Document:

Credit Agreement dated March 31, 2010

 EXHIBIT 10.1 

 
  

 
 CREDIT AGREEMENT 

among 

INTERCONTINENTALEXCHANGE, INC., 

as Borrower, 
 THE
LENDERS NAMED HEREIN, 
 WELLS FARGO BANK, NATIONAL ASSOCIATION 

(successor by merger to Wachovia Bank, National Association), 

as Administrative Agent, Issuing Lender and Swingline Lender 

BANK OF AMERICA, N.A., 

as Syndication Agent, 

and 
 THE BANK OF
TOKYO-MITSUBISHI UFJ, LTD., 
 SOCIETE GENERALE, and 

BANK OF MONTREAL 

as Documentation Agents 

$725,000,000 Senior Revolving Credit Facilities 

WELLS FARGO SECURITIES, LLC 

and 
 BANC OF
AMERICA SECURITIES LLC 
 Joint Lead Arrangers and Joint Book Runners 

Dated as of March 31, 2010 
  

 
  

 

			
	***	 	Certain information in this agreement has been omitted and filed separately with the Commission. Confidential treatment has been requested with respect to the omitted
portions.

 TABLE OF CONTENTS 

 

					
	 	  	 	  	Page
		
	ARTICLE I	  	
	DEFINITIONS	  	
			
	1.1	  	Defined Terms	  	1
	1.2	  	Accounting Terms	  	26
	1.3	  	Other Terms; Construction	  	26
	1.4	  	Currency Equivalents Generally	  	28
	1.5	  	Redenomination of Certain Foreign Currencies	  	28
		
	ARTICLE II	  	
	AMOUNT AND TERMS OF THE LOANS	  	
			
	2.1	  	Commitments	  	29
	2.2	  	Borrowings	  	30
	2.3	  	Disbursements; Funding Reliance; Domicile of Loans	  	33
	2.4	  	Evidence of Debt; Notes	  	34
	2.5	  	Termination and Reduction of Commitments and Swingline Commitment	  	35
	2.6	  	Mandatory Payments and Prepayments	  	36
	2.7	  	Voluntary Prepayments	  	37
	2.8	  	Interest	  	38
	2.9	  	Fees	  	39
	2.10	  	Interest Periods	  	40
	2.11	  	Conversions and Continuations	  	41
	2.12	  	Method of Payments; Computations; Apportionment of Payments	  	42
	2.13	  	Recovery of Payments	  	44
	2.14	  	Pro Rata Treatment	  	45
	2.15	  	Increased Costs; Change in Circumstances; Illegality	  	45
	2.16	  	Taxes	  	48
	2.17	  	Compensation	  	50
	2.18	  	Replacement of Lenders; Mitigation of Costs	  	50
	2.19	  	Letters of Credit	  	51
	2.20	  	Increase in Commitments	  	58
	2.21	  	Defaulting Lenders	  	59
	2.22	  	Additional Reserve Costs	  	61
		
	ARTICLE III	  	
	CONDITIONS OF BORROWING	  	
			
	3.1	  	Conditions of Initial Borrowing	  	62
	3.2	  	Conditions of All Borrowings	  	65
		
	ARTICLE IV	  	
	REPRESENTATIONS AND WARRANTIES	  	
			
	4.1	  	Corporate Organization and Power	  	65
	4.2	  	Authorization; Enforceability	  	66

  

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	4.3	  	No Violation	  	66
	4.4	  	Governmental and Third-Party Authorization; Permits	  	66
	4.5	  	Litigation	  	67
	4.6	  	Taxes	  	67
	4.7	  	Subsidiaries	  	67
	4.8	  	Full Disclosure	  	67
	4.9	  	Margin Regulations	  	68
	4.10	  	No Material Adverse Effect	  	68
	4.11	  	Financial Matters	  	68
	4.12	  	Ownership of Properties	  	69
	4.13	  	ERISA	  	69
	4.14	  	Environmental Matters	  	69
	4.15	  	Compliance with Laws	  	70
	4.16	  	Intellectual Property	  	70
	4.17	  	Regulated Industries	  	70
	4.18	  	Insurance	  	70
	4.19	  	Material Contracts	  	70
	4.20	  	No Burdensome Restrictions	  	71
	4.21	  	OFAC; Anti-Terrorism Laws	  	71
		
	ARTICLE V	  	
	AFFIRMATIVE COVENANTS	  	
			
	5.1	  	Financial Statements	  	71
	5.2	  	Other Business and Financial Information	  	73
	5.3	  	Compliance with All Material Contracts	  	75
	5.4	  	Existence; Franchises; Maintenance of Properties	  	75
	5.5	  	Use of Proceeds	  	75
	5.6	  	Compliance with Laws	  	75
	5.7	  	Payment of Obligations	  	76
	5.8	  	Insurance	  	76
	5.9	  	Maintenance of Books and Records; Inspection	  	76
	5.10	  	Permitted Acquisitions	  	76
	5.11	  	Creation or Acquisition of Subsidiaries	  	77
	5.12	  	OFAC, PATRIOT Act Compliance	  	78
	5.13	  	Further Assurances	  	78
		
	ARTICLE VI	  	
	FINANCIAL COVENANTS	  	
			
	6.1	  	Maximum Total Leverage Ratio	  	78
	6.2	  	Minimum Interest Coverage Ratio	  	78
		
	ARTICLE VII	  	
	NEGATIVE COVENANTS	  	
			
	7.1	  	Merger; Consolidation	  	79
	7.2	  	Indebtedness	  	79
	7.3	  	Liens	  	81

  

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	7.4	  	Asset Dispositions	  	82
	7.5	  	Acquisitions	  	83
	7.6	  	Restricted Payments	  	83
	7.7	  	Transactions with Affiliates	  	84
	7.8	  	Lines of Business	  	84
	7.9	  	Limitation on Certain Restrictions	  	84
	7.10	  	No Other Negative Pledges	  	85
	7.11	  	Investments in Subsidiaries	  	85
	7.12	  	Fiscal Year	  	86
	7.13	  	Accounting Changes	  	86
		
	ARTICLE VIII	  	
	EVENTS OF DEFAULT	  	
			
	8.1	  	Events of Default	  	86
	8.2	  	Remedies: Termination of Commitments, Acceleration, etc	  	88
	8.3	  	Remedies: Set-Off	  	89
		
	ARTICLE IX	  	
	THE ADMINISTRATIVE AGENT	  	
			
	9.1	  	Appointment and Authority	  	89
	9.2	  	Rights as a Lender	  	89
	9.3	  	Exculpatory Provisions	  	90
	9.4	  	Reliance by Administrative Agent	  	90
	9.5	  	Delegation of Duties	  	91
	9.6	  	Resignation of Administrative Agent	  	91
	9.7	  	Non-Reliance on Administrative Agent and Other Lenders	  	92
	9.8	  	No Other Duties, Etc	  	92
	9.9	  	Guaranty Matters	  	92
	9.10	  	Swingline Lender	  	92
		
	ARTICLE X	  	
	MISCELLANEOUS	  	
			
	10.1	  	Expenses; Indemnity; Damage Waiver	  	92
	10.2	  	Governing Law; Submission to Jurisdiction; Waiver of Venue; Service of Process	  	94
	10.3	  	Waiver of Jury Trial	  	95
	10.4	  	Notices; Effectiveness; Electronic Communication	  	95
	10.5	  	Amendments, Waivers, etc	  	96
	10.6	  	Successors and Assigns	  	98
	10.7	  	No Waiver	  	101
	10.8	  	Survival	  	102
	10.9	  	Severability	  	102
	10.10	  	Construction	  	102
	10.11	  	Confidentiality	  	102
	10.12	  	Counterparts; Integration; Effectiveness	  	103
	10.13	  	Disclosure of Information	  	103
	10.14	  	USA Patriot Act Notice	  	103

  

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	EXHIBITS
	Exhibit A-1	  	Form of Dollar Note
	Exhibit A-2	  	Form of Multicurrency Note
	Exhibit A-3	  	Form of Swingline Note
	Exhibit B-1	  	Form of Notice of Borrowing
	Exhibit B-2	  	Form of Notice of Swingline Borrowing
	Exhibit B-3	  	Form of Notice of Conversion/Continuation
	Exhibit B-4	  	Form of Letter of Credit Notice
	Exhibit C	  	Form of Compliance Certificate
	Exhibit D	  	Form of Assignment and Assumption
	Exhibit E	  	Form of Guaranty
	Exhibit F	  	Form of Financial Condition Certificate
	
	SCHEDULES
		
	Schedule 1.1(a)	  	Commitments and Notice Addresses
	Schedule 1.1(b)	  	Existing Letters of Credit
	Schedule 1.1(c)	  	Mandatory Costs Rate
	Schedule 4.1	  	Jurisdictions of Organization
	Schedule 4.4	  	Consents and Approvals
	Schedule 4.5	  	Litigation Matters
	Schedule 4.7	  	Subsidiaries
	Schedule 4.19	  	Material Contracts
	Schedule 7.2	  	Indebtedness
	Schedule 7.3	  	Liens
	Schedule 7.7	  	Transactions with Affiliates

  

 iv 

 CREDIT AGREEMENT 

THIS CREDIT AGREEMENT, dated as of the 31st day of March, 2010, is made among INTERCONTINENTALEXCHANGE, INC., a Delaware
corporation (the “Borrower”), the Lenders (as hereinafter defined), WELLS FARGO BANK, NATIONAL ASSOCIATION (successor by merger to Wachovia Bank, National Association), as Administrative Agent (as hereinafter defined) for the
Lenders, and BANK OF AMERICA, N.A., as Syndication Agent (as hereinafter defined) for the Lenders (“BofA”). 

BACKGROUND STATEMENT 

The Borrower has requested that the Lenders make available to the Borrower revolving credit facilities in the aggregate principal amount
of $725,000,000. The Borrower will use the proceeds of these facilities as provided in Section 5.5. The Lenders are willing to make available to the Borrower the credit facilities described herein subject to and on the terms and
conditions set forth in this Agreement. 
 AGREEMENT 

NOW, THEREFORE, in consideration of the mutual provisions, covenants and agreements herein contained, the parties hereto hereby
agree as follows: 
 ARTICLE I 

DEFINITIONS 

1.1 Defined Terms. For purposes of this Agreement, in addition to the terms defined elsewhere herein, the following terms have the
meanings set forth below (such meanings to be equally applicable to the singular and plural forms thereof): 
 “Account
Designation Letter” means a letter from the Borrower to the Administrative Agent, duly completed and signed by an Authorized Officer of the Borrower and in form and substance reasonably satisfactory to the Administrative Agent, listing any
one or more accounts to which the Borrower may from time to time request the Administrative Agent to forward the proceeds of any Loans made hereunder. 

“Acquisition” means any transaction or series of related transactions, consummated on or after the date hereof, by which
the Borrower directly, or indirectly through one or more Subsidiaries, (i) acquires any going business, division thereof or line of business, or all or substantially all of the assets, of any Person, whether through purchase of assets, merger
or otherwise, or (ii) acquires Capital Stock of any Person having at least a majority of Total Voting Power of the then outstanding Capital Stock of such Person. 

 “Acquisition Amount” means, with respect to any Acquisition, the sum
(without duplication) of (i) the amount of cash paid as purchase price by the Borrower and its Subsidiaries in connection with such Acquisition, (ii) the value of all Capital Stock issued or given as purchase price by the Borrower and its
Subsidiaries in connection with such Acquisition (as determined by the parties thereto under the definitive acquisition agreement), (iii) the amount (determined by using the face amount or the amount payable at maturity, whichever is greater)
of all Indebtedness incurred, assumed or acquired by the Borrower and its Subsidiaries in connection with such Acquisition, (iv) all amounts paid in respect of noncompetition agreements, consulting agreements and similar arrangements entered
into in connection with such Acquisition, (v) all amounts paid in respect of any earnout obligations or similar deferred or contingent purchase price obligations of the Borrower or any of its Subsidiaries incurred or created in connection with
such Acquisition and (vi) the aggregate fair market value of all other real, mixed or personal property paid as purchase price by the Borrower and its Subsidiaries in connection with such Acquisition. 

“Additional Commitment” has the meaning set forth in Section 2.20(c). 

“Additional Lender” has the meaning set forth in Section 2.20(a). 

“Adjusted Base Rate” means, at any time with respect to any Base Rate Loan, a rate per annum equal to the Base Rate as
in effect at such time plus the Applicable Percentage for Base Rate Loans as in effect at such time. 
 “Adjusted LIBOR
Market Index Rate” means, for any date, with respect to any LIBOR Market Index Rate Loan, a rate per annum equal to the LIBOR Market Index Rate as in effect at such time plus the Applicable Percentage for LIBOR Loans as in effect at such
time. 
 “Adjusted LIBOR Rate” means, at any time with respect to any LIBOR Loan, a rate per annum equal to the
LIBOR Rate as in effect at such time plus the Applicable Percentage for LIBOR Loans as in effect at such time. 

“Administrative Agent” means Wells Fargo, in its capacity as Administrative Agent appointed under
Section 9.1, and its successors and permitted assigns in such capacity, provided that it is understood that matters concerning the funding of Multicurrency Loans denominated in a Foreign Currency and the disbursement of the
proceeds thereof will be administered by the Multicurrency Agent, and references herein to the “Administrative Agent” in such a context shall be deemed to refer to the “Multicurrency Agent”. 

“Administrative Questionnaire” means, with respect to each Lender, the administrative questionnaire in the form
submitted to such Lender by the Administrative Agent and returned to the Administrative Agent duly completed by such Lender. 

“Affiliate” means, with respect to a specified Person, another Person that directly, or indirectly through one or more
intermediaries, Controls or is Controlled by or is under common Control with the Person specified. Notwithstanding the foregoing, neither the Administrative Agent nor any Lender shall be deemed an “Affiliate” of any Credit Party.

 “Agents” means, collectively, the Multicurrency Agent and the Administrative Agent. 

 

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 “Aggregate Revolving Dollar Credit Exposure” means, at any time, the sum of
(i) the aggregate principal amount of Dollar Loans outstanding at such time, (ii) the aggregate principal amount of Swingline Loans outstanding at such time and (iii) the aggregate Letter of Credit Exposure of all Dollar Lenders at
such time. 
 “Agreement” means this Credit Agreement, as amended, modified, restated or supplemented from time
to time in accordance with its terms. 
 “Applicable Commitment Percentage” means, at any time with respect to
either the Dollar Commitments or the Multicurrency Commitments, the percentage that the aggregate Dollar Commitments or the aggregate Multicurrency Commitments, as the case may be, bear to the Commitments at such time. 

“Applicable Percentage” means, at any time from and after the Closing Date, the applicable percentage (i) to be
added to the Base Rate for purposes of determining the Adjusted Base Rate, (ii) to be added to the LIBOR Rate and the LIBOR Market Index Rate for purposes of, respectively, determining the Adjusted LIBOR Rate and Adjusted LIBOR Market Index
Rate and (iii) to be used in calculating the commitment fee payable pursuant to Section 2.9(b), in each case as determined under the following matrix with reference to the Total Leverage Ratio, but subject to
Section 5.1(c): 
  

												
	 Tier
	  	 Total Leverage Ratio
	  	Applicable
LIBOR

Margin	 	 	Applicable
Base 
Rate
Margin	 	 	Applicable
Commitment

Fee Rate	 
					
	I	  	Less than 1.0 to 1.0	  	2.00	% 	 	1.00	% 	 	0.35	% 
					
	II	  	Less than 1.50 to 1.0 but greater than or equal to 1.0 to 1.0	  	2.25	% 	 	1.25	% 	 	0.40	% 
					
	III	  	Less than 2.0 to 1.0 but greater than or equal to 1.50 to 1.0	  	2.50	% 	 	1.50	% 	 	0.45	% 
					
	IV	  	Greater than or equal to 2.0 to 1.0	  	3.00	% 	 	2.00	% 	 	0.50	% 

 On each
Adjustment Date (as hereinafter defined), the Applicable Percentage for all Loans and the fees payable pursuant to Section 2.9 shall be adjusted effective as of such Adjustment Date (based upon the calculation of the Total Leverage Ratio
as of the last day of the Reference Period to which such Adjustment Date relates) in accordance with the above matrix; provided, however, that, notwithstanding the foregoing or anything else herein to the contrary, if at any time the
Borrower shall have failed to deliver any of the financial statements as required by Sections 5.1(a) or 5.1(b), as the case may be, or the Compliance Certificate as required by Section 5.2(a), then at all times from
and including the date on which such statements and Compliance Certificate are required to have been delivered until the date on which the same shall have been delivered, each Applicable Percentage shall be determined based on Tier IV above
(notwithstanding the actual Total Leverage Ratio). For purposes of this definition, “Adjustment Date” means, with respect to any Reference Period of the Borrower beginning with the

  

 3 

 
Reference Period ending as of the last day of the first fiscal quarter of fiscal year 2010, the day (or, if such day is not a Business Day, the next succeeding Business Day) of delivery by the
Borrower in accordance with Section 5.1(a) or Section 5.1(b), as the case may be, of (i) financial statements as of the end of and for such Reference Period and (ii) a duly completed Compliance Certificate with
respect to such Reference Period. From the Closing Date until the first Adjustment Date requiring a change in any Applicable Percentage as provided herein, each Applicable Percentage shall be based on Tier I above. 

“Applicable Period” has the meaning set forth in Section 5.1(c). 

“Approved Fund” means any Fund that is administered or managed by (i) a Lender, (ii) an Affiliate of a Lender,
or (iii) a Person (or an Affiliate of a Person) that administers or manages a Lender. 
 “Arrangers” mean
Wells Fargo Securities, LLC, Banc of America Securities LLC and their respective successors. 
 “Asset
Disposition” means any sale, assignment, lease, conveyance, transfer or other disposition by the Borrower or any of its Subsidiaries (whether in one or a series of transactions) of all or any of its assets, business or other properties
(including Capital Stock of Subsidiaries). 
 “Assignment and Assumption” means an Assignment and Assumption
entered into by a Lender and an assignee (with the consent of any party whose consent is required by Section 10.6(b)), and accepted by the Administrative Agent, in substantially the form of Exhibit D or any other form
approved by the Administrative Agent. 
 “Authorized Officer” means, with respect to any action specified
herein to be taken by or on behalf of a Credit Party, any officer of such Credit Party duly authorized by resolution of its board of directors or other governing body to take such action on its behalf, and whose signature and incumbency shall have
been certified to the Administrative Agent by the secretary or an assistant secretary of such Credit Party. 

“Bankruptcy Code” means 11 U.S.C. §§ 101 et seq., as amended from time to time, and any
successor statute. 
 “Bankruptcy Event” means the occurrence of an event specified in
Section 8.1(f) or Section 8.1(g). 
 “Base Rate” means the highest of (i) the per
annum interest rate publicly announced from time to time by Wells Fargo in Charlotte, North Carolina, to be its prime rate (which may not necessarily be its lowest or best lending rate), as adjusted to conform to changes as of the opening of
business on the date of any such change in such prime rate, (ii) the Federal Funds Rate plus 0.5% per annum, as adjusted to conform to changes as of the opening of business on the date of any such change in the Federal Funds Rate, and
(iii) the LIBOR Rate for an Interest Period of 1 month plus 1.50%, as adjusted to conform to changes as of the opening of business on the date of any such change of such LIBOR Rate. 

 

 4 

 “Base Rate Loan” means, at any time, any Revolving Loan that bears interest
at such time at the applicable Adjusted Base Rate. 
 “BofA” means Bank of America, N.A. 

“Borrower” has the meaning given to such term in the introductory paragraph hereof. 

“Borrowing” means the incurrence by the Borrower (including as a result of conversions and continuations of outstanding
Loans pursuant to Section 2.11) on a single date of a group of Loans of a single Class, Currency and Type (including a Swingline Loan made by the Swingline Lender) and, in the case of LIBOR Loans, as to which a single Interest Period is
in effect. 
 “Borrowing Date” means, with respect to any Borrowing, the date upon which such Borrowing is
made. 
 “Business Day” means (i) any day other than a Saturday or Sunday, a legal holiday or a day on
which commercial banks in Charlotte, North Carolina or New York, New York are authorized or required by law to be closed, (ii) in respect of any notice or determination relevant to a LIBOR Loan or a LIBOR Market Index Rate Loan, any such day
that is also a day on which trading in Dollar deposits is conducted by banks in London, England in the London interbank Eurodollar market and (iii) in respect of any notice or determination in connection with, and payments of principal and
interest on, Loans denominated in Euros, such day is also a day on which the Trans-European Automated Real-Time Gross Settlement Express Transfer System (TARGET) (or, if such clearing system ceases to be operative, such other clearing system (if
any) reasonably determined by the Administrative Agent to be a suitable replacement) is open for settlement of payment in Euros. 

“Capital Expenditures” means, for any period, the aggregate amount (whether paid in cash or accrued as a liability) that
would, in accordance with GAAP, be included on the consolidated statement of cash flows of the Borrower and its Subsidiaries for such period as additions to equipment, fixed assets, real property or improvements or other capital assets (including,
without limitation, Capital Lease Obligations); provided, however, that Capital Expenditures shall not include any such expenditures (i) for replacements and substitutions for capital assets, to the extent made with the proceeds
of insurance, (ii) for replacements and substitutions for capital assets, to the extent made with proceeds from the sale, exchange or other disposition of assets as permitted under Sections 7.4(i) or 7.4(iii), or (iii) included
within the Acquisition Amount of any Permitted Acquisition. 
 “Capital Lease” means, with respect to any
Person, any lease of property (whether real, personal or mixed) by such Person as lessee that is or is required to be, in accordance with GAAP, recorded as a capital lease on such Person’s balance sheet. 

“Capital Lease Obligations” means, with respect to any Person, the obligations of such Person to pay rent or other
amounts under any Capital Lease of such Person, and the amount of such obligations shall be the capitalized amount thereof determined in accordance with GAAP. 

“Capital Stock” means (i) with respect to any Person that is a corporation, any and all shares, interests or
equivalents in capital stock (whether voting or nonvoting, and whether 
  

 5 

 
common or preferred) of such corporation, and (ii) with respect to any Person that is not a corporation, any and all partnership, membership, limited liability company or other equity
interests of such Person; and in each case under clauses (i) and (ii), any and all warrants, rights or options to purchase any of the foregoing or any securities convertible into or exchangeable for any of the foregoing. 

“Capitalized Software Development Costs” means those capitalized costs both internal and external, direct and
incremental incurred related to software developed or obtained for internal use in accordance with AICPA Statement of Position 98-1 “Accounting for Costs of Computer Software Developed or Obtained for Internal Use.” 

“Cash Collateral Account” has the meaning given to such term in Section 2.19(i). 

“Cash Equivalents” means (i) securities issued or unconditionally guaranteed or insured by the United States of
America or any agency or instrumentality thereof, backed by the full faith and credit of the United States of America and maturing within one year from the date of acquisition, (ii) commercial paper issued by any Person organized under the laws
of the United States of America, maturing within 180 days from the date of acquisition and, at the time of acquisition, having a rating of at least A-1 or the equivalent thereof by Standard & Poor’s Ratings Services or at least P-1 or
the equivalent thereof by Moody’s Investors Service, Inc., (iii) time deposits and certificates of deposit maturing within 180 days from the date of issuance and issued by a bank or trust company organized under the laws of the United
States of America or any state thereof (y) that has combined capital and surplus of at least $500,000,000 or (z) that has (or is a subsidiary of a bank holding company that has) a long-term unsecured debt rating of at least A or the
equivalent thereof by Standard & Poor’s Ratings Services or at least A2 or the equivalent thereof by Moody’s Investors Service, Inc., (iv) repurchase obligations with a term not exceeding thirty (30) days with respect to
underlying securities of the types described in clause (i) above entered into with any bank or trust company meeting the qualifications specified in clause (iii) above, and (v) money market funds at least ninety-five percent
(95%) of the assets of which are continuously invested in securities of the foregoing types. 
 “Change in
Law” means the occurrence, after the date of this Agreement, of any of the following: (i) the adoption or taking effect of any law, rule, regulation or treaty, (ii) any change in any law, rule, regulation or treaty or in the
administration, interpretation or application thereof by any Governmental Authority or (iii) the making or issuance of any request, guideline or directive (whether or not having the force of law) by any Governmental Authority. 

“Change of Control” means an event or series of events by which: 

(a) any “person” or “group” (as such terms are used in Sections 13(d) and 14(d) of the Securities Exchange Act of
1934, but excluding any employee benefit plan of such person or its subsidiaries, and any person or entity acting in its capacity as trustee, agent or other fiduciary or administrator of any such plan) becomes the “beneficial owner” (as
defined in Rules 13d-3 and 13d-5 under the Securities Exchange Act of 1934, except that a person or group shall be deemed to have “beneficial ownership” of all securities that such person or group has the right to acquire, whether such
right is exercisable immediately or only after the passage of time or the occurrence of any other event or condition (such right, an “option right”)), directly or indirectly, 

 

 6 

 
of 35% or more of the equity securities of the Borrower entitled to vote for members of the board of directors or equivalent governing body of the Borrower on a fully-diluted basis (and taking
into account all such securities that such person or group has the right to acquire pursuant to any option right); or 
 (b)
during any period of 24 consecutive months, a majority of the members of the board of directors or other equivalent governing body of the Borrower ceases to be composed of individuals that are Continuing Directors. 

“Class” when used in reference to any Loan or Borrowing, refers to whether such Loan, or the Loans constituting such
Borrowing, are Dollar Loans, Multicurrency Loans or Swingline Loans; when used in reference to any Lender, refers to whether such Lender is a Dollar Lender or a Multicurrency Lender; and, when used in reference to any Commitment, refers to whether
such Commitment is a Dollar Commitment or Multicurrency Commitment. 
 “Closing Date” means the date upon which
the initial extensions of credit are made pursuant to this Agreement, which shall be the date upon which each of the conditions set forth in Sections 3.1 and 3.2 shall have been satisfied or waived in accordance with the terms of
this Agreement. 
 “Code” means the Internal Revenue Code of 1986, as amended from time to time, and any
successor statute, and all rules and regulations from time to time promulgated thereunder. 
 “Commitments”
means, collectively, the Dollar Commitments and the Multicurrency Commitments. 
 “Compliance Certificate”
means a fully completed and duly executed certificate in the form of Exhibit C, together with a Covenant Compliance Worksheet. 

“Consolidated EBITDA” means, for any Reference Period, the aggregate of (i) Consolidated Net Income for such
period, plus (ii) the sum of (A) interest expense, (B) federal, state, local and other income taxes, (C) depreciation and amortization of intangible assets, and (D) extraordinary losses or charges, all to the extent
taken into account in the calculation of Consolidated Net Income for such Reference Period and all calculated in accordance with GAAP, minus (iii) the sum of (A) extraordinary gains or income and (B) noncash credits increasing
income for such period, all to the extent taken into account in the calculation of Consolidated Net Income for such period. 

“Consolidated Interest Expense” means, for any Reference Period, the sum (without duplication) of (i) total
interest expense of the Borrower and its Subsidiaries for such Reference Period in respect of Total Funded Debt (including, without limitation, all such interest expense accrued or capitalized during such Reference Period, whether or not actually
paid during such Reference Period), determined on a consolidated basis in accordance with GAAP, and (ii) all recurring unused commitment fees and other ongoing fees in respect of Total Funded Debt (including the unused fees provided for under
Section 2.9) paid, accrued or capitalized by the Borrower and its Subsidiaries during such Reference Period. 
  

 7 

 “Consolidated Net Income” means, for any Reference Period, net income (or
loss) for the Borrower and its Subsidiaries for such Reference Period, determined on a consolidated basis in accordance with GAAP (after deduction for minority interests); provided that, in making such determination, there shall be excluded
(i) the net income of any other Person that is not a Subsidiary of the Borrower (or is accounted for by the Borrower by the equity method of accounting) except to the extent of actual payment of cash dividends or distributions by such Person to
the Borrower or any Subsidiary of the Borrower during such period, and (ii) the net income of any Subsidiary of the Borrower to the extent that the declaration or payment of dividends or similar distributions by such Subsidiary of such net
income is not at the time permitted by operation of the terms of its charter, certificate of incorporation or formation or other constituent document or any agreement or instrument (other than a Credit Document) or Requirement of Law applicable to
such Subsidiary. 
 “Continuing Directors” means, as of any date, members of the board of directors or other
equivalent governing body of the Borrower (i) who were members of that board or equivalent governing body on the date 24 months prior to such date, (ii) whose election or nomination to that board or equivalent governing body was approved
by individuals referred to in clause (i) above constituting at the time of such election or nomination at least a majority of that board or equivalent governing body or (iii) whose election or nomination to that board or other equivalent
governing body was approved by individuals referred to in clauses (i) and (ii) above constituting at the time of such election or nomination at least a majority of that board or equivalent governing body (excluding, in the case of both
clause (ii) and clause (iii), any individual whose initial nomination for, or assumption of office as, a member of that board or equivalent governing body occurs as a result of an actual or threatened solicitation of proxies or consents for the
election or removal of one or more directors by any person or group other than a solicitation for the election of one or more directors by or on behalf of the board of directors). 

“Control” means, with respect to any Person, (i) the possession, direct or indirect, of the power to direct or
cause the direction of the management and policies of such Person, whether through the ownership of voting securities, by contract or otherwise, or (ii) the beneficial ownership of securities or other ownership interests of such Person having
10% or more of the combined voting power of the then outstanding securities or other ownership interests of such Person ordinarily (and apart from rights accruing under special circumstances) having the right to vote in the election of directors or
other governing body of such Person; and the terms “Controlled” and “Controlling” have correlative meanings. 

“Covenant Compliance Worksheet” means a fully completed worksheet in the form of Attachment A to
Exhibit C. 
 “Credit Documents” means this Agreement, the Notes, the Letters of Credit, the Fee
Letters, the Guaranty, and all other agreements, instruments, documents and certificates now or hereafter executed and delivered to the Administrative Agent or any Lender by or on behalf of the Borrower or any other Credit Party with respect to this
Agreement, in each case as amended, modified, supplemented or restated from time to time. 
 “Credit Parties”
means the Borrower, each of the Subsidiary Guarantors and their respective successors. 
  

 8 

 “Currency” means Dollars or any Foreign Currency. 

“Debtor Relief Laws” means the Bankruptcy Code, and all other liquidation, conservatorship, bankruptcy, assignment for
the benefit of creditors, moratorium, rearrangement, receivership, insolvency, reorganization, or similar debtor relief laws of the United States or other applicable jurisdictions from time to time in effect and affecting the rights of creditors
generally. 
 “Default” means any event or condition that, with the passage of time or giving of notice, or
both, would constitute an Event of Default. 
 “Defaulting Lender” means any Lender, as determined in good
faith by the Administrative Agent, that (i) has failed to fund any Loan, or any participation interest in Letters of Credit or Swingline Loans, in each case requested and permitted to be made hereunder in accordance with the terms hereof, which
failure has not been cured within three Business Days after the date on which it is required to fund such Loan or participation interest hereunder, (ii) has notified the Borrower, the Administrative Agent, Swingline Lender or the Issuing Lender
in writing that it does not intend to comply with any of its funding obligations under this Agreement or has made a public statement to the effect that it does not intend to comply with its funding obligations under this Agreement or generally under
other agreements in which it commits to extend credit, (iii) has failed, within three Business Days after written request by the Administrative Agent, to confirm that it will comply with the terms of this Agreement relating to its obligations
to fund prospective Loans or participations in Letters of Credit or Swingline Loans, (iv) has failed to pay to the Administrative Agent, the Swingline Lender, the Issuing Lender or any Lender when due an amount owed by such Lender pursuant to
the terms of this Agreement, unless such amount is subject to a good faith dispute or such failure has been cured, or (v) (a) has become or is insolvent or has a parent company that has become or is insolvent, (b) has become the
subject of a proceeding under any Debtor Relief Law, or has had a receiver, conservator, trustee or custodian appointed for it (including, without limitation, the appointment of the Federal Deposit Insurance Corporation as a receiver or conservator
by a federal or state chartering authority or otherwise pursuant to the Federal Deposit Insurance Act), or has taken any action in furtherance of, or indicating its consent to, approval of or acquiescence in any such proceeding or appointment or
(c) has a parent company that has become the subject of a proceeding under any Debtor Relief Law, or has had a receiver, conservator, trustee or custodian appointed for it (including, without limitation, the appointment of the Federal Deposit
Insurance Corporation as a receiver or conservator by a federal or state chartering authority or otherwise pursuant to the Federal Deposit Insurance Act), or has taken any action in furtherance of, or indicating its consent to, approval of or
acquiescence in any such proceeding or appointment. 
 “Disqualified Capital Stock” means, with respect to any
Person, any Capital Stock of such Person that, by its terms (or by the terms of any security into which it is convertible or for which it is exchangeable), or upon the happening of any event or otherwise, (i) matures or is mandatorily
redeemable or subject to any mandatory repurchase requirement, pursuant to a sinking fund obligation or otherwise, (ii) is redeemable or subject to any mandatory repurchase requirement at the sole option of the holder thereof, or (iii) is
convertible into or exchangeable for (whether at the option of the issuer or the holder thereof) (y) debt securities or (z) any Capital Stock referred to in (i) or (ii) above, in each case under (i), (ii) or (iii) above
at any time on or 
  

 9 

 
prior to the first anniversary of the Maturity Date; provided, however, that only the portion of Capital Stock that so matures or is mandatorily redeemable, is so redeemable at the
option of the holder thereof, or is so convertible or exchangeable on or prior to such date shall be deemed to be Disqualified Capital Stock. 

“Dollar Amount” means, at any time: (a) with respect to an amount denominated in Dollars, such amount; and
(b) with respect to an amount denominated in a Foreign Currency, an equivalent amount thereof in Dollars as determined by the Administrative Agent at such time on the basis of the Spot Rate for the purchase of Dollars with such Foreign
Currency. 
 “Dollar Commitment” means, with respect to any Dollar Lender at any time, the commitment of such
Lender to make Dollar Loans and participate in Letters of Credit and Swingline Loans in an aggregate principal amount at any time outstanding up to the amount set forth opposite such Lender’s name on Schedule 1.1(a) under the
caption “Dollar Commitment” or, if such Lender has entered into one or more Assignment and Assumptions, the amount set forth for such Lender at such time in the Register maintained by the Administrative Agent pursuant to
Section 10.6(c) as such Lender’s “Dollar Commitment,” in either case, as such amount may be reduced at or prior to such time pursuant to the terms hereof or increased from time to time pursuant to Section 2.20.

 “Dollar Equivalent” means, on any date of determination, with respect to an amount denominated in any
Foreign Currency, the amount of Dollars that would be required to purchase such amount of such Foreign Currency on such date of determination, based upon the Spot Rate. 

“Dollar Lender” means each Person listed on Schedule 1.1(a) as having a Dollar Commitment and each other Person
that becomes a “Dollar Lender” hereunder pursuant to Section 2.18(a), Section 2.20 or Section 10.6, and their respective successors and assigns. 

“Dollar Loan” means any Revolving Loan made by a Dollar Lender pursuant to Section 2.1(a) denominated in
Dollars. 
 “Dollar Note” means, with respect to any Dollar Lender requesting the same, the promissory note of
the Borrower in favor of such Dollar Lender evidencing the Dollar Loans made by such Lender pursuant to Section 2.1(a), in substantially the form of Exhibit A-1, together with any amendments, modifications and supplements
thereto, substitutions therefor and restatements thereof. 
 “Dollars” or “$” means dollars of
the United States of America. 
 “Domestic Subsidiary” means any Subsidiary of the Borrower organized under the
laws of any jurisdiction within the United States. 
 “EMU Legislation” means the legislative measures of the
European Union for the introduction of, changeover to or operation of the Euro that apply generally in the European Union. 

“Environmental Claims” means any and all administrative, regulatory or judicial actions, suits, demands, demand letters,
claims, liens, allegations, notices of noncompliance or violation, 
  

 10 

 
investigations by a Governmental Authority, or proceedings (including, without limitation, administrative, regulatory and judicial proceedings) relating in any way to any Hazardous Substance, any
actual or alleged violation of or liability under any Environmental Law or any permit issued, or any approval given, under any Environmental Law (collectively, “Claims”), including, without limitation, (i) any and all Claims by
Governmental Authorities for enforcement, cleanup, removal, response, remedial or other actions or damages pursuant to any applicable Environmental Law and (ii) any and all Claims by any third party seeking damages, contribution,
indemnification, cost recovery, compensation or injunctive relief resulting from any Hazardous Substance or arising from alleged injury or threat of injury to human health or the environment. 

“Environmental Laws” means any and all federal, state and local laws, statutes, ordinances, rules, regulations, permits,
licenses, approvals, rules of common law and orders of courts or Governmental Authorities, relating to the protection of human health, occupational safety with respect to exposure to Hazardous Substances, or the environment, now or hereafter in
effect, and in each case as amended from time to time, including, without limitation, requirements pertaining to the manufacture, processing, distribution, use, treatment, storage, disposal, transportation, handling, reporting, licensing,
permitting, investigation or remediation of Hazardous Substances. 
 “ERISA” means the Employee Retirement
Income Security Act of 1974, as amended from time to time, and any successor statute, and all rules and regulations from time to time promulgated thereunder. 

“ERISA Affiliate” means any Person (including any trade or business, whether or not incorporated) deemed to be under
“common control” with, or a member of the same “controlled group” as, the Borrower or any of its Subsidiaries, within the meaning of Sections 414(b), (c), (m) or (o) of the Code or Section 4001 of ERISA.

 “ERISA Event” means any of the following with respect to a Plan or Multiemployer Plan, as applicable:
(i) a Reportable Event, (ii) a complete or partial withdrawal by the Borrower or any ERISA Affiliate from a Multiemployer Plan that results in liability under Section 4201 or 4204 of ERISA, or the receipt by the Borrower or any ERISA
Affiliate of notice from a Multiemployer Plan that it is in reorganization or insolvency pursuant to Section 4241 or 4245 of ERISA or that it intends to terminate or has terminated under Section 4041A of ERISA, (iii) the distribution
by the Borrower or any ERISA Affiliate under Section 4041 or 4041A of ERISA of a notice of intent to terminate any Plan or the taking of any action to terminate any Plan, (iv) the commencement of proceedings by the PBGC under
Section 4042 of ERISA for the termination of, or the appointment of a trustee to administer, any Plan, or the receipt by the Borrower or any ERISA Affiliate of a notice from any Multiemployer Plan that such action has been taken by the PBGC
with respect to such Multiemployer Plan, (v) the institution of a proceeding by any fiduciary of any Multiemployer Plan against the Borrower or any ERISA Affiliate to enforce Section 515 of ERISA, which is not dismissed within thirty
(30) days, (vi) the imposition upon the Borrower or any ERISA Affiliate of any liability under Title IV of ERISA, other than for PBGC premiums due but not delinquent under Section 4007 of ERISA, or the imposition or threatened
imposition of any Lien upon any assets of the Borrower or any ERISA Affiliate as a result of any alleged failure to comply with the Code or ERISA in respect of any Plan, (vii) the 

 

 11 

 
engaging in or otherwise becoming liable for a nonexempt Prohibited Transaction by the Borrower or any ERISA Affiliate, or a violation of the applicable requirements of Section 404 or 405 of
ERISA or the exclusive benefit rule under Section 401(a) of the Code by any fiduciary of any Plan for which the Borrower or any of its ERISA Affiliates may be directly or indirectly liable, (viii) the occurrence with respect to any Plan of
any “accumulated funding deficiency” (within the meaning of Section 302 of ERISA and Section 412 of the Code), whether or not waived, (ix) with respect to plan years beginning prior to January 1, 2008, the adoption of
an amendment to any Plan that, pursuant to Section 307 of ERISA, would require the provision of security to such Plan by the Borrower or an ERISA Affiliate, or (x) with respect to plan years beginning on or after the PPA 2006 Effective
Date, the incurrence of an obligation to provide a notice under Section 101(j) of ERISA, the adoption of an amendment which may not take effect due to the application of Section 436(c)(1) of the Code or Section 206(g)(2)(A) of ERISA,
or the payment of a contribution in order to satisfy the requirements of Section 436(c)(2) of the Code or Section 206(g)(2)(B) of ERISA. 

“Euro” or “€” means the single currency of the European Union as constituted by the Treaty
on European Union and as referred to in the EMU Legislation. 
 “Event of Default” has the meaning given to
such term in Section 8.1. 
 “Exchange Act” means the Securities Exchange Act of 1934, as amended
from time to time, and any successor statute, and all rules and regulations from time to time promulgated thereunder. 

“Excluded Taxes” means, with respect to the Administrative Agent, any Lender or any other recipient of any payment to be
made by or on account of any obligation of the Borrower hereunder, (i) 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, (ii) any branch profits taxes
imposed by the United States or any similar tax imposed by any other jurisdiction in which the Borrower is located and (iii) in the case of a Foreign Lender (other than an assignee pursuant to a request by the Borrower under
Section 2.18(a)), any withholding tax that is imposed on amounts payable to such Foreign Lender at the time such Foreign Lender becomes a party hereto (or designates a new Lending Office) or is attributable to such Foreign Lender’s
failure or inability (other than as a result of a Change in Law) to comply with Section 2.16(e), except to the extent that such Foreign Lender (or its assignor, if any) was entitled, at the time of designation of a new Lending Office (or
assignment), to receive additional amounts from the Borrower with respect to such withholding tax pursuant to Section 2.16(a). 

“Existing 2007 Credit Facility” has the meaning set forth in Section 3.1(c). 

“Existing 2009 Credit Facility” has the meaning set forth in Section 3.1(d). 

“Existing Letters of Credit” means those letters of credit set forth on Schedule 1.1(b) and continued under this
Agreement as Letters of Credit issued by the Issuing Bank pursuant to Section 2.19. 
  

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 “Federal Funds Rate” means, for any period, a fluctuating per annum
interest rate (rounded upwards, if necessary, to the nearest 1/100 of one percentage point) equal for each day during such period to the weighted average of the rates on overnight federal funds transactions with members of the Federal Reserve System
arranged by federal funds brokers, as published for such day (or, if such day is not a Business Day, for the next preceding Business Day) by the Federal Reserve Bank of New York, or if such rate is not so published for any day that is a Business
Day, the average of the quotations for such day on such transactions received by the Administrative Agent from three federal funds brokers of recognized standing selected by the Administrative Agent. 

“Federal Reserve Board” means the Board of Governors of the Federal Reserve System or any successor thereto. 

“Fee Letters” means the Joint Fee Letter and the Wells Fargo Fee Letter. 

“Financial Condition Certificate” means a fully completed and duly executed certificate, in substantially the form of
Exhibit F, together with the attachments thereto. 
 “Financial Officer” means, with respect to the
Borrower, the chief financial officer, vice president - finance, principal accounting officer or treasurer of the Borrower. 

“fiscal quarter” or “FQ” means a fiscal quarter of the Borrower and its Subsidiaries. 

“fiscal year” or “FY” means a fiscal year of the Borrower and its Subsidiaries. 

“Foreign Currency” means Euro or Sterling. 

“Foreign Currency Equivalent” means, on any date of determination, with respect to an amount denominated in Dollars, the
equivalent amount thereof in the applicable Foreign Currency that would be required to purchase such amount of Dollars on such date of determination, based upon the Spot Rate. 

“Foreign Lender” means any Lender that is organized under the laws of a jurisdiction outside of the United States.

 “Foreign Subsidiary” means any Subsidiary of the Borrower that is not a Domestic Subsidiary. 

“Fund” means 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 business. 

“GAAP” means generally accepted accounting principles in the United States of America, as set forth in the statements,
opinions and pronouncements of the Accounting Principles Board, the American Institute of Certified Public Accountants and the Financial Accounting Standards Board, consistently applied and maintained, as in effect from time to time (subject to the
provisions of Section 1.2). 
  

 13 

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

“Guarantor” means any Wholly-Owned Subsidiary of the Borrower that is a guarantor of the Obligations under the Guaranty
(or under another guaranty agreement in form and substance satisfactory to the Administrative Agent). 

“Guaranty” means a guaranty agreement made by the Guarantors in favor of the Administrative Agent and the Lenders, in
substantially the form of Exhibit E, as amended, modified, restated or supplemented from time to time. 

“Guaranty Fund” means any fund set up by (i) ICE Clear US pursuant to Section 5.4 of its by-laws,
(ii) ICE Clear Europe, (iii) The Clearing Corporation, (iv) ICE Trust, (v) ICE Clear Canada, and (vi) such other clearing houses owned and operated by the Borrower in the future, in each case in which its clearing members
make deposits to secure the obligations of its clearing members and which is used to cover the losses sustained by such Person as a result of the default of any such clearing member. 

“Guaranty Obligation” means, with respect to any Person, any direct or indirect liability of such Person with respect to
any Indebtedness, liability or other obligation (the “primary obligation”) of another Person (the “primary obligor”), whether or not contingent, (i) to purchase, repurchase or otherwise acquire such primary
obligation or any property constituting direct or indirect security therefor, (ii) to advance or provide funds (x) for the payment or discharge of any such primary obligation or (y) to maintain working capital or equity capital of the
primary obligor or otherwise to maintain the net worth or solvency or any balance sheet item, level of income or financial condition of the primary obligor (including, without limitation, keep well agreements, maintenance agreements, comfort letters
or similar agreements or arrangements), (iii) to lease or purchase property, securities or services primarily for the purpose of assuring the owner of any such primary obligation of the ability of the primary obligor in respect thereof to make
payment of such primary obligation or (iv) otherwise to assure or hold harmless the owner of any such primary obligation against loss or failure or inability to perform in respect thereof; provided, however, that, with respect to
the Borrower and its Subsidiaries, the term Guaranty Obligation shall not include endorsements for collection or deposit in the ordinary course of business. The amount of any Guaranty Obligation of any guaranteeing Person hereunder 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 Guaranty Obligation is made and (b) the maximum amount for which such guaranteeing Person may be liable
pursuant to the terms of the instrument embodying such Guaranty Obligation, unless such primary obligation and the maximum amount for which such guaranteeing Person may be liable are not stated or determinable, in which case the amount of such
Guaranty Obligation shall be such guaranteeing Person’s maximum reasonably anticipated liability in respect thereof as determined by such guaranteeing Person in good faith. 

 

 14 

 “Hazardous Substance” means any substance or material meeting any one or
more of the following criteria: (i) it is or contains a substance designated as a hazardous waste, hazardous substance, hazardous material, pollutant, contaminant or toxic substance under any Environmental Law, (ii) it is toxic, explosive,
corrosive, ignitable, infectious, radioactive, mutagenic or otherwise hazardous to human health or the environment and is or becomes regulated by any Governmental Authority, (iii) its presence may require investigation or response under any
Environmental Law, (iv) it constitutes a nuisance, trespass or health or safety hazard to Persons or neighboring properties, or (v) it is or contains, without limiting the foregoing, asbestos, polychlorinated biphenyls, urea formaldehyde
foam insulation, petroleum hydrocarbons, petroleum derived substances or wastes, crude oil, nuclear fuel, natural gas or synthetic gas. 

“Hedge Agreement” means any interest or foreign currency rate swap, cap, collar, option, hedge, forward rate or other
similar agreement or arrangement designed to protect against fluctuations in interest rates or currency exchange rates. 

“Hedge Party” means any Lender or any Affiliate of any Lender in its capacity as a counterparty to any Hedge Agreement
with the Borrower or any Subsidiary, which Hedge Agreement is required or permitted under this Agreement to be entered into by the Borrower, or any former Lender or any Affiliate of any former Lender in its capacity as a counterparty to any such
Hedge Agreement entered into prior to the date such Person or its Affiliate ceased to be a Lender. 
 “ICE Clear
Canada” means ICE Clear Canada, Inc., a Manitoba corporation and an indirect Wholly-Owned Subsidiary of the Borrower. 

“ICE Clear Europe” means ICE Clear Europe Limited, a private limited company incorporated in England and Wales and an
indirect Wholly-Owned Subsidiary of the Borrower. 
 “ICE Clear Europe Payment Services Agreement” shall mean
the Payment Services Agreement between ICE Clear Europe and Citibank, N.A., London Branch, in a form reasonably acceptable to the Administrative Agent, for the purpose of providing an intraday liquidity line of credit to handle timing differences
between receipts from and payments to clearing house members, and any renewal, replacement, refinancing or extension of such Indebtedness that does not increase the outstanding principal amount thereof. 

“ICE Clear US” means ICE Clear U.S., Inc., a New York corporation and an indirect Wholly-Owned Subsidiary of the
Borrower (formerly known as New York Clearing Corporation). 
 “ICE Futures Europe” means ICE Futures Europe, a
United Kingdom corporation and an indirect Wholly-Owned Subsidiary of the Borrower. 
 “ICE Trust” means ICE
Trust U.S. LLC, a New York limited liability trust company and a Subsidiary of the Borrower. 
 “Increasing
Lender” has the meaning set forth in Section 2.20(a). 
  

 15 

 “Indebtedness” means, with respect to any Person (without duplication),
(i) all obligations of such Person for borrowed money, (ii) all obligations of such Person evidenced by notes, bonds, debentures or similar instruments, or upon which interest payments are customarily made, (iii) the maximum stated or
face amount of all surety bonds, letters of credit and bankers’ acceptances issued or created for the account of such Person and, without duplication, all drafts drawn thereunder (to the extent unreimbursed), (iv) all obligations of such
Person to pay the deferred purchase price of property or services (excluding trade payables incurred in the ordinary course of business and not more than 90 days past due), (v) all indebtedness created or arising under any conditional sale or
other title retention agreement with respect to property acquired by such Person, (vi) all Capital Lease Obligations of such Person, (vii) all Disqualified Capital Stock issued by such Person, with the amount of Indebtedness represented by
such Disqualified Capital Stock being equal to the greater of its voluntary or involuntary liquidation preference and its maximum fixed repurchase price, (viii) the principal balance outstanding and owing by such Person under any synthetic
lease, tax retention operating lease or similar off-balance sheet financing product, (ix) all Guaranty Obligations of such Person with respect to Indebtedness of another Person, (x) the net termination obligations of such Person under any
Hedge Agreements, calculated as of any date as if such agreement or arrangement were terminated as of such date, and (xi) all indebtedness of the types referred to in clauses (i) through (x) above (A) of any partnership or
unincorporated joint venture in which such Person is a general partner or joint venturer to the extent such Person is liable therefor or (B) secured by any Lien on any property or asset owned or held by such Person regardless of whether or not
the indebtedness secured thereby shall have been incurred or assumed by such Person or is nonrecourse to the credit of such Person, the amount thereof being equal to the value of the property or assets subject to such Lien. 

“Indemnified Taxes” means Taxes other than Excluded Taxes. 

“Intellectual Property” means (i) all inventions (whether or not patentable and whether or not reduced to
practice), all improvements thereto, and all patents, patent applications, and patent disclosures, together with all reissues, continuations, continuations-in-part, divisions, revisions, extensions, and reexaminations thereof, (ii) all
trademarks, service marks, trade dress, logos, trade names, and corporate names, together with all goodwill associated therewith, and all applications, registrations, and renewals in connection therewith, (iii) all copyrightable works and all
copyrights (registered and unregistered), (iv) all trade secrets and confidential information (including, without limitation, financial, business and marketing plans and customer and supplier lists and related information), (v) all
computer software and software systems (including, without limitation, data, databases and related documentation), (vi) all Internet web sites and domain names, (vii) all technology, know-how, processes and other proprietary rights, and
(viii) all licenses or other agreements to or from third parties regarding any of the foregoing. 
 “Interest
Coverage Ratio” means, as of the last day of any Reference Period ending on the last day of a fiscal quarter, the ratio of (i) Consolidated EBITDA for such Reference Period less Capital Expenditures and Capitalized Software Development
Costs to (ii) Consolidated Interest Expense for such Reference Period. 
 “Interest Period” has the
meaning given to such term in Section 2.10. 
  

 16 

 “Investments” has the meaning given to such term in
Section 7.11. 
 “Issuing Lender” means Wells Fargo in its capacity as issuer of the Letters of
Credit, and its successors in such capacity. 
 “Joint Fee Letter” means the letter from Wells Fargo, Wells
Fargo Securities, LLC, BofA and Banc of America Securities LLC, to the Borrower, dated February 11, 2010, relating to certain fees payable by the Borrower in respect of the transactions contemplated by this Agreement, as amended, modified,
restated or supplemented from time to time. 
 “Lenders” means, collectively, the Dollar Lenders and the
Multicurrency Lenders. Unless the context otherwise requires, the term “Lenders” includes the Swingline Lender. 

“Lending Office” means, with respect to any Lender, the office of such Lender designated as such in such Lender’s
Administrative Questionnaire or in connection with an Assignment and Assumption, or such other office as may be otherwise designated in writing from time to time by such Lender to the Borrower and the Administrative Agent. A Lender may designate
separate Lending Offices as provided in the foregoing sentence for the purposes of making or maintaining different Types and Classes of Loans, and, with respect to LIBOR Loans, such office may be a domestic or foreign branch or Affiliate of such
Lender. 
 “Letter of Credit Exposure” means, with respect to any Dollar Lender at any time, such Lender’s
ratable share (based on the proportion that its Dollar Commitment bears to the aggregate Dollar Commitments at such time, or if the Dollar Commitments have been terminated, based upon the proportion that its Revolving Dollar Credit Exposure bears to
the Aggregate Revolving Dollar Credit Exposure) of the sum of (i) the aggregate Stated Amount of all Letters of Credit outstanding at such time and (ii) the aggregate amount of all Reimbursement Obligations outstanding at such time.

 “Letter of Credit Maturity Date” means the fifth Business Day prior to the Maturity Date. 

“Letter of Credit Notice” has the meaning given to such term in Section 2.19(b). 

“Letters of Credit” has the meaning given to such term in Section 2.19(a). 

“LIBOR Loan” means, at any time, any Revolving Loan that bears interest at such time at the applicable Adjusted LIBOR
Rate. 
 “LIBOR Market Index Rate” means, for any date, the rate for one month Dollar deposits as reported on
Reuters Screen LIBOR01 Page as of 11:00 a.m. London time, on such day, or if such day is not a London Banking Day, then the immediately preceding London Banking Day (or if not so reported, then as reasonably determined by the Administrative Agent
from another recognized source or interbank quotation). 
 “LIBOR Market Index Rate Loan” means any Swingline
Loan bearing interest at a rate determined by reference to the LIBOR Market Index Rate. 
  

 17 

 “LIBOR Rate” means, with respect to each LIBOR Loan denominated in any
Currency comprising part of the same Borrowing for any Interest Period, an interest rate per annum obtained by dividing (i) (y) the rate of interest appearing on Reuters Screen LIBOR01 Page (or any successor page) that represents an
average British Bankers Association Interest Settlement Rate for deposits denominated in such Currency or (z) if no such rate is available, the rate of interest determined by the Administrative Agent to be the rate or the arithmetic mean of
rates at which deposits in such Currency in immediately available funds are offered to first-tier banks in the London interbank Eurodollar market, in each case under (y) and (z) above at approximately 11:00 a.m., London time, two
(2) Business Days prior to the first day of such Interest Period for a period substantially equal to such Interest Period and in an amount substantially equal to the amount of Wells Fargo’s LIBOR Loan comprising part of such Borrowing, by
(ii) the amount equal to 1.00 minus the Reserve Requirement (expressed as a decimal) for such Interest Period. 

“Lien” means any mortgage, pledge, hypothecation, assignment, security interest, lien (statutory or otherwise), charge
or other encumbrance of any nature, whether voluntary or involuntary, including, without limitation, the interest of any vendor or lessor under any conditional sale agreement, title retention agreement, Capital Lease or any other lease or
arrangement having substantially the same effect as any of the foregoing. 
 “Loans” means any or all of the
Revolving Loans and the Swingline Loans. 
 “Local Time” means (a) in the case of Multicurrency Loans
denominated in Foreign Currency, London time, and (b) in all other cases, Charlotte, North Carolina time. 

“Margin Stock” has the meaning given to such term in Regulation U. 

“Material Adverse Effect” means a material adverse effect upon (i) the business, assets, properties, liabilities
(actual or contingent), operations, condition (financial or otherwise) or prospects of the Borrower and its Subsidiaries, taken as a whole, (ii) the ability of the Credit Parties, taken as a whole, to perform their respective obligations under
this Agreement or any of the other Credit Documents or (iii) the legality, validity or enforceability of this Agreement or any of the other Credit Documents or the rights and remedies of the Administrative Agent and the Lenders hereunder and
thereunder. 
 “Material Contract” has the meaning given to such term in Section 4.19. 

“Maturity Date” means the third anniversary of the Closing Date. 

“Multicurrency Agent” means Wells Fargo Bank, National Association, London Branch, and any other financial institution
designated by the Administrative Agent (and reasonably acceptable to the Borrower) to act as its sub-agent and correspondent hereunder in respect of the disbursement and payment of Multicurrency Loans. 

“Multicurrency Commitment” means, with respect to any Multicurrency Lender at any time, the commitment of such Lender to
make Multicurrency Loans in an aggregate principal amount at any time outstanding up to the amount set forth opposite such Lender’s name on Schedule 1.1(a) under the caption “Multicurrency Commitment” or, if such Lender
has entered into one or more Assignment and Assumptions, the amount set forth for such Lender at such 
  

 18 

 
time in the Register maintained by the Administrative Agent pursuant to Section 10.6(c) as such Lender’s “Multicurrency Commitment,” in either case, as such amount may
be reduced at or prior to such time pursuant to the terms hereof or increased from time to time pursuant to Section 2.20. 

“Multicurrency Lender” means each Person listed on Schedule 1.1(a) as having a Multicurrency Commitment and each
other Person that becomes a “Multicurrency Lender” hereunder pursuant to Section 2.18(a), Section 2.20 or Section 10.6, and their respective successors and assigns. 

“Multicurrency Loan” means any Revolving Loan made by a Multicurrency Lender pursuant to Section 2.1(b)
denominated in Dollars or a Foreign Currency. 
 “Multicurrency Note” means, with respect to any Multicurrency
Lender requesting the same, the promissory note of the Borrower in favor of such Multicurrency Lender evidencing the Multicurrency Loans made by such Lender pursuant to Section 2.1(b), in substantially the form of
Exhibit A-2, together with any amendments, modifications and supplements thereto, substitutions therefor and restatements thereof. 

“Multiemployer Plan” means any “multiemployer plan” within the meaning of Section 4001(a)(3) of ERISA to
which the Borrower or any ERISA Affiliate makes, is making or is obligated to make contributions or, during the immediately preceding five plan years, has made or been obligated to make contributions. 

“Net Cash Proceeds” means, in the case of any Asset Disposition, the aggregate cash proceeds received by any Credit
Party in respect thereof, less (i) reasonable fees and out-of-pocket expenses payable by the Borrower or any of its Subsidiaries in connection therewith, (ii) taxes paid or payable as a result thereof, and (iii) the amount required to
retire Indebtedness to the extent such Indebtedness is secured by Liens on the subject property; it being understood that the term “Net Cash Proceeds” shall include, as and when received, any cash received upon the sale or other
disposition of any non-cash consideration received by any Credit Party in respect of any of the foregoing events. 

“Nonconsenting Lender” means any Lender that does not approve a consent, waiver or amendment to any Credit Document
requested by the Borrower or the Administrative Agent and that requires the approval of all Lenders (or all Lenders directly affected thereby) under Section 10.5 when the Required Lenders have agreed to such consent, waiver or amendment.

 “Non-Wholly-Owned Subsidiary” has the meaning given to such term in Section 7.11. 

“Notes” means any or all of the Dollar Notes, the Multicurrency Notes and the Swingline Note. 

“Notice of Borrowing” has the meaning given to such term in Section 2.2(b). 

“Notice of Conversion/Continuation” has the meaning given to such term in Section 2.11(b). 

 

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 “Notice of Swingline Borrowing” has the meaning given to such term in
Section 2.2(d). 
 “Obligations” means all principal of and interest (including interest accruing
after the filing of a petition or commencement of a case by or with respect to the Borrower seeking relief under any applicable federal and state laws pertaining to bankruptcy, reorganization, arrangement, moratorium, readjustment of debts,
dissolution, liquidation or other debtor relief, specifically including, without limitation, the Bankruptcy Code and any fraudulent transfer and fraudulent conveyance laws, whether or not the claim for such interest is allowed in such proceeding) on
the Loans and Reimbursement Obligations, and all fees, expenses, indemnities and other obligations owing, due or payable at any time by the Borrower or any Subsidiary Guarantor to the Administrative Agent, any Lender, the Swingline Lender, the
Issuing Lender or any other Person entitled thereto, under this Agreement or any of the other Credit Documents, and all payment and other obligations owing or payable at any time by the Borrower to any Hedge Party under or in connection with any
Hedge Agreement to fix or limit interest rates payable by the Borrower in respect of any Loans, in each case whether direct or indirect, joint or several, absolute or contingent, matured or unmatured, liquidated or unliquidated, secured or
unsecured, and whether existing by contract, operation of law or otherwise. 
 “OFAC” means the U.S. Department
of the Treasury’s Office of Foreign Assets Control, and any successor thereto. 
 “Other Taxes” means all
present or future stamp or documentary taxes or any other excise or property taxes, charges or similar levies arising from any payment made hereunder or under any other Credit Document or from the execution, delivery or enforcement of, or otherwise
with respect to, this Agreement or any other Credit Document. 
 “Participant” has the meaning given to such
term in Section 10.6(d). 
 “PATRIOT Act” means the Uniting and Strengthening America by Providing
Appropriate Tools Required to Intercept and Obstruct Terrorism (USA PATRIOT Act of 2001), as amended from time to time, and any successor statute, and all rules and regulations from time to time promulgated thereunder. 

“Payment Office” means the office of the Administrative Agent or the Multicurrency Agent designated on
Schedule 1.1(a) under the heading “Instructions for wire transfers to the Administrative Agent,” or such other office as the Administrative Agent or the Multicurrency Agent may designate to the Lenders and the Borrower for such
purpose from time to time. 
 “PBGC” means the Pension Benefit Guaranty Corporation established pursuant to
Subtitle A of Title IV of ERISA, and any successor thereto. 
 “Permitted Acquisition” means any Acquisition
permitted to be consummated pursuant to the terms in Section 7.5. 
 “Permitted Asset Disposition”
means any Asset Disposition permitted under Section 7.4(iv). 
 “Permitted Liens” has the meaning
given to such term in Section 7.3. 
  

 20 

 “Person” means any natural person, corporation, limited liability company,
trust, joint venture, association, company, partnership, Governmental Authority, Self-Regulatory Organization or other entity. 

“Plan” means any “employee pension benefit plan” within the meaning of Section 3(2) of ERISA that is
subject to the provisions of Title IV of ERISA (other than a Multiemployer Plan) and to which the Borrower or any ERISA Affiliate may have any liability. 

“PPA 2006 Effective Date” means, with respect to any Plan, except as hereinafter provided, the first day of the first
plan year beginning on or after January 1, 2008. However, solely with respect to a Plan maintained pursuant to one or more collective bargaining agreements between employee representatives and one or more employers ratified before
January 1, 2008, such term means the first day of the first plan year beginning on or after the earlier of (A) and (B), where: (A) is the later of (x) the date on which the last collective bargaining agreement relating to the
Plan terminates (determined without regard to any extension thereof agreed to after August 17, 2006), or (y) the first day of the first plan year beginning on or after January 1, 2008; and (B) is January 1, 2010. 

“Pro Forma Basis” has the meaning given to such term in Section 1.3(c). 

“Prohibited Transaction” means any transaction described in (i) Section 406 of ERISA that is not exempt by
reason of Section 408 of ERISA or by reason of a Department of Labor prohibited transaction individual or class exemption or (ii) Section 4975(c) of the Code that is not exempt by reason of Section 4975(c)(2) or 4975(d) of the Code.

 “Projections” has the meaning given to such term in Section 4.11(b). 

“Realty” means all real property and interests in real property now or hereafter acquired or leased by any Credit Party.

 “Reference Period” with respect to any date of determination, means (except as may be otherwise expressly
provided herein) the period of twelve consecutive fiscal months of the Borrower immediately preceding such date or, if such date is the last day of a fiscal quarter, the period of four consecutive fiscal quarters ending on such date. 

“Refunded Swingline Loans” has the meaning given to such term in Section 2.2(e). 

“Register” has the meaning given to such term in Section 10.6(c). 

“Regulations T, U and X” means Regulations T, U and X, respectively, of the Federal Reserve Board, and any successor
regulations. 
 “Reimbursement Obligation” has the meaning given to such term in Section 2.19(d).

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

 21 

 “Reportable Event” means, with respect to any Plan, (i) any
“reportable event” within the meaning of Section 4043(c) of ERISA for which the 30-day notice under Section 4043(a) of ERISA has not been waived by the PBGC (including, without limitation, any failure to meet the minimum funding
standard of, or timely make any required installment under, Section 412 of the Code or Section 302 of ERISA, regardless of the issuance of any waivers in accordance with Section 412(d) of the Code), (ii) any such “reportable
event” subject to advance notice to the PBGC under Section 4043(b)(3) of ERISA, (iii) any application for a funding waiver or an extension of any amortization period pursuant to Section 412 of the Code, and (iv) a cessation
of operations described in Section 4062(e) of ERISA. 
 “Required Lenders” means, at any time, the
Revolving Credit Lenders holding outstanding Revolving Loans and Unutilized Commitments (or, after the termination of the Commitments, outstanding Revolving Loans, Letter of Credit Exposure and Swingline Exposure) representing at least a majority of
the aggregate, at such time, of all outstanding Revolving Loans and Unutilized Commitments (or, after the termination of the Commitments, the aggregate at such time of all outstanding Revolving Loans, Letter of Credit Exposure and Swingline
Exposure), provided that the Commitment of, and the portion of the outstanding Revolving Loans and other Revolving Credit Exposure held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of
Required Lenders. The Required Lenders of a Class (which shall include the terms “Required Dollar Lenders” and “Required Multicurrency Lenders”) means Lenders having Revolving Credit Exposures and unused Commitments
of such Class representing more than 50% of the sum of the total Revolving Credit Exposures and unused Commitments of such Class at such time. 

“Requirement of Law” means, with respect to any Person, the charter, articles or certificate of organization or
incorporation and bylaws or other organizational or governing documents of such Person, and any statute, law, treaty, rule, regulation, order, decree, writ, injunction or determination of any arbitrator or court or other Governmental Authority or
any Self-Regulatory Organization, 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 or otherwise pertaining to any or all of the transactions contemplated by this
Agreement and the other Credit Documents. 
 “Reserve Requirement” means, with respect to
any Interest Period, the reserve percentage (expressed as a decimal and rounded upwards, if necessary, to the next higher
1/100th of 1%) in effect from time to time during such
Interest Period, as provided by the Federal Reserve Board, applied for determining the maximum reserve requirements (including, without limitation, basic, supplemental, marginal and emergency reserves) applicable to Wells Fargo under Regulation D
with respect to “Eurocurrency liabilities” within the meaning of Regulation D, or under any similar or successor regulation with respect to Eurocurrency liabilities or Eurocurrency funding. 

“Responsible Officer” means, with respect to any Credit Party, the president, the chief executive officer, the chief
financial officer, any executive officer, or any other Financial Officer of such Credit Party, and any other officer or similar official thereof responsible for the administration of the obligations of such Credit Party in respect of this Agreement
or any other Credit Document. 
  

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 “Revaluation Date” means with respect to any Multicurrency Loan, each of
the following: (i) each date of a Borrowing of a LIBOR Loan denominated in a Foreign Currency, (ii) each date of a continuation of a LIBOR Loan denominated in a Foreign Currency, and (iii) such additional dates as the Administrative
Agent shall reasonably determine or the Required Multicurrency Lenders shall reasonably require. 
 “Revolving Credit
Exposure” means, with respect to any Revolving Credit Lender at any time, the sum of (i) the aggregate principal Dollar Amount of all Revolving Loans made by such Lender that are outstanding at such time, (ii) such Lender’s
Swingline Exposure at such time and (iii) such Lender’s Letter of Credit Exposure at such time. 
 “Revolving
Dollar Credit Exposure” means, with respect to any Dollar Lender at any time, the sum of (i) the aggregate principal amount of all Dollar Loans made by such Lender that are outstanding at such time, (ii) such Lender’s
Swingline Exposure at such time and (iii) such Lender’s Letter of Credit Exposure at such time. 
 “Revolving
Credit Lenders” means, collectively, the Dollar Lenders and the Multicurrency Lenders. 
 “Revolving
Loans” means, collectively, the Dollar Loans and the Multicurrency Loans. 
 “Sanctioned Country”
means a country subject to a sanctions program identified on the list maintained by OFAC and available at http://www.treas.gov/offices/enforcement/ofac/-sanctions/index.html, or as otherwise published from time to time. 

“Sanctioned Person” means (i) a Person named on the list of Specially Designated Nationals or Blocked Persons
maintained by OFAC available at http://www.treas.gov/-offices/enforcement/ofac/sdn/index.html, or as otherwise published from time to time, or (ii) (A) an agency of the government of a Sanctioned Country, (B) an organization
controlled by a Sanctioned Country, or (C) a Person resident in a Sanctioned Country, to the extent subject to a sanctions program administered by OFAC. 

“Self Regulatory Organization” means any U.S. or foreign commission, board, agency or body that is not a Governmental
Authority, but is charged with the supervision or regulation of brokers, dealers, securities underwriting or trading, stock exchanges, commodities exchanges, electronic communication networks, insurance companies or agents, investment companies or
investment advisors. 
 “Spot Rate” for a Currency means the rate determined by the Administrative Agent to be
the rate quoted as the spot rate for the purchase 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 if such spot rate is not available, the “Spot Rate” shall be determined by reference to a publically available service for displaying exchange rates as may be agreed upon by the
Administrative Agent and the Borrower, or, in the absence of such an agreement, the Administrative Agent may use any reasonable method it deems appropriate to determine such spot rate, and such determination shall be conclusive absent manifest
error. 
  

 23 

 “Stated Amount” means, with respect to any Letter of Credit at any time,
the aggregate amount available to be drawn thereunder at such time (regardless of whether any conditions for drawing could then be met). 

“Sterling” or “£” means the lawful money of the United Kingdom. 

“Subsidiary” means, with respect to any Person, any corporation or other Person of which more than fifty percent
(50%) of the outstanding Capital Stock having ordinary voting power to elect a majority of the board of directors, board of managers or other governing body of such Person, is at the time, directly or indirectly, owned or controlled by such
Person and one or more of its other Subsidiaries or a combination thereof (irrespective of whether, at the time, securities of any other class or classes of any such corporation or other Person shall or might have voting power by reason of the
happening of any contingency). When used without reference to a parent entity, the term “Subsidiary” shall be deemed to refer to a Subsidiary of the Borrower. 

“Subsidiary Guarantor” means any Guarantor that is a Subsidiary of the Borrower. 

“Swingline Commitment” means $50,000,000, or, if less, the aggregate Dollar Commitments at the time of determination, as
such amount may be reduced at or prior to such time pursuant to the terms hereof. 
 “Swingline Exposure”
means, with respect to any Dollar Lender at any time, its maximum aggregate liability to make Refunded Swingline Loans pursuant to Section 2.2(e) to refund, or to purchase participations pursuant to Section 2.2(f) in,
Swingline Loans that are outstanding at such time. 
 “Swingline Lender” means Wells Fargo in its capacity as
maker of Swingline Loans, and its successors in such capacity. 
 “Swingline Loans” has the meaning given to
such term in Section 2.1(c). 
 “Swingline Maturity Date” means the day which is 30 days prior to
the Maturity Date. 
 “Swingline Note” means, if requested by the Swingline Lender, the promissory note of the
Borrower in favor of the Swingline Lender evidencing the Swingline Loans made by the Swingline Lender pursuant to Section 2.1(c), in substantially the form of Exhibit A-3, together with any amendments, modifications and
supplements thereto, substitutions therefor and restatements thereof. 
 “Syndication Agent” means Bank of
America, N.A., and its successors in its capacity as syndication agent. 
 “Taxes” means all present or future
taxes, levies, imposts, duties, deductions, withholdings, assessments, fees or other charges imposed by any Governmental Authority, including any interest, additions to tax or penalties applicable thereto. 

“Terminating Liquidity Facility” has the meaning set forth in Section 3.1(e). 

 

 24 

 “Termination Date” means the Maturity Date or such earlier date of
termination of the Commitments pursuant to Section 2.5 or Section 8.2. 
 “The Clearing
Corporation” means The Clearing Corporation, a Delaware corporation and a Subsidiary of the Borrower. 
 “Total
Funded Debt” means, as of any date of determination, the aggregate principal amount of all Indebtedness of the Borrower and its Subsidiaries as of such date, determined on a consolidated basis in accordance with GAAP. 

“Total Leverage Ratio” means, as of the last day of any Reference Period ending on the last day of a fiscal quarter, the
ratio of (i) Total Funded Debt as of such date to (ii) Consolidated EBITDA for such Reference Period. 

“Total Voting Power” means, with respect to any Person, the total number of votes which may be cast in the election of
directors of such Person at any meeting of stockholders of such Person if all securities entitled to vote in the election of directors of such Person (on a fully diluted basis, assuming the exercise, conversion or exchange of all rights, warrants,
options and securities exercisable for, exchangeable for or convertible into, such voting securities) were present and voted at such meeting (other than votes that may be cast only upon the happening of a contingency). 

“Type” has the meaning given to such term in Section 2.2(a). 

“Unfunded Pension Liability” means, with respect to any Plan, the excess of its benefit liabilities under
Section 4001(a)(16) of ERISA over the current value of its assets, determined in accordance with the applicable assumptions used for funding under Section 412 of the Code for the applicable plan year. 

“Unutilized Commitment” means, with respect to any Revolving Credit Lender at any time, such Lender’s Unutilized
Dollar Commitment or Unutilized Multicurrency Commitment, as the context may require. 
 “Unutilized Dollar
Commitment” means, with respect to any Dollar Lender at any time, such Lender’s Dollar Commitment at such time less the sum of (i) the aggregate principal amount of all Dollar Loans made by such Lender that are
outstanding at such time, (ii) such Lender’s Swingline Exposure at such time and (iii) such Lender’s Letter of Credit Exposure at such time. 

“Unutilized Multicurrency Commitment” means, with respect to any Multicurrency Lender at any time, such Lender’s
Multicurrency Commitment at such time less the sum of the aggregate principal amount of all Multicurrency Loans made by such Lender that are outstanding at such time. 

“Unutilized Swingline Commitment” means, with respect to the Swingline Lender at any time, the Swingline Commitment at
such time less the aggregate principal amount of all Swingline Loans that are outstanding at such time. 
  

 25 

 “Wells Fargo” means Wells Fargo Bank, National Association (successor by
merger to Wachovia Bank, National Association), and its successors and assigns. 
 “Wells Fargo Fee Letter”
means the letter from Wells Fargo and Wells Fargo Securities, LLC, to the Borrower, dated February 11, 2010, relating to certain fees payable by the Borrower in respect of the transactions contemplated by this Agreement, as amended, modified,
restated or supplemented from time to time. 
 “Wholly-Owned” means, with respect to any Subsidiary of any
Person, that 100% of the outstanding Capital Stock of such Subsidiary (excluding any directors’ qualifying shares and shares required to be held by foreign nationals, in the case of a Foreign Subsidiary) is owned, directly or indirectly, by
such Person. 
 1.2 Accounting Terms. Unless otherwise specified herein, all accounting terms used herein shall be
interpreted, all accounting determinations hereunder shall be made, and all financial statements required to be delivered hereunder shall be prepared in accordance with, GAAP applied on a basis consistent with the most recent audited consolidated
financial statements of the Borrower and its Subsidiaries delivered to the Lenders prior to the Closing Date; provided that if the Borrower notifies the Administrative Agent that it wishes to amend any financial covenant in Article VI
to eliminate the effect of any change in GAAP on the operation of such covenant (or if the Administrative Agent notifies the Borrower that the Required Lenders wish to amend Article VI for such purpose), then the Borrower’s
compliance with such covenant shall be determined on the basis of GAAP as in effect immediately before the relevant change in GAAP became effective, until either such notice is withdrawn or such covenant is amended in a manner satisfactory to the
Borrower and the Required Lenders. 
 1.3 Other Terms; Construction. 

(a) The definitions of terms herein shall apply equally to the singular and plural forms of the terms defined. Whenever the context may
require, any pronoun shall include the corresponding masculine, feminine and neuter forms. The words “include,” “includes” and “including” shall be deemed to be followed by the phrase “without
limitation.” The word “will” shall be construed to have the same meaning and effect as the word “shall.” Unless the context requires otherwise, (i) any definition of or reference to any agreement,
instrument or other document shall be construed as referring to such agreement, instrument or other document as from time to time amended, supplemented, restated or otherwise modified (subject to any restrictions on such amendments, supplements,
restatements or modifications set forth herein or in any other Credit Document), (ii) any reference herein to any Person shall be construed to include such Person’s successors and assigns permitted hereunder, (iii) the words
“herein,” “hereof” and “hereunder,” and words of similar import when used in any Credit Document, shall be construed to refer to such Credit Document in its entirety and not to any particular
provision thereof, (iv) all references in a Credit Document to Articles, Sections, Exhibits and Schedules shall be construed to refer to Articles and Sections of, and Exhibits and Schedules to, the Credit Document in which such references
appear, (v) any reference to any law or regulation herein shall, unless otherwise specified, refer to such law or regulation as amended, modified or supplemented from time to time, and (vi) 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, securities, accounts and contract rights. 

 

 26 

 (b) All references herein to the Lenders or any of them shall be deemed to include the
Swingline Lender and the Issuing Lender unless specifically provided otherwise or unless the context otherwise requires. 
 (c)
Notwithstanding the foregoing, calculations to determine compliance by the Borrower for any period with the Total Leverage Ratio covenant as set forth in Article VI, and calculations of the financial covenants contained in
Article VI to determine whether a condition to a Permitted Acquisition, Permitted Asset Disposition, permitted incurrence of Indebtedness or other transaction has been met, shall be determined in each case on a pro forma basis (a
“Pro Forma Basis”) after giving effect to any Acquisition, Asset Disposition, incurrence of Indebtedness or other transaction (each, a “transaction”) occurring during such period (or proposed to be consummated, as
the case may be) as if such transaction had occurred as of the first day of such period, in accordance with the following: 

(i) any Indebtedness incurred or assumed by any Credit Party in connection with any transaction (including any
Indebtedness of a Person acquired in a Permitted Acquisition that is not retired or repaid in connection therewith) shall be deemed to have been incurred or assumed as of the first day of the applicable period (and if such Indebtedness has a
floating or formula rate, such Indebtedness shall, for purposes of such determination, have an implied rate of interest during the applicable period determined by utilizing the rate of interest that is or would be in effect with respect to such
Indebtedness as of the date of determination); 
 (ii) any Indebtedness retired or repaid in connection with any
transaction (including any Indebtedness of a Person acquired in a Permitted Acquisition) shall be deemed to have been retired or repaid as of the first day of the applicable period; 

(iii) with respect to any Permitted Acquisition, (A) income statement items (whether positive or negative), cash flow
statements (as they relate to Capital Expenditures and Capitalized Software Development Costs) and balance sheet items attributable to the Person or assets acquired shall (to the extent not otherwise included in the consolidated financial statements
of the Borrower and its Subsidiaries in accordance with GAAP or in accordance with other provisions of this Agreement) be included in such calculations to the extent relating to the applicable period, provided that such income statement, cash
flow statement and balance sheet items are reflected in financial statements or other financial data reasonably acceptable to the Administrative Agent, and (B) operating expense reductions, cost savings and other pro forma adjustments
attributable to such Permitted Acquisition may be included to the extent that such adjustments (y) would be permitted pursuant to Article XI of Regulation S-X under the Securities Act (irrespective of whether the Borrower is subject
thereto) or (z) have been approved in writing by the Administrative Agent; and 
  

 27 

 (iv) with respect to any Permitted Asset Disposition, income statement items
(whether positive or negative) and balance sheet items attributable to the assets disposed of shall be excluded from such calculations to the extent relating to the applicable period. 

1.4 Currency Equivalents Generally. 

(a) The Administrative Agent shall determine the Spot Rates as of each Revaluation Date to be used for calculating Dollar Amounts of
amounts denominated in Foreign Currencies and shall deliver notice of such determination to the Borrower, provided that the failure of the Administrative Agent to provide the Borrower with any such notice shall neither affect any obligations
of the Borrower hereunder or the applicability of the Spot Rate as so determined nor result in any liability on the part of the Administrative Agent to the Borrower. Such Spot Rates shall become effective as of such Revaluation Date and shall be the
Spot Rates employed in converting any amounts between the applicable Currencies until the next Revaluation Date to occur. Except for purposes of financial statements delivered by the Borrower hereunder or calculating financial ratios hereunder or
except as otherwise provided herein, the applicable amount of any Currency (other than Dollars) for purposes of the Credit Documents shall be such Dollar Amount as so determined by the Administrative Agent in accordance with this Agreement.

 (b) Wherever in this Agreement in connection with a Borrowing, conversion, continuation or prepayment of a LIBOR Loan, an
amount, such as a required minimum or multiple amount, is expressed in Dollars, but such Borrowing or LIBOR Loan is denominated in a Foreign Currency, such amount shall be the relevant Foreign Currency Equivalent of such Dollar Amount (rounded to
the nearest unit of such Foreign Currency), as determined by the Administrative Agent. 
 1.5 Redenomination of Certain
Foreign Currencies. 
 (a) Each obligation of any party to this Agreement 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 (in accordance with the EMU Legislation). 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 Borrowing in the currency of such
member state is outstanding immediately prior to such date, such replacement shall take effect, with respect to such Borrowing, at the end of the then current Interest Period. 

(b) Without prejudice and in addition to any method of conversion or rounding prescribed by any EMU Legislation and (i) without
limiting the liability of the Borrower for any amount due under this Agreement and (ii) without increasing any commitment of any Lender, all references in this Agreement to minimum amounts (or integral multiples thereof) 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, immediately upon such adoption, be replaced by references to such minimum amounts (or integral multiples
thereof) as shall be specified herein with respect to Borrowings denominated in Euro. 
  

 28 

 (c) Each provision of this Agreement shall be subject to such reasonable changes of
construction as the Administrative Agent may from time to time specify to be appropriate to reflect the adoption of the Euro by any member state of the European Union and any relevant market conventions or practices relating to the Euro. 

ARTICLE II 

AMOUNT AND TERMS OF THE LOANS 

2.1 Commitments. 

(a) Each Dollar Lender severally agrees, subject to and on the terms and conditions of this Agreement, to make Dollar Loans to the
Borrower, from time to time on any Business Day during the period from and including the Closing Date to but excluding the Termination Date, in an aggregate principal amount at any time outstanding not exceeding its Dollar Commitment,
provided that no Borrowing of Dollar Loans shall be made if, immediately after giving effect thereto (and to any concurrent repayment of Swingline Loans with proceeds of Dollar Loans made pursuant to such Borrowing), (y) the Revolving
Dollar Credit Exposure of any Dollar Lender would exceed its Dollar Commitment at such time or (z) the Aggregate Revolving Dollar Credit Exposure would exceed the aggregate Dollar Commitments at such time. Subject to and on the terms and
conditions of this Agreement, the Borrower may borrow, repay and reborrow Dollar Loans. 
 (b) Each Multicurrency Lender
severally agrees, subject to and on the terms and conditions of this Agreement, to make Multicurrency Loans to the Borrower, from time to time on any Business Day during the period from and including the Closing Date to but excluding the Termination
Date, in an aggregate principal amount at any time outstanding not exceeding its Multicurrency Commitment, provided that no Borrowing of Multicurrency Loans shall be made if, immediately after giving effect thereto, (y) the Dollar Amount
of Multicurrency Loans of any Multicurrency Lender would exceed its Multicurrency Commitment at such time or (z) the Dollar Amount of the aggregate outstanding Multicurrency Loans would exceed the aggregate Multicurrency Commitments at such
time. Subject to and on the terms and conditions of this Agreement, the Borrower may borrow, repay and reborrow Multicurrency Loans. 

(c) The Swingline Lender agrees, subject to and on the terms and conditions of this Agreement, to make loans in Dollars (each, a
“Swingline Loan,” and collectively, the “Swingline Loans”) to the Borrower under the Dollar Commitments, from time to time on any Business Day during the period from the Closing Date to but excluding the Swingline
Maturity Date (or, if earlier, the Termination Date), in an aggregate principal amount at any time outstanding not exceeding the Swingline Commitment. Swingline Loans may be made even if the aggregate principal amount of Swingline Loans outstanding
at any time, when added to the aggregate principal amount of the Dollar Loans made by the Swingline Lender in its capacity as a Dollar Lender outstanding at such time, would exceed the Swingline Lender’s own Dollar Commitment at such time, but
provided that no Borrowing of Swingline Loans shall be made if, immediately 
  

 29 

 
after giving effect thereto, (x) the Revolving Dollar Credit Exposure of any Dollar Lender would exceed its Dollar Commitment at such time, (y) the Aggregate Revolving Dollar Credit
Exposure would exceed the aggregate Dollar Commitments at such time or (z) any Lender is at such time a Defaulting Lender hereunder, unless the aggregate Swingline Exposure of such Lender has been reallocated pursuant to
Section 2.21(c)(i) and any amount not reallocated has been cash collateralized pursuant to Section 2.21(c)(ii) or the Swingline Lender has entered into other satisfactory arrangements with the Borrower or such Lender to
eliminate the Swingline Lender’s risk with respect to such Lender. Subject to and on the terms and conditions of this Agreement, the Borrower may borrow, repay (including by means of a Borrowing of Dollar Loans pursuant to
Section 2.2(e)) and reborrow Swingline Loans. 
 2.2 Borrowings. 

(a) The Dollar Loans and Multicurrency Loans denominated in Dollars shall, at the option of the Borrower and subject to the terms and
conditions of this Agreement, be either Base Rate Loans or LIBOR Loans (each, a “Type” of Revolving Loan). The Multicurrency Loans denominated in a Foreign Currency shall be made and maintained as LIBOR Loans at all times. All
Revolving Loans comprising the same Borrowing shall, unless otherwise specifically provided herein, be of the same Type and Currency. The Swingline Loans shall be made and maintained as LIBOR Market Index Rate Loans at all times. 

(b) In order to make a Borrowing (other than (w) Borrowings of Swingline Loans, which shall be made pursuant to
Section 2.2(d), (x) Borrowings for the purpose of repaying Refunded Swingline Loans, which shall be made pursuant to Section 2.2(e), (y) Borrowings for the purpose of satisfying a Reimbursement Obligation of the
Borrower, which shall be made pursuant to Section 2.19(e), and (z) Borrowings involving continuations or conversions of outstanding Revolving Loans, which shall be made pursuant to Section 2.11), (i) the Borrower
will give the Administrative Agent written notice not later than 11:00 a.m., Charlotte, North Carolina time, three (3) Business Days prior to each Borrowing of Dollar Loans or Multicurrency Loans denominated in Dollars to be comprised of LIBOR
Loans and not later than 10:00 a.m., Charlotte, North Carolina time, on the Business Day of any Borrowing of Dollar Loans or Multicurrency Loans denominated in Dollars to be comprised of Base Rate Loans, and (ii) the Borrower will give the
Administrative Agent written notice not later than 10:00 a.m., Charlotte, North Carolina time, four (4) Business Days prior to each Borrowing of Multicurrency Loans denominated in a Foreign Currency; provided, however, that
requests for the Borrowing of any Revolving Loans to be made on the Closing Date may, at the discretion of the Administrative Agent, be given with less advance notice than as specified hereinabove. Each such notice (each, a “Notice of
Borrowing”) shall be irrevocable, shall be given in the form of Exhibit B-1 and shall specify (1) the aggregate principal amount, Currency, Class and initial Type of the Revolving Loans to be made pursuant to such
Borrowing, (2) in the case of a Borrowing of LIBOR Loans, the initial Interest Period to be applicable thereto, and (3) the requested Borrowing Date, which shall be a Business Day. Upon its receipt of a Notice of Borrowing, the
Administrative Agent will promptly notify each applicable Lender of the proposed Borrowing. Notwithstanding anything to the contrary contained herein: 

(i) except for a Borrowing with respect to a Refunded Swingline Loan in accordance with Section 2.2(e) and
Borrowings to satisfy a Reimbursement Obligation of 
  

 30 

 
the Borrower in accordance with Section 2.19(e), the aggregate principal amount of each Borrowing comprised of Base Rate Loans shall not be less than $3,000,000 or, if greater, an
integral multiple of $1,000,000 in excess thereof (or, if less, in the amount of the aggregate Unutilized Commitments with respect to the applicable Class), and the aggregate principal amount of each Borrowing comprised of LIBOR Loans shall not be
less than $5,000,000 or, if greater, an integral multiple of $1,000,000 in excess thereof (or, if less, in the amount of the aggregate Unutilized Commitments with respect to the applicable Class); 

(ii) to the extent practicable and not in violation of the minimum borrowing requirements hereunder, all Borrowings of
Revolving Loans denominated in Dollars shall be made such that, after giving effect to each Borrowing thereof, the percentage that the aggregate outstanding Dollar Loans and Multicurrency Loans denominated in Dollars bear to the aggregate
outstanding Revolving Loans denominated in Dollars shall equal the Applicable Commitment Percentage for Dollar Commitments and Multicurrency Commitments, respectively, provided that, notwithstanding the foregoing, the Borrower may alter the balance
of Revolving Loans denominated in Dollars between Dollar Loans and Multicurrency Loans as aforesaid described (through, by way of example, the use of the proceeds from a Borrowing of Dollar Loans to pay down outstanding Multicurrency Loans
denominated in Dollars), in order to facilitate the borrowing of Multicurrency Loans denominated in a Foreign Currency, so that, for the avoidance of doubt, the Borrower may alter the balance of Revolving Loans denominated in Dollars between Dollar
Loans and Multicurrency Loans as aforesaid described, to allow for Borrowings of Multicurrency Loans denominated in a Foreign Currency up to a Foreign Currency Equivalent of $150,000,000 so long as all conditions to a Borrowing hereunder can be
satisfied and such alteration does not have the effect of causing the Dollar Amount of all outstanding Revolving Loans to exceed the Aggregate Commitments or the Aggregate Revolving Dollar Credit Exposure to exceed the aggregate Dollar Commitments;

 (iii) if the Borrower shall have failed to designate the Type of Dollar Loans or Multicurrency Loans
denominated in Dollars comprising a Borrowing, the Borrower shall be deemed to have requested a Borrowing comprised of Base Rate Loans; and 

(iv) if the Borrower shall have failed to select the duration of the Interest Period to be applicable to any Borrowing of
LIBOR Loans, then the Borrower shall be deemed to have selected an Interest Period with a duration of one month. 
 (c) Not
later than 1:00 p.m., Local Time, on the requested Borrowing Date, each applicable Lender will make available to the Administrative Agent at its Payment Office an amount, in the applicable Currency and in immediately available funds, equal to the
amount of the Revolving Loan or Revolving Loans to be made by such Lender. To the extent such Lenders have made such amounts available to the Administrative Agent as provided hereinabove, the Administrative Agent will make the aggregate of such
amounts available to the Borrower in accordance with Section 2.3(a) and in like funds as received by the Administrative Agent. 

(d) In order to make a Borrowing of a Swingline Loan, the Borrower will give the Administrative Agent (and the Swingline Lender, if the
Swingline Lender is not also the 
  

 31 

 
Administrative Agent) written notice not later than 11:00 a.m., Charlotte, North Carolina time, on the date of such Borrowing. Each such notice (each, a “Notice of Swingline
Borrowing”) shall be given in the form of Exhibit B-2, shall be irrevocable and shall specify (i) the principal amount of the Swingline Loan to be made pursuant to such Borrowing (which shall not be less than $100,000 and,
if greater, shall be in an integral multiple of $100,000 in excess thereof (or, if less, in the amount of the Unutilized Swingline Commitment)) and (ii) the requested Borrowing Date, which shall be a Business Day. Not later than 1:00 p.m.,
Charlotte, North Carolina time, on the requested Borrowing Date, the Swingline Lender will make available to the Administrative Agent at its Payment Office an amount, in Dollars and in immediately available funds, equal to the amount of the
requested Swingline Loan. To the extent the Swingline Lender has made such amount available to the Administrative Agent as provided hereinabove, the Administrative Agent will make such amount available to the Borrower in accordance with
Section 2.3(a) and in like funds as received by the Administrative Agent. 
 (e) With respect to any outstanding
Swingline Loans, the Swingline Lender may at any time (whether or not an Event of Default has occurred and is continuing) in its sole and absolute discretion, and is hereby authorized and empowered by the Borrower to, cause a Borrowing of Dollar
Loans to be made for the purpose of repaying such Swingline Loans by delivering to the Administrative Agent (if the Administrative Agent is not also the Swingline Lender) and each other Dollar Lender (on behalf of, and with a copy to, the Borrower),
not later than 10:00 a.m., Charlotte, North Carolina time on the Business Day of the proposed Borrowing Date therefor, a notice (which shall be deemed to be a Notice of Borrowing given by the Borrower) requesting the Dollar Lenders to make Dollar
Loans (which shall be made initially as Base Rate Loans) on such Borrowing Date in an aggregate amount equal to the amount of such Swingline Loans (the “Refunded Swingline Loans”) outstanding on the date such notice is given that
the Swingline Lender requests to be repaid. Not later than 1:00 p.m., Charlotte, North Carolina time, on the requested Borrowing Date, each Dollar Lender (other than the Swingline Lender) will make available to the Administrative Agent at its
Payment Office an amount, in Dollars and in immediately available funds, equal to the amount of the Dollar Loan to be made by such Lender. To the extent the Dollar Lenders have made such amounts available to the Administrative Agent as provided
hereinabove, the Administrative Agent will make the aggregate of such amounts available to the Swingline Lender in like funds as received by the Administrative Agent, which shall apply such amounts in repayment of the Refunded Swingline Loans.
Notwithstanding any provision of this Agreement to the contrary, on the relevant Borrowing Date, the Refunded Swingline Loans (including the Swingline Lender’s ratable share thereof, in its capacity as a Dollar Lender) shall be deemed to be
repaid with the proceeds of the Dollar Loans made as provided above (including a Dollar Loan deemed to have been made by the Swingline Lender), and such Refunded Swingline Loans deemed to be so repaid shall no longer be outstanding as Swingline
Loans but shall be outstanding as Dollar Loans. If any portion of any such amount repaid (or deemed to be repaid) to the Swingline Lender shall be recovered by or on behalf of the Borrower from the Swingline Lender in any bankruptcy, insolvency or
similar proceeding or otherwise, the loss of the amount so recovered shall be shared ratably among all the Dollar Lenders in the manner contemplated by Section 2.14(b). 

(f) If, as a result of any Bankruptcy Event with respect to the Borrower, Dollar Loans are not made pursuant to
Section 2.2(e) in an amount sufficient to repay any amounts owed to the Swingline Lender in respect of any outstanding Swingline Loans, or if the Swingline Lender 

 

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is otherwise precluded for any reason from giving a notice on behalf of the Borrower as provided for hereinabove, the Swingline Lender shall be deemed to have sold without recourse,
representation or warranty, and each Dollar Lender shall be deemed to have purchased and hereby agrees to purchase, a participation in such outstanding Swingline Loans in an amount equal to its ratable share (based on the proportion that its Dollar
Commitment bears to the aggregate Dollar Commitments at such time, or if the Dollar Commitments have been terminated, based on the proportion that its Dollar Commitment bears to the aggregate Dollar Commitments, in each case immediately prior to the
termination thereof) of the unpaid amount thereof together with accrued interest thereon. Upon one (1) Business Day’s prior notice from the Swingline Lender, each Dollar Lender (other than the Swingline Lender) will make available to the
Administrative Agent at its Payment Office an amount, in Dollars and in immediately available funds, equal to its respective participation. To the extent the Dollar Lenders have made such amounts available to the Administrative Agent as provided
hereinabove, the Administrative Agent will make the aggregate of such amounts available to the Swingline Lender in like funds as received by the Administrative Agent. In the event any such Dollar Lender fails to make available to the Administrative
Agent the amount of such Lender’s participation as provided in this Section 2.2(f), the Swingline Lender shall be entitled to recover such amount on demand from such Dollar Lender, together with interest thereon for each day from
the date such amount is required to be made available for the account of the Swingline Lender until the date such amount is made available to the Swingline Lender at the Federal Funds Rate for the first three (3) Business Days and thereafter at
the Adjusted Base Rate. Promptly following its receipt of any payment by or on behalf of the Borrower in respect of a Swingline Loan, the Swingline Lender will pay to each Dollar Lender that has acquired a participation therein such Lender’s
ratable share of such payment. 
 (g) Notwithstanding any provision of this Agreement to the contrary, the obligation of each
Dollar Lender (other than the Swingline Lender) to make Dollar Loans for the purpose of repaying any Refunded Swingline Loans pursuant to Section 2.2(e) and each such Dollar Lender’s obligation to purchase a participation in any
unpaid Swingline Loans pursuant to Section 2.2(f) shall be absolute and unconditional and shall not be affected by any circumstance or event whatsoever, including, without limitation, (i) any set-off, counterclaim, recoupment,
defense or other right that such Dollar Lender may have against the Swingline Lender, the Administrative Agent, the Borrower or any other Person for any reason whatsoever, (ii) the occurrence or continuance of any Default or Event of Default,
(iii) the failure of the amount of such Borrowing of Dollar Loans to meet the minimum Borrowing amount specified in Section 2.2(b), or (iv) the failure of any conditions set forth in Section 3.2 or elsewhere herein
to be satisfied. 
 2.3 Disbursements; Funding Reliance; Domicile of Loans. 

(a) The Borrower hereby authorizes the Administrative Agent to disburse the proceeds of each Borrowing in accordance with the terms of
any written instructions from any Authorized Officer of the Borrower, provided that the Administrative Agent shall not be obligated under any circumstances to forward amounts to any account not listed in an Account Designation Letter. The
Borrower may at any time deliver to the Administrative Agent an Account Designation Letter listing any additional accounts or deleting any accounts listed in a previous Account Designation Letter. 

 

 33 

 (b) Unless the Administrative Agent shall have received notice from a Lender prior to the
proposed date of any Borrowing that such Lender will not make available to the Administrative Agent such Lender’s share of such Borrowing, the Administrative Agent may assume that such Lender has made such share available on such date in
accordance with Section 2.2 and may, in reliance upon such assumption, make available to the Borrower a corresponding amount. In such event, if a Lender has not in fact made its share of the applicable Borrowing available to the
Administrative Agent, then the applicable Lender and the Borrower severally agree to pay to the Administrative Agent forthwith on demand such corresponding amount with interest thereon, for each day from and including the date such amount is made
available to the Borrower to but excluding the date of payment to the Administrative Agent, at (i) in the case of a payment to be made by such Lender, the greater of the Federal Funds Rate and a rate determined by the Administrative Agent in
accordance with banking industry rules on interbank compensation and (ii) in the case of a payment to be made by the Borrower, the Adjusted Base Rate. If the Borrower and such Lender shall pay such interest to the Administrative Agent for the
same or an overlapping period, the Administrative Agent shall promptly remit to the Borrower the amount of such interest paid by the Borrower for such period. If such Lender pays its share of the applicable Borrowing to the Administrative Agent,
then the amount so paid shall constitute such Lender’s Loan included in such Borrowing. Any payment by the Borrower shall be without prejudice to any claim the Borrower may have against a Lender that shall have failed to make such payment to
the Administrative Agent. 
 (c) The obligations of the Lenders hereunder to make Loans, to fund participations in Swingline
Loans and Letters of Credit and to make payments pursuant to Section 10.1(c) are several and not joint. The failure of any Lender to make any Loan, to fund any such participation or to make any such payment on any date shall not relieve
any other Lender of its corresponding obligation, if any, hereunder to do so on such date, but no Lender shall be responsible for the failure of any other Lender to so make its Loan, purchase its participation or to make any such payment required
hereunder. 
 (d) Each Lender may, at its option, make and maintain any Loan at, to or for the account of any of its Lending
Offices, provided that any exercise of such option shall not affect the obligation of the Borrower to repay such Loan to or for the account of such Lender in accordance with the terms of this Agreement. 

2.4 Evidence of Debt; Notes. 

(a) Each Lender shall maintain in accordance with its usual practice an account or accounts evidencing the indebtedness of the Borrower
to the applicable Lending Office of such Lender resulting from each Loan made by such Lending Office of such Lender from time to time, including the amounts of principal and interest payable and paid to such Lending Office of such Lender from time
to time under this Agreement. 
 (b) The Administrative Agent shall maintain the Register pursuant to
Section 10.6(c), and a subaccount for each Lender, in which Register and subaccounts (taken together) shall be recorded (i) the amount of each Loan made by such Lender, the Class, Currency and Type of each such Loan and the Interest
Period, if any, applicable thereto, (ii) the amount of any principal or interest due and payable or to become due and payable from the Borrower to each Lender 

 

 34 

 
hereunder in respect of each such Loan and (iii) the amount of any sum received by the Administrative Agent hereunder from the Borrower in respect of each such Loan and each Lender’s
share thereof. 
 (c) The entries made in the Register and subaccounts maintained pursuant to Section 2.4(b) (and,
if consistent with the entries of the Administrative Agent, the accounts maintained pursuant to Section 2.4(a)) shall, to the extent permitted by applicable law, be conclusive absent manifest error of the existence and amounts of the
obligations of the Borrower therein recorded; provided, however, that the failure of any Lender or the Administrative Agent to maintain such account, such Register or such subaccount, as applicable, or any error therein, shall not in
any manner affect the obligation of the Borrower to repay (with applicable interest) the Loans made to the Borrower by such Lender in accordance with the terms of this Agreement. 

(d) The Loans of each Class made by each Lender shall, if requested by the applicable Lender (which request shall be made to the
Administrative Agent), be evidenced (i) in the case of Dollar Loans, by a Dollar Note appropriately completed in substantially the form of Exhibit A-1, (ii) in the case of Multicurrency Loans, by a Multicurrency Note
appropriately completed in substantially the form of Exhibit A-2 and (iii) in the case of the Swingline Loans, by a Swingline Note appropriately completed in substantially the form of Exhibit A-3, in each case executed
by the Borrower and payable to the order of such Lender. Each Note shall be entitled to all of the benefits of this Agreement and the other Credit Documents and shall be subject to the provisions hereof and thereof. 

2.5 Termination and Reduction of Commitments and Swingline Commitment. 

(a) The Commitments shall be automatically and permanently terminated on the Termination Date. The Swingline Commitment shall be
automatically and permanently terminated on the Swingline Maturity Date, unless sooner terminated pursuant to any other provision of this Section 2.5 or Section 8.2. 

(b) At any time and from time to time after the date hereof, upon not less than five (5) Business Days’ prior written notice to
the Administrative Agent (and in the case of a termination or reduction of the Unutilized Swingline Commitment, the Swingline Lender), the Borrower may terminate in whole or reduce in part the aggregate Unutilized Dollar Commitments, the aggregate
Unutilized Multicurrency Commitments or the Unutilized Swingline Commitment, provided that any such partial reduction shall be in an aggregate amount of not less than $5,000,000 ($500,000 in the case of the Unutilized Swingline Commitment)
or, if greater, an integral multiple of $1,000,000 in excess thereof ($100,000 in the case of the Unutilized Swingline Commitment). The amount of any termination or reduction made under this Section 2.5(b) may not thereafter be
reinstated. 
 (c) Except as set forth in Section 2.5(d), each reduction of the Commitments pursuant to this Section
shall be applied ratably among the Lenders of such Class according to their respective Commitments of such Class. Notwithstanding any provision of this Agreement to the contrary, any reduction of the Commitments pursuant to this
Section 2.5 that has the effect of reducing the aggregate Dollar Commitments to an amount less than the amount of the Swingline Commitment at such time shall result in an automatic corresponding reduction of the

  

 35 

 
Swingline Commitment, as the case may be, to the amount of the aggregate Dollar Commitments (as so reduced), without any further action on the part of the Borrower, the Swingline Lender or any
other Lender. 
 (d) The Borrower shall have the right, at any time, upon at least ten Business Days’ notice to a
Defaulting Lender (with a copy to the Administrative Agent), to terminate in whole such Lender’s Commitment, without affecting the Commitments of any other Lender; provided that, (i) for so long as any Loans are outstanding, the
consent of the Required Lenders shall be required prior to the termination of the Commitment of any Defaulting Lender and (ii) such Defaulting Lender has paid the Administrative Agent, the Swingline Lender, the Issuing Lender and any Lender all
amounts owed by such Defaulting Lender pursuant to the terms of this Agreement. Such termination shall be effective, (x) with respect to such Lender’s Unutilized Commitment, on the date set forth in such notice, provided,
however, that such date shall be no earlier than ten Business Days after receipt of such notice and (y) with respect to each Revolving Loan outstanding to such Lender, in the case of Base Rate Loans, on the date set forth in such notice
and, in the case of LIBOR Loans, on the last day of the then current Interest Period relating to such LIBOR Loan. Upon termination of a Lender’s Commitments under this Section 2.5(d), the Borrower will pay or cause to be paid all
principal of, and interest accrued to the date of such payment on, Revolving Loans owing to such Lender and, subject to Section 2.21, pay any accrued commitment fees or letter of credit fees payable to such Lender pursuant to the
provisions of Section 2.9, and all other amounts payable to such Lender hereunder (including, but not limited to, any amounts owing under Sections 2.15 and 2.16); and, if such Lender is an Issuing Lender, shall pay to such
Issuing Lender for deposit in an escrow account an amount equal to the Letter of Credit Exposure issued by such Issuing Bank, whereupon all Letters of Credit issued by such Issuing Bank shall be deemed to have been issued outside of this Agreement
on a bilateral basis and shall cease for all purposes to constitute a Letter of Credit issued under this Agreement, and upon such payments, except as otherwise provided below, the obligations of such Lender hereunder shall, by the provisions hereof,
be released and discharged; provided, however, that (i) such Lender’s rights under Sections 2.15, 2.16, 2.19(j) and 10.1, in each case in accordance with the terms thereof, shall survive such
release and discharge as to matters occurring prior to such date and (ii) such escrow agreement shall be in a form reasonably agreed to by the Borrower and such Issuing Lender. Subject to Section 2.20, the aggregate amount of the
Commitments of the Lenders once reduced pursuant to this Section 2.5(d) may not be reinstated. The termination of the Commitments of a Defaulting Lender pursuant to this Section 2.5(d) will not be deemed to be a waiver of any
right that the Borrower, the Administrative Agent, the Issuing Lender or any other Lender may have against such Defaulting Lender that arose prior to the date of such termination. Upon any such termination, the pro rata shares of the remaining
Lenders will be revised. 
 2.6 Mandatory Payments and Prepayments. 

(a) Except to the extent due or paid sooner pursuant to the provisions of this Agreement, (i) the aggregate outstanding principal of
the Revolving Loans shall be due and payable in full on the Maturity Date, and (ii) the aggregate outstanding principal of the Swingline Loans shall be due and payable in full on the Swingline Maturity Date. 

 

 36 

 (b) In the event that, at any time, the Aggregate Revolving Dollar Credit Exposure
(excluding the aggregate amount of any Swingline Loans to be repaid with proceeds of Dollar Loans made on the date of determination) shall exceed the aggregate Dollar Commitments at such time (after giving effect to any concurrent termination or
reduction thereof), the Borrower will immediately prepay the outstanding principal amount of the Swingline Loans and, to the extent of any excess remaining after prepayment in full of outstanding Swingline Loans, the outstanding principal amount of
the Dollar Loans in the amount of such excess; provided that, to the extent such excess amount is greater than the aggregate principal amount of Swingline Loans and Dollar Loans outstanding immediately prior to the application of such
prepayment, the amount so prepaid shall be retained by the Administrative Agent and held in the Cash Collateral Account as cover for Letter of Credit Exposure, as more particularly described in Section 2.19(i), and thereupon such cash
shall be deemed to reduce the aggregate Letter of Credit Exposure by an equivalent amount. In the event that, on any Revaluation Date, the aggregate Dollar Amount of Multicurrency Loans exceeds 105% of the aggregate Multicurrency Commitments at such
time (after giving effect to any concurrent termination or reduction thereof), the Borrower will prepay the outstanding principal amount of the Multicurrency Loans in the amount of such excess, (i) within 1 Business Day after receipt of notice
thereof for any such prepayment of Multicurrency Loans denominated in Dollars and (ii) within 3 Business Days after receipt of notice thereof for any such prepayment of Multicurrency Loans denominated in a Foreign Currency. 

2.7 Voluntary Prepayments. 

(a) At any time and from time to time, the Borrower shall have the right to prepay the Loans of any Class, in whole or in part, without
premium or penalty (except as provided in clause (iii) below), upon written notice given to the Administrative Agent not later than 11:00 a.m., Local Time, three (3) Business Days prior to each intended prepayment of LIBOR Loans and one
(1) Business Day prior to each intended prepayment of Base Rate Loans (other than Swingline Loans, which may be prepaid on a same-day basis), provided that (i) each partial prepayment of LIBOR Loans shall be in an aggregate
principal amount of not less than $5,000,000 or, if greater, an integral multiple of $1,000,000 in excess thereof, and each partial prepayment of Base Rate Loans shall be in an aggregate principal amount of not less than $3,000,000 or, if greater,
an integral multiple of $1,000,000 in excess thereof ($100,000 and $100,000, respectively, in the case of Swingline Loans), (ii) no partial prepayment of LIBOR Loans made pursuant to any single Borrowing shall reduce the aggregate outstanding
principal amount of the remaining LIBOR Loans under such Borrowing to less than $5,000,000 or to any greater amount not an integral multiple of $1,000,000 in excess thereof, and (iii) unless made together with all amounts required under
Section 2.17 to be paid as a consequence of such prepayment, a prepayment of a LIBOR Loan may be made only on the last day of the Interest Period applicable thereto. Each such notice shall specify the proposed date of such prepayment and
the aggregate principal amount, Class and Type of the Loans to be prepaid (and, in the case of LIBOR Loans, the Interest Period of the Borrowing pursuant to which made), and shall be irrevocable and shall bind the Borrower to make such prepayment on
the terms specified therein. Revolving Loans and Swingline Loans prepaid pursuant to this Section 2.7(a) may be reborrowed, subject to the terms and conditions of this Agreement. In the event the Administrative Agent receives a notice of
prepayment under this Section, the Administrative Agent will give prompt notice thereof to the Lenders; provided that if such notice has also been furnished to the Lenders, the Administrative Agent shall have no obligation to notify the
Lenders with respect thereto. 
  

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 (b) Each prepayment of the Loans of any Class made pursuant to Section 2.7(a)
shall be applied ratably among the Lenders of such Class holding the Loans being prepaid, in proportion to the principal amount held by each, provided that the proceeds thereof shall be applied so that after giving effect thereto the
percentage that the aggregate outstanding Dollar Loans and Multicurrency Loans denominated in Dollars (after giving effect to each such Borrowing) bear to the aggregate outstanding Revolving Loans denominated in Dollars shall equal the Applicable
Commitment Percentage for Dollar Commitments and Multicurrency Commitments, respectively. 
 2.8 Interest. 

(a) Subject to Section 2.8(b), the Borrower will pay interest in respect of the unpaid principal amount of each Loan, from
the date of Borrowing thereof until such principal amount shall be paid in full, (i) at the Adjusted Base Rate, as in effect from time to time during such periods as such Loan is a Base Rate Loan, (ii) at the Adjusted LIBOR Rate, as in
effect from time to time during such periods as such Loan is a LIBOR Loan, and (iii) at the Adjusted LIBOR Market Index Rate, as in effect from time to time for all Swingline Loans. 

(b) Upon the occurrence and during the continuance of any Event of Default under Sections 8.1(a), 8.1(f), or
8.1(g) and (at the election of the Required Lenders) upon the occurrence and during the continuance of any other Event of Default, all outstanding principal amounts of the Loans and, to the greatest extent permitted by law, all interest
accrued on the Loans and all other accrued and outstanding fees and other amounts hereunder, shall bear interest at a rate per annum equal to the interest rate applicable from time to time thereafter to such Loans plus 2% (or, in the case of
interest, fees and other amounts for which no rate is provided hereunder, at the Adjusted Base Rate plus 2%), and, in each case, such default interest shall be payable on demand. To the greatest extent permitted by law, interest shall continue to
accrue after the filing by or against the Borrower of any petition seeking any relief in bankruptcy or under any law pertaining to insolvency or debtor relief. 

(c) Accrued (and theretofore unpaid) interest shall be payable as follows: 

(i) in respect of each Base Rate Loan (including any Base Rate Loan or portion thereof paid or prepaid pursuant to the
provisions of Section 2.6, except as provided hereinbelow) and each LIBOR Market Index Rate Loan, in arrears on the last Business Day of each calendar quarter, beginning with the first such day to occur after the Closing Date;
provided, that in the event the Loans are repaid or prepaid in full and the Commitments have been terminated, then accrued interest in respect of all Base Rate Loans and LIBOR Market Index Rate Loans shall be payable together with such
repayment or prepayment on the date thereof; 
 (ii) in respect of each LIBOR Loan (including any LIBOR Loan or
portion thereof paid or prepaid pursuant to the provisions of Section 2.6, except as provided hereinbelow), in arrears (y) on the last Business Day of the Interest Period applicable

  

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thereto (subject to the provisions of Section 2.10(iv)) and (z) in addition, in the case of a LIBOR Loan with an Interest Period having a duration of six months or longer,
on each date on which interest would have been payable under clause (y) above had successive Interest Periods of three months’ duration been applicable to such LIBOR Loan; provided, that in the event all LIBOR Loans made pursuant to
a single Borrowing are repaid or prepaid in full, then accrued interest in respect of such LIBOR Loans shall be payable together with such repayment or prepayment on the date thereof; and 

(iii) in respect of any Loan, at maturity (whether pursuant to acceleration or otherwise) and, after maturity, on demand.

 (d) Nothing contained in this Agreement or in any other Credit Document shall be deemed to establish or require the payment
of interest to any Lender at a rate in excess of the maximum rate permitted by applicable law. If the amount of interest payable for the account of any Lender on any interest payment date would exceed the maximum amount permitted by applicable law
to be charged by such Lender, the amount of interest payable for its account on such interest payment date shall be automatically reduced to such maximum permissible amount. In the event of any such reduction affecting any Lender, if from time to
time thereafter the amount of interest payable for the account of such Lender on any interest payment date would be less than the maximum amount permitted by applicable law to be charged by such Lender, then the amount of interest payable for its
account on such subsequent interest payment date shall be automatically increased to such maximum permissible amount, provided that at no time shall the aggregate amount by which interest paid for the account of any Lender has been increased
pursuant to this sentence exceed the aggregate amount by which interest paid for its account has theretofore been reduced pursuant to the previous sentence. 

(e) The Administrative Agent shall promptly notify the Borrower and the Lenders upon determining the interest rate for each Borrowing of
LIBOR Loans after its receipt of the relevant Notice of Borrowing or Notice of Conversion/Continuation, and upon each change in the Base Rate; provided, however, that the failure of the Administrative Agent to provide the Borrower or
the Lenders with any such notice shall neither affect any obligations of the Borrower or the Lenders hereunder nor result in any liability on the part of the Administrative Agent to the Borrower or any Lender. Each such determination (including each
determination of the Reserve Requirement) shall, absent manifest error, be conclusive and binding on all parties hereto. 
 2.9
Fees. The Borrower agrees to pay: 
 (a) To Wells Fargo, for its own account, the administrative fee required under the
Wells Fargo Fee Letter to be paid to Wells Fargo, in the amounts due and at the times due as required by the terms thereof; 

(b) To the Administrative Agent, for the account of each Lender, a commitment fee for each calendar quarter (or portion thereof) for the
period from and including the Closing Date to but excluding the Termination Date, at a per annum rate equal to the Applicable Percentage in effect for such fee from time to time during such quarter on such Lender’s ratable share (based on the
proportion that its Commitment bears to the aggregate Commitments) of the average daily 
  

 39 

 
aggregate Unutilized Commitments (excluding clause (ii) of the definition thereof for purposes of this Section 2.9(b) only), payable in arrears (i) on the last Business Day
of each calendar quarter, beginning with the first such day to occur after the Closing Date, and (ii) on the Termination Date; 

(c) To the Administrative Agent, for the account of each Dollar Lender, a letter of credit fee for each calendar quarter (or portion
thereof) in respect of all Letters of Credit outstanding during such quarter, at a per annum rate equal to the Applicable Percentage in effect from time to time during such quarter for LIBOR Loans, on such Lender’s ratable share (based on the
proportion that its Dollar Commitment bears to the aggregate Dollar Commitments, or if the Dollar Commitments have been terminated, based upon the proportion that its Revolving Dollar Credit Exposure bears to the Aggregate Revolving Dollar Credit
Exposure) of the daily average aggregate Stated Amount of such Letters of Credit, payable in arrears (i) on the last Business Day of each calendar quarter, beginning with the first such day to occur after the Closing Date, and (ii) on the
later of the Termination Date and the date of termination of the last outstanding Letter of Credit; 
 (d) To Wells Fargo, for
its own account in its capacity as the Issuing Lender, the fronting fee required under the Wells Fargo Fee Letter to be paid to Wells Fargo, in the amounts due and at the times due as required by the terms thereof; and 

(e) To the Issuing Lender, for its own account, such commissions, transfer fees and other fees and charges incurred in connection with
the issuance and administration of each Letter of Credit as are customarily charged from time to time by the Issuing Lender for the performance of such services in connection with similar letters of credit, or as may be otherwise agreed to by the
Issuing Lender, but without duplication of amounts payable under Section 2.9(d). 
 2.10 Interest Periods.
Concurrently with the giving of a Notice of Borrowing or Notice of Conversion/Continuation in respect of any Borrowing comprised of Base Rate Loans to be converted into, or LIBOR Loans to be continued as, LIBOR Loans, the Borrower shall have the
right to elect, pursuant to such notice, the interest period (each, an “Interest Period”) to be applicable to such LIBOR Loans, which Interest Period shall, at the option of the Borrower, be a one, two, three or six-month period;
provided, however, that: 
 (i) all LIBOR Loans comprising a single Borrowing shall at all times
have the same Interest Period; 
 (ii) the initial Interest Period for any LIBOR Loan shall commence on the date
of the Borrowing of such LIBOR Loan (including the date of any continuation of, or conversion into, such LIBOR Loan), and each successive Interest Period applicable to such LIBOR Loan shall commence on the day on which the next preceding Interest
Period applicable thereto expires; 
 (iii) LIBOR Loans may not be outstanding under more than ten
(10) separate Interest Periods at any one time (for which purpose Interest Periods shall be deemed to be separate even if they are coterminous); 
  

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 (iv) if any Interest Period otherwise would expire on a day that is not a
Business Day, such Interest Period shall expire on the next succeeding Business Day unless such next succeeding Business Day falls in another calendar month, in which case such Interest Period shall expire on the next preceding Business Day;

 (v) the Borrower may not select any Interest Period that expires after the Maturity Date, with respect to
Revolving Loans that are to be maintained as LIBOR Loans; 
 (vi) if any Interest Period begins on a day for
which there is no numerically corresponding day in the calendar month during which such Interest Period would otherwise expire, such Interest Period shall expire on the last Business Day of such calendar month; and 

(vii) the Borrower may not select any Interest Period (and consequently, no LIBOR Loans shall be made) if a Default or
Event of Default shall have occurred and be continuing at the time of such Notice of Borrowing or Notice of Conversion/Continuation with respect to any Borrowing. 

2.11 Conversions and Continuations. 

(a) The Borrower shall have the right, on any Business Day occurring on or after the Closing Date, to elect (i) to convert all or a
portion of the outstanding principal amount of any Base Rate Loans into LIBOR Loans, or to convert any LIBOR Loans the Interest Periods for which end on the same day into Base Rate Loans, or (ii) upon the expiration of any Interest Period, to
continue all or a portion of the outstanding principal amount of any LIBOR Loans the Interest Periods for which end on the same day for an additional Interest Period, provided that (t) Borrowings of a Class may only be continued as or
converted into a Borrowing of the same Class, (u) a Borrowing denominated in one Currency may not be continued as, or converted to, a Borrowing in a different Currency, (v) a Borrowing of LIBOR Loans denominated in a Foreign Currency may
not be converted to a Borrowing of a different Type, (w) any such conversion of LIBOR Loans into Base Rate Loans shall involve an aggregate principal amount of not less than $3,000,000 or, if greater, an integral multiple of $1,000,000 in
excess thereof; any such conversion of Base Rate Loans into, or continuation of, LIBOR Loans shall involve an aggregate principal amount of not less than $5,000,000 or, if greater, an integral multiple of $1,000,000 in excess thereof; and no partial
conversion of LIBOR Loans made pursuant to a single Borrowing shall reduce the outstanding principal amount of such LIBOR Loans to less than $5,000,000 or to any greater amount not an integral multiple of $1,000,000 in excess thereof,
(x) except as otherwise provided in Section 2.15(f), LIBOR Loans may be converted into Base Rate Loans only on the last day of the Interest Period applicable thereto (and, in any event, if a LIBOR Loan is converted into a Base Rate
Loan on any day other than the last day of the Interest Period applicable thereto, the Borrower will pay, upon such conversion, all amounts required under Section 2.17 to be paid as a consequence thereof), (y) no such conversion or
continuation shall be permitted with regard to any Swingline Loans, and (z) no conversion of Base Rate Loans into LIBOR Loans or continuation of LIBOR Loans shall be permitted during the continuance of a Default or Event of Default. 

 

 41 

 (b) The Borrower shall make each such election by giving the Administrative Agent written
notice (i) not later than 11:00 a.m., Charlotte, North Carolina time, three (3) Business Days prior to the intended effective date of any conversion of Base Rate Loans into LIBOR Loans, or any continuation of LIBOR Loans denominated in
Dollars, (ii) not later than 10:00 a.m., Charlotte, North Carolina time, four (4) Business Days prior to the intended effective date of any continuation of LIBOR Loans denominated in a Foreign Currency, and (iii) not later than 11:00
a.m., Charlotte, North Carolina time, one (1) Business Day prior to the intended effective date of any conversion of LIBOR Loans into Base Rate Loans. Each such notice (each, a “Notice of Conversion/Continuation”) shall be
irrevocable, shall be given in the form of Exhibit B-3 and shall specify (x) the date of such conversion or continuation (which shall be a Business Day), (y) in the case of a conversion into, or a continuation of, LIBOR Loans,
the Interest Period to be applicable thereto, and (z) the aggregate amount, Class, Currency and Type of the Loans being converted or continued. Upon the receipt of a Notice of Conversion/Continuation, the Administrative Agent will promptly
notify each applicable Lender of the proposed conversion or continuation. In the event that the Borrower shall fail to deliver a Notice of Conversion/Continuation as provided herein with respect to any of its outstanding LIBOR Loans, such LIBOR
Loans denominated in Dollars shall automatically be converted to Base Rate Loans upon the expiration of the then current Interest Period applicable thereto (unless repaid pursuant to the terms hereof) and LIBOR Loans denominated in a Foreign
Currency shall be repaid upon the expiration of the then current Interest Period applicable thereto pursuant to the terms hereof. In the event the Borrower shall have failed to select in a Notice of Conversion/Continuation the duration of the
Interest Period to be applicable to any conversion into, or continuation of, its LIBOR Loans, then the Borrower shall be deemed to have selected an Interest Period with a duration of one month. 

2.12 Method of Payments; Computations; Apportionment of Payments. 

(a) All payments by the Borrower hereunder shall be made without setoff, counterclaim or other defense, in the applicable Currency and in
immediately available funds to the Administrative Agent, for the account of the Lenders entitled to such payment or the Administrative Agent, the Multicurrency Agent, the Issuing Lender, or the Swingline Lender, as the case may be (except as
otherwise expressly provided herein as to payments required to be made directly to the Lenders) at its Payment Office prior to 12:00 noon, Local Time, on the date payment is due. Any payment made as required hereinabove, but after 12:00 noon, Local
Time, shall be deemed to have been made on the next succeeding Business Day. If any payment falls due on a day that is not a Business Day, then such due date shall be extended to the next succeeding Business Day (except that in the case of LIBOR
Loans to which the provisions of Section 2.10(iv) are applicable, such due date shall be the next preceding Business Day), and such extension of time shall then be included in the computation of payment of interest, fees or other
applicable amounts. 
 (b) The Administrative Agent will distribute to the Lenders like amounts relating to payments made to the
Administrative Agent for the account of the Lenders as follows: (i) if the payment is received by 12:00 noon, Local Time, in immediately available funds, the Administrative Agent will make available to each relevant Lender on the same date, by
wire transfer of immediately available funds, such Lender’s ratable share of such payment (based on the percentage that the amount of the relevant payment owing to such Lender bears to the total

  

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amount of such payment owing to all of the relevant Lenders), and (ii) if such payment is received after 12:00 noon, Local Time, or in other than immediately available funds, the
Administrative Agent will make available to each such Lender its ratable share of such payment by wire transfer of immediately available funds on the next succeeding Business Day (or in the case of uncollected funds, as soon as practicable after
collected). If the Administrative Agent shall not have made a required distribution to the appropriate Lenders as required hereinabove after receiving a payment for the account of such Lenders, the Administrative Agent will pay to each such Lender,
on demand, its ratable share of such payment with interest thereon at the Federal Funds Rate for each day from the date such amount was required to be disbursed by the Administrative Agent until the date repaid to such Lender. 

(c) Unless the Administrative Agent shall have received notice from the Borrower prior to the date on which any payment is due to the
Administrative Agent for the account of the Lenders hereunder that the Borrower will not make such payment, the Administrative Agent may assume that the Borrower has made such payment on such date in accordance herewith and may, in reliance upon
such assumption, distribute to the Lenders, as the case may be, the amount due. In such event, if the Borrower has not in fact made such payment, then each Lender, as the case may be, severally agrees to repay to the Administrative Agent forthwith
on demand the amount so distributed to such Lender, with interest thereon, for each day from and including the date such amount is distributed to it to but excluding the date of payment to the Administrative Agent, at the greater of the Federal
Funds Rate and a rate determined by the Administrative Agent in accordance with banking industry rules on interbank compensation. 

(d) All computations of interest and fees hereunder (including computations of the Reserve Requirement) shall be made on the basis of a
year consisting of (i) in the case of interest on Base Rate Loans and Multicurrency Loans denominated in Sterling, 365/366 days, as the case may be, or (ii) in all other instances, 360 days; and in each case under (i) and
(ii) above, with regard to the actual number of days (including the first day, but excluding the last day) elapsed. 
 (e)
Notwithstanding any other provision of this Agreement or any other Credit Document to the contrary, all amounts collected or received by the Administrative Agent or any Lender after acceleration of the Loans pursuant to Section 8.2 shall
be applied as follows: 
 (i) first, to the payment of all reasonable out-of-pocket costs and expenses
(including, without limitation, reasonable attorneys’ and consultants’ fees irrespective of whether such fees are allowed as a claim after the occurrence of a Bankruptcy Event) of the Administrative Agent in connection with enforcing the
rights of the Lenders under the Credit Documents; 
 (ii) second, to the payment of any fees owed to the
Administrative Agent hereunder or under any other Credit Document; 
 (iii) third, to the payment of all
reasonable and documented out-of-pocket costs and expenses (including, without limitation, reasonable attorneys’ and consultants’ fees irrespective of whether such fees are allowed as a claim after the occurrence of a Bankruptcy Event) of
each of the Lenders in connection with enforcing its rights under the Credit Documents or otherwise with respect to the Obligations owing to such Lender; 
  

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 (iv) fourth, to the payment of all of the Obligations consisting of
accrued fees and interest (including, without limitation, fees incurred and interest accruing at the then applicable rate after the occurrence of a Bankruptcy Event irrespective of whether a claim for such fees incurred and interest accruing is
allowed in such proceeding); 
 (v) fifth, to the payment of the outstanding principal amount of the
Obligations (including the payment of any outstanding Reimbursement Obligations and the obligation to cash collateralize Letter of Credit Exposure), and with respect to any Hedge Agreement between the Borrower or any of its Subsidiaries, on the one
hand, and any Hedge Party, on the other hand (to the extent such Hedge Agreement is permitted hereunder), any breakage, termination or other payments due under such Hedge Agreement and any interest accrued thereon; 

(vi) sixth, to the payment of all other Obligations and other obligations that shall have become due and payable
under the Credit Documents and not repaid; and 
 (vii) seventh, to the payment of the surplus (if any) to
whomever may be lawfully entitled to receive such surplus. 
 In carrying out the foregoing, (x) amounts received shall be applied in the
numerical order provided until exhausted prior to application to the next succeeding category, and (y) all amounts shall be apportioned ratably among the Lenders in proportion to the amounts of such principal, interest, fees or other
Obligations owed to them respectively pursuant to clauses (iii) through (vii) above. 
 2.13 Recovery of
Payments. 
 (a) The Borrower agrees that to the extent the Borrower makes a payment or payments to or for the account of
the Administrative Agent, the Swingline Lender, the Issuing Lender or any Lender, which payment or payments or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside or required to be repaid to a trustee,
receiver or any other party under any bankruptcy, insolvency or similar state or federal law, common law or equitable cause (whether as a result of any demand, settlement, litigation or otherwise), then, to the extent of such payment or repayment,
the Obligation intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been received. 

(b) If any amounts distributed by the Administrative Agent to any Lender are subsequently returned or repaid by the Administrative Agent
to the Borrower, its representative or successor in interest, or any other Person, whether by court order, by settlement approved by the Lender in question, or pursuant to applicable Requirements of Law, such Lender will, promptly upon receipt of
notice thereof from the Administrative Agent, pay the Administrative Agent such amount. If any such amounts are recovered by the Administrative Agent from the Borrower, its representative or successor in interest or such other Person, the
Administrative Agent will redistribute such amounts to the Lenders on the same basis as such amounts were originally distributed. 
  

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 2.14 Pro Rata Treatment. 

(a) All fundings, continuations and conversions of Loans of any Class shall be made by the Lenders pro rata on the basis of their
respective Commitments of such Class (in the case of the funding of Revolving Loans pursuant to Section 2.2) or on the basis of their respective outstanding Loans of such Class (in the case of continuations and conversions of Revolving
Loans pursuant to Section 2.11, or in the event the Commitments have expired or have been terminated), as the case may be from time to time. All payments on account of principal of or interest on any Revolving Loans, fees or any other
Obligations owing to or for the account of any one or more Lenders of a Class shall be apportioned ratably among such Lenders of such Class in proportion to the amounts of such principal, interest, fees or other Obligations of such Class owed to
them respectively. 
 (b) If any Lender of any Class shall, by exercising any right of setoff or counterclaim or otherwise,
obtain payment in respect of any principal of or interest on any of its Loans or other Obligations of such Class hereunder resulting in such Lender’s receiving payment of a proportion of the aggregate amount of its Loans and accrued interest
thereon or other such Obligations of such Class greater than its pro rata share thereof as provided herein, then the Lender receiving such greater proportion shall (a) notify the Administrative Agent of such fact, and (b) purchase (for
cash at face value) participations in the Loans and such other Obligations of such Class of the other Lenders of such Class, or make such other adjustments as shall be equitable, so that the benefit of all such payments shall be shared by the
Lenders of such Class ratably in accordance with the aggregate amount of principal of and accrued interest on their respective Loans and other amounts owing them of such Class, provided that (i) if any such participations are purchased
and all or any portion of the payment giving rise thereto is recovered, such participations shall be rescinded and the purchase price restored to the extent of such recovery, without interest, and (ii) the provisions of this Section shall not
be construed to apply to (x) any payment made by the Borrower pursuant to and in accordance with the express terms of this Agreement or (y) any payment obtained by a Lender as consideration for the assignment of or sale of a participation
in any of its Loans, Swingline Loans or Letters of Credit to any assignee or participant, other than to the Borrower or any Subsidiary thereof (as to which the provisions of this Section 2.14(b) shall apply). The Borrower consents to the
foregoing and agrees, to the extent it may effectively do so under applicable law, that any Lender acquiring a participation pursuant to the foregoing arrangements may exercise against the Borrower rights of setoff and counterclaim with respect to
such participation as fully as if such Lender were a direct creditor of the Borrower in the amount of such participation. If under any applicable bankruptcy, insolvency or similar law, any Lender receives a secured claim in lieu of a setoff to which
this Section 2.14(b) applies, such Lender shall, to the extent practicable, exercise its rights in respect of such secured claim in a manner consistent with the rights of the Lenders entitled under this Section 2.14(b) to
share in the benefits of any recovery on such secured claim. 
 2.15 Increased Costs; Change in Circumstances;
Illegality. 
 (a) If any Change in Law shall: 

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

 

 45 

 (ii) subject any Lender or the Issuing Lender to any tax of any kind
whatsoever with respect to this Agreement, any Letter of Credit, any participation in a Letter of Credit or any LIBOR Loan made by it, or change the basis of taxation of payments to such Lender or the Issuing Lender in respect thereof (except for
Indemnified Taxes or Other Taxes covered by Section 2.16 and the imposition of, or any change in the rate of, any Excluded Tax payable by such Lender or the Issuing Lender); or 

(iii) impose on any Lender or the Issuing Lender or the London interbank market any other condition, cost or expense
affecting this Agreement or LIBOR Loans made by such Lender or any Letter of Credit or participation therein; 
 and the result of any of the
foregoing shall be to increase the cost to such Lender of making or maintaining any LIBOR Loan (or of maintaining its obligation to make any such Loan), or to increase the cost to such Lender or the Issuing Lender of participating in, issuing or
maintaining any Letter of Credit (or of maintaining its obligation to participate in or to issue any Letter of Credit), or to reduce the amount of any sum received or receivable by such Lender or the Issuing Lender hereunder (whether of principal,
interest or any other amount), then, upon request of such Lender or the Issuing Lender, the Borrower will pay to such Lender or the Issuing Lender, as the case may be, such additional amount or amounts as will compensate such Lender or the Issuing
Lender, as the case may be, for such additional costs incurred or reduction suffered. 
 (b) If any Lender or the Issuing Lender
determines that any Change in Law affecting such Lender or the Issuing Lender or any Lending Office of such Lender or such Lender’s or the Issuing Lender’s holding company, if any, regarding capital requirements has or would have the
effect of reducing the rate of return on such Lender’s or the Issuing Lender’s capital or on the capital of such Lender’s or the Issuing Lender’s holding company, if any, as a consequence of this Agreement, the Commitments of
such Lender or the Loans made by, or participations in Letters of Credit held by, such Lender, or the Letters of Credit issued by such Issuing Lender, to a level below that which such Lender or such Issuing Lender or such Lender’s or the
Issuing Lender’s holding company could have achieved but for such Change in Law (taking into consideration such Lender’s or the Issuing Lender’s policies and the policies of such Lender’s or the Issuing Lender’s holding
company with respect to capital adequacy), then from time to time the Borrower will pay to such Lender or the Issuing Lender, as the case may be, such additional amount or amounts as will compensate such Lender or the Issuing Lender or such
Lender’s or the Issuing Lender’s holding company for any such reduction suffered. 
 (c) A certificate of a Lender
(which shall be in reasonable detail) setting forth the amount or amounts necessary to compensate such Lender or its holding company, as specified in Section 2.15(a) or Section 2.15(b), and delivered to the Borrower shall be
conclusive absent manifest error. The Borrower shall pay such Lender the amount shown as due on any such certificate within ten (10) Business Days after receipt thereof. 

(d) Failure or delay on the part of any Lender to demand compensation pursuant to the foregoing provisions of this Section shall not
constitute a waiver of such Lender’s right to 
  

 46 

 
demand such compensation, provided that the Borrower shall not be required to compensate a Lender pursuant to the foregoing provisions of this Section for any increased costs incurred or
reductions suffered more than 180 days prior to the date that such Lender notifies the Borrower of the Change in Law giving rise to such increased costs or reductions and of such Lender’s intention to claim compensation therefor (except that,
if the Change in Law giving rise to such increased costs or reductions is retroactive, then the 180 day period referred to above shall be extended to include the period of retroactive effect thereof). 

(e) If, on or prior to the first day of any Interest Period, (y) the Administrative Agent shall have determined in good faith that
adequate and reasonable means do not exist for ascertaining the applicable LIBOR Rate for such Interest Period or (z) the Administrative Agent shall have received written notice from the Required Lenders of their determination in good faith
that the rate of interest referred to in the definition of “LIBOR Rate” upon the basis of which the Adjusted LIBOR Rate for LIBOR Loans for such Interest Period is to be determined will not adequately and fairly reflect the cost to such
Lenders of making or maintaining LIBOR Loans during such Interest Period, the Administrative Agent will forthwith so notify the Borrower and the Lenders. Upon such notice, (i) all then outstanding LIBOR Loans shall automatically, on the
expiration date of the respective Interest Periods applicable thereto (unless then repaid in full), be converted into Base Rate Loans, (ii) the obligation of the Lenders to make, to convert Base Rate Loans into, or to continue, LIBOR Loans
shall be suspended (including pursuant to the Borrowing to which such Interest Period applies), and (iii) any Notice of Borrowing or Notice of Conversion/Continuation given at any time thereafter with respect to LIBOR Loans shall be deemed to
be a request for Base Rate Loans, in each case until the Administrative Agent or the Required Lenders, as the case may be, shall have determined that the circumstances giving rise to such suspension no longer exist (and the Required Lenders, if
making such determination, shall have so notified the Administrative Agent), and the Administrative Agent shall have so notified the Borrower and the Lenders. 

(f) Notwithstanding any other provision in this Agreement, if, at any time after the date hereof and from time to time, any Lender shall
have determined in good faith that the introduction of or any change in any applicable law, rule or regulation or in the interpretation or administration thereof by any Governmental Authority charged with the interpretation or administration
thereof, or compliance with any guideline or request from any such Governmental Authority (whether or not having the force of law), has or would have the effect of making it unlawful for such Lender to make or to continue to make or maintain LIBOR
Loans, such Lender will forthwith so notify the Administrative Agent and the Borrower. Upon such notice, (i) each of such Lender’s then outstanding LIBOR Loans shall automatically, on the expiration date of the respective Interest Period
applicable thereto (or, to the extent any such LIBOR Loan may not lawfully be maintained as a LIBOR Loan until such expiration date, upon such notice) and to the extent not sooner prepaid, be converted into a Base Rate Loan, (ii) the obligation
of such Lender to make, to convert Base Rate Loans into, or to continue, LIBOR Loans shall be suspended (including pursuant to any Borrowing for which the Administrative Agent has received a Notice of Borrowing but for which the Borrowing Date has
not arrived), and (iii) any Notice of Borrowing or Notice of Conversion/Continuation given at any time thereafter with respect to LIBOR Loans shall, as to such Lender, be deemed to be a request for a Base Rate Loan, in each case until such
Lender shall have determined that the circumstances giving rise to such suspension no longer exist and shall have so notified the Administrative Agent, and the Administrative Agent shall have so notified the Borrower. 

 

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 2.16 Taxes. 

(a) Any and all payments by or on account of any obligation of the Borrower hereunder or under any other Credit Document shall be made
free and clear of and without reduction or withholding for any Indemnified Taxes or Other Taxes, provided that if the Borrower shall be required by applicable law to deduct any Indemnified Taxes (including any Other Taxes) from such payments,
then (i) the sum payable shall be increased as necessary so that after making all required deductions (including deductions applicable to additional sums payable under this Section) the Administrative Agent or Lender, as the case may be,
receives an amount equal to the sum it would have received had no such deductions been made, (ii) the Borrower shall make such deductions and (iii) the Borrower shall timely pay the full amount deducted to the relevant Governmental
Authority in accordance with applicable law. 
 (b) Without limiting the provisions of Section 2.16(a), the Borrower
shall timely pay any Other Taxes to the relevant Governmental Authority in accordance with applicable law. 
 (c) The Borrower
shall indemnify the Administrative Agent and each Lender, within ten (10) Business Days after demand therefor, for the full amount of any Indemnified Taxes or Other Taxes (including Indemnified Taxes or Other Taxes imposed or asserted on or
attributable to amounts payable under this Section) paid by the Administrative Agent or such Lender, as the case may be, and any penalties, interest and reasonable expenses arising therefrom or with respect thereto, whether or not such Indemnified
Taxes or Other Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. A certificate (which shall be in reasonable detail) as to the amount of such payment or liability delivered to the Borrower by a Lender (with
a copy to the Administrative Agent), or by the Administrative Agent on its own behalf or on behalf of a Lender, shall be conclusive absent manifest error. The Administrative Agent and each Lender agrees to cooperate with any reasonable request made
by the Borrower in respect of a claim of a refund in respect of Indemnified Taxes as to which it has been indemnified by the Borrower or with respect to which the Borrower has paid additional amounts pursuant to this Section 2.16 if
(i) the Borrower has agreed in writing to pay all of the Administrative Agent’s or such Lender’s reasonable out-of-pocket costs and expenses relating to such claim, (ii) the Administrative Agent or such Lender determines, in its
good faith judgment, that it would not be disadvantaged, unduly burdened or prejudiced as a result of such claim and (iii) the Borrower furnishes, upon request of the Administrative Agent or such Lender, an opinion of tax counsel (such opinion
and such counsel to be reasonably acceptable to the Administrative Agent or such Lender) to the effect that such Indemnified Taxes were wrongly or illegally imposed. 

(d) As soon as practicable after any payment of Indemnified Taxes or Other Taxes by the Borrower to a Governmental Authority, the
Borrower shall deliver to the Administrative Agent the original or a certified copy of a receipt issued by such Governmental Authority evidencing such payment, a copy of the return reporting such payment or other evidence of such payment reasonably
satisfactory to the Administrative Agent. 
  

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 (e) Any Foreign Lender that is entitled to an exemption from or reduction of withholding tax
under the law of the jurisdiction in which the Borrower is resident for tax purposes, or any treaty to which such jurisdiction is a party, with respect to payments hereunder or under any other Credit Document shall deliver to the Borrower (with a
copy to the Administrative Agent), at the time or times prescribed by applicable law or reasonably requested by the Borrower or the Administrative Agent, such properly completed and executed documentation prescribed by applicable law as will permit
such payments to be made without withholding or at a reduced rate of withholding. In addition, any Lender, if requested by the Borrower or the Administrative Agent, shall deliver such other documentation prescribed by applicable law or reasonably
requested by the Borrower or the Administrative Agent as will enable the Borrower or the Administrative Agent to determine whether or not such Lender is subject to backup withholding or information reporting requirements. 

Without limiting the generality of the foregoing, in the event that the Borrower is resident for tax purposes in the United States, any
Foreign Lender shall deliver to the Borrower and the Administrative Agent (in such number of copies as shall be requested by the recipient) on or prior to the date on which such Foreign Lender becomes a Lender under this Agreement (and from time to
time thereafter upon the request of the Borrower or the Administrative Agent, but only if such Foreign Lender is legally entitled to do so), whichever of the following is applicable: 

(i) duly completed copies of Internal Revenue Service Form W-8BEN claiming eligibility for benefits of an income tax
treaty to which the United States is a party, 
 (ii) duly completed copies of Internal Revenue Service 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 to the effect that such Foreign Lender is not (A) a “bank” within the meaning of Section 881(c)(3)(A) of the Code, (B) a “10 percent shareholder” of the
Borrower within the meaning of Section 881(c)(3)(B) of the Code, or (C) a “controlled foreign corporation” described in Section 881(c)(3)(C) of the Code and (y) duly completed copies of Internal Revenue Service Form
W-8BEN, or 
 (iv) any other form prescribed by applicable law as a basis for claiming exemption from or a
reduction in United States Federal withholding tax duly completed together with such supplementary documentation as may be prescribed by applicable law to permit the Borrower to determine the withholding or deduction required to be made. 

(f) If the Administrative Agent or any Lender determines that it has received a refund of any Taxes or Other Taxes as to which it has
been indemnified by the Borrower or with respect to which the Borrower has paid additional amounts pursuant to this Section, it shall pay to the Borrower an amount equal to such refund (but only to the extent of indemnity payments made, or
additional amounts paid, by the Borrower under this Section with respect to the Taxes or Other Taxes giving rise to such refund), net of all out-of-pocket expenses of the Administrative Agent or such Lender, as the case may be, and without interest
(other than any interest paid by the relevant Governmental Authority with respect to such refund), provided that the Borrower, upon 

 

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the request of the Administrative Agent or such Lender, agrees to repay the amount paid over to the Borrower (plus any penalties, interest or other charges imposed by the relevant Governmental
Authority) to the Administrative Agent or such Lender in the event the Administrative Agent or such Lender is required to repay such refund to such Governmental Authority. This Section 2.16(f) shall not be construed to require the
Administrative Agent or any Lender to make available its tax returns (or any other information relating to its taxes that it deems confidential) to the Borrower or any other Person. 

2.17 Compensation. The Borrower will compensate each Lender upon demand for all losses, expenses and liabilities (including,
without limitation, any loss, expense or liability incurred by reason of the liquidation or reemployment of deposits or other funds required by such Lender to fund or maintain LIBOR Loans) that such Lender may incur or sustain (i) if for any
reason (other than a default by such Lender) a Borrowing or continuation of, or conversion into, a LIBOR Loan does not occur on a date specified therefor in a Notice of Borrowing or Notice of Conversion/Continuation, (ii) if any repayment,
prepayment or conversion of any LIBOR Loan occurs on a date other than the last day of an Interest Period applicable thereto (including as a consequence of any assignment made pursuant to Section 2.18(a) or any acceleration of the
maturity of the Loans pursuant to Section 8.2), (iii) if any prepayment of any LIBOR Loan is not made on any date specified in a notice of prepayment given by the Borrower or (iv) as a consequence of any other failure by the
Borrower to make any payments with respect to any LIBOR Loan when due hereunder. Calculation of all amounts payable to a Lender under this Section 2.17 shall be made as though such Lender had actually funded its relevant LIBOR Loan
through the purchase of a Eurodollar deposit bearing interest at the LIBOR Rate in an amount equal to the amount of such LIBOR Loan, having a maturity comparable to the relevant Interest Period; provided, however, that each Lender may
fund its LIBOR Loans in any manner it sees fit and the foregoing assumption shall be utilized only for the calculation of amounts payable under this Section 2.17. A certificate (which shall be in reasonable detail) showing the bases for
the determinations set forth in this Section 2.17 by any Lender as to any additional amounts payable pursuant to this Section 2.17 shall be submitted by such Lender to the Borrower either directly or through the
Administrative Agent. Determinations set forth in any such certificate made in good faith for purposes of this Section 2.17 of any such losses, expenses or liabilities shall be conclusive absent manifest error. 

2.18 Replacement of Lenders; Mitigation of Costs. 

(a) The Borrower may, at any time (other than after the occurrence and during the continuance of an Event of Default) at its sole expense
and effort, require any Lender (i) that has requested compensation from the Borrower under Sections 2.15(a) or 2.15(b) or payments from the Borrower under Section 2.16, or (ii) the obligation of which to make
or maintain LIBOR Loans or any funded participations in Letters of Credit not refinanced through the Borrowing of Revolving Loans has been suspended under Section 2.15(f) or (iii) that is a Defaulting Lender or a Nonconsenting
Lender, in any case upon notice to such Lender and the Administrative Agent, to assign and delegate, without recourse (in accordance with and subject to the restrictions contained in, and consents required by, Section 10.6), all of its
interests, rights and obligations under this Agreement and the related Credit Documents to an assignee that shall assume such obligations (which assignee may be another Lender, if a Lender accepts such assignment); provided that: 

(i) the Administrative Agent shall have received the assignment fee specified in Section 10.6(b)(iv), which
fee shall be payable by the Borrower or such assignee; 
  

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 (ii) such Lender shall have received payment of an amount equal to the
outstanding principal of its Loans, accrued interest thereon, accrued fees and all other amounts payable to it hereunder and under the other Credit Documents (including any amounts under Section 2.17) from the assignee (to the extent of
such outstanding principal and accrued interest and fees) or the Borrower (in the case of all other amounts); 

(iii) in the case of any such assignment resulting from a request for compensation under Sections 2.15(a) or
2.15(b) or payments required to be made pursuant to Section 2.16, such assignment will result in a reduction in such compensation or payments thereafter; 

(iv) in the case of an assignment of the interests, rights and obligations under this Agreement and the related Credit
Documents of a Nonconsenting Lender, such assignee shall have approved (or shall approve) such consent, waiver or amendment that resulted in the Nonconsenting Lender becoming a Nonconsenting Lender; and 

(v) such assignment does not conflict with applicable Requirements of Law. 

A Lender shall not be required to make any such assignment or delegation if, prior thereto, as a result of a waiver by such Lender or
otherwise, the circumstances entitling the Borrower to require such assignment and delegation cease to apply. 
 (b) If any
Lender requests compensation under Sections 2.15(a) or 2.15(b), or the Borrower is required to pay any additional amount to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 2.16, or
if any Lender gives a notice pursuant to Section 2.15(f), then such Lender shall use reasonable efforts to designate a different Lending Office for funding or booking its Loans hereunder or to assign its rights and obligations hereunder
to another of its offices, branches or affiliates, if, in the judgment of such Lender, such designation or assignment (i) would eliminate or reduce amounts payable pursuant to Sections 2.15(a), 2.15(b) or 2.16, as the case may be,
in the future, or eliminate the need for the notice pursuant to Section 2.15(f), as applicable, and (ii) in each case, would not subject such Lender to any unreimbursed cost or expense and would not otherwise be disadvantageous to
such Lender. The Borrower hereby agrees to pay all reasonable costs and expenses incurred by any Lender in connection with any such designation or assignment. 

2.19 Letters of Credit. 

(a) Issuance. Subject to and upon the terms and conditions herein set forth, so long as no Default or Event of Default has
occurred and is continuing, the Issuing Lender will, at any time and from time to time on and after the Closing Date and prior to the earlier of (i) the Letter of Credit Maturity Date and (ii) the Termination Date, and upon request by the
Borrower in accordance with the provisions of Section 3.2, issue for the account of the Borrower or any of its Subsidiaries under the Dollar Commitments one or more irrevocable standby letters of credit denominated in Dollars and in a
form customarily used or otherwise approved by the Issuing 
  

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Lender (collectively with the Existing Letters of Credit, and, in each case, with all amendments, modifications and supplements thereto, substitutions therefor and renewals and restatements
thereof, the “Letters of Credit”). The Stated Amount of each Letter of Credit shall not be less than $100,000.00 (other than with respect to an Existing Letter of Credit). Notwithstanding the foregoing: 

(i) No Letter of Credit shall be issued if the Stated Amount upon issuance when added to the Aggregate Revolving Dollar
Credit Exposure, would exceed the aggregate Dollar Commitments at such time; 
 (ii) Notwithstanding that a
Letter of Credit issued or outstanding hereunder is in support of any obligations of, or is for the account of, or otherwise will benefit, a Subsidiary of the Borrower, the Borrower shall be obligated to reimburse the Issuing Lender hereunder for
any and all drawings under such Letter of Credit (and the Borrower hereby acknowledges that the issuance of Letters of Credit for the benefit of its Subsidiaries inures to the benefit of the Borrower and that the Borrower’s business derives
substantial benefits from the businesses of such Subsidiaries); 
 (iii) No Letter of Credit shall be issued that
by its terms expires later than the Letter of Credit Maturity Date or, in any event, more than one year after its date of issuance; provided, however, that a Letter of Credit may, if requested by the Borrower, provide by its terms, and
on terms acceptable to the Issuing Lender, for renewal for successive periods of one year or less (but not beyond the Letter of Credit Maturity Date), unless and until the Issuing Lender shall have delivered a notice of nonrenewal to the beneficiary
of such Letter of Credit; and 
 (iv) The Issuing Lender shall be under no obligation to issue any Letter of
Credit if, at the time of such proposed issuance, (A) any order, judgment or decree of any Governmental Authority or arbitrator shall purport by its terms to enjoin or restrain the Issuing Lender from issuing such Letter of Credit, or any
Requirement of Law applicable to the Issuing Lender or any request or directive (whether or not having the force of law) from any Governmental Authority with jurisdiction over the Issuing Lender shall prohibit, or request that the Issuing Lender
refrain from, the issuance of letters of credit generally or such Letter of Credit in particular or shall impose upon the Issuing Lender with respect to such Letter of Credit any restriction or reserve or capital requirement (for which the Issuing
Lender is not otherwise compensated) not in effect on the Closing Date, or any unreimbursed loss, cost or expense that was not applicable, in effect or known to the Issuing Lender as of the Closing Date and that the Issuing Lender in good faith
deems material to it, (B) the Issuing Lender shall have actual knowledge, or shall have received notice from any Lender, prior to the issuance of such Letter of Credit that one or more of the conditions specified in Section 3.2 are
not then satisfied (or have not been waived in writing as required herein) or that the issuance of such Letter of Credit would violate the provisions of Section 2.19(a) or (C) any Lender is at such time a Defaulting Lender
hereunder, unless the aggregate Letter of Credit Exposure of such Lender has been reallocated pursuant to Section 2.21(c)(i) and any amount not reallocated has been cash collateralized pursuant to Section 2.21(c)(ii) or the
Issuing Lender has entered into other satisfactory arrangements with the Borrower or such Lender to eliminate the Issuing Lender’s risk with respect to such Lender. 
  

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 (b) Notices. Whenever the Borrower desires the issuance of a Letter of Credit, the
Borrower will give the Issuing Lender written notice with a copy to the Administrative Agent not later than 11:00 a.m., Charlotte, North Carolina time, three Business Days (or such shorter period as is acceptable to the Issuing Lender in any given
case) prior to the requested date of issuance thereof. Each such notice (each, a “Letter of Credit Notice”) shall be irrevocable, shall be given in the form of Exhibit B-4 and shall specify (i) the requested date of
issuance, which shall be a Business Day, (ii) the requested Stated Amount and expiry date of the Letter of Credit, and (iii) the name and address of the requested beneficiary or beneficiaries of the Letter of Credit. The Borrower will also
complete any application procedures and documents reasonably required by the Issuing Lender in connection with the issuance of any Letter of Credit. Upon its issuance of any Letter of Credit, the Issuing Lender will promptly notify the
Administrative Agent of such issuance, and the Administrative Agent will give prompt notice thereof to each Dollar Lender. The renewal or extension of any outstanding Letter of Credit shall, for purposes of this Section 2.19, be treated
in all respects as the issuance of a new Letter of Credit. 
 (c) Participations. Immediately upon the issuance of any
Letter of Credit, the Issuing Lender shall be deemed to have sold and transferred to each Dollar Lender, and each Dollar Lender shall be deemed irrevocably and unconditionally to have purchased and received from the Issuing Lender, without recourse
or warranty (except for the absence of Liens thereon created, incurred or suffered to exist by, through or under the Issuing Lender), an undivided interest and participation, pro rata (based on the proportion that its Dollar Commitment bears to the
aggregate Dollar Commitments at such time, or if the Dollar Commitments have been terminated, based on the proportion that its Dollar Commitment bears to the aggregate Dollar Commitments, in each case immediately prior to the termination thereof),
in such Letter of Credit, each drawing made thereunder and the obligations of the Borrower under this Agreement with respect thereto and any guaranty pertaining thereto; provided, however, that the fee relating to Letters of Credit
described in Section 2.9(d) shall be payable directly to the Issuing Lender as provided therein, and the other Dollar Lenders shall have no right to receive any portion thereof. In consideration and in furtherance of the foregoing, each
Dollar Lender hereby absolutely and unconditionally agrees to pay to the Administrative Agent, for the account of the Issuing Lender, such Dollar Lender’s pro rata share (determined as provided above) of each Reimbursement Obligation not
reimbursed by the Borrower on the date due as provided in Section 2.19(d) or through the Borrowing of Dollar Loans as provided in Section 2.19(e) (because the conditions set forth in Section 3.2 cannot be
satisfied, or for any other reason), or of any reimbursement payment required to be refunded to the Borrower for any reason. Upon any change in the Commitments of any of the Dollar Lenders, with respect to all outstanding Letters of Credit and
Reimbursement Obligations there shall be an automatic adjustment to the participations pursuant to this Section 2.19(c) to reflect the new pro rata shares of the assigning Dollar Lender and the assignee. Each Dollar Lender’s
obligation to make payment to the Issuing Lender pursuant to this Section 2.19(c) shall be absolute and unconditional and shall not be affected by any circumstance whatsoever, including the termination of the Dollar Commitments or the
existence of any Default or Event of Default, and each such payment shall be made without any offset, abatement, reduction or withholding whatsoever. 
  

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 (d) Reimbursement. The Borrower hereby agrees to reimburse the Issuing Lender by
making payment to the Administrative Agent, for the account of the Issuing Lender, in immediately available funds, for any payment made by the Issuing Lender under any Letter of Credit (each such amount so paid until reimbursed, together with
interest thereon payable as provided hereinbelow, a “Reimbursement Obligation”) immediately upon, and in any event on the same Business Day as, the making of such payment by the Issuing Lender (provided that any such Reimbursement
Obligation shall be deemed timely satisfied (but nevertheless subject to the payment of interest thereon as provided hereinbelow) if satisfied pursuant to a Borrowing of Dollar Loans made on the date of such payment by the Issuing Lender, as set
forth more completely in Section 2.19(e)), together with interest on the amount so paid by the Issuing Lender, to the extent not reimbursed prior to 2:00 p.m., Charlotte, North Carolina time, on the date of such payment or disbursement,
for the period from the date of the respective payment to the date the Reimbursement Obligation created thereby is satisfied, at the Adjusted Base Rate applicable to Dollar Loans as in effect from time to time during such period, such interest also
to be payable on demand. The Issuing Lender will provide the Administrative Agent and the Borrower with prompt notice of any payment or disbursement made or to be made under any Letter of Credit, although the failure to give, or any delay in giving,
any such notice shall not release, diminish or otherwise affect the Borrower’s obligations under this Section 2.19(d) or any other provision of this Agreement. The Administrative Agent will promptly pay to the Issuing Lender any
such amounts received by it under this Section 2.19(d). 
 (e) Payment by Dollar Loans. In the event that the
Issuing Lender makes any payment under any Letter of Credit and the Borrower shall not have timely satisfied in full its Reimbursement Obligation to the Issuing Lender pursuant to Section 2.19(d), and to the extent that any amounts then
held in the Cash Collateral Account established pursuant to Section 2.19(i) shall be insufficient to satisfy such Reimbursement Obligation in full, the Issuing Lender will promptly notify the Administrative Agent, and the Administrative
Agent will promptly notify each Dollar Lender, of such failure. If the Administrative Agent gives such notice prior to 12:00 noon, Charlotte, North Carolina time, on any Business Day, each Dollar Lender will make available to the Administrative
Agent, for the account of the Issuing Lender, its pro rata share (based on the percentage of the aggregate Dollar Commitments represented by such Lender’s Dollar Commitment) of the amount of such payment on such Business Day in immediately
available funds. If the Administrative Agent gives such notice after 12:00 noon, Charlotte, North Carolina time, on any Business Day, each such Dollar Lender shall make its pro rata share of such amount available to the Administrative Agent on the
next succeeding Business Day. If and to the extent any Dollar Lender shall not have so made its pro rata share of the amount of such payment available to the Administrative Agent, such Dollar Lender agrees to pay to the Administrative Agent, for the
account of the Issuing Lender, forthwith on demand such amount, together with interest thereon at the Federal Funds Rate for each day from such date until the date such amount is paid to the Administrative Agent. The failure of any Dollar Lender to
make available to the Administrative Agent its pro rata share of any payment under any Letter of Credit shall not relieve any other Dollar Lender of its obligation hereunder to make available to the Administrative Agent its pro rata share of any
payment under any Letter of Credit on the date required, as specified above, but no Dollar Lender shall be responsible for the failure of any other Dollar Lender to make available to the Administrative Agent such other Dollar Lender’s pro rata
share of any such payment. Each such payment by a Dollar Lender under this Section 2.19(e) of its pro rata share of an amount paid by the Issuing Lender shall constitute a Dollar 

 

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Loan by such Dollar Lender (the Borrower being deemed to have given a timely Notice of Borrowing therefor) and shall be treated as such for all purposes of this Agreement; provided that
for purposes of determining the aggregate Unutilized Dollar Commitments immediately prior to giving effect to the application of the proceeds of such Dollar Loans, the Reimbursement Obligation being satisfied thereby shall be deemed not to be
outstanding at such time. Each Dollar Lender’s obligation to make Dollar Loans pursuant to this Section 2.19(e) shall be absolute and unconditional and shall not be affected by any circumstance whatsoever, including, without
limitation, the failure of the amount of such Borrowing of Dollar Loans to meet the minimum Borrowing amount specified in Section 2.2(b); provided, however, that each Dollar Lender’s obligation to make Dollar Loans
pursuant to this Section 2.19(e) is subject to the conditions set forth in Section 3.2 (other than delivery by the Borrower of a Notice of Borrowing). 

(f) Payment to Dollar Lenders. Whenever the Issuing Lender receives a payment in respect of a Reimbursement Obligation as to which
the Administrative Agent has received, for the account of the Issuing Lender, any payments from the Dollar Lenders pursuant to Section 2.19(e), the Issuing Lender will promptly pay to the Administrative Agent, and the Administrative
Agent will promptly pay to each Dollar Lender that has paid its pro rata share thereof, in immediately available funds, an amount equal to such Dollar Lender’s ratable share (based on the proportionate amount funded by such Dollar Lender to the
aggregate amount funded by all Dollar Lenders) of such Reimbursement Obligation. 
 (g) Existing Letters of Credit. The
Borrower and the Lenders agree that, on and as of the Closing Date, each Existing Letter of Credit issued for the account of the Borrower or any of its Subsidiaries will be deemed continued for the account of such Person under this Agreement as a
Letter of Credit issued pursuant to this Section 2.19. 
 (h) Obligations Absolute. The Reimbursement
Obligations of the Borrower shall be irrevocable, shall remain in effect until the Issuing Lender shall have no further obligations to make any payments or disbursements under any circumstances with respect to any Letter of Credit, and shall be
absolute and unconditional, shall not be subject to counterclaim, setoff or other defense or any other qualification or exception whatsoever and shall be made in accordance with the terms and conditions of this Agreement under all circumstances,
including, without limitation, any of the following circumstances: 
 (i) Any lack of validity or enforceability
of this Agreement, any of the other Credit Documents or any documents or instruments relating to any Letter of Credit; 

(ii) Any change in the time, manner or place of payment of, or in any other term of, all or any of the Obligations in
respect of any Letter of Credit or any other amendment, modification or waiver of or any consent to departure from any Letter of Credit or any documents or instruments relating thereto, in each case whether or not the Borrower has notice or
knowledge thereof; 
 (iii) The existence of any claim, setoff, defense or other right that the Borrower may have
at any time against a beneficiary named in a Letter of Credit, any transferee of any Letter of Credit (or any Person for whom any such transferee may be acting), the 

 

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Administrative Agent, the Issuing Lender, any Lender or other Person, whether in connection with this Agreement, any Letter of Credit, the transactions contemplated hereby or any unrelated
transactions (including any underlying transaction between the Borrower and the beneficiary named in any such Letter of Credit); 

(iv) Any draft, certificate or any other document presented under the 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 (provided that such draft, certificate or other document appears on its face to comply with the terms of such Letter of Credit), any errors,
omissions, interruptions or delays in transmission or delivery of any messages, by mail, telecopier or otherwise, or any errors in translation or in interpretation of technical terms; 

(v) Any defense based upon the failure of any drawing under a Letter of Credit to conform to the terms of the Letter of
Credit (provided that any draft, certificate or other document presented pursuant to such Letter of Credit appears on its face to comply with the terms thereof), any nonapplication or misapplication by the beneficiary or any transferee of the
proceeds of such drawing or any other act or omission of such beneficiary or transferee in connection with such Letter of Credit; 

(vi) The exchange, release, surrender or impairment of any collateral or other security for the Obligations; 

(vii) The occurrence of any Default or Event of Default; or 

(viii) Any other circumstance or event whatsoever, including, without limitation, any other circumstance that might
otherwise constitute a defense available to, or a discharge of, the Borrower or a Guarantor. 
 Any action taken or omitted to be taken by the
Issuing Lender under or in connection with any Letter of Credit, if taken or omitted in the absence of gross negligence or willful misconduct, shall be binding upon the Borrower and each Lender and shall not create or result in any liability of the
Issuing Lender to the Borrower or any Lender. It is expressly understood and agreed that, for purposes of determining whether a wrongful payment under a Letter of Credit resulted from the Issuing Lender’s gross negligence or willful misconduct,
(i) the Issuing Lender’s acceptance of documents that appear on their face to comply with the terms of such Letter of Credit, without responsibility for further investigation, regardless of any notice or information to the contrary,
(ii) the Issuing Lender’s exclusive reliance on the documents presented to it under such Letter of Credit as to any and all matters set forth therein, including the amount of any draft presented under such Letter of Credit, whether or not
the amount due to the beneficiary thereunder equals the amount of such draft and whether or not any document presented pursuant to such Letter of Credit proves to be insufficient in any respect (so long as such document appears on its face to comply
with the terms of such Letter of Credit), and whether or not any other statement or any other document presented pursuant to such Letter of Credit proves to be forged or invalid or any statement therein proves to be inaccurate or untrue in any
respect whatsoever, and (iii) any noncompliance in any immaterial respect of the documents presented under such Letter of Credit with the terms thereof shall, in each case, be deemed not to constitute gross negligence or willful misconduct of
the Issuing Lender. 
  

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 (i) Cash Collateral Account. At any time and from time to time (i) after the
occurrence and during the continuance of an Event of Default, the Administrative Agent may, and at the direction or with the consent of the Required Dollar Lenders shall, require the Borrower to deliver to the Administrative Agent such additional
amount of cash as is equal to 100% of the aggregate Stated Amount of all Letters of Credit at any time outstanding (whether or not any beneficiary under any Letter of Credit shall have drawn or be entitled at such time to draw thereunder) and
(ii) in the event of a prepayment under Section 2.6(b), the Administrative Agent will retain such amount as may then be required to be retained, such amounts to be held by the Administrative Agent in a cash collateral account (the
“Cash Collateral Account”). The Borrower hereby grants to the Administrative Agent, for the benefit of the Issuing Lender and the Dollar Lenders, a Lien upon and security interest in the Cash Collateral Account and all amounts held
therein from time to time as security for Letter of Credit Exposure, and for application to the Borrower’s Reimbursement Obligations as and when the same shall arise. The Administrative Agent shall have exclusive dominion and control, including
the exclusive right of withdrawal, over such account. Other than any interest on the investment of such amounts in Cash Equivalents, which investments shall be made at the direction of the Borrower (unless a Default or Event of Default shall have
occurred and be continuing, in which case the determination as to investments shall be made at the option and in the discretion of the Administrative Agent), amounts in the Cash Collateral Account shall not bear interest. Interest and profits, if
any, on such investments shall accumulate in such account. In the event of a drawing, and subsequent payment by the Issuing Lender, under any Letter of Credit at any time during which any amounts are held in the Cash Collateral Account, the
Administrative Agent will deliver to the Issuing Lender an amount equal to the Reimbursement Obligation created as a result of such payment (or, if the amounts so held are less than such Reimbursement Obligation, all of such amounts) to reimburse
the Issuing Lender therefor. Any amounts remaining in the Cash Collateral Account (including interest) after the expiration of all Letters of Credit and reimbursement in full of the Issuing Lender for all of its obligations thereunder shall be held
by the Administrative Agent, for the benefit of the Borrower, to be applied against the Obligations in such order and manner as the Administrative Agent may direct. If the Borrower is required to provide cash collateral pursuant to
Section 2.6(b), such amount (including interest), to the extent not applied as aforesaid, shall be returned to the Borrower on demand, provided that after giving effect to such return (i) the Aggregate Revolving Dollar Credit
Exposure would not exceed the aggregate Dollar Commitments at such time and (ii) no Default or Event of Default shall have occurred and be continuing at such time. If the Borrower is required to provide cash collateral as a result of an Event
of Default, such amount (to the extent not applied as aforesaid) shall be returned to the Borrower within three Business Days after all Events of Default have been cured or waived. 

(j) The Issuing Lender. The Issuing Lender shall act on behalf of the Dollar Lenders with respect to any Letters of Credit issued
by it and the documents associated therewith, and the Issuing Lender shall have all of the rights, benefits and immunities (a) provided to the Administrative Agent in Article IX with respect to any acts taken or omissions suffered by it
in connection with Letters of Credit issued by it or proposed to be issued by it and any documents pertaining to such Letters of Credit as fully as if the term “Administrative Agent” as used in Article IX included the Issuing Lender
with respect to such acts or omissions, and (b) as additionally provided herein with respect to the Issuing Lender. 
  

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 (k) Effectiveness. Notwithstanding any termination of the Commitments or repayment of
the Loans, or both, the obligations of the Borrower under this Section 2.19 shall remain in full force and effect until the Issuing Lender and the Dollar Lenders shall have no further obligations to make any payments or disbursements
under any circumstances with respect to any Letter of Credit. 
 2.20 Increase in Commitments 

(a) From time to time on and after the Closing Date and prior to the Termination Date, the Borrower may, upon at least 30 days’
notice to the Administrative Agent (which shall promptly provide a copy of such notice to the Lenders), propose to increase the aggregate amount of the Commitments of any Class by an amount which (i) is not less than $10,000,000 or, if greater,
an integral multiple of $1,000,000 in excess thereof, with respect to any such request and (ii) when aggregated with all prior and concurrent increases in the Commitments of all Classes pursuant to this Section 2.20, is not in
excess of $100,000,000. The Borrower may increase the aggregate amount of the Commitments by (x) having another lender or lenders (each, an “Additional Lender”) become party to this Agreement, (y) agreeing with any Lender
(with the consent of such Lender in its sole discretion) to increase its Commitment hereunder (each, an “Increasing Lender”) or (z) a combination of the procedures described in clauses (x) and (y) of this sentence;
provided that no Lender shall be obligated to increase its Commitment without its consent. 
 (b) Any increase in the
Commitments pursuant to this Section 2.20 shall be subject to satisfaction of the following conditions: 

(i) The Borrower shall deliver to the Administrative Agent a certificate of the Borrower dated as of the applicable
increase date signed by an Authorized Officer of the Borrower certifying and attaching the resolutions adopted by the Borrower approving or consenting to such increase; 

(ii) Each of the representations and warranties contained in Article IV and in the other Credit Documents
qualified as to materiality shall be true and correct and those not so qualified shall be true and correct in all material respects, in each case on and as of such date of increase with the same effect as if made on and as of such date, both
immediately before and after giving effect to such increase (except to the extent any such representation or warranty is expressly stated to have been made as of a specific date, in which case such representation or warranty shall be true and
correct as of such date); and 
 (iii) At the time of such increase, no Default or Event of Default shall have
occurred and be continuing or would result from such increase. 
 (c) Upon any increase in the amount of the Commitments
pursuant to this Section 2.20 (each, an “Additional Commitment”): 
 (i) Each
Additional Lender or Increasing Lender shall enter into a Joinder Agreement pursuant to which such Additional Lender and/or Increasing Lender shall, as of the effective date of such increase, undertake an Additional Commitment (or, in the case of an
Increasing Lender, pursuant to which such Increasing Lender’s Commitment shall be increased in the agreed amount on such date) and such Additional Lender shall thereupon become (or, if an Increasing Lender, continue to be) a
“Lender” for all purposes hereof. 
  

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 (ii) The Borrower shall, as applicable, in coordination with the
Administrative Agent, repay all outstanding Loans of the affected Class and incur additional Loans of the affected Class from other Lenders of such Class in each case so that the Lenders participate in each Borrowing of such Class pro rata on the
basis of their respective Commitments of such Class (after giving effect to any increase in the Commitments pursuant to this Section 2.20) and amounts payable under Section 2.17 as a result of the actions required to be taken
under this Section 2.20 shall be paid in full by the Borrower; and 
 (iii) If any such Additional
Lender is a Foreign Lender, such Additional Lender shall deliver the forms required by Section 2.16(e). 
 2.21
Defaulting Lenders. Notwithstanding anything contained in this Agreement to the contrary, in the event that any Lender becomes a Defaulting Lender, then the following provisions shall apply for so long as such Lender is a Defaulting Lender:

 (a) fees shall cease to accrue on the Unutilized Commitment of such Defaulting Lender pursuant to Section 2.9(b);

 (b) the Commitments and Revolving Credit Exposure of such Defaulting Lender shall not be included in determining whether the
Required Lenders have taken or may take any action hereunder (including any consent to any amendment or waiver pursuant to Section 10.5), except that the Commitments of such Defaulting Lender may not be increased or extended without the
consent of such Lender; 
 (c) if such Defaulting Lender is a Dollar Lender and if there shall be any outstanding Letter of
Credit or Swingline Loan during any time such Lender is a Defaulting Lender, then: 
 (i) all or any part of such
Defaulting Lender’s Swingline Exposure and Letter of Credit Exposure shall be reallocated among the non-Defaulting Lenders that are Dollar Lenders in accordance with their respective pro rata shares (based on the proportion that its Dollar
Commitment bears to the aggregate Dollar Commitments at such time, or if the Dollar Commitments have been terminated or expired, based on the Dollar Commitments most recently in effect, in each case disregarding any Defaulting Lender) but only to
the extent that with respect to each such non-Defaulting Lender the Revolving Dollar Credit Exposure of such non-Defaulting Lender (in its capacity as a Dollar Lender) outstanding at such time (after giving effect to any such reallocation) does not
exceed such non-Defaulting Lender’s Dollar Commitment; 
  

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 (ii) if the reallocation described in clause (i) above cannot, or can
only partially, be effected, including after repayment of any Dollar Loans that the Borrower elects to repay to effect the reallocation, the Borrower shall, within one Business Day following written notice from the Administrative Agent demanding the
deposit of cash collateral pursuant to this Section 2.21, pay to the Administrative Agent for the benefit of the Dollar Lenders, for deposit in an interest bearing cash deposit account to be established and maintained by the
Administrative Agent, over which the Administrative Agent shall have sole dominion and control, upon such terms as may be satisfactory to the Administrative Agent (the “Defaulting Lender Collateral Account”), an amount in cash,
which to the extent allowed by law shall be free and clear of all rights and claims of third parties, equal to such Defaulting Lender’s Swingline Exposure and Letter of Credit Exposure (the “Defaulting Lender Share”) (after
giving effect to any partial reallocation pursuant to clause (i) above) for so long as such Defaulting Lender Share is outstanding, but only to the extent that the reallocation described in clause (i) above cannot be made from time to
time; provided that (w) if at any time the Administrative Agent determines that the amount on deposit in the Defaulting Lender Collateral Account shall be less than such Defaulting Lender Share (after giving effect to any partial
reallocation pursuant to clause (i) above), the Administrative Agent may make demand on the Borrower to pay, and the Borrower will, within one Business Day after written notice from the Administrative Agent making such demand, pay to the
Administrative Agent an amount equal to such deficiency, which funds shall be deposited in the Defaulting Lender Collateral Account, (x) amounts held in the Defaulting Lender Collateral Account will be paid as necessary from time to time,
(A) to the Issuing Lender, on account of amounts owing by such Defaulting Lender pursuant to Section 2.19, and (B) to the Swingline Lender, on account of amounts owing by such Defaulting Lender pursuant to Sections
2.2(e) and 2.2(f), and, in each case, such amounts will not become Dollar Loans of such Defaulting Lender under the terms of such provisions, (y) if the Borrower is required to provide an amount of cash collateral under this clause
(ii), such amount (to the extent not applied as aforesaid) shall be returned to the Borrower within three Business Days after a Defaulting Lender has been determined in accordance with the terms of this Section 2.21 to no longer be a
Defaulting Lender or such Defaulting Lender has been replaced by another Lender pursuant to Section 2.18, and (z) amounts in such Defaulting Lender Collateral Account shall be repaid to the Borrower to the extent not required as
collateral from time to time pursuant to the provisions of this clause (ii); 
 (iii) if the Borrower cash
collateralizes any portion of such Defaulting Lender Share pursuant to Section 2.21(c), the Borrower shall not be required to pay any fees to such Defaulting Lender pursuant to Section 2.9(c) with respect to such Defaulting
Lender Share during the period such Defaulting Lender Share is cash collateralized; 
 (iv) if the pro rata share
of the Stated Amount of outstanding Letters of Credit of the non-Defaulting Lenders is reallocated pursuant to Section 2.21(c), then the fees payable to the Dollar Lenders pursuant to Section 2.9(b) and
Section 2.9(c) shall be adjusted in accordance with such non-Defaulting Lenders’ pro rata shares thereof; and 

(v) if any Defaulting Lender Share is neither cash collateralized nor reallocated pursuant to Section 2.21(c),
then, without prejudice to any rights or remedies 
  

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of the Issuing Lender or any Lender hereunder, the fee payable under Section 2.9(c) with respect to such Defaulting Lender Share shall be payable to the Issuing Lender until such
Defaulting Lender Share is cash collateralized and/or reallocated; 
 (d) to the extent the Administrative Agent receives any
payments or other amounts for the account of a Defaulting Lender, such Defaulting Lender shall be deemed to have requested that the Administrative Agent use such payment or other amount to fulfill such Defaulting Lender’s previously unsatisfied
payment obligations hereunder; and 
 (e) for the avoidance of doubt, each of the Borrower, the Issuing Lender, the
Administrative Agent and each Lender shall retain and reserve its other rights and remedies respecting each Defaulting Lender. 

In the event that the Administrative Agent, the Borrower and the Issuing Lender each agrees that a Defaulting Lender has adequately
remedied all matters that caused such Lender to be a Defaulting Lender, then the pro rata shares of the Lenders shall be readjusted to reflect the inclusion of such Lender’s Commitment and on such date such Lender shall purchase at par such of
the Loans of the other Lenders as the Administrative Agent shall determine may be necessary in order for such Lender to hold such Loans in accordance with its pro rata share. In addition, at such time as the Defaulting Lender is replaced by another
Lender pursuant to Section 2.18, the pro rata shares of the Lenders will be readjusted to reflect the inclusion of the replacing Lender’s Commitment. In either such case, this Section 2.21 will no longer apply.

 2.22 Additional Reserve Costs. 

(a) If and for so long as any Multicurrency Lender is required to make special deposits with the Bank of England, to maintain reserve
asset ratios or to pay fees, in each case in respect of such Multicurrency Lender’s LIBOR Loans in any Foreign Currency, such Multicurrency Lender may require the Borrower to pay, contemporaneously with each payment of interest on each of such
LIBOR Loans, additional interest on such LIBOR Loan at a rate per annum equal to the Mandatory Costs Rate calculated in accordance with the formula and in the manner set forth in Schedule 1.1(c) hereto. 

(b) If and for so long as any Multicurrency Lender is required to comply with reserve assets, liquidity, cash margin or other
requirements of any monetary or other authority (including any such requirement imposed by the European Central Bank or the European System of Central Banks, but excluding requirements reflected in the Reserve Requirement or the Mandatory Costs
Rate) in respect of any of such Multicurrency Lender’s LIBOR Loans in any Foreign Currency, such Multicurrency Lender may require the Borrower to pay, contemporaneously with each payment of interest on each of such Multicurrency Lender’s
LIBOR Loans subject to such requirements, additional interest on such LIBOR Loan at a rate per annum specified by such Multicurrency Lender to be the cost to such Multicurrency Lender of complying with such requirements in relation to such LIBOR
Loan. 
 (c) Any additional interest owed pursuant to paragraph (a) or (b) above shall be determined by the relevant
Multicurrency Lender, which determination shall be conclusive absent manifest error, and notified to the Borrower (with a copy to the Administrative Agent) in 

 

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reasonable detail at least five Business Days before each date on which interest is payable for the relevant Multicurrency Loan, and such additional interest so notified to the Borrower by such
Multicurrency Lender shall be payable to the Administrative Agent for the account of such Multicurrency Lender on each date on which interest is payable for such Multicurrency Loan. 

ARTICLE III 

CONDITIONS OF BORROWING 

3.1 Conditions of Initial Borrowing. The Closing Date shall occur upon the satisfaction of the following conditions precedent:

 (a) The Administrative Agent shall have received the following, each of which shall be originals or telecopies or in an
electronic format acceptable to the Administrative Agent (followed promptly by originals) unless otherwise specified, each properly executed by a Responsible Officer of the applicable Credit Party, each dated as of the Closing Date (or, in the case
of certificates of governmental officials, a recent date prior to the Closing Date) and each in a form and substance reasonably satisfactory to the Administrative Agent and each of the Lenders: 

(i) executed counterparts of this Agreement in such number of copies as the Administrative Agent shall have required;

 (ii) to the extent requested by any Lender in accordance with Section 2.4(d), a Note or Notes for
such Lender, in each case duly completed in accordance with the provisions of Section 2.4(d) and executed by the Borrower; 

(iii) the Guaranty, duly completed and executed by the Subsidiary Guarantors, which shall include each Wholly-Owned
Subsidiary of the Borrower, other than any Foreign Subsidiary to the extent doing so would cause adverse tax or regulatory consequences to the Borrower; 

(iv) if any LIBOR Loans are to be borrowed prior to the
3rd Business Day after the Closing Date, the
Administrative Agent shall have received, 3 Business Days prior to the date such LIBOR Loans are to be borrowed, a pre-funding LIBOR indemnity letter from the Borrower and a completed Notice of Borrowing; 

(v) a certificate, signed by an Authorized Officer of the Borrower, certifying that (i) all representations and
warranties of the Credit Parties contained in this Agreement and the other Credit Documents qualified as to materiality shall be true and correct and those not so qualified shall be true and correct in all material respects, in each case as of the
Closing Date, both immediately before and after giving effect to the transactions contemplated hereby (except to the extent any such representation or warranty is expressly stated to have been made as of a specific date, in which case such
representation or warranty shall be true and correct as of such date), (ii) no Default or Event of Default has occurred and is continuing, both immediately before and after giving effect to the transactions contemplated hereby, (iii) both
immediately before and 
  

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after giving effect to the transactions contemplated hereby, no Material Adverse Effect has occurred since December 31, 2009, and there exists no event, condition or state of facts that
could reasonably be expected to result in a Material Adverse Effect, and (iv) all conditions to the initial extensions of credit hereunder set forth in this Section 3.1 and in Section 3.2 have been satisfied or waived as
required hereunder; 
 (vi) a certificate of the secretary or an assistant secretary of each Credit Party
executing any Credit Documents as of the Closing Date, certifying (i) that attached thereto is a true and complete copy of the articles or certificate of incorporation, certificate of formation or other organizational document and all
amendments thereto of such Credit Party, certified as of a recent date by the Secretary of State (or comparable Governmental Authority) of its jurisdiction of organization, and that the same has not been amended since the date of such certification,
(ii) that attached thereto is a true and complete copy of the bylaws, operating agreement or similar governing document of such Credit Party, as then in effect and as in effect at all times from the date on which the resolutions referred to in
clause (iii) below were adopted to and including the date of such certificate, and (iii) that attached thereto is a true and complete copy of resolutions adopted by the board of directors (or similar governing body) of such Credit Party,
authorizing the execution, delivery and performance of this Agreement and the other Credit Documents to which it is a party, and as to the incumbency and genuineness of the signature of each officer of such Credit Party executing this Agreement or
any of such other Credit Documents, and attaching all such copies of the documents described above; 
 (vii) a
certificate as of a recent date of the good standing of each Credit Party executing any Credit Documents as of the Closing Date, under the laws of its jurisdiction of organization, from the Secretary of State (or comparable Governmental Authority)
of such jurisdiction; and 
 (viii) a Financial Conditions Certificate executed by the chief financial officer of
the Borrower containing the copies of the financial statements referred to in Section 4.11 and confirming that, as of the Closing Date, after giving effect to the consummation of the transactions contemplated hereby, the Borrower and its
Subsidiaries on a consolidated basis are solvent. 
 (b) All approvals, permits and consents of any Governmental Authorities,
any Self-Regulatory Organizations, or other Persons required in connection the consummation of any of the transactions contemplated hereby shall have been obtained, without the imposition of conditions that are materially adverse to the
Administrative Agent or the Lenders; all applicable waiting periods shall have expired without any adverse action being taken or threatened by any Governmental Authority or Self-Regulatory Organization having jurisdiction; and no action, proceeding,
investigation, regulation or legislation shall have been instituted, threatened or proposed before, and no order, injunction or decree shall have been entered by, any court or other Governmental Authority or any Self-Regulatory Organization, in each
case to enjoin, restrain or prohibit, to obtain substantial damages in respect of, or to impose materially adverse conditions upon, this Agreement, any of the other Credit Documents or the consummation of the transactions contemplated hereby or that
could reasonably be expected to have a Material Adverse Effect. 
  

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 (c) The Borrower shall have (i) amended its existing Credit Agreement, dated as of
January 12, 2007, as amended by the First Amendment to Credit Agreement dated as of August 24, 2007, the Second Amendment to Credit Agreement dated as of June 13, 2008, and as amended and restated by the Amendment and Restatement
Agreement, dated as of April 9, 2009, with Wells Fargo, as administrative agent, BofA, as syndication agent and the lenders party thereto (the “Existing 2007 Credit Facility”) to (x) permit the consummation of the
transactions contemplated hereby, and (y) make certain other amendments thereto requested by the Borrower and reasonably satisfactory to the Administrative Agent and (ii) complied with all terms and conditions in the definitive
documentation of such amendment. 
 (d) The Borrower shall have (i) amended its existing Credit Agreement, dated as of
April 9, 2009, with Wells Fargo, as administrative agent, BofA, as syndication agent and the lenders party thereto, providing for a revolving credit facility in the aggregate principal amount of $100,000,000 and a term loan credit facility in
the amount of $200,000,000 (the “Existing 2009 Credit Facility”), to (x) permit the consummation of the transactions contemplated hereby, (y) terminate the revolving credit commitments of the lenders thereunder, and
(z) make certain other amendments thereto requested by the Borrower and reasonably satisfactory to the Administrative Agent and (ii) complied with all terms and conditions in the definitive documentation of such amendment. 

(e) (i) All principal, interest and other amounts outstanding under the Borrower’s existing Credit Agreement, dated as of
April 9, 2009, with ICE Trust, Wells Fargo, as administrative agent, BofA, as syndication agent and the lenders party thereto, providing for a 364-day revolving credit facility in the aggregate principal amount of $300,000,000 (the
“Terminating Liquidity Facility”) shall be paid in full, and (ii) all commitments to extend credit under the agreements and instruments relating to the Terminating Liquidity Facility and all guarantees relating thereto shall be
terminated; and the Administrative Agent shall have received evidence of the foregoing satisfactory to it. 
 (f) Since
December 31, 2009, both immediately before and after giving effect to the transactions contemplated hereby, there shall not have occurred (i) a Material Adverse Effect or (ii) any event, condition or state of facts that could
reasonably be expected to have a Material Adverse Effect. 
 (g) The Borrower shall have paid (i) to the Arrangers, the
fees required under the Joint Fee Letter to be paid to them on the Closing Date, in the amounts due and payable on the Closing Date as required by the terms thereof, (ii) to the Administrative Agent, the initial payment of the annual
administrative fee described in the Wells Fargo Fee Letter, and (iii) all other fees and reasonable expenses of the Arrangers, the Administrative Agent and the Lenders required to be paid on or prior to the Closing Date (including reasonable
fees and expenses of counsel) in connection with this Agreement and the other Credit Documents. 
 (h) The Administrative Agent
shall have received an Account Designation Letter, together with written instructions from an Authorized Officer of the Borrower, including wire transfer information, directing the payment of the proceeds of any Loans made hereunder. 

 

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 (i) Each of the Administrative Agent and each Lender shall have received
such other documents, certificates, opinions and instruments in connection with the transactions contemplated hereby as it shall have reasonably requested (including but not limited to legal opinions of counsel to the Borrower and its Subsidiaries).

 3.2 Conditions of All Borrowings. The obligation of each Lender to make any Loans hereunder (excluding Revolving Loans
made for the purpose of repaying Refunded Swingline Loans pursuant to Section 2.2(e)), and the obligation of the Issuing Lender to issue any Letters of Credit hereunder, is subject to the satisfaction of the following conditions
precedent on the relevant Borrowing Date: 
 (a) The Administrative Agent shall have received a Notice of Borrowing in
accordance with Section 2.2(b), or (together with the Swingline Lender) a Notice of Swingline Borrowing in accordance with Section 2.2(d) or (together with the Issuing Lender) a Letter of Credit Notice in accordance with
Section 2.19(b), as applicable; 
 (b) Each of the representations and warranties contained in
Article IV and in the other Credit Documents qualified as to materiality shall be true and correct and those not so qualified shall be true and correct in all material respects, in each case on and as of such Borrowing Date (including
the Closing Date, in the case of the any Loans made on the Closing Date hereunder) or such date of issuance of a Letter of Credit with the same effect as if made on and as of such date, both immediately before and after giving effect to the Loans to
be made or Letter of Credit to be issued on such date (except to the extent any such representation or warranty is expressly stated to have been made as of a specific date, in which case such representation or warranty shall be true and correct as
of such date); and 
 (c) No Default or Event of Default shall have occurred and be continuing on such date, both immediately
before and after giving effect to the Loans to be made or Letter of Credit to be issued on such date. 
 Each giving of a Notice of Borrowing, a
Notice of Swingline Borrowing or a Letter of Credit Notice, and the consummation of each Borrowing or issuance of a Letter of Credit, shall be deemed to constitute a representation by the Borrower that the statements contained in Sections
3.2(b) and 3.2(c) are true, both as of the date of such notice or request and as of the relevant Borrowing Date or date of issuance. 

ARTICLE IV 

REPRESENTATIONS AND WARRANTIES 

To induce the Administrative Agent and the Lenders to enter into this Agreement and to induce the Lenders to extend the credit
contemplated hereby, the Borrower represents and warrants to the Administrative Agent and the Lenders as follows: 
 4.1
Corporate Organization and Power. Each Credit Party (i) is a corporation or a limited liability company duly organized or formed, validly existing and in good standing under the laws of the jurisdiction of its incorporation or formation,
as the case may be (which 
  

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jurisdictions, as of the Closing Date, are set forth on Schedule 4.1), (ii) has the full corporate or limited liability company power and authority to execute, deliver and
perform the Credit Documents to which it is or will be a party, to own and hold its property and to engage in its business as presently conducted, and (iii) is duly qualified to do business as a foreign corporation or limited liability company
and is in good standing in each jurisdiction where the nature of its business or the ownership of its properties requires it to be so qualified, except where the failure to be so qualified, individually or in the aggregate, could not reasonably be
expected to have a Material Adverse Effect. 
 4.2 Authorization; Enforceability. Each Credit Party has taken all
necessary corporate or limited liability action, as applicable, to execute, deliver and perform each of the Credit Documents to which it is a party, and has (or on any later date of execution and delivery will have) validly executed and delivered
each of the Credit Documents to which it is a party. This Agreement constitutes, and each of the other Credit Documents upon execution and delivery will constitute, the legal, valid and binding obligation of each Credit Party that is a party hereto
or thereto, enforceable against it in accordance with its terms, except as enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting creditors’ rights generally, by general equitable
principles or by principles of good faith and fair dealing (regardless of whether enforcement is sought in equity or at law). 

4.3 No Violation. The execution, delivery and performance by each Credit Party of each of the Credit Documents to which it is a
party, and compliance by it with the terms hereof and thereof, do not and will not (i) violate any provision of its articles or certificate of incorporation or formation, its bylaws or operating agreement, or other applicable formation or
organizational documents, (ii) contravene any other Requirement of Law applicable to it, (iii) conflict with, result in a breach of or constitute (with notice, lapse of time or both) a default under any indenture, mortgage, lease,
agreement, contract or other instrument to which it is a party, by which it or any of its properties is bound or to which it is subject, or (iv) result in or require the creation or imposition of any Lien, other than a Permitted Lien, upon any
of its properties, revenues or assets; except, in the case of clauses (ii) and (iii) above, where such violations, conflicts, breaches or defaults, individually or in the aggregate, could not reasonably be expected to have a Material
Adverse Effect. 
 4.4 Governmental and Third-Party Authorization; Permits. No consent, approval, authorization or other
action by, notice to, or registration or filing with, any Governmental Authority, Self-Regulatory Organization, or other Person is required as a condition to or otherwise in connection with the due execution, delivery and performance by each Credit
Party of this Agreement or any of the other Credit Documents to which it is a party or the legality, validity or enforceability hereof or thereof, other than (i) consents, authorizations and filings that have been made or obtained and that are
in full force and effect, which consents, authorizations and filings are listed on Schedule 4.4, and (ii) consents and filings the failure to obtain or make which, individually or in the aggregate, could not reasonably be expected
to have a Material Adverse Effect. Each Credit Party has, and is in good standing with respect to, all governmental approvals, licenses, permits and authorizations necessary to conduct its business as presently conducted and to own or lease and
operate its properties, except for those the failure to obtain which, individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect. 
  

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 4.5 Litigation. Except as set forth on Schedule 4.5, there are no actions,
investigations, suits or proceedings pending or, to the knowledge of the Borrower, threatened, at law, in equity or in arbitration, before any court, other Governmental Authority, Self-Regulatory Organization, arbitrator or other Person,
(i) against or affecting any of the Credit Parties or any of their respective properties that, if adversely determined, could reasonably be expected to have a Material Adverse Effect, or (ii) with respect to this Agreement, any of the
other Credit Documents or any of the other transactions contemplated hereby or thereby. 
 4.6 Taxes. Each of the
Borrower and its Subsidiaries has timely filed all federal, state, local and foreign tax returns and reports required to be filed by it and has paid, prior to the date on which penalties would attach thereto or a Lien would attach to any of its
properties if unpaid, all taxes, assessments, fees and other charges levied upon it or upon its properties that are shown thereon as due and payable, other than those that are not yet delinquent or that are being contested in good faith and by
proper proceedings and for which adequate reserves have been established in accordance with GAAP. Such returns accurately reflect in all material respects all liability for taxes of the Borrower and its Subsidiaries for the periods covered thereby.
As of the Closing Date, there is no ongoing audit or examination or, to the knowledge of the Borrower, other investigation by any Governmental Authority of the tax liability of any of the Borrower or its Subsidiaries, and there is no material
unresolved claim by any Governmental Authority concerning the tax liability of the Borrower or any of its Subsidiaries for any period for which tax returns have been or were required to have been filed, other than unsecured claims for which adequate
reserves have been established in accordance with GAAP. As of the Closing Date, neither the Borrower nor any of its Subsidiaries has waived or extended or has been requested to waive or extend the statute of limitations relating to the payment of
any taxes. 
 4.7 Subsidiaries. Schedule 4.7 sets forth a list, as of the Closing Date, of all of the
Subsidiaries of the Borrower and as to each such Subsidiary, the percentage ownership (direct and indirect) of the Borrower in each class of its Capital Stock and each direct owner thereof. 

4.8 Full Disclosure. All factual information heretofore, contemporaneously or hereafter furnished in writing to the Administrative
Agent, any Arranger or any Lender by or on behalf of any Credit Party pursuant to this Agreement or the other Credit Documents is or will be true and accurate in all material respects on the date as of which such information is dated or certified
(or, if such information has been updated, amended or supplemented, on the date as of which any such update, amendment or supplement is dated or certified) and not made incomplete by omitting to state a material fact necessary to make the statements
contained herein and therein, in light of the circumstances under which such information was provided, not misleading; provided that, with respect to projections, budgets and other estimates, except as specifically represented in
Section 4.11(b), the Borrower represents only that such information was prepared in good faith based upon assumptions believed to be reasonable at the time. As of the Closing Date, there is no fact known to any Credit Party that has, or
could reasonably be expected to have, a Material Adverse Effect, which fact has not been set forth herein, in the consolidated financial statements of the Borrower and its Subsidiaries furnished to the Administrative Agent and/or the Lenders, or in
any certificate, opinion or other written statement made or furnished by the Borrower to the Administrative Agent and/or the Lenders. 
  

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 4.9 Margin Regulations. No Credit Party is engaged principally, or as one of its
important activities, in the business of extending credit for the purpose of purchasing or carrying Margin Stock. No proceeds of the Loans will be used, directly or indirectly, to purchase or carry any Margin Stock, to extend credit for such purpose
or for any other purpose, in each case that would violate or be inconsistent with Regulations T, U or X or any provision of the Exchange Act. 

4.10 No Material Adverse Effect. There has been no Material Adverse Effect since December 31, 2009 and there exists no event,
condition or state of facts that could reasonably be expected to result in a Material Adverse Effect. 
 4.11 Financial
Matters. 
 (a) The Borrower has heretofore furnished to the Administrative Agent copies of the audited consolidated balance
sheets of the Borrower and its Subsidiaries, for the 2009 and 2008 fiscal years, in each case with the related statements of income, stockholders’ equity, comprehensive income and cash flows for the fiscal years then ended, together with the
opinions of Ernst & Young LLP thereon. Such financial statements have been prepared in accordance with GAAP and present fairly in all material respects the financial condition of the Borrower and its Subsidiaries on a consolidated basis as
of the respective dates thereof and the results of operations of the Borrower and its Subsidiaries on a consolidated basis for the respective periods then ended. Except as fully reflected in the most recent financial statements referred to above and
the notes thereto, there are no material liabilities or obligations with respect to the Borrower and its Subsidiaries of any nature whatsoever (whether absolute, contingent or otherwise and whether or not due) that are required in accordance with
GAAP to be reflected in such financial statements and that are not so reflected. 
 (b) The Borrower has prepared, and has
heretofore furnished to the Administrative Agent a copy of, projected consolidated balance sheets and statements of income and cash flows of the Borrower and its Subsidiaries prepared on an annual basis through the end of fiscal year 2013, giving
effect to the initial extensions of credit made under this Agreement, the payment of transaction fees and expenses related to the foregoing and the consummation of the other transactions contemplated hereby (the “Projections”). In
the good faith opinion of management of the Borrower, the assumptions used in the preparation of the Projections were fair, complete and reasonable when made and continue to be fair, complete and reasonable as of the date hereof. The Projections
have been prepared in good faith by the executive and financial personnel of the Borrower, are complete and represent a reasonable estimate of the future performance and financial condition of the Borrower and its Subsidiaries, subject to the
uncertainties and approximations inherent in any projections. 
 (c) After giving effect to the consummation of the transactions
contemplated hereby, each Credit Party (i) has capital sufficient to carry on its businesses as conducted and as proposed to be conducted, (ii) has assets with a fair saleable value, determined on a going concern basis, which are
(y) not less than the amount required to pay the probable liability on its existing debts as they become absolute and matured and (z) greater than the total amount of its liabilities (including identified contingent liabilities, valued at
the amount that can reasonably be expected to become absolute and matured in their ordinary course), and (iii) does not intend to, and does not believe that it will, incur debts or liabilities beyond its ability to pay such debts and
liabilities as they mature in their ordinary course. 
  

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 (d) Since December 31, 2009, there has not been an occurrence of a “material
weakness” (as defined in statement on Auditing Standards No. 60) in, or fraud that involves management or other employees who have a significant role in, the Borrower’s internal controls over financial reporting, in each case as
described in Section 404 of the Sarbanes-Oxley Act of 2002 and all rules and regulations promulgated thereunder and the accounting and auditing principles, rules, standards and practices promulgated or approved with respect thereto, in each
case that could reasonably be expected to have a Material Adverse Effect. 
 (e) Neither (i) the board of directors of the
Borrower, a committee thereof or an authorized officer of the Borrower has concluded that any financial statement previously furnished to the Administrative Agent should no longer be relied upon because of an error, nor (ii) has the Borrower
been advised by its auditors that a previously issued audit report or interim review cannot be relied on. 
 4.12 Ownership
of Properties. Each of the Borrower and its Subsidiaries (i) has good and marketable title to all real property owned by it, (ii) holds interests as lessee under valid leases in full force and effect with respect to all material leased
real and personal property used in connection with its business, and (iii) has good title to all of its other material properties and assets reflected in the most recent financial statements referred to in Section 4.11(a) (except as
sold or otherwise disposed of since the date thereof in the ordinary course of business), in each case free and clear of all Liens other than Permitted Liens. 

4.13 ERISA. 

(a) Each Credit Party and its ERISA Affiliates is in compliance with the applicable provisions of ERISA, and each Plan is and has been
administered in compliance with all applicable Requirements of Law, including, without limitation, the applicable provisions of ERISA and the Code, in each case except where the failure so to comply, individually or in the aggregate, could not
reasonably be expected to have a Material Adverse Effect. No ERISA Event (i) has occurred within the five (5) year period prior to the Closing Date, (ii) has occurred and is continuing, or (iii) to the knowledge of the Borrower,
is reasonably expected to occur with respect to any Plan. No Plan has any Unfunded Pension Liability as of the most recent annual valuation date applicable thereto, and no Credit Party or any of its ERISA Affiliates has engaged in a transaction that
could be subject to Section 4069 or 4212(c) of ERISA. 
 (b) No Credit Party or any of its ERISA Affiliates has any
outstanding liability on account of a complete or partial withdrawal from any Multiemployer Plan, and no Credit Party or any of its ERISA Affiliates would become subject to any liability under ERISA if any such Credit Party or ERISA Affiliate were
to withdraw completely from all Multiemployer Plans as of the most recent valuation date. No Multiemployer Plan is in “reorganization” or is “insolvent” within the meaning of such terms under ERISA. 

4.14 Environmental Matters. Neither the Borrower nor any of its Subsidiaries is involved in any suit, action or proceeding, or has
received any notice, complaint or other request 
  

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for information from any Governmental Authority or other Person, with respect to any actual or alleged Environmental Claims, and to the knowledge of the Borrower, there are no threatened
Environmental Claims, nor any basis therefor. 
 4.15 Compliance with Laws. Each of the Borrower and its Subsidiaries has
timely filed all material reports, documents and other materials required to be filed by it under all applicable Requirements of Law with any Governmental Authority, has retained all material records and documents required to be retained by it under
all applicable Requirements of Law, and is otherwise in compliance with all applicable Requirements of Law in respect of the conduct of its business and the ownership and operation of its properties, including without limitation, the applicable
rules of any Self-Regulatory Organization, except in each case to the extent that the failure to comply therewith, individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect. 

4.16 Intellectual Property. Each of the Borrower and its Subsidiaries owns, or has the legal right to use, all Intellectual
Property necessary for it to conduct its business as currently conducted. No claim has been asserted or is pending by any Person challenging or questioning the use of any such Intellectual Property or the validity or effectiveness of any such
Intellectual Property, nor does the Borrower know of any such claim, and to the knowledge of the Borrower, the use of such Intellectual Property by any Credit Party does not infringe on the known rights of any Person, except for such claims and
infringements that, individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect. 

4.17 Regulated Industries. No Credit Party is an “investment company,” a company “controlled” by an
“investment company,” or an “investment advisor,” within the meaning of the Investment Company Act of 1940, as amended. 

4.18 Insurance. The assets, properties and business of the Borrower and its Subsidiaries are insured against such hazards and
liabilities, under such coverages and in such amounts, as are customarily maintained by prudent companies similarly situated and under policies issued by insurers of recognized responsibility. 

4.19 Material Contracts. Schedule 4.19 lists, as of the Closing Date, each “material contract” (within the
meaning of Item 601(b)(10) of Regulation S-K under the Securities Act) to which the Borrower or any of its Subsidiaries is a party, by which the Borrower or any of its Subsidiaries or its properties is bound or to which the Borrower or any of
its Subsidiaries is subject (collectively, “Material Contracts”), and also indicates the parties thereto. As of the Closing Date, (i) each Material Contract is in full force and effect and is enforceable by each of the Borrower
and its Subsidiaries that is a party thereto in accordance with its terms, except as enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting creditors’ rights generally, by general or
equitable principles or by principles of good faith and fair dealing, and (ii) neither the Borrower nor any of its Subsidiaries or, to the knowledge of the Borrower, any other party thereto is in breach of or default under any Material Contract
in any material respect or has given notice of termination or cancellation of any Material Contract. 
  

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 4.20 No Burdensome Restrictions. No Credit Party is subject to any charter or
corporate restriction or any provision of any applicable Requirement of Law that, individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect. 

4.21 OFAC; Anti-Terrorism Laws. 

(a) No Credit Party or any Affiliate of any Credit Party (i) is a Sanctioned Person, (ii) has more than 15% of its assets in
Sanctioned Countries, or (iii) derives more than 15% of its operating income from investments in, or transactions with, Sanctioned Persons or Sanctioned Countries. No part of the proceeds of any Loan hereunder will be used directly or
indirectly to fund any operations in, finance any investments or activities in or make any payments to, a Sanctioned Person or a Sanctioned Country. 

(b) Neither the making of the Loans hereunder nor the use of the proceeds thereof will violate the PATRIOT Act, the Trading with the
Enemy Act, as amended, or any of the foreign assets control regulations of the United States Treasury Department (31 CFR, Subtitle B, Chapter V, as amended) or any enabling legislation or executive order relating thereto. The Credit Parties are in
compliance in all material respects with the PATRIOT Act. 
 ARTICLE V 

AFFIRMATIVE COVENANTS 

The Borrower covenants and agrees that, until the termination of the Commitments, the termination or expiration of all Letters of Credit
and the payment in full in cash of all principal and interest with respect to the Loans and all Reimbursement Obligations together with all fees, expenses and other amounts then due and owing hereunder: 

5.1 Financial Statements. The Borrower will deliver to the Administrative Agent on behalf of the Lenders: 

(a) As soon as available and in any event within forty-five (45) days (or, if earlier and if applicable to the Borrower, the
quarterly report deadline under the Exchange Act rules and regulations) after the end of each of the first three fiscal quarters of each fiscal year, beginning with the first fiscal quarter of fiscal year 2010, unaudited consolidated and
consolidating balance sheets of the Borrower and its Subsidiaries as of the end of such fiscal quarter and unaudited consolidated and consolidating statements of income, cash flows and stockholders’ equity for the Borrower and its Subsidiaries
for the fiscal quarter then ended and for that portion of the fiscal year then ended, in each case setting forth comparative consolidated figures as of the end of and for the corresponding period in the preceding fiscal year together with
comparative budgeted figures for the fiscal period then ended, all in reasonable detail and prepared in accordance with GAAP (subject to the absence of notes required by GAAP and subject to normal year-end adjustments) applied on a basis consistent
with that of the preceding quarter or containing disclosure of the effect on the financial condition or results of operations of any change in the application of accounting principles and practices during such quarter; and 

 

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 (b) As soon as available and in any event within ninety (90) days (or, if earlier and
if applicable to the Borrower, the annual report deadline under the Exchange Act rules and regulations) after the end of each fiscal year, beginning with fiscal year 2010, an audited consolidated and unaudited consolidating balance sheet of the
Borrower and its Subsidiaries as of the end of such fiscal year and the related audited consolidated and unaudited consolidating statements of income, cash flows and stockholders’ equity for the Borrower and its Subsidiaries for the fiscal year
then ended, including the notes thereto, in each case setting forth comparative consolidated figures as of the end of and for the preceding fiscal year together with comparative budgeted figures for the fiscal year then ended, all in reasonable
detail and (with respect to the audited statements) certified by the independent certified public accounting firm regularly retained by the Borrower or another independent certified public accounting firm of recognized national standing reasonably
acceptable to the Administrative Agent, together with (y) a report thereon by such accountants that is not qualified as to going concern or scope of audit and to the effect that such financial statements present fairly in all material respects
the consolidated financial condition and results of operations of the Borrower and its Subsidiaries as of the dates and for the periods indicated in accordance with GAAP applied on a basis consistent with that of the preceding year or containing
disclosure of the effect on the financial condition or results of operations of any change in the application of accounting principles and practices during such year, and (z) a letter from such accountants to the effect that, based on and in
connection with their examination of the financial statements of the Borrower and its Subsidiaries, they obtained no knowledge of the occurrence or existence of any Default or Event of Default relating to accounting or financial reporting matters
(which certificate may be limited to the extent required by accounting rules or guidelines), or a statement specifying the nature and period of existence of any such Default or Event of Default disclosed by their audit. 

(c) In the event that any financial statement or Compliance Certificate delivered pursuant to Sections 5.2(a) or 5.2(b) is
shown to be inaccurate (regardless of whether this Agreement or the Commitments are in effect when such inaccuracy is discovered), and such inaccuracy, if corrected, would have led to the application of a higher Applicable Percentage for any period
(an “Applicable Period”) than the Applicable Percentage applied for such Applicable Period, then (i) the Borrower shall immediately deliver to the Administrative Agent a correct Compliance Certificate for such Applicable Period
and (ii) the Borrower shall immediately pay to the Administrative Agent the accrued additional interest owing as a result of such increased Applicable Percentage for such Applicable Period, which payment shall be promptly applied by the
Administrative Agent in accordance with Section 2.12. This Section 5.1(c) shall not limit the rights of the Administrative Agent and Lenders with respect to Sections 2.8(b) and 8.2. 

Documents required to be delivered pursuant to Sections 5.1, 5.2(a), 5.2(b), 5.2(c) or 5.2(d) may be delivered electronically and,
if so delivered, shall be deemed to have been delivered on the date (i) on which the Borrower provides notice to the Lenders that such information has been posted on the Borrower’s website on the Internet at
http://ir.theice.com/sec.cfm, at www.sec.gov/edgar/searchedgar/webusers.htm or at another website identified in such notice and accessible by the Lenders without charge; or (ii) on which such documents are posted on the
Borrower’s behalf on SyndTrak or another relevant website, if any, to which each of the Administrative Agent and each Lender has access; provided that (x) upon the request of the Administrative Agent or any Lender lacking access to
the internet or SyndTrak, the Borrower shall deliver paper copies of such documents to the Administrative Agent or such Lender (until a 

 

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written request to cease delivering paper copies is given by the Administrative Agent or such Lender) and (y) the Borrower shall notify (which may be by a facsimile or electronic mail) the
Administrative Agent and each Lender of the posting of any documents. The Administrative Agent shall have no obligation to request the delivery of, or to maintain copies of, the documents referred to in the proviso to the immediately preceding
sentence or to monitor compliance by the Borrower with any such request for delivery, and each Lender shall be solely responsible for requesting delivery to it or maintaining its copies of such documents. 

5.2 Other Business and Financial Information. The Borrower will deliver to the Administrative Agent and each Lender: 

(a) Concurrently with each delivery of the financial statements described in Sections 5.1(a) and 5.1(b), a Compliance
Certificate with respect to the period covered by the financial statements being delivered thereunder, executed by a Financial Officer of the Borrower, together with a Covenant Compliance Worksheet reflecting the computation of the financial
covenants set forth in Article VI as of the last day of the period covered by such financial statements; 
 (b) As
soon as available and in any event within thirty (30) days after the commencement of each fiscal year, beginning with the 2011 fiscal year, a consolidated operating budget for the Borrower and its Subsidiaries for such fiscal year (prepared on
an annual basis), consisting of a consolidated balance sheet and consolidated statements of income and cash flows, together with a certificate of a Financial Officer of the Borrower to the effect that such budget has been prepared in good faith and
is a reasonable estimate of the financial position and results of operations of the Borrower and its Subsidiaries for the period covered thereby; and as soon as available from time to time thereafter, any modifications or revisions to or
restatements of such budget; 
 (c) Promptly upon receipt thereof, copies of any “management letter” submitted to any
Credit Party by its certified public accountants in connection with each annual, interim or special audit, and promptly upon completion thereof, any response reports from such Credit Party in respect thereof; 

(d) Promptly upon the sending, filing or receipt thereof, copies of (i) all financial statements, reports, notices and proxy
statements that any Credit Party shall send or make available generally to its stockholders, (ii) all regular, periodic and special reports, registration statements and prospectuses (other than on Form S-8) that any Credit Party shall render to
or file with the Securities and Exchange Commission, the National Association of Securities Dealers, Inc. or any national securities exchange or Self-Regulatory Organization, and (iii) all press releases and other statements made available
generally by any Credit Party to the public concerning material developments in the business of the Credit Parties; provided that notwithstanding anything to the contrary included in Section 5.1, the Borrower shall be deemed to
have given notice to the Administrative Agent and each Lender of the posting on the Borrower’s Internet website of the business and financial information set forth in clauses (i), (ii) or (iii) of this Section 5.2(d) at
the time such information is posted thereon and no further notice shall be required to be provided by the Borrower to the Administrative Agent and the Lenders with respect thereto; 

 

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 (e) Promptly upon (and in any event within five (5) Business Days after) any
Responsible Officer of any Credit Party obtaining knowledge thereof, written notice of any of the following: 

(i) the occurrence of any Default or Event of Default, together with a written statement of a Responsible Officer of the
Borrower specifying the nature of such Default or Event of Default, the period of existence thereof and the action that the Borrower has taken and proposes to take with respect thereto; 

(ii) the institution or threatened institution of any action, suit, investigation or proceeding against or affecting the
Borrower or any of its Subsidiaries, including any such investigation or proceeding by any Governmental Authority or Self-Regulatory Organization (other than routine periodic inquiries, investigations or reviews), that, if adversely determined,
could reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect, and any material adverse development in any litigation or other proceeding previously reported pursuant to Section 4.5 or this
Section 5.2(e)(ii); 
 (iii) the receipt by the Borrower or any of its Subsidiaries from any
Governmental Authority or Self-Regulatory Organization of (A) any notice asserting any failure by such Person to be in compliance with applicable Requirements of Law or that threatens the taking of any action against such Person or sets forth
circumstances that, if taken or adversely determined, could reasonably be expected to have a Material Adverse Effect, or (B) any notice of any actual or threatened suspension, limitation or revocation of, failure to renew, or imposition of any
restraining order, escrow or impoundment of funds in connection with, the Borrower or any of its Subsidiaries, where such action could reasonably be expected to have a Material Adverse Effect; 

(iv) the occurrence of any ERISA Event, together with (x) a written statement of a Responsible Officer of the
Borrower specifying the details of such ERISA Event and the action that the applicable Person has taken and proposes to take with respect thereto, (y) a copy of any notice with respect to such ERISA Event that may be required to be filed with
the PBGC and (z) a copy of any notice delivered by the PBGC to any Credit Party or an ERISA Affiliate with respect to such ERISA Event; 

(v) the occurrence of any material default under, or any proposed or threatened termination or cancellation of, any
Material Contract (including without limitation, the agreement between the Borrower and LCH.Clearnet for the provision of clearing services) or other material contract or agreement to which the Borrower or any of its Subsidiaries is a party, the
default under or termination or cancellation of which could reasonably be expected to have a Material Adverse Effect; 

(vi) the occurrence of any of the following: (y) the assertion of any Environmental Claim against or affecting the
Borrower or any of its Subsidiaries or any real property leased, operated or owned by the Borrower or any of its Subsidiaries, or the Borrower or any of its Subsidiaries’ discovery of a basis for any such Environmental Claim; or (z) the
receipt by the Borrower or any of its Subsidiaries of notice of any alleged violation of or noncompliance with any Environmental Laws by the Borrower or 

 

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any of its Subsidiaries or release of any Hazardous Substance; but in each case under clauses (y) and (z) above, only to the extent the same could reasonably be expected to have a
Material Adverse Effect; and 
 (vii) any other matter or event that has, or could reasonably be expected to
have, a Material Adverse Effect, together with a written statement of a Responsible Officer of the Borrower setting forth the nature and period of existence thereof and the action that the affected Persons have taken and propose to take with respect
thereto. 
 (f) As promptly as reasonably possible, such other information about the business, condition (financial or
otherwise), operations or properties of the Borrower or any of its Subsidiaries as the Administrative Agent or any Lender may from time to time reasonably request. 

5.3 Compliance with All Material Contracts. The Borrower will, and will cause each of its Subsidiaries to, comply in all material
respects with each term, condition and provision of all Material Contracts. 
 5.4 Existence; Franchises; Maintenance of
Properties. The Borrower will, and will cause each of its Subsidiaries to, (i) maintain and preserve in full force and effect its legal existence, except as expressly permitted otherwise by Section 7.1, (ii) obtain,
maintain and preserve in full force and effect all other rights, franchises, licenses, permits, certifications, approvals and authorizations required by Governmental Authorities and Self-Regulatory Organizations necessary to the ownership,
occupation or use of its properties or the conduct of its business, except to the extent the failure to do so could not reasonably be expected to have a Material Adverse Effect, and (iii) keep all material properties in good working order and
condition (normal wear and tear and damage by casualty excepted) and from time to time make all necessary repairs to and renewals and replacements of such properties, except to the extent that any of such properties are obsolete or are being
replaced or, in the good faith judgment of the Borrower, are no longer useful or desirable in the conduct of the business of the Credit Parties. 

5.5 Use of Proceeds. The proceeds of the Loans shall be used as follows: (i) up to $150,000,000 of the proceeds of the Loans
shall be used to provide liquidity for the clearing operations of ICE Clear Europe, (ii) up to $50,000,000 of the proceeds of the Loans shall be used to provide liquidity for the clearing operations of ICE Clear US, (iii) up to
$100,000,000 of the proceeds of the Loans shall be used to provide liquidity for the clearing operations of ICE Trust, (iv) up to $3,000,000 of the proceeds of the Loans shall be used to provide liquidity for the clearing operations of ICE
Clear Canada, and (v) the remainder, plus any portion of the proceeds no longer necessary to be reserved for the purposes set forth in the foregoing clauses (i) through (iv), shall be used to provide for working capital and general
corporate purposes of the Borrower. 
 5.6 Compliance with Laws. The Borrower will, and will cause each of its
Subsidiaries to, comply in all respects with all Requirements of Law applicable in respect of the conduct of its business and the ownership and operation of its properties, except to the extent the failure so to comply could not reasonably be
expected to have a Material Adverse Effect. 
  

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 5.7 Payment of Obligations. The Borrower will, and will cause each of its
Subsidiaries to, (i) pay, discharge or otherwise satisfy at or before maturity all liabilities and obligations as and when due (subject to any applicable subordination, grace and notice provisions), except to the extent failure to do so could
not reasonably be expected to have a Material Adverse Effect, and (ii) pay and discharge all taxes, assessments and governmental charges or levies imposed upon it, upon its income or profits or upon any of its properties, prior to the date on
which penalties would attach thereto, and all lawful claims that, if unpaid, would become a Lien (other than a Permitted Lien) upon any of the properties of any such Person; provided, however, that no such Person shall be required to
pay any such tax, assessment, charge, levy or claim that is being contested in good faith and by proper proceedings and as to which such Credit Party is maintaining adequate reserves with respect thereto in accordance with GAAP. 

5.8 Insurance. The Borrower will, and will cause each of its Subsidiaries to, maintain with financially sound and reputable
insurance companies insurance with respect to its assets, properties and business, against such hazards and liabilities, of such types and in such amounts, as is customarily maintained by companies in the same or similar businesses similarly
situated. 
 5.9 Maintenance of Books and Records; Inspection. The Borrower will, and will cause each of its Subsidiaries
to, (i) maintain adequate books, accounts and records, in which full, true and correct entries shall be made of all financial transactions in relation to its business and properties, and prepare all financial statements required under this
Agreement, in each case in accordance with GAAP and in compliance with the requirements of any Governmental Authority or Self-Regulatory Organization having jurisdiction over it, and (ii) permit employees or agents of the Administrative Agent
or any Lender to visit and inspect its properties and examine or audit its books, records, working papers and accounts (except with respect to information which disclosure thereof is prohibited pursuant to arrangements among ICE Futures Europe, the
United Kingdom Financial Services Authority, or other Governmental Authorities with jurisdiction over ICE Futures Europe and ICE Futures Europe’s members), and make copies and memoranda of them, and to discuss its affairs, finances and accounts
with its officers and employees and, upon reasonable notice to the Borrower, the independent public accountants of the Borrower and its Subsidiaries (and by this provision the Borrower authorizes such accountants to discuss the finances and affairs
of the Borrower and its Subsidiaries), all at such times and from time to time, upon reasonable notice and during business hours, as may be reasonably requested; provided however, that when a Default or Event of Default exists the
Administrative Agent may do any of the foregoing at the expense of the Borrower at any time during normal business hours and without advance notice. 

5.10 Permitted Acquisitions. The Borrower shall comply with, and cause each other applicable Credit Party to comply with, the
following covenants: 
 (a) Promptly after the consummation of any Permitted Acquisition or such later date reasonably acceptable
to the Administrative Agent, the Borrower shall have delivered to the Administrative Agent the following (provided, however, that the delivery of the statements in clause (iii) below shall be required only with respect to
Permitted Acquisitions having an Acquisition Amount exceeding $200,000,000): 
 (i) a reasonably detailed
description of the material terms of such Acquisition (including, without limitation, the purchase price and method and structure of payment) and of each Person or business that is the subject of such Acquisition (each, a “Target”);

  

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 (ii) to the extent available, audited historical financial statements of the
Target (or, if there are two or more Targets that are the subject of such Acquisition and that are part of the same consolidated group, consolidated historical financial statements for all such Targets) for the two (2) most recent fiscal years
available, prepared by a firm of independent certified public accountants, and (if available) unaudited financial statements for any interim periods since the most recent fiscal year-end; 

(iii) consolidated projected income statements of the Borrower and its Subsidiaries (giving effect to such Acquisition and
the consolidation with the Borrower of each relevant Target) for the one-year period (or, if available, such longer period up to three years) following the consummation of such Acquisition, in reasonable detail, together with any appropriate
statement of assumptions and pro forma adjustments; and 
 (iv) a certificate, in form and substance reasonably
satisfactory to the Administrative Agent, executed by a Financial Officer of the Borrower setting forth the Acquisition Amount and further to the effect that, to the best of such Financial Officer’s knowledge, (y) the consummation of such
Acquisition has not resulted in a violation of any provision of this Section 5.10 or any other provision of this Agreement, and (x) the requirements set forth in Section 7.5 have been satisfied (with financial covenant
calculations to be attached to the certificate using the Covenant Compliance Worksheet). 
 (b) As soon as reasonably
practicable after the consummation of any such Acquisition, the Borrower will deliver to the Administrative Agent true and correct copies of the fully executed acquisition agreement (including schedules and exhibits thereto) and other material
documents and closing papers delivered in connection therewith. 
 (c) The consummation of each Permitted Acquisition shall be
deemed to be a representation and warranty by the Borrower that (except as shall have been approved in writing by the Required Lenders) all conditions thereto set forth in this Section 5.10 and in the description furnished under
Section 5.10(a)(i) have been satisfied, that the same is permitted in accordance with the terms of this Agreement, and that the matters certified to by the Financial Officer of the Borrower in the certificate referred to in
Section 5.10(a)(iv) are, to the best of such Financial Officer’s knowledge, true and correct in all material respects as of the date such certificate is given, which representation and warranty shall be deemed to be a representation
and warranty as of the date thereof for all purposes hereunder, including, without limitation, for purposes of Sections 3.2 and 8.1. 

5.11 Creation or Acquisition of Subsidiaries. Subject to the provisions of Sections 5.10 and 7.5, the Borrower
may from time to time create or acquire new Wholly Owned Subsidiaries in connection with Permitted Acquisitions or otherwise, and the Wholly Owned Subsidiaries of the Borrower may create or acquire new Wholly Owned Subsidiaries, provided that
concurrently with (and in any event within ten (10) Business Days after or such later time approved by the Administrative Agent) the creation or direct or indirect acquisition thereof, each

  

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such new Subsidiary will execute and deliver to the Administrative Agent a joinder to the Guaranty, pursuant to which such new Subsidiary shall become a guarantor thereunder and shall
guarantee the payment in full of the Obligations of the Borrower under this Agreement and the other Credit Documents; provided that no Foreign Subsidiary shall be required to provide a guaranty to the extent (and for as long as) doing so
would cause any adverse tax or regulatory consequences to the Borrower, and provided further that for any Subsidiary created for the sole purpose of making a Permitted Acquisition and so long as such Subsidiary has no assets, the Borrower
shall not be required to comply with this Section 5.11 until the consummation of such Permitted Acquisition. 
 5.12
OFAC, PATRIOT Act Compliance. The Borrower will, and will cause each of its Subsidiaries to, (i) refrain from doing business in a Sanctioned Country or with a Sanctioned Person in violation of the economic sanctions of the United States
administered by OFAC, and (ii) provide, to the extent commercially reasonable, such information and take such actions as are reasonably requested by the Administrative Agent or any Lender in order to assist the Administrative Agent and the
Lenders in maintaining compliance with the PATRIOT Act. 
 5.13 Further Assurances. The Borrower will, and will cause
each of its Subsidiaries to, make, execute, endorse, acknowledge and deliver any amendments, modifications or supplements hereto and restatements hereof and any other agreements, instruments or documents, and take any and all such other actions, as
may from time to time be reasonably requested by the Administrative Agent or the Required Lenders to effect, confirm or further assure or protect and preserve the interests, rights and remedies of the Administrative Agent and the Lenders under this
Agreement and the other Credit Documents. 
 ARTICLE VI 

FINANCIAL COVENANTS 

The Borrower covenants and agrees that, until the termination of the Commitments, the termination or expiration of all Letters of Credit
and the payment in full in cash of all principal and interest with respect to the Loans and all Reimbursement Obligations together with all fees, expenses and other amounts then due and owing hereunder: 

6.1 Maximum Total Leverage Ratio. The Total Leverage Ratio as of the last day of any fiscal quarter, beginning with the first
fiscal quarter of 2010, shall not be greater than the ratio of 2.50 to 1.00. 
 6.2 Minimum Interest Coverage Ratio. The
Interest Coverage Ratio as of the last day of any fiscal quarter, beginning with the first fiscal quarter of 2010, shall not be less than 5.0 to 1.0. 
  

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 ARTICLE VII 

NEGATIVE COVENANTS 

The Borrower covenants and agrees that, until the termination of the Commitments, the termination or expiration of all Letters of Credit
and the payment in full in cash of all principal and interest with respect to the Loans and all Reimbursement Obligations together with all fees, expenses and other amounts then due and owing hereunder: 

7.1 Merger; Consolidation. The Borrower will not, and will not permit or cause any of its Subsidiaries to, liquidate, wind up or
dissolve, or enter into any consolidation, amalgamation, merger or other combination, or agree to do any of the foregoing; provided, however, that so long as no Default or Event of Default has occurred and is continuing or would result
therefrom: 
 (i) any Subsidiary of the Borrower may merge, consolidate or amalgamate with, or be liquidated
into, (x) the Borrower (so long as the Borrower is the surviving or continuing entity) or (y) any other Subsidiary of the Borrower (so long as, if either Person is a Subsidiary Guarantor, the surviving Person is a Subsidiary Guarantor, and
if either Person is a Wholly Owned Subsidiary, the surviving Person is a Wholly Owned Subsidiary); 
 (ii) the
Borrower may merge, consolidate or amalgamate with another Person (other than another Credit Party), so long as (y) the Borrower is the surviving entity, and (z) if such merger, consolidation or amalgamation constitutes an Acquisition, the
applicable conditions and requirements of Sections 5.11 and 7.5 are satisfied; and 
 (iii) to
the extent not otherwise permitted under the foregoing clauses, any Subsidiary that has sold, transferred or otherwise disposed of all or substantially all of its assets in connection with an Asset Disposition permitted under this Agreement and no
longer conducts any active trade or business may be liquidated, wound up and dissolved. 
 7.2 Indebtedness. The Borrower
will not, and will not permit or cause any of its Subsidiaries to, create, incur, assume or suffer to exist any Indebtedness other than (without duplication): 

(i) Indebtedness of the Credit Parties in favor of the Administrative Agent and the Lenders incurred under this Agreement
and the other Credit Documents; 
 (ii) (A) Indebtedness of the Credit Parties under the Existing 2007 Credit
Facility and the other “Credit Documents” (as defined in the Existing 2007 Credit Facility) and (B) Indebtedness of the Credit Parties under the Existing 2009 Credit Facility and the other “Credit Documents” (as defined in
the Existing 2009 Credit Facility); 
  

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 (iii) accrued expenses (including salaries, accrued vacation and other
compensation), current trade or other accounts payable and other current liabilities arising in the ordinary course of business and not incurred through the borrowing of money, in each case above to the extent constituting Indebtedness; 

(iv) purchase money Indebtedness of the Borrower and its Subsidiaries incurred solely to finance the acquisition,
construction or improvement of any equipment, real property or other fixed assets in the ordinary course of business (or assumed or acquired by the Borrower and its Subsidiaries in connection with a Permitted Acquisition or other transaction
permitted under this Agreement), including Capital Lease Obligations, and any renewals, replacements, refinancings or extensions thereof, provided that all such Indebtedness shall not exceed $25,000,000 in aggregate principal amount
outstanding at any one time; 
 (v) unsecured loans and advances (A) by the Borrower or any Subsidiary of
the Borrower to any Subsidiary Guarantor, (B) by any Subsidiary of the Borrower to the Borrower, or (C) by the Borrower or any Subsidiary of the Borrower to any Subsidiary of the Borrower that is not a Subsidiary Guarantor, provided
in each case that any such loan or advance made pursuant to clause (C) above is subordinated in right and time of payment to the Obligations and is evidenced by a promissory note, in form and substance reasonably satisfactory to the
Administrative Agent; 
 (vi) Indebtedness of the Borrower or any of its Subsidiaries under Hedge Agreements
entered into in the ordinary course of business to manage existing or anticipated interest rate or foreign currency risks and not for speculative purposes; 

(vii) Indebtedness existing on the Closing Date and described in Schedule 7.2 and any renewals, replacements,
refinancings or extensions of any such Indebtedness that do not increase the outstanding principal amount thereof or result in an earlier final maturity date or decreased weighted average life thereof; 

(viii) Indebtedness consisting of Guaranty Obligations of the Borrower or any of its Subsidiaries incurred in the ordinary
course of business for the benefit of another Credit Party, provided that the primary obligation being guaranteed is expressly permitted by this Agreement; 

(ix) Indebtedness that may be deemed to exist pursuant to any performance bond, surety, statutory appeal or similar
obligation entered into or incurred by the Borrower or any of its Subsidiaries in the ordinary course of business; 

(x) Indebtedness of ICE Clear Europe under the ICE Clear Europe Payment Services Agreement not exceeding $150,000,000 in
aggregate principal amount outstanding; 
 (xi) Indebtedness consisting of Guaranty Obligations of the Borrower
with respect to the ICE Clear Europe Payment Services Agreement; 
  

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 (xii) unsecured Indebtedness of the Borrower not exceeding $400,000,000 in
aggregate principal amount outstanding to provide liquidity for the clearing operations of ICE Clear Europe; 

(xiii) unsecured Indebtedness of a Subsidiary acquired after the Closing Date or a Person merged into or consolidated with
the Borrower or any Subsidiary after the Closing Date, in each case in connection with a Permitted Acquisition, which Indebtedness in each case exists at the time of such Permitted Acquisition and is not created in contemplation of such event,
provided that all such Indebtedness shall not exceed $250,000,000 in aggregate principal amount outstanding at any one time; 

(xiv) other unsecured Indebtedness of the Borrower; provided that (A) that at the time of incurrence of such
Indebtedness, no Default or Event of Default shall have occurred and be continuing (or would result therefrom), and (B) the Borrower is in compliance with the Total Leverage Ratio covenant set forth in Section 6.1 on a Pro Forma
Basis after giving effect to the incurrence of such Indebtedness; and 
 (xv) other unsecured Indebtedness of the
Subsidiaries of the Borrower not exceeding $50,000,000 in aggregate principal amount outstanding at any time. 
 7.3
Liens. The Borrower will not, and will not permit or cause any of its Subsidiaries to, directly or indirectly, make, create, incur, assume or suffer to exist, any Lien upon or with respect to any part of its property or assets, whether now
owned or hereafter acquired or agree to do any of the foregoing, other than the following (collectively, “Permitted Liens”): 

(i) Liens in existence on the Closing Date and set forth on Schedule 7.3, and any extensions, renewals or
replacements thereof; provided that any such extension, renewal or replacement Lien shall be limited to all or a part of the property that secured the Lien so extended, renewed or replaced (plus any improvements on such property) and shall
secure only those obligations that it secures on the date hereof (and any renewals, replacements, refinancings or extensions of such obligations that do not increase the outstanding principal amount thereof); 

(ii) Liens imposed by law, such as Liens of carriers, warehousemen, mechanics, materialmen and landlords, incurred in the
ordinary course of business for sums not constituting borrowed money that are not overdue for a period of more than thirty (30) days or that are being contested in good faith by appropriate proceedings and for which adequate reserves have been
established in accordance with GAAP (if so required); 
 (iii) Liens (other than any Lien imposed by ERISA, the
creation or incurrence of which would result in an Event of Default under Section 8.1(k)) incurred in the ordinary course of business in connection with worker’s compensation, unemployment insurance or other forms of governmental
insurance or benefits, or to secure the performance of letters of credit, bids, tenders, statutory obligations, surety and appeal bonds, leases, public or statutory obligations, government contracts and other similar obligations (other than
obligations for borrowed money) entered into in the ordinary course of business; 
  

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 (iv) Liens for taxes, assessments or other governmental charges or statutory
obligations that are not delinquent or remain payable without any penalty or that are being contested in good faith by appropriate proceedings and for which adequate reserves have been established in accordance with GAAP (if so required);

 (v) any attachment or judgment Lien not constituting an Event of Default under Section 8.1(h);

 (vi) Liens securing the purchase money Indebtedness permitted under Section 7.2(iv),
provided that (x) any such Lien shall attach to the property being acquired, constructed or improved with such Indebtedness concurrently with or within ninety (90) days after the acquisition (or completion of construction or
improvement) or the refinancing thereof by the Borrower or such Subsidiary, (y) the amount of the Indebtedness secured by such Lien shall not exceed 100% of the cost to the Borrower or such Subsidiary of acquiring, constructing or improving the
property and any other assets then being financed solely by the same financing source, and (z) any such Lien shall not encumber any other property of the Borrower or any of its Subsidiaries except assets then being financed solely by the same
financing source; 
 (vii) with respect to any Realty occupied by the Borrower or any of its
Subsidiaries, all easements, rights of way, reservations, licenses, encroachments, variations and similar restrictions, charges and encumbrances on title that do not secure monetary obligations and do not materially impair the use of such
property for its intended purposes or the value thereof; 
 (viii) any leases, subleases, licenses or sublicenses
granted by the Borrower or any of its Subsidiaries to third parties in the ordinary course of business and not interfering in any material respect with the business of the Borrower and its Subsidiaries, and any interest or title of a lessor,
sublessor, licensor or sublicensor under any lease or license permitted under this Agreement; 
 (ix) Liens
created in connection with the Guaranty Fund; and 
 (x) other Liens securing obligations of the Borrower and its
Subsidiaries not exceeding $20,000,000 in aggregate principal amount outstanding at any time. 
 7.4 Asset Dispositions.
The Borrower will not, and will not permit or cause any of its Subsidiaries to, directly or indirectly, make or agree to make any Asset Disposition except for: 

(i) the sale or other disposition of inventory and Cash Equivalents in the ordinary course of business, the sale or
write-off of past due or impaired accounts receivable for collection purposes (but not for factoring, securitization or other financing purposes), and the termination or unwinding of Hedge Agreements permitted hereunder; 

 

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 (ii) the sale, lease or other disposition of assets by the Borrower or any
Subsidiary of the Borrower to the Borrower or to a Subsidiary Guarantor (or by any Subsidiary that is not a Subsidiary Guarantor to another Subsidiary that is not a Subsidiary Guarantor), in each case so long as no Event of Default shall have
occurred and be continuing or would result therefrom; 
 (iii) the sale, exchange or other disposition in the
ordinary course of business of equipment or other capital assets that are obsolete or no longer necessary for the operations of the Borrower and its Subsidiaries; and 

(iv) the sale or other disposition of assets (other than the Capital Stock of Subsidiaries) outside the ordinary course of
business for fair value and for consideration, provided that (x) the aggregate amount of Net Cash Proceeds from all such sales or dispositions that are consummated during any fiscal year shall not exceed $40,000,000 and (y) no
Default or Event of Default shall have occurred and be continuing or would result therefrom. 
 7.5 Acquisitions. The
Borrower will not, and will not permit or cause any of its Subsidiaries to, consummate any Acquisition, provided that the Borrower or any of its Subsidiaries may consummate any Acquisition so long as (i) prior to the closing of such
Acquisition, the Borrower shall provide the Lenders with a Compliance Certificate prepared on a Pro Forma Basis giving effect to such Acquisition that demonstrates compliance with the covenants in Article VI on a Pro Forma Basis, (ii) in
the case of an Acquisition to which the Borrower is a party involving a merger, amalgamation or the acquisition of control of the Capital Stock of a Person, the Borrower is the surviving or acquiring entity, as the case may be, (iii) each
business acquired shall be in substantially the same line of business as the business conducted by the Borrower or its Subsidiaries on the Closing Date or in lines of business reasonably related thereto, (iv) the board of directors or
equivalent governing body of the Person whose Capital Stock or business is acquired shall have approved such Acquisition, if required by applicable law (but provided in any event such Acquisition shall not be “hostile”), (v) no
Default or Event of Default shall have occurred and be continuing at the time of the consummation of any such Acquisition or would exist immediately after giving effect thereto and (vi) the applicable conditions and requirements of
Section 5.11 are satisfied. 
 7.6 Restricted Payments. The Borrower will not, and will not permit or cause
any of its Subsidiaries to, directly or indirectly, declare or make any dividend payment, or make any other distribution of cash, property or assets, in respect of any of its Capital Stock or any warrants, rights or options to acquire its Capital
Stock, or purchase, redeem, retire or otherwise acquire for value any shares of its Capital Stock or any warrants, rights or options to acquire its Capital Stock, or set aside funds for any of the foregoing (any of the foregoing being a
“Restricted Payment”), except that: 
 (a) each Subsidiary may make payments to the Borrower for its
proportionate share of the tax liability of the affiliated group of entities that file consolidated federal income tax returns, provided that such payments are used to pay taxes, and provided further that any tax refunds
received by the Borrower that are attributable to the any of its Subsidiaries shall be returned promptly by the Borrower to such Subsidiary; 
  

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 (b) each Wholly Owned Subsidiary of the Borrower may declare and make dividend payments or
other distributions to the Borrower or to another Subsidiary of the Borrower, in each case to the extent not prohibited under applicable Requirements of Law; 

(c) the Borrower and any of its Subsidiaries may declare and make dividend payments or other distributions payable solely in its Common
Stock; and 
 (d) so long as no Default or Event of Default shall have occurred and be continuing or would result therefrom, the
Borrower and any of its Subsidiaries may make any Restricted Payment. 
 7.7 Transactions with Affiliates. The Borrower
will not, and will not permit or cause any of its Subsidiaries to, enter into any transaction (including, without limitation, any purchase, sale, lease or exchange of property or the rendering of any service) with any officer, director, stockholder
or other Affiliate of the Borrower or any of its Subsidiaries, except in the ordinary course of its business and upon fair and reasonable terms that are no less favorable to it than it would be obtained in a comparable arm’s length transaction
with a Person other than an Affiliate of the Borrower or any of its Subsidiaries; provided, however, that nothing contained in this Section 7.7 shall prohibit: 

(i) transactions described on Schedule 7.7 (and any renewals or replacements thereof on terms not materially
more disadvantageous to the applicable Credit Party) or otherwise expressly permitted under any other provision of this Agreement; 

(ii) transactions among the Borrower and/or the Subsidiary Guarantors not prohibited under this Agreement (provided
that such transactions shall remain subject to any other applicable limitations and restrictions set forth in this Agreement); and 

(iii) transactions with Affiliates in good faith in the ordinary course of the Borrower’s or such Subsidiary’s
business consistent with past practice and on terms no less favorable to the Borrower or such Subsidiary than those that could have been obtained in a comparable transaction on an arm’s length basis from a Person that is not an Affiliate.

 7.8 Lines of Business. The Borrower will not, and will not permit or cause any of its Subsidiaries to, engage in any
lines of business other than the businesses engaged in by it on the Closing Date and businesses and activities reasonably related thereto. 

7.9 Limitation on Certain Restrictions. The Borrower will not, and will not permit or cause any of its Subsidiaries to, directly
or indirectly, create or otherwise cause or suffer to exist or become effective any restriction or encumbrance on (a) the ability of the Credit Parties to perform and comply with their respective obligations under the Credit Documents or
(b) the ability of any Subsidiary of the Borrower to make any dividend payment or other distribution in respect of its Capital Stock, to repay Indebtedness owed to the Borrower or any other Subsidiary, to make loans or advances to the Borrower
or any other Subsidiary, or to transfer any of its assets or properties to the Borrower or any other Subsidiary, except (in the case of clause (b) above only) for such restrictions or encumbrances existing under or by reason of (i) this
Agreement and the other Credit Documents, (ii) applicable Requirements of Law, (iii) customary non-assignment 

 

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provisions in leases and licenses of real or personal property entered into by the Borrower or any Subsidiary as lessee or licensee in the ordinary course of business, restricting the assignment
or transfer thereof or of property that is the subject thereof, (iv) the Guaranty Fund, (v) the Existing 2007 Credit Facility and Existing 2009 Credit Facility, and any agreement evidencing any permitted renewal, extension or refinancing
of such Indebtedness so long as such renewal, extension or refinancing does not expand the scope of the restrictions existing as of the date hereof and (vi) customary restrictions and conditions contained in any agreement relating to the sale
of assets (including Capital Stock of a Subsidiary) pending such sale, provided that such restrictions and conditions apply only to the assets being sold and such sale is permitted under this Agreement. 

7.10 No Other Negative Pledges. The Borrower will not, and will not permit or cause any of its Subsidiaries to, enter into or
suffer to exist any agreement or restriction that, directly or indirectly, prohibits or conditions the creation, incurrence or assumption of any Lien upon or with respect to any part of its property or assets, whether now owned or hereafter
acquired, or agree to do any of the foregoing, except for such agreements or restrictions existing under or by reason of (i) this Agreement and the other Credit Documents, (ii) applicable Requirements of Law, (iii) any agreement or
instrument creating a Permitted Lien (but only to the extent such agreement or restriction applies to the assets subject to such Permitted Lien), (iv) customary provisions in leases and licenses of real or personal property entered into by the
Borrower or any Subsidiary as lessee or licensee in the ordinary course of business, restricting the granting of Liens therein or in property that is the subject thereof, (v) the Existing 2007 Credit Facility and Existing 2009 Credit Facility,
and any agreement evidencing any permitted renewal, extension or refinancing of such Indebtedness so long as such renewal, extension or refinancing does not expand the scope of the restrictions existing as of the date hereof and (vi) customary
restrictions and conditions contained in any agreement relating to the sale of assets (including Capital Stock of a Subsidiary) pending such sale, provided that such restrictions and conditions apply only to the assets being sold and such
sale is permitted under this Agreement. 
 7.11 Investments in Subsidiaries. The Borrower will not, and will not permit
or cause any of its Subsidiaries to, directly or indirectly, purchase, own, invest in or otherwise acquire any Capital Stock, evidence of indebtedness or other obligation or security or any interest whatsoever in any Domestic Subsidiary of the
Borrower that is both (a) not a Wholly-Owned Subsidiary and (b) not a Subsidiary Guarantor (each, a “Non-Wholly-Owned Subsidiary”), or make or permit to exist any loans, advances or extensions of credit to, or any
investment in cash or by delivery of property in, any Non-Wholly-Owned Subsidiary (collectively, “Investments”) other than: 

(i) Investments in Non-Wholly-Owned Subsidiaries existing as of the Closing Date; 

(ii) Investments of the Borrower in ICE Trust made from proceeds of Loans not to exceed $100,000,000 outstanding at any
time; and 
 (iii) other Investments in Non Wholly-Owned Subsidiaries made in any fiscal year in an aggregate
amount not exceeding 15% of Consolidated EBITDA for the fiscal year most recently ended. 
  

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 7.12 Fiscal Year. The Borrower will not, and will not permit or cause any of its
Subsidiaries to, change its fiscal year or its method of determining fiscal quarters. 
 7.13 Accounting Changes. Other
than as permitted pursuant to Section 1.2, the Borrower will not, and will not permit or cause any of its Subsidiaries to, make or permit any material change in its accounting policies or reporting practices, except as may be required by
GAAP (or, in the case of Foreign Subsidiaries, generally accepted accounting principles in the jurisdiction of its organization). 

ARTICLE VIII 

EVENTS OF DEFAULT 

8.1 Events of Default. The occurrence of any one or more of the following events shall constitute an “Event of
Default”: 
 (a) The Borrower shall fail to pay when due (i) any principal of any Loan or any Reimbursement
Obligation, or (ii) any interest on any Loan, any fee payable under this Agreement or any other Credit Document, or (except as provided in clause (i) above) any other Obligation (other than any Obligation under a Hedge Agreement), and (in
the case of this clause (ii) only) such failure shall continue for a period of three (3) Business Days; 
 (b) The
Borrower or any other Credit Party shall (i) fail to observe, perform or comply with any condition, covenant or agreement contained in any of Sections 5.2(e)(i), 5.4, 5.5, 5.10, or 5.11 or in Articles VI or
VII or (ii) fail to observe, perform or comply with any condition, covenant or agreement contained in Sections 5.1 or 5.2 (other than Section 5.2(e)(i)) and (in the case of this clause (ii) only) such failure
shall continue unremedied for a period of five (5) days after the earlier of (y) the date on which a Responsible Officer of the Borrower acquires knowledge thereof and (z) the date on which written notice thereof is delivered by the
Administrative Agent or any Lender to the Borrower; 
 (c) The Borrower or any other Credit Party shall fail to observe, perform
or comply with any condition, covenant or agreement contained in this Agreement or any of the other Credit Documents other than those enumerated in Sections 8.1(a) and 8.1(b), and such failure (i) by the express terms of such
Credit Document, constitutes an Event of Default, or (ii) shall continue unremedied for any grace period specifically applicable thereto or, if no grace period is specifically applicable, for a period of thirty (30) days after the earlier
of (y) the date on which a Responsible Officer of the Borrower acquires knowledge thereof and (z) the date on which written notice thereof is delivered by the Administrative Agent or any Lender to the Borrower; or any default or event of
default shall occur under any Hedge Agreement to which the Borrower and any Hedge Party are parties; 
 (d) Any representation
or warranty made or deemed made by or on behalf of the Borrower or any other Credit Party in this Agreement, any of the other Credit Documents or in any certificate, instrument, report or other document furnished at any time in connection herewith
or therewith shall prove to have been incorrect, false or misleading in any material respect as of the time made, deemed made or furnished; 
  

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 (e) The Borrower or any other Credit Party shall (i) fail to pay when due (whether by
scheduled maturity, acceleration or otherwise and after giving effect to any applicable grace period or notice provisions) any principal of or interest due under the Existing 2007 Credit Facility, the Existing 2009 Credit Facility or any other
Indebtedness (other than the Indebtedness incurred pursuant to this Agreement) having an aggregate principal amount of at least $1,000,000 or (ii) fail to observe, perform or comply with any condition, covenant or agreement contained in any
agreement or instrument evidencing or relating to any such Indebtedness, or any other event shall occur or condition exist in respect thereof, and the effect of such failure, event or condition is to cause, or permit the holder or holders of such
Indebtedness (or a trustee or agent on its or their behalf) to cause (with or without the giving of notice, lapse of time, or both), without regard to any subordination terms with respect thereto, such Indebtedness to become due, or to be prepaid,
redeemed, purchased or defeased, prior to its stated maturity; 
 (f) The Borrower or any other Credit Party shall (i) file
a voluntary petition or commence a voluntary case seeking liquidation, winding-up, reorganization, dissolution, arrangement, readjustment of debts or any other relief under the Bankruptcy Code or under any other applicable bankruptcy, insolvency or
similar law now or hereafter in effect, (ii) consent to the institution of, or fail to controvert in a timely and appropriate manner, any petition or case of the type described in Section 8.1(g), (iii) apply for or consent to
the appointment of or taking possession by a custodian, trustee, receiver or similar official for or of itself or all or a substantial part of its properties or assets, (iv) fail generally, or admit in writing its inability, to pay its debts
generally as they become due, (v) make a general assignment for the benefit of creditors or (vi) take any corporate action to authorize or approve any of the foregoing; 

(g) Any involuntary petition or case shall be filed or commenced against the Borrower or any other Credit Party seeking liquidation,
winding-up, reorganization, dissolution, arrangement, readjustment of debts, the appointment of a custodian, trustee, receiver or similar official for it or all or a substantial part of its properties or any other relief under the Bankruptcy Code or
under any other applicable bankruptcy, insolvency or similar law now or hereafter in effect, and such petition or case shall continue undismissed and unstayed for a period of sixty (60) days; or an order, judgment or decree approving or
ordering any of the foregoing shall be entered in any such proceeding; 
 (h) Any one or more money judgments, writs or warrants
of attachment, executions or similar processes involving an aggregate amount (to the extent not paid or fully bonded or covered by insurance as to which the surety or insurer, as the case may be, has the financial ability to perform and has
acknowledged liability in writing) in excess of $1,000,000 shall be entered or filed against the Borrower or any other Credit Party or any of their respective properties and the same shall not be paid, dismissed, bonded, vacated, stayed or
discharged within a period of thirty (30) days or in any event later than five (5) days prior to the date of any proposed sale of such property thereunder; 

(i) Any Credit Document shall for any reason (other than as explicitly permitted under this Agreement or any other Credit Document) cease
to be in full force and effect as to any Credit Party, or any Credit Party or any Person acting on its behalf shall deny or disaffirm such Credit Party’s obligations thereunder; 

 

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 (j) A Change of Control shall have occurred; 

(k) Any ERISA Event or any other event or condition shall occur or exist with respect to any Plan or Multiemployer Plan and, as a result
thereof, together with all other ERISA Events and other events or conditions then existing, any Credit Party and its ERISA Affiliates have incurred, or could reasonably be expected to incur, liability to any one or more Plans or Multiemployer Plans
or to the PBGC (or to any combination thereof) in excess of $1,000,000; or 
 (l) Any one or more licenses, permits,
accreditations or authorizations of the Borrower or any other Credit Party shall be suspended, limited or terminated or shall not be renewed, or any other action shall be taken by any Governmental Authority or Self-Regulatory Organization in
response to any alleged failure by the Borrower or any of its Subsidiaries to be in compliance with applicable Requirements of Law, and such action, individually or in the aggregate, has or could reasonably be expected to have a Material Adverse
Effect. 
 8.2 Remedies: Termination of Commitments, Acceleration, etc. Upon and at any time after the occurrence and
during the continuance of any Event of Default, the Administrative Agent shall at the direction, or may with the consent, of the Required Lenders, take any or all of the following actions at the same or different times: 

(a) Declare the Commitments and the Swingline Commitment to be terminated, whereupon the same shall terminate; provided that, upon
the occurrence of a Bankruptcy Event, the Commitments, the Swingline Commitment and the Issuing Lender’s obligation to issue Letters of Credit shall automatically be terminated; 

(b) Declare all or any part of the outstanding principal amount of the Loans to be immediately due and payable, whereupon the principal
amount so declared to be immediately due and payable, together with all interest accrued thereon and all other amounts payable under this Agreement and the other Credit Documents (but, for the avoidance of doubt, excluding any amounts owing under
any Hedge Agreement), shall become immediately due and payable without presentment, demand, protest, notice of intent to accelerate or other notice or legal process of any kind, all of which are hereby knowingly and expressly waived by the Borrower;
provided that, upon the occurrence of a Bankruptcy Event, all of the outstanding principal amount of the Loans and all other amounts described in this Section 8.2(b) shall automatically become immediately due and payable without
presentment, demand, protest, notice of intent to accelerate or other notice or legal process of any kind, all of which are hereby knowingly and expressly waived by the Borrower; 

(c) Appoint or direct the appointment of a receiver for the properties and assets of the Credit Parties, both to operate and to sell such
properties and assets, and the Borrower, for itself and on behalf of its Subsidiaries, hereby consents to such right and such appointment and hereby waives any objection the Borrower or any Subsidiary may have thereto or the right to have a bond or
other security posted by the Administrative Agent on behalf of the Lenders, in connection therewith; 
 (d) Exercise all rights
and remedies available to it under this Agreement, the other Credit Documents and applicable law; and 
  

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 (e) Direct the Borrower to deposit (and the Borrower hereby agrees, forthwith upon receipt
of notice of such direction from the Administrative Agent, to deposit) with the Administrative Agent from time to time such additional amount of cash as is equal to the aggregate Stated Amount of all Letters of Credit then outstanding (whether or
not any beneficiary under any Letter of Credit shall have drawn or be entitled at such time to draw thereunder), such amount to be held by the Administrative Agent in the Cash Collateral Account as security for the Letter of Credit Exposure as
described in Section 2.19(i); 
 8.3 Remedies: Set-Off. Upon and at any time after the occurrence and during
the continuance of any Event of Default, each Lender and each of their respective Affiliates is hereby authorized at any time and from time to time, to the fullest extent permitted by applicable law, to set off and apply any and all deposits
(general or special, time or demand, provisional or final, in whatever currency) at any time held and other obligations (in whatever currency) at any time owing by such Lender or any such Affiliate to or for the credit or the account of the Borrower
against any and all of the obligations of the Borrower now or hereafter existing under this Agreement or any other Credit Document to such Lender, irrespective of whether or not such Lender shall have made any demand under this Agreement or any
other Credit Document and although such obligations of the Borrower may be contingent or unmatured or are owed to a branch or office of such Lender different from the branch or office holding such deposit or obligated on such indebtedness. The
rights of each Lender and their respective Affiliates under this Section are in addition to other rights and remedies (including other rights of setoff) that such Lender or their respective Affiliates may have. Each Lender agrees to notify the
Borrower and the Administrative Agent promptly after any such setoff and application; provided that the failure to give such notice shall not affect the validity of such setoff and application. 

ARTICLE IX 

THE ADMINISTRATIVE AGENT 

9.1 Appointment and Authority. Each of the Lenders (for purposes of this Article, references to the Lenders shall also mean the
Swingline Lender) hereby irrevocably appoints Wells Fargo to act on its behalf as the Administrative Agent hereunder and under the other Credit Documents, and Wells Fargo Bank, National Association, London Branch to act on its behalf as the
Multicurrency Agent hereunder and under the other Credit Documents, and authorizes each of the Agents to take such actions on its behalf and to exercise such powers as are delegated to the Agents by the terms hereof or thereof, together with such
actions and powers as are reasonably incidental thereto. The provisions of this Article are solely for the benefit of the Agents and the Lenders, and neither the Borrower nor any other Credit Party shall have rights as a third party beneficiary of
any of such provisions. 
 9.2 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, act as the financial

  

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advisor or in any other advisory capacity for and generally engage in any kind of business with the Borrower or any Subsidiary or other Affiliate thereof as if such Person were not the
Administrative Agent hereunder and without any duty to account therefor to the Lenders. 
 9.3 Exculpatory Provisions.
The Agents shall not have any duties or obligations except those expressly set forth herein and in the other Credit Documents. Without limiting the generality of the foregoing, each of the Agents: 

(a) shall not be subject to any fiduciary or other implied duties, regardless of whether a Default or Event of 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 Credit Documents that such Agent is required to exercise as directed in writing by the Required Lenders (or such other number or percentage of the Lenders as shall be
expressly provided for herein or in the other Credit Documents), provided that no Agent shall be required to take any action that, in its opinion or the opinion of its counsel, may expose the such Agent to liability or that is contrary to any
Credit Document or applicable law; and 
 (c) shall not, except as expressly set forth herein and in the other Credit Documents,
have any duty to disclose, and shall not be liable for the failure to disclose, any information relating to the Borrower or any of its Affiliates that is communicated to or obtained by the Person serving as an Agent or any of its Affiliates in any
capacity. 
 No Agent shall be liable for any action taken or not taken by it (i) with the consent or at the request of the
Required Lenders (or such other number or percentage of the Lenders as shall be necessary, or as the Administrative Agent shall believe in good faith shall be necessary, under the circumstances as provided in Sections 10.5 and
8.2) or (ii) in the absence of its own gross negligence or willful misconduct. Each Agent shall be deemed not to have knowledge of any Default or Event of Default unless and until notice describing such Default or Event of Default is
given to the Administrative Agent by the Borrower or a Lender. 
 No Agent shall 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 Credit Document, (ii) the contents of any certificate, report or other document delivered hereunder or
thereunder or in connection herewith or therewith, (iii) the performance or observance of any of the covenants, agreements or other terms or conditions set forth herein or therein or the occurrence of any Default or Event of Default,
(iv) the validity, enforceability, effectiveness or genuineness of this Agreement, any other Credit Document or any other agreement, instrument or document or (v) the satisfaction of any condition set forth in Article III or
elsewhere herein, other than to confirm receipt of items expressly required to be delivered to the Administrative Agent. 
 9.4
Reliance by Administrative Agent. Each 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 

 

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or otherwise authenticated by the proper Person. Each 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 of a Letter of Credit, that by its terms must be fulfilled to the satisfaction of a Lender or the Issuing
Lender, the applicable Agent may presume that such condition is satisfactory to such Lender or the Issuing Lender unless such Agent shall have received notice to the contrary from such Lender or the Issuing Lender prior to the making of such Loan or
the issuance of such Letter of Credit. Each Agent may consult with legal counsel (who may be counsel for the Borrower), 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. 
 9.5 Delegation of Duties. Each Agent may
perform any and all of its duties and exercise its rights and powers hereunder or under any other Credit Document by or through any one or more sub-agents appointed by such Agent. Each Agent and any such sub-agent may perform any and all of its
duties and exercise its rights and powers by or through their respective Related Parties. The exculpatory provisions of this Article shall apply to any such sub-agent and to the Related Parties of each 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 Agent. 

9.6 Resignation of Administrative Agent. The Administrative Agent may at any time give notice of its resignation to the Lenders
and the Borrower. Upon receipt of any such notice of resignation, the Required Lenders shall have the right, in consultation with the Borrower, to appoint a successor, which shall be a bank with an office in the United States, or an Affiliate of any
such bank with an office in the United States, provided that if such bank is not a Lender or an Affiliate of a Lender, the Borrower shall have the right to consent to such appointment (such consent to not be unreasonably withheld). If no such
successor shall have been so appointed by the Required Lenders and shall have accepted such appointment within thirty (30) days after the retiring Administrative Agent gives notice of its resignation, then the retiring Administrative Agent may,
on behalf of the Lenders, appoint a successor Administrative Agent meeting the qualifications set forth above; provided that if the Administrative Agent shall notify the Borrower and the Lenders that no qualifying Person has accepted such
appointment, then such resignation shall nonetheless become effective in accordance with such notice and (1) the retiring Administrative Agent shall be discharged from its duties and obligations hereunder and under the other Credit Documents
(except that in the case of any collateral security held by the Administrative Agent on behalf of the Lenders under any of the Credit Documents, the retiring Administrative Agent shall continue to hold such collateral security until such time as a
successor Administrative Agent is appointed) and (2) all payments, communications and determinations provided to be made by, to or through the Administrative Agent shall instead be made by or to each Lender directly, until such time 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 retired) Administrative Agent, and the retiring Administrative Agent shall be discharged from all of its duties and obligations hereunder or under the other Credit Documents (if not
already discharged therefrom as provided above in this Section). The fees payable by the Borrower to a successor 
  

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Administrative Agent shall be the same as those payable to its predecessor unless otherwise agreed between the Borrower and such successor. After the retiring Administrative Agent’s
resignation hereunder and under the other Credit Documents, the provisions of this Article and Section 10.1 shall continue in effect for the benefit of such retiring Administrative Agent, its sub-agents and their respective Related
Parties in respect of any actions taken or omitted to be taken by any of them while the retiring Administrative Agent was acting as Administrative Agent. 

9.7 Non-Reliance on Administrative Agent and Other Lenders. Each Lender acknowledges that it has, independently and without
reliance upon any 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 also
acknowledges that it will, independently and without reliance upon any 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 Credit Document or any related agreement or any document furnished hereunder or thereunder. 

9.8 No Other Duties, Etc. Anything herein to the contrary notwithstanding, none of the Bookrunners, Arrangers, Syndication Agent
or other agents listed on the cover page hereof shall have any powers, duties or responsibilities under this Agreement or any of the other Credit Documents, except in its capacity, as applicable, as the Administrative Agent or a Lender hereunder.

 9.9 Guaranty Matters. The Lenders hereby authorize the Administrative Agent, at its option and in its discretion, to
release any Guarantor from its obligations under the Guaranty if such Person ceases to be a Subsidiary as a result of a transaction permitted hereunder. Upon request by the Administrative Agent at any time, the Lenders will confirm in writing the
Administrative Agent’s authority to release any Guarantor from its obligations under the Guaranty, pursuant to this Section 9.9. 

9.10 Swingline Lender. The provisions of this Article IX (other than Section 9.2) shall apply to the
Swingline Lender mutatis mutandis to the same extent as such provisions apply to the Administrative Agent. 
 ARTICLE X

 MISCELLANEOUS 

10.1 Expenses; Indemnity; Damage Waiver. 

(a) The Borrower shall pay (i) all reasonable out-of-pocket expenses incurred by the Agents, the Arrangers and their respective
Affiliates (including the reasonable fees, charges and disbursements of counsel for the Administrative Agent and the Arrangers), in connection with the syndication of the credit facilities provided for herein, the preparation, negotiation,
execution, delivery and administration of this Agreement and the other Credit Documents or any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the 

 

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transactions contemplated hereby or thereby shall be consummated), (ii) all out-of-pocket expenses incurred by the Agents or any Lender (including the fees, charges and disbursements of any
counsel for the Agents or any Lender), in connection with the enforcement or protection of its rights (A) in connection with this Agreement and the other Credit Documents, including its rights under this Section, or (B) in connection with
the Loans made hereunder, including all such out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect of such Loans, (iii) all reasonable out-of-pocket expenses incurred by the Issuing Lender in connection
with the issuance, amendment, renewal or extension of any Letter of Credit or any demand for payment thereunder, and (iv) any civil penalty or fine assessed by OFAC against, and all reasonable costs and expenses (including counsel fees and
disbursements) incurred in connection with defense thereof by, any Agent or any Lender as a result of conduct of the Borrower that violates a sanction enforced by OFAC. 

(b) The Borrower shall indemnify each Agent (and any sub-agent thereof), the Arrangers, each Lender, and each Related Party of any of the
foregoing persons (each such person being called an “Indemnitee”) against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses (including the fees, charges and disbursements
of any counsel for any Indemnitee), incurred by any Indemnitee or asserted against any Indemnitee by any third party or by the Borrower or any other Credit Party arising out of, in connection with, or as a result of (i) the execution or
delivery of this Agreement, any other Credit Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto of their respective obligations hereunder or thereunder or the consummation of the
transactions contemplated hereby or thereby, (ii) any Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by the Issuing Lender to honor a demand for payment under a Letter of Credit if the
documents presented in connection with such demand do not strictly comply with the terms of such Letter of Credit), (iii) any actual or alleged presence or release of Hazardous Substances on or from any property owned or operated by any Credit
Party, or any Environmental Claim related in any way to any Credit Party, or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory,
whether brought by a third party or by the Borrower or any other Credit Party, and regardless of whether any Indemnitee is a party thereto; provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such
losses, claims, damages, liabilities or related expenses 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. 

(c) To the extent that the Borrower for any reason fails to indefeasibly pay any amount required under Section 10.1(a) or
Section 10.1(b) to be paid by it to any Agent (or any sub-agent thereof), each Lender severally agrees to pay to the Administrative Agent (or any such sub-agent) such Lender’s proportion (based on the percentages as used in
determining the Required Lenders 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 any Agent (or any such sub-agent) in its capacity as such, or against any Related Party of any of the foregoing acting for such Agent (or any such sub-agent) in connection with such
capacity. The obligations of the Lenders under this Section 10.1(c) are subject to the provisions of Section 2.3(c). 
  

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 (d) To the fullest extent permitted by applicable law, the Borrower shall not assert, and
hereby waives, any claim against any Indemnitee, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement, any
other Credit Document or any agreement or instrument contemplated hereby, the transactions contemplated hereby or thereby, any Loan or Letter of Credit or the use of the proceeds thereof. No Indemnitee referred to in Section 10.1(b)
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 (including Intralinks, SyndTrak or
similar systems) in connection with this Agreement or the other Credit Documents or the transactions contemplated hereby or thereby, except as a result of such Indemnitee’s gross negligence or willful misconduct. 

(e) All amounts due under this Section shall be payable by the Borrower upon demand therefor. 

10.2 Governing Law; Submission to Jurisdiction; Waiver of Venue; Service of Process. 

(a) This Agreement and the other Credit Documents shall (except as may be expressly otherwise provided in any Credit Document) be
governed by, and construed in accordance with, the law of the State of New York (including Sections 5-1401 and 5-1402 of the New York General Obligations Law, but excluding all other choice of law and conflicts of law rules); provided that
each Letter of Credit shall be governed by, and construed in accordance with, the laws or rules designated in such Letter of Credit or application therefor or, if no such laws or rules are designated, the International Standby Practices of the
International Chamber of Commerce, as in effect from time to time (the “ISP”), and, as to matters not governed by the ISP, the laws of the State of New York (including Sections 5-1401 and 5-1402 of the New York General Obligations
Law, but excluding all other choice of law and conflicts of law rules). 
 (b) Each Credit Party irrevocably and unconditionally
submits, for itself and its property, to the nonexclusive jurisdiction of 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, in any action or proceeding arising out of or relating to this Agreement or any other Credit Document, or for recognition or enforcement of any judgment, and each of the parties hereto irrevocably and unconditionally agrees that all claims
in respect of any such action or proceeding may be heard and determined in such 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 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 Credit Document shall affect any right that the Administrative Agent, any
Lender may otherwise have to bring any action or proceeding relating to this Agreement or any other Credit Document against any Credit Party or any of their respective properties in the courts of any jurisdiction. 

(c) The 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 
  

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venue of any action or proceeding arising out of or relating to this Agreement or any other Credit Document in any court referred to in Section 10.2(b). 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. 

(d) Each party hereto irrevocably consents to service of process in the manner provided for notices in Section 10.4. Nothing
in this Agreement will affect the right of any party hereto to serve process in any other manner permitted by applicable law. 

10.3 Waiver of Jury Trial. EACH PARTY HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY
RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER CREDIT DOCUMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY
OTHER THEORY). EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PERSON HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PERSON 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 AND THE OTHER CREDIT DOCUMENTS BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION. 

10.4 Notices; Effectiveness; Electronic Communication. 

(a) Except in the cases of notices and other communications expressly permitted to be given by telephone (and except as provided in
Section 10.4(b)), all notices and other communications provided for herein shall be in writing and shall be delivered by hand or overnight courier service, mailed by certified or registered mail or sent by telecopier as follows:

 (i) if to the Borrower, the Administrative Agent, the Multicurrency Agent, the Issuing Lender or the Swingline
Lender, to it at the address (or telecopier number) specified for such Person on Schedule 1.1(a); and 

(ii) if to any Lender, to it at its address (or telecopier number) set forth in its Administrative Questionnaire.

 Notices sent by hand or overnight courier service, or mailed by certified or registered mail, shall be deemed to have been given when
received; notices sent by telecopier shall be deemed to have been given when sent (except that, if not given during normal business hours for the recipient, shall be deemed to have been given at the opening of business on the next business day for
the recipient). Notices delivered through electronic communications to the extent provided in Section 10.4(b) shall be effective as provided in Section 10.4(b). 

(b) Notices and other communications to the Lenders hereunder may be delivered or furnished by electronic communication (including e-mail
and internet or intranet websites) pursuant to procedures approved by the Administrative Agent, provided that the foregoing shall 

 

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not apply to notices to any Lender pursuant to Article II if such Lender has notified the Administrative Agent that it is incapable of receiving notices under such Article by
electronic communication. The Administrative Agent or the Borrower may, in its discretion, agree to accept notices and other communications to it hereunder by electronic communication pursuant to procedures approved by it, provided that
approval of such procedures may be limited to particular notices or communications. Unless the Administrative Agent otherwise prescribes, (i) notices and other communications sent to an e-mail address shall be deemed received upon the
sender’s receipt of an acknowledgement from the intended recipient (such as by the “return receipt requested” function, as available, return e-mail or other written acknowledgement), provided that if such notice or other
communication is not sent during the normal business hours of the recipient, such notice or communication shall be deemed to have been sent at the opening of business on the next business day for the recipient, and (ii) notices or other
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. 
 (c) Any party hereto may change its address or telecopier number
for notices and other communications hereunder by notice to the other parties hereto (except that each Lender need not give notice of any such change to the other Lenders in their capacities as such). 

10.5 Amendments, Waivers, etc. No amendment, modification, waiver or discharge or termination of, or consent to any departure by
any Credit Party from, any provision of this Agreement or any other Credit Document shall be effective unless in a writing signed by the Required Lenders (or by the Administrative Agent at the direction or with the consent of the Required Lenders),
and then the same shall be effective only in the specific instance and for the specific purpose for which given; provided, however, that no such amendment, modification, waiver, discharge, termination or consent shall: 

(a) unless agreed to by each Lender directly affected thereby, (i) reduce or forgive the principal amount of any Loan or
Reimbursement Obligation, reduce the rate of or forgive any interest thereon (provided that only the consent of the Required Lenders shall be required to waive the applicability of any post-default increase in interest rates), or reduce or
forgive any fees hereunder (other than fees payable to the Administrative Agent or the Arrangers for their own accounts) (it being understood that an amendment to the definition of Total Leverage Ratio (or any defined terms used therein) shall not
constitute a reduction of any interest rate or fees hereunder), (ii) extend the final scheduled maturity date or any other scheduled date for the payment of any principal of or interest on any Loan (including any scheduled date for the
mandatory termination of any Commitments), or extend the time of payment of any fees hereunder (other than fees payable to the Administrative Agent or the Arrangers for their own accounts), or extend the time of payment of any Reimbursement
Obligation or any interest thereon, or extend the expiry date of any Letter of Credit beyond the Letter of Credit Maturity Date, or (iii) increase any Commitment of any such Lender over the amount thereof in effect or extend the maturity
thereof (it being understood that a waiver of any condition precedent set forth in Section 3.2 or of any Default or Event of Default or mandatory termination in the Commitments, if agreed to by the Required Lenders or all Lenders (as may
be required hereunder with respect to such waiver), shall not constitute such an increase); 
  

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 (b) unless agreed to by all of the Lenders, (i) release any Guarantor from its
obligations under the Guaranty (other than (A) as may be otherwise specifically provided in this Agreement or in any other Credit Document or (B) in connection with the sale or other disposition of all of the Capital Stock of such
Guarantor in a transaction expressly permitted under or pursuant to this Agreement), (ii) reduce the percentage of the aggregate Commitments or of the aggregate unpaid principal amount of the Loans, or the number or percentage of Lenders, that
shall be required for the Lenders or any of them to take or approve, or direct the Administrative Agent to take, any action hereunder or under any other Credit Document (including as set forth in the definition of “Required
Lenders”), (iii) change any other provision of this Agreement or any of the other Credit Documents requiring, by its terms, the consent or approval of all the Lenders for such amendment, modification, waiver, discharge, termination or
consent, or (iv) change or waive any provision of Section 2.12(e), Section 2.14, any other provision of this Agreement or any other Credit Document requiring pro rata treatment of any Lenders, or this
Section 10.5; 
 (c) change any provisions of any Credit Document in a manner that by its terms adversely affects
the rights in respect of payments due to Lenders holding Loans of any Class differently than those of Lenders holding Loans of any other Class without the written consent of the Required Lenders of each adversely affected Class; 

(d) unless agreed to by the Swingline Lender or the Administrative Agent in addition to the Lenders required as provided hereinabove to
take such action, affect the respective rights or obligations of the Swingline Lender or the Administrative Agent, as applicable, hereunder or under any of the other Credit Documents; and 

(e) unless agreed to by each Hedge Party that would be adversely affected thereby in its capacity as such relative to the Lenders,
(i) amend the definition of “Guaranteed Obligations” in the Guaranty (or any similar defined term in any other Credit Document benefiting such Hedge Party), (ii) amend the definition of “Guaranteed Parties” in the
Guaranty (or any similar defined term in any other Credit Document benefiting such Hedge Party), (iii) amend any provision regarding priority of payments in this Agreement or any other Credit Document, or (iv) release any Guarantor from
its obligations under the Guaranty (other than (A) as may be otherwise specifically provided in this Agreement or in any other Credit Document or (B) in connection with the sale or other disposition of all of the Capital Stock of such
Guarantor in a transaction expressly permitted under or pursuant to this Agreement); 
 and provided further that any waiver,
amendment or modification of this Agreement that by its terms adversely affects the rights or duties under this Agreement of the Dollar Lenders (but not the Multicurrency Lenders) or the Multicurrency Lenders (but not the Dollar Lenders) may be
effected by an agreement or agreements in writing entered into by the Borrower and the requisite percentage in interest of the affected Class of Lenders; 

and provided further that the Fee Letters may only be amended or modified, and any rights thereunder waived, in a writing signed by
the parties thereto. 
 Notwithstanding the fact that the consent of all Lenders is required in certain circumstances as set forth above, each
Lender is entitled to vote as such Lender sees fit on any bankruptcy 
  

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reorganization plan that affects the Loans, and each Lender acknowledges that the provisions of Section 1126(c) of the Bankruptcy Code supersedes the unanimous consent provisions set forth
herein. Notwithstanding anything to the contrary herein, no Defaulting Lender shall have any right to approve or disapprove any amendment, waiver or consent hereunder, except that the Commitment of such Lender may not be increased or extended
without the consent of such Lender. 
 10.6 Successors and Assigns. 

(a) The provisions of this Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors
and assigns permitted hereby, except that neither the Borrower nor any other Credit Party may assign or otherwise transfer any of its rights or obligations hereunder without the prior written consent of the Administrative Agent and each Lender and
no Lender may assign or otherwise transfer any of its rights or obligations hereunder except (i) to an assignee in accordance with the provisions of Section 10.6(b), (ii) by way of participation in accordance with the
provisions of Section 10.6(d) or (iii) by way of pledge or assignment of a security interest subject to the restrictions of Section 10.6(f) (and any other attempted assignment or transfer by any party hereto shall be
null and void). Nothing in this Agreement, expressed or implied, shall be construed to confer upon any Person (other than the parties hereto, their respective successors and assigns permitted hereby, Participants to the extent provided in
Section 10.6(d) and, to the extent expressly contemplated hereby, the Related Parties of each of the Administrative Agent and the Lenders) any legal or equitable right, remedy or claim under or by reason of this Agreement. 

(b) Any Lender may assign to one or more assignees all or a portion of its rights and obligations under this Agreement (including all or
a portion of its Commitments and the Loans (including for purposes of this Section 10.6(b), participations in Swingline Loans and Letters of Credit) at the time owing to it); provided that any such assignment shall be subject to
the following conditions: 
 (i) The prior written consent of the Administrative Agent and the Borrower (such
consent not to be unreasonably withheld or delayed) is obtained, except that 
 (A) the consent of the Borrower
shall not be required if (y) a Default or Event of Default has occurred and is continuing at the time of such assignment or (z) such assignment is to a Lender, an Affiliate of a Lender or an Approved Fund; and 

(B) the consent of the Administrative Agent shall not be required for assignments in respect of a Commitment if such
assignment is to a Person that is a Revolving Credit Lender; 
 (ii) (A) in the case of an assignment of the
entire remaining amount of the assigning Lender’s Commitment and the Loans of a Class at the time owing to it or in the case of an assignment to a Lender, an Affiliate of a Lender or an Approved Fund, no minimum amount need be assigned, and
(B) in any case not described in clause (A) above, the aggregate amount of the Commitment of a Class (which for this purpose 

 

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includes Loans outstanding thereunder) or, if the applicable Commitment is not then in effect, the principal outstanding balance of the Loans of a Class of the assigning Lender subject to each
such assignment (determined as of the date the Assignment and Assumption with respect to such assignment is delivered to the Administrative Agent or, if “Trade Date” is specified in the Assignment and Assumption, as of the Trade Date)
shall not be less than (x) $5,000,000, in the case of any assignment in respect of a Commitment of a Class (which for this purpose includes Revolving Loans of such Class outstanding), or (y) the entire Swingline Commitment and the full
amount of the outstanding Swingline Loans, in the case of Swingline Loans, in any case, treating assignments to two or more Approved Funds under common management as one assignment for purposes of the minimum amounts, unless each of the
Administrative Agent and, so long as no Default or Event of Default has occurred and is continuing, the Borrower otherwise consents (each such consent not to be unreasonably withheld or delayed); 

(iii) 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 Loan or the Commitment of a Class assigned, except that this clause (iii) shall not apply to rights in respect of Swingline Loans; 

(iv) the parties to each assignment shall execute and deliver to the Administrative Agent an Assignment and Assumption,
together with a processing and recordation fee of $3,500 for each assignment and the assignee, if it is not a Lender of the applicable Class, shall deliver to the Administrative Agent an Administrative Questionnaire; 

(v) no such assignment shall be made to the Borrower or any of the Borrower’s Affiliates or Subsidiaries; and

 (vi) no such assignment shall be made to a natural person. 

Subject to acceptance and recording thereof by the Administrative Agent pursuant to Section 10.6(c), from and after the effective date
specified in each Assignment and Assumption, the assignee thereunder shall be a party to this Agreement and, to the extent of the interest assigned by such Assignment and Assumption, have the rights and obligations of a Lender under this Agreement,
and the assigning Lender thereunder shall, to the extent of the interest assigned by such Assignment and Assumption, be released from its obligations under this Agreement (and, in the case of an Assignment and Assumption covering all of the
assigning Lender’s rights and obligations under this Agreement, such Lender shall cease to be a party hereto) but shall continue to be entitled to the benefits of Sections 2.15(a), 2.15(b), 2.16, 2.17 and
10.1 with respect to facts and circumstances occurring prior to the effective date of such assignment. If requested by or on behalf of the assignee, the Borrower, at its own expense, will execute and deliver to the Administrative Agent a new
Note or Notes to the order of the assignee (and, if the assigning Lender has retained any portion of its rights and obligations hereunder, to the order of the assigning Lender), prepared in accordance with the applicable provisions of
Section 2.4 as necessary to reflect, after giving effect to the assignment, the Commitments and/or outstanding Loans, as the case may be, of the assignee and (to the extent of any retained interests) the

  

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assigning Lender, in substantially the form of Exhibits A-1, A-2 and/or A-3, as applicable. Any assignment or transfer by a Lender of rights or obligations under this Agreement
that does not comply with this Section 10.6(b) 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 Section 10.6(d). 

(c) The Administrative Agent, acting solely for this purpose as an agent of the Borrower, shall maintain at its address for notices
referred to in Schedule 1.1(a) a copy of each Assignment and Assumption delivered to it and a register for the recordation of the names and addresses of the Lenders, and the Commitments of, and principal amounts of the Loans owing to,
each Lender pursuant to the terms hereof from time to time (the “Register”). The entries in the Register shall be conclusive, and the Borrower, the Administrative Agent 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. The Register shall be available for inspection by the Borrower, at any reasonable time and from time to time
upon reasonable prior notice. In addition, at any time that a request for a consent for a material or substantive change to the Credit Documents is pending, any Lender wishing to consult with other Lenders in connection therewith may request and
receive from the Administrative Agent a copy of the Register. 
 (d) Any Lender may at any time, without the consent of, or
notice to, the Borrower or the Administrative Agent, sell participations to any Person (other than a natural person or the Borrower or any of the Borrower’s Affiliates or Subsidiaries) (each, a “Participant”) in all or a
portion of such Lender’s rights and/or obligations under this Agreement (including all or a portion of its Commitments and/or the Loans (including such Lender’s participations Swingline Loans and Letters of Credit) owing to it);
provided that (i) such Lender’s obligations under this Agreement shall remain unchanged, (ii) such Lender shall remain solely responsible to the other parties hereto for the performance of such obligations and (iii) the
Borrower, the Administrative Agent, the Lenders and the Swingline Lender shall continue to deal solely and directly with such Lender in connection with such Lender’s rights and obligations under this Agreement. Any agreement or instrument
pursuant to which a Lender sells such a participation shall provide that such Lender shall retain the sole right to enforce this Agreement and to approve any amendment, modification or waiver of any provision of this Agreement; provided that
such agreement or instrument may provide that such Lender will not, without the consent of the Participant, agree to any amendment, waiver or other modification described in Section 10.5(a) and clause (i) of
Section 10.5(b) that affects such Participant. Subject to Section 10.6(e), the Borrower agrees that each Participant shall be entitled to the benefits of Sections 2.15(a), 2.15(b), 2.16 and
2.17 to the same extent as if it were a Lender and had acquired its interest by assignment pursuant to Section 10.6(b). To the extent permitted by law, each Participant also shall be entitled to the benefits of
Section 8.3 as though it were a Lender; provided such Participant agrees to be subject to Section 2.14(b) as though it were a Lender. 

(e) A Participant shall not be entitled to receive any greater payment under Section 2.15(a),
Section 2.15(b) or Section 2.16 than the applicable Lender would have been entitled to receive with respect to the participation sold to such Participant, unless the sale of the participation to such Participant is made
with the Borrower’s prior written consent. A Participant that would be a Foreign Lender if it were a Lender shall not be entitled to the benefits of Section 2.16 unless the Borrower is notified of the participation sold to such
Participant and such Participant agrees, for the benefit of the Borrower, to comply with Section 2.16(e) as though it were a Lender. 
  

 100 

 (f) Any Lender may at any time pledge or assign, or grant a security interest in, all or any
portion of its rights under this Agreement (including under its Notes, if any) to secure obligations of such Lender, including any pledge or assignment or grant to secure obligations to a Federal Reserve Bank; provided that no such pledge or
assignment or grant shall release such Lender from any of its obligations hereunder or substitute any such pledgee or assignee or grantee for such Lender as a party hereto. 

(g) The words “execution,” “signed,” “signature,” and words of like import in any Assignment and Assumption
shall be deemed to include electronic signatures or the keeping of records in electronic form, each of which shall be of the same legal effect, validity or enforceability as a manually executed signature or the use of a paper-based recordkeeping
system, as the case may be, to the extent and as provided for in any applicable law, including the Federal Electronic Signatures in Global and National Commerce Act or any state laws based on the Uniform Electronic Transactions Act. 

(h) Any Lender or participant may, in connection with any assignment, participation, pledge or proposed assignment, participation or
pledge pursuant to this Section 10.6, disclose to the Assignee, Participant or pledgee or proposed Assignee, Participant or pledgee any information relating to the Borrower and its Subsidiaries furnished to it by or on behalf of any
other party hereto, provided that such Assignee, Participant or pledgee or proposed Assignee, Participant or pledgee agrees in writing to keep such information confidential to the same extent required of the Lenders under
Section 10.11. 
 (i) Notwithstanding anything to the contrary contained herein, if Wells Fargo assigns all of its
Commitments and Revolving Loans in accordance with this Section 10.6, Wells Fargo may resign as Issuing Lender and Swingline Lender upon written notice to the Borrower and the Lenders. Upon any such notice of resignation, the Borrower
shall have the right to appoint from among the Lenders a successor Issuing Lender; provided that no failure by the Borrower to make such appointment shall affect the resignation of Wells Fargo as Issuing Lender. Wells Fargo shall retain all
of the rights and obligations of the Issuing Lender hereunder with respect to all Letters of Credit issued by it and outstanding as of the effective date of its resignation and all obligations of the Borrower and the Revolving Credit Lenders with
respect thereto (including the right to require the Revolving Credit Lenders to make Revolving Loans or fund participation interests pursuant to Section 2.19). 

10.7 No Waiver. The rights and remedies of the Administrative Agent and the Lenders expressly set forth in this Agreement and the
other Credit Documents are cumulative and in addition to, and not exclusive of, all other rights and remedies available at law, in equity or otherwise. No failure or delay on the part of the Administrative Agent or any Lender in exercising any
right, power or privilege shall operate as a waiver thereof, nor shall any single or partial exercise of any such right, power or privilege preclude other or further exercise thereof or the exercise of any other right, power or privilege or be
construed to be a waiver of any Default or Event of Default. No course of dealing between any Credit Party, the Administrative Agent or the Lenders or their agents or employees shall be effective to amend, modify or discharge any

  

 101 

 
provision of this Agreement or any other Credit Document or to constitute a waiver of any Default or Event of Default. No notice to or demand upon any Credit Party in any case shall entitle any
Credit Party to any other or further notice or demand in similar or other circumstances or constitute a waiver of the right of the Administrative Agent or any Lender to exercise any right or remedy or take any other or further action in any
circumstances without notice or demand. 
 10.8 Survival. All representations, warranties and agreements made by or on
behalf of the Borrower or any other Credit Party in this Agreement and in the other Credit Documents shall survive the execution and delivery hereof or thereof and the making and repayment of the Loans until the indefeasible payment in full of the
Obligations. In addition, notwithstanding anything herein or under applicable law to the contrary, the provisions of this Agreement and the other Credit Documents relating to indemnification or payment of costs and expenses, including, without
limitation, the provisions of Sections 2.15(a), 2.15(b), 2.16, 2.17 and 10.1, shall survive the payment in full of all Loans and Letters of Credit, the termination of the Commitments and any termination of this Agreement
or any of the other Credit Documents. Except as set forth above, this Agreement and the Credit Documents shall be deemed terminated upon the indefeasible payment in full of the Obligations. 

10.9 Severability. To the extent any provision of this Agreement is prohibited by or invalid under the applicable law of any
jurisdiction, such provision shall be ineffective only to the extent of such prohibition or invalidity and only in such jurisdiction, without prohibiting or invalidating such provision in any other jurisdiction or the remaining provisions of this
Agreement in any jurisdiction. 
 10.10 Construction. The headings of the various articles, sections and subsections of
this Agreement and the table of contents have been inserted for convenience only and shall not in any way affect the meaning or construction of any of the provisions hereof. Except as otherwise expressly provided herein and in the other Credit
Documents, in the event of any inconsistency or conflict between any provision of this Agreement and any provision of any of the other Credit Documents, the provision of this Agreement shall control. 

10.11 Confidentiality. Each of the Administrative Agent and the Lenders agree to maintain the confidentiality of the Information
(as defined below), except that Information may be disclosed (a) to its Affiliates and to its and its Affiliates’ respective partners, directors, officers, employees, agents, advisors and other representatives (it being understood that the
Persons to whom such disclosure is made will be informed of the confidential nature of such Information and instructed to keep such Information confidential), (b) to the extent requested by any regulatory authority purporting to have
jurisdiction over it (including any self-regulatory authority, such as the National Association of Insurance Commissioners), (c) to the extent required by applicable Requirements of Law or by any subpoena or similar legal process, (d) to
any other party hereto, (e) in connection with the exercise of any remedies hereunder or under any other Credit Document or any action or proceeding relating to this Agreement or any other Credit Document or the enforcement of rights hereunder
or thereunder, (f) subject to an agreement containing provisions substantially the same as those of this Section, to (i) any assignee of or Participant in, or any prospective assignee of or Participant in, any of its rights or obligations
under this Agreement, or (ii) any actual or prospective counterparty (or its advisors) 
  

 102 

 
to any swap or derivative transaction relating to the Borrower and its obligations, (g) with the consent of the Borrower or (h) to the extent such Information (x) becomes publicly
available other than as a result of a breach of this Section or (y) becomes available to the Administrative Agent, any Lender or any of their respective Affiliates on a nonconfidential basis from a source other than the Borrower or any of its
Subsidiaries or Affiliates. 
 For purposes of this Section, “Information” means all information received from
the Credit Parties relating to any Credit Party or any of their respective businesses, other than any such information that is available to the Administrative Agent or any Lender on a nonconfidential basis prior to disclosure by any Credit Party,
provided that, in the case of information received from any Credit Party after the date hereof, such information is clearly identified at the time of delivery as confidential. Any Person required to maintain the confidentiality of Information
as provided in this Section shall be considered to have complied with its obligation to do so if such Person has exercised the same degree of care to maintain the confidentiality of such Information as such Person would accord to its own
confidential information. 
 10.12 Counterparts; Integration; Effectiveness. This Agreement may be executed in
counterparts (and by different parties hereto in different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract. This Agreement and the other Credit Documents constitute
the entire contract among the parties relating to the subject matter hereof and supersede any and all previous agreements and understandings, oral or written, relating to the subject matter hereof (except for the Fee Letters). Except as provided in
Section 3.1, this Agreement shall become effective when it shall have been executed by the Administrative Agent and when the Administrative Agent shall have received counterparts hereof that, when taken together, bear the signatures of
each of the other parties hereto. Delivery of an executed counterpart of a signature page of this Agreement by telecopy (or by PDF formatted page sent by electronic mail) shall be effective as delivery of a manually executed counterpart of this
Agreement. 
 10.13 Disclosure of Information. The Borrower agrees and consents to the Administrative Agent’s and
the Arrangers’ disclosure of information relating to this transaction to Gold Sheets and other similar bank trade publications. Such information will consist of deal terms and other information customarily found in such publications.

 10.14 USA Patriot Act Notice. Each Lender that is subject to the Act (as defined below) and the Administrative Agent
(for itself and not on behalf of any Lender) hereby notifies the Borrower 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 the Borrower, which information includes the name and address of the Borrower and other information that will allow such Lender or the Administrative Agent, as applicable, to identify the
Borrower in accordance with the Act. 
  

 103 

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

					
	INTERCONTINENTALEXCHANGE, INC.
		
	By:	 	 /s/ Scott A. Hill

		 	Name:	 	Scott A. Hill
		 	Title:	 	Senior Vice President and Chief Financial Officer
	
	WELLS FARGO BANK, NATIONAL ASSOCIATION (successor by merger to Wachovia Bank, National Association), as Administrative Agent, Swingline Lender and as a Lender

		
	By:	 	 /s/ G. Mendel Lay, Jr.

		 	Name:	 	G. Mendel Lay, Jr.
		 	Title:	 	Senior Vice President
	
	BANK OF AMERICA, N.A., as Syndication Agent and as a Lender
		
	By:	 	 /s/ Thomas M. Paulk

		 	Name:	 	Thomas M. Paulk
		 	Title:	 	Vice President
	
	BANK OF MONTREAL (Chicago Branch), as Documentation Agent and as a Lender
		
	By:	 	 /s/ Scott Ferris

		 	Name:	 	Scott Ferris
		 	Title:	 	Managing Director
	
	SOCIETE GENERALE, as Documentation Agent and as a Lender
		
	By:	 	 /s/ Ambrish Thanawala

		 	Name:	 	Ambrish Thanawala
		 	Title:	 	Managing Director

					
	THE BANK OF TOKYO-MITSUBISHI UFJ, LTD. NEW YORK BRANCH, as Documentation Agent and as a Lender
		
	By:	 	 /s/ Chimie T. Pemba

		 	Name:	 	Chimie T. Pemba
		 	Title:	 	Authorized Signatory
	
	REGIONS BANK, as a Lender
		
	 By:
	 	 /s/ Stephen Brothers

		 	Name:	 	Stephen Brothers
		 	Title:	 	Senior Vice President
	
	DEUTSCHE BANK AG NEW YORK BRANCH, as a Lender
		
	 By:
	 	 /s/ Robert Chelsey

		 	Name:	 	Robert Chelsey
		 	Title:	 	Director
		
	 By:
	 	 /s/ Michael Campites

		 	Name:	 	Michael Campites
		 	Title:	 	Vice President
	
	MORGAN STANLEY BANK, N.A., as a Lender
		
	 By:
	 	 /s/ Ryan Vetsch

		 	Name:	 	Ryan Vetsch
		 	Title:	 	Authorized Signatory
	
	FIFTH THIRD BANK AN OHIO BANKING CORPORATION, as a Lender
		
	 By:
	 	 /s/ Mitchell A. Early

		 	Name:	 	Mitchell A. Early
		 	Title:	 	Portfolio Manager
	
	THE BANK OF NEW YORK MELLON, as a Lender
		
	 By:
	 	 /s/ Robert J. Motzel, Jr.

		 	Name:	 	Robert J. Motzel, Jr.
		 	Title:	 	Vice President

					
	CHANG HWA COMMERCIAL BANK, LTD., NEW YORK BRANCH, as a Lender
		
	 By:
	 	 /s/ Eric Tsai

		 	Name:	 	Eric Tsai
		 	Title:	 	V.P. & General Manager
	
	TAIWAN COOPERATIVE BANK, LOS ANGELES BRANCH, as a Lender
		
	 By:
	 	 /s/ Li-Hua Huang

		 	Name:	 	Li-Hua Huang
		 	Title:	 	AVP & General Manager
	
	BANK OF TAIWAN, NEW YORK AGENCY, as a Lender
		
	 By:
	 	 /s/ Thomas K.C. Wu

		 	Name:	 	Thomas K.C. Wu
		 	Title:	 	VP & General Manager
	
	E. SUN COMMERCIAL BANK, LTD., LOS ANGELES BRANCH, as a Lender
		
	 By:
	 	 /s/ Benjamin Lin

		 	Name:	 	Benjamin Lin
		 	Title:	 	EVP & General Manager
	
	FIRST COMMERCIAL BANK NEW YORK AGENCY, as a Lender
		
	 By:
	 	 /s/ Jenn-Hwa Wang

		 	Name:	 	Jenn-Hwa Wang
		 	Title:	 	General Manager
	
	HUA NAN COMMERCIAL BANK, LTD. NEW YORK AGENCY, as a Lender
		
	 By:
	 	 /s/ Henry Hsieh

		 	Name:	 	Henry Hsieh
		 	Title:	 	Assistant Vice President

					
	TAIWAN BUSINESS BANK, as a Lender
		
	 By:
	 	 /s/ Alex Wang

		 	Name:	 	Alex Wang
		 	Title:	 	S.V.P. & General Manager
	
	MEGA INTERNATIONAL COMMERCIAL BANK CO., LTD. NEW YORK BRANCH, as a Lender
		
	 By:
	 	 /s/ Priscilla Hsing

		 	Name:	 	Priscilla Hsing
		 	Title:	 	VP & DGM
	
	BANK OF COMMUNICATIONS CO., LTD., NEW YORK BRANCH, as a Lender
		
	 By:
	 	 /s/ Shelley He

		 	Name:	 	Shelley He
		 	Title:	 	Deputy General Manager
	
	THE CHIBA BANK, LTD., NEW YORK BRANCH, as a Lender
		
	 By:
	 	 /s/ Akihiro Watanabe

		 	Name:	 	Akihiro Watanabe
		 	Title:	 	Senior Deputy General Manager

  

 EXHIBITS 

 EXHIBIT A-1 

Borrower’s Taxpayer Identification No. 58-2555670 

FORM OF DOLLAR NOTE 
  

			
	$            	  	             , 20    

Charlotte, North Carolina 

FOR VALUE RECEIVED, INTERCONTINENTALEXCHANGE, INC., a Delaware corporation (the “Borrower”), hereby promises to
pay to the order of 

                     
        (the “Lender”), at the offices of Wells Fargo Bank, National Association (the “Administrative Agent”) located at One Wachovia Center, 301 South College Street,
Charlotte, North Carolina (or at such other place or places as the Administrative Agent may designate), at the times and in the manner provided in the Credit Agreement, dated as of
            , 2010 (as amended, modified, restated or supplemented from time to time, the “Credit Agreement”), among the Borrower, the Lenders from time to time
parties thereto, Wells Fargo Bank, National Association, as Administrative Agent, Issuing Lender and Swingline Lender, and Bank of America, N.A., as Syndication Agent, the principal sum of 

                      
       DOLLARS ($            ), or such lesser amount as may constitute the unpaid principal amount of the Dollar Loans made by the Lender,
under the terms and conditions of this promissory note (this “Dollar Note”) and the Credit Agreement. The defined terms in the Credit Agreement are used herein with the same meaning. The Borrower also promises to pay interest on the
aggregate unpaid principal amount of this Dollar Note at the rates applicable thereto from time to time as provided in the Credit Agreement. 

This Dollar Note is one of a series of Dollar Notes referred to in the Credit Agreement and is issued to evidence the Dollar Loans made
by the Lender pursuant to the Credit Agreement. All of the terms, conditions and covenants of the Credit Agreement are expressly made a part of this Dollar Note by reference in the same manner and with the same effect as if set forth herein at
length, and any holder of this Dollar Note is entitled to the benefits of and remedies provided in the Credit Agreement and the other Credit Documents. Reference is made to the Credit Agreement for provisions relating to the interest rate, maturity,
payment, prepayment and acceleration of this Dollar Note. 
 In the event of an acceleration of the maturity of this Dollar
Note, this Dollar Note shall become immediately due and payable, without presentation, demand, protest or notice of any kind, all of which are hereby waived by the Borrower. 

In the event this Dollar Note is not paid when due at any stated or accelerated maturity, the Borrower agrees to pay, in addition to the
principal and interest, all costs of collection, including reasonable attorneys’ fees, in accordance with the Credit Agreement. 

 This Dollar Note shall be governed by and construed in accordance with the internal laws and
judicial decisions of the State of New York (including Sections 5-1401 and 5-1402 of the New York General Obligations Law, but excluding all other choice of law and conflicts of law rules). The Borrower hereby submits to the nonexclusive
jurisdiction of courts of the state of New York and of the United States District Court of the Southern District of New York, and any appellate court thereof, although the Lender shall not be limited to bringing an action in such courts. 

(signature next page) 

 IN WITNESS WHEREOF, the Borrower has caused this Dollar Note to be executed by its
duly authorized corporate officer as of the day and year first above written. 
  

			
	INTERCONTINENTALEXCHANGE, INC.
		
	 By:
	 	  

	 Name:
	 	  

	 Title:
	 	  

SIGNATURE PAGE TO DOLLAR NOTE 

 EXHIBIT A-2 

Borrower’s Taxpayer Identification No. 58-2555670 

FORM OF MULTICURRENCY NOTE 

			
	$            	  	            , 20    

Charlotte, North Carolina 

FOR VALUE RECEIVED, INTERCONTINENTALEXCHANGE, INC., a Delaware corporation (the “Borrower”), hereby promises to
pay to the order of 

                     
        (the “Lender”), at the offices of Wells Fargo Bank, National Association (the “Administrative Agent”) located at One Wachovia Center, 301 South College Street,
Charlotte, North Carolina (or at such other place or places as the Administrative Agent may designate), at the times and in the manner provided in the Credit Agreement, dated as of
            , 2010 (as amended, modified, restated or supplemented from time to time, the “Credit Agreement”), among the Borrower, the Lenders from time to time
parties thereto, Wells Fargo Bank, National Association, as Administrative Agent, Issuing Lender and Swingline Lender, and Bank of America, N.A., as Syndication Agent, the principal sum of 

                      
       DOLLARS ($            ), or such lesser amount as may constitute the unpaid principal Dollar amount of the Multicurrency Loans
made by the Lender, under the terms and conditions of this promissory note (this “Multicurrency Note”) and the Credit Agreement. The defined terms in the Credit Agreement are used herein with the same meaning. The Borrower also
promises to pay interest on the aggregate unpaid principal amount of this Multicurrency Note at the rates applicable thereto from time to time as provided in the Credit Agreement. 

This Multicurrency Note is one of a series of Multicurrency Notes referred to in the Credit Agreement and is issued to evidence the
Multicurrency Loans made by the Lender pursuant to the Credit Agreement. All of the terms, conditions and covenants of the Credit Agreement are expressly made a part of this Multicurrency Note by reference in the same manner and with the same effect
as if set forth herein at length, and any holder of this Multicurrency Note is entitled to the benefits of and remedies provided in the Credit Agreement and the other Credit Documents. Reference is made to the Credit Agreement for provisions
relating to the interest rate, maturity, payment, prepayment and acceleration of this Multicurrency Note. 
 In the event of an
acceleration of the maturity of this Multicurrency Note, this Multicurrency Note shall become immediately due and payable, without presentation, demand, protest or notice of any kind, all of which are hereby waived by the Borrower. 

 In the event this Multicurrency Note is not paid when due at any stated or accelerated
maturity, the Borrower agrees to pay, in addition to the principal and interest, all costs of collection, including reasonable attorneys’ fees, in accordance with the Credit Agreement. 

This Multicurrency Note shall be governed by and construed in accordance with the internal laws and judicial decisions of the State of
New York (including Sections 5-1401 and 5-1402 of the New York General Obligations Law, but excluding all other choice of law and conflicts of law rules). The Borrower hereby submits to the nonexclusive jurisdiction of courts of the state of New
York and of the United States District Court of the Southern District of New York, and any appellate court thereof, although the Lender shall not be limited to bringing an action in such courts. 

(signature next page) 

 IN WITNESS WHEREOF, the Borrower has caused this Multicurrency Note to be executed by
its duly authorized corporate officer as of the day and year first above written. 
  

			
	INTERCONTINENTALEXCHANGE, INC.
		
	 By:
	 	  

	 Name:
	 	  

	 Title:
	 	  

SIGNATURE PAGE TO MULTICURRENCY NOTE 

 EXHIBIT A-3 

Borrower’s Taxpayer Identification No. 58-2555670 

FORM OF SWINGLINE NOTE 
  

			
	$                    	  	            , 20    
		  	Charlotte, North Carolina

FOR VALUE RECEIVED, INTERCONTINENTALEXCHANGE, INC. , a Delaware corporation (the “Borrower”), hereby promises to
pay to the order of 
 WELLS FARGO BANK, NATIONAL ASSOCIATION (the “Swingline Lender”), at the offices
of Wells Fargo Bank, National Association (the “Administrative Agent”) located at One Wachovia Center, 301 South College Street, Charlotte, North Carolina (or at such other place or places as the Administrative Agent may designate),
at the times and in the manner provided in the Credit Agreement, dated as of             , 2010 (as amended, modified, restated or supplemented from time to time, the “Credit
Agreement”), among the Borrower, the Lenders from time to time parties thereto, Wells Fargo Bank, National Association, as Administrative Agent, Issuing Lender and Swingline Lender, and Bank of America, N.A., as Syndication Agent, the
principal sum of 

                    
DOLLARS ($            ), or such lesser amount as may constitute the unpaid principal amount of the Swingline Loans made by the Swingline Lender, under the terms and
conditions of this promissory note (this “Swingline Note”) and the Credit Agreement. The defined terms in the Credit Agreement are used herein with the same meaning. The Borrower also promises to pay interest on the aggregate unpaid
principal amount of this Swingline Note at the rates applicable thereto from time to time as provided in the Credit Agreement. 

This Swingline Note is issued to evidence the Swingline Loans made by the Swingline Lender pursuant to the Credit Agreement. All of the
terms, conditions and covenants of the Credit Agreement are expressly made a part of this Swingline Note by reference in the same manner and with the same effect as if set forth herein at length, and any holder of this Swingline Note is entitled to
the benefits of and remedies provided in the Credit Agreement and the other Credit Documents. Reference is made to the Credit Agreement for provisions relating to the interest rate, maturity, payment, prepayment and acceleration of this Swingline
Note. 
 In the event of an acceleration of the maturity of this Swingline Note, this Swingline Note shall become immediately
due and payable, without presentation, demand, protest or notice of any kind, all of which are hereby waived by the Borrower. 
  

 115 

 In the event this Swingline Note is not paid when due at any stated or accelerated maturity,
the Borrower agrees to pay, in addition to the principal and interest, all costs of collection, including reasonable attorneys’ fees. 

This Swingline Note shall be governed by and construed in accordance with the internal laws and judicial decisions of the State of New
York (including Sections 5-1401 and 5-1402 of the New York General Obligations Law, but excluding all other choice of law and conflicts of law rules). The Borrower hereby submits to the nonexclusive jurisdiction of courts of the state of New York
and of the United States District Court of the Southern District of New York, and any appellate court thereof, although the Lender shall not be limited to bringing an action in such courts. 

 IN WITNESS WHEREOF, the Borrower has caused this Swingline Note to be executed by its
duly authorized corporate officer as of the day and year first above written. 
  

			
	INTERCONTINENTALEXCHANGE, INC.
		
	 By:
	 	  

	 Name:
	 	  

	 Title:
	 	  

 

 SIGNATURE PAGE TO SWINGLINE NOTE 

 EXHIBIT B-1 

FORM OF NOTICE OF BORROWING 

[Date] 
 Wells Fargo Bank,
National Association, 
 as Administrative Agent 

1525 W.T. Harris Blvd. 
 Building 3A2, Mailcode
NC 0680 
 Charlotte, North Carolina 28262 

Attention: Syndication Agency Services 
 Ladies
and Gentlemen: 
 The undersigned, INTERCONTINENTALEXCHANGE, INC., a Delaware corporation (the
“Borrower”), refers to the Credit Agreement, dated as of             , 2010, among the Borrower, certain Lenders from time to time parties thereto, you, as
Administrative Agent, Issuing Lender and Swingline Lender for the Lenders, and Bank of America, N.A., as Syndication Agent (as amended, modified, restated or supplemented from time to time, the “Credit Agreement,” the terms defined
therein being used herein as therein defined), and, pursuant to Section 2.2(b) of the Credit Agreement, hereby gives you, as Administrative Agent, irrevocable notice that the Borrower requests a Borrowing of [Dollar][Multicurrency] Loans
under the Credit Agreement, and to that end sets forth below the information relating to such Borrowing (the “Proposed Borrowing”) as required by Section 2.2(b) of the Credit Agreement: 

(i) The aggregate principal amount of the Proposed Borrowing is
[$][€][£]            
.1
2 

(ii) The Loans comprising the Proposed Borrowing shall be initially made as [Base Rate Loans] [LIBOR
Loans].3 

(iii) [The initial Interest Period for the LIBOR Loans comprising the Proposed Borrowing shall be
[one/two/three/six months].]4 

(iv) The Proposed Borrowing is requested to be made on
                     (the “Borrowing
Date”).5 

 

	1
	 Select the applicable Class of Loans. 

	2
	 Amount of Proposed Borrowing must comply with Section 2.2(b) of the Credit Agreement. Dollar Loans may only be denominated in Dollars.
Multicurrency Loans may be denominated in Dollars, Euros or Sterling. 

	3
	 Select the applicable Type of Loans. Multicurrency Loans denominated in Foreign Currency may only be LIBOR Loans. 

	4
	 Include this clause in the case of a Proposed Borrowing comprised of LIBOR Loans, and select the applicable Interest Period.

 (v) The use of the proceeds of the Proposed Borrowing is
[to provide liquidity for the clearing operations of [ICE Clear Europe/ICE Clear US/ICE Trust/ICE Clear Canada][for working capital and general corporate
purposes]6. 

The Borrower hereby certifies that the following statements are true on and as of the date hereof and will be true on and as of the Borrowing Date:

 A. Each of the representations and warranties contained in Article IV of the Credit Agreement and
in the other Credit Documents qualified as to materiality is and will be true and correct and each not so qualified is and will be true and correct in all material respects, in each case on and as of each such date, with the same effect as if made
on and as of each such date, both immediately before and after giving effect to the Proposed Borrowing and to the application of the proceeds therefrom (except to the extent any such representation or warranty is expressly stated to have been made
as of a specific date, in which case each such representation or warranty qualified as to materiality shall be true and correct and each not so qualified shall be true and correct in all material respects, in each case as of such date); 

B. No Default or Event of Default has occurred and is continuing or would result from the Proposed Borrowing or from the
application of the proceeds therefrom; and 
 C. After giving effect to the Proposed
Borrowing, [the Aggregate Revolving Dollar Credit Exposure will not exceed the aggregate Dollar Commitments][the aggregate Dollar Amount of Multicurrency Loans will not exceed the aggregate Multicurrency
Commitments]7. 

 

			
	Very truly yours,
	
	INTERCONTINENTALEXCHANGE, INC.
		
	By:	 	  

	Name:	 	  

	Title:	 	  

 

	5
	 Shall be a Business Day on or after the date hereof (in the case of Base Rate Loans) or at least three Business Days after the date hereof (in the case
of LIBOR Loans). 

	6
	 Select the applicable use of proceeds of the Proposed Borrowing. 

	7
	 Select according to the applicable Class of Loans. 

 

 2 

 EXHIBIT B-2 

FORM OF NOTICE OF SWINGLINE BORROWING 

[Date] 
 Wells Fargo Bank,
National Association, 
 as Administrative Agent 

1525 W. W.T. Harris Blvd 
 Building 3A2, Mailcode
NC 0680 
 Charlotte, North Carolina 28262 

Attention: Syndication Agency Services 
 Wells
Fargo Bank, National Association, 
 as Swingline Lender 

One Wachovia Center,
[5th] Floor 

301 South College Street 
 Charlotte, North
Carolina 28288-0760 
 Attention:
                     
 Ladies and
Gentlemen: 
 The undersigned, INTERCONTINENTALEXCHANGE, INC., a Delaware corporation (the “Borrower”),
refers to the Credit Agreement, dated as of             , 2010, among the Borrower, certain Lenders from time to time parties thereto, you, as Administrative Agent, Issuing Lender
and Swingline Lender for the Lenders, and Bank of America, N.A., as Syndication Agent (as amended, modified, restated or supplemented from time to time, the “Credit Agreement,” the terms defined therein being used herein as therein
defined), and, pursuant to Section 2.2(d) of the Credit Agreement, hereby gives you, as Administrative Agent and as Swingline Lender, irrevocable notice that the Borrower requests a Borrowing of a Swingline Loan under the Credit
Agreement, and to that end sets forth below the information relating to such Borrowing (the “Proposed Borrowing”) as required by Section 2.2(d) of the Credit Agreement: 

(i) The principal amount of the Proposed Borrowing is
$            
.1 

(ii) The Proposed Borrowing is requested to be made on
                     (the “Borrowing
Date”).2 

 

	1
	 Amount of Proposed Borrowing must comply with Section 2.2(d) of the Credit Agreement. 

	2
	 Shall be a Business Day on or after the date hereof. 

 (iii) The use of the proceeds of the Proposed Borrowing is [to provide
liquidity for the clearing operations of [ICE Clear Europe/ICE Clear US/ICE Trust/ICE Clear Canada][for working capital and general corporate purposes]. 

The Borrower hereby certifies that the following statements are true on and as of the date hereof and will be true on and as of the
Borrowing Date: 
 A. Each of the representations and warranties contained in Article IV of the
Credit Agreement and in the other Credit Documents qualified as to materiality is and will be true and correct and each not so qualified is and will be true and correct in all material respects, in each case on and as of each such date, with the
same effect as if made on and as of each such date, both immediately before and after giving effect to the Proposed Borrowing and to the application of the proceeds therefrom (except to the extent any such representation or warranty is expressly
stated to have been made as of a specific date, in which case each such representation or warranty qualified as to materiality shall be true and correct and each not so qualified shall be true and correct in all material respects, in each case as of
such date); 
 B. No Default or Event of Default has occurred and is continuing or would result from the Proposed
Borrowing or from the application of the proceeds therefrom; and 
 C. After giving effect to the Proposed
Borrowing, the Aggregate Revolving Dollar Credit Exposure will not exceed the aggregate Dollar Commitments. 
  

			
	Very truly yours,
	
	INTERCONTINENTALEXCHANGE, INC.
		
	By:	 	  

	Name:	 	  

	Title:	 	  

 

 2 

 EXHIBIT B-3 

FORM OF NOTICE OF CONVERSION/CONTINUATION 

[Date] 
 Wells Fargo Bank,
National Association, 
 as Administrative Agent 

1525 W. W.T. Harris Blvd 
 Building 3A2, Mailcode
NC 0680 
 Charlotte, North Carolina 28262 

Attention: Syndication Agency Services 
 Ladies
and Gentlemen: 
 The undersigned, INTERCONTINENTALEXCHANGE, INC., a Delaware corporation (the
“Borrower”), refers to the Credit Agreement, dated as of             , 2010, among the Borrower, certain Lenders from time to time parties thereto, you, as
Administrative Agent, Issuing Lender and Swingline Lender for the Lenders, and Bank of America, N.A., as Syndication Agent (as amended, modified, restated or supplemented from time to time, the “Credit Agreement,” the terms defined
therein being used herein as therein defined), and, pursuant to Section 2.11(b) of the Credit Agreement, hereby gives you, as Agent, irrevocable notice that the Borrower requests a [conversion]
[continuation]1
 of Loans under the Credit Agreement, and to that end sets forth below the information relating to such [conversion] [continuation] (the “Proposed [Conversion]
[Continuation]”) as required by Section 2.11(b) of the Credit Agreement: 

(i) The Proposed [Conversion] [Continuation] is requested to be made on
                    
.2
 
 (ii) The Proposed
[Conversion] [Continuation] involves
[$][€][£]                    
3
 in aggregate principal amount of
[Multicurrency][Dollar]4
 Loans made pursuant to a Borrowing on 
  

	1
	Insert “conversion” or “continuation” throughout the notice, as applicable. 

	2
	Shall be a Business Day on or after the date hereof (in the case of any conversion of LIBOR Loans into Base Rate Loans) or at least three Business Days after the date
hereof (in the case of any conversion of Base Rate Loans into, or continuation of, LIBOR Loans), and additionally, in the case of any conversion of LIBOR Loans into Base Rate Loans, or continuation of LIBOR Loans, shall be the last day of the
Interest Period applicable to such LIBOR Loans. 

	3
	Amount of Proposed Conversion or Continuation must comply with Section 2.11(a) of the Credit Agreement. A Borrowing denominated in one Currency may not be
continued as, or converted to, a Borrowing in a different Currency. 

	4
	Select the applicable Class of Loans. Borrowings of a Class may only be continued as or converted into a Borrowing of the same Class. 

 
                    
,5 which Loans are presently maintained as [Base Rate]
[LIBOR] Loans and are proposed hereby to be [converted into Base Rate Loans] [converted into LIBOR Loans] [continued as LIBOR
Loans].6 

(iii) [The initial Interest Period for the Loans being [converted into] [continued as] LIBOR Loans
pursuant to the Proposed [Conversion] [Continuation] shall be [one/two/three/six
months].]7 

The Borrower hereby certifies that the following statement is true both on and as of the date hereof and on and as of the effective date
of the Proposed [Conversion] [Continuation]: no Default or Event of Default has or will have occurred and is continuing or would result from the Proposed [Conversion] [Continuation]. 

 

			
	Very truly yours,
	
	INTERCONTINENTALEXCHANGE, INC.
		
	By:	 	  

	Name:	 	  

	Title:	 	  

 

	5
	 Insert the applicable Borrowing Date for the Loans being converted or continued. A Borrowing of LIBOR Loans denominated in a Foreign Currency may not
be converted to a Borrowing of a different Type. 

	6
	 Complete with the applicable bracketed language. 

	7
	 Include this clause in the case of a Proposed Conversion or Continuation involving a conversion of Base Rate Loans into, or continuation of, LIBOR
Loans, and select the applicable Interest Period. 

  

 2 

 EXHIBIT B-4 

FORM OF LETTER OF CREDIT NOTICE 

[Date] 
 Wells Fargo Bank,
National Association, 
 as Administrative Agent 

1525 W. W.T. Harris Blvd 
 Building 3A2, Mailcode
NC 0680 
 Charlotte, North Carolina 28262 

Attention: Syndication Agency Services 
 Wells
Fargo Bank, National Association, 
 as Issuing Lender 

One Wachovia Center,
[5th] Floor 

301 South College Street 
 Charlotte, North
Carolina 28288-0760 
 Attention:
                     
 Ladies and
Gentlemen: 
 The undersigned, INTERCONTINENTALEXCHANGE, INC., a Delaware corporation (the “Borrower”),
refers to the Credit Agreement, dated as of             , 2010, among the Borrower, certain Lenders from time to time parties thereto, you, as Administrative Agent, Issuing Lender
and Swingline Lender for the Lenders, and Bank of America, N.A., as Syndication Agent (as amended, modified, restated or supplemented from time to time, the “Credit Agreement,” the terms defined therein being used herein as therein
defined), and, pursuant to Section 2.19(b) of the Credit Agreement, hereby gives you irrevocable notice that the Borrower requests the issuance of a Letter of Credit for its account under the Credit Agreement, and to that end sets forth
below the information relating to such Letter of Credit (the “Requested Letter of Credit”) as required by Section 2.19(b) of the Credit Agreement: 

(i) The Business Day on which the Requested Letter of Credit is requested to be issued is
                    
.1 

(ii) The Stated Amount of the Requested Letter of Credit is
$                    . 

(iii) The expiry date of the Requested Letter of Credit is
                    . 

 

	1
	 Shall be at least three Business Days (or such shorter period as is acceptable to the Bank in any given case) after the date hereof.

 (iv) The name and address of the beneficiary of the Requested Letter of
Credit is                     . 

The undersigned agrees to complete all application procedures and documents required by you in connection with the Requested Letter of
Credit. 
 The undersigned hereby certifies that the following statements are true on the date hereof and will be true on the
date of issuance of the Requested Letter of Credit: 
 A. Each of the representations and warranties contained in
Article IV of the Credit Agreement and in the other Credit Documents qualified as to materiality is and will be true and correct and each not so qualified is and will be true and correct in all material respects, in each case on and as
of each such date, with the same effect as if made on and as of each such date, both immediately before and after giving effect to the issuance of the Requested Letter of Credit and to the application of the proceeds therefrom (except to the extent
any such representation or warranty is expressly stated to have been made as of a specific date, in which case each such representation or warranty qualified as to materiality shall be true and correct and each not so qualified shall be true and
correct in all material respects, in each case as of such date); 
 B. No Default or Event of Default has
occurred and is continuing or would result from the issuance of the Requested Letter of Credit; and 
 C. After
giving effect to the issuance of the Requested Letter of Credit, the Aggregate Revolving Dollar Credit Exposure will not exceed the aggregate Dollar Commitments. 

 

			
	Very truly yours,
	
	INTERCONTINENTALEXCHANGE, INC.
		
	By:	 	  

	Name:	 	  

	Title:	 	  

 

 2 

 EXHIBIT C 

FORM OF COMPLIANCE CERTIFICATE 

THIS CERTIFICATE is delivered pursuant to the Credit Agreement, dated as of
            , 2010 (the “Credit Agreement”), among IntercontinentalExchange, Inc., a Delaware corporation (the “Borrower”), the Lenders from time to
time parties thereto, Wells Fargo Bank, National Association, as Administrative Agent, Issuing Lender and Swingline Lender, and Bank of America, N.A., as Syndication Agent. Capitalized terms used herein without definition shall have the meanings
given to such terms in the Credit Agreement. 
 The undersigned hereby certifies that: 

 

	 	1.	He is a duly elected Financial Officer of the Borrower. 

  

	 	2.	 Enclosed with this Certificate are copies of the financial statements of the Borrower and its Subsidiaries as of
                    , and for the [            -month period] [year] then
ended, required to be delivered under Section [5.1(a)][5.1(b)] of the Credit Agreement. Such financial statements have been prepared in accordance with GAAP [(subject to the absence of notes required by GAAP and subject to normal year-end
adjustments)]1 and fairly present in all material respects
the financial condition of the Borrower and its Subsidiaries on a consolidated basis as of the date indicated and the results of operation of the Borrower and its Subsidiaries on a consolidated basis for the period covered thereby.

  

	 	3.	The undersigned has reviewed the terms of the Credit Agreement and has made, or caused to be made under the supervision of the undersigned, a review in reasonable
detail of the transactions and condition of the Borrower and its Subsidiaries during the accounting period covered by such financial statements. 

  

	 	4.	The examination described in paragraph 3 above did not disclose, and the undersigned has no knowledge of the existence of, any Default or Event of Default during or at
the end of the accounting period covered by such financial statements or as of the date of this Certificate. [, except as set forth below. 

Describe here or in a separate attachment any exceptions to paragraph 4 above by listing, in reasonable detail, the nature of the Default or Event of
Default, the period during which it existed and the action that the Borrower has taken or proposes to take with respect thereto.] 
  

	 	5.	Attached to this Certificate as Attachment A is a covenant compliance worksheet reflecting the computation of the financial covenants set forth in
Article VI of the Credit Agreement as of the last day of and for the period covered by the financial statements enclosed herewith. 

 

	1
	 Insert in the case of quarterly financial statements. 

 IN WITNESS WHEREOF, the undersigned has executed and delivered this Certificate as of
the          day of                     ,
        . 
  

			
	INTERCONTINENTALEXCHANGE, INC.
		
	By:	 	  

	Name:	 	  

	Title:	 	  

 

 4 

 ATTACHMENT A 

COVENANT COMPLIANCE WORKSHEET 

A. Total Leverage Ratio (Section 6.1 of the Credit Agreement) 

 

					
	(1)	  	Total Funded Debt as of the date of determination	  	$                    
			
	(2)	  	Consolidated EBITDA for the Reference Period ending on the date of determination (from Line C(5) below)	  	$                    
			
	(3)	  	 Total Leverage Ratio:

Divide Line A(1) by Line A(2)
	  	                     
			
	(4)	  	Maximum Total Leverage Ratio as of the date of determination	  	2.50 to 1.00

  

 i 

 B. Interest Coverage Ratio (Section 6.2 of the Credit Agreement) 

 

					
	(1)	  	Consolidated EBITDA for the Reference Period ending on the date of determination (from Line C(7) below)	  	$                    
			
	(2)	  	Consolidated Interest Expense for such period	  	$                    
			
	(3)	  	Interest Coverage Ratio:Divide Line B(1) by Line B(2)	  	                     
			
	(4)	  	Minimum Interest Coverage Ratio as of the date of determination	  	5.0 to 1.0

 C.
Consolidated EBITDA 
  

							
	(1)	  	 Consolidated Net Income for the Reference Period ending on the date of determination
	  		  	$                    
				
	(2)	  	Additions to Consolidated Net Income (to the extent taken into account in the calculation of Consolidated Net Income for such period):	  		  	
				
		  	 (a)    Interest expense
	  	$                    	  	
				
		  	 (b)    Federal, state, local and other taxes
	  	$                    	  	
				
		  	 (c)    Depreciation and amortization of intangible assets
	  	$                    	  	
				
		  	 (d)    Extraordinary losses or charges for such period (attach itemized schedule)
	  	$                    	  	
				
		  	 (e)    Add Lines C(2)(a) through C(2)(d)
	  	$                    	  	
				
	(3)	  	 Net Income plus Additions:

Add Lines C(1) and C(2)(e)
	  		  	$                    
				
	(4)	  	Reductions from Consolidated Net Income (to the extent taken into account in the calculation of Consolidated Net Income for such period):	  		  	$                    
				
		  	 (a)    Extraordinary gains or income for such period (attach itemized schedule)
	  	$                    	  	

  

 ii 

							
				
		  	 (b)    Noncash credits increasing income for such period
	  	$                    	  	
				
		  	 (c)    Add Lines C(4)(a) through C(4)(b)
	  		  	($                    )
				
	(5)	  	 Consolidated EBITDA:

    Subtract Line C(4)(c) from Line C(3)
	  		  	$                      
				
	(6)	  	Reductions from Consolidated EBITDA	  		  	
				
		  	 (a)    Capital Expenditures for such period
	  	$                    	  	
				
		  	 (b)    Capitalized Software Development Costs for such period
	  	$                    	  	
				
		  	 (c)    Add Lines C(6)(a) and C(6)(b)
	  		  	$                    
				
	(7)	  	 Adjustments to Consolidated EBITDA:

Subtract Line C(6)(c) from Line C(5)
	  		  	$                    

ITEMIZED SCHEDULE OF EXTRAORDINARY LOSSES AND GAINS 
  

 iii 

 EXHIBIT D 

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 [Insert name of Assignor] (the “Assignor”) and [Insert name of Assignee] (the “Assignee”). Capitalized terms used but not defined herein shall have the meanings
given to them in the Credit Agreement identified below, receipt of a copy of which is hereby acknowledged by the Assignee. The Standard Terms and Conditions set forth in Annex 1 attached hereto (the “Standard Terms and
Conditions”) are hereby agreed to and incorporated herein by reference and made a part of this Assignment and Assumption as if set forth herein in full. 

For an agreed consideration, the Assignor hereby irrevocably sells and assigns to the Assignee, and the Assignee hereby irrevocably
purchases and assumes from the Assignor, subject to and in accordance with the Standard Terms and Conditions and the Credit Agreement, as of the Effective Date inserted by the Administrative Agent as contemplated below (i) all of the
Assignor’s rights and obligations in its capacity as a Lender under the Credit Agreement and any other documents or instruments delivered pursuant thereto to the extent related to the amount and percentage interest identified below of all of
such outstanding rights and obligations of the Assignor under the respective facilities identified below (including any guarantees and 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) 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 pursuant to clauses (i) and (ii) above being referred to herein collectively as the
“Assigned Interest”). Such sale and assignment is without recourse to the Assignor and, except as expressly provided in this Assignment and Assumption, without representation or warranty by the Assignor. 

 

							
	1. Assignor:	 	  
	  		  	
				
	 2. Assignee:
	 	  
	  		  	
		 	[and is an Affiliate/Approved Fund of [identify
Lender]1]
		
	 3. Borrower:
	 	INTERCONTINENTALEXCHANGE, INC.

4. Administrative Agent: Wells Fargo Bank, National Association, as the Administrative Agent under the Credit Agreement. 

 

	1
	 Select as applicable. 

 5. Credit Agreement: Credit Agreement, dated as of
            , 2010 (as amended, modified, restated or supplemented from time to time, the “Credit Agreement”), among the Borrower, certain lenders from time to time
parties thereto (the “Lenders”), Wells Fargo Bank, National Association, as Administrative Agent, Issuing Lender and Swingline Lender, and Bank of America, N.A., as Syndication Agent. 

6. Assigned Interest: 
  

												
	 Facility Assigned2
	  	Aggregate Amount
of
Commitment/Loans
for all Lenders3	  	Amount
of
Commitment/Loans
Assigned3	  	Percentage
Assigned
of
Commitment/Loans4
	 	 	CUSIP Number5
		  	$	 	  	$	 	  	  	% 	 	
		  	$	 	  	$	 	  	  	% 	 	
		  	$	 	  	$	 	  	  	% 	 	

 [7. Trade Date:
                    
]6 

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

	2
	 Fill in the appropriate terminology for the types of facilities under the Credit Agreement that are being assigned under this Assignment (e.g.
“Multicurrency Commitment”, “Dollar Commitment” or “Swingline Commitment.”). 

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

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

	5
	 Insert if applicable. 

	6
	 To be completed if the Assignor and the Assignee intend that the minimum assignment amount is to be determined as of the Trade Date.

  

 2 

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

 

			
	ASSIGNOR:
	
	[NAME OF ASSIGNOR]
		
	By:	 	  

	Title:	 	  

	
	ASSIGNEE:
	
	[NAME OF ASSIGNEE]
		
	By:	 	  

	Title:	 	  

[Consented to
and]7 Accepted: 

 

			
	WELLS FARGO BANK, NATIONAL ASSOCIATION
	as Administrative Agent
		
	By:	 	  

	Title:	 	  

	
	[Consented
to:]8
	
	[NAME OF RELEVANT PARTY]
		
	By:	 	  

	Title:	 	  

 

	7
	 To be added only if the consent of the Administrative Agent is required by the terms of the Credit Agreement. 

	8
	 To be added only if the consent of the Borrower and/or other parties (e.g., Swingline Lender, Issuing Lender) is required by the terms of the Credit
Agreement. 

  

 3 

 ANNEX 1 to Assignment and Assumption 

Credit Agreement, dated as of             , 2010, among
IntercontinentalExchange, Inc., as 
 Borrower, certain Lenders from time to time parties thereto, Wells Fargo Bank, National

 Association, as Administrative Agent, Issuing Lender and Swingline Lender, and Bank of 

America, N.A., as Syndication Agent 

STANDARD TERMS AND CONDITIONS FOR 

ASSIGNMENT AND ASSUMPTION 

1. Representations and Warranties. 

1.1 Assignor. The Assignor (a) represents and warrants that (i) it is the legal and beneficial owner of the Assigned
Interest, (ii) the Assigned Interest is free and clear of any lien, encumbrance or other adverse claim and (iii) it has full power and authority, and has taken all action necessary, to execute and deliver this Assignment and Assumption and
to consummate the transactions contemplated hereby; and (b) assumes no responsibility with respect to (i) any statements, warranties or representations made in or in connection with the Credit Agreement or any other Credit Document,
(ii) the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Credit Documents or any collateral thereunder, (iii) the financial condition of the Borrower, any of its Subsidiaries or Affiliates or any
other Person obligated in respect of any Credit Document or (iv) the performance or observance by the Borrower, any of its Subsidiaries or Affiliates or any other Person of any of their respective obligations under any Credit Document.

 1.2. Assignee. The Assignee (a) represents and warrants that (i) it has full power and authority, and has
taken all action necessary, to execute and deliver this Assignment and Assumption and to consummate the transactions contemplated hereby and to become a Lender under the Credit Agreement, (ii) it meets all requirements of an assignee of the
Assigned Interest under the Credit Agreement (subject to receipt of such consents as may be required under the Credit Agreement), (iii) from and after the Effective Date, it shall be bound by the provisions of the Credit Agreement as a Lender
thereunder and, to the extent of the Assigned Interest, shall have the obligations of a Lender thereunder, (iv) it has received a copy of the Credit Agreement, together with copies of the most recent financial statements delivered pursuant to
Section 5.1 thereof, as applicable, and such other documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into this Assignment and Assumption and to purchase the Assigned Interest on
the basis of which it has made such analysis and decision independently and without reliance on the Administrative Agent, Assignor or any other Lender, and (v) if it is a Foreign Lender, attached to the Assignment and Assumption is any
documentation required to be delivered by it pursuant to the terms of the Credit Agreement, duly completed and executed by the Assignee; and (b) agrees that (i) it will, independently and without reliance on the Administrative Agent, the
Assignor or any other Lender, and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under the Credit Documents, and (ii) it will perform in
accordance with their terms all of the obligations that by the terms of the Credit 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 Assigned Interest (including payments of principal, interest, fees and other amounts) to the Assignor for amounts that have accrued to but excluding the Effective Date and to the Assignee for amounts that have accrued
from and after the Effective Date. 
 3. General Provisions. This Assignment and Assumption shall be binding upon, and
inure to the benefit of, the parties hereto and their respective successors and assigns. This Assignment and Assumption may be executed in any number of counterparts, 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 laws of the State of New York (including Sections 5-1401 and 5-1402 of the New York General Obligations Law, but excluding all other choice of law and conflicts of law rules). 

 

 2 

 EXHIBIT E 

FORM OF GUARANTY 

THIS GUARANTY AGREEMENT, dated as of the      day of
            , 2010 (this “Guaranty”), is made by each of the undersigned Subsidiaries of INTERCONTINENTALEXCHANGE, INC., a Delaware corporation (the
“Borrower”), and each other Subsidiary of the Borrower that, after the date hereof, executes an instrument of accession hereto substantially in the form of Exhibit A (a “Guarantor Accession”; the
undersigned and such other Subsidiaries of the Borrower, collectively, the “Guarantors”), in favor of the Guaranteed Parties (as hereinafter defined). Capitalized terms used herein without definition shall have the meanings given to
them in the Credit Agreement referred to below. 
 RECITALS 

A. The Borrower, certain Lenders, Wells Fargo Bank, National Association, as administrative agent for the Lenders (in such capacity, the
“Administrative Agent”), Issuing Lender and Swingline Lender, and Bank of America, N.A., as Syndication Agent, are parties to a Credit Agreement, dated as of
            , 2010 (as amended, modified, restated or supplemented from time to time, the “Credit Agreement”), providing for the availability of certain credit
facilities to the Borrower upon the terms and conditions set forth therein. 
 B. It is a condition to the extension of credit
to the Borrower under the Credit Agreement that each Guarantor shall have agreed, by executing and delivering this Guaranty, to guarantee to the Guaranteed Parties the payment in full of the Guaranteed Obligations (as hereinafter defined). The
Guaranteed Parties are relying on this Guaranty in their decision to extend credit to the Borrower under the Credit Agreement, and would not enter into the Credit Agreement without this Guaranty. 

C. The Borrower and the Guarantors are engaged in related businesses and undertake certain activities and operations on an integrated
basis. As part of such integrated operations, the Borrower, among other things, will advance to the Guarantors from time to time certain proceeds of the Loans made to the Borrower by the Lenders under the Credit Agreement. Each Guarantor will
therefore obtain benefits as a result of the extension of credit to the Borrower under the Credit Agreement, which benefits are hereby acknowledged, and, accordingly, desires to execute and deliver this Guaranty. 

 

 Signature Page to Guaranty Agreement 

 STATEMENT OF AGREEMENT 

NOW, THEREFORE, in consideration of the foregoing and other good and valuable consideration, the receipt and sufficiency of which
are hereby acknowledged, to induce the Guaranteed Parties to enter into the Credit Agreement and to induce the Lenders to extend credit to the Borrower thereunder, each Guarantor hereby agrees as follows: 

1.1 Guaranty. 

(i) Each Guarantor hereby irrevocably, absolutely and unconditionally, and jointly and severally: 

(A) guarantees (A) to the Lenders (including the Issuing Lender and the Swingline Lender in its capacity as such) and
the Administrative Agent (together with any Lender (or any Affiliate of any Lender) in the capacity described in clause (B) below, collectively, the “Guaranteed Parties”) the full and prompt payment, at any time and from time
to time as and when due (whether at the stated maturity, by acceleration or otherwise), of all Obligations of the Borrower under the Credit Agreement and the other Credit Documents, including, without limitation, all principal of and interest on the
Loans, all fees, expenses, indemnities and other amounts payable by the Borrower under the Credit Agreement or any other Credit Document (including interest accruing after the filing of a petition or commencement of a case by or with respect to the
Borrower seeking relief under any Insolvency Laws (as hereinafter defined), whether or not the claim for such interest is allowed in such proceeding), and all Obligations that, but for the operation of the automatic stay under Section 362(a) of
the Bankruptcy Code, would become due, and (B) to each applicable Lender or Affiliate of any Lender in its capacity as a Hedge Party under any Hedge Agreement that is required or permitted by the Credit Agreement to be entered into by the
Borrower or any of its Subsidiaries (a “Permitted Hedge Agreement”), all obligations of the Borrower under such Permitted Hedge Agreement, in each case under (A) and (B), whether now existing or hereafter created or arising and
whether direct or indirect, absolute or contingent, due or to become due (all liabilities and obligations described in this clause (i), collectively, the “Guaranteed Obligations”); and 

(B) agrees to pay the reasonable fees and expenses of counsel to, and reimburse upon demand all reasonable costs and
expenses incurred or paid by, (y) any Guaranteed Party in connection with any suit, action or proceeding to enforce or protect any rights of the Guaranteed Parties hereunder and (z) the Administrative Agent in connection with any
amendment, modification or waiver hereof or consent pursuant hereto, and to indemnify and hold each Guaranteed Party and its directors, officers, employees, agents and Affiliates harmless from and against any and all claims, losses, damages,
obligations, liabilities, penalties, costs and expenses (including, without limitation, reasonable attorneys’ fees and expenses) of any kind or nature whatsoever, whether direct, indirect or consequential, that may at any time be imposed on,
incurred by or asserted against any such indemnified party as a result of, arising from or in any way relating to this Guaranty or the collection or enforcement of the Guaranteed Obligations; provided, however, that no indemnified
party shall have the right to be indemnified hereunder for any such claims, losses, costs and expenses to the extent determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from the gross negligence or
willful misconduct of such indemnified party. 
  

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 (ii) Notwithstanding the provisions of subsection (a) above and notwithstanding any
other provisions contained herein or in any other Credit Document: 
 (A) no provision of this Guaranty shall
require or permit the collection from any Guarantor of interest in excess of the maximum rate or amount that such Guarantor may be required or permitted to pay pursuant to applicable law; 

(B) the liability of each Guarantor under this Guaranty as of any date shall be limited to a maximum aggregate amount (the
“Maximum Guaranteed Amount”) equal to the greatest amount that would not render such Guarantor’s obligations under this Guaranty subject to avoidance, discharge or reduction as of such date as a fraudulent transfer or
conveyance under applicable federal and state laws pertaining to bankruptcy, reorganization, arrangement, moratorium, readjustment of debts, dissolution, liquidation or other debtor relief, specifically including, without limitation, the Bankruptcy
Code and any fraudulent transfer and fraudulent conveyance laws (collectively, “Insolvency Laws”), in each instance after giving effect to all other liabilities of such Guarantor, contingent or otherwise, that are relevant under
applicable Insolvency Laws (specifically excluding, however, any liabilities of such Guarantor in respect of intercompany indebtedness to the Borrower or any of its Affiliates to the extent that such indebtedness would be discharged in an amount
equal to the amount paid by such Guarantor hereunder, and after giving effect as assets to the value (as determined under applicable Insolvency Laws) of any rights to subrogation, contribution, reimbursement, indemnity or similar rights of such
Guarantor pursuant to (y) applicable law or (z) any agreement (including this Guaranty) providing for an equitable allocation among such Guarantor and other Affiliates of the Borrower of obligations arising under guaranties by such
parties); and 
 (C) solely with respect to the guaranty hereunder of each clearing house operated by the
Borrower in any action or proceeding to enforce this Guaranty against such clearing house, no recourse may be had to any assets of any kind held by or owing to such clearing house as (A) original margin securing positions in futures, options or
other products cleared by such clearing house carried for its members or their customers, (B) amounts paid or payable to such clearing house as variation margin option premiums or the purchase price of any commodities with respect to any such
positions, (C) amounts on deposit in a bank settlement account, received as variation margin, and any securities or other assets in which such amounts may be invested pursuant to repurchase agreements or otherwise, or (D) deposits in the
Guaranty Fund of such clearing house, and no resort may be had to invoke the power of such clearing house to impose assessments on its clearing members pursuant to its bylaws and the rules adopted by the board of directors of such clearing house or
otherwise. 
 (iii) The Guarantors desire to allocate among themselves, in a fair and equitable manner, their obligations
arising under this Guaranty. Accordingly, in the event any payment or distribution is made hereunder on any date by a Guarantor (a “Funding Guarantor”) that exceeds its Fair Share (as hereinafter defined) as of such date, that
Funding Guarantor shall be entitled to a contribution from each of the other Guarantors in the amount of such other Guarantor’s Fair Share Shortfall (as hereinafter defined) as of such date, with the result that all such contributions

  

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will cause each Guarantor’s Aggregate Payments (as hereinafter defined) to equal its Fair Share as of such date. “Fair Share” means, with respect to a Guarantor as of any
date of determination, an amount equal to (i) the ratio of (x) the Adjusted Maximum Guaranteed Amount (as hereinafter defined) with respect to such Guarantor to (y) the aggregate of the Adjusted Maximum Guaranteed Amounts with respect
to all Guarantors, multiplied by (ii) the aggregate amount paid or distributed on or before such date by all Funding Guarantors hereunder in respect of the obligations guarantied. “Fair Share Shortfall” means, with respect to a
Guarantor as of any date of determination, the excess, if any, of the Fair Share of such Guarantor over the Aggregate Payments of such Guarantor. “Adjusted Maximum Guaranteed Amount” means, with respect to a Guarantor as of any date
of determination, the Maximum Guaranteed Amount of such Guarantor, determined in accordance with the provisions of subsection (ii) above; provided that, solely for purposes of calculating the “Adjusted Maximum Guaranteed
Amount” with respect to any Guarantor for purposes of this subsection (iii), any assets or liabilities arising by virtue of any rights to subrogation, reimbursement or indemnity or any rights to or obligations of contribution hereunder
shall not be considered as assets or liabilities of such Guarantor. “Aggregate Payments” means, with respect to a Guarantor as of any date of determination, the aggregate amount of all payments and distributions made on or before
such date by such Guarantor in respect of this Guaranty (including, without limitation, in respect of this subsection (iii)). The amounts payable as contributions hereunder shall be determined as of the date on which the related payment or
distribution is made by the applicable Funding Guarantor. Each Funding Guarantor’s right of contribution under this subsection (iii) shall be subject to the provisions of Section 1.4. The allocation among Guarantors of their
obligations as set forth in this subsection (iii) shall not be construed in any way to limit the liability of any Guarantor hereunder to the Guaranteed Parties. 

(iv) The guaranty of each Guarantor set forth in this Section is a guaranty of payment as a primary obligor, and not a guaranty of
collection. Each Guarantor hereby acknowledges and agrees that the Guaranteed Obligations, at any time and from time to time, may exceed the Maximum Guaranteed Amount of such Guarantor and may exceed the aggregate of the Maximum Guaranteed Amounts
of all Guarantors, in each case without discharging, limiting or otherwise affecting the obligations of any Guarantor hereunder or the rights, powers and remedies of any Guaranteed Party hereunder or under any other Credit Document. 

1.2 Guaranty Absolute. Each Guarantor agrees that its obligations hereunder and under the other Credit Documents to which it is a
party are irrevocable, absolute and unconditional, are independent of the Guaranteed Obligations and any security therefore or other guaranty or liability in respect thereof, whether given by such Guarantor or any other Person, and shall not be
discharged, limited or otherwise affected by reason of any of the following, whether or not such Guarantor has notice or knowledge thereof: 

(A) any change in the time, manner or place of payment of, or in any other term of, any Guaranteed Obligations or any
guaranty, security or other liability in respect thereof, or any amendment, modification or supplement to, restatement of, or consent to any rescission or waiver of or departure from, any provisions of the Credit Agreement, any other Credit Document
or any agreement or instrument delivered pursuant to any of the foregoing; 
  

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 (B) the invalidity or unenforceability of any Guaranteed Obligations, any
guaranty, security or other liability in respect thereof or any provisions of the Credit Agreement, any other Credit Document or any agreement or instrument delivered pursuant to any of the foregoing; 

(C) the addition or release of Guarantors hereunder or the taking, acceptance or release of other guarantees of any
Guaranteed Obligations or for any guaranty, security or other liability in respect thereof; 
 (D) any discharge,
modification, settlement, compromise or other action in respect of any Guaranteed Obligations or any guaranty, security or other liability in respect thereof, including any acceptance or refusal of any offer or performance with respect to the same
or the subordination of the same to the payment of any other obligations; 
 (E) any agreement not to pursue or
enforce or any failure to pursue or enforce (whether voluntarily or involuntarily as a result of operation of law, court order or otherwise) any right or remedy in respect of any Guaranteed Obligations, any guaranty, security or other liability in
respect thereof; 
 (F) the exercise of any right or remedy available under the Credit Documents, at law, in
equity or otherwise in respect of any guaranty, security or other liability for any Guaranteed Obligations, in any order and by any manner thereby permitted; 

(G) any bankruptcy, reorganization, arrangement, liquidation, insolvency, dissolution, termination, reorganization or like
change in the corporate structure or existence of the Borrower or any other Person directly or indirectly liable for any Guaranteed Obligations; 

(H) any manner of application of any payments by or amounts received or collected from any Person, by whomsoever paid and
howsoever realized, whether in reduction of any Guaranteed Obligations or any other obligations of the Borrower or any other Person directly or indirectly liable for any Guaranteed Obligations, regardless of what Guaranteed Obligations may remain
unpaid after any such application; or 
 (I) any other circumstance that might otherwise constitute a legal or
equitable discharge of, or a defense, set-off or counterclaim available to, the Borrower, any Guarantor or a surety or guarantor generally, other than the occurrence of all of the following: (x) the payment in full in cash of the Guaranteed
Obligations (other than contingent and indemnification obligations not then due and payable), (y) the termination of the Commitments and the termination or expiration of all Letters of Credit under the Credit Agreement, and (z) the
termination of, and settlement of all obligations of the Borrower or any of its Subsidiaries under, each Permitted Hedge Agreement to which any Hedge Party is a party (the events in clauses (x), (y) and (z) above, collectively, the
“Termination Requirements”). 
  

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 1.3 Certain Waivers. Each Guarantor hereby knowingly, voluntarily and expressly
waives: 
 (A) presentment, demand for payment, demand for performance, protest and notice of any other kind,
including, without limitation, notice of nonpayment or other nonperformance (including notice of default under any Credit Document with respect to any Guaranteed Obligations), protest, dishonor, acceptance hereof, extension of additional credit to
the Borrower and of any of the matters referred to in Section 1.2 and of any rights to consent thereto; 

(B) any right to require the Guaranteed Parties or any of them, as a condition of payment or performance by such Guarantor
hereunder, to proceed against, or to exhaust or have resort to any collateral or other security from or any deposit balance or other credit in favor of, the Borrower, any other Guarantor or any other Person directly or indirectly liable for any
Guaranteed Obligations, or to pursue any other remedy or enforce any other right; and any other defense based on an election of remedies with respect to any collateral or other security for any Guaranteed Obligations or for any guaranty or other
liability in respect thereof, notwithstanding that any such election (including any failure to pursue or enforce any rights or remedies) may impair or extinguish any right of indemnification, contribution, reimbursement or subrogation or other right
or remedy of any Guarantor against the Borrower, any other Guarantor or any other Person directly or indirectly liable for any Guaranteed Obligations or any such collateral or other security; 

(C) any right or defense based on or arising by reason of any right or defense of the Borrower or any other Person,
including, without limitation, any defense based on or arising from a lack of authority or other disability of the Borrower or any other Person, the invalidity or unenforceability of any Guaranteed Obligations or any Credit Document or other
agreement or instrument delivered pursuant thereto, or the cessation of the liability of the Borrower for any reason other than the satisfaction of the Termination Requirements; 

(D) any defense based on any Guaranteed Party’s acts or omissions in the administration of the Guaranteed
Obligations, any guaranty, security or other liability in respect thereof or any collateral or other security for any of the foregoing, and promptness, diligence, or any requirement that any Guaranteed Party create, protect, perfect, secure, insure,
continue or maintain any Liens in any such security; 
 (E) any right to assert against any Guaranteed Party, as
a defense, counterclaim, crossclaim or set-off, any defense, counterclaim, claim, right of recoupment or set-off that it may at any time have against any Guaranteed Party (including, without limitation, failure of consideration, fraud, fraudulent
inducement, statute of limitations, payment, accord and satisfaction and usury), other than compulsory counterclaims and other than the payment in full in cash of the Guaranteed Obligations; and 

 

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 (F) any defense based on or afforded by any applicable law that limits the
liability of or exonerates guarantors or sureties or that may in any other way conflict with the terms of this Guaranty. 
 1.4
No Subrogation. Each Guarantor hereby agrees that, until satisfaction of the Termination Requirements, it will not exercise or seek to exercise any claim or right that it may have against the Borrower or any other Guarantor at any time as a
result of any payment made under or in connection with this Guaranty or the performance or enforcement hereof, including any right of subrogation to the rights of any of the Guaranteed Parties against the Borrower or any other Guarantor, any right
of indemnity, contribution or reimbursement against the Borrower or any other Guarantor (including rights of contribution as set forth in Section 1.1(iii)), any right to enforce any remedies of any Guaranteed Party against the Borrower
or any other Guarantor, or any benefit of, or any right to participate in, any security held by any Guaranteed Party to secure payment of the Guaranteed Obligations, in each case whether such claims or rights arise by contract, statute (including
without limitation the Bankruptcy Code), common law or otherwise. Each Guarantor further agrees that all indebtedness and other obligations, whether now or hereafter existing, of the Borrower or any other Subsidiary of the Borrower to such
Guarantor, including, without limitation, any such indebtedness in any proceeding under the Bankruptcy Code and any intercompany receivables, together with any interest thereon, shall be, and hereby are, subordinated and made junior in right of
payment to the Guaranteed Obligations. Each Guarantor further agrees that if any amount shall be paid to or any distribution received by any Guarantor (i) on account of any such indebtedness at any time after the occurrence and during the
continuance of an Event of Default, or (ii) on account of any such rights of subrogation, indemnity, contribution or reimbursement at any time prior to the satisfaction of the Termination Requirements, such amount or distribution shall be
deemed to have been received and to be held in trust for the benefit of the Guaranteed Parties, and shall forthwith be delivered to the Administrative Agent in the form received (with any necessary endorsements in the case of written instruments),
to be applied against the Guaranteed Obligations, whether or not matured, in accordance with the terms of the applicable Credit Documents and without in any way discharging, limiting or otherwise affecting the liability of such Guarantor under any
other provision of this Guaranty. Additionally, in the event the Borrower or any other Credit Party becomes a “debtor” within the meaning of the Bankruptcy Code, the Administrative Agent shall be entitled, at its option, on behalf of the
Guaranteed Parties and as attorney-in-fact for each Guarantor, and is hereby authorized and appointed by each Guarantor, to file proofs of claim on behalf of each relevant Guarantor and vote the rights of each such Guarantor in any plan of
reorganization, and to demand, sue for, collect and receive every payment and distribution on any indebtedness of the Borrower or such Credit Party to any Guarantor in any such proceeding, each Guarantor hereby assigning to the Administrative Agent
all of its rights in respect of any such claim, including the right to receive payments and distributions in respect thereof. 

1.5 Representations and Warranties. Each Guarantor hereby represents and warrants to the Guaranteed Parties that, as to itself,
all of the representations and warranties relating to it contained in the Credit Agreement qualified as to materiality are true and correct and those not so qualified are true and correct in all material respects. 

1.6 Financial Condition of Borrower. Each Guarantor represents that it has knowledge of the Borrower’s financial condition
and affairs and that it has adequate means to 
  

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obtain from the Borrower on an ongoing basis information relating thereto and to the Borrower’s ability to pay and perform the Guaranteed Obligations, and agrees to assume the responsibility
for keeping, and to keep, so informed for so long as this Guaranty is in effect with respect to such Guarantor. Each Guarantor agrees that the Guaranteed Parties shall have no obligation to investigate the financial condition or affairs of the
Borrower for the benefit of any Guarantor nor to advise any Guarantor of any fact respecting, or any change in, the financial condition or affairs of the Borrower that might become known to any Guaranteed Party at any time, whether or not such
Guaranteed Party knows or believes or has reason to know or believe that any such fact or change is unknown to any Guarantor, or might (or does) materially increase the risk of any Guarantor as guarantor, or might (or would) affect the willingness
of any Guarantor to continue as a guarantor of the Guaranteed Obligations. 
 1.7 Payments; Application; Set-Off.

 (i) Each Guarantor agrees that, upon the failure of the Borrower to pay any Guaranteed Obligations when and as the same shall
become due (whether at the stated maturity, by acceleration or otherwise), and without limitation of any other right or remedy that any Guaranteed Party may have at law, in equity or otherwise against such Guarantor, such Guarantor will, subject to
the provisions of Section 1.1(ii), forthwith pay or cause to be paid to the Administrative Agent, for the benefit of the Guaranteed Parties, an amount equal to the amount of the Guaranteed Obligations then due and owing as aforesaid.

 (ii) All payments made by each Guarantor hereunder will be made in Dollars to the Administrative Agent, without set-off,
counterclaim or other defense and, in accordance with the Credit Agreement, free and clear of and without deduction for any Taxes, each Guarantor hereby agreeing to comply with and be bound by the provisions of the Credit Agreement in respect of all
payments made by it hereunder. 
 (iii) All payments made hereunder shall be applied in accordance with the provisions of
Section 2.12 of the Credit Agreement. For purposes of applying amounts in accordance with this Section, the Administrative Agent shall be entitled to rely upon any Guaranteed Party that has entered into a Permitted Hedge Agreement with
the Borrower or any of its Subsidiaries for a determination (which such Guaranteed Party agrees to provide or cause to be provided upon request of the Administrative Agent) of the outstanding Guaranteed Obligations owed to such Guaranteed Party
under any such Permitted Hedge Agreement. Unless it has actual knowledge (including by way of written notice from any such Guaranteed Party) to the contrary, the Administrative Agent, in acting hereunder, shall be entitled to assume that no
Permitted Hedge Agreements or Guaranteed Obligations in respect thereof are in existence between any Guaranteed Party and the Borrower or any of its Subsidiaries. If any Lender or Affiliate thereof that is a party to a Permitted Hedge Agreement with
the Borrower or any of its Subsidiaries (the obligations of the Borrower under which are Guaranteed Obligations) ceases to be a Lender or Affiliate thereof, such former Lender or Affiliate thereof shall nevertheless continue to be a Guaranteed Party
hereunder with respect to the Guaranteed Obligations under such Permitted Hedge Agreement. 
 (iv) Upon and at any time after
the occurrence and during the continuance of any Event of Default, each Guaranteed Party and each of their respective Affiliates is hereby 

 

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authorized at any time and from time to time, to the fullest extent permitted by applicable law, to set off and apply any and all deposits (general or special, time or demand, provisional or
final, in whatever currency) at any time held and other obligations (in whatever currency) at any time owing by such Guaranteed Party or any such Affiliate to or for the credit or the account of any Guarantor against any and all of the obligations
of such Guarantor now or hereafter existing under this Guaranty or any other Credit Document to such Guaranteed Party, irrespective of whether or not such Guaranteed Party shall have made any demand under this Guaranty or any other Credit Document
and although such obligations of such Guarantor may be contingent or unmatured or are owed to a branch or office of such Guaranteed Party different from the branch or office holding such deposit or obligated on such indebtedness. The rights of each
Guaranteed Party and their respective Affiliates under this subsection are in addition to other rights and remedies (including other rights of setoff) that such Guaranteed Parties or their respective Affiliates may have. Each Guaranteed Party agrees
to notify the Borrower and the Administrative Agent promptly after any such setoff and application; provided that the failure to give such notice shall not affect the validity of such setoff and application. 

1.8 No Waiver. The rights and remedies of the Guaranteed Parties expressly set forth in this Guaranty and the other Credit
Documents are cumulative and in addition to, and not exclusive of, all other rights and remedies available at law, in equity or otherwise. No failure or delay on the part of any Guaranteed Party in exercising any right, power or privilege shall
operate as a waiver thereof, nor shall any single or partial exercise of any such right, power or privilege preclude any other or further exercise thereof or the exercise of any other right, power or privilege or be construed to be a waiver of any
Default or Event of Default. No course of dealing between any of the Guarantors and the Guaranteed Parties or any Related Party thereof shall be effective to amend, modify or discharge any provision of this Guaranty or any other Credit Document or
to constitute a waiver of any Default or Event of Default. No notice to or demand upon any Guarantor in any case shall entitle such Guarantor or any other Guarantor to any other or further notice or demand in similar or other circumstances or
constitute a waiver of the right of any Guaranteed Party to exercise any right or remedy or take any other or further action in any circumstances without notice or demand. 

1.9 Enforcement. The Guaranteed Parties agree that, except as provided in Section 1.7(iv), this Guaranty may be
enforced only by the Administrative Agent, acting upon the instructions or with the consent of the Required Lenders as provided for in the Credit Agreement, and that no Guaranteed Party shall have any right individually to enforce or seek to enforce
this Guaranty or to secure the payment and performance of the Guarantors’ obligations hereunder. The obligations of each Guarantor hereunder are independent of the Guaranteed Obligations, and a separate action or actions may be brought against
each Guarantor whether or not action is brought against the Borrower or any other Guarantor and whether or not the Borrower or any other Guarantor is joined in any such action. Each Guarantor agrees that to the extent all or part of any payment of
the Guaranteed Obligations made by any Person is subsequently invalidated, declared to be fraudulent or preferential, set aside or required to be repaid by or on behalf of any Guaranteed Party to a trustee, receiver or any other party under any
Insolvency Laws (the amount of any such payment, a “Reclaimed Amount”), then, to the extent of such Reclaimed Amount, this Guaranty shall continue in full force and effect or be revived and reinstated, as the case may be, as to the
Guaranteed Obligations intended to be satisfied as if such payment had not been received; and each Guarantor acknowledges that the term “Guaranteed Obligations” includes all Reclaimed Amounts that may arise from time to time. 

 

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 1.10 Amendments, Waivers, etc. No amendment, modification, waiver, discharge or
termination of, or consent to any departure by any Guarantor from, any provision of this Guaranty, shall be effective unless in a writing signed by the Administrative Agent and such of the Lenders as may be required under the provisions of the
Credit Agreement to concur in the action then being taken, and then the same shall be effective only in the specific instance and for the specific purpose for which given. 

1.11 Addition, Release of Guarantors. Each Guarantor recognizes that the provisions of the Credit Agreement require Persons that
become Subsidiaries of the Borrower and that are not already parties hereto to become Guarantors hereunder (excluding any Foreign Subsidiary to the extent (and for as long as) doing so would cause adverse tax or regulatory consequences to the
Borrower) by executing a Guarantor Accession, and agrees that its obligations hereunder shall not be discharged, limited or otherwise affected by reason of the same, or by reason of the Administrative Agent’s actions in effecting the same or in
releasing any Guarantor hereunder, in each case without the necessity of giving notice to or obtaining the consent of any other Guarantor. 

1.12 Continuing Guaranty; Term; Successors and Assigns; Assignment; Survival. This Guaranty is a continuing guaranty and covers
all of the Guaranteed Obligations as the same may arise and be outstanding at any time and from time to time from and after the date hereof, and shall (i) remain in full force and effect until satisfaction of all of the Termination Requirements
(provided that the indemnification provisions of clause (ii) of Section 1(a) shall survive any termination of this Guaranty), (ii) be binding upon and enforceable against each Guarantor and its successors and assigns (provided,
however, that no Guarantor may sell, assign or transfer any of its rights, interests, duties or obligations hereunder without the prior written consent of the Lenders) and (iii) inure to the benefit of and be enforceable by each Guaranteed
Party and its successors and permitted assigns. Without limiting the generality of clause (iii) above, any Guaranteed Party may, in accordance with the provisions of the Credit Agreement, assign all or a portion of the Guaranteed Obligations
held by it (including by the sale of participations), whereupon each Person that becomes the holder of any such Guaranteed Obligations shall (except as may be otherwise agreed between such Guaranteed Party and such Person) have and may exercise all
of the rights and benefits in respect thereof granted to such Guaranteed Party under this Guaranty or otherwise. Each Guarantor hereby irrevocably waives notice of and consents in advance to the assignment as provided above from time to time by any
Guaranteed Party of all or any portion of the Guaranteed Obligations held by it and of the corresponding rights and interests of such Guaranteed Party hereunder in connection therewith. All representations, warranties, covenants and agreements
herein shall survive the execution and delivery of this Guaranty and any Guarantor Accession. 
 1.13 Governing Law; Consent
to Jurisdiction; Appointment of Borrower as Representative, Process Agent, Attorney-in-Fact. 
  

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 (i) This Guaranty shall be governed by, and construed and enforced in accordance with, the
laws of the State of New York (including Sections 5-1401 and 5-1402 of the New York General Obligations Law, but excluding all other choice of law and conflicts of law rules). 

(ii) Each Guarantor irrevocably and unconditionally submits, for itself and its property, to the nonexclusive jurisdiction of courts of
the state of New York and of the United States District Court of the Southern District of New York, and any appellate court thereof, in any action or proceeding arising out of or relating to this Guaranty or any other Credit Document, or for
recognition or enforcement of any judgment, and each of the parties hereto irrevocably and unconditionally agrees that all claims in respect of any such action or proceeding may be heard and determined in such 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 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 Guaranty or in any other Credit Document shall affect any right that any Guaranteed Party may otherwise have to bring any action or proceeding relating to this Guaranty or any other Credit Document against any
Guarantor or its properties in the courts of any jurisdiction. 
 (iii) 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 Guaranty or any other Credit Document in any court referred to
in Section 13(b). 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.

 (iv) Each Guarantor hereby irrevocably designates and appoints the Borrower as its designee, appointee and agent to receive
on its behalf all service of process in any such action or proceeding and any other notice or communication hereunder, irrevocably consents to service of process in any such action or proceeding in the manner provided for notices in
Section 15, and irrevocably agrees that service so made shall be effective and binding upon such Guarantor in every respect and that any other notice or communication given to the Borrower at the address and in the manner specified
herein shall be effective notice to such Guarantor. Nothing in this Section shall affect the right of any party to serve legal process in any other manner permitted by law or affect the right of any Guaranteed Party to bring any action or proceeding
against any Guarantor in the courts of any other jurisdiction. 
 (v) Further, each Guarantor does hereby irrevocably make,
constitute and appoint the Borrower as its true and lawful attorney-in-fact, with full authority in its place and stead and in its name, the Borrower’s name or otherwise, and with full power of substitution in the premises, from time to time in
the Borrower’s discretion to agree on behalf of, and sign the name of, such Guarantor to any amendment, modification or supplement to, restatement of, or waiver or consent in connection with, this Guaranty, any other Credit Document or any
document or instrument pursuant hereto or thereto, and to take any other action and do all other things on behalf of such Guarantor that the Borrower may deem necessary or advisable to carry out and accomplish the purposes of this Guaranty and the
other Credit Documents. The Borrower will not be liable for any act or omission nor for any error of judgment or mistake of fact unless the same shall occur as a result of the gross negligence or willful misconduct of the Borrower. This

  

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power, being coupled with an interest, is irrevocable by any Guarantor for so long as this Guaranty shall be in effect with respect to such Guarantor. By its signature hereto, the Borrower
consents to its appointment as provided for herein and agrees promptly to distribute all process, notices and other communications to each Guarantor. 

1.14 Waiver of Jury Trial. EACH PARTY HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY
RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS GUARANTY OR ANY OTHER CREDIT DOCUMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY
OTHER THEORY). EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PERSON HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PERSON 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 GUARANTY AND THE OTHER CREDIT DOCUMENTS BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION. 

1.15 Notices. All notices and other communications provided for herein shall be in writing and shall be delivered by hand or
overnight courier service, mailed by certified or registered mail or sent by telecopier as follows: (a) if to any Guarantor, in care of the Borrower and at the Borrower’s address for notices set forth in the Credit Agreement, and
(b) if to any Guaranteed Party, at its address for notices set forth in the Credit Agreement; in each case, as such addresses may be changed from time to time pursuant to the Credit Agreement, and with copies to such other Persons as may be
specified under the provisions of the Credit Agreement. Notices sent by hand or overnight courier service, or mailed by certified or registered mail, shall be deemed to have been given when received; notices sent by telecopier shall be deemed to
have been given when sent (except that, if not given during normal business hours for the recipient, shall be deemed to have been given at the opening of business on the next business day for the recipient). Notices delivered through electronic
communications to the extent provided in the Credit Agreement shall be effective as provided therein. 
 1.16
Severability. To the extent any provision of this Guaranty is prohibited by or invalid under the applicable law of any jurisdiction, such provision shall be ineffective only to the extent of such prohibition or invalidity and only in such
jurisdiction, without prohibiting or invalidating such provision in any other jurisdiction or the remaining provisions of this Guaranty in any jurisdiction. 

1.17 Construction. The headings of the various sections and subsections of this Guaranty have been inserted for convenience only
and shall not in any way affect the meaning or construction of any of the provisions hereof. Unless the context otherwise requires, words in the singular include the plural and words in the plural include the singular. 

1.18 Counterparts; Effectiveness. This Guaranty may be executed in any number of counterparts and by different parties hereto on
separate counterparts, each of which when so 
  

 Signature Page to Guaranty Agreement 

 
executed and delivered shall be an original, but all of which shall together constitute one and the same instrument. This Guaranty shall become effective, as to any Guarantor, upon the execution
and delivery by such Guarantor of a counterpart hereof or a Guarantor Accession. 
 IN WITNESS WHEREOF, the parties have caused this
Guaranty to be executed under seal by their duly authorized officers as of the date first above written. 
  

			
	INTERCONTINENTALEXCHANGE, INC.
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	[NAME OF GUARANTOR]
	[NAME OF GUARANTOR]
	[REPEAT]
		
	By:	 	  

	Title:	 	

  

			
	Accepted and agreed to:
	
	WELLS FARGO BANK, NATIONAL ASSOCIATION,
	as Administrative Agent
		
	By:	 	  

	Name:	 	  

	Title:	 	  

  

 Signature Page to Guaranty Agreement 

 EXHIBIT A 

GUARANTOR ACCESSION 

THIS GUARANTOR ACCESSION (this “Accession”), dated as of
                    ,         , is executed and delivered by [NAME OF NEW GUARANTOR], a
                         corporation (the “New Guarantor”), pursuant to the Guaranty Agreement referred
to hereinbelow. 
 Reference is made to the Credit Agreement, dated as of
                    , 2010, among INTERCONTINENTALEXCHANGE, INC., a Delaware corporation (the “Borrower”), the Lenders
party thereto, the Administrative Agent, the Issuing Lender, Swingline Lender, and the Syndication Agent (as amended, modified, restated or supplemented from time to time, the “Credit Agreement”). In connection with and as a
condition to the initial and continued extensions of credit under the Credit Agreement, the Borrower and certain of its Subsidiaries have executed and delivered a Guaranty Agreement, dated as of
                    , 2010 (as amended, modified, restated or supplemented from time to time, the “Guaranty Agreement”),
pursuant to which such Subsidiaries have guaranteed the payment in full of the obligations of the Borrower under the Credit Agreement and the other Credit Documents (as defined in the Credit Agreement). Capitalized terms used herein without
definition shall have the meanings given to them in the Guaranty Agreement. 
 The Borrower has agreed under the Credit
Agreement to cause each of its future Subsidiaries (excluding any Foreign Subsidiary to the extent (and for as long as) doing so would cause adverse tax or regulatory consequences to the Borrower) to become a party to the Guaranty Agreement as a
guarantor thereunder. The New Guarantor is a Subsidiary of the Borrower. The New Guarantor will obtain benefits as a result of the continued extension of credit to the Borrower under the Credit Agreement, which benefits are hereby acknowledged, and,
accordingly, desire to execute and deliver this Accession. Therefore, in consideration of the foregoing and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, and to induce the Lenders to continue to
extend credit to the Borrower under the Credit Agreement, the New Guarantor hereby agrees as follows: 
 1. The New Guarantor
hereby joins in and agrees to be bound by each and all of the provisions of the Guaranty Agreement as a Guarantor thereunder. In furtherance (and without limitation) of the foregoing, pursuant to Section 1.1 of the Guaranty Agreement, the New
Guarantor hereby irrevocably, absolutely and unconditionally, and jointly and severally with each other Guarantor, guarantees to the Guaranteed Parties the full and prompt payment, at any time and from time to time as and when due (whether at the
stated maturity, by acceleration or otherwise), of all of the Guaranteed Obligations, and agrees to pay or reimburse upon demand all other obligations of the Guarantors under the Guaranty Agreement, all on the terms and subject to the conditions set
forth in the Guaranty Agreement. 
 2. The New Guarantor hereby represents and warrants that after giving effect to this
Accession, each representation and warranty related to it contained in the Credit Agreement qualified as to materiality is true and correct and each not so qualified is true and correct in all material respects, in each case with respect to the New
Guarantor as of the date hereof. 

 3. This Accession shall be a Credit Document (within the meaning of such term under the
Credit Agreement), shall be binding upon and enforceable against the New Guarantor and its successors and assigns, and shall inure to the benefit of and be enforceable by each Guaranteed Party and its successors and permitted assigns. This Accession
and its attachments are hereby incorporated into the Guaranty Agreement and made a part thereof. 
 IN WITNESS WHEREOF,
the New Guarantor has caused this Accession to be executed under seal by its duly authorized officer as of the date first above written. 
  

			
	[NAME OF NEW GUARANTOR]
		
	By:	 	  

		
	Title:	 	  

 

 Signature Page to Guaranty Agreement 

 EXHIBIT F 

FORM OF FINANCIAL CONDITION CERTIFICATE 

THIS FINANCIAL CONDITION CERTIFICATE (this “Certificate”) is delivered pursuant to the Credit Agreement, dated as of
                    , 2010 (the “Credit Agreement”), among INTERCONTINENTALEXCHANGE, INC., a Delaware corporation (the
“Borrower”), the Lenders from time to time parties thereto, Wells Fargo Bank, National Association, as Administrative Agent, Issuing Lender and Swingline Lender, and Bank of America, N.A., as Syndication Agent. Capitalized terms
used herein without definition shall have the meanings given to such terms in the Credit Agreement. 
 The undersigned hereby
certifies for and on behalf of the Borrower as follows: 
 1.1 Capacity. The undersigned is, and at all pertinent times
mentioned herein has been, the duly qualified and acting chief financial officer of the Borrower, and in such capacity has responsibility for the management of the Borrower’s financial affairs and for the preparation of the Borrower’s
financial statements. The undersigned has, together with other officers of the Borrower, acted on behalf of the Borrower in connection with the negotiation and consummation of the Credit Agreement, the initial extensions of credit made under the
Credit Agreement, and the other transactions described therein. 
 1.2 Procedures. For purposes of this Certificate, the
undersigned has, as of or prior to the date hereof, undertaken the following activities in connection herewith: 
  

	 	(a)	The undersigned has carefully reviewed the following: 

  

	 	(i)	the contents of this Certificate; 

  

	 	(ii)	the Credit Agreement (including the exhibits and schedules thereto); and 

  

	 	(iii)	the audited and unaudited financial statements of the Borrower and its Subsidiaries referred to in Section 4.11(a) of the Credit Agreement.

  

	 	(b)	Additionally, the undersigned has prepared or supervised the preparation of and has reviewed projected consolidated balance sheets and statements of income and cash
flows of the Borrower and its Subsidiaries prepared on an annual basis through the end of fiscal year 2013, copies of which projected financial statements are attached hereto as Annex A (the “Projections”).

  

	 	(c)	 The undersigned, together with the other officers and personnel of the Borrower and its Subsidiaries who were principally and directly involved in the
preparation of the Projections, have relied on historical financial and other information and upon information with respect to sales, costs and other data obtained in discussions with executive officers of the Borrower and other officers and
supervisory personnel directly and primarily responsible for the various 

  

 Signature Page to Guaranty Agreement 

	 	 
operations involved. The undersigned has reexamined the Projections as of the date hereof, and has considered the continuing reasonableness of the assumptions set forth therein and the effect
thereon of any changes since the date of preparation thereof on the financial condition set forth and the results projected therein. 

  

	 	(d)	The undersigned has made inquiries of certain other officers and personnel of the Borrower and its Subsidiaries with responsibility for financial and accounting matters
regarding (i) whether the unaudited financial statements described in paragraph 2.1(c) above are in conformity with GAAP applied on a basis consistent with that of the audited financial statements described in paragraph 2.1(c) above
(subject to the absence of footnotes required by GAAP and subject to normal year-end adjustments), and whether notes omitted from such unaudited financial statements would have disclosed any new information that would be necessary to make the
statements contained therein, taken as a whole, not misleading, and (ii) whether such persons were aware of any events or conditions that, as of the date hereof, would cause the statements made in paragraph 3 below to be untrue in any
material respect. 

  

	 	(e)	With respect to any contingent liabilities of the Borrower and its Subsidiaries on a pro forma basis after giving effect to the transactions contemplated by the Credit
Agreement, the undersigned: 

  

	 	(i)	has inquired of certain officers and other personnel of the Borrower and its Subsidiaries who have responsibility for the legal, financial and accounting affairs of the
Borrower and its Subsidiaries, as to the existence and estimated amounts of all contingent liabilities known to them; 

  

	 	(ii)	has confirmed with senior accounting officers of the Borrower that, to the best of such officers’ knowledge, (i) all appropriate items have been included in
contingent liabilities made known to the undersigned in the course of the inquiry of the undersigned in connection herewith, and (ii) the amounts relating thereto were the maximum estimated amounts of liability reasonably likely to result
therefrom as of the date hereof, and 

  

	 	(iii)	confirms that, to the best of the undersigned’s knowledge, all material contingent liabilities that may arise from any pending litigation, asserted claims and
assessments, guarantees, uninsured risks, and other relevant contingencies and circumstances have been considered in making the certification set forth herein, and with respect to each such contingent liability the maximum estimated amount of
liability with respect thereto was used in making such certification. 

  

	 	(f)	The undersigned has conferred with counsel to the Borrower for the purpose of discussing the meaning of the contents of this Certificate. 

 

 Signature Page to Guaranty Agreement 

 1.3 Certifications. Based on the foregoing, the undersigned hereby certifies as
follows: 
  

	 	(a)	The Borrower and its Subsidiaries, taken as a whole, are not insolvent now, and the incurrence by the Borrower and its Subsidiaries of their respective liabilities and
obligations pursuant to the Credit Agreement and the other Credit Documents and the initial extensions of credit made under the Credit Agreement, the payment of transaction fees and expenses related to the foregoing and the consummation of the other
transactions contemplated thereby will not render them insolvent taken as a whole. The undersigned understands that, in this context, (i) “insolvent” means that the present fair saleable value of assets is less than the amount that
will be required to be paid on or in respect of the existing debts as such debts mature in the ordinary course, (ii) “fair value” of assets means the aggregate amount that could be realized within a reasonable time, either through
collection or sale of such assets at the regular market value as an ongoing business, conceiving of the latter as the amount that could be obtained for the property in question within such period by a capable and diligent seller from an interested
buyer who is willing to purchase under ordinary selling conditions, and (iii) “debts” includes any legal liability, whether matured or unmatured, liquidated or unliquidated, absolute, fixed or contingent, including any guaranty or
other contingent obligation. 

  

	 	(b)	The undersigned reasonably believes that, by the incurrence of their respective liabilities and obligations pursuant to the Credit Agreement and the other Credit
Documents and the initial extensions of credit made under the Credit Agreement, the payment of transaction fees and expenses related to the foregoing and the consummation of the other transactions contemplated thereby, the Borrower and its
Subsidiaries, taken as a whole, will not incur debts beyond their ability to pay as they mature in the ordinary course (taking into account the timing and amounts of cash to be payable on or in respect of such debts). The foregoing conclusion is
based in part on the Projections, which demonstrate that the cash flow of the Borrower and its Subsidiaries, after taking into account all anticipated uses of cash of each such Person, will at all times be sufficient to pay all amounts on or in
respect of Indebtedness of such Persons when such amounts are required, in the ordinary course, to be paid (including without limitation scheduled payments pursuant to the Credit Agreement). The undersigned has concluded that the realization of
current assets in the ordinary course of business should be sufficient to pay recurring current debt, short-term debt and long-term debt as such debts mature in their ordinary course, that the cash flow (including earnings plus non-cash charges to
earnings) should be sufficient to provide cash necessary to repay loans made under the Credit Agreement and other long-term indebtedness as such debt matures in its ordinary course, and that the Borrower should have sufficient availability under the
Credit Agreement to satisfy its working capital and short-term liquidity requirements. 

  

	 	(c)	 After giving effect to the initial extensions of credit made under the Credit Agreement , the payment of transaction fees and expenses related to the
foregoing 

  

 Signature Page to Guaranty Agreement 

	 	 
and the consummation of the other transactions contemplated thereby, the assets of the Borrower and its Subsidiaries, taken as a whole, do not constitute “unreasonably small capital”
(within the meaning of Section 548(a) of the Bankruptcy Code, 11 U.S.C. Section 548(a)) for such Persons to carry on their businesses as now conducted and as proposed to be conducted, taking into account the particular capital requirements
of the businesses conducted and to be conducted by them and the availability of capital in respect thereof (with reference to, without limitation, the Projections and the Borrower’s available credit capacity). 

 

	 	(d)	Neither the Borrower nor any of its Subsidiaries have executed the Credit Agreement or any other documents mentioned therein, or made any transfer or incurred any
obligations thereunder, with intent to hinder, delay or defraud either present or future creditors of such Person. 

  

	 	(e)	The statements made herein by the undersigned are based upon the personal knowledge of the undersigned, or upon reports and other information given to the undersigned
by supervisory personnel of the Borrower having principal and direct responsibility for the reports and information given, and who in the opinion of the undersigned are reliable and entitled to be relied upon. The statements made herein are made in
good faith and, to the best of the knowledge and belief of the undersigned, and subject to the assumptions set forth in Annex A, are reasonable in all material respects. 

(f) The undersigned understands that the Lenders have performed their own review and analysis of the financial condition
of the Borrower and its Subsidiaries, but that the Lenders are relying on the foregoing statements in connection with the extension of credit to the Borrower pursuant to the Credit Agreement. 

Executed on behalf of the Borrower as of the date first written above. 

 

			
	INTERCONTINENTALEXCHANGE, INC.
		
	By:	 	  

	Name:	 	
	Title:	 	

  

 Signature Page to Guaranty Agreement 

 SCHEDULES 

 DISCLOSURE SCHEDULES 

CREDIT AGREEMENT 

among 

INTERCONTINENTALEXCHANGE, INC., 

as Borrower 

THE LENDERS NAMED THEREIN, 

WELLS FARGO BANK, NATIONAL ASSOCIATION 

(successor by merger to Wachovia Bank, National Association) 

as Administrative Agent 

and 

BANK OF AMERICA, N.A. 

as Syndication Agent 

$725,000,000 Senior Revolving Credit Facilities 

Dated as of March 31, 2010 

Attached hereto are the Borrower’s “Schedules” as contemplated by the Credit Agreement of even date herewith (the
“Agreement”), by and among IntercontinentalExchange, Inc., a Delaware corporation (the “Borrower” or “ICE”), the Lenders named therein, Wells Fargo Bank, National Association (successor by merger to
Wachovia Bank, National Association), as Administrative Agent, and Bank of America N.A., as Syndication Agent. Capitalized terms used, but not otherwise defined herein, have the meanings given to such terms in the Agreement. 

The disclosures on the Borrower’s Schedules may be over-inclusive, considering the materiality standard contained in, and the
disclosures required by, the provisions of the Agreement corresponding to the respective disclosure schedule, and the fact that any item or matter is disclosed on the attached Schedules shall not be deemed to set or establish different standards of
materiality or required disclosures from those set forth in the corresponding provisions of the Agreement. Furthermore, the disclosure of any item or information in the Schedules is not an admission that such item or information (or any
non-disclosed item or information of comparable or greater significance) is material, is required to have been disclosed herein, or is of a nature that would have a Material Adverse Effect. 

 Schedule 1.1(a) 

Commitments and 

Notice Addresses 

Commitments 
  

							
	 Lender
	  	Dollar
Commitment	  	Multicurrency
Commitment
	Wells Fargo Bank, National Association (successor by merger to Wachovia Bank, National Association	  	$	65,000,000	  	$	23,000,000
	Bank of America, N.A.	  	$	65,000,000	  	$	23,000,000
	Bank of Montreal	  	$	55,000,000	  	$	20,000,000
	Societe Generale	  	$	55,000,000	  	$	20,000,000
	Bank of Tokyo-Mitsubishi UFJ, New York Branch	  	$	55,000,000	  	$	20,000,000
	Regions Bank	  	$	44,000,000	  	$	16,000,000
	Deutsche Bank AG New York Branch	  	$	36,000,000	  	$	14,000,000
	Morgan Stanley Bank, N.A.	  	$	36,000,000	  	$	14,000,000
	Fifth Third Bank	  	$	35,000,000	  	 	—  
	The Bank of New York Mellon	  	$	25,000,000	  	 	—  
	Chang Hwa Commercial Bank, Ltd., New York Branch	  	$	15,000,000	  	 	—  
	Taiwan Cooperative Bank, Los Angeles Branch	  	$	15,000,000	  	 	—  
	Bank of Taiwan, New York Agency	  	$	15,000,000	  	 	—  
	E. Sun Bank	  	$	10,000,000	  	 	—  
	First Commercial Bank, New York Agency	  	$	10,000,000	  	 	—  
	Hua Nan Commercial Bank, Ltd.	  	$	10,000,000	  	 	—  
	Taiwan Business Bank	  	$	10,000,000	  	 	—  
	Mega International Commercial Bank Co., Ltd.	  	$	9,000,000	  	 	—  
	Bank of Communications Co., Ltd, New York Branch	  	$	5,000,000	  	 	—  
	The Chiba Bank, Ltd., New York Branch	  	$	5,000,000	  	 	—  
		  	 	 	  	 	 
	Total	  	$	575,000,000	  	$	150,000,000

 Notice Addresses 

 

			
	 Party
	  	 Address

	Borrower	  	 IntercontinentalExchange, Inc.

2100 River Edge Parkway,
5th Floor

Atlanta, Georgia 30328
 Attention: Legal
Department
 Telephone: (770) 738-2106

Telecopy: (770) 857-4755

		
	Wells Fargo Bank, National Association	  	 Instructions for wire transfers to the Administrative Agent:

 
 Wells Fargo Bank, National Association

ABA Routing No. 053000219
 Charlotte, North
Carolina
 Account Number: 5000000147609

Account Name: IntercontinentalExchange Inc

Attention: Syndication Agency Services
  

Address for notices as Administrative Agent:
  

Wells Fargo Bank, National Association
 1525 W.T.
Harris Blvd.
 Building 3A2, Mailcode NC 0680

Charlotte, North Carolina 28262
 Attention:
Syndication Agency Services
 Telephone: (704) 383-3721

Telecopy: (704) 383-0288
  

Address for notices as Swingline Lender:
  

Wells Fargo Bank, National Association
 1525 W.T.
Harris Blvd.
 Building 3A2, Mailcode NC 0680

Charlotte, North Carolina 28262
 Attention:
Syndication Agency Services
 Telephone: (704) 383-3721

Telecopy: (704) 383-0288
  

with a copy to:
  

Wells Fargo Bank, National Association
 171 17th
Street, N.W.
 Atlanta, Georgia 30363

Mailcode GA4507
 Attention: Elaine
Eaton
 Telephone: (404) 214-3627

Telecopy: (404) 861-0604
 Attention: Mendel Lay

 Telephone: (404) 214-3849
 Telecopy:
(404) 214-3861

 Schedule 1.1(b) 

Existing Letters of Credit 

1. Irrevocable Standby Letter of Credit Number SM230917W issued by Wachovia Bank, National Association (predecessor to Wells Fargo Bank, National
Association) on April 22, 2008 for the benefit of United States Dept. of Agriculture—Farm Service Agency, on account of ICE Futures U.S., Inc., in the amount of $75,000.00. 

 Schedule 1.1(c) 

Mandatory Costs Rate 
  

	1.	Definitions 

 In this
Exhibit: 
 “Act” means the Bank of England Act of 1998. 

The terms “Eligible Liabilities” and “Special Deposits” have the meanings ascribed to them under or
pursuant to the Act or by the Bank of England (as may be appropriate), on the day of the application of the formula. 

“Fee Base” has the meaning ascribed to it for the purposes of, and shall be calculated in accordance with, the Fees
Regulations. 
 “Fees Regulations” means, as appropriate, either: 

 

	 	(a)	the Banking Supervision (Fees) Regulations 1998; or 

  

	 	(b)	such regulations as from time to time may be in force, relating to the payment of fees for banking supervision in respect of periods subsequent to January 1, 2000.

 “FSA” means the Financial Services Authority. 

Any reference to a provision of any statute, directive, order or regulation herein is a reference to that provision as amended or
re-enacted from time to time. 
  

	2.	Calculation of the Mandatory Costs Rate 

The Mandatory Costs Rate is an addition to the interest rate on each LIBOR Loan or any other sum on which interest is to be calculated to
compensate the Lenders for the cost attributable to such LIBOR Loan or such sum resulting from the imposition from time to time under or pursuant to the Act and/or by the Bank of England and/or the FSA (or other United Kingdom governmental
authorities or agencies) of a requirement to place non-interest bearing or Special Deposits (whether interest bearing or not) with the Bank of England and/or pay fees to the FSA calculated by reference to the liabilities used to fund the relevant
LIBOR Loan or such sum. 
 The “Mandatory Costs Rate” will be the rate determined by the Administrative Agent to
be equal to the rate (rounded upward, if necessary, to the next higher 1/100 of 1%) resulting from the application of the following formula: 

For Sterling: 
  

	
	XL + S(L-D) + F x 0.01
	        100-(X+S)

For other Designated Foreign Currencies: 
  

	
	F x 0.01
	   300
	

 where on the day of application of the formula 

 

	 	X	is the percentage of Eligible Liabilities (in excess of any stated minimum) by reference to which Wells Fargo Bank, National Association (“WFB”) is required
under or pursuant to the Act to maintain cash ratio deposits with the Bank of England; 

  

	 	L	is the rate of interest (exclusive of Applicable Percentage and Mandatory Costs Rate) payable on that day on the related LIBOR Loan or unpaid sum pursuant to this
Agreement; 

  

	 	F	is the rate of charge payable by WFB to the FSA pursuant to the Fees Regulations and expressed in pounds per £1 million of the Fee Base of WFB;

  

	 	S	is the level of interest-bearing Special Deposits, expressed as a percentage of Eligible Liabilities, which WFB is required to maintain by the Bank of England (or other
United Kingdom governmental authorities or agencies); and 

  

	 	D	is the percentage rate per annum payable by the Bank of England to WFB on Special Deposits. 

(X, L, S and D are to be expressed in the formula as numbers and not as percentages. A negative result obtained from subtracting D from L
shall be counted as zero.) 
 The Mandatory Costs Rate attributable to a LIBOR Loan or other sum for any period shall be
calculated at or about 11:00 A.M. (London time) on the first day of such period for the duration of such period. 
 The
determination of Mandatory Costs Rate by the Administrative Agent in relation to any period shall, in the absence of manifest error, be conclusive and binding on all parties hereto. 

 

	3.	Change of Requirements 

If there is any change in circumstance (including the imposition of alternative or additional requirements) which in the reasonable
opinion of the Administrative Agent renders or will render the above formula (or any element thereof, or any defined term used therein) inappropriate or inapplicable, the Administrative Agent shall (with the written consent of the Borrower, which
shall not be unreasonably withheld) be entitled to vary the same. Any such variation shall, in the absence of manifest error, be conclusive and binding on all parties and shall apply from the date specified in such notice. 

 Schedule 4.1 

Corporate Organizations and Power 
  

			
	 Borrower
	  	 Jurisdiction of Organization

		
	 IntercontinentalExchange, Inc.
	  	Delaware
		
	 Subsidiary Guarantors
	  	
		
	 Chatham Energy, LLC
	  	Delaware
		
	 Creditex Group Inc.
	  	Delaware
		
	 Creditex Holdco, LLC
	  	Delaware
		
	 Creditex LLC
	  	Delaware
		
	 Creditex Securities Corporation
	  	Delaware
		
	 CreditTrade Inc.
	  	Delaware
		
	 ICE Data Investment Group, LLC
	  	Delaware
		
	 ICE Data Management Group, LLC
	  	Delaware
		
	 ICE Data, LP
	  	Delaware
		
	 ICE Futures U.S., Inc. (formerly known as CFC Acquisition Co.)
	  	Delaware
		
	 ICE Markets, Inc.
	  	Delaware
		
	 ICE US Holding Company GP LLC
	  	Delaware
		
	 IntercontinentalExchange International, Inc.
	  	Delaware
		
	 ICE Processing, LLC
	  	Delaware
		
	 YellowJacket, Inc.
	  	Delaware
		
	 eCOPS, LLC
	  	New York
		
	 ICE Clear US, Inc. (formerly known as New York Clearing Corporation)
	  	New York

 Schedule 4.4 

Governmental and Third-Party Authorization; Permits 

None. 

 Schedule 4.5 

Litigation 
 U.S.
Department of Justice Antitrust Division Investigation of Credit Derivatives Market 
 The Borrower received a letter dated
August 11, 2009 from the U.S. Department of Justice (the “DOJ”) that included a Civil Investigative Demand (“CID”) requiring the Borrower to produce certain documents and answer certain interrogatories related to the credit
derivatives market. The Borrower operates businesses in the credit derivatives market in the U.S. through its Creditex division and through the operation of ICE Trust U.S., its U.S. credit default swap (“CDS”) clearing house and ICE Clear
Europe, its European CDS clearing house. In connection with the acquisition of The Clearing Corporation (“TCC”) and the concurrent establishment of ICE Trust U.S., the Borrower entered into agreements with the various dealer/owners of TCC
regarding the formation and operation of ICE Trust U.S. The CID seeks information and documents as part of an Antitrust Division industry investigation into violations of Sections 1 and 2 of the Sherman Act. The purpose of the CID is to investigate
whether there has been or may be a violation of the Sherman Act “by conduct, activities, or proposed action of the following nature: agreements restraining competition in credit derivatives trading, processing, clearing, and information
services, attempts to monopolize/monopoly maintenance of credit derivative information services.” 
 Information and documents requested by
the CID are being provided to the DOJ on a rolling basis. 
 [***] 

European Climate Exchange (“ECX”) correspondence 

ICE Futures Europe received a letter dated 4 February 2010 from Patrick Birley, Chief Executive of ECX, (“the ECX Letter”) stating that ECX
had [***] 
 A conversation was subsequently held between Mr. Richard Sandor, representing ECX, and Mr. Jeff Sprecher on
4 February 2010. Mr. Sandor suggested to Mr. Sprecher that the ECX Letter had been sent inadvertently. Mr. Peniket subsequently responded to the ECX Letter confirming his understanding that the ECX Letter had been sent
prematurely, and that it was not his intention to respond to the ECX Letter further, and requesting if this understanding was incorrect that Patrick Birley should respond to Mr. Peniket immediately in writing. No response has been received from
Patrick Birley. 
  

	***	Confidential information on this page has been omitted and filed separately with the Commission. Confidential treatment has been requested with respect to the omitted
portions. 

 Amirsaleh v. Board of Trade of the City of New York, Inc. and Intercontinental- Exchange, Inc.

 This action was filed by a former NYBOT equity member in the Court of Chancery of the State of Delaware, New Castle County, on
March 22, 2007, asserting that NYBOT breached the terms of the Merger Agreement between NYBOT and the Borrower, and breached the duty of good faith and fair dealing implicit in every contract, by allegedly failing to give plaintiff timely
notice of the election deadline with respect to the merger consideration that would be paid to NYBOT equity members. The Plaintiff seeks shares of the Borrower’s stock in an amount equal to the amount received by any member who made an all
stock election, and seeks the issuance to him of two NYBOT trading memberships, which were not issued following the merger due to plaintiff’s failure to own and pledge the shares of the Borrower’s stock that were a pre-requisite to the
issuance of such memberships. 
 The Borrower and NYBOT filed an Answer to the Complaint on April 23, 2007, denying the
essential allegations and asserting as affirmative defenses that (1) the Complaint fails to state a claim upon which relief can be granted, (2) plaintiff’s claims and requests for relief are barred by the doctrines of waiver, estoppel
and/or acquiescence, (3) plaintiff lacks standing to assert claims for breach of the merger agreement, and (4) failure to take reasonable steps to mitigate the damages claimed. A motion for Judgment on the Pleading or in the alternative,
for Summary Judgment was filed by defendants on June 11, 2008 and was decided on September 11, 2008. The court granted the motion insofar as the breach of contract claim was concerned and denied it with respect to the claim based on the
implied covenant of good faith and fair dealing because the Court found there to be issues of fact in dispute that precluded the grant of summary judgment as a procedural matter. [***] Following the conclusion of discovery, Plaintiff filed a motion
for Summary Judgment that was denied on November 9, 2009. The trial was held on November 16-18th
, and the Court issued a decision and Order in favor of defendants, dismissing the Complaint with prejudice, on January 19, 2010. Plaintiff appealed the Court’s decision and
order. 
  

	***	Confidential information on this page has been omitted and filed separately with the Commission. Confidential treatment has been requested with respect to the omitted
portions. 

 SEC Inquiry 

In November 2008, Creditex received a subpoena from the Securities and Exchange Commission (“SEC”) requiring production of data and
communications regarding transactions in certain named financial credit default swaps during the period September 1 through September 19, 2008, specifically: a schedule reflecting all CDS transactions brokered by Creditex in the named
financial sector CDS during the relevant period, all bids and offers received by Creditex with respect to such financial CDS during the relevant period, and any communications with respect to the foregoing. Creditex responded to this request on
December 19, 2008. Additionally, in January 2009, Creditex received a verbal request from the SEC to produce all documentation and information given to the New York Attorney General (“NYAG”) in connection with a prior NYAG
investigation. Creditex responded to this request on February 6, 2009. 
 No further requests have been made by the SEC since January 2009.

 [***] 
 Financial and Energy
Exchange Limited (“FEX”) 
 Pursuant to the Clearing Services Agreement (CSA), FEX owes TCC approximately $833,333.00. TCC issued a
notice to FEX terminating the CSA for material breach given FEX’s failure to pay invoiced amounts owed. 
 FEX responded that TCC’s
termination was invalid because FEX is disputing the moneys invoiced by TCC. FEX alleged that TCC repeatedly failed to perform the services under the CSA. FEX further alleged that while previous invoices have been paid by FEX with respect to
implementation fees, TCC did not earn the implementation fees and that FEX is entitled to recover those moneys or recover damages from TCC for its breaches of the CSA in failing to provide the services in accordance with the CSA’s terms. FEX
alleged that among other breaches, TCC has failed to take any steps to progress its application for a Clearing and Settlement Facility License from the Australian Securities and Investments Commission. FEX invited TCC to withdraw its termination and
asked TCC to confirm such, in writing, by May 11, 2009. FEX cited the non-compete provision of the CSA and has asked TCC to confirm, in writing, that it is not providing competing clearing services within Australia or New Zealand to ICE Trust
or its affiliates. FEX raised a concern that following TCC’s acquisition by ICE, TCC may have acted, or is continuing to act, in breach of the confidentiality provisions of the CSA. FEX reserved its right to apply to the Supreme Court of South
Wales for relief including declarations that TCC is not entitled to terminate the CSA; damages for TCC’s wrongful repudiation; injunctions to prevent TCC from acting in breach the non-compete provision of the CSA; and damages for any breach of
the confidentiality provisions. 
  

	***	Confidential information on this page has been omitted and filed separately with the Commission. Confidential treatment has been requested with respect to the omitted
portions. 

 TCC responded to FEX and denied FEX’s allegations that TCC is in breach of the CSA. TCC also referenced
the numerous occasions when FEX had indicated, in writing, that it was not disputing amounts owed and that its delay in paying the outstanding invoices was merely the results of funding issues. TCC also challenged FEX’s assertion of its right
to seek relief before the Supreme Court of New South Wales and TCC wrote that the appropriate jurisdiction for any dispute would be a court in Chicago, Illinois. 

On August 18, 2009, FEX wrote that it is of the view that, when TCC issued invoices to FEX, FEX was entitled to dispute those invoices on the basis
that TCC had failed to perform its obligations under the Agreement. In its letter, FEX alleges that TCC has wrongfully repudiated the Agreement and that FEX is entitled to recover damages from TCC to compensate FEX for: 

 

	 	(a)	The loss of value for the moneys already paid by FEX to TCC under the Agreement, totaling AUD $2,514,680; and 

 

	 	(b)	the loss of value suffered by FEX as a result of the delay in commencement of operation of the “FEX Exchange”, which delay was brought about by TCC’s
failure to perform its obligations under the Agreement. Currently, FEX expects that the net present value of the impact of delays well exceeds AUD$12,000,000. 

FEX also maintains that TCC made representations as to TCC’s status as an independent clearing house and that subsequent events demonstrate that TCC
is not an independent clearing house. 
 FEX indicated that it also will consider an action for contravention by TCC of section 52 of the TRADE
Practices Act as an alternative to the action for damages discussed herein. FEX considers that it would be entitled to recover from TCC a similar quantum of damages on the basis of this cause of action as would be recoverable on a cause of action
against TCC for breach of the Agreement (AUD$14,514,680). 
 On or about August 31, 2009, TCC filed a Complaint against FEX in the United
States District Court for the Northern District of Illinois, Eastern Division seeking damages and declaratory relief. Specifically, TCC’s Complaint seeks to recover $833,313 in fees due from FEX and a declaratory judgment that the CSA was
properly terminated and that the non-compete provision contained in the CSA does not survive the CSA’s termination. 
 On November 6,
2009, FEX filed a Motion to Dismiss TCC’s Complaint. FEX contends that the United States District Court lacks personal jurisdiction over FEX. 

On January 8, 2010, TCC filed its Response in Opposition to FEX’s Motion to Dismiss TCC’s Complaint. 

On January 29, 2010, FEX filed its Reply in Support of its Motion to Dismiss The Clearing Corporation’s Complaint. On February 18, 2010,
the United States District Court issued an Order denying FEX’s Motion to Dismiss. 
 On March 17, 2010 FEX filed its answer and
counterclaims, pursuant to which FEX made counts for 1) fraudulent misrepresentation; 2) breach of contract; 3) unjust enrichment; 4) violation of 

 
the Illinois deceptive trade practices act; and 5) declaratory judgment. For each of the counts, FEX claims damages of $2,010,546.33 together with attorneys’ fees and costs plus other
damages. 
  

 Schedule 4.7 

Subsidiaries 
 The
Borrower is the 100% direct owner of the following domestic entities: 
  

	 	1.	IntercontinentalExchange International, Inc. (“ICE International”) 

 

	 	2.	ICE Markets, Inc. (“ICE Markets”) 

  

	 	3.	ICE Data Management Group, LLC (“ICE Management”) 

  

	 	4.	ICE Data Investment Group, LLC (“ICE Investment”) 

  

	 	5.	ICE Futures U.S., Inc. (“ICE Futures”) 

  

	 	6.	Chatham Energy, LLC 

  

	 	7.	YellowJacket, Inc. 

  

	 	8.	Creditex Holdco, LLC 

  

	 	9.	ICE US Holding Company GP LLC 

 The Borrower
is the 100% indirect owner (except as indicated below) of the following domestic entities: 
  

	 	1.	Creditex Group, Inc. (Creditex Holdco, Ltd. is the direct 100% owner) 

  

	 	2.	ICE Data, LP (ICE Management is the direct 1% owner; ICE Investment is the direct 99% owner) 

 

	 	3.	ICE Clear US, Inc. (ICE Futures is the direct 100% owner) 

  

	 	4.	eCOPS, LLC (ICE Futures is the direct 100% owner) 

  

	 	5.	The Clearing Corporation (ICE US Holding Company L.P. is the direct 100% owner) 

 

	 	6.	ICE US Trust LLC (ICE US Holding Company L.P. is the direct 100% owner) 

  

	 	7.	QW Holdings LLC (50.11% owner is Creditex Group Inc and 49.89% owners are other third party investors) 

 

	 	8.	Q-WIXX B Sub LLC (100% owned by QW Holdings LLC) 

  

	 	9.	ICE Processing, LLC (100% owner is Creditex Group Inc.) 

  

	 	10.	Creditex LLC (100% owner is Creditex Group Inc.) 

	 	11.	CreditTrade Inc. (100% owner is Creditex Group Inc.) 

  

	 	12.	Creditex Securities Corporation (100% owned by CreditTrade Inc.) 

The Borrower is the 100% indirect owner (except as indicated below) of the following foreign entities: 

 

	 	1.	ICE Markets Corporation (ICE Markets is the direct 100% owner) 

  

	 	2	ICE US Holding Company LP (ICE US Holding Company GP LLC, ICE & Creditex Group, Inc. collectively own approximately 51% of the limited partnership interests
and other third party investors own approximately 49% of the limited partnership interests and ICE US Holding Company GP LLC owns 100% of the general partnership interests) 

 

	 	2.	ICE Netherlands C.V. (ICE Markets 1% LP; ICE International 99% GP) 

  

	 	3.	ICE Netherlands B.V. (ICE Netherlands C.V. 100% owner) 

  

	 	4.	5509794 Manitoba, Inc. (ICE Netherlands B.V. 100% owner) 

  

	 	5.	ICE Futures Canada, Inc. (“ICE Futures Canada”) (5509794 Manitoba, Inc. 100% owner) 

 

	 	6.	ICE Clear Canada, Inc. (ICE Futures Canada 100% owner) 

  

	 	7.	Canadian Climate Exchange, Inc. (ICE Futures Canada 100% owner) 

  

	 	8.	ICE Services Canada, Inc. (ICE Futures Canada 100% owner) 

  

	 	9.	IntercontinentalExchange Holdings (ICE International is the < 1% owner and ICE Netherlands C.V. is > 99% owner) 

 

	 	10.	ICE Markets Limited (IntercontinentalExchange Holdings is the direct 100% owner) 

 

	 	11.	ICE Clear Europe Ltd. (IntercontinentalExchange Holdings is the direct 100% owner) 

 

	 	12.	ICE Clear UK Ltd. (IntercontinentalExchange Holdings is the direct 100% owner) 

 

	 	13.	ICE Futures Holdings Ltd. (IntercontinentalExchange Holdings is the direct 100% owner) 

 

	 	14.	IntercontinentalExchange Technologies Limited (IntercontinentalExchange Holdings is the direct 100% owner) 

 

	 	15.	ICE Data Holdings Limited (IntercontinentalExchange Holdings is the direct 20% owner and ICE Data Services Limited is the direct 80% owner) 

 

	 	16.	International Petroleum Exchange of London Limited (IntercontinentalExchange Holdings is the direct 100% owner) 

 

 2 

	 	17.	IPE Holdings Limited (IntercontinentalExchange Holdings is the direct 100% owner) 

 

	 	18.	ICE Education Limited (ICE Futures Holdings Ltd. is the direct 100% owner) 

 

	 	19.	International Petroleum Exchange Limited (ICE Futures Holdings Ltd. is the direct 100% owner) 

 

	 	20.	ICE Futures Holdco No. 1 (ICE Futures Holdings Ltd. is the direct 100% owner) 

 

	 	21.	ICE Futures Holdco No. 2 (ICE Futures Holdings Ltd. is the direct 100% owner) 

 

	 	22.	ICE Data Services Limited (ICE Futures Holdings Ltd. is the direct 100% owner) 

 

	 	23.	ICE Futures Europe (ICE Futures Holdco No. 1 is 99% owner and ICE Futures Holdco No. 2 is 1% owner) 

 

	 	24.	ICE Futures Ltd. (ICE Futures Europe the direct 100% owner) 

  

	 	25.	ICE Data LLP (ICE Data Holdings Limited is 99% owner and IntercontinentalExchange Holdings is 1% owner) 

 

	 	26.	ICE US Holding Company L.P. (ICE US Holding Company GP LLC is the direct 100% owner of the general partnership interests; Borrower owns 50% of the limited partnership
interests and the remaining 50% of the limited partnership interests are owned by the former shareholders of The Clearing Corporation) 

  

	 	27.	Q-WIXX International Limited (100% owned by Q-WIXX B Sub LLC) 

  

	 	28.	ICE Processing International, Limited (100% owned by ICE Processing LLC) 

  

	 	29.	Creditex UK, Ltd. (100% owned by CreditTrade, Inc.) 

  

	 	30.	Creditex Brokerage LLP (100% owned by Creditex UK Ltd.) 

  

	 	31.	Creditex Singapore PTE. Ltd. (100% owned by CreditTrade, Inc.) 

The Borrower is the 100% direct owner of the following foreign entities: 

 

	 	1.	Creditex Holdco Ltd. 

  

 3 

 Schedule 4.19 

Material Contracts 
  

			
		
	1.	  	Agreement and Plan of Merger by and among IntercontinentalExchange, Inc., Columbia Merger Corporation, Creditex Group Inc. and TA Associates, Inc. dated June 3, 2008
(incorporated by reference to Exhibit 10.1 to ICE’s Quarterly Report on Form 10-Q, filed with the SEC on August 4, 2008, File No. 001-32671).
		
	2.	  	Amendment to Agreement and Plan of Merger, dated as of August 26, 2008, to the Agreement and Plan of Merger, dated as of June 3, 2008, by and among ICE, MergerCo, Creditex and the
Stockholders’ Representative (incorporated by reference to Exhibit 10.1 to ICE’s Current Report on Form 8-K, filed with the SEC on September 2, 2008, File No. 001-32671).
		
	3.	  	Agreement and Plan of Merger by and among The Clearing Corporation (“TCC”), a Delaware corporation, ICE US Holding Company L.P. (“Holdco”), a Cayman Islands
exempted limited partnership and subsidiary of IntercontinentalExchange, Inc., Pony Merger Sub LLC, a Delaware limited liability company, IntercontinentalExchange, Inc., and TCC Stockholders Representative LLC, a Delaware limited liability company
(solely in the capacity as representative of the former TCC stockholders) dated as of March 6, 2009 (incorporated by reference to Exhibit 2.1 to ICE’s Quarterly Report on Form 10-Q, filed with the SEC on May 6, 2009, File
No. 001-32671).
		
	4.	  	Employment Agreement, dated as of December 31, 2008, between IntercontinentalExchange, Inc. and Jeffrey C. Sprecher (incorporated by reference to Exhibit 10.1 to ICE’s Current
Report on Form 8-K, filed with the SEC on January 7, 2009, File No. 001-32671).
		
	5.	  	Employment Agreement, dated as of December 31, 2008, between Intercontinental-Exchange, Inc. and Charles A. Vice (incorporated by reference to Exhibit 10.2 to ICE’s Current
Report on Form 8-K, filed with the SEC on January 7, 2009, File No. 001-32671).
		
	6.	  	Employment Agreement, dated as of December 31, 2008, between Intercontinental-Exchange, Inc. and David S. Goone (incorporated by reference to Exhibit 10.3 to ICE’s Current
Report on Form 8-K, filed with the SEC on January 7, 2009, File No. 001-32671).
		
	7.	  	Employment Agreement, dated as of December 31, 2008, between Intercontinental-Exchange, Inc. and Edwin D. Marcial (incorporated by reference to Exhibit 10.4 to ICE’s Current
Report on Form 8-K, filed with the SEC on January 7, 2009, File No. 001-32671).
		
	8.	  	Employment Agreement dated as of December 31, 2008, between Intercontinental-Exchange, Inc. and Scott A. Hill (incorporated by reference to Exhibit 10.5 to ICE’s Current Report
on Form 8-K, filed with the SEC on January 7, 2009, File No. 001-32671).
		
	9.	  	IntercontinentalExchange, Inc. 2000 Stock Option Plan, as amended effective December 31, 2008 (incorporated by reference to Exhibit 10.6 to ICE’s Annual Report on Form 10-K,
filed with the SEC on February 11, 2009, File No. 001-32671).
		
	10.	  	IntercontinentalExchange, Inc. 2003 Restricted Stock Deferral Plan for Outside Directors, as amended effective December 31, 2008 (incorporated by reference to Exhibit 10.7 to
ICE’s Annual Report on Form 10-K, filed with the SEC on February 11, 2009, File No. 001-32671).
		
	11.	  	IntercontinentalExchange, Inc. 2004 Restricted Stock Plan, as amended effective December 31, 2008 (incorporated by reference to Exhibit 10.8 to ICE’s Annual Report on Form
10-K, filed with the SEC on February 11, 2009, File No. 001-32671).

			
	12.	  	IntercontinentalExchange, Inc. 2005 Equity Incentive Plan, as amended effective December 31, 2008 (incorporated by reference to Exhibit 10.9 to ICE’s Annual Report on Form
10-K, filed with the SEC on February 11, 2009, File No. 001-32671).
		
	13.	  	IntercontinentalExchange, Inc. Executive Bonus Plan (incorporated by reference to Exhibit 10.1 to ICE’s Quarterly Report on Form 10-Q, filed with the SEC on August 5, 2009,
File No. 001-32671).
		
	14.	  	IntercontinentalExchange, Inc. 2009 Omnibus Incentive Plan (incorporated by reference to Exhibit 10.2 to ICE’s Quarterly Report on Form 10-Q, filed with the SEC on August 5,
2009, File No. 001-32671).
		
	15.	  	Amendment and Restatement Agreement dated as of April 9, 2009 among IntercontinentalExchange, Inc., Wachovia Bank, National Association, as Administrative Agent, Bank of America,
N.A., as Syndication Agent, and the lenders named therein for a senior unsecured term loan facility in the initial aggregate principal amount of $175.0 million (incorporated by reference to ICE’s Current Report on Form 8-K filed with the SEC on
April 14, 2009, File No. 001-32671).
		
	16.	  	Credit Agreement dated as of April 9, 2009 among IntercontinentalExchange, Inc., Wachovia Bank, National Association, as Administrative Agent, Bank of America, N.A., as Syndication
Agent, and the lenders named therein for a a three-year senior unsecured term loan facility in the initial aggregate principal amount of $200.0 million (incorporated by reference to ICE’s Current Report on Form 8-K filed with the SEC on April
14, 2009, File No. 001-32671).
		
	17.	  	New Credit Facility to be entered into at Closing.
		
	18.	  	Office Lease, dated as of June 8, 2000, as amended, between CMD Realty Investment Fund IV, L.P. and IntercontinentalExchange, LLC (incorporated by reference to Exhibit 10.17 to
ICE’s registration statement on Form S-1, filed with the SEC on June 6, 2005, File No. 333-123500).
		
	19.	  	Lease Amendment Six, dated as of October 12, 2005, by and between CMD Realty Investment Fund IV, L.P. and IntercontinentalExchange, Inc. (incorporated by reference to Exhibit
10.27 to ICE’s registration statement on Form S-1, filed with the SEC on October 14, 2005, File No. 333-123500).
		
	20.	  	Lease Amendment Seven, dated as of May 12, 2006, by and between CMD Realty Investment Fund IV, L.P. and IntercontinentalExchange, Inc. (incorporated by reference to Exhibit
10.2 to ICE’s Current Report on Form 8-K, filed with the SEC on May 17, 2006, File No. 001-32671).
		
	21.	  	Lease Amendment Eight, dated as of November 28, 2006 (incorporated by reference to Exhibit 10.17 to ICE’s Annual Report on Form 10-K, filed with the SEC on February 11, 2009,
File No. 001-32671).
		
	22.	  	Lease Amendment Nine, dated as of February 21, 2007 (incorporated by reference to Exhibit 10.18 to ICE’s Annual Report on Form 10-K, filed with the SEC on February 11, 2009,
File No. 001-32671).
		
	23.	  	Lease Amendment Ten, dated as of May 15, 2008 (incorporated by reference to Exhibit 10.19 to ICE’s Annual Report on Form 10-K, filed with the SEC on February 11, 2009, File No.
001-32671).
		
	24.	  	TRS—Application Services Agreement, dated as of April 25, 2001, between The International Petroleum Exchange of London Limited and LIFFE Services Company Limited
(incorporated by reference to Exhibit 10.14 to ICE’s registration statement on Form S-1, filed with the SEC on October 14, 2005, File No. 333-123500).

			
	25.	  	Deed of Novation, dated July 22, 2005, between The International Petroleum Exchange of London Limited, LIFFE Services Limited, Atos Euronext Market Solutions Limited, and LIFFE
Administration and Management (incorporated by reference to Exhibit 10.25 to ICE’s registration statement on Form S-1, filed with the SEC on October 14, 2005, File No. 333-123500).
		
	26.	  	Managed Services Agreement, dated as of December 21, 2007, between ICE Clear Europe Limited and Atos Euronext Market Solutions Limited (incorporated by reference to Exhibit 10.22 to
ICE’s Annual Report on Form 10-K, filed with the SEC on February 11, 2009, File No. 001-32671).
		
	27.	  	Patent License Agreement, dated as of March 29, 2002, between eSpeed, Inc. and IntercontinentalExchange, Inc. (incorporated by reference to Exhibit 10.16 to ICE’s registration
statement on Form S-1, filed with the SEC on June 6, 2005, File No. 333-123500).
		
	28.	  	Settlement Agreement, dated as of September 1, 2005, by and between EBS Group Limited and IntercontinentalExchange, Inc. (incorporated by reference to Exhibit 10.26 to ICE’s
registration statement on Form S-1, filed with the SEC on October 14, 2005, File No. 333-123500).
		
	29.	  	License Agreement For Index-Related Derivative Products dated as of June 15, 2007 between IntercontinentalExchange, Inc. and Frank Russell Company (incorporated by reference to
Exhibit 10.1 to ICE’s Current Report on Form 8-K, filed with the SEC on June 20, 2007, File No. 001-32671).
		
	30.	  	Contribution and Asset Transfer Agreement, dated as of May 11, 2000, by and between IntercontinentalExchange, LLC, Continental Power Exchange, Inc., and Jeffrey C. Sprecher
(incorporated by reference to Exhibit 10.31 to ICE’s registration statement on Form S-1, filed with the SEC on October 25, 2005, File No. 333-123500).
		
	31.	  	First Amendment to Contribution and Asset Transfer Agreement, dated as of May 17, 2000, by and among IntercontinentalExchange, LLC, Continental Power Exchange, Inc., and Jeffrey C.
Sprecher (incorporated by reference to Exhibit 10.32 to ICE’s registration statement on Form S-1, filed with the SEC on October 25, 2005, File No. 333-123500).
		
	32.	  	Second Amendment to Contribution and Asset Transfer Agreement, dated as of October 24, 2005, by and among IntercontinentalExchange, Inc., Continental Power Exchange, Inc., and
Jeffrey C. Sprecher (incorporated by reference to Exhibit 10.33 to ICE’s registration statement on Form S-1, filed with the SEC on October 25, 2005, File No. 333-123500).
		
	33.	  	IntercontinentalExchange, Inc. Amended and Restated 1999 Stock Option/Stock Issuance Plan (formerly the Creditex Group Inc. Amended and Restated 1999 Stock Option/Stock Issuance
Plan) (incorporated by reference to Exhibit 4.1 to ICE’s registration statement on Form S-8, filed with the SEC on September 2, 2008, File No. 333-153299).

 Schedule 7.2 

Indebtedness 

None. 

Schedule 7.3 

Liens 

None. 

Schedule 7.7 

Transactions with Affiliates 

Transactions with Officer and Stockholder of ICE 

As a part of the transactions surrounding our formation, ICE entered into an agreement with ICE’s predecessor company, Continental Power Exchange,
Inc. (“CPEX”), on May 11, 2000. ICE’s Chief Executive Officer, Mr. Sprecher, owns all the equity interests in CPEX. Pursuant to the agreement, CPEX conveyed all of its assets and liabilities to ICE. These assets
included intellectual property that ICE used to develop its electronic platform. In return, ICE issued to CPEX an equity interest in ICE and, further, agreed to give CPEX a put option, by which CPEX could require ICE to buy its equity interest in
ICE at the purchase price equal to either its fair market value or $5 million, whichever is greater. 
 In connection with ICE’s initial
public offering, in October 2005, ICE entered an agreement with CPEX and Mr. Sprecher to terminate the put option upon the closing of ICE’s initial public offering. In connection with the termination of the put option, ICE amended certain
registration rights previously granted to CPEX, which currently owns 1,952,978 shares of ICE’s common stock. Under this agreement, CPEX is entitled to require ICE to register for resale into the public market its common stock if
Mr. Sprecher’s employment has been terminated. In addition, ICE may be obligated to pay the expenses of registration of such shares, including underwriters discounts up to a maximum of $4.5 million.Amendment and Restatement Agreement

 Exhibit 10.2 

THIS AMENDMENT AND RESTATEMENT AGREEMENT (this “Agreement”), dated as of April 9, 2009, is made among
INTERCONTINENTALEXCHANGE, INC., a Delaware corporation (the “Borrower”), the Subsidiary Guarantors party hereto, the Lenders (each as defined in the hereinafter defined Existing Credit Agreement) party hereto, WACHOVIA
BANK, NATIONAL ASSOCIATION, as administrative agent for the Lenders (“Wachovia”), and BANK OF AMERICA, N.A., as syndication agent for the Lenders (“BofA”), under the Existing Credit Agreement referred to
below. 
 WHEREAS, the Borrower, the Subsidiary Guarantors party thereto, the Lenders party thereto, BofA, as syndication
agent, and Wachovia, as administrative agent, entered into the Credit Agreement, dated as of January 12, 2007 (as amended by the First Amendment to Credit Agreement dated as of August 24, 2007 and the Second Amendment to Credit Agreement
dated as of June 13, 2008, the “Existing Credit Agreement”), pursuant to which the Lenders made certain loans and other extensions of credit to the Borrower. 

WHEREAS, the Credit Parties have requested, and the Administrative Agent and the Required Lenders have agreed, upon the terms and
subject to the conditions set forth herein, that the Existing Credit Agreement be amended and restated as provided herein. 

NOW, THEREFORE, the Credit Parties, the Administrative Agent and the Required Lenders hereby agree as follows: 

Section 1. Amendment and Restatement of the Existing Credit Agreement; Loans. 

(a) Effective as of the Restatement Effective Date, concurrently with the consummation of the transactions described in Section 2
hereof, the Existing Credit Agreement is hereby amended and restated to read in its entirety as set forth in Exhibit A hereto (the “Restated Credit Agreement”, with capitalized terms used but not otherwise defined herein or
assigned a meaning herein having the meanings assigned to such terms in the Restated Credit Agreement), and as so amended and restated, is replaced and superseded by the terms, conditions, agreements, covenants, representations and warranties set
forth in this Agreement and the Restated Credit Agreement. Except as specifically set forth herein, the amendment and restatement contained herein shall not, in any manner, be construed to constitute payment of, or impair, limit, cancel or
extinguish, or constitute a novation in respect of, the Obligations (as defined in the Existing Credit Agreement) of the Credit Parties evidenced by or arising under the Existing Credit Agreement, the Guaranty (as defined in the Existing Credit
Agreement) and the other Credit Documents (as defined in the Existing Credit Agreement). From and after the Restatement Effective Date, the terms “Agreement”, “this Agreement”, “herein”, “hereinafter”,
“hereto”, “hereof’ and words of similar import, as used in the Restated Credit Agreement, shall, unless the context otherwise requires, refer to the Restated Credit Agreement and all references in the Restated Credit Agreement to
“the date hereof’, “the date of this Agreement” or other words or phrases of similar import shall be deemed references to the date of this Agreement. 

 

	***	Certain information in this agreement has been omitted and filed separately with the Commission. Confidential treatment has been requested with respect to the omitted
portions. 

 (b) As set forth herein, (i) all Term Loans outstanding under (and to have the meaning
herein assigned to such term in) the Existing Credit Agreement immediately prior to the Restatement Effective Date shall continue to be outstanding as Loans under the Restated Credit Agreement, and the terms of the Restated Credit Agreement will
govern the rights and obligations of the Credit Parties, the Lenders and the Administrative Agent with respect thereto and (ii) all Revolving Loans outstanding under (and to have the meaning herein assigned to such term in) the Existing Credit
Agreement immediately prior to the Restatement Effective Date shall be prepaid in full contemporaneously with the Restatement Effective Date, together with all interest accrued and accruing thereon, and all fees, costs, expenses and other charges
relating thereto (including, without limitation, any amounts due under Section 2.17 of the Existing Credit Agreement); provided that the foregoing shall not be construed to discharge or release any Credit Party from any obligations owed
to the Lenders or the Administrative Agent under the Existing Credit Agreement, which shall remain owing under the Restated Credit Agreement. 

(c) The exhibits and schedules to the Existing Credit Agreement are hereby amended and restated in their entirety as set forth in
Exhibit B hereto. 
 Section 2. Term Loans; Revolving Loans; Revolving Commitments. 

(a) The parties hereto agree that, as of the Restatement Effective Date, the aggregate principal amount of the Term Loans under the
Existing Credit Agreement is $175,000,000, and in connection with the amendment and restatement of the Existing Credit Agreement as contemplated hereby, such Term Loans will be continued as Loans under the Restated Credit Agreement, so that, after
giving effect thereto, the Lenders under the Restated Credit Agreement will be the Persons identified on Schedule 2 hereto and that the Lenders’ outstanding Loans under the Restated Credit Agreement as of the Restatement Effective Date
shall be in the principal amounts set forth on Schedule 2 hereto. 
 (b) The parties hereto agree that, immediately prior
to the Restatement Effective Date, the aggregate principal amount of the Revolving Loans under the Existing Credit Agreement is $195,000,000, and in connection with the amendment and restatement of the Existing Credit Agreement as contemplated
hereby, (i) such Revolving Loans will be prepaid in full, together with all interest accrued and accruing thereon, and all fees, costs, expenses and other charges relating thereto (including, without limitation, any amounts due under
Section 2.17 of the Existing Credit Agreement) and (ii) the Revolving Credit Commitments of the Revolving Credit Lenders (each having the meanings herein assigned to such terms in the Existing Credit Agreement), shall be terminated so that
the Borrower has no right to borrow Revolving Loans or Swingline Loans or request Letters of Credit (each having the meanings herein assigned to such terms in the Existing Credit Agreement) on or after the Restatement Effective Date, in each case
effective as of the Restatement Effective Date. 
 Section 3. Acknowledgment and Confirmation of the Credit
Parties. Each Credit Party hereby confirms and agrees that, after giving effect to this Agreement, the Restated Credit Agreement and the other Credit Documents to which it is a party remain in full force and effect and enforceable against
such Credit Party in accordance with their respective terms and shall not 

 
be discharged, diminished, limited or otherwise affected in any respect, and represents and warrants to the Lenders that it has no knowledge of any claims, counterclaims, offsets, or defenses to
or with respect to its obligations under the Credit Documents, or if such Credit Party has any such claims, counterclaims, offsets, or defenses to the Credit Documents or any transaction related to the Credit Documents, the same are hereby waived,
relinquished, and released in consideration of the execution of this Agreement. This acknowledgement and confirmation by the Credit Parties is made and delivered to induce the Administrative Agent and the Lenders to enter into this Agreement, and
each Credit Party acknowledges that the Administrative Agent and the Lenders would not enter into this Agreement in the absence of the acknowledgement and confirmation contained herein. 

Section 4. Representations and Warranties. Each Credit Party represents and warrants that: 

(a) As of the Restatement Effective Date, the representations and warranties made by such Credit Party in the Restated Credit Agreement
and the other Credit Documents are true and correct with the same effect as if made on the Restatement Effective Date, except to the extent such representations and warranties expressly relate to an earlier date (in which case such representations
and warranties are true and correct as of such earlier date). 
 (b) As of the Restatement Effective Date, both before and
immediately following the consummation of the transactions contemplated hereby, no Default or Event of Default has occurred and is continuing. 

Section 5. Conditions to Effectiveness. The effectiveness of this Agreement and the obligations of the Lenders under
the Restated Credit Agreement shall be subject to the satisfaction of each of the conditions precedent set forth in this Section 5. 

(a) The Administrative Agent shall have received the following, each dated as of the Restatement Effective Date (unless otherwise
specified) and in such number of copies as the Administrative Agent shall have requested: 
 (i) a counterpart of
this Agreement signed on behalf of each Credit Party and the Required Lenders under (and as defined in) the Existing Credit Agreement; 

(ii) the Guaranty, duly completed and executed by each Wholly-Owned Subsidiary (other than any Foreign Subsidiary to the
extent (and for as long as) doing so would cause adverse tax or regulatory consequences to the Borrower); and 

(iii) the favorable opinions of Locke Lord Bissell & Liddell LLP, special counsel to the Credit Parties in form
and substance reasonably satisfactory to the Administrative Agent. 
 (b) The Administrative Agent shall have received a
certificate, signed by an Authorized Officer of the Borrower, dated the Restatement Effective Date and in form and substance reasonably satisfactory to the Administrative Agent, certifying that (i) all representations and warranties of the
Credit Parties contained in this Agreement and the other Credit Documents qualified as to materiality are true and correct and those not so qualified are 

 
true and correct in all material respects, in each case as of the Restatement Effective Date, both immediately before and after giving effect to the transactions contemplated hereby (except to
the extent any such representation or warranty is expressly stated to have been made as of a specific date, in which case such representation or warranty shall be true and correct as of such date), (ii) no Default or Event of Default has
occurred and is continuing, both immediately before and after giving effect to the consummation of the transactions contemplated hereby, (iii) both immediately before and after giving effect to the consummation of the transactions contemplated
hereby, no Material Adverse Effect has occurred since December 31, 2008, and there exists no event, condition or state of facts that could reasonably be expected to result in a Material Adverse Effect, and (iv) all conditions to the
consummation of the transactions contemplated hereby have been satisfied or waived as required hereunder. 
 (c) The
Administrative Agent shall have received a certificate of the secretary or an assistant secretary of each Credit Party executing any Credit Documents dated the Restatement Effective Date and in form and substance reasonably satisfactory to the
Administrative Agent, certifying (i) that attached thereto is a true and complete copy of the articles or certificate of incorporation, certificate of formation or other organizational document and all amendments thereto of such Credit Party,
certified as of a recent date by the Secretary of State (or comparable Governmental Authority) of its jurisdiction of organization, and that the same has not been amended since the date of such certification, (ii) that attached thereto is a
true and complete copy of the bylaws, operating agreement or similar governing document of such Credit Party, as then in effect and as in effect at all times from the date on which the resolutions referred to in clause (iii) below were adopted
to and including the date of such certificate, (iii) that attached thereto is a true and complete copy of resolutions adopted by the board of directors (or similar governing body) of such Credit Party, authorizing the execution, delivery and
performance of this Agreement and the other Credit Documents to which it is a party, and (iv) as to the incumbency and genuineness of the signature of each officer of such Credit Party executing this Agreement or any of such other Credit
Documents, and attaching all such copies of the documents described above. 
 (d) The Administrative Agent shall have received a
certificate as of a recent date of the good standing of each Credit Party executing any Credit Documents as of the Restatement Effective Date, under the laws of its jurisdiction of organization, from the Secretary of State (or comparable
Governmental Authority) of such jurisdiction. 
 (e) All approvals, permits and consents of any Governmental Authorities or
other Persons required in connection with the execution and delivery of this Agreement and the other Credit Documents and the consummation of the transactions contemplated hereby shall have been obtained, without the imposition of conditions that
are materially adverse to the Administrative Agent or any Lender, and all related filings, if any, shall have been made, and all such approvals, permits, consents and filings shall be in full force and effect and the Administrative Agent shall have
received such copies thereof as it shall have reasonably requested; all applicable waiting periods shall have expired without any adverse action being taken or threatened by any Governmental Authority having jurisdiction; and no action, proceeding,
investigation, regulation or legislation shall have been instituted, threatened or proposed before, and no order, injunction or decree shall have been entered by, any court or other Governmental Authority, in each case to enjoin, restrain or
prohibit, to obtain substantial 

 
damages in respect of, or to impose materially adverse conditions upon, this Agreement or any of the other Credit Documents or that could reasonably be expected to have a Material Adverse Effect.

 (f) The Revolving Loans shall have been prepaid in full, together with all interest accrued and accruing thereon, and all
fees, costs, expenses and other charges relating thereto (including, without limitation, any amounts due under Section 2.17 of the Existing Credit Agreement) and the Revolving Credit Commitments of the Revolving Credit Lenders shall be
terminated so that the Borrower has no right to borrow Revolving Loans or Swingline Loans or request Letters of Credit. 
 (g)
Concurrently with the Restatement Effective Date, (i) all principal, interest and other amounts outstanding under the Borrower’s existing Credit Agreement, dated as of June 27, 2008, with Wachovia, as administrative agent, BofA, as
syndication agent and the lenders party thereto (the “Terminating Liquidity Credit Facility”), and (ii) all commitments to extend credit under the agreements and instruments relating to the Terminating Liquidity Facility and
all guarantees relating thereto shall be terminated; and the Administrative Agent shall have received evidence of the foregoing satisfactory to it. 

(h) Concurrently with the Restatement Effective Date, the Borrower and ICE US Trust LLC shall have entered into the Credit Agreement,
dated as of the date hereof, with Wachovia, as administrative agent, BofA, as syndication agent and the lenders party thereto, providing for a 364-day revolving credit facility in the aggregate principal amount of $300,000,000. 

(i) Concurrently with the Restatement Effective Date, the Borrower shall have entered into the Credit Agreement, dated as of the date
hereof, with Wachovia, as administrative agent, BofA, as syndication agent and the lenders party thereto, providing for a revolving credit facility in the aggregate principal amount of $100,000,000 and a term loan credit facility in the amount of
$200,000,000. 
 (j) Since December 31, 2008, both immediately before and after giving effect to the consummation of the
transactions contemplated hereby, there shall not have occurred (i) a Material Adverse Effect or (ii) any event, condition or state of facts that could reasonably be expected to have a Material Adverse Effect. 

(k) The Administrative Agent shall have received such other documents, certificates, opinions and instruments in connection with the
transactions contemplated hereby as it shall have reasonably requested. 
 The Administrative Agent shall notify the Borrower
and the Lenders of the Restatement Effective Date, and such notice shall be conclusive and binding. 
 Section 6.
Expenses. The Borrower agrees to reimburse the Administrative Agent for the out-of-pocket expenses incurred by it in connection with this Agreement and the Restated Credit Agreement, including the reasonable fees, charges and
disbursements of counsel for the Administrative Agent. 

 Section 7. Counterparts; Amendments. This Agreement may not be amended
nor may any provision hereof be waived except pursuant to a writing signed by the Credit Parties, the Administrative Agent and the Required Lenders. 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 a single agreement. Delivery of an executed counterpart of a signature page of this Agreement by facsimile or other electronic transmission shall be effective as delivery of a manually
executed counterpart of this Agreement. 
 Section 8. Notices. All notices hereunder shall be given in
accordance with the provisions of Section 10.4 of the Restated Credit Agreement. 
 Section 9. Applicable Law;
Waiver of Jury Trial. 
 (a) This Agreement shall be governed by, and construed in accordance with, the law of the State
of New York (including Sections 5-1401 and 5-1402 of the New York General Obligations Law, but excluding all other choice of law and conflicts of law rules). 

(b) Each Credit Party irrevocably and unconditionally submits, for itself and its property, to the nonexclusive jurisdiction of 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, in any action or proceeding arising out of or relating to this
Agreement, or for recognition or enforcement of any judgment, and each of the parties hereto irrevocably and unconditionally agrees that all claims in respect of any such action or proceeding may be heard and determined in such 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 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 or any Lender may otherwise have to bring any action or proceeding relating to this Agreement against any Credit Party or any of its
respective properties in the courts of any jurisdiction. 
 Section 10. Headings. The Section headings 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. 

 Exhibit 10.2 

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

			
	 BORROWER:

	
	 INTERCONTINENTALEXCHANGE, INC.

		
	By:	 	 /s/ Scott A. Hill

	Name:	 	Scott A. Hill
	Title:	 	Senior Vice President, Chief Financial Officer
	
	 Guarantors:

	
	 IntercontinentalExchange International, Inc.

		
	By:	 	 /s/ Scott A. Hill

	Name:	 	Scott A. Hill
	Title:	 	President and Treasurer
	
	 ICE Markets, Inc.

		
	By:	 	 /s/ Scott A. Hill

	Name:	 	Scott A. Hill
	Title:	 	President
	
	 ICE Data, LP

	 GENERAL PARTNER:

	 ICE Data Management Group, LLC

		
	By:	 	 /s/ Scott A. Hill

	Name:	 	Scott A. Hill
	Title:	 	Manager
	
	 ICE Data Management Group, LLC

		
	By:	 	 /s/ Scott A. Hill

	Name:	 	Scott A. Hill
	Title:	 	Manager
	
	 ICE Data Investment Group, LLC

		
	By:	 	 /s/ Scott A. Hill

	Name:	 	Scott A. Hill
	Title:	 	Manager

			
	 Chatham Energy, LLC

		
	By:	 	 /s/ Scott A. Hill

	Name:	 	Scott A. Hill
	Title:	 	Manager
	
	 YellowJacket, Inc.

		
	By:	 	 /s/ Scott A. Hill

	Name:	 	Scott A. Hill
	Title:	 	President and Treasurer
	
	 Creditex Holdco, LLC

		
	By:	 	 /s/ Scott A. Hill

	Name:	 	Scott A. Hill
	Title:	 	President and Treasurer
	
	 ICE US Holding Company GP LLC

		
	By:	 	 /s/ Scott A. Hill

	Name:	 	Scott A. Hill
	Title:	 	President and Treasurer
	
	 ICE Futures U.S., Inc.

		
	By:	 	 /s/ Thomas Farley

	Name:	 	Thomas Farley
	Title:	 	President
	
	 eCOPS, LLC

		
	By:	 	 /s/ Thomas Farley

	Name:	 	Thomas Farley
	Title:	 	President
	
	 ICE Clear US, Inc.

		
	By:	 	 /s/ Thomas J. Hammond

	Name:	 	Thomas J. Hammond
	Title:	 	President and COO
	
	 New York Futures Exchange, Inc.

		
	By:	 	 /s/ Thomas J. Hammond

	Name:	 	Thomas J. Hammond
	Title:	 	President and COO

			
	 Creditex Group Inc.

		
	By:	 	 /s/ John Grifonetti

	Name:	 	John Grifonetti
	Title:	 	President
	
	 T-Zero Processing

		
	By:	 	 /s/ Mark Beeston

	Name:	 	Mark Beeston
	Title:	 	President
	
	 Creditex LLC

		
	By:	 	 /s/ John Grifonetti

	Name:	 	John Grifonetti
	Title:	 	President and COO
	
	 CreditTrade Inc.

		
	By:	 	 /s/ John Grifonetti

	Name:	 	John Grifonetti
	Title:	 	President and COO
	
	 Creditex Securities Corporation

		
	By:	 	 /s/ John Grifonetti

	Name:	 	John Grifonetti
	Title:	 	COO

					
	 WACHOVIA BANK, NATIONAL ASSOCIATION, as Administrative Agent, Swingline Lender and as a Lender

		
	By:	 	 /s/ G. Mendel Lay, Jr.

		 	Name:	 	G. Mendel Lay, Jr.
		 	Title:	 	Senior Vice President
	
	 BANK OF AMERICA, N.A., as Syndication Agent and a Lender

		
	By:	 	 /s/ Mark A. Phillips

		 	Name:	 	Mark A. Phillips
		 	Title:	 	Senior Vice President
	
	 SOCIETE GENERALE, as Documentation Agent and as a Lender

		
	By:	 	 /s/ Ambrish Thanawala

		 	Name:	 	Ambrish Thanawala
		 	Title:	 	Managing Director
	
	 CHANG HWA COMMERCIAL BANK, LTD.,

NEW YORK BRANCH, as a Lender

		
	By:	 	 /s/ Jim C.Y. Chen

		 	Name:	 	Jim C.Y. Chen
		 	Title:	 	V.P. & General Manager
	
	 THE BANK OF TOKYO-MITSUBISHI UFJ,

LTD., NEW YORK BRANCH, as Documentation Agent and as a Lender

		
	By:	 	 /s/ Chimie T. Pemba

		 	Name:	 	Chimie T. Pemba
		 	Title:	 	Authorized Signatory
	
	 THE BANK OF NOVA SCOTIA, as a Lender

		
	By:	 	 /s/ David Mahmood

		 	Name:	 	David Mahmood
		 	Title:	 	Managing Director
	
	 TAIPEI FUBON, as a Lender

		
	By:	 	 /s/ Michael Tan

		 	Name:	 	Michael Tan
		 	Title:	 	VP & General Manager

					
	 FIRST COMMERCIAL BANK NEW YORK AGENCY, as a Lender

		
	By:	 	 /s/ Yu-Mei Hsiao

		 	Name:	 	Yu-Mei Hsiao
		 	Title:	 	Assistant General Manager
	
	 BMO CAPITAL MARKETS FINANCING INC., as Documentation Agent and as a Lender

		
	By:	 	 /s/ Linda C. Haven

		 	Name:	 	Linda C. Haven
		 	Title:	 	Managing Director
	
	 COMERICA BANK, as a Lender

		
	By:	 	 /s/ Scott M. Kowalski

		 	Name:	 	Scott M. Kowalski
		 	Title:	 	Vice President
	
	 HUA NAN COMMERCIAL, as a Lender

		
	By:	 	 /s/ Henry Hsieh

		 	Name:	 	Henry Hsieh
		 	Title:	 	Assistant Vice President
	
	 E. SUN COMMERCIAL BANK, LTD., LOS ANGELES BRACH, as a Lender

		
	By:	 	 /s/ Benjamin Lin

		 	Name:	 	Benjamin Lin
		 	Title:	 	EVP & General Manager
	
	 MIZUHO CORPORATE BANK, LTD., as Managing Agent and as a Lender

		
	By:	 	 /s/ Toru Inoue

		 	Name:	 	Toru Inoue
		 	Title:	 	Deputy General Manager
	
	 RBC BANK (USA), as a Lender

		
	By:	 	 /s/ James R. Pryor

		 	Name:	 	James R. Pryor
		 	Title:	 	Managing Director

 Exhibit A 

AMENDED AND RESTATED CREDIT AGREEMENT 

among 

INTERCONTINENTALEXCHANGE, INC., 

as Borrower, 
 THE
LENDERS NAMED HEREIN, 
 WACHOVIA BANK, NATIONAL ASSOCIATION, 

as Administrative Agent, 

BANK OF AMERICA, N.A., 

as Syndication Agent, 

BMO CAPITAL MARKETS FINANCING INC., 

THE BANK OF TOKYO-MITSUBISHI UFJ, LTD. NEW YORK BRANCH, 

and 
 SOCIETE
GENERALE, 
 as Documentation Agents, 

and 
 COMERZBANK
AKTIENGESELLSCHAFT NEW YORK 
 AND GRAND CAYMAN BRANCHES, 

and 
 MIZUHO
CORPORATE BANK, LTD., 
 as Managing Agents 

$175,000,000 Senior Term Loan Facility 

WACHOVIA CAPITAL MARKETS, LLC 

and 
 BANC OF
AMERICA SECURITIES LLC 
 Joint Lead Arrangers and Joint Book Runners 

Dated as of January 12, 2007, 

As Amended and Restated as of April 9, 2009 
  

 
  

 TABLE OF CONTENTS (10.2) 

 

					
	ARTICLE I
	
	DEFINITIONS
			
	1.1	    	Defined Terms	  	1
	1.2	    	Accounting Terms	  	20
	1.3	    	Other Terms; Construction	  	20
	
	ARTICLE II
	
	AMOUNT AND TERMS OF THE LOANS
			
	2.1	    	Loans	  	22
	2.2	    	Evidence of Debt; Term Notes	  	22
	2.3	    	Mandatory Payments	  	23
	2.4	    	Voluntary Prepayments	  	24
	2.5	    	Interest	  	24
	2.6	    	Fees	  	26
	2.7	    	Interest Periods	  	26
	2.8	    	Conversions and Continuations	  	27
	2.9	    	Method of Payments; Computations; Apportionment of Payments	  	28
	2.10	    	Recovery of Payments	  	31
	2.11	    	Pro Rata Treatment	  	31
	2.12	    	Increased Costs; Change in Circumstances; Illegality	  	32
	2.13	    	Taxes	  	34
	2.14	    	Compensation	  	37
	2.15	    	Replacement of Lenders; Mitigation of Costs	  	37
	
	ARTICLE III
	
	[RESERVED]
	
	ARTICLE IV
	
	REPRESENTATIONS AND WARRANTIES
			
	4.1	    	Corporate Organization and Power	  	39
	4.2	    	Authorization; Enforceability	  	39
	4.3	    	No Violation	  	39
	4.4	    	Governmental and Third-Party Authorization; Permits	  	40
	4.5	    	Litigation	  	40
	4.6	    	Taxes	  	40
	4.7	    	Subsidiaries	  	40
	4.8	    	Full Disclosure	  	41

  

 i 

					
	4.9	    	Margin Regulations	  	41
	4.10	    	No Material Adverse Effect	  	41
	4.11	    	Financial Matters	  	41
	4.12	    	Ownership of Properties	  	42
	4.13	    	ERISA	  	43
	4.14	    	Environmental Matters	  	43
	4.15	    	Compliance with Laws	  	43
	4.16	    	Intellectual Property	  	43
	4.17	    	Regulated Industries	  	44
	4.18	    	Insurance	  	44
	4.19	    	Material Contracts	  	44
	4.20	    	No Burdensome Restrictions	  	44
	4.21	    	OFAC; Anti-Terrorism Laws	  	44
	
	ARTICLE V
	
	AFFIRMATIVE COVENANTS
			
	5.1	    	Financial Statements	  	45
	5.2	    	Other Business and Financial Information	  	47
	5.3	    	Compliance with All Material Contracts	  	49
	5.4	    	Existence; Franchises; Maintenance of Properties	  	49
	5.5	    	[Reserved]	  	49
	5.6	    	Compliance with Laws	  	49
	5.7	    	Payment of Obligations	  	50
	5.8	    	Insurance	  	50
	5.9	    	Maintenance of Books and Records; Inspection	  	50
	5.10	    	Permitted Acquisitions	  	50
	5.11	    	Creation or Acquisition of Subsidiaries	  	52
	5.12	    	OFAC, PATRIOT Act Compliance	  	52
	5.13	    	Further Assurances	  	52
	
	ARTICLE VI
	
	FINANCIAL COVENANTS
			
	6.1	    	Maximum Total Leverage Ratio	  	52
	6.2	    	Minimum Interest Coverage Ratio	  	53
	
	ARTICLE VII
	
	NEGATIVE COVENANTS
			
	7.1	    	Merger; Consolidation	  	53
	7.2	    	Indebtedness	  	53
	7.3	    	Liens	  	55
	7.4	    	Asset Dispositions	  	57
	7.5	    	Acquisitions	  	57

  

 ii 

					
	7.6	    	Restricted Payments	  	58
	7.7	    	Transactions with Affiliates	  	58
	7.8	    	Lines of Business	  	59
	7.9	    	Limitation on Certain Restrictions	  	59
	7.10	    	No Other Negative Pledges	  	59
	7.11	    	Investments in Subsidiaries	  	60
	7.12	    	Fiscal Year	  	60
	7.13	    	Accounting Changes	  	60
	
	ARTICLE VIII
	
	EVENTS OF DEFAULT
			
	8.1	    	Events of Default	  	60
	8.2	    	Remedies: Acceleration, etc.	  	63
	8.3	    	Remedies: Set-Off	  	63
	
	ARTICLE IX
	
	THE ADMINISTRATIVE AGENT
			
	9.1	    	Appointment and Authority	  	64
	9.2	    	Rights as a Lender	  	64
	9.3	    	Exculpatory Provisions	  	64
	9.4	    	Reliance by Administrative Agent	  	65
	9.5	    	Delegation of Duties	  	65
	9.6	    	Resignation of Administrative Agent	  	65
	9.7	    	Non-Reliance on Administrative Agent and Other Lenders	  	66
	9.8	    	No Other Duties, Etc	  	66
	9.9	    	Guaranty Matters	  	67
	
	ARTICLE X
	
	MISCELLANEOUS
			
	10.1	    	Expenses; Indemnity; Damage Waiver	  	67
	10.2	    	Governing Law; Submission to Jurisdiction; Waiver of Venue; Service of Process	  	69
	10.3	    	Waiver of Jury Trial	  	69
	10.4	    	Notices; Effectiveness; Electronic Communication	  	70
	10.5	    	Amendments, Waivers, etc.	  	71
	10.6	    	Successors and Assigns	  	72
	10.7	    	No Waiver	  	76
	10.8	    	Survival	  	76
	10.9	    	Severability	  	76
	10.10	    	Construction	  	76
	10.11	    	Confidentiality	  	76
	10.12	    	Counterparts; Integration; Effectiveness	  	77

  

 iii 

					
	10.13	    	Disclosure of Information	  	77
	10.14	    	USA Patriot Act Notice	  	78

  

			
	 EXHIBITS

		
	Exhibit A-1	  	Form of Term Note
	Exhibit B-3	  	Form of Notice of Conversion/Continuation
	Exhibit C	  	Form of Compliance Certificate
	Exhibit D	  	Form of Assignment and Assumption
	Exhibit E	  	[Reserved]
	Exhibit F	  	[Reserved]
	
	 SCHEDULES

		
	Schedule 1.1(a)	  	Loans and Notice Addresses
	Schedule 4.1	  	Jurisdictions of Organization
	Schedule 4.4	  	Consents and Approvals
	Schedule 4.5	  	Litigation Matters
	Schedule 4.7	  	Subsidiaries
	Schedule 4.19	  	Material Contracts
	Schedule 7.2	  	Indebtedness
	Schedule 7.3	  	Liens
	Schedule 7.7	  	Transactions with Affiliates

  

 iv 

 AMENDED AND RESTATED CREDIT AGREEMENT 

THIS AMENDED AND RESTATED CREDIT AGREEMENT, dated as of January 12, 2007, as amended by the First Amendment to Credit
Agreement, dated as of August 24, 2007 and the Second Amendment to Credit Agreement, dated as of June 13, 2008, and as amended and restated as of the 9th day of April, 2009, is made among INTERCONTINENTALEXCHANGE, INC., a Delaware
corporation (the “Borrower”), the Lenders (as hereinafter defined), WACHOVIA BANK, NATIONAL ASSOCIATION, as Administrative Agent (as hereinafter defined) for the Lenders (“Wachovia”), and BANK OF AMERICA,
N.A., as Syndication Agent for the Lenders (“BofA”). 
 BACKGROUND STATEMENT 

The Borrower, the Lenders, Wachovia and BofA are parties to that certain Credit Agreement, dated as of January 12, 2007, as amended
by the First Amendment to Credit Agreement, dated as of August 24, 2007 and the Second Amendment to Credit Agreement, dated as of June 13, 2008 (the “Original Credit Agreement”) providing for a term loan facility in the
aggregate principal amount of $250,000,000 and a revolving credit facility in the aggregate principal amount of $250,000,000. Pursuant to the Restatement Agreement, the Original Credit Agreement is being amended and restated in the form hereof.

 AGREEMENT 

NOW, THEREFORE, in consideration of the mutual provisions, covenants and agreements herein contained, the parties hereto hereby
agree as follows: 
 ARTICLE II 

DEFINITIONS 

1.1 Defined Terms. For purposes of this Agreement, in addition to the terms defined elsewhere herein, the following terms have the
meanings set forth below (such meanings to be equally applicable to the singular and plural forms thereof): 

“Acquisition” means any transaction or series of related transactions, consummated on or after the date hereof, by which
the Borrower directly, or indirectly through one or more Subsidiaries, (i) acquires any going business, division thereof or line of business, or all or substantially all of the assets, of any Person, whether through purchase of assets, merger
or otherwise, or (ii) acquires Capital Stock of any Person having at least a majority of Total Voting Power of the then outstanding Capital Stock of such Person. 

 

 1 

 “Acquisition Amount” means, with respect to any Acquisition, the sum
(without duplication) of (i) the amount of cash paid as purchase price by the Borrower and its Subsidiaries in connection with such Acquisition, (ii) the value of all Capital Stock issued or given as purchase price by the Borrower and its
Subsidiaries in connection with such Acquisition (as determined by the parties thereto under the definitive acquisition agreement), (iii) the amount (determined by using the face amount or the amount payable at maturity, whichever is greater)
of all Indebtedness incurred, assumed or acquired by the Borrower and its Subsidiaries in connection with such Acquisition, (iv) all amounts paid in respect of noncompetition agreements, consulting agreements and similar arrangements entered
into in connection with such Acquisition, (v) all amounts paid in respect of any earnout obligations or similar deferred or contingent purchase price obligations of the Borrower or any of its Subsidiaries incurred or created in connection with
such Acquisition and (vi) the aggregate fair market value of all other real, mixed or personal property paid as purchase price by the Borrower and its Subsidiaries in connection with such Acquisition. 

“Adjusted Base Rate” means, at any time with respect to any Base Rate Loan, a rate per annum equal to the Base Rate as
in effect at such time plus the Applicable Percentage for Base Rate Loans as in effect at such time. 
 “Adjusted LIBOR
Rate” means, at any time with respect to any LIBOR Loan, a rate per annum equal to the LIBOR Rate as in effect at such time plus the Applicable Percentage for LIBOR Loans as in effect at such time. 

“Administrative Agent” means Wachovia, in its capacity as Administrative Agent appointed under Section 9.1,
and its successors and permitted assigns in such capacity. 
 “Administrative Questionnaire” means, with
respect to each Lender, the administrative questionnaire in the form submitted to such Lender by the Administrative Agent and returned to the Administrative Agent duly completed by such Lender. 

“Affiliate” means, with respect to a specified Person, another Person that directly, or indirectly through one or more
intermediaries, Controls or is Controlled by or is under common Control with the Person specified. Notwithstanding the foregoing, neither the Administrative Agent nor any Lender shall be deemed an “Affiliate” of any Credit Party.

 “Agreement” means this Credit Agreement, as amended, modified, restated or supplemented from time to time in
accordance with its terms. 
  

 2 

 “Applicable Percentage” means, at any time from and after the Restatement
Effective Date, the applicable percentage (i) to be added to the Base Rate for purposes of determining the Adjusted Base Rate, and (ii) to be added to the LIBOR Rate for purposes of determining the Adjusted LIBOR Rate, as determined under
the following matrix with reference to the Total Leverage Ratio, but subject to Section 5.1(c): 
  

									
	 Tier
	  	 Total Leverage Ratio
	  	Applicable
LIBOR

Margin	 	 	Applicable
Base
Rate
Margin	 
				
	I	  	Less than 1.0 to 1.0	  	2.50	% 	 	1.50	% 
				
	II	  	Less than 1.50 to 1.0 but greater than or equal to 1.0 to 1.0	  	3.00	% 	 	2.00	% 
				
	III	  	Less than 2.0 to 1.0 but greater than or equal to 1.50 to 1.0	  	3.50	% 	 	2.50	% 
				
	IV	  	Greater than or equal to 2.0 to 1.0	  	4.50	% 	 	3.50	% 

 On each
Adjustment Date (as hereinafter defined), the Applicable Percentage for all Loans shall be adjusted effective as of such Adjustment Date (based upon the calculation of the Total Leverage Ratio as of the last day of the Reference Period to which such
Adjustment Date relates) in accordance with the above matrix; provided, however, that, notwithstanding the foregoing or anything else herein to the contrary, if at any time the Borrower shall have failed to deliver any of the financial
statements as required by Sections 5.1(a) or 5.1(b), as the case may be, or the Compliance Certificate as required by Section 5.2(a), then at all times from and including the date on which such statements and
Compliance Certificate are required to have been delivered until the date on which the same shall have been delivered, each Applicable Percentage shall be determined based on Tier IV above (notwithstanding the actual Total Leverage Ratio). For
purposes of this definition, “Adjustment Date” means, with respect to any Reference Period of the Borrower beginning with the Reference Period ending as of the last day of the first fiscal quarter of fiscal year 2007, the day (or,
if such day is not a Business Day, the next succeeding Business Day) of delivery by the Borrower in accordance with Section 5.1(a) or Section 5.1(b), as the case may be, of (i) financial statements as of the end of and
for such Reference Period and (ii) a duly completed Compliance Certificate with respect to such Reference Period. From the Restatement Effective Date until the first Adjustment Date requiring a change in any Applicable Percentage as provided
herein, each Applicable Percentage shall be based on Tier I above. 
 “Applicable Period” has the meaning set
forth in Section 5.1(c). 
 “Approved Fund” means any Fund that is administered or managed by
(i) a Lender, (ii) an Affiliate of a Lender, or (iii) a Person (or an Affiliate of a Person) that administers or manages a Lender. 

“Arrangers” mean Wachovia Capital Markets, LLC, Banc of America Securities LLC and their respective successors.

  

 3 

 “Asset Disposition” means any sale, assignment, lease, conveyance, transfer
or other disposition by the Borrower or any of its Subsidiaries (whether in one or a series of transactions) of all or any of its assets, business or other properties (including Capital Stock of Subsidiaries). 

“Assignment and Assumption” means an Assignment and Assumption entered into by a Lender and an assignee (with the
consent of any party whose consent is required by Section 10.6(b)), and accepted by the Administrative Agent, in substantially the form of Exhibit D or any other form approved by the Administrative Agent. 

“Authorized Officer” means, with respect to any action specified herein to be taken by or on behalf of a Credit Party,
any officer of such Credit Party duly authorized by resolution of its board of directors or other governing body to take such action on its behalf, and whose signature and incumbency shall have been certified to the Administrative Agent by the
secretary or an assistant secretary of such Credit Party. 
 “Bankruptcy Code” means 11 U.S.C.
§§ 101 et seq., as amended from time to time, and any successor statute. 
 “Bankruptcy
Event” means the occurrence of an event specified in Section 8.1(f) or Section 8.1(g). 

“Base Rate” means the highest of (i) the per annum interest rate publicly announced from time to time by Wachovia
in Charlotte, North Carolina, to be its prime rate (which may not necessarily be its lowest or best lending rate), as adjusted to conform to changes as of the opening of business on the date of any such change in such prime rate, (ii) the
Federal Funds Rate plus 0.5% per annum, as adjusted to conform to changes as of the opening of business on the date of any such change in the Federal Funds Rate, and (iii) the LIBOR Rate for an Interest Period of 1 month plus 1.50%, as
adjusted to conform to changes as of the opening of business on the date of any such change of such LIBOR Rate. 
 “Base
Rate Loan” means, at any time, any Loan that bears interest at such time at the applicable Adjusted Base Rate. 

“BofA” means Bank of America, N.A. 

“Borrower” has the meaning given to such term in the introductory paragraph hereof. 

“Borrowing” means the incurrence by the Borrower as a result of conversions and continuations of outstanding Loans
pursuant to Section 2.8, on a single date of a group of Loans of a single Type and, in the case of LIBOR Loans, as to which a single Interest Period is in effect. 

“Business Day” means (i) any day other than a Saturday or Sunday, a legal holiday or a day on which commercial
banks in Charlotte, North Carolina or New York, New York are authorized or required by law to be closed and (ii) in respect of any determination relevant to a LIBOR Loan, any such day that is also a day on which trading in Dollar deposits is
conducted by banks in London, England in the London interbank Eurodollar market. 
  

 4 

 “Capital Expenditures” means, for any period, the aggregate amount (whether
paid in cash or accrued as a liability) that would, in accordance with GAAP, be included on the consolidated statement of cash flows of the Borrower and its Subsidiaries for such period as additions to equipment, fixed assets, real property or
improvements or other capital assets (including, without limitation, Capital Lease Obligations); provided, however, that Capital Expenditures shall not include any such expenditures (i) for replacements and substitutions for
capital assets, to the extent made with the proceeds of insurance, (ii) for replacements and substitutions for capital assets, to the extent made with proceeds from the sale, exchange or other disposition of assets as permitted under
Sections 7.4(i) or 7.4(iii), or (iii) included within the Acquisition Amount of any Permitted Acquisition. 

“Capital Lease” means, with respect to any Person, any lease of property (whether real, personal or mixed) by such
Person as lessee that is or is required to be, in accordance with GAAP, recorded as a capital lease on such Person’s balance sheet. 

“Capital Lease Obligations” means, with respect to any Person, the obligations of such Person to pay rent or other
amounts under any Capital Lease of such Person, and the amount of such obligations shall be the capitalized amount thereof determined in accordance with GAAP. 

“Capital Stock” means (i) with respect to any Person that is a corporation, any and all shares, interests or
equivalents in capital stock (whether voting or nonvoting, and whether common or preferred) of such corporation, and (ii) with respect to any Person that is not a corporation, any and all partnership, membership, limited liability company or
other equity interests of such Person; and in each case under clauses (i) and (ii), any and all warrants, rights or options to purchase any of the foregoing or any securities convertible into or exchangeable for any of the foregoing.

 “Capitalized Software Development Costs” means those capitalized costs both internal and external, direct
and incremental incurred related to software developed or obtained for internal use in accordance with AICPA Statement of Position 98-1 “Accounting for Costs of Computer Software Developed or Obtained for Internal Use.” 

“Cash Equivalents” means (i) securities issued or unconditionally guaranteed or insured by the United States of
America or any agency or instrumentality thereof, backed by the full faith and credit of the United States of America and maturing within one year from the date of acquisition, (ii) commercial paper issued by any Person organized under the laws
of the United States of America, maturing within 180 days from the date of acquisition and, at the time of acquisition, having a rating of at least A-1 or the equivalent thereof by Standard & Poor’s Ratings Services or at least P-1 or
the equivalent thereof by Moody’s Investors Service, Inc., (iii) time deposits and certificates of deposit maturing within 180 days from the date of issuance and issued by a bank or trust company organized under the laws of the United
States of America or any state thereof (y) that has combined capital and surplus of at least $500,000,000 or (z) that has (or is a subsidiary of a bank holding company that has) a long-term unsecured debt rating of at least A or the
equivalent thereof by Standard & Poor’s Ratings Services or at least A2 or the equivalent thereof by Moody’s Investors Service, Inc., (iv) repurchase obligations with a term not exceeding thirty (30) days with respect to
underlying securities of the types described in clause (i) above entered into with any bank or trust company meeting the qualifications specified in clause (iii) above, and (v) money market funds at least ninety-five percent
(95%) of the assets of which are continuously invested in securities of the foregoing types. 
  

 5 

 “Change in Law” means the occurrence, after the date of this Agreement, of
any of the following: (i) the adoption or taking effect of any law, rule, regulation or treaty, (ii) any change in any law, rule, regulation or treaty or in the administration, interpretation or application thereof by any Governmental
Authority or (iii) the making or issuance of any request, guideline or directive (whether or not having the force of law) by any Governmental Authority. 

“Change of Control” means (i) any Person or group of Persons acting in concert as a partnership or other group
shall have become, as a result of a tender or exchange offer, open market purchases, privately negotiated purchases or otherwise, the beneficial owner of outstanding Capital Stock of the Borrower having 35% or more of the Total Voting Power of the
Borrower, or (ii) the occupation of a majority of the seats (other than vacant seats) on the board of directors of the Borrower by Persons who were neither (a) nominated by the board of directors of the Borrower nor (b) appointed by
directors so nominated. 
 “Closing Date” means January 12, 2007. 

“Code” means the Internal Revenue Code of 1986, as amended from time to time, and any successor statute, and all rules
and regulations from time to time promulgated thereunder. 
 “Compliance Certificate” means a fully completed
and duly executed certificate in the form of Exhibit C, together with a Covenant Compliance Worksheet. 

“Consolidated EBITDA” means, for any Reference Period, the aggregate of (i) Consolidated Net Income for such
period, plus (ii) the sum of (A) interest expense, (B) federal, state, local and other income taxes, (C) depreciation and amortization of intangible assets, and (D) extraordinary losses or charges, all to the extent
taken into account in the calculation of Consolidated Net Income for such Reference Period and all calculated in accordance with GAAP, minus (iii) the sum of (A) extraordinary gains or income and (B) noncash credits increasing
income for such period, all to the extent taken into account in the calculation of Consolidated Net Income for such period. 

“Consolidated Interest Expense” means, for any Reference Period, the sum (without duplication) of (i) total
interest expense of the Borrower and its Subsidiaries for such Reference Period in respect of Total Funded Debt (including, without limitation, all such interest expense accrued or capitalized during such Reference Period, whether or not actually
paid during such Reference Period), determined on a consolidated basis in accordance with GAAP, and (ii) all recurring unused commitment fees and other ongoing fees in respect of Total Funded Debt paid, accrued or capitalized by the Borrower
and its Subsidiaries during such Reference Period. 
 “Consolidated Net Income” means, for any Reference
Period, net income (or loss) for the Borrower and its Subsidiaries for such Reference Period, determined on a consolidated basis in accordance with GAAP (after deduction for minority interests); provided that, in making such determination,
there shall be excluded (i) the net income of any other Person that is not a Subsidiary of the Borrower (or is accounted for by the Borrower by the equity method of accounting) except to the extent of actual payment of cash dividends or
distributions by such 
  

 6 

 
Person to the Borrower or any Subsidiary of the Borrower during such period, (ii) the net income (or loss) of any other Person acquired by, or merged with, the Borrower or any of its
Subsidiaries for any period prior to the date of such acquisition, and (iii) the net income of any Subsidiary of the Borrower to the extent that the declaration or payment of dividends or similar distributions by such Subsidiary of such net
income is not at the time permitted by operation of the terms of its charter, certificate of incorporation or formation or other constituent document or any agreement or instrument (other than a Credit Document) or Requirement of Law applicable to
such Subsidiary. 
 “Control” means, with respect to any Person, (i) the possession, direct or indirect,
of the power to direct or cause the direction of the management and policies of such Person, whether through the ownership of voting securities, by contract or otherwise, or (ii) the beneficial ownership of securities or other ownership
interests of such Person having 10% or more of the combined voting power of the then outstanding securities or other ownership interests of such Person ordinarily (and apart from rights accruing under special circumstances) having the right to vote
in the election of directors or other governing body of such Person; and the terms “Controlled” and “Controlling” have correlative meanings. 

“Covenant Compliance Worksheet” means a fully completed worksheet in the form of Attachment A to
Exhibit C. 
 “Credit Documents” means this Agreement, the Restatement Agreement, the Term Notes,
the Fee Letters, the Guaranty, and all other agreements, instruments, documents and certificates now or hereafter executed and delivered to the Administrative Agent or any Lender by or on behalf of the Borrower or any other Credit Party with respect
to this Agreement, in each case as amended, modified, supplemented or restated from time to time. 
 “Credit
Parties” means the Borrower, each of the Subsidiary Guarantors, and their respective successors. 
 “Debtor
Relief Laws” means the Bankruptcy Code, and all other liquidation, conservatorship, bankruptcy, assignment for the benefit of creditors, moratorium, rearrangement, receivership, insolvency, reorganization, or similar debtor relief laws of
the United States or other applicable jurisdictions from time to time in effect and affecting the rights of creditors generally. 

“Default” means any event or condition that, with the passage of time or giving of notice, or both, would constitute an
Event of Default. 
 “Defaulting Lender” means any Lender, as determined in good faith by the Administrative
Agent, that (i) has failed (which failure has not been cured) to fund any Loan, (ii) has notified the Borrower or the Administrative Agent in writing that it does not intend to comply with any of its funding obligations under this
Agreement or has made a public statement to the effect that it does not intend to comply with its funding obligations under this Agreement or generally under other agreements in which it commits to extend credit, (iii) has failed, within three
Business Days after request by the Administrative Agent, to confirm that it will comply with the terms of this Agreement relating to its obligations to fund prospective Loans, (iv) has 

 

 7 

 
failed to pay to the Administrative Agent or any Lender when due an amount owed by such Lender pursuant to the terms of this Agreement, unless such amount is subject to a good faith dispute or
such failure has been cured, or (v) (a) has become or is insolvent or has a parent company that has become or is insolvent or (b) has become the subject of a proceeding under any Debtor Relief Law, or has had a receiver, conservator,
trustee or custodian appointed for it, or has taken any action in furtherance of, or indicating its consent to, approval of or acquiescence in any such proceeding or appointment or has a parent company that has become the subject of a proceeding
under any Debtor Relief Law, or has had a receiver, conservator, trustee or custodian appointed for it, or has taken any action in furtherance of, or indicating its consent to, approval of or acquiescence in any such proceeding or appointment.

 “Disqualified Capital Stock” means, with respect to any Person, any Capital Stock of such Person that, by
its terms (or by the terms of any security into which it is convertible or for which it is exchangeable), or upon the happening of any event or otherwise, (i) matures or is mandatorily redeemable or subject to any mandatory repurchase
requirement, pursuant to a sinking fund obligation or otherwise, (ii) is redeemable or subject to any mandatory repurchase requirement at the sole option of the holder thereof, or (iii) is convertible into or exchangeable for (whether at
the option of the issuer or the holder thereof) (y) debt securities or (z) any Capital Stock referred to in (i) or (ii) above, in each case under (i), (ii) or (iii) above at any time on or prior to the first anniversary
of the Maturity Date; provided, however, that only the portion of Capital Stock that so matures or is mandatorily redeemable, is so redeemable at the option of the holder thereof, or is so convertible or exchangeable on or prior to
such date shall be deemed to be Disqualified Capital Stock. 
 “Dollars” or “$” means dollars
of the United States of America. 
 “Domestic Subsidiary” means any Subsidiary of the Borrower organized under
the laws of any jurisdiction within the United States. 
 “Environmental Claims” means any and all
administrative, regulatory or judicial actions, suits, demands, demand letters, claims, liens, allegations, notices of noncompliance or violation, investigations by a Governmental Authority, or proceedings (including, without limitation,
administrative, regulatory and judicial proceedings) relating in any way to any Hazardous Substance, any actual or alleged violation of or liability under any Environmental Law or any permit issued, or any approval given, under any Environmental Law
(collectively, “Claims”), including, without limitation, (i) any and all Claims by Governmental Authorities for enforcement, cleanup, removal, response, remedial or other actions or damages pursuant to any applicable
Environmental Law and (ii) any and all Claims by any third party seeking damages, contribution, indemnification, cost recovery, compensation or injunctive relief resulting from any Hazardous Substance or arising from alleged injury or threat of
injury to human health or the environment. 
 “Environmental Laws” means any and all federal, state and local
laws, statutes, ordinances, rules, regulations, permits, licenses, approvals, rules of common law and orders of courts or Governmental Authorities, relating to the protection of human health, occupational safety with respect to exposure to Hazardous
Substances, or the environment, now or hereafter in effect, and in each case as amended from time to time, including, without limitation, 

 

 8 

 
requirements pertaining to the manufacture, processing, distribution, use, treatment, storage, disposal, transportation, handling, reporting, licensing, permitting, investigation or remediation
of Hazardous Substances. 
 “ERISA” means the Employee Retirement Income Security Act of 1974, as amended from
time to time, and any successor statute, and all rules and regulations from time to time promulgated thereunder. 

“ERISA Affiliate” means any Person (including any trade or business, whether or not incorporated) deemed to be under
“common control” with, or a member of the same “controlled group” as, the Borrower or any of its Subsidiaries, within the meaning of Sections 414(b), (c), (m) or (o) of the Code or Section 4001 of ERISA.

 “ERISA Event” means any of the following with respect to a Plan or Multiemployer Plan, as applicable:
(i) a Reportable Event, (ii) a complete or partial withdrawal by the Borrower or any ERISA Affiliate from a Multiemployer Plan that results in liability under Section 4201 or 4204 of ERISA, or the receipt by the Borrower or any ERISA
Affiliate of notice from a Multiemployer Plan that it is in reorganization or insolvency pursuant to Section 4241 or 4245 of ERISA or that it intends to terminate or has terminated under Section 4041A of ERISA, (iii) the distribution
by the Borrower or any ERISA Affiliate under Section 4041 or 4041A of ERISA of a notice of intent to terminate any Plan or the taking of any action to terminate any Plan, (iv) the commencement of proceedings by the PBGC under
Section 4042 of ERISA for the termination of, or the appointment of a trustee to administer, any Plan, or the receipt by the Borrower or any ERISA Affiliate of a notice from any Multiemployer Plan that such action has been taken by the PBGC
with respect to such Multiemployer Plan, (v) the institution of a proceeding by any fiduciary of any Multiemployer Plan against the Borrower or any ERISA Affiliate to enforce Section 515 of ERISA, which is not dismissed within thirty
(30) days, (vi) the imposition upon the Borrower or any ERISA Affiliate of any liability under Title IV of ERISA, other than for PBGC premiums due but not delinquent under Section 4007 of ERISA, or the imposition or threatened
imposition of any Lien upon any assets of the Borrower or any ERISA Affiliate as a result of any alleged failure to comply with the Code or ERISA in respect of any Plan, (vii) the engaging in or otherwise becoming liable for a nonexempt
Prohibited Transaction by the Borrower or any ERISA Affiliate, or a violation of the applicable requirements of Section 404 or 405 of ERISA or the exclusive benefit rule under Section 401(a) of the Code by any fiduciary of any Plan for
which the Borrower or any of its ERISA Affiliates may be directly or indirectly liable, (viii) the occurrence with respect to any Plan of any “accumulated funding deficiency” (within the meaning of Section 302 of ERISA and
Section 412 of the Code), whether or not waived, (ix) with respect to plan years beginning prior to January 1, 2008, the adoption of an amendment to any Plan that, pursuant to Section 307 of ERISA, would require the provision of
security to such Plan by the Borrower or an ERISA Affiliate, or (x) with respect to plan years beginning on or after the PPA 2006 Effective Date, the incurrence of an obligation to provide a notice under Section 101(j) of ERISA, the
adoption of an amendment which may not take effect due to the application of Section 436(c)(1) of the Code or Section 206(g)(2)(A) of ERISA, or the payment of a contribution in order to satisfy the requirements of Section 436(c)(2) of
the Code or Section 206(g)(2)(B) of ERISA. 
 “Event of Default” has the meaning given to such term in
Section 8.1. 
  

 9 

 “Exchange Act” means the Securities Exchange Act of 1934, as amended from
time to time, and any successor statute, and all rules and regulations from time to time promulgated thereunder. 

“Excluded Taxes” means, with respect to the Administrative Agent, any Lender or any other recipient of any payment to be
made by or on account of any obligation of the Borrower hereunder, (i) 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, (ii) any branch profits taxes
imposed by the United States or any similar tax imposed by any other jurisdiction in which the Borrower is located and (iii) in the case of a Foreign Lender (other than an assignee pursuant to a request by the Borrower under
Section 2.15(a)), any withholding tax that is imposed on amounts payable to such Foreign Lender at the time such Foreign Lender becomes a party hereto (or designates a new Lending Office) or is attributable to such Foreign Lender’s
failure or inability (other than as a result of a Change in Law) to comply with Section 2.13(e), except to the extent that such Foreign Lender (or its assignor, if any) was entitled, at the time of designation of a new Lending Office (or
assignment), to receive additional amounts from the Borrower with respect to such withholding tax pursuant to Section 2.13(a). 

“Federal Funds Rate” means, for any period, a fluctuating per annum interest rate (rounded upwards, if necessary, to the
nearest 1/100 of one percentage point) equal for each day during such period to the weighted average of the rates on overnight federal funds transactions with members of the Federal Reserve System arranged by federal funds brokers, as published for
such day (or, if such day is not a Business Day, for the next preceding Business Day) by the Federal Reserve Bank of New York, or if such rate is not so published for any day that is a Business Day, the average of the quotations for such day on such
transactions received by the Administrative Agent from three federal funds brokers of recognized standing selected by the Administrative Agent. 

“Federal Reserve Board” means the Board of Governors of the Federal Reserve System or any successor thereto. 

“Fee Letters” mean the letters from each of Wachovia and Wachovia Securities, LLC and BofA and Banc of America
Securities LLC, respectively, to the Borrower, each dated November 17, 2006. 
 “Financial Officer” means,
with respect to the Borrower, the chief financial officer, vice president—finance, principal accounting officer or treasurer of the Borrower. 

“fiscal quarter” or “FQ” means a fiscal quarter of the Borrower and its Subsidiaries. 

“fiscal year” or “FY” means a fiscal year of the Borrower and its Subsidiaries. 

“Foreign Lender” means any Lender that is organized under the laws of a jurisdiction outside of the United States.

  

 10 

 “Foreign Subsidiary” means any Subsidiary of the Borrower that is not a
Domestic Subsidiary. 
 “Fund” means 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 business. 

“GAAP” means generally accepted accounting principles in the United States of America, as set forth in the statements,
opinions and pronouncements of the Accounting Principles Board, the American Institute of Certified Public Accountants and the Financial Accounting Standards Board, consistently applied and maintained, as in effect from time to time (subject to the
provisions of Section 1.2). 
 “Governmental Authority” means the government of the United States
of America or any other nation, or of any political subdivision thereof, whether state or local, and any agency, authority, instrumentality, regulatory body, court, central bank or other entity exercising executive, legislative, judicial, taxing,
regulatory or administrative powers or functions of or pertaining to government (including any supra-national bodies such as the European Union or the European Central Bank). 

“Guarantor” means any Wholly-Owned Subsidiary of the Borrower that is a guarantor of the Obligations under the Guaranty
(or under another guaranty agreement in form and substance satisfactory to the Administrative Agent). 

“Guaranty” means the Amended and Restated Guaranty Agreement, dated as of April __, 2009, made by the Guarantors in
favor of the Administrative Agent and the Lenders, as amended, supplemented or modified from time to time. 
 “Guaranty
Fund” means any fund set up by (i) ICE Clear US pursuant to Section 5.4 of its by-laws, (ii) ICE Clear Europe, (iii) The Clearing Corporation, (iv) ICE US Trust, (v) ICE Clear Canada, and (vi) such other
clearing houses owned and operated by the Borrower in the future, in each case in which its clearing members make deposits to secure the obligations of its clearing members and which is used to cover the losses sustained by such Person as a result
of the default of any such clearing member. 
 “Guaranty Obligation” means, with respect to any Person, any
direct or indirect liability of such Person with respect to any Indebtedness, liability or other obligation (the “primary obligation”) of another Person (the “primary obligor”), whether or not contingent,
(i) to purchase, repurchase or otherwise acquire such primary obligation or any property constituting direct or indirect security therefor, (ii) to advance or provide funds (x) for the payment or discharge of any such primary
obligation or (y) to maintain working capital or equity capital of the primary obligor or otherwise to maintain the net worth or solvency or any balance sheet item, level of income or financial condition of the primary obligor (including,
without limitation, keep well agreements, maintenance agreements, comfort letters or similar agreements or arrangements), (iii) to lease or purchase property, securities or services primarily for the purpose of assuring the owner of any such
primary obligation of the ability of the primary obligor in respect thereof to make payment of such primary obligation or (iv) otherwise to assure or hold 

 

 11 

 
harmless the owner of any such primary obligation against loss or failure or inability to perform in respect thereof; provided, however, that, with respect to the Borrower and its
Subsidiaries, the term Guaranty Obligation shall not include endorsements for collection or deposit in the ordinary course of business. The amount of any Guaranty Obligation of any guaranteeing Person hereunder 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 Guaranty Obligation is made and (b) the maximum amount for which such guaranteeing Person may be liable pursuant to the terms of
the instrument embodying such Guaranty Obligation, unless such primary obligation and the maximum amount for which such guaranteeing Person may be liable are not stated or determinable, in which case the amount of such Guaranty Obligation shall be
such guaranteeing Person’s maximum reasonably anticipated liability in respect thereof as determined by such guaranteeing Person in good faith. 

“Hazardous Substance” means any substance or material meeting any one or more of the following criteria: (i) it is
or contains a substance designated as a hazardous waste, hazardous substance, hazardous material, pollutant, contaminant or toxic substance under any Environmental Law, (ii) it is toxic, explosive, corrosive, ignitable, infectious, radioactive,
mutagenic or otherwise hazardous to human health or the environment and is or becomes regulated by any Governmental Authority, (iii) its presence may require investigation or response under any Environmental Law, (iv) it constitutes a
nuisance, trespass or health or safety hazard to Persons or neighboring properties, or (v) it is or contains, without limiting the foregoing, asbestos, polychlorinated biphenyls, urea formaldehyde foam insulation, petroleum hydrocarbons,
petroleum derived substances or wastes, crude oil, nuclear fuel, natural gas or synthetic gas. 
 “Hedge
Agreement” means any interest or foreign currency rate swap, cap, collar, option, hedge, forward rate or other similar agreement or arrangement designed to protect against fluctuations in interest rates or currency exchange rates.

 “Hedge Party” means any Lender or any Affiliate of any Lender in its capacity as a counterparty to any Hedge
Agreement with the Borrower or any Subsidiary, which Hedge Agreement is required or permitted under this Agreement to be entered into by the Borrower, or any former Lender or any Affiliate of any former Lender in its capacity as a counterparty to
any such Hedge Agreement entered into prior to the date such Person or its Affiliate ceased to be a Lender. 
 “ICE
Clear Canada” means ICE Clear Canada, Inc., a Manitoba corporation and an indirect Wholly-Owned Subsidiary of the Borrower. 

“ICE Clear Europe” means ICE Clear Europe Limited, a private limited company incorporated in England and Wales and an
indirect Wholly-Owned Subsidiary of the Borrower. 
 “ICE Clear Europe Payment Services Agreement” shall mean
the Payment Services Agreement between ICE Clear Europe and Citibank, N.A., London Branch, in a form reasonably acceptable to the Administrative Agent, for the purpose of providing an intraday liquidity line of credit to handle timing differences
between receipts from and payments to clearing house members, and any renewal, replacement, refinancing or extension of such Indebtedness that does not increase the outstanding principal amount thereof. 

 

 12 

 “ICE Clear US” means ICE Clear U.S., Inc., a New York corporation
and an indirect Wholly-Owned Subsidiary of the Borrower (formerly known as New York Clearing Corporation). 

“ICE Futures Europe” means ICE Futures Europe, a United Kingdom corporation and an indirect Wholly-Owned Subsidiary of
the Borrower. 
 “ICE US Trust” means ICE US Trust LLC, a New York limited liability trust company and a
Subsidiary of the Borrower. 
 “Indebtedness” means, with respect to any Person (without duplication),
(i) all obligations of such Person for borrowed money, (ii) all obligations of such Person evidenced by notes, bonds, debentures or similar instruments, or upon which interest payments are customarily made, (iii) the maximum stated or
face amount of all surety bonds, letters of credit and bankers’ acceptances issued or created for the account of such Person and, without duplication, all drafts drawn thereunder (to the extent unreimbursed), (iv) all obligations of such
Person to pay the deferred purchase price of property or services (excluding trade payables incurred in the ordinary course of business and not more than 90 days past due), (v) all indebtedness created or arising under any conditional sale or
other title retention agreement with respect to property acquired by such Person, (vi) all Capital Lease Obligations of such Person, (vii) all Disqualified Capital Stock issued by such Person, with the amount of Indebtedness represented by
such Disqualified Capital Stock being equal to the greater of its voluntary or involuntary liquidation preference and its maximum fixed repurchase price, (viii) the principal balance outstanding and owing by such Person under any synthetic
lease, tax retention operating lease or similar off-balance sheet financing product, (ix) all Guaranty Obligations of such Person with respect to Indebtedness of another Person, (x) the net termination obligations of such Person under any
Hedge Agreements, calculated as of any date as if such agreement or arrangement were terminated as of such date, and (xi) all indebtedness of the types referred to in clauses (i) through (x) above (A) of any partnership or
unincorporated joint venture in which such Person is a general partner or joint venturer to the extent such Person is liable therefor or (B) secured by any Lien on any property or asset owned or held by such Person regardless of whether or not
the indebtedness secured thereby shall have been incurred or assumed by such Person or is nonrecourse to the credit of such Person, the amount thereof being equal to the value of the property or assets subject to such Lien. 

“Indemnified Taxes” means Taxes other than Excluded Taxes. 

“Intellectual Property” means (i) all inventions (whether or not patentable and whether or not reduced to
practice), all improvements thereto, and all patents, patent applications, and patent disclosures, together with all reissues, continuations, continuations-in-part, divisions, revisions, extensions, and reexaminations thereof, (ii) all
trademarks, service marks, trade dress, logos, trade names, and corporate names, together with all goodwill associated therewith, and all applications, registrations, and renewals in connection therewith, (iii) all copyrightable works and all
copyrights (registered and unregistered), (iv) all trade secrets and confidential 
  

 13 

 
information (including, without limitation, financial, business and marketing plans and customer and supplier lists and related information), (v) all computer software and software systems
(including, without limitation, data, databases and related documentation), (vi) all Internet web sites and domain names, (vii) all technology, know-how, processes and other proprietary rights, and (viii) all licenses or other
agreements to or from third parties regarding any of the foregoing. 
 “Interest Coverage Ratio” means, as of
the last day of any Reference Period ending on the last day of a fiscal quarter, the ratio of (i) Consolidated EBITDA for such Reference Period less Capital Expenditures and Capitalized Software Development Costs to (ii) Consolidated
Interest Expense for such Reference Period. 
 “Interest Period” has the meaning given to such term in
Section 2.7. 
 “Investments” has the meaning given to such term in Section 7.11.

 “Lender” means each Person holding outstanding Loans, and each other Person that becomes a
“Lender” hereunder pursuant to Section 10.6, and their respective successors and assigns. 

“Lending Office” means, with respect to any Lender, the office of such Lender designated as such in such Lender’s
Administrative Questionnaire or in connection with an Assignment and Assumption, or such other office as may be otherwise designated in writing from time to time by such Lender to the Borrower and the Administrative Agent. A Lender may designate
separate Lending Offices as provided in the foregoing sentence for the purposes of making or maintaining different Types of Loans, and, with respect to LIBOR Loans, such office may be a domestic or foreign branch or Affiliate of such Lender.

 “LIBOR Loan” means, at any time, any Loan that bears interest at such time at the applicable Adjusted LIBOR
Rate. 
 “LIBOR Rate” means, with respect to each LIBOR Loan comprising part of the same Borrowing for any
Interest Period, an interest rate per annum obtained by dividing (i) (y) the rate of interest appearing on Reuters Screen LIBOR01 Page (or any successor page) that represents an average British Bankers Association Interest Settlement Rate
for Dollar deposits or (z) if no such rate is available, the rate of interest determined by the Administrative Agent to be the rate or the arithmetic mean of rates at which Dollar deposits in immediately available funds are offered to
first-tier banks in the London interbank Eurodollar market, in each case under (y) and (z) above at approximately 11:00 a.m., London time, two (2) Business Days prior to the first day of such Interest Period for a period
substantially equal to such Interest Period and in an amount substantially equal to the amount of Wachovia’s LIBOR Loan comprising part of such Borrowing, by (ii) the amount equal to 1.00 minus the Reserve Requirement (expressed as a
decimal) for such Interest Period. 
 “Lien” means any mortgage, pledge, hypothecation, assignment, security
interest, lien (statutory or otherwise), charge or other encumbrance of any nature, whether voluntary or involuntary, including, without limitation, the interest of any vendor or lessor under any conditional sale agreement, title retention
agreement, Capital Lease or any other lease or arrangement having substantially the same effect as any of the foregoing. 
  

 14 

 “Loans” has the meaning set forth in Section 2.1(a).

 “Margin Stock” has the meaning given to such term in Regulation U. 

“Material Adverse Effect” means a material adverse effect upon (i) the business, assets, properties, liabilities
(actual or contingent), operations, condition (financial or otherwise) or prospects of the Borrower and its Subsidiaries, taken as a whole, (ii) the ability of the Credit Parties, taken as a whole, to perform their respective obligations under
this Agreement or any of the other Credit Documents or (iii) the legality, validity or enforceability of this Agreement or any of the other Credit Documents or the rights and remedies of the Administrative Agent and the Lenders hereunder and
thereunder. 
 “Material Contract” has the meaning given to such term in Section 4.19. 

“Maturity Date” means January 12, 2012. 

“Multiemployer Plan” means any “multiemployer plan” within the meaning of Section 4001(a)(3) of ERISA to
which the Borrower or any ERISA Affiliate makes, is making or is obligated to make contributions or, during the immediately preceding five plan years, has made or been obligated to make contributions. 

“Net Cash Proceeds” means, in the case of any Asset Disposition, the aggregate cash proceeds received by any Credit
Party in respect thereof, less (i) reasonable fees and out-of-pocket expenses payable by the Borrower or any of its Subsidiaries in connection therewith, (ii) taxes paid or payable as a result thereof, and (iii) the amount required to
retire Indebtedness to the extent such Indebtedness is secured by Liens on the subject property; it being understood that the term “Net Cash Proceeds” shall include, as and when received, any cash received upon the sale or other
disposition of any non-cash consideration received by any Credit Party in respect of any of the foregoing events. 

“New Liquidity Facility” means the Credit Agreement, dated as of the date hereof, among the Borrower, ICE US Trust,
Wachovia, as administrative agent, BofA, as syndication agent and the lenders party thereto, providing for a revolving credit facility in the aggregate principal amount of $300,000,000, the proceeds of which shall be used to provide liquidity for
the clearing operations of ICE Clear Europe and ICE Clear US and for working capital and general corporate purposes of the Borrower and ICE Trust US in accordance with the terms and provisions thereof. 

“New Credit Facility” means the Credit Agreement, dated as of the date hereof, among the Borrower, Wachovia, as
administrative agent, BofA, as syndication agent and the lenders party thereto, providing for term and revolving credit facilities in the aggregate principal amount of $300,000,000, the proceeds of which shall be used for working capital and general
corporate purposes of the Borrower in accordance with the terms and provisions thereof. 
 “Nonconsenting
Lender” means any Lender that does not approve a consent, waiver or amendment to any Credit Document requested by the Borrower or the Administrative Agent and that requires the approval of all Lenders (or all Lenders directly affected
thereby) under Section 10.5 when the Required Lenders have agreed to such consent, waiver or amendment. 
  

 15 

 “Non-Wholly-Owned Subsidiary” has the meaning given to such term in
Section 7.11. 
 “Notice of Conversion/Continuation” has the meaning given to such term in
Section 2.8(b). 
 “Obligations” means all principal of and interest (including interest accruing
after the filing of a petition or commencement of a case by or with respect to the Borrower seeking relief under any applicable federal and state laws pertaining to bankruptcy, reorganization, arrangement, moratorium, readjustment of debts,
dissolution, liquidation or other debtor relief, specifically including, without limitation, the Bankruptcy Code and any fraudulent transfer and fraudulent conveyance laws, whether or not the claim for such interest is allowed in such proceeding) on
the Loans and all fees, expenses, indemnities and other obligations owing, due or payable at any time by the Borrower or any Subsidiary Guarantor to the Administrative Agent, any Lender or any other Person entitled thereto, under this Agreement or
any of the other Credit Documents, and all payment and other obligations owing or payable at any time by the Borrower to any Hedge Party under or in connection with any Hedge Agreement to fix or limit interest rates payable by the Borrower in
respect of any Loans, in each case whether direct or indirect, joint or several, absolute or contingent, matured or unmatured, liquidated or unliquidated, secured or unsecured, and whether existing by contract, operation of law or otherwise.

 “OFAC” means the U.S. Department of the Treasury’s Office of Foreign Assets Control, and any successor
thereto. 
 “Original Credit Agreement” has the meaning given to such term in the Background Statement of this
Agreement. 
 “Other Taxes” means all present or future stamp or documentary taxes or any other excise or
property taxes, charges or similar levies arising from any payment made hereunder or under any other Credit Document or from the execution, delivery or enforcement of, or otherwise with respect to, this Agreement or any other Credit Document.

 “Participant” has the meaning given to such term in Section 10.6(d). 

“PATRIOT Act” means the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and
Obstruct Terrorism (USA PATRIOT Act of 2001), as amended from time to time, and any successor statute, and all rules and regulations from time to time promulgated thereunder. 

“Payment Office” means the office of the Administrative Agent designated on Schedule 1.1(a) under the
heading “Instructions for wire transfers to the Administrative Agent,” or such other office as the Administrative Agent may designate to the Lenders and the Borrower for such purpose from time to time. 

“PBGC” means the Pension Benefit Guaranty Corporation established pursuant to Subtitle A of Title IV of ERISA, and any
successor thereto. 
 “Permitted Acquisition” means any Acquisition permitted to be consummated pursuant to the
terms in Section 7.5. 
  

 16 

 “Permitted Asset Disposition” means any Asset Disposition permitted under
Section 7.4(iv). 
 “Permitted Liens” has the meaning given to such term in
Section 7.3. 
 “Person” means any natural person, corporation, limited liability company, trust,
joint venture, association, company, partnership, Governmental Authority, Self-Regulatory Organization or other entity. 

“Plan” means any “employee pension benefit plan” within the meaning of Section 3(2) of ERISA that is
subject to the provisions of Title IV of ERISA (other than a Multiemployer Plan) and to which the Borrower or any ERISA Affiliate may have any liability. 

“PPA 2006 Effective Date” means, with respect to any Plan, except as hereinafter provided, the first day of the first
plan year beginning on or after January 1, 2008. However, solely with respect to a Plan maintained pursuant to one or more collective bargaining agreements between employee representatives and one or more employers ratified before
January 1, 2008, such term means the first day of the first plan year beginning on or after the earlier of (A) and (B), where: (A) is the later of (x) the date on which the last collective bargaining agreement relating to the
Plan terminates (determined without regard to any extension thereof agreed to after August 17, 2006), or (y) the first day of the first plan year beginning on or after January 1, 2008; and (B) is January 1, 2010. 

“Pro Forma Basis” has the meaning given to such term in Section 1.3(b). 

“Prohibited Transaction” means any transaction described in (i) Section 406 of ERISA that is not exempt by
reason of Section 408 of ERISA or by reason of a Department of Labor prohibited transaction individual or class exemption or (ii) Section 4975(c) of the Code that is not exempt by reason of Section 4975(c)(2) or 4975(d) of the Code.

 “Projections” has the meaning given to such term in Section 4.11(b). 

“Realty” means all real property and interests in real property now or hereafter acquired or leased by any Credit Party.

 “Reference Period” with respect to any date of determination, means (except as may be otherwise expressly
provided herein) the period of twelve consecutive fiscal months of the Borrower immediately preceding such date or, if such date is the last day of a fiscal quarter, the period of four consecutive fiscal quarters ending on such date. 

“Register” has the meaning given to such term in Section 10.6(c). 

“Regulations T, U and X” means Regulations T, U and X, respectively, of the Federal Reserve Board, and any successor
regulations. 
 “Related Parties” means, with respect to any Person, such Person’s Affiliates and the
partners, directors, officers, employees, agents and advisors of such Person and of such Person’s Affiliates. 
  

 17 

 “Reportable Event” means, with respect to any Plan, (i) any
“reportable event” within the meaning of Section 4043(c) of ERISA for which the 30-day notice under Section 4043(a) of ERISA has not been waived by the PBGC (including, without limitation, any failure to meet the minimum funding
standard of, or timely make any required installment under, Section 412 of the Code or Section 302 of ERISA, regardless of the issuance of any waivers in accordance with Section 412(d) of the Code), (ii) any such “reportable
event” subject to advance notice to the PBGC under Section 4043(b)(3) of ERISA, (iii) any application for a funding waiver or an extension of any amortization period pursuant to Section 412 of the Code, and (iv) a cessation
of operations described in Section 4062(e) of ERISA. 
 “Required Lenders” means, at any time, the Lenders
holding outstanding Loans representing at least a majority of the aggregate, at such time, of all outstanding Loans. 

“Requirement of Law” means, with respect to any Person, the charter, articles or certificate of organization or
incorporation and bylaws or other organizational or governing documents of such Person, and any statute, law, treaty, rule, regulation, order, decree, writ, injunction or determination of any arbitrator or court or other Governmental Authority or
any Self-Regulatory Organization, 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 or otherwise pertaining to any or all of the transactions contemplated by this
Agreement and the other Credit Documents. 
 “Reserve Requirement” means, with respect to
any Interest Period, the reserve percentage (expressed as a decimal and rounded upwards, if necessary, to the next higher
1/100th of 1%) in effect from time to time during such
Interest Period, as provided by the Federal Reserve Board, applied for determining the maximum reserve requirements (including, without limitation, basic, supplemental, marginal and emergency reserves) applicable to Wachovia under Regulation D with
respect to “Eurocurrency liabilities” within the meaning of Regulation D, or under any similar or successor regulation with respect to Eurocurrency liabilities or Eurocurrency funding. 

“Responsible Officer” means, with respect to any Credit Party, the president, the chief executive officer, the chief
financial officer, any executive officer, or any other Financial Officer of such Credit Party, and any other officer or similar official thereof responsible for the administration of the obligations of such Credit Party in respect of this Agreement
or any other Credit Document. 
 “Restatement Agreement” means the Amendment and Restatement Agreement dated as
of the Restatement Effective Date, effecting the amendment and restatement of the Original Credit Agreement. 

“Restatement Effective Date” means the Business Day on which all the conditions precedent in Section 5 of the
Restatement Agreement shall have been satisfied or waived in accordance with the terms of this Agreement. 
 “Sanctioned
Country” means a country subject to a sanctions program identified on the list maintained by OFAC and available at http://www.treas.gov/offices/enforcement/ofac/-sanctions/index.html, or as otherwise published from time to time.

  

 18 

 “Sanctioned Person” means (i) a Person named on the list of Specially
Designated Nationals or Blocked Persons maintained by OFAC available at http://www.treas.gov/-offices/enforcement/ofac/sdn/index.html, or as otherwise published from time to time, or (ii) (A) an agency of the government of a
Sanctioned Country, (B) an organization controlled by a Sanctioned Country, or (C) a Person resident in a Sanctioned Country, to the extent subject to a sanctions program administered by OFAC. 

“Self Regulatory Organization” means any U.S. or foreign commission, board, agency or body that is not a Governmental
Authority, but is charged with the supervision or regulation of brokers, dealers, securities underwriting or trading, stock exchanges, commodities exchanges, electronic communication networks, insurance companies or agents, investment companies or
investment advisors. 
 “Subsidiary” means, with respect to any Person, any corporation or other Person of
which more than fifty percent (50%) of the outstanding Capital Stock having ordinary voting power to elect a majority of the board of directors, board of managers or other governing body of such Person, is at the time, directly or indirectly,
owned or controlled by such Person and one or more of its other Subsidiaries or a combination thereof (irrespective of whether, at the time, securities of any other class or classes of any such corporation or other Person shall or might have voting
power by reason of the happening of any contingency). When used without reference to a parent entity, the term “Subsidiary” shall be deemed to refer to a Subsidiary of the Borrower. 

“Subsidiary Guarantor” means any Guarantor that is a Subsidiary of the Borrower. 

“Target” has the meaning given to such term in Section 5.10(a)(i). 

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

“Term Note” means, with respect to any Lender requesting the same, the promissory note of the Borrower in favor of such
Lender evidencing the Loan made by such Lender pursuant to Section 2.1(a), in substantially the form of Exhibit A-1, together with any amendments, modifications and supplements thereto, substitutions therefor and restatements
thereof. 
 “The Clearing Corporation” means The Clearing Corporation, a Delaware corporation and a Subsidiary
of the Borrower. 
 “Total Funded Debt” means, as of any date of determination, the aggregate principal amount
of all Indebtedness of the Borrower and its Subsidiaries as of such date, determined on a consolidated basis in accordance with GAAP. 

“Total Leverage Ratio” means, as of the last day of any Reference Period ending on the last day of a fiscal quarter, the
ratio of (i) Total Funded Debt as of such date to (ii) Consolidated EBITDA for such Reference Period. 

“Total Voting Power” means, with respect to any Person, the total number of votes which may be cast in the election of
directors of such Person at any meeting of stockholders of such 
  

 19 

 
Person if all securities entitled to vote in the election of directors of such Person (on a fully diluted basis, assuming the exercise, conversion or exchange of all rights, warrants, options and
securities exercisable for, exchangeable for or convertible into, such voting securities) were present and voted at such meeting (other than votes that may be cast only upon the happening of a contingency). 

“Type” has the meaning given to such term in Section 2.1(b). 

“Unfunded Pension Liability” means, with respect to any Plan, the excess of its benefit liabilities under
Section 4001(a)(16) of ERISA over the current value of its assets, determined in accordance with the applicable assumptions used for funding under Section 412 of the Code for the applicable plan year. 

“Wachovia” means Wachovia Bank, National Association, and its successors and assigns. 

“Wholly-Owned” means, with respect to any Subsidiary of any Person, that 100% of the outstanding Capital Stock of such
Subsidiary (excluding any directors’ qualifying shares and shares required to be held by foreign nationals, in the case of a Foreign Subsidiary) is owned, directly or indirectly, by such Person. 

1.2 Accounting Terms. Unless otherwise specified herein, all accounting terms used herein shall be interpreted, all accounting
determinations hereunder shall be made, and all financial statements required to be delivered hereunder shall be prepared in accordance with, GAAP applied on a basis consistent with the most recent audited consolidated financial statements of the
Borrower and its Subsidiaries delivered to the Lenders prior to the Closing Date; provided that if the Borrower notifies the Administrative Agent that it wishes to amend any financial covenant in Article VI to eliminate the effect
of any change in GAAP on the operation of such covenant (or if the Administrative Agent notifies the Borrower that the Required Lenders wish to amend Article VI for such purpose), then the Borrower’s compliance with such covenant
shall be determined on the basis of GAAP as in effect immediately before the relevant change in GAAP became effective, until either such notice is withdrawn or such covenant is amended in a manner satisfactory to the Borrower and the Required
Lenders. 
 1.3 Other Terms; Construction. 
  

	 	(a)	 The definitions of terms herein shall apply equally to the singular and plural forms of the terms defined. Whenever the context may require, any
pronoun shall include the corresponding masculine, feminine and neuter forms. The words “include,” “includes” and “including” shall be deemed to be followed by the phrase “without
limitation.” The word “will” shall be construed to have the same meaning and effect as the word “shall.” Unless the context requires otherwise, (i) any definition of or reference to any agreement,
instrument or other document shall be construed as referring to such agreement, instrument or other document as from time to time amended, supplemented, restated or otherwise modified (subject to any restrictions on such amendments, supplements,
restatements or modifications set forth herein or in any other Credit Document), (ii) any reference 

  

 20 

	 	 
herein to any Person shall be construed to include such Person’s successors and assigns permitted hereunder, (iii) the words “herein,” “hereof” and
“hereunder,” and words of similar import when used in any Credit Document, shall be construed to refer to such Credit Document in its entirety and not to any particular provision thereof, (iv) all references in a Credit
Document to Articles, Sections, Exhibits and Schedules shall be construed to refer to Articles and Sections of, and Exhibits and Schedules to, the Credit Document in which such references appear, (v) any reference to any law or regulation
herein shall, unless otherwise specified, refer to such law or regulation as amended, modified or supplemented from time to time, and (vi) 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, securities, accounts and contract rights. 

 

	 	(b)	Notwithstanding the foregoing, calculations to determine compliance by the Borrower for any period with the Total Leverage Ratio covenant as set forth in
Article VI, and calculations of the financial covenants contained in Article VI to determine whether a condition to a Permitted Acquisition, Permitted Asset Disposition, permitted incurrence of Indebtedness or other
transaction has been met, shall be determined in each case on a pro forma basis (a “Pro Forma Basis”) after giving effect to any Acquisition, Asset Disposition, incurrence of Indebtedness or other transaction (each, a
“transaction”) occurring during such period (or proposed to be consummated, as the case may be) as if such transaction had occurred as of the first day of such period, in accordance with the following: 

(i) any Indebtedness incurred or assumed by any Credit Party in connection with any transaction (including any Indebtedness of a Person
acquired in a Permitted Acquisition that is not retired or repaid in connection therewith) shall be deemed to have been incurred or assumed as of the first day of the applicable period (and if such Indebtedness has a floating or formula rate, such
Indebtedness shall, for purposes of such determination, have an implied rate of interest during the applicable period determined by utilizing the rate of interest that is or would be in effect with respect to such Indebtedness as of the date of
determination); 
 (ii) any Indebtedness retired or repaid in connection with any transaction (including any Indebtedness of a
Person acquired in a Permitted Acquisition) shall be deemed to have been retired or repaid as of the first day of the applicable period; 

(iii) with respect to any Permitted Acquisition, (A) income statement items (whether positive or negative) and balance sheet items
attributable to the Person or assets acquired shall (to the extent not otherwise included in the consolidated financial statements of the Borrower and its Subsidiaries in accordance with GAAP or in accordance with other provisions of this Agreement)
be included in such calculations to the extent relating to the 
  

 21 

	 	 
applicable period, provided that such income statement and balance sheet items are reflected in financial statements or other financial data reasonably acceptable to the Administrative
Agent, and (B) operating expense reductions, cost savings and other pro forma adjustments attributable to such Permitted Acquisition may be included to the extent that such adjustments (y) would be permitted pursuant to Article XI of
Regulation S-X under the Securities Act (irrespective of whether the Borrower is subject thereto) or (z) have been approved in writing by the Administrative Agent; and 

 

	 	(iv)	with respect to any Permitted Asset Disposition, income statement items (whether positive or negative) and balance sheet items attributable to the assets disposed of
shall be excluded from such calculations to the extent relating to the applicable period. 

 ARTICLE II 

 AMOUNT AND TERMS OF THE LOANS 

2.1 Loans. 
  

	 	(a)	The aggregate principal amount of the Term Loans (as defined in the Original Credit Agreement) made pursuant to the Original Credit Agreement and outstanding on the
Restatement Date is $175,000,000 (such Term Loans, the “Loans”). To the extent repaid, the Loans may not be reborrowed. 

  

	 	(b)	The Loans shall, at the option of the Borrower and subject to the terms and conditions of this Agreement, be either Base Rate Loans or LIBOR Loans (each, a
“Type” of Loan), provided that all Loans comprising the same Borrowing shall, unless otherwise specifically provided herein, be of the same Type. 

 

	 	(c)	Each Lender may, at its option, make and maintain any Loan at, to or for the account of any of its Lending Offices, provided that any exercise of such option
shall not affect the obligation of the Borrower to repay such Loan to or for the account of such Lender in accordance with the terms of this Agreement. 

2.2 Evidence of Debt; Term Notes. 
  

	 	(a)	Each Lender shall maintain in accordance with its usual practice an account or accounts evidencing the indebtedness of the Borrower to the applicable Lending Office of
such Lender resulting from each Loan made by such Lending Office of such Lender from time to time, including the amounts of principal and interest payable and paid to such Lending Office of such Lender from time to time under this Agreement.

  

 22 

	 	(b)	The Administrative Agent shall maintain the Register pursuant to Section 10.6(c), and a subaccount for each Lender, in which Register and subaccounts (taken
together) shall be recorded (i) the amount of each such Loan, the Type of each such Loan and the Interest Period applicable thereto, (ii) the amount of any principal or interest due and payable or to become due and payable from the
Borrower to each Lender hereunder in respect of each such Loan and (iii) the amount of any sum received by the Administrative Agent hereunder from the Borrower in respect of each such Loan and each Lender’s share thereof.

  

	 	(c)	The entries made in the Register and subaccounts maintained pursuant to Section 2.2(b) (and, if consistent with the entries of the Administrative Agent, the
accounts maintained pursuant to Section 2.2(a)) shall, to the extent permitted by applicable law, be conclusive absent manifest error of the existence and amounts of the obligations of the Borrower therein recorded; provided,
however, that the failure of any Lender or the Administrative Agent to maintain such account, such Register or such subaccount, as applicable, or any error therein, shall not in any manner affect the obligation of the Borrower to repay (with
applicable interest) the Loans made to the Borrower by such Lender in accordance with the terms of this Agreement. 

  

	 	(d)	The Loans made by each Lender, if requested by the applicable Lender (which request shall be made to the Administrative Agent), are and shall be evidenced by a Term
Note appropriately completed in substantially the form of Exhibit A-1. Each Term Note shall be entitled to all of the benefits of this Agreement and the other Credit Documents and shall be subject to the provisions hereof and thereof.

 2.3 Mandatory Payments. 
  

	 	(a)	Except to the extent due or paid sooner pursuant to the provisions of this Agreement, the Borrower will repay the Loans on each date set forth below in the aggregate
principal amount opposite such date: 

  

				
	 Date
	  	Payment Amount
	 June 30, 2009
	  	$	12,500,000
	 September 30, 2009
	  	$	12,500,000
	 December 31, 2009
	  	$	12,500,000
	 March 31, 2010
	  	$	12,500,000
	 June 30, 2010
	  	$	12,500,000
	 September 30, 2010
	  	$	12,500,000
	 December 31, 2010
	  	$	12,500,000
	 March 31, 2011
	  	$	12,500,000
	 June 30, 2011
	  	$	18,750,000
	 September 30, 2011
	  	$	18,750,000
	 December 31, 2011
	  	$	18,750,000
	 Maturity Date
	  	$	18,750,000

  

 23 

	 	(b)	Except to the extent due or paid sooner pursuant to the provisions of this Agreement, the aggregate outstanding principal of the Loans shall be due and payable in full
on the Maturity Date. 

 2.4 Voluntary Prepayments. 

 

	 	(a)	At any time and from time to time, the Borrower shall have the right to prepay the Loans, in whole or in part, without premium or penalty (except as provided in
clause (iii) below), upon written notice given to the Administrative Agent not later than 11:00 a.m., Charlotte time, three (3) Business Days prior to each intended prepayment of LIBOR Loans and one (1) Business Day prior to each
intended prepayment of Base Rate Loans, provided that (i) each partial prepayment of LIBOR Loans shall be in an aggregate principal amount of not less than $5,000,000 or, if greater, an integral multiple of $1,000,000 in excess thereof,
and each partial prepayment of Base Rate Loans shall be in an aggregate principal amount of not less than $3,000,000 or, if greater, an integral multiple of $1,000,000 in excess thereof, (ii) no partial prepayment of LIBOR Loans made pursuant
to any single Borrowing shall reduce the aggregate outstanding principal amount of the remaining LIBOR Loans under such Borrowing to less than $5,000,000 or to any greater amount not an integral multiple of $1,000,000 in excess thereof, and
(iii) unless made together with all amounts required under Section 2.14 to be paid as a consequence of such prepayment, a prepayment of a LIBOR Loan may be made only on the last day of the Interest Period applicable thereto. Each
such notice shall specify the proposed date of such prepayment and the aggregate principal amount, the Type of the Loans to be prepaid (and, in the case of LIBOR Loans, the Interest Period of the Borrowing pursuant to which made), and shall be
irrevocable and shall bind the Borrower to make such prepayment on the terms specified therein. In the event the Administrative Agent receives a notice of prepayment under this Section, the Administrative Agent will give prompt notice thereof to the
Lenders; provided that if such notice has also been furnished to the Lenders, the Administrative Agent shall have no obligation to notify the Lenders with respect thereto. 

 

	 	(b)	Each prepayment of the Loans made pursuant to Section 2.4(a) shall be applied to reduce the outstanding principal amount of the Loans, with such reduction
to be applied to the remaining scheduled principal payments in each instance on a pro rata basis. Each prepayment of the Loans made pursuant to Section 2.4(a) shall be applied ratably among the Lenders holding the Loans being prepaid, in
proportion to the principal amount held by each. 

 2.5 Interest. 

 

	 	(a)	Subject to Section 2.5(b), the Borrower will pay interest in respect of the unpaid principal amount of each Loan, from the Restatement Effective Date until
such principal amount shall be paid in full, (i) at the Adjusted Base Rate, as in effect from time to time during such periods as such Loan is a Base Rate Loan, and (ii) at the Adjusted LIBOR Rate, as in effect from time to time during
such periods as such Loan is a LIBOR Loan. 

  

 24 

	 	(b)	Upon the occurrence and during the continuance of any Event of Default under Sections 8.1(a), 8.1(f), or 8.1(g) and (at the election of the
Required Lenders) upon the occurrence and during the continuance of any other Event of Default, all outstanding principal amounts of the Loans and, to the greatest extent permitted by law, all interest accrued on the Loans and all other accrued and
outstanding fees and other amounts hereunder, shall bear interest at a rate per annum equal to the interest rate applicable from time to time thereafter to such Loans plus 2% (or, in the case of interest, fees and other amounts for which no rate is
provided hereunder, at the Adjusted Base Rate plus 2%), and, in each case, such default interest shall be payable on demand. To the greatest extent permitted by law, interest shall continue to accrue after the filing by or against the Borrower of
any petition seeking any relief in bankruptcy or under any law pertaining to insolvency or debtor relief. 

  

	 	(c)	Accrued (and theretofore unpaid) interest shall be payable as follows: 

(i) in respect of each Base Rate Loan (including any Base Rate Loan or portion thereof paid or prepaid pursuant to the provisions of
Section 2.3, except as provided hereinbelow), in arrears on the last Business Day of each calendar quarter, beginning with the first such day to occur after the Restatement Effective Date; provided, that in the event the Loans are
repaid or prepaid in full, then accrued interest in respect of all Base Rate Loans shall be payable together with such repayment or prepayment on the date thereof; 

(ii) in respect of each LIBOR Loan (including any LIBOR Loan or portion thereof paid or prepaid pursuant to the provisions of
Section 2.3, except as provided hereinbelow), in arrears (y) on the last Business Day of the Interest Period applicable thereto (subject to the provisions of Section 2.7(iii)) and (z) in addition, in the case of a
LIBOR Loan with an Interest Period having a duration of six months or longer, on each date on which interest would have been payable under clause (y) above had successive Interest Periods of three months’ duration been applicable to such
LIBOR Loan; provided, that in the event all LIBOR Loans made pursuant to a single Borrowing are repaid or prepaid in full, then accrued interest in respect of such LIBOR Loans shall be payable together with such repayment or prepayment on the
date thereof; and 
 (iii) in respect of any Loan, at maturity (whether pursuant to acceleration or otherwise) and, after
maturity, on demand. 
  

 25 

	 	(d)	Nothing contained in this Agreement or in any other Credit Document shall be deemed to establish or require the payment of interest to any Lender at a rate in excess of
the maximum rate permitted by applicable law. If the amount of interest payable for the account of any Lender on any interest payment date would exceed the maximum amount permitted by applicable law to be charged by such Lender, the amount of
interest payable for its account on such interest payment date shall be automatically reduced to such maximum permissible amount. In the event of any such reduction affecting any Lender, if from time to time thereafter the amount of interest payable
for the account of such Lender on any interest payment date would be less than the maximum amount permitted by applicable law to be charged by such Lender, then the amount of interest payable for its account on such subsequent interest payment date
shall be automatically increased to such maximum permissible amount, provided that at no time shall the aggregate amount by which interest paid for the account of any Lender has been increased pursuant to this sentence exceed the aggregate
amount by which interest paid for its account has theretofore been reduced pursuant to the previous sentence. 

  

	 	(e)	The Administrative Agent shall promptly notify the Borrower and the Lenders upon determining the interest rate for each Borrowing of LIBOR Loans after its receipt of
the relevant Notice of Conversion/Continuation, and upon each change in the Base Rate; provided, however, that the failure of the Administrative Agent to provide the Borrower or the Lenders with any such notice shall neither affect any
obligations of the Borrower or the Lenders hereunder nor result in any liability on the part of the Administrative Agent to the Borrower or any Lender. Each such determination (including each determination of the Reserve Requirement) shall, absent
manifest error, be conclusive absent manifest error and binding on all parties hereto. 

 2.6 Fees. The Borrower
agrees to pay to Wachovia, for its own account, the administrative fee required under its Fee Letter to be paid to Wachovia, in the amounts due and at the times due as required by the terms thereof. 

2.7 Interest Periods. Concurrently with the giving of a Notice of Conversion/Continuation in respect of any Borrowing comprised of Base
Rate Loans to be converted into, or LIBOR Loans to be continued as, LIBOR Loans, the Borrower shall have the right to elect, pursuant to such notice, the interest period (each, an “Interest Period”) to be applicable to such LIBOR
Loans, which Interest Period shall, at the option of the Borrower, be a one, two, three or six-month period; provided, however, that: 

(i) the initial Interest Period for any LIBOR Loan shall commence on the date of any continuation of, or conversion into, such LIBOR
Loan, and each successive Interest Period applicable to such LIBOR Loan shall commence on the day on which the next preceding Interest Period applicable thereto expires; 
  

 26 

 (ii) LIBOR Loans may not be outstanding under more than ten (10) separate Interest
Periods at any one time (for which purpose Interest Periods shall be deemed to be separate even if they are coterminous); 

(iii) if any Interest Period otherwise would expire on a day that is not a Business Day, such Interest Period shall expire on the next
succeeding Business Day unless such next succeeding Business Day falls in another calendar month, in which case such Interest Period shall expire on the next preceding Business Day; 

(iv) no Interest Period may be selected with respect to the Loans that would end after a scheduled date for repayment of principal of the
Loans occurring on or after the first day of such Interest Period unless, immediately after giving effect to such selection, the aggregate principal amount of Loans that are Base Rate Loans or that have Interest Periods expiring on or before such
principal repayment date equals or exceeds the principal amount required to be paid on such principal repayment date; 
 (v) the
Borrower may not select any Interest Period that expires after the Maturity Date, with respect to Loans that are to be maintained as LIBOR Loans; 

(vi) if any Interest Period begins on a day for which there is no numerically corresponding day in the calendar month during which such
Interest Period would otherwise expire, such Interest Period shall expire on the last Business Day of such calendar month; and 

(vii) the Borrower may not select any Interest Period (and consequently, no LIBOR Loans shall be made) if a Default or Event of Default
shall have occurred and be continuing at the time of such Notice of Conversion/Continuation with respect to any Borrowing. 

2.8 Conversions and Continuations. 
  

	 	(a)	 The Borrower shall have the right, on any Business Day occurring on or after the Restatement Effective Date, to elect (i) to convert all or a
portion of the outstanding principal amount of any Base Rate Loans into LIBOR Loans, or to convert any LIBOR Loans the Interest Periods for which end on the same day into Base Rate Loans, or (ii) upon the expiration of any Interest Period, to
continue all or a portion of the outstanding principal amount of any LIBOR Loans the Interest Periods for which end on the same day for an additional Interest Period, provided that (w) any such conversion of LIBOR Loans into Base Rate
Loans shall involve an aggregate principal amount of not less than $3,000,000 or, if greater, an integral multiple of $1,000,000 in excess thereof; any such conversion of Base

  

 27 

	 	 
Rate Loans into, or continuation of, LIBOR Loans shall involve an aggregate principal amount of not less than $5,000,000 or, if greater, an integral multiple of $1,000,000 in excess thereof; and
no partial conversion of LIBOR Loans made pursuant to a single Borrowing shall reduce the outstanding principal amount of such LIBOR Loans to less than $5,000,000 or to any greater amount not an integral multiple of $1,000,000 in excess thereof,
(x) except as otherwise provided in Section 2.12(f), LIBOR Loans may be converted into Base Rate Loans only on the last day of the Interest Period applicable thereto (and, in any event, if a LIBOR Loan is converted into a Base Rate
Loan on any day other than the last day of the Interest Period applicable thereto, the Borrower will pay, upon such conversion, all amounts required under Section 2.14 to be paid as a consequence thereof), and (y) no conversion of
Base Rate Loans into LIBOR Loans or continuation of LIBOR Loans shall be permitted during the continuance of a Default or Event of Default. 

  

	 	(b)	The Borrower shall make each such election by giving the Administrative Agent written notice not later than 11:00 a.m., Charlotte time, three (3) Business Days
prior to the intended effective date of any conversion of Base Rate Loans into, or continuation of, LIBOR Loans and one (1) Business Day prior to the intended effective date of any conversion of LIBOR Loans into Base Rate Loans. Each such
notice (each, a “Notice of Conversion/Continuation”) shall be irrevocable, shall be given in the form of Exhibit B-3 and shall specify (x) the date of such conversion or continuation (which shall be a Business Day),
(y) in the case of a conversion into, or a continuation of, LIBOR Loans, the Interest Period to be applicable thereto, and (z) the aggregate amount, and Type of the Loans being converted or continued. Upon the receipt of a Notice of
Conversion/Continuation, the Administrative Agent will promptly notify each applicable Lender of the proposed conversion or continuation. In the event that the Borrower shall fail to deliver a Notice of Conversion/Continuation as provided herein
with respect to any outstanding LIBOR Loans, such LIBOR Loans shall automatically be converted to Base Rate Loans upon the expiration of the then current Interest Period applicable thereto (unless repaid pursuant to the terms hereof). In the event
the Borrower shall have failed to select in a Notice of Conversion/Continuation the duration of the Interest Period to be applicable to any conversion into, or continuation of, LIBOR Loans, then the Borrower shall be deemed to have selected an
Interest Period with a duration of one month. 

 2.9 Method of Payments; Computations; Apportionment of Payments.

  

	 	(a)	 All payments by the Borrower hereunder shall be made without setoff, counterclaim or other defense, in Dollars and in immediately available funds to
the Administrative Agent, for the account of the Lenders entitled to such payment or the Administrative Agent, as the case may be (except as otherwise expressly provided herein as to payments required to be made directly to the Lenders) at the
Payment Office prior to 12:00 noon, Charlotte time, on the date payment is due. Any payment made as required hereinabove, but after 12:00 noon, Charlotte time, shall be deemed to have been made on the next succeeding Business Day. If any

  

 28 

	 	 
payment falls due on a day that is not a Business Day, then such due date shall be extended to the next succeeding Business Day (except that in the case of LIBOR Loans to which the provisions of
Section 2.7(iii) are applicable, such due date shall be the next preceding Business Day), and such extension of time shall then be included in the computation of payment of interest, fees or other applicable amounts.

  

	 	(b)	The Administrative Agent will distribute to the Lenders like amounts relating to payments made to the Administrative Agent for the account of the Lenders as follows:
(i) if the payment is received by 12:00 noon, Charlotte time, in immediately available funds, the Administrative Agent will make available to each relevant Lender on the same date, by wire transfer of immediately available funds, such
Lender’s ratable share of such payment (based on the percentage that the amount of the relevant payment owing to such Lender bears to the total amount of such payment owing to all of the relevant Lenders), and (ii) if such payment is
received after 12:00 noon, Charlotte time, or in other than immediately available funds, the Administrative Agent will make available to each such Lender its ratable share of such payment by wire transfer of immediately available funds on the next
succeeding Business Day (or in the case of uncollected funds, as soon as practicable after collected). If the Administrative Agent shall not have made a required distribution to the appropriate Lenders as required hereinabove after receiving a
payment for the account of such Lenders, the Administrative Agent will pay to each such Lender, on demand, its ratable share of such payment with interest thereon at the Federal Funds Rate for each day from the date such amount was required to be
disbursed by the Administrative Agent until the date repaid to such Lender. 

  

	 	(c)	Unless the Administrative Agent shall have received notice from the Borrower prior to the date on which any payment is due to the Administrative Agent for the account
of the Lenders hereunder that the Borrower will not make such payment, the Administrative Agent may assume that the Borrower has made such payment on such date in accordance herewith and may, in reliance upon such assumption, distribute to the
Lenders, as the case may be, the amount due. In such event, if the Borrower has not in fact made such payment, then each Lender, as the case may be, severally agrees to repay to the Administrative Agent forthwith on demand the amount so distributed
to such Lender, with interest thereon, for each day from and including the date such amount is distributed to it to but excluding the date of payment to the Administrative Agent, at the greater of the Federal Funds Rate and a rate determined by the
Administrative Agent in accordance with banking industry rules on interbank compensation. 

  

	 	(d)	All computations of interest and fees hereunder (including computations of the Reserve Requirement) shall be made on the basis of a year consisting of (i) in the
case of interest on Base Rate Loans, 365/366 days, as the case may be, or (ii) in all other instances, 360 days; and in each case under (i) and (ii) above, with regard to the actual number of days (including the first day, but
excluding the last day) elapsed. 

  

 29 

	 	(e)	Notwithstanding any other provision of this Agreement or any other Credit Document to the contrary, all amounts collected or received by the Administrative Agent or any
Lender after acceleration of the Loans pursuant to Section 8.2 shall be applied by the Administrative Agent as follows: 

(i) first, to the payment of all reasonable out-of-pocket costs and expenses (including, without limitation, reasonable
attorneys’ and consultants’ fees irrespective of whether such fees are allowed as a claim after the occurrence of a Bankruptcy Event) of the Administrative Agent in connection with enforcing the rights of the Lenders under the Credit
Documents; 
 (ii) second, to the payment of any fees owed to the Administrative Agent hereunder or under any other
Credit Document; 
 (iii) third, to the payment of all reasonable and documented out-of-pocket costs and expenses
(including, without limitation, reasonable attorneys’ and consultants’ fees irrespective of whether such fees are allowed as a claim after the occurrence of a Bankruptcy Event) of each of the Lenders in connection with enforcing its rights
under the Credit Documents or otherwise with respect to the Obligations owing to such Lender; 
 (iv) fourth, to the
payment of all of the Obligations consisting of accrued fees and interest (including, without limitation, fees incurred and interest accruing at the then applicable rate after the occurrence of a Bankruptcy Event irrespective of whether a claim for
such fees incurred and interest accruing is allowed in such proceeding); 
 (v) fifth, to the payment of the outstanding
principal amount of the Obligations; 
 (vi) sixth, to the payment of all other Obligations and other obligations that
shall have become due and payable under the Credit Documents and not repaid; and 
 (vii) seventh, to the payment of the
surplus (if any) to whomever may be lawfully entitled to receive such surplus. 
 In carrying out the foregoing, (x) amounts received shall
be applied in the numerical order provided until exhausted prior to application to the next succeeding category, and (y) all amounts shall be apportioned ratably among the Lenders in proportion to the amounts of such principal, interest, fees
or other Obligations owed to them respectively pursuant to clauses (iii) through (vii) above. 
  

 30 

 2.10 Recovery of Payments. 

 

	 	(a)	The Borrower agrees that to the extent the Borrower makes a payment or payments to or for the account of the Administrative Agent or any Lender, which payment or
payments or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside or required to be repaid to a trustee, receiver or any other party under any bankruptcy, insolvency or similar state or federal law,
common law or equitable cause (whether as a result of any demand, settlement, litigation or otherwise), then, to the extent of such payment or repayment, the Obligation intended to be satisfied shall be revived and continued in full force and effect
as if such payment had not been received. 

  

	 	(b)	If any amounts distributed by the Administrative Agent to any Lender are subsequently returned or repaid by the Administrative Agent to the Borrower, its representative
or successor in interest, or any other Person, whether by court order, by settlement approved by the Lender in question, or pursuant to applicable Requirements of Law, such Lender will, promptly upon receipt of notice thereof from the Administrative
Agent, pay the Administrative Agent such amount. If any such amounts are recovered by the Administrative Agent from the Borrower, its representative or successor in interest or such other Person, the Administrative Agent will redistribute such
amounts to the Lenders on the same basis as such amounts were originally distributed. 

 2.11 Pro Rata Treatment.

  

	 	(a)	All fundings, continuations and conversions of Loans shall be made by the Lenders pro rata on the basis of their respective outstanding Loans. All payments on account
of principal of or interest on any Loans, fees or any other Obligations owing to or for the account of any one or more Lenders shall be apportioned ratably among such Lenders in proportion to the amounts of such principal, interest, fees or other
Obligations owed to them respectively. 

  

	 	(b)	 If any Lender shall, by exercising any right of setoff or counterclaim or otherwise, obtain payment in respect of any principal of or interest on any
of its Loans or other Obligations hereunder resulting in such Lender’s receiving payment of a proportion of the aggregate amount of its Loans and accrued interest thereon or other such Obligations greater than its pro rata share thereof as
provided herein, then the Lender receiving such greater proportion shall (a) notify the Administrative Agent of such fact, and (b) purchase (for cash at face value) participations in the Loans and such other Obligations of the other
Lenders, or make such other adjustments as shall be equitable, so that the benefit of all such payments shall be shared by the Lenders ratably in accordance with the aggregate amount of principal of and accrued interest on their respective Loans and
other amounts owing them, provided that (i) if any such participations are purchased and all or any portion of the payment giving rise thereto is recovered, such participations shall be rescinded and the purchase price restored to the
extent of such recovery, without interest, and (ii) the provisions of this Section shall not be 

 

 31 

	 	 
construed to apply to (x) any payment made by the Borrower pursuant to and in accordance with the express terms of this Agreement or (y) any payment obtained by a Lender as
consideration for the assignment of or sale of a participation in any of its Loans to any assignee or participant, other than to the Borrower or any Subsidiary thereof (as to which the provisions of this Section 2.11(b) shall apply). The
Borrower consents to the foregoing and agrees, to the extent it may effectively do so under applicable law, that any Lender acquiring a participation pursuant to the foregoing arrangements may exercise against the Borrower rights of setoff and
counterclaim with respect to such participation as fully as if such Lender were a direct creditor of the Borrower in the amount of such participation. If under any applicable bankruptcy, insolvency or similar law, any Lender receives a secured claim
in lieu of a setoff to which this Section 2.11(b) applies, such Lender shall, to the extent practicable, exercise its rights in respect of such secured claim in a manner consistent with the rights of the Lenders entitled under this
Section 2.11(b) to share in the benefits of any recovery on such secured claim. 

 2.12 Increased
Costs; Change in Circumstances; Illegality. 
  

	 	(a)	If any Change in Law shall: 

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

(ii) subject any Lender to any tax of any kind whatsoever with respect to this Agreement or any LIBOR Loan made by it, or change the
basis of taxation of payments to such Lender in respect thereof (except for Indemnified Taxes or Other Taxes covered by Section 2.13 and the imposition of, or any change in the rate of, any Excluded Tax payable by such Lender); or

 (iii) impose on any Lender or the London interbank market any other condition, cost or expense affecting this Agreement or
LIBOR Loans made by such Lender or participation therein; 
 and the result of any of the foregoing shall be to increase the cost to such Lender
of making or maintaining any LIBOR Loan (or of maintaining its obligation to make any such Loan), or to reduce the amount of any sum received or receivable by such Lender hereunder (whether of principal, interest or any other amount), then, upon
request of such Lender, the Borrower will pay to such Lender, such additional amount or amounts as will compensate such Lender for such additional costs incurred or reduction suffered. 

 

	 	(b)	 If any Lender determines that any Change in Law affecting such Lender or any Lending Office of such Lender or such Lender’s holding company, if
any, 

  

 32 

	 	 
regarding capital requirements has or would have the effect of reducing the rate of return on such Lender’s capital or on the capital of such Lender’s holding company, if any, as a
consequence of this Agreement, the Loans made by such Lender to a level below that which such Lender or such Lender’s holding company could have achieved but for such Change in Law (taking into consideration such Lender’s policies and the
policies of such Lender’s holding company with respect to capital adequacy), then from time to time the Borrower will pay to such Lender such additional amount or amounts as will compensate such Lender or such Lender’s holding company for
any such reduction suffered.” 

  

	 	(c)	A certificate of a Lender (which shall be in reasonable detail) setting forth the amount or amounts necessary to compensate such Lender or its holding company, as
specified in Section 2.12(a) or Section 2.12(b) and delivered to the Borrower shall be conclusive absent manifest error. The Borrower shall pay such Lender, the amount shown as due on any such certificate within ten
(10) Business Days after receipt thereof. 

  

	 	(d)	Failure or delay on the part of any Lender to demand compensation pursuant to the foregoing provisions of this Section shall not constitute a waiver of such
Lender’s right to demand such compensation, provided that the Borrower shall not be required to compensate a Lender pursuant to the foregoing provisions of this Section for any increased costs incurred or reductions suffered more than
180 days prior to the date that such Lender, notifies the Borrower of the Change in Law giving rise to such increased costs or reductions and of such Lender’s intention to claim compensation therefor (except that, if the Change in Law giving
rise to such increased costs or reductions is retroactive, then the 180 day period referred to above shall be extended to include the period of retroactive effect thereof). 

 

	 	(e)	 If, on or prior to the first day of any Interest Period, (y) the Administrative Agent shall have determined in good faith that adequate and
reasonable means do not exist for ascertaining the applicable LIBOR Rate for such Interest Period or (z) the Administrative Agent shall have received written notice from the Required Lenders of their determination in good faith that the rate of
interest referred to in the definition of “LIBOR Rate” upon the basis of which the Adjusted LIBOR Rate for LIBOR Loans for such Interest Period is to be determined will not adequately and fairly reflect the cost to such Lenders of making
or maintaining LIBOR Loans during such Interest Period, the Administrative Agent will forthwith so notify the Borrower and the Lenders. Upon such notice, (i) all then outstanding LIBOR Loans shall automatically, on the expiration date of the
respective Interest Periods applicable thereto (unless then repaid in full), be converted into Base Rate Loans, (ii) the obligation of the Lenders to make, to convert Base Rate Loans into, or to continue, LIBOR Loans shall be suspended
(including pursuant to the Borrowing to which such Interest Period applies), and (iii) any Notice of Conversion/Continuation given at any time thereafter with respect to LIBOR Loans shall be deemed to be a request for Base Rate Loans, in each
case until the Administrative Agent or the Required Lenders, as the case may 

  

 33 

	 	 
be, shall have determined that the circumstances giving rise to such suspension no longer exist (and the Required Lenders, if making such determination, shall have so notified the Administrative
Agent), and the Administrative Agent shall have so notified the Borrower and the Lenders. 

  

	 	(f)	Notwithstanding any other provision in this Agreement, if, at any time after the date hereof and from time to time, any Lender shall have determined in good faith that
the introduction of or any change in any applicable law, rule or regulation or in the interpretation or administration thereof by any Governmental Authority charged with the interpretation or administration thereof, or compliance with any guideline
or request from any such Governmental Authority (whether or not having the force of law), has or would have the effect of making it unlawful for such Lender to make or to continue to make or maintain LIBOR Loans, such Lender will forthwith so notify
the Administrative Agent and the Borrower. Upon such notice, (i) each of such Lender’s then outstanding LIBOR Loans shall automatically, on the expiration date of the respective Interest Period applicable thereto (or, to the extent any
such LIBOR Loan may not lawfully be maintained as a LIBOR Loan until such expiration date, upon such notice) and to the extent not sooner prepaid, be converted into a Base Rate Loan, (ii) the obligation of such Lender to make, to convert Base
Rate Loans into, or to continue, LIBOR Loans shall be suspended, and (iii) any Notice of Conversion/Continuation given at any time thereafter with respect to LIBOR Loans shall, as to such Lender, be deemed to be a request for a Base Rate Loan,
in each case until such Lender shall have determined that the circumstances giving rise to such suspension no longer exist and shall have so notified the Administrative Agent, and the Administrative Agent shall have so notified the Borrower.

 2.13 Taxes. 
  

	 	(a)	Any and all payments by or on account of any obligation of the Borrower hereunder or under any other Credit Document shall be made free and clear of and without
reduction or withholding for any Indemnified Taxes or Other Taxes, provided that if the Borrower shall be required by applicable law to deduct any Indemnified Taxes (including any Other Taxes) from such payments, then (i) the sum payable
shall be increased as necessary so that after making all required deductions (including deductions applicable to additional sums payable under this Section) the Administrative Agent or Lender, as the case may be, receives an amount equal to the sum
it would have received had no such deductions been made, (ii) the Borrower shall make such deductions and (iii) the Borrower shall timely pay the full amount deducted to the relevant Governmental Authority in accordance with applicable
law. 

  

	 	(b)	Without limiting the provisions of Section 2.13(a), the Borrower shall timely pay any Other Taxes to the relevant Governmental Authority in accordance with
applicable law. 

  

 34 

	 	(c)	The Borrower shall indemnify the Administrative Agent and each Lender, within ten (10) Business Days after demand therefor, for the full amount of any Indemnified
Taxes or Other Taxes (including Indemnified Taxes or Other Taxes imposed or asserted on or attributable to amounts payable under this Section) paid by the Administrative Agent or such Lender, as the case may be, and any penalties, interest and
reasonable expenses arising therefrom or with respect thereto, whether or not such Indemnified Taxes or Other Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. A certificate (which shall be in reasonable
detail) as to the amount of such payment or liability delivered to the Borrower by a Lender (with a copy to the Administrative Agent), or by the Administrative Agent on its own behalf or on behalf of a Lender, shall be conclusive absent manifest
error. The Administrative Agent and each Lender agrees to cooperate with any reasonable request made by the Borrower in respect of a claim of a refund in respect of Indemnified Taxes as to which it has been indemnified by the Borrower or with
respect to which the Borrower has paid additional amounts pursuant to this Section 2.13 if (i) the Borrower has agreed in writing to pay all of the Administrative Agent’s or such Lender’s reasonable out-of-pocket costs and
expenses relating to such claim, (ii) the Administrative Agent or such Lender determines, in its good faith judgment, that it would not be disadvantaged, unduly burdened or prejudiced as a result of such claim and (iii) the Borrower
furnishes, upon request of the Administrative Agent or such Lender, an opinion of tax counsel (such opinion and such counsel to be reasonably acceptable to the Administrative Agent or such Lender) to the effect that such Indemnified Taxes were
wrongly or illegally imposed. 

  

	 	(d)	As soon as practicable after any payment of Indemnified Taxes or Other Taxes by the Borrower to a Governmental Authority, the Borrower shall deliver to the
Administrative Agent the original or a certified copy of a receipt issued by such Governmental Authority evidencing such payment, a copy of the return reporting such payment or other evidence of such payment reasonably satisfactory to the
Administrative Agent. 

  

	 	(e)	Any Foreign Lender that is entitled to an exemption from or reduction of withholding tax under the law of the jurisdiction in which the Borrower is resident for tax
purposes, or any treaty to which such jurisdiction is a party, with respect to payments hereunder or under any other Credit Document shall deliver to the Borrower (with a copy to the Administrative Agent), at the time or times prescribed by
applicable law or reasonably requested by the Borrower or the Administrative Agent, such properly completed and executed documentation prescribed by applicable law as will permit such payments to be made without withholding or at a reduced rate of
withholding. In addition, any Lender, if requested by the Borrower or the Administrative Agent, shall deliver such other documentation prescribed by applicable law or reasonably requested by the Borrower or the Administrative Agent as will enable
the Borrower or the Administrative Agent to determine whether or not such Lender is subject to backup withholding or information reporting requirements. 

 

 35 

 Without limiting the generality of the foregoing, in the event that the Borrower is resident
for tax purposes in the United States, any Foreign Lender shall deliver to the Borrower and the Administrative Agent (in such number of copies as shall be requested by the recipient) on or prior to the date on which such Foreign Lender becomes a
Lender under this Agreement (and from time to time thereafter upon the request of the Borrower or the Administrative Agent, but only if such Foreign Lender is legally entitled to do so), whichever of the following is applicable: 

(i) duly completed copies of Internal Revenue Service Form W-8BEN claiming eligibility for benefits of an income tax treaty to which the
United States is a party, 
 (ii) duly completed copies of Internal Revenue Service 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 to the effect that such Foreign Lender is not (A) a “bank” within the meaning of Section 881(c)(3)(A) of the Code, (B) a “10 percent shareholder” of the Borrower within the meaning of
Section 881(c)(3)(B) of the Code, or (C) a “controlled foreign corporation” described in Section 881(c)(3)(C) of the Code and (y) duly completed copies of Internal Revenue Service Form W-8BEN, or 

(iv) any other form prescribed by applicable law as a basis for claiming exemption from or a reduction in United States Federal
withholding tax duly completed together with such supplementary documentation as may be prescribed by applicable law to permit the Borrower to determine the withholding or deduction required to be made. 

 

	 	(f)	If the Administrative Agent or any Lender determines that it has received a refund of any Taxes or Other Taxes as to which it has been indemnified by the Borrower or
with respect to which the Borrower has paid additional amounts pursuant to this Section, it shall pay to the Borrower an amount equal to such refund (but only to the extent of indemnity payments made, or additional amounts paid, by the Borrower
under this Section with respect to the Taxes or Other Taxes giving rise to such refund), net of all out-of-pocket expenses of the Administrative Agent or such Lender, as the case may be, and without interest (other than any interest paid by the
relevant Governmental Authority with respect to such refund), provided that the Borrower, upon the request of the Administrative Agent or such Lender, agrees to repay the amount paid over to the Borrower (plus any penalties, interest or other
charges imposed by the relevant Governmental Authority) to the Administrative Agent or such Lender in the event the Administrative Agent or such Lender is required to repay such refund to such Governmental Authority. This Section 2.13(f)
shall not be construed to require the Administrative Agent or any Lender to make available its tax returns (or any other information relating to its taxes that it deems confidential) to the Borrower or any other Person. 

 

 36 

 2.14 Compensation. The Borrower will compensate each Lender upon demand for all losses,
expenses and liabilities (including, without limitation, any loss, expense or liability incurred by reason of the liquidation or reemployment of deposits or other funds required by such Lender to fund or maintain LIBOR Loans) that such Lender may
incur or sustain (i) if for any reason (other than a default by such Lender) a continuation of, or conversion into, a LIBOR Loan does not occur on a date specified therefor in a Notice of Conversion/Continuation, (ii) if any repayment,
prepayment or conversion of any LIBOR Loan occurs on a date other than the last day of an Interest Period applicable thereto (including as a consequence of any assignment made pursuant to Section 2.15(a) or any acceleration of the
maturity of the Loans pursuant to Section 8.2), (iii) if any prepayment of any LIBOR Loan is not made on any date specified in a notice of prepayment given by the Borrower or (iv) as a consequence of any other failure by the
Borrower to make any payments with respect to any LIBOR Loan when due hereunder. Calculation of all amounts payable to a Lender under this Section 2.14 shall be made as though such Lender had actually funded its relevant LIBOR Loan
through the purchase of a Eurodollar deposit bearing interest at the LIBOR Rate in an amount equal to the amount of such LIBOR Loan, having a maturity comparable to the relevant Interest Period; provided, however, that each Lender may
fund its LIBOR Loans in any manner it sees fit and the foregoing assumption shall be utilized only for the calculation of amounts payable under this Section 2.14. A certificate (which shall be in reasonable detail) showing the bases for
the determinations set forth in this Section 2.14 by any Lender as to any additional amounts payable pursuant to this Section 2.14 shall be submitted by such Lender to the Borrower either directly or through the
Administrative Agent. Determinations set forth in any such certificate made in good faith for purposes of this Section 2.14 of any such losses, expenses or liabilities shall be conclusive absent manifest error. 

2.15 Replacement of Lenders; Mitigation of Costs. 
  

	 	(a)	The Borrower may, at any time (other than after the occurrence and during the continuance of an Event of Default) at its sole expense and effort, require any Lender
(i) that has requested compensation from the Borrower under Sections 2.12(a) or 2.12(b) or payments from the Borrower under Section 2.13, or (ii) the obligation of which to make or maintain LIBOR Loans has
been suspended under Section 2.12(f) or (iii) that is a Defaulting Lender or a Nonconsenting Lender, in any case upon notice to such Lender and the Administrative Agent, to assign and delegate, without recourse (in accordance with
and subject to the restrictions contained in, and consents required by, Section 10.6), all of its interests, rights and obligations under this Agreement and the related Credit Documents to an assignee that shall assume such obligations
(which assignee may be another Lender, if a Lender accepts such assignment); provided that: 

 (i) the
Administrative Agent shall have received the assignment fee specified in Section 10.6(b)(iv), which fee shall be payable by the Borrower or such assignee; 

 

 37 

 (ii) such Lender shall have received payment of an amount equal to the outstanding
principal of its Loans, accrued interest thereon, accrued fees and all other amounts payable to it hereunder and under the other Credit Documents (including any amounts under Section 2.14) from the assignee (to the extent of such
outstanding principal and accrued interest and fees) or the Borrower (in the case of all other amounts); 
 (iii) in the case of
any such assignment resulting from a request for compensation under Sections 2.12(a) or 2.12(b) or payments required to be made pursuant to Section 2.13, such assignment will result in a reduction in such compensation or
payments thereafter; 
 (iv) in the case of an assignment of the interests, rights and obligations under this Agreement and the
related Credit Documents of a Nonconsenting Lender, such assignee shall have approved (or shall approve) such consent, waiver or amendment that resulted in the Nonconsenting Lender becoming a Nonconsenting Lender; and 

(v) such assignment does not conflict with applicable Requirements of Law. 

A Lender shall not be required to make any such assignment or delegation if, prior thereto, as a result of a waiver by such Lender or
otherwise, the circumstances entitling the Borrower to require such assignment and delegation cease to apply. 
  

	 	(b)	If any Lender requests compensation under Sections 2.12(a) or 2.12(b), or the Borrower is required to pay any additional amount to any Lender or any
Governmental Authority for the account of any Lender pursuant to Section 2.13, or if any Lender gives a notice pursuant to Section 2.12(f), then such Lender shall use reasonable efforts to designate a different Lending Office
for funding or booking its Loans hereunder or to assign its rights and obligations hereunder to another of its offices, branches or affiliates, if, in the judgment of such Lender, such designation or assignment (i) would eliminate or reduce
amounts payable pursuant to Sections 2.12(a), 2.12(b) or 2.13, as the case may be, in the future, or eliminate the need for the notice pursuant to Section 2.12(f), as applicable, and (ii) in each case, would not
subject such Lender to any unreimbursed cost or expense and would not otherwise be disadvantageous to such Lender. The Borrower hereby agrees to pay all reasonable costs and expenses incurred by any Lender in connection with any such designation or
assignment. 

  

 38 

 ARTICLE III 

[RESERVED] 

ARTICLE IV 

REPRESENTATIONS AND WARRANTIES 

To induce the Administrative Agent and the Lenders to enter into this Agreement and to induce the Lenders to extend the credit
contemplated hereby, the Borrower represents and warrants to the Administrative Agent and the Lenders as follows: 
 4.1
Corporate Organization and Power. Each Credit Party (i) is a corporation or a limited liability company duly organized or formed, validly existing and in good standing under the laws of the jurisdiction of its incorporation or formation, as the
case may be (which jurisdictions, as of the Restatement Effective Date, are set forth on Schedule 4.1), (ii) has the full corporate or limited liability company power and authority to execute, deliver and perform the Credit
Documents to which it is or will be a party, to own and hold its property and to engage in its business as presently conducted, and (iii) is duly qualified to do business as a foreign corporation or limited liability company and is in good
standing in each jurisdiction where the nature of its business or the ownership of its properties requires it to be so qualified, except where the failure to be so qualified, individually or in the aggregate, could not reasonably be expected to have
a Material Adverse Effect. 
 4.2 Authorization; Enforceability. Each Credit Party has taken all necessary corporate or limited
liability action, as applicable, to execute, deliver and perform each of the Credit Documents to which it is a party, and has (or on any later date of execution and delivery will have) validly executed and delivered each of the Credit Documents to
which it is a party. This Agreement constitutes, and each of the other Credit Documents upon execution and delivery will constitute, the legal, valid and binding obligation of each Credit Party that is a party hereto or thereto, enforceable against
it in accordance with its terms, except as enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting creditors’ rights generally, by general equitable principles or by principles of good
faith and fair dealing (regardless of whether enforcement is sought in equity or at law). 
 4.3 No Violation. The execution,
delivery and performance by each Credit Party of each of the Credit Documents to which it is a party, and compliance by it with the terms hereof and thereof, do not and will not (i) violate any provision of its articles or certificate of
incorporation or formation, its bylaws or operating agreement, or other applicable formation or organizational documents, (ii) contravene any other Requirement of Law applicable to it, (iii) conflict with, result in a breach of or
constitute (with notice, lapse of time or both) a default under any indenture, mortgage, lease, agreement, contract or other instrument to which it is a party, by which it or any of its properties is bound or to which it is subject, or
(iv) result in or require the creation or imposition of any Lien, other than a Permitted Lien, upon any of its properties, revenues or assets; except, in the case of clauses (ii) and (iii) above, where such violations, conflicts,
breaches or defaults, individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect. 
  

 39 

 4.4 Governmental and Third-Party Authorization; Permits. No consent, approval, authorization
or other action by, notice to, or registration or filing with, any Governmental Authority, Self-Regulatory Organization, or other Person is required as a condition to or otherwise in connection with the due execution, delivery and performance by
each Credit Party of this Agreement or any of the other Credit Documents to which it is a party or the legality, validity or enforceability hereof or thereof, other than (i) consents, authorizations and filings that have been made or obtained
and that are in full force and effect, which consents, authorizations and filings are listed on Schedule 4.4, and (ii) consents and filings the failure to obtain or make which, individually or in the aggregate, could not reasonably
be expected to have a Material Adverse Effect. Each Credit Party has, and is in good standing with respect to, all governmental approvals, licenses, permits and authorizations necessary to conduct its business as presently conducted and to own or
lease and operate its properties, except for those the failure to obtain which, individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect. 

4.5 Litigation. Except as set forth on Schedule 4.5, there are no actions, investigations, suits or proceedings pending or, to the
knowledge of the Borrower, threatened, at law, in equity or in arbitration, before any court, other Governmental Authority, Self-Regulatory Organization, arbitrator or other Person, (i) against or affecting any of the Credit Parties or any of
their respective properties that, if adversely determined, could reasonably be expected to have a Material Adverse Effect, or (ii) with respect to this Agreement, any of the other Credit Documents or any of the other transactions contemplated
hereby or thereby. 
 4.6 Taxes. Each of the Borrower and its Subsidiaries has timely filed all federal, state, local and
foreign tax returns and reports required to be filed by it and has paid, prior to the date on which penalties would attach thereto or a Lien would attach to any of its properties if unpaid, all taxes, assessments, fees and other charges levied upon
it or upon its properties that are shown thereon as due and payable, other than those that are not yet delinquent or that are being contested in good faith and by proper proceedings and for which adequate reserves have been established in accordance
with GAAP. Such returns accurately reflect in all material respects all liability for taxes of the Borrower and its Subsidiaries for the periods covered thereby. As of the Restatement Effective Date, there is no ongoing audit or examination or, to
the knowledge of the Borrower, other investigation by any Governmental Authority of the tax liability of any of the Borrower or its Subsidiaries, and there is no material unresolved claim by any Governmental Authority concerning the tax liability of
the Borrower or any of its Subsidiaries for any period for which tax returns have been or were required to have been filed, other than unsecured claims for which adequate reserves have been established in accordance with GAAP. As of the Restatement
Effective Date, neither the Borrower nor any of its Subsidiaries has waived or extended or has been requested to waive or extend the statute of limitations relating to the payment of any taxes. 

4.7 Subsidiaries. Schedule 4.7 sets forth a list, as of the Restatement Effective Date, of all of the Subsidiaries of the
Borrower and as to each such Subsidiary, the percentage ownership (direct and indirect) of the Borrower in each class of its Capital Stock and each direct owner thereof. 
  

 40 

 4.8 Full Disclosure. All factual information heretofore, contemporaneously or hereafter
furnished in writing to the Administrative Agent, any Arranger or any Lender by or on behalf of any Credit Party pursuant to this Agreement or the other Credit Documents is or will be true and accurate in all material respects on the date as of
which such information is dated or certified (or, if such information has been updated, amended or supplemented, on the date as of which any such update, amendment or supplement is dated or certified) and not made incomplete by omitting to state a
material fact necessary to make the statements contained herein and therein, in light of the circumstances under which such information was provided, not misleading; provided that, with respect to projections, budgets and other estimates,
except as specifically represented in Section 4.11(b), the Borrower represents only that such information was prepared in good faith based upon assumptions believed to be reasonable at the time. As of the Restatement Effective Date,
there is no fact known to any Credit Party that has, or could reasonably be expected to have, a Material Adverse Effect, which fact has not been set forth herein, in the consolidated financial statements of the Borrower and its Subsidiaries
furnished to the Administrative Agent and/or the Lenders, or in any certificate, opinion or other written statement made or furnished by the Borrower to the Administrative Agent and/or the Lenders. 

4.9 Margin Regulations. No Credit Party is engaged principally, or as one of its important activities, in the business of extending
credit for the purpose of purchasing or carrying Margin Stock. No proceeds of the Loans will be used, directly or indirectly, to purchase or carry any Margin Stock, to extend credit for such purpose or for any other purpose, in each case that would
violate or be inconsistent with Regulations T, U or X or any provision of the Exchange Act. 
 4.10 No Material Adverse Effect.
There has been no Material Adverse Effect since December 31, 2008 and there exists no event, condition or state of facts that could reasonably be expected to result in a Material Adverse Effect. 

4.11 Financial Matters. 
  

	 	(a)	The Borrower has heretofore furnished to the Administrative Agent copies of the audited consolidated balance sheets of the Borrower and its Subsidiaries, for the 2008
and 2007 fiscal years, in each case with the related statements of income, stockholders’ equity, comprehensive income and cash flows for the fiscal years then ended, together with the opinions of Ernst & Young LLP thereon. Such
financial statements have been prepared in accordance with GAAP and present fairly in all material respects the financial condition of the Borrower and its Subsidiaries on a consolidated basis as of the respective dates thereof and the results of
operations of the Borrower and its Subsidiaries on a consolidated basis for the respective periods then ended. Except as fully reflected in the most recent financial statements referred to above and the notes thereto, there are no material
liabilities or obligations with respect to the Borrower and its Subsidiaries of any nature whatsoever (whether absolute, contingent or otherwise and whether or not due) that are required in accordance with GAAP to be reflected in such financial
statements and that are not so reflected. 

  

 41 

	 	(b)	The Borrower has prepared, and has heretofore furnished to the Administrative Agent a copy of, projected consolidated balance sheets and statements of income and cash
flows of the Borrower and its Subsidiaries prepared on an annual basis through the end of fiscal year 2012, giving effect to the initial extensions of credit made under this Agreement, the payment of transaction fees and expenses related to the
foregoing and the consummation of the other transactions contemplated hereby (the “Projections”). In the good faith opinion of management of the Borrower, the assumptions used in the preparation of the Projections were fair,
complete and reasonable when made and continue to be fair, complete and reasonable as of the date hereof. The Projections have been prepared in good faith by the executive and financial personnel of the Borrower, are complete and represent a
reasonable estimate of the future performance and financial condition of the Borrower and its Subsidiaries, subject to the uncertainties and approximations inherent in any projections. 

 

	 	(c)	After giving effect to the consummation of the transactions contemplated hereby, each Credit Party (i) has capital sufficient to carry on its businesses as
conducted and as proposed to be conducted, (ii) has assets with a fair saleable value, determined on a going concern basis, which are (y) not less than the amount required to pay the probable liability on its existing debts as they become
absolute and matured and (z) greater than the total amount of its liabilities (including identified contingent liabilities, valued at the amount that can reasonably be expected to become absolute and matured in their ordinary course), and
(iii) does not intend to, and does not believe that it will, incur debts or liabilities beyond its ability to pay such debts and liabilities as they mature in their ordinary course. 

 

	 	(d)	Since December 31, 2008, there has not been an occurrence of a “material weakness” (as defined in statement on Auditing Standards No. 60) in, or
fraud that involves management or other employees who have a significant role in, the Borrower’s internal controls over financial reporting, in each case as described in Section 404 of the Sarbanes-Oxley Act of 2002 and all rules and
regulations promulgated thereunder and the accounting and auditing principles, rules, standards and practices promulgated or approved with respect thereto, in each case that could reasonably be expected to have a Material Adverse Effect.

  

	 	(e)	Neither (i) the board of directors of the Borrower, a committee thereof or an authorized officer of the Borrower has concluded that any financial statement
previously furnished to the Administrative Agent should no longer be relied upon because of an error, nor (ii) has the Borrower been advised by its auditors that a previously issued audit report or interim review cannot be relied on.

 4.12 Ownership of Properties. Each of the Borrower and its Subsidiaries (i) has good and marketable title
to all real property owned by it, (ii) holds interests as lessee under valid leases in full force and effect with respect to all material leased real and personal property used in connection with its business, and (iii) has good title to
all of its other material properties and assets reflected in the most recent financial statements referred to in Section 4.11(a) (except as sold or otherwise disposed of since the date thereof in the ordinary course of business), in each
case free and clear of all Liens other than Permitted Liens. 
  

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 4.13 ERISA. 
  

	 	(a)	Each Credit Party and its ERISA Affiliates is in compliance with the applicable provisions of ERISA, and each Plan is and has been administered in compliance with all
applicable Requirements of Law, including, without limitation, the applicable provisions of ERISA and the Code, in each case except where the failure so to comply, individually or in the aggregate, could not reasonably be expected to have a Material
Adverse Effect. No ERISA Event (i) has occurred within the five (5) year period prior to the Restatement Effective Date, (ii) has occurred and is continuing, or (iii) to the knowledge of the Borrower, is reasonably expected to
occur with respect to any Plan. No Plan has any Unfunded Pension Liability as of the most recent annual valuation date applicable thereto, and no Credit Party or any of its ERISA Affiliates has engaged in a transaction that could be subject to
Section 4069 or 4212(c) of ERISA. 

  

	 	(b)	No Credit Party or any of its ERISA Affiliates has any outstanding liability on account of a complete or partial withdrawal from any Multiemployer Plan, and no Credit
Party or any of its ERISA Affiliates would become subject to any liability under ERISA if any such Credit Party or ERISA Affiliate were to withdraw completely from all Multiemployer Plans as of the most recent valuation date. No Multiemployer Plan
is in “reorganization” or is “insolvent” within the meaning of such terms under ERISA. 

 4.14
Environmental Matters. Neither the Borrower nor any of its Subsidiaries is involved in any suit, action or proceeding, or has received any notice, complaint or other request for information from any Governmental Authority or other Person, with
respect to any actual or alleged Environmental Claims, and to the knowledge of the Borrower, there are no threatened Environmental Claims, nor any basis therefor. 

4.15 Compliance with Laws. Each of the Borrower and its Subsidiaries has timely filed all material reports, documents and other materials
required to be filed by it under all applicable Requirements of Law with any Governmental Authority, has retained all material records and documents required to be retained by it under all applicable Requirements of Law, and is otherwise in
compliance with all applicable Requirements of Law in respect of the conduct of its business and the ownership and operation of its properties, including without limitation, the applicable rules of any Self-Regulatory Organization, except in each
case to the extent that the failure to comply therewith, individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect. 

4.16 Intellectual Property. Each of the Borrower and its Subsidiaries owns, or has the legal right to use, all Intellectual Property
necessary for it to conduct its business as currently conducted. No claim has been asserted or is pending by any Person challenging or questioning the use of any such Intellectual Property or the validity or effectiveness of any such Intellectual
Property, nor does the Borrower know of any such claim, and to the knowledge of the Borrower, 
  

 43 

 
the use of such Intellectual Property by any Credit Party does not infringe on the known rights of any Person, except for such claims and infringements that, individually or in the aggregate,
could not reasonably be expected to have a Material Adverse Effect. 
 4.17 Regulated Industries. No Credit Party is an
“investment company,” a company “controlled” by an “investment company,” or an “investment advisor,” within the meaning of the Investment Company Act of 1940, as amended. 

4.18 Insurance. The assets, properties and business of the Borrower and its Subsidiaries are insured against such hazards and
liabilities, under such coverages and in such amounts, as are customarily maintained by prudent companies similarly situated and under policies issued by insurers of recognized responsibility. 

4.19 Material Contracts. Schedule 4.19 lists, as of the Restatement Effective Date, each “material contract”
(within the meaning of Item 601(b)(10) of Regulation S-K under the Securities Act) to which the Borrower or any of its Subsidiaries is a party, by which the Borrower or any of its Subsidiaries or its properties is bound or to which the Borrower
or any of its Subsidiaries is subject (collectively, “Material Contracts”), and also indicates the parties thereto. As of the Restatement Effective Date, (i) each Material Contract is in full force and effect and is enforceable
by each of the Borrower and its Subsidiaries that is a party thereto in accordance with its terms, except as enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting creditors’ rights
generally, by general or equitable principles or by principles of good faith and fair dealing, and (ii) neither the Borrower nor any of its Subsidiaries or, to the knowledge of the Borrower, any other party thereto is in breach of or default
under any Material Contract in any material respect or has given notice of termination or cancellation of any Material Contract. 

4.20 No Burdensome Restrictions. No Credit Party is subject to any charter or corporate restriction or any provision of any applicable
Requirement of Law that, individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect. 

4.21 OFAC; Anti-Terrorism Laws. 
  

	 	(a)	No Credit Party or any Affiliate of any Credit Party (i) is a Sanctioned Person, (ii) has more than 15% of its assets in Sanctioned Countries, or
(iii) derives more than 15% of its operating income from investments in, or transactions with, Sanctioned Persons or Sanctioned Countries. No part of the proceeds of any Loan hereunder will be used directly or indirectly to fund any operations
in, finance any investments or activities in or make any payments to, a Sanctioned Person or a Sanctioned Country. 

  

	 	(b)	Neither the making of the Loans hereunder nor the use of the proceeds thereof will violate the PATRIOT Act, the Trading with the Enemy Act, as amended, or any of the
foreign assets control regulations of the United States Treasury Department (31 CFR, Subtitle B, Chapter V, as amended) or any enabling legislation or executive order relating thereto. The Credit Parties are in compliance in all material respects
with the PATRIOT Act. 

  

 44 

 ARTICLE V 

AFFIRMATIVE COVENANTS 

The Borrower covenants and agrees that, until the payment in full in cash of all principal and interest with respect to the Loans
together with all fees, expenses and other amounts then due and owing hereunder: 
 5.1 Financial Statements. The Borrower will
deliver to the Administrative Agent on behalf of the Lenders: 
  

	 	(a)	As soon as available and in any event within forty-five (45) days (or, if earlier and if applicable to the Borrower, the quarterly report deadline under the
Exchange Act rules and regulations) after the end of each of the first three fiscal quarters of each fiscal year, beginning with the first fiscal quarter of fiscal year 2009, unaudited consolidated and consolidating balance sheets of the Borrower
and its Subsidiaries as of the end of such fiscal quarter and unaudited consolidated and consolidating statements of income, cash flows and stockholders’ equity for the Borrower and its Subsidiaries for the fiscal quarter then ended and for
that portion of the fiscal year then ended, in each case setting forth comparative consolidated figures as of the end of and for the corresponding period in the preceding fiscal year together with comparative budgeted figures for the fiscal period
then ended, all in reasonable detail and prepared in accordance with GAAP (subject to the absence of notes required by GAAP and subject to normal year-end adjustments) applied on a basis consistent with that of the preceding quarter or containing
disclosure of the effect on the financial condition or results of operations of any change in the application of accounting principles and practices during such quarter; and 

 

	 	(b)	 As soon as available and in any event within ninety (90) days (or, if earlier and if applicable to the Borrower, the annual report deadline under
the Exchange Act rules and regulations) after the end of each fiscal year, beginning with fiscal year 2009, an audited consolidated and unaudited consolidating balance sheet of the Borrower and its Subsidiaries as of the end of such fiscal year and
the related audited consolidated and unaudited consolidating statements of income, cash flows and stockholders’ equity for the Borrower and its Subsidiaries for the fiscal year then ended, including the notes thereto, in each case setting forth
comparative consolidated figures as of the end of and for the preceding fiscal year together with comparative budgeted figures for the fiscal year then ended, all in reasonable detail and (with respect to the audited statements) certified by the
independent certified public accounting firm regularly retained by the Borrower or another independent certified public accounting firm of recognized national standing reasonably acceptable to the Administrative Agent, together with (y) a
report thereon by such accountants that is not qualified as to going concern or scope of audit and to the effect that such financial statements present fairly in all material respects the consolidated financial condition and results of operations of
the Borrower and its Subsidiaries as of the dates and for the periods indicated in 

  

 45 

	 	 
accordance with GAAP applied on a basis consistent with that of the preceding year or containing disclosure of the effect on the financial condition or results of operations of any change in the
application of accounting principles and practices during such year, and (z) a letter from such accountants to the effect that, based on and in connection with their examination of the financial statements of the Borrower and its Subsidiaries,
they obtained no knowledge of the occurrence or existence of any Default or Event of Default relating to accounting or financial reporting matters (which certificate may be limited to the extent required by accounting rules or guidelines), or a
statement specifying the nature and period of existence of any such Default or Event of Default disclosed by their audit. 

  

	 	(c)	In the event that any financial statement or Compliance Certificate delivered pursuant to Sections 5.2(a) or 5.2(b) is shown to be inaccurate (regardless
of whether this Agreement is in effect when such inaccuracy is discovered), and such inaccuracy, if corrected, would have led to the application of a higher Applicable Percentage for any period (an “Applicable Period”) than the
Applicable Percentage applied for such Applicable Period, then (i) the Borrower shall immediately deliver to the Administrative Agent a correct Compliance Certificate for such Applicable Period and (ii) the Borrower shall immediately pay
to the Administrative Agent the accrued additional interest owing as a result of such increased Applicable Percentage for such Applicable Period, which payment shall be promptly applied by the Administrative Agent in accordance with
Section 2.9. This Section 5.1(c) shall not limit the rights of the Administrative Agent and Lenders with respect to Sections 2.5(b) and 8.2. 

Documents required to be delivered pursuant to Sections 5.1, 5.2(a), 5.2(b), 5.2(c) or 5.2(d) may be delivered electronically and,
if so delivered, shall be deemed to have been delivered on the date (i) on which the Borrower provides notice to the Lenders that such information has been posted on the Borrower’s website on the Internet at
http://ir.theice.com/sec.cfm, at www.sec.gov/edgar/searchedgar/webusers.htm or at another website identified in such notice and accessible by the Lenders without charge; or (ii) on which such documents are posted on the
Borrower’s behalf on SyndTrak or another relevant website, if any, to which each of the Administrative Agent and each Lender has access; provided that (x) upon the request of the Administrative Agent or any Lender lacking access to
the internet or SyndTrak, the Borrower shall deliver paper copies of such documents to the Administrative Agent or such Lender (until a written request to cease delivering paper copies is given by the Administrative Agent or such Lender) and
(y) the Borrower shall notify (which may be by a facsimile or electronic mail) the Administrative Agent and each Lender of the posting of any documents. The Administrative Agent shall have no obligation to request the delivery of, or to
maintain copies of, the documents referred to in the proviso to the immediately preceding sentence or to monitor compliance by the Borrower with any such request for delivery, and each Lender shall be solely responsible for requesting delivery to it
or maintaining its copies of such documents. 
  

 46 

 5.2 Other Business and Financial Information. The Borrower will deliver to the
Administrative Agent and each Lender: 
  

	 	(a)	Concurrently with each delivery of the financial statements described in Sections 5.1(a) and 5.1(b), a Compliance Certificate with respect to the
period covered by the financial statements being delivered thereunder, executed by a Financial Officer of the Borrower, together with a Covenant Compliance Worksheet reflecting the computation of the financial covenants set forth in
Article VI as of the last day of the period covered by such financial statements; 

  

	 	(b)	As soon as available and in any event within thirty (30) days after the commencement of each fiscal year, beginning with the 2010 fiscal year, a consolidated
operating budget for the Borrower and its Subsidiaries for such fiscal year (prepared on an annual basis), consisting of a consolidated balance sheet and consolidated statements of income and cash flows, together with a certificate of a Financial
Officer of the Borrower to the effect that such budget has been prepared in good faith and is a reasonable estimate of the financial position and results of operations of the Borrower and its Subsidiaries for the period covered thereby; and as soon
as available from time to time thereafter, any modifications or revisions to or restatements of such budget; 

  

	 	(c)	Promptly upon receipt thereof, copies of any “management letter” submitted to any Credit Party by its certified public accountants in connection with each
annual, interim or special audit, and promptly upon completion thereof, any response reports from such Credit Party in respect thereof; 

  

	 	(d)	Promptly upon the sending, filing or receipt thereof, copies of (i) all financial statements, reports, notices and proxy statements that any Credit Party shall
send or make available generally to its stockholders, (ii) all regular, periodic and special reports, registration statements and prospectuses (other than on Form S-8) that any Credit Party shall render to or file with the Securities and
Exchange Commission, the National Association of Securities Dealers, Inc. or any national securities exchange or Self-Regulatory Organization, and (iii) all press releases and other statements made available generally by any Credit Party to the
public concerning material developments in the business of the Credit Parties; provided that notwithstanding anything to the contrary included in Section 5.1, the Borrower shall be deemed to have given notice to the Administrative
Agent and each Lender of the posting on the Borrower’s Internet website of the business and financial information set forth in clauses (i), (ii) or (iii) of this Section 5.2(d) at the time such information is posted
thereon and no further notice shall be required to be provided by the Borrower to the Administrative Agent and the Lenders with respect thereto; 

  

	 	(e)	Promptly upon (and in any event within five (5) Business Days after) any Responsible Officer of any Credit Party obtaining knowledge thereof, written notice of any
of the following: 

 (i) the occurrence of any Default or Event of Default, together with a written statement of a
Responsible Officer of the Borrower specifying the nature of such Default or Event of Default, the period of existence thereof and the action that the Borrower has taken and proposes to take with respect thereto; 

 

 47 

 (ii) the institution or threatened institution of any action, suit, investigation or
proceeding against or affecting the Borrower or any of its Subsidiaries, including any such investigation or proceeding by any Governmental Authority or Self-Regulatory Organization (other than routine periodic inquiries, investigations or reviews),
that, if adversely determined, could reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect, and any material adverse development in any litigation or other proceeding previously reported pursuant to
Section 4.5 or this Section 5.2(e)(ii); 
 (iii) the receipt by the Borrower or any of its Subsidiaries
from any Governmental Authority or Self-Regulatory Organization of (A) any notice asserting any failure by such Person to be in compliance with applicable Requirements of Law or that threatens the taking of any action against such Person or
sets forth circumstances that, if taken or adversely determined, could reasonably be expected to have a Material Adverse Effect, or (B) any notice of any actual or threatened suspension, limitation or revocation of, failure to renew, or
imposition of any restraining order, escrow or impoundment of funds in connection with, the Borrower or any of its Subsidiaries, where such action could reasonably be expected to have a Material Adverse Effect; 

(iv) the occurrence of any ERISA Event, together with (x) a written statement of a Responsible Officer of the Borrower specifying
the details of such ERISA Event and the action that the applicable Person has taken and proposes to take with respect thereto, (y) a copy of any notice with respect to such ERISA Event that may be required to be filed with the PBGC and
(z) a copy of any notice delivered by the PBGC to any Credit Party or an ERISA Affiliate with respect to such ERISA Event; 

(v) the occurrence of any material default under, or any proposed or threatened termination or cancellation of, any Material Contract
(including without limitation, the agreement between the Borrower and LCH.Clearnet for the provision of clearing services) or other material contract or agreement to which the Borrower or any of its Subsidiaries is a party, the default under or
termination or cancellation of which could reasonably be expected to have a Material Adverse Effect; 
 (vi) the occurrence of
any of the following: (y) the assertion of any Environmental Claim against or affecting the Borrower or any 
  

 48 

 
of its Subsidiaries or any real property leased, operated or owned by the Borrower or any of its Subsidiaries, or the Borrower or any of its Subsidiaries’ discovery of a basis for any such
Environmental Claim; or (z) the receipt by the Borrower or any of its Subsidiaries of notice of any alleged violation of or noncompliance with any Environmental Laws by the Borrower or any of its Subsidiaries or release of any Hazardous
Substance; but in each case under clauses (y) and (z) above, only to the extent the same could reasonably be expected to have a Material Adverse Effect; and 

(vii) any other matter or event that has, or could reasonably be expected to have, a Material Adverse Effect, together with a written
statement of a Responsible Officer of the Borrower setting forth the nature and period of existence thereof and the action that the affected Persons have taken and propose to take with respect thereto. 

 

	 	(f)	As promptly as reasonably possible, such other information about the business, condition (financial or otherwise), operations or properties of the Borrower or any of
its Subsidiaries as the Administrative Agent or any Lender may from time to time reasonably request. 

 5.3
Compliance with All Material Contracts. The Borrower will, and will cause each of its Subsidiaries to, comply in all material respects with each term, condition and provision of all Material Contracts. 

5.4 Existence; Franchises; Maintenance of Properties. The Borrower will, and will cause each of its Subsidiaries to, (i) maintain
and preserve in full force and effect its legal existence, except as expressly permitted otherwise by Section 7.1, (ii) obtain, maintain and preserve in full force and effect all other rights, franchises, licenses, permits,
certifications, approvals and authorizations required by Governmental Authorities and Self-Regulatory Organizations necessary to the ownership, occupation or use of its properties or the conduct of its business, except to the extent the failure to
do so could not reasonably be expected to have a Material Adverse Effect, and (iii) keep all material properties in good working order and condition (normal wear and tear and damage by casualty excepted) and from time to time make all necessary
repairs to and renewals and replacements of such properties, except to the extent that any of such properties are obsolete or are being replaced or, in the good faith judgment of the Borrower, are no longer useful or desirable in the conduct of the
business of the Credit Parties. 
 5.5 [Reserved] 

5.6 Compliance with Laws. The Borrower will, and will cause each of its Subsidiaries to, comply in all respects with all Requirements of
Law applicable in respect of the conduct of its business and the ownership and operation of its properties, except to the extent the failure so to comply could not reasonably be expected to have a Material Adverse Effect. 

 

 49 

 5.7 Payment of Obligations. The Borrower will, and will cause each of its Subsidiaries to,
(i) pay, discharge or otherwise satisfy at or before maturity all liabilities and obligations as and when due (subject to any applicable subordination, grace and notice provisions), except to the extent failure to do so could not reasonably be
expected to have a Material Adverse Effect, and (ii) pay and discharge all taxes, assessments and governmental charges or levies imposed upon it, upon its income or profits or upon any of its properties, prior to the date on which penalties
would attach thereto, and all lawful claims that, if unpaid, would become a Lien (other than a Permitted Lien) upon any of the properties of any such Person; provided, however, that no such Person shall be required to pay any such tax,
assessment, charge, levy or claim that is being contested in good faith and by proper proceedings and as to which such Credit Party is maintaining adequate reserves with respect thereto in accordance with GAAP. 

5.8 Insurance. The Borrower will, and will cause each of its Subsidiaries to, maintain with financially sound and reputable insurance
companies insurance with respect to its assets, properties and business, against such hazards and liabilities, of such types and in such amounts, as is customarily maintained by companies in the same or similar businesses similarly situated.

 5.9 Maintenance of Books and Records; Inspection. The Borrower will, and will cause each of its Subsidiaries to,
(i) maintain adequate books, accounts and records, in which full, true and correct entries shall be made of all financial transactions in relation to its business and properties, and prepare all financial statements required under this
Agreement, in each case in accordance with GAAP and in compliance with the requirements of any Governmental Authority or Self-Regulatory Organization having jurisdiction over it, and (ii) permit employees or agents of the Administrative Agent
or any Lender to visit and inspect its properties and examine or audit its books, records, working papers and accounts (except with respect to information which disclosure thereof is prohibited pursuant to arrangements among ICE Futures Europe, the
United Kingdom Financial Services Authority, or other Governmental Authorities with jurisdiction over ICE Futures Europe and ICE Futures Eruope’s members), and make copies and memoranda of them, and to discuss its affairs, finances and accounts
with its officers and employees and, upon reasonable notice to the Borrower, the independent public accountants of the Borrower and its Subsidiaries (and by this provision the Borrower authorizes such accountants to discuss the finances and affairs
of the Borrower and its Subsidiaries), all at such times and from time to time, upon reasonable notice and during business hours, as may be reasonably requested; provided however, that when a Default or Event of Default exists the
Administrative Agent may do any of the foregoing at the expense of the Borrower at any time during normal business hours and without advance notice. 

5.10 Permitted Acquisitions. The Borrower shall comply with, and cause each other applicable Credit Party to comply with, the following
covenants: 
  

	 	(a)	Promptly after the consummation of any Permitted Acquisition or such later date reasonably acceptable to the Administrative Agent, the Borrower shall have delivered to
the Administrative Agent the following (provided, however, that the delivery of the statements in clause (iii) below shall be required only with respect to Permitted Acquisitions having an Acquisition Amount exceeding $200,000,000):

 (i) a reasonably detailed description of the material terms of such Acquisition (including, without limitation,
the purchase price and method and structure of payment) and of each Person or business that is the subject of such Acquisition (each, a “Target”); 

 

 50 

 (ii) to the extent available, audited historical financial statements of the Target (or, if
there are two or more Targets that are the subject of such Acquisition and that are part of the same consolidated group, consolidated historical financial statements for all such Targets) for the two (2) most recent fiscal years available,
prepared by a firm of independent certified public accountants, and (if available) unaudited financial statements for any interim periods since the most recent fiscal year-end; 

(iii) consolidated projected income statements of the Borrower and its Subsidiaries (giving effect to such Acquisition and the
consolidation with the Borrower of each relevant Target) for the one-year period (or, if available, such longer period up to three years) following the consummation of such Acquisition, in reasonable detail, together with any appropriate statement
of assumptions and pro forma adjustments; and 
 (iv) a certificate, in form and substance reasonably satisfactory to the
Administrative Agent, executed by a Financial Officer of the Borrower setting forth the Acquisition Amount and further to the effect that, to the best of such Financial Officer’s knowledge, (y) the consummation of such Acquisition has not
resulted in a violation of any provision of this Section 5.10 or any other provision of this Agreement, and (x) the requirements set forth in Section 7.5 have been satisfied (with financial covenant calculations to be
attached to the certificate using the Covenant Compliance Worksheet). 
  

	 	(b)	As soon as reasonably practicable after the consummation of any such Acquisition, the Borrower will deliver to the Administrative Agent true and correct copies of the
fully executed acquisition agreement (including schedules and exhibits thereto) and other material documents and closing papers delivered in connection therewith. 

 

	 	(c)	 The consummation of each Permitted Acquisition shall be deemed to be a representation and warranty by the Borrower that (except as shall have been
approved in writing by the Required Lenders) all conditions thereto set forth in this Section 5.10 and in the description furnished under Section 5.10(a)(i) have been satisfied, that the same is permitted in accordance with
the terms of this Agreement, and that the matters certified to by the Financial Officer of the Borrower in the certificate referred to in Section 5.10(a)(iv) are, to the best of such Financial Officer’s knowledge, true and correct
in all material respects as of 

  

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the date such certificate is given, which representation and warranty shall be deemed to be a representation and warranty as of the date thereof for all purposes hereunder, including, without
limitation, for purposes of Section 8.1. 

 5.11 Creation or Acquisition of Subsidiaries. Subject
to the provisions of Sections 5.10 and 7.5, the Borrower may from time to time create or acquire new Wholly Owned Subsidiaries in connection with Permitted Acquisitions or otherwise, and the Wholly Owned Subsidiaries of the
Borrower may create or acquire new Wholly Owned Subsidiaries, provided that concurrently with (and in any event within ten (10) Business Days after or such later time approved by the Administrative Agent) the creation or direct or
indirect acquisition thereof, each such new Subsidiary will execute and deliver to the Administrative Agent a joinder to the Guaranty, pursuant to which such new Subsidiary shall become a guarantor thereunder and shall guarantee the payment in
full of the Obligations of the Borrower under this Agreement and the other Credit Documents; provided that no Foreign Subsidiary shall be required to provide a guaranty to the extent (and for as long as) doing so would cause any adverse tax
or regulatory consequences to the Borrower, and provided further that for any Subsidiary created for the sole purpose of making a Permitted Acquisition and so long as such Subsidiary has no assets, the Borrower shall not be required to comply
with this Section 5.11 until the consummation of such Permitted Acquisition. 
 5.12 OFAC, PATRIOT Act Compliance.
The Borrower will, and will cause each of its Subsidiaries to, (i) refrain from doing business in a Sanctioned Country or with a Sanctioned Person in violation of the economic sanctions of the United States administered by OFAC, and
(ii) provide, to the extent commercially reasonable, such information and take such actions as are reasonably requested by the Administrative Agent or any Lender in order to assist the Administrative Agent and the Lenders in maintaining
compliance with the PATRIOT Act. 
 5.13 Further Assurances. The Borrower will, and will cause each of its Subsidiaries to,
make, execute, endorse, acknowledge and deliver any amendments, modifications or supplements hereto and restatements hereof and any other agreements, instruments or documents, and take any and all such other actions, as may from time to time be
reasonably requested by the Administrative Agent or the Required Lenders to effect, confirm or further assure or protect and preserve the interests, rights and remedies of the Administrative Agent and the Lenders under this Agreement and the other
Credit Documents. 
 ARTICLE VI 

FINANCIAL COVENANTS 

The Borrower covenants and agrees that, until the payment in full in cash of all principal and interest with respect to the Loans
together with all fees, expenses and other amounts then due and owing hereunder: 
 6.1 Maximum Total Leverage Ratio. The Total
Leverage Ratio as of the last day of any fiscal quarter, beginning with the first fiscal quarter of 2009, shall not be greater than the ratio of 2.50 to 1.00. 
  

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 6.2 Minimum Interest Coverage Ratio. The Interest Coverage Ratio as of the last day of any
fiscal quarter, beginning with the first fiscal quarter of 2009, shall not be less than 5.0 to 1.0. 
 ARTICLE VII

 NEGATIVE COVENANTS 

The Borrower covenants and agrees that, until the payment in full in cash of all principal and interest with respect to the Loans
together with all fees, expenses and other amounts then due and owing hereunder: 
 7.1 Merger; Consolidation. The Borrower will
not, and will not permit or cause any of its Subsidiaries to, liquidate, wind up or dissolve, or enter into any consolidation, amalgamation, merger or other combination, or agree to do any of the foregoing; provided, however, that so
long as no Default or Event of Default has occurred and is continuing or would result therefrom: 
 (i) any Subsidiary of the
Borrower may merge, consolidate or amalgamate with, or be liquidated into, (x) the Borrower (so long as the Borrower is the surviving or continuing entity) or (y) any other Subsidiary of the Borrower (so long as, if either Person is a
Subsidiary Guarantor, the surviving Person is a Subsidiary Guarantor, and if either Person is a Wholly Owned Subsidiary, the surviving Person is a Wholly Owned Subsidiary; 

(ii) the Borrower may merge, consolidate or amalgamate with another Person (other than another Credit Party), so long as (y) the
Borrower is the surviving entity, and (z) if such merger, consolidation or amalgamation constitutes an Acquisition, the applicable conditions and requirements of Sections 5.10 and 7.5 are satisfied; and 

(iii) to the extent not otherwise permitted under the foregoing clauses, any Subsidiary that has sold, transferred or otherwise disposed
of all or substantially all of its assets in connection with an Asset Disposition permitted under this Agreement and no longer conducts any active trade or business may be liquidated, wound up and dissolved. 

7.2 Indebtedness. The Borrower will not, and will not permit or cause any of its Subsidiaries to, create, incur, assume or suffer to
exist any Indebtedness other than (without duplication): 
 (i) Indebtedness of the Credit Parties in favor of the
Administrative Agent and the Lenders incurred under this Agreement and the other Credit Documents; 
  

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 (ii) (A) Indebtedness of the Credit Parties under the New Credit Facility and the other
“Credit Documents” (as defined in the New Credit Facility) and (B) Indebtedness of the Credit Parties under the New Liquidity Facility and the other “Credit Documents” (as defined in the New Liquidity Facility); 

(iii) accrued expenses (including salaries, accrued vacation and other compensation), current trade or other accounts payable and other
current liabilities arising in the ordinary course of business and not incurred through the borrowing of money, in each case above to the extent constituting Indebtedness; 

(iv) purchase money Indebtedness of the Borrower and its Subsidiaries incurred solely to finance the acquisition, construction or
improvement of any equipment, real property or other fixed assets in the ordinary course of business (or assumed or acquired by the Borrower and its Subsidiaries in connection with a Permitted Acquisition or other transaction permitted under this
Agreement), including Capital Lease Obligations, and any renewals, replacements, refinancings or extensions thereof, provided that all such Indebtedness shall not exceed $25,000,000 in aggregate principal amount outstanding at any one time;

 (v) unsecured loans and advances (A) by the Borrower or any Subsidiary of the Borrower to any Subsidiary Guarantor,
(B) by any Subsidiary of the Borrower to the Borrower, or (C) by the Borrower or any Subsidiary of the Borrower to any Subsidiary of the Borrower that is not a Subsidiary Guarantor, provided in each case that any such loan or
advance made pursuant to clause (C) above is subordinated in right and time of payment to the Obligations and is evidenced by a promissory note, in form and substance reasonably satisfactory to the Administrative Agent; 

(vi) Indebtedness of the Borrower under Hedge Agreements entered into in the ordinary course of business to manage existing or
anticipated interest rate or foreign currency risks and not for speculative purposes; 
 (vii) Indebtedness existing on the
Restatement Effective Date and described in Schedule 7.2 and any renewals, replacements, refinancings or extensions of any such Indebtedness that do not increase the outstanding principal amount thereof or result in an earlier final
maturity date or decreased weighted average life thereof; 
 (viii) Indebtedness consisting of Guaranty Obligations of the
Borrower or any of its Subsidiaries incurred in the ordinary course 
  

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of business for the benefit of another Credit Party, provided that the primary obligation being guaranteed is expressly permitted by this Agreement; 

(ix) Indebtedness that may be deemed to exist pursuant to any performance bond, surety, statutory appeal or similar obligation entered
into or incurred by the Borrower or any of its Subsidiaries in the ordinary course of business; 
 (x) Indebtedness of ICE Clear
Europe under the ICE Clear Europe Payment Services Agreement not exceeding $150,000,000 in aggregate principal amount outstanding; 

(xi) Indebtedness consisting of Guaranty Obligations of the Borrower with respect to the ICE Clear Europe Payment Services Agreement;

 (xii) unsecured Indebtedness of the Borrower not exceeding $400,000,000 in aggregate principal amount outstanding to provide
liquidity for the clearing operations of ICE Clear Europe; 
 (xiii) other unsecured Indebtedness of the Borrower not exceeding
$50,000,000 in aggregate principal amount outstanding at any time; and 
 (xiv) other unsecured Indebtedness of the Subsidiaries
of the Borrower not exceeding $50,000,000 in aggregate principal amount outstanding at any time. 
 7.3 Liens. The Borrower will
not, and will not permit or cause any of its Subsidiaries to, directly or indirectly, make, create, incur, assume or suffer to exist, any Lien upon or with respect to any part of its property or assets, whether now owned or hereafter acquired or
agree to do any of the foregoing, other than the following (collectively, “Permitted Liens”): 
 (i) Liens in
existence on the Restatement Effective Date and set forth on Schedule 7.3, and any extensions, renewals or replacements thereof; provided that any such extension, renewal or replacement Lien shall be limited to all or a part of
the property that secured the Lien so extended, renewed or replaced (plus any improvements on such property) and shall secure only those obligations that it secures on the date hereof (and any renewals, replacements, refinancings or extensions of
such obligations that do not increase the outstanding principal amount thereof); 
 (ii) Liens imposed by law, such as Liens of
carriers, warehousemen, mechanics, materialmen and landlords, incurred in the ordinary course of business for sums not constituting borrowed money that are not overdue for a period of more than thirty
(30)
  

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days or that are being contested in good faith by appropriate proceedings and for which adequate reserves have been established in accordance with GAAP (if so required); 

(iii) Liens (other than any Lien imposed by ERISA, the creation or incurrence of which would result in an Event of Default under
Section 8.1(k)) incurred in the ordinary course of business in connection with worker’s compensation, unemployment insurance or other forms of governmental insurance or benefits, or to secure the performance of letters of credit,
bids, tenders, statutory obligations, surety and appeal bonds, leases, public or statutory obligations, government contracts and other similar obligations (other than obligations for borrowed money) entered into in the ordinary course of business;

 (iv) Liens for taxes, assessments or other governmental charges or statutory obligations that are not delinquent or remain
payable without any penalty or that are being contested in good faith by appropriate proceedings and for which adequate reserves have been established in accordance with GAAP (if so required); 

(v) any attachment or judgment Lien not constituting an Event of Default under Section 8.1(h); 

(vi) Liens securing the purchase money Indebtedness permitted under Section 7.2(iv), provided that (x) any such
Lien shall attach to the property being acquired, constructed or improved with such Indebtedness concurrently with or within ninety (90) days after the acquisition (or completion of construction or improvement) or the refinancing thereof by the
Borrower or such Subsidiary, (y) the amount of the Indebtedness secured by such Lien shall not exceed 100% of the cost to the Borrower or such Subsidiary of acquiring, constructing or improving the property and any other assets then being
financed solely by the same financing source, and (z) any such Lien shall not encumber any other property of the Borrower or any of its Subsidiaries except assets then being financed solely by the same financing source; 

(vii) with respect to any Realty occupied by the Borrower or any of its Subsidiaries, all easements, rights of way, reservations,
licenses, encroachments, variations and similar restrictions, charges and encumbrances on title that do not secure monetary obligations and do not materially impair the use of such property for its intended purposes or the value thereof; 

(viii) any leases, subleases, licenses or sublicenses granted by the Borrower or any of its Subsidiaries to third parties in the ordinary

  

 56 

 
course of business and not interfering in any material respect with the business of the Borrower and its Subsidiaries, and any interest or title of a lessor, sublessor, licensor or sublicensor
under any lease or license permitted under this Agreement; 
 (ix) Liens created in connection with the Guaranty Fund; and

 (x) other Liens securing obligations of the Borrower and its Subsidiaries not exceeding $1,000,000 in aggregate principal
amount outstanding at any time. 
 7.4 Asset Dispositions. The Borrower will not, and will not permit or cause any of its
Subsidiaries to, directly or indirectly, make or agree to make any Asset Disposition except for: 
 (i) the sale or other
disposition of inventory and Cash Equivalents in the ordinary course of business, the sale or write-off of past due or impaired accounts receivable for collection purposes (but not for factoring, securitization or other financing purposes), and the
termination or unwinding of Hedge Agreements permitted hereunder; 
 (ii) the sale, lease or other disposition of assets by the
Borrower or any Subsidiary of the Borrower to the Borrower or to a Subsidiary Guarantor (or by any Subsidiary that is not a Subsidiary Guarantor to another Subsidiary that is not a Subsidiary Guarantor), in each case so long as no Event of Default
shall have occurred and be continuing or would result therefrom; 
 (iii) the sale, exchange or other disposition in the
ordinary course of business of equipment or other capital assets that are obsolete or no longer necessary for the operations of the Borrower and its Subsidiaries; and 

(iv) the sale or other disposition of assets (other than the Capital Stock of Subsidiaries) outside the ordinary course of business for
fair value and for consideration, provided that (x) the aggregate amount of Net Cash Proceeds from all such sales or dispositions that are consummated during any fiscal year shall not exceed $25,000,000 and (y) no Default or Event
of Default shall have occurred and be continuing or would result therefrom. 
 7.5 Acquisitions. The Borrower will not, and will
not permit or cause any of its Subsidiaries to, consummate any Acquisition, provided that the Borrower or any of its Subsidiaries may consummate any Acquisition so long as (i) prior to the closing of such Acquisition, the Borrower shall
provide the Lenders with a Compliance Certificate prepared on a Pro Forma Basis giving effect to such Acquisition that demonstrates compliance with the covenants in Article VI on a Pro Forma Basis, (ii) in the case of an Acquisition to
which the Borrower is a party involving a merger, amalgamation or the acquisition of control of the Capital 
  

 57 

 
Stock of a Person, the Borrower is the surviving or acquiring entity, as the case may be, (iii) each business acquired shall be in substantially the same line of business as the business
conducted by the Borrower or its Subsidiaries on the Restatement Effective Date or in lines of business reasonably related thereto, (iv) the board of directors or equivalent governing body of the Person whose Capital Stock or business is
acquired shall have approved such Acquisition, if required by applicable law (but provided in any event such Acquisition shall not be “hostile”), (v) no Default or Event of Default shall have occurred and be continuing at the time of
the consummation of any such Acquisition or would exist immediately after giving effect thereto and (vi) the applicable conditions and requirements of Section 5.10 are satisfied. 

7.6 Restricted Payments. The Borrower will not, and will not permit or cause any of its Subsidiaries to, directly or indirectly, declare
or make any dividend payment, or make any other distribution of cash, property or assets, in respect of any of its Capital Stock or any warrants, rights or options to acquire its Capital Stock, or purchase, redeem, retire or otherwise acquire for
value any shares of its Capital Stock or any warrants, rights or options to acquire its Capital Stock, or set aside funds for any of the foregoing (any of the foregoing being a “Restricted Payment”), except that: 

(a) each Subsidiary may make payments to the Borrower for its proportionate share of the tax liability of the affiliated group of
entities that file consolidated federal income tax returns, provided that such payments are used to pay taxes, and provided further that any tax refunds received by the Borrower that are attributable to the any of its
Subsidiaries shall be returned promptly by the Borrower to such Subsidiary; 
 (b) each Wholly Owned Subsidiary of the Borrower
may declare and make dividend payments or other distributions to the Borrower or to another Subsidiary of the Borrower, in each case to the extent not prohibited under applicable Requirements of Law; 

(c) the Borrower and any of its Subsidiaries may declare and make dividend payments or other distributions payable solely in its Common
Stock; and 
 (d) so long as no Default or Event of Default shall have occurred and be continuing or would result therefrom, the
Borrower and any of its Subsidiaries may make any Restricted Payment. 
 7.7 Transactions with Affiliates. The Borrower will
not, and will not permit or cause any of its Subsidiaries to, enter into any transaction (including, without limitation, any purchase, sale, lease or exchange of property or the rendering of any service) with any officer, director, stockholder or
other Affiliate of the Borrower or any of its Subsidiaries, except in the ordinary course of its business and upon fair and reasonable terms that are no less favorable to it than it would be obtained in a comparable arm’s length transaction
with a Person other than an Affiliate of the Borrower or any of its Subsidiaries; provided, however, that nothing contained in this Section 7.7 shall prohibit: 

(i) transactions described on Schedule 7.7 (and any renewals or replacements thereof on terms not materially more
disadvantageous to the applicable Credit Party) or otherwise expressly permitted under any other provision of this Agreement; 
  

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 (ii) transactions among the Borrower and/or the Subsidiary Guarantors not prohibited under
this Agreement (provided that such transactions shall remain subject to any other applicable limitations and restrictions set forth in this Agreement); and 

(iii) transactions with Affiliates in good faith in the ordinary course of the Borrower’s or such Subsidiary’s business
consistent with past practice and on terms no less favorable to the Borrower or such Subsidiary than those that could have been obtained in a comparable transaction on an arm’s length basis from a Person that is not an Affiliate. 

7.8 Lines of Business. The Borrower will not, and will not permit or cause any of its Subsidiaries to, engage in any lines of business
other than the businesses engaged in by it on the Restatement Effective Date and businesses and activities reasonably related thereto. 

7.9 Limitation on Certain Restrictions. The Borrower will not, and will not permit or cause any of its Subsidiaries to, directly or
indirectly, create or otherwise cause or suffer to exist or become effective any restriction or encumbrance on (a) the ability of the Credit Parties to perform and comply with their respective obligations under the Credit Documents or
(b) the ability of any Subsidiary of the Borrower to make any dividend payment or other distribution in respect of its Capital Stock, to repay Indebtedness owed to the Borrower or any other Subsidiary, to make loans or advances to the Borrower
or any other Subsidiary, or to transfer any of its assets or properties to the Borrower or any other Subsidiary, except (in the case of clause (b) above only) for such restrictions or encumbrances existing under or by reason of (i) this
Agreement and the other Credit Documents, (ii) applicable Requirements of Law, (iii) customary non-assignment provisions in leases and licenses of real or personal property entered into by the Borrower or any Subsidiary as lessee or
licensee in the ordinary course of business, restricting the assignment or transfer thereof or of property that is the subject thereof, (iv) the Guaranty Fund and (v) customary restrictions and conditions contained in any agreement
relating to the sale of assets (including Capital Stock of a Subsidiary) pending such sale, provided that such restrictions and conditions apply only to the assets being sold and such sale is permitted under this Agreement. 

7.10 No Other Negative Pledges. The Borrower will not, and will not permit or cause any of its Subsidiaries to, enter into or suffer to
exist any agreement or restriction that, directly or indirectly, prohibits or conditions the creation, incurrence or assumption of any Lien upon or with respect to any part of its property or assets, whether now owned or hereafter acquired, or agree
to do any of the foregoing, except for such agreements or restrictions existing under or by reason of (i) this Agreement and the other Credit Documents, (ii) applicable Requirements of Law, (iii) any agreement or instrument creating a
Permitted Lien (but only to the extent such agreement or restriction applies to the assets subject to such Permitted Lien), (iv) customary provisions in leases and licenses of real or personal property entered into by the Borrower or any
Subsidiary as lessee or licensee in the ordinary course of business, restricting the granting of 
  

 59 

 
Liens therein or in property that is the subject thereof, and (v) customary restrictions and conditions contained in any agreement relating to the sale of assets (including Capital Stock of
a Subsidiary) pending such sale, provided that such restrictions and conditions apply only to the assets being sold and such sale is permitted under this Agreement. 

7.11 Investments in Subsidiaries. The Borrower will not, and will not permit or cause any of its Subsidiaries to, directly or
indirectly, purchase, own, invest in or otherwise acquire any Capital Stock, evidence of indebtedness or other obligation or security or any interest whatsoever in any Domestic Subsidiary of the Parent that is both (a) not a Wholly-Owned
Subsidiary and (b) not a Subsidiary Guarantor (each, a “Non-Wholly-Owned Subsidiary”), or make or permit to exist any loans, advances or extensions of credit to, or any investment in cash or by delivery of property in, any
Non-Wholly-Owned Subsidiary (collectively, “Investments”) other than: 
 (i) Investments in
Non-Wholly-Owned Subsidiaries existing as of the Closing Date; 
 (ii) the Borrower’s guarantee of the loans
made by ICE US Trust under the New Liquidity Facility; and 
 (i) other Investments in Non Wholly-Owned Subsidiaries made in any
fiscal year in an aggregate amount not exceeding 15% of Consolidated EBITDA for the fiscal year most recently ended. 
 7.12
Fiscal Year. The Borrower will not, and will not permit or cause any of its Subsidiaries to, change its fiscal year or its method of determining fiscal quarters. 

7.13 Accounting Changes. Other than as permitted pursuant to Section 1.2, the Borrower will not, and will not permit or cause
any of its Subsidiaries to, make or permit any material change in its accounting policies or reporting practices, except as may be required by GAAP (or, in the case of Foreign Subsidiaries, generally accepted accounting principles in the
jurisdiction of its organization). 
 ARTICLE VIII 

EVENTS OF DEFAULT 

8.1 Events of Default. The occurrence of any one or more of the following events shall constitute an “Event of Default”:

  

	 	(a)	The Borrower shall fail to pay when due (i) any principal of any Loan, or (ii) any interest on any Loan, any fee payable under this Agreement or any other
Credit Document, or (except as provided in clause (i) above) any other Obligation (other than any Obligation under a Hedge Agreement), and (in the case of this clause (ii) only) such failure shall continue for a period of three
(3) Business Days; 

  

	 	(b)	 The Borrower or any other Credit Party shall (i) fail to observe, perform or comply with any condition, covenant or agreement contained in any of

  

 60 

	 	 
Sections 5.2(e)(i), 5.4, 5.10 or 5.11 or in Articles VI or VII or (ii) fail to observe, perform or comply with any condition, covenant or
agreement contained in Sections 5.1 or 5.2 (other than Section 5.2(e)(i)) and (in the case of this clause (ii) only) such failure shall continue unremedied for a period of five (5) days after the earlier of
(y) the date on which a Responsible Officer of the Borrower acquires knowledge thereof and (z) the date on which written notice thereof is delivered by the Administrative Agent or any Lender to the Borrower; 

 

	 	(c)	The Borrower or any other Credit Party shall fail to observe, perform or comply with any condition, covenant or agreement contained in this Agreement or any of the
other Credit Documents other than those enumerated in Sections 8.1(a) and 8.1(b), and such failure (i) by the express terms of such Credit Document, constitutes an Event of Default, or (ii) shall continue unremedied for
any grace period specifically applicable thereto or, if no grace period is specifically applicable, for a period of thirty (30) days after the earlier of (y) the date on which a Responsible Officer of the Borrower acquires knowledge
thereof and (z) the date on which written notice thereof is delivered by the Administrative Agent or any Lender to the Borrower; or any default or event of default shall occur under any Hedge Agreement to which the Borrower and any Hedge Party
are parties; 

  

	 	(d)	Any representation or warranty made or deemed made by or on behalf of the Borrower or any other Credit Party in this Agreement, any of the other Credit Documents or in
any certificate, instrument, report or other document furnished at any time in connection herewith or therewith shall prove to have been incorrect, false or misleading in any material respect as of the time made, deemed made or furnished;

  

	 	(e)	The Borrower or any other Credit Party shall (i) fail to pay when due (whether by scheduled maturity, acceleration or otherwise and after giving effect to any
applicable grace period or notice provisions) any principal of or interest due under the New Credit Facility, the New Liquidity Facility or any other Indebtedness (other than the Indebtedness incurred pursuant to this Agreement) having an aggregate
principal amount of at least $1,000,000 or (ii) fail to observe, perform or comply with any condition, covenant or agreement contained in any agreement or instrument evidencing or relating to any such Indebtedness, or any other event shall
occur or condition exist in respect thereof, and the effect of such failure, event or condition is to cause, or permit the holder or holders of such Indebtedness (or a trustee or agent on its or their behalf) to cause (with or without the giving of
notice, lapse of time, or both), without regard to any subordination terms with respect thereto, such Indebtedness to become due, or to be prepaid, redeemed, purchased or defeased, prior to its stated maturity; 

 

	 	(f)	 The Borrower or any other Credit Party shall (i) file a voluntary petition or commence a voluntary case seeking liquidation, winding-up,
reorganization, dissolution, arrangement, readjustment of debts or any other relief under the Bankruptcy Code or under any other applicable bankruptcy, insolvency or similar law now or hereafter in effect, (ii) consent to the institution of, or
fail to 

  

 61 

	 	 
controvert in a timely and appropriate manner, any petition or case of the type described in Section 8.1(g), (iii) apply for or consent to the appointment of or taking possession
by a custodian, trustee, receiver or similar official for or of itself or all or a substantial part of its properties or assets, (iv) fail generally, or admit in writing its inability, to pay its debts generally as they become due,
(v) make a general assignment for the benefit of creditors or (vi) take any corporate action to authorize or approve any of the foregoing; 

  

	 	(g)	Any involuntary petition or case shall be filed or commenced against the Borrower or any other Credit Party seeking liquidation, winding-up, reorganization,
dissolution, arrangement, readjustment of debts, the appointment of a custodian, trustee, receiver or similar official for it or all or a substantial part of its properties or any other relief under the Bankruptcy Code or under any other applicable
bankruptcy, insolvency or similar law now or hereafter in effect, and such petition or case shall continue undismissed and unstayed for a period of sixty (60) days; or an order, judgment or decree approving or ordering any of the foregoing
shall be entered in any such proceeding; 

  

	 	(h)	Any one or more money judgments, writs or warrants of attachment, executions or similar processes involving an aggregate amount (to the extent not paid or fully bonded
or covered by insurance as to which the surety or insurer, as the case may be, has the financial ability to perform and has acknowledged liability in writing) in excess of $1,000,000 shall be entered or filed against the Borrower or any other Credit
Party or any of their respective properties and the same shall not be paid, dismissed, bonded, vacated, stayed or discharged within a period of thirty (30) days or in any event later than five (5) days prior to the date of any proposed
sale of such property thereunder; 

  

	 	(i)	Any Credit Document shall for any reason (other than as explicitly permitted under this Agreement or any other Credit Document) cease to be in full force and effect as
to any Credit Party, or any Credit Party or any Person acting on its behalf shall deny or disaffirm such Credit Party’s obligations thereunder; 

  

	 	(j)	A Change of Control shall have occurred; 

  

	 	(k)	Any ERISA Event or any other event or condition shall occur or exist with respect to any Plan or Multiemployer Plan and, as a result thereof, together with all other
ERISA Events and other events or conditions then existing, any Credit Party and its ERISA Affiliates have incurred, or could reasonably be expected to incur, liability to any one or more Plans or Multiemployer Plans or to the PBGC (or to any
combination thereof) in excess of $1,000,000; or 

  

	 	(l)	Any one or more licenses, permits, accreditations or authorizations of the Borrower or any other Credit Party shall be suspended, limited or terminated or shall not be
renewed, or any other action shall be taken by any Governmental Authority or Self-Regulatory Organization in response to any alleged failure by the Borrower or any of its Subsidiaries to be in compliance with applicable Requirements of Law, and such
action, individually or in the aggregate, has or could reasonably be expected to have a Material Adverse Effect. 

  

 62 

 8.2 Remedies: Acceleration, etc.Upon and at any time after the occurrence and during the
continuance of any Event of Default, the Administrative Agent shall at the direction, or may with the consent, of the Required Lenders, take any or all of the following actions at the same or different times: 

 

	 	(a)	Declare all or any part of the outstanding principal amount of the Loans to be immediately due and payable, whereupon the principal amount so declared to be immediately
due and payable, together with all interest accrued thereon and all other amounts payable under this Agreement and the other Credit Documents (but, for an avoidance of doubt, excluding any amounts owing under any Hedge Agreement), shall become
immediately due and payable without presentment, demand, protest, notice of intent to accelerate or other notice or legal process of any kind, all of which are hereby knowingly and expressly waived by the Borrower; provided that, upon the
occurrence of a Bankruptcy Event, all of the outstanding principal amount of the Loans and all other amounts described in this Section 8.2(a) shall automatically become immediately due and payable without presentment, demand, protest,
notice of intent to accelerate or other notice or legal process of any kind, all of which are hereby knowingly and expressly waived by the Borrower; 

  

	 	(b)	Appoint or direct the appointment of a receiver for the properties and assets of the Credit Parties, both to operate and to sell such properties and assets, and the
Borrower, for itself and on behalf of its Subsidiaries, hereby consents to such right and such appointment and hereby waives any objection the Borrower or any Subsidiary may have thereto or the right to have a bond or other security posted by the
Administrative Agent on behalf of the Lenders, in connection therewith; and 

  

	 	(c)	Exercise all rights and remedies available to it under this Agreement, the other Credit Documents and applicable law. 

8.3 Remedies: Set-Off. Upon and at any time after the occurrence and during the continuance of any Event of Default, each Lender and each
of their respective Affiliates is hereby authorized at any time and from time to time, to the fullest extent permitted by applicable law, to set off and apply any and all deposits (general or special, time or demand, provisional or final, in
whatever currency) at any time held and other obligations (in whatever currency) at any time owing by such Lender or any such Affiliate to or for the credit or the account of the Borrower against any and all of the obligations of the Borrower now or
hereafter existing under this Agreement or any other Credit Document to such Lender, irrespective of whether or not such Lender shall have made any demand under this Agreement or any other Credit Document and although such obligations of the
Borrower may be contingent or unmatured or are owed to a branch or office of such Lender different from the branch or office holding such deposit or obligated on such indebtedness. The rights of each Lender and their respective Affiliates under this
Section are in addition to other rights and remedies (including other rights of setoff) that 
  

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such Lender or their respective Affiliates may have. Each Lender agrees to notify the Borrower and the Administrative Agent promptly after any such setoff and application; provided that
the failure to give such notice shall not affect the validity of such setoff and application. 
 ARTICLE IX 

THE ADMINISTRATIVE AGENT 

9.1 Appointment and Authority. Each of the Lenders hereby irrevocably appoints Wachovia to act on its behalf as the Administrative Agent
hereunder and under the other Credit Documents and authorizes the Administrative Agent to take such actions on its behalf and to exercise such powers as are delegated to the Administrative Agent by the terms hereof or thereof, together with such
actions and powers as are reasonably incidental thereto. The provisions of this Article are solely for the benefit of the Administrative Agent and the Lenders, and neither the Borrower nor any other Credit Party shall have rights as a third party
beneficiary of any of such provisions. 
 9.2 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, act as the financial advisor or
in any other advisory capacity for and generally engage in any kind of business with the Borrower or any Subsidiary or other Affiliate thereof as if such Person were not the Administrative Agent hereunder and without any duty to account therefor to
the Lenders. 
 9.3 Exculpatory Provisions. The Administrative Agent shall not have any duties or obligations except those
expressly set forth herein and in the other Loan Documents. Without limiting the generality of the foregoing, the Administrative Agent: 
  

	 	(a)	shall not be subject to any fiduciary or other implied duties, regardless of whether a Default or Event of 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 Credit Documents that the Administrative Agent is required to exercise as directed in writing by the Required Lenders (or such other number or percentage of the Lenders as shall be expressly provided for herein or in the other Credit
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 Credit Document or
applicable law; and 

  

	 	(c)	shall not, except as expressly set forth herein and in the other Credit Documents, have any duty to disclose, and shall not be liable for the failure to disclose, any
information relating to the Borrower or any of its Affiliates that is communicated to or obtained by the Person serving as the Administrative Agent or any of its Affiliates in any capacity. 

 

 64 

 The Administrative Agent shall not be liable for any action taken or not taken by it
(i) with the consent or at the request of the Required Lenders (or such other number or percentage of the Lenders as shall be necessary, or as the Administrative Agent shall believe in good faith shall be necessary, under the circumstances as
provided in Sections 10.5 and 8.2) or (ii) in the absence of its own gross negligence or willful misconduct. The Administrative Agent shall be deemed not to have knowledge of any Default or Event of Default unless and until
notice describing such Default or Event of Default is given to the Administrative Agent by the Borrower or a 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 Credit Document, (ii) the contents of
any certificate, report or other document delivered hereunder or thereunder or in connection herewith or therewith, (iii) the performance or observance of any of the covenants, agreements or other terms or conditions set forth herein or therein
or the occurrence of any Default or Event of Default, (iv) the validity, enforceability, effectiveness or genuineness of this Agreement, any other Credit Document or any other agreement, instrument or document or (v) the satisfaction of
any condition set forth in Article III or elsewhere herein, other than to confirm receipt of items expressly required to be delivered to the Administrative Agent. 

9.4 Reliance by Administrative Agent. The Administrative Agent shall be entitled to rely upon, and shall not incur any liability for
relying upon, any notice, request, certificate, consent, statement, instrument, document or other writing (including any electronic message, internet or intranet website posting or other distribution) believed by it to be genuine and to have been
signed, sent or otherwise authenticated by the proper Person. The Administrative Agent also may rely upon any statement made to it orally or by telephone and believed by it to have been made by the proper Person, and shall not incur any liability
for relying thereon. The Administrative Agent may consult with legal counsel (who may be counsel for the Borrower), 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. 
 9.5 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 Credit 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 Article 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. 

9.6 Resignation of Administrative Agent. The Administrative Agent may at any time give notice of its resignation to the Lenders and the
Borrower. Upon receipt of any such notice of resignation, the Required Lenders shall have the right, in consultation with the Borrower, to 
  

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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 United States, provided that if such bank is not a
Lender or an Affiliate of a Lender, the Borrower shall have the right to consent to such appointment (such consent to not be unreasonably withheld). If no such successor shall have been so appointed by the Required Lenders and shall have accepted
such appointment within thirty (30) days after the retiring Administrative Agent gives notice of its resignation, then the retiring Administrative Agent may, on behalf of the Lenders, appoint a successor Administrative Agent meeting the
qualifications set forth above; provided that if the Administrative Agent shall notify the Borrower and the Lenders that no qualifying Person has accepted such appointment, then such resignation shall nonetheless become effective in
accordance with such notice and (1) the retiring Administrative Agent shall be discharged from its duties and obligations hereunder and under the other Credit Documents (except that in the case of any collateral security held by the
Administrative Agent on behalf of the Lenders under any of the Credit Documents, the retiring Administrative Agent shall continue to hold such collateral security until such time as a successor Administrative Agent is appointed) and (2) all
payments, communications and determinations provided to be made by, to or through the Administrative Agent shall instead be made by or to each Lender directly, until such time 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
retired) Administrative Agent, and the retiring Administrative Agent shall be discharged from all of its duties and obligations hereunder or under the other Credit Documents (if not already discharged therefrom as provided above in this Section).
The fees payable by the Borrower to a successor Administrative Agent shall be the same as those payable to its predecessor unless otherwise agreed between the Borrower and such successor. After the retiring Administrative Agent’s resignation
hereunder and under the other Credit Documents, the provisions of this Article and Section 10.1 shall continue in effect for the benefit of such retiring Administrative Agent, its sub-agents and their respective Related Parties in
respect of any actions taken or omitted to be taken by any of them while the retiring Administrative Agent was acting as Administrative Agent. 

9.7 Non-Reliance on Administrative Agent and Other Lenders. Each 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 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 Credit Document or any related agreement or any document furnished hereunder or thereunder. 

9.8 No Other Duties, Etc. Anything herein to the contrary notwithstanding, none of the Bookrunners, Arrangers, Syndication Agent or other
agents listed on the cover page hereof shall have any powers, duties or responsibilities under this Agreement or any of the other Credit Documents, except in its capacity, as applicable, as the Administrative Agent or a Lender hereunder. 

 

 66 

 9.9 Guaranty Matters. The Lenders hereby authorize the Administrative Agent, at its option
and in its discretion, to release any Guarantor from its obligations under the Guaranty if such Person ceases to be a Subsidiary as a result of a transaction permitted hereunder. Upon request by the Administrative Agent at any time, the Lenders will
confirm in writing the Administrative Agent’s authority to release any Guarantor from its obligations under the Guaranty, pursuant to this Section 9.9. 

ARTICLE X 

MISCELLANEOUS 

10.1 Expenses; Indemnity; Damage Waiver. 
  

	 	(a)	The Borrower shall pay (i) all reasonable out-of-pocket expenses incurred by the Administrative Agent, the Arrangers and their respective Affiliates (including the
reasonable fees, charges and disbursements of counsel for the Administrative Agent and the Arrangers), in connection with the syndication of the credit facilities provided for herein, the preparation, negotiation, execution, delivery and
administration of this Agreement and the other Credit Documents or any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions contemplated hereby or thereby shall be consummated), (ii) all
out-of-pocket expenses incurred by the Administrative Agent or any Lender (including the fees, charges and disbursements of any counsel for the Administrative Agent or any Lender), in connection with the enforcement or protection of its rights
(A) in connection with this Agreement and the other Credit Documents, including its rights under this Section, or (B) in connection with the Loans made hereunder, including all such out-of-pocket expenses incurred during any workout,
restructuring or negotiations in respect of such Loans, and (iii) any civil penalty or fine assessed by OFAC against, and all reasonable costs and expenses (including counsel fees and disbursements) incurred in connection with defense thereof
by, the Administrative Agent or any Lender as a result of conduct of the Borrower that violates a sanction enforced by OFAC. 

  

	 	(b)	 The Borrower shall indemnify the Administrative Agent (and any sub-agent thereof), the Arrangers, each Lender, and each Related Party of any of the
foregoing persons (each such person being called an “Indemnitee”) against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses (including the fees, charges and disbursements
of any counsel for any Indemnitee), incurred by any Indemnitee or asserted against any Indemnitee by any third party or by the Borrower or any other Credit Party arising out of, in connection with, or as a result of (i) the execution or
delivery of this Agreement, any other Credit Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto of their respective obligations hereunder or thereunder or the consummation of the
transactions contemplated hereby or thereby, (ii) any Loan or the use or proposed 

  

 67 

	 	 
use of the proceeds therefrom, (iii) any actual or alleged presence or release of Hazardous Substances on or from any property owned or operated by any Credit Party, or any Environmental
Claim related in any way to any Credit Party, or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by a third
party or by the Borrower or any other Credit Party, and regardless of whether any Indemnitee is a party thereto; provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages,
liabilities or related expenses 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. 

 

	 	(c)	To the extent that the Borrower for any reason fails to indefeasibly pay any amount required under Section 10.1(a) or Section 10.1(b) to be paid
by it to the Administrative Agent (or any sub-agent thereof), each Lender severally agrees to pay to the Administrative Agent (or any such sub-agent) such Lender’s proportion (based on the percentages as used in determining the Required Lenders
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) 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) in connection with such
capacity. The obligations of the Lenders under this Section 10.1(c) are several and not joint. The failure of any Lender to make any such payment on any date shall not relieve any other Lender of its corresponding obligation, if any,
hereunder to do so on such date, but no Lender shall be responsible for the failure of any other Lender to make any such payment required hereunder. 

  

	 	(d)	To the fullest extent permitted by applicable law, the Borrower shall not assert, and hereby waives, any claim against any Indemnitee, on any theory of liability, for
special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement, any other Credit Document or any agreement or instrument contemplated hereby, the
transactions contemplated hereby or thereby, any Loan or the use of the proceeds thereof. No Indemnitee referred to in Section 10.1(b) 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 (including Intralinks, SyndTrak or similar systems) in connection with this Agreement or the other Credit Documents or the
transactions contemplated hereby or thereby, except as a result of such Indemnitee’s gross negligence or willful misconduct. 

  

	 	(e)	All amounts due under this Section shall be payable by the Borrower upon demand therefor. 

 

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 10.2 Governing Law; Submission to Jurisdiction; Waiver of Venue; Service of Process.

  

	 	(a)	This Agreement and the other Credit Documents shall (except as may be expressly otherwise provided in any Credit Document) be governed by, and construed in accordance
with, the law of the State of New York (including Sections 5-1401 and 5-1402 of the New York General Obligations Law, but excluding all other choice of law and conflicts of law rules). 

 

	 	(b)	Each Credit Party irrevocably and unconditionally submits, for itself and its property, to the nonexclusive jurisdiction of 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, in any action or proceeding arising out of or relating to this Agreement or any other Credit Document, or for
recognition or enforcement of any judgment, and each of the parties hereto irrevocably and unconditionally agrees that all claims in respect of any such action or proceeding may be heard and determined in such 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 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 Credit Document shall affect any right that the Administrative Agent, any Lender may otherwise have to bring any action or proceeding relating to this Agreement or any other Credit Document
against any Credit Party or any of their respective properties in the courts of any jurisdiction. 

  

	 	(c)	The 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 Credit Document in any court referred to in Section ARTICLE ISection 9(b). 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. 

  

	 	(d)	Each party hereto irrevocably consents to service of process in the manner provided for notices in Section 10.4. Nothing in this Agreement will affect the
right of any party hereto to serve process in any other manner permitted by applicable law. 

 10.3 Waiver of Jury
Trial.. EACH PARTY HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER
CREDIT DOCUMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY). EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR 

 

 69 

 
ATTORNEY OF ANY OTHER PERSON HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PERSON 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 AND THE OTHER CREDIT DOCUMENTS BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION. 

10.4 Notices; Effectiveness; Electronic Communication. 
  

	 	(a)	Except in the cases of notices and other communications expressly permitted to be given by telephone (and except as provided in Section 10.4(b)), all
notices and other communications provided for herein shall be in writing and shall be delivered by hand or overnight courier service, mailed by certified or registered mail or sent by telecopier as follows: 

(i) if to the Borrower or the Administrative Agent, to it at the address (or telecopier number) specified for such Person on
Schedule 1.1(a); and 
 (ii) if to any Lender, to it at its address (or telecopier number) set forth in its
Administrative Questionnaire. 
 Notices sent by hand or overnight courier service, or mailed by certified or registered mail, shall be deemed
to have been given when received; notices sent by telecopier shall be deemed to have been given when sent (except that, if not given during normal business hours for the recipient, shall be deemed to have been given at the opening of business on the
next business day for the recipient). Notices delivered through electronic communications to the extent provided in Section 10.4(b) shall be effective as provided in Section 10.4(b). 

 

	 	(b)	 Notices and other communications to the Lenders hereunder may be delivered or furnished by electronic communication (including e-mail and internet or
intranet websites) pursuant to procedures approved by the Administrative Agent, provided that the foregoing shall not apply to notices to any Lender pursuant to Article II if such Lender has notified the Administrative Agent that
it is incapable of receiving notices under such Article by electronic communication. The Administrative Agent or the Borrower may, in its discretion, agree to accept notices and other communications to it hereunder by electronic communication
pursuant to procedures approved by it, provided that approval of such procedures may be limited to particular notices or communications. Unless the Administrative Agent otherwise prescribes, (i) notices and other communications sent to
an e-mail address shall be deemed received upon the sender’s receipt of an acknowledgement from the intended recipient (such as by the “return receipt requested” function, as available, return e-mail or other written acknowledgement),
provided that if such notice or other communication is not sent during the normal business hours of the recipient, such notice or communication shall be deemed to have been sent at the opening of business on

  

 70 

	 	 
the next business day for the recipient, and (ii) notices or other 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. 

 

	 	(c)	Any party hereto may change its address or telecopier number for notices and other communications hereunder by notice to the other parties hereto (except that each
Lender need not give notice of any such change to the other Lenders in their capacities as such). 

 10.5
Amendments, Waivers, etc. No amendment, modification, waiver or discharge or termination of, or consent to any departure by any Credit Party from, any provision of this Agreement or any other Credit Document shall be effective unless in a writing
signed by the Required Lenders (or by the Administrative Agent at the direction or with the consent of the Required Lenders), and then the same shall be effective only in the specific instance and for the specific purpose for which given;
provided, however, that no such amendment, modification, waiver, discharge, termination or consent shall: 
  

	 	(a)	unless agreed to by each Lender directly affected thereby, (i) reduce or forgive the principal amount of any Loan, reduce the rate of or forgive any interest
thereon (provided that only the consent of the Required Lenders shall be required to waive the applicability of any post-default increase in interest rates), or reduce or forgive any fees hereunder (other than fees payable to the
Administrative Agent or the Arrangers for their own accounts) (it being understood that an amendment to the definition of Total Leverage Ratio (or any defined terms used therein) shall not constitute a reduction of any interest rate or fees
hereunder), or (ii) extend the final scheduled maturity date or any other scheduled date for the payment of any principal of or interest on any Loan, or extend the time of payment of any fees hereunder (other than fees payable to the
Administrative Agent or the Arrangers for their own accounts); 

  

	 	(b)	unless agreed to by all of the Lenders, (i) release any Guarantor from its obligations under the Guaranty (other than (A) as may be otherwise specifically
provided in this Agreement or in any other Credit Document or (B) in connection with the sale or other disposition of all of the Capital Stock of such Guarantor in a transaction expressly permitted under or pursuant to this Agreement),
(ii) reduce the percentage of the aggregate unpaid principal amount of the Loans, or the number or percentage of Lenders, that shall be required for the Lenders or any of them to take or approve, or direct the Administrative Agent to take, any
action hereunder or under any other Credit Document (including as set forth in the definition of “Required Lenders”), (iii) change any other provision of this Agreement or any of the other Credit Documents requiring, by its
terms, the consent or approval of all the Lenders for such amendment, modification, waiver, discharge, termination or consent, or (iv) change or waive any provision of Section 2.9(e), Section 2.11, any other provision of
this Agreement or any other Credit Document requiring pro rata treatment of any Lenders, or this Section 10.5; and 

  

 71 

	 	(c)	unless agreed to by each Hedge Party that would be adversely affected thereby in its capacity as such relative to the Lenders, (i) amend the definition of
“Guaranteed Obligations” in the Guaranty (or any similar defined term in any other Credit Document benefiting such Hedge Party), (ii) amend the definition of “Guaranteed Parties” in the Guaranty (or any similar defined term
in any other Credit Document benefiting such Hedge Party), (iii) amend any provision regarding priority of payments in this Agreement or any other Credit Document, or (iv) release any Guarantor from its obligations under the Guaranty
(other than (A) as may be otherwise specifically provided in this Agreement or in any other Credit Document or (B) in connection with the sale or other disposition of all of the Capital Stock of such Guarantor in a transaction expressly
permitted under or pursuant to this Agreement); 

 and provided further that the Fee Letters may only be amended or
modified, and any rights thereunder waived, in a writing signed by the parties thereto. 
 Notwithstanding the fact that the consent of all
Lenders is required in certain circumstances as set forth above, each Lender is entitled to vote as such Lender sees fit on any bankruptcy reorganization plan that affects the Loans, and each Lender acknowledges that the provisions of
Section 1126(c) of the Bankruptcy Code supersedes the unanimous consent provisions set forth herein. 
 10.6 Successors and
Assigns. 
  

	 	(a)	The provisions of this Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns permitted hereby,
except that neither the Borrower nor any other Credit Party may assign or otherwise transfer any of its rights or obligations hereunder without the prior written consent of the Administrative Agent and each Lender and no Lender may assign or
otherwise transfer any of its rights or obligations hereunder except (i) to an assignee in accordance with the provisions of Section 10.6(b), (ii) by way of participation in accordance with the provisions of
Section 10.6(d) or (iii) by way of pledge or assignment of a security interest subject to the restrictions of Section 10.6(f) (and any other attempted assignment or transfer by any party hereto shall be null and void).
Nothing in this Agreement, expressed or implied, shall be construed to confer upon any Person (other than the parties hereto, their respective successors and assigns permitted hereby, Participants to the extent provided in
Section 10.6(d) and, to the extent expressly contemplated hereby, the Related Parties of each of the Administrative Agent and the Lenders) any legal or equitable right, remedy or claim under or by reason of this Agreement.

  

	 	(b)	Any Lender may assign to one or more assignees all or a portion of its rights and obligations under this Agreement (including all or a portion of its Loans at the time
owing to it); provided that any such assignment shall be subject to the following conditions: 

  

 72 

 (i) The prior written consent of the Administrative Agent and the Borrower (such consent
not to be unreasonably withheld or delayed) is obtained, except that 
 (A) the consent of the Borrower shall not
be required if (y) a Default or Event of Default has occurred and is continuing at the time of such assignment or (z) such assignment is to a Lender, an Affiliate of a Lender or an Approved Fund; and 

(B) the consent of the Administrative Agent shall not be required if such assignment is to a Lender, an Affiliate of a
Lender or an Approved Fund; 
 (ii) (A) in the case of an assignment of the entire remaining amount of the assigning
Lender’s Loans at the time owing to it or in the case of an assignment to a Lender, an Affiliate of a Lender or an Approved Fund, no minimum amount need be assigned, and (B) in any case not described in clause (A) above, the principal
outstanding balance of the Loans of the assigning Lender subject to each such assignment (determined as of the date the Assignment and Assumption with respect to such assignment is delivered to the Administrative Agent or, if “Trade Date”
is specified in the Assignment and Assumption, as of the Trade Date) shall not be less than $1,000,000, treating assignments to two or more Approved Funds under common management as one assignment for purposes of the minimum amounts, unless each of
the Administrative Agent and, so long as no Default or Event of Default has occurred and is continuing, the Borrower otherwise consents (each such consent not to be unreasonably withheld or delayed); 

(iii) 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 Loan assigned; 
 (iv) the parties to each assignment shall execute and
deliver to the Administrative Agent an Assignment and Assumption, together with a processing and recordation fee of $3,500 for each assignment and the assignee, if it is not a Lender, shall deliver to the Administrative Agent an Administrative
Questionnaire; 
 (v) no such assignment shall be made to the Borrower or any of the Borrower’s Affiliates or Subsidiaries;
and 
 (vi) no such assignment shall be made to a natural person. 

 

 73 

 Subject to acceptance and recording thereof by the Administrative Agent pursuant to
Section 10.6(c), from and after the effective date specified in each Assignment and Assumption, the assignee thereunder shall be a party to this Agreement and, to the extent of the interest assigned by such Assignment and Assumption,
have the rights and obligations of a Lender under this Agreement, and the assigning Lender thereunder shall, to the extent of the interest assigned by such Assignment and Assumption, be released from its obligations under this Agreement (and, in the
case of an Assignment and Assumption covering all of the assigning Lender’s rights and obligations under this Agreement, such Lender shall cease to be a party hereto) but shall continue to be entitled to the benefits of
Sections 2.12(a), 2.12(b), 2.13, 2.14 and 10.1 with respect to facts and circumstances occurring prior to the effective date of such assignment. If requested by or on behalf of the assignee, the Borrower, at
its own expense, will execute and deliver to the Administrative Agent a new Term Note or Term Notes to the order of the assignee (and, if the assigning Lender has retained any portion of its rights and obligations hereunder, to the order of the
assigning Lender), prepared in accordance with the applicable provisions of Section 2.2 as necessary to reflect, after giving effect to the assignment, the outstanding Loans, as the case may be, of the assignee and (to the extent of any
retained interests) the assigning Lender, in substantially the form of Exhibits A-1, A-2 and/or A-3, as applicable. Any assignment or transfer by a Lender of rights or obligations under this Agreement that does not comply with
this Section 10.6(b) 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 Section 10.6(d). 

 

	 	(c)	The Administrative Agent, acting solely for this purpose as an agent of the Borrower, shall maintain at its address for notices referred to in
Schedule 1.1(a) a copy of each Assignment and Assumption delivered to it and a register for the recordation of the names and addresses of the Lenders, and the principal amounts of the Loans owing to, each Lender pursuant to the terms
hereof from time to time (the “Register”). The entries in the Register shall be conclusive, and the Borrower, the Administrative Agent 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. The Register shall be available for inspection by the Borrower, at any reasonable time and from time to time upon reasonable prior notice.
In addition, at any time that a request for a consent for a material or substantive change to the Credit Documents is pending, any Lender wishing to consult with other Lenders in connection therewith may request and receive from the Administrative
Agent a copy of the Register. 

  

	 	(d)	 Any Lender may at any time, without the consent of, or notice to, the Borrower or the Administrative Agent, sell participations to any Person (other
than a natural person or the Borrower or any of the Borrower’s Affiliates or Subsidiaries) (each, a “Participant”) in all or a portion of such Lender’s rights and/or obligations under this Agreement (including all or a
portion of the Loans owing to it); provided that (i) such Lender’s obligations under this Agreement shall remain unchanged, (ii) such Lender shall remain solely responsible to the other parties hereto for the performance of
such obligations and (iii) the Borrower, the Administrative Agent and the Lenders shall continue to deal solely and directly with such Lender in connection with such Lender’s rights and obligations under this Agreement. Any

  

 74 

	 	 
agreement or instrument pursuant to which a Lender sells such a participation shall provide that such Lender shall retain the sole right to enforce this Agreement and to approve any amendment,
modification or waiver of any provision of this Agreement; provided that such agreement or instrument may provide that such Lender will not, without the consent of the Participant, agree to any amendment, waiver or other modification
described in Section 10.5(a) and clause (i) of Section 10.5(b) that affects such Participant. Subject to Section 10.6(e), the Borrower agrees that each Participant shall be entitled to the benefits of
Sections 2.12(a), 2.12(b), 2.13 and 2.14 to the same extent as if it were a Lender and had acquired its interest by assignment pursuant to Section 10.6(b). To the extent permitted by law, each Participant
also shall be entitled to the benefits of Section 8.3 as though it were a Lender; provided such Participant agrees to be subject to Section 2.11(b) as though it were a Lender. 

 

	 	(e)	A Participant shall not be entitled to receive any greater payment under Section 2.12(a), Section 2.12(b) or Section 2.13 than
the applicable Lender would have been entitled to receive with respect to the participation sold to such Participant, unless the sale of the participation to such Participant is made with the Borrower’s prior written consent. A Participant that
would be a Foreign Lender if it were a Lender shall not be entitled to the benefits of Section 2.13 unless the Borrower is notified of the participation sold to such Participant and such Participant agrees, for the benefit of the
Borrower, to comply with Section 2.13(e) as though it were a Lender. 

  

	 	(f)	Any Lender may at any time pledge or assign, or grant a security interest in, all or any portion of its rights under this Agreement (including under its Term Notes, if
any) to secure obligations of such Lender, including any pledge or assignment or grant to secure obligations to a Federal Reserve Bank; provided that no such pledge or assignment or grant shall release such Lender from any of its obligations
hereunder or substitute any such pledgee or assignee or grantee for such Lender as a party hereto. 

  

	 	(g)	The words “execution,” “signed,” “signature,” and words of like import in any Assignment and Assumption shall be deemed to include
electronic signatures or the keeping of records in electronic form, each of which shall be of the same legal effect, validity or enforceability as a manually executed signature or the use of a paper-based recordkeeping system, as the case may be, to
the extent and as provided for in any applicable law, including the Federal Electronic Signatures in Global and National Commerce Act or any state laws based on the Uniform Electronic Transactions Act. 

 

	 	(h)	Any Lender or participant may, in connection with any assignment, participation, pledge or proposed assignment, participation or pledge pursuant to this
Section 10.6, disclose to the Assignee, Participant or pledgee or proposed Assignee, Participant or pledgee any information relating to the Borrower and its Subsidiaries furnished to it by or on behalf of any other party hereto,
provided that such Assignee, Participant or pledgee or proposed Assignee, Participant or pledgee agrees in writing to keep such information confidential to the same extent required of the Lenders under Section 10.11.

  

 75 

 10.7 No Waiver. The rights and remedies of the Administrative Agent and the Lenders
expressly set forth in this Agreement and the other Credit Documents are cumulative and in addition to, and not exclusive of, all other rights and remedies available at law, in equity or otherwise. No failure or delay on the part of the
Administrative Agent or any Lender in exercising any right, power or privilege shall operate as a waiver thereof, nor shall any single or partial exercise of any such right, power or privilege preclude other or further exercise thereof or the
exercise of any other right, power or privilege or be construed to be a waiver of any Default or Event of Default. No course of dealing between any Credit Party, the Administrative Agent or the Lenders or their agents or employees shall be effective
to amend, modify or discharge any provision of this Agreement or any other Credit Document or to constitute a waiver of any Default or Event of Default. No notice to or demand upon any Credit Party in any case shall entitle any Credit Party to any
other or further notice or demand in similar or other circumstances or constitute a waiver of the right of the Administrative Agent or any Lender to exercise any right or remedy or take any other or further action in any circumstances without notice
or demand. 
 10.8 Survival. All representations, warranties and agreements made by or on behalf of the Borrower or any other
Credit Party in this Agreement and in the other Credit Documents shall survive the execution and delivery hereof or thereof and the making and repayment of the Loans until the indefeasible payment in full of the Obligations. In addition,
notwithstanding anything herein or under applicable law to the contrary, the provisions of this Agreement and the other Credit Documents relating to indemnification or payment of costs and expenses, including, without limitation, the provisions of
Sections 2.12(a), 2.12(b), 2.13, 2.14 and 10.1, shall survive the payment in full of all Loans and any termination of this Agreement or any of the other Credit Documents. Except as set forth above, this Agreement
and the Credit Documents shall be deemed terminated upon the indefeasible payment in full of the Obligations. 
 10.9
Severability. To the extent any provision of this Agreement is prohibited by or invalid under the applicable law of any jurisdiction, such provision shall be ineffective only to the extent of such prohibition or invalidity and only in such
jurisdiction, without prohibiting or invalidating such provision in any other jurisdiction or the remaining provisions of this Agreement in any jurisdiction. 

10.10 Construction. The headings of the various articles, sections and subsections of this Agreement and the table of contents have been
inserted for convenience only and shall not in any way affect the meaning or construction of any of the provisions hereof. Except as otherwise expressly provided herein and in the other Credit Documents, in the event of any inconsistency or conflict
between any provision of this Agreement and any provision of any of the other Credit Documents, the provision of this Agreement shall control. 

10.11 Confidentiality. Each of the Administrative Agent and the Lenders agree to maintain the confidentiality of the Information (as
defined below), except that Information may be disclosed (a) to its Affiliates and to its and its Affiliates’ respective partners, directors, officers, employees, agents, advisors and other representatives (it being understood that the

  

 76 

 
Persons to whom such disclosure is made will be informed of the confidential nature of such Information and instructed to keep such Information confidential), (b) to the extent requested by
any regulatory authority purporting to have jurisdiction over it (including any self-regulatory authority, such as the National Association of Insurance Commissioners), (c) to the extent required by applicable Requirements of Law or by any
subpoena or similar legal process, (d) to any other party hereto, (e) in connection with the exercise of any remedies hereunder or under any other Credit Document or any action or proceeding relating to this Agreement or any other Credit
Document or the enforcement of rights hereunder or thereunder, (f) subject to an agreement containing provisions substantially the same as those of this Section, to (i) any assignee of or Participant in, or any prospective assignee of or
Participant in, any of its rights or obligations under this Agreement, or (ii) any actual or prospective counterparty (or its advisors) to any swap or derivative transaction relating to the Borrower and its obligations, (g) with the
consent of the Borrower or (h) to the extent such Information (x) becomes publicly available other than as a result of a breach of this Section or (y) becomes available to the Administrative Agent, any Lender or any of their
respective Affiliates on a nonconfidential basis from a source other than the Borrower or any of its Subsidiaries or Affiliates. 

For purposes of this Section, “Information” means all information received from the Credit Parties relating to any
Credit Party or any of their respective businesses, other than any such information that is available to the Administrative Agent or any Lender on a nonconfidential basis prior to disclosure by any Credit Party, provided that, in the case of
information received from any Credit Party after the date hereof, such information is clearly identified at the time of delivery as confidential. Any Person required to maintain the confidentiality of Information as provided in this Section shall be
considered to have complied with its obligation to do so if such Person has exercised the same degree of care to maintain the confidentiality of such Information as such Person would accord to its own confidential information. 

10.12 Counterparts; Integration; Effectiveness. This Agreement may be executed in counterparts (and by different parties hereto in
different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract. This Agreement and the other Credit Documents constitute the entire contract among the parties relating to
the subject matter hereof and supersede any and all previous agreements and understandings, oral or written, relating to the subject matter hereof (except for the Fee Letters). Except as provided in the Restatement Agreement, this Agreement shall
become effective when it shall have been executed by the Administrative Agent and when the Administrative Agent shall have received counterparts hereof that, when taken together, bear the signatures of each of the other parties hereto. Delivery of
an executed counterpart of a signature page of this Agreement by telecopy (or by PDF formatted page sent by electronic mail) shall be effective as delivery of a manually executed counterpart of this Agreement. 

10.13 Disclosure of Information. The Borrower agrees and consents to the Administrative Agent’s and the Arrangers’ disclosure
of information relating to this transaction to Gold Sheets and other similar bank trade publications. Such information will consist of deal terms and other information customarily found in such publications. 

 

 77 

 10.14 USA Patriot Act Notice. Each Lender that is subject to the Act (as defined below) and
the Administrative Agent (for itself and not on behalf of any Lender) hereby notifies the Borrower 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 the Borrower, which information includes the name and address of the Borrower and other information that will allow such Lender or the Administrative
Agent, as applicable, to identify the Borrower in accordance with the Act. 
  

 78 

 EXHIBIT A-1 

Borrower’s Taxpayer Identification No. 58-2555670 

FORM OF AMENDED AND RESTATED TERM NOTE 
  

			
	$                    	  	 April     , 2009

Charlotte, North Carolina

FOR VALUE RECEIVED, INTERCONTINENTALEXCHANGE, INC., a Delaware corporation (the “Borrower”), hereby promises to
pay to the order of 

                    
(the “Lender”), at the offices of Wachovia Bank, National Association (the “Administrative Agent”) located at One Wachovia Center, 301 South College Street, Charlotte, North Carolina (or at such other place or
places as the Administrative Agent may designate), at the times and in the manner provided in the Credit Agreement, dated as of January 12, 2007, as amended by the First Amendment to Credit Agreement, dated as of August 24, 2007 and the
Second Amendment to Credit Agreement, dated as of June 13, 2008, and as amended and restated as of the      day of April, 2009, (as amended, modified, restated or supplemented from time to time, the “Credit
Agreement”), among the Borrower, the Lenders from time to time parties thereto, Wachovia Bank, National Association, as Administrative Agent, and Bank of America, N.A., as Syndication Agent, the principal sum of 

                    
DOLLARS ($            ), under the terms and conditions of this promissory note (this “Term Note”) and the Credit Agreement. The defined terms in the Credit
Agreement are used herein with the same meaning. The Borrower also promises to pay interest on the aggregate unpaid principal amount of this Term Note at the rates applicable thereto from time to time as provided in the Credit Agreement. 

This Term Note is one of a series of Term Notes referred to in the Credit Agreement and is issued to evidence the Loan made by the Lender
pursuant to the Credit Agreement. All of the terms, conditions and covenants of the Credit Agreement are expressly made a part of this Term Note by reference in the same manner and with the same effect as if set forth herein at length, and any
holder of this Term Note is entitled to the benefits of and remedies provided in the Credit Agreement and the other Credit Documents. Reference is made to the Credit Agreement for provisions relating to the interest rate, maturity, payment,
prepayment and acceleration of this Term Note. 
 In the event of an acceleration of the maturity of this Term Note, this Term
Note shall become immediately due and payable, without presentation, demand, protest or notice of any kind, all of which are hereby waived by the Borrower. 
  

 79 

 In the event this Term Note is not paid when due at any stated or accelerated maturity, the
Borrower agrees to pay, in addition to the principal and interest, all costs of collection, including reasonable attorneys’ fees, in accordance with the Credit Agreement. 

This Term Note amends, restates and replaces that certain Term Note dated as of January 12, 2007 from the Borrower to the Lender
(the “Prior Note”). The indebtedness represented by the Prior Note has not been paid or satisfied but, instead, continues in existence as evidenced by this Note. This Term Note is not intended by the parties to be, nor shall it be
construed as, a novation of the indebtedness evidenced by the Prior Note. 
 This Term Note shall be governed by and construed
in accordance with the internal laws and judicial decisions of the State of New York (including Sections 5-1401 and 5-1402 of the New York General Obligations Law, but excluding all other choice of law and conflicts of law rules). The Borrower
hereby submits to the nonexclusive jurisdiction of courts of the state of New York and of the United States District Court of the Southern District of New York, and any appellate court thereof, although the Lender shall not be limited to bringing an
action in such courts. 
 (signature next page) 
  

 80 

 IN WITNESS WHEREOF, the Borrower has caused this Term Note to be executed by its duly
authorized corporate officer as of the day and year first above written. 
  

			
	INTERCONTINENTALEXCHANGE, INC.
		
	By:	 	  

	Name:	 	  

	Title:	 	  

Signature Page to Term Note for A&R Credit Agreement 

 EXHIBIT B-3 

FORM OF NOTICE OF CONVERSION/CONTINUATION 

[Date] 
 Wachovia Bank, National
Association, 
 as Administrative Agent 

Charlotte Plaza Building 

201 South College Street,
8th Floor NC 0680 

Charlotte, North Carolina 28288 
 Attention:
Syndication Agency Services 
 Ladies and Gentlemen: 

The undersigned, INTERCONTINENTALEXCHANGE, INC., a Delaware corporation (the “Borrower”),
refers to the Credit Agreement, dated as of January 12, 2007, as amended by the First Amendment to Credit Agreement, dated as of August 24, 2007 and the Second Amendment to Credit Agreement, dated as of June 13, 2008, and as amended
and restated as of the              day of April, 2009, among the Borrower, certain Lenders from time to time parties thereto, you, as Administrative Agent for the Lenders, and Bank
of America, N.A., as Syndication Agent (as amended, modified, restated or supplemented from time to time, the “Credit Agreement,” the terms defined therein being used herein as therein defined), and, pursuant to
Section 2.8(b) of the Credit Agreement, hereby gives you, as Agent, irrevocable notice that the Borrower requests a [conversion]
[continuation]1
 of Loans under the Credit Agreement, and to that end sets forth below the information relating to such [conversion] [continuation] (the “Proposed [Conversion]
[Continuation]”) as required by Section 2.8(b) of the Credit Agreement: 

(i) The Proposed [Conversion] [Continuation] is requested to be made on
                    
.2
 
 (ii) The Proposed
[Conversion] [Continuation] involves
$                    
3
 in aggregate principal amount of Loans made pursuant to a 
  

	1
	Insert “conversion” or “continuation” throughout the notice, as applicable. 

	2
	Shall be a Business Day on or after the date hereof (in the case of any conversion of LIBOR Loans into Base Rate Loans) or at least three Business Days after the date
hereof (in the case of any conversion of Base Rate Loans into, or continuation of, LIBOR Loans), and additionally, in the case of any conversion of LIBOR Loans into Base Rate Loans, or continuation of LIBOR Loans, shall be the last day of the
Interest Period applicable to such LIBOR Loans. 

	3
	 Amount of Proposed Conversion or Continuation must comply with Section 2.8(b) of the Credit Agreement.

 
Borrowing on
            
,4
 which Loans are presently maintained as [Base Rate] [LIBOR] Loans and are proposed hereby to be [converted into Base Rate Loans] [converted into LIBOR Loans] [continued as LIBOR
Loans].5
 
 (iii) [The initial
Interest Period for the Loans being [converted into] [continued as] LIBOR Loans pursuant to the Proposed [Conversion] [Continuation] shall be [one/two/three/six
months].]6
 
 The Borrower hereby certifies that the following statement
is true both on and as of the date hereof and on and as of the effective date of the Proposed [Conversion] [Continuation]: no Default or Event of Default has or will have occurred and is continuing or would result from the Proposed [Conversion]
[Continuation]. 
  

			
	Very truly yours,
	
	INTERCONTINENTALEXCHANGE, INC.
		
	By:	 	  

	Name:	 	  

	Title:	 	  

 

	4
	Insert the applicable Borrowing Date for the Loans being converted or continued. 

	5
	Complete with the applicable bracketed language. 

	6
	Include this clause in the case of a Proposed Conversion or Continuation involving a conversion of Base Rate Loans into, or continuation of, LIBOR Loans, and select the
applicable Interest Period. 

 EXHIBIT C 

FORM OF COMPLIANCE CERTIFICATE 

THIS CERTIFICATE is delivered pursuant to the Credit Agreement, dated as of January 12, 2007, as amended by the First
Amendment to Credit Agreement, dated as of August 24, 2007 and the Second Amendment to Credit Agreement, dated as of June 13, 2008, and as amended and restated as of the      day of April, 2009, (as amended,
modified, restated or supplemented from time to time, the “Credit Agreement”), among IntercontinentalExchange, Inc., a Delaware corporation (the “Borrower”), the Lenders from time to time parties thereto, Wachovia
Bank, National Association, as Administrative Agent, and Bank of America, N.A., as Syndication Agent. Capitalized terms used herein without definition shall have the meanings given to such terms in the Credit Agreement. 

The undersigned hereby certifies that: 

1. He is a duly elected Financial Officer of the Borrower. 

2. Enclosed with this Certificate are copies of the financial statements of the Borrower and its Subsidiaries as of
            , and for the [            -month period] [year] then ended, required to be delivered under Section
[5.1(a)][5.1(b)] of the Credit Agreement. Such financial statements have been prepared in accordance with GAAP [(subject to the absence of notes required by GAAP and subject to normal year-end
adjustments)]7
 and fairly present in all material respects the financial condition of the Borrower and its Subsidiaries on a consolidated basis as of the date indicated and the results of operation
of the Borrower and its Subsidiaries on a consolidated basis for the period covered thereby. 
 3. The undersigned has reviewed
the terms of the Credit Agreement and has made, or caused to be made under the supervision of the undersigned, a review in reasonable detail of the transactions and condition of the Borrower and its Subsidiaries during the accounting period covered
by such financial statements. 
 4. The examination described in paragraph 3 above did not disclose, and the undersigned has no
knowledge of the existence of, any Default or Event of Default during or at the end of the accounting period covered by such financial statements or as of the date of this Certificate. [, except as set forth below. 

Describe here or in a separate attachment any exceptions to paragraph 4 above by listing, in reasonable detail, the nature of the Default or Event of
Default, the period during which it existed and the action that the Borrower has taken or proposes to take with respect thereto.] 

5. Attached to this Certificate as Attachment A is a covenant compliance worksheet reflecting the computation of the financial covenants
set forth in Article VI of the Credit Agreement as of the last day of and for the period covered by the financial statements enclosed herewith. 

 

	7
	Insert in the case of quarterly financial statements. 

 IN WITNESS WHEREOF, the undersigned has executed and delivered this Certificate as of
the                      day of             ,
        . 
  

			
	INTERCONTINENTALEXCHANGE, INC.
		
	By:	 	  

		
	Name:	 	  

		
	Title:	 	  

 

 4 

 ATTACHMENT A 

COVENANT COMPLIANCE WORKSHEET 

A. Total Leverage Ratio (Section 6.1 of the Credit Agreement) 

 

								
	 (1)
	  	Total Funded Debt as of the date of determination	  	$	 	 	 
				
	 (2)
	  	Consolidated EBITDA for the Reference Period ending on the date of determination (from Line C(5) below)	  	 $
	  
	 	 
				
	 (3)
	  	 Total Leverage Ratio:

Divide Line A(1) by Line A(2)
	  			 	 
				
	 (4)
	  	Maximum Total Leverage Ratio as of the date of determination	  			 	2.50 to 1.00

  

 i 

 B. Interest Coverage Ratio (Section 6.2 of the Credit Agreement) 

 

								
	 (1)
	  	Consolidated EBITDA for the Reference Period ending on the date of determination (from Line C(7) below)	  	$	 	  	 
				
	 (2)
	  	Consolidated Interest Expense for such period	  	$	 	  	 
				
	 (3)
	  	 Interest Coverage Ratio:

Divide Line B(1) by Line B(2)
	  			  	 
				
	 (4)
	  	Minimum Interest Coverage Ratio as of the date of determination	  			  	5.0 to 1.0

  

 ii 

 C. Consolidated EBITDA 

 

												
	 (1)
	  	Consolidated Net Income for the Reference Period ending on the date of determination	  			  		  	$	                        	  
					
	 (2)
	  	Additions to Consolidated Net Income (to the extent taken into account in the calculation of Consolidated Net Income for such period):	  			  		  			
					
		  	 (a)    Interest expense
	  	$	 	  	 	  			
					
		  	 (b)    Federal, state, local and other taxes
	  	$	 	  	 	  			
					
		  	 (c)    Depreciation and amortization of intangible assets
	  	$	 	  	 	  			
					
		  	 (d)    Extraordinary losses or charges for such period (attach itemized schedule)
	  	$	 	  	 	  			
					
		  	 (e)    Add Lines C(2)(a) through Error!

        Referencesource not found.
	  	$	 	  	 	  			
					
	 (3)
	  	 Net Income plus Additions:

    Add Lines C(1) and C(2)(e)
	  			  		  	$	                        	  
					
	 (4)
	  	Reductions from Consolidated Net Income (to the extent taken into account in the calculation of Consolidated Net Income for such period):	  			  		  	$	                        	  
					
		  	 (a)    Extraordinary gains or income for such period (attach itemized schedule)
	  	$	 	  	 	  			
					
		  	 (b)    Noncash credits increasing income for such period
	  	$	 	  	 	  			
					
		  	 (c)    Add Lines C(4)(a) through C(4)(b)
	  			  		  	($	                        	) 
					
	 (5)
	  	 Consolidated EBITDA:

    Subtract Line C(4)(c) from Line C(3)
	  			  		  	$	                        	  
					
	 (6)
	  	Reductions from Consolidated EBITDA	  			  		  			
					
		  	 (a)    Capital Expenditures for such period
	  	$	 	  	 	  			
					
		  	 (b)    Capitalized Software Development Costs for such period
	  	$	 	  	 	  			
					
		  	 (c)    Add Lines C(6)(a) and C(6)(b)
	  			  		  	$	                        	  

  

 iii 

										
	 (7)
	  	 Adjustments to Consolidated EBITDA:

Subtract Line C(6)(c) from Line C(5)
	  		  		  	$	                        

 ITEMIZED SCHEDULE OF EXTRAORDINARY LOSSES AND GAINS 

 

 iv 

 EXHIBIT D 

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 [Insert name of Assignor] (the “Assignor”) and [Insert name of Assignee] (the “Assignee”). Capitalized terms used but not defined herein shall have the meanings
given to them in the Credit Agreement identified below, receipt of a copy of which is hereby acknowledged by the Assignee. The Standard Terms and Conditions set forth in Annex 1 attached hereto (the “Standard Terms and
Conditions”) are hereby agreed to and incorporated herein by reference and made a part of this Assignment and Assumption as if set forth herein in full. 

For an agreed consideration, the Assignor hereby irrevocably sells and assigns to the Assignee, and the Assignee hereby irrevocably
purchases and assumes from the Assignor, subject to and in accordance with the Standard Terms and Conditions and the Credit Agreement, as of the Effective Date inserted by the Administrative Agent as contemplated below (i) all of the
Assignor’s rights and obligations in its capacity as a Lender under the Credit Agreement and any other documents or instruments delivered pursuant thereto to the extent related to the amount and percentage interest identified below of all of
such outstanding rights and obligations of the Assignor under the respective facilities identified below (including any guarantees and 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) 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 pursuant to clauses (i) and (ii) above being referred to herein collectively as the
“Assigned Interest”). Such sale and assignment is without recourse to the Assignor and, except as expressly provided in this Assignment and Assumption, without representation or warranty by the Assignor. 

 

					
	 1. Assignor:
	  	  
	  	
			
	 2. Assignee:
	  	  
	  	
		  	[and is an Affiliate/Approved Fund of [identify
Lender]8
]
		
	 3. Borrower:
	  	INTERCONTINENTALEXCHANGE, INC.
	
	 4. Administrative Agent: Wachovia Bank, National Association, as the Administrative Agent under the Credit
Agreement.

  

	8
	Select as applicable. 

 5. Credit Agreement: Credit Agreement, dated as of January 12, 2007, as amended by the
First Amendment to Credit Agreement, dated as of August 24, 2007 and the Second Amendment to Credit Agreement, dated as of June 13, 2008, and as amended and restated as of the      day of April, 2009, (as
amended, modified, restated or supplemented from time to time, the “Credit Agreement”), among the Borrower, certain lenders from time to time parties thereto (the “Lenders”), Wachovia Bank, National Association, as
Administrative Agent, and Bank of America, N.A., as Syndication Agent. 
 6. Assigned Interest: 

 

								
	 Aggregate Amount of
Commitment/Loans
for all
Lenders3
	  	Amount
of
Commitment/Loans
Assigned9
	  	Percentage 
Assigned
of
Commitment/Loans10
	  	CUSIP
Number11

				
	 $                     

	  	$	                     	  	%	  	
				
	 $                     

	  	$	                     	  	%	  	
				
	 $                     

	  	$	                     	  	%	  	

  

					
	 [7.TradeDate:
	 	                            
]12
	 	
	
	 8. Effective Date:
                                         
       [TO BE INSERTED BY THE ADMINISTRATIVE AGENT AND WHICH SHALL BE THE EFFECTIVE DATE OF RECORDATION OF TRANSFER IN THE REGISTER THEREFOR.]

 

	9
	Amount 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
	Insert if applicable. 

	12
	To be completed if the Assignor and the Assignee intend that the minimum assignment amount is to be determined as of the Trade Date. 

 

 2 

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

 

			
	ASSIGNOR:
	
	 [NAME OF ASSIGNOR]

		
	By:	 	  

		
	Title:	 	  

	
	ASSIGNEE:
	
	[NAME OF ASSIGNEE]
		
	By:	 	  

		
	Title:	 	  

[Consented to
and]13 Accepted: 

 

							
	WACHOVIA BANK, NATIONAL ASSOCIATION,	 		 	
	as Administrative Agent	 		 	
				
	By:	 	  
	 		 	
				
	Title:	 	  
	 		 	
			
	[Consented
to:]14
	 		 	
			
	[NAME OF RELEVANT PARTY]	 		 	
				
	By:	 	  
	 		 	
				
	Title:	 	  
	 		 	

  

	13
	
To
 be added only if the consent of the Administrative Agent is required by the terms of the Credit Agreement. 

	14	 To be added only
if the consent of the Administrative Agent is required by the terms of the Credit Agreement. 

  

 3 

 ANNEX 1 to Assignment and Assumption 

Credit Agreement, dated as of January 12, 2007, as amended by the First Amendment to Credit Agreement, dated as of August 24,
2007 and the Second Amendment to Credit Agreement, dated as of June 13, 2008, and as amended and restated as of the          day of April, 2009, (as amended, modified, restated or supplemented from
time to time, the “Credit Agreement”), among IntercontinentalExchange, Inc., as Borrower, certain Lenders from time to time parties thereto, Wachovia Bank, National Association, as Administrative Agent, and Bank of America, N.A., as
Syndication Agent 
 STANDARD TERMS AND CONDITIONS FOR 

ASSIGNMENT AND ASSUMPTION 

1. Representations and Warranties. 

1.1 Assignor. The Assignor (a) represents and warrants that (i) it is the legal and beneficial owner of the Assigned
Interest, (ii) the Assigned Interest is free and clear of any lien, encumbrance or other adverse claim and (iii) it has full power and authority, and has taken all action necessary, to execute and deliver this Assignment and Assumption and
to consummate the transactions contemplated hereby; and (b) assumes no responsibility with respect to (i) any statements, warranties or representations made in or in connection with the Credit Agreement or any other Credit Document,
(ii) the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Credit Documents or any collateral thereunder, (iii) the financial condition of the Borrower, any of its Subsidiaries or Affiliates or any
other Person obligated in respect of any Credit Document or (iv) the performance or observance by the Borrower, any of its Subsidiaries or Affiliates or any other Person of any of their respective obligations under any Credit Document.

 1.2. Assignee. The Assignee (a) represents and warrants that (i) it has full power and authority, and has
taken all action necessary, to execute and deliver this Assignment and Assumption and to consummate the transactions contemplated hereby and to become a Lender under the Credit Agreement, (ii) it meets all requirements of an assignee of the
Assigned Interest under the Credit Agreement (subject to receipt of such consents as may be required under the Credit Agreement), (iii) from and after the Effective Date, it shall be bound by the provisions of the Credit Agreement as a Lender
thereunder and, to the extent of the Assigned Interest, shall have the obligations of a Lender thereunder, (iv) it has received a copy of the Credit Agreement, together with copies of the most recent financial statements delivered pursuant to
Section 5.1 thereof, as applicable, and such other documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into this Assignment and Assumption and to purchase the Assigned Interest on
the basis of which it has made such analysis and decision independently and without reliance on the Administrative Agent, Assignor or any other Lender, and (v) if it is a Foreign Lender, attached to the Assignment and Assumption is any
documentation required to be delivered by it pursuant to the terms of the Credit Agreement, duly completed and executed by the Assignee; and (b) agrees that (i) it will, independently and without reliance on the Administrative Agent, the
Assignor or any other Lender, and based on 

 
such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under the Credit Documents, and (ii) it will
perform in accordance with their terms all of the obligations that by the terms of the Credit 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 Assigned
Interest (including payments of principal, interest, fees and other amounts) to the Assignor for amounts that have accrued to but excluding the Effective Date and to the Assignee for amounts that have accrued from and after the Effective Date.

 3. General Provisions. This Assignment and Assumption shall be binding upon, and inure to the benefit of, the parties
hereto and their respective successors and assigns. This Assignment and Assumption may be executed in any number of counterparts, 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 laws of the State
of New York (including Sections 5-1401 and 5-1402 of the New York General Obligations Law, but excluding all other choice of law and conflicts of law rules). 
  

 2 

 DISCLOSURE SCHEDULES 

AMENDED AND RESTATED CREDIT AGREEMENT 

among 

INTERCONTINENTALEXCHANGE, INC., 

as Borrower 

THE LENDERS NAMED THEREIN, 

WACHOVIA BANK, NATIONAL ASSOCIATION, 

as Administrative Agent 

and 

BANK OF AMERICA, N.A. 

as Syndication Agent 

$175,000,000 Senior Term Loan Facility 

Dated as of April 9, 2009 

Attached hereto are the Borrower’s “Schedules” as contemplated by the Amended and Restated Credit Agreement of even
date herewith (the “Agreement”), by and among IntercontinentalExchange, Inc., a Delaware corporation (the “Borrower”), the Lenders named therein, Wachovia Bank, National Association, as Administrative Agent, and
Bank of America, N.A., as Syndication Agent. Capitalized terms used, but not otherwise defined herein, have the meanings given to such terms in the Agreement. 

The disclosures on the Borrower’s Schedules may be over-inclusive, considering the materiality standard contained in, and the
disclosures required by, the provisions of the Agreement corresponding to the respective disclosure schedule, and the fact that any item or matter is disclosed on the attached Schedules shall not be deemed to set or establish different standards of
materiality or required disclosures from those set forth in the corresponding provisions of the Agreement. Furthermore, the disclosure of any item or information in the Schedules is not an admission that such item or information (or any
non-disclosed item or information of comparable or greater significance) is material, is required to have been disclosed herein, or is of a nature that would have a Material Adverse Effect. 

 Schedule 1.1(a) 

Loans and 
 Notice
Addresses 
 Loans 

Loans 
  

				
	 Lender
	  	Loans
	 Wachovia Bank, National Association
	  	$	26,250,000.00
		
	 Bank of America, N.A.
	  	$	26,250,000.00
		
	 BMO Capital Markets Financing, Inc.
	  	$	19,250,000.00
		
	 Societe Generale
	  	$	17,500,000.00
		
	 Bank of Tokyo-Mitsubishi UFJ, Ltd.
	  	$	17,500,000.00
		
	 Mizuho Corporate Bank, Ltd.
	  	$	11,375,000.00
		
	 Commerzbank Aktiengesellschaft New York and Grand Cayman Branch
	  	$	11,375,000.00
		
	 RBC Centura Bank
	  	$	10,500,000.00
		
	 The Bank of Nova Scotia
	  	$	6,125,000.00
		
	 Chang Hwa Commercial Branch, Ltd., New York Branch
	  	$	6,125,000.00
		
	 First Commercial Bank New York Agency
	  	$	6,125,000.00
		
	 Comerica Bank
	  	$	6,125,000.00
		
	 E. Sun Commercial Bank, Ltd., Los Angeles Branch
	  	$	3,500,000.00
		
	 Hua Nan Commercial
	  	$	3,500,000.00
		
	 Taipei Fubon
	  	$	3,500,000.00
		
	 Total
	  	$	175,000,000.00

 Notice Addresses 

 

			
	 Party
	  	 Address

		
	Borrower	  	 IntercontinentalExchange, Inc.

2100 River Edge Parkway,
5th Floor

Atlanta, Georgia 30328
 Attention: Legal
Department
 Telephone: (770) 738-2106

Telecopy: (770) 857-4755

		
	Wachovia Bank, National Association	  	 Instructions for wire transfers to the

Administrative Agent:
  

Wachovia Bank, National Association
 ABA Routing
No. 053000219
 Charlotte, North Carolina

Account Number: 5000000147609
 Account Name:
IntercontinentalExchange Inc
 Attention: Syndication Agency Services

 
 Address for notices as Administrative Agent:

 
 Wachovia Bank, National Association

1525 W.T. Harris Blvd.
 Buliding 3A2, Mailcode NC
0680
 Charlotte, North Carolina 28262

Attention: Syndication Agency Services

Telephone: (704) 383-3721
 Telecopy: (704)
383-0288
  
 with a copy to:

 
 Wachovia Bank, National Association

171 17th Street, N.W.
 Mailcode GA4507

Atlanta, Georgia 30363
 Attention: Elaine Eaton

 Telephone: (404) 214-3627
 Telecopy:
(404) 861-0604
 Attention: Mendel Lay

Telephone: (404) 214-3849
 Telecopy: (404)
214-3861

  

 Schedule 4.1 

Jurisdictions of Organization 
  

			
	Borrower	  	Jurisdiction of Organization
		
	 IntercontinentalExchange, Inc.
	  	Delaware
		
	Subsidiary Guarantors	  	
		
	 Chatham Energy, LLC
	  	Delaware
		
	 Creditex Group Inc.
	  	Delaware
		
	 Creditex Holdco, LLC
	  	Delaware
		
	 Creditex LLC
	  	Delaware
		
	 Creditex Securities Corporation
	  	Delaware
		
	 CreditTrade Inc.
	  	Delaware
		
	 ICE Data Investment Group, LLC
	  	Delaware
		
	 ICE Data Management Group, LLC
	  	Delaware
		
	 ICE Data, LP
	  	Delaware
		
	 ICE Futures U.S., Inc. (formerly known as CFC Acquisition Co.)
	  	Delaware
		
	 ICE Markets, Inc.
	  	Delaware
		
	 ICE US Holding Company GP LLC
	  	Delaware
		
	 IntercontinentalExchange International, Inc.
	  	Delaware
		
	 T-Zero Processing Services LLC
	  	Delaware
		
	 YellowJacket, Inc.
	  	Delaware
		
	 eCOPS, LLC
	  	New York
		
	 ICE Clear US, Inc. (formerly known as New York Clearing Corporation)
	  	New York
		
	 New York Futures Exchange, Inc.
	  	New York

 Schedule 4.4 

Consents and Approvals 

None. 

 Schedule 4.5 

Litigation Matters 

Altman et al v. ICE Futures U.S. 

On April 6, 2007, the Supreme Court of the State of New York, County of New York, granted ICE Futures U.S.’s motion to dismiss
all claims brought against it in an action commenced on December 8, 2006, by certain holders of non-equity trading permits, or Permit Holders, of ICE Futures U.S. seeking declaratory, monetary and injunctive relief with respect to the
merger. Plaintiffs alleged that, in violation of contract rights and/or rights under New York’s Not-For-Profit Corporation Law (“NPCL”), ICE Futures U.S.’s Permit Holders, including plaintiffs, were not permitted to vote
with respect to the merger and would not receive any part of the merger consideration. Plaintiffs sought (i) to enjoin consummation of the merger, (ii) declaratory relief regarding their past and future rights as Permit Holders, and
(iii) an award of unspecified damages on claims for breach of fiduciary duty, breach of contract, unjust enrichment, estoppel and fraud. The court also denied the plaintiffs’ motion for a preliminary injunction. On February 4, 2008,
the Permit Holders appealed the lower court’s ruling dismissing their complaint but did not pursue an appeal of the lower court’s denial of their request for an order enjoining the merger. On June 24, the court denied the
plaintiffs’ appeal and the plaintiffs have no further right to appeal unless the New York Court of Appeals grants the plaintiffs a leave of appeal. The appeal was denied in its entirety on June 24th. The Permit Holders then requested leave
of the court to appeal the decision to the New York Court of Appeals. That request was denied on October 7th and the Permit Holders then filed a motion for leave to appeal directly to the Court of Appeals. That motion, likewise, was denied on
January 20, 2009 based on the permit holders’ failure to timely file the request for appeal. As a technical matter, “reargument” of the appeal could be sought, however, the permit holders would have to demonstrate that the Court
of Appeals misapprehended some aspect of the “argument” that was made before it. In light of the fact that no such argument ever occurred, the permit holders would face serious impediments were they to file a request to reargue.

 Amirsaleh v. Board of Trade of the City of New York, Inc. and Intercontinental Exchange, Inc. 

This action was filed by a former NYBOT equity member in the Court of Chancery of the State of Delaware, New Castle County, on
March 22, 2007, asserting that NYBOT breached the terms of the Merger Agreement between NYBOT and ICE, and breached the duty of good faith and fair dealing implicit in every contract, by allegedly failing to give plaintiff timely notice of the
election deadline with respect o the merger consideration that would be paid to NYBOT equity members. The Plaintiff seeks shares of ICE stock in an amount equal to the amount received by any member who made an all stock election, and seeks the
issuance to him of two NYBOT trading memberships, which were not issued following the merger due to plaintiff’s failure to own and pledge the shares of ICE stock that were a pre-requisite to the issuance of such memberships. ICE and NYBOT filed
an Answer to the Complaint on April 23, 2007, denying the essential allegations and asserting as affirmative defenses that (1) the Complaint fails to state a claim upon which relief can be granted, (2) plaintiff’s claims and
requests for relief are barred by the doctrines of waiver, estoppel and/or acquiescence and (3) plaintiff lacks standing to assert 

 
claims for breach of the merger agreement and (4) failure to take reasonable steps to mitigate the damages claimed. A motion for Judgment on the Pleading or in the alternative, for Summary
Judgment was filed by defendants on June 11, 2008 and was decided on September 11, 2008. The court granted the motion insofar as the breach of contract claim was concerned and denied it with respect to the claim based on the implied
covenant of good faith and fair dealing because the Court found there to be issues of fact in dispute that precluded the grant of summary judgment as a procedural matter. [***] The matter has been scheduled for trial July 21-23, 2009.

  

	***	Confidential information on this page has been omitted and filed separately with the Commission. Confidential treatment has been requested with respect to the omitted
portions. 

 Schedule 4.7 

Subsidiaries 
 The
Borrower is the 100% direct owner of the following domestic entities: 
  

	 	1.	IntercontinentalExchange International, Inc. (“ICE International”) 

 

	 	2.	ICE Markets, Inc. (“ICE Markets”) 

  

	 	3.	ICE Data Management Group, LLC (“ICE Management”) 

  

	 	4.	ICE Data Investment Group, LLC (“ICE Investment”) 

  

	 	5.	ICE Futures U.S., Inc. (“ICE Futures”) 

  

	 	6.	Chatham Energy, LLC 

  

	 	7.	YellowJacket, Inc. 

  

	 	8.	Creditex Group Inc. 

  

	 	9.	Creditex Holdco, LLC 

  

	 	10.	ICE US Holding Company GP LLC 

 The Borrower
is the 100% indirect owner (except as indicated below) of the following domestic entities: 
  

	 	1.	ICE Data, LP (ICE Management is the direct 1% owner; ICE Investment is the direct 99% owner) 

 

	 	2.	ICE Clear US, Inc. (ICE Futures is the direct 100% owner) 

  

	 	3.	eCOPS, LLC (ICE Futures is the direct 100% owner) 

  

	 	4.	New York Futures Exchange (ICE Futures is the direct 100% owner) 

  

	 	5.	The Clearing Corporation (ICE US Holding Company L.P. is the direct 100% owner) 

 

	 	6.	ICE US Trust LLC (ICE US Holding Company L.P. is the direct 100% owner) 

  

	 	7.	QW Holdings LLC (50.11% owner is Creditex Group Inc and 49.89% owners are other third party investors) 

 

	 	8.	Q-WIXX B Sub LLC (100% owned by QW Holdings LLC) 

  

	 	9.	T-Zero Processing Services LLC (100% owner is Creditex Group Inc.) 

	 	10.	Creditex LLC (100% owner is Creditex Group Inc.) 

  

	 	11.	CreditTrade Inc. (100% owner is Creditex Group Inc.) 

  

	 	12.	Creditex Securities Corporation (100% owned by CreditTrade Inc.) 

The Borrower is the 100% indirect owner (except as indicated below) of the following foreign entities: 

 

	 	1.	ICE Markets Corporation (ICE Markets is the direct 100% owner) 

  

	 	2.	ICE Netherlands C.V. (ICE Markets 1% LP; ICE International 99% LP) 

  

	 	3.	ICE Netherlands B.V. (ICE Netherlands C.V. 100% owner) 

  

	 	4.	5509794 Manitoba, Inc. (ICE Netherlands B.V. 100% owner) 

  

	 	5.	ICE Futures Canada, Inc. (“ICE Futures Canada”) (5509794 Manitoba, Inc. 100% owner) 

 

	 	6.	ICE Clear Canada, Inc. (ICE Futures Canada 100% owner) 

  

	 	7.	Canadian Climate Exchange, Inc. (ICE Futures Canada 100% owner) 

  

	 	8.	ICE Services Canada, Inc. (ICE Futures Canada 100% owner) 

  

	 	9.	IntercontinentalExchange Holdings (ICE International is the < 1% owner and ICE Netherlands C.V. is > 99% owner) 

 

	 	10.	ICE Markets Limited (IntercontinentalExchange Holdings is the direct 100% owner) 

 

	 	11.	ICE Clear Europe Ltd. (IntercontinentalExchange Holdings is the direct 100% owner) 

 

	 	12.	ICE Clear UK Ltd. (IntercontinentalExchange Holdings is the direct 100% owner) 

 

	 	13.	ICE Futures Holdings Ltd. (IntercontinentalExchange Holdings is the direct 100% owner) 

 

	 	14.	IntercontinentalExchange Technologies Limited (IntercontinentalExchange Holdings is the direct 100% owner) 

 

	 	15.	ICE Data Holdings Limited (IntercontinentalExchange Holdings is the direct 20% owner and ICE Data Services Limited is the direct 80% owner) 

 

	 	16.	International Petroleum Exchange of London Limited (IntercontinentalExchange Holdings is the direct 100% owner) 

 

	 	17.	IPE Holdings Limited (IntercontinentalExchange Holdings is the direct 100% owner) 

 

	 	18.	ICE Education Limited (ICE Futures Holdings Ltd. is the direct 100% owner) 

  

 2 

	 	19.	International Petroleum Exchange Limited (ICE Futures Holdings Ltd. is the direct 100% owner) 

 

	 	20.	ICE Futures Holdco No. 1 (ICE Futures Holdings Ltd. is the direct 100% owner) 

 

	 	21.	ICE Futures Holdco No. 2 (ICE Futures Holdings Ltd. is the direct 100% owner) 

 

	 	22.	ICE Data Services Limited (ICE Futures Holdings Ltd. is the direct 100% owner) 

 

	 	23.	ICE Futures Europe (ICE Futures Holdco No. 1 is 50% owner and ICE Futures Holdco No. 2 is 50% owner) 

 

	 	24.	ICE Futures Ltd. (ICE Futures Europe is the direct 100% owner) 

  

	 	25.	ICE Data LLP (ICE Data Holdings Limited is 99% owner and IntercontinentalExchange Holdings is 1% owner) 

 

	 	26.	ICE US Holding Company L.P. (ICE US Holding Company GP LLC is the direct 100% owner of the general partnership interests; Borrower owns 50% of the limited partnership
interests and the remaining 50% of the limited partnership interests are owned by the former shareholders of The Clearing Corporation) 

  

	 	27.	Q-WIXX International Limited (100% owned by Q-WIXX B Sub LLC) 

  

	 	28.	T-Zero International, Ltd. (100% owned by T-Zero Processing Services LLC) 

  

	 	29.	Creditex UK, Ltd. (100% owned by CreditTrade, Inc.) 

  

	 	30.	Creditex Brokerage LLP (100% owned by Creditex UK Ltd.) 

  

	 	31.	Creditex Singapore PTE. Ltd. (100% owned by CreditTrade, Inc.) 

The Borrower is the 100% direct owner of the following foreign entities: 

 

	 	1.	ICE Clear Holdco, Ltd. 

  

 3 

 Schedule 4.19 

Material Contracts 
  

			
		
	1.	  	Agreement and Plan of Merger by and among IntercontinentalExchange, Inc., Columbia Merger Corporation, Creditex Group Inc. and TA Associates, Inc. dated June 3, 2008
(incorporated by reference to Exhibit 10.1 to ICE’s Quarterly Report on Form 10-Q, filed with the SEC on August 4, 2008, File No. 001-32671).
		
	2.	  	Amendment to Agreement and Plan of Merger, dated as of August 26, 2008, to the Agreement and Plan of Merger, dated as of June 3, 2008, by and among ICE, MergerCo, Creditex and the
Stockholders’ Representative (incorporated by reference to Exhibit 10.1 to ICE’s Current Report on Form 8-K, filed with the SEC on September 2, 2008, File No. 001-32671).
		
	3.	  	Employment Agreement, dated as of December 31, 2008, between IntercontinentalExchange, Inc. and Jeffrey C. Sprecher (incorporated by reference to Exhibit 10.1 to ICE’s Current
Report on Form 8-K, filed with the SEC on January 7, 2009, File No. 001-32671).
		
	4.	  	Employment Agreement, dated as of December 31, 2008, between Intercontinental-Exchange, Inc. and Charles A. Vice (incorporated by reference to Exhibit 10.2 to ICE’s Current
Report on Form 8-K, filed with the SEC on January 7, 2009, File No. 001-32671).
		
	5.	  	Employment Agreement, dated as of December 31, 2008, between Intercontinental-Exchange, Inc. and David S. Goone (incorporated by reference to Exhibit 10.3 to ICE’s Current
Report on Form 8-K, filed with the SEC on January 7, 2009, File No. 001-32671).
		
	6.	  	Employment Agreement, dated as of December 31, 2008, between Intercontinental-Exchange, Inc. and Edwin D. Marcial (incorporated by reference to Exhibit 10.4 to ICE’s Current
Report on Form 8-K, filed with the SEC on January 7, 2009, File No. 001-32671).
		
	7.	  	Employment Agreement dated as of December 31, 2008, between Intercontinental-Exchange, Inc. and Scott A. Hill (incorporated by reference to Exhibit 10.5 to ICE’s Current Report
on Form 8-K, filed with the SEC on January 7, 2009, File No. 001-32671).
		
	8.	  	IntercontinentalExchange, Inc. 2000 Stock Option Plan, as amended effective December 31, 2008.
		
	9.	  	IntercontinentalExchange, Inc. 2003 Restricted Stock Deferral Plan for Outside Directors, as amended effective December 31, 2008.
		
	10.	  	IntercontinentalExchange, Inc. 2004 Restricted Stock Plan, as amended effective December 31, 2008.
		
	11.	  	IntercontinentalExchange, Inc. 2005 Equity Incentive Plan, as amended effective December 31, 2008.
		
	12.	  	$500,000,000 Credit Agreement, dated as of January 12, 2007, among IntercontinentalExchange, Inc. Wachovia Bank, National Association, as Administrative Agent, Bank of America,
N.A., as Syndication Agent, and other Lenders named therein (incorporated by reference to Exhibit 10.1 to ICE’s Current Report on Form 8-K, filed with the SEC on January 12, 2007, File No. 001-32671) (as amended by items 13 and 14 below; to be
amended and restated by this Agreement).
		
	13.	  	First Amendment to $500,000,000 Credit Agreement among IntercontinentalExchange, Inc. and Wachovia Bank, National Association, as Administrative Agent, Bank of America, N.A., as
Syndication Agent, and the Lenders named therein dated as of August 24, 2007 (incorporated by reference to Exhibit 10.1 to our Current Report on Form 8-K, filed with the SEC on August 30, 2007, File No. 001-32671) (amends item
12; to be amended and restated by this Agreement).

			
		
	14.	  	Second Amendment to $500,000,000 Credit Agreement among IntercontinentalExchange, Inc. and Wachovia Bank, National Association, as Administrative Agent, Bank of America, N.A., as
Syndication Agent, and the Lenders named therein dated as of June 13, 2008 (incorporated by reference to Exhibit 10.1 to our Current Report on Form 8-K, filed with the SEC on June 19, 2008, File No. 001-32671) (amends item
12; to be amended and restated by this Agreement).
		
	15.	  	$150,000,000 Credit Agreement, dated as of June 27, 2008, among IntercontinentalExchange, Inc. Wachovia Bank, National Association, as Administrative Agent, Bank of America,
N.A., as Syndication Agent, and other Lenders named therein (incorporated by reference to Exhibit 10.1 to ICE’s Current Report on Form 8-K, filed with the SEC on July 3, 2008, File No. 001-32671) (to be terminated at Closing).

		
	16.	  	New Credit Facility to be entered into at Closing.
		
	17.	  	New Liquidity Facility to be entered into at Closing.
		
	18.	  	Office Lease, dated as of June 8, 2000, as amended, between CMD Realty Investment Fund IV, L.P. and IntercontinentalExchange, LLC (incorporated by reference to Exhibit 10.17 to
ICE’s registration statement on Form S-1, filed with the SEC on June 6, 2005, File No. 333-123500).*
		
	19.	  	Lease Amendment Six, dated as of October 12, 2005, by and between CMD Realty Investment Fund IV, L.P. and IntercontinentalExchange, Inc. (incorporated by reference to Exhibit
10.27 to ICE’s registration statement on Form S-1, filed with the SEC on October 14, 2005, File No. 333-123500).*
		
	20.	  	Lease Amendment Seven, dated as of May 12, 2006, by and between CMD Realty Investment Fund IV, L.P. and IntercontinentalExchange, Inc. (incorporated by reference to Exhibit
10.2 to ICE’s Current Report on Form 8-K, filed with the SEC on May 17, 2006, File No. 001-32671).*
		
	21.	  	Lease Amendment Eight, dated as of November 28, 2006.*
		
	22.	  	Lease Amendment Nine, dated as of February 21, 2007.*
		
	23.	  	Lease Amendment Ten, dated as of May 15, 2008.*
		
	24.	  	TRS—Application Services Agreement, dated as of April 25, 2001, between The International Petroleum Exchange of London Limited and LIFFE Services Company Limited
(incorporated by reference to Exhibit 10.14 to ICE’s registration statement on Form S-1, filed with the SEC on October 14, 2005, File No. 333-123500).*
		
	25.	  	Deed of Novation, dated July 22, 2005, between The International Petroleum Exchange of London Limited, LIFFE Services Limited, Atos Euronext Market Solutions Limited, and LIFFE
Administration and Management (incorporated by reference to Exhibit 10.25 to ICE’s registration statement on Form S-1, filed with the SEC on October 14, 2005, File No. 333-123500).
		
	26.	  	Managed Services Agreement, dated as of December 21, 2007, between ICE Clear Europe Limited and Atos Euronext Market Solutions Limited.*
		
	27.	  	Patent License Agreement, dated as of March 29, 2002, between eSpeed, Inc. and IntercontinentalExchange, Inc. (incorporated by reference to Exhibit 10.16 to ICE’s registration
statement on Form S-1, filed with the SEC on June 6, 2005, File No. 333-123500).
		
	28.	  	Settlement Agreement, dated as of September 1, 2005, by and between EBS Group Limited and IntercontinentalExchange, Inc. (incorporated by reference to Exhibit 10.26 to ICE’s
registration statement on Form S-1, filed with the SEC on October 14, 2005, File No. 333-123500).

			
		
	29.	  	License Agreement For Index-Related Derivative Products dated as of June 15, 2007 between IntercontinentalExchange, Inc. and Frank Russell Company (incorporated by reference to
Exhibit 10.1 to ICE’s Current Report on Form 8-K, filed with the SEC on June 20, 2007, File No. 001-32671).*
		
	30.	  	Contribution and Asset Transfer Agreement, dated as of May 11, 2000, by and between IntercontinentalExchange, LLC, Continental Power Exchange, Inc., and Jeffrey C. Sprecher
(incorporated by reference to Exhibit 10.31 to ICE’s registration statement on Form S-1, filed with the SEC on October 25, 2005, File No. 333-123500).
		
	31.	  	First Amendment to Contribution and Asset Transfer Agreement, dated as of May 17, 2000, by and among IntercontinentalExchange, LLC, Continental Power Exchange, Inc., and Jeffrey C.
Sprecher (incorporated by reference to Exhibit 10.32 to ICE’s registration statement on Form S-1, filed with the SEC on October 25, 2005, File No. 333-123500).
		
	32.	  	Second Amendment to Contribution and Asset Transfer Agreement, dated as of October 24, 2005, by and among IntercontinentalExchange, Inc., Continental Power Exchange, Inc., and
Jeffrey C. Sprecher (incorporated by reference to Exhibit 10.33 to ICE’s registration statement on Form S-1, filed with the SEC on October 25, 2005, File No. 333-123500).
		
	33.	  	IntercontinentalExchange, Inc. Amended and Restated 1999 Stock Option/Stock Issuance Plan (formerly the Creditex Group Inc. Amended and Restated 1999 Stock Option/Stock Issuance
Plan) (incorporated by reference to Exhibit 4.1 to ICE’s registration statement on Form S-8, filed with the SEC on September 2, 2008, File No. 333-153299).
		
	34.	  	Agreement and Plan of Merger dated as of March 6, 2009, by and among The Clearing Corporation, a Delaware corporation, ICE US Holding Company L.P., a Cayman Islands exempted
limited partnership and subsidiary of IntercontinentalExchange, Inc., Pony Merger Sub LLC, a Delaware limited liability company, IntercontinentalExchange, Inc. (solely for the limited purposes therein), and TCC Stockholders’ Representative,
LLC, a Delaware limited liability company.
		
	35.	  	Amended and Restated Limited Partnership Agreement of ICE US Holding Company L.P. dated as of March 6, 2009
		
	36.	  	Master Agreement and the addenda thereto dated as of March 6, 2009 by and between Markit Group Limited, a company incorporated under the laws of England and Wales, and ICE US Trust
LLC, a New York limited purpose limited liability trust company.

  

 Schedule 7.2 

Indebtedness 

ICE Clear Canada, Inc., a wholly owned subsidiary of ICE Futures Canada, Inc. and an indirect subsidiary of Borrower (“ICE Clear
Canada”), has a stand-by line of credit facility in the amount of $3,000,000 with the Royal Bank of Canada, pursuant to the following: (a) General Hypothecation Agreement, dated October 28, 1998; (b) Letter Agreement, dated
March 30, 2004, by WCE Clearing Corporation, setting forth the draw down line requirements; and (c) Letter Agreement, dated January 29, 2004, by Royal Bank of Canada, as amended by the Letter Agreement, dated October 30, 2008,
setting forth the current fees and costs associated with the stand-by line of credit facility. As of the date hereof, ICE Clear Canada has not drawn upon this stand-by line of credit facility. 

 Schedule 7.3 

Liens 

None. 

Schedule 7.7 

Transactions with Affiliates 

Transactions with Officer and Stockholder of Borrower 

As a part of the transactions surrounding our formation, the Borrower entered into an agreement with our predecessor company, Continental
Power Exchange, Inc. (“CPEX”), on May 11, 2000. Our Chief Executive Officer, Mr. Sprecher, owns all the equity interests in CPEX. Pursuant to the agreement, CPEX conveyed all of its assets and liabilities to us. These
assets included intellectual property that we used to develop our electronic platform. In return, we issued to CPEX an equity interest in our business and we agreed to give CPEX a put option, by which CPEX could require us to buy its equity interest
in our business at the purchase price equal to either our fair market value or $5 million, whichever is greater. 
 In
connection with the Borrower’s initial public offering, in October 2005 the Borrower entered an agreement with CPEX and Mr. Sprecher to terminate the put option upon the closing of the Borrower’s initial public offering. In connection
with the termination of the put option, the Borrower amended certain registration rights previously granted to CPEX, which currently owns 1,952,978 shares of the Borrower’s common stock. Under this agreement, CPEX is entitled to require the
Borrower to register for resale into the public market its common stock if Mr. Sprecher’s employment has been terminated. In addition, the Borrower may be obligated to pay the expenses of registration of such shares, including underwriters
discounts up to a maximum of $4.5 million. 
 Relationships with Former Director of Borrower 

Richard L. Sandor, a former director of the Borrower, who retired on March 13, 2008, is the chairman, chief executive officer and
principal owner of the Chicago Climate Exchange, Inc., which operates futures and OTC markets for the trading of emissions. In July 2003, the Borrower entered into an agreement with the Chicago Climate Exchange to provide hosting services for the
trading of the Chicago Climate Exchange emissions on our electronic platform. In December 2007, the Borrower entered a new agreement with Chicago Climate Exchange to provide the services. Under this agreement, the Chicago Climate Exchange was
required to pay us a platform license fee, a platform operations fee and clearing fee of $2,300,000 in 2008, as well as certain fees relating to trading volumes. The Chicago Climate Exchange is also required to pay the Borrower for certain
technology development work at an agreed upon rate. The initial term of this agreement began on January 1, 2008 and continues for five years. The agreement provides for automatic renewal of the term for additional one year periods following the
expiration of the initial term unless either party provides at least 90 days notice of its intention not to renew. 

 In addition, in August 2004, ICE Futures Europe entered into a Cooperation and Licensing
Agreement with the Chicago Climate Exchange. Pursuant to this agreement, the Chicago Climate Exchange and ICE Futures Europe formed a cooperative relationship for the purposes of promoting the development of a European emissions trading market
through, in particular, the trading of emissions contracts on our electronic platform. The agreement provides for the Chicago Climate Exchange to fund ICE Futures Europe development and operating costs in relation to the emissions contracts, in
return for which the Chicago Climate Exchange receives 75% of net transaction fee income from the emissions contracts (after the deduction of operating costs). Pursuant to an amendment to this agreement effective June 28, 2006, the amount that
the Chicago Climate Exchange is entitled to receive decreased to 72.5%. In December 2004, the European Climate Exchange, which is a subsidiary of the Chicago Climate Exchange, acceded to the terms of the Cooperation and Licensing Agreement.
Emissions contracts refer to any cash or spot or futures contract for European emissions allowances traded on our platform pursuant to this agreement. Consistent with, and subject to, its legal and regulatory obligations and the provisions of this
agreement, ICE Futures Europe has agreed, among other obligations, to: 
  

	 	•	 	 use commercially reasonable efforts to cooperate with the Chicago Climate Exchange in the design and listing of the emissions contracts;

  

	 	•	 	 manage, in cooperation with us, the process of modifying our electronic platform and other hardware and software as necessary to allow the trading of
the emissions contracts; 

  

	 	•	 	 provide required market supervision, compliance and regulatory arrangements; and 

 

	 	•	 	 obtain the necessary regulatory approvals to allow the trading of the emissions contracts from trading screens located in the United Kingdom, Germany,
France, the Netherlands, Switzerland, Sweden, Norway, the United States, and such other countries as ICE Futures Europe and the Chicago Climate Exchange agree. 

The term of this agreement concludes on the later of December 31, 2012 and the date on which Phase I of the European Emissions
Allowances Trading Scheme terminates, unless sooner terminated pursuant to special termination provisions of the agreement. The terms of this agreement provide for automatic renewal periods of one year following the conclusion of the term, unless
terminated earlier by either party upon written notice provided no later than twelve months prior to the end of the term, or three months prior to the end of any renewal period. 

During the year ended December 31, 2008, the Borrower recognized approximately $3.4 million in revenues pursuant to these
agreements. The Borrower believes the relationship and agreements between it and the Chicago Climate Exchange and European Climate Exchange are arms-length transactions that are on commercially reasonable terms no less favorable to the Borrower than
would be negotiated with an unaffiliated third party. 
  

 2

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