Document:

CREDIT AND SECURITY AGREEMENT

 Exhibit 10.1 
  

 CREDIT AND SECURITY AGREEMENT 
 among 
 NETSCOUT SYSTEMS, INC. 
 as Borrower 
 THE LENDERS
NAMED HEREIN 
 as Lenders 
 and 
 KEYBANK NATIONAL ASSOCIATION 
 as Lead Arranger, Sole Book Runner and Administrative Agent 
 SILICON
VALLEY BANK 
 as Co-Syndication Agent 
 WELLS FARGO FOOTHILL, LLC 
 as Co-Syndication Agent 
 and 
 COMERICA BANK 

as Documentation Agent 
  

 dated as of 
 December 21, 2007 
  

  

 TABLE OF CONTENTS 
  

					
	 	  	 	  	Page
	ARTICLE I. DEFINITIONS	  	1
	 Section 1.1.
	  	Definitions	  	1
	 Section 1.2.
	  	Accounting Terms	  	26
	 Section 1.3.
	  	Terms Generally	  	27
		
	ARTICLE II. AMOUNT AND TERMS OF CREDIT	  	27
	 Section 2.1.
	  	Amount and Nature of Credit	  	27
	 Section 2.2.
	  	Revolving Credit	  	28
	 Section 2.3.
	  	Term Loan	  	32
	 Section 2.4.
	  	Interest	  	32
	 Section 2.5.
	  	Evidence of Indebtedness	  	34
	 Section 2.6.
	  	Notice of Credit Event; Funding of Loans	  	34
	 Section 2.7.
	  	Payment on Loans and Other Obligations	  	35
	 Section 2.8.
	  	Prepayment	  	36
	 Section 2.9.
	  	Commitment and Other Fees; Reduction of Revolving Credit Commitment	  	37
	 Section 2.10.
	  	Computation of Interest and Fees	  	37
	 Section 2.11.
	  	Mandatory Payments	  	38
		
	ARTICLE III. ADDITIONAL PROVISIONS RELATING TO EURODOLLAR LOANS; INCREASED CAPITAL; TAXES	  	41
	 Section 3.1.
	  	Requirements of Law	  	41
	 Section 3.2.
	  	Taxes	  	42
	 Section 3.3.
	  	Funding Losses	  	43
	 Section 3.4.
	  	Eurodollar Rate Lending Unlawful; Inability to Determine Rate	  	44
	 Section 3.5.
	  	Change of Lending Office	  	44
	 Section 3.6.
	  	Replacement of Lenders	  	45
	 Section 3.7.
	  	Discretion of Lenders as to Manner of Funding	  	45
		
	ARTICLE IV. CONDITIONS PRECEDENT	  	45
	 Section 4.1.
	  	Conditions to Each Credit Event	  	45
	 Section 4.2.
	  	Conditions to the First Credit Event	  	46
	 Section 4.3.
	  	Post-Closing Conditions	  	48
		
	ARTICLE V. COVENANTS	  	49
	 Section 5.1.
	  	Insurance	  	49
	 Section 5.2.
	  	Money Obligations	  	49
	 Section 5.3.
	  	Financial Statements and Information	  	49
	 Section 5.4.
	  	Financial Records	  	50
	 Section 5.5.
	  	Franchises; Change in Business	  	51
	 Section 5.6.
	  	ERISA Pension and Benefit Plan Compliance	  	51
	 Section 5.7.
	  	Financial Covenants	  	52
	 Section 5.8.
	  	Borrowing	  	52
	 Section 5.9.
	  	Liens	  	53
	 Section 5.10.
	  	Regulations T, U and X	  	54
	 Section 5.11.
	  	Investments, Loans and Guaranties	  	54

  

 i 

 TABLE OF CONTENTS 
  

					
	 	  	 	  	Page
	 Section 5.12.
	  	Merger and Sale of Assets	  	55
	 Section 5.13.
	  	Acquisitions	  	56
	 Section 5.14.
	  	Notice	  	57
	 Section 5.15.
	  	Restricted Payments	  	57
	 Section 5.16.
	  	Environmental Compliance	  	57
	 Section 5.17.
	  	Affiliate Transactions	  	58
	 Section 5.18.
	  	Use of Proceeds	  	58
	 Section 5.19.
	  	Corporate Names and Locations of Collateral	  	58
	 Section 5.20.
	  	Subsidiary Guaranties, Security Documents and Pledge of Stock or Other Ownership Interest	  	58
	 Section 5.21.
	  	Collateral	  	59
	 Section 5.22.
	  	Property Acquired Subsequent to the Closing Date and Right to Take Additional Collateral	  	61
	 Section 5.23.
	  	Restrictive Agreements	  	61
	 Section 5.24.
	  	Other Covenants	  	61
	 Section 5.25.
	  	Amendment of Organizational Documents	  	62
	 Section 5.26.
	  	Further Assurances	  	62
		
	ARTICLE VI. REPRESENTATIONS AND WARRANTIES	  	62
	 Section 6.1.
	  	Corporate Existence; Subsidiaries; Foreign Qualification	  	62
	 Section 6.2.
	  	Corporate Authority	  	62
	 Section 6.3.
	  	Compliance with Laws and Contracts	  	63
	 Section 6.4.
	  	Litigation and Administrative Proceedings	  	63
	 Section 6.5.
	  	Title to Assets	  	64
	 Section 6.6.
	  	Liens and Security Interests	  	64
	 Section 6.7.
	  	Tax Returns	  	64
	 Section 6.8.
	  	Environmental Laws	  	64
	 Section 6.9.
	  	Locations	  	65
	 Section 6.10.
	  	ERISA Plans	  	65
	 Section 6.11.
	  	Consents or Approvals	  	65
	 Section 6.12.
	  	Solvency	  	66
	 Section 6.13.
	  	Financial Statements	  	66
	 Section 6.14.
	  	Regulations	  	66
	 Section 6.15.
	  	Material Agreements	  	66
	 Section 6.16.
	  	Intellectual Property	  	66
	 Section 6.17.
	  	Insurance	  	66
	 Section 6.18.
	  	Deposit Accounts	  	67
	 Section 6.19.
	  	Complete Statements	  	67
	 Section 6.20.
	  	Investment Company; Other Restrictions	  	67
	 Section 6.21.
	  	Defaults	  	67
		
	ARTICLE VII. SECURITY	  	67
	 Section 7.1.
	  	Security Interest in Collateral	  	67
	 Section 7.2.
	  	Collections and Receipt of Proceeds by Borrower	  	67
	 Section 7.3.
	  	Collections and Receipt of Proceeds by Agent	  	68

  

 ii 

 TABLE OF CONTENTS 
  

					
	 	  	 	  	Page
	 Section 7.4.
	  	Agent’s Authority Under Pledged Notes	  	69
	 Section 7.5.
	  	Use of Inventory and Equipment	  	70
		
	ARTICLE VIII. EVENTS OF DEFAULT	  	70
	 Section 8.1.
	  	Payments	  	70
	 Section 8.2.
	  	Special Covenants	  	70
	 Section 8.3.
	  	Other Covenants	  	70
	 Section 8.4.
	  	Representations and Warranties	  	70
	 Section 8.5.
	  	Cross Default	  	71
	 Section 8.6.
	  	ERISA Default	  	71
	 Section 8.7.
	  	Change in Control	  	71
	 Section 8.8.
	  	Judgments	  	71
	 Section 8.9.
	  	Security	  	71
	 Section 8.10.
	  	Validity of Loan Documents	  	72
	 Section 8.11.
	  	Solvency	  	72
		
	ARTICLE IX. REMEDIES UPON DEFAULT	  	72
	 Section 9.1.
	  	Optional Defaults	  	72
	 Section 9.2.
	  	Automatic Defaults	  	73
	 Section 9.3.
	  	Letters of Credit	  	73
	 Section 9.4.
	  	Offsets	  	73
	 Section 9.5.
	  	Equalization Provisions	  	74
	 Section 9.6.
	  	Collateral	  	75
	 Section 9.7.
	  	Other Remedies	  	76
	 Section 9.8.
	  	Application of Proceeds	  	76
		
	ARTICLE X. THE AGENT	  	77
	 Section 10.1.
	  	Appointment and Authorization	  	77
	 Section 10.2.
	  	Note Holders	  	77
	 Section 10.3.
	  	Consultation With Counsel	  	78
	 Section 10.4.
	  	Documents	  	78
	 Section 10.5.
	  	Agent and Affiliates	  	78
	 Section 10.6.
	  	Knowledge of Default	  	78
	 Section 10.7.
	  	Action by Agent	  	78
	 Section 10.8.
	  	Release of Collateral or Guarantor of Payment	  	79
	 Section 10.9.
	  	Delegation of Duties	  	79
	 Section 10.10.
	  	Indemnification of Agent	  	79
	 Section 10.11.
	  	Successor Agent	  	79
	 Section 10.12.
	  	Fronting Lender	  	80
	 Section 10.13.
	  	Swing Line Lender	  	80
	 Section 10.14.
	  	Agent May File Proofs of Claim	  	80
	 Section 10.15.
	  	No Reliance on Agent’s Customer Identification Program	  	81
	 Section 10.16.
	  	Other Agents	  	81
		
	ARTICLE XI. MISCELLANEOUS	  	81
	 Section 11.1.
	  	Lenders’ Independent Investigation	  	81

  

 iii 

 TABLE OF CONTENTS 
  

							
	 	  	 	  	 	  	Page

							
	 Section 11.2.
	  	No Waiver; Cumulative Remedies	  		  	81
	 Section 11.3.
	  	Amendments, Waivers and Consents	  		  	82
	 Section 11.4.
	  	Notices	  		  	83
	 Section 11.5.
	  	Costs, Expenses and Taxes	  		  	83
	 Section 11.6.
	  	Indemnification	  		  	84
	 Section 11.7.
	  	Obligations Several; No Fiduciary Obligations	  		  	84
	 Section 11.8.
	  	Execution in Counterparts	  		  	84
	 Section 11.9.
	  	Binding Effect; Borrower’s Assignment	  		  	85
	 Section 11.10.
	  	Lender Assignments	  		  	85
	 Section 11.11.
	  	Sale of Participations	  		  	86
	 Section 11.12.
	  	Patriot Act Notice	  		  	87
	 Section 11.13.
	  	Severability of Provisions; Captions; Attachments	  		  	88
	 Section 11.14.
	  	Investment Purpose	  		  	88
	 Section 11.15.
	  	Entire Agreement	  		  	88
	 Section 11.16.
	  	Legal Representation of Parties	  		  	88
	 Section 11.17.
	  	Governing Law; Submission to Jurisdiction	  		  	88
	 Section 11.18.
	  	Jury Trial Waiver	  	Signature Page 1
				
	Exhibit A	  	Form of Revolving Credit Note	  		  	
	Exhibit B	  	Form of Swing Line Note	  		  	
	Exhibit C	  	Form of Term Note	  		  	
	Exhibit D	  	Form of Notice of Loan	  		  	
	Exhibit E	  	Form of Compliance Certificate	  		  	
	Exhibit F	  	Form of Assignment and Acceptance Agreement	  		  	
		  		  		  	
	Schedule 1	  	Commitments of Lenders	  		  	
	Schedule 2	  	Guarantors of Payment	  		  	
	Schedule 3	  	Pledged Securities	  		  	
	Schedule 4	  	Pledged Notes	  		  	
	Schedule 5.8	  	Indebtedness	  		  	
	Schedule 5.9	  	Liens	  		  	
	Schedule 5.11	  	Permitted Foreign Subsidiary Loans and Investments	  		  	
	Schedule 6.1	  	Corporate Existence; Subsidiaries; Foreign Qualification	  		  	
	Schedule 6.4	  	Litigation and Administrative Proceedings	  		  	
	Schedule 6.5	  	Real Estate Owned by the Companies	  		  	
	Schedule 6.9	  	Locations	  		  	
	Schedule 6.10	  	Employee Benefits Plans	  		  	
	Schedule 6.15	  	Material Agreements	  		  	
	Schedule 6.16	  	Intellectual Property	  		  	
	Schedule 6.17	  	Insurance	  		  	
	Schedule 6.18	  	Deposit Accounts	  		  	

  

 iv 

 This CREDIT AND SECURITY AGREEMENT (as the same
may from time to time be amended, restated or otherwise modified, this “Agreement”) is made effective as of the 21st day of December, 2007 among:

 (a) NETSCOUT SYSTEMS, INC., a Delaware corporation (“Borrower”); 
 (b) the lenders listed on Schedule 1 hereto and each other Eligible Transferee, as hereinafter defined, that from time to time
becomes a party hereto pursuant to Section 11.10 hereof (collectively, the “Lenders” and, individually, each a “Lender”); 
 (c) KEYBANK NATIONAL ASSOCIATION, as the lead arranger, sole book runner and administrative agent for the Lenders under this Agreement (“Agent”); 
 (d) SILICON VALLEY BANK, as the co-syndication agent under this Agreement (“Co-Syndication Agent”); 
 (e) WELLS FARGO FOOTHILL, LLC, as the co-syndication agent under this Agreement (“Co-Syndication Agent”); and 
 (f) COMERICA BANK, as the documentation agent under this Agreement (“Documentation Agent”). 
 WITNESSETH: 
 WHEREAS, Borrower, Agent and
the Lenders desire to contract for the establishment of credits in the aggregate principal amounts hereinafter set forth, to be made available to Borrower upon the terms and subject to the conditions hereinafter set forth; 
 NOW, THEREFORE, it is mutually agreed as follows: 
 ARTICLE I. DEFINITIONS 
 Section 1.1. Definitions. As used in this Agreement, the following terms shall have the
meanings set forth below: 
 “Account” means all accounts, as defined in the U.C.C. 
 “Account Debtor” means any Person obligated to pay all or any part of any Account in any manner and includes (without limitation) any Guarantor
thereof. 
 “Acquisition” means any transaction or series of related transactions for the purpose of or resulting, directly or
indirectly, in (a) the acquisition of all or substantially all of the assets of any Person (other than a Company), or any business or division of any Person (other than a 

 
Company), (b) the acquisition of in excess of fifty percent (50%) of the outstanding capital stock (or other equity interest) of any Person (other
than a Company), or (c) the acquisition of another Person (other than a Company) by a merger, amalgamation or consolidation or any other combination with such Person. 
 “Advantage” means any payment (whether made voluntarily or involuntarily, by offset of any deposit or other indebtedness or otherwise) received
by any Lender (a) prior to an Equalization Event, in respect of the Applicable Debt, if such payment results in that Lender having less than its pro rata share (based upon its Applicable Commitment Percentage) of the Applicable Debt then
outstanding, and (b) on and after an Equalization Event, in respect of the Obligations, if such payment results in that Lender having less than its pro rata share (based upon its Equalization Percentage) of the Obligations then outstanding.

 “Affiliate” means any Person, directly or indirectly, controlling, controlled by or under common control with a Company and
“control” (including the correlative meanings, the terms “controlling”, “controlled by” and “under common control with”) means the power, directly or indirectly, to direct or cause the direction of the
management and policies of a Company, whether through the ownership of voting securities, by contract or otherwise. 
 “Agent”
means that term as defined in the first paragraph hereof. 
 “Agent Fee Letter” means the Agent Fee Letter between Borrower and
Agent, dated as of the Closing Date, as the same may from time to time be amended, restated or otherwise modified. 
 “Agreement”
means that term as defined in the first paragraph hereof. 
 “Applicable Commitment Fee Rate” means: 
 (a) for the period from the Closing Date through February 29, 2008, fifty (50.00) basis points; and 
 (b) commencing with the Consolidated financial statements of Borrower for the fiscal quarter ending December 31, 2007, the number of
basis points set forth in the following matrix, based upon the result of the computation of the Leverage Ratio as set forth in the Compliance Certificate for such fiscal quarter, shall be used to establish the number of basis points that will go
into effect on March 1, 2008 and thereafter, as provided below: 
  

			
	 Leverage Ratio
	  	 Applicable Commitment Fee Rate

	 Greater than or equal to 2.50 to 1.00
	  	50.00 basis points
		
	 Greater than or equal to 2.00 to 1.00 but less than 2.50 to 1.00
	  	45.00 basis points
		
	 Greater than or equal to 1.50 to 1.00 but less than 2.00 to 1.00
	  	35.00 basis points
		
	 Greater than or equal to 1.00 to 1.00 but less than 1.50 to 1.00
	  	25.00 basis points
		
	 Less than 1.00 to 1.00
	  	20.00 basis points

  

 2 

 After March 1, 2008, changes to the Applicable Commitment Fee Rate shall be effective on the first day of each
calendar month following the date upon which Agent should have received, pursuant to Section 5.3(a) and (b) hereof, the Consolidated financial statements of Borrower. The above matrix does not modify or waive, in any respect, the
requirements of Section 5.7 hereof, the rights of Agent and the Lenders to charge the Default Rate, or the rights and remedies of Agent and the Lenders pursuant to Articles VIII and IX hereof. Notwithstanding anything herein to the contrary,
(i) during any period when Borrower shall have failed to timely deliver the Consolidated financial statements pursuant to Section 5.3(a) or (b) hereof, or the Compliance Certificate pursuant to Section 5.3(c) hereof, until such
time as the appropriate Consolidated financial statements and Compliance Certificate are delivered, the Applicable Commitment Fee Rate shall be the highest rate per annum indicated in the above pricing grid regardless of the Leverage Ratio at such
time, and (ii) in the event that any financial information or certification provided to Agent in the Compliance Certificate is shown to be inaccurate (regardless of whether this Agreement or the Commitment is in effect when such inaccuracy is
discovered), and such inaccuracy, if corrected, would have led to the application of a higher Applicable Commitment Fee Rate for any period (an “Applicable Commitment Fee Period”) than the Applicable Commitment Fee Rate applied for such
Applicable Commitment Fee Period, then (A) Borrower shall immediately deliver to Agent a corrected Compliance Certificate for such Applicable Commitment Fee Period, (B) the Applicable Commitment Fee Rate shall be determined based on such
corrected Compliance Certificate, and (C) Borrower shall immediately pay to Agent the accrued additional interest owing as a result of such increased Applicable Commitment Fee Rate for such Applicable Commitment Fee Period. 
 “Applicable Commitment Percentage” means, for each Lender: 
 (a) with respect to the Revolving Credit Commitment, the percentage, if any, set forth opposite such Lender’s name under the column
headed “Revolving Credit Commitment Percentage”, as listed in Schedule 1 hereto; and 
 (b) with respect to
the Term Loan Commitment, the percentage, if any, set forth opposite such Lender’s name under the column headed “Term Loan Commitment Percentage”, as listed in Schedule 1 hereto. 
 “Applicable Debt” means: 
 (a) with respect to the Revolving Credit Commitment, collectively, (i) all Indebtedness incurred by Borrower to the Revolving Lenders pursuant to this Agreement and the other Loan Documents, and includes, without limitation, the
principal of and interest on all Revolving Loans and the Swing Loans and all obligations with respect to Letters of Credit, (ii) each extension, renewal or refinancing of the foregoing, in whole or in part, (iii) the commitment, prepayment
and other fees and amounts payable hereunder in connection with the Revolving Credit Commitment, and (iv) all Related Expenses incurred in connection with the foregoing; and 
  

 3 

 (b) with respect to the Term Loan Commitment, collectively, (i) all Indebtedness
incurred by Borrower to the Term Lenders pursuant to this Agreement and the other Loan Documents, and includes, without limitation, the principal of and interest on the Term Loan, (ii) each extension, renewal or refinancing of the foregoing in
whole or in part, (iii) all prepayment and other fees and amounts payable hereunder in connection with the Term Loan Commitment, and (iv) all Related Expenses incurred in connection with the foregoing. 
 “Applicable Margin” means: 
 (a) for the period from the Closing Date through February 29, 2008, three hundred (300.00) basis points for Eurodollar Loans and one hundred seventy-five (175.00) basis points for Base Rate Loans; and 
 (b) commencing with the Consolidated financial statements of Borrower for the fiscal quarter ending December 31, 2007, the number of
basis points (depending upon whether Loans are Eurodollar Loans or Base Rate Loans) set forth in the following matrix, based upon the result of the computation of the Leverage Ratio as set forth in the Compliance Certificate for such fiscal quarter,
shall be used to establish the number of basis points that will go into effect on March 1, 2008 and thereafter, as provided below: 
  

					
	 Leverage Ratio
	  	 Applicable Basis
 Points for
Eurodollar Loans
	  	 Applicable Basis
 Points for
 Base Rate Loans

	 Greater than or equal to 2.50 to 1.00
	  	300.00	  	175.00
			
	 Greater than or equal to 2.00 to 1.00 but less than 2.50 to 1.00
	  	275.00	  	150.00
			
	 Greater than or equal to 1.50 to 1.00 but less than 2.00 to 1.00
	  	250.00	  	125.00
			
	 Greater than or equal to 1.00 to 1.00 but less than 1.50 to 1.00
	  	225.00	  	100.00
			
	 Less than 1.00 to 1.00
	  	200.00	  	75.00

 After March 1, 2008, changes to the Applicable Margin shall be effective on the first day of each calendar
month following the date upon which Agent should have received, pursuant to Section 5.3(a) and (b) hereof, the Consolidated financial statements of Borrower. The above matrix does not modify or waive, in any respect, the requirements of
Section 5.7 hereof, the rights of Agent and the Lenders to charge the Default Rate, or the rights and remedies of Agent and the Lenders pursuant to Articles VIII and IX hereof. Notwithstanding anything herein to the contrary, (i) during
any period when Borrower shall have failed to timely deliver the Consolidated financial statements pursuant to Section 5.3(a) or (b) hereof, or the Compliance Certificate pursuant to 

  

 4 

 
Section 5.3(c) hereof, until such time as the appropriate Consolidated financial statements and Compliance Certificate are delivered, the Applicable
Margin shall be the highest rate per annum indicated in the above pricing grid for Loans of that type regardless of the Leverage Ratio at such time, and (ii) in the event that any financial information or certification provided to Agent in the
Compliance Certificate is shown to be inaccurate (regardless of whether this Agreement or the Commitment is in effect when such inaccuracy is discovered), and such inaccuracy, if corrected, would have led to the application of a higher Applicable
Margin for any period (an “Applicable Margin Period”) than the Applicable Margin applied for such Applicable Margin Period, then (A) Borrower shall immediately deliver to Agent a corrected Compliance Certificate for such Applicable
Margin Period, (B) the Applicable Margin shall be determined based on such corrected Compliance Certificate, and (C) Borrower shall immediately pay to Agent the accrued additional interest owing as a result of such increased Applicable
Margin for such Applicable Margin Period. 
 “Approved Fund” means any Person (other than a natural Person) that is engaged in
making, purchasing, holding or investing in bank loans and similar extensions of credit in the ordinary course of its business and that is administered or managed by (a) a Lender, (b) an Affiliate of a Lender, or (c) an entity or an
Affiliate of an entity that administers or manages a Lender. 
 “Assignment Agreement” means an Assignment and Acceptance Agreement
in the form of the attached Exhibit F. 
 “Authorized Officer” means a Financial Officer or other individual authorized by a
Financial Officer in writing (with a copy to Agent) to handle certain administrative matters in connection with this Agreement. 
 “Bank
Product Agreements” means those certain cash management service and other agreements entered into from time to time between a Company and Agent or a Lender (or an affiliate of a Lender) in connection with any of the Bank Products. 

“Bank Product Obligations” means all obligations, liabilities, contingent reimbursement obligations, fees, and expenses owing by a Company
to Agent or any Lender (or an affiliate of a Lender) pursuant to or evidenced by the Bank Product Agreements. 
 “Bank Products”
means any service or facility extended to a Company by Agent or any Lender (or an affiliate of a Lender) including (a) credit cards and credit card processing services, (b) debit and purchase cards, (c) ACH transactions, and
(d) cash management, including controlled disbursement, accounts or services. 
 “Base Rate” means a rate per annum equal to
the greater of (a) the Prime Rate or (b) one-half of one percent (.50%) in excess of the Federal Funds Effective Rate. Any change in the Base Rate shall be effective immediately from and after such change in the Base Rate. 
  

 5 

 “Base Rate Loan” means a Revolving Loan described in Section 2.2(a) hereof or a portion of
the Term Loan described in Section 2.3 hereof, that shall be denominated in Dollars and on which Borrower shall pay interest at a rate based on the Derived Base Rate. 
 “Borrower” means that term as defined in the first paragraph hereof. 
 “Borrower Investment Policy” means the investment policy guidelines of Borrower in effect as of the Closing Date, together with such
modifications made from time to time by Borrower. 
 “Business Day” means any day that is not a Saturday, a Sunday or
another day of the year on which national banks are authorized or required to close in Cleveland, Ohio, and, if the applicable Business Day relates to a Eurodollar Loan, a day of the year on which dealings in deposits are carried on in the London
interbank Eurodollar market. 
 “Capital Distribution” means a payment made, liability incurred or other consideration given by a
Company to any Person that is not a Company, for the purchase, acquisition, redemption, repurchase, payment or retirement of any capital stock or other equity interest of such Company or as a dividend, return of capital or other distribution (other
than any stock dividend, stock split or other equity distribution payable only in capital stock or other equity of such Company) in respect of such Company’s capital stock or other equity interest. 
 “Capitalized Lease Obligations” means obligations of the Companies for the payment of rent for any real or personal property under leases or
agreements to lease that, in accordance with GAAP, have been or should be capitalized on the books of the lessee and, for purposes hereof, the amount of any such obligation shall be the capitalized amount thereof determined in accordance with GAAP.

 “Carryover Amount” means that term as defined in Section 2.11(c)(i) hereof. 
 “Cash Collateral Account” means a commercial Deposit Account designated “cash collateral account” and maintained by Borrower with
Agent, without liability by Agent or the Lenders to pay interest thereon, from which account Agent, on behalf of the Lenders, shall have the exclusive right to withdraw funds until all of the Secured Obligations are paid in full. 
 “Cash Equivalent” means cash equivalents as determined in accordance with GAAP. 
 “Cash Security” means all cash, instruments, Deposit Accounts and other cash equivalents, whether matured or unmatured, whether collected or in
the process of collection, upon which Borrower presently has or may hereafter have any claim, wherever located, including but not limited to any of the foregoing that are presently or may hereafter be existing or maintained with, issued by, drawn
upon, or in the possession of Agent or any Lender. 
 “Change in Control” means (a) the acquisition of, or, if earlier, the
shareholder or director approval of the acquisition of, ownership or voting control, directly or indirectly, beneficially (within the meaning of Rules 13d-3 and 13d-5 of the Securities Exchange Act of 1934, as then in 

  

 6 

 
effect) or of record, on or after the Closing Date, by any Person or group (within the meaning of Sections 13d and 14d of the Securities Exchange Act of
1934, as then in effect), of shares representing more than forty percent (40%) of the aggregate ordinary Voting Power represented by the issued and outstanding capital stock of Borrower; (b) the occupation of a majority of the seats (other
than vacant seats) on the board of directors or other governing body of Borrower by Persons who were neither (i) nominated by the board of directors of Borrower nor (ii) appointed by directors so nominated; or (c) the occurrence of a
change in control, or other term of similar import used therein, as defined in any Material Indebtedness Agreement. 
 “Closing
Date” means the effective date of this Agreement as set forth in the first paragraph of this Agreement. 
 “Closing Fee
Letter” means the Closing Fee Letter between Borrower and Agent, dated as of the Closing Date. 
 “Code” means the Internal
Revenue Code of 1986, as amended, together with the rules and regulations promulgated thereunder. 
 “Collateral” means all of
Borrower’s existing and future (a) personal property; (b) Accounts, Investment Property, instruments, contract rights, chattel paper, documents, supporting obligations, letter-of-credit rights, Pledged Notes, if any, commercial tort
claims, General Intangibles, Inventory and Equipment; (c) funds now or hereafter on deposit in the Cash Collateral Account, if any; (d) Cash Security; and (e) Proceeds of any of the foregoing. 
 “Commitment” means the obligation hereunder of the Lenders, during the Commitment Period, to make Loans and to participate in the issuance of
Letters of Credit pursuant to the Revolving Credit Commitment and the Term Loan Commitment, up to the Total Commitment Amount. 
 “Commitment Period” means the period from the Closing Date to December 20, 2012, or such earlier date on which the Commitment shall have been terminated pursuant to Article IX hereof. 
 “Companies” means Borrower and all Subsidiaries. 
 “Company” means Borrower or a Subsidiary. 
 “Compliance Certificate” means a Compliance
Certificate in the form of the attached Exhibit E. 
 “Consideration” means, in connection with an Acquisition, the
aggregate consideration paid or to be paid, including borrowed funds, cash, deferred payments, the issuance of securities or notes, the assumption or incurring of liabilities (direct or contingent), the payment of consulting fees or fees for a
covenant not to compete and any other consideration paid or to be paid for such Acquisition. 
  

 7 

 “Consolidated” means the resultant consolidation of the financial statements of Borrower and
its Subsidiaries in accordance with GAAP, including principles of consolidation consistent with those applied in preparation of the consolidated financial statements referred to in Section 6.14 hereof. 
 “Consolidated Capital Expenditures” means, for any period, the amount of capital expenditures of Borrower (specifically including any software
development costs that are capitalized), as determined on a Consolidated basis and in accordance with GAAP. 
 “Consolidated
Depreciation and Amortization Charges” means, for any period, the aggregate of all depreciation and amortization charges for fixed assets, leasehold improvements and general intangibles (specifically including goodwill) of Borrower for such
period, as determined on a Consolidated basis and in accordance with GAAP. 
 “Consolidated EBITDA” means, for any period, as
determined on a Consolidated basis and in accordance with GAAP, an amount equal to: 
 (a) Consolidated Net Earnings for such
period plus, without duplication, the aggregate amounts deducted in determining such Consolidated Net Earnings in respect of: 
 (i) Consolidated Interest Expense; 
 (ii) Consolidated Income Tax Expense; 
 (iii) Consolidated Depreciation and Amortization Charges; 
 (iv) any deferred revenue purchase or inventory adjustment arising from the Network General Acquisition; 
 (v) non-recurring acquisition, transition, restructuring and other charges arising from the Network General Acquisition in an amount not
to exceed Fifteen Million Dollars ($15,000,000) in the aggregate for all such charges; 
 (vi) other non-recurring non-cash
charges (not incurred in connection with the Network General Acquisition) not to exceed Five Million Dollars ($5,000,000) during any fiscal quarter of Borrower; provided that such amount shall be increased to Twenty-Five Million Dollars
($25,000,000) to the extent such charges were incurred in connection with a write-down of goodwill or intangible assets; and 
 (vii) non-cash expenses incurred in connection with stock-based compensation; plus 
 (b) savings assumed to be
realized by the Companies from synergies arising from the Network General Acquisition as follows: (i) Three Million Six Hundred 

  

 8 

 
Twenty-Five Thousand Dollars ($3,625,000) for the fiscal quarter of Borrower ending March 31, 2007, (ii) Three Million Six Hundred Twenty-Five
Thousand Dollars ($3,625,000) for the fiscal quarter of Borrower ending June 30, 2007, (iii) Three Million Six Hundred Twenty-Five Thousand Dollars ($3,625,000) for the fiscal quarter of Borrower ending September 30, 2007, and
(iv) One Million Two Hundred Eight Thousand Dollars ($1,208,000) for the fiscal quarter of Borrower ending December 31, 2007; plus 
 (c) the following amounts added back in connection with the historical EBITDA of Network General and its subsidiaries: (i) Two Million Four Hundred Seventy-Three Thousand Dollars ($2,473,000) for the fiscal
quarter of Borrower ending March 31, 2007, (ii) Two Million Four Hundred Seventy-Three Thousand Dollars ($2,473,000) for the fiscal quarter of Borrower ending June 30, 2007, (iii) Two Million Four Hundred Seventy-Three Thousand
Dollars ($2,473,000) for the fiscal quarter of Borrower ending September 30, 2007, and (iv) Eight Hundred Twenty-Four Thousand Dollars ($824,000) for the fiscal quarter of Borrower ending December 31, 2007; minus 
 (d) to the extent included in Consolidated Net Earnings for such period, (i) non-recurring gains not incurred in the ordinary course
of business, and (ii) Consolidated Interest Income; 
 provided that, after the Closing Date, at any time an Acquisition is made pursuant to
Section 5.13 hereof or a Significant Asset Disposition occurs, Consolidated EBITDA shall be recalculated to include the EBITDA of the acquired company or exclude the EBITDA attributable to such Significant Asset Disposition (in each case with
pro-forma adjustments, reasonably acceptable to Agent and the Required Lenders) as if such Acquisition or Significant Asset Disposition had been completed on the first day of the relevant measuring period. 
 “Consolidated Fixed Charges” means, for any period, as determined on a Consolidated basis and in accordance with GAAP, the aggregate, without
duplication, of (a) Consolidated Interest Expense (including, without limitation, the “imputed interest” portion of Capitalized Lease Obligations, synthetic leases and asset securitizations, if any) paid in cash, (b) Consolidated
Income Tax Expense paid in cash, (c) scheduled principal payments on Consolidated Funded Indebtedness (other than optional prepayments of the Loans), (d) Capital Distributions, and (e) Consolidated Capital Expenditures; provided that
Consolidated Fixed Charges for (i) the fiscal quarter of Borrower ending March 31, 2007 shall be deemed to be Seven Million Eight Hundred Twenty-Three Thousand Dollars ($7,823,000), (ii) the fiscal quarter of Borrower ending
June 30, 2007 shall be deemed to be Five Million Ninety-Five Thousand Dollars ($5,095,000), and (iii) the fiscal quarter of Borrower ending September 30, 2007 shall be deemed to be Seven Million Two Hundred Sixty-Eight Thousand
Dollars ($7,268,000). For clarification purposes, financial information of a Person prior to the date such Person became a Company, or was merged into a Company, shall not be included in Consolidated Fixed Charges. 
  

 9 

 “Consolidated Funded Indebtedness” means, at any date, all Indebtedness (including, but not
limited to, current, long-term and Subordinated Indebtedness, if any) of Borrower, as determined on a Consolidated basis and in accordance with GAAP. 
 “Consolidated Income Tax Expense” means, for any period, all provisions for taxes based on the gross or net income of Borrower (including, without limitation, any additions to such taxes, and any penalties
and interest with respect thereto), and all franchise taxes of Borrower, as determined on a Consolidated basis and in accordance with GAAP. 
 “Consolidated Interest Expense” means, for any period, the interest expense of Borrower for such period, as determined on a Consolidated basis and in accordance with GAAP. 
 “Consolidated Interest Income” means, for any period, the interest income of Borrower for such period, as determined on a Consolidated basis
and in accordance with GAAP. 
 “Consolidated Net Earnings” means, for any period, the net income (loss) of Borrower for such
period, as determined on a Consolidated basis and in accordance with GAAP. 
 “Consolidated Net Worth” means, at any date, the
stockholders’ equity of Borrower, determined as of such date on a Consolidated basis and in accordance with GAAP. 
 “Consolidated
Working Capital” means, at any date, (a) the current assets of Borrower (excluding cash and Cash Equivalents), minus (b) the current liabilities of Borrower (excluding the current maturities of long-term Indebtedness); as determined
on a Consolidated basis and in accordance with GAAP. 
 “Control Agreement” means each Deposit Account Control Agreement among a
Credit Party, Agent and a depository institution, dated on or after the Closing Date, as the same may from time to time be amended, restated or otherwise modified. 
 “Controlled Group” means a Company and each Person required to be aggregated with a Company under Code Section 414(b), (c), (m) or (o). 
 “Co-Syndication Agent” means that term as defined in the first paragraph hereof. 
 “Credit Event” means the making by the Lenders of a Loan, the conversion by the Lenders of a Base Rate Loan to a Eurodollar Loan, the
continuation by the Lenders of a Eurodollar Loan after the end of the applicable Interest Period, the making by the Swing Line Lender of a Swing Loan, or the issuance (or amendment) by the Fronting Lender of a Letter of Credit. 
 “Credit Party” means Borrower and any Subsidiary or other Affiliate that is a Guarantor of Payment. 
  

 10 

 “Default” means an event or condition that constitutes, or with the lapse of any applicable
grace period or the giving of notice or both would constitute, an Event of Default, and that has not been waived by the Required Lenders (or, if applicable, all of the Lenders) in writing. 
 “Default Rate” means (a) with respect to any Loan, a rate per annum equal to two percent (2%) in excess of the rate otherwise
applicable thereto, and (b) with respect to any other amount, if no rate is specified or available, a rate per annum equal to two percent (2%) in excess of the Derived Base Rate from time to time in effect. 
 “Deposit Account” means (a) a deposit account, as defined in the U.C.C., (b) any other deposit account, and (c) any demand,
time, savings, checking, passbook or similar account maintained with a bank, savings and loan association, credit union, or similar organization. 
 “Depreciation and Amortization Charges” means, for any period, in accordance with GAAP, the aggregate of all such charges for fixed assets, leasehold improvements and general intangibles (specifically including goodwill) of a
Person for such period. 
 “Derived Base Rate” means a rate per annum equal to the sum of the Applicable Margin (from time to time
in effect) for Base Rate Loans plus the Base Rate. 
 “Derived Eurodollar Rate” means a rate per annum equal to the sum of the
Applicable Margin (from time to time in effect) for Eurodollar Loans plus the Eurodollar Rate. 
 “Disposition” means the lease,
transfer or other disposition of assets (whether in one or more than one transaction) by a Company, other than a sale, lease, transfer or other disposition made by a Company to another Company or in the ordinary course of business. 
 “Documentation Agent” means that term as defined in the first paragraph hereof. 
 “Dollar” or the $ sign means lawful money of the United States of America. 
 “Domestic Subsidiary” means a Subsidiary that is not a Foreign Subsidiary. 
 “Dormant Subsidiary” means, as of any date of determination, a Company that (a) is not a Credit Party, (b) has aggregate assets of
less than Fifty Thousand Dollars ($50,000), (c) generated less than One Million Dollars ($1,000,000) in annual revenue during the most recently completed fiscal year of Borrower, and (d) has no direct or indirect Subsidiaries (i) with
aggregate assets for all such Subsidiaries of more than Fifty Thousand Dollars ($50,000), or (ii) that generated, in the aggregate for all such Subsidiaries, more than One Million Dollars ($1,000,000) in annual revenue during the most recently
completed fiscal year of Borrower. 
 “EBITDA” means, for any period, in accordance with GAAP, Net Earnings for such period, plus
the aggregate amounts deducted in determining such Net Earnings in respect of (a) income taxes, (b) interest expense, and (c) Depreciation and Amortization Charges. 
  

 11 

 “Eligible Transferee” means (a) any Lender, any Affiliate of any Lender and any Approved
Fund, and (b) any commercial bank, insurance company, investment or mutual fund or other Person (other than a natural Person) that extends credit or buys loans of the type made hereunder as part of its principal business; provided that none of
the Company, any Affiliate of Company, or any Person acting at the direction of, or in concert with, any such Person, shall be an Eligible Transferee. 
 “Environmental Laws” means all provisions of law (including the common law), statutes, ordinances, codes, rules, guidelines, policies, procedures, orders-in-council, regulations, permits, licenses,
judgments, writs, injunctions, decrees, orders, awards and standards promulgated by a Governmental Authority or by any court, agency, instrumentality, regulatory authority or commission of any of the foregoing concerning environmental health or
safety and protection of, or regulation of the discharge of substances into, the environment. 
 “Equalization Event” means the
earlier of (a) the occurrence of an Event of Default under Section 8.11 hereof, or (b) the acceleration of the maturity of the Obligations after the occurrence of an Event of Default. 
 “Equalization Maximum Amount” means that term as defined in Section 9.5(b)(i) hereof. 
 “Equalization Percentage” means that term as defined in Section 9.5(b)(ii) hereof. 
 “Equipment” means all equipment, as defined in the U.C.C. 
 “ERISA” means the Employee Retirement Income Security Act of 1974, as amended from time to time, and the regulations promulgated pursuant thereto. 
 “ERISA Event” means (a) the existence of a condition or event with respect to an ERISA Plan that presents a material risk of the
imposition of a material excise tax or any other material liability on a Company or of the imposition of a Lien on the assets of a Company; (b) the engagement by a Controlled Group member in a non-exempt “prohibited transaction” (as
defined under ERISA Section 406 or Code Section 4975) or a breach of a fiduciary duty under ERISA that could result in material liability to a Company; (c) the application by a Controlled Group member for a waiver from the minimum
funding requirements of Code Section 412 or ERISA Section 302 or a Controlled Group member is required to provide security under Code Section 401(a)(29) or ERISA Section 307; (d) the occurrence of a Reportable Event with
respect to any Pension Plan as to which notice is required to be provided to the PBGC; (e) the withdrawal by a Controlled Group member from a Multiemployer Plan in a “complete withdrawal” or a “partial withdrawal” (as such
terms are defined in ERISA Sections 4203 and 4205, respectively); (f) the involvement of, or occurrence or existence of any event or condition that makes likely the involvement of, a Multiemployer Plan in any reorganization under ERISA
Section 4241; (g) the failure of an ERISA Plan (and any related trust) that is intended to be qualified under Code Sections 401 and 501 to be so qualified or the failure of any “cash or deferred arrangement” under any such ERISA
Plan to meet the requirements of Code Section 401(k); (h) the taking by the PBGC of any steps to terminate a Pension Plan or appoint a trustee to administer a Pension Plan, or the taking by a Controlled Group member of any steps to
terminate a Pension Plan; (i)

  

 12 

 
the failure by a Controlled Group member or an ERISA Plan to satisfy any material requirements of law applicable to an ERISA Plan; (j) the commencement,
existence or threatening of a claim, action, suit, audit or investigation with respect to an ERISA Plan, other than a routine claim for benefits or an audit conducted at the request of the sponsor of the ERISA Plan that is required for purposes of
ERISA or the Code; or (k) any incurrence by or any expectation of the incurrence by a Controlled Group member of any material liability for post-retirement benefits under any Welfare Plan, other than as required by ERISA Section 601,
et. seq. or Code Section 4980B. 
 “ERISA Plan” means an “employee benefit plan” (within the meaning
of ERISA Section 3(3)) that a Controlled Group member at any time sponsors, maintains, contributes to, has liability with respect to or has an obligation to contribute to such plan. 
 “Eurocurrency Liabilities” shall have the meaning assigned to that term in Regulation D of the Board of Governors of the Federal Reserve
System, as in effect from time to time. 
 “Eurodollar” means a Dollar denominated deposit in a bank or branch outside of the
United States. 
 “Eurodollar Loan” means a Revolving Loan described in Section 2.2(a) hereof or a portion of the Term Loan
described in Section 2.3 hereof, that shall be denominated in Dollars and on which Borrower shall pay interest at a rate based upon the Derived Eurodollar Rate. 
 “Eurodollar Rate” means, with respect to a Eurodollar Loan, for any Interest Period, a
rate per annum equal to the quotient obtained (rounded upwards, if necessary, to the nearest 1/16th of 1%) by dividing (a) the rate of interest,
determined by Agent in accordance with its usual procedures (which determination shall be conclusive absent manifest error) as of approximately 11:00 A.M. (London time) two Business Days prior to the beginning of such Interest Period pertaining to
such Eurodollar Loan, as listed on British Bankers Association Interest Rate LIBOR 01 or 02 as provided by Reuters or Bloomberg (or, if for any reason such rate is unavailable from Reuters or Bloomberg, from any other similar company or service that
provides rate quotations comparable to those currently provided by Reuters or Bloomberg) as the rate in the London interbank market for Dollar deposits in immediately available funds with a maturity comparable to such Interest Period, provided that,
in the event that such rate quotation is not available for any reason, then the Eurodollar Rate shall be the average (rounded upward to the nearest 1/16th of 1%) of the per annum rates at which deposits in immediately available funds in Dollars for
the relevant Interest Period and in the amount of the Eurodollar Loan to be disbursed or to remain outstanding during such Interest Period, as the case may be, are offered to Agent (or an affiliate of Agent, in Agent’s discretion) by prime
banks in any Eurodollar market reasonably selected by Agent, determined as of 11:00 A.M. (London time) (or as soon thereafter as practicable), two Business Days prior to the beginning of the relevant Interest Period pertaining to such Eurodollar
Loan; by (b) 1.00 minus the Reserve Percentage. 
 “Event of Default” means an event or condition that shall constitute
an event of default as defined in Article VIII hereof. 
  

 13 

 “Excess Cash Flow” means, for any period, as determined on a Consolidated basis and in
accordance with GAAP, an amount equal to (a) the sum, without duplication, of (i) Consolidated Net Earnings, (ii) Consolidated Depreciation and Amortization Charges, (iii) the absolute value of any net decrease in Consolidated
Working Capital, and (iv) Consolidated Income Tax Expenses, minus (b) the sum, without duplication, of (A) the aggregate amount of the voluntary, scheduled and mandatory principal payments (other than optional prepayments of Revolving
Loans or Swing Loans that do not result in a permanent reduction of the Maximum Revolving Amount) made with respect to Consolidated Funded Indebtedness for such period, (B) Capitalized Lease Payments, (C) Consolidated Capital Expenditures,
(D) Consolidated Income Tax Expenses paid in cash, and (E) any net increase in Consolidated Working Capital. 
 “Excess Cash
Flow Payment Period” means, with respect to any fiscal year of Borrower in which an Excess Cash Flow Mandatory Prepayment is required, the period from April 1 through July 15 of the following fiscal year of Borrower. 
 “Excluded Taxes” means, in the case of Agent and each Lender, taxes imposed on or measured by its overall net income or branch profits, and
franchise taxes imposed on it (in lieu of net income taxes), by the jurisdiction (or any political subdivision thereof) under the laws of which Agent or such Lender, as the case may be, is organized or in which its principal office is located, or,
in the case of any Lender, in which its applicable lending office is located. 
 “Federal Funds Effective Rate” means, for any day,
the rate per annum (rounded upward to the nearest one one-hundredth of one percent (1/100 of 1%)) announced by the Federal Reserve Bank of New York (or any successor) on such day as being the weighted average of the rates on overnight federal funds
transactions arranged by federal funds brokers on the previous trading day, as computed and announced by such Federal Reserve Bank (or any successor) in substantially the same manner as such Federal Reserve Bank computes and announces the weighted
average it refers to as the “Federal Funds Effective Rate” as of the Closing Date. 
 “Financial Officer” means any of
the following officers: chief executive officer, president, chief financial officer, chief accounting officer or treasurer. Unless otherwise qualified, all references to a Financial Officer in this Agreement shall refer to a Financial Officer of
Borrower. 
 “Fixed Charge Coverage Ratio” means, as determined for the most recently completed four fiscal quarters of Borrower,
on a Consolidated basis and in accordance with GAAP, the ratio of (a) Consolidated EBITDA to (b) Consolidated Fixed Charges. 
 “Foreign Subsidiary” means a Subsidiary that is organized under the laws of any jurisdiction other than the United States, any State thereof or the District of Columbia. 
 “Fronting Lender” means, as to any Letter of Credit transaction hereunder, Agent as issuer of the Letter of Credit, or, in the event that Agent
either shall be unable to issue or shall agree that another Revolving Lender may issue, a Letter of Credit, such other Revolving Lender as shall agree to issue the Letter of Credit in its own name, but in each instance on behalf of the Revolving
Lenders hereunder. 
  

 14 

 “GAAP” means generally accepted accounting principles in the United States as then in effect,
which shall include the official interpretations thereof by the Financial Accounting Standards Board, applied on a basis consistent with the past accounting practices and procedures of Borrower. For clarification purposes, to the extent that this
Agreement requires financial terms to be determined in accordance with GAAP and GAAP is not applicable to such financial concept, then such term need not be determined in accordance with GAAP. 
 “General Intangibles” means all (a) general intangibles, as defined in the U.C.C.; and (b) choses in action, causes of action,
intellectual property, customer lists, corporate or other business records, inventions, designs, patents, patent applications, service marks, registrations, trade names, trademarks, copyrights, licenses, goodwill, computer software, rights to
indemnification and tax refunds. 
 “Governmental Authority” means any nation or government, any state, province or territory or
other political subdivision thereof, any governmental agency, department, authority, instrumentality, regulatory body, court, central bank or other governmental entity exercising executive, legislative, judicial, taxing, regulatory or administrative
functions of or pertaining to government, any securities exchange and any self-regulatory organization exercising such functions. 
 “Guarantor” means a Person that shall have pledged its credit or property in any manner for the payment or other performance of the indebtedness, contract or other obligation of another and includes (without limitation) any
guarantor (whether of payment or of collection), surety, co-maker, endorser or Person that shall have agreed conditionally or otherwise to make any purchase, loan or investment in order thereby to enable another to prevent or correct a default of
any kind. 
 “Guarantor of Payment” means each of the Companies set forth on Schedule 2 hereto, each of which is executing
and delivering a Guaranty of Payment on the Closing Date, and any other Domestic Subsidiary that shall deliver a Guaranty of Payment to Agent subsequent to the Closing Date. 
 “Guaranty of Payment” means each Guaranty of Payment executed and delivered on or after the Closing Date in connection with this Agreement by
the Guarantors of Payment, as the same may from time to time be amended, restated or otherwise modified. 
 “Hedge Agreement” means
any (a) hedge agreement, interest rate swap, cap, collar or floor agreement, or other interest rate management device entered into by a Company with any Person in connection with any Indebtedness of such Company, or (b) currency swap
agreement, forward currency purchase agreement or similar arrangement or agreement designed to protect against fluctuations in currency exchange rates entered into by a Company. 
 “Indebtedness” means, for any Company, without duplication, (a) all obligations to repay borrowed money, direct or indirect, incurred,
assumed, or guaranteed, (b) all obligations in respect of the deferred purchase price of property or services (other than trade accounts payable 

  

 15 

 
in the ordinary course of business), (c) all obligations under conditional sales or other title retention agreements, (d) all obligations
(contingent or otherwise) under any letter of credit or banker’s acceptance, (e) all net obligations under any currency swap agreement, interest rate swap, cap, collar or floor agreement or other interest rate management device or any
Hedge Agreement, (f) all synthetic leases, (g) Capitalized Lease Obligations, (h) all obligations of such Company with respect to asset securitization financing programs to the extent that there is recourse against such Company or
such Company is liable (contingent or otherwise) under any such program, (i) all obligations to advance funds to, or to purchase assets, property or services from, any other Person in order to maintain the financial condition of such Person,
(j) all indebtedness of the types referred to in subparts (a) through (i) above of any partnership or joint venture (other than a joint venture that is itself a corporation or limited liability company) in which such Company is a
general partner or joint venturer, unless such indebtedness is expressly made non-recourse to such Company, (k) any other transaction (including forward sale or purchase agreements) having the commercial effect of a borrowing of money entered
into by such Company to finance its operations or capital requirements, and (l) any guaranty of any obligation described in subparts (a) through (k) hereof; provided that, for clarification purposes, Indebtedness shall not include
(i) operating leases, (ii) prepaid or deferred revenue sharing arising in the ordinary course of business, and (iii) purchase price holdbacks arising in the ordinary course of business in respect of a portion of the purchase price of
an asset to satisfy warranty or other unperformed obligations of the seller of such assets. 
 “Intellectual Property Security
Agreement” means an Intellectual Property Security Agreement executed and delivered on or after the Closing Date by Borrower or a Guarantor of Payment, wherein Borrower or such Guarantor of Payment, as the case may be, has granted to Agent, for
the benefit of the Lenders, a security interest in all intellectual property owned by Borrower or such Guarantor of Payment, as the same may from time to time be amended, restated or otherwise modified. 
 “Interest Adjustment Date” means the last day of each Interest Period. 
 “Interest Period” means, with respect to a Eurodollar Loan, the period commencing on the date such Eurodollar Loan is made and ending on the
last day of such period, as selected by Borrower pursuant to the provisions hereof, and, thereafter (unless such Eurodollar Loan is converted to a Base Rate Loan), each subsequent period commencing on the last day of the immediately preceding
Interest Period and ending on the last day of such period, as selected by Borrower pursuant to the provisions hereof. The duration of each Interest Period for a Eurodollar Loan shall be one month, two months, three months or six months, in each case
as Borrower may select upon notice, as set forth in Section 2.6 hereof; provided that, if Borrower shall fail to so select the duration of any Interest Period at least three Business Days prior to the Interest Adjustment Date applicable to such
Eurodollar Loan, Borrower shall be deemed to have converted such Eurodollar Loan to a Base Rate Loan at the end of the then current Interest Period. 
 “Inventory” means all inventory, as defined in the U.C.C. 
  

 16 

 “Investment Property” means all investment property, as defined in the U.C.C., unless the
Uniform Commercial Code as in effect in another jurisdiction would govern the perfection and priority of a security interest in investment property, and, in such case, “investment property” shall be defined in accordance with the law of
that jurisdiction as in effect from time to time. 
 “KeyBank” means KeyBank National Association, and its successors and assigns.

 “Landlord’s Waiver” means a landlord’s waiver or mortgagee’s waiver, each in form and substance satisfactory to
Agent, delivered by a Company in connection with this Agreement, as such waiver may from time to time be amended, restated or otherwise modified. 
 “Lender” means that term as defined in the first paragraph hereof and, as the context requires, shall include the Fronting Lender and the Swing Line Lender. 
 “Lender Credit Exposure” means, for any Lender, at any time, the aggregate of such Lender’s respective pro rata shares of the Revolving
Credit Exposure and the Term Loan Exposure. 
 “Letter of Credit” means a standby letter of credit that shall be issued by the
Fronting Lender for the account of Borrower or a Guarantor of Payment, including amendments thereto, if any, and shall have an expiration date no later than the earlier of (a) one year after its date of issuance (provided that such Letter of
Credit may provide for the renewal thereof for additional one year periods), or (b) thirty (30) days prior to the last day of the Commitment Period. 
 “Letter of Credit Commitment” means the commitment of the Fronting Lender, on behalf of the Revolving Lenders, to issue Letters of Credit in an aggregate face amount of up to Five Million Dollars
($5,000,000). 
 “Letter of Credit Exposure” means, at any time, the sum of (a) the aggregate undrawn amount of all issued and
outstanding Letters of Credit, and (b) the aggregate of the draws made on Letters of Credit that have not been reimbursed by Borrower or converted to a Revolving Loan pursuant to Section 2.2(b)(iv) hereof. 
 “Leverage Ratio” means, as determined on a Consolidated basis and in accordance with GAAP, the ratio of (a) Consolidated Funded
Indebtedness (for the most recently completed fiscal quarter of Borrower), to (b) Consolidated EBITDA (for the most recently completed four fiscal quarters of Borrower). 
 “Lien” means any mortgage, deed of trust, security interest, lien (statutory or other), charge, assignment, hypothecation, encumbrance on,
pledge or deposit of, or conditional sale, leasing (other than Operating Leases), sale with a right of redemption or other title retention agreement and any capitalized lease with respect to any property (real or personal) or asset. 
 “Liquidity Amount” means, at any time, the sum, without duplication, of (a) (i) the Maximum Revolving Amount, minus (ii) the
Revolving Credit Exposure; plus (b) all unencumbered and unrestricted (except as to any Lien of Agent, for the benefit of the Lenders) 

  

 17 

 
cash on hand of the Credit Parties held at financial institutions located in the United States; plus (c) all unencumbered and unrestricted (except as to
any Lien of Agent, for the benefit of the Lenders) Cash Equivalents of the Credit Parties; plus (d) all unencumbered and unrestricted (except as to any Lien of Agent, for the benefit of the Lenders) marketable securities of the Credit Parties
acquired in a manner consistent with the Borrower Investment Policy and having maturities of not more than one year from the date of acquisition thereof; as determined on a Consolidated basis and in accordance with GAAP. 
 “Loan” means a Revolving Loan, a Swing Loan or the Term Loan granted to Borrower by the Lenders in accordance with Section 2.2 or 2.3
hereof. 
 “Loan Documents” means, collectively, this Agreement, each Note, each Guaranty of Payment, all documentation relating to
each Letter of Credit, each Security Document, the Agent Fee Letter and the Closing Fee Letter, as any of the foregoing may from time to time be amended, restated or otherwise modified or replaced, and any other document delivered pursuant thereto.

 “Mandatory Prepayment” means that term as defined in Section 2.11(c) hereof. 
 “Material Adverse Effect” means (a) a material adverse effect on the business, assets, liabilities (actual or contingent), operations or
condition (financial or otherwise) of the Companies taken as a whole, (b) the material impairment of the ability of any Credit Party to perform its obligations under any Loan Document to which it is a party, or (c) the legality, validity,
binding effect or enforceability against any Credit Party of any Loan Document to which it is a party. 
 “Material Agreement”
means any contract or agreement of a Company required to be filed with the SEC pursuant to Item 601 of Regulation S-K promulgated under the Securities and Exchange Act of 1934, as amended. 
 “Material Foreign Subsidiary” means a Foreign Subsidiary of Borrower (a) with assets (including Subsidiaries of such Foreign Subsidiary)
in excess of two percent (2%) of Consolidated total assets of Borrower, or (b) with revenues (including Subsidiaries of such Foreign Subsidiary) in excess of two percent (2%) of Consolidated total revenues of Borrower. 
 “Material Indebtedness Agreement” means any debt instrument, capital lease, guaranty, contract, commitment, agreement or other arrangement
evidencing or entered into in connection with any Indebtedness of any Company or the Companies in excess of the amount of Five Million Dollars ($5,000,000). 
 “Material Recovery Determination Notice” means that term as defined in Section 2.11(c)(v) hereof. 
 “Material Recovery Event” means (a) any casualty loss in respect of assets of Borrower or a Domestic Subsidiary covered by casualty insurance, and (b) any compulsory transfer or taking under threat of compulsory transfer
of any asset of Borrower or a Domestic Subsidiary by 

  

 18 

 
any Governmental Authority; provided that, in the case of either (a) or (b), the proceeds received by the Companies from any such loss, transfer or
taking exceeds One Million Dollars ($1,000,000). 
 “Maximum Amount” means, for each Lender, the amount set forth opposite such
Lender’s name under the column headed “Maximum Amount” as set forth on Schedule 1 hereto, subject to decreases determined pursuant to Section 2.9(c) hereof and assignments of interests pursuant to Section 11.10
hereof; provided that the Maximum Amount for the Swing Line Lender shall exclude the Swing Line Commitment (other than its pro rata share), and the Maximum Amount of the Fronting Lender shall exclude the Letter of Credit Commitment (other than its
pro rata share). 
 “Maximum Rate” means that term as defined in Section 2.4(e) hereof. 
 “Maximum Revolving Amount” means Ten Million Dollars ($10,000,000), as such amount may be reduced pursuant to Section 2.9(c) hereof.

 “Moody’s” means Moody’s Investors Service, Inc., and any successor to such company. 
 “Multiemployer Plan” means a Pension Plan that is subject to the requirements of Subtitle E of Title IV of ERISA. 
 “Net Earnings” means, for any period, the net income (loss) for such period, determined in accordance with GAAP. 
 “Network General” means Network General Central Corporation, a Delaware corporation. 
 “Network General Acquisition” means the Acquisition of Network General and its subsidiaries by Borrower, consummated on or about
November 1, 2007. 
 “Non-Credit Party” means a Company that is not a Credit Party. 
 “Non-Credit Party Exposure” means the aggregate amount, incurred on or after the Closing Date, of loans by a Credit Party to, investments by a
Credit Party in, guaranties by a Credit Party of Indebtedness of, and Letters of Credit issued to or for the benefit of, a Subsidiary that is a Non-Credit Party. 
 “Non-U.S. Lender” means that term as defined in Section 3.2(c) hereof. 
 “Note”
means a Revolving Credit Note, the Swing Line Note or a Term Note, or any other promissory note delivered pursuant to this Agreement. 
 “Notice of Loan” means a Notice of Loan in the form of the attached Exhibit D. 
  

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 “Obligations” means, collectively, (a) all Indebtedness and other obligations incurred by
Borrower to Agent, the Swing Line Lender, the Fronting Lender or any Lender (or any affiliate thereof) pursuant to this Agreement and the other Loan Documents, and includes the principal of and interest on all Loans and all obligations pursuant to
Letters of Credit; (b) each extension, renewal or refinancing of the foregoing, in whole or in part; (c) the commitment and other fees, and any prepayment fees payable hereunder; (d) all fees and charges in connection with the Letters
of Credit; and (e) all Related Expenses. 
 “Operating Leases” means all real or personal property leases under which any
Company is bound or obligated as a lessee or sublessee and which, under GAAP, are not required to be capitalized on a balance sheet of such Company; provided, however, that Operating Leases shall not include any such lease under which any Company is
also bound as the lessor or sublessor. 
 “Organizational Documents” means, with respect to any Person (other than an individual),
such Person’s Articles (Certificate) of Incorporation, operating agreement or equivalent formation documents, and Regulations (Bylaws), or equivalent governing documents, and any amendments to any of the foregoing. 
 “Other Taxes” means any and all present or future stamp or documentary taxes or any other excise, ad valorem or property taxes, goods and
services taxes, harmonized sales taxes and other sales taxes, use taxes, value added taxes, charges or similar taxes or levies arising from any payment made hereunder or from the execution, delivery or enforcement of, or otherwise with respect to,
this Agreement or any other Loan Document. 
 “Overall Commitment Percentage” means, for any Lender, the percentage determined by
dividing (a) the sum, based upon such Lender’s Applicable Commitment Percentages, of (i) the principal outstanding under the Term Loan Commitment, (ii) the aggregate principal amount of Revolving Loans outstanding, (iii) the
Swing Line Exposure, and (iv) the Letter of Credit Exposure; by (b) the sum of (A) the aggregate principal amount of all Loans outstanding, plus (B) the Letter of Credit Exposure. 
 “Participant” means that term as defined in Section 11.11 hereof. 
 “Patriot Act” means Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001,
USA Patriot Act, Title III of Pub. L. 107-56, signed into law October 26, 2001, as amended from time to time. 
 “PBGC” means
the Pension Benefit Guaranty Corporation, and its successor. 
 “Pension Plan” means an ERISA Plan that is a “pension
plan” (within the meaning of ERISA Section 3(2)). 
 “Permitted Foreign Subsidiary Loans and Investments” means:

 (a) the investments by Borrower or a Domestic Subsidiary in a Foreign Subsidiary, existing as of the Closing Date and set
forth on Schedule 5.11 hereto; 
  

 20 

 (b) the loans by Borrower or a Domestic Subsidiary to a Foreign Subsidiary, in such
amounts existing as of the Closing Date and set forth on Schedule 5.11 hereto; 
 (c) any investment by a Foreign
Subsidiary in, or loan from a Foreign Subsidiary to, or guaranty from a Foreign Subsidiary of Indebtedness of, a Company; 
 (d) any Non-Credit Party Exposure (incurred after the Closing Date) with respect to a Foreign Subsidiary, not otherwise permitted under this definition, so long as the Non-Credit Party Exposure of all Credit Parties to all Foreign
Subsidiaries incurred pursuant to this subpart (d) during any fiscal year of Borrower does not exceed the greater of (i) Five Million Dollars ($5,000,000), or (ii) two percent (2%) of Borrower’s Consolidated gross revenues
for the most recent fiscal year of Borrower for which financial statements have been delivered to Agent pursuant to Section 5.3(b) hereof; and 
 (e) Investments in a Foreign Subsidiary, so long as, prior to the making of such Investment, such Foreign Subsidiary was a Subsidiary and such Investment is directly used for working capital purposes of such Foreign
Subsidiary; provided that the aggregate amount of all such Investments in all such Foreign Subsidiaries, as valued at the fair market value (determined by Borrower acting in good faith) of such Investment at the time each such Investment is made,
shall not cause the aggregate amount of all such Investments made pursuant to this subpart (e) to exceed Five Million Dollars ($5,000,000) per fiscal year of Borrower. For clarification purposes, Borrower’s payment to a Foreign Subsidiary
for standard costs of various services, plus a margin (consistent with past practice) over such costs, shall not constitute “working capital” under this subpart. 
 “Permitted Investment” means an investment of a Company, made after the Closing Date, in the stock (or other debt or equity instruments) of a
Person (other than a Company), so long as the aggregate amount of all such investments of all Companies does not exceed, at any time, an aggregate amount (as determined when each such investment is made) of Five Million Dollars ($5,000,000).

 “Person” means any individual, sole proprietorship, partnership, joint venture, unincorporated organization, corporation,
limited liability company, unlimited liability company, institution, trust, estate, Governmental Authority or any other entity. 
 “Pledge Agreement” means each of the Pledge Agreements relating to the Pledged Securities executed and delivered to Agent, for the benefit of the Lenders, by Borrower or a Guarantor of Payment, as applicable, with respect to the
Pledged Securities, on or after the Closing Date, as the same may from time to time be amended, restated or otherwise modified. 
 “Pledged Notes” means the promissory notes payable to Borrower, as described on Schedule 4 hereto, and any additional or future promissory note that may hereafter from time to time be payable to Borrower. 
  

 21 

 “Pledged Securities” means all of the shares of capital stock or other equity interest of a
Subsidiary of Borrower, whether now owned or hereafter acquired or created, and all proceeds thereof; provided that Pledged Securities shall only include up to sixty-five percent (65%) of the shares of voting capital stock or other voting
equity interest of any first-tier Foreign Subsidiary and shall not include any Foreign Subsidiary other than a first-tier Foreign Subsidiary. (Schedule 3 hereto lists, as of the Closing Date, all of the Pledged Securities.) 
 “Prime Rate” means the interest rate established from time to time by Agent as Agent’s prime rate, whether or not such rate shall be
publicly announced; the Prime Rate may not be the lowest interest rate charged by Agent for commercial or other extensions of credit. Each change in the Prime Rate shall be effective immediately from and after such change. 
 “Proceeds” means (a) proceeds, as defined in the U.C.C., and any other proceeds, and (b) whatever is received upon the sale,
exchange, collection or other disposition of Collateral or proceeds, whether cash or non-cash. Cash proceeds include, without limitation, moneys, checks and Deposit Accounts. Proceeds include, without limitation, any Account arising when the right
to payment is earned under a contract right, any insurance payable by reason of loss or damage to the Collateral, and any return or unearned premium upon any cancellation of insurance. Except as expressly authorized in this Agreement, the right of
Agent and the Lenders to Proceeds specifically set forth herein or indicated in any financing statement shall never constitute an express or implied authorization on the part of Agent or any Lender to a Company’s sale, exchange, collection or
other disposition of any or all of the Collateral. 
 “Register” means that term as described in Section 11.10(i) hereof.

 “Regularly Scheduled Payment Date” means the last day of each March, June, September and December of each year. 
 “Related Expenses” means any and all costs, liabilities and expenses (including, without limitation, losses, damages, penalties, claims,
actions, reasonable attorneys’ fees, legal expenses, judgments, suits and disbursements) (a) incurred by Agent, or imposed upon or asserted against Agent or any Lender, in any attempt by Agent and the Lenders to (i) obtain, preserve,
perfect or enforce any Loan Document or any security interest evidenced by any Loan Document; (ii) obtain payment, performance or observance of any and all of the Obligations; or (iii) maintain, insure, audit, collect, preserve, repossess
or dispose of any of the collateral securing the Obligations or any part thereof, including, without limitation, reasonable costs and expenses for appraisals, assessments and audits of any Company or any such collateral; or (b) incidental or
related to (a) above, including, without limitation, interest thereupon from the date incurred, imposed or asserted until paid at the Default Rate. 
 “Related Writing” means each Loan Document and any other assignment, mortgage, security agreement, guaranty agreement, subordination agreement, financial statement, audit report or other writing furnished by
any Credit Party, or any of its officers, to Agent or the Lenders pursuant to or otherwise in connection with this Agreement. 
  

 22 

 “Reportable Event” means any of the events described in Section 4043 of ERISA except where
notice is waived by the PBGC. 
 “Required Lenders” means the holders of at least fifty-one percent (51%), based upon each
Lender’s Applicable Commitment Percentages, of the sum of (a) the principal outstanding under the Term Loan Commitment; and (b) (i) during the Commitment Period, the Maximum Revolving Amount, or (ii) after the Commitment
Period, the sum of the aggregate principal amount of Revolving Loans outstanding, the Swing Line Exposure and the Letter of Credit Exposure. 
 “Requirement of Law” means, as to any Person, any law, treaty, rule or regulation or determination or policy statement or interpretation of an arbitrator or a court or other Governmental Authority, in each case applicable to or
binding upon such Person or any of its property. 
 “Reserve Percentage” means for any day that percentage (expressed as a decimal)
that is in effect on such day, as prescribed by the Board of Governors of the Federal Reserve System (or any successor) for determining the maximum reserve requirement (including, without limitation, all basic, supplemental, marginal and other
reserves and taking into account any transitional adjustments or other scheduled changes in reserve requirements) for a member bank of the Federal Reserve System in Cleveland, Ohio, in respect of Eurocurrency Liabilities. The Eurodollar Rate shall
be adjusted automatically on and as of the effective date of any change in the Reserve Percentage. 
 “Restricted Payment” means,
with respect to any Company, (a) any Capital Distribution, (b) any amount paid by such Company in repayment, redemption, retirement or repurchase, directly or indirectly, of any Subordinated Indebtedness, or (c) any amount paid by
such Company in respect of any management, consulting or other similar arrangement with any equity holder (other than a Company) of a Company or Affiliate that, when added to all such payments by all Companies, would result in excess of the
aggregate amount of Five Hundred Thousand Dollars ($500,000) in any fiscal year. 
 “Revolving Credit Commitment” means the
obligation hereunder, during the Commitment Period, of (a) the Revolving Lenders to make Revolving Loans, (b) the Fronting Lender to issue and the Revolving Lenders to participate in, Letters of Credit pursuant to the Letter of Credit
Commitment, and (c) the Swing Line Lender to make, and the Revolving Lenders to participate in, Swing Loans pursuant to the Swing Line Commitment; up to an aggregate principal amount outstanding at any time equal to the Maximum Revolving
Amount. 
 “Revolving Credit Exposure” means, at any time, the sum of (a) the aggregate principal amount of all Revolving
Loans outstanding, (b) the Swing Line Exposure, and (c) the Letter of Credit Exposure. 
 “Revolving Credit Note” means a
Revolving Credit Note, in the form of the attached Exhibit A, executed and delivered pursuant to Section 2.5(a) hereof. 
  

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 “Revolving Lender” means a Lender with a percentage of the Revolving Credit Commitment as set
forth on Schedule 1 hereto. 
 “Revolving Loan” means a Loan made to Borrower by the Revolving Lenders in accordance with
Section 2.2(a) hereof. 
 “SEC” means the United States Securities and Exchange Commission, or any governmental body or agency
succeeding to any of its principal functions. 
 “Secured Obligations” means, collectively, (a) the Obligations, (b) all
obligations and liabilities of the Companies owing to Lenders under Hedge Agreements, and (c) the Bank Product Obligations owing to Lenders under Bank Product Agreements. 
 “Security Agreement” means each Security Agreement, executed and delivered by a Guarantor of Payment in favor of Agent, for the benefit of the
Lenders, dated as of the Closing Date, and any other Security Agreement executed on or after the Closing Date, as the same may from time to time be amended, restated or otherwise modified. 
 “Security Documents” means each Security Agreement, each Pledge Agreement, each Intellectual Property Security Agreement, each Landlord’s
Waiver, each Control Agreement, each U.C.C. Financing Statement or similar filing as to a jurisdiction located outside of the United States of America filed in connection herewith or perfecting any interest created in any of the foregoing documents,
and any other document pursuant to which any Lien is granted by a Company to Agent, for the benefit of the Lenders, as security for the Secured Obligations, or any part thereof, and each other agreement executed in connection with any of the
foregoing, as any of the foregoing may from time to time be amended, restated or otherwise modified or replaced. 
 “Significant Asset
Disposition” means a Disposition or a related series of Dispositions in which the aggregate fair market value or book value, whichever is greater, of the assets sold, leased, transferred or otherwise disposed of shall be greater than or equal
to One Million Dollars ($1,000,000). 
 “Specific Commitment” means the Revolving Credit Commitment or the Term Loan Commitment.

 “Standard & Poor’s” means Standard & Poor’s Ratings Group, a division of McGraw-Hill, Inc., and any
successor to such company. 
 “Subordinated” means, as applied to Indebtedness, Indebtedness that shall have been subordinated (by
written terms or written agreement being, in either case, in form and substance satisfactory to Agent and the Required Lenders) in favor of the prior payment in full of the Obligations. 
 “Subordinated Creditor” means any Person that shall deliver a Subordination Agreement to Agent and the Lenders subsequent to the Closing Date.

  

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 “Subordinated Debt Documents” means each subordinated promissory note issued by a Credit Party
to a Subordinated Creditor, and all other promissory notes, instruments and agreements executed in connection therewith. 
 “Subordination Agreement” means a subordination agreement, to be in form and substance satisfactory to Agent and the Required Lenders, executed and delivered by a Subordinated Creditor in connection with this Agreement, as the
same may from time to time be amended, restated or otherwise modified. 
 “Subsidiary” means (a) a corporation more than fifty
percent (50%) of the Voting Power of which is owned, directly or indirectly, by Borrower or by one or more other subsidiaries of Borrower or by Borrower and one or more subsidiaries of Borrower, (b) a partnership, limited liability company
or unlimited liability company of which Borrower, one or more other subsidiaries of Borrower or Borrower and one or more subsidiaries of Borrower, directly or indirectly, is a general partner or managing member, as the case may be, or otherwise has
an ownership interest greater than fifty percent (50%) of all of the ownership interests in such partnership, limited liability company or unlimited liability company, or (c) any other Person (other than a corporation, partnership, limited
liability company or unlimited liability company) in which Borrower, one or more other subsidiaries of Borrower or Borrower and one or more subsidiaries of Borrower, directly or indirectly, has at least a majority interest in the Voting Power or the
power to elect or direct the election of a majority of directors or other governing body of such Person. 
 “Swing Line Commitment”
means the commitment of the Swing Line Lender to make Swing Loans to Borrower up to the aggregate amount at any time outstanding of Two Million Dollars ($2,000,000). 
 “Swing Line Exposure” means, at any time, the aggregate principal amount of all Swing Loans outstanding. 
 “Swing Line Lender” means KeyBank, as holder of the Swing Line Commitment. 
 “Swing Line Note” means the Swing
Line Note, in the form of the attached Exhibit B executed and delivered pursuant to Section 2.5(b) hereof. 
 “Swing
Loan” means a loan that shall be denominated in Dollars granted to Borrower by the Swing Line Lender under the Swing Line Commitment, in accordance with Section 2.2(c) hereof. 
 “Swing Loan Maturity Date” means, with respect to any Swing Loan, the earlier of (a) thirty (30) days after the date such Swing Loan
is made, or (b) the last day of the Commitment Period. 
 “Taxes” means any and all present or future taxes of any kind,
including but not limited to, levies, imposts, duties, surtaxes, charges, fees, deductions or withholdings now or hereafter imposed, levied, collected, withheld or assessed by any Governmental Authority (together with any interest, penalties, fines,
additions to taxes or similar liabilities with respect thereto) other than Excluded Taxes. 
  

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 “Term Lender” means a Lender with a percentage of the Term Loan Commitment as set forth on
Schedule 1 hereto. 
 “Term Loan” means the Loan granted to Borrower by the Term Lenders in the original principal amount of
One Hundred Million Dollars ($100,000,000), in accordance with Section 2.3 hereof. 
 “Term Loan Commitment” means the
obligation hereunder of the Term Lenders to make the Term Loan, with each Term Lender’s obligation to participate therein being in the amount set forth opposite such Term Lender’s name under the column headed “Term Loan Commitment
Amount” as set forth on Schedule 1 hereto, subject to assignments of interests pursuant to Section 11.10 hereof. 
 “Term Loan Exposure” means, at any time, the outstanding principal amount of the Term Loan. 
 “Term Note” means
a Term Note, in the form of the attached Exhibit C executed and delivered pursuant to Section 2.5(c) hereof. 
 “Total
Commitment Amount” means the principal amount of One Hundred Ten Million Dollars ($110,000,000), or such lesser amount as shall be determined pursuant to Section 2.9(c) hereof. 
 “U.C.C.” means the Uniform Commercial Code, as in effect from time to time in New York. 
 “U.C.C. Financing Statement” means a financing statement filed or to be filed in accordance with the Uniform Commercial Code, as in effect from
time to time, in the relevant state or states. 
 “Voting Power” means, with respect to any Person, the exclusive ability to
control, through the ownership of shares of capital stock, partnership interests, membership interests or otherwise, the election of members of the board of directors or other similar governing body of such Person. The holding of a designated
percentage of Voting Power of a Person means the ownership of shares of capital stock, partnership interests, membership interests or other interests of such Person sufficient to control exclusively the election of that percentage of the members of
the board of directors or similar governing body of such Person. 
 “Welfare Plan” means an ERISA Plan that is a “welfare
plan” within the meaning of ERISA Section 3(l). 
 Section 1.2. Accounting Terms. Any accounting term not specifically
defined in this Article I shall have the meaning ascribed thereto by GAAP. 
  

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 Section 1.3. Terms Generally. The foregoing definitions shall be applicable to the singular
and plural forms of the foregoing defined terms. Unless otherwise defined in this Article I, terms that are defined in the U.C.C. are used herein as so defined. 
 ARTICLE II. AMOUNT AND TERMS OF CREDIT 
 Section 2.1. Amount and Nature of Credit. 

(a) Subject to the terms and conditions of this Agreement, the Lenders, during the Commitment Period and to the extent hereinafter provided, shall make
Loans to Borrower, participate in Swing Loans made by the Swing Line Lender to Borrower, and issue or participate in Letters of Credit at the request of Borrower, in such aggregate amount as Borrower shall request pursuant to the Commitment;
provided, however, that in no event shall the aggregate principal amount of all Loans and Letters of Credit outstanding under this Agreement be in excess of the Total Commitment Amount. 
 (b) Each Lender, for itself and not one for any other, agrees to make Loans, participate in Swing Loans, and issue or participate in Letters of Credit,
during the Commitment Period, on such basis that, immediately after the completion of any borrowing by Borrower or the issuance of a Letter of Credit: 
 (i) the aggregate outstanding principal amount of Loans made by such Lender (other than Swing Loans made by the Swing Line Lender), when combined with such Lender’s pro rata share, if any, of the Letter of Credit
Exposure and the Swing Line Exposure, shall not be in excess of the Maximum Amount for such Lender; and 
 (ii) with respect
to each Specific Commitment, the aggregate outstanding principal amount of Loans (other than Swing Loans) made by such Lender with respect to such Specific Commitment shall represent that percentage of the aggregate principal amount then outstanding
on all Loans (other than Swing Loans) within such Specific Commitment that shall be such Lender’s Applicable Commitment Percentage. 
 Within each
Specific Commitment, each borrowing (other than Swing Loans which shall be risk participated on a pro rata basis) from the Lenders shall be made pro rata according to the respective Applicable Commitment Percentages of the Lenders. 
 (c) The Loans may be made as Revolving Loans as described in Section 2.2(a) hereof, as the Term Loan as described in Section 2.3 hereof, and as
Swing Loans as described in Section 2.2(c) hereof, and Letters of Credit may be issued in accordance with Section 2.2(b) hereof. 
  

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 Section 2.2. Revolving Credit. 
 (a) Revolving Loans. Subject to the terms and conditions of this Agreement, during the Commitment Period, the Revolving Lenders shall make a
Revolving Loan or Revolving Loans to Borrower in such amount or amounts as Borrower, through an Authorized Officer, may from time to time request, but not exceeding in aggregate principal amount at any time outstanding hereunder the Maximum
Revolving Amount, when such Revolving Loans are combined with the Letter of Credit Exposure and the Swing Line Exposure. Borrower shall have the option, subject to the terms and conditions set forth herein, to borrow Revolving Loans, maturing on the
last day of the Commitment Period, by means of any combination of Base Rate Loans or Eurodollar Loans. Subject to the provisions of this Agreement, Borrower shall be entitled under this Section 2.2(a) to borrow funds, repay the same in whole or
in part and re-borrow hereunder at any time and from time to time during the Commitment Period. 
 (b) Letters of Credit. 

(i) Generally. Subject to the terms and conditions of this Agreement, during the Commitment Period, the Fronting Lender shall,
in its own name, on behalf of the Revolving Lenders, issue such Letters of Credit for the account of Borrower or a Guarantor of Payment, as Borrower may from time to time request. Borrower shall not request any Letter of Credit (and the Fronting
Lender shall not be obligated to issue any Letter of Credit) if, after giving effect thereto, (A) the Letter of Credit Exposure would exceed the Letter of Credit Commitment, or (B) the Revolving Credit Exposure would exceed the Maximum
Revolving Amount. The issuance of each Letter of Credit shall confer upon each Revolving Lender the benefits and liabilities of a participation consisting of an undivided pro rata interest in the Letter of Credit to the extent of such Revolving
Lender’s Applicable Commitment Percentage. 
 (ii) Request for Letter of Credit. Each request for a Letter of
Credit shall be delivered to Agent (and to the Fronting Lender, if the Fronting Lender is a Lender other than Agent) by an Authorized Officer not later than 11:00 A.M. (Eastern time) three Business Days prior to the date of the proposed issuance of
the Letter of Credit (or such shorter period as may be acceptable to Agent or the Fronting Lender, if the Fronting Lender is a Lender other than Agent). Each such request shall be in a form acceptable to Agent (and the Fronting Lender, if the
Fronting Lender is a Lender other than Agent) and shall specify the face amount thereof, the account party, the beneficiary, the requested date of issuance, amendment, renewal or extension, the expiry date thereof, and the nature of the transaction
or obligation to be supported thereby. Concurrently with each such request, Borrower, and any Guarantor of Payment for whose account the Letter of Credit is to be issued, shall execute and deliver to the Fronting Lender an appropriate application
and agreement, being in the standard form of the Fronting Lender for such letters of credit, as amended to conform to the provisions of this Agreement if required by Agent. Agent shall give the Fronting Lender and each Revolving Lender notice of
each such request for a Letter of Credit. 
 (iii) Standby Letters of Credit. With respect to each Letter of Credit
that shall be a standby letter of credit and the drafts thereunder, if any, whether issued for the account of Borrower or any Guarantor of Payment, Borrower agrees to (A) pay to Agent, 

  

 28 

 
for the pro rata benefit of the Revolving Lenders, a non-refundable commission based upon the undrawn amount of such Letter of Credit, which shall be paid
quarterly in arrears, on each Regularly Scheduled Payment Date, at a rate per annum equal to the Applicable Margin for Eurodollar Loans (in effect on the Regularly Scheduled Payment Date) multiplied by the undrawn amount of such Letter of Credit;
(B) pay to Agent, for the sole benefit of the Fronting Lender, an additional Letter of Credit fee, which shall be paid on each date that such Letter of Credit shall be issued, amended or renewed at the rate of one-eighth percent (1/8%) of
the face amount of such Letter of Credit; and (C) pay to Agent, for the sole benefit of the Fronting Lender, such other issuance, amendment, negotiation, draw, acceptance, telex, courier, postage and similar transactional fees as are
customarily charged by the Fronting Lender in respect of the issuance and administration of similar letters of credit under its fee schedule as in effect from time to time. 
 (iv) Refunding of Letters of Credit with Revolving Loans. Whenever a Letter of Credit shall be drawn, Borrower shall immediately
reimburse the Fronting Lender for the amount drawn. In the event that the amount drawn shall not have been reimbursed by Borrower on the date of the drawing of such Letter of Credit, at the sole option of Agent (and the Fronting Lender, if the
Fronting Lender is a Lender other than Agent), Borrower shall be deemed to have requested a Revolving Loan, subject to the provisions of Sections 2.2(a) and 2.6 hereof (other than the requirement set forth in Section 2.6(d) hereof), in the
amount drawn. Such Revolving Loan shall be evidenced by the Revolving Credit Notes (or, if a Lender has not requested a Revolving Credit Note, by the records of Agent and such Lender). Each Revolving Lender agrees to make a Revolving Loan on the
date of such notice, subject to no conditions precedent whatsoever. Each Revolving Lender acknowledges and agrees that its obligation to make a Revolving Loan pursuant to Section 2.2(a) hereof when required by this Section 2.2(b)(iv) shall
be absolute and unconditional and shall not be affected by any circumstance whatsoever, including, without limitation, the occurrence and continuance of a Default or Event of Default, and that its payment to Agent, for the account of the Fronting
Lender, of the proceeds of such Revolving Loan shall be made without any offset, abatement, recoupment, counterclaim, withholding or reduction whatsoever and whether or not the Revolving Credit Commitment shall have been reduced or terminated.
Borrower irrevocably authorizes and instructs Agent to apply the proceeds of any borrowing pursuant to this Section 2.2(b)(iv) to reimburse, in full (other than the Fronting Lender’s pro rata share of such borrowing), the Fronting Lender
for the amount drawn on such Letter of Credit. Each such Revolving Loan shall be deemed to be a Base Rate Loan unless otherwise requested by and available to Borrower hereunder. Each Revolving Lender is hereby authorized to record on its records
relating to its Revolving Credit Note (or, if such Lender has not requested a Revolving Credit Note, its records relating to Revolving Loans) such Revolving Lender’s pro rata share of the amounts paid and not reimbursed on the Letters of
Credit. 
 (v) Participation in Letters of Credit. If, for any reason, Agent (and the Fronting Lender if the Fronting
Lender is a Lender other than Agent) shall be unable to or, in the opinion of Agent, it shall be impracticable to, convert any Letter of Credit to a Revolving Loan pursuant to the preceding subsection, Agent (and the Fronting Lender if 

  

 29 

 
the Fronting Lender is a Lender other than Agent) shall have the right to request that each Revolving Lender purchase a participation in the amount due with
respect to such Letter of Credit, and Agent shall promptly notify each Revolving Lender thereof (by facsimile or telephone, confirmed in writing). Upon such notice, but without further action, the Fronting Lender hereby agrees to grant to each
Revolving Lender, and each Revolving Lender hereby agrees to acquire from the Fronting Lender, an undivided participation interest in the amount due with respect to such Letter of Credit in an amount equal to such Revolving Lender’s Applicable
Commitment Percentage of the principal amount due with respect to such Letter of Credit. In consideration and in furtherance of the foregoing, each Revolving Lender hereby absolutely and unconditionally agrees, upon receipt of notice as provided
above, to pay to Agent, for the account of the Fronting Lender, such Revolving Lender’s ratable share of the amount due with respect to such Letter of Credit (determined in accordance with such Revolving Lender’s Applicable Commitment
Percentage). Each Revolving Lender acknowledges and agrees that its obligation to acquire participations in the amount due under any Letter of Credit that is drawn but not reimbursed by Borrower pursuant to this subsection (v) shall be absolute
and unconditional and shall not be affected by any circumstance whatsoever, including, without limitation, the occurrence and continuance of a Default or Event of Default, and that each such payment shall be made without any offset, abatement,
recoupment, counterclaim, withholding or reduction whatsoever and whether or not the Revolving Credit Commitment shall have been reduced or terminated. Each Revolving Lender shall comply with its obligation under this subsection (v) by wire
transfer of immediately available funds, in the same manner as provided in Section 2.6 hereof with respect to Revolving Loans. Each Revolving Lender is hereby authorized to record on its records such Revolving Lender’s pro rata share of
the amounts paid and not reimbursed on the Letters of Credit. 
 (c) Swing Loans. 
 (i) Generally. Subject to the terms and conditions of this Agreement, during the Commitment Period, the Swing Line Lender shall
make a Swing Loan or Swing Loans to Borrower in such amount or amounts as Borrower, through an Authorized Officer, may from time to time request; provided that Borrower shall not request any Swing Loan if, after giving effect thereto, (A) the
Revolving Credit Exposure would exceed the Maximum Revolving Amount, or (B) the Swing Line Exposure would exceed the Swing Line Commitment. Each Swing Loan shall be due and payable on the Swing Loan Maturity Date applicable thereto. 

(ii) Refunding of Swing Loans. If the Swing Line Lender so elects, by giving notice to Borrower and the Revolving Lenders,
Borrower agrees that the Swing Line Lender shall have the right, in its sole discretion, to require that any Swing Loan be refinanced as a Revolving Loan. Such Revolving Loan shall be a Base Rate Loan unless otherwise requested by and available to
Borrower hereunder. Upon receipt of such notice by Borrower and the Revolving Lenders, Borrower shall be deemed, on such day, to have requested a Revolving Loan in the principal amount of the Swing Loan in accordance with Sections 2.2(a) and 2.6
hereof (other than the requirement set forth in Section 2.6(d) 

  

 30 

 
hereof). Such Revolving Loan shall be evidenced by the Revolving Credit Notes (or, if a Revolving Lender has not requested a Revolving Credit Note, by the
records of Agent and such Revolving Lender). Each Revolving Lender agrees to make a Revolving Loan on the date of such notice, subject to no conditions precedent whatsoever. Each Revolving Lender acknowledges and agrees that such Revolving
Lender’s obligation to make a Revolving Loan pursuant to Section 2.2(a) hereof when required by this Section 2.2(c)(ii) is absolute and unconditional and shall not be affected by any circumstance whatsoever, including, without
limitation, the occurrence and continuance of a Default or Event of Default, and that its payment to Agent, for the account of the Swing Line Lender, of the proceeds of such Revolving Loan shall be made without any offset, abatement, recoupment,
counterclaim, withholding or reduction whatsoever and whether or not the Revolving Credit Commitment shall have been reduced or terminated. Borrower irrevocably authorizes and instructs Agent to apply the proceeds of any borrowing pursuant to this
Section 2.2(c)(ii) to repay in full such Swing Loan. Each Revolving Lender is hereby authorized to record on its records relating to its Revolving Credit Note (or, if such Revolving Lender has not requested a Revolving Credit Note, its records
relating to Revolving Loans) such Revolving Lender’s pro rata share of the amounts paid to refund such Swing Loan. 
 (iii) Participation in Swing Loans. If, for any reason, Agent is unable to or, in the opinion of Agent, it is impracticable to, convert any Swing Loan to a Revolving Loan pursuant to the preceding Section 2.2(c)(ii), then on any
day that a Swing Loan is outstanding (whether before or after the maturity thereof), Agent shall have the right to request that each Revolving Lender purchase a participation in such Swing Loan, and Agent shall promptly notify each Revolving Lender
thereof (by facsimile or telephone, confirmed in writing). Upon such notice, but without further action, the Swing Line Lender hereby agrees to grant to each Revolving Lender, and each Revolving Lender hereby agrees to acquire from the Swing Line
Lender, an undivided participation interest in such Swing Loan in an amount equal to such Revolving Lender’s Applicable Commitment Percentage of the principal amount of such Swing Loan. In consideration and in furtherance of the foregoing, each
Revolving Lender hereby absolutely and unconditionally agrees, upon receipt of notice as provided above, to pay to Agent, for the benefit of the Swing Line Lender, such Revolving Lender’s ratable share of such Swing Loan (determined in
accordance with such Revolving Lender’s Applicable Commitment Percentage). Each Revolving Lender acknowledges and agrees that its obligation to acquire participations in Swing Loans pursuant to this Section 2.2(c)(iii) is absolute and
unconditional and shall not be affected by any circumstance whatsoever, including, without limitation, the occurrence and continuance of a Default or an Event of Default, and that each such payment shall be made without any offset, abatement,
recoupment, counterclaim, withholding or reduction whatsoever and whether or not the Revolving Credit Commitment shall have been reduced or terminated. Each Revolving Lender shall comply with its obligation under this Section 2.2(c)(iii) by
wire transfer of immediately available funds, in the same manner as provided in Section 2.6 hereof with respect to Revolving Loans to be made by such Revolving Lender. 
  

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 Section 2.3. Term Loan. Subject to the terms and conditions of this Agreement, the Term
Lenders shall make the Term Loan to Borrower on the Closing Date, in the amount of the Term Loan Commitment. The Term Loan shall be payable in consecutive quarterly installments commencing March 31, 2008, and continuing on each Regularly
Scheduled Payment Date thereafter, with the balance thereof payable in full on December 20, 2012, in the following principal amounts: 
  

															
	 Year and Date
	  	March 31	  	June 30	  	September 30	  	December 20	  	December 31
	 2008
	  	$	1,250,000	  	$	1,250,000	  	$	1,250,000	  	—  	  	$	1,250,000
	 2009
	  	$	2,500,000	  	$	2,500,000	  	$	2,500,000	  	—  	  	$	2,500,000
	 2010
	  	$	2,500,000	  	$	2,500,000	  	$	2,500,000	  	—  	  	$	2,500,000
	 2011
	  	$	3,750,000	  	$	3,750,000	  	$	3,750,000	  	—  	  	$	3,750,000
	 2012
	  	$	3,750,000	  	$	3,750,000	  	$	3,750,000	  	Then Remaining
Principal Balance	  	 	—  

 Borrower shall notify Agent, in accordance with the notice provisions of Section 2.6 hereof, whether the Term
Loan will be a Base Rate Loan or Eurodollar Loans. The Term Loan may be a mixture of a Base Rate Loan and Eurodollar Loans. 
 Section 2.4. Interest. 
 (a) Revolving Loans. 
 (i) Base Rate Loan. Borrower shall pay interest on the unpaid principal amount of a Revolving Loan that is a Base Rate Loan
outstanding from time to time from the date thereof until paid at the Derived Base Rate from time to time in effect. Interest on such Base Rate Loan shall be payable, commencing December 31, 2007, and continuing on each Regularly Scheduled
Payment Date thereafter and at the maturity thereof. 
 (ii) Eurodollar Loans. Borrower shall pay interest on the
unpaid principal amount of each Revolving Loan that is a Eurodollar Loan outstanding from time to time, fixed in advance on the first day of the Interest Period applicable thereto through the last day of the Interest Period applicable thereto (but
subject to changes in the Applicable Margin), at the Derived Eurodollar Rate. Interest on such Eurodollar Loan shall be payable on each Interest Adjustment Date with respect to an Interest Period (provided that if an Interest Period shall exceed
three months, the interest must be paid every three months, commencing three months from the beginning of such Interest Period). 
 (b)
Swing Loans. Borrower shall pay interest to Agent, for the sole benefit of the Swing Line Lender (and any Revolving Lender that shall have purchased a participation in such 

  

 32 

 
Swing Loan), on the unpaid principal amount of each Swing Loan outstanding from time to time from the date thereof until paid at the Derived Base Rate from
time to time in effect. Interest on Swing Loans shall be payable on each Regularly Scheduled Payment Date. Each Swing Loan shall bear interest for a minimum of one day. 
 (c) Term Loan. 
 (i) Base Rate Loan. With respect to any portion of the Term
Loan that is a Base Rate Loan, Borrower shall pay interest on the unpaid principal amount thereof outstanding from time to time from the date thereof until paid, commencing December 31, 2007, and continuing on each Regularly Scheduled Payment
Date thereafter and at the maturity thereof, at the Derived Base Rate from time to time in effect. 
 (ii) Eurodollar
Loans. With respect to any portion of the Term Loan that is a Eurodollar Loan, Borrower shall pay interest on the unpaid principal amount of such Eurodollar Loan outstanding from time to time, fixed in advance on the first day of the Interest
Period applicable thereto through the last day of the Interest Period applicable thereto (but subject to changes in the Applicable Margin), at the Derived Eurodollar Rate. Interest on such Eurodollar Loan shall be payable on each Interest Adjustment
Date with respect to an Interest Period (provided that if an Interest Period shall exceed three months, the interest must be paid every three months, commencing three months from the beginning of such Interest Period). 
 (d) Default Rate. Anything herein to the contrary notwithstanding, if an Event of Default shall occur, (i) the principal of each Loan and the
unpaid interest thereon shall bear interest, until paid, at the Default Rate, (ii) the fee for the aggregate undrawn amount of all issued and outstanding Letters of Credit shall be increased by two percent (2%) in excess of the rate
otherwise applicable thereto, and (iii) in the case of any other amount not paid when due from Borrower hereunder or under any other Loan Document, such amount shall bear interest at the Default Rate. 
 (e) Limitation on Interest. In no event shall the rate of interest hereunder exceed the maximum rate allowable by law. Notwithstanding anything to
the contrary contained in any Loan Document, the interest paid or agreed to be paid under the Loan Documents shall not exceed the maximum rate of non-usurious interest permitted by applicable law (the “Maximum Rate”). If Agent or any
Lender shall receive interest in an amount that exceeds the Maximum Rate, the excess interest shall be applied to the principal of the Loans or, if it exceeds such unpaid principal, refunded to Borrower. In determining whether the interest
contracted for, charged, or received by Agent or a Lender exceeds the Maximum Rate, such Person may, to the extent permitted by applicable law, (i) characterize any payment that is not principal as an expense, fee, or premium rather than
interest, (ii) exclude voluntary prepayments and the effects thereof, and (iii) amortize, prorate, allocate, and spread in equal or unequal parts the total amount of interest throughout the contemplated term of the Obligations. 

 

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 Section 2.5. Evidence of Indebtedness. 
 (a) Revolving Loans. Upon the request of a Revolving Lender, to evidence the obligation of Borrower to repay the Revolving Loans made by such
Revolving Lender and to pay interest thereon, Borrower shall execute a Revolving Credit Note, payable to the order of such Revolving Lender in the principal amount of its Applicable Commitment Percentage of the Revolving Credit Commitment, or, if
less, the aggregate unpaid principal amount of Revolving Loans made by such Revolving Lender; provided that the failure of a Revolving Lender to request a Revolving Credit Note shall in no way detract from Borrower’s obligations to such
Revolving Lender hereunder. 
 (b) Swing Loan. Upon the request of the Swing Line Lender, to evidence the obligation of Borrower to
repay the Swing Loans and to pay interest thereon, Borrower shall execute a Swing Line Note, and payable to the order of the Swing Line Lender in the principal amount of the Swing Line Commitment, or, if less, the aggregate unpaid principal amount
of Swing Loans made by the Swing Line Lender; provided that the failure of the Swing Line Lender to request a Swing Line Note shall in no way detract from Borrower’s obligations to the Swing Line Lender hereunder. 
 (c) Term Loan. Upon the request of a Term Lender, to evidence the obligation of Borrower to repay the portion of the Term Loan made by such Term
Lender and to pay interest thereon, Borrower shall execute a Term Note, payable to the order of such Term Lender in the principal amount of its Applicable Commitment Percentage of the Term Loan Commitment; provided that the failure of a Term Lender
to request a Term Note shall in no way detract from Borrower’s obligations to such Lender hereunder. 
 Section 2.6. Notice of
Credit Event; Funding of Loans. 
 (a) Notice of Credit Event. Borrower, through an Authorized Officer, shall provide to Agent a
Notice of Loan prior to (i) 11:00 A.M. (Eastern time) on the proposed date of borrowing or conversion of any Base Rate Loan, (ii) 11:00 A.M. (Eastern time) three Business Days prior to the proposed date of borrowing, conversion or
continuation of any Eurodollar Loan, and (iii) 2:00 P.M. (Eastern time) on the proposed date of borrowing of any Swing Loan. Borrower shall comply with the notice provisions set forth in Section 2.2(b) hereof with respect to Letters of
Credit. 
 (b) Funding of Loans. Agent shall notify the appropriate Lenders of the date, amount and Interest Period (if applicable)
promptly upon the receipt of a Notice of Loan, and, in any event, by 2:00 P.M. (Eastern time) on the date such Notice of Loan is received. On the date that the Credit Event set forth in such Notice of Loan is to occur, each such Lender shall provide
to Agent, not later than 3:00 P.M. (Eastern time), the amount in Dollars, in federal or other immediately available funds, required of it. If Agent shall elect to advance the proceeds of such Loan prior to receiving funds from such Lender, Agent
shall have the right, upon prior notice to Borrower, to debit any account of Borrower or otherwise receive such amount from Borrower, promptly after demand, in the event that such Lender shall fail to reimburse Agent in accordance with this
subsection. Agent shall also have the right to receive interest from such Lender at the Federal Funds Effective Rate in the event that such Lender shall fail to provide its portion of the Loan on the date requested and Agent shall elect to provide
such funds. 
  

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 (c) Conversion and Continuance of Loans. 
 (i) At the request of Borrower to Agent, subject to the notice and other provisions of this Section 2.6, the appropriate Lenders
shall convert a Base Rate Loan to one or more Eurodollar Loans at any time and shall convert a Eurodollar Loan to a Base Rate Loan on any Interest Adjustment Date applicable thereto. Swing Loans may be converted by the Swing Line Lender to Revolving
Loans in accordance with Section 2.2(c)(ii) hereof. 
 (ii) At the request of Borrower to Agent, subject to the notice
and other provisions of this Section 2.6, the appropriate Lenders shall continue one or more Eurodollar Loans as of the end of the applicable Interest Period as a new Eurodollar Loan with a new Interest Period. 
 (d) Minimum Amount. Each request for: 
 (i) a Base Rate Loan shall be in an amount of not less than Five Hundred Thousand Dollars ($500,000), increased by increments of One Hundred Thousand Dollars ($100,000); 
 (ii) a Eurodollar Loan shall be in an amount of not less than One Million Dollars ($1,000,000), increased by increments of Five Hundred
Thousand Dollars ($500,000); and 
 (iii) a Swing Loan shall be in an amount of not less than One Hundred Thousand Dollars
($100,000). 
 (e) Interest Periods. Borrower shall not request that Eurodollar Loans be outstanding for more than ten different
Interest Periods at the same time. 
 Section 2.7. Payment on Loans and Other Obligations. 
 (a) Payments Generally. Each payment made hereunder by a Credit Party shall be made without any offset, abatement, recoupment, counterclaim,
withholding or reduction whatsoever. 
 (b) Payments from Borrower. All payments (including prepayments) to Agent of the principal of
or interest on each Loan or other payment, including but not limited to principal, interest, fees or any other amount owed by Borrower under this Agreement, shall be made in Dollars. All payments described in this subsection (b) shall be
remitted to Agent, at the address of Agent for notices referred to in Section 11.4 hereof for the account of the appropriate Lenders (or the Fronting Lender or the Swing Line Lender, as appropriate) not later than 11:00 A.M. (Eastern time) on
the due date thereof in immediately available funds. Any such payments received by Agent after 11:00 A.M. (Eastern time) shall be deemed to have been made and received on the next Business Day. 
  

 35 

 (c) Payments to Lenders. Upon Agent’s receipt of payments hereunder, Agent shall immediately
distribute to the appropriate Lenders (except with respect to Swing Loans, which shall be paid to the Swing Line Lender or, with respect to Letters of Credit, certain of which payments shall be paid to the Fronting Lender) their respective ratable
shares, if any, of the amount of principal, interest, and commitment and other fees received by Agent for the account of such Lender. Payments received by Agent shall be delivered to the Lenders in immediately available funds. Each appropriate
Lender shall record any principal, interest or other payment, the principal amounts of Base Rate Loans, Eurodollar Loans, Swing Loans and Letters of Credit, all prepayments and the applicable dates, including Interest Periods, with respect to the
Loans made, and payments received by such Lender, by such method as such Lender may generally employ; provided, however, that failure to make any such entry shall in no way detract from the obligations of Borrower under this Agreement or any Note.
The aggregate unpaid amount of Loans, types of Loans, Interest Periods and similar information with respect to the Loans and Letters of Credit set forth on the records of Agent shall be rebuttably presumptive evidence with respect to such
information, including the amounts of principal, interest and fees owing to each Lender. 
 (d) Timing of Payments. Whenever any
payment to be made hereunder, including, without limitation, any payment to be made on any Loan, shall be stated to be due on a day that is not a Business Day, such payment shall be made on the next Business Day and such extension of time shall in
each case be included in the computation of the interest payable on such Loan; provided, however, that, with respect to a Eurodollar Loan, if the next Business Day shall fall in the succeeding calendar month, such payment shall be made on the
preceding Business Day and the relevant Interest Period shall be adjusted accordingly. 
 Section 2.8. Prepayment. 
 (a) Right to Prepay. Borrower shall have the right at any time or from time to time to prepay, on a pro rata basis for all of the appropriate
Lenders (except with respect to Swing Loans, which shall be paid to the Swing Line Lender), all or any part of the principal amount of the Loans, representing the obligations under any Specific Commitment with the proceeds of such prepayment to be
distributed on a pro rata basis to the holders of the Specific Commitment being prepaid. Prepayments of Loans shall be without any premium or penalty, except that prepayments of Eurodollar Loans shall be subject to the prepayment provisions set
forth in Article III hereof. 
 (b) Notice of Prepayment. Borrower shall give Agent notice of prepayment of a Base Rate Loan or Swing
Loan by no later than 11:00 A.M. (Eastern time) one Business Day before the Business Day on which such prepayment is to be made and written notice of the prepayment of any Eurodollar Loan not later than 1:00 P.M. (Eastern time) three Business Days
before the Business Day on which such prepayment is to be made. 
  

 36 

 (c) Minimum Amount. Each prepayment of a Eurodollar Loan shall be in the principal amount of not
less than One Million Dollars ($1,000,000), or the principal amount of such Loan, or, with respect to a Swing Loan, the principal balance of such Swing Loan, except in the case of a mandatory payment pursuant to Section 2.11 or Article III
hereof. 
 Section 2.9. Commitment and Other Fees; Reduction of Revolving Credit Commitment. 
 (a) Commitment Fee. Borrower shall pay to Agent, for the ratable account of the Revolving Lenders, as a consideration for the Revolving Credit
Commitment, a commitment fee from the Closing Date to and including the last day of the Commitment Period, payable quarterly, at a rate per annum equal to (i) the Applicable Commitment Fee Rate in effect on the payment date, multiplied by
(ii) (A) the average daily Maximum Revolving Amount in effect during such quarter, minus (B) the average daily Revolving Credit Exposure (exclusive of the Swing Line Exposure) during such quarter. The commitment fee shall be payable
in arrears, on December 31, 2007 and continuing on each Regularly Scheduled Payment Date thereafter, and on the last day of the Commitment Period. 
 (b) Agent Fee. Borrower shall pay to Agent, for its sole benefit, the fees set forth in the Agent Fee Letter. 
 (c) Optional Reduction of Revolving Credit Commitment. Borrower may at any time and from time to time permanently reduce in whole or ratably in part the Revolving Credit Commitment to an amount not less than
the then existing Revolving Credit Exposure, by giving Agent not fewer than five Business Days’ (or thirty (30) days if the Commitment is to be reduced or terminated in its entirety) written notice of such reduction, provided that any such
partial reduction shall be in an aggregate amount, for all of the Lenders, of not less than One Million Dollars ($1,000,000), increased in increments of Five Hundred Thousand Dollars ($500,000). Agent shall promptly notify each Revolving Lender of
the date of each such reduction and such Revolving Lender’s proportionate share thereof. After each such partial reduction, the commitment fees payable hereunder shall be calculated upon the Maximum Revolving Amount as so reduced. If Borrower
reduces in whole the Revolving Credit Commitment, on the effective date of such reduction (Borrower having prepaid in full the unpaid principal balance, if any, of the Loans, together with all interest (if any) and commitment and other fees accrued
and unpaid with respect thereto, and provided that no Letter of Credit Exposure or Swing Line Exposure shall exist), all of the Revolving Credit Notes shall be delivered to Agent marked “Canceled” and Agent shall redeliver such Revolving
Credit Notes to Borrower. Any partial reduction in the Maximum Revolving Amount shall be effective during the remainder of the Commitment Period. 
 Section 2.10. Computation of Interest and Fees. With the exception of Base Rate Loans, interest on Loans, Letter of Credit fees, Related Expenses and commitment and other fees and charges hereunder shall be computed on the basis
of a year having three hundred sixty (360) days and calculated for the actual number of days elapsed. With respect to Base Rate Loans, interest shall be computed on the basis of a year having three hundred sixty-five (365) days or three
hundred sixty-six (366) days, as the case may be, and calculated for the actual number of days elapsed. 
  

 37 

 Section 2.11. Mandatory Payments. 
 (a) Revolving Credit Exposure. If, at any time, the Revolving Credit Exposure shall exceed the Revolving Credit Commitment, Borrower shall, as
promptly as practicable, but in no event later than the next Business Day, pay an aggregate principal amount of the Revolving Loans sufficient to bring the Revolving Credit Exposure within the Revolving Credit Commitment. 
 (b) Swing Line Exposure. If, at any time, the Swing Line Exposure shall exceed the Swing Line Commitment, Borrower shall, as promptly as
practicable, but in no event later than the next Business Day, pay an aggregate principal amount of the Swing Loans sufficient to bring the Swing Line Exposure within the Swing Line Commitment. 
 (c) Mandatory Prepayments. Borrower shall, until the Term Loan is paid in full, make Mandatory Prepayments (each a “Mandatory
Prepayment”) in accordance with the following provisions: 
 (i) Excess Cash Flow. 
 (A) For each of the fiscal years of Borrower ending March 31, 2009, March 31, 2010, and March 31, 2011, Borrower
shall, within the Excess Cash Flow Payment Period for such fiscal year, until the Term Loan shall have been paid in full, make a Mandatory Prepayment in an amount equal to (1) twenty-five percent (25%) of the Excess Cash Flow (if any) for
such fiscal year if the Leverage Ratio shall have been less than 2.50 to 1.00 for such fiscal year, and (2) fifty percent (50%) of the Excess Cash Flow (if any) for such fiscal year if the Leverage Ratio shall have been equal to or greater
than 2.50 to 1.00 for such fiscal year. 
 (B) Commencing with the fiscal year of Borrower ending March 31, 2012 and
continuing each fiscal year of Borrower thereafter, if the Leverage Ratio is equal to or greater than 2.00 to 1.00 for any such fiscal year, then Borrower shall, within the Excess Cash Flow Payment Period for such fiscal year, until the Term Loan
shall have been paid in full, make a Mandatory Prepayment in an amount equal to (1) twenty-five percent (25%) of the Excess Cash Flow (if any) for such fiscal year if the Leverage Ratio shall have been equal to or greater than 2.00 but
less than 2.50 to 1.00 for such fiscal year, and (2) fifty percent (50%) of the Excess Cash Flow (if any) for such fiscal year if the Leverage Ratio shall have been equal to or greater than 2.50 to 1.00 for such fiscal year. 
 (C) Notwithstanding anything in subpart (A) or (B) hereof to the contrary, to the extent that Borrower makes a principal
prepayment (from Excess Cash Flow for the previous fiscal year) on the Term Loan during an Excess Cash Flow Payment Period in excess of the amount required to be paid pursuant to this subpart (i) (any such excess amount, a “Carryover
Amount”), Borrower shall be 

  

 38 

 
entitled to a one time application of such Carryover Amount to satisfy all, or a portion of, Excess Cash Flow Mandatory Prepayment requirements for any
subsequent fiscal year of Borrower. 
 (ii) Additional Indebtedness. If, at any time, any of the Companies shall incur
Consolidated Funded Indebtedness other than Indebtedness permitted pursuant to Section 5.8 hereof (which other Indebtedness shall not be incurred without the prior written consent of the Required Lenders), Borrower shall make a Mandatory
Prepayment, on the date that such Consolidated Funded Indebtedness is incurred, in an amount equal to one hundred percent (100%) of the net cash proceeds of such Consolidated Funded Indebtedness. 
 (iii) Sale of Assets. Upon the sale or other disposition of any assets by Borrower or a Domestic Subsidiary (permitted pursuant to
Section 5.12 hereof) to any Person other than in the ordinary course of business and to the extent the proceeds of any such sale or other disposition is in excess of Two Hundred Fifty Thousand Dollars ($250,000) and, together with other such
asset sales during any fiscal year of Borrower, are in excess of Two Million Dollars ($2,000,000) in the aggregate and are not to be (A) reinvested in fixed assets or other similar assets, (B) applied to an investment in a Person permitted
by this Agreement, or (C) applied to capital expenditures, in each case, within three hundred sixty-five (365) days of such sale or other disposition, Borrower shall make a Mandatory Prepayment, on the date of such sale or other
disposition, in an amount equal to one hundred percent (100%) of the proceeds of such disposition net of amounts required to pay taxes and reasonable costs applicable to the disposition. 
 (iv) Additional Equity. Within thirty (30) days after any equity offering (other than the offering or exercise of stock
options or other equity awards pursuant to management or other incentive plans) by a Company, Borrower shall make a Mandatory Prepayment in an amount equal to fifty percent (50%) of the net cash proceeds of such equity offering; provided that
this subpart (iv) shall not be applicable during any period that the Leverage Ratio, for the most recently completed fiscal quarter of Borrower, is less than 2.00 to 1.00. 
 (v) Material Recovery Event. Within ten Business Days after the occurrence of a Material Recovery Event, Borrower shall furnish to
Agent written notice thereof. Within sixty (60) days after such Material Recovery Event, Borrower shall notify Agent of Borrower’s determination as to whether or not to replace, rebuild or restore the affected property (a “Material
Recovery Determination Notice”). If Borrower decides not to replace, rebuild or restore such property or if Borrower has not delivered the Material Recovery Determination Notice within sixty (60) days after the Material Recovery Event,
then the proceeds of insurance paid in connection with such Material Recovery Event shall be paid as a Mandatory Prepayment. If Borrower decides to replace, rebuild or restore such property, then any such replacement, rebuilding or restoration must
be (A) commenced within six months of the date of the Material Recovery Event, and (B) substantially completed within eighteen (18) months of such commencement date, with such net proceeds and other funds available to the appropriate

  

 39 

 
Companies. Any amounts of such insurance proceeds in connection with such Material Recovery Event not applied to the costs of replacement or restoration
shall be applied as a Mandatory Prepayment. 
 (d) Application of Mandatory Prepayments. 
 (i) Involving a Company Prior to an Event of Default. So long as no Event of Default shall have occurred, each Mandatory Prepayment
required to be made pursuant to subsection (c) hereof shall be applied to the Term Loan, until paid in full. 
 (ii)
Involving a Company After an Event of Default. If a Mandatory Prepayment is required to be made pursuant to subsection (c) hereof at the time that an Event of Default shall have occurred and be continuing, then such Mandatory Prepayment
shall be paid by Borrower to Agent to be applied to the following, on a pro rata basis among: (A) the Maximum Revolving Amount (with payments to be made in the following order: Revolving Loans, Swing Loans, and to be held by Agent in a special
account as security for any Letter of Credit Exposure pursuant to subsection (iii) hereof), and (B) the unpaid principal balance of the Term Loan. 
 (iii) Involving Letters of Credit. Any amounts to be distributed for application to a Revolving Lender’s liabilities with
respect to any Letter of Credit Exposure shall be held by Agent in an interest bearing trust account (the “Special Trust Account”) as collateral security for such liabilities until a drawing on any Letter of Credit, at which time such
amounts, together with interest accrued thereon, shall be released by Agent and applied to such liabilities. If any such Letter of Credit shall expire without having been drawn upon in full, the amounts held in the Special Trust Account with respect
to the undrawn portion of such Letter of Credit, together with interest accrued thereon, shall be applied by Agent in accordance with the provisions of subsections (i) and (ii) above. 
 (iv) Mandatory Prepayments Generally. Each Mandatory Prepayment made with respect to the Term Loan shall be applied to the payments
of principal in the inverse order of maturities. Each Mandatory Prepayment made with respect to a Specific Commitment shall be applied in the following order (A) first, to the outstanding Base Rate Loans, and (B) second, to the outstanding
Eurodollar Loans, provided that if the outstanding principal amount of any Eurodollar Loan shall be reduced to an amount less than the minimum amount set forth in Section 2.6(d) hereof as a result of such prepayment, then such Eurodollar Loan
shall be converted into a Base Rate Loan on the date of such prepayment. Any prepayment of a Eurodollar Loan pursuant to this Section 2.11 shall be subject to the prepayment provisions set forth in Article III hereof. 
  

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 ARTICLE III. ADDITIONAL PROVISIONS RELATING TO 
 EURODOLLAR LOANS; INCREASED CAPITAL; TAXES 
 Section 3.1. Requirements of
Law. 
 (a) If, after the Closing Date, (i) the adoption of or any change in any Requirement of Law or in the interpretation or
application thereof by a Governmental Authority, or (ii) the compliance by any Lender with any request or directive (whether or not having the force of law) from any central bank or other Governmental Authority: 
 (A) shall subject any Lender to any tax of any kind whatsoever with respect to this Agreement, any Letter of Credit or any Eurodollar Loan
made by it, or change the basis of taxation of payments to such Lender in respect thereof (except for Taxes and Excluded Taxes which are governed by Section 3.2 hereof); 
 (B) shall impose, modify or hold applicable any reserve, special deposit, compulsory loan or similar requirement against assets held by,
deposits or other liabilities in or for the account of, advances, loans or other extensions of credit by, or any other acquisition of funds by, any office of such Lender that is not otherwise included in the determination of the Eurodollar Rate; or

 (C) shall impose on such Lender any other condition; 
 and the result of any of the foregoing is to increase the cost to such Lender of making, converting into, continuing or maintaining Eurodollar Loans or issuing or participating in Letters of Credit, or to reduce any
amount receivable hereunder in respect thereof, then, in any such case, Borrower shall pay to such Lender, promptly after receipt of a written request therefor, any additional amounts necessary to compensate such Lender for such increased cost or
reduced amount receivable. If any Lender becomes entitled to claim any additional amounts pursuant to this subsection (a), such Lender shall promptly notify Borrower (with a copy to Agent) of the event by reason of which it has become so entitled.

 (b) If any Lender shall have determined that, after the Closing Date, the adoption of or any change in any Requirement of Law regarding
capital adequacy or in the interpretation or application thereof by a Governmental Authority or compliance by such Lender or any corporation controlling such Lender with any request or directive regarding capital adequacy (whether or not having the
force of law) from any Governmental Authority shall have the effect of reducing the rate of return on such Lender’s or such corporation’s capital as a consequence of its obligations hereunder, or under or in respect of any Letter of
Credit, to a level below that which such Lender or such corporation could have achieved but for such adoption, change or compliance (taking into consideration the policies of such Lender or corporation with respect to capital adequacy), then from
time to time, upon submission by such Lender to Borrower (with a copy to Agent) of a written request therefor (which shall include the method for calculating such amount), Borrower shall promptly pay or cause to be paid to such Lender such
additional amount or amounts as will compensate such Lender for such reduction. 
 (c) A certificate as to any additional amounts payable
pursuant to this Section 3.1 submitted by any Lender to Borrower (with a copy to Agent) shall be conclusive absent manifest error. In determining any such additional amounts, such Lender may use any method of averaging and attribution that it
(in its sole discretion) shall deem applicable. The obligations of Borrower pursuant to this Section 3.1 shall survive the termination of this Agreement and the payment of the Loans and all other amounts payable hereunder. 
  

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 (d) Notwithstanding the foregoing, no Lender shall be entitled to any indemnification or reimbursement
pursuant to this Section 3.1 to the extent such Lender has not made demand therefore (as set forth above) within one hundred eighty (180) days after the occurrence of the event giving rise to such entitlement or, if later, such Lender
having knowledge of such event. 
 Section 3.2. Taxes. 
 (a) All payments made by any Credit Party under any Loan Document shall be made free and clear of, and without deduction or withholding for or on account
of any Taxes or Other Taxes. If any Taxes or Other Taxes are required to be deducted or withheld from any amounts payable to Agent or any Lender hereunder, the amounts so payable to Agent or such Lender shall be increased to the extent necessary to
yield to Agent or such Lender (after deducting, withholding and payment of all Taxes and Other Taxes) interest or any such other amounts payable hereunder at the rates or in the amounts specified in the Loan Documents. 
 (b) Whenever any Taxes or Other Taxes are required to be withheld and paid by a Credit Party, such Credit Party shall timely withhold and pay such taxes
to the relevant Governmental Authorities. As promptly as possible thereafter, Borrower shall send to Agent for its own account or for the account of the relevant Lender, as the case may be, a certified copy of an original official receipt received
by such Credit Party showing payment thereof or other evidence of payment reasonably acceptable to Agent or such Lender. If such Credit Party shall fail to pay any Taxes or Other Taxes when due to the appropriate Governmental Authority or fails to
remit to Agent the required receipts or other required documentary evidence, such Credit Party and Borrower shall indemnify Agent and the appropriate Lenders on demand for any incremental taxes, interest or penalties that may become payable by Agent
or such Lender as a result of any such failure. 
 (c) Each Lender that is not (i) a citizen or resident of the United States of
America, (ii) a corporation, partnership or other entity created or organized in or under the laws of the United States of America (or any jurisdiction thereof), or (iii) an estate or trust that is subject to federal income taxation
regardless of the source of its income (any such Person, a “Non-U.S. Lender”) shall deliver to Borrower and Agent two copies of either U.S. Internal Revenue Service Form W-8BEN or Form W-8ECI, or, in the case of a Non-U.S. Lender claiming
exemption from U.S. federal withholding tax under Section 871(h) or 881(c) of the Code with respect to payments of “portfolio interest”, a statement with respect to such interest and a Form W-8BEN, or any subsequent versions thereof
or successors thereto, properly completed and duly executed by such Non-U.S. Lender claiming complete exemption from, or a reduced rate of, U.S. federal withholding tax on all payments by Credit Parties under this Agreement and the other Loan
Documents. Such forms shall be delivered by each Non-U.S. Lender on or before the date it becomes a party to this Agreement or such other Loan Document. In addition, each Non-U.S. Lender shall deliver such forms or appropriate replacements promptly
upon the obsolescence or invalidity of any form previously delivered by such Non-U.S. Lender. Each Non-U.S. Lender shall promptly notify Borrower at any time it determines that such Lender is no longer in a 

  

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position to provide any previously delivered certificate to Borrower (or any other form of certification adopted by the U.S. taxing authorities for such
purpose). Notwithstanding any other provision of this subsection (c), a Non-U.S. Lender shall not be required to deliver any form pursuant to this subsection (c) that such Non-U.S. Lender is not legally able to deliver. 
 (d) A Lender that is entitled, with respect to payments under any Loan Document, to an exemption from or reduction of non-U.S. withholding tax under the
law of the jurisdiction in which a Credit Party is located, or any treaty to which such jurisdiction is a party at the time or times prescribed by applicable law or reasonably requested by Borrower, such properly completed and executed documentation
prescribed by applicable law as will permit such payments to be made without withholding or at a reduced rate; provided that such Lender is legally entitled to complete, execute and deliver such documentation, and, in such Lender’s judgment,
such completion, execution or submission would not materially prejudice the legal position of such Lender. 
 (e) If Agent or any Lender
determines, in its sole discretion, that is has received a refund of Taxes or Other Taxes for which it has been indemnified by Borrower or with respect to which Borrower has paid additional amounts pursuant to this Section 3.2, it shall pay
over such refund to Borrower (but only to the extent of indemnity payments made, or additional amounts paid by Borrower under this Section 3.2 with respect to the Taxes or Other Taxes giving rise to such refund), net of all out-of-pocket
expenses of Agent or such Lender and without interest (other than any interest paid by the relevant Government Authority with respect to such refund); provided that Borrower, upon the request of Agent or such Lender, agrees to repay the amount paid
over to Borrower (plus any penalties, interest or other charges imposed by the relevant Government Authority) to Agent or such Lender in the event Agent or such Lender is required to repay such refund to such Government Authority. This subsection
shall not be construed to require Agent or any Lender to make available its tax returns (or any other information relating to its taxes which it deems confidential) to Borrower or any other Person. 
 (f) The agreements in this Section 3.2 shall survive the termination of the Loan Documents and the payment of the Loans and all other amounts
payable hereunder. 
 Section 3.3. Funding Losses. Borrower agrees to indemnify each Lender, promptly after receipt of a written
request therefor, and to hold each Lender harmless from, any loss or expense that such Lender may sustain or incur as a consequence of (a) default by Borrower in making a borrowing of, conversion into or continuation of Eurodollar Loans after
Borrower has given a notice requesting the same in accordance with the provisions of this Agreement, (b) default by Borrower in making any prepayment of or conversion from Eurodollar Loans after Borrower has given a notice thereof in accordance
with the provisions of this Agreement, (c) the making of a prepayment of a Eurodollar Loan on a day that is not the last day of an Interest Period applicable thereto, or, (d) any conversion of a Eurodollar Loan to a Base Rate Loan on a day
that is not the last day of an Interest Period applicable thereto. Such indemnification shall be in an amount equal to the excess, if any, of (i) the amount of interest that would have accrued on the amounts so prepaid, or not so borrowed,
converted or continued, for the period from the date of such prepayment or of such failure to borrow, convert or continue to the last day of such Interest Period (or, in the case of a failure to borrow, convert or continue, the Interest Period that
would 

  

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have commenced on the date of such failure) in each case at the applicable rate of interest for such Loans provided for herein over (ii) the amount of
interest (as reasonably determined by such Lender) that would have accrued to such Lender on such amount by placing such amount on deposit for a comparable period with leading banks in the appropriate London interbank market, along with any
administration fee charged by such Lender. A certificate as to any amounts payable pursuant to this Section 3.3 submitted to Borrower (with a copy to Agent) by any Lender shall be conclusive absent manifest error. The obligations of Borrower
pursuant to this Section 3.3 shall survive the termination of this Agreement and the payment of the Loans and all other amounts payable hereunder. 
 Section 3.4. Eurodollar Rate Lending Unlawful; Inability to Determine Rate. 
 (a) If any Lender
shall determine (which determination shall, upon notice thereof to Borrower and Agent, be conclusive and binding on Borrower) that, after the Closing Date, (i) the introduction of or any change in or in the interpretation of any law makes it
unlawful, or (ii) any Governmental Authority asserts that it is unlawful, for such Lender to make or continue any Loan as, or to convert (if permitted pursuant to this Agreement) any Loan into, a Eurodollar Loan, the obligations of such Lender
to make, continue or convert any such Eurodollar Loan shall, upon such determination, be suspended until such Lender shall notify Agent that the circumstances causing such suspension no longer exist, and all outstanding Eurodollar Loans payable to
such Lender shall automatically convert (if conversion is permitted under this Agreement) into a Base Rate Loan, or be repaid (if no conversion is permitted) at the end of the then current Interest Periods with respect thereto or sooner, if required
by law or such assertion. 
 (b) If Agent or the Required Lenders determine that for any reason adequate and reasonable means do not exist
for determining the Eurodollar Rate for any requested Interest Period with respect to a proposed Eurodollar Loan, or that the Eurodollar Rate for any requested Interest Period with respect to a proposed Eurodollar Loan does not adequately and fairly
reflect the cost to the Lenders of funding such Loan, Agent will promptly so notify Borrower and each Lender. Thereafter, the obligation of the Lenders to make or maintain such Eurodollar Loan shall be suspended until Agent (upon the instruction of
the Required Lenders) revokes such notice. Upon receipt of such notice, Borrower may revoke any pending request for a borrowing of, conversion to or continuation of such Eurodollar Loan or, failing that, will be deemed to have converted such request
into a request for a borrowing of a Base Rate Loan in the amount specified therein. 
 Section 3.5. Change of Lending Office.
Each Lender agrees that, upon the occurrence of any event giving rise to the operation of Section 3.1 or 3.2(a) hereof with respect to such Lender, it will, if requested by Borrower, use reasonable efforts (subject to overall policy
considerations of such Lender) to designate another lending office (or an affiliate of such Lender, if practical for such Lender) for any Loans affected by such event with the object of avoiding the consequences of such event; provided that such
designation is made on terms that, in the sole judgment of such Lender, cause such Lender and its lending office or offices to suffer no economic, legal or regulatory disadvantage; and provided further that nothing in this Section shall affect or
postpone any of the obligations of Borrower or the rights of any Lender pursuant to Section 3.1 or 3.2 hereof. 
  

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 Section 3.6. Replacement of Lenders. Borrower shall be permitted to replace any Lender that
requests reimbursement for amounts owing pursuant to Section 3.1 or 3.2(a) hereof, or asserts its inability to make a Eurodollar Loan pursuant to Section 3.4 hereof; provided that (a) such replacement does not conflict with any
Requirement of Law, (b) no Default or Event of Default shall have occurred and be continuing at the time of such replacement, (c) prior to any such replacement, such Lender shall have taken no action under Section 3.5 hereof so as to
eliminate the continued need for payment of amounts owing pursuant to Section 3.1 or 3.2(a) hereof or, if it has taken any action, such request has still been made, (d) the replacement financial institution shall purchase, at par, all
Loans and other amounts owing to such replaced Lender on or prior to the date of replacement and assume all commitments and obligations of such replaced Lender, (e) Borrower shall be liable to such replaced Lender under Section 3.3 hereof
if any Eurodollar Loan owing to such replaced Lender shall be purchased other than on the last day of the Interest Period relating thereto, (f) the replacement Lender, if not already a Lender, shall be satisfactory to Agent, (g) the
replaced Lender shall be obligated to make such replacement in accordance with the provisions of Section 11.10 hereof (provided that Borrower (or the succeeding Lender, if such Lender is willing) shall be obligated to pay the assignment fee
referred to therein), and (h) until such time as such replacement shall be consummated, Borrower shall pay all additional amounts (if any) required pursuant to Section 3.1 or 3.2(a) hereof, as the case may be; provided that a Lender shall
not be required to make any such assignment if, prior thereto, as a result of a waiver by such Lender or otherwise, the circumstances entitling Borrower to replace such Lender cease to apply. 
 Section 3.7. Discretion of Lenders as to Manner of Funding. Notwithstanding any provision of this Agreement to the contrary, each Lender
shall be entitled to fund and maintain its funding of all or any part of such Lender’s Loans in any manner such Lender deems to be appropriate; it being understood, however, that for the purposes of this Agreement all determinations hereunder
shall be made as if such Lender had actually funded and maintained each Eurodollar Loan during the applicable Interest Period for such Loan through the purchase of deposits having a maturity corresponding to such Interest Period and bearing an
interest rate equal to the Eurodollar Rate as applicable, for such Interest Period. 
 ARTICLE IV. CONDITIONS PRECEDENT 
 Section 4.1. Conditions to Each Credit Event. The obligation of the Lenders, the Fronting Lender and the Swing Line Lender to participate in
any Credit Event shall be conditioned, in the case of each Credit Event, upon the following: 
 (a) all conditions precedent as listed in
Section 4.2 hereof required to be satisfied prior to the first Credit Event shall have been satisfied prior to or as of the first Credit Event; 
 (b) Borrower shall have submitted a Notice of Loan (or with respect to a Letter of Credit, complied with the provisions of Section 2.2(b)(ii) hereof) and otherwise complied with Section 2.6 hereof;

  

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 (c) no Default or Event of Default shall then exist or immediately after such Credit Event would exist;
and 
 (d) each of the representations and warranties contained in Article VI hereof shall be true in all material respects as if made on and
as of the date of such Credit Event, except to the extent that any thereof expressly relate to an earlier date. 
 Each request by Borrower for a Credit
Event shall be deemed to be a representation and warranty by Borrower as of the date of such request as to the satisfaction of the conditions precedent specified in subsections (c) and (d) above. 
 Section 4.2. Conditions to the First Credit Event. Borrower shall cause the following conditions to be satisfied on or prior to the Closing
Date. The obligation of the Lenders, the Fronting Lender and the Swing Line Lender to participate in the first Credit Event is subject to Borrower satisfying each of the following conditions prior to or concurrently with such Credit Event:

 (a) Notes as Requested. Borrower shall have executed and delivered to (i) each Revolving Lender requesting a Revolving Credit
Note such Lender’s Revolving Credit Note, (ii) each Term Lender requesting a Term Note such Lender’s Term Note, and (iii) the Swing Line Lender the Swing Line Note, if requested by the Swing Line Lender. 
 (b) Subsidiary Documents. Each Guarantor of Payment shall have executed and delivered to Agent (i) a Guaranty of Payment, in form and
substance satisfactory to Agent, and (ii) a Security Agreement and such other documents or instruments, as may be required by Agent to create or perfect the Liens of Agent in the assets of such Guarantor of Payment, all to be in form and
substance satisfactory to Agent. 
 (c) Pledge Agreements. Borrower and each Guarantor of Payment that has a Subsidiary shall have
(i) executed and delivered to Agent, for the benefit of the Lenders, a Pledge Agreement, in form and substance satisfactory to Agent and the Lenders, with respect to the Pledged Securities, (ii) executed and delivered to Agent, for the
benefit of the Lenders, appropriate transfer powers for each of the Pledged Securities, (iii) delivered to Agent, for the benefit of the Lenders, the Pledged Securities of Domestic Subsidiaries, and (iv) any other documentation reasonably
required by Agent regarding the perfection of any Pledged Securities of Domestic Subsidiaries. 
 (d) Intellectual Property Security
Agreements. Each Credit Party that owns federally registered intellectual property shall have executed and delivered to Agent, for the benefit of the Lenders, an Intellectual Property Security Agreement, in form and substance reasonably
satisfactory to Agent and the Lenders. 
 (e) Lien Searches. With respect to the property owned or leased by a Credit Party, Borrower
shall have caused to be delivered to Agent (i) the results of Uniform Commercial Code lien searches, satisfactory to Agent and the Lenders, (ii) the results of federal and state tax lien and judicial lien searches, satisfactory to Agent
and the Lenders, and (iii) Uniform Commercial Code termination statements reflecting termination of all U.C.C. Financing Statements previously filed by any Person and not expressly permitted pursuant to Section 5.9 hereof. 
  

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 (f) Officer’s Certificate, Resolutions, Organizational Documents. Each Credit Party shall
have delivered to Agent an officer’s certificate (or comparable domestic documents) certifying the names of the officers of such Credit Party authorized to sign the Loan Documents, together with the true signatures of such officers and
certified copies of (i) the resolutions of the board of directors (or comparable domestic documents) of such Credit Party evidencing approval of the execution and delivery of the Loan Documents and the execution of other Related Writings to
which such Credit Party is a party, and (ii) the Organizational Documents of such Credit Party. 
 (g) Good Standing and Full Force
and Effect Certificates. Borrower shall have delivered to Agent a good standing certificate or full force and effect certificate, as the case may be, for each Credit Party, issued on or about the Closing Date by the Secretary of State in the
state or states where such Credit Party is incorporated or formed or qualified as a foreign entity. 
 (h) Legal Opinion. Borrower
shall have delivered to Agent an opinion of counsel for each Credit Party, in form and substance reasonably satisfactory to Agent and the Lenders. 
 (i) Insurance Certificate. Borrower shall have delivered to Agent evidence of insurance on ACORD 25 and 27 or 28 form, and otherwise satisfactory to Agent and the Lenders, of adequate personal property and liability insurance of each
Company, with Agent, on behalf of the Lenders, listed as loss payee and additional insured. 
 (j) Agent Fee Letter, Closing Fee Letter
and Other Fees. Borrower shall have (i) executed and delivered to Agent, the Agent Fee Letter and paid to Agent, for its sole account, the fees stated therein, (ii) executed and delivered to Agent, the Closing Fee Letter and paid to
Agent, for the benefit of the Lenders, the fees stated therein, and (iii) paid all legal fees and expenses of Agent in connection with the preparation and negotiation of the Loan Documents. 
 (k) Existing Indebtedness Agreements. Borrower shall have (i) terminated the Amended and Restated Loan and Security Agreement, dated
March 12, 1998, as amended to date, between Borrower and Silicon Valley Bank, N.A., and (ii) redeemed the notes outstanding under the Indenture, dated November 1, 2007, by and among NetScout Systems, Inc., the Guarantors named therein
and Wells Fargo Bank, National Association, as Trustee, which termination and redemption shall be deemed to have occurred upon payment in full of all of the Indebtedness outstanding thereunder and termination of the commitments established therein.

 (l) Liquidity Amount. On the Closing Date, the Liquidity Amount shall be no less than Thirty Million Dollars ($30,000,000);
provided that, for purposes of calculating the Liquidity Amount under this Section 4.2(l), Revolving Credit Exposure shall include Borrower’s initial credit request under the Revolving Credit Commitment. 
 (m) Leverage Ratio. Borrower shall have delivered to Agent and the Lenders evidence, certified by a Financial Officer and in form and substance
reasonably satisfactory to Agent, that the Leverage Ratio, as determined for the most recently completed twelve (12) months prior to the Closing Date, is no greater than 3.00 to 1.00. 
  

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 (n) Closing Certificate. Borrower shall have delivered to Agent and the Lenders an officer’s
certificate certifying that, as of the Closing Date, (i) all conditions precedent set forth in this Article IV have been satisfied, (ii) no Default or Event of Default exists nor immediately after the first Credit Event will exist, and
(iii) each of the representations and warranties contained in Article VI hereof are true and correct in all material respects as of the Closing Date. 
 (o) Letter of Direction. Borrower shall have delivered to Agent a letter of direction authorizing Agent, on behalf of the Lenders, to disburse the proceeds of the Loans, which letter of direction includes the
authorization to transfer funds under this Agreement and the wire instructions that set forth the locations to which such funds shall be sent. 
 (p) No Material Adverse Change. No material adverse change, in the reasonable opinion of Agent, shall have occurred in the financial condition, operations or prospects of the Companies since March 31, 2007. 
 Section 4.3. Post-Closing Conditions. On or before each of the dates specified in this Section 4.3, Borrower shall satisfy each of the
items specified in the subsections below: 
 (a) Control Agreements. No later than forty-five (45) days after the Closing Date
(unless a longer period is agreed to by Agent), Borrower shall deliver to Agent an executed Control Agreement, in form and substance reasonably satisfactory to Agent, for each Deposit Account maintained by a Credit Party. 
 (b) Landlords’ Waiver and Mortgagees’ Waiver. No later than forty-five (45) days after the Closing Date (unless a longer period is
agreed to by Agent), Borrower shall have delivered a landlord’s waiver and a mortgagee’s waiver, if applicable, each in form and substance satisfactory to Agent and the Lenders, for each location of a Credit Party where any material amount
of Collateral (as reasonably determined by Agent) securing any part of the Obligations is located (unless such location is owned by the Company that owns the collateral located there). As of the Closing Date, Schedule 6.9 hereto sets forth
the locations where a material amount of Collateral is located. 
 (c) Foreign Pledged Securities. No later than ninety (90) days
after the Closing Date (unless a longer period is agreed to by Agent), Borrower shall have delivered to Agent, for the benefit of the Lenders, (i) the Pledged Securities of Foreign Subsidiaries (provided that if Agent, in its reasonable
discretion, after consultation with Borrower, determines that the cost of delivery of any such Pledged Securities is impractical or cost-prohibitive, then Agent may agree to forego (until such time as Agent determines it is practical to do so) the
delivery of such Pledged Securities), and (ii) with respect to the Pledged Securities of any Foreign Subsidiary for which foreign perfection is required under Section 5.20(c) hereof, any documentation (including legal opinions from foreign
counsel) reasonably required by Agent regarding the perfection of such Pledged Securities. 
  

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 ARTICLE V. COVENANTS 
 Section 5.1. Insurance. 
 (a) Each Company shall at all times maintain insurance upon its
Inventory, Equipment and other personal and real property in such form, written by such companies, in such amounts, for such periods, and against such risks as is usual and customary in Borrower’s industry, with provisions reasonably
satisfactory to Agent for payment of all losses thereunder to Agent, for the benefit of the Lenders, and such Company as their interests may appear (loss payable endorsement in favor of Agent, for the benefit of the Lenders), and, if required by
Agent, Borrower shall deposit the policies with Agent. Any such policies of insurance shall provide for no fewer than thirty (30) days prior written notice of cancellation to Agent and the Lenders. 
 (b) Any sums received by Agent, for the benefit of the Lenders, in payment of insurance losses, returns, or unearned premiums under the policies shall be
applied as set forth in Section 2.11(c) and (d) hereof. Agent is hereby authorized to act as attorney-in-fact for the Companies, after the occurrence and during the continuance of an Event of Default, in obtaining, adjusting, settling and
canceling such insurance and indorsing any drafts. In the event of failure to provide such insurance as herein provided, Agent may, at its option, provide such insurance and Borrower shall pay to Agent, upon demand, the cost thereof. Should Borrower
fail to pay such sum to Agent upon demand, interest shall accrue thereon, from the date of demand until paid in full, at the Default Rate. Within ten days of Agent’s written request, Borrower shall furnish to Agent such information about the
insurance of the Companies as Agent may from time to time reasonably request, which information shall be prepared in form and detail satisfactory to Agent and certified by a Financial Officer. 
 Section 5.2. Money Obligations. Each Company shall pay in full (a) prior in each case to the date when penalties would attach, all
material domestic taxes (or foreign taxes to the extent the nonpayment of such taxes would reasonably be expected to have a Material Adverse Effect), assessments and governmental charges and levies (except only those so long as and to the extent
that the same shall be contested in good faith by appropriate and timely proceedings and for which adequate provisions have been established in accordance with GAAP) for which it may be or become liable or to which any or all of its properties may
be or become subject; (b) all of its material wage obligations to its employees in compliance with the Fair Labor Standards Act (29 U.S.C. §§ 206-207) or any comparable provisions; and (c) all of its other material obligations
calling for the payment of money (except only those so long as and to the extent that the same shall be contested in good faith and for which adequate provisions have been established in accordance with GAAP) before such payment becomes overdue.

 Section 5.3. Financial Statements and Information. 
 (a) Quarterly Financials. Borrower shall deliver to Agent and the Lenders, within forty-five (45) days after the end of each of the first
three quarter annual periods of each fiscal year of Borrower, a balance sheet of Borrower as of the end of such period and statements of income (loss) and cash flow for the quarter and fiscal year to date periods, all prepared on a Consolidated and
consolidating basis, in accordance with GAAP, and in form and detail satisfactory to Agent and the Lenders and certified by a Financial Officer of Borrower. 
  

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 (b) Annual Audit Report. Borrower shall deliver to Agent and the Lenders, within ninety
(90) days after the end of each fiscal year of Borrower, an annual audit report of the Companies for that year prepared on a Consolidated and consolidating basis, in accordance with GAAP, and in form and detail satisfactory to Agent and the
Lenders and certified by an independent public accountant, which report shall include balance sheets and statements of income (loss), stockholders’ equity and cash-flow for that period. 
 (c) Compliance Certificate. Borrower shall deliver to Agent and the Lenders, concurrently with the delivery of the financial statements set forth
in subsections (a) and (b) above, a Compliance Certificate. 
 (d) Management Report. Borrower shall deliver to Agent and
the Lenders, concurrently with the delivery of the quarterly and annual financial statements set forth in subsections (a) and (b) above, a copy of any management report, letter or similar writing furnished to the Companies by the
accountants in respect of the Companies’ systems, operations, financial condition or properties (provided that delivery of such management report shall not be required to the extent prohibited by such accountants). 
 (e) Annual Budget. Borrower shall deliver to Agent, within forty-five (45) days after the end of each fiscal year of Borrower, an annual
budget of the Companies for the then current fiscal year, to be in form reasonably satisfactory to Agent. 
 (f) Shareholder and SEC
Documents. Borrower shall deliver to Agent and the Lenders, within ten days after the end of fiscal quarter of Borrower, copies of all notices, reports, definitive proxy or other statements and other documents sent by Borrower to its
shareholders, to the holders of any of its debentures or bonds or the trustee of any indenture securing the same or pursuant to which they are issued, or sent by Borrower (in final form) to any securities exchange or over the counter authority or
system, or to the SEC or any similar federal agency having regulatory jurisdiction over the issuance of Borrower’s securities; provided that, to the extent that any such documentation is publicly available at the website of Borrower, Borrower
shall have satisfied the requirement of this subpart (f) with respect to such documentation by providing Agent with a written notice that such documentation is available at the website of Borrower. 
 (g) Financial Information of Companies. Borrower shall deliver to Agent and the Lenders, with reasonable promptness, such other information about
the financial condition, properties and operations of any Company as Agent or such Lender may from time to time reasonably request. 
 Section 5.4. Financial Records. Each Company shall at all times maintain true and complete records and books of account, including, without limiting the generality of the foregoing, appropriate provisions for possible losses and
liabilities, all in accordance with GAAP, and at all reasonable times (during normal business hours and upon notice to such Company) permit Agent or any Lender, or any representative of Agent or such Lender, to 

  

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examine such Company’s books and records and to make excerpts therefrom and transcripts thereof; provided that, unless an Event of Default has occurred
and is continuing, or unless otherwise reasonably agreed by Borrower, Agent (and its designated representatives) shall be limited to one such inspection during each fiscal year of Borrower. 
 Section 5.5. Change in Business. 
 (a) Borrower and each Domestic Subsidiary (other than a Dormant Subsidiary) shall preserve and maintain at all times its existence and material permits, if any, necessary for its business, except as otherwise permitted pursuant to
Section 5.12 hereof. 
 (b) Each Foreign Subsidiary (other than a Dormant Subsidiary) shall preserve and maintain at all times its
existence and material permits, if any, necessary for its business, except as otherwise permitted pursuant to Section 5.12 hereof and except where such failure could not reasonably be expected to have a Material Adverse Effect. 
 (c) No Company shall engage in any business if, as a result thereof, the general nature of the business of the Companies taken as a whole would be
substantially changed from the general nature of the business the Companies are engaged in on the Closing Date. 
 Section 5.6. ERISA
Pension and Benefit Plan Compliance. No Company shall incur any material accumulated funding deficiency within the meaning of ERISA, or any material liability to the PBGC, established thereunder in connection with any ERISA Plan. Borrower shall
furnish to Agent and the Lenders (a) as soon as possible and in any event within thirty (30) days after any Company knows or has reason to know that any Reportable Event with respect to any ERISA Plan has occurred, a statement of a
Financial Officer of such Company, setting forth details as to such Reportable Event and the action that such Company proposes to take with respect thereto, together with a copy of the notice of such Reportable Event given to the PBGC if a copy of
such notice is available to such Company, and (b) promptly after receipt thereof a copy of any notice such Company, or any member of the Controlled Group may receive from the PBGC or the Internal Revenue Service with respect to any ERISA Plan
administered by such Company; provided that this latter clause shall not apply to notices of general application promulgated by the PBGC or the Internal Revenue Service. Borrower shall promptly notify Agent of any material taxes assessed, proposed
to be assessed or that Borrower has reason to believe may be assessed against a Company by the Internal Revenue Service with respect to any ERISA Plan. As used in this Section 5.6, “material” means the measure of a matter of
significance that shall be determined as being an amount equal to five percent (5%) of Consolidated Net Worth. As soon as practicable, and in any event within twenty (20) days, after any Company shall become aware that an ERISA Event shall
have occurred, such Company shall provide Agent with notice of such ERISA Event with a certificate by a Financial Officer of such Company setting forth the details of the event and the action such Company or another Controlled Group member proposes
to take with respect thereto. Borrower shall, at the request of Agent, deliver or cause to be delivered to Agent or such Lender, as the case may be, true and correct copies of any documents relating to the ERISA Plan of any Company. 
  

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 Section 5.7. Financial Covenants. 
 (a) Leverage Ratio. Borrower shall not suffer or permit at any time the Leverage Ratio to exceed (i) 3.00 to 1.00 on the Closing Date through
March 30, 2009, (ii) 2.75 to 1.00 on March 31, 2009 through March 30, 2010, and (iii) 2.50 to 1.00 thereafter. 
 (b) Fixed Charge Coverage Ratio. Borrower shall not suffer or permit at any time the Fixed Charge Coverage Ratio to be less than 1.25 to 1.00 on the Closing Date and thereafter. 
 Section 5.8. Borrowing. No Company shall create, incur or have outstanding any Indebtedness of any kind; provided that this Section 5.8
shall not apply to the following: 
 (a) the Loans, the Letters of Credit and any other Indebtedness under this Agreement; 
 (b) any loans granted to or Capitalized Lease Obligations entered into by any Company for the purchase or lease of fixed assets (and refinancings of such
loans or Capitalized Lease Obligations), which loans and Capitalized Lease Obligations shall only be secured by the fixed assets being purchased or leased, so long as the aggregate principal amount of all such loans and Capitalized Lease Obligations
for all Companies shall not exceed Five Million Dollars ($5,000,000) at any time outstanding; 
 (c) the Indebtedness existing on the Closing
Date, in addition to the other Indebtedness permitted to be incurred pursuant to this Section 5.8, as set forth in Schedule 5.8 hereto (and any extension, renewal or refinancing thereof but only to the extent that the principal amount
thereof does not increase after the Closing Date); 
 (d) loans to, and guaranties of Indebtedness of, a Company from a Company so long as
each such Company is a Credit Party; 
 (e) Indebtedness under any Hedge Agreement, so long as such Hedge Agreement shall have been entered
into in the ordinary course of business and not for speculative purposes; 
 (f) Permitted Foreign Subsidiary Loans and Investments;

 (g) Indebtedness in respect of performance bonds, bid bonds, appeal bonds, surety bonds and completion guaranties and similar obligations
not incurred in connection with the borrowing of money, in each case provided in the ordinary course of business, including those incurred to secure health, safety and environmental obligations in the ordinary course of business; 
 (h) unsecured Indebtedness of a Company incurred as a result of an Acquisition permitted pursuant to Section 5.13 hereof, so long as (i) such
Indebtedness was not created at the time of or in contemplation of such Acquisition, (ii) such Indebtedness is repaid within one hundred eighty (180) days after such Acquisition (unless Borrower shall have obtained the prior written
consent of Agent and the Required Lenders), and (iii) the aggregate amount of all such Indebtedness does not exceed Twenty Million Dollars ($20,000,000) at any time outstanding; provided that Five Million Dollars ($5,000,000) of such
Indebtedness may be secured pursuant to Section 5.9(h) hereof; 
  

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 (i) unsecured Subordinated Indebtedness not to exceed Twenty-Five Million Dollars ($25,000,000) at any
time outstanding, created pursuant to documentation in form and substance satisfactory to Agent, subject to a Subordination Agreement; and 
 (j) other unsecured Indebtedness, in addition to the Indebtedness listed above, in an aggregate principal amount for all Companies not to exceed at any time outstanding the greater of (i) Five Million Dollars ($5,000,000), or
(ii) two percent (2%) of Borrower’s Consolidated gross revenues for the most recently completed four fiscal quarters of Borrower for which financial statements have been delivered to Agent pursuant to Section 5.3(a) and
(b) hereof. 
 Section 5.9. Liens. No Company shall create, assume or suffer to exist (upon the happening of a contingency
or otherwise) any Lien upon any of its property or assets, whether now owned or hereafter acquired; provided that this Section 5.9 shall not apply to the following: 
 (a) Liens for taxes not yet due or that are being actively contested in good faith by appropriate proceedings and for which adequate reserves shall have been established in accordance with GAAP; 
 (b) other statutory Liens, including, without limitation, statutory Liens of landlords, carriers, warehousers, utilities, mechanics, repairmen, workers
and materialmen, and other Liens imposed by law, incidental to the conduct of its business or the ownership of its property and assets that (i) were not incurred in connection with the borrowing of money or the obtaining of advances or credit,
and (ii) do not in the aggregate materially detract from the value of its property or assets or materially impair the use thereof in the operation of its business; 
 (c) Liens on property or assets of a Subsidiary to secure obligations of such Subsidiary to Borrower or a Guarantor of Payment; 
 (d) any Lien granted to Agent, for the benefit of the Lenders; 
 (e) the Liens existing on the Closing Date
as set forth in Schedule 5.9 hereto and replacements, extensions, renewals, refundings or refinancings thereof, but only to the extent that the amount of debt secured thereby shall not be increased; 
 (f) purchase money Liens on fixed assets securing the loans and Capitalized Lease Obligations pursuant to Section 5.8(b) hereof, provided that such
Lien is limited to the purchase price and only attaches to the property being acquired; 
 (g) easements or other minor defects or
irregularities in title of real property not interfering in any material respect with the use of such property in the business of any Company; 
 (h) any Lien on fixed assets owned by a Company as a result of an Acquisition permitted pursuant to Section 5.13 hereof, so long as (i) such Lien was not created at the time of 

  

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or in contemplation of such Acquisition, (ii) such Lien is released within one hundred eighty (180) days after such Acquisition (unless Borrower
shall have obtained the prior written consent of Agent and the Required Lenders), and (iii) the aggregate amount of all such Liens does not exceed Five Million Dollars ($5,000,000) at any time or such Lien is otherwise permitted pursuant to
another subpart of this Section 5.9); 
 (i) any attachment or judgment Lien not constituting an Event of Default hereunder; 

(j) licenses (with respect to intellectual property), leases or subleases granted to third parties in accordance with any applicable terms of the Loan
Documents and not interfering in any material respect with the ordinary course of business of any Company, or resulting in a material diminution in the value of any Collateral; 
 (k) Liens in favor of customs authorities arising as a matter of law to secure payment of customs duties in connection with the importation of goods; and

 (l) other Liens, in addition to the Liens listed above, securing amounts, in the aggregate for all Companies, not to exceed One Million
Dollars ($1,000,000) at any time. 
 No Company shall enter into any contract or agreement (other than (i) a contract or agreement entered into in
connection with the purchase or lease of fixed assets that prohibits Liens on such fixed assets, or (ii) any agreement with a restriction that is not enforceable under Section 9-406, 9-407 or 9-408 of the UCC) that would prohibit Agent or
the Lenders from acquiring a security interest, mortgage or other Lien on, or a collateral assignment of, any of the property or assets of such Company. 
 Section 5.10. Regulations T, U and X. No Company shall take any action that would result in any non-compliance of the Loans or Letters of Credit with Regulations T, U or X, or any other applicable
regulation, of the Board of Governors of the Federal Reserve System. 
 Section 5.11. Investments, Loans and Guaranties. No
Company shall (a) create, acquire or hold any Subsidiary, (b) make or hold any investment in any stocks, bonds or securities of any kind, (c) be or become a party to any joint venture or other partnership, (d) make or keep
outstanding any loan to any Person, or (e) be or become a Guarantor of any kind (other than a Guarantor of Payment under the Loan Documents); provided that this Section 5.11 shall not apply to the following: 
 (i) any endorsement of a check or other medium of payment for deposit or collection through normal banking channels or similar transaction
in the normal course of business; 
 (ii) any investment in direct obligations of the United States of America or in
certificates of deposit issued by a member bank (having capital resources in excess of One Hundred Million Dollars ($100,000,000)) of the Federal Reserve System; 
  

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 (iii) any investment in commercial paper or securities that at the time of such
investment is assigned a quality rating of Aa3/AA- or above by the rating systems respectively employed by either Moody’s or Standard & Poor’s; 
 (iv) the holding of each of the Subsidiaries listed on Schedule 6.1 hereto, and the creation, acquisition and holding of and any
investment in any new Subsidiary after the Closing Date so long as such new Subsidiary shall have been created, acquired or held, and investments made, in accordance with the terms and conditions of this Agreement; 
 (v) loans to, investments in, and guaranties of the Indebtedness of, a Credit Party by or from a Company; 
 (vi) any Permitted Investment or Permitted Foreign Subsidiary Loans and Investments, so long as no Default or Event of Default shall then
exist or would result therefrom; 
 (vii) Hedge Agreements that are not speculative in nature; or 
 (viii) payroll, travel and similar advances to employees (including relocation expenses) to cover matters that are expected, at the time
of such advance, ultimately to be treated as an expense for accounting purposes, and that are made in the ordinary course of business and consistent with past practice, in an aggregate amount, for all such advances of all Companies, not to exceed
Two Million Dollars ($2,000,000) at any time outstanding. 
 For purposes of this Section 5.11, the amount of any investment in equity interests shall
be based upon the initial amount invested and shall not include any appreciation in value or return on such investment. 
 Section 5.12.
Merger and Sale of Assets. No Company shall merge, amalgamate or consolidate with any other Person, or sell, lease or transfer or otherwise dispose of any assets to any Person other than in the ordinary course of business, except that, if no
Default or Event of Default shall then exist or immediately thereafter shall begin to exist: 
 (a) a Credit Party may merge, amalgamate or
consolidate with any other Credit Party (provided that if one of such Companies is Borrower, Borrower shall be the continuing or surviving Person); 
 (b) a Non-Credit Party may merge, amalgamate or consolidate with another Person (provided that if such Person is a Credit Party, such Credit Party shall be the continuing or surviving Person); 
 (c) a Credit Party (other than Borrower) may sell, lease, transfer or otherwise dispose of any of its assets to any other Credit Party; 
  

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 (d) a Non-Credit Party may sell, lease, transfer or otherwise dispose of any of its assets to any other
Company; 
 (e) any Company (other than Borrower) may be liquidated or dissolved so long as (i) if such Company is a Credit Party, its
assets are distributed to a Credit Party, and (ii) notice of such liquidation or dissolution is provided to Agent and the Lenders with the Compliance Certificate delivered for the fiscal quarter of Borrower in which such liquidation or
dissolution occurred; 
 (f) a Company may sell, lease, transfer or otherwise dispose of any assets that are obsolete or no longer useful (as
determined by the Company in its reasonable and good faith discretion) in such Company’s business; 
 (g) a Company may enter into
sale/leaseback transactions subject to any the restrictions set forth in Section 5.8(b) hereof; 
 (h) a Company may sell, lease,
transfer or otherwise dispose of any assets, in addition to any sale, transfer or disposition otherwise permitted above, in an aggregate amount not to exceed Five Million Dollars ($5,000,000) during the Commitment Period; and 
 (i) Acquisitions may be effected in accordance with the provisions of Section 5.13 hereof. 
 Section 5.13. Acquisitions. No Company shall effect an Acquisition; provided, however, that a Credit Party may effect an Acquisition so long
as such Acquisition meets all of the following requirements: 
 (a) the business to be acquired shall be similar to the lines of business of
the Companies; 
 (b) no Default or Event of Default shall exist prior to or after giving effect to such Acquisition; 
 (c) such Acquisition is not actively opposed by the board of directors (or similar governing body) of the selling Persons or the Persons whose equity
interests are to be acquired; 
 (d) Borrower shall have provided to Agent and the Lenders, at least five Business Days prior to such
Acquisition (or, if the aggregate Consideration paid for such Acquisition is less than Five Million Dollars ($5,000,000), within ten Business Days after the completion of such Acquisition), a certificate of a Financial Officer showing pro forma
compliance with Section 5.7 hereof, both before and after giving effect to the proposed Acquisition; 
 (e) the aggregate amount of
Consideration paid in the form of cash or assumed indebtedness (direct or contingent) for any such Acquisition (or related series of Acquisitions) would not exceed Thirty Million Dollars ($30,000,000); 
  

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 (f) the aggregate amount of Consideration paid in the form of cash or assumed indebtedness (direct or
contingent) for all Acquisitions for all Companies, during any fiscal year of Borrower, would not exceed Fifty Million Dollars ($50,000,000); 
 (g) the aggregate amount of Consideration paid in the form of cash or assumed indebtedness (direct or contingent) for all Acquisitions for all Companies, during the Commitment Period, would not exceed One Hundred Fifty Million Dollars
($150,000,000); and 
 (h) the Liquidity Amount shall be no less than Twenty Million Dollars ($20,000,000) after giving effect to such
Acquisition. 
 Section 5.14. Notice. 
 (a) Borrower shall cause a Financial Officer to promptly notify Agent and the Lenders, in writing, whenever a Default or Event of Default has occurred hereunder. 
 (b) Borrower shall provide written notice to Agent and the Lenders contemporaneously with any notice provided to, or received from, any Subordinated
Creditor. 
 Section 5.15. Restricted Payments. No Company shall make or commit itself to make any Restricted Payment, except
that: 
 (a) Borrower may make Restricted Payments (other than payments with respect to Subordinated Indebtedness) if no Default or Event of
Default shall then exist or, after giving pro forma effect to such payment, thereafter shall begin to exist; and 
 (b) Borrower may make
regularly scheduled payments with respect to Subordinated Indebtedness if no Default or Event of Default shall then exist or, after giving pro forma effect to such payment, thereafter shall begin to exist. 
 Section 5.16. Environmental Compliance. Each Company shall comply in all material respects with any and all Environmental Laws including,
without limitation, all Environmental Laws in jurisdictions in which such Company owns or operates a facility or site, arranges for disposal or treatment of hazardous substances, solid waste or other wastes, accepts for transport any hazardous
substances, solid waste or other wastes or holds any interest in real property or otherwise. Borrower shall furnish to Agent and the Lenders, promptly after receipt thereof, a copy of any notice such Company may receive from any Governmental
Authority or private Person, or otherwise, that any material litigation or proceeding pertaining to any environmental, health or safety matter has been filed or is threatened against such Company, any real property in which such Company holds any
interest or any past or present operation of such Company, excluding any such potential environmental claim, condition, or occurrence that is not reasonably expected to exceed One Million Dollars ($1,000,000). No Company shall allow the release or
disposal of hazardous waste, solid waste or other wastes on, under or to any real property in which any Company holds any ownership interest or performs any of its operations, in violation of any Environmental Law. As used in this Section 5.16,
“litigation or proceeding” means any demand, claim, notice, suit, suit in equity action, administrative action, investigation or inquiry 

  

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whether brought by any Governmental Authority or private Person, or otherwise. Borrower shall defend, indemnify and hold Agent and the Lenders harmless
against all costs, expenses, claims, damages, penalties and liabilities of every kind or nature whatsoever (including attorneys’ fees) arising out of or resulting from the noncompliance of any Company with any Environmental Law. Such
indemnification shall survive any termination of this Agreement. 
 Section 5.17. Affiliate Transactions. No Company shall,
directly or indirectly, enter into or permit to exist any transaction (including, without limitation, the purchase, sale, lease or exchange of any property or the rendering of any service) with any Affiliate (other than a Company that is a Credit
Party or a Foreign Subsidiary) on terms that shall be less favorable to such Company than those that might be obtained at the time in a transaction with a non-Affiliate; provided, however, that the foregoing shall not prohibit (a) any
transaction entered into in the ordinary course of business and on terms consistent with past business practices of the Companies, or (b) the payment of customary and reasonable directors’ fees to directors who are not employees of a
Company or an Affiliate. 
 Section 5.18. Use of Proceeds. Borrower’s use of the proceeds of the Loans shall be for working
capital and other general corporate purposes of the Companies, and the refinancing of existing Indebtedness. 
 Section 5.19.
Corporate Names and Locations of Collateral. No Credit Party shall change its corporate name, unless, in each case, such Company shall have provided Agent with at least thirty (30) days prior written notice thereof. Borrower shall
promptly notify Agent of (a) any change in any principal location where a material portion of any Credit Party’s Inventory or Equipment is maintained in the United States, and any new locations where any material portion of any Credit
Party’s Inventory or Equipment is to be maintained in the United States; (b) any change in the location of the office where any Credit Party’s records pertaining to its Accounts are kept; and (c) any change in the location of any
Credit Party’s chief executive office. In the event of any of the foregoing or if deemed appropriate by Agent, Agent is hereby authorized to file new U.C.C. Financing Statements describing the Collateral and otherwise in form and substance
sufficient for recordation wherever necessary or appropriate, as determined in Agent’s sole discretion, to perfect or continue perfected the security interest of Agent, for the benefit of the Lenders, in the Collateral. Borrower shall pay all
filing and recording fees and taxes in connection with the filing or recordation of such U.C.C. Financing Statements and security interests and shall promptly reimburse Agent therefor if Agent pays the same. Such amounts shall be Related Expenses
hereunder. 
 Section 5.20. Subsidiary Guaranties, Security Documents and Pledge of Stock or Other Ownership Interest.

 (a) Guaranties and Security Documents. Each Domestic Subsidiary (that is not a Dormant Subsidiary) created, acquired or held
subsequent to the Closing Date, shall immediately execute and deliver to Agent, for the benefit of the Lenders, a Guaranty of Payment of all of the Obligations and a Security Agreement and Mortgages, as appropriate, such agreements to be in form and
substance acceptable to Agent, along with any such other supporting documentation, Security Documents, corporate governance and authorization documents, and an opinion of counsel as may be deemed necessary or advisable by Agent. 
  

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 (b) Pledge of Stock or Other Ownership Interest. With respect to the creation or acquisition of a
Domestic Subsidiary or a first-tier Foreign Subsidiary of Borrower or a Domestic Subsidiary, Borrower shall deliver to Agent, for the benefit of the Lenders, all of the share certificates (or other evidence of equity) owned by a Credit Party
pursuant to the terms of a Pledge Agreement executed by the appropriate Credit Party; provided that (i) no Company shall be required to pledge more than sixty-five percent (65%) of the outstanding voting shares or other voting ownership
interest of any Foreign Subsidiary, and (ii) if Agent, in its reasonable discretion, after consultation with Borrower, determines that the cost of delivery of any such share certificates is impractical or cost-prohibitive, then Agent may agree
to forego (until such time as Agent determines it is practical to do so) the delivery of such share certificates. 
 (c) Perfection or
Registration of Interest in Foreign Shares. With respect to any foreign shares pledged to Agent, for the benefit of the Lenders, on or after the Closing Date, Agent shall at all times, in the discretion of Agent or the Required Lenders, have the
right to perfect upon ninety (90) days advance notice, at Borrower’s cost, payable upon request therefor (including, without limitation, any foreign counsel, or foreign notary, filing, registration or similar, fees, costs or expenses), its
security interest in such shares in the respective foreign jurisdiction; provided that (i) neither Agent nor the Required Lenders shall require foreign perfection of shares in foreign jurisdictions for the shares of any Foreign Subsidiary that
is not a Material Foreign Subsidiary so long as all first-tier Foreign Subsidiaries (the shares of which there is no foreign perfection), together with their respective Foreign Subsidiaries, do not aggregate (A) five percent (5%) or more
of the Consolidated total assets of Borrower for the most recently completed fiscal quarter of Borrower, or (B) five percent (5%) or more of the Consolidated total revenue of Borrower for the most recently completed four fiscal quarters of
Borrower; and (ii) if Agent, in its reasonable discretion, after consultation with Borrower, determines that the cost of perfecting in a foreign jurisdiction, the security interest of Agent, for the benefit of the Lenders, in the Pledged
Securities relating to any Material Foreign Subsidiary, is impractical or cost-prohibitive, then Agent may agree to forego (until such time as Agent determines it is practical to so perfect such interest) the foreign perfection of such security
interest. 
 Section 5.21. Collateral. Borrower shall: 
 (a) on reasonable notice and at all reasonable times allow Agent or any Lender by or through any of its officers, agents, employees, attorneys, or
accountants to (i) examine, inspect, and make extracts from Borrower’s books and other records, including, without limitation, the tax returns of Borrower; (ii) arrange for verification of Borrower’s Accounts, under reasonable
procedures, directly with Account Debtors or by other methods; and (iii) examine and inspect Borrower’s Inventory and Equipment, wherever located; provided that so long as an Event of Default has not occurred and is continuing, Agent and
the Lenders (in the aggregate) may only take any such action provided by this subpart (a) one time during any fiscal year of Borrower; 
  

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 (b) promptly furnish to Agent or any Lender upon request (i) additional statements and information
with respect to the Collateral, and all writings and information relating to or evidencing any of Borrower’s Accounts (including, without limitation, computer printouts or typewritten reports listing the mailing addresses of all present Account
Debtors), and (ii) any other writings and information as Agent or such Lender may request; 
 (c) notify Agent in writing promptly upon
the creation by any Company of a Deposit Account not listed on Schedule 6.19 hereto and provide for the execution of a Control Agreement with respect thereto, if required by Agent or the Required Lenders; 
 (d) promptly notify Agent in writing whenever a material amount of the Inventory of a Company is located at a location of a third party (other than
another Company) that is not listed on Schedule 6.9 hereto and cause to be executed any bailee’s waiver, processor’s waiver or similar document or notice that may be required by Agent or the Required Lenders; 
 (e) except as otherwise permitted by this Agreement, maintain Borrower’s Equipment in good operating condition and repair, ordinary wear and tear
excepted, making all necessary replacements thereof so that the value and operating efficiency thereof shall at all times be maintained and preserved; 
 (f) with reasonable promptness after the written request of Agent, deliver to Agent to hold as security for the Secured Obligations, all certificated Investment Property owned by a Credit Party (excluding any
Investment Property with respect to a Foreign Subsidiary that is not required to be pledged pursuant to this Agreement), in suitable form for transfer by delivery, or accompanied by duly executed instruments of transfer or assignment in blank, all
in form and substance satisfactory to Agent, or in the event such Investment Property is in the possession of a securities intermediary or credited to a securities account, execute with the related securities intermediary an investment property
control agreement over such securities account in favor of Agent, for the benefit of the Lenders, in form and substance satisfactory to Agent; 
 (g) provide to Agent, on a quarterly basis (as necessary), a list of any patents, trademarks or copyrights that have been federally registered during such quarter; and 
 (h) upon request of Agent, promptly take such action and promptly make, execute, and deliver (subject to any conditions set forth in Sections 4.3(c),
5.20(b) and 5.20(c) hereof) all such additional and further items, deeds, assurances, instruments and any other writings as Agent may from time to time deem necessary or appropriate, including, without limitation, chattel paper, to carry into effect
the intention of this Agreement, or so as to completely vest in and ensure to Agent and the Lenders their respective rights hereunder and in or to the Collateral. 
 Borrower hereby authorizes Agent, on behalf of the Lenders, to file U.C.C. Financing Statements with respect to the Collateral. If certificates of title or applications for title are issued or outstanding with respect to any of the
Inventory or Equipment of Borrower, Borrower shall, upon request of Agent, (i) execute and deliver to Agent a short form security agreement, in form and substance satisfactory to Agent, and (ii) deliver such certificate or application to
Agent and cause the interest of Agent, for the benefit of the Lenders, to be properly noted thereon. 

  

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Borrower hereby authorizes Agent or Agent’s designated agent (but without obligation by Agent to do so) to incur Related Expenses (whether prior to,
upon, or subsequent to any Default or Event of Default), and Borrower shall promptly repay, reimburse, and indemnify Agent and the Lenders for any and all Related Expenses. If Borrower fails to keep and maintain its Equipment in good operating
condition, ordinary wear and tear excepted, Agent may (but shall not be required to) so maintain or repair all or any part of Borrower’s Equipment and the cost thereof shall be a Related Expense. All Related Expenses are payable to Agent upon
demand therefor; Agent may, at its option, debit Related Expenses directly to any deposit account of a Company located at Agent or the Revolving Loans. 
 Section 5.22. Property Acquired Subsequent to the Closing Date and Right to Take Additional Collateral. Borrower shall provide Agent with prompt written notice with respect to any real or personal property
(excluding Accounts, Inventory, Equipment, General Intangibles and other property acquired in the ordinary course of business or any Investment Property that constitutes securities of a Foreign Subsidiary not required to be pledged pursuant to this
Agreement) acquired by any Company subsequent to the Closing Date. In addition to any other right that Agent and the Lenders may have pursuant to this Agreement or otherwise, upon written request of Agent, whenever made, Borrower shall, and shall
cause each Guarantor of Payment to, grant to Agent, for the benefit of the Lenders, as additional security for the Secured Obligations, a first (except as to fixed assets subject to a capitalized lease or purchase money security interest, in which
case, Agent shall have the right to obtain a security interest junior only to such lessor or purchase money lender) Lien on any real or personal property of Borrower and each Guarantor of Payment in which Agent does not have a first priority Lien.
Borrower agrees that, within ten Business Days after the date of such written request, to secure all of such Indebtedness by delivering to Agent security agreements, mortgages (or deeds of trust, if applicable) or other documents, instruments or
agreements or such thereof as Agent may require. Borrower shall pay all recordation, legal and other expenses in connection therewith. 
 Section 5.23. Restrictive Agreements. Except as set forth in this Agreement, Borrower shall not, and shall not permit any of its Subsidiaries to, directly or indirectly, create or otherwise cause or suffer to exist or become
effective any encumbrance or restriction on the ability of any Subsidiary to (a) make, directly or indirectly, any Capital Distribution to Borrower, (b) make, directly or indirectly, loans or advances or capital contributions to Borrower
or (c) transfer, directly or indirectly, any of the properties or assets of such Subsidiary to Borrower; except for such encumbrances or restrictions existing under or by reason of (i) applicable law, (ii) customary non-assignment
provisions in leases or other agreements entered in the ordinary course of business and consistent with past practices, (iii) customary restrictions in security agreements or mortgages securing Indebtedness or capital leases, of a Company to
the extent such restrictions shall only restrict the transfer of the property subject to such security agreement, mortgage or lease, (iv) restrictions with respect to a Subsidiary imposed pursuant to an agreement which has been entered into in
connection with the disposition of all or substantially all of the assets or capital stock of such Subsidiary, or (v) customary restrictions in agreements executed by Foreign Subsidiaries in connection with foreign financing arrangements.

 Section 5.24. Other Covenants. In the event that any Company shall enter into, or shall have entered into, any Subordinated
Debt Document, wherein the covenants and agreements 

  

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contained therein shall be more restrictive than the covenants and agreements set forth herein, then the Companies shall be bound hereunder by such more
restrictive covenants and agreements with the same force and effect as if such covenants and agreements were written herein. 
 Section 5.25. Amendment of Organizational Documents. Without the prior written consent of Agent, no Credit Party shall (a) amend its Organizational Documents in any manner adverse to the Lenders, or (b) amend its
Organizational Documents to change its name or state, province or other jurisdiction of organization. 
 Section 5.26. Further
Assurances. Borrower shall, promptly upon request by Agent, or the Required Lenders through Agent, (a) correct any material defect or error that may be discovered in any Loan Document or in the execution, acknowledgment, filing or
recordation thereof, and (b) do, execute, acknowledge, deliver, record, re-record, file, re-file, register and re-register any and all such further acts, deeds, certificates, assurances and other instruments related to the Collateral as Agent,
or the Required Lenders through Agent, may reasonably require from time to time in order to carry out more effectively the purposes of the Loan Documents. 
 ARTICLE VI. REPRESENTATIONS AND WARRANTIES 
 Section 6.1. Corporate Existence; Subsidiaries; Foreign
Qualification. Each Company is duly organized, validly existing, and in good standing (or comparable concept in the applicable jurisdiction) under the laws of its state or jurisdiction of incorporation or organization, and is duly qualified and
authorized to do business and is in good standing (or comparable concept in the applicable jurisdiction) as a foreign entity in the jurisdictions set forth opposite its name on Schedule 6.1 hereto, which are all of the states or jurisdictions
where the character of its property or its business activities makes such qualification necessary, except where a failure to so qualify would not reasonably be expected to have a Material Adverse Effect. Schedule 6.1 hereto sets forth, as of
the Closing Date, each Subsidiary of Borrower (and whether such Subsidiary is a Dormant Subsidiary) and each Person that is an owner of each Company’s equity (other than Borrower), its state of formation, its relationship to Borrower, including
the percentage of each class of stock or other equity interest owned by a Company, the location of its chief executive office and its principal place of business. Borrower, directly or indirectly, owns all of the equity interests of each of its
Subsidiaries (excluding directors’ qualifying shares and, in the case of Foreign Subsidiaries, other nominal amounts of shares held by a Person other than a Company). 
 Section 6.2. Corporate Authority. Each Credit Party has the right and power and is duly authorized and empowered to enter into, execute and
deliver the Loan Documents to which it is a party and to perform and observe the provisions of the Loan Documents. The Loan Documents to which each Credit Party is a party have been duly authorized and approved by such Credit Party’s board of
directors or other governing body, as applicable, and are the valid and binding obligations of such Credit Party, enforceable against such Credit Party in accordance with their respective terms, except to the extent that the enforceability thereof
may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws generally affecting creditors’ rights and by equitable principles (regardless of whether enforcement is sought in equity or at law). The
execution, delivery and performance of the Loan Documents do not 

  

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conflict with, result in a breach in any of the provisions of, constitute a default under, or result in the creation of a Lien (other than Liens permitted
under Section 5.9 hereof) upon any assets or property of any Company under the provisions of, such Company’s Organizational Documents or any material agreement. 
 Section 6.3. Compliance with Laws and Contracts. Each Company: 
 (a) holds permits, certificates,
licenses, orders, registrations, franchises, authorizations, and other approvals from any Governmental Authority necessary for the conduct of its business and is in compliance with all applicable laws relating thereto, except where such failure
could not reasonably be expected to have a Material Adverse Effect; 
 (b) is in compliance with all federal, state, local, or foreign
applicable statutes, rules, regulations, and orders including, without limitation, those relating to environmental protection, occupational safety and health, and equal employment practices, except where such non-compliance could not reasonably be
expected to have a Material Adverse Effect; 
 (c) is not in violation of or in default under any material agreement to which it is a party
or by which its assets are subject or bound, except where such violation or default could not reasonably be expected to have a Material Adverse Effect; 
 (d) has ensured that no Person who owns a controlling interest in a Company or otherwise controls a Company (other than Borrower) and no executive officer or director of Borrower is (i) listed on the Specially
Designated Nationals and Blocked Person List maintained by the Office of Foreign Assets Control (“OFAC”), Department of the Treasury, or any other similar lists maintained by OFAC pursuant to any authorizing statute, executive order or
regulation, or (ii) a Person designated under Section 1(b), (c) or (d) of Executive Order No. 13224 (September 23, 2001), any related enabling legislation or any other similar executive orders; 
 (e) is in material compliance with all applicable Bank Secrecy Act (“BSA”) and anti-money laundering laws and regulations; and 
 (f) is in compliance with the Patriot Act. 
 Section 6.4. Litigation and Administrative Proceedings. Except as disclosed on Schedule 6.4 hereto, there are (a) no lawsuits, actions, investigations, or other proceedings pending or, to Borrower’s knowledge,
threatened against any Company, or in respect of which any Company may have any liability, in any court or before any Governmental Authority, arbitration board, or other tribunal that could reasonably be expected to have a Material Adverse Effect,
(b) no orders, writs, injunctions, judgments, or decrees of any court or Governmental Authority to which any Company is a party or by which the property or assets of any Company are bound that could reasonably be expected to have a Material
Adverse Effect, and (c) no grievances, disputes, or controversies outstanding with any union or other organization of the employees of any Company, or threats of work stoppage, strike, or pending demands for collective bargaining that could
reasonably be expected to have a Material Adverse Effect. 
  

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 Section 6.5. Title to Assets. Each Company has good title to and ownership of all material
property it purports to own that is material to the business of the Companies, which property is free and clear of all Liens, except those permitted under Section 5.9 hereof. As of the Closing Date, the Companies own the real property listed on
Schedule 6.5 hereto. 
 Section 6.6. Liens and Security Interests. On and after the Closing Date, except for Liens
permitted pursuant to Section 5.9 hereof, (a) there is and will be no U.C.C. Financing Statement or similar notice of Lien outstanding covering any personal property of any Company; (b) there is and will be no mortgage outstanding
covering any real property of any Company; and (c) no real or personal property of any Company is subject to any Lien of any kind. Agent, for the benefit of the Lenders, upon the filing of the U.C.C. Financing Statements and taking such other
actions necessary to perfect its Lien against Collateral of the corresponding type as authorized hereunder will have a valid and enforceable first Lien on the Collateral to the extent such Lien may be perfected by the filing of a U.C.C. Financing
Statement. No Company has entered into any contract or agreement (other than (i) a contract or agreement entered into in connection with the purchase or lease of fixed assets that prohibits Liens on such fixed assets or (ii) any agreement
with a restriction that is not enforceable under Section 9-406, 9-407 or 9-408 of the UCC) that exists on or after the Closing Date that would prohibit Agent or the Lenders from acquiring a Lien on, or a collateral assignment of, any of the
property or assets of any Company. 
 Section 6.7. Tax Returns. All federal and state, and material provincial and local tax
returns and other material reports required by law to be filed in respect of the income, business, properties and employees of each Company have been filed (or extended as permitted by applicable law) and all material domestic taxes (or foreign
taxes to the extent the nonpayment of such taxes would reasonably be expected to have a Material Adverse Effect), assessments, fees and other governmental charges that are due and payable have been paid, except as otherwise permitted herein. The
provision for taxes on the books of each Company is adequate for all years not closed by applicable statutes and for the current fiscal year. 
 Section 6.8. Environmental Laws. Each Company is in material compliance with all Environmental Laws, including, without limitation, all Environmental Laws in all jurisdictions in which any Company owns or operates, or has owned
or operated, a facility or site, arranges or has arranged for disposal or treatment of hazardous substances, solid waste or other wastes, accepts or has accepted for transport any hazardous substances, solid waste or other wastes or holds or has
held any interest in real property or otherwise. No material litigation or proceeding arising under, relating to or in connection with any Environmental Law is pending or, to the knowledge of each Company, threatened, against any Company, any real
property in which any Company holds or has held an interest or any past or present operation of any Company. No material release, threatened release or disposal of hazardous waste, solid waste or other wastes is occurring, or has occurred (other
than those that are currently being remediated in accordance with Environmental Laws), on, under or to any real property in which any Company holds any interest or performs any of its operations, in violation of any Environmental Law. As used in
this Section 6.8, “litigation or proceeding” means any demand, claim, notice, suit, suit in equity, action, administrative action, investigation or inquiry whether brought by any Governmental Authority or private Person, or otherwise.

  

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 Section 6.9. Locations. As of the Closing Date, the Credit Parties have places of business or
maintain their Accounts, Inventory and Equipment at the locations (including third party locations) set forth on Schedule 6.9 hereto, and each Credit Party’s chief executive office is set forth on Schedule 6.9 hereto. Schedule
6.9 further specifies whether each location, as of the Closing Date, (a) is owned by the Credit Parties, or (b) is leased by a Credit Party from a third party, and, if leased by a Credit Party from a third party, if a Landlord’s
Waiver has been requested. As of the Closing Date, Schedule 6.9 correctly identifies the name and address of each third party location where a material portion of the assets of the Credit Parties are located. 
 Section 6.10. ERISA Plans. Schedule 6.10 hereto identifies each ERISA Plan as of the Closing Date. No ERISA Event has occurred or is
expected to occur with respect to an ERISA Plan. Full payment has been made of all amounts that a Controlled Group member is required, under applicable law or under the governing documents, to have paid as a contribution to or a benefit under each
ERISA Plan. The liability of each Controlled Group member with respect to each ERISA Plan has been fully funded based upon reasonable and proper actuarial assumptions, has been fully insured, or has been fully reserved for on its financial
statements. No changes have occurred or are expected to occur that would cause a material increase in the cost of providing benefits under the ERISA Plan. With respect to each ERISA Plan that is intended to be qualified under Code
Section 401(a), (a) the ERISA Plan and any associated trust operationally and demographically comply with the applicable requirements of Code Section 401(a); (b) the ERISA Plan and any associated trust have been amended to comply
with all such requirements as currently in effect, other than those requirements for which a retroactive amendment can be made within the “remedial amendment period” available under Code Section 401(b) (as extended under Treasury
Regulations and other Treasury pronouncements upon which taxpayers may rely); (c) the ERISA Plan and any associated trust have received a favorable determination letter from the Internal Revenue Service stating (or the sponsor of the ERISA Plan
is entitled to rely on an opinion letter from the Internal Revenue Service that, from a documentary perspective, states) that the ERISA Plan qualifies under Code Section 401(a), that the associated trust qualifies under Code Section 501(a)
and, if applicable, that any cash or deferred arrangement under the ERISA Plan qualifies under Code Section 401(k), unless the ERISA Plan was first adopted at a time for which the above-described “remedial amendment period” has not
yet expired; and (d) no contribution made to the ERISA Plan is subject to an excise tax under Code Section 4972. With respect to any Pension Plan, the “accumulated benefit obligation” of Controlled Group members with respect to
the Pension Plan (as determined in accordance with Statement of Accounting Standards No. 87, “Employers’ Accounting for Pensions”) does not exceed the fair market value of Pension Plan assets. As used in this Section 6.10,
“material” means the measure of a matter of significance that shall be determined as being an amount equal to five percent (5%) of Consolidated Net Worth. 
 Section 6.11. Consents or Approvals. No consent, approval or authorization of, or filing, registration or qualification with, any Governmental Authority or any other Person is required to be obtained or
completed by any Company in connection with the execution, delivery or performance of any of the Loan Documents, that has not already been obtained or completed, except the filing and recording of financing statements and other documents necessary
in order to perfect the Liens created by this Agreement or the Security Documents. 
  

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 Section 6.12. Solvency. Borrower has received consideration that is the reasonable equivalent
value of the obligations and liabilities that Borrower has incurred to Agent and the Lenders. Borrower is not insolvent as defined in any applicable state, federal or relevant foreign statute, nor will Borrower be rendered insolvent by the execution
and delivery of the Loan Documents to Agent and the Lenders. Borrower is not engaged or about to engage in any business or transaction for which the assets retained by it are or will be an unreasonably small amount of capital, taking into
consideration the obligations to Agent and the Lenders incurred hereunder. Borrower does not intend to, nor does it believe that it will, incur debts beyond its ability to pay such debts as they mature. 
 Section 6.13. Financial Statements. The Consolidated financial statements of Borrower for the fiscal year ended March 31, 2007 and the
unaudited Consolidated financial statements of Borrower for the fiscal quarter ended September 30, 2007, furnished to Agent and the Lenders, are true and complete, have been prepared in accordance with GAAP, and fairly present the financial
condition of the Companies as of the dates of such financial statements and the results of their operations for the periods then ending. Since the dates of such statements, there has been no material adverse change in any Company’s financial
condition, properties or business or any change in any Company’s accounting procedures. 
 Section 6.14. Regulations. No
Company is engaged principally or as one of its important activities, in the business of extending credit for the purpose of purchasing or carrying any “margin stock” (within the meaning of Regulation U of the Board of Governors of the
Federal Reserve System of the United States of America). Neither the granting of any Loan (or any conversion thereof) or Letter of Credit nor the use of the proceeds of any Loan or Letter of Credit will violate, or be inconsistent with, the
provisions of Regulation T, U or X or any other Regulation of such Board of Governors. 
 Section 6.15. Material Agreements.
Except as disclosed on Schedule 6.15 hereto, as of the Closing Date, no Company is a party to any Material Agreement that, if violated, breached, or terminated for any reason, would have or would be reasonably expected to have a Material
Adverse Effect. 
 Section 6.16. Intellectual Property. Each Company owns, or has the right to use, all of the material patents,
patent applications, industrial designs, designs, trademarks, service marks, copyrights and licenses, and rights with respect to the foregoing, necessary for the conduct of its business without any known conflict with the rights of others.
Schedule 6.16 hereto sets forth all registered patents, trademarks and copyrights owned by each Company as of the Closing Date. 
 Section 6.17. Insurance. Each Company maintains with financially sound and reputable insurers insurance with coverage and limits as required by law and as is customary with Persons engaged in the same businesses as the
Companies. Schedule 6.17 hereto sets forth all insurance carried by the Companies on the Closing Date, setting forth in detail the amount and type of such insurance. 
  

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 Section 6.18. Deposit Accounts. Schedule 6.18 hereto lists all banks and other
financial institutions at which any Company maintains deposit or other accounts as of the Closing Date, and Schedule 6.18 hereto correctly identifies the name, address and telephone number of each depository, the name in which the account is
held, a description of the purpose of the account, and the complete account number therefor. 
 Section 6.19. Complete
Statements. After due inquiry by Borrower, there is no known fact that any Company has not disclosed to Agent and the Lenders that has or is likely to have a Material Adverse Effect. 
 Section 6.20. Investment Company; Other Restrictions. No Company is (a) an “investment company” or a company
“controlled” by an “investment company” within the meaning of the Investment Company Act of 1940, as amended, or (b) subject to any foreign, federal, state or local statute or regulation limiting its ability to incur
Indebtedness. 
 Section 6.21. Defaults. No Default or Event of Default exists hereunder, nor will any begin to exist immediately
after the execution and delivery hereof. 
 ARTICLE VII. SECURITY 
 Section 7.1. Security Interest in Collateral. In consideration of and as security for the full and complete payment of all of the Secured
Obligations, Borrower hereby grants to Agent, for the benefit of the Lenders, a security interest in the Collateral. 
 Section 7.2.
Collections and Receipt of Proceeds by Borrower. 
 (a) Prior to the exercise by Agent and the Required Lenders of their rights under
Article IX hereof, both (i) the lawful collection and enforcement of all of Borrower’s Accounts, and (ii) the lawful receipt and retention by Borrower of all Proceeds of all of Borrower’s Accounts and Inventory shall be as agent
of Agent and the Lenders. 
 (b) After the occurrence and during the continuance of an Event of Default and upon written notice to Borrower
from Agent, a Cash Collateral Account shall be opened by Borrower at the main office of Agent (or such other office as shall be designated by Agent) and all such lawful collections of Borrower’s Accounts and such Proceeds of Borrower’s
Accounts and Inventory shall be remitted daily by Borrower to Agent in the form in which they are received by Borrower, either by mailing or by delivering such collections and Proceeds to Agent, appropriately endorsed for deposit in the Cash
Collateral Account. In the event that such notice is given to Borrower from Agent, Borrower shall not commingle such collections or Proceeds with any of Borrower’s other funds or property, but shall hold such collections and Proceeds separate
and apart therefrom upon an express trust for Agent, for the benefit of the Lenders. In such case, Agent may, in its sole discretion, and shall, at the request of the Required Lenders, at any time and from time to time after the occurrence and
during the continuance of an Event of Default, apply all or any portion of the account balance in the Cash Collateral Account as a credit 

  

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against (i) the outstanding principal or interest of the Loans, or (ii) any other Obligations in accordance with this Agreement. If any remittance
shall be dishonored, or if, upon final payment, any claim with respect thereto shall be made against Agent on its warranties of collection, Agent may charge the amount of such item against the Cash Collateral Account or any other Deposit Account
maintained by Borrower with Agent or with any other Lender, and, in any event, retain the same and Borrower’s interest therein as additional security for the Secured Obligations. Agent may, in its sole discretion, at any time and from time to
time, release funds from the Cash Collateral Account to Borrower for use in Borrower’s business. The balance in the Cash Collateral Account may be withdrawn by Borrower upon termination of this Agreement and payment in full of all of the
Secured Obligations (other than inchoate indemnity obligations). 
 (c) After the occurrence and during the continuance of an Event of
Default, at Agent’s written request, Borrower shall cause all remittances representing collections and Proceeds of Collateral to be mailed to a lockbox at a location acceptable to Agent to which Agent shall have access for the processing of
such items in accordance with the provisions, terms and conditions of the customary lockbox agreement of Agent. 
 (d) Agent, or Agent’s
designated agent, is hereby constituted and appointed attorney-in-fact for Borrower with authority and power to endorse, after the occurrence and during the continuance of an Event of Default, any and all instruments, documents, and chattel paper
upon the failure of Borrower to do so. Such authority and power, being coupled with an interest, shall be (i) irrevocable until all of the Secured Obligations (other than inchoate indemnity obligations) are paid, (ii) exercisable by Agent
at any time and without any request upon Borrower by Agent to so endorse, and (iii) exercisable in the name of Agent or Borrower. Borrower hereby waives presentment, demand, notice of dishonor, protest, notice of protest, and any and all other
similar notices with respect thereto, regardless of the form of any endorsement thereof. Neither Agent nor the Lenders shall be bound or obligated to take any action to preserve any rights therein against prior parties thereto. 
 Section 7.3. Collections and Receipt of Proceeds by Agent. Borrower hereby constitutes and appoints Agent, or Agent’s designated agent,
as Borrower’s attorney-in-fact to exercise, at any time, after the occurrence and during the continuance of an Event of Default, all or any of the following powers which, being coupled with an interest, shall be irrevocable until the complete
and full payment of all of the Secured Obligations (other than inchoate indemnity obligations): 
 (a) to receive, retain, acquire, take,
endorse, assign, deliver, accept, and deposit, in the name of Agent or Borrower, any and all of Borrower’s cash, instruments, chattel paper, documents, Proceeds of Accounts, Proceeds of Inventory, collection of Accounts, and any other writings
relating to any of the Collateral. To the extent not prohibited by law, Borrower hereby waives presentment, demand, notice of dishonor, protest, notice of protest, and any and all other similar notices with respect thereto, regardless of the form of
any endorsement thereof. Agent shall not be bound or obligated to take any action to preserve any rights therein against prior parties thereto; 
  

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 (b) to transmit to Account Debtors, on any or all of Borrower’s Accounts, notice of assignment to
Agent, for the benefit of the Lenders, security interest therein, and to request from such Account Debtors at any time, in the name of Agent or Borrower, information concerning Borrower’s Accounts and the amounts owing thereon; 
 (c) to transmit to purchasers of any or all of Borrower’s Inventory, notice of Agent’s security interest therein, and to request from such
purchasers at any time, in the name of Agent or Borrower, information concerning Borrower’s Inventory and the amounts owing thereon by such purchasers; 
 (d) to notify and require Account Debtors on Borrower’s Accounts and purchasers of Borrower’s Inventory to make payment of their indebtedness directly to Agent; 
 (e) to enter into or assent to such amendment, compromise, extension, release or other modification of any kind of, or substitution for, the Accounts, or
any thereof, as Agent, in its sole discretion, may deem to be advisable; 
 (f) to enforce the Accounts or any thereof, or any other
Collateral, by suit or otherwise, to maintain any such suit or other proceeding in the name of Agent or Borrower, and to withdraw any such suit or other proceeding. Borrower agrees to lend every assistance requested by Agent in respect of the
foregoing, all at no cost or expense to Agent and including, without limitation, the furnishing of such witnesses and of such records and other writings as Agent may require in connection with making legal proof of any Account. Borrower agrees to
reimburse Agent in full for all court costs and attorneys’ fees and every other cost, expense or liability, if any, incurred or paid by Agent in connection with the foregoing, which obligation of Borrower shall constitute Obligations, shall be
secured by the Collateral and shall bear interest, until paid, at the Default Rate; 
 (g) to take or bring, in the name of Agent or
Borrower, all steps, actions, suits, or proceedings deemed by Agent necessary or desirable to effect the receipt, enforcement, and collection of the Collateral; and 
 (h) to accept all collections in any form relating to the Collateral, including remittances that may reflect deductions, and to deposit the same, into Borrower’s Cash Collateral Account or, at the option of
Agent, to apply them as a payment against the Loans or any other Obligations in accordance with this Agreement. 
 Section 7.4.
Agent’s Authority Under Pledged Notes. For the better protection of Agent and the Lenders hereunder, Borrower has executed (or will execute, with respect to future Pledged Notes) an appropriate endorsement on (or separate from) each
Pledged Note and has deposited (or will deposit, with respect to future Pledged Notes) such Pledged Note with Agent, for the benefit of the Lenders. Borrower irrevocably authorizes and empowers Agent, for the benefit of the Lenders, during the
occurrence and continuation of an Event of Default, to (a) ask for, demand, collect and receive all payments of principal of and interest on the Pledged Notes; (b) compromise and settle any dispute arising in respect of the foregoing;
(c) execute and deliver vouchers, receipts and acquittances in full discharge of the foregoing; (d) exercise, in Agent’s 

  

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discretion, any right, power or privilege granted to the holder of any Pledged Note by the provisions thereof including, without limitation, the right to
demand security or to waive any default thereunder; (e) endorse Borrower’s name to each check or other writing received by Agent as a payment or other proceeds of or otherwise in connection with any Pledged Note; (f) enforce delivery
and payment of the principal and/or interest on the Pledged Notes, in each case by suit or otherwise as Agent may desire; and (g) enforce the security, if any, for the Pledged Notes by instituting foreclosure proceedings, by conducting public
or other sales or otherwise, and to take all other steps as Agent, in its discretion, may deem advisable in connection with the forgoing; provided, however, that nothing contained or implied herein or elsewhere shall obligate Agent to institute any
action, suit or proceeding or to make or do any other act or thing contemplated by this Section 7.4 or prohibit Agent from settling, withdrawing or dismissing any action, suit or proceeding or require Agent to preserve any other right of any
kind in respect of the Pledged Notes and the security, if any, therefor. 
 Section 7.5. Use of Inventory and Equipment. Until
the exercise by Agent and the Required Lenders of their rights under Article IX hereof, Borrower may (a) retain possession of and use its Inventory and Equipment in any lawful manner not inconsistent with this Agreement or with the terms,
conditions, or provisions of any policy of insurance thereon; (b) sell or lease its Inventory in the ordinary course of business or as otherwise permitted by this Agreement; and (c) use and consume any raw materials or supplies, the use
and consumption of which are necessary in order to carry on Borrower’s business. 
 ARTICLE VIII. EVENTS OF DEFAULT 
 Each of the following shall constitute an Event of Default hereunder: 
 Section 8.1. Payments. If (a) the interest on any Loan, any commitment or other fee, or any other Obligation not listed in subpart (b) hereof, shall not be paid in full when due and payable or
within five days thereafter, or (b) the principal of any Loan or any obligation under any Letter of Credit shall not be paid in full when due and payable. 
 Section 8.2. Special Covenants. If any Company shall fail or omit to perform and observe Section 5.7, 5.8, 5.9, 5.11, 5.12, 5.13, 5.15, 5.20 or 5.24 hereof. 
 Section 8.3. Other Covenants. If any Company shall fail or omit to perform and observe any agreement or other provision (other than those
referred to in Section 8.1 or 8.2 hereof) contained or referred to in this Agreement or any Related Writing that is on such Company’s part to be complied with, and that Default shall not have been fully corrected within thirty
(30) days after the earlier of (a) any Financial Officer of such Company becomes aware of the occurrence thereof, or (b) the giving of written notice thereof to Borrower by Agent or the Required Lenders that the specified Default is
to be remedied. 
 Section 8.4. Representations and Warranties. If any representation, warranty or statement made in or pursuant
to this Agreement or any Related Writing, shall be false or erroneous in any material respect when made or deemed to have been made. 
  

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 Section 8.5. Cross Default. 
 (a) If any Company shall default in the payment of principal or interest due and owing under any Material Indebtedness Agreement beyond any period of
grace provided with respect thereto or in the performance or observance of any other agreement, term or condition contained in any agreement under which such obligation is created, if the effect of such default is to allow the acceleration of the
maturity of such Indebtedness or to permit the holder thereof to cause such Indebtedness to become due prior to its stated maturity. 
 (b)
If an “event of default”, or similar term under any Subordinated Debt Document, (other than defaults that have been cured within applicable grace periods or have otherwise been waived) shall occur under any Subordinated Debt Document.

 Section 8.6. ERISA Default. The occurrence of one or more ERISA Events that (a) the Required Lenders determine could have
a Material Adverse Effect (provided that such ERISA Event, when aggregated with all such other ERISA Events, could reasonably be expected to result in liabilities of the Companies in excess of Three Million Dollars ($3,000,000) in the aggregate), or
(b) results in a Lien on any of the assets of any Company, to the extent that the aggregate of all such Liens for all Companies exceeds One Million Dollars ($1,000,000). 
 Section 8.7. Change in Control. If any Change in Control shall occur. 
 Section 8.8. Judgments. There is entered against any Company (a) a final judgment or order for the payment of money by a court of
competent jurisdiction, that remains unpaid or unstayed and undischarged for a period (during which execution shall not be effectively stayed) of sixty (60) days after the date on which the right to appeal has expired, provided that the
aggregate of all such judgments for all such Companies, shall exceed Five Million Dollars ($5,000,000) (less any amount that will be covered by the proceeds of insurance and is not subject to dispute by the insurance provider); or (b) any one
or more non-monetary final judgments that are not covered by insurance (and for which the insurance company has acknowledged coverage) and that the Required Lenders reasonably determine have, or could be expected to have, individually or in the
aggregate, a Material Adverse Effect and, in either case, (i) enforcement proceedings are commenced by the prevailing party or any creditor upon such judgment or order, or (ii) there is a period of ten consecutive Business Days during
which a stay of enforcement of such judgment, by reason of a pending appeal or otherwise, is not in effect. 
 Section 8.9.
Security. If any Lien granted in this Agreement or any other Loan Document in favor of Agent, for the benefit of the Lenders, shall be determined to be (a) void, voidable or invalid, or is subordinated or not otherwise given the priority
contemplated by this Agreement and Borrower (or the appropriate Credit Party) has failed to promptly execute appropriate documents to correct such matters, or (b) unperfected as to any material amount of Collateral (as determined by Agent, in
its reasonable discretion) and Borrower (or the appropriate Credit Party) has failed to promptly execute appropriate documents to correct such matters. 
  

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 Section 8.10. Validity of Loan Documents. If (a) any material provision of any Loan
Document shall at any time cease to be valid, binding and enforceable against any Credit Party; (b) the validity, binding effect or enforceability of any Loan Document against any Credit Party shall be contested by any Credit Party;
(c) any Credit Party shall deny that it has any or further liability or obligation under any Loan Document; or (d) any Loan Document shall be terminated, invalidated or set aside, or be declared ineffective or inoperative or in any way
cease to give or provide to Agent and the Lenders the benefits purported to be created thereby. 
 Section 8.11. Solvency. If any
Company (other than a Dormant Subsidiary) shall (a) except as permitted pursuant to Section 5.12 hereof, discontinue business, (b) generally not pay its debts as such debts become due, (c) make a general assignment for the
benefit of creditors, (d) apply for or consent to the appointment of an interim receiver, a receiver, a receiver and manager, an administrator, sequestrator, monitor, a custodian, a trustee, an interim trustee or liquidator of all or a
substantial part of its assets or of such Company, (e) be adjudicated a debtor or insolvent or have entered against it an order for relief under Title 11 of the United States Code, or under any other bankruptcy insolvency, liquidation,
winding-up, corporate or similar statute or law, foreign, federal state or provincial, in any applicable jurisdiction, now or hereafter existing, as any of the foregoing may be amended from time to time, or other applicable statute for jurisdictions
outside of the United States, as the case may be, (f) file a voluntary petition in bankruptcy, or file a proposal or notice of intention to file a proposal or have an involuntary proceeding filed against it and the same shall continue
undismissed for a period of sixty (60) days from commencement of such proceeding or case, or file a petition, an answer, or an application or a proposal seeking reorganization or an arrangement with creditors or seeking to take advantage of any
other law (whether federal, provincial or state, or, if applicable, other jurisdiction) relating to relief of debtors, or admit (by answer, by default or otherwise) the material allegations of a petition filed against it in any bankruptcy,
reorganization, insolvency or other proceeding (whether federal, provincial or state, or, if applicable, other jurisdiction) relating to relief of debtors, (g) suffer or permit to continue unstayed and in effect for sixty (60) consecutive
days any judgment, decree or order entered by a court of competent jurisdiction, that approves a petition or an application or a proposal seeking its reorganization or appoints an interim receiver, a receiver and manager, an administrator,
custodian, trustee, interim trustee or liquidator of all or a substantial part of its assets, or of such Company, (h) have an administrative receiver appointed over the whole or substantially the whole of its assets, or of such Company,
(i) take, or omit to take, any action in order thereby to effect any of the foregoing, (j) have assets, the value of which is less than its liabilities (taking into account prospective and contingent liabilities), or (k) have a
moratorium declared in respect of any of its Indebtedness, or any analogous procedure or step is taken in any jurisdiction. 
 ARTICLE IX.
REMEDIES UPON DEFAULT 
 Notwithstanding any contrary provision or inference herein or elsewhere: 
 Section 9.1. Optional Defaults. If any Event of Default referred to in Section 8.1, 8.2, 8.3, 8.4, 8.5, 8.6, 8.7, 8.8, 8.9 or 8.10 hereof
shall occur, Agent may, with the consent of the Required Lenders, and shall, at the written request of the Required Lenders, give written notice to Borrower to: 
 (a) terminate the Commitment, if not previously terminated, and, immediately upon such election, the obligations of the Lenders, and each thereof, to make any further Loan, and the obligation of the Fronting Lender to
issue any Letter of Credit, immediately shall be terminated; and/or 
  

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 (b) accelerate the maturity of all of the Obligations (if the Obligations are not already due and
payable), whereupon all of the Obligations shall become and thereafter be immediately due and payable in full without any presentment or demand and without any further or other notice of any kind, all of which are hereby waived by Borrower.

 Section 9.2. Automatic Defaults. If any Event of Default referred to in Section 8.11 hereof shall occur: 
 (a) all of the Commitment shall automatically and immediately terminate, if not previously terminated, and no Lender thereafter shall be under any
obligation to grant any further Loan, nor shall the Fronting Lender be obligated to issue any Letter of Credit; and 
 (b) the principal of
and interest then outstanding on all of the Loans, and all of the other Obligations, shall thereupon become and thereafter be immediately due and payable in full (if the Obligations are not already due and payable), all without any presentment,
demand or notice of any kind, which are hereby waived by Borrower. 
 Section 9.3. Letters of Credit. If the maturity of the
Obligations shall be accelerated pursuant to Section 9.1 or 9.2 hereof, Borrower shall immediately deposit with Agent, as security for the obligations of Borrower and any Guarantor of Payment to reimburse Agent and the Revolving Lenders for any
then outstanding Letters of Credit, cash equal to the sum of the aggregate undrawn balance of any then outstanding Letters of Credit. Agent and the Lenders are hereby authorized, at their option, to deduct any and all such amounts from any deposit
balances then owing by any Lender (or any affiliate of such Lender, wherever located) to or for the credit or account of any Company, as security for the obligations of Borrower and any Guarantor of Payment to reimburse Agent and the Revolving
Lenders for any then outstanding Letters of Credit. 
 Section 9.4. Offsets. If there shall occur or exist any Event of Default
referred to in Section 8.11 hereof or if the maturity of the Obligations is accelerated pursuant to Section 9.1 or 9.2 hereof, each Lender shall have the right at any time to set off against, and to appropriate and apply toward the payment
of, any and all of the Obligations then owing by Borrower or a Guarantor of Payment to such Lender (including, without limitation, any participation purchased or to be purchased pursuant to Sections 2.2(b), 2.2(c) or 9.5 hereof), whether or not the
same shall then have matured, any and all deposit (general or special) balances and all other Indebtedness then held or owing by such Lender (including, without limitation, by branches and agencies or any affiliate of such Lender, wherever located)
to or for the credit or account of Borrower or any Guarantor of Payment, all without notice to or demand upon Borrower or any other Person, all such notices and demands being hereby expressly waived by Borrower. 
  

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 Section 9.5. Equalization Provisions. 
 (a) Equalization Within Commitments Prior to an Equalization Event. Each Revolving Lender agrees with the other Revolving Lenders that, if it at
any time shall obtain any Advantage over the other Revolving Lenders, or any thereof, in respect of the Applicable Debt (except as to Swing Loans and Letters of Credit prior to Agent’s giving of notice to participate and amounts under Article
III hereof), such Revolving Lender shall purchase from the other Revolving Lenders, for cash and at par, such additional participation in the Applicable Debt as shall be necessary to nullify the Advantage. Each Term Lender agrees with the other Term
Lenders that, if it at any time shall obtain any Advantage over the other Term Lenders, or any thereof, in respect of the Applicable Debt (except as to amounts under Article III hereof), such Term Lender shall purchase from the other Term Lenders,
for cash and at par, such additional participation in the Applicable Debt as shall be necessary to nullify the Advantage. 
 (b)
Equalization Between Commitments After an Equalization Event. After the occurrence of an Equalization Event, each Lender agrees with the other Lenders that, if such Lender at any time shall obtain any Advantage over the other Lenders or any
thereof determined in respect of the Obligations (including Swing Loans and Letters of Credit but excluding amounts under Article III hereof) then outstanding, such Lender shall purchase from the other Lenders, for cash and at par, such additional
participation in the Obligations as shall be necessary to nullify the Advantage in respect of the Obligations. For purposes of determining whether or not, after the occurrence of an Equalization Event, an Advantage in respect of the Obligations
shall exist, Agent shall, as of the date that the Equalization Event occurs: 
 (i) add the Revolving Credit Exposure and the
Term Loan Exposure to determine the equalization maximum amount (the “Equalization Maximum Amount”); and 
 (ii)
determine an equalization percentage (the “Equalization Percentage”) for each Lender by dividing the aggregate amount of its Lender Credit Exposure by the Equalization Maximum Amount. 
 After the date of an Equalization Event, Agent shall determine whether an Advantage exists among the Lenders by using the Equalization Percentage. Such determination
shall be conclusive absent manifest error. 
 (c) Recovery of Amount. If any such Advantage resulting in the purchase of an additional
participation as set forth in subsection (a) or (b) above shall be recovered in whole or in part from the Lender receiving the Advantage, each such purchase shall be rescinded, and the purchase price restored (but without interest unless
the Lender receiving the Advantage is required to pay interest on the Advantage to the Person recovering the Advantage from such Lender) ratably to the extent of the recovery. 
  

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 (d) Application and Sharing of Set-Off Amounts. Each Lender further agrees with the other Lenders
that, if it at any time shall receive any payment for or on behalf of Borrower on any Indebtedness owing by Borrower to that Lender (whether by voluntary payment, by realization upon security, by reason of offset of any deposit or other
Indebtedness, by counterclaim or cross action, by enforcement of any right under any Loan Document, or otherwise), it shall apply such payment first to any and all Indebtedness owing by Borrower to that Lender pursuant to this Agreement (including,
without limitation, any participation purchased or to be purchased pursuant to this Section 9.5 or any other Section of this Agreement). Each Credit Party agrees that any Lender so purchasing a participation from the other Lenders, or any
thereof, pursuant to this Section 9.5 may exercise all of its rights of payment (including the right of set-off) with respect to such participation as fully as if such Lender were a direct creditor of such Credit Party in the amount of such
participation. 
 Section 9.6. Collateral. Agent and the Lenders shall at all times have the rights and remedies of a secured
party under the U.C.C., in addition to the rights and remedies of a secured party provided elsewhere within this Agreement, in any other Related Writing executed by Borrower or otherwise provided in law or equity. Upon the occurrence and during the
continuance of an Event of Default and at all times thereafter, Agent may require Borrower to assemble the Collateral, which Borrower agrees to do, and make it available to Agent and the Lenders at a reasonably convenient place to be designated by
Agent. Agent may, with or without notice to or demand upon Borrower and with or without the aid of legal process, make use of such force as may be necessary to enter any premises where the Collateral, or any thereof, may be found and to take
possession thereof (including anything found in or on the Collateral that is not specifically described in this Agreement, each of which findings shall be considered to be an accession to and a part of the Collateral) and for that purpose may pursue
the Collateral wherever the same may be found, without liability for trespass or damage caused thereby to Borrower. After any delivery or taking of possession of the Collateral, or any thereof, pursuant to this Agreement, then, with or without
resort to Borrower personally or any other Person or property, all of which Borrower hereby waives, and upon such terms and in such manner as Agent may deem advisable, Agent, in its discretion, may sell, assign, transfer and deliver any of the
Collateral at any time, or from time to time. No prior notice need be given to Borrower or to any other Person in the case of any sale of Collateral that Agent determines to be perishable or to be declining speedily in value or that is customarily
sold in any recognized market, but in any other case Agent shall give Borrower not fewer than ten days prior notice of either the time and place of any public sale of the Collateral or of the time after which any private sale or other intended
disposition thereof is to be made. Borrower waives advertisement of any such sale and (except to the extent specifically required by the preceding sentence) waives notice of any kind in respect of any such sale. At any such public sale, Agent or the
Lenders may purchase the Collateral, or any part thereof, free from any right of redemption, all of which rights Borrower hereby waives and releases. After deducting all Related Expenses, and after paying all claims, if any, secured by Liens having
precedence over this Agreement, Agent may apply the net proceeds of each such sale to or toward the payment of the Obligations, whether or not then due, in such order and by such division as Agent, in its sole discretion, may deem advisable. Any
excess, to the extent permitted by law, shall be paid to Borrower, and Borrower shall remain liable for any deficiency. In addition, Agent shall at all times have the right to obtain new appraisals of Borrower or the Collateral, the cost of which
shall be paid by Borrower. 
  

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 Section 9.7. Other Remedies. The remedies in this Article IX are in addition to, not in
limitation of, any other right, power, privilege, or remedy, either in law, in equity, or otherwise, to which the Lenders may be entitled. Agent shall exercise the rights under this Article IX and all other collection efforts on behalf of the
Lenders and no Lender shall act independently with respect thereto, except as otherwise specifically set forth in this Agreement. 
 Section 9.8. Application of Proceeds. 
 (a) Payments Prior to Exercise of Remedies. Prior to the exercise by
Agent on behalf of the Lenders of remedies under this Agreement or the other Loan Documents, all monies received by Agent shall be applied, unless otherwise required by the terms of the other Loan Documents or by applicable law, as follows (provided
that Agent shall have the right at all times to apply any payment received from Borrower first to the payment of all obligations (to the extent not paid by Borrower) incurred by Agent pursuant to Section 11.5 hereof and to the payment of
Related Expenses): 
 (i) with respect to payments received in connection with the Revolving Credit Commitment, to the
Revolving Lenders; and 
 (ii) with respect to payments received in connection with the Term Loan Commitment, to the Term
Lenders. 
 (b) Payments Subsequent to Exercise of Remedies. After the exercise by Agent or the Required Lenders of remedies under
this Agreement or the other Loan Documents, all monies received by Agent shall be applied, unless otherwise required by the terms of the other Loan Documents or by applicable law, as follows: 
 (i) first, to the payment of all obligations (to the extent not paid by Borrower) incurred by Agent pursuant to Section 11.5 hereof
and to the payment of Related Expenses; 
 (ii) second, to the payment pro rata of (A) interest then accrued and payable
on the outstanding Loans, (B) any fees then accrued and payable to Agent, and (C) any fees then accrued and payable to any Fronting Lender or the holders of the Letter of Credit Commitment in respect of the Letter of Credit Exposure;

 (iii) third, (A) to the Lenders, on a pro rata basis, based upon each such Lender’s Overall Commitment
Percentage; provided that the amounts payable in respect of the Letter of Credit Exposure shall be held and applied by Agent as security for the reimbursement obligations in respect thereof, and, if any Letter of Credit shall expire without being
drawn, then the amount with respect to such Letter of Credit shall be distributed to the Lenders, on a pro rata basis in accordance with this subsection (iii), (B) the Indebtedness under any Hedge Agreement with a Lender, such amount to be
based upon the net termination obligation of Borrower under such Hedge Agreement, and (C) to the Bank Product Obligations owing to Lenders under Bank Product Agreements; with such payment to be pro rata among (A), (B) and (C) hereof;
and 
  

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 (iv) finally, any remaining surplus after all of the Secured Obligations have been paid
in full, to Borrower or to whomsoever shall be lawfully entitled thereto. 
 ARTICLE X. THE AGENT 
 The Lenders authorize KeyBank and KeyBank hereby agrees to act as agent for the Lenders in respect of this Agreement upon the terms and conditions set
forth elsewhere in this Agreement, and upon the following terms and conditions: 
 Section 10.1. Appointment and Authorization.
Each Lender hereby irrevocably appoints and authorizes Agent to take such action as agent on its behalf and to exercise such powers hereunder as are delegated to Agent by the terms hereof, together with such powers as are reasonably incidental
thereto. Neither Agent nor any of its affiliates, directors, officers, attorneys or employees shall (a) be liable for any action taken or omitted to be taken by it or them hereunder or in connection herewith, except for its or their own gross
negligence or willful misconduct (as determined by a court of competent jurisdiction), or be responsible in any manner to any of the Lenders for the effectiveness, enforceability, genuineness, validity or due execution of this Agreement or any other
Loan Documents, (b) be under any obligation to any Lender to ascertain or to inquire as to the performance or observance of any of the terms, covenants or conditions hereof or thereof on the part of Borrower or any other Company, or the
financial condition of Borrower or any other Company, or (c) be liable to any of the Companies for consequential damages resulting from any breach of contract, tort or other wrong in connection with the negotiation, documentation,
administration or collection of the Loans or Letters of Credit or any of the Loan Documents. Notwithstanding any provision to the contrary contained in this Agreement or in any other Loan Document, Agent shall not have any duty or responsibility
except those expressly set forth herein, nor shall Agent have or be deemed to have any fiduciary relationship with any Lender or participant, and no implied covenants, functions, responsibilities, duties, obligations or liabilities shall be read
into this Agreement or any other Loan Document or otherwise exist against Agent. Without limiting the generality of the foregoing sentence, the use of the term “agent” herein and in other Loan Documents with reference to Agent is not
intended to connote any fiduciary or other implied (or express) obligations arising under agency doctrine of any applicable law. Instead, such term is used merely as a matter of market custom, and is intended to create or reflect only an
administrative relationship between independent contracting parties. 
 Section 10.2. Note Holders. Agent may treat the payee of
any Note as the holder thereof (or, if there is no Note, the holder of the interest as reflected on the books and records of Agent) until written notice of transfer shall have been filed with Agent, signed by such payee and in form satisfactory to
Agent. 
  

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 Section 10.3. Consultation With Counsel. Agent may consult with legal counsel selected by
Agent and shall not be liable to the Lenders for any action taken or suffered in good faith by Agent in accordance with the opinion of such counsel. 
 Section 10.4. Documents. Agent shall not be under any duty to examine into or pass upon the validity, effectiveness, genuineness or value of any Loan Document or any other Related Writing furnished
pursuant hereto or in connection herewith or the value of any collateral obtained hereunder, and Agent shall be entitled to assume that the same are valid, effective and genuine and what they purport to be. 
 Section 10.5. Agent and Affiliates. KeyBank and its affiliates may make loans to, issue letters of credit for the account of, accept deposits
from, acquire equity interests in and generally engage in any kind of banking, trust, financial advisory, underwriting or other business with the Companies and Affiliates as though KeyBank were not Agent hereunder and without notice to or consent of
any Lender. Each Lender acknowledges that, pursuant to such activities, KeyBank or its affiliates may receive information regarding any Company or any Affiliate (including information that may be subject to confidentiality obligations in favor of
such Company or such Affiliate) and acknowledge that Agent shall be under no obligation to provide such information to other Lenders. With respect to Loans and Letters of Credit (if any), KeyBank and its affiliates shall have the same rights and
powers under this Agreement as any other Lender and may exercise the same as though KeyBank were not Agent, and the terms “Lender” and “Lenders” include KeyBank and its affiliates, to the extent applicable, in their individual
capacities. 
 Section 10.6. Knowledge of Default. Agent shall not be deemed to have knowledge or notice of the occurrence of any
Default or Event of Default unless Agent has received notice from a Lender or Borrower referring to this Agreement, describing such Default or Event of Default and stating that such notice is a “notice of default”. In the event that Agent
receives such a notice, Agent shall promptly give notice thereof to the Lenders. Agent shall take such action with respect to such Default or Event of Default as shall be reasonably directed by the Required Lenders (or, if so specified by this
Agreement, all Lenders); provided that, unless and until Agent shall have received such directions, Agent may (but shall not be obligated to) take such action, or refrain from taking such action, with respect to such Default or Event of Default as
it shall deem advisable, in its discretion, for the protection of the interests of the holders of the Obligations. 
 Section 10.7.
Action by Agent. Subject to the other terms and conditions hereof, so long as Agent shall be entitled, pursuant to Section 10.6 hereof, to assume that no Default or Event of Default shall have occurred and be continuing, Agent shall be
entitled to use its discretion with respect to exercising or refraining from exercising any rights that may be vested in it by, or with respect to taking or refraining from taking any action or actions that it may be able to take under or in respect
of, this Agreement. Agent shall incur no liability to the Lenders under or in respect of this Agreement by acting upon any notice, 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, or with respect to anything that it may do or refrain from doing in the reasonable exercise of its judgment, or that may seem to it to be necessary or desirable in the premises. Without limiting the foregoing, no Lender
shall have any right of action whatsoever against Agent as a result of Agent’s acting or refraining from acting hereunder in accordance with the instructions of the Required Lenders. 
  

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 Section 10.8. Release of Collateral or Guarantor of Payment. In the event of a transfer of
assets permitted by Section 5.12 hereof (or otherwise permitted pursuant to this Agreement) where the proceeds of such transfer are applied in accordance with the terms of this Agreement to the extent required to be so applied, Agent, at the
request and expense of Borrower, is hereby authorized by the Lenders to (a) release such Collateral from this Agreement, (b) release a Guarantor of Payment in connection with such permitted transfer, and (c) duly assign, transfer and
deliver to the affected Company (without recourse and without any representation or warranty) such Collateral as is then (or has been) so transferred or released and as may be in possession of Agent and has not theretofore been released pursuant to
this Agreement. 
 Section 10.9. Delegation of Duties. Agent may execute any of its duties under this Agreement or any other Loan
Document by or through agents, employees or attorneys-in-fact and shall be entitled to advice of counsel and other consultants or experts concerning all matters pertaining to such duties. Agent shall not be responsible for the negligence or
misconduct of any agent or attorney-in-fact that it selects in the absence of gross negligence or willful misconduct, as determined by a court of competent jurisdiction. 
 Section 10.10. Indemnification of Agent. The Lenders agree to indemnify Agent (to the extent not reimbursed by Borrower) ratably, according to their respective Overall Commitment Percentages, from and
against any and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses (including reasonable attorneys’ fees and expenses) or disbursements of any kind or nature whatsoever that may be imposed on,
incurred by or asserted against Agent in its capacity as agent in any way relating to or arising out of this Agreement or any Loan Document or any action taken or omitted by Agent with respect to this Agreement or any Loan Document, provided that no
Lender shall be liable for any portion of such liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses (including attorneys’ fees and expenses) or disbursements resulting from Agent’s gross
negligence or willful misconduct as determined by a court of competent jurisdiction, or from any action taken or omitted by Agent in any capacity other than as agent under this Agreement or any other Loan Document. No action taken in accordance with
the directions of the Required Lenders shall be deemed to constitute gross negligence or willful misconduct for purposes of this Section 10.10. The undertaking in this Section 10.10 shall survive repayment of the Loans, cancellation of the
Notes, if any, expiration or termination of the Letters of Credit, termination of the Commitment, any foreclosure under, or modification, release or discharge of, any or all of the Loan Documents, termination of this Agreement and the resignation or
replacement of the agent. 
 Section 10.11. Successor Agent. Agent may resign as agent hereunder by giving not fewer than thirty
(30) days prior written notice to Borrower and the Lenders. If Agent shall resign under this Agreement, then either (a) the Required Lenders shall appoint from among the Lenders a successor agent for the Lenders (with the consent of
Borrower so long as an Event of Default has not occurred and which consent shall not be unreasonably withheld), or (b) if a successor agent shall not be so appointed and approved within the thirty (30) day period following Agent’s
notice to the Lenders of its resignation, then Agent shall appoint a successor 

  

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agent that shall serve as agent until such time as the Required Lenders appoint a successor agent. If no successor agent has accepted appointment as Agent by
the date that is thirty (30) days following a retiring Agent’s notice of resignation, the retiring Agent’s resignation shall nevertheless thereupon become effective, and the Lenders shall assume and perform all of the duties of Agent
hereunder until such time, if any, as the Required Lenders appoint a successor agent as provided for above. Upon its appointment, such successor agent shall succeed to the rights, powers and duties as agent, and the term “Agent” means such
successor effective upon its appointment, and the former agent’s rights, powers and duties as agent shall be terminated without any other or further act or deed on the part of such former agent or any of the parties to this Agreement. After any
retiring Agent’s resignation as Agent, the provisions of this Article X shall inure to its benefit as to any actions taken or omitted to be taken by it while it was Agent under this Agreement and the other Loan Documents. 
 Section 10.12. Fronting Lender. The Fronting Lender shall act on behalf of the Lenders with respect to any Letters of Credit issued by the
Fronting Lender and the documents associated therewith. The Fronting Lender shall have all of the benefits and immunities (a) provided to Agent in Article IX hereof with respect to any acts taken or omissions suffered by the Fronting Lender in
connection with the Letters of Credit and the applications and agreements for letters of credit pertaining to such Letters of Credit as fully as if the term “Agent”, as used in Article IX hereof, included the Fronting Lender with respect
to such acts or omissions, and (b) as additionally provided in this Agreement with respect to the Fronting Lender. 
 Section 10.13. Swing Line Lender. The Swing Line Lender shall act on behalf of the Lenders with respect to any Swing Loans. The Swing Line Lender shall have all of the benefits and immunities (a) provided to Agent in
Article X hereof with respect to any acts taken or omissions suffered by the Swing Line Lender in connection with the Swing Loans as fully as if the term “Agent”, as used in Article X hereof, included the Swing Line Lender with respect to
such acts or omissions, and (b) as additionally provided in this Agreement with respect to the Swing Line Lender. 
 Section 10.14.
Agent May File Proofs of Claim. In case of the pendency of any receivership, insolvency, liquidation, bankruptcy, reorganization, arrangement, adjustment, composition or other judicial proceeding relative to any Credit Party, (a) Agent
(irrespective of whether the principal of any Loan shall then be due and payable as herein expressed or by declaration or otherwise and irrespective of whether Agent shall have made any demand on Borrower) shall be entitled and empowered, by
intervention in such proceeding or otherwise, to (i) file and prove a claim for the whole amount of the principal and interest owing and unpaid in respect of the Loans, and all other Obligations that are owing and unpaid and to file such other
documents as may be necessary or advisable in order to have the claims of the Lenders and Agent (including any claim for the reasonable compensation, expenses, disbursements and advances of the Lenders and Agent and their respective agents and
counsel and all other amounts due the Lenders and Agent) allowed in such judicial proceedings, and (ii) collect and receive any monies or other property payable or deliverable on any such claims and to distribute the same; and (b) any
custodian, receiver, assignee, trustee, liquidator, sequestrator or other similar official in any such judicial proceeding is hereby authorized by each Lender to make such payments to Agent and, in the event that Agent shall consent to the making of
such payments directly to the 

  

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Lenders, to pay to Agent any amount due for the reasonable compensation, expenses, disbursements and advances of Agent and its agents and counsel, and any
other amounts due Agent. Nothing contained herein shall be deemed to authorize Agent to authorize or consent to or accept or adopt on behalf of any Lender any plan of reorganization, arrangement, adjustment or composition affecting the Obligations
or the rights of any Lender or to authorize Agent to vote in respect of the claim of any Lender in any such proceeding. 
 Section 10.15. No Reliance on Agent’s Customer Identification Program. Each Lender acknowledges and agrees that neither such Lender, nor any of its affiliates, participants or assignees, may rely on Agent to carry out such
Lender’s or its affiliate’s, participant’s or assignee’s customer identification program, or other obligations required or imposed under or pursuant to the Patriot Act or the regulations thereunder, including the regulations
contained in 31 CFR 103.121 (as hereafter amended or replaced, the “CIP Regulations”), or any other anti-terrorism law, including any programs involving any of the following items relating to or in connection with Borrower, its Affiliates
or agents, the Loan Documents or the transactions hereunder: (a) any identity verification procedures, (b) any record keeping, (c) any comparisons with government lists, (d) any customer notices or (e) any other procedures
required under the CIP Regulations or such other laws. 
 Section 10.16. Other Agents. Agent shall have the continuing right from
time to time to designate one or more Lenders (or its or their affiliates as “syndication agent”, “documentation agent”, “book runner”, “lead arranger”, “arrangers” or other designations for purposes
hereof, but (a) any such designation shall have no substantive effect, and (b) any such Lender and its affiliates shall have no additional powers, duties or responsibilities as a result thereof. 
 ARTICLE XI. MISCELLANEOUS 
 Section 11.1. Lenders’ Independent Investigation. Each Lender, by its signature to this Agreement, acknowledges and agrees that Agent has made no representation or warranty, express or implied, with respect to the
creditworthiness, financial condition, or any other condition of any Company or with respect to the statements contained in any information memorandum furnished in connection herewith or in any other oral or written communication between Agent and
such Lender. Each Lender represents that it has made and shall continue to make its own independent investigation of the creditworthiness, financial condition and affairs of the Companies in connection with the extension of credit hereunder, and
agrees that Agent has no duty or responsibility, either initially or on a continuing basis, to provide any Lender with any credit or other information with respect thereto (other than such notices as may be expressly required to be given by Agent to
the Lenders hereunder), whether coming into its possession before the first Credit Event hereunder or at any time or times thereafter. Each Lender further represents that it has reviewed each of the Loan Documents. 
 Section 11.2. No Waiver; Cumulative Remedies. No omission or course of dealing on the part of Agent, any Lender or the holder of any Note
(or, if there is no Note, the holder of the interest as reflected on the books and records of Agent) in exercising any right, power or remedy hereunder or under any of the Loan Documents shall operate as a waiver thereof; nor shall any 

  

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single or partial exercise of any such right, power or remedy preclude any other or further exercise thereof or the exercise of any other right, power or
remedy hereunder or under any of the Loan Documents. The remedies herein provided are cumulative and in addition to any other rights, powers or privileges held under any of the Loan Documents or by operation of law, by contract or otherwise.

 Section 11.3. Amendments, Waivers and Consents. 
 (a) General Rule. No amendment, modification, termination, or waiver of any provision of any Loan Document nor consent to any variance therefrom, shall be effective unless the same shall be in writing and
signed by Borrower and the Required Lenders and then such waiver or consent shall be effective only in the specific instance and for the specific purpose for which given. 
 (b) Exceptions to the General Rule. Notwithstanding the provisions of subsection (a) of this Section 11.3: 
 (i) Subject to subparts (ii) and (iii) below, unanimous consent of the Lenders shall be required with respect to (A) any increase in the Commitment hereunder, (B) the extension of maturity of the
Loans, the payment date of interest or scheduled principal thereunder, or the payment date of commitment or other fees payable hereunder, (C) any reduction in the stated rate of interest on the Loans (provided that the institution of the
Default Rate and a subsequent removal of the Default Rate shall not constitute a decrease in interest rate pursuant to this Section 11.3), or in any amount of interest or scheduled principal due on any Loan, or any reduction in the stated rate
of commitment fees payable hereunder or any change in the manner of pro rata application of any payments made by Borrower to the Lenders hereunder, (D) any change in any percentage voting requirement, voting rights, or the Required Lenders
definition in this Agreement, (E) the release of any Credit Party or Guarantor of Payment except in connection with a merger or sale of assets permitted pursuant to Section 5.12 hereof, (F) the release of all or substantially all of
the Collateral securing the Secured Obligations, or (G) any amendment to this Section 11.3(a) or Section 9.5 or 9.8 hereof. 
 (ii) Specific Commitments. Agent and the applicable Lenders of any Specific Commitment shall have the right to increase such Specific Commitment, decrease the interest rate on or fees payable with respect to
such Specific Commitment, and extend the maturity of or decrease the amount of payments on such Specific Commitment, without the consent of any other Lenders. 
 (iii) Provisions Relating to Special Rights and Duties. No provision of this Agreement affecting Agent in its capacity as such
shall be amended, modified or waived without the consent of Agent. No provision of this Agreement relating to the rights or duties of the Fronting Lender in its capacity as such shall be amended, modified or waived without the consent of the
Fronting Lender. No provision of this Agreement relating to the rights or duties of the Swing Line Lender in its capacity as such shall be amended, modified or waived without the consent of the Swing Line Lender. 
  

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 (c) Replacement of Non-Consenting Lender or Insolvent Lender. If, in connection with any proposed
amendment, waiver or consent hereunder, (i) the consent of all Lenders is required, but only the consent of Required Lenders is obtained, or (ii) the consent of Required Lenders is required, but the consent of the Required Lenders is not
obtained (any Lender withholding consent as described in subsections (a), (b) and (c) hereof being referred to as a “Non-Consenting Lender”), then, so long as Agent is not the Non-Consenting Lender, Agent shall, at the request
and at the sole expense of Borrower, upon notice to such Non-Consenting Lender and Borrower, require such Non-Consenting Lender to assign and delegate, without recourse (in accordance with the restrictions contained in Section 11.10 hereof) all
of its interests, rights and obligations under this Agreement to an Eligible Transferee that shall assume such obligations (which assignee may be another Lender, if a Lender accepts such assignment); provided that such Non-Consenting Lender shall
have received payment of an amount equal to the outstanding principal of its Loans, accrued interest thereon, accrued fees and all other amounts payable to it hereunder, from such Eligible Transferee (to the extent of such outstanding principal and
accrued interest and fees) or Borrower (in the case of all other amounts, including any breakage compensation under Article III hereof). To the extent that a Lender is insolvent and unable to meet its funding obligations as set forth in this
Agreement, Agent shall, at the request of Borrower and upon notice to such Lender, require such Lender to assign and delegate all of its interests, rights and obligations under this Agreement as if such Lender were a Non-Consenting Lender.

 (d) Generally. Notice of amendments or consents ratified by the Lenders hereunder shall be forwarded by Agent to all of the
Lenders. Each Lender or other holder of a Note (or interest in any Loan or Letter of Credit) shall be bound by any amendment, waiver or consent obtained as authorized by this Section 11.3, regardless of its failure to agree thereto. 

Section 11.4. Notices. All notices, requests, demands and other communications provided for hereunder shall be in writing and, if to
Borrower, mailed or delivered to it, addressed to it at the address specified on the signature pages of this Agreement, if to a Lender, mailed or delivered to it, addressed to the address of such Lender specified on the signature pages of this
Agreement, or, as to each party, at such other address as shall be designated by such party in a written notice to each of the other parties. All notices, statements, requests, demands and other communications provided for hereunder shall be given
by overnight delivery or first class mail with postage prepaid by registered or certified mail, addressed as aforesaid, or sent by facsimile with telephonic confirmation of receipt (if received during a Business Day, otherwise the following Business
Day). All notices hereunder shall not be effective until received. 
 Section 11.5. Costs, Expenses and Taxes. Borrower agrees to
pay on demand all costs and expenses of Agent and all Related Expenses, including, but not limited to (a) syndication, travel and out-of-pocket reasonable expenses, including but not limited to attorneys’ fees and expenses, of Agent in
connection with the preparation, negotiation and closing of the Loan Documents and the administration of the Loan Documents, the collection and disbursement of all funds hereunder and the other instruments and documents to be delivered hereunder,
(b) extraordinary expenses of Agent in connection with the administration of the Loan Documents and the other instruments and documents to be delivered hereunder, and (c) the reasonable fees 

  

 83 

 
and out-of-pocket expenses of special counsel for Agent, with respect to the foregoing, and of local counsel, if any, who may be retained by said special
counsel with respect thereto. Borrower also agrees to pay on demand all costs and expenses (including Related Expenses) of Agent and the Lenders, including reasonable attorneys’ fees and expenses, in connection with the restructuring or
enforcement of the Obligations, this Agreement or any Related Writing. In addition, Borrower shall pay any and all stamp, transfer, documentary and other taxes, assessments, charges and fees payable or determined to be payable in connection with the
execution and delivery of the Loan Documents, and the other instruments and documents to be delivered hereunder, and agrees to hold Agent and each Lender harmless from and against any and all liabilities with respect to or resulting from any delay
in paying or failure to pay such taxes or fees, other than those liabilities resulting from the gross negligence or willful misconduct of Agent, or, with respect to amounts owing to a Lender, such Lender, in each case as determined by a court of
competent jurisdiction. All obligations provided for in this Section 11.5 shall survive any termination of this Agreement. 
 Section 11.6. Indemnification. Borrower agrees to defend, indemnify and hold harmless Agent and the Lenders (and their respective affiliates, officers, directors, attorneys, agents and employees) from and against any and all
liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses (including reasonable attorneys’ fees) or disbursements of any kind or nature whatsoever that may be imposed on, incurred by or asserted against
Agent or any Lender in connection with any investigative, administrative or judicial proceeding (whether or not such Lender or Agent shall be designated a party thereto) or any other claim by any Person relating to or arising out of any Loan
Document or any actual or proposed use of proceeds of the Loans or any of the Obligations, or any activities of any Company or its Affiliates; provided that no Lender nor Agent shall have the right to be indemnified under this Section 11.6 for
its own gross negligence or willful misconduct as determined by a court of competent jurisdiction. All obligations provided for in this Section 11.6 shall survive any termination of this Agreement. 
 Section 11.7. Obligations Several; No Fiduciary Obligations. The obligations of the Lenders hereunder are several and not joint. Nothing
contained in this Agreement and no action taken by Agent or the Lenders pursuant hereto shall be deemed to constitute Agent or the Lenders a partnership, association, joint venture or other entity. No default by any Lender hereunder shall excuse the
other Lenders from any obligation under this Agreement; but no Lender shall have or acquire any additional obligation of any kind by reason of such default. The relationship between Borrower and the Lenders with respect to the Loan Documents and the
Related Writings is and shall be solely that of debtor and creditors, respectively, and neither Agent nor any Lender shall have any fiduciary obligation toward any Credit Party with respect to any such documents or the transactions contemplated
thereby. 
 Section 11.8. Execution in Counterparts. This Agreement may be executed in any number of counterparts and by
different parties hereto in separate counterparts and by facsimile signature, each of which counterparts when so executed and delivered shall be deemed to be an original and all of which taken together shall constitute but one and the same
agreement. 
  

 84 

 Section 11.9. Binding Effect; Borrower’s Assignment. This Agreement shall become
effective when it shall have been executed by Borrower, Agent and each Lender and thereafter shall be binding upon and inure to the benefit of Borrower, Agent and each of the Lenders and their respective successors and assigns, except that Borrower
shall not have the right to assign its rights hereunder or any interest herein without the prior written consent of Agent and all of the Lenders. 
 Section 11.10. Lender Assignments. 
 (a) Assignments of Commitments. Each Lender shall have the right at any time
or times to assign to an Eligible Transferee (other than to a Lender that shall not be in compliance with this Agreement), without recourse, all or a percentage of all of the following: (i) such Lender’s Commitment, (ii) all Loans
made by that Lender, (iii) such Lender’s Notes, and (iv) such Lender’s interest in any Letter of Credit or Swing Loan, and any participation purchased pursuant to Section 2.2(b) or (c) or 9.5 hereof. 
 (b) Prior Consent. No assignment may be consummated pursuant to this Section 11.10 without the prior written consent of Borrower and Agent
(other than an assignment by any Lender to any affiliate of such Lender which affiliate is an Eligible Transferee and either wholly-owned by a Lender or is wholly-owned by a Person that wholly owns, either directly or indirectly, such Lender, or to
another Lender), which consent of Borrower and Agent shall not be unreasonably withheld; provided that (i) the consent of Borrower shall not be required if, at the time of the proposed assignment, any Default or Event of Default shall then
exist and (ii) Borrower shall be deemed to have granted its consent unless Borrower has expressly objected to such assignment within five Business Days after notice thereof. Anything herein to the contrary notwithstanding, any Lender may at any
time make a collateral assignment of all or any portion of its rights under the Loan Documents to a Federal Reserve Bank, and no such assignment shall release such assigning Lender from its obligations hereunder. 
 (c) Minimum Amount. Each such assignment shall be in a minimum amount of the lesser of One Million Dollars ($1,000,000) of the assignor’s
Commitment and interest herein, or the entire amount of the assignor’s Commitment and interest herein. 
 (d) Assignment Fee.
Unless the assignment shall be to an affiliate of the assignor or the assignment shall be due to merger of the assignor or for regulatory purposes, either the assignor or the assignee shall remit to Agent, for its own account, an administrative fee
of Three Thousand Five Hundred Dollars ($3,500). 
 (e) Assignment Agreement. Unless the assignment shall be due to merger of the
assignor or a collateral assignment for regulatory purposes, the assignor shall (i) cause the assignee to execute and deliver to Borrower and Agent an Assignment Agreement, and (ii) execute and deliver, or cause the assignee to execute and
deliver, as the case may be, to Agent such additional amendments, assurances and other writings as Agent may reasonably require. 
 (f)
Non-U.S. Assignee. If the assignment is to be made to an assignee that is organized under the laws of any jurisdiction other than the United States or any state thereof, the 

  

 85 

 
assignor Lender shall cause such assignee, at least five Business Days prior to the effective date of such assignment, (i) to represent to the assignor
Lender (for the benefit of the assignor Lender, Agent and Borrower) that under applicable law and treaties no taxes will be required to be withheld by Agent, Borrower or the assignor with respect to any payments to be made to such assignee in
respect of the Loans hereunder, (ii) to furnish to the assignor Lender (and, in the case of any assignee registered in the Register (as defined below), Agent and Borrower) either U.S. Internal Revenue Service Form W-8ECI or U.S. Internal
Revenue Service Form W-8BEN, as applicable (wherein such assignee claims entitlement to complete exemption from U.S. federal withholding tax on all payments hereunder), and (iii) to agree (for the benefit of the assignor, Agent and Borrower) to
provide to the assignor Lender (and, in the case of any assignee registered in the Register, to Agent and Borrower) a new Form W-8ECI or Form W-8BEN, as applicable, upon the expiration or obsolescence of any previously delivered form and comparable
statements in accordance with applicable U.S. laws and regulations and amendments duly executed and completed by such assignee, and to comply from time to time with all applicable U.S. laws and regulations with regard to such withholding tax
exemption. 
 (g) Deliveries by Borrower. Upon satisfaction of all applicable requirements specified in subsections (a) through
(f) above, Borrower shall execute and deliver (i) to Agent, the assignor and the assignee, any consent or release (of all or a portion of the obligations of the assignor) required to be delivered by Borrower in connection with the
Assignment Agreement, and (ii) to the assignee, if requested, and the assignor, if applicable, an appropriate Note or Notes. After delivery of the new Note or Notes, the assignor’s Note or Notes, if any, being replaced shall be returned to
Borrower marked “replaced”. 
 (h) Effect of Assignment. Upon satisfaction of all applicable requirements set forth in
subsections (a) through (g) above, and any other condition contained in this Section 11.10, (i) the assignee shall become and thereafter be deemed to be a “Lender” for the purposes of this Agreement, (ii) the
assignor shall be released from its obligations hereunder to the extent that its interest has been assigned, (iii) in the event that the assignor’s entire interest has been assigned, the assignor shall cease to be and thereafter shall no
longer be deemed to be a “Lender” and (iv) the signature pages hereto and Schedule 1 hereto shall be automatically amended, without further action, to reflect the result of any such assignment. 
 (i) Agent to Maintain Register. Agent shall maintain at the address for notices referred to in Section 11.4 hereof a copy of each Assignment
Agreement delivered to it and a register (the “Register”) for the recordation of the names and addresses of the Lenders and the Commitment of, and principal amount of the Loans owing to, each Lender from time to time. The entries in the
Register shall be conclusive, in the absence of manifest error, and Borrower, Agent and the Lenders may treat each Person whose name is recorded in the Register as the owner of the Loan recorded therein for all purposes of this Agreement. The
Register shall be available for inspection by Borrower or any Lender at any reasonable time and from time to time upon reasonable prior notice. 
 Section 11.11. Sale of Participations. Any Lender may, in the ordinary course of its commercial banking business and in accordance with applicable law, at any time sell participations to one or more Eligible Transferees (each a
“Participant”) in all or a portion of its 

  

 86 

 
rights or obligations under this Agreement and the other Loan Documents (including, without limitation, all or a portion of the Commitment and the Loans and
participations owing to it and the Note, if any, held by it) without the consent of Borrower or Agent; provided that: 
 (a) any such
Lender’s obligations under this Agreement and the other Loan Documents shall remain unchanged; 
 (b) such Lender shall remain solely
responsible to the other parties hereto for the performance of such obligations; 
 (c) the parties hereto shall continue to deal solely and
directly with such Lender in connection with such Lender’s rights and obligations under this Agreement and each of the other Loan Documents; 
 (d) such Participant shall be bound by the provisions of Section 9.5 hereof, and the Lender selling such participation shall obtain from such Participant a written confirmation of its agreement to be so bound; and 
 (e) no Participant (unless such Participant is itself a Lender) shall be entitled to require such Lender to take or refrain from taking action under this
Agreement or under any other Loan Document, except that such Lender may agree with such Participant that such Lender will not, without such Participant’s consent, take action of the type described as follows: 
 (i) increase the portion of the participation amount of any Participant over the amount thereof then in effect, or extend the Commitment
Period, without the written consent of each Participant affected thereby; or 
 (ii) reduce the principal amount of or extend
the time for any payment of principal of any Loan, or reduce the rate of interest or extend the time for payment of interest on any Loan, or reduce the commitment fee, without the written consent of each Participant affected thereby. 
 Borrower agrees that any Lender that sells participations pursuant to this Section 11.11 shall still be entitled to the benefits of Article III hereof,
notwithstanding any such transfer; provided, however, that the obligations of Borrower shall not increase as a result of such transfer and Borrower shall have no obligation to any Participant. 
 Section 11.12. Patriot Act Notice. Each Lender and Agent (for itself and not on behalf of any other party) hereby notifies the Credit Parties
that, pursuant to the requirements of the Patriot Act, such Lender and Agent are required to obtain, verify and record information that identifies the Credit Parties, which information includes the name and address of the Credit Parties and other
information that will allow such Lender or Agent, as applicable, to identify the Credit Parties in accordance with the Patriot Act. Borrower shall provide, to the extent commercially reasonable, such information and take such actions as are
reasonably requested by Agent or a Lender in order to assist Agent or such Lender in maintaining compliance with the Patriot Act. 
  

 87 

 Section 11.13. Severability of Provisions; Captions; Attachments. Any provision of this
Agreement that shall be 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. The several captions to sections and subsections herein are inserted for convenience only and shall be ignored in interpreting the provisions of this Agreement. Each schedule or
exhibit attached to this Agreement shall be incorporated herein and shall be deemed to be a part hereof. 
 Section 11.14. Investment
Purpose. Each of the Lenders represents and warrants to Borrower that it is entering into this Agreement with the present intention of acquiring any Note issued pursuant hereto (or, if there is no Note, the interest as reflected on the books and
records of Agent) for investment purposes only and not for the purpose of distribution or resale, it being understood, however, that each Lender shall at all times retain full control over the disposition of its assets. 
 Section 11.15. Entire Agreement. This Agreement, any Note and any other Loan Document or other agreement, document or instrument attached
hereto or executed on or as of the Closing Date integrate all of the terms and conditions mentioned herein or incidental hereto and supersede all oral representations and negotiations and prior writings with respect to the subject matter hereof.

 Section 11.16. Legal Representation of Parties. The Loan Documents were negotiated by the parties with the benefit of legal
representation and any rule of construction or interpretation otherwise requiring this Agreement or any other Loan Document to be construed or interpreted against any party shall not apply to any construction or interpretation hereof or thereof.

 Section 11.17. Governing Law; Submission to Jurisdiction. 
 (a) Governing Law. This Agreement, each of the Notes and any Related Writing (except as otherwise set forth in any Loan Document executed by a
Foreign Subsidiary) shall be governed by and construed in accordance with the laws of the State of New York and the respective rights and obligations of Borrower, Agent, and the Lenders shall be governed by New York law, without regard to principles
of conflicts of laws. 
 (b) Submission to Jurisdiction. Borrower hereby irrevocably submits to the non-exclusive jurisdiction of any
New York state or federal court sitting in New York, New York, over any action or proceeding arising out of or relating to this Agreement, the Obligations or any Related Writing (except as otherwise set forth in any Loan Document executed by a
Foreign Subsidiary), and Borrower hereby irrevocably agrees that all claims in respect of such action or proceeding may be heard and determined in such New York state or federal court. Borrower, on behalf of itself and its Subsidiaries, hereby
irrevocably waives, to the fullest extent permitted by law, any objection it may now or hereafter have to the laying of venue in any action or proceeding in any such court as well as any right it may now or hereafter have to remove such 

  

 88 

 
action or proceeding, once commenced, to another court on the grounds of FORUM NON CONVENIENS or otherwise. Borrower agrees that a final, non-appealable
judgment in any such action or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by law. 
 [Remainder of page left intentionally blank] 
  

 89 

 Section 11.18. JURY TRIAL WAIVER. TO THE EXTENT PERMITTED BY LAW, BORROWER, AGENT AND EACH
LENDER WAIVE ANY RIGHT TO HAVE A JURY PARTICIPATE IN RESOLVING ANY DISPUTE, WHETHER SOUNDING IN CONTRACT, TORT OR OTHERWISE, AMONG BORROWER, AGENT AND THE LENDERS, OR ANY THEREOF, ARISING OUT OF, IN CONNECTION WITH, RELATED TO, OR INCIDENTAL TO THE
RELATIONSHIP ESTABLISHED AMONG THEM IN CONNECTION WITH THIS AGREEMENT OR ANY NOTE OR OTHER INSTRUMENT, DOCUMENT OR AGREEMENT EXECUTED OR DELIVERED IN CONNECTION HEREWITH OR THE TRANSACTIONS RELATED THERETO. 
 IN WITNESS WHEREOF, the parties have executed and delivered this Credit and Security Agreement as of the date first set forth above. 
  

							
	Address:	 	310 Littleton Road	 	NETSCOUT SYSTEMS, INC.
		 	Westford, Massachusetts 01886	 	
		 	Attn: David P. Sommers	 	By:	 	 /s/ David P. Sommers

		 		 		 	David P. Sommers
		 		 		 	 Senior Vice President, General Operations,
Chief Financial Officer, and Treasurer

			
	Address:	 	127 Public Square
Cleveland, Ohio 44114-1306	 	 KEYBANK NATIONAL ASSOCIATION,
as Agent and as a Lender

		 	Attn: Institutional Bank	 	
		 		 	By:	 	 /s/ Jeff Kalinowski

		 		 		 	Jeff Kalinowski
		 		 		 	Senior Vice President

  

 Signature Page 1 of 6 to 
 Credit and Security Agreement 

							
	Address:	 	 One Boston Place, 18th Floor
 Boston, Massachusetts 02108
	 	 WELLS FARGO FOOTHILL, LLC
as Co-Syndication Agent and as a Lender

		 	Attn: Ron Cote	 		 	
		 		 	By:	 	 /s/ Andrea E. Liporaee

		 		 	Name:	 	Andrea E. Liporaee
		 		 	Title:	 	Vice President

  

 Signature Page 2 of 6 to 
 Credit and Security Agreement 

							
	Address:	 	 221 Washington Street
 Suite 200
	 	 SILICON VALLEY BANK,
as Co-Syndication Agent and as a Lender

		 	Newton, Massachusetts 02467	 	
		 	Attn: Irina Case	 	By:	 	 /s/ Irina Case

		 		 		 	Irina Case
		 		 		 	Senior Vice President

  

 Signature Page 3 of 6 to 
 Credit and Security Agreement 

							
	Address:	 	 226 Airport Parkway, Suite 100
 M/C
4120
	 	 COMERICA BANK
as Documentation Agent and as a Lender

		 	San Jose, California 95110	 	
		 	Attn: Stephanie Karic	 	By:	 	 /s/ Stephanie Karic

		 		 		 	Stephanie Karic
		 		 		 	Vice President

  

 Signature Page 4 of 6 to 
 Credit and Security Agreement 

							
	Address:	 	19 Pleasant Street	 	SOVEREIGN BANK
		 	Woburn, Massachusetts 01801	 	
		 	Attn: Jay Massimo	 	By:	 	 /s/ Jay Massimo

		 		 		 	Jay Massimo
		 		 		 	Senior Vice President

  

 Signature Page 5 of 6 to 
 Credit and Security Agreement 

							
	Address:	 	53 State Street	 	RBS CITIZENS, NATIONAL ASSOCIATION
		 	Boston, Massachusetts 02109	 	
		 	Attn: William F. Granchelli	 	By:	 	 /s/ William F. Granchelli

		 		 		 	William F. Granchelli
		 		 		 	Senior Vice President

  

 Signature Page 6 of 6 to 
 Credit and Security Agreement 

 SCHEDULE 1 
  

																			
	 LENDERS
	  	 REVOLVING
CREDIT
COMMITMENT
 PERCENTAGE
	 	 	 REVOLVING
 CREDIT
 COMMITMENT
 AMOUNT
	  	 TERM LOAN
COMMITMENT
 PERCENTAGE
	 	 	 TERM LOAN
 COMMITMENT
 AMOUNT
	  	OVERALL
COMMITMENT
PERCENTAGE	 	 	MAXIMUM
AMOUNT
	 KeyBank National Association
	  	22.27	%	 	$	2,227,273.00	  	22.27	%	 	$	22,272,727.00	  	22.27	%	 	$	24,500,000.00
	 Silicon Valley Bank
	  	20.91	%	 	$	2,090,909.00	  	20.91	%	 	$	20,909,091.00	  	20.91	%	 	$	23,000,000.00
	 Wells Fargo Foothill, LLC
	  	20.91	%	 	$	2,090,909.00	  	20.91	%	 	$	20,909,091.00	  	20.91	%	 	$	23,000,000.00
	 Comerica Bank
	  	14.55	%	 	$	1,454,545.00	  	14.55	%	 	$	14,545,455.00	  	14.55	%	 	$	16,000,000.00
	 Sovereign Bank
	  	12.27	%	 	$	1,227,273.00	  	12.27	%	 	$	12,272,727.00	  	12.27	%	 	$	13,500,000.00
	 RBS Citizens, National Association
	  	9.09	%	 	$	909,091.00	  	9.09	%	 	$	9,090,909.00	  	9.09	%	 	$	10,000,000.00
	 Total Commitment Amount
	  	100	%	 	$	10,000,000.00	  	100	%	 	$	100,000,000.00	  	100	%	 	$	110,000,000.00

  

 S-1 

 SCHEDULE 2 
 GUARANTORS OF PAYMENT 
 NetScout Systems Security Corporation, a Massachusetts corporation 
 NetScout Service Level Corporation, a Delaware corporation 
 Network General
Central Corporation, a Delaware corporation 
 Network General Corporation, a Delaware corporation 
 Fidelia Technology, Inc., a Delaware corporation 
 Network General
International Corporation, a Delaware corporation 
 Starburst Technology Holdings I, L.L.C., a Delaware limited liability company 
 Starburst Technology Holdings II, L.L.C., a Delaware limited liability company 
  

 S-2 

 EXHIBIT A 
 FORM OF 
 REVOLVING CREDIT NOTE 
  

			
	 $            
	  	December 21, 2007

 FOR VALUE RECEIVED, the undersigned, NETSCOUT SYSTEMS, INC., a Delaware corporation
(“Borrower”), promises to pay, on the last day of the Commitment Period, as defined in the Credit Agreement (as hereinafter defined), to the order of
                     (“Lender”) at the main office of KEYBANK NATIONAL ASSOCIATION, as Agent, as hereinafter defined, 127 Public
Square, Cleveland, Ohio 44114-1306 the principal sum of 
  

			
		  	DOLLARS

 or the aggregate unpaid principal amount of all Revolving Loans, as defined in the Credit Agreement, made by
Lender to Borrower pursuant to Section 2.2(a) of the Credit Agreement, whichever is less, in lawful money of the United States of America. 
 As used herein, “Credit Agreement” means the Credit and Security Agreement dated as of December 21, 2007, among Borrower, the Lenders, as defined therein, KeyBank National Association, as the lead arranger, sole book runner
and administrative agent for the Lenders (“Agent”), Silicon Valley Bank, as co-syndication agent, Wells Fargo Foothill, LLC, as co-syndication agent, and Comerica Bank, as documentation agent, as the same may from time to time be amended,
restated or otherwise modified. Each capitalized term used herein that is defined in the Credit Agreement and not otherwise defined herein shall have the meaning ascribed to it in the Credit Agreement. 
 Borrower also promises to pay interest on the unpaid principal amount of each Revolving Loan from time to time outstanding, from the date of such
Revolving Loan until the payment in full thereof, at the rates per annum that shall be determined in accordance with the provisions of Section 2.4(a) of the Credit Agreement. Such interest shall be payable on each date provided for in such
Section 2.4(a); provided that interest on any principal portion that is not paid when due shall be payable on demand. 
 The portions of
the principal sum hereof from time to time representing Base Rate Loans and Eurodollar Loans, interest owing thereon and payments of principal and interest of any thereof, shall be shown on the records of Lender by such method as Lender may
generally employ; provided that failure to make any such entry shall in no way detract from the obligations of Borrower under this Note. 
 If this Note shall not be paid at maturity, whether such maturity occurs by reason of lapse of time or by operation of any provision for acceleration of maturity contained in the Credit Agreement, the principal hereof and the unpaid
interest thereon shall bear interest, until paid, at a rate per annum equal to the Default Rate. All payments of principal of and interest on this Note shall be made in immediately available funds. 
  

 E-3 

 This Note is one of the Revolving Credit Notes referred to in the Credit Agreement. Reference is made to
the Credit Agreement for a description of the right of the undersigned to anticipate payments hereof, the right of the holder hereof to declare this Note due prior to its stated maturity, and other terms and conditions upon which this Note is
issued. 
 Except as expressly provided in the Credit Agreement, Borrower expressly waives presentment, demand, protest and notice of any
kind. This Note shall be governed by and construed in accordance with the laws of the State of New York, without regard to conflicts of laws provisions. 
 JURY TRIAL WAIVER. BORROWER, TO THE EXTENT PERMITTED BY LAW, HEREBY WAIVES ANY RIGHT TO HAVE A JURY PARTICIPATE IN RESOLVING ANY DISPUTE, WHETHER SOUNDING IN CONTRACT, TORT OR OTHERWISE, AMONG BORROWER, AGENT
AND THE LENDERS, OR ANY THEREOF, ARISING OUT OF, IN CONNECTION WITH, RELATED TO, OR INCIDENTAL TO THE RELATIONSHIP ESTABLISHED AMONG THEM IN CONNECTION WITH THIS NOTE OR ANY OTHER NOTE OR INSTRUMENT, DOCUMENT OR AGREEMENT EXECUTED OR DELIVERED IN
CONNECTION HEREWITH OR THE TRANSACTIONS RELATED THERETO. 
  

			
	NETSCOUT SYSTEMS, INC.
		
	By:	 	  

	Name:	 	  

	Title:	 	  

  

 E-4 

 EXHIBIT B 
 FORM OF 
 SWING LINE NOTE 
  

			
	 $2,000,000
	  	December 21, 2007

 FOR VALUE RECEIVED, the undersigned, NETSCOUT SYSTEMS, INC., a Delaware corporation
(“Borrower”), promises to pay to the order of KEYBANK NATIONAL ASSOCIATION (“Swing Line Lender”) at the main office of KEYBANK NATIONAL ASSOCIATION, as Agent, as hereinafter defined, 127 Public Square, Cleveland, Ohio 44114-1306
the principal sum of 
  

			
	 TWO MILLION AND 00/100
	  	DOLLARS

 or the aggregate unpaid principal amount of all Swing Loans, as defined in the Credit Agreement (as hereinafter
defined), made by the Swing Line Lender to Borrower pursuant to Section 2.2(c) of the Credit Agreement, whichever is less, in lawful money of the United States of America on the earlier of the last day of the Commitment Period, as defined in
the Credit Agreement, or, with respect to each Swing Loan, the Swing Loan Maturity Date applicable thereto. 
 As used herein, “Credit
Agreement” means the Credit and Security Agreement dated as of December 21, 2007, among Borrower, the Lenders, as defined therein, KeyBank National Association, as the lead arranger, sole book runner and administrative agent for the
Lenders (“Agent”), Silicon Valley Bank, as co-syndication agent, Wells Fargo Foothill, LLC, as co-syndication agent, and Comerica Bank, as documentation agent, as the same may from time to time be amended, restated or otherwise modified.
Each capitalized term used herein that is defined in the Credit Agreement and not otherwise defined herein shall have the meaning ascribed to it in the Credit Agreement. 
 Borrower also promises to pay interest on the unpaid principal amount of each Swing Loan from time to time outstanding, from the date of such Swing Loan until the payment in full thereof, at the rates per annum that
shall be determined in accordance with the provisions of Section 2.4(b) of the Credit Agreement. Such interest shall be payable on each date provided for in such Section 2.4(b); provided that interest on any principal portion that is not
paid when due shall be payable on demand. 
 The principal sum hereof from time to time and the payments of principal and interest thereon,
shall be shown on the records of Swing Line Lender by such method as Swing Line Lender may generally employ; provided that failure to make any such entry shall in no way detract from the obligation of Borrower under this Note. 
 If this Note shall not be paid at maturity, whether such maturity occurs by reason of lapse of time or by operation of any provision for acceleration of
maturity contained in the Credit Agreement, the principal hereof and the unpaid interest thereon shall bear interest, until paid, at a rate per annum equal to the Default Rate. All payments of principal of and interest on this Note shall be made in
immediately available funds. 
  

 E-5 

 This Note is the Swing Line Note referred to in the Credit Agreement. Reference is made to the Credit
Agreement for a description of the right of the undersigned to anticipate payments hereof, the right of the holder hereof to declare this Note due prior to its stated maturity, and other terms and conditions upon which this Note is issued.

 Except as expressly provided in the Credit Agreement, Borrower expressly waives presentment, demand, protest and notice of any kind. This
Note shall be governed by and construed in accordance with the laws of the State of New York, without regard to conflicts of laws provisions. 
 JURY TRIAL WAIVER. BORROWER, TO THE EXTENT PERMITTED BY LAW, HEREBY WAIVES ANY RIGHT TO HAVE A JURY PARTICIPATE IN RESOLVING ANY DISPUTE, WHETHER SOUNDING IN CONTRACT, TORT OR OTHERWISE, AMONG BORROWER, AGENT AND THE LENDERS, OR ANY
THEREOF, ARISING OUT OF, IN CONNECTION WITH, RELATED TO, OR INCIDENTAL TO THE RELATIONSHIP ESTABLISHED AMONG THEM IN CONNECTION WITH THIS NOTE OR ANY OTHER NOTE OR INSTRUMENT, DOCUMENT OR AGREEMENT EXECUTED OR DELIVERED IN CONNECTION HEREWITH OR THE
TRANSACTIONS RELATED THERETO. 
  

			
	 NETSCOUT SYSTEMS, INC.

		
	 By:
	 	  

	 Name:
	 	  

	 Title:
	 	  

  

 E-6 

 EXHIBIT C 
 FORM OF 
 TERM NOTE 
  

			
	 $            
	  	December 21, 2007

 FOR VALUE RECEIVED, the undersigned, NETSCOUT SYSTEMS, INC., a Delaware corporation
(“Borrower”), promises to pay to the order of                      (“Lender”) at the main office of KEYBANK NATIONAL
ASSOCIATION, as Agent, as hereinafter defined, 127 Public Square, Cleveland, Ohio 44114-1306 the principal sum of 
  

			
		  	DOLLARS

 in lawful money of the United States of America in consecutive principal payments as set forth in the Credit
Agreement (as hereinafter defined). 
 As used herein, “Credit Agreement” means the Credit and Security Agreement dated as of
December 21, 2007, among Borrower, the Lenders, as defined therein, KeyBank National Association, as the lead arranger, sole book runner and administrative agent for the Lenders (“Agent”), Silicon Valley Bank, as co-syndication agent,
Wells Fargo Foothill, LLC, as co-syndication agent, and Comerica Bank, as documentation agent, as the same may from time to time be amended, restated or otherwise modified. Each capitalized term used herein that is defined in the Credit Agreement
and not otherwise defined herein shall have the meaning ascribed to it in the Credit Agreement. 
 Borrower also promises to pay interest on
the unpaid principal amount of the Term Loan from time to time outstanding, from the date of the Term Loan until the payment in full thereof, at the rates per annum that shall be determined in accordance with the provisions of Section 2.4(c) of
the Credit Agreement. Such interest shall be payable on each date provided for in such Section 2.4(c); provided, however, that interest on any principal portion that is not paid when due shall be payable on demand. 
 The portions of the principal sum hereof from time to time representing Base Rate Loans and Eurodollar Loans, interest owing thereon, and payments of
principal and interest of any thereof, shall be shown on the records of Lender by such method as Lender may generally employ; provided that failure to make any such entry shall in no way detract from the obligations of Borrower under this Note.

 If this Note shall not be paid at maturity, whether such maturity occurs by reason of lapse of time or by operation of any provision for
acceleration of maturity contained in the Credit Agreement, the principal hereof and the unpaid interest thereon shall bear interest, until paid, at a rate per annum equal to the Default Rate. All payments of principal of and interest on this Note
shall be made in immediately available funds. 
 This Note is one of the Term Notes referred to in the Credit Agreement. Reference is made to
the Credit Agreement for a description of the right of the undersigned to anticipate payments hereof, the right of the holder hereof to declare this Note due prior to its stated maturity, and other terms and conditions upon which this Note is
issued. 
  

 E-7 

 Except as expressly provided in the Credit Agreement, Borrower expressly waives presentment, demand,
protest and notice of any kind. This Note shall be governed by and construed in accordance with the laws of the State of New York, without regard to conflicts of laws provisions. 
 JURY TRIAL WAIVER. BORROWER, TO THE EXTENT PERMITTED BY LAW, HEREBY WAIVES ANY RIGHT TO HAVE A JURY PARTICIPATE IN RESOLVING ANY DISPUTE, WHETHER
SOUNDING IN CONTRACT, TORT OR OTHERWISE, AMONG BORROWER, AGENT AND THE LENDERS, OR ANY THEREOF, ARISING OUT OF, IN CONNECTION WITH, RELATED TO, OR INCIDENTAL TO THE RELATIONSHIP ESTABLISHED AMONG THEM IN CONNECTION WITH THIS NOTE OR ANY OTHER NOTE
OR INSTRUMENT, DOCUMENT OR AGREEMENT EXECUTED OR DELIVERED IN CONNECTION HEREWITH OR THE TRANSACTIONS RELATED THERETO. 
  

			
	 NETSCOUT SYSTEMS, INC.

		
	 By:
	 	  

	 Name:
	 	  

	 Title:
	 	  

  

 E-8 

 EXHIBIT F 
 FORM OF 
 ASSIGNMENT AND ACCEPTANCE AGREEMENT 
 This Assignment and Acceptance Agreement (this “Assignment Agreement”) between
                     (the “Assignor”) and
                     (the “Assignee”) is dated as of
            , 20    . The parties hereto agree as follows: 
 1. Preliminary Statement. Assignor is a party to a Credit and Security Agreement, dated as of December 21, 2007 (as the same may from time to time be amended, restated or otherwise modified, the
“Credit Agreement”), among NETSCOUT SYSTEMS, INC., a Delaware corporation (“Borrower”), the lenders named on Schedule 1 thereto (together with their respective successors and assigns, collectively, the “Lenders”
and, individually, each a “Lender”), KEYBANK NATIONAL ASSOCIATION, as the lead arranger, sole book runner and administrative agent for the Lenders (“Agent”), SILICON VALLEY BANK, as co-syndication agent, WELLS FARGO FOOTHILL,
LLC, as co-syndication agent, and COMERICA BANK, as documentation agent. Capitalized terms used herein and not otherwise defined herein shall have the meanings attributed to them in the Credit Agreement. 
 2. Assignment and Assumption. Assignor hereby sells and assigns to Assignee, and Assignee hereby purchases and assumes from Assignor, an interest
in and to Assignor’s rights and obligations under the Credit Agreement, effective as of the Assignment Effective Date (as hereinafter defined), equal to the percentage interest specified on Annex 1 hereto (hereinafter, the “Assigned
Percentage”) of Assignor’s right, title and interest in and to (a) the Commitment, (b) any Loan made by Assignor that is outstanding on the Assignment Effective Date, (c) Assignor’s interest in any Letter of Credit
outstanding on the Assignment Effective Date, (d) any Note delivered to Assignor pursuant to the Credit Agreement, and (e) the Credit Agreement and the other Related Writings. After giving effect to such sale and assignment and on and
after the Assignment Effective Date, Assignee shall be deemed to have one or more Applicable Commitment Percentages under the Credit Agreement equal to the Applicable Commitment Percentages set forth in subpart II.A on Annex 1 hereto and an
Assigned Amount as set forth on subpart I.B of Annex 1 hereto (hereinafter, the “Assigned Amount”). 
 3. Assignment
Effective Date. The Assignment Effective Date (the “Assignment Effective Date”) shall be             ,
            (or such other date agreed to by Agent). On or prior to the Assignment Effective Date, Assignor shall satisfy the following conditions: 
 (a) receipt by Agent of this Assignment Agreement, including Annex 1 hereto, properly executed by Assignor and Assignee and accepted and consented
to by Agent and, if necessary pursuant to the provisions of Section 11.10(b) of the Credit Agreement, by Borrower; 
 (b) receipt by
Agent from Assignor of a fee of Three Thousand Five Hundred Dollars ($3,500), if required by Section 11.10(d) of the Credit Agreement; 
  

 E-9 

 (c) receipt by Agent from Assignee of an administrative questionnaire, or other similar document, which
shall include (i) the address for notices under the Credit Agreement, (ii) the address of its Lending Office, (iii) wire transfer instructions for delivery of funds by Agent, (iv) and such other information as Agent shall
request; and 
 (d) receipt by Agent from Assignor or Assignee of any other information required pursuant to Section 11.10 of the Credit
Agreement or otherwise necessary to complete the transaction contemplated hereby. 
 4. Payment Obligations. In consideration for the
sale and assignment of Loans hereunder, Assignee shall pay to Assignor, on the Assignment Effective Date, the amount agreed to by Assignee and Assignor. Any interest, fees and other payments accrued prior to the Assignment Effective Date with
respect to the Assigned Amount shall be for the account of Assignor. Any interest, fees and other payments accrued on and after the Assignment Effective Date with respect to the Assigned Amount shall be for the account of Assignee. Each of Assignor
and Assignee agrees that it will hold in trust for the other party any interest, fees or other amounts which it may receive to which the other party is entitled pursuant to the preceding sentence and to pay the other party any such amounts which it
may receive promptly upon receipt thereof. 
 5. Credit Determination; Limitations on Assignor’s Liability. Assignee represents
and warrants to Assignor, Borrower, Agent and the Lenders (a) that it is capable of making and has made and shall continue to make its own credit determinations and analysis based upon such information as Assignee deemed sufficient to enter
into the transaction contemplated hereby and not based on any statements or representations by Assignor; (b) Assignee confirms that it meets the requirements to be an assignee as set forth in Section 11.10 of the Credit Agreement;
(c) Assignee confirms that it is able to fund the Loans and the Letters of Credit as required by the Credit Agreement; (d) Assignee agrees that it will perform in accordance with their terms all of the obligations which by the terms of the
Credit Agreement and the Related Writings are required to be performed by it as a Lender thereunder; and (e) Assignee represents that it has reviewed each of the Loan Documents. It is understood and agreed that the assignment and assumption
hereunder are made without recourse to Assignor and that Assignor makes no representation or warranty of any kind to Assignee and shall not be responsible for (i) the due execution, legality, validity, enforceability, genuineness, sufficiency
or collectability of the Credit Agreement or any Related Writings, (ii) any representation, warranty or statement made in or in connection with the Credit Agreement or any of the Related Writings, (iii) the financial condition or
creditworthiness of Borrower or any Guarantor of Payment, (iv) the performance of or compliance with any of the terms or provisions of the Credit Agreement or any of the Related Writings, (v) the inspection of any of the property, books or
records of Borrower, or (vi) the validity, enforceability, perfection, priority, condition, value or sufficiency of any collateral securing or purporting to secure the Loans or Letters of Credit. Neither Assignor nor any of its officers,
directors, employees, agents or attorneys shall be liable for any mistake, error of judgment, or action taken or omitted to be taken in connection with the Loans, the Letters of Credit, the Credit Agreement or the Related Writings, except for its or
their own gross negligence or willful misconduct. Assignee appoints Agent to take such action as agent on its behalf and to exercise such powers under the Credit Agreement as are delegated to Agent by the terms thereof. 
  

 E-10 

 6. Indemnity. Assignee agrees to indemnify and hold Assignor harmless against any and all losses,
cost and expenses (including, without limitation, attorneys’ fees) and liabilities incurred by Assignor in connection with or arising in any manner from Assignee’s performance or non-performance of obligations assumed under this Assignment
Agreement. 
 7. Subsequent Assignments. After the Assignment Effective Date, Assignee shall have the right, pursuant to
Section 11.10 of the Credit Agreement, to assign the rights which are assigned to Assignee hereunder, provided that (a) any such subsequent assignment does not violate any of the terms and conditions of the Credit Agreement, any of the
Related Writings, or any law, rule, regulation, order, writ, judgment, injunction or decree and that any consent required under the terms of the Credit Agreement or any of the Related Writings has been obtained, (b) the assignee under such
assignment from Assignee shall agree to assume all of Assignee’s obligations hereunder in a manner satisfactory to Assignor, and (c) Assignee is not thereby released from any of its obligations to Assignor hereunder. 
 8. Reductions of Aggregate Amount of Commitments. If any reduction in the Total Commitment Amount occurs between the date of this Assignment
Agreement and the Assignment Effective Date, the percentage of the Total Commitment Amount assigned to Assignee shall remain the percentage specified in Section 1 hereof and the dollar amount of the Commitment of Assignee shall be recalculated
based on the reduced Total Commitment Amount. 
 9. Acceptance of Agent; Notice by Assignor. This Assignment Agreement is conditioned
upon the acceptance and consent of Agent and, if necessary pursuant to Section 11.10 of the Credit Agreement, upon the acceptance and consent of Borrower; provided that the execution of this Assignment Agreement by Agent and, if necessary, by
Borrower is evidence of such acceptance and consent. 
 10. Entire Agreement. This Assignment Agreement embodies the entire agreement
and understanding between the parties hereto and supersedes all prior agreements and understandings between the parties hereto relating to the subject matter hereof. 
 11. Governing Law. This Assignment Agreement shall be governed by the laws of the State of New York, without regard to conflicts of laws. 
 12. Notices. Notices shall be given under this Assignment Agreement in the manner set forth in the Credit Agreement. For the purpose hereof, the
addresses of the parties hereto (until notice of a change is delivered) shall be the address set forth under each party’s name on the signature pages hereof. 
 13. Counterparts. This Assignment Agreement may be executed in any number of counterparts, by different parties hereto in separate counterparts and by facsimile signature, each of which when so executed and
delivered shall be deemed to be an original and all of which taken together shall constitute but one and the same agreement. 
 [Remainder of
page intentionally left blank.] 
  

 E-11 

 14. JURY TRIAL WAIVER. EACH OF THE UNDERSIGNED, TO THE EXTENT PERMITTED BY LAW, WAIVES ANY RIGHT TO HAVE
A JURY PARTICIPATE IN RESOLVING ANY DISPUTE, WHETHER SOUNDING IN CONTRACT, TORT, OR OTHERWISE, AMONG AGENT, ANY OF THE LENDERS, AND BORROWER, OR ANY THEREOF, ARISING OUT OF, IN CONNECTION WITH, RELATED TO, OR INCIDENTAL TO THE RELATIONSHIP
ESTABLISHED AMONG THEM IN CONNECTION WITH THIS INSTRUMENT OR ANY NOTE OR OTHER AGREEMENT, INSTRUMENT OR DOCUMENT EXECUTED OR DELIVERED IN CONNECTION THEREWITH OR THE TRANSACTIONS RELATED HERETO. 
 IN WITNESS WHEREOF, the parties hereto have executed this Assignment Agreement by their duly authorized officers as of the date first above written.

  

											
		 		 		 		 	ASSIGNOR:
				
	Address:	 	  
	 		 	  

		 	  
	 		 		 	
		 	Attn:	 	  
	 		 	By:	 	  

		 	Phone:	 	  
	 		 	Name:	 	  

		 	Fax:	 	  
	 		 	Title:	 	
					
		 		 		 		 	ASSIGNEE:
				
	Address:	 	  
	 		 	  

		 	  
	 		 		 	
		 	Attn:	 	  
	 		 	By:	 	  

		 	Phone:	 	  
	 		 	Name:	 	  

		 	Fax:	 	  
	 		 	Title:	 	  

			
	Accepted and Consented to this      day of       , 20    :	 		 	Accepted and Consented to this      day of       , 20    :
			
	KEYBANK NATIONAL ASSOCIATION, as Agent	 		 	NETSCOUT SYSTEMS, INC.
					
	By:	 	  
	 		 	By:	 	  

	Name:	 	  
	 		 	Name:	 	  

	Title:	 	  
	 		 	Title:	 	  

  

 E-12 

 ANNEX 1 
 TO 
 ASSIGNMENT AND ACCEPTANCE AGREEMENT 
 On and after the Assignment Effective Date, after giving effect to all other assignments being made by Assignor on the Assignment Effective Date, the
Commitment of Assignee, and, if this is less than an assignment of all of Assignor’s interest, Assignor, shall be as follows: 
  

											
	I.	  	INTEREST BEING ASSIGNED TO ASSIGNEE	  		 	
						
		  	A.	  	Revolving Credit Commitment	  		  		 	
						
		  		  	 Applicable Commitment Percentage of Revolving Credit Commitment
	  		  	                    %	 	
		  		  	 Assigned Amount
	  		  	$                    	 	
						
		  	B.	  	Term Loan Commitment	  		  		 	
						
		  		  	 Applicable Commitment Percentage of Term Loan Commitment
	  		  	                    %	 	
		  		  	 Assigned Amount
	  		  	$                    	 	
				
	II.	  	ASSIGNEE’S COMMITMENT (as of the Assignment Effective Date)	  		 	
						
		  	A.	  	Revolving Credit Commitment	  		  		 	
						
		  		  	 Applicable Commitment Percentage of Revolving Credit Commitment
	  		  	                    %	 	
		  		  	 Assignee’s Revolving Credit Commitment amount
	  		  	$                    	 	
						
		  	B.	  	Term Loan Commitment	  		  		 	
						
		  		  	 Applicable Commitment Percentage of Term Loan Commitment
	  		  	                    %	 	
		  		  	 Assignee’s portion of the Term Loan
	  		  	$                    	 	
				
	III.	  	ASSIGNOR’S COMMITMENT (as of the Assignment Effective Date)	  		 	
						
		  	A.	  	Revolving Credit Commitment	  		  		 	
						
		  		  	 Applicable Commitment Percentage of Revolving Credit Commitment
	  		  	                    %	 	
		  		  	 Assignor’s remaining Revolving Credit Commitment amount
	  		  	$                    	 	
						
		  	B.	  	Term Loan Commitment	  		  		 	
						
		  		  	 Applicable Commitment Percentage of Term Loan Commitment
	  		  	                    %	 	
		  		  	 Assignor’s remaining portion of the Term Loan
	  		  	$                    	 	

  

 E-13 

 THE FOLLOWING SCHEDULES AND EXHIBITS TO THE CREDIT AGREEMENT HAVE BEEN OMITTED IN ACCORDANCE WITH ITEM 601(B)(2) OF
REGULATION S-K. 
  

			
	Schedules	 	
		
	Schedule 3	 	Pledged Securities
	Schedule 4	 	Pledged Notes
	Schedule 5.8	 	Indebtedness
	Schedule 5.11	 	Permitted Foreign Subsidiary Loans And Investments
	Schedule 6.1	 	Corporate Existence; Subsidiaries; Foreign Qualification
	Schedule 6.4	 	Litigation And Administrative Proceedings
	Schedule 6.5	 	Real Estate Owned By The Companies
	Schedule 6.9	 	Locations
	Schedule 6.10	 	Employee Benefits Plans
	Schedule 6.15	 	Material Agreements
	Schedule 6.16	 	Intellectual Property
	Schedule 6.17	 	Insurance
	Schedule 6.18	 	Deposit Accounts
		
	Exhibits	 	
		
	Exhibit C	 	Form of Notice of Loan
	Exhibit D	 	Form of Compliance Certificate

 NetScout Systems, Inc. will furnish supplementally a copy of any omitted schedule or exhibit to the Securities and
Exchange Commission upon request, provided however that NetScout Systems, Inc. may request confidential treatment pursuant to Rule 24b-2 of the Securities and Exchange Act of 1934, as amended for any schedule so furnished.Form of Securities Purchase Agreement

 Exhibit 10.1 
 SECURITIES PURCHASE AGREEMENT 
 SECURITIES PURCHASE AGREEMENT (the
“Agreement”), dated as of December 31, 2007, by and among I-many, Inc., a Delaware corporation, with headquarters located at 399 Thornall Street, 12th Floor, Edison, New Jersey 08837 (the “Company”), and
the investors listed on the Schedule of Buyers attached hereto (individually, a “Buyer” and collectively, the “Buyers”). 
 WHEREAS: 
 A. The Company and each Buyer is executing and delivering this Agreement in reliance upon
the exemption from securities registration afforded by Section 4(2) of the Securities Act of 1933, as amended (the “1933 Act”), and Rule 506 of Regulation D (“Regulation D”) as promulgated by the United
States Securities and Exchange Commission (the “SEC”) under the 1933 Act. 
 B. The Company has authorized a new series of
senior convertible notes of the Company which notes shall be convertible into the Company’s common stock, par value $0.0001 per share (the “Common Stock”), in accordance with the terms of the Notes (as defined below).

 C. Each Buyer wishes to purchase, and the Company wishes to sell, upon the terms and conditions stated in this Agreement, that aggregate
principal amount of the Notes, in substantially the form attached hereto as Exhibit A (the “Notes”), set forth opposite such Buyer’s name in column (3) on the Schedule of Buyers attached hereto (which aggregate
amount for all Buyers shall be $17,000,000) (as converted, collectively, the “Conversion Shares”). 
 D. Contemporaneously
with the execution and delivery of this Agreement, the parties hereto are executing and delivering a Registration Rights Agreement, substantially in the form attached hereto as Exhibit B (the “Registration Rights Agreement”),
pursuant to which the Company has agreed to provide certain registration rights with respect to the Registrable Securities (as defined in the Registration Rights Agreement) under the 1933 Act and the rules and regulations promulgated thereunder, and
applicable state securities laws. 
 E. The Notes and the Conversion Shares collectively are referred to herein as the
“Securities”. 
 F. All obligations evidenced by the Notes shall constitute senior obligations of the Company and are senior
in right of payment to any existing or future subordinated indebtedness or other subordinated obligations of the Company. 
 NOW,
THEREFORE, the Company and each Buyer hereby agree as follows: 
 1. PURCHASE AND SALE OF NOTES. 
 (a) Purchase of Notes. Subject to the satisfaction (or waiver) of the conditions set forth in Sections 6 and 7 below, the Company shall issue and
sell to each Buyer, and each Buyer 

 
severally, but not jointly, agrees to purchase from the Company on the Closing Date (as defined below), a principal amount of Notes as is set forth opposite
such Buyer’s name in column (3) on the Schedule of Buyers (the “Closing”). 
 (b) Closing. The date and
time of the Closing (the “Closing Date”) shall be 10:00 a.m., New York City time, on the date hereof (or such later date as is mutually agreed to by the Company and each Buyer) after notification of satisfaction (or waiver) of the
conditions to the Closing set forth in Sections 6 and 7 below at the offices of Schulte Roth & Zabel LLP, 919 Third Avenue, New York, New York 10022. 
 (c) Purchase Price. The aggregate purchase price for the Notes to be purchased by each such Buyer at the Closing (the “Purchase Price”) shall be the amount set forth opposite each Buyer’s
name in column (4) of the Schedule of Buyers. Each Buyer shall pay $1,000 for each $1,000 of principal amount of Notes. 
 (d) Form
of Payment. On the Closing Date, (i) each Buyer shall pay its Purchase Price to the Company for the Notes to be issued and sold to such Buyer at the Closing, by wire transfer of immediately available funds in accordance with the
Company’s written wire instructions and (ii) the Company shall deliver to each Buyer the Notes (allocated in the principal amounts as such Buyer shall request) which such Buyer is then purchasing hereunder duly executed on behalf of the
Company and registered in the name of such Buyer or its designee. 
 2. BUYER’S REPRESENTATIONS AND WARRANTIES. Each Buyer,
severally and not jointly, represents and warrants with respect to only itself that: 
 (a) No Public Sale or Distribution. Such Buyer
is (i) acquiring the Notes and (ii) upon conversion of the Notes will acquire the Conversion Shares issuable upon conversion of the Notes, for its own account and not with a view towards, or for resale in connection with, the public sale
or distribution thereof, except pursuant to sales registered or exempted under the 1933 Act; provided, however, that by making the representations herein, such Buyer does not agree to hold any of the Securities for any minimum or other
specific term and reserves the right to dispose of the Securities at any time in accordance with or pursuant to a registration statement or an exemption under the 1933 Act. Such Buyer is acquiring the Securities hereunder in the ordinary course of
its business. Such Buyer does not presently have any agreement or understanding, directly or indirectly, with any Person to distribute any of the Securities. 
 (b) Accredited Investor Status. Such Buyer is an “accredited investor” as that term is defined in Rule 501(a) of Regulation D. 
 (c) Reliance on Exemptions. Such Buyer understands that the Securities are being offered and sold to it in reliance on specific exemptions from
the registration requirements of United States federal and state securities laws and that the Company is relying in part upon the truth and accuracy of, and such Buyer’s compliance with, the representations, warranties, agreements,
acknowledgments and understandings of such Buyer set forth herein in order to determine the availability of such exemptions and the eligibility of such Buyer to acquire the Securities. 
  

 - 2 - 

 (d) Information. Such Buyer and its advisors, if any, have been furnished with all materials
relating to the business, finances and operations of the Company and materials relating to the offer and sale of the Securities which have been requested by such Buyer. Such Buyer and its advisors, if any, have been afforded the opportunity to ask
questions of the Company. Neither such inquiries nor any other due diligence investigations conducted by such Buyer or its advisors, if any, or its representatives shall modify, amend or affect such Buyer’s right to rely on the Company’s
representations and warranties contained herein. Such Buyer understands that its investment in the Securities involves a high degree of risk. Such Buyer has sought such accounting, legal and tax advice as it has considered necessary to make an
informed investment decision with respect to its acquisition of the Securities. 
 (e) No Governmental Review. Such Buyer understands
that no United States federal or state agency or any other government or governmental agency has passed on or made any recommendation or endorsement of the Securities or the fairness or suitability of the investment in the Securities nor have such
authorities passed upon or endorsed the merits of the offering of the Securities. 
 (f) Transfer or Resale. Such Buyer understands
that except as provided in the Registration Rights Agreement: (i) the Securities have not been and are not being registered under the 1933 Act or any state securities laws, and may not be offered for sale, sold, assigned or transferred unless
(A) subsequently registered thereunder, (B) such Buyer shall have delivered to the Company an opinion of counsel, in a generally acceptable form, to the effect that such Securities to be sold, assigned or transferred may be sold, assigned
or transferred pursuant to an exemption from such registration, or (C) such Buyer provides the Company with reasonable assurance that such Securities can be sold, assigned or transferred pursuant to Rule 144 or Rule 144A promulgated under the
1933 Act, as amended, (or a successor rule thereto) (collectively, “Rule 144”); (ii) any sale of the Securities made in reliance on Rule 144 may be made only in accordance with the terms of Rule 144 and further, if Rule 144 is
not applicable, any resale of the Securities under circumstances in which the seller (or the Person (as defined in Section 3(s)) through whom the sale is made) may be deemed to be an underwriter (as that term is defined in the 1933 Act) may
require compliance with some other exemption under the 1933 Act or the rules and regulations of the SEC thereunder; and (iii) neither the Company nor any other Person is under any obligation to register the Securities under the 1933 Act or any
state securities laws or to comply with the terms and conditions of any exemption thereunder. The Securities may be pledged in connection with a bona fide margin account or other loan or financing arrangement secured by the Securities and such
pledge of Securities shall not be deemed to be a transfer, sale or assignment of the Securities hereunder, and no Buyer effecting a pledge of Securities shall be required to provide the Company with any notice thereof or otherwise make any delivery
to the Company pursuant to this Agreement or any other Transaction Document (as defined in Section 3(b)), including, without limitation, this Section 2(f). 
 (g) Legends. Such Buyer understands that the certificates or other instruments representing the Notes and, until such time as the resale of the Conversion Shares have been registered pursuant to a registration
statement under the 1933 Act as contemplated by the Registration Rights Agreement, the stock certificates representing the Conversion Shares, except as set forth below, shall bear any legend as required by the “blue sky” laws of any state
and a restrictive legend in substantially the following form (and a stop-transfer order may be placed against transfer of such stock certificates): 
  

 - 3 - 

 [NEITHER THE ISSUANCE AND SALE OF THE SECURITIES REPRESENTED BY THIS CERTIFICATE NOR THE
SECURITIES INTO WHICH THESE SECURITIES ARE [CONVERTIBLE] HAVE BEEN][THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN] REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR APPLICABLE STATE SECURITIES
LAWS. THE SECURITIES MAY NOT BE OFFERED FOR SALE, SOLD, TRANSFERRED OR ASSIGNED (I) IN THE ABSENCE OF (A) AN EFFECTIVE REGISTRATION STATEMENT FOR THE SECURITIES UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR (B) AN OPINION OF
COUNSEL, IN A GENERALLY ACCEPTABLE FORM, THAT REGISTRATION IS NOT REQUIRED UNDER SAID ACT OR (II) UNLESS SOLD PURSUANT TO RULE 144 OR RULE 144A UNDER SAID ACT. NOTWITHSTANDING THE FOREGOING, THE SECURITIES MAY BE PLEDGED IN CONNECTION WITH A BONA
FIDE MARGIN ACCOUNT OR OTHER LOAN OR FINANCING ARRANGEMENT SECURED BY THE SECURITIES. 
 The legend set forth above shall be removed and the Company shall
issue a certificate without such legend to the holder of the Conversion Shares upon which it is stamped or issue to such holder by electronic delivery at the applicable balance account at DTC (as defined below), unless otherwise required by state
securities laws, (i) such Conversion Shares are registered for resale under the 1933 Act, (ii) in connection with a sale, assignment or other transfer, such holder provides the Company with an opinion of counsel, in a generally acceptable
form, to the effect that such sale, assignment or transfer of the Conversion Shares may be made without registration under the applicable requirements of the 1933 Act, or (iii) such holder provides the Company with reasonable assurance that the
Conversion Shares can be sold, assigned or transferred pursuant to Rule 144 or Rule 144A. 
 (h) Validity; Enforcement. This Agreement
and the Registration Rights Agreement have been duly and validly authorized, executed and delivered on behalf of such Buyer and shall constitute the legal, valid and binding obligations of such Buyer enforceable against such Buyer in accordance with
their respective terms, except as such enforceability may be limited by general principles of equity or to applicable bankruptcy, insolvency, reorganization, moratorium, liquidation and other similar laws relating to, or affecting generally, the
enforcement of applicable creditors’ rights and remedies. 
 (i) No Conflicts. The execution, delivery and performance by such
Buyer of this Agreement and the Registration Rights Agreement and the consummation by such Buyer of the transactions contemplated hereby and thereby will not (i) result in a violation of the organizational documents of such Buyer or
(ii) conflict with, or constitute a default (or an event which with notice or lapse of time or both would become a default) under, or give to others any rights of termination, amendment, acceleration or cancellation of, any agreement, indenture
or 

  

 - 4 - 

 
instrument to which such Buyer is a party, or (iii) result in a violation of any law, rule, regulation, order, judgment or decree (including federal and
state securities laws) applicable to such Buyer, except in the case of clauses (ii) and (iii) above, for such conflicts, defaults, rights or violations which would not, individually or in the aggregate, reasonably be expected to have a
material adverse effect on the ability of such Buyer to perform its obligations hereunder. 
 (j) Residency. Such Buyer is a resident
of that jurisdiction specified below its address on the Schedule of Buyers. 
 (k) Certain Trading Activities. Other than with respect
to the transactions contemplated herein, since the time that such Buyer was first contacted by the Company, the Placement Agents (as defined below) or any other Person (as defined below) regarding this investment in the Company, neither such Buyer
nor any affiliate of such Buyer which (x) had knowledge of the transactions contemplated hereby, (y) has or shares discretion relating to such Buyer’s investments or trading or information concerning such Buyer’s investments and
(z) is subject to such Buyer’s review or input concerning such affiliate’s investments or trading (collectively, “Trading Affiliates”) has directly or indirectly, nor has any Person acting on behalf of or pursuant to
any understanding with such Buyer or Trading Affiliate, effected or agreed to effect any transactions in the securities of the Company. 
 (l) Independent Investment Decision. Such Buyer has independently evaluated the merits of its decision to purchase Securities pursuant to the Transaction Documents, and such Buyer confirms that it has not relied on the advice of any
other Buyer’s business and/or legal counsel in making such decision. Such Buyer has not relied on the business or legal advice of the Placement Agents or any of its agents, counsel or Affiliates in making its investment decision hereunder, and
confirms that none of such Persons has made any representations or warranties to such Buyer in connection with the transactions contemplated by the Transaction Documents. 
 3. REPRESENTATIONS AND WARRANTIES OF THE COMPANY. 
 The Company represents and warrants to each of the
Buyers that: 
 (a) Organization and Qualification. Except as set forth in Schedule 3(a), each of the Company and its
“Subsidiaries” (which for purposes of this Agreement means any entity in which the Company, directly or indirectly, owns any of the capital stock or holds an equity or similar interest; provided that the term Subsidiaries
shall not include any entity (i) in which the Company, directly or indirectly, owns less than ten percent (10%) of the capital stock or holds less than ten percent (10%) of an equity or similar interest and (ii) which,
individually or in the aggregate with other such entities, is not a “significant subsidiary” as defined in Rule 1-02(w) of the Regulation S-X promulgated by the SEC under the Securities Exchange Act of 1934, as amended (the “1934
Act”)) are entities duly organized and validly existing in good standing under the laws of the jurisdiction in which they are formed, and have the requisite power and authorization to own their properties and to carry on their business as
now being conducted. Each of the Company and its Subsidiaries is duly qualified as a foreign entity to do business and is in good standing in every jurisdiction in which its ownership of property or the nature of the business conducted by it makes
such qualification necessary, except to the extent that the failure to be so qualified or be in good standing would not have a Material Adverse Effect. As used in 

  

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this Agreement, “Material Adverse Effect” means any material adverse effect on the business, properties, assets, operations, results of
operations or financial condition of the Company and its Subsidiaries, taken as a whole, or on the transactions contemplated hereby and the other Transaction Documents (as defined below), or on the authority or ability of the Company to perform its
obligations under the Transaction Documents. The Company has no Subsidiaries except as set forth on Schedule 3(a). 
 (b)
Authorization; Enforcement; Validity. The Company has the requisite power and authority to enter into and perform its obligations under this Agreement, the Notes, the Registration Rights Agreement, the Irrevocable Transfer Agent Instructions
(as defined in Section 5(b)) and each of the other agreements entered into by the parties hereto in connection with the transactions contemplated by this Agreement (collectively, the “Transaction Documents”) and to issue the
Securities in accordance with the terms hereof and thereof. The execution and delivery of the Transaction Documents by the Company and the consummation by the Company of the transactions contemplated hereby and thereby, including, without
limitation, the issuance of the Notes and the reservation for issuance and the issuance of the Conversion Shares issuable upon conversion of the Notes have been duly authorized by the Company’s Board of Directors and (other than (i) the
filing with the SEC and applicable state securities commissions of Form D and related filings and (ii) the filing with the SEC of one or more Registration Statements and amendments thereto in accordance with the requirements of the
Registration Rights Agreement) no further filing, consent, or authorization is required by the Company, its Board of Directors or its stockholders. This Agreement and the other Transaction Documents of even date herewith have been duly executed and
delivered by the Company, and constitute the legal, valid and binding obligations of the Company, enforceable against the Company in accordance with their respective terms, except as such enforceability may be limited by general principles of equity
or applicable bankruptcy, insolvency, reorganization, moratorium, liquidation or similar laws relating to, or affecting generally, the enforcement of applicable creditors’ rights and remedies. 
 (c) Issuance of Securities. The issuance of the Notes is duly authorized and the Notes are free from all taxes, liens and charges with respect to
the issue thereof. As of the Closing, a number of shares of Common Stock shall have been duly authorized and reserved for issuance which equals or exceeds the maximum number of shares of Common Stock issuable upon conversion of the Notes (without
taking into account any limitations on the conversion of the Notes set forth in the Notes). Upon conversion or payment in accordance with the Notes, the Conversion Shares will be validly issued, fully paid and nonassessable and free from all
preemptive or similar rights, taxes, liens and charges with respect to the issue thereof, with the holders being entitled to all rights accorded to a holder of Common Stock. The offer and issuance by the Company of the Securities is exempt from
registration under the 1933 Act. 
 (d) No Conflicts. The execution, delivery and performance of the Transaction Documents by the
Company and the consummation by the Company of the transactions contemplated hereby and thereby (including, without limitation, the issuance of the Notes and reservation for issuance and issuance of the Conversion Shares) will not (i) result in
a violation of any articles of incorporation, certificate of formation, any certificate of designations or other constituent documents of the Company or any of its Subsidiaries, any capital stock of the Company or any of its Subsidiaries or the
bylaws of the Company or any of its Subsidiaries or 

  

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(ii) conflict with, or constitute a default (or an event which with notice or lapse of time or both would become a default) in any respect under, or give to
others any rights of termination, amendment, acceleration or cancellation of, any agreement, indenture or instrument to which the Company or any of its Subsidiaries is a party or (iii) result in a violation of any law, rule, regulation, order,
judgment or decree (including foreign, federal and state securities laws and regulations and the rules and regulations of The NASDAQ Global Market (the “Principal Market”)) applicable to the Company or any of its Subsidiaries or by
which any property or asset of the Company or any of its Subsidiaries is bound or affected, except, in cases (ii) and (iii), to the extent it would not result in a Material Adverse Effect. 
 (e) Consents. Neither the Company nor any of its Subsidiaries is required to obtain any consent, authorization or order of, or make any filing or
registration with, any court, governmental agency or any regulatory or self-regulatory agency or any other Person (other than (i) the filing with the SEC and applicable state securities commissions of Form D and related filings and
(ii) the filing with the SEC of one or more Registration Statements in accordance with the requirements of the Registration Rights Agreement) in order for it to execute, deliver or perform any of its obligations under or contemplated by the
Transaction Documents, in each case in accordance with the terms hereof or thereof. All consents, authorizations, orders, filings and registrations which the Company is required to obtain pursuant to the preceding sentence will have been obtained or
effected on or prior to the Closing Date, and the Company and its Subsidiaries are unaware of any facts or circumstances which might prevent the Company from obtaining or effecting any of the registration, application or filings pursuant to the
preceding sentence. The Company is not in violation of the listing requirements of the Principal Market and has no knowledge of any facts which would reasonably lead to delisting or suspension of the Common Stock in the foreseeable future.

 (f) Acknowledgment Regarding Buyer’s Purchase of Securities. The Company acknowledges that no Buyer is acting as a financial
advisor or fiduciary of the Company or any of its Subsidiaries (or in any similar capacity) with respect to the Transaction Documents and the transactions contemplated hereby and thereby, and any advice given by a Buyer or any of its representatives
or agents in connection with the Transaction Documents and the transactions contemplated hereby and thereby is merely incidental to such Buyer’s purchase of the Securities. The Company further represents to each Buyer that the Company’s
decision to enter into the Transaction Documents has been based solely on the independent evaluation by the Company and its representatives. 
 (g) No General Solicitation; Placement Agents’ Fees. Neither the Company, nor any of its Subsidiaries or affiliates, nor any Person acting on its or their behalf, has engaged in any form of general solicitation or general
advertising (within the meaning of Regulation D) in connection with the offer or sale of the Securities. The Company shall be responsible for the payment of any placement agent’s fees, financial advisory fees, or brokers’ commissions
(other than for persons engaged by any Buyer or its investment advisor) relating to or arising out of the transactions contemplated hereby. The Company shall pay, and hold each Buyer harmless against, any liability, loss or expense (including,
without limitation, attorney’s fees and out-of-pocket expenses) arising in connection with any claim for such fees and commissions. The Company acknowledges that it has engaged Roth Capital Partners, LLC and Craig-Hallum Capital Partners LLC as
placement agents (the “Placement Agents”) in connection with the sale of the Securities. Other than the Placement Agents, the Company has not engaged any placement agent or other agent in connection with the sale of the Securities.

  

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 (h) No Integrated Offering. None of the Company, its Subsidiaries, any of their affiliates, and
any Person acting on their behalf has, directly or indirectly, made any offers or sales of any security or solicited any offers to buy any security, under circumstances that would require registration of any of the Securities under the 1933 Act or
cause this offering of the Securities to be integrated with prior offerings by the Company for purposes of the 1933 Act or any applicable stockholder approval provisions, including, without limitation, under the rules and regulations of any exchange
or automated quotation system on which any of the securities of the Company are listed or designated. None of the Company, its Subsidiaries, their affiliates and any Person acting on their behalf will take any action or steps referred to in the
preceding sentence that would require registration of any of the Securities under the 1933 Act or cause the offering of the Securities to be integrated with other offerings. 
 (i) Dilutive Effect. The Company understands and acknowledges that the number of Conversion Shares issuable upon conversion of the Notes will
increase in certain circumstances. The Company further acknowledges that its obligation to issue Conversion Shares upon conversion of the Notes in accordance with this Agreement and the Notes is absolute and unconditional regardless of the dilutive
effect that such issuance may have on the ownership interests of other stockholders of the Company. 
 (j) Application of Takeover
Protections; Rights Agreement. The Company and its board of directors have taken all necessary action, if any, in order to render inapplicable any control share acquisition, business combination, poison pill (including any distribution under a
rights agreement) or other similar anti-takeover provision under the Certificate of Incorporation or the laws of the jurisdiction of its formation which is or could become applicable to any Buyer as a result of the transactions contemplated by this
Agreement, including, without limitation, the Company’s issuance of the Securities and any Buyer’s ownership of the Securities. The Company has not adopted a stockholder rights plan or similar arrangement relating to accumulations of
beneficial ownership of Common Stock or a change in control of the Company. 
 (k) SEC Documents; Financial Statements. During the two
(2) years prior to the date hereof, the Company has filed all reports, schedules, forms, statements and other documents required to be filed by it with the SEC pursuant to the reporting requirements of the 1934 Act (all of the foregoing filed
prior to the date hereof and all exhibits included therein and financial statements, notes and schedules thereto and documents incorporated by reference therein being hereinafter referred to as the “SEC Documents”). The Company has
delivered to the Buyers or their respective representatives true, correct and complete copies of the SEC Documents not available on the EDGAR system. As of their respective dates, the SEC Documents complied in all material respects with the
requirements of the 1934 Act and the rules and regulations of the SEC promulgated thereunder applicable to the SEC Documents, and none of the SEC Documents, at the time they were filed with the SEC, contained any untrue statement of a material fact
or omitted to state a material fact required to be stated therein or necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading. As of their respective dates, the financial
statements of the Company included in the SEC Documents complied as to form in all material respects with applicable accounting 

  

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requirements and the published rules and regulations of the SEC with respect thereto. Such financial statements have been prepared in accordance with
generally accepted accounting principles, consistently applied, during the periods involved (except (i) as may be otherwise indicated in such financial statements or the notes thereto, or (ii) in the case of unaudited interim statements,
to the extent they may exclude footnotes or may be condensed or summary statements) and fairly present in all material respects the financial position of the Company as of the dates thereof and the results of its operations and cash flows for the
periods then ended (subject, in the case of unaudited statements, to normal year-end audit adjustments). No other information provided by or on behalf of the Company to the Buyers which is not included in the SEC Documents, including, without
limitation, information referred to in Section 2(d) of this Agreement, contains any untrue statement of a material fact or omits to state any material fact necessary in order to make the statements therein, in the light of the circumstance
under which they are or were made, not misleading. 
 (l) Absence of Certain Changes. Except as disclosed in Schedule 3(l),
since December 31, 2006, there has been no Material Adverse Effect. Except as disclosed in Schedule 3(l), since December 31, 2006, the Company has not (i) declared or paid any dividends, (ii) sold any assets, individually
or in the aggregate, in excess of $100,000 outside of the ordinary course of business or (iii) had capital expenditures, individually or in the aggregate, in excess of $100,000. Neither the Company nor any of its Subsidiaries has taken any
steps to seek protection pursuant to any bankruptcy law nor does the Company have any knowledge or reason to believe that its creditors intend to initiate involuntary bankruptcy proceedings or any actual knowledge of any fact which would reasonably
lead a creditor to do so. The Company is not as of the date hereof, and after giving effect to the transactions contemplated hereby to occur at the Closing, will not be Insolvent (as defined below). For purposes of this Section 3(l),
“Insolvent” means, with respect to any Person (as defined in Section 3(s), (i) the present fair saleable value of such Person’s assets is less than the amount required to pay such Person’s total Indebtedness (as
defined in Section 3(s)), (ii) such Person is unable to pay its debts and liabilities, subordinated, contingent or otherwise, as such debts and liabilities become absolute and matured, (iii) such Person intends to incur or believes
that it will incur debts that would be beyond its ability to pay as such debts mature or (iv) such Person has unreasonably small capital with which to conduct the business in which it is engaged as such business is now conducted and is proposed
to be conducted. 
 (m) No Undisclosed Events, Liabilities, Developments or Circumstances. No event, liability, development or
circumstance has occurred or exists, with respect to the Company, its Subsidiaries or their respective business, properties, prospects, operations or financial condition, that would be required to be disclosed by the Company under applicable
securities laws on a registration statement on Form S-1 filed with the SEC relating to an issuance and sale by the Company of its Common Stock and which has not been publicly announced. 
 (n) Conduct of Business; Regulatory Permits. Neither the Company nor its Subsidiaries is in violation of any term of or in default under any
certificate of designations of any outstanding series of preferred stock of the Company, its Certificate of Incorporation or Bylaws or their organizational charter or articles of incorporation or bylaws, respectively. Neither the Company nor any of
its Subsidiaries is in violation of any judgment, decree or order or any statute, ordinance, rule or regulation applicable to the Company or its Subsidiaries, and 

  

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neither the Company nor any of its Subsidiaries will conduct its business in violation of any of the foregoing, except for possible violations which would
not, individually or in the aggregate, have a Material Adverse Effect. Without limiting the generality of the foregoing, the Company is not in material violation of any of the rules, regulations or requirements of the Principal Market and has no
knowledge of any facts or circumstances which would reasonably lead to delisting or suspension of the Common Stock by the Principal Market in the foreseeable future. During the two years prior to the date hereof, the Common Stock has been designated
for quotation on the Principal Market. During the two years prior to the date hereof, (i) trading in the Common Stock has not been suspended by the SEC or the Principal Market and (ii) the Company has received no communication, written or
oral, from the SEC or the Principal Market regarding the suspension or delisting of the Common Stock from the Principal Market. The Company and its Subsidiaries possess all certificates, authorizations and permits issued by the appropriate
regulatory authorities necessary to conduct their respective businesses, except where the failure to possess such certificates, authorizations or permits would not have, individually or in the aggregate, a Material Adverse Effect, and neither the
Company nor any such Subsidiary has received any notice of proceedings relating to the revocation or modification of any such certificate, authorization or permit. 
 (o) Foreign Corrupt Practices. Neither the Company, nor any of its Subsidiaries, nor any director, officer, agent, employee or other Person acting on behalf of the Company or any of its Subsidiaries has, in the
course of its actions for, or on behalf of, the Company or any of its Subsidiaries (i) used any corporate funds for any unlawful contribution, gift, entertainment or other unlawful expenses relating to political activity; (ii) made any
direct or indirect unlawful payment to any foreign or domestic government official or employee from corporate funds; (iii) violated or is in violation of any provision of the U.S. Foreign Corrupt Practices Act of 1977, as amended; or
(iv) made any unlawful bribe, rebate, payoff, influence payment, kickback or other unlawful payment to any foreign or domestic government official or employee. 
 (p) Sarbanes-Oxley Act. The Company is in compliance with any and all applicable requirements of the Sarbanes-Oxley Act of 2002 that are effective as of the date hereof, and any and all applicable rules and
regulations promulgated by the SEC thereunder that are effective as of the date hereof. 
 (q) Transactions With Affiliates. None of
the officers, directors or employees of the Company is presently a party to any transaction with the Company or any of its Subsidiaries (other than for ordinary course services as employees, officers or directors), including any contract, agreement
or other arrangement providing for the furnishing of services to or by, providing for rental of real or personal property to or from, or otherwise requiring payments to or from any such officer, director or employee or, to the knowledge of the
Company or any of its Subsidiaries, any corporation, partnership, trust or other entity in which any such officer, director, or employee has a substantial interest or is an officer, director, trustee or partner. 
 (r) Equity Capitalization. As of the date hereof, the authorized capital stock of the Company consists of (i) 100,000,000 shares of Common
Stock, of which as of the date hereof, 52,389,284 are issued and outstanding, 8,338,952 shares are reserved for issuance pursuant to the Company’s stock option and purchase plans and 1,230,271 shares are reserved for issuance pursuant to
securities (other than the aforementioned options and the Notes) exercisable 

  

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or exchangeable for, or convertible into, shares of Common Stock, (ii) 5,000,000 shares of preferred stock, par value $0.01, of which as of the date
hereof, no shares are issued and outstanding. All of such outstanding shares have been, or upon issuance will be, validly issued and are fully paid and nonassessable. Except as disclosed in Schedule 3(r): (i) none of the Company’s
capital stock is subject to preemptive rights or any other similar rights or any liens or encumbrances suffered or permitted by the Company; (ii) there are no outstanding options, warrants, scrip, rights to subscribe to, calls or commitments of
any character whatsoever relating to, or securities or rights convertible into, or exercisable or exchangeable for, any capital stock of the Company or any of its Subsidiaries, or contracts, commitments, understandings or arrangements by which the
Company or any of its Subsidiaries is or may become bound to issue additional capital stock of the Company or any of its Subsidiaries or options, warrants, scrip, rights to subscribe to, calls or commitments of any character whatsoever relating to,
or securities or rights convertible into, or exercisable or exchangeable for, any capital stock of the Company or any of its Subsidiaries; (iii) there are no Uniform Commercial Code financing statements securing obligations in any material
amounts, either singly or in the aggregate, filed in connection with the Company or any of its Subsidiaries; (iv) there are no agreements or arrangements under which the Company or any of its Subsidiaries is obligated to register the sale of
any of their securities under the 1933 Act (except pursuant to the Registration Rights Agreement); (v) there are no outstanding securities or instruments of the Company or any of its Subsidiaries which contain any redemption or similar
provisions, and there are no contracts, commitments, understandings or arrangements by which the Company or any of its Subsidiaries is or may become bound to redeem a security of the Company or any of its Subsidiaries; (vi) there are no
securities or instruments containing anti-dilution or similar provisions that will be triggered by the issuance of the Securities; (vii) the Company does not have any stock appreciation rights or “phantom stock” plans or agreements or
any similar plan or agreement; and (viii) the Company and its Subsidiaries have no liabilities or obligations required to be disclosed in the SEC Documents but not so disclosed in the SEC Documents, other than those incurred in the ordinary
course of the Company’s or its Subsidiaries’ respective businesses and which, individually or in the aggregate, do not or would not have a Material Adverse Effect. The Company has furnished to the Buyers (except if the same are available
on Edgar) true, correct and complete copies of the Company’s Certificate of Incorporation, as amended and as in effect on the date hereof (the “Certificate of Incorporation”), and the Company’s Bylaws, as amended and as in
effect on the date hereof (the “Bylaws”) and the terms of all securities convertible into, or exercisable or exchangeable for, shares of Common Stock and the material rights of the holders thereof in respect thereto. 
 (s) Indebtedness and Other Contracts. Except as disclosed in Schedule 3(s), neither the Company nor any of its Subsidiaries (i) has
any outstanding Indebtedness (as defined below), which is either secured (other than Purchase Money Indebtedness or capitalized lease obligations) or which exceeds $250,000 individually, or $1,000,000 in the aggregate or (ii) is in violation of
any term of or in default under any contract, agreement or instrument relating to any Indebtedness, except where such violations and defaults would not result, individually or in the aggregate, in a Material Adverse Effect. Schedule 3(s)
provides a detailed description of the material terms of any such outstanding Indebtedness. For purposes of this Agreement: (w) “Purchase Money Indebtedness” means Indebtedness of the Company or any Subsidiary incurred solely
for the purpose of financing all or any part of the purchase price, or the cost of construction or improvement of any equipment; provided, however, that the aggregate principal 

  

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amount of any such Indebtedness does not exceed the lesser of the fair market value of such equipment, as determined in the good faith judgment of the Board
of Directors, or such purchase price or cost, including any refinancing of such Indebtedness that does not increase the aggregate principal amount (or accreted amount, if less) thereof as of the date of refinancing, ,
(x) “Indebtedness” of any Person means, without duplication (A) all indebtedness for borrowed money, (B) all obligations issued, undertaken or assumed as the deferred purchase price of property or services, including
(without limitation) “capital leases” in accordance with generally accepted accounting principles (other than trade payables entered into in the ordinary course of business), (C) all reimbursement or payment obligations with respect
to letters of credit, surety bonds and other similar instruments, (D) all obligations evidenced by notes, bonds, debentures or similar instruments, including obligations so evidenced incurred in connection with the acquisition of property,
assets or businesses, (E) all indebtedness created or arising under any conditional sale or other title retention agreement, or incurred as financing, in either case with respect to any property or assets acquired with the proceeds of such
indebtedness (even though the rights and remedies of the seller or bank under such agreement in the event of default are limited to repossession or sale of such property) (other than unsecured trade payables entered into in the ordinary course of
business and not outstanding for more than 120 days after the date such payable was created), (F) all indebtedness referred to in clauses (A) through (E) above secured by (or for which the holder of such Indebtedness has an existing
right, contingent or otherwise, to be secured by) any mortgage, lien, pledge, charge, security interest or other encumbrance upon or in any property or assets (including accounts and contract rights) owned by any Person, even though the Person which
owns such assets or property has not assumed or become liable for the payment of such indebtedness, and (G) all Contingent Obligations in respect of indebtedness or obligations of others of the kinds referred to in clauses (A) through
(F) above; (y) “Contingent Obligation” means, as to any Person, any direct or indirect liability, contingent or otherwise, of that Person with respect to any Indebtedness, lease, dividend or other obligation of another
Person if the primary purpose or intent of the Person incurring such Indebtedness, or the primary effect thereof, is to provide assurance to the obligee of such liability that such liability will be paid or discharged, or that any agreements
relating thereto will be complied with, or that the holders of such Indebtedness will be protected (in whole or in part) against loss with respect thereto; and (z) “Person” means an individual, a limited liability company, a
partnership, a joint venture, a corporation, a trust, an unincorporated organization and a government or any department or agency thereof. 
 (t) Absence of Litigation. There is no action, suit, proceeding, inquiry or investigation before or by the Principal Market, any court, public board, government agency, self-regulatory organization or body pending or, to the
knowledge of the Company, threatened against or affecting the Company or any of its Subsidiaries, the Common Stock or any of the Company’s Subsidiaries or any of the Company’s or its Subsidiaries’ officers or directors in their
capacities as such, except as set forth in Schedule 3(t). 
 (u) Insurance. The Company and each of its Subsidiaries are
insured by insurers of recognized financial responsibility against such losses and risks and in such amounts as management of the Company believes to be prudent and customary in the businesses in which the Company and its Subsidiaries are engaged.
Neither the Company nor any such Subsidiary has been refused any insurance coverage sought or applied for and neither the Company nor any such Subsidiary has any reason to believe that it will not be able to renew its existing insurance 

  

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coverage as and when such coverage expires or to obtain similar coverage from similar insurers as may be necessary to continue its business at a cost that
would not have a Material Adverse Effect. 
 (v) Employee Relations. 
 (i) Neither the Company nor any of its Subsidiaries is a party to any collective bargaining agreement or employs any member of a union. No executive
officer of the Company or any of its Subsidiaries (as defined in Rule 501(f) of the 1933 Act) has notified the Company or any such Subsidiary that such officer intends to leave the Company or any such Subsidiary or otherwise terminate such
officer’s employment with the Company or any such Subsidiary. No executive officer of the Company or any of its Subsidiaries, to the knowledge of the Company, is in violation of any term of any employment contract, confidentiality, disclosure
or proprietary information agreement, non-competition agreement, or any other contract or agreement or any restrictive covenant that will cause a Material Adverse Effect, and the continued employment of each such executive officer does not subject
the Company or any of its Subsidiaries to any liability with respect to any of the foregoing matters. 
 (ii) The Company and its
Subsidiaries are in compliance with all federal, state, local and foreign laws and regulations respecting labor, employment and employment practices and benefits, terms and conditions of employment and wages and hours, except where failure to be in
compliance would not, either individually or in the aggregate, reasonably be expected to result in a Material Adverse Effect. 
 (w)
Title. Except as set forth on Schedule 3(w), The Company and its Subsidiaries have good and marketable title in fee simple to all real property and good and marketable title to all personal property owned by them which is material to
the business of the Company and its Subsidiaries, in each case free and clear of all liens, encumbrances and defects except such as do not materially affect the value of such property and do not interfere with the use made and proposed to be made of
such property by the Company and any of its Subsidiaries. Any real property and facilities held under lease by the Company and any of its Subsidiaries are held by them under valid, subsisting and enforceable leases with such exceptions as are not
material and do not interfere with the use made and proposed to be made of such property and buildings by the Company and its Subsidiaries. 
 (x) Intellectual Property Rights. The Company and the Subsidiaries have, or have rights to use, all trademarks, trade names, service marks, service mark registrations, service names, patents, patent rights, copyrights, inventions,
licenses, approvals, governmental authorizations, trade secrets and other intellectual property rights that are necessary or material for use in connection with their respective businesses as described in the SEC Documents and which the failure to
so have would, individually or in the aggregate, have or reasonably be expected to result in a Material Adverse Effect (collectively, the “Intellectual Property Rights”). The Company does not have any knowledge of any infringement
by the Company or its Subsidiaries of Intellectual Property Rights of others. Except as set forth in the SEC Documents, to the knowledge of the Company, all such Intellectual Property Rights are enforceable and there is no existing infringement by
another Person of any of the Intellectual Property Rights The Company and its Subsidiaries have taken reasonable security measures to protect the secrecy, confidentiality and value of all of their intellectual properties. 
  

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 (y) Environmental Laws. The Company and its Subsidiaries (i) are in compliance with any and
all Environmental Laws (as hereinafter defined), (ii) have received all permits, licenses or other approvals required of them under applicable Environmental Laws to conduct their respective businesses and (iii) are in compliance with all
terms and conditions of any such permit, license or approval where, in each of the foregoing clauses (i), (ii) and (iii), the failure to so comply could be reasonably expected to have, individually or in the aggregate, a Material Adverse
Effect. The term “Environmental Laws” means all federal, state, local or foreign laws relating to pollution or protection of human health or the environment (including, without limitation, ambient air, surface water, groundwater,
land surface or subsurface strata), including, without limitation, laws relating to emissions, discharges, releases or threatened releases of chemicals, pollutants, contaminants, or toxic or hazardous substances or wastes (collectively,
“Hazardous Materials”) into the environment, or otherwise relating to the manufacture, processing, distribution, use, treatment, storage, disposal, transport or handling of Hazardous Materials, as well as all authorizations, codes,
decrees, demands or demand letters, injunctions, judgments, licenses, notices or notice letters, orders, permits, plans or regulations issued, entered, promulgated or approved thereunder. 
 (z) Subsidiary Rights. The Company or one of its Subsidiaries has the unrestricted right to vote, and (subject to limitations imposed by
applicable law) to receive dividends and distributions on, all capital securities of its Subsidiaries as owned by the Company or such Subsidiary. 
 (aa) Investment Company Status. The Company is not, and upon consummation of the sale of the Securities will not be, an “investment company,” a company controlled by an “investment company” or an “affiliated
person” of, or “promoter” or “principal underwriter” for, an “investment company” as such terms are defined in the Investment Company Act of 1940, as amended. 
 (bb) Tax Status. The Company and each of its Subsidiaries (i) has made or filed all material foreign, federal and state income and all other
tax returns, reports and declarations required by any jurisdiction to which it is subject, (ii) has paid all taxes and other governmental assessments and charges that are material in amount, shown or determined to be due on such returns,
reports and declarations, except those being contested in good faith and for which the Company or the applicable Subsidiary has set aside on its books provision reasonably adequate for the payment of all taxes for the periods to which such returns,
reports or declarations apply and (iii) has set aside on its books provision reasonably adequate for the payment of all taxes due for all current periods subsequent to the periods to which such returns, reports or declarations apply. There are
no unpaid taxes in any material amount claimed in writing to be due by the taxing authority of any jurisdiction, and the officers of the Company know of no basis for any such claim that would exceed any accruals and reserves on the books of the
Company and its Subsidiaries. 
 (cc) Internal Accounting Controls. The Company and the Subsidiaries maintain a system of internal
accounting controls sufficient to provide reasonable assurance that 

  

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(i) transactions are executed in accordance with management’s general or specific authorizations, (ii) transactions are recorded as necessary
to permit preparation of financial statements in conformity with generally accepted accounting principles and to maintain asset accountability, (iii) access to assets is permitted only in accordance with management’s general or specific
authorization, and (iv) the recorded accountability for assets is compared with the existing assets at reasonable intervals and appropriate action is taken with respect to any differences. The Company has established disclosure controls and
procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the 1934 Act) for the Company and designed such disclosure controls and procedures to ensure that material information relating to the Company, including its Subsidiaries, is made known
to the certifying officers by others within those entities, particularly during the period in which the Company’s Form 10-K or 10-Q, as the case may be, is being prepared. The Company’s certifying officers have evaluated the effectiveness
of the Company’s controls and procedures in accordance with Item 307 of Regulation S-K under the 1934 Act for the Company’s most recently ended fiscal quarter or fiscal year-end (such date, the “Evaluation Date”). The
Company presented in its most recently filed Form 10-K or Form 10-Q the conclusions of the certifying officers about the effectiveness of the disclosure controls and procedures based on their evaluations as of the Evaluation Date. Since the
Evaluation Date, there have been no material changes in the Company’s internal controls (as such term is defined in Item 308(c) of Regulation S-K under the 1934 Act) or, to the Company’s knowledge, in other factors that would
materially affect the Company’s internal controls. 
 (dd) Off Balance Sheet Arrangements. There is no transaction, arrangement,
or other relationship between the Company and an unconsolidated or other off balance sheet entity that is required to be disclosed by the Company in its 1934 Act filings and is not so disclosed or that otherwise would be reasonably likely to have a
Material Adverse Effect. 
 (ee) Ranking of Notes. Except as set forth on Schedule 3(ee), no Indebtedness of the Company, other
than Permitted Pari Passu Indebtedness, is senior to or ranks pari passu with the Notes in right of payment, whether with respect of payment of redemptions, interest, damages or upon liquidation or dissolution or otherwise. 
 (ff) Transfer Taxes. On the Closing Date, all stock transfer or other taxes (other than income or similar taxes) which are required to be paid in
connection with the sale and transfer of the Securities to be sold to each Buyer hereunder will be, or will have been, fully paid or provided for by the Company, and all laws imposing such taxes will be or will have been complied with. 

(gg) Manipulation of Price. The Company has not, and to its knowledge no one acting on its behalf has, (i) taken, directly or indirectly,
any action designed to cause or to result in the stabilization or manipulation of the price of any security of the Company to facilitate the sale or resale of any of the Securities, (ii) other than the Placement Agents, sold, bid for,
purchased, or paid any compensation for soliciting purchases of, any of the Securities, or (iii) other than the Placement Agents, paid or agreed to pay to any person any compensation for soliciting another to purchase any other securities of
the Company. 
 (hh) Acknowledgement Regarding Buyers’ Trading Activity. It is understood and acknowledged by the Company that
(i) except as provided in Section 2(k), none of the 

  

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Buyers have been asked to agree, nor has any Buyer agreed, to desist from purchasing or selling, long and/or short, securities of the Company, or
“derivative” securities based on securities issued by the Company or to hold the Securities for any specified term; (ii) except as provided in Section 2(k), any Buyer, and counter parties in “derivative” transactions to
which any such Buyer is a party, directly or indirectly, presently may have a “short” position in the Common Stock, and (iii) each Buyer shall not be deemed by the Company to have any affiliation with or control over any arm’s
length counter-party in any “derivative” transaction. The Company further understands and acknowledges that (a) one or more Buyers may engage in hedging and/or trading activities at various times during the period that the Securities
are outstanding, including, without limitation, during the periods that the value of the Conversion Shares are being determined and (b) such hedging and/or trading activities, if any, can reduce the value of the existing stockholders’
equity interest in the Company both at and after the time the hedging and/or trading activities are being conducted. The Company acknowledges that such aforementioned hedging and/or trading activities do not constitute a breach of this Agreement,
the Notes or any of the documents executed in connection herewith. 
 (ii) U.S. Real Property Holding Corporation. The Company is not,
nor has ever been, a U.S. real property holding corporation within the meaning of Section 897 of the Internal Revenue Code of 1986, as amended, and the Company shall so certify upon Buyer’s request. 
 (jj) Bank Holding Company Act. Neither the Company nor any of its Subsidiaries is subject to the Bank Holding Company Act of 1956, as amended (the
“BHCA”) and to regulation by the Board of Governors of the Federal Reserve System (the “Federal Reserve”). Neither the Company nor any of its Subsidiaries or affiliates owns or controls, directly or indirectly, five
percent (5%) or more of the outstanding shares of any class of voting securities or twenty-five (25%) or more of the total equity of a bank or any equity that is subject to the BHCA and to regulation by the Federal Reserve. Neither the
Company nor any of its Subsidiaries or affiliates exercises a controlling influence over the management or policies of a bank or any entity that is subject to the BHCA and to regulation by the Federal Reserve. 
 (kk) Disclosure. The Company confirms that neither it nor any other Person acting on its behalf has provided any of the Buyers or their agents or
counsel (other than any Buyer whose representative is involved in the management of, or is on the Board of Directors of, the Company) with any information that constitutes or could reasonably be expected to constitute material, nonpublic
information. The Company understands and confirms that each of the Buyers will rely on the foregoing representations in effecting transactions in securities of the Company. All disclosure provided to the Buyers regarding the Company, or any of its
Subsidiaries, their business and the transactions contemplated hereby, including the Schedules to this Agreement, furnished by or on behalf of the Company is true and correct and does not contain any untrue statement of a material fact or omit to
state any material fact necessary in order to make the statements made therein, in the light of the circumstances under which they were made, not misleading. No event or circumstance has occurred or information exists with respect to the Company or
any of its Subsidiaries or its or their business, properties, prospects, operations or financial conditions, which, under applicable law, rule or regulation, requires public disclosure or announcement by the Company but which has not been so
publicly announced or disclosed. 
  

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 4. COVENANTS. 
 (a) Best Efforts. Each party shall use its best efforts timely to satisfy each of the conditions to be satisfied by it as provided in Sections 6 and 7 of this Agreement. 
 (b) Form D and Blue Sky. The Company agrees to file a Form D with respect to the Securities as required under Regulation D and to provide a copy
thereof to each Buyer promptly after such filing. The Company shall, on or before the Closing Date, take such action as the Company shall reasonably determine is necessary in order to obtain an exemption for or to qualify the Securities for sale to
the Buyers at the Closing pursuant to this Agreement under applicable securities or “Blue Sky” laws of the states of the United States (or to obtain an exemption from such qualification), and shall provide evidence of any such action so
taken to the Buyers on or prior to the Closing Date. The Company shall make all filings and reports relating to the offer and sale of the Securities required under applicable securities or “Blue Sky” laws of the states of the United States
following the Closing Date. 
 (c) Reporting Status. Until the date on which the Investors (as defined in the Registration Rights
Agreement) shall have sold all the Conversion Shares and none of the Notes is outstanding (the “Reporting Period”), the Company shall timely file all reports required to be filed with the SEC pursuant to the 1934 Act, and the
Company shall not terminate its status as an issuer required to file reports under the 1934 Act even if the 1934 Act or the rules and regulations thereunder would permit such termination. 
 (d) Use of Proceeds. The Company will use the proceeds from the sale of the Securities for general corporate and for working capital purposes and
not for (i) the repayment of any outstanding Indebtedness of the Company or any of its Subsidiaries, (ii) the redemption or repurchase of any of its or its Subsidiaries’ equity securities or (iii) the settlement of any claims,
actions or proceedings against the Company or any of its Subsidiaries, other than the settlement of any claims, actions or proceedings in the ordinary course of business with customers of the Company in an aggregate amount not to exceed $500,000.

 (e) Financial Information. The Company agrees to send the following to each Investor (as defined in the Registration Rights
Agreement) during the Reporting Period (i) unless the following are filed with the SEC through EDGAR and are available to the public through the EDGAR system, (i) within one (1) Business Day after the filing thereof with the SEC, a
copy of its Annual Reports and Quarterly Reports on Form 10-K, 10-KSB, 10-Q or 10-QSB, any Current Reports on Form 8-K and any registration statements (other than on Form S-8) or amendments filed pursuant to the 1933 Act, (ii) on the same day
as the release thereof, facsimile or e-mailed copies of all press releases (unless released on the Business Wire) issued by the Company or any of its Subsidiaries and (iii) copies of any notices and other information made available or given to
the stockholders of the Company generally, contemporaneously with the making available or giving thereof to the stockholders. As used herein, “Business Day” means any day other than Saturday, Sunday or other day on which commercial
banks in The City of New York are authorized or required by law to remain closed. 
 (f) Listing. The Company shall promptly secure
the listing of all of the Registrable Securities (as defined in the Registration Rights Agreement) upon each national 

  

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securities exchange and automated quotation system, if any, upon which the Common Stock is then listed (subject to official notice of issuance) and shall
maintain such listing of all Registrable Securities from time to time issuable under the terms of the Transaction Documents. The Company shall maintain the Common Stocks’ authorization for quotation on the Principal Market. Neither the Company
nor any of its Subsidiaries shall take any action which would be reasonably expected to result in the delisting or suspension of the Common Stock on the Principal Market. The Company shall pay all fees and expenses in connection with satisfying its
obligations under this Section 4(f). 
 (g) Fees. The Company shall reimburse Highbridge International LLC (a Buyer) or its
designee(s) (in addition to any other expense amounts paid to any Buyer prior to the date of this Agreement) for all reasonable costs and expenses incurred in connection with the transactions contemplated by the Transaction Documents (including all
reasonable legal fees and disbursements in connection therewith, documentation and implementation of the transactions contemplated by the Transaction Documents and due diligence in connection therewith), not to exceed $98,500, which amount may be
withheld by such Buyer from its Purchase Price at the Closing. The Company shall be responsible for the payment of any placement agent’s fees, financial advisory fees, or broker’s commissions (other than for Persons engaged by any Buyer)
relating to or arising out of the transactions contemplated hereby, including, without limitation, any fees or commissions payable to the Placement Agents. The Company shall pay, and hold each Buyer harmless against, any liability, loss or expense
(including, without limitation, reasonable attorney’s fees and out-of-pocket expenses) arising in connection with any claim relating to any such payment (including, without limitation, to the Placement Agents). Except as otherwise set forth in
the Transaction Documents, each party to this Agreement shall bear its own expenses in connection with the sale of the Securities to the Buyers. 
 (h) Pledge of Securities. The Company acknowledges and agrees that the Securities may be pledged by an Investor (as defined in the Registration Rights Agreement) in connection with a bona fide margin agreement or other loan or
financing arrangement that is secured by the Securities. The pledge of Securities shall not be deemed to be a transfer, sale or assignment of the Securities hereunder, and no Investor effecting a pledge of Securities shall be required to provide the
Company with any notice thereof or otherwise make any delivery to the Company pursuant to this Agreement or any other Transaction Document, including, without limitation, Section 2(f) hereof; provided that an Investor and its pledgee shall be
required to comply with the provisions of Section 2(f) hereof in order to effect a sale, transfer or assignment of Securities to such pledgee. The Company hereby agrees to execute and deliver such documentation as a pledgee of the Securities
may reasonably request in connection with a pledge of the Securities to such pledgee by an Investor. 
 (i) Disclosure of Transactions and
Other Material Information. On or before 8:30 a.m., New York City time, on the date of this Agreement, the Company shall issue a press release (and each Buyer shall be consulted by the Company in connection with such press release prior to its
release) and file a Current Report on Form 8-K describing the terms of the transactions contemplated by the Transaction Documents in the form required by the 1934 Act and attaching the material Transaction Documents (including, without limitation,
this Agreement, the form of the Notes and the form the Registration Rights Agreement as exhibits to such filing (including all attachments, the “8-K Filing”). From and 

  

 - 18 - 

 
after the filing of the 8-K Filing with the SEC, no Buyer (other than any Buyer whose representative is involved in the management of, or is on the Board of
Directors of, the Company) shall be in possession of any material, nonpublic information received from the Company, any of its Subsidiaries or any of their respective officers, directors, employees or agents, that is not disclosed in the 8-K Filing.
The Company shall not, and shall cause each of its Subsidiaries and its and each of their respective officers, directors, employees and agents, not to, provide any Buyer with any material, nonpublic information regarding the Company or any of its
Subsidiaries from and after the filing of the 8-K Filing with the SEC without the express written consent of such Buyer. The Company shall, within two (2) Trading Days (as defined in the Notes) of receipt of such notice, make public disclosure
of such material, nonpublic information. Without the prior written consent of any applicable Buyer, neither the Company nor any of its Subsidiaries or affiliates shall disclose the name of such Buyer in any filing, announcement, release or
otherwise. 
 (j) Additional Notes; Variable Securities; Dilutive Issuances. So long as any Buyer beneficially owns any Notes, the
Company will not issue any Notes other than to the Buyers as contemplated hereby, and the Company shall not issue any other securities that would cause a breach or default under the Notes. For so long as any Notes remain outstanding, the Company
shall not, in any manner, issue or sell any rights, warrants or options to subscribe for or purchase Common Stock or directly or indirectly convertible into or exchangeable or exercisable for Common Stock at a price which varies or may vary with the
market price of the Common Stock, including by way of one or more reset(s) to any fixed price unless the conversion, exchange or exercise price of any such security cannot be less than the then applicable Conversion Price (as defined in the Notes)
with respect to the Common Stock into which any Note is convertible. For so long as any Notes remain outstanding, the Company shall not, in any manner, enter into or affect any Dilutive Issuance (as defined in the Notes) if the effect of such
Dilutive Issuance is to cause the Company to be required to issue upon conversion of any Note any shares of Common Stock in excess of that number of shares of Common Stock which the Company may issue upon conversion of the Notes without breaching
the Company’s obligations under the rules or regulations of the Principal Market or any applicable Eligible Market (as defined in the Registration Rights Agreement). 
 (k) Corporate Existence. So long as any Buyer beneficially owns any Notes, the Company shall not be party to any Fundamental Transaction (as defined in the Notes) unless the Company is in compliance with the
applicable provisions governing Fundamental Transactions set forth in the Notes. 
 (l) Reservation of Shares. So long as any Buyer
owns any Securities, the Company shall take all action necessary to at all times have authorized, and reserved for the purpose of issuance, no less than the maximum number of shares of Common Stock issuable upon conversion of the Notes (including
the shares of Common Stock issuable as a Make-Whole Premium). 
 (m) Conduct of Business. The business of the Company and its
Subsidiaries shall not be conducted in violation of any law, ordinance or regulation of any governmental entity, except where such violations would not result, either individually or in the aggregate, in a Material Adverse Effect. 
  

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 (n) Additional Issuances of Securities. 
 (i) For purposes of this Section 4(n), the following definitions shall apply. 
 (1) “Convertible Securities” means any stock or securities (other than Options) convertible into or exercisable or
exchangeable for shares of Common Stock. 
 (2) “Options” means any rights, warrants or options to subscribe
for or purchase shares of Common Stock or Convertible Securities. 
 (3) “Common Stock Equivalents” means,
collectively, Options and Convertible Securities. 
 (ii) From the date hereof until the Effective Date (as defined in the Registration
Rights Agreement) (the “Trigger Date”), the Company will not, directly or indirectly, file any registration statement with the SEC other than the Registration Statement (as defined in the Registration Rights Agreement). From the
date hereof until the Trigger Date, the Company will not, (i) directly or indirectly, offer, sell, grant any option to purchase, or otherwise dispose of (or announce any offer, sale, grant or any option to purchase or other disposition of) any
of its or its Subsidiaries’ equity or equity equivalent securities, including without limitation any debt, preferred stock or other instrument or security that is, at any time during its life and under any circumstances, convertible into or
exchangeable or exercisable for shares of Common Stock or Common Stock Equivalents (any such offer, sale, grant, disposition or announcement being referred to as a “Subsequent Placement”) or (ii) be party to any solicitations,
negotiations or discussions with regard to the foregoing. 
 (iii) From the Trigger Date until the eighteen (18) month anniversary of
the Trigger Date, the Company will not, directly or indirectly, effect any Subsequent Placement unless the Company shall have first complied with this Section 4(n)(iii). 
 (1) The Company shall deliver to each Buyer an irrevocable written notice (the “Offer Notice”) of any proposed or
intended issuance or sale or exchange (the “Offer”) of the securities being offered (the “Offered Securities”) in a Subsequent Placement, which Offer Notice shall (w) identify and describe the Offered
Securities, (x) describe the price and other terms upon which they are to be issued, sold or exchanged, and the number or amount of the Offered Securities to be issued, sold or exchanged, (y) identify the persons or entities (if known) to
which or with which the Offered Securities are to be offered, issued, sold or exchanged and (z) offer to issue and sell to or exchange with such Buyers no less than 30% of the Offered Securities, allocated among such Buyers (a) based on
such Buyer’s pro rata portion of the aggregate principal amount of Notes purchased hereunder (the “Basic Amount”), and (b) with respect to each Buyer that elects to purchase its Basic Amount, any additional portion of the
Offered Securities attributable to the Basic Amounts of other Buyers as such Buyer shall indicate it will purchase or acquire should the other Buyers subscribe for less than their Basic Amounts (the “Undersubscription Amount”),
which process shall be repeated until the Buyers shall have an opportunity to subscribe for any remaining Undersubscription Amount. 
  

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 (2) To accept an Offer, in whole
or in part, such Buyer must deliver a written notice to the Company prior to the end of the third (3rd) Business Day after such Buyer’s receipt
of the Offer Notice (the “Offer Period”), setting forth the portion of such Buyer’s Basic Amount that such Buyer elects to purchase and, if such Buyer shall elect to purchase all of its Basic Amount, the Undersubscription
Amount, if any, that such Buyer elects to purchase (in either case, the “Notice of Acceptance”). If the Basic Amounts subscribed for by all Buyers are less than the total of all of the Basic Amounts, then each Buyer who has set
forth an Undersubscription Amount in its Notice of Acceptance shall be entitled to purchase, in addition to the Basic Amounts subscribed for, the Undersubscription Amount it has subscribed for; provided, however, that if the
Undersubscription Amounts subscribed for exceed the difference between the total of all the Basic Amounts and the Basic Amounts subscribed for (the “Available Undersubscription Amount”), each Buyer who has subscribed for any
Undersubscription Amount shall be entitled to purchase only that portion of the Available Undersubscription Amount as the Basic Amount of such Buyer bears to the total Basic Amounts of all Buyers that have subscribed for Undersubscription Amounts,
subject to rounding by the Company to the extent its deems reasonably necessary. Notwithstanding anything to the contrary contained herein, if the Company desires to materially modify or amend the terms and conditions of the Offer prior to the
expiration of the Offer Period, the Company may deliver to the Buyers a new Offer Notice and the Offer Period shall expire on the third (3rd) Business Day after such Buyer’s receipt of such new Offer Notice. 
 (3) The Company shall have ten (10) Business Days from the expiration of the Offer Period above (i) to offer, issue, sell or
exchange all or any part of such Offered Securities as to which a Notice of Acceptance has not been given by the Buyers (the “Refused Securities”), but only to the offerees described in the Offer Notice (if so described therein) and
only upon terms and conditions (including, without limitation, unit prices and interest rates) that are not more favorable to the acquiring person or persons or less favorable to the Company than those set forth in the Offer Notice and (ii) to
publicly announce (a) the execution of such Subsequent Placement Agreement, and (b) either (x) the consummation of the transactions contemplated by such Subsequent Placement Agreement or (y) the termination of such Subsequent
Placement Agreement, which shall be filed with the SEC on a Current Report on Form 8-K with such Subsequent Placement Agreement and any documents contemplated therein filed as exhibits thereto. 
 (4) In the event the Company shall propose to sell less than all the Refused Securities (any such sale to be in the manner and on the
terms specified in Section 4(n)(iii)(3) above), then each Buyer may, at its sole option and in its sole discretion, reduce the number or amount of the Offered Securities specified in its Notice of Acceptance to an amount that shall be not less
than the number or amount of the Offered Securities that such Buyer elected to purchase pursuant to Section 4(n)(iii)(2) above multiplied by a fraction, (i) the numerator of which shall be the number or amount 

  

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of Offered Securities the Company actually proposes to issue, sell or exchange (including Offered Securities to be issued or sold to Buyers pursuant to
Section 4(n)(iii)(3) above prior to such reduction) and (ii) the denominator of which shall be the original amount of the Offered Securities. In the event that any Buyer so elects to reduce the number or amount of Offered Securities
specified in its Notice of Acceptance, the Company may not issue, sell or exchange more than the reduced number or amount of the Offered Securities unless and until such securities have again been offered to the Buyers in accordance with
Section 4(n)(iii)(1) above. 
 (5) Upon the closing of the issuance, sale or exchange of all or less than all of the
Refused Securities, the Buyers shall acquire from the Company, and the Company shall issue to the Buyers, the number or amount of Offered Securities specified in the Notices of Acceptance, as reduced pursuant to Section 4(n)(iii)(3) above if
the Buyers have so elected, upon the terms and conditions specified in the Offer. The purchase by the Buyers of any Offered Securities is subject in all cases to the preparation, execution and delivery by the Company and the Buyers of a purchase
agreement relating to such Offered Securities reasonably satisfactory in form and substance to the Buyers and their respective counsel. 
 (6) Any Offered Securities not acquired by the Buyers or other persons in accordance with Section 4(n)(iii)(3) above may not be issued, sold or exchanged until they are again offered to the Buyers under the
procedures specified in this Agreement. 
 (7) The Company and the Buyers agree that if any Buyer elects to participate in
the Offer, (x) neither the agreement regarding the Subsequent Placement (the “Subsequent Placement Agreement”) with respect to such Offer nor any other transaction documents related thereto (collectively, the
“Subsequent Placement Documents”) shall include any term or provisions whereby any Buyer shall be required to agree to any restrictions in trading as to any securities of the Company owned by such Buyer prior to such Subsequent
Placement, and (y) any registration rights set forth in such Subsequent Placement Documents shall be similar in all material respects to the registration rights contained in the Registration Rights Agreement. 
 (8) Notwithstanding anything to the contrary in this Section 4(n) and unless
otherwise agreed to by the Buyers, the Company shall either confirm in writing to the Buyers that the transaction with respect to the Subsequent Placement has been abandoned or shall publicly disclose its intention to issue the Offered Securities,
in either case in such a manner such that the Buyers will not be in possession of material non-public information, by the eighteenth (18th) Business
Day following delivery of the Offer Notice. If by the eighteenth (18th) Business Day following delivery of the Offer Notice no public disclosure
regarding a transaction with respect to the Offered Securities has been made, and no notice regarding the abandonment of such transaction has been received by the Buyers, such transaction shall be deemed to have been abandoned and the Buyers shall
not be deemed to be in possession of any material, non-public information with respect to the Company. Should the Company decide to pursue such transaction with respect to the Offered Securities, the Company shall provide each Buyer with 

  

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another Offer Notice and each Buyer will again have the right of participation set forth in this Section 4(n)(iii). The Company shall not be permitted
to deliver more than one such Offer Notice to the Buyers in any 60 day period. 
 (iv) The restrictions contained in subsections
(ii) and (iii) of this Section 4(n) shall not apply in connection with the issuance of any Excluded Securities. As used herein, (x) “Excluded Securities” means any Common Stock issued or issuable: (I) in
connection with any Approved Stock Plan; (II) upon conversion of the Notes; (III) pursuant to any bona fide firm commitment underwritten public offering which generates gross proceeds to the Company in excess of $25,000,000 (other than an
“at-the-market offering” as defined in Rule 415(a)(4) under the 1933 Act and “equity lines”); (IV) in connection with any business acquisition or transaction by the Company, whether through an acquisition of stock or a merger of
any business, assets or technologies and the primary purpose of which is not to raise equity capital; and (V) upon exercise of any Options or Convertible Securities which are outstanding on the day immediately preceding the Subscription Date,
provided that the terms of such Options or Convertible Securities are not amended, modified or changed on or after the Subscription Date and (y) “Approved Stock Plan” means any employee benefit plan which has been approved by
the Board of Directors of the Company, pursuant to which the Company’s securities may be issued to any employee, consultant, officer or director for services provided to the Company. 
 (o) Certain Trading Activities. Each Buyer hereby covenants and agrees not to, and shall cause its Trading Affiliates not to, engage, directly or
indirectly, in any transactions in the securities of the Company or involving the Company’s securities during the period from the date hereof until such time as (i) the transactions contemplated by this Agreement are first publicly
announced as described in Section 4(i) hereof or (ii) this Agreement is terminated in full pursuant to Section 8 hereof. 
 (p) Closing Documents. On or prior to fourteen (14) calendar days after the Closing Date, the Company agrees to deliver, or cause to be delivered, to each Buyer and Schulte Roth & Zabel LLP executed copies of the
Transaction Documents, Securities and other document required to be delivered to any party pursuant to Section 7 hereof. 
 5.
REGISTER; TRANSFER AGENT INSTRUCTIONS. 
 (a) Register. The Company shall maintain at its principal executive offices (or such
other office or agency of the Company as it may designate by notice to each holder of Securities a register for the Notes in which the Company shall record the name and address of the Person in whose name the Notes have been issued (including the
name and address of each transferee), the principal amount of Notes held by such Person and the number of Conversion Shares issuable upon conversion of the Notes held by such Person. The Company shall keep the register open and available at all
times during business hours for inspection of any Buyer or its legal representatives. 
 (b) Transfer Agent Instructions. The Company
shall issue irrevocable instructions to its transfer agent, and any subsequent transfer agent, to issue certificates or credit shares to the applicable balance accounts at The Depository Trust Company (“DTC”), registered in the name
of each Buyer or its respective nominee(s), for the Conversion Shares upon 

  

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conversion of the Notes in such amounts as specified from time to time by each Buyer to the Company, including upon conversion of the Notes in the form of
Exhibit C (the “Irrevocable Transfer Agent Instructions”). The Company warrants that no instruction other than the Irrevocable Transfer Agent Instructions referred to in this Section 5(b), and stop transfer instructions
to give effect to Section 2(g) hereof, will be given by the Company to its transfer agent, and that the Securities shall otherwise be freely transferable on the books and records of the Company as and to the extent provided in this Agreement
and the other Transaction Documents. If a Buyer effects a sale, assignment or transfer of the Conversion Shares in accordance with Section 2(f), the Company shall permit the transfer and shall promptly instruct its transfer agent to issue one
or more certificates or credit shares to the applicable balance accounts at DTC in such name and in such denominations as specified by such Buyer to effect such sale, transfer or assignment. In the event that such sale, assignment or transfer
involves Conversion Shares sold, assigned or transferred pursuant to an effective registration statement or pursuant to Rule 144, the transfer agent shall issue such Securities to the Buyer, assignee or transferee, as the case may be, without any
restrictive legend. The Company acknowledges that a breach by it of its obligations hereunder will cause irreparable harm to a Buyer. Accordingly, the Company acknowledges that the remedy at law for a breach of its obligations under this
Section 5(b) will be inadequate and agrees, in the event of a breach or threatened breach by the Company of the provisions of this Section 5(b), that a Buyer shall be entitled, in addition to all other available remedies, to an order
and/or injunction restraining any breach and requiring immediate issuance and transfer, without the necessity of showing economic loss and without any bond or other security being required. 
 6. CONDITIONS TO THE COMPANY’S OBLIGATION TO SELL. 
 The obligation of the Company hereunder to issue and sell the Notes to each Buyer at the Closing is subject to the satisfaction, at or before the Closing Date, of each of the following conditions, provided that these
conditions are for the Company’s sole benefit and may be waived by the Company at any time in its sole discretion by providing each Buyer with prior written notice thereof: 
 (i) Such Buyer shall have executed each of the Transaction Documents to which it is a party and delivered the same to the Company. 
 (ii) Such Buyer and each other Buyer shall have delivered to the Company the Purchase Price (less, in the case of Highbridge International LLC, any
amounts withheld pursuant to Section 4(g)) for the Notes being purchased by such Buyer at the Closing by wire transfer of immediately available funds pursuant to the wire instructions provided by the Company. 
 (iii) The representations and warranties of such Buyer shall be true and correct in all material respects as of the date when made and as of the Closing
Date as though made at that time (except for representations and warranties that speak as of a specific date which shall be true and correct as of such specified date), and such Buyer shall have performed, satisfied and complied in all material
respects with the covenants, agreements and conditions required by this Agreement to be performed, satisfied or complied with by such Buyer at or prior to the Closing Date. 
  

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 7. CONDITIONS TO EACH BUYER’S OBLIGATION TO PURCHASE. 
 The obligation of each Buyer hereunder to purchase the Notes at the Closing is subject to the satisfaction, at or before the Closing Date, of each of the
following conditions, provided that these conditions are for each Buyer’s sole benefit and may be waived by such Buyer at any time in its sole discretion by providing the Company with prior written notice thereof: 
 (i) The Company shall have duly executed and delivered to such Buyer (A) each of the Transaction Documents and (B) the Notes (in such principal
amounts as such Buyer shall request), being purchased by such Buyer at the Closing pursuant to this Agreement. 
 (ii) Such Buyer shall have
received (a) the opinion of Wilmer Cutler Pickering Hale and Dorr LLP, the Company’s outside counsel, dated as of the Closing Date, in substantially the form of Exhibit D-1 attached hereto and (b) the opinion of and Robert
Schwartz, Esq., the Company’s general counsel, dated as of the Closing Date, in substantially the form of Exhibit D-2 attached hereto. 
 (iii) The Company shall have delivered to such Buyer a copy of the Irrevocable Transfer Agent Instructions, in the form of Exhibit G attached hereto, which instructions shall have been delivered to and
acknowledged in writing by the Company’s transfer agent. 
 (iv) The Company shall have delivered to such Buyer a certificate
evidencing the formation and good standing of the Company and each of its Subsidiaries in such entity’s jurisdiction of formation issued by the Secretary of State (or comparable office) of such jurisdiction, as of a date within 10 days of the
Closing Date. 
 (v) The Company shall have delivered to such Buyer a certificate evidencing the Company’s qualification as a foreign
corporation and good standing issued by the Secretary of State (or comparable office) of each jurisdiction in which the Company conducts business, as of a date within 10 days of the Closing Date. 
 (vi) The Company shall have delivered to such Buyer a certified copy of the Certificate of Incorporation as certified by the Secretary of State of the
State (or comparable office of Delaware within ten (10) days of the Closing Date. 
 (vii) The Company shall have delivered to such
Buyer a certificate, executed by the Secretary of the Company and dated as of the Closing Date, as to (i) the resolutions consistent with Section 3(b) as adopted by the Company’s Board of Directors in a form reasonably acceptable to
such Buyer, (ii) the Certificate of Incorporation and (iii) the Bylaws, each as in effect at the Closing, in the form attached hereto as Exhibit E. 
 (viii) The representations and warranties of the Company shall be true and correct in all material respects (except for those representations and warranties that are qualified by materiality or Material Adverse
Effect, which shall be true and correct in all respects) as of the date when made and as of the Closing Date as though made at that time 

  

 - 25 - 

 
(except for representations and warranties that speak as of a specific date which shall be true and correct as of such specified date) and the Company shall
have performed, satisfied and complied in all material respects with the covenants, agreements and conditions required by the Transaction Documents to be performed, satisfied or complied with by the Company at or prior to the Closing Date. Such
Buyer shall have received a certificate, executed by the Chief Executive Officer of the Company, dated as of the Closing Date, to the foregoing effect and as to such other matters as may be reasonably requested by such Buyer in the form attached
hereto as Exhibit F. 
 (ix) The Company shall have delivered to such Buyer a letter from the Company’s transfer agent
certifying the number of shares of Common Stock outstanding as of a date within five days of the Closing Date. 
 (x) The Common Stock
(I) shall be designated for quotation or listed on the Principal Market and (II) shall not have been suspended, as of the Closing Date, by the SEC or the Principal Market from trading on the Principal Market nor shall suspension by the SEC or
the Principal Market have been threatened, as of the Closing Date, either (A) in writing by the SEC or the Principal Market or (B) by falling below the minimum listing maintenance requirements of the Principal Market. 
 (xi) The Company shall have obtained all governmental, regulatory or third party consents and approvals, if any, necessary for the sale of the
Securities. 
 (xii) The Company shall have delivered to such Buyer such other documents relating to the transactions contemplated by this
Agreement as such Buyer or its counsel may reasonably request. 
 8. TERMINATION. In the event that the Closing shall not have
occurred with respect to a Buyer on or before five (5) Business Days from the date hereof due to the Company’s or such Buyer’s failure to satisfy the conditions set forth in Sections 6 and 7 above (and the nonbreaching party’s
failure to waive such unsatisfied condition(s)), the nonbreaching party shall have the option to terminate this Agreement with respect to such breaching party at the close of business on such date without liability of any party to any other party;
provided, however, that if this Agreement is terminated pursuant to this Section 8, the Company shall remain obligated to reimburse the non-breaching Buyers for the expenses described in Section 4(g) above. 
 9. MISCELLANEOUS. 
 (a) Governing
Law; Jurisdiction; Jury Trial. All questions concerning the construction, validity, enforcement and interpretation of this Agreement shall be governed by the internal laws of the State of New York, without giving effect to any choice of law or
conflict of law provision or rule (whether of the State of New York or any other jurisdictions) that would cause the application of the laws of any jurisdictions other than the State of New York. Each party hereby irrevocably submits to the
exclusive jurisdiction of the state and federal courts sitting in The City of New York, Borough of Manhattan, for the adjudication of any dispute hereunder or in connection herewith or with any transaction contemplated hereby or discussed 

  

 - 26 - 

 
herein, and hereby irrevocably waives, and agrees not to assert in any suit, action or proceeding, any claim that it is not personally subject to the
jurisdiction of any such court, that such suit, action or proceeding is brought in an inconvenient forum or that the venue of such suit, action or proceeding is improper. Each party hereby irrevocably waives personal service of process and consents
to process being served in any such suit, action or proceeding by mailing a copy thereof to such party at the address for such notices to it under this Agreement and agrees that such service shall constitute good and sufficient service of process
and notice thereof. Nothing contained herein shall be deemed to limit in any way any right to serve process in any manner permitted by law. EACH PARTY HEREBY IRREVOCABLY WAIVES ANY RIGHT IT MAY HAVE, AND AGREES NOT TO REQUEST, A JURY TRIAL FOR
THE ADJUDICATION OF ANY DISPUTE HEREUNDER OR IN CONNECTION WITH OR ARISING OUT OF THIS AGREEMENT OR ANY TRANSACTION CONTEMPLATED HEREBY.  
 (b) Counterparts. This Agreement may be executed in two or more identical counterparts, all of which shall be considered one and the same agreement and shall become effective when counterparts have been signed by each party and
delivered to the other party; provided that a facsimile signature shall be considered due execution and shall be binding upon the signatory thereto with the same force and effect as if the signature were an original, not a facsimile signature.

 (c) Headings. The headings of this Agreement are for convenience of reference and shall not form part of, or affect the
interpretation of, this Agreement. 
 (d) Severability. If any provision of this Agreement is prohibited by law or otherwise
determined to be invalid or unenforceable by a court of competent jurisdiction, the provision that would otherwise be prohibited, invalid or unenforceable shall be deemed amended to apply to the broadest extent that it would be valid and
enforceable, and the invalidity or unenforceability of such provision shall not affect the validity of the remaining provisions of this Agreement so long as this Agreement as so modified continues to express, without material change, the original
intentions of the parties as to the subject matter hereof and the prohibited nature, invalidity or unenforceability of the provision(s) in question does not substantially impair the respective expectations or reciprocal obligations of the parties or
the practical realization of the benefits that would otherwise be conferred upon the parties. The parties will endeavor in good faith negotiations to replace the prohibited, invalid or unenforceable provision(s) with a valid provision(s), the effect
of which comes as close as possible to that of the prohibited, invalid or unenforceable provision(s). 
 (e) Entire Agreement;
Amendments. This Agreement and the other Transaction Documents supersede all other prior oral or written agreements between the Buyers, the Company, their affiliates and Persons acting on their behalf with respect to the matters discussed
herein, and this Agreement, the other Transaction Documents and the instruments referenced herein and therein contain the entire understanding of the parties with respect to the matters covered herein and therein and, except as specifically set
forth herein or therein, neither the Company nor any Buyer makes any representation, warranty, covenant or undertaking with respect to such matters. No provision of this Agreement may be amended or waived other than by an instrument in writing
signed by the Company and the holders of at least a majority of the 

  

 - 27 - 

 
aggregate number of Registrable Securities issued and issuable hereunder and under the Notes, and any amendment or waiver to this Agreement made in
conformity with the provisions of this Section 9(e) shall be binding on all Buyers and holders of Securities, as applicable. No such amendment shall be effective to the extent that it applies to less than all of the holders of the applicable
Securities then outstanding. No consideration shall be offered or paid to any Person to amend or consent to a waiver or modification of any provision of any of the Transaction Documents unless the same consideration also is offered to all of the
parties to the Transaction Documents, holders of Notes. The Company has not, directly or indirectly, made any agreements with any Buyers relating to the terms or conditions of the transactions contemplated by the Transaction Documents except as set
forth in the Transaction Documents. Without limiting the foregoing, the Company confirms that, except as set forth in this Agreement, no Buyer has made any commitment or promise or has any other obligation to provide any financing to the Company or
otherwise. 
 (f) Notices. Any notices, consents, waivers or other communications required or permitted to be given under the terms of
this Agreement must be in writing and will be deemed to have been delivered: (i) upon receipt, when delivered personally; (ii) upon receipt, when sent by facsimile (provided confirmation of transmission is mechanically or electronically
generated and kept on file by the sending party); or (iii) one Business Day after deposit with an overnight courier service, in each case properly addressed to the party to receive the same. The addresses and facsimile numbers for such
communications shall be: 
  

					
	If to the Company:
		
		 	I-many, Inc.
		 	399 Thornall Street, 12th Floor
		 	Edison, New Jersey 08837
		 	Telephone:	 	(800) 832-0228
		 	Facsimile:	 	(732) 516-2693
		 	Attention:	 	Chief Financial Officer
		
	With a copy to:	 	
		
		 	I-many, Inc.
		 	511 Congress Street, 6th Floor
		 	Portland, ME 04101
		 	Telephone:	 	(207) 228-2135
		 	Facsimile:	 	(207) 828-0492
		 	Attention:	 	General Counsel

  

 - 28 - 

					
	And a copy to:
		
		 	Wilmer Cutler Pickering Hale and Dorr LLP
		 	60 State Street
		 	Boston, Massachusetts 02109
		 	Telephone:	 	(617) 526-6624
		 	Facsimile:	 	(617) 526-5000
		 	Attention:	 	Jeffrey A. Stein, Esq.
	
	If to the Transfer Agent:
		
		 	American Stock Transfer & Trust Company
		 	59 Maiden Lane
		 	New York, NY 10038
		 	Telephone:	 	(718) 921-8262
		 	Facsimile:	 	(718) 921-8337
		 	Attention:	 	Donna Ansbro

 If to a Buyer, to its address and facsimile number set forth on the Schedule of Buyers, with copies to such
Buyer’s representatives as set forth on the Schedule of Buyers, 
  

					
	with a copy (for informational purposes only) to:
		
		 	Schulte Roth & Zabel LLP
		 	919 Third Avenue
		 	New York, New York 10022
		 	Telephone:	 	(212) 756-2000
		 	Facsimile:	 	(212) 593-5955
		 	Attention:	 	Eleazer N. Klein, Esq.

 or to such other address and/or facsimile number and/or to the attention of such other Person as the recipient
party has specified by written notice given to each other party five (5) days prior to the effectiveness of such change. Written confirmation of receipt (A) given by the recipient of such notice, consent, waiver or other communication,
(B) mechanically or electronically generated by the sender’s facsimile machine containing the time, date, recipient facsimile number and an image of the first page of such transmission or (C) provided by an overnight courier service
shall be rebuttable evidence of personal service, receipt by facsimile or receipt from an overnight courier service in accordance with clause (i), (ii) or (iii) above, respectively. 
 (g) Successors and Assigns. This Agreement shall be binding upon and inure to the benefit of the parties and their respective successors and
assigns, including any purchasers of the Notes. The Company shall not assign this Agreement or any rights or obligations hereunder without the prior written consent of the holders of at least a majority of the aggregate number of Registrable
Securities issued and issuable hereunder, including by way of a Fundamental Transaction (unless the Company is in compliance with the applicable provisions governing Fundamental Transactions set forth in the Notes). A Buyer may assign some or all of
its rights hereunder without the consent of the Company, in which event such assignee shall be deemed to be a Buyer hereunder with respect to such assigned rights. 
  

 - 29 - 

 (h) No Third Party Beneficiaries. This Agreement is intended for the benefit of the parties hereto
and their respective permitted successors and assigns, and is not for the benefit of, nor may any provision hereof be enforced by, any other Person. 
 (i) Survival. Unless this Agreement is terminated under Section 8, the representations and warranties of the Company and the Buyers contained in Sections 2 and 3, and the agreements and covenants set forth
in Sections 4, 5 and 9 shall survive the Closing. Each Buyer shall be responsible only for its own representations, warranties, agreements and covenants hereunder. 
 (j) Further Assurances. Each party shall do and perform, or cause to be done and performed, all such further acts and things, and shall execute and deliver all such other agreements, certificates, instruments
and documents, as any other party may reasonably request in order to carry out the intent and accomplish the purposes of this Agreement and the consummation of the transactions contemplated hereby. 
 (k) Indemnification. In consideration of each Buyer’s execution and delivery of the Transaction Documents and acquiring the Securities
thereunder and in addition to all of the Company’s other obligations under the Transaction Documents, the Company shall defend, protect, indemnify and hold harmless each Buyer and each other holder of the Securities and all of their
stockholders, partners, members, officers, directors, employees and direct or indirect investors and any of the foregoing Persons’ agents or other representatives (including, without limitation, those retained in connection with the
transactions contemplated by this Agreement) (collectively, the “Indemnitees”) from and against any and all actions, causes of action, suits, claims, losses, costs, penalties, fees, liabilities and damages, and expenses in
connection therewith (irrespective of whether any such Indemnitee is a party to the action for which indemnification hereunder is sought), and including reasonable attorneys’ fees and disbursements (the “Indemnified
Liabilities”), incurred by any Indemnitee as a result of, or arising out of, or relating to (a) any misrepresentation or breach of any representation or warranty made by the Company in the Transaction Documents or any other
certificate, instrument or document contemplated hereby or thereby, (b) any breach of any covenant, agreement or obligation of the Company contained in the Transaction Documents or any other certificate, instrument or document contemplated
hereby or thereby or (c) any cause of action, suit or claim brought or made against such Indemnitee by a third party (including for these purposes a derivative action brought on behalf of the Company) and arising out of or resulting from
(i) the execution, delivery, performance or enforcement of the Transaction Documents or any other certificate, instrument or document contemplated hereby or thereby, (ii) any transaction financed or to be financed in whole or in part,
directly or indirectly, with the proceeds of the issuance of the Securities, or (iii) the status of such Buyer or holder of the Securities as an investor in the Company pursuant to the transactions contemplated by the Transaction Documents.
Notwithstanding the foregoing, the Company shall not be liable to any Indemnitee for any Indemnified Liabilities which is attributable to the gross negligence, bad faith or willful misconduct of such Indemnitee. To the extent that the foregoing
undertaking by the Company may be unenforceable for any reason, the Company shall make the maximum contribution to the payment and satisfaction of each of the Indemnified Liabilities that is permissible under applicable law. Except as otherwise set
forth herein, the mechanics and procedures with respect to the rights and obligations under this Section 9(k) shall be the same as those set forth in Section 6 of the Registration Rights Agreement. 
  

 - 30 - 

 (l) No Strict Construction. The language used in this Agreement will be deemed to be the language
chosen by the parties to express their mutual intent, and no rules of strict construction will be applied against any party. 
 (m)
Remedies. Each Buyer and each holder of the Securities shall have all rights and remedies set forth in the Transaction Documents and all rights and remedies which such holders have been granted at any time under any other agreement or
contract and all of the rights which such holders have under any law. Any Person having any rights under any provision of this Agreement shall be entitled to enforce such rights specifically (without posting a bond or other security), to recover
damages by reason of any breach of any provision of this Agreement and to exercise all other rights granted by law. Furthermore, the Company recognizes that in the event that it fails to perform, observe, or discharge any or all of its obligations
under the Transaction Documents, any remedy at law may prove to be inadequate relief to the Buyers. The Company therefore agrees that the Buyers shall be entitled to seek temporary and permanent injunctive relief in any such case without the
necessity of proving actual damages and without posting a bond or other security. 
 (n) Rescission and Withdrawal Right.
Notwithstanding anything to the contrary contained in (and without limiting any similar provisions of) the Transaction Documents, whenever any Buyer exercises a right, election, demand or option under a Transaction Document and the Company does not
timely perform its related obligations within the periods therein provided, then such Buyer may rescind or withdraw, in its sole discretion from time to time upon written notice to the Company, any relevant notice, demand or election in whole or in
part without prejudice to its future actions and rights. Notwithstanding anything to the contrary contained in (and without limiting any similar provisions of) the Transaction Documents, whenever the Company exercises a right, election, demand or
option under a Transaction Document and the Buyer does not timely perform its related obligations within the periods therein provided, then the Company may rescind or withdraw, in its sole discretion from time to time upon written notice to the
Buyer, any relevant notice, demand or election in whole or in part without prejudice to its future actions and rights. 
 (o) Payment Set
Aside. To the extent that the Company makes a payment or payments to the Buyers hereunder or pursuant to any of the other Transaction Documents or the Buyers enforce or exercise their rights hereunder or thereunder, and such payment or payments
or the proceeds of such enforcement or exercise or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside, recovered from, disgorged by or are required to be refunded, repaid or otherwise restored to the
Company, a trustee, receiver or any other Person under any law (including, without limitation, any bankruptcy law, foreign, state or federal law, common law or equitable cause of action), then to the extent of any such restoration the obligation or
part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such enforcement or setoff had not occurred. 
  

 - 31 - 

 (p) Independent Nature of Buyers’ Obligations and Rights. The obligations of each Buyer under
any Transaction Document are several and not joint with the obligations of any other Buyer, and no Buyer shall be responsible in any way for the performance of the obligations of any other Buyer under any Transaction Document. Nothing contained
herein or in any other Transaction Document, and no action taken by any Buyer pursuant hereto or thereto, shall be deemed to constitute the Buyers as, and the Company acknowledges that the Buyers do not so constitute, a partnership, an association,
a joint venture or any other kind of entity, or create a presumption that the Buyers are in any way acting in concert or as a group, and the Company will not assert any such claim with respect to such obligations or the transactions contemplated by
the Transaction Documents and the Company acknowledges that the Buyers are not acting in concert or as a group with respect to such obligations or the transactions contemplated by the Transaction Documents. The Company acknowledges and each Buyer
confirms that it has independently participated in the negotiation of the transaction contemplated hereby with the advice of its own counsel and advisors. Each Buyer shall be entitled to independently protect and enforce its rights, including,
without limitation, the rights arising out of this Agreement or out of any other Transaction Documents, and it shall not be necessary for any other Buyer to be joined as an additional party in any proceeding for such purpose. 
 [Signature Page Follows] 
  

 - 32 - 

 IN WITNESS WHEREOF, each Buyer and the Company have caused their respective signature page to this
Securities Purchase Agreement to be duly executed as of the date first written above. 
  

			
	COMPANY:
	
	I-MANY, INC.
		
	By:	 	  

	Name:	 	
	Title:	 	

 IN WITNESS WHEREOF, each Buyer and the Company have caused their respective signature page to this
Securities Purchase Agreement to be duly executed as of the date first written above. 
  

			
	BUYERS:
	
	 HIGHBRIDGE INTERNATIONAL LLC
 By:
Highbridge Capital Management LLC
 Its Trading Manager

		
	By:	 	  

	Name:	 	
	Title:	 	

 IN WITNESS WHEREOF, each Buyer and the Company have caused their respective signature page to this
Securities Purchase Agreement to be duly executed as of the date first written above. 
  

			
	BUYERS:
	
	PORTSIDE GROWTH AND OPPORTUNITY FUND
		
	By:	 	  

	Name:	 	
	Title:	 	

 IN WITNESS WHEREOF, each Buyer and the Company have caused their respective signature page to this
Securities Purchase Agreement to be duly executed as of the date first written above. 
  

			
	BUYERS:
	
	PARCHE, LLC
		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	

 IN WITNESS WHEREOF, each Buyer and the Company have caused their respective signature page to this
Securities Purchase Agreement to be duly executed as of the date first written above. 
  

			
	BUYERS:
	
	STARBOARD VALUE AND OPPORTUNITY MASTER FUND LTD.
		
	By:	 	  

	Name:	 	
	Title:	 	

 SCHEDULE OF BUYERS 

 EXHIBITS 
  

			
	Exhibit A	  	Form of Notes
	Exhibit B	  	Form of Registration Rights Agreement
	Exhibit C	  	Form of Irrevocable Transfer Agent Instructions
	Exhibit D-1	  	Form of Opinion of Company’s Counsel
	Exhibit D-2	  	Form of Opinion of Company’s General Counsel
	Exhibit E	  	Form of Secretary’s Certificate
	Exhibit F	  	Form of Officer’s Certificate

 SCHEDULES 
  

			
	Schedule 3(a)	  	Subsidiaries
	Schedule 3(l)	  	Absence of Certain Changes
	Schedule 3(r)	  	Equity Capitalization
	Schedule 3(s)	  	Indebtedness and Other Contracts
	Schedule 3(t)	  	Absence of Litigation
	Schedule 3(w)	  	Title
	Schedule 3(ee)	  	Ranking of Notes

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