Document:

Contract Purchase Agreement

 Exhibit 10.2 
 CONTRACT PURCHASE AGREEMENT 
 THIS CONTRACT PURCHASE AGREEMENT is made as of April 27, 2007 (the
“Agreement”) among PDC FUNDING COMPANY II, LLC, a Minnesota limited liability company (the “Seller”), PATTERSON COMPANIES, INC., a Minnesota corporation (together with its successors and assigns “PCI”), as
initial Servicer (the “Servicer”), U.S. BANK NATIONAL ASSOCIATION, a national banking association (“U.S. Bank”), individually and as agent (in such capacity, the “Agent”) for the “Buyers”(as defined below),
and THE NORTHERN TRUST COMPANY (“Northern;” U.S. Bank in its individual capacity, and Northern, together with any other Person that may become a party hereto pursuant to Section 13.4 are collectively referred to herein as the
“Buyers”). 
 WITNESSETH: 
 WHEREAS, Seller holds or expects to hold certain rights to payment under contracts providing for the sale of equipment and supplies for a purchase price payable over time and secured by a security interest in the purchased equipment and
supplies, which rights to payment were acquired or will be acquired by Seller in the regular course of its business; and 
 WHEREAS, Seller
desires to sell, and the Buyers desire to purchase, from time to time, an undivided percentage ownership interests in such rights to payment; and 
 NOW THEREFORE, in consideration of the mutual covenants and agreements of the parties herein contained and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties agree as follows:

 ARTICLE I 
 DEFINITIONS
AND ACCOUNTING TERMS 
 Section 1.1 Defined Terms. As used in this Agreement the following terms shall have the following
respective meanings (and such meanings shall be equally applicable to both the singular and plural form of the terms defined, as the context may require): 
 Account: As defined in the Uniform Commercial Code. 
 Accounting Period: Each fiscal month of
Seller, at the end of which Servicer and Seller reconcile accounting information relating to the Buyer Contracts. 
 Acquisition: Any
transaction, or any series of related transactions, consummated on or after the date of this Agreement, by which PCI or any of its Subsidiaries (i) acquires any going business or all or substantially all of the assets of any firm, corporation
or limited liability company, or division thereof, whether through purchase of assets, merger or otherwise or (ii) directly or indirectly acquires (in one transaction or as the most recent transaction in a series of transactions) at least a
majority (in number of votes) of the securities of a corporation which have ordinary voting power for the election of directors (other than securities having such power only by reason of the happening of a contingency) or a majority (by percentage
or voting power) of the outstanding ownership interests of a partnership or limited liability company or other business entity. 

 Adverse Event: The occurrence of any event that could have a material adverse effect on
(i) the business, operations, property, assets or condition (financial or otherwise) of PCI and its Subsidiaries as a consolidated enterprise or (ii) on the ability of Seller, Originator or PCI to perform its obligations under the
Transaction Documents. 
 Affiliate: When used with reference to any Person, (a) each Person that, directly or indirectly,
controls, is controlled by or is under common control with, the Person referred to, (b) each Person which beneficially owns or holds, directly or indirectly, twenty-five percent or more of any class of voting stock of the Person referred to (or
if the Person referred to is not a corporation, twenty-five percent or more of the equity interest), (c) each Person, twenty-five percent or more of the voting stock (or if such Person is not a corporation, twenty-five percent or more of the
equity interest) of which is beneficially owned or held, directly or indirectly, by the Person referred to, and (d) each of such Person’s officers, directors, joint venturers and partners. The term control (including the terms
“controlled by” and “under common control with”) means the possession, directly, of the power to direct or cause the direction of the management and policies of the Person in question. 
 Applicable Commitment Percentage: With respect to each fiscal quarter of PCI, the Applicable Commitment Percentage set forth in the table below,
based on the BD/EBITDA Ratio computed as of the last day of the immediately preceding fiscal quarter: 
  

				
	 BD/EBITDA Ratio
	  	Applicable Commitment Percentage	 
	 Less than or equal to 1.0
	  	0.125	%
	 Greater than 1.0
	  	0.20	%

 If at any time of determination the applicable BD/EBITDA Ratio cannot be determined, the Applicable Commitment
Percentage shall be 0.20%. 
 Applicable Margin: Subject to the last sentence of this definition, with respect to the period beginning
five days after the financial statements and compliance certificate required by Sections 6.2(b) and (c) are delivered with respect to any fiscal quarter and ending on the day five days after the date such financial statements and compliance
certificate for the next fiscal quarter are actually delivered, the percentage specified, based on the BD/EBITDA Ratio calculated as of the end of the fiscal quarter for which such financial statements were delivered: 
  

				
	 BD/EBITDA Ratio
	  	Applicable Margin	 
	 Less than or equal to 1.0
	  	0.75	%
	 Greater than 1.0
	  	1.00	%

 During the period beginning on the date five days after the financial statements and compliance certificate for a
fiscal quarter are required to be delivered pursuant to Sections 6.2(b) and (c) but are not delivered and ending five days after the date such financial statements are delivered, the Applicable Margin shall be as specified for a BD/EBITDA Ratio
greater than 1.0 to 1.0. The Applicable Margin shall change on the date of adjustment notwithstanding any Fixed Interest Period. 
  

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 Assignment Agreement; That certain Assignment Agreement dated as of April 27, 2007 among U.S.
Bank National Association, The Northern Trust Company, Webster and PDSI. 
 BD/EBITDA Ratio: The ratio of (i) the Consolidated
Total Debt minus the obligations arising from the purchase price of Permitted Account Sales and other forms of off-balance sheet financing as of the last day of a fiscal quarter, to (ii) EBITDA for the period of four fiscal quarters
ending on such date, all calculated for PCI and its Subsidiaries on a consolidated basis. 
 Board: The Board of Governors of the
Federal Reserve System or any successor thereto. 
 Business Day: Any day (other than a Saturday, Sunday or legal holiday in the State
of Minnesota) on which national banks are permitted to be open in Minneapolis, Minnesota. 
 Buyer(s): As defined in the opening
paragraph of this Agreement. 
 Buyer Contracts: Collectively, as of any date of determination, all Contracts which comprise any
portion of the Buyer Interests, and all Related Security with respect to such Contracts, all Related Security Documents with respect to such Contracts, all Collections relating to such Contracts and the proceeds of any of the foregoing. 

Buyer Interests: An undivided percentage ownership interest (computed as set forth below) associated with a designated amount of Buyer
Investment in (i) all Contracts identified by Seller in a Purchase Request delivered pursuant to Section 2.2 of this Agreement, (ii) all Related Security with respect to such Contracts, (iii) any Related Security Documents with
respect to such Contracts, (iv) all Collections related to such Contracts, and (v) any other proceeds of the foregoing. Each such undivided percentage interest equals the result of (A) Buyer Investment divided by (B) Net
Receivables Balance minus the Credit Enhancement. 
 Such undivided percentage ownership interest shall be initially computed on its date of purchase.
Thereafter, until the Purchase Termination Date, each Buyer Interests shall be automatically recomputed (or deemed to be recomputed) on each day prior to the Purchase Termination Date. The variable percentage represented by any Buyer Interests as
computed (or deemed recomputed) as of the close of the Business Day immediately preceding the Purchase Termination Date shall remain constant at all times thereafter. 
 Buyer Interest Amount: For any Interest Period, the amount determined by applying the Buyers’ Rate as in effect during such Interest Period to the outstanding balance of the Buyers’ Investment as of
the first day of such Interest Period. 
 Buyer Investment: At any time (A) the aggregate Purchase Price of all Buyer Interests,
minus (B) the aggregate amount of Collections and other payments received by the Agent or any Buyer, as applicable, which in each case are applied to reduce the Buyer Investment in accordance with the terms and conditions of this
Agreement; provided that the Buyer Investment shall be restored (in accordance with Section 2.10) in the amount of any Collections or other payments so received and applied if at any time the distribution of such Collections or payments are
rescinded, returned or refunded for any reason. 
  

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 Buyer’s Percentage: With respect to any Buyer, the percentage equivalent of a fraction, the
numerator of which is the Individual Purchase Commitment Amount of such Buyer and the denominator of which is the Purchase Commitment Amount. 
 Buyers’ Rate: Prior to the occurrence of a Termination Event, for any Interest Period, and except as otherwise provided in Sections 12.2 and 12.3, a rate per annum equal to the weighted average of the Eurodollar Rates
(Reserve Adjusted) in effect during such Interest Period plus the Applicable Margin, and from and after the occurrence and during the continuance of a Termination Event, a floating rate per annum equal to the Prime Rate plus two percent (2.0%)
per annum. 
 Closing Date: The Business Day on which the conditions precedent to the obligation of the Buyers to purchase the initial
Buyer Interests, as set forth in Article V, have been satisfied. 
 Code: The Internal Revenue Code of 1986, as amended, or any
successor statute, together with regulations thereunder. 
 Collections: With respect to any Buyer Contract, all cash collections and
other cash proceeds in respect of such Contract, including, without limitation, all scheduled payments, prepayments, yield, Finance Charges or other related amounts accruing in respect thereof, and all cash proceeds of Related Security with respect
to such Contract. 
 Collection Account: As defined in Section 3.1. 
 Collection Period: Each period commencing on a Determination Date and ending on the day immediately preceding the next Determination Date.

 Commitment Fee: As defined in Section 2.4. 
 Consolidated Adjusted EBITDA: For any period, the sum of Consolidated EBIT for such period (i) plus consolidated depreciation and amortization for such period, (ii) plus extraordinary losses incurred
other than in the ordinary course of business, (iii) minus extraordinary gains realized other than in the ordinary course of business. For Persons acquired by PCI during the relevant measurement period, their EBITDA results will be included in
the calculation of Consolidated Adjusted EBITDA as if those Persons were owned by PCI for the entire reporting period. Consolidated Adjusted EBITDA will be calculated on a rolling four-quarter basis, all as calculated for PCI and its Subsidiaries on
a consolidated basis. 
 Consolidated EBIT: For any period, Consolidated Net Income plus, to the extent deducted from revenues in
determining Consolidated Net Income, (i) Consolidated Interest Expense, (ii) expense for federal, state, local and foreign income and franchise taxes paid or accrued and (iii) extraordinary losses incurred other than in the ordinary
course of business, minus, to the extent included in Consolidated Net Income, extraordinary gains realized other than in the ordinary course of business, all calculated for PCI and its Subsidiaries on a consolidated basis. 
  

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 Consolidated Interest Expense: For any period, the interest expense of PCI and its Subsidiaries
calculated on a consolidated basis for such period including, without limitation, such interest expense as may be attributable to capitalized leases, receivables transaction financing costs, the discount or implied interest component of off-balance
sheet liabilities, all commissions, discounts and other fees and charges owed with respect to letters of credit and net mark-to-market exposure. 
 Consolidated Net Income: For any period, the net income (or loss) of PCI and its Subsidiaries calculated on a consolidated basis for such period, excluding any non-cash charges or gains which are unusual, non-recurring or
extraordinary. 
 Consolidated Net Worth: As of any date of determination, the consolidated total stockholders’ equity (including
capital stock, additional paid in capital and retained earnings) of PCI and its Subsidiaries determined in accordance with GAAP. 
 Consolidated Total Debt: (a) all indebtedness of PCI and its Subsidiaries, on a consolidated basis, reflected on a balance sheet prepared in accordance with GAAP, plus, without duplication (b) the face amount of all
outstanding letters of credit in respect of which PCI or any Subsidiary has any reimbursement obligation and the principal amount of all contingent obligations of PCI and its Subsidiaries, plus obligations associated with capitalized leases, plus
obligations arising from Permitted Account Sales (including the JPMorgan Securitization) and other forms of off-balance sheet financing, including receivables transaction attributed indebtedness. 
 Contract: Collectively, a contract assigned to Seller under the Receivables Sale Agreement evidencing a sale of dental equipment and supplies, in
the case of PDSI, or veterinary equipment and supplies, in the case of Webster, entered into by an Originator, as the seller of such equipment and supplies, in the regular course of its business, or an Eagle Soft Contract assigned to Seller under
the Receivables Sale Agreement, and all written agreements (and each of them) purporting to modify the terms of any such contract, and includes, without limitation, all related security interests and any and all rights to receive payments which are
due pursuant thereto. 
 Contract Default: With respect to any Buyer Contract: (i) the failure of the Obligor(s) to pay within
one hundred twenty (120) days of the due date any amount payable thereunder; (ii) the writing off of such Buyer Contract in accordance with the Credit and Collection Policies; or (iii) the occurrence of any default under the terms of
the Buyer Contract or any Related Security Document (other than a payment default) which continues for the shorter of any grace or cure period provided in the Buyer Contract or Related Security Document or ten days from the date that any notice of
such nonpayment default required by the Buyer Contract or the Related Security Document is given to the Obligor(s). 
 Credit and
Collection Policy: Seller’s and/or the applicable Originator’s credit and collection policies and practices relating to Contracts existing on the date of the Agreement, as modified from time to time in accordance with this Agreement.

  

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 Credit Enhancement: On any date, an amount equal to (i) the Net Receivables Balance as of the
close of business of the Servicer on such date, multiplied by (ii) the greater of (x) six percent (6%) and (y) three (3) times the average Default Ratio for the most recently completed three months. 
 Deemed Collections: The aggregate of all amounts Seller shall have been deemed to have received as a Collection on a Buyer Contract. If at
anytime, (i) the outstanding principal balance of any Contract is either (x) reduced as a result of any defective or rejected goods or services, any discount on any adjustment or otherwise by Seller or any Originator (other than cash
Collections on account of the Contract) or (y) reduced or canceled as a result of a setoff in respect of any claim by any Person (whether such claim arises out of the same or a related transaction or an unrelated transaction), (ii) any of
the representations or warranties in Article VIII are no longer true with respect to any Buyer Contract or (iii) the Related Security for any Buyer Contract is repossessed and sold for less than the fair market value of such Related
Security, Seller shall be deemed to have received a Collection of such Buyer Contract in the amount of (A) such reduction or cancellation in the case of clause (i) above, (B) the entire outstanding principal balance in the case of
clause (ii) above and (C) the difference between the fair market value of the repossessed Related Security and the gross proceeds received upon the sale of such repossessed Related Security in the case of clause (iii) above.

 Default Ratio: As of the last day of each month, a percentage equal to (i) the aggregate outstanding principal balance of all
Defaulted Contracts on such day, divided by (ii) the aggregate outstanding principal balance of all Buyer Contracts on such day. 
 Defaulted Contract: A Buyer Contract as to which any payment, or part thereof, remains unpaid for 121 days or more from the original due date for such payment. 
 Determination Date: The last day of every Accounting Period. 
 Discounted Balance: With respect to each Discounted Contract, an amount equal to the present value of the amount remaining unpaid under such Contract on the Purchase Date with respect to that Contract,
discounted to its present value as of such Purchase Date using as the discount rate Seller’s “book basis yield” for that Contract, as reflected on Seller’s books and disclosed to the Buyers in the relevant Purchase Request, which
discount rate shall not be less than the Buyers’ Rate in effect on the Purchase Date with respect to such Contract. 
 Discounted
Contract: A Contract identified in the relevant Purchase Request as a Contract (i) with respect to which the principal amount exceeds the remainder of (x) the aggregate purchase price for all equipment and supplies subject to such
Contract that would be charged by the Originator for a cash sale, minus (y) any downpayment by the relevant Obligor, or (ii) providing for a single grace period of not more than 150 days during which no payments will be due and no interest
will accrue with respect to such Contract. 
 Eagle Soft Contract: Collectively, a contract evidencing a sale or license of dental
software entered into by PDSI as the seller or licensor of such dental software in the regular course of its business, and all written agreements (and each of them) purporting to modify the terms of any such contract, and including, without
limitation, all related security interests and any and all rights to receive payments which are due pursuant thereto. 
  

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 EBITDA: For any period of determination, the consolidated net income of PCI and its Subsidiaries
before deductions for interest expense, income taxes, depreciation and amortization, all determined in accordance with GAAP. 
 Eligible
Contract: A Contract: 
 (i) the Obligor of which is a United States resident, is not an Affiliate of PCI, and is not a
government or a governmental subdivision or agency; 
 (ii) the principal Obligor of which is a dentist, veterinarian or a
professional association, partnership or other Person that provides dental or veterinary services to consumers, or a dental or veterinary laboratory or other person who provides dental or veterinary services to other Persons who in turn provide
dental or veterinary services to consumers, and that either (a) on the Purchase Date with respect to such Contract has an ongoing business relationship with an Originator or (b) was acquired by an Originator under the Assignment Agreement;

 (iii) with respect to which no payment of principal, interest or other amounts is past due by more than sixty (60)
days as of the date that the applicable Buyer Interests are proposed to be sold to the Buyers hereunder or is a Contract acquired by an Originator under the Assignment Agreement; 
 (iv) the Obligor of which is not the Obligor of any Contract in respect of which any payment of principal, interest or other amounts is
past due by more than sixty (60) days as of the date that the applicable Buyer Interests are proposed to be sold to the Buyers hereunder and is not otherwise in material default under any other contract or agreement with an Originator or
Seller; 
 (v) which is denominated and payable only in United States dollars in the United States; 
 (vi) which has been duly authorized (if the Obligor thereon is not a natural person) and which is in full force and effect and constitutes
the legal, valid and binding obligation of the Obligor of such Contract enforceable against such Obligor in accordance with its terms; 
 (vii) which does not contravene in any material respect any laws, rules or regulations applicable thereto (including, without limitation, laws, rules and regulations relating to truth in lending, fair credit billing,
fair credit reporting, equal credit opportunity, fair debt collection practices and privacy) and with respect to which the applicable Originator and Seller are not in violation of any such law, rule or regulation in any material respect; 

(viii) which has not been modified or extended except in compliance with all applicable requirements of the Credit and Collection
Policies; 
  

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 (ix) which has not been acquired by the Originator from another Person or was not a
Contract acquired by an Originator pursuant to the Assignment Agreement; 
 (x) which constitutes an account, chattel paper or
an instrument as such terms are used in the Uniform Commercial Code of the State of Minnesota; 
 (xi) which, pursuant to its
terms, is required to be paid in full on or before the Final Maturity Date; 
 (xii) which is secured by a valid and
perfected, first priority security interest in the assets sold to the principal Obligor by the Originator pursuant to such Contract and, if the principal amount thereof exceeds $10,000, with respect to which the Originator or Seller or Servicer has
delivered to the Agent UCC financing statements filed in each jurisdiction necessary to perfect such security interest; 
 (xiii) which (A) does not require the Obligor under such Contract to consent to the transfer, sale or assignment of the rights of the Originator in order for the Buyers or the Agent to receive payments under such Contract or the right
to enjoy the benefits of any Related Security therefor, and (B) does not restrict the ability of the Buyers or the Agent to exercise their rights under this Agreement; 
 (xiv) which is not owed by an Obligor that is a debtor in any proceeding under the Bankruptcy Code or comparable provision of state or
foreign law or an assignor for the benefit of creditors; 
 (xv) which is not subject to any off-set, counterclaim or other
claimed defense; 
 (xvi) with respect to which the liability of the Obligor thereon is not conditioned upon the approval of
the Obligor of any goods sold or financed in connection therewith, and no such goods are subject to any repurchase obligations on the part of Seller or any return privilege on the part of such Obligor (other than the return privilege for defective
goods which will be replaced with conforming good in accordance with the terms of the Contract); 
 (xvii) under which the
initial payment is or was due no more than one month after the date the equipment sold thereunder was delivered, and that is payable in monthly installments, consisting of either level principal installments, together with accrued interest, or level
payments of principal and interest, except that: (1) Contracts having an aggregate outstanding principal balance at the time of determination of up to five percent (5%) of the aggregate outstanding principal balance for all Buyer Contracts
existing as of the date of determination may be Eligible Contracts despite having final balloon principal payments that are less than or equal to forty-five percent (45%) of the initial principal amount of such Contracts, (2) Contracts
having an aggregate outstanding principal balance at the time of determination of up to ten percent (10%) of the aggregate outstanding principal balance for all Buyer Contracts existing as of the date of determination may be Eligible Contracts
despite providing for payments of interest only for a period of up to twelve months after the date of the Contract, and (3) Contracts having an aggregate outstanding principal balance at the time of determination of up to 

  

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fifteen percent (15%) of the aggregate outstanding principal balance for all Buyer Contracts existing as of the date of determination may be Eligible
Contracts despite providing a single grace period of up to one hundred twenty (120) days (or, with respect to Discounted Contracts, as and to the extent provided in the definition thereof, one hundred fifty (150) days) during which no
payment is due (it being understood that such Eligible Contracts are subject to such limits only during such 150 day or other grace period); 
 (xviii) that is evidenced by an Installment Sale Contract - Security Agreement or Software Agreement in substantially the form of one of the four forms of Contract attached hereto as Exhibit A, or another form
of contract approved by the Majority Buyers in their sole and unlimited discretion; 
 (xix) that is owned by Seller free and
clear of any Lien or any claim of any other Person; 
 (xx) under which at least seventy-five percent (75%) of the
principal amount outstanding represents the purchase price of equipment (unless the Contract is an Eagle Soft Contract); 
 (xxi) which has an interest rate at least equal to the Buyers’ Rate plus 1% per annum as of the relevant Purchase Date and under which the principal amount outstanding does not exceed the remainder of (x) the aggregate
purchase price for all equipment and supplies subject to such Contract that would be charged by the Originator for a cash sale, minus (y) any downpayment by the relevant Obligor, except that Contracts having an aggregate principal balance
outstanding of up to fifteen percent (15%) of the aggregate outstanding principal balance for all Buyer Contracts as of the date of determination may be Eligible Contracts despite being Discounted Contracts; 
 (xxii) which, if an Eagle Soft Contract, has a final maturity of no more than 36 months after the date of such Eagle Soft Contract and an
aggregate outstanding principal balance at the time of determination that when added to the outstanding principal balance of all Buyer Contracts that are Eagle Soft Contracts, does not exceed ten percent (10%) of the outstanding principal
balance of all Buyer Contracts as of the date of determination; 
 (xxiii) which excludes residual value and any maintenance
component; 
 (xxiv) which provides for aggregate principal payments thereunder in an amount not greater than $400,000;

 (xxv) the outstanding principal balance of which, together with the outstanding principal balance of all Contracts with the
same Obligor as the Contract, does not exceed $400,000; and 
 (xxvi) which, if originated by Webster, has an outstanding
principal balance that, when added to the outstanding principal balance of all other Buyer Contracts originated by Webster, does not exceed 5% of the outstanding principal balance of all Buyer Contracts as of the date of determination. 

 

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 ERISA: The Employee Retirement Income Security Act of 1974, as amended, and any successor statute,
together with regulations thereunder. 
 ERISA Affiliate: Any trade or business (whether or not incorporated) that is a member of a
group of which Seller is a member and which is treated as a single employer under Section 414 of the Code. 
 Eurodollar Business
Day: A Business Day which is also a day for trading by and between banks in United States dollar deposits in the interbank Eurodollar market and a day on which banks are open for business in New York City. 
 Eurodollar Interbank Rate: With respect to each Interest Period or, if elected by Seller pursuant to Section 2.7, a fixed rate period, the
average offered rate for deposits in United States dollars (rounded upward, if necessary, to the nearest 1/16 of 1%) for delivery of such deposits on the first day of such Interest Period or Fixed Rate Period, for the number of days in such Interest
Period or Fixed Rate Period, which appears on the Reuters Screen LIBOR01 Page or any successor thereto as of 11:00 a.m., London time (or such other time as of which such rate appears) two Eurodollar Business Days prior to the first day of such
Interest Period or Fixed Rate Period, or the rate for such deposits determined by the Agent at such time based on such other published service of general application as shall be selected by the Agent for such purpose; provided, that in lieu of
determining the rate in the foregoing manner, the Agent may determine the rate based on rates at which United States dollar deposits are offered to the Agent in the interbank Eurodollar market at such time for delivery in Immediately Available Funds
on the first day of such Interest Period or Fixed Rate Period in an amount approximately equal to the purchase by the Agent to which such Interest Period or Fixed Rate Period is to apply (rounded upward, if necessary, to the nearest 1/16 of 1%).

 Eurodollar Rate (Reserve Adjusted): With respect to each Interest Period or Fixed Rate Period, the rate (rounded upward, if
necessary, to the next one sixteenth of one percent) determined by dividing the Eurodollar Rate for such Interest Period or Fixed Rate Period by 1.00 minus the Eurodollar Reserve Percentage. 
 Eurodollar Reserve Rate: As of any day, that percentage (expressed as a decimal) which is in effect on such day, as prescribed by the Board for
determining the maximum reserve requirement (including any basic, supplemental or emergency reserves) for a member bank of the Federal Reserve System, with deposits comparable in amount to those held by the Agent, in respect of “Eurocurrency
Liabilities” as such term is defined in Regulation D of such Board. The rate of interest applicable to any outstanding purchase shall be adjusted automatically on and as of the effective date of any change in the Eurodollar Reserve Percentage.

 Excess Spread: As of the last day of any fiscal month, the sum of (i) the weighted average annual percentage rate accruing on
the Buyer Contracts, minus (ii) any Servicing Fee, minus (iii) if a Hedging Agreement shall have been entered into, the applicable Hedge Fixed Rate and otherwise, the then applicable per annum Yield during such month, minus (iv) the
Commitment Fee. 
  

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 Final Maturity Date: April 27, 2013 (or in the case of Contracts described in clause
(xvii)(3) of the definition of Eligible Contracts, July 27, 2013, as the same may be extended from time to time in writing by the Buyers, in their sole and absolute discretion, at the request of Seller. 
 Finance Charge Collections: Collections consisting of Finance Charges. 
 Finance Charges: With respect to a Buyer Contract, any finance, interest, late payment charges or similar charges owing by an Obligor pursuant to
such Buyer Contract. 
 Financial Officer: With respect to Seller, its Chief Executive Officer, Chief Financial Officer, Treasurer or
Controller. 
 Financing Statements: Those UCC financing statements filed from time to time by Agent against Seller, or any UCC
financing statements filed by Seller against an Originator. 
 Fixed Rate Period: As defined in Section 2.8. 
 Fixed Rate Tranches: As defined in Section 2.8. 
 GAAP: Generally accepted accounting principles as applied in the preparation of the audited financial statement of PCI referred to in Section 8.5. 
 Hedge Fixed Amount: With respect to each Interest Period, an amount equal to the product of (i) the average Buyer Investment
outstanding during such Interest Period of all Buyer Interests of all Buyers times (ii) the applicable Hedge Fixed Rate, times (iii) a fraction, the numerator of which is the number of days in such Interest Period and the denominator of
which is 360. 
 Hedge Fixed Rate: For any day during an Interest Period, the fixed rate payable under the Hedging Agreement (without
taking into account any netting provisions thereunder), as such rate may be reset from time to time. 
 Hedge Floating Amount: With
respect to an Interest Period, an amount equal to the product of (i) the average Buyer Investment outstanding during such Interest Period of all Buyer Interest of all Buyers, times, (ii) the one-month Eurodollar Rate (Reserve Adjusted)
applicable to the Buyer Investments during such Interest Period, times (iii) a fraction, the numerator of which is the number of days in such Interest Period and the denominator of which is 360. 
 Hedge Provider: U.S. Bank National Association, and any replacement selected by Agent and Buyers. 
 Hedging Agreement: An interest rate hedge agreement with a Hedge Provider pursuant to which Seller shall have the fixed rate obligation and such
Hedge Provider shall have the floating rate obligation, together with the related confirmations and schedules thereunder. 
  

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 Hedging Obligations: All amounts payable to a Hedge Provider under such Hedge Provider’s
Hedging Agreement, including, without limitation, the accrued fixed amount under such Hedging Agreement and all breakage costs associated with the termination of such Hedging Agreement. 
 Immediately Available Funds: Funds with good value on the day and in the city in which payment is received. 
 Independent Governor: Means a governor of Seller who is not at such time, and has not been at any time during the preceding five (5) years,
(i) a director, officer, governor, manager, member, employee or affiliate of PCI or any Subsidiary or any of their Affiliates (other than an independent governor or independent director of a special purpose bankruptcy remote entity organized
for the purpose of providing financing to PCI through the securitization or similar transfer, please or conveyance of accounts receivable), (ii) the beneficial owner of any of the outstanding common membership units or capital stock, as
applicable of PCI or any Subsidiary, having general voting rights. 
 Individual Purchase Commitment Amount: With respect to any
Buyer, initially the amount set opposite such Buyer’s name on the signature pages hereof as its Individual Purchase Commitment Amount, as the same may be reduced or increased from time to time pursuant to Section 2.3 or Section 13.4.

 Intercreditor Agreement: The Amended and Restated Intercreditor Agreement dated as of April 27, 2007 among JPMorgan Chase
Bank, N.A., the Agent, Seller, PCI and PDC Funding. 
 Interest Period: Each period beginning on a Settlement Date and ending on the
day before the next Settlement Date. The final Interest Period shall end on the Final Maturity Date. 
 JPMorgan Securitization: The
sale of Contracts to PDC Funding by the Originators and the subsequent sale by PDC Funding to JPMorgan Chase Bank, N.A. (as successor to Bank One, NA (Main Office Chicago), as agent. 
 JPMorgan Securitization Documents: (i) That certain receivables sale agreement dated as of May 10, 2002 among PDSI, Webster and PDC
Funding (including any Sale Assignment (as defined therein) executed pursuant thereto) and (ii) the Amended and Restated Receivables Purchase Agreement dated as of October 7, 2004 among PCI, PDC Funding, JPMorgan Chase Bank, N.A.
(successor by merger to Bank One, NA (Main Office Chicago)), as agent, and the financial institutions from time to time party thereto, in each case as the same may be amended, restated, supplemented or otherwise modified from time to time.

 Lien: With respect to any Person, any security interest, mortgage, pledge, lien, charge, encumbrance, title retention agreement or
analogous instrument or device (including but not limited to the interest of each lessor under any capitalized lease), in, of or on any assets or properties of such Person, now owned or hereafter acquired, whether arising by agreement or operation
of law. 
  

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 Majority Buyers: At any time, if there are two or fewer Buyers, Buyers whose Buyer’s
Percentages aggregate 100%; if there are more than two Buyers, Buyers whose Buyer’s Percentages aggregate at least 60%. 
 Multiemployer Plan: A multiemployer plan, as such term is defined in Section 4001 (a) (3) of ERISA, which is maintained (on the Closing Date, within the five years preceding the Closing Date, or at any time after the
Closing Date) for employees of Seller or any ERISA Affiliate. 
 Net Receivables Balance: At any time, (i) the aggregate
outstanding principal balance of all Buyer Contracts that are then Eligible Contracts (other than Discounted Contracts) at such time plus (ii) the aggregate amount of all Discounted Balances at such time for all Discounted Contracts that
are then Eligible Contracts. 
 Obligations: As defined in Section 2.6. 
 Obligor: Any Person who or which is directly or indirectly obligated to pay any Contract, including, without limitation, any guarantor and any
accommodation maker. 
 Originator: Webster or PDSI. 
 PBGC: The Pension Benefit Guaranty Corporation, established pursuant to Subtitle A of Title IV of ERISA, and any successor thereto or to the functions thereof. 
 PCI: Patterson Companies, Inc., a Minnesota corporation. 
 PCI Documents: As defined in Section 5.1(a). 
 PCI Support Agreement: That certain
Support Agreement dated as of April 27, 2007 executed by PCI in favor of Agent. 
 PDC Funding: PDC Funding Company, LLC, a
Minnesota limited liability company. 
 PDSI: Patterson Dental Supply, Inc. 
 Permitted Account Sales: Sales (including licenses), with limited recourse, or no recourse, (i) by PDSI or Webster of Accounts derived from
sales on contract of furnishings and equipment (but not, however, open-account sales of supplies and not accounts derived from provision of services) to the Seller or PDC Funding, (ii) by PDC Funding under the JPMorgan Securitization Documents
and (iii) by Seller hereunder. 
 Person: Any natural person, corporation, partnership, limited partnership, limited liability
company, joint venture, firm, association, trust, unincorporated organization, government or governmental agency or political subdivision or any other entity, whether acting in an individual, fiduciary or other capacity. 
 Plan: Each employee benefit plan (whether in existence on the Closing Date or thereafter instituted), as such term is defined in Section 3 of
ERISA, maintained for the benefit of employees, officers or directors of Seller or of any ERISA Affiliate, other than a Multiemployer Plan. 
  

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 Prime Rate: The rate of interest from time to time publicly announced by the Agent as its
“prime rate.” The Agent may lend to its customers at rates that are at, above or below the Prime Rate. For purposes of determining any interest rate hereunder which is based on the Prime Rate, such interest rate shall change as and when
the Prime Rate shall change. 
 Principal Collections: Collections other than Finance Charge Collections. 
 Purchase Commitment: The obligation of the Buyers to purchase Buyer Interests from Seller, on the terms and subject to the conditions and
limitations set forth in this Agreement, on a Purchase Date in an aggregate principal amount not to exceed the remainder of: (x) the Purchase Commitment Amount, minus (y) the aggregate Buyer Investments outstanding on all Buyer
Interests as of the relevant Purchase Date. 
 Purchase Commitment Amount: As of any date, the sum of the Individual Purchase
Commitment Amounts of all Buyers. 
 Purchase Commitment Period: The period commencing on the Closing Date and ending on the Business
Day preceding the Purchase Termination Date. 
 Purchase Date: The Closing Date and any subsequent Settlement Date selected by Seller
pursuant to Section 2.1 hereof on which a purchase of Buyer Interests is made pursuant to this Agreement. 
 Purchase Price: With
respect to any Buyer Interest, the amount paid to Seller for such Buyer Interest which shall not exceed the least of (i) the amount requested by Seller in the applicable Purchase Request, (ii) the Unused Purchase Commitment on the
applicable Purchase Date, taking into account any other proposed purchase of a Buyer Interest requested on the applicable Purchase Date, and (iii) the excess, if any, of the Net Receivables Balance (less the Credit Enhancement) on the
applicable Purchase Date over the aggregate outstanding amount of Buyer Investments determined as of the date of the most recent Settlement Date, taking into account any other proposed purchase of Buyer Interests requested on the applicable Purchase
Date. 
 Purchase Request: As defined in Section 2.2. 
 Purchase Termination Date: The earliest of (a) April 27, 2008, as the same may be extended from time to time in writing by the Buyers, in
their sole and absolute discretion, at the request of Seller, (b) the date on which the Purchase Commitment is terminated pursuant to Section 11.2, or (c) the date on which the Purchase Commitment Amount is reduced to zero pursuant to
Section 2.3. 
 Quarterly Payment Date: The last Business Day of each March, June, September and December, and the Final Maturity
Date. 
  

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 Receivables Sale Agreement: That certain Receivables Sale Agreement dated as of April 27,
2007 among the Originators and Seller. 
 Related Security: With respect to any Contract, (i) any property or interest in
property securing payment of that Contract, (ii) any related guaranty, surety bond, insurance policy or other document or instrument given as assurance for the repayment of that Contract (iii) any of Seller’s right, title and interest
in the Receivables Sale Agreement pursuant to which it acquired the Contract and (iv) all of Seller’s rights under any Hedging Agreements. 
 Related Security Document: With respect to any Contract, any security agreement, financing statement, mortgage, deed of trust or similar instrument, guaranty, pledge agreement, letter of credit or other
agreement, instrument or document evidencing, setting forth or otherwise pertaining to the Related Security for that Contract. 
 Reportable Event: A reportable event as defined in Section 4043 of ERISA and the regulations issued under such Section, with respect to a Plan, excluding, however, such events as to which the PBGC by regulation has waived the
requirement of Section 4043(a) of ERISA that it be notified within 30 days of the occurrence of such event, provided that a failure to meet the minimum funding standard of Section 412 of the Code and of Section 302 of ERISA
shall be a Reportable Event regardless of the issuance of any waiver in accordance with Section 412(d) of the Code. 
 Seller: As
defined in the opening paragraph of this Agreement. 
 Seller Documents: As defined in Section 5.1(a). 
 Servicer: PCI, in its capacity as agent and servicer for the Buyers hereunder and any successor thereto. 
 Servicing Fee: As defined in Section 4.5. 
 Settlement Date: The third Friday of each Accounting Period, or if such date is not a Business Day, then the next succeeding Business Day; provided, however, that at the Servicer’s option, the
Settlement Date shall be postponed by one Business Day for each holiday of the Servicer that occurs during the relevant Accounting Period and prior to the date that would otherwise be the Settlement Date (but no Settlement Date shall be postponed by
more than three Business Days); provided further, however, that the Closing Date shall also be a Settlement Date. 
 Subsidiary: Any corporation or other entity of which more than fifty percent (50%) of the securities or other ownership interests having ordinary voting power for the election of the board of directors or other Persons
performing similar functions are owned by PCI either directly or through one or more Subsidiaries. 
 Termination Event: Any event
described in Section 11.1. 
 Transaction Documents: This Agreement, the Receivables Sale Agreement, the PCI Support Agreement,
the Intercreditor Agreement and any Hedging Agreements. 
  

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 Unmatured Termination Event: Any event which, with the giving of notice (whether such notice is
required under Article XI, under some other provision of this Agreement, or otherwise) or lapse of time, or both, would constitute a Termination Event. 
 Unused Purchase Commitment: As of any date of determination, the amount (if any) by which the Purchase Commitment Amount exceeds the aggregate amount of the Buyer Investments as of the date of determination.

 Webster: Webster Veterinary Supply, Inc. 
 Yield: For each respective Interest Period relating to any Buyer Interests, an amount equal to the product of the Buyers’ Rate for such Buyer Interests multiplied by the Buyer Investment of such Buyer
Interests for each day elapsed during such Interest Period, annualized on a 360 day basis. 
 Section 1.2 Accounting Terms and
Calculations. Except as may be expressly provided to the contrary herein, all accounting terms used herein shall be interpreted and all accounting determinations hereunder shall be made in accordance with GAAP, consistently applied. To the
extent any change in GAAP affects any computation or determination required to be made pursuant to this Agreement, such computation or determination shall be made as if such change in GAAP had not occurred unless Seller and the Buyers agree in
writing on an adjustment to such computation or determination to account for such change in GAAP. 
 Section 1.3 Computation of Time
Periods. In this Agreement, in the computation of a period of time from a specified date to a later specified date, unless otherwise stated the word “from” means “from and including” and the word “to” or
“until” each means “to but excluding”. 
 Section 1.4 Other Definitional Terms. The words “hereof”,
“herein” and “hereunder” and words of similar import when used in this Agreement shall refer to this Agreement as a whole and not to any particular provision of this Agreement. References to Sections, Exhibits, schedules and like
references are to this Agreement unless otherwise expressly provided. The words “include”, “includes” and “including” shall be deemed to be followed by the phrase “without limitation”. Unless the context in
which used herein otherwise clearly requires, “or” has the inclusive meaning represented by the phrase “and/or”. 
 ARTICLE II 
 TERMS OF THE CONTRACT PURCHASES 
 Section 2.1 Purchase and Sale of Contracts; Purchase Price. Subject to the terms and conditions of this Agreement, on such Purchase Date or Purchase Dates prior to the Purchase Termination Date with
respect to which Seller shall have given the Agent, on behalf of the Buyers, a timely Purchase Request pursuant to Section 2.2, Seller will sell to the Buyers and the Buyers will severally purchase from Seller the Buyer Interests; provided,
however, that the Buyers will not be required to purchase any Buyer Interests that would cause (i) the aggregate Buyer Investments outstanding, to exceed (ii) the Purchase Commitment Amount, all determined as of the relevant Purchase Date;
and provided further that the Buyers shall not be required to purchase any Buyer Interests from Seller unless the aggregate Purchase Price of the Buyer Interests to be purchased on that Purchase Date is $500,000 or more. The Buyer Interests
shall 

  

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be purchased by the Buyers ratably in the proportion of their respective Individual Purchase Commitment Amounts. The price to be paid by the Buyers to Seller
on each Purchase Date shall equal the aggregate Purchase Price of all Buyer Interests offered by Seller to the Buyers and accepted by the Buyers on such Purchase Date. The sales of Buyer Interests contemplated hereby shall be made pursuant to and in
reliance upon the representations, warranties and agreements of Seller contained herein and in the documents delivered pursuant hereto, and shall be without recourse against Seller except as provided herein. 
 Section 2.2 Procedures For Contract Purchases. Not less than five Business Days before the date Seller desires to sell Buyer Interests to the
Buyers hereunder, Seller shall deliver to the Agent a written request to purchase Buyer Interests in the form of Exhibit B attached hereto or another form acceptable to the Majority Buyers (a “Purchase Request”), setting forth
(a) the proposed Purchase Date, (b) the Contracts in which Seller proposes to sell the Buyer Interests on such date, identified by the name of the Obligor under, and the principal amounts outstanding under, each Contract, and specifying
which Contracts, if any, are Discounted Contracts and Seller’s “book basis yield” with respect to each such Discounted Contract, and (c) the Purchase Price for the Buyer Interests. The Agent shall promptly notify each other Buyer
of the receipt of such Purchase Request, the matters specified therein, and of such Buyer’s ratable share of the requested Purchase Price (which shall be that Buyer’s respective Buyer’s Percentage thereof). The Agent and the Buyers
shall have an opportunity prior to each Purchase Date to inspect all documentation relating to the Contracts comprising the offered Buyer Interests as the Agent or the Buyers shall request and shall in no event be obligated to purchase any Buyer
Interests that the Agent, in its reasonable discretion, determines is comprised of one or more Contracts that are not Eligible Contracts. On or before each Purchase Date: 
 (i) Seller shall deliver to the Servicer the original executed Buyer Contracts to be held by the Servicer in accordance with
Section 3.1 hereof; 
 (ii) Seller shall place all records maintained by it relating to such Buyer Contracts in separate
files with appropriate markings to indicate the Buyers’ ownership of the Buyer Interests therein; and 
 (iii)
Seller shall conspicuously stamp the first page of each Buyer Contract with the following notice: “An interest in this Contract has been assigned to U.S. Bank National Association, as Agent. Any purchase of this Contract would violate the
rights of U.S. Bank National Association.” 
 On each Purchase Date, each Buyer shall provide its Buyer’s Percentage of the
requested Purchase Price to the Agent in Immediately Available Funds not later than 2:00 p.m., Minneapolis time. Unless (i) the Agent determines that any applicable condition specified in Article V has not been satisfied, or
(ii) one or more of the Buyers does not provide its Buyer’s Percentage of the requested Purchase Price in a timely fashion, the Agent will pay to Seller, in Immediately Available Funds, the Purchase Price for the Buyer Interests, such
payment to be made at the Agent’s principal office in Minneapolis, Minnesota in Immediately Available Funds not later than 4:00 p.m. (Minneapolis time) on the requested Purchase Date. 
  

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 Section 2.3 Optional Reduction of Purchase Commitment Amount. The Seller may, at any time,
upon not less than five Business Days prior written notice to the Agent, ratably among the Buyers reduce the Individual Purchase Commitment Amounts, with any such reduction in a minimum amount of $1,000,000 for each Individual Purchase Commitment,
or, if more, in an integral multiple of $500,000; provided, however that the Purchase Commitment Amount may not be reduced to an amount less than the aggregate amount of Buyer Investments as of the date of the reduction. 
 Section 2.4 Commitment Fee. The Seller hereby agrees to pay to the Buyers a commitment fee (the “Commitment Fee”) in an amount
equal to the Applicable Commitment Percentage per annum of the average daily Unused Purchase Commitment. Such Commitment Fees are payable in arrears on each Quarterly Payment Date. The Commitment Fees shall be computed on the basis of actual days
elapsed and a year of 360 days. 
 Section 2.5 Yield Payments. Each Buyer Investment shall accrue Yield for each day at the
Buyers’ Rate in accordance with the terms and conditions hereof. On each Settlement Date, Seller shall pay to the Agent (for the benefit of the Buyers) an aggregate amount equal to all accrued and unpaid Yield for the entire Interest Period of
each such Buyer Interest in accordance with Article IV. On the third Business Day immediately preceding the Settlement Date for each Buyer Interest, Agent shall calculate the aggregate amount of accrued and unpaid Yield for the entire Interest
Period of each Buyer Interest and shall notify Seller of such aggregate amount. 
 Section 2.6 Payments. Notwithstanding any
limitation on recourse contained in this Agreement, Seller shall immediately pay to the Agent when due, for the account of the relevant Buyers on a full recourse basis, (i) all amounts payable as Yield pursuant to Section 2.5,
(ii) all amounts payable as Deemed Collections (which shall be immediately due and payable by Seller and applied to reduce outstanding Buyer Investment hereunder in accordance with Sections 4.1 and 4.2 hereof), (iii) all amounts
required pursuant to Sections 2.9 herein, (iv) all amounts payable pursuant to Section 10.15 and Article XII, if any, (v) all Servicer costs and expenses, including the Servicing Fee, in connection with servicing,
administering and collecting the Buyer Contracts, (vi) all Hedging Obligations and (vii) all Default Fees (collectively, the “Obligations”). If Seller fails to pay any of the Obligations when due, Seller agrees to pay, on demand,
a default fee equal to interest on the overdue amount equal to the Prime Rate plus 2% per annum (the “Default Fee”) in respect thereof until paid. Notwithstanding the foregoing, no provision of this Agreement shall require the
payment or permit the collection of any amounts hereunder in excess of the maximum permitted by applicable law. If at any time Seller receives any Collections or is deemed to receive any Collections, Seller shall immediately pay such Collections or
Deemed Collections to the Servicer for application in accordance with the terms and conditions hereof and, at all times prior to such payment, such Collections or Deemed Collections shall be held in trust by Seller for the exclusive benefit of the
Buyers and the Agent. 
 Section 2.7 Security Interest. The Seller and the Buyers intend that the transactions contemplated
hereby shall be treated as an absolute and irrevocable purchase and sale of the Buyer Interests and not as a lending transaction. In the event the transactions contemplated hereby are determined not to constitute purchases and sales despite the
intentions of the parties, (a) Seller shall be deemed to have granted to the Agent, for the benefit of the Buyers, and Seller does hereby grant to the Agent, for the benefit of the Buyers, a security interest in and to Seller’s 

  

 18 

 
interest in each Buyer Contract, all proceeds of all of the foregoing and all of Seller’s rights to and interests in and under the Receivables Sale
Agreement, to secure (x) repayment of the Buyer Investments and all of Seller’s Obligations under this Agreement, whether now existing or hereafter created, and (y) the Servicer’s obligations to remit proceeds of the Contracts
and make other payments to the Agent for the benefit of the Buyers as provided in Article IV, and (b) the Financing Statements shall perfect such security interest. 
 Section 2.8 Fixing of Interest Periods. Seller may elect to fix the Eurodollar Interbank Rate with respect to any portion of the Buyer
Investments (each such portion, a “Fixed Rate Tranche”) for a period of two, three, six or (if acceptable to all of the Buyers, in their sole and absolute discretion) nine or twelve Interest Periods (each a “Fixed Rate Period”),
by giving the Agent notice, which may be by telephone, given so as to be received by the Agent not later than 10:00 a.m., Minneapolis time, three Business Days prior to the first day of such Fixed Rate Period (which must be a Settlement Date).
No Fixed Rate Tranche may be elected if, after giving effect thereto, the scheduled amortization of the Buyer Contracts would result in any portion of any Fixed Rate Tranche being repaid before the end of the Fixed Rate Period applicable thereto.
Fixed Rate Tranches may only be elected in amounts of $500,000 or an integral multiple thereof. Each such notice shall specify (i) the portion of the Buyer Investments to be included in such Fixed Rate Tranche and (ii) the number of
Interest Periods to be included in such Fixed Rate Period. For all or any portion of the outstanding Buyer Investments with respect to which no election pursuant to this Section 2.8 is effective, the Eurodollar Interbank Rate and the Eurodollar
Rate (Reserve Adjusted) will be determined for a single Interest Period. No election pursuant to this Section 2.8 may be made if a Termination Event or Unmatured Termination Event has occurred and is continuing. No more than five Fixed Rate
Tranches may be outstanding at any one time. 
 Section 2.9 Funding Losses; Fixed Rate Tranches. Seller shall compensate each
Buyer, upon its written request, for all losses, expenses and liabilities (including any interest paid by such Buyer to lenders of funds borrowed by it to make or carry Fixed Rate Tranches to the extent not recovered by such Buyer in connection with
the re-employment of such funds and including loss of anticipated profits) which such Buyer may sustain if, for whatever reason, any principal amount of a Fixed Rate Tranche is paid, or the rate payable thereon is converted pursuant to
Section 12.3, on any day prior to the last day of the Fixed Rate Period applicable thereto. A Buyer’s request for compensation shall set forth the basis for the amount requested and shall be final, conclusive and binding, absent error.

 Section 2.10 Payment Rescission. No payment of any of the Buyer Investment or other Obligations shall be considered paid or
applied hereunder to the extent that, at any time, all or any portion of such payment or application is rescinded by application of law or judicial authority, or must otherwise be returned or refunded for any reason. Seller shall remain obligated
for the amount of any payment or application so rescinded, returned or refunded, and shall promptly pay to the Agent (for application to the Person or Persons who suffered such rescission, return or refund), the full amount thereof, plus the Default
Fee from the date of any such rescission, return or refunding. 
  

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 ARTICLE III 
 COLLECTIONS AND SERVICING 
 Section 3.1 Servicing Agency; Holding of Buyer Contracts.

 (a) Contract Collections. Until such time, if any, as the Agent shall notify Seller in writing pursuant to
Section 3.4 hereof of the revocation of such power and authority, PCI shall act as Servicer and collect or cause to be collected for and on behalf of the Buyers and the Hedge Providers, if any, from the Obligors under all Buyer Contracts,
Related Security and Related Security Documents, all amounts as and when due and owing thereunder. The Servicer shall convert all checks and other instruments received on account of such amounts into immediately available funds as soon as is
commercially reasonable. On any day Servicer receives Collections and/or Deemed Collections, such Collections and Deemed Collections shall be set aside and held in trust by Servicer for the benefit of Agent, Buyers and the Hedge Providers, if any,
and shall be deposited as promptly as practicable (not later than the Business Day after the date such amounts are received) into the “Collection Account” (as defined in the next sentence). The Collection Account shall be a deposit account
in the name of the Seller. On each Settlement Date, the Servicer shall withdraw such portion of the funds in the Collection Account as is necessary to make any payments due to the Buyers, Hedge Providers (if any), Servicer and Seller on such
Settlement Date, under Sections 4.1, 4.2 or any other section hereof. At any time after the occurrence of a Termination Event, the Agent may withdraw any amounts in the Collection Account to pay any amounts due under Sections 4.1, 4.2 or
any other section hereof at any time, without instructions from the Servicer. Any amounts withdrawn by the Agent shall be applied in accordance with Sections 4.1 and 4.2 of this Agreement. 
 (b) Manner of Holding Buyer Contracts. The Servicer shall hold in trust, for the benefit of the Agent and the Buyers, the Buyer
Contracts, until its status as Servicer is terminated as set forth herein. The Servicer shall not release, deliver, sell, pledge or grant a security interest in or authorize the release, delivery, sale, pledge or the granting of a security interest
in, any Buyer Contract to any other entity or person, or take any other action with respect to any Buyer Contract which could cause the sale of the Buyer Interests to the Buyers to become unperfected or which could otherwise jeopardize the perfected
sale of any Buyer Interests. The Servicer shall physically segregate all Buyer Contracts from all other contracts or documents of Seller, and shall adequately designate such area as an area containing only Buyer Contracts. The Servicer shall review
Buyer Contracts for compliance with the legending requirements set forth in Section 2.2(iii) hereof. Upon receipt of written notice from the Agent, the Servicer shall deliver the Buyer Contracts immediately to the Agent. The Servicer shall not
honor any requests or instructions from any Person other than the Agent relating to any Buyer Contract. 
 Section 3.2 Standard of
Care. The Servicer shall, as part of its administrative and servicing obligations hereunder, be responsible for all administration, servicing and collection of all Buyer Contracts. In performing such functions, the Servicer agrees to exercise
the same degree of skill and care and apply the same standards, policies and procedures that it applies to the performance of the same functions with respect to other Contracts, Related Security, Related Security Documents and rights of recourse
owned by it (or, if it no longer owns any Contracts, in accordance with its practices when it did own Contracts). 
  

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 Section 3.3 Seller’s Obligations to Obligors. Anything herein to the contrary
notwithstanding, (a) the applicable Originator and/or Seller shall remain liable under the Buyer Contracts to the extent set forth therein to perform all of its duties and obligations thereunder to the same extent as if this Agreement had not
been executed and the Buyer Interests had not been sold to the Buyers, (b) the exercise by the Agent or any Buyer of any of the rights hereunder shall not release the Originators or Seller from any of their duties or obligations under the Buyer
Contracts, and (c) the Agent and the Buyer shall have no obligation or liability under the Buyer Contracts by reason of this Agreement, nor shall the Agent or the Buyer be obligated to perform any of the obligations or duties of Seller or
Originators thereunder or to take any action to collect or enforce any claim for payment assigned hereunder. The Originators and/or Seller will at all times observe and perform, or cause to be observed and performed, all contractual undertakings of
the applicable Originator and/or Seller to the Obligor under each Buyer Contract. 
 Section 3.4 Termination of Servicing Agency.
Notwithstanding the other provisions of this Article III, if the Agent reasonably determines at any time, in its sole discretion, that (i) the Servicer has failed to perform its servicing and collection functions hereunder and has not
corrected such failure within ten (10) days of Agent’s notifying the Servicer of such failure, (ii) a Termination Event has occurred and is continuing, or (iii) there has been a material adverse change in PCI’s financial
condition, the Agent may terminate PCI’s servicing hereunder by delivering written notice of the Agent’s revocation of PCI’s power and authority to service the Buyer Contracts. After delivering written notice pursuant to the preceding
sentence, the Agent may directly service the Buyer Contracts (or engage a third party to do so on the Buyers’ behalf). In such event, the Agent shall have the right, without limitation, and notwithstanding Section 4.5 hereof, to collect
and retain all payments received from Obligors and shall be entitled to reimbursement from Seller on demand for all reasonable expenses incurred by the Agent (including but not limited to any fees and expenses of any successor servicer and fees,
service charges and disbursements of legal counsel) in connection with such servicing activities. 
 Section 3.5 Notices of
Assignment to Obligors. On or before the Purchase Date with respect to each Buyer Contract, the applicable Originator or Seller, shall notify the Obligor that the Servicer is authorized to service such Buyer Contract. The Seller shall join in
giving to any Obligor such notice as the Agent may reasonably request of the Buyers’ purchase of the Buyer Interests under this Agreement. The Agent may give such notice at any time, in its sole and unlimited discretion. 
 Section 3.6 Books and Records. The Servicer will keep and maintain at its own cost and expense, satisfactory and complete records of the
Buyer Contracts, including a record of all payments received and credits granted with respect to all Buyer Contracts. 
 Section 3.7
Insurance; Notice of Loss. The Servicer shall enforce the provisions of the Buyer Contracts requiring the Obligors to maintain insurance as described in Section 8.23, in accordance with the standard of care required by Section 3.2.
The Servicer will promptly notify the Agent of any loss of or material damage to any Buyer Contract or of any substantial adverse change, known to that Seller, in any Buyer Contract or material item of Related Security or the prospect of payment or
performance thereof. 
  

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 ARTICLE IV 
 SETTLEMENTS 
 Section 4.1 Collections Prior to Termination Event. 
 (a) Collections Generally. The Servicer shall, on each Settlement Date, determine the portion of Collections and Deemed Collections
in the Collection Account which constitute Principal Collections and the portion of such Collections which constitute Finance Charge Collections. 
 (b) Application of Principal Collections. On each Settlement Date, the Agent will apply the Principal Collections on deposit in the Collection Account to make the following distributions in the following
amounts: (i) if any Purchase Request shall have been delivered in accordance with Section 2.2, to Seller to fund the Purchase Price of the Buyer Interest to be made on such date; otherwise, (ii) to the Agent for the account of the
Buyers as a further reduction of Buyer Investments. 
 (c) Application of Finance Charge Collections. On each
Settlement Date, the Agent will apply the Finance Charge Collections on deposit in the Collection Account, together with the applicable Hedge Floating Amount, if any, paid to the Servicer by each Hedge Provider pursuant to the applicable Hedging
Agreement and the net income on any investment earnings on amounts on deposit in the Collection Account to make the following distributions in the following amounts and order of priority: 
 first, if the Hedging Agreements shall be in effect, to each Hedge Provider, the applicable Hedge Fixed Amount, if any, due to
such Hedge Provider pursuant to the applicable Hedging Agreement as of such Settlement Date, 
 second, to the
reimbursement of the Agent’s and each Buyer’s costs of collection and enforcement of this Agreement, 
 third, to the Agent for the account of the Buyers, the Commitment Fee and all accrued and unpaid Yield in respect of Buyer Investments reduced pursuant to subsection (b) above and Yield on any remaining amounts of Buyer
Investments, 
 fourth, if the Servicer is not then Seller or an Affiliate of Seller, to the Servicer in payment of
the Servicing Fee, 
 fifth, to the Agent as a reduction of Buyer Investments in an amount necessary to pay in full
the outstanding principal balance of any Buyer Contract that became a Defaulted Contract during the related Settlement Period and Buyer Contracts that became a Defaulted Contract during any prior Settlement Period that have not previously been the
subject of payment hereunder, 
  

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 sixth, if Seller or an Affiliate of Seller is then acting as Servicer, to the
Servicer in payment of the Servicing Fee,
 seventh, to the applicable Persons, for the ratable payment in full of all
other unpaid Obligations, including all accrued and unpaid fees under Section 14.14 hereof, and 
 eighth, to
Seller. 
 Section 4.2 Collections Following Purchase Termination Date. On the Purchase Termination Date and on each day
thereafter, the Servicer shall set aside and hold in trust for the benefit of the Agent and the Buyers, in the Collection Account, all Collections and/or Deemed Collections received on such day and any additional amount, together with the applicable
Hedge Floating Amount, if any, paid to the Servicer by each Hedge Provider pursuant to the applicable Hedging Agreement and the net income on any investment earnings on amounts on deposit in the Collection Account for the payment of any Obligations
owed by Seller and not previously paid by Seller. On and after the Purchase Termination Date, the Servicer shall, at any time upon the request from time to time by (or pursuant to standing instructions from) the Agent (i) remit to the Agent the
amounts set aside pursuant to the preceding sentence, and/or (ii) apply amounts in the Collection Account as the Agent’s direction to reduce the Buyer Investments and any other Obligations. If there shall be insufficient funds on deposit
for the Servicer to distribute funds in payment in full of the aforementioned amounts, the Servicer shall distribute funds: 
 first, if the Hedging Agreement shall be in effect, the applicable Hedge Fixed Amount, if any due to each Hedge Provider pursuant to the applicable Hedging Agreement as of such Settlement Date, 
 second, to the reimbursement of the Agent’s and each Buyer’s costs of collection and enforcement of this Agreement,

 third, ratably to the payment of all accrued and unpaid Commitment Fees and all accrued and unpaid Yield in respect
to the Buyer Investments, 
 fourth, to the payment of the Servicer’s reasonable out-of-pocket costs and expenses
in connection with servicing, administering and collection the Buyer Contracts, including the Servicing Fee, if Seller, or one of its Affiliates is not then acting as the Servicer, 
 fifth, to the ratable reduction of Buyer Investments to zero, 
 sixth, for the ratable payment of all other unpaid Obligations, including all accrued and unpaid fees under Section 14.14
hereof, provided that to the extent such Obligations relate to the payment of Servicer costs and expenses, including the Servicing Fee, when Seller or one of its Affiliates is acting as the Servicer, such costs and expenses will not be paid
until after the payment in full all other Obligations, and 
  

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 seventh, after the Obligations have been indefeasibly reduced to zero and this
Agreement has terminated in accordance with its terms, any remaining Collections shall be remitted to Seller. 
 Section 4.3 Ratable
Payments. Collections applied to the payment of Yield, Buyer Investments and other Obligations shall be distributed in accordance with the aforementioned provisions, and, giving effect to each of the priorities set forth in Sections 4.1 and
4.2 above, shall be shared ratably (within each priority) among the Agent and the Buyers in accordance with the amount of such Yield, Buyer Investments and Obligations owing to each of them in respect of each such priority. 
 Section 4.4 Defaulted Contracts. If a Contract Default shall have occurred with respect to any Buyer Contract, the Servicer shall take all
reasonable actions, which may include filing lawsuits, to collect such Contract and to enforce the rights under any Related Security Document. The proceeds of any action to collect such a Contract or of a sale of any Related Security for such
Contract shall be applied first to the Servicer’s reasonable out-of-pocket costs and expenses (including the fees and disbursements of its counsel) incurred in obtaining such proceeds and second, to the Collection Account. 
 Section 4.5 Consideration to PCI. As full consideration for all of the Servicer’s servicing and collection functions hereunder and for
the Servicer’s obligation to advance such additional amounts as may from time to time be required hereunder, until the Servicer’s servicing agency is terminated, the Servicer shall be entitled to receive for its individual account, a fee
(the “Servicing Fee”) in an amount equal to 1% per annum of the Net Receivables Balance. The Servicing Fee shall accrue and be calculated for each Collection Period and payable on each Settlement Date. All collections will,
notwithstanding the terms of this Section 4.5, be deposited in the Collection Account no later than the Business Day following the Servicer’s receipt of immediately available funds with respect thereto. 
 ARTICLE V 
 CONDITIONS PRECEDENT TO
PURCHASES 
 Section 5.1 Conditions to Initial Purchase. The Buyers’ obligation to purchase the Buyer Interests hereunder
and the effectiveness of this Agreement, is subject to the satisfaction of the following conditions: 
 (a) Documents.
The Agent shall have received the following, in sufficient counterparts for each Buyer: 
 (i) A copy of this Agreement, duly
executed by Seller and the Buyers. 
 (ii) A copy of the Receivables Sale Agreement, executed by the Originators and Seller.

 (iii) A copy of the PCI Support Agreement, duly executed by PCI. 
  

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 (iv) A copy of the Assignment Agreement, executed by parties thereto. 
 (v) A copy of a letter agreement terminating the escrow agreement previously in place on the Collection Account. 
 (vi) A copy of the corporate resolutions of PCI authorizing the execution, delivery and performance of this Agreement and the PCI Support
Agreement (collectively, the “PCI Documents”), certified as of the Closing Date by the Secretary or an Assistant Secretary of PCI. 
 (vii) An incumbency certificate showing the names and titles and bearing the signatures of the officers of PCI authorized to execute the PCI Documents, certified as of the Closing Date by the Secretary or an Assistant
Secretary of PCI. 
 (viii) A copy of the Articles of Incorporation of PCI with all amendments thereto, certified by the
appropriate governmental official of the jurisdiction of its incorporation as of a date not more than 15 days prior to the Closing Date. 
 (ix) A long-form certificate of good standing for PCI in the jurisdiction of its incorporation, certified by the appropriate governmental officials as of a date not more than 15 days prior to the Closing Date.

 (x) A copy of the bylaws of PCI, certified as of the Closing Date by the Secretary or an Assistant Secretary of PCI.

 (xi) A copy of the corporate resolutions of Seller authorizing the execution, delivery and performance of this Agreement
and the Receivables Sale Agreement (collectively, the “Seller Documents”), certified as of the Closing Date by the Secretary or an Assistant Secretary of Seller. 
 (xii) An incumbency certificate showing the names and titles and bearing the signatures of the officers of Seller authorized to execute
Seller Documents, and to request purchases of Buyer Interests hereunder, certified as of the Closing Date by the Secretary or an Assistant Secretary of Seller. 
 (xiii) A copy of the Articles of Organization of Seller with all amendments thereto, certified by the appropriate governmental official of
the jurisdiction of its incorporation as of a date not more than 15 days prior to the Closing Date. 
 (xiv) A long-form
certificate of good standing for Seller in the jurisdiction of its organization, certified by the appropriate governmental officials as of a date not more than 15 days prior to the Closing Date. 
 (xv) A copy of the bylaws of Seller, certified as of the Closing Date by the Secretary or an Assistant Secretary of Seller. 
  

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 (xvi) A copy of the corporate resolutions of the Originators authorizing the execution,
delivery and performance of the Receivables Sale Agreement, certified as of the Closing Date by the Secretary or an Assistant Secretary of the applicable Originators. 
 (xvii) A certificate dated the Closing Date of a Financial Officers of Seller certifying as to the matters set forth in Sections 5.2(b)
and (c). 
 (b) Opinion. The Seller shall have requested its outside counsel, to prepare a written opinion, addressed
to the Agent and the Buyers and dated the Closing Date, covering the bankruptcy related issues of the sale and non-consolidation, enforceability of the Transaction Documents and corporate authority matters, and such opinion, in form acceptable to
Agent, shall have been delivered to the Agent in sufficient counterparts for each Buyer. 
 (c) Compliance. PCI and
Seller shall have performed and complied with all agreements, terms and conditions contained in this Agreement required to be performed or complied with by Seller prior to or simultaneously with the Closing Date. 
 (d) Credit and Collection Policies. PCI and Seller shall have provided the Buyers with copies of the Credit and Collection
Policies as in effect on the Closing Date, which shall be satisfactory in all respects to the Buyers. 
 (e) Fees and
Expenses. The Agent shall have received all fees and amounts due and payable by the Agent or the Buyers on or prior to the Closing Date, including the reasonable fees and expenses of counsel of the Agent. 
 (f) Legend. Seller or Servicer shall have marked the Buyer Contracts with the legend required by Section 2.2(iii).

 Section 5.2 Conditions Precedent to All Purchases. The obligation of the Buyers to purchase any Buyer Interests hereunder
(including the first Buyer Interests to be purchased hereunder) shall be subject to the fulfillment of the following conditions: 
 (a) all obligations in Section 2.2 hereof shall have been fulfilled to the satisfaction of the Agent; 
 (b)
the representations and warranties of PCI and Seller herein shall be true and correct on the Purchase Date in all material respects with the same force and effect as if originally made on such Purchase Date, and PCI and Seller shall have performed
and complied with all agreements and conditions required hereby to be performed or complied with prior to or on such Purchase Date; 
 (c) no Unmatured Termination Event or Termination Event shall have occurred and be continuing on any Purchase Date or will exist after giving effect to the purchase and sale of the Buyer Interests to be made on such Purchase Date; and

  

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 (d) there shall have been delivered to the Agent such additional documents as shall be
requested by the Agent pursuant to Section 9.6. 
 ARTICLE VI 
 REPORTS AND INFORMATION; INSPECTION 
 Section 6.1 Settlement Date
Statements. The Servicer shall deliver to each Buyer on or before each Settlement Date a settlement statement certified by a duly authorized officer or employee of the Servicer, in substantially the form of Exhibit C: 
 (a) setting forth as to each Buyer Contract that remains outstanding: 
 (i) the amount of principal collected during the preceding Collection Period deposited into the Collection Account; the amount of interest
collected during the preceding Collection Period; the amount of any other payment collected by Servicer with respect to such Contracts during the preceding Collection Period deposited into the Collection Account; and the remaining principal balance
with respect to such Contracts as of the last occurring Determination Date; all determined and reported on an aggregate basis for all Buyer Contracts; and 
 (ii) the principal balance outstanding; the number of payments remaining to be made; whether such Contract has been modified or amended or contains provisions authorizing the Obligor to skip a payment, interest only
or balloon payments; and whether to the Servicer’s knowledge any Obligor is in any way in default under the terms of the Contract or any Related Security Documents; all determined and reported for each Buyer Contract on an individual basis;

 (b) listing each Buyer Contract that remains outstanding with respect to which the Obligor has not paid any amount due
thereunder within sixty (60) days of its due date; 
 (c) listing each Buyer Contract relating to the Buyer Interests to
be purchased on that Settlement Date that is an Eligible Contract pursuant to one or more of clauses (xvii)(1) through (3) or (xxi) of the definition of Eligible Contract, identifying which clauses are applicable to each such Contract
and giving the Purchase Price of the Buyer Interests related thereto; 
 (d) giving the total Purchase Price of all Buyer
Interests purchased by the Buyers on or prior to that Settlement Date, and including computations demonstrating that such aggregate Purchase Price does not exceed the maximums specified in such clauses (xvii)(1) through (3) and
(xxi) of the definition of Eligible Contract; and 
 (e) describing each modification of a Buyer Contract entered
into by the Servicer during the preceding Collection Period and containing calculations demonstrating that the Contracts so modified by the Servicer do not violate the terms specified in Section 9.1. 
  

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 Section 6.2 Financial Statements. PCI and Seller shall deliver to each Buyer: 
 (a) As soon as available and in any event within 90 days after the end of each fiscal year of PCI, the annual audit report of PCI and its
Subsidiaries prepared on a consolidated basis and in conformity with GAAP, consisting of at least statements of income, cash flow, changes in financial position and stockholders’ equity, and a consolidated balance sheet as at the end of such
year, setting forth in each case in comparative form corresponding figures from the previous annual audit, certified without qualification by independent certified public accountants of recognized standing selected by PCI and acceptable to the Agent
and the Buyers, together with any management letters, management reports or other supplementary comments or reports to PCI or its board of directors furnished by such accountants. 
 (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, a
copy of the unaudited financial statement of PCI and its Subsidiaries, prepared on the basis of the same accounting principles applied in the preparation of the annual audited financial statements referred to in Section 6.2(a) (but omitting
footnotes and year-end adjustments), signed by a Financial Officer of PCI, consisting of at least consolidated statements of income and cash flow for PCI and the Subsidiaries for such quarter and for the period from the beginning of such fiscal year
to the end of such quarter, and a consolidated balance sheet of PCI as at the end of such quarter setting forth in each case in comparative form corresponding figures from the previous year. 
 (c) Together with the financial statements furnished by PCI under Sections 6.2(a) and (b), a statement signed by a Financial Officer
of PCI demonstrating in reasonable detail compliance (or noncompliance, as the case may be) with each of the restrictions contained in Article X and stating that as at the date of each such financial statement there did not exist any Unmatured
Termination Event or Termination Event or, if an Unmatured Termination Event or Termination Event existed, specifying the nature and period of existence thereof and what action Seller proposes to take with respect thereto. 
 (d) Immediately upon becoming aware of any Unmatured Termination Event or Termination Event, a notice describing the nature thereof and
what action Seller proposes to take with respect thereto. 
 (e) Immediately upon becoming aware of the occurrence, with
respect to any Plan, of any Reportable Event (other than a Reportable Event for which the reporting requirements have been waived by PBGC regulations) or any “prohibited transaction” (as defined in Section 4975 of the Code), a notice
specifying the nature thereof and what action Seller proposes to take with respect thereto, and, when received, copies of any notice from PBGC of intention to terminate or have a trustee appointed for any Plan. 
 (f) Promptly upon the mailing or filing thereof, copies of all financial statements, reports and proxy statements mailed to PCI’s
shareholders, and copies of all registration statements, periodic reports and other documents filed with the Securities and Exchange Commission (or any successor thereto) or any national securities exchange. 
  

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 (g) Immediately upon becoming aware of the occurrence thereof, notice of the institution
of any litigation, arbitration or governmental proceeding, or the rendering of a judgment or decision in such litigation or proceeding, which could constitute an Adverse Event, and the steps being taken by the Person(s) affected by such proceeding.

 (h) From time to time, such other information regarding the business, operation and financial condition of PCI, Seller or
an Originator as the Agent or any Buyer may reasonably request. 
 Section 6.3 Inspection. Servicer and Seller shall permit any
Person designated by the Agent or any Buyer to visit and inspect any of Servicer’s or Seller’s properties, corporate books and financial records, to examine and to make copies of their books of accounts and other financial records, and to
discuss the affairs, finances and accounts of Servicer and Seller with, and to be advised as to the same by, its officers at such reasonable times and intervals as the Agent or any Buyer may designate. So long as no Termination Event exists, such
visits, inspections and examinations shall be at the expense of the Agent or Buyer conducting such visit, inspection or examination, but any such visits, inspections and examinations made while any Termination Event is continuing shall be at the
expense of Seller. 
 Section 6.4 Fiscal Periods. PCI and Seller will have the same fiscal year and schedule of fiscal months,
determined for each year on a basis consistent with PCI’s historical practices. PCI and Seller will deliver a schedule of fiscal months and Settlement Dates for each fiscal year to the Agent on or before the end of the preceding fiscal year.

 ARTICLE VII 
 HEDGING
AGREEMENTS 
 Seller from time to time may enter into a Hedging Agreement with a Hedge Provider. After each Hedging Agreement has been
entered into in accordance with the terms of this Article VII, on each Settlement Date, each Hedge Provider shall be obligated to pay the applicable Hedge Floating Amount to the Agent for distribution pursuant to Article IV and such
Hedge Provider shall be entitled to receive out of Finance Charge Collections, the applicable Hedge Fixed Amount. 
 ARTICLE VIII

 PCI’S AND SELLER’S REPRESENTATIONS AND WARRANTIES 
 In order to induce the Agent and the Buyers to execute this Agreement and to purchase the Buyer Interests hereunder, PCI and Seller make the following
representations and warranties to the Agent and the Buyers, each of which shall survive the execution and delivery of this Agreement and shall be deemed given as of the date hereof and as of each Purchase Date: 
 Section 8.1 Organization; Standing, Etc. PCI, Seller and Originators are duly formed and validly existing and in good standing under the laws
of the jurisdiction of their respective formation and have all requisite power and authority to carry on their respective businesses as now conducted and to enter into the Transaction Documents executed by it and to perform its obligations under the
Transaction Documents executed by it. PCI Seller and Originators are duly qualified and in good standing as a foreign entities in each jurisdiction in which the character of 

  

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the properties owned, leased or operated by it or the business conducted by it makes such qualification necessary and where failure to so qualify or to
maintain such good standing would constitute an Adverse Event. 
 Section 8.2 Authorization and Validity. The execution, delivery
and performance by PCI, the Originators and Seller of the Transaction Documents executed by each have been duly authorized by all necessary action by PCI, the Originators and Seller, as applicable, and the Transaction Documents executed by each
constitute the respective legal, valid and binding obligations of PCI, the Originators and Seller, enforceable against PCI, the Originators and Seller in accordance with their respective terms, subject to limitations as to enforceability which might
result from bankruptcy, insolvency, moratorium and other similar laws affecting creditors’ rights generally and subject to limitations on the availability of equitable remedies. 
 Section 8.3 No Conflict; No Default. The execution, delivery and performance by PCI, the Originators and Seller of the Transaction Documents
executed by it will not (a) violate any provision of any law, statute, rule or regulation or any order, writ, judgment, injunction, decree, determination or award of any court, governmental agency or arbitrator presently in effect having
applicability to PCI, the Originators or Seller, (b) violate or contravene any provisions of the constituent documents of PCI, the Originators or Seller, or (c) result in a breach of or constitute a default under any indenture, loan or
credit agreement or any other agreement, lease or instrument to which PCI, the Originators or Seller is a party or by which it or any of its properties may be bound or result in the creation of any Lien on any asset of PCI, the Originators or
Seller. Neither PCI, the Originators or Seller is in default under or in violation of any such law, statute, rule or regulation, order, writ, judgment, injunction, decree, determination or award or any such indenture, loan or credit agreement or
other agreement, lease or instrument in any case in which the consequences of such default or violation could constitute an Adverse Event. 
 Section 8.4 Government Consent. No order, consent, approval, license, authorization or validation of, or filing, recording or registration with, or exemption by, any governmental or public body or authority is required on the
part of any of PCI, the Originators or Seller to authorize, or is required in connection with the execution, delivery and performance of, or the legality, validity, binding effect or enforceability of, the Transaction Documents executed by it.

 Section 8.5 Financial Statements and Condition. PCI’s audited consolidated financial statements as at April 29, 2006
and its unaudited consolidated financial statements as at January 27, 2007, as heretofore furnished to the Agent, have been prepared in accordance with GAAP on a consistent basis and fairly present the financial condition of PCI and its
Subsidiaries as at such dates and the results of their operations and changes in financial position for the respective periods then ended. Neither PCI nor any Subsidiary has any material obligation, contingent liability, liability for taxes or
long-term lease obligation which is not reflected in such financial statements or in the notes thereto. Since January 27, 2007, no Adverse Event has occurred. 
 Section 8.6 Litigation and Contingent Liabilities. Except as previously disclosed to the Buyers in writing, there are no actions, suits or proceedings pending or, to the knowledge of PCI or Seller,
threatened against or affecting PCI, Seller or any Originator or any of their properties before any court or arbitrator, or any governmental department, board, agency or other instrumentality which, if determined adversely to PCI, Seller or an
Originator, could constitute an Adverse Event. 
  

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 Section 8.7 Compliance. PCI, Seller and Originators are in material compliance with all
statutes and governmental rules and regulations applicable to them. 
 Section 8.8 Environmental, Health and Safety Laws. There
does not exist any violation by PCI, Seller or an Originator of any applicable federal, state or local law, rule or regulation or order of any government, governmental department, board, agency or other instrumentality relating to environmental,
pollution, health or safety matters which will or threatens to impose a material liability on PCI, Seller or an Originator or which would require a material expenditure by PCI, Seller or an Originator to cure. None of PCI, Seller or an Originator
has received any notice to the effect that any part of its operations or properties is not in material compliance with any such law, rule, regulation or order or notice that it or its property is the subject of any governmental investigation
evaluating whether any remedial action is needed to respond to any release of any toxic or hazardous waste or substance into the environment, the consequences of which non-compliance or remedial action could constitute an Adverse Event. 

Section 8.9 ERISA. Each Plan complies with all material applicable requirements of ERISA and the Code and with all material applicable
rulings and regulations issued under the provisions of ERISA and the Code setting forth those requirements. No Reportable Event, other than a Reportable Event for which the reporting requirements have been waived by regulations of the PBGC, has
occurred and is continuing with respect to any Plan. All of the minimum funding standards applicable to such Plans have been satisfied and there exists no event or condition which would permit the institution of proceedings to terminate any Plan
under Section 4042 of ERISA. The current value of the Plans’ benefits guaranteed under Title IV of ERISA does not exceed the current value of the Plans’ assets allocable to such benefits. 
 Section 8.10 Regulation U. Neither PCI nor Seller is engaged in the business of extending credit for the purpose of purchasing or carrying
margin stock (as defined in Regulation U of the Board of Governors of the Federal Reserve System) and no part of the proceeds of any purchase of Buyer Interests by the Buyers hereunder will be used to purchase or carry margin stock or for any
other purpose which would violate any of the margin requirements of the Board of Governors of the Federal Reserve System. 
 Section 8.11 Taxes. Each of PCI, Seller and the Originators has filed all federal, state and local tax returns required to be filed and has paid or made provision for the payment of all taxes due and payable pursuant to such
returns and pursuant to any assessments made against it or any of its property and all other taxes, fees and other charges imposed on it or any of its property by any governmental authority (other than taxes, fees or charges the amount or validity
of which is currently being contested in good faith by appropriate proceedings and with respect to which reserves in accordance with GAAP have been provided on the books of PCI). No tax Liens have been filed and no material claims are being asserted
with respect to any such taxes, fees or charges. The charges, accruals and reserves on the books of PCI and Seller in respect of taxes and other governmental charges are adequate. 
  

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 Section 8.12 Investment Company Act. None of PCI, Seller or an Originator is an
“investment company” or a company “controlled” by an investment company within the meaning of the Investment Company Act of 1940, as amended. 
 Section 8.13 Enforceability of Agreements. This Agreement has been duly executed and delivered by PCI and Seller and is a valid and binding agreement of each enforceable in accordance with its terms. The
Seller has full right, power and authority to sell the Buyer Interests in the Buyer Contracts and proceeds hereunder and has the ability to fulfill completely its obligations to the Obligors with respect to the Buyer Contracts. The Receivables Sale
Agreement has been duly executed and delivered by Seller and the Originators and is a valid and binding agreement of each enforceable in accordance with its terms. The Originators have full right, power and authority to sell the Buyer Contracts and
proceeds to Seller and the Originators have the ability to fulfill completely their obligations to the Obligors with respect to the Buyer Contracts. 
 Section 8.14 Sale of Buyer Interests. On each Purchase Date, Seller will be the owner of all right, title and interest in and to the Buyer Contracts and all Related Security Documents. Upon the execution
of each transfer of a Buyer Interests, an undivided percentage interest in the corresponding Buyer Contracts and the Related Security Documents will be vested in the Buyer. Each Buyer Contract will be free and clear of all Liens and rights of others
excepting the rights in favor of the Agent and the Buyers created or to be created pursuant to this Agreement. Except in connection with the sale of the Buyer Interests, Seller has neither sold, pledged, transferred, assigned or granted any Lien in
any Buyer Contracts, any Related Security or the Related Security Documents. No financing statement describing or referring to any Buyer Contract (other than any Financing Statement) is on file in any public office, except for financing statements
in favor of U.S. Bank. There is only one original executed copy of each Buyer Contract, and on the relevant Purchase Date such original executed copy of each Buyer Contract will be legended in accordance with Section 2.2(iii) and be delivered
to the Servicer to be held for the benefit of the Buyers. 
 Section 8.15 Related Security. Immediately prior to the purchase of
any Buyer Interest on a Purchase Date, Seller will have a perfected first priority Lien on all Related Security for each related Buyer Contract; provided, however, for those Contracts where the Related Security has a value of $10,000 or less, no UCC
financing statement may be on file and therefore Seller will not have a perfected first priority Lien on such Related Security. Following the assignment of any Buyer Interest to the Agent for the benefit of the Buyers, the Buyers will have a valid
and perfected and enforceable first priority security interest in such Buyer Contract and the Related Security (other than with respect to those Contracts secured by Related Security having a value of $10,000 or less). With respect to each Buyer
Contract, the Obligor is organized in a state in which the filing of a financing statement under the UCC is required to perfect a security interest in Related Security; such filings have been duly made and show the applicable Originator as secured
party; and the Agent has the same rights as the secured party of record would have (if such secured party were still the owner of the Contract) against all Persons (including the applicable Originator and any trustee in bankruptcy of such
Originator) claiming an interest in such dental equipment and other goods included in the Related Security; provided, however no filing may be made for those Contracts where the Related Security has a value of $10,000 or less. 
  

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 Section 8.16 Eligibility and Enforceability of Contracts; Accuracy of Information;
Compliance. As of the relevant Purchase Date, or in the case of a sale on the Closing Date, as of March 24, 2007, each Buyer Contract is an Eligible Contract. Each Buyer Contract will constitute the legal, valid and binding obligation of
the Obligor(s) thereof, enforceable in accordance with their respective terms. Each such Buyer Contract will accurately reflect the name(s) and residence or business address of the Obligor(s), the signature(s) of the Obligor(s) on each
Buyer Contract are genuine and all parties to each Buyer Contract had full legal capacity to execute that Contract. At the date of origination of each Buyer Contract, and on the Purchase Date with respect thereto, all requirements of any federal and
state laws, rules and regulations applicable to the Buyer Contract, including, without limitation, usury, truth in lending and equal credit opportunity laws, have been complied with, and Seller shall for at least the period of this Agreement,
maintain in its possession, available for the Agent’s and the Buyers’ inspection, and shall deliver to the Agent upon demand, evidence of compliance with all such requirements. Such compliance is not affected by the Buyers’ ownership
of the Buyer Interests. 
 Section 8.17 Contract Defaults. As of the relevant Purchase Date or in the case of a sale on the
Closing Date, as of March 24, 2007: (i) each Buyer Contract will be current, or no more than 60 days past due; (ii) there will be no default, breach, violation or event permitting acceleration existing under such Buyer Contract and no
event which, with notice and the expiration of any grace or cure period, would constitute such a default, breach, violation or event permitting acceleration under such Contract (except payment delinquencies permitted by clause (i) above);
(iii) none of the Originators, Seller nor the Servicer will have waived any such default, breach, violation or event permitting acceleration except payment delinquencies permitted by clause (i) above; (iv) the Related Security
will be free of damage and in good repair; (v) each Buyer Contract will not have had its terms of payment extended or modified in a manner inconsistent with Credit and Collection Policies; (vi) each Buyer Contract has not been satisfied or
subordinated in whole or in part or rescinded, and the Related Security securing each Buyer Contract has not been released from the lien of the Buyer Contract in whole or in part. The Seller and Servicer has not changed the Credit and Collection
Policies in any material respect or taken any action which would materially impair the collectability of any Buyer Contract. 
 Section 8.18 Goods Sold. Immediately prior to the date on which title to any goods sold to an Obligor by an Originator and financed by indebtedness evidenced by a Buyer Contract or Contracts passes to the Obligor thereof, such
Originator shall have been the owner of such goods free and clear of all mortgages, deeds of trust, pledges, liens, security interests and other charges or encumbrances. As of the Purchase Date with respect to each Buyer Contract, there will be no
liens or claims filed for work, labor or materials affecting the Related Security securing the Buyer Contract which are or may be liens prior to, or equal or coordinate with, the lien of the Buyer Contract. 
 Section 8.19 Financing Statements. Appropriate Uniform Commercial Code financing statements relating to the sale of Buyer Interests hereunder
have been filed in all offices where such filing is necessary to give the Agent on behalf of the Buyers a prior perfected security interest in the Buyer Interests and Buyer Contracts. All filing fees and taxes, if any, necessary to make the
foregoing filing effective have been paid in full. Appropriate Uniform Commercial Code financing statements relating to the sale of Buyer Contracts from the Originators to the Seller under the Receivables Sale Agreement have been filed in all
offices where such filing is necessary to perfect such transfer. 
  

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 Section 8.20 Records. PCI and Seller’s chief executive offices and the place where the
books and records relating to the Buyer Contracts and any Related Security are maintained is located at 1031 Mendota Heights Road, St. Paul, Minnesota 55120. 
 Section 8.21 Licenses. All import and exchange licenses, if required under applicable law or regulations for the exportation, importation and payment of the purchase price and related costs of goods
underlying the Buyer Contracts or the shipment thereof, have been obtained. 
 Section 8.22 No Defenses or Waivers. As of the
Purchase Date with respect to each Buyer Contract: (i) the Contract is not subject to any right of rescission, setoff, counterclaim or defense, including the defense of usury; (ii) the operation of any of the terms of the Contract or the
exercise of any right thereunder will not render the Contract unenforceable in whole or in part or subject to any right of rescission, setoff, counterclaim or defense, including the defense of usury; (iii) no such right of rescission, setoff,
counterclaim or defense has been asserted with respect thereto; and (iv) the terms of the Contract have not been waived, altered or modified in any respect, except by instruments or documents identified to Agent and Buyers. 
 Section 8.23 Insurance Coverage. The Obligor under each Buyer Contract is contractually obligated to maintain all risk physical damage
insurance upon the equipment securing such Contract in an amount at least equal to the lesser of the principal amount of such Contract or the replacement cost of such equipment, which insurance policy must name the applicable Originator as loss
payee and additional insured and require at least 10 days’ prior written notice to the applicable Originator before cancellation. In the case of any Buyer Contract as to which the outstanding principal balance as of the Purchase Date with
respect to such Contract exceeds $200,000, the applicable Originator has obtained written proof of such insurance and such evidence shall be included in the contract file delivered to the Servicer. 
 Section 8.24 Origination. Each Buyer Contract was originated by an Originator in the ordinary course of its business. No Buyer Contract was
originated in or is subject to the laws of any jurisdiction whose laws would make the transfer of an interest in the Contract pursuant to this Agreement, or the ownership of the Buyer Interests by the Buyers, unlawful or render the Buyer Contract
unenforceable as a result thereof. 
 Section 8.25 Retirement Benefits. Except as required under Section 4980B of the Code,
Section 601 of ERISA or applicable state law, neither PCI nor any Subsidiary is obligated to provide post-retirement medical or insurance benefits with respect to employees or former employees. 
 Section 8.26 Full Disclosure. Subject to the following sentence, neither the financial statements referred to in Sections 6.2 or 8.5 nor any other
certificate, written statement, exhibit or report furnished by or on behalf of PCI or Seller in connection with or pursuant to this Agreement contains any untrue statement of a material fact or omits to state any material fact necessary in order to
make the statements contained therein not misleading. Certificates or statements furnished by or on behalf of PCI or Seller to the Agent or the Buyers consisting of 

  

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projections or forecasts of future results or events have been prepared in good faith and based on good faith estimates and assumptions of the management of
PCI or Seller, and neither PCI nor Seller have any reason to believe that such projections or forecasts are not reasonable. 
 ARTICLE IX

 SELLER’S AGREEMENTS WITH RESPECT 
 TO CONTRACTS AND RELATED SECURITY 
 In order to induce the Agent and the Buyers to execute this Agreement
and to purchase the Buyer Interests hereunder, Seller agrees that, with respect to each Buyer Contract, for as long as such Contract or any amount thereunder remains outstanding, and whether or not the Agent has terminated PCI as Servicer of such
Contract under Section 3.4: 
 Section 9.1 Modification of Contracts. Except as provided in the remainder of this
Section 9.1, neither Seller nor the Servicer will, as agent of the Agent and the Buyers or otherwise, extend or otherwise compromise or modify the terms of any Buyer Contract or the terms of any Related Security Documents without the prior
written approval of the Agent, release any Related Security or alter or amend in any material respect the Credit and Collection Policies with respect to Buyer Contracts, Related Security Documents and Related Security as in effect on the date
hereof. The foregoing shall not prohibit the Servicer, as long as the Agent has not terminated PCI’s power to act as Servicer pursuant to Section 3.4, from modifying the terms of any Buyer Contract in a manner consistent with the Credit
and Collection Policies as they exist as of the date of this Agreement, provided that (a) notice of such modification is included in each settlement statement delivered to the Agent pursuant to Section 6.1 with respect to the Collection
Period during which such modification occurred, (b) the Servicer does not permit more than one such modification to the amortization schedule with respect to any Contract, (c) no modification extends the date for final payment under a
Buyer Contract beyond the Final Maturity Date, (d) if any modification releases any Related Security, the Servicer pays to the Agent for the benefit of the Buyers on the next Settlement Date an amount equal to the portion of the principal
amount outstanding under the modified Buyer Contract that is attributable to the released Related Security, (e) no modification may reduce the interest rate payable on a Buyer Contract (other than a Discounted Contract) below the Buyers’
Rate in effect as of the date of the modification, (f) no modification may reduce the principal amount outstanding under a Buyer Contract without the Buyers’ prior consent, and (g) no Contract may be modified pursuant to this
Section 9.1 that would cause the aggregate Purchase Price allocable to all Buyer Contracts that have been modified by the Servicer under this Section 9.1 to be ten percent (10%) or more of the aggregate Purchase Price of all Buyer
Interests. 
 Section 9.2 [Intentionally Omitted]. 
 Section 9.3 Adverse Interests. Neither PCI nor Seller will, as agent for the Agent, the Buyers or otherwise, pledge, hypothecate, convey or otherwise transfer, or grant any security or other interest in,
any Buyer Contract or any Related Security or Related Security Document to another Person. 
 Section 9.4 Continuation of Related
Security. The Servicer shall maintain in full force and effect, in the name of the applicable Originator or Seller (unless assigned to the Agent for the 

  

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benefit of the Buyers by Seller’s execution and delivery to the Agent of a UCC assignment), all Liens constituting Related Security for Buyer Contracts,
with the priority such Liens had on the applicable Purchase Date, until all amounts owing under the related Buyer Contract have been paid in full. 
 Section 9.5 Taxes and Claims. The Seller will promptly pay all taxes and other governmental charges levied or assessed upon or against any of the Buyer Contracts and the Related Security or upon or against the creation,
perfection or continuance of the Buyers’ interest therein, as well as all other claims of any kind (including claims for labor, material and supplies) against or with respect to any such Contract or Related Security, except to the extent
(a) such taxes, charges or claims are being contested in good faith by appropriate proceedings, (b) such proceedings do not involve any material danger of the sale, forfeiture or loss of any of the Buyer Contracts or Related Security or
any interest therein and (c) such taxes, charges or claims are adequately reserved against on Seller’s books in accordance with generally accepted accounting principles. 
 Section 9.6 Further Assurances. 
 (a) The Seller and the Servicer agree that from time to time, at Seller’s expense, it will promptly execute and deliver all further instruments and documents, and take all further action, that may be necessary or
that the Agent or a Buyer may reasonably request, in order to perfect and protect the Buyer Interests in the Buyer Contracts, the Related Security, the Related Security Documents and proceeds hereunder or to enable the Agent or a Buyer to exercise
and enforce its rights and remedies hereunder with respect to any of such Contracts, Related Security, Related Security Documents and proceeds (but any failure to request or assure that Seller execute and deliver such instrument or documents or to
take such action shall not affect or impair the validity, sufficiency or enforceability of this Agreement and the sale of the Buyer Interests hereunder, regardless of whether any such item was or was not executed and delivered or action taken in a
similar context or on a prior occasion). Without limiting the generality of the foregoing, Seller will, promptly and from time to time at the request of the Agent, execute and file such financing statements or continuation statements in respect
thereof, or amendments thereto, and such other instruments or notices, as the Agent may reasonably request, in order to perfect, preserve, and enhance the sale of the Buyer Interests hereunder and attempt to obtain waivers, in form satisfactory to
the Agent, of any claim to any Buyer Contracts, Related Security or Related Security Documents from any other party claiming or in a position to claim an interest therein. 
 (b) The Seller hereby authorizes the Agent to file one or more financing statements or continuation statements in respect thereof, and
amendments thereto, relating to all or any part of the Buyer Interests without the signature of Seller where permitted by law. A photocopy or other reproduction of this Agreement or any financing statement covering the Buyer Interests or any part
thereof shall be sufficient as a financing statement where permitted by law. 
 (c) The Servicer will furnish to the Agent
from time to time statements and schedules further identifying and describing the Buyer Interests and such other reports in connection with the Buyer Interests as the Agent may reasonably request, all in reasonable detail and in form and substance
reasonably satisfactory to the Agent. 
  

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 The Seller shall, at the request of the Agent, deliver or cause the Servicer to deliver the originals of all Related
Security Documents to the Agent and allow the Agent to verify that Seller or the Servicer marked all of its relevant records to show the Buyer Interests in the Buyer Contracts, Related Security and Related Security Documents by placing the legend
required by Section 2.2(iii) herein. 
 Section 9.7 Secured Party Subsidiaries. If any Subsidiary of PCI at any time becomes
a secured party or creditor with respect to any Obligor, PCI shall cause such Subsidiary to conduct its business with such Obligor in a manner such that no defense to such Obligor’s obligations under any Buyer Contract arise from the
Obligor’s relationship with such Subsidiary. 
 ARTICLE X 
 GENERAL COVENANTS 
 In order to induce the Agent and the Buyers to execute this
Agreement and to purchase the Buyer Interests hereunder, PCI and Seller jointly and severally agree that, until the Purchase Commitment shall have expired or been terminated and all Buyer Interests and other Obligations have been paid in full,
unless the Majority Banks shall otherwise consent in writing: 
 Section 10.1 Corporate Existence. PCI and Seller will maintain
its existence in good standing under the laws of the jurisdiction of its formation and its qualification to transact business in each jurisdiction in which the character of the properties owned, leased or operated by it or the business conducted by
it makes such qualification necessary and where the failure so to qualify or to maintain such good standing would constitute an Adverse Event. 
 Section 10.2 Insurance. PCI and Seller will maintain with financially sound and reputable insurance companies such insurance as may be required by law and such other insurance in such amounts and against such hazards as is
customary in the case of reputable corporations engaged in the same or similar business and similarly situated. 
 Section 10.3
Payment of Taxes and Claims. PCI and Seller will file all tax returns and reports which are required by law to be filed by it and pay before they become delinquent all taxes, assessments and governmental charges and levies imposed upon it or
its property and all claims or demands of any kind (including, without limitation, those of suppliers, mechanics, carriers, warehouses, landlords and other like Persons) which, if unpaid, might result in the creation of a Lien upon its property;
provided that the foregoing items need not be paid if they are being contested in good faith by appropriate proceedings, and as long as PCI or Seller’s title to its property is not materially adversely affected, its use of such property in the
ordinary course of its business is not materially interfered with and adequate reserves with respect thereto have been set aside on PCI or Seller’s books in accordance with GAAP. 
 Section 10.4 Maintenance of Properties. PCI and Seller will maintain its properties used or useful in the conduct of its business in good
condition, repair and working order, and supplied with all necessary equipment, and make all necessary repairs, renewals, replacements, betterments and improvements thereto, all as may be necessary so that the business carried on in connection
therewith may be properly and advantageously conducted at all times. 
  

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 Section 10.5 Books and Records. PCI and Seller will keep adequate and proper records and
books of account in which full and correct entries will be made of its dealings, business and affairs. 
 Section 10.6
Compliance. PCI and Seller will comply in all material respects with all laws, rules, regulations, orders, writs, judgments, injunctions, decrees or awards to which it may be subject, except where the failure so to comply could not reasonably
be expected to result in an Adverse Event. 
 Section 10.7 ERISA. PCI and Seller will maintain each Plan in compliance with all
material applicable requirements of ERISA and of the Code and with all material applicable rulings and regulations issued under the provisions of ERISA and of the Code. 
 Section 10.8 Environmental Matters. PCI and Seller will observe and comply with all laws, rules, regulations and orders of any government or government agency relating to health, safety, pollution,
hazardous materials or other environmental matters to the extent non-compliance could result in a material liability or otherwise constitute an Adverse Event. 
 Section 10.9 Merger. None of PCI or Seller will merge or consolidate or enter into any analogous reorganization or transaction with any Person, except that PCI may merge, consolidate or enter into an
analogous reorganization or transaction so long as PCI shall be the surviving corporation and no Termination Event or Unmatured Termination Event shall exist before and after giving effect to such merger, consolidation, reorganization, or
transaction. 
 Section 10.10 Plans. Neither PCI nor Seller will permit any condition to exist in connection with any Plan which
might constitute grounds for the PBGC to institute proceedings to have such Plan terminated or a trustee appointed to administer such Plan, permit any Plan to terminate under any circumstances which would cause the lien provided for in
Section 4068 of ERISA to attach to any property, revenue or asset of PCI or Seller or permit the underfunded amount of Plan benefits guaranteed under Title IV of ERISA to exceed $500,000. 
 Section 10.11 Change in Nature of Business. Neither PCI nor Seller will make any material change in the nature of the business of PCI or
Seller, as carried on at the date hereof. 
 Section 10.12 Use of Proceeds. Seller will not permit any proceeds of the sales of
the Buyer Interests to be used, either directly or indirectly, for the purpose, whether immediate, incidental or ultimate, of “purchasing or carrying any margin stock” within the meaning of Regulation U of the Federal Reserve Board, as
amended from time to time, and Seller will furnish to the Buyer, upon its request, a statement in conformity with the requirements of Federal Reserve Form U-1 referred to in Regulation U. 
 Section 10.13 Accounting Changes. PCI and Seller will not, and will not permit any Subsidiary to, make any change in accounting treatment or
reporting practices, except as required by GAAP, that would have a significant effect on any determination made or required to be made hereunder, or change their fiscal year. 
  

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 Section 10.14 Changes in Name or Location. Seller will not at any time change its name,
identity, address of its chief executive office or corporate structure (including without limitation changing its jurisdiction of organization) in any manner which would, could or might make any financing or continuation statement filed hereunder
seriously misleading within the meaning of § 9-503, § 9-506 or § 9-507 (or similar section) of any applicable enactment of the Uniform Commercial Code or transact any business with respect to Contracts under a name
other than its present corporate title unless in either case it shall have given the Agent at least sixty (60) days prior written notice thereof and shall have made and cause to be filed such amendments to the financing statements filed
hereunder or such financing statements as are necessary to maintain the perfection and priority of the Buyers’ security interest or as may be requested by the Agent. 
 Section 10.15 Indemnity. PCI and Seller hereby agree, jointly and severally, to indemnify and defend the Agent, the Buyers and the Hedge Providers (if any) against all losses, damages, costs, expenses,
claims and liabilities (including, without limitation, the Agent’s, the Buyers’ and Hedge Provider’s reasonable out-of-pocket expenses and reasonable fees and expenses of counsel): 
 (a) arising out of or resulting from (i) the use, ownership, operation, sale or consumption by any Obligor, or any agent, employee or
customer of any Obligor, of any product distributed by an Originator or which at any time was or shall have been related to any financing transaction from which a Buyer Contract arises, or (ii) any breach of warranty or alleged breach of
warranty by an Originator or any other Person, or (iii) any failure of any Buyer Contract or Related Security Document at any time to comply with any legal requirement; 
 (b) arising from the assertion by an Obligor of any right to set-off against amounts owing under any Buyer Contract or Related Security
any claim of whatsoever nature against Seller, an Originator or their employees or agents; 
 (c) relating to license and
registration fees, duties or other similar charges (including without limitation, any charges related to doing business in a particular jurisdiction), or taxes, imposed or assessed (including without limitation, any penalties, fees, additions to tax
or interest thereon, but excluding taxes imposed on the overall net income of a Buyer by the United States or the jurisdiction in which the Buyer has its principal office) by any government or taxing authority upon or with respect to amounts
received as collections on the Buyer Contracts solely as a result of the Buyers’ ownership of the Buyer Interests; 
 (d) actually incurred by the Agent or a Buyer by reason of the existence of any lien or encumbrance (other than those in favor of or created by the Agent or a Buyer) on any Buyer Contract, Related Security Document or Related Security;

 (e) arising by reason of, relating to or in connection with the execution, delivery, performance or enforcement of the
Transaction Documents or any transaction contemplated hereby or thereby; and 
  

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 (f) arising by reason of, relating to or in connection with the purchase of the Buyer
Interests hereunder, or any act done or omitted by any Person with respect thereto or the exercise of any rights or remedies thereunder (other than nonpayment by an Obligor, or any other Buyer Contract Default, not attributable to or caused by the
failure of the Buyer Contract to constitute an Eligible Contract or the actions or failure to act by Seller, an Originator or the Servicer). 
 provided,
however, that PCI and Seller shall not be liable to the Agent, a Buyer or a Hedge Provider for any portion of such losses, damages, costs, expenses, claims and liabilities resulting from: (i) such Person’s gross negligence or willful
misconduct, or (ii) the acts or omissions of any Person appointed by the Agent (after the removal of PCI as Servicer) as the successor servicer for the Buyer Contracts. In the event this indemnity is unenforceable as a matter of law as to a
particular matter or consequence referred to herein, it shall be enforceable to the full extent permitted by law. The foregoing indemnifications shall survive full payment, any repurchase by or assignment to Seller of any Buyer Contract and the
termination of this Agreement as provided in Section 13.14 hereof. The Seller will indemnify the Agent, the Buyers and the Hedge Provider and save them harmless from and against any claims, actions, damages, losses or expenses (including
reasonable attorneys’ fees and court costs) awarded against or incurred by the Agent, a Buyer or a Hedge Provider as a result of any breach of this covenant. 
 Section 10.16 Filing Fees. PCI and Seller shall pay all filing fees and other expenses incurred by the Agent to validate, perfect, continue or otherwise protect the Buyer Interests in the Buyer Contracts,
any Related Security and any Related Security Documents, including appropriate filings under the Uniform Commercial Code. 
 Section 10.17 Support Agreement. When so requested by the Agent from time to time, PCI will execute and deliver to the Agent reaffirmations of the PCI Support Agreement in such form as the Agent may require. 
 Section 10.18 Buyers’ Reliance. Seller acknowledges that the Buyers are entering into the transactions contemplated by this Agreement in
reliance upon Seller’s identity as a legal entity that is separate from PCI and each of the Subsidiaries. Therefore, Seller will take all reasonable steps, including, without limitation, all steps that the Agent or any Buyer may from time to
time reasonably request, to maintain Seller’s identity as a separate legal entity and to make it manifest to third parties that Seller is an entity with assets and liabilities distinct from those of PCI and the Subsidiaries, and not just a
division of PCI. Without limiting the generality of the foregoing and in addition to the other covenants set forth herein, Seller will: 
 (a) conduct its own business in its own name and require that all full-time employees of Seller, if any, identify themselves as such and not as employees of PCI or any of its Affiliates; 
 (b) compensate all employees, consultants and agents directly, from Seller’s own funds, for services provided to Seller by such
employees, consultants and agents and, to the extent any employee, consultant or agent of Seller is also an employee, consultant or agent of PCI or any Affiliate thereof, allocate the compensation of such employee, consultant or agent between Seller
and PCI or such Affiliate, as applicable, on a basis that reflects the services rendered to Seller and PCI or such Affiliate, as applicable; 
  

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 (c) clearly identify its offices (by signage or otherwise) as its offices and, if such
office is located in the offices of PCI or an Affiliate thereof, Seller will lease such office at a fair market rent; 
 (d)
have a separate telephone number, which will be answered only in its name and separate stationery, invoices and checks in its own name; 
 (e) conduct all transactions with PCI and its Affiliates strictly on an arm’s-length basis, allocate all overhead expenses (including, without limitation, telephone and other utility charges) for items shared
between Seller and PCI or any Affiliate thereof on the basis of actual use to the extent practicable and, to the extent such allocation is not practicable, on a basis reasonably related to actual use; 
 (f) at all times have a board of governors consisting of three members, at least one member of which is an Independent Governor;

 (g) observe all limited liability company formalities as a distinct entity, and ensure that all limited liability company
actions relating to (1) the selection, maintenance or replacement of the Independent Governor, (2) the dissolution or liquidation of Seller or (3) the initiation of, participation in, acquiescence in or consent to any bankruptcy,
insolvency, reorganization or similar proceeding involving Seller, are duly authorized by unanimous vote of its board of governors (including the Independent Governor); 
 (h) maintain Seller’s books and records separate from those of PCI and any Affiliate thereof and otherwise readily identifiable as
its own assets rather than assets of PCI and any Affiliate thereof; 
 (i) prepare its financial statements separately from
those of PCI and insure that any consolidated financial statements of PCI or any Affiliate thereof that include Seller, including any that are filed with the Securities and Exchange Commission or any other governmental agency, have notes clearly
stating that Seller is a separate legal entity and that its assets will be available first and foremost to satisfy the claims of the creditors of Seller; 
 (j) except as herein specifically otherwise provided, maintain the funds or other assets of Seller separate from, and not commingled with, those of PCI or any Affiliate thereof and only maintain bank accounts or other
depository accounts to which Seller alone (or the Servicer in the performance of its duties hereunder) is the account party and from which Seller alone (or the Servicer in the performance of its duties hereunder or the Agent hereunder) has the power
to make withdrawals; 
 (k) pay all of Seller’s operating expenses from Seller’s own assets (except for certain
payments by PCI or other Persons pursuant to allocation arrangements that comply with the requirements of this Section 10.18); 
  

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 (l) operate its business and activities such that it does not engage in any business or
activity of any kind, or enter into any transaction or indenture, mortgage, instrument, agreement, contract, lease or other undertaking, other than the transactions contemplated and authorized by this Agreement and the Receivables Sale Agreement;
and does not create, incur, guarantee, assume or suffer to exist any indebtedness or other liabilities, whether direct or contingent, other than (1) as a result of the endorsement of negotiable instruments for deposit or collection or similar
transactions in the ordinary course of business, (2) the incurrence of obligations under this Agreement, (3) the incurrence of obligations, as expressly contemplated in the Receivables Sale Agreement, to make payment to the Originators
thereunder for the purchase of Contracts from the Originators under the Receivables Sale Agreement, and (4) the incurrence of operating expenses in the ordinary course of business of the type otherwise contemplated by this Agreement;

 (m) maintain its organizational documents in conformity with this Agreement, such that it does not amend, restate,
supplement or otherwise modify its organizational documents in any respect that would impair its ability to comply with the terms or provisions of any of the Transaction Documents; 
 (n) maintain the effectiveness of, and continue to perform under the Receivables Sale Agreement and the other Transaction Documents, such
that it does not amend, restate, supplement, cancel, terminate or otherwise modify the Receivables Sale Agreement or any other Transaction Document, or give any consent, waiver, directive or approval thereunder or waive any default, action, omission
or breach under the Receivables Sale Agreement or any other Transaction Document, or otherwise grant any indulgence thereunder, without (in each case) the prior written consent of the Agent and the Majority Buyers; and 
 (o) maintain its legal separateness such that it does not merge or consolidate with or into, or convey, transfer, lease or otherwise
dispose of (whether in one transaction or in a series of transactions, and except as otherwise contemplated herein) all or substantially all of its assets (whether now owned or hereafter acquired) to, or acquire all or substantially all of the
assets of, any Person, nor at any time create, have, acquire, maintain or hold any interest in any subsidiary. 
 Section 10.19
Payment to Originators. With respect to any Contract purchased by Seller from any Originator, such sale shall be effected under, and in strict compliance with the terms of, the Receivables Sale Agreement, including, without a limitation, the
terms relating to the amount and timing of payments to be made to such Originator in respect of the purchase price for such Contract. 
 Section 10.20 Modifications to Receivables Sale Agreement. Seller shall not cancel or terminate the Receivables Sale Agreement or consent to or accept any cancellation or termination thereof, (ii) amend, supplement or
otherwise modify any term or condition of the Receivables Sale Agreement or give any consent, waiver or approval thereunder, (iii) waive any default under or breach of the Receivables Sale Agreement or (iv) take any other action under the
Receivables Sale Agreement not required by the terms thereof that would impair the value of any rights or interests of the Servicer or Seller thereunder or of the Agent, any Buyer hereunder or thereunder. 
  

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 ARTICLE XI 
 TERMINATION EVENTS AND REMEDIES 
 Section 11.1 Termination Events. The occurrence of any one or
more of the following events shall constitute a Termination Event: 
 (a) PCI, Seller or the Servicer shall fail to pay when
due any amounts required to be paid to the Agent or the Buyers pursuant hereto. 
 (b) Any representation or warranty made or
deemed to have been made by or on behalf of Seller, PCI or an Originator in the Transaction Documents or on behalf of Seller, PCI or an Originator in any certificate, statement, report or other writing furnished by or on behalf of Seller to the
Agent or a Buyer pursuant to this Agreement or any other instrument, document or agreement shall prove to have been false or misleading in any material respect on the date as of which the facts set forth are stated or certified or deemed to have
been stated or certified; 
 (c) PCI or Seller shall fail to comply with any agreement, covenant, condition, provision or
term contained in the Transaction Documents (and such failure shall not constitute a Termination Event under any of the other provisions of this Section 11.1) and such failure to comply shall continue for 30 calendar days after notice thereof
to Seller by the Agent; 
 (d) PCI, Seller, an Originator or a Hedge Provider shall become insolvent or shall generally not
pay its debts as they mature or shall apply for, shall consent to, or shall acquiesce in the appointment of a custodian, trustee or receiver of PCI, Seller, an Originator or a Hedge Provider or for a substantial part of the property thereof or, in
the absence of such application, consent or acquiescence, a custodian, trustee or receiver shall be appointed for PCI, Seller, an Originator or a Hedge Provider or for a substantial part of the property thereof and shall not be discharged within 30
days; 
 (e) Any bankruptcy, reorganization, debt arrangement or other proceedings under any bankruptcy or insolvency law
shall be instituted by or against PCI, Seller, an Originator or a Hedge Provider, and, if instituted against PCI, Seller, and Originator or a Hedge Provider, shall have been consented to or acquiesced in by PCI, Seller, an Originator or a Hedge
Provider, or shall remain undismissed for 30 days, or an order for relief shall have been entered against PCI, Seller, an Originator or a Hedge Provider, or PCI, Seller, an Originator or a Hedge Provider shall take any corporate action to approve
institution of, or acquiescence in, such a proceeding; 
 (f) Any dissolution or liquidation proceeding shall be instituted
by or against PCI, Seller, an Originator or a Hedge Provider and, if instituted against PCI, Seller, an Originator or a Hedge Provider shall be consented to or acquiesced in by PCI, Seller, an Originator or a Hedge Provider or shall remain for 30
days undismissed, or PCI, Seller, an Originator or a Hedge Provider shall take any corporate action to approve institution of, or acquiescence in, such a proceeding; 
  

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 (g) A judgment or judgments for the payment of money in excess of the sum of $2,000,000
in the aggregate shall be rendered against PCI or Seller and PCI or Seller shall not discharge the same or provide for its discharge in accordance with its terms, or procure a stay of execution thereof, prior to any execution on such judgments by
such judgment creditor, within 30 days from the date of entry thereof, and within said period of 30 days, or such longer period during which execution of such judgment shall be stayed, appeal therefrom and cause the execution thereof to be stayed
during such appeal; 
 (h) The maturity of any indebtedness of PCI or Seller in an aggregate amount of $2,000,000 or more
shall be accelerated, or PCI or Seller shall fail to pay any such indebtedness in such amount when due or, in the case of such indebtedness payable on demand, when demanded, or any event shall occur or condition shall exist and shall continue for
more than the period of grace, if any, applicable thereto and shall have the effect of causing, or permitting the holder of any such indebtedness or any trustee or other Person acting on behalf of such holder to cause, such indebtedness in such
amount to become due prior to its stated maturity or to realize upon any collateral given as security therefor; 
 (i) Any
Person, or group of Persons acting in concert, that owned less than 5% of the shares of any voting class of stock of PCI shall have acquired more than 50% of the shares of such voting stock; 
 (j) This Agreement or the PCI Support Agreement shall, at any time after the execution and delivery hereof, cease to be in full force and
effect or shall be declared to be null and void, or the validity or enforceability thereof shall be contested by either PCI or Seller, or PCI or Seller shall deny that it has any or further liability or obligation under this Agreement or the PCI
Support Agreement; 
 (k) Any execution or attachment shall be issued whereby any substantial part of the property of PCI,
Seller or an Originator shall be taken or attempted to be taken and the same shall not have been vacated or stayed within 30 days after the issuance thereof; 
 (l) The Seller or Originators shall cease to be wholly-owned Subsidiaries of PCI; 
 (m) The Intercreditor Agreement shall, at any time after the execution and delivery thereof, be breached by Seller or JPMorgan, cease to
be in full force and effect or shall be declared to be null and void, or the validity or enforceability thereof shall be contested by Seller or JPMorgan, or Seller or JPMorgan shall deny that it has any or further liability or obligation under the
Intercreditor Agreement; 
 (n) PCI’s Consolidated Net Worth at any time shall be less than the sum of (i)$904,546,000,
plus (ii)50% of the cumulative positive quarterly Consolidated Net Income for all fiscal quarters of PCI following the fiscal quarter of PCI ending January 27, 2007, (without taking into account any net loss in any such fiscal quarter), plus
(iii)100% of the amount, if any, by which stockholder’s equity of PCI is, in accordance 

  

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with GAAP, increased for all fiscal quarters of PCI following the fiscal quarter of PCI ending January 27, 2007 as a result of (A) the issuance of
any capital stock of PCI or (B) any Acquisition;
 (o) PCI’s ratio of Consolidated Total Debt to Consolidated
Adjusted EBITDA shall at any time be greater than 3.25 to 1.0. 
 (p) As of any reporting date or Settlement Date:

 (i) the average of the Default Ratio for such fiscal month and each of the two immediately preceding fiscal months shall
exceed 5.0%; or 
 (ii) Excess Spread is less than 2.0% (or if a Hedge Agreement is in place, less than 1%). 
 Section 11.2 Remedies. 
 (a) Upon the occurrence of any Termination Event: 
 (i) if (1) any Termination Event described in
Section 11.1(d), (e) or (f) shall occur with respect to PCI or Seller, the Purchase Commitment shall automatically terminate or (2) any other Termination Event shall occur and be continuing, then the Agent may, and at the request
of the Majority Buyers shall declare the Purchase Commitment terminated, whereupon the Purchase Commitment shall terminate; 
 (ii) the Agent may exercise and enforce any and all rights and remedies available upon default to a secured party under the Uniform Commercial Code; 
 (iii) the Agent may deliver notice of the Buyers’ purchase of the Buyer Interests in the Buyer Contracts to one or more Obligors and
may, in the Agent’s name, in the Buyers’ name or in Seller’s name, demand, sue for, collect or receive any money or property at any time payable or receivable on account of, or securing, any of the Buyer Contracts or the Related
Security or grant any extension to, make any compromise or settlement with or otherwise agree to waive, modify, amend or change the obligation of any Obligor. If any payments on any of the Buyer Contracts or the Related Security are received by
Seller after a Termination Event has occurred, such payments shall be held in trust by Seller as the property of the Buyers and shall not be commingled with any funds or property of Seller and shall be forthwith remitted to the Agent for the benefit
of the Buyers; 
 (iv) the Agent may require PCI and Seller to, and PCI and Seller hereby agrees that they will, at their
expense and upon request of the Agent forthwith, assemble all of the Buyer Contracts, Related Security Documents and records related thereto (to the extent not already in the Agent’s possession) as directed by the Agent and make them available
to the Agent at a place or places to be designated by the Agent; and 
  

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 (v) the Agent may exercise or enforce any and all other rights or remedies available by
law or agreement against the Buyer Contracts and the Related Security, against PCI and Seller (including under PCI Support Agreement), or against any other Person or property. 
 If notice to Seller of any intended disposition of the Buyer Contracts and the Related Security or any other intended action is required by law in a particular instance, such notice shall be deemed commercially
reasonable if given in the manner specified for the giving of notice in Section 13.3 at least ten calendar days prior to the date of intended disposition or other action. In addition to the other remedies set forth in this Section 11.2,
upon the occurrence of any Termination Event and thereafter while the same be continuing, Seller hereby irrevocably authorizes each Buyer to set off any Obligations of Seller hereunder to such Buyer against all deposits and credits of Seller with,
and any and all claims of Seller against, such Buyer. Such right shall exist whether or not such Buyer shall have made any demand hereunder, whether or not the deposits and credits held for the account of Seller is or are matured or unmatured, and
regardless of the existence or adequacy of any security, right or remedy available to such Buyer. Each Buyer agrees that, as promptly as is reasonably possible after the exercise of any such setoff right, it shall notify Seller of its exercise of
such setoff right; provided, however, that the failure of a Buyer to provide such notice shall not affect the validity of the exercise of such setoff rights. 
 ARTICLE XII 
 CHANGE IN CIRCUMSTANCES 
 Section 12.1 Increased Costs. If, as a result of any law, rule, regulation, treaty or directive, or any change therein or in the
interpretation or administration thereof, or compliance by a Buyer with any request or directive (whether or not having the force of law) from any court, central bank, governmental authority, agency or instrumentality, or comparable agency:

 (a) any tax, duty or other charge with respect to the Buyer Contracts or the Buyers’ obligation to purchase Buyer
Interests is imposed, modified or deemed applicable, or the basis of taxation of payments to any Buyer of interest or principal on the Buyer Contracts or any amounts due under this Agreement (other than taxes imposed on the overall net income of a
Buyer by the United States and the jurisdiction in which the Buyer has its principal office) is changed; 
 (b) any reserve,
special deposit, special assessment or similar requirement against assets of, deposits with or for the account of, or credit extended by, any Buyer is imposed, modified or deemed applicable; or 
 (c) any other condition affecting this Agreement, the Buyer Contracts or the Buyers’ obligation to purchase the Buyer Interests is
imposed on any Buyer or the relevant funding markets; 
 and any Buyer determines that, by reason thereof, the cost to that Buyer of purchasing or
maintaining the Buyer Interests or the Buyers’ obligation to purchase the Buyer Interests is increased, or the amount of any sum receivable by that Buyer hereunder or under this Agreement or any Buyer Contract is reduced; 
  

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 then, Seller shall pay to such Buyer upon demand by such Buyer (with a copy to the Agent) such additional amount
or amounts as will compensate such Buyer (or the controlling Person in the instance of (c) above) for such additional costs or reduction (provided that the Buyer has not been compensated for such additional cost or reduction in the calculation
of the Eurodollar Reserve Rate). Each Buyer will promptly notify Seller of any event of which such Buyer has knowledge, occurring after the date hereof, which will entitle such Buyer to compensation pursuant to this Section. If a Buyer fails to give
such notice within 45 days after it obtains knowledge of such an event, such Buyer shall, with respect to compensation payable pursuant to this Section, only be entitled to payment under this Section for costs incurred from and after the date 45
days prior to the date that such Buyer does give such notice. A certificate of a Buyer claiming compensation under this Section, setting forth the additional amount or amounts to be paid to it hereunder and stating in reasonable detail the basis for
the charge and the method of computation, shall be conclusive in the absence of manifest error. In determining such amount, each Buyer may use any reasonable averaging and attribution methods. Failure on the part of a Buyer to demand compensation
for any increased costs or reduction in amounts received or receivable with respect to any Interest Period shall not constitute a waiver of that Buyer’s rights to demand compensation for any increased costs or reduction in amounts received or
receivable in any subsequent Interest Period (subject to the limitation contained in the third preceding sentence). 
 Section 12.2
Deposits Unavailable or Interest Rate Unascertainable or Inadequate; Impracticability. If any Buyer reasonably determines (which determination shall be conclusive and binding on the parties hereto) that: 
 (a) deposits of the necessary amount for the relevant Interest Period or Fixed Rate Period elected by Seller pursuant to Section 2.8
are not available to that Buyer in the relevant markets or that, by reason of circumstances affecting such market, adequate and reasonable means do not exist for ascertaining the Eurodollar Rate for such Interest Period or Fixed Rate Period;

 (b) the use of the Eurodollar Rate (Reserve Adjusted) as the basis for the Buyers’ Rate will not adequately and
fairly reflect the cost to that Buyer of purchasing or maintaining the Buyer Interests for a relevant Interest Period or Fixed Rate Period; or 
 (c) the use of the Eurodollar Rate (Reserve Adjusted) as the basis for the Buyers’ Rate has become impracticable as a result of any event occurring after the date of this Agreement which, in the opinion of that
Buyer, materially and adversely affects the Buyer Contracts or the Buyers’ obligation to purchase the Buyer Interests or the relevant market; 
 such
Buyer shall promptly give notice of such determination to Seller, with a copy to the Agent, and the Buyers’ Rate with respect to the Buyer’s Percentage of that Buyer of the Buyer Interests shall be the Prime Rate for as long as such
condition persists; provided, however, that if at the time of any such determination the affected Buyer is using a reserve-adjusted certificate of 

  

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deposit rate or similar rate as a basis for pricing, and if Seller so requests and enters into such amendments to this Agreement as the Agent and the Buyers
may reasonably request in order to incorporate appropriate definitions and other terms typically included in the affected Buyer’s documentation with respect to such rates, then the Buyers’ Rate for the Buyer’s Percentage of the
affected Buyer of the Buyer Interests shall be the sum of (i) such reserve-adjusted certificate of deposit or similar rate, (ii) the Applicable Margin, and (iii) one eighth of one percent (0.125%). 
 Section 12.3 Illegality. If at any time due to the adoption of any law, rule, regulation, treaty or directive, or any change therein or in
the interpretation or administration thereof by any court, central bank, governmental authority, agency or instrumentality, or comparable agency charged with the interpretation or administration thereof, or for any other reason arising subsequent to
the date of this Agreement, it shall become unlawful or impossible for a Buyer to purchase the Buyer Interests at a rate based on the Eurodollar Rate (Reserve Adjusted), the obligation of such Buyer to purchase the Buyer Interests shall, upon the
happening of such event, forthwith be suspended for the duration of such illegality or impossibility. If any such event shall make it unlawful or impossible for a Buyer to maintain any Buyer Interests previously purchased by it hereunder, such Buyer
shall, upon the happening of such event, notify Seller thereof in writing, and the Buyers’ Rate with respect to the Buyer’s Percentage of that Buyer of the Buyer Interests shall thereafter be the Prime Rate. 
 Section 12.4 Capital Adequacy. In the event that any change in any law, rule, regulation, treaty or directive, or any change therein or in
the interpretation or administration thereof by any court, central bank, governmental authority, agency or instrumentality, or comparable agency (a “Governmental Agency”) charged with the interpretation or administration thereof, or
compliance by any Bank with any request or directive (whether or not having the force of law) of any such Governmental Agency, reduces or shall have the effect of reducing the rate of return on any Buyer’s capital or the capital of its parent
corporation (by an amount such Buyer deems material) as a consequence of its Individual Purchase Commitment Amount and/or its undivided percentage ownership interest in the Buyer Interests to a level below that which such Buyer or its parent
corporation could have achieved but for such change (taking into account such Buyer’s policies and the policies of its parent corporation with respect to capital adequacy), then Seller shall, within 30 days after written notice and demand from
such Buyer (with a copy to the Agent), pay to such Buyer additional amounts sufficient to compensate such Buyer or its parent corporation for such reduction. Any determination by such Buyer under this Section and any certificate as to the amount of
such reduction given to Seller by such Buyer shall be final, conclusive and binding for all purposes, absent error. Each Buyer will promptly notify Seller of any event of which such Buyer has knowledge, occurring after the date hereof, which will
entitle such Buyer to compensation pursuant to this Section. If a Buyer fails to give such notice within 45 days after it obtains knowledge of such an event, such Buyer shall, with respect to compensation payable pursuant to this Section, only be
entitled to payment under this Section for costs incurred from and after the date 45 days prior to the date that such Buyer does give such notice. 
  

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 ARTICLE XIII 
 MISCELLANEOUS 
 Section 13.1 Waiver and Amendment. No failure on the part of the Agent or
any Buyer to exercise and no delay in exercising any power or right hereunder shall operate as a waiver thereof; nor shall any single or partial exercise of any power or right preclude any other or further exercise thereof or the exercise of any
other power or right. The remedies herein and in any other instrument, document or agreement delivered or to be delivered to the Agent or the Buyers hereunder or in connection herewith are cumulative and not exclusive of any remedies provided by
law. No notice to or demand on PCI or Seller not required hereunder shall in any event entitle PCI or Seller to any other or further notice or demand in similar or other circumstances or constitute a waiver of the right of the Agent or the Buyers to
any other or further action in any circumstances without notice or demand. No amendment, modification or waiver of any provision of this Agreement or consent to any departure by PCI or Seller therefrom shall be effective unless the same shall be in
writing and signed by the Agent and the Majority Buyers, and then such amendment, modifications, waiver or consent shall be effective only in the specific instances and for the specific purpose for which given. Notwithstanding the foregoing, no such
amendment, modification, waiver or consent shall: 
 (a) Reduce the rate or extend the time of payment of interest thereon, or
reduce the amount of the principal thereof, modify any of the provisions of any Buyer Contract with respect to the payment or repayment thereof, release the PCI Support Agreement, modify any payment obligation of Seller, or transfer title to (or
release any security interest that the Agent may be deemed to hold, pursuant to Section 2.7, in) any Buyer Contract, without the consent of each Buyer; or 
 (b) Increase the amount or extend the time of any Individual Purchase Commitment Amount of any Buyer, without the consent of such Buyer;
or 
 (c) Reduce the rate or extend the time of payment of any fee payable to a Buyer, without the consent of the Buyer
affected; or 
 (d) Amend the definition of Majority Buyers or otherwise reduce the percentage of the Buyers required to
approve or effectuate any such amendment, modification, waiver, or consent, without the consent of all the Buyers; or 
 (e)
Amend any of the foregoing Sections 13.1 (a) through (d) or this Section 13.1 (e) without the consent of all the Buyers; or 
 (f) Amend any provision of this Agreement relating to the Agent in its capacity as Agent without the consent of the Agent. 
 Section 13.2 Expenses. Whether or not any Buyer Interest is purchased hereunder, Seller agrees to reimburse the Agent upon demand for all reasonable expenses paid or incurred by the Agent (including filing
and recording costs and fees and expenses of legal counsel, who may be employees of the Agent) in connection with the preparation, negotiation, execution, delivery, amendment, modification and interpretation of the Transaction Documents. PCI and
Seller also jointly and severally agree to reimburse the Agent and each Buyer upon demand for 

  

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all reasonable out-of-pocket expenses (including expenses of legal counsel) paid or incurred by the Agent or any Buyer in connection with the collection and
enforcement of the Transaction Documents, the Buyer Contracts and the Related Security Documents and the Buyer Interests. PCI and Seller jointly and severally agree to indemnify and hold the Agent and the Buyers harmless from any loss or expense
which may arise or be created by the acceptance of telephonic or other instructions for purchasing Buyer Interests or disbursing the proceeds thereof. The obligations of PCI and Seller under this Section 13.2 shall survive any termination of
this Agreement. 
 Section 13.3 Notices. Except when telephonic notice is expressly authorized by this Agreement, any notice or
other communication to any party in connection with this Agreement shall be in writing and shall be sent by manual delivery, telegram, telex, facsimile transmission, overnight courier or United States mail (postage prepaid) addressed to such party
at the address specified on the signature page hereof, or at such other address as such party shall have specified to the other party hereto in writing. All periods of notice shall be measured from the date of delivery thereof if manually delivered,
from the date of sending thereof if sent by telegram, telex or facsimile transmission, from the first Business Day after the date of sending if sent by overnight courier, or from four days after the date of mailing if mailed; provided, however, that
any notice to the Agent or any Buyer under Article II hereof shall be deemed to have been given only when received by the Agent or that Buyer. 
 Section 13.4 Successors and Assigns; Disposition of Interests in Buyer Contracts; Transferees. 
 (a)
This Agreement shall be binding upon and inure to the benefit of PCI, Seller, the Buyers, the Agent, and their respective successors and assigns and shall inure to the benefit of the Hedge Providers (if any) and its successors and permitted assigns
(including any trustee in bankruptcy), except that neither PCI nor Seller may assign or transfer any of their rights or obligations under this Agreement without the prior written consent of each Buyer . 
 (b) Any Buyer may, in the ordinary course of its business and in accordance with applicable law, at any time sell to one or more banks or
other entities (“Participants”) participating interests in such Buyer’s undivided percentage ownership interest in the Buyer Interests, and the Individual Purchase Commitment Amount of such Buyer, or any other interest of such
Buyer hereunder. In the event of any such sale by a Buyer of participating interests to a Participant, (i) such Buyer’s obligations under this Agreement to the other parties to this Agreement shall remain unchanged, (ii) such Buyer
shall remain solely responsible for the performance thereof, (iii) such Buyer shall remain the owner of such Buyer’s undivided percentage ownership interest in the Buyer Interests for all purposes under this Agreement, (iv) PCI,
Seller and the Agent shall continue to deal solely and directly with such Buyer in connection with such Buyer’s rights and obligations under this Agreement and (v) the agreement pursuant to which such Participant acquires its participating
interest herein shall provide that such Buyer shall retain the sole right and responsibility to enforce its rights hereunder and with respect to the Buyer Interests, including, without limitation the right to consent or agree to any amendment,
modification, consent or waiver with respect to this Agreement or any other 

  

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Buyer Contract, provided that such agreement may provide that such Buyer will not consent or agree to any such amendment, modification, consent or
waiver with respect to the matters set forth in Sections 13.1(a)—(c) without the prior consent of such Participant. PCI and Seller agree that if amounts outstanding under this Agreement are due and unpaid, or shall have been declared or
shall have become due and payable upon the occurrence of a Termination Event, each Participant shall be deemed to have, to the extent permitted by applicable law, the right of setoff in respect of its participating interest in amounts owing under
this Agreement to the same extent as if the amount of its participating interest were owing directly to it as a Buyer under this Agreement; provided, that such right of setoff shall be subject to the obligation of such Participant to share
with the Buyers, and the Buyers agree to share with such Participant, as provided in subsection 14.11. 
 (c) Each Buyer
may, from time to time, with the consent of the Agent (which consent shall not be unreasonably withheld), assign to other Persons (“Assignees”) part of such Buyer’s undivided percentage ownership interest in the Buyer
Interests, together with equivalent proportions of its Individual Purchase Commitment Amount and its Buyer’s Percentage, pursuant to written agreements executed by such assigning Buyer, such Assignee(s) and the Agent in substantially the form
of Exhibit E, which agreements shall specify in each instance the portion of the Buyer’s Percentage and its undivided percentage ownership interest in the Buyer Interests which is to be assigned to each Assignee and the portion of
the Individual Purchase Commitment Amount of such Buyer to be assumed by each Assignee (each, an “Transfer Agreement”); provided, however, that the assigning Buyer must pay to the Agent a processing and recordation fee of
$3,500 and that each Assignment must be for an aggregate amount of $15,000,000 or more (or the entire amount of the assigning Buyer’s Individual Purchase Commitment Amount, if lesser). Upon the execution of each Transfer Agreement by the
assigning Buyer, the relevant Assignee, PCI, Seller and the Agent, payment to the assigning Buyer by such Assignee of the purchase price for the portion of the assigning Buyer’s undivided percentage ownership interest in the Buyer Interests
being acquired by the Assignee and receipt by PCI and Seller of a copy of the relevant Transfer Agreement, (x) such Assignee lender shall thereupon become a “Buyer” for all purposes of this Agreement with an Individual Purchase
Commitment Amount in the amount set forth in such Transfer Agreement and with all the rights, powers and obligations afforded a Buyer under this Agreement, (y) such assigning Buyer shall have no further liability for funding the portion of its
Individual Purchase Commitment Amount assumed by such Assignee and (z) the address for notices to such Assignee shall be as specified in the Transfer Agreement executed by it. 
 (d) PCI and Seller shall not be liable for any costs incurred by the Buyers in effecting any participation or assignment. 
 (e) Each Buyer may disclose to any Assignee or Participant and to any prospective Assignee or Participant any and all financial
information in such Buyer’s possession concerning any of PCI or any Subsidiary which has been delivered to such Buyer by or on behalf of PCI or any Subsidiary pursuant to this Agreement or which has been delivered to such Buyer by or on behalf
of PCI or any Subsidiary in connection with 

  

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such Buyer’s credit evaluation of PCI or any Subsidiary prior to entering into this Agreement, provided that prior to disclosing such
information, such Buyer shall first obtain the agreement of such prospective Assignee or Participant to comply with the provisions of Section 13.13. 
 Section 13.5 Severability. Any provision of this Agreement which is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or
unenforceability without invalidating the remaining provisions hereof or affecting the validity or enforceability of such provision in any other jurisdiction. 
 Section 13.6 Subsidiary References. The provisions of this Agreement relating to Subsidiaries shall apply only during such times as PCI or Seller have one or more Subsidiaries. 
 Section 13.7 Captions. The captions or headings herein and any table of contents hereto are for convenience only and in no way define, limit
or describe the scope or intent of any provision of this Agreement. 
 Section 13.8 Entire Agreement. The Transaction Documents
embody the entire agreement and understanding between PCI, Seller, the Agent and the Buyers with respect to the subject matter hereof and thereof. The Transaction Documents supersede all prior agreements and understandings relating to the subject
matter hereof. 
 Section 13.9 Counterparts. This Agreement may be executed in any number of counterparts, all of which taken
together shall constitute one and the same instrument, and either of the parties hereto may execute this Agreement by signing any such counterpart. 
 Section 13.10 Governing Law. THE VALIDITY, CONSTRUCTION AND ENFORCEABILITY OF THIS AGREEMENT SHALL BE GOVERNED BY THE INTERNAL LAWS OF THE STATE OF MINNESOTA, WITHOUT GIVING EFFECT TO CONFLICT OF LAWS PRINCIPLES THEREOF, BUT
GIVING EFFECT TO FEDERAL LAWS OF THE UNITED STATES APPLICABLE TO NATIONAL BANKS. 
 Section 13.11 Consent to Jurisdiction. AT THE
OPTION OF THE AGENT, THIS AGREEMENT MAY BE ENFORCED IN ANY FEDERAL COURT OR MINNESOTA STATE COURT SITTING IN MINNEAPOLIS OR ST. PAUL, MINNESOTA; AND THE SELLER CONSENTS TO THE JURISDICTION AND VENUE OF ANY SUCH COURT AND WAIVE ANY ARGUMENT THAT
VENUE IN SUCH FORUMS IS NOT CONVENIENT. IN THE EVENT PCI OR SELLER COMMENCE ANY ACTION IN ANOTHER JURISDICTION OR VENUE UNDER ANY TORT OR CONTRACT THEORY ARISING DIRECTLY OR INDIRECTLY FROM THE RELATIONSHIP CREATED BY THIS AGREEMENT, THE AGENT AT
ITS OPTION SHALL BE ENTITLED TO HAVE THE CASE TRANSFERRED TO ONE OF THE JURISDICTIONS AND VENUES ABOVE-DESCRIBED, OR IF SUCH TRANSFER CANNOT BE ACCOMPLISHED UNDER APPLICABLE LAW, TO HAVE SUCH CASE DISMISSED WITHOUT PREJUDICE. 
 Section 13.12 Waiver of Jury Trial. PCI, SELLER, THE AGENT AND THE BUYERS IRREVOCABLY WAIVE ANY RIGHT TO A TRIAL BY JURY IN ANY ACTION OR
PROCEEDING TO ENFORCE OR DEFEND ANY RIGHTS (a) UNDER THIS AGREEMENT 

  

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OR UNDER ANY AMENDMENT, INSTRUMENT, DOCUMENT OR AGREEMENT DELIVERED OR WHICH MAY IN THE FUTURE BE DELIVERED IN CONNECTION HEREWITH OR (b) ARISING FROM
ANY RELATIONSHIP EXISTING IN CONNECTION WITH THIS AGREEMENT, AND AGREES THAT ANY SUCH ACTION OR PROCEEDING SHALL BE TRIED BEFORE A COURT AND NOT BEFORE A JURY. 
 Section 13.13 Confidentiality of Information. The Agent and the Buyers shall use reasonable efforts to assure that information about PCI, Seller and their operations, affairs and financial condition, not
generally disclosed to the public or to trade and other creditors, which is furnished to the Agent or the Buyers pursuant to the provisions hereof is used only for the purposes of this Agreement and any other relationship between the Agent or a
Buyer and Seller and shall not be divulged to any Person other than the Agents, the Buyers, their Affiliates and their respective officers, directors, employees and agents, except: (a) to their attorneys and accountants, (b) in connection
with the enforcement of the rights of the Agent or the Buyer hereunder or otherwise in connection with applicable litigation, (c) in connection with assignments and participations and the solicitation of prospective assignees and participants
referred to in Section 13.4 and (d) as may otherwise be required or requested by any regulatory authority having jurisdiction over the Agent or a Buyer or by any applicable law, rule, regulation or judicial process, the opinion of the
Agent’s or Buyer’s counsel concerning the making of such disclosure to be binding on the parties hereto. The Agent and the Buyers shall not incur any liability to Seller by reason of any disclosure permitted by this Section 13.13.

 Section 13.14 Survival of Agreement. All representations, warranties, covenants and agreement made by PCI and Seller herein
and in the certificates or other instruments prepared or delivered in connection with or pursuant to this Agreement shall be deemed to have been relied upon by the Agent and the Buyers, regardless of any investigation made by or on behalf of the
Agent or the Buyers, and shall continue in full force and effect as long as any Buyer Interest is outstanding and unpaid and so long as the Purchase Commitment has not been terminated; provided, however, that the obligations of Seller under
Sections 10.15 and 13.2 shall survive payment in full of the Buyer Interests and the termination of the Purchase Commitment. 
 Section 13.15 Contract Purchase Facility. This Agreement and the Receivables Sale Agreement together amend and restate the Third Amended and Restated Contract Purchase Agreement, dated as of June 19, 2002, as amended prior
to the date hereof, among PCI, the Originators, U.S. Bank National Association, individually and as agent, and certain buyers identified therein. 
 Section 13.16 Withholding Taxes. 
 (a) Buyers to Submit Forms. Each Buyer represents to Seller
and the Agent that, as of the date it becomes a Buyer and at all times thereafter, it is either (i) a corporation organized under the laws of the United States or any State thereof or (ii) entitled to complete exemption from United States
withholding tax imposed on or with respect to any payments, including fees, to be made pursuant to this Agreement (x) under an applicable provision of a tax convention to which the United States is a party or (y) because it is acting
through a branch, agency or office in the United States and any payment to be received by it hereunder is effectively connected with a trade or business 

  

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in the United States. Each Buyer that is not a United States person (as such term is defined in Section 7701(a)(30) of the Code) shall submit to Seller
and the Agent, on or before the later of the date hereof or the day on which such Buyer becomes a Buyer, duly completed and signed copies of either Form 1001 (relating to such Buyer and entitling it to a complete exemption from withholding on
all payments to be received by such Buyer hereunder) or Form 4224 (relating to all payments to be received by such Buyer hereunder) of the United States Internal Revenue Service. Thereafter and from time to time, each such Buyer shall submit to
Seller and the Agent such additional duly completed and signed copies of one or the other of such Forms (or such successor Forms as shall be adopted from time to time by the relevant United States taxing authorities) as may be (i) reasonably
requested by Seller or the Agent and (ii) required and permitted under then-current United States law or regulations to avoid United States withholding taxes on payments in respect of all payments to be received by such Buyer hereunder. Upon
the request of Seller or the Agent, each Buyer that is a United States person (as such term is defined in Section 7701(a)(30) of the Code) shall submit to Seller and the Agent a certificate in such form as is reasonably satisfactory to Seller
and the Agent to the effect that it is such a United States person. 
 (b) Inability of a Buyer. If any Buyer that is
not a United States person (as such term is defined in Section 7701(a)(30) of the Code) determines that, as a result of any change in law or regulation or the interpretation thereof, Seller or any Obligor, or the Agent, is required by law or
regulation to make any deduction, withholding or backup withholding (in which case Seller or the Agent is hereby authorized to make such deduction, withholding or backup withholding) of any taxes, levies, imposts, duties, fees, liabilities or
similar charges of the United States of America, any possession or territory of the United States of America (including the Commonwealth of Puerto Rico) or any area subject to the jurisdiction of the United States of America (“U.S.
Taxes”) from any payments to a Buyer pursuant to this Agreement in respect of the obligations payable to such Buyer then or thereafter outstanding under this Agreement or any Buyer Interests, Seller will pay to such Buyer an amount which,
after deduction from such increased amount of all U.S. Taxes required to be withheld or deducted therefrom, will yield the amount required under this Agreement or the Buyer Interests to be paid with respect thereto; provided, that Seller
shall not be required to pay any additional amount pursuant to this Section 13.16(b) to any Buyer (i) that is not, either on the date this Agreement is executed by such Buyer or on the date such Buyer becomes such under
Section 13.4(c), either (x) entitled to submit Form 1001 (relating to such Buyer and entitling it to a complete exemption from withholding on all payments to be received by such Buyer hereunder) or Form 4224 (relating to all
payments to be received by such Buyer hereunder) or (y) a United States person (as such term is defined in Section 7701(a)(30) of the Code), or (ii) that has failed to submit any form or certificate that it was required to file
pursuant to subsection (a) and entitled to file under applicable law or (iii) arising from such Buyer’s failure to comply with any certification, identification or other similar requirement under United States income tax laws or
regulations (including backup withholding) to establish entitlement to exemption from such U.S. Taxes; and provided, further, that if a Buyer, as a result of any amount paid by Seller to such Buyer pursuant to this Section 13.16,
shall realize a tax credit or refund, which tax credit or refund would not have been realized but for Seller’s payment of such amount, such Buyer shall pay to 

  

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Seller an amount equal to such tax credit or refund. Each Buyer may determine the portion, if any, of any tax credit or refund attributable to Seller’s
payments using such attribution and accounting methods as such Buyer reasonably selects, and such Buyer’s determination of the portion of any tax credit or refund attributable to Seller’s payments shall be conclusive in the absence of
manifest error. The obligation of Seller under this Section 13.16(b) shall survive the payment in full of the Obligations and the termination of the Purchase Commitments of such Buyer. 
 (c) Substitution of Buyer. In the event Seller is required pursuant to this Section 13.16 to pay any additional amount to any
Buyer, such Buyer shall, if no Termination Event has occurred and is continuing, upon the request of Seller to such Buyer and the Agent, assign, pursuant to and in accordance with the provisions of Section 13.4, all of its rights and
obligations under this Agreement and with respect to the Buyer Interests to another Buyer or an assignee selected by Seller and reasonably satisfactory to the Agent, in consideration for (i) the payment by such assignee to the assigning Buyer
of the Buyer’s Percentage of the assigning Buyer of the principal outstanding under, and interest accrued at the Buyers’ Rate on, the Buyer Interests, (ii) the payment by Seller to the assigning Buyer of any and all other amounts
owing to such Buyer under any provision of this Agreement accrued and unpaid to the date of such assignment and (iii) Seller’s release of the assigning Buyer from any further obligation or liability under this Agreement. Notwithstanding
anything to the contrary in this Section 13.16(c), in no event shall the replacement of any Buyer result in a decrease in the aggregate Purchase Commitments without the written consent of the Majority Buyers. 
 ARTICLE XIV 
 THE AGENT 
 The following provisions shall govern the relationship of the Agent with the Buyers. 
 Section 14.1 Appointment and Authorization. Each Buyer appoints and authorizes the Agent to take such action as agent on its behalf and to
exercise such respective powers under this Agreement and with respect to the Buyer Interests as are delegated to the Agent by the terms thereof, together with such powers as are reasonably incidental thereto. Neither the Agent nor any of its
directors, officers or employees shall be liable for any action taken or omitted to be taken by it under or in connection with this Agreement and with respect to the Buyer Interests, except for its own gross negligence or willful misconduct. The
Agent shall act as an independent contractor in performing its obligations as Agent hereunder and nothing herein contained shall be deemed to create any fiduciary relationship among or between the Agent, Seller or the Buyers. 
 Section 14.2 Buyers. The Agent may treat each Buyer as the owner of its respective Buyer’s Percentage until written notice of transfer
shall have been filed with it, signed by such Buyer and in the form of Exhibit E. 
 Section 14.3 Consultation With
Counsel. The Agent may consult with legal counsel selected by it and shall not be liable for any action taken or suffered in good faith by it in accordance with the advice of such counsel. 
  

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 Section 14.4 Validity of Agreement and Buyer Contracts. The Agent shall not be under a duty
to examine or pass upon the validity, effectiveness, genuineness or value of any of this Agreement or the Buyer Contracts or any other instrument or document furnished pursuant thereto, and the Agent shall be entitled to assume that the same are
valid, effective and genuine and what they purport to be. 
 Section 14.5 U.S. Bank and Affiliates. With respect to its
Individual Purchase Commitment Amount and the undivided percentage ownership interest in the Buyer Interests purchased by it, U.S. Bank shall have the same rights and powers under this Agreement and with respect to the Buyer Interests as any other
Buyer and may exercise the same as though it were not the Agent consistent with the terms thereof, and U.S. Bank and its Affiliates may accept deposits from, lend money to and generally engage in any kind of business with Seller as if it were not
the Agent. 
 Section 14.6 Action by Agent. Except as may otherwise be expressly stated in this Agreement, the Agent shall be
entitled to use its discretion with respect to exercising or refraining from exercising any rights which may be vested in it by, or with respect to taking or refraining from taking any action or actions which it may be able to take under or in
respect of, this Agreement and the Buyer Interests. The Agent shall be required to act or to refrain from acting (and shall be fully protected in so acting or refraining from acting) upon the instructions of the Majority Buyers, and such
instructions shall be binding upon all owners of undivided percentage ownership interests in the Buyer Interests; provided, however, that the Agent shall not be required to take any action which exposes the Agent to personal liability or which is
contrary to this Agreement, the Buyer Contracts or applicable law. The Agent shall incur no liability under or in respect of any of this Agreement or the Buyer Contracts by acting upon any notice, consent, certificate, warranty or other paper or
instrument believed by it to be genuine or authentic or to be signed by the proper party or parties and to be consistent with the terms of this Agreement. 
 Section 14.7 Credit Analysis. Each Buyer has made, and shall continue to make, its own independent investigation or evaluation of the operations, business, property and condition, financial and otherwise,
of Seller in connection with entering into this Agreement and has made its own appraisal of the creditworthiness of Seller and the value of the Buyer Contracts. Except as explicitly provided herein, the Agent has no duty or responsibility, either
initially or on a continuing basis, to provide any Buyer with any credit or other information with respect to such operations, business, property, condition or creditworthiness, whether such information comes into its possession on or before the
first Termination Event or at any time thereafter. 
 Section 14.8 Notices of Termination Event, Etc. In the event that the Agent
shall have acquired actual knowledge of any Termination Event or Unmatured Termination Event, the Agent shall promptly give notice thereof to the Buyers. 
 Section 14.9 Indemnification. Each Buyer agrees to indemnify the Agent, as Agent (to the extent not reimbursed by PCI or Seller), ratably according to such Buyer’s Individual Purchase Commitment
Amount, from and against any and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever which may be imposed on or incurred by the Agent in any way
relating to or 

  

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arising out of this Agreement or the Buyer Contracts or any action taken or omitted by the Agent under this Agreement or with respect to the Buyer Contracts,
provided that no Buyer shall be liable for any portion of such liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements resulting from the Agent’s gross negligence or willful misconduct.
No payment by any Buyer under this Section shall relieve Seller of any of its obligations under this Agreement. 
 Section 14.10
Payments and Collections. All funds received by the Agent in respect of any payments made by PCI or Seller under this Agreement shall be distributed forthwith by the Agent among the Buyers, in like currency and funds as received, ratably
according to each Bank’s Individual Purchase Commitment Amount. After any Termination Event has occurred and is continuing, all funds received by the Agent, whether as payments by PCI or Seller or as realization on any collateral or on any
guaranties, shall (except as may otherwise be required by law) be distributed by the Agent in the following order: (a) first to the Agent or any Buyer who has incurred unreimbursed costs of collection with respect to any amount payable
hereunder, ratably to the Agent and each Buyer in the proportion that the costs incurred by the Agent or such Buyer bear to the total of all such costs incurred by the Agent and all Buyers; (b) next to the Agent for the account of the Buyers
(in accordance with their respective Individual Purchase Commitment Amounts) for application on the amounts owing hereunder; and (c) last to the Agent for application to any unpaid agent’s fees. 
 Section 14.11 Sharing of Payments. If any Buyer shall receive and retain any payment, voluntary or involuntary, whether by setoff,
application of deposit balance or security, or otherwise, in respect of Obligations under this Agreement in excess of such Buyer’s share thereof as determined under this Agreement, then such Buyer shall purchase from the other Buyers for cash
and at face value and without recourse, such participation in the percentage ownership interests in the Buyer Interests held by such other Buyers as shall be necessary to cause such excess payment to be shared ratably as aforesaid with such other
Buyers; provided, that if such excess payment or part thereof is thereafter recovered from such purchasing Buyer, the related purchases from the other Buyers shall be rescinded ratably and the purchase price restored as to the portion of such excess
payment so recovered, but without interest. Subject to the participation purchase obligation above, each Buyer agrees to exercise any and all rights of setoff, counterclaim or banker’s lien first fully against any indebtedness of PCI or Seller
to such Buyer arising under or pursuant to this Agreement and to any participations held by such Buyer in indebtedness of PCI or Seller arising under or pursuant to this, and only then to any other indebtedness of PCI or Seller to such Buyer.

 Section 14.12 Advice to Buyers. The Agent shall forward to the Buyers copies of all notices, financial reports and other
communications received hereunder from PCI or Seller by it as Agent, excluding, however, notices, reports and communications which by the terms hereof are to be furnished by PCI or Seller directly to each Buyer. 
 Section 14.13 Resignation. If at any time U.S. Bank shall deem it advisable, in its sole discretion, it may submit to each of the Buyers,
Seller and PCI a written notification of its resignation as Agent under this Agreement, such resignation to be effective upon the appointment of a successor Agent, but in no event later than 30 days from the date of such notice. Upon submission of
such notice, the Majority Buyers may appoint a successor Agent. 
  

 57 

 Section 14.14 Compensation. Seller hereby agrees to pay to the Agent on each Quarterly
Payment Date, for the Agent’s own account, an agent’s fee in the amount of $625 per quarter. No Buyer (other than the Agent) shall be entitled to any portion of such fee. 
 [The remainder of this page is intentionally left blank] 
  

 58 

 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed as of the date first
above. 
  

					
	PATTERSON COMPANIES, INC.	 	
			
	 By:
	 	 /s/ R. Stephen Armstrong
	 	
		 	R. Stephen Armstrong	 	
		 	Executive Vice President, Treasurer and Chief Financial Officer	 	
		
	1031 Mendota Heights Road	 	
	St. Paul, MN 55120	 	
	Attention: R. Stephen Armstrong	 	
	Telecopier: (612) 686-8984	 	
		
	PDC FUNDING COMPANY II, LLC	 	
			
	 By:
	 	 /s/ R. Stephen Armstrong
	 	
		 	R. Stephen Armstrong	 	
		 	Chief Manager and President	 	
		
	1031 Mendota Heights Road	 	
	St. Paul, MN 55120	 	
	Attention: R. Stephen Armstrong	 	
	Telecopier: (612) 686-8984	 	

 [Signature Page to Contract Purchase Agreement] 
  

 S-1 

 Individual Contract Purchase 
 Commitment Amounts 
  

									
	 $75,000,000
	 		 	U.S. BANK NATIONAL ASSOCIATION	 	
					
		 		 	By:	 	 /s/ Karen Weathers
	 	
		 		 		 	Karen Weathers	 	
		 		 		 	Vice President	 	
				
		 		 	 800 Nicollet Mall
 Minneapolis, MN
55402
	 	
		 		 	Attention: Ms. Karen Weathers	 	
		 		 	Telecopier: (612) 303-2264	 	
				
	 $35,000,000
	 		 	THE NORTHERN TRUST COMPANY	 	
					
		 		 	By:	 	 /s/ John Canty
	 	
		 		 		 	John C. Canty	 	
		 		 		 	Vice President	 	
				
		 		 	 The Northern Trust Company
 50 South
LaSalle Street, Floor B2
 Chicago, Illinois 60675
	 	
		 		 	Attention: Jeffrey Clark	 	
		 		 	Telecopier: (312) 444-7028	 	

 [Signature Page to Contract Purchase Agreement] 
  

 S-2Revolving Credit Facility Agreement

 Exhibit 10.1 
  

 MEGABINGO, INC. 
 AND 
 MGAM SYSTEMS, INC. 
 REVOLVING CREDIT AGREEMENT 
 DATED AS OF APRIL 27, 2007 
 WITH 
 COMERICA BANK, 

AS AGENT 
  

 TABLE OF CONTENTS 
  

					
	 	  	 	  	Page
		
	 1.      DEFINITIONS
	  	1
			
	 1.1
	  	Certain Defined Terms	  	1
		
	 2.      REVOLVING CREDIT
	  	17
			
	 2.1
	  	Commitment	  	17
			
	 2.2
	  	Accrual of Interest and Maturity; Evidence of Indebtedness	  	18
			
	 2.3
	  	Requests for and Refundings and Conversions of Advances	  	19
			
	 2.4
	  	Disbursement of Advances	  	20
			
	 2.5
	  	Swing Line Advances	  	22
			
	 2.6
	  	Prime-based Interest Payments	  	26
			
	 2.7
	  	Eurocurrency-based Interest Payments and Quoted Rate Interest Payments	  	26
			
	 2.8
	  	Interest Payments on Conversions	  	27
			
	 2.9
	  	Interest on Default	  	27
			
	 2.10
	  	Prime-based Advance in Absence of Election or Upon Default	  	27
			
	 2.11
	  	Optional Prepayments	  	27
			
	 2.12
	  	Mandatory Repayment of Revolving Credit Advances	  	28
			
	 2.13
	  	Optional Reduction or Termination of Revolving Credit Aggregate Commitment	  	28
			
	 2.14
	  	Revolving Credit Facility Fee	  	29
			
	 2.15
	  	Use of Proceeds of Advances	  	29
			
	 2.16
	  	Lock-Box	  	30
			
	 2.17
	  	Extension of Revolving Credit Maturity Date	  	30
		
	 3.      LETTERS OF CREDIT
	  	30
			
	 3.1
	  	Letters of Credit	  	30
			
	 3.2
	  	Conditions to Issuance	  	31
			
	 3.3
	  	Notice	  	32
			
	 3.4
	  	Letter of Credit Fees	  	32
			
	 3.5
	  	Other Fees	  	33
			
	 3.6
	  	Drawings and Demands for Payment Under Letters of Credit	  	33
			
	 3.7
	  	Obligations Irrevocable	  	35
			
	 3.8
	  	Risk Under Letters of Credit	  	36
			
	 3.9
	  	Indemnification	  	37

  

 - 1 - 

					
			
	 3.10
	  	Right of Reimbursement	  	38
		
	 4.      CONDITIONS
	  	38
			
	 4.1
	  	Execution of Notes and this Agreement	  	38
			
	 4.2
	  	Corporate Authority	  	39
			
	 4.3
	  	Collateral Documents, Guaranties and other Loan Documents	  	39
			
	 4.4
	  	Insurance	  	39
			
	 4.5
	  	Compliance with Certain Documents and Agreements	  	39
			
	 4.6
	  	Opinions of Counsel	  	39
			
	 4.7
	  	Closing Certificate	  	39
			
	 4.8
	  	Payment of Fees	  	40
			
	 4.9
	  	Refinancing	  	40
			
	 4.10
	  	Continuing Conditions	  	40
		
	 5.      REPRESENTATIONS AND WARRANTIES
	  	40
			
	 5.1
	  	Organizational Authority	  	40
			
	 5.2
	  	Due Authorization – Borrowers	  	40
			
	 5.3
	  	Due Authorization – Guarantors	  	41
			
	 5.4
	  	Good Title, No Liens	  	41
			
	 5.5
	  	Taxes	  	41
			
	 5.6
	  	No Defaults	  	41
			
	 5.7
	  	Enforceability of Agreement and Loan Documents – Borrowers	  	41
			
	 5.8
	  	Enforceability of Loan Documents – Guarantors	  	42
			
	 5.9
	  	Compliance with Laws; Licenses	  	42
			
	 5.10
	  	Non-contravention – Borrower	  	42
			
	 5.11
	  	Non-contravention – Guarantors	  	42
			
	 5.12
	  	No Litigation	  	42
			
	 5.13
	  	Consents, Approvals and Filings, Etc	  	42
			
	 5.14
	  	Agreements Affecting Financial Condition	  	43
			
	 5.15
	  	No Investment Company or Margin Stock	  	43
			
	 5.16
	  	ERISA	  	43
			
	 5.17
	  	Conditions Affecting Business or Properties	  	43
			
	 5.18
	  	Environmental and Safety Matters	  	44
			
	 5.19
	  	Subsidiaries	  	44

  

 - 2 - 

					
			
	 5.20
	  	Accuracy of Information	  	44
			
	 5.21
	  	Employees; Collective Bargaining Agreements	  	45
			
	 5.22
	  	Solvency	  	45
			
	 5.23
	  	Franchises, Patents, Copyrights, Tradenames, etc	  	45
			
	 5.24
	  	Insurance	  	45
			
	 5.25
	  	Patriot Act	  	45
		
	 6.      AFFIRMATIVE COVENANTS
	  	46
			
	 6.1
	  	Financial Statements	  	46
			
	 6.2
	  	Certificates; Other Information	  	47
			
	 6.3
	  	Payment of Obligations	  	47
			
	 6.4
	  	Conduct of Business and Maintenance of Existence; Compliance with Laws	  	48
			
	 6.5
	  	Maintenance of Property; Insurance	  	48
			
	 6.6
	  	Inspection of Property; Books and Records, Discussions	  	48
			
	 6.7
	  	Notices	  	49
			
	 6.8
	  	Hazardous Material Laws	  	50
			
	 6.9
	  	Consolidated Fixed Charge Coverage Ratio	  	50
			
	 6.10
	  	Consolidated Total Leverage Ratio	  	50
			
	 6.11
	  	Minimum Consolidated EBITDA	  	51
			
	 6.12
	  	Governmental and Other Approvals	  	51
			
	 6.13
	  	Compliance with ERISA; ERISA Notices	  	51
			
	 6.14
	  	Security	  	52
			
	 6.15
	  	Defense of Collateral	  	52
			
	 6.16
	  	Future Subsidiaries; Additional Collateral	  	52
			
	 6.17
	  	Use of Proceeds	  	53
			
	 6.18
	  	Further Assurances	  	53
		
	 7.      NEGATIVE COVENANTS
	  	53
			
	 7.1
	  	Limitation on Debt	  	53
			
	 7.2
	  	Limitation on Liens	  	54
			
	 7.3
	  	Limitation on Guarantee Obligations	  	55
			
	 7.4
	  	Acquisitions	  	55
			
	 7.5
	  	Limitation on Mergers, other Fundamental Changes or Sale of Assets	  	55

  

 - 3 - 

					
			
	 7.6
	  	Restricted Payments	  	56
			
	 7.7
	  	Limitation on Capital Expenditures	  	57
			
	 7.8
	  	Limitation on Investments, Loans and Advances	  	57
			
	 7.9
	  	Transactions with Affiliates	  	58
			
	 7.10
	  	Sale and Leaseback	  	58
			
	 7.11
	  	Limitation on Negative Pledge Clauses	  	58
			
	 7.12
	  	Prepayment of Debts	  	58
			
	 7.13
	  	Modification of Certain Agreements	  	58
			
	 7.14
	  	Fiscal Year	  	59
		
	 8.      DEFAULTS
	  	59
			
	 8.1
	  	Events of Default	  	59
			
	 8.2
	  	Exercise of Remedies	  	61
			
	 8.3
	  	Rights Cumulative	  	61
			
	 8.4
	  	Waiver by Borrowers of Certain Laws	  	61
			
	 8.5
	  	Waiver of Defaults	  	61
			
	 8.6
	  	Set Off	  	62
		
	 9.      PAYMENTS, RECOVERIES AND COLLECTIONS
	  	62
			
	 9.1
	  	Payment Procedure	  	62
			
	 9.2
	  	Application of Proceeds of Collateral	  	64
			
	 9.3
	  	Pro-rata Recovery	  	64
			
	 9.4
	  	Margin Adjustment	  	64
		
	 10.    CHANGES IN LAW OR CIRCUMSTANCES; INCREASED COSTS
	  	65
			
	 10.1
	  	Reimbursement of Prepayment Costs	  	65
			
	 10.2
	  	Eurocurrency Lending Office	  	65
			
	 10.3
	  	Circumstances Affecting Eurocurrency-based Rate Availability	  	65
			
	 10.4
	  	Laws Affecting Eurocurrency-based Advance Availability	  	66
			
	 10.5
	  	Increased Cost of Eurocurrency-based Advances	  	66
			
	 10.6
	  	Capital Adequacy and Other Increased Costs	  	67
			
	 10.7
	  	Right of Banks to Fund through Branches and Affiliates	  	68
		
	 11.    AGENT
	  	68
			
	 11.1
	  	Appointment of Agent	  	68
			
	 11.2
	  	Deposit Account with Agent	  	68

  

 - 4 - 

					
			
	 11.3
	  	Scope of Agent’s Duties	  	68
			
	 11.4
	  	Successor Agent	  	69
			
	 11.5
	  	Credit Decisions	  	69
			
	 11.6
	  	Authority of Agent to Enforce This Agreement	  	70
			
	 11.7
	  	Indemnification of Agent	  	70
			
	 11.8
	  	Knowledge of Default	  	71
			
	 11.9
	  	Agent’s Authorization; Action by Banks	  	71
			
	 11.10
	  	Enforcement Actions by the Agent	  	71
			
	 11.11
	  	Collateral Matters	  	71
			
	 11.12
	  	Agent in its Individual Capacities	  	72
			
	 11.13
	  	Agent’s Fees	  	72
		
	 12.    MISCELLANEOUS
	  	72
			
	 12.1
	  	Accounting Principles	  	72
			
	 12.2
	  	Consent to Jurisdiction	  	72
			
	 12.3
	  	Law of Michigan	  	73
			
	 12.4
	  	Interest	  	73
			
	 12.5
	  	Closing Costs and Other Costs; Indemnification	  	73
			
	 12.6
	  	Notices	  	74
			
	 12.7
	  	Further Action	  	75
			
	 12.8
	  	Successors and Assigns; Participations; Assignments	  	75
			
	 12.9
	  	Counterparts	  	77
			
	 12.10
	  	Amendment and Waiver	  	78
			
	 12.11
	  	Substitution of Lenders	  	79
			
	 12.12
	  	Confidentiality	  	79
			
	 12.13
	  	Withholding Taxes	  	80
			
	 12.14
	  	Taxes and Fees	  	80
			
	 12.15
	  	WAIVER OF JURY TRIAL	  	81
			
	 12.16
	  	Complete Agreement; Conflicts	  	81
			
	 12.17
	  	Severability	  	81
			
	 12.18
	  	Table of Contents and Headings	  	81
			
	 12.19
	  	Construction of Certain Provisions	  	81
			
	 12.20
	  	Independence of Covenants	  	81
			
	 12.21
	  	Reliance on and Survival of Various Provisions	  	82
			
	 12.22
	  	USA PATRIOT ACT Notice	  	82
			
	 12.23
	  	OFAC/BSA Provision	  	82
			
	 12.24
	  	Joint and Several Liability of the Borrowers	  	82

  

 - 5 - 

 REVOLVING CREDIT AGREEMENT 
 This Revolving Credit Agreement (“Agreement”) is made as of the 27th day of April, 2007, by and among the financial institutions from time to time signatory hereto (individually, a
“Bank,” and, any and all such financial institutions collectively, the “Banks”), Comerica Bank, as agent for the Banks (in such capacity, “Agent”), and MegaBingo, Inc., a Delaware corporation (“MegaBingo”) and
MGAM Systems, Inc., a Delaware corporation (“MGAM”, together with MegaBingo collectively referred to as “Borrowers” and each a “Borrower”). 
 RECITALS: 
 A. Borrowers have requested that the Banks extend to them, as joint and several obligors, credit
and letters of credit on the terms and conditions set forth herein. 
 B. The Banks are prepared to extend such credit as aforesaid, but only
on the terms and conditions set forth in this Agreement. 
 NOW THEREFORE, in consideration of the covenants contained herein, Borrower, the
Banks, and the Agent agree as follows: 
  

	1.	DEFINITIONS 

 1.1 Certain Defined Terms. For the
purposes of this Agreement the following terms will have the following meanings: 
 “Account(s)” shall mean any account as defined
under the UCC, including without limitation, with respect to any Person, any right of such Person to payment for goods sold or leased or for services rendered. 
 “Account Party” shall mean, with respect to any Letter of Credit, the Borrower or Borrowers named in an application to the Agent for the issuance of such Letter of Credit. 
 “Advance(s)” shall mean, as the context may indicate, a borrowing requested by Borrowers and made by the Banks under Section 2.1 hereof,
or the Swing Line Bank under Section 2.5 hereof, including without limitation any readvance, refunding or conversion of such borrowing pursuant to Section 2.3 or 2.5, and any advance deemed to have been made in respect of a Letter of
Credit under Section 3.6(a) hereof, and shall include, as applicable, a Eurocurrency-based Advance, a Prime-based Advance and a Quoted Rate Advance. 
 “Advisory Letter” shall mean a letter or other notification from the NIGC or other applicable governmental authority, addressed to any Loan Party, any of their customers, or any other Person, related to any
product of any Loan Party, or the conduct or operations of the business of any Loan Party. 
 “Affiliate” shall mean, with respect
to any Person, any other Person or group acting in concert in respect of the first Person that, directly or indirectly, through one or more intermediaries, controls, or is controlled by, or is under common control with such first Person. 

 
For purposes of this definition, “control” (including, with correlative meanings, the terms “controlled by” and “under common
control with”), as used with respect to any Person or group of Persons, shall mean the possession, directly or indirectly, of the power to direct or cause the direction of management and policies of such Person, whether through the ownership of
voting securities or by contract or otherwise. Unless otherwise specified to the contrary herein, or the context requires otherwise, Affiliate shall refer to Affiliates of Borrower. 
 “Agency Fee Letter” shall mean that certain letter delivered by Agent to Borrowers, which letter enumerates certain fees, expenses and
reimbursements to be paid to Agent by Borrowers for Agent’s sole account. 
 “Agent” shall mean Comerica Bank, in its capacity
as agent for the Banks hereunder, or any successor agent appointed in accordance with Section 11.4 hereof. 
 “Agent’s
Correspondent” shall mean for Advances in eurodollars, Agent’s Grand Cayman Branch (or for the account of said branch office, at Agent’s main office in Detroit, Michigan, United States). 
 “Alternate Base Rate” shall mean, for any day, an interest rate per annum equal to the greater of (i) the Prime Rate in effect on such
day, or (ii) Federal Funds Effective Rate in effect on such day, plus one-half of one percent (0.50%). 
 “Applicable Fee
Percentage” shall mean, as of any date of determination thereof, the applicable percentage used to calculate certain of the fees due and payable hereunder, determined by reference to the appropriate columns in the Applicable Margin Grid
attached to this Agreement as Schedule 1.1. 
 “Applicable Interest Rate” shall mean, (i) with respect to each Revolving
Credit Advance, the Eurocurrency-based Rate or the Prime-based Rate and (ii) with respect to each Swing Line Advance, the Prime-based Rate or a Quoted Rate, in each case as selected by Borrowers from time to time subject to the terms and
conditions of this Agreement. 
 “Applicable Margin” shall mean, as of any date of determination thereof, the applicable interest
rate margin, determined by reference to the appropriate columns in the Applicable Margin Grid attached to this Agreement as Schedule 1.1. 
 “Asset Sale” shall mean the sale, transfer or other disposition by Borrowers or any of their Subsidiaries of any asset to any Person (other than to Borrowers or to any other Loan Party), other than sales, transfers or other
dispositions of inventory in the ordinary course of business and sales of assets or other dispositions of assets that have been damaged, become obsolete, worn out or are no longer useable or useful in the conduct of the business of any Borrower or
any Subsidiary. 
 “Assignment Agreement” shall mean an Assignment Agreement substantially (as determined by Agent) in the form of
Exhibit “A” hereto. 
  

 - 2 - 

 “Bankruptcy Code” shall mean Title 11 of the United States Code and the rules promulgated
thereunder. 
 “Banks” shall mean Comerica Bank, the other financial institutions signatory hereto and such other financial
institutions from time to time parties hereto as lenders and shall include any assignee which becomes a Bank pursuant to Section 12.8 hereof. 
 “Business Day” shall mean any day other than a Saturday or a Sunday on which commercial banks are open for domestic and international business (including dealings in foreign exchange) in Detroit and New York, and in the case of a
Business Day which relates to a Eurocurrency-based Advance, on which dealings are carried on in the London interbank eurodollar market. 
 “Capital Expenditures” shall mean, for any period, with respect to any Person, the aggregate of all expenditures incurred by such Person and its Subsidiaries during such period for the acquisition or leasing (pursuant to a
Capitalized Lease) of fixed or capital assets or additions to equipment, plant and property that should be capitalized under GAAP on a consolidated balance sheet of such Person and its Subsidiaries; but excluding expenditures made in connection with
(i) acquisitions permitted hereunder, and (ii) the replacement, substitution or restoration of assets to the extent (a) financed from insurance proceeds (or similar recoveries) paid on account of the loss of or damage to the assets
being replaced or restored, or (b) financed with awards of compensation arising from the taking by eminent domain or condemnation of the assets being replaced. 
 “Capital Stock” shall mean (i) in the case of any corporation, all capital stock and any securities exchangeable for or convertible into capital stock, (ii) in the case of an association or
business entity, any and all shares, interests, participations, rights or other equivalents of corporate stock (however designated) in or to such association or entity, (iii) in the case of a partnership or limited liability company,
partnership or membership interests (whether general or limited) and (iv) any other interest or participation that confers on a Person the right to receive a share of the profits and losses of, or distribution of assets of, the issuing Person,
and including, in all of the foregoing cases described in clauses (i), (ii), (iii) or (iv), any warrants, rights or other options to purchase or otherwise acquire any of the interests described in any of the foregoing cases. 
 “Capitalized Lease” shall mean, as applied to any Person, any lease of any property (whether real, personal or mixed) with respect to which the
discounted present value of the rental obligations of such Person as lessee thereunder, in conformity with GAAP, is required to be capitalized on the balance sheet of that Person. 
 “Collateral” shall mean all property or rights in which a security interest, mortgage, lien or other encumbrance for the benefit of the Banks
is or has been granted or arises or has arisen, under or in connection with this Agreement, the other Loan Documents, or otherwise to secure the Indebtedness. 
 “Collateral Documents” shall mean the Security Agreement, and all of the other acknowledgments, certificates, stock powers, financing statements, instruments and other 

  

 - 3 - 

 
security documents executed by any Loan Party in favor of the Agent in each case as of the Effective Date or, from time to time, subsequent thereto, in
connection with such collateral documents, in each case, as such collateral documents may be amended or otherwise modified from time to time. 
 “Comerica Bank” shall mean Comerica Bank, a Michigan banking corporation, and its successors or assigns. 
 “Comerica
Debt” shall mean the indebtedness owing pursuant to that certain Amended and Restated Loan and Security Agreement dated as of November 16, 2005 among Borrowers and Comerica Bank, as amended. 
 “Consolidated” (or “consolidated”) or “Consolidating” (or “consolidating”) shall mean, when used with reference
to any financial term in this Agreement, the aggregate for two or more Persons of the amounts signified by such term for all such Persons determined on a consolidated (or consolidating) basis in accordance with GAAP, applied on a consistent basis.
Unless otherwise specified herein, “Consolidated” and “Consolidating” shall refer to Borrowers and their Subsidiaries, determined on a Consolidated or Consolidating basis. 
 “Consolidated EBITDA” shall mean, for any period, Consolidated Net Income for such period plus, without duplication and only to the
extent reflected as a charge or reduction in the statement of such Consolidated Net Income for such period, the sum of (a) Income Taxes expense, (b) Consolidated Interest Expense, (c) depreciation and amortization expense, including
amortization of Development Agreement expense, and (d) subject to Agent’s approval, which may be granted or withheld in Agent’s sole discretion, any extraordinary, unusual or non-cash non-recurring expenses or losses (including,
whether or not otherwise includable as a separate item in the statement of such Consolidated Net Income for such period, losses on sales of assets outside of the ordinary course of business). 
 “Consolidated Fixed Charge Coverage Ratio” shall mean for any period of four consecutive fiscal quarters, the ratio of (a) Consolidated
EBITDA of Borrowers and their Subsidiaries during such period to (b) Consolidated Fixed Charges for such period. 
 “Consolidated
Fixed Charges” shall mean, for any period, the sum, without duplication, of (i) all cash Consolidated Interest Expense paid or payable in respect of such period on Consolidated Funded Debt plus (ii) all regularly scheduled
installments of principal or other sums payable during such period by Borrowers and their Subsidiaries with respect to Consolidated Funded Debt (excluding voluntary or mandatory prepayments of Consolidated Funded Debt and the repayment of the
Comerica Debt) plus (iii) all Income Taxes paid or payable during such period, but excluding deferred Income Taxes, plus (iv) the amount of dividends or other distributions on equity declared and paid or payable in cash in respect of such
period, plus (v) all Non-Financed Capital Expenditures incurred for such period, plus (vi) all repurchases or redemptions of Borrower’s own capital stock during such period which were not financed with the proceeds of the Revolving
Commitment or other Indebtedness permitted hereunder, plus (vii) all payments and advances made under or in respect of Development Agreements made during such period which were not financed with the proceeds of the Revolving Commitment or other
Indebtedness permitted hereunder, all as determined in accordance with GAAP. 
  

 - 4 - 

 “Consolidated Interest Expense” shall mean for any period total cash interest expense
(including that attributable to Capitalized Leases) of Borrowers and their Subsidiaries plus, without duplication, capitalized interest expense, plus any portion of the Revolving Credit Facility Fee and the Letter of Credit Fees allocable to such
period in accordance with GAAP. 
 “Consolidated Net Income” shall mean for any period, the consolidated net income (or loss) of
Borrowers and their Subsidiaries, determined on a consolidated basis in accordance with GAAP; provided that there shall be excluded (a) the income (or deficit) of any Person accrued prior to the date it becomes a Subsidiary or is merged into or
consolidated with a Borrower or any of its Subsidiaries, and (b) the income (or deficit) of any Person (other than a Subsidiary of a Borrower) in which any of its Subsidiaries has an ownership interest, except to the extent that any such income
is actually received by a Borrower or such Subsidiary in the form of dividends or similar distributions. 
 “Consolidated Total Funded
Debt” shall mean at any date, the aggregate amount of all Funded Debt of Borrowers and their Subsidiaries at such date, determined on a Consolidated basis. 
 “Consolidated Total Leverage Ratio” shall mean, as of any date of determination, the ratio of (a) Consolidated Total Funded Debt on such date, to (b) Consolidated EBITDA for the four fiscal
quarters then ending. 
 “Contractual Obligation” shall mean, as to any Person, any provision of any security issued by such Person
or of any material agreement, instrument or other undertaking to which such Person is a party or by which it or any of its property is bound. 
 “Covenant Compliance Report” shall mean the report to be furnished by Borrowers to the Agent pursuant to Section 6.2(a) hereof, in the form attached hereto Exhibit “B” and certified by a Responsible Officer, in
which report Borrowers shall set forth, among other things, (a) detailed calculations and the resultant ratios or financial tests with respect to the financial covenants contained in Sections 6.9 through 6.11 of this Agreement, and (b) the
aggregate amount of Capital Expenditures made by Borrowers for the current fiscal year. 
 “Debt” shall mean as to any Person,
without duplication (a) all Funded Debt of a Person, (b) all Guarantee Obligations of such Person, (c) all obligations of such Person under conditional sale or other title retention agreements relating to property or assets purchased
by such Person, (d) all indebtedness of such Person arising in connection with any Hedging Transactions entered into by such Person and (e) any items which would be classified in accordance with GAAP as liabilities on the balance sheet of
such Person. 
 “Default” shall mean any event which with the giving of notice or the passage of time, or both, would constitute an
Event of Default under this Agreement. 
 “Defaulting Bank” is defined in Section 2.4(c). 
  

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 “Development Agreements” shall mean direct or indirect Investments made in the development,
construction, remodel or expansion of Native American tribal gaming facilities, which Investments may consist of notes receivable or credit extensions made to existing or prospective customers by a Loan Party or Loan Parties, in the case of joint
development agreements. 
 “Distribution” is defined in Section 7.6 hereof. 
 “Dollars” and the sign “$” shall mean lawful money of the United States of America. 
 “Domestic Advance” shall mean any Advance other than a Eurocurrency-based Advance. 
 “Effective Date” shall mean the date on which all the conditions precedent set forth in Sections 4.1 through 4.10 have been satisfied.

 “ERISA” shall mean the Employee Retirement Income Security Act of 1974, as amended, or any successor act or code and the
regulations in effect from time to time thereunder. 
 “Eurocurrency-based Advance” shall mean any Advance which bears interest at
the Eurocurrency-based Rate. 
 “Eurocurrency-based Rate” shall mean a per annum interest rate which is equal to the sum of
(a) the Applicable Margin plus (b) the quotient of: 
 (a) the Eurocurrency Rate for the relevant Advance, divided by 

(b) a percentage equal to 100% minus the maximum rate on such date at which Agent is required to maintain reserves on ‘Eurocurrency
Liabilities’ as defined in and pursuant to Regulation D of the Board of Governors of the Federal Reserve System or, if such regulation or definition is modified, and as long as Agent is required to maintain reserves against a category of
liabilities which includes eurocurrency deposits or includes a category of assets which includes eurocurrency loans, the rate at which such reserves are required to be maintained on such category, 
 such sum to be rounded upward, if necessary, to the nearest whole multiple of 1/100th of 1%. 
 “Eurocurrency-Interest Period” shall mean, for any Eurocurrency-based Advance, an Interest Period of one, two, or three months (or any lesser
or greater number of days agreed to in advance by Borrower, Agent and the Banks) as selected by Borrowers, for such Eurocurrency-based Advance pursuant to the terms of this Agreement. 
 “Eurocurrency Lending Office” shall mean, (a) with respect to the Agent, Agent’s office located at its Grand Caymans Branch or such
other branch of Agent, domestic or foreign, as it may hereafter designate as its Eurocurrency Lending Office by written notice to Borrowers and the Banks and (b) as to each of the Banks, its office, branch or affiliate located at its address
set forth on the signature pages hereof (or identified thereon as its Eurocurrency Lending Office), or 

  

 - 6 - 

 
at such other office, branch or affiliate of such Bank as it may hereafter designate as its Eurocurrency Lending Office by written notice to and Agent.

 “Eurocurrency Rate” shall mean, with respect to any Eurocurrency-based Advance, the per annum rate of interest determined by
Agent to equal to the average (rounded upward, if necessary, to the nearest one-sixteenth of one percent (1/16%)) of the rate at which is offered dollar deposits at or about 11:00 a.m. (Detroit, Michigan time) (or soon thereafter as practical),
two (2) Business Days prior to the first day of such Eurocurrency-Interest Period in the interbank eurodollar market in an amount comparable to the principal amount of the respective Eurocurrency-based Advance and for a period equal to the
relevant Interest Period. 
 “Event of Default” shall mean each of the Events of Default specified in Section 8.1 hereof.

 “Facing Fee” shall mean, with respect to issued and outstanding Letters of Credit, the fee payable to the Issuing Bank in
advance on the date of issuance of each Letter of Credit, and shall be calculated by multiplying the Facing Fee, as determined in the Agency Fee Letter, by the face amount of issued and outstanding Letters of Credit. 
 “Federal Funds Effective Rate” shall mean, for any day, a fluctuating interest rate per annum equal to the weighted average of the rates on
overnight Federal funds transactions with members of the Federal Reserve System arranged by Federal funds brokers, as published for such day (or, if such day is not a Business Day, for the next preceding Business Day) by the Federal Reserve Bank of
New York, or, if such rate is not so published for any day which is a Business Day, the average of the quotations for such day on such transactions received by Agent from three Federal funds brokers of recognized standing selected by it, all as
conclusively determined by the Agent, such sum to be rounded upward, if necessary, to the nearest whole multiple of 1/100th of 1%. 
 “Fees” shall mean the Revolving Credit Facility Fee, the Letter of Credit Fees and the other fees and charges payable by Borrowers to the Banks or Agent hereunder. 
 “Funded Debt” of any Person shall mean, without duplication, (a) all indebtedness of such Person for borrowed money or for the deferred
purchase price of property or services as of such date (other than operating leases and trade liabilities incurred in the ordinary course of business and payable in accordance with customary practices) or which is evidenced by a note, bond,
debenture or similar instrument, (b) the principal component of all obligations of such person under Capitalized Leases, (c) all reimbursement obligations (actual, contingent or otherwise) of such Person in respect of letters of credit,
acceptances or similar obligations issued or created for the account of such Person, (d) all liabilities secured by any liens on any property owned by such Person as of such date even though such Person has not assumed or otherwise become
liable for the payment thereof, in each case determined in accordance with GAAP; provided however that so long as such Person is not personally liable for such liabilities, the amount of such liability shall be deemed to be the lesser of the fair
market value at such date of the property subject to the lien securing such liability and the amount of the liability secured, and (e) all Guarantee Obligations in respect of any liability which constitutes Funded Debt provided, however that
Funded Debt shall not include any interest rate swap transaction, basis swap 

  

 - 7 - 

 
transaction, forward rate transaction, commodity swap transaction, equity transaction, equity index transaction, foreign exchange transaction, cap
transaction, floor transaction (including any option with respect to any of these transactions and any combination of any of the foregoing) entered into by such Person prior to the occurrence of a termination event with respect thereto. 

“GAAP” shall mean generally accepted accounting principles in the United States of America, consistently applied. 
 “Governmental Obligations” means noncallable direct general obligations of the United States of America or obligations the payment of principal
of and interest on which is unconditionally guaranteed by the United States of America. 
 “Guarantee Obligation” shall mean as to
any Person (the “guaranteeing person”) any obligation of the guaranteeing person in respect of any obligation of another Person (including, without limitation, any bank under any letter of credit), the creation of which was induced by a
reimbursement agreement, guaranty agreement, keepwell agreement, purchase agreement, counterindemnity or similar obligation issued by the guaranteeing person, in either case guaranteeing or in effect guaranteeing any Debt, leases, dividends or other
obligations (the “primary obligations”) of any other third Person (the “primary obligor”) in any manner, whether directly or indirectly, including, without limitation, any obligation of the guaranteeing person, whether or not
contingent, (i) to purchase any such primary obligation or any property constituting direct or indirect security therefor, (ii) to advance or supply funds (1) for the purchase or payment of any such primary obligation or (2) to
maintain working capital or equity capital of the primary obligor or otherwise to maintain the net worth or solvency of the primary obligor, (iii) to purchase property, securities or services primarily for the purpose of assuring the owner of
any such primary obligation of the ability of the primary obligor to make payment of such primary obligation or (iv) otherwise to assure or hold harmless the owner of any such primary obligation against loss in respect thereof; provided,
however, that the term Guarantee Obligation shall not include endorsements of instruments for deposit or collection in the ordinary course of business. 
 “Guarantors” shall mean MGI, ISS, Services, Systems International, MegaBingo International, and each Subsidiary of MGI and/or any Borrower which is required pursuant to this Agreement to guarantee the
obligations of Borrowers hereunder and under the other Loan Documents, and “Guarantor” shall mean any one of them. 
 “Guaranty” shall mean a guaranty of all outstanding Indebtedness of Borrowers, to be executed and delivered by the Guarantors (whether by execution thereof, or by execution of the joinder agreement attached as
“Exhibit A” to the form of such Guaranty), to the Agent, on behalf of the Banks, in the form attached hereto as Exhibit “C”, as amended from time to time. 
 “Hazardous Material” shall mean any hazardous or toxic waste, substance or material defined or regulated as such in or for purposes of the
Hazardous Material Laws. 
 “Hazardous Material Law(s)” shall mean all laws, codes, ordinances, rules, regulations, orders, decrees
and final, written directives issued by any federal, state, local or other governmental or quasi-governmental authority or body (or any agency, instrumentality or 

  

 - 8 - 

 
political subdivision thereof) pertaining to any substance or material which is regulated for reasons of health, safety or the environment and which is
present or alleged to be present on or about or used in any facilities owned, leased or operated by Borrowers or any of its Subsidiaries, or any portion thereof including, without limitation, those relating to soil, surface, subsurface ground water
conditions and the condition of the indoor and outdoor ambient air; any so-called “superfund” or “superlien” law; and any other federal, state or local statute, law, ordinance, code, rule, regulation, order or decree regulating,
relating to, or imposing liability or standards of conduct concerning, any Hazardous Material, as now or at any time during the term of the Agreement in effect or regulating, relating to or addressing the environment or protection of workers.

 “Hedging Transaction” means each interest rate swap transaction, basis swap transaction, forward rate transaction, commodity
swap transaction, equity transaction, equity index transaction, foreign exchange transaction, cap transaction, floor transaction (including any option with respect to any of these transactions and any combination of any of the foregoing) entered
into by any Borrower with any Bank or Banks from time to time; provided that such transaction is entered into for risk management purposes and not for speculative purposes. 
 “Hereof”, “hereto”, “hereunder” and similar terms shall refer to this Agreement and not to any particular paragraph or
provision of this Agreement. 
 “Holdout Bank” is defined in Section 12.11 hereof. 
 “IGRA” shall mean the Indian Gaming Regulatory Act of 1988 and the rules promulgated thereunder. 
 “Income Taxes” shall mean for any period the aggregate amount of taxes based on income or profits for such period of the operations of
Borrowers and their Subsidiaries determined in accordance with GAAP on a Consolidated basis (to the extent such income and profits were included in computing Consolidated Net Income). 
 “Indebtedness” shall mean all indebtedness and liabilities (including without limitation interest (including without limitation interest
accruing at the then applicable rate provided in this Agreement or any other applicable Loan Document after the Revolving Credit Maturity Date and interest accruing at the then applicable rate provided in this Agreement or any other applicable Loan
Document after the filing of any petition in bankruptcy, or the commencement of any insolvency, reorganization or like proceeding, relating to any Borrower or any Subsidiary whether or not a claim for post-filing or post-petition interest is allowed
in such proceeding), fees and other charges) arising under this Agreement or any of the other Loan Documents, any of Borrower’s or any Subsidiaries’ depository accounts with the Agent, and any judgments that may hereafter be rendered on
such indebtedness or any part thereof, with interest according to the rates and terms specified, or as provided by law, and any and all consolidations, amendments, renewals, replacements, substitutions or extensions of any of the foregoing;
provided, however that for purposes of calculating the Indebtedness outstanding under this Agreement or any of the other Loan Documents, the direct and indirect and absolute and contingent obligations of Borrowers and the Subsidiaries (whether
direct or contingent) shall be determined without duplication. 
  

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 “Intellectual Property Collateral” shall have the meaning set forth in the Security Agreement.

 “Intercompany Loan” shall mean any loan (or repayable advances, whether or not interest bearing, in the nature of a loan) by any
Loan Party to another Loan Party, provided that each such loan or advance is subordinated in right of payment and priority to the Indebtedness on terms and conditions satisfactory to Agent and the Majority Banks. 
 “Interest Period” shall mean (a) with respect to a Eurocurrency-based Advance, a Eurocurrency-Interest Period, commencing on the day a
Eurocurrency-based Advance is made, or on the effective date of an election of the Eurocurrency-based Rate made under Section 2.3 hereof, and (b) with respect to a Swing Line Advance carried at the Quoted Rate, an Interest Period of one
month (or any lesser number of days agreed to in advance by Borrowers and the Swing Line Bank); provided, however, that (i) any Interest Period which would otherwise end on a day which is not a Business Day shall end on the next succeeding
Business Day, except that as to an Interest Period in respect of a Eurocurrency-based Advance, if the next succeeding Business Day falls in another calendar month, such Interest Period shall end on the next preceding Business Day, (ii) when an
Interest Period in respect of a Eurocurrency-based Advance begins on a day which has no numerically corresponding day in the calendar month during which such Interest Period is to end, it shall end on the last Business Day of such calendar month,
and (iii) no Interest Period in respect of any Advance shall extend beyond the Revolving Credit Maturity Date. 
 “Internal Revenue
Code” shall mean the Internal Revenue Code of 1986, as amended from time to time, and the regulations promulgated thereunder. 
 “Investment” shall mean, when used with respect to any Person, (a) any loan, investment or advance made by such Person to any other Person (including, without limitation, any contingent obligation) in respect of any Capital
Stock, Debt, obligation or liability of such other Person and (b) any other investment made by such Person (however acquired) in Capital Stock in any other Person, including, without limitation, any investment made in exchange for the issuance
of Capital Stock of such Person. 
 “ISS” shall mean Innovative Sweepstakes Systems, Inc., a Delaware corporation. 
 “Issuing Bank” shall mean Comerica Bank in its capacity as issuer of one or more Letters of Credit hereunder, or its successor designated by
Borrowers and the Banks. 
 “Issuing Office” shall mean such office as Issuing Bank shall designate as its Issuing Office.

 “Landlord Waiver Agreement” shall mean, with respect to each leased location of any Loan Party, a landlord waiver and consent
agreement executed and delivered to Agent by the lessor of such premises and in form and content satisfactory to Agent. 
 “Letter of
Credit Agreement” shall mean, in respect of each Letter of Credit, the application and related documentation satisfactory to the Issuing Bank of an Account Party or Account Parties requesting Issuing Bank to issue such Letter of Credit, as
amended from time to time. 
  

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 “Letter of Credit Documents” is defined in Section 3.7. 
 “Letter of Credit Fees” shall mean the fees payable to Agent for the accounts of the Banks in connection with Letters of Credit pursuant to
Section 3.4(a) and (b) hereof. 
 “Letter of Credit Maximum Amount” shall mean Ten Million Dollars ($10,000,000).

 “Letter of Credit Obligations” shall mean at any date of determination, the sum of (a) the aggregate undrawn amount of all
Letters of Credit then outstanding, (b) the aggregate face amount of all Letters of Credit requested but not yet issued as of such date and (c) the aggregate amount of Reimbursement Obligations which have not been reimbursed by Borrowers
as of such date. 
 “Letter of Credit Payment” shall mean any amount paid or required to be paid by the Issuing Bank in its
capacity hereunder as issuer of a Letter of Credit as a result of a draft or other demand for payment under any Letter of Credit. 
 “Letter(s) of Credit” shall mean any standby and commercial letters of credit issued by Issuing Bank at the request of or for the account of an Account Party or Account Parties pursuant to Article 3 hereof. 
 “Lien” shall mean the security interest or lien arising from any pledge, assignment, hypothecation, mortgage, security interest, deposit
arrangement, option, trust receipt, conditional sale or title retaining contract, sale and leaseback transaction, financing statement or comparable notice or other filing or recording, Capitalized Lease, consignment or bailment for security,
subordination of any claim or right, or any other type of lien, charge, encumbrance, title exception, preferential or priority arrangement affecting property (including with respect to stock, any stockholder agreements, voting rights agreements,
buy-back agreements and all similar arrangements), whether based on common law or statute. 
 “Loan Documents” shall mean,
collectively, this Agreement, the Notes (if issued), the Letter of Credit Agreements, the Letters of Credit, the Guaranty, the Landlord Waiver Agreement, the Collateral Documents, agreements evidencing a Hedging Transaction and any other documents,
certificates, instruments or agreements listed on Exhibit “D” hereto, as such documents may be amended or otherwise modified from time to time. 
 “Loan Parties” shall mean Borrowers and each Guarantor, and “Loan Party” shall mean any one of them, as the context indicates or otherwise requires. 
 “Lock Box” is defined in Section 2.16. 
 “Majority Banks” shall mean at any time Banks holding not less than 51% of the sum of the aggregate principal amount of Indebtedness outstanding hereunder; provided, however, in the event there
are fewer than three (3) Banks participating hereunder, “Majority Banks” shall mean all Banks. 
  

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 “Material Adverse Effect” shall mean a material adverse effect on (a) the business,
operations, property or condition (financial or otherwise) of Borrowers and their Subsidiaries, taken as a whole, (b) the ability of the Loan Parties to perform their respective obligations under this Agreement, the Notes (if issued) or any
other Loan Document to which any of them is a party, or (c) the validity or enforceability of this Agreement, any of the Notes (if issued) or any of the other Loan Documents or the rights or remedies of the Agent or the Banks hereunder or
thereunder. 
 “MegaBingo International” shall mean MegaBingo International, LLC, a Delaware limited liability company. 

“MGI” shall mean MultiMedia Games, Inc., a Texas corporation. 
 “Monthly Reporting Period” shall mean the fiscal quarter immediately following a fiscal quarter during which the Borrowers’ Consolidated EBITDA is less than $15,000,000, as determined from the financial
statements most recently delivered to Bank pursuant to Section 6.1(b) hereof. 
 “Multiemployer Plan” shall mean a Pension
Plan which is a multiemployer plan as defined in Section 4001(a)(3) of ERISA. 
 “Net Cash Proceeds” shall mean the aggregate
cash payments received by any Borrower and/or any Subsidiary, as the case may be, from any Asset Sale or the issuance of Capital Stock, or the issuance of any Debt, as the case may be, net of the ordinary and customary direct expenses of such sale
or issuance, as the case may be, such as commissions, taxes, fees and other third party charges. 
 “NIGC” shall mean the National
Indian Gaming Commission, established pursuant to the IGRA. 
 “Non-Defaulting Bank” is defined in Section 2.4(c). 

“Non-Financed Capital Expenditures” shall mean Capital Expenditures which were not financed with the proceeds of the Revolving Commitment or
other Indebtedness permitted hereunder. 
 “Notes” shall mean the Revolving Credit Notes and the Swing Line Note. 
 “Pension Plan” shall mean any plan established and maintained by a Borrower or any Subsidiary which is qualified under Section 401(a) of
the Internal Revenue Code and subject to the minimum funding standards of Section 412 of the Internal Revenue Code. 
 “Permitted
Acquisition” means an acquisition (whether achieved by purchase, merger, consolidation or otherwise) by any Borrower or any Subsidiary of all or substantially all of the 

  

 - 12 - 

 
assets of another Person, or of a division or line of business of another Person, or of shares of stock or other ownership interests of another Person (an
“Acquisition”) constituting a business substantially comparable to Borrower’s business, in compliance with each of the following: 
 (a) At least thirty (30) days prior to the date of the Acquisition, such Borrower or such Subsidiary shall have delivered to Agent and the Banks (i) a Covenant Compliance Certificate prepared on a proforma basis giving effect to
such acquisition and demonstrating proforma compliance with the covenants set forth in Sections 6.9 through 6.11 hereof upon the consummation of such acquisition, and (ii) such due diligence information as Agent or the Majority Banks may
reasonably require with respect to the proposed Acquisition, in form and content satisfactory to Agent and the Majority Banks; 
 (b) Both
immediately before and after the Acquisition, no Event of Default shall have occurred and be continuing; and 
 (c) such Acquisition is
consummated during an Unrestricted Fiscal Quarter. 
 “Permitted Investments” shall mean with respect to any Person: 
 (a) Governmental Obligations; 
 (b)
Obligations of a state of the United States, the District of Columbia or any possession of the United States, or any political subdivision thereof, which are described in Section 103(a) of the Internal Revenue Code and are graded in any of the
highest three (3) major grades as determined by at least one Rating Agency; or secured, as to payments of principal and interest, by a letter of credit provided by a financial institution or insurance provided by a bond insurance company which
in each case is itself or its debt is rated in one of the highest three (3) major grades as determined by at least one Rating Agency; 
 (c) Banker’s acceptances, commercial accounts, demand deposit accounts, certificates of deposit, or depository receipts issued by or maintained with any Bank or a bank, trust company, savings and loan association, savings bank or other
financial institution whose deposits are insured by the Federal Deposit Insurance Corporation and whose reported capital and surplus equal at least $250,000,000, provided that such minimum capital and surplus requirement shall not apply to demand
deposit accounts maintained by Borrowers or any of their Subsidiaries in the ordinary course of business; 
 (d) Commercial paper rated at
the time of purchase within the two highest classifications established by not less than two Rating Agencies, and which matures within 270 days after the date of issue; 
 (e) Secured repurchase agreements against obligations itemized in paragraph (a) above, and executed by a bank or trust company or by members of the association of primary dealers or other recognized dealers in
United States government securities, the market value of which must be maintained at levels at least equal to the amounts advanced; 
  

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 (f) Any fund or other pooling arrangement which exclusively purchases and holds the investments itemized
in (a) through (e) above; and 
 (g) Existing investments in Subsidiaries. 
 “Permitted Liens” shall mean with respect to any Person: 
 (a) Liens for taxes not yet delinquent or which are being contested in good faith by appropriate proceedings, provided that adequate reserves with respect thereto are maintained on the books of such Person in
conformity with GAAP; 
 (b) carriers’, warehousemen’s, mechanics’, materialmen’s, repairmen’s, landlord’s
liens or other like Liens arising in the ordinary course of business which are not overdue for a period of more than 30 days and which are being contested in good faith by appropriate proceedings and for which appropriate reserves have been made
therefor and the aggregate amount of such Liens is less than $250,000; 
 (c) pledges or deposits in connection with workers’
compensation, unemployment insurance and other social security legislation and deposits securing liability to insurance carriers under insurance or self-insurance arrangements in aggregate amount not to exceed $250,000; 
 (d) deposits to secure the performance of tenders or bids, trade contracts (other than for borrowed money), statutory obligations, surety, customs, stay
and appeal bonds, performance and return of money bonds, government contracts and other obligations of a like nature; and 
 (e) easements,
rights-of-way, restrictions, minor defects or irregularities in title and other similar encumbrances or Liens incurred in the ordinary course of business which, in the aggregate, are not substantial in amount and which do not in any case materially
detract from the value of the property subject thereto or materially interfere with the ordinary conduct of the business of such Person. 
 “Person” shall mean a natural person, corporation, limited liability company, partnership, limited liability partnership, trust, incorporated or unincorporated organization, joint venture, joint stock company, or a government or
any agency or political subdivision thereof or other entity of any kind. 
 “Potential Financial Institution” is defined in
Section 2.4(c). 
 “Prime-based Advance” shall mean an Advance which bears interest at the Prime-based Rate. 
 “Prime-based Rate” shall mean, for any day, that rate of interest which is equal to the sum of the Applicable Margin plus the Alternate Base
Rate. 
 “Prime Rate” shall mean the per annum rate of interest announced by the Agent, at its main office from time to time as its
“prime rate” (it being acknowledged that such announced 

  

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rate may not necessarily be the lowest rate charged by the Agent to any of its customers), which Prime Rate shall change simultaneously with any change in
such announced rate. 
 “Quoted Rate” shall mean the rate of interest per annum offered by the Swing Line Bank in its sole
discretion with respect to a Swing Line Advance. 
 “Quoted Rate Advance” means any Swing Line Advance which bears interest at a
Quoted Rate. 
 “Rating Agency” shall mean Moody’s Investor Services, Inc., Standard and Poor’s Ratings Services, their
respective successors or any other nationally recognized statistical rating organization which is acceptable to the Agent. 
 “Register” is defined in Section 12.8(f) hereof. 
 “Reimbursement Obligation(s)” shall mean the aggregate
amount of all unreimbursed drawings under all Letter of Credit Agreements (excluding for the avoidance of doubt, amounts deemed to have been advanced under Section 3.6(a)) together with all other sums, fees, charges and amounts which may be
owing to the Issuing Bank under such Letter of Credit Agreement or this Agreement relating to Letters of Credit. 
 “Replacement
Bank” is defined in Section 12.11 hereof. 
 “Request for Advance” shall mean a Request for Revolving Credit Advance or a
Request for Swing Line Advance, as the context may indicate, or otherwise require. 
 “Request for Revolving Credit Advance” shall
mean a request for a Revolving Credit Advance issued by Borrowers under Section 2.3 of this Agreement in the form attached hereto as Exhibit “E”, as amended or otherwise modified in accordance with the terms hereof. 

“Request for Swing Line Advance” shall mean a request for a Swing Line Advance issued by Borrowers under Section 2.5(b) of this
Agreement in the form attached hereto as Exhibit “F”, as amended or otherwise modified in accordance with the terms of this Agreement. 
 “Requirement of Law” shall mean as to any Person, the certificate or articles of incorporation and bylaws, the partnership agreement or other organizational or governing documents of such Person and any law,
treaty, rule or regulation or determination of an arbitration or a court or other governmental authority, in each case applicable to or binding upon such Person or any of its property or to which such Person or any of its property is subject.

 “Responsible Officer” shall mean the chief executive officer, chief financial officer, treasurer or the president of a Borrower,
or with respect to compliance with financial covenants, the chief financial officer or the treasurer of a Borrower or any other officer or authorized individual having substantially the same authority and responsibility. 
 “Revolving Credit” shall mean the revolving credit loans to be advanced to Borrowers by the applicable Banks pursuant to Article 2 hereof, in
an aggregate amount (subject to the terms hereof), not to exceed, at any one time outstanding, the Revolving Credit Aggregate Commitment. 
  

 - 15 - 

 “Revolving Credit Advance” shall mean a borrowing requested by Borrowers and made by the Banks
under Section 2.1 of this Agreement, including without limitation any readvance, refunding or conversion of such borrowing pursuant to Section 2.3 hereof and any advance in respect of a Letter of Credit under Section 3.6(a) hereof,
and shall include, as applicable, a Eurocurrency-based Advance and/or a Prime-based Advance. 
 “Revolving Commitment” shall mean
One Hundred Fifty Million Dollars ($150,000,000), subject to reduction or termination under Section 2.13 or 8.2 hereof. 
 “Revolving Credit Facility Fee” shall mean the fees payable to Agent for distribution to the Banks pursuant to Section 2.12 hereof. 
 “Revolving Credit Maturity Date” shall mean the earlier to occur of (i) April 27, 2012 or such later date to which it may be extended (at the request of Borrowers and with the consent of all of the
Banks) pursuant to Section 2.16 hereof, and (ii) the date on which the Revolving Commitment shall terminate in accordance with the provisions of this Agreement. 
 “Revolving Credit Notes” shall mean the revolving credit notes described in Section 2.2 hereof, made by Borrowers to each of the Banks in the form attached to this agreement as
Exhibit “G”, as such notes may be amended or supplemented from time to time, and any other notes issued in substitution, replacement or renewal thereof from time to time. 
 “Revolving Credit Percentage” shall mean with respect to each Bank, its percentage share, as set forth on Schedule 1.2 under column 1, of the
Revolving Credit and its risk participation in Letters of Credit and in any outstanding Swing Line Advances, as such Schedule may be revised from time to time by Agent in accordance with Section 12.8. 
 “Security Agreement” shall mean the Security Agreement substantially in the form of the Security Agreement attached hereto as
Exhibit “H” executed and delivered as of the date hereof, or to be executed and delivered after the Effective Date, by the Loan Parties in favor of the Agent, as amended or otherwise modified from time to time. 
 “Services” shall mean MGAM Services, L,L.C. a Delaware limited liability company. 
 “Subordinated Debt” shall mean the indebtedness or obligations of any Borrower the payment of which is subordinated, on terms satisfactory to
Agent and the Bank to the prior payment to Agent and the Banks of all of the indebtedness and obligations of Borrowers to Agent and the Banks, pursuant to Subordination Agreement(s). 
 “Subordination Agreement(s)” shall mean subordination agreements in form and content satisfactory to Agent and the Banks pursuant to which
repayment of Subordinated Debt is subordinated and postponed to the prior payment of Borrowers’ indebtedness and obligations to Agent and the Banks, on terms satisfactory to Agent. 
  

 - 16 - 

 “Subsidiary(ies)” shall mean any other corporation, association, joint stock company, business
trust, limited liability company or any other business entity of which more than fifty percent (50%) of the outstanding voting stock, share capital, membership or other interests, as the case may be, is owned either directly or indirectly by
any Person or one or more of its Subsidiaries, or the management of which is otherwise controlled, directly, or indirectly through one or more intermediaries, or both, by any Person and/or its Subsidiaries. 
 “Swing Line” shall mean the revolving credit loans to be advanced to Borrowers by the Swing Line Bank pursuant to Section 2.5 hereof, in
an aggregate amount (subject to the terms hereof), not to exceed, at any one time outstanding, the Swing Line Maximum Amount. 
 “Swing
Line Advance” shall mean a borrowing made by Swing Line Bank to Borrowers pursuant to Section 2.5 hereof. 
 “Swing Line
Bank” shall mean Comerica Bank in its capacity as lender under Section 2.5 of this Agreement or its successor as lender of the Swing Line. 
 “Swing Line Maximum Amount” shall mean Seven Million Five Hundred Thousand Dollars $7,500,000. 
 “Swing Line Note” shall mean the swing line note issued by Borrowers at the request of Swing Line Bank pursuant to Section 2.5(a) hereof in the form attached hereto as Exhibit “I”, as the case may be, as such
Note may be amended or supplemented from time to time, and any notes issued in substitution, replacement or renewal thereof from time to time. 
 “Systems International” shall mean MGAM Systems International, Inc. a Delaware corporation. 
 “Uniform Commercial
Code” or “UCC” shall mean the Uniform Commercial Code of any applicable state, and, unless specified otherwise the Uniform Commercial Code as in effect in the State of Michigan. 
 “Unrestricted Fiscal Quarter” shall mean a fiscal quarter of MGI at to which in each of the two immediately preceding fiscal quarters,
MGI’s Consolidated Total EBITDA was at least $15,000,000. 
  

	2.	REVOLVING CREDIT 

 2.1 Commitment. Subject to the
terms and conditions of this Agreement (including without limitation Section 2.3 hereof), each Bank severally and for itself alone agrees to make Advances of the Revolving Credit in Dollars to Borrowers from time to time on any Business Day
during the period from the Effective Date hereof until (but excluding) the Revolving Credit Maturity Date in an aggregate amount, not to exceed at any one time outstanding such Bank’s Revolving Credit Percentage of the Revolving Commitment.
Subject to the terms and conditions set forth herein, advances, repayments and readvances may be made under the Revolving Credit. The obligations of the Borrowers with respect to Advances of Revolving Credit, and for all of the other Indebtedness,
shall be joint and several and may be enforced against each of them severally and/or jointly. 
  

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 2.2 Accrual of Interest and Maturity; Evidence of Indebtedness. 
 (a) Borrowers hereby unconditionally promises to pay to the Agent for the account of each Bank the then unpaid principal amount of each
Revolving Credit Advance (plus all accrued and unpaid interest) of such Bank to Borrowers on the Revolving Credit Maturity Date and on such other dates and in such other amounts as may be required from time to time pursuant to this Agreement.
Subject to the terms and conditions hereof, each Revolving Credit Advance shall, from time to time from and after the date of such Advance (until paid), bear interest at its Applicable Interest Rate. 
 (b) Each Bank shall maintain in accordance with its usual practice an account or accounts evidencing indebtedness of Borrowers to the
appropriate lending office of such Bank resulting from each Revolving Credit Advance made by such lending office of such Bank from time to time, including the amounts of principal and interest payable thereon and paid to such Bank from time to time
under this Agreement. 
 (c) The Agent shall maintain the Register pursuant to Section 12.8(f), and a subaccount therein
for each Bank, in which Register and subaccounts (taken together) shall be recorded (i) the amount of each Revolving Credit Advance made hereunder, the type thereof and each Interest Period applicable to any Eurocurrency-based Advance,
(ii) the amount of any principal or interest due and payable or to become due and payable from Borrowers to each Bank hereunder in respect of the Revolving Credit Advances and (iii) both the amount of any sum received by the Agent
hereunder from Borrowers in respect of the Revolving Credit Advances and each Bank’s share thereof. 
 (d) The entries
made in the Register and the accounts of each Bank maintained pursuant to paragraphs (b) and (c) of this Section 2.2 shall, absent manifest error, to the extent permitted by applicable law, be prima facie evidence of the existence and
amounts of the obligations of Borrowers therein recorded; provided, however, that the failure of any Bank or the Agent to maintain the Register or any such account, as applicable, or any error therein, shall not in any manner affect
the obligation of Borrowers to repay the Revolving Credit Advances (and all other amounts owing with respect thereto) made to Borrowers by the Banks in accordance with the terms of this Agreement. 
 (e) Borrowers agree that, upon written request to the Agent (with a copy to Borrowers) by any Bank, Borrowers will execute and deliver, to
such Bank, at Borrowers’ own expense, a Revolving Credit Note evidencing the outstanding Revolving Credit Advances owing to such Bank. 
  

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 2.3 Requests for and Refundings and Conversions of Advances. Borrowers may request an Advance of
the Revolving Credit, refund any such Advance in the same type of Advance or convert any such Advance to any other type of Advance of the Revolving Credit only after delivery to Agent of a Request for Revolving Credit Advance executed by a person
previously authorized (in a writing delivered to the Agent) by Borrowers to execute such Request, subject to the following: 
 (a) each such Request for Revolving Credit Advance shall set forth the information required on the Request for Revolving Credit Advance form, including without limitation: 
 (i) the proposed date of such Advance, which must be a Business Day; 
 (ii) whether such Advance is a refunding or conversion of an outstanding Advance; and 
 (iii) whether such Advance is to be a Prime-based Advance or a Eurocurrency-based Advance, and, except in the case of a Prime-based
Advance, the first Interest Period applicable thereto. 
 (b) each such Request for Revolving Credit Advance shall be
delivered to Agent by 1:00 p.m. (Eastern Standard time) three (3) Business Days prior to the proposed date of Advance, except in the case of a Prime-based Advance, for which the Request for Advance must be delivered by 1:00 p.m. (Eastern
Standard time) on such proposed date for Advances; 
 (c) on the proposed date of such Advance, after giving effect to all
Advances and Letters of Credit requested by Borrowers on such date (including, without duplication, the deemed Advances funded by Agent under Section 3.6(a) hereof in respect of Borrowers’ or an applicable Account Party’s
reimbursement obligation hereunder), the sum of (x) the aggregate principal amount of all Advances of the Revolving Credit and of the Swing Line requested or outstanding on such date plus (y) the Letter of Credit Obligations as of such
date, shall not exceed the Revolving Commitment; 
 (d) in the case of a Prime-based Advance, the principal amount of the
initial funding of such Advance, as opposed to any refunding or conversion thereof, shall be at least $1,500,000; 
 (e) in
the case of a Eurocurrency-based Advance, the principal amount of such Advance, plus the amount of any other outstanding Advance of the Revolving Credit to be then combined therewith having the same Applicable Interest Rate and Interest Period, if
any, shall be at least $2,500,000 (or a larger integral multiple of $100,000) and at any one time there shall not be in effect more than three (3) Eurocurrency-based Rates and Eurocurrency-Interest Periods; 
 (f) a Request for Revolving Credit Advance once delivered to Agent, shall not be revocable by Borrowers; 
  

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 (g) each Request for Revolving Credit Advance shall constitute a certification by
Borrowers, as of the date thereof that: 
 (i) both before and after such Advance, the obligations of the Loan Parties set
forth in this Agreement and the other Loan Documents to which such Persons are parties are valid, binding and enforceable obligations of such Loan Parties; 
 (ii) all conditions to Advances of the Revolving Credit have been satisfied, and shall remain satisfied to the date of such Advance (both before and after giving effect to such Advance); 
 (iii) there is no Default or Event of Default in existence, and none will exist upon the making of such Advance (both before and after
giving effect to such Advance); 
 (iv) the representations and warranties contained in this Agreement and the other Loan
Documents are true and correct in all material respects and shall be true and correct in all material respects as of the making of such Advance (both before and after giving effect to such Advance), other than any representation or warranty that
expressly speaks only as of a different date; and 
 (v) the execution of such Request for Advance will not violate the
material terms and conditions of any material contract, agreement or other borrowing of Borrowers. 
 Agent, acting on behalf of the Banks,
may also, at its option, lend under this Section 2.3 upon the telephone request of a person previously authorized (in a writing delivered to the Agent) by Borrowers to make such requests and, in the event Agent, acting on behalf of the Banks,
makes any such Advance upon a telephone request, the requesting officer shall fax to Agent, on the same day as such telephone request, a Request for Advance. Borrowers hereby authorize Agent to disburse Advances under this Section 2.3 pursuant
to the telephone instructions of any person purporting to be a person identified by name on a written list of persons authorized by Borrowers and delivered to Agent prior to the date of such request to make Requests for Advance on behalf of
Borrowers. Notwithstanding the foregoing, Borrowers acknowledge that each Borrower shall bear all risk of loss resulting from disbursements made upon any telephone request. Each telephone request for an Advance shall constitute a certification of
the matters set forth in the Request for Revolving Credit Advance form as of the date of such requested Advance. 
 2.4 Disbursement of
Advances. 
 (a) Upon receiving any Request for Revolving Credit Advance from Borrowers under Section 2.3 hereof,
Agent shall promptly notify each Bank by wire, telex or telephone (confirmed by wire, telecopy or telex) of the amount of such Advance to be made and the date such Advance is to be made by said Bank pursuant to its Percentage of such Advance. Unless
such Bank’s commitment to make Revolving Credit Advances hereunder shall have been suspended or terminated in accordance with this Agreement, each such Bank shall make available the amount of its Percentage of each Advance in immediately
available funds to Agent, as follows: 
 (i) for Domestic Advances, at the office of Agent located at One Detroit Center,
Detroit, Michigan 48226, not later than 3:00 p.m. (Eastern Standard time) on the date of such Advance; and 
  

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 (ii) for Eurocurrency-based Advances, at the Agent’s Correspondent for the account
of the Eurocurrency Lending Office of the Agent, not later than 12 noon (the time of the Agent’s Correspondent) on the date of such Advance. 
 (b) Subject to submission of an executed Request for Revolving Credit Advance by Borrowers without exceptions noted in the compliance certification therein, Agent shall make available to Borrowers the aggregate of the
amounts so received by it from the Banks in like funds and currencies: 
 (i) for Domestic Advances, not later than 4:00 p.m.
(Eastern Standard time) on the date of such Advance by credit to an account of Borrowers maintained with Agent or to such other account or third party as Borrowers may reasonably direct; and 
 (ii) for Eurocurrency-based Advances, not later than 4:00 p.m. (the time of the Agent’s Correspondent) on the date of such Advance,
by credit to an account of Borrowers maintained with Agent’s Correspondent or to such other account or third party as Borrowers may reasonably direct. 
 (c) Agent shall deliver the documents and papers received by it for the account of each Bank to such Bank or upon its order. Unless Agent shall have been notified by any Bank prior to the date of any proposed
Revolving Credit Advance that such Bank does not intend to make available to Agent such Bank’s Percentage of such Advance, Agent may assume that such Bank has made such amount available to Agent on such date, as aforesaid and may, in reliance
upon such assumption, make available to Borrowers a corresponding amount. If such amount is not in fact made available to Agent by such Bank, as aforesaid, Agent shall be entitled to recover such amount on demand from such Bank. If such Bank does
not pay such amount forthwith upon Agent’s demand therefor and the Agent has in fact made a corresponding amount available to Borrowers, the Agent shall promptly notify Borrowers and Borrowers shall pay such amount to Agent, if such notice is
delivered to Borrowers prior to 1:00 p.m. (Eastern Standard time) on a Business Day, on the day such notice is received, and otherwise on the next Business Day. Agent shall also be entitled to recover from such Bank or Borrowers, as the case may be,
but without duplication, interest on such amount in respect of each day from the date such amount was made available by Agent to Borrowers, to the date such amount is recovered by Agent, at a rate per annum equal to: 
 (i) in the case of such Bank, for the first two (2) Business Days such amount remains unpaid, with respect to Domestic Advances, the
Federal Funds Effective Rate, and with respect to Eurocurrency-based Advances, Agent’s aggregate marginal cost (including the cost of maintaining any required reserves or deposit insurance and of any fees, penalties, overdraft charges or other
costs or expenses incurred by Agent as a result of such failure to deliver funds hereunder) of carrying such amount and thereafter, at the rate of interest then applicable to such Revolving Credit Advances; and 
  

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 (ii) in the case of Borrowers, the rate of interest then applicable to such Advance of
the Revolving Credit. 
 The obligation of any Bank to make any Advance of the Revolving Credit hereunder shall not be affected by the
failure of any other Bank to make any Advance hereunder, and no Bank shall have any liability to Borrowers or any of its Subsidiaries, the Agent, any other Bank, or any other party for another Bank’s failure to make any loan or Advance
hereunder. In the event any Bank shall fail to advance any amounts required to be advanced in accordance with the terms of this Article 2 (a “Defaulting Bank”), the Agent shall promptly provide written notice thereof to Borrowers and to
each other Bank (each such other Bank being referred to in this Section as a “Non-Defaulting Bank”). Each Non-Defaulting Bank shall have ten (10) Business Days from receipt of said notice to exercise its option to agree to enter into
an agreement pursuant to which the Non-Defaulting Bank shall assume the Defaulting Bank’s rights and obligations under this Agreement, its Notes and the other Loan Documents. The Non-Defaulting Bank shall exercise such option by providing
written notice of same to the Defaulting Bank (and if there is more than one Non-Defaulting Bank, the assignment agreement shall be entered into with the Non-Defaulting Bank who first notifies the Defaulting Bank of its decision to exercise said
option) and to Borrowers. If no Non-Defaulting Bank shall exercise the above-described option within the said ten (10) Business Day period and if Borrowers shall, subject to Section 12.8(c) hereof, within thirty (30) days of
delivering the notice described above, advise such Defaulting Bank of another bank or financial institution to which assignments are permitted pursuant to Section 12.8(c) hereof and which is willing to assume such Defaulting Bank’s rights
and obligations under this Agreement, its Notes and the other Loan Documents (each such bank or financial institution being hereinafter referred to as a “Potential Financial Institution”), such Defaulting Bank shall, subject to
Section 12.8(c), assign its said rights and obligations to the Potential Financial Institution; provided however that any such assignment shall not alter Borrowers’ remedies vis-a-vis the Defaulting Bank. 
 2.5 Swing Line Advances. The Swing Line Bank may, on the terms and subject to the conditions hereinafter set forth (including without limitation
Section 2.5(c) hereof), make one or more advances (each such advance being a “Swing Line Advance”) to Borrowers, from time to time on any Business Day during the period from the date hereof to (but excluding) the Revolving Credit
Maturity Date in an amount not to exceed in the aggregate at any time outstanding the Swing Line Maximum Amount. Swing Line Bank shall maintain in accordance with its usual practice an account or accounts evidencing indebtedness of Borrowers to
Swing Line Bank resulting from each Swing Line Advance of Swing Line Bank from time to time, including the amounts of principal and interest payable thereon and paid to such Bank from time to time. The entries made in such account or accounts of
Swing Line Bank shall, to the extent permitted by applicable law, be conclusive evidence, so long as they reflect a reasonable basis for the calculation of the amounts set forth therein, absent manifest error, of the existence and amounts of the
obligations of Borrowers therein recorded; provided, however, that the failure of Swing Line Bank to maintain such account, as applicable, or any error therein, shall not in any manner affect the obligation of Borrowers to repay the Swing Line
Advances (and all other amounts owing with respect thereto) made to Borrowers by Swing Line Bank in accordance with the terms of this Agreement. Advances, repayments and readvances under the Swing Line may be made, subject to the terms and
conditions of this Agreement. Each Swing Line Advance shall mature and the 

  

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principal amount thereof shall be due and payable by Borrowers on the Revolving Credit Maturity Date. The obligations of the Borrowers with respect to Swing
Line Advances shall be joint and several and may be enforced against each of them severally and/or both of them jointly. 
 Borrowers agree
that, upon the written request of Swing Line Bank, Borrowers will execute and deliver to Swing Line Bank a Swing Line Note; provided, that the delivery of such Swing Line Note shall not be a condition precedent to the Effective Date. 
 (a) Accrual of Interest. Each Swing Line Advance shall, from time to time after the date of such Advance, bear interest at its
Applicable Interest Rate. The amount and date of each Swing Line Advance, its Applicable Interest Rate, its Interest Period, if any, and the amount and date of any repayment shall be noted on Swing Line Bank’s account maintained pursuant to
Section 2.5, which records will be prima facie evidence thereof, so long as they reflect a reasonable basis for the calculation of the amounts set forth therein, absent manifest error; provided, however, that any failure by the Swing Line Bank
to record any such information shall not relieve Borrowers of their obligation to repay the outstanding principal amount of such Advance, all interest accrued thereon and any amount payable with respect thereto in accordance with the terms of this
Agreement and the other Loan Documents. 
 (b) Requests for Swing Line Advances. Borrowers may request a Swing Line
Advance only after the delivery to Swing Line Bank of a Request for Swing Line Advance executed by a person authorized (in a writing a copy of which has been previously delivered to the Agent) by Borrowers to make such requests, subject to the
following: 
 (i) each such Request for Swing Line Advance shall set forth the information required on the Request for
Advance, including without limitation: 
 (1) the proposed date of such Swing Line Advance, which must be a Business Day;

 (2) whether such Swing Line Advance is to be a Prime-based Advance or a Quoted Rate Advance; and; 
 (3) in the case of a Quoted Rate Advance, the duration of the Interest Period applicable thereto. 
 (ii) on the proposed date of such Swing Line Advance, after giving effect to all Swing Line Advances requested by Borrowers on such date
of determination, the aggregate principal amount of all Swing Line Advances outstanding on such date shall not exceed the Swing Line Maximum Amount. 
 (iii) on the proposed date of such Swing Line Advance, after giving effect to all Advances and Letters of Credit requested by Borrowers on such date (including, without duplication, deemed Advances made under
Section 3.6(a) hereof in respect of Borrowers’ or an applicable Account Party’s reimbursement obligation hereunder) of determination, the sum of (x) the aggregate principal amount of all Advances of the Revolving 

  

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Credit and of the Swing Line requested or outstanding on such date plus (y) the Letter of Credit Obligations on such date shall not exceed the Revolving
Commitment; 
 (iv) the principal amount of the initial funding of such Advance, as opposed to any refunding or conversion
thereof, shall be at least Two Hundred Fifty Thousand Dollars ($250,000) or such lesser amount as agreed to by Swing Line Bank; 
 (v) each such Request for Swing Line Advance shall be delivered to the Swing Line Bank by 3:00 p.m. (Eastern Standard time) on the proposed date of the Advance; 
 (vi) each Request for Swing Line Advance, once delivered to Swing Line Bank, shall be irrevocable by Borrowers, and shall constitute and
include a certification by Borrowers as of the date thereof that: 
 (1) both before and after making such Swing Line
Advance, the obligations of the Loan Parties set forth in this Agreement and the other Loan Documents, are valid, binding and enforceable obligations of such Loan Parties; 
 (2) all conditions to the making of Swing Line Advances have been satisfied (both before and after giving effect to such Advance);

 (3) both before and after giving effect to such Swing Line Advance, there is no Default or Event of Default in existence;
and 
 (4) both before and after giving effect to such Swing Line Advance, the representations and warranties contained in
this Agreement and the other Loan Documents are true and correct in all material respects, other than any representation or warranty that expressly speaks only as of a different date; 
 (vii) On the proposed date of such Swing Line Advance, both before and after giving effect thereto, no Default or Event of Default shall
have occurred and be continuing; 
 (viii) At the option of the Swing Line Lender, subject to revocation by Swing Line Lender
at any time and from time to time, the Borrowers may utilize the Swing Line Lender’s “Sweep to Loan” automated system for obtaining Swing Line Advances. Each time a Swing Line Advance is made using the “Sweep to Loan”
system, the Borrowers shall be deemed to have certified to the Swing Line Lender and the Banks each of the matters set forth in clause (vi) of this Section 2.5(b). Swing Line Lender may revoke the Borrowers’ privilege to use the
“Sweep to Loan” system at any time and from time to time for any reason and, immediately upon any such revocation, the “Sweep to Loan” system shall no longer be available to the Borrowers for the funding of Swing Line Advances
hereunder (or otherwise) and the regular procedures set forth for the making of Swing Line Advances shall be deemed immediately to apply. Swing Line Lender may, at its option, also elect to make Swing Line Advances upon Borrowers’ telephone
requests on the basis set forth in the post-amble to Section 2.3 hereof, provided that the Borrowers comply with the provisions set forth in Section 2.5. 
  

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 (c) Disbursement of Swing Line Advances. Subject to submission of an executed
Request for Swing Line Advance by Borrowers without exceptions noted in the compliance certification therein, Swing Line Bank shall make available to the Borrowers the amount so requested, in like funds and currencies, not later than 4:00 p.m.
(Eastern Standard time) on the date of such Advance by credit to an account of Borrowers maintained with Agent or to such other account or third party as Borrowers may reasonably direct in writing. Swing Line Bank shall promptly notify Agent of any
Swing Line Advance by telephone, telex or telecopier. 
 (d) Refunding of or Participation Interest in Swing Line
Advances. 
 (i) The Agent, at any time in its sole and absolute discretion, may, on behalf of Borrowers (which hereby
irrevocably directs the Agent to act on its behalf) request each of the Banks (including the Swing Line Bank in its capacity as a Bank) to make an Advance of the Revolving Credit to Borrowers, in an amount equal to such Bank’s Percentage of the
principal amount of the aggregate Swing Line Advances outstanding on the date such notice is given (the “Refunded Swing Line Advances”). Such request of the Banks will be made by the Agent in the event a Swing Line Advance remains unpaid
for a period of thirty (30) days. In the case of each Refunded Swing Line Advance the applicable Advance of the Revolving Credit used to refund such Swing Line Advance shall be a Prime-based Advance. In connection with the making of any such
Refunded Swing Line Advances or the purchase of a participation interest in Swing Line Advances under Section 2.5(d)(ii) hereof, the Swing Line Bank shall retain its claim against Borrowers for any unpaid interest or fees in respect thereof
accrued to the date of such refunding. Unless any of the events described in Section 8.1(i) hereof shall have occurred (in which event the procedures of subparagraph (ii) of this Section 2.5(d) shall apply) and regardless of whether
the conditions precedent set forth in this Agreement to the making of an Advance of the Revolving Credit are then satisfied but subject to Section 2.5(d)(iii), each Bank shall make the proceeds of its Advance of the Revolving Credit available
to the Agent for the benefit of the Swing Line Bank at the office of the Agent specified in Section 2.4(a) hereof prior to 11:00 a.m. Eastern Standard time (for Domestic Advances) on the Business Day next succeeding the date such notice is
given, in immediately available funds. The proceeds of such Advances of the Revolving Credit shall be immediately applied to repay the Refunded Swing Line Advances in accordance with the provisions of Section 9.1 hereof. 
 (ii) If, prior to the making of an Advance of the Revolving Credit pursuant to subparagraph (i) of this Section 2.5(d), one of
the events described in Section 8.1(i) hereof shall have occurred, each Bank will, on the date such Advance of the Revolving Credit was to have been made, purchase from the Swing Line Bank an undivided participating interest in each Swing Line
Advance that was to have been refunded in an amount equal to its Percentage of such Swing Line Advance. Each Bank within the time periods specified in Section 2.5(d)(i) hereof, as applicable, shall immediately transfer to the Agent, in
immediately available funds, the amount of its participation and upon receipt thereof the Agent will deliver to such Bank a Swing Line Participation Certificate in the form of Exhibit “J” evidencing such participation. 
 (iii) Each Bank’s obligation to make Advances of the Revolving Credit and to purchase participation interests in accordance with
clauses (i) and (ii) of this Section 

  

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2.5(d) shall be absolute and unconditional and shall not be affected by any circumstance, including, without limitation, (i) any set-off, counterclaim,
recoupment, defense or other right which such Bank may have against Swing Line Bank, Borrowers or any other Person for any reason whatsoever; (ii) the occurrence or continuance of any Default or Event of Default; (iii) any adverse change
in the condition (financial or otherwise) of Borrowers or any other Person; (iv) any breach of this Agreement by Borrowers or any other Person; (v) any inability of Borrowers to satisfy the conditions precedent to borrowing set forth in
this Agreement on the date upon which such Advance is to be made or such participating interest is to be purchased; (vi) the termination of the Revolving Commitment hereunder; or (vii) any other circumstance, happening or event whatsoever,
whether or not similar to any of the foregoing. If any Bank does not make available to the Agent the amount required pursuant to clause (i) or (ii) above, as the case may be, the Agent shall be entitled to recover such amount on demand
from such Bank, together with interest thereon for each day from the date of non-payment until such amount is paid in full (x) for the first two (2) Business Days such amount remains unpaid, at the Federal Funds Effective Rate and
(y) thereafter, at the rate of interest then applicable to such Swing Line Advances. The obligation of any Bank to make available its pro rata portion of the amounts required pursuant to clause (i) or (ii) above shall not be affected
by the failure of any other Bank to make such amounts available, and no Bank shall have any liability to Borrowers or any of their Subsidiaries, the Agent, the Swing Line Bank, or any other Bank or any other party for another Bank’s failure to
make the amounts required under clause (i) or (ii) available. 
 2.6 Prime-based Interest Payments. Interest on the unpaid
balance of all Prime-based Advances of the Revolving Credit and all Swing Line Advances carried at the Prime-based Rate from time to time outstanding shall accrue from the date of such Advance to the date repaid, at a per annum interest rate equal
to the Prime-based Rate, and shall be payable in arrears in immediately available funds commencing on the first Business Day of July, 2007, and on the first Business Day of each October, January, April and July thereafter. Interest accruing at the
Prime-based Rate shall be computed on the basis of a 360 day year and assessed for the actual number of days elapsed, and in such computation effect shall be given to any change in the interest rate resulting from a change in the Prime-based Rate on
the date of such change in the Prime-based Rate. 
 2.7 Eurocurrency-based Interest Payments and Quoted Rate Interest Payments.

 (a) Interest on each Eurocurrency-based Advance of the Revolving Credit shall accrue at the Eurocurrency-based Rate and
shall be payable in immediately available funds on the last day of the Interest Period applicable thereto (and, if any Interest Period shall exceed three months, then on the last Business Day of the third month of such Interest Period, and at three
month intervals thereafter). Interest accruing at the Eurocurrency-based Rate shall be computed on the basis of a 360 day year and assessed for the actual number of days elapsed from the first day of the Interest Period applicable thereto to, but
not including, the last day thereof. 
 (b) Interest on each Quoted Rate Advance of the Swing Line shall accrue at its Quoted
Rate and shall be payable in immediately available funds on the last day of the Interest Period applicable thereto. Interest accruing at a Quoted Rate shall be computed on the 

  

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basis of a 360 day year and assessed for the actual number of days elapsed from the first day of the Interest Period applicable thereto to, but not
including, the last day thereof. 
 2.8 Interest Payments on Conversions. Notwithstanding anything to the contrary in the preceding
sections, all accrued and unpaid interest on any Advance refunded or converted pursuant to Section 2.3 or 2.5(d) hereof shall be due and payable in full on the date such Advance is refunded or converted. 
 2.9 Interest on Default. In the event and so long as any Event of Default shall exist, in the case of any Event of Default under Sections 8.1(a),
8.1(b) or 8.1(i), immediately upon the occurrence thereof, and in the case of all other Events of Default, upon notice from the Majority Banks, interest shall be payable on demand on all Eurocurrency-based Advances of the Revolving Credit from time
to time outstanding (and, to the extent delinquent, on all other monetary obligations of Borrowers hereunder and under the other Loan Documents) at a per annum rate equal to the Applicable Interest Rate in respect of each such Advance plus, in the
case of Eurocurrency-based Advances, two percent (2%) for the remainder of the then existing Interest Period, if any, and at all other such times and for all Prime-based Advances from time to time outstanding, at a per annum rate equal to the
Prime-based Rate plus two percent (2%). 
 2.10 Prime-based Advance in Absence of Election or Upon Default. If, (a) as to any
outstanding Eurocurrency-based Advance of the Revolving Credit, Agent has not received payment of all outstanding principal and accrued interest on the last day of the Interest Period applicable thereto, or does not receive a timely Request for
Advance meeting the requirements of Section 2.3 or 2.5(b) hereof with respect to the refunding or conversion of such Advance, or (b) subject to Section 2.9 hereof, if on the last day of the applicable Interest Period a Default or an
Event of Default shall have occurred and be continuing, then, on the last day of the applicable Interest Period the principal amount of any Eurocurrency-based Advance which has not been prepaid shall, be converted automatically to a Prime-based
Advance and the Agent shall thereafter promptly notify Borrowers of said action. 
 2.11 Optional Prepayments. 
 (a) Except as provided in Section 2.11(b) hereof, and upon notice to Agent, Borrowers may prepay all or part of the outstanding
principal of any Prime-based Advance(s) of the Revolving Credit at any time, provided that the amount of any partial prepayment shall be at least Two Hundred Fifty Thousand Dollars ($250,000) and, after giving effect to any such partial prepayment,
the aggregate balance of Prime-based Advance(s) of the Revolving Credit remaining outstanding, if any, shall be at least One Million Dollars ($1,000,000). Borrowers may prepay all or part of any Eurocurrency-based Advance of the Revolving Credit
(subject to not less than one (1) Business Day’s notice to Agent) provided that the amount of any such partial prepayment shall be at least Two Hundred Fifty Thousand Dollars ($250,000), and after giving effect to any such partial
prepayment, the unpaid portion of such Advance which is refunded or converted under Section 2.3 hereof shall be at least One Million Dollars ($1,000,000). 
 (b) Borrowers may prepay all or part of the outstanding principal of any Swing Line Advance carried at the Prime-based Rate at any time,
provided that the amount of 

  

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any partial prepayment shall be at least Two Hundred Fifty Thousand Dollars ($250,000) and, after giving effect to any such partial prepayment, the aggregate
balance of such Swing Line Advances remaining outstanding, if any, shall be at least Two Hundred Fifty Thousand Dollars ($250,000). 
 (c) Borrowers may prepay all or part of the outstanding principal of any Swing Line Advance carried as a Quoted Rate Advance on the terms as agreed by the Borrowers and the Swing Line Bank at the time such Quoted Rate Advance is made.

 (d) Any prepayment of a Prime-based Advance made in accordance with this Section shall be without premium or penalty and
any prepayment of any other type of Advance shall be subject to the provisions of Section 10.1, but otherwise without premium or penalty. 
 2.12 Mandatory Repayment of Revolving Credit Advances. 
 (a) If at any time and for any reason the aggregate
outstanding principal amount of Revolving Credit Advances plus Swing Line Advances hereunder to Borrowers, plus the outstanding Letter of Credit Obligations, shall exceed the Revolving Commitment, Borrowers shall immediately reduce any pending
request for a Revolving Credit Advance on such day by the amount of such excess and, to the extent any excess remains thereafter, immediately repay an amount of the Indebtedness equal to such excess and, to the extent such Indebtedness consists of
Letter of Credit Obligations, provide cash collateral on the basis set forth in Section 8.2 hereof. Borrowers acknowledge that, in connection with any repayment required hereunder, they shall also be responsible for the reimbursement of any
prepayment or other costs required under Section 10.1 hereof; provided, however, that Borrowers shall, in order to reduce any such prepayment costs and expenses, first prepay such portion of the Indebtedness then carried as a Prime-based
Advance, if any. 
 (b) To the extent that, on the date any mandatory repayment of the Revolving Credit Advances under this
Section 2.12 or payment pursuant to the terms of any of the Collateral Documents is due, the Indebtedness under the Revolving Credit or any other Indebtedness to be prepaid is being carried, in whole or in part, at the Eurocurrency-based Rate
and no Default or Event of Default has occurred and is continuing, Borrowers may deposit the amount of such mandatory prepayment in a cash collateral account to be held by the Agent, for and on behalf of the Banks (which shall be an interest-bearing
account), on such terms and conditions as are reasonably acceptable to Agent and upon such deposit the obligation of Borrowers to make such mandatory prepayment shall be deemed satisfied. Subject to the terms and conditions of said cash collateral
account, sums on deposit in said cash collateral account shall be applied (until exhausted) to reduce the principal balance of the Revolving Credit on the last day of each Interest Period attributable to the Eurocurrency-based Advances of such
Revolving Advance, thereby avoiding breakage costs under Section 10.1 hereof. 
 2.13 Optional Reduction or Termination of Revolving
Credit Aggregate Commitment. Borrowers may upon at least five (5) Business Days’ prior written notice to the Agent, permanently reduce the Revolving Commitment in whole at any time, or in part from time to time, without premium or
penalty, provided that: (i) each partial reduction of the Revolving Commitment shall be in an aggregate amount equal to Five Million Dollars ($5,000,000) or a 

  

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larger integral multiple of Five Hundred Thousand Dollars ($500,000); (ii) each reduction shall be accompanied by the payment of the Revolving Credit
Facility Fee, on the amount of such reduction if any, accrued and unpaid to the date of such reduction; (iii) Borrowers shall prepay in accordance with the terms hereof the amount, if any, by which the aggregate unpaid principal amount of
Advances (including, without duplication, any deemed Advances made under Section 3.6 hereof) outstanding hereunder, plus the aggregate undrawn amount of outstanding Letter of Credit Obligations, exceeds the amount of the Revolving Commitment as
so reduced, together with interest thereon to the date of prepayment; (iv) no reduction shall reduce the Revolving Commitment to an amount which is less than the aggregate undrawn amount of any Letters of Credit outstanding at such time;
provided, however that if the termination or reduction of the Revolving Commitment requires the prepayment of a Eurocurrency-based Advance or a Quoted Rate Advance and such termination or reduction is made on a day other than the last Business Day
of the then current Interest Period applicable to such Eurocurrency-based Advance or Quoted Rate Advance, then, pursuant to Section 10.1, Borrowers shall compensate the Banks for any losses or, Borrowers may deposit the amount of such
prepayment in a collateral account as provided in Section 2.12(b). Reductions of the Revolving Credit Aggregate Commitment and any accompanying prepayments of Advances of the Revolving Credit shall be distributed by Agent to each Bank in
accordance with such Bank’s Percentage thereof, and will not be available for reinstatement by or readvance to Borrowers, and any accompanying prepayments of Advances of the Swing Line shall be distributed by Agent to the Swing Line Bank and
will not be available for reinstatement by or readvance to Borrowers. Any reductions of the Revolving Commitment hereunder shall reduce each Bank’s portion thereof proportionately (based on the applicable Percentages), and shall be permanent
and irrevocable. Any payments made pursuant to this Section shall be applied first to outstanding Prime-based Advances under the Revolving Credit, next to Swing Line Advances carried at the Prime-based Rate, next to Eurocurrency-based Advances of
the Revolving Credit and then to Swing Line Advances carried at the Quoted Rate. 
 2.14 Revolving Credit Facility Fee. From the
Effective Date to the Revolving Credit Maturity Date, Borrowers shall pay to the Agent for distribution to the Banks pro rata in accordance with their respective Percentages, a Revolving Credit Facility Fee quarterly in arrears commencing
July 1, 2007 (in respect of the period from the date hereof through June 30, 2007) and on the first calendar day of each October, January, April and July thereafter. The Revolving Credit Facility Fee payable to each Bank shall be
determined by multiplying the Applicable Fee Percentage times the average daily amount of such Bank’s Percentage of the Revolving Commitment. The Revolving Credit Facility Fee shall be computed on the basis of a year of three hundred sixty
(360) days and assessed for the actual number of days elapsed. Whenever any payment of the Revolving Credit Facility Fee shall be due on a day which is not a Business Day, the date for payment thereof shall be extended to the next Business Day.
Upon receipt of such payment, Agent shall make prompt payment to each Bank of its share of the Revolving Credit Facility Fee based upon its respective Percentage. It is expressly understood that the Revolving Credit Facility Fees described in this
Section are not refundable under any circumstances. 
 2.15 Use of Proceeds of Advances. Advances of the Revolving Credit (including
Swing Line Advances) shall be available to refinance the existing $41,728,273.74 of debt of Borrowers outstanding under the Comerica Debt, for working capital support and other general corporate purposes of Borrowers and their Subsidiaries, to
finance Development Agreements and to finance Permitted Acquisitions. 
  

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 2.16 Lock-Box. Borrowers shall at their sole expense establish and maintain (and Agent, at
Agent’s option, may establish and maintain at Borrowers’ expense): (a) an United States Post Office lock box(es) (the “Lock Box”), to which Agent shall have exclusive access and control. Each Borrower expressly authorizes
Agent, from time to time, to remove contents from the Lock Box, for disposition in accordance with this Agreement. Each Borrower agrees to notify all Account Debtors and other parties obligated to such Borrower that all payments made to such
Borrower (other than payments by electronic transfer) shall be remitted, for the credit of Borrower, to the Lock Box, and each Borrower shall include a like statement on all invoices; and (b) deposit account(s) with Agent which shall be titled
as designated by Agent (the “Cash Collateral Account”). Each Borrower agrees to notify all Account Debtors and other parties obligated to such Borrower that all payments made to such Borrower by electronic funds transfer shall be remitted
to the Cash Collateral Account, and each Borrower, at Agent’s request, shall include a like statement on all invoices. Borrowers shall execute all documents and authorizations as required by Agent to establish and maintain the Lock Box and the
Cash Collateral Account. 
 2.17 Extension of Revolving Credit Maturity Date. Borrowers may request extensions of the Revolving Credit
Maturity Date for additional one year periods by delivering a written request for such extension to Agent between May 1 and May 31 of any calendar year. Upon receipt of any such written request, Agent shall deliver copies of such request
to each of the Banks. In the event that each of the Banks, within thirty (30) days after the Agent’s delivery of such request, consents in writing to such extension, the Revolving Credit Maturity Date shall thereafter be extended to the
date which is the one year anniversary of the Revolving Credit Maturity Date previously in effect; provided, however, (i) each Bank shall have absolute discretion in determining whether to consent to or deny any such extension request,
(ii) failure of any Bank to affirmatively consent (within the time specified above) to an extension request shall be deemed a denial by such Bank, and (iii) in the event that any Bank denies (or is deemed to have denied) an extension
request, such extension request will be deemed to have been refused by the Agent and the Banks. 
  

	3.	LETTERS OF CREDIT 

 3.1 Letters of Credit. Subject
to the terms and conditions of this Agreement, Issuing Bank shall through the Issuing Office, at any time and from time to time from and after the date hereof until thirty (30) days prior to the Revolving Credit Maturity Date, upon the written
request of an Account Party accompanied by a duly executed Letter of Credit Agreement and such other documentation related to the requested Letter of Credit as the Issuing Bank may require, issue Letters of Credit in Dollars for the account of such
Account Party(ies), in an aggregate amount for all Letters of Credit issued hereunder at any one time outstanding not to exceed the Letter of Credit Maximum Amount. Each Letter of Credit shall be in a minimum face amount of Two Hundred Fifty
Thousand Dollars ($250,000) (or such lesser amount as may be agreed to by Issuing Bank) and each Letter of Credit (including any renewal thereof) shall expire not later than the first to occur of (i) one year after the date of issuance thereof
and (ii) ten (10) Business Days prior to the Revolving Credit Maturity Date in effect on the date of issuance thereof. The 

  

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submission of all applications in respect of and the issuance of each Letter of Credit hereunder shall be subject in all respects to the International
Standby Practices 98, and any successor documentation thereto and to the extent not inconsistent therewith, the laws of the State of Michigan. In the event of any conflict between this Agreement and any Letter of Credit Document other than any
Letter of Credit, this Agreement shall control. 
 3.2 Conditions to Issuance. No Letter of Credit shall be issued at the request and
for the account of any Account Party(ies) unless, as of the date of issuance of such Letter of Credit: 
 (a) in the case of
any Account Party: 
 (i) after giving effect to the Letter of Credit requested, the outstanding Letter of Credit Obligations
does not exceed the Letter of Credit Maximum Amount; and 
 (ii) after giving effect to the Letter of Credit requested, the
outstanding Letter of Credit Obligations on such date plus the aggregate amount of all Advances (including, without duplication, Swing Line Advances and all deemed Advances funded by Agent under Section 3.6(a) hereof in respect of a
Borrower’s or the applicable Account Party’s reimbursement obligation hereunder) requested or outstanding on such date does not exceed the Revolving Commitment; 
 (b) the obligations of the Loan Parties set forth in this Agreement and the other Loan Documents are valid, binding and enforceable
obligations of such Loan Parties and the valid, binding and enforceable nature of this Agreement and the other Loan Documents has not been disputed by Borrowers; 
 (c) the representations and warranties contained in this Agreement and the other Loan Documents are true in all material respects as if
made on such date (other than any representation or warranty that expressly speaks only as of a different date), and both immediately before and immediately after issuance of the Letter of Credit requested, no Default or Event of Default exists;

 (d) the execution of the Letter of Credit Agreement with respect to the Letter of Credit requested will not violate the
terms and conditions of any material contract, agreement or other borrowing of the relevant Account Party; 
 (e) the Account
Party requesting the Letter of Credit shall have delivered to Issuing Bank at its Issuing Office, not less than three (3) Business Days prior to the requested date for issuance (or such shorter time as the Issuing Bank, in its sole discretion,
may permit), the Letter of Credit Agreement related thereto, together with such other documents and materials as may be required pursuant to the terms thereof, and the terms of the proposed Letter of Credit shall be reasonably satisfactory to
Issuing Bank; 
 (f) no order, judgment or decree of any court, arbitrator or governmental authority shall purport by its
terms to enjoin or restrain Issuing Bank from issuing the Letter of Credit requested, or any Bank from taking an assignment of its Percentage thereof pursuant to Section 3.6 hereof, and no law, rule, regulation, request or directive (whether or
not having the 

  

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force of law) shall prohibit or request that Issuing Bank refrain from issuing, or any Bank refrain from taking an assignment of its Percentage of, the
Letter of Credit requested or letters of credit generally; 
 (g) there shall have been no introduction of or change in the
interpretation of any law or regulation that would make it unlawful or unduly burdensome for the Issuing Bank to issue or any Bank to take an assignment of its Percentage of the requested Letter of Credit, no declaration of a general banking
moratorium by banking authorities in the United States, Michigan or the respective jurisdictions in which the Banks, the applicable Account Party and the beneficiary of the requested Letter of Credit are located, and no establishment of any new
restrictions by any central bank or other governmental agency or authority on transactions involving letters of credit or on banks materially affecting the extension of credit by banks; and 
 (h) Issuing Bank shall have received the issuance fees required in connection with the issuance of such Letter of Credit pursuant to
Section 3.4 hereof. 
 Each Letter of Credit Agreement submitted to Issuing Bank pursuant hereto shall constitute the certification by
Borrowers and the Account Party of the matters set forth in Section 3.2 (a) through (d) hereof. The Agent shall be entitled to rely on such certification without any duty of inquiry. 
 3.3 Notice. The Issuing Bank will deliver to the Agent, concurrently with or promptly following its delivery of any Letter of Credit, a true and
complete copy of each Letter of Credit. Promptly upon its receipt thereof, Agent shall give notice, substantially in the form attached as Exhibit “K”, to each Bank of the issuance of each Letter of Credit, specifying the amount
thereof and the amount of such Bank’s Percentage thereof. 
 3.4 Letter of Credit Fees. Borrowers shall pay to the Agent letter
of credit fees as follows: 
 (a) for distribution to the Banks in accordance with their Percentages a per annum letter of
credit fee with respect to the undrawn amount of each Letter of Credit issued pursuant hereto (based on the amount of each Letter of Credit) in the amount of the Applicable Fee Percentage (determined with reference to Schedule 1.1 to this
Agreement). 
 (b) for Issuing Bank’s sole account, a letter of credit Facing Fee. 
 (c) All payments by Borrowers to the Agent for distribution to the Issuing Bank or the Banks under this Section 3.4 shall be made in
Dollars in immediately available funds at the Issuing Office or such other office of the Agent as may be designated from time to time by written notice to Borrowers by the Agent. The fees described in clauses (a) and (b) above
(i) shall be nonrefundable under all circumstances (other than the failure of the Issuing Bank to issue the Letter of Credit to which such fees relate) and (ii) in the case of fees due under clauses (a) and (b) above, shall be
payable semi-annually in advance upon the issuance of such Letter of Credit and on the first day of each January and July thereafter. The fees due under clause (a) above shall be determined by multiplying the Applicable Fee Percentage times the
undrawn amount of the face amount of each such Letter of Credit on the date of determination, and shall 

  

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be calculated on the basis of a 360 day year and assessed for the actual number of days from the date of the issuance thereof to the stated expiration
thereof. The parties hereto acknowledge that any material amendment and any extension to a Letter of Credit issued hereunder shall be treated as a new Letter of Credit for the purposes of the Facing Fee. 
 (d) If any change in any law or regulation or in the interpretation thereof by any court or administrative or governmental authority
charged with the administration thereof, adopted after the date hereof, shall either (i) impose, modify or cause to be deemed applicable any reserve, special deposit, limitation or similar requirement against letters of credit issued or
participated in by, or assets held by, or deposits in or for the account of, Issuing Bank or any Bank or (ii) impose on Issuing Bank or any Bank any other condition regarding this Agreement, the Letters of Credit or any participations in such
Letters of Credit, and the result of any event referred to in clause (i) or (ii) above shall be to increase the cost or expense to Issuing Bank or such Bank of issuing or maintaining or participating in any of the Letters of Credit (which
increase in cost or expense shall be determined by the Issuing Bank’s or such Bank’s reasonable allocation of the aggregate of such cost increases and expenses resulting from such events), then, upon demand by the Issuing Bank or such
Bank, as the case may be, the applicable Account Party shall, within thirty (30) days following demand for payment, pay to Issuing Bank or such Bank, as the case may be, from time to time as specified by the Issuing Bank or such Bank,
additional amounts which shall be sufficient to compensate the Issuing Bank or such Bank for such increased cost and expense, together with interest on each such amount from ten days after the date such payment is due until payment in full thereof
at the Prime-based Rate. Each demand for payment under this Section 3.4(d), shall be accompanied by a certificate of Issuing Bank or the applicable Bank (as applicable) setting forth the amount of such increased cost or expense incurred by the
Issuing Bank or such Bank, as the case may be, as a result of any event mentioned in clause (i) or (ii) above, and in reasonable detail, the methodology for calculating and the calculation of such amount, which certificate shall be
prepared in good faith and shall be conclusive evidence, so long as they reflect a reasonable basis for the calculation of the amounts set forth therein and absent manifest error, as to the amount thereof. 
 3.5 Other Fees. In connection with the Letters of Credit, and in addition to the Letter of Credit Fees, Borrowers shall pay, for the sole account
of the Issuing Bank, standard documentation, administration, payment and cancellation charges assessed by Issuing Bank or the Issuing Office, at the times, in the amounts and on the terms set forth or to be set forth from time to time in the
standard fee schedule of the Issuing Office in effect from time to time and delivered to the relevant Account Party (but without duplication of the specific fees, costs and changes described herein). 
 3.6 Drawings and Demands for Payment Under Letters of Credit. 
 (a) If the Issuing Bank shall honor a draft or other demand for payment presented or made under any Letter of Credit, Borrowers and each
applicable Account Party agrees to pay to the Issuing Bank an amount equal to the amount paid by the Issuing Bank in respect of such draft or other demand under such Letter of Credit and all expenses paid or incurred by the Agent relative thereto
not later than 3:00 p.m. (Eastern Standard time), on (i) the Business Day that Borrowers receive notice of such presentment and honor, if such notice is 

  

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received prior to 11:00 a.m. (Eastern Standard time) or (ii) the Business Day immediately following the day that Borrowers receive such notice, if such
notice is not received prior to such time. Unless Borrowers shall have made such payment to the Agent for the account of the Issuing Bank on such day, upon each such payment by the Issuing Bank, the Agent shall be deemed to have disbursed to
Borrowers and Borrowers shall be deemed to have elected to substitute for the reimbursement obligation, with respect to the applicable Letters of Credit denominated in Dollars, a Prime-based Advance of the Revolving Credit for the account of the
Banks in an amount equal to the amount so paid by the Issuing Bank in respect of such draft or other demand under such Letter of Credit. Such Prime-based Advance shall be deemed disbursed notwithstanding any failure to satisfy any conditions for
disbursement of any Advance set forth in Section 2 hereof and, to the extent of the Advances so disbursed, the reimbursement obligation of the relevant Account Party(ies) under this Section 3.6 shall be deemed satisfied. 
 (b) If the Issuing Bank shall honor a draft or other demand for payment presented or made under any Letter of Credit, the Issuing Bank
shall provide notice thereof to Borrowers and the applicable Account Party on the date such draft or demand is honored, and to each Bank on such date unless Borrowers or the applicable Account Party shall have satisfied their reimbursement
obligation under Section 3.6(a) hereof by payment to the Agent on such date. The Issuing Bank shall further use reasonable efforts to provide notice to Borrowers or the applicable Account Party prior to honoring any such draft or other demand
for payment, but such notice, or the failure to provide such notice, shall not, subject to Section 3.6(a), affect the rights or obligations of the Issuing Bank with respect to any Letter of Credit or the rights and obligations of the parties
hereto, including without limitation the obligations of Borrowers or the applicable Account Party under Section 3.6(a) hereof. 
 (c) Upon issuance by the Issuing Bank of each Letter of Credit hereunder, each Bank shall automatically acquire a pro rata participation interest in such Letter of Credit and each related Letter of Credit Payment based on its respective
Revolving Credit Percentage. Each Bank, on the date a draft or demand under any Letter of Credit is honored (or the next succeeding Business Day if the notice required to be given by Agent to the Banks under Section 3.6(b) hereof is not given
to the Banks prior to 3:00 p.m. (Eastern Standard time) on such date of draft or demand), shall make its Percentage of the amount paid by the Issuing Bank, and not reimbursed by Borrowers or the applicable Account Party on such day, in immediately
available funds at the principal office of the Agent for the account of Issuing Bank. If and to the extent such Bank shall not have made such pro rata portion available to the Agent, such Bank, Borrowers and the applicable Account Party severally
agree to pay to the Issuing Bank forthwith on demand such amount together with interest thereon, for each day from the date such amount was paid by the Issuing Bank until such amount is so made available to the Agent at a per annum rate equal to the
interest rate applicable during such period to the related Advance deemed to have been disbursed under Section 3.6(a) in respect of the reimbursement obligation of Borrowers and the applicable Account Party as set forth in
Section 2.4(c)(i) or 2.4(c)(ii) hereof, as the case may be. If such Bank shall pay such amount to the Agent for the account of Issuing Bank together with such interest, if any, such amount so paid shall be deemed to constitute an Advance by
such Bank disbursed in respect of the reimbursement obligation of Borrowers and the applicable Account Party under Section 3.6(a) hereof for purposes of this Agreement, effective as of the dates applicable under said Section 3.6(a). The
failure of any Bank to make its 

  

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pro rata portion of any such amount paid by the Issuing Bank available to the Agent for the account of Issuing Bank shall not relieve any other Bank of its
obligation to make available its pro rata portion of such amount, but no Bank shall be responsible for failure of any other Bank to make such pro rata portion available to the Agent for the account of Issuing Bank. 
 Notwithstanding the foregoing however no Bank shall be deemed to have acquired a participation in a Letter of Credit if, prior to the issuing of the
Letter of Credit by the Issuing Bank, the Agent or the Issuing Bank had obtained actual knowledge that an Event of Default had occurred and was continuing; provided, however that the Banks shall be deemed to have acquired such a participation upon
the date of which such Event of Default has been waived by the requisite Banks, as applicable. 
 (d) Nothing in this
Agreement shall be construed to require or authorize any Bank to issue any Letter of Credit, it being recognized that the Issuing Bank shall be the sole issuer of Letters of Credit under this Agreement. 
 3.7 Obligations Irrevocable. The obligations of Borrowers and the applicable Account Party to make payments to Agent for the account of Issuing
Bank or the Banks with respect to Letter of Credit Obligations under Section 3.6 hereof, shall be unconditional and irrevocable and not subject to any qualification or exception whatsoever, including, without limitation: 
 (a) Any lack of validity or enforceability of any Letter of Credit or any documentation relating to any Letter of Credit or to any
transaction related in any way to any Letter of Credit (the “Letter of Credit Documents”); 
 (b) Any amendment,
modification, waiver, consent, or any substitution, exchange or release of or failure to perfect any interest in collateral or security, with respect to or under any of the Letter of Credit Documents; 
 (c) The existence of any claim, setoff, defense or other right which Borrowers or any Account Party may have at any time against any
beneficiary or any transferee of any Letter of Credit (or any persons or entities for whom any such beneficiary or any such transferee may be acting), the Agent, the Issuing Bank or any Bank or any other person or entity, whether in connection with
any of the Letter of Credit Documents, the transactions contemplated herein or therein or any unrelated transactions; 
 (d)
Any draft or other statement or document presented under any Letter of Credit proving to be forged, fraudulent, invalid or insufficient in any respect or any statement therein being untrue or inaccurate in any respect, provided that Issuing
Bank’s determination that the same did not comply with the terms of such Letter of Credit shall not have constituted gross negligence or willful misconduct of such Issuing Bank; 
 (e) Payment by the Issuing Bank to the beneficiary under any Letter of Credit against presentation of documents which do not comply with
the terms of such Letter of Credit, including failure of any documents to bear any reference or adequate reference to such Letter of Credit, provided that Issuing Bank’s determination that the same did not comply with the terms of such Letter
of Credit shall not have constituted gross negligence or willful misconduct of such Issuing Bank; 
  

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 (f) Any failure, omission, delay or lack on the part of the Agent, Issuing Bank or any
Bank or any party to any of the Letter of Credit Documents to enforce, assert or exercise any right, power or remedy conferred upon the Agent, Issuing Bank, any Bank or any such party under this Agreement, any of the other Loan Documents or any of
the Letter of Credit Documents, or any other acts or omissions on the part of the Agent, Issuing Bank, any Bank or any such party; or 
 (g) Any other event or circumstance that would, in the absence of this Sections 3.7, result in the release or discharge by operation of law or otherwise of Borrowers or any Account Party from the performance or
observance of any obligation, covenant or agreement contained in Section 3.6 hereof. 
 No setoff, counterclaim, reduction or diminution
of any obligation or any defense of any kind or nature which Borrowers or any Account Party has or may have against the beneficiary of any Letter of Credit shall be available hereunder to Borrowers or any Account Party or either of them against the
Agent, Issuing Bank or any Bank. Nothing contained in this Section 3.7 shall be deemed to prevent Borrowers or the Account Parties after satisfaction in full of the absolute and unconditional obligations of Borrowers and the Account Parties
hereunder, from asserting in a separate action any claim, defense, set off or other right which they (or any of them) may have against Agent, Issuing Bank or any Bank. 
 3.8 Risk Under Letters of Credit. 
 (a) In the administration and handling of Letters
of Credit and any security therefor, or any documents or instruments given in connection therewith, Issuing Bank shall have the sole right to take or refrain from taking any and all actions under or upon the Letters of Credit. 
 (b) Subject to other terms and conditions of this Agreement and the provisions of applicable law, Issuing Bank shall issue the Letters of
Credit and shall hold the documents related thereto in its own name and shall make all collections thereunder and otherwise administer the Letters of Credit in accordance with Issuing Bank’s regularly established practices and procedures and
will have no further obligation with respect thereto. In the administration of Letters of Credit, Issuing Bank shall not be liable for any action taken or omitted on the advice of counsel, accountants, appraisers or other experts selected by Issuing
Bank and Issuing Bank may rely upon any notice, communication, certificate or other statement from Borrowers, any Account Party, beneficiaries of Letters of Credit, or any other Person which Issuing Bank believes to be authentic. Issuing Bank will,
upon request, furnish the Banks with copies of Letter of Credit Documents related thereto. 
 (c) In connection with the
issuance and administration of Letters of Credit and the assignments hereunder, Issuing Bank makes no representation and shall have no responsibility with respect to (i) the obligations of Borrowers or any Account Party or any one of them or
the validity, sufficiency or enforceability of any document or instrument given in 

  

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connection therewith, or the taking of any action with respect to same, (ii) the financial condition of, any representations made by, or any act or
omission of, Borrowers, any applicable Account Party or any other Person, or (iii) any failure or delay in exercising any rights or powers possessed by Issuing Bank in its capacity as issuer of Letters of Credit in the absence of its gross
negligence or willful misconduct. Each of the Banks expressly acknowledges that it has made and will continue to make its own evaluations of Borrowers’ and the Account Party’s creditworthiness without reliance on any representation of
Issuing Bank or Issuing Bank’s officers, agents and employees. 
 (d) If at any time Issuing Bank shall recover any part
of any unreimbursed amount for any draw or other demand for payment under a Letter of Credit, or any interest thereon, Agent or Issuing Bank, as the case may be, shall receive same for the pro rata benefit of the Banks in accordance
with their respective Percentages and shall promptly deliver to each Bank its share thereof, less such Bank’s pro rata share of the costs of such recovery, including court costs and reasonable attorney’s fees. If at any time any Bank shall
receive from any source whatsoever any payment on any such unreimbursed amount or interest thereon in excess of such Bank’s Percentage of such payment, such Bank will promptly pay over such excess to Agent, for redistribution in accordance with
this Agreement. 
 3.9 Indemnification. Each Borrower and each Account Party hereby indemnifies and agrees to hold harmless the Banks,
the Issuing Bank and the Agent, and their respective officers, directors, employees and agents (each an “L/C Indemnified Person”), from and against any and all claims, damages, losses, liabilities, costs or expenses of any kind or nature
whatsoever which the Banks, the Issuing Bank or the Agent or any such Person may incur or which may be claimed against any of them by reason of or in connection with any Letter of Credit (collectively, the “L/C Indemnified Amounts”), and
none of the Issuing Bank, any Bank or the Agent or any of their respective officers, directors, employees or agents shall be liable or responsible for: 
 (a) the use which may be made of any Letter of Credit or for any acts or omissions of any beneficiary in connection therewith; 
 (b) the validity, sufficiency or genuineness of documents or of any endorsement thereon, even if such documents should in fact prove to be
in any or all respects invalid, insufficient, fraudulent or forged (except subject to the proviso in Section 3.7(d)); 
 (c) payment by the Issuing Bank to the beneficiary under any Letter of Credit against presentation of documents which do not strictly comply with the terms of any Letter of Credit (unless such payment resulted from the gross negligence or
willful misconduct of the Issuing Bank), including failure of any documents to bear any reference or adequate reference to such Letter of Credit (except subject to the proviso in Section 3.7(e)); 
 (d) any error, omission, interruption or delay in transmission, dispatch or delivery of any message or advice, however transmitted, in
connection with any Letter of Credit; or 
 (e) any other event or circumstance whatsoever arising in connection with any
Letter of Credit. 
  

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 It is understood that in making any payment under a Letter of Credit, the Issuing Bank will rely on
documents presented to it under such Letter of Credit as to any and all matters set forth therein without further investigation and regardless of any notice or information to the contrary. 
 With respect to subparagraphs (a) through (e) hereof, (i) neither any Borrower nor any of the Account Parties shall be required to
indemnify any L/C Indemnified Person for any L/C Indemnified Amounts to the extent such amounts result from such L/C Indemnified Person’s gross negligence or willful misconduct and (ii) the Agent and the Issuing Bank shall be liable to
Borrowers and the Account Parties to the extent, but only to the extent, of any direct, as opposed to consequential or incidental, damages suffered by Borrowers and the Account Parties which were caused by the Issuing Bank’s gross negligence or
willful misconduct or by the Issuing Bank’s wrongful dishonor of any Letter of Credit, after the presentation to it by the beneficiary thereunder of a draft or other demand for payment and other documentation strictly complying with the terms
and conditions of such Letter of Credit. 
 3.10 Right of Reimbursement. Each Bank agrees to reimburse the Issuing Bank on demand, pro
rata in accordance with its respective Revolving Credit Percentage, for (i) the reasonable out-of-pocket costs and expenses of the Issuing Bank to be reimbursed by any Borrower or any Account Party pursuant to any Letter of Credit Agreement or
any Letter of Credit, to the extent not reimbursed by any Borrower or any Account Party and (ii) any and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, fees, reasonable out-of-pocket expenses or
disbursements of any kind and nature whatsoever which may be imposed on, incurred by or asserted against Issuing Bank in any way relating to or arising out of this Agreement (including Section 3.6(c) hereof), any Letter of Credit, any
documentation or any transaction relating thereto, or any Letter of Credit Agreement, to the extent not reimbursed by any Borrower or any Account Party, except to the extent that such liabilities, losses, costs or expenses were incurred by Issuing
Bank as a result of Issuing Bank’s gross negligence or willful misconduct or by the Issuing Bank’s wrongful dishonor of any Letter of Credit after the presentation to it by the beneficiary thereunder of a draft or other demand for payment
and other documentation strictly complying with the terms and conditions of such Letter of Credit. 
  

	4.	CONDITIONS 

 The obligations of the Banks to make Advances
or loans pursuant to this Agreement and the obligation of the Issuing Bank to issue Letters of Credit are subject to the following conditions, all of which must be satisfied on or before April 30, 2007: 
 4.1 Execution of Notes and this Agreement. Each of the Loan Parties shall have executed and delivered to Agent for the account of each Bank
requesting Notes, the Revolving Credit Notes and the Swing Line Note, as applicable, and this Agreement, the other Loan Documents to which that Loan Party is a party (including all schedules, exhibits, certificates, opinions, financial statements
and other documents to be delivered pursuant hereto), the Notes, and the other Loan Documents shall be in full force and effect. 
  

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 4.2 Corporate Authority. Agent shall have received, with a counterpart thereof for each Bank:

 (a) For each Loan Party, a certificate of a Responsible Officer as to: 
 (i) resolutions of the board of directors or managers or members, as applicable, of such Loan Party evidencing approval of the
transactions contemplated by this Agreement, approval of this Agreement and the other Loan Documents to which such Loan Party is party and authorizing the execution and delivery thereof and in the case of Borrowers, the borrowing of Advances and the
requesting of Letters of Credit hereunder; 
 (ii) the incumbency and signature of the representative(s) of such Loan Party
executing any Loan Document; 
 (iii) a certificate of good standing or continued existence (or the equivalent thereof) from
the state of its incorporation, organization or formation, and from every state or other jurisdiction listed on Schedule 4.2 hereof if issued by such jurisdiction, subject to the limitations (as to qualification and authorization to do business)
contained in Section 5.1, in each case dated within 30 days of the Effective Date; and 
 (iv) copies of such Loan
Party’s articles of incorporation and bylaws or other constitutional documents, as in effect on the Effective Date. 
 4.3 Collateral
Documents, Guaranties and other Loan Documents. As security for all Indebtedness, the Agent shall have received the agreements, instruments and documents listed on the Closing Checklist attached hereto as Exhibit “D”. 

4.4 Insurance. The Agent shall have received evidence satisfactory to it that the Loan Parties have obtained the insurance policies required by
Section 6.5 hereof and that such insurance policies are in full force and effect. 
 4.5 Compliance with Certain Documents and
Agreements. The Loan Parties shall have each performed and complied in all material respects with all agreements and conditions contained in this Agreement and the other Loan Documents and required to be performed or complied with by each of
them (as of the applicable date) and none of such parties shall be in material default in the performance or compliance with any of the terms or provisions hereof or thereof. 
 4.6 Opinions of Counsel. The Loan Parties shall furnish Agent prior to the initial Advance under this Agreement, with signed copies for each Bank,
opinions of counsel to the Loan Parties dated the Effective Date and covering such matters as reasonably required by and otherwise reasonably satisfactory in form and substance to the Agent and each of the Banks. 
 4.7 Closing Certificate. The Agent shall have received, with a signed counterpart for each Bank, a certificate of a Responsible Officer of
Borrowers dated the Effective Date (or, if different, the date of the initial Advance hereunder), stating that to the best of his or her respective knowledge after due inquiry, (a) the conditions set forth in this Section 4 have been
satisfied; (b) the representations and warranties made by the Loan Parties in this Agreement or any of the other Loan Documents, are true and correct in all material respects; (c) no Default or Event of Default 

  

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shall have occurred and be continuing; and (d) since December 31, 2006, nothing shall have occurred which has had, or could reasonably be expected
to have, a Material Adverse Effect. 
 4.8 Payment of Fees. Borrowers shall have paid to Comerica Bank, in its individual capacity and
as Agent (for its sole account), any commitment fee and agency fee due under the terms of the Agency Fee Letter. 
 4.9 Refinancing.
On the Effective Date, all Debt under the Comerica Debt shall have been repaid in full or adequate provision shall be made for the payment thereof from the proceeds of the initial Advances made pursuant to this Agreement, and all commitments in
respect thereof shall be terminated concurrently with such payment, and all Liens and guaranties in connection therewith shall be released concurrently with such payment (and all appropriate releases, termination statements or other instruments of
assignment with respect thereto shall have been obtained or reasonable arrangements made therefor) to the reasonable satisfaction of the Agent. 
 4.10 Continuing Conditions. The obligations of the Banks to make Advances (including the initial Advance) under this Agreement and the obligation of the Issuing Bank to issue any Letters of Credit shall be subject to the continuing
conditions that: 
 (a) No Default or Event of Default shall exist as of the date of the Advance or the request for the Letter
of Credit; and 
 (b) Each of the representations and warranties contained in this Agreement and in each of the other Loan
Documents shall be true and correct in all material respects as of the date of the Advance or Letter of Credit as if made on and as of such date (other than any representation or warranty that expressly speaks only as of a different date).

  

	5.	REPRESENTATIONS AND WARRANTIES 

 Each Borrower represents
and warrants and such representations and warranties shall survive until termination of the Revolving Commitment and thereafter until the expiration of all Letters of Credit and the final payment in full of the Indebtedness and the performance by
each Borrower of all other obligations under this Agreement: 
 5.1 Organizational Authority. Each Loan Party is a limited liability
company, corporation, or other business entity duly organized and existing in good standing under the laws of the state or jurisdiction of its incorporation, each other Subsidiary is a corporation or other business entity duly organized and existing
in good standing under the laws of the jurisdiction of its incorporation, and, other than as set forth on Schedule 5.1 hereto, each Loan Party and each Subsidiary is duly qualified and authorized to do business as a foreign corporation or other
business entity in each jurisdiction where the character of its assets or the nature of its activities makes such qualification and authorization necessary, except where the failure to do so would not have a Material Adverse Change. 
 5.2 Due Authorization – Borrowers. Execution, delivery and performance of this Agreement, the other Loan Documents to which Borrowers are a
party and the issuance of the Notes by Borrowers (if requested) are within each Borrower’s corporate powers, as the case may 

  

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be, have been duly authorized, are not in contravention of any law applicable to Borrowers or the terms of Borrowers’ organizational documents and,
except as have been previously obtained or as referred to in Section 5.13, below, do not require the consent or approval, material to the transactions contemplated by this Agreement and the other Loan Documents, of any governmental body, agency
or authority. 
 5.3 Due Authorization – Guarantors. Execution, delivery and performance of the Guaranty and the other Loan
Documents, in each case when executed and delivered, to which such Guarantor is a party, are within the corporate powers of each such Guarantor, have been duly authorized, are not in contravention of any law applicable to such Guarantor or the terms
of such Guarantor’s organizational documents, and, except as have been previously obtained (or as referred to in Section 5.13 below), do not require the consent or approval, material to the transactions contemplated by this Agreement and
the other Loan Documents, of any governmental body, agency or authority not previously obtained. 
 5.4 Good Title, No Liens. The
property described in Schedule 5.4 hereof constitutes all of the real property owned or leased, respectively, by Borrower and its Subsidiaries on the Effective Date. Each of the Loan Parties has good and marketable title to or a valid leasehold
interest in all of their respective material assets, subject to the exceptions stated in the next sentence and except for such defects in title as would not, individually or in the aggregate, have a Material Adverse Effect. There are no security
interests in, liens, mortgages, or other encumbrances on and no financing statements on file with respect to any of the assets owned by any Loan Party, except for other Liens permitted pursuant to Section 7.2. 
 5.5 Taxes. Except as set forth on Schedule 5.5 hereof, each of the Loan Parties has filed on or before their respective due dates or within the
applicable grace periods, all federal, state and foreign tax returns which are required to be filed or has obtained extensions for filing such tax returns and is not delinquent in filing such returns in accordance with such extensions and has paid
all material taxes which have become due pursuant to those returns or pursuant to any assessments received by any such party, as the case may be, to the extent such taxes have become due, except to the extent such tax payments are being actively
contested in good faith by appropriate proceedings and with respect to which adequate provision has been made on the books of such Loan Party or such other Subsidiary as may be required by GAAP. 
 5.6 No Defaults. There exists no material default under the provisions of any instrument evidencing any outstanding indebtedness for borrowed
money of any Loan Party or of any agreement relating thereto. 
 5.7 Enforceability of Agreement and Loan Documents – Borrowers.
This Agreement and each of the other Loan Documents to which each of the Borrowers is a party, have each been duly executed and delivered by its duly Responsible Officers and constitute the valid and binding obligations of each Borrower, enforceable
against Borrowers in accordance with their respective terms, except as enforcement thereof may be limited by applicable bankruptcy, reorganization, insolvency, fraudulent conveyance, moratorium or similar laws affecting the enforcement of
creditor’s rights, generally and by general principles of equity (regardless of whether enforcement is considered in a proceeding in law or equity). 
  

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 5.8 Enforceability of Loan Documents – Guarantors. The Loan Documents, to which each of the
Guarantors is a party, have each been (or, when executed and delivered, will be) duly executed and delivered by the duly authorized officers or members or managers, as the case may be, of each such Guarantor and constitute (or will constitute, when
executed and delivered) the valid and binding obligations of each such Guarantor, enforceable in accordance with their respective terms, except as enforcement thereof may be limited by applicable bankruptcy, reorganization, insolvency, fraudulent
conveyance, moratorium or similar laws affecting the enforcement of creditor’s rights, generally and by general principles of equity (regardless of whether enforcement is considered in a proceeding in law or equity). 
 5.9 Compliance with Laws; Licenses. Except as set forth on Schedule 5.9 hereof, each of the Loan Parties, and each of their respective
Subsidiaries has complied in all material respects with all applicable federal, state and local laws, ordinances, codes, rules, regulations and guidelines (including consent decrees and administrative orders) including but not limited to the IGRA
and Hazardous Material Laws, except where the failure to do so would not have a Material Adverse Effect. Each Loan Party has all permits, licenses and other authorizations which are required with respect to the operation of their businesses and is
in material compliance with such permits, licenses and authorizations 
 5.10 Non-contravention – Borrower. The execution,
delivery and performance of this Agreement and the other Loan Documents to which Borrowers is a party are not in contravention of the material terms of any indenture, agreement or undertaking to which any Borrower is a party or by which they or
their properties are bound or affected. 
 5.11 Non-contravention – Guarantors. The execution, delivery and performance of those
Loan Documents signed by the Guarantors are not (or, when executed and delivered, will not be) in contravention of the material terms of any indenture, agreement or undertaking to which any such Guarantor is a party or by which it or its properties
are bound or affected. 
 5.12 No Litigation. Except as set forth on Schedule 5.12 hereof, there is no suit, action, proceeding,
including, without limitation, any bankruptcy proceeding, or governmental investigation pending against or to the knowledge of Borrowers, threatened against any Loan Party (other than any suit, action or proceeding in which such Loan Party is the
plaintiff and in which no counterclaim or cross-claim against such Loan Party has been filed) where such suit, action, proceeding or investigation could reasonably be expected to have a Material Adverse Effect. Except as set forth on Schedule 5.12,
there is not outstanding against any Loan Party any judgment, decree, injunction, rule, or order of any court, government, department, commission, agency, instrumentality or arbitrator nor is any Loan Party in violation of any applicable law,
regulation, ordinance, order, injunction, decree or requirement of any governmental body or court where such matters would reasonably be expected to have a Material Adverse Effect. 
 5.13 Consents, Approvals and Filings, Etc. Except as set forth on Schedule 5.13 hereof, no authorization, consent, approval, license,
qualification or formal exemption from, nor any filing, declaration or registration with, any court, governmental agency or regulatory authority, including the NIGC or any securities exchange or any other person or party (whether or not
governmental) is required in connection with the execution, delivery and performance: (a) by any of the Loan Parties, of this Agreement, any of the other Loan Documents to which they are a 

  

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party, or any other documents or instruments to be executed and or delivered by any such Loan Parties in connection therewith or herewith; or (b) by any
Loan Party, of the liens, pledges, security interests or other encumbrances granted, conveyed or otherwise established (or to be granted, conveyed or otherwise established) by or under this Agreement or the other Loan Documents, except for
(i) such matters which have been previously obtained, (ii) the consents of landlords with respect to properties leased by Borrowers or their Subsidiaries, and (iii) such filings to be made concurrently herewith as are required by the
Collateral Documents to perfect liens in favor of the Agent. All such material authorizations, consents, approvals, licenses, qualifications, exemptions, filings, declarations and registrations which have previously been obtained or made, as the
case may be, are in full force and effect and are not the subject of any attack, or to the knowledge of Borrowers threatened attack (in any material respect) by appeal or direct proceeding or otherwise. 
 5.14 Agreements Affecting Financial Condition. As of the Effective Date, none of the Loan Parties is party to any agreement or instrument or
subject to any charter or other corporate restriction which could reasonably be expected to have a Material Adverse Effect. 
 5.15 No
Investment Company or Margin Stock. None of the Loan Parties is an “investment company” within the meaning of the Investment Company Act of 1940, as amended. None of the Loan Parties is engaged principally, or as one of its important
activities, directly or indirectly, in the business of extending credit for the purpose of purchasing or carrying margin stock. None of the proceeds of any of the Advances will be used by any Loan Party to purchase or carry margin stock or will be
made available by any Loan Party in any manner to any other Person to enable or assist such Person in purchasing or carrying margin stock. Terms for which meanings are provided in Regulation U of the Board of Governors of the Federal Reserve System
or any regulations substituted therefor, as from time to time in effect, are used in this paragraph with such meanings. 
 5.16 ERISA.
None of the Loan Parties maintains or contributes to any Pension Plan subject to Title IV of ERISA, except as set forth on Schedule 5.16 hereto; and there is no accumulated funding deficiency within the meaning of ERISA, or any outstanding liability
with respect to any of the Pension Plans owed to the PBGC or any successor thereto other than future premiums due and owing pursuant to Section 4006 of ERISA, and no “reportable event” as defined in ERISA has occurred with respect to
any Pension Plan other than an event for which the notice requirement has been waived by the PBGC. None of the Loan Parties have engaged in a transaction with respect to any Pension Plan, other than a transaction for which an exemption is available
and has been obtained, which could subject Borrowers to a tax or penalty imposed by Section 4975 of the Code or Section 502(i) of ERISA in an amount that would be material. All Pension Plans are in material compliance with the requirements
of the Internal Revenue Code and ERISA. 
 5.17 Conditions Affecting Business or Properties. As of the Effective Date, neither the
respective businesses nor the properties of any Loan Party is affected by any fire, explosion, accident, strike, lockout or other dispute, drought, storm, hail, earthquake, embargo, Act of God, or other casualty (not covered by insurance) which
could reasonably be expected to have a 

  

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Material Adverse Effect, or if such event or condition were to continue for more than ten (10) additional days could reasonably be expected to have a
Material Adverse Effect. 
 5.18 Environmental and Safety Matters. Except to the extent not reasonably expected to have a Material
Adverse Effect and as set forth in Schedule 5.9, 5.12 and 5.18: 
 (a) Each Loan Party has all permits, licenses and other
authorizations which are required with respect to the operation of their businesses under the Hazardous Material Laws and is in material compliance with such permits, licenses and authorizations. 
 (b) All facilities and property owned or leased by the Loan Parties are in material compliance with all Hazardous Material Laws;

 (c) To the knowledge of Borrowers, there have been no material unresolved and outstanding past, and there are no material
pending or threatened; 
 (i) written claims, complaints, notices or requests for information received by any Loan Party with
respect to any alleged violation of any Hazardous Material Law; or 
 (ii) written complaints, notices or inquiries to any
Loan Party regarding potential liability of the Loan Parties or any of their respective subsidiaries under any Hazardous Material Law; and 
 (d) To the knowledge of Borrowers no conditions exist at, on or under any property now or previously owned or leased by the Loan Parties which, with the passage of time, or the giving of notice or both, are reasonably
likely to give rise to a material liability under any Hazardous Material Law or to create a significant adverse effect on the value of the property. 
 5.19 Subsidiaries. Except as disclosed on Schedule 5.19 hereto (as updated in writing from time to time), Borrowers have no Subsidiaries. 
 5.20 Accuracy of Information. The audited financial statements dated as of September 30, 2006 and the unaudited financial statements dated as
of December 31, 2006 furnished to Agent and the Banks prior to the date of this Agreement, fairly present in all material respects the financial condition of Borrowers and their Subsidiaries and the results of their operations for the periods
covered thereby, and were prepared in accordance with GAAP (subject, in the case of the unaudited statements mentioned above, to normal year-end adjustments). The projections and pro forma financial information are based upon good faith estimates
and assumptions believed by management of Borrowers to be accurate and reasonable at the time made, it being recognized by the Banks that such financial information as it relates to future events is not to be viewed as fact and that actual results
during the period or periods covered by such financial information may differ from the projected results set forth therein. 
 From the date
of the financial statements mentioned above through the Effective Date, (i) there has been no material adverse change in the financial condition of Borrowers or their Subsidiaries taken as a whole, and to the best knowledge of Borrowers as of
the Effective Date, 

  

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(ii) no Borrower, nor any of Borrowers’ Subsidiaries, has any material contingent obligations (including any liability for taxes) not disclosed by or
reserved against in the opening balance sheet to be delivered hereunder, except as set forth on Schedule 5.20 hereof, and (iii) there are no unrealized or anticipated losses from any present commitment of Borrowers, or any of their Subsidiaries
which contingent obligations and losses in the aggregate could reasonably be expected to have a Material Adverse Effect. 
 5.21
Employees; Collective Bargaining Agreements. Except as set forth in Schedule 5.21, (i) none of Borrowers’ employees are represented by any union or covered by any collective bargaining agreements, (ii) there have not been any
labor disputes, any work stoppages, pickets or work slow-downs due to labor disagreements in the past five years, (iii) there are and have been no violations of any local, state, or federal laws respecting the employment of any employees,
including the National Labor Relations Act, the Fair Labor Standards Act, the Americans with Disabilities Act, wage-payment laws, laws prohibiting employment discrimination, and laws addressing workplace safety and health, (iv) there is and has
been no unfair labor practice, charge or complaint pending or threatened before the National Labor Relations Board, (v) there is no labor strike, dispute, grievance, request for representation, slowdown or stoppage actually pending or, to the
knowledge of Borrowers threatened, (vi) all employment-related books and records have been prepared in the ordinary course of business, and (vii) Borrowers are in compliance with all contracts of or respecting employment. 
 5.22 Solvency. After giving effect to the consummation of the transactions contemplated by this Agreement, Borrowers will be solvent, able to pay
their indebtedness as it matures and will have capital sufficient to carry on its business and any other business in which it is about to engage. This Agreement is being executed and delivered by Borrowers to Agent and the Banks in good faith and in
exchange for fair, equivalent consideration. Borrowers do not intend to nor does management believe Borrowers will incur debts beyond its ability to pay as they mature. Borrowers do not contemplate filing a petition in bankruptcy or for an
arrangement or reorganization under the Bankruptcy Code or any similar law of any jurisdiction now or hereafter in effect relating to Borrowers nor do Borrowers have any knowledge of any threatened bankruptcy or insolvency proceedings against
Borrowers. 
 5.23 Franchises, Patents, Copyrights, Tradenames, etc. The Loan Parties possess all franchises, patents, copyrights,
trademarks, trade names, service marks, licenses and permits, and rights in respect of the foregoing, adequate for the conduct of its business substantially as now conducted without known conflict with any rights of others. Schedule 5.23 contains a
true and accurate list of all trade names, trade styles, and any and all other names used by any Loan Party (including Borrowers) during the five year period ending as of the Effective Date. 
 5.24 Insurance. The Borrowers and their Subsidiaries are insured by financially sound and reputable insurers and such insurance is in such
amounts and covering such risks and liabilities (and with such deductibles, retentions and exclusions) and/or has adequately reserved for claims and liabilities not insured, all in accordance with normal and prudent industry practice. 
 5.25 Patriot Act. To the extent applicable, the Borrowers and each Subsidiary of the Borrowers is in compliance, in all material respects, with
the (i) Trading with the Enemy Act, as amended, and each of the foreign assets control regulations of the United States Treasury 

  

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Department (31 CFR, Subtitle B, Chapter V, as amended) and any other enabling legislation or executive order relating thereto, and (ii) Uniting and
Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism (USA Patriot Act of 2001) (the “Patriot Act”). No part of the proceeds of any Advance 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. 
  

	6.	AFFIRMATIVE COVENANTS 

 Each Borrower covenants and agrees
that it will, and, as applicable, it will cause each of their respective Subsidiaries and each Loan Party to, until termination of the Revolving Credit Commitment and thereafter until expiration of all Letters of Credit and final payment in full of
the Indebtedness and the performance by each Borrower of all other obligations under this Agreement and the other Loan Documents: 
 6.1
Financial Statements. Furnish, or cause to be furnished, to the Agent with sufficient copies for each Bank: 
 (a) as
soon as available, but in any event within ninety (90) days after the end of each fiscal year of MGI, a copy of the audited Consolidated and Consolidating financial statements of MGI and its Subsidiaries as at the end of such year and the
related audited Consolidated and Consolidating statements of income, stockholders equity, and cash flows for such year or partial year and underlying assumptions setting forth in each case in comparative form the figures for the previous year, in
each certified as being fairly stated in all material respects by an independent, nationally recognized certified public accounting firm reasonably satisfactory to the Agent; 
 (b) as soon as available, but in any event not later than forty-five (45) days after the end of each fiscal quarter of MGI,
commencing with the first full fiscal quarter ending after the Effective Date, MGI prepared unaudited Consolidated and Consolidating balance sheets of MGI and its Subsidiaries as at the end of such fiscal period and the related unaudited statements
of income and cash flows of MGI and its Subsidiaries for the portion of the fiscal year through the end of such fiscal quarter, setting forth in each case in comparative form the figures for the corresponding periods in the previous year, certified
by a Responsible Officer as being fairly stated in all material respects and attaching a schedule of outstanding Funded Debt (other than Indebtedness) of MGI and its Subsidiaries describing in reasonable detail for each debt issue or loan
outstanding the principal amount and amount of accrued interest with respect to each such debt issue or loan; and 
 (c) as
soon as available, but in any event not later than forty-five (45) days after the end of each month during any Monthly Reporting Period, (i) MGI prepared unaudited Consolidated and Consolidating balance sheets of MGI and its Subsidiaries
as at the end of such month and the related unaudited statements of income and cash flows of MGI and its Subsidiaries for such month and the portion of the fiscal year through the end of such month, and (ii) an average daily hold report for
such month on a per casino basis for the Oklahoma market, in each case certified by a Responsible Officer as being fairly stated in all material respects; 
  

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 All such financial statements to be complete and correct in all material respects and to be prepared in reasonable detail
and in accordance with GAAP consistently applied throughout the periods reflected therein and with prior periods (except as approved by such officer and disclosed therein), provided however that the financial statements delivered pursuant to clause
(b) hereof will not be required to include footnotes and will be subject to year-end adjustments. 
 6.2 Certificates; Other
Information. Furnish, or cause to be furnished, to the Agent with sufficient copies for each Bank: 
 (a) Within
forty-five (45) days after and as the end of each fiscal quarter, a Covenant Compliance Report; 
 (b) Not later than
thirty (30) days after the end of each fiscal year beginning with the current fiscal year, MGI shall prepare and deliver to the Agent and the Banks projections of MGI and its Subsidiaries for the next succeeding fiscal year (on a month to month
basis), including a balance sheet as at the end of each relevant period and income statements and statements of cash flows for each relevant period and for the period commencing at the beginning of the fiscal year and ending on the last day of such
relevant period; 
 (c) as soon as available, but in any event within ninety (90) days after the end of each fiscal year
of MGI, a financial report breaking down revenues by customer and geographic area for such fiscal year; and 
 (d) As soon as
available, but in any event not later than forty-five (45) days after the end of each fiscal quarter of Borrowers, a listing of all applications or registrations made or filed by any Loan Party in respect of any Intellectual Property Collateral
and the status of outstanding applications or registrations, as well as any material change in the Intellectual Property Collateral, including but not limited to any subsequent ownership right of any Loan Party in or to any Intellectual Property
Collateral not specified in the Schedule E to the Security Agreement, certified by a Responsible Officer as being fairly stated in all material respects; 
 Borrowers shall furnish to Agent from time to time, such additional schedules, certificates and reports respecting all or any of the Collateral, the items or amounts received by Borrowers in full or partial payment thereof, and any goods
(the sale or lease of which shall have given rise to any of the Collateral) possession of which has been obtained by Borrowers, all to such extent as Agent may reasonably request. Any such schedule, certificate or report shall be certified as
accurate by duly authorized officer of Borrowers and shall be in such form and detail as Agent may reasonably specify. 
 6.3 Payment of
Obligations. Pay, discharge or otherwise satisfy at or before maturity or before they become delinquent, as the case may be, all obligations of whatever nature, except where the amount or validity thereof is currently being contested in good
faith by appropriate proceedings and reserves in conformity with GAAP with respect thereto have been provided on the books of the relevant Borrower or where the failure to do so would not reasonably be expected to have a Material Adverse Effect.

  

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 6.4 Conduct of Business and Maintenance of Existence; Compliance with Laws. 
 (a) Continue to engage in the business as substantially now conducted by each Borrower and its Subsidiaries and businesses related thereto
and not acquire any material operating or other assets, other than shares of stock or membership or other equity interest in its Subsidiaries; and preserve, renew and keep in full force and effect its existence, except as otherwise permitted
pursuant to Section 7.5; 
 (b) take all reasonable action it deems necessary in its reasonable business judgment to
maintain all rights, privileges and franchises necessary in the normal conduct of its business except as otherwise permitted pursuant to Section 7.5 or where the failure to so maintain would not reasonably be expected to have a Material Adverse
Effect; and 
 (c) comply with all Contractual Obligations and Requirements of Law, except to the extent that failure to
comply therewith could not, in the aggregate, reasonably be expected to have a Material Adverse Effect. 
 6.5 Maintenance of Property;
Insurance. Keep all property useful and necessary in its business in working order (ordinary wear and tear excepted), and maintain insurance coverage on its physical assets and against other business risks in such amounts and of such types as
are customarily carried by companies similar in size and nature (including without limitation casualty and public liability and property damage insurance), and in the event of acquisition of additional property, real or personal, or of incurrence of
additional risks of any nature, increase such insurance coverage in such manner and to such extent as prudent business judgment and present practice or any applicable Requirements of Law would dictate; in the case of liability insurance policies,
naming the Agent and each Bank as additional insured; and in the case of all policies covering any Collateral, all such insurance policies shall provide that the loss payable thereunder shall be payable to a Borrower or the applicable Subsidiary,
and to the Agent (as mortgagee, or, in the case of personal property interests, lender loss payee) as their respective interests may appear, and documents satisfactory to Agent evidencing such policies, including all endorsements thereto, to be
deposited with Agent upon its request. 
 6.6 Inspection of Property; Books and Records, Discussions. Permit Agent and each Bank,
through their authorized attorneys, accountants and representatives (a) at all reasonable times during normal business hours, to examine each Borrower’s and each Subsidiary’s books, accounts, records, ledgers and assets and properties
of every kind and description wherever located; (b) at any time and from time to time, to conduct full or partial collateral audits of each Borrower and its Subsidiaries to be completed by an appraiser as may be selected by Agent, with all
reasonable costs and expenses of such audits to be reimbursed by such Borrower, provided that, so long as no Default or Event of Default has occurred and is continuing, Borrowers shall not be obligated to reimburse Agent and the Banks for more than
two audits in any calendar year and provided further that Borrowers shall be obligated to reimburse Agent and the Banks for all collateral audits performed after the occurrence and during the continuance of a Default or Event of Default; and
(c) permit Agent and each Bank or their authorized representatives, at reasonable 

  

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times and intervals, to visit all of their respective offices, discuss their respective financial matters with their respective officers and independent
certified or chartered public accountants, as applicable, and, by this provision, each Borrower authorizes such accountants to discuss the finances and affairs of a Borrower and its Subsidiaries (provided that such Borrower is given an opportunity
to participate in such discussions) and examine any of its or their books and other corporate records. 
 6.7 Notices. Promptly give
notice to the Agent of: 
 (a) the occurrence of any Default or Event of Default of which any Borrower or any Subsidiary has
knowledge; 
 (b) any (i) litigation, investigation or proceeding which may exist at any time between a Borrower or any
Subsidiary and any Governmental Authority or other third party, which in either case, if not cured or if it is reasonably likely to be adversely determined, as the case may be, would have a Material Adverse Effect or (ii) any change in the
financial condition of a Borrower or any of its Subsidiaries since the date of the last audited financial statements delivered pursuant to Section 6.1(a) hereof which could reasonably be expected to have a Material Adverse Effect; 

(c) any event which a Borrower believes could reasonably be expected to have a Material Adverse Effect; 
 (d) promptly after becoming aware of the taking by the Internal Revenue Service or any foreign taxing jurisdiction of a written tax
position (or any such tax position taken by any Borrower or any Subsidiary) which could reasonably be expected to have a Material Adverse Effect upon a Borrower or any Subsidiary setting forth the details of such position and the financial impact
thereof; 
 (e) provide prompt written notice to the Agent of (i) all jurisdictions in which each Borrower, or any of a
Borrower’s Subsidiaries becomes qualified after the Effective Date to transact business, (ii) the acquisition or creation of any new Subsidiaries, and (iii) any material change after the Effective Date in the authorized and issued
Capital Stock of Borrowers or any of Borrowers’ Subsidiaries or any other material amendment to their charter, by-laws or other organizational documents, such notice, in each case, to identify the applicable jurisdictions, capital structures or
amendments as applicable; 
 (f) any change in management by MGI that results in (i) Clifton Lind ceasing to be the chief
executive officer of MGI, or (ii) the replacement of MGI’s permanent, non-interim, chief financial officer. 
 (g)
receipt by any Loan Party of any adverse Advisory Letter, or notice of other similar regulatory action, which could reasonably be expected to have a Material Adverse Effect, together with a copy of such Advisory Letter or other notice. 

 

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 Each notice pursuant to this Section shall be accompanied by a statement of a Responsible Officer setting
forth details of the occurrence referred to therein and stating what action such Borrower has taken or proposes to take with respect thereto. 
 6.8 Hazardous Material Laws. 
 (a) Use and operate all of its facilities and properties in material
compliance with all applicable Hazardous Material Laws, keep all required material permits, approvals, certificates, licenses and other authorizations required under such Hazardous Material Laws in effect and remain in material compliance therewith,
and handle all Hazardous Materials in material compliance with all applicable Hazardous Material Laws, in each case, except where the failure to do so would not reasonably be expected to have a Material Adverse Effect; 
 (b) Promptly notify Agent and provide copies upon receipt of all written claims, complaints, notices or inquiries received by each
Borrower or any of a Borrower’s Subsidiaries of a material nature relating to its facilities and properties or compliance with Hazardous Material Laws which, if adversely determined, could reasonably be expected to have a Material Adverse
Effect and shall promptly cure and have dismissed with prejudice to the satisfaction of the Majority Banks any actions and proceedings relating to compliance with Hazardous Material Laws to which each Borrower or any of its Subsidiaries is named a
party, other than such actions or proceedings being contested in good faith and with the establishment of reasonable reserve; 
 (c) To the extent necessary to materially comply with Hazardous Material Laws, remediate or monitor contamination arising from a release or disposal of Hazardous Material; and 
 (d) Provide such information and certifications which any Bank may reasonably request from time to time to evidence compliance with this
Section 6.8. 
 Notwithstanding anything contained herein, each Borrower reserves the right to defend itself against or appeal any claim or ruling to
the full extent provided for by law. 
 6.9 Consolidated Fixed Charge Coverage Ratio. Maintain, as of the end of each fiscal quarter
and determined for the four fiscal quarters then ending, a Consolidated Fixed Charge Coverage Ratio of not less than 1.50 to 1.00. 
 6.10
Consolidated Total Leverage Ratio. Maintain, as of any date of determination, a Consolidated Total Leverage Ratio not greater than each ratio indicated below from its associated date until the next specified date: 
 (a) 2.25:1.00 as of June 30, 2007, September 30, 2007, December 31, 2007, March 31, 2008 and
June 30, 2008; and 
 (b) 1.75:1.00 as of September 30, 2008 and at all times thereafter. 
  

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 6.11 Minimum Consolidated EBITDA. Maintain, as of the end of each fiscal quarter and determined
for the twelve months then ending, Consolidated EBITDA of not less than the amount indicated below for the associated fiscal quarter end date: 
 (a) $52,000,000 as of June 30, 2007; 
 (b) $57,000,000 as of September 30, 2007;
and 
 (c) $60,000,000 as of December 31, 2007 and as of the end of each fiscal quarter thereafter. 
 6.12 Governmental and Other Approvals. Apply for, obtain and/or maintain in effect, as applicable, all material authorizations, consents,
approvals, licenses, qualifications, exemptions, filings, declarations and registrations (whether with any court, governmental agency, regulatory authority, securities exchange or otherwise) which are necessary in connection with the execution,
delivery and performance by such Loan Parties of this Agreement, the other Loan Documents, or any other documents or instruments to be executed and/or delivered by such Loan Parties in connection therewith or herewith. 
 6.13 Compliance with ERISA; ERISA Notices. 
 (a) Comply in all material respects with all applicable requirements imposed by ERISA as presently in effect or hereafter promulgated or the Internal Revenue Code, including, but not limited to, the minimum funding
requirements of any Pension Plan. 
 (b) Promptly notify Agent upon the occurrence of any of the following events: 

(i) the termination, other than a standard termination, as defined in ERISA, of any Pension Plan subject to Subtitle C of Title IV of
ERISA; 
 (ii) a Borrower’s or any Subsidiary’s receipt of notice of the appointment of a trustee by a United States
District Court to administer any Pension Plan subject to Title IV of ERISA; 
 (iii) a Borrower’s or any
Subsidiary’s receipt of notice of the commencement by the Pension Benefit Guaranty Corporation, or any successor thereto, of any proceeding to terminate any Pension Plan subject to Title IV of ERISA; 
 (iv) the failure of a Borrower or any Subsidiary to make any payment in respect of any Pension Plan required under Section 412 of the
Internal Revenue Code; 
 (v) the withdrawal of a Borrower or any Subsidiary from any Multiemployer Plan if such Borrower
reasonably believes that such withdrawal would give rise to the imposition of withdrawal liability with respect thereto; or 
 (vi) the occurrence of (i) a “reportable event” as defined in ERISA and which is required to be reported by a Borrower or any Subsidiary under Section 4043 of ERISA other than any event for which the reporting
requirement has been waived by the PBGC or (ii) a 

  

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“prohibited transaction” as defined in Section 406 of ERISA or Section 4975 of the Internal Revenue Code other than a transaction for
which a statutory exemption is available or an administrative exemption has been obtained. 
 6.14 Security. Take such actions as the
Agent or the Majority Banks may from time to time reasonably request to establish and maintain first perfected security interests in and Liens on all of its Collateral, subject only to Permitted Liens and other liens permitted under Section 7.2
hereof. 
 6.15 Defense of Collateral. Defend the Collateral from any Liens other than Liens permitted by Section 7.2.

 6.16 Future Subsidiaries; Additional Collateral. 
 (a) With respect to each Person which is or becomes a domestic Subsidiary of either Borrower (directly or indirectly) after the Effective
Date, within thirty (30) days of the date when such Person becomes a Subsidiary, cause such Subsidiary to execute and deliver to the Agent, for and on behalf of each of the Banks (x) at the option of the Agent and the Majority Banks, a
Guaranty, or in the event that a Guaranty already exists, joinder agreement in the form attached as Exhibit “A” to the Guaranty whereby such Subsidiary becomes obligated as a Guarantor under the Guaranty, or a joinder agreement to
this Agreement whereby such Person becomes obligated as a Borrower under this Agreement and (y) a joinder agreement to the Security Agreement; 
 (b) With respect to each Person which is or becomes a foreign Subsidiary of Borrowers (directly or indirectly) after the Effective Date, within thirty (30) days of the date when the total assets of such foreign
Subsidiary exceeds of Two Hundred Thousand Dollars ($200,000), cause such foreign Subsidiary to execute and deliver to the applicable Borrower all promissory notes evidencing all Intercompany Loans from such Borrower to such foreign Subsidiary,
which such promissory notes shall be immediately assigned and delivered to Agent on behalf of the Banks; 
 (c) With respect
to the capital stock of each Person which becomes a Subsidiary subsequent to the Effective Date, (i) in the case of any domestic Subsidiary, within thirty (30) days of the date such Person becomes a domestic Subsidiary, the applicable
Borrower or the applicable Subsidiary shall execute, or cause to be executed, and deliver to the Agent a Security Agreement, or any amendment to the Security Agreement as applicable, encumbering all of the Capital Stock of such Subsidiary to secure
the Indebtedness of Borrowers; and (ii) in the case of any foreign Subsidiary, within thirty (30) days of the date when the total assets of such foreign Subsidiary exceeds of Two Hundred Thousand Dollars ($200,000), the applicable Borrower
or the applicable Subsidiary shall execute, or cause to be executed, and deliver to the Agent a Security Agreement, or any amendment to the Security Agreement as applicable, encumbering 65% of the Capital Stock of such Subsidiary, to secure the
Indebtedness; and 
 (d) With respect to real property located in the United States owned by any Loan Party after the
Effective Date, provided such Loan Party has at least Two Hundred Thousand Dollars ($200,000) of equity in such real property, not later than sixty (60) days after 

  

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such property is acquired, the applicable Loan Party shall execute or cause to be executed (unless waived by the Majority Banks) a first priority Mortgage
covering such property, together with such real estate documentation as required by Agent provided, however, if any real property acquired after the Effective Date is seller financed, Agent shall have a second – priority position with respect
to such real property; 
 in each case in form satisfactory to the Agent and the Majority Banks, in their reasonable discretion, together with
such supporting documentation, including without limitation corporate authority items, certificates and opinions of counsel, as reasonably required by the Agent, Borrowers shall take, or cause to be taken, such steps as are necessary or advisable
under applicable law to perfect the liens granted under this Section 6.16. 
 6.17 Use of Proceeds. Use all Advances of the
Revolving Credit as set forth in Section 2.15 hereof. Borrowers shall not use any portion of the proceeds of any such advances for the purpose of purchasing or carrying any “margin stock” (as defined in Regulation U of the Board of
Governors of the Federal Reserve System) in any manner which violates the provisions of Regulation T, U or X of said Board of Governors or for any other purpose in violation of any applicable statute or regulation. 
 6.18 Further Assurances. Execute and deliver or cause to be executed and delivered to Agent within a reasonable time following Agent’s
request, and at Borrowers’ expense, such other documents or instruments as Agent may reasonably require to effectuate more fully the purposes of this Agreement or the other Loan Documents. 
  

	7.	NEGATIVE COVENANTS 

 Each Borrower covenants and agrees
that, until termination of the Revolving Credit Commitment and thereafter until expiration of all Letters of Credit and final payment in full of the Indebtedness and the performance by each Borrower of all other obligations under this Agreement and
the other Loan Documents, it will not, and will not permit any of their respective Subsidiaries or any Loan Party, to: 
 7.1 Limitation
on Debt. Create, incur, assume or suffer to exist any Debt, except: 
 (a) Indebtedness under this Agreement and the other
Loan Documents; 
 (b) Debt of a Borrower or any Subsidiary, excluding Debt otherwise permitted under this Section 7.1,
incurred to finance the acquisition of fixed or capital assets (whether pursuant to a loan or a Capitalized Lease), provided that both at the time of and immediately after giving effect to the incurrence thereof and the retirement of any
Indebtedness which is concurrently being retired, no Default or Event of Default shall have occurred and be continuing and provided further that the aggregate outstanding amount of Debt incurred pursuant to this Section 7.1(b) shall at no time
exceed Five Hundred Thousand Dollars ($500,000), exclusive of Indebtedness of such type specifically identified on Schedule 7.1(j) hereto; 
 (c) Guarantee Obligations permitted under Section 7.3; 
  

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 (d) current unsecured trade, utility or nonextraordinary accounts payable (including
without limitation, operating leases and short term Debt owed to vendors) arising in the ordinary course of a Borrower’s or its Subsidiaries’ businesses; 
 (e) Debt in respect of taxes, assessments or governmental charges to the extent that payment thereof shall not at the time be required to
be made in accordance with Section 7.3; 
 (f) Intercompany Loans; 
 (g) Debt secured by Permitted Liens; 
 (h) Debt of a Subsidiary existing at the time such subsidiary is acquired by a Borrower or any Subsidiary in an acquisition permitted under Section 7.4 hereof; 
 (i) Other liabilities which do not constitute Funded Debt and which are incurred and paid by a Borrower and its Subsidiaries in the
ordinary course of their businesses; 
 (j) Debt listed on Schedule 7.1(j) hereof. 
 7.2 Limitation on Liens. Create, incur, assume or suffer to exist any Lien upon any of its property, assets or revenues, whether now owned or
hereafter acquired, except for: 
 (a) Permitted Liens; 
 (b) Liens securing Debt permitted by Section 7.1(b), provided that (i) such Liens shall be created substantially simultaneously
with the acquisition of such fixed or capital asset, (ii) such Liens do not at any time encumber any property other than the property, equipment or improvements financed by such Debt, and (iii) the principal amount of Debt secured by any
such Lien shall at no time exceed 100% of the original purchase price of such property, Inventory, equipment or improvements and related costs and charges imposed by the vendors thereof; 
 (c) Liens in favor of Agent, as security for the Indebtedness; 
 (d) Liens arising from precautionary UCC financing statements regarding operating leases; 
 (e) Liens granted to banks or other financial institutions in the ordinary course of business in connection with, and which solely
encumber, deposit, disbursement or concentration accounts (other than in connection with borrowed money) maintained with such banks or financial institutions on funds and other items in such accounts; 
 (f) Liens of landlords or mortgagees of landlords on fixtures; and 
 (g) Liens existing on the Effective Date and described on Schedule 7.2(g) hereof. 
  

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 7.3 Limitation on Guarantee Obligations. Create, incur, assume or suffer to exist any Guarantee
Obligation except: (a) those existing on the date hereof and listed on Schedule 7.3, (b) the Guaranty, and (c) Guarantee Obligations by any Loan Party in respect of Debt or other obligations incurred by a Borrower or any other
Guarantor, as the case may be, in compliance with this Agreement. 
 7.4 Acquisitions. Purchase or otherwise acquire or become
obligated for the purchase of all or substantially all or any material portion of the assets or business interests of any Person, firm or corporation, or any shares of stock (or other ownership interests) of any corporation, trusteeship or
association, or any business or going concern, or in any other manner effectuate or attempt to effectuate an expansion of present business by acquisition, other than Permitted Acquisitions. 
 7.5 Limitation on Mergers, other Fundamental Changes or Sale of Assets. Enter into any merger or consolidation or convey, sell, lease, assign,
transfer or otherwise dispose of any of its property, business or assets (including, without limitation, receivables and leasehold interests), whether now owned or hereafter acquired or make (other than as expressly permitted by this Agreement) any
material change in its capital structure or present method of conducting business, except: 
 (a) inventory leased or sold in
the ordinary course of business; 
 (b) obsolete or worn out property or equipment, or property or equipment no longer useful
in the conduct of a Borrower’s or any Subsidiary’s business; 
 (c) mergers or consolidations of a Subsidiary with
or into any Borrower or any Guarantor (so long such as Borrower or such Guarantor shall be the continuing or surviving entity); provided that at the time of each such merger or consolidation, both before and after giving effect thereto, no Default
or Event of Default shall have occurred and be continuing; 
 (d) sales or transfers, including upon voluntary liquidation
(other than sales or transfers of stock or other ownership interests) from any Subsidiary to any Borrower; 
 (e) provided
that no Default or Event of Default has occurred and is continuing at the time of each such sale (both before and after giving effect to such Asset Sale), (i) Asset Sales in aggregate amount during any fiscal year not in excess of Ten Million
Dollars ($10,000,000) and in which the sales price is at least the fair market value of the assets sold and the consideration received is cash or cash equivalents; and (ii) other Asset Sales approved by the Majority Banks. 
 (f) the sale or disposition of Permitted Investments and other cash equivalents in the ordinary course of business; 
 (g) dispositions of owned or leased vehicles in the ordinary course of business; and 
  

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 (h) mergers between any Person into any Borrower or any Subsidiary, provided such
Borrower or such Subsidiary is the surviving entity and provided further no Event of Default exists or would result therefrom. 
 7.6
Restricted Payments. Declare or make, or permit Subsidiary to declare or make, any distributions, dividend, payment or other distribution of assets, properties, cash, rights, obligations or securities (collectively, “Distributions”)
on account of any of its Capital Stock, as applicable, or purchase, redeem or otherwise acquire for value any Capital Stock, or any warrants, rights or options to acquire such Capital Stock, now or hereafter outstanding (collectively,
“Purchases”), except for, so long as no Event of Default exists or will arise upon giving effect thereto: 
 (a)
dividends payable by Subsidiaries of Borrowers to Borrowers or other Subsidiaries of Borrowers; 
 (b) redemptions of shares
of MGI capital stock for an aggregate amount not to exceed the sum of the following: 
 (i) $15,000,000 at any time within 60
days of the date of this Agreement 
 (ii) $10,000,000 at any time thereafter, commencing fifteen (15) days after
submission to Agent of the following: 
 (1) the financial statements required by Section 6.1(b) above for the period
ending March 31, 2007, together with a Covenant Compliance Report for such period evidencing (a) Borrowers’ compliance with the financial covenants contained in Sections 6.9, 6.10 and 6.11 of this Agreement, and (b) Consolidated
Net Income for such quarter of not less than ($2,500,000); and 
 (2) the financial statements required by
Section 6.1(b) above prepared on a projected basis, assuming that the proposed redemption had been effected as of the first fiscal quarter ending on or after the date of such redemption accompanied by a Covenant Compliance Certificate
evidencing Borrowers’ compliance with the financial covenant contained in Section 6.10 of this Agreement on a projected basis at such date, except that for this purpose the Consolidated Total Leverage Ratio shall be measured at not greater
than 1.50:1.00 at that date; and 
 (iii) any amount during any Unrestricted Fiscal Quarter thereafter, commencing fifteen
(15) days after submission to Agent of the following: 
 (1) the financial statements required by Section 6.1(b)
above for the period ending June 30, 2007, together with a Covenant Compliance Report for such period evidencing (a) Borrowers’ compliance with the financial covenants contained in Sections 6.9, 6.10 and 6.11 of this Agreement; and

  

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 (2) the financial statements required by Section 6.1(b) above prepared on a
projected basis, assuming that the proposed redemption had been effected as of the first fiscal quarter ending on or after the date of such redemption accompanied by a Covenant Compliance Certificate evidencing Borrowers’ compliance with the
financial covenant contained in Section 6.10 of this Agreement on a projected basis at such date, except that for this purpose the Consolidated Total Leverage Ratio shall be measured at not greater than 1.50:1.00 at that date. 
 7.7 Limitation on Capital Expenditures. Make or commit to make (by way of the acquisition of securities of a Person or otherwise) any Capital
Expenditures except Capital Expenditures, the amount of which shall not exceed $60,000,000 for the fiscal year ending September 30, 2007, $60,000,000 for the fiscal year ending September 30, 2008 $50,000,000 for the fiscal year ending
September 30, 2009, and $40,000,000 for the fiscal year ending September 30, 2010. 
 7.8 Limitation on Investments, Loans and
Advances. Make or allow to remain outstanding any Investment (whether such investment shall be of the character of investment in shares of stock, evidences of indebtedness or other securities or otherwise) in, or any loans or advances to, any
Person, firm, corporation or other entity or association, other than: 
 (a) Permitted Investments; 
 (b) Investments existing on the Effective Date and listed on Schedule 7.8(b) hereof; 
 (c) extensions of trade credit in the ordinary course of business; 
 (d) Investments in respect of Hedging Transactions; 
 (e) Investments received in connection with the bankruptcy or reorganization of, or settlement of delinquent accounts and disputes with,
customers and suppliers, in each case in the ordinary course of business; 
 (f) loans and advances to employees, officers and
directors of any Loan Party in connection with equity incentive arrangements after the Effective Date, provided that the proceeds of such loans and advances are paid to Borrowers or any Guarantor, as applicable, in connection with such equity
incentive arrangements; and provided further that both at the time of and immediately after giving effect to any such Investment, (i) no Default or Event of Default shall have occurred and be continuing and (ii) the aggregate amount of
such Investments shall not exceed Five Hundred Thousand Dollars ($500,000) at any one time outstanding; 
 (g) Investments
constituting deposits made in connection with the purchase of goods or services in the ordinary course of business in an aggregate amount for such deposits not to exceed Five Hundred Thousand Dollars ($500,000) at any one time outstanding;

  

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 (h) Investments in respect of Development Agreements, provided that both at the time of
and immediately after giving effect to any such Investment, no Default or Event of Default shall have occurred and be continuing; and 
 (i) other Investments not described above provided that both at the time of and immediately after giving effect to any such Investment (i) no Default or Event of Default shall have occurred and be continuing and
(ii) the aggregate amount of all such Investments shall not exceed One Hundred Thousand Dollars ($100,000) at any one time outstanding. 
 In valuing any Investments for the purpose of applying the limitations set forth in this Section 7.8 (except as otherwise expressly provided herein), such Investment shall be taken at the original cost thereof, without allowance for
any subsequent write-offs or appreciation or depreciation, but less any amount repaid or recovered on account of capital or principal. 
 7.9
Transactions with Affiliates. Except as set forth in Schedule 7.9, enter into any transaction, including, without limitation, any purchase, sale, lease or exchange of property or the rendering of any service, with any Affiliates (other than
Loan Parties) of any Borrower or any Subsidiary except (a) transactions as between Subsidiaries or otherwise permitted under this Agreement; and (b) transactions in the ordinary course of such Borrower’s or such Subsidiaries’
business and upon fair and reasonable terms no less favorable to such Borrower or such Subsidiary than it would obtain in a comparable arms length transaction from unrelated third parties. 
 7.10 Sale and Leaseback. Enter into any arrangement with any Person providing for the leasing by any Borrower or any Subsidiary of real or
personal property which has been or is to be sold or transferred by such Borrower or such Subsidiary to such Person or to any other Person to whom funds have been or are to be advanced by such Person on the security of such property or rental
obligations of such Borrower or such Subsidiary, as the case may be. 
 7.11 Limitation on Negative Pledge Clauses. Enter into, or
allow to exist, any agreement, document or instrument which would (i) restrict or prevent Borrowers or any of their Subsidiaries from granting Agent, on behalf of Banks, Liens upon, security interests in and pledges of their respective assets
which are senior in priority to all other Liens, or (ii) enter into any agreement, contract or arrangement (excluding this Agreement and the other Loan Documents) restricting the ability of any Subsidiary of Borrowers to pay or make dividends
or distributions in cash or kind to such Borrower or any other Loan Party, to make loans, advances or other payments of whatever nature to a Borrower or any of a Borrower’s Subsidiaries, or to make transfers or distributions of all or any part
of its assets to such Borrower or any of its Subsidiaries. 
 7.12 Prepayment of Debts. Prepay, purchase, redeem or defease any Debt
for money borrowed or any capital leases, provided, however that Borrowers may make, subject to the terms hereof, prepayments of the Indebtedness. 
 7.13 Modification of Certain Agreements. Make, permit or consent to any amendment or other modification to the constitutional documents of any of the Loan Parties, except to the extent that any such amendment or modification
(i) does not violate the terms and conditions of this Agreement or any of the other Loan Documents, (ii) does not materially adversely affect the 

  

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interest of the Banks as creditors under this Agreement, the other Loan Documents or any other document or instrument delivered in connection therewith in
any respect and (iii) could not reasonably be expected to have a Material Adverse Effect. 
 7.14 Fiscal Year. Permit the fiscal
year of Borrowers and the Subsidiaries to end on a day other than September 30. 
  

	8.	DEFAULTS 

 8.1 Events of Default. The occurrence of
any of the following events shall constitute an Event of Default hereunder: 
 (a) non-payment when due of (i) the
principal or interest on the Indebtedness under the Revolving Credit (including the Swing Line), (ii) any Reimbursement Obligation, or (iii) any Fees or interest payments and continuance thereof for five (5) Business Days. 

(b) non-payment of any money by Borrowers under this Agreement or by any Loan Party under any of the other Loan Documents to which it
is a party, other than as set forth in subsection (a) above, within five (5) Business Days after notice from Agent that the same is due and payable; 
 (c) default in the observance or performance of any of the conditions, covenants or agreements of Borrowers set forth in Sections 6.1,
6.2, 6.4(a), 6.5, 6.6, 6.7, 6.9 through 6.11, and 6.17, 6.18 or Article 7; 
 (d) default in the observance or performance of
any of the other conditions, covenants or agreements set forth in this Agreement or any of the other Loan Documents by any Loan Party and continuance thereof for a period of thirty (30) consecutive days after the earlier of Borrowers’
actual knowledge thereof or Bank’s written notice to Borrower thereof; 
 (e) any representation or warranty made by any
Loan Party herein or in any instrument submitted pursuant hereto proves untrue or misleading in any material adverse respect when made; 
 (f) (i) default in the payment of any indebtedness for borrowed money (other than Indebtedness hereunder) of any Loan Party in excess of One Million Dollars ($1,000,000) (or the equivalent thereof in any currency
other than Dollars) individually or in the aggregate when due and continuance thereof beyond any applicable period of cure and or (ii) failure to comply with the terms of any other obligation of the any Loan Party with respect to any
indebtedness for borrowed money (other than Indebtedness hereunder) in excess of One Million Dollars ($1,000,000) (or the equivalent thereof in any currency other than Dollars) individually or in the aggregate, which continues beyond any applicable
period of cure and which would permit the holder or holders thereto to accelerate such other indebtedness for borrowed money or terminate any commitment, or (iii) as a consequence of the occurrence or continuation of any event or condition
(other than the passage of time on the right of the holder of Debt to convert such indebtedness for borrowed money into Capital Stock), (x) any Loan Party is or has become obligated to purchase or repay such Debt before its regular maturity or
before its regularly 

  

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scheduled dates of payment in an aggregate outstanding principal amount of at least One Million Dollars ($1,000,000) or (y) one or more Persons have the
right to require any Loan Party so to purchase or repay such Debt; 
 (g) the rendering of any judgment(s) for the payment of
money in excess of the sum of One Million Dollars ($1,000,000) (or the equivalent thereof in any currency other than Dollars) individually or in the aggregate against any Loan Party, and such judgments shall remain unpaid, unvacated, unbonded or
unstayed by appeal or otherwise for a period in excess of the period during which such Loan Party is entitled to appeal such judgment (pursuant to the laws and court rules applicable in the jurisdiction in which such judgment is recorded), except as
covered by adequate insurance with a reputable carrier as to which the relevant insurance company has acknowledged coverage; 
 (h) the occurrence of (i) a “reportable event”, as defined in ERISA, which is determined to constitute grounds for a distress termination by the PBGC of any Pension Plan subject to Title IV of ERISA maintained or contributed
to by or on behalf of any Loan Party for the benefit of any of its employees or for the appointment by the appropriate United States District Court of a trustee to administer such Pension Plan and such reportable event is not corrected and such
determination is not revoked within sixty (60) days after notice thereof has been given to the plan administrator of such Pension Plan (without limiting any of Agent’s or any Bank’s other rights or remedies hereunder), or
(ii) the institution of proceedings by the Pension Benefit Guaranty Corporation to terminate any such Pension Plan or (iii) the appointment of a trustee by the appropriate United States District Court to administer any such Pension Plan;

 (i) any Loan Party shall be dissolved (other than a technical dissolution of a Subsidiary which is cured within forty five
(45) days of notice thereof) or liquidated (or any judgment, order or decree therefor shall be entered); or if a creditors’ committee shall have been appointed for the business any Loan Party; or if any Loan Party shall have made a general
assignment for the benefit of creditors or shall have been adjudicated bankrupt and if not an adjudication based on a filing by any Loan Party, it shall not have been dismissed within forty five (45) days, or shall have filed a voluntary
petition in bankruptcy or for reorganization or to effect a plan or arrangement with creditors or shall fail to pay its debts generally as such debts become due in the ordinary course of business (except as contested in good faith and for which
adequate reserves are made in such party’s financial statements); or shall file an answer to a creditor’s petition or other petition filed against it, admitting the material allegations thereof for an adjudication in bankruptcy or for
reorganization; or shall have applied for or permitted the appointment of a receiver or trustee or custodian for any of its property or assets; or such receiver, trustee or custodian shall have been appointed for any of its property or assets
(otherwise than upon application or consent of any Loan Party) and shall not have been removed within forty five (45) days; or if an order shall be entered approving any petition for reorganization of any Loan Party and shall not have been
reversed or dismissed within forty five (45) days; any Loan Party shall take any action (corporate or other) authorizing or in furtherance any of the actions described above in this subsection; 
  

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 (j) any Collateral Document or the Guaranty shall at any time for any reason cease to be
valid, binding and enforceable against any Loan Party (other than in accordance with the terms thereof), as applicable, or the validity, binding effect or enforceability thereof shall be contested by any Loan Party, or any Loan Party shall deny that
it has any or further liability or obligation under any Collateral Document or the Guaranty, or any such Loan Document shall be terminated (other than in accordance with the terms thereof), invalidated, revoked or set aside or in any way cease to
give or provide to the Banks and the Agent the benefits purported to be created thereby; or 
 (k) If Borrowers or a
controlling portion of their voting stock or a substantial portion of their assets comes under the practical, beneficial or effective control of one or more Persons other than MGI. 
 8.2 Exercise of Remedies. If an Event of Default has occurred and is continuing hereunder: (a) the Agent may, and shall, upon being directed
to do so by the Majority Banks, declare the Revolving Commitments terminated; (b) the Agent may, and shall, upon being directed to do so by the Majority Banks, declare the entire unpaid principal Indebtedness, including the Notes, immediately
due and payable, without presentment, notice or demand, all of which are hereby expressly waived by Borrower; (c) upon the occurrence of any Event of Default specified in Section 8.1(i) and notwithstanding the lack of any declaration by
Agent under preceding clauses (a) or (b), the entire unpaid principal Indebtedness shall become automatically and immediately due and payable, and the Revolving Commitments shall be automatically and immediately terminated; (d) the Agent
shall, upon being directed to do so by the Majority Banks, demand immediate delivery of cash collateral, and Borrowers agree to deliver such cash collateral upon demand, in an amount equal to the maximum amount that may be available to be drawn at
any time prior to the stated expiry of all outstanding Letters of Credit; and (e) the Agent may, and shall, if directed to do so by the Majority Banks or the Banks, as applicable (subject to the terms hereof), exercise any remedy permitted by
this Agreement, the other Loan Documents or law. 
 8.3 Rights Cumulative. No delay or failure of Agent and/or Banks in exercising any
right, power or privilege hereunder shall affect such right, power or privilege, nor shall any single or partial exercise thereof preclude any further exercise thereof, or the exercise of any other power, right or privilege. The rights of Agent and
Banks under this Agreement are cumulative and not exclusive of any right or remedies which Banks would otherwise have. 
 8.4 Waiver by
Borrowers of Certain Laws. To the extent permitted by applicable law, Borrowers hereby agree to waive, and do hereby absolutely and irrevocably waive and relinquish the benefit and advantage of any valuation, stay, appraisement, extension or
redemption laws now existing or which may hereafter exist, which, but for this provision, might be applicable to any sale made under the judgment, order or decree of any court, on any claim for interest on the Notes, or any security interest or
mortgage contemplated by or granted under or in connection with this Agreement. These waivers have been voluntarily given, with full knowledge of the consequences thereof. 
 8.5 Waiver of Defaults. No Event of Default shall be waived by the Banks except in a writing signed by an officer of the Agent in accordance with
Section 12.10 hereof. No single or partial exercise of any right, power or privilege hereunder, nor any delay in the exercise thereof, 

  

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shall preclude other or further exercise of their rights by Agent or the Banks. No waiver of any Event of Default shall extend to any other or further Event
of Default. No forbearance on the part of the Agent or the Banks in enforcing any of their rights shall constitute a waiver of any of their rights. Borrowers expressly agree that this Section may not be waived or modified by the Banks or Agent by
course of performance, estoppel or otherwise. 
 8.6 Set Off. Upon the occurrence and during the continuance of any Event of Default,
each Bank may at any time and from time to time, without notice to Borrowers but subject to the provisions of Section 9.3 hereof (any requirement for such notice being expressly waived by Borrower), setoff and apply against any and all of the
obligations of Borrowers or any of them now or hereafter existing under this Agreement, whether owing to such Bank, any Affiliate of such Bank or any other Bank or the Agent, any and all deposits (general or special, time or demand, provisional or
final) at any time held and other indebtedness at any time owing by such Bank to or for the credit or the account of Borrowers and any property of Borrowers from time to time in possession of such Bank, irrespective of whether or not such deposits
held or indebtedness owing by such Bank may be contingent and unmatured and regardless of whether any Collateral then held by Agent or any Bank is adequate to cover the Indebtedness. Promptly following any such setoff, such Bank shall give written
notice to Agent and Borrowers of the occurrence thereof. Borrowers hereby grant to the Banks and the Agent a lien on and security interest in all such deposits, indebtedness and property as collateral security for the payment and performance of all
of the obligations of Borrowers under this Agreement. The rights of each Bank under this Section 8.6 are in addition to the other rights and remedies (including, without limitation, other rights of setoff) which such Bank may have. 

 

	9.	PAYMENTS, RECOVERIES AND COLLECTIONS 

 9.1 Payment
Procedure. 
 (a) Except as otherwise provided herein, all payments by Borrowers in respect of principal of, or interest
on, any Advance in Dollars under the Revolving Credit or in respect of any Letter of Credit Obligations under the Revolving Credit or Fees hereunder which are payable in Dollars shall be made without setoff or counterclaim on the date specified for
payment under this Agreement not later than 1:00 p.m. (Eastern Standard time) in Dollars in immediately available funds to Agent, for the ratable account of the Banks in the case of payments in respect of the Revolving Credit at Agent’s office
located at One Detroit Center, Detroit, Michigan 48226-3289. Upon receipt of each such payment, the Agent shall make prompt payment to each applicable Bank, or, in respect of Eurocurrency-based Advances, such Bank’s Eurocurrency Lending Office,
in like funds and currencies, of all amounts received by it for the account of such Bank. Borrowers authorize Agent to charge their general operating accounts maintained at Agent for the amount of any principal, interest or other amounts due under
this Agreement, the Notes or any other Loan Document. 
 (b) Unless the Agent shall have been notified by Borrowers prior to
the date on which any payment to be made by Borrowers is due that Borrowers do not intend to remit such payment, the Agent may, in its sole discretion and without obligation to do so, assume that Borrowers have remitted such payment when so due and
the Agent may, in reliance upon such assumption, make available to each Bank on such payment date an amount equal to such Bank’s 

  

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share of such assumed payment. If Borrowers have not in fact remitted such payment to the Agent each Bank shall forthwith on demand repay to the Agent the
amount of such assumed payment made available or transferred to such Bank, together with the interest thereon, in respect of each day from and including the date such amount was made available by the Agent to such Bank to the date such amount is
repaid to the Agent at a rate per annum equal to (i) for Prime-based Advances, the Federal Funds Effective Rate (daily average), as the same may vary from time to time, and (ii) with respect to Eurocurrency-based Advances, Agent’s
aggregate marginal cost (including the cost of maintaining any required reserves or deposit insurance and of any fees, penalties, overdraft charges or other costs or expenses incurred by Agent) of carrying such amount. 
 (c) Subject to the definition of Interest Period, whenever any payment to be made hereunder shall otherwise be due on a day which is not a
Business Day, such payment shall be made on the next succeeding Business Day and such extension of time shall be included in computing interest, if any, in connection with such payment. 
 (d) All payments to be made by Borrowers under this Agreement or any of the Notes (including without limitation payments under the Swing
Line) shall be made without setoff or counterclaim, as aforesaid, and, subject to full compliance by each Bank (and each assignee and participant pursuant to Section 12.8) with Section 12.12, without deduction for or on account of any
present or future withholding or other taxes of any nature imposed by any governmental authority or of any political subdivision thereof or any federation or organization of which such governmental authority may at the time of payment be a member
(other than any net income, net profits or franchise taxes imposed on the Agent or any Bank as a result of a present or former connection between the Agent or such Bank and the governmental authority, political subdivision, federation or
organization imposing such taxes), unless Borrowers are compelled by law to make payment subject to such tax. In such event, Borrowers shall: 
 (e) pay to the Agent for Agent’s own account and/or, as the case may be, for the account of the Banks (and, in the case of Advances of the Swing Line, pay to the Swing Line Bank which funded such Advances) such
additional amounts as may be necessary to ensure that the Agent and/or such Bank or Banks receive a net amount equal to the full amount which would have been receivable had payment not been made subject to such tax; and 
 (f) remit such tax to the relevant taxing authorities according to applicable law, and send to the Agent or the applicable Bank (including
the Swing Line Bank) or Banks, as the case may be, such certificates or certified copy receipts as the Agent or such Bank or Banks shall reasonably require as proof of the payment by Borrowers, of any such taxes payable by Borrowers. 
 As used herein, the terms “tax”, “taxes” and “taxation” include all taxes, levies, imposts, duties, charges, fees,
deductions and withholdings and any restrictions or conditions resulting in a charge together with interest (and any taxes payable upon the amounts paid or payable pursuant to this Section 9.1) thereon, or the payment or delivery of funds into
or out of any jurisdiction other than the United States (whether assessed against Borrowers, Agent or any of the Banks). Borrowers shall be reimbursed by the applicable Bank for any payment made by Borrowers under this Section 9.1 if the
applicable Bank is not in compliance with its obligations under Section 12.12. 
  

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 9.2 Application of Proceeds of Collateral. Notwithstanding anything to the contrary in this
Agreement, after an Event of Default, the proceeds of any Collateral, together with any offsets, voluntary payments by Borrower, any Subsidiary or others and any other sums received or collected in respect of the Indebtedness, shall be applied,
first, to the Indebtedness under the Revolving Credit (including the Swing Line), and any Reimbursement Obligations on a pro rata basis (or in such order and manner as determined by the Majority Banks; subject, however, to the applicable Percentages
of the loans held by each of the Banks), next, to any other Indebtedness on a pro rata basis, and then, if there is any excess, to Borrowers and their Subsidiaries, as the case may be. 
 9.3 Pro-rata Recovery. If any Bank shall obtain any payment or other recovery (whether voluntary, involuntary, by application of setoff or
otherwise) on account of principal of, or interest on, any of the Indebtedness in excess of its pro rata share of payments then or thereafter obtained by all Banks upon principal of and interest on all Indebtedness, such Bank shall purchase from the
other Banks such participations in the Revolving Credit and/or Reimbursement Obligation held by them as shall be necessary to cause such purchasing Bank to share the excess payment or other recovery ratably with the Percentage with each of them in
accordance with the applicable Percentages of the Banks; provided, however, that if all or any portion of the excess payment or other recovery is thereafter recovered from such purchasing holder, the purchase shall be rescinded and the purchase
price restored to the extent of such recovery, but without interest. 
 9.4 Margin Adjustment. Adjustments to the Applicable Margins
and the Applicable Fee Percentages, based on Schedule 1.1, shall be implemented on a quarterly basis as follows: 
 (a) Such
adjustments shall be given prospective effect only, effective as to all Advances outstanding hereunder and the Applicable Fee Percentage, upon the date of delivery of the financial statements under Sections 6.1(a) and 6.1(b) hereunder and the
Covenant Compliance Report under Section 6.2(a) hereof, in each case establishing applicability of the appropriate adjustment, in each case with no retroactivity or claw-back. In the event Borrowers fail to timely deliver such financial
statements or the Covenant Compliance Report and such failure continues for three (3) Business Days, then (but without affecting the Event of Default resulting therefrom) from the date delivery of such financial statements and report was
required until such financial statements and report are delivered, the margins and fee percentages shall be at the next higher level on the Pricing Matrix attached to this Agreement as Schedule 1.1. 
 (b) From the Effective Date until the required date of delivery (or, if earlier, delivery) under Section 6.1(b) of MGI’s
consolidated financial statements for the fiscal quarter ending June 30, 2007, the margins and fee percentages shall be those set forth under the Level III column of the Pricing Matrix attached to this Agreement as Schedule 1.1, as determined
on the basis of the financial statements delivered pursuant to Section 6.1 hereof. Thereafter, all margins and fee percentages shall be based upon MGI’s quarterly consolidated financial statements and quarterly Covenant Compliance Reports
(for the Applicable Measuring Period ending on the last day of the applicable fiscal quarter), subject to recalculation as provided in Section 9.4(a) above. 
  

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	10.	CHANGES IN LAW OR CIRCUMSTANCES; INCREASED COSTS 

 10.1
Reimbursement of Prepayment Costs. If Borrowers make any payment of principal with respect to any Eurocurrency-based Advance or Quoted Rate Advance on any day other than the last day of the Interest Period applicable thereto (whether
voluntarily, by acceleration, or otherwise), or if Borrowers convert or refund (or attempt to convert or refund) any such Advance on any day other than the last day of the Interest Period applicable thereto; or if Borrowers fail to borrow, refund or
convert into any Eurocurrency-based Advance or Quoted Rate Advance after notice has been given by Borrowers to Agent in accordance with the terms hereof requesting such Advance, or if Borrowers fail to make any payment of principal or interest in
respect of a Eurocurrency-based Advance or Quoted Rate Advance when due, Borrowers shall reimburse Agent for itself and/or on behalf of any Bank, as the case may be, within ten (10) Business Days of written demand therefor for any resulting
loss, cost or expense incurred (excluding the loss of any Applicable Margin) by Agent and Banks, as the case may be, as a result thereof, including, without limitation, any such loss, cost or expense incurred in obtaining, liquidating, employing or
redeploying deposits from third parties, whether or not Agent and Banks, as the case may be, shall have funded or committed to fund such Advance. Such amount payable by Borrowers to Agent for itself and/or on behalf of any Bank, as the case may be,
shall be an amount equal to the excess, if any, of (a) the amount of interest which would have accrued on the amount so prepaid, or not so borrowed, refunded or converted, for the period from the date of such prepayment or of such failure to
borrow, refund or convert, through the last day of the relevant Interest Period, at the applicable rate of interest for said Advance(s) provided under this Agreement, over (b) the amount of interest (as reasonably determined by Agent and Banks,
as the case may be) which would have accrued to Agent and Banks, as the case may be, on such amount by placing such amount on deposit for a comparable period with leading banks in the interbank eurocurrency market. Calculation of any amounts payable
to any Bank under this paragraph shall be made as though such Bank shall have actually funded or committed to fund the relevant Advance through the purchase of an underlying deposit in an amount equal to the amount of such Advance and having a
maturity comparable to the relevant Interest Period; provided, however, that any Bank may fund any Eurocurrency-based Advance or Quoted Rate Advance in any manner it deems fit and the foregoing assumptions shall be utilized only for the purpose of
the calculation of amounts payable under this paragraph. Upon the written request of Borrowers, Agent and Banks shall deliver to Borrowers a certificate setting forth the basis for determining such losses, costs and expenses, which certificate shall
be conclusively presumed correct, absent manifest error. 
 10.2 Eurocurrency Lending Office. For any Advance to which the
Eurocurrency-based Rate is applicable, if Agent or a Bank, as applicable, shall designate a Eurocurrency Lending Office which maintains books separate from those of the rest of Agent or such Bank, Agent or such Bank, as the case may be, shall have
the option of maintaining and carrying the relevant Advance on the books of such Eurocurrency Lending Office. 
 10.3 Circumstances
Affecting Eurocurrency-based Rate Availability. If with respect to any Interest Period, Agent or the Majority Banks (after consultation with Agent) shall determine in good faith that, by reason of circumstances affecting the foreign exchange and
interbank markets generally, deposits in eurodollars, in the applicable amounts are not being offered to the Agent or such Banks for such Interest Period, then Agent shall forthwith give notice thereof to 

  

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Borrowers. Thereafter, until Agent notifies Borrowers that such circumstances no longer exist, (i) the obligation of Banks to make Eurocurrency-based
Advances, and the right of Borrowers to convert an Advance into or to refund an Advance as a Eurocurrency-based Advance, as the case may be, shall be suspended, and (ii) effective upon the last day of each Interest Period related to any
existing Eurocurrency-based Advance, such Eurocurrency-based Advance shall automatically be converted into a Prime-based Advance (without regard to satisfaction of any conditions to conversion contained elsewhere herein). 
 10.4 Laws Affecting Eurocurrency-based Advance Availability. If, after the date of this Agreement, the introduction of, or any change in, any
applicable law, rule or regulation or in the interpretation or administration thereof by any governmental authority charged with the interpretation or administration thereof, or compliance by any of the Banks (or any of their respective Eurocurrency
Lending Offices) with any request or directive (whether or not having the force of law) of any such authority, shall make it unlawful or impossible for any of the Banks (or any of their respective Eurocurrency Lending Offices) to honor its
obligations hereunder to make or maintain any Advance with interest at the Eurocurrency-based Rate, such Bank shall forthwith give notice thereof to Borrowers and to Agent. Thereafter, (a) the obligations of the applicable Banks to make
Eurocurrency-based Advances and the right of Borrowers to convert an Advance into or to refund an Advance as a Eurocurrency-based Advance shall be suspended and thereafter Borrowers may select as Applicable Interest Rates only those which remain
available and which are permitted to be selected hereunder, and (b) if any of the Banks may not lawfully continue to maintain an Advance to the end of the then current Interest Period applicable thereto as a Eurocurrency-based Advance, the
applicable Advance shall immediately be converted to a Prime-based Advance and the Prime-based Rate shall be applicable thereto for the remainder of such Interest Period. For purposes of this Section, a change in law, rule, regulation,
interpretation or administration shall include, without limitation, any change made or which becomes effective on the basis of a law, rule, regulation, interpretation or administration presently in force, the effective date of which change is
delayed by the terms of such law, rule, regulation, interpretation or administration. 
 10.5 Increased Cost of Eurocurrency-based
Advances. If the adoption after the date of this Agreement of, or any change after the date of this Agreement in, any applicable law, rule or regulation of or in the interpretation or administration thereof by any governmental authority, central
bank or comparable agency charged with the interpretation or administration thereof, or compliance by Agent or any of the Banks (or any of their respective Eurocurrency Lending Offices) with any request or directive (whether or not having the force
of law) made by any such authority, central bank or comparable agency after the date hereof: 
 (a) shall subject any of the
Banks (or any of their respective Eurocurrency Lending Offices) to any tax, duty or other charge with respect to any Advance or shall change the basis of taxation of payments to any of the Banks (or any of their respective Eurocurrency Lending
Offices) of the principal of or interest on any Advance or any other amounts due under this Agreement in respect thereof, except for changes in the rate of tax on the overall net income of any of the Banks or any of their respective Eurocurrency
Lending Offices; or 
  

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 (b) shall impose, modify or deem applicable any reserve (including, without limitation,
any imposed by the Board of Governors of the Federal Reserve System), special deposit or similar requirement against assets of, deposits with or for the account of, or credit extended by, any of the Banks (or any of their respective Eurocurrency
Lending Offices) or shall impose on any of the Banks (or any of their respective Eurocurrency Lending Offices) or the foreign exchange and interbank markets any other condition affecting any Advance; 
 and the result of any of the foregoing is to increase the costs to any of the Banks of maintaining any part of the Indebtedness hereunder as a
Eurocurrency-based Advance or to reduce the amount of any sum received or receivable by any of the Banks under this Agreement in respect of a Eurocurrency-based Advance, with respect to Advances to Borrowers, then such Bank shall promptly notify
Agent, and Agent (or such Bank, as aforesaid) shall promptly notify Borrowers of such fact and demand compensation therefor and, within fifteen (15) days after such notice, Borrowers agree to pay to such Bank such additional amount or amounts
as will compensate such Bank or Banks for such increased cost or reduction. Agent will promptly notify Borrowers of any event of which it has knowledge which will entitle Banks to compensation pursuant to this Section, or which will cause Borrowers
to incur additional liability under Section 10.1 hereof, provided that Agent shall incur no liability whatsoever to the Banks or Borrowers in the event it fails to do so. A certificate of Agent (or such Bank, if applicable) setting forth the
basis for determining such additional amount or amounts necessary to compensate such Bank or Banks shall accompany such demand and shall be conclusively presumed to be correct save for manifest error. Failure or delay on the part of any Bank to
demand compensation pursuant to this Section 10.5 or Section 10.6 shall not constitute a waiver of such bank’s right to demand such compensation; provided, however, that Borrowers shall not be required to compensate any such Bank
pursuant to such sections for any amounts payable thereunder incurred more than 90 days prior to the date that such Bank notifies the Borrowers or the Agent of the event giving rise to the request for payment and of such Bank’s intention to
claim compensation therefore. 
 10.6 Capital Adequacy and Other Increased Costs. In the event that after the Effective Date the
adoption of or any change in any applicable law, treaty, rule or regulation (whether domestic or foreign) now or hereafter in effect and whether or not presently applicable to any Bank or Agent, or any interpretation or administration thereof by any
governmental authority charged with the interpretation or administration thereof, or compliance by any Bank or Agent with any guideline, request or directive of any such authority (whether or not having the force of law), including any risk based
capital guidelines, affects or would affect the amount of capital required to be maintained by such Bank or Agent (or any corporation controlling such Bank or Agent) and such Bank or Agent, as the case may be, determines that the amount of such
capital is increased by or based upon the existence of such Bank’s or Agent’s obligations or Advances hereunder and such increase has the effect of reducing the rate of return on such Bank’s or Agent’s (or such controlling
corporation’s) capital as a consequence of such obligations or Advances hereunder to a level below that which such Bank or Agent (or such controlling corporation) could have achieved but for such circumstances (taking into consideration its
policies with respect to capital adequacy) by an amount deemed by such Bank or Agent to be material (collectively, “Increased Costs”), then Agent or such Bank shall notify Borrowers, and thereafter Borrowers shall pay to such Bank or
Agent, as the case may be, within ten (10) days of written 

  

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demand therefor from such Bank or Agent, additional amounts sufficient to compensate such Bank or Agent (or such controlling corporation) for any increase in
the amount of capital and reduced rate of return which such Bank or Agent reasonably determines to be allocable to the existence of such Bank’s or Agent’s obligations or Advances hereunder. 
 10.7 Right of Banks to Fund through Branches and Affiliates. Each Bank (including without limitation the Swing Line Bank) may, if it so elects,
fulfill its commitment as to any Advance hereunder by designating a branch or Affiliate of such Bank to make such Advance; provided that (a) such Bank shall remain solely responsible for the performances of its obligations hereunder and
(b) no such designation shall result in any increased costs to Borrowers. 
  

	11.	AGENT 

 11.1 Appointment of Agent. Each Bank and the
holder of each Note (if issued) irrevocably appoints and authorizes the Agent to act on behalf of such Bank or holder under this Agreement and the other Loan Documents and to exercise such powers hereunder and thereunder as are specifically
delegated to Agent by the terms hereof and thereof, together with such powers as may be reasonably incidental thereto, including without limitation the power to execute or authorize the execution of financing or similar statements or notices, and
other documents. In performing its functions and duties under this Agreement, the Agent shall act solely as agent of the Banks and does not assume and shall not be deemed to have assumed any obligation towards or relationship of agency or trust with
or for any Loan Party. Each Bank agrees (which agreement shall survive any termination of this Agreement) to reimburse Agent for all reasonable out-of-pocket expenses (including outside attorneys’ fees and disbursements) incurred by Agent
hereunder or in connection herewith or with an Event of Default or in enforcing the obligations of the Loan Party under this Agreement or the other Loan Documents or any other instrument executed pursuant hereto, and for which Agent is not
reimbursed by the Loan Parties, pro rata according to such Bank’s interests hereunder. Any such amounts so paid by the Banks shall constitute additional Indebtedness hereunder. Agent shall not be required to take any action under the Loan
Documents, or to prosecute or defend any suit in respect of the Loan Documents, unless indemnified to its satisfaction by the Banks against loss, costs, liability and expense (excluding liability resulting from its gross negligence or willful
misconduct). If any indemnity furnished to Agent shall become impaired, it may call for additional indemnity and cease to do the acts indemnified against until such additional indemnity is given. 
 11.2 Deposit Account with Agent. Each Borrower authorizes Agent, in Agent’s sole discretion, to charge its general deposit account(s), if
any, maintained with Agent for the amount of any principal, interest, or other amounts or costs due under this Agreement when the same become due and payable under the terms of this Agreement or the Notes. 
 11.3 Scope of Agent’s Duties. The Agent shall have no duties or responsibilities except those expressly set forth herein, and shall not, by
reason of this Agreement or otherwise, have a fiduciary relationship with any Bank (and no implied covenants or other obligations shall be read into this Agreement against the Agent). None of Agent, its Affiliates nor any of their respective
directors, officers, employees or agents shall be liable to any Bank for any action taken or omitted to be taken by it or by them under this Agreement or any document executed pursuant hereto, or in connection herewith or therewith, with the consent
or at the request of the Majority Banks (or 

  

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all of the Banks for those acts requiring consent of all of the Banks) (except for its or their own willful misconduct or gross negligence), nor be
responsible for or have any duties to ascertain, inquire into or verify (a) any recitals or warranties made by Borrowers, or any of their Subsidiaries or any Affiliate of any Borrower, or any officer thereof contained herein or therein,
(b) the effectiveness, enforceability, validity or due execution of this Agreement or any document executed pursuant hereto or any security thereunder, (c) the performance by the Loan Parties of their respective obligations hereunder or
thereunder, or (d) the satisfaction of any condition hereunder or thereunder, including without limitation in connection with the making of any Advance or the issuance of any Letter of Credit. Agent and its Affiliates shall be entitled to rely
upon any certificate, notice, document or other communication (including any cable, telegraph, telex, facsimile transmission or oral communication) believed by it to be genuine and correct and to have been sent or given by or on behalf of a proper
person. Agent may treat the payee of any Note as the holder thereof. Agent may employ agents and may consult with legal counsel (who may be counsel for Borrowers), independent public accountants and other experts selected by it and shall not be
liable to the Banks (except as to money or property received by them or their authorized agents), for the negligence or misconduct of any such agent selected by it with reasonable care or for any action taken or omitted to be taken by it in good
faith in accordance with the advice of such counsel, accountants or experts. 
 11.4 Successor Agent. Agent may resign as such at any
time upon at least thirty (30) days prior notice to Borrowers and all Banks. If Agent at any time shall resign or if the office of Agent shall become vacant for any other reason, Majority Banks shall, by written instrument, appoint successor
agent(s) satisfactory to such Majority Banks, and, so long as no Default or Event of Default has occurred and is continuing, to Borrowers. Such successor agent shall thereupon become the Agent hereunder, as applicable, and shall be entitled to
receive from the prior Agent such documents of transfer and assignment as such successor Agent may reasonably request. Any such successor Agent shall be a commercial bank organized under the laws of the United States or any state thereof and shall
have a combined capital and surplus of at least $500,000,000. If a successor is not so appointed or does not accept such appointment before the resigning Agent’s resignation becomes effective, the resigning Agent may appoint a temporary
successor to act until such appointment by the Majority Banks and, if applicable, Borrowers, is made and accepted. If no such temporary successor is appointed as provided above by the resigning Agent, the Majority Banks shall thereafter perform all
of the duties of the resigning Agent hereunder until such appointment by the Majority Banks and, if applicable, Borrowers is made and accepted. Such successor Agent shall succeed to all of the rights and obligations of the resigning Agent as if
originally named. The resigning Agent shall duly assign, transfer and deliver to such successor Agent all moneys at the time held by the resigning Agent hereunder after deducting therefrom its expenses for which it is entitled to be reimbursed. Upon
such succession of any such successor Agent, the resigning Agent shall be discharged from its duties and obligations, in its capacity as Agent, hereunder, except for its gross negligence or willful misconduct arising prior to its resignation, and
the provisions of this Article 11 shall continue in effect for the benefit of the resigning Agent in respect of any actions taken or omitted to be taken by it while it was acting as Agent. 
 11.5 Credit Decisions. Each Bank acknowledges that it has, independently of Agent and each other Bank and based on the financial statements of
Borrowers and such other documents, 

  

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information and investigations as it has deemed appropriate, made its own credit decision to extend credit hereunder from time to time. Each Bank also
acknowledges that it will, independently of Agent and each other Bank and based on such other documents, information and investigations as it shall deem appropriate at any time, continue to make its own credit decisions as to exercising or not
exercising from time to time any rights and privileges available to it under this Agreement or any document executed pursuant hereto. 
 11.6
Authority of Agent to Enforce This Agreement. Each Bank, subject to the terms and conditions of this Agreement, authorizes the Agent with full power and authority as attorney-in-fact to institute and maintain actions, suits or proceedings for
the collection and enforcement of any Indebtedness outstanding under this Agreement or any other Loan Document and to file such proofs of debt or other documents as may be necessary to have the claims of the Banks allowed in any proceeding relative
to any Loan Party or any of the Subsidiaries, or their respective creditors or affecting their respective properties, and to take such other actions which Agent considers to be necessary or desirable for the protection, collection and enforcement of
the Notes, this Agreement or the other Loan Documents. 
 11.7 Indemnification of Agent. The Banks agree to indemnify the Agent and
its Affiliates (to the extent not reimbursed by Borrowers, but without limiting any obligation of each Borrower to make such reimbursement), ratably according to their respective Percentages, from and against any and all claims, damages, losses,
liabilities, costs or expenses of any kind or nature whatsoever (including, without limitation, reasonable fees and disbursements of counsel) that may be imposed on, incurred by, or asserted against the Agent and its Affiliates in any way relating
to or arising out of this Agreement, or any of the other Loan Documents, or the transactions contemplated hereby, or any action taken or omitted by the Agent and its Affiliates under this Agreement or any of the Loan Documents; provided, however,
that no Bank shall be liable for any portion of such claims, damages, losses, liabilities, costs or expenses resulting from the Agent’s or its Affiliate’s gross negligence or willful misconduct. Without limitation of the foregoing, each
Bank agrees to reimburse the Agent and its Affiliates promptly upon demand for its ratable share of any reasonable out-of-pocket expenses (including, without limitation, reasonable fees and expenses of counsel) incurred by the Agent and its
Affiliates in connection with the preparation, execution, delivery, administration, modification, amendment or enforcement (whether through negotiations, legal proceedings or otherwise) of, or legal advice in respect of rights or responsibilities
under, this Agreement or any of the other Loan Documents, to the extent that the Agent and its Affiliates are not reimbursed for such expenses by Borrowers but without limiting the obligation of Borrowers to make such reimbursement. Each Bank agrees
to reimburse the Agent and its Affiliates promptly upon demand for its ratable share of any amounts owing to the Agent and its Affiliates by the Banks pursuant to this Section, provided that, if the Agent or its Affiliates is subsequently reimbursed
by Borrowers for such amounts, it shall refund to the Banks on a pro rata basis the amount of any excess reimbursement. If the indemnity furnished to the Agent and its Affiliates under this Section shall, in the judgment of the Agent, be
insufficient or become impaired, the Agent may call for additional indemnity from the Banks and cease, or not commence, to take any action until such additional indemnity is furnished. Any amounts paid by the Banks hereunder to the Agent or its
Affiliates shall be deemed to constitute part of the Indebtedness hereunder. 
  

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 11.8 Knowledge of Default. It is expressly understood and agreed that the Agent shall be entitled
to assume that no Event of Default has occurred and is continuing, unless the officers of the Agent immediately responsible for matters concerning this Agreement shall have been notified in a writing specifying such Event of Default and stating that
such notice is a “notice of default” by a Bank or by a Borrower. Upon receiving such a notice, the Agent shall promptly notify each Bank of such Event of Default and provide each Bank with a copy of such notice and, shall endeavor to
provide such notice to the Banks within three (3) Business Days (but without any liability whatsoever in the event of its failure to do so). Agent shall also furnish the Banks, promptly upon receipt, with copies of all other notices or other
information required to be provided by Borrowers hereunder. 
 11.9 Agent’s Authorization; Action by Banks. Except as otherwise
expressly provided herein, whenever the Agent is authorized and empowered hereunder on behalf of the Banks to give any approval or consent, or to make any request, or to take any other action on behalf of the Banks (including without limitation the
exercise of any right or remedy hereunder or under the other Loan Documents), the Agent shall be required to give such approval or consent, or to make such request or to take such other action only when so requested in writing by the Majority Banks
or the Banks, as applicable hereunder. Action that may be taken by Majority Banks or all of the Banks, as the case may be (as provided for hereunder) may be taken (i) pursuant to a vote at a meeting (which may be held by telephone conference
call) as to which all of the Banks have been given reasonable advance notice, or (ii) pursuant to the written consent of the requisite percentages of the Banks as required hereunder, provided that all of the Banks are given reasonable advance
notice of the requests for such consent. 
 11.10 Enforcement Actions by the Agent. Except as otherwise expressly provided under this
Agreement or in any of the other Loan Documents and subject to the terms hereof, Agent will take such action, assert such rights and pursue such remedies under this Agreement and the other Loan Documents as the Majority Banks or all of the Banks, as
the case may be (as provided for hereunder), shall direct; provided, however, that the Agent shall not be required to act or omit to act if, in the judgment of the Agent, such action or omission may expose the Agent to personal liability or is
contrary to this Agreement, any of the Loan Documents or applicable law. Except as expressly provided above or elsewhere in this Agreement or the other Loan Documents, no Bank (other than the Agent, acting in its capacity as agent) shall be entitled
to take any enforcement action of any kind under any of the Loan Documents. 
 11.11 Collateral Matters. 
 (a) The Agent is authorized on behalf of all the Banks, without the necessity of any notice to or further consent from the Banks, from
time to time to take any action with respect to any Collateral or the Collateral Documents which may be necessary to perfect and maintain a perfected security interest in and Liens upon the Collateral granted pursuant to the Loan Documents.

 (b) The Banks irrevocably authorize the Agent, at its option and in its discretion, to release any Lien granted to or held
by the Agent upon any Collateral (i) upon termination of the Revolving Credit Aggregate Commitment and payment in full of all Indebtedness payable under this Agreement and under any other Loan Document; (ii)

  

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constituting property sold or to be sold or disposed of as part of or in connection with any disposition expressly permitted hereunder;
(iii) constituting property in which a Loan Party owned no interest at the time the Lien was granted or at any time thereafter; or (iv) if approved, authorized or ratified in writing by the Majority Banks, or all the Banks, as the case may
be, as provided in Section 11.10. Upon request by the Agent at any time, the Banks will confirm in writing the Agent’s authority to release particular types or items of Collateral pursuant to this Section 11.11(b). 
 11.12 Agent in its Individual Capacities. Agent and its Affiliates and its successors and assigns, shall have the same rights and powers hereunder
as any other Bank and may exercise or refrain from exercising the same as though such Bank were not the Agent. Agent and its Affiliates may (without having to account therefor to any Bank) accept deposits from, lend money to, and generally engage in
any kind of banking, trust, financial advisory or other business with Borrowers and their Subsidiaries as if such Bank were not acting as Agent hereunder, and may accept fees and other consideration therefor without having to account for the same to
the Banks. 
 11.13 Agent’s Fees. Until the Indebtedness has been repaid and discharged in full and no commitment to fund any
loan hereunder is outstanding, Borrowers shall pay to the Agent, as applicable, any agency fee(s) set forth (or to be set forth from time to time) in the Agency Fee Letter on the terms set forth therein. The Agent’s Fees described in this
Section 11.13 shall not be refundable under any circumstances. 
  

	12.	MISCELLANEOUS 

 12.1 Accounting Principles. Where
the character or amount of any asset or liability or item of income or expense is required to be determined or any consolidation or other accounting computation is required to be made for the purposes of this Agreement, it shall be done, unless
otherwise specified herein, in accordance with GAAP. Furthermore, all financial statements required to be delivered hereunder, subject to year-end audit adjustments thereto and the omission of footnote disclosure in the case of unaudited statements,
shall be prepared in accordance with GAAP. 
 12.2 Consent to Jurisdiction. Borrowers, Agent and Banks hereby irrevocably submit to
the non-exclusive jurisdiction of any United States Federal Court or state court sitting in Detroit, Michigan in any action or proceeding arising out of or relating to this Agreement or any of the Loan Documents, and Borrowers, Agent and Banks
hereby irrevocably agree that all claims in respect of such action or proceeding may be heard and determined in any such United States Federal Court or Michigan state court. Borrowers irrevocably consent to the service of any and all process in any
such action or proceeding brought in any court in or of the State of Michigan by the delivery of copies of such process to Borrowers at their addresses specified on the signature page hereto or by certified mail directed to such address or such
other address as may be designated by Borrowers in a notice to the other parties that complies as to delivery with the terms of Section 12.6. Nothing in this Section shall affect the right of the Banks and the Agent to serve process in any
other manner permitted by law or limit the right of the Banks or the Agent (or any of them) to bring any such action or proceeding against Borrowers or any of their Subsidiaries or any of their property in the courts with subject matter jurisdiction
of any other jurisdiction. Borrowers irrevocably waive any objection to the laying of venue of any such suit or proceeding in the above described courts. 
  

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 12.3 Law of Michigan. This Agreement and the Notes shall be governed by and construed and enforced
in accordance with the laws of the State of Michigan (without regard to its conflict of laws provisions). Whenever possible each provision of this Agreement shall be interpreted in such manner as to be effective and valid under applicable law, but
if any provision of this Agreement shall be prohibited by or invalid under applicable law, such provision shall be ineffective to the extent of such prohibition or invalidity, without invalidating the remainder of such provision or the remaining
provisions of this Agreement. 
 12.4 Interest. In the event the obligation of Borrowers to pay interest on the principal balance of
the Notes is or becomes in excess of the maximum interest rate that a Borrower is permitted by law to contract or agree to pay, giving due consideration to the execution date of this Agreement, then, in that event, the rate of interest applicable
with respect to such Bank’s applicable Percentages shall be deemed to be immediately reduced to such maximum rate and all previous payments in excess of the maximum rate shall be deemed to have been payments in reduction of principal and not of
interest. 
 12.5 Closing Costs and Other Costs; Indemnification. 
 (a) Borrowers agree to pay, or reimburse the Agent for payment of, within five (5) Business Days of demand therefor (except for
closing costs which shall be payable on the Effective Date) (i) all reasonable closing costs and expenses, including, by way of description and not limitation, attorney fees and advances, appraisal and accounting fees, and lien search fees
incurred by Agent in connection with the commitment, consummation and closing of the loans contemplated hereby or in connection with the administration of this Agreement or any amendment, refinancing or restructuring of the credit arrangements
provided under this Agreement, (ii) all stamp and other taxes (excluding income, franchise and other similar taxes) and fees payable or determined to be payable in connection with the execution, delivery, filing, recording or amendment of this
Agreement and the Loan Documents and the consummation of the transactions contemplated hereby, and any and all liabilities with respect to or resulting from any delay in paying or omitting to pay such taxes or fees, and (iii) all reasonable
costs and expenses of the Agent or any of the Banks (including reasonable fees and expenses of counsel) in connection with any action or proceeding relating to a court order, injunction or other process or decree restraining or seeking to restrain
the Agent or any of the Banks from paying any amount under, or otherwise relating in any way to, any Letter of Credit and any and all reasonable costs and expenses which any of them may incur relative to any payment under any Letter of Credit. At
Agent’s option, all of said amounts required to be paid by Borrowers, if not paid when due, may be charged by Agent as a Prime-based Advance against the Indebtedness. 
 (b) Borrowers agree to indemnify and hold Agent and each of the Banks harmless from all loss, cost, damage, liability or expenses,
including reasonable attorneys’ fees and disbursements (but without duplication of fees and expenses for the same services), incurred by Agent and the Banks by reason of an Event of Default, or enforcing the obligations of any Loan Party under
this Agreement or any of the other Loan Documents or in the prosecution or defense of any action or proceeding concerning any matter growing out of or connected with this 

  

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Agreement or any of the Loan Documents, excluding, however, any loss, cost, damage, liability or expenses arising solely as a result of the gross negligence
or willful misconduct of the party seeking to be indemnified under this Section 12.5(b). 
 (c) Borrowers agree to
defend, indemnify and hold harmless Agent and each of the Banks, and their respective employees, agents, officers and directors from and against any and all claims, demands, penalties, fines, liabilities, settlements, damages, costs or expenses of
whatever kind or nature (including without limitation, reasonable attorneys and consultants fees, investigation and laboratory fees, environmental studies required by Agent or any Bank in connection with the violation of Hazardous Material Laws,
court costs and litigation expenses, excluding however, those arising solely as a result of the gross negligence or willful misconduct of the Agent or of the Person seeking indemnification, as the case may be) arising out of or related to
(i) the presence, use, disposal, release or threatened release of any Hazardous Materials on, from or affecting any premises owned or occupied by any Loan Party in violation of or non-compliance with applicable Hazardous Material Laws,
(ii) any personal injury (including wrongful death) or property damage (real or personal) arising out of or related to such Hazardous Materials, (iii) any lawsuit or other proceeding brought or threatened, settlement reached or
governmental order or decree relating to such Hazardous Materials, (iv) the cost of remediation or monitoring of all Hazardous Materials in violation of or non-compliance with applicable Hazardous Material Laws from all or any portion of any
premises owned by any Loan Party, (v) complying or coming into compliance with all Hazardous Material Laws and/or (vi) any violation of Hazardous Material Laws. The obligations of Borrowers under this Section 12.5(c) shall be in
addition to any and all other obligations and liabilities Borrowers may have to Agent or any of the Banks at common law or pursuant to any other agreement. 
 12.6 Notices. Except as expressly provided otherwise in this Agreement, all notices and other communications provided to any party hereto under this Agreement or any other Loan Document shall be in writing and
shall be given by personal delivery, by mail, by reputable overnight courier, by telex or by facsimile and addressed or delivered to it at its address set forth on Schedule 12.6 or at such other address as may be designated by such party in a notice
to the other parties that complies as to delivery with the terms of this Section 12.6. Any notice, if personally delivered or if mailed and properly addressed with postage prepaid and sent by registered or certified mail, shall be deemed given
when received or when delivery is refused; any notice, if given to a reputable overnight courier and properly addressed, shall be deemed given two (2) Business Days after the date on which it was sent, unless it is actually received sooner by
the named addressee; and any notice, if transmitted by telex or facsimile, shall be deemed given when received (answer back confirmed in the case of telexes and receipt confirmed in the case of telecopies). Agent may, but shall not be required to,
except as specifically provided herein, take any action on the basis of any notice given to it by telephone, but the giver of any such notice shall promptly confirm such notice in writing or by telex or facsimile, and such notice will not be deemed
to have been received until such confirmation is deemed received in accordance with the provisions of this Section set forth above. If such telephonic notice conflicts with any such confirmation, the terms of such telephonic notice shall control.
Any notice given by the Agent or any Bank to Borrowers shall be deemed to be a notice to all of the Loan Parties. 
  

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 12.7 Further Action. Borrowers, from time to time, upon written request of Agent will make,
execute, acknowledge and deliver or cause to be made, executed, acknowledged and delivered, all such further and additional instruments, and take all such further action as may reasonably be required to carry out the intent and purpose of this
Agreement or the Loan Documents, and to provide for Advances under and payment of the Notes, according to the intent and purpose herein and therein expressed. 
 12.8 Successors and Assigns; Participations; Assignments. 
 (a) This Agreement shall
be binding upon and shall inure to the benefit of Borrowers and the Banks and their respective successors and assigns. 
 (b)
The foregoing shall not authorize any assignment by Borrowers of their rights or duties hereunder, and, except as otherwise provided herein, no such assignment shall be made (or effective) without the prior written approval of the Banks. 

(c) Borrowers and Agent acknowledge that each of the Banks may at any time and from time to time, subject to the terms and conditions
hereof, assign or grant participations in such Bank’s rights and obligations hereunder (on a pro rata basis only) and under the other Loan Documents to any commercial bank, savings and loan association, insurance company, pension fund, mutual
fund, commercial finance company or other similar institution, the identity of such institution is approved by Borrowers and Agent, which such approval shall not to be unreasonably withheld or delayed; provided, however, that (i) the approval
of Borrowers shall not be required upon the occurrence and during the continuance of an Event of Default, (ii) the approval of Borrowers shall not be required for any such sale, transfer, assignment or participation to the Affiliate of an
assigning Bank, or any other Bank and (iii) no assignment shall be made or participation granted to an entity which is a competitor of Borrowers or their Subsidiaries without the consent of Borrowers, which consent may be withheld in the sole
discretion of Borrowers. Borrowers authorize each Bank to disclose to any prospective assignee or participant, once approved by Borrowers (if such approval is required) and Agent, any and all financial information in such Bank’s possession
concerning Borrowers that has been delivered to such Bank pursuant to this Agreement; provided that each such prospective participant shall execute a confidentiality agreement consistent with the terms of Section 12.12 hereof. 
 (d) Each assignment by a Bank of all or any portion of its rights and obligations hereunder and under the other Loan Documents, which
assignments shall be on a pro rata basis, shall be made pursuant to an Assignment Agreement (with appropriate insertions acceptable to Agent) and shall be subject to the terms and conditions hereof, and to the following restrictions: 
 (i) each assignment shall be in a minimum amount of the lesser of (x) Five Million Dollars ($5,000,000) or such lesser amount as the
Agent shall agree and (y) the entire remaining amount of assigning Bank’s aggregate interest in the Revolving Credit (and participations in any outstanding Letters of Credit); provided, however that, after giving effect to such assignment,
in no event shall the entire remaining amount (if any) of assigning Bank’s aggregate interest in the Revolving Credit (and participations in any outstanding Letters of Credit) be less than $5,000,000; and 
  

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 (ii) no assignment shall be effective unless Agent has received from the assignee (or
from the assigning Bank) an assignment fee of $3,500 for each such assignment and such assignment is accompanied by the relevant tax forms required under Section 12.12 hereof. 
 In connection with any assignment, Borrowers and Agent shall be entitled to continue to deal solely and directly with the assigning Bank in connection
with the interest so assigned until (x) the Agent shall have received a notice of assignment duly executed by the assigning Bank and an Assignment Agreement (with respect thereto) duly executed by the assigning Bank and each assignee; and
(y) the assigning Bank shall have delivered to the Agent the original of each Note held by the assigning Bank under this Agreement. From and after the date on which the Agent shall notify Borrowers and the assigning Bank that the foregoing
conditions shall have been satisfied and all consents required (if any) shall have been given, the assignee thereunder shall be deemed to be a party to this Agreement. To the extent that rights and obligations hereunder shall have been assigned to
such assignee as provided in such notice of assignment (and Assignment Agreement), such assignee shall have the rights and obligations of a Bank under this Agreement and the other Loan Documents (including without limitation the right to receive
fees payable hereunder in respect of the period following such assignment). In addition, the assigning Bank, to the extent that rights and obligations hereunder shall have been assigned by it as provided in such notice of assignment (and Assignment
Agreement), but not otherwise, shall relinquish its rights and be released from its obligations under this Agreement and the other Loan Documents. 
 Assuming Borrowers have consented to such assignment (if its consent is required), within five (5) Business Days following Borrowers’ receipt of notice from the Agent that Agent has accepted and executed a notice of assignment and
the duly executed Assignment Agreement, Borrowers shall, to the extent applicable, execute and deliver to the Agent in exchange for any surrendered Note, new Note(s) payable to the order of the assignee in an amount equal to the amount assigned to
it pursuant to such notice of assignment (and Assignment Agreement), and with respect to the portion of the Indebtedness retained by the assigning Bank, to the extent applicable, new Note(s) payable to the order of the assigning Bank in an amount
equal to the amount retained by such Bank hereunder. Agent, the Banks, and Borrowers acknowledge and agree that any such new Note(s) shall be given in renewal and replacement of the surrendered Notes and shall not effect or constitute a novation or
discharge of the Indebtedness evidenced by any surrendered Note, and each such new Note may contain a provision confirming such agreement. In addition, promptly following receipt of such Notes, Agent shall prepare and distribute to Borrowers and the
assigning Bank and the assignee Bank a revised Schedule 1.2 to this Agreement setting forth the applicable new Percentages of the Banks (including the assignee Bank), taking into account such assignment. 
 (e) Each Bank agrees that any participation agreement permitted hereunder shall comply with all applicable laws and shall be subject to
the following restrictions (which shall be set forth in the applicable Participation Agreement): 
 (i) such Bank shall remain
the holder of its Notes hereunder (if such Notes are issued), notwithstanding any such participation; 
  

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 (ii) a participant shall not reassign or transfer, or grant any sub-participations in its
participation interest hereunder or any part thereof; and 
 (iii) such Bank shall retain the sole right and responsibility to
enforce the obligations of Borrowers relating to the Notes and the other Loan Documents, including, without limitation, the right to proceed against any Guarantor, or cause Agent to do so (subject to the terms and conditions hereof), and the right
to approve any amendment, modification or waiver of any provision of this Agreement without the consent of the participant (other than a participant which is an Affiliate of such Bank), except for those matters covered by Section 12.10(a)
through (e) and (h) hereof (provided that a participant may exercise approval rights over such matters only on an indirect basis, acting through such Bank, and Borrowers, Agent and the other Banks may continue to deal directly with such
Bank in connection with such Bank’s rights and duties hereunder). Notwithstanding the foregoing, however, in the case of any participation granted by any Bank hereunder, the participant shall not have any rights under this Agreement or any of
the other Loan Documents (the participant’s rights against such Bank in respect of such participation to be those set forth in the agreement executed by such Bank in favor of the participant relating thereto) and all amounts payable by
Borrowers hereunder shall be determined as if such Bank had not sold such participation, provided, however, that such participant shall be entitled to the benefits of this Section 12.8(e) with respect to rights of setoff under
Section 8.6 and the benefit of Section 10 hereof, and provided further, however, that no participant shall be entitled to receive any greater amount pursuant to such Sections than the issuing Bank would have been entitled to receive
in respect of the amount of the participation transferred by such issuing Bank to such participant had no such transfer occurred. 
 (f) The Agent shall maintain at its principal office a copy of each Assignment Agreement delivered to it and a register (the “Register”) for the recordation of the names and addresses of the Banks, the Percentages of such Banks
and the principal amount of each type of Advance owing to each such Bank from time to time. The entries in the Register shall be conclusive evidence, so long as they reflect a reasonable basis for the calculation of the amounts set forth therein and
absent manifest error, and Borrowers, the Agent, and the Banks may treat each Person whose name is recorded in the Register as the owner of the Advances recorded therein for all purposes of this Agreement. The Register shall be available for
inspection by Borrowers or any Bank upon reasonable notice to the Agent and a copy of such information shall be provided to any such party on their prior written request. The Agent shall give prompt written notice to Borrowers of the making of any
entry in the Register or any change in such entry. 
 (g) Nothing in this Agreement, the Notes or the other Loan Documents,
expressed or implied, is intended to or shall confer on any Person other than the respective parties hereto and thereto and their successors and assignees and participants permitted hereunder and thereunder any benefit or any legal or equitable
right, remedy or other claim under this Agreement, the Notes or the other Loan Documents. 
 12.9 Counterparts. This Agreement may be
executed in several counterparts, and each executed copy shall constitute an original instrument, but such counterparts shall together constitute but one and the same instrument. 
  

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 12.10 Amendment and Waiver. No amendment or waiver of any provision of this Agreement or any other
Loan Document, nor consent to any departure by any Loan Party therefrom, shall in any event be effective unless the same shall be in writing and signed by the Majority Banks (or by the Agent at the written request of the Majority Banks) or, if this
Agreement expressly so requires with respect to the subject matter thereof, by all Banks (and, with respect to any amendments to this Agreement or the other Loan Documents, by Borrowers or the Guarantors which are signatories thereto), and then such
waiver or consent shall be effective only in the specific instance and for the specific purpose for which given; provided, however, that no amendment, waiver or consent shall, unless in writing and signed by all the Banks, do any of the following:

 (a) increase any Bank’s commitments hereunder, 
 (b) reduce the principal of, or interest on, any outstanding Indebtedness or any Fees or other amounts payable hereunder, 
 (c) postpone any date fixed for any payment of principal of, or interest on, any outstanding Indebtedness or any Fees or other amounts
payable hereunder, 
 (d) waive any Event of Default specified in Section 8.1(a) or Section 8.1(b) hereof,

 (e) except as expressly permitted hereunder or under the Collateral Documents, release a lien or security interest in any
Collateral or release any guaranty or similar undertaking provided by any Person, provided however that Agent shall be entitled to release any Collateral which Borrowers or any of their Subsidiaries is permitted to sell or transfer under the terms
of this Agreement or the other Loan Documents without notice to or any further action or consent of the Banks, and provided further that Agent shall release any and all Collateral when the Indebtedness hereunder (except for Indebtedness then
existing under any Hedging Agreements or deposit accounts then maintained with Agent) is repaid in full, there are no Letters of Credit or Advances outstanding hereunder, and Borrowers’ ability to request Advances hereunder have been
terminated. 
 (f) terminate or modify any indemnity provided to the Banks hereunder or under the other Loan Documents, except
as shall be otherwise expressly provided in this Agreement or any other Loan Document, 
 (g) take any action which requires
the approval or consent of all Banks pursuant to the terms of this Agreement or any other Loan Document, or 
 (h) change the
definitions of “Revolving Credit Percentage,” “Majority Banks,” or this Section 12.10; 
 (i) permit
any subordination of the Indebtedness or Liens granted under the Loan Documents; 
  

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 (j) provided, further, that notwithstanding the foregoing, Section 9.2 may be
amended and the Revolving Credit Maturity Date may be extended only with the consent of all of the Banks, and provided further, that no amendment, waiver or consent shall, unless in writing signed by the Swing Line Bank, do any of the following:
(x) reduce the principal of, or interest on, the Swing Line Note or (y) postpone any date fixed for any payment of principal of, or interest on, the Swing Line Note; and provided further, however, that no amendment, waiver, or consent
shall, unless in writing and signed by the Agent in addition to all the Banks, affect the rights or duties of the Agent under this Agreement or any other Loan Document. All references in this Agreement to “Banks” or “the Banks”
shall refer to all Banks, unless expressly stated to refer to Majority Banks (or the like). 
 12.11 Substitution of Lenders.

 (a) If any action to be taken by the Banks or Agent hereunder requires the unanimous consent, authorization, or agreement
of the Banks, and a Bank (“Holdout Bank”) fails to give its consent, authorization, or agreement, then Borrowers may (with consent of Agent) upon at least five (5) Business Days prior irrevocable notice to the Holdout Bank may
permanently replace the Holdout Bank with one or more substitute lenders which may be one or more of the other Banks (each, a “Replacement Bank”), and the Holdout Bank shall have no right to refuse to be replaced hereunder. Such
notice to replace the Holdout Bank shall specify an effective date for such replacement, which date shall not be later than fifteen (15) Business Days after the date such notice is given. 
 (b) Prior to the effective date of such replacement, the Holdout Bank and each Replacement Bank shall execute and deliver an Assignment
Agreement, subject only to the Holdout Bank being repaid its Revolving Credit Percentage of the outstanding Indebtedness without any premium or penalty of any kind whatsoever. If the Holdout Bank shall refuse or fail to execute and deliver any such
Assignment Agreement prior to the effective date of such replacement, the Holdout Bank shall be deemed to have executed and delivered such Assignment Agreement. The replacement of any Holdout Bank shall be made in accordance with the terms of
Section 12.8. Until such time as the Replacement Banks shall have acquired all of the Indebtedness, the Revolving Commitments, and the other rights and obligations of the Holdout Bank hereunder and under the other Loan Documents, the Holdout
Bank shall remain obligated to make Advances of the Holdout Bank’s Revolving Credit Percentage of the Revolving Commitment, and to purchase a pro rate participation in each Letter of Credit, in an amount equal to its Revolving Credit
Percentage. 
 12.12 Confidentiality. Each Bank agrees that it will not disclose without the prior consent of Borrowers (other than to
its employees, its Subsidiaries, another Bank, an Affiliate of a Bank or to its auditors or counsel) any information with respect to Borrowers or any of their Subsidiaries, which is furnished pursuant to this Agreement or any of the other Loan
Documents; provided that any Bank may disclose any such information (a) as has become generally available to the public or has been lawfully obtained by such Bank from any third party under no duty of confidentiality to Borrowers, (b) as
may be required or appropriate in any report, statement or testimony submitted to, or in respect to any inquiry by, any municipal, state or federal regulatory body having or claiming to have jurisdiction over such Bank, including the Board of
Governors of 

  

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the Federal Reserve System of the United States, the Office of the Comptroller of the Currency or the Federal Deposit Insurance Corporation or similar
organizations (whether in the United States or elsewhere) or their successors, (c) as may be required or appropriate in respect to any summons or subpoena or in connection with any litigation, (d) in order to comply with any law, order,
regulation or ruling applicable to such Bank, and (e) to any permitted transferee or assignee or to any approved participant of, or with respect to, the Notes, as aforesaid; provided that each such Person executed a confidentiality agreement
consistent with the terms of this Section 12.12. 
 12.13 Withholding Taxes. If any Bank is not a United States person within the
meaning of Section 7701(a)(30) of the Internal Revenue Code such Bank shall promptly (but in any event prior to the initial payment of interest hereunder) deliver to the Agent two executed copies of (i) Internal Revenue Service Form W-8BEN
or any successor form specifying the applicable tax treaty between the United States and the jurisdiction of such Bank’s domicile that provides for the exemption from withholding on interest payments to such Bank, (ii) Internal Revenue
Service Form W-8ECI or any successor form evidencing that the income to be received by such Bank hereunder is effectively connected with the conduct of a trade or business in the United States or (iii) other evidence satisfactory to the Agent
that such Bank is exempt from United States income tax withholding with respect to such income; provided, however, that such Bank shall not be required to deliver to Agent the aforesaid forms or other evidence with respect to Advances to Borrowers,
if such Bank has assigned its entire interest in the Revolving Credit (including any outstanding Advances thereunder and participations in Letters of Credit issued hereunder), and the Swing Line and any Notes issued to it by Borrower, to an
Affiliate which is incorporated under the laws of the United States or a state thereof, and so notifies the Agent. Such Bank shall amend or supplement any such form or evidence as required to insure that it is accurate, complete and non-misleading
at all times. Promptly upon notice from the Agent of any determination by the Internal Revenue Service that any payments previously made to such Bank hereunder were subject to United States income tax withholding when made, such Bank shall pay to
the Agent the excess of the aggregate amount required to be withheld from such payments over the aggregate amount actually withheld by the Agent. In addition, from time to time upon the reasonable request and at the sole expense of Borrowers, each
Bank and the Agent shall (to the extent it is able to do so based upon applicable facts and circumstances), complete and provide Borrowers with such forms, certificates or other documents as may be reasonably necessary to allow Borrowers, as
applicable, to make any payment under this Agreement or the other Loan Documents without any withholding for or on the account of any tax under Section 9.1(d) hereof, provided that the execution and delivery of such forms, certificates or other
documents does not adversely affect or otherwise restrict the right and benefits (including without limitation economic benefits) available to such of the Bank or the Agent, as the case may be, under this Agreement or any of the other Loan
Documents, or under or in connection with any transactions not related to the transactions contemplated hereby. 
 12.14 Taxes and
Fees. Should any tax (other than as a result of a Bank’s failure to comply with Section 12.12 or a tax based upon the net income or capitalization of any Bank or the Agent by any jurisdiction where a Bank or Agent is or has been
located), recording or filing fee become payable in respect of this Agreement or any of the other Loan Documents or any amendment, modification or supplement hereof or thereof, Borrowers agree to pay the same, together with any interest or penalties
thereon arising from Borrowers’ act or omission, and agrees 

  

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to hold the Agent and the Banks harmless with respect thereto provided, however, that Borrowers shall not be responsible for any such interest or penalties
that were incurred prior to the date that notice is given to Borrowers of such tax or fees. Notwithstanding the foregoing, nothing contained in this Section 12.14 shall affect or reduce the rights of any Bank or the Agent under
Section 10.5 hereof. 
 12.15 WAIVER OF JURY TRIAL. THE BANKS, THE AGENT AND EACH BORROWER KNOWINGLY, VOLUNTARILY AND
INTENTIONALLY WAIVE ANY RIGHT ANY OF THEM MAY HAVE TO A TRIAL BY JURY IN ANY LITIGATION BASED UPON OR ARISING OUT OF THIS AGREEMENT OR ANY RELATED INSTRUMENT OR AGREEMENT OR ANY OF THE TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT OR ANY COURSE OF
CONDUCT, DEALING, STATEMENTS (WHETHER ORAL OR WRITTEN) OR ACTION OF ANY OF THEM. NONE OF THE BANKS, THE AGENT, NOR ANY BORROWER SHALL SEEK TO CONSOLIDATE, BY COUNTERCLAIM OR OTHERWISE, ANY SUCH ACTION IN WHICH A JURY TRIAL HAS BEEN WAIVED WITH ANY
OTHER ACTION IN WHICH A JURY TRIAL CANNOT BE OR HAS NOT BEEN WAIVED. THESE PROVISIONS SHALL NOT BE DEEMED TO HAVE BEEN MODIFIED IN ANY RESPECT OR RELINQUISHED BY THE BANKS AND THE AGENT OR ANY BORROWER EXCEPT BY A WRITTEN INSTRUMENT EXECUTED BY ALL
OF THEM. 
 12.16 Complete Agreement; Conflicts. This Agreement, the Notes (if issued), any Requests for Revolving Credit Advance,
Requests for Swing Line Advance hereunder, and the Loan Documents contain the entire agreement of the parties hereto, superseding all prior agreements, discussions and understandings relating to the subject matter hereof, and none of the parties
shall be bound by anything not expressed in writing. In the event of any conflict between the terms of this Agreement and the other Loan Documents, this Agreement shall govern. 
 12.17 Severability. In case any one or more of the obligations of Borrowers under this Agreement, the Notes or any of the other Loan Documents
shall be invalid, illegal or unenforceable in any jurisdiction, the validity, legality and enforceability of the remaining obligations of Borrowers shall not in any way be affected or impaired thereby, and such invalidity, illegality or
unenforceability in one jurisdiction shall not affect the validity, legality or enforceability of the obligations of Borrowers under this Agreement, the Notes or any of the other Loan Documents in any other jurisdiction. 
 12.18 Table of Contents and Headings. The table of contents and the headings of the various subdivisions hereof are for convenience of reference
only and shall in no way modify or affect any of the terms or provisions hereof. 
 12.19 Construction of Certain Provisions. If any
provision of this Agreement or any of the Loan Documents refers to any action to be taken by any Person, or which such Person is prohibited from taking, such provision shall be applicable whether such action is taken directly or indirectly by such
Person, whether or not expressly specified in such provision. 
 12.20 Independence of Covenants. Each covenant hereunder shall be
given independent effect (subject to any exceptions stated in such covenant) so that if a particular action or condition is not permitted by any such covenant (taking into account any such stated exception), the fact that 

  

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it would be permitted by an exception to, or would be otherwise within the limitations of, another covenant shall not avoid the occurrence of a Default or an
Event of Default. 
 12.21 Reliance on and Survival of Various Provisions. All terms, covenants, agreements, representations and
warranties of Borrowers or any party to any of the Loan Documents made herein or in any of the Loan Documents or in any certificate, report, financial statement or other document furnished by or on behalf of any Loan Party in connection with this
Agreement or any of the Loan Documents shall be deemed to have been relied upon by the Banks, notwithstanding any investigation heretofore or hereafter made by any Bank or on such Bank’s behalf, and those covenants and agreements of Borrowers
set forth in Section 12.5 hereof (together with any other indemnities of any Loan Party contained elsewhere in this Agreement or in any of the other Loan Documents) and of Banks set forth in Section 11.7 hereof shall survive the repayment
in full of the Indebtedness and the termination of the Revolving Credit Aggregate Commitment. 
 12.22 USA PATRIOT ACT Notice.
Agent and each Bank hereby notifies Borrowers that, pursuant to the requirements of the USA PATRIOT Act, Title III of Pub. L. 107-56, signed into law October 26, 2001 (the “Patriot Act”), it is required to obtain, verify and
record information that identifies Borrowers, which information includes the name and address of each Borrower and other information that will allow such Bank, as applicable, to identify Borrowers in accordance with the Patriot Act. 
 12.23 OFAC/BSA Provision. Borrowers shall (a) ensure, and cause each Subsidiary to ensure, that no person who owns a controlling interest in
or otherwise controls any Borrower or any Subsidiary is or shall be listed on the Specially Designated Nationals and Blocked Person List or other similar lists maintained by the Office of Foreign Assets Control (“OFAC”), the Department of
the Treasury, or included in any Executive Orders, (b) not use or permit the use of proceeds of the loans to violate any of the foreign asset control regulations of OFAC or any enabling statute or Executive Order relating thereto, and
(c) comply, and cause each Subsidiary to comply, with all applicable Bank Secrecy Act (“BSA”) laws and regulations, as amended. 
 12.24 Joint and Several Liability of the Borrowers. 
 (a) Each of the Borrowers is accepting joint and
several liability hereunder in consideration of the financial accommodation to be provided by the Banks under this Agreement, for the mutual benefit, directly and indirectly, of each of the Borrowers and in consideration of the undertakings of each
of the Borrowers to accept joint and several liability for the obligations of each of them. 
 (b) Each of the Borrowers
jointly and severally hereby irrevocably and unconditionally accepts, not merely as a surety but also as a co-debtor, joint and several liability with the other Borrowers with respect to the payment and performance of all of the Indebtedness arising
under this Agreement and the other Loan Documents, it being the intention of the parties hereto that the Indebtedness shall be the joint and several obligations of each of the Borrowers without preferences or distinction among them. 
 (c) If and to the extent that either of the Borrowers shall fail to make any payment with respect to any of the obligations hereunder as
and when due or to perform any of 

  

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such obligations in accordance with the terms thereof, then in each such event, the other Borrower will make such payment with respect to, or perform, such
obligation. 
 (d) The obligations of each Borrower under the provisions of this Section 12.24 constitute full recourse
obligations of such Borrower, enforceable against it to the full extent of its properties and assets, irrespective of the validity, regularity or enforceability of this Agreement or any other circumstances whatsoever. 
 (e) Except as otherwise expressly provided herein, each Borrower hereby waives notice of acceptance of its joint and several liability,
notice of occurrence of any Default or Event of Default (except to the extent notice is expressly required to be given pursuant to the terms of this Agreement), or of any demand for any payment under this Agreement (except to the extent demand is
expressly required to be given pursuant to the terms of this Agreement), notice of any action at any time taken or omitted by the Banks under or in respect of any of the Indebtedness hereunder, any requirement of diligence and, generally, all
demands, notices and other formalities of every kind in connection with this Agreement. Each Borrower hereby assents to, and waives notice of, any extension or postponement of the time for the payment of any of the Indebtedness hereunder, the
acceptance of any partial payment thereon, any waiver, consent or other action or acquiescence by the Banks at any time or times in respect of any default by any Borrower in the performance or satisfaction of any term, covenant, condition or
provision of this Agreement, any and all other indulgences whatsoever by the Banks in respect of any of the Indebtedness hereunder, and the taking, addition, substitution or release, in whole or in part, at any time or times, of any security for any
of such Indebtedness or the addition, substitution or release, in whole or in part, of any Borrower. Without limiting the generality of the foregoing, each Borrower assents to any other action or delay in acting or any failure to act on the part of
the Bank, including, without limitation, any failure strictly or diligently to assert any right or to pursue any remedy or to comply fully with applicable laws or regulations thereunder which might, but for the provisions of this Section 12.24,
afford grounds for terminating, discharging or relieving such Borrower, in whole or in part, from any of its obligations under this Section 12.24, it being the intention of each Borrower that, so long as any of the Indebtedness hereunder remain
unsatisfied, the obligations of such Borrower under this Section 12.24 shall not be discharged except by performance and then only to the extent of such performance. The obligations of each Borrower under this Section 12.24 shall not be
diminished or rendered unenforceable by any winding up, reorganization, arrangement, liquidation, reconstruction or similar proceeding with respect to any reconstruction or similar proceeding with respect to any Borrower or any Bank. The joint and
several liability of the Borrowers hereunder shall continue in full force and effect notwithstanding any absorption, merger, amalgamation or any other change whatsoever in the name, membership, constitution or place of formation of any Borrower or
any Bank. 
 (f) The provisions of this Section 12.24 are made for the benefit of the Agent, Issuing Bank, Swing Line
Bank, the Banks and their respective successors and assigns, and may be enforced by any such Person from time to time against any of the Borrowers as often as occasion therefor may arise and without requirement on the part of any Bank first to
marshal any of its claims or to exercise any of its rights against any of the other Borrowers or to exhaust any remedies available to it against any of the other Borrowers or to resort to any other source or 

  

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means of obtaining payment of any of the Indebtedness or to elect any other remedy. The provisions of this Section 12.24 shall remain in effect until
all the Indebtedness hereunder shall have been paid in full or otherwise fully satisfied. If at any time, any payment, or any part thereof, made in respect of any of the Indebtedness, is rescinded or must otherwise be restored or returned by the
Banks upon the insolvency, bankruptcy or reorganization of any of the Borrowers, or otherwise, the provisions of this Section 12.24 will forthwith be reinstated and in effect as though such payment had not been made. 
 (g) Notwithstanding any provision to the contrary contained herein or in any other of the Loan Documents, the obligations of each Borrower
hereunder shall be limited to an aggregate amount equal to the largest amount that would not render its obligations hereunder subject to avoidance under Section 548 of the Bankruptcy Code or any comparable provisions of any applicable state
law. 
 [Signature Page Follows] 
  

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 WITNESS the due execution of this Revolving Credit Agreement as of the day and year first above written.

  

									
	 COMERICA BANK,
 as Agent, Swing Line Bank,
and Issuing Bank
	 		 	MEGABINGO, INC.
					
	By:	 	/s/ Chad G. Neely	 		 	By:	 	/s/ Randy S. Cieslewicz
		 	Chad G. Neely	 		 		 	Randy S. Cieslewicz
	Its:	 	Vice President	 		 	Its:	 	Chief Financial Officer
			
	COMERICA BANK, as Bank	 		 	MGAM SYSTEMS, INC.
					
	By:	 	/s/ Chad G. Neely	 		 	By:	 	/s/ Randy S. Cieslewicz
		 	Chad G. Neely	 		 		 	Randy S. Cieslewicz
	Its:	 	Vice President	 		 	Its:	 	Chief Financial Officer

  

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 SCHEDULE 1.1 * 
 Applicable Margin Grid 
 MegaBingo, Inc. and MGAM Systems, Inc. 
 Revolving Credit Facilities 
 (basis
points per annum) 
  

									
	 BASIS FOR PRICING
	  	LEVEL I	  	LEVEL II	  	LEVEL III1	  	LEVEL IV
	 Consolidated Total
Leverage Ratio
	  	<0.75:1.0	  	30.75:1.0
but
<1.25:1.0	  	31.25:1.0
but
<1.75:1.0	  	31.75:1.0
	 Revolving Credit:
	  		  		  		  	
	 Facility Fee
	  	50.0	  	50.0	  	50.0	  	50.0
	 Eurocurrency Margin
	  	150.0	  	225.0	  	275.0	  	300.0
	 All-In-Spread
	  	200.0	  	275.0	  	325.0	  	350.0
	 Letter of Credit Fee
	  	150.0	  	225.0	  	275.0	  	300.0
	 Base Rate Margin
	  	0.0	  	25.0	  	75.0	  	100.0

  

	 1
	 Initial level until receive from Borrowers its 6/30/07 financial statements and covenant compliance
certificate; pricing level thereafter will be determined on a quarterly basis. 

  

 Page 1 of Schedule 1.1 

 SCHEDULE 1.2 
 (Percentages and Allocations) 
  

							
	 Bank
	  	Percentages
Revolving Credit Percentages	 	 	Allocations
Revolving Loan Commitment
	 Comerica Bank
	  	100	%	 	$	150,000,000

  

 Page 1 of Schedule 1.2

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