Document:

Term Loan Agreement, dated as of May 24, 2012

 Exhibit 10.1 

 
  

 
 TERM LOAN AGREEMENT

 Dated as of May 24, 2012 
 among 
 HEALTH CARE REIT, INC., 

as the Borrower 

KEYBANK NATIONAL ASSOCIATION, 
 as Administrative Agent 
 and 

The Other Lenders Party Hereto 
 JPMORGAN CHASE BANK, N.A., BANK OF AMERICA, N.A. and 
 ROYAL BANK OF
CANADA, 
 as Co-Syndication Agents 
 CITIBANK, N.A., COMPASS BANK, FIFTH THIRD BANK, 
 PNC BANK, NATIONAL
ASSOCIATION, THE BANK OF NEW YORK MELLON and 
 WELLS FARGO BANK, NATIONAL ASSOCIATION, 

as Co- Documentation Agents 
  

 
  

J.P. MORGAN SECURITIES LLC, 
 MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED and 
 RBC
CAPITAL MARKETS, 
 as Joint Lead Arrangers and Joint Bookrunners 

 TABLE OF CONTENTS 

 
  

							
	 	 	 	  	PAGE	 
	 Article 1. Definitions
	  	 	1	  
			
	 Section 1.1
	 	Defined Terms	  	 	1	  
	 Section 1.2
	 	GAAP	  	 	16	  
	 Section 1.3
	 	Currency Matters	  	 	16	  
		
	 Article 2. Term Loan Commitments; Term Loans
	  	 	16	  
			
	 Section 2.1
	 	Term Borrowing	  	 	16	  
	 Section 2.2
	 	Notices Relating to Term Loans	  	 	16	  
	 Section 2.3
	 	Disbursement of Loan Proceeds	  	 	17	  
	 Section 2.4
	 	Term Loan Notes, etc.	  	 	17	  
	 Section 2.5
	 	Payment of Term Loans; Termination of Commitments	  	 	18	  
	 Section 2.6
	 	Interest	  	 	18	  
	 Section 2.7
	 	Fees	  	 	19	  
	 Section 2.8
	 	Use of Proceeds of Loans	  	 	19	  
	 Section 2.9
	 	Computations	  	 	20	  
	 Section 2.10
	 	Minimum Amounts of Borrowings and Repayments	  	 	20	  
	 Section 2.11
	 	Time and Method of Payments	  	 	20	  
	 Section 2.12
	 	Lending Offices	  	 	21	  
	 Section 2.13
	 	Several Obligations	  	 	21	  
	 Section 2.14
	 	Pro Rata Treatment Among Lenders	  	 	21	  
	 Section 2.15
	 	Non-Receipt of Funds by the Administrative Agent	  	 	21	  
	 Section 2.16
	 	Sharing of Payments and Set-Off Among Lenders	  	 	21	  
	 Section 2.17
	 	Intentionally Omitted	  	 	22	  
	 Section 2.18
	 	Additional Costs; Capital Requirements	  	 	22	  
	 Section 2.19
	 	Intentionally Omitted	  	 	23	  
	 Section 2.20
	 	Illegality	  	 	23	  
	 Section 2.21
	 	Intentionally Omitted	  	 	23	  
	 Section 2.22
	 	Indemnification	  	 	24	  
	 Section 2.23
	 	Intentionally Omitted	  	 	24	  
	 Section 2.24
	 	Intentionally Omitted	  	 	24	  
	 Section 2.25
	 	Extension of Term Loan Commitment Maturity Date	  	 	24	  
	 Section 2.26
	 	Increase in Total Term Loan Commitment Amount	  	 	25	  
	 Section 2.27
	 	Defaulting Lenders	  	 	25	  
		
	Article 3. Representations and Warranties	  	 	27	  
			
	 Section 3.1
	 	Organization	  	 	27	  
	 Section 3.2
	 	Power, Authority, Consents	  	 	27	  
	 Section 3.3
	 	No Violation of Law or Agreements	  	 	27	  
	 Section 3.4
	 	Due Execution, Validity, Enforceability	  	 	28	  
	 Section 3.5
	 	Title to Properties	  	 	28	  
	 Section 3.6
	 	Judgments, Actions, Proceedings	  	 	28	  
	 Section 3.7
	 	No Defaults, Compliance With Laws	  	 	28	  
	 Section 3.8
	 	Burdensome Documents	  	 	29	  

							
	 Section 3.9
	 	Financial Statements; Projections	  	 	29	  
	 Section 3.10
	 	Tax Returns	  	 	29	  
	 Section 3.11
	 	Intangible Assets	  	 	29	  
	 Section 3.12
	 	Regulation U	  	 	30	  
	 Section 3.13
	 	Name Changes, Mergers, Acquisitions	  	 	30	  
	 Section 3.14
	 	Full Disclosure	  	 	30	  
	 Section 3.15
	 	Licenses and Approvals	  	 	30	  
	 Section 3.16
	 	ERISA	  	 	30	  
	 Section 3.17
	 	REIT Status	  	 	31	  
	 Section 3.18
	 	OFAC	  	 	31	  
		
	 Article 4. Conditions to Extensions of Credit
	  	 	31	  
			
	 Section 4.1
	 	Conditions to Initial Term Loan(s)	  	 	31	  
	 Section 4.2
	 	Additional Conditions	  	 	33	  
		
	 Article 5. Delivery of Financial Reports, Documents and Other Information
	  	 	33	  
			
	 Section 5.1
	 	Annual Financial Statements	  	 	34	  
	 Section 5.2
	 	Quarterly Financial Statements	  	 	34	  
	 Section 5.3
	 	Compliance Information	  	 	34	  
	 Section 5.4
	 	Compliance Certificate	  	 	34	  
	 Section 5.5
	 	Business Plan and Projections	  	 	35	  
	 Section 5.6
	 	Portfolio Information	  	 	35	  
	 Section 5.7
	 	Accountants’ Reports	  	 	35	  
	 Section 5.8
	 	Copies of Documents	  	 	35	  
	 Section 5.9
	 	Notices of Defaults	  	 	36	  
	 Section 5.10
	 	ERISA Notices and Requests	  	 	36	  
	 Section 5.11
	 	Additional Information	  	 	36	  
		
	 Article 6. Affirmative Covenants
	  	 	36	  
			
	 Section 6.1
	 	Books and Records	  	 	36	  
	 Section 6.2
	 	Inspections and Audits	  	 	37	  
	 Section 6.3
	 	Maintenance and Repairs	  	 	37	  
	 Section 6.4
	 	Continuance of Business	  	 	37	  
	 Section 6.5
	 	Copies of Corporate Documents	  	 	37	  
	 Section 6.6
	 	Perform Obligations	  	 	37	  
	 Section 6.7
	 	Notice of Litigation	  	 	38	  
	 Section 6.8
	 	Insurance	  	 	38	  
	 Section 6.9
	 	Financial Covenants	  	 	38	  
	 Section 6.10
	 	Notice of Certain Events	  	 	39	  
	 Section 6.11
	 	Comply with ERISA	  	 	39	  
	 Section 6.12
	 	Environmental Compliance	  	 	39	  
	 Section 6.13
	 	Maintenance of REIT Status; Listing on National Securities Exchange	  	 	39	  

  
 ii 

							
		
	 Article 7. Negative Covenants
	  	 	40	  
			
	 Section 7.1
	 	Indebtedness	  	 	40	  
	 Section 7.2
	 	Liens	  	 	40	  
	 Section 7.3
	 	Intentionally Omitted	  	 	41	  
	 Section 7.4
	 	Mergers, Acquisitions	  	 	41	  
	 Section 7.5
	 	Distributions	  	 	41	  
	 Section 7.6
	 	Changes in Structure	  	 	41	  
	 Section 7.7
	 	Disposition of Assets	  	 	42	  
	 Section 7.8
	 	Investments	  	 	42	  
	 Section 7.9
	 	Fiscal Year	  	 	43	  
	 Section 7.10
	 	ERISA Obligations	  	 	43	  
	 Section 7.11
	 	Intentionally Omitted	  	 	43	  
	 Section 7.12
	 	Transactions with Affiliates	  	 	43	  
	 Section 7.13
	 	Hazardous Material	  	 	44	  
	 Section 7.14
	 	Construction Investments	  	 	44	  
		
	 Article 8. Events of Default
	  	 	44	  
			
	 Section 8.1
	 	Payments	  	 	44	  
	 Section 8.2
	 	Certain Covenants	  	 	45	  
	 Section 8.3
	 	Other Covenants	  	 	45	  
	 Section 8.4
	 	Other Defaults	  	 	45	  
	 Section 8.5
	 	Representations and Warranties	  	 	45	  
	 Section 8.6
	 	Bankruptcy	  	 	45	  
	 Section 8.7
	 	Judgments	  	 	46	  
	 Section 8.8
	 	ERISA	  	 	46	  
	 Section 8.9
	 	Material Adverse Effect	  	 	46	  
	 Section 8.10
	 	Ownership	  	 	46	  
	 Section 8.11
	 	REIT Status, Etc.	  	 	47	  
	 Section 8.12
	 	Environmental	  	 	47	  
	 Section 8.13
	 	Default by Operator	  	 	47	  
		
	 Article 9. The Administrative Agent
	  	 	47	  
			
	 Section 9.1
	 	Appointment, Powers and Immunities	  	 	47	  
	 Section 9.2
	 	Reliance by Agent	  	 	48	  
	 Section 9.3
	 	Events of Default	  	 	48	  
	 Section 9.4
	 	Rights as a Lender	  	 	48	  
	 Section 9.5
	 	Indemnification	  	 	49	  
	 Section 9.6
	 	Non-Reliance on Agent and other Lenders	  	 	49	  
	 Section 9.7
	 	Failure to Act	  	 	49	  
	 Section 9.8
	 	Resignation or Removal of Agent	  	 	50	  
	 Section 9.9
	 	Sharing of Payments	  	 	50	  
	 Section 9.10
	 	No Other Duties, Etc.	  	 	51	  
		
	 Article 10. Miscellaneous Provisions
	  	 	51	  
			
	 Section 10.1
	 	Fees and Expenses; Indemnity	  	 	51	  
	 Section 10.2
	 	Taxes	  	 	52	  
	 Section 10.3
	 	Payments	  	 	53	  
	 Section 10.4
	 	Survival of Agreements and Representations; Construction	  	 	53	  
	 Section 10.5
	 	Lien on and Set-off of Deposits	  	 	54	  
	 Section 10.6
	 	Modifications, Consents and Waivers; Entire Agreement	  	 	54	  

  
 iii

							
	 Section 10.7
	 	Remedies Cumulative; Counterclaims	  	 	55	  
	 Section 10.8
	 	Further Assurances	  	 	55	  
	 Section 10.9
	 	Notices	  	 	55	  
	 Section 10.10
	 	Counterparts	  	 	57	  
	 Section 10.11
	 	Severability	  	 	57	  
	 Section 10.12
	 	Binding Effect; No Assignment or Delegation by Borrower	  	 	57	  
	 Section 10.13
	 	Assignments and Participations by Lenders	  	 	57	  
	 Section 10.14
	 	Delivery of Tax Forms	  	 	61	  
	 Section 10.15
	 	GOVERNING LAW; CONSENT TO	  	 	62	  
		 	JURISDICTION; WAIVER OF TRIAL BY JURY	  	 	62	  
	 Section 10.16
	 	Confidentiality	  	 	63	  
	 Section 10.17
	 	USA Patriot Act Notice; Anti-Money Laundering	  	 	64	  
	 Section 10.18
	 	No Advisory or Fiduciary Responsibility	  	 	64	  
	 Section 10.19
	 	Judgment Currency	  	 	65	  

 EXHIBITS: 
  

			
	A	  	Form of Term Loan Note
	B	  	Form of Assignment and Assumption
	C	  	Form of Compliance Certificate
	
	SCHEDULES:
		
	1.1	  	Term Loan Commitments and Term Loan Percentages
	3.2	  	Consents, Waivers, Approvals; Violation of Agreements
	3.6	  	Judgments, Actions, Proceedings
	3.7	  	Defaults; Compliance with Laws, Regulations, Agreements
	3.8	  	Burdensome Documents
	3.13	  	Name Changes, Mergers, Acquisitions
	3.16	  	Employee Benefit Plans
	7.1	  	Permitted Indebtedness and Guarantees
	7.2	  	Permitted Security Interests, Liens and Encumbrances

  
 iv 

 TERM LOAN AGREEMENT 

AGREEMENT, made this 24th day of May, 2012, by and among: 

HEALTH CARE REIT, INC., a Delaware corporation (the “Borrower”); 

Each Lender from time to time party hereto (individually, a “Lender” and collectively, the “Lenders”);
and 
 KEYBANK NATIONAL ASSOCIATION, a national banking association, as Administrative Agent for the Lenders (in such
capacity, together with its successors in such capacity, the “Administrative Agent”); 
 W I
T N E S S E T H: 
 WHEREAS, the Borrower has requested that
the Lenders extend credit in the form of one or more term loans on and after the Effective Date, to be used in accordance with the terms hereof; and 
 WHEREAS, the Lenders are willing to provide one or more term loans to the Borrower, on and subject to the terms hereof; 
 NOW, THEREFORE, in consideration of the premises and the mutual covenants contained herein, the parties hereto agree as follows: 

Article 1. Definitions. 
 Section 1.1 Defined Terms. 
 As used in this Agreement, the
following terms shall have the following meanings: 
 “Additional Costs” has the meaning assigned to such term
in Section 2.18(b). 
 “Affiliate” means, as to any Person, any other Person that directly or indirectly
controls, or is under common control with, or is controlled by, such Person. As used in this definition, “control” (including, with its correlative meanings, “controlled by” and “under common control with”) shall mean
possession, directly or indirectly, of power to direct or cause the direction of management or policies (whether through ownership of securities or partnership or other ownership interests, by contract or otherwise), provided that, in any event:
(a) any Person that owns directly or indirectly 15% or more of the securities having ordinary voting power for the election of directors or other governing body of a corporation or 15% or more of the partnership or other ownership interests of
any other Person (other than as a limited partner of such other Person) will be deemed to control such corporation or other Person; and (b) each 15% or more shareholder, each director and each executive officer of the Borrower shall be deemed
to be an Affiliate of the Borrower. 

 “Aggregate Exposure” means, with respect to any Lender as of any date, the
outstanding principal balance of such Lender’s Term Loans. 
 “Agency Fee” has the meaning assigned to
such term in Section 2.7(c). 
 “Agreement Currency” has the meaning assigned to such term in
Section 10.19. 
 “Applicable Margin” means, as at any date of determination, with respect to CDOR Loans,
the applicable percentage per annum set forth below based upon the Ratings in effect on such date: 
  

					
	 Rating Level
	  	Applicable Margin for
CDOR
Loans	 
	 Level 1

A-/A3 or above
	  	 	1.15	% 
	 Level 2

BBB+/Baa1
	  	 	1.25	% 
	 Level 3

BBB/Baa2
	  	 	1.45	% 
	 Level 4

BBB-/Baa3
	  	 	1.75	% 
	 Level 5

Lower than Level 4 or No Rating
	  	 	2.30	% 

 For purposes of the foregoing: (a)(i) at any time when the Borrower has Ratings from only two (2) Ratings Agencies,
if the Ratings established by such Ratings Agencies shall fall within different levels and (A) the difference between such Ratings is one ratings category (e.g. Baa2 by Moody’s and BBB- by S&P or Fitch) the Applicable Margin shall be
based upon the higher of the two Ratings, or (B) the difference between such Ratings is two ratings categories (e.g. Baa1 by Moody’s and BBB- by S&P or Fitch) or more, the median of the applicable Ratings shall apply, and (ii) at
any time when the Borrower has Ratings from all three (3) Ratings Agencies, if the Ratings established by such Ratings Agencies shall fall within different levels and (A) the difference between the highest and the lowest such Ratings is
one ratings category (e.g. Baa2 by Moody’s and BBB- by S&P or Fitch), the highest of such Ratings shall apply, or (B) the difference between such Ratings is two ratings categories (e.g. Baa1 by Moody’s and BBB- by S&P or
Fitch) or more, the average of the two (2) highest Ratings shall apply, provided that if such average is not a recognized rating category, then the second highest Rating of the three shall apply; and (b) if any Rating shall be changed
(other than as a result of a change in the rating system of the applicable Ratings Agency), such change shall be effective as of the date on which it is first announced by the Ratings Agency making such change. Each such change in the Applicable
Margin shall apply to all outstanding CDOR Loans during the period commencing on the effective date of such change and ending on the date immediately preceding the effective date of the next such change. If the rating system of any Ratings Agency
shall change, the parties hereto shall negotiate in good faith to amend the references to specific ratings in this definition to reflect such changed rating system. 
 “Assignment and Assumption” means an agreement in the form of Exhibit B hereto. 

  
 2 

 “Basel III” means the “International Convergence of Capital
Measurement and Capital Standards, a Revised Framework” published by the Basel Committee on Banking Supervision in June 2004 in the form existing on the Effective Date. 
 “Borrowing Notice” means, as applicable, a written notice with respect to each borrowing, repayment and prepayment of each Term Loan. 

“Business Day” means any day other than Saturday, Sunday or any other day on which commercial banks in the States of
Ohio or New York are authorized or required to close under the laws of such States; provided that, when used in connection with any CDOR Loan, the term “Business Day” shall also exclude any day on which commercial banks in Toronto, Canada
are authorized or required by law to remain closed. 
 “Canadian Dollars” or “CAD” means
lawful currency of Canada. 
 “Capital Expenditures” means, for any period, the aggregate amount of all
payments made or to be made during such period by any Person directly or indirectly for the purpose of acquiring, constructing or maintaining fixed assets, real property or equipment that, in accordance with GAAP, would be added as a debit to the
fixed asset account of such Person, including, without limitation, all amounts paid or payable during such period with respect to Capitalized Lease Obligations and interest that are required to be capitalized in accordance with GAAP. 

“Capitalized Lease” means any lease, the obligations to pay rent or other amounts under which constitute Capitalized
Lease Obligations. 
 “Capitalized Lease Obligations” means, as to any Person, the obligations of such Person
to pay rent or other amounts under a lease of (or other agreement conveying the right to use) real and/or personal property which obligations are required to be classified and accounted for as a capital lease on a balance sheet of such Person under
GAAP and, for purposes of this Agreement, the amount of such obligations shall be the capitalized amount thereof, determined in accordance with GAAP. 
 “Cash” means, as to any Person, such Person’s cash and cash equivalents, as defined in accordance with GAAP consistently applied. 

“CDOR” means on any day the rate of interest per annum equal to the average annual yield rate for 30 day Canadian Dollar
bankers’ acceptances which rate is shown on the display referred to as the “CDOR Page” (or any display substituted therefor) of Reuter Monitor Money Rates Service at 10:00 a.m., Toronto, Ontario time, on such day, or if such day is
not a Business Day, then on the immediately preceding Business Day; provided, however, if such a rate does not appear on the Reuters’ Screen CDOR Page as contemplated, then CDOR, on any day, shall be the discount rate (determined as of 10:00
a.m., Toronto, Ontario time on such day) which would be applicable in respect of a sale of bankers’ acceptances in an aggregate amount denominated in Canadian Dollars corresponding to the amount of the applicable loan issued on such day with a
term of 30 days and accepted by the Person serving as the Administrative Agent, or if such day is not a Business Day, then on the immediately preceding Business Day. 

  
 3 

 “CDOR Loan(s)” means any Term Loan the interest on which is determined on
the basis of rates referred to in the definition of “CDOR” in this Article 1. 
 “CERCLA” means
the Comprehensive Environmental Response Compensation and Liability Act of 1980, 42 U.S.C. §9601, et seq. 

“Change in Law” means (a) the adoption of any Law, after the Effective Date, (b) any change in any Law or in
the interpretation or application thereof after the Effective Date or (c) compliance by any Lender (or, for purposes of Section 2.18, by any lending office of such Lender or by any Person controlling such Lender, if any) with any request,
guideline or directive (whether or not having the force of Law) of any Governmental Authority made or issued after the Effective Date; provided that, notwithstanding anything herein to the contrary, (x) the Dodd-Frank Wall Street
Reform and Consumer Protection Act (Pub. L. 111-203 (signed into law July 21, 2010)) and all requests, rules, guidelines or directives thereunder or issued in connection therewith and (y) all requests, rules, guidelines or directives
promulgated by the Bank for International Settlements, the Basel Committee on Banking Supervision (or any successor or similar authority) or the United States regulatory authorities, in each case pursuant to Basel III, shall in each case be deemed
to be a Change in Law, regardless of the date enacted, adopted or issued. 
 “Code” means the Internal Revenue
Code of 1986 and the rules and regulations promulgated thereunder, as amended, modified, succeeded or replaced from time to time. 
 “Commitment Fee” has the meaning assigned to such term in Section 2.7(b). 
 “Compliance Certificate” means a certificate in the form of Exhibit C annexed hereto, executed by the chief executive officer or chief financial officer of the Borrower to the
effect that: (a) as of the effective date of such certificate, no Default or Event of Default exists or would exist after giving effect to the action intended to be taken by the Borrower as described in such certificate, including, without
limitation, that the covenants set forth in Section 6.9 would not be breached after giving effect to such action, together with a calculation in reasonable detail, and in form and substance satisfactory to the Administrative Agent, of such
compliance, and (b) the representations and warranties contained in Article 3 are true and with the same effect as though such representations and warranties were made on the date of such certificate, except for changes in the ordinary
course of business none of which, either singly or in the aggregate, has had a Material Adverse Effect. 
 “Consolidated
Total Assets” means, on any date, the consolidated total assets of the Borrower and its Subsidiaries, as such amount would appear on a consolidated balance sheet of the Borrower prepared as of such date in accordance with GAAP. 

“Construction Investments” means financing extended by the Borrower with respect to a Facility which is under
construction i.e., has not received a certificate of occupancy and the conditions for conversion to permanent financing for such Facility have not been satisfied. 

  
 4 

 “Continuing Directors” means, during any twenty-four (24) month
period, individuals who, as of the beginning of such period, constitute the Board of Directors of the Borrower. For this purpose, any person who is nominated for election as a member of such Board of Directors after January 29, 2009 shall also
be considered a “Continuing Director” if, and only if, his or her nomination for election to such Board of Directors is approved or recommended by a majority of the members of such Board of Directors (or of the relevant nominating
committee) and at least five (5) members of such Board of Directors are themselves Continuing Directors at the time of such nomination. 
 “Controlled Group” means all members of a controlled group of corporations and all trades or businesses (whether or not incorporated) under common control which, together with the
Borrower, are treated as a single employer under Section 414(b), 414(c) or 414(m) of the Code and Section 4001(a)(2) of ERISA. 
 “Default” means an event which with notice or lapse of time, or both, would constitute an Event of Default. 
 “Defaulting Lender” means any Lender, as reasonably determined by the Administrative Agent, that (a) has failed to perform any of its funding obligations hereunder, including in
respect of its Term Loans, within three Business Days of the date required to be funded by it hereunder, unless the subject of a good faith dispute, (b) has notified the Borrower or the Administrative 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 under other agreements generally in which it commits to extend credit, (c) has failed, within three Business Days
after request by the Administrative Agent, to confirm in a manner satisfactory to the Administrative Agent that it will comply with its funding obligations (provided that such Lender shall cease to be a Defaulting Lender upon receipt of such
confirmation by the Administrative Agent), or (d) has, or has a direct or indirect parent company that has, (i) become the subject of a bankruptcy or insolvency proceeding or any similar proceeding under any applicable Laws, or
(ii) become the subject of a bankruptcy or insolvency proceeding, or has had a receiver, conservator, trustee, administrator, assignee for the benefit of creditors or similar Person charged with reorganization or liquidation of its business or
custodian, appointed for it, or has taken any action in furtherance of, or indicating its consent to, approval of or acquiescence in any such proceeding or appointment; provided that a Lender shall not be a Defaulting Lender solely by
virtue of the ownership or acquisition of any equity interest in that Lender or any direct or indirect parent company thereof by a Governmental Authority; it being understood that if a Lender has been turned over to the Federal Deposit Insurance
Corporation (or a similar regulatory entity) for the purpose of sale or liquidation it shall be a Defaulting Lender. 

“Disposition” means the sale, lease, conveyance, transfer or other disposition of any Facility (whether in one or a
series of transactions), including accounts and notes receivable (with or without recourse) and sale-leaseback transactions. 

“EBITDA” means, for any period, with respect to the Borrower on a consolidated basis, determined in accordance with
GAAP, the sum of net income (or net loss) for such period plus the sum of all amounts treated as expenses for: (a) interest, (b) depreciation, (c) amortization, including, but not limited to, amortization of loan expenses and
stock-based compensation, (d) all accrued taxes on or measured by income to the extent included in the determination of such net income (or net loss), (e) provision for loan losses, and (f) losses on extinguishment of debt,
minus gains on extinguishment of debt, provided, however, that net income (or net loss) shall be computed without giving effect to extraordinary losses or gains. 

  
 5 

 “Effective Date” means the date on which the conditions specified in
Section 4.1 are satisfied (or waived in accordance with Section 10.6). 
 “Eligible Assignee” means a
commercial bank or other financial institution having a combined capital and surplus of at least $100,000,000. 

“Employee Benefit Plan” means any employee benefit plan within the meaning of Section 3(3) of ERISA which is
subject to ERISA and (a) is maintained for employees of the Borrower or (b) with respect to which any Loan Party has any liability. 
 “Environmental Laws and Regulations” means all federal, state and local environmental laws, regulations, ordinances, orders, judgments and decrees applicable to the Borrower or any other
Loan Party, or any of their respective assets or properties. 
 “Environmental Liability” means any liability
under any applicable Environmental Laws and Regulations for any disposal, release or threatened release of a hazardous substance, pollutant or contaminant, as those terms are defined under CERCLA, and any liability which would require a removal,
remedial or response action, as those terms are defined under CERCLA, by any Person or by any environmental regulatory body having jurisdiction over the Borrower and its Subsidiaries and/or any liability arising under any Environmental Laws and
Regulations for the Borrower’s or any Subsidiary’s failure to comply with such laws and regulations, including without limitation, the failure to comply with or obtain any applicable environmental permit. 

“Environmental Proceeding” means any judgment, action, proceeding or investigation pending before any court or
Governmental Authority, with respect to the Borrower or any Subsidiary and arising under or relating to any Environmental Laws and Regulations. 
 “ERISA” means the Employee Retirement Income Security Act of 1974, as it may be amended from time to time, and the regulations promulgated thereunder. 

“ERISA Affiliate” means as applied to any Loan Party, any corporation, person or trade or business which is a member of
a group which is under common control with any Loan Party, who together with any Loan Party, is treated as a single employer within the meaning of Section 414(b) – (o) of the Code and, if applicable, Section 4001(a)(14) and
(b) of ERISA. 
 “Event of Default” has the meaning assigned to such term in Article 8. 

“Executive Orders” has the meaning assigned to such term in Section 10.17(b). 

“Facility” means (a) a health care facility offering health care-related products and services, including but not
limited to any acute care hospital, rehabilitation hospital, nursing facility, assisted living facility, retirement center, long-term care facility, out-patient diagnostic facility or medical office building, and related or ancillary facilities,
services and products, and (b) housing intended to be occupied primarily by persons over the age of 55 and related or ancillary facilities, services and products. 

  
 6 

 “FATCA” means Sections 1471 through 1474 of the Code, as of the date of
this Agreement and any current or future regulations or official interpretations thereof. Solely for purposes of Section 10.14(a), FATCA shall include any amendments made to FATCA after the date hereof. 

“Federal Funds Rate” means, for any day, the weighted average of the rates on overnight federal funds transactions with
member banks of the Federal Reserve System arranged by federal funds brokers as published by the Federal Reserve Bank of New York for such day, or if such day is not a Business Day, for the next preceding Business Day (or, if such rate is not so
published for any such day, the average rate charged to the Person serving as the Administrative Agent on such day on such transactions as reasonably determined by the Administrative Agent). 

“Fee(s)” has the meaning assigned to such term in Section 2.7(d). 

“Fifth Amended and Restated Loan Agreement” means the Fifth Amended and Restated Loan Agreement, dated as of
July 27, 2011, by and among the Borrower, the Lenders from time to time party thereto and KeyBank National Association, as Administrative Agent, as amended, modified, supplemented and/or restated from time to time. 

“Financial Statements” means, with respect to the Borrower, its audited Consolidated Balance Sheet as at
December 31, 2011, together with the related audited Consolidated Income Statement and Statement of Changes in Cash Flow for the fiscal year then ended. 
 “Fitch” means Fitch Ratings Ltd. 
 “Fixed Charge
Coverage” means, as at the last day of any fiscal quarter, the quotient, expressed as a percentage (which may be in excess of 100%), determined by dividing EBITDA by Fixed Charges; all of the foregoing calculated by reference to the
immediately preceding four (4) fiscal quarters of the Borrower ending on such date of determination. 
 “Fixed
Charges” means, for any period, with respect to the Borrower on a consolidated basis, the sum of, without duplication, (a) Interest Expense, plus (b) scheduled principal payments on Funded Indebtedness (excluding any balloon or
final payment other than the final payment with respect to a loan that is fully amortized over its term) which are required to be made during such period, plus (c) dividends and distributions in respect of preferred stock (but excluding
redemption payments or charges in connection with the redemption of preferred stock) declared (either prior to or during such period) and required to be paid during such period, in each case determined in accordance with GAAP. 

“Funded Indebtedness” means, as of any date of determination thereof, (a) all Indebtedness of any Person,
determined in accordance with GAAP, which by its terms matures more than one year after the date of calculation, and any such Indebtedness maturing within one year from such date which is renewable or extendable at the option of the obligor to a
date more than one year from such date, including, in any event, the Loans, and (b) the current portion of all such Indebtedness. 

  
 7 

 “GAAP” means generally accepted accounting principles in the United States
of America in effect from time to time. 
 “Governmental Approval” means an authorization, consent, approval,
permit or license issued by, or a registration, qualification or filing with, any Governmental Authority. 

“Governmental Authority” means any nation and any state or political subdivision thereof and any entity exercising
executive, legislative, judicial, regulatory or administrative functions of or pertaining to government and any tribunal or arbitrator of competent jurisdiction. 
 “Hazardous Materials” means any toxic chemical, hazardous substances, contaminants or pollutants, medical wastes, infectious wastes, or hazardous wastes which have not been remediated in
accordance with applicable Environmental Laws and Regulations. 
 “Increase Request” has the meaning assigned
to such term in Section 2.26(a). 
 “Incremental Commitment” has the meaning assigned to such term in
Section 2.26(a). 
 “Incremental Lender” has the meaning assigned to such term in Section 2.26(b).

 “Indebtedness” means, with respect to any Person, all: (a) liabilities or obligations, direct and
contingent, which in accordance with GAAP would be included in determining total liabilities as shown on the liability side of a balance sheet of such Person at the date as of which Indebtedness is to be determined, including, without limitation,
contingent liabilities that in accordance with such principles, would be set forth in a specific U.S. Dollar amount on the liability side of such balance sheet, and Capitalized Lease Obligations of such Person; (b) liabilities or
obligations of others for which such Person is directly or indirectly liable, by way of guaranty (whether by direct guaranty, suretyship, discount, endorsement, take-or-pay agreement, agreement to purchase or advance or keep in funds or other
agreement having the effect of a guaranty) or otherwise; (c) liabilities or obligations secured by Liens on any assets of such Person, whether or not such liabilities or obligations shall have been assumed by it; (d) liabilities or
obligations of such Person, direct or contingent, with respect to letters of credit issued for the account or upon the application of such Person and bankers acceptances created for such Person, and (e) monetary obligations of such Person under
a so-called synthetic lease, off-balance sheet or tax retention lease or under an agreement for the use or possession of property creating obligations that do not appear on the balance sheet of such Person but which, upon the insolvency or
bankruptcy of such Person, would be characterized as the indebtedness of such Person (without regard to accounting treatment). 

“Interest Expense” means, for any period, on a consolidated basis, the sum of all interest paid or payable (excluding
unamortized debt issuance costs) on all items of Indebtedness of the Borrower outstanding at any time during such period. 

  
 8 

 “Interest Period” means, with respect to any CDOR Loan, each period
commencing on the date such Loan is made and ending on the date which is 30 days thereafter; provided, that (a) if any Interest Period would end on a day other than a Business Day, such Interest Period shall be extended to the next succeeding
Business Day and (b) no more than 10 Interest Periods for CDOR Loans shall be in effect at the same time; (c) each Interest Period shall end no later than the Term Loan Commitment Maturity Date; and (d) notwithstanding clause
(c) above, no Interest Period with respect to a CDOR Loan shall have a duration of less than 30 days. 
 “Interest
Rate Contracts” means interest rate swap agreements, interest rate cap agreements, interest rate collar agreements, interest rate insurance and other agreements or arrangements designed to provide protection against fluctuation in interest
rates, in each case, in form and substance satisfactory to the Administrative Agent and, in each case, with counter-parties satisfactory to the Administrative Agent. 
 “Investment” means a Facility or a Mortgage, individually or collectively, as the case may be. 
 “Joint Lead Arrangers” means, collectively, J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated and Royal Bank of Canada (using its RBC Capital Markets
brand name). 
 “Judgment Currency” has the meaning assigned to such term in Section 10.19. 

“Latest Balance Sheet” has the meaning assigned to such term in Section 3.9(a). 

“Laws” means all applicable provisions of all (a) constitutions, treaties, statutes, laws, rules, regulations and
ordinances of any Governmental Authority, (b) Governmental Approvals and (c) orders, decisions, judgments, awards and decrees of any Governmental Authority. 
 “Lease Rental Expense” means, for any period and with respect to any Facility, the total amount payable during such period by the lessee of such Facility to the Borrower, including,
without limitation, (a) base rent (as adjusted from time to time), plus (b) all incremental charges to which the Facility is subject under the lease relating thereto. 

“Lender(s)” has the meaning specified in the introductory paragraph hereto and shall include Incremental Lenders.

 “Lending Office” means, with respect to each Lender, the Lending Office designated below its name on the
signature pages hereof or such other office of such Lender or of an affiliate of such Lender as it may from time to time specify to the Administrative Agent and the Borrower as the office at which its Loans are to be made and maintained. 

“Leverage Ratio” has the meaning assigned to such term in Section 6.9(a). 

“Lien” means any mortgage, deed of trust, pledge, security interest, encumbrance, lien, claim or charge of any kind
(including any agreement to give any of the foregoing), any conditional sale or other title retention agreement, any lease in the nature of any of the foregoing, and the filing of or agreement to give any financing statement under the Uniform
Commercial Code of any jurisdiction. 

  
 9 

 “Loan(s)” has the meaning assigned to such term in Section 2.1.

 “Loan Documents” means this Agreement, the Term Loan Notes, and all other documents executed and delivered
in connection herewith or therewith, including all amendments, modifications and supplements of or to all such documents. 

“Loan Party” means the Borrower and any other Person (other than the Lenders and the Administrative Agent) which now or
hereafter executes and delivers to any Lender or the Administrative Agent any Loan Document. 
 “Material Adverse
Effect” means any fact or circumstance which (a) materially and adversely affects the business, operation, property or financial condition of the Borrower and the Subsidiaries taken as a whole or (b) has a material adverse effect
on the ability of the Borrower to perform its obligations under this Agreement, the Term Loan Notes or the other Loan Documents. 
 “Material Indebtedness” means Indebtedness, or obligations in respect of one or more Interest Rate Contracts, of any one or more of the Borrower and its Subsidiaries in an aggregate
principal amount exceeding (x) with respect to Nonrecourse Indebtedness, $150,000,000, and with respect to Recourse Indebtedness, $100,000,000. For purposes of determining Material Indebtedness, the “principal amount” of the
obligations of the Borrower or any Subsidiary in respect of any Interest Rate Contract at any time shall be the maximum aggregate amount (giving effect to any netting agreements) that the Borrower or such Subsidiary would be required to pay if such
Interest Rate Contract were terminated at such time. 
 “Merger with No Actual Change in Control” means
(a) the stockholders of the Borrower, immediately before such merger or consolidation, own, directly or indirectly, immediately following such merger or consolidation, more than fifty percent (50%) of the then outstanding shares of common
stock (or the equivalent in voting power of any class or classes of securities of the corporation entitled to vote in elections of directors) of the corporation resulting from such merger or consolidation (the “Surviving Company”)
in substantially the same proportion as their ownership of the Borrower’s outstanding common stock (or the equivalent in voting power of any class or classes of securities of the Borrower entitled to vote in elections of directors) immediately
before such merger or consolidation, and (b) the persons who were Continuing Directors immediately prior to the execution of the agreement providing for such merger or consolidation constitute more than fifty percent (50%) of the members
of the Board of Directors of the Surviving Company. 
 “Moody’s” means Moody’s Investors Service,
Inc. 
 “Mortgage(s)” means mortgages of real property constituting a Facility for which the Borrower is the
sole mortgagee. 

  
 10 

 “Mortgage Expense” means, for any period and with respect to any Facility,
the total amount payable during such period by the mortgagor of such Facility to the Borrower, including, without limitation, (a) interest and principal (as adjusted from time to time) plus (b) all incremental charges to which the Facility
is subject under the mortgage. 
 “Multiemployer Plan” means a “multiemployer plan” as defined in
Section 4001(a)(3) of ERISA to which any Loan Party or any ERISA Affiliate is making, or is accruing an obligation to make, contributions or has made, or been obligated to make, contributions within the preceding six (6) years. 

“New Lender” has the meaning assigned to such term in Section 2.26(a). 

“Nonrecourse Indebtedness” means, with respect to the Borrower or any Subsidiary, Indebtedness of the Borrower or such
Subsidiary that is secured by a Lien on Property of the Borrower or such Subsidiary, as applicable, the sole recourse for the repayment of which is such Property and where the Borrower or such Subsidiary, as applicable, would not be liable for any
deficiency after the application of the proceeds of such Property to such Indebtedness, other than in respect of environmental liabilities, fraud, misrepresentation and other similar matters. 

“Non-U.S. Lender” has the meaning assigned to such term in Section 10.14(a). 

“Obligations” means, collectively, all of the indebtedness, liabilities and obligations of the Borrower to the Lenders
and the Administrative Agent, whether now existing or hereafter arising, whether or not currently contemplated, including, without limitation, those arising under the Loan Documents and under any Interest Rate Contract to which a Lender or any
Affiliate of a Lender is a party. 
 “OFAC” has the meaning assigned to such term in Section 10.17(b).

 “Operator” means (a) the lessee of any Facility owned or leased by the Borrower and (b) the
mortgagor of a Facility which is subject to a Mortgage to the extent that such entity controls the operation of such Facility. 

“Participant” has the meaning assigned to such term in Section 10.13(d)(i). 

“Participant Register” has the meaning assigned to such term in Section 10.13(e)(ii). 

“Payor” has the meaning assigned to such term in Section 2.15. 

“PBGC” means Pension Benefit Guaranty Corporation. 

“Permitted Liens” means, as to any Person: (a) pledges or deposits by such Person under workers’ compensation
laws, unemployment insurance laws, social security laws, or similar legislation, or good faith deposits in connection with bids, tenders, contracts (other than for the payment of Indebtedness of such Person), or leases to which such Person is a
party, or deposits to secure public or statutory obligations of such Person or deposits of Cash or United 

  
 11 

 
States Government Bonds to secure surety, appeal, performance or other similar bonds to which such Person is a party, or deposits as security for contested taxes or import duties or for the
payment of rent; (b) Liens imposed by law, such as carriers’, warehousemen’s, materialmen’s and mechanics’ liens, or Liens arising out of judgments or awards against such Person with respect to which such Person at the time
shall currently be prosecuting an appeal or proceedings for review; (c) Liens for taxes not yet subject to penalties for non-payment and Liens for taxes the payment of which is being contested as permitted by Section 6.6; (d) minor
survey exceptions, minor encumbrances, easements or reservations of, or rights of, others for rights of way, highways and railroad crossings, sewers, electric lines, telegraph and telephone lines and other similar purposes, or zoning or other
restrictions as to the use of real properties; and (e) Liens incidental to the conduct of the business of such Person or to the ownership of such Person’s property that were not incurred in connection with Indebtedness of such Person, all
of which Liens referred to in this clause (e) do not in the aggregate materially impair the value of the properties to which they relate or materially impair their use in the operation of the business taken as a whole of such Person, and as to
all the foregoing only to the extent arising and continuing in the ordinary course of business. 
 “Person”
means an individual, a corporation, a limited liability company, a partnership, a joint venture, a trust or unincorporated organization, a joint stock company or other similar organization, a government or any political subdivision thereof, a court,
or any other legal entity, whether acting in an individual, fiduciary or other capacity. 
 “Plan” means at any
time an employee pension benefit plan that is covered by Title IV of ERISA or subject to the minimum funding standards under Section 412 of the Code and is either: (a) maintained by the Borrower or any member of the Controlled Group for
employees of the Borrower, or by the Borrower for any other member of the Controlled Group, or (b) maintained pursuant to a collective bargaining agreement or any other arrangement under which more than one employer makes contributions and to
which the Borrower or any member of the Controlled Group is then making or accruing an obligation to make contributions or has within the preceding five plan years made contributions. 

“Post-Default Rate” means (a) in respect of any Loans, a rate per annum equal to 2% plus the otherwise applicable
rate of interest thereon and (b) in respect of other amounts payable by the Borrower hereunder (other than interest), a rate per annum equal to 2% plus the otherwise applicable rate of interest from time to time on Loans at the time of the
Event of Default that resulted in the Post-Default Rate being instituted. 
 “Principal Office” means the
principal office of the Administrative Agent presently located at 127 Public Square, Cleveland, Ohio 44114-1306. 

“Projections” means the projections relating to the Borrower and its Subsidiaries for the 4 year period 2012-2015,
including balance sheets, statements of operations and cash flows (together with related assumptions) as furnished by the Borrower to the Administrative Agent. 
 “Property” means any estate or interest in any kind of property or asset, whether real, personal or mixed, and whether tangible or intangible. 

“Proposed Lender” has the meaning assigned to such term in Section 2.26(a). 

  
 12 

 “Quarterly Dates” means the first day of each March, June, September and
December, the first of which shall be the first such day after the date of this Agreement, provided that, if any such date is not a Business Day, the relevant Quarterly Date shall be the next succeeding Business Day. 

“Ratings” means the ratings from time to time established by the Ratings Agencies for senior, unsecured, non-credit
enhanced long-term debt of the Borrower. 
 “Ratings Agencies” means Moody’s, S&P, and Fitch, or any
successor or assignee of any of them in the business of rating debt. 
 “Recourse Indebtedness” means, with
respect to the Borrower or any Subsidiary, all Indebtedness of the Borrower or such Subsidiary other than Nonrecourse Indebtedness. 
 “Register” has the meaning assigned to such term in Section 10.13(e)(i). 
 “REIT Status” means, with respect to any Person, (a) the qualification of such Person as a real estate investment trust under Sections 856 through 860 of the Code, and (b) the
applicability to such Person and its shareholders of the method of taxation provided for in Sections 857 et seq. of the Code. 
 “Related Parties” means, with respect to any Person, such Person’s Affiliates and the partners, directors, officers, employees, agents, trustees and advisors of such Person and of
such Person’s Affiliates. 
 “Required Lenders” means, at any time, any combination of Lenders having more
than 50% of the sum of (i) the unused Term Loan Commitments (at any time that the Term Loan Commitments are in effect) and (ii) the Total Aggregate Exposure then outstanding. The Term Loan Commitment of, and the Aggregate Exposure held by,
any Defaulting Lender shall be excluded for purposes of making a determination of Required Lenders as provided in Section 2.27(b). 
 “Required Payment” has the meaning assigned to such term in Section 2.15. 
 “S&P” means Standard and Poor’s Ratings Service, a division of The McGraw-Hill Companies, Inc. 
 “Significant Acquisition” means an acquisition permitted under Section 7.4 or 7.8, provided that the aggregate consideration (whether in the form of cash, securities,
goodwill, or otherwise) with respect to such acquisition is not less than $750,000,000. 
 “Spot Rate” means,
on any date, as determined by the Administrative Agent, the spot selling rate posted by Reuters World Spot Page (or any successor pages) for the sale of Canadian Dollars or any other applicable currency for U.S. Dollars at approximately 11:00 a.m.,
Cleveland, Ohio time, on such date (the “Applicable Quotation Date”); provided that if, for any reason, no such spot rate is being posted, such spot selling rate shall be determined by reference to such publicly available service
for displaying exchange rates as may be reasonably selected by the Administrative Agent, or, in the event no such service is selected, such spot selling rate shall 

  
 13 

 
instead be the rate reasonably determined by the Administrative Agent as the spot rate of exchange in the market where its foreign currency exchange operations in respect of Canadian Dollars or
such other applicable currency are then being conducted, at or about 11:00 a.m., Cleveland, Ohio time, on the Applicable Quotation Date for the purchase of Canadian Dollars or such other applicable currency for delivery two Business Days later.

 “Subsidiary” means, with respect to any Person, any corporation, partnership, joint venture or other entity,
whether now existing or hereafter organized or acquired: (a) in the case of a corporation, of which a majority of the securities having ordinary voting power for the election of directors (other than securities having such power only by reason
of the happening of a contingency) are at the time owned by such Person and/or one or more Subsidiaries of such Person, (b) in the case of a partnership or other entity, in which such Person is a general partner or of which a majority of the
partnership or other equity interests are at the time owned by such Person and/or one or more of its Subsidiaries, or (c) in the case of a joint venture, in which such Person is a joint venturer and of which a majority of the ownership
interests are at the time owned by such Person and/or one or more of its Subsidiaries. Unless the context otherwise requires, references in this Agreement to “Subsidiary” or “Subsidiaries” shall be deemed to be references to a
Subsidiary or Subsidiaries of the Borrower. 
 “Surviving Company” has the meaning assigned to such term in the
definition of Merger with No Actual Change in Control contained in this Section 1.1. 
 “Tangible Net
Worth” means the sum of capital surplus, earned surplus and capital stock, minus deferred charges, intangibles and treasury stock, all as determined in accordance with GAAP consistently applied. 

“Term Borrowing” means a borrowing consisting of simultaneous Term Loans having the same Interest Period made by each of
the Lenders pursuant to Section 2.1. 
 “Term Loan(s)” has the meaning assigned to such term in
Section 2.1. 
 “Term Loan Commitment” means, as to each Lender, the obligation of such Lender to make
Term Loans pursuant to Section 2.1. 
 “Term Loan Commitment Amount” means, as to each Lender, the amount
of such Lender’s Term Loan Commitment. The initial Term Loan Commitment Amount of each Lender is set forth opposite such Lender’s name on Schedule 1.1 hereto under the caption “Term Loan Commitment”, or in the Assignment
and Assumption pursuant to which such Lender shall have assumed its Term Loan Commitment, as applicable. Such Term Loan Commitment Amounts may be (a) increased from time to time pursuant to Section 2.26 and (b) reduced or increased
from time to time pursuant to assignments by or to such Lender pursuant to Section 10.13. 
 “Term Loan Commitment
Maturity Date” means July 27, 2015, or any later date established in accordance with Section 2.25. 

“Term Loan Commitment Termination Date” means the earlier to occur of (a) July 31, 2012, and (b) the
disbursement of Term Loans in an aggregate principal amount equal to the Total Term Loan Commitment Amount. 

  
 14 

 “Term Loan Note” means a Term Loan Note made by the Borrower, in
substantially the form of Exhibit A, payable to the order of a Lender, evidencing the obligation of the Borrower to repay the Term Loans made by such Lender, and includes any Term Loan Note issued in exchange or substitution therefor.

 “Term Loan Percentage” means, as of any date and with respect to each Lender, a percentage equal to a
fraction (a) the numerator of which is the Term Loan Commitment Amount of such Lender on such date and (b) the denominator of which is Total Term Loan Commitment Amount on such date. If the Term Loan Commitments have terminated or expired,
the Term Loan Percentage shall be determined based upon the Aggregate Exposures, giving effect to any assignments of Term Loans that occur after such termination or expiration and to any Lender’s status as a Defaulting Lender at the time of
determination. The initial Term Loan Percentage of each Lender is set forth opposite the name of such Lender on Schedule 1.1 hereto or in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable.

 “Total Aggregate Exposure” means, at any time, the outstanding principal balance of the Term Loans of all
Lenders. 
 “Total Term Loan Commitment Amount” means the aggregate Term Loan Commitment Amount of all the
Lenders which initially shall be the aggregate amount of Two Hundred Fifty Million Canadian Dollars (CAD 250,000,000). 

“Unencumbered Assets” means, on any date, net real estate investments (valued on a book basis) of the Borrower that are
not subject to any Lien which secures indebtedness for borrowed money of the Borrower plus, without duplication, loan loss reserves relating thereto, accumulated depreciation thereon plus Cash, as all such amounts would appear on a consolidated
balance sheet of the Borrower prepared as of such date in accordance with GAAP. 
 “Upfront Fee” has the
meaning assigned to such term in Section 2.7(a). 
 “USA Patriot Act” means the Uniting and Strengthening
America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001 (Title III of Pub. L. 107-56 (signed into law October 26, 2001)), as amended. 

“U.S. Dollar Equivalent” means, on any date of determination, (a) with respect to any amount in U.S. Dollars, such
amount, (b) with respect to any amount denominated in Canadian Dollars, the amount of U.S. Dollars which is equivalent to the amount so expressed in Canadian Dollars at the Spot Rate on such date of determination and (c) with respect to
any amount denominated in any other currency, the amount of U.S. Dollars which is equivalent to the amount so expressed in such other currency at the Spot Rate on such date of determination. 

“U.S. Dollars” and “$” mean lawful money of the United States of America. 

  
 15 

 Section 1.2 GAAP. 

Any accounting terms used in this Agreement that are not specifically defined herein shall have the meanings customarily given to them in
accordance with GAAP as in effect on the date of this Agreement, except that references in Article 5 to such principles shall be deemed to refer to such principles as in effect on the date of the financial statements delivered pursuant thereto.

 Section 1.3 Currency Matters. 
 For purposes of this Agreement and the other Loan Documents, where the permissibility of a transaction or determinations of required actions or circumstances depend upon compliance with, or are determined
by reference to amounts stated in U.S. Dollars, such amounts shall be deemed to refer to the amount in U. S. Dollars or the U.S. Dollar Equivalent. For purposes of any determination under Articles 6 and 7 (other than determinations under
Section 6.9, which are calculated as at the last day of each fiscal quarter of the Borrower), the amount of each Investment, disposition or other applicable transaction denominated in a currency other than U.S. Dollars shall be converted into
the U.S Dollar Equivalent thereof on the first Business Day of the fiscal quarter in which such determination occurs or in respect of which such determination is being made, as such determinations shall be made in good faith by the Borrower.
Principal, interest, fees and all other amounts payable under this Agreement or any other Loan Document to any Lender shall be payable in the currency in which such Obligations are denominated, unless expressly stated otherwise. 

Article 2. Term Loan Commitments; Term Loans. 
 Section 2.1 Term Borrowing. 
 (a) Each Lender hereby severally
agrees, on the terms and subject to the conditions of this Agreement, to make a single term loan (each such loan and each loan, if any, made under the Incremental Commitments, referred to individually as a “Loan” or a “Term
Loan” and, collectively, the “Loans” or the “Term Loans”) to the Borrower on the Term Loan Commitment Termination Date or any Business Day prior to the Term Loan Commitment Termination Date in a principal
amount equal to such Lender’s Term Loan Commitment as in effect on the Effective Date. 
 (b) In addition, in the event of
the establishment of one or more Incremental Commitments as provided in Section 2.26, each Incremental Lender hereby severally agrees, on the terms and subject to the conditions of this Agreement, to make a single Term Loan to the Borrower on
the effective date of the establishment of each such Incremental Commitment, in a principal amount equal to such Incremental Lender’s (i) increase to its Term Loan Commitment or (ii) its Term Loan Commitment, as applicable.

 (c) Each Term Borrowing shall consist of Term Loans made simultaneously by the Lenders. After giving effect to each Term
Loan the Total Aggregate Exposure shall not exceed the Total Term Loan Commitment Amount as then in effect. Term Borrowings prepaid or repaid, in whole or in part, may not be reborrowed. 

Section 2.2 Notices Relating to Term Loans. 
 (a) The Borrower shall give the Administrative Agent written notice of each borrowing, repayment and prepayment of each Term Loan. Each such Borrowing Notice shall be irrevocable and shall be effective
only if received by the Administrative Agent not later than 1:00 p.m., Cleveland, Ohio time, on the date that is three Business Days prior to the date of the proposed date of the related borrowing or repayment or prepayment. 

  
 16 

 (b) Each such notice of borrowing, repayment or prepayment shall specify the amount
(subject to Section 2.1(c) or 2.10, as applicable) to be borrowed, repaid or prepaid, and the date of borrowing, repayment or prepayment (which shall be a Business Day). The duration of each Interest Period shall be 30 days (as specified in the
definition of Interest Period) and on the last day of each Interest Period each CDOR Loan shall automatically be continued for an additional 30 day period provided that no Interest Period shall end later than the Term Loan Commitment Maturity Date.
The Administrative Agent shall notify the Lenders of the content of each such Borrowing Notice promptly after its receipt thereof. 
 Section 2.3 Disbursement of Loan Proceeds. 
 The Borrower shall give
the Administrative Agent notice of each borrowing hereunder of Term Loans as provided in Section 2.2 and the Administrative Agent shall promptly notify the Lenders thereof. Not later than 1:00 p.m., Cleveland, Ohio time, on the date specified
for each borrowing hereunder, each Lender shall transfer to the Administrative Agent, by wire transfer or otherwise, but in any event in immediately available funds, the amount of the Term Loan to be made by it on such date, and the Administrative
Agent, upon its receipt thereof, upon compliance with the requirements of Sections 4.1 and 4.2, as applicable, shall disburse such sum to the Borrower by depositing the amount thereof in an account of the Borrower designated by the Borrower and
maintained with the Administrative Agent. All borrowings shall be denominated in Canadian Dollars. 
 Section 2.4 Term
Loan Notes, etc. 
 (a) Evidence of Loans. The Loans made by each Lender shall be evidenced by one or more
accounts or records maintained by such Lender and by the Administrative Agent in the ordinary course of business. The accounts or records maintained by the Administrative Agent and each Lender shall be conclusive absent manifest error of the amount
of the Loans made by the Lenders to the Borrower and the interest and payments thereon. Any failure to so record or any error in doing so shall not, however, limit or otherwise affect the obligation of the Borrower hereunder to pay any amount owing
with respect to the Obligations. Upon the request of any Lender made through the Administrative Agent, the Borrower shall execute and deliver to such Lender (through the Administrative Agent) a Term Loan Note, which shall evidence such Lender’s
Loans in addition to such accounts or records. Each Term Loan Note shall, by its terms, mature in accordance with the provisions of this Agreement. 
 (b) Notation of Amounts and Maturities, Etc. Each Lender is hereby irrevocably authorized to record on the schedule attached to its Term Loan Note (or a continuation thereof) the information
contemplated by such schedule. The failure to record, or any error in recording, any such information shall not, however, affect the obligations of the Borrower hereunder or under any Term Loan Note to pay any amount owing with respect to the
Obligations. All such notations shall constitute conclusive evidence of the accuracy of the information so recorded, in the absence of manifest error. 

  
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 Notwithstanding any provision to the contrary contained in this Section 2.4, in the event of any
conflict between the accounts and records maintained by the Administrative Agent and the accounts and records of any Lender in respect of such matters, the accounts and records of the Administrative Agent shall control in the absence of manifest
error. 
 Section 2.5 Payment of Term Loans; Termination of Commitments. 

(a) All outstanding Term Loans shall be paid in full not later than the Term Loan Commitment Maturity Date. 

(b) In the event that the Borrower shall not have borrowed the initial Term Loans pursuant to Section 2.1(a) on or prior to the
Term Loan Commitment Termination Date, the Term Loan Commitments shall terminate at 5:00 p.m., Cleveland, Ohio time, on the Term Loan Commitment Termination Date and thereafter no Term Loans shall be made by the Lenders hereunder. Unless previously
terminated, the Term Loan Commitments shall terminate on the Term Loan Commitment Maturity Date. The Borrower shall be entitled to prepay the principal amount of the Term Loans provided that the Borrower shall give notice of prepayment
to the Administrative Agent as provided in Section 2.2, and any prepayment of the Term Loans shall be in the minimum aggregate amount of CAD 3,000,000 and multiples of CAD 1,000,000 in excess thereof. Any amount prepaid or repaid may not be
reborrowed hereunder. 
 (c) Repayment of a CDOR Loan on a day other than the last day of the relevant Interest Period relating
thereto shall be subject to the provisions of Section 2.22. 
 (d) To the extent the Administrative Agent or any Lender
receives payment of any amount under the Loan Documents, whether by way of payment by the Borrower, set-off or otherwise, which payment is subsequently invalidated, declared to be fraudulent or preferential, set aside or required to be repaid to a
trustee, receiver or any other party under any bankruptcy law, other law or equitable cause, in whole or in part, then, to the extent of such payment received, the Obligations or part thereof intended to be satisfied thereby shall be revived and
shall continue in full force and effect. 
 Section 2.6 Interest. 

(a) The Borrower shall pay to the Administrative Agent for the account of each Lender interest on the unpaid principal amount of each
Loan made by such Lender for the period commencing on the date of such Loan until such Loan shall be paid in full, at a rate per annum, for each Interest Period relating thereto, equal to the CDOR for such Loan for such Interest Period plus
the Applicable Margin. 
 (b) Notwithstanding the foregoing, the Borrower shall pay interest on any Loan, and on any other
amount payable by the Borrower hereunder (to the extent permitted by law) which are not paid in full when due (whether at stated maturity, by acceleration or otherwise) for the period commencing on the due date thereof until the same is paid in full
at the applicable Post-Default Rate. 

  
 18 

 (c) Except as provided in the next sentence, accrued interest on each Loan shall be payable
(i) on the last day of each Interest Period for such Loan and (ii) upon the payment or repayment thereof (but only on the principal so paid or repaid). Interest that is payable at the Post-Default Rate shall be payable from time to time on
demand of the Administrative Agent. Promptly after the establishment of any interest rate provided for herein or any change therein, the Administrative Agent will notify the Lenders and the Borrower thereof, provided that the failure
of the Administrative Agent to so notify the Lenders and the Borrower shall not affect the obligations of the Borrower hereunder or under any of the Term Loan Notes in any respect. 

(d) Anything in this Agreement or any of the Term Loan Notes to the contrary notwithstanding, the obligation of the Borrower to make
payments of interest shall be subject to the limitation that payments of interest shall not be required to be made to any Lender to the extent that such Lender’s receipt thereof would not be permissible under the law or laws applicable to such
Lender limiting rates of interest that may be charged or collected by such Lender. Any such payments of interest that are not made as a result of the limitation referred to in the preceding sentence shall be made by the Borrower to such Lender on
the earliest interest payment date or dates on which the receipt thereof would be permissible under the laws applicable to such Lender limiting rates of interest that may be charged or collected by such Lender. Such deferred interest shall not bear
interest. 
 Section 2.7 Fees. 
 (a) Upfront Fee. The Borrower shall pay to the Administrative Agent for the account of the Lenders, on the Effective Date, a fee (the “Upfront Fee”), as set forth in a separate
written agreement. 
 (b) Commitment Fee. The Borrower shall pay to the Administrative Agent for the account of the
Lenders, pro rata according to their respective Term Loan Percentages, a commitment fee (the “Commitment Fee”) on the daily average amount of such Lender’s Term Loan Commitment Amount, for the period from the
Effective Date to and including the earlier of (i) the date such Lender’s Term Loan Commitment is terminated, and (ii) the Term Loan Commitment Termination Date, at a rate per annum equal to 20 basis points on the Total Term Loan
Commitment Amount. The accrued Commitment Fee shall be payable on the last day of the first Interest Period for the initial Term Loans, or if there are no such Terms Loans, on the Term Loan Commitment Termination Date. 

(c) Agency Fee. The Borrower shall pay to the Administrative Agent, for its own account, an annual administrative agency fee (the
“Agency Fee”), as set forth in a separate written agreement. 
 (d) The Upfront Fee, the Commitment Fee and
the Agency Fee are hereinafter sometimes referred to individually as a “Fee” and collectively as the “Fees”. 
 Section 2.8 Use of Proceeds of Loans. 
 The proceeds of the Loans
hereunder may be used by the Borrower solely as follows: (a) in connection with the consummation of the Borrower’s joint venture with Chartwell Seniors Housing Trust in connection with the ownership and operation of a portfolio of 42
high-quality seniors housing and care communities in Canada and (b) for working capital and general corporate purposes. 

  
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 Section 2.9 Computations. 

Interest on all Loans and each Fee shall be computed on the basis of a year of 360 days and actual days elapsed (including the first day
but excluding the last) occurring in the period for which payable. For purposes of disclosure pursuant to the Interest Act (Canada), the annual rates of interest or fees to which the rates of interest or fees provided in this Agreement and the other
Loan Documents (and stated herein or therein, as applicable, to be computed on the basis of a year of 360 days or any other period of time less than a calendar year) are equivalent, are the rates so determined multiplied by the actual number of days
in the applicable calendar year and divided by 360 or such other period of time, respectively. 
 Section 2.10 Minimum
Amounts of Borrowings and Repayments. 
 All borrowings shall exhaust the full remaining amount of the Term Loan
Commitments as follows: (i) Term Borrowings made pursuant to Section 2.1(a) shall exhaust the Total Term Loan Commitment Amount as in effect on such date and (ii) in the event of the establishment of one or more Incremental
Commitments as provided in Section 2.26, the Borrower shall borrow, on the effective date of the establishment of each such Incremental Commitment, an amount equal to the full amount of such Incremental Commitment. Except for prepayments that
result in the repayment of all Term Loans, each prepayment of principal of Term Loans hereunder shall be in a minimum amount of CAD 3,000,000, and if in excess thereof, in integral multiples of CAD 1,000,000. The Administrative Agent and the
Borrower may make immaterial mutually convenient adjustments to the thresholds and multiples set forth above with respect to prepayments. 
 Section 2.11 Time and Method of Payments. 
 All payments of
principal, interest, Fees and other amounts (including indemnities) payable by the Borrower hereunder shall be made in Canadian Dollars (other than the Upfront Fee and the Agency Fee which shall be payable as provided in the separate written
agreements with respect to such Fees), in immediately available funds, to the Administrative Agent at the Principal Office not later than 11:00 a.m., Cleveland, Ohio time, on the date on which such payment shall become due (and the Administrative
Agent or any Lender for whose account any such payment is to be made may, but shall not be obligated to, debit the amount of any such payment that is not made by such time to any ordinary deposit account of the Borrower, with the Administrative
Agent or such Lender, as the case may be). Additional provisions relating to payments are set forth in Section 10.3. Each payment received by the Administrative Agent hereunder for the account of a Lender shall be paid promptly to such Lender,
in like funds, for the account of such Lender’s Lending Office for application in respect of which such payment is made. 

  
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 Section 2.12 Lending Offices. 

The Loans made by each Lender shall be made and maintained at such Lender’s Lending Office. 

Section 2.13 Several Obligations. 
 The failure of any Lender to make any Loan to be made by it on the date specified therefor shall not relieve the other Lenders of their respective obligations to make their Loans on such date, but no
Lender shall be responsible for the failure of the other Lenders to make Loans to be made by such other Lenders. 
 Section
2.14 Pro Rata Treatment Among Lenders. 
 Except as otherwise provided herein: (a) each borrowing of Term Loans
from the Lenders under Section 2.1 will be made from the Lenders and each payment of each Fee (other than the Upfront Fee and the Agency Fee) shall be made for the account of the Lenders pro rata according to the amount of their
respective Term Loan Percentages and (b) each payment and repayment of principal of or interest on Term Loans will be made to the Administrative Agent for the account of the Lenders pro rata in accordance with the respective
unpaid principal amounts of the Term Loans held by such Lenders. 
 Section 2.15 Non-Receipt of Funds by the
Administrative Agent. 
 Unless the Administrative Agent shall have been notified by a Lender or the Borrower (the
“Payor”) prior to the date on which such Lender is to make payment to the Administrative Agent of the proceeds of a Loan to be made by it hereunder or the Borrower is to make a payment to the Administrative Agent for the account of
one or more of the Lenders, as the case may be (such payment being herein called the “Required Payment”), which notice shall be effective upon receipt, that the Payor does not intend to make the Required Payment to the
Administrative Agent, the Administrative Agent may assume that the Required Payment has been made and may, in reliance upon such assumption (but shall not be required to), make the amount thereof available to the intended recipient on such date and,
if the Payor has not in fact made the Required Payment to the Administrative Agent, the recipient of such payment shall, on demand, repay to the Administrative Agent the amount made available to it together with interest thereon in respect of each
day during the period commencing on the date such amount was so made available by the Administrative Agent until the date the Administrative Agent recovers such amount at a rate per annum equal to (i) when the recipient is a Lender, the Federal
Funds Rate for such day, or (ii) when the recipient is the Borrower, the rate of interest applicable to such Loan. 

Section 2.16 Sharing of Payments and Set-Off Among Lenders. 

The Borrower hereby agrees that, in addition to (and without limitation of) any right of setoff, banker’s lien or counterclaim a
Lender may otherwise have, each Lender shall be entitled, at its option, to offset balances held by it at any of its offices against any principal of or interest on any of its Loans hereunder or any Fee payable to it, that is not paid when due
(regardless of whether such balances are then due the Borrower), in which case it shall promptly 

  
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notify the Borrower and the Administrative Agent thereof, provided that its failure to give such notice shall not affect the validity thereof. If a Lender shall effect payment of
any principal of or interest on Term Loans held by it under this Agreement or any Fee through the exercise of any right of set-off, banker’s lien, counterclaim or similar right, it shall promptly purchase from the other Lenders participations
in the Term Loans held by the other Lenders in such amounts, and make such other adjustments from time to time as shall be equitable, to the end that all the Lenders shall share the benefit of such payment pro rata in accordance with the unpaid
amount of principal and interest on the Term Loans held by each of them and the Fees due them. To such end all the Lenders shall make appropriate adjustments among themselves (by the resale of participations sold or otherwise) if such payment is
rescinded or must otherwise be restored. The Borrower agrees that any Lender so purchasing a participation in the Term Loans held by the other Lenders may exercise all rights of set-off, banker’s lien, counterclaim or similar rights with
respect to such participation as fully as if such Lender were a direct holder of Term Loans in the amount of such participation. Nothing contained herein shall require any Lender to exercise any such right or shall affect the right of any Lender to
exercise and retain the benefits of exercising, any such right with respect to any other indebtedness or obligation of the Borrower. 
 Section 2.17 Intentionally Omitted. 
 Section 2.18 Additional
Costs; Capital Requirements. 
 (a) In the event that any Change in Law shall impose, modify or deem applicable or
result in the application of, any capital maintenance, capital ratio or similar requirement against commitments made by any Lender hereunder, and the result of any event referred to above is to impose upon any Lender or any corporation controlling
any Lender or increase any capital requirement applicable as a result of the making or maintenance of such Lender’s commitments or the obligation of the Borrower hereunder with respect to such commitments (which imposition of capital
requirements may be determined by each Lender’s reasonable allocation of the aggregate of such capital increases or impositions), then, within ten Business Days of demand made by such Lender as promptly as practicable after it obtains knowledge
that such Change in Law exists and determines to make such demand, the Borrower shall pay to such Lender from time to time as specified by such Lender additional amounts which shall be sufficient to compensate such Lender or such controlling
corporation for such imposition of or increase in capital requirements together with interest on each such amount from the date demanded until payment in full thereof at the Post-Default Rate. A certificate setting forth in reasonable detail the
amount necessary to compensate such Lender or such controlling corporation as a result of an imposition of or increase in capital requirements submitted by such Lender to the Borrower shall be conclusive, absent manifest error, as to the amount
thereof. All references to any “Lender” shall be deemed to include any participant of such Lender. 
 (b) In the
event that any Change in Law shall: (i) change the basis of taxation of any amounts payable to any Lender under this Agreement in respect of any Obligations including, without limitation, CDOR Loans (other than taxes imposed on the overall net
income of such Lender for any such Loans by the United States of America or the jurisdiction in which such Lender has its principal office); or (ii) impose or modify any reserve, Federal Deposit Insurance Corporation premium or assessment,
special deposit or similar requirements relating to any extensions of credit or other assets of, or any deposits with or other 

  
 22 

 
liabilities of, such Lender; or (iii) impose any other conditions affecting this Agreement in respect of extensions of credit, including, without limitation, CDOR Loans (or any of such
extensions of credit, assets, deposits or liabilities); and the result of any event referred to in clause (i), (ii) or (iii) above shall be to increase such Lender’s costs of making or maintaining any extensions of credit including,
without limitation, CDOR Loans, or its commitments (including its Term Loan Commitment), or to reduce any amount receivable by such Lender hereunder in respect of any such commitment (such increases in costs and reductions in amounts receivable are
hereinafter referred to as “Additional Costs”), then, within ten Business Days of demand made by such Lender as promptly as practicable after it obtains knowledge that such a Change in Law exists and determines to make such demand
(a copy of which demand shall be delivered to the Administrative Agent), the Borrower shall pay to such Lender from time to time as specified by such Lender, additional amounts which shall be sufficient to compensate such Lender for such increased
cost or reduction in amounts receivable by such Lender from the date of such Change in Law, together with interest on each such amount from the date demanded until payment in full thereof at the Post-Default Rate. All references to any
“Lender” shall be deemed to include any participant of such Lender. 
 (c) Determinations by any Lender for purposes
of this Section 2.18 of the effect of any Change in Law on its costs of making or maintaining Loans or on amounts receivable by it in respect thereof, and of the additional amounts required to compensate such Lender in respect of any Additional
Costs, shall be set forth in writing in reasonable detail describing the Additional Costs together with a calculation demonstrating the allocation to the Borrower of such Additional Costs which shall be conclusive, absent manifest error. The
obligations of the Borrower under this Section 2.18 shall survive the payment of the Obligations and the termination of this Agreement. 
 Section 2.19 Intentionally Omitted. 
 Section 2.20
Illegality. 
 Notwithstanding any other provision in this Agreement, in the event that on or after the date hereof
any Change in Law shall make it unlawful for any Lender or its applicable Lending Office to make or maintain its Loans (and, in the opinion of such Lender, the designation of a different applicable Lending Office would either not avoid such
unlawfulness or would be disadvantageous to such Lender), then such Lender shall promptly notify the Borrower thereof (with a copy to the Administrative Agent), following which (a) such Lender’s Term Loan Commitment shall be suspended
until such time as such Lender may again make and maintain its Loans hereunder and (b) if such law shall so mandate, such Lender’s Loans shall be prepaid by the Borrower, together with accrued and unpaid interest thereon and all other
amounts payable by the Borrower under this Agreement, on or before such date as shall be mandated by such law. 
 Section
2.21 Intentionally Omitted. 

  
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 Section 2.22 Indemnification. 

The Borrower shall pay to the Administrative Agent for the account of each Lender, upon the request of such Lender through the
Administrative Agent, such amount or amounts as shall compensate such Lender for any loss (including loss of profit), cost or expense incurred by such Lender (as reasonably determined by such Lender) as a result of: 

(a) any payment or repayment of a CDOR Loan held by such Lender on a date other than the last day of an Interest Period for such CDOR
Loan except pursuant to Section 2.20; 
 (b) any failure by the Borrower to borrow a CDOR Loan on the date for such
borrowing specified in the relevant Borrowing Notice under Section 2.2, 
 such compensation to include, without limitation, an amount
equal to: (i) any loss or expense suffered by such Lender during the period from the date of receipt of such early payment or repayment or prepayment or the date of such failure to the last day of such Interest Period if the rate of interest
obtainable by such Lender upon the redeployment of an amount of funds equal to such Lender’s pro rata share of such payment, prepayment or failure to borrow is less than the rate of interest applicable to such CDOR Loan for such
Interest Period, and (ii) any loss or expense suffered by such Lender in liquidating deposits prior to maturity which correspond to such Lender’s pro rata share of such payment, repayment, prepayment or failure to borrow. The
determination by each such Lender of the amount of any such loss or expense, when set forth in a written notice to the Borrower, containing such Lender’s calculation thereof in reasonable detail, shall be presumed correct, in the absence of
manifest error. The obligations of the Borrower under this Section 2.22 shall survive the payment of the Obligations and the termination of this Agreement. 
 Section 2.23 Intentionally Omitted. 
 Section 2.24
Intentionally Omitted. 
 Section 2.25 Extension of Term Loan Commitment Maturity Date. 

Subject to the following provisions, the Borrower shall have the option to extend the initial Term Loan Commitment Maturity Date to
July 27, 2016. By written notice to the Administrative Agent delivered at least 30 days, but not more than 90 days, prior to the initial Term Loan Commitment Maturity Date, so long as no Default or Event of Default has occurred since the date
of this Agreement, the Borrower may request such extension of the initial Term Loan Commitment Maturity Date (which request shall be accompanied by a Compliance Certificate). Promptly upon receipt of such written notice, the Administrative Agent
shall deliver a copy to each Lender and the initial Term Loan Commitment Maturity Date shall be deemed so extended. In the event that the Borrower shall have delivered an extension notice under this Section 2.25, the Borrower shall pay to the
Administrative Agent for the ratable benefit of the Lenders on the initial Term Loan Commitment Maturity Date, a non-refundable extension fee in an amount equal to 15 basis points multiplied by the Total Aggregate Exposure, as then in effect.

  
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 Section 2.26 Increase in Total Term Loan Commitment Amount. 

(a) In the event that the Lenders shall have made the initial Term Loans pursuant to Section 2.1(a) on or prior to the Term Loan
Commitment Termination Date, the Borrower may at its sole expense and effort and after consulting with the Administrative Agent, at any time after the Term Loan Commitment Termination Date, request: (i) one or more Lenders to establish (in the
sole and absolute discretion of each such Lender) additional Term Loan Commitments and/or (ii) one or more other lending institutions acceptable to the Administrative Agent (each, a “New Lender”) to become “Lenders”
and establish Term Loan Commitments hereunder (each such existing Lender and each New Lender being referred to as a “Proposed Lender”). To request an extension of additional or new Term Loan Commitments pursuant to this
Section 2.26 (the “Incremental Commitment”), the Borrower shall submit to the Administrative Agent a written request signed by the Borrower and in form approved by the Administrative Agent (the “Increase
Request”), which shall specify, as the case may be: (A) each such existing Lender and the amount of the proposed additional Term Loan Commitment, or (B) the proposed Term Loan Commitment for each New Lender. Promptly following
receipt of the Increase Request, the Administrative Agent shall advise each Proposed Lender of the details thereof. 
 (b) If
one or more Proposed Lender(s) shall have unconditionally agreed to such Increase Request in a writing delivered to the Borrower and the Administrative Agent at any time prior to the 30th day following the date of the delivery to such Proposed
Lenders(s) of the Increase Request (each such Proposed Lender being hereinafter referred to as an “Incremental Lender”), then: (x) each such Incremental Lender which shall then be an existing Lender shall have its Term Loan
Commitment increased by the amount set forth in the Increase Request, and (y) each such Incremental Lender which shall then be a New Lender shall be and become a “Lender” hereunder having a Term Loan Commitment equal to the amount set
forth in such Increase Request, provided, however, that (1) immediately before and after giving effect thereto, no Default or Event of Default shall or would exist, (2) each such Incremental Lender shall have executed and
delivered to the Administrative Agent a supplement to this Agreement providing for its increased Term Loan Commitment or its Term Loan Commitment, as applicable, in form approved by the Administrative Agent, (3) immediately after giving effect
thereto, the aggregate amount of the Incremental Commitments established pursuant to this Section 2.26 shall not exceed CAD 250,000,000, (4) the increase of the Total Term Loan Commitment Amount specified in the Increase Request shall be
not less than CAD 25,000,000 or an integral multiple thereof, (5) the minimum Term Loan Commitment established by each Incremental Lender which is a New Lender shall be in an amount of not less than CAD 15,000,000 or an integral multiple of CAD
1,000,000 in excess thereof, (6) the minimum increase to the Term Loan Commitment established by each Incremental Lender which is an existing Lender shall be in an amount of not less than CAD 5,000,000 or an integral multiple of CAD 1,000,000
in excess thereof and (7) on the effective date of each Incremental Commitment, the Borrower shall borrow an amount equal to the full amount of such Incremental Commitment. 

Section 2.27 Defaulting Lenders. 
 Notwithstanding any provision of this Agreement to the contrary, if any Lender becomes a Defaulting Lender, then the following provisions shall apply for so long as such Lender is a Defaulting Lender:

  
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 (a) the Term Loan Commitment and the Aggregate Exposure of such Defaulting Lender shall not
be included in determining whether all Lenders or Required Lenders have taken or may take any action hereunder (including any consent to any amendment or waiver pursuant to Section 10.6, other than in respect of an increase in the amount of
such Defaulting Lender’s Term Loan Commitment or an extension of the Term Loan Commitment Maturity Date), provided that any waiver, amendment or modification requiring the consent of all Lenders or each affected Lender which
adversely affects such Defaulting Lender differently than other affected Lenders shall require the consent of such Defaulting Lender; and 
 (b) any amount payable to such Defaulting Lender hereunder (whether on account of principal, interest, fees or otherwise) shall, in lieu of being distributed to such Defaulting Lender, be retained by the
Administrative Agent in a segregated account and subject to any applicable requirements of law, be applied (i) first, to the payment of any amounts owing by such Defaulting Lender to the Administrative Agent hereunder, (ii) second, pro
rata, to the payment of any amounts owing to the Borrower or the Lenders as a result of any judgment of a court of competent jurisdiction obtained by the Borrower or any Lender against such Defaulting Lender as a result of such Defaulting
Lender’s breach of its obligations under this Agreement and (iii) third, to such Defaulting Lender or as otherwise directed by a court of competent jurisdiction, provided that if such payment is (x) a prepayment of the
principal amount of any Loan and (y) made at a time when the conditions set forth in Article 4 are satisfied, such payment shall be applied solely to prepay the Loans of all non-Defaulting Lenders pro rata prior to being applied to the
prepayment of any Loan of any Defaulting Lender. 
 (c) In the event that the Administrative Agent and the Borrower each agrees
that a Defaulting Lender has adequately remedied all matters that caused such Lender to be a Defaulting Lender, then on such date such Lender shall purchase at par such of the Term Loans of the other Lenders as the Administrative Agent shall
determine may be necessary in order for such Lender to hold such Term Loans in accordance with its Term Loan Percentage. Except as expressly modified by this Section 2.27, the performance by the Borrower under any Loan Documents shall not be
excused or otherwise modified as a result of this Section 2.27. 
 (d) In the event that any Lender becomes a Defaulting
Lender, the Borrower shall have the right, at its own expense, upon notice to such Lender and the Administrative Agent, to require such Lender to transfer and assign without recourse (in accordance with and subject to the restrictions contained in
Section 10.6) all its interest, rights and obligations under this Agreement to one or more other financial institutions acceptable to (i) the Borrower (unless an Event of Default has occurred and is continuing) and (ii) the
Administrative Agent, which consent, in each case shall not be unreasonably withheld, which financial institution shall assume such obligations; provided that (A) no such assignment shall conflict with any law, rule or regulation
or order of any Governmental Authority, and (B) the Borrower or the assignee or assignees, as the case may be, shall pay to such Defaulting Lender in immediately available funds on the date of such assignment the principal of and interest
accrued to the date of payment on the Loans made by it hereunder and all other amounts accrued for its account or owed to it hereunder. Upon receipt by such Defaulting Lender of all amounts required to be paid to such Lender pursuant to this
Section 2.27, the Administrative Agent shall be entitled (but not obligated) and authorized to execute an Assignment and Assumption on behalf of such Defaulting Lender, and any such Assignment and Assumption so executed by the Administrative
Agent and the assignee shall be effective for purposes of this Section 2.27 and Section 10.13. A Defaulting Lender shall not be required to make any such assignment if, prior to the Administrative Agent’s approval of such assignment,
the circumstances entitling the Borrower to require such assignment cease to apply. 

  
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 Article 3. Representations and Warranties. 

The Borrower hereby represents and warrants to the Lenders and the Administrative Agent that: 

Section 3.1 Organization. 
 (a) Each of the Borrower and the Subsidiaries is duly organized and validly existing under the laws of its state of organization and has the power to own its assets and to transact the business in which
it is presently engaged. 
 (b) Each of the Borrower and the Subsidiaries is in good standing in its state of organization and
in each state in which the character of the properties owned or the business transacted requires qualification, except to the extent that the failure to do so could not reasonably be expected to have a Material Adverse Effect. 

Section 3.2 Power, Authority, Consents. 
 The Borrower has the power to execute, deliver and perform the Loan Documents to be executed by it. The Borrower has the power to request extensions of credit hereunder and has taken all necessary action,
corporate or otherwise, to authorize the extensions of credit hereunder on the terms and conditions of this Agreement. The Borrower has taken all necessary action, corporate or otherwise, to authorize the execution, delivery and performance of the
Loan Documents to be executed by it. No consent or approval of any Person (including, without limitation, any stockholder of the Borrower), no consent or approval of any landlord or mortgagee, no waiver of any Lien or right of distraint or other
similar right and no consent, license, certificate of need, approval, authorization or declaration of any governmental authority, bureau or agency, is or will be required in connection with the execution, delivery or performance by the Borrower of,
the extensions of credit under, or the validity or enforceability of, the Loan Documents, except as set forth on Schedule 3.2 hereto, each of which either has been duly and validly obtained on or prior to the date hereof and is now in full
force and effect, or is designated on Schedule 3.2 as waived by the Required Lenders. 
 Section 3.3 No Violation
of Law or Agreements. 
 The execution and delivery by the Borrower of each Loan Document to which it is a party, the
performance by it thereunder and the extensions of credit hereunder, will not violate any provision of law and will not conflict with or result in a breach of any order, writ, injunction, ordinance, resolution, decree, or other similar document or
instrument of any court or governmental authority, bureau or agency, domestic or foreign, or any certificate of incorporation or by-laws or other organizational document of the Borrower, or create (with or without the giving of notice or lapse of
time, or both) a default under or breach of any agreement, bond, note or indenture to which the Borrower is a party, or by which the Borrower is bound or any of its properties or assets is affected, except for such defaults and breaches which in the
aggregate could not have a Material Adverse Effect, or result in the imposition of any Lien of any nature whatsoever upon any of the properties or assets owned by or used in connection with the business of the Borrower. 

  
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 Section 3.4 Due Execution, Validity, Enforceability. 

This Agreement and each other Loan Document to which the Borrower is a party has been duly executed and delivered by the Borrower and
each constitutes the valid and legally binding obligation of the Borrower, enforceable in accordance with its terms, except as such enforcement may be limited by applicable bankruptcy, insolvency, reorganization, moratorium, or other similar laws,
now or hereafter in effect, relating to or affecting the enforcement of creditors’ rights generally and except that the remedy of specific performance and other equitable remedies are subject to judicial discretion. 

Section 3.5 Title to Properties. 
 Each of the Borrower and the Subsidiaries has good and marketable title in fee simple to, or valid leasehold interests in, all real property necessary or used in the ordinary course of its business,
except for such defects in title as could not, individually or in the aggregate, have a Material Adverse Effect. 
 Section
3.6 Judgments, Actions, Proceedings. 
 Except as set forth on Schedule 3.6 hereto, there are no outstanding
judgments, investigations, actions or proceedings, including, without limitation, any Environmental Proceeding, pending before any court or governmental authority, bureau or agency, with respect to or, to the best of the Borrower’s knowledge,
threatened against or affecting the Borrower or any of the Subsidiaries or any of their respective assets involving, in the case of any court proceeding, a claim in excess of $2,000,000, nor, to the best of the Borrower’s knowledge, is there
any reasonable basis for the institution of any such action or proceeding that is probable of assertion, nor are there any pending actions or proceedings in which the Borrower or any of the Subsidiaries is a plaintiff or complainant, involving, in
the case of any court proceeding, a claim in excess of $2,000,000. 
 Section 3.7 No Defaults, Compliance With Laws.

 Except as set forth on Schedule 3.7 hereto, none of the Borrower or any of the Subsidiaries is in default under
any agreement, ordinance, resolution, decree, bond, note, indenture, order or judgment to which it is a party or by which it is bound, or any other agreement or other instrument by which any of the properties or assets owned by it or used in the
conduct of its business is affected, which default could have a Material Adverse Effect. Each of the Borrower and the Subsidiaries has complied and is in compliance in all respects with all applicable laws, ordinances and regulations, resolutions,
ordinances, decrees, executive orders, judgments and other similar documents and instruments of all courts and governmental authorities, bureaus and agencies, domestic and foreign, including, without limitation, all applicable provisions of the
Americans with Disabilities Act (42 U.S.C. §12101-12213) and the regulations issued thereunder and all applicable Environmental Laws and Regulations, non-compliance with which could have a Material Adverse Effect. 

  
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 Section 3.8 Burdensome Documents. 

Except as set forth on Schedule 3.8 hereto, neither the Borrower nor any of the Subsidiaries is a party to or bound by, nor are
any of the properties or assets owned by any of them used in the conduct of its businesses affected by, any agreement, ordinance, resolution, decree, bond, note, indenture, order or judgment, including, without limitation, any of the foregoing
relating to any Environmental Liability, that materially and adversely affects their respective businesses, assets or conditions, financial or otherwise. 
 Section 3.9 Financial Statements; Projections. 
 (a) Each of the
Financial Statements is complete and presents fairly the consolidated financial position of the Borrower and its Subsidiaries as at its date and the consolidated results of operations of the Borrower and its Subsidiaries for the fiscal year of the
Borrower ended on such date, and has been prepared in accordance with GAAP. Neither the Borrower nor any of the Subsidiaries has any material obligation, liability or commitment, direct or contingent (including, without limitation, any Environmental
Liability), that is not reflected in the Financial Statements. There has been no material adverse change in the financial position or operations of the Borrower or any of the Subsidiaries since the date of the latest balance sheet included in the
Financial Statements (the “Latest Balance Sheet”). The Borrower’s fiscal year is the twelve-month period ending on December 31 in each year. 
 (b) The Projections have been prepared on the basis of the assumptions accompanying them and reflect as of the date thereof the Borrower’s good faith projections, after reasonable analysis, of the
matters set forth therein, based on such assumptions. 
 Section 3.10 Tax Returns. 

Each of the Borrower and the Subsidiaries has filed all federal, state and local tax returns required to be filed by it and has not
failed to pay any taxes, or interest and penalties relating thereto, on or before the due dates thereof, except where such failure to file or failure to pay could not, individually or in the aggregate, have a Material Adverse Effect. Except to the
extent that reserves therefor are reflected in the Financial Statements: (i) there are no material federal, state or local tax liabilities of the Borrower or any of the Subsidiaries, due or to become due for any tax year ended on or prior to
the date of the Latest Balance Sheet relating to such entity, whether incurred in respect of or measured by the income of such entity, that are not properly reflected in the Latest Balance Sheet relating to such entity, and (ii) there are no
material claims pending or, to the knowledge of the Borrower, proposed or threatened against the Borrower or any of the Subsidiaries for past federal, state or local taxes, except those, if any, as to which proper reserves are reflected in the
Financial Statements. 
 Section 3.11 Intangible Assets. 

Each of the Borrower and the Subsidiaries possesses all patents, trademarks, service marks, trade names, and copyrights, and rights with
respect to the foregoing, necessary to conduct its business as now conducted and as proposed to be conducted, without any conflict with the patents, trademarks, service marks, trade names, and copyrights and rights with respect to the foregoing, of
any other Person. 

  
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 Section 3.12 Regulation U. 

No part of the proceeds received by the Borrower from the Loans will be used directly or indirectly for: (a) any purpose other than
as set forth in Section 2.8, or (b) the purpose of purchasing or carrying, or for payment in full or in part of Indebtedness that was incurred for the purposes of purchasing or carrying, any “margin stock”, as such term is
defined in §221.3 of Regulation U of the Board of Governors of the Federal Reserve System, 12 C.F.R., Chapter II, Part 221. 
 Section 3.13 Name Changes, Mergers, Acquisitions. 
 Except as set
forth on Schedule 3.13 hereto, the Borrower has not within the six-year period immediately preceding the date of this Agreement changed its name, been the surviving entity of a merger or consolidation, or, except in the ordinary course of
business, acquired all or substantially all of the assets of any Person. 
 Section 3.14 Full Disclosure.

 Neither the Financial Statements nor any certificate, opinion, or any other statement made or furnished in writing to the
Administrative Agent or any Lender by or on behalf of the Borrower in connection with this Agreement or the transactions contemplated herein or pursuant hereto, contains any untrue statement of a material fact, or omits to state a material fact
necessary in order to make the statements contained therein or herein not misleading, as of the date such statement was made. There is no fact known to the Borrower that has, or would in the now foreseeable future have, a Material Adverse Effect,
which fact has not been set forth herein, in the Financial Statements, in filings with the Securities and Exchange Commission or in any certificate, opinion or other written statement so made or furnished to the Administrative Agent or the Lenders.

 Section 3.15 Licenses and Approvals. 
 (a) Each of the Borrower and the Subsidiaries has all necessary licenses, permits and governmental authorizations, including, without limitation, licenses, permits and authorizations arising under or
relating to Environmental Laws and Regulations, to own and operate its properties and to carry on its business as now conducted, the absence of which would have a Material Adverse Effect. 

(b) To the best of the Borrower’s knowledge, no violation exists of any applicable law pertaining to the ownership or operation of
any Facility of the Borrower or any Operator that would have a reasonable likelihood of leading to revocation of any license necessary for the operation of such Facility. 
 Section 3.16 ERISA. 
 (a) Except as set forth on Schedule
3.16 hereto, no Employee Benefit Plan is maintained or has ever been maintained by any Loan Party or any ERISA Affiliate, nor has any Loan Party or any ERISA Affiliate ever contributed to a Multiemployer Plan. 

  
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 (b) There are no agreements which will provide payments to any officer, employee,
shareholder or highly compensated individual which will be “parachute payments” under 280G of the Code that are nondeductible to any Loan Party and which will be subject to tax under Section 4999 of the Code for which any Loan Party
will have a material withholding liability. 
 Section 3.17 REIT Status. 

The Borrower currently has REIT Status and has maintained REIT Status on a continuous basis since its formation. None of the Subsidiaries
currently has REIT Status. 
 Section 3.18 OFAC. 

None of the Borrower or any Subsidiary: (i) is a person named on the list of Specially Designated Nationals or Blocked Persons
maintained by OFAC available at http://www.treas.gov/offices/enforcement/ofac/index.shtml or as otherwise published from time to time; (ii) is (A) an agency of the government of a country, (B) an organization controlled by a country,
or (C) a person resident in a country that is subject to a sanctions program identified on the list maintained by OFAC and available at www.treas.gov/offices/enforcement/ofac/index.shtml, or as otherwise published from time to time, as such
program may be applicable to such agency, organization or person; or (iii) derives any of its assets or operating income from investments in or transactions with any such country, agency, organization or person. None of the proceeds from any
Loan will be used to finance any operations, investments or activities in, or make any payments to, any such country, agency, organization, or person. 
 Article 4. Conditions to Extensions of Credit. 
 Section 4.1
Conditions to Initial Term Loan(s). 
 The obligations of the Lenders to make Term Loans hereunder shall not become
effective until the date on which each of the following conditions is satisfied (or waived in accordance with Section 10.6): 
 (a) The Administrative Agent shall have received: 
 (i) from each party hereto
either (A) a counterpart of this Agreement signed on behalf of such party, or (B) written evidence satisfactory to the Administrative Agent (which may include facsimile transmission of a signed signature page of this Agreement) that such
party has signed a counterpart of this Agreement; and 
 (ii) any promissory note requested by a Lender pursuant to
Section 2.4(a) payable to the order of each such requesting Lender. 
 (b) The Borrower shall have paid all fees and
expenses due and owing pursuant to the terms of, and in connection with, this Agreement for which the Borrower shall have been billed on or before the Effective Date, including, but not limited to, payment to the Administrative Agent (i) for
the account of the Lenders, of the Upfront Fee and (ii) for its own account, of the Agency Fee. 

  
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 (c) The Administrative Agent shall have received a written opinion (addressed to the
Administrative Agent and the Lenders and dated the Effective Date) from Shumaker, Loop & Kendrick, LLP, counsel to the Borrower, covering such matters relating to the Borrower and this Agreement as the Required Lenders shall reasonably
request. The Borrower hereby requests such counsel to deliver such opinion. 
 (d) The Administrative Agent shall have received
complete copies of the Financial Statements and the Projections, each certified as such in a certificate executed by an executive officer of the Borrower. 
 (e) The Administrative Agent shall have received copies of the following: 
 (i)
All of the consents, approvals and waivers referred to on Schedule 3.2 hereto (except only those which, as stated on Schedule 3.2, shall not be delivered); 
 (ii) The certificate of incorporation (or other organizational documents) of the Borrower, certified by the Secretary of State of its state of organization; 

(iii) The by-laws (or other organizational documents) of the Borrower, certified by its secretary; 

(iv) All action taken by the Borrower, corporate or otherwise, to authorize the execution, delivery and performance of each of the Loan
Documents to which it is a party and the transactions contemplated thereby, certified by its secretary; 
 (v) Good standing
certificates as of a recent date, with respect to the Borrower from the Secretary of State of its state of organization and each state in which it is qualified to do business; and 

(vi) An incumbency certificate (with specimen signatures) with respect to the Borrower. 

(f)     (i) The Borrower shall have complied and shall then be in compliance with all of the terms, covenants
and conditions of this Agreement; 
 (ii) After giving effect to the initial Term Loan there shall exist no Default or Event of
Default; and 
 (iii) The representations and warranties contained in Article 3 shall be true and correct on the Effective
Date; 
 and the borrowing by the Borrower of the initial Term Loan hereunder shall constitute a representation and warranty by the Borrower as
of the Effective Date that the conditions set forth in this Section 4.1(f) have been satisfied. 

  
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 (g) The Borrower shall have consummated the joint venture with Chartwell Seniors Housing
Trust in connection with the ownership and operation of a portfolio of 42 high-quality seniors housing and care communities in Canada. 
 (h) The Borrower shall have delivered to the Administrative Agent such reasonable documentation and other information required by bank regulatory authorities under applicable “know your
customer” and anti-money laundering rules and regulations, including without limitation the Patriot Act, to the extent reasonably requested by the Administrative Agent or any Lender. 

(i) All legal matters incident to the initial Loans shall be satisfactory to counsel to the Administrative Agent. 

Section 4.2 Additional Conditions. 
 The obligation of each Lender to make a Term Loan is subject to the satisfaction of the following additional conditions: 
 (a) The Borrower shall have delivered to the Administrative Agent a Borrowing Notice in accordance with Section 2.2. 
 (b) The Borrower shall have complied and shall then be in compliance with all of the terms, covenants and conditions of this Agreement; 

(i) At the time of and immediately after giving effect to such requested Loan there shall exist no Default or Event of Default; and

 (ii) The representations and warranties contained in Article 3 shall be true and correct on and as of such date as if made
on and as of such date (provided (A) Section 3.6 shall relate only to claims in excess of $5,000,000 as of such date and (B) for purposes of this Section 4.2, the representations and warranties contained in
Section 3.9(a), other than the penultimate sentence thereof, shall be deemed to refer to the most recent financial statements furnished pursuant to Sections 5.1 and 5.2); 
 Each borrowing shall be deemed to constitute a representation and warranty by the Borrower on the date thereof that the matters specified in this Section 4.2(b) have been satisfied. 

(c) All legal matters incident to such Term Loan shall be satisfactory to counsel to the Administrative Agent. 

Article 5. Delivery of Financial Reports, Documents and Other Information. 

Until the Term Loan Commitments have expired or been terminated and the principal of and interest on each Loan and all fees payable
hereunder shall have been paid in full, the Borrower shall deliver to each Lender: 

  
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 Section 5.1 Annual Financial Statements. 

Annually, as soon as available, but in any event within 90 days after the last day of each of its fiscal years, a consolidated balance
sheet of the Borrower and its Subsidiaries as at such last day of the fiscal year, and consolidated statements of income and retained earnings and statements of cash flow, for such fiscal year, each prepared in accordance with generally accepted
accounting principles consistently applied, in reasonable detail, and certified without qualification by a nationally recognized independent public accounting firm or by any other certified public accounting firm satisfactory to the Administrative
Agent as fairly presenting the financial position and results of operations of the Borrower and its Subsidiaries as at and for the year ending on its date and as having been prepared in accordance with GAAP; provided, however, the
Borrower may satisfy its obligations to deliver the financial statements described in this Section 5.1 by furnishing to the Lenders a copy of its annual report on Form 10-K in respect of such fiscal year together with the financial statements
required to be attached thereto, provided the Borrower is required to file such annual report on Form 10-K with the Securities and Exchange Commission and such filing is actually made. 

Section 5.2 Quarterly Financial Statements. 
 As soon as available, but in any event within 45 days after the end of each of the Borrower’s fiscal quarters, a consolidated balance sheet of the Borrower and the Subsidiaries as of the last day of
such quarter and consolidated statements of income and retained earnings and statements of cash flow, for such quarter, and on a comparative basis figures for the corresponding date or period of the immediately preceding fiscal year, all in
reasonable detail, each such statement to be certified in a certificate of the chief financial officer of the Borrower as accurately presenting the financial position and the results of operations of the Borrower and its Subsidiaries as at its date
and for such quarter and as having been prepared in accordance with GAAP (subject to year-end audit adjustments); provided, however, the Borrower may satisfy its obligations to deliver the financial statements described in this
Section 5.2 by furnishing to the Lenders a copy of its quarterly report on Form 10-Q in respect of such fiscal quarter together with the financial statements required to be attached thereto, provided the Borrower is required to file such
quarterly report on Form 10-Q with the Securities and Exchange Commission and such filing is actually made. 
 Section 5.3
Compliance Information. 
 Promptly after a written request therefor, such other financial data or information
evidencing compliance with the requirements of this Agreement, the Term Loan Notes and the other Loan Documents, as any Lender may reasonably request from time to time. 
 Section 5.4 Compliance Certificate. 
 At the same time as it
delivers the financial statements required under the provisions of Sections 5.1 and 5.2, a certificate of the chief executive officer or chief financial officer of the Borrower to the effect that no Default or Event of Default and that no default
under any other agreement to which the Borrower is a party or by which it is bound, or by which, to the best knowledge of the Borrower, any of its properties or assets, taken as a whole, may be

  
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materially affected, and no event which, with the giving of notice or the lapse of time, or both, would constitute such an Event of Default or default, exists, or, if such cannot be so certified,
specifying in reasonable detail the exceptions, if any, to such statement. Such certificate shall be accompanied by a detailed calculation indicating compliance with the covenants contained in Sections 6.9, 7.1(f), 7.8(d), and 7.14 in the form
annexed hereto as Exhibit C. 
 Section 5.5 Business Plan and Projections. 

Not later than January 31st in each year, copies of the Borrower’s business plan and financial projections for the upcoming
three (3) fiscal years (together with a copy in writing of the assumptions on which such business plan and projections were based), each certified by the Borrower’s chief financial officer and illustrating the projected income statements,
balance sheets and statements of changes in cash flow on a consolidated basis. 
 Section 5.6 Portfolio Information.

 (a) As soon as available but in any event not less than 45 days after the end of each fiscal quarter of the Borrower,
(i) a copy of the quarterly “HCN Supplemental Information” posted on the Borrower’s website (which includes financial information relating to the Borrower’s portfolio), or (ii) if such “HCN Supplemental
Information” is not available, a report, with respect to the quarterly period immediately prior to the fiscal quarter for which such report is submitted, containing financial information with respect to the Borrower’s portfolio in a form
substantially similar to that set forth in the most recently posted “HCN Supplemental Information”. 
 (b) Such other
information regarding the financial condition of the Operators as the Administrative Agent may from time to time reasonably request, subject to each of their agreement that all such information shall be and remain confidential and none of such
information may be distributed to any other Person without the Borrower’s prior consent. 
 Section 5.7
Accountants’ Reports. 
 Promptly upon receipt thereof, copies of all material reports submitted to the Borrower
by its independent accountants in connection with any annual or interim audit of the books of the Borrower or its Subsidiaries made by such accountants which material reports are a necessary part of such annual or interim audit. 

Section 5.8 Copies of Documents. 
 Promptly upon their becoming available, copies of any: (i) financial statements, non-routine reports and notices (other than routine correspondence), any of which are of a material nature, requests
for waivers and proxy statements, in each case, delivered by the Borrower or any of its Subsidiaries to any of their respective existing lending institutions or creditors; (ii) correspondence or notices received by the Borrower from any
federal, state or local governmental authority that regulates the operations of the Borrower or any of its Subsidiaries, relating to an actual or threatened change or development that would be materially adverse to the Borrower or any Subsidiary;
(iii) registration statements and any amendments and supplements thereto, and any regular and periodic reports, if any, filed by the Borrower or any of its 

  
 35 

 
Subsidiaries with any securities exchange or with the Securities and Exchange Commission or any governmental authority succeeding to any or all of the functions of the said Commission; and
(iv) at the request of the Administrative Agent, any appraisals received by the Borrower or any of its Subsidiaries with respect to the properties or assets of the Borrower or its Subsidiaries during the term of this Agreement. 

Section 5.9 Notices of Defaults. 
 Promptly, notice of the occurrence of any Default or Event of Default, or any event that would constitute or cause a Material Adverse Effect. 

Section 5.10 ERISA Notices and Requests. 
 (a) Concurrently with such filing, a copy of each Form 5500 that is filed with respect to each Plan with the IRS; and 
 (b) Promptly, upon their becoming available, copies of: (i) all correspondence with the PBGC, the Secretary of Labor or any representative of the Internal Revenue Service with respect to any Plan,
relating to an actual or threatened change or development that would be materially adverse to the Borrower; (ii) all actuarial valuations received by the Borrower with respect to any Plan; and (iii) any notices of Plan termination filed by
any Plan Administrator (as those terms are used in ERISA) with the PBGC and of any notices from the PBGC to the Borrower with respect to the intent of the PBGC to institute involuntary termination proceedings. 

Section 5.11 Additional Information. 
 Such other material additional information regarding the business, affairs and condition of the Borrower as the Administrative Agent may from time to time request, including, without limitation, as soon
as available but in any event not less than 45 days after the end of each fiscal quarter of the Borrower, schedules, in form and substance satisfactory to the Administrative Agent, with respect to the Borrower on a consolidated basis, of recorded
liabilities, unfunded commitments, contingent liabilities, any off balance sheet financings including synthetic lease transactions and sale-leaseback arrangements and other similar material items, in each case, covering such quarter. 

Article 6. Affirmative Covenants. 
 Until the Term Loan Commitments have expired or been terminated and the principal of and interest on each Loan and all fees payable hereunder shall have been paid in full, the Borrower shall, and if
applicable shall cause the Subsidiaries to: 
 Section 6.1 Books and Records. 

Keep proper books of record and account in a manner reasonably satisfactory to the Administrative Agent in which full and true entries
shall be made of all dealings or transactions in relation to its business and activities. 

  
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 Section 6.2 Inspections and Audits. 

Permit the Administrative Agent to make or cause to be made (prior to an Event of Default, at the Lenders’ expense and after the
occurrence of and during the continuance of an Event of Default, at the Borrower’s expense), inspections and audits of any books, records and papers of the Borrower or any Subsidiary and to make extracts therefrom and copies thereof, or to make
appraisals, inspections and examinations of any properties and facilities of the Borrower or any Subsidiary, on reasonable notice, at all such reasonable times and as often as any Lender may reasonably require, in order to assure that the Borrower
is and will be in compliance with its obligations under the Loan Documents or to evaluate the investment in the then Aggregate Exposures. Notwithstanding the foregoing, the Borrower agrees that the Administrative Agent shall be permitted to conduct
or cause to be conducted an annual field audit at the Borrower’s expense. 
 Section 6.3 Maintenance and Repairs.

 Cause to be maintained in good repair, working order and condition, subject to normal wear and tear, all material
properties and assets from time to time owned by the Borrower or any Subsidiary and used in or necessary for the operation of its businesses, and make or cause to be made all reasonable repairs, replacements, additions and improvements thereto.

 Section 6.4 Continuance of Business. 
 Do, or cause to be done, all things reasonably necessary to preserve and keep in full force and effect the corporate existence of the Borrower or any Subsidiary and all permits, rights and privileges
necessary for the proper conduct of its business, and continue to engage in the same line of business and comply in all material respects with all applicable laws, regulations and orders. 

Section 6.5 Copies of Corporate Documents. 
 Subject to the prohibitions set forth in Section 7.6, promptly deliver to the Administrative Agent copies of any amendments or modifications to the certificate of incorporation (or other applicable
organizational documents) and by-laws of the Borrower or any Subsidiary, certified with respect to the certificate of incorporation (or other organizational documents) by the Secretary of State of its state of incorporation and, with respect to the
by-laws, by the secretary or assistant secretary of such corporation. 
 Section 6.6 Perform Obligations.

 Pay and discharge all of the obligations and liabilities of the Borrower or any Subsidiary, including, without
limitation, all taxes, assessments and governmental charges upon its income and properties when due, unless and to the extent only that such obligations, liabilities, taxes, assessments and governmental charges shall be contested in good faith and
by appropriate proceedings and that, to the extent required by GAAP, proper and adequate book reserves relating thereto are established by the Borrower or any Subsidiary, and then only to the extent that a bond is filed in cases where the filing of
a bond is necessary to avoid the creation of a Lien against any of its properties. 

  
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 Section 6.7 Notice of Litigation. 

Promptly notify the Administrative Agent (which shall promptly notify each of the Lenders) in writing of any litigation, legal proceeding
or dispute, other than disputes in the ordinary course of business or, whether or not in the ordinary course of business, involving amounts in excess of $2,500,000, affecting the Borrower or any Subsidiary whether or not fully covered by insurance,
and regardless of the subject matter thereof (excluding, however, any actions relating to workers’ compensation claims or negligence claims relating to use of motor vehicles, if fully covered by insurance, subject to deductibles). 

Section 6.8 Insurance. 
 (a) (i) Maintain or cause to be maintained with responsible insurance companies reasonably acceptable to the Administrative Agent such insurance on the properties of the Borrower or any Subsidiary, in
such amounts and against such risks as is customarily maintained by similar businesses and cause each Operator to do so; (ii) file with the Administrative Agent upon its request a detailed list of the insurance then in effect, stating the names
of the insurance companies, the amounts and rates of the insurance, the dates of the expiration thereof and the properties and risks covered thereby; and (iii) within 10 days after notice in writing from the Administrative Agent, obtain such
additional insurance as the Administrative Agent may reasonably request; and 
 (b) Carry all insurance available through the
PBGC or any private insurance companies covering its obligations to the PBGC. 
 Section 6.9 Financial Covenants.

 Have or maintain, with respect to the Borrower, on a consolidated basis, as at the last day of each fiscal quarter of the
Borrower: 
 (a) a ratio of Funded Indebtedness to the sum of (x) Tangible Net Worth, plus (y) Funded Indebtedness
(the “Leverage Ratio”) of not more than 0.60:1.00; provided, however, from and after the consummation of a Significant Acquisition, so long as no Default or Event of Default shall then exist or would exist after giving
effect to such Significant Acquisition, the Leverage Ratio may be increased to not more than 0.65:1.00 for the full fiscal quarter in which such Significant Acquisition is consummated and the two consecutive full fiscal quarters immediately
succeeding such fiscal quarter. 
 (b) Tangible Net Worth of not less than $5,500,000,000. 

(c) a Fixed Charge Coverage of not less than 150%. 
 (d) a ratio of unsecured Indebtedness to Unencumbered Assets of not more than 0.60 to 1.00; provided, however, from and after the consummation of a Significant Acquisition, so long as no
Default or Event of Default shall then exist or would exist after giving 

  
 38 

 
effect to such Significant Acquisition, such ratio may be increased to not more than 0.65:1.00 for the full fiscal quarter in which such Significant Acquisition is consummated and the two
consecutive full fiscal quarters immediately succeeding such fiscal quarter. 
 Section 6.10 Notice of Certain Events.

 (a) Promptly notify the Administrative Agent in writing of the occurrence of any Reportable Event, as defined in
Section 4043 of ERISA, if a notice of such Reportable Event is required under ERISA to be delivered to the PBGC within 30 days after the occurrence thereof, together with a description of such Reportable Event and a statement of the action the
Borrower or the applicable ERISA Affiliate intends to take with respect thereto, together with a copy of the notice thereof given to the PBGC. 
 (b) Promptly notify the Administrative Agent in writing if the Borrower or an ERISA Affiliate receives an assessment of withdrawal liability in connection with a complete or partial withdrawal with
respect to any Multiemployer Plan, together with a statement of the action that the Borrower or such ERISA Affiliate intends to take with respect thereto. 
 (c) Promptly notify the Administrative Agent in writing if the Borrower receives: (i) any notice of any violation or administrative or judicial complaint or order having been filed or about to be
filed against the Borrower alleging violations of any Environmental Law and Regulation, or (ii) any notice from any governmental body or any other Person alleging that the Borrower is or may be subject to any Environmental Liability; and
promptly upon receipt thereof, provide the Administrative Agent with a copy of such notice together with a statement of the action the Borrower intends to take with respect thereto. 

Section 6.11 Comply with ERISA. 
 Comply with all applicable provisions of ERISA and the Code now or hereafter in effect, the failure to comply with which would cause a Material Adverse Effect. 

Section 6.12 Environmental Compliance. 
 Operate or cause to be operated all property owned, operated or leased by the Borrower and the Subsidiaries in compliance with all Environmental Laws and Regulations, such that no Environmental Liability
arises under any Environmental Laws and Regulations, which would result in a Lien on any property of any of them. 
 Section
6.13 Maintenance of REIT Status; 
    Listing on National Securities Exchange. 

Maintain its REIT Status and continue to list the common stock of the Borrower for trading on a U.S. national securities exchange.

  
 39 

 Article 7. Negative Covenants. 

Until the Term Loan Commitments have expired or been terminated and the principal of and interest on each Loan and all fees payable
hereunder shall have been paid in full, the Borrower shall not and shall not permit any of its Subsidiaries to do, agree to do, or permit to be done, any of the following: 
 Section 7.1 Indebtedness. 
 Create, incur, permit to exist or have
outstanding any Indebtedness, except: 
 (a) Indebtedness created hereunder; 

(b) Taxes, assessments and governmental charges, non-interest bearing accounts payable and accrued liabilities, in any case not more
than 90 days past due from the original due date thereof (unless the failure to satisfy such obligations is pursuant to a good faith contest by appropriate dispute or other proceedings as set forth in Section 6.6), and non-interest bearing
deferred liabilities other than for borrowed money (e.g., deferred compensation and deferred taxes), in each case incurred and continuing in the ordinary course of business; 
 (c) Indebtedness secured by the security interests referred to in Section 7.2(b); 
 (d) Intentionally Omitted; 
 (e) Unsecured Indebtedness including Indebtedness
under the Fifth Amended and Restated Loan Agreement; 
 (f) In addition to the Indebtedness otherwise permitted under this
Section 7.1, Indebtedness secured by Liens provided that (x) no Default or Event of Default then exists, and (y) immediately after giving effect to the incurrence of such Indebtedness, (i) no Default or Event of
Default will occur, and (ii) the total outstanding amount of such Indebtedness of the Borrower, on a consolidated basis, plus the total outstanding amount of Indebtedness permitted under Section 7.1(c), does not exceed 30% of Consolidated
Total Assets as of any date of determination thereof; and 
 (g) As set forth on Schedule 7.1 hereto. 

Section 7.2 Liens. 
 Create, or assume or permit to exist, any Lien on any of the properties or assets of the Borrower or any of its Subsidiaries, whether now owned or hereafter acquired, except: 

(a) Permitted Liens; 
 (b) Purchase money Liens on property acquired or held by the Borrower or its Subsidiaries in the ordinary course of business, securing Indebtedness incurred or assumed for the purpose of financing all or
any part of the cost of acquiring such property; provided that (i) any such Lien attaches to such property concurrently with or within 20 days 

  
 40 

 
after the acquisition thereof, (ii) such Lien attaches solely to the property so acquired in such transaction, (iii) the principal amount of the debt secured thereby does not exceed
100% of the cost of such property, and (iv) the aggregate amount of all such Indebtedness on a consolidated basis for the Borrower and its Subsidiaries shall not at any time exceed $1,000,000.00; 

(c) Liens securing Indebtedness created after the Effective Date and permitted under Section 7.1(f); and 

(d) As set forth on Schedule 7.2 hereto. 
 Section 7.3 Intentionally Omitted. 
 Section 7.4 Mergers,
Acquisitions. 
 Merge or consolidate with any Person, or acquire all or substantially all of the assets or any of the
capital stock or other equity interests of any Person, unless (a) immediately after giving effect thereto, the Borrower is the surviving entity or the merger or consolidation is a Merger with No Actual Change in Control, (b) no Default or
Event of Default exists or will occur after giving effect thereto, and (c) the approval of the stockholders of the Borrower is not required under Section 312.03(c) of the New York Stock Exchange’s Listed Company Manual or any
successor provision of such manual. 
 Section 7.5 Distributions. 

Declare or pay any dividends or make any distribution of any kind on the Borrower’s outstanding stock, or set aside any sum for any
such purpose, except that: 
 (a) the Borrower may declare and make dividend payments or other distributions payable solely in
its common stock; 
 (b) the Borrower may declare and pay cash dividends if, and only if at the time of such payment and after
giving effect thereto, no Event of Default shall exist hereunder; and 
 (c) if a Default or an Event of Default exists or will
occur as a result of the dividend payment, the Borrower may declare and pay dividends to the minimum extent necessary (taking into account any dividends or distributions otherwise made including under Section 7.5(b)) to generate the minimum
deduction for dividends paid during each year that would be required to satisfy Section 857(a)(1) of the Code. 

Section 7.6 Changes in Structure. 
 Amend, supplement or modify the certificate of incorporation or by-laws (or other applicable organizational documents) of the Borrower or any Subsidiary in a manner which would be reasonably likely to
cause a Material Adverse Effect. 

  
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 Section 7.7 Disposition of Assets. 

Make any Disposition of Property, or enter into any agreement to do so, unless at the time of the Disposition and after giving effect
thereto, no Default or Event of Default exists. 
 Section 7.8 Investments. 

Make, or suffer to exist, any Investment in any Person, including, without limitation, any shareholder, director, officer or employee of
the Borrower or any of its Subsidiaries, except: 
 (a) Investments in: 

(i) direct obligations of the United States of America or of any agency or instrumentality thereof whose obligations constitute full
faith and credit obligations of the United States of America, provided that any such obligations shall mature within one year of the date of issuance thereof; 
 (ii) commercial paper rated at least P-1 by Moody’s and at least A-1 by S&P maturing within one year of the date of issuance thereof; 

(iii) certificates of deposit issued by any Lender or by any United States commercial bank having capital and surplus of not less than
$500,000,000 which have a maturity of one year or less; 
 (iv) repurchase obligations with a term of not more than 7 days for
underlying securities of the types described in subsection (i) above entered into with any bank meeting the qualifications specified in subsection (iii) above, provided all such agreements require physical delivery of the securities
securing such repurchase agreement, except those delivered through the Federal Reserve Book Entry System; and 
 (v) money
market funds that invest solely, and which are restricted by their respective charters to invest solely, in investments of the type described in the immediately preceding subsections (i), (ii), (iii), and (iv). 

(b) Investments by the Borrower in any Subsidiary, and by any Subsidiary in the Borrower or another Subsidiary. 

(c) The acquisition by the Borrower and its Subsidiaries, on a consolidated basis, of Facilities and Mortgages and any real estate,
whether developed or undeveloped, that the Borrower intends to principally use for a Facility, and subject to Section 7.8(d), Investments in Operators in the ordinary course of business. 

(d) Investments not otherwise permitted by this Agreement in any Person provided that the aggregate Cash portion of all
such Investments does not exceed an amount equal to 25% of Consolidated Total Assets as at any date of determination thereof, prior to giving effect to any such Investment. 

  
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 For purposes of Section 7.8(a)-(d) and Section 7.12, “Investments” shall mean, by
any Person: 
 (i) the amount paid or committed to be paid, or the value of property or services contributed or committed to be
contributed, by such Person for or in connection with the acquisition by such Person of any stock, bonds, notes, debentures, partnership or other ownership interests or other securities of any other Person; and 

(ii) the amount of any advance, loan or extension of credit by such Person, to any other Person, or guaranty or other similar obligation
of such Person with respect to any Indebtedness of such other Person, and (without duplication) any amount committed to be advanced, loaned, or extended by such Person to any other Person, or any amount the payment of which is committed to be
assured by a guaranty or similar obligation by such Person for the benefit of, such other Person. 
 Section 7.9 Fiscal
Year. 
 Change its fiscal year. 
 Section 7.10 ERISA Obligations. 
 Permit the establishment of any
Employee Benefit Plan or amend any Employee Benefit Plan which establishment or amendment could result in liability to any Loan Party or increase the obligation for post-retirement welfare benefits of any Loan Party which liability or increase,
individually or together with all similar liabilities and increases, has a Material Adverse Effect. 
 Section 7.11
Intentionally Omitted. 
 Section 7.12 Transactions with Affiliates. 

Except as expressly permitted by this Agreement, directly or indirectly: (a) make any Investment in an Affiliate; (b) transfer,
sell, lease, assign or otherwise dispose of any assets to an Affiliate; (c) merge into or consolidate with or purchase or acquire assets from an Affiliate; or (d) enter into any other transaction directly or indirectly with or for the
benefit of any Affiliate (including, without limitation, guarantees and assumptions of obligations of an Affiliate); provided, however, that: (i) payments on Investments expressly permitted by Section 7.8 may be made,
(ii) any Affiliate who is a natural person may serve as an employee or director of the Borrower or any Subsidiary and receive reasonable compensation for his services in such capacity, and (iii) the Borrower or any Subsidiary may enter
into any transaction with an Affiliate providing for the leasing of property, the rendering or receipt of services or the purchase or sale of product, inventory and other assets in the ordinary course of business if the monetary or business
consideration arising therefrom would be substantially as advantageous to the Borrower or a Subsidiary as the monetary or business consideration that would obtain in a comparable arm’s length transaction with a Person not an Affiliate.

  
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 Section 7.13 Hazardous Material. 

Cause or permit: (i) any Hazardous Material to be placed, held, located or disposed of on, under or at any Facility or any part
thereof, except for such Hazardous Materials that are necessary for the Borrower’s or any Subsidiary’s or any Operator’s operation of its business thereon and which shall be used, stored, treated and disposed of in compliance with all
applicable Environmental Laws and Regulations or (ii) such Facility or any part thereof to be used as a collection, storage, treatment or disposal site for any Hazardous Material. The Borrower and each Subsidiary acknowledges and agrees that
the Administrative Agent and the Lenders shall have no liability or responsibility for either: 
 (i) damage, loss or injury to
human health, the environment or natural resources caused by the presence, disposal, release or threatened release of Hazardous Materials on any part of such Facility; or 
 (ii) abatement and/or clean-up required under any applicable Environmental Laws and Regulations for a release, threatened release or disposal of any Hazardous Materials located at any Facility or used by
or in connection with the Borrower’s or any Subsidiary’s or any Operator’s business. 
 Section 7.14
Construction Investments. 
 Permit the outstanding principal amount, accrued interest on and related fees in
connection with its Construction Investments to exceed an amount equal to 35% of Consolidated Total Assets; provided, the Borrower shall not make a Construction Investment for a Facility unless (i) there is included in the terms thereof
an agreement for the conversion of the Borrower’s interests in such Facility upon the completion thereof into full ownership or a mortgage interest, and (ii) if a mortgage interest, the Borrower shall retain a first Lien on such Facility.

 Article 8. Events of Default. 
 If any one or more of the following events (“Events of Default”) shall occur and be continuing, the Term Loan Commitments shall terminate and the entire unpaid balance of the principal of
and interest on the Loans outstanding and all other Obligations and Indebtedness of the Borrower to the Lenders and the Administrative Agent arising hereunder and under the other Loan Documents shall immediately become due and payable upon written
notice to that effect given to the Borrower by the Administrative Agent (except that in the case of the occurrence of any Event of Default described in Section 8.6 no such notice shall be required), without presentment or demand for payment,
notice of non-payment, protest or further notice or demand of any kind, all of which are expressly waived by the Borrower: 

Section 8.1 Payments. 
 Failure by the Borrower to make any payment or mandatory prepayment of principal of or interest on any Loan or to make any payment of any Fee, in each case, when and as the same shall become due and
payable, whether at the due date thereof or at a date fixed for prepayment thereof or otherwise; or 

  
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 Section 8.2 Certain Covenants. 

Failure by the Borrower to perform or observe any of the agreements of the Borrower contained in Section 5.9, Section 6.9 or
Article 7; or 
 Section 8.3 Other Covenants. 

Failure by the Borrower to perform or observe any other term, condition or covenant of this Agreement or of any of the other Loan
Documents to which it is a party, which shall remain unremedied for a period of 30 days after notice thereof shall have been given to the Borrower by the Administrative Agent; or 

Section 8.4 Other Defaults. 
 (a) the Borrower or any Subsidiary shall fail (after giving effect to any notice or grace periods) to make any payment when due (whether of principal or interest and regardless of amount) in respect of
any Material Indebtedness; or 
 (b) any event or condition occurs that results in any Material Indebtedness becoming due prior
to its scheduled maturity or that enables or permits (with or without the giving of notice, the lapse of time or both) the holder or holders of any Material Indebtedness or any trustee or agent on its or their behalf to cause any Material
Indebtedness to become due, or to require the prepayment, repurchase, redemption or defeasance thereof, prior to its scheduled maturity or redemption date; or 
 Section 8.5 Representations and Warranties. 
 Any representation or
warranty made in writing or deemed made (pursuant to Section 4.2(b)) to the Lenders or the Administrative Agent in any of the Loan Documents or in connection with the making of the Loans, or any certificate, statement or report made or
delivered in compliance with this Agreement, shall have been false or misleading in any material respect when made, deemed made or delivered; or 
 Section 8.6 Bankruptcy. 
 (a) The Borrower shall make an assignment
for the benefit of creditors, file a petition in bankruptcy, be adjudicated insolvent, petition or apply to any tribunal for the appointment of a receiver, custodian, or any trustee for it or a substantial part of its assets, or shall commence any
proceeding under any bankruptcy, reorganization, arrangement, readjustment of debt, dissolution or liquidation law or statute of any jurisdiction, whether now or hereafter in effect, or the Borrower shall take any corporate action to authorize any
of the foregoing actions; or there shall have been filed any such petition or application, or any such proceeding shall have been commenced against it, that remains undismissed for a period of 60 days or more; or any order for relief shall be
entered in any such proceeding; or the Borrower by any act or omission shall indicate its consent to, approval of or acquiescence in any such petition, application or proceeding or the appointment of a custodian, receiver or any trustee for it or
any substantial part of its properties, or shall suffer any custodianship, receivership or trusteeship to continue undischarged for a period of 30 days or more; or 

  
 45 

 (b) The Borrower shall generally not pay its debts as such debts become due; or 

(c) The Borrower shall have concealed, removed, or permitted to be concealed or removed, any part of its property, with intent to
hinder, delay or defraud its creditors or any of them or made or suffered a transfer of any of its property that may be fraudulent under any bankruptcy, fraudulent conveyance or similar law; or shall have made any transfer of its property to or for
the benefit of a creditor at a time when other creditors similarly situated have not been paid; or shall have suffered or permitted, while insolvent, any creditor to obtain a Lien upon any of its property through legal proceedings or distraint that
is not vacated within 30 days from the date thereof; or 
 Section 8.7 Judgments. 

Any judgment against the Borrower or any Subsidiary or any attachment, levy or execution against any of its properties for any amount in
excess of $10,000,000 shall remain unpaid, unstayed on appeal, undischarged, unbonded or undismissed for a period of 30 days or more; or 
 Section 8.8 ERISA. 
 (a) The termination of any Plan or the
institution by the PBGC of proceedings for the involuntary termination of any Plan, in either case, by reason of, or that results or could result in, a “material accumulated funding deficiency” under Section 412 of the Code; or

 (b) Failure by the Borrower or any Subsidiary to make required contributions, in accordance with the applicable provisions
of ERISA, to each of the Plans hereafter established or assumed by it; or 
 Section 8.9 Material Adverse Effect.

 There shall occur a Material Adverse Effect; or 
 Section 8.10 Ownership. 
 (i) Any Person, or a group of related
Persons, shall acquire, except in the case of a Merger with No Actual Change in Control, (A) beneficial ownership in excess of 25% of the outstanding stock of the Borrower or other voting interest having ordinary voting powers to elect a
majority of the directors, managers or trustees of the Borrower (irrespective of whether at such time stock of any other class or classes shall have or might have voting power by reason of the happening of any contingency), or (B) all or
substantially all of the Investments of the Borrower, or (ii) a majority of the Board of Directors of the Borrower, at any time, shall be composed of Persons other than (A) Persons who were members of the Board of Directors on the date of
this Agreement, or (B) Persons who subsequently become members of the Board of Directors and who either (1) are appointed or recommended for election with the affirmative vote of a majority of the directors in office as of the date of this
Agreement, or (2) are appointed or recommended for election with the affirmative vote of a majority of the Board of Directors of the Borrower then in office; or 

  
 46 

 Section 8.11 REIT Status, Etc. 

The Borrower shall at any time fail to maintain its REIT Status, or the Borrower or any Subsidiary shall lose, through suspension,
termination, impoundment, revocation, failure to renew or otherwise, any material license or permit; or 
 Section 8.12
Environmental. 
 The Borrower or any Subsidiary or any of their respective Facilities shall become subject to one or
more Liens for costs or damages in excess of $1,000,000 individually or in the aggregate under any Environmental Laws and Regulations, such Liens shall remain in place for 30 days after the creation thereof and such Liens are reasonably likely to
cause a Material Adverse Effect; or 
 Section 8.13 Default by Operator. 

Thirty (30) days after the acceleration by the Borrower or any Subsidiary of the obligations of an Operator as a result of any
default in the payment of amounts which are due and owing under any lease, note, mortgage or related security documents in connection with any Facility of such Operator (such Facility, herein referred to as the “Defaulted
Facility”), in the event the Lease Rental Expense and/or Mortgage Expense arising from the Defaulted Facility accounts for 20% or more of the aggregate amount of all Lease Rental Expense and/or Mortgage Expense owing to the Borrower and the
Subsidiaries from all Operators during the immediately preceding four calendar quarters. 
 Article 9. The Administrative
Agent. 
 Section 9.1 Appointment, Powers and Immunities. 

Each Lender hereby irrevocably appoints and authorizes the Administrative Agent to act as its agent hereunder and under the other Loan
Documents with such powers as are specifically delegated to the Administrative Agent by the terms of this Agreement and the other Loan Documents together with such other powers as are reasonably incidental thereto. The Administrative Agent shall
have no duties or responsibilities except those expressly set forth in this Agreement and the other Loan Documents and shall not be a trustee for any Lender. The Administrative Agent shall not be responsible to the Lenders for any recitals,
statements, representations or warranties contained in this Agreement or the other Loan Documents in any certificate or other document referred to or provided for in, or received by any of them under, this Agreement or the other Loan Documents, or
for the value, validity, effectiveness, genuineness, enforceability or sufficiency of this Agreement or the other Loan Documents or any other document referred to or provided for herein or therein or for the collectability of the Loans or for any
failure by the Borrower to perform any of its obligations hereunder or under the other Loan Documents. The Administrative Agent may employ agents and attorneys-in-fact and shall not be answerable, except as to money or securities received by it or
its authorized agents, for the negligence or misconduct of any such agents or attorneys-in-fact selected by it with reasonable 

  
 47 

 
care. Neither the Administrative Agent nor any of its directors, officers, employees or agents shall be liable or responsible for any action taken or omitted to be taken by it or them hereunder
or the other Loan Documents or in connection herewith or therewith, except for its or their own gross negligence or willful misconduct. 
 Section 9.2 Reliance by Agent. 
 The Administrative Agent shall be
entitled to rely upon any certification, notice or other communication (including any thereof by telephone, telex, telegram or cable) believed by it to be genuine and correct and to have been signed or sent by or on behalf of the proper person or
persons, and upon advice and statements of legal counsel, independent accountants and other experts selected by the Administrative Agent. As to any matters not expressly provided for by this Agreement or the other Loan Documents, the Administrative
Agent shall in all cases be fully protected in acting, or in refraining from acting, hereunder or the other Loan Documents in accordance with instructions signed by the Required Lenders, and such instructions of the Required Lenders and any action
taken or failure to act pursuant thereto shall be binding on all of the Lenders. 
 Section 9.3 Events of Default.

 The Administrative Agent shall not be deemed to have knowledge of the occurrence of a Default or Event of Default (other than
the non-payment of principal of or interest on Loans) unless the Administrative Agent has received notice from a Lender or the Borrower specifying such Default or Event of Default and stating that such notice is a “Notice of Default”. In
the event that the Administrative Agent receives such a notice of the occurrence of a Default or an Event of Default, the Administrative Agent shall give notice thereof to the Lenders (and shall give each Lender notice of each such non-payment). The
Administrative Agent shall (subject to Section 9.7) take such action with respect to such Default or Event of Default as shall be directed in writing by the Required Lenders (or all of the Lenders, if required by the terms of this Agreement).

 Section 9.4 Rights as a Lender. 
 With respect to its Term Loan Commitment and the Loans made by it, the Person serving as the Administrative Agent in its capacity as a Lender hereunder shall have the same rights and powers hereunder as
any other Lender and may exercise the same as though it were not acting as the Administrative Agent, and the term “Lender” or “Lenders” shall, unless the context otherwise indicates, include the Person serving as the
Administrative Agent in its individual capacity. The Person serving as the Administrative Agent and its Affiliates may (without having to account therefor to any Lender) accept deposits from, lend money to and generally engage in any kind of
banking, trust or other business with the Borrower or its Affiliates, as if it were not acting as the Administrative Agent, and the Person serving as the Administrative Agent may accept fees and other consideration from the Borrower or its
Affiliates, for services in connection with this Agreement or any of the other Loan Documents or otherwise without having to account for the same to the Lenders. 

  
 48 

 Section 9.5 Indemnification. 

The Lenders shall severally indemnify the Administrative Agent (to the extent not reimbursed by the Borrower under Sections 10.1 and
10.2), ratably in accordance with the aggregate principal amount of the Loans made by the Lenders (or, if no Loans are at the time outstanding, ratably in accordance with their respective Term Loan Commitments), for any and all liabilities,
obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind and nature whatsoever that may be imposed on, incurred by or asserted against the Administrative Agent in any way relating to or arising
out of this Agreement or any of the other Loan Documents or any other documents contemplated by or referred to herein or therein or the transactions contemplated by or referred to herein or therein or the transactions contemplated hereby and thereby
(including, without limitation, the costs and expenses that the Borrower is obligated to pay under Sections 10.1 and 10.2, but excluding normal administrative costs and expenses incident to the performance of its agency duties hereunder) or the
enforcement of any of the terms hereof or of any such other documents, provided that no Lender shall be liable for any of the foregoing to the extent they arise from the gross negligence or willful misconduct of the party to be
indemnified. 
 Section 9.6 Non-Reliance on Agent and other Lenders. 

Each Lender agrees that it has, independently and without reliance on the Administrative Agent or any other Lender, and based on such
documents and information as it has deemed appropriate, made its own credit analysis of the Borrower and decision to enter into this Agreement and that it will, independently and without reliance upon the Administrative Agent or any other Lender,
and based on such documents and information as it shall deem appropriate at the time, continue to make its own analysis and decisions in taking or not taking action under this Agreement or the other Loan Documents. The Administrative Agent shall not
be required to keep itself informed as to the performance or observance by the Borrower of this Agreement or the other Loan Documents or any other document referred to or provided for herein or therein or to inspect the properties or books of the
Borrower. Except for notices, reports and other documents and information expressly required to be furnished to the Lenders by the Administrative Agent hereunder or under the other Loan Documents, the Administrative Agent shall not have any duty or
responsibility to provide any Lender with any credit or other information concerning the affairs, financial condition or business of the Borrower, that may come into the possession of the Administrative Agent or any of its Affiliates. 

Section 9.7 Failure to Act. 
 Except for action expressly required of the Administrative Agent hereunder, the Administrative Agent shall in all cases be fully justified in failing or refusing to act hereunder or thereunder unless it
shall be indemnified to its satisfaction by the Lenders against any and all liability and expense (other than any liability or expense that results from its gross negligence or willful misconduct) that may be incurred by it by reason of taking or
continuing to take any such action. 

  
 49 

 Section 9.8 Resignation or Removal of Agent. 

Subject to the appointment and acceptance of a successor Administrative Agent as provided below, the Administrative Agent may resign at
any time by giving not less than 30 days’ prior written notice thereof to the Lenders and the Borrower and the Administrative Agent may be removed at any time with or without cause by the Required Lenders subject to the approval (not to be
unreasonably withheld or delayed) of the Borrower (unless an Event of Default has occurred and is continuing). Upon any such resignation or removal, the Required Lenders shall have the right to appoint a successor Administrative Agent. If no
successor Administrative Agent shall have been so appointed by the Required Lenders and shall have accepted such appointment within 30 days after the retiring Administrative Agent’s giving of notice of resignation or the Required Lenders’
removal of the retiring Administrative Agent, then the retiring Administrative Agent may, on behalf of the Lenders, after consultation with the Borrower, appoint a successor Administrative Agent which shall be a bank with a combined capital and
surplus of at least $100,000,000. Upon the acceptance of any appointment as Administrative Agent hereunder by a successor Administrative Agent, such successor Administrative Agent shall thereupon succeed to and become vested with all the rights,
powers, privileges and duties of the retiring Administrative Agent, and the retiring Administrative Agent shall be discharged from its duties and obligations hereunder. After any retiring Administrative Agent’s resignation or removal hereunder
as Administrative Agent, the provisions of this Article 9 shall continue in effect for its benefit in respect of any actions taken or omitted to be taken by it while it was acting as the Administrative Agent. 

Section 9.9 Sharing of Payments. 
 (a) Prior to any acceleration by the Administrative Agent and the Lenders of the Obligations: 
 (i) in the event that any Lender shall obtain payment in respect of a Term Loan, or interest thereon, whether voluntarily or involuntarily, and whether through the exercise of a right of banker’s
lien, set-off or counterclaim against the Borrower or otherwise, in a greater proportion than any such payment obtained by any other Lender in respect of the corresponding Term Loan held by it, then the Lender so receiving such greater proportionate
payment shall purchase for cash from the other Lender or Lenders such portion of each such other Lender’s or Lenders’ Term Loans as shall be necessary to cause such Lender receiving the proportionate overpayment to share the excess payment
with each Lender; and 
 (ii) in the event that any Lender shall obtain payment in respect of any Interest Rate Contract to
which such Lender is a party, whether voluntarily or involuntarily, and whether through the exercise of a right of banker’s lien, set-off or counterclaim against the Borrower or otherwise, such Lender shall be permitted to retain the full
amount of such payment and shall not be required to share such payment with any other Lender. 
 (b) Upon or following any
acceleration by the Administrative Agent and the Lenders of the Obligations, in the event that any Lender shall obtain payment in respect of a Term Loan, or interest thereon or Fees, or in respect of an Interest Rate Contract to which such Lender is
a party, whether voluntarily or involuntarily, and whether through the exercise of 

  
 50 

 
a right of banker’s lien, set-off or counterclaim against the Borrower or otherwise, in a greater proportion than any such payment obtained by any other Lender in respect of the aggregate
amount of the corresponding Term Loan held by such Lender and any Interest Rate Contract to which such Lender is a party, then the Lender so receiving such greater proportionate payment shall purchase for cash from the other Lender or Lenders such
portion of each such other Lender’s or Lenders’ Loans as shall be necessary to cause such Lender receiving the proportionate overpayment to share the excess payment with each Lender. For the purposes of this Section 9.9(b), payments
on Term Loans received by each Lender shall be in the same proportion as the proportion of: (A) the sum of: (x) the Aggregate Exposure of such Lender, plus (y) the Obligations owing to such Lender in respect of Interest Rate Contracts
to which such Lender is party, if any, to (B) the sum of: (x) the Total Aggregate Exposure, plus (y) the Obligations owing to all of the Lenders in respect of all Interest Rate Contracts to which any Lender is a party;
provided, however, that, with respect to Sections 9.9(a)(i) and (b), if all or any portion of such excess payment or benefits is thereafter recovered from the Lender that received the proportionate overpayment, such purchase of Term
Loans or payment of benefits, as the case may be, shall be rescinded, and the purchase price and benefits returned, to the extent of such recovery, but without interest. 
 Section 9.10 No Other Duties, Etc. 
 Anything herein to the contrary
notwithstanding, none of the bookrunners, arrangers, syndication agents, documentation agents or co-agents listed on the cover page hereof shall have any powers, duties or responsibilities under this Agreement or any of the other Loan Documents,
except in its capacity, as applicable, as the Administrative Agent or a Lender hereunder. 
 Article 10. Miscellaneous
Provisions. 
 Section 10.1 Fees and Expenses; Indemnity. 

(a) The Borrower will promptly pay all costs of the Administrative Agent in preparing the Loan Documents and all costs and expenses of
the issue of the Term Loan Notes and of the Borrower’s performance of and compliance with all agreements and conditions contained herein on its part to be performed or complied with and the reasonable fees and expenses and disbursements of
counsel to the Administrative Agent in connection with the preparation, execution and delivery, administration, interpretation and enforcement of this Agreement, the other Loan Documents and all other agreements, instruments and documents relating
to this transaction, the consummation of the transactions contemplated by all such documents, the preservation of all rights of the Lenders and the Administrative Agent, the negotiation, preparation, execution and delivery of any amendment,
modification or supplement of or to, or any consent or waiver under, any such document (or any such instrument that is proposed but not executed and delivered) and with any claim or action threatened, made or brought against any of the Lenders or
the Administrative Agent arising out of or relating to any extent to this Agreement, the other Loan Documents or the transactions contemplated hereby or thereby (other than a claim or action resulting from the gross negligence, willful misconduct,
or intentional violation of law by the Administrative Agent and/or the Lenders). 

  
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 (b) In addition, the Borrower will promptly pay all costs and expenses (including, without
limitation, reasonable fees and disbursements of counsel) suffered or incurred by each Lender in connection with its enforcement of the payment of the Term Loan Notes held by it or any other sum due it under this Agreement or any of the other Loan
Documents or any of its other rights hereunder or thereunder. In addition to the foregoing, the Borrower shall indemnify each Lender and the Administrative Agent and each of their respective Related Parties against, and hold each of them harmless
from, any losses, liabilities, damages, penalties, claims, costs and expenses (including reasonable attorneys’ fees and disbursements) suffered or incurred by any of them arising out of, resulting from or in any manner connected with, the
execution, delivery and performance of each of the Loan Documents, the Loans and any and all transactions related to or consummated in connection with the Loans (other than as a result of the gross negligence, willful misconduct or intentional
violation of law by the party seeking indemnification), including, without limitation, losses, liabilities, damages, penalties, claims, costs and expenses suffered or incurred by any Lender or the Administrative Agent or any of their respective
Related Parties arising out of or related to any Environmental Liability or Environmental Proceeding, or in investigating, preparing for, defending against, or providing evidence, producing documents or taking any other action in respect of any
commenced or threatened litigation, administrative proceeding or investigation under any federal securities law or any other statute of any jurisdiction, or any regulation, or at common law or otherwise against the Administrative Agent, the Lenders
or any of their Related Parties, that is alleged to arise out of or is based upon: (i) any untrue statement or alleged untrue statement of any material fact of the Borrower and its affiliates in any document or schedule filed with the
Securities and Exchange Commission or any other Governmental Authority; (ii) any omission or alleged omission to state any material fact required to be stated in such document or schedule, or necessary to make the statements made therein, in
light of the circumstances under which made, not misleading; (iii) any acts, practices or omission or alleged acts, practices or omissions of the Borrower or its agents related to the making of any acquisition, purchase of shares or assets
pursuant thereto, financing of such purchases or the consummation of any other transactions contemplated by any such acquisitions that are alleged to be in violation of any federal securities law or of any other statute, regulation or other law of
any jurisdiction applicable to the making of any such acquisition, the purchase of shares or assets pursuant thereto, the financing of such purchases or the consummation of the other transactions contemplated by any such acquisition; or
(iv) any withdrawals, termination or cancellation of any such proposed acquisition for any reason whatsoever. The indemnity set forth herein shall be in addition to any other obligations or liabilities of the Borrower to the Administrative
Agent and the Lenders hereunder, at common law or otherwise. The provisions of this Section 10.1 shall survive the payment of the Obligations and the termination of this Agreement. 

Section 10.2 Taxes. 
 If, under any law in effect on the date of the extension of any credit hereunder, or under any retroactive provision of any law subsequently enacted, it shall be determined that any federal, state or
local tax is payable in respect of the issuance of any Term Loan Note, or in connection with the filing or recording of any assignments, mortgages, financing statements, or other documents (whether measured by the amount of Indebtedness secured or
otherwise) as contemplated by this Agreement, then the Borrower will pay any such tax and all interest and penalties, if any, and will indemnify the Lenders and the Administrative Agent against and save

  
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each of them harmless from any loss or damage resulting from or arising out of the nonpayment or delay in payment of any such tax. If any such tax or taxes shall be assessed or levied against any
Lender or any other holder of a Term Loan Note, such Lender, or such other holder, as the case may be, may notify the Borrower and make immediate payment thereof, together with interest or penalties in connection therewith, and shall thereupon be
entitled to and shall receive immediate reimbursement therefor from the Borrower. Notwithstanding any other provision contained in this Agreement, the covenants and agreements of the Borrower in this Section 10.2 shall survive payment of the
Obligations and the termination of this Agreement. 
 Section 10.3 Payments. 

As set forth in Article 2, all payments by the Borrower on account of principal, interest, fees and other charges (including any
indemnities) shall be made to the Administrative Agent at the Principal Office (or, in the case of payments made pursuant to Section 2.18, as specified by the applicable Lender) in Canadian Dollars or U.S. Dollars, as applicable, in immediately
available funds, by wire transfer or otherwise, not later than 11:00 a.m., Cleveland, Ohio time, on the date such payment is due. Any such payment made on such date but after such time shall, if the amount paid bears interest, be deemed to have been
made on, and interest shall continue to accrue and be payable thereon until, the next succeeding Business Day. If any payment of principal or interest becomes due on a day other than a Business Day, such payment may be made on the next succeeding
Business Day and such extension shall be included in computing interest in connection with such payment. All payments hereunder and under the Term Loan Notes shall be made without set-off or counterclaim and in such amounts as may be necessary in
order that all such payments shall not be less than the amounts otherwise specified to be paid under this Agreement and the Term Loan Notes (without regard to withholding for or on account of: (i) any present or future taxes, levies, imposts,
duties or other similar charges of whatever nature imposed by any government or any political subdivision or taxing authority thereof, other than any tax (except those referred to in clause (ii) below) on or measured by the net income of the
Lender to which any such payment is due pursuant to applicable federal, state and local income tax laws, and (ii) deduction of amounts equal to the taxes on or measured by the net income of such Lender payable by such Lender with respect to the
amount by which the payments required to be made under this sentence exceed the amounts otherwise specified to be paid in this Agreement and the Term Loan Notes). Upon payment in full of any Term Loan Note, the Lender holding such Term Loan Note
shall mark such Term Loan Note “Paid” and return it to the Borrower. 
 Section 10.4 Survival of Agreements and
Representations; Construction. 
 All agreements, representations and warranties made herein shall survive the delivery
of this Agreement and the Term Loan Notes. The headings used in this Agreement and the table of contents are for convenience only and shall not be deemed to constitute a part hereof. All uses herein of the masculine gender or of singular or plural
terms shall be deemed to include uses of the feminine or neuter gender, or plural or singular terms, as the context may require. 

  
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 Section 10.5 Lien on and Set-off of Deposits. 

As security for the due payment and performance of all the Obligations, the Borrower hereby grants to the Administrative Agent for the
ratable benefit of the Lenders a Lien on any and all deposits or other sums at any time credited by or due from the Administrative Agent or any Lender to the Borrower, whether in regular or special depository accounts or otherwise, and any and all
monies, securities and other property of the Borrower, and the proceeds thereof, now or hereafter held or received by or in transit to any Lender or the Administrative Agent from or for the Borrower, whether for safekeeping, custody, pledge,
transmission, collection or otherwise, and any such deposits, sums, monies, securities and other property, may at any time after the occurrence and during the continuance of any Event of Default be set-off, appropriated and applied by any Lender or
the Administrative Agent against any of the Obligations, whether or not any of such Obligations is then due or is secured by any collateral. 
 Section 10.6 Modifications, Consents and Waivers; Entire Agreement. 

No modification, amendment or waiver of or with respect to any provision of this Agreement, any Term Loan Notes, or any of the other Loan
Documents and all other agreements, instruments and documents delivered pursuant hereto or thereto, nor consent to any departure by the Borrower from any of the terms or conditions hereof or thereof, shall in any event be effective unless it shall
be in writing and signed by the Administrative Agent and each Lender except that: (i) any modification or amendment of, or waiver or consent with respect to, Article 4 shall be required to be signed only by the Administrative Agent and the
Required Lenders, and (ii) any modification or amendment of, or waiver or consent with respect to, Articles 1 (other than the definition of “Required Lenders” or any other defined term which is used in the application of any of the
provisions of Article 2), 5, 6, 7, 8 (other than Section 8.1 and Section 8.4) and 10 (other than this Section 10.6 and Section 10.12) may be signed only by the Administrative Agent and the Required Lenders; provided,
however, that notwithstanding anything herein to the contrary and for the avoidance of doubt, no such modification, amendment or waiver, or consent to any departure by the Borrower, may be made which shall (A) extend the expiration date
or increase the amount of the Term Loan Commitment of any Lender without the written consent of such Lender, (B) postpone any date fixed by this Agreement for any payment or mandatory prepayment of principal, interest, fees or other amounts due
any Lender hereunder without the written consent of each Lender adversely affected thereby, (C) reduce the principal of, or the rate of interest specified herein on, any Loan, or (other than the Agency Fee) any fees or other amounts
payable hereunder without the written consent of each Lender adversely affected thereby; provided, however, that only the consent of the Required Lenders shall be necessary to amend the definition of “Default Rate” or to
waive any obligation of the Borrower to pay interest at the Default Rate, , (D) change Section 2.14 in a manner that would alter the pro rata sharing of payments required thereby without the written consent of each Lender adversely
affected thereby or (E) change any provision of this Section or the definition of “Required Lenders” or any other provision hereof specifying the number or percentage of Lenders required to amend, waive or otherwise modify any rights
hereunder or make any determination or grant any consent hereunder, without the written consent of each Lender. Any such waiver or consent shall be effective only in the specific instance and for the purpose for which given. No consent to or demand
on the Borrower in any case shall, of itself, entitle it to any other or further notice 

  
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or demand in similar or other circumstances. Notwithstanding anything to the contrary contained herein, no modification, amendment or waiver of or with respect to any provision of this Agreement,
any Term Loan Notes, or any of the other Loan Documents and all other agreements, instruments and documents delivered pursuant hereto or thereto, nor consent to any departure by the Borrower from any of the terms or conditions thereof, shall in any
event amend, modify or otherwise affect the rights or duties of the Administrative Agent hereunder without the prior written consent of the Administrative Agent. This Agreement and the other Loan Documents embody the entire agreement and
understanding among the Lenders, the Administrative Agent and the Borrower and supersede all prior agreements and understandings relating to the subject matter hereof. 
 Section 10.7 Remedies Cumulative; Counterclaims. 
 Each and every
right granted to the Administrative Agent and the Lenders hereunder or under any other document delivered hereunder or in connection herewith, or allowed them by law or equity, shall be cumulative and may be exercised from time to time. No failure
on the part of the Administrative Agent or any Lender or the holder of any Term Loan Note to exercise, and no delay in exercising, any right shall operate as a waiver thereof, nor shall any single or partial exercise of any right preclude any other
or future exercise thereof or the exercise of any other right. The due payment and performance of the Obligations shall be without regard to any counterclaim, right of offset or any other claim whatsoever that the Borrower may have against any
Lender or the Administrative Agent and without regard to any other obligation of any nature whatsoever that any Lender or the Administrative Agent may have to the Borrower, and no such counterclaim or offset shall be asserted by the Borrower (unless
such counter-claim or offset would, under applicable law, be permanently and irrevocably lost if not brought in such action) in any action, suit or proceeding instituted by any Lender or the Administrative Agent for payment or performance of the
Obligations. 
 Section 10.8 Further Assurances. 

At any time and from time to time, upon the request of the Administrative Agent, the Borrower shall execute, deliver and acknowledge or
cause to be executed, delivered and acknowledged, such further documents and instruments and do such other acts and things as the Administrative Agent may reasonably request in order to fully effect the purposes of this Agreement, the other Loan
Documents and any other agreements, instruments and documents delivered pursuant hereto or in connection with the Loans. 

Section 10.9 Notices. 
 All notices, requests, reports and other communications pursuant to this Agreement shall be in writing, either by letter (delivered by hand or commercial messenger service or sent by certified mail,
return receipt requested, except for routine reports delivered in compliance with Article 5 which may be sent by ordinary first-class mail) or facsimile, addressed as follows: 

  
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 (a)    If to the Borrower: 

Health Care REIT, Inc. 
 4500 Dorr Street 
 Toledo, Ohio 43615-4040 

Attention: Mr. George L. Chapman 
         Chairman of the Board and 

        Chief Executive Officer 

Facsimile No: (419) 247-2826 
 with a copy to: 
 Shumaker, Loop & Kendrick, LLP 

North Courthouse Square 
 1000 Jackson Street 
 Toledo, Ohio 43604-5573 

Attention: Mary Ellen Pisanelli, Esq. 
 Facsimile No.: (419) 241-6894 
 (b)    If to any Lender:

 To its address set forth below its 
 name on the signature pages hereof, 
 with a copy to the Administrative Agent; and

 (c)    If to the Administrative Agent: 

KeyBank National Association, as Administrative Agent 
 127 Public Square 
 Cleveland, Ohio 44114-1306 

Attention: Laura Conway 
         Vice President 
 Facsimile No.:
(216) 689-5970 
 with a copy (other than in the case 

of Borrowing Notices and reports 
 and other documents delivered in 
 compliance with Article 5) to: 

Emmet, Marvin & Martin, LLP 
 120 Broadway 
 New York, New York 10271 

Attention: Richard S. Talesnick, Esq. 
 Facsimile No.: (212) 238-3100 
 Any notice, request, demand or other communication hereunder
shall be deemed to have been given on: (x) the day on which it is telecopied to such party at its facsimile number specified above (provided such notice shall be effective only if followed by one of the other methods of

  
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delivery set forth herein) or delivered by receipted hand or such commercial messenger service to such party at its address specified above, or (y) on the third Business Day after the day
deposited in the mail, postage prepaid, if sent by mail. Any party hereto may change the Person, address or facsimile number to whom or which notices are to be given hereunder, by notice duly given hereunder; provided, however, that
any such notice shall be deemed to have been given hereunder only when actually received by the party to which it is addressed. 

Section 10.10 Counterparts. 
 This Agreement may be signed in any number of counterparts with the same effect as if the signatures thereto and hereto were upon the same instrument. 

Section 10.11 Severability. 
 The provisions of this Agreement are severable, and if any clause or provision hereof shall be held invalid or unenforceable in whole or in part in any jurisdiction, then such invalidity or
unenforceability shall affect only such clause or provision, or part thereof, in such jurisdiction and shall not in any manner affect such clause or provision in any other jurisdiction, or any other clause or provision in this Agreement in any
jurisdiction. Each of the covenants, agreements and conditions contained in this Agreement is independent and compliance by the Borrower with any of them shall not excuse non-compliance by the Borrower with any other. All covenants hereunder shall
be given independent effect so that if a particular action or condition is not permitted by any of such covenants, the fact that it would be permitted by an exception to, or be otherwise within the limitations of, another covenant shall not avoid
the occurrence of a Default or an Event of Default if such action is taken or condition exists. 
 Section 10.12 Binding
Effect; No Assignment or Delegation by Borrower.
 This Agreement shall be binding upon and inure to the benefit of the
Borrower and its successors and to the benefit of the Lenders and the Administrative Agent and their respective successors and assigns. The rights and obligations of the Borrower under this Agreement shall not be assigned or delegated without the
prior written consent of the Administrative Agent and each Lender, and any purported assignment or delegation without such consent shall be void. 
 Section 10.13 Assignments and Participations by Lenders. 
 (a) Each
Lender may assign to one or more banks or other entities all or a portion of its rights and obligations under this Agreement (including, without limitation, all or a portion of its Term Loan Commitment and the Term Loans owing to it, and the Term
Loan Note(s), if any, held by it); provided, however, that: (i) the Borrower and the Administrative Agent must give prior written consent to such assignment (unless such assignment is to an Affiliate of such Lender or to another
Lender), which consent shall not be unreasonably withheld, (ii) the parties to each such assignment shall execute and deliver to the Administrative Agent an Assignment and Assumption, and a processing fee of $3,500.00, (iii) each partial
assignment shall be of a constant, and not a varying, percentage of all of the assigning Lenders’ rights and obligations under this Agreement, (iv) the amount of the Term Loan Commitment and/or the Term Loans of the assigning Lender being
assigned pursuant to each such assignment 

  
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(determined as of the date of the Assignment and Assumption with respect to such assignment) shall in no event be less than CAD 5,000,000 and shall be an integral multiple of CAD 1,000,000, and
(v) each such assignment shall be to an Eligible Assignee and no such assignment shall be to a Defaulting Lender or to any Person who, upon becoming a Lender hereunder, would constitute a Defaulting Lender. Upon such execution, delivery and
acceptance, from and after the effective date specified in each Assignment and Assumption, which effective date shall be at least five Business Days after the execution thereof: (x) the assignee thereunder shall be a party hereto and, to the
extent that rights and obligations hereunder have been assigned to it pursuant to such Assignment and Assumption, have the rights and obligations of a Lender hereunder, and (y) the Lender assignor thereunder shall, to the extent that rights and
obligations hereunder have been assigned by it pursuant to such Assignment and Assumption, relinquish its rights and be released from its obligations under this Agreement (and, in the case of an Assignment and Assumption covering all or the
remaining portion of an assigning Lender’s rights and obligations under this Agreement, such Lender shall cease to be a party hereto), except that an assigning Lender shall retain the benefit of Sections 2.18, 10.1 and 10.2 for the period prior
to the effective date of such Assignment and Assumption. Notwithstanding anything to the contrary in clause (a)(i) above, (1) no consent of the Borrower shall be required for an assignment if an Event of Default has occurred and is continuing,
and (2) the Borrower shall be deemed to have consented to any such assignment unless it shall object thereto by written notice to the Administrative Agent within five (5) Business Days after having received notice thereof from the
Administrative Agent. 
 (b) By executing and delivering an Assignment and Assumption, the Lender assignor thereunder and the
assignee thereunder confirm to and agree with each other and the other parties hereto as follows: (i) other than as provided in such Assignment and Assumption, such assigning Lender makes no representation or warranty and assumes no
responsibility with respect to any statements, warranties or representations made in or in connection with this Agreement or any other instrument or document furnished pursuant hereto or the execution, legality, validity, enforceability,
genuineness, sufficiency or value of this Agreement or any other instrument or document furnished pursuant hereto; (ii) such assigning Lender makes no representation or warranty and assumes no responsibility with respect to the financial
condition of the Borrower or the performance or observance by the Borrower of any of its obligations under this Agreement or any other instrument or document furnished pursuant hereto; (iii) such assignee confirms that it has received a copy of
this Agreement, together with copies of such financial statements and such other documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into such Assignment and Assumption; (iv) such
assignee will, independently and without reliance upon the Administrative Agent, such assigning Lender or any other Lender and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit
decisions in taking or not taking action under this Agreement; (v) such assignee confirms that it is an Eligible Assignee; (vi) such assignee appoints and authorizes the Administrative Agent to take such action as agent on its behalf and
to exercise such powers under this Agreement as are delegated to the Administrative Agent by the terms hereof, together with such powers as are reasonably incidental thereto; and (vii) such assignee agrees that it will perform in accordance
with their terms all of the obligations which by the terms of this Agreement are required to be performed by it as a Lender. 

  
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 (c) Upon its receipt of an Assignment and Assumption executed by an assigning Lender and an
assignee representing that it is an Eligible Assignee, together with each Term Loan Note, if any, subject to such assignment, the Administrative Agent shall: (i) accept such Assignment and Assumption, and (ii) give prompt notice thereof to
the Borrower. Within five Business Days after its receipt of such notice, the Borrower, at its own expense, shall, if requested by such Eligible Assignee, execute and deliver to the Administrative Agent in exchange for each surrendered Term Loan
Note a new Term Loan Note to the order of such Eligible Assignee in an amount equal to the Term Loan Commitment assumed by it pursuant to such Assignment and Assumption and, if the assigning Lender has retained a Term Loan Commitment hereunder, a
new Term Loan Note to the order of the assigning Lender (if requested) in an amount equal to the Term Loan Commitment retained by it hereunder. Such new Term Loan Note shall be in an aggregate principal amount equal to the aggregate principal amount
of such surrendered Note, shall be dated the effective date of such Assignment and Assumption and shall otherwise be in substantially the form of Exhibit B hereto. 
 (d) (i) Each Lender may, without the prior consent of the Administrative Agent, the other Lenders or the Borrower, sell participations to one or more Persons (other than a natural person, a Defaulting
Lender or a Person who, if it were to become a Lender hereunder, would constitute a Defaulting Lender, or the Borrower or any of the Borrower’s Affiliates or Subsidiaries) (each, a “Participant”) in all or a portion of its
rights and obligations under this Agreement (including, without limitation, all or a portion of its Term Loan Commitment, the Loans owing to it, and the Term Loan Note held by it); provided, however, that: (A) such Lender’s
obligations under this Agreement (including, without limitation, its Term Loan Commitment hereunder) shall remain unchanged, (B) such Lender shall remain solely responsible to the other parties hereto for the performance of such obligations,
(C) such Lender shall remain the holder of any such Term Loan Note for all purposes of this Agreement, and the Borrower, the Administrative Agent and the other Lenders shall continue to deal solely and directly with such Lender in connection
with such Lender’s rights and obligations under this Agreement. 
 (ii) Any agreement or instrument pursuant to which a
Lender sells such a participation shall provide that such Lender shall retain the sole right to enforce this Agreement and the other Loan Documents and to approve any amendment, modification or waiver of any provision of this Agreement;
provided that such agreement or instrument may provide that such Lender will not, without the consent of the Participant, agree to any amendment, waiver or other modification that would change the amount, interest rate or maturity of the Term
Loans or any other matter that requires unanimous consent of all of the Lenders. Subject to subsection (iii) of this Section, the Borrower agrees that each Participant shall be entitled to the benefits of Sections 2.18 and 2.22 to the same
extent as if it were a Lender and had acquired its interest by assignment pursuant to subsection (a) of this Section. 

(iii) A Participant shall not be entitled to receive any greater payment under Section 2.18 than the applicable Lender would have
been entitled to receive with respect to the participation sold to such Participant, unless the sale of the participation to such Participant is made with the Borrower’s prior written consent. A Participant that would be a Non-U.S. Lender if it
were a Lender shall not be entitled to the benefits of Section 2.18 unless the Borrower is notified of the participation sold to such Participant and such Participant agrees, for the benefit of the Borrower, to comply with Section 10.14 as
though it were a Lender. 

  
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 (e) (i) The Administrative Agent, acting solely for this purpose as an agent of the
Borrower (and such agency being solely for tax purposes), shall maintain at the Principal Office a copy of each Assignment and Assumption delivered to it (or the equivalent thereof in electronic form) and a register for the recordation of the names
and addresses of the Lenders, and the Term Loan Commitments or Incremental Commitments, as applicable, of, and principal amounts (and stated interest) of the Term Loans owing to, each Lender pursuant to the terms hereof from time to time (the
“Register”). The entries in the Register shall be conclusive, absent manifest error, and the Borrower, the Administrative Agent and the Lenders shall treat each Person whose name is recorded in the Register pursuant to the terms
hereof as a Lender hereunder for all purposes of this Agreement. The Register shall be available for inspection by the Borrower and any Lender, at any reasonable time and from time to time upon reasonable prior notice. 

(ii) Each Lender that sells a participation shall, acting solely for this purpose as an agent of the Borrower, maintain a register on
which it enters the name and address of each Participant and the principal amounts (and stated interest) of each Participant’s interest in the Term Loans or other obligations under the Loan Documents (the “Participant
Register”); provided that no Lender shall have any obligation to disclose all or any portion of the Participant Register (including the identity of any Participant or any information relating to a Participant’s interest in any
commitments, loans, letters of credit or its other obligations under any Loan Document) to any Person except to the extent that such disclosure is necessary to establish that such commitment, loan or other obligation is in registered form under
Section 5f.103-1(c) of the United States Treasury Regulations. The entries in the Participant Register shall be conclusive absent manifest error, and such Lender shall treat each Person whose name is recorded in the Participant Register as the
owner of such participation for all purposes of this Agreement notwithstanding any notice to the contrary. For the avoidance of doubt, the Administrative Agent (in its capacity as Administrative Agent) shall have no responsibility for maintaining a
Participant Register. 
 (f) Any Lender may, in connection with any assignment or participation or proposed assignment or
participation pursuant to this Section 10.13, disclose to the assignee or participant or proposed assignee or participant, any information relating to the Borrower furnished to such Lender by or on behalf of the Borrower; provided
that, prior to any such disclosure, the assignee or participant or proposed assignee or participant shall agree to preserve the confidentiality of any confidential information relating to the Borrower received by it from such Lender.

 (g) Anything in this Section 10.13 to the contrary notwithstanding, any Lender may at any time pledge and assign, or
grant a security interest in, all or any portion of its rights under this Agreement (including under its Term Loan Note(s), if any) to secure obligations of such Lender, including any pledge or assignment, or grant of a security interest, to secure
obligations to a Federal Reserve Bank; provided that no such pledge or assignment, or grant of a security interest, shall release such Lender from any of its obligations hereunder or substitute any such pledgee or assignee or grantee for such
Lender as a party hereto. 

  
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 Section 10.14 Delivery of Tax Forms. 

(a) Each Lender that is not a “United States person” within the meaning of Section 7701(a)(30) of the Code (a
“Non-U.S. Lender”) shall deliver to the Administrative Agent, prior to the receipt of any payment subject to withholding under the Code (or upon accepting an assignment of an interest herein), two duly signed completed copies of
either IRS Form W-8BEN or any successor thereto (relating to such Non-U.S. Lender and entitling it to an exemption from, or reduction of, withholding tax on all payments to be made to such Non-U.S. Lender by the Borrower pursuant to this Agreement)
or IRS Form W-8ECI or any successor thereto (relating to all payments to be made to such Non-U.S. Lender by the Borrower pursuant to this Agreement) or such other evidence satisfactory to the Administrative Agent that such Non-U.S. Lender is
entitled to an exemption from, or reduction of, United States withholding tax, including any exemption pursuant to Section 881(c) of the Code. Thereafter and from time to time, each such Non-U.S. Lender shall (i) upon the written request
of the Administrative Agent promptly submit to the Administrative Agent such additional duly completed and signed copies of one of such forms (or such successor forms as shall be adopted from time to time by the relevant United States taxing
authorities) as may then be available under the then current United States laws and regulations to avoid, or such evidence as is satisfactory to the Administrative Agent of any available exemption from or reduction of, United States withholding
taxes in respect of all payments to be made to such Non-U.S. Lender by the Borrower pursuant to this Agreement and (ii) promptly notify the Administrative Agent of any change in circumstance which would modify or render invalid any claimed
exemption or reduction. Each Non-U.S. Lender, to the extent it does not act or ceases to act for its own account with respect to any portion of any sums paid or payable to such Lender under any of the Loan Documents (for example, in the case of a
participation by such Lender), shall deliver to the Administrative Agent on the date when such Non-U.S. Lender ceases to act for its own account with respect to any portion of any such sums paid or payable, and at such other times as may be
necessary in the determination of the Administrative Agent (in the reasonable exercise of its discretion), (A) two duly signed completed copies of the forms or statements required to be provided by such Lender as set forth above, to establish
the portion of any such sums paid or payable with respect to which such Lender acts for its own account that is not subject to United States withholding tax, and (B) two duly signed completed copies of IRS Form W-8IMY (or any successor
thereto), together with any information such Lender chooses to transmit with such form, and any other certificate or statement of exemption required under the Code, to establish that such Lender is not acting for its own account with respect to a
portion of any sums payable to such Lender. The Borrower shall not be required to pay any additional amount to any Non-U.S. Lender under this Section 10.14(a)(i) with respect to any Taxes required to be deducted or withheld on the basis of the
information, certificates or statements of exemption such Lender transmits with an IRS Form W-8IMY pursuant to this Section 10.14(a) or (ii) if such Lender shall have failed to satisfy the provisions of this Section 10.14(a) on the
date such Lender became a Lender or ceases to act for its own account with respect to any payment under any of the Loan Documents. Nothing in this Section 10.14(a) shall relieve the Borrower of its obligation to pay any amounts otherwise due
pursuant to this Section 10.14 in the event that, as a result of any change in any applicable law, treaty or governmental rule, regulation or order, or any change in the interpretation, administration or application thereof, such Lender is no
longer properly entitled to deliver forms, certificates or other evidence at a subsequent date establishing the fact that such Lender or other Person for the account of which such Lender receives any sums

  
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payable under any of the Loan Documents is not subject to withholding or is subject to withholding at a reduced rate. The Administrative Agent may, without reduction, withhold any Taxes required
to be deducted and withheld from any payment under any of the Loan Documents with respect to which the Borrower is not required to pay additional amounts under this Section 10.14(a). 

(b) If a payment made to any Lender hereunder would be subject to United States federal withholding tax imposed by FATCA if such Lender
were to fail to comply with the applicable reporting requirements of FATCA (including those contained in Section 1471(b) or 1472(b) of the Code, as applicable), such Lender shall deliver to the Borrower and the Administrative Agent at the time
or times prescribed by law and at such time or times reasonably requested by the Borrower or the Administrative Agent such documentation prescribed by applicable law (including as prescribed by Section 1471(b)(3)(C)(i) of the Code) and such
additional documentation reasonably requested by the Borrower or the Administrative Agent as may be necessary for the Borrower and the Administrative Agent to comply with their obligations under FATCA and to determine that such Lender has complied
with such Lender’s obligations under FATCA or to determine the amount to deduct and withhold from such payment. 

Section 10.15 GOVERNING LAW; CONSENT TO 
 JURISDICTION; WAIVER OF TRIAL BY JURY. 
 (a) THIS AGREEMENT, THE
OTHER LOAN DOCUMENTS AND ALL OTHER DOCUMENTS AND INSTRUMENTS EXECUTED AND DELIVERED IN CONNECTION HEREWITH AND THEREWITH, SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO ITS
RULES PERTAINING TO CONFLICTS OF LAWS. 
 (b) THE BORROWER IRREVOCABLY CONSENTS THAT ANY LEGAL ACTION OR PROCEEDING
AGAINST IT UNDER, ARISING OUT OF OR IN ANY MANNER RELATING TO THIS AGREEMENT, AND EACH OTHER LOAN DOCUMENT MAY BE BROUGHT IN ANY COURT OF THE STATE OF NEW YORK, COUNTY OF NEW YORK, OR IN THE UNITED STATES DISTRICT COURT FOR THE SOUTHERN DISTRICT OF
NEW YORK AND ANY APPELLATE COURT THEREOF. THE BORROWER, BY THE EXECUTION AND DELIVERY OF THIS AGREEMENT, EXPRESSLY AND IRREVOCABLY ASSENTS AND SUBMITS TO THE NONEXCLUSIVE PERSONAL JURISDICTION OF ANY OF SUCH COURTS IN ANY SUCH ACTION OR PROCEEDING.
THE BORROWER FURTHER IRREVOCABLY CONSENTS TO THE SERVICE OF ANY COMPLAINT, SUMMONS, NOTICE OR OTHER PROCESS RELATING TO ANY SUCH ACTION OR PROCEEDING BY DELIVERY THEREOF TO IT BY HAND OR BY MAIL IN THE MANNER PROVIDED FOR IN SECTION 10.9. THE
BORROWER HEREBY EXPRESSLY AND IRREVOCABLY WAIVES ANY CLAIM OR DEFENSE IN ANY SUCH ACTION OR PROCEEDING BASED ON ANY ALLEGED LACK OF PERSONAL JURISDICTION, IMPROPER VENUE OR FORUM NON CONVENIENS OR ANY SIMILAR BASIS. THE BORROWER
SHALL NOT BE ENTITLED IN ANY 

  
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SUCH ACTION OR PROCEEDING TO ASSERT ANY DEFENSE GIVEN OR ALLOWED UNDER THE LAWS OF ANY STATE OTHER THAN THE STATE OF NEW YORK UNLESS SUCH DEFENSE IS ALSO GIVEN OR ALLOWED BY THE LAWS OF THE STATE
OF NEW YORK. NOTHING IN THIS SECTION 10.15 SHALL AFFECT OR IMPAIR IN ANY MANNER OR TO ANY EXTENT THE RIGHT OF THE ADMINISTRATIVE AGENT OR ANY LENDER TO COMMENCE LEGAL PROCEEDINGS OR OTHERWISE PROCEED AGAINST THE BORROWER IN THE COURTS OF ANY OTHER
JURISDICTION OR THE RIGHT, IN CONNECTION WITH ANY LEGAL ACTION OR PROCEEDING WHATSOEVER, TO SERVE LEGAL PROCESS IN ANY OTHER MANNER PERMITTED BY LAW. 
 (c) THE BORROWER, THE LENDERS AND THE ADMINISTRATIVE AGENT WAIVE TRIAL BY JURY IN ANY LITIGATION IN ANY COURT WITH RESPECT TO, IN CONNECTION WITH, OR ARISING OUT OF, THIS AGREEMENT, ANY OF THE OTHER
LOAN DOCUMENTS, OR ANY INSTRUMENT OR DOCUMENT DELIVERED PURSUANT TO THIS AGREEMENT, OR THE VALIDITY, INTERPRETATION, COLLECTION OR ENFORCEMENT THEREOF. 
 Section 10.16 Confidentiality. 
 Each of the Administrative Agent
and the Lenders agrees to maintain the confidentiality of the Information (as defined below), except that Information may be disclosed (a) to its Affiliates and to its and its Affiliates’ directors, officers, employees and agents,
including accountants, legal counsel and other advisors (it being understood that the Persons to whom such disclosure is made will be informed of the confidential nature of such Information and instructed to keep such Information confidential),
(b) to the extent requested by any regulatory or self-regulatory authority, (c) to the extent required by applicable laws or regulations or by any subpoena or similar legal process, (d) to any other party to this Agreement,
(e) 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, (f) with the consent of the Borrower, (g) to the extent such
Information (i) becomes publicly available other than as a result of a breach of this Section, or (ii) becomes available to the Administrative Agent or any Lender on a nonconfidential basis from a source other than the Borrower, or
(h) to any prospective assignee or participant in connection with any contemplated transfer pursuant to Section 10.13 or to any direct, indirect, actual or prospective counterparty (and its advisor) to any swap, derivative or
securitization transaction related to the obligations under this Agreement or to any rating agency in connection with rating the Borrower or its Subsidiaries or the credit facilities provided hereunder or the CUSIP Service Bureau or any similar
agency in connection with the issuance and monitoring of CUSIP numbers or other market identifiers with respect to the credit facilities provided hereunder, provided that such prospective assignee, participant, counterparty or agency
shall have been made aware of this Section 10.16 and shall have agreed to be bound by its provisions as if it were a party to this Agreement. For the purposes of this Section, “Information” means all information received from
Borrower relating to Borrower or its business, other than any such information that is available to the Administrative Agent or any Lender on a nonconfidential basis prior to disclosure by Borrower; provided that, in the case of information
received from Borrower after the Effective Date, such information is clearly identified at the time of delivery as confidential. Any Person required to maintain the 

  
 63 

 
confidentiality of Information as provided in this Section shall be considered to have complied with its obligation to do so if such Person has exercised the same degree of care to maintain
the confidentiality of such Information as such Person would accord to its own confidential information. 
 Section 10.17
USA Patriot Act Notice; Anti-Money Laundering. 
 (a) Each of the Administrative Agent and each Lender hereby
notifies the Borrower that, pursuant to the requirements of the USA Patriot Act, it is required to obtain, verify and record information that identifies the Borrower and its Subsidiaries, which information includes the name and address of Borrower
and its Subsidiaries and other information that will allow Administrative Agent and such Lender to identify Borrower and its Subsidiaries in accordance with the USA Patriot Act. 

(b) The Borrower shall ensure that (i) no person who owns a controlling interest in or otherwise controls the Borrower is or shall
be listed on the Specially Designated Nationals and Blocked Person List or other similar lists maintained by the Office of Foreign Assets Control (“OFAC”) or the Department of the Treasury or included in any Executive Orders of the
President of the United States of America (“Executive Orders”), that prohibits or limits the Lenders from making any advance or extension of credit to the Borrower or from otherwise conducting business with the Borrower, and
(ii) the proceeds of the Loans shall not be used to violate any of the foreign asset control regulations of OFAC or any enabling statute or Executive Order relating thereto. Further, the Borrower shall comply, and cause its Subsidiaries to
comply, with all applicable Bank Secrecy Act laws and regulations, as amended. 
 (c) The Borrower shall, following a request
by the Administrative Agent or any Lender, provide all documentation and other information that the Administrative Agent or such Lender reasonably requests in order to comply with its ongoing obligations under applicable “know your
customer” and anti-money laundering rules and regulations, including the USA Patriot Act. 
 (d) The Borrower confirms
that it is the beneficiary (within the meaning of the German Act on the Improvement of the Suppression of Money Laundering and Combating the Financing of Terrorism of August 8, 2002 (Gesetz über das Aufspiiren von Gewinnen aus schweren
Straftaten (Geldwaschegesetz)) for the credit made available to it under this Agreement. It will promptly inform the Administrative Agent (by written notice) if it is not, or ceases to be, the beneficiary and will then set down in writing the name
and the address of the beneficiary. 
 Section 10.18 No Advisory or Fiduciary Responsibility. 

In connection with all aspects of each transaction contemplated hereby (including in connection with any amendment, waiver or other
modification hereof or of any other Loan Document), the Borrower acknowledges and agrees that: (i) (A) the arranging and other services regarding this Agreement provided by the Administrative Agent, the Joint Lead Arrangers and the Lenders
are arm’s-length commercial transactions between the Borrower and its Affiliates, on the one hand, and the Administrative Agent, the Joint Lead Arrangers and the 

  
 64 

 
Lenders, on the other hand, (B) the Borrower has consulted its own legal, accounting, regulatory and tax advisors to the extent it has deemed appropriate, and (C) the Borrower is
capable of evaluating, and understands and accepts, the terms, risks and conditions of the transactions contemplated hereby and by the other Loan Documents; (ii) in connection with the process leading to such transactions, (A) the
Administrative Agent, each Joint Lead Arranger and each Lender is and has been acting solely as a principal and, except as expressly agreed in writing by the relevant parties, has not been, is not, and will not be acting as a financial advisor,
agent or fiduciary for the Borrower or any of its Affiliates, and (B) none of the Administrative Agent, any Joint Lead Arranger or any Lender has any obligation to the Borrower or any of its Affiliates with respect to the transactions
contemplated hereby except those obligations expressly set forth herein and in the other Loan Documents and the Mandate Letter, dated as of April 12, 2012; and (iii) the Administrative Agent, the Joint Lead Arrangers and the Lenders and
their respective Affiliates may be engaged in a broad range of transactions that involve interests that differ from those of the Borrower and its Affiliates, and none of the Administrative Agent, any Joint Lead Arranger or any Lender has any
obligation to disclose any of such interests to the Borrower or its Affiliates. To the fullest extent permitted by law, the Borrower hereby waives and releases any claims that it may have against the Administrative Agent, the Joint Lead Arrangers
and the Lenders with respect to any breach or alleged breach of agency or fiduciary duty, arising on or before the date of the Mandate Letter referred to above, in connection with any aspect of any transactions contemplated hereby. 

Section 10.19 Judgment Currency. 
 If for the purpose of obtaining judgment in any court it is necessary to convert a sum due hereunder denominated in accordance with the applicable provisions of this Agreement (the “Agreement
Currency”) into another currency (the “Judgment Currency”), the parties hereto agree, to the fullest extent that they may effectively do so, that the rate of exchange used shall be that at which in accordance with normal
banking procedures the Administrative Agent could purchase the Agreement Currency with the Judgment Currency in the city in which it normally conducts its foreign exchange operation for the Agreement Currency on the Business Day next preceding the
day on which such judgment is rendered. The obligation of the Borrower in respect of any such sum due from it to the Administrative Agent or any Lender hereunder shall, notwithstanding any judgment in the Judgment Currency, be discharged only to the
extent that on the Business Day following receipt by the Administrative Agent or such Lender, as applicable, of any sum adjudged to be due hereunder in the Judgment Currency the Administrative Agent or such Lender, as applicable, may in accordance
with normal banking procedures purchase the Agreement Currency with the Judgment Currency; if the amount of Agreement Currency so purchased is less than the sum originally due to the Administrative Agent or such Lender, as applicable, in the
Agreement Currency, the Borrower hereby, as a separate obligation and notwithstanding any such judgment, agrees to indemnify the Administrative Agent or such Lender, as applicable, against and to pay the Administrative Agent or such Lender, as
applicable, on demand, in the Agreement Currency, the amount (if any) by which the sum originally due to the Administrative Agent or such Lender, as applicable, hereunder in the Agreement Currency exceeds the amount of the Agreement Currency so
purchased and transferred. 

  
 65 

 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed
on the date first above written. 
  

			
	HEALTH CARE REIT, INC.
		
	By:	 	/s/ Scott A. Estes
	Name:	 	Scott A. Estes
	 Title:
	 	 Executive Vice President and Chief
 Financial Officer

  
 Health
Care REIT, Inc. Term Loan Agreement Signature Page 

  

			
	 KEYBANK NATIONAL ASSOCIATION,
     as Administrative Agent and as a Lender

		
	By:	 	/s/ Laura Conway
		 	Name: Laura Conway
		 	 Title: Vice President

	
	 Lending Office for CDOR Loans:

	
	 KeyBank National Association

4910 Tiedeman Road, 3rd Floor

MC:OH-01-51-0311
 Brooklyn, Ohio 44144
 Attention: HealthCare
Services

	
	 Address for Notices:

	
	 KeyBank National Association

127 Public Square

MC:OH-01-27-0848
 Cleveland, Ohio 44114
 Attention: KeyBank REC –
Healthcare Group
 Facsimile: (216) 689-5970

  
 Health
Care REIT, Inc. Term Loan Agreement Signature Page 

 
			
	JPMORGAN CHASE BANK, N.A.
		
	By:	 	/s/ Marc Costantino
		 	Name: Marc Costantino
		 	 Title:   Executive Director

	
	 Lending Office for CDOR Loans:

	
	 JPMorgan Chase Bank, N.A.

500 Stanton Christiana Road, Ops 2, Floor 03

Newark, DE 19713-2107

Attention: Josh Pauley

Facsimile: (201) 244-3885

	
	 Address for Notices:

	
	 JPMorgan Chase Bank, N.A.

383 Madison Avenue, 24th Floor

New York, NY 10079

Attention: Chiara Carter

Facsimile: (201) 244-3885

  
 Health
Care REIT, Inc. Term Loan Agreement Signature Page 

  

			
	BANK OF AMERICA, N.A. (Canada branch)
		
	By:	 	/s/ Medina Sales de Andrade
		 	Name: Medina Sales de Andrade
		 	Title:    Vice President
	
	Lending Office for CDOR Loans:
	
	 Bank of America, N.A. (Canada branch)

181 Bay Street, 4th Floor
 Toronto, Ontario, M5J 2V8
 Attention: Medina Sales de
Andrade

	
	 Address for Notices:

	
	 Bank of America Merrill Lynch

Bank of America, Corporate Center

100 N Tryon St.
 Charlotte, NC 28255-0001
 Attention: Amie
Edwards
 Facsimile: (980) 233-7458

	
	 With a copy to:

	
	 Bank of America, N.A. (Canada branch)

181 Bay Street, 4th Floor
 Toronto, Ontario, M5J 2V8
 Attention: Medina Sales de
Andrade
 Facsimile: (312) 453-4041

  
 Health
Care REIT, Inc. Term Loan Agreement Signature Page 

 
			
	ROYAL BANK OF CANADA, as a Lender
		
	By:	 	/s/ John Miron
		 	Name: John Miron
		 	Title: Authorized Signatory
	
	 Lending Office for CDOR Loans:

	
	 Royal Bank of Canada

	 Royal Bank Plaza

	 20 King Street West, 4th

	 Toronto, ON M5H 1C4

	 Attention: Mylien Koberstadt

	 Facsimile: (416) 974-8119

	
	 Address for Notices:

	
	 Royal Bank of Canada

	 Royal Bank Plaza

	 20 King Street West, 4th

	 Toronto, ON M5H 1C4

	 Attention: Mylien Koberstadt

	 Facsimile: (416) 974-8119

  
 Health
Care REIT, Inc. Term Loan Agreement Signature Page 

 
			
	CITIBANK, N.A.
		
	By:	 	/s/ John C. Rowland
		 	Name: John C. Rowland
		 	Title: Vice President
	
	Lending Office for CDOR Loans:
	
	Citibank, N.A.
	1615 Brett Road Building III
	New Castle, DE 19720
	Attention: Loan Operations Administrator
	
	Address for Notices:
	
	Citibank, N.A.
	1615 Brett Road Building III
	New Castle, DE 19720
	Attention: Loan Operations Administrator
	Facsimile: (212) 994-0847

  
 Health
Care REIT, Inc. Term Loan Agreement Signature Page 

 
			
	COMPASS BANK
		
	By:	 	/s/ Brian Tuerff
		 	Name: Brian Tuerff
		 	Title: Senior Vice President
	
	Lending Office for CDOR Loans:
	
	Compass Bank
	15 South 20th Street, Suite 1504
	Birmingham, AL 35233
	
	Address for Notices:
	
	Compass Bank
	24 Greenway Plaza, Suite 1400B
	Houston, Texas 77046
	Attention: Keri Seadler
	Facsimile: (205) 524-0385

  
 Health
Care REIT, Inc. Term Loan Agreement Signature Page 

 
			
	FIFTH THIRD BANK
		
	By:	 	/s/ Megan Brearey
		 	Name: Megan Brearey
		 	Title: Assistant Vice President
	
	Lending Office for CDOR Loans:
	
	Fifth Third Bank
	424 Church Street, Suite 500
	Nashville, TN 37219
	Attention: Megan Brearey
	Telephone: (615) 687-3061
	Facsimile: (615) 687-3067
	
	Address for Notices:
	
	Fifth Third Bank
	5050 Kingsley Drive (MD: 1MOC2B)
	Cincinnati, OH 45227
	Attention: Michele Kraus
	Facsimile: (513) 358-3480

  
 Health
Care REIT, Inc. Term Loan Agreement Signature Page 

 
			
	PNC BANK, NA
		
	By:	 	/s/ Kirby R. Holman
		 	Name: Kirby R. Holman
		 	Title: Vice President
	
	Lending Office for CDOR Loans:
	
	PNC Bank, NA
	6750 Miller Road
	Brecksville, OH 44141
	Attention: Jo Elkins
	
	Address for Notices:
	
	PNC Bank, NA
	6750 Miller Road
	Brecksville, OH 44141
	Attention: Jo Elkins
	Facsimile: (877) 513-8865

  
 Health
Care REIT, Inc. Term Loan Agreement Signature Page 

 
			
	THE BANK OF NEW YORK MELLON
		
	By:	 	/s/ Carol Murray
		 	Name: Carol Murray
		 	Title: Managing Director
	
	Lending Office for CDOR Loans:
	
	The Bank of New York Mellon
	6023 Airport Road
	Oriskany, NY 13424
	Attention: Amanda VanScooter
	
	Address for Notices:
	
	The Bank of New York Mellon
	6023 Airport Road
	Oriskany, NY 13424
	Attention: Amanda VanScooter
	Facsimile: (315) 765-4783

  
 Health
Care REIT, Inc. Term Loan Agreement Signature Page 

 
			
	WELLS FARGO BANK, NATIONAL
	ASSOCIATION
		
	By:	 	/s/ Andrea S. Chen
		 	Name: Andrea S. Chen
		 	Title: Director
	
	Lending Office for CDOR Loans:
	
	Wells Fargo Bank, National Association
	1700 Broadway MAC C7300-034
	Denver, CO 80217
	Attention: Taylor Barnette
	
	Address for Notices:
	
	Wells Fargo Bank, National Association
	301 S College St., 15th Floor
	Charlotte, NC 28288
	Attention: Andrea S. Chen
	Facsimile: (704) 715-1438

  
 Health
Care REIT, Inc. Term Loan Agreement Signature Page 

 
			
	BARCLAYS BANK PLC, as Lender
		
	By:	 	/s/ Diane Rolfe
		 	Name: Diane Rolfe
		 	Title: Director
	
	Lending Office for CDOR Loans:
	
	Barclays Capital
	70 Hudson Street
	Jersey City, NJ 07302
	Attention: Vincent Cangiano
	Phone: (201) 499-2710
	Facsimile: (212) 412-7401
	
	Address for Notices:
	
	Barclays Capital
	70 Hudson Street
	Jersey City, NJ 07302
	Attention: Vincent Cangiano
	Phone: (201) 499-2710
	Facsimile: (212) 412-7401

  
 Health
Care REIT, Inc. Term Loan Agreement Signature Page 

 
			
	CITY NATIONAL BANK, a national banking association
		
	By:	 	/s/ John Finnigan
		 	Name: John Finnigan
		 	Title: Senior Vice President
	
	Lending Office for CDOR Loans:
	
	City National Bank
	555 South Flower Street, 24th Floor
	Los Angeles, CA 90071
	Attention: International Department
	
	Address for Notices:
	
	City National Bank
	555 S. Flower Street, 24th Floor
	Los Angeles, CA 90071
	Attention: International Department
	                  Vivian King, SVP
	Facsimile: (213) 673-8688

  
 Health
Care REIT, Inc. Term Loan Agreement Signature Page 

 
			
	COMERICA BANK, a Texas banking
	association
		
	By:	 	/s/ Natasha Ursuy
		 	Name: Natasha Ursuy
		 	Title: Senior Vice President
	
	Lending Office for CDOR Loans:
	
	Comerica Bank
	411 W. Lafayette Blvd., MC 3266
	Detroit, MI 48226
	Attention: Kyle B. O’Neil
	
	Address for Notices:
	
	Comerica Bank
	411 W. Lafayette Blvd., MC 3266
	Detroit, MI 48226
	Attention: Laura or Debbie
	Facsimile: (313) 222-3420

  
 Health
Care REIT, Inc. Term Loan Agreement Signature Page 

 
			
	 CREDIT AGRICOLE CORPORATE AND
 INVESTMENT BANK

		
	By:	 	 /s/ Thomas Randolph

		 	Name: Thomas Randolph
		 	Title: Managing Director
		
	By:	 	 /s/ John Bosco

		 	Name: John Bosco
		 	Title: Vice President
	
	Lending Office for CDOR Loans:
	
	Credit Agricole Corporate and Investment Bank
	1301 Avenue of the Americas
	New York, NY 10019
	Attention: Dawn Evans
	
	Address for Notices:
	
	Credit Agricole Corporate and Investment Bank
	1301 Avenue of the Americas
	New York, NY 10019
	Attention: Dawn Evans
	Facsimile: (917) 849-5464

  
 Health
Care REIT, Inc. Term Loan Agreement Signature Page 

 
			
	DEUTSCHE BANK AG NEW YORK BRANCH
		
	By:	 	 /s/ Ming K. Chu

		 	Name: Ming K. Chu
		 	Title: Vice President
		
	By:	 	 /s/ Virginia Cosenza

		 	Name: Virginia Cosenza
		 	Title: Vice President
	
	Lending Office for CDOR Loans:
	
	5022 Gate Parkway Suite 100
	Jacksonville, FL 32256
	Attention: Lee Joyner
	
	Address for Notices:
	
	60 Wall Street
	New York, NY 10005
	Attention: Ming K. Chu
	Facsimile: (212) 797-4420

  
 Health
Care REIT, Inc. Term Loan Agreement Signature Page 

 
			
	MORGAN STANLEY BANK, N.A.
		
	By:	 	/s/ Michael King
		 	Name: Michael King
		 	Title: Authorized Signatory
	
	Lending Office for CDOR Loans:
	
	Morgan Stanley Bank, N.A.
	1300 Thames Street
	Thames Street Wharf, 4th Floor
	Baltimore, MD 21231
	Attention: Edward Henley
	
	Address for Notices:
	
	Morgan Stanley Bank, N.A.
	1300 Thames Street
	Thames Street Wharf, 4th Floor
	Baltimore, MD 21231
	Attention: Edward Henley
	Facsimile: (212) 404-9645

  
 Health
Care REIT, Inc. Term Loan Agreement Signature Page 

 
			
	 RAYMOND JAMES FINANCE COMPANY
 OF CANADA LTD.

		
	By:	 	 /s/ Mark E. Moody

		 	Name: Mark E. Moody
		 	Title: Director
	
	 Lending Office for CDOR Loans:

	
	 Raymond James Finance Company of Canada Ltd.

	 70 York Street, Suite 1260

	 Toronto, Ontario M5J 1S9

	 Attention: Daniel M. Simunac

	 Facsimile: (416) 342-2590

	
	 Address for Notices:

	
	 Raymond James Finance Company of Canada Ltd.

	 70 York Street, Suite 1260

	 Toronto, Ontario M5J 1S9

	 Attention: Daniel M. Simunac

	 Facsimile: (416) 342-2590

  
 Health
Care REIT, Inc. Term Loan Agreement Signature Page 

 
			
	THE HUNTINGTON NATIONAL BANK
		
	By:	 	 /s/ Cheryl B. Holm

		 	Name: Cheryl B. Holm
		 	Title: Sr. Vice President
	
	 Lending Office for CDOR Loans:

	
	 The Huntington National Bank

	 Loan Operations-Participations

	 2361 Morse Rd.

	 Columbus, OH 43229

	 Attention: Loan Operations-Participations

	 Facsimile: (614) 480-2249

	
	 Address for Notices:

	
	 The Huntington National Bank

	 Loan Operations-Participations

	 2361 Morse Rd.

	 Columbus, OH 43229

	 Attention: Loan Operations-Participations

	 Facsimile: (614) 480-2249

  
 Health
Care REIT, Inc. Term Loan Agreement Signature Page 

 
			
	UBS AG, STAMFORD BRANCH
		
	By:	 	 /s/ Mary E. Evans

		 	Name: Mary E. Evans
		 	Title: Associate Director
		
	By:	 	 /s/ Irja R. Otsa

		 	Name: Irja R. Otsa
		 	Title: Associate Director
	
	Lending Office for CDOR Loans:
	
	UBS AG, Stamford Branch
	677 Washington Blvd.
	Stamford, CT 06901
	Attention: Banking Products Services
	
	Address for Notices:
	
	UBS AG, Stamford Branch
	677 Washington Blvd.
	Stamford, CT 06901
	Attention: Banking Products Services
	Facsimile: (203) 719-4176

  
 Health
Care REIT, Inc. Term Loan Agreement Signature Page 

 EXHIBITS AND SCHEDULES 
 EXHIBITS 
  

			
	 A
	 	Form of Term Loan Note
		
	 B
	 	Form of Assignment and Assumption
		
	 C
	 	Form of Compliance Certificate

 SCHEDULES 
  

			
	1.1	  	Term Loan Commitments and Term Loan Percentages
		
	3.2	  	Consents, Waivers, Approvals; Violation of Agreements
		
	3.6	  	Judgments, Actions, Proceedings
		
	3.7	  	Defaults; Compliance with Laws, Regulations, Agreements
		
	3.8	  	Burdensome Documents
		
	3.13	  	Name Changes, Mergers, Acquisitions
		
	3.16	  	Employee Benefit Plans
		
	7.1	  	Permitted Indebtedness and Guarantees
		
	7.2	  	Permitted Security Interests, Liens and Encumbrances

 EXHIBIT A 
 FORM OF TERM LOAN NOTE 
 Dated:
            , 2012 
 FOR VALUE RECEIVED, the undersigned
(the “Borrower”), hereby promises to pay to the order of             (the “Lender”) on the Term Loan Commitment Maturity Date, the aggregate unpaid
principal amount of the Term Loans made by the Lender to the Borrower outstanding on the close of business on the Term Loan Commitment Maturity Date; and to pay interest on the unpaid principal amount of each Term Loan from time to time outstanding
on the dates, at the rates per annum, and for the periods, set forth in or established by the Loan Agreement referred to below and calculated as provided therein. 
 The Borrower shall pay interest on any Term Loan or any installment thereof, which is not paid in full when due (whether at stated maturity, by acceleration or otherwise) for the period commencing on the
due date thereof until the same is paid in full at the applicable Post-Default Rate, and all of such interest shall be payable on demand. 
 Anything herein to the contrary notwithstanding, the obligation of the Borrower to make payments of interest shall be subject to the limitation that payments of interest shall not be required to be made
to the Lender to the extent that the Lender’s receipt thereof would not be permissible under the law or laws applicable to the Lender limiting rates of interest which may be charged or collected by the Lender. Any such payments of interest
which are not made as a result of the limitation referred to in the preceding sentence shall be made by the Borrower to the Lender on the earliest interest payment date or dates on which the receipt thereof would be permissible under the laws
applicable to the Lender limiting rates of interest which may be charged or collected by the Lender. 
 Payments of both
principal and interest on this Term Loan Note are to be made to the office of KeyBank National Association, as Administrative Agent, at 127 Public Square, Cleveland, Ohio 44114-1306 or such other place as the holder hereof shall designate to the
Borrower in writing, in lawful money of the United States of America in immediately available funds. 
 This Term Loan Note is
one of the Term Loan Notes referred to in, and is entitled to the benefits of, the Term Loan Agreement dated as of May 24, 2012 by and among the Borrower, the Lenders from time to time party thereto (including the Lender) and KeyBank National
Association, as Administrative Agent (as amended, modified or supplemented from time to time, the “Loan Agreement”). Capitalized terms used but not otherwise defined herein shall have the respective meanings ascribed thereto in the
Loan Agreement. 
 The Lender is hereby authorized by the Borrower to record on the schedule to this Term Loan Note (or on a
supplemental schedule thereto) the amount of each Term Loan made by the Lender to the Borrower and the amount of each payment or repayment of principal of such Term Loans received by the Lender, it being understood, however, that failure to make any
such notation shall not affect the rights of the Lender or the obligations of the Borrower hereunder or under the Loan Agreement. The Lender may, at its option, record such matters in its internal records rather than on such schedule. 

 Upon the occurrence of any Event of Default, the principal amount and accrued interest on
this Term Loan Note may be declared or may become due and payable in the manner and with the effect provided in the Loan Agreement. 
 The Borrower shall pay costs and expenses of collection, including, without limitation, attorneys’ fees and disbursements in the event that any action, suit or proceeding is brought by the holder
hereof to collect this Term Loan Note. 

  
 2 

 THIS TERM LOAN NOTE SHALL BE GOVERNED BY, AND CONSTRUED AND ENFORCED IN ACCORDANCE WITH,
THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO ITS RULES PERTAINING TO CONFLICTS OF LAWS. 
  

			
	HEALTH CARE REIT, INC.
		
	By:	 	 
	Name:	 	Scott A. Estes
	 Title:
	 	 Executive Vice President

and Chief Financial Officer

 Health Care REIT, Inc. Term Loan Note Signature Page 

 SCHEDULE TO TERM LOAN NOTE 

 

									
	 Date Made
	 	 Type and

Amount of Loan
	 	 Amount of

Principal Paid or Prepaid
	 	 Unpaid Principal

Amount of Term Loan Note
	 	 Notation

Made By

 EXHIBIT B 
 FORM OF ASSIGNMENT AND ASSUMPTION 
 This Assignment and Assumption
(the “Assignment and Assumption”) is dated as of the Effective Date set forth below and is entered into by and between [Insert name of Assignor] (the “Assignor”) and [Insert name of Assignee] (the
“Assignee”). Capitalized terms used but not defined herein shall have the meanings given to them in the Loan Agreement identified below (as amended, the “Loan Agreement”), receipt of a copy of which is hereby
acknowledged by the Assignee. The Standard Terms and Conditions set forth in Annex 1 attached hereto are hereby agreed to and incorporated herein by reference and made a part of this Assignment and Assumption as if set forth herein in full.

 For an agreed consideration, the Assignor hereby irrevocably sells and assigns to the Assignee, and the Assignee hereby
irrevocably purchases and assumes from the Assignor, subject to and in accordance with the Standard Terms and Conditions and the Loan Agreement, as of the Effective Date inserted by the Administrative Agent as contemplated below, (i) all of the
Assignor’s rights and obligations in its capacity as a Lender under the Loan Agreement and any other documents or instruments delivered pursuant thereto to the extent related to the amount and percentage interest identified below of all of such
outstanding rights and obligations of the Assignor under the respective facilities identified below (including any letters of credit, and guarantees included in such facilities) and (ii) to the extent permitted to be assigned under applicable
law, all claims, suits, causes of action and any other right of the Assignor (in its capacity as a Lender) against any Person, whether known or unknown, arising under or in connection with the Loan Agreement, any other documents or instruments
delivered pursuant thereto or the loan transactions governed thereby or in any way based on or related to any of the foregoing, including contract claims, tort claims, malpractice claims, statutory claims and all other claims at law or in equity
related to the rights and obligations sold and assigned pursuant to clause (i) above (the rights and obligations sold and assigned pursuant to clauses (i) and (ii) above being referred to herein collectively as the “Assigned
Interest”). Such sale and assignment is without recourse to the Assignor and, except as expressly provided in this Assignment and Assumption, without representation or warranty by the Assignor. 

 

					
	1.	  	Assignor:	  	 
	2.	  	Assignee:	  	 
		  		  	[and is an Affiliate/Approved Fund of [identify Lender]2]
	3.	  	Borrower:	  	HEALTH CARE REIT, INC.
	4.	  	Administrative Agent:	  	            , as the administrative agent under the Loan Agreement
	5.	  	Loan Agreement:	  	The Term Loan Agreement dated as of May 24, 2012 among HEALTH CARE REIT, INC., the Lenders parties thereto, KEYBANK NATIONAL ASSOCIATION, as Administrative Agent, and the other
parties thereto

 2 Select as applicable. 

 6. Assigned Interest: 
  

							
	 Aggregate
Amount of Term Loan
 Commitment/Term Loans for all

Lenders
	  	Amount of Term Loan
 Commitment/Term Loans Assigned
	  	 
  

 
  

 

	Percentage
 Assigned of Term
 Loans

Commitment/Term

Loans
3

	  
   

  
   

  

	 CAD
	  	$	  	 	%	  
	 CAD
	  	$	  	 	%	  
	 CAD
	  	$	  	 	%	  

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

The Assignee agrees to deliver to the Administrative Agent a completed Administrative Questionnaire in which the Assignee designates one
or more Credit Contacts to whom all syndicate-level information (which may contain material non-public information about the Borrower[, the other Loan Parties] and [its] [their] Related Parties or their respective securities) will be made available
and who may receive such information in accordance with the Assignee’s compliance procedures and applicable laws, including Federal and state securities laws. 
 The terms set forth in this Assignment and Assumption are hereby agreed to: 
  

			
	ASSIGNOR
	
	[NAME OF ASSIGNOR]
		
	By:	 	 
	Title:	 	

  

			
	 ASSIGNEE 

	
	 [NAME OF ASSIGNEE]

		
	By:	 	 
	Title:	 	

  

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

  
 2 

			
	[Consented to and]4 Accepted:
	
	 [NAME OF ADMINISTRATIVE AGENT], as

	 Administrative Agent

		
	By:	 	 
	 Title:
	 	

  

			
	 [Consented to:]5 

	
	 HEALTH CARE REIT, INC.

		
	By:	 	 
	 Title:
	 	

  

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

	5 	 To be added only if the consent of the Borrower is required by the terms of the Loan Agreement. 

  
 3 

 ANNEX 1 

[                   
 ]5 

STANDARD TERMS AND CONDITIONS FOR 
 ASSIGNMENT AND ASSUMPTION 
 1. Representations and Warranties. 

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

1.2. Assignee. The Assignee (a) represents and warrants that (i) it has full power and authority, and has taken all
action necessary, to execute and deliver this Assignment and Assumption and to consummate the transactions contemplated hereby and to become a Lender under the Loan Agreement, (ii) it satisfies the requirements, if any, specified in the Loan
Agreement that are required to be satisfied by it in order to acquire the Assigned Interest and become a Lender, (iii) from and after the Effective Date, it shall be bound by the provisions of the Loan Agreement as a Lender thereunder and, to
the extent of the Assigned Interest, shall have the obligations of a Lender thereunder, (iv) it has received a copy of the Loan Agreement, together with copies of the most recent financial statements delivered pursuant to
Section         thereof, as applicable, and such other documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into this Assignment and Assumption and to
purchase the Assigned Interest on the basis of which it has made such analysis and decision independently and without reliance on the Administrative Agent or any other Lender, and (v) if it is a Non-U.S. Lender, attached to the Assignment and
Assumption is any documentation required to be delivered by it pursuant to the terms of the Loan Agreement, duly completed and executed by the Assignee; and (b) agrees that (i) it will, independently and without reliance on the
Administrative Agent, the Assignor or any other Lender, and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under the Loan Documents, and
(ii) it will perform in accordance with their terms all of the obligations which by the terms of the Loan Documents are required to be performed by it as a Lender. 
  

	5 	 Describe Loan Agreement at option of Administrative Agent. 

 2. Payments. From and after the Effective Date, the Administrative Agent shall make
all payments in respect of the Assigned Interest (including payments of principal, interest, fees and other amounts) to the Assignor for amounts which have accrued to but excluding the Effective Date and to the Assignee for amounts which have
accrued from and after the Effective Date. 
 3. General Provisions. This Assignment and Assumption shall be binding
upon, and inure to the benefit of, the parties hereto and their respective successors and assigns. This Assignment and Assumption may be executed in any number of counterparts, which together shall constitute one instrument. Delivery of an executed
counterpart of a signature page of this Assignment and Assumption by facsimile shall be effective as delivery of a manually executed counterpart of this Assignment and Assumption. This Assignment and Assumption shall be governed by, and construed in
accordance with, the law of the State of New York. 

  
 2 

 EXHIBIT C 
 FORM OF COMPLIANCE CERTIFICATE 
 OFFICER’S CERTIFICATE

 The undersigned hereby certifies that: 
 (A) Health Care REIT, Inc., on a consolidated basis, is in compliance with the financial covenants as set forth in the annexed Compliance Certificate pursuant to the Term Loan Agreement dated as of
May 24, 2012 (as amended, supplemented, replaced, renewed or otherwise modified from time to time, the “Loan Agreement”) among Health Care REIT, Inc., the banks party thereto (the “Lenders”) and KeyBank
National Association, as Administrative Agent for itself and the Lenders (in such capacity, the “Administrative Agent”), and that all the computations of the financial covenants set forth in the attachments hereto are correct and
complete as of the close of business on [DATE] and are in conformity with the terms and conditions of the Loan Agreement. 
 (B) The representations and warranties contained in Article 3 of the Loan Agreement and in the other Loan Documents (as defined in the Loan Agreement) are true and correct and with the same effect as
though such representations and warranties were made on the date of this Compliance Certificate (provided Section 3.6 of the Loan Agreement relates only to claims in excess of $5,000,000 as of the date hereof), except for changes in the
ordinary course of business, none of which either singly or in the aggregate, have a Material Adverse Effect (as defined in the Loan Agreement). 
 (C) No Event of Default and no Default (as defined in the Loan Agreement) has occurred and is continuing. 
  

							
		 		 	HEALTH CARE REIT, INC.
				
	Date:	 		 	By:	 	 
		 		 	Name:	 	  

		 		 	Title:	 	  

 Health Care REIT, Inc. Term Loan Agreement 

Compliance Certificate: Quarter Ended (date) 
 I. Section 6.9: 
  

	a)	Maximum Funded Indebtedness to the sum of (x) Tangible Net Worth, plus (y) Funded Indebtedness of Not Greater than 0.60: 1.0 [or Not Greater than 0.65:1.0, as
the case may be]: 

  

									
	 As of: (date) in thousands
	  				 			
	 Funded Indebtedness
	  	$	  	  	 			
			
	 Shareholders’ Equity
	  	$	 	  	 			
		  	  
	  
	 	 			
	 less: Goodwill and Noncompete Agreements
	  				 			
		  	  
	  
	 	 			
	 Unamortized Deferred Costs
	  				 			
		  	  
	  
	 	 			
	 Treasury Stock
	  				 			
		  	  
	  
	 	 			
	 Tangible Net Worth
	  	$	 	  	 			
		  	  
	  
	 	 			
			
	 Sum of Tangible Net Worth and Funded Indebtedness
	  	$	 	  	 			
		  	  
	  
	 	 			
	Ratio 	  	 	            	(%) 	 	 	COMPLIANCE	  
		  	  
	  
	 	 	  
	  
	 

 ********************************************************************************** 

 

	b)	Minimum Tangible Net Worth of Not Less than $5,500,000,000: 

  

							
	 As of: (date) in thousands
	  		  			
	 Tangible Net Worth
	  	$            	  			
		  	  
	  			
	 Total Tangible Net Worth
	  	$            	  	 	COMPLIANCE	  
		  	  
	  			

 ********************************************************************************** 

 

	c)	Minimum EBITDA/Fixed Charges of Not Less than 150% (rolling four quarters basis): 

 

					
		
	 The Borrower:
	  			
	 Last Four Quarters EBITDA:
	  			
	 March 31, 20        
	  	$	___________	  
	 December 31, 20        
	  	$	___________	  
	 September 30, 20        
	  	$	___________	  
	 June 30, 20        
	  	$	___________	  
		
	 Rolling Four Quarter EBITDA
	  	$	  	  
		
	divided by the sum of (a), (b) and (c):	  			
		
	Last Four Quarters Interest Expense on All Indebtedness:	  			
	 March 31, 20        
	  	$	___________	  
	 December 31, 20        
	  	$	___________	  
	 September 30, 20        
	  	$	___________	  
	 June 30, 20        
	  	$	___________	  
	 (a) Rolling Four Quarter Interest
	  	$	 	  
	Last Four Quarters scheduled principal payments on Funded Indebtedness:	  			
	 March 31, 20        
	  	$	___________	  
	 December 31, 20        
	  	$	___________	  
	 September 30, 20        
	  	$	___________	  
	 June 30, 20        
	  	$	___________	  
	 (b) Rolling Four Quarter Principal Payments
	  	$	  	  

  

									
	Last Four Quarters dividends/distributions re Preferred Stock:	  				 			
	 March 31, 20        
	  	$	                    	  	 			
		  	  
	  
	 	 			
	 December 31, 20        
	  	$	 	  	 			
		  	  
	  
	 	 			
	 September 30, 20        
	  	$	 	  	 			
		  	  
	  
	 	 			
	 June 30, 20        
	  	$	 	  	 			
		  	  
	  
	 	 			
	 (c) Rolling Four Quarter Preferred Stock Distributions 
	  	$	 	  	 			
	 Ratio
	  	 	(	%) 	 	 	COMPLIANCE	  
		  	  
	  
	 	 	  
	  
	 

 ************************************************************************** 

 

	d)	Unsecured Indebtedness/Unencumbered Assets of Not Greater than 0.60:1.00 [or Not Greater than 0.65:1.0, as the case may be]: 

 
  

													
	 As of: (date) in thousands
	  				  				 			
	 Net real estate investments (valued at book)
	  	$	                    	  	  				 			
		  	  
	  
	 	  				 			
	 Loan loss reserves
	  				  	$	                    	  	 			
		  				  	  
	  
	 	 			
	 Depreciation
	  				  	$	 	  	 			
		  				  	  
	  
	 	 			
	 Cash
	  				  	$	 	  	 			
		  				  	  
	  
	 	 			
	 Less: encumbered assets
	  				  	($	)	  	 			
		  				  	  
	  
	 	 			
	 Unencumbered Assets:
	  				  	$	 	  	 			
		  				  	  
	  
	 	 			
	 Unsecured Indebtedness:
	  				  	$	 	  	 			
		  				  	  
	  
	 	 			
	 Ratio
	  				  	 	(	%) 	 	 	COMPLIANCE	  
		  				  	  
	  
	 	 	  
	  
	 

 **************************************************************************** 

II. Section 7.1(f): 
 (i) Total outstanding
amount of Indebtedness permitted under Section 7.1(c), plus (ii) total outstanding amount of additional secured Indebtedness of the Borrower, on a consolidated basis, does not exceed 30% of Consolidated Total Assets 

 

									
	 As of: (date) in thousands
	  				 			
	 Indebtedness permitted under Section 7.1(c)
	  	$	                    	  	 			
		  	  
	  
	 	 			
	 Additional secured Indebtedness
	  	$	 	  	 			
		  	  
	  
	 	 			
	 Total:
	  	$	 	  	 			
		  	  
	  
	 	 			
	 Consolidated Total Assets
	  	$	 	  	 			
		  	  
	  
	 	 			
	 Ratio
	  	 	(	%) 	 	 	COMPLIANCE	  
		  	  
	  
	 	 	  
	  
	 
		  				 			

 **************************************************************************** 

III. Section 7.8(d): 
 Cash portion of
additional Investments not to exceed 25% of Consolidated Total Assets 
  

									
	 As of: (date) in thousands
	  				 			
	 Cash portion of additional Investments
	  	$	                    	  	 			
		  	  
	  
	 	 			
	 Consolidated Total Assets
	  	$	 	  	 			
		  	  
	  
	 	 			
	 Ratio
	  	 	(	%) 	 	 	COMPLIANCE	  
		  	  
	  
	 	 	  
	  
	 

 **************************************************************************** 

  
 2 

 IV. Section 7.14: 
 Outstanding principal, accrued interest and related fees in connection with Construction Investments not to exceed 35% of Consolidated Total Assets; 

 

									
	 As of: (date) in thousands
	  				 			
	 Construction Investments
	  				 			
	 Principal
	  	$	                    	  	 			
		  	  
	  
	 	 			
	 Accrued interest
	  	$	 	  	 			
		  	  
	  
	 	 			
	 Fees
	  	$	 	  	 			
		  	  
	  
	 	 			
	 Total
	  	$	 	  	 			
		  	  
	  
	 	 			
	 Consolidated Total Assets
	  	$	 	  	 			
		  	  
	  
	 	 			
	 Ratio
	  	 	(	%) 	 	 	COMPLIANCE	  
		  	  
	  
	 	 	  
	  
	 

  
 3 

 SCHEDULE 1.1 
 TERM LOAN COMMITMENTS 
 AND TERM LOAN PERCENTAGES 

 

									
	 Lender
	  	Term
Loan Commitment	 	  	Term
Loan
Percentage	 
	 JPMorgan Chase Bank, N.A.
	  	 	CAD16,000,000	  	  	 	6.400000000	% 
	 Bank of America, N.A.
	  	 	CAD16,000,000	  	  	 	6.400000000	% 
	 Royal Bank of Canada
	  	 	CAD16,000,000	  	  	 	6.400000000	% 
	 KeyBank National Association
	  	 	CAD16,000,000	  	  	 	6.400000000	% 
	 Citibank, N.A.
	  	 	CAD16,000,000	  	  	 	6.400000000	% 
	 Compass Bank
	  	 	CAD16,000,000	  	  	 	6.400000000	% 
	 Fifth Third Bank
	  	 	CAD16,000,000	  	  	 	6.400000000	% 
	 PNC Bank, National Association
	  	 	CAD16,000,000	  	  	 	6.400000000	% 
	 The Bank of New York Mellon
	  	 	CAD16,000,000	  	  	 	6.400000000	% 
	 Wells Fargo Bank, National Association
	  	 	CAD16,000,000	  	  	 	6.400000000	% 
	 Barclays Bank PLC
	  	 	CAD10,000,000	  	  	 	4.000000000	% 
	 City National Bank
	  	 	CAD10,000,000	  	  	 	4.000000000	% 
	 Comerica Bank
	  	 	CAD10,000,000	  	  	 	4.000000000	% 
	 Credit Agricole Corporate and Investment Bank
	  	 	CAD10,000,000	  	  	 	4.000000000	% 
	 Deutsche Bank AG New York Branch
	  	 	CAD10,000,000	  	  	 	4.000000000	% 
	 Morgan Stanley Bank, N.A.
	  	 	CAD10,000,000	  	  	 	4.000000000	% 
	 Raymond James Finance Company of Canada Ltd.
	  	 	CAD10,000,000	  	  	 	4.000000000	% 
	 The Huntington National Bank
	  	 	CAD10,000,000	  	  	 	4.000000000	% 
	 UBS Loan Finance LLC
	  	 	CAD10,000,000	  	  	 	4.000000000	% 
			
	 Total
	  	 	CAD250,000,000	  	  	 	100.000000000	%EX-10.1

 Exhibit 10.1 
 Your plan is an important legal document. This sample plan has been prepared based on our understanding of the desired provisions. It may not fit your situation. You should consult with your lawyer on the
plan’s legal and tax implications. Neither Principal Life Insurance Company nor its agents can be responsible for the legal or tax aspects of the plan nor its appropriateness for your situation. If you wish to change the provisions of this
sample plan, you may ask us to prepare new sample wording for you and your lawyer to review. 

 CASS INFORMATION SYSTEMS, INC. 

401(k) PLAN 
 401(k) Plan
CL2010 
 Restated June 1, 2012 
  

  

					
		 		  	-2

 TABLE OF CONTENTS 
  

									
	 INTRODUCTION
	  	 	1	  
				
	 ARTICLE I
	 		  	FORMAT AND DEFINITIONS	  	 	2	  
				
	 Section 1.01
	 	—	  	Format	  	 	2	  
	 Section 1.02
	 	—	  	Definitions	  	 	2	  
				
	 ARTICLE II
	 		  	PARTICIPATION	  	 	18	  
				
	 Section 2.01
	 	—	  	Active Participant	  	 	18	  
	 Section 2.02
	 	—	  	Inactive Participant	  	 	19	  
	 Section 2.03
	 	—	  	Cessation of Participation	  	 	19	  
	 Section 2.04
	 	—	  	Adopting Employers - Single Plan	  	 	19	  
				
	 ARTICLE III
	 		  	CONTRIBUTIONS	  	 	21	  
				
	 Section 3.01
	 	—	  	Employer Contributions	  	 	21	  
	 Section 3.02
	 	—	  	Voluntary Contributions by Participants	  	 	24	  
	 Section 3.03
	 	—	  	Rollover Contributions	  	 	24	  
	 Section 3.04
	 	—	  	Forfeitures	  	 	25	  
	 Section 3.05
	 	—	  	Allocation	  	 	26	  
	 Section 3.06
	 	—	  	Contribution Limitation	  	 	27	  
	 Section 3.07
	 	—	  	Excess Amounts	  	 	31	  
				
	 ARTICLE IV
	 		  	INVESTMENT OF CONTRIBUTIONS	  	 	41	  
				
	 Section 4.01
	 	—	  	Investment and Timing of Contributions	  	 	41	  
	 Section 4.02
	 	—	  	Qualifying Employer Securities	  	 	42	  
				
	 ARTICLE V
	 		  	BENEFITS	  	 	45	  
				
	 Section 5.01
	 	—	  	Retirement Benefits	  	 	45	  
	 Section 5.02
	 	—	  	Death Benefits	  	 	45	  
	 Section 5.03
	 	—	  	Vested Benefits	  	 	45	  
	 Section 5.04
	 	—	  	When Benefits Start	  	 	45	  
	 Section 5.05
	 	—	  	Withdrawal Benefits	  	 	46	  
	 Section 5.06
	 	—	  	Loans to Participants	  	 	47	  
	 Section 5.07
	 	—	  	Distributions Under Qualified Domestic Relations Orders	  	 	49	  
				
	 ARTICLE VI
	 		  	DISTRIBUTION OF BENEFITS	  	 	51	  
				
	 Section 6.01
	 	—	  	Automatic Forms of Distribution	  	 	51	  
	 Section 6.02
	 	—	  	Optional Forms of Distribution	  	 	51	  
	 Section 6.03
	 	—	  	Election Procedures	  	 	51	  
	 Section 6.04
	 	—	  	Notice Requirements	  	 	53	  

  

					
	 RESTATEMENT JUNE 1, 2012
	 	i	  	TABLE OF CONTENTS (88899) -2

									
	 ARTICLE VII
	 		  	REQUIRED MINIMUM DISTRIBUTIONS	  	 	54	  
				
	 Section 7.01
	 	—	  	Application	  	 	54	  
	 Section 7.02
	 	—	  	Definitions	  	 	54	  
	 Section 7.03
	 	—	  	Required Minimum Distributions	  	 	55	  
	 Section 7.04
	 	—	  	Transition Rules	  	 	59	  
				
	 ARTICLE VIII
	 		  	TERMINATION OF THE PLAN	  	 	60	  
				
	 ARTICLE IX
	 		  	ADMINISTRATION OF THE PLAN	  	 	61	  
				
	 Section 9.01
	 	—	  	Administration	  	 	61	  
	 Section 9.02
	 	—	  	Expenses	  	 	61	  
	 Section 9.03
	 	—	  	Records	  	 	61	  
	 Section 9.04
	 	—	  	Information Available	  	 	62	  
	 Section 9.05
	 	—	  	Claim Procedures	  	 	62	  
	 Section 9.06
	 	—	  	Delegation of Authority	  	 	63	  
	 Section 9.07
	 	—	  	Exercise of Discretionary Authority	  	 	63	  
	 Section 9.08
	 	—	  	Transaction Processing	  	 	64	  
				
	 ARTICLE X
	 		  	GENERAL PROVISIONS	  	 	65	  
				
	 Section 10.01
	 	—	  	Amendments	  	 	65	  
	 Section 10.02
	 	—	  	Direct Rollovers	  	 	66	  
	 Section 10.03
	 	—	  	Mergers and Direct Transfers	  	 	66	  
	 Section 10.04
	 	—	  	Provisions Relating to the Insurer and Other Parties	  	 	68	  
	 Section 10.05
	 	—	  	Employment Status	  	 	68	  
	 Section 10.06
	 	—	  	Rights to Plan Assets	  	 	68	  
	 Section 10.07
	 	—	  	Beneficiary	  	 	68	  
	 Section 10.08
	 	—	  	Nonalienation of Benefits	  	 	69	  
	 Section 10.09
	 	—	  	Construction	  	 	69	  
	 Section 10.10
	 	—	  	Legal Actions	  	 	69	  
	 Section 10.11
	 	—	  	Small Amounts	  	 	69	  
	 Section 10.12
	 	—	  	Word Usage	  	 	70	  
	 Section 10.13
	 	—	  	Change in Service Method	  	 	70	  
	 Section 10.14
	 	—	  	Military Service	  	 	72	  
				
	 ARTICLE XI
	 		  	TOP-HEAVY PLAN REQUIREMENTS	  	 	73	  
				
	 Section 11.01
	 	—	  	Application	  	 	73	  
	 Section 11.02
	 	—	  	Definitions	  	 	73	  
	 Section 11.03
	 	—	  	Modification of Contributions	  	 	74	  
		
	PLAN EXECUTION	  	 	77	  
		
	PROTECTED BENEFIT ADDENDUM	  	 	78	  

  

					
	 RESTATEMENT JUNE 1, 2012
	 	ii	  	TABLE OF CONTENTS (88899) -2

 INTRODUCTION 
 The Primary Employer previously established a 401(k) plan on January 1, 1986. 

The Primary Employer is of the opinion that the plan should be changed. It believes that the best means to accomplish these changes is to
completely restate the plan’s terms, provisions and conditions. The restatement, effective June 1, 2012, is set forth in this document and is substituted in lieu of the prior document with the exception of any good faith compliance
amendment and any model amendment. Such amendment(s) shall continue to apply to this restated plan until such provisions are integrated into the plan or such amendment(s) are superseded by another amendment. 

The restated plan continues to be for the exclusive benefit of employees of the Employer. All persons covered under the plan on
May 31, 2012, shall continue to be covered under the restated plan with no loss of benefits. 
 It is intended that the
plan, as restated, shall qualify as a profit sharing plan under the Internal Revenue Code of 1986, including any later amendments to the Code. 
 This plan includes the statutory, regulatory, and guidance changes specified in the 2010 Cumulative List of Changes in Plan Qualification Requirements (2010 Cumulative List) contained in Internal Revenue
Service Notice 2010-90 and the qualification requirements and guidance published before the issuance of such list. The provisions of this plan apply as of the effective date of the restatement unless otherwise specified. 

The Profitlab, Inc. 401(k)/Profit Sharing Plan merged into this plan as of November 1, 2004. 

Any participant under the above referenced plan who is an Eligible Employee as defined in the DEFINITIONS SECTION of Article I shall
continue to be a Participant in this Plan. His entry date under the prior document shall be deemed to be his Entry Date under this Plan. 

  

					
	 RESTATEMENT JUNE 1, 2012
	 	1	  	INTRODUCTION (88899) -2

 ARTICLE I 
 FORMAT AND DEFINITIONS 
 SECTION 1.01—FORMAT. 

Words and phrases defined in the DEFINITIONS SECTION of Article I shall have that defined meaning when used in this Plan, unless the
context clearly indicates otherwise. 
 These words and phrases have an initial capital letter to aid in identifying them as
defined terms. 
 SECTION 1.02—DEFINITIONS. 
 Account means, for a Participant, his share of the Plan Fund. Separate accounting records are kept for those parts of his Account resulting from: 

 

	 	(a)	Voluntary Contributions 

  

	 	(b)	Pre-tax Elective Deferral Contributions 

  

	 	(c)	Matching Contributions 

  

	 	(d)	Qualified Nonelective Contributions 

  

	 	(e)	Other Employer Contributions 

  

	 	(f)	Rollover Contributions 

 A
Participant’s Account shall be reduced by any distribution of his Vested Account and by any Forfeitures. A Participant’s Account shall participate in the earnings credited, expenses charged, and any appreciation or depreciation of the
Investment Fund. His Account is subject to any minimum guarantees applicable under the Annuity Contract or other investment arrangement and to any expenses associated therewith. 

ACP Test means the nondiscrimination test described in Code Section 401(m)(2) as provided for in subparagraph (d) of the
EXCESS AMOUNTS SECTION of Article III. 
 Active Participant means an Eligible Employee who is actively participating in
the Plan according to the provisions in the ACTIVE PARTICIPANT SECTION of Article II. 
 Adopting Employer means an
employer that is a Controlled Group member and is listed in the ADOPTING EMPLOYERS—SINGLE PLAN SECTION of Article II. 

ADP Test means the nondiscrimination test described in Code Section 401(k)(3) as provided for in subparagraph (c) of the
EXCESS AMOUNTS SECTION of Article III. 
 Affiliated Service Group means any group of corporations, partnerships or other
organizations of which the Employer is a part and that is affiliated within the meaning of Code Section 414(m) and the regulations thereunder. Such a group includes at least two organizations one of which is either a service organization (that
is, an organization the principal business of which is performing services), or 

  

					
	 RESTATEMENT JUNE 1, 2012
	 	2	  	ARTICLE I (88899) -2

 
an organization the principal business of which is performing management functions on a regular and continuing basis. Such service is of a type historically performed by employees. In the case of
a management organization, the Affiliated Service Group shall include organizations related, within the meaning of Code Section 144(a)(3), to either the management organization or the organization for which it performs management functions. The
term Controlled Group, as it is used in this Plan, shall include the term Affiliated Service Group. 
 Alternate Payee
means any spouse, former spouse, child, or other dependent of a Participant who is recognized by a qualified domestic relations order as having a right to receive all, or a portion of, the benefits payable under the Plan with respect to such
Participant. 
 Annual Compensation means, for a Plan Year, the Employee’s Compensation for the Compensation Year
ending with or within the consecutive 12-month period ending on the last day of the Plan Year. 
 Annuity Contract means
the annuity contract or contracts into which the Trustee or the Primary Employer enters with the Insurer for guaranteed benefits, for the investment of Contributions in separate accounts, and for the payment of benefits under this Plan. 

Annuity Starting Date means, for a Participant, the first day of the first period for which an amount is payable as an annuity or
any other form. 
 Beneficiary means the person or persons named by a Participant to receive any benefits under the Plan
when the Participant dies. See the BENEFICIARY SECTION of Article X. 
 Catch-up Contributions means Elective Deferral
Contributions made to the Plan that are in excess of an otherwise applicable Plan limit and that are made by Participants who are age 50 or older by the end of the taxable year. An otherwise applicable Plan limit is a limit in the Plan that applies
to Elective Deferral Contributions without regard to Catch-up Contributions, such as the limits on the Maximum Annual Additions, as defined in the CONTRIBUTION LIMITATION SECTION of Article III, the dollar limitation on Elective Deferral
Contributions under Code Section 402(g) (not counting Catch-up Contributions), and the limit imposed by the ADP Test. 

Catch-up Contributions are not subject to the limits on the Maximum Annual Additions, as defined in the CONTRIBUTION LIMITATION SECTION of
Article III, are not counted in the ADP Test, and are not counted in determining the minimum allocation under Code Section 416 (but Catch-up Contributions made in prior years are counted in determining whether the Plan is top-heavy).

 Claimant means any person who makes a claim for benefits under this Plan. See the CLAIM PROCEDURES SECTION of Article
IX. 
 Code means the Internal Revenue Code of 1986, as amended. 

Compensation means, except for purposes of the CONTRIBUTION LIMITATION SECTION of Article III and Article XI, the total earnings,
except as modified in this definition, from the Employer or a Predecessor Employer that did not maintain this Plan during any specified period. Earnings exclude earnings while a partner or proprietor of such Predecessor Employer. 

“Earnings” in this definition means wages, within the meaning of Code Section 3401(a), and all other payments of
compensation to an Employee by the Employer (in the course of the Employer’s trade or business) for which the Employer is required to furnish the Employee a written statement under Code Sections 6041(d), 6051(a)(3), and 6052. Earnings shall be
determined without regard to any rules 

  

					
	 RESTATEMENT JUNE 1, 2012
	 	3	  	ARTICLE I (88899) -2

 
under Code Section 3401(a) that limit the remuneration included in wages based on the nature or location of the employment or the services performed (such as the exception for agricultural
labor in Code Section 3401(a)(2)). The type of compensation that is reported in the “Wages, Tips and Other Compensation” box on Form W-2 satisfies this definition. 

For any Self-employed Individual, Compensation means Earned Income. 

Except as provided herein, Compensation for a specified period is the Compensation actually paid or made available (or if earlier,
includible in gross income) during such period. 
 Compensation for a Plan Year shall also include Compensation paid by the later
of 2 1/2 months after an Employee’s Severance from Employment with the Employer maintaining the Plan or the end of the Plan Year that includes the date of the Employee’s Severance from Employment with the Employer maintaining the Plan, if
the payment is regular Compensation for services during the Employee’s regular working hours, or Compensation for services outside the Employee’s regular working hours (such as overtime or shift differential), commissions, bonuses, or
other similar payments, and, absent a Severance from Employment, the payments would have been paid to the Employee while the Employee continued in employment with the Employer. 
 Any payments not described above shall not be considered Compensation if paid after Severance from Employment, even if they are paid by the later of 2 1/2 months after the date of Severance from
Employment or the end of the Limitation Year that includes the date of Severance from Employment. 
 Back pay, within the meaning
of section 1.415(c)-2(g)(8) of the regulations, shall be treated as Compensation for the Plan Year to which the back pay relates to the extent the back pay represents wages and compensation that would otherwise be included in this definition.

 Compensation paid or made available during a specified period shall include amounts that would otherwise be included in
Compensation, but for an election under Code Section 125(a), 132(f)(4), 402(e)(3), 402(h)(1)(B), 402(k), or 457(b). Compensation shall also include employee contributions “picked up” by a governmental entity and, pursuant to Code
Section 414(h)(2), treated as Employer contributions. 
 Compensation shall also include deemed Code Section 125
Compensation. Deemed Code Section 125 Compensation is an amount that is excludible under Code Section 106 that is not available to a Participant in cash in lieu of group health coverage under a Code Section 125 arrangement solely
because the Participant is unable to certify that he has other health coverage. Amounts are deemed Code Section 125 Compensation only if the Employer does not request or otherwise collect information regarding the Participant’s other
health coverage as part of the enrollment process for the health plan. 
 For purposes of determining the amount of Elective
Deferral Contributions and Matching Contributions, Compensation shall exclude reimbursements or other expense allowances, fringe benefits (cash and noncash), moving expenses, deferred compensation (other than elective contributions), and welfare
benefits. 

  

					
	 RESTATEMENT JUNE 1, 2012
	 	4	  	ARTICLE I (88899) -2

 For purposes of determining the allocation or amount of 

Elective Deferral Contributions 
 Matching Contributions 
 Compensation shall exclude the following: 

anniversary checks and gift certificates 
 Compensation shall include Differential Wage Payments. 
 For purposes of the EXCESS
AMOUNTS SECTION of Article III, the Employer may elect to use an alternative nondiscriminatory definition of Compensation in accordance with the regulations under Code Section 414(s). 

For Plan Years beginning on or after January 1, 2002, the annual Compensation of each Participant taken into account in determining
contributions and allocations for any determination period (the period over which Compensation is determined) shall not exceed $200,000, as adjusted for cost-of-living increases in accordance with Code Section 401(a)(17)(B). The cost-of-living
adjustment in effect for a calendar year applies to any determination period beginning with or within such calendar year. 
 If a
determination period consists of fewer than 12 months, the annual compensation limit is an amount equal to the otherwise applicable annual compensation limit multiplied by a fraction. The numerator of the fraction is the number of months in the
short determination period, and the denominator of the fraction is 12. 
 If Compensation for any prior determination period is
taken into account in determining a Participant’s contributions or allocations for the current Plan Year, the Compensation for such prior determination period is subject to the applicable annual compensation limit in effect for that
determination period. For this purpose, in determining contributions and allocations in Plan Years beginning on or after January 1, 2002, the annual compensation limit in effect for determination periods beginning before that date is $200,000.

 Compensation means, for a Leased Employee, Compensation for the services the Leased Employee performs for the Employer,
determined in the same manner as the Compensation of Employees who are not Leased Employees, regardless of whether such Compensation is received directly from the Employer or from the leasing organization. 

Compensation Year means the consecutive 12-month period ending on the last day of each Plan Year, including corresponding periods
before January 1, 1986. 
 Contributions means Employer Contributions, Participant Contributions, and Rollover
Contributions as set out in Article III, unless the context clearly indicates only specific contributions are meant. 

Controlled Group means any group of corporations, trades, or businesses of which the Employer is a part that is under common
control. A Controlled Group includes any group of corporations, trades, or businesses, whether or not incorporated, which is either a parent-subsidiary group, a brother-sister group, or a combined group within the meaning of Code
Section 414(b), Code Section 414(c) and the regulations thereunder and, for purposes of determining contribution limitations under the CONTRIBUTION LIMITATION SECTION of Article III, as modified by Code Section 415(h). The term
Controlled Group, as it is used in this Plan, shall include the term Affiliated Service Group and any other employer required to be aggregated with the Employer under Code Section 414(o) and the regulations thereunder. 

  

					
	 RESTATEMENT JUNE 1, 2012
	 	5	  	ARTICLE I (88899) -2

 Designated Beneficiary means the individual who is designated by the Participant (or
the Participant’s surviving spouse) as the Beneficiary of the Participant’s interest under the Plan and who is the designated beneficiary under Code Section 401(a)(9) and section 1.401(a)(9)-4 of the regulations. 

Differential Wage Payments means any payments which are made by an Employer to an individual with respect to any period during
which the individual is performing Qualified Military Service while on active duty for a period of more than 30 days, and represents all or a portion of the wages the individual would have received from the Employer if the individual were performing
service for the Employer. 
 Direct Rollover means a payment by the Plan to the Eligible Retirement Plan specified by the
Distributee. 
 Discretionary Contributions means discretionary contributions made by the Employer. See the EMPLOYER
CONTRIBUTIONS SECTION of Article III. 
 Distributee means an Employee or former Employee. In addition, the
Employee’s (or former Employee’s) surviving spouse and the Employee’s (or former Employee’s) spouse or former spouse who is the Alternate Payee under a qualified domestic relations order, as defined in Code Section 414(p),
are Distributees with regard to the interest of the spouse or former spouse. 
 Early Retirement Age means a
Participant’s age on the date he meets the following requirement(s): 
  

	 	(a)	He has attained age 55. 

  

	 	(b)	He has completed three years of Vesting Service. 

 Early Retirement Date means the first day of any month before a Participant’s Normal Retirement Date that the Participant selects for the start of his retirement benefits. This day shall be on
or after the date he has a Severance from Employment and reaches Early Retirement Age. If a Participant has a Severance from Employment before satisfying any age requirement for Early Retirement Age, but after satisfying any other requirements, the
Participant shall be entitled to elect an early retirement benefit upon satisfying such age requirement. 
 Earned Income
means, for a Self-employed Individual, net earnings from self-employment in the trade or business for which this Plan is established if such Self-employed Individual’s personal services are a material income producing factor for that trade
or business. Net earnings shall be determined without regard to items not included in gross income and the deductions properly allocable to or chargeable against such items. Net earnings shall be reduced for the employer contributions to the
employer’s qualified retirement plan(s) to the extent deductible under Code Section 404. 
 Net earnings shall be
determined with regard to the deduction allowed to the employer by Code Section 164(f) for taxable years beginning after December 31, 1989. 

  

					
	 RESTATEMENT JUNE 1, 2012
	 	6	  	ARTICLE I (88899) -2

 Elective Deferral Contributions means contributions made by the Employer in
accordance with elective deferral agreements between Eligible Employees and the Employer. 
 Elective deferral agreements shall
be made, changed, or terminated according to the provisions of the EMPLOYER CONTRIBUTIONS SECTION of Article III. 
 Elective
Deferral Contributions shall be 100% vested and subject to the distribution restrictions of Code Section 401(k) when made. See the WHEN BENEFITS START SECTION of Article V. 

Elective Deferral Contributions means Pre-tax Elective Deferral Contributions. 

Eligibility Service means an Employee’s Period of Service. Eligibility Service shall be measured from his Employment
Commencement Date to his most recent Severance Date. This Period of Service shall be reduced by any Period of Severance that occurred prior to his most recent Severance Date, unless such Period of Severance is included under the service spanning
rule below. This period of Eligibility Service shall be expressed as months (on the basis that 30 days equal one month). 

However, Eligibility Service is modified as follows: 
 Service with a Predecessor Employer that did not maintain this Plan included: 
 An
Employee’s service with a Predecessor Employer that did not maintain this Plan shall be included as service with the Employer. This service excludes service performed while a proprietor or partner. 

Period of Military Duty included: 
 A Period of Military Duty shall be included as service with the Employer to the extent it has not already been credited. 
 Period of Severance included (service spanning rule): 
 A Period of Severance shall
be deemed to be a Period of Service under either of the following conditions: 
  

	 	(a)	the Period of Severance immediately follows a period during which an Employee is not absent from work and ends within 12 months; or 

 

	 	(b)	the Period of Severance immediately follows a period during which an Employee is absent from work for any reason other than quitting, being discharged, or retiring
(such as a leave of absence or layoff) and ends within 12 months of the date he was first absent. 

 Controlled
Group service included: 
 An Employee’s service with a member firm of a Controlled Group while both that firm and the
Employer were members of the Controlled Group shall be included as service with the Employer. 

  

					
	 RESTATEMENT JUNE 1, 2012
	 	7	  	ARTICLE I (88899) -2

 Eligible Employee means any Employee of the Employer excluding the following:

 Bargaining class. Represented for collective bargaining purposes by any collective bargaining agreement between the Employer
and employee representatives, if retirement benefits were the subject of good faith bargaining and if two percent or less of the Employees who are covered pursuant to that agreement are professionals as defined in section 1.410(b)-9 of the
regulations. For this purpose, the term “employee representatives” does not include any organization more than half of whose members are Employees who are owners, officers, or executives of the Employer. 

Nonresident alien, within the meaning of Code Section 7701(b)(1)(B), who receives no earned income, within the meaning of Code
Section 911(d)(2), from the Employer that constitutes income from sources within the United States, within the meaning of Code Section 861(a)(3), or who receives such earned income but it is all exempt from income tax in the United States
under the terms of an income tax convention. 
 Leased Employee. 

An Employee considered by the Employer to be an independent contractor, or the employee of an independent contractor, who is later
determined by the Internal Revenue Service to be an Employee. Such person shall become an Eligible Employee as soon as administratively feasible following the reclassification date, unless he is otherwise excluded under the other exclusion(s)
listed. 
 Employed as an Offsite Invoice Payment Specialist in Columbus, Ohio or St. Louis, Missouri. 

An Employee whose primary work location is other than a processing center maintained by the Employer and whose job title includes
“Offsite”. 
 However, to the extent an Employee becomes an Employee as a result of a Code Section 410(b)(6)(C)
transaction, that Employee shall not be an Eligible Employee during the period beginning on the date of the transaction and ending on the last day of the first Plan Year beginning after the date of the transaction. This period is called the
transition period. The transition period may end earlier if there is a significant change in the coverage under the Plan or if the Employer chooses to cover all similarly situated Employees as of an earlier date. A Code Section 410(b)(6)(C)
transaction is an asset or stock acquisition, merger, or similar transaction involving a change in the employer of the employees of a trade or business. 
 Eligible Retirement Plan means an eligible plan under Code Section 457(b) which is maintained by a state, political subdivision of a state, or any agency or instrumentality of a state or
political subdivision of a state and which agrees to separately account for amounts transferred into such plan from this Plan, an individual retirement account described in Code Section 408(a), an individual retirement annuity described in Code
Section 408(b), for taxable years beginning on or after January 1, 2008, an individual retirement plan described in Code Section 408A(b) subject to any limitations described in Code Section 408A(c), an annuity plan described in
Code Section 403(a), an annuity contract described in Code Section 403(b), or a qualified plan described in Code Section 401(a), that accepts the Distributee’s Eligible Rollover Distribution. The definition of Eligible Retirement
Plan shall also apply in the case of a distribution to a surviving spouse, or to a spouse or former spouse who is the Alternate Payee under a qualified domestic relations order, as defined in Code Section 414(p). 

  

					
	 RESTATEMENT JUNE 1, 2012
	 	8	  	ARTICLE I (88899) -2

 For taxable years beginning on or after January 1, 2006, if any portion of an Eligible
Rollover Distribution is attributable to payments or distributions from a designated Roth account, an Eligible Retirement Plan with respect to such portion shall include only (i) another designated Roth account of the individual from whose
Account the payments or distributions were made under an annuity plan described in Code Section 403(a) or a qualified plan described in Code Section 401(a); (ii) another designated Roth account of such individual under an annuity
contract described in Code Section 403(b); or (iii) a Roth IRA described in Code Section 408A of such individual. 

For taxable years beginning on or after January 1, 2011, if any portion of an Eligible Rollover Distribution is attributable to
payments or distributions from a designated Roth account, an Eligible Retirement Plan with respect to such portion shall include another designated Roth account of such individual under an eligible plan under Code Section 457(b) which is
maintained by a state, political subdivision of a state, or any agency or instrumentality of a state or political subdivision of a state. 
 Eligible Rollover Distribution means any distribution of all or any portion of the balance to the credit of the Distributee, except that an Eligible Rollover Distribution does not include:
(i) any distribution that is one of a series of substantially equal periodic payments (not less frequently than annually) made for the life (or life expectancy) of the Distributee or the joint lives (or joint life expectancies) of the
Distributee and the Distributee’s Designated Beneficiary, or for a specified period of ten years or more; (ii) any distribution to the extent such distribution is required under Code Section 401(a)(9); (iii) any hardship
distribution; (iv) the portion of any other distribution(s) that is not includible in gross income (determined without regard to the exclusion for net unrealized appreciation with respect to employer securities); and (v) any other
distribution(s) that is reasonably expected to total less than $200 during a year. 
 A portion of a distribution shall not fail
to be an Eligible Rollover Distribution merely because the portion consists of after-tax employee contributions that are not includible in gross income. However, such portion may be transferred only to (i) an individual retirement account or
individual retirement annuity described in Code Section 408(a) or (b); (ii) for taxable years beginning on or after January 1, 2007, a qualified plan (defined contribution or defined benefit) or an annuity contract described in Code
Section 403(b) that agrees to separately account for amounts so transferred, including separately accounting for the portion of such distribution which is includible in gross income and the portion of such distribution which is not so
includible; or (iii) for taxable years beginning on or after January 1, 2008, an individual retirement plan described in Code Section 408A(b) subject to any limitations in Code Section 408A(c) that agrees to separately account
for amounts so transferred, including separately accounting for the portion of such distribution which is includible in gross income and the portion of such distribution which is not so includible. 

A portion of a distribution shall not fail to be an Eligible Rollover Distribution merely because the portion consists of the portion of a
designated Roth account that is not includible in a Participant’s gross income. However, for taxable years beginning on or after January 1, 2006, such portion may be transferred only to a Roth IRA described in Code Section 408A or to
a designated Roth account under another plan that agrees to separately account for amounts so transferred, including separately accounting for the portion of such distribution which is includible in gross income and the portion of such distribution
which is not so includible. 
 If the distribution includes any portion of a designated Roth account, in determining if
(v) above applies: (i) any portion of the distribution from the designated Roth account shall not be treated as an Eligible Rollover Distribution if it is reasonably expected to total less than $200 during a year and (ii) the balance of
the distribution, if any, shall not be treated as an Eligible Rollover Distribution if it is reasonably expected to total less than $200 during a year. In addition, for taxable years beginning on

  

					
	 RESTATEMENT JUNE 1, 2012
	 	9	  	ARTICLE I (88899) -2

 
or after January 1, 2006, a designated Roth account and all other accounts under the Plan shall be treated as accounts held under two separate plans and shall not be combined in determining
a mandatory distribution of an Eligible Rollover Distribution greater than $1,000 in the DIRECT ROLLOVERS SECTION of Article X. 

Employee means an individual who is employed by the Employer or any other employer required to be aggregated with the Employer
under Code Sections 414(b), (c), (m), or (o). A Controlled Group member is required to be aggregated with the Employer. 
 The
term Employee shall include any individual receiving Differential Wage Payments. 
 The term Employee shall include any
Self-employed Individual treated as an employee of any employer described in the preceding paragraphs as provided in Code Section 401(c)(1). The term Employee shall also include any Leased Employee deemed to be an employee of any employer
described in the preceding paragraphs as provided in Code Section 414(n) or (o). 
 Employer means, except for
purposes of the CONTRIBUTION LIMITATION SECTION of Article III, the Primary Employer. This will also include any successor corporation or firm of the Employer which shall, by written agreement, assume the obligations of this Plan or any Predecessor
Employer that maintained this Plan. 
 Employer Contributions means 

Elective Deferral Contributions 
 Matching Contributions 
 Qualified Nonelective Contributions 

Discretionary Contributions 
 as set out in Article III and contributions made by the Employer in accordance with the provisions of the MODIFICATION OF CONTRIBUTIONS SECTION of Article XI, unless the context clearly indicates only
specific contributions are meant. 
 Employment Commencement Date means the date an Employee first performs an Hour of
Service. 
 Entry Date means the date an Employee first enters the Plan as an Active Participant. See the ACTIVE
PARTICIPANT SECTION of Article II. 
 ERISA means the Employee Retirement Income Security Act of 1974, as amended.

 Forfeiture means the part, if any, of a Participant’s Account that is forfeited. See the FORFEITURES SECTION of
Article III. 
 Forfeiture Date means, as to a Participant, the last day of five consecutive one-year Periods of
Severance. 
 Highly Compensated Employee means any Employee who: 

 

	 	(a)	was a 5-percent owner at any time during the year or the preceding year, or 

 

	 	(b)	for the preceding year had compensation from the Employer in excess of $80,000 and, if the Employer so elects, was in the top-paid group for the preceding year. The
$80,000 amount is adjusted at the same time and in the same manner as under Code Section 415(d), except that the base period is the calendar quarter ending September 30, 1996. 

  

					
	 RESTATEMENT JUNE 1, 2012
	 	10	  	ARTICLE I (88899) -2

 For this purpose the applicable year of the plan for which a determination is being made is
called a determination year and the preceding 12-month period is called a look-back year. If the Employer makes a calendar year data election, the look-back year shall be the calendar year beginning with or within the look-back year. The Plan may
not use such election to determine whether Employees are Highly Compensated Employees on account of being a 5-percent owner. 

In determining who is a Highly Compensated Employee, the Employer does not make a top-paid group election. In determining who is a Highly
Compensated Employee, the Employer does not make a calendar year data election. 
 Calendar year data elections and top-paid
group elections, once made, apply for all subsequent years unless changed by the Employer. If the Employer makes one election, the Employer is not required to make the other. If both elections are made, the look-back year in determining the top-paid
group must be the calendar year beginning with or within the look-back year. These elections must apply consistently to the determination years of all plans maintained by the Employer which reference the highly compensated employee definition in
Code Section 414(q), except as provided in Internal Revenue Service Notice 97-45 (or superseding guidance). 
 The
determination of who is a highly compensated former Employee is based on the rules applicable to determining Highly Compensated Employee status as in effect for that determination year, in accordance with section 1.414(q)-1T, A-4 of the temporary
Income Tax Regulations and Internal Revenue Service Notice 97-45. 
 The determination of who is a Highly Compensated Employee,
including the determinations of the number and identity of Employees in the top-paid group, the compensation that is considered, and the identity of the 5-percent owners, shall be made in accordance with Code Section 414(q) and the regulations
thereunder. 
 Hour of Service means, for an Employee, each hour for which he is paid, or entitled to payment, for
performing duties for the Employer. 
 Hours of Service shall be credited for employment with any other employer required to be
aggregated with the Employer under Code Sections 414(b), (c), (m), or (o) and the regulations thereunder for purposes of eligibility and vesting. Hours of Service shall also be credited for any individual who is considered an employee for
purposes of this Plan pursuant to Code Section 414(n) or (o) and the regulations thereunder. 
 Inactive Participant
means a former Active Participant who has an Account. See the INACTIVE PARTICIPANT SECTION of Article II. 
 Insurer
means Principal Life Insurance Company or the insurance company or companies named by (i) the Primary Employer or (ii) the Trustee in its discretion or as directed under the Trust Agreement. 

Investment Fund means the total of Plan assets, excluding the guaranteed benefit policy portion of any Annuity Contract. All or a
portion of these assets may be held under, or invested pursuant to, the terms of a Trust Agreement. 

  

					
	 RESTATEMENT JUNE 1, 2012
	 	11	  	ARTICLE I (88899) -2

 The Investment Fund shall be valued at current fair market value as of the Valuation Date.
The valuation shall take into consideration investment earnings credited, expenses charged, payments made, and changes in the values of the assets held in the Investment Fund. 
 The Investment Fund shall be allocated at all times to Participants, except as otherwise expressly provided in the Plan. The Account of a Participant shall be credited with its share of the gains and
losses of the Investment Fund. That part of a Participant’s Account invested in a funding arrangement that establishes one or more accounts or investment vehicles for such Participant thereunder shall be credited with the gain or loss from such
accounts or investment vehicles. The part of a Participant’s Account that is invested in other funding arrangements shall be credited with a proportionate share of the gain or loss of such investments. The share shall be determined by
multiplying the gain or loss of the investment by the ratio of the part of the Participant’s Account invested in such funding arrangement to the total of the Investment Fund invested in such funding arrangement. 

Investment Manager means any fiduciary (other than a trustee or Named Fiduciary) 

 

	 	(a)	who has the power to manage, acquire, or dispose of any assets of the Plan; 

 

	 	(b)	who (i) is registered as an investment adviser under the Investment Advisers Act of 1940; (ii) is not registered as an investment adviser under such Act by
reason of paragraph (1) of section 203A(a) of such Act, is registered as an investment adviser under the laws of the state (referred to in such paragraph (1)) in which it maintains its principal office and place of business, and, at the
time it last filed the registration form most recently filed by it with such state in order to maintain its registration under the laws of such state, also filed a copy of such form with the Secretary of Labor; (iii) is a bank, as defined in
that Act; or (iv) is an insurance company qualified to perform services described in subparagraph (a) above under the laws of more than one state; and 

 

	 	(c)	who has acknowledged in writing being a fiduciary with respect to the Plan. 

 Late Retirement Date means the first day of any month that is after a Participant’s Normal Retirement Date and on which retirement benefits begin. If a Participant continues to work for the
Employer after his Normal Retirement Date, his Late Retirement Date shall be the earliest first day of the month on or after the date he has a Severance from Employment. An earlier Retirement Date may apply if the Participant so elects. A later
Retirement Date may apply if the Participant so elects. See the WHEN BENEFITS START SECTION of Article V. 
 Leased Employee
means any person (other than an employee of the recipient) who, pursuant to an agreement between the recipient and any other person (“leasing organization”), has performed services for the recipient (or for the recipient and related
persons determined in accordance with Code Section 414(n)(6)) on a substantially full time basis for a period of at least one year, and such services are performed under primary direction or control by the recipient. Contributions or benefits
provided by the leasing organization to a Leased Employee, which are attributable to service performed for the recipient employer, shall be treated as provided by the recipient employer. 

A Leased Employee shall not be considered an employee of the recipient if: 

 

	 	(a)	such employee is covered by a money purchase pension plan providing (i) a nonintegrated employer contribution rate of at least 10 percent of compensation, as
defined in Code Section 415(c)(3), (ii) immediate participation, and (iii) full and immediate vesting, and 

  

					
	 RESTATEMENT JUNE 1, 2012
	 	12	  	ARTICLE I (88899) -2

	 	(b)	Leased Employees do not constitute more than 20 percent of the recipient’s nonhighly compensated work force. 

Loan Administrator means the person(s) or position(s) authorized to administer the Participant loan program. 

The Loan Administrators are the Vice President of Human Resources and Senior Human Resources representative. 

Matching Contributions means contributions made by the Employer that are contingent on a Participant’s Elective Deferral
Contributions. See the EMPLOYER CONTRIBUTIONS SECTION of Article III. 
 Monthly Date means each Yearly Date and the same
day of each following month during the Plan Year beginning on such Yearly Date. 
 Named Fiduciary means the person or
persons who have authority to control and manage the operation and administration of the Plan. 
 The Named Fiduciary is the
Employer. 
 Nonhighly Compensated Employee means an Employee of the Employer who is not a Highly Compensated Employee.

 Nonvested Account means the excess, if any, of a Participant’s Account over his Vested Account. 

Normal Retirement Age means the age at which the Participant’s normal retirement benefit becomes nonforfeitable if he is an
Employee. A Participant’s Normal Retirement Age is the older of age 65 or his age on the date three years after the first day of the Plan Year in which his Entry Date occurred. 

Normal Retirement Date means the earliest first day of the month on or after the date the Participant reaches his Normal Retirement
Age. Unless otherwise provided in this Plan, a Participant’s retirement benefits shall begin on his Normal Retirement Date if he has had a Severance from Employment on such date. Even if the Participant is an Employee on his Normal Retirement
Date, he may choose to have his retirement benefit begin on such date. 
 Parental Absence means an Employee’s
absence from work: 
  

	 	(a)	by reason of pregnancy of the Employee, 

  

	 	(b)	by reason of birth of a child of the Employee, 

  

	 	(c)	by reason of the placement of a child with the Employee in connection with adoption of such child by such Employee, or 

 

	 	(d)	for purposes of caring for such child for a period beginning immediately following such birth or placement. 

Participant means either an Active Participant or an Inactive Participant. 

Participant Contributions means Voluntary Contributions as set out in Article III. 

  

					
	 RESTATEMENT JUNE 1, 2012
	 	13	  	ARTICLE I (88899) -2

 Period of Military Duty means, for an Employee 

 

	 	(a)	who served as a member of the armed forces of the United States, and 

  

	 	(b)	who was reemployed by the Employer at a time when the Employee had a right to reemployment in accordance with seniority rights as protected under Chapter 43 of Title 38
of the U.S. Code, 

 the period of time from the date the Employee was first absent from active work for the
Employer because of such military duty to the date the Employee was reemployed. 
 Period of Service means a period of
time beginning on an Employee’s Employment Commencement Date or Reemployment Commencement Date (whichever applies) and ending on his Severance Date. 
 Period of Severance means a period of time beginning on an Employee’s Severance Date and ending on the date he again performs an Hour of Service. 

A one-year Period of Severance means a Period of Severance of 12 consecutive months. 

Solely for purposes of determining whether a one-year Period of Severance has occurred for eligibility or vesting purposes, the
consecutive 12-month period beginning on the first anniversary of the first date of a Parental Absence shall not be a one-year Period of Severance. 
 Plan means the 401(k) plan of the Employer set forth in this document, including any later amendments to it. 
 Plan Administrator means the person or persons who administer the Plan. 

The Plan Administrator is the Employer. 
 Plan Fund means the total of the Investment Fund and the guaranteed benefit policy portion of any Annuity Contract. The Investment Fund shall be valued as stated in its definition. The guaranteed
benefit policy portion of any Annuity Contract shall be determined in accordance with the terms of the Annuity Contract and, to the extent that such Annuity Contract allocates contract values to Participants, allocated to Participants in accordance
with its terms. The total value of all amounts held under the Plan Fund shall equal the value of the aggregate Participants’ Accounts under the Plan. 
 Plan Year means a period beginning on a Yearly Date and ending on the day before the next Yearly Date. 
 Predecessor Employer means, except for purposes of the CONTRIBUTION LIMITATION SECTION of Article III, a firm of which the Employer was once a part (e.g., due to a spinoff or change of corporate
status) or a firm absorbed by the Employer because of a merger or acquisition (stock or asset, including a division or an operation of such company). 
 Pre-tax Elective Deferral Contributions means a Participant’s Elective Deferral Contributions that are not includible in the Participant’s gross income at the time deferred. 

Primary Employer means Cass Information Systems, Inc. 

  

					
	 RESTATEMENT JUNE 1, 2012
	 	14	  	ARTICLE I (88899) -2

 Qualified Military Service means any service in the uniformed services (as defined in
Chapter 43 of Title 38 of the U.S. Code) by any individual if such individual is entitled to reemployment rights under such chapter with respect to such service. 
 Qualified Nonelective Contributions means contributions made by the Employer (other than Elective Deferral Contributions) that are 100% vested when made to the Plan and that are distributable only
in accordance with the distribution provisions applicable to Elective Deferral Contributions as provided in section 1.401(k)-1(d) of the regulations. See the EMPLOYER CONTRIBUTIONS SECTION of Article III. 

Qualifying Employer Securities means any security which is issued by the Employer or any Controlled Group member and which meets
the requirements of Code Section 409(l) and ERISA Section 407(d)(5). This shall also include any securities that satisfied the requirements of the definition when these securities were assigned to the Plan. 

Qualifying Employer Securities Fund means that part of the assets of the Trust Fund that are designated to be held primarily or
exclusively in Qualifying Employer Securities for the purpose of providing benefits for Participants. 
 Reemployment
Commencement Date means the date an Employee first performs an Hour of Service following a Period of Severance. 
 Reentry
Date means the date a former Active Participant reenters the Plan. See the ACTIVE PARTICIPANT SECTION of Article II. 

Retirement Date means the date a retirement benefit will begin and is a Participant’s Early, Normal, or Late Retirement Date,
as the case may be. 
 Rollover Contributions means the Rollover Contributions that are made by an Eligible Employee or an
Inactive Participant according to the provisions of the ROLLOVER CONTRIBUTIONS SECTION of Article III. 
 Self-employed
Individual means, with respect to any taxable year, an individual who has Earned Income for the taxable year (or who would have Earned Income but for the fact the trade or business for which this Plan is established did not have net profits for
such taxable year). 
 Severance Date means the earlier of: 

 

	 	(a)	the date on which an Employee quits, retires, dies, or is discharged, or 

  

	 	(b)	the first anniversary of the date an Employee begins a one-year absence from service (with or without pay). This absence may be the result of any combination of
vacation, holiday, sickness, disability, leave of absence, or layoff. 

 Solely to determine whether a one-year
Period of Severance has occurred for eligibility or vesting purposes for an Employee who is absent from service beyond the first anniversary of the first day of a Parental Absence, Severance Date is the second anniversary of the first day of the
Parental Absence. The period between the first and second anniversaries of the first day of the Parental Absence is not a Period of Service and is not a Period of Severance. 

  

					
	 RESTATEMENT JUNE 1, 2012
	 	15	  	ARTICLE I (88899) -2

 Severance from Employment means, except for purposes of the CONTRIBUTION LIMITATION
SECTION of Article III, an Employee has ceased to be an Employee. The Plan Administrator shall determine if a Severance from Employment has occurred in accordance with section 1.401(k)-1(d)(2) of the regulations. 

Totally and Permanently Disabled means that a Participant is disabled, as a result of sickness or injury, to the extent that he is
prevented from engaging in any substantial gainful activity, and is eligible for and receives a disability benefit under Title II of the Federal Social Security Act. 
 Trust Agreement means an agreement or agreements of trust between the Primary Employer and Trustee established for the purpose of holding and distributing the Trust Fund under the provisions of the
Plan. The Trust Agreement may provide for the investment of all or any portion of the Trust Fund in the Annuity Contract or any other investment arrangement. 
 Trust Fund means the total funds held under an applicable Trust Agreement. The term Trust Fund when used within a Trust Agreement shall mean only the funds held under that Trust Agreement.

 Trustee means the party or parties named in the applicable Trust Agreement. 

Valuation Date means the date on which the value of the assets of the Investment Fund is determined. The value of each Account that
is maintained under this Plan shall be determined on the Valuation Date. In each Plan Year, the Valuation Date shall be the last day of the Plan Year. At the discretion of the Plan Administrator, Trustee, or Insurer (whichever applies) and in a
nondiscriminatory manner, assets of the Investment Fund may be valued more frequently. These dates shall also be Valuation Dates. 
 Vested Account means the vested part of a Participant’s Account. The Participant’s Vested Account is equal to that part of his Account resulting from Contributions that were 100% vested
when made before his Vesting Percentage is 100% and is equal to his Account when his Vesting Percentage is 100%. 
 Vesting
Percentage means the percentage used to determine the nonforfeitable portion of a Participant’s Account attributable to Employer Contributions that were not 100% vested when made. 

A Participant’s Vesting Percentage is shown in the following schedule opposite the number of whole years of his Vesting Service.

  

			
	VESTING SERVICE	  	VESTING
	(whole years)	  	PERCENTAGE
	Less than 3	  	0
	3 or more	  	100

 The Vesting Percentage for a Participant who is an Employee on or after the date he reaches Normal
Retirement Age or Early Retirement Age shall be 100%. The Vesting Percentage for a Participant who is an Employee on the date he dies shall be 100%. The Vesting Percentage for a Participant who dies while performing Qualified Military Service shall
be 100%. The Vesting Percentage for a Participant who is an Employee on the date he becomes disabled shall be 100% if such disability is subsequently determined to meet the definition of Totally and Permanently Disabled. The Vesting Percentage for a
Participant who becomes disabled while performing Qualified Military Service and such disability is determined to meet the definition of Totally and Permanently Disabled shall be 100%. 

  

					
	 RESTATEMENT JUNE 1, 2012
	 	16	  	ARTICLE I (88899) -2

 If the schedule used to determine a Participant’s Vesting Percentage is changed, the
new schedule shall not apply to a Participant unless he is credited with an Hour of Service on or after the date of the change and the Participant’s nonforfeitable percentage on the day before the date of the change is not reduced under this
Plan. The amendment provisions of the AMENDMENTS SECTION of Article X regarding changes in the computation of the Vesting Percentage shall apply. 
 Vesting Service means an Employee’s Period of Service. An Employee’s Period of Service shall be measured from his Employment Commencement Date to his most recent Severance Date. This
Period of Service shall be reduced by any Period of Severance that occurred prior to his most recent Severance Date, unless such Period of Severance is included under the service spanning rule below. This Period of Service shall be expressed as
years and fractional parts of a year (to four decimal places) on the basis that 365 days equal one year. 
 However, Vesting
Service is modified as follows: 
 Service with a Predecessor Employer that did not maintain this Plan included: 

An Employee’s service with a Predecessor Employer that did not maintain this Plan shall be included as service with the Employer.
This service excludes service performed while a proprietor or partner. 
 Period of Military Duty included: 

A Period of Military Duty shall be included as service with the Employer to the extent it has not already been credited. 

Period of Severance included (service spanning rule): 
 A Period of Severance shall be deemed to be a Period of Service under either of the following conditions: 
  

	 	(a)	the Period of Severance immediately follows a period during which an Employee is not absent from work and ends within 12 months; or 

 

	 	(b)	the Period of Severance immediately follows a period during which an Employee is absent from work for any reason other than quitting, being discharged, or retiring
(such as a leave of absence or layoff) and ends within 12 months of the date he was first absent. 

 Controlled
Group service included: 
 An Employee’s service with a member firm of a Controlled Group while both that firm and the
Employer were members of the Controlled Group shall be included as service with the Employer. 
 Voluntary Contributions
means contributions by a Participant that are 100% vested when made to the Plan and are not required as a condition of employment or participation, or for obtaining additional Employer Contributions. See the VOLUNTARY CONTRIBUTIONS BY
PARTICIPANTS SECTION of Article III. 
 Yearly Date means January 1, 1986, and the same day of each following year.

 Years of Service means an Employee’s Vesting Service disregarding any modifications that exclude service.

  

					
	 RESTATEMENT JUNE 1, 2012
	 	17	  	ARTICLE I (88899) -2

 ARTICLE II 
 PARTICIPATION 
 SECTION 2.01—ACTIVE PARTICIPANT. 

 

	 	(a)	An Employee shall first become an Active Participant (begin active participation in the Plan) on the earliest Monthly Date on which he is an Eligible Employee and has
met both of the eligibility requirements set forth below. This date is his Entry Date. 

  

	 	(1)	He has completed one month of Eligibility Service before his Entry Date. 

  

	 	(2)	He is age 21 or older. 

 If the
Plan’s eligibility requirements are changed, an Employee who was an Active Participant immediately prior to the effective date of the change is deemed to satisfy the new requirements and his Entry Date shall not change. 

Each Employee who was an Active Participant on the day before the effective date of this restatement (as determined in the INTRODUCTION
SECTION of this Plan) shall continue to be an Active Participant if he is still an Eligible Employee on such restatement date and his Entry Date shall not change. 
 If service with a Predecessor Employer is counted for purposes of Eligibility Service, an Employee shall be credited with such service on the date he becomes an Employee and shall become an Active
Participant on the earliest Monthly Date on which he is an Eligible Employee and has met all of the eligibility requirements above. This date is his Entry Date. 
 If a person has been an Eligible Employee who has met all of the eligibility requirements above, but is not an Eligible Employee on the date that would have been his Entry Date, he shall become an Active
Participant on the date he again becomes an Eligible Employee. This date is his Entry Date. 
 In the event an Employee who is
not an Eligible Employee becomes an Eligible Employee, such Eligible Employee shall become an Active Participant immediately if such Eligible Employee has satisfied the eligibility requirements above and would have otherwise previously become an
Active Participant had he met the definition of Eligible Employee. This date is his Entry Date. 
  

	 	(b)	An Inactive Participant shall again become an Active Participant (resume active participation in the Plan) on the date he again performs an Hour of Service as an
Eligible Employee. This date is his Reentry Date. 

 Upon again becoming an Active Participant, he shall cease to
be an Inactive Participant. 
  

	 	(c)	A former Participant shall again become an Active Participant (resume active participation in the Plan) on the date he again performs an Hour of Service as an Eligible
Employee. This date is his Reentry Date. 

 There shall be no duplication of benefits for a Participant because of
more than one period as an Active Participant. 

  

					
	 RESTATEMENT JUNE 1, 2012
	 	18	  	ARTICLE II (88899) -2

 SECTION 2.02—INACTIVE PARTICIPANT. 

An Active Participant shall become an Inactive Participant (stop accruing benefits) on the earlier of the following: 

 

	 	(a)	the date the Participant ceases to be an Eligible Employee, or 

  

	 	(b)	the effective date of complete termination of the Plan under Article VIII. 

 An Employee or former Employee who was an Inactive Participant on the day before the effective date of this restatement (as determined in the INTRODUCTION SECTION of this Plan) shall continue to be an
Inactive Participant. Eligibility for any benefits payable to the Participant or on his behalf and the amount of the benefits shall be determined according to the provisions of the prior document, unless otherwise stated in this document or any
subsequent documents. 
 SECTION 2.03—CESSATION OF PARTICIPATION. 

A Participant shall cease to be a Participant on the date he is no longer an Eligible Employee and his Account is zero. 

SECTION 2.04—ADOPTING EMPLOYERS - SINGLE PLAN. 
 Each of the Controlled Group members listed below is an Adopting Employer. Each Adopting Employer listed below participates with the Employer in this Plan. An Adopting Employer’s agreement to
participate in this Plan shall be in writing. 
 The Employer has the right to amend the Plan. An Adopting Employer does not
have the right to amend the Plan. 
 If the Adopting Employer did not maintain its plan before its date of adoption specified
below, its date of adoption shall be the Entry Date for any of its Employees who have met the requirements in the ACTIVE PARTICIPANT SECTION of this article as of that date. Service with and Compensation from an Adopting Employer shall be included
as service with and Compensation from the Employer. Transfer of employment, without interruption, between an Adopting Employer and another Adopting Employer or the Employer shall not be considered an interruption of service. 

Contributions made by an Adopting Employer shall be treated as Contributions made by the Employer. Forfeitures arising from those
Contributions shall be used for the benefit of all Participants. 
 An employer shall not be an Adopting Employer if it ceases
to be a Controlled Group member. Such an employer may continue a retirement plan for its Employees in the form of a separate document. This Plan shall be amended to delete a former Adopting Employer from the list below. 

  

					
	 RESTATEMENT JUNE 1, 2012
	 	19	  	ARTICLE II (88899) -2

 If (i) an employer ceases to be an Adopting Employer or the Plan is amended to delete
an Adopting Employer and (ii) the Adopting Employer does not continue a retirement plan for the benefit of its Employees, partial termination may result and the provisions of Article VIII shall apply. 

ADOPTING EMPLOYERS 
  

			
	NAME	  	DATE OF ADOPTION
		
	Cass Commercial Bank	  	January 1, 1990

  

					
	 RESTATEMENT JUNE 1, 2012
	 	20	  	ARTICLE II (88899) -2

 ARTICLE III 
 CONTRIBUTIONS 
 SECTION 3.01—EMPLOYER CONTRIBUTIONS. 

Employer Contributions shall be made without regard to current or accumulated net income, earnings, or profits of the Employer.
Notwithstanding the foregoing, the Plan shall continue to be designed to qualify as a profit sharing plan for purposes of Code Sections 401(a), 402, 412, and 417. Such Contributions shall be equal to the Employer Contributions as described below:

  

	 	(a)	The amount of each Elective Deferral Contribution for a Participant shall be equal to a portion of Compensation as specified in an elective deferral agreement. An
Employee who is eligible to participate in the Plan for purposes of Elective Deferral Contributions may file an elective deferral agreement with the Employer. The Participant shall modify or terminate an elective deferral agreement by filing a new
elective deferral agreement. An elective deferral agreement may not be made retroactively and shall remain in effect until modified or terminated. 

 An elective deferral agreement to start or modify Elective Deferral Contributions shall be effective as soon as administratively feasible on or after the Participant’s Entry Date (Reentry Date, if
applicable) or any following date. An elective deferral agreement must be entered into on or before the date it is effective. 

An elective deferral agreement to stop Elective Deferral Contributions may be entered into on any date. Such elective deferral
agreement(s) shall be effective as soon as administratively feasible following the date on which the elective deferral agreement is entered into. 
 Elective Deferral Contributions must be a whole percentage of Compensation and cannot be less than 1% of Compensation. 
 A Participant who is age 50 or older by the end of the taxable year shall be eligible to make Catch-up Contributions. 
 The Plan provides for an automatic election to have Elective Deferral Contributions made. The automatic Elective Deferral Contribution shall be Pre-tax Elective Deferral Contributions and shall be 3% of
Compensation. The Participant may affirmatively elect a different percentage or elect not to make Elective Deferral Contributions. 
 Such automatic election shall apply when a Participant first becomes eligible to make Elective Deferral Contributions (or again becomes eligible after a period during which he was not an Active
Participant). The Participant shall be provided a notice that explains the automatic election and his right to elect a different rate of Elective Deferral Contributions or to elect not to make Elective Deferral Contributions. The notice shall
include the procedure for exercising that right and the timing for implementing any such election. The Participant shall be given a reasonable period thereafter to elect a different rate of Elective Deferral Contributions or to elect not to make
Elective Deferral Contributions. 
 Each Active Participant affected by the automatic election shall be provided an annual notice
that explains the automatic election and his right to elect a different rate of Elective Deferral Contributions or to elect not to make Elective Deferral Contributions. The notice shall include the procedure for exercising those rights and the
timing for implementing any such elections. 

  

					
	 RESTATEMENT JUNE 1, 2012
	 	21	  	ARTICLE III (88899) -2

 No Participant shall be permitted to have Elective Deferral Contributions, as defined in the
EXCESS AMOUNTS SECTION of this article, made under this Plan, or any other plan, contract, or arrangement maintained by the Employer, during any calendar year, in excess of the dollar limitation contained in Code Section 402(g) in effect for
the Participant’s taxable year beginning in such calendar year. The dollar limitation in the preceding sentence shall be increased by the dollar limit on Catch-up Contributions under Code Section 414(v)(2)(B)(i) for the taxable year for
any Participant who will be age 50 or older by the end of the taxable year. 
 The dollar limitation contained in Code
Section 402(g) is $10,500 for taxable years beginning in 2000 and 2001, increasing to $11,000 for taxable years beginning in 2002, and increasing by $1,000 for each year thereafter up to $15,000 for taxable years beginning in 2006 and later
years. After 2006, the $15,000 limit will be adjusted by the Secretary of the Treasury for cost-of-living increases under Code Section 402(g)(4). Any such adjustments will be in multiples of $500. 

Catch-up Contributions for a Participant for a taxable year may not exceed the dollar limit on Catch-up Contributions under Code
Section 414(v)(2)(B)(i) for the taxable year. The dollar limit on Catch-up Contributions under Code Section 414(v)(2)(B)(i) is $1,000 for taxable years beginning in 2002, increasing by $1,000 for each year thereafter up to $5,000 for
taxable years beginning in 2006 and later years. After 2006, the $5,000 limit will be adjusted by the Secretary of the Treasury for cost-of-living increases under Code Section 414(v)(2)(C). Any such adjustments will be in multiples of $500.

 An elective deferral agreement (or change thereto) must be made in such manner and in accordance with such rules as the
Employer may prescribe in a nondiscriminatory manner (including by means of voice response or other electronic system under circumstances the Employer permits) and may not be made retroactively. 

Elective Deferral Contributions are 100% vested and nonforfeitable. 

 

	 	(b)	Matching Contributions. 

  

	 	(1)	The Employer shall make Matching Contributions in an amount equal to 50% of Elective Deferral Contributions. Elective Deferral Contributions that are over 3% of
Compensation won’t be matched. 

 Matching Contributions are calculated based on Elective Deferral
Contributions and Compensation for the payroll period. Matching Contributions shall be made for all persons who were Active Participants at any time during that payroll period. 

 

	 	(2)	The Employer may make additional Matching Contributions if the total Matching Contributions determined below are greater than the amount of Matching Contributions
determined in (1) above for the Plan Year. Additional Matching Contributions, if any, shall be made for all persons who were Active Participants at any time during the Plan Year. 

Total Matching Contributions for the Plan Year shall be a percentage of Elective Deferral Contributions and shall be calculated based on
Elective Deferral Contributions and Compensation for the Plan Year. The percentage shall be determined by the Employer. The percentage must be equal to or greater than the percentage specified in (1) above. 

  

					
	 RESTATEMENT JUNE 1, 2012
	 	22	  	ARTICLE III (88899) -2

 Elective Deferral Contributions that are over a percentage of Compensation won’t be
matched. The percentage is the percentage specified in (1) above or a greater percentage determined by the Employer. 
 The
amount of additional Matching Contributions, if any, shall be determined by subtracting the Matching Contributions determined in (1) above for the Plan Year from total Matching Contributions for the Plan Year. 

Elective Deferral Contributions that are Catch-up Contributions shall be matched. 

Any percentage determined by the Employer shall apply to all eligible persons for the entire Plan Year. 

Matching Contributions are subject to the Vesting Percentage. 

 

	 	(c)	Qualified Nonelective Contributions may be made for each Plan Year in an amount determined by the Employer to be used to reduce Excess Aggregate Contributions and
Excess Contributions, as defined in the EXCESS AMOUNTS SECTION of this. If the Plan is treated as separate plans because it is mandatorily disaggregated under the regulations of Code Section 401(k), a separate Qualified Nonelective Contribution
may be determined for each separate plan. 

 Qualified Nonelective Contributions are 100% vested and are
distributable only in accordance with the distribution provisions applicable to Elective Deferral Contributions provisions as provided in section 1.401(k)-1(d) of the regulations. 

 

	 	(d)	Discretionary Contributions may be made for each Plan Year in an amount determined by the Employer. 

Discretionary Contributions are subject to the Vesting Percentage. 

Employer Contributions are allocated according to the provisions of the ALLOCATION SECTION of this article. 

A portion of the Plan assets resulting from Employer Contributions (but not more than the original amount of those Contributions) may be
returned if the Employer Contributions are made because of a mistake of fact or are more than the amount deductible under Code Section 404 (excluding any amount which is not deductible because the Plan is disqualified). The amount involved must
be returned to the Employer within one year after the date the Employer Contributions are made by mistake of fact or the date the deduction is disallowed, whichever applies. Except as provided under this paragraph and in Article VIII, the assets of
the Plan shall never be used for the benefit of the Employer and are held for the exclusive purpose of providing benefits to Participants and their Beneficiaries and for defraying reasonable expenses of administering the Plan. 

  

					
	 RESTATEMENT JUNE 1, 2012
	 	23	  	ARTICLE III (88899) -2

 SECTION 3.02—VOLUNTARY CONTRIBUTIONS BY PARTICIPANTS. 

Voluntary Contributions were previously allowed under this Plan; however, no new Voluntary Contributions may be made. 

The part of the Participant’s Account resulting from Voluntary Contributions is 100% vested and nonforfeitable at all times.

 SECTION 3.03—ROLLOVER CONTRIBUTIONS. 
 A Rollover Contribution may be made by an Eligible Employee or Inactive Participant if the following conditions are met: 
  

	 	(a)	The Contribution is a Participant Rollover Contribution or a direct rollover of a distribution made after December 31, 2001 from the types of plans specified
below. 

 Direct Rollovers. The Plan will accept a direct rollover of an Eligible Rollover Distribution from
(i) a qualified plan described in Code Section 401(a) or 403(a), including after-tax employee contributions and excluding any portion of a designated Roth account; (ii) an annuity contract described in Code Section 403(b),
including after-tax employee contributions and excluding any portion of a designated Roth account; and (iii) an eligible plan under Code Section 457(b) which is maintained by a state, political subdivision of a state, or any agency or
instrumentality of a state or political subdivision of a state, excluding any portion of a designated Roth account. 

Participant Rollover Contributions from Other Plans. The Plan will accept a Participant contribution of an Eligible Rollover
Distribution from (i) a qualified plan described in Code Section 401(a) or 403(a), excluding distributions of a designated Roth account; (ii) an annuity contract described in Code Section 403(b), excluding distributions of a
designated Roth account; and (iii) an eligible plan under Code Section 457(b) which is maintained by a state, political subdivision of a state, or any agency or instrumentality of a state or political subdivision of a state, excluding
distributions of a designated Roth account. 
 Participant Rollover Contributions from IRAs. The Plan will accept a
Participant Rollover Contribution of the portion of a distribution from an individual retirement account or individual retirement annuity described in Code Section 408(a) or (b) that is eligible to be rolled over and would otherwise be
includible in the Participant’s gross income. 
  

	 	(b)	The Contribution is of amounts that the Code permits to be transferred to a plan that meets the requirements of Code Section 401(a). 

 

	 	(c)	The Contribution is made in the form of a direct rollover under Code Section 401(a)(31) or is a rollover made under Code Section 402(c) or 408(d)(3)(A) within
60 days after the Eligible Employee or Inactive Participant receives the distribution. 

  

	 	(d)	The Eligible Employee or Inactive Participant furnishes evidence satisfactory to the Plan Administrator that the proposed rollover meets conditions (a), (b), and
(c) above. 

  

	 	(e)	In the case of an Inactive Participant, the Contribution must be of an amount distributed from another plan of the Employer or a plan of a Controlled Group member.

  

					
	 RESTATEMENT JUNE 1, 2012
	 	24	  	ARTICLE III (88899) -2

 A Rollover Contribution shall be allowed in cash only and must be made according to
procedures set up by the Plan Administrator. 
 If the Eligible Employee is not an Active Participant when the Rollover
Contribution is made, he shall be deemed to be an Active Participant only for the purpose of investment and distribution of the Rollover Contribution. Employer Contributions shall not be made for or allocated to the Eligible Employee until the time
he meets all of the requirements to become an Active Participant. 
 Rollover Contributions made by an Eligible Employee or an
Inactive Participant shall be credited to his Account. The part of the Participant’s Account resulting from Rollover Contributions is 100% vested and nonforfeitable at all times. Separate accounting records shall be maintained for those parts
of his Rollover Contributions consisting of (i) voluntary contributions which were deducted from the Participant’s gross income for Federal income tax purposes and (ii) after-tax employee contributions, including the portion that
would not have been includible in the Participant’s gross income if the contributions were not rolled over into this Plan. 
 SECTION
3.04—FORFEITURES. 
 The Nonvested Account of a Participant shall be forfeited as of the earlier of the following:

  

	 	(a)	the date the record keeper is notified that the Participant died (if prior to such date he has had a Severance from Employment), or 

 

	 	(b)	the Participant’s Forfeiture Date. 

 All or
a portion of a Participant’s Nonvested Account shall be forfeited before such earlier date if, after he has a Severance from Employment, he receives, or is deemed to receive, a distribution of his entire Vested Account or a distribution of his
Vested Account derived from Employer Contributions under the RETIREMENT BENEFITS SECTION of Article V, the VESTED BENEFITS SECTION of Article V, or the SMALL AMOUNTS SECTION of Article X. The forfeiture shall occur as of the date the Participant
receives, or is deemed to receive, the distribution. If a Participant receives, or is deemed to receive, his entire Vested Account, his entire Nonvested Account shall be forfeited. If a Participant receives a distribution of his Vested Account from
Employer Contributions, but less than his entire Vested Account, the amount to be forfeited shall be determined by multiplying his Nonvested Account from such Contributions by a fraction. The numerator of the fraction is the amount of the
distribution derived from Employer Contributions and the denominator of the fraction is his entire Vested Account derived from such Contributions on the date of the distribution. 

A Forfeiture shall also occur as provided in the EXCESS AMOUNTS SECTION of this article. 

Forfeitures shall be determined at least once during each Plan Year. Forfeitures may first be used to pay administrative expenses.
Forfeitures of Matching Contributions that relate to excess amounts as provided in the EXCESS AMOUNTS SECTION of this article, that have not been used to pay administrative expenses, shall be applied to reduce Matching Contributions and
Discretionary Contributions made after the Forfeitures are determined. Any other Forfeitures that have not been used to pay administrative expenses shall be applied to reduce the earliest Employer Contributions made after the Forfeitures are
determined. Upon their application to reduce Employer Contributions, Forfeitures shall be deemed to be Employer Contributions. 

If a Participant again becomes an Eligible Employee after receiving a distribution which caused all of his Nonvested Account to be
forfeited, he shall have the right to repay to the Plan the entire amount of the distribution he received (excluding the portion of the distribution attributable to Participant and Rollover Contributions). The repayment must be made in a single sum
(repayment in installments is not permitted) before the earlier of the date five years after the date he again becomes an Eligible Employee or the end of the first period of five consecutive one-year Periods of Severance which begin after the date
of the distribution of his entire Vested Account. 

  

					
	 RESTATEMENT JUNE 1, 2012
	 	25	  	ARTICLE III (88899) -2

 If the Participant makes the repayment above, the Plan Administrator shall restore to his
Account an amount equal to his Nonvested Account that was forfeited on the date of distribution, unadjusted for any investment gains or losses. If no amount is to be repaid because the Participant was deemed to have received a distribution and he
again performs an Hour of Service as an Eligible Employee within the repayment period, the Plan Administrator shall restore the Participant’s Account as if he had made a required repayment on the date he performed such Hour of Service.
Restoration of the Participant’s Account shall include restoration of all Code Section 411(d)(6) protected benefits with respect to the restored Account, according to applicable Treasury regulations. Provided, however, the Plan
Administrator shall not restore the Nonvested Account if (i) a Forfeiture Date has occurred after the date of the distribution and on or before the date of repayment and (ii) that Forfeiture Date would result in a complete forfeiture of
the amount the Plan Administrator would otherwise restore. 
 The Plan Administrator shall restore the Participant’s
Account by the close of the Plan Year following the Plan Year in which repayment is made. The permissible sources for restoration of the Participant’s Account are Forfeitures or special Employer Contributions. Such special Employer
Contributions shall be made without regard to profits. The repaid and restored amounts are not included in the Participant’s Annual Additions, as defined in the CONTRIBUTION LIMITATION SECTION of this article. 

SECTION 3.05—ALLOCATION. 
 Other than Elective Deferral Contributions and Matching Contributions, a person meets the allocation requirements of this section if he is an Active Participant on the last day of the Plan Year.

 Elective Deferral Contributions shall be allocated to the Participants for whom such Contributions are made under the
EMPLOYER CONTRIBUTIONS SECTION of this article. Such Contributions shall be allocated when made and credited to the Participant’s Account. 
 Matching Contributions shall be allocated to the persons for whom such Contributions are made under the EMPLOYER CONTRIBUTIONS SECTION of this article. Such Contributions calculated based on Elective
Deferral Contributions and Compensation for the payroll period shall be allocated when made and credited to the person’s Account. Such Contributions calculated based on Elective Deferral Contributions and Compensation for the Plan Year shall be
allocated as of the last day of the Plan Year and shall be credited to the person’s Account. 
 The discretionary Qualified
Nonelective Contributions to be used to reduce excess amounts, as described in the EMPLOYER CONTRIBUTIONS SECTION of this article, shall be allocated as of the last day of the Plan Year only to Nonhighly Compensated Employees who meet the allocation
requirements of this section. Such Contributions (or separate Contributions) shall be allocated first to the eligible person under the Plan (or separate plan) with the lowest Annual Compensation for the Plan Year, then to the eligible person under
the Plan (or separate plan) with the next lowest Annual Compensation, and so forth. The amount of such Contributions shall be limited in each case to 5% of the eligible person’s Compensation used for purposes of the ADP Test. This amount shall
be credited to the person’s Account. 
 Discretionary Contributions shall be allocated as of the last day of the Plan Year,
using Annual Compensation for the Plan Year. In years in which the Plan is a Top-heavy Plan, as defined in the DEFINITIONS SECTION of Article XI, and the minimum contribution under the MODIFICATION OF CONTRIBUTIONS SECTION of Article XI is not being
provided by other contributions to this Plan or another plan of the Employer, the allocation shall be made to each person meeting the allocation requirements of this 

  

					
	 RESTATEMENT JUNE 1, 2012
	 	26	  	ARTICLE III (88899) -2

 
section and each person entitled to a minimum contribution under the MODIFICATION OF CONTRIBUTIONS SECTION of Article XI. In all other years, the allocation shall be made to each person meeting
the allocation requirements of this section. The amount allocated shall be equal to the Discretionary Contributions multiplied by the ratio of such person’s Annual Compensation to the total Annual Compensation for all such persons. The
allocation for any person who does not meet the allocation requirements of this section shall be limited to the amount necessary to fund the minimum contribution. 
 In years in which the Plan is a Top-heavy Plan, the minimum contribution under the MODIFICATION OF CONTRIBUTIONS SECTION of Article XI is not being provided by other contributions to this Plan or another
plan of the Employer, and the allocation described above (or any subsequent allocation described below) would provide an allocation for any person less than the minimum contribution required for such person in the MODIFICATION OF CONTRIBUTIONS
SECTION of Article XI, such minimum contribution shall first be allocated to all such persons. Then any amount remaining shall be allocated to the remaining persons sharing in the allocation based on Annual Compensation as described above, as if
they were the only persons sharing in the allocation for the Plan Year. 
 This amount shall be credited to the person’s
Account. 
 If Leased Employees are Eligible Employees, in determining the amount of Employer Contributions allocated to a
person who is a Leased Employee, contributions provided by the leasing organization that are attributable to services such Leased Employee performs for the Employer shall be treated as provided by the Employer. Those contributions shall not be
duplicated under this Plan. 
 SECTION 3.06—CONTRIBUTION LIMITATION. 

Contributions to the Plan shall be limited in accordance with Code Section 415 and the regulations thereunder. The limitations of
this section shall apply to Limitation Years beginning on or after July 1, 2007, except as otherwise provided herein. 
  

	 	(a)	Definitions. For the purpose of determining the contribution limitation set forth in this section, the following terms are defined. 

Annual Additions means the sum of the following amounts credited to a Participant’s account for the Limitation Year:

  

	 	(1)	employer contributions; 

  

	 	(2)	employee contributions; and 

  

	 	(3)	forfeitures. 

 Annual Additions
to a defined contribution plan, as defined in section 1.415(c)-1(a)(2)(i) of the regulations, shall also include the following: 
  

	 	(4)	mandatory employee contributions, as defined in Code Section 411(c)(2)(C) and section 1.411(c)-1(c)(4) of the regulations, to a defined benefit plan;

  

	 	(5)	contributions allocated to any individual medical benefit account, as defined in Code Section 415(l)(2), which is part of a pension or annuity plan maintained by
the Employer; 

  

					
	 RESTATEMENT JUNE 1, 2012
	 	27	  	ARTICLE III (88899) -2

	 	(6)	amounts attributable to post-retirement medical benefits, allocated to the separate account of a key employee, as defined in Code Section 419A(d)(3), under a
welfare benefit fund, as defined in Code Section 419(e), maintained by the Employer; and 

  

	 	(7)	annual additions under an annuity contract described in Code Section 403(b). 

 Compensation means wages, within the meaning of Code Section 3401(a), and all other payments of compensation to an employee by the Employer (in the course of the Employer’s trade or
business) for which the Employer is required to furnish the employee a written statement under Code Sections 6041(d), 6051(a)(3), and 6052. Compensation shall be determined without regard to any rules under Code Section 3401(a) that limit the
remuneration included in wages based on the nature or location of the employment or the services performed (such as the exception for agricultural labor in Code Section 3401(a)(2)). The type of compensation that is reported in the “Wages,
Tips and Other Compensation” box on Form W-2 satisfies this definition. 
 For any Self-employed Individual, Compensation
shall mean Earned Income. 
 Except as provided herein, Compensation for a Limitation Year is the Compensation actually paid or
made available (or if earlier, includible in gross income) during such Limitation Year. 
 Compensation for a Limitation Year
shall also include Compensation paid by the later of 2 1/2 months after an employee’s Severance from Employment with the Employer maintaining the plan or the end of the Limitation Year that includes the date of the employee’s Severance
from Employment with the Employer maintaining the plan, if the payment is regular Compensation for services during the employee’s regular working hours, or Compensation for services outside the employee’s regular working hours (such as
overtime or shift differential), commissions, bonuses, or other similar payments, and, absent a Severance from Employment, the payments would have been paid to the employee while the employee continued in employment with the Employer. 

Any payments not described above shall not be considered Compensation if paid after Severance from Employment, even if they are paid by
the later of 2 1/2 months after the date of Severance from Employment or the end of the Limitation Year that includes the date of Severance from Employment. 
 Compensation shall include Differential Wage Payments. 
 Back pay, within the
meaning of section 1.415(c)-2(g)(8) of the regulations, shall be treated as Compensation for the Limitation Year to which the back pay relates to the extent the back pay represents wages and compensation that would otherwise be included in this
definition. 
 Compensation paid or made available during such Limitation Year shall include amounts that would otherwise be
included in Compensation but for an election under Code Section 125(a), 132(f)(4), 402(e)(3), 402(h)(1)(B), 402(k), or 457(b). 
 Compensation shall also include deemed Code Section 125 Compensation. Deemed Code Section 125 Compensation is an amount that is excludible under Code Section 106 that is not available to a
Participant in cash in lieu of group health coverage under a Code Section 125 arrangement solely because the Participant is unable to certify that he has other health coverage. Amounts are deemed Code Section 125 Compensation only if the
Employer does not request or otherwise collect information regarding the Participant’s other health coverage as part of the enrollment process for the health plan. 

  

					
	 RESTATEMENT JUNE 1, 2012
	 	28	  	ARTICLE III (88899) -2

 Compensation shall not include amounts paid as Compensation to a nonresident alien, as
defined in Code Section 7701(b)(1)(B), who is not a Participant in the Plan to the extent the Compensation is excludible from gross income and is not effectively connected with the conduct of a trade or business within the United States.

 Defined Contribution Dollar Limitation means, effective for Limitation Years beginning after December 31, 2001,
$40,000, automatically adjusted under Code Section 415(d), effective January 1 of each year, as published in the Internal Revenue Bulletin. The new limitation shall apply to Limitation Years ending with or within the calendar year of the
date of the adjustment, but a Participant’s Annual Additions for a Limitation Year cannot exceed the currently applicable dollar limitation (as in effect before the January 1 adjustment) prior to January 1. However, after a
January 1 adjustment is made, Annual Additions for the entire Limitation Year are permitted to reflect the dollar limitation as adjusted on January 1. 
 Employer means the employer that adopts this Plan, and all members of a controlled group of corporations (as defined in Code Section 414(b) as modified by Code Section 415(h)), all
commonly controlled trades or businesses (as defined in Code Section 414(c), as modified, except in the case of a brother-sister group of trades or businesses under common control, by Code Section 415(h)), or affiliated service groups (as
defined in Code Section 414(m)) of which the adopting employer is a part, and any other entity required to be aggregated with the employer pursuant to Code Section 414(o). 

Limitation Year means the consecutive 12-month period ending on the last day of each Plan Year, including corresponding consecutive
12-month periods before January 1, 1986. If the Limitation Year is other than the calendar year, execution of this Plan (or any amendment to this Plan changing the Limitation Year) constitutes the Employer’s adoption of a written
resolution electing the Limitation Year. If the Limitation Year is amended to a different consecutive 12-month period, the new Limitation Year must begin on a date within the Limitation Year in which the amendment is made. 

Maximum Annual Addition means, for Limitation Years beginning on or after January 1, 2002, except for catch-up contributions
described in Code Section 414(v), the Annual Addition that may be contributed or allocated to a Participant’s Account under the Plan for any Limitation Year. This amount shall not exceed the lesser of: 

 

	 	(1)	The Defined Contribution Dollar Limitation, or 

  

	 	(2)	100 percent of the Participant’s Compensation for the Limitation Year. 

 A Participant’s Compensation for a Limitation Year shall not include Compensation in excess of the limitation under Code Section 401(a)(17) that is in effect for the calendar year in which the
Limitation Year begins. 
 The compensation limitation referred to in (2) shall not apply to an individual medical benefit
account (as defined in Code Section 415(l); or a post-retirement medical benefits account for a key employee (as defined in Code Section 419A(d)(1)). 

  

					
	 RESTATEMENT JUNE 1, 2012
	 	29	  	ARTICLE III (88899) -2

 If a short Limitation Year is created because of an amendment changing the Limitation Year
to a different consecutive 12-month period, the Maximum Annual Addition will not exceed the Defined Contribution Dollar Limitation multiplied by the following fraction: 
 Number of months (including any fractional parts of a month)  
 in the
short Limitation Year 
 12 
 If the Plan is terminated as of a date other than the last day of the Limitation Year, the Plan is treated as if the Plan was amended to change the Limitation Year and create a short Limitation Year
ending on the date the Plan is terminated. 
 If a short Limitation Year is created, the limitation under Code
Section 401(a)(17) shall be prorated in the same manner as the Defined Contribution Dollar Limitation. 
 Predecessor
Employer means, with respect to a Participant, a former employer if the Employer maintains a plan that provides a benefit which the Participant accrued while performing services for the former employer. Predecessor Employer also means, with
respect to a Participant, a former entity that antedates the Employer if, under the facts and circumstances, the Employer constitutes a continuation of all or a portion of the trade or business of the former entity. 

Severance from Employment means an employee has ceased to be an employee of the Employer maintaining the plan. An employee does not
have a Severance from Employment if, in connection with a change of employment, the employee’s new employer maintains the plan with respect to the employee. 
  

	 	(b)	If the Participant does not participate in another defined contribution plan, as defined in section 1.415(c)-1(a)(2)(i) of the regulations (without regard to whether
the plan(s) have been terminated) maintained by the Employer, the amount of Annual Additions that may be credited to the Participant’s Account for any Limitation Year shall not exceed the lesser of the Maximum Annual Addition or any other
limitation contained in this Plan. If the Employer Contribution that would otherwise be contributed or allocated to the Participant’s Account would cause the Annual Additions for the Limitation Year to exceed the Maximum Annual Addition, the
amount contributed or allocated shall be reduced so that the Annual Additions for the Limitation Year will equal the Maximum Annual Addition. 

  

	 	(c)	If, in addition to this Plan, the Participant is covered under another defined contribution plan, as defined in section 1.415(c)-1(a)(2)(i) of the regulations, (without
regard to whether the plan(s) have been terminated) maintained by the Employer that provides an Annual Addition during any Limitation Year, the Annual Additions that may be credited to a Participant’s Account under this Plan for any such
Limitation Year will not exceed the Maximum Annual Addition, reduced by the Annual Additions credited to a Participant’s account under the other defined contribution plan(s) for the same Limitation Year. If the Annual Additions with respect to
the Participant under the other defined contribution plan(s) maintained by the Employer are less than the Maximum Annual Addition, and the Employer Contribution that would otherwise be contributed or allocated to the Participant’s Account under
this Plan would cause the Annual Additions for the Limitation Year to exceed this limitation, the amount contributed or allocated will be reduced so that the Annual Additions under all such plans and funds for the Limitation Year will equal the
Maximum Annual Addition. If the Annual Additions with respect to the Participant under the other defined contribution plan(s) in the aggregate are equal to or greater than the Maximum Annual Addition, no amount will be contributed or allocated to
the Participant’s Account under this Plan for the Limitation Year. 

  

					
	 RESTATEMENT JUNE 1, 2012
	 	30	  	ARTICLE III (88899) -2

	 	(d)	The limitation of this section shall be determined and applied taking into account the rules in subparagraph (e) below. 

 

	 	(e)	Other Rules  

  

	 	(1)	Aggregating Plans. For purposes of applying the limitations of this section for a Limitation Year, all defined contribution plans (as defined in section
1.415(c)-1(a)(2)(i) of the regulations and without regard to whether the plan(s) have been terminated) ever maintained by the Employer and all defined contribution plans of a Predecessor Employer (in the Limitation Year in which such Predecessor
Employer is created) under which a Participant receives Annual Additions are treated as one defined contribution plan. 

  

	 	(2)	Break-up of Affiliated Employers. The Annual Additions under a formerly affiliated plan (as defined in section 1.415(f)-1(b)(2)(ii) of the regulations) of the
Employer are taken into account for purposes of applying the limitations of this section for the Limitation Year in which the cessation of affiliation took place. 

 

	 	(3)	Previously Unaggregated Plans. The limitations of this section are not exceeded for the first Limitation Year in which two or more existing plans, which
previously were not required to be aggregated pursuant to section 1.415(f) of the regulations, are aggregated, provided that no Annual Additions are credited to a Participant after the date on which the plans are required to be aggregated if the
Annual Additions already credited to the Participant in the existing plans equal or exceed the Maximum Annual Addition. 

  

	 	(4)	Aggregation with Multiemployer Plan. If the Employer maintains a multiemployer plan, as defined in Code Section 414(f), and the multiemployer plan so
provides, only the Annual Additions under the multiemployer plan that are provided by the Employer shall be treated as Annual Additions provided under a plan maintained by the Employer for purposes of this section. 

SECTION 3.07—EXCESS AMOUNTS. 
  

	 	(a)	Definitions. For purposes of this section, the following terms are defined: 

ACP means, for a specified group of Participants (either Highly Compensated Employees or Nonhighly Compensated Employees) for a
Plan Year, the average (expressed as a percentage) of the Contribution Percentages of the Eligible Participants in the group. 

ADP means, for a specified group of Participants (either Highly Compensated Employees or Nonhighly Compensated Employees) for a
Plan Year, the average (expressed as a percentage) of the Deferral Percentages of the Eligible Participants in the group. 

Catch-up Contributions means Elective Deferral Contributions made to a plan that are in excess of an otherwise applicable plan
limit and that are made by participants who are age 50 or older by the end of the taxable year. An otherwise applicable plan limit is a limit in the plan that applies to Elective Deferral Contributions without regard to Catch-up Contributions, such
as the limits on the maximum annual additions under Code Section 415, the dollar limitation on Elective Deferral Contributions under Code Section 402(g) (not counting Catch-up Contributions), and the limit imposed by the nondiscrimination
test described in Code Section 401(k)(3). 

  

					
	 RESTATEMENT JUNE 1, 2012
	 	31	  	ARTICLE III (88899) -2

 Contribution Percentage means the ratio (expressed as a percentage) of the Eligible
Participant’s Contribution Percentage Amounts to the Eligible Participant’s Compensation (excluding Differential Wage Payments) for the Plan Year (whether or not the Eligible Participant was an Eligible Participant for the entire Plan
Year). For an Eligible Participant for whom such Contribution Percentage Amounts for the Plan Year are zero, the percentage is zero. 
 Contribution Percentage Amounts means the sum of the Participant Contributions (excluding Participant Contributions withheld from Differential Wage Payments) and Matching Contributions (excluding
Matching Contributions based on Elective Deferral Contributions and Participant Contributions withheld from Differential Wage Payments and Matching Contributions that are Qualified Matching Contributions taken into account for purposes of the ADP
Test) made under the plan on behalf of the Eligible Participant for the plan year. Matching Contributions cannot be taken into account for a plan year for a Nonhighly Compensated Employee to the extent they are disproportionate matching
contributions as defined in section 1.401(m)-2(a)(5)(ii) of the regulations. Such Contribution Percentage Amounts shall not include Matching Contributions that are forfeited either to correct Excess Aggregate Contributions or because the
contributions to which they relate are Excess Elective Deferrals, Excess Contributions, or Excess Aggregate Contributions. Under such rules as the Secretary of the Treasury shall prescribe, in determining the Contribution Percentage the Employer may
elect to include Qualified Nonelective Contributions under this Plan that were not used in computing the Deferral Percentage. Qualified Nonelective Contributions cannot be taken into account for a plan year for a Nonhighly Compensated Employee to
the extent they are disproportionate contributions as defined in section 1.401(m)-2(a)(6)(v) of the regulations. The Employer may also elect to use Elective Deferral Contributions in computing the Contribution Percentage so long as the ADP Test is
met before the Elective Deferral Contributions are used in the ACP Test and continues to be met following the exclusion of those Elective Deferral Contributions that are used to meet the ACP Test. 

Deferral Percentage means the ratio (expressed as a percentage) of Elective Deferral Contributions (other than Catch-up
Contributions and Elective Deferral Contributions withheld from Differential Wage Payments) under this Plan on behalf of the Eligible Participant for the Plan Year to the Eligible Participant’s Compensation (excluding Differential Wage
Payments) for the Plan Year (whether or not the Eligible Participant was an Eligible Participant for the entire Plan Year). The Elective Deferral Contributions used to determine the Deferral Percentage shall include Excess Elective Deferrals (other
than Excess Elective Deferrals of Nonhighly Compensated Employees that arise solely from Elective Deferral Contributions made under this Plan or any other plans of the Employer or a Controlled Group member), but shall exclude Elective Deferral
Contributions that are used in computing the Contribution Percentage (provided the ADP Test is satisfied both with and without exclusion of these Elective Deferral Contributions). Under such rules as the Secretary of the Treasury shall prescribe,
the Employer may elect to include Qualified Nonelective Contributions and Qualified Matching Contributions under this Plan in computing the Deferral Percentage. Qualified Matching Contributions cannot be taken into account for a Plan Year for a
Nonhighly Compensated Employee to the extent they are disproportionate matching contributions as defined in section 1.401(m)-2(a)(5)(ii) of the regulations. Qualified Nonelective Contributions cannot be taken into account for a Plan Year for a
Nonhighly Compensated Employee to the extent they are disproportionate contributions as defined in section 1.401(k)-2(a)(6)(iv) of the regulations. For an Eligible Participant for whom such contributions on his behalf for the Plan Year are zero, the
percentage is zero. 

  

					
	 RESTATEMENT JUNE 1, 2012
	 	32	  	ARTICLE III (88899) -2

 Elective Deferral Contributions means any employer contributions made to a plan at
the election of a participant in lieu of cash compensation. With respect to any taxable year, a participant’s Elective Deferral Contributions are the sum of all employer contributions made on behalf of such participant pursuant to an election
to defer under any qualified cash or deferred arrangement described in Code Section 401(k), any salary reduction simplified employee pension plan described in Code Section 408(k)(6), any SIMPLE IRA plan described in Code
Section 408(p), any plan described under Code Section 501(c)(18), and any employer contributions made on behalf of a participant for the purchase of an annuity contract under Code Section 403(b) pursuant to a salary reduction
agreement. Elective Deferral Contributions include Pre-tax Elective Deferral Contributions and Roth Elective Deferral Contributions. Elective Deferral Contributions shall not include any deferrals properly distributed as excess annual additions.

 Eligible Participant means, for purposes of determining the Deferral Percentage, any Employee who is otherwise entitled
to make Elective Deferral Contributions under the terms of the plan for the plan year. Eligible Participant means, for purposes of determining the Contribution Percentage, any Employee who is eligible (i) to make a Participant Contribution or
an Elective Deferral Contribution (if the Employer takes such contributions into account in the calculation of the Contribution Percentage), or (ii) to receive a Matching Contribution (including forfeitures) or a Qualified Matching
Contribution. If a Participant Contribution is required as a condition of participation in the plan, any Employee who would be a participant in the plan if such Employee made such a contribution shall be treated as an Eligible Participant on behalf
of whom no Participant Contributions are made. 
 Excess Aggregate Contributions means, with respect to any Plan Year, the
excess of: 
  

	 	(1)	The aggregate Contribution Percentage Amounts taken into account in computing the numerator of the Contribution Percentage actually made on behalf of Highly Compensated
Employees for such Plan Year, over 

  

	 	(2)	The maximum Contribution Percentage Amounts permitted by the ACP Test (determined by hypothetically reducing contributions made on behalf of Highly Compensated
Employees in order of their Contribution Percentages beginning with the highest of such percentages). 

 Such
determination shall be made after first determining Excess Elective Deferrals and then determining Excess Contributions. 

Excess Contributions means, with respect to any Plan Year, the excess of: 

 

	 	(1)	The aggregate amount of employer contributions actually taken into account in computing the Deferral Percentage of Highly Compensated Employees for such Plan Year, over

  

	 	(2)	The maximum amount of such contributions permitted by the ADP Test (determined by hypothetically reducing contributions made on behalf of Highly Compensated Employees
in the order of the Deferral Percentages, beginning with the highest of such percentages). 

 Such determination
shall be made after first determining Excess Elective Deferrals. 
 Excess Elective Deferrals means those Elective
Deferral Contributions of a Participant that either (i) are made during the Participant’s taxable year and exceed the dollar limitation under Code Section 402(g) or (ii) are made during a calendar year and exceed the dollar
limitation 

  

					
	 RESTATEMENT JUNE 1, 2012
	 	33	  	ARTICLE III (88899) -2

 
under Code Section 402(g) for the Participant’s taxable year beginning in such calendar year, counting only Elective Deferral Contributions made under this Plan and any other plan,
contract, or arrangement maintained by the Employer. The dollar limitation shall be increased by the dollar limit on Catch-up Contributions under Code Section 414(v), if applicable. 

Excess Elective Deferrals shall be treated as Annual Additions, as defined in the CONTRIBUTION LIMITATION SECTION of this article, under
the Plan, unless such amounts are distributed no later than the first April 15 following the close of the Participant’s taxable year. 
 Matching Contributions means employer contributions made to this or any other defined contribution plan, or to a contract described in Code Section 403(b), on behalf of a participant on
account of a Participant Contribution made by such participant, or on account of a participant’s Elective Deferral Contributions, under a plan maintained by the Employer or a Controlled Group member. 

Participant Contributions means contributions (other than Roth Elective Deferral Contributions) made to the plan by or on behalf of
a participant that are included in the participant’s gross income in the year in which made and that are maintained under a separate account to which the earnings and losses are allocated. 

Pre-tax Elective Deferral Contributions means a participant’s Elective Deferral Contributions that are not includible in the
participant’s gross income at the time deferred. 
 Qualified Matching Contributions means Matching Contributions
that are nonforfeitable when made to the plan and that are distributable only in accordance with the distribution provisions applicable to Elective Deferral Contributions as provided in section 1.401(k)-1(d) of the regulations. 

Qualified Nonelective Contributions means any employer contributions (other than Matching Contributions) that an Employee may not
elect to have paid to him in cash instead of being contributed to the plan and that are nonforfeitable when made to the plan and that are distributable only in accordance with the distribution provisions applicable to Elective Deferral Contributions
as provided in section 1.401(k)-1(d) of the regulations. 
 Roth Elective Deferral Contributions means a
participant’s Elective Deferral Contributions that are not excludible from the participant’s gross income at the time deferred and have been irrevocably designated as Roth Elective Deferral Contributions by the participant in his elective
deferral agreement. Whether an Elective Deferral Contribution is not excludible from a participant’s gross income will be determined in accordance with section 1.401(k)-1(f)(2) of the regulations. In the case of a self-employed individual, an
Elective Deferral Contribution is not excludible from gross income only if the individual does not claim a deduction for such amount. 
  

	 	(b)	 Excess Elective Deferrals. A Participant may assign to this Plan any Excess Elective Deferrals made during a taxable year of the Participant by
notifying the Plan Administrator in writing on or before the first following March 1 of the amount of the Excess Elective Deferrals to be assigned to the Plan. A Participant is deemed to notify the Plan Administrator of any Excess Elective
Deferrals that arise by taking into account only those Elective Deferral Contributions made to this Plan and any other plan, contract, or arrangement of the Employer or a Controlled Group member. The Participant’s claim for Excess Elective
Deferrals shall be accompanied by the Participant’s written statement that if such amounts are not distributed, such Excess Elective Deferrals will exceed the limit imposed on the Participant by Code Section 402(g) (including, if

  

					
	 RESTATEMENT JUNE 1, 2012
	 	34	  	ARTICLE III (88899) -2

	 	
applicable, the dollar limitation on Catch-up Contributions under Code Section 414(v)) for the year in which the deferral occurred. The Excess Elective Deferrals assigned to this Plan cannot
exceed the Elective Deferral Contributions allocated under this Plan for such taxable year. 

 Notwithstanding any
other provisions of the Plan, Elective Deferral Contributions in an amount equal to the Excess Elective Deferrals assigned to this Plan, plus any income and minus any loss allocable thereto, shall be distributed no later than April 15 to any
Participant to whose Account Excess Elective Deferrals were assigned for the preceding year and who claims Excess Elective Deferrals for such taxable year or calendar year. 
 The Excess Elective Deferrals shall be adjusted for any income or loss. The income or loss allocable to such Excess Elective Deferrals shall be equal to the income or loss allocable to the
Participant’s Elective Deferral Contributions for the taxable year in which the excess occurred multiplied by a fraction. The numerator of the fraction is the Excess Elective Deferrals. The denominator of the fraction is the closing balance
without regard to any income or loss occurring during such taxable year (as of the end of such taxable year) of the Participant’s Account resulting from Elective Deferral Contributions. 

For purposes of determining income or loss on Excess Elective Deferrals, no adjustment shall be made for income or loss for the gap
period. 
 Any Matching Contributions that were based on the Elective Deferral Contributions distributed as Excess Elective
Deferrals, plus any income and minus any loss allocable thereto, shall be forfeited. 
  

	 	(c)	ADP Test. As of the end of each Plan Year after Excess Elective Deferrals have been determined, the Plan must satisfy the ADP Test. The ADP Test shall be
satisfied using the prior year testing method or the current year testing method, as elected by the Employer. 

  

	 	(1)	Prior Year Testing Method. The ADP for a Plan Year for Eligible Participants who are Highly Compensated Employees for each Plan Year and the prior year’s
ADP for Eligible Participants who were Nonhighly Compensated Employees for the prior Plan Year must satisfy one of the following tests: 

  

	 	(i)	The ADP for a Plan Year for Eligible Participants who are Highly Compensated Employees for the Plan Year shall not exceed the prior year’s ADP for Eligible
Participants who were Nonhighly Compensated Employees for the prior Plan Year multiplied by 1.25; or 

  

	 	(ii)	The ADP for a Plan Year for Eligible Participants who are Highly Compensated Employees for the Plan Year: 

 

	 	A.	shall not exceed the prior year’s ADP for Eligible Participants who were Nonhighly Compensated Employees for the prior Plan Year multiplied by 2, and

  

	 	B.	the difference between such ADPs is not more than 2. 

 If this is not a successor plan, for the first Plan Year the Plan permits any Participant to make Elective Deferral Contributions, for purposes of the foregoing tests, the prior year’s Nonhighly
Compensated Employees’ ADP shall be 3 percent or the Plan Year’s ADP for these Eligible Participants, as elected by the Employer. 

  

					
	 RESTATEMENT JUNE 1, 2012
	 	35	  	ARTICLE III (88899) -2

	 	(2)	Current Year Testing Method. The ADP for a Plan Year for Eligible Participants who are Highly Compensated Employees for each Plan Year and the ADP for Eligible
Participants who are Nonhighly Compensated Employees for the Plan Year must satisfy one of the following tests: 

  

	 	(i)	The ADP for a Plan Year for Eligible Participants who are Highly Compensated Employees for the Plan Year shall not exceed the ADP for Eligible Participants who are
Nonhighly Compensated Employees for the Plan Year multiplied by 1.25; or 

  

	 	(ii)	The ADP for a Plan Year for Eligible Participants who are Highly Compensated Employees for the Plan Year: 

 

	 	A.	shall not exceed the ADP for Eligible Participants who are Nonhighly Compensated Employees for the Plan Year multiplied by 2, and 

 

	 	B.	the difference between such ADPs is not more than 2. 

 If the Employer has elected to use the current year testing method, that election cannot be changed unless (i) the Plan has been using the current year testing method for the preceding five Plan
Years, or if less, the number of Plan Years the Plan has been in existence; or (ii) if as a result of a merger or acquisition described in Code Section 410(b)(6)(C)(i), the Employer maintains both a plan using the prior year testing method
and a plan using the current year testing method and the change is made within the transition period described in Code Section 410(b)(6)(C)(ii). 
 A Participant is a Highly Compensated Employee for a particular Plan Year if he meets the definition of a Highly Compensated Employee in effect for that Plan Year. Similarly, a Participant is a Nonhighly
Compensated Employee for a particular Plan Year if he does not meet the definition of a Highly Compensated Employee in effect for that Plan Year. 
 The Deferral Percentage for any Eligible Participant who is a Highly Compensated Employee for the Plan Year and who is eligible to have Elective Deferral Contributions (and Qualified Nonelective
Contributions or Qualified Matching Contributions, or both, if treated as Elective Deferral Contributions for purposes of the ADP Test) allocated to his account under two or more arrangements described in Code Section 401(k) that are maintained
by the Employer or a Controlled Group member shall be determined as if such Elective Deferral Contributions (and, if applicable, such Qualified Nonelective Contributions or Qualified Matching Contributions, or both) were made under a single
arrangement. If a Highly Compensated Employee participates in two or more cash or deferred arrangements of the Employer or of a Controlled Group member that have different plan years, all Elective Deferral Contributions made during the Plan Year
shall be aggregated. The foregoing notwithstanding, certain plans shall be treated as separate if mandatorily disaggregated under the regulations of Code Section 401(k). 
 In the event this Plan satisfies the requirements of Code Section 401(k), 401(a)(4), or 410(b) only if aggregated with one or more other plans, or if one or more other plans satisfy the requirements
of such Code sections only if aggregated with this Plan, then this section shall be applied by determining the Deferral Percentage of Employees as if all such plans were a single plan. If more than 10 percent of the Employer’s Nonhighly
Compensated Employees are involved in a 

  

					
	 RESTATEMENT JUNE 1, 2012
	 	36	  	ARTICLE III (88899) -2

 
plan coverage change as defined in section 1.401(k)-2(c)(4) of the regulations, then any adjustments to the Nonhighly Compensated Employee ADP for the prior year shall be made in accordance with
such regulations if the Employer has elected to use the prior year testing method. Plans may be aggregated in order to satisfy Code Section 401(k) only if they have the same plan year and use the same testing method for the ADP Test.

 For purposes of the ADP Test, Elective Deferral Contributions, Qualified Nonelective Contributions, and Qualified Matching
Contributions must be made before the end of the 12-month period immediately following the Plan Year to which the contributions relate. 
 If the Plan Administrator should determine during the Plan Year that the ADP Test is not being met, the Plan Administrator may limit the amount of future Elective Deferral Contributions of the Highly
Compensated Employees. 
 Notwithstanding any other provisions of this Plan, Excess Contributions, plus any income and minus any
loss allocable thereto, shall be distributed no later than 12 months after the last day of a Plan Year to Participants to whose Accounts such Excess Contributions were allocated for such Plan Year, except to the extent such Excess Contributions are
classified as Catch-up Contributions. Excess Contributions are allocated to the Highly Compensated Employees with the largest amounts of employer contributions taken into account in calculating the ADP Test for the year in which the excess arose,
beginning with the Highly Compensated Employee with the largest amount of such employer contributions and continuing in descending order until all of the Excess Contributions have been allocated. For Plan Years beginning on or after January 1,
2006, if a Highly Compensated Employee participates in two or more cash or deferred arrangements of the Employer or of a Controlled Group member, the amount distributed shall not exceed the amount of the employer contributions taken into account in
calculating the ADP test and made to this Plan for the year in which the excess arose. If Catch-up Contributions are allowed for the Plan Year being tested, to the extent a Highly Compensated Employee has not reached his Catch-up Contribution limit
under the Plan for such year, Excess Contributions allocated to such Highly Compensated Employee are Catch-up Contributions and will not be treated as Excess Contributions. If such excess amounts (other than Catch-up Contributions) are distributed
more than 2 1/2 months after the last day of the Plan Year in which such excess amounts arose, a 10 percent excise tax shall be imposed on the employer maintaining the plan with respect to such amounts. 

Excess Contributions shall be treated as Annual Additions, as defined in the CONTRIBUTION LIMITATION SECTION of this article, even if
distributed. 
 The Excess Contributions shall be adjusted for any income or loss. The income or loss allocable to such Excess
Contributions allocated to each Participant shall be equal to the income or loss allocable to the Participant’s Elective Deferral Contributions (and, if applicable, Qualified Nonelective Contributions or Qualified Matching Contributions, or
both) for the Plan Year in which the excess occurred multiplied by a fraction. The numerator of the fraction is the Excess Contributions. The denominator of the fraction is the closing balance without regard to any income or loss occurring during
such Plan Year (as of the end of such Plan Year) of the Participant’s Account resulting from Elective Deferral Contributions (and Qualified Nonelective Contributions or Qualified Matching Contributions, or both, if such contributions are
included in the ADP Test). 
 For purposes of determining income or loss on Excess Contributions, no adjustment shall be made for
income or loss for the gap period. 

  

					
	 RESTATEMENT JUNE 1, 2012
	 	37	  	ARTICLE III (88899) -2

 Excess Contributions allocated to a Participant shall be distributed from the
Participant’s Account resulting from Elective Deferral Contributions. If such Excess Contributions exceed the amount of Excess Contributions in the Participant’s Account resulting from Elective Deferral Contributions, the balance shall be
distributed from the Participant’s Account resulting from Qualified Matching Contributions (if applicable) and Qualified Nonelective Contributions, respectively. 
 Any Matching Contributions that were based on the Elective Deferral Contributions distributed as Excess Contributions, plus any income and minus any loss allocable thereto, shall be forfeited. 

 

	 	(d)	ACP Test. As of the end of each Plan Year, the Plan must satisfy the ACP Test. The ACP Test shall be satisfied using the prior year testing method or the current
year testing method, as elected by the Employer. 

  

	 	(1)	Prior Year Testing Method. The ACP for a Plan Year for Eligible Participants who are Highly Compensated Employees for each Plan Year and the prior year’s
ACP for Eligible Participants who were Nonhighly Compensated Employees for the prior Plan Year must satisfy one of the following tests: 

  

	 	(i)	The ACP for a Plan Year for Eligible Participants who are Highly Compensated Employees for the Plan Year shall not exceed the prior year’s ACP for Eligible
Participants who were Nonhighly Compensated Employees for the prior Plan Year multiplied by 1.25; or 

  

	 	(ii)	The ACP for a Plan Year for Eligible Participants who are Highly Compensated Employees for the Plan Year: 

 

	 	A.	shall not exceed the prior year’s ACP for Eligible Participants who were Nonhighly Compensated Employees for the prior Plan Year multiplied by 2, and

  

	 	B.	the difference between such ACPs is not more than 2. 

 If this is not a successor plan, for the first Plan Year the Plan permits any Participant to make Participant Contributions, provides for Matching Contributions, or both, for purposes of the foregoing
tests, the prior year’s Nonhighly Compensated Employees’ ACP shall be 3 percent or the Plan Year’s ACP for these Eligible Participants, as elected by the Employer. 

 

	 	(2)	Current Year Testing Method. The ACP for a Plan Year for Eligible Participants who are Highly Compensated Employees for each Plan Year and the ACP for Eligible
Participants who are Nonhighly Compensated Employees for the Plan Year must satisfy one of the following tests: 

  

	 	(i)	The ACP for a Plan Year for Eligible Participants who are Highly Compensated Employees for the Plan Year shall not exceed the ACP for Eligible Participants who are
Nonhighly Compensated Employees for the Plan Year multiplied by 1.25; or 

  

					
	 RESTATEMENT JUNE 1, 2012
	 	38	  	ARTICLE III (88899) -2

	 	(ii)	The ACP for a Plan Year for Eligible Participants who are Highly Compensated Employees for the Plan Year: 

 

	 	A.	shall not exceed the ACP for Eligible Participants who are Nonhighly Compensated Employees for the Plan Year multiplied by 2, and 

 

	 	B.	the difference between such ACPs is not more than 2. 

 If the Employer has elected to use the current year testing method, that election cannot be changed unless (i) the Plan has been using the current year testing method for the preceding five Plan
Years, or if less, the number of Plan Years the Plan has been in existence; or (ii) if as a result of a merger or acquisition described in Code Section 410(b)(6)(C)(i), the Employer maintains both a plan using the prior year testing method
and a plan using the current year testing method and the change is made within the transition period described in Code Section 410(b)(6)(C)(ii). 
 A Participant is a Highly Compensated Employee for a particular Plan Year if he meets the definition of a Highly Compensated Employee in effect for that Plan Year. Similarly, a Participant is a Nonhighly
Compensated Employee for a particular Plan Year if he does not meet the definition of a Highly Compensated Employee in effect for that Plan Year. 
 The Contribution Percentage for any Eligible Participant who is a Highly Compensated Employee for the Plan Year and who is eligible to have Contribution Percentage Amounts allocated to his account under
two or more plans described in Code Section 401(a) or arrangements described in Code Section 401(k) that are maintained by the Employer or a Controlled Group member shall be determined as if the total of such Contribution Percentage
Amounts was made under each plan and arrangement. If a Highly Compensated Employee participates in two or more such plans or arrangements that have different plan years, all Contribution Percentage Amounts made during the Plan Year shall be
aggregated. The foregoing notwithstanding, certain plans shall be treated as separate if mandatorily disaggregated under the regulations of Code Section 401(m). 
 In the event this Plan satisfies the requirements of Code Section 401(m), 401(a)(4), or 410(b) only if aggregated with one or more other plans, or if one or more other plans satisfy the requirements
of such Code sections only if aggregated with this Plan, then this section shall be applied by determining the Contribution Percentage of Employees as if all such plans were a single plan. If more than 10 percent of the Employer’s Nonhighly
Compensated Employees are involved in a plan coverage change as defined in section 1.401(m)-2(c)(4) of the regulations, then any adjustments to the Nonhighly Compensated Employee ACP for the prior year shall be made in accordance with such
regulations if the Employer has elected to use the prior year testing method. Plans may be aggregated in order to satisfy Code Section 401(m) only if they have the same plan year and use the same testing method for the ACP Test. 

For purposes of the ACP Test, Participant Contributions are considered to have been made in the Plan Year in which contributed to the
Plan. Matching Contributions and Qualified Nonelective Contributions will be considered to have been made for a Plan Year if made no later than the end of the 12-month period beginning on the day after the close of the Plan Year. 

Notwithstanding any other provisions of this Plan, Excess Aggregate Contributions, plus any income and minus any loss allocable thereto,
shall be forfeited, if not vested, or distributed, if vested, no later than 12 months after the last day of a Plan Year to Participants to whose Accounts such Excess Aggregate Contributions were allocated for such Plan Year. Excess

  

					
	 RESTATEMENT JUNE 1, 2012
	 	39	  	ARTICLE III (88899) -2

 
Aggregate Contributions are allocated to the Highly Compensated Employees with the largest Contribution Percentage Amounts taken into account in calculating the ACP Test for the year in which the
excess arose, beginning with the Highly Compensated Employee with the largest amount of such Contribution Percentage Amounts and continuing in descending order until all of the Excess Aggregate Contributions have been allocated. If a Highly
Compensated Employee participates in two or more plans or arrangements of the Employer or of a Controlled Group member that include Contribution Percentage Amounts, the amount distributed shall not exceed the Contribution Percentage Amounts taken
into account in calculating the ACP Test and made to this Plan for the year in which the excess arose. If such Excess Aggregate Contributions are distributed more than 2 1/2 months after the last day of the Plan Year in which such excess amounts
arose, a 10 percent excise tax shall be imposed on the employer maintaining the plan with respect to such amounts. 
 Excess
Aggregate Contributions shall be treated as Annual Additions, as defined in the CONTRIBUTION LIMITATION SECTION of this article, even if distributed. 
 The Excess Aggregate Contributions shall be adjusted for any income or loss. The income or loss allocable to such Excess Aggregate Contributions allocated to each Participant shall be equal to the income
or loss allocable to the Participant’s Contribution Percentage Amounts for the Plan Year in which the excess occurred multiplied by a fraction. The numerator of the fraction is the Excess Aggregate Contributions. The denominator of the fraction
is the closing balance without regard to any income or loss occurring during such Plan Year (as of the end of such Plan Year) of the Participant’s Account resulting from Contribution Percentage Amounts. 

For purposes of determining income or loss on Excess Aggregate Contributions, no adjustment shall be made for income or loss for the gap
period. 
 Excess Aggregate Contributions allocated to a Participant shall be distributed from the Participant’s Account
resulting from Participant Contributions that are not required as a condition of employment or participation or for obtaining additional benefits from Employer Contributions. If such Excess Aggregate Contributions exceed the balance in the
Participant’s Account resulting from such Participant Contributions, the balance shall be forfeited, if not vested, or distributed, if vested, on a pro rata basis from the Participant’s Account resulting from Contribution Percentage
Amounts. 
  

	 	(e)	Employer Elections. The Employer has made an election to use the prior year testing method. 

  

					
	 RESTATEMENT JUNE 1, 2012
	 	40	  	ARTICLE III (88899) -2

 ARTICLE IV 
 INVESTMENT OF CONTRIBUTIONS 
 SECTION 4.01—INVESTMENT AND TIMING OF CONTRIBUTIONS.

 The handling of Contributions and Plan assets is governed by the provisions of the Trust Agreement and any other relevant
document, such as an Annuity Contract (for the purposes of this paragraph alone, the Trust Agreement and such other documents will each be referred to as a “document” or collectively as the “documents”), duly entered into by or
with regard to the Plan that govern such matters. To the extent permitted by the documents, the parties named below shall direct the Contributions for investment in any of the investment options or investment vehicles available to the Plan under or
through the documents, and may request the transfer of amounts resulting from those Contributions between such investment options and investment vehicles. A Participant may not direct the investment of all or any portion of his Account in
collectibles. Collectibles mean any work of art, rug or antique, metal or gem, stamp or coin, alcoholic beverage, or other tangible personal property specified by the Secretary of the Treasury. However, for tax years beginning after
December 31, 1997, certain coins and bullion as provided in Code Section 408(m)(3) shall not be considered collectibles. To the extent that a Participant who has the ability to provide investment direction fails to give timely investment
direction, the amount for which no investment direction is in place shall be invested in such investment options and investment vehicles as provided in the service and expense agreement or such other documents duly entered into by or with regard to
the Plan that govern such matters. If the Primary Employer has investment direction, the Contributions shall be invested ratably in the investment options and investment vehicles available to the Plan under or through the documents. The Primary
Employer shall have investment direction for amounts that have not been allocated to Participants. To the extent an investment is no longer available, the Primary Employer may require that amounts currently held in such investment be reinvested in
other investments. 
 At least annually, the Named Fiduciary shall review all pertinent Employee information and Plan data in
order to establish the funding policy of the Plan and to determine appropriate methods of carrying out the Plan’s objectives. The Named Fiduciary shall inform the Trustee and any Investment Manager of the Plan’s short-term and long-term
financial needs so the investment policy can be coordinated with the Plan’s financial requirements. 
  

	 	(a)	Elective Deferral Contributions: The Participant shall direct the investment of Elective Deferral Contributions and transfer of amounts resulting from those
Contributions. 

  

	 	(b)	Employer Contributions other than Elective Deferral Contributions: The Participant shall direct the investment of such Employer Contributions and transfer of amounts
resulting from those Contributions. 

  

	 	(c)	Participant Contributions: The Participant shall direct the investment of Participant Contributions and transfer of amounts resulting from those Contributions.

  

	 	(d)	Rollover Contributions: The Participant shall direct the investment of Rollover Contributions and transfer of amounts resulting from those Contributions.

 However, the Named Fiduciary may delegate to the Investment Manager investment direction for Contributions and
amounts that are not subject to Participant direction. 

  

					
	 RESTATEMENT JUNE 1, 2012
	 	41	  	ARTICLE IV (88899) -2

 All Contributions are forwarded by the Employer to (i) the Trustee to be deposited in
the Trust Fund or otherwise invested by the Trustee in accordance with the relevant documents; or (ii) the Insurer to be deposited under the Annuity Contract, as applicable. 
 SECTION 4.02—QUALIFYING EMPLOYER SECURITIES. 
  

	 	(a)	Investment in Qualifying Employer Securities. All or some portion of the Participant’s Account resulting from the following Contributions may be invested in
Qualifying Employer Securities: 

 Elective Deferral Contributions 

Matching Contributions 
 Qualified Nonelective Contributions 
 Rollover Contributions 

Once an investment in the Qualifying Employer Securities Fund is made available to Participants, it shall continue to be available unless
the Plan is amended to disallow such available investment. In the absence of an election to invest in Qualifying Employer Securities, Participants shall be deemed to have elected to have their Accounts invested wholly in other investment options of
the Investment Fund. Once an election is made, it shall be considered to continue until a new election is made. 
 For purposes
of determining the annual valuation of the Plan, and for reporting to Participants and regulatory authorities, the assets of the Plan shall be valued at least annually on the Valuation Date which corresponds to the last day of the Plan Year. The
fair market value of Qualifying Employer Securities shall be determined on such Valuation Date. The prices of Qualifying Employer Securities as of the date of the transaction shall apply for purposes of valuing distributions and other transactions
of the Plan to the extent such value is representative of the fair market value of such securities in the opinion of the Plan Administrator. The value of a Participant’s Account held in the Qualifying Employer Securities Fund may be expressed
in units. 
 If the Qualifying Employer Securities are not publicly traded, or if an extremely thin market exists for such
securities so that reasonable valuation may not be obtained from the market place, then such securities must be valued at least annually by an independent appraiser who is not associated with the Employer, the Plan Administrator, the Trustee, or any
person related to any fiduciary under the Plan. The independent appraiser may be associated with a person who is merely a contract administrator with respect to the Plan, but who exercises no discretionary authority and is not a plan fiduciary.

 If there is a public market for Qualifying Employer Securities of the type held by the Plan, then the Plan Administrator may
use as the value of the securities the price at which such securities trade in such market. If the Qualifying Employer Securities do not trade on the relevant date, or if the market is very thin on such date, then the Plan Administrator may use for
the valuation the next preceding trading day on which the trading prices are representative of the fair market value of such securities in the opinion of the Plan Administrator. 

Cash dividends payable on the Qualifying Employer Securities shall be reinvested in additional shares of such securities. In the event of
any cash or stock dividend or any stock split, such dividend or split shall be credited to the Accounts based on the number of shares of Qualifying Employer Securities credited to each Account as of the payable date of such dividend or split.

  

					
	 RESTATEMENT JUNE 1, 2012
	 	42	  	ARTICLE IV (88899) -2

 All purchases of Qualifying Employer Securities shall be made at a price, or prices, which,
in the judgment of the Plan Administrator, do not exceed the fair market value of such securities. 
 In the event that the
Trustee acquires Qualifying Employer Securities by purchase from a “disqualified person” as defined in Code Section 4975(e)(2) or from a “party-in-interest” as defined in ERISA Section 3(14), the terms of such purchase
shall contain the provision that in the event there is a final determination by the Internal Revenue Service, the Department of Labor, or court of competent jurisdiction that the fair market value of such securities as of the date of purchase was
less than the purchase price paid by the Trustee, then the seller shall pay or transfer, as the case may be, to the Trustee an amount of cash or shares of Qualifying Employer Securities equal in value to the difference between the purchase price and
such fair market value for all such shares. In the event that cash or shares of Qualifying Employer Securities are paid or transferred to the Trustee under this provision, such securities shall be valued at their fair market value as of the date of
such purchase, and interest at a reasonable rate from the date of purchase to the date of payment or transfer shall be paid by the seller on the amount of cash paid. 
 The Plan Administrator may direct the Trustee to sell, resell, or otherwise dispose of Qualifying Employer Securities to any person, including the Employer, provided that any such sales to any
disqualified person or party-in-interest, including the Employer, will be made at not less than the fair market value and no commission will be charged. Any such sale shall be made in conformance with ERISA Section 408(e). 

The Employer is responsible for compliance with any applicable Federal or state securities law with respect to all aspects of the Plan. If
the Qualifying Employer Securities or interest in this Plan are required to be registered in order to permit investment in the Qualifying Employer Securities Fund as provided in this section, then such investment will not be effective until the
later of the effective date of the Plan or the date such registration or qualification is effective. The Employer, at its own expense, will take or cause to be taken any and all such actions as may be necessary or appropriate to effect such
registration or qualification. Further, if the Trustee is directed to dispose of any Qualifying Employer Securities held under the Plan under circumstances which require registration or qualification of the securities under applicable Federal or
state securities laws, then the Employer will, at its own expense, take or cause to be taken any and all such action as may be necessary or appropriate to effect such registration or qualification. The Employer is responsible for all compliance
requirements under Section 16 of the Securities Act. 
  

	 	(b)	Diversification Requirements. The diversification requirements below apply for Plan Years beginning on or after January 1, 2007. 

An applicable individual (as defined in section 1.401(a)(35)-1(b) of the regulations) is permitted to elect to direct any publicly traded
qualifying employer securities (as defined in Code Section 401(a)(35)(G)(v)) held in his Account under the Plan to be reinvested in other investment options offered under the Plan with respect to the portion of his Account that is subject to
Code Section 401(a)(35)(B) or (C). The plan sponsor may permit diversification of amounts invested in qualifying employer securities earlier than required as long as the earlier time period is applied consistently to all applicable individuals.

 The Plan shall offer at least three investment options, other than Qualifying Employer Securities, to which the applicable
individual may direct all or any portion of his Account invested in Qualifying Employer Securities, and each investment option must be diversified and have 

  

					
	 RESTATEMENT JUNE 1, 2012
	 	43	  	ARTICLE IV (88899) -2

 
materially different risk and return characteristics that satisfy the requirements of section 2550.404c-1(b)(3) of the Department of Labor regulations. The Plan may limit the time for divestment
and reinvestment to periodic, reasonable opportunities occurring no less frequently than quarterly. The Plan may not impose any restrictions or conditions with respect to the investment of Qualifying Employer Securities that are not imposed on the
investment options offered under the Plan, except as provided in section 1.401(a)(35)-1(e) of the regulations. 
 A notice must
be provided to each applicable individual that describes the divestiture rights and the importance of diversifying the investment of retirement plan assets. The Plan Administrator shall provide the notice to all applicable individuals no later than
30 days before the date on which the applicable individuals are eligible to exercise their right to diversify. 
  

	 	(c)	Voting and Tender of Qualifying Employer Securities. The Employer (or the Named Fiduciary or the Investment Manager as designated by the Employer) will have the
voting rights for Qualifying Employer Securities. Before each meeting of shareholders, the Employer shall cause to be sent to each person with power to control such voting rights a copy of any notice and any other information provided to
shareholders and, if applicable, a form for instructing the Trustee how to vote at such meeting (or any adjournment thereof) the number of full and fractional shares subject to such person’s voting control. The Trustee may establish a deadline
in advance of the meeting by which such forms must be received in order to be effective. 

 Tender rights or
exchange offers for Qualifying Employer Securities will be determined by the Employer (or the Named Fiduciary or the Investment Manager as designated by the Employer). As soon as practicable after the commencement of a tender or exchange offer for
Qualifying Employer Securities, the Employer shall cause each person with power to control the response to such tender or exchange offer to be advised in writing the terms of the offer and, if applicable, to be provided with a form for instructing
the Trustee, or for revoking such instruction, to tender or exchange shares of Qualifying Employer Securities, to the extent permitted under the terms of such offer. In advising such persons of the terms of the offer, the Employer may include
statements from the board of directors setting forth its position with respect to the offer. 

  

					
	 RESTATEMENT JUNE 1, 2012
	 	44	  	ARTICLE IV (88899) -2

 ARTICLE V 
 BENEFITS 
 SECTION 5.01—RETIREMENT BENEFITS. 

On a Participant’s Retirement Date, his Vested Account shall be distributed to him according to the distribution of benefits
provisions of Article VI and the provisions of the SMALL AMOUNTS SECTION of Article X. 
 SECTION 5.02—DEATH BENEFITS. 

If a Participant dies before his Annuity Starting Date, his Vested Account shall be distributed according to the distribution of benefits
provisions of Article VI and the provisions of the SMALL AMOUNTS SECTION of Article X. 
 SECTION 5.03—VESTED BENEFITS. 

If an Inactive Participant’s Vested Account is not payable under the SMALL AMOUNTS SECTION of Article X, he may elect, but is not
required, to receive a distribution of any part of his Vested Account after he has a Severance from Employment. A distribution under this paragraph shall be a retirement benefit and shall be distributed to the Participant according to the
distribution of benefits provisions of Article VI. 
 A Participant may not elect to receive a distribution under the provisions
of this section after he again becomes an Employee until he subsequently has a Severance from Employment and meets the requirements of this section. 
 A Participant who has been performing Qualified Military Service for a period of more than 30 days is deemed to have had a Severance from Employment for purposes of requesting a distribution of his Vested
Account resulting from Elective Deferral Contributions. The Plan will suspend Elective Deferral Contributions for six months after receipt of the distribution. 
 If an Inactive Participant does not receive an earlier distribution, upon his Retirement Date or death, his Vested Account shall be distributed according to the provisions of the RETIREMENT BENEFITS
SECTION or the DEATH BENEFITS SECTION of this article. 
 The Nonvested Account of an Inactive Participant who has had a
Severance from Employment shall remain a part of his Account until it becomes a Forfeiture. However, if he again becomes an Employee so that his Vesting Percentage can increase, the Nonvested Account may become a part of his Vested Account.

 SECTION 5.04—WHEN BENEFITS START. 
  

	 	(a)	Unless otherwise elected, benefits shall begin before the 60th day following the close of the Plan Year in which the latest date below occurs: 

 

	 	(1)	The date the Participant attains age 65 (or Normal Retirement Age, if earlier). 

 

	 	(2)	The 10th anniversary of the Participant’s Entry Date. 

  

	 	(3)	The date the Participant terminates service with the Employer. 

  

					
	 RESTATEMENT JUNE 1, 2012
	 	45	  	ARTICLE V (88899) -2

 Notwithstanding the foregoing, the failure of a Participant to consent to a distribution
while a benefit is immediately distributable, within the meaning of the ELECTION PROCEDURES SECTION of Article VI, shall be deemed to be an election to defer the start of benefits sufficient to satisfy this section. 

The Participant may elect to have benefits begin after the latest date for beginning benefits described above, subject to the following
provisions of this section. The Participant shall make the election in writing. Such election must be made before his Normal Retirement Date or the date he has a Severance from Employment, if later. The Participant shall not elect a date for
beginning benefits or a form of distribution that would result in a benefit payable when he dies which would be more than incidental within the meaning of governmental regulations. 

Benefits shall begin on an earlier date if otherwise provided in the Plan. For example, the Participant’s Retirement Date or Required
Beginning Date, as defined in the DEFINITIONS SECTION of Article VII. 
  

	 	(b)	The Participant’s Vested Account resulting from the following Contributions: 

 Elective Deferral Contributions 
 Qualified Nonelective Contributions 

may not be distributed earlier than Severance from Employment, death, or disability. Such amount may also be distributed upon: 

 

	 	(1)	Termination of the Plan, as permitted in Article VIII. 

  

	 	(2)	The attainment of age 59 1/2 as permitted in the definition of Normal Retirement Date in the DEFINITIONS SECTION of Article I. 

Elective Deferral Contributions may be distributed if the Participant is deemed to have a Severance from Employment as described in Code
Section 414(u)(12)(B)(i). 
 All distributions that may be made pursuant to one or more of the foregoing distributable
events will be a retirement benefit and shall be distributed to the Participant according to the distribution of benefits provisions of Article VI. In addition, distributions that are triggered by the termination of the Plan must be made in a lump
sum. A lump sum shall include a distribution of an annuity contract. 
 SECTION 5.05—WITHDRAWAL BENEFITS. 

A Participant may withdraw any part of his Vested Account resulting from Voluntary Contributions. A Participant may make only two such
withdrawals in any 12-month period. 
 A request for withdrawal shall be made in such manner and in accordance with such rules
as the Employer will prescribe for this purpose (including by means of voice response or other electronic means under circumstances the Employer permits). Withdrawals shall be a retirement benefit and shall be distributed to the Participant
according to the distribution of benefits provisions of Article VI. A forfeiture shall not occur solely as a result of a withdrawal. 

  

					
	 RESTATEMENT JUNE 1, 2012
	 	46	  	ARTICLE V (88899) -2

 SECTION 5.06—LOANS TO PARTICIPANTS. 

Loans shall be made available to all Participants on a reasonably equivalent basis. For purposes of this section, and unless otherwise
specified, Participant means any Participant or Beneficiary who is a party-in-interest as defined in ERISA. Loans shall not be made to Highly Compensated Employees in an amount greater than the amount made available to other Participants.

 A loan to a Participant shall be a Participant-directed investment of his Account. The loan is a Trust Fund investment but no
Account other than the borrowing Participant’s Account shall share in the interest paid on the loan or bear any expense or loss incurred because of the loan. 
 The number of outstanding loans shall be limited to one. No more than two loans shall be approved for any Participant in any 12-month period. The minimum amount of any loan shall be $1,000. 

Loans must be adequately secured and bear a reasonable rate of interest. 

The amount of the loan shall not exceed the maximum amount that may be treated as a loan under Code Section 72(p) (rather than a
distribution) to the Participant and shall be equal to the lesser of (a) or (b) below: 
  

	 	(a)	$50,000, reduced by the highest outstanding loan balance of loans during the one-year period ending on the day before the new loan is made. 

 

	 	(b)	The greater of (1) or (2), reduced by (3) below: 

  

	 	(1)	One-half of the Participant’s Vested Account (without regard to any accumulated deductible employee contributions, as defined in Code Section 72(o)(5)(B)).

  

	 	(2)	$10,000. 

  

	 	(3)	Any outstanding loan balance on the date the new loan is made. 

 For purposes of this maximum, all qualified employer plans, as defined in Code Section 72(p)(4), of the Employer and any Controlled Group member shall be treated as one plan. 

The foregoing notwithstanding, the amount of such loan shall not exceed 50 percent of the amount of the Participant’s Vested
Account. For purposes of this maximum, a Participant’s Vested Account does not include any accumulated deductible employee contributions, as defined in Code Section 72(o)(5)(B). No collateral other than a portion of the Participant’s
Vested Account (as limited above) shall be accepted. 
 The Participant’s outstanding loan balance shall include any deemed
distribution, along with accrued interest, that has not been repaid or offset. 
 Each loan shall bear a reasonable fixed rate
of interest to be determined by the Loan Administrator. In determining the interest rate, the Loan Administrator shall take into consideration fixed interest rates currently being charged by commercial lenders for loans of comparable risk on similar
terms and for similar durations, so that the interest will provide for a return commensurate with rates currently charged by commercial lenders for loans made under similar circumstances. The Loan Administrator shall not discriminate among
Participants in the matter of interest rates; but loans granted at different times may bear different interest rates in accordance with the current appropriate standards. 

  

					
	 RESTATEMENT JUNE 1, 2012
	 	47	  	ARTICLE V (88899) -2

 The loan shall by its terms require that repayment (principal and interest) be amortized in
level payments, not less frequently than quarterly, over a period not extending beyond five years from the date of the loan. 

The Participant shall make an application for a loan in such manner and in accordance with such rules as the Employer shall prescribe for
this purpose (including by means of voice response or other electronic means under circumstances the Employer permits). The application must specify the amount and duration requested. 

Information contained in the application for the loan concerning the income, liabilities, and assets of the Participant will be evaluated
to determine whether there is a reasonable expectation that the Participant will be able to satisfy payments on the loan as due. 
 Each loan shall be fully documented in the form of a promissory note signed by the Participant for the face amount of the loan, together with interest determined as specified above. 

There will be an assignment of collateral to the Plan executed at the time the loan is made. 

In those cases where repayment through payroll deduction is available, installments are so payable, and a payroll deduction agreement
shall be executed by the Participant at the time the loan is made. If the Participant has previously been treated as having received a deemed distribution and the subsequent loan is being made before the deemed distribution, along with accrued
interest, has been repaid (or offset), a payroll deduction agreement shall be required. If a payroll deduction agreement is required because of a previous deemed distribution and the Participant later revokes such agreement, the outstanding loan
balance at the time of the revocation shall be treated as a deemed distribution. 
 Where payroll deduction is not available,
payments in cash are to be timely made. Any payment that is not by payroll deduction shall be made payable to the Employer or the Trustee, as specified in the promissory note, and delivered to the Loan Administrator, including prepayments, service
fees and penalties, if any, and other amounts due under the note. 
 The promissory note may provide for reasonable late payment
penalties and service fees. Any penalties or service fees shall be applied to all Participants in a nondiscriminatory manner. If the promissory note so provides, such amounts may be assessed and collected from the Account of the Participant as part
of the loan balance. 
 Each loan may be paid prior to maturity, in part or in full, without penalty or service fee, except as
may be set out in the promissory note. 
 The Plan shall suspend loan payments for a period not exceeding one year during which
an approved unpaid leave of absence occurs other than a military leave of absence. The Loan Administrator shall provide the Participant a written explanation of the effect of the suspension of payments upon his loan. 

If a Participant separates from service (or takes a leave of absence) from the Employer because of service in the military and does not
receive a distribution of his Vested Account, the Plan shall suspend loan payments until the Participant’s completion of military service or until the Participant’s fifth anniversary of commencement of military service, if earlier, as
permitted under Code Section 414(u). The Loan Administrator shall provide the Participant a written explanation of the effect of his military service upon his loan. 
 If any payment of principal and interest, or any portion thereof, remains unpaid for more than 90 days after due, the loan shall be in default. For purposes of Code Section 72(p), the Participant
shall then be treated as having received a deemed distribution regardless of whether or not a distributable event has occurred. 

  

					
	 RESTATEMENT JUNE 1, 2012
	 	48	  	ARTICLE V (88899) -2

 Upon default, the Plan has the right to pursue any remedy available by law to satisfy the
amount due, along with accrued interest, including the right to enforce its claim against the security pledged and execute upon the collateral as allowed by law. The entire principal balance whether or not otherwise then due, along with accrued
interest, shall become immediately due and payable without demand or notice, and subject to collection or satisfaction by any lawful means, including specifically, but not limited to, the right to enforce the claim against the security pledged and
to execute upon the collateral as allowed by law. 
 In the event of default, foreclosure on the note and attachment of security
or use of amounts pledged to satisfy the amount then due shall not occur until a distributable event occurs in accordance with the Plan, and shall not occur to an extent greater than the amount then available upon any distributable event which has
occurred under the Plan. 
 All reasonable costs and expenses, including but not limited to attorney’s fees, incurred by
the Plan in connection with any default or in any proceeding to enforce any provision of a promissory note or instrument by which a promissory note for a Participant loan is secured, shall be assessed and collected from the Account of the
Participant as part of the loan balance. 
 If payroll deduction is being utilized, in the event that a Participant’s
available payroll deduction amounts in any given month are insufficient to satisfy the total amount due, there will be an increase in the amount taken subsequently, sufficient to make up the amount that is then due. If any amount remains past due
more than 90 days, the entire principal amount, whether or not otherwise then due, along with interest then accrued, shall become due and payable, as above. 
 If no distributable event has occurred under the Plan at the time that the Participant’s Vested Account would otherwise be used under this provision to pay any amount due under the outstanding loan,
this will not occur until the time, or in excess of the extent to which, a distributable event occurs under the Plan. An outstanding loan will become due and payable in full 60 days after a Participant has a Severance from Employment and ceases to
be a party-in-interest as defined in ERISA or after complete termination of the Plan. 
 SECTION 5.07—DISTRIBUTIONS UNDER QUALIFIED
DOMESTIC RELATIONS ORDERS. 
 The Plan specifically permits distributions to an Alternate Payee under a qualified domestic
relations order as defined in Code Section 414(p), at any time, irrespective of whether the Participant has attained his earliest retirement age, as defined in Code Section 414(p), under the Plan. A distribution to an Alternate Payee
before the Participant has attained his earliest retirement age is available only if the order specifies that distribution shall be made prior to the earliest retirement age or allows the Alternate Payee to elect a distribution prior to the earliest
retirement age. 
 Nothing in this section shall permit a Participant to receive a distribution at a time otherwise not
permitted under the Plan nor shall it permit the Alternate Payee to receive a form of payment not permitted under the Plan. 

The benefit payable to an Alternate Payee shall be subject to the provisions of the SMALL AMOUNTS SECTION of Article X if the value of
the benefit does not exceed $5,000. 

  

					
	 RESTATEMENT JUNE 1, 2012
	 	49	  	ARTICLE V (88899) -2

 The Plan Administrator shall establish reasonable procedures to determine the qualified
status of a domestic relations order. Upon receiving a domestic relations order, the Plan Administrator shall promptly notify the Participant and each Alternate Payee named in the order, in writing, of the receipt of the order and the Plan’s
procedures for determining the qualified status of the order. Within a reasonable period of time after receiving the domestic relations order, the Plan Administrator shall determine the qualified status of the order and shall notify the Participant
and each Alternate Payee, in writing, of its determination. The Plan Administrator shall provide notice under this paragraph by mailing to the individual’s address specified in the domestic relations order, or in a manner consistent with
Department of Labor regulations. The Plan Administrator may treat as qualified any domestic relations order entered before January 1, 1985, irrespective of whether it satisfies all the requirements described in Code Section 414(p).

 If any portion of the Participant’s Vested Account is payable during the period the Plan Administrator is making its
determination of the qualified status of the domestic relations order, a separate accounting shall be made of the amount payable. If the Plan Administrator determines the order is a qualified domestic relations order within 18 months of the date
amounts are first payable following receipt of the order, the payable amounts shall be distributed in accordance with the order. If the Plan Administrator does not make its determination of the qualified status of the order within the 18-month
determination period, the payable amounts shall be distributed in the manner the Plan would distribute if the order did not exist and the order shall apply prospectively if the Plan Administrator later determines the order is a qualified domestic
relations order. 
 The Plan shall make payments or distributions required under this section by separate benefit checks or
other separate distribution to the Alternate Payee(s). 

  

					
	 RESTATEMENT JUNE 1, 2012
	 	50	  	ARTICLE V (88899) -2

 ARTICLE VI 
 DISTRIBUTION OF BENEFITS 
 SECTION 6.01—AUTOMATIC FORMS OF DISTRIBUTION.

 Unless an optional form of benefit is selected pursuant to a qualified election within the election period (see the
ELECTION PROCEDURES SECTION of this article), the automatic form of benefit payable to or on behalf of a Participant is determined as follows: 
  

	 	(a)	Retirement Benefits. The automatic form of retirement benefit for a Participant who does not die before his Annuity Starting Date shall be a single sum payment.

  

	 	(b)	Death Benefits. The automatic form of death benefit for a Participant who dies before his Annuity Starting Date shall be a single sum payment to the
Participant’s Beneficiary. 

 SECTION 6.02—OPTIONAL FORMS OF DISTRIBUTION. 

 

	 	(a)	Retirement Benefits. The optional form of retirement benefit shall be a distribution in kind. A single sum payment is also available. The portion of a
Participant’s Account that is held in the Qualifying Employer Securities Fund may be distributed in kind. 

Election of an optional form is subject to the qualified election provisions of the ELECTION PROCEDURES SECTION of this article and the
distribution requirements of Article VII. 
  

	 	(b)	Death Benefits. The optional form of death benefit is a single sum payment. 

Election of an optional form is subject to the qualified election provisions of the ELECTION PROCEDURES SECTION of this article and the
distribution requirements of Article VII. 
 SECTION 6.03—ELECTION PROCEDURES. 

The Participant or Beneficiary shall make any election under this section in writing. The Plan Administrator may require such individual
to complete and sign any necessary documents as to the provisions to be made. Any election permitted under (a) and (b) below shall be subject to the qualified election provisions of (c) below. 

 

	 	(a)	Retirement Benefits. A Participant may elect his Beneficiary and may elect to have retirement benefits distributed under any of the optional forms of retirement
benefit available in the OPTIONAL FORMS OF DISTRIBUTION SECTION of this article. 

  

	 	(b)	Death Benefits. A Participant may elect his Beneficiary and may elect to have death benefits distributed under any of the optional forms of death benefit
available in the OPTIONAL FORMS OF DISTRIBUTION SECTION of this article. 

 If the Participant has not elected an
optional form of distribution for the death benefit payable to his Beneficiary, the Beneficiary may, for his own benefit, elect the form of distribution, in like manner as a Participant. 

  

					
	 RESTATEMENT JUNE 1, 2012
	 	51	  	ARTICLE VI (88899) -2

	 	(c)	Qualified Election. The Participant or Beneficiary may make an election at any time during the election period. The Participant or Beneficiary may revoke the
election made (or make a new election) at any time and any number of times during the election period. An election is effective only if it meets the consent requirements below. 

 

	 	(1)	Election Period for Retirement Benefits. The Participant may make an election as to retirement benefits at any time before the Annuity Starting Date.

  

	 	(2)	Election Period for Death Benefits. A Participant may make an election as to death benefits at any time before he dies. The Beneficiary’s election period
begins on the date the Participant dies and ends on the date benefits begin. 

  

	 	(3)	Consent to Election. If the Participant’s Vested Account exceeds $5,000, any benefit that is immediately distributable requires the consent of the
Participant. 

 The consent of the Participant to a benefit that is immediately distributable must not be made
before the date the Participant is provided with the notice of the ability to defer the distribution. Such consent shall be in writing. 
 The consent shall not be made more than 180 days before the Annuity Starting Date. The consent of the Participant shall not be required to the extent that a distribution is required to satisfy Code
Section 401(a)(9) or 415. 
 In addition, upon termination of this Plan, if the Plan does not offer an annuity option
(purchased from a commercial provider), and if the Employer (or any entity within the same Controlled Group) does not maintain another defined contribution plan (other than an employee stock ownership plan as defined in Code
Section 4975(e)(7)), the Participant’s Account balance will, without the Participant’s consent, be distributed to the Participant. However, if any entity within the same Controlled Group maintains another defined contribution plan
(other than an employee stock ownership plan as defined in Code Section 4975(e)(7)) the Participant’s Account will be transferred, without the Participant’s consent, to the other plan if the Participant does not consent to an
immediate distribution. 
 A benefit is immediately distributable if any part of the benefit could be distributed to the
Participant before the Participant attains the older of Normal Retirement Age or age 62. 
 Spousal consent is needed to name a
Beneficiary other than the Participant’s spouse. If the Participant names a Beneficiary other than his spouse, the spouse has the right to limit consent only to a specific Beneficiary. The spouse can relinquish such right. Such consent shall be
in writing. The spouse’s consent shall be witnessed by a plan representative or notary public. The spouse’s consent must acknowledge the effect of the election, including that the spouse had the right to limit consent only to a specific
Beneficiary and that the relinquishment of such right was voluntary. Unless the consent of the spouse expressly permits designations by the Participant without a requirement of further consent by the spouse, the spouse’s consent must be limited
to the Beneficiary, class of Beneficiaries, or contingent Beneficiary named in the election. 
 Spousal consent is not required,
however, if the Participant establishes to the satisfaction of the plan representative that the consent of the spouse cannot be obtained because there is no spouse or the spouse cannot be located. A spouse’s consent under this paragraph shall
not be valid with respect to any other spouse. A Participant may revoke a prior election without the consent of the spouse. Any new election will require a new spousal consent, unless the consent of the spouse expressly permits such election by the
Participant without further consent by the spouse. A spouse’s consent may be revoked at any time within the Participant’s election period. 

  

					
	 RESTATEMENT JUNE 1, 2012
	 	52	  	ARTICLE VI (88899) -2

 SECTION 6.04—NOTICE REQUIREMENTS. 

Optional Forms of Retirement Benefit and Right to Defer. The Plan Administrator shall furnish to the Participant a written
explanation of the right of the Participant to defer distribution until the benefit is no longer immediately distributable, including an explanation of the consequences of not deferring the distribution. Such notice shall include a written
explanation of the optional forms of retirement benefit in the OPTIONAL FORMS OF DISTRIBUTION SECTION of this article, including a general description of the material features of these options. 

The Plan Administrator shall furnish the written explanation by a method reasonably calculated to reach the attention of the Participant
no less than 30 days, and no more than 180 days, before the Annuity Starting Date. 
 However, distribution may begin less than
30 days after the notice described in this subparagraph is given, provided the Plan Administrator clearly informs the Participant that he has a right to a period of at least 30 days after receiving the notice to consider the decision of whether or
not to elect a distribution (and if applicable, a particular distribution option), and the Participant, after receiving the notice, affirmatively elects a distribution. 

  

					
	 RESTATEMENT JUNE 1, 2012
	 	53	  	ARTICLE VI (88899) -2

 ARTICLE VII 
 REQUIRED MINIMUM DISTRIBUTIONS 
 SECTION 7.01—APPLICATION. 

The optional forms of distribution are only those provided in Article VI. An optional form of distribution shall not be permitted unless
it meets the requirements of this article. The timing of any distribution must meet the requirements of this article. 

Notwithstanding the provisions of this article, a Participant or Beneficiary who would have been required to receive required minimum
distributions (described in the REQUIRED MINIMUM DISTRIBUTIONS SECTION of this article) for 2009 but for the enactment of Code Section 401(a)(9)(H), and who would have satisfied that requirement by receiving distributions that are
(i) equal to the 2009 required minimum distributions or (ii) one or more payments in a series of substantially equal distributions (that include the 2009 required minimum distributions) made at least annually and expected to last for the
life (or life expectancy) of the Participant, the joint lives (or joint life expectancy) of the Participant and the Participant’s Designated Beneficiary, or for a period of at least 10 years, will not receive those required minimum
distributions for 2009 unless the Participant or Beneficiary chooses to receive such distributions. Solely for purposes of applying the provisions of the DIRECT ROLLOVERS SECTION of Article X, required minimum distributions made for 2009, will be
treated as Eligible Rollover Distributions. 
 SECTION 7.02—DEFINITIONS. 

For purposes of this article, the following terms are defined: 
 Distribution Calendar Year means a calendar year for which a minimum distribution is required. For distributions beginning before the Participant’s death, the first Distribution Calendar Year
is the calendar year immediately preceding the calendar year that contains the Participant’s Required Beginning Date. For distributions beginning after the Participant’s death, the first Distribution Calendar Year is the calendar year in
which distributions are required to begin under (b)(2) of the REQUIRED MINIMUM DISTRIBUTIONS SECTION of this article. The required minimum distribution for the Participant’s first Distribution Calendar Year will be made on or before the
Participant’s Required Beginning Date. The required minimum distribution for other Distribution Calendar Years, including the required minimum distribution for the Distribution Calendar Year in which the Participant’s Required Beginning
Date occurs, will be made on or before December 31 of that Distribution Calendar Year. 
 5-percent Owner means a
Participant who is treated as a 5-percent Owner for purposes of this article. A Participant is treated as a 5-percent Owner for purposes of this article if such Participant is a 5-percent owner as defined in Code Section 416 at any time during
the Plan Year ending with or within the calendar year in which such owner attains age 70 1/2. 
 Once distributions have begun to
a 5-percent Owner under this article, they must continue to be distributed, even if the Participant ceases to be a 5-percent Owner in a subsequent year. 
 Life Expectancy means life expectancy as computed by use of the Single Life Table in Q&A-1 in section 1.401(a)(9)-9 of the regulations. 

  

					
	 RESTATEMENT JUNE 1, 2012
	 	54	  	ARTICLE VII (88899) -2

 Participant’s Account Balance means the Account balance as of the last Valuation
Date in the calendar year immediately preceding the Distribution Calendar Year (valuation calendar year) increased by the amount of any contributions made and allocated or forfeitures allocated to the Account as of dates in the valuation calendar
year after the Valuation Date and decreased by distributions made in the valuation calendar year after the Valuation Date. The Account balance for the valuation calendar year includes any amounts rolled over or transferred to the Plan either in the
valuation calendar year or in the Distribution Calendar Year if distributed or transferred in the valuation calendar year. 

Required Beginning Date means, for a Participant who is a 5-percent Owner, April 1 of the calendar year following the calendar
year in which he attains age 70 1/2. 
 Required Beginning Date means, for any Participant who is not a 5-percent Owner,
April 1 of the calendar year following the later of the calendar year in which he attains age 70 1/2 or the calendar year in which he retires. 
 The preretirement age 70 1/2 distribution option is only eliminated with respect to Participants who reach age 70 1/2 in or after a calendar year that begins after the later of December 31, 1998, or
the adoption date of the amendment which eliminated such option. The preretirement age 70 1/2 distribution option is an optional form of benefit under which benefits payable in a particular distribution form (including any modifications that may be
elected after benefits begin) begin at a time during the period that begins on or after January 1 of the calendar year in which the Participant attains age 70 1/2 and ends April 1 of the immediately following calendar year. 

The options available for Participants who are not 5-percent Owners and attained age 70 1/2 in calendar years before the calendar year
that begins after the later of December 31, 1998, or the adoption date of the amendment which eliminated the preretirement age 70 1/2 distribution option shall be the following. Any such Participant attaining age 70 1/2 in years after 1995 may
elect by April 1 of the calendar year following the calendar year in which he attained age 70 1/2 (or by December 31, 1997 in the case of a Participant attaining age 70 1/2 in 1996) to defer distributions until April 1 of the calendar
year following the calendar year in which he retires. If no such election is made, the Participant shall begin receiving distributions by April 1 of the calendar year following the year in which he attained age 70 1/2 (or by December 31,
1997 in the case of a Participant attaining age 70 1/2 in 1996). Any such Participant attaining age 70 1/2 in years prior to 1997 may elect to stop distributions that are not purchased annuities and recommence by April 1 of the calendar year
following the calendar year in which he retires. There shall be a new Annuity Starting Date upon recommencement. 
 SECTION
7.03—REQUIRED MINIMUM DISTRIBUTIONS. 
  

	 	(a)	General Rules. 

  

	 	(1)	The requirements of this article shall apply to any distribution of a Participant’s interest and will take precedence over any inconsistent provisions of this
Plan. Unless otherwise specified, the provisions of this article apply to calendar years beginning after 

 December 31, 2002. 
  

	 	(2)	All distributions required under this article shall be determined and made in accordance with the regulations under Code Section 401(a)(9), including the
incidental death benefit requirement in Code Section 401(a)(9)(G), and the regulations thereunder. 

  

	 	(b)	Time and Manner of Distribution. 

  

	 	(1)	Required Beginning Date. The Participant’s entire interest will be distributed, or begin to be distributed, to the Participant no later than the
Participant’s Required Beginning Date. 

  

					
	 RESTATEMENT JUNE 1, 2012
	 	55	  	ARTICLE VII (88899) -2

	 	(2)	Death of Participant Before Distributions Begin. If the Participant dies before distributions begin, the Participant’s entire interest will be distributed,
or begin to be distributed, no later than as follows: 

  

	 	(i)	If the Participant’s surviving spouse is the Participant’s sole Designated Beneficiary, then distributions to the surviving spouse will begin by
December 31 of the calendar year immediately following the calendar year in which the Participant died, or by December 31 of the calendar year in which the Participant would have attained age 70 1/2, if later, except to the extent that an
election is made to receive distributions in accordance with the 5-year rule under (e) below. Under the 5-year rule, the Participant’s entire interest will be distributed to the Designated Beneficiary by December 31 of the calendar
year containing the fifth anniversary of the Participant’s death. 

  

	 	(ii)	If the Participant’s surviving spouse is not the Participant’s sole Designated Beneficiary, then distributions to the Designated Beneficiary will begin by
December 31 of the calendar year immediately following the calendar year in which the Participant died, except to the extent that an election is made to receive distributions in accordance with the 5-year rule under (e) below. Under the
5-year rule, the Participant’s entire interest will be distributed to the Designated Beneficiary by December 31 of the calendar year containing the fifth anniversary of the Participant’s death. 

 

	 	(iii)	If there is no Designated Beneficiary as of September 30 of the year following the year of the Participant’s death, the Participant’s entire interest
will be distributed by December 31 of the calendar year containing the fifth anniversary of the Participant’s death. 

  

	 	(iv)	If the Participant’s surviving spouse is the Participant’s sole Designated Beneficiary and the surviving spouse dies after the Participant but before
distributions to the surviving spouse are required to begin, this (b)(2), other than (b)(2)(i), will apply as if the surviving spouse were the Participant. 

 For purposes of this (b)(2) and (d) below, unless (b)(2)(iv) above applies, distributions are considered to begin on the Participant’s Required Beginning Date. If (b)(2)(iv) above applies,
distributions are considered to begin on the date distributions are required to begin to the surviving spouse under (b)(2)(i) above. If distributions under an annuity purchased from an insurance company irrevocably commence to the Participant before
the Participant’s Required Beginning Date (or to the Participant’s surviving spouse before the date distributions are required to begin to the surviving spouse under (b)(2)(i) above), the date distributions are considered to begin is the
date distributions actually commence. 
  

	 	(3)	Forms of Distribution. Unless the Participant’s interest is distributed in the form of an annuity purchased from an insurance company or in a single sum on
or before the Required Beginning Date, as of the first Distribution Calendar Year distributions will be made in accordance with (c) and (d) below. If the Participant’s interest is distributed in the form of an annuity purchased from
an insurance company, distributions thereunder will be made in accordance with the requirements of Code Section 401(a)(9) and the regulations thereunder. 

  

					
	 RESTATEMENT JUNE 1, 2012
	 	56	  	ARTICLE VII (88899) -2

	 	(c)	Required Minimum Distributions During Participant’s Lifetime. 

  

	 	(1)	Amount of Required Minimum Distribution For Each Distribution Calendar Year. During the Participant’s lifetime, the minimum amount that will be distributed
for each Distribution Calendar Year is the lesser of: 

  

	 	(i)	the quotient obtained by dividing the Participant’s Account Balance by the distribution period in the Uniform Lifetime Table set forth in Q&A-2 in section
1.401(a)(9)-9 of the regulations, using the Participant’s age as of the Participant’s birthday in the Distribution Calendar Year; or 

  

	 	(ii)	if the Participant’s sole Designated Beneficiary for the Distribution Calendar Year is the Participant’s spouse, the quotient obtained by dividing the
Participant’s Account Balance by the number in the Joint and Last Survivor Table set forth in Q&A-3 in section 1.401(a)(9)-9 of the regulations, using the Participant’s and spouse’s attained ages as of the Participant’s and
spouse’s birthdays in the Distribution Calendar Year. 

  

	 	(2)	Lifetime Required Minimum Distributions Continue Through Year of Participant’s Death. Required minimum distributions will be determined under this
(c) beginning with the first Distribution Calendar Year and continuing up to, and including, the Distribution Calendar Year that includes the Participant’s date of death. 

 

	 	(d)	Required Minimum Distributions After Participant’s Death. 

  

	 	(1)	Death On or After Date Distributions Begin. 

  

	 	(i)	Participant Survived by Designated Beneficiary. If the Participant dies on or after the date distributions begin and there is a Designated Beneficiary, the
minimum amount that will be distributed for each Distribution Calendar Year after the year of the Participant’s death is the quotient obtained by dividing the Participant’s Account Balance by the longer of the remaining Life Expectancy of
the Participant or the remaining Life Expectancy of the Participant’s Designated Beneficiary, determined as follows: 

  

	 	A.	The Participant’s remaining Life Expectancy is calculated using the age of the Participant in the year of death, reduced by one for each subsequent year.

  

	 	B.	If the Participant’s surviving spouse is the Participant’s sole Designated Beneficiary, the remaining Life Expectancy of the surviving spouse is calculated
for each Distribution Calendar Year after the year of the Participant’s death using the surviving spouse’s age as of the spouse’s birthday in that year. For Distribution Calendar Years after the year of the surviving spouse’s
death, the remaining Life Expectancy of the surviving spouse is calculated using the age of the surviving spouse as of the spouse’s birthday in the calendar year of the spouse’s death, reduced by one for each subsequent calendar year.

  

	 	C.	If the Participant’s surviving spouse is not the Participant’s sole Designated Beneficiary, the Designated Beneficiary’s remaining Life Expectancy is
calculated using the age of the Beneficiary in the year following the year of the Participant’s death, reduced by one for each subsequent year. 

  

					
	 RESTATEMENT JUNE 1, 2012
	 	57	  	ARTICLE VII (88899) -2

	 	(ii)	No Designated Beneficiary. If the Participant dies on or after the date distributions begin and there is no Designated Beneficiary as of September 30 of the
year after the year of the Participant’s death, the minimum amount that will be distributed for each Distribution Calendar Year after the year of the Participant’s death is the quotient obtained by dividing the Participant’s Account
Balance by the Participant’s remaining Life Expectancy calculated using the age of the Participant in the year of death, reduced by one for each subsequent year. 

 

	 	(2)	Death Before Date Distributions Begin. 

  

	 	(i)	Participant Survived by Designated Beneficiary. If the Participant dies before the date distributions begin and there is a Designated Beneficiary, the minimum
amount that will be distributed for each Distribution Calendar Year after the year of the Participant’s death is the quotient obtained by dividing the Participant’s Account Balance by the remaining Life Expectancy of the Participant’s
Designated Beneficiary, determined as provided in (d)(1) above, except to the extent that an election is made to receive distributions in accordance with the 5-year rule under (e) below. Under the 5-year rule, the Participant’s entire
interest will be distributed to the Designated Beneficiary by December 31 of the calendar year containing the fifth anniversary of the Participant’s death. 

 

	 	(ii)	No Designated Beneficiary. If the Participant dies before the date distributions begin and there is no Designated Beneficiary as of September 30 of the year
following the year of the Participant’s death, distribution of the Participant’s entire interest will be completed by December 31 of the calendar year containing the fifth anniversary of the Participant’s death.

  

	 	(iii)	Death of Surviving Spouse Before Distributions to Surviving Spouse Are Required to Begin. If the Participant dies before the date distributions begin, the
Participant’s surviving spouse is the Participant’s sole Designated Beneficiary, and the surviving spouse dies before distributions are required to begin to the surviving spouse under (b)(2)(i) above, this (d)(2) will apply as if the
surviving spouse were the Participant. 

  

	 	(e)	Election of 5-year Rule. Participants or Beneficiaries may elect on an individual basis whether the 5-year rule in (b)(2) and (d)(2) above applies to
distributions after the death of a Participant who has a Designated Beneficiary. The election must be made no later than the earlier of September 30 of the calendar year in which the distribution would be required to begin under (b)(2) above if
no such election is made, or by September 30 of the calendar year which contains the fifth anniversary of the Participant’s (or, if applicable, surviving spouse’s) death. 

  

					
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	 	58	  	ARTICLE VII (88899) -2

 SECTION 7.04—TRANSITION RULES. 

To the extent the Plan was effective before 2003, required minimum distributions were made pursuant to (a) and (b) below:

  

	 	(a)	2000 and Before. Required minimum distributions for calendar years after 1984 and before 2001 were made in accordance with Code Section 401(a)(9) and the
proposed regulations thereunder published in the Federal Register on July 27, 1987 (the 1987 Proposed Regulations). 

  

	 	(b)	2001 and 2002. Required minimum distributions for calendar years 2001 and 2002 were made pursuant to the proposed regulations under Code Section 401(a)(9)
published in the Federal Register on January 17, 2001 (the 2001 Proposed Regulations). Distributions were made in 2001 under the 1987 Proposed Regulations prior to June 14, 2001, and the special transition rule in Announcement 2001-82,
2001-2 C.B. 123, applied. 

  

					
	 RESTATEMENT JUNE 1, 2012
	 	59	  	ARTICLE VII (88899) -2

 ARTICLE VIII 
 TERMINATION OF THE PLAN 
 The Employer expects to continue the Plan
indefinitely but reserves the right to terminate the Plan in whole or in part at any time upon giving written notice to all parties concerned. 
 Upon complete termination of the Plan, the Account of each Participant shall be 100% vested and nonforfeitable as of the effective date of the complete termination of the Plan. The Account of each
Participant shall also be 100% vested and nonforfeitable upon complete discontinuance of Contributions as of the effective date of the amendment to cease Contributions or as determined by the Internal Revenue Service. Further, the Account of each
Participant who is included in the group of Participants deemed to be affected by a partial termination of the Plan (as determined by the Plan Administrator or a governmental entity authorized to make such determination) shall be 100% vested and
nonforfeitable as of the effective date of such event. The Participant’s Vested Account shall continue to participate in the earnings credited, expenses charged, and any appreciation or depreciation of the Investment Fund until his Vested
Account is distributed. 
 A Participant’s Vested Account that does not result from the Contributions listed below may be
distributed to the Participant after the effective date of the complete termination of the Plan: 
 Elective Deferral
Contributions 
 Qualified Nonelective Contributions 
 A Participant’s Vested Account resulting from such Contributions may be distributed upon complete termination of the Plan, but only if neither the Employer nor any Controlled Group member maintain
another defined contribution plan (other than an employee stock ownership plan as defined in Code Section 4975(e)(7) or 409(a), a simplified employee pension plan as defined in Code Section 408(k), a SIMPLE IRA plan as defined in Code
Section 408(p), a plan or contract that satisfies the requirements of Code Section 403(b), or a plan described in Code Section 457(b) or (f)) at any time during the period beginning on the date of complete termination of the Plan and
ending 12 months after all assets have been distributed from the Plan. Such distribution is made in a lump sum. A distribution under this article shall be a retirement benefit and shall be distributed to the Participant according to the provisions
of Article VI. 
 The Participant’s entire Vested Account shall be paid in a single sum to the Participant as of the
effective date of complete termination of the Plan if (i) the requirements for distribution of Elective Deferral Contributions in the above paragraph are met and (ii) consent of the Participant is not required in the ELECTION PROCEDURES
SECTION of Article VI to distribute a benefit that is immediately distributable. This is a small amounts payment. The small amounts payment is in full settlement of all benefits otherwise payable. 

Upon complete termination of the Plan, no more Employees shall become Participants and no more Contributions shall be made. 

The assets of this Plan shall not be paid to the Employer at any time, except that, after the satisfaction of all liabilities under the
Plan, any assets remaining may be paid to the Employer. The payment may not be made if it would contravene any provision of law. 

  

					
	 RESTATEMENT JUNE 1, 2012
	 	60	  	ARTICLE VIII (88899) -2

 ARTICLE IX 
 ADMINISTRATION OF THE PLAN 
 SECTION 9.01—ADMINISTRATION. 

Subject to the provisions of this article, the Plan Administrator has complete control of the administration of the Plan. The Plan
Administrator has all the powers necessary for it to properly carry out its administrative duties. Not in limitation, but in amplification of the foregoing, the Plan Administrator has complete discretion to construe or interpret the provisions of
the Plan, including ambiguous provisions, if any, and to determine all questions that may arise under the Plan, including all questions relating to the eligibility of Employees to participate in the Plan and the amount of benefit to which any
Participant or Beneficiary may become entitled. The Plan Administrator’s decisions upon all matters within the scope of its authority shall be final. 
 Unless otherwise set out in the Plan or Annuity Contract, the Plan Administrator may delegate recordkeeping and other duties which are necessary to assist it with the administration of the Plan to any
person or firm which agrees to accept such duties. The Plan Administrator shall be entitled to rely upon all tables, valuations, certificates and reports furnished by the consultant or actuary appointed by the Plan Administrator and upon all
opinions given by any counsel selected or approved by the Plan Administrator. 
 The Plan Administrator shall receive all claims
for benefits by Participants, former Participants, and Beneficiaries. The Plan Administrator shall determine all facts necessary to establish the right of any Claimant to benefits and the amount of those benefits under the provisions of the Plan.
The Plan Administrator may establish rules and procedures to be followed by Claimants in filing claims for benefits, in furnishing and verifying proofs necessary to determine age, and in any other matters required to administer the Plan. 

SECTION 9.02—EXPENSES. 
 Expenses of the Plan, to the extent that the Employer does not pay such expenses, may be paid out of the assets of the Plan provided that such payment is consistent with ERISA. Such expenses include, but
are not limited to, expenses for bonding required by ERISA; expenses for recordkeeping and other administrative services; fees and expenses of the Trustee or Annuity Contract; expenses for investment education service; and direct costs that the
Employer incurs with respect to the Plan. Expenses that relate solely to a specific Participant or Alternate Payee may be assessed against such Participant or Alternate Payee as provided in the service and expense agreement or such other documents
duly entered into by or with regard to the Plan that govern such matters. 
 SECTION 9.03—RECORDS. 

All acts and determinations of the Plan Administrator shall be duly recorded. All these records, together with other documents necessary
for the administration of the Plan, shall be preserved in the Plan Administrator’s custody. 
 Writing (handwriting,
typing, printing), photostating, photographing, microfilming, magnetic impulse, mechanical or electrical recording, or other forms of data compilation shall be acceptable means of keeping records. 

  

					
	 RESTATEMENT JUNE 1, 2012
	 	61	  	ARTICLE IX (88899) -2

 SECTION 9.04—INFORMATION AVAILABLE. 

Any Participant in the Plan or any Beneficiary may examine copies of the Plan description, latest annual report, any bargaining agreement,
this Plan, the Annuity Contract, or any other instrument under which the Plan was established or is operated. The Plan Administrator shall maintain all of the items listed in this section in its office, or in such other place or places as it may
designate in order to comply with governmental regulations. These items may be examined during reasonable business hours. Upon the written request of a Participant or Beneficiary receiving benefits under the Plan, the Plan Administrator shall
furnish him with a copy of any of these items. The Plan Administrator may make a reasonable charge to the requesting person for the copy. 

SECTION 9.05—CLAIM PROCEDURES. 
 A Claimant must submit any necessary forms and needed information when making a claim for benefits under the Plan. 
 If a claim for benefits under the Plan is wholly or partially denied, the Plan Administrator shall provide adequate written notice to the Claimant whose claim for benefits under the Plan has been denied.
The notice must be furnished within 90 days of the date that the claim is received by the Plan without regard to whether all of the information necessary to make a benefit determination is received. The Claimant shall be notified in writing within
this initial 90-day period if special circumstances require an extension of the time needed to process the claim. The notice shall indicate the special circumstances requiring an extension of time and the date by which the Plan Administrator’s
decision is expected to be rendered. In no event shall such extension exceed a period of 90 days from the end of the initial 90-day period. 
 The Plan Administrator’s notice to the Claimant shall: (i) specify the reason or reasons for the denial; (ii) reference the specific Plan provisions on which the denial is based;
(iii) describe any additional material and information needed for the Claimant to perfect his claim for benefits; (iv) explain why the material and information is needed; and (v) inform the Claimant of the Plan’s appeal
procedures and the time limits applicable to such procedures, including a statement of the Claimant’s right to bring a civil action under ERISA section 502(a) following an adverse benefit determination on appeal. 

Any appeal made by a Claimant must be made in writing to the Plan Administrator within 60 days after receipt of the Plan
Administrator’s notice of denial of benefits. If the Claimant appeals to the Plan Administrator, the Claimant may submit written comments, documents, records, and other information relating to the claim for benefits. The Claimant shall be
provided, upon request and free of charge, reasonable access to, and copies of, all documents, records, and other information relevant to the Claimant’s claim for benefits. The Plan Administrator shall review the claim taking into account all
comments, documents, records, and other information submitted by the Claimant relating to the claim, without regard to whether such information was submitted or considered in the initial benefit determination. 

The Plan Administrator shall provide adequate written notice to the Claimant of the Plan’s benefit determination on review. The
notice must be furnished within 60 days of the date that the request for review is received by the Plan without regard to whether all of the information necessary to make a benefit determination on review is received. The Claimant shall be notified
in writing within this initial 60-day period if special circumstances require an extension of the time needed to process the claim. The notice shall indicate the special circumstances requiring an extension of time and the date by which the Plan
Administrator expects to render the determination on review. In no event shall such extension exceed a period of 60 days from the end of the initial 60-day period. 

  

					
	 RESTATEMENT JUNE 1, 2012
	 	62	  	ARTICLE IX (88899) -2

 In the event the benefit determination is being made by a committee or board of trustees
that hold regularly scheduled meetings at least quarterly, the above paragraph shall not apply. The benefit determination must be made by the date of the meeting of the committee or board that immediately follows the Plan’s receipt of a request
for review, unless the request for review is filed within 30 days preceding the date of such meeting. In such case, the benefit determination must be made by the date of the second meeting following the Plan’s receipt of the request for review.
The date of the receipt of the request for review shall be determined without regard to whether all of the information necessary to make a benefit determination on review is received. The Claimant shall be notified in writing within this initial
period if special circumstances require an extension of the time needed to process the claim. The notice shall indicate the special circumstances requiring an extension of time and the date by which the committee or board expects to render the
determination on review. In no event shall such benefit determination be made later than the third meeting of the committee or board following the Plan’s receipt of the request for review. The Plan Administrator shall provide adequate written
notice to the Claimant of the Plan’s benefit determination on review as soon as possible, but not later than five days after the benefit determination is made. 
 If the claim for benefits is wholly or partially denied on review, the Plan Administrator’s notice to the Claimant shall: (i) specify the reason or reasons for the denial; (ii) reference
the specific Plan provisions on which the denial is based; (iii) include a statement that the Claimant is entitled to receive, upon request and free of charge, reasonable access to, and copies of, all documents, records, and other information
relevant to the Claimant’s claim for benefits; and (iv) include a statement of the Claimant’s right to bring a civil action under ERISA section 502(a). 
 A Claimant may authorize a representative to act on the Claimant’s behalf with respect to a benefit claim or appeal of an adverse benefit determination. Such authorization shall be made by completion
of a form furnished for that purpose. In the absence of any contrary direction from the Claimant, all information and notifications to which the Claimant is entitled shall be directed to the authorized representative. 

The Plan Administrator shall perform periodic examinations, reviews, or audits of benefit claims to determine whether claims
determinations are made in accordance with the governing Plan documents and, where appropriate, Plan provisions have been consistently applied with respect to similarly situated Claimants. 
 SECTION 9.06—DELEGATION OF AUTHORITY. 
 All or any part of the
administrative duties and responsibilities under this article may be delegated by the Plan Administrator to a retirement committee. The duties and responsibilities of the retirement committee shall be set out in a separate written agreement.

 SECTION 9.07—EXERCISE OF DISCRETIONARY AUTHORITY. 
 The Employer, Plan Administrator, and any other person or entity who has authority with respect to the management, administration, or investment of the Plan may exercise that authority in its/his full
discretion, subject only to the duties imposed under ERISA. This discretionary authority includes, but is not limited to, the authority to make any and all factual determinations and interpret all terms and provisions of the Plan documents relevant
to the issue under consideration. The exercise of authority will be binding upon all persons; will be given deference in all courts of law to the greatest extent allowed under law; and will not be overturned or set aside by any court of law unless
found to be arbitrary and capricious or made in bad faith. 

  

					
	 RESTATEMENT JUNE 1, 2012
	 	63	  	ARTICLE IX (88899) -2

 SECTION 9.08—TRANSACTION PROCESSING. 

Transactions (including, but not limited to, investment directions, trades, loans, and distributions) shall be processed as soon as
administratively practicable after proper directions are received from the Participant or other parties. No guarantee is made by the Plan, Plan Administrator, Trustee, Insurer, or Employer that such transactions will be processed on a daily or other
basis, and no guarantee is made in any respect regarding the processing time of such transactions. 
 Notwithstanding any other
provision of the Plan, the Employer, the Plan Administrator, or the Trustee reserves the right to not value an investment option on any given Valuation Date for any reason deemed appropriate by the Employer, the Plan Administrator, or the Trustee.

 Administrative practicality will be determined by legitimate business factors (including, but not limited to, failure of
systems or computer programs, failure of the means of the transmission of data, force majeure, the failure of a service provider to timely receive values or prices, and correction for errors or omissions or the errors or omissions of any service
provider) and in no event will be deemed to be less than 14 days. The processing date of a transaction shall be binding for all purposes of the Plan and considered the applicable Valuation Date for any transaction. 

  

					
	 RESTATEMENT JUNE 1, 2012
	 	64	  	ARTICLE IX (88899) -2

 ARTICLE X 
 GENERAL PROVISIONS 
 SECTION 10.01—AMENDMENTS. 

The Employer may amend this Plan at any time, including any remedial retroactive changes (within the time specified by Internal Revenue
Service regulations), to comply with any law or regulation issued by any governmental agency to which the Plan is subject. The Employer may correct obvious and unambiguous typographical errors and cross references that merely correct a reference but
that do not in any way change the original intended meaning of the provisions. 
 An amendment may not allow reversion or
diversion of Plan assets to the Employer at any time, except as may be required to comply with any law or regulation issued by any governmental agency to which the Plan is subject. 

An amendment may not eliminate or reduce a section 411(d)(6) protected benefit, as defined in Q&A-1 in section 1.411(d)-4 of the
regulations, that has already accrued, except as provided in section 1.411(d)-3 or 1.411(d)-4 of the regulations. This is generally the case even if such elimination or reduction is contingent upon the Employee’s consent. However, the Plan may
be amended to eliminate or reduce section 411(d)(6) protected benefits with respect to benefits not yet accrued as of the later of the amendment’s adoption date or effective date without violating Code Section 411(d)(6). 

If, as a result of an amendment, an Employer Contribution is removed that is not 100% immediately vested when made, the applicable
vesting schedule in effect as of the last day such Contributions were permitted shall remain in effect with respect to that part of the Participant’s Account resulting from such Contributions. The Participant shall not become immediately 100%
vested in such Contributions as a result of the elimination of such Contribution except as otherwise specifically provided in the Plan. 
 An amendment shall not decrease a Participant’s vested interest in the Plan. If an amendment to the Plan changes the computation of the percentage used to determine that portion of a
Participant’s Account attributable to Employer Contributions which is nonforfeitable (whether directly or indirectly), in the case of an Employee who is a Participant as of the later of the date such amendment or change is adopted or the date
it becomes effective, the nonforfeitable percentage (determined as of such date) of such Employee’s right to his Account attributable to Employer Contributions shall not be less than the percentage computed under the Plan without regard to such
amendment or change. Furthermore, each Participant or former Participant 
  

	 	(a)	who has completed at least three Years of Service on the date the election period described below ends (five Years of Service if the Participant does not have at least
one Hour of Service in a Plan Year beginning after December 31, 1988) and 

  

	 	(b)	whose nonforfeitable percentage will be determined on any date after the date of the change 

 may elect, during the election period, to have the nonforfeitable percentage of his Account resulting from Employer Contributions determined without regard to the amendment. This election may not be
revoked. If after the Plan is changed, the Participant’s nonforfeitable percentage will at all times be as great as it would have been if the change had not been made, no election needs to be provided. The election period shall begin no later
than the date the Plan amendment is adopted and end no earlier than the 60th day after the latest of the date the amendment is adopted or becomes effective, or the date the Participant is issued written notice of the amendment by the Employer or the
Plan Administrator. 

  

					
	 RESTATEMENT JUNE 1, 2012
	 	65	  	ARTICLE X (88899) -2

 For an amendment adopted after August 9, 2006, with respect to a Participant’s
Account attributable to Employer Contributions accrued as of the later of the adoption or effective date of the amendment and earnings, the vested percentage of each Participant will be the greater of the vested percentage under the old vesting
schedule or the vested percentage under the new vesting schedule. 
 SECTION 10.02—DIRECT ROLLOVERS. 

Notwithstanding any provision of the Plan to the contrary that would otherwise limit a Distributee’s election under this section, a
Distributee may elect, at the time and in the manner prescribed by the Plan Administrator, to have any portion of an Eligible Rollover Distribution paid directly to an Eligible Retirement Plan specified by the Distributee in a Direct Rollover.

 A Designated Beneficiary of a Participant who is not the surviving spouse of the Participant may elect, at the time and in
the manner prescribed by the Plan Administrator, to have any portion of a distribution, that would be an Eligible Rollover Distribution if the Designated Beneficiary were a Distributee, paid in a Direct Rollover to an individual retirement plan
established for the purposes of receiving the distribution on behalf of the Designated Beneficiary. Such individual retirement plan must be an individual retirement plan described in Code Section 408A(b), 402(c)(8)(B)(i), or 402(c)(8)(B)(ii).
If such Direct Rollover is made: (i) such Direct Rollover shall be treated as an Eligible Rollover Distribution; (ii) the individual retirement plan shall be treated as an inherited individual retirement account or individual retirement
annuity (within the meaning of Code Section 408(d)(3)(C)); and (iii) Code Section 401(a)(9)(B) (other than clause (iv) thereof) shall apply to such plan. For this purpose, certain trusts shall be treated as a Designated
Beneficiary as provided in Code Section 402(c)(11)(B). 
 In the event of a mandatory distribution of an Eligible Rollover
Distribution greater than $1,000 in accordance with the SMALL AMOUNTS SECTION of this article (or which is a small amounts payment under Article VIII at complete termination of the Plan), if the Participant does not elect to have such distribution
paid directly to an Eligible Retirement Plan specified by the Participant in a Direct Rollover or to receive the distribution directly, the Plan Administrator will pay the distribution in a Direct Rollover to an individual retirement plan designated
by the Plan Administrator. 
 In the event of any other Eligible Rollover Distribution to a Distributee in accordance with the
SMALL AMOUNTS SECTION of this article (or which is a small amounts payment under Article VIII at complete termination of the Plan), if the Distributee does not elect to have such distribution paid directly to an Eligible Retirement Plan specified by
the Distributee in a Direct Rollover or to receive the distribution directly, the Plan Administrator will pay the distribution to the Distributee. 
 A mandatory distribution is a distribution to a Participant that is made without the Participant’s consent and is made to the Participant before he attains the older of age 62 or his Normal
Retirement Age. 
 SECTION 10.03—MERGERS AND DIRECT TRANSFERS. 

The Plan may not be merged or consolidated with, nor have its assets or liabilities transferred to, any other retirement plan, unless each
Participant in this Plan would (if that plan then terminated) receive a benefit immediately after the merger, consolidation, or transfer that is equal to or greater than the benefit the Participant would have been entitled to receive immediately
before the merger, consolidation, or transfer (if this Plan had then terminated). The Employer may enter into merger agreements or direct transfer of assets agreements with the employers under other retirement plans which are qualifiable under Code
Section 401(a), including an elective transfer, and may accept the direct transfer of plan assets, or may transfer plan assets, as a party to any such agreement. The Employer shall not consent to, or be a party to a merger, consolidation, or
transfer of assets with a defined benefit plan if such action would result in a defined benefit 

  

					
	 RESTATEMENT JUNE 1, 2012
	 	66	  	ARTICLE X (88899) -2

 
feature being maintained under this Plan. The Employer will not transfer any amounts attributable to elective deferral contributions, qualified matching contributions, and qualified nonelective
contributions unless the transferee plan provides that the limitations of section 1.401(k)-1(d) of the regulations shall apply to such amounts (including post-transfer earnings thereon), unless the amounts could have been distributed at the time of
the transfer (other than for hardship), and the transfer is an elective transfer described in Q&A-3(b)(1) in section 1.411(d)-4 of the regulations. 
 Notwithstanding any provision of the Plan to the contrary, to the extent any optional form of benefit under the Plan permits a distribution prior to the Employee’s retirement, death, disability, or
Severance from Employment, and prior to plan termination, the optional form of benefit is not available with respect to benefits attributable to assets (including the post-transfer earnings thereon) and liabilities that are transferred, within the
meaning of Code Section 414(l), to this Plan from a money purchase pension plan qualified under Code Section 401(a) (other than any portion of those assets and liabilities attributable to voluntary employee contributions). The limitations
of section 1.401(k)-1(d) of the regulations applicable to elective deferral contributions, qualified matching contributions, and qualified nonelective contributions shall continue to apply to any amounts attributable to such contributions (including
post-transfer earnings thereon) transferred to this Plan, unless the amounts could have been distributed at the time of the transfer (other than for hardship), and the transfer is an elective transfer described in Q&A-3(b)(1) in section
1.411(d)-4 of the regulations. 
 The Plan may accept a direct transfer of plan assets on behalf of an Eligible Employee. If the
Eligible Employee is not an Active Participant when the transfer is made, the Eligible Employee shall be deemed to be an Active Participant only for the purpose of investment and distribution of the transferred assets. Employer Contributions shall
not be made for or allocated to the Eligible Employee, until the time he meets all of the requirements to become an Active Participant. 
 The Plan shall hold, administer, and distribute the transferred assets as a part of the Plan. The Plan shall maintain a separate account for the benefit of the Employee on whose behalf the Plan accepted
the transfer in order to reflect the value of the transferred assets. 
 A Participant’s section 411(d)(6) protected
benefits, as defined in Q&A-1 in section 1.411(d)-4 of the regulations, may not be eliminated by reason of transfer or any transaction amending or having the effect of amending a plan or plans to transfer benefits except as provided below.

 A Participant’s section 411(d)(6) protected benefits may be eliminated or reduced upon transfer between qualified
defined contribution plans if the conditions in Q&A-3(b)(1) in section 1.411(d)-4 of the regulations are met. The transfer must meet all of the other applicable qualification requirements. 

A Participant’s section 411(d)(6) protected benefits may be eliminated or reduced if a transfer is an elective transfer of certain
distributable benefits between qualified plans (both defined benefit and defined contribution) and the conditions in Q&A-3(c)(1) in section 1.411(d)-4 of the regulations are met. The rules applicable to distributions under the plan would apply
to the transfer, but the transfer would not be treated as a distribution for purposes of the minimum distribution requirements of Code Section 401(a)(9). Beginning January 1, 2002, if the Participant is eligible to receive an immediate
distribution of his entire nonforfeitable accrued benefit in a single sum distribution that would consist entirely of an eligible rollover distribution under Code Section 401(a)(31), such transfer will be accomplished as a direct rollover under
Code Section 401(a)(31). 

  

					
	 RESTATEMENT JUNE 1, 2012
	 	67	  	ARTICLE X (88899) -2

 SECTION 10.04—PROVISIONS RELATING TO THE INSURER AND OTHER PARTIES. 

The obligations of an Insurer shall be governed solely by the provisions of the Annuity Contract. The Insurer shall not be required to
perform any act not provided in or contrary to the provisions of the Annuity Contract. Each Annuity Contract when purchased shall comply with the Plan. See the CONSTRUCTION SECTION of this article. 

Any issuer or distributor of investment contracts or securities is governed solely by the terms of its policies, written investment
contract, prospectuses, security instruments, and any other written agreements entered into with the Trustee with regard to such investment contracts or securities. 
 Such Insurer, issuer or distributor is not a party to the Plan, nor bound in any way by the Plan provisions. Such parties shall not be required to look to the terms of this Plan, nor to determine whether
the Employer, the Plan Administrator, the Trustee, or the Named Fiduciary have the authority to act in any particular manner or to make any contract or agreement. 
 Until notice of any amendment or termination of this Plan or a change in Trustee has been received by the Insurer at its home office or an issuer or distributor at their principal address, they are and
shall be fully protected in assuming that the Plan has not been amended or terminated and in dealing with any party acting as Trustee according to the latest information which they have received at their home office or principal address. 

SECTION 10.05—EMPLOYMENT STATUS. 
 Nothing contained in this Plan gives an Employee the right to be retained in the Employer’s employ or to interfere with the Employer’s right to discharge any Employee. 

SECTION 10.06—RIGHTS TO PLAN ASSETS. 
 An Employee shall not have any right to or interest in any assets of the Plan upon termination of employment or otherwise except as specifically provided under this Plan, and then only to the extent of
the benefits payable to such Employee according to the Plan provisions. 
 Any final payment or distribution to a Participant or
his legal representative or to any Beneficiaries of such Participant under the Plan provisions shall be in full satisfaction of all claims against the Plan, the Named Fiduciary, the Plan Administrator, the Insurer, the Trustee, and the Employer
arising under or by virtue of the Plan. 
 SECTION 10.07—BENEFICIARY. 

Each Participant may name a Beneficiary to receive any death benefit that may arise out of his participation in the Plan. The Participant
may change his Beneficiary from time to time. Unless a qualified election has been made, for purposes of distributing any death benefits before the Participant’s Retirement Date, the Beneficiary of a Participant shall be the Participant’s
spouse. The Participant’s Beneficiary designation and any change of Beneficiary shall be subject to the provisions of the ELECTION PROCEDURES SECTION of Article VI. 
 It is the responsibility of the Participant to give written notice to the Plan Administrator of the name of the Beneficiary on a form furnished for that purpose. The Plan Administrator shall maintain
records of Beneficiary designations for Participants before their Retirement Dates. However, the Plan Administrator may delegate to another party the responsibility of maintaining records of Beneficiary designations. In that event,

  

					
	 RESTATEMENT JUNE 1, 2012
	 	68	  	ARTICLE X (88899) -2

 
the written designations made by Participants shall be filed with such other party. If a party other than the Insurer maintains the records of Beneficiary designations and a Participant dies
before his Retirement Date, such other party shall certify to the Insurer the Beneficiary designation on its records for the Participant. 
 If there is no Beneficiary named or surviving when a Participant dies, the Participant’s Beneficiary shall be the Participant’s surviving spouse, or where there is no surviving spouse, the
executor or administrator of the Participant’s estate. 
 SECTION 10.08—NONALIENATION OF BENEFITS. 

Benefits payable under the Plan are not subject to the claims of any creditor of any Participant or Beneficiary. A Participant or
Beneficiary does not have any rights to alienate, anticipate, commute, pledge, encumber, or assign such benefits, except in the case of a loan as provided in the LOANS TO PARTICIPANTS SECTION of Article V. The preceding sentences shall also apply to
the creation, assignment, or recognition of a right to any benefit payable with respect to a Participant according to a domestic relations order, unless such order is determined by the Plan Administrator to be a qualified domestic relations order,
as defined in Code Section 414(p), or any domestic relations order entered before January 1, 1985. The preceding sentences shall not apply to any offset of a Participant’s benefits provided under the Plan against an amount the
Participant is required to pay the Plan with respect to a judgment, order, or decree issued, or a settlement entered into, on or after August 5, 1997, which meets the requirements of Code Sections 401(a)(13)(C) or (D). 

SECTION 10.09—CONSTRUCTION. 
 The validity of the Plan or any of its provisions is determined under and construed according to Federal law and, to the extent permissible, according to the laws of the state in which the Employer has
its principal office. In case any provision of this Plan is held illegal or invalid for any reason, such determination shall not affect the remaining provisions of this Plan, and the Plan shall be construed and enforced as if the illegal or invalid
provision had never been included. 
 In the event of any conflict between the provisions of the Plan and the terms of any
Annuity Contract issued hereunder, the provisions of the Plan control. 
 SECTION 10.10—LEGAL ACTIONS. 

No person employed by the Employer; no Participant, former Participant, or their Beneficiaries; nor any other person having or claiming to
have an interest in the Plan is entitled to any notice of process. A final judgment entered in any such action or proceeding shall be binding and conclusive on all persons having or claiming to have an interest in the Plan. 

SECTION 10.11—SMALL AMOUNTS. 
 If the value of the Participant’s Vested Account does not exceed $5,000, the Participant’s entire Vested Account shall be distributed as of the earliest of his Retirement Date, the date he dies,
or the date he has a Severance from Employment for any other reason (the date the Employer provides notice to the record keeper of the Plan of such event, if later). For purposes of this section, if the Participant’s Vested Account is zero, the
Participant shall be deemed to have received a distribution of such Vested Account. This is a small amounts payment. 

  

					
	 RESTATEMENT JUNE 1, 2012
	 	69	  	ARTICLE X (88899) -2

 In the event a Participant has a Severance from Employment (for any reason other than death
or retirement) and does not elect to have a small amounts payment paid directly to an Eligible Retirement Plan specified by the Participant in a Direct Rollover or to receive the distribution directly and his Vested Account is greater than $1,000, a
mandatory distribution will be made according to the DIRECT ROLLOVERS SECTION of this article. If his Vested Account is $1,000 or less, the Participant’s entire Vested Account shall be paid directly to him. 

If a small amounts payment is made on or after the date the Participant dies, the small amounts payment shall be made to the
Participant’s Beneficiary. If a small amounts payment is made while the Participant is living, the small amounts payment shall be made to the Participant. 
 The small amounts payment is in full settlement of all benefits otherwise payable. 

No other small amounts payments shall be made. 
 SECTION 10.12—WORD USAGE. 
 The masculine gender, where used in this
Plan, shall include the feminine gender and the singular words, where used in this Plan, shall include the plural, unless the context indicates otherwise. 
 The words “in writing” and “written,” where used in this Plan, shall include any other forms, such as voice response or other electronic system, as permitted by any governmental agency
to which the Plan is subject. 
 SECTION 10.13—CHANGE IN SERVICE METHOD. 

 

	 	(a)	Change of Service Method Under This Plan. If this Plan is amended to change the method of crediting service from the elapsed time method to the hours method for
any purpose under this Plan, the Employee’s service shall be equal to the sum of (1), (2), and (3) below: 

  

	 	(1)	The number of whole years of service credited to the Employee under the Plan as of the date the change is effective. 

 

	 	(2)	One year of service for the computation period in which the change is effective if he is credited with the required number of Hours of Service. For that portion of the
computation period ending on the date of the change (for the first day of the computation period if the change is made on the first day of the computation period), the Employee will be credited with the greater of (i) his actual Hours of
Service or (ii) the number of Hours of Service that is equivalent to the fractional part of a year of elapsed time service credited as of the date of the change, if any. In determining the equivalent Hours of Service, the Employee shall be
credited with 190 Hours of Service for each month and any fractional part of a month in such fractional part of a year. The number of months and any fractional part of a month shall be determined by multiplying the fractional part of a year,
expressed as a decimal, by 12. For the remaining portion of the computation period (the period beginning on the second day of the computation period and ending on the last day of the computation period if the change is made on the first day of the
computation period), the Employee will be credited with his actual Hours of Service. 

  

	 	(3)	The Employee’s service determined under this Plan using the hours method after the end of the computation period in which the change in service method was
effective. 

  

					
	 RESTATEMENT JUNE 1, 2012
	 	70	  	ARTICLE X (88899) -2

	 	 	If this Plan is amended to change the method of crediting service from the hours method to the elapsed time method for any purpose under this Plan, the Employee’s
service shall be equal to the sum of (4), (5), and (6) below: 

  

	 	(4)	The number of whole years of service credited to the Employee under the Plan as of the beginning of the computation period in which the change in service method is
effective. 

  

	 	(5)	The greater of (i) the service that would be credited to the Employee for that entire computation period using the elapsed time method or (ii) the service
credited to him under the Plan as of the date the change is effective. 

  

	 	(6)	The Employee’s service determined under this Plan using the elapsed time method after the end of the applicable computation period in which the change in service
method was effective. 

  

	 	(b)	Transfers Between Plans with Different Service Methods. If an Employee has been a participant in another plan of the Employer that credited service under the
elapsed time method for any purpose that under this Plan is determined using the hours method, then the Employee’s service shall be equal to the sum of (1), (2), and (3) below: 

 

	 	(1)	The number of whole years of service credited to the Employee under the other plan as of the date he became an Eligible Employee under this Plan.

  

	 	(2)	One year of service for the applicable computation period in which he became an Eligible Employee if he is credited with the required number of Hours of Service. For
that portion of such computation period ending on the date he became an Eligible Employee (for the first day of such computation period if he became an Eligible Employee on the first day of such computation period), the Employee will be credited
with the greater of (i) his actual Hours of Service or (ii) the number of Hours of Service that is equivalent to the fractional part of a year of elapsed time service credited as of the date he became an Eligible Employee, if any. In
determining the equivalent Hours of Service, the Employee shall be credited with 190 Hours of Service for each month and any fractional part of a month in such fractional part of a year. The number of months and any fractional part of a month shall
be determined by multiplying the fractional part of a year, expressed as a decimal, by 12. For the remaining portion of such computation period (the period beginning on the second day of such computation period and ending on the last day of such
computation period if he became an Eligible Employee on the first day of such computation period), the Employee will be credited with his actual Hours of Service. 

 

	 	(3)	The Employee’s service determined under this Plan using the hours method after the end of the computation period in which he became an Eligible Employee.

 If an Employee has been a participant in another plan of the Employer that credited service under the hours
method for any purpose that under this Plan is determined using the elapsed time method, then the Employee’s service shall be equal to the sum of (4), (5), and (6) below: 

 

	 	(4)	The number of whole years of service credited to the Employee under the other plan as of the beginning of the computation period under that plan in which he became an
Eligible Employee under this Plan. 

  

					
	 RESTATEMENT JUNE 1, 2012
	 	71	  	ARTICLE X (88899) -2

	 	(5)	The greater of (i) the service that would be credited to the Employee for that entire computation period using the elapsed time method or (ii) the service
credited to him under the other plan as of the date he became an Eligible Employee under this Plan. 

  

	 	(6)	The Employee’s service determined under this Plan using the elapsed time method after the end of the applicable computation period under the other plan in which he
became an Eligible Employee. 

 If an Employee has been a participant in a Controlled Group member’s plan
that credited service under a different method than is used in this Plan, in order to determine entry and vesting, the provisions in (b) above shall apply as though the Controlled Group member’s plan was a plan of the Employer. 

Any modification of service contained in this Plan shall be applicable to the service determined pursuant to this section. 

SECTION 10.14—MILITARY SERVICE. 
 Notwithstanding any provision of this Plan to the contrary, the Plan shall provide contributions, benefits, and service credit with respect to Qualified Military Service in accordance with Code
Section 414(u). Loan repayments shall be suspended under this Plan as permitted under Code Section 414(u). 

Beginning January 1, 2007, a Participant who dies on or after January 1, 2007 while performing Qualified Military Service is
treated as having resumed and then terminated employment on account of death, in accordance with Code Section 401(a)(37) and any subsequent guidance. The survivors of such Participant are entitled to any additional benefits provided under the
Plan on account of death of the Participant. 

  

					
	 RESTATEMENT JUNE 1, 2012
	 	72	  	ARTICLE X (88899) -2

 ARTICLE XI 
 TOP-HEAVY PLAN REQUIREMENTS 
 SECTION 11.01—APPLICATION. 

The provisions of this article shall supersede all other provisions in the Plan to the contrary. The provisions of this article shall
apply for purposes of determining whether the Plan is a Top-heavy Plan for Plan Years beginning after December 31, 2001, and whether the Plan satisfies the minimum benefit requirements of Code Section 416(c) for such years. 

For the purpose of applying the Top-heavy Plan requirements of this article, all members of the Controlled Group shall be treated as one
Employer. The term Employer, as used in this article, shall be deemed to include all members of the Controlled Group, unless the term as used clearly indicates only the Employer is meant. 

The accrued benefit or account of a participant resulting from deductible employee contributions shall not be included for any purpose
under this article. 
 The contribution provisions of the MODIFICATION OF CONTRIBUTIONS SECTION of this article shall not apply
to any Employee who is included in a group of Employees covered by a collective bargaining agreement which the Secretary of Labor finds to be a collective bargaining agreement between employee representatives and one or more employers, including the
Employer, if there is evidence that retirement benefits were the subject of good faith bargaining between such representatives. For this purpose, the term “employee representatives” does not include any organization more than half of whose
members are employees who are owners, officers, or executives. 
 SECTION 11.02—DEFINITIONS. 

For purposes of this article the following terms are defined: 
 Aggregation Group means: 
  

	 	(a)	each of the Employer’s qualified plans in which a Key Employee is a participant during the Plan Year containing the Determination Date or any of the four preceding
Plan Years (regardless of whether the plans have terminated), 

  

	 	(b)	each of the Employer’s other qualified plans which allows the plan(s) described in (a) above to meet the nondiscrimination requirement of Code
Section 401(a)(4) or the minimum coverage requirement of Code Section 410, and 

  

	 	(c)	any of the Employer’s other qualified plans not included in (a) or (b) above which the Employer desires to include as part of the Aggregation Group. Such
a qualified plan shall be included only if the Aggregation Group would continue to satisfy the requirements of Code Sections 401(a)(4) and 410. 

 The plans in (a) and (b) above constitute the “required” Aggregation Group. The plans in (a), (b), and (c) above constitute the “permissive” Aggregation Group. 

  

					
	 RESTATEMENT JUNE 1, 2012
	 	73	  	ARTICLE XI (88899) -2

 Compensation means compensation as defined in the CONTRIBUTION LIMITATION SECTION of
Article III. 
 Determination Date means as to any plan, for any plan year subsequent to the first plan year, the last day
of the preceding plan year. For the first plan year of the plan, the Determination Date is the last day of that year. 
 Key
Employee means any Employee or former Employee (including any deceased Employee) who at any time during the Plan Year that includes the Determination Date is: 
  

	 	(a)	an officer of the Employer having Compensation for the Plan Year greater than $130,000 (as adjusted under Code Section 416(i)(1) for Plan Years beginning after
December 31, 2002), 

  

	 	(b)	a 5-percent owner of the Employer, or 

  

	 	(c)	a 1-percent owner of the Employer having Compensation for the Plan Year of more than $150,000. 

The determination of who is a Key Employee shall be made according to Code Section 416(i)(1) and the applicable regulations and other
guidance of general applicability issued thereunder. 
 Nonkey Employee means any Employee who is not a Key Employee.

 Top-heavy Plan means a plan that is top-heavy for any plan year. This Plan shall be top-heavy if any of the following
conditions exist: 
  

	 	(a)	The Top-heavy Ratio for this Plan exceeds 60 percent and this Plan is not part of any required Aggregation Group or permissive Aggregation Group.

  

	 	(b)	This Plan is a part of a required Aggregation Group, but not part of a permissive Aggregation Group, and the Top-heavy Ratio for the required Aggregation Group exceeds
60 percent. 

  

	 	(c)	This Plan is a part of a required Aggregation Group and part of a permissive Aggregation Group and the Top-heavy Ratio for the permissive Aggregation Group exceeds 60
percent. 

 Top-heavy Ratio means: 

 

	 	(a)	 If the Employer maintains one or more defined contribution plans (including any simplified employee pension plan) and the Employer has not maintained
any defined benefit plan which during the five-year period ending on the Determination Date(s) has or has had accrued benefits, the Top-heavy Ratio for this Plan alone or for the required or permissive Aggregation Group, as appropriate, is a
fraction, the numerator of which is the sum of the account balances of all Key Employees as of the Determination Date(s) (including any part of any account balance distributed in the one-year period ending on the Determination Date(s) and
distributions under a terminated plan which if it had not been terminated would have been required to be included in the Aggregation Group), and the denominator of which is the sum of all account balances (including any part of any account balance
distributed in the one-year period ending on the Determination Date(s) and distributions under a terminated plan which if it had not been terminated would have been required to be included in the Aggregation Group), both computed in accordance with
Code Section 416 and the regulations thereunder. In the case of a distribution made for a reason other than Severance from Employment, death, or disability, this provision shall be applied by

  

					
	 RESTATEMENT JUNE 1, 2012
	 	74	  	ARTICLE XI (88899) -2

	 	
substituting “five-year period” for “one-year period.” Both the numerator and denominator of the Top-heavy Ratio are increased to reflect any contribution not actually made as
of the Determination Date, but which is required to be taken into account on that date under Code Section 416 and the regulations thereunder. 

  

	 	(b)	If the Employer maintains one or more defined contribution plans (including any simplified employee pension plan) and the Employer maintains or has maintained one or
more defined benefit plans which during the five-year period ending on the Determination Date(s) has or has had accrued benefits, the Top-heavy Ratio for any required or permissive Aggregation Group, as appropriate, is a fraction, the numerator of
which is the sum of the account balances under the aggregated defined contribution plan or plans of all Key Employees, determined in accordance with (a) above, and the present value of accrued benefits under the aggregated defined benefit plan
or plans for all Key Employees as of the Determination Date(s), and the denominator of which is the sum of the account balances under the aggregated defined contribution plan or plans for all participants, determined in accordance with
(a) above, and the present value of accrued benefits under the defined benefit plan or plans for all participants as of the Determination Date(s), all determined in accordance with Code Section 416 and the regulations thereunder. The
accrued benefits under a defined benefit plan in both the numerator and denominator of the Top-heavy Ratio are increased for any distribution of an accrued benefit made in the one-year period ending on the Determination Date (and distributions under
a terminated plan which if it had not been terminated would have been required to be included in the Aggregation Group). In the case of a distribution made for a reason other than Severance from Employment, death, or disability, this provision shall
be applied by substituting “five-year period” for “one-year period.” 

  

	 	(c)	For purposes of (a) and (b) above, the value of account balances and the present value of accrued benefits will be determined as of the most recent Valuation
Date that falls within or ends with the 12-month period ending on the Determination Date, except as provided in Code Section 416 and the regulations thereunder for the first and second plan years of a defined benefit plan. The account balances
and accrued benefits of a participant (i) who is not a Key Employee but who was a Key Employee in a prior year or (ii) who has not been credited with at least one hour of service with any employer maintaining the plan at any time during
the one-year period ending on the Determination Date will be disregarded. The calculation of the Top-heavy Ratio and the extent to which distributions, rollovers, and transfers are taken into account will be made in accordance with Code
Section 416 and the regulations thereunder. Deductible employee contributions will not be taken into account for purposes of computing the Top-heavy Ratio. When aggregating plans, the value of account balances and accrued benefits will be
calculated with reference to the Determination Dates that fall within the same calendar year. 

 The accrued
benefit of a participant other than a Key Employee shall be determined under (i) the method, if any, that uniformly applies for accrual purposes under all defined benefit plans maintained by the Employer, or (ii) if there is no such
method, as if such benefit accrued not more rapidly than the slowest accrual rate permitted under the fractional rule of Code Section 411(b)(1)(C). 
 SECTION 11.03—MODIFICATION OF CONTRIBUTIONS. 
 During any Plan Year in
which this Plan is a Top-heavy Plan, the Employer shall make a minimum contribution as of the last day of the Plan Year for each Nonkey Employee who is an Employee on the last day of the Plan Year and who was an Active Participant at any time during
the Plan Year. A Nonkey Employee is not required to have a minimum number of Hours of Service or minimum amount of Compensation in order to be entitled to this minimum. A Nonkey Employee who fails to be an Active Participant merely because his
Compensation is less than a stated amount or merely because of a failure to make mandatory participant contributions or, in the case of a cash or deferred arrangement, elective contributions shall be treated as if he were an Active Participant. The
minimum is the lesser of (a) or (b) below: 
  

	 	(a)	3 percent of such person’s Compensation for such Plan Year. 

  

					
	 RESTATEMENT JUNE 1, 2012
	 	75	  	ARTICLE XI (88899) -2

	 	(b)	The “highest percentage” of Compensation for such Plan Year at which the Employer’s Contributions are made for or allocated to any Key Employee. The
highest percentage shall be determined by dividing the Employer Contributions made for or allocated to each Key Employee during the Plan Year by the amount of his Compensation for such Plan Year, and selecting the greatest quotient (expressed as a
percentage). To determine the highest percentage, all of the Employer’s defined contribution plans within the Aggregation Group shall be treated as one plan. The minimum shall be the amount in (a) above if this Plan and a defined benefit
plan of the Employer are required to be included in the Aggregation Group and this Plan enables the defined benefit plan to meet the requirements of Code Section 401(a)(4) or 410. 

For purposes of (a) and (b) above, Compensation shall be limited by Code Section 401(a)(17). 

If the Employer’s contributions and allocations otherwise required under the defined contribution plan(s) are at least equal to the
minimum above, no additional contribution shall be required. If the Employer’s total contributions and allocations are less than the minimum above, the Employer shall contribute the difference for the Plan Year. 

The minimum contribution applies to all of the Employer’s defined contribution plans in the aggregate which are Top-heavy Plans. A
minimum contribution under a profit sharing plan shall be made without regard to whether or not the Employer has profits. 
 If
a person who is otherwise entitled to a minimum contribution above is also covered under another defined contribution plan of the Employer’s which is a Top-heavy Plan during that same Plan Year, any additional contribution required to meet the
minimum above shall be provided in this Plan. 
 If a person who is otherwise entitled to a minimum contribution above is also
covered under a defined benefit plan of the Employer’s that is a Top-heavy Plan during that same Plan Year, the minimum benefits for him shall not be duplicated. The defined benefit plan shall provide an annual benefit for him on, or adjusted
to, a straight life basis equal to the lesser of: 
  

	 	(c)	2 percent of his average compensation multiplied by his years of service, or 

 

	 	(d)	20 percent of his average compensation. 

Average compensation and years of service shall have the meaning set forth in such defined benefit plan for this purpose. 

For purposes of this section, any employer contribution made according to a salary reduction or similar arrangement shall not apply in
determining if the minimum contribution requirement has been met, but shall apply in determining the minimum contribution required. Matching contributions, as defined in Code Section 401(m), shall be taken into account for purposes of
satisfying the minimum contribution requirements of Code Section 416(c)(2) and the Plan. Matching contributions that are used to satisfy the minimum contribution requirements shall be treated as matching contributions for purposes of the actual
contribution percentage test and other requirements of Code Section 401(m). 
 The requirements of this section shall be
met without regard to any Social Security contribution. 

  

					
	 RESTATEMENT JUNE 1, 2012
	 	76	  	ARTICLE XI (88899) -2

 By executing this Plan, the Primary Employer acknowledges having counseled to the extent
necessary with selected legal and tax advisors regarding the Plan’s legal and tax implications. 
 Executed this 30th day
of May, 2012. 
  

			
	CASS INFORMATION SYSTEMS, INC.
		
	By:	 	/s/ P. Stephen Appelbaum
		
		 	Executive Vice President/CFO
		 	Title

  

					
	 RESTATEMENT JUNE 1, 2012
	 	77	  	PLAN EXECUTION (88899) -2
		 		  	Subtype 110217

 PROTECTED BENEFIT ADDENDUM 

The following benefit(s) were included in the Profitlab, Inc. 401(k)/Profit Sharing Plan and have been amended as of November 1,
2004. According to Section 411(d)(6) of the Internal Revenue Code, the benefit(s) described below shall be available to Plan Participants who were former participants of the Profitlab, Inc. 401(k)/Profit Sharing Plan and who had an account
balance on that date (or the date of adoption, if later). The protected benefit(s) only apply to Participants or to the value of their accounts as of that date (adjusted for earnings or losses since that date) as described below. 

 

					
	 Protected Benefit
	  	 Description
	  	 Operation

	In-service Withdrawals	  	A Participant, who has attained age 59 1/2 or older, may withdraw any part of his Vested Account at any time.	  	Participants who were participants as of November 1, 2004, may elect to receive the value of their vested account (as of November 1, 2004) when they satisfy the requirement for the
prior in-service withdrawal.
			
	Definition of Totally and Permanently Disabled	  	The inability to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment that can be expected to result in death or can be
expected to last for a continuous period of not less than 12 months. The disability shall be determined by a licensed physician chosen by the administrator. However, the administrator may rely upon such determination of disability if the condition
constitutes total disability under the Federal Social Security Act.	  	 Participants who were disabled according to the plan’s definition prior to November 1, 2004, will continue to be considered
disabled under the amended definition.
  
 Participants who were not disabled
as of November 1, 2004, must meet the definition in the plan as of the date of their disability.

 The following benefit(s) were included in this Plan and have been amended as of January 1, 2008.
According to Section 411(d)(6) of the Internal Revenue Code, the benefit(s) described below shall be available to Plan Participants who had an account balance on that date (or the date of adoption, if later). The protected benefit(s) only apply
to Participants or to the value of their accounts as of that date (adjusted for earnings or losses since that date) as described below. 
  

					
	 Protected Benefit
	  	 Description
	  	 Operation

	Normal Retirement Age	  	Age 65.	  	Participants who were Participants as of January 1, 2008, may elect to receive the value of their account as of the date of the change when they reach age 65.
			
		  		  	Participants who were age 65 or older as of January 1, 2008, will be 100% vested in their account as of January 1, 2008, and in all future contributions.

  

					
	 RESTATEMENT JUNE 1, 2012
	 	78	  	ADDENDUM (88899) -2

 The following benefit(s) were included in this Plan and have been removed as of June 1,
2012. According to Section 411(d)(6) of the Internal Revenue Code, the benefit(s) described below shall be available to Plan Participants who had an account balance on that date (or the date of adoption, if later). The protected benefit(s) only
apply to Participants or to the value of their accounts as of that date (adjusted for earnings or losses since that date) as described below. 
  

					
	 Protected Benefit
	  	 Description
	  	 Operation

	In-service Withdrawals	  	A Participant may withdraw any part of his Vested Account resulting from Rollover Contributions. A Participant may make only two such withdrawals in any 12-month period.	  	Participants who were participants as of June 1, 2012, may elect to receive the value of their vested account (as of June 1, 2012) when they satisfy the requirement for the prior
in-service withdrawal.

  

					
	 RESTATEMENT JUNE 1, 2012
	 	79	  	ADDENDUM (88899) -2

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