Document:

Share Purchase Agreement, dated June 13, 2008

 Exhibit 10.1 
 Final 
 13 June 2008 
 Share Purchase Agreement 
 (the “Agreement”) 
 between 
 Credence Europa Limited 

- “Seller” - 
 and

 Credence Systems Corporation 
 (as guarantor with respect to Section 9 only) 
 - “Guarantor” - 
 on the one hand 
 and 
 Advantest (Europe) GmbH 
 -
“Purchaser” - 
 on the other hand 
 dated 13 June 2008 
 regarding the sale and purchase of all shares in Credence Systems GmbH 

 Final 
 13 June 2008 
  

 TABLE OF CONTENTS 
  

					
	 	  	Page
	 LIST OF EXHIBITS
	  	6
		
	 Recitals
	  	8
		
	 Section 1 Sale and Transfer of the Sold Shares
	  	9
			
	 1.1
	  	Agreement to Sell and Purchase	  	9
			
	 1.2
	  	Transfer of the Sold Shares	  	9
			
	 1.3
	  	Dividend Rights	  	9
		
	 Section 2 Purchase Price; Payment; Net Working Capital Adjustment
	  	9
			
	 2.1
	  	Purchase Price	  	9
			
	 2.2
	  	Payment on the Closing Date	  	10
			
	 2.3
	  	Mode of Payment; No Set-Off	  	10
			
	 2.4
	  	Net Working Capital	  	10
			
	 2.5
	  	Determination of Net Working Capital and of the Deferred Revenue Excess on Closing Date	  	11
			
	 2.6
	  	Purchaser’s Audit Right	  	11
			
	 2.7
	  	Preparation of Closing Date Statement	  	11
			
	 2.8
	  	Accounting Principles	  	12
			
	 2.9
	  	Review of Closing Date Statement	  	12
			
	 2.10
	  	Dispute Resolution	  	12
			
	 2.11
	  	Settlement	  	13
		
	 Section 3 Closing
	  	14
			
	 3.1
	  	Place and Time of Closing	  	14
			
	 3.2
	  	Conditions to Closing	  	14

  

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	 3.3
	  	Merger Control Proceedings	  	16
			
	 3.4
	  	Actions on the Closing Date	  	17
		
	 Section 4 Representations and Warranties of Seller
	  	17
			
	 4.1
	  	Organization and Authorization of Seller and Guarantor	  	18
			
	 4.2
	  	Due Incorporation and Organization	  	19
			
	 4.3
	  	Ownership of Shares; Shareholdings	  	20
			
	 4.4
	  	Financial Statements	  	21
			
	 4.5
	  	Assets	  	22
			
	 4.6
	  	Intellectual Property Rights	  	24
			
	 4.7
	  	Governmental Permits; Compliance with Laws; State Aids	  	26
			
	 4.8
	  	Litigation, Disputes	  	26
			
	 4.9
	  	Employees	  	27
			
	 4.10
	  	Agreements	  	29
			
	 4.11
	  	Insurance Coverage	  	32
			
	 4.12
	  	Product Liability and Warranty	  	33
			
	 4.13
	  	Certain Transaction Related Fees and Expenses	  	33
			
	 4.14
	  	Conduct of Business since October 31, 2007	  	33
			
	 4.15
	  	Tax Matters	  	35
			
	 4.16
	  	Environmental Matters	  	36
			
	 4.17
	  	Disclosure	  	37
		
	 Section 5 Representations and Warranties of Purchaser
	  	38
			
	 5.1
	  	Existence and Authorization of Purchaser	  	38
			
	 5.2
	  	Financial Capability	  	39
			
	 5.3
	  	Purchase for Investment	  	39
		
	 Section 6 Covenants
	  	39
			
	 6.1
	  	Conduct of Business Prior to Closing	  	39

  

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	 6.2
	  	Access and Cooperation Prior to the Closing Date	  	40
			
	 6.3
	  	Carve-Out	  	40
			
	 6.4
	  	Use of Seller’s Marks	  	42
			
	 6.5
	  	Non-Solicitation	  	42
			
	 6.6
	  	Confidentiality	  	42
			
	 6.7
	  	Access to Information after Closing	  	43
			
	 6.8
	  	Further Assurances; Cooperation	  	43
		
	 Section 7 Indemnification by Seller
	  	43
			
	 7.1
	  	Indemnification for Inaccuracy of Warranties	  	43
			
	 7.2
	  	Disclosed Matters	  	44
			
	 7.3
	  	Thresholds and Limitation of Liability	  	44
			
	 7.4
	  	Limitation Periods	  	45
			
	 7.5
	  	Indemnification Procedures	  	45
			
	 7.6
	  	No Additional Rights or Remedies	  	46
		
	 Section 8 Termination
	  	46
			
	 8.1
	  	Termination Rights	  	46
			
	 8.2
	  	Effects of Termination	  	47
			
	 8.3
	  	Exclusion of Other Termination Rights	  	47
		
	 Section 9 Guarantor’s Liability
	  	47
		
	 Section 10 Miscellaneous
	  	47
			
	 10.1
	  	Notices; Process Agent	  	47
			
	 10.2
	  	Public Disclosure, Confidentiality	  	48
			
	 10.3
	  	Costs and Expenses	  	48
			
	 10.4
	  	Entire Agreement	  	49
			
	 10.5
	  	Amendments and Waivers	  	49

  

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	 10.6
	  	Governing Law; Jurisdiction	  	49
			
	 10.7
	  	Interpretation	  	50
			
	 10.8
	  	Severability	  	50
			
	 10.9
	  	Definitions	  	51

  

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 LIST OF EXHIBITS 
  

			
	Exhibit R3	  	Non-Automotive Business / Excluded Assets
	Exhibit 2.3 (a)	  	Bank account of Seller
	Exhibit 2.4	  	Pro-Forma May 3 Balance Sheet
	Exhibit 2.8	  	Accounting Principles
	Exhibit 3.2 (c) (ii)	  	Third party consents
	Exhibit 3.4 (b)	  	Representation Certificate
	Exhibit 3.4 (d)	  	Certificate acknowledging the occurrence of the Closing
	Exhibit 4.2 (d)	  	Copies of excerpts from commercial and certain other registers
	Exhibit 4.2 (e)	  	Powers of attorney issued by the Company
	Exhibit 4.4 (a)	  	Annual Financial Statements
	Exhibit 4.4 (c)	  	Financial Debts
	Exhibit 4.5 (b)	  	Third party rights and encumbrances in assets
	Exhibit 4.5 (c)	  	Properties
	Exhibit 4.5 (d)	  	State of repair and maintenance of assets
	Exhibit 4.5 (f)	  	Required Services / Licenses
	Exhibit 4.6 (a)	  	Intellectual Property Rights
	Exhibit 4.6 (b)	  	Third-party rights, licences and restrictions regarding Intellectual Property Rights
	Exhibit 4.6 (c)	  	Infringements of third party intellectual property rights
	Exhibit 4.6 (d)	  	Employee inventions
	Exhibit 4.6 (e)	  	Confidentiality agreements
	Exhibit 4.6 (f)	  	Information Technology
	Exhibit 4.6. (g)	  	Terminating software licenses
	Exhibit 4.8	  	Litigation
	Exhibit 4.9 (a)	  	Key Employees
	Exhibit 4.9 (b)	  	Description of the workforce
	Exhibit 4.9 (c)	  	Collective agreements and practices
	Exhibit 4.9 (d)	  	Redundancy and similar schemes
	Exhibit 4.9 (e)	  	Labor disputes
	Exhibit 4.9 (f)	  	Benefit Plans
	Exhibit 4.9 (g)	  	Stock participation plans, termination periods and loans to employees
	Exhibit 4.9 (h)	  	Arrangement with employees relating to change of control
	Exhibit 4.10 (a)	  	Material Agreements
	Exhibit 4.10 (b)	  	Certain matters relating to Material Agreements
	Exhibit 4.11	  	Insurance matters
	Exhibit 4.12	  	Product liability and warranty

  

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	Exhibit 4.14	  	Conduct of business since October 31, 2007
	Exhibit 4.16	  	Environmental disclosure
	Exhibit 6.1	  	Conduct of business prior to Closing
	Exhibit 6.3 (a)	  	Asset Sale and Transfer Agreement
	Exhibit 6.3 (c)/1	  	Agreements to be transferred
	Exhibit 6.3 (c)/2	  	Transfer and Assumption Agreements
	Exhibit 6.3 (d)	  	Intellectual Property Transfer Agreement
	Exhibit 6.3 (e)/1	  	Draft form of distribution resolution on cash
	Exhibit 6.3 (e)/2	  	Draft form of Closing Date distribution resolution on cash
	Exhibit 6.3 (f)	  	Illustration of carving out the Excluded Assets
	Exhibit 6.3 (g)	  	Resources to be made available by Company
	Exhibit 7.2	  	Persons relevant for Purchaser’s knowledge
	Exhibit 10.6 (b)	  	Arbitration rules of the ICC, Paris

  

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 Recitals 
  

	1.	Seller is the owner of 100 % of the issued share capital of Credence Systems GmbH, registered in the commercial register of Traunstein under HRB 14975 (hereinafter referred to
as “Company”). The Company has a registered share capital of EUR 25,000 with one share in the nominal amount of EUR 25,000 owned by Seller. The Company is active in the business of developing, manufacturing and distributing, as well
as providing service and maintenance for, test systems for electronic devices for automobiles as well as in the business of distributing test systems primarily for other electronic devices. The Guarantor is the ultimate parent company of the
Company. 

  

	2.	Seller and all entities (other than the Company) affiliated with Seller within the meaning of Section 15 of the German Stock Corporation Act (AktG) are referred to
herein as the “Seller’s Group”. Purchaser and all entities affiliated with Purchaser within the meaning of Section 15 of the German Stock Corporation Act (AktG) are referred to herein as the
“Purchaser’s Group”. 

  

	3.	Seller wishes to sell its shareholding in Company and Purchaser wishes to acquire such shareholding, provided that, prior to the consummation of such sale, certain assets and
liabilities primarily relating to the Company’s non-automotive business, which assets and liabilities are classified in Exhibit R3 (the “Non-Automotive Business”) will have been carved out from the Company (the
“Excluded Assets”), the Company’s business excluding the Non-Automotive Business hereinafter referred to as the “Automotive Business”, which Automotive Business predominantly relates to the products
“Falcon” and “Piranha”. 

 Therefore, Seller and Purchaser (hereinafter referred to as the “Parties”)
agree as follows: 
  

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 Section 1 
 Sale and Transfer of the Sold Shares 
  

	1.1	Agreement to Sell and Purchase 

 Upon the terms set
forth in this Agreement, Seller hereby sells to Purchaser, and Purchaser hereby purchases from Seller, the shares owned by Seller in Company, as set forth in paragraph 1 of the Recitals (the “Sold Shares”). 
  

	1.2	Transfer of the Sold Shares 

 Seller hereby assigns
to Purchaser the Sold Shares with effect as of the Closing Date (as defined in Section 3.1 below), and Purchaser accepts such assignment. The Sold Shares are assigned to Purchaser subject to the fulfillment (or, to the extent permissible, the
waiver) of the conditions precedent referred to in Section 3.2 and of the further condition precedent of the full payment of the Purchase Price by Purchaser to Seller on the Closing Date. The foregoing condition shall be deemed to be fulfilled
also upon the execution by the Parties of the certificate referred to in Section 3.4 (d). 
  

	1.3	Dividend Rights 

 The Sold Shares shall be sold and
transferred to Purchaser with all dividend rights pertaining thereto, including the right to receive all profits for the current fiscal year and the right to any accrued profits for all previous fiscal years, however, subject to the distribution
made pursuant to Section 6.3. 
 Section 2 
 Purchase Price; Payment; Net Working Capital Adjustment 
  

	2.1	Purchase Price 

 The purchase price for the Sold
Shares (the “Purchase Price”) shall be USD 5,000,000 (in words: United States Dollars five million). 
  

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	2.2	Payment on the Closing Date 

 On the Closing Date
Purchaser shall pay to Seller an amount equal to the Purchase Price. 
  

	2.3	Mode of Payment; No Set-Off 

  

	 	(a)	The payment to be made under this Section 2 shall be made in USD by irrevocable wire transfer of immediately available funds to the bank account of the Seller set forth in
Exhibit 2.3 (a). The payment shall be deemed to have been made upon the irrevocable and unconditional receipt of funds in the account of the Seller. 

  

	 	(b)	Purchaser shall not be entitled to exercise any right of set-off or retention right with respect to its payment obligation pursuant to this Section 2. 

 

	2.4	Net Working Capital 

 The Parties assume the
following: 
  

	 	(a)	The Net Working Capital of the Automotive Business on the Closing Date will be between Euros 6,000,000 and 9,000,000 (the “NWC Corridor”) which represents a band of
approximately plus/minus 20% around the amount of the Net Working Capital relating to the Automotive Business reflected in the balance sheet as of May 3, 2008 attached hereto as Exhibit 2.4 (the ““Pro-Forma May 3
Balance Sheet”). “Net Working Capital” for purposes of this Agreement shall mean, in each case referring to the line item in the Pro-Forma May 3 Balance Sheet, the net accounts receivable, plus inventories, less
accounts payable, as of the Closing Date, i.e. after the carve-out of the Non-Automotive Business has been consummated. A calculation of the Net Working Capital as of May 3, 2008 is incorporated in Exhibit 2.4 for illustration purposes;

  

	 	(b)	the cash as of the Closing Date will at least be equal to the amount of the paid deferred revenue as of the Closing Date (in each case referring to the line item in the Pro-Forma
May 3 Balance Sheet); any excess of the paid deferred revenue as of the Closing Date over the cash as of the Closing Date shall be the “Deferred Revenue Excess”. 

  

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	2.5	Determination of Net Working Capital and of the Deferred Revenue Excess on Closing Date 

 Seller shall deliver to Purchaser Seller’s good faith estimate of the Net Working Capital and
of the Deferred Revenue Excess (if any) no later than at the end – CET – of the 2nd Business Day prior to the Closing Date. If the Net
Working Capital as so presented by Seller is within the NWC Corridor, and there is no Deferred Revenue Excess, the Parties shall proceed with the Closing as provided for in Section 3. If the Net Working Capital as so presented by Seller is
outside of the NWC Corridor, or there is a Deferred Revenue Excess, the Parties shall discuss in good faith Seller’s determination of the Net Working Capital and the Deferred Revenue Excess and a possible Adjustment Payment as set forth and
defined in Section 2.11, by Seller or by Purchaser, as the case may be, resulting therefrom. If the Parties are unable to reach an agreement, an Adjustment Payment, if any, shall be made on the basis of the Seller’s good faith estimate. If
the Parties are able to reach an agreement on the Net Working Capital and a possible Adjustment Payment resulting therefrom, such Adjustment Payment, if any, shall become due and payable together with the Purchase Price. 
  

	2.6	Purchaser’s Audit Right 

 Purchaser shall have
the right to audit the Net Working Capital and the Deferred Revenue Excess as determined by Seller or as agreed by the Parties pursuant to Section 2.5, as the case may be, which right must be exercised by notifying Seller and Guarantor in
writing on or within 10 days after the Closing Date. If Purchaser exercises said right, the procedure set forth in Sections 2.7 through 2.11 shall apply. 
  

	2.7	Preparation of Closing Date Statement 

 As promptly
as practicable, but not later than 60 days after receipt of the notice referred to in Section 2.6 by Seller, Purchaser shall prepare, or cause to be prepared, and deliver to Seller a statement setting forth the individual line items of the Net
Working Capital and Purchaser’s calculation of the Net Working Capital and of the Deferred Revenue Excess, if any, as of the Closing Date (the “Closing Date Statement”). 
  

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	2.8	Accounting Principles 

 The Closing Date Statement
shall be prepared in accordance with the rules and principles used in preparation of the Pro-Forma May 3 Balance Sheet set out in Exhibit 2.8 (the “Accounting Principles”). Conversions of any amounts which are not
in US-Dollar shall be converted at the rate officially determined therefore by the European Central Bank, or failing such official rate, published in the Financial Times, for the Closing Date. 
  

	2.9	Review of Closing Date Statement 

  

	 	(a)	Upon delivery of the Closing Date Statement, Seller shall have the opportunity to review the Closing Date Statement during a period of 30 days after such delivery. If Seller
believes that the Closing Date Statement has not been prepared in accordance with the Accounting Principles or Purchaser’s calculation of any item or amount contained in the Closing Date Statement (as delivered by Purchaser pursuant to
Section 2.7) is not correct, Seller may, within such 30 day period, deliver a notice to Purchaser disagreeing with Purchaser’s calculation and setting forth Seller’s calculation of the relevant items or amounts. Any such notice of
disagreement shall specify, in reasonable detail, those items or amounts as to which Seller disagrees, and Seller shall be deemed to have agreed to all other items and amounts contained in the Closing Date Statement delivered by Purchaser pursuant
to Section 2.7. 

  

	 	(b)	Purchaser shall, upon Seller’s reasonable advance notice and during normal business hours, provide Seller and its representatives access to all relevant books and records of
the Company and allow them interviews with the Company’s managing directors and employees, to the extent reasonably necessary and practicable for the purpose of Seller’s review pursuant to Section 2.9 (a). 

  

	2.10	Dispute Resolution 

  

	 	(a)	 If Seller has duly delivered a notice of disagreement in accordance with Section 2.9 and the Parties are unable to reach an agreement within a period of 30
days following the delivery of such notice, either Party may refer the remaining differences to an internationally recognized firm of independent public accountants (the “Accounting Firm”). If the Parties cannot mutually agree upon
the Accounting Firm within two weeks after either Party has requested its appointment, the Accounting Firm shall be appointed, upon request of either Party, by the Institute 

  

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of Chartered Accountants (Institut der Wirtschaftsprüfer in Deutschland e.V.) in Düsseldorf (Germany). 

  

	 	(b)	Purchaser and Seller shall cooperate with and assist, and shall cause their respective accountants and Company to cooperate with and assist, the Accounting Firm in the conduct of
its review. Such cooperation and assistance shall include, without limitation, the making available to the Accounting Firm of all relevant books and records of the Company and any other information relating to the Company. 

 

	 	(c)	The Accounting Firm, acting as an expert (Schiedsgutachter) and not as an arbitrator, shall, based on the Accounting Principles, decide whether and to what extent the Closing
Date Statement requires adjustment. The Accounting Firm, in making its determination, shall only take into account any remaining differences submitted to it and shall limit its determination to the scope of the dispute between the Parties.

  

	 	(d)	The Parties shall instruct the Accounting Firm to deliver its written opinion (including reasons for the Accounting Firm’s decision on each disputed item) to them no later than
two months after the dispute has been referred to it (or within any other period of time mutually agreed). The decision of the Accounting Firm shall be conclusive and binding on the Parties (within the limits set forth in Section 319 of the
German Civil Code (BGB)) and shall not be subject to any appeal. The fees and disbursements of the Accounting Firm shall be shared between Seller and Purchaser in proportion to their respective success and defeat. 

  

	2.11	Settlement 

 The Net Working Capital and the
Deferred Revenue Excess (if any) shall be finally established by 
  

	 	(a)	Seller pursuant to Section 2.5; 

  

	 	(b)	agreement of the Parties pursuant to Section 2.5; 

  

	 	(c)	the Closing Date Statement delivered by Purchaser, if no notice of disagreement with respect thereto is (duly and within the relevant time period) delivered pursuant to
Section 2.9; or 

  

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	 	(d)	the Accounting Firm’s calculation delivered pursuant to Section 2.10. 

 On such basis, (i) if the Net Working Capital is outside the NWC Corridor (x) Seller shall pay to Purchaser such amount which falls short of the NWC Corridor and (y) Purchaser shall pay to Seller such
amount which exceeds the NWC Corridor, and (ii) the Seller shall pay to the Purchaser the amount of the Deferred Revenue Excess (if any), (the payments referred to in (i) and (ii) above each an “Adjustment Payment”)
and (iii) any Adjustment Payment made pursuant to Section 2.5 shall be accordingly adjusted, if necessary. For the avoidance of doubt, payments pursuant to this Section 2.11 shall be made in Euro. Neither Party shall be entitled to
exercise any right of set-off or retention right with respect to its payment obligation pursuant to this Section 2. 
 Section 3

 Closing 
  

	3.1	Place and Time of Closing 

 The consummation of the
transactions contemplated by this Agreement, as set forth in Section 3.4 below (the “Closing”), shall take place at the offices of Hengeler Mueller in Munich at 10 a.m. CET within five Business Days after which all the
conditions set forth in Section 3.2 below are met, or at any other place or time as the Parties may mutually agree upon. The date on which the Closing is completed is referred to herein as the “Closing Date”. 
  

	3.2	Conditions to Closing 

  

	 	(a)	The obligations of Purchaser and Seller to consummate the Closing are subject to the satisfaction of the following conditions precedent (aufschiebende Bedingun-gen):

  

	 	(i)	The Sold Shares may be transferred pursuant to Sections 35 et seq. of the German Act against Restraints of Competition (Gesetz gegen Wettbe-werbsbeschränkungen).

  

	 	(ii)	No enforceable judgment, injunction, order or other decision by any court or governmental authority shall have prohibited the consummation of the Closing. 

 

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	 	(b)	The obligation of Purchaser to consummate the Closing is subject to the satisfaction of the further conditions precedent that, on the date that would be the Closing Date pursuant to
Sections 3.1 and 3.2 (a), 

  

	 	(i)	the representations and warranties of Seller contained in Section 4 shall not be inaccurate and the covenants or other obligations of Seller shall not be breached in a manner
that would reasonably be expected to result in Losses (as defined in Section 7.1) in an aggregate amount in excess of USD 1,000,000; 

  

	 	(ii)	no Material Adverse Change shall have occurred. For the purpose of this Agreement, “Material Adverse Change” shall mean any event that occurs or becomes known to
Purchaser in the period between the date hereof and the Closing Date which has a material adverse effect on the assets, financial condition, results of operations, prospects or business operations of the Company, provided, however, that such
material adverse effect would reasonably be expected to result in Losses in an aggregate amount in excess of USD 1,000,000, excluding the following: 

  

	 	(A)	changes of the financial markets or of general economic conditions; 

  

	 	(B)	changes generally affecting any industry or market in which the Company operate, unless disproportionally affecting the business of the Company; 

  

	 	(C)	natural disasters, military actions, sabotage or terrorism which neither cause any material damage to the assets used by the Company nor materially and disproportionally (as
compared to other businesses operating in the relevant industry) disrupt the supply of raw materials to the Company; 

  

	 	(D)	disruptions to the Company’ business which are exclusively or primarily attributable to any breach of any of the terms of this Agreement by Purchaser 

 

	 	(iii)	the sale and transfer of the Excluded Assets by the Company provided for in Section 6.3 have been consummated. 

  

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	 	(c)	The obligation of all Parties to consummate the Closing is subject to the satisfaction of the further conditions precedent: 

  

	 	(i)	the Company’s work council shall have consented to the transactions provided for in this Agreement and to certain of the Excluded Assets being transferred to the newly
established company as provided for in no. 3 of the Recitals; 

  

	 	(ii)	The Company shall have received copies of all consents that are required to be received by the third parties listed in Exhibit 3.2 (c) (ii) in connection
with the consummation of the transactions provided for in this Agreement . 

  

	 	(d)	To the extent permitted by applicable law, the relevant Party whose obligations are subject to any condition to Closing may waive any such condition. All conditions to Closing shall
be deemed to be waived upon completion of the Closing, as set forth in Sections 3.1 and 3.4. 

  

	3.3	Merger Control Proceedings 

  

	 	(a)	The Parties agree and shall ensure that the filing necessary in connection with the merger control clearance referred to in Section 3.2 (a) (i) will be made without
undue delay after the date hereof. Unless otherwise agreed between the Parties, Purchaser shall (i) prepare and (to the extent legally permitted) make any filings, notifications and submissions under merger control laws with Seller joining
(“sich der Anmeldung anschließen”), unless excluded under such merger control laws, and (ii) subject to the third sentence of this paragraph, be responsible for the conduct of the merger control proceedings. Any filing,
submission or other action of any Party vis-à-vis any authority in connection with the merger control proceedings shall require the other Party’s prior written consent. The Parties shall inform each other of meetings, correspondence or
other communications from or to the relevant authorities and enable each other or their counsel to take part in discussions or negotiations. 

  

	 	(b)	 The Parties shall closely cooperate in the preparation of any filing, notification or submission in the merger control proceedings. Such cooperation shall include,
without limitation, the making available of all documents and information reasonably requested by Purchaser in connection therewith. Without prejudice to 

  

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subsection (a) above, Purchaser shall keep Seller promptly informed about the status of any merger control proceedings. 

  

	 	(c)	Purchaser shall be obliged to offer, or consent to, any obligations, conditions or commitments required by any merger control authority in connection with the clearance of the
transaction contemplated hereby, if and to the extent such obligations, conditions or commitments do not have a material effect on the economic benefits and burdens created by the transaction contemplated hereby for the Purchaser. Neither Party
shall be under any obligation to appeal a decision of any competent merger control authority prohibiting the Closing. 

  

	3.4	Actions on the Closing Date 

 On the Closing Date,
the Parties shall take, or cause to be taken, the following actions, which shall be taken simultaneously (Zug um Zug): 
  

	 	(a)	payment of the Purchase Price in accordance with Section 2.2 and 2.3; 

  

	 	(b)	delivery by Seller to Purchaser of a certificate of Seller, in the form attached as Exhibit 3.4 (b) (or any other form mutually agreed between the Parties),
certifying that the representations and warranties of Seller contained in this Agreement are still true and correct as of the Closing Date; 

  

	 	(c)	delivery by Seller to Purchaser of executed copies of the agreements referred to in Section 6.3; 

  

	 	(d)	execution by both Parties of a certificate acknowledging the occurrence of the Closing in accordance with the draft attached as Exhibit 3.4 (d).

 Section 4 
 Representations and Warranties of Seller 
 Seller hereby represents and warrants to Purchaser in the form of independent guarantees pursuant
to Section 311 of the German Civil Code (BGB) (any such guarantees, as contained in this Section 4, referred to herein as “Warranties”) that the statements set forth in this Section 4 are true and correct as of
the date hereof and will be true and correct as of the Closing Date. 
  

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 For the purpose of this Section 4 and any other Warranties contained in this Agreement, 
  

	(a)	the scope and content of each Warranty of Seller contained in this Agreement and Seller’s liability arising thereunder shall be exclusively defined by the provisions of this
Agreement (and shall, in particular, be subject to the limitations set forth in Section 7 below), which shall be an integral part of the Warranties of Seller, and no Warranty of Seller shall be construed as a seller’s guarantee
(Garantie für die Beschaffenheit oder Haltbarkeit der Sache) within the meaning of Sections 443 and 444 of the German Civil Code (BGB); 

  

	(b)	the Warranties contained in this Agreement shall, unless expressly otherwise referred to therein, apply regardless of any knowledge or fault of Seller
(verschuldensunabhängig); 

  

	(c)	each Warranty shall be construed independently and shall not be limited by another Warranty or any other provision of this Agreement; 

  

	(d)	disclosure in any Warranty or other provision of this Agreement or any Exhibit hereto shall be deemed to be a disclosure for the purpose of any other Warranty;

  

	(e)	the disclosure of any matter in any Exhibit hereto shall require a correct and complete description of all relevant facts that would otherwise constitute a breach of the relevant
Warranty; if a Warranty states that an agreement or other document has been delivered or otherwise been disclosed to Purchaser, such disclosure shall include any amendment, addendum, side letter or similar document relating thereto which is still in
effect; 

  

	(f)	“Seller’s Knowledge” shall mean the actual knowledge, as of the relevant date, of the Seller or of any managing director (Geschäftsführer) of
the Company or any knowledge any managing director should have had if he had not failed, due to gross negligence, to make due inquiry with respect to the relevant matter (grob-fahrlässige Unkenntnis); and 

  

	(g)	any reference to US-Dollar (USD) contained herein for the purpose of any disclosure thresholds or the like shall include the equivalent in any foreign currency officially determined
therefore by the European Central Bank, or failing such official rate, published in the Financial Times on the date hereof. 

  

	4.1	Organization and Authorization of Seller and Guarantor 

  

	 	(a)	Seller is a corporation duly incorporated and validly existing under the laws of England and Guarantor is a corporation duly incorporated and validly existing under the laws of
Delaware. 

  

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	 	(b)	The execution and performance by Seller and Guarantor of this Agreement are within Seller’s and Guarantor’s, respectively, corporate powers, do not violate the articles of
association or by-laws of Seller or Guarantor, respectively, and have been duly authorized by all necessary corporate or other action on the part of Seller and Guarantor. This Agreement has been duly executed by Seller and Guarantor. Assuming due
authorization and execution by Purchaser, this Agreement constitutes, a valid and binding agreement of Seller and Guarantor , enforceable against it in accordance with its terms. 

  

	 	(c)	Assuming compliance with any applicable requirements under merger control laws, the execution and performance of this Agreement by Seller and Guarantor require no approval or
consent by any governmental authority or other third party and do not violate any applicable law, decision by any court, arbitrator or governmental authority, agreement or obligation binding on Seller or Guarantor. 

  

	 	(d)	There is no lawsuit, investigation or proceeding pending or threatened against Seller before any court, arbitrator or governmental authority which in any manner challenges or seeks
to prevent, alter or delay, or may otherwise have an adverse effect on Seller’s ability to consummate, the transactions contemplated by this Agreement. 

  

	4.2	Due Incorporation and Organization 

  

	 	(a)	The Company is a limited liability company (GmbH), duly incorporated and validly existing under the laws of Germany and has all corporate powers to conduct its business as
currently conducted. 

  

	 	(b)	The Company does not hold any interest in any other company or other entity. 

  

	 	(c)	True and complete copies of the articles of association of the Company have been delivered to Purchaser prior to the date hereof. 

  

	 	(d)	Exhibit 4.2 (d) contains a true and correct copy, as of the date hereof, of the excerpts from the commercial register of the Company. As of the date hereof, no
registrations or applications for registration in such register are pending and there are no matters which are not registered therein, but with respect to which a registration would be required under applicable law. 

  

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	 	(e)	Exhibit 4.2 (e) contains and true and complete list of all powers of attorney issued by the Company, other than those which are shown in any registry excerpt
referred to in Section 4.2 (d) or which are limited to individual transactions in the ordinary course of business, consistent with past practice. 

  

	 	(f)	The Company is not a party to any agreement (Unternehmensvertrag) within the meaning of Sections 291, 292 of the German Stock Corporation Act (AktG), any agreement
under the laws of any other jurisdiction which would permit any third party to control the Company or obligate it to transfer its profits to any such third party, or any other agreement granting any such third party any rights in respect of
corporate governance or profits of the Company. 

  

	 	(g)	No bankruptcy, insolvency, liquidation or similar proceedings (whether mandatory or voluntary) are pending, and no filing for such proceedings has been made or is required, with
respect to the Company. The Company has not entered into any moratorium agreement or similar agreement with its creditors. The Company has not stopped or suspended payment of its debts, become unable to pay its debts or otherwise become insolvent in
any jurisdiction. No assets of the Company have been seized or confiscated by or on behalf of any third party nor are any foreclosure, forfeiture, execution or enforcement proceedings pending or threatened with respect to the Company or its assets.
To Seller’s Knowledge, there are no facts or events which may reasonably be expected to result in any proceedings or other events as referred to in this Section 4.2 (g). 

  

	 	(h)	The execution and performance of this Agreement will not (i) conflict with, result in a breach of, constitute a default under, result in the acceleration of, create in any
party the right to accelerate, terminate, modify, or cancel, or require any notice under, any agreement or other instrument to which the Company is a party or by which it is bound or (ii) result in the imposition of any lien or encumbrance upon
any asset of the Company or otherwise adversely affect the Company’s right to use any of the assets currently owned or used by it. 

  

	4.3	Ownership of Shares; Shareholdings 

  

	 	(a)	The Sold Shares are owned by Seller and are duly authorized and validly issued. Seller is the sole and unrestricted owner of the Sold Shares. 

  

	 	(b)	 The Sold Shares are free and clear of any liens, encumbrances, other rights of third parties or other defects of title (Rechtsmängel), and there are no
pre-emptive 

  

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rights, rights of first refusal, options, subscription rights or other rights (whether absolute or contingent) of any third party to purchase or acquire any
of the Sold Shares. The Seller is not, with respect to the Sold Shares, bound by any agreement (including voting trust agreements - Stimmbindungsverträge), restrictions or obligations relating to any rights under the Sold Shares. There
are no silent partnerships in respect of the Company and no third party owns any indirect participations (Unterbeteiligungen) in any Sold Shares. 

  

	 	(c)	The Sold Shares are fully paid and have not been repaid, neither in whole nor in part, and there is no shareholder obligation to make any additional payment or other contribution
with respect to any of the Sold Shares. 

  

	 	(d)	The Sold Shares represent all of the issued share capital of the Company and there are no other (including authorized or outstanding) shares of the Company. There are no securities
of the Company convertible into or exchangeable for shares of the Company. No Company has any obligation to issue any shares or securities convertible into or exchangeable for such shares, and no third party has any right (whether absolute or
contingent) to acquire any such shares or securities from the Company. There are no outstanding obligations of the Company to repurchase or otherwise acquire any shares of the Company. 

  

	4.4	Financial Statements 

  

	 	(a)	The annual accounts of the Company for the fiscal year ended October 31, 2007 (as audited by Ernst & Young, which has issued an unqualified auditor’s certificate
thereon) as attached hereto as Exhibit 4.4 (a) (the “Annual Financial Statements”) have been prepared in accordance with the provisions of the German Commercial Code (HGB) and generally accepted accounting
principles as applied in Germany, applied on a consistent basis (such consistency to include, for the purposes of this Section 4.4, the consistent use of any discretionary rights – Bilanzierungs- und Bewertungswahlrechte), and give
a true and fair view of the assets, financial condition and results of the operations of the Company as of, and with respect to the financial year ending on, October 31, 2007. 

  

	 	(b)	 There are no facts or circumstances (including subsequent events - wertaufhel-lende Tatsachen) known, or required to be known when applying due care, by the
management of the Company as of the date hereof which would, individually or in the aggregate, require a material change to the Annual Financial Statements, if 

  

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such facts or circumstances had been known at the time when such financial statements or reports were prepared. 

  

	 	(c)	Except as set forth in Exhibit 4.4 (c), the Company has no financial debt vis-à-vis any third party (including any entity of the Seller’s Group). To
Seller’s Knowledge, since October 31, 2007, no liability (whether actual or contingent) has been incurred or become known by the Company which would have to be shown or accrued for in any balance sheet, or to be disclosed in the notes to
any financial statements, of the Company prepared as of the date hereof, except for 

  

	 	(i)	liabilities which have been incurred since October 31, 2007, in the ordinary course of the Company’ business; or 

  

	 	(ii)	liabilities disclosed in this Agreement. 

  

	 	(d)	The financial statements referred to in Section 4.4 (a) do not reflect any acceleration of the collection of accounts receivable or delay in the payment of accounts
payable, as compared with the Company’s past practice. 

  

	 	(e)	All books and records (including accounting and tax records) of the Company have been properly kept in accordance with applicable law, are in the Company’s unrestricted
possession and accurately reflect all transactions that are required to be reflected therein pursuant to any applicable law and any applicable accounting principles. 

  

	4.5	Assets 

  

	 	(a)	The Company has valid title to, and is legal and beneficial owner of, all property and assets (whether real, personal, tangible or intangible) reflected in the financial statements
referred to in Section 4.4 (a) or acquired by it since the relevant balance sheet date, except for properties and assets disposed of since such balance sheet date in the ordinary course of the Company’s business.

  

	 	(b)	 The assets referred to in Section 4.5 (a) are not encumbered with, and the Company is not under any obligation to grant or create, any liens, pledges,
mortgages, charges or other security interests or encumbrances in favor of any third party, except for (i) retention of title rights in favor of suppliers, (ii) liens, pledges or similar security rights under statutory law in favor of
mechanics, workmen, carriers, landlords and the like, (iii) liens or pledges under the general terms and conditions 

  

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of banks or other financial institutions over cash and securities deposited with them, and (iv) the liens, pledges, other rights and encumbrances listed
in Exhibit 4.5 (b). There are no pre-emptive rights, rights of first refusal, options or other rights of any third party to purchase or acquire any real property or any other material assets owned by the Company or to request the
granting of any rights or encumbrances in such assets. 

  

	 	(c)	Exhibit 4.5 (c) contains a true and complete list of all real properties owned, leased or occupied by the Company (the “Properties”) and true and
complete copies of all excerpts from the land register of all Properties owned by the Company. As of the date hereof, such excerpts correctly reflect all facts required to be registered therein, no applications for registration are pending and there
are no facts which are not registered therein, but would require a registration. The Company has the right to use the Properties for the conduct of their businesses, as currently conducted, pursuant to all applicable planning, zoning or building
laws or, if applicable, a valid and enforceable lease and are in exclusive and undisturbed possession of the Properties. Each Property has unrestricted access to public roads, water supply, sewer facilities, electricity, gas, telephone and other
public utilities. The Company is not a party to any agreement providing for, or otherwise bound by, any covenant, restriction, burden or obligation adversely affecting the use of any Property by it (including zoning and building restrictions).

  

	 	(d)	To Seller’s Knowledge, the fixed tangible assets which are owned or used by the Company and are material for the Automotive Business as currently conducted by it have no
material defects, are in good operating condition and repair (except for ordinary wear and tear) and have been properly and regularly maintained in accordance with existing maintenance schedules, except as set forth in Exhibit 4.5 (d).
The production processes at the Company’s facilities are certified under ISO standards. 

  

	 	(e)	The inventories of the Company have been maintained in the ordinary course of business and are sufficient and adequate for the normal operation of their businesses in accordance
with past practice. To Seller’s Knowledge, such inventories are not obsolete and are free from any defects and saleable or usable in the ordinary course of business, consistent with past practice. All trade accounts receivable of the Company
arising since November 1, 2007 have arisen from sales or services made in the ordinary course of business, consistent with past practice. 

  

	 	(f)	 The Company has available, as owner or on the basis of valid lease, license or similar agreements, all assets (whether tangible or intangible, including information

  

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technology and know-how and any documentation relating thereto) and services (by employees or any third parties) which are required by it in order to
continue to conduct its Automotive Business (as currently conducted) in the ordinary course, consistent with past practice and are material for the conduct of their business, taken as a whole. Except as set forth in Exhibit 4.5
(f) the Company does not require any services or licenses from the Seller’s Group or otherwise in order to carry on its Automotive Business as currently conducted. 

  

	4.6	Intellectual Property Rights 

  

	 	(a)	Exhibit 4.6 (a) contains a true and complete list of all patents, trademarks, domain names and other intellectual property rights (a) which have been
registered, or filed for registration, on behalf of the Company or (b) which are owned by (the “Intellectual Property Rights”) or licensed to the Company, specifying as to each, as applicable: (i) the nature of such
Intellectual Property Right, (ii) the owner of such Intellectual Property Right, and (iii) with respect to registered Intellectual Property Rights, the jurisdictions in which such Intellectual Property Right has been registered or in which
an application for such issuance or registration has been filed, the product or service class (if applicable), the registration or application numbers and any applicable termination or expiration dates. 

  

	 	(b)	 The Company is the sole and unrestricted owner of, or has valid licenses to use, the Intellectual Property Rights, as indicated in Exhibit 4.6 (a),
and all Intellectual Property Rights are legally existing and enforceable. All registrable Intellectual Property Rights have been duly registered or filed for registration with the competent authority (as the case may be). The Company has paid all
registration or license fees when due and taken all other actions necessary to validly maintain any registrations and the enforceability of all Intellectual Property Rights, and are in compliance with all license conditions, as applicable, with
respect to any Intellectual Property Rights. Except as set forth in Exhibit 4.6 (b), the Company has the unrestricted right to use all Intellectual Property Rights for the conduct of the Automotive Business, as currently conducted, in
accordance with applicable law and any applicable license conditions and such right will not be restricted or adversely affected by the consummation of the transaction contemplated hereby. The Intellectual Property Rights registered in the name of
and/or owned by the Company are free and clear of any rights of third parties and the Company has not granted an exclusive or non-exclusive license with respect to any Intellectual Property Right to any third party. None of the Intellectual Property
Rights is subject to any outstanding judgment, injunction, order or decree issued against the 

  

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Company which restricts the use thereof by it and, as of the date hereof, no third party has challenged any Intellectual Property Right in writing or, to
Seller’s Knowledge, in any other manner towards the Company. 

  

	 	(c)	To Seller’s knowledge, the Company does not infringe any intellectual property rights of any third party. As of the date hereof, no third party has notified the Company in
writing or, to Seller’s Knowledge, in any other manner that the Company currently infringes, or has infringed in the past, any intellectual property right of a third party, except as set forth in Exhibit 4.6 (c). To Seller’s
Knowledge, none of the Intellectual Property Rights is currently being infringed, or has been infringed during a period of five years prior to the date hereof, by any third party. 

  

	 	(d)	The Company is entitled to all rights to any inventions made in the conduct of its Automotive Business. No (present or former) director, officer or employee of the Company has any
rights or claims against the Company with respect to any Intellectual Property Right, except for compensation claims under the German Act on Employee’s Inventions (Arbeitnehmererfindungsgesetz) or similar laws of other countries, as
listed in Exhibit 4.6 (d). 

  

	 	(e)	Except pursuant to the confidentiality agreements set forth in Exhibit 4.6. (e), no know-how, trade secret or other confidential information that are material to the
Automotive Business of the Company (collectively “Confidential Business Information”) has been made available by the Company to any third party . To Seller’s Knowledge, no Confidential Business Information has entered the
public domain and, except as set forth above, no third party otherwise uses or has available any Confidential Business Information. The Company has taken all actions required in accordance with standard industry practice to protect the secrecy,
confidentiality and value of the Confidential Business Information. None of the Company’s rights to any Confidential Business Information has been challenged in writing or, to Seller’s Knowledge, otherwise by any third party.

  

	 	(f)	Except as set forth in Exhibit 4.6 (f), the hardware, software and other information technology owned, licensed or used by the Company meet all requirements of the
Company’s business, as currently conducted, and, to Seller’s knowledge, are free from any defects that may materially affect their functionality. The Company has licensed from the respective owner all copies of any third party software
used by the Company. The Company operates appropriate data storage and disaster recovery plans as necessary to enable it to carry on the conduct of its business in the normal course in the event of any failure of its information technology.

  

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	 	(g)	After consummation of this Agreement, the Company will either own or hold a license for any intellectual property necessary for the Company to carry out the Automotive Business in
the same manner it had carried out such business prior to the Closing Date, it being understood that software licenses described in Exhibit 4.6 (g) are maintained under an umbrella agreement with Guarantor and will not be
available to the Company following the Closing Date. 

  

	4.7	Governmental Permits; Compliance with Laws; State Aids 

  

	 	(a)	The Company has all governmental, regulatory and other permits, licenses, authorizations and consents which are required by them under any applicable law in order to operate its
Automotive Businesses as currently conducted (the “Permits”). No Permit has been cancelled, revoked or restricted by any competent authority. No such authority or other third party has notified the Company that it will or may
cancel, revoke or restrict and Permit, nor, to Seller’s Knowledge, are there any other circumstances which may reasonably be expected to result in any such cancellation, revocation or restriction. 

  

	 	(b)	To Seller’s knowledge, the business of the Company is, and (to the extent any non-compliance in the past may still be relevant as of today or in the future) has been,
conducted, in all material respects, in compliance with all applicable laws (such term to include, for the purpose of this Agreement, any statutory or other laws, regulations orders and other binding rules relating to any matter whatsoever) in all
countries in which the Company operates and all Permits. As of the date hereof, the Company (i) has not received any pending notice of any failure to comply with such laws or Permits nor (ii) is, to Seller’s Knowledge, under
investigation with respect to any such failure. 

  

	 	(c)	The Company has not at any time received or applied for or could become liable for the repayment of any state aids or subsidies (including, for the avoidance of doubt, favourable
tax treatment). 

  

	4.8	Litigation, Disputes 

 Except as set forth in
Exhibit 4.8, as of the date hereof, 
  

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	 	(a)	the Company is not a party to, or otherwise involved in, any civil, criminal or administrative action, suit, investigation or other proceeding before any court, arbitrator or
governmental authority; 

  

	 	(b)	no proceeding as referred to in Section 4.8 (a) has been threatened or announced against the Company in writing or, to Seller’s Knowledge, in any other manner; and

  

	 	(c)	the Company is not subject to any judgment, order, decree or settlement that imposes any outstanding or ongoing obligation on the Company. 

  

	4.9	Employees 

  

	 	(a)	Exhibit 4.9 (a) contains a true and complete list, as of the date hereof, of all directors and officers of the Company and of all employees of the Company whose
annual salary (including any fixed minimum bonus, but excluding any variable or discretionary bonus and any benefits) is in excess of USD 50,000 (the “Key Employees”). True and complete copies of the employment agreements of all Key
Employees, as in effect as of the date hereof, including all amendments and side agreements, have been delivered to Purchaser prior to the date hereof. As of the date hereof, no notice of termination of any such employment agreement has been given,
and to Seller’s Knowledge, no Key Employee has expressed the intention to terminate his or her employment with the Company. 

  

	 	(b)	 Exhibit 4.9 (b) contains a description, true and correct in all material respects as of the date hereof, of (i) the number of employees of
the Company, employed at each of the locations where the Company operates, and split up between Automotive Business and Non-Automotive Business and (ii) the aggregate salary and other payments to directors, officers and employees per Company
for the periods from January 1 to December 31, 2007, and since January 1, 2008. A true and complete list, as of May 21, 2008, of all directors, officers and employees of the Company, not setting forth their names, but prepared on
an anonymous basis, including their functions, age, date of employment, annual base salaries, maximum amount of performance-related payments, agreed severance payments upon termination of employment and special status (such as parental leave,
disability, part-time) and of all free-lancers (freie Mitarbeiter) and temporary workers (Leihar-beitnehmer) has been delivered to Purchaser prior to the date hereof. To Seller’s knowledge, no free-lancer or consultant employed by
the Company at any time 

  

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prior to the Closing Date qualifies as an employee under any applicable law, and no temporary worker has a right to demand employment by the Company.

  

	 	(c)	Exhibit 4.9 (c) contains a true and complete list, as of the date hereof, of all collective bargaining agreements, agreements with unions or workers’
councils, social plans, and material standard practices (e.g. betriebliche Übungen, Gesamt-zusagen) by which the Company is bound. The Company is in full compliance with any such agreements, plans, schemes and practices.

  

	 	(d)	Exhibit 4.9 (d) sets forth all redundancy, work-sharing or short-time working schemes of the Company which are currently in effect or have been resolved or
implemented within a period of five years prior to the date hereof. The Company has no outstanding obligation or liability under such schemes. The Company is not bound by any restriction as to the closure, downsizing or other restructuring affecting
the workforce of any of its businesses (or portions thereof), except for any restrictions under mandatory law. 

  

	 	(e)	Except as set forth in Exhibit 4.9 (e), the Company is not experiencing, nor has experienced during a period of five years prior to the date hereof, and, to
Seller’s Knowledge, there is no basis to expect the Company to experience, any strike or lock-out, any dispute before any court, arbitrator or mediator or any other dispute relating to employment or labor matters of a general nature (including
with respect to lay-offs, restructurings, employee benefits, general working conditions, unfair labor practices or discrimination) or affecting a significant number of employees. 

  

	 	(f)	 Exhibit 4.9 (f) correctly sets forth all (i) pension commitments (including retirement, widows’, dependants’ and disability
pensions) and old-age part-time schemes and (ii) other employee benefit plans (whether funded or unfunded, on a defined benefit or defined contribution basis, or otherwise) relating to retirement, death, disability, medical benefits or
anniversary payments by which the Company is bound (including plans which have been terminated, but in respect of which the Company may still have any obligations or liabilities), other than (A) mandatory employer’s contributions to
statutory benefit schemes, (B) defined contribution schemes or (C) sick pay required under mandatory law. All the commitments, schemes and plans set forth, or required to be set forth, in Exhibit 4.9 (f) (the
“Benefit Plans”) are and have been established, amended and operated in accordance with their terms and applicable law. To Seller’s Knowledge, any adjustments of pensions under the Benefit Plans have been made to the maximum
extent permitted by applicable law. True and complete copies of any actuarial reports 

  

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relating to the Benefit Plans have been delivered to Purchaser prior to the date hereof. All relevant data supplied by the Company to the actuaries for the
purpose of preparing such reports are true and correct in all material respects as of the dates as of which such reports have been prepared. To Seller’s Knowledge, any pension or other obligations of the Company under the Benefit Plans have
been fully reflected in the Reference Financial Statements up to the maximum amount permitted under applicable law. All contributions to the pension security fund (Pensionssicherungsverein) (or similar funds or institutions under the laws of
any jurisdiction other than Germany) have been duly and timely paid. 

  

	 	(g)	Seller, in respect of any directors, officers or employees of the Company, has not implemented any stock option plans or profit participation plans, and is not and will not become
liable under, with regard to or to make for the loss of coverage under the stock options granted by the Guarantor to certain of its directors, officers and employees. Except as set forth in Exhibit 4.9 (g), (i) the Company has not
granted to any employee any termination period beyond the relevant period under applicable law, and (ii) the Company has not granted any loans to directors, officers or employees. 

  

	 	(h)	Except as set forth in Exhibit 4.9 (h), neither the Company nor Seller has granted or promised any compensation, severance or other payment or benefit to any (current
or former) managing director or employee of the Company in connection with the transaction contemplated hereby or any divestiture of the Company. Neither the execution of this Agreement nor the consummation of the transaction contemplated hereby
will result in, or accelerate, the payment or vesting of any benefit to any director, officer or employee. No employment terms of any employee of the Company have been varied (either by way of amendment or the exercise of any discretion) in
connection with or with a view to the transaction contemplated hereby or any divestiture of the Company. No member of the Seller’s Group has offered, or committed to offer, to employ (whether as an officer, employee or consultant) any Key
Employee or other employee of the Company at any time after the Closing Date. No employees have been relocated from the Seller’s Group to the Company, or from the Automotive Business to the Non-Automotive Business, or vice versa.

  

	4.10	Agreements 

  

	 	(a)	 Exhibit 4.10 (a) contains a true and complete list of all of the following agreements or arrangements, whether written or non-written, by which
the Company is 

  

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bound or under which it may still have any obligation or liability (the “Material Agreements”): 

  

	 	(1)	agreements relating to the acquisition, sale or encumbrance of any shareholding, business or real estate or of any other fixed asset, provided the consideration or value of such
other fixed asset exceeds USD 50,000; 

  

	 	(2)	joint venture, partnership, shareholder or cooperation agreements relating to the conduct of a material part of the business of the Company; 

  

	 	(3)	rental and lease agreements (i) which relate to real estate or (ii) which relate to other fixed assets and, individually, provide for annual payments of USD 20,000 or
more; 

  

	 	(4)	licence agreements (whether as licensor or licensee) regarding any intellectual property rights or know-how (other than licence agreements for standard application software, entered
into in the normal course of business); secrecy or confidentiality agreements relating to technical or other know-how; 

  

	 	(5)	loan agreements (including those relating to any intercompany debt towards a member of the Seller’s Group), bonds, notes or other agreements relating to financial debt
(including finance leases, sale and leaseback arrangements, asset backed financing or securitisation agreements); agreements which grant or create any lien, pledge or other security interest in any assets of the Company in respect of any such
financial debt; 

  

	 	(6)	agreements with distributors, sales agents and other resellers or sales representatives; 

  

	 	(7)	frame or master agreements with the ten major suppliers and customers of the Company (based on the aggregate consolidated sales in 2007) or with any other suppliers of any products
or materials which are material for the business of a Company and may not be replaced on the market on equivalent terms (the “Key Suppliers” or “Key Customers”); 

  

	 	(8)	agreements with governmental authorities (including anti-trust authorities) or any entities controlled by any governmental authority which relate to any regulatory matter or other
matter governed by public law; 

  

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	 	(9)	any long-term agreements (Dauerschuldverhältnisse) of any type other than as referred to above which provide for an annual consideration in excess of USD 20,000 and may
not be terminated by the Company on less than six months’ notice and without penalty. 

  

	 	(10)	agreements with (i) Seller or any other member of the Seller’s Group (including service agreements or arrangements relating to group charges, but except for normal orders
of supply in the ordinary course of the Company’s business and on arm’s length terms), (ii) any director or officer of the Seller’s Group or (iii) any person related (nahestehend) to an entity or person referred to in
(i) and (ii); 

  

	 	(11)	guarantees, letters of credit, indemnities or suretyships issued by the Company or agreements under which the Company provides a security interest in any of its assets, in each case
with respect to any indebtedness of a third party; subordination agreements (Rangrücktrittserklärungen); 

  

	 	(12)	agreements relating to forward transactions, futures, options, swaps or other derivatives or hedging arrangements; 

  

	 	(13)	agreements with consultants or advisors; 

  

	 	(14)	agreements including territorial restrictions in supplier or reseller agreements) that materially limit the freedom of a Company to compete in the Automotive Business or geographic
area or with any third party; 

  

	 	(15)	agreements entered into with any public entity (öffentlicher Auftraggeber) within the meaning of Section 98 of the German Act against Restraints of Competition (Gesetz
gegen Wettbewerbsbeschränkungen); 

  

	 	(16)	agreements which are material for the business of the Company and which may be terminated, modified or renegotiated by the other party, or provide for any other adverse consequence
for the Company (including the loss of any right or benefit), as a result of any change of control of the Company; 

  

	 	(17)	agreements entered into outside the ordinary course of a Company’s business. 

  

	 	(b)	 True and complete copies of all written Material Agreements and true and correct descriptions of the material terms of all non-written Material Agreements, as
presently 

  

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in effect, have been delivered to Purchaser prior to the date hereof. All Material Agreements have been validly entered into on behalf of the Company and are
in full force and effect and fully enforceable in accordance with their terms. Unless otherwise disclosed in Exhibit 4.10 (b), (i) no written notice of termination has been given, nor has any such termination been threatened or
announced, to a Company with respect to any Material Agreement and (ii) neither the Company nor, to Seller’s Knowledge, any third party to any Material Agreement is in default or breach under any such agreement.

  

	4.11	Insurance Coverage 

  

	 	(a)	Exhibit 4.11 contains a true and complete list of all insurance policies relating to the assets, business or operations of the Company (the “Insurance
Policies”), setting forth for each the insurer, insured party, policy number, insured risk and amount, applicable deductibles and annual premium. The insurance coverage of the Company is, and has been in the past, sufficient to comply with
the requirements of any applicable law and any agreement by which the Company is bound, and the coverage thereunder is, and has been, of the type and amounts to that which is customarily maintained by companies conducting businesses similar to those
of the Company. 

  

	 	(b)	To the extent indicated in Exhibit 4.11, true and complete copies of the Insurance Policies have been delivered to Purchaser prior to the date hereof. All Insurance
Policies are in full force and effect and no notice of cancellation or termination has been issued or received by the Company. The Company has duly paid all premiums and is in compliance with all other obligations under such insurance policies
(including all obligations relating to any notifications and other actions required for the insurance coverage). Except as set forth in Exhibit 4.11, no Insurance Policy will terminate or may be terminated or modified by the insurer,
or will result in a discontinuation of coverage of the Company as a result of the consummation of the transactions contemplated by this Agreement. Coverage under all Insurance Policies, as in effect as of the Closing Date, will continue, in the
event of their termination, with respect to events occurring prior to their termination. 

  

	 	(c)	As of the date hereof, no claims by the Company are pending under any of such policies. 

  

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	4.12	Product Liability and Warranty 

 Except as disclosed
in Exhibit 4.12, 
  

	 	(a)	no product liability claims and no product warranty claims have been asserted against the Company since January 1, 2003; 

  

	 	(b)	since January 1, 2003, the Company has not recalled, or received any order from any governmental authority or request from any other party to recall, any of the products
manufactured and delivered by it; 

  

	 	(c)	to Seller’s knowledge, the products manufactured or delivered by the Company prior to the Closing Date do not have any defects which will result, or may reasonably be expected
to result, in any claim as set forth in paragraph (a) or will require the Company to recall any of such products under applicable law, industry standards or prudent business practice. 

  

	4.13	Certain Transaction Related Fees and Expenses 

 The
Company has no obligation or liability to pay any fees or commissions or to reimburse any monies to any broker, finder, agent or other third party (including any member of the Seller’s Group) with respect to this Agreement or the transaction
contemplated hereby. 
  

	4.14	Conduct of Business since October 31, 2007 

 In
the period between October 31, 2007 and the date hereof, except as disclosed in Exhibit 4.14 and other than the sale and transfer of the Excluded Assets provided for in Section 6.3, the business of the Company has been
conducted with the due care of a prudent business person and in the ordinary course, in a manner consistent with past practice, and the Company has not taken, or committed to take, any of the following actions nor has any of the following events
occurred with respect to the Company: 
  

	 	(a)	any merger, spin-off or similar corporate reorganization; any other material restructuring of the business organization of the Company (whether or not requiring any corporate
action); 

  

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	 	(b)	any declaration or payment of dividends or any profit transfer to any member of the Seller’s Group; any repayment or redemption of any shares in the Company; any payment or
transfer to, or other transaction with, any member of the Seller’s Group (or any of the persons referred to in Section 4.10 (a) (10) not made on arm’s length terms; 

  

	 	(c)	any acquisition, encumbrance or divestiture of (i) a shareholding in any other entity or any business or (ii) any other fixed asset; 

  

	 	(d)	any incurrence by the Company of any indebtedness for borrowed money or any other financial debt in addition to any indebtedness shown in the Annual Financial Statements;

  

	 	(e)	any guarantee or the granting of any security interest (i) by the Company in respect of any indebtedness of any third party or (ii) by any third party (including any
member of the Seller’s Group) in respect of any indebtedness of the Company; 

  

	 	(f)	any investment in, or the making of any loan to, any other company or person; 

  

	 	(g)	any acceleration of the collection of accounts receivable or delay in the payment of accounts payable, as compared with past practice; any failure to maintain inventory on a normal
level, consistent with past practice; 

  

	 	(h)	any lay-off with respect to a significant part of the workforce of the Company; any action qualifying as a change of operations (Betriebsänderung) within the meaning of
Section 111 of the German Shop Constitution Act (Betriebsverfas-sungsgesetz) or other restructuring or action materially affecting the workforce which requires any consent by or consultation with any body of employee representatives;

  

	 	(i)	any change in, or commitment to change, any compensation or benefit or the terms of employment of any Key Employee or of a significant number of other employees, other than normal
salary increases or as a result of normal promotions in the ordinary course of business; any implementation of, or change in, any pension or other employee benefit plan; 

  

	 	(j)	any change in any method of accounting or accounting practice or policy, other than as required by a concurrent change of general accounting principles; 

  

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	 	(k)	any defection of, or material reduction of the business dealings with, any material supplier or customer of the Group; any notice by any of such suppliers or customers to the
Company (made in writing or to Seller’s Knowledge, in any other manner) that it intends to so terminate or reduce its business dealings with the Company; 

  

	 	(l)	any damage, destruction or other casualty loss (whether or not covered by insurance) which is in excess of USD 25,000 or which otherwise adversely affects, or may reasonably be
expected to adversely affect, the business operations of a Company, consistent with past practice; or 

  

	 	(m)	any Material Adverse Change. 

  

	4.15	Tax Matters 

  

	 	(a)	All tax returns required to be filed with any taxing authority by or on behalf of the Company have been prepared diligently and in good faith, are true and correct and have been
filed when due. 

  

	 	(b)	The Company has timely paid when due all taxes shown as payable by it on any valid and enforceable tax assessment notice issued by any taxing authority or on any tax return filed by
it with any taxing authority. 

  

	 	(c)	As of the date hereof, no tax audit, investigation, dispute or other proceeding is pending in respect of the Company and the Company has not been notified by any taxing authority
that such authority intends to commence any such proceeding. 

  

	 	(d)	The Company has not paid or become liable to pay, and, to Seller’s Knowledge, there are no circumstances by reason of which the Company is or might be likely to become liable
to pay penalty or surcharge. 

  

	 	(e)	To Seller’s Knowledge, the Company has no liability for the Taxes of any other party, whether as a transferee or successor, by contract or otherwise. 

 

	 	(f)	The Company is not a party to, or bound by, or has any obligation under, any tax allocation or tax sharing agreement or any similar contract or arrangement that obligates it to pay
or reimburse any tax or make any payment computed by reference to any tax, taxable income or taxable loss of any other party. 

  

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	 	(g)	The Company has not entered into any outstanding agreements, waivers or arrangements with any taxing authority. 

  

	 	(h)	Neither the Seller nor the Company has taken any measures or entered into any transaction which may be regarded as resulting in a constructive dividend (or comparable instrument in
any jurisdiction other than Germany) by the relevant taxing authorities, and all intercompany transactions between any member of the Seller’s Group and the Company have been entered into and performed on arm’s length terms and can
sufficiently be documented vis-à-vis tax authorities in order to be recognized by the tax authorities. 

  

	4.16	Environmental Matters 

  

	 	(a)	The following terms, as used in this Agreement, shall have the following meanings: 

 “Environmental Contamination” means any Hazardous Materials (as defined below), pollutants, contaminants or other substances that are existing in the soil, buildings or installations, groundwater or
surface water or air and are required to be cleaned up, contained or investigated or otherwise remedied or addressed by the Company pursuant to any Environmental Law (as defined below); 
 “Environmental Law” means any law or regulation or other legally binding rule imposing standards of conduct, technical standards or
liability with respect to, or otherwise relating to, any Environmental Matter, as in effect at the relevant time; 
 “Environmental
Matter” means any matter which relates to the use, handling, manufacturing or generation, distribution, collection, transportation, storage, disposal, clean-up or release of Hazardous Materials or waste, to health and safety or otherwise to
the protection of the environment; 
 “Environmental Permit” means any permit required under any Environmental Law.

 “Hazardous Materials” means dangerous substances and preparations as defined in Article 2 (2) of the European
Community Council Directive 67/548 EEC, as amended from time to time, and any other substances that are classified as dangerous or hazardous or are regulated in any manner under any applicable Environmental Law. 
  

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	 	(b)	Except as disclosed in Exhibit 4.16, 

  

	 	(i)	To Seller’s Knowledge, the Company has obtained all Environmental Permits required for its operations (as conducted from time to time) in accordance with all applicable
Environmental Laws and is, and during a period of five years prior to the date hereof has been, in compliance with the terms of such permits and with all other applicable Environmental Laws. 

  

	 	(ii)	The Company is not involved, and since 2003 has not been involved, in any action, suit, investigation or proceeding by or before any governmental authority or third party which
relates to any Environmental Matter for which the Company could be responsible or liable under any Environmental Law, and the Company has not received any claim or notice by any governmental authority or third party which alleges a violation of any
Environmental Law or Environmental Permit by the Company. 

  

	 	(iii)	No environmental audit or investigation has been conducted within the past five years by Seller, the Company or any third party of any property, building or facility owned or leased
by the Company; true and complete copies of all reports of any such environmental audits (as set forth in Exhibit 4.16) have been delivered to Purchaser prior to the date hereof. 

  

	 	(iv)	During a period of five years prior to the date hereof, no Company has used any property, building or facility for the storage or treatment of Hazardous Materials or disposed of any
property, building or facility used for such purpose. 

  

	 	(v)	To Seller’s Knowledge, the Properties and the buildings and facilities thereon are free from any Environmental Contamination. The Property owned by the Company in Amerang was,
prior to its occupation by the Company’s legal predecessor, undeveloped land not used for industrial, commercial or other purposes. 

  

	4.17	Disclosure 

  

	 	(a)	 To Seller’s Knowledge, none of the documents and other information delivered to Purchaser and its representatives prior to the date hereof in connection with
the transactions contemplated by this Agreement contains an untrue statement of a 

  

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material fact in respect of the Company or omits to state a material fact necessary to make any information therein not misleading.

  

	 	(b)	To Seller’s Knowledge, except as disclosed in this Agreement or disclosed to Purchaser or its representatives in writing prior to the date hereof, there are no facts or events
specifically relating to the Company or its Automotive Business (other than general market conditions or developments or changes of law or interpretations thereof) which may reasonably be expected to have a material adverse effect on the net worth,
financial position and results of operations or the future earnings or cash flows of the Company. 

 Section 5

 Representations and Warranties of Purchaser 
 Purchaser hereby represents and warrants to Seller in the form of independent guarantees pursuant to Section 311 of the German Civil Code (BGB) that the statement set forth in this Section 5 are true and correct as of the
date hereof and will be true and correct as of the Closing Date. 
  

	5.1	Existence and Authorization of Purchaser 

  

	 	(a)	Purchaser is a corporation duly incorporated, validly existing and in good standing under the laws of Germany (jurisdiction) and has all corporate powers required to carry on
its business as presently conducted. 

  

	 	(b)	The execution and performance by Purchaser of this Agreement are within Purchaser’s corporate powers, do not violate the articles of association or by-laws of Purchaser and
have been duly authorized by all necessary corporate actions on the part of Purchaser. This Agreement has been duly executed by Purchaser. Assuming due authorization and execution by Seller this Agreement constitutes a valid and binding agreement of
Purchaser, enforceable against it in accordance with its terms. 

  

	 	(c)	Assuming compliance with any applicable requirements under merger control laws, the execution and performance of this Agreement by Purchaser require no approval or consent by any
governmental authority or other third party and do not violate any applicable law or decision by any court or governmental authority, agreement or obligation binding on Purchaser. 

  

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	 	(d)	There is no lawsuit, investigation or proceeding pending against or threatened against Purchaser before any court, arbitrator or governmental authority which in any manner
challenges or seeks to prevent, alter or delay , or may otherwise have an adverse effect on Purchaser’s ability to consummate the transactions contemplated by this Agreement. 

  

	5.2	Financial Capability 

 Purchaser has readily
available funds to pay the Purchase Price. 
  

	5.3	Purchase for Investment 

 Purchaser is purchasing
the Sold Shares for investment for its own account and not with a view to any sale or distribution thereof. 
 Section 6

 Covenants 
  

	6.1	Conduct of Business Prior to Closing 

 From the date
hereof to the Closing Date, Seller shall ensure (steht dafür ein) that the Company’s Automotive Business will be conducted in the ordinary course, consistent with past practice and that, in particular, the Company will, except as
contemplated by this Agreement and except as set forth in Exhibit 6.1, 
  

	 	(a)	preserve its assets (other than Excluded Assets) with due care and maintain machines and other equipment in accordance with past practice and existing maintenance plans;

  

	 	(b)	use its best efforts to ensure continuity in the relationships with suppliers and customers and keep available the services of its directors, officers and employees;

  

	 	(c)	not take, or commit to take, any of the actions referred to in Section 4.14 (a)-(j); 

  

	 	(d)	not incur or guarantee any financial indebtedness; 

  

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	 	(e)	not enter into any Material Agreement of the kind set out in Section 4.10 (a) (1), (2), (4), (10), (14) and (17); and 

  

	 	(f)	not reduce or materially change the existing insurance coverage. 

  

	6.2	Access and Cooperation Prior to the Closing Date 

 With regard to the Automotive Business, in the period between the date hereof and the Closing Date, Seller shall, promptly notify Purchaser if Seller becomes aware of any matter which is likely to result in a Material Adverse Change or a
breach of a representation, warranty or covenant of Seller contained in this Agreement, subject to restrictions under applicable law, including but not limited to the prohibition to implement a concentration or to anticipate such implementation
prior to merger control clearance. 
  

	6.3	Carve-Out 

  

	 	(a)	Prior to or on the Closing Date, the Company and an entity to be established by the Guarantor shall enter into the Asset Sale and Transfer Agreement (the “Asset Sale and
Transfer Agreement”) attached hereto as Exhibit 6.3 (a) to sell and transfer the Non-Automotive Business as provided for in no. 3 of the Recitals. 

  

	 	(b)	Should the parties to the Asset Sale and Transfer Agreement and the parties to the Intellectual Property Transfer Agreement have failed to duly transfer the Excluded Assets to the
respective recipient, the Parties hereto shall be obliged to undertake whatever action is required and necessary to duly transfer the Excluded Assets as provided for in no. 3 of the Recitals. 

  

	 	(c)	 The Parties acknowledge that the agreements listed in Exhibit 6.3 (c)/1 partly or fully regarding the Automotive Business of the Company have been
entered into by entities of the Seller Group instead of the Company, and therefore need to be transferred, fully or partly, (as respectively indicated in Exhibit 6.3 (c)/1 to the Company. As of the Closing Date, the Seller shall
therefore procure that transfer and assumption agreements (“Transfer and Assumption Agreements”) in the form attached as Exhibit 6.3 (c)/2 are entered into between the Company and the relevant entities of the Seller
Group. If and insofar the transfer of partial transfer requires the consent of the other Party to such agreements, the Parties shall treat each other, in their relationship inter-se, as if such agreements had been validly transferred, as
further set out in Exhibit 6.3 (c)/2. The Seller shall procure that the 

  

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relevant entities of the Seller Group duly and timely fulfil their obligations under the Transfer and Assumption Agreements. 

  

	 	(d)	Prior to or on the Closing Date, the Guarantor and the Company shall enter into the “Intellectual Property Transfer Agreement” attached in
draft form as Exhibit 6.3 (d). 

  

	 	(e)	In connection with carving out the Excluded Assets as provided for in no. 3 of the Recitals, the Parties are in agreement that, after the date hereof but prior to the Closing Date,
Seller, in its capacity as the Company’s shareholder, will resolve by shareholders’ resolution attached hereto in draft form as Exhibit 6.3 (e)/1 a distribution (Ausschüttung) of all available cash and cash
equivalents (as this term is used in the Pro-Forma May 3 Balance Sheet). Furthermore, the Parties are in agreement that on the Closing Date Seller, in its capacity as the Company’s shareholder, will resolve by shareholders’ resolution
attached hereto in draft form as Exhibit 6.3 (e)/2 a distribution (Ausschüttung) of of all remaining cash and cash equivalents as of the Closing Date (except for any amounts necessary to be left in the Company so that there
is no Deferred Revenue Excess). To the extent that after the Closing Date any accounts receivable which were sold and transferred pursuant to the Asset Sale and Transfer Agreement are paid to the Company, the Purchaser shall procure that the Company
promptly forwards such payments to the recipient under the Asset Sale and Transfer Agreement, it being understood that the Company and Purchaser shall not be entitled to any set-off rights as to these payments. 

  

	 	(f)	Exhibit 6.3 (f) sets forth an illustration of carving out the Excluded Assets on a pro-forma basis for the month ended May 3, 2008, it being understood that
the precise manner for achieving the carve-out provided for in no. 3 of the Recitals may deviate from the manner reflected in Exhibit 6.3. (f). 

  

	 	(g)	Notwithstanding Section 6.3 (b), if, for whatsoever reason, the Sold Intellectual Property as defined in the Intellectual Property Transfer Agreement has not been duly and
completely transferred to Guarantor and its manufacturing partner (Plexus) on the Closing Date, Purchaser shall be obliged to cause the Company’s management to make available to Guarantor and its manufacturing partner at Company’s cost for
a time period of 1 month after the Closing Date, all tangible and intangible resources, including workforce, necessary and required to duly transfer such Sold Intellectual Property to Guarantor and its manufacturing partner, in particular the
resources set forth in Exhibit 6.3 (g). 

  

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	6.4	Use of Seller’s Marks 

 As soon as reasonably
practicable and in any event within six weeks after the Closing Date, Purchaser shall take, or cause to be taken, all actions required to change the corporate names, logos and Internet domain names of the Company so as to no longer contain the name
“Credence” (collectively, the “Seller’s Marks”) and remove from any letterhead, website or brochure any indication that the Company is still part of the Seller’s Group. Purchaser shall further use all reasonable
efforts to ensure that the Company will not (i) use any Seller’s Mark in any brochures or sales literature (other than in any description of the history of the Group or its products) or (ii) permit any reseller or sales agent to use
any Seller’s Mark (without prejudice to any contracts or commitments existing on the Closing Date); provided, however, that the Company and their resellers or agents shall be fully permitted to continue to use any brochures, sales literature or
letterhead containing any Seller’s Mark and to sell any products and packaging carrying any Seller’s Mark during a period of six weeks after the Closing Date; for the avoidance of doubt, the foregoing shall in no way limit the right of the
Company to provide service, spare parts and other maintenance regarding the installed product base and to in this context use the Seller’s Marks for reference. 
  

	6.5	Non-Solicitation 

 For a period of two years after
the Closing Date, Seller shall not, and shall cause the other entities of the Seller’s Group not to, neither directly nor indirectly, actively solicit for employment (abwerben) or hire any Key Employee, it being understood, however, that
Seller and any entity of the Seller’s Group shall be free to employ any Key Employee if the respective entity was approached by any such Key Employee. 
  

	6.6	Confidentiality 

 For a period of three years after
the Closing Date, and with respect to technical know-how for an unlimited period of time after the Closing Date, Seller shall keep confidential and not disclose to any third party any business or trade secrets of the Company, other than those which
have become publicly known through no fault of the Seller’s Group or which the Seller’s Group is required to disclose in order to comply with any legal requirements or stock exchange regulations, it being understood, however, that the
Seller and the entities of the Seller’s Group shall be permitted to continue their current practice to disclose information relating to the Non-Automotive Business, but also relating to the 

  

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Automotive Business, to customers provided that such customers are bound by customary confidentiality agreements. 
  

	6.7	Access to Information after Closing 

  

	 	(a)	After the Closing Date, Seller shall promptly afford to Purchaser, the Company and its representatives access to accounting, financial and other records or information relating to
the Company (and allow them to make copies thereof), which are available to the Seller’s Group; as relates to electronically stored data, the Seller shall provide to the Purchaser a copy of such files. 

  

	 	(b)	After the Closing Date, Purchaser shall promptly afford to Seller and its representatives access, upon reasonable advance notice, to accounting, financial and other records (and
allow them to make copies thereof), to the extent necessary to the Seller’s Group in connection with any financial statements for any period ending prior to or on the Closing Date or any audit, governmental investigation or litigation with any
third party pending prior to the Closing Date, or initiated thereafter but relating to time periods prior to the Closing Date. 

  

	 	(c)	Seller shall keep, and shall cause the other members of the Seller’s Group to keep, and Purchaser shall keep, and shall cause the Company to keep, all books and records
referred to in Sections 6.7 (a) and (b) in accordance with and during the periods required under applicable law. 

  

	6.8	Further Assurances; Cooperation 

 The Parties shall
execute, or cause to be executed, all agreements and documents and take, or cause to be taken, all other actions necessary under applicable laws and regulations to consummate the transactions contemplated by this Agreement. 
 Section 7 
 Indemnification by
Seller 
  

	7.1	Indemnification for Inaccuracy of Warranties 

 Subject to the provisions contained in this Section 7, Seller shall indemnify and hold harmless Purchaser and the Company from any Losses (as defined below) asserted 

  

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against, incurred or suffered by Purchaser or the Company as a result of any inaccuracy of any Warranty contained in Section 4 or of any breach of any
covenant or other obligation contained herein; provided that Purchaser may first request from Seller to remedy the inaccuracy within a reasonable time, in no event exceeding twelve weeks, after Seller has been notified of such breach pursuant to
Section 7.5 below (unless such remediation would not reasonably be possible). For the avoidance of doubt, such indemnification obligation shall apply irrespective of any fault or negligence of Seller (verschuldensunab-hängig). For
the purpose of this Agreement, “Losses” shall mean all liabilities, reasonable costs and expenses and other damages suffered by the Purchaser or the Company within the meaning of Sections 249 et seq. of the German Civil Code
(BGB), it being understood, however, that lost profits shall not be recoverable. 
  

	7.2	Disclosed Matters 

  

	 	(a)	Seller shall not be liable for the inaccuracy of a Warranty if Purchaser knows of the inaccuracy or fails to know due to gross negligence; provided that for the purpose of such
knowledge, only the knowledge of the persons set forth in Exhibit 7.2 shall be relevant. 

  

	 	(b)	Section 377 of the German Commercial Code (HGB) shall not apply. 

  

	7.3	Thresholds and Limitation of Liability 

  

	 	(a)	Seller shall only be liable for any Losses arising from a breach of a Warranty of Seller contained in Section 4 if (i) each individual Loss exceeds an amount of USD 25,000
and (ii) all Losses exceed an aggregate amount of USD 100,000 (in which cases the full amount shall be recoverable). 

  

	 	(b)	The entire liability of Seller and of any entity of Seller’s Group under this Agreement (except for Seller’s liability and Guarantor’s corresponding liability under
Sections 1, 2.11, 3, 6.1, 6.2, 6.3 (a), 6.3 (c), 6.5, 6.6, 6.7 and 6.8) and under the Intellectual Property Transfer Agreement shall be limited to an aggregate amount of 30 % of the Purchase Price. 

  

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	7.4	Limitation Periods 

  

	 	(a)	All claims of Purchaser under this Section 7 shall be time-barred (verjähren) upon expiration of a period of 18 months after the Closing Date, except for claims
under the Warranties of Seller contained in Section 4.3 (a) and (b) (ownership of Shares and absence of third-party rights in Shares), which shall be time-barred five years after the Closing Date. 

  

	 	(b)	Any claims of Purchaser under Section 4.15 shall be time-barred six months after the final and binding assessment (formell und materiell bestandskräftige
Fest-setzung / bestandskräftige Festsetzung nach Außenprüfung) of the relevant tax. 

  

	7.5	Indemnification Procedures 

  

	 	(a)	In the event of a breach of a Warranty of Seller contained in Section 4 which may result in Seller’s liability under this Agreement, Purchaser shall as soon as possible
but in no event later than ten days after Purchaser has become aware of the inaccuracy, notify Seller of such breach. 

  

	 	(b)	In the event that any action, claim, demand or proceeding with respect to which Purchaser may request indemnification pursuant to this Section 7 (a “Third Party
Claim”) is asserted or announced against the Company by any third party (including any governmental authority), Purchaser shall (i) grant Seller and its representatives, upon reasonable advance notice and during normal business hours,
access to all relevant correspondence with the third party and to all other documents and employees of the Company relevant for the defense of the claim, (ii) give Seller the opportunity to participate in all material meetings and conferences
with the third party, provided that any costs incurred by Seller in connection therewith shall be borne by Seller, and (iii) in no event acknowledge or settle, or permit the Company to acknowledge or settle, the Third Party Claim without
Seller’s prior written consent, which shall not be unreasonably withheld. 

  

	 	(c)	In addition, Seller shall have the sole power to direct and control the defense of the Third Party Claim at its own cost. Such power shall include, without limitation, the right to
appoint and instruct counsel and to request that the third party claim be litigated or settled in accordance with Seller’s instructions. In conducting such defense, Seller shall comply with any applicable law, consult with Purchaser on any
material action in connection with the defense and have due regard to the reasonable business interests of Purchaser. 

  

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	 	(d)	The failure of Purchaser to comply with any of its obligations under Section 7.5 (a) – (c) shall release Seller from its respective indemnification obligation
hereunder, to the extent that the Seller reasonably demonstrates that it has been prejudiced by such failure. 

  

	 	(e)	Section 254 of the German Civil Code (BGB) shall remain unaffected. 

  

	7.6	No Additional Rights or Remedies 

 Purchaser’s
rights arising out of or in connection with this Agreement shall be exclusively governed by the terms of this Agreement. To the extent permitted by law and except for any claims for fraud or wilful misconduct (Vorsatz), any statutory rights
(other than the primary obligation to fulfil (primärer Erfüllungsanspruch)) are hereby excluded. 
 Section 8 

 Termination 
  

	8.1	Termination Rights 

 This Agreement may be
terminated (Rücktritt) prior to the Closing by written notice to the respective other Party (to be given within one month after the termination right has arisen) as follows: 
  

	 	(a)	by Seller or Purchaser, if the approval of the German Federal Cartel Office (Section 3.2 (a) (i)) has been refused or if such approval has not been granted or, failing such
approval, the Sold Shares may not otherwise be transferred pursuant to Section 35 et seq. German Act against Restraints of Competition, by September 30, 2008; 

  

	 	(b)	by Seller or Purchaser if any competent governmental authority or court pursuant to Section 3.2 (a) (ii) has prohibited the Closing; 

  

	 	(c)	by Seller or Purchaser if the respective other Party fails to take any of the actions referred to in Section 3.4 on the Closing Date, subject to any applicable requirements as
to the withdrawal for default (Verzug) under applicable law. 

  

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	 	(d)	by Seller or Purchaser if the Closing did not occur on October, 15, 2008 at the latest, without this being a result of the terminating Party breaching its obligations under this
Agreement. 

  

	8.2	Effects of Termination 

 Upon notice of termination
in accordance with Section 8.1, all rights and obligations of the Parties hereunder shall terminate without any liability of any Party to the other Party. 
  

	8.3	Exclusion of Other Termination Rights 

 No Party
shall have any right to rescind or terminate this Agreement or exercise any right that would have the same effect, except for the termination rights set forth herein or pursuant to mandatory law, and any other termination rights under statutory law
are hereby expressly excluded. 
 Section 9 
 Guarantor’s Liability 
 The Guarantor shall ensure (steht dafür ein) that Seller complies with its
obligations under Section 7. 
 Section 10 
 Miscellaneous 
  

	10.1	Notices 

 All notices, requests and other
communications hereunder shall be made in writing in the English language and delivered by hand, by courier or by telefax or (to the extent agreed between the Parties in writing with respect to a certain matter) in electronic form (Section 127
(3) of the German Civil Code (BGB)) to the person and the address set forth below, or such other address as may be designated by the respective Party to the other Party in the same manner: 
  

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 To Seller and Guarantor: 
 Credence Systems Corporation 
 Credence Europa Limited 
 Chief Financial Officer 
 1421 California Circle 
 Milpitas, CA 95035 
 USA 
 Fax: +1 408 635 4989 
 To Purchaser: 
 Advantest (Europe) GmbH 
 Managing Director 
 Stefan-George-Ring 2 
 D-81929 Muenchen 
 Germany 
 Fax: +49-89-99312-108 
  

	10.2	Public Disclosure, Confidentiality 

 The Parties
shall make any press release or similar public announcement with respect to this Agreement only upon consultation with each other. Otherwise, each Party shall keep confidential and not disclose to any third party the contents of this Agreement and
any confidential information regarding the other Party disclosed to it in connection with this Agreement or its implementation, except as expressly agreed upon with the other Party and except as may be required in order to comply with the
requirements of any applicable laws or the rules and regulations of any stock exchange upon which any securities of the relevant Party or any of its parent companies are listed. 
  

	10.3	Costs and Expenses 

 Any notarial fees, the real
estate transfer tax and the fees of the merger control proceedings referred to in Section 3 payable in connection with the execution of this Agreement and the implementation of the transactions contemplated hereby shall be borne by Purchaser.
Each Party shall pay its own expenses, including the fees of its advisors, incurred in connection with this Agreement. 
  

 48 

 Final 
 13 June 2008 
  

	10.4	Entire Agreement 

 This Agreement (including all
Exhibits hereto) contains the entire agreement between the Parties with respect to the subject matter hereof and supersedes all prior agreements and understandings with respect thereto, except for the confidentiality agreement dated No-vember 28,
2007 (and amended in April 2008), which will remain in full force and effect until the Closing Date or, if this Agreement is terminated pursuant to Section 8, beyond the date of such termination. 
  

	10.5	Amendments and Waivers 

 Any provision of this
Agreement (including this Section 10.5) may be amended or waived only if such amendment or waiver is (i) by written instrument executed by all Parties and explicitly referring to this Agreement or (ii) by notarized deed, if required
by law. 
  

	10.6	Governing Law; Jurisdiction 

  

	 	(a)	This Agreement shall be governed by, and construed in accordance with, the laws of Germany (excluding conflict of laws rules). 

  

	 	(b)	Any dispute arising out of or relating to this Agreement, or the validity thereof, shall be exclusively settled under exclusion of any state court’s competence (except for
proceedings for temporary or interlocutory relief) by arbitration in accordance with the arbitration rules of the ICC, Paris, as attached hereto as Exhibit 10.6 (b). The arbitral tribunal shall consist of three arbitrators. The third
arbitrator (chairman of the Arbitral Tribunal) shall be appointed by the arbitrators nominated by Seller (including Guarantor) (who shall have the right to nominate one arbitrator) and Purchaser (who shall have the right to nominate one arbitrator)
within six weeks after the nomination of the second arbitrator has been confirmed by the International Court of Arbitration. The chairman shall be eligible for the office of a judge in Germany. The place of arbitration shall be Munich. The language
to be used in the arbitration proceedings shall be English. If and to the extent said rules do not provide procedural regulation, the statutory provisions of the ZPO (German Code of Civil Procedure) shall apply. 

  

 49 

 Final 
 13 June 2008 
  

	10.7	Interpretation 

  

	 	(a)	The Exhibits to this Agreement are an integral part of this Agreement, and any reference to this Agreement includes this Agreement and the Exhibits as a whole.

  

	 	(b)	The headings of the sections and subsections in this Agreement are for convenience purposes only and shall not affect the interpretation of any of the provisions hereof.

  

	 	(c)	Terms to which a German translation has been added shall be interpreted as having the meaning assigned to them by the German translation. 

  

	 	(d)	Words such as “hereof”, “herein” or “hereunder” refer (unless otherwise required by the context) to this Agreement as a whole and not to a specific
provision of this Agreement. The term “including” shall mean “including, without limitation”. 

  

	 	(e)	Any reference to “applicable law” or “applicable laws” contained in this Agreement shall include any statute, code, regulation, directive, ordinance, binding
guideline or other legally binding general rule or decree (anwendbares Recht), applicable in any jurisdiction and relating to any matter whatsoever. 

  

	 	(f)	For the purpose of this Agreement, a “Business Day” shall be any day other than a Saturday, Sunday or other day on which banks in Munich, Germany, are generally
closed. 

  

	 	(g)	Where, as to past circumstances or action, the “Company” is referred to, this shall, for the avoidance of doubt, also include the entities which have been merged into the
Company. 

  

	10.8	Severability 

 Should any provision of this
Agreement, or any provision incorporated into this Agreement in the future, be or become invalid or unenforceable, the validity or enforceability of the other provisions of this Agreement shall not be affected thereby. The invalid or unenforceable
provision shall be deemed to be substituted by a suitable and equitable provision which, to the extent legally permissible, comes as close as possible to the intent and purpose of the invalid or unenforceable provision. The same shall apply:
(i) if the Parties have, unintentionally, failed to address a certain matter in this Agreement (Rege-lungslücke); in this case a suitable and equitable provision shall be deemed to have been 

  

 50 

 Final 
 13 June 2008 
  

 
agreed upon which comes as close as possible to what the Parties, in the light of the intent and purpose of this Agreement, would have agreed upon if they
had considered the matter; or (ii) if any provision of this Agreement is invalid because of the scope of any time period or performance stipulated herein; in this case a legally permissible time period or performance shall be deemed to have
been agreed which comes as close as possible to the stipulated time period or performance. 
  

	10.9	Definitions 

 This Section 10.9 sets forth a
list of the capitalized terms used in this Agreement, indicating the sections or pages where such terms are defined. Terms defined in the singular have a comparable meaning when used in the plural, and vice versa. 
  

			
	Accounting Firm	  	Section 2.10 (a)
	Accounting Principles	  	Section 2.8
	Adjustment Payment	  	Section 2.11
	Annual Financial Statement	  	Section 4.4
	Agreement	  	Page 1
	Asset Sale and Transfer Agreement	  	Section 6.3 (a)
	Automotive Business	  	Recitals, paragraph 3
	Benefit Plans	  	Section 4.9 (f)
	Business Day	  	Section 10.7 (f)
	Closing	  	Section 3.1
	Closing Date	  	Section 3.1
	Closing Date Statement	  	Section 2.7
	Company	  	Recitals, paragraph 1
	Confidential Business Information	  	Section 4.6 (e)
	Deferred Revenue Excess	  	Section 2.4 (b)
	Environmental Contamination	  	Section 4.16 (a)
	Environmental Law	  	Section 4.16 (a)
	Environmental Matter	  	Section 4.16 (a)
	Environmental Permit	  	Section 4.16 (a)
	Excluded Assets	  	Recitals, paragraph 3
	Guarantor	  	Page 1
	Hazardous Materials	  	Section 4.16 (a)
	Insurance Policies	  	Section 4.11 (a)
	Intellectual Property Rights	  	Section 4.6 (a)
	Intellectual Property Transfer Agreement	  	Section 6.3 (c)
	Key Employees	  	Section 4.9 (a)

  

 51 

 Final 
 13 June 2008 
  

			
	Key Customers	  	Section 4.10 (a) (7)
	Key Suppliers	  	Section 4.10 (a) (7)
	Losses	  	Section 7.1
	Material Adverse Change	  	Section 3.2 (b) (ii)
	Material Agreements	  	Section 4.10 (a)
	Net Working Capital	  	Section 2.4 (a)
	NWC Corridor	  	Section 2.4 (a)
	Non-Automotive Business	  	Recitals, paragraph 3
	Parties	  	Recitals
	Permits	  	Section 4.7 (a)
	Pro-Forma May 3 Balance Sheet	  	Section 2.4 (a)
	Properties	  	Section 4.5 (c)
	Purchase Price	  	Section 2.1
	Purchaser	  	Page 1
	Purchaser’s Group	  	Recitals, paragraph 2
	Seller	  	Page 1
	Seller’s Group	  	Recitals, paragraph 2
	Seller’s Knowledge	  	Section 4 (f)
	Seller’s Marks	  	Section 6.4
	Sold Shares	  	Section 1.1
	Third Party Claim	  	Section 7.5 (b)
	Transfer and Assumption Agreements	  	Section 6.3 (c)
	Warranties	  	Section 4

  

 52Revolving Credit Agreement

 Exhibit 10.80 
 REVOLVING CREDIT AGREEMENT 
 dated as of June 13, 2008 
 among 
 EXACTECH, INC.,

 as Borrower 
 THE
LENDERS FROM TIME TO TIME PARTY HERETO 
 and 
 SUNTRUST BANK 
 as Administrative Agent 

 TABLE OF CONTENTS 
  

					
	 	 	 	  	Page
	ARTICLE I DEFINITIONS; CONSTRUCTION	  	1
	            Section 1.1.	 	Definitions	  	1
	            Section 1.2.	 	Classifications of Loans and Borrowings	  	16
	            Section 1.3.	 	Accounting Terms and Determination	  	17
	            Section 1.4.	 	Terms Generally	  	17
		
	ARTICLE II AMOUNT AND TERMS OF THE COMMITMENTS	  	17
	            Section 2.1.	 	General Description of Facilities	  	17
	            Section 2.2.	 	Revolving Loans	  	17
	            Section 2.3.	 	Procedure for Revolving Borrowings	  	18
	            Section 2.4.	 	Swingline Commitment	  	18
	            Section 2.5.	 	Procedure for Swingline Borrowing; Etc	  	18
	            Section 2.6.	 	Competitive Bid Borrowings	  	19
	            Section 2.7.	 	Term Loan Commitments	  	19
	            Section 2.8.	 	Funding of Borrowings	  	20
	            Section 2.9.	 	Interest Elections	  	20
	            Section 2.10.	 	Optional Reduction and Termination of Commitments	  	20
	            Section 2.11.	 	Repayment of Loans	  	21
	            Section 2.12.	 	Evidence of Indebtedness	  	21
	            Section 2.13.	 	Optional Prepayments	  	21
	            Section 2.14.	 	Interest on Loans	  	22
	            Section 2.15.	 	Fees	  	22
	            Section 2.16.	 	Computation of Interest and Fees	  	23
	            Section 2.17.	 	Inability to Determine Interest Rates	  	23
	            Section 2.18.	 	Illegality	  	23
	            Section 2.19.	 	Increased Costs	  	23
	            Section 2.20.	 	Funding Indemnity	  	24
	            Section 2.21.	 	Taxes	  	25
	            Section 2.22.	 	Payments Generally; Pro Rata Treatment; Sharing of Set-offs	  	26
	            Section 2.23.	 	Mitigation of Obligations; Replacement of Lenders	  	27
		
	ARTICLE III CONDITIONS PRECEDENT TO LOANS	  	28
	            Section 3.1.	 	Conditions To Effectiveness	  	28
	            Section 3.2.	 	Each Credit Event	  	29
	            Section 3.3.	 	Delivery of Documents	  	29
		
	ARTICLE IV REPRESENTATIONS AND WARRANTIES	  	30
	            Section 4.1.	 	Existence; Power	  	30
	            Section 4.2.	 	Organizational Power; Authorization	  	30
	            Section 4.3.	 	Governmental Approvals; No Conflicts	  	30
	            Section 4.4.	 	Financial Statements	  	30
	            Section 4.5.	 	Litigation and Environmental Matters	  	31
	            Section 4.6.	 	Compliance with Laws and Agreements	  	31
	            Section 4.7.	 	Investment Company Act, Etc	  	31
	            Section 4.8.	 	Taxes	  	31
	            Section 4.9.	 	Margin Regulations	  	32
	            Section 4.10.	 	ERISA	  	32
	            Section 4.11.	 	Ownership of Property	  	32
	            Section 4.12.	 	Disclosure	  	32
	            Section 4.13.	 	Labor Relations	  	33
	            Section 4.14.	 	Subsidiaries	  	33

  

 i 

					
	            Section 4.15.   Insolvency. After giving effect to the execution and delivery of
the Loan Documents, the making of the Loans under this Agreement, neither the Borrower nor its Subsidiaries will be “insolvent,” within the meaning of such term as defined in § 101 of Title 11 of the United States Code, as amended
from time to time, or be unable to pay its debts generally as such debts become due, or have an unreasonably small capital to engage in any business or transaction, whether current or contemplated.	  	33
	            Section 4.16.	 	[INTENTIONALLY DELETED]	  	33
	            Section 4.17.   OFAC. No Loan Party (i) is a person whose property or interest
in property is blocked or subject to blocking pursuant to Section 1 of Executive Order 13224 of September 23, 2001 Blocking Property and Prohibiting Transactions With Persons Who Commit, Threaten to Commit, or Support Terrorism (66 Fed.
Reg. 49079 (2001)), (ii) engages in any dealings or transactions prohibited by Section 2 of such executive order, or is otherwise associated with any such person in any manner violative of Section 2, or (iii) is a person on the
list of Specially Designated Nationals and Blocked Persons or subject to the limitations or prohibitions under any other U.S. Department of Treasury’s Office of Foreign Assets Control regulation or executive order.	  	33
	            Section 4.18.   Patriot Act. Each Loan Party is in compliance, in all material
respects, with (i) the Trading with the Enemy Act, as amended, and each of the foreign assets control regulations of the United States Treasury Department (31 CFR, Subtitle B, Chapter V, as amended) and any other enabling legislation or
executive order relating thereto, and (ii) the Uniting And Strengthening America By Providing Appropriate Tools Required To Intercept And Obstruct Terrorism (USA Patriot Act of 2001). No part of the proceeds of the Loans will be used, directly
or indirectly, for any payments to any governmental official or employee, political party, official of a political party, candidate for political office, or anyone else acting in an official capacity, in order to obtain, retain or direct business or
obtain any improper advantage, in violation of the United States Foreign Corrupt Practices Act of 1977, as amended.	  	33
		
	ARTICLE V AFFIRMATIVE COVENANTS	  	34
	            Section 5.1.	 	Financial Statements and Other Information	  	34
	            Section 5.2.	 	Notices of Material Events	  	35
	            Section 5.3.	 	Existence; Conduct of Business	  	35
	            Section 5.4.	 	Compliance with Laws, Etc	  	36
	            Section 5.5.	 	Payment of Obligations	  	36
	            Section 5.6.	 	Books and Records	  	36
	            Section 5.7.	 	Visitation, Inspection, Etc	  	36
	            Section 5.8.	 	Maintenance of Properties; Insurance	  	36
	            Section 5.9.	 	Use of Proceeds	  	36
	            Section 5.10.	 	Interest Rate Protection	  	37
	            Section 5.11.	 	Additional Subsidiaries	  	37
	            Section 5.12.   Further Assurances. The Borrower will, and will cause each of its
Subsidiaries to, execute any and all further documents, financing statements, agreements and instruments, and take all further action (including filing Uniform Commercial Code and other financing statements, and preparing all documentation relating
to filings under the Assignment of Claims Act) that may be required under applicable law, or that the Required Lenders or the Administrative Agent may reasonably request, in order to effectuate the transactions contemplated by the Loan Documents and
in order to grant, preserve, protect and perfect the validity and first priority of the security interests created or intended to be created by the Security Documents; provided, however, that notwithstanding anything else to the contrary in the Loan
Documents, none of the Loan Parties shall be required to make filings under the Assignment of Claims Act for the assignment of Government Contracts to the Administrative Agent unless (a) such Government Contract constitutes a Material Contract
and (b) the Administrative Agent shall have requested, in its reasonable discretion, that a filing under the Assignment of Claims Act be made with respect to such Government Contract. The Borrower will cause any subsequently acquired or
organized Subsidiary (except a Foreign Subsidiary) to become a Loan Party by executing the Security Agreement and each applicable Security Document in favor of the Administrative Agent. In addition, from time to time, the Borrower will, at its cost
and expense, promptly secure the Obligations by pledging or creating, or causing to be pledged or created, perfected security interests with respect to such of its assets and properties as the Administrative Agent or the Required Lenders shall
designate (it being understood that it is the intent of the parties that the Obligations shall be secured by substantially all the assets of the Borrower and its Subsidiaries (including properties acquired subsequent to the Closing Date)). Such
security interests and Liens will be created under the Security Documents and other security agreements, and other instruments and documents in form and substance reasonably satisfactory to the Administrative Agent, and the Borrower shall deliver or
cause to be delivered to the Lenders all such instruments and documents (including legal opinions, title	  	

  

 ii 

					
	insurance policies and lien searches) as the Administrative Agent shall reasonably request to evidence compliance with this Section 5.12. The Borrower agrees to provide such
evidence as the Administrative Agent shall reasonably request as to the perfection and priority status of each such security interest and Lien.	  	37
	            Section 5.13.    Primary Operating Account. The Borrower will, and will cause
each Loan Party to, maintain its primary operating deposit accounts with the Administrative Agent.	  	38
	            Section 5.14.    Security Documents. The Security Agreement, upon execution
and delivery thereof by the parties thereto, will create in favor of the Administrative Agent, for the ratable benefit of the Lenders, a legal, valid and enforceable security interest in the Collateral (as defined in the Security Agreement) and the
proceeds thereof, in which a security interest may be perfected under the Florida Uniform Commercial Code as in effect at the relevant time by filing of financing statements or obtaining control or possession, and the Lien created under the Security
Agreement is (or will be, upon the filing of appropriate financing statements, the execution of appropriate control agreements and delivery of certificated securities and instruments to the Administrative Agent) a fully perfected Lien on, and
security interest in, all right, title and interest of the Loan Parties in such Collateral), in each case prior and superior in right to any other person, other than with respect to Liens permitted by Section 7.2. Notwithstanding anything
stated herein to the contrary, absent mutual agreement between the Borrower, the Administrative Agent and the Required Lenders (to the extent applicable), in no event shall Borrower or any Subsidiary be required to grant a mortgage with respect to
any real property owned by Borrower or any Subsidiary.	  	38
		
	ARTICLE VI FINANCIAL COVENANTS	  	38
	            Section 6.1.	 	Leverage Ratio	  	38
	            Section 6.2.	 	Fixed Charge Coverage Ratio	  	39
		
	ARTICLE VII NEGATIVE COVENANTS	  	39
	            Section 7.1.	 	Indebtedness	  	39
	            Section 7.2.	 	Negative Pledge	  	40
	            Section 7.3.	 	Fundamental Changes	  	41
	            Section 7.4.	 	Investments, Loans, Etc	  	41
	            Section 7.5.	 	Restricted Payments	  	42
	            Section 7.6.	 	Sale of Assets	  	42
	            Section 7.7.	 	Transactions with Affiliates	  	42
	            Section 7.8.	 	Restrictive Agreements	  	43
	            Section 7.9.	 	Sale and Leaseback Transactions	  	43
	            Section 7.10.	 	Hedging Agreements	  	43
	            Section 7.11.	 	Amendment to Material Documents	  	43
	            Section 7.12.	 	Accounting Changes	  	43
		
	ARTICLE VIII EVENTS OF DEFAULT	  	43
	            Section 8.1.	 	Events of Default	  	43
		
	ARTICLE IX THE ADMINISTRATIVE AGENT	  	46
	            Section 9.1.	 	Appointment of Administrative Agent	  	46
	            Section 9.2.	 	Nature of Duties of Administrative Agent	  	46
	            Section 9.3.	 	Lack of Reliance on the Administrative Agent	  	47
	            Section 9.4.	 	Certain Rights of the Administrative Agent	  	47
	            Section 9.5.	 	Reliance by Administrative Agent	  	47
	            Section 9.6.	 	The Administrative Agent in its Individual Capacity	  	47
	            Section 9.7.	 	Successor Administrative Agent	  	48
	            Section 9.8.	 	Authorization to Execute other Loan Documents; Collateral	  	48
	            Section 9.9.     Benefits of Article 9. None of the provisions of this
Article 9 shall inure to the benefit of the Borrower or of any Person other than Administrative Agent and each of the Lenders and their respective successors and permitted assigns. Accordingly, neither the Borrower nor any Person other than
Administrative Agent and the Lenders (and their respective successors and permitted assigns) shall be entitled to rely upon, or to raise as a defense, the failure of the Administrative Agent or any Lenders to comply with the provisions of this
Article 9.	  	49

  

 iii 

					
	ARTICLE X MISCELLANEOUS	  	49
	            Section 10.1.	 	Notices	  	49
	            Section 10.2.	 	Waiver; Amendments	  	51
	            Section 10.3.	 	Expenses; Indemnification	  	52
	            Section 10.4.	 	Successors and Assigns	  	53
	            Section 10.5.	 	Governing Law; Jurisdiction; Consent to Service of Process	  	55
	            Section 10.6.	 	WAIVER OF JURY TRIAL	  	55
	            Section 10.7.	 	Right of Setoff	  	56
	            Section 10.8.	 	Counterparts; Integration	  	56
	            Section 10.9.	 	Survival	  	56
	            Section 10.10.	 	Severability	  	57
	            Section 10.11.	 	Confidentiality	  	57
	            Section 10.12.	 	Interest Rate Limitation	  	57
	            Section 10.13.  Patriot Act. The Administrative Agent and each Lender hereby notifies the
Loan Parties that pursuant to the requirements of the USA PATRIOT Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001)) (the “Patriot Act”), it is required to obtain, verify and record information that identifies each Loan
Party, which information includes the name and address of such Loan Party and other information that will allow such Lender or the Administrative Agent, as applicable, to identify such Loan Party in accordance with the Patriot Act. Each Loan Party
shall, and shall cause each of its Subsidiaries to, provide to the extent commercially reasonable, such information and take such other 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	  	57

  

					
	Schedules	  		  	
			
	             Schedule I
	  	-	  	Applicable Margin and Applicable Percentage
	             Schedule 4.5
	  	-	  	Intentionally Deleted
	             Schedule 4.14
	  	-	  	Subsidiaries
	             Schedule 7.1
	  	-	  	Outstanding Indebtedness
	             Schedule 7.2
	  	-	  	Existing Liens
	             Schedule 7.4
	  	-	  	Existing Investments
	             Schedule I-F
	  	-	  	To the Subsidiary Guaranty Agreement
	             Schedule I-G
	  	-	  	To the Indemnity, Subrogation and Contribution Agreement
	             Schedule I-G-
	  	-	  	To Supplement No.         to the Indemnity, Subrogation and Contribution Agreement
	             Annex I-F
	  	-	  	To the Subsidiary Guaranty Agreement
	             Annex I-G
	  	-	  	To the Indemnity, Subrogation and Contribution Agreement
			
	Exhibits	  		  	
			
	             Exhibit A
	  	-	  	Revolving Credit Note
	             Exhibit B
	  	-	  	Intentionally Deleted
	             Exhibit C
	  	-	  	Intentionally Deleted
	             Exhibit D
	  	-	  	Swingline Note
	             Exhibit E
	  	-	  	Form of Assignment and Acceptance
	             Exhibit F
	  	-	  	Form of Subsidiary Guaranty Agreement
	             Exhibit G
	  	-	  	Form of Indemnity, Subrogation and Contribution Agreement
	             Exhibit H
	  	-	  	Form of Security Agreement
	             Exhibit 2.3
	  	-	  	Notice of Revolving Borrowing
	             Exhibit 2.5
	  	-	  	Notice of Swingline Borrowing
	             Exhibit 2.6-A
	  	-	  	Intentionally Deleted
	             Exhibit 2.6-B
	  	-	  	Intentionally Deleted
	             Exhibit 2.6-C
	  	-	  	Intentionally Deleted

  

 iv 

					
	             Exhibit 2.9
	  	-	  	Intentionally Deleted
	             Exhibit 3.1(b)(iv)
	  	-	  	Form of Secretary’s Certificate of Exactech, Inc.
	             Exhibit 3.1(b)(vii)
	  	-	  	Form of Officer’s Certificate
	             Exhibit 3.1(b)(viii)
	  	-	  	Form of Opinion Letter
	             Exhibit 5.1(c)
	  	-	  	Form of Compliance Certificate

  

 v 

 REVOLVING CREDIT AGREEMENT 
 THIS REVOLVING CREDIT AGREEMENT (this “Agreement”) is made and entered into as of June 13, 2008, by and among EXACTECH, INC.,
a Florida corporation (the “Borrower”), the several banks and other financial institutions from time to time party hereto (the “Lenders”), and SUNTRUST BANK, in its capacity as administrative agent for the Lenders (the
“Administrative Agent”), as a Lender and as swingline lender (the “Swingline Lender”). 
 W I T N E S S E T H:

 WHEREAS, the Borrower has requested that the Lenders establish a $40,000,000 revolving credit facility; 
 WHEREAS, subject to the terms and conditions of this Agreement, the Lenders severally, to the extent of their respective Commitments, are willing
to establish the requested revolving credit facility for Borrower. 
 NOW, THEREFORE, in consideration of the premises and the mutual
covenants herein contained, the Borrower, the Lenders and the Administrative Agent agree as follows: 
 ARTICLE I 
 DEFINITIONS; CONSTRUCTION 
 Section 1.1. Definitions. In addition to the other terms defined herein, the following terms used herein shall have the meanings herein specified (to be equally applicable to both the singular and plural forms of
the terms defined): 
 “Administrative Agent” shall have the meaning assigned to such term in the opening paragraph
hereof. 
 “Administrative Questionnaire” shall mean, with respect to each Lender, an administrative questionnaire in
the form prepared by the Administrative Agent and submitted to the Administrative Agent duly completed by such Lender. 
 “Affiliate” shall mean, as to any Person, any other Person that directly, or indirectly through one or more intermediaries, Controls, is Controlled by, or is under common Control with, such Person. 
 “Aggregate Revolving Commitment Amount” shall mean the aggregate principal amount of the Aggregate Revolving Commitments from
time to time. On the Closing Date, the Aggregate Revolving Commitment Amount equals $40,000,000. 
 “Aggregate Revolving
Commitments” shall mean collectively, all Revolving Commitments of all Lenders at any time outstanding. 
 “Applicable Lending Office” shall mean, for each Lender and for each Type of Loan, the “Lending Office” of such Lender (or an Affiliate of such Lender) designated for such Type of Loan in the Administrative
Questionnaire submitted by such Lender or such other office of such Lender (or an Affiliate of such Lender) as such Lender may from time to time specify to the Administrative Agent and the Borrower as the office by which its Loans of such Type are
to be made and maintained. 

 “Applicable Margin” shall mean, as of any date, with respect to interest on all
Loans outstanding on any date, as the case may be, a percentage per annum determined by reference to the applicable Leverage Ratio in effect from time to time as set forth on Schedule 1; provided that a change in the Applicable Margin
resulting from a change in the Leverage Ratio shall be effective on the second Business Day after which the Borrower is required to deliver the financial statements required by Section 5.1(a) or (b) and the compliance
certificate required by Section 5.1(c); provided further, that if at any time the Borrower shall have failed to deliver such financial statements and such certificate, the Applicable Margin shall be at Level I until
such time as such financial statements and certificate are delivered, at which time the Applicable Margin shall be determined as provided above; and provided, further, that in the event that any financial statement delivered pursuant
to Section 5.1(a) or (b) or any Compliance Certificate delivered pursuant to Section 5.1(c) 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 Margin for any period (an “Applicable Margin Period”) than the Applicable Margin applied for such Applicable Margin
Period, and only in such case, then the Borrower shall immediately (i) deliver to the Administrative Agent a corrected Compliance Certificate for such Applicable Margin Period, (ii) determine the Applicable Margin for such Applicable
Margin Period based upon the corrected Compliance Certificate, and (iii) immediately pay to the Administrative Agent the accrued additional interest owing as a result of such increased Applicable Margin for such Applicable Margin Period, which
payment shall be promptly applied by the Administrative Agent in accordance with Section 2.22. In the event that any financial statement delivered pursuant to Section 5.1(a) or (b) or any Compliance Certificate delivered
pursuant to Section 5.1(c) is shown to be inaccurate, and such inaccuracy, if corrected, would have led to the application of a lower Applicable Margin for any Applicable Margin Period than the Applicable Margin applied for such Applicable
Margin Period, then (i) the Borrower shall immediately deliver to the Administrative Agent a correct Compliance Certificate for such Applicable Margin Period, (ii) the Applicable Margin shall be as if the lower applicable percentage were
applicable for such Applicable Margin Period, and (iii) Borrower shall receive a credit towards any future interest payments in an amount equal to the excess interest paid by Borrower as a result of the application of such lower Applicable
Margin. The provisions of this definition are in addition to rights of the Administrative Agent and Lenders with respect to Section 2.14(c) and Article 8 and other of their respective rights under this Agreement. Notwithstanding
the foregoing, the Applicable Margin from the Closing Date until the first financial statement and Compliance Certificate are required to be delivered shall be at Level IV. 
 “Applicable Percentage” shall mean, with respect to the facility fee as of any date, the percentage per annum determined by
reference to the applicable Leverage Ratio in effect on such date as set forth on Schedule I attached hereto; provided, that a change in the Applicable Percentage resulting from a change in the Leverage Ratio shall be effective
on the second Business Day after which the Borrower is required to deliver the financial statements required by Section 5.1(a) or (b) and the compliance certificate required by Section 5.1(c); provided,
further, that if at any time the Borrower shall have failed to deliver such financial statements and such certificate, the Applicable Percentage shall be at Level I until such time as such financial statements and certificate are delivered,
at which time the Applicable Percentage shall be determined as provided above. Notwithstanding the foregoing, the Applicable Percentage for the facility fee from the Closing Date until the first financial statement and Compliance Certificate are
required to be delivered shall be at Level IV. 
  

 2 

 “Assignment and Acceptance” shall mean an assignment and acceptance entered into
by a Lender and an assignee (with the consent of any party whose consent is required by Section 10.4(b)) and accepted by the Administrative Agent, in the form of Exhibit E attached hereto or any other form
approved by the Administrative Agent. 
 “Availability Period” shall mean the period from the Closing Date to the
Commitment Termination Date. 
 “Base Rate” shall mean the higher of (i) the per annum rate which the
Administrative Agent publicly announces from time to time to be its prime lending rate, as in effect from time to time, and (ii) the Federal Funds Rate, as in effect from time to time, plus one-half of one percent (0.50%). The Administrative
Agent’s prime lending rate is a reference rate and does not necessarily represent the lowest or best rate charged to customers. The Administrative Agent may make commercial loans or other loans at rates of interest at, above or below the
Administrative Agent’s prime lending rate. Each change in the Administrative Agent’s prime lending rate shall be effective from and including the date such change is publicly announced as being effective. 
 “Borrower” shall have the meaning in the introductory paragraph hereof. 
 “Borrowing” shall mean a borrowing consisting of (i) Loans of the same Class and Type, made on the same date, or (ii) a
Swingline Loan. 
 “Borrowing Availability” means, at any time, the amount by which the Aggregate Revolving
Commitment Amount exceeds the sum of the outstanding Revolving Loans and Swingline Loans. 
 “Business Day” shall
mean (i) any day other than a Saturday, Sunday or other day on which commercial banks in Gainesville, Florida are authorized or required by law to close and (ii) if such day relates to a Borrowing of, a payment or prepayment of principal
or interest on an Index Rate Loan or a Index Rate Loan or a notice with respect to any of the foregoing, any day on which dealings in Dollars are carried on in the London interbank market. 
 “Capital Expenditures” shall mean for any period, without duplication, (i) the additions to property, plant and equipment
and other capital expenditures of the Borrower and its Subsidiaries that are (or would be) set forth on a consolidated statement of cash flows of the Borrower for such period prepared in accordance with GAAP and (ii) Capital Lease Obligations
required to be paid by the Borrower and its Subsidiaries during such period. For purposes of this definition, Capital Expenditures: (a) shall not include any expenditure by Borrower or its Subsidiaries which is reimbursed in cash by a third
party (other than a Loan Party or any Subsidiary of a Loan Party) during the same period in which such expenditure was made, so long as Consolidated Net Income for such period does not include the amount of the reimbursement from the third party;
(b) shall only include the amount spent by Borrower and/or its Subsidiaries in excess of insurance proceeds received by Borrower and/or its Subsidiaries on the purchase of replacement equipment, so long as such insurance proceeds were not
included in Consolidated Net Income; and (c) shall include expenditures for equipment purchased substantially contemporaneously with the trade-in or sale of similar equipment only to the extent such purchase price exceeds the credit granted by
the seller of such equipment for the equipment being traded in at such time or the proceeds of such sale, as the case may be, and provided such sale proceeds were not included in Consolidated Net Income. 
  

 3 

 “Capital Lease Obligations” of any Person shall mean all obligations of such
Person to pay rent or other amounts under any lease (or other arrangement conveying the right to use) real or personal property, or a combination thereof, which obligations are required to be classified and accounted for as capital leases on a
balance sheet of such Person under GAAP, and the amount of such obligations shall be the capitalized amount thereof determined in accordance with GAAP. 
 “Cash Management Swingline Loans” shall have the meaning assigned to such term in Section 2.4(b). 
 “Change in Control” shall mean the occurrence of one or more of the following events: (a) any sale, lease, exchange or other transfer (in a single transaction or a series of related
transactions) of all or substantially all of the assets of the Borrower to any Person or “group” (within the meaning of the Securities Exchange Act of 1934 and the rules of the Securities and Exchange Commission thereunder in effect on the
date hereof), (b) the acquisition of ownership, directly or indirectly, beneficially or of record by any Person or “group” (within the meaning of the Securities Exchange Act of 1934 and the rules of the Securities and Exchange
Commission thereunder as in effect on the date hereof) of 50% or more of the outstanding shares of the voting stock of the Borrower; or (c) occupation of a majority of the seats (other than vacant seats) on the board of directors of the
Borrower by Persons who were neither (i) nominated by the current board of directors or (ii) appointed by directors so nominated. 
 “Change in Law” shall mean (i) the adoption of any applicable law, rule or regulation after the date of this Agreement, (ii) any change in any applicable law, rule or regulation, or any change in the
interpretation or application thereof, by any Governmental Authority after the date of this Agreement, or (iii) compliance by any Lender (or its Applicable Lending Office) with any request, guideline or directive (whether or not having the
force of law) of any Governmental Authority made or issued after the date of this Agreement. 
 “Class”, when used in
reference to any Loan or Borrowing, refers to whether such Loan, or the Loans comprising such Borrowing, are Revolving Loans or Swingline Loans and when used in reference to any Commitment, refers to whether such Commitment is a Revolving
Commitment, or a Swingline Commitment. 
 “Closing Date” shall mean the date on which the conditions precedent set
forth in Section 3.1 and Section 3.2 have been satisfied or waived in accordance with Section 10.2. 
 “Code” shall mean the Internal Revenue Code of 1986, as amended and in effect from time to time. 
 “Collateral” shall mean all property and assets of the Loan Parties, now owned or hereafter acquired, upon which a Lien is purported to be created by any Security Document. 
 “Commitment” shall mean a Revolving Commitment or a Swingline Commitment or any combination thereof (as the context shall permit
or require). 
 “Commitment Termination Date” shall mean the earliest of (i) June 13, 2013, (ii) the date
on which the Revolving Commitments are terminated pursuant to Section 2.10 and (iii) the date on which all amounts outstanding under this Agreement have been declared or have automatically become due and payable (whether by
acceleration or otherwise). 
  

 4 

 “Consolidated EBITDA” shall mean, for the Borrower and its Subsidiaries for any
period, an amount equal to the sum of (a) Consolidated Net Income for such period plus (b) to the extent deducted in determining Consolidated Net Income for such period, (i) Consolidated Interest Expense, (ii) Federal, state,
local and foreign income taxes payable by the Borrower and its Subsidiaries, (iii) depreciation and amortization expense, (iv) all other non-cash charges, (v) other non-recurring or extraordinary charges or expenses made in
conformance with GAAP, and (vii) any expenses deducted in calculating Consolidated Net Income for such period and reimbursed during such period by third parties (other than the Borrower or any of its Subsidiaries), in each case such deductions
shall be for such period determined on a consolidated basis in accordance with GAAP. Consolidated EBITDA shall include the pro forma Consolidated EBITDA of any Person or business acquired for the applicable period preceding such acquisition, not to
exceed four fiscal quarters, so long as the calculation thereof is done in a manner reasonably calculated to comply with GAAP and such calculation is detailed in the supporting calculations to each applicable Compliance Certificate as detailed and
measured to the Administrative Agent’s reasonable satisfaction. 
 “Consolidated Fixed Charges” shall mean, for
the Borrower and its Subsidiaries for any period, the sum (without duplication) of (a) Consolidated Interest Expense for such period, (b) scheduled principal payments made on Consolidated Total Debt during such period, and (c) any
Permitted Dividend Payments paid during such period. 
 “Consolidated Funded Debt” shall mean and include (without
duplication) (a) all Funded Debt of the Borrower on a consolidated basis, (b) all Funded Debt of other Persons, which has been guaranteed by the Borrower, which is supported by a letter of credit issued for the account of any one or more
of the Borrower, or as to which and to the extent that any of the Borrower or its assets have otherwise become liable for payment thereof, (c) all Indebtedness for money borrowed by the Borrower pursuant to lines of credit or revolving credit
facilities (regardless of the term thereof), and (d) all Permitted Subordinated Debt (if any). 
 “Consolidated Interest
Expense” shall mean, for the Borrower and its Subsidiaries for any period determined on a consolidated basis in accordance with GAAP, the sum of (i) total cash interest expense, including without limitation the interest component
of any payments in respect of Capital Leases Obligations capitalized or expensed during such period (whether or not actually paid during such period) plus (ii) the net amount payable (or minus the net amount receivable) under Hedging
Agreements during such period (whether or not actually paid or received during such period). 
 “Consolidated Net
Income” shall mean, for the Borrower and its Subsidiaries, for any period, the net income (or loss) of the Borrower and its Subsidiaries for such period determined on a consolidated basis in accordance with GAAP, but excluding therefrom
(to the extent otherwise included therein) (i) any gains attributable to write-ups of assets and (ii) any equity interest of the Borrower or any Subsidiary of the Borrower in the unremitted earnings of any Person that is not a Subsidiary
and (iv) any income (or loss) of any Person accrued prior to the date it becomes a Subsidiary or is merged into or consolidated with the Borrower or any Subsidiary on the date that such Person’s assets are acquired by the Borrower or any
Subsidiary. 
  

 5 

 “Consolidated Total Debt” shall mean, as of any date of determination, all
Indebtedness of the Borrower and its Subsidiaries that would be reflected on a consolidated balance sheet of the Borrower prepared in accordance with GAAP as of such date. 
 “Control” shall mean the power, directly or indirectly, to direct or cause the direction of the management and policies of a
Person, whether through the ability to exercise voting power, by contract or otherwise. The terms “Controlling”, “Controlled by”, and “under common Control with” have meanings
correlative thereto. 
 “Default” shall mean any condition or event that, with the giving of notice or the lapse of
time or both, would constitute an Event of Default. 
 “Default Interest” shall have the meaning set forth in
Section 2.14(d). 
 “Dollar(s)” and the sign “$” shall mean lawful money
of the United States of America. 
 “Environmental Laws” shall mean all laws, rules, regulations, codes, ordinances,
orders, decrees, judgments, or injunctions issued or promulgated by or with any Governmental Authority, relating in any way to the environment, preservation or reclamation of natural resources, the management, Release or threatened Release of any
Hazardous Material. 
 “Environmental Liability” shall mean any liability, (including any liability for damages,
costs of environmental investigation and remediation, costs of administrative oversight, fines, natural resource damages, penalties or indemnities), of the Borrower or any Subsidiary resulting from or based upon (a) any violation of any
Environmental Law, (b) the generation, use, handling, transportation, storage, treatment or disposal of any Hazardous Materials in violation of any Environmental Law, (c) any exposure to any Hazardous Materials in violation of any
Environmental Law, (d) the Release or threatened Release of any Hazardous Materials in violation of any Environmental Law, or (e) any contract, agreement or other consensual arrangement pursuant to which liability is assumed or imposed
with respect to any of the foregoing. 
 “ERISA” shall mean the Employee Retirement Income Security Act of 1974, as
amended from time to time, and any successor statute. 
 “ERISA Affiliate” shall mean any trade or business (whether
or not incorporated), which, together with the Borrower, is treated as a single employer under Section 414(b) or (c) of the Code or, solely for the purposes of Section 302 of ERISA and
Section 412 of the Code, is treated as a single employer under Section 414 of the Code. 
 “ERISA
Event” shall mean (a) any “reportable event”, as defined in Section 4043 of ERISA or the regulations issued thereunder with respect to a Plan (other than an event for which the 30-day notice period is waived);
(b) the existence with respect to any Plan of an “accumulated funding deficiency” (as defined in Section 412 of the Code or Section 302 of ERISA), whether or not waived; (c) the filing pursuant to
Section 412(d) of the Code or Section 303(d) of ERISA of an application for a waiver of the minimum funding standard with respect to any Plan; (d) the incurrence by the Borrower or any of its ERISA Affiliates of any liability
under Title IV of ERISA with respect to the termination of any Plan; (e) the receipt by the Borrower or any ERISA Affiliate from the PBGC or a plan administrator appointed by the PBGC of any notice relating to an intention to terminate any
Plan or Plans or to appoint a trustee to administer any Plan; (f) the incurrence by the Borrower or any of its ERISA Affiliates of any liability with respect 

  

 6 

 
to the withdrawal or partial withdrawal from any Plan or Multiemployer Plan; or (g) the receipt by the Borrower or any ERISA Affiliate of any notice, or
the receipt by any Multiemployer Plan from the Borrower or any ERISA Affiliate of any notice, concerning the imposition of Withdrawal Liability or a determination that a Multiemployer Plan is, or is expected to be, insolvent or in reorganization,
within the meaning of Title IV of ERISA. 
 “Event of Default” shall have the meaning provided in Article VIII.

 “Excluded Taxes” shall mean with respect to the Administrative Agent, any Lender, or any other recipient of any
payment to be made by or on account of any obligation of the Borrower hereunder, (a) income or franchise taxes imposed on (or measured by) its net income by the United States of America, or by the jurisdiction 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, (b) any branch profits taxes imposed by the United States of America or any similar tax imposed
by any other jurisdiction in which any Lender is located and (c) in the case of a Foreign Lender, any withholding tax that is imposed on amounts payable to such Foreign Lender at the time such Foreign Lender becomes a party to this Agreement
(or designates a new lending office) or is attributable to such Foreign Lender’s failure to comply with Section 2.21(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 2.21(a). 
 “Federal Funds Rate” shall mean, for any day, the rate per annum (rounded
upwards, if necessary, to the next 1/100th of 1%) equal to the weighted average of the rates on overnight Federal funds transactions with member
banks of the Federal Reserve System arranged by Federal funds brokers, as published by the Federal Reserve Bank of New York on the next succeeding Business Day or if such rate is not so published for any Business Day, the Federal Funds Rate for such
day shall be the average rounded upwards, if necessary, to the next 1/100th of 1% 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. 
 “Fixed Charge Coverage Ratio” shall mean, as of any date, the ratio of (a) Consolidated
EBITDA minus the actual amount paid by Borrower and its Subsidiaries in cash during such period on account of income tax expenses and minus the actual amount paid by Borrower and its Subsidiaries in cash during such period on account
of Capital Expenditures, except to the extent that any such Capital Expenditure was paid for with the direct proceeds of any Indebtedness other than the Loans, all as determined on a consolidated basis in accordance with GAAP, to
(b) Consolidated Fixed Charges for such period to the extent payable in cash during such period, in each case measured for the four consecutive fiscal quarters ending on or immediately prior to such date. 
 “Foreign Lender” shall mean any Lender that is not a United States person under Section 7701(a)(3) of the Code. 

“Foreign Subsidiary” shall mean any Subsidiary that is organized under the laws of a jurisdiction other than one of the fifty
states of the United States of America. 
 “Funded Debt” shall mean and include all Indebtedness for money borrowed,
Indebtedness evidenced or secured by purchase money Liens, Capital Lease Obligations, and conditional sales contracts and similar title retention debt instruments (regardless of when such Indebtedness matures). 
  

 7 

 “GAAP” shall mean generally accepted accounting principles in the United States
applied on a consistent basis and subject to the terms of Section 1.3. 
 “Governmental Authority” shall
mean the government of the United States of America, any other nation or 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. 
 “Guarantee” or “Guaranty” of or by any Person (the “guarantor”) shall mean any obligation, contingent or otherwise, of the guarantor guaranteeing or having the economic
effect of guaranteeing any Indebtedness or other obligation of any other Person (the “primary obligor”) in any manner, whether directly or indirectly and including any obligation, direct or indirect, of the guarantor
(a) to purchase or pay (or advance or supply funds for the purchase or payment of) such Indebtedness or other obligation or to purchase (or to advance or supply funds for the purchase of) any security for the payment thereof, (b) to
purchase or lease property, securities or services for the purpose of assuring the owner of such Indebtedness or other obligation of the payment thereof, (c) to maintain working capital, equity capital or any other financial statement condition
or liquidity of the primary obligor so as to enable the primary obligor to pay such Indebtedness or other obligation or (d) as an account party in respect of any letter of credit or letter of guaranty issued in support of such Indebtedness or
obligation; provided, that the term “Guarantee” shall not include endorsements for collection or deposits in the ordinary course of business. The amount of any Guarantee shall be deemed to be an amount equal to the stated or
determinable amount of the primary obligation in respect of which Guarantee is made or, if not so stated or determinable, the maximum reasonably anticipated liability in respect thereof (assuming such Person is required to perform thereunder) as
determined by such Person in good faith. The term “Guarantee” used as a verb has a corresponding meaning. 
 “Hazardous
Materials” means all hazardous or toxic substances, wastes or other pollutants, including petroleum or petroleum distillates, asbestos or asbestos containing materials, polychlorinated biphenyls, radon gas, infectious or medical wastes,
and all other substances of wastes of any nature regulated pursuant to any Environmental Law. 
 “Hedging Agreements”
shall mean interest rate swap, cap or collar agreements, interest rate future or option contracts, currency swap agreements, currency future or option contracts, commodity agreements and other similar agreements or arrangements designed to protect
against fluctuations in interest rates, currency values or commodity values and any transaction (including an agreement with respect thereto) now existing or hereafter entered into by any such Person that is a rate swap, basis swap, forward rate
transaction, commodity swap, interest rate option, foreign exchange transaction, cap transaction, floor transaction, collateral transaction, forward transaction, currency swap transaction, cross-currency rate swap transaction, currency option or any
other similar transaction (including any option with respect to any of these transactions) or any combination thereof, whether linked to one or more interest rates, foreign currencies, commodity prices, equity prices or other financial measures.

  

 8 

 “Hedging Obligations” of any Person shall mean any and all obligations of such
Person, whether absolute or contingent and howsoever and whensoever created, arising, evidenced or acquired under (i) any and all Hedging Agreements, (ii) any and all cancellations, buy backs, reversals, terminations or assignments of any
Hedging Agreements and (iii) any and all renewals, extensions and modifications of any Hedging Agreements and any and all substitutions for any Hedging Agreements. 
 “Indebtedness” of any Person shall mean, without duplication (i) all obligations of such Person for borrowed money, (ii) all obligations of such Person evidenced by bonds, debentures,
notes or other similar instruments, (iii) all obligations of such Person in respect of the deferred purchase price of property or services (other than trade payables incurred in the ordinary course of business; provided, that for
purposes of Section 8.1(f), trade payables overdue by more than 120 days shall be included in this definition except to the extent that any of such trade payables are being disputed in good faith and by appropriate measures),
(iv) all obligations of such Person under any conditional sale or other title retention agreement(s) relating to property acquired by such Person, (v) all Capital Lease Obligations of such Person, (vi) all obligations, contingent or
otherwise, of such Person in respect of letters of credit, acceptances or similar extensions of credit, (vii) all Guarantees of such Person of the type of Indebtedness described in clauses (i) through (vi) above, (viii) all
Indebtedness of a third party secured by any Lien on property owned by such Person, whether or not such Indebtedness has been assumed by such Person, (ix) Off-Balance Sheet Liabilities, and (x) all Hedging Obligations. The Indebtedness of
any Person shall include the Indebtedness of any partnership or joint venture in which such Person is a general partner or a joint venturer, except to the extent that the terms of such Indebtedness provide that such Person is not liable therefor.

 “Indemnified Taxes” shall mean Taxes other than Excluded Taxes. 
 “Indemnity and Contribution Agreement” shall mean the Indemnity, Subrogation and Contribution Agreement, substantially in the
form of Exhibit G, among the Borrower, the Subsidiary Loan Parties and the Administrative Agent. 
 “Index
Rate” shall mean the rate per annum equal to the London Interbank Offered Rate for deposits in U.S. dollars for a one (1) month period, which rate appears on the page of Bloomberg Financial Markets reporting service (or such
similar service as determined by the Administrative Agent) that displays British Bankers’ Association interest settlement rates for deposits in U.S. Dollars, as of 11:00 A.M. (London, England time) two (2) Business Days prior to the Index
Rate Determination Date; provided, that if no such offered rate appears on such page, the rate used for such period will be the per annum rate of interest determined by the Administrative Agent to be the rate at which U.S. dollar deposits for such
period, are offered to the Administrative Agent in the London Inter-Bank Market as of 11:00 A.M. (London, England time), on the day which is two (2) Business Days prior to the Index Rate Determination Date. 
 “Index Rate Borrowing” and “Index Rate Loan” when used in reference to any Loan or Borrowing, refers to
whether such Loan, or the Loans comprising such Borrowing, bears interest at a rate determined by reference to the Index Rate. 
 “Index Rate Determination Date” means the Closing Date and the first Business Day of each calendar month thereafter. 
 “Lenders” shall have the meaning assigned to such term in the opening paragraph of this Agreement and shall include, where appropriate, the Swingline Lender. 
  

 9 

 “Leverage Ratio” shall mean, as of any date of determination with respect to the
Borrower, the ratio of (i) Consolidated Funded Debt as of such date to (ii) Consolidated EBITDA for the four consecutive fiscal quarters ending on or immediately prior to such date. 
 “Lien” shall mean any mortgage, pledge, security interest, lien (statutory or otherwise), charge, encumbrance, hypothecation,
assignment, deposit arrangement, or other arrangement having the practical effect of the foregoing or any preference, priority or other security agreement or preferential arrangement of any kind or nature whatsoever (including any conditional sale
or other title retention agreement and any capital lease having the same economic effect as any of the foregoing). 
 “Loan
Documents” shall mean, collectively, this Agreement, the Notes, all Notices of Borrowing, the Subsidiary Guaranty Agreement, the Indemnity and Contribution Agreement, the Security Agreement, and any and all other instruments,
agreements, documents and writings executed in connection with any of the foregoing. 
 “Loan Parties” shall mean the
Borrower and the Subsidiary Loan Parties. 
 “Loans” shall mean all Revolving Loans and Swingline Loans in the
aggregate or any of them, as the context shall require. 
 “Material Adverse Effect” shall mean, with respect to any
event, act, condition or occurrence of whatever nature (including any adverse determination in any litigation, arbitration, or governmental investigation or proceeding), whether singularly or in conjunction with any other related event or events,
act or acts, condition or conditions, occurrence or occurrences, a material adverse change in, or a material adverse effect on, (i) the business, results of operations, financial condition, assets, or liabilities of the Borrower and of the
Borrower and its Subsidiaries taken as a whole, (ii) the ability of the Loan Parties to perform any of their respective obligations under the Loan Documents, (iii) the rights and remedies of the Administrative Agent, the Lenders and the
Swingline Lender under any of the Loan Documents or (iv) the legality, validity or enforceability of any of the Loan Documents. 
 “Material Indebtedness” shall mean Indebtedness (other than the Loans) plus any obligations in respect of one or more Hedging Agreements, of any one or more of the Borrower and the Subsidiaries in an aggregate
principal amount exceeding One Million Dollars ($1,000,000.00) during any calendar quarter. For purposes of determining Material Indebtedness, the “principal amount” of the obligations of the Borrower or any Subsidiary in respect to any
Hedging Agreement at any time shall be the maximum aggregate amount (giving effect to any netting agreements) that the Borrower or such Subsidiary would be required to pay if such Hedging Agreement were terminated at such time. 
 “Moody’s” shall mean Moody’s Investors Service, Inc. 
 “Multiemployer Plan” shall have the meaning set forth in Section 4001(a)(3) of ERISA. 
 “Notes” shall mean, collectively, the Revolving Credit Notes and the Swingline Note. 
 “Notices of Borrowing” shall mean, collectively, the Notices of Revolving Borrowing, and the Notices of Swingline Borrowing.

  

 10 

 “Notice of Revolving Borrowing” shall have the meaning as set forth in
Section 2.3. 
 “Notice of Swingline Borrowing” shall have the meaning as set forth in
Section 2.5. 
 “Obligations” shall mean all amounts owing by the Borrower to the Administrative Agent or
any Lender (including the Swingline Lender) pursuant to or in connection with this Agreement or any other Loan Document, including without limitation, all principal, interest (including any interest accruing after the filing of any petition in
bankruptcy or the commencement of any insolvency, reorganization or like proceeding relating to the Borrower, whether or not a claim for post-filing or post-petition interest is allowed in such proceeding), all reimbursement obligations, fees,
expenses, indemnification and reimbursement payments, costs and expenses (including all fees and expenses of counsel to the Administrative Agent and any Lender (including the Swingline Lender) incurred pursuant to this Agreement or any other Loan
Document), the due and punctual payment and performance of all obligations of Borrower in respect of overdrafts and related liabilities owed to the Administrative Agent and any Lender (including the Swingline Lender) arising from treasury,
depositary and cash management services or in connection with any automated clearinghouse transfer of funds, whether direct or indirect, absolute or contingent, liquidated or unliquidated, now existing or hereafter arising hereunder or thereunder,
and all Hedging Obligations owed to the Administrative Agent, any Lender or any of their Affiliates incurred in order to limit interest rate or fee fluctuation with respect to the Loans, and all obligations and liabilities incurred in connection
with collecting and enforcing the foregoing, together with all renewals, extensions, modifications or refinancings thereof. 
 “Off-Balance Sheet Liabilities” of any Person shall mean (i) any repurchase obligation or liability of such Person with respect to accounts or notes receivable sold by such Person, (ii) any liability of
such Person under any sale and leaseback transactions which do not create a liability on the balance sheet of such Person, (iii) any liability of such Person under any so-called “synthetic” lease transaction or (iv) any
obligation arising with respect to any other transaction which is the functional equivalent of or takes the place of borrowing but which does not constitute a liability on the balance sheet of such Person. 
 “Other Taxes” shall mean any and 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 from the execution, delivery or enforcement of, or otherwise with respect to, this Agreement or any other Loan Document. 
 “Participant” shall have the meaning set forth in Section 10.4(c). 
 “Payment Office” shall mean the office of the Administrative Agent located at 5080 Newberry Road, Gainesville, Florida 32607, or
such other location as to which the Administrative Agent shall have given written notice to the Borrower and the other Lenders. 
 “PBGC” shall mean the Pension Benefit Guaranty Corporation referred to and defined in ERISA, and any successor entity performing similar functions. 
 “Permitted Acquisition” means any transaction consummated after the date hereof, in which the Borrower or a Subsidiary acquires
the assets or all or substantially all of the outstanding capital stock or equity interests, or, subject to the limitation contained in Section 7.4(h), a minority share of the outstanding capital stock or equity interests, of any Person
or any division or business line of any Person, or merges or consolidates with any Person (with any such acquisition being referred to as an “Acquired Business” and 

  

 11 

 
any such Person, division or line of business being the “Target”), provided that (a) at the closing of such transaction, after giving
effect thereto, no Default or Event of Default shall have occurred and be continuing, (b) such acquisition has been approved by the Board of Directors and/or shareholders of the Borrower and the applicable Subsidiary, (c) at least five
(5) Business Days prior to the consummation of such transaction, the Borrower shall give written notice of such transaction to the Administrative Agent (the “Acquisition Notice”), which shall include either (i) the final
acquisition agreement or the then current draft of the acquisition agreement or (ii) a reasonably detailed description of the material terms of such Permitted Acquisition (including, without limitation, the purchase price and method and
structure of payment), (d) the Borrower or a Subsidiary shall be the surviving entity of any merger, and the surviving entity shall not be a Foreign Subsidiary, (e) the Acquired Business shall be in substantially the same line of business
as the Borrower and its Subsidiaries or a line of business permitted by Section 5.3, and (f) at the time it gives the Acquisition Notice, the Borrower shall deliver to the Administrative Agent (which shall promptly deliver a copy to
the Lenders) a certificate, executed by a Responsible Officer of the Borrower, demonstrating in sufficient detail compliance with the financial covenants contained in Section 6 of the Agreement on a pro forma basis after giving effect to such
acquisition and, further, certifying that, after giving effect to the consummation of such acquisition, the representations and warranties of the Borrower contained herein will be true and correct in all material respects and as of the date of such
consummation, except to the extent such representations or warranties expressly relate to an earlier date, and that the Borrower, as of the date of such consummation, will be in compliance with all other terms and conditions contained herein.

 “Permitted Encumbrances” shall mean 
 (i) Liens imposed by law for taxes or other governmental charges not yet due or which are being contested in good faith by appropriate
proceedings and with respect to which adequate reserves are being maintained in accordance with GAAP; 
 (ii) statutory Liens
of landlords and Liens of suppliers, carriers, warehousemen, mechanics, materialmen and other similar Liens imposed by law created in the ordinary course of business for amounts not yet due or which are being contested in good faith by appropriate
proceedings and with respect to which adequate reserves are being maintained in accordance with GAAP; 
 (iii) Liens, pledges
and deposits made in the ordinary course of business in compliance with workers’ compensation, unemployment insurance and other social security laws or regulations; 
 (iv) Liens and deposits to secure the performance of bids, trade contracts, leases, statutory obligations, surety and appeal bonds,
performance bonds and other obligations of a like nature, in each case in the ordinary course of business; 
 (v) judgment and
attachment liens not giving rise to an Event of Default or Liens created by or existing from any litigation or legal proceeding that are currently being contested in good faith by appropriate proceedings and with respect to which adequate reserves
are being maintained in accordance with GAAP; 
 (vi) easements, zoning restrictions, title defects, rights-of-way and similar
encumbrances on real property imposed by law or arising in the ordinary course of business that do not secure any monetary obligations and do not materially detract from the value of the affected property or materially interfere with the ordinary
conduct of business of the Borrower and its Subsidiaries taken as a whole; 
  

 12 

 (vii) customary banker’s liens, rights of setoff and other similar Liens existing
solely with respect to cash and cash equivalents on deposit in one or more accounts (including securities accounts) maintained by the Borrower or its Subsidiaries, including those granted in the ordinary course of business in favor of the bank or
banks with which such accounts are maintained securing amounts owing to such bank with respect to cash management and operating account arrangements, including those involving pooled accounts and netting arrangements and Liens deemed to exist in
connection with investments in repurchase agreements meeting the requirements of cash equivalents; 
 (viii) any interest or
title of a licensor, sub licensor, lessor or sublessor with respect to any assets under any license or lease agreement to the Borrower or any of its Subsidiaries entered into in the ordinary course of business; 
 (ix) Liens which arise under Article 4 of the Uniform Commercial Code in any applicable jurisdictions on items in collection and
documents and proceeds related thereto; 
 (x) precautionary filings of financing statements under the Uniform Commercial Code
of any applicable jurisdictions in respect of operating leases or consignments entered into by the Borrower or its Subsidiaries in the ordinary course of business; and 
 (xi) Liens in favor of customs and revenue authorities arising as a matter of law to secure payment of customs duties in connection with
the importation of goods. 
 provided, that the term “Permitted Encumbrances” shall not include any Lien securing Indebtedness. 

“Permitted Investments” shall mean: 
 (i) direct obligations of, or obligations the principal of and interest on which are unconditionally guaranteed by, the United States (or
by any agency thereof to the extent such obligations are backed by the full faith and credit of the United States), in each case maturing within one year from the date of acquisition thereof; 
 (ii) commercial paper having the highest rating, at the time of acquisition thereof, of S&P or Moody’s and in either case
maturing within one year from the date of acquisition thereof; 
 (iii) certificates of deposit, bankers’ acceptances and
time deposits maturing within 180 days of the date of acquisition thereof issued or guaranteed by or placed with, and money market deposit accounts issued or offered by, any domestic office of any commercial bank organized under the laws of the
United States or any state thereof which has a combined capital and surplus and undivided profits of not less than $500,000,000; 
  

 13 

 (iv) fully collateralized repurchase agreements with a term of not more than 30 days for
securities described in clause (i) above and entered into with a financial institution satisfying the criteria described in clause (iii) above; 
 (v) mutual funds investing solely in any one or more of the Permitted Investments described in clauses (i) through (iv) above; 
 (vi) investments held by the Borrower or Subsidiary in the form of cash or cash equivalents; and 
 (vii) prepaid expenses or lease, utility and other similar deposits, in each case made in the ordinary course of business. 
 “Permitted Subordinated Debt” shall mean any Indebtedness of the Borrower or any Subsidiary (i) that is expressly
subordinated to the Obligations on terms satisfactory to the Administrative Agent and the Required Lenders in their reasonable discretion, (ii) that matures by its terms no earlier than six months after the Commitment Termination Date then in
effect with commercially reasonable principal payment schedules and no un-scheduled principal payments permitted prior to such maturity, and (iii) that is evidenced by an indenture or other similar agreement that is in a form reasonably
satisfactory to the Administrative Agent and the Required Lenders. 
 “Person” shall mean any individual,
partnership, firm, corporation, association, joint venture, limited liability company, trust or other entity, or any Governmental Authority. 
 “Plan” means any employee pension benefit plan (other than a Multiemployer Plan) subject to the provisions of Title IV of ERISA or Section 412 of the Code or Section 302 of ERISA, and in respect of
which the Borrower or any ERISA Affiliate is (or, if such plan were terminated, would under Section 4069 of ERISA be deemed to be) an “employer” as defined in Section 3(5) of ERISA. 
 “Pro Rata Share” shall mean, with respect to any Lender at any time, a percentage, the numerator of which shall be such
Lender’s Revolving Commitment and the denominator of which shall be the sum of all Lenders’ Revolving Commitments; or if the Revolving Commitments have been terminated or expired or if the Loans have been declared to be due and payable, a
percentage, the numerator of which shall be the sum of such Lender’s Revolving Credit Exposure, and the denominator of which shall be the sum of the aggregate Revolving Credit Exposure of all Lenders. 
 “Regulation D” shall mean Regulation D of the Board of Governors of the Federal Reserve System, as the same may be in effect
from time to time, and any successor regulations. 
 “Related Parties” shall mean, with respect to any specified
Person, such Person’s Affiliates and the respective directors, officers, employees, agents and advisors of such Person and such Person’s Affiliates. 
 “Release” means any release, spill, emission, leaking, dumping, injection, pouring, deposit, disposal, discharge, dispersal, leaching or migration into the environment (including ambient air,
surface water, groundwater, land surface or subsurface strata) or within any building, structure, facility or fixture. 
  

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 “Required Lenders” shall mean, at any time, Lenders holding more than 50% of the
aggregate outstanding Revolving Credit Exposures at such time or if the Lenders have no Revolving Credit Exposure outstanding, then Lenders holding more than 50% of the Aggregate Revolving Commitments. 
 “Responsible Officer” shall mean any of the president, the chief executive officer, the chief operating officer, the chief
financial officer, the treasurer or a vice president of the Borrower or such other representative of the Borrower as may be designated in writing by any one of the foregoing with the consent of the Administrative Agent; and, with respect to the
financial covenants only, the chief financial officer or the treasurer of the Borrower. 
 “Restricted Payment” shall
have the meaning set forth in Section 7.5. 
 “Revolving Commitment” shall mean, with respect to each
Lender, the obligation of such Lender to make Revolving Loans to the Borrower and Swingline Loans in an aggregate principal amount not exceeding the amount set forth with respect to such Lender on the signature pages to this Agreement, or in the
case of a Person becoming a Lender after the Closing Date, the amount of the assigned “Revolving Commitment” as provided in the Assignment and Acceptance Agreement executed by such Person as an assignee, as the same may be changed pursuant
to terms hereof. 
 “Revolving Credit Exposure” shall mean, with respect to any Lender at any time, the sum of the
outstanding principal amount of such Lender’s Revolving Loans, and such Lender’s Swingline Exposure. 
 “Revolving
Credit Note” shall mean a promissory note of the Borrower payable to the order of a requesting Lender in the principal amount of such Lender’s Revolving Commitment, in substantially the form of Exhibit A.

 “Revolving Loan” shall mean a loan made by a Lender (other than the Swingline Lender) to the Borrower under its
Revolving Commitment, which may either be a Base Rate Loan or an Index Rate Loan. 
 “S&P” shall mean
Standard & Poor’s. 
 “Security Agreement” shall mean the Security Agreement, dated as of the date
hereof and substantially in the form of Exhibit H, made by the Borrower in favor of the Administrative Agent for the benefit of the Lenders. 
 “Security Document” shall mean the Security Agreement and each of the security agreements and other instruments and documents executed and delivered pursuant thereto or pursuant to
Section 5.11. 
 “Subsidiary” shall mean, with respect to any Person (the “parent”), any
corporation, partnership, joint venture, limited liability company, association or other entity the accounts of which would be consolidated with those of the parent in the parent’s consolidated financial statements if such financial statements
were prepared in accordance with GAAP as of such date, as well as any other corporation, partnership, joint venture, limited liability company, association or other entity (i) of which securities or other ownership interests representing more
than 50% of the equity or more than 50% of the ordinary voting power, or in the case of a partnership, more than 50% of the general partnership interests are, as of such date, owned, Controlled or held, or (ii) that is, as of 

  

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such date, otherwise Controlled, by the parent or one or more subsidiaries of the parent or by the parent and one or more subsidiaries of the parent. Unless
otherwise indicated, all references to “Subsidiary” hereunder shall mean a Subsidiary of the Borrower. 
 “Subsidiary
Guaranty Agreement” shall mean the Subsidiary Guaranty Agreement, dated as of the date hereof and substantially in the form of Exhibit F, made by the Subsidiary Loan Parties in favor of the Administrative Agent for the
benefit of the Lenders, and by Subsidiaries of the Borrower pursuant to Section 5.11. 
 “Subsidiary Loan Party”
shall mean any Subsidiary that executes or becomes a party to the Subsidiary Guaranty Agreement. 
 “Swingline
Commitment” shall mean the commitment of the Swingline Lender to make Swingline Loans in an aggregate principal amount at any time outstanding not to exceed Three Million ($3,000,000.00). 
 “Swingline Exposure” shall mean, with respect to each Lender, the principal amount of the Swingline Loans in which such Lender is
legally obligated either to make a Base Rate Loan or to purchase a participation in accordance with Section 2.5, which shall equal such Lender’s Pro Rata Share of all outstanding Swingline Loans. 
 “Swingline Lender” shall mean SunTrust Bank, or any other Lender that may agree to make Swingline Loans hereunder. 
 “Swingline Loan” shall mean a loan made to the Borrower by the Swingline Lender under the Swingline Commitment. 
 “Swingline Note” shall mean the promissory note of the Borrower payable to the order of the Swingline Lender in the principal
amount of the Swingline Commitment, substantially the form of Exhibit D. 
 “Swingline Termination
Date” shall mean the date that is ten (10) Business Days prior to the Commitment Termination Date. 
 “Taxes” shall mean any and all present or future taxes, levies, imposts, duties, deductions, charges or withholdings imposed by any Governmental Authority. 
 “Type”, when used in reference to a Loan or Borrowing, refers to whether the rate of interest on such Loan, or on the Loans
comprising such Borrowing, is determined by reference to the Index Rate or the Base Rate. 
 “Withdrawal Liability”
shall mean liability to a Multiemployer Plan as a result of a complete or partial withdrawal from such Multiemployer Plan, as such terms are defined in Part I of Subtitle E of Title IV of ERISA. 
 Section 1.2. Classifications of Loans and Borrowings. For purposes of this Agreement, Loans may be classified and referred to by Type
(e.g. a “Index Rate Loan”, or “Base Rate Loan”) or by Class and Type (e.g. “Revolving Index Rate Loan”). Borrowings also may be classified and referred to by Class (e.g. “Revolving Borrowing”) or by Type (e.g.
“Index Rate Borrowing”) or by Class and Type (e.g. “Revolving Index Rate Borrowing”). 
  

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 Section 1.3. Accounting Terms and Determination. Unless otherwise defined or 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 as in effect from time
to time, applied on a basis consistent (except for such changes approved by the Borrower’s independent public accountants) with the most recent audited consolidated financial statement of the Borrower delivered pursuant to Section 5.1(a);
provided, that if the Borrower notifies the Administrative Agent that the Borrower wishes to amend any 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 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. 
 Section 1.4. Terms Generally. 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”. In the computation of periods of time from a specified date to a later specified date, the word “from” means “from and including” and the word “to” means “to
but excluding”. Unless the context requires otherwise (i) any definition of or reference to any agreement, instrument or other document herein shall be construed as referring to such agreement, instrument or other document as it was
originally executed or as it may from time to time be amended, restated, supplemented or otherwise modified (subject to any restrictions on such amendments, supplements or modifications set forth herein), (ii) any reference herein to any Person
shall be construed to include such Person’s successors and permitted assigns, (iii) the words “hereof”, “herein” and “hereunder” and words of similar import shall be construed to refer to this Agreement as a
whole and not to any particular provision hereof, (iv) all references to Articles, Sections, Exhibits and Schedules shall be construed to refer to Articles, Sections, Exhibits and Schedules to this Agreement and (v) all references to a
specific time shall be construed to refer to the time in the city and state of the Administrative Agent’s principal office, unless otherwise indicated. 
 ARTICLE II 
 AMOUNT AND TERMS OF THE COMMITMENTS 
 Section 2.1. General Description of Facilities. Subject to and upon the terms and conditions herein set forth, (i) the Lenders
hereby establish in favor of the Borrower a revolving credit facility pursuant to which the Lenders severally agree (to the extent of each Lender’s Pro Rata Share up to such Lender’s Revolving Commitment) to make Revolving Loans to the
Borrower in accordance with Section 2.2, and (ii) the Swingline Lender agrees to make Swingline Loans in accordance with Section 2.4; provided, that in no event shall the aggregate principal amount of all
outstanding Revolving Loans and Swingline Loans exceed at any time the Aggregate Revolving Commitment Amount from time to time in effect. 
 Section 2.2. Revolving Loans. Subject to the terms and conditions set forth herein, each Lender severally agrees to make Revolving Loans to the Borrower, from time to time during the Availability Period, in an aggregate
principal amount outstanding at any time that will not result in (a) such Lender’s Revolving Credit Exposure exceeding such Lender’s Revolving Commitment or 

  

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(b) the sum of the aggregate Revolving Credit Exposures of all Lenders exceeding the Aggregate Revolving Commitments. During the Availability Period,
the Borrower shall be entitled to borrow, prepay and reborrow Revolving Loans in accordance with the terms and conditions of this Agreement; provided, that the Borrower may not borrow or reborrow should there exist a Default or Event of Default.

 Section 2.3. Procedure for Revolving Borrowings. The Borrower shall give the Administrative Agent written notice (or
telephonic notice promptly confirmed in writing) of each Revolving Borrowing substantially in the form of Exhibit 2.3 attached hereto (a “Notice of Revolving Borrowing”) prior to 11:00 a.m. (Gainesville, FL
time) on the requested date of each Revolving Borrowing. Each Notice of Revolving Borrowing shall be irrevocable and shall specify: (i) the aggregate principal amount of such Borrowing, and (ii) the date of such Borrowing (which shall be a
Business Day). The aggregate principal amount of each Revolving Borrowing shall be not less than $1,000,000 or a larger multiple of $100,000; provided, that Loans made pursuant to Section 2.5 may be made in lesser amounts as
provided therein. Promptly following the receipt of a Notice of Revolving Borrowing in accordance herewith, the Administrative Agent shall advise each Lender of the details thereof and the amount of such Lender’s Revolving Loan to be made as
part of the requested Revolving Borrowing. 
 Section 2.4. Swingline Commitment. 
 (a) Subject to the terms and conditions set forth herein, the Swingline Lender agrees to make Swingline Loans to the Borrower, from time to time from the
Closing Date to the Swingline Termination Date, in an aggregate principal amount outstanding at any time not to exceed the lesser of (i) the Swingline Commitment then in effect and (ii) the difference between the Aggregate Revolving
Commitments and the aggregate Revolving Credit Exposures of all Lenders; provided, that the Swingline Lender shall not be required to make a Swingline Loan to refinance an outstanding Swingline Loan. The Borrower shall be entitled to borrow,
repay and reborrow Swingline Loans in accordance with the terms and conditions of this Agreement. 
 (b) The Swingline Lender agrees to make
Swingline Loans to the Borrower from time to time in accordance with the treasury and cash management services and products provided to the Borrower by the Swingline Lender (the “Cash Management Swingline Loans”). For other
Swingline Loans, the Borrower shall follow the procedure provided in Section 2.5(a). 
 Section 2.5. Procedure for Swingline
Borrowing; Etc. 
 (a) The Borrower shall give the Administrative Agent written notice (or telephonic notice promptly confirmed in
writing) of each Swingline Borrowing (“Notice of Swingline Borrowing”) prior to 11:00 a.m. (Gainesville, FL time) on the requested date of each Swingline Borrowing. Each Notice of Swingline Borrowing shall be irrevocable and
shall specify: (i) the principal amount of such Swingline Loan, (ii) the date of such Swingline Loan (which shall be a Business Day) and (iii) the account of the Borrower to which the proceeds of such Swingline Loan should be
credited. The Administrative Agent will promptly advise the Swingline Lender of each Notice of Swingline Borrowing. Each Swingline Loan shall accrue interest at the Index Rate Plus the Applicable Margin or any other interest rate as agreed between
the Borrower and the Swingline Lender. The Swingline Lender will make the proceeds of each Swingline Loan available to the Borrower in Dollars in immediately available funds at the account specified by the Borrower in the applicable Notice of
Swingline Borrowing not later than 1:00 p.m. (Gainesville, FL time) on the requested date of such Swingline Loan. The Administrative Agent will notify the Lenders on a quarterly basis if any Swingline Loans occurred during such quarter. 

 

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 (b) Once a week on the first Business Day of the week, and at other times and from time to time in the
Swingline Lender’s sole discretion, the Swingline Lender may, on behalf of the Borrower (which hereby irrevocably authorizes and directs the Swingline Lender to act on its behalf), give a Notice of Revolving Borrowing to the Administrative
Agent requesting the Lenders (including the Swingline Lender) to make Revolving Loans in an amount equal to the unpaid principal amount of any Swingline Loan. Each Lender will make the proceeds of its Revolving Loan included in such Borrowing
available to the Administrative Agent for the account of the Swingline Lender in accordance with Section 2.8, which will be used solely for the repayment of such Swingline Loan. 
 (c) If for any reason a Revolving Borrowing may not be (as determined in the sole discretion of the Administrative Agent), or is not, made in accordance
with the foregoing provisions, then each Lender (other than the Swingline Lender) shall purchase an undivided participating interest in such Swingline Loan in an amount equal to its Pro Rata Share thereof on the date that such Revolving Borrowing
should have occurred. On the date of such required purchase, each Lender shall promptly transfer, in immediately available funds, the amount of its participating interest to the Administrative Agent for the account of the Swingline Lender. If such
Swingline Loan bears interest at a rate other than the Index Rate, such Swingline Loan shall automatically become a Revolving Loan on the effective date of any such participation and interest shall become payable on demand. 
 (d) Each Lender’s obligation to make a Revolving Loan pursuant to Section 2.5(b) or to purchase the participating interests
pursuant to Section 2.5(c) shall be absolute and unconditional and shall not be affected by any circumstance, including without limitation (i) any setoff, counterclaim, recoupment, defense or other right that such Lender or
any other Person may have or claim against the Swingline Lender, the Borrower or any other Person for any reason whatsoever, (ii) the existence of a Default or an Event of Default or the termination of any Lender’s Revolving Commitment,
(iii) the existence (or alleged existence) of any event or condition which has had or could reasonably be expected to have a Material Adverse Effect, (iv) any breach of this Agreement or any other Loan Document by the Borrower, the
Administrative Agent or any Lender or (v) any other circumstance, happening or event whatsoever, whether or not similar to any of the foregoing. If such amount is not in fact made available to the Swingline Lender by any Lender, the Swingline
Lender shall be entitled to recover such amount on demand from such Lender, together with accrued interest thereon for each day from the date of demand thereof at the Federal Funds Rate. Until such time as such Lender makes its required payment, the
Swingline Lender shall be deemed to continue to have outstanding Swingline Loans in the amount of the unpaid participation for all purposes of the Loan Documents. In addition, such Lender shall be deemed to have assigned any and all payments made of
principal and interest on its Loans and any other amounts due to it hereunder, to the Swingline Lender to fund the amount of such Lender’s participation interest in such Swingline Loans that such Lender failed to fund pursuant to this Section,
until such amount has been purchased in full. 
 Section 2.6. Competitive Bid Borrowings. [Intentionally Deleted]

 Section 2.7. Term Loan Commitments. [Intentionally Deleted] 
  

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 Section 2.8. Funding of Borrowings. 
 (a) Each Lender will make available each Loan to be made by it hereunder on the proposed date thereof by wire transfer in immediately available funds by
11:00 a.m. (Gainesville, FL time) to the Administrative Agent at the Payment Office; provided, that the Swingline Loans will be made as set forth in Section 2.5. The Administrative Agent will make such Loans available to the
Borrower by promptly crediting the amounts that it receives, in like funds by the close of business on such proposed date, to an account maintained by the Borrower with the Administrative Agent or at the Borrower’s option, by effecting a wire
transfer of such amounts to an account designated by the Borrower to the Administrative Agent. 
 (b) Unless the Administrative Agent shall
have been notified by any Lender prior to 5 p.m. (Gainesville, FL time) one (1) Business Day prior to the date of a Borrowing in which such Lender is participating 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 amount available to the Administrative Agent on such date, and the Administrative Agent, in reliance on such assumption, may make available to
the Borrower on such date a corresponding amount. If such corresponding amount is not in fact made available to the Administrative Agent by such Lender on the date of such Borrowing, the Administrative Agent shall be entitled to recover such
corresponding amount on demand from such Lender together with interest at the Federal Funds Rate for up to two (2) days and thereafter at the rate specified for such Borrowing. If such Lender does not pay such corresponding amount forthwith
upon the Administrative Agent’s demand therefor, the Administrative Agent shall promptly notify the Borrower, and the Borrower shall immediately pay such corresponding amount to the Administrative Agent together with interest at the rate
specified for such Borrowing. Nothing in this subsection shall be deemed to relieve any Lender from its obligation to fund its Pro Rata Share of any Borrowing hereunder or to prejudice any rights which the Borrower may have against any Lender as a
result of any default by such Lender hereunder. 
 (c) All Revolving Borrowings shall be made by the Lenders on the basis of their respective
Pro Rata Shares. No Lender shall be responsible for any default by any other Lender in its obligations hereunder, and each Lender shall be obligated to make its Loans provided to be made by it hereunder, regardless of the failure of any other Lender
to make its Loans hereunder. 
 Section 2.9. Interest Elections. [Intentionally Deleted] 
 Section 2.10. Optional Reduction and Termination of Commitments. 
 (a) Unless previously terminated, all Revolving Commitments shall terminate on the Commitment Termination Date, except that the Swingline Commitment shall
terminate on the Swingline Termination Date. 
 (b) Upon at least three (3) Business Days’ prior written notice (or telephonic
notice promptly confirmed in writing) to the Administrative Agent (which notice shall be irrevocable), the Borrower may reduce the Aggregate Revolving Commitments in part or terminate the Aggregate Revolving Commitments in whole; provided,
that (i) any partial reduction shall apply to reduce proportionately and permanently the Revolving Commitment of each Lender, (ii) any partial reduction pursuant to this Section 2.10 shall be in an amount of at least $5,000,000
and any larger multiple of $1,000,000, and (iii) no such reduction shall be permitted which would reduce the Aggregate Revolving Commitment Amount to an amount less than the outstanding Revolving Credit 

  

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Exposures of all Lenders. Any such reduction in the Aggregate Revolving Commitment Amount shall result in a proportionate reduction (rounded to the next
lowest integral multiple of $100,000) in the Swingline Commitment. 
 Section 2.11. Repayment of Loans. 
 (a) The outstanding principal amount of all Revolving Loans shall be due and payable (together with accrued and unpaid interest thereon) on the Commitment
Termination Date. 
 (b) The principal amount of each Swingline Borrowing shall be due and payable (together with accrued interest thereon)
on the Swingline Termination Date. 
 Section 2.12. Evidence of Indebtedness. 
 (a) Each Lender shall maintain in accordance with its usual practice appropriate records evidencing the Indebtedness of the Borrower to such Lender
resulting from each Loan made by such Lender from time to time, including the amounts of principal and interest payable thereon and paid to such Lender from time to time under this Agreement. The Administrative Agent shall maintain appropriate
records in which shall be recorded (i) the Revolving Commitment of each Lender, (ii) the amount of each Loan made hereunder by each Lender and the Class and Type thereof, (iii) the date and 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 such Loans, and (iv) both the date and amount of any sum received by the Administrative Agent hereunder from the Borrower in respect of the Loans and
each Lender’s Pro Rata Share thereof. The entries made in such records shall be prima facie evidence of the existence and amounts of the obligations of the Borrower therein recorded; provided, that the failure or delay of any Lender or the
Administrative Agent in maintaining or making entries into any such record or any error therein shall not in any manner affect the obligation of the Borrower to repay the Loans (both principal and unpaid accrued interest) of such Lender in
accordance with the terms of this Agreement. 
 (b) At the request of any Lender (including the Swingline Lender) at any time, the Borrower
agrees that it will execute and deliver to such Lender a Revolving Credit Note, and, in the case of the Swingline Lender only, a Swingline Note, payable to the order of such Lender. 
 Section 2.13. Optional Prepayments. The Borrower shall have the right at any time and from time to time to prepay any Borrowing, in
whole or in part, without premium or penalty, by giving irrevocable written notice (or telephonic notice promptly confirmed in writing) to the Administrative Agent no later than (i) in the case of prepayment of any Revolving Borrowing,
11:00 a.m. (Gainesville, FL time) not less than three (3) Business Days prior to any such prepayment, and (ii) in the case of Swingline Borrowings, prior to 11:00 a.m. (Gainesville, FL time) on the date of such prepayment. Each
such notice shall be irrevocable and shall specify the proposed date of such prepayment and the principal amount of each Borrowing or portion thereof to be prepaid. Upon receipt of any such notice, the Administrative Agent shall promptly notify each
affected Lender of the contents thereof and of such Lender’s Pro Rata Share of any such prepayment. If such notice is given, the aggregate amount specified in such notice shall be due and payable on the date designated in such notice, together
with accrued interest to such date on the amount so prepaid in accordance with Section 2.14(e). Each partial prepayment of any Loan (other than a Swingline Loan) shall be in an amount that would be permitted in the case of an
advance of a Revolving Borrowing of the same Type pursuant to Section 2.2 or in the case of a Swingline Loan pursuant to Section 2.5. Each prepayment of a Borrowing shall be applied ratably to the Loans comprising such
Borrowing. 
  

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 Section 2.14. Interest on Loans. 
 (a) The Borrower shall pay interest on each Revolving Loan at the Index Rate in effect from time to time, plus the Applicable Margin in effect from time
to time. 
 (b) The Borrower shall pay interest on each Swingline Loan at the Index Rate in effect from time to time, plus the Applicable
Margin in effect from time to time. 
 (c) While an Event of Default exists or after acceleration, at the option of the Required Lenders, the
Borrower shall pay interest (“Default Interest”) with respect to all Revolving Loans and Swingline Loans at the rate otherwise applicable plus an additional five percent (5%) per annum. 
 (d) Interest on the principal amount of all Loans shall accrue from and including the date such Loans are made to but excluding the date of any repayment
thereof. Interest on all outstanding Revolving Loans shall be payable monthly in arrears on the fifteenth day of each calendar month and on the Commitment Termination Date, as the case may be. Interest on each Swingline Loan shall be payable on the
earlier of demand or maturity date of such Loan, and on the Swingline Termination Date. All Default Interest shall be payable on demand. 
 (e) The Administrative Agent shall determine each interest rate applicable to the Loans hereunder and shall promptly notify the Borrower and the Lenders of such rate in writing (or by telephone, promptly confirmed in writing). Any such
determination shall be conclusive and binding for all purposes, absent manifest error. 
 Section 2.15. Fees. 

(a) Administrative Agent Fees. The Borrower shall pay to the Administrative Agent for its own account fees in the amounts and at the times noted
in this Section 2.15. 
 (b) Facility Fee. The Borrower agrees to pay to the Administrative Agent for the account of each Lender
a facility fee, which shall accrue at the Applicable Percentage (determined daily in accordance with Schedule I) on the daily amount of the unused Revolving Commitment of such Lender during the Availability Period; provided, that
if such Lender continues to have any Revolving Credit Exposure after the Commitment Termination Date, then the facility fee shall continue to accrue on the daily amount of such Revolving Credit Exposure from and after the Commitment Termination Date
to the date that all of such Lender’s Revolving Credit Exposure has been paid in full. Accrued facility fees shall be quarterly payable in arrears on the last day of each March, June, September and December of each year and on the Commitment
Termination Date, commencing on the first such date after the Closing Date; provided further, that any facility fees accruing after the Commitment Termination Date shall be payable on demand. 
 (c) Closing Fee. The Borrower shall pay to the Administrative Agent, for the ratable benefit of each Lender, a closing fee equal to 0.20% of the
Revolving Loan Commitments. The closing fee shall be due and payable on the Closing Date. 
 (d) Payments. Accrued fees (other than
the closing fee referenced in paragraph (c)) shall be payable quarterly in arrears on the last day of each March, June, September and December, commencing on September 30, 2008 and on the Commitment Termination Date (and if later, the date the
Loans shall be repaid in their entirety). 
  

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 Section 2.16. Computation of Interest and Fees. 
 All computations of interest and fees hereunder shall be made on the basis of a year of 360 days for the actual number of days (including the first day but excluding the
last day) occurring in the period for which such interest or fees are payable (to the extent computed on the basis of days elapsed). Each determination by the Administrative Agent of an interest amount or fee hereunder shall be made in good faith
and, except for manifest error, shall be final, conclusive and binding for all purposes. 
 Section 2.17. Inability to Determine
Interest Rates. If for any Index Rate Borrowing, 
 (a) the Administrative Agent shall have determined (which determination shall be
conclusive and binding upon the Borrower) that, by reason of circumstances affecting the relevant interbank market, adequate means do not exist for ascertaining LIBOR, or 
 (b) the Administrative Agent shall have received notice from the Required Lenders that the Index Rate does not adequately and fairly reflect the cost to such Lenders (or Lender, as the case may be) of making, funding
or maintaining their (or its, as the case may be) Loans, 
 the Administrative Agent shall give written notice (or telephonic notice, promptly confirmed in
writing) to the Borrower and to the Lenders as soon as practicable thereafter. Until the Administrative Agent shall notify the Borrower and the Lenders that the circumstances giving rise to such notice no longer exist, (i) the obligations of
the Lenders to make Index Rate Revolving Loans shall be suspended and (ii) all such affected Loans shall be converted into Base Rate Loans unless the Borrower prepays such Loans in accordance with this Agreement. Unless the Borrower notifies
the Administrative Agent at least one Business Day before the date of any Index Rate Revolving Borrowing for which a Notice of Revolving Borrowing has previously been given that it elects not to borrow on such date, then such Revolving Borrowing
shall be made as a Base Rate Borrowing. 
 Section 2.18. Illegality. If any Change in Law shall make in unlawful or
impossible for any Lender to make, maintain or fund any Index Rate Loan and such Lender shall so notify the Administrative Agent, the Administrative Agent shall promptly give notice thereof to the Borrower and the other Lenders, whereupon until such
Lender notifies the Administrative Agent and the Borrower that the circumstances giving rise to such suspension no longer exist, the obligation of such Lender to make Index Rate Revolving Loans shall be suspended. In the case of the making of an
Index Rate Revolving Borrowing, such Lender’s Revolving Loan shall be made as a Base Rate Loan as part of the same Revolving Borrowing and such Loan shall be converted to a Base Rate Loan immediately if such Lender shall determine that it may
not lawfully continue to maintain such Index Rate Loan to such date. Notwithstanding the foregoing, the affected Lender shall, prior to giving such notice to the Administrative Agent, designate a different Applicable Lending Office if such
designation would avoid the need for giving such notice and if such designation would not otherwise be disadvantageous to such Lender in the good faith exercise of its discretion. 
 Section 2.19. Increased Costs. 
 (a) If any Change in Law shall: 
 (i) impose, modify or deem applicable any reserve, special deposit or similar
requirement that is not otherwise included in the determination of the Index Rate hereunder against assets of, deposits with or for the account of, or credit extended by, any Lender (except any such reserve requirement reflected in the Index Rate);
or 
  

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 (ii) impose on any Lender or the eurodollar interbank market any other condition
affecting this Agreement or any Index Rate Loans made by such Lender or any participation therein; 
 and the result of the foregoing is to increase the cost
to such Lender of making, converting into, continuing or maintaining a Index Rate Loan or to increase the cost to such Lender or to reduce the amount received or receivable by such Lender (whether of principal, interest or any other amount), then
the Borrower shall promptly pay, upon written notice from and demand by such Lender on the Borrower (with a copy of such notice and demand to the Administrative Agent), to the Administrative Agent for the account of such Lender, within five Business
Days after the date of such notice and demand, additional amount or amounts reasonably sufficient to compensate such Lender for such additional costs incurred or reduction suffered. 
 (b) If any Lender shall have determined that on or after the date of this Agreement any Change in Law regarding capital requirements has or would have
the effect of reducing the rate of return on such Lender’s (or on the capital of such Lender’s parent corporation or holding company) as a consequence of its obligations hereunder to a level below that which such Lender or such
Lender’s parent corporation/holding company could have achieved but for such Change in Law (taking into consideration such Lender’s policies or the policies of such Lender’s parent corporation/holding company with respect to capital
adequacy) then, from time to time, within five (5) Business Days after receipt by the Borrower of written demand by such Lender (with a copy thereof to the Administrative Agent), the Borrower shall pay to such Lender such additional amounts as
will reasonably compensate such Lender or such Lender’s parent corporation/holding company for any such reduction suffered. 
 (c) A
certificate of a Lender setting forth the amount or amounts necessary to compensate such Lender or such Lender’s parent corporation/holding company, as the case may be, specified in paragraph (a) or (b) of this Section shall be
delivered to the Borrower (with a copy to the Administrative Agent) and shall be conclusive, absent manifest error. The Borrower shall pay any such Lender or the Issuing Bank, as the case may be, such amount or amounts within 10 days after receipt
thereof. 
 (d) Failure or delay on the part of any Lender or the Issuing Bank to demand compensation pursuant to this Section shall not
constitute a waiver of such Lender’s or the Issuing Bank’s right to demand such compensation. 
 Section 2.20. Funding
Indemnity. In the event of the failure by the Borrower to borrow or prepay, any Index Rate Loan on the date specified in any applicable notice (regardless of whether such notice is withdrawn or revoked), then, in any such event, the Borrower
shall compensate each Lender, within five (5) Business Days after written demand from such Lender, for any loss, cost or expense reasonably attributable to such event. Such loss, cost or expense shall be deemed to include an amount determined
by such Lender to be the excess, if any, of (A) the amount of interest that would have accrued on the principal amount of such Index Rate Loan if such event had not occurred at the Index Rate applicable to such Index Rate Loan for the period
from the date of such event to the last day of the then current Interest Period therefor over (B) the amount of interest that would accrue on the principal amount of such Index Rate Loan for the same period if the Index Rate were set on the
date such Index Rate Loan was prepaid or converted or the date on which the Borrower failed to borrow, convert or continue such Index Rate Loan. A certificate as to any additional amount payable under this Section 2.20 submitted to the
Borrower by any Lender shall be conclusive, absent manifest error. 
  

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 Section 2.21. Taxes. 
 (a) Any and all payments by or on account of any obligation of the Borrower hereunder shall be made free and clear of and without deduction for any
Indemnified Taxes or Other Taxes; provided, that if the Borrower shall be required to deduct any Indemnified Taxes or 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, any Lender shall receive 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 pay the full amount deducted to the relevant Governmental Authority in accordance with applicable law. 
 (b) In addition, the Borrower shall 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 five (5) Business Days after written demand therefor, for the full
amount of any Indemnified Taxes or Other Taxes paid by the Administrative Agent or such Lender on or with respect to any payment by or on account of any obligation of the Borrower hereunder (including Indemnified Taxes or Other Taxes imposed or
asserted on or attributable to amounts payable under this Section) 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 as to the amount of such payment or liability delivered to the Borrower by a Lender, or by the Administrative Agent on its own behalf or on behalf of a Lender, shall be conclusive
absent manifest error. 
 (d) As soon as practicable after any payment of 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 Code or any treaty to which the United States is a party, with respect to payments under this Agreement shall deliver to the Borrower (with a copy to the Administrative Agent), on or prior to the date on which such Foreign
Lender becomes a Lender or a Participant under this Agreement, such properly completed and executed documentation prescribed by applicable law or reasonably requested by the Borrower as will permit such payments to be made without withholding or at
a reduced rate. Without limiting the generality of the foregoing, each Foreign Lender agrees that it will deliver to the Administrative Agent and the Borrower (or in the case of a Participant, to the Lender from which the related participation shall
have been purchased), as appropriate, two (2) duly completed copies of (i) Internal Revenue Service Form W-8 ECI, or any successor form thereto, certifying that the payments received from the Borrower hereunder are effectively connected
with such Foreign Lender’s conduct of a trade or business in the United States; or (ii) Internal Revenue Service Form W-8 BEN, or any successor form thereto, certifying that such Foreign Lender is entitled to benefits under an income tax
treaty to which the United States is a party which reduces the rate of withholding tax on payments of interest; or (iii) Internal Revenue 

  

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Service Form W-8 BEN, or any successor form prescribed by the Internal Revenue Service, together with a certificate (A) establishing that the payment to
the Foreign Lender qualifies as “portfolio interest” exempt from U.S. withholding tax under Code section 871(h) or 881(c), and (B) stating that (1) the Foreign Lender is not a bank for purposes of Code section 881(c)(3)(A),
or the obligation of the Borrower hereunder is not, with respect to such Foreign Lender, a loan agreement entered into in the ordinary course of its trade or business, within the meaning of that section; (2) the Foreign Lender is not a
10% shareholder of the Borrower within the meaning of Code section 871(h)(3) or 881(c)(3)(B); and (3) the Foreign Lender is not a controlled foreign corporation that is related to the Borrower within the meaning of Code section 881(c)(3)(C); or
(iv) such other Internal Revenue Service forms as may be applicable to the Foreign Lender, including Forms W-8 IMY or W-8 EXP. Each such Foreign Lender shall deliver to the Borrower and the Administrative Agent such forms on or before the date
that it becomes a party to this Agreement (or in the case of a Participant, on or before the date such Participant purchases the related participation). In addition, each such Foreign Lender shall deliver such forms within 10 days after the
obsolescence or invalidity of any form previously delivered by such Foreign Lender. Each such Foreign Lender shall promptly notify the Borrower and the Administrative Agent at any time that it determines that it is no longer in a position to provide
any previously delivered certificate to the Borrower (or any other form of certification adopted by the Internal Revenue Service for such purpose). If a Foreign Lender is entitled to an exemption from or reduction of withholding tax in respect of
payments to be made to such Lender under this Agreement and does not deliver the Internal Revenue Service forms and certificates described in the preceding sentences prior to becoming a party to this Agreement or within ten (10) days after the
obsolescence or invalidity of any previously delivered form, the Borrower shall withhold taxes from payments to such Foreign Lender at the applicable statutory rates and the Borrower shall not be required to pay any additional amount, as a result of
such withholding, provided that all such withholding shall cease upon the delivery by the Foreign Lender to the Borrower and the Administrative Agent of the Internal Revenue Service forms and certificates required to be delivered pursuant to this
Section 2.21(e). 
 Section 2.22. Payments Generally; Pro Rata Treatment; Sharing of Set-offs. 
 (a) The Borrower shall make each payment required to be made by it hereunder (whether of principal, interest, or fees, or of amounts payable under
Section 2.19, 2.20 or 2.21, or otherwise) prior to 12:00 noon (Gainesville, FL time), on the date when due, in immediately available funds, without set-off or counterclaim. Any amounts received after such time on any
date may, in the discretion of the Administrative Agent, be deemed to have been received on the next succeeding Business Day for purposes of calculating interest thereon. All such payments shall be made to the Administrative Agent at the Payment
Office, except payments to be made directly to the Swingline Lender as expressly provided herein and except that payments pursuant to Sections 2.19, 2.20 and 2.21 and 10.3 shall be made directly to the Persons
entitled thereto. The Administrative Agent shall distribute any such payments received by it for the account of any other Person to the appropriate recipient promptly following receipt thereof. If any payment hereunder shall be due on a day that is
not a Business Day, the date for payment shall be extended to the next succeeding Business Day, and, in the case of any payment accruing interest, interest thereon shall be made payable for the period of such extension. All payments hereunder shall
be made in Dollars. 
 (b) If at any time insufficient funds are received by and available to the Administrative Agent to pay fully all
amounts of principal, interest and fees then due hereunder, such funds shall be applied (i) first, towards payment of interest and fees then due hereunder, ratably among the parties entitled thereto in accordance with the amounts of interest
and fees then due to such parties, and (ii) second, towards payment of principal then due hereunder, ratably among the parties entitled thereto in accordance with the amounts of principal then due to such parties. 
  

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 (c) If any Lender shall, by exercising any right of set-of or counterclaim or otherwise, obtain payment
in respect of any principal of or interest on any of its Revolving Loans or Swingline Loans that would result in such Lender receiving payment of a greater proportion of the aggregate amount of its Revolving Loans and Swingline Loans and accrued
interest thereon than the proportion received by any other Lender, then the Lender receiving such greater proportion shall purchase (for cash at face value) participations in the Revolving Loans and Swingline Loans of other Lenders to the extent
necessary so that the benefit of all such payments shall be shared by the Lenders ratably in accordance with the aggregate amount of principal of and accrued interest on their respective Revolving Loans and Swingline Loans; 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 paragraph shall not be construed to apply to any payment made by the Borrower pursuant to and in accordance with the express terms of this Agreement or any payment obtained by a Lender as consideration for the
assignment of or sale of a participation in any of its Loans or Swingline Loans to any assignee or participant, other than to the Borrower or any Subsidiary or Affiliate thereof (as to which the provisions of this paragraph shall apply). The
Borrower consents to the foregoing and agrees, to the extent it may effectively do so under applicable law, that any Lender acquiring a participation pursuant to the foregoing arrangements may exercise against the Borrower rights of set-off and
counterclaim with respect to such participation as fully as if such Lender were a direct creditor of the Borrower in the amount of such participation. 
 (d) 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 or the Issuing Bank, as the case may be,
the amount or amounts due. In such event, if the Borrower has not in fact made such payment, then each of the Lenders, 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 Effective Rate and a rate determined by the
Administrative Agent in accordance with banking industry rules on interbank compensation. 
 (e) If any Lender shall fail to make any payment
required to be made by it pursuant to Section 2.5(b), 2.24(c) or (d), 2.7(b), 2.22(d) or 10.3(d), then the Administrative Agent may, in its discretion (notwithstanding
any contrary provision hereof), apply any amounts thereafter received by the Administrative Agent for the account of such Lender to satisfy such Lender’s obligations under such Sections until all such unsatisfied obligations are fully paid.

 Section 2.23. Mitigation of Obligations; Replacement of Lenders. 
 If any Lender requests compensation under Section 2.19, or if 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 2.21, 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 sole judgment of such Lender, such designation or assignment (i) would 

  

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eliminate or reduce amounts payable under Section 2.19 or Section 2.21, as the case may be, in the future and (ii) 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 costs and expenses incurred by any Lender in connection with such designation or assignment.

 ARTICLE III 
 CONDITIONS PRECEDENT TO LOANS 
 Section 3.1. Conditions To Effectiveness. The obligations of the
Lenders (including the Swingline Lender) to make Loans hereunder shall not become effective until the date on which each of the following conditions is satisfied (or waived in accordance with Section 10.2). 
 (a) The Administrative Agent shall have received all fees and other amounts due and payable on or prior to the Closing Date, including reimbursement or
payment of all out-of-pocket expenses (including reasonable fees, charges and disbursements of counsel to the Administrative Agent) required to be reimbursed or paid by the Borrower hereunder, under any other Loan Document and under any agreement
with the Administrative Agent. 
 (b) The Administrative Agent (or its counsel) shall have received the following in form and substance
reasonably acceptable to Administrative Agent: 
 (i) a counterpart of this Agreement signed by or on behalf of each party
thereto or written evidence satisfactory to the Administrative Agent (which may include telecopy transmission of a signed signature page of this Agreement) that such party has signed a counterpart of this Agreement; 
 (ii) if requested by any Lender, duly executed Notes payable to such Lender; 
 (iii) a Subsidiary Guaranty Agreement and Indemnity and Contribution Agreement duly executed by each Subsidiary which is not a Foreign
Subsidiary; 
 (iv) a duly executed Security Agreement from Borrower granting Administrative Agent a first priority security
interest in the Collateral; 
 (v) a certificate of the Secretary or Assistant Secretary of each Loan Party, attaching and
certifying copies of its bylaws and of the resolutions of its boards of directors, authorizing the execution, delivery and performance of the Loan Documents to which it is a party and certifying the name, title and true signature of each officer of
such Loan Party executing the Loan Documents to which it is a party; 
 (vi) certified copies of the articles of incorporation
or other charter documents of each Loan Party, together with certificates of good standing or existence, as may be available from the Secretary of State of the jurisdiction of incorporation of such Loan Party and each other jurisdiction where such
Loan Party is required to be qualified to do business as a foreign corporation; 
 (vii) a favorable written opinion of
Greenberg Traurig, P.A. counsel to the Loan Parties, addressed to the Administrative Agent and each of the Lenders, and covering such matters relating to the Loan Parties, the Loan Documents and the transactions contemplated therein in the form set
forth in Exhibit 3.1(viii); 
  

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 (viii) a certificate, dated the Closing Date and signed by a Responsible Officer,
confirming compliance with the conditions set forth in paragraphs (a), (b) and (c) of Section 3.2; 
 (ix)
certified copies of all agreements, indentures or notes governing the terms of any Material Indebtedness and all other material agreements, documents and instruments to which any Loan Party or any of its assets are bound; 
 (x) each document (including, without limitation, any Uniform Commercial Code financing statement) required by the Security Agreement or
under law or reasonably requested by the Administrative Agent to be filed, registered or recorded in order to create in favor of the Administrative Agent, for the benefit of the Lenders, a perfected Lien on the Collateral described therein, prior
and superior in right to any other Person (other than with respect to Liens expressly permitted by Section 7.2), shall be in proper form for filing, registration or recordation. 
 (xi) duly executed Notices of Borrowing, if applicable; and 
 (xii) a duly executed funds disbursement agreement. 
 Section 3.2. Each Credit Event. The obligation of each Lender to make a Loan on the occasion of any Borrowing is subject to the satisfaction of the following conditions: 
 (a) at the time of and immediately after giving effect to such Borrowing, no Default or Event of Default shall exist; and 
 (b) all representations and warranties of each Loan Party set forth in the Loan Documents shall be true and correct in all material respects on and as of
the date of such Borrowing, in each case before and after giving effect thereto, except to the extent that any such representation or warranty expressly relates to an earlier date; 
 (c) since the date of the most recent financial statements of the Borrower described in Section 5.1(a), there shall have been no
change which has had or could reasonably be expected to have a Material Adverse Effect; and 
 (d) the Administrative Agent shall have
received such other documents, certificates, information or legal opinions as the Administrative Agent or the Required Lenders may reasonably request, all in form and substance reasonably satisfactory to the Administrative Agent or the Required
Lenders. 
 Each Borrowing shall be deemed to constitute a representation and warranty by the Borrower on the date thereof as to the matters
specified in paragraphs (a), (b) and (c) of this Section 3.2. 
 Section 3.3. Delivery of Documents.
All of the Loan Documents, certificates, legal opinions and other documents and papers referred to in this Article III, unless otherwise specified, shall be delivered to the Administrative Agent for the account of each of the Lenders and, except for
the Notes, in sufficient counterparts or copies for each of the Lenders and shall be in form and substance satisfactory to the Administrative Agent. 
  

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 ARTICLE IV 
 REPRESENTATIONS AND WARRANTIES 
 The Borrower represents and warrants to the Administrative
Agent and each Lender as follows: 
 Section 4.1. Existence; Power. The Borrower and each of its Subsidiaries (i) is
duly organized, validly existing and in good standing as a corporation, partnership or limited liability company under the laws of the jurisdiction of its organization, (ii) has all requisite power and authority to carry on its business as now
conducted, and (iii) is duly qualified to do business, and is in good standing, in each jurisdiction where such qualification is required, except where a failure to be so qualified could not reasonably be expected to result in a Material
Adverse Effect. 
 Section 4.2. Organizational Power; Authorization. The execution, delivery and performance by each Loan
Party of the Loan Documents to which it is a party are within such Loan Party’s organizational powers and have been duly authorized by all necessary organizational, and if required, shareholder, partner or member action. This Agreement has been
duly executed and delivered by the Borrower, and constitutes, and each other Loan Document to which any Loan Party is a party, when executed and delivered by such Loan Party, will constitute, valid and binding obligations of the Borrower or such
Loan Party (as the case may be), enforceable against it in accordance with their respective terms, except as may be limited by applicable bankruptcy, insolvency, reorganization, moratorium, or similar laws affecting the enforcement of
creditors’ rights generally and by general principles of equity. 
 Section 4.3. Governmental Approvals; No
Conflicts. The execution, delivery and performance by the Borrower of this Agreement, and by each Loan Party of the other Loan Documents to which it is a party (a) do not require any consent or approval of, registration or filing with,
or any action by, any Governmental Authority, except those as have been obtained or made and are in full force and effect or where the failure to do so, individually or in the aggregate, could not reasonably be expected to have a Material Adverse
Effect, (b) will not violate any applicable law or regulation or the charter, by-laws or other organizational documents of the Borrower or any of its Subsidiaries or any order of any Governmental Authority, (c) except with respect to other
loans with the Lenders and that certain Loan and Security Agreement dated June 25, 2004 with Merrill Lynch Business Financial Services, Inc. (as same has been amended from time to time, the “ML Loan”), which ML Loan
shall be paid off and terminated at Closing, will not violate or result in a default under any indenture, material agreement or other material instrument binding on the Borrower or any of its Subsidiaries or any of its assets or give rise to a right
thereunder to require any payment to be made by the Borrower or any of its Subsidiaries and (d) will not result in the creation or imposition of any Lien on any asset of the Borrower or any of its Subsidiaries, except Liens (if any) created
under the Loan Documents. 
 Section 4.4. Financial Statements. The Borrower has furnished to each Lender (i) the
audited consolidated balance sheet of the Borrower and its Subsidiaries as of December 31, 2007 and the related consolidated statements of income, shareholders’ equity and cash flows for the fiscal year then ended audited by
McGladrey & Pullen LLP and (ii) the unaudited consolidated balance sheet of the Borrower and its Subsidiaries as at the end of the March 31, 2008, and the related unaudited consolidated statements of income and 

  

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cash flows for the fiscal quarter and year-to-date period then ending, certified by a Responsible Officer. Such financial statements fairly present in all
material respects the consolidated financial condition of the Borrower and its Subsidiaries as of such dates and the consolidated results of operations for such periods in conformity with GAAP consistently applied, subject to year end audit
adjustments and the absence of footnotes in the case of the statements referred to in clause (ii). Since December 31, 2007 there have been no changes with respect to the Borrower and its Subsidiaries which have had or could reasonably be
expected to have, singly or in the aggregate, a Material Adverse Effect. 
 Section 4.5. Litigation and Environmental
Matters. 
 (a) Except as disclosed in the electronic reports publicly available and filed by the Borrower with the Securities and
Exchange Commission pursuant to the Securities Exchange Act of 1934, as amended, no litigation, investigation or proceeding of or before any arbitrators or Governmental Authorities is pending against or, to the knowledge of the Borrower, threatened
against or affecting the Borrower or any of its Subsidiaries (i) as to which there is a reasonable possibility of an adverse determination that could reasonably be expected to have, either individually or in the aggregate, a Material Adverse
Effect or (ii) which in any manner draws into question the validity or enforceability of this Agreement or any other Loan Document. 
 (b) To the best knowledge of the Borrower, neither the Borrower nor any of its Subsidiaries (i) has failed to comply with any Environmental Law or to obtain, maintain or comply with any permit, license or other approval required under
any Environmental Law, (ii) has received during the past five years notice of any claim with respect to any Environmental Liability or (iii) knows of any reasonable basis for any Environmental Liability, except for such failures to comply
or Environmental Liabilities that, either singly or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect. 
 Section 4.6. Compliance with Laws and Agreements. The Borrower and each Subsidiary is in compliance with (a) all applicable laws, rules, regulations and orders of any Governmental Authority, and (b) all
indentures, agreements or other instruments binding upon it or its properties, except where non-compliance, either singly or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect. 
 Section 4.7. Investment Company Act, Etc. Neither the Borrower nor any of its Subsidiaries is (a) an “investment
company”, or is “controlled” by an “investment company”, as such terms are defined in, or subject to regulation under, the Investment Company Act of 1940, as amended, (b) a “holding company” as defined in, or
subject to regulation under, the Public Utility Holding Company Act of 1935, as amended or (c) otherwise subject to any other regulatory scheme limiting its ability to incur debt. 
 Section 4.8. Taxes. The Borrower, its Subsidiaries and each other Person for whose taxes the Borrower or any Subsidiary could become
liable have timely filed or caused to be filed all Federal income tax returns and all other material tax returns that are required to be filed by them, and have paid all taxes shown to be due and payable on such returns or on any assessments made
against it or its property and all other taxes, fees or other charges imposed on it or any of its property by any Governmental Authority, except (i) to the extent the failure to do so would not have a Material Adverse Effect or (ii) where
the same are currently being contested in good faith by appropriate proceedings and for which the Borrower or such Subsidiary, as the case may be, has set aside on its books adequate reserves in accordance with GAAP. 
  

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 Section 4.9. Margin Regulations. None of the proceeds of any of the Loans will be
used, directly or indirectly, for “purchasing” or “carrying” any “margin stock” with the respective meanings of each of such terms under Regulation U of the Board of Governors of the Federal Reserve System as now
and from time to time hereafter in effect or for any purpose that violates the provisions of the Regulation U. Neither the Borrower nor its Subsidiaries is engaged principally, or as one of its important activities in the business of extending
credit for the purpose of purchasing or carrying “margin stock.” 
 Section 4.10. ERISA. No ERISA Event has
occurred or is reasonably expected to occur that, when taken together with all other such ERISA Events for which liability is reasonably expected to occur, could reasonably be expected to result in a Material Adverse Effect. The present value of all
accumulated benefit obligations under each Plan (based on the assumptions used for purposes of Statement of Financial Standards No. 87) did not, as of the date of the most recent financial statements reflecting such amounts, exceed the fair
market value of the assets of such Plan, and the present value of all accumulated benefit obligations of all underfunded Plans (based on the assumptions used for purposes of Statement of Financial Standards No. 87) did not, as of the date of
the most recent financial statements reflecting such amounts, exceed the fair market value of the assets of all such underfunded Plans. 
 Section 4.11. Ownership of Property. 
 (a) Each of the Borrower and its Subsidiaries has good title to, or
valid leasehold interests in, all of its real and personal property material to the operation of its business , including all such properties reflected in the most recent audited consolidated balance sheet of the Borrower referred to in
Section 4.4 or purported to have been acquired by the Borrower or any Subsidiary after said date (except as sold or otherwise disposed of in the ordinary course of business), in each case free and clear of Liens other than Liens
permitted by this Agreement. All leases that individually or in the aggregate are material to the business or operations of the Borrower and its Subsidiaries are valid and subsisting and are in full force, except for such invalidities which
individually or in the aggregate are not reasonably likely to have a Material Adverse Effect. 
 (b) Each of the Borrower and its
Subsidiaries owns, or is licensed, or otherwise has the right, to use, all patents, trademarks, service marks, tradenames, copyrights and other intellectual property material to its business, and to the knowledge of the Borrower, the use thereof by
the Borrower and its Subsidiaries does not infringe on the rights of any other Person, except for any such infringements that, individually or in the aggregate, would not have a Material Adverse Effect. 
 (c) The properties of the Borrower and its Subsidiaries are insured with financially sound and reputable insurance companies which are not Affiliates of
the Borrower, in such amounts with such deductibles and covering such risks as are customarily carried by companies engaged in similar businesses and owning similar properties in localities where the Borrower or any applicable Subsidiary operates.

 Section 4.12. Disclosure. The Borrower has disclosed to the Lenders all agreements, instruments, and corporate or other
restrictions to which the Borrower or any of its Subsidiaries is subject, and all other matters known to any of them, that, individually or in the aggregate, could reasonably be expected to result in a Material Adverse Effect. None of the reports
(including without limitation all reports that the Borrower is required to file with the Securities and Exchange Commission), financial statements, 

  

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certificates or other information furnished by or on behalf of the Borrower to the Administrative Agent or any Lender in connection with the negotiation or
syndication of this Agreement or any other Loan Document or delivered hereunder or thereunder (as modified or supplemented by any other information so furnished) contains any material misstatement of fact or omits to state any material fact
necessary to make the statements therein, taken as a whole, in light of the circumstances under which they were made, not misleading. 
 Section 4.13. Labor Relations. There are no strikes, lockouts or other material labor disputes or grievances against the Borrower or any of its Subsidiaries, or, to the Borrower’s knowledge, threatened against or
affecting the Borrower or any of its Subsidiaries, and no significant unfair labor practice, charges or grievances are pending against the Borrower or any of its Subsidiaries, or to the Borrower’s knowledge, threatened against any of them
before any Governmental Authority, except for such disputes, charges or grievances that could not reasonably be expected to have a Material Adverse Effect. All payments due from the Borrower or any of its Subsidiaries pursuant to the provisions of
any collective bargaining agreement have been paid or accrued as a liability on the books of the Borrower or any such Subsidiary, except where the failure to do so could not reasonably be expected to have a Material Adverse Effect. 
 Section 4.14. Subsidiaries. Schedule 4.14 sets forth the name of, the ownership interest of the Borrower in, the jurisdiction of
incorporation of, and the type of, each Subsidiary and identifies each Subsidiary that is a Subsidiary Loan Party, in each case as of the Closing Date. 
 Section 4.15. Insolvency. After giving effect to the execution and delivery of the Loan Documents, the making of the Loans under this Agreement, neither the Borrower nor its Subsidiaries will be
“insolvent,” within the meaning of such term as defined in § 101 of Title 11 of the United States Code, as amended from time to time, or be unable to pay its debts generally as such debts become due, or have an unreasonably small
capital to engage in any business or transaction, whether current or contemplated. 
 Section 4.16. [INTETIONALLY DELETED]

 Section 4.17. OFAC. No Loan Party (i) is a person whose property or interest in property is blocked or subject to
blocking pursuant to Section 1 of Executive Order 13224 of September 23, 2001 Blocking Property and Prohibiting Transactions With Persons Who Commit, Threaten to Commit, or Support Terrorism (66 Fed. Reg. 49079 (2001)), (ii) engages
in any dealings or transactions prohibited by Section 2 of such executive order, or is otherwise associated with any such person in any manner violative of Section 2, or (iii) is a person on the list of Specially Designated Nationals
and Blocked Persons or subject to the limitations or prohibitions under any other U.S. Department of Treasury’s Office of Foreign Assets Control regulation or executive order. 
 Section 4.18. Patriot Act. Each Loan Party is in compliance, in all material respects, with (i) the Trading with the Enemy Act,
as amended, and each of the foreign assets control regulations of the United States Treasury Department (31 CFR, Subtitle B, Chapter V, as amended) and any other enabling legislation or executive order relating thereto, and (ii) the Uniting And
Strengthening America By Providing Appropriate Tools Required To Intercept And Obstruct Terrorism (USA Patriot Act of 2001). No part of the proceeds of the Loans will be used, directly or indirectly, for any payments to any governmental official or
employee, political party, official of a political party, candidate for political office, or anyone else acting in an official capacity, in order to obtain, retain or direct business or obtain any improper advantage, in violation of the United
States Foreign Corrupt Practices Act of 1977, as amended. 
  

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 ARTICLE V 
 AFFIRMATIVE COVENANTS 
 The Borrower covenants and agrees that so long as any Lender has a
Commitment hereunder or the principal of and interest on any Loan or any fee remains unpaid: 
 Section 5.1. Financial
Statements and Other Information. Except to the extent any of the following information is available publicly and electronically from the Securities and Exchange Commission, the Borrower will deliver to the Administrative Agent and each
Lender: 
 (a) as soon as available and in any event within 90 days after the end of each fiscal year of Borrower, a copy of the annual
audited report for such fiscal year for the Borrower and its Subsidiaries, containing a consolidated balance sheet of the Borrower and its Subsidiaries as of the end of such fiscal year and the related consolidated statements of income,
stockholders’ equity and cash flows (together with all footnotes thereto) of the Borrower and its Subsidiaries for such fiscal year, setting forth in each case in comparative form the figures for the previous fiscal year, all in reasonable
detail and reported on by McGladrey & Pullen LLP or other independent public accountants of nationally recognized standing (without a “going concern” or like qualification, exception or explanation and without any qualification or
exception as to scope of such audit) to the effect that such financial statements present fairly in all material respects the financial condition and the results of operations of the Borrower and its Subsidiaries for such fiscal year on a
consolidated basis in accordance with GAAP and that the examination by such accountants in connection with such consolidated financial statements has been made in accordance with generally accepted auditing standards; 
 (b) as soon as available and in any event within 45 days after the end of each of the first three fiscal quarters of each fiscal year of the Borrower, an
unaudited consolidated balance sheet of the Borrower and its Subsidiaries as of the end of such fiscal quarter and the related unaudited consolidated statements of income and cash flows of the Borrower and its Subsidiaries for such fiscal quarter
and the then elapsed portion of such fiscal year, setting forth in each case in comparative form the figures for the corresponding quarter and the corresponding portion of Borrower’s previous fiscal year, all certified by the chief financial
officer or treasurer of the Borrower as presenting fairly in all material respects the financial condition and results of operations of the Borrower and its Subsidiaries on a consolidated basis in accordance with GAAP, subject to normal year-end
audit adjustments and the absence of footnotes; 
 (c) concurrently with the delivery of the financial statements referred to in
clauses (a) and (b) above, a certificate signed by the principal executive officer and the principal financial officer of the Borrower (a “Compliance Certificate”) substantially in the form attached as Exhibit
5.1(c) (i) certifying as to whether there exists a Default or Event of Default on the date of such certificate, and if a Default or an Event of Default then exists, specifying the details thereof and the action which the Borrower has taken
or proposes to take with respect thereto, (ii) setting forth in reasonable detail calculations demonstrating compliance with Article VI and (iii) stating whether any change in GAAP or the application thereof has occurred since the
date of the Borrower’s audited financial statements referred to in Section 4.4 and, if any change has occurred, specifying the effect of such change on the financial statements accompanying such certificate; 
 (d) promptly after the same become publicly available, copies of all periodic and other reports, proxy statements and other materials filed with the
Securities and Exchange Commission, or any Governmental Authority succeeding to any or all functions of said Commission, or with any national securities exchange, or distributed by the Borrower to its shareholders generally, as the case may be;

  

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 (e) not less than ten (10) days prior to such change, written notice of any change (i) in any
Loan Party’s corporate name, (ii) in the jurisdiction of organization or formation of any Loan Party, (iii) in any Loan Party’s identity or form of organization or (iv) in any Loan Party’s Federal Taxpayer
Identification Number. The Borrower also agrees promptly to notify the Administrative Agent if any material portion of the Collateral is damaged or destroyed; and 
 (f) promptly following any request therefor by the Administrative Agent or any Lender and subject to applicable law and regulations, such other information regarding the results of operations, business affairs and
financial condition of the Borrower or any Subsidiary as the Administrative Agent or any Lender may reasonably request. 
 Section 5.2. Notices of Material Events. The Borrower will furnish to the Administrative Agent and each Lender written notice of the following events promptly after Borrower becomes aware of such event: 
 (a) the occurrence of any Default or Event of Default; 
 (b) the filing or commencement of any action, suit or proceeding by or before any arbitrator or Governmental Authority against or, to the knowledge of the Borrower, affecting the Borrower or any Subsidiary which, if
adversely determined, could reasonably be expected to result in a Material Adverse Effect; 
 (c) the occurrence of any event or any other
development by which the Borrower or any of its Subsidiaries (i) fails to comply with any Environmental Law or to obtain, maintain or comply with any permit, license or other approval required under any Environmental Law, (ii) becomes
subject to any Environmental Liability, (iii) receives notice of any claim with respect to any Environmental Liability, or (iv) becomes aware of any basis for any Environmental Liability and in each of the preceding clauses, which
individually or in the aggregate, could reasonably be expected to result in a Material Adverse Effect; 
 (d) the occurrence of any ERISA
Event that alone, or together with any other ERISA Events that have occurred, could reasonably be expected to result in liability of the Borrower and its Subsidiaries in an aggregate amount exceeding $1,000,000; and 
 (e) any other development that results in, or could reasonably be expected to result in, a Material Adverse Effect. 
 Each notice delivered under this Section shall be accompanied by a written statement of a Responsible Officer setting forth the details of the event or
development requiring such notice and any action taken or proposed to be taken with respect thereto. 
 Section 5.3. Existence;
Conduct of Business. The Borrower will, and will cause each of its Subsidiaries to, do or cause to be done all things necessary to preserve, renew and maintain in full force and effect its legal existence and its respective rights, licenses,
permits, privileges, franchises, patents, copyrights, trademarks and trade names material to the conduct of its business and will continue to engage in the same business as presently conducted or such other businesses that are reasonably related
thereto; provided, that nothing in this Section shall prohibit any merger, consolidation, liquidation or dissolution permitted under Section 7.3. 
  

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 Section 5.4. Compliance with Laws, Etc. The Borrower will, and will cause each of its
Subsidiaries to, comply with all laws, rules, regulations and requirements of any Governmental Authority applicable to its properties, except where the failure to do so, either individually or in the aggregate, could not reasonably be expected to
result in a Material Adverse Effect. 
 Section 5.5. Payment of Obligations. The Borrower will, and will cause each of its
Subsidiaries to, pay and discharge at or before maturity, all of its obligations and liabilities (including without limitation all tax liabilities and claims that could result in a statutory Lien) before the same shall become delinquent or in
default, except where (a) the validity or amount thereof is being contested in good faith by appropriate proceedings, (b) the Borrower or such Subsidiary has set aside on its books adequate reserves with respect thereto in accordance with
GAAP and (c) the failure to make payment pending such contest could not reasonably be expected to result in a Material Adverse Effect. 
 Section 5.6. Books and Records. The Borrower will, and will cause each of its Subsidiaries to, keep proper books of record and account in which full, true and correct entries shall be made of all dealings and transactions
in relation to its business and activities to the extent necessary to prepare the consolidated financial statements of Borrower in conformity with GAAP. 
 Section 5.7. Visitation, Inspection, Etc. The Borrower will, and will cause each of its Subsidiaries to, permit any representative of the Administrative Agent or any Lender, to visit and inspect its
properties, to examine its books and records and to make copies and take extracts therefrom, and to discuss its affairs, finances and accounts with any of its officers and with its independent certified public accountants, all at such reasonable
times and as often as the Administrative Agent or any Lender may reasonably request after reasonable prior notice to the Borrower. So long as no Default or Event of Default exists, such inspections and visits shall be made and the expense of the
Administrative Agent or any such Lender. The provisions of this Section 5.7 shall not be deemed to alter or revise any provision set forth in the Security Agreement regarding inspection of Collateral. 
 Section 5.8. Maintenance of Properties; Insurance. The Borrower will, and will cause each of its Subsidiaries to, (a) keep and
maintain all property material to the conduct of its business in good working order and condition, ordinary wear and tear except where the failure to do so, either individually or it the aggregate, could not reasonably be expected to result in a
Material Adverse Effect and (b) maintain with financially sound and reputable insurance companies, insurance with respect to its properties and business, and the properties and business of its Subsidiaries, against loss or damage of the kinds
customarily insured against by companies in the same or similar businesses operating in the same or similar locations. 
 Section 5.9. Use of Proceeds. The Borrower will use the proceeds of all Loans to finance working capital needs, Permitted Acquisitions, Capital Expenditures, the refinance of existing debt and for other general corporate
purposes of the Borrower and its Subsidiaries (excluding its Foreign Subsidiaries). No part of the proceeds of any Loan will be used, whether directly or indirectly, for any purpose that would violate any rule or regulation of the Board of Governors
of the Federal Reserve System, including Regulations T, U or X. The proceeds of the Loans may not be used for Foreign Subsidiaries except (a) as expressly set forth in Article VII [including, without limitation, Section 7.4(c)], or
(b) if Borrower makes a Foreign Loan Party Election. If at any time during the term of this Agreement, the Borrower desires to lift the restrictions on disbursement of Loan proceeds to any particular Foreign 

  

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Subsidiary, then Borrower shall so notify Administrative Agent and comply with the requirements of Sections 5.11 and 5.12 herein as if such Foreign
Subsidiary were being acquired or formed as a domestic subsidiary, whereupon such Foreign Subsidiary shall be treated thereafter as a Loan Party under this Credit Agreement and treated as though it is not a Foreign Subsidiary for purposes of the
covenants set forth herein (a “Foreign Loan Party Election”). If any such Foreign Subsidiary cannot execute and deliver a Subsidiary Guaranty due to adverse tax consequences to Borrower, Borrower may alternatively pledge
to Administrative Agent for the benefit of Lenders the maximum amount of such Foreign Subsidiary’s capital stock which is permitted under the Code without resulting in negative tax consequences to Borrower, so long as the amount pledged equals
or exceeds fifty-one percent (51%) of the voting equity interests in such Foreign Subsidiary, whereupon such Foreign Subsidiary shall be treated thereafter as a Loan Party under this Credit Agreement and treated as though it is not a Foreign
Subsidiary for purposes of the covenants set forth herein. If Borrower cannot execute and deliver a Subsidiary Guaranty or a pledge as set forth hereinabove, then Borrower, Administrative Agent and the Required Lenders (to the extent applicable)
shall mutually determine what additional collateral or security may be given to Lenders in exchange for the ability to disburse Loan proceeds to such Foreign Subsidiary. 
 Section 5.10. Interest Rate Protection. The Borrower may from time to time, upon notice to the Administrative Agent, enter into one or more Hedging Agreements on such terms and with such parties as
shall be reasonably satisfactory to the Administrative Agent, the effect of which shall be to fix or limit the interest cost to the Borrower with respect to at least 50% of all floating rate Indebtedness of the Borrower and the Subsidiaries. In the
event any such Hedge Agreement (issued by Agent, any of the Lenders, or any affiliate of Agent or the Lenders) is not terminated prior to the Revolving Loan being terminated or satisfied, the Borrower shall cash collateralize and secure said Hedge
Agreement. 
 Section 5.11. Additional Subsidiaries. If any Subsidiary is acquired or formed after the Closing Date, the
Borrower will promptly notify the Administrative Agent and the Lenders thereof and, within ten (10) Business Days after any such Subsidiary is acquired or formed, will cause such Subsidiary (excluding any Foreign Subsidiary) to become a
Subsidiary Loan Party. A Subsidiary (other than a Foreign Subsidiary) shall become an additional Subsidiary Loan Party by executing and delivering to the Administrative Agent a Subsidiary Guaranty, a Security Agreement and such other Security
Documents as are required by Section 5.12, accompanied by (i) all other Loan Documents related thereto, (ii) certified copies of certificates or articles of incorporation or organization, by-laws, membership operating agreements, and
other organizational documents, appropriate authorizing resolutions of the board of directors of such Subsidiaries, and opinions of counsel comparable to those delivered pursuant to Section 3.1, and (iii) such other documents as the
Administrative Agent may reasonably request. So long as any Lender has a Commitment hereunder or the principal of or interest on any Loan remains unpaid or any cost, fee or charge remains unpaid, no Subsidiary that becomes a Subsidiary Loan Party
shall thereafter cease to be a Subsidiary Loan Party or be entitled to be released or discharged from its obligations under the Subsidiary Guaranty Agreement or its respective Security Agreement (if any). 
 Section 5.12. Further Assurances. The Borrower will, and will cause each of its Subsidiaries to, execute any and all further
documents, financing statements, agreements and instruments, and take all further action (including filing Uniform Commercial Code and other financing statements, and preparing all documentation relating to filings under the Assignment of Claims
Act) that may be required under applicable law, or that the Required Lenders or the Administrative Agent may reasonably request, in order to effectuate the transactions contemplated by the Loan Documents and in order to grant, preserve, protect and
perfect the validity and 

  

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first priority of the security interests created or intended to be created by the Security Documents; provided, however, that notwithstanding anything else
to the contrary in the Loan Documents, none of the Loan Parties shall be required to make filings under the Assignment of Claims Act for the assignment of Government Contracts to the Administrative Agent unless (a) such Government Contract
constitutes a Material Contract and (b) the Administrative Agent shall have requested, in its reasonable discretion, that a filing under the Assignment of Claims Act be made with respect to such Government Contract. The Borrower will cause any
subsequently acquired or organized Subsidiary (except a Foreign Subsidiary) to become a Loan Party by executing the Security Agreement and each applicable Security Document in favor of the Administrative Agent. In addition, from time to time, the
Borrower will, at its cost and expense, promptly secure the Obligations by pledging or creating, or causing to be pledged or created, perfected security interests with respect to such of its assets and properties as the Administrative Agent or the
Required Lenders shall designate (it being understood that it is the intent of the parties that the Obligations shall be secured by substantially all the assets of the Borrower and its Subsidiaries (including properties acquired subsequent to the
Closing Date)). Such security interests and Liens will be created under the Security Documents and other security agreements, and other instruments and documents in form and substance reasonably satisfactory to the Administrative Agent, and the
Borrower shall deliver or cause to be delivered to the Lenders all such instruments and documents (including legal opinions, title insurance policies and lien searches) as the Administrative Agent shall reasonably request to evidence compliance with
this Section 5.12. The Borrower agrees to provide such evidence as the Administrative Agent shall reasonably request as to the perfection and priority status of each such security interest and Lien. 
 Section 5.13. Primary Operating Account. The Borrower will, and will cause each Loan Party to, maintain its primary operating deposit
accounts with the Administrative Agent. 
 Section 5.14. Security Documents. The Security Agreement, upon execution and
delivery thereof by the parties thereto, will create in favor of the Administrative Agent, for the ratable benefit of the Lenders, a legal, valid and enforceable security interest in the Collateral (as defined in the Security Agreement) and the
proceeds thereof, in which a security interest may be perfected under the Florida Uniform Commercial Code as in effect at the relevant time by filing of financing statements or obtaining control or possession, and the Lien created under the Security
Agreement is (or will be, upon the filing of appropriate financing statements, the execution of appropriate control agreements and delivery of certificated securities and instruments to the Administrative Agent) a fully perfected Lien on, and
security interest in, all right, title and interest of the Loan Parties in such Collateral), in each case prior and superior in right to any other person, other than with respect to Liens permitted by Section 7.2. Notwithstanding anything
stated herein to the contrary, absent mutual agreement between the Borrower, the Administrative Agent and the Required Lenders (to the extent applicable), in no event shall Borrower or any Subsidiary be required to grant a mortgage with respect to
any real property owned by Borrower or any Subsidiary. 
 ARTICLE VI 
 FINANCIAL COVENANTS 
 The Borrower covenants and agrees that so long as
any Lender has a Commitment hereunder or the principal of or interest on or any Loan remains unpaid or any fee remains unpaid: 
 Section 6.1. Leverage Ratio. The Borrower shall have, as of the end of each fiscal quarter of the Borrower, commencing with the fiscal quarter ending June 30, 2008, a Leverage Ratio of not greater than 2.5:1.0.

  

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 Section 6.2. Fixed Charge Coverage Ratio. If the Borrower’s Leverage Ratio at the
time of any testing, is greater than 1.0:1.0, then Borrower’ Fixed Charge Coverage Ratio shall be tested for the same fiscal quarter for which the Leverage Ratio was greater than 1.0:1.0, and such Fixed Charge Coverage Ratio shall not be less
than 1.00 to 1:00. 
 ARTICLE VII 
 NEGATIVE COVENANTS 
 The Borrower covenants and agrees that so long as any Lender has a Commitment hereunder or the
principal of or interest on any Loan remains unpaid or any fee remains unpaid: 
 Section 7.1. Indebtedness. The Borrower
will not, and will not permit any of its Subsidiaries to, create, incur, assume or suffer to exist any Indebtedness, except: 
 (a)
Indebtedness created pursuant to the Loan Documents; 
 (b) Indebtedness existing on the date hereof and set forth on
Schedule 7.1 and extensions, renewals and replacements of any such Indebtedness that do not increase the outstanding principal amount thereof (immediately prior to giving effect to such extension, renewal or replacement) or shorten the
maturity or the weighted average life thereof; 
 (c) Indebtedness of the Borrower or any Subsidiary incurred to finance the acquisition,
construction or improvement of any fixed or capital assets, including Capital Lease Obligations and any Indebtedness assumed in connection with the acquisition of any such assets or secured by a Lien on any such assets prior to the acquisition
thereof; provided, that such Indebtedness is incurred prior to or within 90 days after such acquisition or the completion of such construction or improvements or extensions, renewals, and replacements of any such Indebtedness that do not increase
the outstanding principal amount thereof (immediately prior to giving effect to such extension, renewal or replacement) or shorten the maturity or the weighted average life thereof; provided further, that the aggregate principal amount of such
Indebtedness of Borrower and its Subsidiaries does not exceed Seven Million Dollars ($7,000,000.00) at any time outstanding; 
 (d)
Indebtedness of the Borrower owing to any Subsidiary (other than a Foreign Subsidiary) and of any Subsidiary owing to the Borrower or any other Subsidiary (other than a Foreign Subsidiary); provided, that any such Indebtedness that is owed to a
Subsidiary that is not a Subsidiary Loan Party shall be subject to Section 7.4; 
 (e) Guarantees by the Borrower of Indebtedness
of any Subsidiary and by any Subsidiary of Indebtedness of the Borrower or any other Subsidiary; provided, that Guarantees by any Loan Party of Indebtedness of any Subsidiary that is not a Subsidiary Loan Party shall be subject to
Section 7.4; 
 (f) Indebtedness of any Person which becomes a Subsidiary after the date of this Agreement; provided, that
(i) such Indebtedness exists at the time that such Person becomes a Subsidiary and is not created in contemplation of or in connection with such Person becoming a Subsidiary and (ii) the aggregate principal amount of such Indebtedness
permitted hereunder shall not exceed $1,000,000 outstanding at any time; 
  

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 (g) Indebtedness in respect of obligations under Hedging Agreements permitted by
Section 7.10; 
 (h) Indebtedness incurred in connection with the financing of Borrower’s and its Subsidiaries’
insurance premiums in the ordinary course of business, and 
 (i) other unsecured Indebtedness in an aggregate principal amount not to exceed
One Million Dollars ($1,000,000.00) at any time outstanding. 
 Section 7.2. Negative Pledge. The Borrower will not, and
will not permit any of its Subsidiaries to, create, incur, assume or suffer to exist any Lien on any of its assets or property now owned or hereafter acquired or, except: 
 (a) Liens created in favor of the Administrative Agent for the benefit of the Lenders pursuant to the Loan Documents; 
 (b) Permitted Encumbrances; 
 (c) any Liens on any property or asset of the Borrower or any Subsidiary
existing on the Closing Date set forth on Schedule 7.2; provided, that such Lien shall not apply to any other property or asset of the Borrower or any Subsidiary; 
 (d) purchase money Liens upon or in any fixed or capital assets to secure the purchase price or the cost of construction or improvement of such fixed or
capital assets or to secure Indebtedness incurred solely for the purpose of financing the acquisition, construction or improvement of such fixed or capital assets (including Liens securing any Capital Lease Obligations); provided, that
(i) such Lien secures Indebtedness permitted by Section 7.1(c), (ii) such Lien attaches to such asset concurrently or within 90 days after the acquisition, improvement or completion of the construction thereof;
(iii) such Lien does not extend to any other asset; and (iv) the Indebtedness secured thereby does not exceed the cost of acquiring, constructing or improving such fixed or capital assets; 
 (e) purchase money Liens on insurance policies for the Borrower and/or its Subsidiaries securing Indebtedness for the premiums therefor; 
 (f) any Lien (i) existing on any asset of any Person at the time such Person becomes a Subsidiary of the Borrower, (ii) existing on any asset
of any Person at the time such Person is merged with or into the Borrower or any Subsidiary of the Borrower or (iii) existing on any asset prior to the acquisition thereof by the Borrower or any Subsidiary of the Borrower; provided, that
any such Lien was not created in the contemplation of any of the foregoing and any such Lien secures only those obligations which it secures on the date that such Person becomes a Subsidiary or the date of such merger or the date of such
acquisition; and 
 (g) extensions, renewals, or replacements of any Lien referred to in paragraphs (a) through (e) of this
Section; provided, that the principal amount of the Indebtedness secured thereby is not increased and that any such extension, renewal or replacement is limited to the assets originally encumbered thereby. 
  

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 Section 7.3. Fundamental Changes. 
 (a) The Borrower will not, and will not permit any Subsidiary to, merge into or consolidate into any other Person, or permit any other Person to merge
into or consolidate with it, or sell, lease, transfer or otherwise dispose of (in a single transaction or a series of related transactions) all or substantially all of its assets (in each case, whether now owned or hereafter acquired) or all or
substantially all of the stock of any of its Subsidiaries (in each case, whether now owned or hereafter acquired) or liquidate or dissolve; provided, that if at the time thereof and immediately after giving effect thereto, no Default or Event
of Default shall have occurred and be continuing (i) the Borrower or any Subsidiary may merge with a Person if the Borrower (or such Subsidiary if the Borrower is not a party to such merger) is the surviving Person, (ii) any Subsidiary may
merge into another domestic Subsidiary but not into a Foreign Subsidiary; provided, that if any party to such merger is a Subsidiary Loan Party, the Subsidiary Loan Party shall be the surviving Person, (iii) any Subsidiary may sell, transfer,
lease or otherwise dispose of all or substantially all of its assets to the Borrower or to a Subsidiary Loan Party and (iv) any Subsidiary (other than a Subsidiary Loan Party) may liquidate or dissolve if the Borrower determines in good faith
that such liquidation or dissolution is in the best interests of the Borrower and is not materially disadvantageous to the Lenders; provided, that any such merger involving a Person that is not a wholly-owned Subsidiary immediately prior to such
merger shall not be permitted unless also permitted by Section 7.4. 
 (b) The Borrower will not, and will not permit any of its
Subsidiaries to, engage to any material extent in any business other than businesses of the type conducted by the Borrower and its Subsidiaries on the date hereof and businesses reasonably related thereto. 
 Section 7.4. Investments, Loans, Etc. The Borrower will not, and will not permit any of its Subsidiaries to, purchase, hold or acquire
(including pursuant to any merger with any Person that was not a wholly-owned Subsidiary prior to such merger), any common stock, evidence of indebtedness or other securities (including any option, warrant, or other right to acquire any of the
foregoing) of, make or permit to exist any loans or advances to, Guarantee any obligations of, or make or permit to exist any investment or any other interest in, any other Person (all of the foregoing being collectively called
“Investments”), or purchase or otherwise acquire (in one transaction or a series of related transactions) any assets of any other Person that constitute a business unit, except: 
 (a) Investments (other than Permitted Investments) existing on the date hereof and set forth on Schedule 7.4 (including Investments in
Subsidiaries); 
 (b) Permitted Investments; 
 (c) Loans or Investments made by the Borrower in or to any Subsidiary and by any Subsidiary to the Borrower or in or to another Subsidiary; provided, that the aggregate amount of Loans and Investments by
Loan Parties in or to any Subsidiary (including all such Investments and Guarantees existing on the Closing Date) shall not exceed $7,000,000 at any time outstanding, and if the Subsidiary is a Foreign Subsidiary, in no event shall all of such Loans
or Investments exceed $1,000,000; 
 (d) loans or advances to employees, officers or directors of the Borrower or any Subsidiary in the
ordinary course of business for travel, relocation and related expenses; 
 (e) Hedging Agreements permitted by Section 7.10;

  

 41 

 (f) Permitted Acquisitions; provided, however, that the aggregate value of the sum of
current and deferred cash and securities to be paid and issued, plus Indebtedness paid or assumed, in connection with Permitted Acquisitions involving the acquisition of a minority share of the capital stock or other equity interests of a Person or
business shall not exceed $7,000,000 in any fiscal year of the Borrower, unless otherwise approved by the Administrative Agent and the Required Lenders; and 
 (g) Other Investments which in the aggregate do not exceed $1,000,000 during any two consecutive calendar quarters. 
 The
term “Investments” shall not include any Loan Party’s entering into licensing agreements for the use by any Loan Party of technology or intellectual property. 
 Section 7.5. Restricted Payments. The Borrower will not, and will not permit its Subsidiaries to, declare or make, or agree to pay or
make, directly or indirectly, any dividend on any class of its stock, or make any payment on account of, or set apart assets for a sinking or other analogous fund for, the purchase, redemption, retirement, defeasance or other acquisition of, any
shares of common stock or Indebtedness subordinated to the Obligations of the Borrower or any options, warrants, or other rights to purchase such common stock or such Indebtedness, whether now or hereafter outstanding (each, a “Restricted
Payment”), except for (i) dividends payable by the Borrower solely in shares of any class of its common stock, (ii) Restricted Payments made by any Subsidiary to the Borrower or to another Subsidiary Loan Party and
(iii) cash dividends paid on, and cash redemptions of, the common stock of the Borrower (each, a “Permitted Dividend Payment”); provided, that (i) no Default or Event of Default has occurred and
is continuing at the time such dividend is paid or redemption is made. 
 Section 7.6. Sale of Assets. The Borrower will
not, and will not permit any of its Subsidiaries to, convey, sell, lease, assign, transfer or otherwise dispose of, any of its assets, business or property, whether now owned or hereafter acquired, or, in the case of any Subsidiary, issue or sell
any shares of such Subsidiary’s common stock to any Person other than the Borrower or a Subsidiary Loan Party (or to qualify directors if required by applicable law), except: 
 (a) the sale or other disposition for fair market value of obsolete or worn out property or other property not necessary for operations disposed of in the
ordinary course of business; 
 (b) the sale of inventory and Permitted Investments in the ordinary course of business; and 
 (c) the sale or other disposition of such assets in an aggregate amount not to exceed $500,000 in any fiscal year of the Borrower. 
 Section 7.7. Transactions with Affiliates. The Borrower will not, and will not permit any of its Subsidiaries to, sell, lease or
otherwise transfer any property or assets to, or purchase, lease or otherwise acquire any property or assets from, or otherwise engage in any other transactions with, any of its Affiliates, except (a) in the ordinary course of business at
prices and on terms and conditions not less favorable to the Borrower or such Subsidiary than could be obtained on an arm’s-length basis from unrelated third parties, (b) transactions between or among the Borrower and its Subsidiaries not
involving any other Affiliates and (c) any Restricted Payment permitted by Section 7.5. 
  

 42 

 Section 7.8. Restrictive Agreements. The Borrower will not, and will not permit any
Subsidiary to, directly or indirectly, enter into, incur or permit to exist any agreement that prohibits, restricts or imposes any condition upon (a) the ability of the Borrower or any Subsidiary to create, incur or permit any Lien upon any of
its assets or properties, whether now owned or hereafter acquired, or (b) the ability of any Subsidiary to pay dividends or other distributions with respect to its common stock, to make or repay loans or advances to the Borrower or any other
Subsidiary, to Guarantee Indebtedness of the Borrower or any other Subsidiary or to transfer any of its property or assets to the Borrower or any Subsidiary of the Borrower; provided, that (i) the foregoing shall not apply to
restrictions or conditions imposed by law or by this Agreement or any other Loan Document, (ii) the foregoing shall not apply to customary restrictions and conditions contained in agreements relating to the sale of a Subsidiary pending such
sale, provided such restrictions and conditions apply only to the Subsidiary that is sold and such sale is permitted hereunder, (iii) clause (a) shall not apply to restrictions or conditions imposed by any agreement relating to secured
Indebtedness permitted by this Agreement if such restrictions and conditions apply only to the property or assets securing such Indebtedness and (iv) clause (a) shall not apply to customary provisions in leases and other contracts
restricting the assignment thereof. 
 Section 7.9. Sale and Leaseback Transactions. The Borrower will not, and will not
permit any of the Subsidiaries to, enter into any arrangement, directly or indirectly, whereby it shall sell or transfer any property, real or personal, used or useful in its business, whether now owned or hereinafter acquired, and thereafter rent
or lease such property or other property that it intends to use for substantially the same purpose or purposes as the property sold or transferred. 
 Section 7.10. Hedging Agreements. The Borrower will not, and will not permit any of the Subsidiaries to, enter into any Hedging Agreement, other than (a) Hedging Agreements required by Section 5.11 and
(b) Hedging Agreements entered into in the ordinary course of business to hedge or mitigate risks to which the Borrower or any Subsidiary is exposed in the conduct of its business or the management of its liabilities. Solely for the avoidance
of doubt, the Borrower acknowledges that a Hedging Agreement entered into for speculative purposes or of a speculative nature (which shall be deemed to include any Hedging Agreement under which the Borrower or any of the Subsidiaries is or may
become obliged to make any payment (i) in connection with the purchase by any third party of any common stock or any Indebtedness or (ii) as a result of changes in the market value of any common stock or any Indebtedness) is not a Hedging
Agreement entered into in the ordinary course of business to hedge or mitigate risks. 
 Section 7.11. Amendment to Material
Documents. The Borrower will not, and will not permit any Subsidiary to, amend, modify or waive any of its rights in a manner materially adverse to the Lenders under its certificate of incorporation, bylaws or other organizational documents.

 Section 7.12. Accounting Changes. The Borrower will not, and will not permit any Subsidiary to, make any significant
change in accounting treatment or reporting practices, except as required by GAAP, or change the fiscal year of the Borrower or of any Subsidiary, except to change the fiscal year of a Subsidiary to conform its fiscal year to that of the Borrower.

 ARTICLE VIII 
 EVENTS OF DEFAULT 
 Section 8.1. Events of Default. If any of the following events (each an
“Event of Default”) shall occur: 
 (a) the Borrower shall fail to pay any principal of any Loan when and as the same shall
become due and payable, whether at the due date thereof or at a date fixed for prepayment or otherwise; or 
  

 43 

 (b) the Borrower shall fail to pay any interest on any Loan or any fee or any other amount (other than an
amount payable under clause (a) of this Article) payable under this Agreement or any other Loan Document, when and as the same shall become due and payable, and such failure shall continue unremedied for a period of three (3) Business
Days; or 
 (c) any representation or warranty made or deemed made by or on behalf of the Borrower or any Subsidiary in or in connection with
this Agreement or any other Loan Document (including the Schedules attached thereto) and any amendments or modifications hereof or waivers hereunder, or in any certificate, report, financial statement or other document submitted to the
Administrative Agent or the Lenders by any Loan Party or any representative of any Loan Party pursuant to or in connection with this Agreement or any other Loan Document shall prove to be incorrect when made or deemed made or submitted; or

 (d) the Borrower shall fail to observe or perform any covenant or agreement contained in Article VI or any covenant or
agreement contained in Article VII which is not reasonably susceptible to cure; or 
 (e) any Loan Party shall fail to observe or
perform any covenant or agreement contained in this Agreement (other than those referred to in clauses (a), (b) and (d) above), and such failure shall remain unremedied for 30 days after the earlier of (i) any officer of the Borrower
becomes aware of such failure, or (ii) notice thereof shall have been given to the Borrower by the Administrative Agent or any Lender; or 
 (f) the Borrower shall be in default under any loan with the Administrative Agent or any of the
Lenders, including, without limitation, (i) those certain term loans made by SunTrust Bank in favor of Borrower in the combined principal amount of $8,200,000 secured by a mortgage on the Borrower’s real property and improvements located
at 2320, 2402 and 2441 NW 66th Court, Gainesville, Alachua County, Florida, and (ii) those certain term loans made by Compass Bank in favor of
Borrower on February 24, 2003 in the principal amount of $1,500,000 and on September 29, 2005 in the principal amount of $2,971,181 secured by purchase money liens in equipment financed with the proceeds of such loans; or 
 (g) the Borrower or any Subsidiary (whether as primary obligor or as guarantor or other surety) shall fail to pay any principal of or premium or interest
on any Material Indebtedness that is outstanding, when and as the same shall become due and payable (whether at scheduled maturity, required prepayment, acceleration, demand or otherwise), and such failure shall continue after the applicable grace
period, if any, specified in the agreement or instrument evidencing such Indebtedness; or any other event shall occur or condition shall exist under any agreement or instrument relating to such Indebtedness and shall continue after the applicable
grace period, if any, specified in such agreement or instrument, if the effect of such event or condition is to accelerate, or permit the acceleration of, the maturity of such Indebtedness; or any such Indebtedness shall be declared to be due and
payable; or required to be prepaid or redeemed (other than by a regularly scheduled required prepayment or redemption), purchased or defeased, or any offer to prepay, redeem, purchase or defease such Indebtedness shall be required to be made, in
each case prior to the stated maturity thereof; or 
  

 44 

 (h) the Borrower or any Subsidiary shall (i) commence a voluntary case or other proceeding or file
any petition seeking liquidation, reorganization or other relief under any federal, state or foreign bankruptcy, insolvency or other similar law now or hereafter in effect or seeking the appointment of a custodian, trustee, receiver, liquidator or
other similar official of it or any substantial part of its property, (ii) consent to the institution of, or fail to contest in a timely and appropriate manner, any proceeding or petition described in clause (i) of this Section,
(iii) apply for or consent to the appointment of a custodian, trustee, receiver, liquidator or other similar official for the Borrower or any such Subsidiary or for a substantial part of its assets, (iv) file an answer admitting the
material allegations of a petition filed against it in any such proceeding, (v) make a general assignment for the benefit of creditors, or (vi) take any action for the purpose of effecting any of the foregoing; or 
 (i) an involuntary proceeding shall be commenced or an involuntary petition shall be filed seeking (i) liquidation, reorganization or other relief
in respect of the Borrower or any Subsidiary or its debts, or any substantial part of its assets, under any federal, state or foreign bankruptcy, insolvency or other similar law now or hereafter in effect or (ii) the appointment of a custodian,
trustee, receiver, liquidator or other similar official for the Borrower or any Subsidiary or for a substantial part of its assets, and in any such case, such proceeding or petition shall remain undismissed for a period of 60 days or an order or
decree approving or ordering any of the foregoing shall be entered; or 
 (j) the Borrower or any Subsidiary shall become unable to pay,
shall admit in writing its inability to pay, or shall fail to pay, its debts as they become due; or 
 (k) an ERISA Event shall have occurred
that, in the opinion of the Required Lenders, when taken together with other ERISA Events that have occurred, could reasonably be expected to result in liability to the Borrower and the Subsidiaries in an aggregate amount exceeding $1,000,000; or

 (l) any judgment or order for the payment of money in excess of $600,000 in the aggregate shall be rendered against the Borrower or any
Subsidiary, and either (i) enforcement proceedings shall have been commenced by any creditor upon such judgment or order or (ii) there shall be a period of 30 consecutive days during which a stay of enforcement of such judgment or order,
by reason of a pending appeal or otherwise, shall not be in effect; or 
 (m) any non-monetary judgment or order shall be rendered against
the Borrower or any Subsidiary that could reasonably be expected to have a Material Adverse Effect, and there shall be a period of 30 consecutive days during which a stay of enforcement of such judgment or order, by reason of a pending appeal or
otherwise, shall not be in effect; or 
 (n) a Change in Control shall occur or exist; or 
 (o) any provision of any Subsidiary Guaranty Agreement shall for any reason cease to be valid and binding on, or enforceable against, any Subsidiary Loan
Party, or any Subsidiary Loan Party shall so state in writing, or any Subsidiary Loan Party shall seek to terminate its Subsidiary Guaranty Agreement; 
 then, and in every such event (other than an event with respect to the Borrower described in clause (g) or (h) of this Section) and at any time thereafter during the continuance of such event, the Administrative Agent may, and
upon the written request of the Required Lenders shall, by notice to the Borrower, take any or all of the following actions, at the same or different times: (i) terminate the 

  

 45 

 
Commitments, whereupon the Commitment of each Lender shall terminate immediately; (ii) declare the principal of and any accrued interest on the Loans,
and all other Obligations owing hereunder, to be, whereupon the same shall become due and payable immediately, without presentment, demand, protest or other notice of any kind, all of which are hereby waived by the Borrower and (iii) exercise
all remedies contained in any other Loan Document; and that, if an Event of Default specified in either clause (g) or (h) shall occur, the Commitments shall automatically terminate and the principal of the Loans then outstanding, together
with accrued interest thereon, and all fees, and all other Obligations shall automatically become due and payable, without presentment, demand, protest or other notice of any kind, all of which are hereby waived by the Borrower. 
 ARTICLE IX 
 THE ADMINISTRATIVE
AGENT 
 Section 9.1. Appointment of Administrative Agent. 
 (a) Each Lender irrevocably appoints SunTrust Bank as the Administrative Agent and authorizes it to take such actions on its behalf and to exercise such
powers as are delegated to the Administrative Agent under this Agreement and the other Loan Documents, together with all such actions and powers that are reasonably incidental thereto. The Administrative Agent may perform any of its duties hereunder
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 through their respective Related Parties. The
exculpatory provisions set forth in this Article shall apply to any such sub-agent and 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. 
 Section 9.2. Nature of Duties of
Administrative Agent. The Administrative Agent shall not have any duties or obligations except those expressly set forth in this Agreement and the other Loan Documents. Without limiting the generality of the foregoing, (a) the
Administrative Agent shall not be subject to any fiduciary or other implied duties, regardless of whether a Default or an Event of Default has occurred and is continuing, (b) the Administrative Agent shall not have any duty to take any
discretionary action or exercise any discretionary powers, except those discretionary rights and powers expressly contemplated by the Loan Documents that the Administrative Agent is required to exercise in writing by the Required Lenders (or such
other number or percentage of the Lenders as shall be necessary under the circumstances as provided in Section 10.2), and (c) except as expressly set forth in the Loan Documents, the Administrative Agent shall not have any duty to
disclose, and shall not be liable for the failure to disclose, any information relating to the Borrower or any of its Subsidiaries that is communicated to or obtained by the Administrative Agent or any of its Affiliates in any capacity. The
Administrative Agent shall not be liable for any action taken or not taken by it with the consent or at the request of the Required Lenders (or such other number or percentage of the Lenders as shall be necessary under the circumstances as provided
in Section 10.2) or in the absence of its own gross negligence or willful misconduct. The Administrative Agent shall not be deemed to have knowledge of any Default or Event of Default unless and until written notice thereof is given to
the Administrative Agent by the Borrower or any Lender, and the Administrative Agent shall not be responsible for or have any duty to ascertain or inquire into (i) any statement, warranty or representation made in or in connection with any Loan
Document, (ii) the contents of any certificate, report or other document delivered hereunder or thereunder or in connection herewith or therewith, 

  

 46 

 
(iii) the performance or observance of any of the covenants, agreements, or other terms and conditions set forth in any Loan Document, (iv) the
validity, enforceability, effectiveness or genuineness of any Loan Document or any other agreement, instrument or document, or (v) the satisfaction of any condition set forth in Article III or elsewhere in any Loan Document, other than to
confirm receipt of items expressly required to be delivered to the Administrative Agent. The Administrative Agent may consult with legal counsel (including counsel for the Borrower) concerning all matters pertaining to such duties. 
 Section 9.3. Lack of Reliance on the Administrative Agent. Each of the Lenders and the Swingline Lender acknowledges that it has,
independently and without reliance upon the Administrative Agent or any other Lender and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement. Each of the
Lenders and the Swingline Lender also acknowledges that it will, independently and without reliance upon the Administrative Agent or any other Lender and based on such documents and information as it has deemed appropriate, continue to make its own
decisions in taking or not taking of any action under or based on this Agreement, any related agreement or any document furnished hereunder or thereunder. 
 Section 9.4. Certain Rights of the Administrative Agent. If the Administrative Agent shall request instructions from the Required Lenders with respect to any action or actions (including the failure
to act) in connection with this Agreement, the Administrative Agent shall be entitled to refrain from such act or taking such act, unless and until it shall have received instructions from such Lenders; and the Administrative Agent shall not incur
liability to any Person by reason of so refraining. Without limiting the foregoing, no Lender shall have any right of action whatsoever against the Administrative Agent as a result of the Administrative Agent acting or refraining from acting
hereunder in accordance with the instructions of the Required Lenders where required by the terms of this Agreement. 
 Section 9.5.
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
believed by it to be genuine and to have been signed, sent or made by the proper Person. The Administrative Agent may also rely upon any statement made to it orally or by telephone and believed by it to be made by the proper Person and shall not
incur any liability for relying thereon. The Administrative Agent may consult with legal counsel (including counsel for the Borrower), independent public accountants and other experts selected by it and shall not be liable for any action taken or
not taken by it in accordance with the advice of such counsel, accountants or experts. 
 Section 9.6. The Administrative Agent in
its Individual Capacity. The bank serving as the Administrative Agent shall have the same rights and powers under this Agreement and any other Loan Document in its capacity as a Lender as any other Lender and may exercise or refrain from
exercising the same as though it were not the Administrative Agent; and the terms “Lenders”, “Required Lenders”, “holders of Notes”, or any similar terms shall, unless the context clearly otherwise indicates, include
the Administrative Agent in its individual capacity. The bank acting as the Administrative Agent and its Affiliates may accept deposits from, lend money to, and generally engage in any kind of business with the Borrower or any Subsidiary or
Affiliate of the Borrower as if it were not the Administrative Agent hereunder. 
  

 47 

 Section 9.7. Successor Administrative Agent. 
 (a) The Administrative Agent may resign at any time by giving notice thereof to the Lenders and the Borrower. Upon any such resignation, the Required
Lenders shall have the right to appoint a successor Administrative Agent, subject to the approval by the Borrower provided that no Default or Event of Default shall exist at such time. If no successor Administrative Agent shall have been so
appointed, and shall have accepted such appointment within 30 days after the retiring Administrative Agent gives notice of resignation, then the retiring Administrative Agent may, on behalf of the Lenders, appoint a successor Administrative
Agent, which shall be a commercial bank organized under the laws of the United States of America or any state thereof or a bank which maintains an office in the United States, having a combined capital and surplus of at least $500,000,000.

 (b) Upon the acceptance of its appointment as the Administrative Agent hereunder by
a successor, such successor Administrative Agent shall thereupon succeed to and become vested with all the rights, powers, privileges and duties of the retiring Administrative Agent, and the retiring Administrative Agent shall be discharged from its
duties and obligations under this Agreement and the other Loan Documents. If within 45 days after written notice is given of the retiring Administrative Agent’s resignation under this Section 9.7 no successor Administrative Agent shall
have been appointed and shall have accepted such appointment, then on such 45th day (i) the retiring Administrative Agent’s resignation
shall become effective, (ii) the retiring Administrative Agent shall thereupon be discharged from its duties and obligations under the Loan Documents and (iii) the Required Lenders shall thereafter perform all duties of the retiring
Administrative Agent under the Loan Documents until such time as the Required Lenders appoint a successor Administrative Agent as provided above. After any retiring Administrative Agent’s resignation hereunder, the provisions of this
Article IX shall continue in effect for the benefit of such retiring Administrative Agent and its representatives and agents in respect of any actions taken or not taken by any of them while it was serving as the Administrative Agent.

 Section 9.8. Authorization to Execute other Loan Documents; Collateral. 
 (a) Each Lender authorizes the Administrative Agent to enter into each of the Loan Documents to which it is a party and to take all action contemplated by
such Loan Documents. Each Lender agrees that no Lender, other than the Administrative Agent acting on behalf of all Lenders, shall have the right individually to seek to realize upon the security granted by any Loan Document, it being understood and
agreed that such rights and remedies may be exercised solely by the Administrative Agent for the benefit of the Lenders, upon the terms of the Loan Documents. 
 (b) In the event that any Collateral is pledged by any Person as collateral security for the Obligations, the Administrative Agent is hereby authorized to execute and deliver on behalf of the Lenders any Loan
Documents necessary or appropriate to grant and perfect a Lien on such Collateral in favor of the Administrative Agent on behalf of the Lenders. 
 (c) The Lenders hereby authorize the Administrative Agent, at its option and in its discretion, to release any Lien granted to or held by the Administrative Agent upon any Collateral (i) upon termination of the Commitments and payment
and satisfaction of all of the Obligations or the transactions contemplated hereby; (ii) as permitted by, but only in accordance with, the terms of the applicable Loan Document; (iii) if approved, authorized or ratified in writing by the
Required Lenders, unless such release is required to be approved by all of the Lenders hereunder; (iv) the release of a Subsidiary Loan Guaranty made or Lien granted by a Subsidiary in the case of the sale of the Subsidiary permitted by the
terms of this Agreement; or (v) the release of any Lien on any assets which 

  

 48 

 
are transferred or disposed of in accordance with the terms of this Agreement. Upon request by the Administrative Agent at any time, the Lenders will confirm
in writing the Administrative Agent’s authority to release particular types or items of Collateral pursuant to this Section 9.8(c). 
 (d) Upon any sale or transfer of assets constituting Collateral which is expressly permitted pursuant to the terms of any Loan Documents, or consented to in writing by the Required Lenders, and upon at least ten
(10) Business Days’ prior written request by the Borrower, the Administrative Agent shall (and is hereby irrevocably authorized by the Lenders to) execute such documents as may be necessary to evidence the release of the Liens granted to
the Administrative Agent for the benefit of the Lenders, upon the Collateral that was sold or transferred; provided, however, that (i) the Administrative Agent shall not be required to execute any such document on terms
which, in the Administrative Agent’s opinion, would expose the Administrative Agent to liability or create any obligation or entail any consequence other than the release of such Liens without recourse or warranty, and (ii) such release
shall not in any manner discharge, affect or impair the Obligations or any Liens upon (or obligations of the Borrower or any Guarantor) in respect of) all interests retained by the Borrower or any Guarantor, including (without limitation) the
proceeds of the sale, all of which shall continue to constitute part of the Collateral. 
 Section 9.9. Benefits of Article
9. None of the provisions of this Article 9 shall inure to the benefit of the Borrower or of any Person other than Administrative Agent and each of the Lenders and their respective successors and permitted assigns. Accordingly, neither the
Borrower nor any Person other than Administrative Agent and the Lenders (and their respective successors and permitted assigns) shall be entitled to rely upon, or to raise as a defense, the failure of the Administrative Agent or any Lenders to
comply with the provisions of this Article 9. 
 ARTICLE X 
 MISCELLANEOUS 
 Section 10.1. Notices. 
 (a) Except in the case of notices and other communications expressly permitted to be given by telephone, all notices and other communications to any party
herein to be effective shall be in writing and shall be sent by (i) hand delivery, (ii) overnight courier service, (iii) by certified or registered mail, or (iv) by telecopy or e-mail if a conforming copy is sent the same day by
method (i), (ii) or (iii), as follows: 
  

					
	To the Borrower:	  	Mr. Joel Phillips	  	
		  	Chief Financial Officer	  	
		  	Exactech, Inc.	  	
		  	2320 NW 66th Court	  	
		  	Gainesville, Florida 32653	  	
		  	Telecopy Number: (352) 378-2617	  	
		  	E-mail: jody.phillips@exac.com	  	
			
	With a copy to:	  	Greenberg Traurig, P.A.	  	
		  	1221 Brickell Avenue	  	
		  	Miami, Florida 33131	  	
		  	Attention: Jaret L. Davis, Esq.	  	
		  	Telecopy Number: (305) 961-5676	  	
		  	Email: DavisJ@gtlaw.com	  	

  

 49 

					
	To the Administrative Agent:	  	SunTrust Bank	  	
		  	5080 Newberry Road	  	
		  	Gainesville, Florida 32607	  	
		  	Attention: John S. Roberts, Jr.	  	
		  	Telecopy Number: (352) 264-2072	  	
		  	E-mail: John.Roberts@Suntrust.com	  	
			
	With a copy to:	  	GrayRobinson, P.A.	  	
		  	50 North Laura Street, Suite 1100	  	
		  	Jacksonville, Florida 32202	  	
		  	Attention: Cynthia M. Montgomery, Esq.	  	
		  	Telecopy Number (904)598-9109	  	
			
	To the Swingline Lender:	  	SunTrust Bank	  	
		  	5080 Newberry Road	  	
		  	Gainesville, Florida 32607	  	
		  	Attention: John S. Roberts, Jr.	  	
		  	Telecopy Number: (352) 264-2072	  	
		  	E-mail: John.Roberts@Suntrust.com	  	
			
	With a copy to:	  	GrayRobinson, P.A.	  	
		  	50 North Laura Street, Suite 1100	  	
		  	Jacksonville, Florida 32202	  	
		  	Attention: Cynthia M. Montgomery, Esq.	  	
		  	Telecopy Number (904)598-9109	  	
		  	Email:Cynthia.Montgomery@gray-robinson.com	  	
			
	To any other Lender:	  	the address set forth in the Administrative Questionnaire, or the Assignment and Assumption Agreement executed by such Lender	  	
		  	  	
		  	  	

 Any party hereto may change its address, e-mail or telecopy number for notices and other communications hereunder
by notice to the other parties hereto. All such notices and other communications shall, when transmitted by overnight delivery, e-mailed or faxed, be effective when delivered for overnight (next-day) delivery, or transmitted in legible form by
e-mail or facsimile machine, respectively, or if mailed, upon the third Business Day after the date deposited into the mails or if delivered, upon delivery; provided, that notices delivered to the Administrative Agent, or the Swingline Bank shall
not be effective until actually received by such Person at its address specified in this Section 10.1. 
  

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 (b) Any agreement of the Administrative Agent and the Lenders herein to receive certain notices by
telephone, e-mail or facsimile is solely for the convenience and at the request of the Borrower. The Administrative Agent and the Lenders shall be entitled to rely on the authority of any Person purporting to be a Person authorized by the Borrower
to give such notice and the Administrative Agent and Lenders shall not have any liability to the Borrower or other Person on account of any action taken or not taken by the Administrative Agent or the Lenders in reliance upon such telephonic or
facsimile notice. The obligation of the Borrower to repay the Loans and all other Obligations hereunder shall not be affected in any way or to any extent by any failure of the Administrative Agent and the Lenders to receive written confirmation of
any telephonic or facsimile notice or the receipt by the Administrative Agent and the Lenders of a confirmation which is at variance with the terms understood by the Administrative Agent and the Lenders to be contained in any such telephonic or
facsimile notice. 
 Section 10.2. Waiver; Amendments. 
 (a) No failure or delay by the Administrative Agent, or any Lender in exercising any right or power hereunder or any other Loan Document, and no course of
dealing between the Borrower and the Administrative Agent or any Lender, shall operate as a waiver thereof, nor shall any single or partial exercise of any such right or power or any abandonment or discontinuance of steps to enforce such right or
power, preclude any other or further exercise thereof or the exercise of any other right or power hereunder or thereunder. The rights and remedies of the Administrative Agent, and the Lenders hereunder and under the other Loan Documents are
cumulative and are not exclusive of any rights or remedies provided by law. No waiver of any provision of this Agreement or any other Loan Document or consent to any departure by the Borrower therefrom shall in any event be effective unless the same
shall be permitted by paragraph (b) of this Section, and then such waiver or consent shall be effective only in the specific instance and for the purpose for which given. Without limiting the generality of the foregoing, the making of a Loan
shall not be construed as a waiver of any Default or Event of Default, regardless of whether the Administrative Agent, any Lender may have had notice or knowledge of such Default or Event of Default at the time. 
 (b) No amendment or waiver of any provision of this Agreement or the other Loan Documents, nor consent to any departure by the Borrower therefrom, shall
in any event be effective unless the same shall be in writing and signed by the Borrower and the Required Lenders or the Borrower and the Administrative Agent with the consent of the Required Lenders and then such waiver or consent shall be
effective only in the specific instance and for the specific purpose for which given; provided, that no amendment or waiver shall: (i) increase the Commitment of any Lender without the written consent of such Lender, (ii) reduce the
principal amount of any Loan or reduce the rate of interest thereon, or reduce any fees payable hereunder, without the written consent of each Lender affected thereby, (iii) postpone the date fixed for any payment of any principal of, or
interest on, any Loan or interest thereon or any fees hereunder or reduce the amount of, waive or excuse any such payment, or postpone the scheduled date for the termination or reduction of any Commitment, without the written consent of each Lender
affected thereby, (iv) change Section 2.21(b) or (c) in a manner that would alter the pro rata sharing of payments required thereby , without the written consent of each Lender, (v) change any of the
provisions of this Section or the definition of “Required Lenders” or any other provision hereof specifying the number or percentage of Lenders which are required to waive, amend or modify any rights hereunder or make any determination or
grant any consent hereunder, without the consent of each Lender; (vi) release any guarantor or limit the liability of any such guarantor under any guaranty agreement; (vii) release all or substantially all collateral (if any) securing any
of the Obligations; provided further, that no such agreement shall amend, modify or otherwise affect the rights, duties or obligations of the Administrative Agent, the Swingline Bank without the prior written consent of such Person.

  

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 Section 10.3. Expenses; Indemnification. 
 (a) The Borrower shall pay (i) all reasonable, out-of-pocket costs and expenses of the Administrative Agent and its Affiliates, including the
reasonable fees, charges and disbursements of counsel for the Administrative Agent and its Affiliates, in connection with the syndication of the credit facilities provided for herein, the preparation and administration of the Loan Documents and any
amendments, modifications or waivers thereof (whether or not the transactions contemplated in this Agreement or any other Loan Document shall be consummated), and (ii) all out-of-pocket costs and expenses (including, without limitation, the
reasonable fees, charges and disbursements of outside counsel and the allocated cost of inside counsel) incurred by the Administrative Agent or any Lender in connection with the enforcement or protection of its rights in connection with this
Agreement, including its rights under this Section, or in connection with the Loans made hereunder, including all such out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect of such Loans. Notwithstanding the
foregoing, Borrower’s obligation to pay legal fees incurred by the Administrative Agent in connection with the initial Closing of the Loan and the documentation associated therewith shall not exceed $10,000 for Administrative Agent’s
counsel and $2,500 for Compass Bank’s counsel. 
 (b) The Borrower shall indemnify the Administrative Agent and each Lender, and each
Related Party of any of the foregoing (each, an “Indemnitee”) against, and hold each of them harmless from, any and all costs, losses, liabilities, claims, damages and related expenses, including the fees, charges and
disbursements of any counsel for any Indemnitee, which may be incurred by or asserted against any Indemnitee arising out of, in connection with or as a result of (i) the execution or delivery of this Agreement or any other agreement or
instrument contemplated hereby, the performance by the parties hereto of their respective obligations hereunder or the consummation of any of the transactions contemplated hereby, (ii) any Loan or any actual or proposed use of the proceeds
therefrom, (iii) any actual or alleged presence or release of Hazardous Materials on or from any property owned by the Borrower or any Subsidiary or any Environmental Liability related in any way to the Borrower or any Subsidiary 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 and regardless of whether any Indemnitee is a party thereto; provided, that the
Borrower shall not be obligated to indemnify any Indemnitee for any of the foregoing arising out of such Indemnitee’s gross negligence or willful misconduct as determined by a court of competent jurisdiction in a final and nonappealable
judgment. 
 (c) The Borrower shall pay, and hold the Administrative Agent and each of the Lenders harmless from and against, any and all
present and future stamp, documentary, and other similar taxes with respect to this Agreement and any other Loan Documents, any collateral described therein, or any payments due thereunder, and save the Administrative Agent and each Lender harmless
from and against any and all liabilities with respect to or resulting from any delay or omission to pay such taxes. 
 (d) To the extent that
the Borrower fails to pay any amount required to be paid to the Administrative Agent or the Swingline Lender under clauses (a), (b) or (c) hereof, each Lender severally agrees to pay to the Administrative Agent or the Swingline
Lender, as the case may be, such Lender’s Pro Rata Share (determined as of the time that the unreimbursed expense or indemnity payment is sought) of such unpaid amount; provided, that the unreimbursed expense or indemnified payment,
claim, damage, liability or related expense, as the case may be, was incurred by or asserted against the Administrative Agent or the Swingline Lender in its capacity as such. 
  

 52 

 (e) To the 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 actual or direct damages) arising out of, in connection with or as a result of, this Agreement or any agreement or
instrument contemplated hereby, the transactions contemplated therein, any Loan or the use of proceeds thereof. 
 (f) All amounts due under
this Section shall be payable promptly after written demand therefor. 
 Section 10.4. 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,
except that the Borrower may not assign or transfer any of its rights hereunder without the prior written consent of each Lender (and any attempted assignment or transfer by the Borrower without such consent shall be null and void). 
 (b) Any Lender may at any time assign to one or more assignees all or a portion of its rights and obligations under this Agreement and the other Loan
Documents (including all or a portion of its Commitment and the Loans at the time owing to it); provided, that (i) except in the case of an assignment to a Lender or an Affiliate of a Lender, each of the Borrower and the Administrative
Agent (and, in the case of an assignment of all or a portion of a Commitment or any Lender’s obligations in respect of Swingline Exposure, the Swingline Lender) must give their prior written consent (which consent shall not be unreasonably
withheld or delayed), (ii) except in the case of an assignment to a Lender or an Affiliate of a Lender or an assignment of the entire amount of the assigning Lender’s Commitment hereunder or an assignment while an Event of Default has
occurred and is continuing, the amount of the Commitment of the assigning Lender subject to each such assignment (determined as of the date the Assignment and Acceptance with respect to such assignment is delivered to the Administrative Agent) shall
not be less than $5,000,000 (unless the Borrower and the Administrative Agent shall otherwise consent), (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 and the other Loan Documents, (iv) the assigning Lender and the assignee shall execute and deliver to the Administrative Agent an Assignment and Acceptance, together with a processing and recordation fee payable
by the assigning Lender or the assignee (as determined between such Persons) in an amount equal to $3,500 and (v) such assignee, if it is not a Lender, shall deliver a duly completed Administrative Questionnaire to the Administrative Agent;
provided, that any consent of the Borrower otherwise required hereunder shall not be required if an Event of Default has occurred and is continuing. Upon the execution and delivery of the Assignment and Acceptance and payment by such assignee
to the assigning Lender of an amount equal to the purchase price agreed between such Persons, such assignee shall become a party to this Agreement and any other Loan Documents to which such assigning Lender is a party and, to the extent of such
interest assigned by such Assignment and Acceptance, shall have the rights and obligations of a Lender under this Agreement, and the assigning Lender shall be released from its obligations hereunder to a corresponding extent (and, in the case of an
Assignment and Acceptance covering all of the assigning Lender’s rights and obligations under this Agreement, such Lender shall cease to be a party hereto but shall continue to be entitled to the benefits of Sections 2.18,
2.19 and 2.20 and 10.3. Upon the consummation of any such assignment hereunder, the assigning Lender, the Administrative Agent and the Borrower shall make appropriate arrangements to have 

  

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new Notes issued if so requested by either or both the assigning Lender or the assignee. Any assignment or other transfer by a Lender that does not fully
comply with the terms of this clause (b) shall be treated for purposes of this Agreement as a sale of a participation pursuant to clause (c) below. 
 (c) Any Lender may at any time, without the consent of the Borrower, the Administrative Agent or the Swingline Lender, sell participations to one or more banks or other entities (a “Participant”) in
all or a portion of such Lender’s rights and obligations under this Agreement (including all or a portion of its Commitment, 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 its obligations hereunder, and (iii) the Borrower, the Administrative Agent, the Swingline Bank and the other Lenders shall
continue to deal solely and directly with such Lender in connection with such Lender’s rights and obligations under this Agreement and the other Loan Documents. Any agreement between such Lender and the Participant with respect to such
participation shall provide that such Lender shall retain the sole right and responsibility to enforce this Agreement and the other Loan Documents and the right to approve any amendment, modification or waiver of this Agreement and the other Loan
Documents; provided, that such participation agreement may provide that such Lender will not, without the consent of the Participant, agree to any amendment, modification or waiver of this Agreement described in the first proviso of
Section 10.2(b) that affects the Participant. The Borrower agrees that each Participant shall be entitled to the benefits of Sections 2.18, 2.19 and 2.20 to the same extent as if it were a Lender
hereunder and had acquired its interest by assignment pursuant to paragraph (b); provided, that no Participant shall be entitled to receive any greater payment under Section 2.18 or 2.20 than the applicable Lender would
have been entitled to receive with respect to the participation sold to such Participant unless the sale of such participation is made with the Borrower’s prior written consent. To the extent permitted by law, the Borrower agrees that each
Participant shall be entitled to the benefits of Section 2.21 as though it were a Lender, provided, that such Participant agrees to share with the Lenders the proceeds thereof in accordance with Section 2.21 as fully
as if it were a Lender hereunder. A Participant that would be a Foreign Lender if it were a Lender shall not be entitled to the benefits of Section 2.20 unless the Borrower is notified of such participation sold to such Participant and
such Participant agrees, for the benefit of the Borrower, to comply with Section 2.20(e) as though it were a Lender hereunder. 
 (d) Any Lender may at any time pledge or assign a security interest in all or any portion of its rights under this Agreement and its Notes (if any) to secure its obligations to a Federal Reserve Bank without complying with this Section;
provided, that no such pledge or assignment shall release a Lender from any of its obligations hereunder or substitute any such pledgee or assignee for such Lender as a party hereto. 
 (e) Notwithstanding anything to the contrary contained herein, any Lender (a “Granting Lender”) may grant to a special purpose funding vehicle
(an “SPV”), identified as such in writing from time to time by the Granting Lender to the Administrative Agent and the Borrower, the option to provide to the Borrower all or any part of any Loan that such Granting Lender would otherwise be
obligated to make to the Borrower pursuant to this Agreement; provided, that (i) nothing herein shall constitute a commitment by any SPV to make any Loan and (ii) if an SPV elects not to exercise such option or otherwise fails to provide
all or any part of any Loan, the Granting Lender shall be obligated to make such Loan pursuant to the terms hereof. The making of a Loan by an SPV hereunder shall utilize the Commitment of the Granting Lender to the same extent, and as if such Loan
were made by such Granting Lender. Each party hereto hereby agrees that no SPV shall be liable for any indemnity or similar payment obligation under this 

  

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Agreement (all liability for which shall remain with the Granting Lender). In furtherance of the foregoing, each party hereto hereby agrees (which agreement
shall survive the termination of this Agreement) that, prior to the date that is one year and one day after the payment in full of all outstanding commercial paper or other senior indebtedness of any SPV, it will not institute against, or join any
other person in instituting against, such SPV any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings under the laws of the United States or any State contrary in this Section 10.4, any SPV may (i) with
notice to, but without the prior written consent of, the Borrower and the Administrative Agent and without paying any processing fee therefor, assign all or a portion of its interests in any Loans to the Granting Lender or to any financial
institutions (consented to by the Borrower and the Administrative Agent) providing liquidity and/or credit support to or for the account of such SPV to support the funding or maintenance of Loans and (ii) disclose on a confidential basis any
non-public information relating to its Loans to any rating agency, commercial paper dealer or provider of any surety, guarantee or credit or liquidity enhancement to such SPV. As this Section 10.4(e) applies to any particular SPV,
this Section may not be amended without the written consent of such SPV. 
 Section 10.5. Governing Law; Jurisdiction; Consent to
Service of Process. 
 (a) This Agreement and the other Loan Documents shall be construed in accordance with and be governed by the
law (without giving effect to the conflict of law principles thereof) of the State of Florida. 
 (b) The Borrower hereby irrevocably and
unconditionally submits, for itself and its property, to the non-exclusive jurisdiction of the United States District Court of Middle District of Florida, and of any state court of the State of Florida located in Duval Count, and any appellate court
from any thereof, in any action or proceeding arising out of or relating to this Agreement or any other Loan Document or the transactions contemplated hereby or thereby, or for recognition or enforcement of any judgment, and each of the parties
hereto hereby irrevocably and unconditionally agrees that all claims in respect of any such action or proceeding may be heard and determined in such Florida state court or , to the extent permitted by applicable law, 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 any other Loan
Document shall affect any right that the Administrative Agent or any Lender may otherwise have to bring any action or proceeding relating to this Agreement or any other Loan Document against the Borrower or its properties in the courts of any
jurisdiction. 
 (c) The Borrower irrevocably and unconditionally waives any objection which it may now or hereafter have to the laying of
venue of any such suit, action or proceeding described in paragraph (b) of this Section and brought in any court referred to in paragraph (b) of this Section. Each of the parties hereto 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
to this Agreement irrevocably consents to the service of process in the manner provided for notices in Section 10.1. Nothing in this Agreement or in any other Loan Document will affect the right of any party hereto to serve process in
any other manner permitted by law. 
 Section 10.6. WAIVER OF JURY TRIAL. EACH PARTY HERETO IRREVOCABLY WAIVES, TO THE
FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL 

  

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PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF THIS AGREEMENT OR ANY OTHER LOAN 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 PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO
ENFORCE THE FOREGOING WAIVER, AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION.

 Section 10.7. Right of Setoff. In addition to any rights now or hereafter granted under applicable law and not by way
of limitation of any such rights, each Lender shall have the right, at any time or from time to time upon the occurrence and during the continuance of an Event of Default, without prior notice to the Borrower, any such notice being expressly waived
by the Borrower to the extent permitted by applicable law, to set off and apply against all deposits (general or special, time or demand, provisional or final) of the Borrower at any time held or other obligations at any time owing by such Lender to
or for the credit or the account of the Borrower against any and all Obligations held by such Lender irrespective of whether such Lender shall have made demand hereunder and although such Obligations may be unmatured. Each Lender agrees promptly to
notify the Administrative Agent and the Borrower after any such set-off and any application made by such Lender; provided, that the failure to give such notice shall not affect the validity of such set-off and application. 
 Section 10.8. Counterparts; Integration. This Agreement may be executed by one or more of the parties to this Agreement on any number
of separate counterparts (including by telecopy), and all of said counterparts taken together shall be deemed to constitute one and the same instrument. This Agreement, the other Loan Documents, and any separate letter agreement(s) relating to any
fees payable to the Administrative Agent constitute the entire agreement among the parties hereto and thereto regarding the subject matters hereof and thereof and supersede all prior agreements and understandings, oral or written, regarding such
subject matters. 
 Section 10.9. Survival. All covenants, agreements, representations and warranties made by the Borrower
herein and in the certificates or other instruments delivered in connection with or pursuant to this Agreement shall be considered to have been relied upon by the other parties hereto and shall survive the execution and delivery of this Agreement
and the making of any Loans, regardless of any investigation made by any such other party or on its behalf and notwithstanding that the Administrative Agent or any Lender may have had notice or knowledge of any Default or incorrect representation or
warranty at the time any credit is extended hereunder, and shall continue in full force and effect as long as the principal of or any accrued interest on any Loan or any fee or any other amount payable under this Agreement is outstanding and unpaid
and so long as the Commitments have not expired or terminated. The provisions of Sections 2.19, 2.20, 2.21, and 10.3 and Article IX shall survive and remain in full force and effect regardless of the
consummation of the transactions contemplated hereby, the repayment of the Loans, the expiration or termination of the Commitments or the termination of this Agreement or any provision hereof. All representations and warranties made herein, in the
certificates, reports, notices, and other documents delivered pursuant to this Agreement shall survive the execution and delivery of this Agreement and the other Loan Documents, and the making of the Loans. 
  

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 Section 10.10. Severability. Any provision of this Agreement or any other Loan
Document held to be illegal, invalid or unenforceable in any jurisdiction, shall, as to such jurisdiction, be ineffective to the extent of such illegality, invalidity or unenforceability without affecting the legality, validity or enforceability of
the remaining provisions hereof or thereof; and the illegality, invalidity or unenforceability of a particular provision in a particular jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction. 

Section 10.11. Confidentiality. Each of the Administrative Agent and each Lender agrees to take normal and reasonable precautions
to maintain the confidentiality of any information designated in writing as confidential and provided to it by the Borrower or any Subsidiary, except that such information may be disclosed (i) to any Related Party of the Administrative Agent or
any such Lender, including without limitation accountants, legal counsel and other advisors, (ii) to the extent required by applicable laws or regulations or by any subpoena or similar legal process, (iii) to the extent requested by any
regulatory agency or authority, (iv) to the extent that such information becomes publicly available other than as a result of a breach of this Section, or which becomes available to the Administrative Agent, any Lender or any Related Party of
any of the foregoing on a nonconfidential basis from a source other than the Borrower, (v) in connection with the exercise of any remedy hereunder or any suit, action or proceeding relating to this Agreement or the enforcement of rights
hereunder, and (ix) subject to provisions substantially similar to this Section 10.11, to any actual or prospective assignee or Participant, or (vi) with the consent of the Borrower. Any Person required to maintain the
confidentiality of any information as provided for 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 its own confidential information. 
 Section 10.12. Interest Rate Limitation. Notwithstanding anything
herein to the contrary, if at any time the interest rate applicable to any Loan, together with all fees, charges and other amounts which may be treated as interest on such Loan under applicable law (collectively, the
“Charges”), shall exceed the maximum lawful rate of interest (the “Maximum Rate”) which may be contracted for, charged, taken, received or reserved by a Lender holding such Loan in accordance with applicable law,
the rate of interest payable in respect of such Loan hereunder, together with all Charges payable in respect thereof, shall be limited to the Maximum Rate and, to the extent lawful, the interest and Charges that would have been payable in respect of
such Loan but were not payable as a result of the operation of this Section shall be cumulated and the interest and Charges payable to such Lender in respect of other Loans or periods shall be increased (but not above the Maximum Rate therefor)
until such cumulated amount, together with interest thereon at the Federal Funds Rate to the date of repayment, shall have been received by such Lender. 
 Section 10.13. Patriot Act. The Administrative Agent and each Lender hereby notifies the Loan Parties that pursuant to the requirements of the USA PATRIOT Act (Title III of Pub. L. 107-56 (signed
into law October 26, 2001)) (the “Patriot Act”), it is required to obtain, verify and record information that identifies each Loan Party, which information includes the name and address of such Loan Party and other information that
will allow such Lender or the Administrative Agent, as applicable, to identify such Loan Party in accordance with the Patriot Act. Each Loan Party shall, and shall cause each of its Subsidiaries to, provide to the extent commercially reasonable,
such information and take such other 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. 
  

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 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed [under seal
in the case of the Borrower] by their respective authorized officers as of the day and year first above written. 
  

			
	EXACTECH, INC., a Florida corporation
		
	By:	 	 /s/ Joel C. Phillips

		 	Joel C. Phillips, Chief Financial Officer
	
	[SEAL]
	
	SUNTRUST BANK, as Administrative Agent, as Swingline Lender and as a Lender
		
	By:	 	 /s/ John S. Roberts, Jr.

		 	John S. Roberts, Jr., Vice President
	
	Revolving Commitment: $25,000,000
		 	Swingline Commitment: $3,000,000

  

 58 

 [SIGNATURE PAGES TO REVOLVING CREDIT AGREEMENT CONTINUED] 
  

			
	COMPASS BANK
		
	By:	 	 /s/ Jeff Morgan

	Name:	 	Jeff Morgan
	Title:	 	VP
		
		 	Revolving Commitment: $15,000,000

  

 59 

 Schedule I 
 APPLICABLE MARGIN AND APPLICABLE PERCENTAGE 
  

							
	 Pricing Level
	  	 Leverage Ratio
	  	 Applicable
 Margin for
 Index Rate
 Loans
	  	 Applicable
 Percentage for
 Facility Fee

	 I
	  	Greater than 2.00:1.00	  	2.00%	  	.25%
				
	 II
	  	Less than or equal to 2.00:1.00 but greater than 1.50:1.00	  	1.75%	  	.25%
				
	 III
	  	Less than or equal to 1.50:1.00 but greater than 1.00:1.00	  	1.50%	  	.20%
				
	 IV
	  	Less than 1.00:1:00	  	1.25%	  	.20%

  

 Exhibit 3.1(b)(vii)

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00143-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00143-of-00352.parquet"}]]