Document:

EX-10.2

 Exhibit 10.2 

EXECUTION COPY 
 AMENDMENT NO. 1
TO THE 
 FIVE YEAR CREDIT AGREEMENT 

Dated as of November 17, 2020 

AMENDMENT NO. 1 TO THE FIVE YEAR CREDIT AGREEMENT (this “Amendment”) among AT&T Inc., a Delaware
corporation (the “Company”), the banks, financial institutions and other institutional lenders parties to the Credit Agreement referred to below (collectively, the “Lenders”) and CITIBANK, N.A., as administrative
agent (the “Agent”) for the Lenders. 
 PRELIMINARY STATEMENTS: 

(1) The Company, the Lenders and the Agent have entered into a Five Year Credit Agreement dated as of December 11, 2018 (the
“Credit Agreement”). Capitalized terms used but not otherwise defined in this Amendment shall have the same meanings as specified in the Credit Agreement. 

(2) The Company and the Lenders have agreed to amend the Credit Agreement as hereinafter set forth. 

SECTION 1. Amendments to Credit Agreement. The Credit Agreement is, effective as of the date hereof subject to the satisfaction of the
conditions precedent set forth in Section 2, hereby amended to delete the stricken text (indicated textually in the same manner as the following example: stricken
text) and to add the double-underlined text (indicated textually in the same manner as the following example:
double-underlined
text) as set forth in Annex I hereto. 

SECTION 2. Effectiveness. This Amendment shall become effective as of the date first above written when, and only when, the Agent shall
have received counterparts of this Amendment executed by the Company and all of the Lenders. This Amendment is subject to the provisions of Section 9.01 of the Credit Agreement. 

SECTION 3. Representations and Warranties of the Company. The Company represents and warrants as of the date hereof as follows: 

(a) The execution, delivery and performance of this Amendment and the Credit Agreement, as amended hereby, are within the Company’s
corporate powers, have been duly authorized by all necessary corporate action, and do not contravene (i) the Company’s charter or by-laws or (ii) except where such contravention would not
reasonably be expected to have a Material Adverse Effect, any law applicable to the Company or any contractual restriction binding on or affecting the Company. 

(b) No authorization or approval or other action by, and no notice to or filing with, any governmental authority or regulatory body or any
other third party is required for the due execution, delivery and performance by the Company of this Amendment. 
 (c) This Amendment has
been duly executed and delivered by the Company and the Credit Agreement, as amended hereby, constitutes the legal, valid and binding obligation of the Company enforceable against the Company in accordance with their respective terms, except as
enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights generally and by general equitable principles (whether enforcement is sought by
proceedings in equity or at law). 

 (d) The representations and warranties made by the Company contained in Article IV of the
Credit Agreement are true and correct in all material respects (except such representations that are qualified by materiality, which shall be correct in all respects) with the same effect as if made on and as of the date hereof. 

(e) No event has occurred and is continuing that constitutes a Default. 

SECTION 4. Reference to and Effect on the Credit Agreement and the Notes. (a) On and after the effectiveness of the amendments
contemplated in Section 1, each reference in the Credit Agreement to “this Agreement”, “hereunder”, “hereof” or words of like import referring to the Credit Agreement, and each reference in the Notes to “the
Credit Agreement”, “thereunder”, “thereof” or words of like import referring to the Credit Agreement, shall mean and be a reference to the Credit Agreement as amended by this Amendment. 

(b) The Notes and the Credit Agreement, as specifically amended by this Amendment, are and shall continue to be in full force and effect and
are hereby in all respects ratified and confirmed. 
 (c) The execution, delivery and effectiveness of this Amendment shall not, except as
expressly provided herein, operate as a waiver of any right, power or remedy of any Lender or the Agent under the Credit Agreement, nor constitute a waiver of any provision of the Credit Agreement. 

SECTION 5. Costs and Expenses. The Company agrees to pay on demand all reasonable costs and expenses of the Agent (supported by
invoices) in connection with the preparation, execution, delivery, administration, modification and amendment of the Credit Agreement and the other instruments and documents to be delivered hereunder (including, without limitation, the reasonable
fees and expenses of counsel for the Agent) in accordance with the terms of Section 9.04 of the Credit Agreement. 
 SECTION 6.
Execution in Counterparts. This Amendment may be executed in any number of counterparts and by different parties hereto in separate counterparts, each of which when so executed shall be deemed to be an original and all of which taken together
shall constitute but one and the same agreement. Delivery of an executed counterpart of a signature page to this Amendment by telecopier shall be effective as delivery of a manually executed counterpart of this Amendment. The words
“execution,” “signed,” “signature,” and words of like import in this Amendment shall be deemed to include electronic signatures or electronic records, each of which shall be of the same legal effect, validity or
enforceability as a manually executed signature or the use of a paper-based recordkeeping system, as the case may be, to the extent and as provided for in any applicable law, including the Federal Electronic Signatures in Global and National
Commerce Act, the New York State Electronic Signatures and Records Act, or any other similar state laws based on the Uniform Electronic Transactions Act. 

SECTION 7. Governing Law. This Amendment shall be governed by, and construed in accordance with, the laws of the State of
New York. 

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

			
	AT&T INC.
		
	By	 	/s/ Jeston B. Dumas
		 	Name: Jeston B. Dumas
		 	Title: Vice President and Assistant Treasurer

  

			
	CITIBANK, N.A., as Agent
		
	By	 	/s/ Michael Vondriska
		 	Name: Michael Vondriska
		 	Title: Vice President

 Consent to the forgoing Amendment: 

 

			
	CITIBANK, N.A.
		
	By	 	/s/ Michael Vondriska
		 	Name: Michael Vondriska
		 	Title: Vice President

 Consent to the forgoing Amendment: 

 

			
	JPMORGAN CHASE BANK, N.A.
		
	By	 	/s/ Ryan Zimmerman
		 	Name: Ryan Zimmerman
		 	Title: Vice President

 Consent to the forgoing Amendment: 

 

			
	BANK OF AMERICA, N.A.
		
	By	 	/s/ Marie F. Harrison
		 	Name: Marie F. Harrison
		 	Title: Director

 Consent to the forgoing Amendment: 

BARCLAYS BANK PLC 
  

			
	By	 	/s/ Martin Corrigan
		 	Name: Martin Corrigan
		 	Title: Vice President

  

 Consent to the forgoing Amendment: 

DEUTSCHE BANK AG NEW YORK BRANCH 
  

			
	By	 	/s/ Annie Chung
		 	Name: Annie Chung
		 	Title: Director
		 	Annie.chung@db.com
		 	+1-212-250-6375

  

			
	By	 	/s/ Ming K. Chu
		 	Name: Ming K. Chu
		 	Title: Director
		 	Ming.k.chu@db.com
		 	+1-212-250-5451

  

 Consent to the forgoing Amendment: 

MIZUHO BANK, LTD. 
  

			
	By	 	/s/ Tracy Rahn
		 	Name: Tracy Rahn
		 	Title: Executive Director

 Consent to the forgoing Amendment: 

Bank of China, New York Branch 
  

			
	By	 	/s/ Raymond Qiao
		 	Name: Raymond Qiao
		 	Title: Executive Vice President

  

 Consent to the forgoing Amendment: 

THE BANK OF NOVA SCOTIA 
  

			
	By	 	/s/ Joseph Ward
		 	Name: Joseph Ward
		 	Title: Managing Director

 Consent to the forgoing Amendment: 

BANCO BILBAO VIZCAYA ARGENTARIA, S.A. NEW YORK BRANCH 
  

			
	By	 	/s/ Brian Crowley
		 	Name: Brian Crowley
		 	Title: Managing Director

  

			
	By	 	/s/ Miriam Trautmann
		 	Name: Miriam Trautmann
		 	Title: Senior Vice President

 Consent to the forgoing Amendment: 

BNP Paribas 
  

			
	By	 	/s/ Barbara Nash
		 	Name: Barbara Nash
		 	Title: Managing Director

  

			
	By	 	/s/ Stefano Locatelli
		 	Name: Stefano Locatelli
		 	Title: Vice President

 Consent to the forgoing Amendment: 

COMMERZBANK AG, NEW YORK BRANCH 
  

			
	By	 	/s/ Paolo de Alessandrini
		 	Name: Paolo de Alessandrini
		 	Title: TMT Sector Head Americas

  

			
	By	 	/s/ Mathew Ward
		 	Name: Mathew Ward
		 	Title: Head of Syndicated Finance Americas

 Consent to the forgoing Amendment: 

CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH 
  

			
	By	 	/s/ Judith E. Smith
		 	Name: Judith E. Smith
		 	Title: Authorized Signatory

  

			
	By	 	/s/ Andrew Griffin
		 	Name: Andrew Griffin
		 	Title: Authorized Signatory

  

 Consent to the forgoing Amendment: 

GOLDMAN SACHS BANK USA 
  

			
	By	 	/s/ Rebecca Kratz
		 	Name: Rebecca Kratz
		 	Title: Authorized Signatory

  

 Consent to the forgoing Amendment: 

 

			
	HSBC BANK USA, NATIONAL ASSOCIATION
		
	By	 	/s/ David Wagstaff
		 	Name: David Wagstaff
		 	Title: Managing Director

 Consent to the forgoing Amendment: 

Industrial and Commercial Bank of China Ltd., New York Branch 
  

			
		
	By	 	/s/ Tony Huang
		 	Name: Tony Huang
		 	Title: Relationship Manager
		
	By	 	/s/ Yuanyuan Peng
		 	Name: Yuanyuan Peng
		 	Title: Relationship Manager

 Consent to the forgoing Amendment: 

MORGAN STANLEY BANK, N.A. 
  

			
		
	By	 	/s/ Julie Lilienfeld
		 	Name: Julie Lilienfeld
		 	Title: Authorized Signatory

 Consent to the forgoing Amendment: 

MUFG Bank, Ltd. 
  

			
		
	By	 	/s/ Lilian Kim
		 	Name: Lilian Kim
		 	Title: Director

 Consent to the forgoing Amendment: 

ROYAL BANK OF CANADA 
  

			
		
	By	 	/s/ D.W. Scott Johnson
		 	Name: D.W. Scott Johnson
		 	Title: Authorized Signatory

 Consent to the forgoing Amendment: 

Banco Santander, S.A., New York Branch 
  

			
		
	By	 	/s/ Pablo Urgoiti
		 	Name: Pablo Urgoiti
		 	Title: Managing Director
		
	By	 	/s/ Rita Walz-Cuccioli
		 	Name: Rita Walz-Cuccioli
		 	Title: Executive Director

 Consent to the forgoing Amendment: 

Sumitomo Mitsui Banking Corporation 
  

			
		
	By	 	/s/ Jun Ashley
		 	Name: Jun Ashley
		 	Title: Director

 Consent to the forgoing Amendment: 

SOCIETE GENERALE 
  

			
		
	By	 	/s/ Shelley Yu
		 	Name: Shelley Yu
		 	Title: Director

 Consent to the forgoing Amendment: 

The Toronto-Dominion Bank, New York Branch 
  

			
		
	By	 	/s/ Maria Macchiaroli
		 	Name: Maria Macchiaroli
		 	Title: Authorized Signatory

 Consent to the forgoing Amendment: 

WELLS FARGO BANK, NATIONAL ASSOCIATION 
  

			
		
	By	 	/s/ Monica Trautwein
		 	Name: Monica Trautwein
		 	Title: Director

			
	Consent to the forgoing Amendment:
	
	THE BANK OF NEW YORK MELLON
		
	By	 	/s/ William M. Feathers
		 	Name: William M. Feathers
		 	Title: Director

			
	Consent to the forgoing Amendment:
	
	INTESA SANPAOLO S.P.A. –NEW YORK BRANCH

			
		
	By	 	/s/ Glen Binder
		 	Name: Glen Binder
		 	Title: Global Relationship Manager
		
	By	 	/s/ Alessandro Toigo
		 	Name: Alessandro Toigo
		 	Title: Head of Corporate Desk    

			
	Consent to the forgoing Amendment:
	
	STANDARD CHARTERED BANK
		
	By	 	/s/ James Beck
		 	Name: James Beck
		 	Title: Associate Director

			
	Consent to the forgoing Amendment:
	
	TRUIST BANK
		
	By	 	/s/ Justin Lien
		 	Name: Justin Lien
		 	Title: Director

			
	Consent to the forgoing Amendment:
	
	U.S. BANK NATIONAL ASSOCIATION
		
	By	 	/s/ Christi K. Shaw
		 	Name: Christi K. Shaw
		 	Title: Vice President    

			
	Consent to the forgoing Amendment:
	
	Australia and New Zealand Banking Group Limited

			
		
	By	 	/s/ Cynthia Dioquino
		 	Name: Cynthia Dioquino
		 	Title: Associate Director    

			
	Consent to the forgoing Amendment:
	
	Canadian Imperial Bank of Commerce, New York Branch

			
		
	By	 	/s/ Farhad Merali
		 	Name: Farhad Merali
		 	Title: Executive Director, and Head of U.S. Diversified/Industrials

			
	Consent to the forgoing Amendment:
	
	Regions Bank
		
	By	 	/s/ Derek Miller
		 	Name: Derek Miller
		 	Title: Director

					
	 SECTION 2.20. Replacement of Lenders
	  	 	3231	 
	 SECTION 2.21.
Benchmark Replacement Setting
	  	 	32	 
		
	 ARTICLE III
	  	 	33	 
		
	 SECTION 3.01. Conditions Precedent to Effectiveness
	  	 	3340	 
	 SECTION 3.02. Initial Advance to Each Designated Subsidiary
	  	 	3441	 
	 SECTION 3.03. Conditions Precedent to Each Borrowing, Commitment Increase and Extension
Date.
	  	 	3542	 
	 SECTION 3.04. Determinations Under Sections 3.01 and 3.02
	  	 	3543	 
		
	 ARTICLE IV
	  	 	36	 
		
	 SECTION 4.01. Representations and Warranties
	  	 	3643	 
		
	 ARTICLE V
	  	 	37	 
		
	 SECTION 5.01. Affirmative Covenants
	  	 	3744	 
	 SECTION 5.02. Negative Covenants
	  	 	4047	 
	 SECTION 5.03. Financial Covenant
	  	 	4148	 
		
	 ARTICLE VI
	  	 	41	 
		
	 SECTION 6.01. Events of Default
	  	 	4148	 
		
	 ARTICLE VII
	  	 	43	 
		
	 SECTION 7.01. Unconditional Guaranty
	  	 	4350	 
	 SECTION 7.02. Guaranty Absolute
	  	 	4451	 
	 SECTION 7.03. Waivers and Acknowledgments
	  	 	4552	 
	 SECTION 7.04. Subrogation
	  	 	4552	 
	 SECTION 7.05. Subordination
	  	 	4653	 
	 SECTION 7.06. Continuing Guaranty; Assignments
	  	 	4754	 
		
	 ARTICLE VIII
	  	 	47	 
		
	 SECTION 8.01. Authorization and Authority
	  	 	4754	 

  
 2 

					
	 SECTION 8.02. Agent Individually
	  	 	4754	 
	 SECTION 8.03. Duties of Agent; Exculpatory Provisions
	  	 	4754	 
	 SECTION 8.04. Reliance by Agent
	  	 	4855	 
	 SECTION 8.05. Delegation of Duties
	  	 	4956	 
	 SECTION 8.06. Resignation of Agent
	  	 	4956	 
	 SECTION 8.07. Non-Reliance on Agent, Arrangers and
Other Lenders
	  	 	4956	 
	 SECTION 8.08. Indemnification
	  	 	5056	 
	 SECTION 8.09. Other Agents.
	  	 	5057	 
	 SECTION 8.10. Certain ERISA Matters.
	  	 	5057	 
		
	 ARTICLE IX
	  	 	51	 
		
	 SECTION 9.01. Amendments, Etc.
	  	 	5158	 
	 SECTION 9.02. Notices; Effectiveness; Electronic Communication.
	  	 	5259	 
	 SECTION 9.03. No Waiver; Remedies
	  	 	5360	 
	 SECTION 9.04. Costs and Expenses
	  	 	5360	 
	 SECTION 9.05. Binding Effect
	  	 	5562	 
	 SECTION 9.06. Assignments and Participations
	  	 	5562	 
	 SECTION 9.07. Confidentiality
	  	 	5966	 
	 SECTION 9.08. Designated Subsidiaries
	  	 	5966	 
	 SECTION 9.09. Governing Law
	  	 	6067	 
	 SECTION 9.10. Jurisdiction, Etc.
	  	 	6067	 
	 SECTION 9.11. Judgment
	  	 	6168	 
	 SECTION 9.12. Substitution of Currency
	  	 	6268	 
	 SECTION 9.13. Severability
	  	 	6268	 
	 SECTION 9.14. Acknowledgement and Consent to Bail-In
of EEAAffected Financial Institutions
	  	 	6269	 

  
 3 

 FIVE YEAR CREDIT AGREEMENT 

Dated as of December 11, 2018 (this “Agreement”) 

AT&T INC., a Delaware corporation (the “Company”), the banks, financial institutions and other institutional lenders (the
“Initial Lenders”) listed on the signature pages hereof, and CITIBANK, N.A. (“Citibank”), as administrative agent (in such capacity, the “Agent”) for the Lenders (as hereinafter defined), agree as
follows: 
 ARTICLE I 

DEFINITIONS AND ACCOUNTING TERMS 

SECTION 1.01. Certain Defined Terms. As used in this Agreement, the following terms shall have the following meanings (such meanings to
be equally applicable to both the singular and plural forms of the terms defined): 
 “2020 Credit
 Agreement” means the Amended and Restated Credit Agreement dated November 17, 2020, among the Company, the lenders parties thereto and Citibank, as administrative agent, as such agreement may be amended,
supplemented or otherwise modified hereafter from time to time. 

“Administrative Questionnaire” means an Administrative Questionnaire in a form supplied by the Agent. 

“Advance” means an advance by a Lender to any Borrower as part of a Borrowing and refers to a Base Rate
Advance or a Eurocurrency Rate Advance (each of which shall be a “Type” of Advance). 
 “Affected Financial Institution” means (a) any EEA Financial Institution or (b) any UK Financial
Institution. 
 “Affiliate” means, as to any
Person, any other Person that, directly or indirectly, controls, is controlled by or is under common control with such Person or is a director or officer of such Person. For purposes of this definition, the term “control” (including the
terms “controlling”, “controlled by” and “under common control with”) of a Person means the possession, direct or indirect, of the power to vote 15% or more of the Voting Stock of such Person or to direct or cause the
direction of the management and policies of such Person, whether through the ownership of Voting Stock, by contract or otherwise; provided, however, that with respect to the Agent or any Lender, the term “control” (including
the terms “controlling”, “controlled by” and “under common control with”) of a Person means the possession, direct or indirect, of the power to vote 5% or more of the Voting Stock of such Person. 

“Agent” has the meaning specified in the preamble hereto. 

“Agent’s Account” means (a) in the case of Advances denominated in Dollars, the account of the Agent
maintained by the Agent at Citibank at its office at 388 Greenwich Street, New York, New York 10013, Account No. 36852248, Attention: Bank Loan Syndications, (b) in the case of Advances denominated in any Committed Currency, the account of
the Agent designated in writing from time to time by the Agent to the Borrowers and the Lenders for such services or related businesses may be transferred following the date hereof), Mizuho Bank, Ltd. and Deutsche Bank Securities Inc. 

  
 1 

 “Assignment and Assumption” means an assignment and
assumption entered into by a Lender and an Eligible Assignee, and accepted by the Agent, in substantially the form of Exhibit C hereto. 

“Assuming Lender” has the meaning specified in Section 2.17(d). “Assumption Agreement”
has the meaning specified in Section 2.17(d)(ii). 
 “Audited Financial Statements” means the
Consolidated balance sheet of the Company and its Subsidiaries as at December 31, 2017, and the related Consolidated statements of income and cash flows of the Company and its Subsidiaries for the fiscal year then ended. 

“Bail-In Action” means the exercise of any Write-Down and Conversion
Powers by the applicable EEA Resolution Authority in respect of any liability of an EEAAffected Financial Institution. 

“Bail-In Legislation” means,
(a) with respect to any EEA Member Country
implementing Article 55 of Directive 2014/59/EU of the European Parliament and of the Council of the European Union, the implementing
law, regulation rule or requirement for such EEA Member
Country from time to time which is described in the EU Bail-In Legislation Schedule. and (b) with respect to the United Kingdom, Part I of the United Kingdom
Banking Act 2009 (as amended from time to time) and any other law, regulation or rule applicable in the United Kingdom relating to the resolution of unsound or failing banks, investment firms or other financial institutions or their affiliates
(other than through liquidation, administration or other insolvency proceedings). 

“Bankruptcy Law” means any proceeding of the type referred to in Section 6.01(e) or Title 11, U.S. Code,
or any similar foreign, federal or state law for the relief of debtors. 
 “Base Rate” means a fluctuating
interest rate per annum in effect from time to time, which rate per annum shall at all times be equal to the highest of: 

(a) the rate of interest announced publicly by Citibank in New York, New York, from time to time, as Citibank’s base rate;

 (b) 1⁄2 of one percent per annum
above the Federal Funds Rate; and 
 (c) the ICE Benchmark Administration Limited Settlement Rate (or the successor thereto
if ICE Benchmark Administration Limited is no longer making such a rate available) applicable to Dollars for a period of one month (“One Month LIBOR”) plus 1.00% (for the avoidance of doubt, the One Month LIBOR for any day shall be
based on the rate appearing on the applicable Bloomberg screen (or other commercially available source providing such quotations as designated by the Agent from time to time) at approximately 11:00 a.m. London time on such day); provided that
if One Month LIBOR shall be less than zero, such rate shall be deemed to be zero for the purposes of this Agreement. 

  
 3 

 “Confidential Information” means information that is
furnished to the Agent or any Lender by or on behalf of any Borrower, but does not include any such information that is or becomes generally available to the public (other than as a result of a violation of this Agreement). 

“Consenting Lender” has the meaning specified in Section 2.18(b). “Consolidated” refers
to the consolidation of accounts in accordance with GAAP. 
 “Consolidated EBITDA” means, for any Person for
any period, Consolidated Net Income of such Person for such period adjusted to exclude the effects of (a) gains or losses from discontinued operations, (b) any extraordinary or other non-recurring non-cash gains or losses (including non-cash restructuring charges), (c) accounting changes including any changes to Accounting Standards Codification 715 (or any subsequently
adopted standards relating to pension and postretirement benefits) adopted by the Financial Accounting Standards Board after the date hereof, (d) interest expense, (e) income tax expense or benefit, (f) depreciation, amortization and
other non-cash charges (including actuarial gains or losses from pension and postretirement plans), (g) interest income, (h) equity income and losses, and (i) other
non- operating income or expense. For the purpose of calculating Consolidated EBITDA for any Person for any period, if during such period such Person or any Subsidiary of such Person shall have made a Material
Acquisition or Material Disposition, Consolidated EBITDA for such period shall be calculated after giving pro forma effect to such Material Acquisition or Material Disposition as if such Material Acquisition or Material Disposition occurred on the
first day of such period. 
 “Consolidated Net Income” means, for any Person for any period, the net income
of such Person and its Consolidated Subsidiaries, determined on a Consolidated basis for such period in accordance with GAAP. 

“Convert”, “Conversion” and “Converted” each refers to a conversion of
Advances of one Type into Advances of the other Type pursuant to Section 2.07, 2.08 or, 2.11 or 2.21. 

“Debt” of any Person means, without duplication, (a) all obligations of such Person for borrowed money or
with respect to deposits or advances of any kind, (b) all obligations of such Person evidenced by bonds, debentures, notes or similar instruments and (c) all guarantees by such Person of Debt of others. 

“Default” means any Event of Default or any event that would constitute an Event of Default but for the
requirement that notice be given or time elapse or both. 
 “Defaulting Lender” means, subject to
Section 2.19(d), at any time, any Lender that, at such time (a) has failed to perform any of its funding obligations hereunder, including in respect of its Advances, within two Business Days of the date required to be funded by it
hereunder unless such Lender notifies the Agent and the Company in writing that such failure is the result of such Lender’s determination that one or more conditions precedent to funding (each of which conditions precedent, together with any
applicable default, shall be specifically identified in such writing) has not been satisfied, (b) has notified the Company or the Agent that it does not intend to comply with its funding obligations or has made a public statement to that effect
with respect to its funding obligations hereunder or generally under other agreements in which it commits to extend credit (unless such writing or public statement relates to such Lender’s obligation to fund an Advance hereunder and states that
such position is based on such Lender’s determination that a condition precedent to funding (which condition precedent, together with any applicable 

  
 5 

 “Eligible Assignee” means any (i) Lender, Affiliate of
a Lender or Approved Fund and (ii) bank, financial institution or other institutional lender that meets the requirements to be an assignee under Section 9.06(b)(iii), (v) and (vi) (subject to such consents, if any, as may be required under
Section 9.06(b)(iii)). 
 “Equivalent” in Dollars of any Committed Currency on any date means the
equivalent in Dollars of such Committed Currency determined by using the quoted spot rate at which the Agent’s principal office in London offers to exchange Dollars for such Committed Currency in London at approximately 4:00 P.M. (London time)
(unless otherwise indicated by the terms of this Agreement) on such date as is required pursuant to the terms of this Agreement, and the “Equivalent” in any Committed Currency of Dollars means the equivalent in such Committed Currency of
Dollars determined by using the quoted spot rate at which the Agent’s principal office in London offers to exchange such Committed Currency for Dollars in London at approximately 4:00 P.M. (London time) (unless otherwise indicated by the terms
of this Agreement) on such date as is required pursuant to the terms of this Agreement. 
 “ERISA” means the
Employee Retirement Income Security Act of 1974, as amended from time to time, and the regulations promulgated and rulings issued thereunder. 

“ERISA Affiliate” means any Person that for purposes of Title IV of ERISA is a member of the Company’s
controlled group, or under common control with the Company, within the meaning of Section 414 of the Internal Revenue Code. 

“EU Bail-In Legislation Schedule” means the EU Bail-In Legislation Schedule published by the Loan Market Association (or any successor Person), as in effect from time to time. 

“Euro” means the lawful currency of the European Union as constituted by the Treaty of Rome which established
the European Community, as such treaty may be amended from time to time and as referred to in the legislative measures of the European Council for the introduction of, changeover to or operation of a single or unified European currency. 

“Eurocurrency Lending Office” means, with respect to any Lender, the office of such Lender specified as its
“Eurocurrency Lending Office” in its Administrative Questionnaire delivered to the Agent, or such other office of such Lender as such Lender may from time to time specify to the Company and the Agent. 

“Eurocurrency Liabilities” has 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. 
 “Eurocurrency Rate” means, for any Interest
Period for each Eurocurrency Rate Advance comprising part of the same Borrowing, an interest rate per annum equal to the rate per annum obtained by dividing
(a) in the case of each Eurocurrency Rate Advance denominated in a currency other than
Euro, the rate per annum appearing on the applicable Bloomberg screen as the London interbank offered rate for deposits in Dollars or the applicable Committed Currency at approximately 11:00 A.M.
(London time) two Business Days prior to the first day of such Interest Period for a term comparable to such Interest Period or, if for any reason such rate is
not available, the average of the rate per annum at which deposits in Dollars or the applicable Committed Currency are offered by the principal office of each of the Reference Banks in London, England to prime banks in the London interbank market at
11:00 A.M. (Londonand (y) in the case of each Eurocurrency Rate Advance denominated in Euro, the rate per annum appearing on the applicable Bloomberg
screen as the European Money Markets Institute 

  
 7 

Settlement
Rates for deposits in Euro at approximately 10:00 a.m. (Brussels time) two Business Days
beforeprior
 to the
first day of such Interest Period in an amount substantially equal to such Reference Bank’s Eurocurrency Rate Advance comprising part of such Borrowing to
be outstanding during such Interest Period and for a period equalfor a term comparable to such Interest Period by (b) a percentage equal to 100% minus the Eurocurrency Rate Reserve Percentage for such Interest Period; provided that if the Eurocurrency Rate shall be less than zero, such
rate shall be deemed to be zero for the purposes of this Agreement. If the applicable Bloomberg screen is unavailable, the Eurocurrency Rate for any Interest
Period for each Eurocurrency Rate Advance comprising part of the same Borrowing shall be determined by the Agent on the basis of applicable rates furnished to and received by the Agent from the Reference Banks two Business Days before the first day
of such Interest Period, subject, however, to the provisions of Section 2.07. 

“Eurocurrency Rate Advance” means an Advance denominated in Dollars or a Committed Currency that bears
interest as provided in Section 2.06(a)(ii). 
 “Eurocurrency Rate Reserve Percentage” for any Interest
Period for all Eurocurrency Rate Advances comprising part of the same Borrowing means the reserve percentage applicable two Business Days before the first day of such Interest Period under regulations issued from time to time by the Board of
Governors of the Federal Reserve System (or any successor) for determining the maximum reserve requirement (including, without limitation, any emergency, supplemental or other marginal reserve requirement) for a member bank of the Federal Reserve
System in New York City with respect to liabilities or assets consisting of or including Eurocurrency Liabilities (or with respect to any other category of liabilities that includes deposits by reference to which the interest rate on Eurocurrency
Rate Advances is determined) having a term equal to such Interest Period. 
 “Events of Default” has the
meaning specified in Section 6.01. 
 “Existing Credit Agreement” means that certain $12,000,000,000
Amended and Restated Credit Agreement dated as of December 11, 2015, among, the Company, the lenders parties thereto and Citibank, as administrative agent. 

“Extension Date” has the meaning specified in Section 2.18(b). 

“FATCA” means Sections 1471 through 1474 of the Internal Revenue Code, as in effect on the date hereof, (or
any amended or successor version that is substantively comparable and not materially more onerous to comply with), any current or future regulations or official interpretations thereof and any agreements entered into pursuant to
Section 1471(b)(1) of the Internal Revenue Code, any intergovernmental agreement entered into in connection with the implementation of such Sections of the Internal Revenue Code and any fiscal or regulatory legislation, rules or practices
adopted pursuant to such intergovernmental agreement. 
 “Federal Funds Rate” means, for any period, a
fluctuating interest rate per annum equal for each day during such period to the weighted average of the rates on overnight Federal funds transactions with members of the Federal Reserve System, as published for such day (or, if such day is not a
Business Day, for the next preceding Business Day) by the Federal Reserve Bank of New York; provided that if the Federal Funds Rate shall be less than zero, such rate shall be deemed to be zero for the purposes of this Agreement. 

  
 8 

 “Fitch” means Fitch Ratings, Inc., or any successor to its
rating agency business. 
 “Fund” means any Person (other than a natural Person) that is (or will be)
engaged in making, purchasing, holding or otherwise investing in commercial loans and similar extensions of credit in the ordinary course of its activities. 

“GAAP” has the meaning specified in Section 1.03. 

“Guaranteed Obligations” has the meaning specified in Section 7.01. 

“Increase Date” has the meaning specified in Section 2.17(a). 

“Increasing Lender” has the meaning specified in Section 2.17(b). 

“Indemnified Costs” has the meaning specified in Section 8.08. 

“Indemnified Party” has the meaning specified in Section 9.04(b). 

“Information Memorandum” means the information memorandum dated November 2018 used by the Agent in connection
with the syndication of the Commitments. 
 “Initial Lenders” has the meaning specified in the preamble
hereto. 
 “Interest Period” means, for each Eurocurrency Rate Advance comprising part of the same
Borrowing, the period commencing on the date of such Eurocurrency Rate Advance or the date of the Conversion of any Base Rate Advance into such Eurocurrency Rate Advance and ending on the last day of the period selected by the applicable Borrower
pursuant to the provisions below and, thereafter, each subsequent period commencing on the last day of the immediately preceding Interest Period and ending on the last day of the period selected by such Borrower pursuant to the provisions below. The
duration of each such Interest Period shall be one, two (for currencies other than Euros), three or six months as the applicable Borrower may, upon notice received by the Agent not later than 11:00 A.M. (New York City time) on the third Business Day prior to the first day of such Interest Period,
select; provided, however, that: 
 (a) no Borrower may select any Interest Period that ends after any
Termination Date if, after giving effect thereto, the amount of such Borrowing would exceed the Commitments of Lenders for which a later Termination Date applies; 

(b) Interest Periods commencing on the same date for Eurocurrency Rate Advances comprising part of the same Borrowing shall be
of the same duration; 
 (c) whenever the last day of any Interest Period would otherwise occur on a day other than a
Business Day, the last day of such Interest Period shall be extended to occur on the next succeeding Business Day, provided, however, that, if such extension would cause the last day of such Interest Period to occur in the next
following calendar month, the last day of such Interest Period shall occur on the next preceding Business Day; and 
 (d)
whenever the first day of any Interest Period occurs on a day of an initial calendar month for which there is no numerically corresponding day in the calendar month that succeeds such initial calendar month by the number of months equal to the 

  
 9 

 “Net Debt for Borrowed Money” of any Person means
(a) all items that, in accordance with GAAP, would be classified as indebtedness on a Consolidated balance sheet of such Person minus (b) the amount by which the sum of (i) 100% of unrestricted cash and cash equivalents held by the Company
and its Subsidiaries in the United States (it being understood and agreed that any proceeds of any issuance by the Company of unsecured debt securities, other debt securities or borrowing of term loans in connection with financing an acquisition,
investment, refinancing or other transaction held or placed into escrow shall be deemed to be unrestricted for purposes of this definition), and funds available on demand by the Company and its Subsidiaries in the United States (including but not
limited to time deposits), and (ii) 65% of unrestricted cash and cash equivalents held by the Company and its Subsidiaries outside of the United States, exceeds $2,000,000,000 in the aggregate. For the avoidance of doubt, any cash and cash
equivalents held by the Company and its Subsidiaries outside of the United States shall not be considered “restricted” solely as a result of the repatriation of such cash and cash equivalents being subject to any legal limitation or
otherwise resulting in adverse tax consequences to the Company or any of its Subsidiaries. 
 “Net Tangible
Assets” means, at any date, the total assets appearing on the most recently prepared Consolidated balance sheet of the Company and its Subsidiaries as of the end of the most recent fiscal quarter of the Company for which such balance sheet
is available, prepared in accordance with GAAP, less (a) all current liabilities as shown on such balance sheet and (b) the value (net of any applicable reserves), as shown on such balance sheet of (i) all trade names, trademarks,
licenses, patents, copyrights and goodwill, (ii) organizational costs and (iii) deferred charges (other than prepaid items such as insurance, taxes, interest, commissions, rents and similar items and tangible assets being amortized), as
adjusted in good faith by the Company to give pro forma effect to any Material Acquisition or Material Disposition occurring after the end of such fiscal quarter. 

“Non-Approving Lender” means any Lender that does not approve any
consent, waiver or amendment that (i) requires the approval of all or all affected Lenders in accordance with the terms of Section 9.01 and (ii) has been approved by the Required Lenders. 

“Non-Consenting Lender” has the meaning specified in
Section 2.18(b). 
 “Non-U.S. Lender” has the meaning specified
in Section 2.13(f)(i). 
 “Note” means a promissory note of any Borrower payable to the order of any Lender, delivered pursuant to a request made under Section 2.15 in substantially the form of
Exhibit A hereto, evidencing the aggregate indebtedness of such Borrower to such Lender resulting from the Advances made by such Lender. 

“Notice of Borrowing” has the meaning specified in Section 2.02(a). 

“Other Connection Taxes” means, with respect to any Lender or Agent, taxes imposed as a result of a present or
former connection between such Person and the jurisdiction imposing such tax (other than connections arising solely from such Person having executed, delivered, become a party to, performed obligations under, received payments under, received or
perfected a security interest under, engaged in any other transaction pursuant to or enforced this Agreement, or the Notes or any other documents to be delivered hereunder, or sold or assigned an interest in any such documents). 

  
 11 

 “Protesting Lender” has the meaning specified in
Section 9.08(a). 
 “Public Debt Rating” means, as of any date, the rating that has been most recently
announced by any of S&P, Moody’s or Fitch, as the case may be, for any class of non-credit enhanced long-term senior unsecured debt issued by the Company or, if any such rating agency shall have
issued more than one such rating, the lowest such rating issued by such rating agency. For purposes of the foregoing, (a) if only one of S&P, Moody’s and Fitch shall have in effect a Public Debt Rating, the Applicable Margin and the
Applicable Percentage shall be determined by reference to the available rating; (b) if none of S&P, Moody’s or Fitch shall have in effect a Public Debt Rating, the Applicable Margin and the Applicable Percentage will be set in
accordance with Level 4 under the definition of “Applicable Margin” or “Applicable Percentage”, as the case may be; (c) if the ratings established by S&P, Moody’s and Fitch fall within different
levels, the Applicable Margin and the Applicable Percentage shall be based upon the highest rating, unless the lowest of such ratings is more than one level below the highest of such ratings, in which case the Applicable Margin and the Applicable
Percentage shall be based upon the rating that is one level above the lowest of such ratings; (d) if any rating established by S&P, Moody’s or Fitch shall be changed, such change shall be effective as of the date on which such change
is first announced publicly by the rating agency making such change; and (e) if S&P, Moody’s or Fitch shall change the basis on which ratings are established, each reference to the Public Debt Rating announced by S&P, Moody’s
or Fitch, as the case may be, shall refer to the then equivalent rating by S&P, Moody’s or Fitch, as the case may be. 

“Quarterly Financial Statements” means the Consolidated balance sheet of the Company and its Subsidiaries as
at September 30, 2018, and the related Consolidated statements of income and cash flows of the Company and its Subsidiaries for the nine month period then ended. 

“Receivables Securitization” means sales of accounts receivable of the Company or any of its Subsidiaries in
connection with agreements for limited recourse or non-recourse sales by the Company or such Subsidiary for cash; provided that (a) any such agreement is of a type and on terms customary for
comparable transactions in the good faith judgment of the Board of Directors of the Company or such Subsidiary and (b) such agreement does not create any interest in any asset other than accounts receivable (and property securing or otherwise
supporting accounts receivable), proceeds of the foregoing and accounts into which such proceeds are paid or held. 
 “Reference Banks” means Citibank, JPMorgan Chase Bank, N.A. and Mizuho Bank, Ltd. 

“Register” has the meaning specified in Section 9.06(c). 

“Related Parties” means, with respect to any Person, such Person’s Affiliates and the partners,
directors, officers, employees, agents and advisors of such Person and of such Person’s Affiliates. 
 “Required
Lenders” means at any time Lenders owed at least a majority in interest of the then aggregate unpaid principal amount (based on the Equivalent in Dollars at such time) of the Advances, or, if no such principal amount is then outstanding,
Lenders having at least a majority in interest of the Commitments, provided that (a) if any Lender shall be a Defaulting Lender at such time, there shall be excluded from the determination of Required Lenders at such time the Advances or
Commitments, as applicable, of such Lender at such time and (b) if any Lender and its Affiliates shall hold Advances or Commitments of 15% or more of the then outstanding Advances or Commitments, as applicable, such excess shall be excluded
from the determination of Required Lenders, unless the Company has consented to such aggregate holdings. 

  
 13 

“Resolution
 Authority” means an EEA Resolution Authority or, with respect to any UK Financial Institution, a UK Resolution Authority. 

“S&P” means S&P Global Ratings, a division of S&P Global Inc., or any successor to its rating
agency business. 
 “Sanctions” means economic or financial sanctions or trade embargoes imposed,
administered or enforced from time to time by (a) the U.S. government, including those administered by the Office of Foreign Assets Control of the U.S. Department of the Treasury or the U.S. Department of State, or (b) the United Nations
Security Council, the European Union or Her Majesty’s Treasury of the United Kingdom. 
 “Single Employer
Plan” means a single employer plan, as defined in Section 4001(a)(15) of ERISA, that (a) is maintained for employees of the Company or any ERISA Affiliate and no Person other than the Company and the ERISA Affiliates or
(b) was so maintained and in respect of which the Company or any ERISA Affiliate could have liability under Section 4069 of ERISA in the event such plan has been or were to be terminated. 

“Subordinated Obligations” has the meaning specified in Section 7.05. 

“Subsidiary” of any Person means any corporation, partnership, joint venture, limited liability company, trust
or estate of which (or in which) more than 50% of (a) the issued and outstanding capital stock having ordinary voting power to elect a majority of the Board of Directors of such corporation (irrespective of whether at the time capital stock of
any other class or classes of such corporation shall or might have voting power upon the occurrence of any contingency), (b) the interest in the capital or profits of such limited liability company, partnership or joint venture or (c) the
beneficial interest in such trust or estate is at the time directly or indirectly owned or controlled by such Person, by such Person and one or more of its other Subsidiaries or by one or more of such Person’s other Subsidiaries. 

“Taxes” has the meaning specified in Section 2.13(a). 

“Telco” has the meaning specified in Section 5.02(a)(vi). 

“Termination Date” means the earlier of (a) December 11, 2023, subject to the extension thereof
pursuant to Section 2.18, and (b) the date of termination in whole of the Commitments pursuant to Section 2.04 or 6.01; provided, however, that (a) the Termination Date of any Lender that is a Non-Consenting Lender to any requested extension pursuant to Section 2.18 shall be the Termination Date in effect immediately prior to the applicable Extension Date for all purposes of this Agreement and
(b) if such date is not a Business Day, the Termination Date shall be the next preceding Business Day. 
 “Three Year Credit Agreement” means the Amended and Restated Credit
Agreement dated December 11, 2018, among the
Company, the lenders parties thereto and Citibank, as administrative agent, as such agreement may be amended, supplemented or otherwise modified hereafter from time to time. 

  
 14 

 “Threshold Amount” means $1,000,000,000. 

“Type” has the meaning specified in the definition of “Advance.” 

“UK
 Financial Institution” means any BRRD Undertaking (as such term is defined under the PRA Rulebook (as amended from time to time) promulgated by the United Kingdom Prudential Regulation Authority) or any Person falling within IFPRU 11.6 of the
FCA Handbook (as amended from time to time) promulgated by the United Kingdom Financial Conduct Authority, which includes certain credit institutions and investment firms, and certain affiliates of such credit institutions or investment
firms. 
 “UK Resolution Authority” means the Bank of England or any other public administrative authority having responsibility for the resolution of any UK Financial Institution. 

“Voting Stock” means capital stock issued by a corporation, or equivalent interests in any other Person, the
holders of which are ordinarily, in the absence of contingencies, entitled to vote for the election of directors (or persons performing similar functions) of such Person, even if the right to so vote has been suspended by the happening of such a
contingency. 
 “Write-Down and Conversion Powers” means, (a) with respect to any EEA Resolution Authority, the write-down
and conversion powers of such EEA Resolution Authority from time to time under the Bail-In Legislation for the applicable EEA Member Country, which write-down and conversion powers are described in the EU Bail-In Legislation
Schedule., and
(b) with respect to the United Kingdom, any powers of the applicable Resolution Authority under the Bail-In Legislation to cancel, reduce, modify or change the form of a liability of any UK Financial
Institution or any contract or instrument under which that liability arises, to convert all or part of that liability into shares, securities or obligations of that Person or any other Person, to provide that any such contract or instrument is to
have effect as if a right had been exercised under it or to suspend any obligation in respect of that liability or any of the powers under that Bail-In Legislation that are related to or ancillary to any of
those powers. 
 SECTION 1.02. Computation of Time Periods. In this
Agreement in the computation of periods of time from a specified date to a later specified date, the word “from” means “from and including” and the words “to” and “until” each mean “to but
excluding”. 
 SECTION 1.03. Accounting Terms; Interpretive Provisions. All accounting terms not specifically defined herein
shall be construed in accordance with generally accepted accounting principles consistent with those applied in the preparation of the Audited Financial Statements (“GAAP”); provided that whether a lease constitutes a capitalfinance lease or an operating lease shall be determined based on GAAP as in effect on the date
hereof (provided that, notwithstanding any modification or interpretative change thereto after the date hereof (including withoutthe foregoing, in no event will any lease that would have been categorized as an operating lease as determined in accordance
with GAAP prior to giving effect to any treatment of leases underthe Accounting Standards Codification 842 (or any other Accounting
Standards Codification or Financial Accounting Standard having a similar result or effect), or any modification or interpretative change to GAAP subsequent to the date
hereof, be considered a finance lease for purposes of this Agreement), and provided further that all terms of an accounting or financial nature used herein shall be construed, and all computations of amounts and ratios referred to herein shall be made
(i) without giving effect to any election under Accounting Standards Codification 825-10-25 (or any other Accounting Standards Codification or Financial Accounting
Standard having a similar result or effect) to value any Debt or other liabilities of the Company or any Subsidiary thereof at “fair value”, as defined therein and (ii) without giving effect to any treatment of Debt in respect of
convertible debt 

  
 15 

 
instruments under Accounting Standards Codification 470-20 (or any other Accounting Standards Codification or Financial Accounting Standard having a
similar result or effect) to value any such Debt in a reduced or bifurcated manner as described therein, and such Debt shall at all times be valued at the full stated principal amount thereof. 

Any reference herein to a merger, transfer, consolidation,
amalgamation, assignment, sale, disposition or transfer, or similar term, shall be deemed to apply to a division of or by a limited liability company, or an allocation of assets to a series of a limited liability company (or the unwinding of such a
division or allocation), as if it were a merger, transfer, consolidation, amalgamation, consolidation, assignment, sale, disposition or transfer, or similar term, as applicable, to, of or with a separate Person. Any division of a limited liability
company shall constitute a separate Person hereunder (and each division of any limited liability company that is a Subsidiary, joint venture or any other like term shall also constitute such a Person or entity). 

For all
purposes under this Agreement, in connection with any division or plan of division under Delaware law (or any comparable event under a different jurisdiction’s laws): (a) if any asset, right, obligation
or liability of any Person becomes the asset, right, obligation or liability of a different Person, then it shall be deemed to have been transferred from the original Person to the subsequent Person, and (b) if any new Person comes into
existence, such new Person shall be deemed to have been organized on the
first date of its existence by the holders of its Equity Interests at such time. 
 ARTICLE II 

AMOUNTS AND TERMS OF THE ADVANCES 

SECTION 2.01. The Advances. Each Lender severally agrees, on the terms and conditions hereinafter set forth, to make Advances to any
Borrower from time to time on any Business Day during the period from the Effective Date until the Termination Date applicable to such Lender in an aggregate amount (based in respect of any Advances to be denominated in a Committed Currency by
reference to the Equivalent thereof in Dollars determined on the date of delivery of the applicable Notice of Borrowing) not to exceed at any time outstanding such Lender’s Commitment. Each Borrowing shall be in an amount not less than the
Borrowing Minimum or the Borrowing Multiple in excess thereof and shall consist of Advances of the same Type made on the same day by the Lenders ratably according to their respective Commitments. Within the limits of each Lender’s Commitment,
the Borrowers may borrow under this Section 2.01, prepay pursuant to Section 2.09 and reborrow under this Section 2.01. 

SECTION 2.02. Making the Advances. (a) Each Borrowing shall be made on notice, given not later than (x) 11:00 A.M. (New York City
time) on the third Business Day prior to the date of the proposed Borrowing in the case of a Borrowing consisting of Eurocurrency Rate Advances denominated in Dollars, (y) 4:00 P.M. (London time) on the third Business Day prior to the date of the
proposed Borrowing in the case of a Borrowing consisting of Eurocurrency Rate Advances denominated in any Committed Currency, or (z) 11:00 A.M. (New York City time) on the date of the proposed Borrowing in the case of a Borrowing consisting of Base
Rate Advances, by any Borrower to the Agent, which shall give to each Lender prompt notice thereof in writing. Each such notice of a Borrowing (a “Notice of Borrowing”) shall be in writing in substantially the form of Exhibit B-1 hereto, specifying therein the requested (i) date of such Borrowing, (ii) Type of Advances comprising such Borrowing, (iii) aggregate amount of such Borrowing, and (iv) in the case of a Borrowing
consisting of Eurocurrency Rate Advances, initial Interest Period and currency for each such Advance. Each Lender shall, before 1:00 P.M. (New York City time) on the date of such Borrowing, in the case of a Borrowing consisting of Advances
denominated in Dollars, and before 11:00 A.M. (London time) on the date of such Borrowing, in the case of a Borrowing consisting of Eurocurrency Rate Advances denominated in any Committed 

  
 16 

 
Currency, make available for the account of its Applicable Lending Office to the Agent at the applicable Agent’s Account, in same day funds, such Lender’s ratable portion of such
Borrowing. After the Agent’s receipt of such funds and upon fulfillment of the applicable conditions set forth in Article III, the Agent will make such funds available to the Borrower requesting the Borrowing at the Agent’s address
referred to in Section 9.02 or at the applicable Payment Office, as the case may be. 
 (b) Anything in subsection (a) above to
the contrary notwithstanding, (i) no Borrower may select Eurocurrency Rate Advances for any Borrowing if the aggregate amount of such Borrowing is less than the Borrowing Minimum or if the obligation of the Lenders to make Eurocurrency Rate
Advances shall then be suspended pursuant to Section 2.07
or, 2.11 or 2.21 and
(ii) the Eurocurrency Rate Advances may not be outstanding as part of more than 12 separate Borrowings. 
 (c) Each Notice of
Borrowing shall be irrevocable and binding on the Borrower requesting the Borrowing. In the case of any Borrowing that the related Notice of Borrowing specifies is to be comprised of Eurocurrency Rate Advances, the Borrower requesting such Borrowing
shall indemnify each Lender against any loss, cost or expense incurred by such Lender as a result of any failure to fulfill on or before the date specified in such Notice of Borrowing for such Borrowing the applicable conditions set forth in Article
III, including, without limitation, any loss (excluding loss of anticipated profits), cost or expense incurred by reason of the liquidation or reemployment of deposits or other funds acquired by such Lender to fund the Advance to be made by such
Lender as part of such Borrowing when such Advance, as a result of such failure, is not made on such date. 
 (d) Unless the Agent shall
have received notice from a Lender prior to the time of any Borrowing that such Lender will not make available to the Agent such Lender’s ratable portion of such Borrowing, the Agent may assume that such Lender has made such portion available
to the Agent on the date of such Borrowing in accordance with subsection (a) of this Section 2.02 and the Agent may, in reliance upon such assumption, make available to the Borrower requesting such Borrowing on such date a corresponding
amount. If and to the extent that such Lender shall not have so made such ratable portion available to the Agent, such Lender and such Borrower severally agree to repay to the Agent forthwith on demand such corresponding amount together with
interest thereon, for each day from the date such amount is made available to such Borrower until the date such amount is repaid to the Agent, at (i) in the case of a Borrower, the higher of (A) the interest rate applicable at the time to
Advances comprising such Borrowing and (B) the cost of funds incurred by the Agent in respect of such amount and (ii) in the case of such Lender, (A) the Federal Funds Rate in the case of Advances denominated in Dollars or
(B) the cost of funds incurred by the Agent in respect of such amount in the case of Advances denominated in Committed Currencies. If such Lender shall repay to the Agent such corresponding amount, such amount so repaid shall constitute such
Lender’s Advance as part of such Borrowing for purposes of this Agreement. 
 (e) The failure of any Lender to make the Advance to be
made by it as part of any Borrowing shall not relieve any other Lender of its obligation, if any, hereunder to make its Advance on the date of such Borrowing, but no Lender shall be responsible for the failure of any other Lender to make the Advance
to be made by such other Lender on the date of any Borrowing. 
 SECTION 2.03. Fees. (a) Facility Fee. The Company agrees
to pay to the Agent for the account of each Lender a facility fee on the amount of such Lender’s Commitment then in effect from the Effective Date in the case of each Initial Lender and from the effective date specified in the Assumption
Agreement or the Assignment and Assumption pursuant to which it became a Lender in the case of each other Lender until the Termination Date applicable to such Lender, at a rate per annum equal to the Applicable Percentage in effect from time to
time, payable in arrears quarterly on the last day of each March, June, September and December, commencing March 31, 2019, and on the Termination Date; 

  
 17 

 
provided that no Defaulting Lender shall be entitled to receive any facility fee in respect of its Commitment for any period during which that Lender is a Defaulting Lender except to the
extent allocable to the outstanding principal amount of Advances funded by such Defaulting Lender (and the Company shall not be required to pay such fee that otherwise would have been required to have been paid to that Defaulting Lender). 

(b) Agent’s Fees. The Company shall pay to the Agent for its own account such fees as may from time to time be agreed between the
Company and the Agent. 
 SECTION 2.04. Optional Termination or Reduction of the Commitments. The Company shall have the right, upon
at least three Business Days’ notice to the Agent, to terminate in whole or permanently reduce ratably in part the unused portions of the respective Commitments of the Lenders, provided that (i) each partial reduction shall be in an
amount not less than the Borrowing Minimum or the Borrowing Multiple in excess thereof and (ii) each such reduction shall be applied to the respective Commitments of the Lenders ratably. Any notice of termination or reduction delivered by the Company may be conditioned upon the effectiveness of other
transactions, in which case, such notice may be revoked or its effectiveness deferred by the Company by notice to the Agent if such condition is not satisfied. 

SECTION 2.05. Repayment of Advances. The Borrowers shall repay to the Agent for the ratable account of each Lender on the Termination
Date applicable to such Lender the aggregate principal amount of the Advances made by such Lender then outstanding. 
 SECTION 2.06.
Interest on Advances. (a) Scheduled Interest. Each Borrower shall pay interest on the unpaid principal amount of each Advance made to it owing to each Lender from the date of such Advance until such principal amount shall be paid
in full, at the following rates per annum: 
 (i) Base Rate Advances. During such periods as such Advance is a Base
Rate Advance, a rate per annum equal at all times to the sum of (x) the Base Rate in effect from time to time plus (y) the Applicable Margin in effect from time to time, payable in arrears quarterly on the last day of each March,
June, September and December during such periods and on the date such Base Rate Advance shall be Converted or paid in full. 

(ii) Eurocurrency Rate Advances. During such periods as such Advance is a Eurocurrency Rate Advance, a rate per annum
equal at all times during each Interest Period for such Advance to the sum of (x) the Eurocurrency Rate for such Interest Period for such Advance plus (y) the Applicable Margin in effect from time to time, payable in arrears on the
last day of such Interest Period and, if such Interest Period has a duration of more than three months, on each day that occurs during such Interest Period every three months from the first day of such Interest Period and on the date such
Eurocurrency Rate Advance shall be Converted or paid in full. 
 (b) Default Interest. (i) Upon the occurrence and during the
continuance of an Event of Default under Section 6.01(a), the Agent shall, and upon the occurrence and during the continuance of any other Event of Default, the Agent may, and upon the request of the Required Lenders shall, require the
Borrowers to pay interest (“Default Interest”) on (A) the unpaid principal amount of each Advance, payable in arrears on the dates referred to in clause (a)(i) or (a)(ii) above, at a rate per annum equal at all times to 2% per
annum above the rate per annum required to be paid on such Advance pursuant to clause (a)(i) or (a)(ii) above and (B) to the fullest extent permitted by law, the amount of any interest, fee or other amount payable hereunder that is not paid
when due, from the date such amount shall be due until such amount shall be paid in full, payable in arrears on the date such amount shall be paid in full and on demand, at a rate per annum equal at all times to 2% per annum above the rate per annum
required to be paid on Base Rate Advances pursuant to clause (a)(i) above, provided, however, that following acceleration of the Advances pursuant to Section 6.01, Default Interest shall accrue and be payable hereunder whether or
not previously required by the Agent. 

  
 18 

 SECTION 2.07. Interest Rate Determination. (a) Each Reference Bank agrees to furnish to the Agent timely information for the purpose of determining each Eurocurrency Rate. If any one or more of the Reference Banks shall
not furnish such timely information to the Agent for the purpose of determining any such interest rate, the Agent shall determine such interest rate on the basis of timely information furnished by the remaining Reference Banks. The Agent shall give prompt notice (i) to the Company and
the Lenders of the applicable interest rate determined by the Agent for purposes of Section 2.06(a)(i) or (a)(ii) and (ii) to the Company the rate, if
any, furnished by each Reference Bank for the purpose of determining the interest rate under Section 2.06(a)(ii) (it being understood that the Agent shall not be required to disclose to any party hereto (other than the Company) any information
regarding any Reference Bank or any rate provided by such Reference Bank in accordance with the definition of “Eurocurrency Rate”, including, without limitation, whether a Reference Bank has provided a rate or the rate provided by any
individual Reference Bank). Each determination by the Agent of an interest rate hereunder shall be conclusive and binding for all purposes, absent manifest error. 

(b) If, with respect to any Eurocurrency Rate Advances, the Required Lenders notify the Agent that (i) they are unable to obtain matching
deposits in the London inter-bank market at or about 11:00 A.M. (London time) on the second Business Day before the making of a Borrowing in sufficient amounts to fund their respective Advances as a part of such Borrowing during its Interest Period
or (ii) the Eurocurrency Rate for any Interest Period for such Advances will not adequately reflect the cost to such Required Lenders of making, funding or maintaining their respective Eurocurrency Rate Advances for such Interest Period, the Agent
shall forthwith so notify the Company and the Lenders, whereupon (A) each Borrower will, on the last day of the then existing Interest Period therefor (1) if such Eurocurrency Rate Advances are denominated in Dollars, either (x) prepay
such Advances or (y) Convert such Advances into Base Rate Advances and (2) if such Eurocurrency Rate Advances are denominated in any Committed Currency, either (x) prepay such Advances or (y) exchange such Advances into an
Equivalent amount of Dollars and Convert such Advances into Base Rate Advances and (B) the obligation of the Lenders to make, or to Convert Advances into, Eurocurrency Rate Advances shall be suspended until the Agent shall notify the Company
and the Lenders that the circumstances causing such suspension no longer exist; provided that, if the circumstances set forth in clause (ii) above are applicable, the applicable Borrower may elect, by notice to the Agent and the Lenders,
to continue such Advances in such Committed Currency for Interest Periods of not longer than one month, which Advances shall thereafter bear interest at a rate per annum equal to the Applicable Margin plus, for each Lender, the cost to such Lender
(expressed as a rate per annum) of funding its Eurocurrency Rate Advances by whatever means it reasonably determines to be appropriate. Each Lender shall certify its cost of funds for each Interest Period to the Agent and the Company as soon as
practicable (but in any event not later than ten Business Days after the first day of such Interest Period). 
 (c) If any Borrower shall
fail to select the duration of any Interest Period for any Eurocurrency Rate Advances made to it in accordance with the provisions contained in the definition of “Interest Period” in Section 1.01, the Agent will forthwith so notify
such Borrower and the Lenders and such Advances will automatically, on the last day of the then existing Interest Period therefor (i) if such Eurocurrency Rate Advances are denominated in Dollars, Convert into Base Rate Advances and
(ii) if such Eurocurrency Rate Advances are denominated in a Committed Currency, be exchanged for an Equivalent amount of Dollars and Converted into Base Rate Advances; provided, that the applicable Borrower may direct the Agent in the
applicable Notice of Borrowing to continue Eurocurrency Rate Advances as successive Interest Periods of the same duration until such Borrower shall give the Agent written notice at least five Business Days prior to the end of an Interest Period in
the form of Exhibit B-2 that, as of the end of such Interest Period, the applicable Eurocurrency Rate Advances shall Convert into Base Rate Advances or shall be continued as Eurocurrency Rate Advances having
an Interest Period as so notified. 

  
 19 

 (d) On the date on which the aggregate unpaid principal amount of Eurocurrency Rate Advances
comprising any Borrowing shall be reduced, by payment or prepayment or otherwise, to less than the Borrowing Minimum, such Advances shall automatically (i) if such Eurocurrency Rate Advances are denominated in Dollars, Convert into Base Rate
Advances and (ii) if such Eurocurrency Rate Advances are denominated in a Committed Currency, be exchanged for an Equivalent amount of Dollars and Converted into Base Rate Advances. 

(e) Upon the occurrence and during the continuance of any Event of Default (i) each Eurocurrency Rate Advance will automatically, on the
last day of the then existing Interest Period therefor, (A) if such Eurocurrency Rate Advances are denominated in Dollars, be Converted into Base Rate Advances and (B) if such Eurocurrency Rate Advances are denominated in any Committed
Currency, be exchanged for an Equivalent amount of Dollars and be Converted into Base Rate Advances and (ii) the obligation of the Lenders to make, or to Convert Advances into, Eurocurrency Rate Advances shall be suspended. 

(f) If the applicable Bloomberg screen is unavailable and
fewer than two Reference Banks furnish timely information to the Agent for determining the Eurocurrency Rate for any Eurocurrency Rate Advances, 

(i) the Agent shall forthwith notify the Company and the Lenders that the interest rate cannot be determined for such
Eurocurrency Rate Advances, 
 (ii) with respect to Eurocurrency Rate Advances, each such Advance will automatically, on the
last day of the then existing Interest Period therefor (A) if such Eurocurrency Rate Advance is denominated in Dollars, Convert into a Base Rate Advance and (B) if such Eurocurrency Rate Advance is denominated in any Committed Currency, be
prepaid by the applicable Borrower or be automatically exchanged for an Equivalent amount of Dollars and be Converted into a Base Rate Advance (or if such Advance is then a Base Rate Advance, will continue as a Base Rate Advance), and 

(iii) the obligation of the Lenders to make Eurocurrency Rate Advances or to Convert Advances into Eurocurrency Rate Advances
shall be suspended until the Agent shall notify the Company and the Lenders that the circumstances causing such suspension no longer exist. 

(g) Notwithstanding anything to the contrary in this
Agreement, if the Agent determines (which determination shall be conclusive absent manifest error), or the Required Lenders notify the Agent (with a copy to the Company) that the Required Lenders have determined, that: 

(i) adequate and reasonable means do not
exist for ascertaining the Eurocurrency Rate for any requested Interest Period, including, without limitation, because the Eurocurrency Rate as determined by the first method described in the definition of “Eurocurrency Rate” is not
available or published on a current basis and such circumstances are unlikely to be temporary; or 

(ii) the supervisor for the administrator of
LIBOR (as defined below) or a governmental authority having jurisdiction over the Agent has made a public statement identifying a specific date after which LIBOR shall no longer be made available, or used for determining the interest rate of loans
(such specific date, the “Scheduled Unavailability Date”), 

  
 20 

 then,
after such determination by the Agent or receipt by the Agent of such notice, as applicable, the Agent and the Company may amend this Agreement to replace LIBOR and the Eurocurrency Rate with an alternate benchmark rate (including any mathematical
or other adjustments to the benchmark (if any) incorporated therein) that has been broadly accepted by the syndicated loan market in the United States in lieu of LIBOR (any such proposed rate, a “LIBOR Successor Rate”, which rate, if less than zero, shall be deemed to be zero for purposes of this Agreement),
together with any proposed LIBOR Successor Rate Conforming Changes (as defined below) and, notwithstanding anything to the contrary in Section 9.01, any such amendment shall become effective at 5:00 p.m. (New York time) on the tenth Business
Day after the Agent shall have posted such proposed amendment to all Lenders and the Company unless, prior to such time, Lenders comprising the Required Lenders have delivered to the Agent notice that such Required Lenders do not accept such
amendment. 
 If no LIBOR Successor Rate has been determined and the circumstances under clause (i) above exist or the Scheduled Unavailability Date has occurred, the obligation of
the Lenders to make or maintain Eurocurrency Rate Advances shall be suspended (to the extent of the affected Eurocurrency Rate Advances or Interest Periods) and the determination of the Base Rate shall be made without regard to clause (c) of
the definition thereof. Upon receipt of such notice, the Borrowers may revoke any pending request for a Borrowing comprised of, conversion to or
continuation of Eurocurrency Rate Advances (to the extent of the affected Eurocurrency Rate
Advances or Interest Periods) or, failing that, will be deemed to have converted such request into a request for a Borrowing of Base Rate Advances in the amount specified therein. 

“LIBOR” means the ICE Benchmark Settlement Rate, as published by
Bloomberg (or, if unavailable for any reason by Bloomberg, then by reference to another commercially available source providing quotations of the ICE Benchmark Settlement Rate, such as Reuters) for deposits in the applicable
currency. 
 “LIBOR Successor Rate Conforming Changes” means, with respect to any proposed LIBOR Successor Rate, any conforming changes to the definition of Base Rate, Interest Period, timing and frequency of
determining rates and making payments of interest and other administrative matters as may be appropriate, in the discretion of the Agent in
consultation with the Company, to reflect the adoption of such LIBOR Successor Rate and to permit the administration thereof by the Agent in
a manner substantially consistent with market practice (or, if the Agent determines that adoption
of any portion of such market practice is not administratively feasible or that no market practice for the administration of such LIBOR Successor Rate exists, in such other manner of administration as the Agent determines in consultation with the Company). 

SECTION 2.08. Optional Conversion of Advances. The Borrower of any Advance may on any Business Day, upon notice given to the Agent not
later than 11:00 A.M. (New York City time) on the third Business Day prior to the date of the proposed Conversion and subject to the provisions of Sections 2.07
and, 2.11 and 2.21, Convert
all Advances made to such Borrower denominated in Dollars of one Type comprising the same Borrowing into Advances denominated in Dollars of the other Type; provided, however, that any Conversion of Eurocurrency Rate Advances into Base
Rate Advances shall be made only on the last day of an Interest Period for such Eurocurrency Rate Advances, any Conversion of Base Rate Advances into Eurocurrency Rate Advances shall be in an amount not less than the minimum amount specified in
Section 2.02(b) and no Conversion of any Advances shall result in more separate Borrowings than permitted under Section 2.02(b). Each such notice of a Conversion shall, within the restrictions specified above, specify (i) the date of
such Conversion, (ii) the Dollar denominated Advances to be Converted, and (iii) if such Conversion is into Eurocurrency Rate Advances, the duration of the initial Interest Period for each such Advance. Each notice of Conversion shall be
irrevocable and binding on the Borrower giving such notice. 

  
 21 

 SECTION 2.09. Prepayments of Advances. (a) Optional. Any Borrower may at
any time or from time to time voluntarily prepay Advances in whole or in part without premium or penalty (except as may be required by Section 9.04(c)), upon notice to the Agent at least two Business Days’ prior to the date of such
prepayment, in the case of Eurocurrency Rate Advances, and not later than 11:00 A.M. (New York City time) on the date of such prepayment, in the case of Base Rate Advances, stating the proposed date and aggregate principal amount of the prepayment;
provided, however, that (x) each partial prepayment shall be in an aggregate principal amount of the Borrowing Minimum or a Borrowing Multiple in excess thereof and (y) in the event of any such prepayment of a Eurocurrency
Rate Advance, such Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 9.04(c).
Any notice of prepayment delivered by the Company may be conditioned upon the effectiveness of other transactions, in
which case, such notice may be revoked or its effectiveness deferred by the Company by notice to the Agent if such condition is not satisfied. On the prepayment date, the applicable Borrower shall
prepay the principal amount specified in the notice, together with accrued interest to the date of such prepayment on the principal amount prepaid. 

(b) Mandatory. (i) If, on any date, the Agent notifies the Company that, as of the most recent interest payment date, the sum of
(A) the aggregate principal amount of all Advances denominated in Dollars then outstanding plus (B) the Equivalent in Dollars (determined on the third Business Day prior to such interest payment date) of the aggregate principal amount of
all Advances denominated in Committed Currencies then outstanding exceeds 105% of the aggregate Commitments on such date, the Borrowers shall, as soon as practicable and in any event within two Business Days after receipt of such notice, subject to
the proviso to this sentence set forth below, prepay the outstanding principal amount of any Advances in an aggregate amount sufficient to reduce such sum to an amount not to exceed 100% of the aggregate Commitments on such date, together with any
interest accrued to the date of such prepayment on the aggregate principal amount of Advances prepaid; provided that if the aggregate principal amount of Base Rate Advances outstanding at the time of such required prepayment is less than the
amount of such required prepayment, the portion of such required prepayment in excess of the aggregate principal amount of Base Rate Advances then outstanding shall be deferred until the last day of the next maturing Interest Period of the
outstanding Eurocurrency Rate Advances, in an aggregate amount equal to the excess of such required prepayment. The Agent shall give prompt notice of any prepayment required under this Section 2.09(b) to the Company and the Lenders, and shall
provide prompt notice to Company of any such notice of required prepayment received by it from any Lender. 
 (ii) Each prepayment made
pursuant to this Section 2.09(b) shall be made together with any interest accrued to the date of such prepayment on the principal amounts prepaid and, in the case of any prepayment of a Eurocurrency Rate Advance on a date other than the last
day of an Interest Period, any additional amounts which the applicable Borrower shall be obligated to reimburse to the Lenders in respect thereof pursuant to Section 9.04(b). 

(iii) The Agent shall calculate on the date of each Notice of Borrowing and on each interest payment date the sum of (A) the aggregate
principal amount of all Advances denominated in Dollars plus (B) the Equivalent in Dollars (determined on the third Business Day prior to such interest payment date) of the aggregate principal amount of all Eurocurrency Rate Advances
denominated in Committed Currencies and shall give prompt notice (and in any event no later than thirty days) of any prepayment required under this Section 2.09(b) to the Company and the Lenders. 

  
 22 

 such Borrower shall promptly execute and deliver to such Lender a Note payable to the order of such Lender in a principal amount up to the Commitment of such Lender. Each Lender that receives a
Note pursuant to this Section 2.15 agrees that, upon the earlier of the termination or expiration of this Agreement, such Lender will return such Note to the Company. 

(b) The Register maintained by the Agent pursuant to Section 9.06(c) shall include a control account, and a subsidiary account for each
Lender, in which accounts (taken together) shall be recorded (i) the date and amount of each Borrowing made hereunder, the Type of Advances comprising such Borrowing and, if appropriate, the Interest Period applicable thereto, (ii) the
terms of each Assumption Agreement and each Assignment and Assumption delivered to and accepted by it, (iii) the amount of any principal or interest due and payable or to become due and payable from each Borrower to each Lender hereunder and
(iv) the amount of any sum received by the Agent from each Borrower hereunder and each Lender’s share thereof. 
 (c) Entries made
in good faith by the Agent in the Register pursuant to subsection (b) above, and by each Lender in its account or accounts pursuant to subsection (a) above, shall be prima facie evidence of the amount of principal and interest due and
payable or to become due and payable from each Borrower to, in the case of the Register, each Lender and, in the case of such account or accounts, such Lender, under this Agreement, absent manifest error; provided, however, that the
failure of the Agent or such Lender to make an entry, or any finding that an entry is incorrect, in the Register or such account or accounts shall not limit or otherwise affect the obligations of any Borrower under this Agreement. 

SECTION 2.16. Use of Proceeds. The proceeds of the Advances shall be available (and each Borrower agrees that it shall use such
proceeds) solely for general corporate purposes of such Borrower and its Subsidiaries. 
 SECTION 2.17. Increase in the Aggregate
Commitments. (a) The Company may, not more than once in any calendar year prior to the Termination Date, by notice to the Agent, request that the aggregate amount of the Commitment be increased by an integral multiple of $25,000,000 (each a
“Commitment Increase”) to be effective as of a date that is at least 90 days prior to the scheduled Termination Date then in effect (the “Increase Date”), as specified in the related notice to the Agent;
provided, however that (i) in no event shall the aggregate amount of the Commitments hereunder plus the “Commitments” under the Three
Year2020 Credit Agreement, or any agreement
extending or replacing the Three
Year2020 Credit Agreement, at any time exceed
$17,000,000,000 and (ii) on the date of any request by the Company for a Commitment Increase and on the related Increase Date, the conditions set forth in Section 3.03 shall be satisfied. 

(b) The Agent shall promptly notify the Lenders of a request for a Commitment Increase, which notice shall include (i) the proposed
amount of such requested Commitment Increase, (ii) the proposed Increase Date and (iii) the date by which Lenders wishing to participate in the Commitment Increase must commit to an increase in the amount of their respective Commitments
(the “Commitment Date”). Each Lender that is willing to participate in such requested Commitment Increase (each an “Increasing Lender”) shall, in its sole discretion, give written notice to the Agent on or prior to
the Commitment Date of the amount by which it is willing to increase its Commitment. Any Lender that does not so respond by the Commitment Date will be deemed to have declined to participate in the requested Commitment Increase. If the Lenders
notify the Agent that they are willing to increase the amount of their respective Commitments by an aggregate amount that exceeds the amount of the requested Commitment Increase, the requested Commitment Increase shall be allocated among the Lenders
willing to participate therein based on the ratio of the amount by which each lender is willing to participate in the requested Commitment Increase on the Commitment Date to the aggregate amount by 

  
 29 

 
other Lenders for the account of their respective Applicable Lending Offices in an amount to each other Lender such that the aggregate amount of the outstanding Advances owing to each Lender
after giving effect to such distribution equals such Lender’s ratable portion of the Borrowings then outstanding (calculated based on its Commitment as a percentage of the aggregate Commitments outstanding after giving effect to the relevant
Commitment Increase). 
 SECTION 2.18. Extension of Termination Date. (a) The Company, by written notice to the Agent at least
45 days prior to any Extension Date (as defined below), may request an extension of the Termination Date in effect at such time by one year from its then scheduled expiration. The Company may make any such request up to two times but not more than
once in any calendar year, provided that the first Extension Date shall not be earlier than the first anniversary of the Effective Date. The Agent shall promptly notify each Lender of such request, and each Lender shall in turn, in its sole
discretion, no later than 35 days prior to the applicable Extension Date, notify the Company and the Agent in writing as to whether such Lender will consent to such extension. If any Lender shall fail to notify the Agent and the Company in writing
of its consent to any such request for extension of the Termination Date at least 35 days prior to the applicable Extension Date, such Lender shall be deemed to be a Non-Consenting Lender with respect to such
request. The Agent shall notify the Company not later than 30 days prior to the applicable Extension Date of the decision of the Lenders regarding such request for an extension of the Termination Date. 

(b) If all the Lenders consent in writing to any such request in accordance with subsection (a) of this Section 2.18, the
Termination Date in effect at such time shall, effective as at the date specified in the applicable extension request (the “Extension Date”), be extended for one year; provided that on each Extension Date the applicable
conditions set forth in Section 3.03 shall be satisfied. If less than all of the Lenders consent in writing to any such request in accordance with subsection (a) of this Section 2.18, the applicable Termination Date in effect at such
time shall, effective as at the applicable Extension Date and subject to subsection (d) of this Section 2.18, be extended as to those Lenders that so consented (each a “Consenting Lender”) but shall not be extended as to
any other Lender (each a “Non-Consenting Lender”). To the extent that the applicable Termination Date is not extended as to any Lender pursuant to this Section 2.18 and the Commitment of
such Lender is not assumed in accordance with subsection (c) of this Section 2.18 on or prior to the applicable Extension Date, the Commitment of such Non-Consenting Lender shall automatically
terminate in whole on such unextended Termination Date without any further notice or other action by any Borrower, such Lender or any other Person; provided that such Non-Consenting Lender’s rights
under Sections 2.10, 2.13 and 9.04, and its obligations under Section 8.08, shall survive the Termination Date for such Lender as to matters occurring prior to such date. It is understood and agreed that no Lender shall have any obligation
whatsoever to agree to any request made by the Company for any requested extension of the Termination Date. 
 (c) If less than all of the
Lenders consent to any such request pursuant to subsection (a) of this Section 2.18, the Agent shall promptly so notify the Consenting Lenders, and each
Consenting Lender may, in its sole discretion, give written notice to the Agent not later than 25 days prior to the applicable Extension Date of the amount of the Non-Consenting Lenders’ Commitments for
which it is willing to accept an assignment. If the Consenting Lenders notify the Agent that they are willing to accept assignments of Commitments in an aggregate amount that exceeds the amount of the Commitments of the Non-Consenting Lenders, such Commitments shall be allocated among the Consenting Lenders willing to accept such assignments in such amounts as are agreed between the Company and the Agent. If after giving effect to
the assignments of Commitments described above there remains any Commitments of Non-Consenting Lenders, the Company may arrange for one or more
Consenting Lenders or other Eligible Assignees as Assuming Lenders to assume, effective as of the Extension Date, any Non-Consenting Lender’s Commitment and all of the obligations of such Non- 

  
 31 

 then the Company may, at its sole expense and effort and so long as no Default is
continuing, upon notice to such Lender and the Agent, require such Lender to assign and delegate, without recourse (in accordance with and subject to the restrictions contained in, and consents required by, Section 9.06), all of its interests,
rights and obligations under this Agreement to an Eligible Assignee that shall assume such obligations (which assignee may be another Lender, if a Lender accepts such assignment); provided that: 

(i) the Company shall have paid to the Agent the assignment fee (if any) specified in Section 9.06; 

(ii) such assigning Lender shall have received payment of an amount equal to the outstanding principal of its Advances, accrued
interest thereon, accrued fees and all other amounts then payable to it hereunder (including any amounts under Section 9.04(c)) from the assignee (to the extent of such outstanding principal and accrued interest and fees) or the Borrowers (in
the case of all other amounts); 
 (iii) in the case of any such assignment resulting from a claim for compensation under
Section 2.10 or payments required to be made pursuant to Section 2.13, such assignment will result in a reduction in such compensation or payments after the date of such assignment; 

(iv) such assignment does not conflict with applicable law; and 

(v) in the case of any assignment resulting from a Lender becoming a Non- Approving
Lender, the applicable assignee shall have consented to the applicable amendment, waiver or consent. 
 A Lender shall not be required to
make any such assignment or delegation if, prior thereto, as a result of a waiver by such Lender or otherwise, the circumstances entitling the Company to require such assignment and delegation cease to apply. 

SECTION 2.21. Benchmark
Replacement Setting.

(a)
Benchmark Replacement. Notwithstanding anything to the contrary herein, if a Benchmark Transition Event or an Early Opt-in Election, as applicable, and its related Benchmark Replacement Date have occurred prior to the Reference Time in respect of any setting of the then-current Benchmark, then (x) if a Benchmark Replacement is determined in accordance with clause
(1) or (2) of the definition of “Benchmark Replacement” for such Benchmark Replacement Date, such Benchmark Replacement will replace such Benchmark for all purposes hereunder in respect of such Benchmark setting and
subsequent Benchmark settings without any amendment to, or further action or consent of any other party to, this Agreement and (y) if a Benchmark Replacement is
determined in accordance with clause (3) of the definition of “Benchmark Replacement” for such Benchmark Replacement Date, such Benchmark Replacement will replace such Benchmark for all purposes hereunder in respect of any Benchmark
setting at or after 5:00 p.m. (New York City time) on the fifth (5th) Business Day after the date notice of such Benchmark Replacement is provided to the Lenders without any amendment to, or further action or consent of any other party to, this
Agreement so long as the Agent has not received, by such time, written notice of objection to such Benchmark Replacement from Lenders comprising the Required Lenders. 

  
 34 

Solely with respect to Advances denominated in Dollars, if (i) a Benchmark Replacement Date has occurred and the
applicable Benchmark
Replacement on such Benchmark
Replacement Date is a
Benchmark Replacement other than the sum of: (a) Term SOFR and (b) the related Benchmark Replacement
Adjustment, (ii) subsequently, the Relevant Governmental Body recommends for use a forward-looking term
rate based on SOFR and the Company requests that the Agent review the administrative feasibility of such recommended forward-looking term rate for purposes of
this Agreement and (iii) following such request from the Company, the Agent determines (in its sole discretion) that such forward looking term rate is administratively feasible for the
Agent, then the Agent may (in its sole discretion) provide the Borrowers and Lenders with written notice that from and after a date identified in such notice: (i) a Benchmark Replacement Date shall be deemed to have occurred, and the Benchmark
Replacement on such Benchmark Replacement Date shall be deemed to be a Benchmark
Replacement determined in accordance with clause (1) of the definition of “Benchmark Replacement” under this Section 2.21; provided, however, that if upon such Benchmark Replacement Date the Benchmark Replacement Adjustment is
unable to be determined in accordance with clause (1) of the definition of “Benchmark Replacement” and the corresponding definition of “Benchmark Replacement Adjustment”, then the Benchmark Replacement Adjustment in effect
immediately prior to such new Benchmark Replacement Date shall be utilized for purposes
of this Benchmark Replacement (for avoidance of doubt, for purposes of this proviso, such Benchmark Replacement Adjustment shall be the Benchmark Replacement Adjustment which was established in accordance with the definition of “Benchmark
Replacement Adjustment” on the date determined in accordance with clauses (1) or (2), as applicable, of the definition of “Benchmark Replacement Date” hereunder) and (ii) such forward looking term rate shall be deemed to be the forward looking term rate referenced
in the definition of “Term SOFR” for all purposes hereunder in respect of any Benchmark setting and any subsequent Benchmark settings, without any amendment to, or further action or consent of any other party to, this Agreement. For the
avoidance of doubt, if the circumstances described in the immediately preceding sentence shall occur, all applicable provisions set forth in this Section 2.21 shall apply with respect to such election of the Agent as completely as if such forward-looking term rate was initially determined in accordance
with clause (1) of the definition of “Benchmark Replacement”, including, without limitation, the provisions set forth in clauses (b) and (f) of this Section 2.21. 

(b)
Benchmark Replacement Conforming Changes. In connection with the implementation of a Benchmark Replacement,
the Agent will have the right to make Benchmark Replacement Conforming Changes from time to time and, notwithstanding anything to the contrary herein, any amendments implementing such Benchmark Replacement Conforming Changes will become effective
without
any
further
action
or
consent
of
any
other
party
to
this Agreement. 

(c) Notices;
Standards for Decisions and Determinations. The Agent will promptly notify the Borrowers and the Lenders of
(i) any
 Benchmark Replacement Date and the related Benchmark Replacement, (ii) the effectiveness of any Benchmark Replacement Conforming Changes, (iii) the removal or reinstatement of any tenor of a Benchmark pursuant to clause
(d) below and (iv) the commencement of any Benchmark Unavailability Period. For the avoidance of doubt, any notice required to be delivered by the Agent as set forth in this Section 2.21 may be provided, at the
option of the Agent (in its sole discretion), in one or more notices and may be delivered together with, or as part of any amendment which implements any Benchmark Replacement or Benchmark Conforming Changes. Any determination, decision or election
that may be made by the Agent or, if applicable, any Lender (or group of Lenders) pursuant to this Section 2.21, including any determination with respect to a tenor, rate or adjustment or of the occurrence or
non-occurrence of an event, circumstance or date and any decision to take or refrain from taking any action or any selection, will be conclusive and binding absent manifest error and may be made in its or
their sole discretion and without consent from any other party to this Agreement,
except,
in
each
case,
as expressly required
pursuant
to
this
Section 2.21.

  
 35 

(d) Unavailability of Tenor of Benchmark. Notwithstanding
anything
to
the contrary herein, at any time (including in connection with the implementation of a Benchmark Replacement), (i) if the then-current Benchmark is a term rate (including Term SOFR or LIBOR) and either (A) any tenor for such Benchmark is not displayed on a screen or other information service
that publishes such rate from time to time as selected by the Agent in its reasonable discretion or (B) the regulatory supervisor for the administrator of such Benchmark has provided a public statement or publication of information announcing that any tenor for such Benchmark is or will be no longer representative, then the Agent may modify
the definition of “Interest Period” for any Benchmark settings at or after such time to remove such unavailable or non-representative tenor and (ii) if a tenor that was removed pursuant to clause (i) above either (A) is
subsequently displayed on a screen or information service for a Benchmark (including a Benchmark Replacement) or (B) is not, or is no longer, subject to an announcement that it is or will no longer be representative for a Benchmark (including a
Benchmark Replacement), then the Agent may modify the definition of “Interest
Period” for all Benchmark settings at or after such time to reinstate such previously
removed tenor. 

(e)
Benchmark Unavailability Period. Upon the Borrowers’ receipt of notice of the commencement of a Benchmark Unavailability Period, the Borrowers may revoke any request for a Borrowing of, conversion to or continuation of Eurocurrency Rate Advances to be made, converted or continued during any Benchmark Unavailability Period and, failing that (i) for each
Eurocurrency Rate Advance denominated in Dollars, the Borrowers will be deemed to have converted any
such request into a request for a Borrowing of or conversion to Base Rate Advances and (ii) for each Eurocurrency Rate Advance denominated in any Committed Currency,
the Borrowers will be deemed to have requested a Borrowing of or conversion to Base Rate Advances in an amount equal to the Equivalent thereof in Dollars. During any Benchmark Unavailability Period or at any time that a tenor for the then-current
Benchmark is not an Available Tenor, the component of the Base Rate based upon the then-current Benchmark or such tenor for such Benchmark, as applicable, will not be used in any determination of the Base Rate. Furthermore, if any Eurocurrency Rate
Advance in any Agreed Currency is outstanding on the date of the Borrowers’ receipt of notice of the commencement of a Benchmark Unavailability Period with respect to a Relevant Rate applicable to such Eurocurrency Rate Advance, then
(i) if such Eurocurrency Rate Advance is denominated in Dollars, then on the last day of the Interest
Period applicable to such Advance (or the next succeeding Business Day if such day is not a Business Day),
such Advance shall be converted by the Agent to, and shall constitute, a Base Rate Advance on such day or
(ii) if such Eurocurrency Rate Advance is denominated in any Committed Currency, then such Advance
shall, on the last day of the Interest Period applicable to such Advance (or the next succeeding Business Day if such day is not a Business Day), at the applicable Borrower’s election prior to such day, (A) be prepaid by such Borrower on
such day or (B) be exchanged into the Equivalent amount thereof in Dollars and converted by the Agent to, and shall constitute, a Base Rate Advance on such day (it being understood and agreed that if such Borrower does not so prepay such
Advance on such day by 12:00 noon, New York City time, the Agent is authorized to effect such exchange and conversion of such Eurocurrency Rate Advance into a Base Rate Advance). 

(f)
Disclaimer. The Agent does not warrant or accept any responsibility for, and shall not have any liability with respect to (i) the
administration, submission or any other matter related to the London interbank offered rate or other rates in the definition of “Eurocurrency Rate” or with
respect to any alternative or successor rate thereto, or replacement rate thereof (including, without limitation any Benchmark Replacement implemented hereunder), (ii) the composition or characteristics of any such Benchmark Replacement, including
whether it is similar to, or produces the same value or economic equivalence to LIBOR
(or any other Benchmark) or have the same volume or liquidity as did LIBOR (or any other Benchmark), (iii) any actions or use of its discretion or other decisions or determinations made with respect to any matters covered by this Section 2.21
including, without limitation, whether or not a Benchmark Transition Event has occurred, the removal or lack thereof of unavailable or non- representative tenors, the implementation or lack thereof of any
Benchmark Replacement Conforming Changes, the delivery or non-delivery of any notices required by clause (c) above or otherwise in accordance
herewith, and (iv) the effect of any of the foregoing provisions
of
this
Section 2.21.

  
 36 

(g) Certain Defined Terms. As used in this Section 2.21: 

“Agreed Currency”
means
Dollars
or
any
Committed Currency.

“Available
 Tenor” means, as of any date of determination and with respect to the then- current Benchmark, as applicable, any tenor for such Benchmark or payment period for interest calculated with reference to such Benchmark, as applicable, that is or
may be used for determining the length of an Interest Period pursuant to this Agreement as of such date and
not including, for the avoidance of doubt, any tenor for such Benchmark that is then-removed from the definition
of
“Interest Period”
pursuant
to
clause
(d) o
f this
Section 2.21.

“Benchmark”
 means, initially, the Relevant Rate; provided that if a Benchmark Transition Event or an Early Opt-in Election, as applicable, and its related Benchmark
Replacement Date have occurred with respect to such Relevant Rate or the then-current Benchmark, then
“Benchmark” means the applicable Benchmark Replacement to the extent that such Benchmark Replacement has replaced such prior benchmark rate pursuant to clause (a) of this Section 2.21. 

“Benchmark
 Replacement” means, for any Available Tenor, the first alternative set forth in the order below that can be determined by the Agent for the applicable Benchmark Replacement Date; provided that, in the case of any Advance denominated in a Committed Currency,
“Benchmark Replacement”
shall
mean
the
alternative set forth in clause (3) below: 

(1)
 the sum of: (a) Term SOFR and (b) the related Benchmark Replacement Adjustment; 

(2)
 the sum of: (a) Daily Simple SOFR and (b) the related Benchmark Replacement Adjustment; 

(3)
 the sum of: (a) the alternate
benchmark rate that has been selected by the Agent and the Company as the replacement for the then-current Benchmark for the applicable Corresponding Tenor giving due consideration to (i) any selection or recommendation of a replacement benchmark rate or the mechanism for determining such a rate by the Relevant Governmental Body or (ii) any evolving or then-prevailing market
convention for determining a benchmark rate as a replacement for the then-current Benchmark for syndicated credit facilities denominated in the applicable Agreed
Currency at such time and (b) the related
Benchmark Replacement Adjustment. 

provided
 that, in the case of clause (1), such Unadjusted Benchmark Replacement is displayed on a screen or other
information service that publishes such rate from time to time as selected by the Agent in its reasonable
discretion. 
 If the Benchmark Replacement as determined pursuant to clause (1), (2) or (3) above would be less than the Floor, the Benchmark Replacement will be deemed to be the Floor for the purposes of this
Agreement. 

  
 37 

“Benchmark
 Replacement Adjustment” means, with respect to any replacement of the then current Benchmark with an Unadjusted Benchmark Replacement for any applicable Interest Period and Available
Tenor
for
any
setting
of
such
Unadjusted Benchmark Replacement: 

(1)
 for purposes of clauses (1) and (2) of the definition of “Benchmark Replacement,” the first alternative set forth in the order below that can be determined by the Agent: (a) the spread adjustment, or method for calculating or determining
such spread adjustment, (which may be a positive or negative value or zero) as of the Reference Time such Benchmark Replacement is first set for such Interest Period that has been selected or recommended by the Relevant Governmental Body for the
replacement of such Benchmark with the applicable Unadjusted Benchmark Replacement for the applicable Corresponding Tenor; (b) the spread adjustment (which may be a positive or negative value or zero) as of the Reference Time such Benchmark
Replacement is first set for such Interest Period that would apply to the fallback rate for a derivative transaction referencing the ISDA Definitions to be effective upon an index cessation event with respect to such Benchmark for the applicable
Corresponding Tenor; and 
 (2) for purposes of clause (3) of the definition
of “Benchmark Replacement,” the spread adjustment, or method for calculating or determining such spread
adjustment, (which may be a positive or negative value or zero) that has been selected by the Agent and the Company for the applicable Corresponding Tenor giving due consideration to (i) any selection or recommendation of a spread adjustment,
or method for calculating or determining such spread adjustment, for the replacement of
such Benchmark with the applicable Unadjusted Benchmark Replacement by the Relevant Governmental Body on the applicable Benchmark Replacement Date or (ii) any evolving or then-prevailing market convention for determining a spread adjustment, or
method for calculating or determining such spread adjustment, for the replacement of
such Benchmark with the applicable Unadjusted Benchmark Replacement for syndicated credit facilities denominated in the
applicable Agreed
Currency
at
such time. 

provided that, in the case of clause (1) above, such adjustment is displayed on a screen or other
information service that publishes such Benchmark Replacement Adjustment from time to time as selected by the Agent in its reasonable
discretion. 
 “Benchmark Replacement Conforming Changes” means, with respect to any Benchmark Replacement, any technical,
administrative or operational changes (including changes to the definition of “Base Rate,” the definition of “Business Day,” the definition of “Interest Period,” timing and frequency of determining rates and making payments of
interest, timing of borrowing requests or prepayment,
conversion or continuation notices, length of lookback periods, the applicability of breakage provisions, the formula for calculating any successor rates identified pursuant to the definition of “Benchmark Replacement”, the formula,
methodology or convention for applying the successor Floor to the successor Benchmark Replacement and other technical, administrative or operational matters) that the Agent decides may be appropriate to reflect the adoption and implementation of
such Benchmark Replacement and to permit the administration thereof by the Agent in a manner substantially
consistent with market practice (or, if the Agent
decides that adoption of any portion of such market practice is not administratively feasible or if the Agent
determines that no market practice for the administration
of such Benchmark Replacement exists, in such other manner of administration as the Agent decides is reasonably necessary in connection with the administration of
this Agreement). 

  
 38 

“Benchmark
 Replacement Date” means the earliest to occur of the following events with respect to the then-current
Benchmark: 
 (1) in the case of clause (1) or (2) of the
definition of
“Benchmark Transition Event,” the
later of (a) the date of the public statement or publication of information referenced therein and (b) the date on which the administrator of such Benchmark (or the published component used in the calculation thereof) permanently or
indefinitely ceases to provide all Available Tenors of such
Benchmark (or such component
thereof); 
 (2) in the case of clause (3) of the definition of “Benchmark Transition Event,” the date of the
public statement or publication of information referenced therein; or 

(3)
 in the case of an Early Opt-in Election, the sixth (6th)
Business
Day after the date notice of such Early Opt-in
Election is provided to the Lenders, so long as the Agent has not received, by 5:00 p.m. (New York City time) on the fifth (5th) Business Day after the date notice of
such Early Opt-in Election is provided to the Lenders, written notice of objection to such Early
Opt-in Election from Lenders comprising the Required Lenders. 

For
 the avoidance of doubt, (i) if the event giving rise to the Benchmark Replacement Date occurs on the same day as, but earlier than, the Reference Time in respect of any determination, the Benchmark Replacement Date will be deemed to have
occurred prior to the Reference Time for such determination and (ii) the “Benchmark Replacement Date” will be deemed to have occurred in the case of clause (1) or (2) with respect to any Benchmark upon the occurrence of the applicable event or events set forth therein with respect to all
then-current Available Tenors of such Benchmark (or the published component used in the calculation thereof). 

“Benchmark
 Transition Event” means, with respect to any Benchmark, the occurrence of one or more of the following events with respect to the
then-current Benchmark: 
 (1) a public statement or publication of information by or on behalf of the administrator of such Benchmark (or the published component used in the calculation thereof) announcing that such
administrator has ceased or will cease to provide all Available Tenors of such Benchmark (or such component thereof), permanently or indefinitely, provided that, at the time of such statement or publication, there is no successor administrator that
will continue to provide any Available Tenor of such Benchmark (or such component
thereof); 
 (2) a public statement or publication of information by the regulatory supervisor for the administrator of such Benchmark (or
the published component used in the calculation thereof), the Relevant Governmental Body, an insolvency official with jurisdiction over the administrator for such Benchmark (or such component), a resolution authority with jurisdiction over the
administrator for such Benchmark (or such component) or a court or an entity with similar insolvency or
resolution authority over the administrator for such Benchmark (or such component), which states that the administrator of such Benchmark (or such component) has ceased
or will cease to provide all Available Tenors of such Benchmark (or such component thereof) permanently or indefinitely, provided that, at the time of such statement or publication, there is no successor administrator that will continue to provide any Available Tenor
of such Benchmark (or such component
thereof); or

  
 39 

(3)
 a public statement or publication of information by the regulatory supervisor for the administrator of such Benchmark (or the published component used in the calculation thereof) announcing that all Available Tenors of such Benchmark (or such
component thereof) are no longer representative. 
 For the avoidance of doubt, a “Benchmark Transition Event” will be deemed to have occurred with respect to any
Benchmark if a public statement or publication of information set forth above has occurred with respect to each then-current Available Tenor of such Benchmark (or the published component used in the calculation thereof). 

“Benchmark
 Unavailability Period” means, with respect to any Benchmark, the period (if any) (x) beginning at the time that a Benchmark Replacement Date pursuant to clauses (1) or (2) of that definition has occurred if, at such time, no
Benchmark Replacement has replaced the then- current Benchmark for all purposes hereunder in accordance with this Section 2.21 and (y) ending at the time that a Benchmark Replacement has replaced the then-current Benchmark for all purposes
hereunder in accordance with this Section 2.21. 
 “Corresponding Tenor” with respect to any Available Tenor means, as applicable, either a tenor (including
overnight) or an interest payment period having approximately the same length (disregarding business day adjustment) as such Available Tenor. 

“Daily
 Simple SOFR” means, for any day, SOFR, with the conventions for this rate (which will include a lookback) being established by the Agent in accordance with the conventions for this rate selected or recommended by the Relevant Governmental Body
for determining “Daily Simple SOFR” for syndicated business loans; provided, that if the Agent decides that any such convention is not administratively feasible for the Agent, then the Agent may establish another convention in its
reasonable discretion. 
 “Early Opt-in Election” means: 

(a)
 in the case of Advances denominated in Dollars, the occurrence of the following on or after December 31, 2020: 

(1)
 a notification by the Agent to (or the request by the Company to the Agent to notify) each of the other parties hereto that at least five currently outstanding Dollar-denominated syndicated credit facilities in the U.S. syndicated loan market at such time contain (as a result of amendment or as originally executed) a SOFR-based rate (including SOFR, a term
SOFR or any other rate based upon SOFR) as a benchmark rate (and such syndicated credit facilities are identified in such notice and are publicly available for review), and 

(2)
 the joint election by the Agent and the Company to trigger a fallback from LIBOR and the provision by the Agent of written notice of such election to the Lenders; and 

  
 40 

(b)
 in the case of Advances denominated in any Committed
Currency, the occurrence of the following on or after December 31, 2020: 

(1)
 a notification by the Agent to (or the request by the
Company to the Agent to notify) each of the other parties hereto that at least five currently outstanding syndicated credit facilities denominated in such Committed Currency in the U.S. syndicated loan market at such time contain (as a result of
amendment or as originally executed) a new benchmark interest rate to replace the Relevant Rate (and such syndicated credit facilities are identified in such notice and are publicly available for review) and 

(2)
 the joint election by the Agent and the Company to declare
that an Early Opt-in Election has occurred and the provision by the Agent of written notice of such election to the Lenders. 

“EURIBOR”
 means the European Money Markets Institute Settlement Rate, as published by Bloomberg (or, if unavailable for any reason by Bloomberg, then by reference to another commercially available source providing quotations of the European Money Markets
Institute Settlement Rate, such as Reuters) for deposits in Euro. 

“Floor”
 means the benchmark rate floor, if any, provided in this Agreement initially (as of the execution of this Agreement, the modification, amendment or renewal of this Agreement or otherwise) with respect to the Eurocurrency Rate. 

“ISDA
 Definitions” means the 2006 ISDA Definitions published by the International Swaps and Derivatives Association, Inc. or any successor thereto, as amended or supplemented from time to time, or any successor definitional booklet for interest rate
derivatives published from time to time by the International Swaps and Derivatives Association, Inc. or such successor thereto. 

“LIBOR”
 means the ICE Benchmark Settlement Rate, as published by Bloomberg (or, if unavailable for any reason by
Bloomberg, then by reference to another commercially available source providing quotations of the ICE Benchmark Settlement Rate, such as Reuters) for deposits in the
applicable currency.

“Reference
 Time” with respect to any setting of the then-current Benchmark means (1) if such Benchmark is LIBOR as determined in respect of Advances denominated in Dollars, 11:00 a.m. (London time) on the day that is two London banking days
preceding the date of such setting, and (2) if such Benchmark is not LIBOR as determined in respect of Advances denominated in Dollars, the time determined by the Agent in its reasonable discretion. 

“Relevant
 Governmental Body” means (a) with respect to a Benchmark Replacement in respect of Advances denominated in Dollars, the Board of Governors of the Federal Reserve System or the Federal Reserve Bank of New York, or a committee officially
endorsed or convened by the Board of Governors of the Federal Reserve System or the Federal Reserve Bank of New York, or any successor thereto and (b) with respect to a Benchmark Replacement in respect of Advances denominated in any Committed
Currency, (i) the central bank for the currency in which such Benchmark Replacement is denominated or any central bank or other supervisor which is responsible for supervising either (A) such Benchmark Replacement or (B) the
administrator of such Benchmark Replacement or (ii) any working group or committee officially endorsed or convened by (A) the central bank for the currency in which such Benchmark Replacement is denominated, (B) any central bank or
other supervisor that is responsible for supervising either (1) such Benchmark Replacement or (2) the administrator of such Benchmark Replacement, (C) a group of those central banks or other supervisors or (D) the Financial
Stability Board or any part thereof. 

  
 41 

“Relevant
 Rate” means, with respect to any Eurocurrency Rate Advance denominated in an Agreed Currency other than Euro, LIBOR with respect to such Agreed Currency and, with respect to any Eurocurrency Rate Advance denominated in Euro,
EURIBOR. 
 “SOFR” means, with respect to any Business Day, a rate per annum equal to the secured overnight financing rate for
such Business Day published by the SOFR Administrator on the SOFR Administrator’s Website on the immediately succeeding Business Day. 

“SOFR
 Administrator” means the Federal Reserve Bank of New York (or a successor administrator of the secured overnight financing rate). 

“SOFR
 Administrator’s Website” means the website of the Federal Reserve Bank of New York, currently at
http://www.newyorkfed.org, or any successor source for the secured overnight financing rate identified as such by the SOFR Administrator from time to time. 

“Term
 SOFR” means, for the applicable Corresponding Tenor as of the applicable Reference Time, the forward-looking term rate based on SOFR that has been selected or recommended by the Relevant Governmental Body. 

“Unadjusted
 Benchmark Replacement” means the applicable Benchmark Replacement excluding the related Benchmark Replacement Adjustment. 

ARTICLE III 
 CONDITIONS TO
EFFECTIVENESS AND LENDING 
 SECTION 3.01. Conditions Precedent to Effectiveness. This Agreement shall become effective on and as of
the first date (the “Effective Date”) on which the following conditions precedent have been satisfied: 

(a) Except as disclosed in filings with the Securities and Exchange Commission prior to the date hereof, there shall have
occurred no Material Adverse Change since December 31, 2017. 
 (b) Except as disclosed in filings with the Securities
and Exchange Commission prior to the date hereof, there shall exist no action, suit, investigation, litigation or proceeding affecting the Company or any of its Subsidiaries pending or, to the knowledge of the Company, threatened before any court,
governmental agency or arbitrator that (i) would be reasonably likely to have a Material Adverse Effect or (ii) purports to affect the legality, validity or enforceability of this Agreement or any Note or the borrowing contemplated
hereunder. 
 (c) All governmental and third party consents and approvals necessary in connection with the transactions
contemplated hereby shall have been obtained (without the imposition of any conditions that are not acceptable to the Lenders) and shall remain in effect, and no law or regulation shall be applicable in the reasonable judgment of the Lenders that
restrains, prevents or imposes materially adverse conditions upon the transactions contemplated hereby. 

  
 42 

 (ii) At least five (5) days prior to the Effective Date, if the Company
qualifies as a “legal entity customer” under the Beneficial Ownership Regulation, it shall deliver, to each Lender that so requests, a Beneficial Ownership Certification in relation to the Company. 

SECTION 3.02. Initial Advance to Each Designated Subsidiary. The obligation of each Lender to make an initial Advance to each
Designated Subsidiary is subject to the receipt by the Agent on or before the date of such initial Advance of each of the following, in form and substance reasonably satisfactory to the Agent and dated such date: 

(a) The Notes of such Designated Subsidiary to the
order of the Lenders to the extent requested by any Lender pursuant to Section 2.15. 

(b) Certified copies of the resolutions or other evidence of authority of the Board of Directors of such Designated Subsidiary
(with a certified English translation if the original thereof is not in English) approving this Agreement and the Notes to be delivered by it, and of all documents evidencing other necessary corporate action and governmental approvals, if any, with
respect to this Agreement. 
 (c) A certificate of a proper officer of such Designated Subsidiary certifying the names and
true signatures of the officers of such Designated Subsidiary authorized to sign its Designation Agreement and the Notes to be delivered by it and the other documents to be delivered by it hereunder. 

(d) A Designation Agreement duly executed by such Designated Subsidiary and the Company. 

(e) A customary opinion of in-house counsel for such Designated Subsidiary
substantially in the form of Exhibit D hereto, and as to such other matters as any Lender through the Agent may reasonably request. 

(g) Such other approvals, opinions or documents as any Lender through the Agent may reasonably request including, without
limitation, information and documents required by governmental authorities in respect of “know your customer” or similar identification procedures (including, without limitation, delivery of a Beneficial Ownership Certification, if
applicable). 
 SECTION 3.03. Conditions Precedent to Each Borrowing, Commitment Increase and Extension Date. The obligation
of each Lender to make an Advance on the occasion of each Borrowing, each Commitment Increase and each extension of Commitments pursuant to Section 2.18 shall be subject to the conditions precedent that the Effective Date shall have occurred
and on the date of such Borrowing, the applicable Increase Date or the applicable Extension Date (a) the following statements shall be true (and each of the giving of the applicable Notice of Borrowing, the request for Commitment Increase or
request of Commitment extension and the acceptance of the proceeds of such Borrowing shall constitute a representation and warranty by the Company that on the date of such Borrowing, such Increase Date or such Extension Date such statements are
true): 
 (i) the representations and warranties of the Company contained in Section 4.01 (except, in the case of each
any Borrowing, the representations set forth in the last sentence of subsection (e) thereof and in subsection (f)(i) thereof) and, in the case of any Borrowing made to or on behalf of a Designated Subsidiary, in the Designation Agreement for
such Designated Subsidiary, are correct in all material respects (except such representations that are qualified by materiality, which shall be correct in all respects) on and as of such date, before and after giving effect to such Borrowing and to
the application of the proceeds therefrom or from such Commitment Increase or such Extension Date, as though made on and as of such date, and 

  
 44 

 (ii) no event has occurred and is continuing, or would result from such
Borrowing or from such Commitment Increase or such Extension Date or from the application of the proceeds therefrom, that constitutes a Default; and and (b) the Agent shall have received such other approvals, opinions or documents as any Lender
through the Agent may reasonably request related to clauses (a)(i) or (ii) of this Section. 
 SECTION 3.04. Determinations Under
Sections 3.01 and 3.02. For purposes of determining compliance with the conditions specified in Sections 3.01 and 3.02, each Lender shall be deemed to have consented to, approved or accepted or to be satisfied with each document or other matter
required thereunder to be consented to or approved by or acceptable or satisfactory to the Lenders unless an officer of the Agent responsible for the transactions contemplated by this Agreement shall have received written notice from such Lender
prior to the date that the Company, by notice to the Lenders, designates as the proposed Effective Date or the date of the initial Advance to the applicable Designated Subsidiary, specifying its objection thereto. The Agent shall promptly notify the
Lenders of the occurrence of the Effective Date and each date of initial Advance to a Designated Subsidiary. 
 ARTICLE IV 

REPRESENTATIONS AND WARRANTIES 

SECTION 4.01. Representations and Warranties. The Company represents and warrants as follows: 

(a) The Company is a corporation duly organized, validly existing and in good standing under the laws of its jurisdiction of
organization. 
 (b) The execution, delivery and performance by the Company of this Agreement and the Notes to be delivered
by it, and the borrowing of the Advances hereunder, are within the Company’s corporate powers, have been duly authorized by all necessary corporate action, and do not contravene (i) the Company’s charter or by-laws or (ii) except where such contravention would not reasonably be expected to have a Material Adverse Effect,
any law applicable to the Company or any contractual restriction binding on or
affecting the Company. 
 (c) No authorization or approval or other action by, and no notice to or filing with, any
governmental authority or regulatory body or any other third party is required for the due execution, delivery and performance by the Company of this Agreement or the Notes to be delivered by it. 

(d) This Agreement has been, and each of the Notes to be delivered by it when delivered hereunder will have been, duly executed
and delivered by the Company. This Agreement is, and each of the Notes delivered by the Company when delivered hereunder will be, the legal, valid and binding obligation of the Company enforceable against the Company in accordance with their
respective terms, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights generally and by general equitable principles (whether
enforcement is sought by proceedings in equity or at law). 

  
 45 

 (e) The Audited Financial Statements, accompanied by an opinion of
Ernst & Young LLP, independent public accountants (or other independent public accountants of national standing), and the Quarterly Financial Statements, duly certified by the chief financial officer of the Company, copies of which have
been furnished to each Lender, fairly present in all material respects, subject, in the case of said Quarterly Financial Statements, to year-end audit adjustments, the Consolidated financial condition of the
Company and its Subsidiaries as at such dates and the Consolidated results of the operations of the Company and its Subsidiaries for the periods ended on such dates, all in accordance with generally accepted accounting principles consistently
applied. Except as disclosed in filings with the Securities and Exchange Commission prior to the date hereof, since December 31, 2017, there has been no Material Adverse Change. 

(f) There is no pending or, to the knowledge of the Company, threatened action, suit, investigation, litigation or proceeding
affecting the Company or any of its Subsidiaries before any court, governmental agency or arbitrator that (i) is not disclosed in a filing by the Company with the Securities and Exchange Commission and would be reasonably likely to have a
Material Adverse Effect or (ii) purports to affect the legality, validity or enforceability of this Agreement or any Note or the borrowings contemplated hereunder. 

(g) The Company is not engaged in the business of extending credit for the purpose of purchasing or carrying margin stock
(within the meaning of Regulation U issued by the Board of Governors of the Federal Reserve System), and no proceeds of any Advance will be used to purchase or carry any margin stock or to extend credit to others for the purpose of purchasing or
carrying any margin stock. Following application of the proceeds of each Advance, not more than 25 percent of the value of the assets (either of the Company only or of the Company and its Subsidiaries on a Consolidated basis) that are subject
to a restriction on sale, pledge, or disposal under this Agreement will be represented by margin stock (within the meaning of Regulation U issued by the Board of Governors of the Federal Reserve System). 

(h) The Company is not an “investment company”, or a company “controlled” by an “investment
company”, within the meaning of the Investment Company Act of 1940, as amended. 
 (i) (i) None of the Company or any of
the Company’s Subsidiaries is a Person that is, or is owned or controlled by Persons that are the subject or target of any Sanctions; (ii) the Company has implemented and maintains in effect policies and procedures designed to promote
compliance by the Company with Anti-Corruption Laws, and (iii) the Company and its Subsidiaries are in compliance with Anti-Corruption Laws and applicable Sanctions in all material respects. 

(j) No Borrower is an EEAAffected Financial Institution. 

(k) As of the Effective Date, to the knowledge of the Company, the information included in the Beneficial Ownership
Certification, if applicable, is true and correct in all respects. 

  
 46 

 ARTICLE V 

COVENANTS OF THE BORROWERS 

SECTION 5.01. Affirmative Covenants. So long as any Advance shall remain unpaid or any Lender shall have any Commitment hereunder, the
Company will: 
 (a) Compliance with Laws, Etc. Comply, and cause each of itsthe Designated Subsidiaries to comply with all applicable laws, rules,
regulations and orders, such compliance to include, without limitation, compliance with Anti-Corruption Laws, Sanctions, ERISA and the Patriot Act, except where the failure to do so, individually or in the aggregate, would not reasonably be expected
to result in a Material Adverse Effect. 
 (b) Payment of Taxes, Etc. Pay and discharge, and cause each of itsthe Designated Subsidiaries to pay and discharge, before the same shall
become delinquent, all federal and other material taxes, assessments and governmental charges or levies imposed upon it or upon its property, except where the failure to do so, individually or in the aggregate, would not reasonably be expected to
result in a Material Adverse Effect; provided, however, that neither the Company nor any of itsthe Designated
 Subsidiaries shall be required to pay or discharge any such tax, assessment, charge or levy that is being contested in good faith and by proper proceedings and as to which appropriate reserves
are being maintained, unless and until any Lien resulting therefrom attaches to its property and becomes enforceable against its other creditors. 

(c) Preservation of Corporate Existence, Etc. Preserve and maintain, and cause each other Borrower to preserve and
maintain, its corporate existence and its material rights (charter and statutory) and franchises; provided, however, that the Company and the other Borrowers may consummate any merger or consolidation permitted under
Section 5.02(b) and provided further that neither the Company nor any other Borrower shall be required to preserve any right or franchise if the Board of Directors of the Company or such other Borrower shall determine that the
preservation thereof is no longer desirable in the conduct of the business of the Company or such other Borrower, as the case may be, and that the loss thereof is not disadvantageous in any material respect to the Company or such other Borrower.

 (d) Visitation Rights. At any reasonable time and from time to time during normal business hours, permit the Agent
or any of the Lenders or any agents or representatives thereof, to examine the records and books of account of, and visit the properties of, the Company and any of
itsthe Designated Subsidiaries, and, upon execution of a confidentiality
agreement, to discuss the affairs, finances and accounts of the Company and any of itsthe Designated Subsidiaries with any of the officers or directors of the
Company and with their independent certified public accountants, provided, however, that examination of the records and books of account of the Company or any of itsthe Designated Subsidiaries shall occur only at times when an Advance or
Advances shall be outstanding. 
 (e) Keeping of Books. Keep proper books of record and account, in which full
and correct entries shall be made of all financial transactions and the assets and business of the Company in all material respects in accordance with generally accepted accounting principles in effect from time to time. 

(f) Maintenance of Properties,
Etc. Maintain and preserve, and cause each of its Subsidiaries to maintain and preserve, all of its properties that are used or useful in the
conduct of its business in good working order and condition, ordinary wear and tear excepted, except where the failure to do so, individually or in the aggregate, would not reasonably be expected to result in a Material Adverse
Effect.[Reserved]. 

  
 47 

 after the sending or filing thereof, copies of all reports that the Company sends to any of
its securityholders, and copies of all reports and registration statements that the Company files with the Securities and Exchange Commission or any national securities exchange; 

(v) prompt notice of the commencement of all actions and proceedings before any court, governmental agency or arbitrator
affecting the Company or any of its Subsidiaries of the type described in Section 4.01(f); 
 (vi) such other
information respecting the Company or any of its Subsidiaries as any Lender through the Agent may from time to time reasonably request of a material nature that may reasonably relate to the condition (financial or otherwise), operations, properties
or prospects of the Company or the Company and its Subsidiaries taken as a whole; and 
 (vii) promptly following any request
therefor, information and documentation reasonably requested by the Agent or any Lender for purposes of compliance with applicable “know your customer” and anti-money-laundering rules and regulations, including, without limitation, the
Patriot Act and the Beneficial Ownership Regulation. 
 Reports and financial statements required to be furnished by the Company pursuant to
clauses (i), (ii) and (iv) of this subsection (h) shall be deemed to have been furnished on the earlier of (A) the date on which such reports and financial statements are posted on the Internet at www.sec.gov or (B) the date on which
the Company posts such reports, or reports containing such financial statements, on its website on the Internet at www.att.com or at such other website identified by the Company in a notice to the Agent and the Lenders and that is accessible by the
Lenders without charge. 
 SECTION 5.02. Negative Covenants. So long as any Advance shall remain unpaid or any Lender shall have any
Commitment hereunder, the Company will not: 
 (a) Liens, Etc. Create or suffer to exist, or permit any of its
Subsidiaries to create or suffer to exist, any Lien on or with respect to any of its properties, or assign any right to receive income, whether now owned or hereafter acquired, other than: 
 (i) Permitted Liens, 

(ii) purchase money Liens upon or in any real property or equipment acquired or held by the Company or any Subsidiary of the
Company in the ordinary course of business to secure the purchase price of such property or equipment or to secure Debt incurred solely for the purpose of financing the acquisition of such property or equipment (including capital leases), or Liens
existing on such property or equipment at the time of its acquisition (other than any such Liens created in contemplation of such acquisition that were not incurred to finance the acquisition of such property) or extensions, renewals or replacements
of any of the foregoing for the same or a lesser amount, provided, however, that no such Lien shall extend to or cover any properties of any character other than the real property or equipment being acquired, and no such extension,
renewal or replacement shall extend to or cover any properties not theretofore subject to the Lien being extended, renewed or replaced, 

  
 49 

 (iii) the Liens existing on the date hereof and described on Schedule
5.02(a) hereto, 
 (iv) Liens on property of a Person existing at the time such Person is merged into or consolidated with
the Company or any Subsidiary of the Company or becomes a Subsidiary of the Company; provided that such Liens were not created in contemplation of such merger, consolidation or acquisition and do not extend to any assets other than those of
the Person so merged into or consolidated with the Company or such Subsidiary or acquired by the Company or such Subsidiary, 

(v) Liens securing Debt incurred by the Company or its Subsidiaries in connection with a financing or similar transaction based on accounts receivable (including any
Receivables Securitization), 
 (vi) Liens on assets of a Subsidiary that is a regulated telephone company (a
“Telco”) that, pursuant to the public debt indenture(s) of such Telco, are created upon the merger or conveyance or sale of all or substantially all of the assets of such Telco, 

(vii) Liens on real property securing Debt and other obligations in an aggregate principal amount not to exceed $1,000,000,000
at any time outstanding, 
 (viii) other Liens securing Debt and other obligations in an aggregate principal amount not to
exceed at any time outstanding ten percent of Net Tangible Assets, and 
 (ix) the replacement, extension or renewal of any
Lien permitted by clause (iii) or (iv) above upon or in the same property theretofore subject thereto or the replacement, extension or renewal (without increase in the amount or change in any direct or contingent obligor) of the Debt secured
thereby. 
 (b) Mergers, Etc. Merge or consolidate with or into, or, directly or indirectly, convey, transfer, lease
or otherwise dispose of (whether in one transaction or in a series of transactions) all or substantially all of its assets (whether now owned or hereafter acquired) to, any Person, except in the event that the Company shall be the continuing or
surviving Person following such merger or consolidation. 
 (c) Sanctions and Anti-Corruption. Request any Borrowing,
nor directly or to its knowledge indirectly use the proceeds of any Borrowing, or permit any other Borrower to so request or use the proceeds of any Borrowing, in each case (i) in furtherance of an offer, payment, promise to pay, or
authorization of the payment or giving of money, or anything else of value, to any Person in violation of any Anti-Corruption Laws, or (ii) in any manner that would result in the violation of any Sanctions applicable to the Company or its
Subsidiaries or, to the knowledge of the Company, any other party hereto. 
 SECTION 5.03. Financial Covenant. The Company will
maintain, as of the last day of each fiscal quarter, a ratio of Net Debt for Borrowed Money to Consolidated EBITDA of the Company and its Subsidiaries for the four quarters then ended of not more than 3.5 to 1. 

  
 50 

 ARTICLE VI 

EVENTS OF DEFAULT 
 SECTION 6.01.
Events of Default. If any of the following events (“Events of Default”) shall occur and be continuing: 

(a) Failure to pay any principal of any Advance when the same becomes due and payable; or failure to pay any interest on any
Advance or to make any other payment of fees or other amounts payable under this Agreement or any Note within three Business Days after the same becomes due and payable; or 

(b) Any representation or warranty made herein or in connection with this Agreement shall prove to have been incorrect in any
material respect when made; or 
 (c) (i) The Company shall fail to perform or observe any term, covenant or agreement
applicable to it contained in Sections 5.01(c), (d) or (g), 5.02 or 5.03, or (ii) the Company shall fail to perform or observe any term, covenant or agreement (other than those referred to in clauses (a) and (c)(i) above) contained in this
Agreement on its part to be performed or observed and such failure shall remain unremedied for 10 days after written notice thereof shall have been given to the Company by the Agent or any Lender; or 

(d) (i) The Company or any of its
Material Subsidiaries (other than Vrio Corp. or any of its
Subsidiaries) shall fail to pay any principal of or premium or interest on any Debt that is outstanding in a principal or net amount of at least the Threshold Amount in the aggregate (but excluding Debt outstanding hereunder) of the Company or such
Material Subsidiary (as the case may be), when the same
becomes due and payable (whether by scheduled maturity, required prepayment, acceleration, demand or otherwise), and such failure shall continue after the applicable grace period, if any, specified in the agreement or instrument relating to such
Debt; (ii) any other event shall occur or condition shall exist under any agreement or instrument relating to any such Debt (other than any required prepayment due to illegality or termination of enforceability of any export credit agency
guarantee) and shall continue after the applicable grace period, if any, specified in such agreement or instrument, if the effect of such event or condition is to accelerate the maturity of such Debt; or (iii) any such Debt shall be declared to
be due and payable, or required to be prepaid or redeemed (other than (x) by a regularly scheduled required prepayment or redemption or (y) due to illegality or the termination of unenforceability of any export credit agency guarantee),
purchased or defeased, or an offer to prepay, redeem, purchase or defease such Debt shall be required to be made, in each case prior to the stated maturity thereof; provided, that, (x) the Debt subject of clause (ii) or (iii) above
shall not include Debt of a Person that is merged into or consolidated with the Company or any Material
Subsidiary of the Company or that becomes a
Material Subsidiary of the Company for a period of 90 days
after the date that such Debt becomes Debt of the Company or any of its Material Subsidiaries and (y) clauses (ii) and (iii) above shall not apply to any prepayment, redemption, repurchase or defeasance required to be made as a result of the obligor of such Debt making a voluntary
notice of prepayment, voluntary notice of redemption, voluntary notice of repurchase, voluntary notice of defeasance or taking similar action with comparable effect; or 

(e) The Company or any of its Material Subsidiaries shall generally not pay its debts as such debts become due, or shall admit
in writing its inability to pay its debts generally, or shall make a general assignment for the benefit of creditors; or any proceeding shall be instituted by or against the Company or any of its Material Subsidiaries seeking to adjudicate it a
bankrupt or insolvent, or seeking liquidation, winding up, reorganization, arrangement, adjustment, protection, relief, or composition of it or its debts under any law relating to bankruptcy, insolvency or reorganization or relief of debtors, or
seeking the entry of an order for relief or the appointment of a receiver, trustee, custodian or other similar official for it or for any substantial 

  
 51 

 part of its property and, in the case of any such proceeding instituted against it (but not
instituted by it), either such proceeding shall remain undismissed or unstayed for a period of 30 days, or any of the actions sought in such proceeding (including, without limitation, the entry of an order for relief against, or the appointment of a
receiver, trustee, custodian or other similar official for, it or for any substantial part of its property) shall occur; or the Company or any of its Material Subsidiaries shall take any corporate action to authorize any of the actions set forth
above in this subsection (e); or 
 (f) Final and non-appealable judgments or orders
for the payment of money in excess of the Threshold Amount in the aggregate shall be rendered against the Company or any of its Material Subsidiaries, 30 days shall have passed since such judgment became final and
non- appealable and enforcement proceedings shall have been commenced by any creditor upon such judgment or order; provided, however, that any such judgment or order shall not be an Event of
Default under this Section 6.01(f) if and for so long as (i) the amount of such judgment or order is covered by a valid and binding policy of insurance between the defendant and the insurer covering payment thereof and (ii) such
insurer, which shall be rated at least “A” by A.M. Best Company, has been notified of, and has not disputed the claim made for payment of, the amount of such judgment or order; or 

(g) (i) any Person or two or more Persons acting in concert shall have acquired beneficial ownership (within the meaning of
Rule 13d-3 of the Securities and Exchange Commission under the Securities Exchange Act of 1934), directly or indirectly, of Voting Stock of the Company (or other securities convertible into such Voting Stock)
representing more than 50% of the combined voting power of all Voting Stock of the Company; or (ii) during any period of 24 consecutive months, commencing after
the date of this Agreement, individuals who at the beginning of such 24-month period were directors of the Company shall cease for any reason (other than due to retirement, death or disability) to constitute a
majority of the Board of Directors of the Company (except to the extent that such individuals were replaced by individuals (x) elected by 66-2/3% of the members of the Board of Directors of the Company or
(y) nominated for election by a majority of the members of the Board of Directors of the Company and thereafter elected as directors by the shareholders of the Company); or
(iii) the Company shall cease to own more than 50% of the combined voting power of all Voting Stock of any Designated Subsidiary; or 

(h) The Company or any ERISA Affiliate shall fail to satisfy minimum funding requirements under Section 412 of the
Internal Revenue Code or Section 302 of ERISA to any Plan, or apply for a waiver of such requirements, and such failure could reasonably be expected to subject the Company
or any of its Subsidiaries to any liabilities in the aggregate in excess of the Threshold Amount; or

 (i) So long as any Subsidiary of the Company is a Designated Subsidiary, any provision of Article VII shall for any
reason cease to be valid and binding on or enforceable against the Company, or the Company shall so state in writing; 
 then, and in any such event, the
Agent (i) shall at the request, or may with the consent, of the Required Lenders, by notice to the Company, declare the obligation of each Lender to make Advances to be terminated, whereupon the same shall forthwith terminate, and
(ii) shall at the request, or may with the consent, of the Required Lenders, by notice to the Company, declare the Advances, all interest thereon and all other amounts payable by the Company and each Designated Subsidiary under this Agreement
to be forthwith due and payable, whereupon such Advances, all such interest and all such amounts shall become and be forthwith due and payable, without presentment, demand, protest or further notice of any Code or (c) any Person whose assets
include (for purposes of ERISA Section 3(42) or otherwise for purposes of Title I of ERISA or Section 4975 of the Internal Revenue Code) the assets of any such “employee benefit plan” or “plan”. 

  
 52 

 “PTE” means a prohibited transaction class exemption issued by the U.S.
Department of Labor, as any such exemption may be amended from time to time. 
 ARTICLE IX 

MISCELLANEOUS 
 SECTION 9.01.
Amendments, Etc.
(a) NoExcept as
provided in Section 2.21, no amendment or waiver of any provision of this Agreement or the Notes, nor consent to any departure by any Borrower therefrom, shall in any event be effective
unless the same shall be in writing and signed by the Required Lenders, and then such waiver or consent shall be effective only in the specific instance and for the specific purpose for which given; provided, however, that no
amendment, waiver or consent shall: (a) waive any of the conditions specified in Section 3.01 without the written consent of all Lenders, (b)    increase or, subject to Section 2.18, extend the Commitment of any Lender
without the written consent of such Lender, (c) reduce the principal of, or rate of interest on, the Advances or any fees or other amounts payable hereunder
(other than as a result of an amendment pursuant to Section 2.21) without the written consent of all Lenders directly affected thereby, (d) postpone any date fixed for any payment of principal of, or interest on, the Advances or any fees or other amounts payable hereunder
without the written consent of all Lenders directly affected thereby, (e) change the definition of “Required Lenders”, or the percentage of the Commitments or of the aggregate unpaid principal amount of the Advances, or the number of
Lenders, that shall be required for the Lenders or any of them to take any action hereunder without the written consent of all Lenders, (f) add any currencies to the definition of Committed Currencies without the written consent of all Lenders
directly affected thereby, (g) so long as any Designated Subsidiary is a Borrower hereunder, release the Company from its obligations under Section 7.01 without the written consent of all Lenders other than Defaulting Lenders or
(h) amend this Section 9.01 without the written consent of all Lenders; and provided further that no amendment, waiver or consent shall, unless in writing and signed by the Agent in addition to the Lenders required above to
take such action, affect the rights or duties of the Agent under this Agreement or any Note. 
 (b) Any term or provision of this
Section 9.01 to the contrary notwithstanding, if the Agent and the Company shall have jointly identified an obvious error or any error or omission of a technical or immaterial nature in any provision of this Agreement, then the Agent and the
Company shall be permitted to amend such provision and such amendment shall become effective without any further action or consent of any other party to this Agreement so long as the Lenders shall have received prior written notice thereof and the
Agent shall not have received, within two Business Days of the date of such notice, a written notice from the Required Lenders stating that the Required Lenders object to such amendment. 

SECTION 9.02. Notices; Effectiveness; Electronic Communication. (a)    Notices Generally. Except in
the case of notices and other communications expressly permitted to be given by telephone (and except as provided in paragraph (b) below), all notices and other communications provided for herein shall be in writing and shall be delivered by
hand or overnight courier service, mailed by certified or registered mail or sent by facsimile as follows: 

(i)    if to the Company or any Designated Subsidiary, to the Company at 208 S. Akard Street, 18th Floor,
Dallas, Texas 75202, Attention: Assistant Treasurer (Facsimile No. (214) 746-2277; Telephone No. (214) 757-4681) with a copy to Attention: Vice President –
Associate General Counsel and Assistant Secretary (Telephone No.: (214) 757-3344; E-mail: ww0118@att.com); 

  
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 (ii)    if to the Agent, to it at 1615 Brett Road, Building
#3One Penns Way, OPS 2/2, New Castle, Delaware
19720, Attention of Bank Loan Syndications (Facsimile No. 646-274- 5080; Email GLAgentOfficeOps@citi.com); and 

(iii)    if to a Lender, to it at its address (or facsimile number) set forth in its Administrative
Questionnaire. 
 Notices sent by hand or overnight courier service, or mailed by certified or registered mail, shall be deemed to have been
given when received; notices sent by facsimile shall be deemed to have been given when sent (except that, if not given during normal business hours for the recipient, shall be deemed to have been given at the opening of business on the next Business
Day for the recipient). Notices delivered through electronic communications, to the extent provided in paragraph (b) below, shall be effective as provided in said paragraph (b). 

(b)    Electronic Communications. Notices and other communications to the Lenders hereunder may be delivered or
furnished by electronic communication (including e-mail and Internet or intranet websites) pursuant to procedures approved by the Agent, provided that the foregoing shall not apply to notices to any
Lender pursuant to Article II if such Lender has notified the Agent that it is incapable of receiving notices under such Article by electronic communication. The Agent or the Company may, in its discretion, agree to accept notices and other
communications to it hereunder by electronic communications pursuant to procedures approved by it; provided that approval of such procedures may be limited to particular notices or communications. 

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

(c)    Change of Address, etc. Any party hereto may change its address or facsimile number for notices and other
communications hereunder by notice to the other parties hereto. 
 (d) Platform. 

(i)    The Company agrees that the Agent may, but shall not be obligated to, make the Communications (as
defined below) available to the Lenders by posting the Communications on Debt Domain, Intralinks, Syndtrak or a substantially similar electronic transmission system (the “Platform”). 

(ii)    The Platform is provided “as is” and “as available.” The Agent Parties (as
defined below) do not warrant the adequacy of the Platform and expressly disclaim liability for errors or omissions in the Communications. No warranty of any kind, express, implied or statutory, including, without limitation, any warranty of
merchantability, fitness for a particular 

  
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 purpose, non-infringement of third-party rights or
freedom from viruses or other code defects, is made by any Agent Party in connection with the Communications or the Platform. In no event shall the Agent or any of its Related Parties (collectively, the “Agent Parties”) have any
liability to the Company, any Lender or any other Person or entity for damages of any kind, including, without limitation, direct or indirect, special, incidental or consequential damages, losses or expenses (whether in tort, contract or otherwise)
arising out of the Company’s or the Agent’s transmission of communications through the Platform. “Communications” means, collectively, any notice, demand, communication, information, document or other material that the
Company provides to the Agent pursuant to this Agreement or the transactions contemplated herein which is distributed to the Agent any Lender by means of electronic communications pursuant to this Section, including through the Platform. 

SECTION 9.03. No Waiver; Remedies. No failure on the part of any Lender or the Agent to exercise, and no delay in exercising, any right
hereunder or under any Note shall operate as a waiver thereof; nor shall any single or partial exercise of any such right preclude any other or further exercise thereof or the exercise of any other right. The remedies herein provided are cumulative
and not exclusive of any remedies provided by law. 
 SECTION 9.04. Costs and Expenses. (a) The Company agrees to pay within 20
days of demand all reasonable and documented out-of-pocket costs and expenses of the Agent in connection with the preparation, execution, delivery, administration,
modification and amendment of this Agreement, the Notes and the other documents to be delivered hereunder, including, without limitation, (A) all due diligence, syndication (including printing, distribution and bank meetings), transportation,
computer, duplication, appraisal, consultant, and audit expenses and (B) the reasonable and documented fees and expenses of Shearman & Sterling LLP, counsel for the Agent, with respect thereto and with respect to advising the Agent as
to its rights and responsibilities under this Agreement. The Company further agrees to pay on demand all out-of-pocket costs and expenses of the Agent and the Lenders,
if any (including, without limitation, reasonable and documented outside counsel fees and expenses), in connection with the enforcement (whether through negotiations, legal proceedings or otherwise) of this Agreement, the Notes and the other
documents to be delivered hereunder, including, without limitation, reasonable and documented fees and expenses of counsel for the Agent and each Lender in connection with the enforcement of rights under this Section 9.04(a). 

(b)    The Company agrees to indemnify and hold harmless the Agent and each Lender and each of their Related Parties
(each, an “Indemnified Party”) from and against any and all claims, damages, losses, liabilities and expenses (including, without limitation, reasonable and out of pocket fees and disbursements of one counsel to such Indemnified
Party and its Related Parties) incurred by or asserted or awarded against any Indemnified Party or such Indemnified Party’s Related Parties, in each case arising out of or in connection with or by reason of (including, without limitation, in
connection with any investigation, litigation or proceeding or preparation of a defense in connection therewith) the Notes, this Agreement, any of the transactions contemplated herein or the actual or proposed use of the proceeds of the Advances,
except to the extent such claim, damage, loss, liability or expense is found in a final, non-appealable judgment by a court of competent jurisdiction to have resulted from the gross negligence, material breach
of its obligations under this Agreement or willful misconduct of such Indemnified Party or its Related Parties. In the case of an investigation, litigation or other proceeding to which the indemnity in this Section 9.04(b) applies, such
indemnity shall be effective whether or not such investigation, litigation or proceeding is brought by the Company, its directors, equityholders or creditors, an Indemnified Party, a Related Party or any other Person (except for any disputes among
any Indemnified Party and its Related Parties), whether or not any Indemnified Party or Related Party is otherwise a party thereto and whether or not the transactions contemplated hereby are consummated. Each Borrower also agrees
not to assert any claim for special, indirect, consequential or punitive damages 

  
 63 

 
against the Agent, any Lender, any of their Affiliates, or any of their respective directors,
officers, employees, attorneys and agents, on any theory of liability, arising out of or otherwise
relating to the Notes, this Agreement, any of the transactions contemplated herein or the actual or
proposed use of the proceeds of the
Advances. 
 (c) If any payment of principal of, or Conversion of, any
Eurocurrency Rate Advance is made by any Borrower to or for the account of a Lender other than on the last day of the Interest Period for such Advance, as a result of a payment or Conversion pursuant to Section 2.07(d) or (e), 2.09 or 2.11,
acceleration of the maturity of the Notes pursuant to Section 6.01 or for any other reason, or by an Eligible Assignee to a Lender other than on the last day of the Interest Period for such Advance upon an assignment of rights and obligations
under this Agreement pursuant to Section 9.06 as a result of a demand by the Company pursuant to Section 2.20, or by an Increasing Lender or Assuming Lender in accordance with Section 2.17(d) other than on the last day of any Interest
Period, such Borrower shall, upon demand by such Lender (with a copy of such demand to the Agent), pay to the Agent for the account of such Lender any amounts required to compensate such Lender for any additional losses, costs or expenses that it
may reasonably incur as a result of such payment or Conversion, including, without limitation, any loss (excluding loss of anticipated profits), cost or expense incurred by reason of the liquidation or reemployment of deposits or other funds
acquired by any Lender to fund or maintain such Advance. If the amount of the Committed Currency purchased by any Lender in the case of a Conversion or exchange of Advances in the case of Section 2.08 or 2.12 exceeds the sum required to satisfy
such Lender’s liability in respect of such Advances, such Lender agrees to remit to such Borrower such excess. 
 (d) Each Borrower agrees not to assert any claim for special, indirect, consequential or punitive damages against the Agent, any Lender, any of
their Affiliates, or any of their respective directors, officers, employees, attorneys and agents, on any theory of liability, arising out of or otherwise relating to the Notes, this Agreement, any of the transactions contemplated herein or the
actual or proposed use of the proceeds of the Advances. 
 (de) Without prejudice to the survival of any other agreement of the Borrowers hereunder, the agreements and obligations of the Borrowers contained in Sections 2.10, 2.13 and 9.04 shall survive the payment in full of
principal, interest and all other amounts payable hereunder and under the Notes. 
 SECTION 9.05. Binding Effect.
(a) Counterparts; Effectiveness. This Agreement may be executed in counterparts (and by different parties hereto in different counterparts), each of which shall constitute an original, but all of which when taken together shall
constitute a single contract. Except as provided in Article III, this Agreement shall become effective when it shall have been executed by the Agent and when the Agent shall have received counterparts hereof that, when taken together, bear the
signatures of each of the other parties hereto. Delivery of an executed counterpart of a signature page of this Agreement by facsimile or in electronic (i.e., “pdf” or “tif”) format shall be effective as delivery of a manually
executed counterpart of this Agreement. 
 (b) Electronic Execution of Assignments. The words “execution,”
“signed,” “signature,” and words of like import in any Assignment and Assumption shall be deemed to include electronic signatures or the keeping of records in electronic form, each of which shall be of the same legal effect,
validity or enforceability as a manually executed signature or the use of a paper-based recordkeeping system, as the case may be, to the extent and as provided for in any applicable law, including the Federal Electronic Signatures in Global and
National Commerce Act, the New York State 

  
 64 

 
to the Agent, any Lender or any of their respective Affiliates on a nonconfidential basis from a source that, to the knowledge of the Agent, such Lender or such Affiliate, is not in breach of a
confidentiality obligation to the Company. In the case of a disclosure pursuant to clause (ii) above, the disclosing party agrees, to the extent practicable and permitted by applicable law, to promptly notify the Company prior to such
disclosure and to request confidential treatment. 

(b)
Each Borrower agrees to maintain the confidentiality of any information relating to a rate provided by a Reference Bank, except (i) to its officers,
directors, employees, agents, advisors or affiliates on a “need to know” basis, (ii) as required by any law, rule or regulation or judicial process, (iii) as requested or required by any state, federal or foreign authority or
examiner or regulatory authority, (iv) in connection with the exercise of any remedies hereunder or any suit, action or proceeding relating to this Agreement or the enforcement of rights hereunder and (v) with the consent of the applicable
Reference Bank. In the case of a disclosure pursuant to clause (ii) above, the disclosing party agrees, to the extent practicable and permitted by applicable law, to promptly notify the applicable Reference Bank prior to such disclosure and to
request confidential treatment. 
 (cb) Each of the Lenders hereby notifies each Borrower that, pursuant to the requirements of the Patriot Act, it is required to obtain, verify and record information that identifies each Borrower, which information
includes the name and address of the Company and other information that will allow it to identify such Borrower in accordance with the Patriot Act. 

SECTION 9.08. Designated Subsidiaries. (a) Designation. The Company may at any time, and from time to time, upon not less
than five Business Days’ notice (or ten Business Days’ notice in the case of any Subsidiary organized under laws of a jurisdiction outside of the United States), notify the Agent that the Company intends to designate a Subsidiary as a
“Designated Subsidiary” for purposes of this Agreement. On or after the date that is five Business Days after such notice (or ten Business Days after such notice in the case of any Subsidiary organized under laws of a jurisdiction outside
of the United States), upon delivery to the Agent and each Lender of a Designation Agreement duly executed by the Company and the respective Subsidiary, such Subsidiary shall thereupon become a “Designated Subsidiary” for all purposes of
this Agreement, and, upon fulfillment of the applicable conditions set forth in Section 3.02 and after such Designation Agreement is accepted by the Agent, such Subsidiary shall thereupon become a Designated Subsidiary for all purposes of this
Agreement and, as such, shall have all of the rights and obligations of a Borrower hereunder. The Agent shall promptly notify each Lender of the Company’s notice of such pending designation by the Company and the identity of the respective
Subsidiary. Following the giving of any notice pursuant to this Section 9.08(a), if the designation of such Designated Subsidiary obligates the Agent or any Lender to comply with “know your customer” or similar identification
procedures in circumstances where the necessary information is not already available to it, the Company shall, promptly upon the request of the Agent or any Lender, supply such documentation (including, without limitation, delivery of a Beneficial
Ownership Certification, if applicable) and other evidence as is reasonably requested by the Agent or any Lender in order for the Agent or such Lender to carry out and be satisfied it has complied with the requirements of all necessary “know
your customer” or other similar checks under all applicable laws and regulations (including, without limitation, the Beneficial Ownership Regulation). 

If the Company shall designate as a Designated Subsidiary hereunder any Subsidiary not organized under the laws of the United States or any
State thereof, any Lender may, with notice to the Agent and the Company, fulfill its Commitment by causing an Affiliate or branch of such Lender to act as the Lender in respect of such Designated Subsidiary. 

As soon as practicable after receiving notice from the Company or the Agent of the Company’s intent to designate a Subsidiary as a
Designated Subsidiary, and in any event no later than 

  
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 SECTION 9.13. Severability. If any provision of this Agreement is held to be illegal,
invalid or unenforceable, (a) the legality, validity and enforceability of the remaining provisions of this Agreement shall not be affected or impaired thereby and (b) the parties shall endeavor in good faith negotiations to replace the
illegal, invalid or unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of the illegal, invalid or unenforceable provisions. The invalidity of a provision in a particular jurisdiction shall
not invalidate or render unenforceable such provision in any other jurisdiction. Without limiting the foregoing provisions of this Section 9.13, if and to the extent that the enforceability of any provisions in this Agreement relating to
Defaulting Lenders shall be limited by any debtor relief laws, then such provisions shall be deemed to be in effect only to the extent not so limited. 

SECTION 9.14. Acknowledgement and Consent to Bail-In of EEAAffected Financial Institutions. Notwithstanding anything to the contrary in this Agreement or in any other agreement, arrangement or understanding among any such parties, each party hereto acknowledges that any
liability of any
EEAAffected
 Financial Institution arising under this Agreement, to the
extent such liability is unsecured, may be subject to the Write-Down and Conversion Powers of an
EEAthe applicable Resolution Authority and agrees
and consents to, and acknowledges and agrees to be bound by:(a) the application of any Write-Down and Conversion Powers by an EEAthe applicable Resolution Authority to any such liabilities arising
hereunder which may be payable to it by any party hereto that is an
EEAAffected
 Financial Institution; and 
 (b) the effects of any Bail-In Action on any such liability, including, if applicable: 
 (i) a reduction in full
or in part or cancellation of any such liability; 
 (ii) a conversion of all, or a portion of, such liability into shares or
other instruments of ownership in such
EEAAffected
Financial Institution, its parent entity, or a bridge institution that may be issued to it or otherwise conferred on it, and that such shares or other instruments of ownership will be accepted by
it in lieu of any rights with respect to any such liability under this Agreement; or 
 (iii) the variation of the terms of such liability in connection with
the exercise of the Write-Down and Conversion Powers of any
EEAthe applicable Resolution Authority.

 SECTION 9.15. No Fiduciary Duties. The Company acknowledges that the Agent, each Arranger, each Lender and their respective
Affiliates may have economic interests that conflict with those of the Company, its stockholders and/or its Affiliates. The Company agrees that in connection with all aspects of the transactions contemplated hereby and any communications in
connection therewith, the Company and its Subsidiaries, on the one hand, and the Agent, the Arrangers and the Lenders and their respective Affiliates, on the other hand, will have a business relationship that does not create, by implication or
otherwise, any fiduciary duty on the part of the Agent, the Arrangers and the Lenders or their respective Affiliates and no such duty will be deemed to have arisen in connection with any such transactions or communications. 

  
 72 

 EXHIBIT A - FORM OF 

NON-NEGOTIABLE PROMISSORY NOTE 
  

			
	U.S.$_______________	  	 Dated:__________, 20_

 FOR VALUE RECEIVED, the undersigned, [NAME OF BORROWER], a__________ (the
“Borrower”), HEREBY PROMISES TO PAY to the order of________________________________
(the “Lender”) for the account of its Applicable Lending Office on the later of the Termination Date and the date designated pursuant to Section 2.05 of the Credit Agreement (each as defined in the Credit Agreement referred
to below) the principal sum of U.S.$[amount of the Lender’s Commitment in figures] or, if less, the aggregate principal amount of the Advances made by the Lender to the Borrower pursuant to the Five Year Credit Agreement dated as of
December 11, 2018 among the Borrower, [AT&T Inc.,] the Lender and certain other lenders parties thereto and Citibank, N.A., as Agent for the Lender and such other lenders (as amended or modified from time to time, the “Credit
Agreement”; the terms defined therein being used herein as therein defined) outstanding on such date. 
 The Borrower
promises to pay interest on the unpaid principal amount of each Advance from the date of such Advance until such principal amount is paid in full, at such interest rates, and payable at such times, as are specified in the Credit Agreement. 

Both principal and interest in respect of each Advance (i) in Dollars are payable in lawful money of the United States of America to the
Agent at its account maintained at 388 Greenwich Street, New York, New York 10013, in same day funds and (ii) in any Committed Currency are payable in such currency at the applicable Payment Office in same day funds. Each Advance owing to the
Lender by the Borrower pursuant to the Credit Agreement, and all payments made on account of principal thereof, shall be recorded by the Lender and, prior to any transfer hereof, endorsed on the grid attached hereto which is part of this Promissory
Note. 
 This Promissory Note is one of the Notes referred to in, and is entitled to the benefits of, the Credit Agreement. The Credit
Agreement, among other things, (i) provides for the making of Advances by the Lender to the Borrower from time to time in an aggregate amount not to exceed at any time outstanding the U.S. dollar amount first above mentioned, the indebtedness
of the Borrower resulting from each such Advance being evidenced by this Promissory Note, (ii) contains provisions for determining the Dollar Equivalent of Advances denominated in Committed Currencies and (iii) contains provisions for
acceleration of the maturity hereof upon the happening of certain stated events and also for prepayments on account of principal hereof prior to the maturity hereof upon the terms and conditions therein specified. 

 

			
	[NAME OF BORROWER]

 
			
		
	By	 	 

 
			
	Name:	 	

 Title: 

 EXHIBIT B-1 - FORM OF NOTICE OF 

BORROWING 
 Citibank, N.A., as Agent 

for the Lenders parties 
 to the Credit Agreement 

referred to below 
 1615 Brett Road, Building #3 

One Penns Way, OPS
2/2 
 New Castle, Delaware 19720 

[Date] 
 Attention: Bank Loan
Syndications Department 
 Ladies and Gentlemen: 

The undersigned, [NAME OF BORROWER], a______________ (the “Borrower”), refers to the Five Year Credit Agreement, dated as of
December 11, 2018 (as amended or modified from time to time, the “Credit Agreement”, the terms defined therein being used herein as therein defined), among the Borrower, [AT&T Inc.,] certain Lenders parties thereto and
Citibank, N.A., as Agent for said Lenders, and hereby gives you notice, irrevocably, pursuant to Section 2.02 of the Credit Agreement that the undersigned hereby requests a Borrowing under the Credit Agreement, and in that connection sets forth
below the information relating to such Borrowing (the “Proposed Borrowing”) as required by Section 2.02(a) of the Credit Agreement: 

(i) The Business Day of the Proposed Borrowing is__________________, 20 . 

(ii) The Type of Advances comprising the Proposed Borrowing is [Base Rate Advances] [Eurocurrency Rate Advances]. 

(iii) The aggregate amount of the Proposed Borrowing is [$________________] [for a Borrowing in a Committed Currency. List
currency and amount of Borrowing]. 
 (iv) The proceeds of the Proposed Borrowing shall be funded to account maintained by
the Borrower at_______________ at its office at_______________ , Account No.___________________. 
 [(v) The initial Interest
Period for each Eurocurrency Rate Advance made as part of the Proposed Borrowing is month[s].] 
 [(vi) The Borrower hereby
instructs the Agent that each Eurocurrency Rate Advance made as part of the Proposed Borrowing shall be continued for successive month Interest Periods until the Borrower shall give the Agent written notice at least five Business Days prior to the
end of an Interest Period that, as of the end of such Interest Period, the applicable Eurocurrency Rate Advances shall Convert into Base Rate Advances or shall be continued as Eurocurrency Rate Advances having an Interest Period as so notified.]

 The undersigned hereby certifies that the following statements are true on the date hereof, and will be true on the date of the Proposed
Borrowing: 

 EXHIBIT B-2 - FORM OF NOTICE OF 

CONTINUATION / CONVERSION 
 Citibank, N.A., as
Agent 
 for the Lenders parties 
 to the Credit Agreement 

referred to below 
 1615 Brett Road, Building #3 

One Penns Way, OPS
2/2 
 New Castle, Delaware 19720 

[Date] 
 Attention: Bank Loan
Syndications Department 
 Ladies and Gentlemen: 

The undersigned, [NAME OF BORROWER], a__________ (the “Borrower”), refers to the Five Year Credit Agreement, dated as of
December 11, 2018 (as amended or modified from time to time, the “Credit Agreement”, the terms defined therein being used herein as therein defined), among the Borrower, [AT&T Inc.,] certain Lenders parties thereto, and
Citibank, N.A., as Agent for said Lenders, and hereby gives you notice, irrevocably, pursuant to Section 2.07(c) of the Credit Agreement that the undersigned hereby requests that the outstanding Eurocurrency Rate Advances having an Interest
Period ending on_________ , 20_ [be continued with an Interest Period of_______ month[s]] [[if such Eurocurrency Rate Advances are denominated in Dollars] Convert to a Base Rate Advance]. [The Borrower hereby instructs the Agent that such
Eurocurrency Rate Advances shall be continued for successive              month Interest Periods until the Borrower shall give the Agent written notice at least five Business Days prior to
the end of an Interest Period that, as of the end of such Interest Period, the applicable Eurocurrency Rate Advances shall Convert into Base Rate Advances or shall be continued as Eurocurrency Rate Advances having an Interest Period as so notified.]

  

			
	Very truly yours,
	
	[NAME OF BORROWER]

 
			
		
	By	 	 

 
			
	Name:	 	
	Title:ex10-1

 

 Exhibit
10.1

IMAGEWARE SYSTEMS, INC.

 

 
AMENDED
AND RESTATED CONSULTING AGREEMENT

 

This
Amended and Restated Consulting Agreement (the “Agreement”) is made and
entered into effective as of November 13, 2020 (the
“Effective
Date”), by and between Mr. S. James Miller, Jr. (the
“Consultant”) and
ImageWare Systems, Inc., a Delaware corporation (the
“Company”).

 

RECITALS

 

WHEREAS, Consultant and the Company are
currently parties to that certain Transition Services Agreement
dated March 2, 2020 (the “Current Agreement”)
whereby Consultant serves as the Company’s Executive Chairman
of the Board;

 

WHEREAS, in connection with
Consultant’s retirement from the Company, the parties desire
to transition Consultant from the Executive Chairman of the Board
to a full time consulting position to provide certain consulting
services to the Company; and

 

WHEREAS, the parties have mutually
agreed to terminate the Current Agreement and enter into this
Agreement to govern the consulting relationship between Consultant
and the Company.

 

AGREEMENT

  

In
consideration of the mutual covenants herein contained, the parties
agree as follows:

 

1.            
Termination of Current
Agreement. Upon the Effective Date, the Current Agreement
will be terminated in its entirety and this Agreement shall
supersede the Current Agreement in all respects. In connection with
the termination of the Current Agreement, the Company shall pay to
Consultant, on the Effective Date, the following: (i) any unpaid
base salary due to Consultant under the Current Agreement for all
periods prior to the Effective Date, (ii) all amounts due for
accrued and unused vacation through the Effective Date, and (iii)
all amounts for reimbursement of all expenses incurred by
Consultant in connection with his employment with the Company for
all periods prior to the Effective Date, each of which amounts
described in clauses (i), (ii) and (iii) above are set forth on
Exhibit A and
hereby agreed by the parties.

  

2.            Services
of Consultant. Subject at all times to the Company’s
right to terminate this Agreement, as set forth in Section 4, the
Consultant shall provide such consulting and other services from
time to time as reasonably requested by the Company’s Chief
Executive Officer which are commensurate with Consultant’s
skills and experience and be substantially similar to the services
Consultant was providing to the Company prior to the date hereof,
it being understood that Consultant’s role and
responsibilities shall principally be in the areas of sales and
business development (the “Services”).
Notwithstanding the following, Consultant shall only be required to
provide the Services from the Company’s headquarters in San
Diego, California or the Consultant’s home residence, at the
discretion of the Consultant. The parties agree and acknowledge
that, Consultant shall provide Services to the Company from time to
time as requested by the Company up to a maximum of sixteen (16)
hours per week (the “Hours Cap”) in fulfilling
his obligations hereunder. As an independent contractor, Consultant
is free to provide services to other entities during the Term as
long as Consultant does not violate any of the terms of this
Agreement; provided,
however, during the Term, Consultant shall not provide
advisory, consulting or other services to any entity that directly
or indirectly competes with the Company. Subject to the Hours Cap,
Consultant agrees to attend such meetings as the Chief Executive
Officer may reasonably request for proper communication of his
advice and consultation. Consultant shall coordinate the furnishing
of Consultant’s Services pursuant to this Agreement with the
Company in order that such Services can be provided in such a way
as to generally conform to the business schedules of the Company,
but the method of performance, time of performance, place of
performance, hours utilized in such performance, and other details
of the manner of performance of Consultant’s services
hereunder shall be within the sole discretion of
Consultant.

 

 

	

 

 

 

 

3.            Resignation
from the Board of Directors. As of the Effective Date,
Consultant hereby resigns from the Board of Directors of the
Company.

  

4.            Term
of Engagement. Subject to Company’s right to terminate
this Agreement pursuant to this Section 4, the term of
Consultant’s engagement under this Agreement shall commence
on the Effective Date and shall continue for a full five (5) month
term (such period being referred to herein as the
“Term”,
and such date, the “Termination
Date”).

 (a)           Termination
for Breach. Either party may terminate this Agreement if the
other party breaches any material term of this Agreement and fails
to cure such breach within ten (10) days following written notice
thereof from the non-breaching party.

 

(b)           Effect
of Termination. Upon the expiration or termination of this
Agreement for any reason: (i) Consultant will promptly deliver
to Company all Consultant Work Product, including all work in
progress on any Consultant Work Product not previously delivered to
Company, if any; (ii) Consultant will promptly deliver to
Company all Confidential Information in Consultant’s
possession or control; and (iii) Company will pay Consultant
any accrued but unpaid fees due and payable to Consultant pursuant
to Section 5.

 

5.            Compensation
and Benefits.

 

(a)            Consultant
shall be paid a monthly consulting fee (“Consulting Fee”), and
shall be entitled to certain benefits, each as more particularly
set forth in Exhibit
A attached hereto and incorporated by reference herein. The
Consulting Fee shall be paid on the 1st day of each month
following the date of this Agreement (pro-rated for any portion of
a month following the Effective Date). The Company shall arrange
for all payments due hereunder to be paid automatically, at the
times set forth above, through the Company’s accounts payable
system.

 

(b)            The
Company has accrued 787,000 restricted stock units of the Company
(the “RSUs”) issuable to
Consultant. Upon the Effective Date of this Agreement 525,000 RSUs
shall be issued by the Company to Consultant and shall become fully
vested as of the effective date. The remaining 262,000 unvested
RSUs shall terminate and be of no further force and
effect.

 

(c) Consultant and the
Company acknowledge and agree that (a) the Company is not
required to, and shall not, withhold federal or state income, gross
receipts or similar taxes from the Consulting Fee paid to
Consultant hereunder and the Company is not otherwise required to
comply with any state or federal law concerning the collection of
income, gross receipts or similar taxes at the source of payment of
wages, (b) the Company is not required under the Federal
Unemployment Tax Act or the Federal Insurance Contribution Act to
pay or withhold taxes for unemployment compensation or for social
security on behalf of Consultant with respect to the Consulting Fee
and (c) the Company is not required under the laws of any
state to obtain workers’ compensation insurance or to make
state unemployment compensation contributions on behalf of
Consultant.

 

6. No Authorization to Engage in
Management Activities. No provision of this Agreement shall
be interpreted to imply such authorization or obligation on the
part of the Consultant to have any management responsibilities,
authority or activities including planning, organizing, directing,
coordinating, and controlling with respect to all or part of the
Company, unless such activities are directed by the Chief Executive
Officer of the Company.

 

7. Release.
For and in consideration for the agreements of the parties set
forth herein, the parties hereto, on each party’s own behalf
and on behalf such party’s successors and assigns (as the
case may be, collectively referred to as “Releasor”), hereby
releases and forever discharges the other party, its predecessors,
successors, corporate affiliates, parent entities and subsidiaries
and its officers, directors, agents, representatives, employees,
consultants and advisors (as the case may be, collectively referred
to as “Releasee”), from any and
all claims, counterclaims, demands, debts, actions, causes of
action, suits, expenses, costs, attorneys’ fees, damages,
indemnities, obligations and/or liabilities of any nature
whatsoever (“Release”), whether known
or unknown, which Releasor ever had, now has or hereafter can,
shall or may have against Releasee, for, upon or by reason of any
matter, cause or thing whatsoever from the beginning of the world
to the date of this Release, including, but not limited to, the
following: (i) all such claims and demands directly or indirectly
arising out of or in any way connected with Consultant’s
employment with the Company and/or its affiliated entities, parents
and subsidiaries or the termination of that employment, (ii) all
such claims and demands related to salary, bonuses, commissions,
restricted stock, unvested stock options or unvested warrants, or
any other benefits or compensation which have, are or may be due to
Consultant or his beneficiaries from the Company and/or its
affiliated entities, parents and subsidiaries, including vacation
pay, fringe benefits, expense reimbursements, severance pay and/or
any other form of compensation; (iii) any claims arising under any
federal, state or local law, statute or ordinance; and (iv) any
claims for breach of contract related to Consultant’s
employment, express or implied, including any claim for breach of
any implied covenant of good faith and fair dealing, wrongful
discharge, discrimination, harassment, fraud, defamation,
intentional tort, emotional distress and negligence.
Notwithstanding the foregoing, Releasor does not release any rights
or claims against Releasee that may arise under the terms of this
Agreement.

 

 

	

 

 

 

 

 

Consultant
and the Company do not intend to release claims that Consultant may
not release as a matter of law, including but not limited to claims
for indemnity under California Labor Code Section
2802.

 

Notwithstanding the foregoing, Consultant is not releasing, and the
Release shall not include, any claims by Consultant for
indemnification to which Consultant may be entitled as a current or
former director or officer of the Company under the Company’s
certificate of incorporation, bylaws or any indemnification
agreement between Consultant and the Company, in each case, as they
exist as of the date of this Agreement.

 

 

Nothing in this Section 7 shall prohibit Consultant from filing a
charge or complaint with a government agency such as but not
limited to the Equal Employment Opportunity Commission, the
National Labor Relations Board, the Department of Labor, the
California Department of Fair Employment and Housing, or other
applicable state agency. However,

 

Nothing
in this Section 7 shall prohibit or impair Consultant or the
Company from complying with all applicable laws, nor shall this
Agreement be construed to obligate either party to commit (or aid
or abet in the commission of) any unlawful act.

 

8. Non-Disparagement. Consultant
agrees not
to make, or cause any other person to make, any public statement
that is intended to criticize or disparage the Company, any of its
affiliates, or any of their respective officers, managers or
directors. The Company agrees to use commercially reasonable
efforts to cause its officers and members of its Board of Directors
not to intentionally make, or intentionally cause any other person
to make, any public statement that is intended to criticize or
disparage Consultant. This Section 8 shall not be construed to
prohibit any person from responding publicly to incorrect public
statements or from making truthful statements when required by law,
subpoena, court order, or the like.

 

9. Prohibited Activities. Without
the Company’s prior written consent, for a period of two (2)
years from the Effective Date, Consultant shall not (i) solicit,
directly or indirectly, or cause to be solicited the employment of
or employ any person who is now employed by Company (or whose
activities are dedicated to the Company); (ii) engage, directly
or indirectly, in or with any business that competes directly or
indirectly with the business of the Company; or (iii)
solicit any current or prospective customer of the Company, the
result of which is that the Company’s business with such
current or prospective customer is harmed.

 

10. Independent Contractor. At all
times during the Term, Consultant shall be an independent
contractor of the Company. In no event shall Consultant be deemed
to be an employee of the Company, and Consultant shall not at any
time be entitled to any employment rights or benefits from the
Company or be deemed to be an agent of the Company or have any
power to bind or commit the Company or otherwise act on its behalf,
other than as specifically set forth on Exhibit A attached hereto.
Consultant acknowledges and agrees that, as a non-employee,
Consultant is not eligible for any benefits sponsored by the
Company or any other benefit from the Company, other than as
specifically set forth on Exhibit A attached hereto, and,
accordingly, Consultant shall not participate in any pension or
welfare benefit plans, programs or arrangements of the Company.
Consultant shall not at any time communicate or represent to any
third party, or cause or knowingly permit any third-party to
assume, that in performing the Consulting Services hereunder,
Consultant is an employee, agent or other representative of the
Company or has any authority to bind the Company or act on behalf
of the Company. Consultant shall be solely responsible for making
all of Consultant’s applicable tax filings and remittances
with respect to amounts paid to Consultant pursuant to this
Agreement and shall indemnify and hold harmless the Company and its
respective representatives for all claims, damages, costs and
liabilities arising from Consultant’s failure to do so. It is
not the purpose or intention of this Agreement or the parties to
create, and the same shall not be construed as creating, any
partnership, partnership relation, joint venture, agency, or
employment relationship.

 

11. Confidentiality
and Non-Disclosure

 

(a) Through the
performance of the Consulting Services hereunder, Consultant shall
have access to confidential and proprietary information of the
Company, including some or all of the following documents,
materials and information of the Company (collectively
the “Confidential
Information”): (i) business strategies, corporate
opportunities, research, financial and sales data, pricing terms,
evaluations, opinions, interpretations and acquisition prospects,
(ii) information relating to the identity of customers or their
requirements, the identity of key contacts within customers’
organizations or within the organization of acquisition prospects,
(iii) information about, marketing and production plans or
techniques; (iv) customer and supplier lists, prospective customer
information, current and anticipated customer requirements,
distribution networks, price lists, market studies and business
plans; (v) historical and projected sales data, financial data and
projections, capital spending budgets and operating budgets; (vi)
employee and agent training techniques and materials and personnel
files, (vii) research and development plans or results, and (viii)
all other non-public information that gives the Company a
competitive advantage by virtue of its not being publicly
known.

 

	

 

 

 

 

(b) Consultant hereby
acknowledges and agrees that the protection of the Confidential
Information is necessary to protect and preserve the value of the
Company and its business. Accordingly, subject to the terms and
conditions of this Section 11, Consultant hereby covenants and
agrees that, without the prior written consent of the Company,
Consultant shall not directly or indirectly disclose any
Confidential Information to any person or entity outside of the
Company and shall not use any Confidential Information other than
for the purpose of performing the Consulting Services
hereunder.

 

(c) The provisions of
Section 11(b) shall not apply to information (i) that is or
becomes generally known to, and available for use by, the public
other than as a result of the breach of this Agreement or any other
obligation that Consultant owes the Company, (ii) that is
available to Consultant on a non-confidential basis from a source
that is not prohibited from disclosing such information to
Consultant by a contractual, legal, or fiduciary obligation to the
Company, (iii) that is required to be disclosed by applicable
law, or (iv) the disclosure of which by Consultant is
reasonably necessary for Consultant to satisfy and perform
Consultant’s obligations under this Agreement. If Consultant
becomes compelled by applicable law or court or arbitrator’s
order to disclose any Confidential Information, Consultant shall
provide the Company with prompt written notice of such requirement
so that the Company may seek a protective order or other remedy
prior to, and in respect of, such disclosure. If such a protective
order or other remedy is not obtained by, or is not available to
the Company, then Consultant shall use commercially reasonable
efforts to ensure that only the minimum portion of such
Confidential Information that is legally required to be disclosed
is so disclosed, and Consultant shall use commercially reasonable
efforts to obtain assurances that confidential treatment shall be
given to such Confidential Information. Company agrees to furnish
Consultant with a list of sources prohibited by the Company from
disclosing Confidential information.

 

12. Non-Circumvention. The parties
agree that they will work through each other in all circumstances
as to third parties which are introduced through the efforts of one
of the parties hereto and agree not to circumvent each other in
that regard without permission of the other party
hereto.

 

13. Successors.

 

(a) Company's Successors. Any
successor to the Company (whether direct or indirect and whether by
purchase, lease, merger, consolidation, liquidation or otherwise)
to all or substantially all of the Company's business and/or assets
shall assume the Company's obligations under this Agreement and
agree expressly to perform the Company's obligations under this
Agreement in the same manner and to the same extent as the Company
would be required to perform such obligations in the absence of a
succession. For all purposes under this Agreement, the term
“Company” shall include
any successor to the Company's business and/or assets (including
any parent company to the Company) which executes and delivers the
assumption agreement described in this subsection (a) or which
becomes bound by the terms of this Agreement by operation of
law.

 

(b) Consultant’s Successors.
Without the written consent of the Company, Consultant shall not
assign or transfer this Agreement or any right or obligation under
this Agreement to any other person or entity. Notwithstanding the
foregoing, the terms of this Agreement and all rights of Consultant
hereunder shall inure to the benefit of, and be enforceable by,
Consultant’s personal or legal representatives, executors,
administrators, successors, heirs, distributees, devisees and
legatees.

 

14. Notices. Notices and all other
communications contemplated by this Agreement shall be in writing
and shall be deemed to have been duly given when personally
delivered (if to the Company, addressed to its Secretary at the
Company’s principal place of business on a non-holiday
weekday between the hours of 9 a.m. and 5 p.m.; if to Consultant,
via personal service to his last known residence) or when mailed by
U.S. registered or certified mail, return receipt requested and
postage prepaid.

 

15. Indemnity. Consultant will
defend, indemnify and hold Company harmless from and against all
claims, damages, liabilities, losses, expenses and costs (including
reasonable fees and expenses of attorneys and other professionals)
arising out of or resulting fromany breach by Consultant of any of
Consultant’s covenants in this Agreement.

 

 

	

 

 

 

 

16.  Disclosure of Work Product.
Consultant will, as an integral part of the performance of
Services, disclose in writing to Company all inventions, products,
designs, drawings, notes, documents, information, documentation,
improvements, works of authorship, processes, techniques, know-how,
algorithms, specifications, biological or chemical specimens or
samples, hardware, circuits, computer programs, databases, user
interfaces, encoding techniques, and other materials of any kind
that Consultant may make, conceive, develop or reduce to practice,
alone or jointly with others, in connection with performing
Services, or that result from or that are related to such Services,
whether or not they are eligible for patent, copyright, mask work,
trade secret, trademark or other legal protection (collectively,
“Consultant Work
Product”).

 

17. Ownership of Consultant Work
Product. Consultant and Company agree that, to the fullest
extent permitted by applicable law, each item of Consultant Work
Product will be a work made for hire owned exclusively by Company.
Consultant agrees that all Consultant Work Product will be the sole
and exclusive property of Company. Consultant hereby irrevocably
transfers and assigns to Company, and agrees to irrevocably
transfer and assign to Company, all right, title and interest in
and to the Consultant Work Product, including all worldwide patent
rights (including patent applications and disclosures), copyright
rights, mask work rights, trade secret rights, know-how, and any
and all other intellectual property or proprietary rights
(collectively, “Intellectual Property
Rights”) therein. At Company’s request and
expense, during and after the term of this Agreement, Consultant
will assist and cooperate with Company in all respects, and will
execute documents, and will take such further acts reasonably
requested by Company to enable Company to acquire, transfer,
maintain, perfect and enforce its Intellectual Property Rights and
other legal protections for the Consultant Work Product. Consultant
hereby appoints the officers of Company as Consultant’s
attorney-in-fact to execute documents on behalf of Consultant for
this limited purpose.

 

18. Miscellaneous
Provisions.

 

(a) Consultant’s Legal Fees.
The Company shall reimburse Consultant for all legal fees incurred
by Consultant in connection with the matters contemplated by this
Agreement, not to exceed $10,000. Any such amounts shall be paid by
the Company to Consultant within five business days of the
Consultant providing the Company with an invoice from
Consultant’s legal counsel.

 

(b) Waiver. No provision of this
Agreement may be modified, waived or discharged unless the
modification, waiver or discharge is agreed to in writing and
signed by the Consultant and by an authorized officer of the
Company (other than the Consultant). No waiver by either party of
any breach of, or of compliance with, any condition or provision of
this Agreement by the other party shall be considered a waiver of
any other condition or provision or of the same condition or
provision at another time.

 

(c) Entire Agreement; Amendments.
This Agreement constitutes the entire and final agreement between
the parties with respect to the subject matter hereof and
supersedes any and all other written or oral agreements or
understandings between the parties. Notwithstanding the foregoing,
this Agreement shall not affect any non-disclosure, invention
assignment, confidentiality or other agreements executed by the
parties governing the termination of Consultant’s employment
with the Company, which agreements by their terms survive the
termination of Consultant’s employment with the Company. This
Agreement may not be amended, supplemented, or otherwise modified
except by a written agreement executed by the parties

 

(d) Governing Law. This Agreement
shall be governed by and construed in accordance with the laws of
the State of California, without regard to choice of law
principles.

 

(e) Severability. The invalidity or
unenforceability of any provision or provisions of this Agreement
shall not affect the validity or enforceability of any other
provision hereof, which shall remain in full force and
effect.

 

(f) Counterparts. This Agreement
may be executed in separate counterparts, any one of which need not
contain signatures of more than one party, and may be delivered by
facsimile or other electronic means, but all of which shall be
deemed originals and taken together will constitute one and the
same Agreement.

 

(g) Headings. The headings of the
Articles and Sections hereof are inserted for convenience only and
shall not be deemed to constitute a part hereof nor to affect the
meaning thereof.

 

	

 

 

 

  

(h) Construction of Agreement. In
the event of a conflict between the text of the Agreement and any
summary, description or other information regarding the Agreement,
the text of the Agreement shall control.

 

 

(i) Survival. Sections 7, 8, 9, 11,
15 and 16 of this Agreement shall survive its termination for any
reason.

 

(j) Cooperation with
Investigations. Consultant shall cooperate in good faith in
all respects with the Company in connection with any request by
Company, its current or former shareholders, officers, directors,
or auditors, or a federal or state governmental authority for
additional information and documents, or in any governmental
investigation, complaint, action or other inquiry.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

[Remainder of Page Intentionally Left Blank]

 

 

	

 

 

 

 

IN
WITNESS WHEREOF, each of the parties has executed this Agreement,
in the case of the Company by its duly authorized officer, as of
the day and year first above written.

 

 

 

	
COMPANY:  

	
IMAGEWARE SYSTEMS,
INC.

	
 

	
 

	
 

	
 

	
 

	
 

	
By:

	
/s/ Kristin
Taylor   

	
 

	
 

	
 

	
Name: Kristin
Taylor

	
 

	
 

	
 

	
Title: Chief
Executive Officer

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 CONSULTANT:

	
/s/ James
Miller  

	
 

	
 

	
  

	

S. James Miller,
Jr.

	
 

	
 

 

 

 

 

 

[Signature Page to Consultant Agreement]

 

 

 

 

 

 

 EXHIBIT
A

 

BENEFITS

 

I.              Compensation
and Benefits. Consultant’s compensation and other
benefits under this Agreement shall be as follows and is based on
the status change to terminated as of November 12,
2020:

 

A.            $8,550
gross salary minus standard tax deductions and elected conributions
consisting of 401(k), flexible spending account, and portion of
spouse medical premium.

 

B.            Unused
accrued Paid Time Off balance of 204 hours valued at
$39,314.88.

 

C.            $767.76
has been paid via ACH on 9/23/20. This represents all outstanding
business-related expenses.

 

D.            Consulting
Fee. The Company shall pay to Consultant a monthly
consulting fee (the “Consulting Fee”) of
$19,000.00 per Month from the Effective Date and thereafter monthly
for a period of five full months from the Effective Date. The
Consulting Fee shall be paid on the 1st day of each month
following the Effective Date (pro-rated for any portion of a month
following the Effective Date).

 

E.            Commission.
In addition to his Consulting Fee, Consultant shall be eligible for
a commission equal to 1.00% of all amounts actually paid to the
Company resulting from contracts and or purchase orders received by
the Company prior to the Termination Date from the Government of
Mexico or its prime contractors for products and services from the
Company (“Qualifying
Payments”); provided,
however, Consultant’s entitlement to the foregoing
commission or any commission for Qualifying Payments under this
Paragraph E. shall only apply to Qualifying Payments actually
received by the Company in excess of $1.7 million; provided, further, that the maximum
amount of commissions payable hereunder shall not exceed $228,000;
provided, further, that
Consultant’s entitlement to, and the Company’s
responsibility to pay, the foregoing commission or any commission
for Qualifying Payments under this Paragraph E. resulting from
contracts or purchase orders received by the Company after the
Termination Date shall cease as of the Termination
Date.

 

F.            Expenses.
Consultant shall be solely responsible for all expenses incurred
except those incurred at the request of and approved in advance by
the Chief Executive Officer. All air travel must be approved prior
to travel and such travel will be booked by the Company. All other
expenses incurred by Consultant require prior approval by the Chief
Executive Officer.The Company will reimburse Consultant for such
expenses within thirty (30) days following presentation by
Consultant of such accounts and records as the Company reasonably
requires for accounting purposes.

 

G.            Benefits
and Insurance. Consultant’s eligibility for Company-
sponsored and paid group life, long term disability and accidental
death and dismemberment, 401K eligibility and flexible spending
account (Ameri-Flex) and related plans shall each terminate on the
Effective Date. During the Term, the Company shall provide to
Consultant and his dependents the same level of health insurance
benefits (medical, dental and vision) through COBRA continuation
paid for by the Company. The Company’s obligation to provide
the coverage referred to in the preceding sentence shall terminate
for Consultant and his dependents as of the Termination
Date.

  

II.             Disability.
In the event that Consultant suffers from a permanent disability
during the Term of this Agreement, then Consultant shall continue
to receive his Consulting Fee for the entire remainder of the Term.
In such event, Consultant’s service to the Company hereunder
shall continue after his disability and until the first to occur of
(a) the Termination Date, or (b) the death of Consultant; and
during such period of time, Consultant shall not be entitled to
payment of expenses or benefits specified in Section
above.

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