Document:

EX-4.1

 Exhibit 4.1 

Execution Version 
  

 
 HLF FINANCING SaRL, LLC 

HERBALIFE INTERNATIONAL, INC. 
 AND
EACH OF THE GUARANTORS PARTY HERETO 
 7.250% SENIOR NOTES DUE 2026 

INDENTURE 
 Dated as of
August 16, 2018 
  
  

MUFG UNION BANK, N.A. 
 Trustee

  
  

 TABLE OF CONTENTS 
  

							
	 	 	 	  	Page	 
	
	ARTICLE 1	  

	DEFINITIONS	  

			
	 Section 1.01
	 	 Definitions
	  	 	1	 
	 Section 1.02
	 	 Other Definitions
	  	 	35	 
	 Section 1.03
	 	 Rules of Construction
	  	 	35	 
	
	ARTICLE 2	  

	THE NOTES	  

			
	 Section 2.01
	 	 Form and Dating
	  	 	36	 
	 Section 2.02
	 	 Execution and Authentication
	  	 	36	 
	 Section 2.03
	 	 Registrar and Paying Agent
	  	 	37	 
	 Section 2.04
	 	 Paying Agent to Hold Money in Trust
	  	 	37	 
	 Section 2.05
	 	 Holder Lists
	  	 	38	 
	 Section 2.06
	 	 Transfer and Exchange
	  	 	38	 
	 Section 2.07
	 	 Replacement Notes
	  	 	49	 
	 Section 2.08
	 	 Outstanding Notes
	  	 	49	 
	 Section 2.09
	 	 Treasury Notes
	  	 	49	 
	 Section 2.10
	 	 Temporary Notes
	  	 	49	 
	 Section 2.11
	 	 Cancellation
	  	 	50	 
	 Section 2.12
	 	 Defaulted Interest
	  	 	50	 
	 Section 2.13
	 	 CUSIP Numbers
	  	 	50	 
	
	ARTICLE 3	  

	REDEMPTION AND PREPAYMENT	  

			
	 Section 3.01
	 	 Notices to Trustee
	  	 	50	 
	 Section 3.02
	 	 Selection of Notes to Be Redeemed or Purchased
	  	 	51	 
	 Section 3.03
	 	 Notice of Redemption
	  	 	51	 
	 Section 3.04
	 	 Effect of Notice of Redemption
	  	 	52	 
	 Section 3.05
	 	 Deposit of Redemption or Purchase Price
	  	 	52	 
	 Section 3.06
	 	 Notes Redeemed or Purchased in Part
	  	 	53	 
	 Section 3.07
	 	 Optional Redemption
	  	 	53	 
	 Section 3.08
	 	 Mandatory Redemption
	  	 	54	 
	 Section 3.09
	 	 Offer to Repurchase by Application of Excess Proceeds of Asset Sales
	  	 	54	 
	
	ARTICLE 4	  

	COVENANTS	  

			
	 Section 4.01
	 	 Payment of Notes
	  	 	56	 
	 Section 4.02
	 	 Maintenance of Office or Agency
	  	 	56	 
	 Section 4.03
	 	 Reports
	  	 	56	 
	 Section 4.04
	 	 Compliance Certificate
	  	 	58	 
	 Section 4.05
	 	 Taxes
	  	 	59	 
	 Section 4.06
	 	 Stay, Extension and Usury Laws
	  	 	59	 
	 Section 4.07
	 	 Restricted Payments
	  	 	59	 
	 Section 4.08
	 	 Dividend and Other Payment Restrictions Affecting Subsidiaries
	  	 	64	 
	 Section 4.09
	 	 Incurrence of Indebtedness and Issuance of Preferred Stock
	  	 	66	 
	 Section 4.10
	 	 Asset Sales
	  	 	71	 
	 Section 4.11
	 	 Transactions with Affiliates
	  	 	73	 

							
	 	 	 	  	Page	 
	 Section 4.12
	 	 Liens
	  	 	75	 
	 Section 4.13
	 	 Corporate Existence
	  	 	76	 
	 Section 4.14
	 	 Offer to Repurchase Upon Change of Control
	  	 	76	 
	 Section 4.15
	 	 Limited Condition Transactions
	  	 	77	 
	 Section 4.16
	 	 Additional Note Guarantees
	  	 	78	 
	 Section 4.17
	 	 Designation of Restricted and Unrestricted Subsidiaries
	  	 	78	 
	 Section 4.18
	 	 Changes in Covenants when Notes are Rated Investment Grade
	  	 	79	 
	
	ARTICLE 5	  

	SUCCESSORS	  

			
	 Section 5.01
	 	 Merger, Consolidation or Sale of Assets
	  	 	80	 
	 Section 5.02
	 	 Successor Corporation Substituted
	  	 	82	 
	
	ARTICLE 6	  

	DEFAULTS AND REMEDIES	  

			
	 Section 6.01
	 	 Events of Default
	  	 	83	 
	 Section 6.02
	 	 Acceleration
	  	 	85	 
	 Section 6.03
	 	 Other Remedies
	  	 	85	 
	 Section 6.04
	 	 Waiver of Past Defaults
	  	 	85	 
	 Section 6.05
	 	 Control by Majority
	  	 	86	 
	 Section 6.06
	 	 Limitation on Suits
	  	 	86	 
	 Section 6.07
	 	 Rights of Holders of Notes to Receive Payment
	  	 	86	 
	 Section 6.08
	 	 Collection Suit by Trustee
	  	 	86	 
	 Section 6.09
	 	 Trustee May File Proofs of Claim
	  	 	87	 
	 Section 6.10
	 	 Priorities
	  	 	87	 
	 Section 6.11
	 	 Undertaking for Costs
	  	 	87	 
	
	ARTICLE 7	  

	TRUSTEE	  

			
	 Section 7.01
	 	 Duties of Trustee
	  	 	88	 
	 Section 7.02
	 	 Rights of Trustee
	  	 	89	 
	 Section 7.03
	 	 Individual Rights of Trustee
	  	 	90	 
	 Section 7.04
	 	 Trustee’s Disclaimer
	  	 	90	 
	 Section 7.05
	 	 Notice of Defaults
	  	 	91	 
	 Section 7.06
	 	 Compensation and Indemnity
	  	 	91	 
	 Section 7.07
	 	 Replacement of Trustee
	  	 	92	 
	 Section 7.08
	 	 Successor Trustee by Merger, etc.
	  	 	93	 
	 Section 7.09
	 	 Eligibility; Disqualification
	  	 	93	 
	 Section 7.10
	 	 Statements
	  	 	93	 
	
	ARTICLE 8	  

	LEGAL DEFEASANCE AND COVENANT DEFEASANCE	  

			
	 Section 8.01
	 	 Option to Effect Legal Defeasance or Covenant Defeasance
	  	 	93	 
	 Section 8.02
	 	 Legal Defeasance and Discharge
	  	 	93	 
	 Section 8.03
	 	 Covenant Defeasance
	  	 	94	 
	 Section 8.04
	 	 Conditions to Legal or Covenant Defeasance
	  	 	94	 
	 Section 8.05
	 	 Deposited Money and U.S. Government Obligations to be Held in Trust; Other Miscellaneous Provisions
	  	 	95	 
	 Section 8.06
	 	 Repayment to Issuers
	  	 	96	 
	 Section 8.07
	 	 Reinstatement
	  	 	96	 

  
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	 	 	 	  	Page	 
	
	ARTICLE 9	  

	AMENDMENT, SUPPLEMENT AND WAIVER	  

			
	 Section 9.01
	 	 Without Consent of Holders of Notes
	  	 	96	 
	 Section 9.02
	 	 With Consent of Holders of Notes
	  	 	97	 
	 Section 9.03
	 	 Revocation and Effect of Consents
	  	 	99	 
	 Section 9.04
	 	 Notation on or Exchange of Notes
	  	 	99	 
	 Section 9.05
	 	 Trustee to Sign Amendments, etc.
	  	 	99	 
	
	ARTICLE 10	  

	NOTE GUARANTEES	  

			
	 Section 10.01
	 	 Guarantee
	  	 	100	 
	 Section 10.02
	 	 Limitation on Guarantor Liability
	  	 	101	 
	 Section 10.03
	 	 Execution and Delivery of Note Guarantee
	  	 	101	 
	 Section 10.04
	 	 Releases
	  	 	101	 
	
	ARTICLE 11	  

	SATISFACTION AND DISCHARGE	  

			
	 Section 11.01
	 	 Satisfaction and Discharge
	  	 	103	 
	 Section 11.02
	 	 Application of Trust Money
	  	 	104	 
	
	ARTICLE 12	  

	MISCELLANEOUS	  

			
	 Section 12.01
	 	 [Reserved]
	  	 	104	 
	 Section 12.02
	 	 Notices
	  	 	104	 
	 Section 12.03
	 	 Communication by Holders of Notes with Other Holders of Notes
	  	 	106	 
	 Section 12.04
	 	 Certificate and Opinion as to Conditions Precedent
	  	 	106	 
	 Section 12.05
	 	 Statements Required in Certificate or Opinion
	  	 	106	 
	 Section 12.06
	 	 Rules by Trustee and Agents
	  	 	106	 
	 Section 12.07
	 	 No Personal Liability of Directors, Officers, Employees and Stockholders
	  	 	107	 
	 Section 12.08
	 	 Governing Law; Waiver of Jury Trial
	  	 	107	 
	 Section 12.09
	 	 No Adverse Interpretation of Other Agreements
	  	 	107	 
	 Section 12.10
	 	 Successors
	  	 	107	 
	 Section 12.11
	 	 Severability
	  	 	107	 
	 Section 12.12
	 	 Counterpart Originals
	  	 	107	 
	 Section 12.13
	 	 Table of Contents, Headings, etc.
	  	 	108	 
	 Section 12.14
	 	 U.S.A Patriot Act
	  	 	108	 

 EXHIBITS 
  

			
	 Exhibit A    
	  	 FORM OF NOTE

	 Exhibit B
	  	 FORM OF CERTIFICATE OF TRANSFER

	 Exhibit C
	  	 FORM OF CERTIFICATE OF EXCHANGE

	 Exhibit D
	  	 FORM OF CERTIFICATE OF ACQUIRING INSTITUTIONAL ACCREDITED INVESTOR

	 Exhibit E
	  	 FORM OF NOTATION OF GUARANTEE

	 Exhibit F
	  	 FORM OF SUPPLEMENTAL INDENTURE

  

  
 iii 

 INDENTURE dated as of August 16, 2018 among HLF Financing SaRL, LLC, a
Delaware limited liability company and Herbalife International, Inc., a Nevada corporation, each a subsidiary of Herbalife Nutrition Ltd., a Cayman Islands exempted company incorporated with limited liability, the Guarantors and MUFG Union Bank,
N.A., a national banking association, as trustee. 
 The Issuers, the Guarantors and the Trustee agree as follows for the
benefit of each other and for the equal and ratable benefit of the Holders (as defined) of the 7.250% Senior Notes due 2026 (the “Notes”): 

ARTICLE 1 
 DEFINITIONS AND
INCORPORATION 
 BY REFERENCE 

Section 1.01       Definitions. 

“2.00% Notes” means the Company’s 2.00% Convertible Senior Notes due 2019 outstanding on the Issue Date. 

“2.625% Notes” means the Company’s 2.625% Convertible Senior Notes due 2024 outstanding on the Issue Date. 

“144A Global Note” means a Global Note substantially in the form of Exhibit A hereto bearing the Global Note Legend and the
Private Placement Legend and deposited with or on behalf of, and registered in the name of, the Depositary or its nominee that will be issued in a denomination equal to the outstanding principal amount of the Notes sold in reliance on Rule 144A.

 “Acquired Debt” means, with respect to any specified Person: 

(1) Indebtedness of any other Person existing at the time such other Person is merged with or into or became a Subsidiary of
such specified Person, whether or not such Indebtedness is incurred in connection with, or in contemplation of, such other Person merging with or into, or becoming a Subsidiary of, such specified Person; and 

(2) Indebtedness secured by a Lien encumbering any asset acquired by such specified Person; 

provided, that Indebtedness of such other Person that is redeemed, defeased, retired or otherwise repaid at the time, or immediately upon consummation,
of the transaction by which such other Person is merged with or into or became a Restricted Subsidiary of such Person will not be Acquired Debt. 

“Additional Notes” means additional Notes (other than the Initial Notes), if any, issued under this Indenture after the Issue
Date, and forming a single class of securities with the Initial Notes. 
 “Affiliate” of any specified Person means any
other Person directly or indirectly controlling or controlled by or under direct or indirect common control with such specified Person. For purposes of this definition, “control,” as used with respect to any Person, shall mean the
possession, directly or indirectly, of the power to direct or cause the direction of the management or policies of such Person, whether through the ownership of voting securities, by agreement or otherwise. For purposes of this definition, the terms
“controlling,” “controlled by” and “under common control with” shall have correlative meanings. 

“Agent” means any Custodian, Registrar, co-registrar, Paying Agent or additional
paying agent. 

  
 1 

 “Applicable Premium” means, with respect to any Note on any redemption
date, the greater of: 
 (1) 1.0% of the principal amount of such Note; or 

(2) the excess of: 

(i) the present value at such redemption date of (A) the redemption price of such Note at August 15, 2021 (such
redemption price being set forth in the table under Section 3.07 (excluding accrued and unpaid interest)) plus (B) all required interest payments due on such Note through August 15, 2021 (excluding accrued but unpaid interest to the
redemption date), computed using a discount rate equal to the Treasury Rate as of such redemption date plus 50 basis points; over 

(ii) the outstanding principal amount of such Note. 

“Applicable Procedures” means, with respect to any payment, tender, redemption, transfer or exchange of or for beneficial
interests in any Global Note, the rules and procedures of the Depositary, Euroclear and Clearstream that apply to such payment, tender, redemption, transfer or exchange. 

“Asset Sale” means: 

(1) the sale, lease, conveyance or other disposition of any assets or rights; provided that the sale, lease, conveyance
or other disposition of all or substantially all of the assets of the Company and its Restricted Subsidiaries taken as a whole will be governed by Section 4.14 and/or Section 5.01 and not by Section 4.10; and 

(2) the issuance or sale of Equity Interests by any of the Company’s Restricted Subsidiaries or the sale by the Company
or any of the Company’s Restricted Subsidiaries of Equity Interests in any of the Company’s Restricted Subsidiaries. 

Notwithstanding the preceding, the following items shall not be deemed to be Asset Sales: 

(1) any single transaction or series of related transactions that involves assets (including, if applicable, the Equity
Interests of a Restricted Subsidiary) having an aggregate fair market value of less than the greater of (i) $100.0 million and (ii) 4.0% of Consolidated Total Assets at the time of such transaction; 

(2) a transfer of assets or rights between or among the Company and its Restricted Subsidiaries; 

(3) sales of inventory and other assets held for sale in the ordinary course of business and sales of accounts receivable in
connection with the collection or compromise thereof in the ordinary course of business; 
 (4) an issuance of Equity
Interests by a Restricted Subsidiary to the Company or to another Restricted Subsidiary; 
 (5) any Permitted Investment or
any Restricted Payment, in each case, that is permitted by Section 4.07; 
 (6) a disposition of products, services,
equipment, inventory or other assets in the ordinary course of business or a disposition of damaged or obsolete equipment or surplus or other 

  
 2 

 
property that is no longer useful in the conduct of the business of the Company and its Restricted Subsidiaries and that is disposed of in the ordinary course of business; 

(7) the grant of Liens (or foreclosure thereon, or the enforcement with respect thereto, including by deed or assignment in
lieu of foreclosure) permitted by Section 4.12; 
 (8) the sale or transfer of Receivables Program Assets or rights
therein in connection with a Qualified Receivables Transaction; 
 (9) the surrender or waiver of contractual rights or the
settlement, release or surrender of contract, tort or other litigation claims; 
 (10) the sale or other disposition of cash
or Cash Equivalents or investment grade securities; 
 (11) grants of licenses or sublicenses of intellectual property of
the Company or any of its Restricted Subsidiaries to the extent not materially interfering with the business of the Company and its Restricted Subsidiaries; 

(12) any sale or transfer of property to the extent that (i) such property is exchanged for credit against the purchase
price of similar replacement property, (ii) the proceeds of such sale or transfer are promptly applied to the purchase price of such replacement property or (iii) such property is exchanged for like-kind property (without regard to any
boot thereon) pursuant to Section 1031 of the Code that are used or useful in a Permitted Business; 
 (13) the lease,
assignment or sublease of any real or personal property in the ordinary course of business; 
 (14) the abandonment of
intellectual property rights in the ordinary course of business, which in the reasonable good faith determination of the Company or any of its Restricted Subsidiaries are not material to the conduct of the business of the Company and its Restricted
Subsidiaries taken as a whole; 
 (15) condemnations, appropriations, foreclosures or any similar action (including by deed
in lieu of condemnation) on assets; 
 (16) any issuance or sale of Equity Interests in, or Indebtedness or other securities
of, an Unrestricted Subsidiary; 
 (17) any financing transaction with respect to real property constructed, acquired,
replaced, repaired or improved (including any reconstruction, refurbishment, renovation and/or development of real property) by the Company or any Restricted Subsidiary after the Issue Date, including any Sale and Leaseback Transaction; 

(18) sales, transfers and other dispositions of Investments in joint ventures to the extent required by customary buy/sell
arrangements between the joint venture parties as set forth in joint venture agreements and similar binding arrangements; 

(19) any liquidation or dissolution of a Restricted Subsidiary, provided that such Restricted Subsidiary’s direct parent
is also either the Company or a Restricted Subsidiary of the Company and immediately becomes the owner of such Restricted Subsidiary’s assets; 

  
 3 

 (20) the partial or total unwinding of any agreement governing any Hedging
Obligations or any cash management services or other bank products; 
 (21) any discounting or otherwise compromising for
less than the face value thereof any notes or accounts receivable in order to resolve disputes that occur in the ordinary course of business, 

(22) any sale or disposal by the Company or any Restricted Subsidiary of shares of Capital Stock of any of its Subsidiaries in
order to qualify members of the governing body of the Subsidiary if and to the extent required by applicable law; 
 (23)
any disposition of Capital Stock of a Restricted Subsidiary pursuant to an agreement or other obligation with or to a Person (other than the Company or a Restricted Subsidiary) from whom such Restricted Subsidiary was acquired, or from whom such
Restricted Subsidiary acquired its business and assets (having been newly formed in connection with such acquisition), made as part of such acquisition and in each case comprising all or a portion of the consideration in respect of such sale or
acquisition; 
 (24) any disposition by HBL Swiss Financing GmbH, HBL Luxembourg Holdings S.à r.l., WH Luxembourg
Holdings S.à R.L., Herbalife International Luxembourg S.à R.L., and/or WH Intermediate Holdings LTD (and their respective successors) of margin stock consisting of equity interests of the Company; and 

(25) any lending or other disposition of samples, including time-limited evaluation software, provided to customers or
prospective customers. 
 “Bankruptcy Law” means Title 11, U.S. Code or any similar federal or state law for the relief of
debtors. 
 “Beneficial Owner” has the meaning assigned to such term in Rule 13d-3
and Rule 13d-5 under the Exchange Act, except that in calculating the beneficial ownership of any particular “person” (as such term is used in Section 13(d)(3) of the Exchange Act), such
“person” shall be deemed to have beneficial ownership of all securities that such “person” has the right to acquire, whether such right is currently exercisable or is exercisable only upon the occurrence of a subsequent
condition. 
 “Board of Directors” means: 

(1) with respect to a corporation or company, the board of directors of the corporation or company or any committee thereof
duly authorized to act on behalf of such board; 
 (2) with respect to a partnership, the board of directors of the general
partner of the partnership; 
 (3) with respect to a limited liability company, the managing member or members or any
controlling committee of managing members, managers or the board of directors thereof; 
 (4) with respect to any Person
organized under the laws of a jurisdiction other than the United States, any State thereof or the District of Columbia, the foreign equivalent of any of the foregoing; and 

  
 4 

 (5) with respect to any other Person, the board or committee of such Person
serving a similar function. 
 “Board Resolution” means, with respect to any Person, a copy of a resolution certified by
the Secretary or an Assistant Secretary of such Person to have been duly adopted by the Board of Directors of such Person and to be in full force and effect on the date of such certification, and delivered to the Trustee. 

“Business Day” means a day other than a Saturday, Sunday or other day on which the Trustee or banking institutions in New
York are authorized or required by law to close. 
 “Capital Lease Obligation” means, with respect to any Person, the
obligations of such Person to pay rent or other amounts under any lease of (or other arrangement conveying the right to use) real or personal property, or a combination thereof, which obligations are required to be classified and accounted for as
capital leases on a balance sheet of such Person under GAAP; and the amount of such obligations at any time shall be the capitalized amount thereof at such time determined in accordance with GAAP. 

“Capital Stock” means any and all shares, interests, participations or other equivalents (however designated)
of capital stock of, or shares in the share capital of, a corporation or exempted company, any and all equivalent ownership interests in a Person (other than a corporation) and any and all warrants, rights or options to purchase any of the
foregoing, including convertible securities, but excluding debt securities convertible or exchangeable into any of the foregoing and/or into cash based on the value of the foregoing (including the 2.00% Notes and the 2.625% Notes). 

“Cash Equivalents” means: 

(1) United States dollars; 

(2) marketable direct Obligations issued by, or unconditionally guaranteed by, the United States government or issued by any
agency thereof and backed by the full faith and credit of the United States, in each case maturing within one year from the date of acquisition; 

(3) certificates of deposit, time deposits, Eurodollar time deposits or overnight bank deposits having maturities of one year
or less from the date of acquisition issued by any commercial bank organized under the laws of the United States or any state thereof having combined capital and surplus of not less than $500,000,000 and a Thomson Bank Watch Rating of “B”
or better; 
 (4) fully collateralized repurchase obligations for underlying securities of the types described in clauses
(2) and (3) above or clause (6) below; 
 (5) commercial paper of an issuer rated at least A-1 by S&P or P-1 by Moody’s, or carrying an equivalent rating by a nationally recognized rating agency, if both of the two named rating agencies cease publishing
ratings of commercial paper issuers generally, and maturing within one year from the date of acquisition; 
 (6) marketable
short-term money market and similar highly liquid funds having a rating of at least P-2 or A-2 from either Moody’s or S&P, respectively (or, if at any time
neither Moody’s nor S&P shall be rating such obligations, an equivalent rating from another nationally recognized statistical rating agency); 

  
 5 

 (7) repurchase obligations of any commercial bank satisfying the
requirements of clause (3) of this definition, having a term of not more than 7 days, with respect to securities of the type described in clauses (2), (3) and (6) of this definition; 

(8) securities with maturities of one year or less from the date of acquisition issued or fully Guaranteed by any state,
commonwealth or territory of the United States, by any political subdivision or taxing authority of any such state, commonwealth or territory, the securities of which state, commonwealth, territory, political subdivision or taxing authority (as the
case may be) are rated at least A by S&P or A by Moody’s; 
 (9) money market mutual or similar funds that invest
substantially all of their assets in securities satisfying the requirements of clauses (1) through (8) of this definition; and 

(10) in the case of Investments by any Foreign Subsidiary that is a Restricted Subsidiary, (i) Investments of the type
and maturity described in clauses (1) through (9) above of foreign obligors, which Investments or obligors (or the parents of such obligors) have ratings described in such clauses and (ii) other short-term investments utilized by
Foreign Subsidiaries that are Restricted Subsidiaries in accordance with normal investment practices for cash management in investments analogous to the foregoing investments in clauses (1) through (9) and in this paragraph. 

“CFC” means any “controlled foreign corporation” within the meaning of Section 957 of the Code that is
directly or indirectly owned by any member of the Company Group that is a “United States person” within the meaning of Section 7701(a)(30) of the Code. 

“CFC Debt” means any intercompany loans, indebtedness or receivables owed (or treated as owed for U.S. federal income tax
purposes) by one or more CFCs. 
 “Change of Control” means the occurrence of any of the following: 

(1) the sale, lease, transfer, conveyance or other disposition (other than by way of merger or consolidation), in one or a
series of related transactions, of all or substantially all of the assets of the Company and its Restricted Subsidiaries, taken as a whole, to any “person” (as such term is used in Section 13(d)(3) of the Exchange Act), other than a
Permitted Holder; 
 (2) the consummation of any transaction (including, without limitation, any merger or consolidation)
the result of which is that any “person” (as defined above) other than a Permitted Holder becomes the Beneficial Owner, directly or indirectly, of 50% or more of the Voting Stock of the Company, measured by voting power rather than number
of shares; provided, however, that an entity that conducts no other material activities other than holding Equity Interests in the Company or any direct or indirect parent of the Company and such other activities consistent in scope
with the activities of the Company immediately prior to such transaction (any such entity, a “Parent Entity”) will not itself be considered a “person” for purposes of this clause (2); or 

(3) the Company shall cease to own and control, of record and beneficially, directly or indirectly, 100% of each class of
outstanding Capital Stock of the Issuers. 
 “Clearstream” means Clearstream Banking, S.A. 

“Company” means Herbalife Nutrition Ltd., a Cayman Islands exempted company incorporated with limited liability, and any and
all successors thereto. 

  
 6 

 “Common Stock” means with respect to any Person, any and all shares,
interests or other participations in, and other equivalents (however designated and whether voting or nonvoting) of such Person’s common stock or share capital whether or not outstanding on the Issue Date, and includes, without limitation, all
series and classes of such shares or common stock. 
 “Company Group” means the Company and all of its Subsidiaries. For
the avoidance of doubt, any reference to a “member of the Company Group” shall refer to the Company and each of its Subsidiaries. 

“Consolidated EBITDA” means, with respect to any Person for any period, the Consolidated Net Income of such Person for such
period plus, without duplication, to the extent (and in the same proportion) deducted in determining Consolidated Net Income: 

(1)         provision for taxes based on income or profits of such Person and its Restricted
Subsidiaries for such period; plus 
 (2)         Consolidated Interest Expense; plus 

(3)         depreciation; plus 

(4)         amortization (including amortization of deferred fees and accretion of original issue
discount); plus 
 (5)         all other noncash items subtracted in determining Consolidated
Net Income (including any noncash charges and noncash equity based compensation expenses related to any grant of stock, stock options or other equity-based awards (including, without limitation, restricted stock units or stock appreciation rights)
of such Person or any of its Restricted Subsidiaries recorded under GAAP, noncash charges related to warrants or other derivative instruments classified as equity instruments that will result in equity settlements and not cash settlements, and
noncash losses or charges related to impairment of goodwill and other intangible assets and excluding any noncash charge that results in an accrual of a reserve for cash charges in any future period) for such period; plus 

(6)         fees and expenses incurred in connection with the incurrence, prepayment, amendment, or
refinancing of Indebtedness (including in connection with (i) the negotiation and documentation of this Indenture, the Credit Agreement and any other document executed and delivered in conjunction with the Credit Agreement and any amendments or
waivers thereof and (ii) the on-going compliance with this Indenture, the Credit Agreement and any other document executed and delivered in conjunction with the Credit Agreement); minus 

(7)         non-cash items and
non-recurring gains or credits increasing such Consolidated Net Income for such period, in each case, on a consolidated basis for such Person and its Restricted Subsidiaries and determined in accordance with
GAAP. 
 “Consolidated Interest Expense” means with respect to any Person for any period, the total consolidated cash
interest expense (including that portion attributable to Capital Lease Obligations) of such Person and its consolidated Restricted Subsidiaries for such period (calculated without regard to any limitations on the payment thereof and including
commitment fees, letter-of-credit fees, and net amounts payable under any interest rate protection agreements) determined in accordance with GAAP. 

“Consolidated Net Income” means, with respect to any specified Person for any period, the aggregate of the net income (or
loss) of such Person and its Restricted Subsidiaries for such period, on a 

  
 7 

 
consolidated basis, determined in accordance with GAAP and before any reduction in respect of preferred stock dividends; provided that: 

(1) solely for purposes of making Restricted Payments under Section 4.07(a)(3)(A), the net income of any Restricted
Subsidiary (other than the Issuers or a Subsidiary Guarantor) shall be excluded to the extent that the declaration or payment of dividends or similar distributions (unless a like amount may be advanced to the Company or another Restricted Subsidiary
as a loan or advance) by that Restricted Subsidiary of that net income is not at the date of determination permitted without any prior governmental approval (that has not been obtained) or, directly or indirectly, by operation of the terms of its
charter or any agreement, instrument, judgment, decree, order, statute, rule or governmental regulation applicable to that Restricted Subsidiary or its stockholders; 

(2) the net income (or loss) for such period of any Person that is not a Restricted Subsidiary, or that is accounted for by
the equity method of accounting, shall be excluded; provided that Consolidated Net Income of the specified Person shall be increased by the amount of dividends or distributions or other payments that are actually paid in cash (or to the
extent converted into cash) made by such Person that is a not a Restricted Subsidiary to the referent Person or a Restricted Subsidiary thereof in respect of such period; 

(3) the cumulative effect of any change in accounting principles shall be excluded; 

(4) income or loss attributable to discontinued operations (including, without limitation, operations disposed of during such
period whether or not such operations were classified as discontinued) shall be excluded; 
 (5) any gain (or loss) realized
upon the sale or other disposition of assets of such Person or its consolidated Subsidiaries, other than a sale or disposition in the ordinary course of business, and any gain (or loss) realized upon the sale or disposition of any Capital Stock of
any Person shall be excluded; 
 (6) any impairment charge or asset write-off,
including impairment charges or asset write-offs or writedowns related to intangible assets, long-lived assets, investments in debt and equity securities (including any losses with respect to the foregoing in bankruptcy, insolvency or similar
proceedings) or as a result of a change in law or regulation, in each case pursuant to GAAP, shall be excluded; 
 (7) any non-cash compensation expense realized from employee benefit plans or postemployment benefit plans, grants of stock appreciation, restricted stock or similar rights, stock options or other rights to officers,
directors and employees of such Person or any of its Restricted Subsidiaries shall be excluded; 
 (8) all extraordinary,
unusual or non-recurring charges, gains and losses including, without limitation, all restructuring costs, severance costs, one-time compensation charges, transition
costs, facilities consolidation, closing or relocation costs, costs incurred in connection with any acquisition prior to or after the Issue Date (including integration costs), including all fees, commissions, expenses and other similar charges of
accountants, attorneys, brokers and other financial advisors related thereto and cash severance payments made in connection with acquisitions, and any expense or charge related to the repurchase of Capital Stock or warrants or options to purchase
Capital Stock, together with any related provision for taxes, shall be excluded; 

  
 8 

 (9) the effects of purchase accounting adjustments, in amounts required or
permitted by GAAP and related authoritative pronouncement, and amortization, write-off or impairment charges resulting therefrom, in each case from the application of purchase accounting in relation to any
acquisition, shall be excluded; 
 (10) any fees and expenses, including prepayment premiums and similar amounts, incurred
during such period, or any amortization thereof for such period, in connection with any equity issuance, acquisition, disposition, recapitalization, Investment, asset sale, issuance or repayment of Indebtedness (including any issuance of Notes),
financing transaction or amendment or modification of any debt instrument (including, in each case, any such transaction undertaken but not completed), shall be excluded; 

(11) any unrealized gains and losses and with respect to Hedging Obligations for such period shall be excluded; 

(12) any unrealized gains and losses related to fluctuations in currency exchange rates for such period shall be excluded;

 (13) any gains and losses from any early extinguishment of Indebtedness shall be excluded; 

(14) any gains and losses from any redemption or repurchase premiums paid with respect to the Notes shall be excluded; and

 (15) any write-off or amortization of deferred financing costs (including the
amortization of original issue discount) associated with Indebtedness shall be excluded. 
 “Consolidated Total Assets”
means, as of any date of determination, the consolidated total assets of the Company and its Restricted Subsidiaries, as shown on the most recent consolidated balance sheet of the Company then available, after giving Pro Forma Effect for
acquisitions or dispositions of Persons, divisions or lines of business that occurred on or after such balance sheet date and on or prior to such date of determination. 

“continuing” means, with respect to any Default or Event of Default, that such Default or Event of Default has not been cured
or waived. 
 “Contribution Debt” means Indebtedness of the Company or any Restricted Subsidiary in an aggregate principal
amount not greater than the aggregate amount of cash received from cash contributions (other than proceeds from Disqualified Stock) made to the capital of the Company after the Issue Date; provided that: 

(1) such cash has not been used to make a Restricted Payment and shall thereafter be excluded from any calculation under 4.07(a)(3)(B) or used
to make any Restricted Payment pursuant to Section 4.07(b) (it being understood that if any such Indebtedness incurred as Contribution Debt is redesignated as incurred under any provision other than Section 4.09(b)(27) the related capital
contribution may thereafter be included in any calculation under Section 4.07(a)(3)(B); and 
 (2) such Contribution Debt (a) is
incurred within 180 days after the making of such cash contributions and (b) is so designated as Contribution Debt pursuant to an Officer’s Certificate on the incurrence date thereof. 

  
 9 

 “Corporate Trust Office of the Trustee” will be at the address of the
Trustee specified in Section 12.02 or such other address as to which the Trustee may give notice to the Issuers and for purposes of Section 2.03, such office shall also mean the office or agency of the Trustee located at 445 South Figueroa
St, Suite 401, Los Angeles, CA 90071, Attention: Corporate Trust Operations, Email: CTOPS-DWACprocessing@unionbank.com. 
 “Credit
Agreement” means that certain credit agreement to be entered into on or prior to the Issue Date among Herbalife Nutrition Ltd., HLF Financing SaRL, LLC, Herbalife International Luxembourg S.a.R.L., Herbalife International, Inc., a Nevada
corporation, Jefferies LLC, as administrative agent for the term loan B lenders and collateral agent, and Coöperatieve Rabobank U.A., New York Branch, as administrative agent for the term loan A lenders and revolving credit lenders, each lender
from time to time party thereto and each other agent named therein, providing for revolving credit and term loan borrowings, including any related notes, guarantees, collateral documents, instruments and agreements executed in connection therewith,
and in each case, any amendments, supplements, modifications, extensions, renewals, restatements or refundings thereof and any debt facilities or other financing arrangements (including, without limitation, commercial paper facilities, indentures,
note purchase agreements or other agreements) that replace, refund or refinance any part of the refinancing facility or indenture that increases the amount permitted to be borrowed thereunder (provided that such increase in borrowings is
permitted under Section 4.09) or alters the maturity thereof or adds Restricted Subsidiaries as additional borrowers or guarantors thereunder and whether by the same or any other agent, lender or group of lenders. 

“Credit Facility” means, with respect to the Company or any of its Restricted Subsidiaries, one or more of debt facilities
(which may be outstanding at the same time) or other financing arrangements (including, without limitation, the Credit Agreement, commercial paper facilities, indentures, note purchase agreements or other agreements) providing for revolving credit
loans, term loans, debt securities, letters of credit, bankers’ acceptances or other indebtedness, including any notes, mortgages, guarantees, collateral documents, instruments and agreements executed in connection therewith, and, in each case,
any amendments, supplements, modifications, extensions, renewals, restatements or refundings thereof and any debt facilities or other financing arrangements (including, without limitation, commercial paper facilities, indentures, note purchase
agreements or other agreements) that replace, refund or refinance any part of the refinancing facility or indenture that increases the amount permitted to be borrowed thereunder (provided that such increase in borrowings is permitted under
Section 4.09) or alters the maturity thereof or adds Restricted Subsidiaries as additional borrowers or guarantors thereunder and whether by the same or any other agent, lender or group of lenders. 

“Code” means the U.S. Internal Revenue Code of 1986, as amended. 

“Currency Protection Agreement” means any currency protection agreement entered into with one or more financial institutions
in the ordinary course of business that is designed to protect the Person or entity entering into the agreement against fluctuations in currency exchange rates with respect to Indebtedness incurred and not for purposes of speculation. 

“Custodian” means the Trustee, as custodian with respect to the Notes in global form, or any successor entity thereto. 

“Default” means any event that is, or with the passage of time or the giving of notice or both would be, an Event of Default.

 “Definitive Note” means a certificated Note registered in the name of the Holder thereof and issued in accordance with
Section 2.06, substantially in the form of Exhibit A hereto except that such 

  
 10 

 
Note shall not bear the Global Note Legend and shall not have the “Schedule of Exchanges of Interests in the Global Note” attached thereto. 

“Depositary” means, with respect to the Notes issuable or issued in whole or in part in global form, the Person specified in
Section 2.03 as the Depositary with respect to the Notes, and any and all successors thereto appointed as depositary hereunder and having become such pursuant to the applicable provision of this Indenture. 

“Designated Noncash Consideration” means the fair market value of noncash consideration received by the Company or one of its
Restricted Subsidiaries in connection with an Asset Sale that is so designated as Designated Noncash Consideration pursuant to an Officer’s Certificate, setting forth the basis of such valuation, executed by the principal executive officer or
the principal financial officer of the Company, less the amount of cash and Cash Equivalents received in connection with a sale or collection of such Designated Noncash Consideration. 

“Designated Preferred Stock” means preferred shares of the Company (other than Disqualified Stock) that are issued for cash
(other than to a Restricted Subsidiary or an employee stock or share ownership plan or trust established by the Company or any of its Subsidiaries) and is so designated as Designated Preferred Stock pursuant to an Officer’s Certificate on or
prior to the issuance thereof. 
 “Disqualified Stock” means any Capital Stock that, by its terms (or by the terms of any
security into which it is convertible, or for which it is exchangeable, in each case at the option of the holder thereof), or upon the happening of any event, (i) matures or is mandatorily redeemable, pursuant to a sinking fund obligation or
otherwise, or is redeemable at the option of the holder thereof, in whole or in part, on or prior to the date on which the Notes mature, (ii) provides for the scheduled payments or dividends in cash, or (iii) is or becomes convertible into
or exchangeable for Indebtedness or any other Capital Stock that would constitute Disqualified Stock, in each case, prior to the date that is 91 days after the Maturity Date at the time of issuance; provided, however, that with respect
to clause (i), only the portion of the Capital Stock which so matures, is mandatorily redeemable or is redeemable at the option of the holder prior to such date shall be deemed to be Disqualified Stock. Notwithstanding the preceding sentence, any
Capital Stock that would constitute Disqualified Stock solely because the holders thereof have the right to require the Company to repurchase such Capital Stock upon the occurrence of a change of control or an asset sale or as a result of the
bankruptcy, insolvency or similar event of the issuer shall not constitute Disqualified Stock if the terms of such Capital Stock provide that the Company may not repurchase or redeem such Capital Stock pursuant to such provision unless such
repurchase or redemption complies with Section 4.07. Disqualified Stock shall not include Capital Stock which is issued to any plan for the benefit of employees of the Company or its Restricted Subsidiaries or by any such plan to such employees
solely because it may be required to be repurchased by the Company or its Subsidiaries in order to satisfy applicable statutory or regulatory obligations. 

“Equity Interests” means Capital Stock and all warrants, options or other rights to acquire Capital Stock (but excluding any
debt security that is convertible into, or exchangeable for, Capital Stock). 
 “Equity Offering” means a public or private
sale for cash by the Company of its Common Stock (other than Disqualified Stock), or options, warrants or rights with respect to its Common Stock, other than public offerings registered on Form S-4 or S-8. 
 “Euroclear” means Euroclear Bank, S.A./N.V., as operator of the Euroclear system.

 “Exchange Act” means the Securities Exchange Act of 1934, as amended. 

  
 11 

 “Excluded Contributions” means the net cash proceeds received by the
Company from (a) capital contributions to its common Capital Stock or (b) the sale (other than to a Subsidiary) of Capital Stock of the Company (other than proceeds from the issuance of Disqualified Capital Stock) which proceeds are used
substantially concurrently to make an Investment, in each case designated as Excluded Contributions pursuant to an Officer’s Certificate. Excluded Contributions will be excluded from the calculation set forth in Section 4.07(a)(3). 

“Excluded Subsidiary” means (a) Unrestricted Subsidiaries, (b) Immaterial Subsidiaries, (c) any Subsidiary
that is prohibited by applicable law, rule or regulation or by any contractual obligation existing on the Issue Date (or, if later, the date it becomes a Restricted Subsidiary) from Guaranteeing the Notes or which would require governmental
(including regulatory) consent, approval, license or authorization to provide a Guarantee unless such consent, approval, license or authorization has been received, (d) a Restricted Subsidiary whose provision of a Guarantee would otherwise
result in material adverse tax consequences to the Company or any of its Subsidiaries, as reasonably determined by the Company, (e) not-for-profit Restricted
Subsidiaries, (f) Restricted Subsidiaries that are captive insurance companies or (g) any Subsidiary of the Company (i) that is a CFC, (ii) that is owned directly or indirectly by a CFC or (iii) substantially all of the
assets of which consist of stock of one or more CFCs (or are treated as consisting of such assets for U.S. federal income tax purposes) and/or CFC Debt; provided, that, notwithstanding the foregoing, any Restricted Subsidiary that directly or
indirectly Guarantees any Indebtedness of the Issuers or any domestic Subsidiary of the Company under the Credit Agreement or any other Credit Facility will not be an Excluded Subsidiary. For the avoidance of doubt, in no event shall the Issuers
constitute an Excluded Subsidiary. As of the Issue Date, Herbalife Venezuela, as well as Restricted Subsidiaries of the Company that are incorporated in China, Russia, India and Mexico, shall be Excluded Subsidiaries (unless subsequently designated
by the Company as not constituting an Excluded Subsidiary) (it being understood for the avoidance of doubt that the foregoing is not an exhaustive list). Notwithstanding the foregoing, Herbalife International Luxembourg S.a.R.L. will not be an
Excluded Subsidiary. 
 “Existing Indebtedness” means any Indebtedness of the Company and its Restricted Subsidiaries in
existence on the Issue Date (other than the Notes issued on the Issue Date and any Indebtedness under the Credit Agreement in existence on the Issue Date, but including Indebtedness under the 2.00% Notes and the 2.625% Notes), until such amounts are
repaid, refinanced or retired. 
 “fair market value” means, with respect to any asset or property, the value that would be
paid by a willing buyer to an unaffiliated willing seller in a transaction not involving distress or necessity of either party, determined in good faith by the Company (unless otherwise provided in this Indenture). 

“Fixed Charge Coverage Ratio” means, with respect to any specified Person for any period (for purposes of this definition,
the “Reference Period”), the ratio of Consolidated EBITDA of such Person for the Reference Period to Consolidated Interest Expense of such Person for the Reference Period. In the event that the specified Person or any of its
Restricted Subsidiaries incurs, assumes, Guarantees, repays, repurchases, redeems, defeases or otherwise discharges any Indebtedness (other than ordinary working capital borrowings) or issues, repurchases or redeems preferred stock, in each case,
subsequent to the commencement of the Reference Period and on or prior to the date of the event for which the calculation of the Fixed Charge Coverage Ratio is made (for purposes of this definition, the “Calculation Date”), then the
Fixed Charge Coverage Ratio shall be calculated giving pro forma effect to such incurrence, assumption, Guarantee, repayment, repurchase, redemption, defeasance or other discharge of Indebtedness, or such issuance, repurchase or redemption of
preferred stock, and the use of the proceeds therefrom, as if the same had occurred at the beginning of the Reference Period; provided that the pro forma calculation of the Fixed Charge Coverage Ratio shall not give effect to (i) any
Indebtedness incurred on the Calculation Date in reliance on the provisions described in the definition of Permitted 

  
 12 

 
Debt (provided, however, that such calculation shall give effect to Indebtedness incurred on the Calculation Date in reliance on clauses (2), (3) and (19) of the definition of
Permitted Debt) or (ii) any Indebtedness discharged on the Calculation Date to the extent that such discharge results from the proceeds of Indebtedness incurred on the Calculation Date in reliance on the provisions described in the definition
of Permitted Debt. 
 In addition, for purposes of calculating the Fixed Charge Coverage Ratio: 

(1) acquisitions that have been made by the specified Person or any of its Restricted Subsidiaries, including through mergers
or consolidations, or any Person or any of its Restricted Subsidiaries acquired by the specified Person or any of its Restricted Subsidiaries, and including any related financing transactions and including increases in ownership of Restricted
Subsidiaries, during the Reference Period or subsequent to the Reference Period and on or prior to the Calculation Date will be given pro forma effect as if they had occurred on the first day of the Reference Period, and Consolidated EBITDA for such
reference period will be calculated on a pro forma basis; 
 (2) the Consolidated EBITDA attributable to discontinued
operations, as determined in accordance with GAAP, and operations or businesses (and ownerships therein) disposed of prior to the Calculation Date, shall be excluded; and 

(3) the Consolidated Interest Expense attributable to discontinued operations, as determined in accordance with GAAP, and
operations or businesses (and ownership interests) disposed of prior to the Calculation Date, shall be excluded, but only to the extent that the obligations giving rise to such Consolidated Interest Expense will not be obligations of the specified
Person or any of its Restricted Subsidiaries following the Calculation Date. 
 For purposes of this definition, whenever
pro forma effect is to be given to a transaction or a calculation is to be made on a pro forma basis, the pro forma calculations shall be made in good faith by a responsible financial or accounting officer of the Company and may include, without
duplication, cost savings, synergies and operating expense reductions resulting from such transaction that have been realized or are expected, in the reasonable judgment of such financial or accounting officer, to be realized within 12 months of the
date of calculation. If any Indebtedness bears a floating rate of interest and is being given pro forma effect, the interest on such Indebtedness shall be calculated as if the rate in effect on the Calculation Date had been the applicable rate for
the entire period (taking into account any Hedging Obligations applicable to such Indebtedness), and for the avoidance of doubt, if any Indebtedness bears a fixed rate of interest and is being given pro forma effect, the interest on such
Indebtedness shall be calculated as if the rate in effect on the Calculation Date had been the applicable rate for the entire period (taking into account any Hedging Obligations applicable to such Indebtedness). Interest on a Capital Lease
Obligation shall be deemed to accrue at an interest rate reasonably determined by a responsible financial or accounting officer of the Company to be the rate of interest implicit in such Capital Lease Obligation in accordance with GAAP. For purposes
of making the computation referred to above, interest on any Indebtedness under a revolving credit facility computed on a pro forma basis shall be computed based upon the average daily balance of such Indebtedness during the applicable period except
as set forth in the first paragraph of this definition. Interest on Indebtedness that may optionally be determined at an interest rate based upon a factor of a prime or similar rate, a Eurocurrency interbank offering rate, or other rate, shall be
deemed to have been based upon the rate actually chosen, or, if none, then based upon such optional rate chosen as the Company may designate 

  
 13 

 “Foreign Subsidiary” means, with respect to the Company, any Restricted
Subsidiary that was not formed under the laws of the United States of America or any state thereof. 
 “GAAP” means
generally accepted accounting principles in the United States of America as in effect from time to time; provided that leases will be accounted for using the generally accepted accounting principles in the United States of America in effect on the
Issue Date and any changes in the accounting for leases after the Issue Date will be disregarded. At any time after the Issue Date, the Company may elect to apply IFRS accounting principles in lieu of GAAP and, upon any such election, references
herein to GAAP shall thereafter be construed to mean IFRS (except as otherwise provided herein); provided that calculations or determinations herein that require the application of GAAP for periods that include fiscal quarters ended prior to
the Company’s election to apply IFRS shall remain as previously calculated or determined in accordance with GAAP. The Company will provide notice of any such election made in accordance with this definition to the Trustee and the Holders of
Notes. 
 “Global Note Legend” means the legend set forth in Section 2.06(f)(2), which is required to be placed on all
Global Notes issued under this Indenture. 
 “Global Notes” means, individually and collectively, each of the Restricted
Global Notes and the Unrestricted Global Notes deposited with or on behalf of and registered in the name of the Depositary or its nominee, substantially in the form of Exhibit A hereto and that bears the Global Note Legend and that has the
“Schedule of Exchanges of Interests in the Global Note” attached thereto, issued in accordance with Section 2.01, 2.06(b)(3), 2.06(b)(4) or 2.06(d)(2). 

“Guarantee” means a guarantee other than by endorsement of negotiable instruments for collection in the ordinary course of
business, direct or indirect, in any manner including, without limitation, by way of a pledge of assets or through letters of credit or reimbursement agreements in respect thereof, of all or any part of any Indebtedness. 

“Guarantors” means: 

(1) the Company; 

(2) each Restricted Subsidiary of the Company that executes a Note Guarantee on the Issue Date; 

(3) any other Subsidiary of the Company that executes a Note Guarantee and related supplemental indenture in accordance with
the provisions of this Indenture; and 
 (4) any Parent Entity that executes a Note Guarantee and related supplemental
indenture in accordance with the provisions of this Indenture; 
 and their respective successors and assigns, in each case of clauses (1) through (4),
until such Person is released from its Note Guarantee in accordance with the terms of this Indenture. 
 Notwithstanding the foregoing and for the avoidance
of doubt, Herbalife International Luxembourg S.a.R.L. will not be an Excluded Subsidiary. 
 “Hedging Obligations” of any
Person means the obligations of such Person under interest rate or currency swaps, caps or collar agreements, foreign exchange agreements, commodity contracts or similar arrangements (which, for the avoidance of doubt, shall include any master
agreement that governs the terms of one or more interest rate or currency swaps, caps or collar agreements, foreign exchange 

  
 14 

 
agreements, commodity contracts or similar arrangements) entered into by any Person providing for protection against fluctuations in interest rates, currency exchange rates, commodity prices or
the exchange of nominal interest obligations, either generally or under specific contingencies. 
 “Herbalife Venezuela”
means Vida Herbal Suplementos Alimenticios, C.A., a company dually organized under the laws of Venezuela (compania anónima) and Delaware (under the name VHSA, LLC). 

“Holder” means a Person in whose name a Note is registered. 

“IAI Global Note” means a Global Note substantially in the form of Exhibit A hereto bearing the Global Note Legend and the
Private Placement Legend and deposited with or on behalf of and registered in the name of the Depositary or its nominee that will be issued in a denomination equal to the outstanding principal amount of the Notes sold to Institutional Accredited
Investors. 
 “Immaterial Subsidiary” means a Subsidiary (other than Issuers) (a) the Consolidated Total Assets of
which equal 2.5% or less of the Consolidated Total Assets of the Company and its Restricted Subsidiaries as of the end of the Company’s most recently ended fiscal quarter and (b) the gross revenues of which for the most recently ended four
full fiscal quarters constitute 2.5% or less of the total gross revenues of the Company and its Subsidiaries, on a consolidated basis, for such period; provided, that if at any time the aggregate amount of Consolidated Total Assets as of the
end of the Company’s most recently ended fiscal quarter represented by all Immaterial Subsidiaries would, but for this proviso, exceed 5.0% of Consolidated Total Assets of the Company and its Subsidiaries as of such date, or the total gross
revenues represented by all Immaterial Subsidiaries would, but for this proviso, exceed 5.0% of the total gross revenues of the Company and its Subsidiaries, on a consolidated basis, in each case as of the end of the Company’s most recently
ended fiscal quarter, then the Company shall designate sufficient Immaterial Subsidiaries to no longer constitute Immaterial Subsidiaries so as to eliminate such excess, and each such designated Subsidiary shall thereupon cease to be an Immaterial
Subsidiary (or, if the Company shall make no such designation by the next fiscal quarter), one or more of such Immaterial Subsidiaries selected in descending order based on their respective contributions to the Consolidated Total Assets of the
Company and its Subsidiaries shall cease to be considered to be Immaterial Subsidiaries until such excess is eliminated. 

“Indebtedness” means at any time (without duplication), with respect to any Person, whether recourse is to all or a portion
of the assets of such Person, or non-recourse, the following: 
 (1) all
indebtedness of such Person for money borrowed or for the deferred purchase price of property, excluding (A) any trade payables or other current liabilities incurred in the ordinary course of business, (B) any earn-out obligations until such obligation becomes a liability on the balance sheet of such Person in accordance with GAAP and (C) accruals for payroll or other employee compensation and other liabilities
accrued in the ordinary course of business; 
 (2) all Obligations of such Person evidenced by bonds, debentures, notes or
other similar instruments (including purchase-money obligations); 
 (3) all Obligations of such Person with respect to
letters of credit, bankers’ acceptances or similar facilities (including reimbursement obligations with respect thereto, except to the extent such reimbursement Obligation relates to a trade payable) issued for the account of such Person; 

(4) all Indebtedness created or arising under any conditional sale or other title retention agreement with respect to property
or assets acquired by such Person (even if the rights and 

  
 15 

 
remedies of the seller or lender under such agreement in the event of default are limited to repossession or sale of such property or assets); 

(5) all Capital Lease Obligations of such Person; 

(6) the maximum fixed redemption, repayment or other repurchase price of Disqualified Stock in such Person at the time of
determination; 
 (7) any Hedging Obligations of such Person at the time of determination (the amount of any such
Obligations to be equal to the termination value of such agreement or arrangement giving rise to such Obligation that would be payable by such Person at such time); and 

(8) all Obligations of the types referred to in clauses (1) through (7) of this definition of another Person and all
dividends and other distributions of another Person, the payment of which, in either case, (A) such Person has Guaranteed, directly or indirectly, or that is otherwise its legal liability or which such Person has agreed to purchase or
repurchase or in respect of which such Person has agreed contingently to supply or advance funds or (B) is secured by (or the holder of such Indebtedness or the recipient of such dividends or other distributions has an existing right, whether
contingent or otherwise, to be secured by) any Lien upon the property or other assets of such Person, even though such Person has not assumed or become liable for the payment of such Indebtedness, dividends or other distributions; provided
that if the holder of such Indebtedness has no recourse to such Person other than to the asset, the amount of such Indebtedness will be deemed to equal the lesser of the value of such asset and the amount of the obligation so secured), 

if and to the extent any of the preceding items (other than letters of credit and Hedging Obligations) would appear as a liability upon a balance sheet of the
specified Person prepared in accordance with GAAP. 
 For purposes of the foregoing: 

(1) the maximum fixed repurchase price of any Disqualified Stock that does not have a fixed repurchase price shall be
calculated in accordance with the terms of such Disqualified Stock as if such Disqualified Stock was repurchased on any date on which Indebtedness shall be required to be determined pursuant to this Indenture; provided, however, that,
if such Disqualified Stock is not then permitted to be repurchased, the repurchase price shall be the book value of such Disqualified Stock; 

(2) the amount outstanding at any time of any Indebtedness issued with original issue discount is the principal amount of such
Indebtedness less the remaining unamortized portion of the original issue discount of such Indebtedness at such time as determined in conformity with GAAP, but such Indebtedness shall be deemed incurred only as of the date of original issuance
thereof; 
 (3) in the case of any Indebtedness not issued with original issue discount, the amount of any such Indebtedness
outstanding as of any date will be the principal amount of the Indebtedness, together with any interest on the Indebtedness that is more than 30 days past due; 

(4) the amount of any Indebtedness described in clause (8)(A) above shall be the maximum liability under any such Guarantee;

  
 16 

 (5) the amount of any Indebtedness described in clause (8)(B) above shall be
the lesser of (I) the maximum amount of the Obligations so secured and (II) the fair market value of such property or other assets; and 

(6) except as described in clause (5) above, interest, fees, premium, and expenses and additional payments, if any, will
not constitute Indebtedness. 
 Notwithstanding the foregoing, in connection with the purchase or sale by the Company or any Restricted
Subsidiary of any assets or business, the term “Indebtedness” will exclude (x) customary indemnification obligations and (y) post-closing payment adjustments to which the other party may become entitled to the extent such payment
is determined by a final closing balance sheet or such payment is otherwise contingent; provided, however, that, such amount would not be required to be reflected on the face of a balance sheet prepared in accordance with GAAP. 

“Indenture” means this Indenture, as amended or supplemented from time to time. 

“Indirect Participant” means a Person who holds a beneficial interest in a Global Note through a Participant. 

“Initial Notes” means the first $400 million aggregate principal amount of Notes issued under this Indenture on the date
hereof. 
 “Initial Purchasers” means Jefferies LLC, Rabo Securities USA, Inc., Citizens Capital Markets, Inc., Citigroup
Capital Markets Inc., Fifth Third Securities, Inc., Mizuho Securities USA LLC, Capital One Securities, Inc. and Comerica Securities, Inc. 

“Institutional Accredited Investor” means an institution that is an “accredited investor” as defined in Rule
501(a)(1), (2), (3) or (7) under the Securities Act, who are not also QIBs. 
 “Investment Grade Rating” means, a debt
rating of the Notes of BBB- or higher by S&P and Baa3 or higher by Moody’s or the equivalent of such ratings by S&P and Moody’s or, in the event S&P or Moody’s shall cease rating the
Notes and the Company shall select any other Rating Agency, the equivalent of such ratings by such other Rating Agency. 

“Investments” means, with respect to any Person, all investments by such Person in other Persons (including Affiliates) in
the forms of direct or indirect loans (including Guarantees of Indebtedness or other Obligations), advances or capital contributions (excluding accounts receivable, trade credit and advances to customers in the ordinary course of business and
commission, travel and similar advances to officers and employees made in the ordinary course of business), prepaid expenses and accounts receivable, purchases or other acquisitions for consideration of Indebtedness, Equity Interests or other
securities, together with all items that are or would be classified as investments on a balance sheet prepared in accordance with GAAP. If the Company or any Subsidiary of the Company sells or otherwise disposes of any Equity Interests of any direct
or indirect Subsidiary of the Company such that, after giving effect to any such sale or disposition, such Person is no longer a direct or indirect Subsidiary of the Company, the Company shall be deemed to have made an Investment on the date of any
such sale or disposition equal to the fair market value of the Equity Interests of such Subsidiary not sold or disposed of in an amount determined as provided in the last paragraph of Section 4.07. 

“Issue Date” means the date of first issuance of the Notes under this Indenture. 

  
 17 

 “Issuers” means HLF Financing SaRL, LLC, a Delaware limited liability
company, and Herbalife International, Inc., a Nevada corporation, each a wholly-owned Subsidiary of the Company. 
 “Legal
Holiday” means a Saturday, a Sunday or a day on which banking institutions in the City of New York or at a place of payment are authorized by law, regulation or executive order to remain closed. If a payment date is a Legal Holiday at a
place of payment, payment may be made at that place on the next succeeding day that is not a Legal Holiday, and no interest shall accrue on such payment for the intervening period. 

“Lien” means, with respect to any asset, any mortgage, lien, pledge, charge, security interest or encumbrance of any kind in
respect of such asset, whether or not filed, recorded or otherwise perfected under applicable law, including any conditional sale or other title retention agreement, any lease in the nature thereof, any option or other agreement to sell or give a
security interest in and any filing of or agreement to give any financing statement under the Uniform Commercial Code (or equivalent statutes) of any jurisdiction; provided that in no event will an operating lease be deemed to constitute a Lien.

 “Limited Condition Transaction” shall mean any acquisition by way of merger, amalgamation or consolidation, by the
Company or one or more of its Restricted Subsidiaries, the consummation of which is not conditioned on the availability of, or on obtaining, third party financing. 

“Maturity Date” means August 15, 2026. 

“Moody’s” means Moody’s Investors Service, Inc. or any successor rating agency. 

“Net Proceeds” means the aggregate cash proceeds received by the Company or any of its Restricted Subsidiaries in respect of
any Asset Sale (including, without limitation, any cash received upon the sale or other disposition of any non-cash consideration received in any Asset Sale), net of all costs relating to such Asset Sale,
including, without limitation, legal, accounting, investment banking fees and broker fees, and sales and underwriting commissions, and any relocation expenses incurred as a result thereof, taxes paid or payable as a result thereof, in each case
after taking into account any available tax credits or deductions and any tax sharing arrangements and amounts required to be applied to the repayment of Indebtedness, other than Indebtedness under a Credit Facility, secured by a Lien on the asset
or assets that were the subject of such Asset Sale, any costs associated with unwinding any related Hedging Obligations in connection with such repayment and any reserve for adjustment in respect of the sale price of such asset or assets established
in accordance with GAAP or in respect of liabilities associated with the asset disposed of and retained by the Company or its Restricted Subsidiaries. 

“Non-Recourse Debt” means Indebtedness: 

(1) as to which neither the Company nor any of its Restricted Subsidiaries (a) provides credit support of any kind
(including any undertaking, agreement or instrument that would constitute Indebtedness), (b) is directly or indirectly liable as a guarantor or otherwise, or (c) constitutes the lender; 

(2) no default with respect to which (including any rights that the holders thereof may have to take enforcement action
against an Unrestricted Subsidiary) would permit upon notice, lapse of time or both any holder of any other Indebtedness (other than the Notes) of the Company or any of its Restricted Subsidiaries to declare a default on such other Indebtedness or
cause the payment thereof to be accelerated or payable prior to its Stated Maturity; and 

  
 18 

 (3) as to which the lenders have been notified in writing that they will not
have any recourse to the stock or assets of the Company or any of its Restricted Subsidiaries. 

“Non-U.S. Person” means a Person who is not a U.S. Person. 

“Note Guarantee” means, individually, any Guarantee of payment of the Notes by a Guarantor pursuant to the terms of this
Indenture, and, collectively, all such Guarantees. 
 “Notes” has the meaning assigned to it in the preamble of this
Indenture. The Initial Notes and the Additional Notes shall be treated as a single class for all purposes under this Indenture, and unless the context otherwise requires, all references to the Notes shall include the Initial Notes and any Additional
Notes. 
 “Obligations” means any principal, premium, if any, interest (including interest accruing on or after the filing
of any petition in bankruptcy or for reorganization relating to the Company or its Restricted Subsidiaries whether or not a claim for post-filing interest is allowed in such proceeding), penalties, fees, charges, expenses, indemnifications,
reimbursement obligations, damages, including liquidated damages, Guarantees and other liabilities or amounts payable under the documentation governing any Indebtedness or in respect thereof. 

“Offering Memorandum” means that certain Offering Memorandum with respect to the Initial Notes, dated August 9, 2018.

 “Officer” means, with respect to any Person, the Chairman of the Board, the Chief Executive Officer, the President, the
Chief Operating Officer, the Chief Financial Officer, the Chief Legal Officer, the Treasurer, any Assistant Treasurer, the Controller, the Secretary, any Assistant or Associate Secretary, the General Counsel, any Vice-President (whether or not
designated by a number or word or words added before or after the title “Vice President”) or any Director or Manager of such Person. 

“Officer’s Certificate” means a certificate signed on behalf of the Issuers by an Officer of the Issuers, that meets the
requirements of Section 12.05. 
 “Opinion of Counsel” means a written opinion from legal counsel, who may be internal
or external counsel for the Company or the Issuers, or other counsel reasonably acceptable to the Trustee, complying with Section 12.05. 

“Participant” means, with respect to the Depositary, Euroclear or Clearstream, a Person who has an account with the
Depositary, Euroclear or Clearstream, respectively (and, with respect to DTC, shall include Euroclear and Clearstream). 

“Permitted Convertible Indebtedness Call Transaction” means any purchase by the Company of a call or capped call option (or
substantively equivalent derivative transaction) on the Company’s common stock in connection with the issuance of any convertible Indebtedness otherwise constituting Permitted Debt, or any refinancing, refunding, extension or renewal thereof as
permitted by Section 4.09 and any sale by the Company of a call option or warrant (or substantively equivalent derivative transaction) on the Company’s common stock; provided that the purchase price for the Permitted Convertible
Indebtedness Call Transaction does not exceed the net proceeds from such convertible notes or any such refinancing, refunding, extension or renewal thereof as permitted by Section 4.09. 

“Permitted Holder” means (a) (1) Carl C. Icahn and his siblings, his and their respective spouses and descendants
(including stepchildren and adopted children) and the spouses of such descendants 

  
 19 

 
(including stepchildren and adopted children) (collectively, the “Family Group”); (2) any trust, estate, partnership, corporation, company, limited liability company or unincorporated
association or organization (each an “Entity” and collectively “Entities”) Controlled by one or more members of the Family Group, including without limitation any funds managed by any member of the Family Group that are acting in
concert with the Family Group; (3) any Entity over which one or more members of the Family Group, directly or indirectly, have rights that, either legally or in practical effect, enable them to make or veto significant management decisions with
respect to such Entity, whether pursuant to the constituent documents of such Entity, by contract, through representation on a board of directors or other governing body of such Entity, through a management position with such Entity or in any other
manner (such rights hereinafter referred to as “Veto Power”); (4) the estate of any member of the Family Group; (5) any trust created (in whole or in part) by any one or more members of the Family Group; (6) any individual or
Entity who receives an interest in any estate or trust listed in clauses (4) or (5), to the extent of such interest; (7) any trust or estate, substantially all the beneficiaries of which (other than charitable organizations or foundations)
consist of one or more members of the Family Group; (8) any organization described in Section 501(c) of the Code, over which any one or more members of the Family Group and the trusts and estates listed in clauses (4), (5) and
(7) have direct or indirect Veto Power, or to which they are substantial contributors (as such term is defined in Section 507 of the Code); (9) any organization described in Section 501(c) of the Code of which a member of the Family
Group is an officer, director or trustee; or (10) any Entity, directly or indirectly (a) owned or Controlled by or (b) a majority of the economic interests in which are owned by, or are for or accrue to the benefit of, in either case,
any Person or Persons identified in clauses (1) through (9) above; and (b) HBL Swiss Financing GmbH, HBL Luxembourg Holdings S.à r.l., WH Luxembourg Holdings S.à R.L., Herbalife International Luxembourg S.à R.L., and
WH Intermediate Holdings LTD (and their respective successors) in connection with any purchases and/or holdings of the Company’s common equity interests permitted hereunder. For the purposes of this definition of Permitted Holder, (I)
“Control” of a Person means the power, directly or indirectly, to direct or cause the direction of the management and policies of such Person, whether by contract or otherwise and (II) for the avoidance of doubt, in addition to any
other Person or Persons that may be considered to possess Control, (x) a partnership shall be considered Controlled by a general partner or managing general partner thereof, (y) a limited liability company shall be considered Controlled by
a managing member of such limited liability company and (z) a trust or estate shall be considered Controlled by any trustee, executor, personal representative, administrator or any other Person or Persons having authority over the control,
management or disposition of the income and assets therefrom. 
 “Permitted Investments” means: 

(1) any Investment in the Company or in a Restricted Subsidiary of the Company; 

(2) any Investment in cash or Cash Equivalents or investment grade securities; 

(3) any Investment by the Company or any Restricted Subsidiary of the Company in a Person engaged in a Related Business, if as
a result of such Investment either: 
 (i) such Person, in one transaction or a series of related transactions, becomes a
Restricted Subsidiary of the Company or such assets are owned by a Restricted Subsidiary of the Company; or 
 (ii) such
Person, in one transaction or a series of related transactions, is merged, consolidated or amalgamated with or into, or transfers or conveys all or substantially all of its assets, or transfers or conveys assets constituting a business unit, line of
business or division of such Person, to or is liquidated into, the Company or a Restricted Subsidiary of the Company, 

  
 20 

 
and, in each case, any Investment held by such Person; provided that such Investment was not acquired by such Person in contemplation of such acquisition, merger, consolidation or transfer; 

(4) any Investment made as a result of the receipt of non-cash consideration from an
Asset Sale that was made pursuant to and in compliance with Section 4.10 and any Investment of Net Cash Proceeds of any Asset Sale to acquire other assets (other than securities or current assets) that will be used or useful in a Related
Business in compliance with Section 4.10; 
 (5) any Investments by the Company or any Restricted Subsidiary in a
Receivables Subsidiary or a Special Purpose Vehicle or any Investment by a Receivables Subsidiary in any other Person in connection with a Qualified Receivables Transaction; provided that any Investment in a Receivables Subsidiary or a
Special Purpose Vehicle is in the form of a Purchase Money Note or an Equity Interest or in the form of a purchase of Receivables and Receivables Related Assets pursuant to a Receivables Repurchase Obligation; 

(6) any Investment solely in exchange for the issuance of Equity Interests (other than Disqualified Stock) of the Company;

 (7) Investments in accounts or notes receivable owing to the Company or any Restricted Subsidiary of the Company acquired
in the ordinary course of business and payable or dischargeable in accordance with customary trade terms; provided, however, that such trade terms may include such concessionary trade terms as the Company or any such Restricted
Subsidiary deems reasonable under the circumstances; 
 (8) loans and advances to directors, officers, employees, managers
and consultants of the Company and its Restricted Subsidiaries in the ordinary course of business or consistent with past practice for reasonable and customary business-related travel, entertainment, relocation and analogous ordinary business
purposes; 
 (9) Investments in securities received in settlement of Obligations of trade creditors or customers in the
ordinary course of business or in satisfaction of judgments or pursuant to any plan of reorganization or similar arrangement upon the bankruptcy or insolvency of trade creditors, franchisees, customers or suppliers; 

(10) workers’ compensation, utility, lease and similar deposits, deposits in connection with bidding on government
contracts and prepaid expenses in the ordinary course of business and endorsements of negotiable instruments and documents in the ordinary course of business; 

(11) commission, payroll, travel and similar advances to employees, officers, directors and managers in the ordinary course of
business or consistent with past practice; 
 (12) Hedging Obligations entered into in the ordinary course of the
Company’s or its Restricted Subsidiaries’ businesses and not for speculative purposes and otherwise in compliance with this Indenture; 

(13) Investments represented by Guarantees of Indebtedness that are otherwise permitted under this Indenture and performance
guarantees and other guarantees in respect of obligations not constituting Indebtedness in the ordinary course of business; 

(14) Investments having an aggregate fair market value (measured on the date each such Investment was made and without giving
effect to subsequent changes in value), when taken 

  
 21 

 
together with all other Investments made pursuant to this clause (14) that are at any time outstanding, not to exceed the greater of (i) $75.0 million and (ii) 3.0% of Consolidated
Total Assets; provided that if an Investment made pursuant to this clause (14) is made in any Person that is not a Restricted Subsidiary of the Company at the date of the making of the Investment and such Person becomes a Restricted
Subsidiary after such date, such Investment will thereafter be deemed to have been made pursuant to clause (1) above and shall cease to have been made pursuant to this clause (14); 

(15) Investments consisting of the licensing or contribution of intellectual property pursuant to joint marketing arrangements
with other Persons; 
 (16) loans by the Company in an aggregate principal amount not to exceed the greater of (i)
$25.0 million and (ii) 1.0% of Consolidated Total Assets to employees of the Company or its Restricted Subsidiaries to finance the sale of the Company’s Capital Stock by the Company to such employees; provided that the net cash
proceeds from such sales respecting such loaned amounts will not be included in the calculation described in Section 4.07(a)(3)(B); 

(17) any Investment (x) existing on the Issue Date, (y) made pursuant to binding commitments in effect on the Issue
Date or (z) that replaces, refinances, refunds, renews or extends any Investment described under either of the immediately preceding clauses (x) or (y), provided that any such Investment is in an amount that does not exceed the
amount replaced, refinanced, refunded, renewed or extended; 
 (18) Investments comprised of intercompany loans between the
Company and any Restricted Subsidiary or between any Restricted Subsidiary and any other Restricted Subsidiary; and 
 (19)
Investments in the Notes; 
 (20) Investments in any Unrestricted Subsidiary or joint venture of the Company or of any of
its Restricted Subsidiaries having an aggregate fair market value (measured on the date each such Investment was made and without giving effect to subsequent changes in value), when taken together with all other Investments made pursuant to this
clause (20) that are at any time outstanding, not to exceed the greater of (i) $50.0 million and (ii) 2.0% of Consolidated Total Assets; provided that if an Investment made pursuant to this clause (20) is made in any
Person that is not a Restricted Subsidiary of the Company at the date of the making of the Investment and such Person becomes a Restricted Subsidiary after such date, such Investment will thereafter be deemed to have been made pursuant to clause
(1) above and shall cease to have been made pursuant to this clause (20); 
 (21) contributions to a “rabbi”
trust for the benefit of employees or other grantor trust subject to claims of creditors in the case of a bankruptcy of the Company or any Restricted Subsidiary; 

(22) Investments arising in connection with the purchase and sale of marketable securities to facilitate the repatriation of
earnings by Foreign Subsidiaries and Investments arising in connection with the payment of intercompany and other obligations incurred in the ordinary course of business by the Company or any Restricted Subsidiary that are not United States persons;

  
 22 

 (23) acquisition of Capital Stock in connection with the satisfaction or
enforcement of Indebtedness or claims due or owing to the Company or any of the Restricted Subsidiaries or as security for any such Indebtedness or claim; 

(24) Investments consisting of Permitted Liens; 

(25) Investments in connection with reorganizations and other activities related to tax planning and reorganization, so long
as after giving effect thereto, the Guarantees under the Note Guarantees, taken as a whole, are not materially impaired; and 

(26) Investments entered into by an Unrestricted Subsidiary prior to the date such Unrestricted Subsidiary is redesignated as
a Restricted Subsidiary pursuant to Section 4.17; provided that such Investment was not entered into in contemplation of such Unrestricted Subsidiary becoming a Restricted Subsidiary. 

“Permitted Liens” means: 

(1) Liens securing Indebtedness of the Company or any Restricted Subsidiary incurred pursuant to Section 4.09(b)(1); 

(2) Liens in favor of the Issuers or the Guarantors; 

(3) Liens on property of a Person existing at the time such Person is merged with or into or consolidated with or becomes a
Restricted Subsidiary of the Company or any Restricted Subsidiary of the Company; provided that such Liens were not entered into in contemplation of such merger or consolidation and do not extend to any assets other than those of the Person
merged into or consolidated with the Company or such Subsidiary; 
 (4) Liens on property existing at the time of
acquisition thereof by the Company or any Restricted Subsidiary of the Company; provided that such Liens were not entered into in contemplation of such acquisition and only extend to the property so acquired; 

(5) Liens on assets of non-Guarantor Foreign Subsidiaries securing Indebtedness of non-Guarantor Foreign Subsidiaries; 
 (6) Liens to secure Indebtedness (including any
Capital Lease Obligations) permitted by Section 4.09(b)(4), covering only the assets financed with such Indebtedness and additions and improvements thereon; 

(7) Liens existing on the Issue Date securing Existing Indebtedness; 

(8) Liens for taxes, assessments or governmental charges or levies or other statutory obligations that are not yet delinquent
or that are being contested in good faith by appropriate proceedings, provided that any reserve or other appropriate provision as shall be required in conformity with GAAP shall have been made therefor; 

(9) Carriers’, warehousemen’s, landlords’, mechanics’, contractors’, materialmen’s,
repairmen’s or other like Liens imposed by law incurred or arising in the ordinary course of business or consistent with past practice, in each case for sums not yet overdue for a period of more than 60 days or if more than 60 days overdue, are
unfiled and no action has been taken to enforce such Liens, or that are being contested in good faith by appropriate proceedings (provided 

  
 23 

 
that adequate reserves with respect to such proceedings are maintained in conformity with GAAP); 

(10) pledges or deposits made in connection with workers’ compensation, unemployment insurance and other types of social
security or similar legislation, or pledges and deposits securing liability for reimbursement or indemnification obligations, including obligations in respect of letters of credit, surety bonds or bank guarantees for the benefit of insurance
carriers providing property, casualty or liability insurance, of the Company or any Restricted Subsidiary of the Company, in each case incurred in the ordinary course of business or consistent with past practice; 

(11) Liens incurred in connection with, or deposits by the Company or any Restricted Subsidiary of the Company to secure, the
performance of self-insurance obligations solely in the case of such self-insurance obligations, if and to the extent required by applicable requirements of law, supply chain financing arrangements, bids, trade contracts and governmental contracts
other than Indebtedness for borrowed money, leases, statutory obligations, surety, stay, customs and appeal bonds, performance and/or return of money bonds, completion guarantees and other obligations of a like nature including those to secure
health and safety or environmental obligations and guarantee obligations, letters of credit, indemnities including through cash collateralization, surety bonds, performance bonds and similar instruments supporting such obligations; 

(12) judgment Liens not giving rise to a Default or an Event of Default; 

(13) Liens on (i) the assets of a Restricted Subsidiary of the Company that is not a Guarantor (other than the Issuers)
securing Indebtedness of that Restricted Subsidiary; provided that such Indebtedness was permitted to be incurred by Section 4.09 and (ii) liens on the Capital Stock of a Restricted Subsidiary of the Company that is not a Guarantor
or joint ventures, securing Indebtedness of such non-Guarantors or joint ventures permitted to be incurred by Section 4.09; 

(14) easements, rights-of-way, covenants,
conditions and restrictions, trackage rights, restrictions including zoning restrictions, encroachments, protrusions and other similar charges or encumbrances and title defects affecting real property which, in the aggregate, do not materially
adversely affect the value of said property or interfere in any material respect with the ordinary conduct of the business of the Company and its Restricted Subsidiaries, taken as a whole; 

(15) any interest or title of a lessor under any capital lease or operating lease; provided that such Liens do not
extend to any property or assets which is not leased property subject to such lease; 
 (16) Liens in favor of custom and
revenue authorities arising as a matter of law to secure payment of non-delinquent customs duties in connection with the importation of goods; 

(17) Liens securing reimbursement obligations with respect to letters of credit or bankers’ acceptances incurred in
accordance with this Indenture which encumber documents and other property relating to such letters of credit or bankers’ acceptances and products and proceeds thereof; 

  
 24 

 (18) Liens arising from Uniform Commercial Code financing statements, PPSA
financing statements or similar public filings regarding operating leases entered into by the Company and its Restricted Subsidiaries in the ordinary course of business or consistent with past practice; 

(19) leases or subleases, licenses or sublicenses, granted to others not interfering in any material respect with the business
of the Company or any Restricted Subsidiary of the Company; 
 (20) Liens arising out of conditional sale, consignment,
title retention or similar arrangements for the sale of goods entered into by the Company or any of its Restricted Subsidiaries in the ordinary course of business or consistent with past practice; 

(21) Liens (i) of a collection bank arising under Section 4-210 of the
Uniform Commercial Code on items in the course of collection; (ii) attaching to commodity trading accounts or other commodity brokerage accounts incurred in the ordinary course of business; and (iii) in favor of banking institutions
arising as a matter of law encumbering deposits (including the right of set-off) and which are within the general parameters customary in the banking industry; 

(22) Liens securing Permitted Refinancing Indebtedness which is incurred to refinance, renew, replace, defease or discharge
any Refinanced Indebtedness which has been secured by a Lien permitted under this Indenture and which has been incurred in accordance with the provisions of this Indenture; provided, however, that such Liens: (i) are no less
favorable to the Holders in any material respect and are not more favorable to the lienholders in any material respect with respect to such Liens than the Liens in respect of such Refinanced Indebtedness; and (ii) do not extend to or cover any
property or assets of the Company or any of its Restricted Subsidiaries not securing such Refinanced Indebtedness; 
 (23)
Liens upon specific items of inventory or other goods and proceeds of any Person securing such Person’s obligations in respect of bankers’ acceptances issued or created for the account of such Person to facilitate the purchase, shipment or
storage of such inventory or other goods; 
 (24) Liens securing Hedging Obligations; 

(25) Liens on Receivables Program Assets securing Receivables Program Obligations; 

(26) deposits made in the ordinary course of business to secure liability to insurance carriers; 

(27) Liens under licensing agreements for use of intellectual property entered into in the ordinary course of business or
consistent with past practice; 
 (28) Liens incurred to secure cash management services and other bank products in the
ordinary course of business or consistent with past practice; 
 (29) Liens on property or assets used to defease or to
satisfy and discharge Indebtedness; provided that such defeasance or satisfaction and discharge is not prohibited by this Indenture; 

(30) Liens solely on any cash earnest money deposits made by the Company or any of its Restricted Subsidiaries in connection
with any letter of intent or purchase agreement; 

  
 25 

 (31) Liens incurred on assets or property of the Company or any Restricted
Subsidiary of the Company with respect to Obligations that do not exceed the greater of (i) $100.0 million and 4.0% of Consolidated Total Assets (determined as of the date of any incurrence); 

(32) Liens deemed to exist in connection with Investments in repurchase agreements; provided, that such Liens do not
extend to any assets other than those assets that are the subject of such repurchase agreement, and (ii) reasonable customary initial deposits and margin deposits and similar Liens attaching to brokerage accounts maintained in the ordinary
course of business or consistent with past practice and not for speculative purpose; 
 (33) Liens that are customary
contractual rights of setoff relating to purchase orders and other agreements entered into with customers of the Company or any Restricted Subsidiary in the ordinary course of business or consistent with past practice; 

(34) Liens securing obligations (other than obligations representing Indebtedness for borrowed money) under operating,
reciprocal easement or similar agreements entered into in the ordinary course of business or consistent with past practice of the Company or any Restricted Subsidiary; 

(35) ground leases in respect of real property on which facilities owned or leased by the Company or any Restricted Subsidiary
of the Company are located; 
 (36) Liens on margin stock; 

(37) Liens securing obligations in respect of trade-related letters of credit permitted and incurred in the ordinary course of
business or consistent with past practice of the Company or any Restricted Subsidiary of the Company and covering the goods or the documents of title in respect of such goods financed by such letters of credit and the proceeds and products thereof;

 (38) Liens on property rented to, or leased by, the Company or any Restricted Subsidiary pursuant to a Sale and Leaseback
Transaction; provided, that (i) such Sale and Leaseback Transaction constitutes Permitted Debt, (ii) such Liens do not encumber any other property of the Company or the Restricted Subsidiaries and the proceeds and products of and
accessions to such property, and (iii) such Liens secure only the present value (discounted at a rate equivalent to the Company’s then current weighted average cost of funds for borrowed money as at the time of determination, compounded on
a semi-annual basis) of the total obligations of the lessee for rental payments during the remaining term of the lease included in any such Sale and Leaseback Transaction; and 

(39) Liens securing obligations in respect of any Indebtedness permitted to be incurred pursuant to Section 4.09;
provided that, with respect to Liens securing obligations permitted under this clause (39), at the time of incurrence and after giving Pro Forma Effect thereto, the Senior Secured Leverage Ratio does not exceed 1:50:1.00;
provided that any cash proceeds of any new Indebtedness then being incurred shall not be netted from the numerator in the Senior Secured Leverage Ratio for purposes of calculating the Senior Secured Leverage Ratio under this clause
(39) for purposes of determining whether such Liens can be incurred. 
 During any Suspension Period, the relevant clauses of
Section 4.09 shall be deemed to be in effect solely for purposes of determining the amount available under clause (7) above. 

  
 26 

 “Permitted Refinancing Indebtedness” means any Indebtedness of the Company
or any of its Restricted Subsidiaries issued in exchange for, or the net proceeds of which are used to extend, refinance, refund, renew, replace, defease or discharge other Indebtedness of the Company or any of its Restricted Subsidiaries (other
than intercompany Indebtedness) (such other Indebtedness, “Refinanced Indebtedness”); provided that: 

(1) the principal amount (or accreted value, if applicable) of such Permitted Refinancing Indebtedness does not exceed the
principal amount of (or accreted value, if applicable), plus accrued interest on, the Refinanced Indebtedness (plus the amount of reasonable fees and expenses incurred in connection therewith including premiums paid, if any, to the holders thereof
and upfront fees and original issue discount on such refinancing Indebtedness); 
 (2) such Permitted Refinancing
Indebtedness has a Weighted Average Life to Maturity equal to or greater than the Weighted Average Life to Maturity of the Refinanced Indebtedness; 

(3) if the Refinanced Indebtedness is contractually subordinated in right of payment to the Notes, such Permitted Refinancing
Indebtedness is contractually subordinated in right of payment to, the Notes on terms at least as favorable to the Holders of Notes as those contained in the documentation governing the Refinanced Indebtedness; 

(4) such Permitted Refinancing Indebtedness is incurred either by the Company or by the Restricted Subsidiary who is the
obligor on the Refinanced Indebtedness; and 
 (5) (a) if the Stated Maturity of the Indebtedness being refinanced is
earlier than the Stated Maturity of the Notes, the Permitted Refinancing Indebtedness has a Stated Maturity no earlier than the Stated Maturity of the Refinanced Indebtedness or (b) if the Stated Maturity of the Refinanced Indebtedness is later
than the Stated Maturity of the Notes, the Permitted Refinancing Indebtedness has a Stated Maturity at least 91 days later than the Stated Maturity of the Notes. 

“Person” means any individual, corporation, company, limited liability company, partnership, exempted limited partnership,
joint venture, association, joint-stock company, trust, estate or unincorporated organization or government or any agency or political subdivision thereof or any other entity (including any subdivision or ongoing business of any such entity, or
substantially all of the assets of any such entity, subdivision or business). Any division of a limited liability company shall constitute a separate Person hereunder (and each division of any limited liability company that is a Subsidiary,
Restricted Subsidiary, Unrestricted Subsidiary, joint venture or any other like term shall also constitute such a Person or entity). 

“Private Placement Legend” means the legend set forth in Section 2.06(f)(1) to be placed on all Notes issued under this
Indenture except where otherwise permitted by the provisions of this Indenture. 
 “Pro Forma Basis” and “Pro Forma
Effect” means, with respect to compliance with any test or covenant or calculation of any ratio hereunder, the determination or calculation of such test, covenant or ratio in accordance with the provisions set forth in the definition of
“Fixed Charge Coverage Ratio” and Section 4.15. 
 “Purchase Money Note” means a promissory note evidencing
the obligation of a Receivables Subsidiary or a Special Purpose Vehicle to pay the purchase price for Receivables or other Indebtedness to the Company or to any Restricted Subsidiary (or to a Receivables Subsidiary in the case of a transfer to a
Special Purpose Vehicle) in connection with a Qualified Receivables Transaction, which note shall be repaid from cash available to the maker of such note, other than cash required to be held as reserves

  
 27 

 
pursuant to Receivables Documents, amounts paid in respect of interest, principal and other amounts owing under Receivables Documents and amounts paid in connection with the purchase of newly
generated Receivables. 
 “QIB” means a “qualified institutional buyer” as defined in Rule 144A. 

“Qualified Capital Stock” means any Capital Stock that is not Disqualified Stock. 

“Qualified Receivables Transaction” means any transaction or series of transactions that may be entered into by the Company
or any Restricted Subsidiary of the Company pursuant to which the Company or any such Restricted Subsidiary may sell, convey or otherwise transfer to a Receivables Subsidiary (in the case of a transfer by the Company or any of its Restricted
Subsidiaries) and any other Person (in the case of a transfer by a Receivables Subsidiary), or may grant a security interest in, any Receivables Program Assets (whether existing on the Issue Date or arising thereafter); provided that: 

(1) no portion of the Indebtedness or any other Obligations (contingent or otherwise) of a Receivables Subsidiary or Special
Purpose Vehicle 
 (i) is Guaranteed by the Company or any of its Restricted Subsidiaries (other than a Receivables
Subsidiary), excluding Guarantees of Obligations pursuant to Standard Securitization Undertakings, 
 (ii) is recourse to or
obligates the Company or any of its Restricted Subsidiaries (other than a Receivables Subsidiary) in any way other than pursuant to Standard Securitization Undertakings, or 

(iii) subjects any property or asset of the Company or any of its Restricted Subsidiaries (other than a Receivables
Subsidiary), directly or indirectly, contingently or otherwise, to the satisfaction of Obligations incurred in such transactions, other than pursuant to Standard Securitization Undertakings; 

(2) neither the Company nor any of its Restricted Subsidiaries (other than a Receivables Subsidiary) has any material
contract, agreement, arrangement or understanding with a Receivables Subsidiary or a Special Purpose Vehicle (except in connection with a receivables securitization facility) other than on terms no less favorable to the Company or such Restricted
Subsidiary than those that might be obtained at the time from Persons that are not Affiliates of the Company; and 
 (3) the
Company and its Restricted Subsidiaries (other than a Receivables Subsidiary) do not have any obligation to maintain or preserve the financial condition of a Receivables Subsidiary or a Special Purpose Vehicle or cause such entity to achieve certain
levels of operating results other than Standard Securitization Undertakings. 
 “Rating Agency” means each of S&P and
Moody’s, or if S&P or Moody’s or both shall not make a rating on the Notes publicly available (for reasons outside the control of the Company), a statistical rating agency or agencies, as the case may be, nationally recognized in the
United States and selected by the Company (as certified by a resolution of the Board of Directors) which shall be substituted for S&P’s or Moody’s, or both, as the case may be. 

“Receivables” means all rights of the Company or any of its Restricted Subsidiaries (other than a Receivables Subsidiary) to
payments (whether constituting accounts, chattel paper, instruments, general 

  
 28 

 
intangibles or otherwise, and including the right to payment of any interest or finance charges), which rights are identified in the accounting records of the Company or such Restricted
Subsidiary as accounts receivable. 
 “Receivables Documents” means: 

(1) one or more receivables purchase agreements, pooling and servicing agreements, credit agreements, agreements to acquire
undivided interests or other agreements to transfer or obtain loans or advances against, or create a security interest in, Receivables Program Assets, in each case as amended, modified, supplemented or restated and in effect from time to time and
entered into by the Company, a Restricted Subsidiary and/or a Receivables Subsidiary, and 
 (2) each other instrument,
agreement and other document entered into by the Company, a Restricted Subsidiary or a Receivables Subsidiary relating to the transactions contemplated by the agreements referred to in clause (1) above, in each case as amended, modified,
supplemented or restated and in effect from time to time. 
 “Receivables Program Assets” means: 

(1) all Receivables which are described as being transferred by the Company, a Restricted Subsidiary or a Receivables
Subsidiary pursuant to the Receivables Documents; 
 (2) all Receivables Related Assets; and 

(3) all collections (including recoveries) and other proceeds of the assets described in the foregoing clauses. 

“Receivables Program Obligations” means: 

(1) Indebtedness and other Obligations owing in respect of notes, trust certificates, undivided interests, partnership
interests or other interests sold, issued and/or pledged, or otherwise incurred, in connection with a Qualified Receivables Transaction; and 

(2) related obligations of the Company, a Subsidiary of the Company or a Special Purpose Vehicle (including, without
limitation, Standard Securitization Undertakings). 
 “Receivables Related Assets” means: 

(1) any rights arising under the documentation governing or relating to Receivables (including rights in respect of Liens
securing such Receivables and other credit support in respect of such Receivables); 
 (2) any proceeds of such Receivables
and any lockboxes or accounts in which such proceeds are deposited; 
 (3) spread accounts and other similar accounts (and
any amounts on deposit therein) established in connection with a Qualified Receivables Transaction; 
 (4) any warranty,
indemnity, dilution and other intercompany claim arising out of Receivables Documents; and 

  
 29 

 (5) other assets which are customarily transferred or in respect of which
security interests are customarily granted in connection with asset securitization transactions involving accounts receivable. 

“Receivables Repurchase Obligation” means any obligation of the Company or a Restricted Subsidiary (other than a Receivables
Subsidiary) in a Qualified Receivables Transaction to repurchase receivables arising as a result of a breach of a representation, warranty or covenant or otherwise, including as a result of a receivable or portion thereof becoming subject to any
asserted defense, dispute, off-set or counterclaim of any kind as a result of any action taken by, any failure to take action by or any other event relating to the Company or a Restricted Subsidiary (other
than a Receivables Subsidiary). 
 “Receivables Subsidiary” means a special purpose Wholly Owned Restricted Subsidiary of
the Company created in connection with the transactions contemplated by a Qualified Receivables Transaction, which Restricted Subsidiary engages in no activities other than those incidental to such Qualified Receivables Transaction and which is
designated as a Receivables Subsidiary by the Company’s Board of Directors. Any such designation by the Board of Directors shall be evidenced by filing with the Trustee a Board Resolution of the Company giving effect to such designation and an
Officer’s Certificate certifying, to the best of such Officer’s knowledge and belief after consulting with counsel, such designation, and the transactions in which the Receivables Subsidiary will engage, comply with the requirements of the
definition of Qualified Receivables Transaction. 
 “Regulation S” means Regulation S promulgated under the Securities Act.

 “Regulation S Global Note” means a Global Note substantially in the form of Exhibit A hereto bearing the Global Note
Legend and the Private Placement Legend and deposited with or on behalf of and registered in the name of the Depositary or its nominee, issued in a denomination equal to the outstanding principal amount of the Notes sold in reliance on Rule 903 of
Regulation S. 
 “Related Business” means the business conducted by the Company and its Subsidiaries as of the Issue Date
and any and all businesses that in the good faith judgment of the Board of Directors of the Company are similar or reasonably related, ancillary or complementary thereto or reasonable extensions thereof. 

“Responsible Officer,” shall mean, when used with respect to the Trustee, any officer within the corporate
trust department of the Trustee, including any vice president, assistant vice president, assistant secretary, assistant treasurer, trust officer or any other officer of the Trustee who customarily performs functions similar to those performed by the
persons who at the time shall be such officers, respectively, or to whom any corporate trust matter is referred because of such person’s knowledge of and familiarity with the particular subject and who shall have direct responsibility for the
administration of this Indenture. 
 “Restricted Asset Sale Proceeds” means in respect of an Asset Sale consummated by a
Foreign Subsidiary, an amount equal to the Net Proceeds attributable thereto if and solely to the extent that the repatriation of such Net Proceeds to the Company or any of its Subsidiaries, or the inclusion of such Net Proceeds in the calculation
of Net Proceeds Offer Amount, (a) would result in material adverse tax consequences to the Company or any Subsidiary of the Company, as reasonably determined by the Company or (b) would be prohibited or restricted by applicable law, rule
or regulation, in each case as determined in good faith by the Company. 
 “Restricted Definitive Note” means a Definitive
Note bearing the Private Placement Legend. 
 “Restricted Global Note” means a Global Note bearing the Private Placement
Legend. 

  
 30 

 “Restricted Investment” means an Investment other than a Permitted
Investment. 
 “Restricted Period” means the 40-day distribution compliance period
as defined in Regulation S. 
 “Restricted Subsidiary” of a Person means any Subsidiary of the referent Person that is not
an Unrestricted Subsidiary. 
 “Rule 144” means Rule 144 promulgated under the Securities Act. 

“Rule 144A” means Rule 144A promulgated under the Securities Act. 

“Rule 903” means Rule 903 promulgated under the Securities Act. 

“Rule 904” means Rule 904 promulgated under the Securities Act. 

“S&P” means Standard & Poor’s Rating Services, a division of McGraw Hill, Inc., a New York corporation, or
any successor rating agency. 
 “Sale and Leaseback Transaction” means with respect to any Person an arrangement with any
bank, insurance company or other lender or investor or to which such lender or investor is a party, providing for the leasing by such Person of any asset of such Person which has been or is being sold or transferred by such Person to such lender or
investor or to any Person to whom funds have been or are to be advanced by such lender or investor on the security of such asset. 

“SEC” means the Securities and Exchange Commission. 

“Securities Act” means the Securities Act of 1933, as amended. 

“Senior Secured Indebtedness” means, as of any date of determination, the aggregate principal amount of all funded
Indebtedness for borrowed money (other than Subordinated Indebtedness) that is secured by a Lien on any asset or property of the Company or any Restricted Subsidiary. For avoidance of doubt, issued but undrawn letters of credit and undrawn capacity
under any revolving credit facility are not funded Indebtedness for borrowed money, but all Indebtedness incurred pursuant to Section 4.09(b)(1) (other than any unsecured Indebtedness that, as of such date of determination, has been
reclassified as incurred pursuant to another clause of the definition of Permitted Debt or Section 4.09(a)) will be deemed to be secured for purposes of calculating the Senior Secured Leverage Ratio. 

“Senior Secured Leverage Ratio” means, with respect to any specified Person for any period, the ratio of (i) Senior
Secured Indebtedness of such Person (net of any unrestricted cash and Cash Equivalents of the Company and its Restricted Subsidiaries, excluding any cash proceeds from an incurrence of Indebtedness on the Senior Secured Leverage Ratio Calculation
Date (as defined below)) on such date to Consolidated EBITDA for the period of four consecutive fiscal quarters for which internal financial statements are available immediately preceding the date of the event for which the calculation of the Senior
Secured Leverage Ratio is made (for purposes of this definition, the “Senior Secured Leverage Ratio Reference Period”); provided the aggregate amount of all unrestricted cash and Cash Equivalents to be “netted” for
all purposes hereunder with respect to the definition of “Senior Secured Total Leverage Ratio” shall not exceed $250.0 million. In the event that the specified Person or any of its Restricted Subsidiaries incurs, assumes, Guarantees,
repays, repurchases, redeems, defeases or otherwise discharges any funded Indebtedness for borrowed money (other than ordinary working capital borrowings) or issues, repurchases or redeems preferred stock, in each case, subsequent to the
commencement of the Senior Secured Leverage Ratio Reference Period and on or prior to the date of the event for which the 

  
 31 

 
calculation of the Senior Secured Leverage Ratio is made (for purposes of this definition, the “Senior Secured Leverage Ratio Calculation Date”), then the Senior Secured Leverage
Ratio shall be calculated giving pro forma effect to such incurrence, assumption, Guarantee, repayment, repurchase, redemption, defeasance or other discharge of funded Indebtedness for borrowed money, or such issuance, repurchase or redemption of
preferred stock, and the use of the proceeds therefrom, as if the same had occurred at the beginning of the Senior Secured Leverage Ratio Reference Period. In addition, the Senior Secured Leverage Ratio shall be determined with such pro forma
adjustments as are consistent with the pro forma adjustment provisions set forth in the definition of Fixed Charge Coverage Ratio. 

“Significant Subsidiary” means (1) any Subsidiary that would be a “significant subsidiary” as defined in
Article 1, Rule 1-02 of Regulation S-X, promulgated pursuant to the Exchange Act, as such Regulation is in effect on the date hereof and (2) any Restricted
Subsidiary that when aggregated with all other Restricted Subsidiaries that are not otherwise Significant Subsidiaries would constitute a Significant Subsidiary under clause (1) of this definition. 

“Special Purpose Vehicle” means a trust, partnership or other special purpose Person established by the Company and/or any of
its Restricted Subsidiaries to implement a Qualified Receivables Transaction. 
 “Standard Securitization Undertakings”
means representations, warranties, covenants, performance guarantees and indemnities entered into by the Company or any Subsidiary of the Company which, in the good faith judgment of the Board of Directors of the appropriate company, are reasonably
customary in an accounts receivable transaction and includes, without limitation, any Receivables Repurchase Obligation. 
 “Stated
Maturity” means, with respect to any installment of interest or principal on any series of Indebtedness, the date on which such payment of interest or principal was scheduled to be paid in the original documentation governing such
Indebtedness, and shall not include any contingent obligations to repay, redeem or repurchase any such interest or principal prior to the date originally scheduled for the payment thereof. 

“Subordinated Indebtedness” means Indebtedness that is contractually subordinated in right of payment to the Notes or the
Note Guarantees. 
 “Subsidiary” means, with respect to any Person: 

(1) any corporation, association or other business entity (other than a partnership) of which more than 50% of the total
voting power of shares of Capital Stock entitled (without regard to the occurrence of any contingency) to vote in the election of directors, managers or trustees thereof is at the time owned or controlled, directly or indirectly, by such Person or
one or more of the other Subsidiaries of such Person (or a combination thereof); and 
 (2) any partnership (a) the
sole general partner or the managing general partner of which is such Person or a Subsidiary of such Person or (b) the only general partners of which are such Person or of one or more Subsidiaries of such Person (or any combination thereof).

 “Subsidiary Guarantor” means any Guarantor other than the Company. The Subsidiary Guarantors on the Issue Date shall be
HLF Financing US, LLC, HV Holdings Ltd., WH Intermediate Holdings Ltd., HBL Luxembourg Holdings S.a.R.L., WH Luxembourg Holdings S.a.R.L., HLF Luxembourg Holdings, Inc., WH Capital Corporation, WH Luxembourg Intermediate Holdings S.a.R.L., LLC,
Herbalife International Luxembourg S.a.R.L., Herbalife International do Brasil Ltda., Herbalife 

  
 32 

 
Korea Co., Ltd., Herbalife International of Europe, Inc., Herbalife International of America, Inc., Herbalife Taiwan, Inc., Herbalife International (Thailand) Ltd., Herbalife Manufacturing LLC,
Herbalife Venezuela Holdings LLC, Herbalife VH Intermediate International, LLC and Herbalife VH International LLC. 
 “Total
Leverage Ratio” means, with respect to any specified Person for any period, the ratio of funded Indebtedness for borrowed money of such Person (net of any unrestricted cash and Cash Equivalents of the Company and its Restricted
Subsidiaries, excluding any cash proceeds from an incurrence of Indebtedness on the Total Leverage Ratio Calculation Date (as defined below)) on such date to (ii) Consolidated EBITDA for the period of four consecutive fiscal quarters for which
internal financial statements are available immediately preceding the date of the event for which the calculation of the Total Leverage Ratio is made (for purposes of this definition, the “Total Leverage Ratio Reference Period”);
provided the aggregate amount of all unrestricted cash and Cash Equivalents to be “netted” for all purposes hereunder with respect to the definition of “Total Leverage Ratio” shall not exceed $250.0 million. In the
event that the specified Person or any of its Restricted Subsidiaries incurs, assumes, Guarantees, repays, repurchases, redeems, defeases or otherwise discharges any funded Indebtedness for borrowed money (other than ordinary working capital
borrowings) or issues, repurchases or redeems preferred stock, in each case, subsequent to the commencement of the Total Leverage Ratio Reference Period and on or prior to the date of the event for which the calculation of the Total Leverage Ratio
is made (for purposes of this definition, the “Total Leverage Ratio Calculation Date”), then the Total Leverage Ratio shall be calculated giving pro forma effect to such incurrence, assumption, Guarantee, repayment, repurchase, redemption,
defeasance or other discharge of funded Indebtedness for borrowed money, or such issuance, repurchase or redemption of preferred stock, and the use of the proceeds therefrom, as if the same had occurred at the beginning of the Total Leverage Ratio
Reference Period. In addition, the Total Leverage Ratio shall be determined with such pro forma adjustments as are consistent with the pro forma adjustment provisions set forth in the definition of Fixed Charge Coverage Ratio. 

“Treasury Rate” means, as of any redemption date, the yield to maturity as of the earlier of (a) such redemption date or
(b) the date on which the Notes are defeased or satisfied and discharged, of United States Treasury securities with a constant maturity (as compiled and published in the most recent Federal Reserve Statistical Release H.15 (519) that has become
publicly available at least two Business Days prior to the redemption date (or, if such Statistical Release is no longer published, any publicly available source of similar market data)) most nearly equal to the period from the redemption date to
August 15, 2021; provided, however, that if the period from the redemption date to August 15, 2021 is less than one year, the weekly average yield on actively traded United States Treasury securities adjusted to a constant
maturity of one year will be used. 
 “Trustee” means MUFG Union Bank, N.A., until a successor replaces it in accordance
with the applicable provisions of this Indenture and thereafter means the successor serving hereunder. 
 “Unrestricted Definitive
Note” means a Definitive Note that does not bear and is not required to bear the Private Placement Legend. 
 “Unrestricted
Global Note” means a Global Note that does not bear and is not required to bear the Private Placement Legend. 

“Unrestricted Subsidiary” means any Subsidiary of the Company that is designated by the Board of Directors as an Unrestricted
Subsidiary in accordance with Section 4.17, but only to the extent that such Subsidiary: 
 (1) has no Indebtedness
other than Non-Recourse Debt; 

  
 33 

 (2) is not party to any agreement, contract, arrangement or understanding
with the Company or any Restricted Subsidiary of the Company unless the terms of any such agreement, contract, arrangement or understanding are no less favorable to the Company or such Restricted Subsidiary than those that might be obtained at the
time from Persons who are not Affiliates of the Company; 
 (3) is a Person with respect to which neither the Company nor
any of its Restricted Subsidiaries has any direct or indirect obligation (a) to subscribe for additional Equity Interests or (b) to maintain or preserve such Person’s financial condition or to cause such Person to achieve any
specified level of operating results; and 
 (4) has not guaranteed or otherwise directly or indirectly provided credit
support for any Indebtedness of the Company or any of its Restricted Subsidiaries unless such Guarantee or credit support is released upon its designation as an Unrestricted Subsidiary. 

“U.S. Dollar Equivalent” means, with respect to any monetary amount in a currency other than U.S. dollars,
at any time for determination thereof, the amount of U.S. dollars obtained by converting such foreign currency involved in such computation into U.S. dollars at the spot rate for the purpose of U.S. dollars with the applicable foreign currency as
published in The Wall Street Journal in the “Exchange Rates” column under the heading “Currency Trading” on the date two Business Days prior to such determination. 

“U.S. Government Obligations” means direct non-callable Obligations of, or Guaranteed
as to full and timely payment by, the United States of America for the payment of which Guarantee or Obligations the full faith and credit of the United States is pledged. 

“U.S. Person” means a U.S. Person as defined in Rule 902(k) promulgated under the Securities Act. 

“Voting Stock” of any Person as of any date means the Capital Stock of such Person that is at the time entitled to vote in
the election of the Board of Directors of such Person. 
 “Weighted Average Life to Maturity” means, when applied to any
Indebtedness at any date, the number of years obtained by dividing: 
 (1) the sum of the products obtained by multiplying
(a) the amount of each then remaining installment, sinking fund, serial maturity or other required payments of principal, including payment at final maturity, in respect thereof, by (b) the number of years (calculated to the nearest one-twelfth) that will elapse between such date and the making of such payment; by 
 (2)
the then outstanding principal amount of such Indebtedness. 
 “Wholly Owned Restricted Subsidiary” of any Person means a
Restricted Subsidiary of such Person all of the outstanding Capital Stock or other ownership interests of which (other than directors’ qualifying shares) shall at the time be owned by such Person and/or by one or more Wholly Owned Restricted
Subsidiaries of such Person. 

  
 34 

 Section 1.02       Other Definitions. 

 

					
	 Term
	  	Defined in
Section	 
	 “Automatic Exchange”
	  	 	2.06	 
	 “Automatic Exchange Date”
	  	 	2.06	 
	 “Automatic Exchange Notice”
	  	 	2.06	 
	 “Automatic Exchange Notice Date”
	  	 	2.06	 
	 “Affiliate Transaction”
	  	 	4.11	 
	 “Authentication Order”
	  	 	2.02	 
	 “Change of Control Offer”
	  	 	4.14	 
	 “Change of Control Payment”
	  	 	4.14	 
	 “Change of Control Payment Date”
	  	 	4.14	 
	 “Covenant Defeasance”
	  	 	8.03	 
	 “DTC”
	  	 	2.03	 
	 “Event of Default”
	  	 	6.01	 
	 “incur”
	  	 	4.09	 
	 “Legal Defeasance”
	  	 	8.02	 
	 “Net Proceeds Offer”
	  	 	4.10	 
	 “Net Proceeds Offer Amount”
	  	 	4.10	 
	 “Net Proceeds Offer Payment Date”
	  	 	4.10	 
	 “Net Proceeds Offer Trigger Date”
	  	 	4.10	 
	 “Pari Passu Indebtedness”
	  	 	4.10	 
	 “Paying Agent”
	  	 	2.03	 
	 “Payment Default”
	  	 	6.01	 
	 “Permitted Debt”
	  	 	4.09	 
	 “Purchase Date”
	  	 	3.09	 
	 “Registrar”
	  	 	2.03	 
	 “Reinstatement Date”
	  	 	4.18	 
	 “Restricted Payments”
	  	 	4.07	 
	 “Suspended Covenants”
	  	 	4.18	 
	 “Suspension Period”
	  	 	4.18	 

 Section 1.03         Rules of Construction. 

Unless the context otherwise requires: 

(1)         a term has the meaning assigned to it; 

(2)         an accounting term not otherwise defined has the meaning assigned to it in
accordance with GAAP; 
 (3)         “or” is not exclusive; 

(4)         words in the singular include the plural, and in the plural include the
singular; 
 (5)         “will” shall be interpreted to express a command;

 (6)         all section references contained herein will be deemed to be
references to sections of this Indenture, unless otherwise specified; 

  
 35 

 (7)        
provisions apply to successive events and transactions; and 

(8)         references to sections of or rules under the Securities
Act or the Exchange Act will be deemed to include substitute, replacement of successor sections or rules adopted by the SEC from time to time. 

ARTICLE 2 
 THE NOTES 

Section 2.01        Form and Dating. 

(a)         General. The Notes and the Trustee’s certificate of
authentication will be substantially in the form of Exhibit A hereto. The Notes may have notations, legends or endorsements required by law, stock exchange rule or usage. Each Note will be dated the date of its authentication. The Notes shall be in
denominations of $2,000 and integral multiples of $1,000 in excess thereof. 
 The terms and provisions contained in the
Notes will constitute, and are hereby expressly made, a part of this Indenture and the Issuers, the Guarantors and the Trustee, by their execution and delivery of this Indenture, expressly agree to such terms and provisions and to be bound thereby.
However, to the extent any provision of any Note conflicts with the express provisions of this Indenture, the provisions of this Indenture shall govern and be controlling. 

(b)         Global Notes. Notes issued in global form will be substantially in
the form of Exhibit A hereto (including the Global Note Legend thereon and the “Schedule of Exchanges of Interests in the Global Note” attached thereto). Notes issued in definitive form will be substantially in the form of Exhibit A hereto
(but without the Global Note Legend thereon and without the “Schedule of Exchanges of Interests in the Global Note” attached thereto). Each Global Note will represent such of the outstanding Notes as will be specified therein and each
shall provide that it represents the aggregate principal amount of outstanding Notes from time to time endorsed thereon and that the aggregate principal amount of outstanding Notes represented thereby may from time to time be reduced or increased,
as appropriate, to reflect exchanges, redemptions and transfers of interests. Any endorsement of a Global Note to reflect the amount of any increase or decrease in the aggregate principal amount of outstanding Notes represented thereby will be made
by the Trustee or the Custodian, at the direction of the Trustee, in accordance with instructions given by the Holder thereof as required by Section 2.06. 

(c)         Euroclear and Clearstream Procedures Applicable. The provisions of
the “Operating Procedures of the Euroclear System” and “Terms and Conditions Governing Use of Euroclear” and the “General Terms and Conditions of Clearstream Banking” and “Customer Handbook” of Clearstream
will be applicable to transfers of beneficial interests in the Regulation S Global Note that are held by Participants through Euroclear or Clearstream. 

Section 2.02         Execution and Authentication. 

At least one Officer must sign the Notes for each of the Issuers by manual or facsimile signature. 

If an Officer whose signature is on a Note no longer holds that office at the time a Note is authenticated, the Note will
nevertheless be valid. 
 A Note will not be valid until authenticated by the manual signature of the Trustee. The signature
will be conclusive evidence that the Note has been authenticated under this Indenture. 

  
 36 

 The Trustee will, upon receipt of one or more written orders of the Issuers
signed by at least one Officer of each of the Issuers (each an “Authentication Order”), authenticate Notes for original issue that may be validly issued under this Indenture, including any Additional Notes. The aggregate principal
amount of Notes outstanding at any time may not exceed the aggregate principal amount of Notes authorized for issuance by the Issuers pursuant to one or more Authentication Orders, except as provided in Section 2.07. 

The Trustee may appoint an authenticating agent acceptable to the Issuers to authenticate Notes. An authenticating agent may
authenticate Notes whenever the Trustee may do so. Each reference in this Indenture to authentication by the Trustee includes authentication by such agent. An authenticating agent has the same rights as an Agent to deal with Holders or an Affiliate
of the Issuers. 
 The Issuers will be responsible for making calculations called for under the Notes, including but not
limited to determination of redemption price, premium, if any, and any additional amounts or other amounts payable on the Notes. The Issuers will make the calculations in good faith and, absent manifest error, its calculations will be final and
binding on the Holders. The Issuers will provide a schedule of their calculations to the Trustee when requested by the Trustee, and the Trustee is entitled to rely conclusively on the accuracy of the Issuers’ calculations without independent
verification. 
 Section 2.03         Registrar and Paying Agent. 

The Issuers will maintain an office or agency where Notes may be presented for registration of transfer or for exchange
(“Registrar”) and an office or agency where Notes may be presented for payment (“Paying Agent”). The Registrar will keep a register of the Notes and of their transfer and exchange. The Issuers may appoint one or
more co-registrars and one or more additional paying agents. The term “Registrar” includes any co-registrar and the term “Paying Agent” includes any
additional paying agent. The Issuers may change any Paying Agent or Registrar without notice to any Holder. The Issuers will notify the Trustee in writing of the name and address of any Agent not a party to this Indenture. If the Issuers fail to
appoint or maintain another entity as Registrar or Paying Agent, the Trustee shall act as such. The Company, the Issuers or any of the Company’s other Subsidiaries may act as Paying Agent or Registrar. 

The Issuers initially appoint The Depository Trust Company (“DTC”) to act as Depositary with respect to the
Global Notes. 
 The Issuers initially appoint the Trustee to act as the Registrar and Paying Agent and to act as Custodian
with respect to the Global Notes. The Issuer has entered into a letter of representations with the Depositary in the form provided by the Depositary, and the Trustee and each Agent are hereby authorized to act in accordance with such letter and
Applicable Procedures. 
 Section 2.04         Paying Agent to Hold Money in Trust. 

The Issuers will require each Paying Agent other than the Trustee to agree in writing that the Paying Agent will hold in trust
for the benefit of Holders or the Trustee all money held by the Paying Agent for the payment of principal of, premium on, if any, or interest, if any, on, the Notes, and will notify the Trustee of any default by the Issuers in making any such
payment. While any such default continues, the Trustee may require a Paying Agent to pay all money held by it to the Trustee. The Issuers at any time may require a Paying Agent to pay all money held by it to the Trustee. Upon payment over to the
Trustee, the Paying Agent (if other than the Company, the Issuers or one of the Company’s other Subsidiaries) will have no further liability for the money. If the Company, the Issuers or one of the Company’s other subsidiaries acts as
Paying Agent, it will segregate and hold in a separate trust fund for the benefit of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the Issuers, the Trustee will serve as Paying Agent
for the Notes. 

  
 37 

 Section 2.05         Holder Lists. 

The Trustee will preserve in as current a form as is reasonably practicable the most recent list available to it of the names
and addresses of all Holders. If the Trustee is not the Registrar, the Issuers will furnish to the Trustee at least seven Business Days before each interest payment date and at such other times as the Trustee may request in writing, a list in such
form and as of such date as the Trustee may reasonably require of the names and addresses of the Holders of Notes. 

Section 2.06         Transfer and Exchange. 

(a)        Transfer and Exchange of Global Notes. A Global Note may not be
transferred except as a whole by the Depositary to a nominee of the Depositary, by a nominee of the Depositary to the Depositary or to another nominee of the Depositary, or by the Depositary or any such nominee to a successor Depositary or a nominee
of such successor Depositary. All Global Notes will be exchanged by the Issuers for Definitive Notes if: 

(1)         the Issuers deliver to the Trustee notice from the
Depositary that they are unwilling or unable to continue to act as Depositary or that it is no longer a clearing agency registered under the Exchange Act and, in either case, a successor Depositary is not appointed by the Issuers within 120 days
after the date of such notice from the Depositary; 
 (2)        
the Issuers in their sole discretion determine that the Global Notes (in whole but not in part) should be exchanged for Definitive Notes and delivers a written notice to such effect to the Trustee; or 

(3)         there has occurred and is continuing an Event of Default
with respect to the Notes and the Registrar or Trustee has received a request from the Depositary to issue such Definitive Notes. 

Upon the occurrence of any of the preceding events in (1), (2) or (3) above, Definitive Notes shall be issued in such
names as the Depositary shall instruct the Trustee. Global Notes also may be exchanged or replaced, in whole or in part, as provided in Sections 2.07 and 2.10. Every Note authenticated and delivered in exchange for, or in lieu of, a Global Note or
any portion thereof, pursuant to this Section 2.06 or Section 2.07 or 2.10, shall be authenticated and delivered in the form of, and shall be, a Global Note. A Global Note may not be exchanged for another Note other than as provided in
this Section 2.06(a), however, beneficial interests in a Global Note may be transferred and exchanged as provided in Section 2.06(b), (c) or (f). 

(b)         Transfer and Exchange of Beneficial Interests in the Global Notes.
The transfer and exchange of beneficial interests in the Global Notes will be effected through the Depositary, in accordance with the provisions of this Indenture and the Applicable Procedures. Beneficial interests in the Restricted Global Notes
will be subject to restrictions on transfer comparable to those set forth herein to the extent required by the Securities Act. Transfers of beneficial interests in the Global Notes also will require compliance with either subparagraph (1) or
(2) below, as applicable, as well as one or more of the other following subparagraphs, as applicable: 

(1)         Transfer of Beneficial Interests in the Same Global
Note. Beneficial interests in any Restricted Global Note may be transferred to Persons who take delivery thereof in the form of a beneficial interest in the same Restricted Global Note in accordance with the transfer restrictions set forth in
the Private Placement Legend; provided, however, that prior to the expiration of the Restricted Period, transfers of beneficial interests in the Regulation S Global Note may not be made 

  
 38 

 
to a U.S. Person or for the account or benefit of a U.S. Person (other than an Initial Purchaser). Beneficial interests in any Unrestricted Global Note may be transferred to Persons who take
delivery thereof in the form of a beneficial interest in an Unrestricted Global Note. No written orders or instructions shall be required to be delivered to the Registrar to effect the transfers described in this Section 2.06(b)(1). 

(2)         All Other Transfers and Exchanges of Beneficial
Interests in Global Notes. In connection with all transfers and exchanges of beneficial interests that are not subject to Section 2.06(b)(1) above, the transferor of such beneficial interest must deliver to the Registrar either: 

(A)         both: 

(i)          a written order from a Participant or an Indirect
Participant given to the Depositary in accordance with the Applicable Procedures directing the Depositary to credit or cause to be credited a beneficial interest in another Global Note in an amount equal to the beneficial interest to be transferred
or exchanged; and 
 (ii)       instructions given in accordance with the
Applicable Procedures containing information regarding the Participant account to be credited with such increase; or 

(B)          both: 

(i)          a written order from a Participant or an Indirect
Participant given to the Depositary in accordance with the Applicable Procedures directing the Depositary to cause to be issued a Definitive Note in an amount equal to the beneficial interest to be transferred or exchanged; and 

(ii)       instructions given by the Depositary to the Registrar containing
information regarding the Person in whose name such Definitive Note shall be registered to effect the transfer or exchange referred to in (1) above. 

Upon satisfaction of all of the requirements for transfer or exchange of beneficial interests in Global Notes contained in this Indenture and
the Notes or otherwise applicable under the Securities Act, the Trustee shall adjust the principal amount of the relevant Global Note(s) pursuant to Section 2.06(g). 

(3)         Transfer of Beneficial Interests to Another Restricted
Global Note. A beneficial interest in any Restricted Global Note may be transferred to a Person who takes delivery thereof in the form of a beneficial interest in another Restricted Global Note if the transfer complies with the requirements of
Section 2.06(b)(2) above and the Registrar receives the following: 

(A)         if the transferee will take delivery in the form of a
beneficial interest in the 144A Global Note, then the transferor must deliver a certificate in the form of Exhibit B hereto, including the certifications in item (1) thereof; 

(B)         if the transferee will take delivery in the form of a
beneficial interest in the Regulation S Global Note, then the transferor must deliver a certificate in the form of Exhibit B hereto, including the certifications in item (2) thereof; and 

  
 39 

 (C)         if the
transferee will take delivery in the form of a beneficial interest in the IAI Global Note, then the transferor must deliver a certificate in the form of Exhibit B hereto, including the certifications, certificates and Opinion of Counsel required by
item (3) thereof, if applicable. 
 (4)        Transfer and
Exchange of Beneficial Interests in a Restricted Global Note for Beneficial Interests in an Unrestricted Global Note. A beneficial interest in any Restricted Global Note may be exchanged by any holder thereof for a beneficial interest in an
Unrestricted Global Note or transferred to a Person who takes delivery thereof in the form of a beneficial interest in an Unrestricted Global Note if the exchange or transfer complies with the requirements of Section 2.06(b)(2) above and the
Registrar receives the following: 
 (A)         if the holder of
such beneficial interest in a Restricted Global Note proposes to exchange such beneficial interest for a beneficial interest in an Unrestricted Global Note, a certificate from such holder in the form of Exhibit C hereto, including the certifications
in item (1)(a) thereof; or 
 (B)         if the holder of such
beneficial interest in a Restricted Global Note proposes to transfer such beneficial interest to a Person who shall take delivery thereof in the form of a beneficial interest in an Unrestricted Global Note, a certificate from such holder in the form
of Exhibit B hereto, including the certifications in item (4) thereof; 
 and, in each such case set forth in this
subparagraph (4), if the Registrar so requests or if the Applicable Procedures so require, an Opinion of Counsel in form reasonably acceptable to the Registrar to the effect that such exchange or transfer is in compliance with the Securities Act and
that the restrictions on transfer contained herein and in the Private Placement Legend are no longer required in order to maintain compliance with the Securities Act. 

If any such transfer is effected pursuant to subparagraph (B) above at a time when an Unrestricted Global Note has not
yet been issued, the Issuers shall issue and, upon receipt of an Authentication Order in accordance with Section 2.02, the Trustee shall authenticate one or more Unrestricted Global Notes in an aggregate principal amount equal to the aggregate
principal amount of beneficial interests transferred pursuant to subparagraph (B) above. 
 Beneficial interests in an
Unrestricted Global Note cannot be exchanged for, or transferred to Persons who take delivery thereof in the form of, a beneficial interest in a Restricted Global Note. 

(5)         Automatic Exchange of Beneficial Interests in a
Restricted Global Note for Beneficial Interests in an Unrestricted Global Note. 
 Upon the Issuers’ satisfaction
that the Private Placement Legend shall no longer be required in order to maintain compliance with the Securities Act, beneficial interests in a Restricted Global Note may be automatically exchanged into beneficial interests in an Unrestricted
Global Note without any action required by or on behalf of the Holder (the “Automatic Exchange”) at any time on or after the date that is the 366th calendar day after (A) with respect to the Notes issued on the Issue Date, the Issue
Date or (B) with respect to Additional Notes, if any, the issue date of such Additional Notes, or, in each case, if such day is not a Business Day, on the next succeeding Business Day (the “Automatic Exchange Date”). Upon the
Issuers’ satisfaction that the Private Placement Legend shall no longer be required in order to maintain compliance with the Securities Act, the Issuers may, but shall not be obligated to, (i) provide written notice to the Trustee at least
10 calendar days prior to the Automatic Exchange, instructing the Trustee to direct 

  
 40 

 
the Depositary to exchange all of the outstanding beneficial interests in a particular Restricted Global Note to the Unrestricted Global Note, which the Issuers shall have previously otherwise
made eligible for exchange with the Depositary, (ii) provide prior written notice (the “Automatic Exchange Notice”) to each Holder at such Holder’s address appearing in the register of Holders at least 10 calendar days prior to
the Automatic Exchange (the “Automatic Exchange Notice Date”), which notice must include (w) the Automatic Exchange Date, (x) the section of this Indenture pursuant to which the Automatic Exchange shall occur, (y) the
“CUSIP” number of the Restricted Global Note from which such Holder’s beneficial interests will be transferred and the (z) “CUSIP” number of the Unrestricted Global Note into which such Holder’s beneficial interests
will be transferred, and (iii) on or prior to the date of the Automatic Exchange, deliver to the Trustee for authentication one or more Unrestricted Global Notes, duly executed by the Issuers, in an aggregate principal amount equal to the
aggregate principal amount of Restricted Global Notes to be exchanged. At the Isssuers’ request on no less than 5 calendar days’ notice, the Trustee shall deliver, in the Issuers’ name and at their expense, the Automatic Exchange
Notice to each Holder at such Holder’s address appearing in the register of Holders. Notwithstanding anything to the contrary in this Section 2.06, during the 10 day period between the Automatic Exchange Notice Date and the Automatic
Exchange Date, no transfers or exchanges other than pursuant to this Section 2.06(b)(5) shall be permitted without the prior written consent of the Issuers. As a condition to any Automatic Exchange, the Issuers shall provide, and the Trustee
shall be entitled to rely upon, an Officer’s Certificate in form reasonably acceptable to the Trustee to the effect that the Automatic Exchange shall be effected in compliance with the Securities Act and that the restrictions on transfer
contained herein and in the Private Placement Legend shall no longer be required in order to maintain compliance with the Securities Act and that the aggregate principal amount of the particular Restricted Global Note is to be transferred to the
particular Unrestricted Global Note by adjustment made on the records of the Trustee, as custodian for the Depositary to reflect the Automatic Exchange. Upon such exchange of beneficial interests pursuant to this Section 2.06(b)(5), the
aggregate principal amount of the Global Notes shall be increased or decreased by adjustments made on the records of the Trustee, as custodian for the Depositary, to reflect the relevant increase or decrease in the principal amount of such Global
Note resulting from the applicable exchange. The Restricted Global Note from which beneficial interests are transferred pursuant to an Automatic Exchange shall be canceled following the Automatic Exchange. 

(c)           Transfer or Exchange of Beneficial Interests for Definitive
Notes. 
 (1)          Beneficial Interests in
Restricted Global Notes to Restricted Definitive Notes. If any holder of a beneficial interest in a Restricted Global Note proposes to exchange such beneficial interest for a Restricted Definitive Note or to transfer such beneficial interest to
a Person who takes delivery thereof in the form of a Restricted Definitive Note, then, upon receipt by the Registrar of the following documentation: 

(A)         if the holder of such beneficial interest in a Restricted
Global Note proposes to exchange such beneficial interest for a Restricted Definitive Note, a certificate from such holder in the form of Exhibit C hereto, including the certifications in item (2)(a) thereof; 

(B)         if such beneficial interest is being transferred to a QIB
in accordance with Rule 144A, a certificate to the effect set forth in Exhibit B hereto, including the certifications in item (1) thereof; 

(C)         if such beneficial interest is being transferred to a Non-U.S. Person in an offshore transaction in accordance with Rule 903 or Rule 904, a certificate to the effect set forth in Exhibit B hereto, including the certifications in item (2) thereof; 

  
 41 

 (D)         if such
beneficial interest is being transferred pursuant to an exemption from the registration requirements of the Securities Act in accordance with Rule 144, a certificate to the effect set forth in Exhibit B hereto, including the certifications in item
(3)(a) thereof; 
 (E)         if such beneficial interest is being
transferred to an Institutional Accredited Investor in reliance on an exemption from the registration requirements of the Securities Act other than those listed in subparagraphs (B) through (D) above, a certificate to the effect set forth in
Exhibit B hereto, including the certifications, certificates and Opinion of Counsel required by item (3) thereof, if applicable; 

(F)         if such beneficial interest is being transferred to the
Company or any of its Subsidiaries, a certificate to the effect set forth in Exhibit B hereto, including the certifications in item (3)(b) thereof; or 

(G)         if such beneficial interest is being transferred pursuant
to an effective registration statement under the Securities Act, a certificate to the effect set forth in Exhibit B hereto, including the certifications in item (3)(c) thereof, 

the Trustee shall cause the aggregate principal amount of the applicable Global Note to be reduced accordingly pursuant to
Section 2.06(g), and the Issuers shall execute and the Trustee shall authenticate and deliver to the Person designated in the instructions a Definitive Note in the appropriate principal amount. Any Definitive Note issued in exchange for a
beneficial interest in a Restricted Global Note pursuant to this Section 2.06(c) shall be registered in such name or names and in such authorized denomination or denominations as the holder of such beneficial interest shall instruct the
Registrar through instructions from the Depositary and the Participant or Indirect Participant. The Trustee shall deliver such Definitive Notes to the Persons in whose names such Notes are so registered. Any Definitive Note issued in exchange for a
beneficial interest in a Restricted Global Note pursuant to this Section 2.06(c)(1) shall bear the Private Placement Legend and shall be subject to all restrictions on transfer contained therein. 

(2)          Beneficial Interests in Restricted Global Notes
to Unrestricted Definitive Notes. A holder of a beneficial interest in a Restricted Global Note may exchange such beneficial interest for an Unrestricted Definitive Note or may transfer such beneficial interest to a Person who takes delivery
thereof in the form of an Unrestricted Definitive Note only if the Registrar receives the following: 

(A)         if the holder of such beneficial interest in a Restricted
Global Note proposes to exchange such beneficial interest for an Unrestricted Definitive Note, a certificate from such holder in the form of Exhibit C hereto, including the certifications in item (1)(b) thereof; or 

(B)         if the holder of such beneficial interest in a Restricted
Global Note proposes to transfer such beneficial interest to a Person who shall take delivery thereof in the form of an Unrestricted Definitive Note, a certificate from such holder in the form of Exhibit B hereto, including the certifications in
item (4) thereof; 
 and, in each such case set forth in this subparagraph (2), if the Issuers or Registrar so
requests or if the Applicable Procedures so require, an Opinion of Counsel in form reasonably acceptable to the Issuers or the Registrar to the effect that such exchange or transfer is in compliance with the Securities Act and that the restrictions
on transfer 

  
 42 

 
contained herein and in the Private Placement Legend are no longer required in order to maintain compliance with the Securities Act. 

(3)          Beneficial Interests in Unrestricted Global Notes
to Unrestricted Definitive Notes. If any holder of a beneficial interest in an Unrestricted Global Note proposes to exchange such beneficial interest for a Definitive Note or to transfer such beneficial interest to a Person who takes delivery
thereof in the form of a Definitive Note, then, upon satisfaction of the conditions set forth in Section 2.06(b)(2), the Trustee will cause the aggregate principal amount of the applicable Unrestricted Global Note to be reduced accordingly
pursuant to Section 2.06(g), and the Issuers will execute and the Trustee will authenticate and deliver to the Person designated in the instructions a Definitive Note in the appropriate principal amount. Any Definitive Note issued in exchange
for a beneficial interest pursuant to this Section 2.06(c)(3) will be registered in such name or names and in such authorized denomination or denominations as the holder of such beneficial interest requests through instructions to the Registrar
from or through the Depositary and the Participant or Indirect Participant. The Trustee will deliver such Definitive Notes to the Persons in whose names such Notes are so registered. Any Definitive Note issued in exchange for a beneficial interest
pursuant to this Section 2.06(c)(3) will not bear the Private Placement Legend. 

(d)           Transfer and Exchange of Definitive Notes for Beneficial
Interests. 
 (1)          Restricted Definitive Notes
to Beneficial Interests in Restricted Global Notes. If any Holder of a Restricted Definitive Note proposes to exchange such Note for a beneficial interest in a Restricted Global Note or to transfer such Restricted Definitive Notes to a Person
who takes delivery thereof in the form of a beneficial interest in a Restricted Global Note, then, upon receipt by the Registrar of the following documentation: 

(A)         if the Holder of such Restricted Definitive Note proposes
to exchange such Note for a beneficial interest in a Restricted Global Note, a certificate from such Holder in the form of Exhibit C hereto, including the certifications in item (2)(b) thereof; 

(B)         if such Restricted Definitive Note is being transferred
to a QIB in accordance with Rule 144A, a certificate to the effect set forth in Exhibit B hereto, including the certifications in item (1) thereof; 

(C)         if such Restricted Definitive Note is being transferred
to a Non-U.S. Person in an offshore transaction in accordance with Rule 903 or Rule 904, a certificate to the effect set forth in Exhibit B hereto, including the certifications in item (2) thereof; 

(D)         if such Restricted Definitive Note is being transferred
pursuant to an exemption from the registration requirements of the Securities Act in accordance with Rule 144, a certificate to the effect set forth in Exhibit B hereto, including the certifications in item (3)(a) thereof; 

(E)         if such Restricted Definitive Note is being transferred
to an Institutional Accredited Investor in reliance on an exemption from the registration requirements of the Securities Act other than those listed in subparagraphs (B) through (D) above, a certificate to the effect set forth in Exhibit B
hereto, including the certifications, certificates and Opinion of Counsel required by item (3) thereof, if applicable; 

  
 43 

 (F)         if such
Restricted Definitive Note is being transferred to the Company or any of its Subsidiaries, a certificate to the effect set forth in Exhibit B hereto, including the certifications in item (3)(b) thereof; or 

(G)         if such Restricted Definitive Note is being transferred
pursuant to an effective registration statement under the Securities Act, a certificate to the effect set forth in Exhibit B hereto, including the certifications in item (3)(c) thereof, 

the Trustee will cancel the Restricted Definitive Note, increase or cause to be increased the aggregate principal amount of,
in the case of clause (A) above, the appropriate Restricted Global Note, in the case of clause (B) above, the 144A Global Note, and in the case of clause (C) above, the Regulation S Global Note, and in all other cases, the IAI Global
Note. 
 (2)          Restricted Definitive Notes to
Beneficial Interests in Unrestricted Global Notes. A Holder of a Restricted Definitive Note may exchange such Note for a beneficial interest in an Unrestricted Global Note or transfer such Restricted Definitive Note to a Person who takes
delivery thereof in the form of a beneficial interest in an Unrestricted Global Note only if the Registrar receives the following: 

(A)         if the Holder of such Definitive Notes proposes to
exchange such Notes for a beneficial interest in the Unrestricted Global Note, a certificate from such Holder in the form of Exhibit C hereto, including the certifications in item (1)(c) thereof; or 

(B)         if the Holder of such Definitive Notes proposes to
transfer such Notes to a Person who shall take delivery thereof in the form of a beneficial interest in the Unrestricted Global Note, a certificate from such Holder in the form of Exhibit B hereto, including the certifications in item
(4) thereof; 
 and, in each such case set forth in this subparagraph (2), if the Issuers or the Registrar so requests
or if the Applicable Procedures so require, an Opinion of Counsel in form reasonably acceptable to the Issuers or the Registrar to the effect that such exchange or transfer is in compliance with the Securities Act and that the restrictions on
transfer contained herein and in the Private Placement Legend are no longer required in order to maintain compliance with the Securities Act. 

Upon satisfaction of the conditions of any of the subparagraphs in this Section 2.06(d)(2), the Trustee
will cancel the Definitive Notes and increase or cause to be increased the aggregate principal amount of the Unrestricted Global Note. 

(3)          Unrestricted Definitive Notes to Beneficial
Interests in Unrestricted Global Notes. A Holder of an Unrestricted Definitive Note may exchange such Note for a beneficial interest in an Unrestricted Global Note or transfer such Definitive Notes to a Person who takes delivery thereof in the
form of a beneficial interest in an Unrestricted Global Note at any time. Upon receipt of a request for such an exchange or transfer, the Trustee will cancel the applicable Unrestricted Definitive Note and increase or cause to be increased the
aggregate principal amount of one of the Unrestricted Global Notes. 
 If any such exchange or transfer from
a Definitive Note to a beneficial interest is effected pursuant to subparagraphs (2) or (3) above at a time when an Unrestricted Global Note has not yet been issued, the Issuers will issue and, upon receipt of an Authentication Order in
accordance with 

  
 44 

 
Section 2.02, the Trustee will authenticate one or more Unrestricted Global Notes in an aggregate principal amount equal to the principal amount of Definitive Notes so transferred. 

(e)          Transfer and Exchange of Definitive Notes for Definitive
Notes. Upon request by a Holder of Definitive Notes and such Holder’s compliance with the provisions of this Section 2.06(e), the Registrar will register the transfer or exchange of Definitive Notes. Prior to such registration of
transfer or exchange, the requesting Holder must present or surrender to the Registrar the Definitive Notes duly endorsed or accompanied by a written instruction of transfer in form satisfactory to the Registrar duly executed by such Holder or by
its attorney, duly authorized in writing. In addition, the requesting Holder must provide any additional certifications, documents and information, as applicable, required pursuant to the following provisions of this Section 2.06(e). 

(1)          Restricted Definitive Notes to Restricted
Definitive Notes. Any Restricted Definitive Note may be transferred to and registered in the name of Persons who take delivery thereof in the form of a Restricted Definitive Note if the Registrar receives the following: 

(A)         if the transfer will be made pursuant to Rule 144A, then
the transferor must deliver a certificate in the form of Exhibit B hereto, including the certifications in item (1) thereof; 

(B)         if the transfer will be made pursuant to Rule 903 or Rule
904, then the transferor must deliver a certificate in the form of Exhibit B hereto, including the certifications in item (2) thereof; and 

(C)         if the transfer will be made pursuant to any other
exemption from the registration requirements of the Securities Act, then the transferor must deliver a certificate in the form of Exhibit B hereto, including the certifications, certificates and Opinion of Counsel required by item (3) thereof,
if applicable. 
 (2)          Restricted Definitive Notes
to Unrestricted Definitive Notes. Any Restricted Definitive Note may be exchanged by the Holder thereof for an Unrestricted Definitive Note or transferred to a Person or Persons who take delivery thereof in the form of an Unrestricted Definitive
Note if the Registrar receives the following: 
 (A)         if the
Holder of such Restricted Definitive Notes proposes to exchange such Notes for an Unrestricted Definitive Note, a certificate from such Holder in the form of Exhibit C hereto, including the certifications in item (1)(d) thereof; or 

(B)         if the Holder of such Restricted Definitive Notes
proposes to transfer such Notes to a Person who shall take delivery thereof in the form of an Unrestricted Definitive Note, a certificate from such Holder in the form of Exhibit B hereto, including the certifications in item (4) thereof; 

and, in each such case set forth in this subparagraph (2), if the Issuers or the Registrar so requests, an Opinion of Counsel
in form reasonably acceptable to the Issuers or the Registrar to the effect that such exchange or transfer is in compliance with the Securities Act and that the restrictions on transfer contained herein and in the Private Placement Legend are no
longer required in order to maintain compliance with the Securities Act. 

(3)          Unrestricted Definitive Notes to Unrestricted
Definitive Notes. A Holder of Unrestricted Definitive Notes may transfer such Notes to a Person who takes delivery thereof in 

  
 45 

 
the form of an Unrestricted Definitive Note. Upon receipt of a request to register such a transfer, the Registrar shall register the Unrestricted Definitive Notes pursuant to the instructions
from the Holder thereof. 
 (f)          Legends. The following legends
will appear on the face of all Global Notes and Definitive Notes issued under this Indenture unless specifically stated otherwise in the applicable provisions of this Indenture. 

(1)          Private Placement Legend. 

(A)         Except as permitted by subparagraph (B) below, each
Global Note and each Definitive Note (and all Notes issued in exchange therefor or substitution thereof) shall bear the legend in substantially the following form: 

“THIS SECURITY HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR THE SECURITIES
LAWS OF ANY STATE OR OTHER JURISDICTION. NEITHER THIS SECURITY NOR ANY INTEREST OR PARTICIPATION HEREIN MAY BE REOFFERED, SOLD, ASSIGNED, TRANSFERRED, PLEDGED, ENCUMBERED OR OTHERWISE DISPOSED OF IN THE ABSENCE OF SUCH REGISTRATION OR UNLESS SUCH
TRANSACTION IS EXEMPT FROM, OR NOT SUBJECT TO, SUCH REGISTRATION. THE HOLDER OF THIS SECURITY, BY ITS ACCEPTANCE HEREOF, AGREES ON ITS OWN BEHALF AND ON BEHALF OF ANY INVESTOR ACCOUNT FOR WHICH IT HAS PURCHASED SECURITIES, TO OFFER, SELL OR
OTHERWISE TRANSFER SUCH SECURITY, PRIOR TO THE DATE (THE “RESALE RESTRICTION TERMINATION DATE”) THAT IS THE DATE ONE YEAR AFTER THE LAST ORIGINAL ISSUE DATE HEREOF OR SUCH LATER DATE, IF ANY, AS MAY BE REQUIRED UNDER RULE 144 UNDER THE
SECURITIES ACT OR ANY SUCCESSOR PROVISION THEREOF, ONLY (A) TO THE COMPANY OR ANY SUBSIDIARY OF THE COMPANY, (B) PURSUANT TO A REGISTRATION STATEMENT THAT HAS BEEN DECLARED EFFECTIVE UNDER THE SECURITIES ACT, (C) FOR SO LONG AS THE
SECURITIES ARE ELIGIBLE FOR RESALE PURSUANT TO RULE 144A UNDER THE SECURITIES ACT, TO A PERSON IT REASONABLY BELIEVES IS A “QUALIFIED INSTITUTIONAL BUYER” AS DEFINED IN RULE 144A UNDER THE SECURITIES ACT THAT PURCHASES FOR ITS OWN ACCOUNT
OR FOR THE ACCOUNT OF A QUALIFIED INSTITUTIONAL BUYER TO WHOM NOTICE IS GIVEN THAT THE TRANSFER IS BEING MADE IN RELIANCE ON RULE 144A, (D) IN AN OFFSHORE TRANSACTION COMPLYING WITH RULE 903 OR RULE 904 OF REGULATION S UNDER THE SECURITIES ACT,
OR (E) PURSUANT TO ANOTHER AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT, SUBJECT TO THE ISSUERS’ AND THE TRUSTEE’S RIGHT PRIOR TO ANY SUCH OFFER, SALE OR TRANSFER PURSUANT TO CLAUSES (D) OR (E) TO
REQUIRE THE DELIVERY OF AN OPINION OF COUNSEL, CERTIFICATION AND/OR OTHER INFORMATION SATISFACTORY TO EACH OF THEM. THIS LEGEND WILL BE REMOVED BY THE ISSUERS AT THEIR OPTION AFTER THE RESALE RESTRICTION TERMINATION DATE.” 

(B)         Notwithstanding the foregoing, any Global Note or
Definitive Note issued pursuant to subparagraphs (b)(4), (c)(2), (c)(3), (d)(2), (d)(3), (e)(2), (e)(3) or (f) of this Section 2.06 (and all Notes issued in exchange therefor or substitution thereof) will not bear the Private Placement
Legend. 
 (2)          Global Note Legend. Each Global
Note will bear a legend in substantially the following form: 

  
 46 

 “THIS GLOBAL NOTE IS HELD BY THE DEPOSITARY (AS DEFINED IN THE INDENTURE GOVERNING THIS
NOTE) OR ITS NOMINEE IN CUSTODY FOR THE BENEFIT OF THE BENEFICIAL OWNERS HEREOF, AND IS NOT TRANSFERABLE TO ANY PERSON UNDER ANY CIRCUMSTANCES EXCEPT THAT (1) THE TRUSTEE MAY MAKE SUCH NOTATIONS HEREON AS MAY BE REQUIRED PURSUANT TO SECTION
2.06 OF THE INDENTURE, (2) THIS GLOBAL NOTE MAY BE EXCHANGED IN WHOLE BUT NOT IN PART PURSUANT TO SECTION 2.06(a) OF THE INDENTURE, (3) THIS GLOBAL NOTE MAY BE DELIVERED TO THE TRUSTEE FOR CANCELLATION PURSUANT TO SECTION 2.11 OF THE
INDENTURE AND (4) THIS GLOBAL NOTE MAY BE TRANSFERRED TO A SUCCESSOR DEPOSITARY WITH THE PRIOR WRITTEN CONSENT OF HLF FINANCING SARL, LLC AND HERBALIFE INTERNATIONAL, INC. 

UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR NOTES IN DEFINITIVE FORM, THIS NOTE MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE
DEPOSITARY TO A NOMINEE OF THE DEPOSITARY OR BY A NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY OR BY THE DEPOSITARY OR ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITARY OR A NOMINEE OF SUCH SUCCESSOR DEPOSITARY. UNLESS
THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY (55 WATER STREET, NEW YORK, NEW YORK) (“DTC”), TO THE ISSUERS OR THEIR AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY
CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR SUCH OTHER NAME AS MAY BE REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR SUCH OTHER ENTITY AS MAY BE REQUESTED BY AN
AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.” 

(g)          Cancellation and/or Adjustment of Global Notes. At such time
as all beneficial interests in a particular Global Note have been exchanged for Definitive Notes or a particular Global Note has been redeemed, repurchased or canceled in whole and not in part, each such Global Note will be returned to or retained
and canceled by the Trustee in accordance with Section 2.11. At any time prior to such cancellation, if any beneficial interest in a Global Note is exchanged for or transferred to a Person who will take delivery thereof in the form of a
beneficial interest in another Global Note or for Definitive Notes, the principal amount of Notes represented by such Global Note will be reduced accordingly and an endorsement will be made on the Schedule of Exchange of Interests on such Global
Note by the Trustee or by the Depositary at the direction of the Trustee to reflect such reduction; and if the beneficial interest is being exchanged for or transferred to a Person who will take delivery thereof in the form of a beneficial interest
in another Global Note, such other Global Note will be increased accordingly and an endorsement will be made on the Schedule of Exchanges of Interests on such Global Note by the Trustee or by the Depositary at the direction of the Trustee to reflect
such increase. 
 (h)          General Provisions Relating to Transfers and
Exchanges. 
 (1)          To permit registrations of
transfers and exchanges, the Issuers will execute and the Trustee will authenticate Global Notes and Definitive Notes upon receipt of an Authentication Order in accordance with Section 2.02 or at the Registrar’s request. 

(2)          No service charge will be made to a Holder of a
beneficial interest in a Global Note or to a Holder of a Definitive Note for any registration of transfer or exchange, but the Issuers may require payment of a sum sufficient to cover any transfer tax or similar governmental charge

  
 47 

 
payable in connection therewith (other than any such transfer taxes or similar governmental charge payable upon exchange or transfer pursuant to Sections 2.10, 3.06, 3.09, 4.10, 4.14 and 9.05).

 (3)          The Registrar will not be required to register
the transfer of or exchange of any Note selected for redemption in whole or in part, except the unredeemed portion of any Note being redeemed in part. 

(4)          All Global Notes and Definitive Notes issued upon
any registration of transfer or exchange of Global Notes or Definitive Notes will be the valid obligations of the Issuers, evidencing the same debt, and entitled to the same benefits under this Indenture, as the Global Notes or Definitive Notes
surrendered upon such registration of transfer or exchange. 

(5)          Neither the Registrar nor the Issuers will be
required: 
 (A)         to issue, to register the transfer of or
to exchange any Notes during a period beginning at the opening of business 15 days before the day of any selection of Notes for redemption under Section 3.02 and ending at the close of business on the day of selection; 

(B)         to register the transfer of or to exchange any Note
selected for redemption in whole or in part, except the unredeemed portion of any Note being redeemed in part; or 

(C)         to register the transfer of or to exchange a Note between
a record date and the next succeeding interest payment date. 
 (6)
         Prior to due presentment for the registration of a transfer of any Note, the Trustee, any Agent and the Issuers may deem and treat the Person in whose name any Note is registered on the books of
the Registrar as the absolute owner of such Note for the purpose of receiving payment of principal of and interest on such Notes and for all other purposes, and none of the Trustee, any Agent or the Issuers shall be affected by notice to the
contrary. 
 (7)          The Trustee will authenticate Global
Notes and Definitive Notes in accordance with the provisions of Section 2.02. 

(8)          All certifications, certificates and Opinions of
Counsel required to be submitted to the Registrar pursuant to this Section 2.06 to effect a registration of transfer or exchange may be submitted by facsimile. 

(9)          Neither the Trustee nor the Registrar shall have any
duty to monitor the Issuers’ compliance with or have any responsibility with respect to the Issuers’ compliance with any federal or state securities laws in connection with registrations of transfers and exchanges of the Notes. The Trustee
shall have no obligation or duty to monitor, determine or inquire as to compliance with any restrictions on transfer imposed under this Indenture or under applicable law with respect to any transfer of any interest in any Notes (including any
transfers between or among the Depositary’s participants or beneficial owners of interests in any Global Note) other than to require delivery of such certificates and other documentation, as is expressly required by, and to do so if and when
expressly required by, the terms of this Indenture and to examine the same to determine substantial compliance as to form with the express requirements hereof. 

(10)        Neither the Trustee nor any Agent shall have responsibility for
any actions taken or not taken by the Depositary. 

  
 48 

 (11)        The Issuers,
the Trustee, and the Registrar reserve the right to require the delivery of such legal opinions, certifications or other evidence as may reasonably be required in order to determine that the proposed transfer of any Restricted Global Note or
Restricted Definitive Note is being made in compliance with the Securities Act or the Exchange Act, or rules or regulations adopted by the SEC from time to time thereunder, and applicable state securities laws. 

Section 2.07         Replacement Notes. 

If any mutilated Note is surrendered to the Trustee or the Issuers and the Trustee receives evidence to its satisfaction of
the destruction, loss or theft of any Note, the Issuers will issue and the Trustee, upon receipt of an Authentication Order, will authenticate a replacement Note if the Trustee’s requirements are met. If required by the Trustee or the Issuers,
an indemnity bond must be supplied by the Holder that is sufficient in the judgment of the Trustee and the Issuers to protect the Issuers, the Trustee, any Agent and any authenticating agent from any loss that any of them may suffer if a Note is
replaced. The Issuers may charge for its expenses in replacing a Note. 
 Every replacement Note is an additional obligation
of the Issuers and will be entitled to all of the benefits of this Indenture equally and proportionately with all other Notes duly issued hereunder. 

Section 2.08         Outstanding Notes. 

The Notes outstanding at any time are all the Notes authenticated by the Trustee except for those canceled by it, those
delivered to it for cancellation, those reductions in the interest in a Global Note effected by the Trustee in accordance with the provisions hereof, and those described in this Section 2.08 as not outstanding. Except as set forth in
Section 2.09, a Note does not cease to be outstanding because the Issuers or an Affiliate of the Issuers holds the Note. 

If a Note is replaced pursuant to Section 2.07, it ceases to be outstanding unless the Trustee receives proof
satisfactory to it that the replaced Note is held by a protected purchaser. 
 If the principal amount of any Note is
considered paid under Section 4.01, it ceases to be outstanding and interest on it ceases to accrue. 
 If the Paying
Agent (other than the Issuers or an Affiliate thereof) holds, on a redemption date or maturity date, money sufficient to pay Notes payable on that date, then on and after that date such Notes will be deemed to be no longer outstanding and will cease
to accrue interest. 
 Section 2.09         Treasury Notes. 

In determining whether the Holders of the required principal amount of Notes have concurred in any direction, waiver or
consent, Notes owned by the Issuers or any Guarantor, or by any Person directly or indirectly controlling or controlled by or under direct or indirect common control with the Issuers or any Guarantor, will be considered as though not outstanding,
except that for the purposes of determining whether the Trustee will be protected in relying on any such direction, waiver or consent, only Notes that the Trustee knows are so owned will be so disregarded. 

Section 2.10         Temporary Notes. 

Until certificates representing Notes are ready for delivery, the Issuers may prepare and the Trustee, upon receipt of an
Authentication Order, will authenticate temporary Notes. Temporary Notes will be 

  
 49 

 
substantially in the form of certificated Notes but may have variations that the Issuers consider appropriate for temporary Notes and as may be reasonably acceptable to the Trustee. Without
unreasonable delay, the Issuers will prepare and the Trustee will authenticate definitive Notes in exchange for temporary Notes. 

Holders of temporary Notes will be entitled to all of the benefits of this Indenture. 

Section 2.11         Cancellation. 

The Issuers at any time may deliver Notes to the Trustee for cancellation. The Registrar and Paying Agent will forward to the
Trustee any Notes surrendered to them for registration of transfer, exchange or payment. The Trustee and no one else shall cancel and destroy all Notes surrendered for registration of transfer, exchange, payment, replacement or cancellation in
accordance with its customary practices, and shall issue a certificate of destruction to the Issuers for such cancelled Notes. The Issuers may not issue new Notes to replace Notes that it has paid or that have been delivered to the Trustee for
cancellation. 
 Section 2.12         Defaulted Interest. 

If the Issuers default in a payment of interest on the Notes, it will pay the defaulted interest in any lawful manner plus, to
the extent lawful, interest payable on the defaulted interest, to the Persons who are Holders on a subsequent special record date, in each case at the rate provided in the Notes and in Section 4.01. The Issuers will notify the Trustee in
writing of the amount of defaulted interest proposed to be paid on each Note and the date of the proposed payment. The Issuers will fix or cause to be fixed each such special record date and payment date; provided that no such special record
date may be less than 10 days prior to the related payment date for such defaulted interest. At least 15 days before the special record date, the Issuers (or, upon the written request of the Issuers, the Trustee in the name and at the expense of the
Issuers) will mail or cause to be mailed to Holders a notice that states the special record date, the related payment date and the amount of such interest to be paid. 

Section 2.13         CUSIP Numbers. 

The Issuers in issuing the Notes may use CUSIP, ISIN or other similar numbers, if then generally in use, and thereafter with
respect to such Notes the Trustee may use such numbers in any notice provided that any such notice may state that no representation is made as to the correctness of such numbers either as printed on the Notes or as contained in any notice and that
reliance may be placed only on the other identification numbers printed on the Notes, and any such notice shall not be affected by any defect in or omission of such numbers. The Issuers will promptly notify the Trustee in writing of any change in
the CUSIP, ISIN or other similar numbers. 
 ARTICLE 3 

REDEMPTION AND PREPAYMENT 

Section 3.01         Notices to Trustee. 

If the Issuers elect to redeem Notes pursuant to the optional redemption provisions of Section 3.07, it must furnish to
the Trustee, at least 15 days but not more than 60 days before a redemption date, an Officer’s Certificate setting forth: 

(1)          the clause of this Indenture pursuant to which the
redemption shall occur; 
 (2)          the redemption date;

  
 50 

 (3)         
the principal amount of Notes to be redeemed; and 

(4)          the redemption price. 

Section 3.02          Selection of Notes to Be Redeemed or Purchased. 

If less than all of the Notes are to be redeemed or purchased at any time and the Notes are not in global form, unless
otherwise required by law or applicable stock exchange or depositary requirements, the Trustee will select Notes for redemption or purchase as follows: 

(1)          if the Notes are listed, in compliance with the
requirements of the principal national securities exchange on which the Notes are listed; or 

(2)          if the Notes are not so listed, on a pro rata
basis subject to adjustment for minimum denominations. 
 If less than all of the Notes are to be redeemed at any time and
the Notes are Global Notes, the Notes to be redeemed will be selected in accordance with the Applicable Procedures. 
 In
the event of partial redemption or purchase by lot, the particular Notes to be redeemed or purchased will be selected, unless otherwise provided herein, not less than 15 nor more than 60 days prior to the redemption or purchase date by the Trustee
from the outstanding Notes not previously called for redemption or purchase. 
 The Trustee will promptly notify the Issuers
in writing of the Notes selected for redemption or purchase and, in the case of any Note selected for partial redemption or purchase, the principal amount thereof to be redeemed or purchased. Notes and portions of Notes selected will be in minimum
amounts of $2,000 or whole multiples of $1,000 in excess thereof; except that if all of the Notes of a Holder are to be redeemed or purchased, the entire outstanding amount of Notes held by such Holder shall be redeemed or purchased. Except as
provided in the preceding sentence, provisions of this Indenture that apply to Notes called for redemption or purchase also apply to portions of Notes called for redemption or purchase. 

Section 3.03        Notice of Redemption. 

Subject to the provisions of Section 3.09, at least 15 days but not more than 60 days before a redemption date, the
Issuers will send or cause to be sent in accordance with the Applicable Procedures, or by first class mail with respect to Definitive Notes, a notice of redemption to each Holder whose Notes are to be redeemed at its registered address, except that
redemption notices may be mailed more than 60 days prior to a redemption date if the notice is issued in connection with a defeasance of the Notes or a satisfaction and discharge of this Indenture pursuant to Articles 8 or 11. 

The notice will identify the Notes to be redeemed and will state: 

(1)          the redemption date; 

(2)          the redemption price; 

(3)          if any Note is being redeemed in part, the portion
of the principal amount of such Note to be redeemed and that, after the redemption date upon surrender of such Note, a new Note or Notes in principal amount equal to the unredeemed portion will be issued (or transferred by book entry) upon
cancellation of the original Note; 

  
 51 

 (4)         
the name and address of the Paying Agent; 
 (5)          that
Notes called for redemption must be surrendered to the Paying Agent to collect the redemption price; 

(6)          that, unless the Issuers default in making such
redemption payment, interest on Notes called for redemption ceases to accrue on and after the redemption date; 

(7)          the paragraph of the Notes and/or Section of this
Indenture pursuant to which the Notes called for redemption are being redeemed; 

(8)          that no representation is made as to the correctness
or accuracy of the CUSIP number, if any, listed in such notice or printed on the Notes; and 

(9)          any conditions precedent to such redemption in
reasonable detail. 
 At the Issuers’ request, the Trustee will give the notice of redemption in the Issuers’ name
and at its expense; provided, however, that the Issuers have delivered to the Trustee, at least 45 days prior to the redemption date (unless a shorter period shall be satisfactory to the Trustee), an Officer’s Certificate requesting that
the Trustee give such notice together with the notice to be given setting forth the information to be stated in such notice as provided in the preceding paragraph. 

Any redemption or notice of any redemption may, at the Issuers’ discretion, be subject to one or more conditions
precedent, including, but not limited to, completion of an Equity Offering, other debt or equity financing, acquisition or other corporate transaction or event, and, at the Issuers’ discretion, the redemption date may be delayed until such time
as any or all of such conditions have been satisfied (or waived by the Issuers in their sole discretion). In addition, the Issuers may provide in any notice of redemption that payment of the redemption price and the performance of the Issuers’
obligations with respect to such redemption may be performed by another Person; provided, however, that the Issuers will remain obligated to pay the redemption price and perform their obligations with respect to such redemption in the
event such other Person fails to do so. Notice of any redemption in respect of an Equity Offering may be given prior to completion thereof. 

If such condition precedent to such redemption has not been satisfied, the Issuers will provide notice to the Trustee not less
than two Business Days prior to the redemption date that such condition precedent has not been satisfied. The Trustee shall promptly send a copy of such notice to the Holders of the Notes. 

Section 3.04          Effect of Notice of Redemption. 

Once notice of redemption is sent in accordance with Section 3.03, except as may be provided in Section 3.03 if any
such redemption is subject to any condition precedent, Notes called for redemption become irrevocably due and payable on the redemption date at the redemption price. 

Section 3.05          Deposit of Redemption or Purchase Price. 

At or prior to 10:00 a.m. Eastern Time, on or prior to the redemption or purchase date, the Issuers will deposit with the
Trustee or with the Paying Agent money sufficient to pay the redemption or purchase price of, accrued and unpaid interest, if any, on all Notes to be redeemed or purchased on that date. The Trustee or the Paying Agent will promptly return to the
Issuers any money deposited with the Trustee or the Paying Agent by the Issuers in excess of the amounts necessary to pay the redemption or purchase price of, accrued and unpaid interest, if any, on all Notes to be redeemed or purchased. 

  
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 If the Issuers comply with the provisions of the preceding paragraph, on and
after the redemption or purchase date, interest will cease to accrue on the Notes or the portions of Notes called for redemption or purchase. If a Note is redeemed or purchased on or after an interest record date but on or prior to the related
interest payment date, then any accrued and unpaid interest shall be paid to the Person in whose name such Note was registered at the close of business on such record date. If any Note called for redemption or purchase is not so paid upon surrender
for redemption or purchase because of the failure of the Issuers to comply with the preceding paragraph, interest shall be paid on the unpaid principal, from the redemption or purchase date until such principal is paid, and to the extent lawful on
any interest not paid on such unpaid principal, in each case at the rate provided in the Notes and in Section 4.01. 

Section 3.06          Notes Redeemed or Purchased in Part. 

Upon surrender of a Note that is redeemed or purchased in part, the Issuers will issue (or deliver by book entry transaction
pursuant to Applicable Procedures) and, upon receipt of an Authentication Order, the Trustee will authenticate for the Holder at the expense of the Issuers a new Note equal in principal amount to the unredeemed or unpurchased portion of the Note
surrendered. 
 Section 3.07          Optional Redemption. 

(a)          Except as provided in this Section 3.07, the Notes will not be
redeemable at the Issuers’ option prior to August 15, 2021. 

(b)          At any time prior to August 15, 2021, the Issuers may on any
one or more occasions redeem up to 40% of the aggregate principal amount of Notes issued under this Indenture, upon not less than 15 nor more than 60 days’ notice, at a redemption price equal to 107.250% of the principal amount of the Notes
redeemed, plus accrued and unpaid interest, if any, to the redemption date (subject to the rights of holders of Notes on the relevant record date to receive interest on the relevant interest payment date) with an amount not to exceed the net cash
proceeds of one or more Equity Offerings consummated after the Issue Date; provided that: 

(1)          at least 50% of the aggregate principal amount of
Notes originally issued under this Indenture (excluding Notes held by the Company and its Subsidiaries) remains outstanding immediately after the occurrence of such redemption (unless all such Notes are otherwise repurchased or redeemed); and 

(2)          the redemption occurs within 90 days of the date of
the closing of such Equity Offering. 
 (c)          At any time prior to
August 15, 2021, the Issuers may on any one or more occasions redeem all or a part of the Notes upon not less than 15 nor more than 60 days’ notice, at a redemption price equal to 100% of the principal amount of the Notes redeemed, plus
the Applicable Premium as of, and accrued and unpaid interest, if any, to, the date of redemption, subject to the rights of Holders of Notes on the relevant record date to receive interest due on the relevant interest payment date. The Issuers shall
notify the Trustee of the Applicable Premium promptly after the calculation, and the Trustee shall not be responsible for such calculation. 

(d)          On or after August 15, 2021, the Issuers may on any one or more
occasions redeem all or a part of the Notes, upon not less than 15 nor more than 60 days’ notice, at the redemption prices (expressed as a percentage of principal amount of the Notes) set forth below, plus accrued and unpaid interest, if any,
to but excluding the applicable redemption date, if redeemed during the twelve-month period beginning on August 15 of the years indicated below: 

  
 53 

					
	 Year
	  	Percentage	 
	 2021
	  	 	103.625	% 
	 2022
	  	 	101.813	% 
	 2023 and thereafter
	  	 	100.000	% 

 In the event that Holders of not less than 90% in aggregate principal amount of the
outstanding Notes accept a Change of Control Offer and the Issuers (or any third party making such Change of Control Offer in lieu of the Issuers) purchases all of the Notes held by such Holders, the Issuers will have the right, given not more than
30 days following the purchase pursuant to the Change of Control Offer described below, to redeem all of the Notes that remain outstanding following such purchase at a purchase price in cash equal to 101% of the principal amount thereof plus accrued
and unpaid interest, if any, to, but not including, the date of repurchase (subject to the right of Holders of record on the relevant record date to receive interest due on the relevant interest payment date occurring on or prior to the repurchase
date). 
 If an optional redemption date is on or after an interest record date and on or before the related interest
payment date, the accrued and unpaid interest, if any, will be paid to the Person in whose name the Notes is registered at the close of business on such record date, and no additional interest will be payable to Holders whose Notes will be subject
to redemption by the Issuers. 
 The Company or any of its Restricted Subsidiaries may at any time and from time to time
purchase Notes in the open market or otherwise. 
 Unless the Issuers default in the payment of the redemption price,
interest will cease to accrue on the Notes or portions thereof called for redemption on the applicable redemption date. 

(e)          Any redemption pursuant to this Section 3.07 shall be made
pursuant to the provisions of Sections 3.01 through 3.06. 
 Section 3.08         
Mandatory Redemption. 
 The Issuers are not required to make mandatory redemption payments or sinking fund payments
with respect to the Notes. 
 Section 3.09          Offer to Repurchase by Application
of Excess Proceeds of Asset Sales. 
 In the event that, pursuant to Section 4.10, the Issuers are required to
commence a Net Proceeds Offer, it will follow the procedures specified below. 
 Upon the commencement of a Net Proceeds
Offer, the Issuers will send, in accordance with Applicable Procedures, or by first class mail with respect to Definitive Notes, a notice to the Trustee and each of the Holders. The notice will contain all instructions and materials necessary to
enable such Holders to tender Notes pursuant to the Net Proceeds Offer. The notice, which will govern the terms of the Net Proceeds Offer, will state: 

(1)          that the Net Proceeds Offer is being made pursuant
to this Section 3.09 and Section 4.10 and the length of time the Net Proceeds Offer will remain open; 

(2)          the Net Proceeds Offer Amount, the purchase price
and the date of purchase (the “Purchase Date”); 

  
 54 

 (3)         
that any Note not tendered or accepted for payment will continue to accrete or accrue interest; 

(4)          that, unless the Issuers default in making such
payment, any Note accepted for payment pursuant to the Net Proceeds Offer will cease to accrue interest on the Purchase Date; 

(5)          that Holders electing to have a Note purchased
pursuant to a Net Proceeds Offer may elect to have Notes purchased in minimum denominations of $2,000 or an integral multiple of $1,000 in excess thereof; 

(6)          that Holders electing to have Notes purchased
pursuant to any Net Proceeds Offer will be required to surrender the Note, with the form entitled “Option of Holder to Elect Purchase” attached to the Notes completed, or transfer by book-entry transfer, to the Issuers, a Depositary, if
appointed by the Issuers, or a Paying Agent at the address specified in the notice at least three Business Days before the Purchase Date; 

(7)          that Holders will be entitled to withdraw their
election if the Issuers, the Depositary or the Paying Agent, as the case may be, receives, not later than the expiration of the Net Proceeds Offer, a telegram, telex, facsimile transmission or letter setting forth the name of the Holder, the
principal amount of the Note the Holder delivered for purchase and a statement that such Holder is withdrawing his election to have such Note purchased; 

(8)          that, if the aggregate principal amount of Notes and
other Pari Passu Indebtedness surrendered by holders thereof exceeds the Net Proceeds Offer Amount, the Issuers will select the Notes and, if applicable, the principal amount or accreted value, as the case may be, of other Pari Passu Indebtedness to
be purchased on a pro rata basis based on the principal amount of Notes and such other Pari Passu Indebtedness surrendered (with such adjustments as may be deemed appropriate by the Issuers so that only Notes in minimum denominations of
$2,000, or an integral multiple of $1,000 in excess thereof, will be purchased); and 

(9)          that Holders whose Notes were purchased only in part
will be issued new Notes equal in principal amount to the unpurchased portion of the Notes surrendered (or transferred by book-entry transfer). 

On or before the Purchase Date, the Issuers will, to the extent lawful, accept for payment, on a pro rata basis to the
extent necessary, the Net Proceeds Offer Amount (less any pro rata portion thereof attributable to other Pari Passu Indebtedness) of Notes or portions thereof tendered pursuant to the Net Proceeds Offer, or if less than the Net Proceeds Offer
Amount attributable to the Notes has been tendered, all Notes tendered, and will deliver or cause to be delivered to the Trustee the Notes properly accepted together with an Officer’s Certificate stating that such Notes or portions thereof were
accepted for payment by the Issuers in accordance with the terms of this Section 3.09. The Issuers, the Depositary or the Paying Agent, as the case may be, will promptly mail or deliver to each tendering Holder an amount equal to the purchase
price of the Notes tendered by such Holder and accepted by the Issuers for purchase, and the Issuers will promptly issue a new Note, and the Trustee, upon written request from the Issuers, will authenticate and mail or deliver (or cause to be
transferred by book entry) such new Note to such Holder, in a principal amount equal to any unpurchased portion of the Note surrendered. Any Note not so accepted shall be promptly mailed or delivered by the Issuers to the Holder thereof. The Issuers
will publicly announce the results of the Net Proceeds Offer on the Purchase Date. 
 If the Purchase Date is on or after an
interest record date and on or before the related interest payment date, any accrued and unpaid interest, if any, will be paid to the Person in whose name a Note is 

  
 55 

 
registered at the close of business on such record date, and no additional interest will be payable to Holders who tender Notes pursuant to the Net Proceeds Offer. 

Other than as specifically provided in this Section 3.09 or Section 4.10, any purchase pursuant to this
Section 3.09 shall be made pursuant to the provisions of Sections 3.01 through 3.06. 
 ARTICLE 4 

COVENANTS 

Section 4.01          Payment of Notes. 

The Issuers will pay or cause to be paid the principal of, premium on, if any, and interest on the Notes on the dates and in
the manner provided in the Notes. Principal, premium, if any, and interest will be considered paid on the date due if the Paying Agent, if other than the Issuers, holds as of 10:00 a.m. Eastern Time on the due date money deposited by the Issuers in
immediately available funds and designated for and sufficient to pay all principal, premium, if any, and interest then due. 

The Issuers will pay interest (including post-petition interest in any proceeding under any Bankruptcy Law) on overdue
principal at a rate that is 1% higher than the then applicable interest rate on the Notes to the extent lawful; it will pay interest (including post-petition interest in any proceeding under any Bankruptcy Law) on overdue installments of interest,
if any (without regard to any applicable grace period), at the same rate to the extent lawful. 

Section 4.02          Maintenance of Office or Agency.  

The Issuers will maintain an office or agency (which may be an office of the Trustee or an affiliate of the Trustee, Registrar
or co-registrar) where Notes may be surrendered for registration of transfer or for exchange and where notices and demands to or upon the Issuers in respect of the Notes and this Indenture may be served. The
Issuers will give prompt written notice to the Trustee of the location, and any change in the location, of such office or agency. If at any time the Issuers fail to maintain any such required office or agency or fails to furnish the Trustee with the
address thereof, such presentations, surrenders, notices and demands may be made or served at the Corporate Trust Office of the Trustee. 

The Issuers may also from time to time designate one or more other offices or agencies where the Notes may be presented or
surrendered for any or all such purposes and may from time to time rescind such designations; provided, however, that no such designation or rescission will in any manner relieve the Issuers of their obligation to maintain an office or agency
for such purposes. The Issuers will give prompt written notice to the Trustee of any such designation or rescission and of any change in the location of any such other office or agency. 

The Issuers hereby designate the Corporate Trust Office of the Trustee as one such office or agency of the Issuers in
accordance with Section 2.03. 
 Section 4.03          Reports.  

(a)          So long as any Notes are outstanding, the Company will furnish to
the Trustee: 
 (1)          within 90 days after the end of
each fiscal year, annual reports of the Company containing substantially all of the information that would have been required to be contained in an Annual Report on Form 10-K under the Exchange Act if the
Company had been a reporting company under the Exchange Act (but only to the extent similar information was included or 

  
 56 

 
incorporated by reference in the Offering Memorandum), including (A) “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” and (B) audited
financial statements prepared in accordance with GAAP; 

(2)          within 60 days after the end of each of the first
three fiscal quarters of each fiscal year, quarterly reports of the Company containing substantially all of the information that would have been required to be contained in a Quarterly Report on Form 10-Q
under the Exchange Act if the Company had been a reporting company under the Exchange Act (but only to the extent similar information was provided or incorporated by reference in the Offering Memorandum), including (A) “Management’s
Discussion and Analysis of Financial Condition and Results of Operations,” and (B) unaudited quarterly financial statements prepared in accordance with GAAP and reviewed pursuant to Statement on Auditing Standards No. 100 (or any
successor provision); and 
 (3)          within five Business
Days after the occurrence of each event that would have been required to be reported in a Current Report on Form 8-K under the Exchange Act if the Company had been a reporting company under the Exchange Act,
current reports containing substantially all of the information that would have been required to be contained in a Current Report on Form 8-K under the Exchange Act if the Company had been a reporting company
under the Exchange Act; provided, however, that no such current report or any information required to be contained in such report will be required to be furnished if the Company determines in its good faith judgment that such event, or any
information with respect to such event which is not included in any report that is furnished, is not material to noteholders or the business, assets, operations, financial positions or prospects of the Company and its Restricted Subsidiaries, taken
as a whole, or such current report relates solely to information required under Items 3.01, 3.02, 3.03, insofar as it relates to securities other than the Notes and the Note Guarantees, or 5.02(e) of Form 8-K
or any successor provisions thereto; 
 provided, however, that (i) any information required by part III of Form
10-K shall be deemed to be timely delivered in accordance with the foregoing requirements so long as it is included in a definitive proxy statement or amendment to Form
10-K filed with the SEC within the period permitted under the SEC’s rules and regulations and (ii) all such reports (A) will not be required to comply with Section 302 or Section 404
of the Sarbanes-Oxley Act of 2002, or related Items 307 and 308 of Regulation S-K promulgated by the SEC, or Item 10(e) of Regulation S-K (with respect to any non-GAAP financial measures contained therein), (B) will not be required to contain the information required by Items 201, 402, 403, 405, 406, 407, 701 or 703 of Regulation
S-K, and (C) will not be required to contain the separate financial information for Guarantors contemplated by Rule 3-10 of Regulation S-X promulgated by the SEC; 
 provided further that, the foregoing delivery
requirements will be deemed satisfied if the foregoing materials are publicly available on the SEC’s EDGAR system (or a successor thereto) within the applicable time periods specified above. 

(b)          So long as any Notes are outstanding and the Company is not subject
to the periodic reporting requirements under the Exchange Act, if the foregoing materials are not publicly available on the SEC’s EDGAR system (or a successor thereto) within the applicable time periods specified above, the Company will also:

 (1)          issue a press release to an internationally
recognized wire service no fewer than three Business Days prior to the first public disclosure of the annual and quarterly reports required by clauses (1) and (2) of Section 4.03(a) announcing the date on which such reports will become

  
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publicly available and directing Holders, prospective investors, broker-dealers and securities analysts to contact the investor relations office of the Company to obtain copies of such reports;
and 
 (2)          maintain a website to which the Trustee,
Holders, prospective investors, broker-dealers and securities analysts are given access and to which all of the reports and press releases required by this Section 4.03 are posted. 

(c)          So long as any Notes are outstanding, the Company will also: 

(1)          at any time after the Company releases its earnings
for any annual or quarterly period, but in no event later than 10 Business Days after furnishing to the Trustee (or filing with the SEC) the annual and quarterly reports required by clauses (1) and (2) of Section 4.03(a), hold a conference
call to discuss such reports and the results of operations for the relevant reporting period (which conference call may, at the option of the Company, be the same conference call that the Company’s shareholders and/or equity research analysts
are invited to); and 
 (2)          issue a press release to
an internationally recognized wire service no fewer than three Business Days prior to the date of the conference call required to be held in accordance with this paragraph, announcing the time and date of such conference call and either including
all information necessary to access the call or directing Holders, prospective investors, broker-dealers and securities analysts to contact the appropriate person at the Company to obtain such information. 

(d)          In addition, the Company shall furnish to Holders, prospective
investors, broker-dealers and securities analysts, upon their request, any information required to be delivered pursuant to Rule 144A(d)(4) under the Securities Act so long as the Notes are not freely transferable under the Securities Act. 

Notwithstanding anything herein to the contrary, any failure to comply with this Section 4.03 shall be automatically
cured when the Company provides all required reports to the Trustee or the Holders, as applicable, or files all required reports with the SEC, or holds such conference call, as applicable. 

Delivery of the above reports to the Trustee is for informational purposes only and the Trustee’s receipt of such reports
shall not constitute actual or constructive notice of any information contained therein or determinable from information contained therein, including the Company’s or any Subsidiary’s compliance with any of their respective covenants
hereunder (as to which the Trustee is entitled to rely exclusively on Officer’s Certificates or certificates delivered pursuant to Section 4.04) or any other agreement or document. The Trustee shall have no obligation to determine whether
or not such information, documents or reports have been filed pursuant to the EDGAR filing system (or its successor) or postings to any website have occurred. The Trustee has no duty to participate in or monitor any conference calls. 

Section 4.04          Compliance Certificate.  

(a)          The Company shall deliver to the Trustee, within 90 days after the
end of each fiscal year, an Officer’s Certificate signed by the chief executive officer, the chief financial officer or the principal accounting officer that need not comply with Section 12.05 stating that a review of the activities of the
Company and its Subsidiaries during the preceding fiscal year has been made under the supervision of the signing Officer with a view to determining whether the Company has kept, observed, performed and fulfilled its obligations under this Indenture,
and further stating, as to such Officer signing such certificate, that to his or her knowledge the Company has kept, observed, performed and fulfilled each and every 

  
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covenant contained in this Indenture and is not in default in the performance or observance of any of the terms, provisions and conditions of this Indenture (or, if a Default or Event of Default
has occurred, describing all such Defaults or Events of Default of which he or she may have knowledge and what action the Company is taking or proposes to take with respect thereto). 

(b)          So long as any of the Notes are outstanding, the Company will
deliver to the Trustee, promptly upon any Officer obtaining knowledge of any Default or Event of Default, an Officer’s Certificate describing such Default or Event of Default and the status thereof. 

Section 4.05          Taxes.  

The Company will pay, and will cause each of its Restricted Subsidiaries to pay, prior to delinquency, all material taxes,
assessments, and governmental levies except such as are contested in good faith and by appropriate proceedings or where the failure to effect such payment is not adverse in any material respect to the Holders of the Notes. 

Section 4.06          Stay, Extension and Usury Laws.  

Each of the Issuers and the Guarantors covenants (to the extent that it may lawfully do so) that it will not at any time
insist upon, plead, or in any manner whatsoever claim or take the benefit or advantage of, any stay, extension or usury law wherever enacted, now or at any time hereafter in force, that may affect the covenants or the performance of this Indenture;
and each of the Issuers and the Guarantors (to the extent that it may lawfully do so) hereby expressly waives all benefit or advantage of any such law, and covenants that it will not, by resort to any such law, hinder, delay or impede the execution
of any power herein granted to the Trustee, but will suffer and permit the execution of every such power as though no such law has been enacted. 

Section 4.07          Restricted Payments.  

(a)          The Company will not, and will not permit any of its Restricted
Subsidiaries to, directly or indirectly: 
 I.          declare
or pay any dividend or make any other payment or distribution on account of the Company’s or any of its Restricted Subsidiaries’ Equity Interests (including, without limitation, any payment in connection with any merger or consolidation
involving the Company or any of its Restricted Subsidiaries) or to the direct or indirect holders of the Company’s or any of its Restricted Subsidiaries’ Equity Interests in their capacity as such (other than dividends or distributions
payable in Equity Interests (other than Disqualified Stock) of the Company and other than dividends or distributions payable to the Company or a Restricted Subsidiary of the Company); 

II.         purchase, repurchase, redeem, defease or otherwise acquire
or retire for value (including, without limitation, in connection with any merger or consolidation involving the Company) any Equity Interests of the Company or any direct or indirect parent of the Company, in each case held by Persons other than
the Company or a Restricted Subsidiary of the Company; 
 III.       
make any principal payment on or with respect to, or purchase, repurchase, redeem, defease or otherwise acquire or retire for value any Subordinated Indebtedness (other than the payment, purchase, repurchase, redemption, defeasance, acquisition or
retirement of (i) intercompany Indebtedness between or among the Company and its Restricted Subsidiaries, and (ii) Subordinated Indebtedness in anticipation of satisfying a sinking fund obligation, principal

  
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installment or final maturity thereof, in each case due within one year of the date of such payment, purchase, repurchase, redemption, defeasance, acquisition or retirement); or 

IV.        make any Restricted Investment (all such payments and other
actions set forth in clauses (I) through (IV) above being collectively referred to as “Restricted Payments”), 

unless, at the time of and after giving effect to such Restricted Payment: 

(1)          no Event of Default shall have occurred and be
continuing or would occur as a consequence of such Restricted Payment; 

(2)          the Company would, at the time of such Restricted
Payment and after giving Pro Forma Effect thereto as if such Restricted Payment had been made at the beginning of the applicable four-quarter period, have been permitted to incur at least $1.00 of additional Indebtedness pursuant to the Fixed Charge
Coverage Ratio test set forth in Section 4.09(a); and 

(3)          such Restricted Payment, together with the aggregate
amount of all other Restricted Payments made by the Company and its Restricted Subsidiaries after the Issue Date (excluding Restricted Payments permitted by clause (2), (3), (4), (5), (6), (7), (8), (9), (10), (11), (12), (13), (14), (15),
(17), (18), (20) or (21) of Section 4.07(b)), is less than the sum, without duplication, of: 

(A)         50% of the cumulative Consolidated Net Income of the
Company for the period (taken as one accounting period) commencing on the first date of the fiscal quarter in which the Issue Date occurs and ending on the last day of the fiscal quarter ended immediately prior to the date of such calculation for
which internal financial statements are available at the time of such Restricted Payment; or, if such Consolidated Net Income for such period is a deficit, minus 100% of such deficit, plus 

(B)         100% of the aggregate net proceeds (including the fair
market value of property other than cash) received by the Company after the Issue Date, as a contribution to its common equity capital or from the issue or sale (other than to a Subsidiary of the Company) of: 

(i)         Equity Interests (other than Disqualified Stock or
Designated Preferred Stock) of the Company; or 
 (ii)
        Disqualified Stock, Designated Preferred Stock or debt securities of the Company that in each case have been converted into or exchanged for Equity Interests (other than Disqualified Stock or
Designated Preferred Stock) of the Company, plus 
 (C)
        100% of the fair market value as of the date of issuance of any Equity Interests (other than Disqualified Stock) issued since the Issue Date by the Company as consideration for the purchase by the
Company or any of its Restricted Subsidiaries of all or substantially all of the assets of, or a majority of the Voting Stock of, a Related Business (including by means of a merger, consolidation or other business combination permitted under this
Indenture); plus 
 (D)         to the extent that any
Restricted Investment that was made after the Issue Date is sold for cash or other property or otherwise liquidated or repaid for cash, the lesser 

  
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of (x) the cash return of capital with respect to such Restricted Investment or the fair market value of such other property (less the cost of disposition, if any) and (y) the initial
amount of such Restricted Investment; plus 
 (E)        
50% of the aggregate net proceeds (including the fair market value of property other than cash) received by the Company or any Restricted Subsidiary from any distribution or dividend (other than a return of capital) from an Unrestricted Subsidiary
(whether or not such dividend or distribution is included in the calculation of Consolidated Net Income); plus 

(F)         upon redesignation of an Unrestricted Subsidiary as a
Restricted Subsidiary or upon the merger or consolidation of an Unrestricted Subsidiary with or into the Company or any of its Restricted Subsidiaries, the lesser of (x) the fair market value of the Company’s Investment in such Subsidiary
as of the date of redesignation and (y) such fair market value as of the date such Subsidiary was originally designated as an Unrestricted Subsidiary; plus 

(G)         $250.0 million. 

(b)          The provisions of Section 4.07(a) will not prohibit: 

(1)          the payment of any dividend or distribution or
consummation of any irrevocable redemption within 60 days after the date of declaration thereof or the giving of any redemption notice related thereto, if at said date of declaration or notice such payment would have complied with the
provisions of this Indenture; 
 (2)          the making of any
Restricted Payment in exchange for, or out of the net cash proceeds of the substantially concurrent sale (other than to a Restricted Subsidiary of the Company) of, Equity Interests of the Company (other than Disqualified Stock) or from the
contribution of common equity capital to the Company within 10 Business Days; provided that the amount of any such net cash proceeds that are utilized for any such Restricted Payment shall be excluded from Section 4.07(a)(3)(B); 

(3)          the redemption, repurchase, retirement, defeasance
or other acquisition or retirement for value of Subordinated Indebtedness or Disqualified Stock of the Company or any of its Restricted Subsidiaries with the net cash proceeds from a substantially concurrent (i) incurrence of Permitted
Refinancing Indebtedness or (ii) issuance of Disqualified Stock permitted to be issued under this Indenture; 

(4)          the payment of any dividend (or, in the case of any
partnership, limited liability company or other business entity, any similar distribution) by a Restricted Subsidiary of the Company to the holders of its Equity Interests on a pro rata basis; 

(5)          the repurchase, redemption or other acquisition or
retirement for value of any Equity Interests of the Company or any Restricted Subsidiary of the Company held by any future, current or former officer, director, employee or consultant of the Company (or any of its Restricted Subsidiaries’)
pursuant to any equity subscription agreement, stock option agreement, employment agreement, severance agreement or other executive compensation arrangement or any other management or employee benefit plan or agreement, shareholders’ agreement
or similar agreement; provided that the aggregate price paid for all such repurchased, redeemed, acquired or retired Equity Interests shall not exceed the greater of (i) $25.0 million and (ii) 1.0% of Consolidated Total

  
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Assets in any calendar year (with unused amounts in any calendar year being carried over to subsequent calendar years; provided that the aggregate purchase price for all such repurchased,
redeemed, acquired or retired Equity Interests shall not exceed $50.0 million in any calendar year); provided, further, that such amounts set forth in this clause (5) may be increased by an amount equal to the cash proceeds of key
man life insurance policies received by the Company or any Restricted Subsidiary after the Issue Date; and provided, further, that such amount in any calendar year may be increased by an amount not to exceed the cash proceeds received
by the Company from sales of Equity Interests (other than Disqualified Stock) of the Company to officers, directors, employees or consultants of the Company or any of its Restricted Subsidiaries that occur after the Issue Date (provided that
the amount of such cash proceeds used for any such repurchase, redemption, acquisition or retirement will not increase the amount available for Restricted Payments under Section 4.07(a)(3)(B); and provided, further, that the Company may
elect to apply all or any portion of the aggregate increase contemplated by this proviso in any calendar year); and provided, further, that cancellation of Indebtedness owing to the Company from members of management of the Company or
any Restricted Subsidiary of the Company in connection with a repurchase of Equity Interests of the Company will not be deemed to constitute a Restricted Payment; 

(6)          the repurchase of Equity Interests deemed to occur
(i) upon the exercise of stock options, warrants, stock appreciation rights or other similar related instruments to the extent such Equity Interests represent a portion of the exercise price of those stock options and (ii) in connection
with the withholding of a portion of the Equity Interests granted or awarded to a director or an employee to pay for the taxes payable by such director or employee upon such grant or award; 

(7)          payments to holders of the Company’s common
shares in lieu of the issuance of fractional shares in its share capital; 

(8)          the redemption, repurchase, retirement, defeasance
or other acquisition of Disqualified Stock of the Company in exchange for Disqualified Stock of the Company or with the net cash proceeds from a substantially concurrent issuance of Disqualified Stock by the Company, in each case that is permitted
to be issued as described under Section 4.09; 

(9)          the repurchase, redemption or other acquisition or
retirement for value of any Subordinated Indebtedness in accordance with the provisions similar to those described under Sections 4.10 and 4.14; provided that all Notes validly tendered by Holders in connection with a Change of Control Offer or Net
Proceeds Offer, as applicable, have been repurchased, redeemed or acquired for value; 

(10)        the declaration and payment of dividends to holders of any
class or series of Disqualified Stock of the Company or any of its Restricted Subsidiaries or any class or series of Preferred Stock or shares of a Restricted Subsidiary issued in accordance with Section 4.09 to the extent such dividends are
included in the definition of “Consolidated Interest Expense”; 

(11)        the declaration and payment of dividends to holders of any
class or series of Designated Preferred Stock of the Company; 

(12)        payments or distributions to satisfy dissenters’ rights,
pursuant to or in connection with a consolidation, merger or transfer of assets that complies with the provisions of this Indenture applicable to mergers, consolidations and transfers of all or substantially all the property and assets of the
Company; 

  
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 (13)        the purchase,
redemption, acquisition, cancellation or other retirement for a nominal value per right of any rights granted to all the holders of Common Stock of the Company pursuant to any shareholders’ rights plan adopted for the purpose of protecting
shareholders from unfair takeover tactics; provided that any such purchase, redemption, acquisition, cancellation or other retirement of such rights is not for the purpose of evading the limitations of this Section 4.07 (all as determined in
good faith by a senior financial officer of the Company); 
 (14)       
Restricted Payments in an aggregate amount under this clause (14) at any time outstanding not to exceed $100.0 million plus the amount of any unused portion of the basket provided for under clause (18); 

(15)        Restricted Payments so long as the Total Leverage Ratio,
calculated as of the date of such Restricted Payment and after giving Pro Forma Effect thereto (including, without limitation, to the incurrence of any Indebtedness to finance such Restricted Payment), does not exceed 2.9 to 1.0; 

(16)        any Permitted Convertible Indebtedness Call Transaction and any
payments in connection therewith; 
 (17)        payments that are made
with Excluded Contributions; 
 (18)        the redemption, repurchase,
retirement, defeasance or other acquisition or retirement for value of Subordinated Indebtedness in an aggregate amount under this clause (18) at any time outstanding not to exceed $100.0 million plus the amount of any unused portion of
the basket provided for under clause (14); 
 (19)        payments
necessary so that Subordinated Indebtedness will not have “significant original issue discount” and thus will not be treated as “applicable high yield discount obligations” within the meaning of Section 163(i) of the Code;

 (20)        the conversion of Subordinated Indebtedness to Qualified
Capital Stock of the Company or Capital Stock of any direct or indirect parent company of the Company; and 

(21)        payments of cash upon settlements of conversions or exchanges
of convertible notes; 
 provided that in the case of clauses (5), (12), (14), (15) and (18), no Default shall have occurred and
be continuing. 
 The amount of all Restricted Payments (other than cash) shall be the fair market value on the date of the
Restricted Payment of the asset(s) or securities proposed to be transferred or issued by the Company or such Restricted Subsidiary, as the case may be, pursuant to the Restricted Payment. For purposes of determining compliance with this
Section 4.07, in the event that a Restricted Payment meets the criteria of more than one of the exceptions described in clauses (1) through (21) above or is entitled to be made pursuant to Section 4.07(a), the Company will be
permitted, in its sole discretion, to classify the Restricted Payment, or later reclassify the Restricted Payment in whole or in part, in any manner that complies with this Section 4.07. 

  
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 Section 4.08          Dividend and
Other Payment Restrictions Affecting Subsidiaries.  
 (a)         
The Company will not, and will not permit any of its Restricted Subsidiaries to, directly or indirectly, create or permit to exist or become effective any consensual encumbrance or restriction on the ability of any Restricted Subsidiary to: 

(1)          pay dividends or make any other distributions on its
Capital Stock to the Company or any of the Company’s Restricted Subsidiaries, or with respect to any other interest or participation in, or measured by, its profits, or pay any Indebtedness owed to the Company or any of the Company’s
Restricted Subsidiaries; 
 (2)          make loans or advances
to the Company or any of the Company’s Restricted Subsidiaries; or 

(3)          transfer any of its properties or assets to the
Company or any of the Company’s Restricted Subsidiaries. 
 (b)         
The restrictions in Section 4.08(a) will not apply to encumbrances or restrictions existing under or by reason of: 

(1)          agreements governing Existing Indebtedness and any
other agreement as in effect on the Issue Date, including pursuant to the Credit Agreement and the other documents relating to the Credit Agreement, and any amendments, modifications, restatements, renewals, increases, supplements, refundings,
replacements or refinancings of those agreements; provided that such amendments, modifications, restatements, renewals, increases, supplements, refundings, replacements or refinancings are not materially more restrictive, taken as a whole,
with respect to such dividend and other payment restrictions than those contained in such agreements on the Issue Date; 

(2)          this Indenture, the Notes and the related Note
Guarantees; 
 (3)          applicable law, rule, regulation or
administrative or court order; 
 (4)          any instrument
governing Indebtedness or Capital Stock of a Person acquired by the Company or any of its Restricted Subsidiaries as in effect at the time of such acquisition (except to the extent such Indebtedness was incurred or Capital Stock was issued in
connection with or in contemplation of such acquisition), which encumbrance or restriction is not applicable to any Person, or the properties or assets of any Person, other than the Person, or the property or assets of the Person, so acquired; 

(5)          customary
non-assignment provisions in leases, licenses, contracts and other agreements entered into in the ordinary course of business; 

(6)          purchase money obligations for property acquired in
the ordinary course of business and Capital Lease Obligations that impose restrictions on the property so acquired of the nature described in Section 4.08(a)(3); 

(7)          any agreement for the sale or other disposition of
all or substantially all the Capital Stock or assets of a Restricted Subsidiary that restricts distributions by such Restricted Subsidiary pending the closing of such sale or other disposition; 

  
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 (8)         
agreements governing Permitted Refinancing Indebtedness; provided that the restrictions contained in the agreements governing such Permitted Refinancing Indebtedness are, in the good faith judgment of the senior management or the Board of
Directors of the Company, not materially more restrictive, taken as a whole, than those contained in the agreements governing the Indebtedness being refinanced; 

(9)          any agreement creating a Lien securing Indebtedness
otherwise permitted to be incurred pursuant to the provisions of Section 4.12, to the extent limiting the right of the Company or any of its Restricted Subsidiaries to dispose of the assets subject to such Lien; 

(10)        provisions with respect to the disposition or distribution of
assets or property in joint venture agreements, asset sale agreements, stock sale agreements and other similar agreements entered into in the ordinary course of business or with the approval of the Company’s Board of Directors; 

(11)        customary restrictions on a Receivables Subsidiary and
Receivables Program Assets effected in connection with a Qualified Receivables Transaction; 

(12)        restrictions on cash or other deposits or net worth imposed by
customers under contracts entered into in the ordinary course of business; 

(13)        in the case of the provision described in
Section 4.08(a)(3): (a) that restrict in a customary manner the subletting, assignment or transfer of any property or asset that is a lease, license, conveyance or contract or similar property or asset or (b) arising or agreed to in
the ordinary course of business, not relating to any Indebtedness, and that do not, individually or in the aggregate, detract from the value of property or assets of the Company or any Restricted Subsidiary thereof in any manner material to the
Company or any Restricted Subsidiary thereof; 
 (14)        existing
under, by reason of or with respect to customary provisions contained in leases or licenses of intellectual property and other agreements, in each case, entered into in the ordinary course of business; 

(15)        existing under, by reason of or with respect to Indebtedness of
the Company or a Restricted Subsidiary not prohibited to be incurred under this Indenture; provided that (a) such encumbrances or restrictions are customary for the type of Indebtedness being incurred and the jurisdiction of the obligor and
(b) such encumbrances or restrictions will not affect in any material respect the Issuers’ or any Guarantor’s ability to make principal and interest payments on the Notes, as determined in good faith by the Company; 

(16)        agreements governing Indebtedness incurred in compliance with
Section 4.09(b)(4), provided that such encumbrances or restrictions apply only to assets financed with the proceeds of such Indebtedness; 

(17)        any other agreement governing Indebtedness incurred after the
Issue Date that contains encumbrances or other restrictions that are, in the good faith judgment of the senior management or the Board of Directors of the Company, no more restrictive in any material respect taken as a whole than those encumbrances
and other restrictions that are customary in comparable financings; and 

(18)        any encumbrances or restrictions imposed by any amendments,
modifications, restatements, renewals, increases, supplements, refundings, replacements or refinancings of the 

  
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contracts, instruments or obligations referred to in clauses (1) through (17) above; provided that such amendments, modifications, restatements, renewals, increases, supplements,
refundings, replacements or refinancings are, in the good faith judgment of the Company, not materially more restrictive as a whole with respect to such encumbrances or restrictions than prior to such amendment, modification, restatement, renewal,
increase, supplement, refunding, replacement or refinancing. 
 Section 4.09         
Incurrence of Indebtedness and Issuance of Preferred Stock.  

(a)          The Company will not, and will not permit any of its Restricted
Subsidiaries to, directly or indirectly, create, incur, issue, assume, guarantee or otherwise become directly or indirectly liable, contingently or otherwise, with respect to (collectively, “incur”) any Indebtedness (including
Acquired Debt), and the Company and the Guarantors will not issue any Disqualified Stock and the Company will not permit any of its Restricted Subsidiaries (other than the Guarantors) to issue any shares of preferred stock or preferred shares;
provided, however, that the Issuers and any of the Guarantors may incur Indebtedness (including Acquired Debt) or issue Disqualified Stock, if the Fixed Charge Coverage Ratio for the Company’s most recently ended four full fiscal
quarters for which internal financial statements are available immediately preceding the date on which such additional Indebtedness is incurred or such Disqualified Stock is issued would have been at least 2.0 to 1.0, determined on a Pro Forma Basis
(including a pro forma application of the net proceeds therefrom) as if the additional Indebtedness had been incurred, or the Disqualified Stock had been issued, as the case may be, at the beginning of such four-quarter period. 

(b)          The provisions of Section 4.09(a) will not prohibit the
incurrence of any of the following items of Indebtedness (collectively, “Permitted Debt”): 

(1)          the incurrence by the Company and its Restricted
Subsidiaries of (a) Indebtedness, letters of credit and bankers’ acceptances under Credit Facilities in an aggregate amount at any time outstanding as of any date of incurrence of any such Indebtedness (together with the aggregate amount
of any Permitted Refinancing Indebtedness outstanding as of such date that was incurred pursuant to clause (1)(b) and that is not deemed to be incurred pursuant to another clause of this Section 4.09(b) or Section 4.09(a) as a result of
reclassification) not to exceed (x) $1,250.0 million, plus (y) the greater of (A) $855.0 million and (B) the Consolidated EBITDA for the Company’s most recently ended four full fiscal quarters for which internal financial
statements are available immediately preceding the date on which such additional Indebtedness is incurred pursuant to this clause (1), determined on a Pro Forma Basis (including a pro forma application of the net proceeds therefrom), and
(b) any Permitted Refinancing Indebtedness incurred to extend, refinance, refund, renew, replace, defease or discharge any Indebtedness that was incurred pursuant to this clause (1) and was not, as of the date of incurrence of such
Permitted Refinancing Indebtedness, deemed to be incurred pursuant to another clause of this Section 4.09(b) or Section 4.09(a) as a result of reclassification; 

(2)          the incurrence by the Company and its Restricted
Subsidiaries of Existing Indebtedness; 
 (3)          the
incurrence by the Company, the Issuers and the Subsidiary Guarantors of Indebtedness represented by the Notes and Note Guarantees issued on the Issue Date; 

(4)          the incurrence by the Company or any of its
Restricted Subsidiaries of Indebtedness represented by Capital Lease Obligations or purchase money obligations, including obligations in respect of mortgage, industrial revenue bond, industrial development bond and similar financings, including in
connection with any Sale and Leaseback Transaction, in each case, 

  
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incurred for the purpose of financing all or any part of the purchase price or cost of or refinancing the acquisition, replacement, construction, installation, repair or improvement of fixed or
capital assets, in an aggregate principal amount at any time outstanding, as of the date of incurrence of any Indebtedness pursuant to this clause (4), including all Permitted Refinancing Indebtedness incurred to refund, refinance or replace any
Indebtedness incurred pursuant to this clause (4), not to exceed the greater of (a) $175.0 million and (b) 7.0% of Consolidated Total Assets (determined as of the date of incurrence); 

(5)          the incurrence by the Company or any of its
Restricted Subsidiaries of Permitted Refinancing Indebtedness in exchange for, or the net proceeds of which are used to refund, refinance or replace, Indebtedness incurred under clauses (2), (3) or (4) above, this clause (5),
clauses (16), (17), (19), (25), (26) or (27) below or pursuant to Section 4.09(a); 

(6)          the incurrence by the Company or any of its
Restricted Subsidiaries of Indebtedness owed to the Company or any of its Restricted Subsidiaries; provided, however, that: 

(A)         if the Issuers or any Guarantor is the obligor on such
Indebtedness, and the payee is not one of the Issuers or a Guarantor, such Indebtedness must be expressly subordinated to the prior payment in full in cash of all Obligations with respect to the Notes, in the case of the Issuers, or the Note
Guarantee of such Guarantor, in the case of a Guarantor; and 

(B)         (1) any subsequent issuance or transfer of Equity
Interests that results in any such Indebtedness being held by a Person other than the Company or a Restricted Subsidiary thereof and (2) any sale or other transfer of any such Indebtedness to a Person that is not either the Company or a
Restricted Subsidiary thereof shall be deemed, in each case, to constitute an incurrence of such Indebtedness by the Company or such Restricted Subsidiary, as the case may be, that was not permitted by this clause (6); 

(7)          the incurrence by the Company or any of its
Restricted Subsidiaries of Indebtedness under Hedging Obligations that are not entered into for the purpose of speculation; 

(8)          the issuance by any of the Company’s Restricted
Subsidiaries to the Company or to any of its Restricted Subsidiaries of preferred shares or shares of preferred stock; provided, however, that: 

(a)          any subsequent issuance or transfer of Equity
Interests that results in any such preferred stock being held by a Person other than the Company or a Restricted Subsidiary of the Company and 

(b)          any sale or other transfer of any such preferred
stock to a Person that is not either the Company or a Restricted Subsidiary of the Company, will be deemed, in each case, to constitute an issuance of such preferred stock or preferred shares by such Restricted Subsidiary that was not permitted by
this clause (8); 
 (9)          the Guarantee by the Company
or any of its Restricted Subsidiaries of Indebtedness of the Company or a Subsidiary or joint venture of the Company that was permitted to be incurred by another provision of this Section 4.09 and could have been incurred (in compliance with
this Section 4.09) by the Person so Guaranteeing such Indebtedness; 

  
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 (10)        the
incurrence of Indebtedness arising from the honoring by a bank or other financial institution of a check, draft or similar instrument inadvertently (except in the case of daylight overdrafts) drawn against insufficient funds in the ordinary course
of business; 
 (11)        the incurrence of Indebtedness of the Company
or any of its Restricted Subsidiaries in respect of security for workers’ compensation claims, payment obligations in connection with self-insurance, health, disability or other employee benefits or property, casualty or liability insurance or
self-insurance or other Indebtedness with respect to reimbursement-type obligations regarding workers’ compensation claims provided to the Company or any of its Restricted Subsidiaries, bankers’ acceptances, indemnities including through
letters of credit, cash collateralization, performance, surety and similar bonds and completion guarantees provided by the Company or any of its Restricted Subsidiaries in the ordinary course of business; provided that the underlying
obligation to perform is that of the Company and its Restricted Subsidiaries and not that of the Company’s Unrestricted Subsidiaries; and provided further that such underlying obligation is not in respect of borrowed money; 

(12)        the incurrence of Indebtedness that may be deemed to arise as a
result of agreements of the Company or any Restricted Subsidiary of the Company providing for indemnification, deferred purchase price adjustments, earn-out or similar Obligations, in each case, incurred or
assumed in connection with the disposition of any business or assets of the Company or any Restricted Subsidiary or Equity Interests of a Restricted Subsidiary; provided that (a) any amount of such Obligations included on the face of the
balance sheet of the Company or any Restricted Subsidiary shall not be permitted under this clause (12) and (b) the maximum aggregate liability in respect of all such Obligations outstanding under this clause (12) shall at no time exceed
the gross proceeds including non-cash proceeds (the fair market value of such non-cash proceeds being measured at the time received and without giving effect to any
subsequent changes in value) actually received by the Company and the Restricted Subsidiaries in connection with such disposition; 

(13)        Indebtedness incurred under commercial letters of credit issued
for the account of the Company or any of its Restricted Subsidiaries in the ordinary course of business (and not for the purpose of, directly or indirectly, incurring Indebtedness or providing credit support or a similar arrangement in respect of
Indebtedness); or Indebtedness of the Company or any of its Restricted Subsidiaries under letters of credit and bank guarantees backstopped by letters of credit under the Credit Facilities; 

(14)        pledges, deposits or payments made or given in the ordinary
course of business in connection with or to secure statutory, regulatory or similar obligations, including obligations under health, safety or environmental obligations, or arising from guarantees to suppliers, lessors, licenses, contractors,
franchisees or customers of obligations, other than Indebtedness, made in the ordinary course of business; 

(15)        the incurrence of Indebtedness by the Company or any of its
Restricted Subsidiaries issued to current or former officers, directors, managers, consultants and employees, or their respective estates, executors, administrators, heirs, legatees, distributees, spouses or former spouses in connection with the
redemption or purchase of Capital Stock, to the extent permitted by Section 4.07(b)(5); 

(16)        the incurrence by any Foreign Subsidiary of Indebtedness and/or
the guarantee by the Company and/or any of its Restricted Subsidiaries of such Indebtedness in an aggregate principal amount (or accreted value, as applicable) at any time outstanding, as of the date of

  
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incurrence of any Indebtedness pursuant to this clause (16), including all Permitted Refinancing Indebtedness incurred to refund, refinance or replace any Indebtedness incurred pursuant to
this clause (16), not to exceed the greater of (a) $75.0 million and (b) 3.0% of Consolidated Total Assets (determined as of the date of incurrence); 

(17)        the incurrence by the Company or any of its Restricted
Subsidiaries of any Capitalized Lease Obligation resulting from a Sale and Leaseback Transaction in an aggregate principal amount at any time outstanding, as of the date of incurrence of any Indebtedness pursuant to this clause (17), including
all Permitted Refinancing Indebtedness incurred to refund, refinance or replace any Indebtedness incurred pursuant to this clause (17), not to exceed the greater of (a) $75.0 million and (b) 3.0% of Consolidated Total Assets (determined as
of the date of incurrence); 
 (18)        Indebtedness in respect of
Receivables Program Obligations; 
 (19)        the incurrence of
Acquired Debt or other Indebtedness incurred in connection with, or in contemplation of, an acquisition (including by way of merger or consolidation) by the Company or any of its Restricted Subsidiaries; provided that after giving Pro Forma
Effect to such acquisition, either (a) the Company’s Fixed Charge Coverage Ratio immediately following such acquisition and incurrence (including a pro forma application of the net proceeds therefrom) would be at least 2.0 to 1.0 or
(b) the Company’s pro forma Fixed Charge Coverage Ratio would be equal to or greater than the actual Fixed Charge Coverage Ratio of the Company immediately prior to such acquisition and incurrence; 

(20)        Indebtedness incurred by the Company or any Restricted
Subsidiary of the Company to the extent that the net proceeds thereof are promptly deposited to defease, redeem or to satisfy and discharge the Notes; 

(21)        Indebtedness of the Company or any Restricted Subsidiary of the
Company consisting of obligations to pay insurance premiums or take-or-pay obligations contained in supply arrangements incurred in the ordinary course of business; 

(22)        Indebtedness in respect of overdraft facilities, employee
credit card programs and other cash management arrangements in the ordinary course of business; 

(23)        Indebtedness representing deferred compensation to employees of
the Company and its Restricted Subsidiaries incurred in the ordinary course of business; 

(24)        cash management obligations and other Indebtedness in respect
of netting services, automatic clearinghouse arrangements, overdraft protections and similar arrangements in each case in connection with deposit accounts; 

(25)        the incurrence of Indebtedness by any Restricted Subsidiary of
the Company that is not a Guarantor (other than the Issuers), and/or the guarantee by the Company or any of its Restricted Subsidiaries of Indebtedness of any joint venture of the Company or any of its Restricted Subsidiaries, in an aggregate
principal amount (or accreted value, as applicable) at any time outstanding, as of the date of incurrence of any Indebtedness pursuant to this clause (25), including all Permitted Refinancing Indebtedness incurred to refund, refinance or replace any
Indebtedness incurred pursuant to this clause (25), not to exceed the greater of (a) $50.0 million and (b) 2.0% of Consolidated Total Assets (determined as of the date of incurrence); 

  
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 (26)        the
incurrence by the Company or any of its Restricted Subsidiaries of additional Indebtedness in an aggregate principal amount (or accreted value, as applicable) at any time outstanding, as of the date of incurrence of any Indebtedness pursuant to this
clause (26), including all Permitted Refinancing Indebtedness incurred to refund, refinance or replace any Indebtedness incurred pursuant to this clause (26), not to exceed the greater of (a) $100.0 million and (b) 4.0% of
Consolidated Total Assets (determined as of the date of incurrence); and 

(27)        any Contribution Debt. 

The Issuers and the Company will not, and the Company will not permit any Subsidiary Guarantor to, directly or indirectly,
incur any Indebtedness that is contractually subordinated in right of payment to any other Indebtedness of the Company, the Issuers or of such Subsidiary Guarantor, as the case may be, unless such Indebtedness is also contractually subordinated in
right of payment to the Notes and the applicable Guarantee on substantially the same terms. For purposes of the foregoing, no Indebtedness will be deemed to be contractually subordinated in right of payment to any other Indebtedness of the Company,
the Issuers or any Subsidiary Guarantor solely by virtue of being unsecured or secured by a junior priority Lien or by virtue of the fact that the holders of such Indebtedness have entered into intercreditor agreements or other arrangements giving
one or more of such holders priority over the other holders in the collateral held by them, including intercreditor agreements that contain customary provisions requiring turnover by holders of junior priority Liens of proceeds of collateral in the
event that the security interests in favor of the holders of the senior priority in such intended collateral are not perfected or invalidated and similar customary provisions protecting the holders of senior priority Liens. 

For purposes of determining compliance with this Section 4.09, in the event that an item of proposed Indebtedness meets
the criteria of more than one of the categories of Permitted Debt described in clauses (1) through (27) above, or is entitled to be incurred pursuant to Section 4.09(a), the Company will be permitted to classify such item of
Indebtedness on the date of its incurrence (or later reclassify such Indebtedness in whole or in part) in any manner that complies with this Section 4.09; provided that all Indebtedness outstanding under the Credit Agreement on the Issue
Date will, at all times, be treated as incurred on the Issue Date under Section 4.09(b)(1) and may not be reclassified. In addition, the accrual of interest, accretion or amortization of original issue discount, the payment of interest on any
Indebtedness in the form of additional Indebtedness with the same terms, the reclassification of preferred stock as Indebtedness due to a change in accounting principles, and the payment of dividends on Disqualified Stock in the form of additional
shares of the same class of Disqualified Stock will not be treated as an incurrence of Indebtedness or an issuance of Disqualified Stock for purposes of this Section 4.09. 

Notwithstanding the foregoing, the maximum amount of Indebtedness that may be incurred pursuant to this Section 4.09
shall not be deemed to be exceeded with respect to any outstanding Indebtedness due solely to the result of fluctuations in the exchange rates of currencies. 

For purposes of determining compliance with any U.S. dollar denominated restriction on the incurrence of Indebtedness where
the Indebtedness incurred, or any Indebtedness outstanding pursuant to the clause or clauses of the definition of Permitted Debt under which such Indebtedness is being incurred, is denominated in a different currency, the amount of any such
Indebtedness being incurred and such outstanding Indebtedness, if any, will in each case be the U.S. Dollar Equivalent determined on the date any such Indebtedness was incurred, in the case of term Indebtedness, or first committed or first
incurred (whichever yields the lower U.S. Dollar Equivalent), in the case of revolving credit Indebtedness, which U.S. Dollar Equivalent will be reduced by any repayment on such Indebtedness in proportion to the reduction in principal
amount; provided, however, that if any such Indebtedness denominated in a different currency is subject to a Currency Protection Agreement with respect to U.S. dollars covering all principal, premium, if any, and interest, if any,
payable on such Indebtedness, the amount of such Indebtedness 

  
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expressed in U.S. dollars will be as provided in such Currency Protection Agreement. The principal amount of any Permitted Refinancing Indebtedness incurred in the same currency as the
Indebtedness being refinanced will be the U.S. Dollar Equivalent of the Indebtedness refinanced, except to the extent that (1) such U.S. Dollar Equivalent was determined based on a Currency Protection Agreement, in which case the
Permitted Refinancing Indebtedness will be determined in accordance with the preceding sentence, and (2) if the principal amount of the Permitted Refinancing Indebtedness exceeds the principal amount of the Indebtedness being refinanced, the
U.S. Dollar Equivalent of such excess, as appropriate, will be determined on the date such Permitted Refinancing Debt is incurred. 

Section 4.10          Asset Sales. 

(a)          The Company will not, and will not permit any of its Restricted
Subsidiaries to, consummate an Asset Sale unless: 

(1)          the Company (or the Restricted Subsidiary, as the
case may be) receives consideration at the time of such Asset Sale at least equal to the fair market value (measured as of the date of the definitive agreement with respect to such Asset Sale) of the assets or Equity Interests issued or sold or
otherwise disposed of, as approved in good faith by the Company’s Board of Directors; and 

(2)          at least 75% of the consideration received in the
Asset Sale by the Company or such Restricted Subsidiary is in the form of cash or Cash Equivalents. For purposes of this provision only (and specifically not for the purposes of the definition of “Net Proceeds”), each of the following
shall be deemed to be cash: 
 (A)         any liabilities (as
shown on the Company’s or such Restricted Subsidiary’s most recent balance sheet) of the Company or any Restricted Subsidiary (other than contingent liabilities and liabilities that are by their terms subordinated to the Notes or any Note
Guarantee) that are assumed by the transferee of any such assets; 
 (B)
        any securities, notes or other obligations received by the Company or any such Restricted Subsidiary from such transferee that within 180 days are converted by the Company or such Restricted
Subsidiary into cash (to the extent of the cash received in that conversion); 
 (C)
        any Designated Noncash Consideration received by the Company or any Restricted Subsidiary in such Asset Sale having an aggregate fair market value, taken together with all other Designated Noncash
Consideration received pursuant to this clause (C) since the Issue Date that is at the time outstanding, not to exceed the greater of (a) $50.0 million and (b) 2.0% of Consolidated Total Assets at the time of receipt of such Designated
Noncash Consideration, with the fair market value of each item of Designated Noncash Consideration being measured at the time received and without giving effect to subsequent changes in value; and 

(D)         the fair market value (measured as of the date such
Equity Interests or assets are received) of any Equity Interests or assets of the kind referred to in clauses (2) or (4) of Section 4.10(b). 

(b)          Within 365 days after the receipt of any Net Proceeds of any
Asset Sale, the Company or such Restricted Subsidiary, at its option, may apply an amount equal to the Net Proceeds from such Asset Sale: 

  
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 (1)          to
repay, prepay, redeem or repurchase Indebtedness (other than Subordinated Indebtedness) and other Obligations (other than Subordinated Indebtedness); 

(2)          to acquire all or substantially all of the assets of
another Related Business, or to acquire any Equity Interests of another Related Business, if, after giving effect to any such acquisition of Equity Interests, the Related Business is or becomes a Restricted Subsidiary of the Company; 

(3)          to make a capital expenditure; 

(4)          to acquire other assets (other than securities or
current assets) that will be used or useful in a Related Business; or 

(5)          a combination of prepayments and investments
permitted by the foregoing clauses (1), (2), (3) and (4); 
 provided that the Company and its Restricted Subsidiaries will be
deemed to have applied such Net Proceeds pursuant to clause (2), (3) or (4) of this Section 4.10(b), as applicable, if and to the extent that, within 365 days after the Asset Sale that generated the Net Proceeds, the Company has
entered into and not abandoned or rejected a binding agreement to consummate any reinvestment described in clause (2), (3) or (4) of this paragraph, and such reinvestment is thereafter completed within 180 days after the end of such 365-day period. 
 (c)          Pending the
final application of such Net Proceeds, the Company or any Restricted Subsidiary may temporarily reduce borrowings under the Credit Facilities or any other revolving credit facility, if any, or otherwise invest such Net Proceeds in any manner not
prohibited by this Indenture. Subject to Section 4.10(e), on the 366th day (as extended pursuant to the provisions in Section 4.10(b)) after an Asset Sale or such earlier date, if any, as the Board of Directors of the Company or of
such Restricted Subsidiary determines not to apply the Net Proceeds relating to such Asset Sale as set forth in clause (1), (2), (3), (4) or (5) of Section 4.10(b) (each, a “Net Proceeds Offer Trigger Date”), an
amount equal to such aggregate amount of Net Proceeds which have not been applied on or before such Net Proceeds Offer Trigger Date as permitted in clauses (1), (2), (3), (4) or (5) of Section 4.10(b) (each a “Net Proceeds
Offer Amount”) shall be applied by the Company or such Restricted Subsidiary to make an offer to purchase (the “Net Proceeds Offer”) with respect to the Notes on a date (the “Net Proceeds Offer Payment
Date”) not less than 15 nor more than 60 days following the applicable Net Proceeds Offer Trigger Date, from all Holders (and, if required by the terms of any other Indebtedness of the Company ranking pari passu with the Notes in right
of payment and which has similar provisions requiring the Company either to make an offer to repurchase or to otherwise repurchase, redeem or repay such Indebtedness with an amount equal to the proceeds from Asset Sales (the “Pari Passu
Indebtedness”), from the holders of such Pari Passu Indebtedness) on a pro rata basis (in proportion to the respective principal amounts or accreted value, as the case may be, of the Notes and any such Pari Passu Indebtedness) an
aggregate principal amount of Notes (plus, if applicable, an aggregate principal amount or accreted value, as the case may be, of Pari Passu Indebtedness) equal to the Net Proceeds Offer Amount. The offer price in any Net Proceeds Offer shall be
equal to 100% of the principal amount of the Notes (or 100% of the principal amount or accreted value, as the case may be, of such Pari Passu Indebtedness), plus accrued and unpaid interest thereon, if any, to the Net Proceeds Offer Payment Date.

 (d)          Notwithstanding the foregoing, if at any time any non-cash consideration received by the Company or any Restricted Subsidiary, as the case may be, in connection with any Asset Sale is converted into or sold or otherwise disposed of for cash (other than interest
received with respect to any such non-cash consideration), then such conversion or disposition shall be deemed to constitute an Asset Sale 

  
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hereunder and an amount equal to the Net Proceeds thereof shall be applied in accordance with Section 4.10. 

(e)          The Company may defer the Net Proceeds Offer until there is an
aggregate unutilized Net Proceeds Offer Amount equal to or in excess of $100.0 million resulting from one or more Asset Sales (at which time the entire unutilized Net Proceeds Offer Amount, and not just the amount in excess of
$100.0 million, shall be applied as required pursuant to Section 4.10, and in which case the Net Proceeds Offer Trigger Date shall be deemed to be the earliest date that the Net Proceeds Offer Amount is equal to or in excess of $100.0
million). 
 (f)          Notwithstanding anything to the contrary, with
respect to any Asset Sale consummated by a Foreign Subsidiary of the Company, the Company may elect to reduce the Net Proceeds Offer Amount by the amount of any Restricted Asset Sale Proceeds, provided, that the Company shall use its commercially
reasonable efforts such that the distribution of any amounts constituting Restricted Asset Sale Proceeds solely pursuant to clause (a) of the definition thereof (if such amounts were distributed), or the inclusion of any amounts constituting
Restricted Asset Sale Proceeds solely pursuant to clause (a) of the definition thereof in the Net Proceeds Offer Amount, would not result in adverse tax consequences of more than a de minimis amount to the Company and its Subsidiaries (as
reasonably determined by the Company), such that such amounts would not constitute Restricted Asset Sale Proceeds. For the avoidance of doubt, in no event shall this Section 4.10 require cash at Foreign Subsidiaries to be repatriated. 

(g)          Each Net Proceeds Offer will be sent to the record Holders as shown
on the register of Holders within 25 days following the Net Proceeds Offer Trigger Date, with a copy to the Trustee, and shall comply with the procedures set forth in Section 3.09. Upon receiving notice of the Net Proceeds Offer, Holders
may elect to tender their Notes in whole or in part in minimum denominations of $2,000 or integral multiples of $1,000 in excess thereof in exchange for cash. To the extent that the aggregate principal amount of Notes (plus, if applicable, the
aggregate principal amount or accreted value, as the case may be, of Pari Passu Indebtedness) validly tendered by the Holders thereof and not withdrawn exceeds the Net Proceeds Offer Amount, Notes of tendering Holders (and, if applicable, Pari Passu
Indebtedness tendered by the holders thereof) will be purchased on a pro rata basis (based on the principal amount of the Notes and, if applicable, the principal amount or accreted value, as the case may be, of any such Pari Passu Indebtedness
tendered and not withdrawn). To the extent that the aggregate amount of the Notes (plus, if applicable, the aggregate principal amount or accreted value, as the case may be, of any Pari Passu Indebtedness) tendered pursuant to a Net Proceeds Offer
is less than the Net Proceeds Offer Amount, the Company may use such excess Net Proceeds Offer Amount for general corporate purposes or for any other purpose not prohibited by this Indenture. Upon completion of any such Net Proceeds Offer, the Net
Proceeds Offer Amount shall be reset at zero. A Net Proceeds Offer shall remain open for a period of 20 Business Days or such longer period as may be required by applicable law. 

(h)          The Company or the applicable Restricted Subsidiary, as the case may
be, will comply with the requirements of Rule 14e-1 under the Exchange Act and any other securities laws and regulations thereunder to the extent such laws and regulations are applicable in connection
with the repurchase of Notes pursuant to a Net Proceeds Offer. To the extent that the provisions of any securities laws or regulations conflict with the provisions of Section 3.09 or this Section 4.10, the Company or such Restricted
Subsidiary shall comply with the applicable securities laws and regulations and shall not be deemed to have breached its obligations under Section 3.09 or this Section 4.10 by virtue of such compliance. 

Section 4.11          Transactions with Affiliates.  

(a)          The Company will not, and will not permit any of its Restricted
Subsidiaries to, directly or indirectly, make any payment to, or sell, lease, transfer or otherwise dispose of any of its properties or assets 

  
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to, or purchase any property or assets from, or enter into or make or amend any transaction, contract, agreement, loan, advance or guarantee with, or for the benefit of, any Affiliate of the
Company or any of its Restricted Subsidiaries (each, an “Affiliate Transaction”), involving aggregate consideration in excess of $25.0 million, unless: 

(1)          such Affiliate Transaction is on terms that are not
materially less favorable to the Company or the relevant Restricted Subsidiary than those that would have been obtained in a comparable transaction at such time by the Company or such Restricted Subsidiary with a Person who is not an Affiliate of
the Company or such Restricted Subsidiary; and 
 (2)         
the Issuers deliver to the Trustee: 
 (A)         with respect to
any Affiliate Transaction or series of related Affiliate Transactions involving aggregate consideration in excess of $100.0 million, an Officer’s Certificate certifying that such Affiliate Transaction complies with this Section 4.11;
and 
 (B)         with respect to any Affiliate Transaction or
series of related Affiliate Transactions involving aggregate consideration in excess of $200.0 million, either (i) a resolution of the Board of Directors of the Company or (ii) a letter an independent financial advisory, investment
banking or appraisal firm, in each case set forth in an Officer’s certificate certifying that such Affiliate Transaction complies with this Section 4.11 and, in the case of clause (i), that such Affiliate Transaction has been approved by a
majority of the disinterested members of the Board of Directors of the Company. 

(b)          The following items shall not be deemed to be Affiliate Transactions
and, therefore, shall not be subject to the provisions of Section 4.11(a): 

(1)          transactions between or among the Company and/or its
Restricted Subsidiaries or exclusively between or among such Restricted Subsidiaries; 

(2)          Permitted Investments and Restricted Payments that
are permitted by Section 4.07; 
 (3)          reasonable
fees and compensation paid to (including issuances and grants of Equity Interests of the Company, employment agreements and share or stock option and ownership plans for the benefit of), and indemnity and insurance provided on behalf of, current,
former or future officers, directors, employees or consultants of the Company or any Restricted Subsidiary in the ordinary course of business; 

(4)          transactions pursuant to any agreement in effect on
the Issue Date, as in effect on the Issue Date or as thereafter amended or replaced in any manner, that, taken as a whole, is not more disadvantageous to the Holders in any material respect than such agreement as it was in effect on the Issue Date;

 (5)          loans or advances to officers, directors,
managers, consultants and employees, or their respective estates, executors, administrators, heirs, legatees, distributees, spouses or former spouses of the Company and its Restricted Subsidiaries permitted by clause (8) of the definition of
“Permitted Investments”; 
 (6)          any
transaction with a Person (other than an Unrestricted Subsidiary) which would constitute an Affiliate Transaction solely because the Company, directly or through any of its Restricted Subsidiaries, owns an equity interest in or otherwise controls
such Person; provided that 

  
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no Affiliate of the Company or its Restricted Subsidiaries other than the Company or a Restricted Subsidiary shall have a beneficial interest in such Person; 

(7)          any service, purchase, lease, supply or similar
agreement entered into in the ordinary course of business (including, without limitation, pursuant to any joint venture agreement) between the Company or any Restricted Subsidiary and any Affiliate that is a customer, client, supplier, purchaser or
seller of goods or services, so long as the Company determines in good faith that any such agreement is on terms not materially less favorable to the Company or such Restricted Subsidiary than those that could be obtained in a comparable arm’s-length transaction with an entity that is not an Affiliate; 

(8)          the issuance and sale of Qualified Capital Stock;

 (9)          any transaction effected in connection with a
Qualified Receivables Transaction; 
 (10)        pledges of equity
interests of Unrestricted Subsidiaries; 
 (11)        the existence of,
or the performance by the Company or any of its Restricted Subsidiaries of their obligations under the terms of, any customary registration rights agreement to which they are a party or become a party in the future; 

(12)        transactions in which the Company or any of its Restricted
Subsidiaries, as the case may be, delivers to the Trustee a letter from an independent financial advisor stating that such transaction is fair to the Company or such Restricted Subsidiary from a financial point of view or meets the requirements of
Section 4.11(a)(1); 
 (13)        any contribution to the common
equity capital of the Company; 
 (14)        transactions entered into
by an Unrestricted Subsidiary with an Affiliate prior to the day such Unrestricted Subsidiary is redesignated as a Restricted Subsidiary; provided that such transaction was not entered into in contemplation of such Unrestricted Subsidiary
becoming a Restricted Subsidiary; and 
 (15)        any transaction or
series of transactions between the Company or any Restricted Subsidiary of the Company and any of their joint ventures. 
 Section 4.12
         Liens.  
 (a)
         The Company will not, and will not permit any of its Restricted Subsidiaries to, directly or indirectly, create, incur, assume or suffer to exist any Lien of any kind securing Indebtedness on any
property or assets now owned or hereafter acquired, other than, in each case, Permitted Liens, unless the Notes and the Note Guarantees, as applicable, are: 

(1)          in the case of any Lien securing an Obligation that
ranks pari passu with the Notes or a Note Guarantee, effective provision is made to secure the Notes or such Note Guarantee, as the case may be, at least equally and ratably with or prior to such Obligation with a Lien on the same properties or
assets of the Company or such Restricted Subsidiary, as the case may be; and 

(2)          in the case of any Lien securing an Obligation that
is subordinated in right of payment to the Notes or a Note Guarantee, effective provision is made to secure the Notes or such Note Guarantee, as the case may be, with a Lien on the same properties or assets of the Company

  
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or such Restricted Subsidiary, as the case may be, that is prior to the Lien securing such subordinated obligation. 

Notwithstanding the foregoing, any Lien securing the Notes granted pursuant to this Section 4.12 shall be automatically
and unconditionally released and discharged upon (a) the release by the holders of the Indebtedness described above of their Lien on the property or assets of the Company or any Restricted Subsidiary (including any deemed release upon payment
in full of all obligations under such Indebtedness, except payment in full made with the proceeds from the foreclosure, sale or other realization from an enforcement on the collateral by the holders of the Indebtedness described above of their
Lien), (b) any sale, exchange or transfer to any Person other than the Company or any Restricted Subsidiary of the property or assets secured by such Lien, or of all of the Capital Stock held by the Company or any Restricted Subsidiary in, or
all or substantially all the assets of, any Restricted Subsidiary creating such Lien in each case in accordance with the terms of this Indenture, (c) payment in full of the principal of, and accrued and unpaid interest, if any, on the Notes, or
(d) a defeasance or discharge of the Notes in accordance with Article 8 or Article 11. 
 Section 4.13
         Corporate Existence.  
 Subject to Article 5, the
Company shall do or cause to be done all things necessary to preserve and keep in full force and effect: 

(1)          its corporate existence, and the corporate,
partnership or other existence of each of its Subsidiaries, in accordance with the respective organizational documents (as the same may be amended from time to time) of the Company or any such Subsidiary; and 

(2)          the rights (charter and statutory), licenses and
franchises of the Company and its Subsidiaries; provided, however, that the Company shall not be required to preserve any such right, license or franchise, or the corporate, partnership or other existence of any of its Subsidiaries, if the
Board of Directors shall determine that the preservation thereof is no longer desirable in the conduct of the business of the Company and its Subsidiaries, taken as a whole, and that the loss thereof is not adverse in any material respect to the
Holders of the Notes. 
 Section 4.14          Offer to Repurchase Upon Change of
Control.  
 (a)          If a Change of Control occurs, the Issuers
will make an offer (a “Change of Control Offer”) to each Holder of Notes, pursuant to which each such Holder will have the right to require the Issuers to repurchase all or any part (equal to $2,000 or integral multiples of $1,000
in excess thereof) of that Holder’s Notes pursuant to a Change of Control Offer. In the Change of Control Offer, the Issuers will offer a payment in cash equal to 101% of the aggregate principal amount of Notes repurchased plus accrued and
unpaid interest, if any (the “Change of Control Payment”). Within 30 days following any Change of Control, the Issuers will send a notice to each Holder with a copy to the Trustee describing the transaction or transactions that
constitute the Change of Control and offering to repurchase Notes on the date specified in such notice (the “Change of Control Payment Date”), pursuant to the procedures required by Section 4.14(b) and described in such notice.
The Issuers will comply with the requirements of Rule 14e-1 under the Exchange Act and any other securities laws and regulations thereunder to the extent such laws and regulations are applicable in
connection with the repurchase of the Notes as a result of a Change of Control. To the extent that the provisions of any securities laws or regulations conflict with the provisions of this Section 4.14, the Company or such Restricted Subsidiary
shall comply with the applicable securities laws and regulations and shall not be deemed to have breached its obligations under this Section 4.14 by virtue of such compliance. 

  
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 (b)          On the Change of
Control Payment Date, the Issuers will, to the extent lawful: 

(1)          accept for payment all Notes or portions thereof
properly tendered pursuant to the Change of Control Offer; 

(2)          deposit with the Paying Agent an amount equal to the
Change of Control Payment in respect of all Notes or portions thereof so tendered; and 

(3)          deliver or cause to be delivered to the Trustee the
Notes so accepted together with an Officer’s Certificate stating the aggregate principal amount of Notes or portions thereof being purchased by the Issuers. 

The Paying Agent will promptly mail to each Holder of Notes so tendered the Change of Control Payment for such Notes, and the
Trustee will promptly authenticate and mail (or cause to be transferred by book entry) to each Holder a new Note equal in principal amount to any unpurchased portion of the Notes surrendered, if any; provided that each such new Note will be
in a minimum principal amount of $2,000 or integral multiples of $1,000 in excess thereof. The Issuers will publicly announce the results of the Change of Control Offer on or as soon as practicable after the Change of Control Payment Date. 

(c)          The provisions of Section 4.14(a) that require the Issuers to
make a Change of Control Offer following a Change of Control will be applicable regardless of whether or not any other provisions of this Indenture are applicable. 

(d)          Notwithstanding anything to the contrary in this Section 4.14,
the Issuers will not be required to make a Change of Control Offer upon a Change of Control if (1) a third party makes the Change of Control Offer in the manner, at the times and otherwise in compliance with the requirements set forth in this
Section 4.14 and purchases all Notes properly tendered and not withdrawn under the Change of Control Offer or (2) a notice of redemption has been given prior to the Change of Control pursuant to Section 3.07 unless and until there is
a default in payment of the applicable redemption price. 
 (e)         
Notwithstanding anything to the contrary contained herein, a Change of Control Offer may be made in advance of a Change of Control and conditioned upon the consummation of such Change of Control, if a definitive agreement with respect to the Change
of Control is in place at the time the Change of Control Offer is made. 

Section 4.15          Limited Condition Transactions. 

When calculating the availability under any basket or ratio under this Indenture, in each case in connection with a Limited
Condition Transaction and any related transactions (including any incurrence of Indebtedness and the use of proceeds thereof), the date of determination of such basket or ratio and/or absence of any Default or Event of Default shall, at the option
of the Issuers, be the date the definitive agreements for such Limited Condition Transaction are entered into, and such baskets or ratios shall be calculated with such pro forma adjustments as are appropriate and consistent with the pro forma
adjustment provisions set forth in the definition of Fixed Charge Coverage Ratio after giving effect to such Limited Condition Transaction and the other transactions to be entered into in connection therewith (including any incurrence of
Indebtedness and the use of proceeds thereof) as if they occurred at the beginning of the most recent period of four consecutive fiscal quarters for which internal financial statements are available immediately preceding the date of the event for
which the calculation is made ending prior to such date and, for the avoidance of doubt, (x) if any of such baskets or ratios are exceeded as a result of fluctuations in such basket or ratio (including due to fluctuations in Consolidated EBITDA
of the Company or the target company) subsequent to such date of determination and at or prior to the consummation of the relevant 

  
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Limited Condition Transaction, such baskets or ratios will not be deemed to have been exceeded as a result of such fluctuations solely for purposes of determining whether the Limited Condition
Transaction is permitted under this Indenture and (y) such baskets or ratios shall not be tested at the time of consummation of such Limited Condition Transaction or related transactions; provided, further, that if the Issuers
elect to have such determinations occur at the time of entry into such definitive agreement, any such transactions (including any incurrence of Indebtedness and the use of proceeds thereof) shall be deemed to have occurred on the date the definitive
agreements are entered and outstanding thereafter for purposes of calculating any baskets or ratios under this Indenture after the date of such agreement and before the consummation of such Limited Condition Transaction unless and until such Limited
Condition Transaction has been abandoned, as determined by the Issuers, prior to the consummation thereof; provided, further, that in connection with the making of Restricted Payments prior to the consummation of such Limited Condition
Transaction, the calculation of Consolidated Net Income and Consolidated EBITDA (and any defined term a component of which is Consolidated Net Income or Consolidated EBITDA) shall not, in any case, assume such Limited Condition Transaction has been
consummated. 
 Section 4.16          Additional Note Guarantees.  

If and for so long as any Restricted Subsidiary (other than an Excluded Subsidiary) directly or indirectly, guarantees any
Indebtedness of the Issuers or any domestic Subsidiary of the Company under the Credit Agreement or any other Credit Facility, then such Subsidiary will become a Guarantor and, within 20 Business Days of the date on which it incurs the guarantee of
such Indebtedness, the Company shall cause such Restricted Subsidiary to: 

(1)          execute and deliver to the Trustee (a) a
supplemental indenture substantially in the form attached as Exhibit F hereto pursuant to which such Restricted Subsidiary shall unconditionally Guarantee all of it the Company’s obligations under the Notes and this Indenture and (b) a
notation of Guarantee in respect of its Note Guarantee; and 

(2)          deliver to the Trustee one or more Opinions of
Counsel (subject to customary assumptions and exceptions) that such supplemental indenture (a) has been duly authorized, executed and delivered by such Restricted Subsidiary and (b) constitutes a valid and legally binding obligation of
such Restricted Subsidiary in accordance with its terms. 
 Section 4.17         
Designation of Restricted and Unrestricted Subsidiaries. 
 The Board of Directors of the Company may designate any
Restricted Subsidiary to be an Unrestricted Subsidiary in accordance with the definition of “Unrestricted Subsidiary” if the designation would not cause a Default. All outstanding Investments owned by the Company and its Restricted
Subsidiaries in the designated Unrestricted Subsidiary will be treated as an Investment made at the time of the designation and will either reduce the amount available for Restricted Payments under Section 4.07(a) or be a Permitted Investment,
as applicable. The amount of all such outstanding Investments will be the aggregate fair market value of such Investments at the time of the designation. The designation will not be permitted if such Investment would not be permitted as a Restricted
Payment or Permitted Investment at that time and if such Restricted Subsidiary does not otherwise meet the definition of an Unrestricted Subsidiary. Any designation of a Subsidiary of the Company as an Unrestricted Subsidiary shall be evidenced to
the Trustee by filing with the Trustee a certified copy of the Board Resolution giving effect to such designation and an Officer’s Certificate certifying that such designation complied with the foregoing conditions and the conditions set forth
in the definition of “Unrestricted Subsidiary” and was permitted by Section 4.07. 

  
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 If, at any time, any Unrestricted Subsidiary would fail to meet any of the
requirements as an Unrestricted Subsidiary, it shall thereafter cease to be an Unrestricted Subsidiary for purposes of this Indenture and any Indebtedness of such Subsidiary shall be deemed to be incurred by a Restricted Subsidiary of the Company as
of such date and, if such Indebtedness is not permitted to be incurred as of such date under Section 4.09, the Company shall be in default of such Section 4.09. 

The Board of Directors of the Company may at any time designate any Unrestricted Subsidiary to be a Restricted Subsidiary;
provided that such designation shall be deemed to be an incurrence of Indebtedness by a Restricted Subsidiary of the Company of any outstanding Indebtedness of such Unrestricted Subsidiary and such designation shall only be permitted if
(1) such Indebtedness is permitted under Section 4.09, calculated on a Pro Forma Basis as if such designation had occurred at the beginning of the four-quarter reference period; and (2) no Default or Event of Default would be in
existence following such designation. 
 Notwithstanding the foregoing, no Subsidiary of the Company shall be designated an
Unrestricted Subsidiary during any Suspension Period. 
 Section 4.18          Changes
in Covenants when Notes are Rated Investment Grade. 
 If on any date following the Issue Date: 

(a)          the Notes have an Investment Grade Rating from both Rating Agencies;
and 
 (b)          no Default or Event of Default has occurred and is
continuing under this Indenture, 
 then beginning on that day and subject to the provisions of the following paragraph, the
sections specifically listed below will be suspended with respect to the Notes: 

(1)          Section 4.10 (Asset Sales); 

(2)          Section 4.07 (Restricted Payments); 

(3)          Section 4.09 (Incurrence of Indebtedness and
Issuance of Preferred Stock); 
 (4)          Clause (a)(3) of
Section 5.01 (Merger, Consolidation or Sale of Assets); 

(5)          Section 4.08 (Dividend and Other Payment
Restrictions Affecting Subsidiaries); and 
 (6)         
Section 4.11 (Transactions with Affiliates) 
 (collectively, the “Suspended Covenants”). The period
during which covenants are suspended pursuant to this Section 4.18 is called the “Suspension Period.” The Issuers will notify the Trustee of the continuance and termination of any Suspension Period. 

In the event that the Company and the Restricted Subsidiaries are not subject to the Suspended Covenants for any period of
time as a result of this Section 4.18 and, subsequently, one of the Rating Agencies withdraws its ratings or downgrades the rating assigned to the Notes so that the Notes no longer have Investment Grade Ratings from both Rating Agencies or a
Default or Event of Default occurs and is continuing, then the Company and the Restricted Subsidiaries will, from and after such date (the 

  
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“Reinstatement Date”), again be subject to the Suspended Covenants. Notwithstanding the foregoing and any other provision of this Indenture, the Notes or the Note Guarantees, no
Default or Event of Default shall be deemed to exist under this Indenture, the Notes or any Note Guarantees with respect to the Suspended Covenants based on, and none of the Company or any of the Restricted Subsidiaries shall bear any liability with
respect to the Suspended Covenants for (a) any actions taken or events occurring during a Suspension Period (including without limitation any agreements, Liens, preferred stock, obligations (including Indebtedness), or of any other facts or
circumstances or obligations that were incurred or otherwise came into existence during a Suspension Period), or (b) any actions required to be taken at any time pursuant to any contractual obligation entered into during a Suspension Period,
regardless of whether such actions or events would have been permitted if the applicable Suspended Covenants remained in effect during such period. 

In the event of any reinstatement of the Suspended Covenants, all Indebtedness Incurred during the Suspension Period will be
classified as having been Incurred pursuant Section 4.09(b)(2) and all Restricted Payments made after such reinstatement will be calculated as though the limitations contained in Section 4.07 had been in effect prior to, but not during,
the Suspension Period. 
 For purposes of Section 4.08, on the Reinstatement Date, any consensual encumbrances or
restrictions of the type specified in Section 4.08(a) entered into during the Suspension Period will be deemed to have been in effect on the Issue Date, so that they are permitted under Section 4.08(b)(1). 

For purposes of Section 4.11, any Affiliate Transaction entered into after the Reinstatement Date pursuant to a contract,
agreement, loan, advance or guaranty with, or for the benefit of, any Affiliate of the Company entered into during the Suspension Period will be deemed to have been in effect as of the Issue Date for purposes of Section 4.11(b)(4). 

During any period when the Suspended Covenants are suspended, the Board of Directors of the Company may not designate any of
the Company’s Subsidiaries as Unrestricted Subsidiaries pursuant to this Indenture. 
 ARTICLE 5 

SUCCESSORS 

Section 5.01          Merger, Consolidation or Sale of Assets. 

(a)          Neither the Company nor the Issuers will, directly or indirectly, in
a single transaction or series of related transactions, consolidate or merge with or into any other Person or sell, assign, transfer, lease, convey or otherwise dispose of all or substantially all of its properties or assets (determined on a
consolidated basis) to any Person or group of affiliated Persons, or permit any of the Restricted Subsidiaries to enter into any such transaction or transactions if such transaction or transactions, in the aggregate, would result in a sale,
assignment, transfer, lease, conveyance or other disposition of all or substantially all of the properties or assets of the Company and the Restricted Subsidiaries taken as a whole to any other Person or group of Persons unless: 

(1)          either: 

(A)         the Company or an Issuer shall be the surviving or
continuing corporation or 

  
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 (B)         the
Person formed by or surviving such consolidation or merger (if other than the Company or an Issuer) or the Person to which such sale, assignment, transfer, lease, conveyance or other disposition has been made (the “Surviving
Entity”) is a corporation, limited liability company, exempted company, partnership (including a limited partnership and exempted limited partnership) or trust organized or existing or registered under the laws of the Cayman Islands, the
United Kingdom, Ireland or the United States, any state or territory thereof or the District of Columbia (provided that if such Person is not a corporation, (i) a corporate direct or indirect Wholly Owned Restricted Subsidiary of such Person
organized or existing under the laws of the Cayman Islands, the United Kingdom, Ireland or the United States, any state or territory thereof or the District of Columbia, or (ii) a corporation of which such Person is a direct or indirect Wholly
Owned Restricted Subsidiary organized or existing under the laws of the Cayman Islands, the United Kingdom, Ireland or the United States, any state or territory thereof or the District of Columbia, is a
co-issuer of the Notes or becomes a co-issuer of the Notes in connection therewith); 

(2)          the Surviving Entity, if applicable, expressly
assumes, all of the obligations of such Issuer under the Notes and this Indenture, or in the case of the Company, all of the obligations of the Company under the Note Guarantee and this Indenture, pursuant to a supplemental indenture (in form and
substance reasonably satisfactory to the Trustee), executed and delivered to the Trustee; 

(3)          immediately after giving Pro Forma Effect to such
transaction or series of transactions and the assumption contemplated by clause (2) above (including giving effect to any Indebtedness and Acquired Debt, in each case, incurred or anticipated to be incurred in connection with or in respect of
such transaction), the Company, an Issuer or the Surviving Entity, as the case may be, shall be (a) able to incur at least $1.00 of additional Indebtedness (other than Permitted Debt) pursuant to Section 4.09 or (b) have a Fixed
Charge Coverage Ratio that is equal to or greater than the Fixed Charge Coverage Ratio of the Company immediately prior to such consolidation, merger, sale, assignment, transfer, conveyance or other disposition; provided, however, that this
clause (3) shall not apply with respect to the Notes during any Suspension Period; 

(4)          immediately after giving effect to such transaction
or series of transactions and the assumption contemplated by clause (2) above (including, without limitation, giving effect to any Indebtedness and Acquired Debt, in each case, incurred or anticipated to be incurred and any Lien granted in
connection with or in respect of such transaction), no Default or Event of Default shall have occurred and be continuing; and 

(5)          the Company, an Issuer or the Surviving Entity, as
the case may be, shall have delivered to the Trustee an Officer’s Certificate and an Opinion of Counsel (subject to customary assumptions and exceptions), each stating that such consolidation, merger, sale, assignment, transfer, lease,
conveyance or other disposition and, if a supplemental indenture is required in connection with such transaction, such supplemental indenture, complies with the applicable provisions of this Indenture and that all conditions precedent in this
Indenture relating to such transaction have been satisfied. 
 Notwithstanding the foregoing, (i) any merger of the
Company or an Issuer with an Affiliate (other than the other Issuer) incorporated solely for the purpose of reincorporating the Company or an Issuer in another jurisdiction shall be permitted without regard to clause (3) of Section 5.01(a)
and (ii) any consolidation or merger, or any sale, assignment, transfer, conveyance, lease or other disposition of assets between or among the Company and its Restricted Subsidiaries shall be permitted. For purposes of the

  
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foregoing, the transfer (by lease, assignment, sale or otherwise, in a single transaction or series of transactions) of all or substantially all of the properties or assets of one or more
Restricted Subsidiaries of the Company the Capital Stock of which constitutes all or substantially all of the properties and assets of the Company, shall be deemed to be the transfer of all or substantially all of the properties and assets of the
Company. 
 (b)          Each Subsidiary Guarantor will not, and the Company
will not cause or permit any Subsidiary Guarantor to, directly or indirectly, in a single transaction or series of related transactions, consolidate or merge with or into any Person other than the Company, an Issuer or any other Subsidiary Guarantor
unless: 
 (1)          if the Subsidiary Guarantor was a
corporation or limited liability company under the laws of the United States, any State thereof or the District of Columbia, the entity formed by or surviving any such consolidation or merger (if other than the Subsidiary Guarantor) is a corporation
or limited liability company organized and existing under the laws of the United States, any State thereof or the District of Columbia; 

(2)          such entity assumes by supplemental indenture all of
the obligations of the Subsidiary Guarantor under its Note Guarantee; 

(3)          immediately after giving effect to such transaction,
no Default or Event of Default shall have occurred and be continuing; 

(4)          immediately after giving effect to such transaction
and the use of any net proceeds therefrom on a Pro Forma Basis, the Company could satisfy the provisions of clause (a)(3) of this Section 5.01; provided, however, that this clause (4) shall not apply during any Suspension Period; and

 (5)          the Guarantor or the Surviving Entity, as the
case may be, shall have delivered to the Trustee an Officer’s Certificate and an Opinion of Counsel (subject to customary assumptions and exceptions), each stating that such consolidation, merger, sale, assignment, transfer, lease, conveyance
or other disposition and, if a supplemental indenture is required in connection with such transaction, such supplemental indenture, complies with the applicable provisions of this Indenture and that all conditions precedent in this Indenture
relating to such transaction have been satisfied. 
 Notwithstanding the foregoing, the requirements of
Section 5.01(b) will not apply to any transaction pursuant to which such Subsidiary Guarantor is automatically released from its Note Guarantee in accordance with the provisions described under Section 10.04. 

Any reference in this Indenture to a merger, transfer, consolidation, amalgamation, consolidation, assignment, sale,
disposition or transfer, or similar term, shall be deemed to apply to a division of or by a limited liability company, or an allocation of assets to a series of a limited liability company (or the unwinding of such a division or allocation), as if
it were a merger, transfer, consolidation, amalgamation, consolidation, assignment, sale or transfer, or similar term, as applicable, to, of or with a separate Person. 

Section 5.02          Successor Corporation Substituted 

(a) Upon any consolidation or merger of the Issuers or the Company or any sale, assignment, transfer, lease, conveyance or
other disposition of all or substantially all of the assets of the Issuers or the Company in accordance with Section 5.01(a) in which such Issuer or the Company is not the continuing 

  
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entity, the Surviving Entity formed by such consolidation or into which such Issuer or the Company is merged or to which such sale, assignment, transfer, lease, conveyance or other disposition is
made shall succeed to, and be substituted for, and may exercise every right and power of, such Issuer or the Company under this Indenture, the Notes and the Note Guarantee, respectively, with the same effect as if such Surviving Entity had been
named as such and such Issuer or the Company shall be released from its obligations under this Indenture and the notes and the Note Guarantee, respectively; provided, however, that the Issuers or the Company shall not be released from
their obligations under this Indenture or the Notes or the Note Guarantee, respectively, in the case of a lease. 

(b)          Upon any consolidation or merger of any Subsidiary Guarantor with or
into any Person other than the Company or any other Subsidiary Guarantor in accordance with Section 5.01(b) and upon the assumption by the successor Person, by supplemental indenture, executed and delivered to the Trustee and satisfactory in
form to the Trustee, of the Note Guarantee endorsed upon the Notes and the due and punctual performance of all of the covenants and conditions of this Indenture to be performed by the Guarantor, such successor Person will succeed to and be
substituted for the Subsidiary Guarantor with the same effect as if it had been named herein as a Subsidiary Guarantor. All the Note Guarantees so issued will in all respects have the same legal rank and benefit under this Indenture as the Note
Guarantees theretofore and thereafter issued in accordance with the terms of this Indenture as though all of such Note Guarantees had been issued at the date of the execution hereof. 

ARTICLE 6 
 DEFAULTS AND REMEDIES

 Section 6.01          Events of Default. 

Each of the following is an “Event of Default”: 

(1)          default for 30 consecutive days in the payment when
due of interest on the Notes; 
 (2)          default in
payment when due of the principal of or premium, if any, on the Notes (including default in payment when due in connection with the purchase of Notes tendered pursuant to a Change of Control Offer or Net Proceeds Offer on the date specified for such
payment in the applicable offer to purchase); 
 (3)         
default in the observance or performance of any covenant or agreement contained in this Indenture or the Notes, which default continues for a period of 60 days after the Issuers receive written notice specifying the default (and demanding that such
default be remedied) from the Trustee or the Holders (with a copy to the Trustee) of at least 25% of the outstanding principal amount of the Notes; 

(4)          default under any mortgage, indenture or instrument
under which there may be issued or by which there may be secured or evidenced any Indebtedness for money borrowed by the Company or any Restricted Subsidiary of the Company (or the payment of which is guaranteed by the Company or any Restricted
Subsidiary of the Company), whether such Indebtedness or Guarantee now exists, or is created after the Issue Date, if that default: 

(A)          is caused by a failure to pay principal of, or
interest or premium, if any, on such Indebtedness prior to the expiration of the grace period provided in such Indebtedness on the date of such default (a “Payment Default”); or 

  
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 (B)         results
in the acceleration of such Indebtedness prior to express maturity, and, in each case, the principal amount of any such Indebtedness, together with the principal amount of any other such Indebtedness under which there has been a Payment Default or
the maturity of which has been so accelerated, aggregates in excess of the greater of (a) $120.0 million and (b) 5.0% of Consolidated Total Assets (excluding amounts bonded or covered by insurance); 

(5)          failure by the Company or any of its Restricted
Subsidiaries to pay non-appealable final judgments aggregating in excess of the greater of (a) $120.0 million and (b) 5.0% of Consolidated Total Assets (excluding amounts covered by insurance or bonded),
which judgments are not paid, discharged or stayed for a period of more than 60 days after such judgments have become final and non-appealable and, in the event such judgment is covered by insurance, an
enforcement proceeding has been commenced by any creditor upon such judgment or decree which is not promptly stayed; 

(6)          except as permitted by this Indenture, any Note
Guarantee shall be held in any judicial proceeding to be unenforceable or invalid or shall cease for any reason to be in full force and effect or any Guarantor, or any Person acting on behalf of any Guarantor, shall deny or disaffirm its Obligations
under its Note Guarantee if, and only if, in each such case, such default continues for 10 days; 

(7)          the Company or any of its Restricted Subsidiaries
that is a Significant Subsidiary or any group of Restricted Subsidiaries of the Company that, taken together, would constitute a Significant Subsidiary pursuant to or within the meaning of Bankruptcy Law: 

(A)         commences a voluntary case, 

(B)         consents to the entry of an order for relief against it
in an involuntary case, 
 (C)         consents to the appointment
of a custodian of it or for all or substantially all of its property, 

(D)         makes a general assignment for the benefit of its
creditors, or 
 (E)         generally is not paying its debts as
they become due; or 
 (8)          a court of competent
jurisdiction enters an order or decree under any Bankruptcy Law that: 

(A)         is for relief against the Company or any of its
Restricted Subsidiaries that is a Significant Subsidiary or any group of Restricted Subsidiaries of the Company that, taken together, would constitute a Significant Subsidiary in an involuntary case; 

(B)         appoints a custodian of the Company or any of its
Restricted Subsidiaries that is a Significant Subsidiary or any group of Restricted Subsidiaries of the Company that, taken together, would constitute a Significant Subsidiary or for all or substantially all of the property of the Company or any of
its Restricted Subsidiaries that is a Significant Subsidiary or any group of Restricted Subsidiaries of the Company that, taken together, would constitute a Significant Subsidiary; or 

  
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 (C)         
orders the liquidation of the Company or any of its Restricted Subsidiaries that is a Significant Subsidiary or any group of Restricted Subsidiaries of the Company that, taken together, would constitute a Significant Subsidiary; 

and the order or decree remains unstayed and in effect for 90 consecutive days. 

Section 6.02          Acceleration. 

If an Event of Default specified in Section 6.01(7) or (8) occurs and is continuing, then all unpaid principal of,
premium, if any, and accrued and unpaid interest, if any, on all outstanding Notes will become due and payable immediately without further action or notice. If any other Event of Default occurs and is continuing, the Trustee or the Holders of at
least 25% in aggregate principal amount of the then outstanding Notes may declare all amounts owing under the Notes to be due and payable immediately by a notice in writing to the Issuers (and to the Trustee, if given by Holders) specifying the
Event of Default and that it is a “notice of acceleration.” 
 Upon any such declaration, the aggregate principal
of, premium, if any, and accrued and unpaid interest, if any, on the outstanding Notes shall become immediately due and payable. 

The Holders of a majority in aggregate principal amount of the then outstanding Notes by written notice to the Trustee may, on
behalf of all of the Holders of all the Notes, rescind an acceleration or waive any existing Default or Event of Default and its consequences hereunder except a continuing Default or Event of Default in the payment of interest or premium, if any,
on, or the principal of, the Notes (except nonpayment of principal of, premium on, if any, or interest on the Notes that has become due solely because of the acceleration); provided the Issuers have paid the Trustee its reasonable
compensation and reimbursed the Trustee for its expenses, disbursements and advances. 

Section 6.03          Other Remedies. 

If an Event of Default occurs and is continuing, the Trustee may pursue any available remedy to collect the payment of
principal of, premium on, if any, or interest on the Notes or to enforce the performance of any provision of the Notes or this Indenture. 

The Trustee may maintain a proceeding even if it does not possess any of the Notes or does not produce any of them in the
proceeding. A delay or omission by the Trustee or any Holder of a Note in exercising any right or remedy accruing upon an Event of Default shall not impair the right or remedy or constitute a waiver of or acquiescence in the Event of Default. All
remedies are cumulative to the extent permitted by law. 
 Section 6.04          Waiver
of Past Defaults. 
 The Holders of a majority in aggregate principal amount of the then outstanding Notes by written
notice to the Trustee may, on behalf of the Holders of all of the Notes waive any existing Default or Event of Default and its consequences hereunder, except a continuing Default or Event of Default in the payment of principal of, premium on, if
any, or interest on the Notes (including in connection with an offer to purchase); provided, however, that the Holders of a majority in aggregate principal amount of the then outstanding Notes may rescind an acceleration and its consequences,
including any related payment default that resulted from such acceleration pursuant to Section 6.02. Upon any such waiver, such Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured for
every purpose of this Indenture; but no such waiver shall extend to any subsequent or other Default or impair any right consequent thereon. 

  
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 Section 6.05          Control by
Majority. 
 Holders of a majority in aggregate principal amount of the then outstanding Notes may direct the time,
method and place of conducting any proceeding for exercising any remedy available to the Trustee or exercising any trust or power conferred on it. However, the Trustee may refuse to follow any direction that conflicts with law or this Indenture that
the Trustee determines may be unduly prejudicial to the rights of other Holders of Notes (it being understood that the Trustee does not have an affirmative duty to ascertain whether or not any such directions are unduly prejudicial to such Holders)
or that may involve the Trustee in personal liability. The Trustee may take any other action deemed proper by the Trustee which is not inconsistent with such direction. 

Section 6.06          Limitation on Suits. 

No Holder of a Note may pursue any remedy with respect to this Indenture or the Notes unless: 

(1)          such Holder has previously given to the Trustee
written notice that an Event of Default is continuing; 

(2)          Holders of at least 25% in aggregate principal
amount of the then outstanding Notes make a written request to the Trustee to pursue the remedy; 

(3)          such Holder or Holders offer and, if requested,
provide to the Trustee security or indemnity satisfactory to the Trustee against any loss, liability or expense; 

(4)          the Trustee does not comply with such request within
60 days after receipt of the request and the offer of security or indemnity; and 

(5)          during such
60-day period, Holders of a majority in aggregate principal amount of the then outstanding Notes do not give the Trustee a direction inconsistent with such request. 

A Holder of a Note may not use this Indenture to prejudice the rights of another Holder of a Note or to obtain a preference or
priority over another Holder of a Note (it being understood that the Trustee does not have an affirmative duty to ascertain whether or not such actions or forbearances are unduly prejudicial to such Holders). 

Section 6.07          Rights of Holders of Notes to Receive Payment. 

Notwithstanding any other provision of this Indenture, the right of any Holder of a Note to receive payment of principal of,
premium on, if any, or interest on the Note, on or after the respective due dates expressed in the Note (including in connection with an offer to purchase), or to bring suit for the enforcement of any such payment on or after such respective dates,
shall not be impaired or affected without the consent of such Holder. 

Section 6.08          Collection Suit by Trustee. 

If an Event of Default specified in Section 6.01(1) or (2) occurs and is continuing, the Trustee is authorized to
recover judgment in its own name and as trustee of an express trust against the Issuers or the Guarantors for the whole amount of principal of, premium on, if any, and interest, if any, remaining unpaid on, the Notes and interest on overdue
principal and, to the extent lawful, interest and such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and
counsel. 

  
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 Section 6.09          Trustee May File
Proofs of Claim. 
 The Trustee is authorized to file such proofs of claim and other papers or documents as may be
necessary or advisable in order to have the claims of the Trustee (including any claim for the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel) and the Holders of the Notes allowed in any judicial
proceedings relative to the Issuers or the Guarantors (or any other obligor upon the Notes), its creditors or its property and shall be entitled and empowered to collect, receive and distribute any money or other property payable or deliverable on
any such claims and any custodian in any such judicial proceeding is hereby authorized by each Holder to make such payments to the Trustee, and in the event that the Trustee shall consent to the making of such payments directly to the Holders, to
pay to the Trustee any amount due to it for the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel, and any other amounts due the Trustee under Section 7.06. To the extent that the payment of
any such compensation, expenses, disbursements and advances of the Trustee, its agents and counsel, and any other amounts due the Trustee under Section 7.06 out of the estate in any such proceeding, shall be denied for any reason, payment of
the same shall be secured by a Lien on, and shall be paid out of, any and all distributions, dividends, money, securities and other properties that the Holders may be entitled to receive in such proceeding whether in liquidation or under any plan of
reorganization or arrangement or otherwise. Nothing herein contained shall be deemed to authorize the Trustee to authorize or consent to or accept or adopt on behalf of any Holder any plan of reorganization, arrangement, adjustment or composition
affecting the Notes or the rights of any Holder, or to authorize the Trustee to vote in respect of the claim of any Holder in any such proceeding. 

Section 6.10          Priorities. 

After an Event of Default, any moneys or properties distributable in respect of any Issuers’ or any Guarantor’s
obligations under this Indenture, or any money or property collected by the Trustee pursuant to this Article 6, shall be paid out or distributed in the following order: 

First:          to the Trustee (including any predecessor
Trustee), its agents and attorneys for amounts due under Section 7.06, including payment of all compensation, expenses and liabilities incurred, and all advances made, by the Trustee and the costs and expenses of collection; 

Second:      to Holders of Notes for amounts due and unpaid on the Notes for
principal, premium, if any, and interest, if any, ratably, without preference or priority of any kind, according to the amounts due and payable on the Notes for principal, premium, if any, and interest, if any, respectively; and 

Third:         to the Issuers or to such party as a court of
competent jurisdiction shall direct. 
 The Trustee may fix a record date and payment date for any payment to Holders of
Notes pursuant to this Section 6.10. 
 Section 6.11          Undertaking for
Costs. 
 In any suit for the enforcement of any right or remedy under this Indenture or in any suit against the Trustee
for any action taken or omitted by it as a Trustee, a court in its discretion may require the filing by any party litigant in the suit of an undertaking to pay the costs of the suit, and the court in its discretion may assess reasonable costs,
including reasonable attorneys’ fees, against any party litigant in the suit, having due regard to the merits and good faith of the claims or defenses made by the party litigant. This Section 6.11 does not apply to a suit by the Trustee, a
suit by a Holder of a Note pursuant to Section 6.07, or a suit by Holders of more than 10% in aggregate principal amount of the then outstanding Notes. 

  
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 ARTICLE 7 

TRUSTEE 

Section 7.01          Duties of Trustee. 

(a)          If an Event of Default has occurred and is continuing of which a
Responsible Officer of the Trustee has actual notice, the Trustee will exercise such of the rights and powers vested in it by this Indenture, and use the same degree of care and skill in their exercise, as a prudent person would exercise or use
under the circumstances in the conduct of such person’s own affairs. 

(b)          Except during the continuance of an Event of Default: 

(1)          the duties of the Trustee will be determined solely
by the express provisions of this Indenture and the Trustee need perform only those duties that are specifically set forth in this Indenture and no others, and no implied covenants or obligations shall be read into this Indenture against the
Trustee; and 
 (2)          in the absence of willful
misconduct or gross negligence on its part, the Trustee may conclusively rely, as to the truth of the statements and the correctness of the opinions expressed therein, upon certificates or opinions furnished to the Trustee and conforming to the
requirements of this Indenture. However, the Trustee will examine the certificates and opinions to determine whether or not they conform to the requirements of this Indenture, but need not confirm or investigate the accuracy of any mathematical
calculations or other facts stated therein. 
 (c)          The Trustee may not
be relieved from liabilities for its own negligent action, its own negligent failure to act, or its own willful misconduct, except that: 

(1)          this paragraph does not limit the effect of
paragraph (b) of this Section 7.01; 
 (2)         
the Trustee will not be liable for any error of judgment made in good faith by a Responsible Officer, unless it is proved that the Trustee was negligent in ascertaining the pertinent facts; and 

(3)          the Trustee will not be liable with respect to any
action it takes or omits to take in good faith in accordance with a direction received by it pursuant to Section 6.05. 

(d)          Whether or not therein expressly so provided, every provision of
this Indenture that in any way relates to the Trustee is subject to paragraphs (a), (b), and (c) of this Section 7.01. 

(e)          No provision of this Indenture will require the Trustee to expend or
risk its own funds or incur any liability. The Trustee will be under no obligation to exercise any of its rights and powers under this Indenture at the request of any Holders, unless such Holder has offered to the Trustee security or indemnity
satisfactory to it against any loss, liability or expense. 
 (f)          The
Trustee will not be liable for interest on any money received by it except as the Trustee may agree in writing with the Issuers. Money and other property held in trust by the Trustee need not be segregated from other funds except to the extent
required by law. The Trustee shall not be required to give any bond or surety in respect of the performance of its powers or duties hereunder. 

  
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 Section 7.02          Rights of
Trustee. 
 (a)          The Trustee may conclusively rely upon any
document (whether in its original or facsimile form) believed by it to be genuine and to have been signed or presented by the proper Person. The Trustee need not investigate any fact or matter stated in the document. 

(b)          Before the Trustee acts or refrains from acting, it may require an
Officer’s Certificate or an Opinion of Counsel or both. The Trustee will not be liable for any action it takes or omits to take in good faith in reliance on such Officer’s Certificate or Opinion of Counsel. The Trustee may consult with
counsel of its selection and the advice of such counsel or any Opinion of Counsel will be full and complete authorization and protection from liability in respect of any action taken, suffered or omitted by it hereunder in good faith and in reliance
thereon. 
 (c)          The Trustee may act through its attorneys and agents
and will not be responsible for the misconduct or negligence of any agent appointed with due care. 

(d)          The Trustee will not be liable for any action it takes or omits to
take in good faith that it believes to be authorized or within the rights or powers conferred upon it by this Indenture. 

(e)          Unless otherwise specifically provided in this Indenture, any
demand, request, direction or notice from the Issuers will be sufficient if signed by an Officer of each of the Issuers and any resolution of the Board of Directors may be sufficiently evidenced by a Board Resolution.  

(f)          The Trustee will be under no obligation to exercise any of the
rights or powers vested in it by this Indenture at the request or direction of any of the Holders unless such Holders have offered to the Trustee indemnity or security satisfactory to it against the losses, liabilities and expenses that might be
incurred by it in compliance with such request or direction. 
 (g)         
The permissive right of the Trustee to do things enumerated in this Indenture shall not be construed as a duty of the Trustee, and the Trustee shall not be liable for any action taken or omitted to be taken by it in good faith and reasonably
believed by it to be within the discretion or power conferred upon it by this Indenture other than for its own negligence or willful misconduct. 

(h)          The Trustee shall not be required to take notice or be deemed to
have notice of any Default or Event of Default hereunder unless a Responsible Officer has actual knowledge thereof, or the Trustee shall be specifically notified in writing of such Default or Event of Default by the Issuers or by the Holders of at
least 25% of the aggregate principal amount of Notes then outstanding, at the Corporate Trust Office of the Trustee, and such notice references the Notes and this Indenture. 

(i)          The rights, privileges, protections, immunities and benefits given
to the Trustee, including without limitation its right to be compensated, reimbursed, and indemnified, are extended to, and shall be enforceable by, the Trustee in each of its capacities hereunder, and to each Agent, custodian and other Person
employed to act hereunder. 
 (j)          In no event shall the Trustee be
responsible or liable for any failure or delay in the performance of its obligations hereunder arising out of or caused by, directly or indirectly, forces beyond its control, including, without limitation, strikes, work stoppages, accidents, acts of
war or terrorism, civil or military disturbances, nuclear or natural catastrophes or acts of God, and interruptions, loss or malfunctions of utilities, communications or computer (software and hardware) services or other unavailability of the
Federal Reserve Bank wire or facsimile or other wire or communication facility. 

  
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 (k)          The Trustee may
request that the Issuers and the Guarantors deliver an Officer’s Certificate setting forth the names of individuals and/or titles of officers authorized at such time to take specified actions pursuant to this Indenture. 

(l)          In no event shall the Trustee be responsible or liable for any
special, indirect, punitive or consequential loss or damage of any kind whatsoever (including, but not limited to, loss of profit), irrespective of whether the Trustee has been advised of the likelihood of such loss or damage and regardless of the
form of action. 
 (m)          The Trustee will not be bound to make any
investigation into the facts or matters stated in any resolution, certificate, statement, instrument, opinion, report, notice, request, direction, consent, order, bond, debenture, note, other evidence of indebtedness, or other paper or document, but
the Trustee, in its discretion, may make such further inquiry or investigation into such facts or matters as it may see fit, and, if the Trustee shall determine to make such further inquiry or investigation, it will be entitled to examine the books,
records, and premises of the Company, personally or by agent or attorney at the sole cost of the Company and shall incur no liability or additional liability of any kind by reason of such inquiry or investigation. 

(n)          The transferor of any Note shall provide or cause to be provided to
the Trustee all information necessary to allow the Trustee to comply with any applicable tax reporting obligations, including without limitation any cost basis reporting obligations under Section 6045 of the Code. The Trustee may rely on
information provided to it and shall have no responsibility to verify or ensure the accuracy of such information. In connection with any proposed exchange of a certificated Note for a Global Note, each of the Issuers or DTC shall be required to
provide or cause to be provided to the Trustee all information in its possession necessary to allow the Trustee to comply with any applicable tax reporting obligations, including without limitation any cost basis reporting obligations under
Section 6045 of the Code. The Trustee may rely on information provided to it and shall have no responsibility to verify or ensure the accuracy of such information. 

(o)          The Trustee shall not be required to give any bond or surety in
respect of the performance of its powers and duties hereunder. 
 (p)         
The Trustee may request that the Issuers deliver a certificate setting forth the names of individuals and/or titles of officers authorized at such time to take specified actions pursuant to this Indenture. 

Section 7.03          Individual Rights of Trustee. 

The Trustee in its individual or any other capacity may become the owner or pledgee of Notes and may otherwise deal with the
Issuers or any Affiliate of the Issuers with the same rights it would have if it were not Trustee. However, in the event that the Trustee acquires any conflicting interest within the meaning of TIA Section 310(b), it must eliminate such
conflict within 90 days or resign. Any Agent may do the same with like rights and duties. The Trustee is also subject to Section 7.09. 

Section 7.04          Trustee’s Disclaimer. 

The Trustee will not be responsible for and makes no representation as to the validity or adequacy of this Indenture or the
Notes or Note Guarantees, it shall not be accountable for the Company’s use of the proceeds from the Notes or any money paid to the Company or Issuers or upon the Company’s or Issuers’ direction under any provision of this Indenture,
it will not be responsible for the use or application of any money received by any Paying Agent other than the Trustee, and it will not be responsible for any statement 

  
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or recital herein or any statement in the Notes or Note Guarantees or in the Offering Memorandum or any other document in connection with the sale of the Notes or pursuant to this Indenture other
than its certificate of authentication. Under no circumstances shall the Trustee be liable in its individual capacity for the obligations evidenced by the Notes or the Note Guarantees. The Trustee shall have no obligation to independently determine
or verify if any event has occurred or notify the Holders of any event dependent upon the rating of the Notes, or if the rating on the Notes has been changed, suspended or withdrawn by any Rating Agency. The Trustee shall have no obligation to
independently determine or verify if any Change of Control, Suspension Period or Reinstatement Date, or any other event has occurred or notify the Holders of any such event. 

Section 7.05          Notice of Defaults. 

If a Default or Event of Default occurs and is continuing and if it is actually known to a Responsible Officer of the Trustee,
the Trustee will mail to Holders of Notes a notice of the Default or Event of Default within 90 days after it occurs. Except in the case of a Default or Event of Default in payment of principal of, premium on, if any, or interest on any Note, the
Trustee may withhold the notice if and so long as it in good faith determines that withholding the notice is in the interests of the Holders of the Notes. 

Section 7.06          Compensation and Indemnity. 

(a)          The Issuers will pay to the Trustee from time to time such
compensation for its acceptance of this Indenture and services hereunder as mutually agreed to in writing. The Trustee’s compensation will not be limited by any law on compensation of a trustee of an express trust. The Issuers will reimburse
the Trustee promptly upon request for all reasonable disbursements, advances and expenses incurred or made by it in addition to the compensation for its services. Such expenses will include the reasonable compensation, disbursements and expenses of
the Trustee’s agents and counsel. 
 (b)          The Issuers and the
Guarantors will jointly and severally indemnify the Trustee and its directors, officers, agents and employees against any and all losses, liabilities or expenses, including reasonable attorney’s fees and expenses, incurred by it arising out of
or in connection with the acceptance or administration of its duties under this Indenture, including the costs and expenses of enforcing this Indenture against the Issuers and the Guarantors (including this Section 7.06) and defending itself
against any claim (whether asserted by the Issuers, the Guarantors, any Holder or any other Person) or liability in connection with the exercise or performance of any of its rights, powers or duties hereunder, and including reasonable
attorneys’ fees and expenses and court costs incurred in connection with any action, claim or suit brought to enforce the Trustee’s right to compensation, reimbursement or indemnification, except to the extent any such loss, liability or
expense may be attributable to its negligence or willful misconduct as finally adjudicated by a court of competent jurisdiction. The Trustee will notify the Issuers promptly of any claim for which it may seek indemnity. Failure by the Trustee to so
notify the Issuers will not relieve the Issuers or any of the Guarantors of their obligations hereunder. The Issuers or such Guarantor will defend the claim and the Trustee will cooperate in the defense. The Trustee may have separate counsel and the
Issuers will pay the reasonable fees and expenses of such counsel. Neither the Issuers nor any Guarantor need pay for any settlement made without its consent, which consent will not be unreasonably withheld. 

(c)          The obligations of the Issuers and the Guarantors under this
Section 7.06 will survive the resignation or removal of the Trustee and the satisfaction and discharge of this Indenture. 

(d)          To secure the Issuers’ and the Guarantors’ payment
obligations in this Section 7.06, the Trustee will have a Lien prior to the Notes on all money or property held or collected by the Trustee, except that held in trust to pay principal of, premium on, if any, or interest on particular Notes.
Such Lien will survive the satisfaction and discharge of this Indenture. 

  
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 (e)          When the Trustee
incurs expenses or renders services after an Event of Default specified in Section 6.01(8) or (9) occurs, the expenses and the compensation for the services (including the fees and expenses of its agents and counsel) are intended to
constitute expenses of administration under any Bankruptcy Law. 
 (f)         
“Trustee” for the purposes of this Section 7.06 shall include any predecessor Trustee and the Trustee in each of its capacities hereunder and each agent, custodian and other person employed to act hereunder; provided,
however, that the negligence or willful misconduct of any Trustee hereunder shall not affect the rights of any other Trustee hereunder. 

Section 7.07          Replacement of Trustee. 

(a)          A resignation or removal of the Trustee and appointment of a
successor Trustee will become effective only upon the successor Trustee’s acceptance of appointment as provided in this Section 7.07. 

(b)          The Trustee may resign in writing at any time upon 30 days’
notice and be discharged from the trust hereby created by so notifying the Issuers. The Holders of a majority in aggregate principal amount of the then outstanding Notes may remove the Trustee by so notifying the Trustee upon 30 days’ notice
and the Issuers in writing. The Issuers may remove the Trustee upon 30 days’ notice if: 

(1)          the Trustee fails to comply with Section 7.09;

 (2)          the Trustee is adjudged a bankrupt or an
insolvent or an order for relief is entered with respect to the Trustee under any Bankruptcy Law; 

(3)          a custodian or public officer takes charge of the
Trustee or its property; or 
 (4)          the Trustee becomes
incapable of acting. 
 (c)          If the Trustee resigns or is removed or if
a vacancy exists in the office of Trustee for any reason, the Issuers will promptly appoint a successor Trustee. Within one year after the successor Trustee takes office, the Holders of a majority in aggregate principal amount of the then
outstanding Notes may appoint a successor Trustee to replace the successor Trustee appointed by the Issuers. 

(d)          If a successor Trustee does not take office within 60 days after the
retiring Trustee resigns or is removed, the retiring Trustee, the Issuers, or the Holders of at least 10% in aggregate principal amount of the then outstanding Notes may petition any court of competent jurisdiction for the appointment of a successor
Trustee at the expense of the Issuers. 
 (e)          If the Trustee, after
written request by any Holder who has been a Holder for at least six months, fails to comply with Section 7.09, such Holder may petition any court of competent jurisdiction for the removal of the Trustee and the appointment of a successor
Trustee at the expense of the Issuers. 
 (f)          A successor Trustee will
deliver a written acceptance of its appointment to the retiring Trustee and to the Issuers. Thereupon, the resignation or removal of the retiring Trustee will become effective, and the successor Trustee will have all the rights, powers and duties of
the Trustee under this Indenture. The successor Trustee will send a notice of its succession to Holders. The retiring Trustee will promptly transfer all property held by it as Trustee to the successor Trustee; provided all sums owing to the
Trustee hereunder have been paid and subject to the Lien provided for in Section 7.06. Notwithstanding 

  
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replacement of the Trustee pursuant to this Section 7.07, the Issuers’ obligations under Section 7.06 will continue for the benefit of the retiring Trustee. 

Section 7.08          Successor Trustee by Merger, etc. 

If the Trustee consolidates, merges or converts into, or transfers all or substantially all of its corporate trust business
to, another corporation, the successor corporation without any further act will be the successor Trustee. 

Section 7.09          Eligibility; Disqualification. 

There will at all times be a Trustee hereunder that is a corporation organized and doing business under the laws of the United
States of America or of any state thereof that is authorized under such laws to exercise corporate trustee power, that is subject to supervision or examination by federal or state authorities and that has a combined capital and surplus of at least
$100.0 million as set forth in its most recent published annual report of condition. 

Section 7.10          Statements. 

The Trustee shall furnish the Issuers periodic cash transaction statements which include detail for all investment
transactions effected by the Trustee or brokers selected by the Issuers. Upon the Issuers’ election, such statements will be delivered via the Trustee’s online service and upon electing such service, paper statements will be provided only
upon request. The Issuers waive the right to receive brokerage confirmations of security transactions effected by the Trustee as they occur, to the extent permitted by law. The Issuers further understand that trade confirmations for securities
transactions effected by the Trustee will be available upon request and at no additional cost and other trade confirmations may be obtained from the applicable broker. 

ARTICLE 8 
 LEGAL DEFEASANCE AND
COVENANT DEFEASANCE 
 Section 8.01          Option to Effect Legal Defeasance or
Covenant Defeasance. 
 The Issuers may, at their option and at any time, elect to have either Section 8.02 or 8.03
be applied to all outstanding Notes upon compliance with the conditions set forth below in this Article 8. 

Section 8.02          Legal Defeasance and Discharge. 

Upon the Issuers’ exercise under Section 8.01 of the option applicable to this Section 8.02, the Issuers and
each of the Guarantors will, subject to the satisfaction of the conditions set forth in Section 8.04, be deemed to have been discharged from their obligations with respect to all outstanding Notes (including the Note Guarantees) on the date the
conditions set forth below are satisfied (hereinafter, “Legal Defeasance”). For this purpose, Legal Defeasance means that the Issuers and the Guarantors will be deemed to have paid and discharged the entire Indebtedness represented
by the outstanding Notes (including the Note Guarantees), which will thereafter be deemed to be “outstanding” only for the purposes of Section 8.05 and the other Sections of this Indenture referred to in clauses (1) and (2)
below, and to have satisfied all their other obligations under such Notes, the Note Guarantees and this Indenture (and the Trustee, on demand of and at the expense of the Issuers, shall execute proper instruments acknowledging the same), except for
the following provisions which will survive until otherwise terminated or discharged hereunder: 

  
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 (1)         
the rights of Holders of outstanding Notes to receive payments in respect of the principal of, premium on, if any, or interest on such Notes when such payments are due from the trust referred to in Section 8.04; 

(2)          the Issuers’ obligations with respect to the
Notes concerning issuing temporary Notes, registration of Notes, mutilated, destroyed, lost or stolen Notes and the maintenance of an office or agency for payment and money for security payments held in trust under Article 2 and Section 4.02;

 (3)          the rights, powers, trusts, duties and
immunities of the Trustee hereunder and the Issuers’ and the Guarantors’ obligations in connection therewith; and 

(4)          the Legal Defeasance provisions of this Article 8.

 Subject to compliance with this Article 8, the Issuers may exercise their option under this Section 8.02
notwithstanding the prior exercise of their option under Section 8.03. 

Section 8.03          Covenant Defeasance. 

Upon the Issuer’s exercise under Section 8.01 of the option applicable to this Section 8.03, the Issuers and
each of the Guarantors will, subject to the satisfaction of the conditions set forth in Section 8.04, be released from each of their obligations under the covenants contained in Sections 4.07, 4.08, 4.09, 4.10, 4.11, 4.12, 4.13, 4.14, 4.16,
4.17 and 4.18 and clause (3) of Section 5.01 with respect to the outstanding Notes on and after the date the conditions set forth in Section 8.04 are satisfied (hereinafter, “Covenant Defeasance”), and the Notes will
thereafter be deemed not “outstanding” for the purposes of any direction, waiver, consent or declaration or act of Holders (and the consequences of any thereof) in connection with such covenants, but will continue to be deemed
“outstanding” for all other purposes hereunder (it being understood that such Notes will not be deemed outstanding for accounting purposes). For this purpose, Covenant Defeasance means that, with respect to the outstanding Notes and
Guarantees, the Issuers and the Guarantors may omit to comply with and will have no liability in respect of any term, condition or limitation set forth in any such covenant, whether directly or indirectly, by reason of any reference elsewhere herein
to any such covenant or by reason of any reference in any such covenant to any other provision herein or in any other document and such omission to comply will not constitute a Default or an Event of Default under Section 6.01, but, except as
specified above, the remainder of this Indenture and such Notes and Note Guarantees will be unaffected thereby. In addition, upon the Issuers’ exercise under Section 8.01 of the option applicable to this Section 8.03, subject to the
satisfaction of the conditions set forth in Section 8.04, Sections 6.01(3), (4), (5), (6), (7) and (8) will not constitute Events of Default. 

Section 8.04          Conditions to Legal or Covenant Defeasance. 

In order to exercise either Legal Defeasance or Covenant Defeasance under either Section 8.02 or 8.03: 

(1) the Issuers must irrevocably deposit with the Trustee, in trust, for the benefit of the Holders of the
Notes, cash in U.S. dollars, U.S. Government Obligations, or a combination thereof, in such amounts as will be sufficient (without consideration of any reinvestment of interest), in the opinion of a nationally recognized investment bank, appraisal
firm or firm of independent public accountants delivered to the Trustee, to pay the principal of, premium, if any, and interest on the outstanding Notes on the Stated Maturity or on the applicable redemption date, as the case may be, and the Issuers
must specify whether the Notes are being defeased to maturity or to a particular redemption date; 

  
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 (2)          in
the case of an election under Section 8.02, the Issuers shall have delivered to the Trustee an Opinion of Counsel (subject to customary assumptions and exceptions) confirming that: 

(A)         the Issuers have received from, or there has been
published by, the Internal Revenue Service a ruling; or 

(B)         since the Issue Date, there has been a change in the
applicable U.S. federal income tax law, 
 in either case to the effect that, and based thereon such Opinion of Counsel
shall confirm that, the Holders or the beneficial owners of the outstanding Notes will not recognize income, gain or loss for U.S. federal income tax purposes as a result of such Legal Defeasance and will be subject to U.S. federal income tax on the
same amounts, in the same manner and at the same times as would have been the case if such Legal Defeasance had not occurred; 

(3)          in the case of an election under Section 8.03,
the Issuers shall have delivered to the Trustee an Opinion of Counsel (subject to customary assumptions and exceptions) confirming that the Holders of the outstanding Notes will not recognize income, gain or loss for U.S. federal income tax purposes
as a result of such Covenant Defeasance and will be subject to U.S. federal income tax on the same amounts, in the same manner and at the same times as would have been the case if such Covenant Defeasance had not occurred; 

(4)          no Default or Event of Default shall have occurred
and be continuing on the date of such deposit (other than a Default or Event of Default resulting from the borrowing of funds to be applied to such deposit); 

(5)          such Legal Defeasance or Covenant Defeasance will
not result in a breach or violation of, or constitute a default under this Indenture or any material agreement or instrument to which the Company or any of its Subsidiaries is a party or by which the Company or any of its Subsidiaries is bound
(other than any such default under this Indenture resulting solely from the borrowing of funds to be applied to such deposit); 

(6)          the Issuers must deliver to the Trustee an
Officer’s Certificate stating that the deposit was not made by the Issuers with the intent of preferring the Holders of Notes over the other creditors of the Issuers with the intent of defeating, hindering, delaying or defrauding creditors of
the Issuers or others; and 
 (7)          the Issuers must
deliver to the Trustee an Officer’s Certificate and an Opinion of Counsel (subject to customary assumptions and exceptions), each stating that all conditions precedent relating to the Legal Defeasance or the Covenant Defeasance have been
complied with. 
 Section 8.05          Deposited Money and U.S. Government Obligations
to be Held in Trust; Other Miscellaneous Provisions. 
 Subject to Section 8.06, all money and non-callable U.S. Government Obligations (including the proceeds thereof) deposited with the Trustee (or other qualifying trustee, collectively for purposes of this Section 8.05, the “Trustee”)
pursuant to Section 8.04 in respect of the outstanding Notes will be held in trust and applied by the Trustee, in accordance with the provisions of such Notes and this Indenture, to the payment, either directly or through any Paying Agent
(including the Issuers acting as Paying Agent) as the Trustee may determine, to the Holders of such Notes of all sums due and to become due thereon in respect 

  
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of principal, premium, if any, and interest, but such money need not be segregated from other funds except to the extent required by law. 

The Issuers will pay and indemnify the Trustee against any tax, fee or other charge imposed on or assessed against the cash or
non-callable U.S. Government Obligations deposited pursuant to Section 8.04 or the principal and interest received in respect thereof other than any such tax, fee or other charge which by law is for the
account of the Holders of the outstanding Notes. 
 Notwithstanding anything in this Article 8 to the contrary, the Trustee
will deliver or pay to the Issuers from time to time upon the request of the Issuers any money or non-callable U.S. Government Obligations held by it as provided in Section 8.04 which, in the opinion of a
nationally recognized firm of independent public accountants expressed in a written certification thereof delivered to the Trustee (which may be the opinion delivered under Section 8.04(1)), are in excess of the amount thereof that would then
be required to be deposited to effect an equivalent Legal Defeasance or Covenant Defeasance. 

Section 8.06          Repayment to Issuers. 

Any money deposited with the Trustee or any Paying Agent, or then held by the Issuers, in trust for the payment of the
principal of, premium on, if any, or interest on any Note and remaining unclaimed for two years after such principal, premium, if any, or interest has become due and payable shall, subject to applicable abandoned property law, be paid to the Issuers
on its request or (if then held by the Issuers) will be discharged from such trust; and the Holder of such Note will thereafter be permitted to look only to the Issuers for payment thereof, and all liability of the Trustee or such Paying Agent with
respect to such trust money, and all liability of the Issuers as trustee thereof, will thereupon cease; provided, however, that the Trustee or such Paying Agent, before being required to make any such repayment, may at the expense of the
Issuers cause to be published once, in the New York Times and The Wall Street Journal (national edition), notice that such money remains unclaimed and that, after a date specified therein, which will not be less than 30 days from the date of such
notification or publication, any unclaimed balance of such money then remaining will be repaid to the Issuers. 

Section 8.07          Reinstatement. 

If the Trustee or Paying Agent is unable to apply any U.S. dollars or non-callable
U.S. Government Obligations in accordance with Section 8.02 or 8.03, as the case may be, by reason of any order or judgment of any court or governmental authority enjoining, restraining or otherwise prohibiting such application, then the
Issuers’ and the Guarantors’ obligations under this Indenture and the Notes and the Note Guarantees will be revived and reinstated as though no deposit had occurred pursuant to Section 8.02 or 8.03 until such time as the Trustee or
Paying Agent is permitted to apply all such money in accordance with Section 8.02 or 8.03, as the case may be; provided, however, that, if the Issuers make any payment of principal of, premium on, if any, or interest on, any Note
following the reinstatement of its obligations, the Issuers will be subrogated to the rights of the Holders of such Notes to receive such payment from the money held by the Trustee or Paying Agent. 

ARTICLE 9 
 AMENDMENT, SUPPLEMENT
AND WAIVER 
 Section 9.01          Without Consent of Holders of Notes. 

Notwithstanding Section 9.02, without the consent of any Holder of Notes, the Issuers, the Guarantors and the Trustee may
amend or supplement this Indenture, the Notes or the Note Guarantees: 

  
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 (1)          to
cure any ambiguity, omission, defect or inconsistency; 

(2)          to provide for uncertificated Notes in addition to
or in place of certificated Notes; 
 (3)          to provide
for the assumption of the Issuers’ or a Guarantor’s obligations to the Holders of the Notes in the case of a merger or consolidation or sale of all or substantially all of the Issuers’ or a Guarantor’s assets; 

(4)          to make any change that would provide any additional
rights or benefits to the Holders of the Notes or that does not adversely affect the legal rights hereunder of any Holder in any material respect; 

(5)          to add any Person as a Guarantor; provided any such
supplemental indenture may be signed by the Issuers, the Guarantor providing the Note Guarantee and the Trustee; 

(6)          to remove a Guarantor which, in accordance with the
terms of this Indenture, ceases to be liable in respect of its Note Guarantee or to evidence the release of any Guarantor permitted to be released under the terms of this Indenture or to allow any Guarantor to execute a supplemental Indenture and/or
a Note Guarantee with respect to the Notes; 
 (7)          to
evidence and provide for the acceptance of appointment under this Indenture by a successor Trustee; 

(8)          to secure all of the Notes and the Note Guarantees;

 (9)          to add to the covenants of the Issuers or any
Guarantor for the benefit of the Holders or to surrender any right or power conferred upon the Issuers or any Guarantor; 

(10)        to conform the text of this Indenture, the Notes, the Note
Guarantees to any provision of the “Description of Notes” section of the Offering Memorandum, to the extent that such provision in that “Description of Notes” was intended to be a verbatim recitation of a provision of this
Indenture, the Notes, the Note Guarantees; 
 (11)        to provide for
the issuance of Additional Notes in accordance with the limitations set forth in this Indenture; or 

(12)        to comply with the provisions of the Depositary or the Trustee
with respect to Article 2 of this Indenture. 
 Upon the request of the Issuers accompanied by a resolution of its Board of
Directors authorizing the execution of any such amended or supplemental indenture, and upon receipt by the Trustee of the documents described in Sections 7.02 and 9.05, the Trustee will join with the Issuers and the Guarantors in the execution of
any amended or supplemental indenture authorized or permitted by the terms of this Indenture and to make any further appropriate agreements and stipulations that may be therein contained, but the Trustee will not be obligated to enter into such
amended or supplemental indenture that affects its own rights, duties or immunities under this Indenture or otherwise. 

Section 9.02          With Consent of Holders of Notes. 

Except as provided below in this Section 9.02, the Issuers, the Guarantors and the Trustee may amend or supplement this
Indenture (including, without limitation, Section 3.09, 4.10 and 4.14) and the 

  
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Notes and the Note Guarantees with the consent of the Holders of at least a majority in aggregate principal amount of the then outstanding Notes (including, without limitation, Additional Notes,
if any) voting as a single class (including, without limitation, consents obtained in connection with a tender offer or exchange offer for, or purchase of, the Notes), and, subject to Sections 6.04 and 6.07, any existing Default or Event of Default
(other than a Default or Event of Default in the payment of the principal of, premium on, if any, or interest on the Notes, except a payment default resulting from an acceleration that has been rescinded) or compliance with any provision of this
Indenture or the Notes or the Note Guarantees may be waived with the consent of the Holders of a majority in aggregate principal amount of the then outstanding Notes (including, without limitation, Additional Notes, if any) voting as a single class
(including, without limitation, consents obtained in connection with a tender offer or exchange offer for, or purchase of, the Notes). Section 2.08 shall determine which Notes are considered to be “outstanding” for
purposes of this Section 9.02. 
 Upon the request of the Issuers accompanied by a resolution of their respective Board
of Directors or managers, as applicable, authorizing the execution of any such amended or supplemental indenture, and upon the filing with the Trustee of evidence satisfactory to the Trustee of the consent of the Holders of Notes as aforesaid, and
upon receipt by the Trustee of the documents described in Sections 7.02 and Section 9.05, the Trustee will join with the Issuers and the Guarantors in the execution of such amended or supplemental indenture unless such amended or supplemental
indenture directly affects the Trustee’s own rights, duties or immunities under this Indenture or otherwise, in which case the Trustee may in its discretion, but will not be obligated to, enter into such amended or supplemental Indenture. 

It is not necessary for the consent of the Holders of Notes under this Section 9.02 to approve the particular form of any
proposed amendment, supplement or waiver, but it is sufficient if such consent approves the substance thereof. The Issuers may, but shall not be obligated to, fix a record date for the purpose of determining the Persons entitled to consent to any
supplemental indenture hereto. If a record date is fixed, the Holders on such record date, or their duly designated proxies, and only such Persons, shall be entitled to consent to such supplemental indenture, whether or not such Holders remain
Holders after such record date; provided that unless such consent shall have become effective by virtue of the requisite percentage having been obtained prior to the date which is 90 days after such record date, any such consent
previously given shall automatically and without further action by any Holder be cancelled and of no further effect. 

After an amendment, supplement or waiver under this Section 9.02 becomes effective, the Issuers will mail to the Holders
of Notes affected thereby a notice briefly describing the amendment, supplement or waiver. Any failure of the Issuers to mail such notice, or any defect therein, will not, however, in any way impair or affect the validity of any such amended or
supplemental indenture or waiver. Subject to Sections 6.04 and 6.07, the Holders of a majority in aggregate principal amount of the Notes then outstanding voting as a single class may waive compliance in a particular instance by the Issuers with any
provision of this Indenture, the Notes or the Note Guarantees. However, without the consent of each Holder affected, an amendment, supplement or waiver under this Section 9.02 may not (with respect to any Notes held by a non-consenting Holder): 

(1)          reduce the principal amount of Notes whose Holders
must consent to an amendment, supplement or waiver, including the waiver of Defaults or Events of Default, or to a rescission and cancellation of a declaration of acceleration of the Notes; 

(2)          reduce the rate of or change or have the effect of
changing the time for payment of interest, including default interest, on any Note; 

  
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 (3)         
reduce the principal of or change or have the effect of changing the fixed maturity of any Note or alter or waive any of the provisions with respect to the redemption of the Notes (except as provided above with respect to Sections 3.09, 4.10 and
4.14); 
 (4)          make any Notes payable in money other
than that stated in the Notes; 
 (5)          make any change
in the provisions of this Indenture relating to waivers of past Defaults or the rights of Holders of Notes to receive payments of principal of, premium on, if any, or interest on the Notes on or after the due date thereof or to bring suit to enforce
such payment; 
 (6)          waive a Default or Event of
Default in the payment of principal of, interest or premium, if any, on, the Notes; provided that this clause (6) shall not limit the right of the Holders of at least a majority in aggregate principal amount of the outstanding Notes to rescind
and cancel a declaration of acceleration of the Notes following delivery of an acceleration notice as described in Section 6.02); 

(7)          release any Guarantor from any of its obligations
under its Note Guarantee or this Indenture, except in accordance with the terms of this Indenture; or 

(8)          contractually subordinate the Notes or the Note
Guarantees to any other Indebtedness; or 
 (9)          make
any change in this Section 9.02. 
 Section 9.03          Revocation and Effect of
Consents. 
 Until an amendment, supplement or waiver becomes effective, a consent to it by a Holder of a Note is a
continuing consent by the Holder of a Note and every subsequent Holder of a Note or portion of a Note that evidences the same debt as the consenting Holder’s Note, even if notation of the consent is not made on any Note. However, any such
Holder of a Note or subsequent Holder of a Note may revoke the consent as to its Note if the Trustee receives written notice of revocation before the date the amendment, supplement or waiver becomes effective. An amendment, supplement or waiver
becomes effective in accordance with its terms and thereafter binds every Holder. 

Section 9.04          Notation on or Exchange of Notes. 

The Trustee may place an appropriate notation about an amendment, supplement or waiver on any Note thereafter authenticated.
The Issuers in exchange for all Notes may issue and the Trustee shall, upon receipt of an Authentication Order, authenticate new Notes that reflect the amendment, supplement or waiver. 

Failure to make the appropriate notation or issue a new Note will not affect the validity and effect of such amendment,
supplement or waiver. 
 Section 9.05          Trustee to Sign Amendments, etc.

 The Trustee will sign any amended or supplemental indenture authorized pursuant to this Article 9 if the amendment or
supplement does not adversely affect the rights, duties, liabilities or immunities of the Trustee. The Issuers may not sign an amended or supplemental indenture until the Board of Directors or manager, as applicable, of the Issuers has authorized or
approved it, or delegated authority to authorize or approve it. In executing any amended or supplemental indenture, the Trustee shall receive and (subject to 

  
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Section 7.01) will be fully protected in conclusively relying upon, in addition to the documents required by Section 12.04, an Officer’s Certificate and an Opinion of Counsel
stating that the execution of such amended or supplemental indenture is authorized or permitted by this Indenture, and that it will be valid and binding upon the Issuers and the Guarantors in accordance with its terms. 

ARTICLE 10 
 NOTE GUARANTEES 

Section 10.01          Guarantee. 

(a)          Subject to this Article 10, each of the Guarantors hereby, jointly
and severally, unconditionally guarantees to each Holder of a Note authenticated and delivered by the Trustee and to the Trustee and its successors and assigns, irrespective of the validity and enforceability of this Indenture, the Notes or the
obligations of the Issuers hereunder or thereunder, that: 

(1)          the principal of, premium on, if any, and interest
on the Notes will be promptly paid in full when due, whether at maturity, by acceleration, redemption or otherwise, and interest on the overdue principal of, premium on, if any, and interest on the Notes, if lawful, and all other obligations of the
Issuers to the Holders or the Trustee hereunder or thereunder will be promptly paid in full or performed, all in accordance with the terms hereof and thereof; and 

(2)          in case of any extension of time of payment or
renewal of any Notes or any of such other obligations, that same will be promptly paid in full when due or performed in accordance with the terms of the extension or renewal, whether at stated maturity, by acceleration or otherwise. 

Failing payment when due of any amount so guaranteed or any performance so guaranteed for whatever reason, the Guarantors will
be jointly and severally obligated to pay the same immediately. Each Guarantor agrees that this is a guarantee of payment and not a guarantee of collection. 

(b)          The Guarantors hereby agree that their obligations hereunder are
unconditional, irrespective of the validity, regularity or enforceability of the Notes or this Indenture, the absence of any action to enforce the same, any waiver or consent by any Holder of the Notes with respect to any provisions hereof or
thereof, the recovery of any judgment against the Issuers, any action to enforce the same or any other circumstance which might otherwise constitute a legal or equitable discharge or defense of a guarantor. Each Guarantor hereby waives diligence,
presentment, demand of payment, filing of claims with a court in the event of insolvency or bankruptcy of the Issuers, any right to require a proceeding first against the Issuers, protest, notice and all demands whatsoever and covenant that this
Note Guarantee will not be discharged except by complete performance of the obligations contained in the Notes and this Indenture. 

(c)          If any Holder or the Trustee is required by any court or otherwise
to return to the Issuers, the Guarantors or any custodian, trustee, liquidator or other similar official acting in relation to either the Issuers or the Guarantors, any amount paid by either to the Trustee or such Holder, this Note Guarantee, to the
extent theretofore discharged, will be reinstated in full force and effect. 

(d)          Each Guarantor agrees that it will not be entitled to any right of
subrogation in relation to the Holders in respect of any obligations guaranteed hereby until payment in full of all obligations guaranteed hereby. Each Guarantor further agrees that, as between the Guarantors, on the one hand, and the Holders and
the Trustee, on the other hand, (1) the maturity of the obligations guaranteed hereby may be accelerated as provided in Article 6 for the purposes of this Note Guarantee, notwithstanding any stay, injunction or other prohibition preventing such
acceleration in respect of the obligations guaranteed hereby, 

  
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and (2) in the event of any declaration of acceleration of such obligations as provided in Article 6, such obligations (whether or not due and payable) will forthwith become due and payable
by the Guarantors for the purpose of this Note Guarantee. The Guarantors will have the right to seek contribution from any non-paying Guarantor so long as the exercise of such right does not impair the rights
of the Holders under the Note Guarantee. 
 Section 10.02          Limitation on
Guarantor Liability. 
 Each Guarantor, and by its acceptance of Notes, each Holder, hereby confirms that it is the
intention of all such parties that the Note Guarantee of such Guarantor not constitute a fraudulent transfer or conveyance for purposes of Bankruptcy Law, the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act or any similar
federal or state law to the extent applicable to any Note Guarantee. To effectuate the foregoing intention, the Trustee, the Holders and the Guarantors hereby irrevocably agree that the obligations of such Guarantor will be limited to the maximum
amount that will, after giving effect to such maximum amount and all other contingent and fixed liabilities of such Guarantor that are relevant under such laws, and after giving effect to any collections from, rights to receive contribution from or
payments made by or on behalf of any other Guarantor in respect of the obligations of such other Guarantor under this Article 10, result in the obligations of such Guarantor under its Note Guarantee not constituting a fraudulent transfer or
conveyance. 
 Section 10.03          Execution and Delivery of Note Guarantee.

 To evidence its Note Guarantee set forth in Section 10.01, each Guarantor hereby agrees that a notation of such Note
Guarantee substantially in the form attached as Exhibit E hereto will be endorsed by an Officer of such Guarantor on each Note authenticated and delivered by the Trustee and that this Indenture will be executed on behalf of such Guarantor by one of
its Officers. 
 Each Guarantor hereby agrees that its Note Guarantee set forth in Section 10.01 will remain in full
force and effect notwithstanding any failure to endorse on each Note a notation of such Note Guarantee. 
 If an Officer
whose signature is on this Indenture or on the Note Guarantee no longer holds that office at the time the Trustee authenticates the Note on which a Note Guarantee is endorsed, the Note Guarantee will be valid nevertheless. 

The delivery of any Note by the Trustee, after the authentication thereof hereunder, will constitute due delivery of the Note
Guarantee set forth in this Indenture on behalf of the Guarantors. 
 In the event that the Company or any of its Restricted
Subsidiaries creates or acquires any Subsidiary after the Issue Date, if required by Section 4.16, the Company will cause such Subsidiary to comply with the provisions of Section 4.16 and this Article 10, to the extent applicable. 

Section 10.04        Releases. 

(a)          Upon any sale or other disposition of all or substantially all of
the assets of that Subsidiary Guarantor (including by way of merger or consolidation), in a transaction not prohibited by Section 4.10, to any Person who is not (either before or after giving effect to the transaction) the Company or another
Subsidiary Guarantor, such Guarantor will be automatically released and relieved of any obligations under its Note Guarantee; 

(b)          In connection with any sale or other disposition of all of the
Capital Stock of that Subsidiary Guarantor, in a transaction not prohibited by Section 4.10, to any Person who is not (either before or after 

  
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giving effect to the transaction) the Company or another Subsidiary Guarantor, such Guarantor will be automatically released and relieved of any obligations under its Note Guarantee; 

provided, in both clauses (a) and (b), that the Net Proceeds of such sale or other disposition are applied in accordance with the
applicable provisions of this Indenture, including without limitation Section 4.10. 

(c)          Upon the release or discharge of such Subsidiary Guarantor from its
Guarantee of Indebtedness under the Credit Agreement (including by reason of the termination of the Credit Agreement) and any other Credit Facility, including the Guarantee that resulted in the obligation of such Subsidiary Guarantor to Guarantee
the Notes, except a release or discharge by or as a result of payment under such Note Guarantee (it being understood that a release subject to a contingent reinstatement is still a release, and that if any such Guarantee of Indebtedness under the
Credit Agreement or any other Credit Facility is reinstated, such Note Guarantee shall also be reinstated to the extent that such Subsidiary Guarantor would then be required to provide a Note Guarantee pursuant to Section 4.16); provided
that if such Subsidiary Guarantor has incurred any Indebtedness in reliance on its status as a Subsidiary Guarantor under Section 4.09, such Subsidiary Guarantor’s obligations under such Indebtedness so incurred are satisfied in full
and discharged or are otherwise permitted to be incurred by a Restricted Subsidiary (other than a Subsidiary Guarantor) under Section 4.09, such Guarantor will be automatically released and relieved of any obligations under its Note Guarantee.

 (d)          if such Subsidiary Guarantor merges with and into the Company
or an Issuer, with the Company or an Issuer surviving such merger, such Guarantor will be automatically released and relieved of any obligations under its Note Guarantee; 

(e)          If such Subsidiary Guarantor becomes an Excluded Subsidiary in
accordance with the terms of this Indenture or otherwise ceases to be a Restricted Subsidiary (including by way of liquidation or dissolution) in a transaction not prohibited by this Indenture, such Guarantor will be automatically released and
relieved of any obligations under its Note Guarantee. 
 (f)          Upon
Legal Defeasance or Covenant Defeasance in accordance with Article 8 or satisfaction and discharge of this Indenture in accordance with Article 11, each Guarantor will be automatically released and relieved of any obligations under its Note
Guarantee. 
 (g)          If it is determined in good faith by the Company
that a liquidation, dissolution or merger out of existence of any Subsidiary Guarantor is in the best interests of the Company and is not materially disadvantageous to the Holders, such Guarantor will be automatically released and relieved of any
obligations under its Note Guarantee. 
 The Note Guarantee of the Company will be automatically released, in connection
with any transaction resulting in the creation of a Parent Entity, upon the release or discharge of the Company from its Guarantee of Indebtedness under the Credit Agreement (including by reason of the termination of the Credit Agreement) and any
other Credit Facility (it being understood that a release subject to a contingent reinstatement is still a release, and that if any such Guarantee of Indebtedness under the Credit Agreement or any other Credit Facility is reinstated, such Note
Guarantee shall also be reinstated to the extent that the Company would then be required to provide a Note Guarantee pursuant to Section 4.16); provided, for the avoidance of doubt, that any such Parent Entity will become a Guarantor
with respect to the Notes and under this Indenture by executing and delivering to the Trustee a supplemental indenture (in form and substance reasonably satisfactory to the Trustee). 

The Issuers will notify the Trustee if any Guarantor is released from its Note Guarantee. Any Guarantor not released from its
obligations under its Note Guarantee as provided in this Section 10.04 will 

  
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remain liable for the full amount of principal of, premium on, if any, and interest on the Notes and for the other obligations of any Guarantor under this Indenture as provided in this Article
10. Upon delivery by the Issuers to the Trustee of an Officer’s Certificate and an Opinion of Counsel to the effect that such sale or other disposition was made by the Company in accordance with the provisions of this Indenture, including
without limitation Section 4.10, the Trustee will execute any documents reasonably required in order to evidence the release of any Guarantor from its obligations under its Note Guarantee. 

ARTICLE 11 
 SATISFACTION AND
DISCHARGE 
 Section 11.01          Satisfaction and Discharge. 

This Indenture will be discharged and will cease to be of further effect (except as to surviving rights of registration of
transfer or exchange of the Notes, as expressly provided for in this Indenture) as to all outstanding Notes issued hereunder, when: 

(1)          either: 

(a) all Notes that have been authenticated and delivered (except lost, stolen or destroyed Notes that have been replaced or
paid and Notes for whose payment money has been deposited in trust or segregated and held in trust by the Issuers and thereafter repaid to the Issuers or discharged from their trust as provided in this Indenture) have been delivered to the Trustee
for cancellation; or 
 (b) all Notes that have not been delivered to the Trustee for cancellation have become due and
payable by reason of the sending of a notice of redemption or otherwise or will become due and payable within one year or are to be called for redemption within one year; and the Issuers or any Guarantor has irrevocably deposited or caused to be
deposited with the Trustee as trust funds in trust solely for the benefit of the Holders, cash in U.S. dollars, non-callable U.S. Government Obligations, or a combination thereof (in such amounts as will be
sufficient, in the opinion of a nationally recognized investment bank, appraisal firm or firm of independent public accountants delivered to the Trustee if U.S. Government Obligations are delivered), without consideration of any reinvestment of
interest, to pay and discharge the entire Indebtedness (including all principal, accrued and unpaid interest, if any) on the Notes not theretofore delivered to the Trustee for cancellation for principal, premium, if any, accrued and unpaid interest,
if any, to the date of maturity or redemption, as the case may be; 

(2)          in respect of subclause (b) of clause
(1) of this Section 11.01, no Default or Event of Default has occurred and is continuing on the date of the deposit (other than a Default or Event of Default resulting from the borrowing of funds to be applied to such deposit and any
similar deposit relating to other Indebtedness and, in each case, the granting of Liens to secure such borrowings) and the deposit will not result in a breach or violation of, or constitute a default under, any other instrument to which the Issuers
or any Guarantor is a party or by which the Issuers or any Guarantor is bound (other than with respect to the borrowing of funds to be applied concurrently to make the deposit required to effect such satisfaction and discharge and any similar
concurrent deposit relating to other Indebtedness, and in each case the granting of Liens to secure such borrowings); 

(3)          the Issuers or any Guarantor has paid or caused to
be paid all sums payable by it under this Indenture; and 

  
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 (4)         
the Issuers have delivered irrevocable instructions to the Trustee under this Indenture to apply the deposited money toward the payment of the Notes at maturity or on the redemption date, as the case may be. 

In addition, the Issuers must deliver an Officer’s Certificate and an Opinion of Counsel (subject to customary assumptions and
exceptions) to the Trustee stating that all conditions precedent under this Indenture to satisfaction and discharge of this Indenture have been satisfied. After the conditions to discharge contained in this Article 11 have been satisfied, and the
Issuers have paid or caused to be paid all other sums payable hereunder by the Issuers, and delivered to the Trustee an Officer’s Certificate and Opinion of Counsel, each stating that all conditions precedent to satisfaction and discharge have
been satisfied, the Trustee upon the Issuers’ request shall acknowledge in writing the discharge of the obligations of the Issuers and the Guarantors under this Indenture, subject to those obligations that survive. 

Notwithstanding the satisfaction and discharge of this Indenture, if money has been deposited with the Trustee pursuant to
subclause (b) of clause (1) of this Section 11.01, the provisions of Sections 11.02 and 8.06 will survive. In addition, nothing in this Section 11.01 will be deemed to discharge those provisions of Section 7.06, that, by
their terms, survive the satisfaction and discharge of this Indenture. 

Section 11.02          Application of Trust Money. 

Subject to the provisions of Section 8.06, all money deposited with the Trustee pursuant to Section 11.01 shall be
held in trust and applied by it, in accordance with the provisions of the Notes and this Indenture, to the payment, either directly or through any Paying Agent (including the Issuers acting as their own Paying Agent) as the Trustee may determine, to
the Persons entitled thereto, of the principal, premium, if any, and interest for whose payment such money has been deposited with the Trustee; but such money need not be segregated from other funds except to the extent required by law. 

If the Trustee or Paying Agent is unable to apply any money or U.S. Government Obligations in accordance with
Section 11.01 by reason of any legal proceeding or by reason of any order or judgment of any court or governmental authority enjoining, restraining or otherwise prohibiting such application, any Issuer’s and any Guarantor’s
obligations under this Indenture and the Notes shall be revived and reinstated as though no deposit had occurred pursuant to Section 11.01; provided that if the Issuers have made any payment of principal of, premium on, if any, or
interest on any Notes because of the reinstatement of its obligations, the Issuers shall be subrogated to the rights of the Holders of such Notes to receive such payment from the money or U.S. Government Obligations held by the Trustee or Paying
Agent. 
 ARTICLE 12 

MISCELLANEOUS 

Section 12.01          [Reserved] 

Section 12.02          Notices. 

Any notice or communication by the Issuers, any Guarantor or the Trustee to the others is duly given if in writing and delivered in Person or
by first class mail (registered or certified, return receipt requested), facsimile transmission, e-mail in PDF format or overnight air courier guaranteeing next day delivery, to the others’ address: 

If to the Issuers and/or any Guarantor: 

Herbalife Nutrition Ltd. 

  
 104 

 800 W. Olympic Blvd., Suite 406 

Los Angeles, California 90015 

Attention: Chief Legal Officer 
  

With a copy to: 
 Gibson,
Dunn & Crutcher LLP 
 2029 Century Park East 

Los Angeles, CA 90067 
 Facsimile:
(310) 552-7053 
 Attention: Jonathan Layne, Esq. 

If to the Trustee: 
 MUFG Union
Bank, N.A. 
 1251Avenue of the Americas, 19th Floor 

New York, NY 10020 
 Attention:
Corporate Trust 
 Facsimile: (646) 452-2000 

Administration, Email: CTNY1@unionbank.com 

The Issuers, any Guarantor or the Trustee, by notice to the others, may designate additional or different addresses for
subsequent notices or communications. 
 All notices and communications (other than those sent to Holders) will be deemed to
have been duly given: at the time delivered by hand, if personally delivered; five Business Days after being deposited in the mail, postage prepaid, if mailed; when receipt acknowledged, if transmitted by facsimile; and the next Business Day after
timely delivery to the courier, if sent by overnight air courier guaranteeing next day delivery. 
 Any notice or
communication to a Holder will be mailed by first class mail, certified or registered, return receipt requested, or by overnight air courier guaranteeing next day delivery to its address shown on the register kept by the Registrar. Failure to mail a
notice or communication to a Holder or any defect in it will not affect its sufficiency with respect to other Holders. 

Where this Indenture provides for notice of any event to a Holder of a Global Note, such notice shall be sufficiently given if
given to the Depositary for such Note (or its designee), pursuant to the applicable procedures of such Depositary, if any, prescribed for the giving of such notice. 

If a notice or communication is mailed in the manner provided above within the time prescribed, it is duly given, whether or
not the addressee receives it. 
 If the Issuers mails a notice or communication to Holders, they will mail a copy to the
Trustee and each Agent at the same time. 
 The Trustee shall have the right, but shall not be required, to rely upon and
comply with instructions and directions sent by e-mail, facsimile and other similar unsecured electronic methods by persons believed by the Trustee to be authorized to give instructions and directions on
behalf of the Issuers, the Guarantors or any Person. The Trustee shall have no duty or obligation to verify or confirm that the Person who sent such instructions or directions is, in fact, a Person authorized to give instructions or directions on
behalf of the Issuers or Guarantors; and the Trustee shall have no liability for any losses, liabilities, costs or expenses 

  
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incurred or sustained by the Issuers or Guarantors as a result of such reliance upon or compliance with such instructions or directions. The Issuers or Guarantors agree to assume all risks
arising out of the use of such electronic methods to submit instructions and directions to the Trustee, including, without limitation, the risk of the Trustee acting on unauthorized instructions, and the risk of interception and misuse by third
parties. 
 Section 12.03        Communication by Holders of Notes with Other Holders of
Notes. 
 Holders may communicate with other Holders with respect to their rights under this Indenture or the Notes.

 Section 12.04        Certificate and Opinion as to Conditions Precedent. 

Upon any request or application by the Issuers to the Trustee to take any action under this Indenture, the Issuers shall
furnish to the Trustee: 
 (1)          an Officer’s
Certificate (which must include the statements set forth in Section 12.05) stating that, in the opinion of the signers, all conditions precedent and covenants, if any, provided for in this Indenture relating to the proposed action have been
complied with; and 
 (2)          an Opinion of Counsel (which
must include the statements set forth in Section 12.05) stating that, in the opinion of such counsel, all such conditions precedent and covenants have been complied with; provided, however, that no such Opinion of Counsel shall be
required to be delivered in connection with the authentication of Initial Notes that are originally issued on the Issue Date. Such counsel may rely on representations, warranties and certificates (including an Officer’s Certificate) of other
Persons as to matters of fact, and may qualify the Opinion of Counsel with customary assumptions and exceptions. 

Section 12.05        Statements Required in Certificate or Opinion. 

Each certificate or opinion with respect to compliance with a condition or covenant provided for in this Indenture (other than
a certificate pursuant to Section 4.04) must include: 

(1)          a statement that the Person making such certificate
or opinion has read such covenant or condition; 
 (2)         
a brief statement as to the nature and scope of the examination or investigation upon which the statements or opinions contained in such certificate or opinion are based; 

(3)          a statement that, in the opinion of such Person,
such Person has made such examination or investigation as is necessary to enable him or her to express an informed opinion as to whether or not such covenant or condition has been satisfied; and 

(4)          a statement as to whether or not, in the opinion of
such Person, such condition or covenant has been satisfied. 
 Section 12.06        Rules by
Trustee and Agents. 
 The Trustee may make reasonable rules for action by or at a meeting of Holders. The Registrar or
Paying Agent may make reasonable rules and set reasonable requirements for its functions. 

  
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 Section 12.07        No Personal Liability of
Directors, Officers, Employees and Stockholders. 
 No past, present or future director, officer, employee,
incorporator, stockholder or shareholder of the Issuers or any Guarantor, as such, will have any liability for any obligations of the Issuers or the Guarantors under the Notes, this Indenture, the Note Guarantees or for any claim based on, in
respect of, or by reason of, such obligations or their creation. Each Holder of Notes by accepting a Note waives and releases all such liability. The waiver and release are part of the consideration for issuance of the Notes. 

Section 12.08        Governing Law; Waiver of Jury Trial. 

THE INTERNAL LAW OF THE STATE OF NEW YORK WILL GOVERN AND BE USED TO CONSTRUE THIS INDENTURE, THE NOTES AND THE NOTE
GUARANTEES WITHOUT GIVING EFFECT TO APPLICABLE PRINCIPLES OF CONFLICTS OF LAW TO THE EXTENT THAT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY. 

EACH OF THE ISSUERS, THE GUARANTORS AND THE TRUSTEE, AND EACH HOLDER OF A NOTE BY ITS ACCEPTANCE THEREOF, HEREBY IRREVOCABLY
WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT IT MAY HAVE TO TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS INDENTURE, THE NOTES, THE NOTE GUARANTEES OR THE TRANSACTIONS
CONTEMPLATED HEREBY OR THEREBY. 
 Section 12.09        No Adverse Interpretation of Other
Agreements. 
 This Indenture may not be used to interpret any other indenture, loan or debt agreement of the Company or
its Subsidiaries or of any other Person. Any such indenture, loan or debt agreement may not be used to interpret this Indenture. 

Section 12.10        Successors. 

All agreements of the Issuers in this Indenture and the Notes will bind its successors. All agreements of the Trustee in this
Indenture will bind its successors. All agreements of each Guarantor in this Indenture will bind its successors, except as otherwise provided in Section 10.04. 

Section 12.11        Severability. 

In case any provision in this Indenture or in the Notes is invalid, illegal or unenforceable, the validity, legality and
enforceability of the remaining provisions will not in any way be affected or impaired thereby. 

Section 12.12        Counterpart Originals. 

The parties may sign any number of copies of this Indenture. Each signed copy will be an original, but all of them together
represent the same agreement. The exchange of copies of this Indenture and of signature pages by facsimile or PDF transmission shall constitute effective execution and delivery of this Indenture as to the parties hereto and may be used in lieu of
the original Indenture for all purposes. Signatures of the parties hereto transmitted by facsimile or PDF shall be deemed to be their original signatures for all purposes. 

  
 107 

 Section 12.13        Table of Contents, Headings,
etc. 
 The table of contents and headings of the Articles and Sections of this Indenture have been inserted for
convenience of reference only, are not to be considered a part of this Indenture and will in no way modify or restrict any of the terms or provisions hereof. 

Section 12.14        U.S.A Patriot Act. 

The Issuers acknowledge that in accordance with Section 326 of the U.S.A. PATRIOT Act, the Trustee, like all financial
institutions and in order to help fight the funding of terrorism and money laundering, is required to obtain, verify, and record information that identifies each person or legal entity that establishes a relationship or opens an account with the
Trustee. The parties to this Indenture agree that they will provide the Trustee with such information as it may request in order for the Trustee to satisfy the requirements of the U.S.A. PATRIOT Act. 

[Signatures on following page] 

  
 108 

 SIGNATURES 

Dated as of the date first written above. 
  

			
	HLF FINANCING SARL, LLC
		
	By	 	 /s/ Richard Caloca

		 	  Name: Richard Caloca
		 	  Title: Manager
	
	HERBALIFE INTERNATIONAL, INC.
		
	By	 	 /s/ Richard Caloca

		 	  Name: Richard Caloca
		 	  Title: Treasurer

 [Signature Page to Indenture] 

 
			
	LUXEMBOURG GUARANTORS:
	
	HERBALIFE INTERNATIONAL LUXEMBOURG S.À R.L., a private limited liability company (société à responsabilité limitée) having its registered office at 16, Avenue de la
Gare, L-1610 Luxembourg, Grand Duchy of Luxembourg and registered with the Luxembourg Register of Commerce and Companies under number B 88006
		
	By:	 	 /s/ Helene Dekhar

	Name:	 	Helene Dekhar
	Title:	 	Authorised Representative
	
	HBL LUXEMBOURG HOLDINGS S.À R.L., a private limited liability company (société à responsabilité limitée) having its registered office at 16, Avenue de la Gare, L-1610 Luxembourg, Grand Duchy of Luxembourg and registered with the Luxembourg Register of Commerce and Companies under number B 143.579
		
	By:	 	 /s/ Helene Dekhar

	Name:	 	Helene Dekhar
	Title:	 	Authorised Representative
	
	WH LUXEMBOURG HOLDINGS S.À R.L., a private limited liability company (société à responsabilité limitée) having its registered office at 16, Avenue de la Gare, L-1610 Luxembourg, Grand Duchy of Luxembourg and registered with the Luxembourg Register of Commerce and Companies under number B 88.007
		
	By:	 	 /s/ Helene Dekhar

	Name:	 	Helene Dekhar
	Title:	 	Authorised Representative

 [Signature Page to Indenture] 

 
			
	DELAWARE GUARANTORS:
	
	HERBALIFE INTERNATIONAL DO BRASIL LTDA.
		
	By	 	 /s/ Richard Caloca

		 	Name: Richard Caloca
		 	Title: Treasurer
	
	HERBALIFE KOREA CO., LTD.
		
	By	 	 /s/ Richard Caloca

		 	Name: Richard Caloca
		 	Title: Treasurer
	
	HERBALIFE MANUFACTURING LLC
		
	By	 	 /s/ Richard Caloca

		 	Name: Richard Caloca
		 	Title: Treasurer
	
	HERBALIFE VENEZUELA HOLDINGS, LLC
		
	By	 	 /s/ Richard Caloca

		 	Name: Richard Caloca
		 	Title: Manager
	
	HERBALIFE VH INTERMEDIATE INTERNATIONAL, LLC
	
	By: VHSA LLC
		
	By:	 	Herbalife International, Inc.
		
	By	 	 /s/ Richard Caloca

		 	Name: Richard Caloca
		 	Title: Treasurer

 [Signature Page to Indenture] 

 
			
	HERBALIFE VH INTERNATIONAL LLC
		
	By:	 	Herbalife VH Intermediate International, LLC
		
	By:	 	VHSA LLC
		
	By:	 	Herbalife International, Inc.
		
	By	 	 /s/ Richard Caloca

		 	Name: Richard Caloca
		 	Title: Treasurer
	
	HLF FINANCING US, LLC
		
	By:	 	HLF Financing S.a.r.l., LLC
		
	By	 	 /s/ Richard Caloca

		 	Name: Richard Caloca
		 	Title: Manager
	
	HLF LUXEMBOURG HOLDINGS, INC.
		
	By	 	 /s/ Richard Caloca

		 	Name: Richard Caloca
		 	Title: Treasurer
	
	WH LUXEMBOURG INTERMEDIATE HOLDINGS, S.À R.L. LLC
		
	By	 	 /s/ Neil Anthony Spiers

		 	Name: Neil Anthony Spiers
		 	Title: Manager

 [Signature Page to Indenture] 

 
			
	CALIFORNIA GUARANTORS:
	
	HERBALIFE TAIWAN, INC.
		
	By	 	 /s/ Richard Caloca

		 	Name: Richard Caloca
		 	Title: Treasurer
	
	HERBALIFE INTERNATIONAL OF EUROPE, INC.
		
	By	 	 /s/ Richard Caloca

		 	Name: Richard Caloca
		 	Title: Authorized Signatory
	
	HERBALIFE INTERNATIONAL (THAILAND), LTD.
		
	By	 	 /s/ Richard Caloca

		 	Name: Richard Caloca
		 	Title: Authorized Signatory

 [Signature Page to Indenture] 

 
			
	NEVADA GUARANTORS:
	
	WH CAPITAL CORPORATION
		
	By	 	 /s/ Richard Caloca

		 	Name: Richard Caloca
		 	Title: Treasurer
	
	HERBALIFE INTERNATIONAL OF AMERICA, INC.
		
	By	 	 /s/ Richard Caloca

		 	Name: Richard Caloca
		 	Title: Treasurer

 [Signature Page to Indenture] 

 
			
	CAYMAN ISLANDS GUARANTORS:
	
	HERBALIFE NUTRITION LTD.
		
	By	 	 /s/ Richard Caloca

		 	Name: Richard Caloca
		 	Title: Treasurer
	
	HV HOLDINGS LTD.
		
	By	 	 /s/ Richard P. Goudis

		 	Name: Richard P. Goudis
		 	Title: Chief Financial Officer
	
	WH INTERMEDIATE HOLDINGS LTD.
		
	By	 	 /s/ Richard P. Goudis

		 	Name: Richard P. Goudis
		 	Title: Chief Operating Officer

 [Signature Page to Indenture] 

 
			
	MUFG Union Bank, N.A., as Trustee
		
	By:	 	 /s/ Timothy P. Miller

		 	Name: Timothy P. Miller
		 	Title: Vice President

 [Signature Page to Indenture] 

 EXHIBIT A 

[Face of Note] 
  

CUSIP
                         

ISIN
                         

7.250% Senior Notes due 2026 
  

					
	 No. ___
	  	$	                         	 

 HLF FINANCING SARL, LLC 

HERBALIFE INTERNATIONAL, INC. 
  

promises to pay to                  or registered
assigns, 
 the principal sum of
                                         
                                         
                                         
 DOLLARS* on August 15, 2026. 
 Interest Payment Dates: February 15 and August 15 

Record Dates: February 1 and August 1 

Dated:                     

 

			
	HLF FINANCING SARL, LLC
		
	By:	 	  

		 	Name: Richard Caloca
		 	Title: Manager
	
	HERBALIFE INTERNATIONAL, INC.
		
	By:	 	  

		 	Name: Richard Caloca
		 	Title: Treasurer

  

			
	This is one of the Notes referred to in the within-mentioned Indenture:
	
	 MUFG UNION BANK, N.A.

    as Trustee

		
	By:	 	  

	Authorized Signatory

  
  

  
 A-1 

 [Back of Note] 

7.250% Senior Notes due 2026 
 [Insert the
Global Note Legend, if applicable pursuant to the provisions of the Indenture] 
 [Insert the Private Placement Legend, if applicable pursuant to the
provisions of the Indenture] 
 Capitalized terms used herein have the meanings assigned to them in the Indenture referred to below
unless otherwise indicated. 
 (1)        INTEREST.
HLF Financing SaRL, LLC, a Delaware limited liability company (the “Issuer”) and Herbalife International, Inc., a Nevada corporation (the “Co-Issuer” and, together with the
Issuer, the “Issuers”), promise to pay or cause to be paid interest on the principal amount of this Note at 7.250% per annum from
                    until maturity. The Issuers will pay interest semi-annually in arrears on February 15 and August 15 of each
year, commencing February 15, 2019, or if any such day is not a Business Day, on the next succeeding Business Day; provided no interest on such payment will accrue in respect of such delay (each, an “Interest Payment
Date”). Interest on the Notes will accrue from the most recent date to which interest has been paid or, if no interest has been paid, from the date of issuance; provided that, if this Note is authenticated between a record date
referred to on the face hereof and the next succeeding Interest Payment Date, interest shall accrue from such next succeeding Interest Payment Date; provided further that the first Interest Payment Date shall be
                    . The Issuers will pay interest (including post-petition interest in any proceeding under any Bankruptcy Law) on overdue
principal at a rate that is 1% higher than the then applicable interest rate on the Notes to the extent lawful; it will pay interest (including post-petition interest in any proceeding under any Bankruptcy Law) on overdue installments of interest,
if any (without regard to any applicable grace period), at the same rate to the extent lawful. 
 Interest will be computed
on the basis of a 360-day year comprised of twelve 30-day months. 

(2)        METHOD OF
PAYMENT. The Issuers will pay interest on the Notes (except defaulted interest) to the Persons who are registered Holders of Notes at the close of business on the February 1 or August 1 next preceding the
Interest Payment Date, even if such Notes are canceled after such record date and on or before such Interest Payment Date, except as provided in Section 2.12 of the Indenture with respect to defaulted interest. The Notes will be payable as to
principal, premium, if any, and interest at the office or agency of the Paying Agent and Registrar or, at the option of the Issuers, payment of interest may be made by check mailed to the Holders at their addresses set forth in the register of
Holders; provided that payment by wire transfer of immediately available funds will be required with respect to principal of, premium on, if any, and interest on all Global Notes and all other Notes the Holders of which will have provided
wire transfer instructions to the Issuers or the Paying Agent. Such payment will be in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. 

(3)        PAYING AGENT AND
REGISTRAR. Initially, MUFG Union Bank, N.A., the Trustee under the Indenture, will act as Paying Agent and Registrar. The Issuers may change the Paying Agent or Registrar without prior notice to the Holders of the
Notes. The Company, the Issuers or any of the Company’s other Subsidiaries may act as Paying Agent or Registrar. 

(4)        INDENTURE. The Issuers issued the Notes
under an Indenture dated as of August 16, 2018 (the “Indenture”) among the Issuers, the Guarantors and the Trustee. The terms of the 

  
 A-2 

 
Notes include those stated in the Indenture. The Notes are subject to all such terms, and by acceptance hereof, in accordance with the Indenture, Holders agree to be bound by all of such terms as
they may be amended from time to time. Holders are referred to the Indenture and such Act for a statement of such terms. To the extent any provision of this Note conflicts with the express provisions of the Indenture, the provisions of the Indenture
shall govern and be controlling. The Notes are unsecured obligations of the Issuers. The Indenture does not limit the aggregate principal amount of Notes that may be issued thereunder. 

(5)        OPTIONAL REDEMPTION. 

(a)        Except as provided in this paragraph (5), the Notes will not be redeemable at
the Issuers’ option prior to August 15, 2021. 
 (b) At any time prior to August 15, 2021, the Company may
on any one or more occasions redeem up to 40% of the aggregate principal amount of Notes issued under the Indenture, upon not less than 15 nor more than 60 days’ notice, at a redemption price equal to 107.250% of the principal amount of the
Notes redeemed, plus accrued and unpaid interest, if any, to the redemption date (subject to the rights of holders of Notes on the relevant record date to receive interest on the relevant interest payment date) with an amount not to exceed the net
cash proceeds of one or more Equity Offerings consummated after the Issue Date; provided that: 

(i)        at least 50% of the aggregate principal amount of Notes originally issued under
this Indenture (excluding Notes held by the Company and its Subsidiaries) remains outstanding immediately after the occurrence of such redemption (unless all such Notes are otherwise repurchased or redeemed); and 

(ii)      the redemption occurs within 90 days of the date of the closing of such Equity Offering.

 (c) At any time prior to August 15, 2021, the Issuers may on any one or more occasions redeem all or a part of the
Notes upon not less than 15 nor more than 60 days’ notice, at a redemption price equal to 100% of the principal amount of the Notes redeemed, plus the Applicable Premium as of, and accrued and unpaid interest, if any, to the date of redemption,
subject to the rights of holders of Notes on the relevant record date to receive interest due on the relevant interest payment date. The Issuers shall notify the Trustee of the Applicable Premium promptly after the calculation, and the Trustee shall
not be responsible for such calculation. 
 (d) On or after August 15, 2021, the Issuers may on any one or more
occasions redeem all or a part of the Notes, upon not less than 15 nor more than 60 days’ notice, at the redemption prices (expressed as a percentage of principal amount of the Notes) set forth below, plus accrued and unpaid interest, if any,
to but excluding the applicable redemption date, if redeemed during the twelve-month period beginning on August 15 of the years indicated below: 
  

					
	 Year
	  	Percentage	 
	 2021
	  	 	103.625	% 
	 2022
	  	 	101.813	% 
	 2023 and thereafter
	  	 	100.000	% 

 If an optional redemption date is on or after an interest record date and on or before the related interest
payment date, the accrued and unpaid interest, if any, will be paid to the Person in whose 

  
 A-3 

 
name the Notes is registered at the close of business on such record date, and no additional interest will be payable to Holders whose Notes will be subject to redemption by the Issuers. 

The Company or any of its Restricted Subsidiaries may at any time and from time to time purchase Notes in the open market or otherwise. 

Unless the Issuers default in the payment of the redemption price, interest will cease to accrue on the Notes or portions thereof called for
redemption on the applicable redemption date. 
 (e) In the event that holders of not less than 90% in aggregate principal
amount of the outstanding Notes accept a Change of Control Offer (as defined below) and the Issuers (or any third party making such Change of Control Offer in lieu of the Issuers) purchases all of the Notes held by such holders, the Issuers will
have the right, given not more than 30 days following the purchase pursuant to the Change of Control Offer described below, to redeem all of the Notes that remain outstanding following such purchase at a purchase price in cash equal to 101% of the
principal amount thereof plus accrued and unpaid interest, if any, to, but not including, the date of repurchase (subject to the right of holders of record on the relevant record date to receive interest due on the relevant interest payment date
occurring on or prior to the repurchase date). 
 (6)         
MANDATORY REDEMPTION. The Issuers are not required to make mandatory redemption or sinking fund payments with respect to the Notes. 

(7)          REPURCHASE AT THE
OPTION OF HOLDER. 
 (a) If there is a Change of Control, the Issuers will
be required to make an offer (a “Change of Control Offer”) to each Holder to repurchase all or any part (equal to $2,000 or an integral multiple of $1,000 in excess thereof) of each Holder’s Notes at a purchase price in cash
equal to 101% of the aggregate principal amount thereof plus accrued and unpaid interest, if any, thereon to the date of purchase, subject to the rights of Holders on the relevant record date to receive interest due on the relevant interest payment
date (the “Change of Control Payment”). Within ten days following any Change of Control, the Issuers will mail a notice to each Holder setting forth the procedures governing the Change of Control Offer as required by the Indenture.

 (b) If the Company or a Restricted Subsidiary of the Company consummates any Asset Sales, within 25 days following any
Net Proceeds Trigger Date (subject to Section 4.10(e) of the Indenture), a Net Proceeds Offer shall be sent to the record Holder as shown on the register of Holders, with a copy to the Trustee. Any Net Proceeds Offer shall comply with the
procedures set forth in Sections 3.09 and 4.10 of the Indenture. Upon completion of any such Net Proceeds Offer, the Net Proceeds Offer Amount shall be reset at zero. Holders of Notes that are the subject of a Net Proceeds Offer may, prior to any
related Purchase Date, elect to have such Notes purchased by completing the form entitled “Option of Holder to Elect Purchase” attached to the Notes. 

(8)          NOTICE OF
REDEMPTION. At least 15 days but not more than 60 days before a redemption date, the Issuers will mail or cause to be mailed, by first class mail, a notice of redemption to each Holder whose Notes are to be redeemed
at its registered address, except that redemption notices may be mailed more than 60 days prior to a redemption date if the notice is issued in connection with a defeasance of the Notes or a satisfaction and discharge of the Indenture pursuant to
Articles 8 or 11 thereof. Notes and portions of Notes selected will be in minimum amounts of $2,000 or whole multiples of $1,000 in excess thereof; except that if all of the Notes of a Holder are to be redeemed or purchased, the entire outstanding
amount of Notes held by such Holder shall be redeemed or purchased 

  
 A-4 

 (9)         
DENOMINATIONS, TRANSFER, EXCHANGE. The Notes are in registered form in minimum denominations of $2,000 and integral multiples of $1,000 in excess thereof. The transfer of Notes may
be registered and Notes may be exchanged as provided in the Indenture. The Registrar and the Trustee may require a Holder, among other things, to furnish appropriate endorsements and transfer documents and the Issuers may require a Holder to pay any
taxes and fees required by law or permitted by the Indenture. The Issuers need not exchange or register the transfer of any Note or portion of a Note selected for redemption, except for the unredeemed portion of any Note being redeemed in part.
Also, the Issuers need not exchange or register the transfer of any Notes for a period of 15 days before a selection of Notes to be redeemed or during the period between a record date and the next succeeding Interest Payment Date. 

(10)        PERSONS DEEMED
OWNERS. The registered Holder of a Note may be treated as the owner of it for all purposes. Only registered Holders have rights under the Indenture. 

(11)        AMENDMENT, SUPPLEMENT AND
WAIVER. The Indenture, the Notes or the Note Guarantees may be amended or supplemented in accordance with Article 9 of the Indenture. 

(12)        DEFAULTS AND
REMEDIES. The Notes are subject to the Events of Default and remedies set forth in Article 6 of the Indenture. The Company is required to deliver to the Trustee annually a statement regarding compliance with the
Indenture, and the Company is required, upon becoming aware of any Default or Event of Default, to deliver to the Trustee a statement specifying such Default or Event of Default. 

(13)        TRUSTEE DEALINGS WITH
COMPANY. The Trustee, in its individual or any other capacity, may make loans to, accept deposits from, and perform services for the Company, its Affiliates or the Issuers, and may otherwise deal with the Company, its Affiliates
or the Issuers, as if it were not the Trustee. 
 (14)        NO
RECOURSE AGAINST OTHERS. No past, present or future director, officer, employee, agent, manager, partner, member, incorporator, shareholder or unitholder of any Issuer or any Guarantor,
as such, will have any liability for any obligations of the Issuers or the Guarantors under the Notes, the Indenture, the Note Guarantees or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder of
Notes by accepting a Note waives and releases all such liability. The waiver and release are part of the consideration for issuance of the Notes. 

(15)        AUTHENTICATION. This Note will not be
valid until authenticated by the manual signature of the Trustee or an authenticating agent. 

(16)        ABBREVIATIONS. Customary abbreviations may
be used in the name of a Holder or an assignee, such as: TEN COM (= tenants in common), TEN ENT (= tenants by the entireties), JT TEN (= joint tenants with right of survivorship and not as tenants in common), CUST (= Custodian), and U/G/M/A (=
Uniform Gifts to Minors Act). 
 (17)        CUSIP
NUMBERS. Pursuant to a recommendation promulgated by the Committee on Uniform Security Identification Procedures, the Company has caused CUSIP numbers to be printed on the Notes, and the Trustee may use CUSIP
numbers in notices as a convenience to Holders. No representation is made as to the accuracy of such numbers either as printed on the Notes or as contained in any notice of redemption, and reliance may be placed only on the other identification
numbers placed thereon. 

  
 A-5 

 (18)        GOVERNING LAW. THE
INTERNAL LAW OF THE STATE OF NEW YORK WILL GOVERN AND BE USED TO CONSTRUE THE INDENTURE, THIS NOTE AND THE NOTE GUARANTEES WITHOUT GIVING EFFECT TO APPLICABLE PRINCIPLES OF CONFLICTS OF LAW TO THE EXTENT THAT THE APPLICATION OF THE LAWS OF ANOTHER
JURISDICTION WOULD BE REQUIRED THEREBY. 
 The Company will furnish to any Holder upon written request and without charge a copy of the
Indenture. Requests may be made to: 
 Herbalife Nutrition Ltd. 

800 W. Olympic Blvd., Suite 406 

Los Angeles, California 90015 

Attention: Corporate Secretary 

  
 A-6 

 ASSIGNMENT FORM 

To assign this Note, fill in the form below: 
  

			
	(I) or (we) assign and transfer this Note to:	 	  

                          
                                         
                                         
                (Insert assignee’s legal
name)             
  

 
  

 
  

 
  

 
 (Print or type assignee’s name,
address and zip code) 
  

			
	 and irrevocably appoint
	  	  

 to transfer this Note on the books of the Issuers. The agent may substitute another to act for him. 

Date: _______________ 
  

			
	[Assignor]
		
	By:	 	  

		 	Name:
		 	Title:

 Signature Guarantee*: _________________________ 

*             Participant in a recognized Signature Guarantee Medallion Program (or other
signature guarantor acceptable to the Trustee). 

  
 A-7 

 Option of Holder to Elect Purchase 

If you want to elect to have this Note purchased by the Issuers pursuant to Section 4.10 or 4.14 of the Indenture, check the appropriate
box below: 
 ☐ Section 4.10
                                        ☐
Section 4.14 
 If you want to elect to have only part of the Note purchased by the Issuers pursuant to Section 4.10 or
Section 4.14 of the Indenture, state the amount you elect to have purchased: 
 $_______________ 

Date: _______________ 
  

	
	
Your Signature:                   
                                         
                                    

	
                  (Sign exactly as 
your name appears on the face of this Note)

	
	 Tax Identification
No.:                                        
        

 Signature Guarantee*: _________________________ 

*             Participant in a recognized Signature Guarantee Medallion Program (or other
signature guarantor acceptable to the Trustee). 

  
 A-8 

 SCHEDULE OF EXCHANGES OF
INTERESTS IN THE GLOBAL NOTE * 
 The following exchanges of a
part of this Global Note for an interest in another Global Note or for a Definitive Note, or exchanges of a part of another Global Note or Definitive Note for an interest in this Global Note, have been made: 

 

									
	 Date of Exchange
	  	 Amount of decrease in

Principal Amount
 of

this Global Note
	  	 Amount of increase in

Principal Amount
 of

this Global Note
	  	 Principal Amount

of this Global Note
following such
decrease

(or increase)
	  	 Signature of authorized
signatory of
Trustee or
Custodian

  

	*	 This schedule should be included only if the Note is issued in global form. 

  
 A-9 

 EXHIBIT B 

FORM OF CERTIFICATE OF TRANSFER 
 Herbalife
Nutrition Ltd. 
 800 W. Olympic Blvd., Suite 406 
 Los Angeles,
California 90015 
 Attention: Corporate Secretary 
 MUFG Union
Bank, N.A. 
 445 South Figueroa St, Suite 401 
 Los Angeles, CA
90071 
 Attention: Corporate Trust Operations 
 Email: 

 
 Re: [fill in full title of securities] 

Reference is hereby made to the Indenture, dated as of August 16, 2018 (the “Indenture”), among HLF Financing SaRL, LLC,
a Delaware limited liability company (the “Issuer”) and Herbalife International, Inc., a Nevada corporation (the “Co-Issuer” and, together with the Issuer, the
“Issuers”), Herbalife Nutrition Ltd., a Cayman Islands exempted company incorporated with limited liability (the “Company”), the Guarantors party thereto and MUFG Union Bank, N.A., as trustee. Capitalized terms used
but not defined herein shall have the meanings given to them in the Indenture. 

                       
             , (the “Transferor”) owns and proposes to transfer the Note[s] or interest in such Note[s] specified in Annex A hereto, in the principal amount of
$                         in such Note[s] or interests (the “Transfer”), to
                                     (the
“Transferee”), as further specified in Annex A hereto. In connection with the Transfer, the Transferor hereby certifies that: 

[CHECK ALL THAT APPLY] 
 1.
☐    Check if Transferee will take delivery of a beneficial interest in the 144A Global Note or a Restricted Definitive Note pursuant to Rule 144A. The Transfer is being effected pursuant to and in accordance
with Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and, accordingly, the Transferor hereby further certifies that the beneficial interest or Definitive Note is being transferred to a Person that the
Transferor reasonably believes is purchasing the beneficial interest or Definitive Note for its own account, or for one or more accounts with respect to which such Person exercises sole investment discretion, and such Person and each such account is
a “qualified institutional buyer” within the meaning of Rule 144A in a transaction meeting the requirements of Rule 144A, and such Transfer is in compliance with any applicable blue sky securities laws of any state of the United States.
Upon consummation of the proposed Transfer in accordance with the terms of the Indenture, the transferred beneficial interest or Definitive Note will be subject to the restrictions on transfer enumerated in the Private Placement Legend printed on
the 144A Global Note and/or the Restricted Definitive Note and in the Indenture and the Securities Act. 
 2.
☐    Check if Transferee will take delivery of a beneficial interest in the Regulation S Global Note or a Restricted Definitive Note pursuant to Regulation S. The Transfer is being effected pursuant to and in
accordance with Rule 903 or Rule 904 under the Securities Act and, accordingly, the Transferor hereby further certifies that (i) the Transfer is not being made to a Person in the United States and (x) at the time the buy order was
originated, the Transferee was outside the United States or such Transferor and any Person acting on its behalf reasonably believed and believes that the Transferee was outside the United States or (y) the transaction was executed in, on or
through the facilities of a designated offshore securities 

  
 B-1 

 
market and neither such Transferor nor any Person acting on its behalf knows that the transaction was prearranged with a buyer in the United States, (ii) no directed selling efforts have
been made in contravention of the requirements of Rule 903(b) or Rule 904(b) of Regulation S under the Securities Act, (iii) the transaction is not part of a plan or scheme to evade the registration requirements of the Securities Act and
(iv) if the proposed transfer is being made prior to the expiration of the Restricted Period, the transfer is not being made to a U.S. Person or for the account or benefit of a U.S. Person (other than an Initial Purchaser). Upon consummation of the proposed transfer in accordance with the terms of the Indenture, the transferred beneficial interest or Definitive Note will be subject to the restrictions on Transfer
enumerated in the Private Placement Legend printed on the Regulation S Global Note and/or the Restricted Definitive Note and in the Indenture and the Securities Act. 

3. ☐    Check and complete if Transferee will take delivery of a beneficial interest in the IAI Global Note or
a Restricted Definitive Note pursuant to any provision of the Securities Act other than Rule 144A or Regulation S. The Transfer is being effected in compliance with the transfer restrictions applicable to beneficial interests in Restricted
Global Notes and Restricted Definitive Notes and pursuant to and in accordance with the Securities Act and any applicable blue sky securities laws of any state of the United States, and accordingly the Transferor hereby further certifies that (check
one): 
 (a)         ☐    such Transfer is being effected
pursuant to and in accordance with Rule 144 under the Securities Act; 
 or 

(b)         ☐    such Transfer is being effected to the
Company or a subsidiary thereof; 
 or 

(c)         ☐    such Transfer is being effected pursuant
to an effective registration statement under the Securities Act and in compliance with the prospectus delivery requirements of the Securities Act; 

or 

(d)         ☐    such Transfer is being effected to an
Institutional Accredited Investor, an Initial Purchaser or any corporate parent of the Company, and pursuant to an exemption from the registration requirements of the Securities Act other than Rule 144A, Rule 144, Rule 903 or Rule 904, and the
Transferor hereby further certifies that it has not engaged in any general solicitation within the meaning of Regulation D under the Securities Act and the Transfer complies with the transfer restrictions applicable to beneficial interests in a
Restricted Global Note or Restricted Definitive Notes and the requirements of the exemption claimed, which certification is supported by (1) if such Transfer is being effected to an Institutional Accredited Investor, a certificate executed by
the Transferee in the form of Exhibit D to the Indenture and (2) if such Transfer is in respect of a principal amount of Notes at the time of transfer of less than $250,000, an Opinion of Counsel provided by the Transferor or the Transferee (a
copy of which the Transferor has attached to this certification), to the effect that such Transfer is in compliance with the Securities Act. Upon consummation of the proposed transfer in accordance with the terms of the Indenture, the transferred
beneficial interest or Definitive Note will be subject to the restrictions on transfer enumerated in the Private Placement Legend printed on the IAI Global Note and/or the Restricted Definitive Notes and in the Indenture and the Securities Act. 

  
 B-2 

 4. ☐    Check if Transferee will take delivery of a
beneficial interest in an Unrestricted Global Note or of an Unrestricted Definitive Note. 
 (a)
☐    Check if Transfer is pursuant to Rule 144. (i) The Transfer is being effected pursuant to and in accordance with Rule 144 under the Securities Act and in compliance with the transfer restrictions contained in
the Indenture and any applicable blue sky securities laws of any state of the United States and (ii) the restrictions on transfer contained in the Indenture and the Private Placement Legend are not required in order to maintain compliance with
the Securities Act. Upon consummation of the proposed Transfer in accordance with the terms of the Indenture, the transferred beneficial interest or Definitive Note will no longer be subject to the restrictions on transfer enumerated in the Private
Placement Legend printed on the Restricted Global Notes, on Restricted Definitive Notes and in the Indenture. 
 (b)
☐    Check if Transfer is Pursuant to Regulation S. (i) The Transfer is being effected pursuant to and in accordance with Rule 903 or Rule 904 under the Securities Act and in compliance with the transfer
restrictions contained in the Indenture and any applicable blue sky securities laws of any state of the United States and (ii) the restrictions on transfer contained in the Indenture and the Private Placement Legend are not required in order to
maintain compliance with the Securities Act. Upon consummation of the proposed Transfer in accordance with the terms of the Indenture, the transferred beneficial interest or Definitive Note will no longer be subject to the restrictions on transfer
enumerated in the Private Placement Legend printed on the Restricted Global Notes, on Restricted Definitive Notes and in the Indenture. 

(c) ☐    Check if Transfer is Pursuant to Other Exemption. (i) The Transfer is being effected pursuant
to and in compliance with an exemption from the registration requirements of the Securities Act other than Rule 144, Rule 903 or Rule 904 and in compliance with the transfer restrictions contained in the Indenture and any applicable blue sky
securities laws of any State of the United States and (ii) the restrictions on transfer contained in the Indenture and the Private Placement Legend are not required in order to maintain compliance with the Securities Act. Upon consummation of
the proposed Transfer in accordance with the terms of the Indenture, the transferred beneficial interest or Definitive Note will not be subject to the restrictions on transfer enumerated in the Private Placement Legend printed on the Restricted
Global Notes or Restricted Definitive Notes and in the Indenture. 
 5. ☐    Check if Transferee will take
delivery of a Restricted Global Note as registered Holder thereof. Such Transfer is being effected pursuant to an exemption from the registration requirements of the Securities Act other than Rule 144A, Rule 144, Rule 903 or Rule 904, and
the Transferor hereby further certifies that it has not engaged in any general solicitation within the meaning of Regulation D under the Securities Act and the Transfer complies with the transfer restrictions applicable to a Restricted Definitive
Notes and the requirements of the exemption claimed. Upon consummation of the proposed transfer in accordance with the terms of the Indenture, the transferred Restricted Global Note will be subject to the restrictions on transfer enumerated in the
Private Placement Legend printed on the Restricted Global Note and in the Indenture and the Securities Act. 
 This certificate and the
statements contained herein are made for your benefit and the benefit of the Issuers. 
  

	
	  

	        [Insert Name of Transferor]

  
  

			
	By:	 	  

		 	 Name:

		 	 Title:

 Dated: _______________________ 

  
 B-3 

 ANNEX A TO CERTIFICATE OF TRANSFER 

 

	 	1.	 The Transferor owns and proposes to transfer the following: 

[CHECK ONE OF (a) OR (b)] 
  

	 	(a)	 ☐ a beneficial interest in the: 

 

	 	(i)	 ☐ 144A Global Note (CUSIP _________), or 

 

	 	(ii)	 ☐ Regulation S Global Note (CUSIP _________), or 

 

	 	(iii)	 ☐ IAI Global Note (CUSIP _________), or 

 

	 	(b)	 ☐ a Restricted Definitive Note. 

 

	 	2.	 After the Transfer the Transferee will hold: 

[CHECK ONE] 
  

	 	(a)	 ☐ a beneficial interest in the: 

 

	 	(i)	 ☐ 144A Global Note (CUSIP _________), or 

 

	 	(ii)	 ☐ Regulation S Global Note (CUSIP _________), or 

 

	 	(iii)	 ☐ IAI Global Note (CUSIP _________), or 

 

	 	(iv)	 ☐ Unrestricted Global Note (CUSIP _________); or 

 

	 	(b)	 ☐ a Restricted Definitive Note; or 

 

	 	(c)	 ☐ an Unrestricted Definitive Note, 

 

	 	(c)	 ☐ a Restricted Global Note as registered Holder thereof. 

 
 in accordance with the terms of the Indenture. 

  
 B-4 

 EXHIBIT C 

FORM OF CERTIFICATE OF EXCHANGE 
 Herbalife
Nutrition Ltd. 
 800 W. Olympic Blvd., Suite 406 
 Los Angeles,
California 90015 
 Attention: Corporate Secretary 
 MUFG Union
Bank, N.A. 
 445 South Figueroa St, Suite 401 
 Los Angeles, CA
90071 
 Attention: Corporate Trust Operations 
 Email: 

 
 Re: [fill in full title of securities] 

(CUSIP [        ]) 

Reference is hereby made to the Indenture, dated as of August 16, 2018 (the “Indenture”), among HLF Financing SaRL, LLC,
a Delaware limited liability company (the “Issuer”) and Herbalife International, Inc., a Nevada corporation (the “Co-Issuer” and, together with the Issuer, the
“Issuers”), Herbalife Nutrition Ltd., a Cayman Islands exempted company incorporated with limited liability (the “Company”), the Guarantors party thereto and MUFG Union Bank, N.A., as trustee. Capitalized terms used
but not defined herein shall have the meanings given to them in the Indenture. 

                       
                                 , (the “Owner”) owns and
proposes to exchange the Note[s] or interest in such Note[s] specified herein, in the principal amount of
$                         in such Note[s] or interests (the “Exchange”). In connection with the Exchange,
the Owner hereby certifies that: 
 1.         Exchange of Restricted Definitive Notes or
Beneficial Interests in a Restricted Global Note for Unrestricted Definitive Notes or Beneficial Interests in an Unrestricted Global Note 

(a) ☐ Check if Exchange is from beneficial interest in a Restricted Global Note to beneficial interest in an Unrestricted Global
Note. In connection with the Exchange of the Owner’s beneficial interest in a Restricted Global Note for a beneficial interest in an Unrestricted Global Note in an equal principal amount, the Owner hereby certifies (i) the beneficial
interest is being acquired for the Owner’s own account without transfer, (ii) such Exchange has been effected in compliance with the transfer restrictions applicable to the Global Notes and pursuant to and in accordance with the Securities
Act of 1933, as amended (the “Securities Act”), (iii) the restrictions on transfer contained in the Indenture and the Private Placement Legend are not required in order to maintain compliance with the Securities Act and
(iv) the beneficial interest in an Unrestricted Global Note is being acquired in compliance with any applicable blue sky securities laws of any state of the United States. 

(b)   ☐ Check if Exchange is from beneficial interest in a Restricted Global Note to Unrestricted Definitive Note. In
connection with the Exchange of the Owner’s beneficial interest in a Restricted Global Note for an Unrestricted Definitive Note, the Owner hereby certifies (i) the Definitive Note is being acquired for the Owner’s own account without
transfer, (ii) such Exchange has been effected in compliance with the transfer restrictions applicable to the Restricted Global Notes and pursuant to and in accordance with the Securities Act, (iii) the restrictions on transfer contained
in the Indenture and the Private Placement Legend are not required in order to maintain compliance with the Securities Act and (iv) 

  
 C-1 

 
the Definitive Note is being acquired in compliance with any applicable blue sky securities laws of any state of the United States. 

(c)   ☐ Check if Exchange is from Restricted Definitive Note to beneficial interest in an Unrestricted Global Note. In
connection with the Owner’s Exchange of a Restricted Definitive Note for a beneficial interest in an Unrestricted Global Note, the Owner hereby certifies (i) the beneficial interest is being acquired for the Owner’s own account
without transfer, (ii) such Exchange has been effected in compliance with the transfer restrictions applicable to Restricted Definitive Notes and pursuant to and in accordance with the Securities Act, (iii) the restrictions on transfer
contained in the Indenture and the Private Placement Legend are not required in order to maintain compliance with the Securities Act and (iv) the beneficial interest is being acquired in compliance with any applicable blue sky securities laws
of any state of the United States. 
 (d)   ☐ Check if Exchange is from Restricted Definitive Note to Unrestricted
Definitive Note. In connection with the Owner’s Exchange of a Restricted Definitive Note for an Unrestricted Definitive Note, the Owner hereby certifies (i) the Unrestricted Definitive Note is being acquired for the Owner’s own
account without transfer, (ii) such Exchange has been effected in compliance with the transfer restrictions applicable to Restricted Definitive Notes and pursuant to and in accordance with the Securities Act, (iii) the restrictions on
transfer contained in the Indenture and the Private Placement Legend are not required in order to maintain compliance with the Securities Act and (iv) the Unrestricted Definitive Note is being acquired in compliance with any applicable blue sky
securities laws of any state of the United States. 
 2.         Exchange of Restricted
Definitive Notes or Beneficial Interests in Restricted Global Notes for Restricted Definitive Notes or Beneficial Interests in Restricted Global Notes 

(a) ☐ Check if Exchange is from beneficial interest in a Restricted Global Note to Restricted Definitive Note. In connection with
the Exchange of the Owner’s beneficial interest in a Restricted Global Note for a Restricted Definitive Note with an equal principal amount, the Owner hereby certifies that the Restricted Definitive Note is being acquired for the Owner’s
own account without transfer. Upon consummation of the proposed Exchange in accordance with the terms of the Indenture, the Restricted Definitive Note issued will continue to be subject to the restrictions on transfer enumerated in the Private
Placement Legend printed on the Restricted Definitive Note and in the Indenture and the Securities Act. 
 (b)   ☐ Check
if Exchange is from Restricted Definitive Note to beneficial interest in a Restricted Global Note. In connection with the Exchange of the Owner’s Restricted Definitive Note for a beneficial interest in the [CHECK ONE] ☐ 144A Global
Note, ☐ Regulation S Global Note, ☐ IAI Global Note with an equal principal amount, the Owner hereby certifies (i) the beneficial interest is being acquired for the Owner’s own account without transfer and (ii) such
Exchange has been effected in compliance with the transfer restrictions applicable to the Restricted Global Notes and pursuant to and in accordance with the Securities Act, and in compliance with any applicable blue sky securities laws of any state
of the United States. Upon consummation of the proposed Exchange in accordance with the terms of the Indenture, the beneficial interest issued will be subject to the restrictions on transfer enumerated in the Private Placement Legend printed on the
relevant Restricted Global Note and in the Indenture and the Securities Act. 
 This certificate and the statements contained herein are
made for your benefit and the benefit of the Issuers. 
  

			
	  

	        [Insert Name of Transferor]
		
	By:	 	  

		 	Name:
		 	Title:

 Dated: ______________________ 

  
 C-2 

 EXHIBIT D 

FORM OF CERTIFICATE FROM 

ACQUIRING INSTITUTIONAL ACCREDITED INVESTOR 

Herbalife Nutrition Ltd. 
 800 W. Olympic Blvd., Suite 406 

Los Angeles, California 90015 
 Attention: Corporate Secretary

 MUFG Union Bank, N.A. 
 445 South Figueroa St, Suite 401

 Los Angeles, CA 90071 
 Attention: Corporate Trust Operations

 Email: 
 Re: [fill in full title of
securities] 
 Reference is hereby made to the Indenture, dated as of August 16, 2018 (the “Indenture”), among
HLF Financing SaRL, LLC, a Delaware limited liability company (the “Issuer”) and Herbalife International, Inc., a Nevada corporation (the “Co-Issuer” and, together with the
Issuer, the “Issuers”), Herbalife Nutrition Ltd., a Cayman Islands exempted company incorporated with limited liability (the “Company”), the Guarantors party thereto and MUFG Union Bank, N.A., as trustee.
Capitalized terms used but not defined herein shall have the meanings given to them in the Indenture. 
 In connection with our proposed
purchase of $                     aggregate principal amount of: 

(a) ☐ a beneficial interest in a Global Note, or 

(b) ☐ a Definitive Note, 

we confirm that: 

1.         We understand that any subsequent transfer of the Notes or any interest therein is subject
to certain restrictions and conditions set forth in the Indenture and the undersigned agrees to be bound by, and not to resell, pledge or otherwise transfer the Notes or any interest therein except in compliance with, such restrictions and
conditions and the Securities Act of 1933, as amended (the “Securities Act”). 

2.         We understand that the offer and sale of the Notes have not been registered under the
Securities Act, and that the Notes and any interest therein may not be offered or sold except as permitted in the following sentence. We agree, on our own behalf and on behalf of any accounts for which we are acting as hereinafter stated, that if we
should sell the Notes or any interest therein, we will do so only (A) to the Company or any subsidiary thereof, (B) in accordance with Rule 144A under the Securities Act to a “qualified institutional buyer” (as defined therein),
(C) to an institutional “accredited investor” (as defined below) that, prior to such transfer, furnishes (or has furnished on its behalf by a U.S. broker-dealer) to you and to the Company a signed letter substantially in the form of this
letter and, if such transfer is in respect of a principal amount of Notes, at the time of transfer of less than $250,000, an Opinion of Counsel in form reasonably acceptable to the Company to the effect that such transfer is in compliance with the
Securities Act, (D) outside the United States in accordance with Rule 904 of Regulation S under the Securities Act, (E) pursuant to the provisions of Rule 144 under the Securities Act or (F) pursuant to an effective registration
statement under the Securities Act, and we further agree to provide to any Person purchasing the Definitive Note or beneficial interest in a Global Note from us in a transaction meeting the requirements

  
 D-1 

 
of clauses (A) through (E) of this paragraph a notice advising such purchaser that resales thereof are restricted as stated herein. 

3.         We understand that, on any proposed resale of the Notes or beneficial interest therein, we
will be required to furnish to you and the Issuers such certifications, legal opinions and other information as you and the Issuers may reasonably require to confirm that the proposed sale complies with the foregoing restrictions. We further
understand that the Notes purchased by us will bear a legend to the foregoing effect. 
 4.        
We are an institutional “accredited investor” (as defined in Rule 501(a)(1), (2), (3) or (7) of Regulation D under the Securities Act) and have such knowledge and experience in financial and business matters as to be capable of
evaluating the merits and risks of our investment in the Notes, and we and any accounts for which we are acting are each able to bear the economic risk of our or its investment. 

5.         We are acquiring the Notes or beneficial interest therein purchased by us for our own
account or for one or more accounts (each of which is an institutional “accredited investor”) as to each of which we exercise sole investment discretion. 

You and the Issuers are entitled to rely upon this letter and are irrevocably authorized to produce this letter or a copy hereof to any
interested party in any administrative or legal proceedings or official inquiry with respect to the matters covered hereby. 
  

			
	  

	         [Insert Name of Accredited Investor]

		
	 By:
	 	  

		 	 Name:

		 	 Title:

 Dated: _______________________ 

  
 D-2 

 EXHIBIT E 

FORM OF NOTATION OF GUARANTEE 

For value received, each Guarantor (which term includes any successor Person under the Indenture) has, jointly and severally, unconditionally
guaranteed, to the extent set forth in the Indenture and subject to the provisions in the Indenture dated as of August 16, 2018 (the “Indenture”) among HLF Financing SaRL, LLC, a Delaware limited liability company (the
“Issuer”) and Herbalife International, Inc., a Nevada corporation (the “Co-Issuer” and, together with the Issuer, the “Issuers”), Herbalife Nutrition Ltd., a
Cayman Islands exempted company incorporated with limited liability (the “Company”), the Guarantors party thereto and MUFG Union Bank, N.A., as trustee (the “Trustee”), (a) the due and punctual payment of the
principal of, premium on, if any, and interest on the Notes, whether at maturity, by acceleration, redemption or otherwise, the due and punctual payment of interest on overdue principal of, premium on, if any, and interest on the Notes, if any, if
lawful, and the due and punctual performance of all other obligations of the Issuers to the Holders or the Trustee all in accordance with the terms of the Indenture and (b) in case of any extension of time of payment or renewal of any Notes or
any of such other obligations, that the same will be promptly paid in full when due or performed in accordance with the terms of the extension or renewal, whether at stated maturity, by acceleration or otherwise. The obligations of the Guarantors to
the Holders of Notes and to the Trustee pursuant to the Guarantee and the Indenture are expressly set forth in Article 10 of the Indenture and reference is hereby made to the Indenture for the precise terms of the Guarantee. 

Capitalized terms used but not defined herein have the meanings given to them in the Indenture. 

 

			
	[NAME OF GUARANTOR(S)]
		
	By:	 	  

		 	Name:
		 	Title:

  
 E-1 

 EXHIBIT F 

FORM OF SUPPLEMENTAL INDENTURE 
 TO
BE DELIVERED BY SUBSEQUENT GUARANTORS 
 SUPPLEMENTAL INDENTURE (this “Supplemental
Indenture”), dated as of                             , among
                                    (the “New
Guarantor”), HLF Financing SaRL, LLC, a Delaware limited liability company (the “Issuer”) and Herbalife International, Inc., a Nevada corporation (the “Co-Issuer”
and, together with the Issuer, the “Issuers”), and MUFG Union Bank, N.A., as trustee under the Indenture referred to below (the “Trustee”). 

W I T N E S S E T H 
 WHEREAS,
the Issuers have heretofore executed and delivered to the Trustee an indenture (the “Indenture”), dated as of August 16, 2018 providing for the issuance of 7.250% Senior Notes due 2026 (the “Notes”); 

WHEREAS, the Indenture provides that under certain circumstances the New Guarantor shall execute and deliver to the Trustee a supplemental
indenture pursuant to which the New Guarantor shall unconditionally guarantee all of the Issuers’ Obligations under the Notes and the Indenture on the terms and conditions set forth herein (the “Guarantee”); 

WHEREAS, the New Guarantor has duly authorized the execution and delivery of this Supplemental Indenture to provide its Guarantee in
accordance with Article 10 of the Indenture and all things necessary to make this Supplemental Indenture and the Indenture a valid agreement of the New Guarantor, in accordance with the terms thereof, have been done; and 

WHEREAS, pursuant to Section 9.01 of the Indenture, the Trustee is authorized to execute and deliver this Supplemental Indenture. 

NOW, THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged,
the Issuers, the New Guarantor and the Trustee mutually covenant and agree for the benefit of each other and the equal and ratable benefit of the Holders of the Notes as follows: 

1.         CAPITALIZED TERMS. Capitalized terms used herein without
definition shall have the meanings assigned to them in the Indenture. 
 2.        
AGREEMENT TO GUARANTEE. The New Guarantor hereby agrees to provide an unconditional Guarantee on the terms and subject to the conditions set forth in the Guarantee and in the Indenture including but not
limited to Article 10 thereof. 
 4.         NO RECOURSE
AGAINST OTHERS. No past, present or future director, officer, employee, agent, manager, partner, member, incorporator, shareholder or unitholder of the Issuers or any Guarantor, as such, will have any liability for any
obligations of the Issuers or the Guarantors under the Notes, this Indenture, the Note Guarantees or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder of Notes by accepting a Note waives and
releases all such liability. The waiver and release are part of the consideration for issuance of the Notes. 

5.         NEW YORK LAW TO GOVERN. THE INTERNAL LAW OF THE STATE OF NEW YORK SHALL GOVERN AND BE USED
TO CONSTRUE THIS SUPPLEMENTAL INDENTURE WITHOUT GIVING EFFECT TO APPLICABLE PRINCIPLES OF CONFLICTS OF LAW TO THE 

  
 F-1 

 
EXTENT THAT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY. 

6.         COUNTERPARTS. The parties may sign any number of copies of this Supplemental
Indenture. Each signed copy shall be an original, but all of them together represent the same agreement. The exchange of copies of this Supplemental Indenture and of signature pages by facsimile or PDF transmission shall constitute effective
execution and delivery of this Supplemental Indenture as to the parties hereto and may be used in lieu of the original Supplemental Indenture for all purposes. Signatures of the parties hereto transmitted by facsimile or PDF shall be deemed to be
their original signatures for all purposes. 
 7.         EFFECT OF
HEADINGS. The Section headings herein are for convenience only and shall not affect the construction hereof. 

8.         THE TRUSTEE. The Trustee shall not be responsible in any
manner whatsoever for or in respect of the validity or sufficiency of this Supplemental Indenture or the Note Guarantee or for or in respect of the recitals contained herein, all of which recitals are made solely by the New Guarantor and the
Issuers. All of the provisions contained in the Indenture in respect of the rights, privileges, immunities, powers, and duties of the Trustee shall be applicable in respect of this Supplemental Indenture as fully and with like force and
effect as though fully set forth in full herein. 

  
 F-2 

 IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to be duly
executed and attested, all as of the date first above written. 
 Dated: _______________, 

 

			
	[NEW GUARANTOR]
		
	By	 	  

		 	Name:
		 	Title:
	
	HLF FINANCING SARL, LLC
		
	By	 	  

		 	Name: Richard Caloca
		 	Title: Manager
	
	HERBALIFE INTERNATIONAL, INC.
		
	By	 	  

		 	Name: Richard Caloca
		 	Title: Treasurer

  

			
	 MUFG UNION BANK, N.A.

    as Trustee

		
	By:	 	  

		 	Authorized Signatory

  
 F-3EX-10.1

 Exhibit 10.1 

Execution Version 
  

 
 CREDIT AGREEMENT 

dated as of 
 August 16, 2018

 among 
 HLF FINANCING SaRL,
LLC 
 as Term Loan Borrower, 

HERBALIFE INTERNATIONAL, INC., HERBALIFE NUTRITION LTD., HLF FINANCING SaRL, LLC and 

HERBALIFE INTERNATIONAL LUXEMBOURG S.À R.L., 

as Revolver Borrowers, 
 THE
LENDERS PARTY HERETO, 
 JEFFERIES FINANCE LLC, 

as Term Loan B Agent and Collateral Agent, 

COÖPERATIEVE RABOBANK U.A., NEW YORK BRANCH, 

as Term Loan A Agent and Revolver Administrative Agent, 

JEFFERIES FINANCE LLC and 

COÖPERATIEVE RABOBANK U.A., NEW YORK BRANCH, 

as Joint Lead Arrangers and Bookrunners for the Term Loan B Facility 

and 
 COÖPERATIEVE RABOBANK
U.A., NEW YORK BRANCH, 
 as Sole Lead Arranger and Bookrunner for the Term Loan A Facility and Revolving Credit Facility 

and 
 CITIZENS BANK, N.A.,
CITICORP NORTH AMERICA, INC., FIFTH THIRD BANK, and MIZUHO BANK, LTD. 
 as Joint Lead Arrangers 

and 
 CAPITAL ONE, NATIONAL
ASSOCIATION and COMERICA SECURITIES 
 as Co-Syndication Agents 

and 
 BBVA COMPASS 

as Documentation Agent 
  

 

 TABLE OF CONTENTS 
  

							
	 	 	 	  	Page	 
			
	 SECTION 1.
	 	 DEFINITIONS
	  	 	2	 
			
	 1.1
	 	Defined Terms	  	 	2	 
	 1.2
	 	Other Definitional Provisions	  	 	63	 
	 1.3
	 	Classification of Loans and Borrowings	  	 	66	 
	 1.4
	 	Accounting Terms; GAAP	  	 	66	 
	 1.5
	 	Pro Forma Calculations	  	 	67	 
	 1.6
	 	Classification of Permitted Items	  	 	67	 
	 1.7
	 	Rounding	  	 	68	 
	 1.8
	 	Currency Equivalents Generally	  	 	68	 
	 1.9
	 	Exchange Rates; Currency Equivalents	  	 	69	 
	 1.10
	 	Additional Alternative Currencies	  	 	69	 
	 1.11
	 	Change of Currency	  	 	70	 
			
	 SECTION 2.
	 	 AMOUNT AND TERMS OF COMMITMENTS
	  	 	71	 
			
	 2.1
	 	Term Loan Commitments	  	 	71	 
	 2.2
	 	Procedure for Term Loan Borrowing	  	 	71	 
	 2.3
	 	Repayment of Term Loans	  	 	72	 
	 2.4
	 	Revolving Credit Commitments	  	 	72	 
	 2.5
	 	Loans and Borrowings	  	 	73	 
	 2.6
	 	Requests for Revolving Credit Borrowing	  	 	73	 
	 2.7
	 	Letter of Credit	  	 	74	 
	 2.8
	 	Funding of Borrowings	  	 	82	 
	 2.9
	 	Interest Elections	  	 	82	 
	 2.10
	 	Termination and Reduction of Commitments	  	 	84	 
	 2.11
	 	Repayment of Revolving Credit Loans; Evidence of Debt	  	 	85	 
	 2.12
	 	Prepayment of Loans	  	 	86	 
	 2.13
	 	Fees	  	 	89	 
	 2.14
	 	Mandatory Prepayments	  	 	90	 
	 2.15
	 	Interest	  	 	94	 
	 2.16
	 	Alternate Rate of Interest	  	 	94	 
	 2.17
	 	Increased Costs	  	 	95	 
	 2.18
	 	Break Funding Payments	  	 	97	 
	 2.19
	 	Taxes	  	 	97	 
	 2.20
	 	Payments Generally; Pro Rata Treatment; Sharing of Set-offs	  	 	102	 
	 2.21
	 	Mitigation Obligations; Replacement of Lenders	  	 	104	 
	 2.22
	 	Defaulting Lenders	  	 	106	 
	 2.23
	 	Incremental Facilities	  	 	108	 
	 2.24
	 	Replacement Facilities	  	 	116	 
	 2.25
	 	Extensions of Term Loans and Revolving Credit Commitments	  	 	120	 
	 2.26
	 	Permitted Debt Exchanges	  	 	124	 
	 2.27
	 	MIRE Events	  	 	127	 

  
 i 

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
	 SECTION 3.
	 	 REPRESENTATIONS AND WARRANTIES
	  	 	127	 
			
	 3.1
	 	Financial Condition	  	 	127	 
	 3.2
	 	No Change	  	 	128	 
	 3.3
	 	Corporate Existence; Compliance with Law	  	 	128	 
	 3.4
	 	Organizational Power; Authorization; Enforceable Obligations	  	 	128	 
	 3.5
	 	No Legal Bar	  	 	129	 
	 3.6
	 	No Material Litigation	  	 	129	 
	 3.7
	 	Ownership of Property; Liens	  	 	129	 
	 3.8
	 	Intellectual Property	  	 	129	 
	 3.9
	 	Taxes	  	 	129	 
	 3.10
	 	Federal Reserve Board Regulations	  	 	130	 
	 3.11
	 	ERISA	  	 	130	 
	 3.12
	 	Investment Company Act	  	 	131	 
	 3.13
	 	Restricted Subsidiaries	  	 	131	 
	 3.14
	 	Use of Proceeds	  	 	131	 
	 3.15
	 	Environmental Matters	  	 	131	 
	 3.16
	 	Accuracy of Information, Etc	  	 	132	 
	 3.17
	 	Collateral Documents	  	 	132	 
	 3.18
	 	Solvency	  	 	133	 
	 3.19
	 	PATRIOT Act; FCPA; Sanctions	  	 	133	 
	 3.20
	 	Broker’s or Finder’s Commissions	  	 	134	 
	 3.21
	 	Labor Matters	  	 	134	 
	 3.22
	 	Representations as to Foreign Obligors	  	 	134	 
	 3.23
	 	Luxembourg Specific Representations	  	 	135	 
			
	 SECTION 4.
	 	 CONDITIONS PRECEDENT
	  	 	136	 
			
	 4.1
	 	Conditions to Closing Date	  	 	136	 
	 4.2
	 	Conditions to Each Post-Closing Extension of Credit	  	 	141	 
			
	 SECTION 5.
	 	 AFFIRMATIVE COVENANTS
	  	 	142	 
			
	 5.1
	 	Financial Statements	  	 	142	 
	 5.2
	 	Certificates; Other Information	  	 	143	 
	 5.3
	 	Payment of Obligations	  	 	145	 
	 5.4
	 	Conduct of Business and Maintenance of Existence, Compliance with Laws, Etc.	  	 	145	 
	 5.5
	 	Maintenance of Property; Insurance	  	 	146	 
	 5.6
	 	Inspection of Property; Books and Records; Discussions	  	 	146	 
	 5.7
	 	Notices	  	 	147	 
	 5.8
	 	Environmental Laws	  	 	148	 
	 5.9
	 	Additional Collateral, Etc	  	 	148	 

  
 ii 

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
	 5.10
	 	Use of Proceeds	  	 	156	 
	 5.11
	 	Further Assurances	  	 	156	 
	 5.12
	 	Maintenance of Ratings	  	 	157	 
	 5.13
	 	Designation of Subsidiaries	  	 	157	 
	 5.14
	 	Guarantor Coverage Test	  	 	158	 
	 5.15
	 	Post-Closing Matters	  	 	159	 
			
	 SECTION 6.
	 	 NEGATIVE COVENANTS
	  	 	159	 
			
	 6.1
	 	[Reserved]	  	 	159	 
	 6.2
	 	Limitation on Indebtedness	  	 	159	 
	 6.3
	 	Limitation on Liens	  	 	164	 
	 6.4
	 	Limitation on Fundamental Changes	  	 	169	 
	 6.5
	 	Limitation on Disposition of Property	  	 	171	 
	 6.6
	 	Limitation on Restricted Payments	  	 	174	 
	 6.7
	 	Limitation on Investments	  	 	176	 
	 6.8
	 	Limitation on Optional Payments of Junior Debt Instruments	  	 	180	 
	 6.9
	 	Limitation on Transactions with Affiliates	  	 	181	 
	 6.10
	 	Limitation on Sales and Leasebacks	  	 	183	 
	 6.11
	 	Limitation on Negative Pledge Clauses	  	 	183	 
	 6.12
	 	Limitation on Restrictions on Restricted Subsidiary Distributions	  	 	184	 
	 6.13
	 	Limitation on Lines of Business	  	 	185	 
	 6.14
	 	Total Leverage Ratio	  	 	185	 
	 6.15
	 	Modification of Certain Agreements	  	 	185	 
	 6.16
	 	Changes in Fiscal Periods	  	 	186	 
			
	 SECTION 7.
	 	 EVENTS OF DEFAULT
	  	 	186	 
			
	 7.1
	 	Events of Default	  	 	186	 
	 7.2
	 	Right to Cure	  	 	190	 
	 7.3
	 	Application of Funds	  	 	192	 
			
	 SECTION 8.
	 	 THE AGENTS
	  	 	193	 
			
	 8.1
	 	Appointment	  	 	193	 
	 8.2
	 	Delegation of Duties	  	 	194	 
	 8.3
	 	Exculpatory Provisions	  	 	194	 
	 8.4
	 	Reliance by the Agents	  	 	194	 
	 8.5
	 	Notice of Default	  	 	195	 
	 8.6
	 	Non-Reliance on the Agents and Other Lenders	  	 	195	 
	 8.7
	 	Indemnification	  	 	195	 
	 8.8
	 	The Agent in Its Individual Capacity	  	 	196	 
	 8.9
	 	Successor Agent	  	 	196	 

  
 iii 

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
	 8.10
	 	Arrangers, Documentation Agent and Syndication Agent	  	 	197	 
	 8.11
	 	Certain ERISA Matters	  	 	197	 
			
	 SECTION 9.
	 	 MISCELLANEOUS
	  	 	199	 
			
	 9.1
	 	Notices	  	 	199	 
	 9.2
	 	Waivers; Amendments	  	 	203	 
	 9.3
	 	Expenses; Indemnity; Damage Waiver	  	 	206	 
	 9.4
	 	Successors and Assigns	  	 	208	 
	 9.5
	 	Survival	  	 	215	 
	 9.6
	 	Counterparts; Integration; Effectiveness	  	 	215	 
	 9.7
	 	Severability	  	 	216	 
	 9.8
	 	Right of Setoff	  	 	216	 
	 9.9
	 	Governing Law; Jurisdiction; Consent to Service of Process	  	 	216	 
	 9.10
	 	WAIVER OF JURY TRIAL	  	 	217	 
	 9.11
	 	Headings	  	 	217	 
	 9.12
	 	Confidentiality	  	 	217	 
	 9.13
	 	PATRIOT Act	  	 	219	 
	 9.14
	 	Release of Liens and Guarantees; Secured Parties	  	 	219	 
	 9.15
	 	No Fiduciary Duty	  	 	220	 
	 9.16
	 	Interest Rate Limitation	  	 	221	 
	 9.17
	 	Intercreditor Agreements	  	 	221	 
	 9.18
	 	Discretionary Guarantors	  	 	222	 
	 9.19
	 	Posting of Margin and Collateral	  	 	223	 
	 9.20
	 	Judgment Currency	  	 	223	 
	 9.21
	 	Acknowledgement and Consent to Bail-In of EEA Financial Institutions	  	 	223	 
	 9.22
	 	Collateral	  	 	224	 

 SCHEDULES 
  

			
	 1.1(A)
	  	 Closing Date Guarantors

	 1.1(B)
	  	 Existing Roll-Over Letters of Credit

	 1.2
	  	 Closing Date Mortgaged Property

	 2.1
	  	 Lenders

	 3.4
	  	 Consents, Authorizations, Filings and Notices

	 3.9
	  	 Tax ID Numbers

	 3.13(a)
	  	 Restricted Subsidiaries

	 3.13(b)
	  	 Agreements Related to Capital Stock

	 5.15
	  	 Post-Closing Matters

	 6.2(d)
	  	 Existing Indebtedness

	 6.3(f)
	  	 Existing Liens

	 6.7(c)    
	  	 Existing Investments

  
 iv 

 TABLE OF CONTENTS 

 

 Page 
  

			
	 6.9(b)
	  	 Existing Affiliate Transactions

	 6.11
	  	 Existing Negative Pledges

 EXHIBITS: 
  

			
	 A
	  	 Form of Security Agreement

	 B
	  	 Form of Compliance Certificate

	 C
	  	 Form of Closing Certificate

	 D
	  	 Form of Perfection Certificate

	 E
	  	 Form of Assignment and Assumption

	 F-1
	  	 Form of Senior/Junior Intercreditor Agreement

	 F-2
	  	 Form of Senior Pari Passu Intercreditor Agreement

	 G-1
	  	 Form of Term A Note

	 G-2
	  	 Form of Term B Note

	 G-3
	  	 Form of Revolving Credit Note

	
H-1 – H-4
	  	 Forms of US Tax Compliance Certificates

	 I
	  	 Form of Borrowing Request

	 J
	  	 Form of Solvency Certificate

	 K
	  	 Form of Notice of Additional Guarantor

  
 v 

 CREDIT AGREEMENT, dated as of August 16, 2018, among HLF Financing
SaRL, LLC, a Delaware limited liability company (the “Term Loan Borrower”), Herbalife Nutrition Ltd., a Cayman Islands exempted company incorporated with limited liability with company number 116838 and with its registered office at
Maples Corporate Services Limited, P.O. Box 309, Ugland House, Grand Cayman, KY1-1104, Cayman Islands (“Parent”), Herbalife International Luxembourg S.à R.L., a Luxembourg private
limited liability company (société à responsabilité limitée), existing and organized under the laws of Luxembourg, having its registered
office at 16, avenue de la Gare, L-1610 Luxembourg and registered with the Luxembourg Register of Commerce and Companies (R.C.S. Luxembourg) under number B 88.006 (“HIL”), Herbalife
International, Inc., a Nevada corporation (“HII” and, together with Parent, the Term Loan Borrower and HIL, the “Revolver Borrowers”; the Revolver Borrowers, together with the Term Loan Borrower, are referred to
herein as the “Borrowers”), the several banks and other financial institutions or entities from time to time parties to this Agreement as lenders, Jefferies Finance LLC (“Jefferies”), as administrative agent for the
Term Loan B Lenders (together with its successors and permitted assigns in such capacity, the “Term Loan B Agent”) and collateral agent (together with its successors and permitted assigns in such capacity, the “Collateral
Agent”), and Coöperatieve Rabobank U.A., New York Branch (“Rabobank”), as an Issuing Bank and as administrative agent for the Term Loan A Lenders (together with its successors and permitted assigns in such capacity,
the “Term Loan A Agent” and together with the Term Loan B Agent, the “Term Loan Administrative Agents” and each, a “Term Loan Administrative Agent”) and the Revolving Credit Lenders (together with
its successors and permitted assigns in such capacity, the “Revolver Administrative Agent” and, together with the Term Loan Administrative Agents, the “Administrative Agents”; the Term Loan Administrative Agents,
the Collateral Agent and the Revolver Administrative Agent are referred to herein collectively as the “Agents” and each, an “Agent”). 

PRELIMINARY STATEMENTS 

The Borrowers have requested that (i) the Term Loan A Lenders extend credit to the Term Loan Borrower in the form of Term
A Loans on the Closing Date in an initial aggregate principal amount of up to $250.0 million pursuant to this Agreement, (ii) the Term Loan B Lenders extend credit to the Term Loan Borrower in the form of Term B Loans on the Closing Date
in an initial aggregate principal amount of up to $750.0 million pursuant to this Agreement and (iii) the Revolving Credit Lenders extend credit to the Revolver Borrowers in accordance with the Revolving Credit Commitments in an initial
aggregate principal amount of up to $250.0 million pursuant to this Agreement (with the aggregate principal amount of Revolving Credit Loans permitted to be borrowed on the Closing Date). 

On the Closing Date, Parent will enter into the Senior Notes Indenture pursuant to which Parent will issue Senior Notes in an
aggregate principal amount of $400.0 million and the proceeds of the Loans, together with the Senior Notes and the cash on hand, will be used in part to repay in full all amounts due or outstanding under the Credit Agreement dated as of
February 15, 2017, as amended and restated on March 8, 2018, among Parent, the Term Loan Borrower, HII, HIL, HLF Financing US , LLC, a Delaware limited liability company as the other term loan borrower thereunder, the guarantors party
thereto, the lenders party thereto, Credit Suisse AG, Cayman Islands Branch, as administrative agent for the Term Loan Lenders and Coöperatieve Rabobank U.A., New York Branch, as administrative agent for the Revolving Credit Lenders (the
“Existing  

  
 1 

 
Credit Agreement”) and such repayment, together with the termination of all commitments thereunder and the release of all liens granted in connection therewith, the
“Refinancing”), and to pay Transaction Costs. 
 The Lenders have indicated their willingness to extend
credit on the terms and subject to the conditions set forth herein. 
 In consideration of the mutual covenants and
agreements herein contained, the parties hereto covenant and agree as follows: 
 SECTION 1. DEFINITIONS 

1.1      Defined Terms. As used in this Agreement, the terms listed in this
Section 1.1 shall have the respective meanings set forth in this Section 1.1. 
 “2014 Convertible
Notes”: the Convertible Senior Notes due 2019 issued pursuant to that certain Indenture, dated as of February 7, 2014, by and among Parent and Union Bank, N.A., in its capacity as trustee, as amended, restated, supplemented or
otherwise modified from time to time to the extent not less favorable in any material respect to the Loan Parties or the Lenders than as in effect on the Closing Date. 

“2018 Convertible Notes”: the Convertible Senior Notes due 2024 issued pursuant to that certain Indenture,
dated as of March 15, 2018, by and among Parent and MUFG Union Bank, N.A., in its capacity as trustee, as amended, restated, supplemented or otherwise modified from time to time to the extent not less favorable in any material respect to the
Loan Parties or the Lenders than as in effect on the Closing Date. 
 “ABR”: when used in reference to any
Loan or Borrowing, refers to whether such Loan, or the Loans comprising such Borrowing, are bearing interest at a rate determined by reference to the Alternate Base Rate. 

“Accounting Change”: as defined in Section 1.4. 

“Additional Lenders”: any Eligible Assignee that makes an Incremental Term A Loan, an Incremental Term B Loan
or Replacement Term Loan or extends Incremental Revolving Commitments or commitments with respect to Incremental Revolving Increases pursuant to Section 2.23 or 2.24. 

“Adjusted LIBO Rate”: with respect to any Eurodollar Borrowing, for any Interest Period, an interest rate per
annum equal to (a) the LIBO Rate for such Interest Period multiplied by (b) the Statutory Reserve Rate; provided, that the Adjusted LIBO Rate shall in no event be less than 0.00%. 

“Administrative Agents”: as defined in the preamble hereto. 

“Administrative Questionnaire”: an administrative questionnaire in a form supplied by the applicable
Administrative Agent. 

  
 2 

 “Affiliate”: as to any Person, any other Person that,
directly or indirectly, is in control of, is controlled by, or is under common control with, such Person. For purposes of this definition, “control” of a Person means the power, directly or indirectly, to direct or cause the direction of
the management and policies of such Person, whether by contract or otherwise. For purposes of this Agreement and the other Loan Documents, Jefferies LLC and its Affiliates shall be deemed to be Affiliates of Jefferies Finance LLC and its Affiliates.

 “Agency Fee Letters”: collectively, (i) that certain Agency Fee Letter, dated August 16, 2018,
by and among, inter alios, the Borrowers and Jefferies and (ii) that certain Agency Fee Letter, dated August 16, 2018, by and among the Borrowers and Rabobank. 

“Agent”: as defined in the preamble hereto. 

“Agent Indemnitee”: as defined in Section 8.7. 

“Aggregate Exposure”: with respect to any Lender at any time, an amount equal to (a) until the Closing
Date, the aggregate amount of such Lender’s Commitments at such time and (b) thereafter, the sum of (i) the aggregate then unpaid principal amount of such Lender’s Term A Loans and/or Term B Loans, as applicable and (ii) the
amount of such Lender’s Revolving Credit Commitments then in effect or, if the Revolving Credit Commitments have been terminated, the amount of such Lender’s Revolving Credit Exposure. 

“Aggregate Exposure Percentage”: with respect to any Lender at any time, the ratio (expressed as a
percentage) of such Lender’s Aggregate Exposure at such time to the Aggregate Exposure of all Lenders at such time. 

“Agreement”: this Credit Agreement. 

“Alternate Base Rate”: for any day, a rate per annum equal to the greatest of (a) the
Prime Rate in effect on such day, (b) the Federal Funds Effective Rate in effect on such day plus 1/2 of 1.00% and (c) the Adjusted LIBO Rate that would be calculated as of such day (or, if such day is not a Business Day, as of the next
preceding Business Day) in respect of a proposed Eurodollar Loan with a one-month Interest Period plus 1.00%; provided, that the Alternate Base Rate shall in no event be less than 1.00%. For the purpose
of clause (c) above, the Adjusted LIBO Rate for any day shall be based on the rate determined on such day at approximately 11:00 a.m. (London time) by reference to the ICE Benchmark Administration Limited (or such other Person that takes over
the administration of such rate) LIBO Rate for deposits in US Dollars (as set forth by any service selected by the applicable Administrative Agent that has been nominated by the ICE Benchmark Administration Limited (or such other Person that takes
over the administration of such rate) as an authorized vendor for the purpose of displaying such rates). If the applicable Administrative Agent shall have determined (which determination shall be conclusive absent manifest error) that it is unable
to ascertain the Federal Funds Effective Rate for any reason, the Alternate Base Rate shall be determined without regard to clause (b) of the immediately preceding sentence until the circumstances giving rise to such inability no longer exist.
Any change in the Alternate Base Rate due to a change in the Prime Rate, the Federal Funds Effective Rate or such Adjusted LIBO Rate 

  
 3 

 
shall be effective from and including the effective date of such change in the Prime Rate, the Federal Funds Effective Rate or such Adjusted LIBO Rate, respectively. 

“Alternative Currency”: each of Euro and each other currency (other than US Dollars) that is approved in
accordance with Section 1.10. 
 “Alternative Currency Equivalent”: at any time, with respect to any
amount denominated in Dollars, the equivalent amount thereof in the applicable Alternative Currency as determined by the Revolver Administrative Agent or the applicable Issuing Bank, as applicable, at such time on the basis of the Spot Rate
(determined in respect of the most recent Revaluation Date) for the purchase of such Alternative Currency with US Dollars. 

“Applicable Discount”: as defined in Section 2.12(f)(iii). 

“Applicable Margin”: (a) with respect to Term A Loans, the rate per annum equal to (i) for
ABR Loans, 2.00%, and (ii) for Eurodollar Loans, 3.00%, (b) with respect to Term B Loans, the rate per annum equal to (i) for ABR Loans, 2.25%, and (ii) for Eurodollar Loans, 3.25%, (c) with respect to Revolving Credit Loans, the rate
per annum equal to (i) for ABR Loans, 2.00% and (ii) for Eurodollar Loans, 3.00%, (d) with respect to any Incremental Facility, the rate or rates per annum set forth in the applicable Incremental Facility Amendment,
(e) with respect to any Extended Revolving Credit Commitment or Extended Term Loan, the rate or rates per annum specified in the applicable Extension Offer and (f) with respect to any Replacement Facility, the rate or rates per annum
specified in the applicable Replacement Facility Amendment. 
 “Applicable Percentage”: with respect to any
Revolving Credit Lender, the percentage of the Total Revolving Credit Commitments represented by such Lender’s Revolving Credit Commitment. If the Revolving Credit Commitments have terminated or expired, the Applicable Percentages shall be
determined based upon the Revolving Credit Commitments most recently in effect, after giving effect to any assignments. The Applicable Percentage shall be adjusted appropriately, as determined by the Revolver Administrative Agent, in accordance with
Section 2.22(c) to disregard the Revolving Credit Commitment of Defaulting Lenders. 
 “Applicable Prepayment
Percentage”: (a) on or prior to February 16, 2019, 1.00%, and (b) thereafter, 0%. 
 “Appraisal
Period”: any period of twelve consecutive calendar months commencing on May 1 in any calendar year through and including April 30 in the following calendar year. 

“Approved Fund”: any Person (other than a natural person) that is engaged in making, purchasing, holding or
investing in bank loans and similar extensions of credit as its primary activity and that is administered or managed by (a) a Lender, (b) an Affiliate of a Lender or (c) an entity or an Affiliate of an entity that administers or
manages a Lender. 
 “Arrangers”: (i) Jefferies and Rabobank, as joint lead arrangers and joint bookrunners
for the Term Loan B Facility, (ii) Rabobank as sole lead arranger and bookrunner for the Term Loan A Facility and the Revolving Credit Facility and (iii) Citizens Bank, N.A. (“Citizens”), Citicorp

  
 4 

 
North America, Inc. (“Citi”), Fifth Third Bank (“Fifth Third”) and Mizuho Bank, Ltd. (“Mizuho”) as joint lead arrangers for the Facilities. 

“Asset Sale”: any Disposition of Property or series of related Dispositions of Property pursuant to
clause (d)(ii), (j), (k), (o) or (q) of Section 6.5 or Section 6.10 to the extent applicable by any Group Member to any Person (other than a Group Member). 

“Assignment and Assumption”: an assignment and assumption entered into by a Lender and an assignee (with the
consent of any party whose consent is required by Section 9.4), and accepted by the applicable Administrative Agent, in the form of Exhibit E-1 or any other form approved by the applicable
Administrative Agent and the applicable Borrowers. 
 “Attributable Indebtedness”: when used with respect
to any Sale and Leaseback Transaction, as at the time of determination, the present value (discounted at a rate equivalent to Parent’s then current weighted average cost of funds for borrowed money as at the time of determination, compounded on
a semi-annual basis) of the total obligations of the lessee for rental payments during the remaining term of the lease included in any such Sale and Leaseback Transaction. 

“Auction”: as defined in Section 2.12(f)(i). 

“Auction Amount”: as defined in Section 2.12(f)(i). 

“Auction Notice”: as defined in Section 2.12(f)(i). 

“Auto Renewal Letter of Credit”: as defined in Section 2.7(c). 

“Availability Period”: with respect to the Revolving Credit Facility, the period from and after the Closing
Date to but excluding the earlier of the Revolving Credit Maturity Date and the date of termination of the Revolving Credit Commitments. 

“Available Basket”: as of any date of determination, an amount equal to (a)(i) $250.0 million
plus (ii) (x) an amount equal to 50% of Consolidated Net Income of the Group Members for the period (taken as one accounting period) commencing with July 1, 2018 to the end of the fiscal quarter most recently ended in respect of
which a Compliance Certificate has been delivered as required hereunder or (y) in the case such Consolidated Net Income for such period is a deficit, minus 100% of such deficit, plus (iii) the net cash proceeds from the
issuance of Capital Stock of, or capital contributions to, Parent after the Closing Date (other than proceeds from the issuance of Disqualified Capital Stock, Excluded Contributions, any Cure Amount and proceeds from capital contributions described
in Section 6.2(y)) other than, for the avoidance of any doubt, in connection with the 2014 Convertible Notes and/or the 2018 Convertible Notes, plus (iv) the net cash proceeds received by Parent after the Closing Date from the
issuance or sale of convertible or exchangeable Disqualified Capital Stock or debt securities of any Group Member that has thereafter been converted into or exchanged for Qualified Capital Stock other than, for the avoidance of any doubt, in
connection with the 2014 Convertible Notes and/or the 2018 Convertible Notes, plus (v) returns, repayments, interest, profits, distributions, income and similar amounts received in cash or Cash Equivalents by the Group Members in respect
of Investments (including Investments made in non-

  
 5 

 
Group Members) made using the Available Basket (such amounts not exceeding the fair market value (as determined in good faith by Parent) of such original Investment), plus (vi) an
amount equal to Retained Asset Sale Proceeds, plus (vii) the Investments of the Group Members made using the Available Basket in any Unrestricted Subsidiary that has been re-designated as a
Restricted Subsidiary or that has been merged or consolidated with or into Parent or any of the Restricted Subsidiaries (up to the lesser of (A) the fair market value (as determined in good faith by Parent) of the Investments of Parent and the
Restricted Subsidiaries made using the Available Basket in such Unrestricted Subsidiary at the time of such re-designation or merger or consolidation and (B) the fair market value (as determined in good
faith by Parent) of the original Investments by Parent and the Restricted Subsidiaries made using the Available Basket in such Unrestricted Subsidiary), plus (viii) any Declined Term Loan A Proceeds and Declined Term Loan B Proceeds,
minus (b) the sum of (w) Investments made pursuant to Section 6.7(f)(iii), (x) the amount of Restricted Payments made by Parent pursuant to Section 6.6(d), (y) Investments made pursuant to Section 6.7(s) and
(z) Specified Prepayments made pursuant to Section 6.8(ii), in each case to the extent utilizing the Available Basket. 

“Bail-In Action”: the exercise of any Write-Down and Conversion
Powers by the applicable EEA Resolution Authority in respect of any liability of an EEA Financial Institution. 
 “Bail-In Legislation”: with respect to any EEA Member Country implementing Article 55 of Directive 2014/59/EU of the European Parliament and of the Council of the European Union, the implementing law
for such EEA Member Country from time to time which is described in the EU Bail-In Legislation Schedule. 

“Bankruptcy Code”: Title 11 of the United States Code (11 U.S.C. § 101, et seq.). 

“Bankruptcy Event”: with respect to any Person, such Person becomes the subject of a bankruptcy or insolvency
proceeding or a corporate statutory arrangement proceeding having similar effect, is subject to, or any Person that directly or indirectly controls such Person is subject to, a forced liquidation, or
winding-up, or has had a receivership, liquidator, provisional liquidator, or has had a receiver, conservator, trustee, administrator, custodian, monitor, assignee for the benefit of creditors or similar
Person charged with the reorganization or liquidation of its business appointed for it or any substantial part of its assets, or, in the good faith determination of the Term Loan Administrative Agent, has taken any action or the shareholders of such
Person have passed a resolution in furtherance of, or indicating its consent to, approval of, or acquiescence in, any such proceeding or appointment under the laws of any jurisdiction; provided, that a Bankruptcy Event shall not result solely by
virtue of any ownership interest, or the acquisition of any ownership interest, in such Person by a Governmental Authority or instrumentality thereof, so long as such ownership interest does not result in or provide such Person with immunity from
the jurisdiction of courts within the United States or from the enforcement of judgments or writs of attachment on its assets or permit such Person (or such Governmental Authority or instrumentality) to reject, repudiate, disavow or disaffirm any
contracts or agreements made by such Person. 
 “Beneficial Ownership Certification” means a certification
regarding beneficial ownership as required by the Beneficial Ownership Regulation. 

  
 6 

 “Beneficial Ownership Regulation” means 31 C.F.R. §
1010.230. 
 “Benefit Plan” means any of (a) an “employee benefit plan” (as defined in
ERISA) that is subject to Title I of ERISA, (b) a “plan” as defined in and subject to Section 4975 of the Code or (c) any Person whose assets include (for purposes of ERISA Section 3(42) or otherwise for purposes of
Title I of ERISA or Section 4975 of the Code) the assets of any such “employee benefit plan” or “plan”. 

“Board”: the Board of Governors of the Federal Reserve System of the United States (or any successor
thereto). 
 “Board of Directors”: with respect to any Person, (i) in the case of any corporation or
exempted company, the board of directors of such Person, (ii) in the case of any limited liability company, the board of managers of such person or, if there is none, the Board of Directors of the managing member of such Person, (iii) in
the case of any partnership, the Board of Directors of the general partner of such Person, (iv) in any other case, the functional equivalent of the foregoing, and (v) in the case of any Person organized under the laws of a jurisdiction
other than the United States, any State thereof or the District of Columbia, the foreign equivalent of any of the foregoing. 

“Borrower Materials”: as defined in Section 9.1. 

“Borrowers”: as defined in the preamble. 

“Borrowing”: Loans of the same Class and Type, made, converted or continued on the same date and, in the
case of Eurodollar Loans, as to which a single Interest Period is in effect. 
 “Borrowing Request”: a
request by the applicable Borrowers for a Borrowing substantially in the form of Exhibit I. 
 “Business
Day”: any day that is not a Saturday, Sunday or other day on which commercial banks in New York City or Luxembourg are authorized or required by law to remain closed; provided, that, when used in connection with a Eurodollar Loan,
the term “Business Day” shall also exclude any day on which banks are not open for dealings in US Dollar deposits in the London interbank market. 

“Capital Expenditures”: for any period, with respect to any Person, the aggregate of all expenditures by such
Person for the acquisition or leasing (pursuant to a capital lease) of fixed or capital assets or additions to equipment (including replacements, capitalized repairs and improvements during such period) that are required to be capitalized under GAAP
on a balance sheet of such Person, it being understood that Capital Expenditures do not include amounts expended to purchase assets constituting an on-going business, including investments that constitute
Permitted Acquisitions. 
 “Capital Lease Obligations”: with respect to any Person, the obligations of such
Person to pay rent or other amounts under any lease of (or other arrangement conveying the right to use) real or personal property, or a combination thereof, which obligations are required to be classified and accounted for as capital leases on a
balance sheet of such Person under GAAP; and the amount of 

  
 7 

 
such obligations at any time shall be the capitalized amount thereof at such time determined in accordance with GAAP. 

“Capital Stock”: any and all shares, interests, participations or other equivalents (however designated) of
capital stock or equity of a corporation or exempted company, any and all equivalent ownership interests in a Person (other than a corporation) and any and all warrants, rights or options to purchase any of the foregoing, but excluding debt
securities convertible or exchangeable into any of the foregoing and/or into cash based on the value of the foregoing (including the 2014 Convertible Notes and the 2018 Convertible Notes). 

“Cash Equivalents”: (a) US Dollars; (b) securities and other obligations issued or directly and
fully guaranteed or insured by the United States government or any agency or instrumentality thereof (provided, that the full faith and credit of such country is pledged in support of those securities) having maturities of not more than one
year from the date of acquisition; (c) certificates of deposit, time deposits and eurocurrency time deposits with maturities of one year or less from the date of acquisition, demand deposits, bankers’ acceptances with maturities not
exceeding one year and overnight bank deposits, in each case, with any Lender or with any domestic or foreign bank having, or which is a banking subsidiary of a domestic or foreign bank holding company or any branch of a foreign bank in the US
having, capital and surplus of not less than $500.0 million (or its foreign currency equivalent); (d) fully collateralized repurchase obligations for underlying securities of the types described in clauses (b) and (c) above or
clause (f) below entered into with any financial institution meeting the qualifications specified in clause (c) above; (e) commercial paper and variable or fixed rate notes rated at least P-2 by
Moody’s or at least A-2 by S&P (or, if at any time neither Moody’s nor S&P shall be rating such obligations, an equivalent rating from another nationally recognized statistical rating agency)
and, in each case, maturing within one year after the date of acquisition; (f) marketable short-term money market and similar highly liquid funds having a rating of at least P-2 or A-2 from either Moody’s or S&P, respectively (or, if at any time neither Moody’s nor S&P shall be rating such obligations, an equivalent rating from another nationally recognized statistical rating
agency); (g) readily marketable direct obligations issued by any state, commonwealth or territory of the United States or any political subdivision thereof rated at least P-2 by Moody’s or at least A-2 by S&P (or, if at any time neither Moody’s nor S&P shall be rating such obligations, an equivalent rating from another nationally recognized statistical rating agency) with maturities of one year or
less from the date of acquisition; (h) Investments with average maturities of one year or less from the date of acquisition in money market funds rated AAA- (or the equivalent thereof) or better by
S&P or Aaa3 (or the equivalent thereof) or better by Moody’s (or, if at any time neither Moody’s nor S&P shall be rating such obligations, an equivalent rating from another nationally recognized statistical rating agency); and
(i) investment funds investing substantially all of their assets in Cash Equivalents of the kinds described in clauses (a) through (h) of this definition. 

In the case of Investments by any Foreign Subsidiary that is a Restricted Subsidiary, Cash Equivalents shall also include
(i) Investments of the type and maturity described in clauses (a) through (i) above of foreign obligors, which Investments or obligors (or the parents of such obligors) have ratings described in such clauses and (ii) other
short-term investments utilized by Foreign Subsidiaries that are Restricted Subsidiaries in accordance with normal investment 

  
 8 

 
practices for cash management in investments analogous to the foregoing investments in clauses (a) through (i) and in this paragraph. 

Notwithstanding the foregoing, Cash Equivalents shall include, in the case of any Foreign Subsidiary, amounts denominated in
the local currency of the jurisdiction of incorporation or formation of such Foreign Subsidiary in addition to those set forth in clause (a) above; provided, that such amounts are held by such Foreign Subsidiary from time to time in the
ordinary course of business and not for speculation. 
 “Cash Management Obligations”: obligations owed by
any Loan Party to any Qualified Counterparty in respect of or in connection with Cash Management Services and designated by such Qualified Counterparty and the Borrowers in writing to the Collateral Agent as “Cash Management Obligations”.

 “Cash Management Services”: any treasury, depositary, disbursement, lockbox, funds transfer, pooling,
netting, overdraft, stored value card, purchase card (including so-called “procurement cards” or “P-cards”), debit card, credit card, e-payable, cash management and similar services and any automated clearing house transfer of funds. 

“Cayman Security Documents”: the following Cayman Islands law governed security agreements: 

(i)       an equitable mortgage over shares made between Parent, as mortgagor,
and the Collateral Agent, over 100% of the shares held by Parent in WH Intermediate Holdings Ltd.; 

(ii)      an equitable mortgage over shares made between WH Intermediate
Holdings Ltd., as mortgagor, and the Collateral Agent, over 100% of the shares held by WH Intermediate Holdings Ltd. in HV Holdings Ltd.; and 

(iii)     an equitable mortgage over shares made between WH Intermediate Holdings
Ltd., as mortgagor, and the Collateral Agent, over 100% of the shares held by WH Intermediate Holdings Ltd. in HBL Ltd. 

“CFC”: any “controlled foreign corporation” within the meaning of Section 957 of the Code that
is directly or indirectly owned by any member of the Parent Group that is a “United States person,” within the meaning of Section 7701(a)(30) of the Code. 

“CFC Debt”: intercompany loans, indebtedness or receivables owed (or treated as owed for U.S. federal income
tax purposes) by one or more CFCs. 
 “Change in Law”: (a) the adoption of any law, rule, regulation or
treaty after the date of this Agreement or, if later, the date on which the applicable Lender or Issuing Bank becomes a Lender or Issuing Bank hereunder, (b) any change in any law, rule, regulation or treaty or in the interpretation or
application thereof by any Governmental Authority after the date of this Agreement or, if later, the date on which the applicable Lender or Issuing Bank becomes a Lender or Issuing Bank hereunder or (c) compliance by any Lender or Issuing Bank
(or, for purposes of 

  
 9 

 
Section 2.17(b), by any lending office of such Lender or Issuing Bank or by such Lender’s or Issuing Bank’s holding company, 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 date of this Agreement or, if later, the date on which the applicable Lender or Issuing Bank becomes a Lender or Issuing Bank hereunder; provided, that,
notwithstanding anything herein to the contrary, (i) the Dodd-Frank Wall Street Reform and Consumer Protection Act and all requests, rules, guidelines or directives promulgated thereunder or issued in connection therewith and (ii) 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 or foreign regulatory authorities, in each case
pursuant to Basel III, in each case shall be deemed to be a “Change in Law”, regardless of the date enacted, adopted, promulgated or issued. 

“Change of Control”: the occurrence of any of the following events: (a) any “person” or
“group” (as such terms are used in Sections 13(d) and 14(d) of the Exchange Act (but (i) excluding any employee benefit plan of Parent or any of its Subsidiaries and any Person acting in its capacity as trustee, agent or other
fiduciary or administrator of any such plan, (ii) excluding from any determination of the amount of Capital Stock beneficially owned by such “person” or “group,” where such person or group includes both Permitted Holders and
one or more Persons that are not Permitted Holders, any Capital Stock owned by Permitted Holders, and (iii) excluding any “person” or “group” comprised solely of Permitted Holders) shall become the “beneficial
owner” (as defined in Rules 13d-3 and 13d-5 under the Exchange Act), directly or indirectly, of Capital Stock representing more than 35.0% of the ordinary voting
power for the election of directors of Parent, measured by voting power rather than number of shares; (b) Parent shall cease to own and control, of record and beneficially, directly or indirectly, 100% of each class of outstanding Capital Stock
of each other Borrower free and clear of all Liens (except Permitted Liens); or (c) a Specified Change of Control. 

“Class”: (a) when used with respect to Lenders, refers to whether such Lenders are Revolving Credit Lenders,
Term Loan Lenders, Incremental Revolving Lenders (of the same tranche), Lenders in respect of Incremental Term A Loans or Incremental Term B Loans (of the same tranche), Extending Revolving Credit Lenders (of the same tranche), Lenders in respect of
a Replacement Revolving Credit Facility, Extending Term Lenders (of the same tranche) or Lenders in respect of Replacement Term Loans (of the same tranche), (b) when used with respect to Commitments, refers to whether such Commitments are Revolving
Credit Commitments, Term Loan Commitments, Incremental Revolving Commitments (of the same tranche), commitments in respect of Incremental Term A Loans or Incremental Term B Loans (of the same tranche), Extended Revolving Credit Commitments (of the
same tranche), Replacement Revolving Credit Commitments, commitments to make Extended Term Loans (of the same tranche) or commitments to make Replacement Term Loans (of the same tranche) and (c) when used with respect to Loans or Borrowings,
refers to whether such Loan or the Loans comprising such Borrowing, are Revolving Credit Loans, Term Loans, Incremental Term A Loans or Incremental Term B Loans (of the same tranche), Extended Term Loans (of the same tranche) or Replacement Term
Loans (of the same tranche) or other loans in respect of the same Class of Commitments. 
 “Closing
Date”: the date on which the conditions precedent set forth in Section 4.1 shall have been satisfied or waived in accordance with Section 9.2. 

  
 10 

 “Code”: the Internal Revenue Code of 1986, as amended. 

“Collateral”: all Property of the Loan Parties, now owned or hereafter acquired, upon which a Lien is created
or purported to be created by any Collateral Document. 
 “Collateral Agent”: as defined in the preamble
hereto. 
 “Collateral Documents”: collectively, the Perfection Certificate, the Security Agreement, any US
IP Security Agreements, any Mortgages, the Cayman Security Documents, the Luxembourg Security Documents, the Pledge Agreement, the IP Security Agreement, any security agreements, pledge agreements, mortgages, deeds to secure debt or deeds of trust,
or other similar agreements delivered to the Collateral Agent pursuant to Section 5.9 hereof and each of the other agreements, instruments or documents that creates or purports to create a Lien in favor of the Collateral
Agent for the benefit of the Secured Parties. 
 “Commitment”: with respect to any Lender, a Term Loan A
Commitment, Term Loan B Commitment or a Revolving Credit Commitment of such Lender, as the context may require. 

“Commonly Controlled Entity”: an entity, whether or not incorporated, that is under common control with
Parent within the meaning of Section 4001 of ERISA or is part of a group that includes Parent and that is treated as a single employer under Section 414(b) or (c) of the Code or, solely for purposes of Section 302 of ERISA and
Section 412 of the Code, is treated as a single employer under subsection (b), (c), (m) or (o) of Section 414 of the Code. 

“Communications”: as defined in Section 9.1. 

“Company Intellectual Property”: as defined in Section 3.8(i). 

“Compliance Certificate”: a certificate duly executed by a Responsible Officer, substantially in the form of
Exhibit B. 
 “Connection Income Taxes”: Other Connection Taxes that are imposed on or measured by net
income (however denominated) or that are franchise Taxes or branch profits Taxes. 
 “Consolidated Current
Assets”: of Parent at any date, all amounts (other than cash and Cash Equivalents) that would, in conformity with GAAP, be set forth opposite the caption “total current assets” (or any like caption) on a consolidated balance sheet
of the Group Members at such date, excluding deferred tax assets, assets held for sale, loans permitted to third parties, pension assets, deferred bank fees and derivative financial instruments, and, furthermore, excluding the effects of adjustments
pursuant to GAAP resulting from the application of recapitalization accounting or purchase accounting, as the case may be, in relation to the Transactions or any consummated acquisition. 

“Consolidated Current Liabilities”: of Parent at any date, all amounts that would, in conformity with GAAP,
be set forth opposite the caption “total current liabilities” (or any like caption) on a consolidated balance sheet of the Group Members at such date, excluding, to the extent otherwise included therein, (a) the current portion of any
Funded Debt or other long-term 

  
 11 

 
liabilities (including Capital Lease Obligations) or interest, (b) revolving loans and letter of credit obligations under the Revolving Credit Facility or any other revolving credit
facilities or revolving lines of credit, (c) deferred tax liabilities, and (d) non-cash compensation liabilities and, furthermore, excluding the effects of adjustments pursuant to GAAP resulting from
the application of recapitalization accounting or purchase accounting, as the case may be, in relation to the Transactions or any consummated acquisition. 

“Consolidated EBITDA”: with respect to any Person for any period, Consolidated Net Income for such period,
adjusted, in each case only to the extent (and in the same proportion) deducted in determining Consolidated Net Income, without duplication, by (x) adding thereto: 

(a)       Consolidated Interest Expense, 

(b)       provision for taxes based on income, 

(c)       depreciation, 

(d)       amortization (including amortization of deferred fees and accretion of
original issue discount); 
 (e)       all other noncash items subtracted in
determining Consolidated Net Income (including any noncash charges and noncash equity based compensation expenses related to any grant of stock, stock options or other equity-based awards (including, without limitation, restricted stock units or
stock appreciation rights) of such Person or any of its Restricted Subsidiaries recorded under GAAP, noncash charges related to warrants or other derivative instruments classified as equity instruments that will result in equity settlements and not
cash settlements, and noncash losses or charges related to impairment of goodwill and other intangible assets and excluding any noncash charge that results in an accrual of a reserve for cash charges in any future period) for such period, 

(f)       fees and expenses incurred in connection with the incurrence,
prepayment, amendment, or refinancing of Indebtedness (including in connection with (i) the negotiation and documentation of this Agreement and the other Loan Documents and any amendments or waivers thereof and (ii) the on-going compliance with this Agreement and the other Loan Documents); and 
 (y) subtracting therefrom
the aggregate amount of all noncash items and nonrecurring gains or credits, determined on a consolidated basis, to the extent such items were added in determining Consolidated Net Income for such period. 

“Consolidated First Lien Debt”: at any date, the sum of (x) the aggregate principal amount of all
Consolidated Total Debt under this Agreement and (y) all other Consolidated Total Debt to the extent such debt is secured by any assets of the Parent or any of its Restricted Subsidiaries on an equal priority basis (but without regard to
control of remedies) with the Liens securing the Obligations. 

  
 12 

 “Consolidated First Lien Net Debt”: Consolidated First Lien
Debt less Unrestricted Cash as of such date. 
 “Consolidated Interest Expense”: with respect to any Person
for any period, the total consolidated cash interest expense (including that portion attributable to Capital Lease Obligations) of such Person and its consolidated Restricted Subsidiaries for such period (calculated without regard to any limitations
on the payment thereof and including commitment fees, letter-of-credit fees, and net amounts payable under any interest rate protection agreements) determined in
accordance with GAAP. 
 “Consolidated Net Income”: with respect to any Person for any period, the
consolidated net after tax income (or loss) of such Person and its consolidated Restricted Subsidiaries determined in accordance with GAAP and before any reduction in respect of preferred stock dividends; provided that: 

(a)       solely to the extent it relates to calculation of the Available Basket (but, for the
avoidance of doubt, not the calculation of the Total Net Leverage Ratio) for Restricted Payments permitted by Section 6.6(d), the net income of any Restricted Subsidiary (other than a Guarantor) shall be excluded to the extent that the
declaration or payment of dividends or similar distributions (unless a like amount may be advanced to the Company or another Restricted Subsidiary as a loan or advance) by that Restricted Subsidiary of that net income is not at the date of
determination permitted without any prior governmental approval (that has not been obtained) or, directly or indirectly, by operation of the terms of its charter or any agreement, instrument, judgment, decree, order, statute, rule or governmental
regulation applicable to that Restricted Subsidiary or its stockholders; 
 (b)       the net
income (or loss) for such period of any Person that is not a Restricted Subsidiary, or that is accounted for by the equity method of accounting, shall be excluded; provided that Consolidated Net Income of the specified Person shall be increased by
the amount of dividends or distributions or other payments that are actually paid in cash (or to the extent converted into cash) made by such Person that is a not a Restricted Subsidiary to the referent Person or a Restricted Subsidiary thereof in
respect of such period; 
 (c)       the cumulative effect of any change in accounting
principles shall be excluded; 
 (d)       the income or loss attributable to discontinued
operations (including, without limitation, operations disposed of during such period whether or not such operations were classified as discontinued) shall be excluded; 

(e)       any gain (or loss) realized upon the sale or other disposition of assets of such
Person or its consolidated Subsidiaries, other than a sale or disposition in the ordinary course of business, and any gain (or loss) realized upon the sale or disposition of any Capital Stock of any Person shall be excluded; 

(f)       any impairment charge or asset write-off,
including impairment charges or asset write-offs or writedowns related to intangible assets, long-lived assets, investments in debt and 

  
 13 

 
equity securities (including any losses with respect to the foregoing in bankruptcy, insolvency or similar proceedings) or as a result of a change in law or regulation, in each case pursuant to
GAAP, shall be excluded; 
 (g)      any non-cash
compensation expense realized from employee benefit plans or postemployment benefit plans, grants of stock appreciation, restricted stock or similar rights, stock options or other rights to officers, directors and employees of such Person or any of
its Restricted Subsidiaries shall be excluded; 
 (h)      all extraordinary, unusual or non-recurring charges, gains and losses including, without limitation, all restructuring costs, severance costs, one-time compensation charges, transition costs, facilities
consolidation, closing or relocation costs, costs incurred in connection with any acquisition prior to or after the Closing Date (including integration costs), including all fees, commissions, expenses and other similar charges of accountants,
attorneys, brokers and other financial advisors related thereto and cash severance payments made in connection with acquisitions, and any expense or charge related to the repurchase of Capital Stock or warrants or options to purchase Capital Stock),
together with any related provision for taxes, shall be excluded; 
 (i)      the effects of
purchase accounting adjustments, in amounts required or permitted by GAAP and related authoritative pronouncement, and amortization, write-off or impairment charges resulting therefrom, in each case from the
application of purchase accounting in relation to any acquisition, shall be excluded; 
 (j)
      any fees and expenses, including prepayment premiums and similar amounts, incurred during such period, or any amortization thereof for such period, in connection with any equity issuance , acquisition,
disposition, recapitalization, Investment, asset sale, issuance or repayment of Indebtedness (including any issuance of notes), financing transaction or amendment or modification of any debt instrument (including, in each case, any such transaction
undertaken but not completed), shall be excluded; 
 (k)       any unrealized gains and losses
and with respect to Hedge Agreements for such period shall be excluded; 
 (l)       any
unrealized gains and losses related to fluctuations in currency exchange rates for such period shall be excluded; 

(m)      any gains and losses from any early extinguishment of Indebtedness shall be excluded;
and 
 (n)       any gains and losses from any redemption or repurchase premiums paid
with respect to the notes shall be excluded; and 
 (o)       any write-off or amortization of deferred financing costs (including the amortization of original issue discount) associated with Indebtedness shall be excluded. 

  
 14 

 “Consolidated Total Assets”: the consolidated total assets
of the Group Members, determined in accordance with GAAP, shown on the consolidated balance sheet of Parent as of the end of the most recently ended fiscal quarter prior to the applicable date of determination for which financial statements have
been delivered; provided, that, for purposes of calculating “Consolidated Total Assets” under this Agreement, the consolidated assets of the Group Members shall be adjusted to reflect any acquisitions and dispositions of assets
outside the ordinary course of business that have occurred during the period from the date of the applicable balance sheet through the applicable date of determination but without giving effect to the transaction being tested under this Agreement.

 “Consolidated Total Debt”: at any date, an amount equal to the aggregate outstanding principal amount of
all third party Indebtedness of the Group Members at such date that would be classified as a liability on the consolidated balance sheet of Parent, in accordance with GAAP, consisting of Indebtedness for borrowed money, unreimbursed obligations in
respect of drawn letters of credit, Capital Lease Obligations and third party debt obligations evidenced by bonds, notes, debentures or similar instruments; provided, that Consolidated Total Debt shall not include Indebtedness in respect of
(i) any letter of credit, except to the extent of obligations in respect of drawn letters of credit unreimbursed for at least three Business Days and (ii) obligations under Hedge Agreements unless such obligations have not been paid when
due. 
 “Consolidated Total Net Debt”: Consolidated Total Debt net of Unrestricted Cash as of such date.

 “Consolidated Working Capital”: at any date, the difference of (a) Consolidated Current Assets on
such date less (b) Consolidated Current Liabilities on such date. 
 “Contractual Obligation”: with
respect to any Person, (i) the Organizational Documents of such Person and (ii) any agreement, instrument or other undertaking to which such Person is a party or by which it or any of its Property is bound. 

“Control Investment Affiliate”: with respect to any Person, any other Person that (a) directly or
indirectly, is in control of, is controlled by, or is under common control with, such Person and (b) is organized primarily for the purpose of making equity or debt investments in one or more companies. For purposes of this definition,
“control” of a Person means the power, directly or indirectly, to direct or cause the direction of the management and policies of such Person, whether by contract or otherwise. 

“Convertible Notes”: the 2014 Convertible Notes and the 2018 Convertible Notes. 

“Credit Party”: the Agents or any other Lender. 

“Cure Amount”: as defined in Section 7.2(b). 

“Cure Notice”: as defined in Section 7.2(b). 

“Cure Right”: as defined in Section 7.2(b). 

  
 15 

 “Cure Specified Date”: with respect to any of the first
three fiscal quarters of Parent in a fiscal year, the deadline to deliver quarterly financial statements pursuant to Section 5.1(b), commencing with the fiscal quarter ending March 31, 2019 and with respect to the
fourth fiscal quarter of Parent in a fiscal year, the deadline to deliver annual audited financial statements pursuant to Section 5.1(a), commencing with the fiscal quarter ending December 31, 2018. 

“Debtor Relief Laws”: the Bankruptcy Code and other liquidation, conservatorship, bankruptcy, general
assignment for the benefit of creditors, moratorium, rearrangement, receivership, insolvency, winding-up, reorganization, compromise, arrangement or similar debtor relief laws of the United States or other
applicable jurisdictions from time to time in effect and affecting the rights of creditors generally, and including the statutory arrangement provisions of any corporations statute having similar effect. 

“Declined Asset”: as defined in Section 2.14(g)(i). 

“Declined Term Loan A Proceeds”: as defined in Section 2.14(g)(i). 

“Declined Term Loan B Proceeds”: as defined in Section 2.14(g)(ii). 

“Declining Lender”: as defined in Section 2.14(g)(i). 

“Default”: any of the events specified in Section 7, whether or not any requirement for the giving of
notice, the lapse of time, or both, has been satisfied. 
 “Default Rate”: as defined in
Section 2.15(b). 
 “Defaulting Lender”: any Lender that (a) has failed, within two Business Days
of the date required to be funded or paid, to (i) fund any portion of its Loans, (ii) fund any portion of its participations in Letters of Credit or (iii) pay over to any Credit Party any other amount required to be paid by it
hereunder, unless, in the case of clause (i) above, such Lender notifies the applicable Administrative Agent in writing that such failure is the result of such Lender’s good faith determination that a condition precedent to funding
(specifically identified and including the particular default, if any) has not been satisfied, (b) has notified Parent, any other Revolver Borrower or the applicable Administrative Agent in writing, or has made a public statement to the effect,
that it does not intend or expect to comply with any of its funding obligations under this Agreement (unless such writing or public statement indicates that such position is based on such Lender’s good faith determination that a condition
precedent (specifically identified and including the particular default, if any) to funding a Loan under this Agreement cannot be satisfied) or generally under other agreements in which it commits to extend credit, (c) has failed, within three
Business Days after written request by the applicable Administrative Agent, acting in good faith, to provide a certification in writing from an authorized officer of such Lender that it will comply with its obligations to fund prospective Loans
(unless such Lender indicates that such position is based on such Lender’s good faith determination that a condition precedent (specifically identified and including the particular default, if any) to funding a Loan under this Agreement cannot
be satisfied) and participations in then outstanding Letters of Credit under this Agreement (provided, that such Lender shall cease to be a Defaulting Lender pursuant to this clause (c) upon the

  
 16 

 
applicable Administrative Agent’s and the Revolver Borrowers’ receipt of such certification in form and substance reasonably satisfactory to the applicable Administrative Agent), or
(d) admits that it is insolvent or has (or has a direct or indirect parent that has) become the subject of a Bankruptcy Event or (e) has, or has a direct or indirect parent that has, become subject to a
Bail-In Action. This definition is subject to the provisions of the second paragraph of Section 2.22. 

“Designated Lender”: as defined in Section 2.8(c). 

“Designated Non-Cash Consideration”: the fair market value (as
determined in good faith by Parent) of non-cash consideration received by a Group Member in connection with a Disposition pursuant to Section 6.5(j) that is designated as “Designated Non-Cash Consideration” pursuant to a certificate of a Responsible Officer, setting forth the basis of such valuation, less the amount of cash and Cash Equivalents received in connection with a subsequent sale
of such Designated Non-Cash Consideration. 
 “Discharge of Secured
Obligations”: collectively, (i) the termination of the Commitments and payment in full of all Obligations (other than (A) contingent indemnification and reimbursement obligations that are not then due and payable and (B) Cash
Management Obligations and obligations and liabilities under Specified Hedge Agreements as to which arrangements satisfactory to the applicable Qualified Counterparty shall have been made) and the expiration or termination of all Letters of Credit
(other than Letters of Credit as to which other arrangements satisfactory to the Revolver Administrative Agent and the applicable Issuing Bank shall have been made). 

“Discount Range”: as defined in Section 2.12(f)(i). 

“Discretionary Guarantor”: as defined in Section 9.18. 

“Disposition”: with respect to any Property, any sale, lease, sale and leaseback, assignment, conveyance,
transfer or other disposition thereof (excluding Liens but including by allocation of assets by division, merger, consolidation or amalgamation, or allocation or assets to any series of a limited liability company); and the terms
“Dispose” and “Disposed of” shall have correlative meanings. 
 “Disqualified
Capital Stock”: any Capital Stock which, by its terms (or by the terms of any security or other Capital Stock into which it is convertible or for which it is exchangeable) or upon the happening of any event or condition, (i) matures or
is mandatorily redeemable (other than solely for Qualified Capital Stock), pursuant to a sinking fund obligation or otherwise, (ii) is redeemable at the option of the holder thereof (other than solely for Qualified Capital Stock), in whole or
in part, (iii) provides for the scheduled payments or dividends in cash, or (iv) is or becomes convertible into or exchangeable for Indebtedness or any other Capital Stock that would constitute Disqualified Capital Stock, in each case,
prior to the date that is 91 days after the then Latest Maturity Date at the time of issuance, except, in the case of clauses (i) and (ii), if as a result of a change of control event or asset sale or other Disposition or casualty event, so
long as any rights of the holders thereof to require the redemption thereof upon the occurrence of such a change of control event or asset sale or other Disposition or casualty event are subject to the prior payment

  
 17 

 
in full of the Obligations; provided, that if such Capital Stock is issued pursuant to a plan for the benefit of employees of any Group Member or by any such plan to such employees, such
Capital Stock shall not constitute Disqualified Capital Stock solely because it may be required to be repurchased by any Group Member in order to satisfy applicable statutory or regulatory obligations. 

“Disqualified Lender”: (i) any bank, financial institution or other institutional lender that has been
identified in writing to the Arrangers as a Disqualified Lender on August 16, 2018, (ii) any other Persons who are competitors of any Group Member that are separately identified in writing by Parent or the other Borrowers to the Arrangers (or,
after the Closing Date, to the Administrative Agents) from time to time and (iii) in each case of the foregoing clauses (i) and (ii), any of such Person’s Affiliates (other than any bona-fide debt funds) that are either
(x) identified in writing by Parent or the other Borrowers to the Administrative Agents from time to time or (y) clearly identifiable as an Affiliate on the basis of such Affiliate’s name; provided, that no such identification
after the date hereof pursuant to clauses (ii) or (iii) above shall apply retroactively to disqualify and Person that has previously acquired an assignment or participation of an interest in any of the Facilities with respect to amounts of
Commitments or Loans previously acquired by such Person. The list of Disqualified Lenders shall be made available by the applicable Administrative Agent to the Lenders upon written request therefor. 

“Disqualifying Event”: as defined in Section 1.10(d). 

“Documentation Agent”: Compass Bank d/b/a BBVA Compass. 

“Dollar Basket Incremental Debt”: as defined in Section 2.23(a). 

“Domestic Subsidiary”: a Restricted Subsidiary that is organized under the laws of the United States or any
State thereof or the District of Columbia, including any Domesticated Foreign Subsidiary. 
 “Domesticated Foreign
Subsidiary”: a Foreign Subsidiary that is also treated as a Domestic Subsidiary by reason of being or treated as being organized under the laws of any political subdivision of the United States. 

“Dutch Auction”: an auction of Term Loans conducted pursuant to Section 9.4(g) to allow a Purchasing
Borrower Party to prepay Term Loans at a discount to par value and on a non-pro rata basis in accordance with the applicable Dutch Auction Procedures. 

“Dutch Auction Procedures”: Dutch auction procedures as set forth in Section 2.12(f) and otherwise as
reasonably agreed upon by the applicable Purchasing Borrower Party and the Term Loan Administrative Agent. 
 “ECF
Percentage”: with respect to any Excess Cash Flow Period, 50.0%; provided, that (i) the ECF Percentage shall be 25.0% if the Total Net Leverage Ratio as of the last day of such Excess Cash Flow Period is less than or equal to
3.40:1.00 and greater than 2.40:1.00 and (ii) the ECF Percentage shall be 0.0% if the Total Net Leverage Ratio as of the last day of such Excess Cash Flow Period is less than or equal to 2.40:1.00. 

  
 18 

 “EEA Financial Institution”: (a) any credit
institution or investment firm established in any EEA Member Country which is subject to the supervision of an EEA Resolution Authority, (b) any entity established in an EEA Member Country which is a parent of an institution described in
clause (a) of this definition or (c) any financial institution established in an EEA Member Country which is a subsidiary of an institution described in clauses (a) or (b) of this definition and is subject to consolidated
supervision with its parent. 
 “EEA Member Country”: any of the member states of the European Union,
Iceland, Liechtenstein and Norway. 
 “EEA Resolution Authority”: any public administrative authority or
any Person entrusted with public administrative authority of any EEA Member Country (including any delegee) having responsibility for the resolution of any EEA Financial Institution. 

“Eligible Assignee”: (i) any Lender, any Affiliate of a Lender and any Approved Fund, (ii) any
commercial bank, insurance company, investment or mutual fund or other entity that is an “accredited investor” (as defined in Regulation D under the Securities Act) and which extends credit or buys loans in the ordinary course and
(iii) subject to the terms of Section 2.12(f) and Sections 9.4(g) and (h), Purchasing Borrower Parties; provided, that “Eligible Assignee” shall not include (w) any Borrower or any Borrower’s Subsidiaries or
Affiliates (other than Purchasing Borrower Parties to the extent permitted by, and in accordance with, Section 2.12(f) and Sections 9.4(g) and (h)), (x) any Disqualified Lender, (y) any Lender that is, as of the date of the applicable
assignment, a Defaulting Lender or (z) any natural Person. 
 “EMU Legislation”: the legislative
measures of the European Council for the introduction of, changeover to or operation of a single or unified European currency. 

“Environmental Laws”: any and all laws, rules, orders, regulations, statutes, ordinances, enforceable
guidelines, codes, decrees, or other legally enforceable requirements of any federal, state, territorial, local, municipal, foreign or other Governmental Authority, regulating, relating to or imposing liability associated with or standards of
conduct for the protection of the environment, or insofar as it relates to exposure to hazardous or toxic materials. 

“Environmental Liability”: any liability, contingent or otherwise (including any liability for damages, costs
of environmental remediation or compliance with orders and directives, fines, penalties or indemnities), resulting from or based upon (a) compliance or non-compliance with any Environmental Law,
(b) the generation, use, handling, transportation, storage, treatment or disposal of any Hazardous Materials, (c) human exposure to any Hazardous Materials, (d the Release or threatened Release of any Hazardous Materials into the
environment or (e) any contract, agreement or other consensual arrangement pursuant to which liability is assumed or imposed with respect to any of the foregoing. 

“Environmental Permits”: any and all permits, licenses, approvals, registrations, and other authorizations of
a Governmental Authority required under any Environmental Law. 

  
 19 

 “ERISA”: the Employee Retirement Income Security Act of
1974, as amended, and the rules and regulations promulgated thereunder. 
 “EU
Bail-In Legislation Schedule”: the EU Bail-In Legislation Schedule published by the Loan Market Association (or any successor Person), as in effect from time to
time. 
 “Euro” and “EUR”: the lawful currency of the Participating Member States
introduced in accordance with the EMU Legislation. 
 “Eurodollar”: when used in reference to any Loan or
Borrowing, refers to whether such Loan, or the Loans comprising such Borrowing, are bearing interest at a rate determined by reference to the Adjusted LIBO Rate. Eurodollar Loans that are Revolving Credit Loans may be denominated in US Dollars or in
an Alternative Currency. All Revolving Credit Loans denominated in an Alternative Currency must be Eurodollar Loans. Eurodollar Loans that are Term Loans shall be denominated in US Dollars. 

“Event of Default”: any of the events specified in Section 7; provided, that any requirement for
the giving of notice, the lapse of time, or both, has been satisfied. 
 “Excess Cash Flow”: for any Excess
Cash Flow Period, the excess, if any, of: 

(a)            the sum, without duplication, of:

 (i)       Consolidated Net Income for such period, 

(ii)      the amount of all non-cash charges
(including but not limited to depreciation, amortization and deferred compensation) deducted in arriving at such Consolidated Net Income for such period, but excluding any such non-cash charges representing an
accrual or reserve for potential cash items in any future period and excluding amortization of a prepaid cash item that was paid in a prior period, 

(iii)     the amount of the net decrease, if any, in Consolidated Working Capital for
such period (other than any such decreases arising from acquisitions or Dispositions by the Group Members completed during such period or the application of purchase or recapitalization accounting) as disclosed and presented on the Parent’s
consolidated cash flow statement and determined pursuant to GAAP and then adjusted to comply with the definitions of Consolidated Current Assets and Consolidated Current Liabilities, 

(iv)     the aggregate net amount of non-cash
loss on the Disposition of Property by the Group Members during such period (other than Dispositions in the ordinary course of business), to the extent deducted in arriving at such Consolidated Net Income, and 

(v)       the amount by which the tax expenses deducted in determining
Consolidated Net Income for such period exceeds the amount of cash taxes paid or tax reserves set aside or payable (without duplication) in such period, minus 

  
 20 

 (b)
          the sum, without duplication, of: 
 (i)
      the amount of (A) all non-cash credits and gains included in arriving at Consolidated Net Income for such period (excluding any such
non-cash credits and gains to the extent they represent the reversal of an accrual or reserve for a potential cash item that reduced Consolidated Net Income in any prior period) and the amount of all cash
expenses, charges and losses excluded from Consolidated Net Income for such period by virtue of the definition thereof and (B) all amounts included in Consolidated Net Income pursuant to the last paragraph of the definition thereof, to the
extent not received in cash during such period, 
 (ii)       the aggregate
amount actually paid by the Group Members in cash during such fiscal year on account of Capital Expenditures to the extent funded with Internally Generated Cash Flow, 

(iii)      the aggregate amount of all principal payments of Indebtedness
(other than payments and amounts constituting “Indebtedness” under clause (g), (h) or (i) of the definition thereof), payments of earn-out obligations, and the principal component of
payments in respect of Capital Lease Obligations (but (x) excluding optional prepayments of the Term Loans and Revolving Credit Loans made pursuant to Section 2.12(a) (in each case, included in the Optional Prepayment Amount) and
(y) excluding mandatory prepayments of the Term Loans made pursuant to Section 2.14) of the Group Members made during such period (other than in respect of any revolving credit facility to the extent there is not an equivalent permanent
reduction in commitments thereunder), to the extent funded with Internally Generated Cash Flow, 
 (iv)
     the amount of the net increase, if any, in Consolidated Working Capital for such period (other than any such increases arising from acquisitions or Dispositions by the Group Members completed during such period or the
application of purchase or recapitalization accounting) as disclosed and presented on the Parent’s consolidated cash flow statement and determined pursuant to GAAP and then adjusted to comply with the definitions of Consolidated Current Assets
and Consolidated Current Liabilities, 
 (v)       the aggregate net amount
of non-cash gain on the Disposition of Property by the Group Members during such period (other than Dispositions in the ordinary course of business), to the extent included in arriving at such Consolidated Net
Income, 
 (vi)      cash payments made during such period in respect of long-term
liabilities (other than amounts constituting “Indebtedness” under clause (g), (h) or (i) of the definition thereof and amounts covered by clause (b)(iii) (above)) of the Group Members to the extent such payments were not
expensed during such period or are not deducted in determining Consolidated Net Income, to the extent funded with Internally Generated Cash Flow, 

  
 21 

 (vii)       the aggregate
amount actually paid by the Group Members in cash during such period on account of Investments (including acquisitions) permitted by Section 6.7(d), (f), (h), (l), (q), (r), (s) (solely to the extent made in reliance on clause (a)(i),
(a)(v) or (a)(vii) of the definition of Available Basket (and in the cases of clauses (a)(v) and (a)(vii), solely to the extent such amounts are included in the calculation of Consolidated Net Income for such period)), (t), (u), (x), (z) or
(ee), in each case to the extent funded with Internally Generated Cash Flow, 
 (viii)
     the aggregate amount actually paid by the Group Members in cash during such period on account of Restricted Payments permitted by Section 6.6(b), (d) (solely to the extent made in reliance on
(x) clause (a)(i), (a)(v) or (a)(vii) of the definition of Available Basket (and in the cases of clauses (a)(v) and (a)(vii), solely to the extent such amounts are included in the calculation of Consolidated Net Income for such
period)), (e) (solely to the extent paid to a Person other than Parent or a Restricted Subsidiary), (h) (but not in respect of transactions permitted by Section 6.7(r)), (j), (n) or (o) in each case to the extent funded with Internally
Generated Cash Flow, 
 (ix)         the aggregate amount of
mandatory prepayments made pursuant to Section 2.14, with the proceeds of Asset Sales and Recovery Events during such year to the extent such proceeds are included in the calculation of such Consolidated Net Income for such period, 

(x)          the aggregate amount of (A) purchases or
buybacks of Term Loans pursuant to a Dutch Auction in accordance with Section 9.4(g) and (B) any prepayments, repayments, refinancing, substitutions or replacements of any portion of the Term Loans of any
Non-Consenting Lender pursuant to Section 2.21(c)(ii), 
 (xi)
        the aggregate amount of any premium, make-whole or penalty payments actually paid in cash by Parent and the Restricted Subsidiaries during such period that are made in connection with any prepayment of
Indebtedness, to the extent not deducted in determining Consolidated Net Income, 

(xii)        the amount of cash taxes (including withholding taxes)
paid or tax reserves set aside or payable (without duplication) in such period to the extent they exceed the amount of tax expense deducted in determining Consolidated Net Income for such period, 

(xiii)       without duplication of amounts deducted from Excess Cash Flow
in prior periods, the aggregate consideration required to be paid in cash by Parent or any of the Restricted Subsidiaries pursuant to binding contracts (the “Contract Consideration”) entered into prior to or during such period
relating to Investments (including acquisitions) or Capital Expenditures to be consummated or made during the period of four consecutive fiscal quarters of Parent following the end of such period (such period, the “Next Excess Cash Flow
Period”); provided, that, to the extent the aggregate amount of Internally Generated Cash Flow actually utilized to 

  
 22 

 
finance such Investments or Capital Expenditures during such Next Excess Cash Flow Period is less than the Contract Consideration, or the amount actually paid during such Next Excess Cash Flow
Period is less than the Contract Consideration, the amount of such shortfall shall be added to the calculation of Excess Cash Flow at the end of such Next Excess Cash Flow Period; provided, further, that no deduction shall be taken
under clause (b)(ii) or (b)(vi) of this definition of Excess Cash Flow for the Next Excess Cash Flow Period with respect to the aggregate amount of Internally Generated Cash Flow actually utilized or paid during such Next Excess Cash Flow
Period in respect of Contract Consideration previously deducted pursuant to this clause (b)(xiii), 

(xiv)       the aggregate amount of expenditures (other than those constituting
Restricted Payments or Investments) actually made by the Group Members in cash during such period (including expenditures for the payment of financing fees) to the extent that such expenditures are not expensed during such period or any previous
period and are financed with Internally Generated Cash Flow and not by utilizing the Available Basket (except for amounts received by the Group Members in respect of Investments funded by utilizing the Available Basket); provided, that, if
Consolidated Net Income is reduced in any subsequent period by an expense or charge in respect of such cash expenditure, Excess Cash Flow shall be increased by the amount of such expense or charge in such subsequent period, 

(xv)        the aggregate amount of deferred compensation paid in cash
during such period, and 
 (xvi)       the amount of cash paid during
such period to the applicable taxing authorities when directly withholding shares from employee equity award exercises (such as stock options and stock appreciation rights) for tax withholding purposes. 

“Excess Cash Flow Application Date”: as defined in Section 2.14(c). 

“Excess Cash Flow Period”: each fiscal year of Parent, commencing with the fiscal year ending
December 31, 2019. 
 “Exchange Act”: the Securities Exchange Act of 1934. 

“Exchange Rate”: on any day, and subject to Section 1.8, with respect to any currency (the
“Initial Currency”), the rate at which such currency may be exchanged into another currency (the “Exchange Currency”), as set forth at approximately 11:00 a.m. (London time) on such day on the Reuters World Currency
Page for the Initial Currency; in the event that such rate does not appear on any Reuters World Currency Page, the Exchange Rate shall be determined by reference to such other publicly available service for displaying exchange rates as may be
reasonably selected by the applicable Administrative Agent (in consultation with Parent and the other Borrowers), or, in the absence of such available service, such Exchange Rate shall instead be the arithmetic average of the exchange rates of the
applicable Administrative Agent in the market where its foreign currency exchange operations in respect of the Initial Currency are then being 

  
 23 

 
conducted, at or about 10:00 a.m. (New York City time) on such date for the purchase of the Exchange Currency for delivery two Business Days later; provided, that if at the time of any
such determination, no such exchange rate can reasonably be quoted, the applicable Administrative Agent may use any reasonable method as it deems applicable to determine such rate, and such determination shall be conclusive absent manifest error.

 “Excluded Assets”: the collective reference to: 

(1)       any interest in leased real property (including any leasehold
interests in real property) (it being agreed that no Loan Party shall be required to deliver landlord lien waivers, estoppels, bailee letters or collateral access letters) and any agreement or arrangement (including any sale and purchase agreement,
call option agreement, assignment, lease agreement or otherwise) relating to the acquisition of (either directly or indirectly) any interest in leased real property (including any leasehold interests in real property); 

(2)       any fee interest (including, for the avoidance of doubt, any freehold
interest) in real property (x) located outside of the United States or (y) that is not Material Real Property; 

(3)        any motor vehicles and any other assets subject to a
certificate of title (other than proceeds thereof); 
 (4)       Letter-of-Credit Rights (other than to the extent such rights can be perfected by filing a UCC-1 financing statement or by a similar filing in any relevant US jurisdiction);

 (5)       (a) any “margin stock” within the meaning of such term
under Regulation U as now and from time to time hereafter in effect and (b) commercial tort claims as to which legal proceedings have not been instituted; 

(6)       any asset if the granting of a security interest or pledge under the
Collateral Documents in such asset would be prohibited by any law, rule or regulation or agreements with any Governmental Authority or would require the consent, approval, license or authorization of any Governmental Authority unless such consent,
approval, license or authorization has been received (except to the extent such prohibition or restriction is ineffective under the UCC or any similar applicable law in any relevant jurisdiction and other than proceeds thereof, to the extent the
assignment of such proceeds is effective under the UCC or any similar applicable law in any relevant jurisdiction notwithstanding any such prohibition or restriction); 

(7)       Capital Stock in any joint venture or Restricted Subsidiary that is
not a domestic Wholly Owned Subsidiary, to the extent that granting a pledge of or a security interest in such Capital Stock under the Collateral Documents would not be permitted by the terms of such joint venture or such Restricted
Subsidiary’s Organizational Documents; 

  
 24 

 (8)       assets to the extent
a security interest in such assets could result in a material adverse tax consequence to Parent or any of its Subsidiaries as reasonably determined by the Borrowers in consultation with the Collateral Agent; 

(9)       in the case of security for the Obligations of the Term Loan Borrower
and HII, (i) voting equity interests constituting an amount greater than 65.0% of the outstanding voting and 100.0% of the outstanding non-voting equity interests of any Restricted Subsidiary that is a
CFC or a Foreign Holding Company, (ii) voting equity interests constituting an amount greater 65.0% of the outstanding voting and 100.0% of the outstanding non-voting equity interests of any Restricted
Subsidiary that is an entity disregarded as separate from its owner under Treasury Regulations Section 301.7701-3 that owns an interest in a CFC or a Foreign Holding Company and/or CFC Debt and
(iii) CFC Debt; provided, however, that this clause (9) shall not apply if, as a result of any change in law after the date hereof, the provision of such security no longer would cause any material adverse U.S. federal income tax
consequences to the Parent or any of its Subsidiaries under Section 956 of the Code; 

(10)       any foreign Intellectual Property that is of de minimis value;

 (11)       (i) any lease, license or other agreement relating to a
purchase money obligation, capital lease or sale/leaseback, or any Property being leased or purchased thereunder, or the proceeds or products thereof and (ii) any Property, license or other agreement not referred to in clause (i) (or any rights
or interests thereunder), in each case, to the extent that a grant of a security interest therein under the Loan Documents would violate or invalidate such lease, license or agreement (including any agreement governing such Property) or create a
right of termination in favor of any other party thereto (other than a Loan Party) (except to the extent such restriction is ineffective under the UCC and any similar law in any relevant jurisdiction and other than proceeds and products thereof, to
the extent the assignment of such proceeds and products is expressly deemed effective under the UCC and any similar law in any relevant jurisdiction notwithstanding any such restriction); 

(12)       assets in circumstances where the Term Loan Administrative Agents and
the Borrower reasonably agree that the cost of obtaining or perfecting a security interest under the Loan Documents in such assets is excessive in relation to the benefit to the Lenders afforded thereby; 

(13)       any United States intent-to-use trademark applications or intent-to-use service mark applications to the extent and for so long as the grant of a
security interest therein would impair the validity or enforceability of, or render void or voidable or result in the cancellation of, a Loan Party’s right, title or interest therein or any trademark or service mark registration issued as a
result of such application under applicable Federal law; 
 (14)       any
Property of any Excluded Subsidiary and any Property of any Person that is not a Subsidiary which, if a Subsidiary, would constitute an Excluded Subsidiary 

  
 25 

 
and, in the case of security for the Obligations of the Term Loan Borrower and HII, any Property of an applicable Excluded U.S. Guarantor; 

(15)       Capital Stock in Immaterial Subsidiaries (or any Person that is not a
Subsidiary which, if a Subsidiary, would constitute an Immaterial Subsidiary), captive insurance Subsidiaries, not-for-profit Subsidiaries and Unrestricted Subsidiaries;
and 
 (16)         in the case of security for the Obligations of
the Term Loan Borrower and HII, in each case, in their capacity as a Borrower hereunder, CFC Debt issued by any applicable Excluded U.S. Guarantor; 

provided, that assets described above that were deemed “Excluded Assets” as a result of a prohibition or restriction
described above shall no longer be “Excluded Assets” upon termination of the applicable prohibition or restriction that caused such assets to be treated as “Excluded Assets.” 

“Excluded Contributions”: the net cash proceeds received by Parent from (a) capital contributions to its
common Capital Stock or (b) the sale (other than to a Subsidiary) of Capital Stock of Parent (other than proceeds from the issuance of Disqualified Capital Stock) which proceeds are used substantially concurrently to make an Investment. 

“Existing Roll-Over Letters of Credit” shall mean those letters of credit or bank guarantees issued and
outstanding as of the Closing Date and set forth on Schedule 1.1(B), which shall each be deemed to constitute a Letter of Credit issued hereunder on the Closing Date. 

“ Excluded Subsidiary”: (a) Unrestricted Subsidiaries, (b) Immaterial Subsidiaries, (c) any
Subsidiary that is prohibited by applicable law, rule or regulation or by any contractual obligation existing on the Closing Date (or, if later, the date it becomes a Restricted Subsidiary) from guaranteeing the Facilities or which would require
governmental (including regulatory) consent, approval, license or authorization to provide a guarantee unless such consent, approval, license or authorization has been received, (d) other than with respect to HIL, a Restricted Subsidiary whose
provision of a guarantee would otherwise result in material adverse tax consequences to Parent or any of its Subsidiaries, as reasonably determined by the Borrowers,
(e) not-for-profit Restricted Subsidiaries or (f) Restricted Subsidiaries that are captive insurance companies. As of the Closing Date, Herbalife Venezuela, as
well as Restricted Subsidiaries of the Parent that are incorporated in China, Russia, India and Mexico, shall be Excluded Subsidiaries (unless subsequently designated by the Parent as not constituting an Excluded Subsidiary). For the avoidance of
doubt, in no event shall any Borrower constitute an Excluded Subsidiary. 
 “Excluded Swap Obligation”:
with respect to any Loan Party, any Swap Obligation if, and to the extent that, all or a portion of the guaranty of such Loan Party of, or the grant by such Loan Party of a security interest to secure, such Swap Obligation (or any guaranty thereof)
is or becomes illegal under the Commodity Exchange Act or any rule, regulation or order of the Commodity Futures Trading Commission (or the application or official interpretation of any thereof) by virtue of such Loan Party’s failure for any
reason to constitute an “eligible contract participant” as defined in the Commodity Exchange Act and the regulations thereunder at the time the guaranty 

  
 26 

 
of such Loan Party or the grant of such security interest becomes effective with respect to such Swap Obligation. If a Swap Obligation arises under a master agreement governing more than one
swap, such exclusion shall apply only to the portion of such Swap Obligation that is attributable to swaps for which such guaranty or security interest is or becomes illegal. 

“Excluded Taxes”: any of the following Taxes imposed on or with respect to the Agents, any Lender, any
Issuing Bank or any other recipient of any payment to be made by or on account of any obligation of the Loan Parties hereunder, or required to be withheld or deducted from any payment to any such recipient (a) Taxes imposed on (or measured by)
net income (however denominated), franchise Taxes, and branch profits Taxes, in each case, (i) imposed as a result of such recipient being organized under the laws of, or having its principal office or, in the case of any Lender or Issuing
Bank, its applicable lending office located in, the jurisdiction imposing such Tax (or any political subdivision thereof) or (ii) that are Other Connection Taxes, (b) in the case of a Lender or Issuing Bank, US Federal withholding Taxes
that are imposed on amounts payable to or for the account of such Lender or Issuing Bank with respect to an applicable interest in a Loan or Commitment pursuant to a law in effect on the date on which (i) such Lender or Issuing Bank acquires
such interest in the Loan or Commitment (other than pursuant to an assignment request by the applicable Borrowers under Section 2.21(b)) or (ii) such Lender or Issuing Bank changes its lending office, except in each case to the extent
that, pursuant to Section 2.19, amounts with respect to such Taxes were payable either to such Lender’s or Issuing Bank’s assignor immediately before such Lender or Issuing Bank acquired the applicable interest in a Loan or Commitment
or to such Lender or Issuing Bank immediately before it changed its lending office, (c) Taxes attributable to such recipient’s failure to comply with Section 2.19(e) and (d) any US Federal withholding Taxes imposed under FATCA.

 “Excluded U.S. Guarantor”: (a) in the case of Obligations of HII, any Restricted Subsidiary that is a
Foreign Holding Company or a CFC or that is owned directly or indirectly by a CFC; and (b) in the case of Obligations of Term Loan Borrower any Restricted Subsidiary that is a Foreign Holding Company or a CFC or that is owned directly or
indirectly by a CFC; provided that, notwithstanding the foregoing, HIL shall not be an Excluded U.S. Guarantor. For the avoidance of doubt, it is understood that the following Guarantors do not constitute, as of the Closing Date, Excluded
U.S. Guarantors: Herbalife Nutrition Ltd., Herbalife International, Inc., HLF Financing SaRL, LLC, HLF Financing US, LLC, HV Holdings Ltd., WH Intermediate Holdings Ltd., HBL Luxembourg Holdings S.a.R.L., WH Luxembourg Holdings S.a.R.L., HLF
Luxembourg Holdings, Inc., WH Luxembourg Intermediate Holdings S.a.R.L., LLC, WH Capital Corporation, Herbalife International Luxembourg S.a.R.L., Herbalife International do Brasil Ltda. and Herbalife Korea Co., Ltd., Herbalife International of
Europe, Inc. Herbalife International of America, Inc., Herbalife Taiwan, Inc., Herbalife International (Thailand) Ltd., Herbalife Manufacturing LLC, Herbalife Venezuela Holdings LLC, Herbalife VH Intermediate International, LLC and Herbalife VH
International LLC. 
 “Existing Credit Agreement”: has the meaning given in the Preliminary Statements.

 “Extended Revolving Credit Commitment”: as defined in Section 2.25(a)(i). 

“Extended Term Loans”: as defined in Section 2.25(a). 

  
 27 

 “Extending Revolving Credit Lender”: as defined in
Section 2.25(a)(i). 
 “Extending Term Lender”: as defined in Section 2.25(a). 

“Extension”: as defined in Section 2.25(a). 

“Extension Amendment”: as defined in Section 2.25(c). 

“Extension Offer”: as defined in Section 2.25(a). 

“Facility”: each of (a) the Term Loan A Commitments and any Term A Loan made thereunder (the
“Term Loan A Facility”), (b) the Term Loan B Commitments and any Term B Loan made thereunder (the “Term Loan B Facility” and together with the Term Loan A Facility, the “Term Loan Facilities”
and each, a “Term Loan Facility”, as the context may require), (c) the Revolving Credit Commitments and the extensions of credit made thereunder (the “Revolving Credit Facility”), (d) any Incremental Facility
and the Commitments and extensions of credit thereunder and (e) any Replacement Facility and the Commitments and extensions of credit thereunder. 

“Failed Auction”: as defined in Section 2.12(f)(iii). 

“FATCA”: Sections 1471 through 1474 of the Code, as of the date of this Agreement (or any amended or
successor version that is substantively comparable and not materially more onerous to comply with), any current or future regulations or official interpretations thereof, any intergovernmental agreements with respect thereto, any law, regulation, or
other official guidance enacted in a non-US jurisdiction pursuant to an intergovernmental agreement with respect thereto, any agreements entered into pursuant to Section 1471(b)(1) of the Code and any
fiscal or regulatory legislation, rules, guidance, notes or practices adopted pursuant to any intergovernmental agreement, treaty or convention among Governmental Authorities and implementing such Sections of the Code. 

“FCPA”: United States Foreign Corrupt Practices Act of 1977. 

“Federal Funds Effective Rate”: for any day, the weighted average (rounded upwards, if necessary, to the next
1/100 of 1.00%) of the rates on overnight Federal funds transactions as published on the next succeeding Business Day by the Federal Reserve Bank of New York; provided, that in no event shall the Federal Funds Effective Rate be less than
0.00%. 
 “Fee Letter”: that certain Fee Letter, dated August 16, 2018, by and among the Borrowers,
Jefferies and Rabobank. 
 “Financial Covenant Event of Default”: an Event of Default under paragraph
(c) of Section 7.1 as a result of a failure to observe or perform the Financial Covenant. 
 “Financial
Covenant Standstill”: as defined in Section 7.1(e). 

  
 28 

 “Financial Maintenance Covenant”: the Total Leverage Ratio
covenant set forth in Section 6.14. 
 “First Lien Net Leverage Ratio”: as of any date of
determination, the ratio of (a) Consolidated First Lien Net Debt on such day to (b) Consolidated EBITDA of Parent and its Restricted Subsidiaries for the Relevant Reference Period. For the avoidance of doubt, any Indebtedness that is
(i) secured on a junior basis with respect to security to the Obligations and (ii) has been incurred pursuant to Section 2.23 and/or 6.3(ff) shall be deemed ranking pari passu with the liens securing the Facilities at all times for
any purpose of the calculation of the First Lien Net Leverage Ratio. 
 “Fixed Charge Coverage Ratio”: on
any date, the ratio of (i) Consolidated EBITDA of Parent and its Restricted Subsidiaries to (ii) Consolidated Interest Expense paid or payable in cash, in each case for the period of four consecutive fiscal quarters most recently ended on
or prior to such date. 
 “Flood Laws” means the National Flood Insurance Reform Act of 1994 and related
legislation (including the regulations of the Board of Governors of the Federal Reserve System). 
 “Foreign Asset
Sale”: an Asset Sale consummated by a Foreign Subsidiary. 
 “Foreign Currency”: an official
national currency (including the Euro) of any nation other than the United States and which constitutes freely-transferable and lawful money under the laws of the country or countries of issuance. 

“Foreign Holding Company”: a Restricted Subsidiary of Parent that is organized under the laws of the United
States and substantially all of the assets of such Restricted Subsidiary consist of stock of one or more CFCs (or are treated as consisting of such assets for U.S. federal income tax purposes) and/or CFC Debt. 

“Foreign Lender”: any Lender or Issuing Bank that is not a US Person. 

“Foreign Obligor Enforceability Exceptions”: (a) as it relates to HIL and any other Luxembourg Loan Party,
(i) the enforceability of the provisions hereof with respect to compound interest may be subject to the provisions of Article 1154 of the Luxembourg Civil Code (and any successor provision) in case a Luxembourg court would hold these provisions
to be a point of international public policy, (ii) any certificate or determination which would by contract be deemed to be conclusive may not be upheld by the Luxembourg courts, (iii) the rights and obligations hereunder binding
successors and assigns may not be enforceable in Luxembourg, if such successor or assign is a Luxembourg individual or Person organized under the laws of Luxembourg in the absence of an agreement from any such Luxembourg resident confirming the
enforceability thereof, (iv) the severability of the provisions of this Agreement or any other Loan Document to which HIL or any other Luxembourg Loan Party is party may be ineffective if a Luxembourg court considers the clause regarding
illegality, invalidity or unenforceability to be a substantive or material clause, (v) the enforceability of a foreign jurisdiction clause, which may not prevent the parties thereto from initiating legal action before a Luxembourg court to the
extent 

  
 29 

 
that summary proceedings seeking conservatory or urgent provisional measures are taken and which may retain jurisdiction with respect to assets located in Luxembourg, (vi) the enforceability
of contractual provisions in this Agreement or the other Loan Documents allowing service of process against HIL and any other Luxembourg Loan Party at any location other than such Loan Party’s Luxembourg domicile, which may be overridden by
Luxembourg statutory provisions allowing the valid service of process against such Loan Parties in accordance with applicable Luxembourg laws only at the Luxembourg domicile of such Loan Party, (vii) the enforceability of any provision in this
Agreement or the other Loan Documents providing for renunciation, before litigation arises, to the right to bring a claim in a court, (viii) certain creditors may have rights to preferred payments arising by operation of law, some of which may
supersede the right to payment of secured creditors, (ix) certain obligations may not be the subject of specific performance pursuant to court orders, but may result only in damages, (x) jurisdiction clauses would be unenforceable in, or
not binding upon, a Luxembourg court in relation to actions brought for non-contractual claims, (xi) the perfection of the security interests created pursuant to, and in pursuance of, the Loan Documents
does not prevent any third party creditor of the respective security provider from seeking attachment or execution against the assets which are subject to security interests created pursuant to the Loan Documents to satisfy such creditor’s
unpaid claims against such security provider without however impairing the priority of the secured creditor over the collateral and (xii) a third party creditor may seek the forced sale of the assets of the security provider which are subject
to the security rights granted under the Loan Documents through court proceedings, although the beneficiaries thereunder will, in principle, remain entitled to priority over the proceeds of such sale (subject to insolvency proceedings and the
preferred rights of certain creditors deriving from laws of general application) and (b) any provision, whether by statute, common law, civil law, in equity or otherwise, of any jurisdiction other than Luxembourg or any State or territory of
the United States having an effect similar to any of the foregoing. 
 “Foreign Obligors”: collectively,
Parent, HIL, and each other Loan Party that is not a “United States person” as defined in Section 7701(a)(30) of the Code. 

“Foreign Recovery Event”: a Recovery Event relating to the property or casualty insurance claims or
condemnation proceedings relating to any asset of any Foreign Subsidiary. 
 “Foreign Subsidiary”: any
Restricted Subsidiary of Parent that is not a Domestic Subsidiary. 
 “Funded Debt”: all Indebtedness of
Parent and the Restricted Subsidiaries for borrowed money that matures more than one year from the date of its creation or matures within one year from such date and is renewable or extendable, at the option of such Person, to a date that is more
than one year from such date or arises under a revolving credit or similar agreement that obligates the lender or lenders to extend credit during a period of more than one year from such date, including Indebtedness in respect of the Loans. 

“GAAP”: generally accepted accounting principles in the United States as in effect from time to time;
provided, however, that if the Borrowers notify the applicable Administrative Agent that the Borrowers request an amendment to any provision hereof in respect of an Accounting Change (including through the adoption of International
Financial Reporting Standards (“IFRS”)) 

  
 30 

 
(or if the applicable Administrative Agent notifies the Borrowers that the Required Lenders request an amendment to any provision hereof for such purpose), GAAP shall be interpreted in accordance
with Section 1.4 until such notice shall have been withdrawn or such provision amended in accordance with Section 1.4. 

“Governmental Authority”: any nation or government, any state, province, territory or other political
subdivision thereof and any other agency, authority, instrumentality, regulatory body, court, central bank or other entity exercising executive, legislative, judicial, taxing, regulatory or administrative powers or functions of or pertaining to
government (including any supra-national bodies such as the European Union or the European Central Bank). 
 “Group
Member”: any of Parent or any of the Restricted Subsidiaries of Parent. 
 “Guarantee Obligation”:
with respect to any Person (the “guaranteeing person”), any obligation of the guaranteeing person guaranteeing or having the economic effect of guaranteeing any Indebtedness (the “primary obligations”) of any other
third Person (the “primary obligor”) in any manner, whether directly or indirectly, including any obligation of the guaranteeing person, whether or not contingent, (i) to purchase any such primary obligation or any Property
constituting direct or indirect security for such primary obligation, (ii) to advance or supply funds (1) for the purchase or payment of any such primary obligation or (2) to maintain working capital or equity capital of the primary
obligor or otherwise to maintain the net worth or solvency of the primary obligor, in each case, so as to enable the primary obligor to pay such primary obligation, (iii) to purchase Property, securities or services primarily for the purpose of
assuring the owner of any such primary obligation of the ability of the primary obligor to make payment of such primary obligation or (iv) otherwise to assure or hold harmless the owner of any such primary obligation against loss in respect
thereof; provided, however, that the term Guarantee Obligation shall not include endorsements of instruments for deposit or collection in the ordinary course of business or customary indemnity obligations in effect on the Closing Date
or entered into in connection with any acquisition or Disposition permitted under this Agreement (other than such obligations with respect to Indebtedness). The amount of any Guarantee Obligation of any guaranteeing person shall be deemed to be the
lower of (a) an amount equal to the stated or determinable amount of the primary obligation (or portion thereof) in respect of which such Guarantee Obligation is made and (b) the maximum amount for which such guaranteeing person may be
liable pursuant to the terms of the instrument embodying such Guarantee Obligation, unless such primary obligation and the maximum amount for which such guaranteeing person may be liable are not stated or determinable, in which case the amount of
such Guarantee Obligation shall be such guaranteeing person’s maximum reasonably anticipated liability in respect thereof as determined by the Borrowers in good faith. 

“Guaranties”: collectively, (i) the Parent Obligations Guaranty, (ii) the HII Obligations Guaranty,
(iii) the HIL Obligations Guaranty, and (iv) Term Loan Borrower Obligations Guaranty. Subject to the terms thereof, the Guaranties are the joint and several obligations of the Guarantors party thereto. 

“Guarantors”: collectively, Parent, HII, HIL, the Term Loan Borrower, each IP Holding Company, each
Restricted Subsidiary of Parent listed on Schedule 1.1(A) hereto and each other 

  
 31 

 
Restricted Subsidiary (other than any Excluded Subsidiary) that is required to guarantee the Obligations pursuant to Sections 5.9 and 5.14 hereof. 

“Hazardous Materials”: (i) petroleum or petroleum distillates, asbestos or asbestos containing materials,
polychlorinated biphenyls, radon gas, infectious or medical wastes and explosive or radioactive substances or (ii) any chemical, material, waste, substance or pollutant that is prohibited, limited or regulated pursuant to any Environmental Law.

 “Hedge Agreements”: all interest rate or currency swaps, caps or collar agreements, foreign exchange
agreements, commodity contracts or similar arrangements (which, for the avoidance of doubt, shall include any master agreement that governs the terms of one or more interest rate or currency swaps, caps or collar agreements, foreign exchange
agreements, commodity contracts or similar arrangements) entered into by any Group Member providing for protection against fluctuations in interest rates, currency exchange rates, commodity prices or the exchange of nominal interest obligations,
either generally or under specific contingencies. 
 “Herbalife Venezuela”: Vida Herbal Suplementos
Alimenticios, C.A., a company dually organized under the laws of Venezuela (compania anónima) and Delaware (under the name VHSA, LLC). 

“HII”: as defined in the preamble hereto. 

“HII Obligations Guaranty”: the Guaranty, dated as of the Closing Date, made by Parent and its Restricted
Subsidiaries that are Loan Parties (other than (i) HII and (ii) any such Restricted Subsidiaries that are Excluded U.S. Guarantors pursuant to clause (a) of the definition thereof) in favor of the Collateral Agent, for the benefit of
the Secured Parties, as the same may be amended, restated, supplemented or otherwise modified from time to time. 

“HIL”: as defined in the preamble hereto. 

“HIL Obligations Guaranty”: the Guaranty, dated as of the Closing Date, made by the Parent and its Restricted
Subsidiaries that are Loan Parties (other than HIL) in favor of the Collateral Agent, for the benefit of the Secured Parties, as the same may be amended, restated, supplemented or otherwise modified from time to time. 

“IFRS”: as defined in the definition of GAAP. 

“Immaterial Subsidiary”: a Subsidiary (other than any Borrower) (a) the Consolidated Total Assets of
which equal 2.50% or less of the Consolidated Total Assets of Parent and its Restricted Subsidiaries as of the end of Parent’s most recently ended fiscal quarter for which financial statements have been delivered and (b) the gross revenues
of which for the most recently ended four full fiscal quarters for which financial statements have been delivered constitute 2.50% or less of the total gross revenues of Parent and its Subsidiaries, on a consolidated basis, for such period;
provided, that if at any time the aggregate amount of Consolidated Total Assets as of the end of Parent’s most recently ended fiscal quarter for which financial statements have been delivered represented by all Immaterial Subsidiaries
would, but for this proviso, exceed 5.00% of Consolidated Total Assets of Parent and its Subsidiaries as of such date, or the total gross revenues 

  
 32 

 
represented by all Immaterial Subsidiaries would, but for this proviso, exceed 5.00% of the total gross revenues of Parent and its Subsidiaries, on a consolidated basis, in each case as of the
end of Parent’s most recently ended fiscal quarter, then Parent shall designate sufficient Immaterial Subsidiaries to no longer constitute Immaterial Subsidiaries so as to eliminate such excess, and each such designated Subsidiary shall
thereupon cease to be an Immaterial Subsidiary (or, if Parent shall make no such designation by the next date of delivery of financial statements pursuant to Section 5.1(a) or 5.1(b), one or more of such Immaterial Subsidiaries selected in
descending order based on their respective contributions to the Consolidated Total Assets of Parent and its Subsidiaries shall cease to be considered to be Immaterial Subsidiaries until such excess is eliminated) and any such Subsidiary (if not
otherwise an Excluded Subsidiary) shall be required to comply with Section 5.9(c) within the time periods set forth therein. For purposes of this definition, Consolidated Total Assets shall be calculated eliminating all intercompany items. 

“Incremental Equivalent Debt”: Indebtedness consisting of (x) unsecured senior, senior subordinated or
junior subordinated notes, or senior secured notes secured by the Collateral on an equal or junior priority basis with or to the Obligations, in each case issued in a public offering, Rule 144A or other private placement, or (y) senior
unsecured loans or senior secured loans secured by the Collateral on an equal or junior priority basis with or to the Obligations, in each case of clauses (x) and (y), subject to the terms set forth in Section 2.23(d). 

“Incremental Facility”: as defined in Section 2.23(a). 

“Incremental Facility Amendment”: as defined in Section 2.23(c). 

“Incremental Facility Closing Date”: as defined in Section 2.23(c). 

“Incremental Revolving Commitments”: as defined in Section 2.23(a)(ii). 

“Incremental Revolving Increase”: as defined in Section 2.23(a)(ii). 

“Incremental Revolving Lender”: as defined in Section 2.23(c). 

“Incremental Revolving Tranche”: as defined in Section 2.23(a)(ii). 

“Incremental Term Loan A Facility”: as defined in Section 2.23(a)(i). 

“Incremental Term A Loans”: as defined in Section 2.23(a)(i). 

“Incremental Term Loan B Facility”: as defined in Section 2.23(a)(i). 

“Incremental Term B Loans”: as defined in Section 2.23(a)(i). 

“Indebtedness”: of any Person at any date, without duplication, (a) all indebtedness of such Person for
borrowed money, (b) all obligations of such Person for the deferred purchase price of Property or services (other than (i) trade accounts or similar obligations to a trade creditor and accrued expenses payable in the ordinary course of
business, (ii) any earn-out obligation unless such obligation is not paid promptly after becoming due and payable and (iii) accruals for payroll 

  
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or other employee compensation and other liabilities accrued in the ordinary course of business), (c) all obligations of such Person evidenced by notes, bonds, debentures or other similar
instruments, (d) all indebtedness created or arising under any conditional sale or other title retention agreement with respect to Property acquired by such Person (even though the rights and remedies of the seller or lender under such
agreement in the event of default are limited to repossession or sale of such Property), but limited to the lesser of the fair market value (as determined in good faith by Parent) of such Property and the principal amount of such Indebtedness if
recourse is solely to such Property, (e) all Capital Lease Obligations of such Person, (f) all obligations of such Person, contingent or otherwise, as an account party or applicant under bankers’ acceptances, letters of credit, surety
bonds and similar instruments (except unsecured and unmatured reimbursement obligations in respect thereof obtained in the ordinary course of business to secure the performance of obligations that are not Indebtedness pursuant to another clause of
this definition), (g) the liquidation value of all Disqualified Capital Stock of such Person, to the extent mandatorily redeemable in cash prior to the date that is the 91st day after the relevant Latest Maturity Date (as determined on the date of
issuance thereof) (other than in connection with change of control events and asset sales and other Disposition and casualty events to the extent that the terms of such Capital Stock provide that such Person may not redeem any such Capital Stock in
connection with such change of control event or asset sale or other Disposition or casualty event unless such redemption is subject to the prior payment in full of the Obligations), (h) all Guarantee Obligations of such Person in respect of
obligations of the kind referred to in clauses (a) through (g) above, (i) all obligations of the kind referred to in clauses (a) through (h) above of another Person secured by any Lien on Property (including accounts and contract
rights) owned by such Person, whether or not such Person has assumed or become liable for the payment of such obligations (but limited to the lesser of the fair market value of such Property and the principal amount of such obligations) and
(j) solely for the purposes of Section 6.2 and Section 7, the net obligations of such Person in respect of Hedge Agreements. 

“Indemnified Taxes”: (a) Taxes, other than Excluded Taxes, imposed on or with respect to any payment
made by or on account of any obligation of any Loan Party under any Loan Document and (b) to the extent not otherwise described in clause (a), Other Taxes. 

“Indemnitee”: as defined in Section 9.3(b). 

“Information”: as defined in Section 9.12(a). 

“Insolvency”: with respect to any Multiemployer Plan, the condition that such Plan is insolvent within the
meaning of Section 4245 of ERISA; and the term “Insolvent” shall have a correlative meaning. 

“Intellectual Property”: the collective reference to all rights, priorities and privileges relating to
intellectual property, whether arising under United States, state, multinational or foreign laws or otherwise, including copyrights, patents, trademarks, service marks, trade names, franchise rights, technology,
know-how and processes, recipes, formulas, trade secrets, licenses to any of the foregoing, and all rights to sue at law or in equity for any infringement, misappropriation, dilution, or other violation or
impairment thereof, including the right to receive all proceeds and damages therefrom. 

  
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 “Interest Election Request”: a request by the applicable
Borrowers to convert or continue a Borrowing in accordance with Section 2.9. 
 “Interest Payment
Date”: (a) with respect to any ABR Loan, the last Business Day of each March, June, September and December, commencing with the first such date to occur after the Closing Date, and the final maturity date of such Loan and (b) with
respect to any Loan that is not an ABR Loan, the last day of the Interest Period applicable to the Borrowing of which such Loan is a part and, in the case of a Eurodollar Borrowing with an Interest Period of more than three months’ duration,
each day that would have been an Interest Payment Date had successive Interest Periods of three months’ duration been applicable to such Borrowing. 

“Interest Period”: with respect to any Eurodollar Borrowing, the period commencing on the date of such
Borrowing and ending on the numerically corresponding day in the calendar month that is one, two, three or six months (or, if made available by all participating Lenders, twelve months) or, solely with respect to Revolving Credit Borrowings, one day
or one week, thereafter, as the applicable Borrowers may elect; provided, that (i) 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 unless
such next succeeding Business Day would fall in the next calendar month, in which case such Interest Period shall end on the next preceding Business Day and (ii) any Interest Period that commences on the last Business Day of a calendar month
(or on a day for which there is no numerically corresponding day in the last calendar month of such Interest Period) shall end on the last Business Day of the last calendar month of such Interest Period; provided, further, that the
initial Interest Period with respect to any Eurodollar Borrowing on the Closing Date may be for such other period specified in the applicable Borrowing Request that is acceptable to the applicable Administrative Agent. For purposes hereof, the date
of a Borrowing initially shall be the date on which such Borrowing is made and thereafter shall be the effective date of the most recent conversion or continuation of such Borrowing. 

“Internally Generated Cash Flow”: cash and Cash Equivalents on the balance sheet not constituting
(i) proceeds of Indebtedness (excluding borrowings under the Revolving Credit Facility or any other revolving credit facilities or revolving lines of credit (other than, in each case, for purposes of clauses (b)(iii), (b)(vi), (b)(vii) and
(b)(viii) of the definition of “Excess Cash Flow”)) of Parent and the Group Members, (ii) proceeds of issuances of Capital Stock by or capital contributions to Parent and the Group Members or (iii) proceeds of any Reinvestment
Deferred Amount. 
 “Interpolated Screen Rate”: in relation to the LIBO Rate for any Loan, the rate which
results from interpolating on a linear basis between: (a) the rate appearing on ICE Benchmark Administration page (or on any successor or substitute page of such service) for the longest period (for which that rate is available) which is less
than the applicable Interest Period and (b) the rate appearing on the ICE Benchmark Administration page (or on any successor or substitute page of such service) for the shortest period (for which that rate is available) which exceeds the
applicable Interest Period, each as of approximately 11:00 a.m., London time, two Business Days prior to the commencement of such Interest Period. 

“Investments”: as defined in Section 6.7. 

  
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 “IP Holding Company”: (i) WH Intermediate Holdings Ltd. and
(ii) any other Restricted Subsidiary of Parent which from time to time owns or possesses the right to use any Intellectual Property (other than Intellectual Property that is of de minimis value) and licenses such rights to any other Subsidiary
of Parent. 
 “IP Office”: each of the United States Patent and Trademark Office and the United States
Copyright Office. 
 “IP Security Agreement”: the Intellectual Property Security Agreement among HV
Holdings Ltd., the other Restricted Subsidiaries of Parent from time to time party thereto and the Collateral Agent. 

“IRS”: United States Internal Revenue Service. 

“ISP” means, with respect to any Letter of Credit, the “International Standby Practices 1998”
published by the Institute of International Banking Law & Practice, Inc. (or such later version thereof as may be in effect at the time of issuance). 

“Issuing Bank”: (i) each of Rabobank and Coöperatieve Rabobank U.A., a banking cooperative established
under the laws of The Netherlands, in its capacity as issuer of Letters of Credit hereunder, and its successors in such capacity as provided in Section 2.7(i), (ii) for purposes of the Existing Roll-Over Letters of Credit, the Issuing Bank
set forth on Schedule 1.1(B), and (iii) any other Lender reasonably acceptable to the Revolver Administrative Agent and the Revolver Borrowers, which has agreed to act as Issuing Bank hereunder. An Issuing Bank may, in
its discretion, arrange for one or more Letters of Credit to be issued by Affiliates of such Issuing Bank, in which case the term “Issuing Bank” shall include any such Affiliate with respect to Letters of Credit issued by such Affiliate.

 “Jefferies”: as defined in the preamble hereto. 

“Junior Debt”: any Indebtedness of a Group Member (other than Indebtedness under revolving credit facilities
or other revolving lines of credit) that constitutes (i) Indebtedness subordinated in right of payment to the Obligations (other than Indebtedness among Parent and its Restricted Subsidiaries), (ii) unsecured Indebtedness incurred pursuant to
Section 6.2(f), 6.2(w) and Section 6.2(z) and any Permitted Refinancings thereof, (iii) unsecured Incremental Equivalent Debt or Incremental Equivalent Debt secured by Collateral on a junior basis to the Liens securing the Obligations
or (iv) Permitted Junior Secured Refinancing Debt or Permitted Unsecured Refinancing Debt). 
 “Latest Maturity
Date”: at any date of determination, the latest Maturity Date applicable to any Loan or Commitment hereunder at such time. 

“LC Disbursement”: a payment made by any Issuing Bank pursuant to a Letter of Credit. 

“LC Exposure”: at any time, the sum of (i) the aggregate undrawn amount of all outstanding Letters of
Credit at such time plus (ii) the aggregate amount of all LC Disbursements in respect of Letters of Credit that have not yet been reimbursed by or on behalf of the Revolver 

  
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Borrowers at such time. The LC Exposure of any Lender at any time shall be its Applicable Percentage of the total LC Exposure at such time, in each case with respect to the Revolving Credit
Facility. 
 “LC Percentage”: as of any date of determination, with respect to any Issuing Bank, such
Issuing Bank’s share, expressed as a percentage, of the LC Sublimit, as the same may be adjusted from time to time, as a result of an agreement by such Issuing Bank, with the Revolver Borrowers’ consent, to assume the obligations of
another such Issuing Bank with respect to any or all of the Letters of Credit issued by such other Issuing Bank or as a result of the addition of a new Issuing Bank, with the Revolver Borrowers’ consent, in accordance with the terms hereof.

 “LC Sublimit”: $45.0 million, as such amount may be increased from time to time in accordance with
Section 9.2(i). 
 “Lender Parties”: as defined in Section 9.16. 

“Lenders”: the Persons listed on Schedule 2.1 and any other Person that shall have become a party hereto
as a lender pursuant to an Assignment and Assumption, other than any such Person that ceases to be a party hereto as a lender pursuant to an Assignment and Assumption. 

“Lending Office”: as to the Revolver Administrative Agent, any Issuing Bank or any Revolving Credit Lender,
the office or offices of such Person as such Person may from time to time notify the Revolver Borrowers and the Revolver Administrative Agent; which office may include any Affiliate of such Person or any domestic or foreign branch of such Person or
such Affiliate. 
 “Letter of Credit”: any standby or commercial letter of credit, in a form acceptable to
the Issuing Bank in its sole and absolute discretion, issued by the Issuing Bank pursuant to the provisions hereof and providing for the payment of cash upon the honoring of a presentation thereunder. Each Existing Roll-Over Letter of Credit shall
be deemed to constitute a Letter of Credit issued hereunder on the Closing Date for all purposes of the Loan Documents. 

“LIBO Rate”: with respect to any Interest Period when used in reference to any Eurodollar Borrowing,
(a) in the case of Eurodollar Loans, the rate of interest appearing on Reuters Screen LIBOR01 Page (or on any successor or substitute page of such service, or any successor to such service as determined by applicable Administrative Agent) as
the London interbank offered rate administered by ICE Benchmark Administration Limited for deposits in US Dollars for a term comparable to such Interest Period, at approximately 11:00 a.m. (London time) on the date which is two Business Days prior
to the commencement of such Interest Period, and (b) if any such rate is not available at such time for any reason, then the “LIBO Rate” for such Interest Period shall be the Interpolated Screen Rate. 

“Lien”: any mortgage, pledge, hypothecation, security assignment, deposit arrangement, encumbrance, lien
(statutory or other), charge or other security interest or any preference, priority or other security agreement or preferential arrangement of any kind or nature whatsoever (including any conditional sale or other title retention agreement and any
capital lease having 

  
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substantially the same economic effect as any of the foregoing); provided, that in no event shall an operating lease in and of itself constitute a Lien. 

“Limited Conditionality Incremental Transaction”: as defined in Section 2.23(e). 

“Loan”: any loan made by any Lender pursuant to this Agreement. 

“Loan Documents”: this Agreement, the Collateral Documents, each Agency Fee Letter, the Fee Letter, any
Notes, any Senior Pari Passu Intercreditor Agreement, any Senior/Junior Intercreditor Agreement, any Permitted Amendment and any other document executed and delivered in conjunction with this Agreement from time to time and designated as a
“Loan Document”. 
 “Loan Parties”: the collective reference to the Borrowers and the Guarantors.

 “Loan Party Assets”: for any Loan Party, as of any date of determination, the total assets of such Loan
Party, determined in accordance with GAAP, calculated on an unconsolidated basis and by excluding all intercompany items other than ordinary course receivables owed to and payables owed by such Loan Party (including, without limitation, the value of
any investments (whether as equity or advances) among the Loan Parties and their subsidiaries). 
 “Loan Party
Consolidated EBITDA”: for any period for any Loan Party, the amount of Consolidated EBITDA attributable to such Loan Party for such period, calculated on an unconsolidated basis and by excluding all intercompany items other than ordinary
course sales. 
 “Luxembourg”: the Grand Duchy of Luxembourg or Luxembourg city when the context so
requires. 
 “Luxembourg Companies Register”: the Luxembourg Register of Commerce and Companies
(R.C.S Luxembourg). 
 “Luxembourg Loan Party”: any Loan Party whose registered office or
place of central administration is located in Luxembourg. 
 “Luxembourg Security Documents”: the following
Luxembourg law governed pledge agreements: 
 (i)       a share pledge
agreement made between, amongst others, WH Luxembourg Holdings S.à R.L., as pledgor, and the Collateral Agent over 100% of the shares held by WH Luxembourg Holdings S.à R.L. in WHBL Luxembourg S.àr.l.; 

(ii)      a share pledge agreement made between, amongst others, WH Luxembourg
Holdings S.à R.L., as pledgor, and the Collateral Agent over 100% of the shares held by WH Luxembourg Holdings S.à R.L. in Herbalife International Luxembourg S.àR.L.; 

  
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 (iii)       a share pledge
agreement made between, amongst others, Herbalife International Luxembourg S.àR.L., as pledgor, and the Collateral Agent over 100% of the shares held by Herbalife International Luxembourg S.àR.L. in Herbalife Africa; 

(iv)       a share pledge agreement made between, amongst others, Herbalife
International Luxembourg S.àR.L., as pledgor, and the Collateral Agent over 100% of the shares held by Herbalife International Luxembourg S.àR.L. in Herbalife Luxembourg Distribution S.à r.l.; 

(v)        a share pledge agreement made between, amongst others, Herbalife
International Luxembourg S.àR.L., as pledgor, and the Collateral Agent over 100% of the shares held by Herbalife International Luxembourg S.àR.L. in HLF Luxembourg Distribution S.à r.l.; 

(vi)       a share pledge agreement made between, amongst others, WH
Intermediate Holdings Ltd., as pledgor, and the Collateral Agent over 100% of the shares held by WH Intermediate Holdings Ltd. in HBL Luxembourg Holdings S.à r.l.; 

(vii)       a share pledge agreement made between, amongst others, HBL
Luxembourg Holdings S.à r.l., as pledgor, and the Collateral Agent over 100% of the shares held by HBL Luxembourg Holdings S.à r.l. in WH Luxembourg Holdings S.à R.L.; 

(viii)       a receivables pledge agreement made between, amongst others, HIL,
as pledgor, and the Collateral Agent, with respect to certain monetary rights existing under the Intellectual Property License Agreement (as defined in the Perfection Certificate); and 

(ix)         a receivables pledge agreement made between, amongst
others, HV Holdings Ltd., as pledgor, and the Collateral Agent, with respect to certain monetary rights existing under the Intellectual Property License Agreement (as defined in the Perfection Certificate). 

“Material Adverse Effect”:     a material adverse effect on (a) the business,
financial condition, assets or results of operations, in each case, of the Group Members, taken as a whole, (b) the ability of the Loan Parties, taken as a whole, to perform their payment obligations under the Loan Documents or (c) the
rights and remedies of the Agents and the Lenders, taken as a whole, under any Loan Document. 
 “Material
Debt”:     Indebtedness (other than Indebtedness constituting Obligations), or obligations in respect of one or more Hedge Agreements (other than to the extent constituting Obligations), of any one or more of any Group
Member in an aggregate principal amount exceeding the greater of (a) $120.0 million and (b) 5.0% of Consolidated Total Assets. For purposes of determining Material Debt, the “obligations” of any Group Member in respect of any Hedge
Agreement at any time shall be the maximum aggregate amount (giving effect to any netting agreements) that any Group Member would be required to pay if such Hedge Agreement were terminated at such time. 

  
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 “Material Party”:     Parent or any
Restricted Subsidiary (other than an Immaterial Subsidiary). 
 “Material Real Property”: any fee-owned real property having a fair market value equal to or in excess of $65.0 million. 

“Maturity Date”: with respect to (a) the Revolving Credit Facility, the applicable Revolving Credit
Maturity Date, (b) the Term Loan A Facility, the Term Loan A Maturity Date and (c) the Term Loan B Facility, the Term Loan B Maturity Date; provided, that the reference to Maturity Date with respect to any other Term Loans shall be
the final maturity date as specified in the applicable Incremental Facility Amendment or Replacement Facility Amendment, and with respect to any Extended Term Loans in respect thereof, shall be the final maturity date as specified in the applicable
Extension Offer. 
 “Maximum Rate”: as defined in Section 9.17. 

“Maximum Tender Condition”: as defined in Section 2.26. 

“Minimum Tender Condition”: as defined in Section 2.26. 

“MIRE Event”: at any time after the Closing Date, if there are any Mortgaged Properties at such time, any
increase, extension of the maturity or renewal of any of the Commitments or Loans (including an Incremental Facility Amendment, Extension Amendment or Replacement Facility Amendment, but excluding for the avoidance of doubt (a) any continuation
or conversion of borrowings, (b) the making of any Loan, (c) the issuance, creation, renewal or extension of Letters of Credit). 

“MNPI”: any material Nonpublic Information regarding Parent and its Subsidiaries or the Loans or securities
of any of them that has not been disclosed to the Lenders generally (other than Lenders who elect not to receive such information). For purposes of this definition “material Nonpublic Information” shall mean Nonpublic Information with
respect to the business of Parent and its Subsidiaries that would reasonably be expected to be material to a decision by any Lender to participate in any Dutch Auction or assign or acquire any Term Loans or to enter into any of the transactions
contemplated thereby or would otherwise be material for purposes of United States Federal and state securities laws. 

“Moody’s”: Moody’s Investor Services, Inc. 

“Mortgaged Properties”: the real properties listed on Schedule 1.2 (if any), as to
which the Collateral Agent for the benefit of the Secured Parties shall be granted a Lien in accordance with Section 5.15 pursuant to the Mortgages and such other real properties as to which the Collateral Agent for the benefit of the Secured
Parties shall be granted a Lien after the Closing Date pursuant to Section 5.9. 
 “Mortgages”: each
of the real property mortgages made by any Loan Party in favor of, or for the benefit of, the Collateral Agent for the benefit of the Secured Parties, to be in form and substance reasonably satisfactory to the Collateral Agent and the Borrowers.

  
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 “Multiemployer Plan”: a Plan that is a multiemployer plan
as defined in Section 4001(a)(3) of ERISA. 
 “Net Cash Proceeds”:     (a) in
connection with any Asset Sale or Recovery Event, the proceeds thereof received by any Group Member in the form of cash or Cash Equivalents (including any such proceeds received by way of deferred payment of principal pursuant to a note or
installment receivable or purchase price adjustment receivable or otherwise, but only as and when received) of such Asset Sale or Recovery Event, net of the sum of
(i) out-of-pocket attorneys’ fees, accountants’ fees and investment banking and advisory fees incurred by any Group Member in connection with such Asset
Sale or Recovery Event, (ii) principal, premium or penalty, interest and other amounts required to be paid in respect of Indebtedness secured by a Lien permitted hereunder on any asset which is the subject of such Asset Sale or Recovery Event
(other than any Lien pursuant to a Collateral Document or a Lien which is expressly pari passu with or subordinate to the Liens under the Loan Documents) or, in the case of any Asset Sale or Recovery Event relating to assets of a Non-Loan Party Subsidiary, principal, premium or penalty, interest and other amounts required to be paid in respect of Indebtedness of such Non-Loan Party Subsidiary as a
result of such Asset Sale or Recovery Event, (iii) other reasonable out-of-pocket fees and expenses actually incurred in connection therewith, (iv) taxes
(including sales, transfer, deed or mortgage recording taxes) paid or reasonably estimated to be payable as a result thereof, (v) in the case of any Asset Sale or Recovery Event by a Restricted Subsidiary that is not a Wholly Owned Subsidiary,
the pro-rata portion of the Net Cash Proceeds thereof (calculated without regard to this clause (v)) attributable to minority interests and not available for distribution to or for the account of a Group
Member that is a Wholly Owned Subsidiary as a result thereof and (vi) any reserve established in accordance with GAAP (provided, that such reserved amounts shall be Net Cash Proceeds to the extent and at the time of any reversal (without the
satisfaction of any applicable liabilities in cash in a corresponding amount) of any such reserve) and (b) in connection with any issuance or incurrence of any Indebtedness, the cash proceeds received by any Group Member from such issuance or
incurrence, net of reasonable out-of-pocket attorneys’ fees, investment banking and advisory fees, accountants’ fees, underwriting discounts and commissions
and other customary out-of-pocket fees, costs and expenses actually incurred in connection therewith (including, in the case of a Replacement Facility or Permitted Term
Loan Refinancing Indebtedness, any swap breakage costs and other termination costs related to Hedge Agreements and any other fees and expenses actually incurred in connection therewith), in each case as determined reasonably and in good faith by a
Responsible Officer of Parent. 
 “Non-Consenting Lender”: as
defined Section 2.21(c). 
 “Non-Loan Party Subsidiary”: any
Restricted Subsidiary of Parent that is not a Loan Party. 
 “Nonpublic Information”: information which has
not been disseminated in a manner making it available to investors generally, within the meaning of Regulation FD. 

“Note”: any promissory note evidencing any Loan substantially in the form of Exhibit G. 

“Notice of Additional Guarantor”: a Notice of Additional Guarantor, in substantially the form of
Exhibit K hereto. 

  
 41 

 “Obligations”: the unpaid principal of and interest on
(including interest accruing after the maturity of the Loans and Reimbursement Obligations and interest accruing after the filing of any petition in bankruptcy, or the commencement of any insolvency, reorganization or like proceeding, relating to
any Borrower, whether or not a claim for post-filing or post-petition interest is allowed or allowable in such proceeding) the Loans, the Reimbursement Obligations and all other obligations and liabilities of the Loan Parties to the Agents or to any
Lender or any Qualified Counterparty, whether direct or indirect, absolute or contingent, due or to become due, or now existing or hereafter incurred, which may arise under, out of, or in connection with, this Agreement, any other Loan Document, the
Letters of Credit or any Specified Hedge Agreement, whether on account of principal, interest, reimbursement obligations, fees, indemnities, costs or expenses (including all fees, charges and disbursements of counsel to the Arrangers, to the Agents
or to any Lender that are required to be paid by the Borrowers pursuant hereto) and any Cash Management Obligations; provided, that (i) obligations of the Term Loan Borrower or any Restricted Subsidiary under any Specified Hedge Agreement or
any Cash Management Obligations shall be secured and guaranteed pursuant to the Collateral Documents only to the extent that, and for so long as, the other Obligations are so secured and guaranteed and (ii) any release of Collateral or
Guarantors effected in the manner permitted by this Agreement or any Collateral Document shall not require the consent of holders of obligations under Specified Hedge Agreements or holders of any Cash Management Obligations. Notwithstanding the
foregoing, the “Obligations” of any Loan Party shall not include any Excluded Swap Obligation of such Loan Party. 

“OFAC”: has the meaning assigned to such term in the definition of “Sanctioned Person.” 

“Optional Prepayment Amount”: for any Excess Cash Flow Period, the aggregate amount of (x) all
prepayments of Revolving Loans during such Excess Cash Flow Period (or, at the option of the Revolver Borrowers, during such Excess Cash Flow Period and the period in the succeeding Excess Cash Flow Period prior to the applicable Excess Cash Flow
Application Date) to the extent accompanying permanent optional reductions of the Revolving Credit Commitments, (y) all optional prepayments (including any premiums and penalties associated therewith) of the Term Loans during such Excess Cash
Flow Period (or, at the option of the Term Loan Borrower, during such Excess Cash Flow Period and the period in the succeeding Excess Cash Flow Period prior to the applicable Excess Cash Flow Application Date) and (z) all optional prepayments
(including any premiums and penalties associated therewith) of any Permitted Credit Agreement Refinancing Indebtedness or any Incremental Equivalent Debt, in each case that is secured on a pari passu basis with the Facilities, which payments are
permitted to be made hereunder and made during such Excess Cash Flow Period (or, at the option of the Term Loan Borrower, during such Excess Cash Flow Period and the period in the succeeding Excess Cash Flow Period prior to the applicable Excess
Cash Flow Application Date), in each case except to the extent that such prepayments are funded with the proceeds of incurrences of Indebtedness or the issuances of Capital Stock; provided, that, with respect to any prepayment of Term Loans,
any Permitted Credit Agreement Refinancing Indebtedness or any Incremental Equivalent Debt, in each case by any Purchasing Borrower Party pursuant to Section 9.4 or the corresponding provision in the definitive agreement governing any
Incremental Equivalent Debt, the Optional Prepayment Amount shall include only the aggregate amount of cash actually paid by such Purchasing Borrower Party in respect of the principal amount of the Term Loans, Permitted Credit Agreement Refinancing
Indebtedness or 

  
 42 

 
Incremental Equivalent Debt, as the case may be, so prepaid; provided, further, that to the extent any such prepayments made after the applicable Excess Cash Flow Period reduce
Excess Cash Flow for such Excess Cash Flow Period, such prepayments shall not also reduce Excess Cash Flow in the Excess Cash Flow Period in which they are made. 

“Organizational Documents”: with respect to any Person and as applicable, the certificate of incorporation or
formation, memorandum and/or articles of association, bylaws, limited liability company agreement, limited partnership agreement or other organizational documents of such Person. 

“Other Applicable Indebtedness”: as defined in Section 2.14(b). 

“Other Connection Taxes”: with respect to the Agents or any Lender or Issuing Bank, Taxes imposed as a result
of a present or former connection between the Agents or such Lender or Issuing Bank and the jurisdiction imposing such Tax (other than a connection arising solely from the Agents or such Lender or Issuing Bank having executed, delivered, become a
party to, performed its obligations under, received payments under, received or perfected a security interest under, engaged in any other transaction pursuant to or enforced any Loan Document, or sold or assigned an interest in any Loan or Loan
Document). 
 “Other Taxes”: any and all present or future recording, stamp or documentary, property,
intangible, recording, filing or similar Taxes arising from any payment made under any Loan Document or from the execution, delivery, performance, enforcement or registration of, from the receipt or perfection of a security interest under, or
otherwise with respect to, any Loan Document, except any such Taxes that are Other Connection Taxes imposed with respect to an assignment (other than an assignment made pursuant to Section 2.21(b)). 

“Other Term Loans”: as defined in Section 2.23(a). 

“Overnight Rate”: for any day, (a) with respect to any amount denominated in US Dollars, the greater of
(i) the Federal Funds Effective Rate and (ii) an overnight rate determined by the applicable Administrative Agent or the applicable Issuing Bank, as the case may be, in accordance with banking industry rules on interbank compensation, and
(b) with respect to any amount denominated in an Alternative Currency, the rate of interest per annum at which overnight deposits in the applicable Alternative Currency, in an amount approximately equal to the amount with respect to which such
rate is being determined, would be offered for such day by a branch or Affiliate of the Revolver Administrative Agent in the applicable offshore interbank market for such currency to major banks in such interbank market. 

“Parent”: as defined in the preamble hereto. 

“Parent Group”: Parent and all of its Subsidiaries. For the avoidance of doubt, any reference to a
“member of the Parent Group” shall refer to the Company and each of its Subsidiaries. 
 “Parent
Obligations Guaranty”: the Guaranty, dated as of the Closing Date, made by the Restricted Subsidiaries of the Parent that are Loan Parties in favor of the Collateral Agent, for the 

  
 43 

 
benefit of the Secured Parties, as the same may be amended, restated, supplemented or otherwise modified from time to time. 

“Participant”: as defined in Section 9.4(c). 

“Participant Register”: as defined in Section 9.4(c). 

“Participating Member State” means any member state of the European Union that adopts or has adopted the euro
as its lawful currency in accordance with legislation of the European Union relating to economic and monetary union. 

“PATRIOT Act”: Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and
Obstruct Terrorism (USA PATRIOT Act of 2001). 
 “PBGC”: the Pension Benefit Guaranty Corporation
established pursuant to Subtitle A of Title IV of ERISA and any successor entity performing similar functions. 

“Perfection Certificate”: a certificate in the form of Exhibit D or any other form approved by the
Collateral Agent. 
 “Permitted Acquisition”: as defined in Section 6.7(f). 

“Permitted Amendment”: any Extension Amendment, Incremental Facility Amendment or Replacement Facility
Amendment. 
 “Permitted Convertible Indebtedness Call Transaction”: any purchase by Parent of a call or
capped call option (or substantively equivalent derivative transaction) on Parent’s common stock in connection with the issuance of any convertible Indebtedness otherwise permitted hereunder, or any refinancing, refunding, extension or renewal
thereof as permitted by Section 6.2(v), and any sale by Parent of a call option or warrant (or substantively equivalent derivative transaction) on Parent’s common stock; provided that the purchase price for the Permitted Convertible
Indebtedness Call Transaction does not exceed the net proceeds from the issuance of such convertible notes issued in connection with the Permitted Convertible Indebtedness Call Transaction or any such refinancing, refunding, extension or renewal
thereof as permitted by Section 6.2(v), as applicable. 
 “Permitted Credit Agreement Refinancing
Indebtedness”: in the case of any (a) Permitted Pari Passu Secured Refinancing Debt, (b) Permitted Junior Secured Refinancing Debt or (c) Permitted Unsecured Refinancing Debt, in each case, issued, incurred or otherwise
obtained (including by means of the extension or renewal of existing Indebtedness) in exchange for, or to extend, renew, replace or refinance, in whole or part, existing Loans or Revolving Credit Commitments (including any successive Permitted
Credit Agreement Refinancing Indebtedness) (“Refinanced Debt”), such exchanging, extending, renewing, replacing or refinancing Indebtedness that (i) is in an original aggregate principal amount not greater than the aggregate
principal amount of the Refinanced Debt except by an amount equal to unpaid accrued or capitalized interest thereon, any make-whole payments or premium (including tender premium) applicable thereto or paid in connection therewith, plus upfront fees
and original issue discount on 

  
 44 

 
such exchanging, extending, renewing, replacing or refinancing Indebtedness, plus other customary fees and expenses in connection with such exchange, modification, refinancing, refunding,
renewal, replacement or extension, (ii) does not require any scheduled payment of principal (including pursuant to a sinking fund obligation) or mandatory redemption or redemption at the option of the holders thereof or similar prepayment
(other than customary offers to purchase upon an asset sale or change of control), the maturity date of such Indebtedness is not prior to the maturity date of the applicable Refinanced Debt and, in the case of a refinancing of Term Loans, the
Weighted Average Life to Maturity of such Indebtedness is not shorter than the Weighted Average Life to Maturity of the applicable Refinanced Debt, (iii) has terms and conditions (other than (x) as provided in the foregoing
clause (ii), (y) interest rate, fees, funding discounts and other pricing terms, liquidation preferences, call protection periods, prepayment or other premiums, optional prepayment terms and redemption terms (subject to the foregoing
clause (ii)) and subordination terms and (z) covenants (including any financial maintenance covenants added for the benefit of any lenders or investors providing such Indebtedness) or other provisions to the extent (1) also added for
the benefit of any existing Lenders or (2) applicable only to periods after the then Latest Maturity Date at the time of incurrence of such Indebtedness) that are, when taken as a whole, not materially more favorable (as determined by the
Borrowers in good faith) to the lenders or investors providing such Indebtedness than those set forth in the Loan Documents are to the Lenders holding such Refinanced Debt, (iv) is guaranteed only by such Person that is also a Guarantor and
(v) the proceeds of which are used to repay (in the case of Refinanced Debt consisting of Loans), defease or satisfy and discharge such Refinanced Debt and pay all accrued interest, fees and premiums (if any) in connection therewith;
provided that, in the case of Refinanced Debt consisting of Revolving Credit Loans, the Revolving Credit Commitments shall be permanently reduced on a
dollar-for-dollar basis, in each case substantially concurrently with the issuance, incurrence or obtaining of such Permitted Credit Agreement Refinancing Indebtedness.

 “Permitted Cure Securities”: Capital Stock of Parent issued (in the form of common equity and/or
preferred stock having terms reasonably acceptable to the Revolver Administrative Agent) to fund the Cure Amount in connection with the Cure Right. 

“Permitted Debt Exchange”: as defined in Section 2.26. 

“Permitted Debt Exchange Notes”: as defined in Section 2.26. 

“Permitted Debt Exchange Offer”: as defined in Section 2.26. 

“Permitted Holders”: (a) (1) Carl C. Icahn and his siblings, his and their respective spouses and
descendants (including stepchildren and adopted children) and the spouses of such descendants (including stepchildren and adopted children) (collectively, the “Family Group”); (2) any trust, estate, partnership, corporation,
company, limited liability company or unincorporated association or organization (each an “Entity” and collectively “Entities”) Controlled by one or more members of the Family Group, including without limitation any
funds managed by any member of the Family Group that are acting in concert with the Family Group; (3) any Entity over which one or more members of the Family Group, directly or indirectly, have rights that, either legally or in practical
effect, enable them to make or veto significant management decisions with 

  
 45 

 
respect to such Entity, whether pursuant to the constituent documents of such Entity, by contract, through representation on a board of directors or other governing body of such Entity, through a
management position with such Entity or in any other manner (such rights hereinafter referred to as “Veto Power”); (4) the estate of any member of the Family Group; (5) any trust created (in whole or in part) by any one or more
members of the Family Group; (6) any individual or Entity who receives an interest in any estate or trust listed in clauses (4) or (5), to the extent of such interest; (7) any trust or estate, substantially all the beneficiaries of
which (other than charitable organizations or foundations) consist of one or more members of the Family Group; (8) any organization described in Section 501(c) of the Code, over which any one or more members of the Family Group and the
trusts and estates listed in clauses (4), (5) and (7) have direct or indirect Veto Power, or to which they are substantial contributors (as such term is defined in Section 507 of the Code); (9) any organization described in
Section 501(c) of the Code of which a member of the Family Group is an officer, director or trustee; or (10) any Entity, directly or indirectly (a) owned or Controlled by or (b) a majority of the economic interests in which are
owned by, or are for or accrue to the benefit of, in either case, any Person or Persons identified in clauses (1) through (9) above; and (b) HBL Swiss Financing GmbH, HBL Luxembourg Holdings S.à r.l., WH Luxembourg Holdings
S.à R.L., Herbalife International Luxembourg S.à R.L., and WH Intermediate Holdings LTD (and their respective successors) in connection with any purchases and/or holdings of Parent’s common equity interests permitted hereunder, to
the extent, in the case of this clause (b), (x) immediately before and after giving effect to any such purchases, the Loan Parties shall have been in compliance with the requirements of Section 5.14 determined on a Pro Forma Basis and
(y) such Persons are Wholly Owned Subsidiaries of Parent. For the purposes of this definition of Permitted Holders, (I) “Control” of a Person means the power, directly or indirectly, to direct or cause the direction of the
management and policies of such Person, whether by contract or otherwise and (II) for the avoidance of doubt, in addition to any other Person or Persons that may be considered to possess Control, (x) a partnership shall be considered
Controlled by a general partner or managing general partner thereof, (y) a limited liability company shall be considered Controlled by a managing member of such limited liability company and (z) a trust or estate shall be considered
Controlled by any trustee, executor, personal representative, administrator or any other Person or Persons having authority over the control, management or disposition of the income and assets therefrom. 

“Permitted Junior Secured Refinancing Debt”: Indebtedness incurred by the Term Loan Borrower in the form of
one or more series of secured notes or loans; provided, that, (i) such Indebtedness is, in each case, secured by Collateral on a junior basis to the Liens securing the Obligations and is not secured by any property or assets of Parent or
any Subsidiary of Parent other than property or assets constituting Collateral, (ii) such Indebtedness constitutes Permitted Credit Agreement Refinancing Indebtedness, (iii) the security agreements relating to such Indebtedness are not
materially more favorable (as determined in good faith by Parent) to the lenders or investors thereunder than the Collateral Documents and (iv) a Senior Representative acting on behalf of the holders of such Indebtedness shall have become party
to a Senior/Junior Intercreditor Agreement or such other customary intercreditor arrangements reasonably satisfactory to the Collateral Agent. Permitted Junior Secured Refinancing Debt will include any Registered Equivalent Notes issued in exchange
therefor. 

  
 46 

 “Permitted Liens”: the collective reference to (i) in
the case of Collateral other than Pledged Equity Interests and Material Real Property, Liens permitted by Section 6.3, (ii) in the case of Collateral consisting of Material Real Property, Liens of the type described in Sections 6.3(a), 6.3(b),
6.3(e) and 6.3(f) and (iii) in the case of Collateral consisting of Pledged Equity Interests, non-consensual Liens permitted by Section 6.3 and Liens permitted by any of Sections 6.3(h), 6.3(j),
6.3(l), 6.3(s)(ii), 6.3(t), 6.3(v) (other than Liens on the Capital Stock of any Borrower), 6.3(w), 6.3(dd) and 6.3(ff). 

“Permitted Pari Passu Secured Refinancing Debt”: Indebtedness incurred by the Term Loan Borrower in the form
of one or more series of senior secured loans or senior secured notes; provided, that (i) such Indebtedness is secured by the Collateral on a pari passu basis (but without regard to the control of remedies) with the
Obligations and is not secured by any property or assets of Parent or any Subsidiary of Parent other than the Collateral, (ii) such Indebtedness constitutes Permitted Credit Agreement Refinancing Indebtedness, (iii) the security agreements
relating to such Indebtedness are not materially more favorable (as determined in good faith by Parent) to the lenders or investors thereunder than the Collateral Documents and (iv) a Senior Representative acting on behalf of the holders of
such Indebtedness shall have become party to a Senior/Junior Intercreditor Agreement or other customary intercreditor arrangements reasonably satisfactory to the Collateral Agent. Permitted Pari Passu Secured Refinancing Debt will include any
Registered Equivalent Notes issued in exchange therefor. 
 “Permitted Refinancing”: with respect to any
Indebtedness of any Person, any refinancing, refunding, renewal, replacement, defeasance, discharge or extension of such Indebtedness (each, a “refinancing”, with “refinanced” having a correlative meaning);
provided, that (a) the aggregate principal amount (or accreted value, if applicable) does not exceed the then outstanding aggregate principal amount (or accreted value, if applicable) of the Indebtedness so refinanced, except by an
amount equal to all unpaid accrued or capitalized interest thereon, any make-whole payments or premium (including tender premium) applicable thereto or paid in connection therewith, any swap breakage costs and other termination costs related to
Hedge Agreements, plus upfront fees and original issue discount on such refinancing Indebtedness, plus other customary fees and expenses in connection with such refinancing, (b) other than in the case of a refinancing of purchase
money Indebtedness and Capital Lease Obligations, such refinancing has a final maturity date equal to or later than the final maturity date of, and has a Weighted Average Life to Maturity equal to or greater than the Weighted Average Life to
Maturity of, the Indebtedness being refinanced, (c) the borrower/issuer under such refinancing is the same Person that is the borrower/issuer under the Indebtedness being so refinanced and the other Persons that are (or are required to be)
obligors under such refinancing are not more expansive than the Persons that are (or are required to be) obligors under the Indebtedness being so refinanced, except that any Guarantor may be an obligor thereof if otherwise permitted by this
Agreement, (d) in the event such Indebtedness being so refinanced is (i) contractually subordinated in right of payment to the Obligations, such refinancing shall contain subordination provisions that are substantially the same (as
determined in good faith by Parent) as those in effect prior to such refinancing or are not materially less favorable, taken as a whole (as determined in good faith by Parent), to the Secured Parties than those contained in the Indebtedness being so
refinanced or are otherwise reasonably acceptable to the applicable Administrative Agent (provided that, in the case of the Convertible Notes, any refinancing thereof shall not be required to contain subordination provisions to the extent the
Indebtedness that 

  
 47 

 
refinances such Convertible Notes is unsecured) or (ii) secured by a junior permitted lien on the Collateral (or portion thereof) and/or subject to intercreditor arrangements for the benefit
of the Lenders, in the case of this clause (ii) such refinancing shall be unsecured or secured by a junior permitted lien on the Collateral (or portion thereof), and subject to intercreditor arrangements on substantially the same terms (as
determined in good faith by Parent) as those in effect prior to such refinancing or on terms not materially less favorable, taken as a whole, to the Secured Parties than those in respect of the Indebtedness being so refinanced or on such other terms
reasonably acceptable to the applicable Administrative Agent, (e) such refinancing does not provide for the granting or obtaining of collateral security from, or obtaining any lien on any assets of, any Person, other than collateral security
obtained from Persons that provided (or were required to provide) collateral security with respect to Indebtedness being so refinanced (so long as the assets subject to such liens were or would have been required to secure the Indebtedness so
refinanced) (provided, that additional Persons that would have been required to provide collateral security with respect to the Indebtedness being so refinanced may provide collateral security with respect to such refinancing and any
Guarantor may provide collateral security otherwise permitted by this Agreement that is junior to the Liens under the Collateral Documents on terms not materially less favorable to the Lenders (as determined in good faith by Parent) than those set
forth in the Intercreditor Agreements) and (f) in the event such Indebtedness being so refinanced is Junior Debt or is incurred under Section 6.2(d) or (g), the terms of such refinancing, as compared to the Indebtedness being so
refinanced, are, when taken as a whole, not materially less favorable to the Secured Parties as compared to the Indebtedness being so refinanced (other than (x) with respect to interest rates, fees, funding discounts and other pricing terms,
liquidation preferences, prepayment or other premiums, call protection periods, subordination terms and optional prepayment and redemption provisions and (y) terms applicable only after the then Latest Maturity Date (as determined on the date
of incurrence of such Indebtedness)) (in each case, as determined in good faith by Parent). 
 “Permitted Term Loan
Refinancing Indebtedness”: (a) Permitted Pari Passu Secured Refinancing Debt, (b) Permitted Junior Secured Refinancing Debt and (c) Permitted Unsecured Refinancing Debt and, in each case, any Permitted Refinancing thereof.

 “Permitted Unsecured Refinancing Debt”: Indebtedness incurred by the Term Loan Borrower in the form of
one or more series of unsecured notes or loans; provided, that (i) such Indebtedness is not secured by any property or assets of any Group Member and (ii) such Indebtedness constitutes Permitted Credit Agreement Refinancing
Indebtedness. Permitted Unsecured Refinancing Debt will include any Registered Equivalent Notes issued in exchange therefor. 

“Person”: an individual, partnership, corporation, exempted company, person, limited liability company,
business trust, joint stock company, trust, unincorporated association, joint venture, Governmental Authority or other entity of whatever nature. Any division of a limited liability company shall constitute a separate Person hereunder (and each
division of any limited liability company that is a Subsidiary, Restricted Subsidiary, Unrestricted Subsidiary, joint venture or any other like term shall also constitute such a Person or entity). 

  
 48 

 “Plan”: any employee benefit plan that is subject to ERISA
and in respect of which any Borrower or a Commonly Controlled Entity is or, if such plan were terminated, would under Section 4062 or Section 4069 of ERISA be deemed to be an “employer” as defined in Section 3(5) of ERISA.

 “Platform”: as defined in Section 9.1. 

“Pledge Agreement”: the Pledge Agreement between WH Luxembourg Holdings S.à R.L. and the
Collateral Agent. 
 “Pledged Debt”: as defined in the Security Agreement. 

“Pledged Equity Interests”: as defined in the Security Agreement. 

“Prime Rate”: for any day, the rate of interest last quoted by The Wall Street Journal as the “Prime
Rate” in the U.S. for such day or, if The Wall Street Journal ceases to quote such rate, the highest per annum interest rate published by the Federal Reserve Board in Federal Reserve Statistical Release H.15 (519) (Selected Interest Rates) as
the “bank prime loan” rate for such day or, if such rate is no longer quoted therein, any similar rate quoted therein (as determined by the Administrative Agent) or any similar release by the Federal Reserve Board (as determined by the
Administrative Agent), in each case, for such day. Each change in the Prime Rate shall be effective on the date that such change is effective. 

“Private Lender Information”: as defined in Section 9.1. 

“Pro Forma Balance Sheet”: as defined in Section 3.1(a)(i). 

“Pro Forma Basis”: with respect to compliance with any test or covenant or calculation of any ratio
hereunder, the determination or calculation of such test, covenant or ratio (including in connection with Pro Forma Transactions) in accordance with Section 1.5. 

“Pro Forma Financial Statements”: as defined in Section 4.1(c)(iii). 

“Pro Forma Transaction”: (a) the Transactions, (b) any incurrence or repayment of Indebtedness
(other than for working capital purposes or in the ordinary course of business), the making of any Restricted Payment pursuant to Section 6.6(d) or (n), any Investment that results in a Person becoming a Restricted Subsidiary or an Unrestricted
Subsidiary, any Permitted Acquisition or any Disposition that results in a Restricted Subsidiary ceasing to be a Subsidiary or any Investment constituting an acquisition of assets constituting a business unit, line of business or division of another
Person or any Disposition of a business unit, line of business or division of a Group Member, in each case whether by merger, consolidation, amalgamation or otherwise and (c) any restructuring or cost saving, operational change or business
rationalization initiative or other initiative. 
 “Process Agent”: as defined in Section 9.9(e). 

  
 49 

 “Property”: any right or interest in or to property of any
kind whatsoever, whether real, personal or mixed and whether tangible or intangible, including Capital Stock. 

“PTE” means a prohibited transaction class exemption issued by the U.S. Department of Labor, as any such
exemption may be amended from time to time. 
 “Public Lender”: as defined in Section 9.1. 

“Public Lender Information”: as defined in Section 9.1. 

“Purchasing Borrower Party”: Parent or any Restricted Subsidiary of Parent that becomes an Eligible Assignee
pursuant to Section 9.4. 
 “Qualified Capital Stock”: Capital Stock that is not Disqualified Capital
Stock. 
 “Qualified Counterparty”: with respect to any Specified Hedge Agreement or Cash Management
Obligations, any counterparty thereto that, at the time such Specified Hedge Agreement or Cash Management Obligations were entered into or, in the case of a Specified Hedge Agreement or Cash Management Obligations, as the case may be, existing on
the Closing Date, was an Agent, a Lender or an Affiliate of any of the foregoing, regardless of whether any such Person shall thereafter cease to be an Agent, a Lender or an Affiliate of any of the foregoing. 

“Qualifying Bids”: as defined in Section 2.12(f)(iii). 

“Qualifying Lender”: as defined in Section 2.12(f)(iv). 

“Ratio-Based Incremental Facility”: as defined in Section 2.23(a). 

“Recovery Event”: any settlement of, or payment in respect of, any property or casualty insurance claim or
any condemnation proceeding relating to any asset of any Group Member. 
 “Reference Rate”: (a) with
respect to the Loans comprising each Eurodollar Borrowing for each day during each Interest Period with respect thereto, a rate per annum equal to the Adjusted LIBO Rate for the Interest Period in effect for such Borrowing and
(b) with respect to any ABR Loan, the Alternate Base Rate. 
 “Refinancing”: has the meaning given in
the Preliminary Statements. 
 “Refinancing Indebtedness”: with respect to any Indebtedness, any other
Indebtedness incurred in connection with a Permitted Refinancing of such Indebtedness. 
 “Register”: as
defined in Section 9.4(b)(iv). 
 “Registered Equivalent Notes”: with respect to any notes originally
issued in a Rule 144A or other private placement transaction under the Securities Act, substantially identical notes (having the same guarantees) issued in a
dollar-for-dollar exchange therefor pursuant to an exchange offer registered with the SEC. 

  
 50 

 “Regulation”: as defined in Section 3.22. 

“Regulation FD”: Regulation FD as promulgated by the SEC under the Exchange Act, as in effect from time to
time. 
 “Regulation H”: Regulation H of the Board as in effect from time to time. 

“Regulation U”: Regulation U of the Board as in effect from time to time. 

“Reimbursement Obligation”: the obligation of the Revolver Borrowers to reimburse each Issuing Bank pursuant
to Section 2.7(e) for amounts drawn under Letters of Credit issued by such Issuing Bank. 
 “Reinvestment
Deferred Amount”: with respect to any Reinvestment Event, the aggregate amount of Net Cash Proceeds received by any Group Member in connection therewith that are not applied to prepay the Term Loans as a result of the delivery of a
Reinvestment Notice. 
 “Reinvestment Event”: any Asset Sale (other than a Specified Sale and Leaseback
Transaction) or Recovery Event in respect of which the Term Loan Borrower has delivered a Reinvestment Notice. 

“Reinvestment Notice”: a written notice executed by a Responsible Officer stating that a Group Member intends
and expects to use all or a portion of the amount of Net Cash Proceeds of an Asset Sale or Recovery Event to restore, rebuild, repair, construct, improve, replace or otherwise acquire assets useful in the business of a Group Member. 

“Reinvestment Prepayment Amount”: with respect to any Reinvestment Event, the Reinvestment Deferred Amount
relating thereto less any amount expended prior to the relevant Reinvestment Prepayment Date to restore, rebuild, repair, construct, improve, replace or otherwise acquire assets useful in Parent’s or a Restricted Subsidiary’s business.

 “Reinvestment Prepayment Date”: with respect to any Reinvestment Event, the earlier of (a) the date
that is 365 days after the date of such Reinvestment Event (or, if a Group Member shall have entered into a legally binding commitment prior to the date that is 365 days after such Reinvestment Event to restore, rebuild, repair, construct, improve,
replace or otherwise acquire assets useful in the applicable Group Member’s business with the applicable Reinvestment Deferred Amount, the later of (x) the date that is 365 days after the date of such Reinvestment Event and (y) the
date that is 180 days after the date on which such commitment became legally binding) and (b) the date on which the Term Loan Borrower shall have determined not to restore, rebuild, repair, construct, improve, replace or otherwise acquire
assets useful in the applicable Group Member’s business with all or any portion of the relevant Reinvestment Deferred Amount. 

“Related Parties”: with respect to any specified Person, such Person’s Affiliates and the respective
directors, officers, employees, partners, members, trustees, managers, controlling persons, agents, advisors and other representatives of such Person and such Person’s Affiliates and the respective successors and permitted assigns of each of
the foregoing. 

  
 51 

 “Release”: any actual or threatened release, spill,
emission, leaking, dumping, injection, pouring, deposit, disposal, discharge, dispersal, leaching or migration into or through the environment or within any building, structure, facility or fixture. 

“Relevant Reference Period”: with respect to any action or determination under this Agreement, the Test
Period then most recently ended for which financial statements have been delivered pursuant to Section 5.1(a) or 5.1(b) immediately preceding the date on which the action for which such calculation is being made shall occur or the determination
is being made (or, prior to the first delivery of the financial statements pursuant to Section 5.1(a) or 5.1(b), the Test Period ended December 31, 2018). 

“Replacement Facility”: as defined in Section 2.24(a). 

“Replacement Facility Amendment”: as defined in Section 2.24(c). 

“Replacement Facility Closing Date”: as defined in Section 2.24(c). 

“Replacement Revolving Credit Commitments”: as defined in Section 2.24(d). 

“Replacement Revolving Credit Facility”: as defined in Section 2.24(a). 

“Replacement Term Loans”: as defined in Section 2.24(a). 

“Reply Amount”: as defined in Section 2.12(f)(ii). 

“Reply Discount Price”: as defined in Section 2.12(f)(ii). 

“Reportable Event”: any of the “reportable events” set forth in Section 4043(c) of ERISA or
the regulations issued thereunder, with respect to a Plan, other than those events as to which notice is waived pursuant to DOL Reg. Part 4043. 

“Repricing Event”:     (a) any prepayment, repayment, refinancing, substitution or
replacement of all or a portion of the Term B Loans with the proceeds of, or any conversion of Term B Loans into, any new or replacement tranche of term loans (including new Term B Loans under this Agreement) having an “effective yield”
(taking into account interest rate margin and benchmark floors, recurring fees and all upfront or similar fees or original issue discount (amortized over the shorter of (x) the Weighted Average Life to Maturity of such term loans and
(y) four years), but excluding any bona fide arrangement, underwriting, structuring, syndication or other fees payable in connection therewith that are not shared ratably with all lenders or holders of such new or replacement term loans in
their capacities as lenders or holders of such new or replacement term loans) less than the “effective yield” applicable to the Term B Loans (determined on the same basis as provided in the preceding parenthetical) and (b) any
amendment (including pursuant to a replacement term loan as contemplated by Section 9.2) to the Term B Loans or any tranche thereof that, directly or indirectly, reduces the “effective yield” (determined on the same basis as provided
in the second parenthetical in the preceding clause (a)) applicable to the Term B Loans. 

  
 52 

 “Required Lender Consent Items”: as defined in
Section 9.4(f). 
 “Required Lenders”: at any time, the holders of more than 50.0% of (a) until
the Closing Date, the Commitments and (b) thereafter, the sum of (i) the aggregate unpaid principal amount of the Term Loans then outstanding and (ii) the Total Revolving Credit Commitments then in effect or, if the Revolving Credit
Commitments have been terminated, the Total Revolving Credit Exposure; provided that the Aggregate Exposure and Commitments of any Defaulting Lender shall be disregarded in making any determination under this definition. 

“Required Pro Rata Facility Lenders”: at any time, with respect to the Term Loan A Facility and the Revolving
Credit Facility taken together, Lenders holding greater than 50% of (x) the then aggregate unpaid principal amount of the Loans held by all Lenders under such Facilities and (y) the aggregate undrawn Commitments of all Lenders under such
Facilities (provided that, for purposes hereof, no Defaulting Lender shall be included in (a) the Lenders holding such amount of the Loans or having such amount of Commitments or (b) determining the aggregate unpaid principal amount of the
Loans outstanding under such Facilities or the aggregate unfunded Commitments under such Facilities. 
 “Required
Revolving Lenders”: at any time, the holders of more than 50% of the sum of the Total Revolving Credit Commitments then in effect or, if the Revolving Credit Commitments have been terminated, the Total Revolving Credit Exposure;
provided that (i) the Revolving Credit Exposure and Revolving Credit Commitment of any Defaulting Lender shall be disregarded in making any determination under this definition and (ii) at any time that there are three (3) or
more Revolving Credit Lenders, “Required Revolving Lenders” shall include not less than three (3) Revolving Credit Lenders. 

“Required Term A Lenders”: at any time, the holders of more than 50% of the sum of the aggregate unpaid
principal amount of the Term A Loans held by all Lenders under the Term Loan A Facility, or, if no such principal amount is then outstanding, Lenders having greater than 50% of the aggregate Commitments under such Facility; provided that the
Aggregate Exposure of any Defaulting Lender shall be disregarded in making any determination under this definition. 

“Required Term B Lenders”: at any time, the holders of more than 50% of the sum of the aggregate unpaid
principal amount of the Term B Loans held by all Lenders under the Term Loan B Facility, or, if no such principal amount is then outstanding, Lenders having greater than 50% of the aggregate Commitments under such Facility; provided that the
Aggregate Exposure of any Defaulting Lender shall be disregarded in making any determination under this definition. 

“Required Term Lenders”: at any time, the holders of more than 50% of the sum of the aggregate unpaid
principal amount of the Term Loans held by all Lenders under the Term Loan Facilities, or, if no such principal amount is then outstanding, Lenders having greater than 50% of the aggregate Commitments under such Facility; provided that the
Aggregate Exposure of any Defaulting Lender shall be disregarded in making any determination under this definition. 

“Requirement of Law”: as to any Person, any law, treaty, rule or regulation or determination of an arbitrator
or a court or other Governmental Authority, in each case applicable 

  
 53 

 
to or binding upon such Person or any of its Property or to which such Person or any of its Property is subject. 

“Requirement of Tax Law”: as to any Person, any law, treaty, rule or regulation or determination of an
arbitrator or a court or other Governmental Authority relating to Taxes, in each case applicable to or binding upon such Person or any of its Property or to which such Person or any of its Property is subject. 

“Responsible Officer”: as to any Person, the chief executive officer, president, chief financial officer,
chief accounting officer or treasurer of such Person, but in any event, with respect to financial matters, the chief financial officer, chief accounting officer or treasurer of such Person. Unless otherwise qualified, all references to a
“Responsible Officer” shall refer to a Responsible Officer of Parent. 
 “Restricted Asset Sale
Proceeds”: in respect of a Foreign Asset Sale, an amount equal to the Net Cash Proceeds attributable thereto if and solely to the extent that the repatriation of such Net Cash Proceeds to any Group Member, or the inclusion of such Net Cash
Proceeds in the calculation of Net Cash Proceeds for purposes of calculating any prepayment requirement under Section 2.14(b) (a) would result in material adverse Tax consequences to Parent or any Subsidiary of Parent, as reasonably
determined by Parent or (b) would be prohibited or restricted by applicable law, rule or regulation, in each case as determined in good faith by Parent. 

“Restricted ECF”: with respect to any Excess Cash Flow Period, an amount equal to the unrepatriated Excess
Cash Flow attributable to any Foreign Subsidiary if and solely to the extent that the repatriation of such attributable Excess Cash Flow to any Group Member, or the inclusion of such Excess Cash Flow in Excess Cash Flow for purposes of calculating
any prepayment requirement under Section 2.14(c) (a) would result in adverse Tax consequences to Parent or any Subsidiary of Parent of more than a de minimis amount, as reasonably determined by Parent or (b) would be prohibited or
restricted by applicable law, rule or regulation, in each case, as determined in good faith by Parent. 

“Restricted Payments”: as defined in Section 6.6. 

“Restricted Recovery Event Proceeds”: in respect of a Foreign Recovery Event, an amount equal to the Net Cash
Proceeds attributable thereto if and solely to the extent that the repatriation of such Net Cash Proceeds, or the inclusion of such Net Cash Proceeds in the calculation of Net Cash Proceeds for purposes of calculating any prepayment requirement
under Section 2.14(b) (a) would result in material adverse Tax consequences to Parent or any Subsidiary of Parent, as reasonably determined by Parent or (b) would be prohibited or restricted by applicable law, rule or regulation, in
each case as determined in good faith by Parent. 
 “Restricted Subsidiary”: any Subsidiary of Parent other
than an Unrestricted Subsidiary. For the avoidance of doubt, each Borrower (other than Parent) is as of the date hereof and shall remain for all purposes of this Agreement a Restricted Subsidiary. 

“Retained Asset Sale Proceeds”: as defined in Section 2.14(b). 

  
 54 

 “Return Bid”: as defined in Section 2.12(f)(ii). 

“Returns”: with respect to any Investment, any dividends, interest, distributions, return of capital and
other amounts received or realized in respect of such Investment. 
 “Revaluation Date”: (a) with respect
to any Revolving Credit Loan, each of the following: (i) each date of a Borrowing of a Eurodollar Loan denominated in an Alternative Currency, (ii) each date of a continuation of a Eurodollar Loan denominated in an Alternative Currency
pursuant to Section 2.9, and (iii) such additional dates as the Revolver Administrative Agent shall determine or the Required Revolving Lenders shall require; and (b) with respect to any Letter of Credit, each of
the following: (i) each date of issuance of a Letter of Credit denominated in an Alternative Currency, (ii) each date of an amendment of any such Letter of Credit having the effect of increasing the amount thereof, (iii) each date of
any payment by the applicable Issuing Bank under any Letter of Credit denominated in an Alternative Currency and (iv) such additional dates as the Revolver Administrative Agent or the applicable Issuing Bank shall determine or the Required
Revolving Lenders shall require. 
 “Revolver Administrative Agent”: as defined in the preamble hereto.

 “Revolver Borrowers”: as defined in the preamble hereto. 

“Revolving Commitment Fee Rate”: the rate per annum equal to 0.50% on the undrawn portion of
the Revolving Credit Commitments (excluding any Revolving Credit Commitments of Defaulting Lenders, except to the extent such Revolving Credit Commitments are reallocated to Lenders that are not Defaulting Lenders). 

“Revolving Credit Borrowing”: a Borrowing comprised of Revolving Credit Loans. 

“Revolving Credit Commitments” as to any Revolving Credit Lender, the obligation of such Revolving Credit
Lender, if any, to make Revolving Credit Loans pursuant to Section 2.4(a), and to participate in Letters of Credit pursuant to Section 2.7, expressed as an amount representing the maximum aggregate permitted amount of such Revolving Credit
Lender’s Revolving Credit Exposure hereunder, in an aggregate principal and/or face amount not to exceed the amount set forth under the heading “Revolving Credit Commitment” opposite such Revolving Credit Lender’s name on
Schedule 2.1, or, as the case may be, in the Assignment and Assumption pursuant to which such Revolving Credit Lender became a party hereto, in each case as the same may be changed from time to time pursuant to the terms hereof. The original
aggregate amount of the total Revolving Credit Commitments on the Closing Date is $250.0 million. 
 “Revolving
Credit Exposure”: at any time, with respect to any Lender, the sum of such Lender’s Revolving Credit Loans and its LC Exposure at such time. 

“Revolving Credit Facility”: as defined in the definition of “Facility” and including, as
appropriate, any Extensions thereof and any Replacement Revolving Credit Facility. 
 “Revolving Credit
Lender”: each Lender that has a Revolving Credit Commitment or that is the holder of Revolving Credit Loans. 

  
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 “Revolving Credit Loan”: a Loan made by a Revolving Credit
Lender pursuant to Section 2.4. Each Revolving Credit Loan shall be a Eurodollar Loan or an ABR Loan. 

“Revolving Credit Maturity Date”: with respect to (a) Revolving Credit Commitments (including, for the
avoidance of doubt, any Incremental Revolving Increases) that have not been extended pursuant to Section 2.25, August 16, 2023; provided that “Revolving Credit Maturity Date” with respect to the Revolving Commitments shall mean
the date that is 182 days prior to the scheduled maturity date of the 2014 Convertible Notes if (i) the aggregate principal amount of the 2014 Convertible Notes outstanding on such date exceeds $350.0 million and (ii) either (x) the
First Lien Net Leverage Ratio as of such date is greater than 1.50:1.00 or (y) the Total Net Leverage Ratio as of such date is greater than 3.50:1.00, (b) with respect to Extended Revolving Credit Commitments, the final maturity date therefor
as specified in the applicable Extension Offer accepted by the respective Revolving Credit Lender or Revolving Credit Lenders and (c) with respect to any commitments under a Replacement Revolving Credit Facility, the final maturity date
therefor specified in the applicable Replacement Facility Amendment. 
 “Sanctioned Countries” means, at
any time, a country or territory which is itself the subject or target of any Sanctions (at the time of this Agreement, the Crimea region of Ukraine, Cuba, Iran, North Korea and Syria). 

“Sanctioned Person” means, at any time, any Person that is the target of Sanctions, including (a) any
Person listed in any Sanctions-related list of designated Persons maintained by the Office of Foreign Assets Control of the U.S. Department of the Treasury (“OFAC”) or the U.S. Department of State, by the United Nations Security Council,
the European Union, Her Majesty’s Treasury of the United Kingdom or other relevant Governmental Authority, (b) any Person operating from, organized, or resident in a Sanctioned Country, or (c) any Person 50% or more owned or, where
relevant under applicable Sanctions, controlled by any such Person or Persons or acting for or on behalf of such Person or Persons. 

“Sanctions” means economic or financial sanctions or trade embargoes imposed, administered or enforced from
time to time by relevant Governmental Authorities, including, but not limited those administered by the U.S. government through OFAC, or the U.S. Department of State, the United Nations Security Council, the European Union or Her Majesty’s
Treasury of the United Kingdom. 
 “S&P”: Standard & Poor’s Ratings Group, a division of
The McGraw Hill Corporation. 
 “Sale and Leaseback Transaction”: as defined in Section 6.10. 

“SEC”: the Securities and Exchange Commission (or successors thereto or an analogous Governmental Authority).

 “Secured Parties”: collectively, the Administrative Agents, the Collateral Agent, the Lenders, the
Issuing Banks, each Qualified Counterparty, each co-agent or sub-agent appointed by an Agent from time to time pursuant to Section 8.2, the Indemnitees and the
other Persons the 

  
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Obligations owing to which are or are purported to be secured by the Collateral under the terms of the Collateral Documents. 

“Securities Act”: the Securities Act of 1933. 

“Security Agreement”: the Security Agreement among HII, the Term Loan Borrower and each Guarantor that is a
Domestic Subsidiary, substantially in the form of Exhibit A. 
 “Senior Notes”: the unsecured senior
notes of HII and the TL Borrower due 2026 in an aggregate principal amount of $400.0 million issued on or prior to the Closing Date pursuant to the Senior Notes Indenture. 

“Senior Notes Indenture”: the Indenture dated as of the Closing Date, relating to the Senior Notes, among HII
and the TL Borrower, as co-issuers, MUFG Union Bank, N.A., as trustee, the Guarantors from time to time party thereto (as defined therein), together with all instruments and other agreements in connection
therewith, as amended, supplemented or otherwise modified from time to time in accordance with the terms thereof, to the extent not prohibited under the Loan Documents. 

“Senior Pari Passu Intercreditor Agreement”: a pari passu intercreditor agreement between or
among the Agents and one or more Senior Representatives for holders of Indebtedness secured by any of the Collateral on an equal priority basis with the Obligations substantially in the form of
Exhibit F-2 hereto. 
 “Senior/Junior Intercreditor
Agreement”: an intercreditor agreement substantially in the form of Exhibit F-1 hereto. 

“Senior Representative”: with respect to any series of Permitted Pari Passu Secured Refinancing Debt or
Permitted Junior Secured Refinancing Debt, Incremental Equivalent Debt or other Indebtedness permitted to be secured by the Collateral under this Agreement, the trustee, administrative agent, collateral agent, security agent or similar agent under
the indenture or agreement pursuant to which such Indebtedness is issued, incurred or otherwise obtained, as the case may be, and each of their successors in such capacities. 

“Single Employer Plan”: any Plan that is covered by Title IV of ERISA, but which is not a Multiemployer Plan.

 “Solvent”: with respect to any Person, as of any date of determination, (a) the fair value of the
assets of such Person exceeds the amount of all debts and liabilities of such Person, subordinated, contingent or otherwise; (b) the present fair saleable value of the property of such Person is greater than the amount that will be required to
pay the probable liability of the debts and other liabilities of such Person, subordinated, contingent or otherwise, as such debts and other liabilities become absolute and matured; (c) such Person has not incurred and does not intend to incur,
or believe that it will incur, debts or other liabilities, including current obligations, beyond its ability to pay such debts or other liabilities as they become due (whether at maturity or otherwise); (d) such Person is not engaged in, and is not
about to be engaged in, business for which it has unreasonably small capital; and (e) in respect of a Luxembourg Loan Party, such Person is 

  
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not in a state of cessation of payments (cessation de paiements) and has not lost its commercial creditworthiness. For purposes of this definition, (i) “debt” means
liability on a “claim”, and (ii) “claim” means any (x) right to payment, whether or not such a right is reduced to judgment, liquidated, unliquidated, fixed, contingent, matured, unmatured, disputed, undisputed, legal,
equitable, secured or unsecured or (y) right to an equitable remedy for breach of performance if such breach gives rise to a right to payment, whether or not such right to an equitable remedy is reduced to judgment, fixed, contingent, matured
or unmatured, disputed, undisputed, secured or unsecured. For purposes of this definition, the amount of any contingent, unliquidated and disputed claim and any claim that has not been reduced to judgment at any time shall be computed as the amount
that, in light of all the facts and circumstances existing at such time, represents the amount that can reasonably be expected to become an actual or matured liability. 

“Special Notice Currency”: at any time an Alternative Currency, other than the currency of a country that is
a member of the Organization for Economic Cooperation and Development at such time located in North America or Europe. 

“Specified Change of Control”: a “Change of Control” or like event as defined in the agreement or
agreements governing any Material Debt. 
 “Specified Event of Default”: any Event of Default under
Section 7.1(a) or 7.1(f). 
 “Specified Hedge Agreements”: any Hedge Agreement entered into or assumed
by any Loan Party and any Qualified Counterparty and designated by the Qualified Counterparty and the Borrowers in writing to the Collateral Agent as a “Specified Hedge Agreement”. 

“Specified Prepayment”: as defined in Section 6.8. 

“Specified Representations”: the representations and warranties with respect to the Borrowers and the
Guarantors set forth in this Agreement under (i) Section 3.3(a); (ii) the first two sentences and the last two sentences of Section 3.4; (iii) Section 3.5 (but only in respect of violations or defaults under Organizational
Documents of the Loan Parties); (iv) Section 3.10; (v) Section 3.12; (vi) Section 3.17(a), (c) and (d) (subject to (x) Permitted Liens and (y) in the case of priority, any Senior Pari Passu Intercreditor Agreement, any
Senior/Junior Intercreditor Agreement and any other intercreditor arrangements required to be entered into pursuant to this Agreement); (vii) Section 3.18; and (viii) Section 3.19. 

“Specified Sale and Leaseback Transaction”: as defined in Section 6.10. 

“Spot Rate”: for a currency means the rate determined by the Revolver Administrative Agent or the applicable
Issuing Bank, as applicable, to be the rate quoted by the Person acting in such capacity as the spot rate for the purchase by such Person of such currency with another currency through its principal foreign exchange trading office at approximately
8:00 a.m. on the date two Business Days prior to the date as of which the foreign exchange computation is made; provided that the Revolver Administrative Agent or the applicable Issuing Bank may obtain such spot rate from another financial
institution designated by the Revolver Administrative Agent or the applicable Issuing Bank if the Person acting in such capacity does not have as of the date of 

  
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determination a spot buying rate for any such currency; and provided further that the applicable Issuing Bank may use such spot rate quoted on the date as of which the foreign
exchange computation is made in the case of any Letter of Credit denominated in an Alternative Currency. 

“Statutory Reserve Rate”: a fraction (expressed as a decimal), the numerator of which is the number one and
the denominator of which is the number one minus the aggregate of the maximum reserve percentage (including any marginal, special, emergency or supplemental reserves) expressed as a decimal established by the Board to which the applicable
Administrative Agent is subject with respect to the Adjusted LIBO Rate, for eurocurrency funding (currently referred to as “Eurodollar Liabilities” in Regulation D of the Board). Such reserve percentage shall include those imposed pursuant
to such Regulation D. Eurodollar Loans shall be deemed to constitute eurocurrency funding and to be subject to such reserve requirements without benefit of or credit for proration, exemptions or offsets that may be available from time to time to any
Lender under such Regulation D or any comparable regulation. The Statutory Reserve Rate shall be adjusted automatically on and as of the effective date of any change in any reserve percentage. 

“Subject Class”: as defined in Section 2.12(f)(i). 

“Subsequent Required Guarantor”: as defined in Section 5.9(c). 

“Subsidiary”: as to any Person, a corporation, partnership, limited liability company or other entity of
which shares of stock or other ownership interests having ordinary voting power (other than stock or such other ownership interests having such power only by reason of the happening of a contingency) to elect a majority of the Board of Directors of
such corporation, partnership or other entity are at the time owned, or the management of which is otherwise controlled, directly or indirectly, through one or more intermediaries, or both, by such Person. Unless otherwise qualified, all references
to a “Subsidiary” or to “Subsidiaries” in this Agreement shall refer to a Subsidiary or Subsidiaries of Parent. 

“Subsidiary Guarantor”: each Subsidiary of Parent, other than any Borrower or an Excluded Subsidiary (but
including any Discretionary Guarantor). 
 “Surety Bonds”: surety bonds for which any Group Member is
liable that were obtained to secure performance commitments of any Group Member. 
 “Swap Obligation”: with
respect to any Loan Party, any obligation to pay or perform under any agreement, contract or transaction that constitutes a “swap” within the meaning of section 1a(47) of the Commodity Exchange Act. 

“Syndication Agent”: Jefferies, Rabobank, Citizens, Citi, Fifth Third, Mizuho, Capital One, National
Association and Comerica Securities as syndication agents for the the Facilities. 
 “Taxes”: any and all
present or future taxes, levies, imposts, duties, deductions, withholdings (including backup withholdings), assessments, fees or other charges imposed by any Governmental Authority, including any interest, additions to tax or penalties applicable
thereto. 
 “Term Borrowing”: any Borrowing of Term Loans. 

  
 59 

 “Term A Loan”: as defined in Section 2.1. 

“Term Loan A Agent”: as defined in the preamble hereto. 

“Term Loan A Commitment”: as to any Lender, the obligation of such Lender, if any, to make a Term A Loan to
the Term Loan Borrower hereunder in a principal amount not to exceed the amount set forth under the heading “Term Loan A Commitment” opposite such Lender’s name on Schedule 2.1. The original aggregate amount of the Term Loan A
Commitments as of the Closing Date is $250.0 million. 
 “Term Loan A Facility”: as defined in the
definition of “Facility”. 
 “Term Loan A Installment Date”: as defined in Section 2.3. 

“Term Loan A Lenders”: each Lender that has a Term Loan A Commitment or is the holder of a Term A Loan. 

“Term Loan A Maturity Date”: August 16, 2023; provided that “Term Loan A Maturity Date” with
respect to Term A Loans shall mean the date that is 182 days prior to the scheduled maturity date of the 2014 Convertible Notes if (i) the aggregate principal amount of the 2014 Convertible Notes outstanding on such date exceeds
$350.0 million and (ii) either (x) the First Lien Net Leverage Ratio as of such date is greater than 1.50:1.00 or (y) the Total Net Leverage Ratio as of such date is greater than 3.50:1.00. 

“Term Loan A Percentage”: with respect to any Lender on any Term Loan A Installment Date, the percentage
which the aggregate principal amount of such Lender’s Term A Loans then outstanding and subject to repayment pursuant to Section 2.3 on such date constitutes of the aggregate principal amount of the Term A Loans of all Term Loan A Lenders
then outstanding and subject to repayment pursuant to Section 2.3 on such date. 
 “Term Loan Administrative
Agents”: as defined in the preamble hereto. 
 “Term B Loan”: as defined in Section 2.1. 

“Term Loan B Agent”: as defined in the preamble hereto. 

“Term Loan B Commitment”: as to any Lender, the obligation of such Lender, if any, to make a Term B Loan to
the Term Loan Borrower hereunder in a principal amount not to exceed the amount set forth under the heading “Term Loan B Commitment” opposite such Lender’s name on Schedule 2.1. The original aggregate amount of the Term Loan B
Commitments as of the Closing Date is $750.0 million. 
 “Term Loan B Facility”: as defined in the
definition of “Facility”. 
 “Term Loan B Installment Date”: as defined in Section 2.3. 

  
 60 

 “Term Loan B Lenders”: each Lender that has a Term Loan B
Commitment or is the holder of a Term B Loan. 
 “Term Loan B Maturity Date”: August 18, 2025;
provided that “Term Loan B Maturity Date” with respect to Term B Loans shall mean the date that is (A) 91 days prior to the scheduled maturity date of the 2014 Convertible Notes if (i) the aggregate principal amount of the 2014
Convertible Notes outstanding on such date exceeds $350.0 million and (ii) either (x) the First Lien Net Leverage Ratio as of such date is greater than 1.50:1.00 or (y) the Total Net Leverage Ratio as of such date is greater than
3.50:1.00 or (B) 91 days prior to the scheduled maturity date of the 2018 Convertible Notes if (i) the aggregate principal amount of the 2018 Convertible Notes outstanding on such date exceeds $350.0 million and (ii) either (x) the
First Lien Net Leverage Ratio as of such date is greater than 1.50:1.00 or (y) the Total Net Leverage Ratio as of such date is greater than 3.50:1.00. 

“Term Loan B Percentage”: with respect to any Lender on any Term Loan B Installment Date, the percentage
which the aggregate principal amount of such Lender’s Term B Loans then outstanding and subject to repayment pursuant to Section 2.3 on such date constitutes of the aggregate principal amount of the Term B Loans of all Term Loan B Lenders
then outstanding and subject to repayment pursuant to Section 2.3 on such date. 
 “Term Loan
Borrower” as defined in the preamble hereto. 
 “Term Loan Borrower Obligations Guaranty”: the
Guaranty, dated as of the Closing Date, made by the Parent and its Restricted Subsidiaries that are Loan Parties (other than (i) the Term Loan Borrower and (ii) any such Restricted Subsidiaries that are Excluded U.S. Guarantors pursuant to
clause (b) of the definition thereof) in favor of the Collateral Agent, for the benefit of the Secured Parties, as the same may be amended, restated, supplemented or otherwise modified from time to time. 

“Term Loan Facility”: the Term Loan A Facility, the Term Loan B Facility, an Incremental Term Loan A
Facility, an Incremental Term Loan B Facility or a Replacement Facility consisting of Term Loans. 
 “Term
Loans”: Term A Loans, Term B Loans as well as any term loans made pursuant to this Agreement (including for the avoidance of doubt, any Incremental Term A Loans, Incremental Term B Loans, Replacement Term Loans and Extended Term Loans, if
any). 
 “Term Loan Lender”: any Lender that is the holder of Term Loans. 

“Test Period”: on any date of determination, the period of four consecutive fiscal quarters of Parent then
most recently ended, taken as one accounting period. 
 “Total Leverage Ratio”: as of any date of
determination, the ratio of (a) Consolidated Total Debt on such day to (b) Consolidated EBITDA of Parent and its Restricted Subsidiaries for the Relevant Reference Period. 

  
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 “Total Net Leverage Ratio”: as of any date of
determination, the ratio of (a) Consolidated Total Net Debt on such day to (b) Consolidated EBITDA of Parent and its Restricted Subsidiaries for the Relevant Reference Period. 

“Total Revolving Credit Commitments”: at any time, the aggregate amount of the Revolving Credit Commitments
then in effect. 
 “Total Revolving Credit Exposure”: at any time, the aggregate amount of the Revolving
Credit Exposure of all Revolving Credit Lenders outstanding at such time. 
 “Transaction Costs”: all fees
(including original issue discount), costs and expenses incurred by any Group Member in connection with the Transactions. 

“Transactions”: the collective reference to (a) the execution, delivery and performance by the Borrowers
and each other Loan Party of this Agreement and each other Loan Document required to be delivered hereunder, the borrowing of Loans, the use of the proceeds thereof and the issuance of Letters of Credit hereunder, (b) the Refinancing and
(c) the payment of the Transaction Costs. 
 “Type”: when used in reference to any Loan or Borrowing,
refers to whether the rate of interest on such Loan, or on the Loans comprising such Borrowing, is determined by reference to the Adjusted LIBO Rate or the Alternate Base Rate. 

“UCC” or “Uniform Commercial Code”: the Uniform Commercial Code as the same may from time to
time be in effect in the State of New York or the Uniform Commercial Code (or similar code or statute) of another jurisdiction, to the extent it may be required to apply to any item or items of Collateral. 

“UCP” means, with respect to any Letter of Credit, the Uniform Customs and Practice for Documentary Credits,
International Chamber of Commerce (“ICC”) Publication No. 600 (or such later version thereof as may be in effect at the time of issuance). 

“United States” and “US”: the United States of America. 

“Unrestricted Cash”: as of any date of determination, the aggregate amount of all cash and Cash Equivalents
on the consolidated balance sheet of the Group Members that is not “restricted” for purposes of GAAP; provided, however, that the aggregate amount of Unrestricted Cash shall not (i) exceed $250.0 million,
(ii) include any cash or Cash Equivalents that are subject to a Lien (other than any Lien in favor of the Collateral Agent or in favor of the institution holding such cash or Cash Equivalents so long as not securing Indebtedness for borrowed
money) or (iii) include any cash or Cash Equivalents that are restricted by contract, law or material adverse tax consequences from being applied to repay any Funded Debt. 

“Unrestricted Subsidiary”: any Subsidiary of Parent (other than any other Borrower or the direct parent
company of any Borrower) designated by the Board of Directors of Parent as an Unrestricted Subsidiary pursuant to Section 5.13 subsequent to the date hereof, until such Person ceases to be an Unrestricted Subsidiary of Parent in accordance with
Section 5.13. For the 

  
 62 

 
avoidance of doubt, no Subsidiary will be an Unrestricted Subsidiary unless it is also an Unrestricted Subsidiary under the Senior Notes Indenture. 

“US Dollar Equivalent”: on any date of determination, (a) with respect to any amount
in US Dollars, such amount, and (b) with respect to any amount in a Foreign Currency, the equivalent in US Dollars of such amount, determined by the applicable Administrative Agent using the Exchange Rate with respect to such Foreign Currency
at the time in effect for such amount. 
 “US Dollars” and “$”: lawful currency of the
United States. 
 “US IP Security Agreements”: the collective reference to each Intellectual Property
Security Agreement required to be entered into and delivered pursuant to the terms of this Agreement and the Security Agreement, in each case, in substantially the form of Exhibits A, B and C to the Security Agreement. 

“US Loan Party”: any Loan Party that is a US Person. 

“US Person”: any Person that is a “United States person” as defined in Section 7701(a)(30) of
the Code. 
 “US Tax Compliance Certificate”: as defined in Section 2.19(e)(ii)(B)(3). 

“Weighted Average Life to Maturity”: when applied to any Indebtedness at any date, the number of years
obtained by dividing: (a) the sum of the products obtained by multiplying (i) the amount of each then remaining installment, sinking fund, serial maturity or other required payments of principal (excluding nominal amortization), including
payment at final maturity, in respect thereof, by (ii) the number of years (calculated to the nearest one-twelfth) that will elapse between such date and the making of such payment; by (b) the then
outstanding principal amount of such Indebtedness. 
 “Wholly Owned Subsidiary”: as to any Person, any
other Person all of the Capital Stock of which (other than (a) directors’ qualifying shares and (b) nominal shares issued to foreign nationals to the extent required by applicable Requirements of Law) is owned by such Person directly
and/or through other Wholly Owned Subsidiaries. 
 “Withholding Agent”: any Loan Party or the applicable
Administrative Agent, as applicable. 
 “Write-Down and Conversion Powers”: with respect to any EEA
Resolution Authority, the write-down and conversion powers of such EEA Resolution Authority from time to time under the Bail-In Legislation for the applicable EEA Member Country, which write-down and
conversion powers are described in the EU Bail-In Legislation Schedule. 

1.2        Other Definitional Provisions. 

  
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 (a)       Unless otherwise
specified therein, all terms defined in this Agreement shall have the defined meanings when used in the other Loan Documents or any certificate or other document made or delivered pursuant hereto or thereto. 

(b)       As used herein and in the other Loan Documents, unless otherwise
specified herein or in such other Loan Document: 
 (i)        the words
“hereof”, “herein” and “hereunder” and words of similar import when used in any Loan Document shall refer to such Loan Documents as a whole and not to any particular provision of thereof; 

(ii)       Section, Schedule and Exhibit references refer to (A) the
appropriate Section, Schedule or Exhibit in this Agreement or (B) to the extent such references are not present in this Agreement, to the Loan Document in which such reference appears; 

(iii)      the words “include”, “includes” and
“including” shall be deemed to be followed by the phrase “without limitation”; 

(iv)      the word “will” shall be construed to have the same meaning and
effect as the word “shall”; 
 (v)       the word “incur”
shall be construed to mean incur, create, issue, assume or become liable in respect of or suffer to exist (and the words “incurred” and “incurrence” shall have correlative meanings); 

(vi)      unless the context requires otherwise, the word “or” shall be
construed to mean “and/or”; 
 (vii)     unless the context requires
otherwise, (A) any reference to any Person shall be construed to include such Person’s legal successors and permitted assigns, (B) any reference to any law or regulation shall refer to such law or regulation as amended, modified or
supplemented from time to time, and any successor law or regulation, (C) the words “asset” and “property” shall be construed to have the same meaning and effect, and (D) references to agreements (including this
Agreement) or other Contractual Obligations shall be deemed to refer to such agreements or Contractual Obligations as amended, restated, amended and restated, supplemented or otherwise modified from time to time (in each case, to the extent not
otherwise prohibited hereunder); and 
 (viii)   capitalized terms not otherwise defined herein
and that are defined in the UCC shall have the meanings therein described. 

(c)       In the computation of periods of time from a specified date to a
later specified date, the word “from” means “from and including;” the words “to” and “until” each mean “to but excluding” and the word “through” means “to and including”. 

  
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 (d)       The meanings given
to terms defined herein shall be equally applicable to both the singular and plural forms of such terms. 

(e)       The expressions “payment in full”, “paid in full”
and any other similar terms or phrases when used herein with respect to the Obligations shall mean the Discharge of Secured Obligations. 

(f)       The expression “refinancing” and any other similar terms or
phrases when used herein shall include any exchange, refunding, renewal, replacement, defeasance, discharge or extension. 

(g)       Notwithstanding anything to the contrary contained in this Agreement
or the other Loan Documents, if the LIBO Rate is not available at any time for any reason, then the LIBO Rate for such Interest Period shall be a comparable or successor floating rate that is, at such time, (x) broadly accepted by the
syndicated loan market for loans denominated in Dollars in lieu of the LIBO Rate as determined by the applicable Administrative Agent with the consent of the Borrowers, or (y) if no such broadly accepted comparable successor rate exists at such
time, a successor index rate as the applicable Administrative Agent may determine with the consent of the Borrowers; provided that, in the case of clause (y), any such successor rate shall become effective at 5:00 p.m. (New York City time) on
the fifth Business Day after such Administrative Agent shall have posted such proposed successor rate to all Lenders unless, prior to such time, Lenders comprising the Required Lenders have delivered to such Administrative Agent written notice that
such Required Lenders do not accept such amendment; provided further that (i) any such successor rate shall be applied by such Administrative Agent in a manner consistent with market practice and (ii) to the extent such market
practice is not administratively feasible for such Administrative Agent, such successor rate shall be applied in a manner as otherwise reasonably determined by such Administrative Agent in consultation with the Borrowers. 

Without prejudice to the generality of any provision of this Agreement, to the extent this Agreement relates to a Luxembourg
Loan Party, a reference to: (i) a winding-up, administration or dissolution includes, without limitation, bankruptcy (faillite), insolvency, liquidation, composition with creditors (concordat
préventif de la faillite), moratorium or reprieve from payment (sursis de paiement), controlled management (gestion contrôlée), general settlement with creditors,
reorganization or similar laws affecting the rights of creditors generally; (ii) a receiver, administrative receiver, administrator, trustee, custodian, sequestrator, conservator or similar officer appointed for the reorganization or
liquidation of the business of a person includes, without limitation, a juge délégué, commissaire, juge-commissaire, mandataire ad hoc, administrateur
provisoire, liquidateur or curateur; (iii) a lien or security interest includes any hypothèque, nantissement, gage, privilège, sûreté
réelle, droit de rétention and any type of security in rem (sûreté réelle) or agreement or arrangement having a similar effect and any
transfer of title by way of security; (iv) creditors process means an executory attachment (saisie exécutoire) or conservatory attachment (saisie conservatoire); (v) a guarantee includes any garantie
which is independent from the debt to which it relates and excludes any suretyship (cautionnement) within the meaning of Articles 2011 and seq. of the Luxembourg Civil Code; (vi) by-laws or

  
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constitutional documents includes its up-to-date (restated) articles of association (statuts
coordonnés); and (vii) a director or a manager includes an administrateur or a gérant. 

1.3         Classification of Loans and Borrowings. For purposes of this
Agreement, Loans may be classified and referred to by Class (e.g., a “Revolving Credit Loan”, “Term A Loan”, “Term B Loan”, “Term Loan” or “Extended Term Loan”) or by Type (e.g., a “Eurodollar
Loan”) or by Class and Type (e.g., a “Eurodollar Term Loan”). Borrowings also may be classified and referred to by Class (e.g., a “Revolving Credit Borrowing” or a “Term Loan Borrowing”) or by Type (e.g., a
“Eurodollar Borrowing”) or by Class and Type (e.g., a “Eurodollar Term Loan Borrowing”). Any reference to a merger, transfer, consolidation, amalgamation, consolidation, assignment, sale or transfer, or similar term, set
forth herein shall be deemed to apply to a division of or by a limited liability company, or an allocation of assets to a series of a limited liability company, as if it were a merger, transfer, consolidation, amalgamation, consolidation,
assignment, sale or transfer, or similar term, as applicable. 
 1.4        
Accounting Terms; GAAP. Except as otherwise expressly provided herein, all terms of an accounting or financial nature shall be construed in accordance with GAAP, as in effect from time to time (provided, that (i) notwithstanding
anything to the contrary herein, all accounting or financial terms used herein shall be construed, and all financial computations pursuant hereto shall be made, without giving effect to any election under Statement of Financial Accounting Standards
159 (or any other Financial Accounting Standard having a similar effect) to value any Indebtedness or other liabilities of Parent or any Subsidiary at “fair value”, as defined therein, and (ii) for purposes of determinations of the
First Lien Net Leverage Ratio, the Total Leverage Ratio, the Total Net Leverage Ratio and the Fixed Charge Ratio, GAAP shall be construed as in effect on the Closing Date). In the event that any Accounting Change shall occur and such
change results in a change in the method of calculation of financial covenants, standards or terms in this Agreement, then upon the written request of Parent or the applicable Administrative Agent, Parent, the applicable Administrative Agent and the
Lenders shall enter into good faith negotiations in order to amend such provisions of this Agreement so as to equitably reflect such Accounting Change with the desired result that the criteria for evaluating the Parent’s financial condition
shall be the same after such Accounting Change as if such Accounting Change had not occurred; provided, that such Accounting Change shall be disregarded for purposes of this Agreement until the effective date of such amendment.
“Accounting Change” refers to (i) any change in accounting principles required by the promulgation of any rule, regulation, pronouncement or opinion by the Financial Accounting Standards Board of the American Institute of
Certified Public Accountants, (ii) the adoption by Parent of IFRS or (iii) any change in the application of accounting principles adopted by Parent from time to time which change in application is permitted by GAAP. Notwithstanding
anything to the contrary above or in the definitions of Capital Lease Obligations or Capital Expenditures, in the event of a change under GAAP (or the application thereof) requiring all or certain operating leases to be capitalized, only those
leases that would result in Capital Lease Obligations or Capital Expenditures on the Closing Date (assuming for purposes hereof that they were in existence on the Closing Date) hereunder shall be considered capital leases hereunder and all
calculations and deliverables under this Agreement or any other Loan Document shall be made in accordance therewith. 

  
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 1.5         Pro Forma
Calculations. (a) Notwithstanding anything to the contrary herein, the Fixed Charge Coverage Ratio, the First Lien Net Leverage Ratio and the Total Net Leverage Ratio shall be calculated in the manner prescribed by this Section 1.5;
provided, that notwithstanding anything to the contrary in clause (b) or (c) of this Section 1.5, when calculating Total Net Leverage Ratio for the purposes of the ECF Percentage of Excess Cash Flow, the events described in
this Section 1.5 that occurred subsequent to the end of the applicable Test Period, other than consummation of the Transactions, shall not be given pro forma effect. 

(b)       For purposes of calculating the First Lien Net Leverage Ratio, Total
Net Leverage Ratio, Total Leverage Ratio and the Fixed Charge Coverage Ratio, Pro Forma Transactions (and the incurrence or repayment of any Indebtedness in connection therewith) that have been made (i) during the Relevant Reference Period or
(ii) subsequent to such period and prior to or simultaneously with the event with respect to which the calculation of any such ratio is being made shall be calculated on a pro forma basis assuming that all such Pro Forma
Transactions (and any increase or decrease in Consolidated EBITDA and the component financial definitions used therein attributable to any Pro Forma Transaction) had occurred on the first day of the Relevant Reference Period (it being understood and
agreed that Consolidated Interest Expense of such Person attributable to interest on any Indebtedness bearing floating interest rates, for which pro forma effect is being given, shall be computed on a pro forma basis as
if the rates that would have been in effect during the period for which pro forma effect is being given had been actually in effect during such periods). If since the beginning of any Relevant Reference Period any Person that
subsequently became a Restricted Subsidiary or was merged, amalgamated or consolidated with or into Parent or any of its Restricted Subsidiaries since the beginning of Relevant Reference Period shall have made any Pro Forma Transaction that would
have required adjustment pursuant to this Section 1.5, then the First Lien Net Leverage Ratio, Total Net Leverage Ratio and Total Leverage Ratio shall be calculated to give pro forma effect thereto in accordance with this
Section 1.5. 
 (c)       In addition, for purposes of calculating the
Fixed Charge Coverage Ratio, (1) the Consolidated EBITDA attributable to discontinued operations, as determined in accordance with GAAP, and operations or businesses (and ownerships therein) disposed of prior to the date of calculation, shall
be excluded; and (2) the Fixed Charges attributable to discontinued operations, as determined in accordance with GAAP, and operations or businesses (and ownership interests) disposed of prior to the date of calculation, shall be excluded, but
only to the extent that the obligations giving rise to such Fixed Charges will not be obligations of the specified Person or any of its Restricted Subsidiaries following the date of calculation. 

(d)       Whenever pro forma effect is to be given to a Pro Forma
Transaction, the pro forma calculations shall be made in good faith by a Responsible Officer of Parent and shall include, without duplication, adjustment for the Consolidated EBITDA (as determined in good faith by Parent) represented
by any Person or line of business acquired or disposed of and for the avoidance of doubt, any adjustments relating to Pro Forma Transactions provided for under clause (a)(x) of the definition of Consolidated EBITDA. 

1.6         Classification of Permitted Items. 

  
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 (a)       For purposes of
determining compliance at any time with Sections 6.2, 6.3, 6.5, 6.6, 6.7, 6.8, 6.11 or 6.12, in the event that any Lien, Investment, Indebtedness, Disposition, Restricted Payment, Contractual Obligation, encumbrance or restriction or payment,
prepayment, repurchase, redemption, defeasance or amendment, modification or other change in respect of Indebtedness meets the criteria of more than one of the categories of transactions permitted pursuant to any clause of such Sections 6.2,
6.3, 6.5, 6.6, 6.7, 6.8, 6.11 or 6.12, such transaction (or portion thereof) at any time shall be permitted under one or more of such clauses as determined by the Borrowers in their sole discretion at such time of determination. 

For purposes of determining compliance at any time with Section 6.7, any Investments made under Section 6.7(r) may
be reclassified, as Parent elects from time to time, as incurred under Section 6.7(l), in each case, so long as the ratios and other requirements of such clauses are satisfied as of the date of determination. 

(b)       Notwithstanding anything to the contrary herein, with respect to any
amounts incurred or transactions entered into (or consummated) in reliance on a provision of this Agreement that does not require compliance with a financial ratio (any such amounts or transactions, the “Fixed Amounts”)
substantially concurrently with any amounts incurred or transactions entered into (or consummated) in reliance on a provision of this Agreement that requires compliance with a financial ratio (including any First Lien Net Leverage Ratio test, any
Fixed Charge Coverage Ratio test any Total Leverage Ratio test or any Total Net Leverage Ratio test) (any such amounts, the “Incurrence-Based Amounts”), it is understood and agreed that the Fixed Amounts shall be disregarded in the
calculation of the financial ratio or test applicable to any substantially concurrent utilization of the Incurrence-Based Amounts. 

1.7         Rounding. Any financial ratios required to be satisfied in order
for a specific action to be permitted under this Agreement shall be calculated by dividing the appropriate component by the other component, carrying the result to one place more than the number of places by which such ratio is expressed herein and
rounding the result up or down to the nearest number (with a rounding-up if there is no nearest number). 

1.8         Currency Equivalents Generally. 

(a)       For purposes of determining compliance with Sections 6.2, 6.3
and 6.7 with respect to any amount of Indebtedness or Investment in a currency other than US Dollars, no Default shall be deemed to have occurred solely as a result of changes in rates of currency exchange occurring after the time such Indebtedness
or Investment is incurred, made or acquired (so long as such Indebtedness or Investment, at the time incurred, made or acquired, was permitted hereunder). 

(b)       For purposes of determining the First Lien Net Leverage Ratio, the
Total Leverage Ratio, the Total Net Leverage Ratio and the Fixed Charge Coverage Ratio, amounts denominated in a currency other than US Dollars will be converted to US Dollars at the currency exchange rates used in preparing Parent’s financial
statements corresponding to the Test Period with respect to the applicable date of determination and will, in the case of Indebtedness, reflect 

  
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the currency translation effects, determined in accordance with GAAP, of Hedge Agreements permitted hereunder for currency exchange risks with respect to the applicable currency in effect on the
date of determination of the US Dollar Equivalent of such Indebtedness. 

1.9           Exchange Rates; Currency Equivalents. 

(a)       The Revolver Administrative Agent or the applicable Issuing Bank, as applicable,
shall determine the Spot Rates as of each Revaluation Date to be used for calculating US Dollar Equivalent amounts of Borrowings and Letters of Credit denominated in Alternative Currencies. Such Spot Rates shall become effective as of such
Revaluation Date and shall be the Spot Rates employed in converting any amounts between the applicable currencies until the next Revaluation Date to occur. Except for purposes of financial statements delivered by Loan Parties hereunder or
calculating financial covenants hereunder or except as otherwise provided herein, the applicable amount of any currency (other than US Dollars) for purposes of the Loan Documents shall be such US Dollar Equivalent amount as so determined by the
Revolver Administrative Agent or the applicable Issuing Bank, as applicable. 
 (b)      
Wherever in this Agreement in connection with a Borrowing, conversion, continuation or prepayment of a Eurodollar Loan or the issuance, amendment or extension of a Letter of Credit, an amount, such as a required minimum or multiple amount, is
expressed in US Dollars, but such Borrowing, Eurodollar Loan or Letter of Credit is denominated in an Alternative Currency, such amount shall be the relevant Alternative Currency Equivalent of such US Dollar amount (rounded to the nearest unit
of such Alternative Currency, with 0.5 of a unit being rounded upward), as determined by the Revolver Administrative Agent or the applicable Issuing Bank, as the case may be. 

1.10         Additional Alternative Currencies. 

(a)       The Borrowers may from time to time request that Eurodollar Loans be made and/or
Letters of Credit be issued in a currency other than those specifically listed in the definition of “Alternative Currency;” provided that such requested currency is a lawful currency (other than US Dollars) that is readily available and
freely transferable and convertible into US Dollars. In the case of any such request with respect to the making of Eurodollar Loans, such request shall be subject to the approval of the Revolver Administrative Agent and all Revolving Credit Lenders;
and in the case of any such request with respect to the issuance of Letters of Credit, such request shall be subject to the approval of the Revolver Administrative Agent and the applicable Issuing Bank. 

(b)       Any such request shall be made to the Revolver Administrative Agent not later than
8:00 a.m., ten (10) Business Days prior to the date of the desired Borrowing or Letter of Credit issuance (or such other time or date as may be agreed by the Revolver Administrative Agent and, in the case of any such request pertaining to
Letters of Credit, the applicable Issuing Bank, in its or their sole discretion). In the case of any such request pertaining to Eurodollar Loans, the Revolver Administrative Agent shall promptly notify each Revolving Credit Lender thereof; and in
the case of any such request pertaining to Letters of Credit, the Revolver Administrative Agent shall promptly notify the Issuing Banks thereof. Each Revolving Credit Lender (in the case of any 

  
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such request pertaining to Eurodollar Loans) or the Issuing Banks (in the case of a request pertaining to Letters of Credit) shall notify the Revolver Administrative Agent, not later than 8:00
a.m., five (5) Business Days after receipt of such request whether it consents, in its sole discretion, to the making of Eurodollar Loans or the issuance of Letters of Credit, as the case may be, in such requested currency. 

(c)       Any failure by a Revolving Credit Lender or an Issuing Bank, as the case may be, to
respond to such request within the time period specified in the preceding sentence shall be deemed to be a refusal by such Lender or such Issuing Bank, as the case may be, to permit Eurodollar Loans to be made or to issue Letters of Credit in such
requested currency. If the Revolver Administrative Agent and all the Revolving Credit Lenders consent to making Eurodollar Loans in such requested currency, the Revolver Administrative Agent shall so notify the Revolver Borrowers and such currency
shall thereupon be deemed for all purposes to be an Alternative Currency hereunder for purposes of any Revolver Borrowings of Eurodollar Loans; and if the Revolver Administrative Agent and an Issuing Bank consent to the issuance of Letters of Credit
in such requested currency, the Revolver Administrative Agent shall so notify the Revolver Borrowers and such currency shall thereupon be deemed for all purposes to be an Alternative Currency hereunder for purposes of any Letter of Credit issuances
by such Issuing Bank. If the Revolver Administrative Agent shall fail to obtain consent to any request for an additional currency under this Section 1.10, the Revolver Administrative Agent shall promptly so notify the
Revolver Borrowers. 
 (d)       If, after the designation by the Revolving Credit Lenders of
any currency as an Alternative Currency, any change in currency controls or exchange regulations or any change in the national or international financial, political or economic conditions are imposed in the country in which such currency is issued,
result in, in the reasonable opinion of the Required Revolving Lenders (in the case of any Revolving Credit Loans to be denominated in an Alternative Currency) or any Issuing Bank (in the case of any Letter of Credit to be denominated in an
Alternative Currency), (i) such currency no longer being readily available, freely transferable and convertible into US Dollars, (ii) a US Dollar Equivalent is no longer readily calculable with respect to such currency,
(iii) providing such currency is impracticable for the Revolving Credit Lenders or (iv) no longer a currency in which the Required Revolving Lenders are willing to make such extensions of credit hereunder (each of (i), (ii), (iii), and
(iv) a “Disqualifying Event”), then the Revolver Administrative Agent shall promptly notify the Revolving Credit Lenders and the Revolver Borrowers, and such country’s currency shall no longer be an Alternative Currency
until such time as the Disqualifying Event(s) no longer exist. Within, five (5) Business Days after receipt of such notice from the Revolver Administrative Agent, the Revolver Borrowers shall repay all Revolving Credit Loans in such currency to
which the Disqualifying Event applies or convert such Revolving Credit Loans into the US Dollar Equivalent of Revolving Credit Loans in US Dollars, subject to the other terms contained herein. 

1.11         Change of Currency. 

(a)       Each obligation of the Borrowers to make a payment denominated in the national
currency unit of any member state of the European Union that adopts the Euro as its lawful currency after the date hereof shall be redenominated into Euro at the time of such adoption (in 

  
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accordance with the EMU Legislation). If, in relation to the currency of any such member state, the basis of accrual of interest expressed in this Agreement in respect of that currency shall be
inconsistent with any convention or practice in the London interbank market for the basis of accrual of interest in respect of the Euro, such expressed basis shall be replaced by such convention or practice with effect from the date on which such
member state adopts the Euro as its lawful currency; provided that if any Borrowing in the currency of such member state is outstanding immediately prior to such date, such replacement shall take effect, with respect to such Borrowing, at the
end of the then current Interest Period. 
 (b)       Each provision of this Agreement shall
be subject to such reasonable changes of construction as the Administrative Agents may from time to time specify to be appropriate to reflect the adoption of the Euro by any member state of the European Union and any relevant market conventions or
practices relating to the Euro. 
 (c)       Each provision of this Agreement also shall be
subject to such reasonable changes of construction as the Administrative Agents may from time to time specify to be appropriate to reflect a change in currency of any other country and any relevant market conventions or practices relating to the
change in currency. 
 SECTION 2. AMOUNT AND TERMS OF COMMITMENTS 

2.1         Term Loan Commitments. Subject to the terms and conditions hereof,
(a) the Term Loan A Lenders severally agree to make term loans (“Term A Loans”) to the Term Loan Borrower on the Closing Date in US Dollars in an amount for each Term Loan A Lender not to exceed the amount of the Term Loan A
Commitment of such Lender and (b) the Term Loan B Lenders severally agree to make term loans (“Term B Loans” and together with Term A Loans, “Term Loans” and each, a “Term Loan”, as the context
may require) to the Term Loan Borrower on the Closing Date in US Dollars in an amount for each Term Loan B Lender not to exceed the amount of the Term Loan B Commitment of such Lender. Each Term Loan may from time to time be Eurodollar Loans or ABR
Loans, as determined by the Term Loan Borrower and notified to the applicable Term Loan Administrative Agent in accordance with Sections 2.2 and 2.9. The Borrowers other than Term Loan Borrower shall not be
co-obligors or have any joint liability for such Loans (except to the extent that any liability is derived by the other Borrowers as Guarantors of the Obligations of the Term Loan Borrower). 

2.2         Procedure for Term Loan Borrowing. The Term Loan Borrower shall
deliver to the applicable Term Loan Administrative Agent a Borrowing Request, not later than 11:00 a.m., New York City time, one Business Day before the anticipated Closing Date requesting that the applicable Term Loan Lenders make the applicable
Term Loans on the Closing Date. The Borrowing Request must specify (i) the applicable Facility and the principal amount of the applicable Term Loans to be borrowed, (ii) the requested date of the Borrowing (which shall be a Business Day),
(iii) the Type of Term Loans to be borrowed, (iv) in the case of a Eurodollar Borrowing, the initial Interest Period to be applicable thereto, which shall be a period contemplated by the definition of the term “Interest Period” and
(v) the location and number of the Term Loan Borrower’s account to which funds are to be disbursed, which shall comply with the requirements of Section 2.8. Upon receipt of such Borrowing Request, the applicable Term Loan
Administrative 

  
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Agent shall promptly notify each applicable Term Loan Lender thereof. Not later than 10:00 a.m., New York City time (or, if later, promptly following the satisfaction of the conditions precedent
to the initial extension of credit hereunder set forth in Section 4.1), on the Closing Date each Term Loan Lender shall make available to the applicable Term Loan Administrative Agent an amount in immediately available funds equal to the
applicable Term Loans to be made by such Lender. Such Term Loan Administrative Agent shall make available to the Term Loan Borrower the aggregate of the amounts made available to such Term Loan Administrative Agent by such Term Loan Lenders, in like
funds as received by such Term Loan Administrative Agent. 
 2.3        
Repayment of Term Loans. 
 (a)       The Term A Loan of each Term
Loan A Lender shall be repaid in consecutive quarterly installments on the last day of each fiscal quarter of Parent or, if such date is not a Business Day, on the last Business Day of such fiscal quarter ending nearest to such date (each, a
“Term Loan A Installment Date”), each of which shall be in an aggregate annual amount equal to such Lender’s Term Loan A Percentage multiplied by the amount equal to (1) 5.00% of the aggregate principal amount of the Term Loan
A Facility on the Closing Date commencing on December 31, 2018 and ending on September 30, 2020, (2) 7.50% of the aggregate principal amount of the Term Loan A Facility commencing on December 31, 2020 and ending on September 30,
2022 and (3) 10.00% of the aggregate principal amount of the Term Loan A Facility commencing on December 31, 2022 and ending on August 16, 2023; provided, that the final principal repayment installment of the Term A Loan repaid on the Term
Loan A Maturity Date, shall be, in any event, in an amount equal to the aggregate principal amount of all Term A Loans outstanding on such date. 

(b)       The Term B Loan of each Term Loan B Lender shall be repaid in
consecutive quarterly installments on the last day of each fiscal quarter of Parent or, if such date is not a Business Day, on the last Business Day of such fiscal quarter ending nearest to such date (each, a “Term Loan B Installment
Date”), commencing on December 31, 2018, each of which shall be in an aggregate annual amount equal to such Lender’s Term Loan B Percentage multiplied by the amount equal to 1.00% of the aggregate principal amount of the Term Loan
B Facility on the Closing Date; provided, that the final principal repayment installment of the Term B Loans repaid on the Term Loan B Maturity Date, shall be, in any event, in an amount equal to the aggregate principal amount of all Term B Loans
outstanding on such date. 
 2.4         Revolving Credit Commitments.
Subject to the terms and conditions set forth herein, each Revolving Credit Lender severally agrees to make revolving credit loans (each, a “Revolving Credit Loan”) to the Revolver Borrowers from time to time during the Availability
Period in US Dollars or one or more Alternative Currencies (such agreement not to be unreasonably withheld) in an aggregate principal amount at any one time outstanding that will not (after giving effect to any concurrent use of the proceeds thereof
to repay LC Disbursements) result in (i) such Revolving Credit Lender’s Revolving Credit Exposure exceeding such Revolving Credit Lender’s Revolving Credit Commitment or (ii) the Total Revolving Credit Exposure exceeding the
total Revolving Credit Commitments. Within the foregoing limits and subject to the terms and conditions set forth herein, the Revolver Borrowers may borrow, prepay and reborrow Revolving Credit Loans during the Availability Period. Revolving Credit
Loans may be 

  
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ABR Loans or Eurodollar Loans, as further provided herein. The Revolving Credit Loans made to a Revolver Borrower shall be the sole and several liability of that Borrower, and the other Borrowers
shall not be co-obligors or have any joint liability for such Loans (except to the extent that any liability is derived by the other Borrowers as Guarantors of the Obligations of that Revolver Borrower). 

2.5         Loans and Borrowings. (a) Each Revolving Credit Loan shall be
made as part of a Borrowing consisting of Revolving Credit Loans made by the Revolving Credit Lenders ratably in accordance with their respective Revolving Credit Commitments. The failure of any Lender to make any Loan required to be made by it
shall not relieve any other Lender of its obligations hereunder. 
 (b)      
Subject to Section 2.16, (i) each Term Borrowing shall be comprised entirely of (A) ABR Loans or (B) Eurodollar Loans as the Term Loan Borrower may request in accordance herewith and (ii) each Revolving Credit Borrowing shall be
comprised entirely of (A) ABR Loans or (B) Eurodollar Loans as the applicable Revolver Borrowers may request in accordance herewith; provided, that each Revolving Credit Borrowing denominated in an Alternative Currency shall be comprised
entirely of Eurodollar Loans. Each Lender at its option may make any Eurodollar Loan by causing any domestic or foreign branch or Affiliate of such Lender to make such Loan; provided, that any exercise of such option shall not affect the
obligation of the applicable Lender to make such Loan and the obligation of the applicable Borrower to repay such Loan in accordance with the terms of this Agreement. 

(c)       At the commencement of each Interest Period for any Eurodollar
Borrowing, such Borrowing shall be in an aggregate amount that is an integral multiple of $500,000 and not less than $1,000,000. At the time that each ABR Borrowing is made, such Borrowing shall be in an aggregate amount that is an integral multiple
of $100,000 and not less than $500,000; provided that a Revolving Credit Borrowing may be in an aggregate amount that is equal to the entire unused balance of the Revolving Credit Commitments under the applicable Revolving Credit Facility or that is
required to finance the reimbursement of an LC Disbursement as contemplated by Section 2.7(e). Borrowings of more than one Type and Class may be outstanding at the same time; provided, that there shall not, at any time, be more than
a total of (x) five Eurodollar Borrowings with respect to each Term Loan Facility outstanding and (y) six Eurodollar Borrowings with respect to the Revolving Credit Facility outstanding. 

(d)       Notwithstanding any other provision of this Agreement, the applicable
Borrowers shall not be entitled to request, or to elect to convert or continue, any Borrowing if the Interest Period requested with respect thereto would end after the applicable Maturity Date for such Borrowing. 

2.6         Requests for Revolving Credit Borrowing. To request a Revolving
Credit Borrowing, the Revolver Borrowers shall notify the Revolver Administrative Agent of such request by email (a) in the case of a Eurodollar Borrowing denominated in US Dollars, not later than 1:00 p.m., New York City time, three
(3) Business Days before the date of the proposed Borrowing (other than Eurodollar Borrowings to be incurred on the Closing Date which notice may be given one (1) Business Day prior to the Closing Date) (b) in the case of a Eurodollar

  
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Borrowing denominated in an Alternative Currency, not later than 1:00 p.m., New York City time, four (4) Business Days (or five (5) Business Days in the case of a Special Notice
Currency) before the date of the proposed Borrowing (other than Eurodollar Borrowings to be incurred on the Closing Date which notice may be given one (1) Business Day prior to the Closing Date) or (c) in the case of an ABR Borrowing, not
later than 12:00 p.m., New York City time, on the date of the proposed Borrowing. Each such email Borrowing Request shall be irrevocable and shall be confirmed promptly by hand delivery, facsimile or other electronic transmission as agreed to
by the Revolver Administrative Agent, to the Revolver Administrative Agent of a written Borrowing Request in a form approved by the Revolver Administrative Agent and signed by the Revolver Borrowers. Each such telephonic and written Borrowing
Request shall specify the following information in compliance with Section 2.5: 

(i)        the aggregate amount and currency of the requested Borrowing;

 (ii)       the date of such Borrowing, which shall be a Business Day; 

(iii)      in the case of a Borrowing denominated in US Dollars, whether such
Borrowing is to be an ABR Borrowing or a Eurodollar Borrowing; 
 (iv)     in the case
of a Eurodollar Borrowing, the initial Interest Period to be applicable thereto, which shall be a period contemplated by the definition of the term “Interest Period”; and 

(v)      the location and number of the account to which funds are to be disbursed,
which shall comply with the requirements of Section 2.8. 
 If no election as to the Type of Revolving Credit Borrowing is specified,
then the requested Revolving Credit Borrowing shall be (A) in the case of a Borrowing denominated in US Dollars, an ABR Borrowing or (B) in the case of a Borrowing denominated in an Alternative Currency, a Eurodollar Borrowing. If no
Interest Period is specified with respect to any requested Eurodollar Revolving Credit Borrowing, then the Revolver Borrowers shall be deemed to have selected an Interest Period of one month’s duration. If no currency is specified with respect
to any Eurodollar Borrowing, then the applicable Revolver Borrowers shall be deemed to have requested a Borrowing in US Dollars. If a Borrowing Request fails to specify the identity of the applicable Revolver Borrower, then the Loans so requested
shall be made to the Revolver Borrower submitting such Borrowing Request; provided, however, that in the case of a failure to identify the applicable Borrower in the case of a request for a continuation of Revolving Credit Loans, such
Loans shall be continued as Loans made to the Borrower to which such Loans were initially made. No Revolving Credit Loan may be converted into or continued as a Loan denominated in a different currency, but instead must be prepaid in the original
currency of such Loan and reborrowed in the other currency. Promptly following receipt of a Borrowing Request in accordance with this Section, the Revolver Administrative Agent shall advise each Revolving Credit Lender of the relevant Facility or
Facilities of the details thereof and of the amount of such Revolving Credit Lender’s Loan to be made as part of the requested Revolving Credit Borrowing. 

2.7         Letter of Credit. (a) General. 

  
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 (i)
          Subject to the terms and conditions set forth herein, each Issuing Bank, in reliance on the agreements of the Revolving Credit Lenders set forth in Section 2.7(d), agrees to issue
trade and standby Letters of Credit (which must be denominated in US Dollars or an Alternative Currency) for the account of any Revolver Borrower or the account of any Revolver Borrower for the benefit of any Restricted Subsidiary, in each case on
any Business Day during the applicable Availability Period in such form as may be approved from time to time by such Issuing Bank; provided, that no Issuing Bank shall have any obligation to issue any Letter of Credit if: 

(A)       after giving effect to such issuance (i) the LC Exposure with respect to Letters
of Credit would exceed the LC Sublimit, (ii) the Total Revolving Credit Exposure would exceed the total Revolving Credit Commitments, (iii) the LC Exposure of such Issuing Bank would exceed the LC Percentage of such Issuing Bank or
(iv) solely to the extent of the Issuing Banks on the Closing Date, the amount of the LC Exposure attributable to the Letters of Credit issued by such Issuing Banks would exceed their Applicable Percentage on the Closing Date; 

(B)       any order, judgment or decree of any Governmental Authority or arbitrator shall by
its terms purport to enjoin or restrain such Issuing Bank from issuing such Letter of Credit, or any Law applicable to such Issuing Bank or any directive (whether or not having the force of law) from any Governmental Authority with jurisdiction over
such Issuing Bank shall prohibit, or direct that such Issuing Bank refrain from, the issuance of letters of credit generally or such Letter of Credit in particular or shall impose upon such Issuing Bank with respect to such Letter of Credit any
restriction, reserve or capital requirement (for which such Issuing Bank is not otherwise compensated hereunder) not in effect on the Closing Date, or shall impose upon such Issuing Bank any unreimbursed loss, cost or expense which was not
applicable on the Closing Date (for which such Issuing Bank is not otherwise compensated hereunder); 

(C)       the expiry date of such requested Letter of Credit would occur after the date that is
three (3) Business Days prior to the Revolving Credit Maturity Date, unless all the Lenders have approved such expiry date; or 

(D)       the issuance of such Letter of Credit would violate any policies of the applicable
Issuing Bank applicable to letters of credit generally. 

(ii)            An Issuing Bank shall be under no
obligation to amend any Letter of Credit if (A) such Issuing Bank would have no obligation at such time to issue such Letter of Credit in its amended form under the terms hereof or (B) the beneficiary of such Letter of Credit does not
accept the proposed amendment to such Letter of Credit. 
 Additionally, no Issuing Bank shall be under any obligation to issue or renew any
Letter of Credit if the Letter of Credit is to be denominated in a currency other than US Dollars or an Alternative Currency. Subject to the terms and conditions set forth herein, any Revolver Borrower may request the issuance of Letters of Credit
for its own account or for its own account for the benefit of any 

  
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Restricted Subsidiary, in a form reasonably acceptable to the Revolver Administrative Agent and the applicable Issuing Bank, at any time and from time to time during the Availability Period (but
not later than the date that is 30 days prior to the Revolving Credit Maturity Date). In the event of any inconsistency between the terms and conditions of this Agreement and the terms and conditions of any form of letter of credit application or
other agreement submitted by the applicable Revolver Borrower to, or entered into by such Revolver Borrower with, the applicable Issuing Bank relating to any Letter of Credit, the terms and conditions of this Agreement shall control. 

(b)       Notice of Issuance, Amendment, Renewal, Extension; Certain Conditions. To
request the issuance of a Letter of Credit (or the amendment, renewal or extension of an outstanding Letter of Credit), the applicable Revolver Borrower shall hand deliver or facsimile (or transmit by electronic communication, if arrangements for
doing so have been approved by the applicable Issuing Bank) to the applicable Issuing Bank and the Revolver Administrative Agent (at least three (3) Business Days (or such shorter period as may be agreed by the applicable Issuing Bank and the
Revolver Administrative Agent) in advance of the requested date of issuance, amendment, renewal or extension) a notice requesting the issuance of a Letter of Credit, or identifying the Letter of Credit to be amended, renewed or extended, and
specifying the date of issuance, amendment, renewal or extension (which shall be a Business Day), the date on which such Letter of Credit is to expire (which shall comply with paragraph (c) of this Section), the amount of such Letter of Credit,
the currency in which such Letter of Credit is to be denominated, the name and address of the beneficiary thereof and such other information as shall be necessary to prepare, amend, renew or extend such Letter of Credit. If requested by an Issuing
Bank, the applicable Revolver Borrower also shall submit a letter of credit application on such Issuing Bank’s standard form in connection with any request for a Letter of Credit. A Letter of Credit shall be issued, amended, renewed or extended
only if (and upon issuance, amendment, renewal or extension of each Letter of Credit the applicable Revolver Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension, (x) the
LC Exposure shall not exceed the LC Sublimit and (y) the Total Revolving Credit Exposure shall not exceed the total Revolving Credit Commitments. 

(c)       Expiration Date. Each Letter of Credit shall expire at or prior to the close
of business on the earlier of (i) the date that is one (1) year after the date of issuance of such Letter of Credit (or, in the case of any renewal or extension thereof, the date that is one (1) year after the date of such renewal or
extension) and (ii) the date that is three (3) Business Days prior to the Revolving Credit Maturity Date (unless other provisions or arrangements reasonably satisfactory to the applicable Issuing Bank and Revolver Administrative Agent
shall have been made with respect to such Letter of Credit, but which shall include the release by the relevant Issuing Bank of each applicable Revolving Credit Lender from its participation obligations hereunder with respect to such Letter of
Credit). If the applicable Revolver Borrower so requests in any notice requesting the issuance of a Letter of Credit, the applicable Issuing Bank shall issue a Letter of Credit that has automatic renewal provisions (each, an “Auto Renewal
Letter of Credit”); provided that the applicable Revolver Borrower shall be required to make a specific request to the applicable Issuing Bank for any such renewal. Once an Auto Renewal Letter of Credit has been issued, the
applicable Revolving Credit Lenders shall be deemed to have authorized the renewal of such Letter of Credit at any time to an expiry date not later than the earlier of (i) the date that is one (1) year from the date of such renewal
and (ii) the date that is three (3) Business Days prior to the Revolving 

  
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Credit Maturity Date (unless other provisions or arrangements reasonably satisfactory to the applicable Issuing Bank shall have been made with respect to such Letter of Credit, and shall include
the release by the relevant Issuing Bank and the Revolver Administrative Agent of each applicable Revolving Credit Lender from its participation obligations hereunder with respect to such Letter of Credit); provided that the applicable
Issuing Bank shall not permit any such renewal if such Issuing Bank has determined that it would have no obligation at such time to issue such Letter of Credit in its renewed form under the terms hereof (by reason of the provisions of
Section 4.2 or otherwise). 
 (d)       Participations. By the issuance of a
Letter of Credit (or an amendment to a Letter of Credit increasing the amount thereof) and without any further action on the part of any Issuing Bank or the Lenders, the applicable Issuing Bank hereby grants to each Revolving Credit Lender, and each
Revolving Credit Lender hereby acquires from the applicable Issuing Bank, a participation in such Letter of Credit equal to such Lender’s Applicable Percentage of the aggregate amount available to be drawn under such Letter of Credit. In
consideration and in furtherance of the foregoing, each Revolving Credit Lender hereby absolutely and unconditionally agrees to pay to the Revolver Administrative Agent, for the account of the applicable Issuing Bank, such Revolving Credit
Lender’s Applicable Percentage of each LC Disbursement with respect to a Letter of Credit made by such Issuing Bank and not reimbursed by the Revolver Borrowers on the date due as provided in paragraph (e) of this Section, or of any
reimbursement payment required to be refunded to the Revolver Borrowers for any reason in respect thereof. Each Revolving Credit Lender acknowledges and agrees that its obligation to acquire participations pursuant to this paragraph in respect of
Letters of Credit, and such Revolving Credit Lender’s obligations under Section 2.7(e) are absolute and unconditional and shall not be affected by any circumstance including (i) any setoff, counterclaim, recoupment, defense or other
right that such Lender may have against the Issuing Bank, the Revolver Borrowers or any other Person for any reason whatsoever, (ii) the occurrence or continuance of a Default or Event of Default or the failure to satisfy any of the other
conditions specified in Section 4, (iii) any adverse change in the condition (financial or otherwise) of any Borrower, (iv) any breach of this Agreement or any other Loan Document by any Borrower, any other Loan Party or any other Lender
or any reduction in or termination of the Revolving Credit Commitments or (v) any other circumstance, happening or event whatsoever, whether or not similar to any of the foregoing. 

(e)       Reimbursement. If any Issuing Bank shall make any LC Disbursement in respect
of a Letter of Credit, the applicable Revolver Borrower shall reimburse such LC Disbursement by paying to the Revolver Administrative Agent an amount and currency equal to such LC Disbursement not later than 12:00 noon, New York City time, on
the first Business Day immediately following the day that such Revolver Borrower receives notice that such LC Disbursement is made (or, if such Revolver Borrower receives such notice after 12:00 noon, New York City time, on the second Business
Day immediately following the day that such Revolver Borrower receives such notice); provided that (if the conditions of Section 4.2 are satisfied) such Revolver Borrower shall have the absolute and unconditional right to require that
such payment be financed with an ABR Revolving Credit Borrowing (in the case of a Letter of Credit denominated in US Dollars) or a Eurodollar Revolving Credit Borrowing with an Interest Period of one month (in the case of a Letter of Credit
denominated in an Alternative Currency), in each case, by such Revolver Borrower under the applicable Revolving Credit Facility under which 

  
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the applicable Letter of Credit was issued, in each case in an equivalent amount and currency (subject to the requirements of set forth in Sections 2.4 through 2.6, as applicable) and, to the
extent so financed, such Revolver Borrower’s obligation to make such payment shall be discharged and replaced by the resulting Revolving Credit Borrowing. If a Revolver Borrower fails to make such payment when due, or finance such payment in
accordance with the proviso to the preceding sentence, the applicable Issuing Bank shall promptly notify the Revolver Administrative Agent of the applicable LC Disbursement and the Revolver Administrative Agent shall promptly notify each Revolving
Credit Lender of the applicable LC Disbursement, the payment then due from such Revolver Borrower in respect thereof and such Lender’s Applicable Percentage thereof. Promptly following receipt of such notice, each Revolving Credit Lender shall
pay to the Revolver Administrative Agent its Applicable Percentage of the applicable Revolving Credit Facility of the payment then due from such Revolver Borrower by wire transfer of immediately available funds to the account of the Revolver
Administrative Agent most recently designated by it for such purpose by notice to the Lenders not later than 2:00 p.m., New York City time, on the date such notice is received (or, if such Revolving Credit Lender shall have received such notice
later than 12:00 noon, New York City time on such day, not later than 10:00 a.m., New York City time, on the immediately following Business Day), and the Revolver Administrative Agent shall promptly pay to the applicable Issuing Bank the
amounts so received by it from the Lenders. Promptly following receipt by the Revolver Administrative Agent of any payment from a Revolver Borrower pursuant to this paragraph, the Revolver Administrative Agent shall distribute such payment to the
applicable Issuing Bank or, to the extent that Lenders have made payments pursuant to this paragraph to reimburse such Issuing Bank, then to such Revolving Credit Lenders and such Issuing Bank as their interests may appear. Any payment made by a
Revolving Credit Lender pursuant to this paragraph to reimburse any Issuing Bank for any LC Disbursement (other than the funding of ABR Revolving Credit Loans or Eurodollar Revolving Credit Loans as contemplated above) shall not constitute a Loan
and shall not relieve the applicable Revolver Borrower of its obligation to reimburse such LC Disbursement. If any Revolving Credit Lender shall not have made its Applicable Percentage of an LC Disbursement available to the Revolver Administrative
Agent as provided above, such Revolving Credit Lender and the applicable Revolver Borrower severally agree to pay interest on such amount, for each day from and including the date such amount is required to be paid in accordance with this
Section 2.7(e) to but excluding the date such amount is paid, to the Revolver Administrative Agent for the account of the applicable Issuing Bank at (i) in the case of such Revolver Borrower, a rate per annum equal to
the interest rate applicable to ABR Revolving Credit Loans and (ii) in the case of such Revolving Credit Lender, (A) in the case of Letters of Credit denominated in US Dollars, for the first such day, the Federal Funds Effective Rate, and
for each day thereafter, the Alternate Base Rate and (B) in the case of Letters of Credit denominated in an Alternative Currency, the Eurodollar Rate with an Interest Period of one month. 

(f)       Obligations Absolute. Each Revolver Borrower’s obligation to reimburse LC
Disbursements as provided in paragraph (e) of this Section shall be absolute, unconditional and irrevocable, several and not joint, and shall be performed strictly in accordance with the terms of this Agreement under any and all circumstances
whatsoever and irrespective of (i) any lack of validity or enforceability of any Letter of Credit or this Agreement, or any term or provision therein, (ii) any draft or other document presented under a Letter of Credit proving to be
forged, fraudulent or invalid in any respect or any statement therein being untrue or inaccurate in any respect, (iii) payment by the applicable Issuing Bank under a Letter of Credit against presentation

  
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of a draft or other document that does not comply with the terms of such Letter of Credit, (iv) any adverse change in the exchange rate or in the availability of an Alternative Currency to
any Borrower or any of the Restricted Subsidiaries or in the relevant currency markets generally (v) any payment made by the Issuing Bank in respect of an otherwise complying item presented after the date specified as the expiration date of, or
the date by which documents must be received under such Letter of Credit if presentation after such date is authorized by the ISP or UCP, as applicable, or (vi) any other event or circumstance whatsoever, whether or not similar to any of the
foregoing, that might, but for the provisions of this Section, constitute a legal or equitable discharge of, or provide a right of setoff against, such Revolver Borrower’s obligations hereunder. None of the Agents, the Lenders or the Issuing
Banks, or any of their respective Related Parties, shall have any liability or responsibility by reason of or in connection with the issuance or transfer of any Letter of Credit or any payment or failure to make any payment thereunder (irrespective
of any of the circumstances referred to in the preceding sentence), or any error, omission, interruption, loss or delay in transmission or delivery of any draft, notice or other communication under or relating to any Letter of Credit (including any
document required to make a drawing thereunder), any error in interpretation of technical terms or any consequence arising from causes beyond the control of the applicable Issuing Bank; provided that the provisions of this Section 2.7(f)
shall not be construed to excuse the applicable Issuing Bank from liability to the applicable Revolver Borrower to the extent of any direct damages (as opposed to indirect, consequential, special and punitive damages, claims in respect of which are
hereby waived by the Borrowers to the extent permitted by applicable law) suffered by such Revolver Borrower that are caused by such Issuing Bank’s failure to exercise care when determining whether drafts and other documents presented under a
Letter of Credit comply with the terms thereof. The parties hereto expressly agree that, in the absence of gross negligence, bad faith or willful misconduct on the part of any Issuing Bank (as finally determined by a court of competent
jurisdiction), the applicable Issuing Bank shall be deemed to have exercised care in each such determination. In furtherance of the foregoing and without limiting the generality thereof, the parties agree that, with respect to documents presented
which appear on their face to be in substantial compliance with the terms of a Letter of Credit, the applicable Issuing Bank may, in its sole discretion, either accept and make payment upon such documents without responsibility for further
investigation, regardless of any notice or information to the contrary, or refuse to accept and make payment upon such documents if such documents are not in strict compliance with the terms of such Letter of Credit. 

(g)       Disbursement Procedures. Each Issuing Bank shall, promptly following its
receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit issued by such Issuing Bank. Each Issuing Bank shall promptly notify the Revolver Administrative Agent and the applicable Revolver Borrower
by telephone (confirmed by email) of such demand for payment and whether such Issuing Bank has made or will make an LC Disbursement thereunder; provided that any failure to give or delay in giving such notice shall not relieve such Revolver
Borrower of its obligation to reimburse such Issuing Bank and the Lenders with respect to any such LC Disbursement. 

(h)       Interim Interest. If any Issuing Bank shall make any LC Disbursement, then,
unless the applicable Revolver Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to
but excluding the date that such 

  
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Revolver Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Revolving Credit Loans (in the case of Letters of Credit denominated in US Dollars)
and the Eurodollar Rate with an Interest Period of one month (in the case of Letters of Credit denominated in an Alternative Currency); provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph
(e) of this Section, then Section 2.15(b) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Lender
pursuant to paragraph (e) of this Section to reimburse such Issuing Bank shall be for the account of such Lender to the extent of such payment. 

(i)       Replacement of Issuing Bank. An Issuing Bank may be replaced at any time by
written agreement among the Revolver Borrowers, the Revolver Administrative Agent, the replaced Issuing Bank (provided that no consent of the replaced Issuing Bank will be required if it has no Letters of Credit or Reimbursement Obligations
with respect thereto outstanding) and the successor Issuing Bank. The Revolver Administrative Agent shall notify the Revolving Credit Lenders of any such replacement of such Issuing Bank. At the time any such replacement shall become effective, each
Revolver Borrower, severally, shall pay all unpaid fees accrued for the account of the replaced Issuing Bank with respect to such Revolver Borrower pursuant to Section 2.13(b). From and after the effective date of any such replacement,
(i) the successor Issuing Bank shall have all the rights and obligations of an Issuing Bank under this Agreement with respect to Letters of Credit to be issued thereafter and (ii) references herein to the term “Issuing Bank”
shall be deemed to refer to such successor or to any previous Issuing Bank, or to such successor and all previous Issuing Banks, as the context shall require. After the replacement of an Issuing Bank hereunder, the replaced Issuing Bank shall remain
a party hereto and shall continue to have all the rights and obligations of an Issuing Bank under this Agreement with respect to Letters of Credit issued by it prior to such replacement, but shall not be required to renew existing Letters of Credit
or issue additional Letters of Credit. 
 (j)       Applicability of ISP and UCP;
Limitation of Liability. Unless otherwise expressly agreed by the Issuing Bank and the applicable Borrower when a Letter of Credit is issued or when it is amended with the consent of the beneficiary thereof, (i) the rules of the ISP shall
apply to each standby Letter of Credit, and (ii) the rules of the UCP shall apply to each commercial Letter of Credit. Notwithstanding the foregoing, the Issuing Bank shall not be responsible to such Borrower for, and the Issuing Bank’s
rights and remedies against such Borrower shall not be impaired by, any action or inaction of the Issuing Bank required or permitted under any law, order, or practice that is required or permitted to be applied to any Letter of Credit or this
Agreement, including the Law or any order of any governmental authority in a jurisdiction where the Issuing Bank or the beneficiary is located, the practice stated in the ISP or UCP, as applicable or in the decisions, opinions, practice statements,
or official commentary of the ICC Banking Commission, the Bankers Association for Finance and Trade—International Financial Services Association (BAFT-IFSA), or the Institute of International Banking Law & Practice, whether or not any
Letter of Credit chooses such law or practice. 
 (k)       Cash Collateralization. If
any Event of Default under Section 7.1(f) with respect to Parent or any Borrower shall occur and be continuing or if the Loans have been accelerated pursuant to Section 7 as a result of any Event of Default, on the Business Day that any

  
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Revolver Borrower receives notice from the Revolver Administrative Agent or the Required Revolving Lenders (or, if the maturity of the Loans has been accelerated, Lenders with LC Exposure
representing greater than 50% of the total LC Exposure), in each case, demanding (which demand, in the case of any Event of Default under Section 7.1(f) with respect to Parent or any Borrower, shall be deemed to have been given automatically)
the deposit of cash collateral pursuant to this paragraph, such Revolver Borrower shall deposit in an account with the Revolver Administrative Agent, in the name of the Revolver Administrative Agent and for the benefit of the Lenders, an amount in
cash equal to 103% of the applicable LC Exposure with respect to such Revolver Borrower as of such date plus any accrued and unpaid interest thereon. Such deposit shall be held by the Revolver Administrative Agent as collateral for the payment and
performance of the Letter of Credit obligations of such Revolver Borrower under this Agreement. The Revolver Administrative Agent shall have exclusive dominion and control, including the exclusive right of withdrawal, over such account. Other than
any interest earned on the investment of such deposits, which investments shall be made in Cash Equivalents at the option and reasonable discretion of the Revolver Administrative Agent and at such Revolver Borrower’s risk and expense, such
deposits shall not bear interest. Interest or profits, if any, on such investments shall accumulate in such account. Moneys in such account shall be applied by the Revolver Administrative Agent to reimburse the applicable Issuing Bank for LC
Disbursements for which it has not been reimbursed and, to the extent not so applied, shall be held for the satisfaction of the reimbursement obligations of such Revolver Borrower for the applicable LC Exposure at such time or, if the maturity of
the Loans has been accelerated (but subject to the consent of Lenders with LC Exposure representing greater than 50% of the total LC Exposure), be applied to satisfy other obligations of such Revolver Borrower under this Agreement. If a Revolver
Borrower is required to provide an amount of cash collateral hereunder as a result of the occurrence of an Event of Default specified above, such amount (to the extent not applied as aforesaid) shall be returned to such Revolver Borrower within two
(2) Business Days after such Event of Default has been cured or waived (unless the Commitments have been terminated and the Obligations have been accelerated, in each case in accordance with Section 7). 

(l)       Provisions Related to Extended Revolving Credit Commitments. If the Maturity
Date in respect of any tranche of Revolving Credit Commitments occurs prior to the expiration of any Letter of Credit, then (i) if one or more other tranches of Revolving Credit Commitments in respect of which the Maturity Date shall not have
occurred are then in effect and such Letter of Credit would otherwise be available under such tranche of Revolving Credit Commitments, such Letters of Credit shall automatically be deemed to have been issued (including for purposes of the
obligations of the Revolving Credit Lenders to purchase participations therein and to make payments in respect thereof pursuant to Section 2.7(d) and (e)) under (and ratably participated in by Lenders pursuant to) the Revolving Credit
Commitments in respect of such non-maturing tranches up to an aggregate amount not to exceed the aggregate amount of the unutilized Revolving Credit Commitments thereunder at such time (it being understood
that no partial face amount of any Letter of Credit may be so reallocated) and (ii) to the extent not reallocated pursuant to immediately preceding clause (i), the applicable Revolver Borrower shall cash collateralize any such Letter of Credit
in accordance with Section 2.7(j). For the avoidance of doubt, commencing with the Maturity Date of any tranche of Revolving Credit Commitments, the sublimit for Letters of Credit under any tranche of Revolving Credit Commitments that has not
so then matured shall be as agreed in the relevant Permitted Amendment with the applicable Revolving Credit Lenders. 

  
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 2.8         Funding of
Borrowings. (a) Except as expressly set forth in Section 2.2, each Lender shall make each Loan to be made by it hereunder on the proposed date thereof by wire transfer of immediately available funds in the applicable currency of such
Loan by 12:00 noon, New York City time, to the account of the applicable Administrative Agent most recently designated by it for such purpose by notice to the Lenders. The applicable Administrative Agent will make such Loans available to the
applicable Borrower by promptly crediting the amounts so received, in like funds, to an account of such Borrower maintained with the applicable Administrative Agent in New York City or such other account reasonably approved by the applicable
Administrative Agent, in each case, as is designated by such Borrower in the applicable Borrowing Request; provided that ABR Revolving Credit Loans or Eurodollar Revolving Credit Loans made to finance the reimbursement of an LC Disbursement as
provided in Section 2.7(e) shall be remitted by the Revolver Administrative Agent to the applicable Issuing Bank. 

(b)       Unless the applicable Administrative Agent shall have received notice from a Lender
prior to the proposed date of any Borrowing that such Lender will not make available to the applicable Administrative Agent such Lender’s share of such Borrowing, such Administrative Agent may assume that such Lender has made such share
available on such date in accordance with paragraph (a) of this Section 2.8 and may, in reliance upon such assumption, make available to the applicable Borrower a corresponding amount. In such event, if a Lender has not in fact made its
share of the Borrowing available to the applicable Administrative Agent, then the applicable Lender and such Borrower severally agree to pay to the applicable Administrative Agent forthwith on demand such corresponding amount with interest thereon,
for each day from and including the date such amount is made available to such Borrower to but excluding the date of payment to the applicable Administrative Agent, at (i) in the case of such Lender, the Overnight Rate, or (ii) in the case
of such Borrower, the interest rate applicable to ABR Loans of the applicable Class. If such Lender pays such amount to the applicable Administrative Agent, then such amount shall constitute such Lender’s Loan included in such Borrowing. 

(c)       Each of the Revolver Administrative Agent, each Issuing Bank and each Revolving
Credit Lender at its option may make any extension of credit hereunder or otherwise perform its obligations hereunder through any Lending Office (each, a “Designated Lender”); provided that any exercise of such option shall
not affect the obligation of any Revolver Borrower to repay any such extension of credit in accordance with the terms of this Agreement. Any Designated Lender shall be considered a Revolving Credit Lender; provided that in the case of an
Affiliate or branch of a Revolving Credit Lender, such provisions that would be applicable with respect to extensions of credit actually provided by such Affiliate or branch of such Revolving Credit Lender shall apply to such Affiliate or branch of
such Revolving Credit Lender to the same extent as such Revolving Credit Lender; provided further that for the purposes only of voting in connection with any Loan Document, any participation by any Designated Lender in any outstanding
extension of credit shall be deemed a participation of such Revolving Credit Lender. 

2.9         Interest Elections. (a) Each Borrowing initially shall be of
the Type specified in the applicable Borrowing Request and, in the case of a Eurodollar Borrowing, shall have an initial Interest Period as specified in such Borrowing Request. Thereafter, the applicable Borrower may elect to convert such Borrowing
to a different Type or to continue such Borrowing and, in the case of a Eurodollar Borrowing, may elect Interest Periods therefor, all as provided in this Section 2.9. 

  
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The Borrowers may elect different options with respect to different portions of the affected Borrowing, in which case each such portion shall be allocated ratably among the Lenders holding the
Loans comprising such Borrowing, and the Loans comprising each such portion shall be considered a separate Borrowing. Notwithstanding any other provision of this Section 2.9, (i) the Borrowers will not be permitted to change the currency of any
Borrowing and (ii) Loans denominated in an Alternative Currency will not be permitted to be converted into ABR Revolving Credit Borrowings. 

(b)       To make an election pursuant to this Section 2.9, the applicable
Borrower shall notify the applicable Administrative Agent of such election by email by (i) in the case of a Eurodollar Borrowing, not later than 11:00 a.m., New York City time, three Business Days (or five Business Days in the case of a Special
Notice Currency) before the proposed effective date of the proposed election (or such later time and/or date as may be agreed by the applicable Administrative Agent in its reasonable discretion) or (ii) in the case of an ABR Borrowing, not
later than 11:00 a.m., New York City time, on the proposed effective date of the proposed election (or such later time and/or date as may be agreed by the applicable Administrative Agent in its reasonable discretion). Each such email Interest
Election Request shall be irrevocable and shall be confirmed promptly by hand delivery or facsimile to the applicable Administrative Agent of a written Interest Election Request signed by the applicable Borrower. 

(c)       Each email and written Interest Election Request shall specify the
following information in compliance with Section 2.5: 
 (i)       
the Borrowing to which such Interest Election Request applies and, if different options are being elected with respect to different portions thereof, the portions thereof to be allocated to each resulting Borrowing (in which case the information to
be specified pursuant to clauses (iii) and (iv) below shall be specified for each resulting Borrowing); 

(ii)       the effective date of the election made pursuant to such Interest
Election Request, which shall be a Business Day; 
 (iii)      whether the
resulting Borrowing is to be an ABR Borrowing or a Eurodollar Borrowing; and 

(iv)      if the resulting Borrowing is a Eurodollar Borrowing, the Interest Period
to be applicable thereto after giving effect to such election, which shall be a period contemplated by the definition of the term “Interest Period”. 

If any such Interest Election Request requests a Eurodollar Borrowing but does not specify an Interest Period, then the applicable Borrower
shall be deemed to have selected an Interest Period of one month’s duration. 

(d)       Promptly following receipt of an Interest Election Request, the
applicable Administrative Agent shall advise each Lender of the details thereof and of such Lender’s portion of each resulting Borrowing. 

  
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 (e)       If the applicable
Borrower fails to deliver a timely Interest Election Request with respect to a Eurodollar Borrowing prior to the end of the Interest Period applicable thereto, then, unless such Borrowing is repaid as provided herein, at the end of such Interest
Period, such Borrowing shall be converted to an ABR Borrowing; provided, however, that in the case of a failure to timely request a continuation of Eurodollar Borrowing denominated in an Alternative Currency, such Loans shall be
continued as Eurodollar Loans in their original currency with an Interest Period of one month. Notwithstanding any contrary provision hereof, if an Event of Default has occurred and is continuing and the applicable Administrative Agent, at the
request of the Required Lenders, so notifies the Borrowers, then, so long as an Event of Default is continuing (x) no outstanding Borrowing may be converted to or continued as a Eurodollar Borrowing and (y) unless repaid, each Eurodollar
Borrowing shall be converted to an ABR Borrowing at the end of the Interest Period applicable thereto. In addition to the foregoing, during the existence of an Event of Default, no Loans may be requested as, converted to or continued as Eurodollar
Loans (whether in US Dollars or any Alternative Currency) without the consent of the Required Revolving Lenders or the Required Term Lenders, as applicable, and the Required Revolving Lenders may demand that any or all of the then outstanding
Eurodollar Loans denominated in an Alternative Currency be prepaid, or redenominated into US Dollars in the amount of the US Dollar Equivalent thereof, on the last day of the then current Interest Period with respect thereto. 

2.10         Termination and Reduction of Commitments. (a) Unless
previously terminated, the Revolving Credit Commitments shall terminate on the applicable Revolving Credit Maturity Date. The (1) Term Loan A Commitments shall automatically terminate upon the making of the Term A Loans on the Closing Date and,
in any event, not later than 5:00 p.m., New York City time, on the Closing Date and (2) Term Loan B Commitments shall automatically terminate upon the making of the Term B Loans on the Closing Date and, in any event, not later than 5:00 p.m.,
New York City time, on the Closing Date. The commitments of each Issuing Bank to issue, amend, renew or extend any Letters of Credit shall automatically terminate on the earliest to occur of (i) the termination of the Revolving Credit
Commitments, (ii) the date that is five (5) Business Days prior to the latest Revolving Credit Maturity Date and (iii) such Issuing Bank ceasing to be a Revolving Credit Lender hereunder. 

(b)       The Revolver Borrowers may at any time terminate, without premium or penalty, or from
time to time reduce, the Revolving Credit Commitments under any Revolving Credit Facility (or under any tranche of the Revolving Credit Commitments); provided that (i) each reduction of the Revolving Credit Commitments shall be in an amount
that is an integral multiple of $500,000 and not less than $1,000,000 and (ii) in any event, the Revolver Borrowers shall not terminate or reduce the Revolving Credit Commitments if, after giving effect to any concurrent prepayment of the Loans
in accordance with Section 2.12, the Total Revolving Credit Exposure under any tranche would exceed the total Revolving Credit Commitments under such tranche. 

(c)       The Revolver Borrowers shall notify the Revolver Administrative Agent of any election
to terminate or reduce the Revolving Credit Commitments under any Revolving Credit Facility (or any tranche thereof) pursuant to paragraph (b) of this Section at least three (3) Business Days prior to the effective date of such termination
or reduction, specifying such election and the effective date thereof. Promptly following receipt of any such notice, the Revolver 

  
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Administrative Agent shall advise the applicable Revolving Credit Lenders of the contents thereof. Each notice delivered by the Revolver Borrowers pursuant to this Section shall be irrevocable;
provided that a notice of termination of the Revolving Credit Commitments delivered by the Revolver Borrowers may state that such notice is conditioned upon the effectiveness of other credit facilities or any other financing, sale or other
transaction. Any termination or reduction of the Revolving Credit Commitments shall be permanent (but subject to any increase pursuant to Section 2.23). Each reduction of the Revolving Credit Commitments under any Revolving Credit Facility
(other than any such reduction resulting from the termination of the Revolving Credit Commitment of any Lender as provided in Section 2.21) shall be made ratably among the Revolving Credit Lenders holding Revolving Credit Commitments under such
Revolving Credit Facility. 
 2.11       Repayment of Revolving Credit Loans; Evidence of
Debt. (a) Each Revolver Borrower hereby unconditionally promises to pay to the Revolver Administrative Agent for the account of each Revolving Credit Lender the then unpaid principal amount of each Revolving Credit Loan of such Lender made
to such Revolver Borrower on the applicable Revolving Credit Maturity Date. 

(b)       Each Lender shall maintain in accordance with its usual practice an
account or accounts evidencing the indebtedness of each Borrower to such Lender resulting from each Loan made by such Lender, including the amounts of principal and interest payable and paid to such Lender from time to time hereunder 

(c)       The applicable Administrative Agent shall maintain accounts in which
it shall record (i) the amount of each Loan made hereunder, the Class and Type thereof and, if applicable, the Interest Period applicable thereto, (ii) the amount of any principal or interest due and payable or to become due and
payable from each Borrower to each Lender hereunder and (iii) the amount of any sum received by the applicable Administrative Agent hereunder for the account of the Lenders and each Lender’s share thereof. 

(d)       The entries made in the accounts maintained pursuant to
paragraph (b) or (c) of this Section 2.11 shall be conclusive, absent manifest error, of the existence and amounts of the obligations recorded therein; provided, that the failure of any Lender or the applicable Administrative
Agent to maintain such accounts or any error therein shall not in any manner affect the obligation of the Borrowers to repay the Loans in accordance with the terms of this Agreement. 

(e)       Any Lender may request through the applicable Administrative Agent
that Loans made by it to a Borrower be evidenced by a promissory note. In such event, such Borrower shall prepare, execute and deliver to such Lender a promissory note payable to such Lender (or if requested by such Lender, to such Lender and its
registered assigns) and in the form of Exhibit G-1, G-2 or G-3, as applicable. Thereafter, the Loans evidenced by such
promissory note and interest thereon shall at all times (including after assignment pursuant to Section 9.4) be represented by one or more promissory notes in such form payable to the payee named therein (and its registered assigns). 

  
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 2.12       Prepayment of Loans.
(a) Each Borrower shall have the right at any time and from time to time to prepay any Borrowing made by it in whole or in part, without premium or penalty (but subject to Sections 2.12(e) and 2.18), subject to prior notice in accordance
with paragraph (c) of this Section 2.12. 
 (b)       Prior to any
optional or mandatory prepayment of Borrowings hereunder, the applicable Borrower shall select the Borrowing or Borrowings to be prepaid and shall specify such selection in the notice of such prepayment pursuant to paragraph (c) of this
Section 2.12. Each optional or mandatory prepayment of Term Loans shall be applied ratably to such Term Loans (based on the respective outstanding principal amounts thereof unless, in the case of Extended Term Loans, Incremental Term A Loans,
Incremental Term B Loans or Replacement Term Loans, the applicable Permitted Amendment specifies a less favorable treatment); provided, that prepayments of Term Loans made with the proceeds of any Replacement Term Loans and Permitted Term
Loan Refinancing Indebtedness shall be applied in accordance with Section 2.14(d). Prepayments of Term Loans shall be applied to the remaining scheduled installments as follows: 

(i)        any mandatory prepayments of Term A Loans or Term B Loans
pursuant to Section 2.14 shall be applied to the remaining scheduled principal installments (a) (i) in the case of the Term A Loans, in direct order of maturity or as otherwise directed by the Term Loan Borrower and (ii) in the case
of the Term B Loans, in direct order of maturity or as otherwise directed by the Term Loan Borrower and (b) in the case of any other Term Loans, in the order specified in the applicable Permitted Amendment, and 

(ii)       any optional prepayments of Term Loans pursuant to
Section 2.12(a) shall be applied to the remaining scheduled installments thereof as directed by the Term Loan Borrower (or, if no such direction is given, in direct order of maturity thereof). 

(c)       The applicable Borrower shall notify the applicable Administrative
Agent by email of any prepayment hereunder (i) in the case of prepayment of a Eurodollar Borrowing, not later than 11:00 a.m., New York City time, three Business Days (or five Business Days in the case of a Special Notice Currency) before the
date of prepayment (or such later time and/or date as may be agreed by the applicable Administrative Agent in its reasonable discretion), or (ii) in the case of prepayment of an ABR Borrowing, not later than 11:00 a.m., New York City time, one
Business Day before the date of prepayment (or such later time and/or date as may be agreed by the applicable Administrative Agent in its reasonable discretion). Each such notice shall be irrevocable and shall specify the prepayment date and the
principal amount of each Borrowing or portion thereof to be prepaid; provided, that any notice of prepayment may be conditioned upon the effectiveness of other credit facilities or any other financing, Disposition, sale or other transaction.
Promptly following receipt of any such notice relating to a Borrowing, the applicable Administrative Agent shall advise the Lenders of the contents thereof. Each partial prepayment of any Borrowing shall be in an amount that would be permitted in
the case of an advance of a Borrowing of the same Type as provided in Section 2.5. Prepayments shall be accompanied by accrued interest to the extent required by 

  
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Section 2.15. Each repayment of a Borrowing (x) in the case of a Revolving Credit Facility, shall be applied to the Loans included in the repaid Borrowing such that each Revolving
Credit Lender holding Loans included in such repaid Borrowing receives its ratable share of such repayment (based upon the respective Revolving Credit Exposures of the Revolving Credit Lenders holding Loans included in such repaid Borrowing at the
time of such repayment) and (y) in all other cases, shall be applied ratably to the Loans included in the repaid Borrowing. In the event the applicable Borrower fails to specify the Borrowings to which any such voluntary prepayment shall be
applied, such prepayment shall be applied as follows: 
 (i)       
first, to repay outstanding Revolving Credit Borrowings to the full extent thereof (ratably among Revolving Credit Facilities); and 

(ii)       second, to prepay the Term Borrowings ratably in accordance
with paragraph (b) of this Section 2.12 (unless, with respect to a Class of Term Loans, the applicable Permitted Amendment specifies a less favorable treatment). 

(d)       Notwithstanding anything to the contrary set forth in this Agreement
(including the penultimate sentence of Section 2.12(c) or Section 2.20(c)) or any other Loan Document, the Purchasing Borrower Parties shall have the right at any time and from time to time to purchase Term Loans by way of assignment in
accordance with Section 9.4(g), including pursuant to a Dutch Auction in accordance with Section 2.12(f). 

(e)       In the event that the Term Loan Borrower (i) repays, prepays,
purchases, buys back, refinances, substitutes or replaces any Term B Loans (other than as a result of a mandatory prepayment pursuant to Section 2.14(b) or Section 2.14(c) or a repayment pursuant to Section 2.3), including in
connection with a Repricing Event or (ii) effects any amendment of this Agreement resulting in a Repricing Event, the Term Loan Borrower shall pay to the Term Loan B Agent, for the ratable account of each of the applicable Term Loan B Lenders
(x) in the case of clause (i), an amount equal to the Applicable Prepayment Percentage of the aggregate principal amount of the Term B Loans so being repaid, prepaid, purchased, bought back, refinanced, substituted or replaced and
(y) in the case of clause (ii), an amount equal to the Applicable Prepayment Percentage of the aggregate principal amount of the applicable Term B Loans that are the subject of such Repricing Event and outstanding immediately prior to such
amendment. 
 (f)       Notwithstanding anything to the contrary contained in
this Section 2.12 or any other provision of this Agreement and without otherwise limiting the rights in respect of prepayments of the Term Loans, so long as no Default or Event of Default has occurred and is continuing, any Purchasing Borrower
Party may repurchase outstanding Term Loans in negotiated open market purchases pursuant to Section 9.4(g) or pursuant to this Section 2.12(f) on the following basis: 

(i)        Any Purchasing Borrower Party may conduct one or more auctions
(each, an “Auction”) to repurchase all or any portion of the Term Loans of a Class (the “Subject Class”) made to it by providing written notice to the applicable Term Loan Administrative Agent (for distribution to
the Lenders) of the Term Loans that 

  
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will be the subject of the Auction (an “Auction Notice”). Each Auction Notice shall be in a form reasonably acceptable to such Term Loan Administrative Agent and shall contain
(x) the total cash value of the bid, in a minimum amount of $5.0 million with minimum increments of $1.0 million (the “Auction Amount”), and (y) the discount to par, which shall be a range (the “Discount
Range”) of percentages of the par principal amount of the Term Loans at issue that represents the range of purchase prices that could be paid in the Auction; 

(ii)       In connection with any Auction, each Term Loan Lender may, in its
sole discretion, participate in such Auction and may provide the applicable Term Loan Administrative Agent with a notice of participation (the “Return Bid”), which shall be in a form reasonably acceptable to such Term Loan
Administrative Agent and shall specify (x) a price discounted to par that must be expressed as a price (the “Reply Discount Price”), which must be within the Discount Range, and (y) a principal amount of Term Loans which
must be in increments of $1.0 million or in an amount equal to the Term Loan Lender’s entire remaining amount of such Loans (the “Reply Amount”). Term Loan Lenders may only submit one Return Bid per Auction. In addition to
the Return Bid, the participating Term Loan Lender must execute and deliver, to be held in escrow by such Term Loan Administrative Agent, an Assignment and Assumption in a form reasonably acceptable to such Term Loan Administrative Agent; 

(iii)      Based on the Reply Discount Prices and Reply Amounts received by the
applicable Term Loan Administrative Agent, such Term Loan Administrative Agent, in consultation with the Term Loan Borrower, will determine the applicable discount (the “Applicable Discount”) for the Auction, which will be the
lowest Reply Discount Price for which the applicable Purchasing Borrower Party can complete the Auction at the Auction Amount; provided, that, in the event that the Reply Amounts are insufficient to allow such Purchasing Borrower Party to
complete a purchase of the entire Auction Amount (any such Auction, a “Failed Auction”), such Purchasing Borrower Party shall either, at its election, (x) withdraw the Auction or (y) complete the Auction at an Applicable
Discount equal to the highest Reply Discount Price. Such Purchasing Borrower Party shall purchase Term Loans (or the respective portions thereof) from each Term Loan Lender with a Reply Discount Price that is equal to or less than the Applicable
Discount (“Qualifying Bids”) at the Applicable Discount; provided, further, that if the aggregate proceeds required to purchase all Term Loans subject to Qualifying Bids would exceed the Auction Amount for such
Auction, the Term Loan Borrower shall purchase such Term Loans at the Applicable Discount ratably based on the principal amounts of such Qualifying Bids (subject to rounding requirements specified by the applicable Term Loan Administrative Agent).
Each participating Term Loan Lender will receive notice of a Qualifying Bid as soon as reasonably practicable but in no case later than five Business Days from the date the Return Bid was due; 

  
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 (iv)      Once initiated by an
Auction Notice, no Purchasing Borrower Party may withdraw an Auction without the consent of the applicable Term Loan Administrative Agent other than a Failed Auction. Furthermore, in connection with any Auction, upon submission by a Term Loan Lender
of a Qualifying Bid, such Lender (each, a “Qualifying Lender”) will be obligated to sell the entirety or its allocable portion of the Reply Amount, as the case may be, at the Applicable Discount. Each purchase of Term Loans in an
Auction shall be consummated pursuant to procedures (including as to response deadlines, rounding amounts, type and Interest Period of accepted Term Loans, and calculation of the Applicable Discount referred to above) established by the applicable
Term Loan Administrative Agent and agreed to by the Term Loan Borrower; and 

(v)       The repurchases by any Purchasing Borrower Party of Term Loans
pursuant to this Section 2.12(f) shall be subject to the following conditions: (A) the Auction is open to all Term Loan Lenders of the Subject Class on a pro rata basis, (B) no Event of Default has occurred or is continuing or
would result therefrom, (C) the applicable Assignment and Assumption shall include a customary “big boy” representation from each of the Purchasing Borrower Party and the Qualifying Lender (it being agreed that no Purchasing Borrower
Party shall be required to make a representation as to absence of MNPI) and (D) any Term Loans repurchased pursuant to this Section 2.12(f) shall be automatically and permanently canceled upon acquisition thereof by the Purchasing Borrower
Party. 
 2.13 Fees. (a) The Revolver Borrowers agree, on a several and not joint basis , to pay to the Revolver
Administrative Agent for the account of each Revolving Credit Lender (other than any Defaulting Lender) a commitment fee, which shall accrue at a rate equal to the Revolving Commitment Fee Rate per annum applicable to the Revolving Credit
Commitments on the actual daily unused amount of the Revolving Credit Commitment of such Revolving Credit Lender during the period from and including the Closing Date to but excluding the date on which such Lender’s Revolving Credit Commitment
terminates. The foregoing notwithstanding, the applicable lenders may consent to a different commitment fee to be paid pursuant to the terms of any applicable Incremental Facility Amendment, Replacement Facility Amendment or Extension Offer. Accrued
commitment fees shall be payable in arrears on the last Business Day of March, June, September and December of each year and on the date on which the Revolving Credit Commitments terminate, commencing on the last day of December 2018. All commitment
fees shall be computed on the basis of a year of 360 days and shall be payable for the actual number of days elapsed (including the first day but excluding the last day). For purposes of calculating the commitment fee only, the Revolving Credit
Commitment of any Revolving Credit Lender shall be deemed to be used to the extent of Revolving Credit Loans of such Revolving Credit Lender and the LC Exposure of such Revolving Credit Lender. 

(b)         The Revolver Borrowers agree, on a several and not joint basis, to pay to
the Revolver Administrative Agent for the account of each Revolving Credit Lender a participation fee with respect to its participations in Letters of Credit, which shall accrue at the same Applicable Margin used to determine the interest rate
applicable to Eurodollar Revolving Credit Loans, on the daily amount of such Lender’s LC Exposure in respect of Letters of Credit (excluding any portion 

  
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thereof attributable to unreimbursed LC Disbursements) during the period from and including the Closing Date to but excluding the later of the date on which such Lender’s Revolving Credit
Commitment terminates and the date on which such Lender ceases to have any LC Exposure with respect to any Letters of Credit. The Revolver Borrowers agree, on a several and not joint basis, to pay to each Issuing Bank a fronting fee, which shall
accrue at the rate of 0.125% per annum (or such other percentage as may be separately agreed to by the Revolver Borrowers and the applicable Issuing Bank) on the average daily amount of the LC Exposure (excluding any portion thereof attributable to
unreimbursed LC Disbursements) attributable to the Letters of Credit issued by such Issuing Bank on account of such Revolver Borrowers during the period from and including the Closing Date to but excluding the later of the date of termination of the
Revolving Credit Commitments and the date on which there ceases to be any LC Exposure attributable to the Letters of Credit issued by such Issuing Bank, as well as such Issuing Bank’s standard fees with respect to the issuance, amendment,
renewal or extension of any Letter of Credit or processing of drawings thereunder. Accrued participation fees and fronting fees shall be payable on the last Business Day of March, June, September and December of each year and on the date on which
the Revolving Credit Commitments terminate, commencing on the last day of December 2018; provided that any such fees accruing after the date on which the Commitments terminate shall be payable on demand. Any other fees payable to any Issuing Bank
pursuant to this paragraph shall be payable within 30 days after written demand therefor. All participation fees and fronting fees shall be computed on the basis of a year of 360 days and shall be payable for the actual number of days elapsed
(including the first day but excluding the last day). 
 (c)         The Borrowers
agree, on a several and not joint basis, to pay to each Agent, for its own account, the fees described in each Fee Letter, as applicable. 

(d)         All fees payable hereunder shall be paid in US Dollars on the dates due,
in immediately available funds, to the applicable Agent (or to the applicable Issuing Bank, in the case of fees payable to it) for distribution, in the case of commitment fees and participation fees, to the Lenders entitled thereto. Fees paid shall
not be refundable under any circumstances (except as otherwise expressly agreed). 

2.14        Mandatory Prepayments. (a) If Indebtedness is incurred by any Group
Member (other than Indebtedness permitted under Section 6.2), then on the date of such issuance or incurrence, an amount equal to 100% of the Net Cash Proceeds thereof shall be applied to the prepayment of the Term Loans (together with accrued
and unpaid interest thereon) as set forth in Section 2.14(e). The provisions of this Section 2.14 do not constitute a consent to the incurrence of any Indebtedness by any Group Member. 

(b)       If on any date any Group Member shall receive Net Cash Proceeds from
any Asset Sales or Recovery Events (to the extent such Asset Sales or Recovery Events result in Net Cash Proceeds in excess of $15.0 million in the aggregate in any fiscal year (with only the amount in excess of such annual threshold required
to be applied to such prepayment)) in a single transaction or a series of related transactions, then, unless a Reinvestment Notice shall be delivered in respect thereof (other than with respect to any Specified Sale and Leaseback Transaction, in
respect of which no Reinvestment Notice shall be permitted) and no later than five Business Days (or, if an Event of Default has occurred and is continuing, two Business 

  
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Days) after the date of receipt by any Group Member of such Net Cash Proceeds, an amount equal to 100% of the amount of such Net Cash Proceeds shall be applied to the prepayment of the Term Loans
(together with accrued and unpaid interest thereon) as set forth in Section 2.14(e) (any such amounts not required to prepay the Term Loans as a result of application of this clause, the “Retained Asset Sale Proceeds”, which
shall not, however, include any proceeds incurred in connection with Sale and Leaseback Transactions permitted pursuant to Section 6.10); provided, that (i) notwithstanding the foregoing, on each Reinvestment Prepayment Date an
amount equal to the Reinvestment Prepayment Amount with respect to the relevant Reinvestment Event shall be applied to the prepayment of the Term Loans (together with accrued interest thereon), (ii) the provisions of this Section 2.14 do not
constitute a consent to the consummation of any Disposition not permitted by Section 6.5 and (iii) if at the time that any such prepayment would be required, the Term Loan Borrower is required to, or required to offer to, repurchase or
redeem or repay or prepay any other Indebtedness secured on a pari passu basis with the Obligations (other than the Revolving Credit Loans) pursuant to the terms of the documentation governing such Indebtedness with proceeds of such
Asset Sale or Recovery Event (such Indebtedness required to be offered to be so repurchased, “Other Applicable Indebtedness”), then the Term Loan Borrower may apply such Net Cash Proceeds on a pro rata basis (determined on the basis
of the aggregate outstanding principal amount of the Term Loans and Other Applicable Indebtedness at such time; provided, further, that the portion of such net proceeds allocated to the Other Applicable Indebtedness shall not exceed
the amount of such net proceeds required to be allocated to the Other Applicable Indebtedness pursuant to the terms thereof, and the remaining amount, if any, of such net proceeds shall be allocated to the Term Loans in accordance with the terms
hereof) to the prepayment of the Term Loans and to the repurchase or repayment of Other Applicable Indebtedness, and the amount of the prepayment of the Term Loans that would have otherwise been required pursuant to this Section 2.14(b) shall
be reduced accordingly; provided, further, that to the extent the holders of Other Applicable Indebtedness decline to have such indebtedness repurchased or repaid with such net proceeds, the declined amount of such net proceeds shall
promptly (and in any event within five Business Days after the date of such rejection) be applied to prepay the Term Loans in accordance with the terms hereof (to the extent such net proceeds would otherwise have been required to be so applied if
such Other Applicable Indebtedness was not then outstanding). Notwithstanding the foregoing, with respect to any Foreign Asset Sale or Foreign Recovery Event, the Term Loan Borrower may elect to reduce the amount of such prepayment by the amount of
any Restricted Asset Sale Proceeds or Restricted Recovery Event Proceeds, as the case may be, included in such Net Cash Proceeds; provided, that the Term Loan Borrower shall use its commercially reasonable efforts such that the distribution of any
amounts constituting Restricted Asset Sale Proceeds or Restricted Recovery Event Proceeds solely pursuant to clause (a) of the respective definition thereof (if such amounts were distributed), or the inclusion of any amounts constituting
Restricted Asset Sale Proceeds or Restricted Recovery Event Proceeds solely pursuant to clause (a) of the respective definition thereof in Net Cash Proceeds for purposes of calculating any repayment obligation pursuant to this paragraph, as
applicable, would not result in adverse tax consequences of more than a de minimis amount to Parent and its Subsidiaries (as reasonably determined by Parent), such that such amounts would not constitute Restricted Asset Sale Proceeds or Restricted
Recovery Event Proceeds, as the case may be, as promptly as practicable following the date of such prepayment. For the avoidance 

  
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of doubt, in no event shall the Term Loan Borrower be required to repatriate cash at Foreign Subsidiaries. 

(c)       If, for any Excess Cash Flow Period, there shall be Excess Cash Flow,
then, on the relevant Excess Cash Flow Application Date, the Term Loan Borrower shall apply an amount equal to (i) the ECF Percentage of such Excess Cash Flow minus (ii) the Optional Prepayment Amount (if any) for such Excess Cash Flow
Period to the prepayment of the Term B Loans, as set forth in Section 2.14(e). Each such prepayment shall be made on a date (an “Excess Cash Flow Application Date”) no later than five Business Days after the earlier of
(x) the date on which the financial statements of Parent referred to in Section 5.1(a), for the fiscal year with respect to which such prepayment is to be made, are required to be delivered to the Lenders and (y) the date such
financial statements are actually delivered. Notwithstanding the foregoing, the Term Loan Borrower may elect to reduce the amount of such prepayment by an amount equal to the ECF Percentage of Restricted ECF, if any, for such Excess Cash Flow;
provided, that the Term Loan Borrower shall use its commercially reasonable efforts such that the distribution of such applicable percentage of amounts constituting Restricted ECF solely pursuant to clause (a) of the definition thereof
(if such amounts were distributed), or the inclusion of such applicable percentage of amounts constituting Restricted ECF solely pursuant to clause (a) of the definition thereof in Excess Cash Flow for purposes of calculating any repayment
obligation pursuant to this paragraph, would not result in adverse tax consequences (as reasonably determined by Parent), such that such amounts would not constitute Restricted ECF, as promptly as practicable following the Excess Cash Flow
Application Date (and at such time (if applicable), shall prepay the Term B Loans by the amount thereof in accordance with this Section 2.14(c)). For the avoidance of doubt, in no event shall the Term Loan Borrowers be required to repatriate
cash at foreign subsidiaries. 
 (d)       (i) The Net Cash Proceeds of any
Replacement Term Loans or any Permitted Term Loan Refinancing Indebtedness of Term A Loans (that is incurred to refinance Term A Loans) shall be used on a
dollar-for-dollar basis for the repayment of Term A Loans to be repaid from such Net Cash Proceeds on the date such Net Cash Proceeds are received and (ii) the Net
Cash Proceeds of any Replacement Term Loans or any Permitted Term Loan Refinancing Indebtedness of Term B Loans (that is incurred to refinance Term B Loans) shall be used on a
dollar-for-dollar basis for the repayment of Term B Loans to be repaid from such Net Cash Proceeds on the date such Net Cash Proceeds are received. Any such prepayment
of Term Loans of a Class shall be paid ratably to the holders of such Class and shall be applied to the remaining scheduled amortization installments of the Term Loans of such Class in the order specified in Section 2.12(b)(ii).

 (e)       Amounts to be applied pursuant to this Section 2.14 shall
be applied first to reduce outstanding ABR Loans of the applicable Class. Any amounts remaining after each such application shall be applied to prepay Eurodollar Loans of such Class; provided, however, that if any Lenders exercise the
right to waive a given mandatory prepayment of any Class of Term Loans pursuant to Section 2.14(f) then such mandatory prepayment shall be applied on a pro rata basis to the then outstanding Term Loans of the accepting Lenders of such
Class being prepaid irrespective of whether such outstanding Term Loans are ABR Loans or Eurodollar Loans; provided, further, that the Borrowers may elect (except in the case of a prepayment

  
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pursuant to Section 2.14(d)) that the remainder of such prepayments not applied to prepay ABR Loans be deposited in a collateral account pledged to the applicable Administrative Agent to
secure the Obligations and applied thereafter to prepay the Eurodollar Loans on the last day of the next expiring Interest Period for Eurodollar Loans; provided, that (A) interest shall continue to accrue thereon at the rate otherwise
applicable under this Agreement to the Eurodollar Loan in respect of which such deposit was made, until such amounts are applied to prepay such Eurodollar Loan, and (B) (x) at any time while a Specified Event of Default has occurred and is
continuing, the applicable Administrative Agent may, and (y) at any time while an Event of Default has occurred and is continuing, upon written direction from the Required Lenders, the applicable Administrative Agent shall, apply any or all of
such amounts to the payment of Eurodollar Loans. 
 (f)       Any mandatory
prepayment of (x) the Term Loans to be made pursuant to Section 2.14(b) shall be applied pro rata to the Term Loans under the Term Loan Facilities then outstanding based on the aggregate principal amounts of outstanding Term Loans of each
Class under the Term Loan Facilities; provided that to the extent provided in the relevant Incremental Facility Amendment or Extension Amendment, any Class of Incremental Term A Loans, Incremental Term B Loans or Extended Term Loans
under the Term Loan A Facility or the Term Loan B Facility may be paid on a pro rata basis or less than pro rata basis with any other Class of Term Loans under the Term Facilities and (y) Term B Loans to be made pursuant to
Section 2.14(c) shall be applied pro rata to the Term B Loans then outstanding based on the aggregate principal amounts of outstanding Term B Loans; provided that to the extent provided in the relevant Incremental Facility Amendment or
Extension Amendment, any Incremental Term B Loans or Extended Term Loans under the Term Loan B Facility may be paid on a pro rata basis or less than pro rata basis with the Term Loan B Facility. 

(g)       Notwithstanding anything in this Section 2.14 to the contrary:

 (i)        any Term Loan A Lender (and, to the extent provided in the
applicable Permitted Amendment, any other Term Loan A Lender) may elect, by notice to the Term Loan A Agent by telephone (confirmed by hand delivery, facsimile or, in accordance with the second paragraph of Section 9.1, e-mail) at least one Business Day prior to the required prepayment date, to decline all of any mandatory prepayment of its Term A Loans pursuant to clauses (b) of this Section 2.14, in which case the
aggregate amount of the prepayment that would have been applied to prepay Term A Loans but was so declined may be retained by the Group Members (such declined amounts to the extent retained by the Group Members, the “Declined Term Loan A
Proceeds”); and 
 (ii)       any Term Loan B Lender (and, to the
extent provided in the applicable Permitted Amendment, any other Term Loan B Lender) may elect, by notice to the Term Loan B Agent by telephone (confirmed by hand delivery, facsimile or, in accordance with the second paragraph of Section 9.1, e-mail) at least one Business Day prior to the required prepayment date, to decline all of any mandatory prepayment of its Term B Loans pursuant to clauses (b) and (c) of this Section 2.14, in which
case the aggregate amount of the prepayment that would 

  
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have been applied to prepay Term B Loans but was so declined may be retained by the Group Members (such declined amounts to the extent retained by the Group Members, the “Declined Term
Loan B Proceeds”). 
 (h)       If for any reason, the Total
Revolving Credit Exposure exceeds the total Revolving Credit Commitments then in effect (including after giving effect to any reduction in the Revolving Credit Commitments pursuant to Section 2.10), the Revolver Borrowers shall immediately
prepay Revolving Credit Loans and/or cash collateralize the Letters of Credit (in accordance with Section 2.7(j)) in an aggregate amount equal to such excess. 

2.15       Interest. (a) Subject to Section 9.17, each Loan shall bear interest
at the Reference Rate plus the Applicable Margin. 
 (b)       Following the
occurrence and during the continuation of a Specified Event of Default, the applicable Borrowers shall pay interest on overdue amounts hereunder at a rate per annum equal to (the “Default Rate”): (i) in the case of
overdue principal of, or interest on, any Loan, 2.00% plus the rate otherwise applicable to such Loan as provided in the preceding paragraphs of this Section 2.15 or (ii) in the case of any other overdue amount, 2.00% plus
the rate applicable to ABR Loans as provided in paragraph (a) of this Section 2.15. 

(c)       Accrued interest on each Loan shall be payable in arrears on each
Interest Payment Date for such Loan and, in the case of Revolving Credit Loans, upon termination of the Revolving Credit Commitments; provided, that (i) interest accrued pursuant to paragraph (b) of this Section 2.15 shall be
payable on demand, (ii) in the event of any repayment or prepayment of any Loan (other than a prepayment of an ABR Revolving Credit Loan that is not made in connection with the termination or permanent reduction of Revolving Credit
Commitments), accrued interest on the principal amount repaid or prepaid shall be payable on the date of such repayment or prepayment and (iii) in the event of any conversion of any Eurodollar Loan prior to the end of the current Interest
Period therefor, accrued interest on such Loan shall be payable on the effective date of such conversion. 

(d)       All interest hereunder shall be computed on the basis of a year of
360 days (or a 365- or 366-day year, as the case may be). The applicable Alternate Base Rate, Adjusted LIBO Rate or LIBO Rate shall be determined by the applicable
Administrative Agent, and such determination shall be conclusive absent manifest error. 

(e)       Notwithstanding anything to the contrary in the foregoing
clauses (a) and (b), and to the extent in compliance with Section 2.23, 2.24 or 2.25, as applicable, Loans made pursuant to an Incremental Facility or Replacement Facility or extended in connection with an Extension Offer shall bear
interest at the rate set forth in the applicable Permitted Amendment to the extent a different interest rate is specified therein. 

2.16       Alternate Rate of Interest. If prior to the commencement of any Interest
Period for a Eurodollar Borrowing: 

  
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 (a)       the applicable
Administrative Agent determines (which determination shall be conclusive absent manifest error) that adequate and reasonable means do not exist for ascertaining the Adjusted LIBO Rate for such Interest Period; or 

(b)       the applicable Administrative Agent is advised by the Required
Lenders that the Adjusted LIBO Rate for such Interest Period will not adequately and fairly reflect the cost to such Lenders (or Lender) of making or maintaining their Loans (or its Loan) included in such Borrowing for such Interest Period; 

then the applicable Administrative Agent shall give notice thereof to the applicable Borrowers and the Lenders by telephone or facsimile as
promptly as practicable thereafter and, until the applicable Administrative Agent notifies the applicable Borrowers and the Lenders that the circumstances giving rise to such notice no longer exist, (i) any Interest Election Request that
requests the conversion of any Borrowing to, or continuation of any Borrowing as, a Eurodollar Borrowing shall be ineffective and (ii) if any Borrowing Request requests a Eurodollar Revolving Credit Borrowing, such Borrowing shall be made as,
or converted to, an ABR Borrowing. 
 2.17         Increased Costs.
(a) If any Change in Law shall: 
 (i)       subject any Agent, any
Lender or any Issuing Bank to any Taxes (other than (A) Indemnified Taxes, (B) Taxes described in clauses (b) through (d) of the definition of Excluded Taxes or (C) Connection Income Taxes) on its loans, loan principal,
letters of credit, commitments, or other obligations, or its deposits, reserves, other liabilities or capital attributable thereto; 

(ii)       impose, modify or deem applicable any reserve, special deposit or
similar requirement against assets of, deposits with or for the account of, or credit extended by, any Lender (except any such reserve requirement reflected in the Adjusted LIBO Rate) or any Issuing Bank; or 

(iii)      impose on any Lender or any Issuing Bank or the London interbank
market any other condition, cost or expense (other than Taxes) affecting this Agreement or Eurodollar Loans made by such Lender or any Letter of Credit or participation therein; 

and the result of any of the foregoing shall be to increase the cost to such Lender (or in the case of clause (i) above, to such Agent,
such Lender or such Issuing Bank, as the case may be) of making or maintaining any Eurodollar Loan (or in the case of clause (i) above, any Loan) (or of maintaining its obligation to make any such Loan) or to increase the cost to such Agent,
such Lender or such Issuing Bank, as the case may be, of participating in, issuing or maintaining any Letter of Credit or to reduce the amount of any sum received or receivable by such Agent, such Lender or such Issuing Bank, as the case may be,
hereunder (whether of principal, interest or otherwise), then the applicable Borrower will pay to such Agent, such Lender or such Issuing Bank, as the case may be, such additional amount or amounts as will compensate such Agent, such Lender or such
Issuing Bank, as the case may be, for such additional costs incurred or reduction suffered; provided, in 

  
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each case, that such Agent, such Lender or such Issuing Bank certifies that it has requested such payments from similarly situated borrowers. 

(b)       If any Lender or any Issuing Bank determines that any Change in Law
regarding capital or liquidity requirements has or would have the effect of reducing the rate of return on such Lender’s or such Issuing Bank’s capital or on the capital of such Lender’s or such Issuing Bank’s holding company, if
any, as a consequence of this Agreement or the Loans made by, or participations in Letters of Credit held by, such Lender, or the Letters of Credit issued by such Issuing Bank, to a level below that which such Lender or such Issuing Bank or such
Lender’s or such Issuing Bank’s holding company could have achieved but for such Change in Law (taking into consideration such Lender’s or such Issuing Bank’s policies and the policies of such Lender’s or such Issuing
Bank’s holding company with respect to capital adequacy or liquidity), then from time to time the applicable Borrower will pay to such Lender or such Issuing Bank, as the case may be, such additional amount or amounts as will compensate such
Lender or such Issuing Bank or such Lender’s or such Issuing Bank’s holding company for any such reduction; provided, in each case, that such Agent or such Lender or such Issuing Bank certifies that it has requested such payments from
similarly situated borrowers. 
 (c)       A certificate of a Lender or an
Issuing Bank setting forth in reasonable detail the matters giving rise to a claim under this Section 2.17 by such Lender or such Issuing Bank or its holding company, as the case may be, as specified in paragraph (a) or (b) of this
Section 2.17 shall be delivered to the Revolver Borrowers and shall be conclusive absent manifest error. The applicable Revolver Borrower shall pay such Lender or such Issuing Bank, as the case may be, the amount shown as due on any such
certificate within ten (10) Business Days after receipt thereof. 

(d)       Failure or delay on the part of any Lender or any Issuing Bank to
demand compensation pursuant to this Section 2.17 shall not constitute a waiver of such Lender’s or such Issuing Bank’s right to demand such compensation; provided, that the Revolver Borrowers shall not be required to compensate a
Lender or an Issuing Bank pursuant to this Section 2.17 for any increased costs or reductions incurred more than 180 days prior to the date that such Lender or such Issuing Bank, as the case may be, notifies the Revolver Borrowers of the Change
in Law giving rise to such increased costs or reductions and of such Lender’s or such Issuing Bank’s intention to claim compensation therefor; provided, further, that, if the Change in Law giving rise to such increased costs or reductions
is retroactive, then the 180-day period referred to above shall be extended to include the period of retroactive effect thereof. 

(e)       If any Lender reasonably determines that any Requirement of Law has
made it unlawful, or that any Governmental Authority has asserted that it is unlawful, for any Lender or its applicable lending office to make, maintain or fund Eurodollar Loans, or to determine or charge interest rates based upon the Adjusted LIBO
Rate, then, on notice thereof by such Lender to the Revolver Borrowers through the applicable Administrative Agent, any obligation of such Lender to make or continue Eurodollar Loans or to convert ABR Loans to Eurodollar Loans shall be suspended
until such Lender notifies the applicable Administrative Agent and the Revolver Borrowers that the circumstances giving rise to such determination no longer exist. Upon receipt of such notice, the applicable Revolver Borrower may at its option

  
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revoke any pending request for a borrowing of, conversion to or continuation of Eurodollar Loans and shall, upon demand from such Lender (with a copy to the applicable Administrative Agent),
prepay or, if applicable, convert all Eurodollar Loans of such Lender to ABR Loans, either on the last day of the Interest Period therefor, if such Lender may lawfully continue to maintain such Eurodollar Loans to such day, or immediately, if such
Lender may not lawfully continue to maintain such Eurodollar Loans. Upon any such prepayment or conversion, the applicable Revolver Borrower shall also pay accrued interest on the amount so prepaid or converted. Each Lender agrees to designate a
different lending office if such designation will avoid the need for such notice and will not, in the good faith judgment of such Lender, otherwise cause economic, legal or regulatory disadvantage to such Lender. 

2.18         Break Funding Payments. In the event of (a) the payment of
any principal of any Eurodollar Loan other than on the last day of an Interest Period applicable thereto (including as a result of an Event of Default), (b) the conversion of any Eurodollar Loan other than on the last day of the Interest Period
applicable thereto, (c) the failure to borrow, convert, continue or prepay any Eurodollar Loan on the date specified in any notice delivered pursuant hereto (regardless of whether such notice is conditional as contemplated by
Section 2.12(c) and such condition is not satisfied) or (d) the assignment of any Eurodollar Loan other than on the last day of the Interest Period applicable thereto as a result of a request by the applicable Borrowers pursuant to
Section 2.21(c), then, in any such event, the applicable Borrowers shall compensate each Lender for the loss, cost and expense attributable to such event (including, without limitation, any loss, expense or liability incurred by reason of the
liquidation or reemployment of deposits or other funds required by such Lender to fund its Eurodollar Loans but excluding loss of anticipated profits). A certificate of any Lender setting forth any amount or amounts that such Lender is entitled to
receive pursuant to this Section 2.18 shall be delivered to the applicable Borrowers and shall be conclusive absent manifest error. Absent manifest error in the determination of such amount, the applicable Borrowers shall pay such Lender the
amount shown as due on any such certificate within ten Business Days after receipt thereof. 

2.19         Taxes. (a) Any and all payments by or on account of any
obligation of any Loan Party hereunder or under any other Loan Document shall be made free and clear of and without deduction or withholding for any Taxes, except as required by Requirement of Tax Law. If the applicable Withholding Agent shall be
required (as determined by such Withholding Agent in its good faith discretion) by Requirement of Tax Law to deduct or withhold any Taxes from such payments, then (i) in the case of deduction or withholding for Indemnified Taxes the sum payable
shall be increased by the applicable Loan Party as necessary so that after making all required deductions with respect to such Indemnified Taxes (including such deductions and withholdings applicable to additional sums with respect to such
Indemnified Taxes payable under this Section 2.19(a)) the applicable Agent or Lender or Issuing Bank (as the case may be) receives an amount equal to the sum it would have received had no such deductions or withholdings been made, (ii) the
applicable Withholding Agent shall make or cause to be made such deductions or withholdings and (iii) the applicable Withholding Agent shall pay or cause to be paid the full amount deducted to the relevant Governmental Authority in accordance
with Requirement of Tax Law. 

  
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 (b)       In addition, the
Borrowers shall timely pay to the relevant Governmental Authority in accordance with applicable law, or at the option of the applicable Administrative Agent timely reimburse it for the payment of, any Other Taxes. 

(c)        (i)     The Borrowers shall indemnify each
Agent and each Lender and Issuing Bank, within 30 days after written demand therefor, for the full amount of any Indemnified Taxes (including Indemnified Taxes imposed or asserted on or attributable to amounts payable under this Section 2.19)
payable or paid by such Agent or such Lender or Issuing Bank or required to be withheld or deducted from a payment to such Agent or Lender or Issuing Bank, as the case may be, and any reasonable expenses arising therefrom or with respect thereto,
whether or not such Indemnified Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. A certificate setting forth in reasonable detail the basis for such claim and the amount of any such payment or liability
shall be delivered to the applicable Borrowers by a Lender (with a copy to the applicable Administrative Agent) or Issuing Bank or by the applicable Agent on its own behalf or on behalf of a Lender or Issuing Bank, and shall be conclusive absent
manifest error. 
 (ii)       Without limiting the provisions of subsection
(a) or (b) above, each Lender and each Issuing Bank shall, and does hereby indemnify each Borrower and each Agent, and shall make payment in respect thereof within 10 days after demand therefor, against any and all Taxes and any and all related
losses, claims, liabilities, penalties, interest and expenses (including the fees, charges and disbursements of any counsel for the Agents) incurred by or asserted against such Borrower or such Agent, as applicable, by any Governmental Authority as
a result of the failure by such Lender or such Issuing Bank, as the case may be, to deliver, or as a result of the inaccuracy, inadequacy or deficiency of, any documentation required to be delivered by such Lender or such Issuing Bank, as the case
may be, to the applicable Borrower or the applicable Agent, as applicable, pursuant to subsection (e) below. Each Lender and each Issuing Bank hereby authorizes each Agent to set off and apply any and all amounts at any time owing to such
Lender or such Issuing Bank, as the case may be, under this Agreement or any other Loan Document against any amount due to such Agent under this clause (ii). The agreements in this clause (ii) shall survive the resignation and/or replacement of
any Agent, any assignment of rights by, or the replacement of, a Lender or an Issuing Bank, the termination of the Commitments and the repayment, satisfaction or discharge of all other Obligations. 

(d)       As soon as practicable after any payment of Taxes by a Loan Party to
a Governmental Authority pursuant to this Section 2.19, the Loan Party shall deliver to the applicable Administrative Agent the original or a certified copy of a receipt issued by such Governmental Authority evidencing such payment, a copy of
the return reporting such payment or other evidence of such payment reasonably satisfactory to the applicable Administrative Agent. 

(e)       (i) Any Lender or Issuing Bank that is entitled to an exemption from
or reduction of withholding Tax with respect to payments made under any Loan Document shall deliver to the applicable Borrowers and the applicable Administrative Agent, at the time or times reasonably requested by the applicable Borrowers or the
applicable Administrative Agent, such properly completed and executed documentation reasonably requested by the applicable 

  
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Borrowers or the applicable Administrative Agent as will permit such payments to be made without withholding or at a reduced rate of withholding. In addition, any Lender or Issuing Bank, if
reasonably requested by the applicable Borrowers or the applicable Administrative Agent, shall deliver such other documentation prescribed by applicable law or reasonably requested by the applicable Borrowers or the applicable Administrative Agent
as will enable the applicable Borrowers or the applicable Administrative Agent to determine whether or not such Lender or Issuing Bank is subject to backup withholding or information reporting requirements. Notwithstanding anything to the contrary
in the preceding two sentences, the completion, execution and submission of such documentation (other than such documentation set forth in Section 2.19(e)(ii)(A), (ii)(B) and (ii)(F) below) shall not be required if in such Lender’s or
Issuing Bank’s reasonable judgment such completion, execution or submission would subject such Lender or Issuing Bank to any material unreimbursed cost or expense or would materially prejudice the legal or commercial position of such Lender or
Issuing Bank. 
 (ii)         Without limiting the generality of
the foregoing, with respect to the Obligations of HII and the Term Loan Borrower: 

(A)         any Lender or Issuing Bank that is a US Person shall
deliver to the applicable Borrowers and the applicable Administrative Agent on or prior to the date on which it becomes a party to this Agreement (and from time to time thereafter upon the reasonable request of the applicable Borrowers or the
applicable Administrative Agent), executed copies of IRS Form W-9 certifying that such Lender or Issuing Bank is exempt from US Federal backup withholding tax; 

(B)         any Foreign Lender shall, to the extent it is legally
entitled to do so, deliver to the applicable Borrowers and the applicable Administrative Agent (in such number of copies as shall be requested by the recipient) on or prior to the date on which such Foreign Lender becomes a Lender under this
Agreement (and from time to time thereafter upon the reasonable request of the applicable Borrowers or the applicable Administrative Agent), whichever of the following is applicable: 

(1)       in the case of a Foreign Lender claiming the benefits of an income
tax treaty to which the United States is a party (x) with respect to payments of interest under any Loan Document, executed copies of IRS Form W-8BEN or W-8BEN-E, as applicable, establishing an exemption from, or reduction of, US Federal withholding Tax pursuant to the “interest” article of such tax treaty and (y) with respect to any other
applicable payments under any Loan Document, executed copies of IRS Form W-8BEN or W-8BEN-E, as applicable, establishing an
exemption from, or reduction of, US Federal withholding Tax pursuant to the “business profits” or “other income” article of such tax treaty; 

(2)       executed copies of IRS
Form W-8ECI; 
 (3)       in the
case of a Foreign Lender claiming the benefits of the exemption for portfolio interest under Section 881(c) of the Code, (x) a 

  
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certificate substantially in the form of Exhibit H-1 to the effect that such Foreign Lender is not a “bank” within the meaning of
Section 881(c)(3)(A) of the Code, a “10 percent shareholder” of such Borrower within the meaning of Section 881(c)(3)(B) of the Code, or a “controlled foreign corporation” described in Section 881(c)(3)(C) of
the Code (a “US Tax Compliance Certificate”) and (y) executed copies of IRS Form W-8BEN or W-8BEN-E,
as applicable; or 
 (4)       to the extent a Foreign Lender is not the
beneficial owner, executed copies of IRS Form W-8IMY, accompanied by IRS Form W-8ECI, IRS Form W-8BEN or W-8BEN-E, as applicable, a US Tax Compliance Certificate substantially in the form of Exhibit H-2 or Exhibit H-3, IRS Form W-9, and/or other certification documents from each beneficial owner, as applicable; provided, that if the Foreign Lender is a partnership and
one or more direct or indirect partners of such Foreign Lender are claiming the portfolio interest exemption, such Foreign Lender may provide a US Tax Compliance Certificate substantially in the form of
Exhibit H-4 on behalf of each such direct and indirect partner; 

(C)       any Foreign Lender shall, to the extent it is legally entitled to do
so, deliver to the applicable Borrowers and the applicable Administrative Agent (in such number of copies as shall be requested by the recipient) on or prior to the date on which such Foreign Lender becomes a Lender under this Agreement (and from
time to time thereafter upon the reasonable request of the applicable Borrowers or the applicable Administrative Agent), executed copies of any other form prescribed by applicable law as a basis for claiming exemption from or a reduction in US
Federal withholding Tax, duly completed, together with such supplementary documentation as may be prescribed by applicable law to permit the applicable Borrowers or the applicable Administrative Agent to determine the withholding or deduction
required to be made; and 
 (D)       each Lender shall promptly
(x) notify Parent and the applicable Agent of any change in circumstances that would modify or render invalid any claimed exemption or reduction, and (y) take such steps as shall not be materially disadvantageous to it, in the reasonable
judgment of such Lender, and as may be reasonably necessary (including the redesignation of its lending office) to avoid any requirement of applicable Laws of any jurisdiction that any Borrower or such Agent make any withholding or deduction for
taxes from amounts payable to such Lender. In furtherance of the foregoing, each Lender agrees that if any form or certification previously delivered by it expires or becomes obsolete or inaccurate in any respect, it shall update such form or
certification or promptly notify the Borrowers and such Agent of its legal inability to do so; 

(E)       each of the Borrowers shall promptly deliver to any Agent or any
Lender, as such Agent or such Lender shall reasonably request, on or prior to the Closing Date (or such later date on which it first becomes a Borrower), and in a 

  
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timely fashion thereafter, such documents and forms required by any relevant taxing authorities under the Laws of any jurisdiction, duly executed and completed by such Borrower, as are required
to be furnished by such Lender or such Agent under such Laws in connection with any payment by the Administrative Agent or any Lender of Taxes or Other Taxes, or otherwise in connection with the Loan Documents, with respect to such jurisdiction; and

 (F)       if a payment made to a Lender or Issuing Bank under any Loan
Document would be subject to US Federal withholding Tax imposed pursuant to FATCA if such Lender or Issuing Bank were to fail to comply with any requirements of FATCA (including those contained in Section 1471(b) or 1472(b) of the Code, as
applicable), such Lender or Issuing Bank shall deliver to the applicable Borrowers and the applicable Administrative Agent at the time or times prescribed by law and at such time or times reasonably requested by the applicable Borrowers or the
applicable Administrative Agent such documentation prescribed by any Requirement of Tax Law (including as prescribed by Section 1471(b)(3)(C)(i) of the Code) and such additional documentation reasonably requested by the applicable Borrowers or
the applicable Administrative Agent as may be necessary for the applicable Borrowers or the applicable Administrative Agent to comply with their obligations under FATCA, to determine whether such Lender or Issuing Bank has or has not complied with
such Lender’s or Issuing Bank’s obligations under FATCA and to determine the amount (if any) to deduct and withhold from such payment. To the extent that the relevant documentation provided pursuant to this paragraph is rendered obsolete
or inaccurate in any material respect as a result of changes in circumstances with respect to the status of a Lender or Issuing Bank, such Lender or Issuing Bank shall, to the extent permitted by Requirement of Tax Law, deliver to the applicable
Borrowers and the applicable Administrative Agent revised or updated documentation sufficient for the applicable Borrowers or the applicable Administrative Agent to confirm as to whether such Lender or Issuing Bank has complied with its obligations
under FATCA. Solely for purposes of this clause (F), “FATCA” shall include any amendments made to FATCA after the date of this Agreement. 

Each Lender or Issuing Bank agrees that if any form or certification it previously delivered expires or becomes obsolete or inaccurate in any
respect, it shall update such form or certification or promptly notify the applicable Borrowers and the applicable Administrative Agent in writing of its legal inability to do so. 

(f)       Each Lender and Issuing Bank shall indemnify the applicable
Administrative Agent, within ten (10) days after demand therefor, for the full amount of any Taxes imposed by any Governmental Authority that are attributable to such Lender or Issuing Bank (including any Taxes attributable to such Lender or
Issuing Bank’s failure to comply with the provisions of Section 9.4(c) relating to the maintenance of a Participant Register) and that are payable or paid by the applicable Administrative Agent in connection with any Loan Document,
together with all interest, penalties, reasonable costs and expenses arising therefrom 

  
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or with respect thereto, as determined by the applicable Administrative Agent in good faith, whether or not such Taxes were correctly or legally imposed or asserted by the relevant Governmental
Authority. A certificate as to the amount of such payment or liability delivered to any Lender or Issuing Bank by the applicable Administrative Agent shall be conclusive absent manifest error. Each Lender and Issuing Bank hereby authorizes the
applicable Administrative Agent to set off and apply any and all amounts at any time owing to such Lender or Issuing Bank under any Loan Document or otherwise payable by the applicable Administrative Agent to the Lender or Issuing Bank from any
other source against any amount due to the applicable Administrative Agent under this Section 2.19(f). 

(g)       If any Agent or any Lender or Issuing Bank determines, in its sole
discretion exercised in good faith, that it has received a refund of any Taxes as to which it has been indemnified by a Loan Party or with respect to which a Loan Party has paid additional amounts pursuant to this Section 2.19, it shall pay
over an amount equal to such refund to the applicable Loan Party within a reasonable period (but only to the extent of indemnity payments made, or additional amounts paid, by such Loan Party under this Section 2.19 with respect to the Taxes
giving rise to such refund), net of all out-of-pocket expenses (including Taxes) of such Agent or such Lender or Issuing Bank and without interest (other than any
interest paid by the relevant Governmental Authority with respect to such refund); provided, that such Loan Party, upon the request of such Agent or such Lender or Issuing Bank, agrees to repay the amount paid over to such Loan Party pursuant to
this Section 2.19(g) (plus any penalties, interest or other charges imposed by the relevant Governmental Authority) to such Agent or such Lender or Issuing Bank in the event such Agent or such Lender or Issuing Bank is required to repay such
refund to such Governmental Authority. Notwithstanding anything to the contrary in this subsection, in no event will any Agent, Lender or Issuing Bank be required to pay any amount to any Loan Party pursuant to this subsection the payment of which
would place such Agent, Lender or Issuing Bank in a less favorable net after-Tax position than such Agent, Lender or Issuing Bank would have been in if the Tax subject to indemnification and giving rise to
such refund had not been deducted, withheld or otherwise imposed and the indemnification payments or additional amounts with respect to such Tax had never been paid. This Section 2.19(g) shall not be construed to require any Agent or any Lender
or Issuing Bank to make available its tax returns (or any other information relating to its Taxes that it deems confidential) to any Loan Party or any other Person. 

(h)       Each party’s obligations under this Section 2.19 shall
survive the resignation or replacement of any Agent or any assignment of rights by, or the replacement of, a Lender or Issuing Bank, the termination of the Commitments and the repayment, satisfaction or discharge of all obligations under any Loan
Document. 
 2.20         Payments Generally; Pro Rata Treatment; Sharing of Set-offs. (a) Each Borrower shall make each payment required to be made by it hereunder (whether of principal, interest, fees or reimbursement of LC Disbursements, or of amounts payable under
Section 2.17, 2.18 or 2.19, or otherwise) prior to the time expressly required hereunder or under such other Loan Document for such payment (or if no such time is expressly required, prior to 1:00 p.m. New York City time), on the date when due,
in immediately available funds, without set off or counterclaim. Any amounts received after such time on any date may, in the discretion of the applicable 

  
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Administrative Agent, be deemed to have been received on the next succeeding Business Day for purposes of calculating interest thereon. All such payments shall be made to the Term Loan A Agent at
its offices at 520 Madison Avenue, New York, New York 10022 and to the Term B Agent and Revolver Administrative Agent at its offices at 245 Park Avenue, New York, NY 10167, except payments to be made directly to an Issuing Bank as expressly provided
herein and except that payments pursuant to Section 2.17, 2.18, 2.19, 9.3 or pursuant to the Dutch Auction Procedures shall be made directly to the Persons entitled thereto and payments pursuant to other Loan Documents shall be made to the
Persons specified therein. The applicable Administrative Agent shall distribute any such payments received by it for the account of any other Person to the appropriate recipient recorded in the Register promptly following receipt thereof. Except as
otherwise provided herein, if any payment under any Loan Document shall be due on a day that is not a Business Day, the date for payment shall be extended to the next succeeding Business Day and, in the case of any payment accruing interest,
interest thereon shall be payable for the period of such extension. All payments under each Loan Document of principal or interest in respect of any Loan (or of any breakage indemnity in respect of any Loan) shall be made in the currency of such
Loan and, except as otherwise set forth in any Loan Document, all other payments under each Loan Document shall be made in US Dollars. Any Term Loans paid or prepaid may not be reborrowed. 

(b)       If at any time insufficient funds are received by and available to
the Revolver Administrative Agent to pay fully all amounts of principal, unreimbursed LC Disbursements, interest and fees then due hereunder, such funds shall be applied (i) first, towards payment of interest and fees then due hereunder,
ratably among the parties entitled thereto in accordance with the amounts of interest and fees then due to such parties, and (ii) second, towards payment of principal and unreimbursed LC Disbursements then due hereunder, ratably among the
parties entitled thereto in accordance with the amounts of principal and unreimbursed LC Disbursements then due to such parties. 

(c)       If any Lender shall, by exercising any right of set off or
counterclaim or otherwise, obtain payment in respect of any principal of, or interest on, any of its Loans or participations in LC Disbursements resulting in such Lender receiving payment of a greater proportion of the aggregate amount of its Loans
and participations in LC Disbursements and accrued interest thereon than the proportion received by any other Lender, then the Lender receiving such greater proportion shall purchase (for cash at face value) participations in the Loans and
participations in LC Disbursements of other Lenders to the extent necessary so that the benefit of all such payments shall be shared by the Lenders ratably in accordance with the aggregate amount of principal of and accrued interest on their
respective Loans and participations in LC Disbursements; provided, that (i) if any such participations are purchased and all or any portion of the payment giving rise thereto is recovered, such participations shall be rescinded and the purchase
price restored to the extent of such recovery, without interest, and (ii) the provisions of this paragraph shall not be construed to apply to any payment made by any Borrower pursuant to and in accordance with the express terms of this
Agreement (including Sections 2.21(b) or (c), 2.23, 2.24, 2.25 and 9.4(g) or pursuant to the terms of any Permitted Amendment) or any payment obtained by a Lender as consideration for the assignment of or sale of a participation in any of its Loans
or participations in LC Disbursements to any assignee or participant permitted under this Agreement. Each Borrower consents to the 

  
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foregoing and agrees, to the extent it may effectively do so under applicable law, that any Lender acquiring a participation pursuant to the foregoing arrangements may exercise against any
Borrower rights of set-off and counterclaim with respect to such participation as fully as if such Lender were a direct creditor of such Borrower in the amount of such participation. 

(d)       Unless the applicable Administrative Agent shall have received notice
from any Borrower prior to the date on which any payment is due to the applicable Administrative Agent for the account of the Lenders or any Issuing Bank hereunder that the such Borrower will not make such payment, the applicable Administrative
Agent may assume that such Borrower has made such payment on such date in accordance herewith and may, in reliance upon such assumption, distribute to the applicable Lender or Issuing Bank, as the case may be, the amount due. In such event, if such
Borrower has not in fact made such payment, then each of the Lenders or Issuing Banks, as the case may be, severally agrees to repay to the applicable Administrative Agent forthwith on demand the amount so distributed to such Lender or such Issuing
Bank with interest thereon, for each day from and including the date such amount is distributed to it to but excluding the date of payment to the applicable Administrative Agent, at the Overnight Rate. 

(e)       If any Lender shall fail to make any payment required to be made by
it pursuant to Sections 2.7(d) or (e), 2.8(b), 2.20(d) or 8.7, then the applicable Administrative Agent may, in its discretion (notwithstanding any contrary provision hereof), apply any amounts thereafter received by the applicable Administrative
Agent for the account of such Lender to satisfy such Lender’s obligations under such Sections until all such unsatisfied obligations are fully paid. 

2.21         Mitigation Obligations; Replacement of Lenders. (a) If any
Lender requests compensation under Section 2.17, or if any Borrower is required to pay any Indemnified Taxes, Other Taxes or additional amount to any Lender or Issuing Bank or any Governmental Authority for the account of any Lender or Issuing
Bank pursuant to Section 2.19, then such Lender or Issuing Bank shall use reasonable efforts to designate a different lending office for funding or booking its Loans or Letters of Credit hereunder or to assign its rights and obligations
hereunder to another of its offices, branches or affiliates, if, in the reasonable judgment of such Lender or Issuing Bank, such designation or assignment (i) would eliminate or reduce amounts payable pursuant to Section 2.17 or 2.19, as
the case may be, in the future and (ii) would not subject such Lender or Issuing Bank to any unreimbursed cost or expense and would not otherwise cause material economic, legal or regulatory disadvantage to such Lender or Issuing Bank. Each
applicable Borrower hereby agrees to pay all reasonable and documented (in reasonable detail) out-of-pocket costs and expenses incurred by any Lender or Issuing Bank in
connection with any such designation or assignment. 
 (b)       If any
Lender (or any Participant in the Loans held by such Lender) requests compensation under Section 2.17, or if any Borrower is required to pay any Indemnified Taxes, Other Taxes or additional amount to any Lender (or its Participant) or any
Governmental Authority for the account of any Lender pursuant to Section 2.19, or if any Lender becomes a Defaulting Lender, then applicable Borrowers may, at their sole expense and effort, upon notice to such Lender and the applicable
Administrative Agent, either (i) require 

  
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such Lender to assign and delegate, without recourse (in accordance with and subject to the restrictions contained in Section 9.4), all its interests, rights and obligations under this
Agreement (other than surviving rights to payments pursuant to Section 2.17 or 2.19) and the related Loan Documents to an assignee (other than a Disqualified Lender) that shall assume such obligations (which assignee may be another Lender, if a
Lender accepts such assignment); provided, that (A) the applicable Borrowers shall have received the prior written consent of the applicable Administrative Agent and each Issuing Bank, to the extent consent for an Assignment and Assumption
would be required by such Person pursuant to Section 9.4, which consent, in each case, shall not be unreasonably withheld, conditioned or delayed, (B) such Lender shall have received payment of an amount equal to the outstanding principal
of its Loans and funded participations in LC Disbursements, accrued interest thereon, accrued fees and all other amounts payable to it hereunder, from the assignee (to the extent of such outstanding principal and accrued interest and fees) or the
applicable Borrowers (in the case of all other amounts) and (C) in the case of any such assignment resulting from a claim for compensation under Section 2.17 or payments required to be made pursuant to Section 2.19, such assignment
will result in a reduction in such compensation or payments, or (ii) so long as no Default or Event of Default shall have occurred and be continuing, terminate the Commitment of such Lender and repay all obligations of the applicable Borrowers
owing to such Lender relating to the Loans and participations held by such Lender as of such termination date. A Lender shall not be required to make any such assignment and delegation, or to have its Commitments terminated and its obligations
hereunder repaid, if, prior thereto, as a result of a waiver by such Lender or otherwise, the circumstances entitling the applicable Borrowers to require such assignment and delegation, or to terminate such Commitments and repay such obligations,
cease to apply. 
 (c)       If any Lender (such Lender, a “Non-Consenting Lender”) has failed to consent to a proposed amendment, waiver, discharge or termination which pursuant to the terms of Section 9.2 requires the consent of all of the Lenders or all
affected Lenders or all Lenders or all affected Lenders of a certain Class or Classes or with respect to a certain Class or Classes of the Loans and with respect to which the Required Lenders, Required Revolving Lenders, Required Term A
Lenders or the Required Term B Lenders with respect to the applicable Class or Classes shall have granted their consent, then the applicable Borrowers shall have the right (unless such Non-Consenting
Lender grants such consent) to either (i) replace such Non-Consenting Lender by requiring such Non-Consenting Lender to assign all or the affected portion of its
Loans and its Commitments hereunder to one or more assignees reasonably acceptable to the applicable Administrative Agent (other than a Disqualified Lender); provided, that (A) all Obligations (other than Obligations in respect of any
Specified Hedge Agreements, Cash Management Obligations, contingent reimbursement and indemnification obligations, in each case, which are not then due and payable) of the applicable Borrowers owing to such
Non-Consenting Lender being replaced shall be paid in full to such Non-Consenting Lender concurrently with such assignment (including any amount owed pursuant to
Section 2.12(e), if applicable), (B) the replacement Lender shall purchase the foregoing by paying to such Non-Consenting Lender a price equal to the principal amount thereof plus accrued and unpaid
interest thereon, (C) in connection with any such assignment the applicable Borrowers, such Non-Consenting Lender and the replacement Lender shall otherwise comply with Section 9.4 (including
obtaining the consent of the applicable Administrative Agent and each Issuing Bank 

  
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if so required thereunder); provided, that, if the required Assignment and Assumption is not executed and delivered by such Non-Consenting Lender,
such Non-Consenting Lender will be unconditionally and irrevocably deemed to have executed and delivered such Assignment and Assumption as of the date such
Non-Consenting Lender receives payment in full of the Obligations (other than Obligations in respect of any Specified Hedge Agreements, Cash Management Obligations, contingent reimbursement and indemnification
obligations, in each case, which are not then due and payable) of the applicable Borrowers owing to such Non-Consenting Lender, (D) the replacement Lender shall pay any processing and recordation fee
referred to in Section 9.4(b)(ii)(C), if applicable, in accordance with the terms of such Section and (E) the replacement Lender shall grant its consent with respect to the applicable proposed amendment, waiver, discharge or termination,
or (ii) so long as no Default or Event of Default shall have occurred and be continuing, terminate the Commitment of such Non-Consenting Lender and repay all obligations of the applicable Borrowers owing
to such Lender relating to the Loans held by such Non-Consenting Lender as of such termination date; provided, that such termination shall be sufficient (together with all other consenting Lenders) to
cause the adoption of the applicable waiver or amendment of the applicable Loan Document or Loan Documents. 

(d)       Each Lender agrees that if it is replaced pursuant to this
Section 2.21, it shall execute and deliver to the applicable Administrative Agent an Assignment and Assumption to evidence such sale and purchase and shall deliver to the applicable Administrative Agent any Note (if the assigning Lender’s
Loans are evidenced by Notes) subject to such Assignment and Assumption; provided, that the failure of any Lender replaced pursuant to this Section 2.21 to execute an Assignment and Assumption or deliver such Notes shall not render such
sale and purchase (and the corresponding assignment) invalid and such assignment shall be recorded in the Register and the Notes shall be deemed cancelled upon such failure. Each Lender hereby irrevocably appoints the applicable Administrative Agent
(such appointment being coupled with an interest) as such Lender’s attorney-in-fact, with full authority in the place and stead of such Lender and in the name of
such Lender, from time to time in the applicable Administrative Agent’s discretion, with prior written notice to such Lender, to take any action and to execute any such Assignment and Assumption or other instrument that the applicable
Administrative Agent may deem reasonably necessary to carry out the provisions of clause (b) or (c) of this Section 2.21. 

2.22         Defaulting Lenders. Notwithstanding any provision of this
Agreement to the contrary, if any Lender becomes a Defaulting Lender, then, so long as such Lender is a Defaulting Lender: 

(a)       commitment fees shall cease to accrue on the unused portion of the
Revolving Credit Commitment of such Defaulting Lender pursuant to Section 2.13(a); 

(b)       the Revolving Credit Commitment and Revolving Credit Exposure of such
Defaulting Lender shall not be included in determining whether the Required Lenders, the Required Revolving Lenders or other requisite Lenders have taken or may take any action hereunder (including any consent to any amendment, waiver or other
modification pursuant to Section 9.2); provided, that this paragraph shall not apply to the vote of a Defaulting Lender in the case of an amendment, waiver or other modification requiring the consent of such Lender or each

  
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Lender affected thereby if such amendment, waiver or modification would adversely affect such Defaulting Lender compared to other similarly affected Lenders; provided, further, that
no amendment, waiver or modification that would require the consent of a Defaulting Lender under clause (1), (2), (3) or (6) of Section 9.2(b) may be made without the consent of such Defaulting Lender. 

(c)        if any LC Exposure exists at the time such Lender becomes a
Defaulting Lender, then: 
 (i)       all or any part of the LC Exposure of
such Defaulting Lender shall be reallocated among the non-Defaulting Lenders in accordance with their respective Applicable Percentages in respect of the Revolving Credit Facility but only to the extent
(A) the sum of all non-Defaulting Lenders’ Revolving Credit Exposure plus such Defaulting Lender’s LC Exposure attributable to Letters of Credit does not exceed the total of all non-Defaulting Lenders’ Revolving Credit Commitments and (B) the Revolving Credit Exposure of each non-Defaulting Lender after giving effect to such reallocation
does not exceed the Revolving Credit Commitment of such non-Defaulting Lender; 

(ii)       if the reallocation described in clause (i) above cannot, or
can only partially, be effected, the Revolver Borrowers shall, without prejudice to any other right or remedy available to it hereunder or under applicable Requirements of Law, within three (3) Business Days following notice by the Revolver
Administrative Agent, cash collateralize for the benefit of each applicable Issuing Bank only the applicable Revolver Borrower’s obligations corresponding to such Defaulting Lender’s LC Exposure (after giving effect to any partial
reallocation pursuant to clause (i) above) in accordance with the procedures set forth in Section 2.7(j) for so long as such LC Exposure is outstanding or make other arrangements reasonably satisfactory to the Revolver Administrative Agent
and to the applicable Issuing Bank with respect to such LC Exposure and obligations to fund participations; 

(iii)       if the Revolver Borrowers cash collateralize any portion of such
Defaulting Lender’s LC Exposure pursuant to clause (ii) above, the such Revolver Borrowers shall not be required to pay any fees to such Defaulting Lender pursuant to Section 2.13(b) with respect to such Defaulting Lender’s LC
Exposure during the period such Defaulting Lender’s LC Exposure is cash collateralized except to the extent of such fees that became due and payable by any such Revolver Borrower prior to the date such Lender became a Defaulting Lender (it
being understood that any cash collateral provided pursuant to this Section 2.22(c) shall be released promptly following the termination of the Defaulting Lender status of the applicable Lender); 

(iv)       if the LC Exposure of the
non-Defaulting Lenders is reallocated pursuant to clause (i) above, then the fees payable to the Lenders pursuant to Section 2.13(a) and Section 2.13(b) shall be adjusted in accordance with such
non-Defaulting Lenders’ Applicable Percentages; 

  
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 (v)       if all or any
portion of such Defaulting Lender’s LC Exposure is neither reallocated nor cash collateralized pursuant to clause (i) or (ii) above, then, without prejudice to any rights or remedies of any Issuing Bank or any other Lender hereunder, all
fees payable under Section 2.13(b) with respect to such Defaulting Lender’s LC Exposure shall be payable to each applicable Issuing Bank until and to the extent that such LC Exposure is reallocated and/or cash collateralized; 

(d)       so long as such Lender is a Defaulting Lender, no Issuing Bank shall be required to
issue, amend or increase any Letter of Credit, unless it is reasonably satisfied that the related exposure and the Defaulting Lender’s then outstanding LC Exposure will be 100% covered by the Revolving Credit Commitments of the non-Defaulting Lenders and/or cash collateral will be provided by the applicable Revolver Borrowers in accordance with Section 2.22(c), and participating interests in any newly issued or increased Letter of
Credit shall be allocated among non-Defaulting Lenders in a manner consistent with Section 2.22(c)(i) (and such Defaulting Lender shall not participate therein); and 

(e)       if a Defaulting Lender has Revolving Credit Commitments, for purposes of computing
the amount of the obligation of each non-Defaulting Lender to acquire, refinance or fund participations in Letters of Credit, the Applicable Percentage of each
non-Defaulting Lender with a Revolving Credit Commitment, shall be computed without giving effect to the Revolving Credit Commitment of the Defaulting Lender. 

In the event that the Revolver Administrative Agent, the Revolver Borrowers and each Issuing Bank each agrees that a
Defaulting Lender has adequately remedied all matters that caused such Lender to be a Defaulting Lender, then the LC Exposure of the Lenders shall be readjusted to reflect the inclusion of such Lender’s Revolving Credit Commitment and on such
date such Lender shall purchase at par (plus such amount, if any, that would otherwise be reimbursable by the Borrowers pursuant to Section 2.18 as a result of such purchase on such date) such of the Loans of the other Lenders, if any, as the
Revolver Administrative Agent shall determine may be necessary in order for such Lender to hold such Loans in accordance with its Applicable Percentage, and such Lender shall then cease to be a Defaulting Lender with respect to subsequent periods
unless such Lender shall thereafter become a Defaulting Lender. Notwithstanding the fact that any Defaulting Lender has adequately remedied all matters that caused such Lender to be a Defaulting Lender, (x) no adjustments will be made
retroactively with respect to fees accrued or payments made by or on behalf of the Revolver Borrowers while such Lender was a Defaulting Lender and (y) except to the extent otherwise expressly agreed by the affected parties, no change hereunder
from Defaulting Lender to Lender will constitute a waiver or release of any claim of any party hereunder arising from such Lender’s having been a Defaulting Lender. 

2.23         Incremental Facilities. (a) At any time and from time to
time, subject to the terms and conditions set forth herein, (I) the Term Loan Borrower may, by notice to the applicable Term Loan Administrative Agent and/or (II) the Revolver Borrowers may, by notice to the Revolver Administrative Agent
(whereupon, in each case, the applicable Administrative Agent shall promptly deliver a copy of such notice to each of the applicable Lenders): 

  
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 (i)       request to incur
(x) additional Term Loans under the Term Loan A Facility or add one or more additional tranches of term loans, which may be secured on a junior or pari passu basis or unsecured (the “Incremental Term Loan A Facility” and the
term loans funded thereunder, the “Incremental Term A Loans”) or (y) additional Term Loans under the Term Loan B Facility or add one or more additional tranches of term loans, which may be secured on a junior or pari passu
basis or unsecured (the “Incremental Term Loan B Facility” and the term loans funded thereunder, the “Incremental Term B Loans”); and/or 

(ii)       request to incur one or more increases in the Revolving Credit
Commitments (an “Incremental Revolving Increase”) and/or add one or more incremental revolving credit facility tranches (an “Incremental Revolving Tranche”, each such Incremental Revolving Tranche or Incremental
Revolving Increase, an “Incremental Revolving Commitment”, and each such Incremental Revolving Commitment, Incremental Term A Loan or Incremental Term B Loan, an “Incremental Facility”, and any such Incremental
Facility and any Incremental Equivalent Debt, “Incremental Debt”). 
 Notwithstanding anything to the
contrary herein, without the consent of the Required Lenders, the aggregate amount of the Incremental Facilities shall not exceed, at any time, the sum of (i) the greater of (1) $855.0 million, and (2) 100% of Consolidated EBITDA on a pro
forma basis after giving effect to the incurrence of such additional amounts as the most recent test period for which financial statements have been delivered to the Agents pursuant to Section 5.1(a) or 5.1(b), as applicable, plus (ii) all
voluntary prepayments, debt buybacks (to the extent of the actual cash price paid in connection with such buybacks) and any prepayments, repayments, refinancing, substitutions or replacements of any portion of the Term Loans of any Non-Consenting Lender pursuant to Section 2.21(c)(ii), or any other voluntary prepayments of Incremental Debt that is secured by a Lien on the Collateral that is pari passu with the Liens securing the Term Loan
Facility, in each case made prior to the date of incurrence of such Incremental Debt (other than in connection with any refinancing of such Loans or other Incremental Debt or to the extent otherwise financed with the proceeds of long-term
Indebtedness) and, in the case of voluntary prepayments of a revolving credit facility, solely to the extent accompanied by a corresponding permanent commitment reduction (the amount under clauses (i) and (ii), the “Incremental Dollar
Basket”) plus (iii) an unlimited amount (any such Incremental Debt, in each case to the extent incurred under this clause (iii), “Ratio-Based Incremental Debt”) so long as, in the case of this clause (iii),
upon the effectiveness of the relevant Incremental Facility Amendment or the relevant documentation relating to other Incremental Debt, as the case may be, (x) (A) in the case of Incremental Debt that is secured by a Lien on the Collateral that
is pari passu with the Liens securing the applicable Term Loan Facility or (B) in the case of Incremental Debt that is secured by a Lien on the Collateral that is junior to the Liens securing the Term Loan Facility, the First Lien Net Leverage
Ratio calculated on a Pro Forma Basis giving effect to such Incremental Debt and the use of the proceeds thereof (but it being understood that the proceeds from such Incremental Debt shall not be used for netting indebtedness, and any such
Incremental Facility that is a revolving credit facility shall be deemed to be fully drawn on the effective date thereof, and any junior lien Indebtedness incurred in reliance on the Ratio-Based Incremental Debt shall be deemed ranking pari passu in
priority of security to the Obligations in respect of the Facilities at 

  
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all times for any purpose of the calculation of the First Lien Net Leverage Ratio, does not exceed 1.50:1.00 and (y) in the case of Incremental Debt that is unsecured, the Fixed Charge
Coverage Ratio calculated on a Pro Forma Basis giving effect to such Incremental Debt and the use of the proceeds thereof (but it being understood that the proceeds from such Incremental Debt shall not be used for netting indebtedness and any such
Incremental Facility that is a revolving credit facility shall be deemed to be fully drawn on the effective date thereof) shall not be less than 2.00:1.00. Unless elected otherwise by the applicable Borrowers, any Incremental Debt shall be deemed to
have been incurred first, in reliance on the Ratio-Based Incremental Debt to the extent thereof, and second, in reliance on the Incremental Dollar Basket to the extent thereof. Incremental Debt may be incurred contemporaneously in reliance on the
Ratio-Based Incremental Debt and in reliance on the Incremental Dollar Basket, and proceeds from any such incurrence may be utilized in a single transaction, by first calculating the amount available to be incurred in reliance on the Ratio-Based
Incremental Debt and disregarding any concurrent utilization of the Incremental Dollar Basket. Any utilization of the Incremental Dollar Basket may be reclassified at any time, as the applicable Borrower may elect from time to time, as incurred
under the Incremental Ratio Basket if the applicable Borrower satisfies, on a pro forma basis, the applicable leverage or coverage ratio at such time. All Incremental Term A Loans, Incremental Term B Loans and all Incremental Revolving Commitments
shall be in an integral multiple of $1.0 million and in an aggregate principal amount that is not less than $5.0 million (or in such lesser minimum amount agreed by the applicable Administrative Agent (such consent not to be unreasonably
withheld, conditioned or delayed); provided, that such amount may be less than the applicable minimum amount if such amount represents all the remaining availability in respect of the Incremental Facilities. 

(b)       Any Incremental Facility (other than an Incremental Revolving
Increase and an Incremental Term A Loan that is an increase to the Term Loan A Facility or an Incremental Term B Loan that is an increase to the Term Loan B Facility) (i) shall rank pari passu or junior in right of payment to the
Obligations in respect of the other outstanding Term Loans and Revolving Credit Commitments or may be unsecured, in each case as set forth in the relevant Incremental Facility Amendment (which shall be reasonably satisfactory to the applicable
Administrative Agent) and shall not be guaranteed by any Subsidiary that is not also a Guarantor and, if secured, shall be secured on a pari passu or junior basis, by the same Collateral securing the Facilities (which Liens shall be
subject to intercreditor arrangements reasonably satisfactory to the applicable Administrative Agent, the Collateral Agent and the applicable Borrowers), (ii) for purposes of prepayments, shall be treated substantially the same as (or, to the extent
set forth in the relevant Incremental Facility Amendment, less favorably than) the other outstanding Loans and (iii) other than with respect to amortization, maturity date and pricing (including interest rate, fees, funding discounts and
prepayment premiums) and, to the extent permitted pursuant to clause (i) above, ranking of right of payment and/or security, shall have the same terms as the Facilities or such terms that are, when taken as a whole, not materially more
favorable (as reasonably determined by the applicable Borrowers in good faith) to the lenders providing such Incremental Facility than the terms and conditions, taken as a whole, applicable to the then existing Facilities (except with respect to
covenants (including any financial maintenance covenant added for the benefit of lenders providing such Incremental Facility) and other provisions so long as such covenants or other provisions (1) are also added for the benefit of the Lenders
of under the Facilities or (2) only become applicable after the Latest Maturity Date of the then outstanding Facilities at the time of such incurrence of such 

  
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Incremental Facility); provided, that (A) if the effective yield (whether in the form of interest rate margins, original issue discount, upfront fees or a “floor”, with such
increased amount being equated to interest margin for purposes of determining any increase to the applicable interest margin under the applicable Term Loan Facility or Revolving Credit Facility, as applicable) payable to all Lenders providing such
Incremental Facility (but excluding any bona fide arrangement, underwriting, structuring, syndication or other fees payable in connection therewith that are not shared with all Lenders (in their capacity as such) providing such Incremental Facility)
on such Incremental Facility determined as of the initial funding date for such Incremental Facility exceeds the effective yield (determined on same basis as the preceding parenthetical) on the Term Loan Facility or Revolving Credit Facility or any
then-existing Incremental Term A Loans, Incremental Term B Loans and/or Incremental Revolving Tranches that are secured on a pari passu basis with the Obligations (“Pari Passu Incremental Loans/Tranches”), as
applicable, immediately prior to the effectiveness of the applicable Incremental Facility Amendment by more than 0.50%, the Applicable Margin relating to the applicable Term Loan Facility or Revolving Credit Facility or such then existing Pari Passu
Incremental Loans/Tranches, as applicable, shall be adjusted and/or the applicable Borrowers will pay additional fees to Lenders under the applicable Term Loan Facility or Revolving Credit Facility or such then existing Pari Passu Incremental
Loans/Tranches, as applicable, in order that such effective yield on such Incremental Facility shall not exceed such effective yield on the applicable Term Loan Facility or Revolving Credit Facility or such then existing Pari Passu Incremental
Loans/Tranches made on or prior to the date that is 12 months after the Closing Date by more than 0.50% (provided, that if such adjustment is required due to the application of a higher interest rate benchmark floor on such Incremental
Facility, such adjustment shall be effected solely through an increase in the interest rate benchmark floor of the applicable Term Loans or Revolving Credit Facility or such then existing Pari Passu Incremental Loans/Tranches, as applicable (or if
no interest rate benchmark floor applies to the applicable Term Loans or Revolving Credit Facility or such then existing Pari Passu Incremental Loans/Tranches, as applicable, at such time, an interest rate benchmark floor shall be added)), (B) any
Incremental Term A Loans or Incremental Term B Loans shall not have a final maturity date earlier than the then Latest Maturity Date of the then remaining Term B Loans or then existing Pari Passu Incremental Loans/Tranches and any Incremental
Revolving Commitments shall not have a final maturity date earlier than the Revolving Credit Maturity Date and (C) any Incremental Term A Loans or Incremental Term B Loans shall not have a Weighted Average Life to Maturity that is shorter than
the Weighted Average Life to Maturity of the later of the then remaining Term B Loans or then existing Incremental Term A Loans or Incremental Term B Loans, as applicable (determined, solely for the purposes of this clause (C), without giving
effect to prepayments that reduced amortization of the then remaining Term B Loans). Any Incremental Revolving Increase shall be on terms identical to the Revolving Credit Commitments under the Revolving Credit Facility proposed to be increased
thereby and, for the avoidance of doubt, such Incremental Revolving Increase shall be deemed a Revolving Credit Commitment of the applicable Revolving Credit Facility pursuant to the applicable Incremental Facility Amendment (it being understood
that an Incremental Facility establishing Incremental Revolving Increase will not create a separate Revolving Credit Facility and such Incremental Revolving Increase shall be deemed a part of the applicable Revolving Credit Facility);
provided that the Applicable Margin or the Revolving Commitment Fee Rate, in each case 

  
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applicable to the Revolving Credit Commitments and Revolving Credit Loans of such Revolving Credit Facility, may be increased, without the consent of any Lender, in connection with the incurrence
of any Incremental Revolving Increase such that the Applicable Margin or the Revolving Commitment Fee Rate, as applicable, of such Revolving Credit Commitments are identical to those of the Incremental Revolving Increase, but additional upfront or
similar fees may be payable to the lenders participating in the Incremental Revolving Increase without any requirement to pay such amounts to any existing Revolving Credit Lenders. Any Incremental Term A Loan that is an increase to the Term Loan A
Facility or any Incremental Term B Loan that is an increase to the Term Loan B Facility shall be on terms identical to such Term Loan Facility proposed to be increased thereby and, for the avoidance of doubt, such Incremental Term A Loan or
Incremental Term B Loan, as applicable, shall be deemed a Term Loan of the applicable Term Loan Facility pursuant to the applicable Incremental Facility Amendment (it being understood that an Incremental Facility establishing such Incremental Term A
Loan or Incremental Term B Loan will not create a separate Term Loan Facility and such Incremental Term A Loan or Incremental Term B Loan shall be deemed a part of the applicable Term Loan Facility); provided that the Applicable Margin
applicable to the applicable Term Loan Facility may be increased, without the consent of any Lender, in connection with the incurrence of any such Incremental Term Loan B Facility or Incremental Term Loan B Facility, as applicable such that the
Applicable Margin of such Term Loan Facility are identical to those of such Incremental Term A Loans or Incremental Term B Loans, as applicable, but additional upfront or similar fees may be payable to the lenders participating in such Incremental
Term A Loans or Incremental Term B Loans, as applicable, without any requirement to pay such amounts to any existing Term Loan Lenders. 

(c)       Each notice from the applicable Borrowers pursuant to this
Section 2.23 shall set forth the requested amount and proposed terms of the relevant Incremental Term A Loans, Incremental Term B Loans and/or Incremental Revolving Commitments (including whether they will rank pari passu with, or
junior in right of payment to, and pari passu with, or junior in priority of security to, the Obligations in respect of the other outstanding Facilities or will be unsecured). Any Additional Lenders that elect to extend Incremental
Term A Loans, Incremental Term B Loans or Incremental Revolving Commitments shall be reasonably satisfactory to the applicable Borrowers, and (unless such Additional Lender is already a Lender or an Affiliate of a Lender) the applicable
Administrative Agent and, with respect to any Incremental Revolving Commitment, each Issuing Bank (in each case, any approval thereof not to be unreasonably withheld, delayed or conditioned), and, if not already a Lender, shall become a Lender under
this Agreement pursuant to an Incremental Facility Amendment. Each Incremental Facility shall become effective pursuant to an amendment (each, an “Incremental Facility Amendment”) to this Agreement and, as appropriate, the other
Loan Documents, executed by the applicable Borrowers, such Additional Lender or Additional Lenders and the applicable Administrative Agent. No Incremental Facility Amendment shall require the consent of any Lenders or any other Person other than the
applicable Borrowers, the applicable Administrative Agent and the Additional Lenders with respect to such Incremental Facility Amendment. The Lenders hereby irrevocably authorize the Term Loan Administrative Agents to enter into Incremental Facility
Amendments and, as appropriate, amendments to the other Loan Documents as may be necessary in order to establish new tranches or sub-tranches in respect of the existing Term Loans and such other amendments as
may be necessary or 

  
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appropriate in the opinion of the Term Loan Administrative Agents and the Term Loan Borrower to effect the provisions of this Section 2.23 (including to provide for class voting provisions
applicable to the Additional Lenders on terms comparable to the provisions of Section 9.2(b) and including, for the avoidance of doubt, to provide for and reflect junior ranking in right of payment and/or junior priority in respect of Liens on
Collateral, or the unsecured nature of such Incremental Facility, as applicable and as permitted pursuant to this Section 2.23). No Lender shall be obligated to provide any Incremental Term A Loans, Incremental Term B Loans or Incremental
Revolving Commitments unless it so agrees. Commitments in respect of any Incremental Term A Loans, Incremental Term B Loans or Incremental Revolving Commitments shall become Commitments under this Agreement. The effectiveness of any Incremental
Facility Amendment shall, unless otherwise agreed to by the applicable Administrative Agent and the Additional Lenders party thereto, be subject to (i) the payment in full of all fees and expenses owing to the applicable Administrative Agent
and the Lenders in respect of such Incremental Facility, to the extent invoiced prior to such date, and (ii) the satisfaction or waiver on the date thereof (each, an “Incremental Facility Closing Date”) of (x) the
representations and warranties made by any Loan Party in or pursuant to the Loan Documents being true and correct in all material respects on and as of Incremental Facility Closing Date as if made on and as of such date, except for representations
and warranties expressly stated to relate to a specific earlier date, in which case such representations and warranties shall be true and correct in all material respects as of such earlier date (provided, that in each case such materiality
qualifier shall not be applicable to any representations or warranties that already are qualified or modified by materiality or “Material Adverse Effect”); provided, that, (x) in connection with the incurrence of any Limited
Conditionality Incremental Transaction, then the only representations and warranties that will be required to be true and correct in all material respects as of the applicable Incremental Facility Closing Date shall be (A) the Specified
Representations and (B) such of the representations and warranties made by or on behalf of the applicable acquired company or business (or the seller thereof) in the applicable acquisition agreement as are material to the interests of the
Lenders, but only to the extent that Parent (or any Subsidiary of Parent) has the right to terminate the obligations of Parent or such Subsidiary under such acquisition agreement or not consummate such acquisition as a result of the inaccuracy of
such representations or warranties in such acquisition agreement and (y) no Default or Event of Default (or, in the case of any Limited Conditionality Incremental Transaction, and to the extent agreed to by the lenders and other investors
providing such Incremental Facilities, no Specified Event of Default) having occurred and being continuing on the Incremental Facility Closing Date or after giving effect to the Incremental Facility requested to be made on such date. To the extent
reasonably requested by the applicable Administrative Agent, the effectiveness of an Incremental Facility Amendment may be conditioned on the applicable Administrative Agent’s receipt of customary legal opinions with respect thereto, board
resolutions and officers’ certificates and/or reaffirmation agreements consistent with those delivered on the Closing Date under Section 4.1, with respect to Parent and the Restricted Subsidiaries. Upon each Revolving Credit Increase
pursuant to this Section 2.23, each Revolving Credit Lender under such Revolving Credit Facility immediately prior to such increase will automatically and without further act be deemed to have assigned to each Lender providing a portion of the
Incremental Revolving Commitment (each an “Incremental Revolving Lender”) in respect of such increase, and each such Incremental Revolving Lender 

  
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will automatically and without further act be deemed to have assumed, a portion of such Revolving Credit Lender’s participations hereunder in outstanding Letters of Credit under the
applicable Revolving Credit Facility such that, after giving effect to each such deemed assignment and assumption of participations, the percentage of the aggregate outstanding participations hereunder in Letters of Credit held by each Revolving
Credit Lender in such Revolving Credit Facility (including each such Incremental Revolving Lender) will equal the percentage of the aggregate Revolving Credit Commitments of all Revolving Credit Lenders in such Revolving Credit Facility represented
by such Revolving Credit Lender’s Revolving Credit Commitment thereunder. Each of the parties hereto hereby agrees that the Revolver Administrative Agent may, in consultation with the Revolver Borrowers, take any and all actions as may be
reasonably necessary to ensure that, after giving effect to any Incremental Revolving Increase, the outstanding Revolving Credit Loans are held by the Revolving Credit Lenders in accordance with their respective Applicable Percentages in respect of
the applicable Revolving Credit Facility. The foregoing may be accomplished at the discretion of the Revolver Administrative Agent, following consultation with the Revolver Borrowers, (A) by requiring the outstanding Revolving Credit Loans to
be prepaid with the proceeds of a new Revolving Credit Borrowing, (B) by causing non-increasing Revolving Credit Lenders to assign portions of their outstanding Revolving Credit Loans to new or increasing
Revolving Credit Lenders, (C) by a combination of the foregoing or (D) by any other means agreed to by the Revolver Administrative Agent and the Revolver Borrowers, and any such prepayment or assignment shall be subject to
Section 2.18 but shall otherwise be without premium or penalty. The Administrative Agents and the Lenders hereby agree that the minimum borrowing, pro rata borrowing and pro rata payment requirements contained elsewhere in this Agreement shall
not apply to any of the transactions effected pursuant to the immediately preceding sentence. In addition, to the extent any Incremental Term A Loans or Incremental Term B Loans are not Other Term Loans, the scheduled amortization payments under
Section 2.3 required to be made after the making of such Incremental Term A Loans or Incremental Term B Loans, as applicable, shall be ratably increased by the aggregate principal amount of such Incremental Term A Loans or Incremental Term B
Loans, as applicable. 
 (d)       At any time and from time to time, subject
to the terms and conditions set forth herein, the Term Loan Borrower may, subject to providing notice to the applicable Term Loan Administrative Agent (whereupon such Term Loan Administrative Agent shall promptly deliver a copy of such notice to
each of the Lenders), issue one or more series of Incremental Equivalent Debt in an aggregate outstanding principal amount not to exceed, as of the date of the issuance of any such Incremental Equivalent Debt, the aggregate amount of Incremental
Facilities then permitted to be incurred under Section 2.23(a); provided, that solely in respect of any Incremental Equivalent Debt constituting term loans secured on a pari passu basis with the Obligations, if the
effective yield (which, for such purpose only, shall be deemed to take account of interest rate margin and any then applicable benchmark floors, recurring fees and all upfront or similar fees or original issue discount (amortized over the shorter of
(1) the weighted average life of such Incremental Equivalent Debt and (2) four years) payable to all lenders or investors providing such Incremental Equivalent Debt (but excluding any bona fide arrangement, underwriting, structuring,
syndication or other fees payable in connection therewith that are not shared with all lenders or investors (in their capacity as such) providing such Incremental Equivalent Debt)) on such Incremental Equivalent Debt determined as of the

  
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initial funding date for such Incremental Equivalent Debt exceeds the effective yield (determined on same basis as the preceding parenthetical) on the applicable Term Loans or Revolving Credit
Facility or any then existing Pari Passu Incremental Loans/Tranches, as applicable, immediately prior to the effectiveness of the definitive documentation of such Incremental Equivalent Debt by more than 0.50%, the Applicable Margin relating to the
applicable Term Loans or Revolving Credit Facility or such then existing Pari Passu Incremental Loans/Tranches, as applicable, shall be adjusted and/or the Term Loan Borrower will pay additional fees to Lenders holding the applicable Term Loans or
Revolving Credit Commitments or such then existing Pari Passu Incremental Loans/Tranches, as applicable, in order that such effective yield on such Incremental Equivalent Debt shall not exceed such effective yield on the applicable Term Loans or
Revolving Credit Facility or such then existing Pari Passu Incremental Loans/Tranches by more than 0.50% (provided, that if such adjustment is required due to the application of a higher interest rate benchmark floor on such Incremental
Equivalent Debt, such adjustment shall be effected solely through an increase in the interest rate benchmark floor of the applicable Term Loans or such then existing Pari Passu Incremental Loans/Tranches, as applicable (or if no interest rate
benchmark floor applies to the applicable Term Loans or Revolving Credit Facility or such then existing Pari Passu Incremental Loans/Tranches, as applicable, at such time, an interest rate benchmark floor shall be added)). As conditions precedent to
the issuance of any Incremental Equivalent Debt pursuant to this Section 2.23, (i) the Term Loan Borrower shall deliver to the applicable Term Loan Administrative Agent a certificate of the Term Loan Borrower dated as of the date of
issuance of the Incremental Equivalent Debt signed by a Responsible Officer of the Term Loan Borrower, certifying and attaching the resolutions adopted by the Term Loan Borrower approving or consenting to the execution and delivery of the applicable
financing documentation in respect of such Incremental Equivalent Debt and the issuance of such Incremental Equivalent Debt, and certifying that the conditions precedent set forth in the following subclauses (ii) through (vii) have been
satisfied, (ii) such Incremental Equivalent Debt shall rank pari passu or junior in right of payment and shall not have guarantees from any Subsidiary that is not also a Guarantor and if secured, shall not be secured by any assets of the Group
Members not constituting Collateral, (iii) such Incremental Equivalent Debt shall have a final maturity no earlier than the date permitted with respect to Incremental Term B Loans pursuant to clause (B) of the proviso in
Section 2.23(b) (provided that any such Indebtedness in the form of bridge notes or bridge loans in either case with a maturity of less than 12 months shall not be required to meet the requirement in this clause (iii) so long as such
bridge notes or bridge loans provide for automatic conversion, subject to customary conditions, into “permanent” financing that satisfies such requirement), (iv) the Weighted Average Life to Maturity of such Incremental Equivalent Debt
shall not be shorter than that permitted for Incremental Term B Loans pursuant to clause (C) of the proviso in Section 2.23(b) (provided that any such Indebtedness in the form of bridge notes or bridge loans in either case with a maturity
of less than 12 months shall not be required to meet the requirement in this clause (iv) so long as such bridge notes or bridge loans provide for automatic conversion, subject to customary conditions, into “permanent” financing that
satisfies such requirement), (v) no Default or Event of Default (or, in the case of any Incremental Equivalent Debt incurred to fund a Limited Conditionality Incremental Transaction, and to the extent agreed to by the Persons providing such
Incremental Equivalent Debt, no Specified Event of Default) shall have occurred 

  
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and be continuing or would result from the issuance of such Incremental Equivalent Debt and (vi) all fees and expenses owing to the applicable Term Loan Administrative Agent and the Lenders
or other financial institutions in respect of such Incremental Equivalent Debt, to the extent invoiced prior to such date, shall have been paid in full. 

(e)       Notwithstanding anything to the contrary in this Agreement, with
respect to any Incremental Term A Loans or Incremental Term B Loans (or Incremental Equivalent Debt), the proceeds of which are to be used by the Term Loan Borrower or any other Group Member to finance, in whole or in part, a Permitted Acquisition
or any other Investment permitted under Section 6.7, in each case, that is not conditioned on the availability of, or on obtaining, third party financing (each such transaction, a “Limited Conditionality Incremental
Transaction”), for purposes of determining (x) compliance with any financial ratio (other than the Financial Maintenance Covenant), (y) accuracy of representations and warranties (other than Specified Representations, which shall
be accurate in all material respects as of the Incremental Facility Closing Date or the date of incurrence of such Incremental Equivalent Debt, as the case may be) or occurrence of a Default or Event of Default, or (z) availability under
baskets (including baskets measured as a percentage of Consolidated EBITDA or Consolidated Total Assets), in each case, in connection with such Limited Conditionality Incremental Transaction and any related incurrence of Indebtedness or Liens under
Section 6.2, 6.3 or 6.10, the Term Loan Borrower shall have the option of making any such determinations as of the date the definitive agreement related to such Limited Conditionality Incremental Transaction is signed or on the date that such
Limited Conditionality Incremental Transaction is consummated. If the Borrowers elect to make such determinations as of the date the definitive agreement related to such Limited Conditionality Incremental Transaction is signed, then in connection
with any subsequent calculation of any ratio or basket on or following the date of such election under this Agreement and prior to the earlier of (i) the date on which such Limited Conditionality Incremental Transaction is consummated or
(ii) the date that the definitive agreement for such Limited Conditionality Incremental Transaction is terminated or expires without consummation of such Limited Conditionality Incremental Transaction, any such ratio or basket shall be
calculated (A) on a Pro Forma Basis assuming such Limited Conditionality Incremental Transaction and other transactions in connection therewith (including any incurrence of Indebtedness and the use of proceeds thereof) have been consummated
until such time as the applicable Limited Conditionality Incremental Transaction has actually closed or the definitive agreement with respect thereto has been terminated and (B) on a standalone basis without giving effect to such Limited
Conditionality Incremental Transaction and the other transactions in connection therewith. 

2.24         Replacement Facilities. (a) At any time and from time to
time, subject to the terms and conditions set forth herein, the applicable Borrowers may, by notice to the applicable Administrative Agent (whereupon the applicable Administrative Agent shall promptly deliver a copy to each of the Lenders), request
to replace all or a portion of the Term Loans under any Facility with one or more additional tranches of term loans under this Agreement (the “Replacement Term Loans”) or replace all or a portion of the Revolving Credit Facility
with a new revolving credit facility under this Agreement (the “Replacement Revolving Credit Facility”; each such replacement facility, a “Replacement Facility”), which may be equal or junior to the Term Loans in
right of payment and may be secured by the Collateral on a pari passu basis with the 

  
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Term Loans or secured by the Collateral on a junior basis to the Term Loans. Each tranche of Replacement Term Loans shall be in an integral multiple of $1.0 million and be in an aggregate
principal amount that is not less than $20.0 million (or such lesser minimum amount approved by the applicable Administrative Agent, such approval not to be unreasonably withheld, conditioned or delayed) and shall not exceed the principal
amount of the Term Loans being replaced (plus the amount of fees, expenses and original issue discount incurred in connection with such Replacement Term Loans). The amount of each Replacement Revolving Credit Facility shall not exceed the amount of
the Revolving Credit Facility being replaced (plus the amount of fees, expenses, original issue discount, and upfront fees incurred in connection with such Replacement Revolving Credit Facility). The Net Cash Proceeds of any Replacement Term Loans
shall be applied only to prepay the Term Loans of the Class of Term Loans that such Replacement Term Loans are replacing. 

(b)       Any Replacement Term Loans (i) shall rank pari passu or junior
in right of payment and security with or to the Obligations in respect of the Revolving Credit Commitments and the other Term Loans pursuant to the relevant Replacement Facility Amendment (which shall be reasonably satisfactory to the applicable
Administrative Agent) and (ii) other than voluntary prepayment, maturity date, conditions precedent and pricing (including interest rate, fees, funding discounts and prepayment premiums) (as set forth in the relevant Replacement Facility
Amendment) shall have terms, when taken as a whole, not materially more favorable (as determined by the Term Loan Borrower in good faith) to the lenders or investors providing such Replacement Term Loans than the terms applicable to the Term Loans
being replaced (except with respect to covenants (including any financial maintenance covenant added for the benefit of lenders providing such Replacement Term Loans) and other provisions so long as such covenants or other provisions (1) are
also added for the benefit of all then outstanding Term Loans or (2) only become applicable after the Latest Maturity Date of the then outstanding Term Loans at the time of such incurrence of such Replacement Term Loans); provided, that
(A) any Replacement Term Loans shall not have a final maturity date earlier than the final scheduled maturity date of the Term Loans being replaced, (B) any Replacement Term Loans shall not have a Weighted Average Life to Maturity that is
shorter than the Weighted Average Life to Maturity of the then remaining Term Loans under the applicable Class (determined, solely, for the purposes of this clause (B), without giving effect to prepayments that reduced amortization of the then
remaining Term Loans under the applicable Class), (C) principal of and interest on any Term Loans being replaced with Replacement Term Loans shall be paid in full on the Replacement Facility Closing Date for the applicable Replacement Term Loans and
(D) the Term Loans of each Lender under the replaced Class shall be prepaid ratably. The principal of and interest on any outstanding Revolving Credit Loans under any replaced Revolving Credit Facility, together with all fees owed by the
Revolver Borrowers under such Revolving Credit Facility, shall be paid in full and all outstanding Letters of Credit will be replaced, cash collateralized or continued on terms reasonably satisfactory to the Lenders under such Revolving Credit
Facility, in each case on the Replacement Facility Closing Date for such Facility. Any Replacement Revolving Credit Facility (x) shall not have a final maturity date earlier than the final scheduled maturity date of the replaced Revolving
Credit Facility and (y) shall be on the terms and pursuant to the documentation applicable to the Revolving Credit Commitments under such replaced Revolving Credit Facility (other than maturity date, conditions precedent and pricing (including

  
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interest rate, fees, funding discounts and prepayment premiums)) or on such other terms that are, when taken as a whole, not materially more favorable (as determined in good faith by the Revolver
Borrowers) to the lenders or investors providing such Replacement Revolving Credit Facility than the terms and conditions, taken as a whole, applicable to the Revolving Credit Facility being replaced (except with respect to covenants (including any
financial maintenance covenant added for the benefit of lenders providing such Replacement Revolving Credit Facility) and other provisions so long as such covenants or other provisions (1) are also added for the benefit of all of the then
outstanding Revolving Credit Loans or (2) only become applicable after the Latest Maturity Date of the then outstanding Revolving Credit Loans at the time of such incurrence of such Replacement Revolving Credit Facility), in each case, as set
forth in the relevant Replacement Facility Amendment. The obligations under any Replacement Facility shall not be guaranteed by any Subsidiary other than a Guarantor, and, if secured, the obligations under any Replacement Facility shall not be
secured by a Lien on any Property of any Group Member other than Property that constitutes Collateral. In addition, the terms and conditions applicable to any Replacement Facility may provide for additional or different covenants or other provisions
that are agreed between the applicable Borrowers and the Lenders under such Replacement Facility and applicable only during periods after the then Latest Maturity Date that is in effect on the date such Replacement Facility is issued, incurred or
obtained or the date on which all non-refinanced Obligations (excluding Obligations in respect of any Specified Hedge Agreements, Cash Management Obligations and contingent reimbursement and indemnification
obligations, in each case, which are not then due and payable) are paid in full. Any Replacement Term Loans that are junior in right of payment or security to any other Class of Term Loans will be subject to a customary intercreditor agreement
reasonably acceptable to the Term Loan Borrower and the applicable Term Loan Administrative Agent. 

(c)       Each notice from the applicable Borrowers pursuant to this
Section 2.24 shall set forth the requested amount and proposed terms of the relevant Replacement Term Loans and/or Replacement Revolving Credit Facility, including whether the proposed Replacement Term Loans will be pari passu
with or junior to any existing Term Loans in right of payment or security. Any Additional Lender that elects to extend Replacement Term Loans or commitments under a Replacement Revolving Credit Facility shall be reasonably satisfactory to the
applicable Borrowers and (unless such Additional Lender is already a Lender or an Affiliate of a Lender) the Revolver Administrative Agent, and, if not already a Lender, shall become a Lender under this Agreement pursuant to a Replacement Facility
Amendment. Each Replacement Facility shall become effective pursuant to an amendment (each, a “Replacement Facility Amendment”) to this Agreement and, as appropriate, the other Loan Documents, executed by the applicable Borrowers,
such Additional Lender or Additional Lenders and the Revolver Administrative Agent. No Replacement Facility Amendment shall require the consent of any Lenders or any other Person other than the applicable Borrowers, the applicable Administrative
Agent and the Additional Lenders with respect to such Replacement Facility Amendment. The Lenders hereby irrevocably authorize the applicable Administrative Agent to enter into the Replacement Facility Amendment and, as appropriate, amendments to
the other Loan Documents and intercreditor arrangements as may be necessary or appropriate in order to establish new tranches or sub-tranches in respect of Revolving Credit Commitments or Term Loans so
replaced and such other amendments as may be necessary or appropriate in the opinion 

  
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of the applicable Administrative Agent and the applicable Borrowers to effect the provisions of this Section 2.24 (including to provide for class voting provisions applicable to the
Additional Lenders on terms comparable to the provisions of Section 9.2(b)). No Lender shall be obligated to provide any Replacement Term Loans or commitments for any Replacement Revolving Credit Facility unless it so agrees. Commitments in
respect of any Replacement Term Loans or Replacement Revolving Credit Facility shall become Commitments under this Agreement. The effectiveness of any Replacement Facility Amendment shall, unless otherwise agreed to by the applicable Administrative
Agent and the Additional Lenders party thereto, be subject to the satisfaction or waiver on the date thereof (each, a “Replacement Facility Closing Date”) of (x) the representations and warranties made by any Loan Party in or
pursuant to the Loan Documents being true and correct in all material respects on and as of the Replacement Facility Closing Date as if made on and as of such date, except for representations and warranties expressly stated to relate to a specific
earlier date, in which case such representations and warranties shall be true and correct in all material respects as of such earlier date (provided, that in each case such materiality qualifier shall not be applicable to any representations or
warranties that already are qualified or modified by materiality or “Material Adverse Effect”) and (y) no Default or Event of Default having occurred and being continuing on the Replacement Facility Closing Date or after giving effect
to the Replacement Facility requested to be made on such date. The proceeds of any Replacement Term Loans or any Replacement Revolving Credit Facility will be applied, substantially concurrently with the incurrence thereof, to the pro rata
prepayment of the outstanding Loans under such replaced Facility (or replaced portion thereof). To the extent reasonably requested by the applicable Administrative Agent, the effectiveness of a Replacement Facility Amendment may be conditioned on
the applicable Administrative Agent’s receipt of customary legal opinions with respect thereto, board resolutions and officers’ certificates and/or reaffirmation agreements consistent with those delivered on the Closing Date under
Section 4.1, with respect to Parent and the Restricted Subsidiaries. No Replacement Revolving Credit Facility may be implemented unless such Facility has provisions reasonably satisfactory to the Revolver Administrative Agent and each Issuing
Bank with respect to Letters of Credit then outstanding under the Revolving Credit Facility being replaced. Only one Revolving Credit Facility shall be in effect at any time; provided, that multiple tranches of Revolving Credit Commitments may be
outstanding thereunder on the terms applicable thereto pursuant to this Agreement and any applicable Permitted Amendments, and any Replacement Revolving Credit Facility shall replace the Revolving Credit Facility under the Loan Documents. The
Administrative Agents and the Lenders hereby agree that the minimum borrowing, pro rata borrowing and pro rata payment requirements contained elsewhere in this Agreement shall not apply to any of the transactions effected pursuant to this
Section 2.24. 
 (d)       Notwithstanding anything to the contrary
above, at any time and from time to time following the establishment of a Class of Replacement Term Loans or Commitments under a Replacement Revolving Credit Facility (“Replacement Revolving Credit Commitments”), the applicable
Borrowers may offer any Lender of a Term Loan Facility or then existing Revolving Credit Facility that has previously been subject to a Replacement Facility Amendment (without being required to make the same offer to any or all other Lenders) who
had not elected to participate in such Replacement Facility Amendment on the applicable Replacement Facility Closing Date the right to convert all or any portion of its Term Loans or 

  
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Revolving Credit Commitments into such Class of Replacement Term Loans or Replacement Revolving Credit Commitments, as applicable; provided, that (i) such offer and any related
acceptance shall be in accordance with such procedures, if any, as may be reasonably requested by, or acceptable to, the applicable Administrative Agent; (ii) such additional Replacement Term Loans and additional Replacement Revolving Credit
Commitments, (x) shall be on identical terms (including as to the proposed interest rates and fees payable, but excluding any arrangement, structuring or other fees payable in connection therewith that are not generally shared with the relevant
Lenders) with the existing Replacement Term Loans and Replacement Revolving Credit Commitments, as applicable, and (y) with respect to any additional Replacement Term Loans, shall result in proportionate increases to the scheduled amortization
payments otherwise owing with respect to any such Replacement Term Loans, (iii) any Lender which elects to participate in a Replacement Facility pursuant to this clause (d) shall enter into a joinder agreement to the respective Replacement
Facility Amendment, in form and substance reasonably satisfactory to the applicable Administrative Agent and executed by such Lender, the applicable Administrative Agent and the applicable Borrowers and (iv) any such additional Replacement Term
Loans and additional Replacement Revolving Credit Commitments shall be in an aggregate principal amount that is not less than $1.0 million (or, in the case of an outstanding Class with an entire outstanding principal amount of existing
Term Loans or existing Revolving Credit Commitments less than a $1.0 million that is to be refinanced in full, such outstanding principal amount or commitments), unless each of the applicable Borrowers and the applicable Administrative Agent
otherwise consents. Notwithstanding anything to the contrary contained herein, any Loans made as provided above shall be treated as part of the Class to which such Loans are added, and shall not constitute a new Class of Replacement Term
Loans or a new tranche of Replacement Revolving Credit Commitments. 
 2.25        
Extensions of Term Loans and Revolving Credit Commitments. (a) Notwithstanding anything to the contrary in this Agreement, pursuant to one or more offers (each, an “Extension Offer”) made from time to time by the
applicable Borrowers to all Lenders of Term Loans with a like maturity date or Revolving Credit Commitments with a like maturity date, in each case on a pro rata basis (based on the aggregate outstanding principal amount of the respective Term Loans
or Revolving Credit Commitments with a like maturity date, as the case may be) and on the same terms to each such Lender, the applicable Borrowers are hereby permitted to consummate from time to time transactions with individual Lenders that accept
the terms contained in such Extension Offers to extend the maturity date of each such Lender’s Term Loans and/or Revolving Credit Commitments and otherwise modify the terms of such Term Loans and/or Revolving Credit Commitments pursuant to the
terms of the relevant Extension Offer (including by increasing the interest rate or fees payable in respect of such Term Loans and/or Revolving Credit Commitments (and related outstandings) and/or modifying the amortization schedule in respect of
such Term Loans) (each, an “Extension”, and each group of Term Loans or Revolving Credit Commitments, as applicable, in each case as so extended, as well as the original Term Loans and the original Revolving Credit Commitments (in
each case not so extended), being a “tranche”; any Extended Term Loans shall constitute a separate tranche of Term Loans from the tranche of Term Loans from which they were extended, and any Extended Revolving Credit Commitments shall
constitute a separate tranche of Revolving Credit Commitments from the tranche of Revolving Credit Commitments from which they were extended), so long as the following terms are satisfied: (i) except as to pricing (including interest rates,
fees, funding discounts and 

  
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prepayment premiums), conditions precedent and maturity (which shall be set forth in the relevant Extension Offer), the Revolving Credit Commitment of any Revolving Credit Lender that agrees to
an Extension with respect to such Revolving Credit Commitment (an “Extending Revolving Credit Lender”) extended pursuant to an Extension (an “Extended Revolving Credit Commitment”), and the related outstandings,
shall be a Revolving Credit Commitment (or related outstandings, as the case may be) with the same terms as the original Revolving Credit Commitments (and related outstandings); provided that (1) the borrowing and repayment (except for
(A) payments of interest and fees at different rates on Extended Revolving Credit Commitments (and related outstandings), (B) repayments required upon the Maturity Date of the non-extending Revolving
Credit Commitments and (C) repayment made in connection with a permanent repayment and termination of commitments) of Loans with respect to Extended Revolving Credit Commitments after the applicable Extension date shall be made on a pro rata
basis with all other Revolving Credit Commitments, (2) the permanent repayment of Revolving Credit Loans with respect to, and termination of, Extended Revolving Credit Commitments after the applicable Extension date shall be made on a pro rata
basis with all other Revolving Credit Commitments, except that the Revolver Borrowers shall be permitted to permanently repay and terminate commitments of any such Class on a better than a pro rata basis as compared to any other Class with
a later maturity date than such Class, (3) assignments and participations of Extended Revolving Credit Commitments and extended Revolving Credit Loans shall be governed by the same assignment and participation provisions applicable to Revolving
Credit Commitments and Revolving Credit Loans and (4) at no time shall there be Revolving Credit Commitments hereunder (including Extended Revolving Credit Commitments and any original Revolving Credit Commitments) which have more than two
(2) different maturity dates, (ii) (1) except as to pricing (including interest rates, fees, funding discounts and prepayment premiums), amortization, maturity, required prepayment dates and participation in prepayments (which shall,
subject to immediately succeeding clauses (ii)(2), (ii)(3) and (iii), be set forth in the relevant Extension Offer), the Term Loans of any Term Loan Lender that agrees to an Extension with respect to such Term Loans (an “Extending Term
Lender”) extended pursuant to any Extension (“Extended Term Loans”) shall have the same terms, or on terms that are, when taken as a whole, not materially more favorable (as reasonably determined by Term Loan Borrower in
good faith) to the Extending Term Lenders than the terms and conditions, taken as a whole, applicable to, the tranche of Term Loans subject to such Extension Offer (except with respect to covenants (including any financial maintenance covenant added
for the benefit of Extending Term Lenders) and other provisions so long as such covenants or other provisions (x) are also added for the benefit of all then outstanding Term Loans or (y) only become applicable after the Latest Maturity
Date of the then outstanding Term Loans at the time of such incurrence of such Extended Term Loans), (2) the Weighted Average Life to Maturity of any Extended Term Loans shall be no less than 91 days longer than the remaining Weighted Average Life
to Maturity of the Class extended thereby, (3) any Extended Term Loans may participate on a pro rata basis or a less than pro rata basis (but not greater than a pro rata basis) in any voluntary or mandatory repayments or prepayments of
Term Loans hereunder, in each case as specified in the respective Extension Offer (provided that if the applicable Extending Term Lenders have the ability to decline mandatory prepayments, any such mandatory prepayment that is not accepted by the
applicable Extending Term Lenders shall be applied, subject to the right of any applicable Lender to decline mandatory prepayments (if any), to the non-extended Term Loans of the Class being extended),
(iii) if the aggregate principal 

  
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amount of Term Loans (calculated on the face amount thereof) or Revolving Credit Commitments, as the case may be, in respect of which Term Loan Lenders or Revolving Credit Lenders, as the case
may be, shall have accepted the relevant Extension Offer shall exceed the maximum aggregate principal amount of Term Loans or Revolving Credit Commitments, as the case may be, offered to be extended by the applicable Borrowers pursuant to such
Extension Offer, then the Term Loans or Revolving Credit Loans, as the case may be, of such Term Loan Lenders or Revolving Credit Lenders, as the case may be, shall be extended ratably up to such maximum amount based on the respective principal
amounts (but not to exceed actual holdings of record) with respect to which such Term Loan Lenders or Revolving Credit Lenders, as the case may be, have accepted such Extension Offer and (iv) all documentation in respect of such Extension shall
be consistent with the foregoing. 
 (b)       With respect to all Extensions
consummated by the applicable Borrowers pursuant to this Section 2.25, (i) such Extensions shall not constitute voluntary or mandatory payments or prepayments for purposes of this Agreement and (ii) each Extension Offer shall specify the
minimum amount of Term Loans or Revolving Credit Commitments to be tendered. The transactions contemplated by this Section 2.25 (including, for the avoidance of doubt, payment of any interest, fees or premium in respect of any Extended Term
Loans and/or Extended Revolving Credit Commitments on such terms as may be set forth in the relevant Extension Offer) shall not require the consent of any Lender or any other Person (other than as set forth in clause (c) below), and the
requirements of any provision of this Agreement (including Sections 2.12 and 2.20) or any other Loan Document that may otherwise prohibit any such Extension or any other transaction contemplated by this Section 2.25 shall not apply to any
of the transactions effected pursuant to this Section 2.25. 
 (c)      
No consent of any Lender or any other Person shall be required to effectuate any Extension, other than (A) the consent of the applicable Borrowers and each Lender agreeing to such Extension with respect to one or more of its Term Loans and/or
Revolving Credit Commitments (or a portion thereof) and (B) with respect to any Extension of the Revolving Credit Commitments, the consent of each Issuing Bank, which consent shall not be unreasonably withheld, conditioned or delayed. All
Extended Term Loans, Extended Revolving Credit Commitments and all obligations in respect thereof shall be Obligations under this Agreement and the other Loan Documents that are secured by the Collateral on a pari passu basis with all other
applicable Obligations under this Agreement and the other Loan Documents. The Lenders hereby irrevocably authorize the applicable Administrative Agent to enter into amendments to this Agreement and the other Loan Documents (an “Extension
Amendment”) with the applicable Borrowers as may be necessary in order to establish new tranches or sub-tranches in respect of Revolving Credit Commitments or Term Loans so extended and such technical
amendments as may be necessary or appropriate in the opinion of the applicable Administrative Agent and the applicable Borrowers to effect the provisions of this Section (including in connection with the establishment of such new tranches or sub-tranches or to provide for class voting provisions applicable to the Additional Lenders on terms comparable to the provisions of Section 9.2(b)) in each case on terms consistent with this Section. In
addition, if so provided in such amendment and with the consent of the applicable Issuing Banks, participations in Letters of Credit expiring on or after the Revolving Credit Maturity Date shall be
re-allocated from Lenders holding Revolving Credit Commitments to Lenders 

  
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holding Extended Revolving Credit Commitments in accordance with the terms of such amendment; provided, however, that such participation interests shall, upon receipt thereof by the
relevant Lenders holding Extended Revolving Credit Commitments, be deemed to be participation interests in respect of such Extended Revolving Credit Commitments and the terms of such participation interests (including the commission applicable
thereto) shall be adjusted accordingly. Without limiting the foregoing, in connection with any Extension the respective Loan Parties shall (at their expense), within 90 days of the applicable Extension Amendment (or such later date as may be
approved by the Collateral Agent), amend (and the Collateral Agent is hereby directed to amend) any Mortgage that has a maturity date prior to the then Latest Maturity Date so that such maturity date is extended to the then Latest Maturity Date (or
such later date as may be advised by local counsel to the Collateral Agent). 

(d)       In connection with any Extension, the applicable Borrowers shall
provide the applicable Administrative Agent at least five Business Days (or such shorter period as may be agreed by the applicable Administrative Agent) prior written notice thereof, and shall agree to such procedures (including regarding timing,
rounding and other adjustments and to ensure reasonable administrative management of the credit facilities hereunder after such Extension), if any, as may be established by, or acceptable to, the applicable Administrative Agent, in each case acting
reasonably to accomplish the purposes of this Section 2.25. 
 (e)      
Notwithstanding anything to the contrary above, at any time and from time to time following the establishment of a Class of Extended Term Loans or Extended Revolving Credit Commitments, the applicable Borrowers may offer any Lender of a Term
Loan Facility or Revolving Credit Facility that had been subject to an Extension Amendment (without being required to make the same offer to any or all other Lenders) who had not elected to participate in such Extension Amendment the right to
convert all or any portion of its Term Loans or Revolving Credit Commitments into such Class of Extended Term Loans or Extended Revolving Credit Commitments, as applicable, provided that (i) such offer and any related acceptance shall be
in accordance with such procedures, if any, as may be reasonably requested by, or acceptable to, the applicable Administrative Agent; (ii) such additional Extended Term Loans and additional Extended Revolving Credit Commitments, (x) shall
be on identical terms (including as to the proposed interest rates and fees payable, but excluding any arrangement, structuring or other fees payable in connection therewith that are not generally shared with the relevant Lenders) with the existing
Extended Term Loans and Extended Revolving Credit Commitments, as applicable, and (y) with respect to any additional Extended Term Loans shall result in proportionate increases to the scheduled amortization payments otherwise owing with respect
to any such Extended Term Loans, (iii) any Lender which elects to participate in an Extension Facility pursuant to this clause (e) shall enter into a joinder agreement to the respective Extension Amendment, in form and substance reasonably
satisfactory to the applicable Administrative Agent and executed by such Lender, the applicable Administrative Agent, the applicable Borrowers and the other Loan Parties and (iv) any such additional Extended Term Loans and additional Extended
Revolving Credit Commitments shall be in an aggregate principal amount that is not less than $1.0 million (or, in the case of an outstanding Class with an entire outstanding principal amount of existing Term Loans or existing Revolving
Credit Commitments less than a $1.0 million that is to be refinanced in full, such outstanding principal amount or commitments), unless each of the applicable Borrowers and the applicable 

  
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Administrative Agent otherwise consents. Notwithstanding anything to the contrary contained herein, any Loans made as provided above shall be treated as part of the Class to which such Loans
are added, and shall not constitute a new Class of Extended Term Loans or new Extended Revolving Credit Commitments. 

2.26         Permitted Debt Exchanges. 

(a)       Notwithstanding anything to the contrary contained in this Agreement,
pursuant to one or more offers (each, a “Permitted Debt Exchange Offer”) made from time to time by a Borrower to all Lenders (other than, with respect to any Permitted Debt Exchange Offer that constitutes an offering of securities,
any Lender that, if requested by such Borrower, is unable to certify that it is (i) a “qualified institutional buyer” (as defined in Rule 144A under the Securities Act), (ii) an institutional “accredited investor” (as
defined in Rule 501 under the Securities Act) or (iii) not a “U.S. person” (as defined in Rule 902 under the Securities Act)) with outstanding Term Loans of a particular Class, such Borrower may from time to time consummate one or
more exchanges of such Term Loans for Indebtedness (in the form of senior secured, senior unsecured, senior subordinated, or subordinated notes or loans) (such Indebtedness, “Permitted Debt Exchange Notes” and each such exchange, a
“Permitted Debt Exchange”), so long as the following conditions are satisfied: 

(i)       each such Permitted Debt Exchange Offer shall be made on a pro rata
basis to the Lenders (other than, with respect to any Permitted Debt Exchange Offer that constitutes an offering of securities, any Lender that, if requested by the Borrower, is unable to certify that it is (i) a “qualified institutional
buyer” (as defined in Rule 144A under the Securities Act), (ii) an institutional “accredited investor” (as defined in Rule 501 under the Securities Act) or (iii) not a “U.S. person” (as defined in Rule 902 under the
Securities Act)) of each applicable Class based on their respective aggregate principal amounts of outstanding Term Loans under each such Class; 

(ii)       the aggregate principal amount (calculated on the face amount
thereof) of such Permitted Debt Exchange Notes shall not exceed the aggregate principal amount (calculated on the face amount thereof) of the Class or Classes of Term Loans so refinanced, and with respect to an amount equal to any fees,
expenses, commissions, underwriting discounts and premiums payable in connection with such Permitted Debt Exchange; 

(iii)       the stated final maturity of such Permitted Debt Exchange Notes is
not earlier than the Latest Maturity Date for the Class or Classes of Term Loans being exchanged, and such stated final maturity is not subject to any conditions that could result in such stated final maturity occurring on a date that precedes
such Latest Maturity Date (it being understood that acceleration or mandatory repayment, prepayment, redemption or repurchase of such Permitted Debt Exchange Notes upon the occurrence of an event of default, a change in control, an event of loss or
an asset disposition shall not be deemed to constitute a change in the stated final maturity thereof); 

  
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 (iv)       such Permitted
Debt Exchange Notes are not required to be repaid, prepaid, redeemed, repurchased or defeased, whether on one or more fixed dates, upon the occurrence of one or more events or at the option of any holder thereof (except, in each case, upon the
occurrence of an event of default, a change in control, an event of loss or an asset disposition) prior to the Latest Maturity Date for the Class or Classes of Term Loans being exchanged, provided that, notwithstanding the foregoing,
scheduled amortization payments (however denominated, including scheduled offers to repurchase) of such Permitted Debt Exchange Notes shall be permitted so long as the Weighted Average Life to Maturity of such Indebtedness shall be longer than the
remaining Weighted Average Life to Maturity of the Class or Classes of Term Loans being exchanged; 

(v)        no Subsidiary is a borrower or guarantor with respect to such
Indebtedness unless such Subsidiary is or substantially concurrently becomes a Loan Party; 

(vi)       if such Permitted Debt Exchange Notes are secured, such Permitted
Debt Exchange Notes are secured on a pari passu basis or junior priority basis to the Obligations secured hereunder and (A) such Permitted Debt Exchange Notes are not secured by any assets not securing the Obligations unless such assets
substantially concurrently secure the Obligations and (B) the beneficiaries thereof (or an agent on their behalf) shall become party to an intercreditor arrangement reasonably satisfactory to the applicable Agent and such Borrower; 

(vii)      the terms and conditions of such Permitted Debt Exchange Notes shall be
as agreed between such Borrower and the lenders providing such Permitted Debt Exchange Notes; 

(viii)     all Term Loans exchanged under each applicable Class by such Borrower
pursuant to any Permitted Debt Exchange shall automatically be cancelled and retired by such Borrower on date of the settlement thereof (and, if requested by the applicable Agent, any applicable exchanging Lender shall execute and deliver to the
applicable Agent an Assignment and Assumption, or such other form as may be reasonably requested by the applicable Agent, in respect thereof pursuant to which the respective Lender assigns its interest in the Term Loans being exchanged pursuant to
the Permitted Debt Exchange to such Borrower for immediate cancellation), and accrued and unpaid interest on such Term Loans shall be paid to the exchanging Lenders on the date of consummation of such Permitted Debt Exchange, or, if agreed to by
such Borrower and the applicable Agent, the next scheduled Interest Payment Date with respect to such Term Loans (with such interest accruing until the date of consummation of such Permitted Debt Exchange); 

(ix)       if the aggregate principal amount of all Term Loans (calculated on
the face amount thereof) of a given Class tendered by Lenders in respect of the relevant Permitted Debt Exchange Offer (with no Lender being permitted to tender a principal amount of Term Loans which exceeds the principal amount thereof of

  
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the applicable Class actually held by it) shall exceed the maximum aggregate principal amount of Term Loans of such Class offered to be exchanged by such Borrower pursuant to such
Permitted Debt Exchange Offer, then such Borrower shall exchange Term Loans under the relevant Class tendered by such Lenders ratably up to such maximum based on the respective principal amounts so tendered, or, if such Permitted Debt Exchange
Offer shall have been made with respect to multiple Classes without specifying a maximum aggregate principal amount offered to be exchanged for each Class, and the aggregate principal amount of all Term Loans (calculated on the face amount thereof)
of all Classes tendered by Lenders in respect of the relevant Permitted Debt Exchange Offer (with no Lender being permitted to tender a principal amount of Term Loans which exceeds the principal amount thereof actually held by it) shall exceed the
maximum aggregate principal amount of Term Loans of all relevant Classes offered to be exchanged by such Borrower pursuant to such Permitted Debt Exchange Offer, then such Borrower shall exchange Term Loans across all Classes subject to such
Permitted Debt Exchange Offer tendered by such Lenders ratably up to such maximum amount based on the respective principal amounts so tendered; 

(x)       all documentation in respect of such Permitted Debt Exchange shall be
consistent with the foregoing, and all written communications generally directed to the Lenders in connection therewith shall be in form and substance consistent with the foregoing and made in consultation with such Borrower and the applicable
Agent; and 
 (xi)       any applicable Minimum Tender Condition or Maximum
Tender Condition, as the case may be, shall be satisfied or waived by such Borrower. 
 Notwithstanding anything to the contrary herein, no
Lender shall have any obligation to agree to have any of its Loans or Term Loan Commitments exchanged pursuant to any Permitted Debt Exchange Offer. 

(b)       With respect to all Permitted Debt Exchanges effected by any Borrower
pursuant to this Section 2.26, such Permitted Debt Exchange Offer shall be made for not less than $1,000,000 in aggregate principal amount of Term Loans of a given Class, provided that subject to the foregoing such Borrower may at its election
specify (A) as a condition (a “Minimum Tender Condition”) to consummating any such Permitted Debt Exchange that a minimum amount (to be determined and specified in the relevant Permitted Debt Exchange Offer in such
Borrower’s discretion) of Term Loans of any or all applicable Classes be tendered and/or (B) as a condition (a “Maximum Tender Condition”) to consummating any such Permitted Debt Exchange that no more than a maximum amount
(to be determined and specified in the relevant Permitted Debt Exchange Offer in such Borrower’s discretion) of Term Loans of any or all applicable Classes will be accepted for exchange. The applicable Agent and the Lenders hereby acknowledge
and agree that the provisions of Sections 2.10, 2.12, 2.14 and 2.20 do not apply to the Permitted Debt Exchange and the other transactions contemplated by this Section 2.26 and hereby agree not to assert any Default or Event of Default in
connection with 

  
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the implementation of any such Permitted Debt Exchange or any other transaction contemplated by this Section 2.26. 

(c)       In connection with each Permitted Debt Exchange, a Borrower shall
provide the applicable Agent at least five (5) Business Days’ (or such shorter period as may be agreed by the applicable Agent) prior written notice thereof, and such Borrower and the applicable Agent, acting reasonably, shall mutually
agree to such procedures as may be necessary or advisable to accomplish the purposes of this Section 2.26; provided that the terms of any Permitted Debt Exchange Offer shall provide that the date by which the relevant Lenders are
required to indicate their election to participate in such Permitted Debt Exchange shall be not less than five (5) Business Days following the date on which the Permitted Debt Exchange Offer is made. The Borrower shall provide the final results
of such Permitted Debt Exchange to the applicable Agent no later than three (3) Business Days prior to the proposed date of effectiveness for such Permitted Debt Exchange (or such shorter period agreed to by the applicable Agent in its sole
discretion) and the applicable Agent shall be entitled to conclusively rely on such results. 

2.27         MIRE Events. Prior to the occurrence of a MIRE Event, each
Borrower shall provide (and shall use commercially reasonable efforts to provide as promptly as reasonably possible prior to such MIRE Event) to the applicable Agent (and authorize the applicable Agent to provide to the Term Loan A Lenders and the
Lenders with a Revolving Credit Commitment) the following documents in respect of any Mortgaged Property: (a) a completed flood hazard determination from a third party vendor; (b) if such real property is located in a “special flood
hazard area”, (i) a notification to the applicable Loan Parties of that fact and (if applicable) notification to the applicable Loan Parties that flood insurance coverage is not available and (ii) evidence of the receipt by the applicable
Loan Parties of such notice; (c) if required by Flood Laws, evidence of required flood insurance and (d) any other customary documentation that may be reasonably requested by the applicable Agent. 

SECTION 3. REPRESENTATIONS AND WARRANTIES 

To induce the Agents and the Lenders to enter into this Agreement and to make the Loans, Parent and the other Borrowers hereby
jointly and severally represent and warrant to the Agents and each Lender that: 
 3.1      
Financial Condition. (a) The audited consolidated balance sheet of Parent and its Subsidiaries as of December 31, 2017, and the related consolidated statements of income or operations, shareholder’s equity and cash flows for
such fiscal year of Parent and its Subsidiaries, including the notes thereto accompanied by an unqualified report from PricewaterhouseCoopers, LLP thereon, presents fairly in all material respects the financial condition of Parent and its
Subsidiaries as at such date, and the consolidated results of its operations and cash flows for the fiscal years or other periods then ended. All such financial statements, including the related schedules and notes thereto, have been prepared in
accordance with GAAP (unless otherwise noted therein or in the notes thereto) applied consistently throughout the periods involved (except as disclosed therein or in the notes thereto). 

  
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 (b)       The unaudited,
consolidated balance sheet of Parent and its Subsidiaries as of June 30, 2018 and the related consolidated statements of operations and cash flows of Parent and its Subsidiaries for the six-month period
then ended, present fairly in all material respects the consolidated financial condition of Parent and its Subsidiaries as at such date, and the consolidated results of its operations and cash flows for the
six-month period then ended. All such financial statements have been prepared in accordance with GAAP (subject to normal year end audit adjustments and the absence of footnotes) unless otherwise noted therein
or in the notes thereto. 
 (c)       The Pro Forma Financial Statements have
been prepared in good faith by Parent and each other Borrower and based on assumptions believed by Parent and each such Borrower to be reasonable when made and at the time so furnished, and the adjustments used therein are believed by each of them
to be appropriate to give effect to the transactions and circumstances referred to therein. 

3.2         No Change. Since December 31, 2017, there has been no
development or event, either individually or in the aggregate, that has had or would reasonably be expected to have a Material Adverse Effect. 

3.3         Corporate Existence; Compliance with Law. Each Group Member
(a) is duly organized or, as the case may be, incorporated, validly existing and in good standing or in full force and effect under the laws of the jurisdiction of its organization or incorporation (to the extent such concepts exist in such
jurisdictions), (b) has the organizational or corporate power and authority, and the legal right, to own and operate its Property, to lease the Property it operates as lessee and to conduct the business in which it is currently engaged,
(c) in the case of any Domestic Subsidiary (or any Foreign Subsidiary organized in a jurisdiction where such concept exists), is duly qualified as a foreign organization and in good standing or in full force and effect under the laws of each
jurisdiction where its ownership, lease or operation of Property or the conduct of its business requires such qualification and (d) is in compliance with all Requirements of Law, except, in the case of the foregoing clauses (a) (solely
with respect to Restricted Subsidiaries other than any Borrower), (b), (c) and (d), as would not, in the aggregate, have or reasonably be expected to have a Material Adverse Effect. 

3.4         Organizational Power; Authorization; Enforceable Obligations. Each
Loan Party has the corporate or other organizational power and authority, and the legal right, to make, deliver and perform the Loan Documents to which it is a party and, in the case of each Borrower, to borrow hereunder. Each Loan Party has taken
all necessary corporate or other organizational action to authorize the execution, delivery and performance of the Loan Documents to which it is a party. No material consent or authorization of, filing with, notice to or other act by or in respect
of, any Governmental Authority or any other Person is required in connection with the execution, delivery, performance, validity or enforceability of this Agreement or any of the other Loan Documents, except (i) consents, authorizations,
filings and notices that have been obtained or made and are in full force and effect, (ii) the consents, authorizations, filings and notices described in Schedule 3.4, (iii) the filings referred to in Section 3.17, (iv) filings
necessary to create or perfect Liens on the Collateral granted by the Loan Parties in favor of the Secured Parties and (v) those consents, authorizations, filings and notices the failure of which to obtain or make would not reasonably be

  
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expected to have, individually or in the aggregate, a Material Adverse Effect. Each Loan Document has been duly executed and delivered on behalf of each Loan Party that is a party thereto. This
Agreement constitutes, and each other Loan Document upon execution will constitute, a legal, valid and binding obligation of each Loan Party that is a party thereto, enforceable against each such Loan Party in accordance with its terms, except as
enforceability may be limited by (i) applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights generally and by general equitable principles (whether enforcement is sought
by proceedings in equity or at law) and (ii) the Foreign Obligor Enforceability Exceptions. 

3.5         No Legal Bar. The execution, delivery and performance by each Loan
Party of each Loan Document to which such Person is a party, the borrowings hereunder and the use of the proceeds thereof will not violate any Requirement of Law applicable to, or violate or result in a default under, any Contractual Obligation of
any Group Member, except, in each case, as would not have or reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect and will not result in, or require, the creation or imposition of any Lien on any of their
respective Properties or revenues pursuant to any such Requirement of Law or any such Contractual Obligation (other than Permitted Liens). 

3.6         No Material Litigation. No litigation, investigation or proceeding
of or before any arbitrator or Governmental Authority is pending or, to the knowledge of Parent or any other Borrower, threatened in writing by or against any Group Member or against any of their respective properties or revenues (a) with
respect to this Agreement or any of the other Loan Documents or any of the transactions contemplated hereby or thereby or (b) that would have or reasonably be expected to have a Material Adverse Effect (after giving effect to applicable
insurance). 
 3.7         Ownership of Property; Liens. Each Group Member
has good title to, or a valid leasehold interest in, all real property and other Property material to the conduct of its business except where the failure to have such title or interests would not have or reasonably be expected to have a Material
Adverse Effect. None of the Pledged Equity Interests is subject to any Lien except Permitted Liens. 

3.8         Intellectual Property. Except as would not have or reasonably be
expected to result in a Material Adverse Effect, (i) each Group Member owns, or is licensed to use, all Intellectual Property necessary for the conduct of its business as currently conducted (“Company Intellectual Property”);
(ii) no claim has been asserted in writing and is pending by any Person challenging or questioning the use of any Company Intellectual Property or the validity or effectiveness of any Company Intellectual Property owned by any Group Member, nor do
any of Parent or any other Borrower know of any valid basis for any such claim; and (iii) to the knowledge of Parent and each other Borrower, the use of the Company Intellectual Property by the Group Members is not infringing, misappropriating,
diluting, or otherwise violating any Intellectual Property of any Person. 

3.9         Taxes. Each Group Member has timely filed or caused to be filed all
US Federal and non-US income and all state and other tax returns that are required to be filed and has timely paid or caused to be paid all US Federal and non-US income
and all state and other Taxes levied 

  
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or imposed upon it or its Properties or income due and payable by it (other than any the amount or validity of which are currently being contested in good faith by appropriate proceedings and
with respect to which reserves in conformity with GAAP have been provided on the books of the applicable Group Member) except, in each case, where the failure to do so would not have or reasonably be expected to have a Material Adverse Effect. To
the knowledge of Parent and each other Borrower, no material written claim has been asserted with respect to any Taxes of any Group Member (other than any the amount or validity of which are currently being contested in good faith by appropriate
proceedings and with respect to which reserves in conformity with GAAP have been provided on the books of the applicable Group Member) and there are no tax assessments, proposed in writing that would, if made, have a Material Adverse Effect. The
true and correct (i) U.S. taxpayer identification number of HII the Term Loan Borrower and each other Domestic Subsidiary (including each Domesticated Foreign Subsidiary) party to a Loan Document as of the Closing Date and (ii) unique
identification number of each of Parent, HIL and each other Foreign Obligor that is not a US Person that has been issued by its jurisdiction of organization or incorporation and the name of such jurisdiction, as of the Closing Date, are set forth on
Schedule 3.9. 
 3.10         Federal Reserve Board Regulations. No
part of the proceeds of any Loans will be used by the Parent or any of Parent’s Subsidiaries (including each other Borrower) for any purpose that violates the provisions of the Regulations of the Board. If reasonably requested by the applicable
Administrative Agent on behalf of any Lender, the Borrowers will furnish to the applicable Administrative Agent (for delivery to such Lender) a statement to the foregoing effect for the benefit of such Lender in conformity with the requirements of
FR Form G-3 or FR Form U 1 referred to in Regulation U. On the Closing Date, “margin stock” (within the meaning of Regulation U) does not constitute more than 25.0% of the value of the
consolidated assets of the Group Members. 
 3.11         ERISA. Except as
would not, individually or in the aggregate, have or reasonably be expected to have a Material Adverse Effect, (i) neither a Reportable Event nor the failure of any Loan Party or Commonly Controlled Entity to make by its due date a required
installment under Section 430(j) of the Code with respect to any Single Employer Plan or any failure by any Single Employer Plan to satisfy the minimum funding standards (within the meaning of Section 412 of the Code or Section 302 of
ERISA) applicable to such Plan, whether or not waived has occurred during the five year period prior to the date on which this representation is made or deemed made with respect to any Single Employer Plan, and each Plan has complied with the
applicable provisions of ERISA and the Code, (ii) no termination of a Single Employer Plan has occurred, and no Lien in favor of the PBGC or a Single Employer Plan has arisen, during such five-year period, (iii) neither Parent nor any
Commonly Controlled Entity has had, or is reasonably likely to have, a complete or partial withdrawal from any Multiemployer Plan that has resulted or would reasonably be expected to result in a liability under ERISA, (iv) no failure by any
Loan Party or any Commonly Controlled Entity to make any required contribution to a Multiemployer Plan pursuant to Sections 431 or 432 of the Code has occurred, (v) there has not been a determination that any Single Employer Plan is, or is
expected to be, in “at risk” status (within the meaning of Section 430 of the Code or Section 303 of ERISA), and (vi) to the knowledge of Parent or any other Borrower, no Multiemployer Plan is Insolvent, in
“endangered” or “critical” status (within the meaning of Section 432 of the Code or Section 305 of ERISA). 

  
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 3.12         Investment Company
Act. No Loan Party is an “investment company” within the meaning of, or required to register under, the Investment Company Act of 1940. 

3.13         Restricted Subsidiaries. (a) The Restricted Subsidiaries
listed on Schedule 3.13(a) constitute all the Restricted Subsidiaries of Parent as of the Closing Date. Schedule 3.13(a) sets forth as of the Closing Date the exact legal name (as reflected on the certificate of incorporation (or
formation)) and jurisdiction of incorporation (or formation) of each Restricted Subsidiary of Parent and, as to each such Restricted Subsidiary, the percentage and number of each class of Capital Stock of such Restricted Subsidiary owned by the
Group Members. 
 (b)       As of the Closing Date, except as set forth on
Schedule 3.13(b), there are no outstanding subscriptions, options, warrants, calls, rights or other agreements or commitments (other than stock options granted to employees, directors, managers and consultants and directors’ qualifying
shares) of any nature relating to any Capital Stock of Parent or any Restricted Subsidiary. 

(c)       As of the Closing Date, Parent has no Unrestricted Subsidiaries. 

3.14         Use of Proceeds. The proceeds of the Term Loans shall be used on
the Closing Date, to (i) pay the Transaction Costs, (ii) consummate the Refinancing and (iii) general corporate purposes. The proceeds of the Revolving Credit Facility shall be used on the Closing Date solely to roll existing letters
of credit and after the Closing Date for general corporate purposes of Parent and its Restricted Subsidiaries. The proceeds of any Loans under an Incremental Facility shall be used as specified in the relevant Incremental Facility Amendment. The
proceeds of the Replacement Term Loans shall be used as specified in Section 2.24. 

3.15         Environmental Matters. Other than exceptions to any of the
following that would not, in the aggregate, reasonably have or be expected to have a Material Adverse Effect: 

(a)       each Group Member: (i) is, and for the period of three years
immediately preceding the Closing Date has been, in compliance with all applicable Environmental Laws; (ii) holds all Environmental Permits required for any of its current operations or for any property owned, leased, or otherwise operated by
it; and (iii) is in compliance with all of its Environmental Permits; 

(b)       Hazardous Materials are not present at, on, under or in any real
property now or formerly owned, leased or operated by any Group Member, or at any other location (including any location to which Hazardous Materials have been sent by any Group Member for re-use or recycling
or for treatment, storage, or disposal) which would reasonably be expected to (i) give rise to the imposition of Environmental Liabilities on any Group Member, or (ii) interfere with Parent’s or any Group Member’s continued
operations, or (iii) impair the fair saleable value of any real property currently owned or leased by any Group Member; 

(c)       there is no judicial, administrative, or arbitral proceeding pursuant
to any Environmental Law to which any Group Member is named as a party that is pending or, to the 

  
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knowledge of any Group Member, threatened in writing (including any notice of violation or alleged violation); 

(d)       no Group Member has received any written request for information, or
been notified in writing that it is a potentially responsible party under or relating to the Federal Comprehensive Environmental Response, Compensation, and Liability Act or any equivalent state Environmental Law; 

(e)       no Group Member has entered into any consent decree, order,
settlement or other agreement, or is subject to any judgment, decree, order or other agreement, in any judicial, administrative, arbitral, or other forum for dispute resolution, relating to any Environmental Liability; and 

(f)       no Group Member has assumed or retained by contract or operation of
law, or is otherwise subject to, any Environmental Liability. 
 3.16        
Accuracy of Information, Etc. 
 None of any written information, report, financial statement, exhibit or schedule
furnished by or on behalf of any Group Member to the Administrative Agents or any Lender in connection with the negotiation of any Loan Document or included therein or delivered pursuant thereto (as modified or supplemented by other information so
furnished but excluding projected financial information and information of a general economic, forward looking or industry-specific nature), when taken as a whole, contained or contains as of the date the same was or is furnished any material
misstatement of fact or omitted or omits to state any material fact necessary to make the statements contained therein, in the light of the circumstances under which they were or are made (after giving effect to all supplements and updates thereto),
not materially misleading; provided, that to the extent any such information, report, financial statement, exhibit or schedule was based upon or constitutes a forecast, projection or other forward looking statement, each of Parent and each other
Borrower represents only that it acted in good faith based upon assumptions believed by management of Parent or such other Borrower, as the case may be, to be reasonable at the time made and at the time furnished (it being understood that forecasts
and projections by their nature are inherently uncertain, that actual results may differ significantly from the forecasted or projected results and that such differences may be material and no assurances are being given that the results reflected in
the forecasts and projections will be achieved). 
 3.17       Collateral Documents.
(a) The Security Agreement and each other Collateral Document (other than any Mortgages) executed and delivered by a Loan Party is effective to create in favor of the Collateral Agent, for the benefit of the Secured Parties, a legal, valid,
binding and enforceable security interest in the Collateral described therein, except as enforceability may be limited by (i) applicable Debtor Relief Laws and by general equitable principles (whether enforcement is sought by proceedings in
equity or at law) and (ii) Foreign Obligor Enforceability Exceptions. Subject to the terms of Section 5.9(d) and except as otherwise provided under applicable Requirements of Law (including the UCC), in the case of (i) the Pledged
Equity Interests described in the Security Agreement, when any stock certificates representing such Pledged Equity Interests (and constituting “certificated securities” within the meaning of the UCC)

  
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are delivered to the Collateral Agent, (ii) Collateral with respect to which a security interest may be perfected only by possession or control, upon the taking of possession or control by
the Collateral Agent of such Collateral, and (iii) the other personal property Collateral described in the Collateral Documents, when financing statements in appropriate form are filed in the appropriate filing offices, appropriate assignments
or notices are filed in each applicable IP Office and such other filings as are specified by the Security Agreement have been completed, the Lien on the Collateral created by the Security Agreement shall constitute a fully perfected Lien on, and
security interest in, all right, title and interest of the Loan Parties in such Collateral, as security for the Obligations, in each case prior to the Liens of any other Person (except Permitted Liens). 

(b)       Each of the Mortgages executed and delivered by a Loan Party is
effective to create in favor of the Collateral Agent, for the benefit of the Secured Parties, a legal, valid, binding and enforceable Lien on the Mortgaged Properties described therein; and when the Mortgages are filed or recorded in the offices of
the official records of the county where the applicable Mortgaged Property is located, each Mortgage shall constitute a fully perfected Lien on, and security interest in, all right, title and interest of the Loan Parties in the Mortgaged Properties
described therein, as security for the Obligations (as defined in the relevant Mortgage), in each case prior and superior in right to any other Person (other than Persons holding Liens or other encumbrances or rights permitted by the relevant
Mortgage or the Loan Documents, including Permitted Liens). 
 3.18        
Solvency. As of the Closing Date, after giving effect to the Transactions, Parent and its Subsidiaries, on a consolidated basis, are Solvent. 

3.19         PATRIOT Act; FCPA; Sanctions. (a) To the extent
applicable, each Loan Party is in compliance, in all material respects, with (i) Sanctions and (ii) the USA PATRIOT Act and applicable anti-money laundering and anti-terrorism laws and implementing regulations relating thereto. No part of
the proceeds of the Loans will be used by Parent or any of Parent’s Subsidiaries (including each other Borrower), directly or indirectly, for any payments to any governmental official or employee, political party, official of a political party,
candidate for political office, or anyone else acting in an official capacity, in order to obtain, retain or direct business or obtain any improper advantage, in violation of the FCPA. 

(b)       No Group Member or any director, officer, nor, to the knowledge of
Parent or any other Borrower, agent, employee or Affiliate of any Group Member (i) is a Sanctioned Person and (ii) and no Group Member will directly or indirectly use the proceeds of the Loans or otherwise knowingly make available such
proceeds to any Person (x) for the purpose of funding, financing, or facilitating any activities, business or transaction of or with a Sanctioned Person, or in any Sanctioned Country, or (y) in any manner that would result in a violation
of Sanctions by any party to this agreement. Each Group Member and Borrower will maintain policies and procedures reasonably designated to ensure compliance with applicable Sanctions. 

(c)       No Group Member nor to the knowledge of Parent, any director,
officer, agent, employee, Affiliate or other person acting on behalf of Parent or any of its Subsidiaries is aware of or has taken any action, directly or indirectly, that resulted in an actionable violation

  
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by such persons of any applicable anti-bribery law, including but not limited to, the United Kingdom Bribery Act 2010 (the UK Bribery Act) and the FCPA. 

3.20     Broker’s or Finder’s Commissions. No broker’s
or finder’s fee or commission will be payable with respect to the execution and delivery of this Agreement and the other Loan Documents. 

3.21     Labor Matters. Except as would not, individually or in the aggregate, have or reasonably
be expected to have a Material Adverse Effect, (a) there are no strikes, lockouts or slowdowns against any Group Member pending or, to the knowledge of Parent or any other Borrower, threatened, (b) the hours worked by and payments made to
employees of any Group Member have not been in violation of the Fair Labor Standards Act or any other applicable Federal, state, provincial, territorial, local or foreign law dealing with such matters and (c) all payments due from any Group
Member, or for which any claim may be made against any Group Member, on account of wages and employee health and welfare insurance and other benefits, have been paid or accrued as a liability on the books of any such Group Member. The consummation
of the Transactions will not give rise to any right of termination or right of renegotiation on the part of any union under any collective bargaining agreement to which any Group Member is bound. 

3.22     Representations as to Foreign Obligors. Each of Parent and HIL represents and warrants to
the Agents and the Lenders that: 
 (a)       It is, and each other Person that is a Foreign
Obligor is, to the extent the concept is applicable in the relevant jurisdiction, subject to civil and commercial Laws with respect to its obligations under this Agreement and the other Loan Documents to which it is a party (collectively as to each
such party, the “Applicable Foreign Obligor Documents”), and the execution, delivery and performance by it and by each other Person that is a Foreign Obligor of the Applicable Foreign Obligor Documents constitute and will
constitute, to the extent the concept is applicable in the relevant jurisdiction, private and commercial acts and not public or governmental acts. None of Parent or HIL or any other Person that is a Foreign Obligor nor any of their respective
property has any immunity from jurisdiction of any court or from any legal process (whether through service or notice, attachment prior to judgment, attachment in aid of execution, execution or otherwise) under the laws of the jurisdiction in which
such party is organized and existing in respect of its obligations under the Applicable Foreign Obligor Documents. 

(b)       The Applicable Foreign Obligor Documents are in proper legal form under the Laws of
the jurisdiction in which Parent, HIL and each other Person that is a Foreign Obligor are each incorporated or organized and existing for the enforcement thereof against such party under the Laws of such jurisdiction, and to ensure the legality,
validity, enforceability, or admissibility in evidence of the Applicable Foreign Obligor Documents, subject to the exceptions on the enforceability thereof described in Section 3.4 (including, without limitation, the Foreign Obligor
Enforceability Exceptions) and any requirement under local law that the applicable Foreign Obligation Document, prior to admission into any relevant foreign court, be translated into any language required by such court. It is not necessary to ensure
the legality, validity, enforceability, or admissibility in evidence of the Applicable Foreign Obligor Documents that the 

  
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Applicable Foreign Obligor Documents be filed, registered or recorded with, or executed or notarized before, any court or other authority in the jurisdiction in which such Foreign Obligor is
organized and existing or that any registration charge or stamp or similar tax be paid on or in respect of the Applicable Foreign Obligor Documents or any other document, except for (i) any such filing, registration, recording, execution or
notarization as has been made or is not required to be made until the Applicable Foreign Obligor Document or any other document is sought to be enforced, (ii) any charge or tax as has been timely paid, (iii) any stamp duty imposed by the
Cayman Islands or other jurisdiction in the event that the Loan Documents are executed in, or thereafter brought to, the Cayman Islands or such other jurisdiction for enforcement or otherwise. 

(c)       There is no tax, levy, impost, duty, fee, assessment or other governmental charge, or
any deduction or withholding, imposed by any Governmental Authority in or of the jurisdiction in which Parent, HIL or any other Person that is a Foreign Obligor is organized and existing either (i) on or by virtue of the execution or delivery
of the Applicable Foreign Obligor Documents (other than any stamp duty, as referenced in Section 3.22(b)(iii) above) or (ii) any payment to be made by such party pursuant to the Applicable Foreign Obligor Documents,
except as has been disclosed to the Agents. 
 (d)       The execution, delivery and
performance of the Applicable Foreign Obligor Documents executed by Parent, HIL and each other Person that is a Foreign Obligor are, under applicable foreign exchange control regulations of the jurisdiction in which such Foreign Obligor is organized
and existing, not subject to any notification or authorization except (i) such as have been made or obtained or (ii) such as cannot be made or obtained until a later date (provided that any notification or authorization described in
clause (ii) shall be made or obtained as soon as is reasonably practicable). 
 3.23    
Luxembourg Specific Representations. (a) The head office (administration centrale), the place of effective management (siège de direction effective) and (for the purposes of the Regulation (EU) of the
European Parliament and the Council N° 2015/848 of May 20, 2015 on insolvency proceedings, recast), the center of main interests (centre des intérêts principaux) of each Luxembourg Loan Party
is in Luxembourg and is located at the place of its registered office (siège statutaire); (b) each Luxembourg Loan Party complies with all requirements of the Luxembourg law of 31 May 1999 on the domiciliation of
companies, as amended, and all related circulars issued by the Commission de Surveillance du Secteur Financier; (c) none of the Luxembourg Loan Parties has filed and, to the best of their knowledge, no person has filed a request with any
competent court seeking that the relevant Luxembourg Loan Party be declared subject to bankruptcy (faillite), general settlement or composition with creditors (concordat préventif de la faillite) controlled
management (gestion contrôlée), reprieve from payment (sursis de paiement), judicial or voluntary liquidation (liquidation judiciaire ou volontaire), or such other proceedings listed at
Article 13, items 2 to 12, and Article 14 of the Luxembourg Act dated December 19, 2002 on the Register of Commerce and Companies, on Accounting and on Annual Accounts of the Companies (as amended from time to time), (and which include foreign
court decision as to faillite, concordat or analogous procedures according to Regulation (EU) of the European Parliament and the Council n°2015/848 of May 20, 2015 on insolvency proceedings, recast); (d) each Luxembourg Loan Party is not,
and will not, as a result of its entry into the Loan Documents or the performance of its obligations thereunder, be in a state of cessation of payments 

  
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(cessation de paiements), or be deemed to be in such state, and has not lost, and will not, as a result of its entry into the Loan Documents or the performance of its obligations
thereunder, lose its creditworthiness (ébranlement de crédit), or be deemed to have lost such creditworthiness and is not aware, or is not reasonably be aware, of such circumstances; and (e) each Luxembourg Loan Party is in
compliance with any reporting requirements applicable to it pursuant to the to the Central Bank of Luxembourg regulation 2011/8 as amended by the Central Bank of Luxembourg Regulation 2014/17 or Regulation (EU) N°648/2012 of the European
Parliament and of the Council dated 4 July 2012 on OTC derivatives, central counterparties and trade repositories (as applicable). 

SECTION 4. CONDITIONS PRECEDENT 

4.1       Conditions to Closing Date. Subject to Section 5.15, the agreement of each
Lender and Issuing Bank to make the Term Loans requested to be made by it hereunder and Revolving Credit Commitments requested to be made available by it, in each case, on the Closing Date, is subject to the satisfaction (or waiver in accordance
with Section 9.2), prior to or concurrently with the making of such extension of credit (or making such commitments available) on the Closing Date, of the following conditions precedent: 

(a)       Loan Documents. The Administrative Agents shall have received:

 (i)       this Agreement, executed and delivered by the Borrowers, the
Administrative Agents, the Collateral Agent and the Lenders; 
 (ii)      
Notes executed by each Borrower in favor of each Lender requesting Notes; 

(iii)      executed counterparts of the Guaranties, duly executed by each
applicable Guarantor; 
 (iv)      the Security Agreement, duly executed by
each Loan Party that is a Domestic Subsidiary of Parent, together with: 

(A)       to the extent required by the Security Agreement, certificates
representing the Pledged Equity Interests referred to therein, accompanied by undated stock powers and/or share transfer forms executed in blank, and instruments evidencing the Pledged Debt referred to therein, indorsed in blank; 

(B)       proper Financing Statements in form appropriate for filing under the
Uniform Commercial Code of all jurisdictions that the Collateral Agent may deem necessary or desirable in order to perfect the Liens created under the Collateral Documents, covering the Collateral described in the Collateral Documents; 

(C)       a completed Perfection Certificate, listing all effective
financing statements filed in the jurisdictions referred to in clause (B) above 

  
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that name any Loan Party as debtor, together with copies of such other financing statements; 

(D)       evidence that all other actions that the Collateral Agent may
reasonably deem necessary or desirable in order to perfect the Liens created under the Collateral Documents have been taken, and all filing and recording fees and taxes shall have been duly paid; 

(v)       US IP Security Agreements, duly executed by each Loan Party that is a
Domestic Subsidiary of Parent, together with evidence that all actions that the Collateral Agent may deem reasonably necessary or desirable in order to perfect the Liens created under the US IP Security Agreements has been taken; 

(vi)      each pledge and security agreement or mortgage delivered with respect
to the Capital Stock of and in each Foreign Obligor (other than Parent), the Capital Stock of each Subsidiary of each Foreign Obligor that is organized or incorporated (as applicable) in any jurisdiction where any Loan Party is organized or
incorporated (as applicable), and the Intellectual Property of such Foreign Obligors, in each case other than with respect to any Excluded Assets, but including: 

(A)       each Cayman Security Document, duly executed by each Loan Party that
is a party thereto together with the ancillary documents to be delivered pursuant to the Cayman Security Documents on the date that each is entered into; 

(B)       each Luxembourg Security Document, duly executed by each Loan Party
that is a party thereto; and 
 (C)       evidence that all other actions
that the Collateral Agent may deem necessary or desirable in order to perfect or register the Liens created under the Cayman Security Documents and the Luxembourg Security Documents, in each case, have been, or will be, substantially concurrently
with the effectiveness of this Agreement, taken and all filing and recording fees and taxes in respect thereof shall have been or will be, substantially concurrently with the effectiveness of this Agreement, duly paid; and 

(vii)      the documents and deliveries described in Section 5.9(a)(i)(F)
with respect to each Material Real Property listed on Schedule 1.2 (including, without limitation, a duly executed, acknowledged and delivered original Mortgage in form suitable for recording). 

(b)       Refinancing. The Refinancing shall be consummated prior to or
substantially concurrently with the Borrowing under the Term Loan Facility. 

(c)       Notes Financing. Parent has received proceeds of the Senior
Notes financing. 

  
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 (d)       Pro Forma
Financial Statements. The Administrative Agents shall have received a pro forma consolidated balance sheet and related pro forma statement of income of Parent and its Restricted Subsidiaries as of and for the four fiscal quarter period ending on
June 30, 2018 (together, the “Pro Forma Financial Statements”), prepared on the same basis as, and reflecting the transactions reflected in, the pro forma financial statements contained in the offering memorandum for the Senior
Notes, and giving effect to the Transactions as if the Transactions had occurred as of such date (in the case of such pro forma balance sheet) or at the beginning of such period (in the case of such pro forma statement of income) and a consolidated
forecasted balance sheet, statements of income and cash flows of Parent and its Restricted Subsidiaries prepared by Parent in form reasonably satisfactory to the Administrative Agents for each fiscal year commencing with the fiscal year ending
December 31, 2018 through and including the fiscal year ending December 31, 2023. 

(e)       Financial Statements. The Administrative Agents shall have
received unaudited consolidated balance sheets and related statements of income, stockholders’ equity and cash flows of Parent and its Restricted Subsidiaries for each fiscal quarter ended after June 30, 2018 and at least 60 days prior to
the Closing Date. 
 (f)       Fees. All fees and expenses in
connection with the Term Loan Facility and the Revolving Credit Facility (including reasonable out-of-pocket legal fees and expenses) payable by Parent or any other
Borrower to the Lenders, the Arrangers and the Agents on or before the Closing Date shall have been paid to the extent then due; provided, that all such amounts shall be required to be paid, as a condition precedent to the Closing Date, only
to the extent invoiced at least one Business Day prior to the Closing Date. 

(g)       Solvency Certificate. The Term Loan Administrative Agents
shall have received a solvency certificate in the form of Exhibit J from a Responsible Officer of the Parent with respect to the solvency of the Parent and its Subsidiaries, on a consolidated basis, after giving effect to the Transactions. 

(h)       Closing Certificate. The Administrative Agents shall have
received a certificate of the Borrowers, dated the Closing Date, substantially in the form of Exhibit C, with appropriate insertions and attachments, (i) (A) attaching copies of all consents, licenses and approvals required in connection
with the execution, delivery and performance by each Loan Party and the validity against each Loan Party of the Loan Documents to which it is a party, and such consents, licenses and approvals shall be in full force and effect, or
(B) certifying that no such consents, licenses or approvals are so required and (ii) certifying that the conditions specified in clauses (b), (l) and (m) of this Section 4.1 have been satisfied. 

(i)       Other Certifications. The Administrative Agents shall have
received the following: 
 (i)       a copy of the charter or other similar
Organizational Document of each Loan Party and each amendment thereto, certified (as of a date reasonably near the date of the initial extension of credit) as being a true and correct copy 

  
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thereof by the Secretary of State or other applicable Governmental Authority of the jurisdiction in which each such Loan Party is organized or incorporated; 

(ii)       a copy of a certificate of the Secretary of State or other
applicable Governmental Authority of the jurisdiction in which each such Loan Party is organized, dated reasonably near the date of the initial extension of credit, certifying that such Person is duly organized and in good standing under the laws of
such jurisdiction (but only to the extent such concepts exist under applicable law); and 

(iii)      a certificate of the Secretary, Assistant Secretary or other
appropriate Responsible Officer of each Loan Party other than the Luxembourg Loan Parties dated the Closing Date and certifying (A) that attached thereto is a true and complete copy of the by-laws or
other similar Organizational Document of such Person (and the register of members, register of directors and officers, and register of mortgages and charges of any Loan Party incorporated in the Cayman Islands) as in effect on the Closing Date and
at all times since a date prior to the date of the resolutions described in clause (B) below, (B) that attached thereto is a true and complete copy of resolutions duly adopted by the Board of Directors or equivalent governing body and, as
applicable, by the Shareholders of such Person authorizing the execution, delivery and performance of the Loan Documents to which such Person is a party and, in the case of each Borrower, the borrowings hereunder, and that such resolutions have not
been modified, rescinded or amended and are in full force and effect, (C) that the certificate of incorporation or other similar Organizational Document of such Person have not been amended since the date the documents furnished pursuant to
clause (i) above were certified, (D) that attached thereto is a true copy of the certificate delivered pursuant to Clause 4.1(i)(ii) above and (E) as to the incumbency and specimen signature of each officer executing any Loan Document
or any other document delivered in connection herewith on behalf of such Person; and 

(iv)      in respect of any Luxembourg Loan Party, a manager’s certificate
signed by a manager of the relevant Luxembourg Loan Party, certifying the following items: (A) an up-to-date copy of the articles of association of the relevant
Luxembourg Loan Party; (B) an electronic true and complete certified excerpt of the Luxembourg Companies Register pertaining to the relevant Luxembourg Loan Party dated as of the date of this Agreement; (C) an electronic true and complete
certified certificate of non-registration of judgment (certificat de non-inscription d’une décision judiciaire) dated as of the date of this Agreement
issued by the Luxembourg Companies Register and reflecting the situation no more than one Business Day prior to the date of this Agreement certifying that, as of the date of the day immediately preceding such certificate, the relevant Luxembourg
Loan Party has not been declared bankrupt (en faillite), and that it has not applied for general settlement or composition with creditors (concordat préventif de la faillite), controlled management (gestion
contrôlée), or reprieve from payment (sursis de paiement), judicial or voluntary liquidation (liquidation judiciaire ou volontaire), 

  
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such other proceedings listed at Article 13, items 2 to 12, and Article 14 of the Luxembourg Act dated December 19, 2002 on the Register of Commerce and Companies, on Accounting and on
Annual Accounts of the Companies (as amended from time to time), (and which include foreign court decisions as to faillite, concordat or analogous procedures according to Council Regulation (EC) n°1346/2000 of May 29, 2000 on
insolvency proceedings); (D) true, complete and up-to-date board resolutions approving the entry by the relevant Luxembourg Loan Party into, among others, the Loan
Documents; (E) the relevant Luxembourg Loan Party is not subject to nor, as applicable, does it meet or threaten to meet the criteria of bankruptcy (faillite), voluntary or judicial liquidation (liquidation volontaire ou
judiciaire), composition with creditors (concordat préventif de la faillite), controlled management (gestion contrôlée), reprieve from payment (sursis de
paiement), general settlement with creditors or similar laws affecting the rights of creditors generally and no application has been made or is to be made by its manager or, as far as it is aware, by any other person for the appointment of a
commissaire, juge-commissaire, liquidateur, curateur or similar officer pursuant to any voluntary or judicial insolvency, winding-up, liquidation or similar proceedings; (F) a
true and complete specimen of signatures for each of the managers or authorized signatories having executed for and on behalf of the relevant Luxembourg Loan Party the Loan Documents; (G) a certificate of the domiciliation agent or signed by a
manager of the relevant Luxembourg Loan Party certifying, as the case may be, (i) due compliance by the relevant Luxembourg Loan Party with, and adherence to, the provisions of the Luxembourg Law dated 31 May 1999 concerning the
domiciliation of companies, as amended, and the related circulars issued by the Commission de Surveillance du Secteur Financier or (ii) that the premises of the Luxembourg Loan Party are leased pursuant to a legal, valid and binding (and
still in full force and effect) lease agreement and correspond to sufficient unshared office space, with a separate entrance and sufficient office equipment allowing it to effectively carry out its business activities; and (H) true, complete
and up-to-date shareholders registers of each of the relevant Luxembourg Loan Parties reflecting the registration of the relevant Luxembourg Security Documents. 

(j)       Legal Opinions. The Administrative Agents shall have received
favorable legal opinions of (A) Gibson, Dunn & Crutcher LLP, special counsel to the Loan Parties, (B) Snell & Wilmer, L.L.P., Nevada counsel to the Loan Parties, (C) Maples and Calder, Cayman Islands counsel to the
Loan Parties, (D) NautaDutilh Avocats Luxembourg S.à r.l., Luxembourg counsel to the Agents and the Lenders, with respect to the enforceability of the Luxembourg Security Documents, and (E) DLA Piper Luxembourg S.à r.l.,
Luxembourg counsel to the Loan Parties, with respect to the capacity of the Luxembourg Loan Parties to enter into the Loan Documents, in each case in form and substance reasonably satisfactory to the Agents. 

(k)       Know Your Customer and Other Required Information. 

  
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 (i)       The Administrative
Agents and the Arrangers shall have received, no later than three Business Days prior to the Closing Date, all documentation and other information about the Loan Parties as has been reasonably requested in writing at least ten Business Days prior to
the Closing Date by the Administrative Agents and the Arrangers with respect to applicable “know your customer” and anti-money laundering rules and regulations, including the PATRIOT Act. 

(ii)       At least five Business Days prior to the Closing Date, any Borrower
that qualifies as a “legal entity customer” under the Beneficial Ownership Regulation shall deliver a Beneficial Ownership Certification in relation to such Borrower. 

(l)       Representations and Warranties. Each of the representations
and warranties made by any Loan Party in or pursuant to the Loan Documents shall be true and correct in all material respects (or, in the case of any such representation that is qualified by materiality, in all respects) as of the Closing Date,
except in the case of any representations and warranties expressly stated to relate to a specific earlier date, in which case such representations and warranties shall be true and correct in all material respects (or, in the case of any such
representation that is qualified by materiality, in all respects) as of such earlier date. 

(m)       No Default. No Default or Event of Default shall have occurred
and be continuing on the Closing Date or after giving effect to the extensions of credit requested to be made on the Closing Date. 

(n)       No Material Adverse Effect. There shall not have occurred
since December 31, 2017 any event, circumstance or condition that has had or would be reasonably expected, either individually or in the aggregate, to have a Material Adverse Effect. 

(o)       Insurance. The Collateral Agent shall have received current
insurance certificates with respect to the Loan Parties and setting forth the insurance maintained for the benefit of each of the Loan Parties, which shall meet the requirements set forth in Section 5.5 hereof and shall be endorsed or otherwise
amended to include a “standard” or “New York” lender’s loss payable or mortgagee endorsement (as applicable) and shall name the Collateral Agent, on behalf of the Secured Parties, as additional insured, in form and substance
reasonably satisfactory to the Collateral Agent. 
 (p)       Borrowing
Notice. Delivery of a Borrowing Request pursuant to Section 2.2. 

4.2         Conditions to Each Post-Closing Extension of Credit. The obligation
of each Lender and Issuing Bank to make any extension of credit requested to be made by it hereunder on any date (other than (x) the initial extensions of credit on the Closing Date (except with respect to the condition precedent specified in
clause (c) below), (y) any conversion of Loans to the other Type or a continuation of Eurodollar Loans or (z) any amendment, modification, renewal or extension of a Letter of Credit that does not increase the face amount of such Letter of
Credit) is 

  
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subject to the satisfaction of the following conditions precedent (except as otherwise expressly set forth in Section 2.23): 

(a)       Representations and Warranties. Each of the representations and warranties
made by any Loan Party in, or pursuant to, the Loan Documents shall be true and correct in all material respects on and as of such date as if made on and as of such date, except for representations and warranties expressly stated to relate to a
specific earlier date, in which case such representations and warranties shall be true and correct in all material respects as of such earlier date; provided, that, in each case such materiality qualifier shall not be applicable to any
representations or warranties that already are qualified or modified by materiality or “Material Adverse Effect”. 

(b)       No Default. No Default or Event of Default shall have occurred and be
continuing on such date or after giving effect to the extensions of credit requested to be made on such date. 

(c)       Borrowing Notice. Delivery of a Borrowing Request pursuant to
Section 2.6. 
 Each Borrowing of a Loan by or issuance of a Letter of Credit on behalf of the applicable Borrowers
with respect to which the above conditions of this Section 4.2 apply shall be deemed to constitute a representation and warranty by Parent and each other Borrower as of the date of such extension of credit that the applicable conditions
contained in clause (a) and (b) of this Section 4.2 have been satisfied. Notwithstanding the foregoing or anything else in this Agreement to the contrary, solely to the extent set forth in Section 2.23, in connection with any Limited
Conditionality Incremental Transaction, (x) accuracy of representations and warranties (other than Specified Representations in connection with an acquisition, which shall be accurate in all material respects as of the closing date of such
acquisition) or (y) occurrence of a Default or Event of Default (other than a Specified Default), in each case may, at the option of the Borrowers, be determined as of the date the definitive agreement for such Permitted Acquisition or
Investment is signed or the applicable irrevocable redemption notice is given. 
 SECTION 5. AFFIRMATIVE COVENANTS 

Parent and each other Borrower hereby jointly and severally agree that, so long as any Commitments remain in effect or any
Loan or other amount (excluding Obligations in respect of any Specified Hedge Agreements, Cash Management Obligations and contingent reimbursement and indemnification obligations that are not then due and payable) is owing to any Lender, the Agents
or the Arrangers hereunder, each Borrower shall, and Parent shall and shall cause each of the Restricted Subsidiaries to: 

5.1       Financial Statements. Furnish to the Administrative Agents for further delivery
to each Agent and each Lender: 
 (a)       within 90 days after the end of
each fiscal year of Parent (beginning with the fiscal year ending December 31, 2018, a copy of the audited consolidated balance sheets of 

  
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Parent and its consolidated Subsidiaries as at the end of such year and the related audited consolidated statements of income, stockholders’ (or members’) equity and of cash flows for
such year, setting forth in each case in comparative form the figures as of the end of and for the previous year, all in reasonable detail and prepared in accordance with GAAP, reported on without a “going concern” or like qualification,
exception or explanatory paragraph, or qualification, exception or explanatory paragraph as to the scope of the audit (other than any such exception or explanatory paragraph that is expressly solely with respect to, or expressly resulting solely
from, (x) an upcoming maturity date under any Indebtedness occurring within one year from the time such report is delivered or (y) any potential inability to satisfy the Financial Maintenance Covenant on a future date or in a future
period), by PricewaterhouseCoopers, LLP or other independent certified public accountants of nationally recognized standing; 

(b)       within 60 days after the end of each of the first three quarterly
periods of each fiscal year of Parent (beginning with the fiscal quarter ending September 30, 2018), the unaudited consolidated balance sheets of Parent and its consolidated Subsidiaries as at the end of such quarter and the related unaudited
consolidated statements of income, stockholders’ (or members’) equity and of cash flows for such quarter and the portion of the fiscal year through the end of such quarter, setting forth in each case in comparative form the figures as of
the end of and for the corresponding period in the previous year, all in reasonable detail and certified by a Responsible Officer as fairly presenting in all material respects the financial condition, results of operations and cash flows of Parent
and its consolidated Subsidiaries in accordance with GAAP (subject to normal year end audit adjustments and the absence of footnotes); and 

(c)       together with each set of consolidated financial statements referred
to in Sections 5.1(a) and 5.1(b) above, the related consolidating financial statements reflecting the adjustments necessary to eliminate the accounts of Unrestricted Subsidiaries (if any) (which may be in footnote form only) from such
consolidated financial statements. 
 Notwithstanding the foregoing, the obligations in clauses (a), (b) and
(c) of this Section 5.1 may be satisfied with respect to financial information of Parent and its Subsidiaries by furnishing Parent’s Form 10-K or
10-Q, as applicable, filed with the SEC; provided, that, to the extent any such Form 10-K is in lieu of information required to be provided under
Section 5.1(a), the consolidated financial statements included in the materials provided are accompanied by a report by an independent certified public accountants of nationally recognized standing (without a “going concern” or like
qualification, exception or explanatory paragraph, or qualification, exception or explanatory paragraph as to the scope of the audit (other than any such exception or explanatory paragraph that is expressly solely with respect to, or expressly
resulting solely from, (x) an upcoming maturity date under any Indebtedness occurring within one year from the time such report is delivered or (y) any potential inability to satisfy any financial maintenance covenant on a future date or
in a future period)). 
 5.2       Certificates; Other Information. Furnish to the
Administrative Agents, in each case for further delivery to each Lender, or, in the case of clause (c) or (e), to the relevant Lender: 

  
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 (a)       concurrently with
the delivery of any financial statements pursuant to Sections 5.1(a) and 5.1(b) (or the Form 10-K or 10-Q, as applicable, referred to in the last paragraph of
Section 5.1), a Compliance Certificate of a Responsible Officer that shall include, or have appended thereto, (i) a statement that such Responsible Officer has obtained no knowledge of any continuing Default or Event of Default, or if any
such Default or Event of Default has occurred and is continuing, specifying the nature and extent thereof and any action taken or proposed to be taken with respect thereto and (ii) solely with respect to the delivery of any financial statements
pursuant to Section 5.1(a) (or the Form 10-K referred to in the last paragraph of Section 5.1), an updated Perfection Certificate, signed by a Responsible Officer, (A) setting forth the
information required pursuant to the Perfection Certificate and indicating any changes in such information from the most recent Perfection Certificate delivered pursuant to this clause (ii) (or, prior to the first delivery of a Perfection
Certificate pursuant to this clause (ii), from the Perfection Certificate delivered on the Closing Date) or (B) a statement certifying that there has been no change in such information from the most recent Perfection Certificate delivered
pursuant to this clause (ii) (or, prior to the first delivery of a Perfection Certificate pursuant to this clause (ii), from the Perfection Certificate delivered on the Closing Date); 

(b)       within ten days after the same are sent or made available, copies of
all reports that any Group Member sends to the holders of any class of its public equity securities and, promptly after the same are filed, copies of all reports or other materials that any Group Member may make to, or file with, the SEC or any
national securities exchange (other than amendments to any registration statement (to the extent such registration statement, in the form it became effective, is delivered to the Administrative Agents), exhibits to any registration statement and, if
applicable, any registration statement on Form S-8), and in any case not otherwise required to be furnished to the Administrative Agents or the Lenders pursuant to any other clause of this
Section 5.2, in each case only to the extent such reports are of a type customarily delivered by borrowers to lenders in syndicated loan financings; provided, that the Borrowers shall not be required to deliver copies of any such reports or
other materials that have been posted on EDGAR or any successor filing system thereto); 

(c)       promptly after the request by any Lender, all documentation and other
information that 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 PATRIOT Act; 

(d)       no later than 90 days after the first day of each fiscal year of
Parent, commencing with the fiscal year ending December 31, 2018, an annual budget (on a rolling four year basis) in form customarily prepared by Parent with regard to Parent and its Restricted Subsidiaries; and 

(e)       promptly, such additional financial and other information regarding
the business, legal, financial or corporate affairs of Parent or any Restricted Subsidiary, or compliance by any Loan Party with the terms of the Loan Documents to which it is a party, as the Administrative Agents may from time to time reasonably
request (on its own behalf or on 

  
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behalf of any Lender), including for the avoidance of doubt, any consolidating financial information to the extent there are any Unrestricted Subsidiaries. 

Each Borrower hereby acknowledges and agrees that all financial statements furnished pursuant to Sections 5.1(a) and
5.1(b) above and the Compliance Certificates furnished pursuant to Section 5.2(a) are hereby deemed to be Borrower Materials suitable for distribution, and to be made available, to Public Lenders as contemplated by Section 9.1 and may be
treated by the Administrative Agent and the Lenders as if the same had been marked “PUBLIC” in accordance with such paragraph (unless such Borrower otherwise notifies the Administrative Agent in writing on or prior to the delivery
thereof). 
 5.3       Payment of Obligations. Pay, discharge or otherwise satisfy
before they become delinquent, as the case may be, all its obligations (other than Indebtedness), including Tax obligations, except (a) where the amount or validity thereof is currently being contested in good faith by appropriate proceedings
and reserves in conformity with GAAP with respect thereto have been provided on the books of any Group Member, as the case may be, or (b) where the failure to pay, discharge or otherwise satisfy the same would not have or reasonably be expected
to have a Material Adverse Effect. 
 5.4       Conduct of Business and Maintenance of
Existence, Compliance with Laws, Etc. 
 (a)       (i) (x) Preserve, renew and keep
in full force and effect its corporate or other organizational existence (it being understood, for the avoidance of doubt, that the foregoing shall not limit any change in form of entity or organization) and (y) take all reasonable action to
maintain all rights, privileges, franchises, permits and licenses necessary in the normal conduct of its business, except, in each case, as otherwise permitted by Section 6.4 and except (other than in the case of the preservation of existence
of Parent and each other Borrower) to the extent that failure to do so would not have or reasonably be expected to have a Material Adverse Effect; and (ii) comply with all Contractual Obligations (other than obligations under agreements or
instruments relating to Indebtedness), applicable Requirements of Law (including ERISA and the PATRIOT Act) and all orders, writs, injunctions and decrees of any Governmental Authority applicable to it or to its business or property, except to the
extent that failure to comply therewith would not, individually or in the aggregate, have or reasonably be expected to have a Material Adverse Effect. 

(b)       Notwithstanding the foregoing, if each of HII, HIL and the Term Loan Borrower
maintains their respective legal existence and good standing under the Laws of the jurisdiction in which such Borrower is organized as of the Closing Date (to the extent such concepts exist in such jurisdictions), Parent shall be permitted to
maintain its legal existence and good standing under the Laws of the jurisdiction in which Parent is organized as of the Closing Date or any other jurisdiction so long as (v) the change to such jurisdiction would not have an adverse effect on
the interests of the Lenders (it being understood and agreed that any loss, reduction or other adverse effect on the nature and scope of the Guaranties (including, without limitation, any adverse effect on the extent to which the Obligations are
guarantied thereby) and the Collateral shall be deemed to have an adverse effect on the interests of the Lenders), (w) such jurisdiction shall be any of the Republic of Ireland, the United Kingdom, 

  
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any state within the United States or the District of Columbia, or any other jurisdiction approved by the Term Loan Administrative Agents (such approval not to be unreasonably withheld), (x) the
Administrative Agents shall have received in respect of such change in jurisdiction all documentation (including any documentation requested by Administrative Agents or any Lender as may be required under applicable “know your customer”
and anti-money laundering rules and regulations, including, without limitation, the PATRIOT Act), deliveries and evidence of completion of any actions contemplated by Sections 5.9 and 5.11 on or before the date of any such change in jurisdiction,
(y) Parent shall have taken all reasonable action to maintain all rights, privileges, permits, licenses and franchises necessary or desirable in the normal conduct of its business, except to the extent that failure to do so could not reasonably
be expected to have a Material Adverse Effect and (z) Parent shall have preserved or renewed all of its registered patents, copyrights, trademarks, trade names and service marks, the non-preservation of
which could reasonably be expected to have a Material Adverse Effect. 
 5.5     Maintenance of
Property; Insurance. (a) (i) Except as would not have or reasonably be expected to have a Material Adverse Effect, keep all Property and systems necessary in its business in good working order and condition, ordinary wear and tear excepted
and (ii) maintain with insurance companies Parent believes to be financially sound and reputable insurance on all its Property in at least such amounts (after giving effect to any self-insurance reasonable and customary for similarly situated
Persons engaged in the same or similar businesses as Parent and the Restricted Subsidiaries) and against at least such risks as are usually insured against in the same geographic regions by companies of similar size engaged in the same or a similar
business. 
 (b)       Within 90 days following the date hereof the Collateral Agent shall be
named as an additional insured on the global general liability policy and as a loss payee on Parent’s global property and casualty insurance policy. 

(c)       If at any time the property upon which a structure is located is identified as a
“special flood hazard area” in any Flood Insurance Rate Map published by the Federal Emergency Management Agency (or any successor agency), the Borrowers shall obtain flood insurance covering the improvements and contents in an amount that
is necessary to cover the estimated probable maximum loss or such other amount as the Collateral Agent may from time to time reasonably require and which flood insurance shall otherwise comply with the National Flood Insurance Program as set forth
in the Flood Disaster Protection Act of 1973, as it may be amended from time to time (including with respect to coverage and deductible limits). 

5.6       Inspection of Property; Books and Records; Discussions. (a) Keep proper
books of records and account in which full, true and correct in all material respects entries in conformity with GAAP and all material applicable Requirements of Law shall be made of all material dealings and transactions in relation to its business
activities and (b) permit representatives of any Agent or any Lender, upon reasonable prior notice, to visit and inspect any of its properties and examine and, at the applicable Borrower’s expense, make abstracts from any of its books and
records at any reasonable time and as often as may reasonably be desired (subject to the immediately succeeding sentence) and to discuss the business, operations, properties and financial and other condition of Parent and the Group Members with
officers and employees of Parent and the Group Members and with their respective independent certified public accountants (subject to such accountants’ 

  
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policies and procedures). Notwithstanding the foregoing, so long as no Event of Default has occurred and is continuing, such visits, inspections and examinations shall only be conducted by the
Term Loan Administrative Agents and shall be limited to one per fiscal year plus any additional visits in connection with Lender meetings (and only one time at the Loan Parties’ expense). The Administrative Agents and the Lenders shall give
Parent or any other Borrower the opportunity to participate in any discussions with Parent’s independent public accountants. Notwithstanding anything to the contrary in this Section 5.6, no Group Member will be required to disclose, permit
the inspection, examination or making copies or abstracts of, or discussion of, any document, information or other matter that (i) constitutes trade secrets or proprietary information, (ii) in respect of which disclosure to the
Administrative Agents or any Lender (or their respective representatives or contractors) is prohibited by any Requirement of Law or any binding agreement or (iii) is subject to attorney-client or similar privilege or constitutes attorney work
product. 
 5.7       Notices. Promptly after (or, in the case of clause (c) or
(d), within 30 days after and in the case of clause (e), promptly following any request therefor) a Responsible Officer acquires knowledge thereof, give notice to the Administrative Agents and each Lender of: 

(a)       the occurrence of any Default or Event of Default; 

(b)       any litigation, investigation or proceeding which may exist at any time, that would
have or reasonably be expected to have a Material Adverse Effect; 
 (c)       the following
events to the extent such events would have or reasonably be expected to have a Material Adverse Effect: (i) the occurrence of any Reportable Event with respect to any Plan, a failure to make any required contribution to a Single Employer Plan
or Multiemployer Plan that would reasonably be expected to result in a Lien in favor of the PBGC or a Single Employer Plan or Multiemployer Plan, the creation of any Lien in favor of the PBGC or a Single Employer Plan or Multiemployer Plan or any
withdrawal from, or the termination or Insolvency of, any Multiemployer Plan or (ii) the institution of proceedings or the taking of any other action by the PBGC or any Borrower or any Commonly Controlled Entity or any Multiemployer Plan with
respect to the withdrawal from, or the termination or Insolvency of, any Single Employer Plan; and 

(d)       any other development or event that has or would reasonably be expected to have a
Material Adverse Effect; and 
 (e)       provide information and documentation reasonably
requested by the Administrative Agent or any Lender for purposes of compliance with applicable “know your customer” and anti-money-laundering rules and regulations, including, without limitation, the PATRIOT Act and the Beneficial
Ownership Regulation. 
 Each notice pursuant to this Section 5.7 shall be accompanied by a statement of a Responsible Officer setting
forth details of the occurrence referred to therein and stating what action (if any) the relevant Group Member proposes to take with respect thereto. 

  
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 5.8       Environmental Laws.
(a) Comply in all respects with all applicable Environmental Laws, and obtain, maintain and comply with, any and all Environmental Permits, except to the extent the failure to so comply with Environmental Laws or obtain, maintain or comply with
Environmental Permits would not have or reasonably be expected to have a Material Adverse Effect. 

(b)       Conduct and complete all investigations, studies, sampling and testing, and all
remedial, removal and other corrective actions required pursuant to Environmental Laws and promptly comply in all respects with all lawful orders and directives of all Governmental Authorities regarding any violation of or non-compliance with Environmental Laws and any Release or threatened Release of Hazardous Materials, except, in each case, to the extent the failure to do so would not have or reasonably be expected to have a
Material Adverse Effect. 
 5.9       Additional Collateral, Etc. (a) Except with
respect to any Excluded Assets, at the Borrowers’ expense: 

(i)             in the case of any Loan Party
that is a Domestic Subsidiary, 
 (A)       within 30 days (or such later
date as may be agreed by the Collateral Agent in its sole discretion) of the delivery of any Compliance Certificate to the Administrative Agents pursuant to Section 5.2(a), with respect to any property or assets acquired during the immediately
preceding fiscal quarter that are not subject to a perfected first priority Lien (subject to Permitted Liens) in favor of the Collateral Agent for the benefit of the Secured Parties (as well as any real property not subject to a Mortgage as of the
Closing Date which becomes Material Real Property after the Closing Date), furnish to the Collateral Agent a description of such property or assets so held or acquired in detail satisfactory to the Collateral Agent, 

(B)       [reserved], 

(C)       within 30 days (or such later date as may be agreed by the Collateral
Agents in its sole discretion) of the delivery of any Compliance Certificate to the Administrative Agents pursuant to Section 5.2(a), after such acquisition, cause the applicable Loan Party to duly execute and deliver to the Collateral Agent
any supplements to the Security Agreement, supplements to any US IP Security Agreement and other security and pledge agreements as specified by and in form and substance satisfactory to the Collateral Agent, securing payment of all the Obligations
of the applicable Loan Party under the Loan Documents and constituting Liens on all such properties, 

(D)       within 30 days (or such later date as may be agreed by the Collateral
Agent in its sole discretion) of the delivery of any Compliance Certificate to the Administrative Agents pursuant to Section 5.2(a), cause the applicable Loan Party to take whatever action (including the filing of

  
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Uniform Commercial Code financing statements) may be necessary or advisable in the opinion of the Collateral Agent to vest in the Collateral Agent (or in any representative of the Collateral
Agent designated by it) valid and subsisting Liens on such property or assets, enforceable against all third parties, but in any case, subject to any Permitted Liens and in accordance with the Collateral Documents, 

(E)       within 60 days (or such later date as may be agreed by the Collateral
Agent in its sole discretion) of the delivery of any Compliance Certificate to the Administrative Agents pursuant to Section 5.2(a), deliver to the Collateral Agent, upon the request of the Collateral Agent, in its sole discretion, a signed
copy of a favorable opinion, addressed to the Collateral Agent and the other Secured Parties, of counsel for the Loan Parties acceptable to the Collateral Agent as to the matters contained in clauses (C) and (D) above and as to such other
matters as the Collateral Agent may reasonably request, and 
 (F)       in
the case of any such Material Real Property, within 60 days (or such later date as may be agreed by the Collateral Agent in its sole discretion) after (i) the date of the acquisition of Material Real Property or (ii) the date of the
delivery of any Compliance Certificate to the Administrative Agents pursuant to Section 5.2(a) if such real property became during the immediately preceding fiscal quarter (or was determined to be) a Material Real Property, deliver to the
Collateral Agent a Mortgage with respect to such Material Real Property, duly executed by such Loan Party, together with, for each such Mortgage: 

(1)       evidence that counterparts of such Mortgage have been duly executed, acknowledged and
delivered and are in form suitable for filing or recording in all filing or recording offices that the Collateral Agent may reasonably deem necessary or desirable in order to create a valid first and subsisting Lien (subject only to Permitted Liens)
on the property described therein in favor of the Collateral Agent for the benefit of the Secured Parties and that all filing, documentary, stamp, intangible and recording taxes and other fees in connection therewith have been paid, 

(2)       (i) a fully paid American Land Title Association Lender’s Extended Coverage
title insurance policy or unconditional commitment therefor, with endorsements or affirmative insurance requested by the Collateral Agent (which may include, without limitation, endorsements on matters relating to usury, first loss, last dollar (to
the extent not otherwise provided), zoning, doing business, variable rate, address, separate tax lot, subdivision, tie in or cluster, contiguity, access and so-called comprehensive coverage over covenants and
restrictions, to the extent such endorsements are 

  
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available in the applicable jurisdiction(s) at commercially reasonable rates) and in amounts reasonably acceptable to the Collateral Agent, issued by title insurers acceptable to the Collateral
Agent (collectively, the “Title Company”), insuring such Mortgage to be a valid first and subsisting Lien (subject only to Permitted Liens) on the property described therein, free and clear of all defects (including, but not limited
to, mechanics’ and materialmen’s Liens) and encumbrances, excepting only Permitted Liens, and providing for such other affirmative insurance and such coinsurance and direct access reinsurance as the Collateral Agent may deem reasonably
necessary or desirable (each such policy or unconditional commitment, a “Mortgage Policy”); and the applicable Loan Party shall deliver to the Title Company such affidavits and indemnities as shall be reasonably required to induce
the Title Company to issue the Title Policy contemplated in this clause (B) and (ii) evidence reasonably satisfactory to the Collateral Agent that all expenses and premiums of the Title Company and all other sums required in connection with the
issuance of the Title Policy and all recording and stamp taxes (including mortgage recording and intangible taxes) payable in connection with recording such Mortgage in the appropriate real estate records have been paid to the Title Company or to
the appropriate Governmental Authorities, 
 (3)       to the extent within the possession of
Parent or any of its Restricted Subsidiaries, the most current American Land Title Association survey for the Mortgaged Property, 

(4)       evidence of the insurance required by Section 5.5 

(5)       (i) a completed “Life of Loan” standard flood hazard determination form;
(ii) if the improvement(s) located on a Mortgaged Property is located in a Special Flood Hazard Area, a notification to the Title Company (“Borrower Notice”) and (if applicable) notification to the Title Company that flood
insurance coverage under the National Flood Insurance Program (“NFIP”) is not available because the community in which the property is located does not participate in the NFIP; and (iii) if the Borrower Notice is required to be
given and flood insurance is available in the community in which the improved Mortgaged Property is located, a copy of one of the following: the flood insurance policy, the Title Company’s application for a flood insurance policy plus proof of
premium payment, a declaration page confirming that flood insurance has been issued, or such other evidence of flood insurance required by Section 5.5 (any of the foregoing being “Evidence of Flood Insurance”); provided that no
Mortgage shall encumber any improved Mortgaged Property that is located in a Special Flood 

  
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Hazard Area unless Evidence of Flood Insurance has been obtained and provided to the Collateral Agent; 

(6)       an opinion of counsel (which counsel shall be reasonably satisfactory
to the Collateral Agent) in each state in which a Mortgaged Property is located with respect to the enforceability of the form(s) of Mortgage to be recorded in such state and such other matters as the Collateral Agent may reasonably request, in each
case, addressed to the Collateral Agent and the other Secured Parties and in form and substance reasonably satisfactory to the Collateral Agent; and 

(7)       evidence that all other action that the Collateral Agent may deem necessary or
desirable in order to create valid first and subsisting Liens (subject only to Permitted Encumbrances) on the property described in the Mortgage has been taken; 

(ii)           in the case of any Loan Party that is a
Foreign Subsidiary, 
 (A)       within 60 days (or such later date as may be
agreed by the Collateral Agent in its sole discretion) after the date any Compliance Certificate is delivered to the Administrative Agents pursuant to Section 5.2(a), with respect to any Capital Stock in any Restricted Subsidiaries organized or
incorporated in any jurisdiction in the immediately preceding fiscal quarter in which any Loan Party is organized or any Intellectual Property (other than Intellectual Property that is (i) of de minimis value or (ii) licensed from any IP
Holding Company) that is not subject to a perfected first priority Lien (subject to Permitted Liens) in favor of the Collateral Agent for the benefit of the Secured Parties, furnish to the Collateral Agent a description of such Capital Stock or
Intellectual Property so acquired in detail satisfactory to the Collateral Agent, 
 (B)
      within 60 days (or such later date as may be agreed by the Collateral Agent in its sole discretion) after the date any Compliance Certificate is delivered to the Administrative Agents pursuant to
Section 5.2(a), cause the applicable Loan Party to duly execute and deliver to the Collateral Agent any pledge and/or security agreements in respect of such Capital Stock, any security and pledge agreements governed by the laws of any
jurisdiction in which any Loan Party is organized (as applicable) with respect to such Intellectual Property, and any other Collateral Documents with respect to such assets, in each case, as specified by and in form and substance reasonably
satisfactory to the Collateral Agent (including delivery of, or completion of such other actions which are required to be taken by the applicable Collateral Documents to perfect the Liens in, all such pledged Capital Stock), securing payment of all
the 

  
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Obligations of such Loan Party under the Loan Documents and constituting Liens on all such Capital Stock and Intellectual Property, 

(C)       within 60 days (or such later date as may be agreed by the Collateral
Agent in its sole discretion) after the date any Compliance Certificate is delivered to the Administrative Agents pursuant to Section 5.2(a), cause the applicable Loan Party to take whatever action may be necessary or advisable in the opinion
of the Collateral Agent to vest in the Collateral Agent (or in any representative of the Collateral Agent designated by it) for the benefit of the Secured Parties valid and subsisting Liens on such assets, enforceable against all third parties, and

 (D)       within 60 days (or such later date as may be agreed by the
Collateral Agent in its sole discretion) after the date any Compliance Certificate is delivered to the Administrative Agents pursuant to Section 5.2(a), deliver to the Collateral Agent, upon the request of the Collateral Agent in its sole
discretion, a signed copy of a favorable opinion, addressed to the Collateral Agent and the other Secured Parties, of counsel for the Loan Parties acceptable to the Collateral Agent as to the matters contained in clauses (A), (C) and
(D) above, and as to such other matters as the Collateral Agent may reasonably request. 
 The Borrowers shall otherwise take or cause
to be taken such actions and execute and/or deliver or cause to be executed and/or delivered to the Collateral Agent such documents as the Collateral Agent shall require to confirm the validity of the Lien granted in favor of the Collateral Agent
for the benefit of the Secured Parties against such after-acquired properties or assets, and such assets held on the Closing Date not made subject to a Lien created by any of the Collateral Documents. 

For the avoidance of doubt, and without limitation, Section 5.9 shall apply to any division of a Loan Party and to
any division of a Group Member required to become a Loan Party pursuant to the terms of the Loan Documents and to any allocation of assets to a series of a limited liability company. 

(b)         With respect to (A) any Restricted Subsidiary (other than any
Excluded Subsidiary) which is required to become a Loan Party to comply with the provisions of Section 5.14, or (B) any Restricted Subsidiary that becomes an IP Holding Company after the Closing Date, in each case, at the Borrowers’
expense: 
 (i)       if such Restricted Subsidiary is a Domestic Subsidiary,

 (A)       within 30 days after the date the applicable Compliance
Certificate is delivered to the Administrative Agents pursuant to Section 5.2(a) (or such later date as may be agreed by the Collateral Agent in its sole discretion), cause such Domestic Subsidiary to duly execute and deliver to the Collateral
Agent a guaranty or guaranty supplement, in form 

  
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and substance reasonably satisfactory to the Collateral Agent, guaranteeing the Obligations of the Loan Parties, 

(B)       within 30 days after the date the applicable Compliance Certificate
is delivered to the Administrative Agents pursuant to Section 5.2(a) (or such later date as may be agreed by the Collateral Agent in its sole discretion), furnish to the Collateral Agent a description of the properties and assets of such
Domestic Subsidiary, in detail reasonably satisfactory to the Collateral Agent, 
 (C)
      within 30 days after the date the applicable Compliance Certificate is delivered to the Administrative Agents pursuant to Section 5.2(a) (or such later date as may be agreed by the Collateral Agent in its
sole discretion), cause to be duly executed and delivered to the Collateral Agent any pledge agreements, supplements to the Security Agreement, supplements to any US IP Security Agreement, other Collateral Documents, as specified by and in form and
substance reasonably satisfactory to the Collateral Agent (including delivery of all Pledged Equity Interests in and of such Subsidiary), securing the Obligations of such Domestic Subsidiary under the Loan Documents and constituting Liens on all
such properties and assets, 
 (D)       within 30 days after the date the
applicable Compliance Certificate is delivered to the Administrative Agents pursuant to Section 5.2(a) (or such later date as may be agreed by the Collateral Agent in its sole discretion), cause to be taken whatever action (including the filing
of Uniform Commercial Code financing statements) may be necessary or advisable in the reasonable opinion of the Collateral Agent to vest in the Collateral Agent (or in any representative of the Collateral Agent designated by it) for the benefit of
the Secured Parties valid and subsisting Liens on the properties purported to be subject to such pledge agreements, supplements to the Security Agreement, supplements to any US IP Security Agreement and other Collateral Documents delivered pursuant
to this Section 5.9, enforceable against all third parties in accordance with their terms, 
 (E)
      within 60 days after the date the applicable Compliance Certificate is delivered to the Administrative Agents pursuant to Section 5.2(a) (or such later date as may be agreed by the Collateral Agent in its
sole discretion), deliver to the Collateral Agent, upon the request of the Collateral Agent in its sole discretion, a signed copy of a favorable opinion, addressed to the Collateral Agent and the other Secured Parties, of counsel for the Loan
Parties acceptable to the Collateral Agent as to the matters contained in clauses (A), (C) and (D) above, and as to such other matters as the Collateral Agent may reasonably request, 

  
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 (F)       within 60 days
after the date the applicable Compliance Certificate is delivered to the Administrative Agents pursuant to Section 5.2(a) (or such later date as may be agreed by the Collateral Agent in its sole discretion), with respect to each parcel of
Material Real Property owned or held by such Domestic Subsidiary, deliver such documents, deliverables or instruments and take such actions similar to those described in Section 5.9(a)(i)(F), each in scope, form and substance satisfactory to
the Collateral Agent; and 
 (ii)           if such
Restricted Subsidiary is a Foreign Subsidiary, 
 (A)       within 60 days
after the date the applicable Compliance Certificate is delivered to the Administrative Agents pursuant to Section 5.2(a) (or such later date as may be agreed by the Collateral Agent in its sole discretion), cause such Foreign Subsidiary to
duly execute and deliver to the Collateral Agent a guaranty or guaranty supplement, in form and substance satisfactory to the Collateral Agent, guaranteeing the Obligations of the Loan Parties, 

(B)       within 60 days after the date the applicable Compliance Certificate
is delivered to the Administrative Agents pursuant to Section 5.2(a) (or such later date as may be agreed by the Collateral Agent in its sole discretion), furnish to the Collateral Agent a description of the Capital Stock in and of such Foreign
Subsidiary, the Capital Stock of its Subsidiaries, and all Intellectual Property of such Foreign Subsidiary, in detail satisfactory to the Collateral Agent, 

(C)        within 60 days after the date the applicable Compliance
Certificate is delivered to the Administrative Agents pursuant to Section 5.2(a) (or such later date as may be agreed by the Collateral Agent in its sole discretion), cause to be duly executed and delivered to the Collateral Agent any pledge
and/or security agreements in respect of the Capital Stock in and of such Foreign Subsidiary and each of its direct, first-tier Subsidiaries organized or incorporated in any jurisdiction in which any Loan Party is organized, any security and pledge
agreements governed by the laws of any jurisdiction in which any Loan Party is organized (as applicable) with respect to such Intellectual Property of such Foreign Subsidiary (excluding any Intellectual Property that is (i) of de minimis value
or (ii) licensed from any IP Holding Company), and any other Collateral Documents with respect to such assets, in each case, as specified by and in form and substance reasonably satisfactory to the Collateral Agent (including delivery of, or
completion of such other actions which are required to be taken by the applicable Collateral Documents to perfect the Liens in, all pledged Capital Stock in and of such Subsidiary and each of its Subsidiaries organized or incorporated in any
jurisdiction in which any Loan Party is organized or incorporated), securing the Obligations of such 

  
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Foreign Subsidiary under the Loan Documents and constituting Liens on all such properties and assets, 

(D)       within 60 days after the date the applicable Compliance Certificate
is delivered to the Administrative Agents pursuant to Section 5.2(a) (or such later date as may be agreed by the Collateral Agent in its sole discretion), cause to be taken whatever action may be necessary or advisable in the opinion of the
Collateral Agent to vest in the Collateral Agent (or in any representative of the Collateral Agent designated by it) for the benefit of the Secured Parties valid and subsisting Liens on such assets, enforceable against all third parties, and 

(E)       within 60 days after the date the applicable Compliance Certificate
is delivered to the Administrative Agents pursuant to Section 5.2(a) (or such later date as may be agreed by the Collateral Agent in its sole discretion), deliver to the Collateral Agent, upon the request of the Collateral Agent in its sole
discretion, a signed copy of a favorable opinion, addressed to the Collateral Agent and the other Secured Parties, of counsel for the Loan Parties acceptable to the Collateral Agent as to the matters contained in clauses (A), (C) and
(D) above, and as to such other matters as the Collateral Agent may reasonably request. 
 (c)
        Notwithstanding anything to the contrary contained in any of the Loan Documents: (i) any guaranty of the Obligations that is provided by any Restricted Subsidiary of Parent that is an Excluded
U.S. Guarantor described in clause (a) of the definition thereof shall not extend to the obligations of HII, either (x) directly or (y) indirectly by virtue of guaranteeing the Obligations of any Loan Party that is not a U.S. Person
which has itself guaranteed the Obligations of HII (but, for the avoidance of doubt, any Excluded U.S. Guarantor that has guaranteed the Obligations of any Loan Party that is not a U.S. Person shall be liable for all Obligations of such Loan Party
pursuant to any such guarantee other than such Loan Party’s obligations under any guarantee of the Obligations of a U.S. Person); (ii) any guaranty of the Obligations that is provided by any Restricted Subsidiary of Parent that is an Excluded
U.S. Guarantor described in clause (b) of the definition thereof shall not extend to the obligations of the Term Loan Borrower, either (x) directly or (y) indirectly by virtue of guaranteeing the Obligations of any Loan Party that is
not a U.S. Person which has itself guaranteed the Obligations of the Term Loan Borrower (but, for the avoidance of doubt, any Excluded U.S. Guarantor that has guaranteed the Obligations of any Loan Party that is not a U.S. Person shall be liable for
all Obligations of such Loan Party pursuant to any such guarantee other than such Loan Party’s obligations under any guarantee of the Obligations of a U.S. Person); (iii) the Collateral shall not include any Excluded Assets; (iv) leasehold
mortgages and landlord lien waivers, estoppels, warehouseman waivers or other collateral access letters will not be required; (v) control agreements will not be required in respect of deposit accounts, securities accounts, commodities accounts
and other similar accounts; (vi) no Loan Party shall be required to execute or deliver any Collateral Documents governed by any law other than the laws of the state of New York or any jurisdiction of organization or incorporation of any Loan
Party; and (vii) perfection shall not be required with respect to: (A) vehicles and any other assets subject to certificates of title to the extent a Lien therein cannot be perfected by filing

  
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a Uniform Commercial Code financing statement, (B) commercial tort claims, (C) letter of credit rights (other than supporting obligations) and (D) any property or assets of Parent
or any of its Subsidiaries to the extent the cost, burden, difficulty or consequence (including any effect on the ability of the Loan Parties to conduct their operations and business in the ordinary course) of perfecting a security interest therein
outweighs the benefit of the security afforded thereby to the Secured Parties as reasonably determined by Parent and the Collateral Agent (and the maximum guaranteed or secured amount may be limited to minimize stamp duty, notarization, registration
or other applicable fees, taxes and/or duties where the benefit to the Secured Parties of increasing the guaranteed or secured amount is disproportionate to the level of such fees, taxes and/or duties); provided, further, that if any Subsidiary is
no longer an Excluded U.S. Guarantor or if any equity interests in any Subsidiary is no longer an Excluded Asset, such Subsidiary shall provide guarantees hereunder and such Assets shall be pledged pursuant to the provisions of this Section 5.9
as if such Subsidiary is a newly acquired Subsidiary and such Assets are newly acquired Assets. 
 (d)
      At any time upon request of the Collateral Agent, promptly execute and deliver any and all further instruments and documents and take all such other action as the Collateral Agent may deem necessary or desirable
in obtaining the full benefits of, or (as applicable) in perfecting and preserving the Liens of, such guaranties, supplements to the Security Agreement, supplements to any US IP Security Agreement, deeds of trust, trust deeds, deeds to secure debt,
mortgages, and other Collateral Documents. 
 (e)       Notwithstanding anything in this
Section 5.9 or in any other Loan Document to the contrary, (i) prior to any Material Real Property becoming subject to a Mortgage in favor of the Collateral Agent (A) the Borrowers shall give not less than forty-five (45) prior
written notice to the Lenders and (B) each Revolving Credit Lender shall have provided written confirmation to the Collateral Agent of completion of its flood insurance due diligence and flood insurance compliance and (ii) any increase,
extension or renewal of any Facility shall, other than in connection with a Limited Conditionality Incremental Transaction, be subject to flood insurance due diligence and flood insurance compliance reasonably satisfactory to the Revolving Credit
Lenders. 
 5.10         Use of Proceeds. Use the proceeds of the Loans only
for the purposes specified in Section 3.14 and shall not use such proceeds in any manner that would cause the representations and warranties in Section 3.19 to be untrue. 

5.11         Further Assurances. 

(a)       From time to time execute and deliver, or cause to be executed and delivered, such
additional instruments, certificates or documents, and take all such actions, as the Agents may reasonably request for the purposes of implementing or effectuating the provisions of this Agreement and the other Loan Documents, or of more fully
perfecting or renewing the rights of the Collateral Agent and the Lenders with respect to the Collateral (or with respect to any additions thereto or replacements or proceeds or products thereof or with respect to any other property or assets
hereafter acquired by any Loan Party which may be deemed to be part of the Collateral) pursuant hereto or thereto other than any Excluded Assets. 

  
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 (b)       At the request of the Required
Lenders from time to time when either (i) an Event of Default shall have occurred and be continuing or (ii) the Required Lenders have a reasonable belief that the Loan Parties have failed to comply in all material respects with applicable
Environmental Laws, provide to the Lenders within 60 days after such request, at the expense of the Borrowers, an environmental site assessment report for any Mortgaged Property, prepared by an environmental consulting firm reasonably acceptable to
the Collateral Agent, indicating the presence or absence of Hazardous Materials and the estimated cost of any compliance, response or other corrective action to address any Hazardous Materials on such properties; without limiting the generality of
the foregoing, if the Collateral Agent determines at any time that a material risk exists that any such report will not be provided within the time referred to above, the Collateral Agent may retain an environmental consulting firm to prepare such
report at the expense of the Borrowers, and the Borrowers hereby grant and agree to cause any Restricted Subsidiary that owns or leases the Mortgaged Property described in such request to grant at the time of such request to the Collateral Agent,
the Administrative Agents, the Lenders, such firm and any agents or representatives thereof an irrevocable non-exclusive license, subject to the rights of tenants or necessary consent of landlords, to enter
onto their respective properties to undertake such an assessment. 
 (c)       At the
Collateral Agent’s election from time to time, the Collateral Agent may obtain (at the sole cost and expense of the Borrowers unless requested more frequently than once in any Appraisal Period), an appraisal for each Mortgaged Property
providing a fair assessment of the fair market value of such Mortgaged Property, prepared by an independent, third-party appraiser holding an MAI designation and who is state licensed or state certified if required by the laws of the state where
such Mortgaged Property is located, reasonably acceptable to the Collateral Agent as to form, assumptions, substance, and appraisal date, and prepared in accordance with the requirements of FIRREA and all other applicable Laws. 

For the avoidance of doubt, and without limitation, Section 5.11 shall apply to any division of a Loan Party and to
any division of a Group Member required to become a Loan Party pursuant to the terms of the Loan Documents and to any allocation of assets to a series of a limited liability company. 

5.12         Maintenance of Ratings. At all times, use commercially reasonable
efforts to maintain a public corporate credit rating from S&P and a public corporate family rating from Moody’s, in each case with respect to Parent, and use commercially reasonable efforts to cause each of Term Loan A Facility and Term
Loan B Facility to be continuously rated by S&P and Moody’s (it being understood that, in each case, there shall be no obligation to maintain specific ratings from either S&P or Moody’s). 

5.13         Designation of Subsidiaries. (a) The Board of Directors of
Parent may at any time designate any Restricted Subsidiary (other than any such Restricted Subsidiary that is a Borrower or the direct parent company of such Borrower) as an Unrestricted Subsidiary or any Unrestricted Subsidiary as a Restricted
Subsidiary by written notice to the Administrative Agents; provided, that (i) immediately before and after such designation, (x) no Event of Default shall have occurred and be continuing or would result therefrom and (y) the
Borrowers shall be in compliance, on a Pro Forma Basis, with the Financial Maintenance Covenant, (ii) no Restricted Subsidiary may be 

  
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designated as an Unrestricted Subsidiary if after such designation it would be a “restricted subsidiary” for the purpose of any other Material Debt, (iii) no Restricted Subsidiary
may be designated as an Unrestricted Subsidiary if it was previously designated as an Unrestricted Subsidiary and then redesignated as a Restricted Subsidiary, and (iv) no Restricted Subsidiary may be designated as an Unrestricted Subsidiary if
it is an IP Holding Company. 
 (b)       The designation of any Subsidiary as an
Unrestricted Subsidiary shall constitute an Investment by Parent therein at the date of designation in an amount equal to the fair market value of Parent’s Investment therein as determined in good faith by Parent and the Investment resulting
from such designation must otherwise be in compliance with Section 6.7 (as determined at the time of such designation). The designation of any Unrestricted Subsidiary as a Restricted Subsidiary shall constitute the incurrence at the time of
designation of any Indebtedness or Liens of such Subsidiary existing at such time and a return on any Investment by Parent in such Unrestricted Subsidiary; provided, that (i) solely for the purpose of calculating the outstanding amounts
of Investments under Section 6.7 made in respect of any Unrestricted Subsidiary being redesignated as a Restricted Subsidiary, upon such redesignation Parent shall be deemed to continue to have an outstanding Investment in such Subsidiary in an
amount (if positive) equal to (a) Parent’s Investment in such Subsidiary at the time of such redesignation less (b) the fair market value of the net assets of such Subsidiary at the time of such redesignation attributable to
Parent’s ownership of such Subsidiary and (ii) solely for purposes of Section 5.9(c) and the Collateral Documents, any Unrestricted Subsidiary designated as a Restricted Subsidiary shall be deemed to have been acquired on the date of
such designation. Any property transferred to or from an Unrestricted Subsidiary shall be valued at its fair market value at the time of such transfer, in each case as determined in good faith by Parent. 

5.14         Guarantor Coverage Test. Ensure that within 60 days (or such later
date as may be agreed by the Term Loan Administrative Agents in their sole discretion) of the delivery of any Compliance Certificate to the Administrative Agents pursuant to Section 5.2(a), 

(a)       the aggregate (without duplication) Loan Party Consolidated EBITDA for the most
recently ended four fiscal quarter period attributable to the Loan Parties as a group is no less than 80.0% of the Consolidated EBITDA of Parent and its Restricted Subsidiaries on a consolidated basis for such four fiscal quarter period; and 

(b)       the aggregate (without duplication) Loan Party Assets of the Loan Parties as a group
as of the last day of the most recently ended fiscal quarter is no less than 80.0% of total assets of Parent and its Restricted Subsidiaries on a consolidated basis as of the last day of such fiscal quarter; 

provided that, for the purposes of determining compliance with this Section 5.14: (w) the Consolidated EBITDA and total assets of
any Restricted Subsidiary of Parent which is an Excluded Subsidiary shall be excluded in calculating the Consolidated EBITDA and the consolidated total assets of Parent and its Restricted Subsidiaries; (x) the Consolidated EBITDA and total
assets of any Restricted Subsidiary of Parent which is not a Loan Party shall be excluded in calculating the Loan Party Consolidated EBITDA and the Loan Party Assets to the extent included therein; (y) Consolidated EBITDA, Loan Party
Consolidated EBITDA, Loan Party Assets and the 

  
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consolidated total assets of Parent and its Restricted Subsidiaries shall be determined without giving effect to any write-off of any intercompany
receivables due from, or equity value attributable to, Herbalife Venezuela; and (z) the Consolidated EBITDA and the consolidated total assets of Parent and its Restricted Subsidiaries shall be calculated by giving pro forma effect to any such
purchase or acquisition of the capital stock or other equity securities of another Person or the assets of another Person that constitute a business unit or all or substantially all of the business of such Person as though such purchase or
acquisition had been consummated as of the first day of the applicable fiscal period; and provided, further that Restricted Subsidiaries may be excluded from the requirements of this Section 5.14 in circumstances where the Borrowers and the
Administrative Agents reasonably agree that the cost of providing such a guarantee is excessive in relation to the value afforded thereby. Additionally, it is agreed and understood that any Loan Party that is not a guarantor of all of the
Obligations under the Loan Documents shall be excluded for the purposes of this Section 5.14 in determining any Loan Party Consolidated EBITDA and/or any Loan Party Assets. 

5.15     Post-Closing Matters. As promptly as reasonably practicable, and in any event within the
time periods specified on Schedule 5.15 (or such longer period as the Term Loan Administrative Agents may agree), after the Closing Date, complete, or cause the applicable Loan Party to complete, such undertakings and deliveries, in each case,
as are set forth on Schedule 5.15. 
 SECTION 6. NEGATIVE COVENANTS 

Parent and each other Borrower hereby jointly and severally agree that, so long as any Commitments remain in effect or any
Loan or other amount (excluding Obligations in respect of any Specified Hedge Agreements, Cash Management Obligations and contingent reimbursement and indemnification obligations, in each case, that are not then due and payable) is owing to any
Lender, any Agent or the Arrangers hereunder, each Borrower shall not, and Parent shall not and shall not permit any of the Restricted Subsidiaries to: 

6.1       [Reserved]. 

6.2       Limitation on Indebtedness. Directly or indirectly, create, incur, assume,
guaranty or suffer to exist any Indebtedness or otherwise become or remain directly or indirectly liable with respect to any Indebtedness, except: 

(a)       Indebtedness pursuant to any Loan Document (including Indebtedness under any
Incremental Facility, Replacement Facility and Extended Term Loans); 
 (b)      
intercompany Indebtedness; provided, that (i) any such Indebtedness owed by any Loan Party to a Subsidiary that is not a Loan Party shall be subordinated in right of payment to the Obligations on customary terms reasonably acceptable to the
Collateral Agent and (ii) Indebtedness of any Restricted Subsidiary that is not a Loan Party owing to the Loan Parties incurred pursuant to this Section 6.2(b) shall be subject to Section 6.7; 

(c)        Indebtedness consisting of (A) (i) Capital Lease Obligations or
(ii) purchase money obligations (including obligations in respect of mortgage, industrial 

  
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revenue bond, industrial development bond and similar financings) to finance or refinance (within 270 days of the acquisition or replacement or completion of construction, installation, repair or
improvement of such fixed or capital assets, as applicable) the acquisition, replacement, construction, installation, repair or improvement of fixed or capital assets within the limitations set forth in Section 6.3(g), including in connection
with any Sale and Leaseback Transaction or (B) any Refinancing Indebtedness in respect thereof; provided, however, that the aggregate amount of all such Indebtedness at any one time outstanding shall not exceed the greater
of $175.0 million and 7.0% of Consolidated Total Assets; 
 (d)       Indebtedness
outstanding on the date hereof and listed on Schedule 6.2(d); provided, that any such Indebtedness owed by any Loan Party to a Subsidiary that is not a Loan Party shall be subordinated in right of payment to the Obligations on customary
terms reasonably acceptable to the Collateral Agent; 
 (e)       Guarantee Obligations,
letters of credit, indemnities (including through cash collateralization), surety bonds, performance bonds and similar obligations (i) made in the ordinary course of business by any Group Member of obligations (other than in respect of
Indebtedness for borrowed money) of (v) Parent, (w) any other Borrower, (x) any other Restricted Subsidiaries, (y) any special purpose entities in connection with any construction or development projects relating to the business of
the Group Members or (z) any joint venture of any Group Member, (ii) of any Group Member in respect of Indebtedness otherwise permitted to be incurred by any such Group Member, as the case may be, under this Section 6.2 (other than
Section 6.2(d)), and (iii) of any Group Member in respect of Indebtedness of any Unrestricted Subsidiary or joint venture; provided, that (A) in the case of clause (ii), (x) if the Indebtedness being guaranteed is
subordinated to the Obligations, then such guarantee shall be subordinated to the Obligations on terms at least as favorable to the Lenders as those contained in the subordination provisions of such Indebtedness, and (y) no Guarantee
Obligation, letter of credit, indemnity (including through cash collateralization), surety bond, performance bond or similar obligation by any Restricted Subsidiary in respect of any Indebtedness of any Loan Party shall be permitted pursuant to such
clause unless such Restricted Subsidiary is or shall become a Subsidiary Guarantor, (B) in the case of clauses (ii) and (iii), any such Guarantee Obligation, letter of credit, indemnity (including through cash collateralization), surety
bond, performance bond or similar obligation of a Loan Party in respect of Indebtedness of a Subsidiary or other Person that is not a Loan Party shall be a permitted Investment in such Person pursuant to Section 6.7, and (C) in the case of
clause (i)(z) above, the aggregate principal or face amount of all obligations at any one time outstanding shall not exceed the greater of $50.0 million and 2.0% of Consolidated Total Assets at the time such guarantee is made; 

(f)       any Indebtedness that is unsecured to the extent that the Fixed Charge Coverage
Ratio, determined on a Pro Forma basis, shall be at least 2.00:1.00; provided, that the aggregate principal amount of Indebtedness at any one time outstanding pursuant to this clause (f) in respect of which any obligor is a Non-Loan Party Subsidiary shall not exceed the greater of $100.0 million and 4.0% of Consolidated EBITDA for the Relevant Reference Period at the time of incurrence thereof; 

  
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 (g)      Indebtedness of any Group Member or
of any Person that becomes a Restricted Subsidiary, in each case to the extent assumed in connection with a Permitted Acquisition or other acquisition permitted under Section 6.7 so long as the Total Net Leverage Ratio, determined on a Pro
Forma Basis (provided, that the Total Net Leverage Ratio shall be determined without netting the proceeds from the incurrence of such Indebtedness (it being understood, for the avoidance of doubt, that such proceeds, to the extent
constituting cash or Cash Equivalents, may be netted for subsequent determinations of the Total Net Leverage Ratio)), does not exceed 3.00:1.00 at the time of incurrence thereof; provided, that such Indebtedness exists at the time the
acquired Person becomes a Restricted Subsidiary or such asset is acquired and is not created in contemplation of or in connection with such Person becoming a Restricted Subsidiary or such asset being acquired; 

(h)      [reserved]; 

(i)       Indebtedness consisting of promissory notes issued by any Loan Party or other
Restricted Subsidiary to current or former officers, directors, managers, consultants and employees, or their respective estates, executors, administrators, heirs, legatees, distributees, spouses or former spouses, to finance the purchase or
redemption of Capital Stock of Parent (or any direct or indirect parent thereof) to the extent permitted by Section 6.6(b)(i); 

(j)       Indebtedness in respect of Cash Management Obligations, in each case in the ordinary
course of business or consistent with past practice, and Indebtedness arising from the endorsement of instruments or other payment items for deposit and the honoring by a bank or other financial institution of instruments or other payments items
drawn against insufficient funds; 
 (k)       to the extent constituting Indebtedness,
indemnification, deferred purchase price adjustments, earn-outs or similar obligations, in each case, incurred or assumed in connection with the acquisition or disposition of any business or assets or any Investment permitted to be acquired or made
hereunder; 
 (l)        Indebtedness of Foreign Subsidiaries in an aggregate principal
amount (for all Foreign Subsidiaries) not to exceed at any time the greater of (A) $75.0 million and (B) 3.0% of Consolidated Total Assets at the time of incurrence thereof; 

(m)      (A) Indebtedness consisting of the financing of insurance premiums in the ordinary course
of business or consistent with past practice and (B) take-or-pay obligations contained in supply arrangements, in each case, in the ordinary course of business or
consistent with past practice; 
 (n)       Indebtedness in respect of Specified Hedge
Agreements entered into not for speculative purposes; 
 (o)       additional Indebtedness in
an aggregate principal amount not to exceed at any time the greater of (A) $100.0 million and (B) 4.0% of Consolidated Total Assets at the time of incurrence thereof; 

  
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 (p)       (i) Permitted Term Loan Refinancing
Indebtedness, (ii) Incremental Equivalent Debt, (iii) any Refinancing Indebtedness in respect of clauses (p)(i) or (ii) and (iv) Guarantee Obligations by the Guarantors in respect of each of clauses (p)(i) or (ii); 

(q)       Indebtedness representing deferred compensation or similar obligations to employees
of Parent and its Subsidiaries incurred in the ordinary course of business or consistent with past practice; 
 (r)
      Indebtedness consisting of obligations of the Group Members under deferred compensation or other similar arrangements with employees incurred by such Person in connection with Permitted Acquisitions or any other
Investments permitted under Section 6.7 constituting acquisitions of Persons or businesses or divisions; 
 (s)
      Indebtedness in respect of letters of credit, surety bonds, bank guarantees, bankers’ acceptances or similar instruments issued or created in the ordinary course of business or consistent with past practice
in respect of workers compensation claims, health, disability or other employee benefits or property, casualty or liability insurance or self-insurance or other Indebtedness with respect to reimbursement-type obligations regarding workers
compensation claims; provided, that upon the drawing of such letter of credit or the incurrence of such Indebtedness, such obligations are reimbursed within 45 days (or such longer period as may be agreed upon by the Term Loan Administrative
Agents) unless the amount or validity of such obligations are being contested in good faith by appropriate proceedings and with respect to which reserves in conformity with GAAP have been provided on the books of Parent or the Restricted
Subsidiaries, as the case may be; 
 (t)       Indebtedness in respect of self-insurance
obligations, statutory obligations, supply chain financing transactions, statutory obligations, trade contracts, governmental contracts (other than for borrowed money), performance, tender, bid, release, stay, customs, appeal, surety, documentary
letters of credit, performance and/or return of money bonds, completion guarantees, leases and similar obligations provided by or obtained by any Group Member, in each case in the ordinary course of business or consistent with past practice, and
Guarantee Obligations, letters of credit, indemnities (including through cash collateralization), surety bonds (including any Surety Bonds), performance bonds and similar instruments supporting such obligations; 

(u)       [reserved]; 

(v)       Refinancing Indebtedness in respect of Indebtedness permitted by Section 6.2(d),
(f), (g), (l), (o), (w), (y) or (z) (it being understood and agreed that to the extent that any Indebtedness incurred under Section 6.2(f), (g), (l), (o), (w), (y) or (z) is refinanced with Refinancing Indebtedness under this
clause (v), then the aggregate outstanding principal amount of such Refinancing Indebtedness shall also be deemed to utilize the related basket under the applicable clause of this Section 6.2 on a dollar-for-dollar basis (it being further understood that a Default shall be deemed not to have occurred solely to the extent that the incurrence of Refinancing Indebtedness would cause the permitted amount
under such clause of this Section 6.2 to be exceeded and such excess shall be permitted hereunder)); 

  
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 (w)       Senior Notes in a principal
amount not to exceed $400.0 million; 
 (x)        [reserved]; 

(y)        additional Indebtedness in an amount not to exceed the amount of capital
contributions made to Parent, or the amount of proceeds from the issuance of Qualified Capital Stock issued by Parent, in each case after the Closing Date (so long as such capital contributions or proceeds from the issuance of Qualified Capital
Stock are not included in the calculation of the Available Basket or as a Cure Amount); 
 (z)
       Indebtedness under the Convertible Notes, in an amount not to exceed $674,995,000 in the case of the 2014 Convertible Notes and $550.0 million in the case of the 2018 Convertible Notes; 

(aa)      Indebtedness constituting Attributable Indebtedness, to the extent the underlying
Sale and Leaseback Transaction giving rise to such Attributable Indebtedness is permitted under Section 6.10; and 

(bb)      to the extent constituting Indebtedness, all premiums (if any), interest (including
post-petition interest), fees, expenses, charges and additional or contingent interest on obligations described in Section 6.2(a) through (aa) above; 

provided, that to the extent any Indebtedness incurred in reliance on clause (c), (e), (f), (g), (l), (o), (p) or
(y) of this Section 6.2 is used to finance, in whole or in part, any Limited Conditionality Incremental Transaction, then for purposes of determining compliance under such clause, the applicable Borrowers shall have the option of making
such determination as of the date the definitive documentation for such Limited Conditionality Incremental Transaction is executed or the redemption or prepayment notice is given, and the applicable financial ratios or tests and any other Pro Forma
Transactions in connection therewith shall thereafter be calculated and determined as if such Limited Conditionality Incremental Transaction were consummated on such date until consummated or terminated; provided, further, that if the
applicable Borrowers elect to have such determinations occur as of the date of such definitive agreement or redemption or prepayment notice, any related incurrence of Indebtedness or Liens shall be deemed to have occurred on such date and
outstanding thereafter for purposes of subsequently calculating any ratios under this Agreement after such date and before the consummation of such Limited Conditionality Incremental Transaction and to the extent baskets were utilized in satisfying
any covenants, such baskets shall be deemed utilized, but any calculation of Consolidated EBITDA or Consolidated Total Assets for purposes of other incurrences of Indebtedness or Liens or determining the permissibility of other transactions (not
related to such Limited Conditional Incremental Transaction) shall not reflect such Limited Conditionality Incremental Transaction until it is consummated or terminated. 

For purposes of determining compliance with any US Dollar-denominated restriction on the incurrence or refinancing of
Indebtedness, the US Dollar Equivalent principal amount of Indebtedness denominated in a Foreign Currency shall be calculated based on the relevant currency Exchange Rate in effect on the date such Indebtedness was incurred or refinanced, in
the case of 

  
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term debt, or first committed or refinanced, in the case of revolving credit debt; provided, that if such Indebtedness is incurred to extend, replace, refund, refinance, renew or defease
other Indebtedness denominated in a Foreign Currency, and such extension, replacement, refunding, refinancing, renewal or defeasance would cause the applicable US Dollar-denominated restriction to be exceeded if calculated at the relevant currency
Exchange Rate in effect on the date of such extension, replacement, refunding, refinancing, renewal or defeasance, such US Dollar-denominated restriction shall be deemed not to have been exceeded so long as the principal amount of such refinancing
Indebtedness does not exceed the principal amount of such Indebtedness being extended, replaced, refunded, refinanced, renewed or defeased, plus the aggregate amount of fees, underwriting discounts, premiums and other costs and expenses incurred in
connection with such refinancing. 
 To the extent otherwise constituting Indebtedness, the accrual of interest, the
accretion of accreted value and the payment of interest in the form of additional Indebtedness shall be deemed not to be Indebtedness for purposes of this Section 6.2. The principal amount of any
non-interest bearing Indebtedness or other discount security constituting Indebtedness at any date shall be the accreted amount thereof. 

6.3     Limitation on Liens. Create, incur, assume or suffer to exist any Lien upon any of its
Property, whether now owned or hereafter acquired, except for: 
 (a)       Liens for taxes,
assessments or governmental charges or levies, or other statutory obligations, not at the time delinquent or that are being contested in good faith by appropriate proceedings (provided, that adequate reserves with respect to such proceedings are
maintained on the books of Parent or the applicable Restricted Subsidiary, as the case may be, in conformity with GAAP); 

(b)       (i) carriers’, warehousemen’s, landlords’, mechanics’,
contractors’, materialmen’s, repairmen’s or other like Liens imposed by law or arising in the ordinary course of business or consistent with past practice which secure amounts that are not overdue for a period of more than 60 days or
if more than 60 days overdue, are unfiled and no action has been taken to enforce such Lien, or that are being contested in good faith by appropriate proceedings (provided, that adequate reserves with respect to such proceedings are
maintained on the books of the Group Members in conformity with GAAP), (ii) Liens of customs and revenue authorities to secure payment of customs duties in connection with the importation of goods in the ordinary course of business or consistent
with past practice and (iii) Liens on specific items of inventory or other goods and proceeds thereof of any Person securing such Person’s obligations in respect of bankers’ acceptances or letters of credit issued or created for the
account of such Person to facilitate the purchase, shipment or storage of such inventory or such other goods in the ordinary course of business or consistent with past practice; 

(c)       (i) pledges or deposits in the ordinary course of business or consistent with past
practice in connection with workers’ compensation, unemployment insurance and other social security legislation and (ii) pledges and deposits in the ordinary course of business or consistent with past practice securing liability for
reimbursement or indemnification obligations of (including obligations in respect of letters of credit, surety bonds, performance 

  
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bonds or bank guarantees for the benefit of) insurance carriers providing property, casualty or liability insurance to any Group Member; 

(d)       Liens incurred in connection with, or deposits by or on behalf of any Group Member to
secure, the performance of self-insurance obligations (solely in the case of such self-insurance obligations, if and to the extent required by applicable Requirements of Law), supply chain financing arrangements, bids, trade contracts and
governmental contracts (other than Indebtedness for borrowed money), leases, statutory obligations, surety, stay, customs and appeal bonds, performance and/or return of money bonds, completion guarantees and other obligations of a like nature
(including those to secure health and safety or environmental obligations) incurred in the ordinary course of business or consistent with past practice and Guarantee Obligations, letters of credit, indemnities (including through cash
collateralization), surety bonds (including any Surety Bonds), performance bonds and similar instruments supporting such obligations; 

(e)       easements,
rights-of-way, covenants, conditions and restrictions, trackage rights, restrictions (including zoning restrictions or similar rights reserved to or vested in any
Governmental Authority to control or regulate the use of any real property), encroachments, protrusions and other similar encumbrances and title defects incurred in the ordinary course of business or consistent with past practice that, in the
aggregate, do not materially detract from the value of the Property subject thereto or materially interfere with the ordinary conduct of the business of the Group Members taken as a whole; provided, that none of the foregoing secures Indebtedness
for borrowed money; 
 (f)       Liens (i) in existence on the date hereof (or, for
title insurance policies issued in accordance with Section 5.9, on the date of such policies, including if disclosed on such title policies) and either (x) listed on Schedule 6.3(f), in the case of Liens in existence on the date
hereof, (y) disclosed on any title insurance policies obtained on Mortgaged Properties in connection with Mortgages executed and delivered after the date hereof or (z) that would be disclosed by an updated title report for any real
property and (ii) any replacement, renewal or extension of any such Lien permitted under subclause (i) of this clause (f); provided, that (I) such replaced, renewed or extended Lien does not extend to any additional
property other than (A) after-acquired property that is affixed or incorporated into the property covered by such Lien or financed by Indebtedness permitted under Section 6.2(c), and (B) proceeds and products thereof, and
(II) the replacement, renewal or extension of the obligations secured or benefited by such Liens is permitted by Section 6.2; 

(g)       Liens securing Indebtedness incurred pursuant to Section 6.2(c) (and related
obligations, including Capital Lease Obligations); provided, that (i) such Liens (other than Liens securing Indebtedness that is Permitted Refinancing of Indebtedness originally incurred under Section 6.2(c)) shall be created within
270 days of the acquisition or replacement or completion of construction, installation, repair or improvement or refinancing of such fixed or capital assets, as applicable, (ii) such Liens do not at any time encumber any Property other than the
Property acquired, constructed, installed, repaired, improved or financed by such Indebtedness when such Indebtedness was originally incurred, and the proceeds and products of and accessions to such Property, and (iii) the principal amount of
Indebtedness initially 

  
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secured thereby is not more than 100% of the purchase price or cost of construction, installation, repair or improvement of such fixed or capital asset; provided, further, that, in
each case, individual financings of equipment and other assets provided by one lender or lessor may be cross collateralized to other outstanding financings of equipment and other assets provided by such lender or lessor; 

(h)       Liens created pursuant to the Loan Documents (including Liens securing any
Incremental Facility, Replacement Facility or Extended Term Loans); 
 (i)        any
interest or title of a lessor or sublessor under any lease or sublease or real property license or sub-license entered into by any Group Member in the ordinary course of its business and covering only the
assets so leased, subleased, licensed or sub-licensed; 
 (j)
       Liens in connection with attachments or judgments or orders in circumstances not constituting an Event of Default under Section 7.1(h) 

(k)       Liens existing on property at the time of its acquisition or existing on the property
of a Person that becomes a Restricted Subsidiary of Parent after the date hereof (including any replacements, renewals or extensions thereof); provided, that (i) any Indebtedness secured thereby is permitted by Section 6.2(g) or is
Refinancing Indebtedness in respect thereof and (ii) such Liens cover solely the Property so acquired (solely to the extent not incurred in contemplation of such acquisition) or the Property of the Person that became a Restricted Subsidiary and
are not expanded to cover additional Property (other than proceeds and products thereof and accessions thereto); 
 (l)
       Liens securing (x) obligations arising under any Specified Hedge Agreements entered into not for speculative purposes or (y) Cash Management Obligations in the ordinary course of business or
consistent with past practice; 
 (m)      Liens on insurance policies and the proceeds thereof
securing insurance premium financing permitted hereunder; 
 (n)       Liens arising out of
conditional sale, title retention, consignment or similar arrangements for the sale of goods entered into by any Group Member in the ordinary course of business or consistent with past practice; 

(o)       (i) Liens of a collection bank arising under
Section 4-208 of the Uniform Commercial Code on the items in the course of collection, (ii) Liens attaching to commodity trading accounts or other commodities brokerage accounts incurred in the
ordinary course of business or consistent with past practice and not for speculative purposes and (iii) bankers’ Liens, rights of setoff and other similar Liens existing solely with respect to accounts and cash and Cash Equivalents on
deposit in accounts maintained by any Group Member (including any restriction on the use of such cash and Cash Equivalents or investment property), in each case under this clause (iii) granted in the ordinary course of business or consistent
with past practice in favor of the banks or other financial or depositary institution with which such accounts are maintained, securing amounts owing to such Person with respect to Cash Management Services

  
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(including operating account arrangements and those involving pooled accounts and netting arrangements); provided, that, in the case of this clause (iii), unless such Liens arise by
operation of applicable law, in no case shall any such Liens secure (either directly or indirectly) any Indebtedness for borrowed money; 

(p)       Licenses and sublicenses of Intellectual Property granted by any Group Member in the
ordinary course of business or consistent with past practice; 
 (q)       UCC financing
statements, PPSA financing statements or similar public filings that are filed as a precautionary measure in connection with operating leases or consignment of goods in the ordinary course of business or consistent with past practice; 

(r)        Liens on property rented to, or leased by, any Group Member pursuant to a Sale
and Leaseback Transaction; provided, that (i) such Sale and Leaseback Transaction is permitted by Section 6.10, (ii) such Liens do not encumber any other property of Parent or the Restricted Subsidiaries and the proceeds and
products of and accessions to such property, and (iii) such Liens secure only the Attributable Indebtedness incurred in connection with such Sale and Leaseback Transaction; 

(s)        Liens on (i) the assets of
Non-Loan Party Subsidiaries that secure Indebtedness or other obligations of such Non-Loan Party Subsidiaries permitted under Section 6.2 or (ii) so long as
they do not constitute Collateral, the Capital Stock of Non-Loan Party Subsidiaries or joint ventures, securing Indebtedness of such Non-Loan Party Subsidiaries or joint
ventures permitted under Section 6.2 (and related obligations); 
 (t)        Liens
on the Collateral securing obligations in respect of Permitted Pari Passu Secured Refinancing Debt, Permitted Junior Secured Refinancing Debt, or any secured Incremental Equivalent Debt, and any Permitted Refinancing of, and any Guarantee
Obligations by the Guarantors in respect of any of the foregoing; provided, that a Senior Representative acting on behalf of the holders of any such Indebtedness shall become subject to the provisions of a Senior Pari Passu Intercreditor
Agreement, a Senior/Junior Intercreditor Agreement or other intercreditor arrangements reasonably acceptable to the Collateral Agent, as applicable; 

(u)       good faith earnest money deposits made in connection with a Permitted Acquisition or
any other Investment (other than Investments under Section 6.7(q)) or letter of intent or purchase agreement permitted hereunder; 

(v)       Liens not otherwise permitted by this Section 6.3 so long as the aggregate
amount of obligations secured thereby does not exceed the greater of $75.0 million and 3.0% of Consolidated Total Assets at the time of incurrence thereof, provided that Liens permitted pursuant to this clause (v) may not be
pari passu Liens on Collateral; 
 (w)       Liens securing Refinancing
Indebtedness permitted by Section 6.2(v) (and related obligations) if such Liens are permitted to secure such Indebtedness in accordance with the definition of “Refinancing Indebtedness”; 

  
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 (x)       Liens in favor of Parent, any other
Borrower or any Subsidiary Guarantor securing intercompany Indebtedness permitted hereunder; 
 (y)
      Liens (i) on cash advances or deposits in favor of the seller of any property to be acquired in a Permitted Acquisition or an Investment permitted pursuant to Section 6.7 to be applied against the
purchase price for such Investment or (ii) consisting of an agreement to Dispose of any property in a Disposition permitted under Section 6.5, in each case, solely to the extent such Investment or Disposition, as the case may be, would
have been permitted on the date of the creation of such Lien; 
 (z)       (i) Liens deemed
to exist in connection with Investments in repurchase agreements under Section 6.7; provided, that such Liens do not extend to any assets other than those assets that are the subject of such repurchase agreement, and (ii) reasonable
customary initial deposits and margin deposits and similar Liens attaching to brokerage accounts maintained in the ordinary course of business or consistent with past practice and not for speculative purposes; 

(aa)      Liens that are customary contractual rights of setoff relating to purchase orders and
other agreements entered into with customers of any Group Member in the ordinary course of business or consistent with past practice; 

(bb)      Liens securing obligations (other than obligations representing Indebtedness for borrowed
money) under operating, reciprocal easement or similar agreements entered into in the ordinary course of business or consistent with past practice of the Group Members; 

(cc)      ground leases in respect of real property on which facilities owned or leased by any Group
Member are located; 
 (dd)      Liens on margin stock; 

(ee)      Liens securing obligations in respect of trade-related letters of credit permitted under
Section 6.2 and incurred in the ordinary course of business or consistent with past practice of the Group Members and covering the goods (or the documents of title in respect of such goods) financed by such letters of credit and the proceeds
and products thereof; and 
 (ff)      so long as no Event of Default shall have occurred and be
continuing, other Liens securing Indebtedness secured on a pari passu basis or junior basis with the Liens securing the Term Loan A Facility, the Term Loan B Facility and the Revolving Credit Facility, the First Lien Net Leverage Ratio does not
exceed 1.50:1.00, determined on a Pro Forma Basis (after giving effect to any Pro Forma Transaction, including any acquisition consummated with the proceeds of such Indebtedness); provided, that (x) any junior lien Indebtedness incurred
in reliance of this Section 6.3(ff) shall be deemed ranking pari passu in priority of security to the Obligations in respect of the Facilities at all times for the purpose of the calculation of the First Lien Net Leverage Ratio and
(y) when calculating the First Lien Net Leverage Ratio for purposes hereof, the First Lien Net Leverage Ratio shall be determined without netting the 

  
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proceeds from the incurrence of the Indebtedness secured by such Liens (it being understood, for the avoidance of doubt, that such proceeds, to the extent constituting cash or Cash Equivalents,
may be netted for subsequent determinations of the First Lien Net Leverage Ratio); provided, further, that (x) a Senior Representative acting on behalf of the holders of the Indebtedness secured by such Liens shall become subject
to the provisions of a Senior Pari Passu Intercreditor Agreement, a Senior/Junior Intercreditor Agreement or other intercreditor arrangements reasonably acceptable to the Collateral Agent, (y) such relevant Indebtedness must otherwise satisfy
the requirements with respect to the incurrence of any Incremental Facility (other than with respect to any “most favored nations” pricing provisions unless such Indebtedness is secured on a pari passu basis with the Obligations), and
(z) the incurrence of any Indebtedness secured by Liens pursuant to this clause (ff), regardless of the date of such incurrence, shall be subject to the satisfaction of the conditions set forth in clauses (d)(ii), (d)(iii) and (d)(iv)
of Section 2.23 in the same manner as if such Indebtedness were Incremental Equivalent Debt. 
 provided, that
to the extent any Liens incurred in reliance on clause (t), (v) or (ff) of this Section 6.3 are used, in whole or in part, as part of any Limited Conditionality Incremental Transaction, then for purposes of determining compliance under
such clause, the applicable Borrowers shall have the option of making such determination as of the date the definitive documentation for such Limited Conditionality Incremental Transaction is executed or the redemption or prepayment notice is given,
and the applicable financial ratios or tests and any other Pro Forma Transactions in connection therewith shall thereafter be calculated and determined as if such Limited Conditionality Incremental Transaction were consummated on such date until
consummated or terminated; provided, further, that if the applicable Borrowers elects to have such determinations occur as of the date of such definitive agreement or redemption or prepayment notice, any related incurrence of
Indebtedness or Liens shall be deemed to have occurred on such date and outstanding thereafter for purposes of subsequently calculating any ratios under this Agreement after such date and before the consummation of such Limited Conditionality
Incremental Transaction and to the extent baskets were utilized in satisfying any covenants, such baskets shall be deemed utilized, but any calculation of Consolidated EBITDA or Consolidated Total Assets for purposes of other incurrences of
Indebtedness or Liens or determining the permissibility of other transactions (not related to such Limited Conditional Incremental Transaction) shall not reflect such Limited Conditionality Incremental Transaction until it is consummated or
terminated. 
 6.4     Limitation on Fundamental Changes. Consummate any merger (including by
division), consolidation or amalgamation, or liquidate, wind up or dissolve itself, or Dispose of all or substantially all of its Property or business (including by allocation of assets to a series of a limited liability company), except that: 

(a)       so long as no Event of Default has occurred and is continuing, (x) any merger,
consolidation or amalgamation or other transaction the sole purpose of which is to (i) reincorporate or reorganize any Borrower or any other Group Member in any State of the United States or (ii) change the form of entity shall be
permitted and (y) any Group Member may be merged, consolidated or amalgamated with or into any other Group Member; provided, that, in each case of clauses (x) and (y), (A) in the case of any merger, consolidation or

  
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amalgamation involving any Borrower, such Borrower (or another Borrower) shall be the continuing, surviving or resulting entity and the Capital Stock of such Borrower shall remain Pledged Equity
Interests and (B) in the case of any merger, consolidation or amalgamation involving one or more Subsidiary Guarantors (and not any Borrower), a Subsidiary Guarantor shall be the continuing, surviving or resulting entity or substantially
simultaneously with such transaction, the continuing, surviving or resulting entity shall become a Subsidiary Guarantor and the Borrowers shall comply with Section 5.9 in connection therewith; 

(b)       any Restricted Subsidiary of Parent (other than any Borrower) may Dispose of all or
substantially all of its Property or business, including by way of a merger, amalgamation, dissolution, liquidation or consolidation, (i) to Parent, any other Borrower or any Subsidiary Guarantor or (ii) pursuant to a Disposition permitted
by Section 6.5; 
 (c)       any Non-Loan Party
Subsidiary may Dispose of all or substantially all of its assets to any other Non-Loan Party Subsidiary; 

(d)       any merger, consolidation or amalgamation that is contemplated by, and occurs
substantially simultaneously with, the Transactions shall be permitted; 
 (e)       any
Investment permitted by Section 6.7 may be structured as a merger, consolidation or amalgamation; provided, that in the case of any such merger, consolidation or amalgamation of a Loan Party, the surviving, continuing or resulting legal
entity of such merger, consolidation or amalgamation is a Loan Party (or substantially simultaneously with such transaction, the continuing, surviving or resulting entity shall become a Loan Party) and each Borrower shall comply with
Section 5.9 in connection therewith; 
 (f)       (i) any Restricted Subsidiary of
Parent (other than any Borrower and any Excluded Subsidiary) may dissolve, liquidate or wind up its affairs at any time if Parent determines in good faith that such dissolution, liquidation or winding up is in the best interest of the Group Members,
and not materially disadvantageous to the Lenders (as determined in good faith by Parent) (provided, that in the case of any dissolution, liquidation or winding up of a Restricted Subsidiary that is a Subsidiary Guarantor, such Subsidiary
shall at or before the time of such dissolution, liquidation or winding up transfer its assets to Parent, any other Borrower or another Subsidiary Guarantor unless such Disposition of assets is permitted by Section 6.5), and (ii) any
Excluded Subsidiary of Parent may dissolve, liquidate or wind up its affairs at any time if such dissolution, liquidation or winding up would not have or reasonably be expected to have a Material Adverse Effect (as determined in good faith by
Parent); 
 (g)       so long as no Default exists or would result therefrom and such
transaction does not constitute a Change of Control hereunder, Parent may merge or consolidate with any other Person; provided, that (A) Parent shall be the continuing or surviving Person or (B) if the Person formed by or surviving
any such merger or consolidation is not Parent or is a Person into which Parent has been liquidated (any such Person, “Successor Parent”), (A) Successor Parent shall be an entity organized or existing under the laws of the United
States or any State or other political subdivision thereof, (B) Successor Parent shall expressly assume all the obligations of Parent under this Agreement and the other Loan Documents to which Parent

  
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is a party pursuant to a supplement hereto or thereto and (C) the Borrowers shall have delivered to the Administrative Agents an officer’s certificate and, if requested by the
Administrative Agents, an opinion of counsel, each stating that such merger or consolidation and such supplement to this Agreement or any Loan Document comply with this Agreement; provided, further, that if the foregoing are satisfied,
Successor Parent will succeed to, and be substituted for, Parent under this Agreement; 
 (h)
      a merger, dissolution, liquidation, consolidation or Disposition, the purpose of which is to effect a Disposition permitted pursuant to Section 6.5; and 

(i)        any change of jurisdiction of organization of Parent permitted by
Section 5.4(b). 
 Any transaction otherwise permitted by this Section 6.4 that results in any Subsidiary
Guarantor becoming a Non-Loan Party Subsidiary or an Excluded Subsidiary (pursuant to clause (d) of the definition of such term after giving effect to such transaction) shall be deemed an Investment in a Non-Loan Party Subsidiary for purposes of (and subject to) Section 6.7 in an amount equal to the fair market value (as reasonably determined in good faith by Parent) of such Subsidiary Guarantor prior to giving
effect to such transaction. 
 6.5     Limitation on Disposition of Property. Dispose of any of
its Property (including receivables and leasehold interests), whether now owned or hereafter acquired, or, in the case of any Restricted Subsidiary, issue or sell any shares of such Restricted Subsidiary’s Capital Stock to any Person, except:

 (a)      the Disposition of obsolete or worn out property in the ordinary course of
business or consistent with past practice; 
 (b)       the sale of inventory and other
assets held for sale in the ordinary course of business or consistent with past practice; 

(c)        Dispositions permitted by Section 6.4 (other than
Section 6.4(b)(ii)); 
 (d)        (i) the sale or issuance of any Restricted
Subsidiary’s Capital Stock (other than any Borrower’s Capital Stock) to any Loan Party or the sale or issuance of any Excluded Subsidiary’s Capital Stock to another Restricted Subsidiary; provided, that the Guarantors’
collective ownership interest therein is not diluted; and (ii) the sale or issuance of any Capital Stock of, or any Indebtedness or other securities of, any Unrestricted Subsidiary; 

(e)        [reserved]; 

(f)         the Disposition of cash or Cash Equivalents or investment grade
securities; 
 (g)        (i) the license or
sub-license of Intellectual Property in the ordinary course of business or consistent with past practice and (ii) the lapse or abandonment in the 

  
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ordinary course of business or consistent with past practice of any registrations or applications for registration of any Intellectual Property; 

(h)       the lease, sublease, license or sublicense of property as described in
Section 6.3(i); 
 (i)        the Disposition of surplus or other property no
longer used or useful in the business of the Group Members in the ordinary course of business or consistent with past practice; 

(j)        the Disposition of other assets (including the issuance or sale of any
shares of a Restricted Subsidiary’s Capital Stock) from and after the Closing Date, so long as (i) with respect to any Disposition pursuant to this clause (j) for a purchase price in excess of $8.0 million, (A) at least
75.0% of the consideration therefor is in the form of cash or Cash Equivalents or exchanged for other assets of comparable or greater market value or usefulness to the business of the Group Members, taken as a whole and (B) such Disposition is
made at fair value (as determined in good faith by Parent) and (ii) no Default or Event of Default shall have occurred and be continuing at the time of such Disposition; provided, that (A) any liabilities (as shown on Parent’s or such
Restricted Subsidiary’s most recent balance sheet provided hereunder or in the footnotes thereto) of Parent or such Restricted Subsidiary, other than liabilities that are by their terms subordinated in right of payment to the payment in cash of
the Obligations (other than contingent indemnification and reimbursement obligations as to which no claim has been asserted by the Person entitled thereto), that are assumed by the transferee with respect to the applicable Disposition and, in the
case of liabilities that constitute Indebtedness, for which Parent and all of the Restricted Subsidiaries shall have been validly released by all applicable creditors in writing, (B) any securities received by Parent or such Restricted
Subsidiary from such transferee that are converted by such Restricted Subsidiary into cash (to the extent of the cash received) within 180 days following the closing of the applicable Disposition and (C) any Designated Non-Cash Consideration received in respect of such Disposition having an aggregate fair market value (as determined in good faith by Parent) that, taken together with all other Designated Non-Cash Consideration received pursuant to this clause (C) that has not been converted into cash, does not exceed the greater of $50.0 million and 2.0% of Consolidated Total Assets at any time
outstanding, with the fair market value of each item of Designated Non-Cash Consideration being measured at the time received and without giving effect to subsequent changes in value, shall be deemed for
purposes of clause (j)(i) to be cash; 
 (k)       the Disposition of assets subject to
or in connection with any Recovery Event; 
 (l)        Dispositions consisting of
Restricted Payments permitted by Section 6.6; 
 (m)      Dispositions consisting of
Investments permitted by Section 6.7; 
 (n)       Dispositions consisting of Liens
permitted by Section 6.3; 

  
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 (o)       Dispositions of assets pursuant to
Sale and Leaseback Transactions permitted by Section 6.10; 
 (p)       Dispositions of
property to any Group Member; provided, that if the transferor of such property is a Loan Party (i) the transferee thereof must be a Loan Party (or must become a Subsidiary Guarantor substantially simultaneously with such Disposition) or
(ii) to the extent constituting an Investment, such Disposition must be a permitted Investment in a Non-Loan Party Subsidiary in accordance with Section 6.7; 

(q)       Dispositions of Investments in joint ventures or similar entities to the extent
required by, or made pursuant to customary buy/sell arrangements between, the joint venture parties set forth in joint venture arrangements and similar binding arrangements; 

(r)        Dispositions of accounts receivable in connection with the collection or
compromise thereof in the ordinary course of business or consistent with past practice (and not for financing purposes); 

(s)        the partial or total unwinding of any Hedge Agreement or any Cash Management
Services; 
 (t)        in order to resolve disputes that occur in the ordinary course
of business, the Group Members may discount or otherwise compromise for less than the face value thereof, notes or accounts receivable; 

(u)       the settlement or early termination of any Permitted Convertible Indebtedness Call
Transaction; 
 (v)       any Group Member may sell or dispose of shares of Capital Stock of
any of its Subsidiaries in order to qualify members of the governing body of the Subsidiary if and to the extent required by applicable law; 

(w)       Dispositions of property to the extent that (i) such property is exchanged for
credit against the purchase price of similar replacement property, (ii) the proceeds of such Disposition are promptly applied to the purchase price of such replacement property or (iii) such property is exchanged for like property (without
regard to any boot thereon) for use in a similar business, to the extent allowable under Section 1031 of the Code; provided, in each case, that to the extent the property being transferred constitutes Collateral, such replacement
property shall constitute Collateral; 
 (x)       Dispositions not otherwise permitted by
this Section 6.5 so long as the aggregate fair market value (as determined by Parent in good faith at the time of the relevant Disposition) of the assets disposed does not exceed the greater of $100.0 million and 4.0% of Consolidated Total
Assets at the time of any such transaction; 
 (y)       foreclosure or any similar action
(not comprising a Recovery Event) with respect to any property; 

  
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 (z)       any disposition of Capital Stock of
a Restricted Subsidiary pursuant to an agreement or other obligation with or to a Person (other than Parent or a Restricted Subsidiary) from whom such Restricted Subsidiary was acquired, or from whom such Restricted Subsidiary acquired its business
and assets (having been newly formed in connection with such acquisition), made as part of such acquisition and in each case comprising all or a portion of the consideration in respect of such sale or acquisition; 

(aa)      any lending or other disposition of samples, including time-limited evaluation
software, provided to customers or prospective customers; 
 (bb)      any disposition by HBL
Swiss Financing GmbH, HBL Luxembourg Holdings S.à r.l., WH Luxembourg Holdings S.à R.L., Herbalife International Luxembourg S.à R.L., and/or WH Intermediate Holdings LTD (and their respective successors) of margin stock
consisting of equity interests of Parent; and 
 (cc)      any surrender or waiver of
contractual rights or the settlement, release, surrender or waiver of contractual, tort, litigation or other claims of any kind. 

Any Disposition of Capital Stock of any Loan Party from one Group Member to another Group Member otherwise permitted by this
Section 6.5 that results in any Subsidiary Guarantor becoming a Non-Loan Party Subsidiary or an Excluded Subsidiary (pursuant to clause (d) of the definition of such term after giving effect to such
Disposition) shall be deemed an Investment in a Non-Loan Party Subsidiary for purposes of (and subject to) Section 6.7 in an amount equal to the fair market value (as reasonably determined in good faith
by Parent) of such Subsidiary Guarantor prior to giving effect to such Disposition. 
 6.6    
Limitation on Restricted Payments. Declare or pay any dividend or make any distribution on (other than dividends or distributions payable solely in Qualified Capital Stock of the Person making the dividend or distribution so long as the
ownership interest of any Loan Party in such Person is not diluted), or make any payment on account of, or set apart assets for a sinking or other analogous fund for, the purchase, redemption, defeasance, retirement or other acquisition of, any
Capital Stock of any Group Member, whether now or hereafter outstanding, or make any other distribution in respect thereof, whether in cash or property (collectively, “Restricted Payments”), except that: 

(a)       any Restricted Subsidiary may make Restricted Payments to Parent, any other Borrower
and any Subsidiary Guarantor, and any Excluded Subsidiary may make Restricted Payments to any other Excluded Subsidiary; 

(b)       Parent may, so long as no Event of Default has occurred and is continuing, purchase
the Capital Stock of Parent owned by future, present or former officers, directors, employees or consultants of any Group Member or make payments to employees of any Group Member upon termination of employment in connection with the exercise of
stock options, stock appreciation rights or similar equity incentives or equity-based incentives pursuant to management incentive plans or other similar agreements or in connection with the death or disability of such employees, in an aggregate
amount not to exceed the greater of $25.0 

  
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million and 1.0% of Consolidated Total Assets (determined as of the date of any such Restricted Payment) in any calendar year (with unused amounts in any calendar year being carried over to
succeeding calendar years subject to a maximum of $50.0 million in any calendar year) (provided, that such amounts set forth in this clause (b) may be increased by an amount equal to the cash proceeds of key man life insurance
policies received by the Group Members after the Closing Date); provided, that the cancellation of Indebtedness owed to Parent or any Restricted Subsidiary by any future, present or former member of management, director, employee or
consultant of Parent or Restricted Subsidiaries, and borrowed to finance such person’s non-cash purchase of the Capital Stock of Parent, which cancellation serves as consideration for the repurchase from
any such person of such Capital Stock, will not be deemed to constitute a Restricted Payment for purposes of this Section 6.6 or any other provision of this Agreement; 

(c)       [reserved]; 

(d)       Parent may pay cash dividends to the holders of Parent’s Capital Stock or make
any other Restricted Payment in an aggregate amount not to exceed the Available Basket at the time such cash dividend is paid or such Restricted Payment is made; provided, that at any time such cash dividend is paid pursuant to this
clause (d), (x) no Event of Default shall have occurred and be continuing and (y) in the case of any such dividend using either clause (a)(i), clause (a)(ii) or clause (a)(vi) of the definition of the Available Basket, the Total Net
Leverage Ratio, determined on a Pro Forma Basis, does not exceed 3.50:1.00; 
 (e)       any non-Wholly Owned Subsidiary of Parent may declare and pay cash dividends or distributions to its equity-holders generally so long as Parent or its respective Restricted Subsidiary that owns the Capital Stock in the
Restricted Subsidiary paying such dividends or distributions receives at least its proportionate share thereof (based upon the relative holding of the equity interests in the Restricted Subsidiary paying such dividends or distributions); 

(f)       any non-Guarantor Wholly Owned Subsidiary of
Parent may declare and pay cash dividends and make other Restricted Payments to Parent or any Restricted Subsidiary of Parent that owns the equity interests in such non-Guarantor Wholly Owned Subsidiary; 

(g)       [reserved]; 

(h)       to the extent constituting Restricted Payments, the Group Members may enter into
and consummate transactions permitted by Section 6.4 or Section 6.7(d) or (h); 

(i)        repurchases of Capital Stock in any Group Member deemed to occur upon exercise
of stock options or warrants or similar rights if such Capital Stock represents a portion of the exercise price of such options or warrants or similar rights shall be permitted (as long as the Group Members make no payment in connection therewith
that is not otherwise permitted hereunder); 

  
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 (j)       any Group Member may pay cash in
lieu of fractional Capital Stock in connection with any dividend, distribution, split or combination thereof; 

(k)      [reserved]; 

(l)       any dividend or distribution may be paid within 60 days after the date of declaration
thereof, if at the date of declaration (i) such payment would have complied with the provisions of this Agreement and (ii) no Event of Default had occurred and was continuing; 

(m)      [reserved]; 

(n)       so long as (i) immediately prior to and after the declaration of any Restricted
Payment pursuant to this clause (n), no Event of Default shall have occurred and be continuing and (ii) the Total Net Leverage Ratio, determined on a Pro Forma Basis, does not exceed 2.90:1.00, Parent may make unlimited Restricted
Payments; 
 (o)       so long as immediately prior to and after the declaration of any
Restricted Payment pursuant to this clause (o), no Event of Default shall have occurred and be continuing, other Restricted Payments in an aggregate amount not to exceed $100.0 million, plus the amount of any unused portion of the basket
provided for in Section 6.8(xi); and 
 (p)       any payments in connection with a
Permitted Convertible Indebtedness Call Transaction. 
 6.7     Limitation on Investments. Make
any advance, loan, extension of credit (by way of guaranty or otherwise) or capital contribution to, or purchase any Capital Stock, bonds, notes, debentures or other debt securities of, or any assets constituting an ongoing business from, or make
any other investment in, any other Person (all of the foregoing, “Investments”), except: 

(a)       extensions of trade credit or the holding of receivables in the ordinary course of
business or consistent with past practice and Investments received in satisfaction or partial satisfaction thereof from financially troubled account debtors and other credits to suppliers in the ordinary course of business or consistent with past
practice; 
 (b)       Investments in cash and Cash Equivalents or investment grade
securities; 
 (c)       Investments existing (or committed to be made) on the Closing Date
and identified on Schedule 6.7(c) and any modification, replacement, renewal, reinvestment or extension thereof (provided, that the amount of the original Investment (or the committed amount) is not increased except by the terms of such
original Investment or commitment or as otherwise permitted by this Section 6.7); 

(d)       loans and advances to employees, officers, directors, managers and consultants of any
Group Member in the ordinary course of business or consistent with past practice (i) for reasonable and customary business-related travel, entertainment, relocation and analogous ordinary business purposes and (ii) in cash in connection
with such Person’s purchase 

  
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of Capital Stock of Parent; provided, that, the amount of such loans and advances used to acquire such Capital Stock shall be contributed to Parent in cash); 

(e)       Investments in assets useful in the business of the Group Members made by any Group
Member with the proceeds of any Reinvestment Deferred Amount; provided, that if the underlying Asset Sale or Recovery Event was with respect to a Loan Party, then such Investment shall be consummated by a Loan Party (or a Person that
substantially simultaneously therewith becomes a Loan Party); 
 (f)       Investments by the
Group Members constituting the purchase or other acquisition of all or substantially all of the property and assets or businesses of any Person or all or substantially all of the assets constituting a business unit, a line of business or division of
such Person, or Capital Stock in a Person that, upon the consummation thereof, will be, or will become part of, a Wholly Owned Subsidiary of Parent (including as a result of a merger, amalgamation or consolidation) (each, a “Permitted
Acquisition”); provided, that 

(i)        immediately prior to and after giving effect to any such
purchase or other acquisition, no Event of Default shall have occurred and be continuing; 

(ii)        all of the applicable provisions of Section 5.9 and
5.14 the Collateral Documents have been or will be complied with in respect of such Permitted Acquisition (other than to the extent any Subsidiary purchased or acquired in such Permitted Acquisition is designated as an Unrestricted Subsidiary
pursuant to Section 5.13 or is otherwise an Excluded Subsidiary); 

(iii)        the aggregate amount of such Investments by Loan Parties
in assets that are not (or do not become) directly owned by a Loan Party or in Capital Stock of Persons that do not become a Loan Party shall not exceed the sum of (A) the greater of $75.0 million and 3.0% of Consolidated Total Assets at
the time such Investment is made plus (B) the Available Basket at the time such Investment is made; and 

(iv)         any Person, property, assets or divisions acquired in
accordance with this clause (f) shall be in the same or a generally related, complementary or ancillary line of business as the Group Members; 

(g)       Investments received in connection with the workout, bankruptcy or reorganization of,
insolvency or liquidation of, or settlement of claims against and delinquent accounts of and disputes with, franchisees, customers and suppliers, or as security for any such claims, accounts and disputes, or upon the foreclosure with respect to any
secured Investment; 
 (h)       advances of payroll payments to employees, officers,
directors and managers of the Parent and its Restricted Subsidiaries in the ordinary course of business or consistent with past practice; 

(i)        Investments arising in connection with the purchase and sale of marketable
securities to facilitate the repatriation of earnings by Foreign Subsidiaries and 

  
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Investments arising in connection with the payment of intercompany and other obligations incurred in the ordinary course of business by Foreign Obligors; 

(j)       (w) Investments by any Loan Party in any other Loan Party, (x) Investments by
any Restricted Subsidiary that is not a Loan Party in any other Restricted Subsidiary that is not a Loan Party, (y) Investments by any Restricted Subsidiary that is not a Loan Party in any Loan Party and/or (z) Investments by any Loan
Party in any Restricted Subsidiary that is not a Loan Party so long as, in the case of this clause (z), the aggregate amount of any such Investments outstanding at any time does not exceed $250.0 million; 

(k)       Investments consisting of promissory notes and other deferred payment obligations and
noncash consideration delivered as the purchase consideration for a Disposition permitted by Section 6.5; 

(l)        other Investments so long as (x) immediately prior to and after giving
effect to any such Investment, no Event of Default shall have occurred and be continuing and (y) the Total Net Leverage Ratio, determined on a Pro Forma Basis, does not exceed 3.00:1.00; 

(m)      Group Members may endorse negotiable instruments and other payment items for
collection or deposit in the ordinary course of business or consistent with past practice or make lease, utility and other similar deposits in the ordinary course of business or consistent with past practice; 

(n)       Investments consisting of obligations under Hedge Agreements permitted by
Section 6.2; 
 (o)       Investments consisting of Restricted Payments permitted by
Section 6.6; 
 (p)       Investments of any Person that becomes (or is merged or
consolidated or amalgamated with) a Restricted Subsidiary of Parent on or after the date hereof on the date such Person becomes (or is merged or consolidated or amalgamated with) a Restricted Subsidiary of Parent; provided, that (i) such
Investments exist at the time such Person becomes (or is merged or consolidated or amalgamated with) a Restricted Subsidiary, and (ii) such Investments are not made in anticipation or contemplation of such Person becoming (or merging or
consolidating or amalgamated with) a Restricted Subsidiary; 
 (q)       Investments
consisting of deposits made in accordance with clauses (c), (d), (o), (u), (y), (z)(ii) or (ee) of Section 6.3; 

(r)        other Investments in an aggregate amount not to exceed the greater of (x)
$75.0 million and (y) 3.0% of Consolidated Total Assets at the time such Investment is made; 

(s)        so long as no Event of Default shall have occurred and be continuing, other
Investments in an aggregate amount not to exceed the Available Basket at the time of such Investment; 

  
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 (t)       deposits made in the ordinary
course of business or consistent with past practice to secure the performance of leases or in connection with bidding on government contracts; 

(u)       advances in connection with purchases of goods or services in the ordinary course of
business or consistent with past practice; 
 (v)       Guarantee Obligations, letters of
credit and similar obligations in respect of obligations not constituting Indebtedness for borrowed money entered into in the ordinary course of business or consistent with past practice; 

(w)       Investments consisting of Liens permitted under Section 6.3; 

(x)        Investments consisting of transactions permitted under Section 6.4, except
for Section 6.4(e); 
 (y)        Investments to the extent that payment for such
Investments is made solely with Qualified Capital Stock of Parent; 
 (z)        
[reserved]; 
 (aa)       Investments made in connection with the Transactions; 

(bb)       [reserved]; 

(cc)       Investments funded with Excluded Contributions; 

(dd)       Parent and the Restricted Subsidiaries may acquire Capital Stock in connection with
the satisfaction or enforcement of Indebtedness or claims due or owing to Parent or any of the Restricted Subsidiaries or as security for any such Indebtedness or claim; and 

(ee)       Investments in joint ventures or in a Restricted Subsidiary to enable such
Restricted Subsidiary to make Investments in joint ventures, in each case, consisting of the transfer to such joint venture of a going concern business or businesses (including, in each case, all related assets, including equipment, inventory and
working capital); provided, that all such businesses so transferred pursuant to this clause (ee), in the aggregate, have consolidated earnings before interest, taxes, depreciation and amortization (determined in a manner equivalent to
the determination of Consolidated EBITDA) for the Relevant Reference Period not to exceed the greater of (x) $50.0 million and (y) 2.0% of Consolidated EBITDA for the Relevant Reference Period at the time such Investment is made; 

(ff)        Investments in connection with reorganizations and other activities related to
tax planning and reorganization, so long as after giving effect thereto, the interest of the Secured Parties in the Collateral and the guarantees under the Guaranties, taken as a whole, is not materially impaired; 

  
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 (gg)       Investments consisting of
licensing or contribution of Intellectual Property pursuant to joint marketing arrangements with other Persons; 

(hh)       contributions to a “rabbi” trust for the benefit of employees or other
grantor trust subject to claims of creditors in the case of a bankruptcy of any Borrower; 

(ii)         Investments entered into by an Unrestricted Subsidiary prior to the date
such Unrestricted Subsidiary is redesignated as a Restricted Subsidiary pursuant to Section 5.13; provided that such Investment was not entered into in contemplation of such Unrestricted Subsidiary becoming a Restricted Subsidiary; and

 (jj)         any Permitted Convertible Indebtedness Call Transactions; 

provided, that for purposes of covenant compliance, (x) the amount of any Investment at any time shall be the amount actually
invested (measured at the time made), without adjustment for subsequent changes in the value of such Investment, net of all Returns on such Investment up to the original amount of such Investment, and (y) in the case of any Investment in
connection with any Limited Conditionality Incremental Transaction, the applicable Borrowers shall have the option of making any determination required by this Section 6.7 and any related determination required by Section 6.2, 6.3, 6.8 or
6.10, as applicable, as of the date the definitive documentation for such Investment is executed, and the applicable financial ratios or tests and any other Pro Forma Transactions in connection therewith shall thereafter be calculated and determined
as if such Limited Conditionality Incremental Transaction were consummated on such date until consummated or terminated; provided, further, that if the applicable Borrowers elect to have such determinations occur as of the date of such
definitive agreement, any related incurrence of Indebtedness or Liens shall be deemed to have occurred on such date and outstanding thereafter for purposes of subsequently calculating any ratios under this Agreement after such date and before the
consummation of such Investment and to the extent baskets were utilized in satisfying any covenants, such baskets shall be deemed utilized, but any calculation of Consolidated EBITDA or Consolidated Total Assets for purposes of other incurrences of
Indebtedness or Liens or determining the permissibility of other transactions (not related to such Investment) shall not reflect such Investment until it is consummated or terminated; provided, further, that any intercompany Investment
permitted above that is in the form of a loan or advance owed to (A) a Loan Party shall be evidenced by an intercompany note (individually or pursuant to a global note (which global note may be a Subordinated Intercompany Note)) and pledged by
such Loan Party as Collateral pursuant to the Collateral Documents and (B) a Non-Loan Party Subsidiary by a Loan Party (other than Parent) shall be subordinated in right of payment to the Obligations on
customary terms reasonably satisfactory to the Collateral Agent. 
 6.8     Limitation on Optional
Payments of Junior Debt Instruments. Make any optional or voluntary payment, prepayment, repurchase or redemption of, or otherwise voluntarily or optionally defease or otherwise voluntarily or optionally satisfy (a “Specified
Prepayment”), any Junior Debt other than (i) a Specified Prepayment with the Net Cash Proceeds of Indebtedness then permitted to be incurred pursuant to Section 6.2(p) or other Permitted Refinancing in respect of such Junior Debt
(which Permitted Refinancing is permitted under Section 6.2), (ii) any Specified Prepayment so long as (x) no Event of Default shall have occurred and be continuing 

  
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and (y) in the case of any such Specified Prepayment using either clause (a)(i), clause (a)(ii) or (a)(vi) of the definition of the Available Basket, the Total Net Leverage Ratio, determined
on a Pro Forma Basis, does not exceed 3.50:1.00, (iii) any Specified Prepayment so long as (x) no Event of Default shall have occurred and be continuing and (y) the Total Net Leverage Ratio, determined on a Pro Forma Basis, does not exceed
2.90:1:00 at the time of such Specified Prepayment of Junior Debt, (iv) the conversion of such Junior Debt to Qualified Capital Stock of Parent or Capital Stock of any direct or indirect parent company of Parent, (v) [reserved], (vi)
[reserved], (vii) [reserved], (viii) payments necessary so that such Junior Debt will not have “significant original issue discount” and thus will not be treated as “applicable high yield discount obligations” within the meaning
of Section 163(i) of the Code, (ix) regularly scheduled interest payments and payments of fees, expenses and indemnification obligations, (x) payments of cash upon settlements of conversions or exchanges of convertible notes or
(xi) other Specified Prepayments in an aggregate amount not to exceed $100.0 million, plus the amount of any unused portion of the basket provided for in Section 6.6(o); provided, that in the case of any Specified Prepayment
under clause (i), (ii) or (iii) in connection with any Limited Conditionality Incremental Transaction, the applicable Borrowers shall have the option of making the applicable determination, and any related determinations required by
Section 6.2 or 6.3, as applicable, as of the date the redemption or prepayment notice is given (and any Pro Forma Transactions in connection therewith shall thereafter be calculated and determined as if such Specified Prepayment were
consummated on such date until consummated or terminated); provided, further, that if the applicable Borrowers elect to have such determinations occur as of the date of such redemption or prepayment notice, any related incurrence of Indebtedness or
Liens shall be deemed to have occurred on such date and outstanding thereafter for purposes of subsequently calculating any ratios under this Agreement after such date and before the consummation of such Specified Prepayment and to the extent
baskets were utilized in satisfying any covenants, such baskets shall be deemed utilized, but any calculation of Consolidated EBITDA or Consolidated Total Assets for purposes of other incurrences of Indebtedness or Liens or determining the
permissibility of other transactions (not related to such Specified Prepayment) shall not reflect such Specified Prepayment until it has been consummated or terminated. 

6.9     Limitation on Transactions with Affiliates. Enter into any transaction, including any
purchase, sale, lease or exchange of Property, the rendering of any service or the payment of any management, advisory or similar fees, with any Affiliate (other than Parent, any Restricted Subsidiary or any Person that becomes a Restricted
Subsidiary as a result of such transaction) unless such transaction is otherwise permitted under this Agreement and is on fair and reasonable terms no less favorable to Parent and the Restricted Subsidiaries, taken as a whole, than could be obtained
in a comparable arm’s-length transaction with a Person that is not an Affiliate. Notwithstanding the foregoing, Parent and the Restricted Subsidiaries may: 

(a)       enter into and consummate the transactions listed on Schedule 6.9(b); 

(b)       make Restricted Payments permitted pursuant to Section 6.6; 

(c)       make Investments (i) in Unrestricted Subsidiaries permitted by
Section 6.7 and (ii) in any Person to the extent permitted by Section 6.7(a), (c), (d), (h), (v) or (cc) (provided, that any Investment in a Person permitted under Section 6.7 shall be permitted

  
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under this Section 6.9(d) to the extent such Investment constitutes a transaction with an Affiliate solely because a Group Member owns any Capital Stock in, or controls such Person); 

(d)       enter into employment and severance arrangements with officers, directors and
employees of Parent and the Restricted Subsidiaries and, to the extent relating to services performed for Parent and the Restricted Subsidiaries (as determined in good faith by the senior management of the relevant Person), pay director, officer and
employee compensation (including bonuses) and other benefits (including retirement, health, stock option and other benefit plans) and indemnification and expense reimbursement arrangements; provided, that any purchase of Capital Stock of Parent in
connection with the foregoing shall be subject to Section 6.6; 
 (e)       [reserved];

 (f)        make payments to or receive payments from, and enter into and consummate
transactions with, joint ventures (to the extent any such joint venture is only an Affiliate as a result of Investments by Parent and the Restricted Subsidiaries in such joint venture) in the ordinary course of business or consistent with past
practice to the extent otherwise permitted hereunder; 
 (g)       pay reasonable out-of-pocket costs and expenses relating to registration rights and indemnities provided to holders of Capital Stock of Parent pursuant to any stockholders’ agreement or
registration and participation rights agreement as in effect on the Closing Date or entered into after the Closing Date in connection with any financing transaction, the net proceeds of which are contributed to Parent; 

(h)       enter into transactions between Parent or any Restricted Subsidiary and any Person
other than an Unrestricted Subsidiary which would constitute a transaction with an Affiliate solely because a director of such Person is also a director of Parent or any direct or indirect Subsidiary of Parent; provided, however, that
such director abstains from voting as a director of Parent or such direct or indirect parent, as the case may be, on any matter involving such other Person; 

(i)        engage in the non-exclusive licensing
of Intellectual Property in the ordinary course of business or consistent with past practice to permit the commercial exploitation of Intellectual Property between or among Affiliates of Parent; 

(j)        any transaction between or among Parent or any Restricted Subsidiary and any
Person that is an Affiliate of Parent or any Restricted Subsidiary solely because Parent or a Restricted Subsidiary owns an equity interest in or otherwise controls such Person; 

(k)       [reserved]; 

(l)        (i) investments by Affiliates in securities of Parent or any of the Restricted
Subsidiaries (and payment of reasonable out-of-pocket expenses incurred by such Affiliates in connection therewith) so long as the investment is being offered by Parent
or such Restricted Subsidiary generally to other non-affiliated third party investors on the same or more 

  
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favorable terms and (ii) payments to Affiliates in respect of securities of Parent or any of the Restricted Subsidiaries contemplated by the foregoing subclause (i) or that were
acquired from Persons other than Parent and the Restricted Subsidiaries, in each case, in accordance with the terms of such securities; 

(m)       transactions entered into by an Unrestricted Subsidiary with an Affiliate prior to
the day such Unrestricted Subsidiary is redesignated as a Restricted Subsidiary as described in Section 5.13; provided that such transaction was not entered into in contemplation of such Unrestricted Subsidiary becoming a Restricted Subsidiary;
and 
 (n)        enter into transactions with respect to which Parent or any of the
Restricted Subsidiaries, as the case may be, obtains a letter from an independent financial advisory, investment banking or appraisal firm stating that such transaction is fair to Parent or such Restricted Subsidiary from a financial point of view
or meets the requirements of the first sentence of this Section 6.9. 
 6.10     Limitation on
Sales and Leasebacks. Enter into any arrangement with any Person providing for the leasing by any Group Member of real or personal property which has been or is to be sold or transferred by any Group Member to such Person or to any other Person
to whom funds have been or are to be advanced by such Person on the security of such property or rental obligations of such Group Member (a “Sale and Leaseback Transaction”) to the extent the Net Cash Proceeds of all such Sale and
Leaseback Transactions during the term of this Agreement are in excess of the greater of (x) $75.0 million and (y) 3.0% of Consolidated Total Assets, in the aggregate; unless (a) the sale of such property is made for cash consideration in
an amount not less than the fair market value (as reasonably determined by Parent in good faith) of such property, (b) such Sale and Leaseback Transaction is consummated within 180 days after the date on which such property is sold or
transferred, (c) any Liens arising in connection with such Group Member’s use of the property are permitted by Section 6.3(r) and (d) either (i) the First Lien Net Leverage Ratio, determined on a Pro Forma Basis at the
time of and after giving effect to such Sale and Leaseback Transaction (but without netting the cash proceeds from such Sale and Leaseback Transaction), is equal to or less than 1.50:1.00 or (ii) the Net Cash Proceeds of such Sale and Leaseback
Transaction shall be applied to mandatorily prepay the Term Loans in accordance with Section 2.14 but without giving effect to any reinvestment right set forth in the second proviso of the first sentence of clause (b) thereto (but, for the
avoidance of doubt, giving effect to clause (iii) of the second proviso thereto and to the third and fourth provisos thereto) (a Sale and Leaseback Transaction with respect to which the requirements of this clause (d)(ii) are applicable, a
“Specified Sale and Leaseback Transaction”). 
 6.11     Limitation on Negative
Pledge Clauses. Enter into or suffer to exist or become effective any agreement that prohibits or limits the ability of any Group Member to create, incur, assume or suffer to exist any Lien upon any of its Property or revenues, whether now owned
or hereafter acquired, to secure the Obligations other than (a) this Agreement (including any Permitted Amendment), the other Loan Documents, or any Guarantee Obligations in respect of any of the foregoing, (b) any agreements governing any
Permitted Term Loan Refinancing Indebtedness, any Incremental Equivalent Debt, any Replacement Facility or any Refinancing Indebtedness with respect to any of the foregoing or Guarantee Obligations in respect of any of

  
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the foregoing (provided, that in the case of this clause (b), such prohibitions or limitations in documentation evidencing such Indebtedness are no more restrictive, when taken as a
whole, than those in effect prior to the relevant incurrence of such Indebtedness), (c) any agreements governing any Indebtedness permitted by Section 6.2(c) and any other purchase money Indebtedness, Attributable Indebtedness or Capital Lease
Obligations otherwise permitted hereby (in which case, any prohibition or limitation shall only be effective against the assets financed by or the subject of such Indebtedness and the proceeds and products thereof), (d) any agreements governing
Indebtedness of any Excluded Subsidiary permitted by Section 6.2 (in which case, any such prohibition or limitation shall only be effective against the assets of such Excluded Subsidiary and its Subsidiaries), (e) any agreements governing
Indebtedness permitted by Section 6.2(g) (in which case any such prohibition shall only be effective against the assets permitted to be subject to Liens permitted by Section 6.3(k) and the proceeds thereof), (f) customary provisions
in joint venture agreements and similar agreements that restrict transfer of assets of, or equity interests in, joint ventures, (g) licenses or sublicenses by any Group Member of Intellectual Property in the ordinary course of business or
consistent with past practice (in which case any prohibition or limitation shall only be effective against the Intellectual Property subject thereto), (h) customary provisions (including customary net worth provisions) in leases, subleases, licenses
and sublicenses that restrict the transfer thereof or the transfer of the assets subject thereto by the lessee, sublessee, licensee or sublicensee, (i) prohibitions and limitations arising by operation of law, (j) prohibitions and
limitations that are binding on a Restricted Subsidiary at the time such Restricted Subsidiary first becomes a Restricted Subsidiary, so long as such prohibitions and limitations were not created in contemplation of such Person becoming a Restricted
Subsidiary and apply only to such Restricted Subsidiary, (k) customary restrictions that arise in connection with any Disposition permitted by Section 6.5 applicable pending such Disposition solely to the assets subject to such
Disposition, (l) customary provisions contained in an agreement restricting assignment of such agreement entered into in the ordinary course of business or consistent with past practice, (m) customary restrictions on cash or other deposits
imposed by customers under contracts entered into in the ordinary course of business or consistent with past practice, (n) agreements existing and as in effect on the Closing Date and described in Schedule 6.11 or (o) restrictions
imposed by any agreement governing Indebtedness entered into after the Closing Date and permitted under Section 6.2 that are, taken as a whole, in the good faith judgment of Parent, no more restrictive with respect to Parent or any Restricted
Subsidiary than the then customary market terms for Indebtedness of such type, so long as Parent shall have determined in good faith that such restrictions would not, or would not reasonably be expected to, restrict or impair, in any material
respect, the ability of Parent and the Restricted Subsidiaries to make any payments required under the Loan Documents. 

6.12     Limitation on Restrictions on Restricted Subsidiary Distributions. Enter into or suffer to
exist or become effective any consensual encumbrance or restriction on the ability of any Restricted Subsidiary (other than a Subsidiary Guarantor) to make Restricted Payments in respect of any Capital Stock of such Restricted Subsidiary held by any
Loan Party or to Guarantee Obligations of any Loan Party except for such encumbrances or restrictions existing under or by reason of (i) this Agreement (including any Permitted Amendment) or the other Loan Documents, (ii) any agreements
governing any Permitted Term Loan Refinancing Indebtedness, any Incremental Equivalent Debt or any Refinancing Indebtedness with respect to any of the foregoing or Guarantee Obligations in respect of any of the foregoing (provided, that in
the case of this 

  
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clause (ii), such encumbrances or restrictions in documentation evidencing such Indebtedness are no more restrictive, when taken as a whole, than those in effect prior to the relevant
incurrence of such Indebtedness), (iii) any agreement that has been entered into in connection with the Disposition of all or substantially all of the Capital Stock or assets of a Restricted Subsidiary, solely with respect to such Restricted
Subsidiary, (iv) customary net worth provisions contained in real property leases, subleases, licenses or permits entered into by any Group Member so long as such net worth provisions would not reasonably be expected to impair the ability of
the Loan Parties to comply with their obligations under this Agreement or any of the other Loan Documents (as determined in good faith by Parent), (v) any restriction with respect to Excluded Subsidiaries in connection with Indebtedness permitted by
Section 6.2, (vi) to the extent not otherwise permitted under this Section 6.12, agreements, restrictions and limitations described in clauses (a) through (o) of Section 6.11, to the extent set forth in such clauses,
(vii) restrictions with respect to the transfer of any asset contained in an agreement that has been entered into in connection with the disposition of such asset permitted hereunder and (viii) prohibitions and limitations arising by
operation of law; and (ix) restrictions imposed by any agreement governing Indebtedness entered into after the Closing Date and permitted under Section 6.2 that are, taken as a whole, in the good faith judgment of Parent, no more
restrictive in any material respect with respect to Parent or any Restricted Subsidiary than either (i) Section 6.6 of this Agreement or (ii) the then customary market terms for Indebtedness of such type, so long as, in the case of
this clause (ii) only, Parent shall have determined in good faith that such restrictions would not, or would not reasonably be expected to, restrict or impair, in any material respect, the ability of Parent and the Restricted Subsidiaries to
make any payments required under the Loan Documents. 
 6.13     Limitation on Lines of Business.
Enter into any material line of business, either directly or through any Restricted Subsidiary, except for those businesses in which any Group Member is engaged on the date of this Agreement or that are reasonably related or ancillary thereto or
reasonable extensions thereof. 
 6.14     Total Leverage Ratio. Solely with respect to the
Revolving Credit Facility and the Term Loan A Facility: permit the Total Leverage Ratio as of the last day of any fiscal quarter ending during any period set forth below to be greater than the ratio set forth opposite such period below: 

 

					
	                Period	  	Ratio	 
	 September 30, 2018 to September 30, 2021
	  	 	4.00:1.00	 
		
	 December 31, 2021 and thereafter
	  	 	3.75: 1.00	 

 6.15     Modification of Certain Agreements. Amend, modify or
change (a) any Organizational Document of any Loan Party or (b) the terms of the definitive documentation of any Junior Debt constituting Material Debt (other than any such amendment, modification or other change (w) that would extend
the maturity or reduce the amount of any payment of principal thereof, reduce the rate or amount or extend the date for payment of interest thereon or relax or eliminate any covenant, event of default or other provision applicable to Parent or any
of the Restricted Subsidiaries, (x) that is pursuant to a refinancing permitted by Section 6.8(i), (y) to the 

  
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extent such amendment, modification or other change is effective, or is to provisions that become applicable, after the then Latest Maturity Date hereunder (as determined as of the time of such
amendment, modification or other change is made) or (z) if immediately after giving effect thereto such Junior Debt with such revised terms could be incurred pursuant to Section 6.2 (such determination to be made as if such Junior Debt was
incurred at such time and had not previously been incurred)); provided, that in the case of clause (a) above, any amendment, modification or change to the Organizational Documents of any Loan Party to effectuate a change in form of
entity or organization or any other transaction permitted by Section 5.4(b) or Section 6.5 shall be permitted, subject to the requirements under the Security Agreement; and provided, further, that any change to effect a change in fiscal
year permitted under Section 6.16 shall be permitted. 
 6.16     Changes in Fiscal Periods.
Permit the fiscal year of any Borrower to end on a day other than December 31, without the prior written consent of the Term Loan Administrative Agents (such consent not be unreasonably withheld, delayed or conditioned), in each case other than
if such change is required by GAAP or make any material change in accounting policies or reporting practices, except as required or permitted by GAAP. 

SECTION 7. EVENTS OF DEFAULT 

7.1       Events of Default. If any of the following events shall occur and be
continuing: 
 (a)       (i) the applicable Borrowers shall fail to pay any principal of any
Loan when due in accordance with the terms hereof; or (ii) the applicable Borrowers shall fail to pay any interest on any Loan or any Loan Party shall fail to pay any other amount payable hereunder or under any other Loan Document, within five
Business Days after any such interest or other amount becomes due in accordance with the terms hereof or thereof; or 

(b)       any representation or warranty made or deemed made by any Loan Party herein or in any
other Loan Document or that is contained in any certificate, document or financial or other statement required to be furnished by such Loan Party at any time under this Agreement or any such other Loan Document shall prove to have been inaccurate in
any material respect on or as of the date made or deemed made or furnished (provided, that, in each case, such materiality qualifier shall not be applicable with respect to any representation or warranty that is qualified or modified by materiality
or Material Adverse Effect); or 
 (c)       any Loan Party shall default in the observance
or performance of any agreement contained in clause (i) of Section 5.4(a) (with respect to Parent and the other Borrowers only), Section 5.7(a) (provided, that the delivery of the notice referred to in such Section 5.7(a) at any
time will cure any such Event of Default arising from the failure to timely deliver such notice of default), Section 5.10 or Section 6 (provided, further, that the failure to observe or perform the Financial Maintenance
Covenant shall not in and of itself constitute an Event of Default with respect to the Term Loan B Facility hereunder until the date on which the Required Pro Rata Facility Lenders accelerate payment of the Term A Loans, Revolving Credit Loans and
terminate their Revolving Credit Commitments or foreclose upon the Collateral, provided, further, that prior to the time it becomes an Event of Default with respect to the Term Loan B Facility, any Event of Default under this paragraph
(c) based on the failure to observe 

  
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or perform the Financial Maintenance Covenant may be waived, amended, terminated or otherwise modified from time to time by the Required Pro Rata Facility Lenders, the Revolver Administrative
Agent and the Term Loan A Agent); or 
 (d)       any Loan Party shall default in the
observance or performance of any covenant or other agreement contained in this Agreement or any other Loan Document (other than as provided in paragraphs (a) through (c) of this Section 7.1), and such default shall continue unremedied for
a period of 30 days following delivery of written notice thereof to the Borrowers by the applicable Agent; or 

(e)        any Group Member shall (i) default in making any payment of any principal
of any Indebtedness (including the Convertible Notes but excluding the Loans and other Indebtedness under the Loan Documents) on the scheduled or original due date with respect thereto beyond the period of grace, if any, provided in the instrument
or agreement under which such Indebtedness was created; or (ii) default in making any payment of any interest on any such Indebtedness beyond the period of grace, if any, provided in the instrument or agreement under which such Indebtedness was
created; or (iii) default in the observance or performance of any other agreement or condition relating to any such Indebtedness (other than, with respect to Indebtedness consisting of obligations in respect of Hedge Agreements, termination
events or equivalent events pursuant to the terms of such Hedge Agreements and not as a result of any default thereunder by any such Group Member) or contained in any instrument or agreement evidencing, securing or relating thereto, or any other
event shall occur or condition exist, the effect of which default or other event or condition is to cause, or to permit the holder or beneficiary of such Indebtedness (or a trustee or agent on behalf of such holder or beneficiary) to cause, with or
without the giving of notice, the lapse of time or both, such Indebtedness to become due prior to its stated maturity or to become subject to a mandatory offer to purchase by the obligor thereunder or (in the case of any such Indebtedness
constituting a Guarantee Obligation) to become payable (provided, that this clause (iii) shall not apply to (A) any secured Indebtedness that becomes due or subject to a mandatory offer to purchase as a result of the sale, transfer
or other Disposition of assets securing such Indebtedness, if such sale, transfer or other Disposition is permitted hereunder and under the documents providing for such Indebtedness (and, for the avoidance of doubt, the aggregate principal amount of
such Indebtedness shall not be included in determining whether an Event of Default has occurred under this paragraph (e)) or (B) any event which permits the conversion of convertible debt and the settlement of any Permitted Convertible
Indebtedness Call Transaction); provided, that a default, event or condition described in clause (i), (ii) or (iii) of this paragraph (e) shall not at any time constitute an Event of Default unless, at such time, one or more defaults,
events or conditions of the type described in clause (i), (ii) or (iii) of this paragraph (e) shall have occurred and be continuing with respect to Indebtedness, the outstanding principal amount of which would in the aggregate
constitute Material Debt; provided, further, that upon becoming an Event of Default, such Event of Default shall be deemed to have been remedied and shall no longer be continuing if any such defaults, events or conditions are remedied
or waived prior to any acceleration of the Loans pursuant to the below provisions of this Section 7.1 by any of the holders or beneficiaries of such Indebtedness (or a trustee or agent on behalf of such holders or beneficiaries) and, after
giving effect thereto, at such time, one or more defaults, events or conditions of the type described in clause (i), (ii) or (iii) of this paragraph (e) shall no longer be 

  
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continuing with respect to such Material Debt; provided, further, that the failure to observe or perform the Financial Maintenance Covenant shall not in and of itself constitute an
Event of Default with respect to the Term Loan B Facility hereunder until the date on which the Required Pro Rata Facility Lenders accelerate payment of the Term A Loans, Revolving Credit Loans and terminate their Revolving Credit Commitments or
foreclose upon the Collateral (the “Financial Covenant Standstill”), provided, further, that prior to the time it becomes an Event of Default with respect to the Term Loan B Facility, any Event of Default under this
paragraph (e) based on the failure to observe or perform the Financial Maintenance Covenant may be waived, amended, terminated or otherwise modified from time to time by the Required Pro Rata Facility Lenders, the Revolver Administrative Agent
and the Term Loan A Agent; or 
 (f)       (i) any Material Party shall commence any case,
proceeding or other action (A) under any existing or future Debtor Relief Laws, seeking to have an order for relief entered with respect to it, or seeking to adjudicate it a bankrupt or insolvent, or seeking reorganization, arrangement,
adjustment, winding up, liquidation, provisional liquidation, dissolution, composition or other relief with respect to it or its debts, or (B) seeking appointment of a receiver, trustee, liquidator, provisional liquidator, custodian,
conservator or other similar official for it or for all or any substantial part of its assets, or any Material Party shall make a general assignment for the benefit of its creditors; or (ii) there shall be commenced against or with respect to
any Material Party any case, proceeding or other action of a nature referred to in clause (i) above that (A) results in the entry of an order for relief or for any such adjudication or appointment or (B) remains undismissed,
undischarged or unbonded for a period of 60 days; or (iii) there shall be commenced against any Material Party any case, proceeding or other action seeking issuance of a warrant of attachment, execution, distraint or similar process against all
or any substantial part of its assets that results in the entry of an order for any such relief that shall not have been vacated, discharged, or stayed or bonded pending appeal within 60 days from the entry thereof; or (iv) any Material Party
shall take any action in furtherance of, or indicating its consent to, approval of, or acquiescence in, any of the acts set forth in clause (i), (ii), or (iii) above; or (v) any Borrower shall generally not, or shall be unable to, or
shall admit in writing its inability to, pay its debts as they become due; 
 (g)       (i)
any Person shall engage in any non-exempt “prohibited transaction” (as defined in Section 406 of ERISA or Section 4975 of the Code) involving any Plan that results in liability of any
Borrower or any Commonly Controlled Entity, (ii) any Person shall fail to make by its due date a required installment under Section 430(j) of the Code with respect to any Single Employer Plan or any failure by any Single Employer Plan to
satisfy the minimum funding standards (within the meaning of Section 412 of the Code or Section 302 of ERISA) applicable to such Plan, whether or not waived or any Lien in favor of the PBGC or a Plan shall arise on the assets of any
Borrower or any Commonly Controlled Entity, (iii) a Reportable Event shall occur with respect to, or proceedings shall commence to have a trustee appointed, or a trustee shall be appointed, to administer or to terminate, any Single Employer
Plan, which Reportable Event or commencement of proceedings or appointment of a trustee is reasonably likely to result in the termination of such Plan for purposes of Title IV of ERISA, (iv) any Single Employer Plan shall terminate for purposes
of Title IV of ERISA and the present value of all accrued benefits, determined on a termination basis, exceeds the value of the assets of such Plan or (v) any Borrower or any Commonly Controlled Entity shall be reasonably likely to incur any

  
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liability in connection with a withdrawal from, or the Insolvency of, a Multiemployer Plan; and in each case in clauses (i) through (v) above, such event or condition, together with all
other such events or conditions, if any, would reasonably be expected to have a Material Adverse Effect; or 

(h)       one or more final judgments or decrees for the payment of money shall be entered
against Parent, any of the Borrowers or any of their Restricted Subsidiaries involving for Parent or any of its Restricted Subsidiaries, taken as a whole, a liability (to the extent not covered by insurance as to which the relevant insurance company
has not denied coverage in writing) of an amount equal to the greater of (a) $120.0 million and (b) 5.0% of Consolidated Total Assets or more, and all such judgments or decrees shall not have been satisfied, vacated, discharged, stayed or
bonded pending appeal within 60 days from the entry thereof; or 
 (i)        any
Collateral Document that creates a Lien with respect to a material portion of the Collateral shall cease, for any reason (other than by reason of the express release thereof pursuant to the provisions of the Loan Documents), to be in full force and
effect, or any Loan Party (or any of its Affiliates that has the power, directly or indirectly, to direct or cause the direction of the management and policies of such Loan Party) shall so assert in writing, or any Lien with respect to any material
portion of the Collateral created by any of the Collateral Documents shall cease to be enforceable and of the same effect and priority purported to be created thereby, except to the extent that (i) any of the foregoing results from the failure
of the Collateral Agent to maintain possession of certificates actually delivered to it representing securities pledged under the Collateral Documents or to file UCC continuation statements or (ii) such loss is covered by a title insurance
policy benefitting the Collateral Agent or the Lenders and the related insurer has not asserted in writing that such loss is not covered by such title insurance policy and has not denied coverage; or 

(j)        the guarantee contained in any Guaranty shall cease, for any reason (other than
by reason of the express release thereof pursuant to the provisions of the Loan Documents), to be in full force and effect or any Loan Party (or any of its Affiliates that has the power, directly or indirectly, to direct or cause the direction of
the management and policies of such Loan Party) shall so assert in writing (other than by reason of the express release thereof pursuant to the provisions of the Loan Documents); or 

(k)       any Senior/Junior Intercreditor Agreement and/or any Senior Pari Passu Intercreditor
Agreement shall cease, for any reason, to provide for the relative priorities intended thereby or to otherwise be in full force and effect; or 

(l)        any Change of Control shall occur; 

(m)      any Loan Party or any Subsidiary thereof becomes party or subject to a consent decree,
agreement, public closing letter imposing explicit restrictions on business operations, administrative or judicial order, final judgment, and/or permanent injunction (a “Resolution”), with or by the Federal Trade Commission or any
Governmental Authority, where the entering into or effectiveness of such Resolution could reasonably be expected to result in a material adverse change in, or have a Material Adverse Effect upon, the business operations

  
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(as currently conducted), assets or financial condition of Parent and its Subsidiaries taken as a whole, including without limitation as a result of impacts of such Resolution upon revenue or
income, marketing claims or practices, distributor compensation practices, or terms or agreements with distributors or other purchasers of the Borrowers and their Subsidiaries’ products; or 

then, and in any such event, (A) if such event is an Event of Default specified in clause (i) or (ii) of
paragraph (f) above with respect to any Borrower, the Commitments hereunder shall automatically and immediately terminate and the Loans hereunder (with accrued interest thereon) and all other amounts owing under this Agreement and the other
Loan Documents shall immediately become due and payable, and (B) if such event is any other Event of Default, then, with the consent of the Required Lenders, the applicable Administrative Agent may, or upon the request of the Required Lenders,
the applicable Administrative Agent shall, by notice to Parent and the applicable Borrowers, (i) declare the Loans hereunder (with accrued interest thereon) and all other amounts owing under this Agreement and the other Loan Documents to be due
and payable forthwith, whereupon the same shall immediately become due and payable and (ii) subject to the terms and conditions of the Intercreditor Agreements, any Senior Pari Passu Intercreditor Agreement, any Senior/Junior Intercreditor
Agreement and any other intercreditor arrangement entered into in connection with this Agreement, commence foreclosure actions with respect to the Collateral in accordance with the terms and procedures set forth in the Collateral Documents;
provided, further that during the continuance of any Event of Default arising from a failure to comply with Section 6.14, (A) solely upon the request of the Required Pro Rata Facility Lenders, either Term Loan A Agent or the
Revolver Administrative Agent shall, by notice to Parent, (1) declare the Revolving Credit Commitments, Term Loan A Commitments and the obligation of each Lender to make Revolving Credit Loans and Term A Loans to be terminated, whereupon the
same shall forthwith terminate, and (2) declare the Revolving Credit Loans, Term A Loans, all interest thereon and all other amounts payable under this Agreement in respect of such Revolving Loans and Term A Loans to be forthwith due and
payable, whereupon the Revolving Loans, Term A Loans and all such interest and all such amounts shall become and be forthwith due and payable, without presentment, demand, protest or further notice of any kind, all of which are hereby expressly
waived by the Borrowers and each Guarantor and (B) subject to the Financial Covenant Standstill, the Term Loan B Agent shall at the request, or may with the consent, of the Required Term B Lenders in respect of the Term Loan B Facility, by
notice to Parent, declare the Term B Loans, all interest thereon and all other amounts payable under this Agreement in respect of the Term B Loans to be forthwith due and payable, whereupon the Term B Loans, all such interest and all such amounts
shall become and be forthwith due and payable, without presentment, demand, protest or further notice of any kind, all of which are hereby expressly waived by the Borrowers and each Guarantor. 

7.2     Right to Cure. 

(a)       Financial Maintenance Covenant. Notwithstanding anything to the contrary
contained in Section 7.1, in the event that the Borrowers fail to comply with the Financial Maintenance Covenant as of the last day of any fiscal quarter for which such Financial Maintenance Covenant is tested, the Borrower shall have the right
to give written notice (the “Cure Notice”), on or prior to the 10th Business Day subsequent to the Cure Specified Date for such fiscal

  
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quarter, to the applicable Administrative Agents of the intent of Parent to issue Permitted Cure Securities for cash (collectively, the “Cure Right” and the amount of such
proceeds, the “Cure Amount”) after the Cure Specified Date for such fiscal quarter pursuant to the exercise by the Borrowers of such Cure Right, which exercise shall be made after such Cure Specified Date on or before the 10th Business Day subsequent to such Cure Specified Date, the Financial Maintenance Covenant shall be recalculated giving effect to the following adjustments on a Pro Forma Basis: 

(i)       Consolidated EBITDA shall be increased with respect to such
applicable fiscal quarter and any subsequent four quarter period that contains such fiscal quarter, solely for the purpose of measuring the Financial Maintenance Covenant and not for any other purpose under this Agreement, by an amount equal to the
Cure Amount; and 
 (ii)       if, after giving effect to the foregoing
recalculations, the Borrowers shall then be in compliance with the requirements of the Financial Maintenance Covenant, the Borrowers shall be deemed to have satisfied the requirements of such Financial Maintenance Covenant as of the relevant date of
determination with the same effect as though there had been no failure to comply therewith at such date, and the applicable breach or Default of such Financial Maintenance Covenant that had occurred shall be deemed cured for purposes of this
Agreement. 
 (b)     No Default. Notwithstanding anything herein to the contrary, (i) a
Default or Event of Default resulting solely from a failure to be in compliance with the Financial Maintenance Covenant shall not be deemed to exist from the end of the applicable fiscal quarter until the 10th Business Day after the applicable Cure Specified Date with respect to such fiscal quarter, (ii) to the extent a Cure Notice is delivered by the Borrowers within 10 Business Days after such Cure
Specified Date, a Default or Event of Default resulting solely from a failure to be in compliance with the Financial Maintenance Covenant shall not be deemed to exist from the end of the applicable fiscal quarter until the 10th Business Day after the applicable Cure Specified Date with respect to the applicable fiscal quarter and (iii) if the Cure Amount is not made within 10 Business Days after the applicable Cure
Specified Date with respect to the applicable fiscal quarter, each such Default or Event of Default referenced in clauses (i) and (ii) above shall be deemed reinstated as of the end of the applicable fiscal quarter, it being further agreed that
the Obligations shall bear interest at the Default Rate as applied in accordance with Section 2.15(b) as of the end of such applicable fiscal quarter. 

(c)     Revolver Borrowing Block. If a Default or Event of Default would have occurred and be
continuing had the Borrowers not had the option to exercise the Cure Right as set forth above and not exercised such Cure Right pursuant to the foregoing provisions, the Borrowers shall not be permitted, from the applicable Cure Specified Date with
respect to the applicable fiscal quarter, until such Default or Event of Default is cured in accordance with the terms of this Section 7.2, to request any Borrowings or the issuance of Letters of Credit under the Revolving Credit Commitments
(including any issuance or extension (including automatic renewals) of any Letter of Credit) or otherwise request any other credit extensions under this Agreement. 

(d)     Limitation on Exercise of Cure Right. Notwithstanding anything herein to the contrary,
(i) in each four fiscal quarter period, there shall be at least two fiscal quarters during 

  
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which the Cure Right is not exercised, (ii) the Cure Right may only be exercised five times during the term of this Agreement, (iii) the Cure Amount shall be no greater than the minimum
amount required to cause Borrower to be in compliance with the Financial Maintenance Covenant as of the end of the applicable fiscal quarter, (iv) all Cure Amounts shall be disregarded for purposes of determining any financial ratio based
conditions or any baskets with respect to the covenants contained in this Agreement, (v) there shall be no pro forma reduction in Indebtedness with the proceeds of any Cure Amount for determining compliance with the Financial Maintenance
Covenant in the quarter for which such Cure Right is exercised; provided that Cure Amounts shall reduce debt in future periods to the extent used to prepay the Loans, and (vi) there shall be no cash netting of the proceeds of any Cure
Amount. 
 7.3     Application of Funds. After the exercise of remedies provided for in
Section 7.1 (or after the Loans have automatically become immediately due and payable and the LC Exposure has automatically been required to be cash collateralized (in a manner consistent with Section 2.7(j))), any
amounts received on account of the Obligations shall, subject to the provisions of Sections 2.20 and 2.22, be applied by the Agents in the following order: 

First, to payment of that portion of the Obligations constituting fees, indemnities, expenses and other amounts
(including fees, charges and disbursements of counsel to the Agents and amounts payable under Sections 2.16 through 2.19) payable to the applicable Agent in its capacity as such; 

Second, to payment of that portion of the Obligations constituting fees, indemnities and other amounts (other than
principal, interest and fees in respect of Letters of Credit that are payable pursuant to Section 2.13(b)) payable to the Lenders and the Issuing Banks (including fees, charges and disbursements of counsel to the respective Lenders and the
Issuing Banks (including fees and time charges for attorneys who may be employees of any Lender or any Issuing Bank) and amounts payable under Sections 2.16 through 2.19), ratably among them in proportion to the respective amounts
described in this clause Second payable to them; 
 Third, to payment of that portion of the Obligations
constituting accrued and unpaid fees in respect of Letters of Credit that are payable pursuant to Section 2.13(b) and interest on the Loans, LC Exposure and other Obligations, ratably among the Lenders and the Issuing Banks in proportion to the
respective amounts described in this clause Third payable to them; 
 Fourth, to payment of that portion of
the Obligations constituting unpaid principal of the Loans, LC Disbursements, Cash Management Obligations, Obligations then owing under Specified Hedge Agreements, Obligations owing to the Revolver Administrative Agent for the account of the Issuing
Banks, to cash collateralize (in a manner consistent with Section 2.7(j)) that portion of the LC Exposure comprised of the aggregate undrawn amount of Letters of Credit, ratably among the Revolver Administrative Agent, the Lenders, the Issuing
Banks and Qualified Counterparties in proportion to the respective amounts described in this clause Fourth held by them; 

Last, the balance, if any, after all of the Obligations have been paid in full, to the Borrowers or as otherwise
required by Law. 

  
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 Subject to Section 2.7, amounts used to cash collateralize the
aggregate undrawn amount of Letters of Credit pursuant to clause Fourth above shall be applied to satisfy drawings under such Letters of Credit as they occur. If any amount remains on deposit as cash collateral after all Letters of Credit have
either been fully drawn or expired, such remaining amount shall be applied to the other Obligations, if any, in the order set forth above. 

Notwithstanding the foregoing, Cash Management Obligations and Obligations arising under Specified Hedge Agreements shall be
excluded from the application described above if the Collateral Agent has not received written notice thereof, together with such supporting documentation as the Collateral Agent may reasonably request, from the applicable Qualified Counterparty, as
the case may be. Each Qualified Counterparty that is not a party to this Agreement that has given the notice contemplated by the preceding sentence shall, by such notice, be deemed to have acknowledged and accepted the appointment of the Agents
pursuant to the terms of Section 8 hereof for itself and its Affiliates as if a “Lender” party hereto. Excluded Swap Obligations with respect to any Guarantor shall not be paid with amounts received from such Guarantor or its assets,
but appropriate adjustments shall be made with respect to payments from other Loan Parties to preserve the allocation to Obligations otherwise set forth above in this Section. 

Furthermore, notwithstanding the foregoing, any Lender (a “Declining Lender”) may from time to time
voluntarily disclaim its interest in one or more assets constituting Collateral by sending irrevocable notice to the Collateral Agent identifying such assets with specificity and containing an agreement by such Lender that such assets shall no
longer secure the Obligations owing to such Lender (any such asset, with respect to such Declining Lender, a “Declined Asset”). Delivery of such notice by any Declining Lender shall not affect or impair the security interest of any
other Secured Party with respect to such asset. Notwithstanding anything herein to the contrary, no proceeds or other amounts distributed on account of any Declined Asset (as a result of foreclosure or otherwise) shall be distributed to any
Declining Lender who has disclaimed an interest in such Declined Asset, and such proceeds or other amounts shall instead be distributed to each other Secured Party who is otherwise entitled to receive such proceeds or other amounts on the terms set
forth herein. For the avoidance of doubt, the effect of any Declining Lenders disclaiming a security interest in any Declined Asset shall be borne solely by such Declining Lenders, and such Declining Lenders shall not by virtue thereof be entitled
to a “true up” or otherwise be entitled to receive a greater than pro rata share of any other Collateral proceeds or other amounts distributed to the Secured Parties on account of the Obligations. 

SECTION 8. THE AGENTS 

8.1       Appointment. Each Lender hereby irrevocably designates and appoints Jefferies
(in its capacities as the Term Loan B Agent and Collateral Agent) and Rabobank (in its capacity as the Term Loan A Agent and the Revolver Administrative Agent) as the agents of such Lender under this Agreement and the other Loan Documents, and each
such Lender irrevocably authorizes the Agents, in such capacities, to take such action on its behalf under the provisions of this Agreement and the other Loan Documents and to exercise such powers and perform such duties as are expressly delegated
to the Agents by the terms of this Agreement and the other Loan Documents, together with such other powers as are reasonably incidental thereto. Without limiting the generality of the foregoing, each Lender hereby authorizes the Agents to enter into
each 

  
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Collateral Document and any intercreditor or subordination agreements contemplated hereby (including any Senior Pari Passu Intercreditor Agreement and any Senior/Junior Intercreditor Agreement)
on behalf of and for the benefit of the Lenders and the other Secured Parties and agrees to be bound by the terms thereof. Notwithstanding any provision to the contrary elsewhere in this Agreement, the Agents shall not have any duties or
responsibilities, except those expressly set forth herein, or any fiduciary relationship with any Lender, and no implied covenants, functions, responsibilities, duties, obligations or liabilities shall be read into this Agreement or any other Loan
Document or otherwise exist against the Agents. 
 8.2       Delegation of Duties. The
Agents may execute any of its duties under this Agreement and the other Loan Documents by or through agents or attorneys-in-fact and shall be entitled to advice of
counsel concerning all matters pertaining to such duties. The Agents shall not be responsible for the negligence or misconduct of any agents or attorneys-in-fact
selected by it with reasonable care. 
 8.3       Exculpatory Provisions. None of any
Agent, any Issuing Bank, nor any of their respective officers, directors, employees, agents, advisors, attorneys-in-fact or affiliates shall be (i) liable to any
other Credit Party for any action lawfully taken or omitted to be taken by it or such Person under or in connection with this Agreement or any other Loan Document (except to the extent that any of the foregoing are found by a final and nonappealable
decision of a court of competent jurisdiction to have resulted from its or such Person’s own gross negligence or willful misconduct) or (ii) responsible in any manner to any other Credit Party for any recitals, statements, representations
or warranties made by any Loan Party or any officer thereof contained in this Agreement or any other Loan Document or in any certificate, report, statement or other document referred to or provided for in, or received by the Agents or Issuing Banks
under or in connection with, this Agreement or any other Loan Document or for the value, validity, effectiveness, genuineness, enforceability or sufficiency of this Agreement or any other Loan Document or for any failure of any Loan Party a party
thereto to perform its obligations hereunder or thereunder. The Agents and the Issuing Banks shall not be under any obligation to any other Credit Party to ascertain or to inquire as to the observance or performance of any of the agreements
contained in, or conditions of, this Agreement or any other Loan Document, or to inspect the properties, books or records of any Loan Party. The Agents shall have no responsibility or liability for monitoring or enforcing the list of Disqualified
Lenders or for any assignment or participation to a Disqualified Lender. 
 8.4      
Reliance by the Agents. The Agents shall be entitled to rely, and shall be fully protected in relying, upon any instrument, writing, resolution, notice, consent, certificate, affidavit, letter, facsimile or email message, statement, order or
other document or conversation believed by it to be genuine and correct and to have been signed, sent or made by the proper Person or Persons and upon advice and statements of legal counsel (including counsel to Parent or the other Borrowers),
independent accountants and other experts selected by the Agents. The applicable Agent may deem and treat the payee of any Note as the owner thereof for all purposes unless a written notice of assignment, negotiation or transfer thereof shall have
been filed with the applicable Agent. The applicable Agent shall be fully justified in failing or refusing to take any action under this Agreement or any other Loan Document unless it shall first receive such advice or concurrence of the Required
Lenders (or, if so specified by this Agreement, all affected Lenders) 

  
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as it deems appropriate or it shall first be indemnified to its satisfaction by the Lenders against any and all liability and expense that may be incurred by it by reason of taking or continuing
to take any such action. The applicable Agent shall in all cases be fully protected in acting, or in refraining from acting, under this Agreement and the other Loan Documents in accordance with a request of the Required Lenders (or, if so specified
by this Agreement, all affected Lenders), and such request and any action taken or failure to act pursuant thereto shall be binding upon all the Lenders and all future holders of the Loans. 

8.5       Notice of Default. No Agent shall be deemed to have knowledge or notice of the
occurrence of any Default or Event of Default unless such Agent has received written notice from a Lender, Parent or any other Loan Party referring to this Agreement, describing such Default or Event of Default and stating that such notice is a
“notice of default”. In the event that any Agent receives such a notice, such Agent shall give notice thereof to the other Agents and the Lenders. Such Agent shall take such action with respect to such Default or Event of Default as shall
be reasonably directed by the Required Lenders (or, if so specified by this Agreement, all affected Lenders); provided, that unless and until such Agent shall have received such directions, such Agent may (but shall not be obligated to) take
such action, or refrain from taking such action, with respect to such Default or Event of Default as it shall deem advisable in the best interests of the Lenders. 

8.6       Non-Reliance on the Agents and Other
Lenders. Each Lender expressly acknowledges that neither any Agent nor any of their respective officers, directors, employees, agents, advisors, attorneys-in-fact or
Affiliates have made any representations or warranties to it and that no act by any Agent hereafter taken, including any review of the affairs of a Loan Party or any Affiliate of a Loan Party, shall be deemed to constitute any representation or
warranty by such Agent to any Lender. Each Lender represents to each Agent that it has, independently and without reliance upon any Agent or any other Lender, and based on such documents and information as it has deemed appropriate, made its own
appraisal of, and investigation into, the business, operations, property, financial and other condition and creditworthiness of the Loan Parties and their Affiliates and made its own decision to make its Loans hereunder and enter into this
Agreement. Each Lender also represents that it will, independently and without reliance upon any 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 credit
analysis, appraisals and decisions in taking or not taking action under this Agreement and the other Loan Documents, and to make such investigation as it deems necessary to inform itself as to the business, operations, property, financial and other
condition and creditworthiness of the Loan Parties and their Affiliates. Except for notices, reports and other documents expressly required to be furnished to the Lenders by an Agent hereunder, no Agent shall have any duty or responsibility to
provide any Lender with any credit or other information concerning the business, operations, property, condition (financial or otherwise), prospects or creditworthiness of any Loan Party or any Affiliate of a Loan Party that may come into the
possession of an Agent or any of its officers, directors, employees, agents, advisors, attorneys-in-fact or Affiliates. 

8.7       Indemnification. The Lenders agree to indemnify each Agent and its respective
officers, directors, employees, Affiliates, agents, advisors and controlling Persons (each, an “Agent Indemnitee”) (to the extent not reimbursed by Parent or the other Borrowers and without limiting

  
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any obligation of Parent or any other Borrower to do so), ratably according to their respective Aggregate Exposure Percentages in effect on the date on which indemnification is sought under this
Section 8.7 (or, if indemnification is sought after the date upon which the Commitments shall have terminated and the Loans shall have been paid in full, ratably in accordance with such Aggregate Exposure Percentages immediately prior to such
date), from and against any and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs and expenses or disbursements of any kind whatsoever that may at any time (whether before or after the payment of the Loans)
be imposed on, incurred by or asserted against such Agent Indemnitee in any way relating to or arising out of, the Commitments, this Agreement, any of the other Loan Documents or any documents contemplated by or referred to herein or therein or the
transactions contemplated hereby or thereby or any action taken or omitted by such Agent Indemnitee under or in connection with any of the foregoing; provided, that no Lender shall be liable for the payment of any portion of such liabilities,
obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements that are found by a final and nonappealable decision of a court of competent jurisdiction to have resulted from such Agent Indemnitee’s gross
negligence, bad faith or willful misconduct; provided, however, that no action taken in accordance with the directions of the Required Lenders (or such other number or percentage of the Lenders as shall be required by the Loan Documents)
shall be deemed to constitute gross negligence, bad faith or willful misconduct for purposes of this Section 8.7. The agreements in this Section 8.7 shall survive the termination of this Agreement and the payment of the Loans and all other
amounts payable hereunder. 
 8.8       The Agent in Its Individual Capacity. An Agent
and its affiliates may make loans to, accept deposits from and generally engage in any kind of business with any Loan Party as though such Agent were not an Agent hereunder or any other Loan Document. With respect to its Loans made or renewed by it
or with respect to any Letter of Credit issued or participated in by it, an Agent shall have the same rights and powers under this Agreement and the other Loan Documents as any Lender and may exercise the same as though it were not an Agent
hereunder, and the terms “Lender” and “Lenders” shall include such Agent in its individual capacity. 

8.9       Successor Agent. 

(a)       Any Agent may resign as an Administrative Agent or as the Collateral
Agent, as the case may be, upon 30 days’ notice to the Lenders and the applicable Borrowers. If the applicable Agent shall resign as an Administrative Agent and/or as the Collateral Agent, as the case may be, then the Required Lenders shall
appoint from among the Lenders a successor agent for the Lenders, which successor agent shall be subject to written approval by the applicable Borrowers (which approval shall not be unreasonably withheld or delayed if such successor is a commercial
bank with a combined capital and surplus of at least $5.0 billion and otherwise may be withheld in the applicable Borrowers’ sole discretion, which approval shall not be required during the continuance of a Specified Event of Default),
whereupon such successor agent shall succeed to the rights, powers and duties of the applicable Administrative Agent and/or as the Collateral Agent, as the case may be, and the terms “Term Loan A Agent”, “Term Loan B Agent”,
“Term Loan Administrative Agent”, “Revolver Administrative Agent”, “Administrative Agents”, “Collateral Agent” and “Agents”, as the case may be, shall mean such successor agent effective upon such
appointment and approval, and the former applicable 

  
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Agent’s rights, powers and duties as the applicable Agent shall be terminated, without any other or further act or deed on the part of such former applicable Agent or any of the parties to
this Agreement or any holders of the Loans. If no successor agent has been appointed as the applicable Agent by the date that is 30 days following a retiring Agent’s notice of resignation, the retiring Agent’s resignation shall
nevertheless thereupon become effective, and the Lenders shall assume and perform all of the duties of the applicable Agent hereunder until such time, if any, as the Required Lenders, subject to written approval by the applicable Borrowers (which
approval shall not be unreasonably withheld or delayed), appoint a successor agent as provided for above. After any retiring Agent’s resignation as the applicable Agent, the provisions of this Section 8 and of Section 9.5 shall
continue to inure to its benefit. 
 (b)       If the applicable Agent or a
controlling Affiliate thereof admits that it is insolvent or has become the subject of a Bankruptcy Event, it may be removed by the applicable Borrowers or the Required Lenders. The applicable Borrowers shall appoint from among the Lenders a
successor agent for the Lenders, which successor agent shall be subject to written approval by the Required Lenders (which approval shall not be unreasonably withheld or delayed), whereupon such successor agent shall succeed to the rights, powers
and duties of the applicable Agent, and the terms “Term Loan A Agent”, “Term Loan B Agent”, “Term Loan Administrative Agent”, “Revolver Administrative Agent”, “Administrative Agents”,
“Collateral Agent” and “Agents”, as the case may be, shall mean such successor agent effective upon such appointment and approval, and the former Agent’s rights, powers and duties as an Agent shall be terminated, without any
other or further act or deed on the part of such former Agent or any of the parties to this Agreement or any holders of the Loans. If no successor agent has been appointed as the applicable Agent by the date that is 10 days following an Agent’s
removal, such Agent’s removal shall nevertheless thereupon become effective, and the Lenders shall assume and perform all of the duties of the applicable Agent hereunder until such time, if any, as the applicable Borrowers, subject to written
approval by the Required Lenders (which approval shall not be unreasonably withheld or delayed), appoint a successor agent as provided for above. After any Agent’s replacement as an Agent hereunder, the provisions of this Section 8 and of
Section 9.5 shall continue to inure to its benefit. 
 8.10       Arrangers,
Documentation Agent and Syndication Agent. Notwithstanding any provision to the contrary contained elsewhere in this Agreement or in any other Loan Document, the Arrangers, the Documentation Agent and the Syndication Agent, in their
respective capacities, as such, shall not have any duties or responsibilities, nor shall any Arranger, the Documentation Agent or Syndication Agent have or be deemed to have any fiduciary relationship with any Lender, and no implied covenants,
functions, responsibilities, duties, obligations or liabilities shall be read into this Agreement or any other Loan Document or otherwise exist against any Arranger, the Documentation Agent and the Syndication Agent. 

8.11       Certain ERISA Matters 

(a)       Each Lender (x) represents and warrants, as of the date such
Person became a Lender party hereto, to, and (y) covenants, from the date such Person became a Lender party hereto to the date such Person ceases being a Lender party hereto, for the benefit of the Administrative Agent, and the Arranger and
their respective Affiliates, and not, for the 

  
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avoidance of doubt, to or for the benefit of the Borrower or any other Loan Party, that at least one of the following is and will be true: 

(i)       such Lender is not using “plan assets” (within the meaning
of Section 3(42) of ERISA or otherwise) of one or more Benefit Plans in connection with the Loans, the Letters of Credit or the Commitments, 

(ii)       the prohibited transaction exemption set forth in one or more PTEs,
such as PTE 84-14 (a class exemption for certain transactions determined by independent qualified professional asset managers), PTE 95-60 (a class exemption for certain
transactions involving insurance company general accounts), PTE 90-1 (a class exemption for certain transactions involving insurance company pooled separate accounts), PTE
91-38 (a class exemption for certain transactions involving bank collective investment funds) or PTE 96-23 (a class exemption for certain transactions determined by in-house asset managers), is applicable so as to exempt from the prohibitions of ERISA Section 406 and Code Section 4975 such Lender’s entrance into, participation in, administration of and
performance of the Loans, the Letters of Credit, the Commitments and this Agreement, 

(iii)      (A) such Lender is an investment fund managed by a “Qualified
Professional Asset Manager” (within the meaning of Part VI of PTE 84-14), (B) such Qualified Professional Asset Manager made the investment decision on behalf of such Lender to enter into, participate in,
administer and perform the Loans, the Letters of Credit, the Commitments and this Agreement, (C) the entrance into, participation in, administration of and performance of the Loans, the Letters of Credit, the Commitments and this Agreement
satisfies the requirements of sub-sections (b) through (g) of Part I of PTE 84-14 and (D) to the best knowledge of such Lender, the requirements of subsection
(a) of Part I of PTE 84-14 are satisfied with respect to such Lender’s entrance into, participation in, administration of and performance of the Loans, the Letters of Credit, the Commitments and
this Agreement, or 
 (iv)      such other representation, warranty and
covenant as may be agreed in writing between the Administrative Agent, in its sole discretion, and such Lender. 

(b)       In addition, unless either
(1) sub-clause (i) in the immediately preceding clause (a) is true with respect to a Lender or (2) a Lender has provided another representation, warranty and covenant in accordance with sub-clause (iv) in the immediately preceding clause (a), such Lender further (x) represents and warrants, as of the date such Person became a Lender party hereto, to, and (y) covenants, from the date
such Person became a Lender party hereto to the date such Person ceases being a Lender party hereto, for the benefit of, the Administrative Agent, and the Arranger and their respective Affiliates, and not, for the avoidance of doubt, to or for the
benefit of the Borrower or any other Loan Party, that none of the Administrative Agent, Arranger or any of their respective Affiliates is a fiduciary with respect to the assets of such Lender involved in the Loans, the Letters of Credit, the
Commitments and this Agreement 

  
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(including in connection with the reservation or exercise of any rights by the Administrative Agent under this Agreement, any Loan Document or any documents related to hereto or thereto). 

SECTION 9. MISCELLANEOUS 

9.1       Notices. All notices and other communications provided for herein shall be in
writing and shall be delivered by hand or overnight courier service, mailed by certified or registered mail or sent by facsimile, as follows: 

(i)       if to any of Parent or any other Borrower, to it at: 

Herbalife Nutrition Ltd. 

990 West 190th Street 

Torrance, CA 90502 

Attention: Richard Caloca, Vice President, Treasurer 

Telephone: (310) 851-2333 

Facsimile: (310) 767-3328 

E-mail: richardc@herbalife.com 

with, in the case of any Luxembourg Borrower, copies to it at: 

16 Avenue de la Gare 

L-1610 Luxembourg 

Telephone: 352 26 20 77 21 

Facsimile: 352 26 20 77 20 

Email: helened@herbalife.com 

with copies (which shall not constitute notice) to: 

Gibson, Dunn & Crutcher LLP 

2029 Century Park East 

Los Angeles, CA 90067 

Attention: Jonathan Layne; Cromwell Montgomery 

Facsimile: (310) 552-7053 

E-mail: JLayne@gibsondunn.com;
CMontgomery@gibsondunn.com 
 (ii)       if to the Term Loan B Agent
or Collateral Agent, to it at: 
 Jefferies Finance LLC 

520 Madison Avenue 

New York, NY 10022 

Attention: Account Manager — Herbalife 

Facsimile: (212) 284-3444 

Email: JFin.Admin@Jefferies.com 

  
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 (iii)       if to the Term
Loan A Agent or Revolver Administrative Agent, 
 (A)       in
connection with any Borrowing Request, Interest Election Request, or any payment or prepayment of the Obligations, to it at: 

Coöperatieve Rabobank U.A., New York Branch, 

Capital Markets and Agency ServicesAttention: Anna Marie Ybanez 

Telephone: (212) 574-7334 

Facsimile: (914) 304-9327 

E-mail: fm.am.SyndicatedLoans@rabobank.com with a copy to:

 AnnaMarie.Ybanez@rabobank.com and 

Ann.McDonough@rabobank.com; and 

(B)       in connection with any matter not enumerated in clause
(A) above, to it at: 
 Coöperatieve Rabobank U.A., New York Branch 

245 Park Avenue, New York, NY 10167 

Attn: Loan Syndications 

Telephone: (212) 574-7334 

Facsimile: (914) 304-9327 

E-mail: fm.am.SyndicatedLoans@rabobank.com with a copy to:

 AnnaMarie.Ybanez@rabobank.com and 

Ann.McDonough@rabobank.com; and 

(iv)       if to Rabobank, in its capacity as Issuing Bank, to it at: 

Coöperatieve Rabobank U.A., New York Branch 

Trade Finance Services 

Attention: Sandra Rodriguez 

Telephone: (212) 574-7315 

Facsimile: (914) 304-9329 

E-mail: 
RaboNYSBLC@rabobank.com with a copy to: 

Sandra.L.Rodriguez@rabobank.com 

(v) if to any other Lender or Issuing Bank, to it at its address (or facsimile number) set forth in its
Administrative Questionnaire. 
 All notices and other communications given to any party hereto, in accordance with the
provisions of this Agreement, shall be deemed to have been given on the date of receipt if delivered by hand or overnight courier service, or sent by fax or on the date five Business Days after dispatch by certified or registered mail if mailed, in
each case delivered, sent or mailed (properly addressed) to such party as provided in this Section 9.1, or in accordance with the latest unrevoked direction from such party given in accordance with this Section 9.1. As agreed to among the
Borrowers, the Agents and the applicable Lenders from time to time, notices and other communications may also 

  
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be delivered by e-mail to the e-mail address of a representative of the applicable Person provided from time to
time by such Person. 
 Each of Parent and each other Borrower hereby agrees, unless directed otherwise by the applicable
Agent or unless the electronic mail address referred to below has not been provided by the applicable Agent to Parent and the other Borrowers, that it will, and Parent will cause its Subsidiaries to, provide to the applicable Agent all information,
documents and other materials that it is obligated to furnish to the applicable Agent pursuant to the Loan Documents or to the Lenders under Section 5, including all notices, requests, financial statements, financial and other reports,
certificates and other information materials, but excluding any such communication that (a) is or relates to a Borrowing Request, a notice pursuant to Section 2.9, or a notice requesting the issuance, amendment, extension or renewal of a
Letter of Credit pursuant to Section 2.7, (b) relates to the payment of any principal or other amount due under this Agreement prior to the scheduled date therefor, (c) provides notice of any Default or Event of Default under this
Agreement or any other Loan Document or (d) is required to be delivered to satisfy any condition precedent to the effectiveness of this Agreement and/or any Borrowing or other extension of credit hereunder (all such nonexcluded communications
being referred to herein collectively as “Communications”), by transmitting the Communications in an electronic/soft medium that is properly identified in a format acceptable to the applicable Agent to an electronic mail address as
directed by the applicable Agent. In addition, Parent and the other Borrowers agree, and agree to cause Parent’s Subsidiaries, to continue to provide the Communications to the applicable Agent or the Lenders, as the case may be, in the manner
specified in the Loan Documents but only to the extent requested by the applicable Agent. 
 Each of Parent and each other
Borrower hereby acknowledges that (a) the applicable Administrative Agent will make available to the Lenders and the Issuing Banks materials and/or information provided by, or on behalf of, the applicable Borrowers hereunder (collectively, the
“Borrower Materials”) by posting the Borrower Materials on Intralinks or another similar electronic system (the “Platform”) and (b) certain of the Lenders may be “public-side” Lenders (i.e., Lenders
that wish to receive information and documentation that is publicly available or (y) does not contain MNPI (collectively, “Public Lender Information”)) (each, a “Public Lender”). Each of Parent and each other
Borrower hereby agrees that (i) all Borrower Materials that are to be made available to Public Lenders shall be clearly and conspicuously marked “PUBLIC” which, at a minimum, shall mean that the word “PUBLIC” shall appear
prominently on the first page thereof; (ii) by marking Borrower Materials “PUBLIC”, the applicable Borrowers shall be deemed to have authorized the applicable Administrative Agent and the Lenders to treat such Borrower Materials as
not containing any Private Lender Information (as defined below) (provided, that to the extent such Borrower Materials constitute Information, they shall be treated as set forth in Section 9.12); (iii) all Borrower Materials marked
“PUBLIC” are permitted to be made available through a portion of the Platform designated as “Public Investor”; and (iv) the applicable Administrative Agent shall be entitled to treat any Borrower Materials that are not
marked “PUBLIC” as being suitable only for posting on a portion of the Platform not marked as “Public Investor”. Notwithstanding the foregoing, the following Borrower Materials shall be deemed to be marked “PUBLIC”
unless the applicable Borrowers notify the applicable Administrative Agent promptly that any such document contains Private Lender Information: (A) the Loan Documents, (B) notification of changes in the terms of the Facilities and
(C) all information delivered pursuant 

  
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to Section 5.1 and Section 5.2(a). “Private Lender Information” means any information and documentation that is not Public Lender Information. 

Each Public Lender agrees to cause at least one individual at or on behalf of such Public Lender to at all times have selected
the “Private Side Information” or similar designation on the content declaration screen of the Platform in order to enable such Public Lender or its delegate, in accordance with such Public Lender’s compliance procedures and
applicable law, including United States Federal and state securities laws, to make reference to Communications that are not made available through the “Public Side Information” portion of the Platform and that may contain MNPI. 

THE PLATFORM IS PROVIDED “AS IS” AND “AS AVAILABLE.” NEITHER THE APPLICABLE ADMINISTRATIVE AGENT NOR ANY
OF ITS RELATED PARTIES WARRANTS THE ACCURACY OR COMPLETENESS OF THE COMMUNICATIONS OR THE ADEQUACY OF THE PLATFORM AND EACH EXPRESSLY DISCLAIMS LIABILITY FOR ERRORS OR OMISSIONS IN THE COMMUNICATIONS. NO WARRANTY OF ANY KIND, EXPRESS, IMPLIED OR
STATUTORY, INCLUDING ANY WARRANTY OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, NONINFRINGEMENT OF THIRD-PARTY RIGHTS OR FREEDOM FROM VIRUSES OR OTHER CODE DEFECTS IS MADE BY THE APPLICABLE ADMINISTRATIVE AGENT OR ANY OF ITS RELATED PARTIES
IN CONNECTION WITH THE COMMUNICATIONS OR THE PLATFORM. IN NO EVENT SHALL THE APPLICABLE ADMINISTRATIVE AGENT OR ANY OF ITS RELATED PARTIES HAVE ANY LIABILITY TO ANY LOAN PARTY, ANY LENDER OR ANY OTHER PERSON FOR DAMAGES OF ANY KIND, WHETHER OR NOT
BASED ON STRICT LIABILITY AND INCLUDING DIRECT OR INDIRECT, SPECIAL, INCIDENTAL OR CONSEQUENTIAL DAMAGES, LOSSES OR EXPENSES (WHETHER IN TORT, CONTRACT OR OTHERWISE) ARISING OUT OF ANY LOAN PARTY’S OR THE APPLICABLE ADMINISTRATIVE AGENT’S
TRANSMISSION OF COMMUNICATIONS THROUGH THE INTERNET, EXCEPT TO THE EXTENT THE LIABILITY OF ANY SUCH PERSON IS FOUND IN A FINAL RULING BY A COURT OF COMPETENT JURISDICTION TO HAVE RESULTED FROM SUCH PERSON’S GROSS NEGLIGENCE OR WILLFUL
MISCONDUCT. 
 The applicable Agent agrees that the receipt of the Communications by the applicable Agent at its electronic
mail address set forth above shall constitute effective delivery of the Communications to the applicable Agent for purposes of the Loan Documents. Each Lender agrees that receipt of notice to it (as provided in the next sentence) specifying that the
Communications have been posted to the Platform shall constitute effective delivery of the Communications to such Lender for purposes of the Loan Documents. Each Lender agrees to notify the applicable Administrative Agent in writing (including by
electronic communication) from time to time of such Lender’s electronic mail address to which the foregoing notice may be sent by electronic transmission and that the foregoing notice may be sent to such
e-mail address. Nothing herein shall prejudice the right of the applicable Agent or any Lender to give any notice or other communication pursuant to any Loan Document in any other manner specified in such Loan
Document. 

  
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 9.2       Waivers; Amendments.
(a) No failure or delay by the applicable Administrative Agent, any Issuing Bank or any Lender in exercising any right or power hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of any such right or power, or
any abandonment or discontinuance of steps to enforce such a right or power, preclude any other or further exercise thereof or the exercise of any other right or power. The rights and remedies of the applicable Administrative Agent, each Issuing
Bank and the Lenders hereunder are cumulative and are not exclusive of any rights or remedies that they would otherwise have. No waiver of any provision of this Agreement or consent to any departure by Parent or any other Borrower therefrom shall in
any event be effective unless the same shall be permitted by paragraph (b) of this Section 9.2, and then such waiver or consent shall be effective only in the specific instance and for the purpose for which given. Without limiting the
generality of the foregoing, the making of a Loan or issuance of a Letter of Credit shall not be construed as a waiver of any Default, regardless of whether the applicable Administrative Agent, any Issuing Bank or any Lender may have had notice or
knowledge of such Default at the time. 
 (b)       None of this Agreement,
any other Loan Document or any provision hereunder or thereunder may be waived, amended or modified except pursuant to an agreement or agreements in writing entered into by the applicable Borrowers and the Required Lenders or by the applicable
Borrowers and the applicable Administrative Agent with the consent of the Required Lenders; provided, that, notwithstanding the foregoing, solely with the written consent of each Lender directly and adversely affected thereby (but without the
necessity of obtaining the consent of the Required Lenders), any such agreement may: 

(1)       increase the Commitment of any Lender; 

(2)       reduce or forgive the principal amount of any Loan or LC Disbursement
or reduce the rate of interest thereon, or reduce any fees or premiums payable hereunder (except in connection with the waiver of applicability of any post-Default increase in interest rates (which waiver shall be effective with the consent of the
Required Revolving Lenders, Required Term A Lenders and/or Required Term B Lenders of each directly and adversely affected Facility)), provided, that any change in any definition applicable to any ratio used in the calculation of any rate of
interest or fee shall not constitute a reduction in any rate of interest or fee; 

(3)       postpone the scheduled date of payment of the principal amount of any
Loan or LC Disbursement, or any interest thereon, or any fees or premiums payable hereunder, or reduce the amount of, waive or excuse any such payment, or postpone the scheduled date of expiration of any Commitment; it being understood that the
waiver of any Default, mandatory prepayment or mandatory reduction of Commitments shall not constitute a postponement of the scheduled date of payment of principal of any Loan or expiration of any Commitment of any Lender; 

(4)       impose additional restrictions on the ability of any Lender to assign
any of its rights and obligations hereunder; 

  
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 (5)       change
Section 2.20(b) or (c) or Section 7.3 in a manner that would alter the pro rata sharing of payments required thereby, or change the application of proceeds provision in any Collateral Document (or the corresponding
provision in any intercreditor agreement (including any Senior Pari Passu Intercreditor Agreement and any Senior/Junior Intercreditor Agreement)); 

(6)       change any of the provisions of this Section 9.2 or the
definition of “Required Lenders”, “Required Term Lenders”, “Required Term A Lenders”, “Required Term B Lenders”, “Required Revolving Lenders”, “Required Pro Rata Facility Lenders” or any
other provision hereof specifying the number or percentage of Lenders required to waive, amend or modify any rights hereunder or grant any consent hereunder; or 

(7)       except as otherwise expressly provided in Section 9.15, release
all or substantially all of the Collateral or release Guarantors from their guarantee obligations under the Guaranties representing all or substantially all of the value of such guarantees, taken as a whole; 

provided, further that no such agreement shall amend, modify or otherwise affect the rights or duties of the applicable
Administrative Agent or any Issuing Bank hereunder in a manner adverse to the applicable Administrative Agent or such Issuing Bank, as the case may be, without the prior written consent of the applicable Administrative Agent or such Issuing Bank, as
the case may be. Notwithstanding the foregoing, (i) amendments, waivers or other modifications may be made to any condition precedent to the extension of Revolving Credit Loans (or deemed extensions of Revolving Credit Loans) under the
Revolving Credit Facility of the same Class with only the written consent of the Required Revolving Lenders (or by the Revolver Borrowers and the Revolver Administrative Agent with the consent of the Required Revolving Lenders) of such Class,
(ii) amendments, waivers and other modifications may be made to Sections 6.14, 7.1(c), 7.1(e) and 7.2 (and definitions to the extent relating to such Sections) (including, for the avoidance of doubt, the amendment, waiver, termination or other
modification of a Financial Covenant Event of Default) with only the written consent of the Required Pro Rata Facility Lenders and (iii) amendments, waivers and other modifications to the provisions of any Loan Document in a manner that by its
terms adversely affects the rights or obligations of Lenders holding Loans or Commitments of a particular Class (but not the rights or obligations of Lenders holding Loans or Commitments of any other Class) will require only the prior written
consent of Lenders holding the requisite percentage under this Section 9.2(b) of the outstanding Loans and unused Commitments of such Class (as if such Class were the only Class of Loans and Commitments then outstanding under this
Agreement), Parent and the Borrowers. 
 (c)       Notwithstanding anything
to the contrary contained in this Section 9.2, the applicable Administrative Agent and the applicable Borrowers, in their sole discretion and without the consent or approval of any other party, may amend, modify or supplement any provision of
this Agreement or any other Loan Document to (i) amend, modify or supplement such provision or cure any ambiguity, omission, mistake, error, defect or inconsistency, and such amendment, modification or supplement shall become effective without
any further action 

  
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or consent of any other party to any Loan Documents if the same is not objected to in writing by the Required Lenders within five Business Days following receipt of notice thereof
(provided, that, if the Required Lenders make such objection in writing, such amendment, modification or supplement shall not become effective without the consent of the Required Lenders), and (ii) to permit additional affiliates of any
Borrower to guarantee the Obligations and/or provide Collateral therefor. Such amendments shall become effective without any further action or consent of any other party to any Loan Document. 

(d)       Notwithstanding anything in this Agreement or any other Loan Document
to the contrary, no Lender consent is required to effect any amendment or supplement to any Senior Pari Passu Intercreditor Agreement or any Senior/Junior Intercreditor Agreement or any other intercreditor arrangements entered into pursuant to this
Agreement (i) that is for the purpose of adding the holders of Permitted Pari Passu Secured Refinancing Debt or Permitted Junior Secured Refinancing Debt, Incremental Equivalent Debt or any Refinancing Indebtedness in respect of any of the
foregoing (or a Senior Representative with respect thereto) as parties thereto, as expressly contemplated by the terms of such Senior Pari Passu Intercreditor Agreement or such Senior/Junior Intercreditor Agreement or such other intercreditor
arrangement, as applicable (it being understood that any such amendment or supplement may make such other changes to the applicable intercreditor agreement as, in the good faith determination of the applicable Administrative Agent, are required to
effectuate the foregoing; provided, that such other changes are not adverse, in any material respect, to the interests of the Lenders) or (ii) that is expressly contemplated by such Senior Pari Passu Intercreditor Agreement or such
Senior/Junior Intercreditor Agreement or any such other intercreditor arrangements, as applicable (it being understood that any such amendment or supplement may make such other changes to the applicable intercreditor agreement as, in the good faith
determination of the applicable Administrative Agent, are required to effectuate the foregoing; provided, that such other changes are not adverse, in any material respect, to the interests of the Lenders); provided, further,
that no such agreement shall directly and adversely amend, modify or otherwise affect the rights or duties of the applicable Administrative Agent hereunder or under any other Loan Document without the prior written consent of the applicable
Administrative Agent. 
 (e)       Notwithstanding anything in this Agreement
or any other Loan Document to the contrary, the applicable Borrowers may enter into Incremental Facility Amendments in accordance with Section 2.23, Replacement Facility Amendments in accordance with Section 2.24 and Extension Amendments
in accordance with Section 2.25 and joinder agreements with respect thereto in accordance with such sections, and such Incremental Facility Amendments, Replacement Facility Amendments and Extension Amendments and joinder agreements may effect
such amendments to the Loan Documents or such intercreditor agreements as may be necessary or appropriate, in the opinion of the applicable Administrative Agent and the applicable Borrowers, to give effect to the existence and the terms of the
Incremental Facility, Replacement Facility or Extension, as applicable, and will be effective to amend the terms of this Agreement and the other applicable Loan Documents (including to permit the extensions of credit from time to time outstanding
thereunder and the accrued interest and fees in respect thereof to share ratably in the benefits of this Agreement and the other applicable Loan Documents with the other Term Loans and Revolving Credit Loans, as

  
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applicable and the accrued interest and fees in respect thereof and to include appropriately the Lenders holding such credit facilities in any determination of the Required Lenders and to reflect
the junior ranking as to right of payment or security of any Incremental Facility or Replacement Facility permitted to be incurred under this Agreement), in each case, without any further action or consent of any other party to any Loan Document.

 (f)       Notwithstanding the foregoing, this Agreement may be amended (or
amended and restated) with the written consent of the Required Lenders, the applicable Administrative Agent and the applicable Borrowers (and no other party to this Agreement) (i) to add one or more additional credit facilities to this
Agreement and to permit the extensions of credit from time to time outstanding thereunder and the accrued interest and fees in respect thereof to share in the benefits of this Agreement and the other Loan Documents with the Term Loans and Revolving
Credit Exposure and the accrued interest and fees in respect thereof and (ii) to include appropriately the Lenders holding such credit facilities in any determination of the Required Lenders, Required Revolving Lenders, Required Term A Lenders
and/or Required Term B Lenders, as conclusively determined by the applicable Administrative Agent in consultation with the applicable Borrowers. 

(g)       Notwithstanding anything to the contrary contained in this
Section 9.2 or any other Loan Document, guarantees, collateral security documents and related documents executed by Subsidiaries in connection with this Agreement may be in a form reasonably determined by the applicable Administrative Agent and
may be, together with this Agreement, amended and waived with the consent of the applicable Administrative Agent at the request of the applicable Borrowers without the need to obtain the consent of any other Lender if such amendment or waiver is
delivered in order (i) to comply with local Requirements of Law or advice of local counsel, (ii) to cure ambiguities or defects or (iii) to cause such guarantee, collateral security document or other document to be consistent with
this Agreement or any other Loan Documents. In addition, if the applicable Administrative Agent and the applicable Borrowers shall have jointly identified an obvious error or any error or omission of a technical nature in this Agreement or any other
Loan Document, then the applicable Administrative Agent and the applicable Borrowers shall be permitted to amend such provision without further action or consent by any other party; provided that the Required Lenders shall not have objected to such
amendment within five Business Days after receiving a copy thereof. 

(h)       Notwithstanding anything to the contrary contained in this
Section 9.2 or any other Loan Document, this Agreement may be amended (or amended and restated) without the written consent of any Lender (except for any Lender that will hold any portion of such new Term Loans) in order to effect any Repricing
Event described in clause (a) of the definition thereof in the form of a new tranche of Term Loans under this Agreement. 

(i)       Notwithstanding the foregoing, this Agreement may be amended to
increase the LC Sublimit with the written consent of the Issuing Banks and the Revolver Administrative Agent. 

9.3       Expenses; Indemnity; Damage Waiver. (a) The Borrowers shall pay
(i) all reasonable and documented out-of-pocket expenses incurred by the Agents, the Documentation 

  
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Agent, the Syndication Agent and their respective Affiliates, including the reasonable fees, disbursements and other charges of legal counsel for the applicable Agent, in connection with the
syndication of the credit facilities provided for herein, the preparation and administration of this Agreement or any amendments, modifications or waivers of the provisions hereof, (ii) all reasonable out-of-pocket expenses incurred by any Issuing Bank in connection with the issuance, amendment, renewal or extension of any Letter of Credit or any demand for payment thereunder and (iii) all out-of-pocket expenses incurred by the applicable Administrative Agent or any Lender or Issuing Bank, including the fees, charges and disbursements of legal counsel for the
applicable Administrative Agent or any Lender or Issuing Bank, in connection with the enforcement or protection of its rights in connection with this Agreement, including its rights under this Section 9.3(a), including all such out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect of such Loans or Letters of Credit; provided, that the Borrowers’
obligations under this Section 9.3(a) for fees and expenses of legal counsel shall be limited to fees and expenses of (x) one primary outside legal counsel for all Persons described in clauses (i), (ii) and (iii) above, taken as
a whole, (y) in the case of any actual or perceived conflict of interest, one outside legal counsel for each group of affected Persons similarly situated, taken as a whole, in each appropriate jurisdiction and (z) if necessary, one local
or foreign legal counsel in each appropriate jurisdiction (which may include a single special counsel acting in multiple jurisdictions). 

(b)       The Borrowers shall indemnify the Agents, the Arrangers, each Lender,
each Issuing Bank, and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities, costs and
related expenses (including the reasonable and documented out-of-pocket fees, charges and disbursements of (i) one primary outside legal counsel to the Indemnitees,
taken as a whole, (ii) in the case of any actual or perceived conflict of interest where the Indemnitees affected by such conflict informs the Borrowers of such conflict and thereafter retains their own counsel, one additional outside legal
counsel for each group of affected Indemnitees similarly situated, taken as a whole, in each appropriate jurisdiction and (iii) if necessary, one local or foreign legal counsel in each appropriate jurisdiction (which may include a single
special counsel acting in multiple jurisdictions)), which may at any time be imposed on, incurred by or asserted or awarded against any such Indemnitee arising out of, in connection with, or as a result of (w) the execution or delivery of this
Agreement or any agreement or instrument contemplated hereby, the performance by the parties hereto of their respective obligations hereunder or the consummation of the Transactions or any other transactions contemplated hereby, (x) any Loan or
Letters of Credit or the use of the proceeds therefrom (including any refusal by any Issuing Bank to honor a demand for payment under a Letter of Credit if the documents presented in connection with such demand do not strictly comply with the terms
of such Letter of Credit), (y) any actual or alleged presence or Release of Hazardous Materials on or from any property owned or operated by Parent or any of Parent’s Subsidiaries (including any predecessor entities), or any Environmental
Liability relating to Parent or any of Parent’s Subsidiaries (including any predecessor entities), or (z) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract,
tort or any other theory and regardless of whether any Indemnitee is a party thereto and whether or not such claim, litigation, investigation or proceeding is brought by Parent, any other Borrower or any of their respective Affiliates, their

  
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respective creditors or any other Person; provided, that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related
expenses (1) are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from the gross negligence, bad faith or willful misconduct of such Indemnitee or its Related Parties, (2) arise out of
any claim, litigation, investigation or proceeding that does not involve an act or omission by Parent or any of Parent’s Subsidiaries and that is brought by an Indemnitee against any other Indemnitee (provided, that in the event of such
a claim, litigation, investigation or proceeding involving a claim or proceeding brought against any Agent or any Arranger (in either case, in its capacity as such) by other Indemnitees, such Agent or such Arranger, as the case may be (in its
capacity as such), shall be entitled (subject to the other limitations and exceptions set forth above) to the benefit of the indemnities set forth above), (3) arise from any settlement entered into by any Indemnitee or any of its Related Parties in
connection with the foregoing without any Borrower’s prior written consent (such consent not to be unreasonably withheld or delayed), or (4) are in respect of indemnification payments made pursuant to Section 8.7, to the extent the
Borrowers would not have been or was not required to make such indemnification payments directly pursuant to the provisions of this Section 9.3(b). This Section 9.3(b) shall not apply with respect to Taxes other than any Taxes that
represent losses, claims, damages, etc., arising from any non-Tax claim. 

(c)       To the extent permitted by applicable law, none of Parent, any other
Borrower or any Indemnitee shall assert, and each of Parent, each other Borrower and each Indemnitee hereby waives, any claim against Parent, each other Borrower or any Indemnitee, on any theory of liability, for special, indirect, consequential or
punitive damages (as opposed to direct or actual damages) (whether or not the claim therefor is based on contract, tort or duty imposed by any applicable legal requirement) arising out of, in connection with, as a result of, or in any way related
to, this Agreement or any agreement or instrument contemplated hereby, the Transactions, any Loan or Letters of Credit or the use of the proceeds thereof or any act or omission or event occurring in connection therewith, and, to the extent permitted
by applicable law, Parent and each other Borrower and each Indemnitee hereby waive, release and agree not to sue upon any such claim or any such damages, whether or not accrued and whether or not known or suspected to exist in its favor; provided,
that nothing contained in this paragraph shall limit the obligations of the Borrowers under Section 9.3(b) in respect of any such damages claimed against the Indemnitees by Persons other than Indemnitees. 

(d)       All amounts due under this Section 9.3 shall be payable not
later than 30 days after written demand therefor. 
 (e)      
Notwithstanding the foregoing, each Indemnitee shall be obligated to refund and return any and all amounts paid by the Borrowers to such Indemnitee for fees, expenses or damages to the extent such Indemnitee is not entitled to payment of such
amounts in accordance with the terms hereof, as determined by a final, non-appealable judgment of a court of competent jurisdiction. 

9.4       Successors and Assigns. (a) The provisions of this Agreement shall be
binding upon and inure to the benefit of the parties hereto and their respective successors and assigns permitted hereby (including any Affiliates of any Issuing Bank that issues any Letter of Credit),

  
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except that (i) except as otherwise expressly provided in Section 6.4, no Borrower may assign or otherwise transfer any of its rights or obligations hereunder without the prior written
consent of each Lender (and any attempted assignment or transfer by the applicable Borrower without such consent shall be null and void) and (ii) no Lender may assign or otherwise transfer its rights or obligations hereunder except in
accordance with this Section 9.4. Nothing in this Agreement, expressed or implied, shall be construed to confer upon any Person (other than the parties hereto, their respective successors and assigns permitted hereby (including any Affiliates
of any Issuing Bank that issues any Letter of Credit), Participants (to the extent provided in paragraph (c) of this Section 9.4) and, to the extent expressly contemplated hereby, the Related Parties of each of the Administrative Agents,
each Issuing Bank and the Lenders) any legal or equitable right, remedy or claim under or by reason of this Agreement. 

(b)       (i) Subject to the conditions set forth in paragraph (b)(ii) of
this Section 9.4, any Lender may assign to one or more Eligible Assignees all or a portion of its rights and obligations under this Agreement (including all or a portion of its Commitment and the Loans at the time owing to it) with the prior
written consent (each such consent not to be unreasonably withheld, delayed or conditioned) of: 

(A)       the applicable Borrowers; provided, that no consent of the applicable
Borrowers shall be required (i) during the primary syndication of the Term Loans, Revolving Credit Commitments and Revolving Credit Loans and (ii) for an assignment to a Lender, an Affiliate of a Lender, an Approved Fund (in the case of an
assignment of Revolving Credit Commitments or Revolving Credit Loans, only if such Lender, Affiliate of a Lender or Approved Fund is a Revolving Credit Lender, an Affiliate of a Revolving Credit Lender or an Approved Fund in respect of a Revolving
Credit Lender, respectively, and in the case of an assignment of Term Loan A Commitments, Term Loan B Commitments or Term Loans, only if such Lender, Affiliate of a Lender or Approved Fund is a Term Loan Lender, an Affiliate of a Term Loan Lender or
an Approved Fund in respect of a Term Loan Lender, respectively) or a Purchasing Borrower Party or, if a Specified Event of Default has occurred and is continuing, any other Eligible Assignee; provided, further, that (x) the
applicable Borrowers shall be deemed to have consented to any such assignment unless the Borrower shall have objected thereto by written notice to the applicable Administrative Agent not later than the tenth Business Day following the date a written
request for such consent is made and (y) the withholding of consent by the applicable Borrowers to any assignment to any Disqualified Lender shall be deemed reasonable (for the avoidance of doubt, it being understood and agreed that the
applicable Administrative Agent shall not have any responsibility or obligation to determine or notify the applicable Borrowers with respect to whether any Lender or potential Lender or Participant is a Disqualified Lender and the applicable
Administrative Agent shall have no liability with respect to any assignment or participation of Loans or disclosure of confidential information to a Disqualified Lender); 

(B)       the applicable Administrative Agent; and 

  
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 (C)       each Issuing Bank,
provided that the consent of the Issuing Banks shall not be required for an assignment of all or any portion of a Term Loan. 

(ii)       Assignments shall be subject to the following additional conditions:

 (A)       except in the case of an assignment of the entire remaining
amount of the assigning Lender’s Commitments or Loans of any Class, the amount of the Commitments or Loans of the assigning Lender subject to each such assignment (determined as of the date the Assignment and Assumption with respect to such
assignment is delivered to the applicable Administrative Agent) shall not be less than $1.0 million (or $5.0 million in the case of Revolving Credit Commitments) unless each of the applicable Borrowers and the applicable Administrative
Agent otherwise consent; provided, that no such consent of the applicable Borrowers shall be required if a Specified Event of Default has occurred and is continuing; 

(B)       each partial assignment with respect to a Class shall be made as
an assignment of a proportionate part of all the assigning Lender’s rights and obligations under this Agreement with respect to such Class; provided, that this clause shall not be construed to prohibit the assignment of a proportionate
part of all the assigning Lender’s rights and obligations in respect of one Class of Commitments or Loans; 

(C)       the parties to each assignment shall (1) execute and deliver to
the applicable Administrative Agent an Assignment and Assumption via an electronic settlement system acceptable to the applicable Administrative Agent or (2) if previously agreed with the applicable Administrative Agent, manually execute and
deliver to the applicable Administrative Agent an Assignment and Assumption, in each case, together with (unless waived or reduced by the applicable Administrative Agent in its sole discretion) a processing and recordation fee of $3,500; 

(D)       the assignee, if it shall not be a Lender, shall deliver to the
applicable Administrative Agent an 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 Parent, each other Borrower, the Loan Parties and 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 and any applicable tax forms; and 

(E)       any assignment of any Loans to a Purchasing Borrower Party shall be
subject to the requirements of Sections 9.4(e) through (h), as applicable, and, in the case of Purchasing Borrower Parties, with respect to Dutch Auctions, Section 2.12(f). 

(iii)      Subject to acceptance and recording thereof pursuant to
paragraph (b)(iv) of this Section 9.4, from and after the effective date specified in 

  
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each Assignment and Assumption the assignee thereunder shall be a party hereto and, to the extent of the interest assigned by such Assignment and Assumption, have the rights and obligations of a
Lender under this Agreement, and the assigning Lender thereunder shall, to the extent of the interest assigned by such Assignment and Assumption, be released from its obligations under this Agreement (and, in the case of an Assignment and Assumption
covering all of the assigning Lender’s rights and obligations under this Agreement, such Lender shall cease to be a party hereto but shall continue to be entitled to the benefits, and subject to the obligations, of Sections 2.17, 2.18,
2.19 and 9.3). Any assignment or transfer by a Lender of rights or obligations under this Agreement that does not comply with this Section 9.4 shall be treated for purposes of this Agreement as a sale by such Lender of a participation in such
rights and obligations in accordance with paragraph (c) of this Section 9.4. 

(iv)       The applicable Administrative Agent, acting solely for this purpose
as a non-fiduciary agent of the applicable Borrowers, shall maintain at one of its offices in the United States a copy of each Assignment and Assumption delivered to it and a register for the recordation of
the names and addresses of the Lenders, and the Commitment of, and principal amount (and, as applicable, stated interest) of the Loans and LC Disbursements 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 applicable Borrowers, the applicable Administrative Agent, each Issuing Bank 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, notwithstanding notice to the contrary. The Register shall be available for inspection by the applicable Borrowers, any Issuing Bank and any
Lender, at any reasonable time and from time to time upon reasonable prior notice. 

(v)       Upon its receipt of a duly completed Assignment and Assumption, in
each case executed by an assigning Lender and an assignee, the assignee’s completed Administrative Questionnaire (unless such assignee shall already be a Lender hereunder), the processing and recordation fee referred to in paragraph (b) of
this Section 9.4 and any written consent to such assignment required by paragraph (b) of this Section 9.4 and any applicable tax forms, the applicable Administrative Agent shall accept such Assignment and Assumption and record the
information contained therein in the Register; provided, that if either the assigning Lender or the assignee shall have failed to make any payment required to be made by it pursuant to 2.7(d), 2.7(e), 2.8(b), 2.20(d) or 8.7, the applicable
Administrative Agent shall have no obligation to accept such Assignment and Assumption and record the information therein in the Register unless and until such payment shall have been made in full, together with all accrued interest thereon. No
assignment shall be effective for purposes of this Agreement unless it has been recorded in the Register as provided in this paragraph. 

(c)       (i) Any Lender may, without the consent of the applicable Borrowers
or the applicable Administrative Agent or any Issuing Bank, sell participations to one or more 

  
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banks or other entities (other than any natural Person, Parent or any Subsidiary of Parent and any Disqualified Lender (to the extent that a list of Disqualified Lenders has been made available
to all relevant Lenders) (a “Participant”) in all or a portion of such Lender’s rights and obligations under this Agreement (including all or a portion of its Commitment and the Loans owing to it); provided, that
(A) such Lender’s obligations under this Agreement shall remain unchanged, (B) such Lender shall remain solely responsible to the other parties hereto for the performance of such obligations and (C) the applicable Borrowers, the
applicable Administrative Agent, each Issuing Bank and the other Lenders shall continue to deal solely and directly with such Lender in connection with such Lender’s rights and obligations under this Agreement. 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 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, modification or waiver described in clauses (2) through (4) of the first proviso to Section 9.2(b) that
adversely affects the Participant. The applicable Borrowers agree that, subject to paragraph (c)(ii) and (c)(iii) of this Section 9.4, each Participant shall be entitled to the benefits of Sections 2.17, 2.18 and 2.19 (and subject to the
requirements and limitations of such Sections) (it being understood that the documentation required under Section 2.19(e) shall be delivered to the participating Lender) to the same extent as if it were a Lender and had acquired its interest by
assignment pursuant to paragraph (b) of this Section 9.4. To the extent permitted by law, each Participant also shall be entitled to the benefits of Section 9.8 as though it were a Lender; provided, that such Participant agrees
to be subject to Section 2.20(c) as though it were a Lender. Each Lender that sells a participation shall, acting solely for this purpose as a non-fiduciary agent of the applicable Borrowers, 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 Loans or other obligations under this Agreement or any other Loan Document (the
“Participant Register”); provided, that no Lender shall have any obligation to disclose all or any portion of the Participant Register to any Person (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) except to the extent that such disclosure is necessary to establish that such Commitment, Loan, Letter of Credit or other
obligation is in registered form under United States Treasury Regulations Section 5f.103-1(c) and proposed United States Treasury Regulations
Section 1.163-5(b) (or any amended or successor version). 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, including payments of interest and principal, notwithstanding any notice to the contrary. For the avoidance of doubt, the applicable Administrative
Agent (in its capacity as an Administrative Agent) shall have no responsibility for maintaining a Participant Register. 

(ii)       A Participant shall not be entitled to receive any greater payment
under Section 2.17, 2.18 or 2.19, with respect to any participation sold to such Participant, than its participating Lender would have been entitled to receive (except to the extent such entitlement to receive a greater payment results from a
Change in Law that occurs after the Participant acquired the participation) with 

  
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respect to the participation sold to such Participant, unless the applicable Borrowers are notified of the participation sold to such Participant and the sale of the participation to such
Participant is made with the applicable Borrowers’ prior written consent expressly acknowledging such Participant may receive a greater payment and such Participant agrees to comply with Section 2.21 as if it was a Lender. A Participant
shall not be entitled to the benefits of Section 2.19 unless such Participant agrees, for the benefit of the applicable Borrowers, to comply (and actually complies) with Section 2.19(e) as though it were a Lender (it being understood that
the documentation required under Section 2.19(e) shall be delivered to the participating Lender). 

(iii)       A Participant agrees to be subject to the provisions of
Section 2.21 as if it were an assignee under paragraph (b) of this Section 9.4. 

(iv)       Each Lender that sells a participation agrees, at the applicable
Borrowers’ request and expense, to use reasonable efforts to cooperate with the applicable Borrowers to effectuate the provisions of Section 2.21(b) with respect to any Participant. 

(v)       No participation may be sold to any Purchasing Borrower Party. 

(d)       Any Lender may at any time pledge or assign a security interest in
all or any portion of its rights under this Agreement to secure obligations of such Lender, including any pledge or assignment to secure obligations to a Federal Reserve Bank, and this Section 9.4 shall not apply to any such pledge or
assignment of a security interest; provided, that no such pledge or assignment of a security interest shall release a Lender from any of its obligations hereunder or substitute any such pledgee or assignee for such Lender as a party hereto.

 (e)       [reserved]. 

(f)       [reserved]. 

(g)      Notwithstanding anything else to the contrary contained in this
Agreement, any Lender may assign all or a portion of its Term Loans to any Purchasing Borrower Party in accordance with Section 9.4(b); provided, that: 

(i)       such assignment shall be made pursuant to a Dutch Auction open to all
Lenders of the applicable Class on a pro rata basis pursuant to the Dutch Auction Procedures set forth in Section 2.12(f) or by way of an open market purchase; provided, that in the case of any open market purchases,
at the time of such assignment and after giving effect to such assignment, such assignments will not exceed, in the aggregate, 25.0% of the principal amount of all Term Loans then outstanding at such time (it being understood that, solely for
purposes of this proviso, any Term Loans previously purchased and cancelled pursuant to this Section 9.4(g) shall be deemed outstanding at such time); 

  
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 (ii)       any Term Loans
assigned to any Purchasing Borrower Party shall be automatically and permanently cancelled upon the effectiveness of such assignment and will thereafter no longer be outstanding for any purpose hereunder; 

(iii)      immediately after giving effect to any such purchase, no Default or
Event of Default shall exist; 
 (iv)      the applicable Assignment and
Assumption shall include a customary “big boy” representation from each of the Purchasing Borrower Party and the assignee or assignor, as the case may be (it being agreed that no Purchasing Borrower Party shall be required to make a
representation as to absence of MNPI); 
 (v)       the aggregate outstanding
principal amount of the Term Loans of the applicable Class shall be deemed reduced by the full par value of the aggregate principal amount of the Term Loans purchased pursuant to this Section 9.4(g) and each principal repayment installment
with respect to the Term Loans of such Class shall be reduced pro rata by the aggregate principal amount of Term Loans purchased; and 

(vi)      the applicable Borrower(s) shall not, in any event, use proceeds from
any Loans made under the Revolving Credit Facility to fund any such assignment. 

(h)       Notwithstanding anything to the contrary contained herein, no
Purchasing Borrower Party shall have any right (in their capacity as a Lender) to (i) attend (including by telephone) any meeting or discussions (or portion thereof) attended solely by the applicable Administrative Agent and any Lenders or
(ii) receive any information or material prepared by the applicable Administrative Agent or any Lender or any communication by or among applicable Administrative Agent and one or more Lenders, except to the extent such information or materials
have been made available to the applicable Borrowers or its representatives (and in any case, other than the right to receive notices of prepayments and other administrative notices in respect of its Loans required to be delivered to Lenders
pursuant to this Agreement). 
 (i)       In the case of any assignment,
transfer or novation by a Lender to a new Lender, or any participation by such Lender in favor of a Participant, of all or any part of such Lender’s rights and obligations under this Agreement or any of the other Loan Documents, such Lender and
the new Lender or Participant (as applicable) and each of the Luxembourg Loan Parties hereby agrees that, for the purposes of Article 1278 and/or Article 1281 of the Luxembourg Civil Code (to the extent applicable), any assignment, amendment,
transfer and/or novation of any kind permitted under, and made in accordance with the provisions of, this Agreement or any agreement referred to herein to which any Luxembourg Loan Party is a party (including any Collateral Document), any security
created or guarantee given under or in connection with this Agreement or any other Loan Document shall be preserved and shall continue in full force and effect for the benefit of such new Lender or Participant (as applicable). 

  
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 (j)       With respect to any
assignment or participation by a Lender of any Loans or Commitments, (i) to a Disqualified Lender or (ii) to the extent the applicable Borrowers’ consent is required under the terms of Section 9.4(b)(A) and such consent is not
granted (or deemed to have been granted), to any other Person, in each case, the applicable Borrowers shall be entitled to (A) notwithstanding anything to the contrary in this Agreement, prepay the relevant Loans or terminate such Commitments
on a non-pro rata basis or (B) require such Disqualified Lender or other Person to assign such Loans or Commitments in accordance with the terms of this Agreement, except to the extent that the applicable
Borrowers consent in writing to such assignment or participation, provided that upon inquiry by any Lender to the applicable Administrative Agent as to whether a specified potential assignee or prospective participant is on the list of Disqualified
Lenders, the applicable Administrative Agent shall be permitted to disclose to such Lender whether such specific potential assignee or prospective participant is on the list of Disqualified Lenders. 

9.5       Survival. All covenants, agreements, representations and warranties made by the
Borrowers herein and in the certificates or other instruments delivered in connection with or pursuant to this Agreement shall be considered to have been relied upon by the other parties hereto and shall survive the execution and delivery of this
Agreement and the making of any Loans and issuance of any Letters of Credit, regardless of any investigation made by any such other party or on its behalf and notwithstanding that the applicable Administrative Agent, any Issuing Bank or any Lender
may have had notice or knowledge of any Default or incorrect representation or warranty at the time any credit is extended hereunder, and shall continue in full force and effect as long as the principal of or any accrued interest on any Loan or any
fee or any other amount payable under this Agreement is outstanding and unpaid or any Letter of Credit is outstanding and so long as the Commitments have not expired or terminated. The provisions of Sections 2.17, 2.18, 2.19 and 9.3 and
Section 8 shall survive and remain in full force and effect regardless of the consummation of the transactions contemplated hereby, the repayment of the Loans, the expiration or termination of the Letters of Credit and the Commitments or the
termination of this Agreement or any provision hereof. 
 9.6       Counterparts;
Integration; Effectiveness. This Agreement may be executed in counterparts (and by different parties hereto on different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single
contract. This Agreement, the other Loan Documents and any separate letter agreements with respect to fees payable to the applicable Administrative Agent constitute the entire contract among the parties relating to the subject matter hereof and
supersede any and all previous agreements and understandings, oral or written, relating to the subject matter hereof. Except as provided in Section 4.1, this Agreement shall become effective when it shall have been executed by the
Administrative Agents and when the Administrative Agents shall have received counterparts hereof which, when taken together, bear the signatures of each of the other parties hereto, and thereafter shall be binding upon and inure to the benefit of
the parties hereto and their respective successors and assigns. Delivery of an executed counterpart of a signature page of this Agreement by facsimile or other electronic transmission (e.g., “PDF” or “TIFF”) shall be effective as
delivery of a manually executed counterpart of this Agreement. 

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

9.8       Right of Setoff. If an Event of Default shall have occurred and be continuing,
each Lender is hereby authorized at any time and from time to time with the prior written consent of the applicable Administrative Agent (which consent shall not be required in connection with customary
set-offs in connection with Cash Management Obligations and Specified Hedge Agreements), to the fullest extent permitted by law, to set off and apply any and all deposits (general or special, time or demand,
provisional or final at any time held and other obligations at any time owing by such Lender to or for the credit or the account of the applicable Borrowers against any of and all the obligations of the applicable Borrowers now or hereafter existing
under this Agreement held by such Lender, irrespective of whether or not such Lender shall have made any demand under this Agreement and although such obligations may be unmatured. The rights of each Lender under this Section 9.8 are in
addition to other rights and remedies (including other rights of setoff) which such Lender may have. Each Lender shall notify the applicable Administrative Agent, Parent and the other applicable Borrowers promptly after any such setoff. 

9.9       Governing Law; Jurisdiction; Consent to Service of Process. (a) This
Agreement and any claim, controversy, dispute or cause of action (whether in contract or tort or otherwise) based upon, arising out of or relating to this Agreement and the transactions contemplated hereby shall be construed in accordance with and
governed by the law of the State of New York. 
 (b)       Each party to this
Agreement hereby irrevocably and unconditionally submits, for itself and its property, to the exclusive jurisdiction of the Supreme Court of the State of New York sitting in New York County and of the United States District Court of the Southern
District of New York, and any appellate court from any thereof, in any action or proceeding arising out of or relating to this Agreement or any other Loan Document, or for recognition or enforcement of any judgment, and each of the parties hereto
hereby irrevocably and unconditionally agrees that all claims in respect of any such action or proceeding shall be heard and determined in such New York State or, to the extent permitted by law, in such Federal court. Each of the parties hereto
agrees that a final judgment in any such action or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by law. Notwithstanding the foregoing, any party hereto may bring an
action or proceeding in other jurisdictions in respect of its rights under any Collateral Document governed by a law other than the laws of the State of New York or, with respect to the Collateral, in a jurisdiction where such Collateral is located.

 (c)       Each party to this Agreement hereby irrevocably and
unconditionally waives, to the fullest extent it may legally and effectively do so, any objection which it may now or hereafter have to the laying of venue of any suit, action or proceeding arising out of or relating to this Agreement or any other
Loan Document in any court referred to in paragraph (b) of this Section 9.9. Each of the parties hereto hereby irrevocably waives, to the fullest extent 

  
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permitted by law, the defense of an inconvenient forum to the maintenance of such action or proceeding in any such court. 

(d)       Each party to this Agreement irrevocably consents to service of
process in the manner provided for notices in Section 9.1. Nothing in this Agreement or any other Loan Document will affect the right of any party to this Agreement to serve process in any other manner permitted by law. 

9.10       WAIVER OF JURY TRIAL. EACH PARTY HERETO HEREBY WAIVES, TO THE FULLEST EXTENT
PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT, ANY OTHER LOAN DOCUMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY (WHETHER BASED ON
CONTRACT, TORT OR ANY OTHER THEORY). EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO
ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION. 

9.11       Headings. Section headings and the Table of Contents used herein are for
convenience of reference only, are not part of this Agreement and shall not affect the construction of, or be taken into consideration in interpreting, this Agreement. 

9.12       Confidentiality. (a) Each of the Administrative Agents, the Syndication
Agent, the Documentation Agent, each Issuing Bank and the Lenders agrees to maintain the confidentiality of the Information (as defined below), except that Information may be disclosed (i) to its and its Affiliates’ employees, legal
counsel, independent auditors, professionals and other experts or agents (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), (ii) to the extent requested or demanded by any regulatory authority claiming jurisdiction over it or its Affiliates (provided, that the applicable Administrative Agent, each Issuing Bank or such Lender, as applicable,
shall notify the applicable Borrowers as soon as practicable in the event of any such disclosure by such Person (except with respect to any audit or examination conducted by bank accountants or any governmental bank regulatory authority exercising
routine examination or regulatory authority) to the extent practicable and not prohibited by applicable law, rule or regulation), (iii) pursuant to the order of any court or administrative agency or in any pending legal, judicial or administrative
proceeding, or otherwise as required by applicable law or compulsory legal process based on the advice of counsel (provided, that the applicable Administrative Agent, such Issuing Bank or such Lender, as applicable, shall notify the
applicable Borrowers promptly thereof prior to any such disclosure by such Person (except with respect to any audit or examination conducted by bank accountants or any governmental bank regulatory authority exercising routine examination or
regulatory authority) to the extent practicable and not prohibited by applicable law, rule or regulation), (iv) to any other party to this Agreement, (v) as reasonably determined to be necessary, in connection with the exercise of any remedies
hereunder 

  
 217 

 
or any suit, action or proceeding relating to this Agreement or the enforcement of rights hereunder, (vi) to bona fide or potential assignee, transferee or participant in connection with the
contemplated assignment, transfer or participation of any Loans or any participations therein or by any direct or indirect contractual counterparties (or the professional advisors thereto) to any swap or derivative transaction relating to the
applicable Borrowers and their obligations (provided, that such assignees, transferees, participants, counterparties and advisors are advised of and agree to be bound by either the provisions of this Section 9.12 or other provisions at
least as restrictive as this Section 9.12), (vii) to the extent that such information is independently developed by it, (viii) with the prior written consent of the Borrower, (ix) to the extent such Information becomes available other
than as a result of a breach of this Section 9.12 to the applicable Administrative Agent, the Syndication Agent, the Documentation Agent, the Issuing Bank or any Lender on a nonconfidential basis from a source other than any Borrower or any of
its Affiliates, (x) on a confidential basis to (A) any rating agency in connection with rating Parent or Parent’s Subsidiaries or the Facilities or (1) the CUSIP Service Bureau or any similar agency in connection with the
issuance and monitoring of CUSIP numbers with respect to the Facilities or (2) market data collectors, similar service providers to the lending industry and service providers to the applicable Administrative Agent in connection with the
administration, settlement and management of this Agreement and the Loan Documents, (xi) to the extent necessary or customary for inclusion in league table measurement, and (xii) for purposes of establishing a “due diligence”
defense. For the purposes of this Section 9.12, “Information” means all information received from Parent, each other Borrower or any of their Affiliates relating to Parent or any of Parent’s Subsidiaries or businesses,
other than any such information that is available other than as a result of a breach of this Section 9.12 to the applicable Administrative Agent, the Syndication Agent, the Documentation Agent, any Issuing Bank or any Lender on a
nonconfidential basis prior to disclosure by any Borrower; provided, that, in the case of information received from any Borrower after the date hereof, such information is clearly identified on or before the time of delivery as confidential.
Any Person required to maintain the confidentiality of Information as provided in this Section 9.12 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 which shall in no event be less than commercially reasonable care. 

(b)       EACH LENDER ACKNOWLEDGES THAT INFORMATION AS DEFINED IN
SECTION 9.12(a) FURNISHED TO IT PURSUANT TO THIS AGREEMENT MAY INCLUDE MNPI, AND CONFIRMS THAT IT HAS DEVELOPED COMPLIANCE PROCEDURES REGARDING THE USE OF MATERIAL NON-PUBLIC INFORMATION AND THAT IT WILL
HANDLE SUCH MATERIAL NON-PUBLIC INFORMATION IN ACCORDANCE WITH THOSE PROCEDURES AND APPLICABLE LAW, INCLUDING FEDERAL AND STATE SECURITIES LAWS. 

(c)       ALL INFORMATION, INCLUDING REQUESTS FOR WAIVERS AND AMENDMENTS,
FURNISHED BY APPLICABLE BORROWERS OR THE APPLICABLE ADMINISTRATIVE AGENT PURSUANT TO, OR IN THE COURSE OF ADMINISTERING, THIS AGREEMENT WILL BE SYNDICATE-LEVEL INFORMATION, WHICH MAY CONTAIN MNPI. ACCORDINGLY, EACH LENDER REPRESENTS AND WARRANTS TO
THE APPLICABLE BORROWERS AND THE 

  
 218 

 
APPLICABLE ADMINISTRATIVE AGENT THAT IT HAS IDENTIFIED IN ITS ADMINISTRATIVE QUESTIONNAIRE A CREDIT CONTACT WHO MAY RECEIVE INFORMATION THAT MAY CONTAIN MATERIAL
NON-PUBLIC INFORMATION IN ACCORDANCE WITH ITS COMPLIANCE PROCEDURES AND APPLICABLE LAW. 

9.13       PATRIOT Act. Each Lender that is subject to the requirements of the PATRIOT
Act hereby notifies the Borrowers that pursuant to the requirements of the PATRIOT Act, it may be required to obtain, verify and record information that identifies each Borrower, which information includes the name and address of such Borrower and
other information that will allow such Lender to identify such Borrower in accordance with the PATRIOT Act. 

9.14       Release of Liens and Guarantees; Secured Parties. (a) In the event that
any Loan Party conveys, sells, leases, assigns, transfers or otherwise Disposes of all or any portion of any of the Capital Stock or assets (including any Mortgaged Property) of any Loan Party to a Person that is not (and is not required hereunder
to become) a Loan Party in a transaction permitted under this Agreement, the Liens created by the Loan Documents in respect of such Capital Stock or assets shall automatically terminate and be released, without the requirement for any further action
by any Person and the Collateral Agent shall promptly (and the Lenders hereby authorize the Collateral Agent to) take such action and execute any such documents (including Mortgage release documents) as may be reasonably requested by Parent or any
other Borrower and at such Borrower’s expense to further document and evidence such termination and release of Liens created by any Loan Document in respect of such Capital Stock or assets. In the event that any Capital Stock or other asset
(including any Mortgaged Property) constituting Collateral has become, or is becoming, an Excluded Asset, then, at the request of Parent or any Borrower, the Collateral Agent agrees to promptly (and the Lenders hereby authorize the Collateral Agent
to) take such action and execute such documents (including mortgage release documents) as may be reasonably requested by Parent or any Borrower and at such Borrower’s expense to terminate, discharge and release (or to further document and
evidence the termination, discharge and release of) the Liens created by any Loan Document in respect of such assets. In the case of a transaction permitted under this Agreement the result of which is that a Loan Party would cease to be a Restricted
Subsidiary or would become an Excluded Subsidiary (or in case any Restricted Subsidiary otherwise becomes an Excluded Subsidiary or any Borrower elects that any Discretionary Guarantor that would otherwise constitute an Excluded Subsidiary cease to
be a Discretionary Guarantor), the Guarantee Obligations created by the Loan Documents in respect of such Loan Party (and all security interests granted by such Guarantor under the Loan Documents) shall automatically terminate and be released,
without the requirement for any further action by any Person and the Collateral Agent shall promptly (and the Lenders hereby authorize the Collateral Agent to) take such action and execute any such documents as may be reasonably requested by Parent
or any Borrower and at such Borrower’s expense to further document and evidence such termination and release of such security interests and such Loan Party’s Guarantee Obligations in respect of the Obligations (including its Guarantee
Obligations under the Guaranties). Any representation, warranty or covenant contained in any Loan Document relating to any such Capital Stock, asset or Subsidiary of any Loan Party shall no longer be deemed to be made with respect thereto once such
Capital Stock or asset or Subsidiary is so conveyed, sold, leased, assigned, transferred or disposed of. 

  
 219 

 (b)       Upon the payment in
full of the Obligations and the termination or expiration of the Commitments, all Liens created by the Loan Documents shall automatically terminate and be released, without the requirement for any further action by any Person and the Collateral
Agent shall promptly (and the Lenders hereby authorize the Collateral Agent to) take such action and execute any such documents as may be reasonably requested by Parent or any Borrower and at such Borrower’s expense to further document and
evidence such termination and release of Liens created by the Loan Documents (including by way of assignment), and the Guarantee Obligations created by the Loan Documents in respect of the Guarantors shall automatically terminate and be released,
without the requirement for any further action by any Person and the Collateral Agent shall promptly (and the Lenders hereby authorize the Collateral Agent to) take such action and execute any such documents as may be reasonably requested by Parent
or any Borrower and at such Borrower’s expense to further document and evidence such termination and release of the Guarantors’ Guarantee Obligations in respect of the Obligations (including the Guarantee Obligations under the Guaranties).

 (c)       Except with respect to the exercise of setoff rights of any
Lender in accordance with Section 9.8 or with respect to a Lender’s right to file a proof of claim in an insolvency proceeding, no Secured Party shall have any right individually to realize upon any of the Collateral or to enforce any
guarantee of the Obligations, it being understood and agreed that all powers, rights and remedies under the Loan Documents may be exercised solely by the Collateral Agent on behalf of the Secured Parties in accordance with the terms thereof. In the
event of a foreclosure by the Collateral Agent on any of the Collateral pursuant to a public or private sale or other disposition, the Collateral Agent or any Lender may be the purchaser or licensor of any or all of such Collateral at any such sale
or other disposition, and the Collateral Agent, as agent for and representative of the Secured Parties (but not any Lender or Lenders in its or their respective individual capacities unless the Required Lenders shall otherwise agree in writing)
shall be entitled, for the purpose of bidding and making settlement or payment of the purchase price for all or any portion of the Collateral sold at any such public sale, to use and apply any of the Obligations as a credit on account of the
purchase price for any collateral payable by the Collateral Agent on behalf of the Secured Parties at such sale or other disposition. 

9.15       No Fiduciary Duty. The Agents, each Issuing Bank and each Lender and their
respective Affiliates (collectively, solely for purposes of this paragraph, the “Lender Parties”) may have economic interests that conflict with those of the Loan Parties, their stockholders and/or their affiliates. Each Loan Party
agrees that nothing in the Loan Documents or otherwise will be deemed to create an advisory, fiduciary or agency relationship or fiduciary or other implied duty between any Lender Parties, on the one hand, and such Loan Party, its stockholders or
its affiliates, on the other. The Loan Parties acknowledge and agree that (i) the transactions contemplated by the Loan Documents (including the exercise of rights and remedies hereunder and thereunder) are
arm’s-length commercial transactions between the Lender Parties, on the one hand, and the Loan Parties, on the other, and (ii) in connection therewith and with the process leading thereto,
(x) no Lender Parties have assumed any advisory or fiduciary responsibility in favor of any Loan Party, its stockholders or its affiliates with respect to the transactions contemplated hereby (or the exercise of rights or remedies with respect
thereto) or the process leading thereto (irrespective of whether any Lender Parties have advised, are currently advising or will advise any Loan Party, its stockholders or its Affiliates on other matters) or any other obligation to any Loan Party
except 

  
 220 

 
the obligations expressly set forth in the Loan Documents and (y) the Lender Parties are acting solely as principals and not as the agents or fiduciaries of any Loan Party, its management,
stockholders, creditors or any other Person. Each Loan Party acknowledges and agrees that it has consulted its own legal and financial advisors to the extent it deemed appropriate and that it is responsible for making its own independent judgment
with respect to such transactions and the process leading thereto. Each Loan Party agrees that it will not claim that the Lender Parties have rendered advisory services of any nature or respect, or owe a fiduciary or similar duty to such Loan Party,
in connection with such transaction or the process leading thereto. In furtherance of the foregoing, no Hedge Agreement the obligations under which constitute Specified Hedge Agreement obligations and no other agreements the obligations under which
constitute Cash Management Obligations, in each case will create (or be deemed to create) in favor of any Secured Party that is a party thereto any rights in connection with the management or release of any Collateral or of the obligations of any
Loan Party under this Agreement or any other Loan Document. By accepting the benefits of the Collateral, each Secured Party that is a party to any such Hedge Agreement or such agreement in respect of Cash Management Services shall be deemed to have
appointed the applicable Administrative Agent to serve as administrative agent and the Collateral Agent to serve as collateral agent under the Loan Documents and agreed to be bound by the Loan Documents as a Secured Party thereunder, subject to the
limitations set forth in this paragraph. 
 9.16      Interest Rate Limitation.
Notwithstanding anything to the contrary contained in any Loan Document, the interest paid or agreed to be paid under the Loan Documents shall not exceed the maximum rate of non-usurious interest permitted by
applicable law (the “Maximum Rate”). If the applicable Administrative Agent, each Issuing Bank or any Lender shall receive interest in an amount that exceeds the Maximum Rate, the excess interest shall be applied to the principal of the
Loans or, if it exceeds such unpaid principal, refunded to the applicable Borrowers. In determining whether the interest contracted for, charged, or received by the applicable Administrative Agent, Issuing Bank or a Lender exceeds the Maximum Rate,
such Person may, to the extent permitted by applicable law, (a) characterize any payment that is not principal as an expense, fee, or premium rather than interest, (b) exclude voluntary prepayments and the effects thereof, and
(c) amortize, prorate, allocate, and spread in equal or unequal parts the total amount of interest throughout the contemplated term of the Obligations hereunder. 

9.17       Intercreditor Agreements. The Collateral Agent is authorized and directed
to, to the extent required or permitted by the terms of the Loan Documents, (x) enter into (i) any Collateral Document, (ii) any Senior Pari Passu Intercreditor Agreement, (iii) any Senior/Junior Intercreditor Agreement or
(iv) any other intercreditor agreement contemplated hereunder or (y) make or consent to any filings or take any other actions in connection therewith (and any amendments, amendments and restatements, restatements or waivers of or
supplements to or other modifications to, such agreements in connection with the incurrence by any Loan Party of any Indebtedness of such Loan Party that is permitted to be incurred and secured pursuant to Sections 6.2 and 6.3, in order to permit
such Indebtedness to be secured by a valid, perfected lien on the Collateral (with such priority as may be designated by such Loan Party, to the extent such priority is permitted by the Loan Documents)), and the parties hereto acknowledge that any
intercreditor agreement contemplated hereunder, any Collateral Document, and any consent, filing or other action will be binding upon them. Each of the Lenders (including in its capacities as a Lender)

  
 221 

 
and each of the Secured Parties (a) hereby agrees that it will be bound by and will take no actions contrary to the provisions of any intercreditor agreement contemplated hereunder (if
entered into) and (b) hereby authorizes and instructs the Collateral Agent to enter into any Senior Pari Passu Intercreditor Agreement, any Senior/Junior Intercreditor Agreement and any other intercreditor agreements contemplated hereunder or
Collateral Document (and any amendments, amendments and restatements, restatements or waivers of or supplements to or other modifications to, such agreements in connection with the incurrence by any Loan Party of any Indebtedness of such Loan Party
that is permitted to be incurred and secured pursuant to Sections 6.2 and 6.3, in order to permit such Indebtedness to be secured by a valid, perfected lien on the Collateral (with such priority as may be designated by such Loan Party, to the extent
such priority is permitted by the Loan Documents)), and to subject the Liens on the Collateral securing the Obligations to the provisions thereof. 

9.18       Discretionary Guarantors. At any time after the Closing Date, the Borrowers
may elect to add a Group Member that is an Excluded Subsidiary or any other Person reasonably satisfactory to the Collateral Agent to be added as an additional guarantor and a Loan Party (a “Discretionary Guarantor”) as follows:

 (a)       the Borrowers shall provide a Notice of Additional
Guarantor to the Collateral Agent of its intention to add any Discretionary Guarantor at least 15 Business Days (or such shorter period as the Collateral Agent may reasonably agree) prior to the date of the proposed addition; 

(b)       consent of the Collateral Agent shall be required to approve any such
addition (such consent not to be unreasonably withheld or delayed, but which may be withheld if the Collateral Agent reasonably determines that such Discretionary Guarantor is organized under the laws of a jurisdiction where (i) the amount and
enforceability of the contemplated guarantee that may be entered into by a Person organized in the relevant jurisdiction is materially and adversely limited by applicable law or contractual limitations, (ii) the security interests (and the
enforceability thereof) that may be granted with respect to assets (or various classes of assets) located in the relevant jurisdiction are materially and adversely limited by applicable law or (iii) there is any reasonably identifiable and
material adverse political risk to the Lenders or the Collateral Agent associated with such jurisdiction); provided, that no such consent shall be required for the addition of any Discretionary Guarantor organized under the laws of the United
States, or any State or political subdivision thereof, or any province or political subdivision thereof; 

(c)       the Borrowers and such Discretionary Guarantor shall deliver the
documents required by Section 5.9, at the time such Group Member or other Person becomes a Discretionary Guarantor (or such later date as the Collateral Agent may reasonably agree) with respect to each such additional Guarantor (and solely for
purposes of Section 5.9(c) and the Collateral Documents, such Subsidiary shall be deemed to have been acquired at the time such Notice of Additional Guarantor is received by the Collateral Agent); and 

(d)       as a condition to the effectiveness of any joinder of any
Discretionary Guarantor, such Discretionary Guarantor shall deliver opinions, board resolutions and officers’ 

  
 222 

 
certificates and/or reaffirmation agreements consistent with those delivered on the Closing Date under Section 4.1 and all other documentation and other information, in each case as
reasonably requested in writing by the Collateral Agent within ten Business Days following receipt of such Notice of Additional Guarantor to satisfy requirements under applicable “know your customer” and anti-money-laundering rules and
regulations, including without limitation, the PATRIOT Act. 
 9.19       Posting of Margin
and Collateral. Notwithstanding anything to the contrary in this Agreement or any Loan Document, to the extent that any Group Member or counterparty to a Hedge Agreement is required to post any margin or collateral under a Hedge Agreement as a
result of any regulatory requirement, swap clearing organization rule, or other similar regulation, rule, or requirement, (i) a Group Member shall be permitted to make payments of such margin or collateral to the counterparty in satisfaction of
any such regulation, rule, or requirement; and (ii) if any such counterparty posts any such margin or collateral with any Group Member, such margin or collateral shall not be subject to any cash trap, cash sweep, or other cash management
provision or restriction in any Loan Document, save and except any pledge or assignment of such hedging agreement, with the express intention that the relevant Group Member shall be permitted to receive, return (including any return payment), or
apply such margin or collateral in accordance with the relevant Hedge Agreement; provided, however, that such Group Member shall not use any such margin or collateral for any other purpose than in accordance with the relevant Hedge
Agreement. 
 9.20       Judgment Currency. If, for the purposes of obtaining judgment
in any court, it is necessary to convert a sum due hereunder or any other Loan Document in one currency into another currency, the rate of exchange used shall be that at which in accordance with normal banking procedures the applicable Agent could
purchase the first currency with such other currency on the Business Day preceding that on which final judgment is given. The obligation of each Borrower in respect of any such sum due from it to any Agent or any Lender hereunder or under the other
Loan Documents shall, notwithstanding any judgment in a currency (the “Judgment Currency”) other than that in which such sum is denominated in accordance with the applicable provisions of this Agreement (the “Agreement
Currency”), be discharged only to the extent that on the Business Day following receipt by such Agent or such Lender, as the case may be, of any sum adjudged to be so due in the Judgment Currency, such Agent or such Lender, as the case may be,
may in accordance with normal banking procedures purchase the Agreement Currency with the Judgment Currency. If the amount of the Agreement Currency so purchased is less than the sum originally due to any Agent or any Lender from any Borrower in the
Agreement Currency, such Borrower agrees, as a separate obligation and notwithstanding any such judgment, to indemnify such Agent or such Lender, as the case may be, against such loss. If the amount of the Agreement Currency so purchased is greater
than the sum originally due to any Agent or any Lender in such currency, such Agent or such Lender, as the case may be, agrees to return the amount of any excess to such Borrower (or to any other Person who may be entitled thereto under applicable
law). 
 9.21       Acknowledgement and Consent to
Bail-In of EEA Financial Institutions. Notwithstanding anything to the contrary in any Loan Document or in any other agreement, arrangement or understanding among any such parties, each party hereto
acknowledges that any 

  
 223 

 
liability of any Lender that is an EEA Financial Institution arising under any Loan Document, to the extent such liability is unsecured, may be subject to the write-down and conversion powers of
an EEA Resolution Authority and agrees and consents to, and acknowledges and agrees to be bound by: 

(a)       the application of any Write-Down and Conversion Powers by an EEA
Resolution Authority to any such liabilities arising hereunder which may be payable to it by any Lender that is an EEA Financial Institution; and 

(b)       the effects of any Bail-In
Action on any such liability, including, if applicable: 
 (i)       a
reduction in full or in part or cancellation of any such liability; 

(ii)      a conversion of all, or a portion of, such liability into shares or
other instruments of ownership in such EEA Financial Institution, its parent undertaking, or a bridge institution that may be issued to it or otherwise conferred on it, and that such shares or other instruments of ownership will be accepted by it in
lieu of any rights with respect to any such liability under this Agreement or any other Loan Document; or 

(iii)      the variation of the terms of such liability in connection with the
exercise of the write-down and conversion powers of any EEA Resolution Authority. 

9.22       Collateral. Each of the parties hereto represents to each of the other parties
hereto that it, in good faith, is not relying upon any margin stock as collateral in the extension or maintenance of the credit provided for in this Agreement. 

(signature pages follow) 

  
 224 

 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly
executed and delivered by their proper and duly authorized officers as of the day and year first above written. 
  

			
	BORROWERS:
	
	HLF FINANCING SaRL, LLC
		
	By:	 	 /s/ Richard Caloca

	Name:	 	Richard Caloca
	Title:	 	Manager
	
	HERBALIFE NUTRITION LTD.
		
	By:	 	 /s/ Richard Caloca

	Name:	 	Richard Caloca
	Title:	 	Treasurer
	
	HERBALIFE INTERNATIONAL LUXEMBOURG S.À R.L.
		
	By:	 	 /s/ Helene Dekhar

	Name:	 	Helene Dekhar
	Title:	 	Authorized Representative
	
	HERBALIFE INTERNATIONAL, INC.
		
	By:	 	 /s/ Richard Caloca

	Name:	 	Richard Caloca
	Title:	 	Treasurer

 [Credit Agreement] 

 
			
	JEFFERIES FINANCE LLC, as Term Loan B Agent, Collateral Agent and Term Loan B Lender
		
	 By:
	 	 /s/ Brian Buoye

	 Name:
	 	 Brian Buoye

	 Title:
	 	 Managing Director

 [Credit Agreement] 

 
			
	COÖPERATIEVE RABOBANK U.A., NEW YORK BRANCH, as Term Loan A Agent, Revolver Administrative Agent, a Term Loan A Lender and a Revolving Credit Lender
		
	 By:
	 	 /s/ Nader Pasdar

	 Name: Nader Pasdar

	 Title: Managing Director

		
	 By:
	 	 /s/ Anthony Fidanza

	 Name: Anthony Fidanza

	 Title: Vice President

 [Credit Agreement] 

 
			
	CITIZENS BANK, N.A., as a Term Loan A Lender and a Revolving Credit Lender
		
	 By:
	 	 /s/ Darran Wee

	 Name: Darran Wee

	 Title: Senior Vice President

 [Credit Agreement] 

 
			
	CITICORP NORTH AMERICA, INC., as a Term Loan A Lender and a Revolving Credit Lender
		
	 By:
	 	 /s/ Richard D. Banziger

	 Name: Richard D. Banziger

	 Title: US Commercial Bank Head

 [Credit Agreement] 

 
			
	FIFTH THIRD BANK, as a Term Loan A Lender and a Revolving Credit Lender
		
	 By:
	 	 /s/ Peter Samboul

	 Name: Peter Samboul

	 Title: Director

 [Credit Agreement] 

 
			
	MIZUHO BANK, LTD., as a Term Loan A Lender and a Revolving Credit Lender
		
	 By:
	 	 /s/ Raymond Venture

	 Name: Raymond Venture

	 Title: Managing Director

 [Credit Agreement] 

 
			
	CAPITAL ONE, NATIONAL ASSOCIATION, as a Term Loan A Lender and a Revolving Credit Lender
		
	 By:
	 	 /s/ Richard O’Neill

	 Name: Richard O’Neill

	 Title: Managing Director

 [Credit Agreement] 

 
			
	 COMERICA BANK, as a Term Loan A Lender and a Revolving Credit Lender

		
	 By:
	 	 /s/ Liz V. Hulley

	 Name: Liz V. Hulley

	 Title: Vice President

 [Credit Agreement] 

 
			
	COMPASS BANK, as a Term Loan A Lender and a Revolving Credit Lender
		
	 By:
	 	 /s/ Charles Randolph

	 Name: Charles Randolph

	 Title: Senior Vice President

 [Credit Agreement] 

 
			
	STANDARD CHARTERED BANK, as a Term Loan A Lender and a Revolving Credit Lender
		
	 By:
	 	 /s/ Guilherme Domingos

	 Name: Guilherme Domingos

	 Title: Director, Standard Chartered Bank

 [Credit Agreement] 

 
			
	BANK OF AMERICA, N.A., as a Term Loan A Lender and a Revolving Credit Lender
		
	 By:
	 	 /s/ Keith Suen

	 Name: Keith Suen

	 Title: Vice President

 [Credit Agreement] 

 
			
	MUFG UNION BANK, N.A., as a Term Loan A Lender and a Revolving Credit Lender
		
	 By:
	 	 /s/ Erik Siegfried

	 Name: Erik Siegfried

	 Title: Vice President

 [Credit Agreement] 

 Schedule 1.1(A) 

Closing Date Guarantors 

1. WH Intermediate Holdings Ltd. 

2. HV Holdings Ltd. 
 3. HBL
Luxembourg Holdings S.à R.L. 
 4. WH Luxembourg Holdings S.à R.L. 

5. HLF Financing US, LLC 
 6.
HLF Luxembourg Holdings, Inc. 
 7. WH Capital Corporation 

8. WH Luxembourg Intermediate Holdings S.à R.L. LLC 

9. Herbalife Taiwan, Inc. 
 10.
Herbalife Korea Co., Ltd. 
 11. Herbalife International Do Brasil, Ltda. 

12. Herbalife International of Europe, Inc. 

13. Herbalife International of America, Inc. 

14. Herbalife International (Thailand), Ltd. 

15. Herbalife Venezuela Holdings, LLC 

16. Herbalife VH Intermediate International, LLC 

17. Herbalife VH International LLC 

18. Herbalife Manufacturing LLC 

 Schedule 1.1(B) 

Existing Roll-Over Letters of Credit 
  

											
	Account Party	  	  L/C Issuer  	  	L/C Number  	  	Currency  	  	  Letter of Credit  
Amount	  	Beneficiary  
	HERBALIFE AUSTRALASIA PTY LTD	  	RABOBANK  	  	50659	  	AUD	  	355,978.86	  	
National Bank of

Australia

	HERBALIFE INTERNATIONAL OF AMERICA, INC. 	  	RABOBANK  	  	50779	  	USD	  	100,000.00	  	555 12th REIT LLC
	HERBALIFE INTERNATIONAL URUNLERI TICARET LTD.	  	RABOBANK  	  	50810	  	USD	  	97,000.00	  	AkBank
	HERBALIFE EMEA FINANCE AND OPERATION SERVICE CENTER SP	  	RABOBANK  	  	51316	  	EUR	  	145,737.59	  	ING
	HERBALIFE INTERNATIONAL OF AMERICA, INC. 	  	RABOBANK  	  	51559	  	USD	  	1,600,000.00	  	Gateway Towers
	HERBALIFE AUSTRALASIA PTY LTD	  	RABOBANK  	  	51686	  	AUD	  	298,238.76	  	National Bank of Australia

  
 2 

 Schedule 1.2 

Closing Date Mortgaged Property 
  

Property Address: 
 Industrial Property

 3200 Temple School Rd. 
 Winston-Salem,
Forsyth County, North Carolina 27107 
 Location: 

The subject is located in the southeastern area of Winston-Salem between Interstate 40 and U.S. 

Highway 311. 
 Land Use: 

The area is suburban to rural in character and approximately 65% developed. Land uses immediately surrounding the subject are predominantly
residential, institutional, industrial, and vacant land. 
 This Schedule 1.2 shall constitute notice from the Borrowers that the above
listed property is to become Collateral in accordance with Section 5.15 of the Credit Agreement (including the time periods set forth therein). 

  
 3 

 Schedule 2.1 

Lenders 
  

			
	Term Loan A Lender	  	Term Loan A Commitment
	  

Coöperatieve Rabobank U.A., New York Branch

 
	  	  

$42,500,000
  

	  

Citizens Bank, N.A.

 
	  	  

$32,500,000
  

	  

Citicorp North America, Inc.

 
	  	  

$32,500,000
  

	  

Fifth Third Bank

 
	  	  

$32,500,000
  

	  

Mizuho Bank, Ltd.

 
	  	  

$32,500,000
  

	  

Capital One, National Association

 
	  	  

$20,000,000
  

	  

Comerica Bank

 
	  	  

$20,000,000
  

	  

Compass Bank

 
	  	  

$20,000,000
  

	 Standard
Chartered Bank
	  	$10,000,000
	 Bank of America,
N.A.
	  	$5,000,000
	  

MUFG Union Bank, N.A.

 
	  	  

$2,500,000
  

	
Total
	  	$250,000,000
	     
	  	
	Term Loan B Lender	  	Term Loan B Commitment
	 Jefferies Finance
LLC
	  	$750,000,000
	
Total
	  	$750,000,000
	     
	  	
	Revolving Credit Lender	  	Revolving Credit Commitment
	  

Coöperatieve Rabobank U.A., New York Branch

 
	  	  

$42,500,000
  

	  

Citizens Bank, N.A.

 
	  	  

$32,500,000
  

	  

Citicorp North America, Inc.

 
	  	  

$32,500,000
  

	  

Fifth Third Bank

 
	  	  

$32,500,000
  

	  

Mizuho Bank, Ltd.

 
	  	  

$32,500,000
  

	  

Capital One, National Association

 
	  	  

$20,000,000

 

  
 4 

			
	  

Comerica Bank

 
	  	  

$20,000,000
  

	  

Compass Bank

 
	  	  

$20,000,000
  

	 Standard
Chartered Bank
	  	$10,000,000
	 Bank of America,
N.A.
	  	$5,000,000
	  

MUFG Union Bank, N.A.

 
	  	  

$2,500,000
  

	
Total
	  	$250,000,000

  
 5 

 Schedule 3.4 

Consents, Authorizations, Filings and Notices 

Approval of the transactions contemplated by the Loan Documents by the Board of Directors (or analogous governing body) of each Loan Party,
which have been obtained as of the Effective Date. 

 Schedule 3.9 

Tax ID Numbers 
  

					
	Loan Party	  	Organizational ID    	  	Federal
    Employer ID    
	 HLF Financing SaRL, LLC
	  	6662896	  	98-1338794
	 HLF Financing US, LLC
	  	6254980	  	81-5178058
	 Herbalife International, Inc.
	  	C6434-1985	  	22-2695420
	 Herbalife International of America,
Inc.
	  	C601-2004	  	95-3954565
	 Herbalife International Do Brasil Ltda
	  	2537074	  	52-1951822
	 Herbalife Korea Co., Ltd.
	  	2684031	  	98-0165848
	 Herbalife Taiwan, Inc.
	  	C1922664	  	95-4534645
	 Herbalife International of Europe,
Inc.
	  	C1878601	  	95-4459069
	 Herbalife Venezuela Holdings, LLC
	  	5599514	  	47-1845878
	 Herbalife VH Intermediate International,
LLC
	  	5765690	  	47-4461000
	 Herbalife VH International LLC
	  	5747412	  	47-4471612
	 Herbalife International (Thailand),
Ltd.
	  	C1953253	  	95-4594371
	 WH Luxembourg Intermediate Holdings, S.à
R.L. LLC
	  	3905544	  	98-0394347
	 Herbalife Manufacturing LLC
	  	4637271	  	27-0498511
	 Herbalife Nutrition Ltd.
	  	CR-116838	  	98-0377871
	 WH Intermediate Holdings Ltd.
	  	CR-117890	  	98-0379050
	 Herbalife International Luxembourg S.à
R.L
	  	B 88006	  	98-0400261
	 WH Luxembourg Holdings S.à R.L.
	  	B 88007	  	98-0379866
	 HLF Luxembourg Holdings, Inc.
	  	6364247	  	98-0458562
	 HV Holdings Ltd.
	  	CR-165027	  	98-0494616
	 HBL Luxembourg Holdings S.à
R.L.
	  	B 143 579	  	98-0458562
	 WH Capital Corporation
	  	C3073-2004	  	20-1086904

  
 7 

 Schedule 3.13(a) 

Restricted Subsidiaries 
  

									
	Restricted Subsidiary	  	Jurisdiction of
Incorporation or
Formation	  	% Owned
by Group
Members	 	 	
Number of
Shares Owned

by Group
Members

	 Gestión Y Soporte Administrativo Las Fuentes, S. De R.L. De
C.V.
	  	Mexico	  	 	100	% 	 	50,000
	 HBL Luxembourg Holdings S.à R.L.
	  	Luxembourg	  	 	100	% 	 	650,000
	 HBL Ltd.
	  	Cayman Islands	  	 	100	% 	 	101
	 HBL Products, SA
	  	Switzerland	  	 	100	% 	 	100%
	 HBL Swiss Financing GmbH
	  	Switzerland	  	 	100	% 	 	100%
	 Herbalife (China) Health Products Ltd.
	  	 People’s Republic

of China
	  	 	100	% 	 	12,500,000
	 Herbalife (Jiangsu) Health Products Ltd.
	  	People’s Republic of China	  	 	100	% 	 	100%
	 Herbalife (Shanghai) Management Co., Ltd.
	  	People’s Republic of China	  	 	100	% 	 	100%
	 Herbalife (N.Z.) Limited
	  	New Zealand	  	 	100	% 	 	10,000
	 Herbalife (U.K.) Limited
	  	United Kingdom	  	 	100	% 	 	10,000
	 Herbalife Africa S.à R.L.
	  	Luxembourg	  	 	100	% 	 	1,500
	 Herbalife Asia Pacific Services Limited
	  	Hong Kong	  	 	100	% 	 	100%
	 Herbalife Australasia Pty, Ltd.
	  	Australia	  	 	100	% 	 	10,000
	 Herbalife Bela, LLC
	  	Belarus	  	 	100	% 	 	100%
	 Herbalife Bolivia, Ltda.
	  	Bolivia	  	 	100	% 	 	100%
	 Herbalife Bulgaria EOOD
	  	Bulgaria	  	 	100	% 	 	2
	 Herbalife (Cambodia) Co., Ltd.
	  	Kingdom of Cambodia	  	 	100	% 	 	1,000
	 Herbalife Central America LLC
	  	Delaware, USA	  	 	100	% 	 	100%
	 Herbalife China, LLC
	  	Delaware, USA	  	 	100	% 	 	100%
	 Herbalife Czech Republic s.r.o.
	  	Czech Republic	  	 	100	% 	 	100%
	 Herbalife, d.o.o. (Croatia)
	  	Croatia	  	 	100	% 	 	20,000
	 Herbalife Del Ecuador, S.A.
	  	Ecuador	  	 	100	% 	 	400,000
	 Herbalife Denmark ApS
	  	Denmark	  	 	100	% 	 	200
	 Herbalife Distribution Ltd.
	  	Cayman Islands	  	 	100	% 	 	100%
	 Herbalife Dominicana, S.R.L.
	  	Dominican Republic	  	 	100	% 	 	1,000
	 Herbalife EMEA Finance and Operations Service Center S.p.z.o.o.
	  	Poland	  	 	100	% 	 	100%
	 Herbalife Europe Limited
	  	United Kingdom	  	 	100	% 	 	1
	 Herbalife Hungary Trading, Limited (also known as Herbalife Magyarorszag
Kereskedelmi Kft.)
	  	Hungary	  	 	100	% 	 	12,500,000
	 Herbalife Internacional de México, S.A. de C.V.
	  	Mexico	  	 	100	% 	 	5,000

  
 8 

							
	Restricted Subsidiary	  	Jurisdiction of
Incorporation or
Formation	  	% Owned
by Group
Members	  	
Number of
Shares Owned

by Group
Members

	 Herbalife International (Thailand), Ltd.
	  	
California, USA
	  	100%	  	100
	 Herbalife International (Netherlands) B.V.
	  	 The
Netherlands
	  	100%	  	40,000
	 Herbalife International Argentina, S.A.
	  	 Argentina
	  	100%	  	27,106,893
	 Herbalife International Belgium, S.A.
	  	 Belgium
	  	100%	  	100%
	 Herbalife International Communications, LLC
	  	 California,
USA
	  	100%	  	100%
	 Herbalife International Costa Rica, Sociedad de Responsabilidad
Limitada
	  	 Costa Rica
	  	100%	  	2000
	 Herbalife International de Colombia, Inc.
	  	 California,
USA
	  	100%	  	100
	 Herbalife International Del Ecuador, Inc.
	  	 California,
USA
	  	100%	  	100
	 Herbalife International Deutschland GmbH
	  	 Germany
	  	100%	  	1
	 Herbalife International Distribution, Inc.
	  	 California,
USA
	  	100%	  	100
	 Herbalife International Do Brasil Ltda.
	  	
Brazil and Delaware, USA
	  	100%	  	100,000
	 Herbalife International España, S.A.
	  	 Spain
	  	100%	  	112,920
	 Herbalife International Finland OY
	  	 Finland
	  	100%	  	1,000
	 Herbalife International France S.A.
	  	 France
	  	100%	  	50,000
	 Herbalife International Greece S.A.
	  	 Greece
	  	100%	  	100%
	 Herbalife International India Private Limited
	  	 India
	  	100%	  	4,078,625
	 Herbalife International Luxembourg S.à R.L.
	  	 Luxembourg
	  	100%	  	50
	 Herbalife International of America, Inc.
	  	 Nevada, USA
	  	100%	  	1,171,278
	 Herbalife International of Europe, Inc.
	  	 California,
USA
	  	100%	  	100
	 Herbalife International of Hong Kong Limited
	  	 Hong Kong
	  	100%	  	100
	 Herbalife International (Hong Kong) Limited
	  	 Hong Kong
	  	100%	  	1,000
	 Herbalife International of Israel (1990) Ltd.
	  	 Israel
	  	100%	  	100
	 Herbalife International Philippines, Inc.
	  	 Philippines
	  	100%	  	6,999,999

  
 9 

							
	Restricted Subsidiary	  	Jurisdiction of
Incorporation or
Formation	  	% Owned
by Group
Members	  	
Number of
Shares Owned

by Group
Members

	 Herbalife International Products N.V.
	  	 Netherlands
Antilles
	  	100%	  	6,000
	 Herbalife International Singapore, Pte. Ltd.
	  	 Singapore
	  	100%	  	97,000
	 Herbalife International South Africa, Ltd.
	  	 California,
USA
	  	100%	  	100
	 Herbalife International Urunleri Tic. Ltd. Sti.
	  	 Turkey and Delaware,
USA
	  	100%	  	100% (in Turkey)
and 8,200 (in
Delaware)
	 Herbalife International, Inc.
	  	 Nevada, USA
	  	100%	  	100,000
	 Herbalife International, S.A.
	  	 Portugal
	  	100%	  	5,000
	 Herbalife Italia S.p.A.
	  	 Italy
	  	100%	  	200,000
	 Herbalife Kazakhstan LLP
	  	 Kazakhstan
	  	100%	  	100%
	 Herbalife Korea Co., Ltd.
	  	 South Korea and
Delaware, USA
	  	100%	  	985,000 (in South
Korea) and
35,000 (in
Delaware)
	 Herbalife Luxembourg Distribution S.à R.L.
	  	 Luxembourg
	  	100%	  	125
	 Herbalife Macau Limited
	  	 Macau
	  	100%	  	25,000
	 Herbalife Manufacturing LLC
	  	 Delaware,
USA
	  	100%	  	100%
	 Herbalife Mexicana, S.A. de C.V.
	  	 Mexico
	  	100%	  	50,500
	 Herbalife Mongolia LLC
	  	 Mongolia
	  	100%	  	100,000
	 Herbalife NatSource (Hunan) Natural Products Co., Ltd.
	  	
People’s Republic of China
	  	100%	  	100%
	 Herbalife Natural Products L.P.
	  	 Cayman
Islands
	  	100%	  	99.89% limited
partnership

interest0.11% general
partnership
interest

	 Herbalife Norway Products AS
	  	 Norway
	  	100%	  	50
	 Herbalife of Canada, Ltd.
	  	 Canada
	  	100%	  	100
	 Herbalife of Ghana Limited
	  	 Ghana
	  	100%	  	320,000
	 Herbalife of Japan K.K.
	  	 Japan and Delaware,
USA
	  	100%	  	50 (in Japan) and
186 (In Delaware)
	 Herbalife Paraguay S.R.L.
	  	 Paraguay
	  	100%	  	1,050
	 Herbalife Peru S.R.L.
	  	 Peru
	  	100%	  	12,000
	 Herbalife Polska Sp.z o.o
	  	 Poland
	  	100%	  	100
	 Herbalife Products Malaysia SDN. BHD.
	  	 Malaysia
	  	100%	  	100%
	 Herbalife Puerto Rico, LLC
	  	 Puerto Rico
	  	100%	  	100%

  
 10 

							
	Restricted Subsidiary	  	Jurisdiction of
Incorporation or
Formation	  	% Owned
by Group
Members	  	
Number of
Shares Owned

by Group
Members

	 Herbalife RO S.R.L.
	  	 Romania
	  	100%	  	100%
	 Herbalife Slovakia, s.r.o.
	  	
Slovak Republic
	  	100%	  	100%
	 Herbalife Sweden Aktiebolag
	  	 Sweden
	  	100%	  	1,000
	 Herbalife Taiwan, Inc.
	  	
California, USA
	  	100%	  	100
	 Herbalife Uruguay S.R.L.
	  	 Uruguay
	  	100%	  	100%
	 Herbalife Venezuela Holdings, LLC
	  	 Delaware,
USA
	  	100%	  	100%
	 Herbalife VH International LLC
	  	 Delaware,
USA
	  	100%	  	100%
	 Herbalife VH Intermediate International, LLC
	  	 Delaware,
USA
	  	100%	  	100%
	 Herbalife Vietnam SMLLC
	  	 Vietnam
	  	100%	  	100%
	 Herbalife Worldwide Events LLC
	  	 Delaware,
USA
	  	100%	  	100%
	 HIIP Investment Co., LLC
	  	 Delaware,
USA
	  	100%	  	100%
	 HIL Swiss International GmbH
	  	 Switzerland
	  	100%	  	20,000
	 HLF Colombia Ltda.
	  	 Colombia
	  	100%	  	342.061
	 HLF Financing SaRL., LLC
	  	 Delaware
	  	100%	  	100%
	 HLF Financing US, LLC
	  	 Delaware,
USA
	  	100%	  	100%
	 HLF Luxembourg Distribution S.à R.L.
	  	 Luxembourg
	  	100%	  	125
	 HLF Luxembourg Holdings, Inc.
	  	 Delaware
	  	100%	  	500
	 HV Holdings Ltd.
	  	 Cayman
Islands
	  	100%	  	2
	 iChange Network, Inc.
	  	 California,
USA
	  	100%	  	100,000
	 I.C.S. Herbalife MA, S.R.L.
	  	
Republic of Moldova
	  	100%	  	100%
	 Importadora y Distribuidora Herbalife International de Chile,
Limitada
	  	 Chile
	  	100%	  	30,000
	 Limited Liability Company Herbalife International RS
	  	 Russian
Federation
	  	100%	  	100%
	 Herbalife Ukraine, LLC
	  	 Ukraine
	  	100%	  	100%
	 Promotions One, Inc.
	  	 California,
USA
	  	100%	  	1000
	 PT Herbalife Indonesia
	  	 Indonesia
	  	100%	  	2,500
	 Servicios Integrales HIM, S.A. de C.V.
	  	 Mexico
	  	100%	  	110,000
	 Suplementos Para El Bienestar, S. De R.L. De C.V.
	  	 Mexico
	  	100%	  	50,000
	 Vida Herbal Dutch, LLC
	  	 Delaware,
USA
	  	100%	  	1,000
	 Vida Herbal Suplementos Alimenticios, C.A. (in Venezuela) and VHSA, LLC
(in Delaware)
	  	 Venezuela and
Delaware, USA
	  	100%	  	100%
	 WH Capital Corporation
	  	 Nevada, USA
	  	100%	  	200
	 WH Intermediate Holdings Ltd.
	  	 Cayman
Islands
	  	100%	  	40,001
	 WH Luxembourg Holdings S.à R.L.
	  	 Luxembourg
	  	100%	  	23,636

  
 11 

							
	Restricted Subsidiary	  	Jurisdiction of
Incorporation or
Formation	  	% Owned
by Group
Members	  	
Number of
Shares Owned

by Group
Members

	 WH Luxembourg Intermediate Holdings S.à R.L., LLC
	  	
Delaware, USA
	  	100%	  	100%
	 WHBL Luxembourg S.à R.L.
	  	 Luxembourg
	  	100%	  	100%

  
 12 

 Schedule 3.13(b) 

Agreements Related to Capital Stock 

None. 

  
 13 

 Schedule 5.15 

Post-Closing Matters 
  

	1.	 60 days after the Closing Date for delivery of Mortgages for Mortgaged Properties on Schedule 1.2.

  

	2.	 60 days after the Closing Date for delivery of all opinions of counsel required under Section 5.9(F)(6)
with respect to the Mortgages for Mortgaged Properties on Schedule 1.2. 

  

	3.	 Each Loan Party listed in the table below shall deliver to the Collateral Agent within ten
(10) Business Days of the Closing Date (or such longer period as agreed to by the Collateral Agent in its reasonable discretion) certificates representing the Pledged Equity Interests (as defined in the Security Agreement as in effect on the
Closing Date) of the Subsidiary listed in the table below opposite such Loan Party’s name, in each case, accompanied by undated stock powers (or other appropriate instruments of transfer) executed in blank. 

 

			
	 Loan Party

 
	  	
Subsidiary
  

	 WH Luxembourg Holdings S.à R.L.

 
	  	 HLF
Luxemburg Holdings, Inc.
  

	 Herbalife International, Inc.

 
	  	
Herbalife Korea Co., Ltd.
  

  

	4.	 Each Loan Party listed in the table below shall within thirty (30) days of the Closing Date (or such
longer period as agreed to by the Collateral Agent in its reasonable discretion) either (a) deliver to the Collateral Agent certificates representing the Pledged Equity Interests (as defined in the Security Agreement as in effect on the Closing
Date) of the Subsidiary listed in the table below opposite such Loan Party’s name, in each case, accompanied by undated stock powers (or other appropriate instruments of transfer) executed in blank or (b) confirm to Collateral Agent that
such Subsidiary is uncertificated under applicable local law. 

  

			
	 Loan Party

 
	  	
Subsidiary

	 Herbalife International, Inc.

 
	  	
Herbalife Dominicana, S.R.L.

	 Herbalife International of America, Inc.

 
	  	
Herbalife Dominicana, S.R.L.

  
 14 

 Schedule 6.2(d) 

Existing Indebtedness 
 See
Schedule 1.1(B). 
 Bank guarantee for Corporate Credit Card with Banco de Bogota in an amount of COP 250,000,000. 

Bank guarantees with K Bank to guarantee United Oversesa Bank (UOB) for corporate card credit limited in an amount of THB 3,000,000. 

Bank guarantee with Banca popolare di Novara for CONI Sponsorship in the amount of EUR 102,500. 

Bank guarantee with Societe Generale Bank and Trust for PostNL N.V., for EUR 300,000. 

  
 15 

 Schedule 6.3(f) 

Existing Liens 
 HLF China
Distribution: cash collateral of USD 7,044,583 (as of August 10, 2018) in aggregate for (1) deposit in China Construction Bank per China direct selling regulations, and (2) risk control deposit for corporate credit card application
from China Merchant Bank. 
  

									
	 Debtor
	  	 Secured
Party
	  	
Jurisdiction
	  	 Filing
No.
	  	
Initial
Filing Date

	HERBALIFE MANUFACTURING LLC	  	CROWN CREDIT COMPANY	  	Delaware	  	20093345193	  	10/19/2009
	HERBALIFE MANUFACTURING LLC	  	SACMI USA, LTD	  	Delaware	  	20133305183	  	08/23/2013
	HERBALIFE MANUFACTURING LLC	  	CROWN EQUIPMENT CORPORATION	  	Delaware	  	20153888228	  	09/03/2015
	HERBALIFE INTERNATIONAL OF AMERICA, INC.	  	GENERAL ELECTRIC CAPITAL CORPORATION	  	Nevada	  	2007031156-2	  	09/21/2007
	HERBALIFE INTERNATIONAL OF AMERICA, INC.	  	GENERAL ELECTRIC CAPITAL CORPORATION	  	Nevada	  	2007039017-6	  	11/26/2007
	HERBALIFE INTERNATIONAL OF AMERICA, INC.	  	GENERAL ELECTRIC CAPITAL CORPORATION	  	Nevada	  	2007042616-1	  	12/28/2007
	HERBALIFE INTERNATIONAL OF AMERICA, INC.	  	CISCO SYSTEMS CAPITAL CORPORATION	  	Nevada	  	2010030654-4	  	12/07/2010
	HERBALIFE INTERNATIONAL OF AMERICA, INC.	  	BEVERLY BANK & TRUST COMPANY	  	Nevada	  	2015033172-5	  	12/04/2015
	HERBALIFE INTERNATIONAL OF AMERICA, INC.	  	IBM CREDIT LLC	  	Nevada	  	2016029907-0	  	10/23/2016
	HERBALIFE INTERNATIONAL OF AMERICA, INC.	  	IEMFS, LTD., DBA GSG FINANCIAL	  	Nevada	  	2016033766-6	  	12/05/2016
	HERBALIFE INTERNATIONAL OF AMERICA, INC.	  	IBM CREDIT LLC	  	Nevada	  	2017009499-1	  	04/07/2017
	HERBALIFE INTERNATIONAL OF AMERICA, INC.	  	DELL FINANCIAL SERVICES L.L.C.	  	Nevada	  	2017022073-6	  	08/10/17

  
 16 

 Schedule 6.7(c) 

Existing Investments 
 See
Schedule 3.13(a). 
 17% ownership of MAC&CO, a Korean entity, for purposes of compliance with the Door-to-Door Sales Act. 

  
 17 

 Schedule 6.9(b) 

Existing Affiliate Transactions 

Amended and Restated Support Agreement, dated March 23, 2014, by and among Herbalife Ltd., Carl C. Icahn, Icahn Partners Master Fund LP,
Icahn Offshore LP, Icahn Partners LP, Icahn Onshore LP, Beckton Corp., Hopper Investments LLC, Barberry Corp., High River Limited Partnership, Icahn Capital LP, IPH GP LLC, Icahn Enterprises Holdings LP, and Icahn Enterprises GP Inc. 

  
 18 

 Schedule 6.11 

Existing Negative Pledges 

None. 

  
 19 

 Final Version 

EXHIBIT A 
 to the Credit
Agreement 
 FORM OF SECURITY AGREEMENT 

Provided Separately 

 SECURITY AGREEMENT 

by 
 HERBALIFE
INTERNATIONAL, INC., HLF FINANCING SaRL, LLC 
 and 

THE SUBSIDIARIES OF HERBALIFE NUTRITION LTD. PARTY HERETO, 

as Pledgors 
 in favor of

 JEFFERIES FINANCE LLC, 

as Collateral Agent 

Dated as of August 16, 2018 

 TABLE OF CONTENTS 
  

							
	 	 	 	  	Page	 
	 ARTICLE I DEFINITIONS AND INTERPRETATION; PERFECTION CERTIFICATE
	  	 	6	 
			
	 SECTION 1.01.
	 	 Definitions
	  	 	6	 
	 SECTION 1.02.
	 	 Interpretation
	  	 	12	 
	 SECTION 1.03.
	 	 Perfection Certificate
	  	 	12	 
		
	 ARTICLE II GRANT OF SECURITY AND SECURED OBLIGATIONS
	  	 	12	 
			
	 SECTION 2.01.
	 	 Pledge
	  	 	12	 
	 SECTION 2.02.
	 	 Certain Limited Exclusions
	  	 	13	 
	 SECTION 2.03.
	 	 Secured Obligations; Continuing Liability
	  	 	13	 
		
	 ARTICLE III PERFECTION; SUPPLEMENTS; FURTHER ASSURANCES; USE OF SECURITY AGREEMENT
COLLATERAL
	  	 	14	 
			
	 SECTION 3.01.
	 	 Delivery of Certificated Pledged Equity Interests
	  	 	14	 
	 SECTION 3.02.
	 	 Perfection of Uncertificated Pledged Equity Interests
	  	 	14	 
	 SECTION 3.03.
	 	 Financing Statements, Notices and Other Filings
	  	 	14	 
	 SECTION 3.04.
	 	 Other Actions
	  	 	15	 
	 SECTION 3.05.
	 	 Supplements; Further Assurances
	  	 	16	 
		
	 ARTICLE IV REPRESENTATIONS, WARRANTIES AND COVENANTS
	  	 	18	 
			
	 SECTION 4.01.
	 	 Title
	  	 	18	 
	 SECTION 4.02.
	 	 Organization; Authority; Enforceability
	  	 	18	 
	 SECTION 4.03.
	 	 Authorizations and Approvals
	  	 	18	 
	 SECTION 4.04.
	 	 Goods and Receivables
	  	 	19	 
	 SECTION 4.05.
	 	 Limitation on Liens
	  	 	19	 
	 SECTION 4.06.
	 	 Other Financing Statements
	  	 	19	 
	 SECTION 4.07.
	 	 Chief Executive Office; Change of Name; Jurisdiction of Organization
	  	 	19	 
	 SECTION 4.08.
	 	 Certain Provisions Concerning Securities Collateral
	  	 	20	 
	 SECTION 4.09.
	 	 Certain Provisions Concerning Intellectual Property
	  	 	22	 
	 SECTION 4.10.
	 	 Inspection and Verification
	  	 	24	 
	 SECTION 4.11.
	 	 Payment of Taxes; Contesting Liens; Claims
	  	 	24	 
	 SECTION 4.12.
	 	 Transfers and Other Liens
	  	 	24	 
	 SECTION 4.13.
	 	 Government Contracts
	  	 	24	 
		
	 ARTICLE V REMEDIES
	  	 	25	 
			
	 SECTION 5.01.
	 	 Remedies
	  	 	25	 
	 SECTION 5.02.
	 	 Notice of Sale
	  	 	27	 
	 SECTION 5.03.
	 	 Waiver of Notice and Claims
	  	 	27	 
	 SECTION 5.04.
	 	 Certain Security Agreement Collateral
	  	 	28	 
	 SECTION 5.05.
	 	 No Waiver; Cumulative Remedies
	  	 	29	 

							
	 SECTION 5.06.
	 	 Application of Proceeds
	  	 	29	 
		
	 ARTICLE VI OBLIGATIONS ABSOLUTE; WAIVERS
	  	 	30	 
			
	 SECTION 6.01.
	 	 Liability of the Pledgors Absolute
	  	 	30	 
	 SECTION 6.02.
	 	 General Waivers
	  	 	31	 
	 SECTION 6.03.
	 	 California Waivers
	  	 	32	 
	 SECTION 6.04.
	 	 Other Security
	  	 	32	 
		
	 ARTICLE VII MISCELLANEOUS
	  	 	33	 
			
	 SECTION 7.01.
	 	 Concerning Collateral Agent
	  	 	33	 
	 SECTION 7.02.
	 	 Collateral Agent May Perform; Collateral Agent Appointed Attorney-in-Fact
	  	 	34	 
	 SECTION 7.03.
	 	 Expenses
	  	 	36	 
	 SECTION 7.04.
	 	 Indemnity
	  	 	36	 
	 SECTION 7.05.
	 	 Continuing Security Interest; Assignment
	  	 	37	 
	 SECTION 7.06.
	 	 Termination; Release
	  	 	38	 
	 SECTION 7.07.
	 	 Modification in Writing
	  	 	38	 
	 SECTION 7.08.
	 	 Notices
	  	 	39	 
	 SECTION 7.09.
	 	 Governing Law; Jurisdiction; Consent to Service of Process
	  	 	39	 
	 SECTION 7.10.
	 	 WAIVER OF JURY TRIAL
	  	 	40	 
	 SECTION 7.11.
	 	 Severability of Provisions
	  	 	40	 
	 SECTION 7.12.
	 	 Execution in Counterparts
	  	 	40	 
	 SECTION 7.13.
	 	 Business Days
	  	 	40	 
	 SECTION 7.14.
	 	 No Credit for Payment of Taxes or Imposition
	  	 	40	 
	 SECTION 7.15.
	 	 No Claims Against Collateral Agent
	  	 	40	 
	 SECTION 7.16.
	 	 No Release Under Agreements; No Liability of Collateral Agent or Secured Parties
	  	 	41	 
	 SECTION 7.17.
	 	 Obligations Absolute
	  	 	41	 
	 SECTION 7.18.
	 	 Marshaling; Payments Set Aside
	  	 	42	 
	 SECTION 7.19.
	 	 Release of Pledgors
	  	 	42	 
	 SECTION 7.20.
	 	 Consent of Issuers of Pledged Equity Interests
	  	 	42	 
	 SECTION 7.21.
	 	 Secured Parties
	  	 	42	 
			
	 SECTION 1.
	 	 Defined Terms
	  	 	50	 
			
	 SECTION 2.
	 	 Grant of Security Interest
	  	 	50	 
			
	 SECTION 3.
	 	 Security Agreement
	  	 	51	 
			
	 SECTION 4.
	 	 Governing Law
	  	 	51	 
			
	 SECTION 5.
	 	 Counterparts
	  	 	51	 

  
 ii 

							
	 [NAME OF PLEDGOR],
	  	 	52	 
		
	 as Pledgor
	  	 	52	 
		
	 JEFFERIES FINANCE LLC, as Collateral Agent
	  	 	52	 
		
	 SCHEDULE A to COPYRIGHT SECURITY AGREEMENT
	  	 	53	 
		
	 COPYRIGHT REGISTRATIONS
	  	 	53	 
			
	 SECTION 1.
	 	 Defined Terms
	  	 	54	 
			
	 SECTION 2.
	 	 Grant of Security Interest
	  	 	54	 
			
	 SECTION 3.
	 	 Security Agreement
	  	 	55	 
			
	 SECTION 4.
	 	 Governing Law
	  	 	55	 
			
	 SECTION 5.
	 	 Counterparts
	  	 	55	 
		
	 [NAME OF PLEDGOR],
	  	 	56	 
		
	 as Pledgor
	  	 	56	 
		
	 JEFFERIES FINANCE LLC,, as Collateral Agent
	  	 	56	 
		
	 SCHEDULE A to PATENT SECURITY AGREEMENT
	  	 	57	 
		
	 PATENTS AND PATENT APPLICATIONS
	  	 	57	 
			
	 SECTION 1.
	 	 Defined Terms
	  	 	58	 
			
	 SECTION 2.
	 	 Grant of Security Interest
	  	 	58	 

  
 iii 

							
	 SECTION 3.
	 	 Security Agreement
	  	 	59	 
			
	 SECTION 4.
	 	 Governing Law
	  	 	59	 
			
	 SECTION 5.
	 	 Counterparts
	  	 	59	 
		
	 [NAME OF PLEDGOR],
	  	 	60	 
		
	 as Pledgor
	  	 	60	 
		
	 JEFFERIES FINANCE LLC, as Collateral Agent
	  	 	60	 
		
	 SCHEDULE A to TRADEMARK SECURITY AGREEMENT
	  	 	61	 
		
	 TRADEMARK REGISTRATIONS AND APPLICATIONS
	  	 	61	 

  
 iv 

 SECURITY AGREEMENT 

This SECURITY AGREEMENT (as amended, restated, supplemented or otherwise modified from time to time, this
“Agreement”), dated as of August 16, 2018, is made by HERBALIFE INTERNATIONAL, INC., a Nevada corporation (“HII”), HLF Financing SaRL, LLC, a Delaware limited liability company (the “Term Loan
Borrower”) and each of the Subsidiaries of HERBALIFE NUTRITION LTD., a Cayman Islands exempted company incorporated with limited liability (“Parent”), which is listed on the signature pages hereto or from time to time
becoming a party hereto by execution of a Joinder Agreement, as pledgors and collateral assignors (in such capacities, the “Pledgors”), in favor of JEFFERIES FINANCE LLC (“Jefferies”), in its capacity as collateral
agent (in such capacity and together with any successors in such capacity, “Collateral Agent”) for the Secured Parties referred to below. 

WITNESSETH: 

WHEREAS, simultaneously herewith, HII, Parent, Term Loan Borrower, Herbalife International Luxembourg S.à R.L., a
Luxembourg private limited liability company (société à responsabilité limitée), existing and organized under the laws of Luxembourg, having its registered office at 16, avenue de la Gare, L-1610 Luxembourg and registered with the Luxembourg Register of Commerce and Companies (R.C.S. Luxembourg) under number B 88.006 (“HIL”, and together with HII, Parent and Term Loan Borrower,
the “Revolver Borrowers”; the Revolver Borrowers together with the Term Loan Borrower, are referred to herein as the “Borrowers”), have entered into that certain Credit Agreement, dated as of the date hereof (as
amended, restated, supplemented or modified, the “Credit Agreement”), with Jefferies, as administrative agent for the Term Loan B Lenders (in such capacity, the “Term B Agent”) and as Collateral Agent,
Coöperatieve Rabobank U.A., New York Branch (“Rabobank”), as administrative agent for the Term Loan A Lenders (in such capacity, the “Term A Agent”, and together with the Term B Agent, the “Term
Administrative Agents”, and each a “Term Administrative Agent”), and as an Issuing Bank and as administrative agent for the Revolving Credit Lenders (together with its successors and permitted assigns in such capacity, the
“Revolver Administrative Agent” and, together with the Term Administrative Agents, the “Administrative Agents”; the Term Administrative Agents, the Collateral Agent and the Revolver Administrative Agent are referred
to herein collectively as the “Agents” and each, an “Agent”), and the financial institutions listed on the signature pages thereto as “Lenders”, pursuant to which the Lenders have agreed to make
Loans and to issue Letters of Credit (as defined in the Credit Agreement, the “Credit Agreement L/Cs”) to or for the account of the Borrowers; 

WHEREAS, simultaneously herewith, Parent and certain of its Restricted Subsidiaries have entered into those certain Guaranties
(as defined in the Credit Agreement), dated as of the date hereof, whereby Parent and such Restricted Subsidiaries party thereto have agreed to guarantee the obligations of the Borrowers under the Credit Agreement and under the Specified Hedge
Agreements and Cash Management Obligations referred to below; 
 WHEREAS, in accordance with the Credit Agreement, it is
contemplated that one or more of the Pledgors and other Loan Parties have entered or may enter into one or more Specified Hedge Agreements with one or more of the Qualified Counterparties; 

  
 5 

 WHEREAS, in accordance with the Credit Agreement, it is contemplated that
one or more of the Pledgors and other Loan Parties may enter into one or more agreements with respect to Cash Management Obligations with one or more of the Qualified Counterparties; 

WHEREAS, each Pledgor will receive substantial benefits from the execution, delivery and performance of the Credit Agreement
and the other Loan Documents (as defined in the Credit Agreement), the Specified Hedge Agreements and agreements with respect to Cash Management Obligations and each is, therefore, willing to enter into this Agreement; 

WHEREAS, each Pledgor is or will be the legal or beneficial owner of the rights in the Security Agreement Collateral (defined
below) to be pledged by it hereunder; 
 WHEREAS, it is a condition precedent to the obligations of the Lenders to make
Loans under the Credit Agreement, of the Qualified Counterparties to enter into Specified Hedge Agreements or agreements with respect to Cash Management Obligations, as applicable, and of the Issuing Banks to issue Credit Agreement L/Cs, that each
Pledgor execute and deliver the applicable Loan Documents, including this Agreement; and 
 WHEREAS, this Agreement is given
by each Pledgor in favor of Collateral Agent for its benefit and the benefit of the Secured Parties to secure the payment and performance of all of the Secured Obligations (defined below). 

NOW THEREFORE, in consideration of the foregoing premises and other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the Pledgors and Collateral Agent hereby agree as follows: 
 ARTICLE I 

DEFINITIONS AND INTERPRETATION; PERFECTION CERTIFICATE 

SECTION 1.01.     Definitions. (a) The following capitalized terms have the meanings assigned to them
in the UCC: 
 “Account,” “Bank,” “Certificate of Title,”
“Chattel Paper,” “Commercial Tort Claim,” “Commodity Account,” “Commodity Contract,” “Commodity Intermediary,” “Contract,”
“Document,” “Electronic Chattel Paper,” “Entitlement Holder,” “Entitlement Order,” “Equipment,” “Financial Asset,” “Fixtures,”
“General Intangible,” “Goods,” “Inventory,” “Investment Property,” “Letter-of-Credit
Right,” “Letter of Credit,” “Money,” “Proceeds,” “Record,” “Securities Account,” “Securities Entitlement,” “Securities
Intermediary,” “Supporting Obligation,” “Tangible Chattel Paper” and “Uncertificated Security.” 

(b)       Capitalized terms used in this Agreement (including the preamble and recitals hereof)
but not otherwise defined herein have the meanings assigned to such terms in the Credit Agreement. In this Agreement: 

“Administrative Agents” has the meaning assigned to such term in the recitals hereof. 

“Agents” has the meaning assigned to such term in the recitals hereof. 

  
 6 

 “Agreement” has the meaning assigned to such term in the
preamble hereof. 
 “Borrowers” has the meaning assigned to such term in the recitals hereof.

 “Charges” mean any and all property and other taxes, assessments and special assessments, levies, fees
and all governmental charges imposed on or assessed against, and all claims (including landlords’, carriers’, mechanics’, workmen’s, repairmen’s, laborers’, materialmen’s, suppliers’ and warehousemen’s
Liens and other claims arising by operation of law) against, all or any portion of the Security Agreement Collateral. 

“Collateral Account” shall mean any account established and maintained in accordance with the terms of the
Credit Agreement and the other Loan Documents, and all funds from time to time on deposit in such account, including all cash equivalents, and all certificates and instruments from time to time representing or evidencing such cash equivalents. 

“Collateral Agent” has the meaning assigned to such term in the preamble hereof. 

“Collateral Records” means books, records, ledger cards, files, correspondence, customer lists, blueprints,
technical specifications, manuals, computer software, computer printouts, tapes, disks and related data processing software and similar items that at any time evidence or contain information relating to any of the Security Agreement Collateral or
are otherwise necessary or helpful in the collection thereof or realization thereupon. 
 “Collateral
Support” means all property (real or personal) assigned, hypothecated or otherwise securing any Security Agreement Collateral, including pursuant to any Collateral Document. 

“Control” means the manner in which “control” is achieved under the UCC with respect to any
Security Agreement Collateral for which the UCC specifies a method of achieving “control”. 

“Copyrights” mean, collectively, with respect to each Pledgor, all copyrights (whether statutory or common
law and whether established or registered in the United States or any other country) now owned or hereafter created or acquired by or assigned to such Pledgor, whether published or unpublished, and all copyright registrations and applications made
by such Pledgor, including the copyrights, registrations and applications listed in Section II.A. of the Perfection Certificate, together with any and all (a) rights and privileges arising under applicable law with respect to such
Pledgor’s use of any copyrights, (b) reissues, renewals, continuations and extensions thereof, (c) income, fees, royalties, damages, claims and payments now or hereafter due or payable with respect thereto, including damages and
payments for past, present or future infringements thereof, (d) rights corresponding thereto throughout the world and (e) rights to sue for past, present or future infringements thereof. 

“Credit Agreement” has the meaning assigned to such term in the recitals hereof. 

“Credit Agreement L/C” has the meaning assigned to such term in the recitals hereof. 

  
 7 

 “Deposit Account” means, collectively, with respect to each
Pledgor, (a) all “deposit accounts” as such term is defined in the UCC and in any event shall include any account holding cash collateral and all accounts and sub-accounts relating to any of the
foregoing accounts, and (b) all cash, funds, checks, notes and any instruments from time to time on deposit in any of the accounts or sub-accounts described in clause (a) of this definition. 

“Distributions” mean, collectively, with respect to each Pledgor, all dividends, cash, options, warrants,
rights, instruments, distributions, returns of capital or principal, income, interest, profits and other property, interests (debt or equity) or proceeds, including as a result of a split, revision, reclassification or other like change of the
Pledged Equity Interests, from time to time received, receivable or otherwise distributed to such Pledgor in respect of or in exchange for any or all of the Pledged Equity Interests or Pledged Intercompany Debt. 

“Documents Evidencing Goods” means all Documents evidencing, representing or issued in connection with Goods.

 “HII” has the meaning assigned to such term in the preamble hereof. 

“HIL” has the meaning assigned to such term in the recitals hereof. 

“Indemnified Liabilities” has the meaning assigned to such term in Section 7.04(a).

 “Indemnitees” has the meaning assigned to such term in Section 7.04(a). 

“Instruments” mean, collectively, with respect to each Pledgor, all “instruments,” as such term is
defined in Article 9, rather than Article 3, of the UCC to the extent such instruments evidence any amounts payable under or in connection with any item of Security Agreement Collateral or such instruments constitute Proceeds of any item of Security
Agreement Collateral, and in any event shall include all promissory notes, drafts, bills of exchange or acceptances. 

“Insurance” means all insurance policies covering any or all of the Security Agreement Collateral (regardless
of whether Collateral Agent is the loss payee thereof), and all key-man life insurance policies. 

“Intellectual Property” means, collectively, with respect to each Pledgor, all rights, priorities and
privileges relating to intellectual property, including (a) all Patents, (b) all Trademarks, (c) all Copyrights, (d) all Licenses, (e) the goodwill connected with such Pledgor’s business including all goodwill connected
with the use of and symbolized by any of the Intellectual Property in which such Pledgor has any interest, (f) all know-how, trade secrets, customer and supplier lists, proprietary information,
inventions, methods, procedures, formulae, descriptions, compositions, technical data, drawings, specifications, name plates, catalogs, confidential information and the right to limit the use or disclosure thereof by any Person or entity, pricing
and cost information, business and marketing plans and proposals, consulting agreements, engineering contracts and such other assets, (g) all systems software and applications software (including source code and object code), all documentation
for such software, including, without limitation, user manuals, flowcharts, functional specifications, operations manuals, and all formulas, processes, ideas and know-how embodied in any of the foregoing,
(h) all income, fees, royalties, damages, claims and payments now or hereafter due or payable thereunder and with 

  
 8 

 
respect thereto including damages and payments for past, present or future infringements, misappropriations, dilutions and other violations thereof, (i) rights corresponding thereto
throughout the world, and (j) rights to sue for past, present or future infringements, misappropriations, dilutions and other violations thereof. 

“Intercompany Indebtedness” means Indebtedness (whether or not evidenced by a writing) of any Borrower or any
Subsidiary thereof (including any Pledgor) payable to a Pledgor. 
 “Issuer” means any issuer of any
Pledged Equity Interests. 
 “Lenders” has the meaning assigned to such term in the recitals hereof.

 “Licenses” mean, collectively, with respect to each Pledgor, all license and distribution agreements,
covenants not to sue or any other agreement with any other party with respect to any Patent, Trademark or Copyright, whether such Pledgor is a licensor or licensee, distributor or distributee, assignor or assignee under any such license,
distribution agreement or any other agreement, together with any and all (a) renewals, extensions, supplements and continuations thereof, (b) income, fees, royalties, damages, claims and payments now and hereafter due or payable thereunder
and with respect thereto, including damages and payments for past, present or future breaches or violations thereof, (c) rights to sue for past, present and future breaches or violations thereof, and (d) any other rights to use, exploit or
practice any or all of the Patents, Trademarks or Copyrights. 
 “Material Contract” means any Contract or
other arrangement that any Pledgor is a party to and for which breach, nonperformance, cancellation or failure to renew could reasonably be expected to have a Material Adverse Effect. 

“Non-payment Contract” means any Contract or agreement to which any
Pledgor is a party other than a contract whereby the account debtor’s principal obligation is a monetary obligation; provided that, Non-payment Contracts shall not include Receivables. 

“Parent” has the meaning assigned to such term in the preamble hereof. 

“Patents” mean, collectively, with respect to each Pledgor, all patents issued or assigned to and all patent
applications made by such Pledgor (whether established or registered or recorded in the United States or any other country), including the patents, patent applications and recordings listed Section II.A. of the Perfection Certificate, together with
any and all (a) rights and privileges arising under applicable law with respect to such Pledgor’s use of any patents, (b) inventions and improvements described and claimed therein, (c) reissues, divisions, continuations,
renewals, extensions and continuations-in-part thereof, (d) income, fees, royalties, damages, claims and payments now or hereafter due or payable thereunder and
with respect thereto including damages and payments for past, present or future infringements thereof, (e) rights corresponding thereto throughout the world, and (f) rights to sue for past, present or future infringements thereof. 

“Pledged Equity Interests” mean, collectively, with respect to each Pledgor, (a) the issued and
outstanding Capital Stock of each Person owned by such Pledgor, and (b) all rights, privileges, authority and powers of such Pledgor in and to each such Person or under the 

  
 9 

 
Organizational Documents of each such Person, including without limitation, all voting rights and to the extent applicable, all management rights and all rights as and to become a member or
partner of each such Person, and the certificates, instruments and agreements representing the Pledged Equity Interests and any and all interest of such Pledgor in the entries on the books of any financial intermediary pertaining to the Pledged
Equity Interests. Notwithstanding anything herein to the contrary, the term “Pledged Equity Interests” shall not include any Excluded Assets. 

“Pledged Intercompany Debt” means, with respect to each Pledgor, all Intercompany Indebtedness payable to
such Pledgor by any Borrower or any Subsidiary thereof (and each other intercompany note hereafter acquired by such Pledgor) and all intercompany notes, certificates, Instruments or agreements evidencing such Intercompany Indebtedness, and all
assignments, amendments, restatements, supplements, extensions, renewals, replacements or modifications thereof. Notwithstanding anything herein to the contrary, the term “Pledged Intercompany Debt” shall not include any Excluded Assets.

 “Pledgor” has the meaning assigned to such term in the preamble hereof. 

“Receivables” means all rights to payment, whether or not earned by performance, for Goods or other property
sold, leased, licensed, assigned or otherwise disposed of, or services rendered or to be rendered, including all such rights constituting or evidenced by any Account, Chattel Paper, Instrument, General Intangible or Investment Property, together
with all rights, if any, in any Goods or other property giving rise to such right to payment and all Collateral Support and Supporting Obligations related thereto and all Accounts, Chattel Paper, General Intangibles, Instruments and Receivables
Records. 
 “Receivables Records” means (a) all original copies of all documents, instruments or other
writings or electronic records or other Records evidencing the Receivables; (b) all books, correspondence, credit or other files, Records, ledger sheets or cards, invoices, and other papers relating to Receivables, including all tapes, cards,
computer tapes, computer discs, computer runs, record keeping systems and other papers and documents relating to the Receivables, whether in the possession or under the control of any Pledgor or any computer bureau or agent from time to time acting
for any Pledgor or otherwise; (c) all evidences of the filing of financing statements and the registration of other instruments in connection therewith, and amendments, supplements or other modifications thereto, notices to other creditors or
secured parties, and certificates, acknowledgments, or other writings, including lien-search reports, from filing or other registration officers; (d) all credit information, reports and memoranda relating thereto; and (e) all other written
or nonwritten forms of information related in any way to the foregoing. 
 “Related Parties” has the
meaning assigned to such term in Section 7.04(a). 
 “Restricted Securities
Collateral” has the meaning assigned to such term in Section 5.04(b). 

“Revolver Administrative Agent” has the meaning assigned to such term in the recitals hereof. 

“Revolver Borrowers” has the meaning assigned to such term in the recitals hereof. 

  
 10 

 “Secured Obligations” means with respect to any Pledgor,
all Obligations of such Pledgor, including without limitation, all Cash Management Obligations and all advances to, and debts, liabilities, obligations, covenants and duties of, such Pledgor arising under any Loan Document or otherwise with respect
to any Loan, Letter of Credit or Specified Hedge Agreement, whether direct or indirect (including those acquired by assumption), absolute or contingent, due or to become due, now existing or hereafter arising and including interest and fees that
accrue after the commencement by or against any Loan Party or any Affiliate thereof of any proceeding under any Debtor Relief Laws naming such Person as the debtor in such proceeding, regardless of whether such interest and fees are allowed claims
in such proceeding; provided that the “Secured Obligations” shall exclude any Excluded Swap Obligations. 

“Securities Act” means the Securities Act of 1933, as amended. 

“Securities Collateral” means, collectively, the Pledged Equity Interests, the Pledged Intercompany Debt and
the Distributions. 
 “Security Agreement Collateral” has the meaning assigned to such term in
Section 2.01. 
 “Software Embedded in Goods” means, with respect to any Goods,
any computer program embedded in such Goods and any supporting information provided in connection with a transaction relating to such program if (a) the program is customarily considered part of such Goods or (b) by becoming the owner of
such Goods a Person acquires a right to use such program in connection therewith. 
 “Term Administrative
Agents” has the meaning assigned to such term in the recitals hereof. 
 “Term A Agent” has
the meaning assigned to such term in the recitals hereof. 
 “Term B Agent” has the meaning assigned
to such term in the recitals hereof. 
 “Term Loan Borrower” has the meaning assigned to such term
in the recitals hereof. 
 “Trademarks” mean, collectively, with respect to each Pledgor, all
trademarks (including service marks), slogans, logos, certification marks, domain names, trade dress, corporate names and trade names, whether registered or unregistered, owned by or assigned to such Pledgor and all registrations and applications
for the foregoing (whether statutory or common law and whether established or registered in the United States or any other country) including the registrations and applications listed in Section II.A. of the Perfection Certificate, together with any
and all (a) rights and privileges arising under applicable law with respect to such Pledgor’s use of any trademarks, (b) reissues, continuations, extensions and renewals thereof, (c) income, fees, royalties, damages and payments
now and hereafter due or payable thereunder and with respect thereto, including damages, claims and payments for past, present or future infringements and dilutions thereof, (d) rights corresponding thereto throughout the world, and
(e) rights to sue for past, present and future infringements and dilutions thereof. 
 “UCC” means the
Uniform Commercial Code as in effect from time to time in the State of New York; provided that, if by reason of mandatory provisions of law, the perfection or the 

  
 11 

 
effect of perfection or nonperfection or priority of, or remedies with respect to, the security interest in any item or portion of the Security Agreement Collateral is governed by the Uniform
Commercial Code as in effect in a jurisdiction other than the State of New York, “UCC” also means the Uniform Commercial Code as in effect in such other jurisdiction for purposes of the provisions hereof relating to such perfection
or effect of perfection or nonperfection, priority or remedies. 
 SECTION 1.02.     Interpretation. The
rules of interpretation specified in the Credit Agreement, including Section 1.2 thereof, shall be applicable to this Agreement. If any conflict or inconsistency exists between this Agreement and the Credit Agreement, the Credit Agreement shall
govern. 
 SECTION 1.03.     Perfection Certificate. Collateral Agent and each Pledgor agree that the
Perfection Certificate and all descriptions of Security Agreement Collateral, schedules, amendments and supplements thereto are and shall at all times remain a part of this Agreement. 

ARTICLE II 
 GRANT OF
SECURITY AND SECURED OBLIGATIONS 
 SECTION 2.01.     Pledge. As collateral security for the payment and
performance in full of all the Secured Obligations, each Pledgor hereby grants to Collateral Agent, for its benefit and for the benefit of the Secured Parties, a security interest in and continuing lien on all personal property of such Pledgor,
including all of such Pledgor’s right, title and interest in, to and under all of the following property, wherever located, whether now owned or existing, or hereafter arising or acquired from time to time (collectively, the “Security
Agreement Collateral”): 
 (i)         all Accounts; 

(ii)        all Chattel Paper; 

(iii)       all Commercial Tort Claims now or hereafter set forth on Schedule 3.04(b) hereto;

 (iv)       all Contracts (including, in any event, Material Contracts and Non-payment Contracts); 
 (v)        all Deposit
Accounts; 
 (vi)       all Documents; 

(vii)      all General Intangibles; 

(viii)     all Goods (including, in any event, Equipment, Fixtures, Inventory, Documents Evidencing Goods
and Software Embedded in Goods); 
 (ix)       all Instruments; 

(x)        all Insurance; 

  
 12 

 (xi)       all Intellectual Property; 

(xii)      all Investment Property and Financial Assets; 

(xiii)     all Letters of Credit and
Letter-of-Credit Rights; 
 (xiv)
    all Money; 
 (xv)      all Receivables; 

(xvi)     all Securities Collateral; 

(xvii)    all books and Records relating to any and/or all of the foregoing; 

(xviii)   to the extent not otherwise included above, all Collateral Records, Collateral Support and Supporting
Obligations relating to any and/or all of the foregoing; and 
 (xix)     to the extent not otherwise
included above, all other personal property and all Proceeds and products of, accessions and additions to, profits and rents from, and replacements for or in respect of any of the foregoing; 

it being understood that, subject to the other provisions hereof and of the Credit Agreement, the foregoing grant of a
security interest shall not diminish any Pledgor’s exclusive right and license to use, or grant to other Persons license or sublicenses in, the Intellectual Property. 

SECTION 2.02.     Certain Limited Exclusions. Notwithstanding anything herein to the contrary, in no event
shall the security interest granted under Section 2.01 attach to, and the Security Agreement Collateral shall not include any Excluded Assets; provided, that the exclusions referred to in the definition of Excluded
Assets as it relates to any property or asset owned or hereafter acquired by any Pledgor shall not include any Proceeds of such assets, unless such Proceeds are also Excluded Assets. Collateral Agent agrees that, at any Pledgor’s reasonable
request and expense, it will provide such Pledgor confirmation that the assets described in this Section 2.02 are in fact excluded from the Security Agreement Collateral. 

SECTION 2.03.     Secured Obligations; Continuing Liability. 

(a)       Security for Obligations. This Agreement secures, and the Security Agreement
Collateral is collateral security for, the payment and performance in full when due of all the Secured Obligations. 

(b)       Continuing Liability under Security Agreement Collateral. Notwithstanding
anything herein to the contrary, (i) each Pledgor shall remain liable under each of the obligations and agreements included in the Security Agreement Collateral, including any obligations or agreements relating to any Pledged Equity Interests,
to perform all of the obligations undertaken by it thereunder, all in accordance with the terms and provisions thereof, and neither Collateral Agent nor any Secured Party shall have any obligation or liability
(x)

  
 13 

 
under any of such agreements by reason of this Agreement or any other document relating hereto, or (y) to make any inquiry regarding the nature or sufficiency of any payment received by it,
or have any obligation to take any action to collect or enforce any rights under any agreement included in the Security Agreement Collateral, including any agreements relating to any Pledged Equity Interests; (ii) the exercise by Collateral
Agent of any of its rights hereunder shall not release any Pledgor from any of its duties or obligations under the contracts and agreements included in the Security Agreement Collateral; and (iii) nothing herein is intended to or shall be a
delegation of duties to Collateral Agent or any other Secured Party. 
 ARTICLE III 

PERFECTION; SUPPLEMENTS; FURTHER ASSURANCES; USE OF SECURITY AGREEMENT COLLATERAL 

SECTION 3.01.     Delivery of Certificated Pledged Equity Interests. All certificates, agreements or
instruments representing or evidencing the Pledged Equity Interests, to the extent not previously delivered to Collateral Agent, shall promptly upon receipt thereof by any Pledgor be delivered to and held by or on behalf of Collateral Agent pursuant
hereto. All certificated Pledged Equity Interests shall be in suitable form for transfer by delivery or shall be accompanied by duly executed instruments of transfer or assignment in blank, all in form and substance satisfactory to Collateral Agent.
Collateral Agent shall have the right, at any time upon the occurrence and during the continuance of any Event of Default, to endorse, assign or otherwise transfer to or to register in the name of Collateral Agent or any of its nominees or endorse
for negotiation any or all of Pledged Equity Interests, without any indication that such Pledged Equity Interests are subject to the security interest hereunder. In addition, Collateral Agent shall have the right, at any time upon the occurrence and
during the continuance of any Event of Default, to exchange certificates representing or evidencing Pledged Equity Interests for certificates of smaller or larger denominations. 

SECTION 3.02.     Perfection of Uncertificated Pledged Equity Interests. None of the Pledged Equity
Interests constituting Security Agreement Collateral and consisting of an interest in a partnership or a limited liability company (i) is dealt in or traded on a securities exchange or in a securities market, (ii) is registered as an
investment company, or (iii) by its terms expressly provides that it is a security governed by Article 8 of the Uniform Commercial Code of any jurisdiction. If any Issuer of Pledged Equity Interests is organized in a jurisdiction that does not
permit the use of certificates to evidence equity ownership, or if any of the Pledged Equity Interests are at any time not evidenced by certificates of ownership, then each applicable Pledgor shall, to the extent permitted by applicable law, record
such pledge on the equityholder register or the books of the Issuer. In addition, if any Pledged Equity Interest is an Uncertificated Security, upon request by the Collateral Agent such Pledgor shall cause the Issuer thereof to agree in writing with
such Pledgor and the Collateral Agent that such Issuer will comply with instructions with respect to such Uncertificated Security originated by the Collateral Agent without further consent of such Pledgor, such agreement to be in form and substance
reasonably satisfactory to the Agent. 
 SECTION 3.03.     Financing Statements, Notices and Other
Filings. Each Pledgor agrees that at any time and from time to time, at the sole cost and expense of the Pledgors, it will 

  
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execute and file and refile (in accordance with Section 3.04), or permit Collateral Agent to file and refile, (a) such financing statements, continuation statements
and other documents (including this Agreement), in form acceptable to Collateral Agent, in such offices as Collateral Agent may deem necessary or appropriate, wherever required by law to perfect, continue and maintain a valid, enforceable,
first-priority security interest in the Security Agreement Collateral as provided herein and to preserve the other rights and interests granted to Collateral Agent hereunder, as against third parties, with respect to any Security Agreement
Collateral, (b) with regard to Copyrights, a Notice of Grant of Security Interest in Copyrights substantially in the form of Exhibit A or other form acceptable to the Collateral Agent, (c) with regard to Patents,
a Notice of Grant of Security Interest in Patents for filing with the USPTO substantially in the form of Exhibit B or other form acceptable to the Collateral Agent, and (d) with regard to Trademarks, a Notice of Grant
of Security Interest in Trademarks for filing with the USPTO substantially in the form of Exhibit C or other form acceptable to the Collateral Agent. The foregoing notwithstanding, so long as no Event of Default has
occurred and is continuing, the Pledgors’ obligations hereunder to reimburse the Collateral Agent or the other Secured Parties for any filings or recordations contemplated hereby shall be limited to the reimbursement of costs and expenses
reasonably incurred in connection with the filing and recordation of UCC financing statements and continuation statements and other filings and recordations expressly contemplated herein. 

SECTION 3.04.     Other Actions. To further ensure the attachment, perfection and priority of, and the
ability of Collateral Agent to enforce, Collateral Agent’s security interest in the Security Agreement Collateral, each Pledgor acknowledges and agrees as follows: 

(a)       UCC Financing Statements. Each Pledgor hereby irrevocably authorizes
Collateral Agent at any time and from time to time to file in any relevant jurisdiction any financing statements (including fixture filings), continuation statements, and amendments thereto that contain the information required by Article 9 of the
UCC of each applicable jurisdiction for the filing of any financing statement or amendment, including (i) whether the Pledgor is an organization, the type of organization and any organizational identification number issued to such Pledgor and
(ii) in the case of a financing statement filed as a fixture filing, a sufficient description of the real property to which such Security Agreement Collateral relates. The Pledgor agrees to provide such information to Collateral Agent promptly
upon request. Such financing statements or amendments may describe the Security Agreement Collateral as “all assets” or “all personal property, whether now owned or hereafter acquired,” or in any other manner that Collateral
Agent, in its sole discretion, deems necessary, advisable or prudent to ensure the perfection of the security interests granted hereunder. Each Pledgor hereby ratifies its authorization for Collateral Agent to file in any relevant jurisdiction any
financing statements or amendments thereto if filed prior to the date hereof. 
 (b)      
Commercial Tort Claims. No Pledgor has any Commercial Tort Claims as to which legal proceedings have been instituted other than those described on Schedule 3.04(b). If any Pledgor shall at any time after the date hereof hold or acquire
a Commercial Tort Claim and such Pledgor, in the exercise of its reasonable business judgment, elects to pursue such Commercial Tort Claim, such Pledgor shall contemporaneously with the delivery of financial statements in accordance with
Section 5.1(a) and (b) of the Credit Agreement deliver to Collateral Agent a written supplement to Schedule 3.04(b) hereto containing the brief details 

  
 15 

 
thereof and grant to Collateral Agent in such writing a security interest therein and in the Proceeds thereof, all in accordance with this Agreement, with such writing to be in form and substance
satisfactory to Collateral Agent. 
 (c)       Instruments, Tangible Chattel Paper and
Documents. If any amount payable under or in connection with any of the Security Agreement Collateral shall be or become evidenced by any Instrument or Tangible Chattel Paper having an aggregate principal amount equal to or in excess of $250,000
individually or $1,000,000 in the aggregate, or if any property constituting Security Agreement Collateral shall be stored or shipped subject to a Document and such property has a value equal to or in excess of $250,000 individually or $1,000,000 in
the aggregate, such Pledgor shall ensure that such Instrument, Tangible Chattel Paper or Document is either in the possession of such Pledgor at all times or, if requested by the Collateral Agent to perfect its security interest in such Security
Agreement Collateral, is delivered to the Collateral Agent duly endorsed in a manner reasonably satisfactory to the Collateral Agent. Such Pledgor shall ensure that any Security Agreement Collateral consisting of Tangible Chattel Paper is marked
with a legend acceptable to the Collateral Agent indicating the Collateral Agent’s security interest in such Tangible Chattel Paper. 

(d)       Electronic Chattel Paper and Uncertificated Investment Property. If any
Security Agreement Collateral shall consist of Electronic Chattel Paper having an aggregate principal amount equal to or in excess of $250,000 individually or $1,000,000 in the aggregate or
uncertificated Investment Property, upon request of the Collateral Agent, such Pledgor shall cause to be executed and delivered to the Collateral Agent all assignments, instruments or other documents as reasonably requested by the Collateral Agent
for the purposes of obtaining and maintaining Control of such Security Agreement Collateral; provided, that, in any case, no Pledgor shall be required to deliver control agreements with respect to any Deposit Account, Securities Account or
Commodity Account. 
 SECTION 3.05.     Supplements; Further Assurances. (a) The Pledgors shall
cause each Person that, from time to time after the date hereof, shall be required to pledge any assets to Collateral Agent for the benefit of the Secured Parties pursuant to the provisions of the Credit Agreement, to execute and deliver to
Collateral Agent a Joinder Agreement (in form and substance reasonably satisfactory to the Collateral Agent) and, upon such execution and delivery, such Person shall constitute a “Pledgor” for all purposes hereunder with the same force and
effect as if originally named as a Pledgor herein. The execution and delivery of such Joinder Agreement shall not require the consent of any Pledgor hereunder. The rights and obligations of each Pledgor hereunder shall remain in full force and
effect notwithstanding the addition of any new Pledgor as a party to this Agreement. 

(b)       Upon obtaining any Pledged Equity Interests of any Person, each Pledgor shall accept
the same in trust for the benefit of Collateral Agent and within the timeframe required by the terms of the Credit Agreement deliver to Collateral Agent the certificates and other documents required under this ARTICLE III in respect of the
additional Pledged Equity Interests, or evidence of the recordation of such pledge on the equityholder register or the books of the Issuer in respect of uncertificated Pledged Equity Interests, in each case, that is to be pledged pursuant to this
Agreement, and confirming the attachment of the Lien hereby created on and in respect of such additional Pledged Equity Interests. 

  
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 (c)       Upon (i) the filing of any
applications for, or the issuance or registration of, any Copyrights, Patents or Trademarks of any Pledgor with the United States Copyright Office or the USPTO, (ii) the acquisition by any Pledgor of any Copyrights, Patents or Trademarks issued
by, registered with, or the subject of an application before the United States Copyright Office or the USPTO, or (iii) the filing of a statement of use or an amendment to allege use with respect to any intent-to-use Trademark application owned by any Pledgor, each Pledgor shall deliver to Collateral Agent within the timeframe required by the terms of the Credit Agreement, a Notice of Grant of Security
Interest in Copyrights substantially in the form of Exhibit A or other form reasonably acceptable to the Collateral Agent in respect of any such Copyrights, a Notice of Grant of Security Interest in Patents for filing with
the USPTO substantially in the form of Exhibit B or other form reasonably acceptable to the Collateral Agent in respect of any such Patents, and a Notice of Grant of Security Interest in Trademarks for filing with the USPTO
substantially in the form of Exhibit C or other form reasonably acceptable to the Collateral Agent in respect of any such Trademarks, in each case, that are pledged pursuant to this Agreement, and confirming the attachment
of the Lien hereby created on and in respect of such Copyrights, Patents or Trademarks. 

(d)       Subject to Section 5.9 of the Credit Agreement, each Pledgor agrees to take such
further actions, and to execute and deliver to Collateral Agent such additional assignments, agreements, supplements, powers and instruments, as Collateral Agent may in its reasonable judgment deem necessary or appropriate, to perfect, preserve and
protect the security interest in the Security Agreement Collateral as provided herein and the rights and interests granted to Collateral Agent hereunder, to carry into effect the purposes hereof or to better assure and confirm unto Collateral Agent
or permit Collateral Agent to exercise and enforce its rights, powers and remedies hereunder with respect to any Security Agreement Collateral. By way of example, such actions may include appearing in and defending any action or proceeding, at
Collateral Agent’s request, that may affect such Pledgor’s title to or Collateral Agent’s security interest in all or any part of the Security Agreement Collateral. Upon the reasonable request of Collateral Agent, each Pledgor shall
further make, execute, endorse, acknowledge, file or refile or deliver to Collateral Agent from time to time such lists, descriptions and designations of the Security Agreement Collateral, copies of warehouse receipts, receipts in the nature of
warehouse receipts, bills of lading, documents of title, vouchers, invoices, schedules, confirmatory assignments, supplements, additional security agreements, conveyances, financing statements, transfer endorsements, powers of attorney,
certificates, reports and other assurances or instruments. If an Event of Default has occurred and is continuing, Collateral Agent may institute and maintain, in its own name or in the name of any Pledgor, such suits and proceedings as Collateral
Agent deems necessary or expedient to prevent any impairment of the security interest in or the perfection thereof in the Security Agreement Collateral. All of the foregoing shall be at the sole cost and expense of the Pledgors. 

(e)       For the avoidance of doubt, the Pledgors and Collateral Agent acknowledge that this
Agreement is intended to grant to Collateral Agent, for the benefit of the Secured Parties, a security interest in and continuing Lien on the Security Agreement Collateral, and does not constitute a present assignment of ownership rights, a transfer
of ownership or title to any Security Agreement Collateral, except as otherwise provided herein following the occurrence and during the continuance of an Event of Default. Unless an Event of Default shall have occurred and be continuing, Collateral
Agent agrees from time to time to deliver, upon 

  
 17 

 
written request of any Pledgor and at such Pledgor’s sole cost and expense (including reasonable expenses of counsel to, among other things, review the effect thereof on Collateral
Agent’s security interest granted hereunder), any and all instruments, certificates or other documents, in a form reasonably requested by such Pledgor, necessary or appropriate in the reasonable judgment of such Pledgor to enable such Pledgor
to continue to exploit, license, use and protect the Security Agreement Collateral in accordance with the terms hereof and of the Credit Agreement. 

ARTICLE IV 

REPRESENTATIONS, WARRANTIES AND COVENANTS 

Each Pledgor represents, warrants and covenants as follows: 

SECTION 4.01.     Title. Except for the security interest granted to Collateral Agent for its benefit and
for the benefit of the Secured Parties pursuant to this Agreement and Permitted Liens, such Pledgor owns the rights in each item of Security Agreement Collateral pledged by it hereunder, and with regard to each item of Security Agreement Collateral
now existing or hereafter acquired, will continue to own or have such rights, in each case free and clear of any and all Liens or claims of others. No effective financing statement or other public notice with respect to all or any part of the
Security Agreement Collateral is on file or of record in any public office, except such as have been filed in favor of Collateral Agent pursuant to this Agreement, are permitted by the Credit Agreement, or for which proper termination statements or
other release documentation have been delivered to Collateral Agent for filing. No Person other than Collateral Agent has control or possession of all or any part of the Security Agreement Collateral, except as permitted hereby or by the Credit
Agreement. 
 SECTION 4.02.    Organization; Authority; Enforceability. Such Pledgor (a) is duly
organized or incorporated and validly existing under the laws of the jurisdiction of its organization or incorporation, (b) has all requisite power and authority to enter into this Agreement and to carry out the obligations hereunder, and
(c) has duly executed and delivered this Agreement. This Agreement and each other document, statement, or instrument relating hereto, when executed and delivered by such Pledgor, will constitute, a legal, valid and binding obligation of such
Pledgor, enforceable in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditors’ rights generally and subject to general principles of equity, regardless of whether
considered in a proceeding in equity or at law. 
 SECTION 4.03.     Authorizations and Approvals. No
authorization, approval or other action by, and no notice to or filing with, any Governmental Authority is required for either (i) the pledge or grant by such Pledgor of the Liens purported to be created in favor of Collateral Agent hereunder,
or (ii) the exercise by Collateral Agent of any rights or remedies in respect of any Security Agreement Collateral, in each case except for (a) the filings and registrations contemplated under the Collateral Documents, including filings
necessary to perfect (or, in the case of equity interests of Foreign Subsidiaries, create or enforce) Liens created under the Loan Documents, and as may be required in connection with the disposition of any Securities Collateral (by laws generally
affecting the offering and sale of securities) or by laws pertaining to Intellectual Property, (b) the authorizations, approvals, actions, notices and filings listed on 

  
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Schedule 3.4 of the Credit Agreement, all of which have been duly obtained, taken, given or made and are in full force and effect, and (c) consents, approvals, registrations, filings or
actions the failure of which to obtain or perform could not reasonably be expected to result in a Material Adverse Effect. 

SECTION 4.04.     Goods and Receivables. Such Pledgor shall (a) not deliver any negotiable Document
evidencing any Goods to any Person other than the issuer of such negotiable Document to claim the Goods evidenced therefor or the Collateral Agent and (b) each of the Pledgors will collect and enforce, in accordance with past practices and in
the ordinary course of business, all amounts due to such Pledgor under the Receivables owned by it. Such Pledgor will deliver to the Collateral Agent promptly upon its reasonable request after the occurrence and during the continuance of an Event of
Default duplicate invoices with respect to each Receivable owned by it, bearing such language of assignment as the Collateral Agent shall reasonably specify in connection with its exercise of remedies hereunder. 

SECTION 4.05.     Limitation on Liens. Such Pledgor shall, at its own cost and expense, defend title to
the Security Agreement Collateral pledged by it hereunder and the priority of the security interest therein and Lien thereon granted to Collateral Agent against all claims and demands of all Persons, at its own cost and expense, at any time claiming
(except to the extent related to a Permitted Lien) any interest therein adverse to Collateral Agent or any other Secured Party. 

SECTION 4.06.     Other Financing Statements. So long as any of the Secured Obligations remain unpaid, or
the Commitments of the Lenders to make any Loan or to issue any Credit Agreement L/Cs shall not have expired or been sooner terminated, such Pledgor shall not execute, authorize or permit to be filed in any public office any financing statement (or
similar statement or instrument of registration under the law of any jurisdiction) or statements relating to any Security Agreement Collateral, except, in each case, financing statements filed or to be filed in respect of and covering the security
interests granted by such Pledgor to the holder of Permitted Liens. 
 SECTION 4.07.      Chief
Executive Office; Change of Name; Jurisdiction of Organization. (a) As of the Closing Date, such Pledgor’s exact legal name, type and jurisdiction of organization or incorporation, federal taxpayer and organizational identification numbers
of such Pledgor (if applicable) is set forth in the Perfection Certificate delivered on the Closing Date, and its chief executive office is set forth in the Perfection Certificate delivered on the Closing Date. Such Pledgor shall not (i) change
its corporate name, (ii) change its identity or type of organization or corporate structure, (iii) change its federal taxpayer identification number or organizational identification number (including by merging with or into any other
entity, reorganizing, dissolving, liquidating, reincorporating or incorporating in any other jurisdiction) or (iv) change its jurisdiction of organization or location of chief executive office unless (A) it shall have given Collateral
Agent not less than 30 days’ prior written notice of its intention so to do, clearly describing such change and providing such other information in connection therewith as Collateral Agent may request, and (B) with respect to such change,
such Pledgor shall have taken all action that Collateral Agent deems necessary or desirable to maintain the perfection of the security interest of Collateral Agent for the benefit of the Secured Parties in the Security Agreement Collateral intended
to be granted hereby. Each Pledgor agrees to promptly provide 

  
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Collateral Agent with certified organizational documents reflecting any of the changes described in the preceding sentence. 

(b)       Such Pledgor agrees to maintain, at its own cost and expense, such complete and accurate records with
respect to the Security Agreement Collateral owned by it as is consistent with its current practices and in accordance with such prudent and standard practices used in industries that are the same as or similar to those in which such Pledgor is
engaged, but in any event to include complete accounting records as required by the Credit Agreement, and, at such time or times as Collateral Agent may request, promptly to prepare and deliver to Collateral Agent a duly certified schedule or
schedules in form and detail satisfactory to Collateral Agent showing in summary form the identity, amount and location of any and all Security Agreement Collateral (except Security Agreement Collateral in the possession or control of Collateral
Agent). 
 SECTION 4.08.     Certain Provisions Concerning Securities Collateral. (a) Such Pledgor
has delivered to Collateral Agent true, correct and complete copies of its Organizational Documents with respect to its organization or domestication in any State or territory of the United States, which are in full force and effect and have not as
of the date hereof been amended or modified except as permitted by the Credit Agreement. Such Pledgor shall deliver to Collateral Agent a copy of any notice of default given or received by it under any Organizational Document within ten days after
such Pledgor gives or receives such notice. 
 (b)       Such Pledgor is not in default in
the payment of any portion of any mandatory capital contribution, if any, required to be made under any agreement to which such Pledgor is a party relating to the Pledged Equity Interests pledged by it, and such Pledgor is not in violation of any
other provisions of any such agreement to which such Pledgor is a party, or otherwise in default or violation thereunder, except where such default or noncompliance, individually or in the aggregate, could not reasonably be expected to have a
Material Adverse Effect. No Securities Collateral pledged by such Pledgor is subject to any defense, offset or counterclaim, nor have any of the foregoing been asserted or alleged against such Pledgor by any Person with respect thereto, and as of
the date hereof, there are no certificates, instruments, documents or other writings (other than the Organizational Documents and certificates, if any, delivered to Collateral Agent) that evidence any Pledged Equity Interests of such Pledgor. 

(c)       So long as no Event of Default shall have occurred and be continuing (and the
Borrowers and such Pledgor have not received written notice relating to such Event of Default from Collateral Agent): 

(i)       Such Pledgor shall be entitled to exercise any and all voting and other consensual
rights pertaining to the Securities Collateral or any part thereof for any purpose not inconsistent with the terms or purposes hereof, the Credit Agreement, or any other Loan Document evidencing the Secured Obligations; provided that, such
Pledgor shall not in any event exercise such rights in any manner that would reasonably be expected to have a material adverse effect on the value of the Security Agreement Collateral or the Lien and security interest intended to be granted to
Collateral Agent hereunder; 

  
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 (ii)       Such Pledgor shall be entitled to
receive and retain, and to utilize free and clear of the Lien hereof, any and all Distributions, but only if and to the extent made in accordance with the provisions of the Credit Agreement; provided that, any and all such Distributions
consisting of rights or interests in the form of certificated securities shall be delivered to Collateral Agent to hold as Security Agreement Collateral and shall, if received by such Pledgor, be received in trust for the benefit of Collateral
Agent, be segregated from the other property or funds of such Pledgor and be delivered to Collateral Agent as Security Agreement Collateral in the same form as so received (with any necessary endorsement), in each case as and when required pursuant
to ARTICLE III hereof; and 
 (iii)      Without further action or formality, Collateral Agent
shall be deemed to have granted to such Pledgor all necessary consents relating to voting rights and shall, if necessary, upon written request of such Pledgor and at the sole cost and expense of the Pledgors, from time to time execute and deliver
(or cause to be executed and delivered) to such Pledgor all such instruments as such Pledgor may reasonably request to permit such Pledgor to exercise the voting and other rights that it is entitled to exercise pursuant to
Section 4.08(c)(i) and to receive the Distributions that it is authorized to receive and retain pursuant to Section 4.08(c)(i). 

(d)       Upon the occurrence and during the continuance of any Event of Default (and once any
Borrower or any Pledgor has received written notice relating to such Event of Default from Collateral Agent): 

(i)        All rights of such Pledgor to exercise the voting and other consensual rights
it would otherwise be entitled to exercise pursuant to Section 4.08(c)(i) without any action or the giving of any notice shall cease, and all such rights shall thereupon become vested in Collateral Agent, which shall
thereupon have the sole right to exercise such voting and other consensual rights; and 
 (ii)
      All rights of such Pledgor to receive Distributions that it would otherwise be authorized to receive and retain pursuant to Section 4.08(c)(ii) shall cease and all such rights shall
thereupon become vested in Collateral Agent, who shall thereupon have the sole right to receive and hold as Security Agreement Collateral such Distributions; 

provided that, the rights described in clauses (i) and (ii) above shall revert back to such Pledgor following the
cure or waiver of such Event of Default. 
 (e)       Such Pledgor shall, at its sole cost
and expense, from time to time execute and deliver to Collateral Agent appropriate instruments as Collateral Agent may request to permit Collateral Agent to exercise the voting and other rights that it may be entitled to exercise pursuant to
Section 4.08(d)(i) and to receive all Distributions that it may be entitled to receive under Section 4.08(d)(ii). 

(f)        All Distributions that are received by such Pledgor contrary to the
provisions of Section 4.08(d)(ii) shall be received in trust for the benefit of Collateral Agent, 

  
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shall be segregated from other funds of such Pledgor and shall promptly be paid over to Collateral Agent as Security Agreement Collateral in the same form as so received (with any necessary
endorsement). 
 (g)       Each Pledgor hereby authorizes and instructs each Issuer with
respect to any Pledged Equity Interests to (A) comply with any written instruction received by it from the Collateral Agent that (1) states that an Event of Default has occurred and is continuing and (2) is otherwise in accordance
with the terms of this Agreement, without any other or further instructions from such Pledgor, and each Pledgor agrees that each Issuer shall be fully protected in so complying following receipt of such notice and prior to the time that such Event
of Default is no longer continuing, and (B) except as otherwise expressly permitted hereby, pay any dividends, distributions or other payments with respect to any Pledged Equity Interests directly to the Collateral Agent. 

SECTION 4.09.     Certain Provisions Concerning Intellectual Property. (a) Such Pledgor agrees that
it will not, nor will it knowingly permit or authorize any of its licensees to, do any act, or omit to do any act, whereby any issued Patent may become invalidated, dedicated to the public, or unenforceable, and agrees that it shall continue to mark
any products covered by a Patent with the relevant Patent Number or indication that such product is subject to a pending Patent application as necessary and sufficient to establish and preserve its maximum rights under applicable patent laws, except
where the failure to so mark would not be reasonably likely to result in a Material Adverse Effect. 

(b)      Such Pledgor (either itself or through its licensees or its sublicensees) will, for
each material Trademark, (i) maintain such Trademark in full force free from any claim of abandonment or invalidity for nonuse, (ii) not materially diminish the value of such Trademark or the goodwill associated therewith,
(iii) display such Trademark with notice of federal or foreign registration to the extent necessary and sufficient to establish and preserve its maximum rights under applicable law, except where the failure to display with such notice would not
be reasonably likely to result in a Material Adverse Effect, and (iv) not knowingly use or knowingly permit the use of such Trademark in violation of any third party rights. 

(c)       Such Pledgor (either itself or through licensees) will, for each work covered by a
material Copyright, continue to publish, reproduce, display, adopt and distribute the work with appropriate copyright notice as necessary and sufficient to establish and preserve its maximum rights under applicable copyright laws, except where the
failure to include such notice would not be reasonably likely to result in a Material Adverse Effect. 

(d)       Such Pledgor shall notify Collateral Agent promptly if it knows or has reason to know
that any Intellectual Property material to such Pledgor’s business (whether individually or in the aggregate) may become, or knows of circumstances that would cause any such Intellectual Property to become: (i) abandoned, lost or dedicated
to the public; (ii) invalid or unenforceable; or (iii) subject to any adverse determination or development regarding such Pledgor’s ownership of any Intellectual Property, its right to register the same, or to keep and maintain the
same. 
 (e)       Such Pledgor will take all reasonable steps in the United States Patent
and Trademark Office, United States Copyright Office or any office or agency in any political 

  
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subdivision of the United States, Canada or in any other country, to maintain and pursue each application relating to the Intellectual Property (and to obtain the relevant grant or registration)
and to maintain each issued Patent and each registration of the Trademarks and Copyrights, including timely filings of applications for renewal, affidavits of use, affidavits of incontestability and payment of maintenance fees, and to initiate
opposition, interference and cancellation proceedings against third parties, in each case where necessary for the operation of such Pledgor’s business as presently conducted and as contemplated by the Credit Agreement. 

(f)       In the event that such Pledgor knows that any Security Agreement Collateral
consisting of Intellectual Property material to the conduct of such Pledgor’s business has been or is about to be infringed, misappropriated or diluted by a third party, such Pledgor promptly shall notify Collateral Agent and shall promptly sue
for infringement, misappropriation or dilution and to recover any and all damages for such infringement, misappropriation or dilution, or take such other actions as are appropriate under the circumstances to protect such Security Agreement
Collateral, except where the failure to so notify or take such actions would not be reasonably likely to result in a Material Adverse Effect. 

(g)       Upon the occurrence and during the continuance of an Event of Default, such Pledgor
shall use its commercially reasonable efforts to obtain all requisite consents or approvals by the licensor of each License to effect the assignment of all of such Pledgor’s right, title and interest thereunder to the Collateral Agent or its
designee. 
 (h)       Solely for the purpose of enabling Collateral Agent to exercise its
rights and remedies upon the occurrence of an Event of Default, such Pledgor hereby grants to Collateral Agent, to the extent assignable, an irrevocable, nonexclusive and assignable license (exercisable without payment of royalty or other
compensation to such Pledgor) to use, license or sublicense or otherwise exploit any of the Intellectual Property now owned or hereafter acquired by such Pledgor, wherever the same may be located, including in such license access to all media in
which any of the licensed items may be recorded or stored and to all software and computer programs used for the compilation or printout thereof, and subject to, in the case of Trademarks, reasonable quality control measures as necessary to avoid
the invalidation of such Trademarks. 
 (i)        Except with the prior consent of
Collateral Agent or as permitted under the Credit Agreement, such Pledgor shall not execute any financing statement or other document or instrument, and there will not be on file in any public office any effective financing statement or other
document or instruments, except financing statements or other documents or instruments filed or to be filed in favor of Collateral Agent or in respect of Permitted Liens, and such Pledgor shall not sell, assign, transfer, license, grant any option
in, or create any Lien, claim, security interest or other encumbrance on or with respect to the Intellectual Property, or suffer to exist any effective Lien, claim, security interest or other encumbrance on or with respect to the Intellectual
Property, except for the security interest created by and under this Security Agreement and Permitted Liens as otherwise permitted by the Credit Agreement. 

(j)        It shall hereafter use commercially reasonable efforts so as not to permit the
inclusion in any contract to which it hereafter becomes a party of any provision that would materially impair or prevent the creation of a security interest in, or the assignment of, such 

  
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Pledgor’s rights and interests in any property included within the definitions of any Intellectual Property acquired under such contracts. 

SECTION 4.10.     Inspection and Verification. Collateral Agent or any representative designated by
Collateral Agent shall have the same access and inspection rights as granted to the Lenders by the Borrowers pursuant to Section 5.6(b) of the Credit Agreement; provided that, upon the occurrence and during the continuance of an Event of
Default, Collateral Agent and its representatives shall at all times have the right to enter any premises of such Pledgor and inspect any property of such Pledgor where any of the Security Agreement Collateral of such Pledgor is located for the
purpose of inspecting the same, observing its use, protecting its interests therein, or otherwise exercising the remedies provided under Article V at any time during normal business hours and without advance notice. For the avoidance of doubt, in
respect of Accounts or Security Agreement Collateral in the possession of any third Person, upon the occurrence and during the continuance of an Event of Default, Collateral Agent or any designated representative shall have the right to contact such
account debtors or third Persons in possession of such Security Agreement Collateral for verification purposes. Collateral Agent shall have the absolute right to share any information it gains from such inspection or verification with any other
Secured Party. 
 SECTION 4.11.     Payment of Taxes; Contesting Liens; Claims. Such Pledgor
represents and warrants that all Charges imposed on or assessed against the Security Agreement Collateral have been paid and discharged except to the extent such Charges constitute Permitted Liens of the types set forth in clauses (a) and
(b)(i) of Section 6.3 of the Credit Agreement. Notwithstanding the foregoing, such Pledgor may at its own expense contest the validity, amount or applicability of any Charges so long as the contest thereof is made in good faith by appropriate
proceedings and with respect to which reserves in conformity with GAAP have been provided on the books of such Pledgor. Notwithstanding the foregoing provisions of this Section 4.11, no contest of any such obligation may be
pursued by such Pledgor if such contest would expose Collateral Agent or any other Secured Party to any possible criminal liability. 

SECTION 4.12.     Transfers and Other Liens. Such Pledgor shall not sell, convey, assign or otherwise
dispose of, or grant any option with respect to, any of the Security Agreement Collateral pledged by it hereunder except as permitted by the Credit Agreement. Such Pledgor shall not make or permit to be made an assignment for security, pledge or
hypothecation of the Security Agreement Collateral or shall grant any other Lien in respect of the Security Agreement Collateral, except as permitted by Section 6.3 of the Credit Agreement. 

SECTION 4.13.     Government Contracts. Such Pledgor shall promptly notify the Collateral Agent, in
writing, if it enters into any contract with a Governmental Authority under which such Governmental Authority, as account debtor, owes a monetary obligation to any Pledgor under any Account in excess of $1,000,000. 

  
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 ARTICLE V 

REMEDIES 

SECTION 5.01.     Remedies. Upon the occurrence and during the continuance of any Event of Default,
Collateral Agent may from time to time exercise in respect of the Security Agreement Collateral, in addition to the other rights and remedies provided for herein or otherwise available to it by any applicable Requirement of Law (including, but not
limited to, levy of attachment, garnishment and the rights and remedies set forth in the UCC of the jurisdiction applicable to the affected Security Agreement Collateral), the rights and remedies of a secured party under the UCC (regardless of
whether the UCC is the law of the jurisdiction where the rights and remedies are asserted and regardless of whether the UCC applies to the affected Security Agreement Collateral): 

(a)       Personally, or by agents or attorneys, immediately take possession of the Security
Agreement Collateral or any part thereof, from any Pledgor or any other Person who then has possession of any part thereof with or without notice or process of law, and for that purpose may enter on any Pledgor’s premises where any of the
Security Agreement Collateral is located without any obligation to a Pledgor to pay rent, remove such Security Agreement Collateral with or without judicial process, remain present at such premises to receive copies of all communications and
remittances relating to the Security Agreement Collateral and use in connection with such removal and possession any and all services, supplies, aids and other facilities of any Pledgor; 

(b)       Demand, sue for, collect or receive any money or property at any time payable or
receivable in respect of the Security Agreement Collateral and file any claim or take any other action or proceeding to protect and realize upon the security interest of the Secured Parties in the Security Agreement Collateral, including notifying,
or requiring any Pledgor to notify, the obligor or obligors on any agreement, instrument or other obligation constituting part of the Security Agreement Collateral of the security interest of the Collateral Agent therein and/or instructing, or
requiring any Pledgor to instruct, such obligor to make any payment required by the terms of such agreement, instrument or other obligation directly to Collateral Agent, and in connection with any of the foregoing, compromise, settle, extend the
time for payment and make other modifications with respect thereto; provided that, in the event that any such payments are made directly to any Pledgor, prior to receipt by any such obligor of such notice and/or instruction, such Pledgor
shall segregate all amounts received pursuant thereto in trust for the benefit of Collateral Agent and shall promptly (but in no event later than one Business Day after receipt thereof) pay such amounts into the Collateral Account; the Collateral
Agent shall have the right, but not the obligation, to make test verifications of the Accounts in any manner and through any medium that it reasonably considers advisable, and the Pledgors shall furnish all such reasonable assistance and information
as the Collateral Agent may reasonably require in connection with such test verifications, and the Collateral Agent in its own name or in the name of others may communicate with account debtors on the Accounts to verify with them to the Collateral
Agent’s satisfaction the existence, amount and terms of any Accounts; 
 (c)       Sell,
assign, grant a license to use or otherwise liquidate, or direct any Pledgor to sell, assign, grant a license to use or otherwise liquidate, any and all investments made 

  
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in whole or in part with the Security Agreement Collateral or any part thereof, and take possession of the proceeds of any such sale, assignment, license or liquidation; 

(d)       Take possession of the Security Agreement Collateral or any part thereof by directing
any Pledgor in writing to deliver the same to Collateral Agent at any place or places so designated by Collateral Agent, in which event such Pledgor shall at its own expense: (i) forthwith cause the same to be moved to the place or places
designated by Collateral Agent and there delivered to Collateral Agent, (ii) store and keep any Security Agreement Collateral so delivered to Collateral Agent at such place or places pending further action by Collateral Agent and
(iii) while the Security Agreement Collateral shall be so stored and kept, provide such security and maintenance services as shall be necessary to protect the same and to preserve and maintain them in good condition. Each Pledgor’s
obligation to deliver the Security Agreement Collateral as contemplated in this Section 5.01(d) is of the essence hereof. Upon application to a court of equity having jurisdiction, Collateral Agent shall be entitled to a
decree requiring specific performance by any Pledgor of such obligation; 
 (e)
      Withdraw all moneys, instruments, securities and other property in any bank, financial securities, deposit or other account of any Pledgor constituting Security Agreement Collateral for application to the Secured
Obligations as provided in Article VII of the Credit Agreement; 
 (f)       Retain and apply
the Distributions to the Secured Obligations as provided in the Credit Agreement; 
 (g)
      Exercise any and all rights as beneficial and legal owner of the Security Agreement Collateral, including perfecting assignment of and exercising any and all voting, consensual and other rights and powers with
respect to any Security Agreement Collateral; and 
 (h)       All the rights and remedies of
a secured party on default under the UCC, and Collateral Agent may also in its sole discretion, without notice except as specified in Section 5.02, sell, assign or grant a license to use the Security Agreement Collateral or
any part thereof in one or more parcels at public or private sale, at any exchange, broker’s board or at any of Collateral Agent’s offices or elsewhere, for cash, on credit or for future delivery, and at such price or prices and on such
other terms as Collateral Agent deems commercially reasonable. Collateral Agent or any other Secured Party or any of their respective Affiliates may be the purchaser, licensee, assignee or recipient of any or all of the Security Agreement Collateral
at any such public sale, and to the extent permitted by law, upon any such private sale, and shall be entitled, for the purpose of bidding and making settlement or payment of the purchase price for all or any portion of the Security Agreement
Collateral sold, assigned or licensed at such sale, credit bid, to use and apply any of the Secured Obligations owed to such Person as a credit on account of the purchase price of any Security Agreement Collateral payable by such Person at such
sale. Each purchaser, assignee, licensee or recipient at any such sale shall acquire the property sold, assigned or licensed absolutely free from any claim or right on the part of any Pledgor, and each Pledgor hereby waives and releases, to the
fullest extent permitted by law, all rights or equities of redemption, stay and appraisal that it now has or may at any time in the future have under any rule of law or statute now existing or hereafter enacted. The Collateral Agent may sell the
Security Agreement Collateral without giving any warranties as to 

  
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the Security Agreement Collateral. The Collateral Agent may specifically disclaim or modify any warranties of title or the like. Collateral Agent shall not be obligated to make any sale of
Security Agreement Collateral regardless of notice of sale having been given. Collateral Agent may adjourn any public or private sale from time to time by announcement at the time and place fixed therefor, and such sale may, without further notice,
be made at the time and place to which it was so adjourned. Each Pledgor hereby waives, to the fullest extent permitted by law, any claims against Collateral Agent arising by reason of the fact that the price at which any Security Agreement
Collateral may have been sold, assigned or licensed at such a private sale was less than the price that might have been obtained at a public sale, even if Collateral Agent accepts the first offer received and does not offer such Security Agreement
Collateral to more than one offeree. The Collateral Agent may also in its sole discretion, and it would not be deemed commercially unreasonable, to dispose of the Security Agreement Collateral or any portion thereof by using Internet sites that
provide for the auction of assets of the types included in the Security Agreement Collateral or that have the reasonable capability of doing so, or that have the reasonable capability of doing so, or that match buyers and sellers of assets. Each
Pledgor agrees that the internet shall constitute a “place” for purposes of Section 9-610(b) of the UCC and that any sale of Security Agreement Collateral to a licensor pursuant to the terms of
a license agreement between such licensor and a Pledgor is sufficient to constitute a commercially reasonable sale (including as to method, terms, manner, and time) within the meaning of Section 9-610 of
the UCC. 
 (i)       Upon the written demand of Collateral Agent, each Pledgor shall execute
and deliver to Collateral Agent an assignment or assignments of the registered Intellectual Property and such other documents as are necessary or appropriate to carry out the intent and purposes hereof. 

(j)       In the event of any Disposition of any of the Intellectual Property by the Collateral
Agent pursuant to the exercise of remedies under this ARTICLE V, the goodwill of the business connected with and symbolized by any Trademarks subject to such Disposition shall be included, and the applicable Pledgor shall supply the Collateral Agent
or its designee with such Pledgor’s know-how and expertise, and with documents and things embodying the same, relating to the exploitation of such Intellectual Property, including the manufacture,
distribution, advertising, marketing and sale of products or the provision of services under such Intellectual Property, and such Pledgor’s customer lists and other records and documents relating to such Intellectual Property and to the
manufacture, distribution, advertising, marketing and sale of such products and services. 
 SECTION 5.02.
    Notice of Sale. Each Pledgor acknowledges and agrees that, to the extent notice of sale shall be required by law, ten days’ notice to such Pledgor of the time and place of any public sale or of the time after which any
private sale or other intended disposition is to take place shall be commercially reasonable notification of such matters. No notification need be given to any Pledgor if it has signed, during the occurrence of an Event of Default, a statement
renouncing or modifying any right to notification of sale or other intended disposition. 
 SECTION 5.03.
    Waiver of Notice and Claims. Each Pledgor hereby waives, to the fullest extent permitted by applicable law, notice or judicial hearing in connection with Collateral Agent’s taking possession or Collateral Agent’s
disposition of any of the Security Agreement Collateral, including any and all prior notice and hearing for any prejudgment remedy or 

  
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remedies and any such right that such Pledgor would otherwise have at law or under equity, and each Pledgor hereby further waives, to the fullest extent permitted by applicable law: (a) all
damages occasioned by such taking of possession, (b) all other requirements as to the time, place and terms of sale or other requirements with respect to the enforcement of Collateral Agent’s rights hereunder and (c) all rights or
equities of redemption, appraisal, valuation, stay, extension and moratorium now or hereafter in force under any applicable law. Collateral Agent shall not be liable for any incorrect or improper payment made pursuant to this ARTICLE V in the
absence of gross negligence or willful misconduct. Any sale of, or the grant of options to purchase, or any other realization on, any Security Agreement Collateral shall operate to divest all right, title, interest, claim and demand, either at law
or in equity, of the applicable Pledgor therein and thereto, and shall be a perpetual bar both at law and in equity against such Pledgor and against any and all Persons claiming or attempting to claim the Security Agreement Collateral so sold,
optioned or realized on, or any part thereof, from, through or under such Pledgor. 
 SECTION 5.04.    
Certain Security Agreement Collateral. 
 (a)       Each Pledgor recognizes that, by reason
of certain prohibitions contained in the Securities Act, and applicable state securities laws, Collateral Agent may be compelled, with respect to any sale of all or any part of the Securities Collateral, to limit purchasers to Persons who will
agree, among other things, to acquire such Securities Collateral for their own account, for investment and not with a view to the distribution or resale thereof. Each Pledgor acknowledges that any such private sales may be at prices and on terms
less favorable to Collateral Agent than those obtainable through a public sale without such restrictions (including a public offering made pursuant to a registration statement under the Securities Act), and, notwithstanding such circumstances,
agrees that any such private sale shall be deemed to have been made in a commercially reasonable manner and that Collateral Agent shall have no obligation to engage in public sales and no obligation to delay the sale of any Securities Collateral for
the period of time necessary to permit the issuer thereof to register it for a form of public sale requiring registration under the Securities Act or under applicable state securities laws, even if such issuer would agree to do so. 

(b)       If the Collateral Agent shall determine that in order to exercise its right to sell
any or all of the Securities Collateral it is necessary or advisable to have such Securities Collateral registered under the provisions of the Securities Act (any such Securities Collateral, the “Restricted Securities Collateral”),
the relevant Pledgor will cause each applicable Issuer (and the officers and directors thereof) that is a Pledgor or a Subsidiary of a Pledgor to (A) execute and deliver all such instruments and documents, and do or cause to be done all such
other acts as may be, in the opinion of the Collateral Agent, necessary or advisable to register such Restricted Securities Collateral, or that portion thereof to be sold, under the provisions of the Securities Act, (B) use its commercially
reasonable efforts to cause the registration statement relating thereto to become effective and to remain effective for a period of one year from the date of the first public offering of such Restricted Securities Collateral, or that portion thereof
to be sold, and (C) make all amendments thereto and/or to the related prospectus which, in the opinion of the Collateral Agent, are necessary or advisable, all in conformity with the requirements of the Securities Act and the rules and
regulations of the Securities and Exchange Commission applicable thereto. Each Pledgor agrees to cause each applicable Issuer (and the officers and directors thereof) to comply with the provisions of the securities or “Blue Sky” laws of
any and 

  
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all jurisdictions which the Collateral Agent shall designate and to make available to its security holders, as soon as practicable, an earnings statement (which need not be audited) which will
satisfy the provisions of the Securities Act. 
 (c)       Each Pledgor agrees to use its
commercially reasonable efforts to do or cause to be done all such other acts as may be necessary to make such sale or sales of all or any portion of the Restricted Securities Collateral valid and binding and in compliance with any and all other
applicable Requirements of Law. Each Pledgor further agrees that a breach of any of the covenants contained in this ARTICLE V will cause irreparable injury to the Collateral Agent and the other Secured Parties, that the Collateral Agent and the
other Secured Parties have no adequate remedy at law in respect of such breach and, as a consequence, that each and every covenant contained in this ARTICLE V shall be specifically enforceable against such Pledgor, and such Pledgor hereby waives and
agrees not to assert any defenses against an action for specific performance of such covenants except for a defense that no Event of Default has occurred under the Credit Agreement. 

SECTION 5.05.     No Waiver; Cumulative Remedies. (a) No failure on the part of Collateral Agent to
exercise, no course of dealing with respect to, and no delay on the part of Collateral Agent in exercising, any right, power or remedy hereunder shall operate as a waiver thereof; nor shall any single or partial exercise of any such right, power or
remedy hereunder preclude any other or further exercise thereof or the exercise of any other right, power or remedy; nor shall Collateral Agent be required to look first to, enforce or exhaust any other security, collateral or guarantees. The
remedies herein provided are cumulative and are not exclusive of any remedies provided by law. 

(b)       In the event that Collateral Agent shall have instituted any proceeding to enforce
any right, power or remedy under this Agreement by foreclosure, sale, entry or otherwise, and such proceeding shall have been discontinued or abandoned for any reason or shall have been determined adversely to Collateral Agent, then and in every
such case, the Pledgors, Collateral Agent and each other Secured Party shall be restored to their respective former positions and rights hereunder with respect to the Security Agreement Collateral, and all rights, remedies and powers of Collateral
Agent and the other Secured Parties shall continue as if no such proceeding had been instituted. 
 SECTION
5.06.     Application of Proceeds. After the exercise of remedies provided for in ARTICLE VII of the Credit Agreement (or after the Loans have automatically become immediately due and payable and the LC Exposure has automatically
been required to be cash collateralized (in a manner consistent with Section 2.7(j) of the Credit Agreement)) any payments in respect of the Secured Obligations and any proceeds of the Security Agreement Collateral, when received by the
Collateral Agent or any Secured Party in cash or cash equivalents will be applied in reduction of the Secured Obligations in the order set forth in the Credit Agreement. Each Pledgor shall remain liable for any deficiency if the proceeds of any sale
or other disposition of the Security Agreement Collateral are insufficient to pay its Secured Obligations and the fees and disbursements of any attorneys employed by any Secured Party to collect such deficiency. 

  
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 ARTICLE VI 

OBLIGATIONS ABSOLUTE; WAIVERS 

SECTION 6.01.     Liability of the Pledgors Absolute. Each Pledgor agrees that its obligations hereunder
are irrevocable, absolute, independent, unconditional, and shall not be affected by any circumstance that constitutes a legal or equitable discharge of a pledgor or surety, except for payment in full of the Secured Obligations. In furtherance of the
foregoing and without limiting the generality thereof, each Pledgor agrees as follows: 

(a)       the obligations of each Pledgor hereunder are independent of the obligations of each
other Pledgor and each guarantor of the obligations of the Loan Parties, and separate actions may be brought and prosecuted against such Pledgor whether or not any action is brought against any other Pledgor or guarantor, and whether or not such
other Pledgor or guarantor is joined in any such actions; 
 (b)       payment by any Loan
Party of a portion of the Secured Obligations shall in no way limit, affect, modify or abridge such Pledgor’s grant hereunder securing any portion of the Secured Obligations that has not been paid. By way of example and without limiting the
generality of the foregoing, if Collateral Agent is awarded a judgment in any suit brought to enforce any Loan Party’s covenant to pay a portion of the Secured Obligations, such judgment shall not be deemed to release such Pledgor from its
grant hereunder securing the portion of the Secured Obligations that is not the subject of such suit, and such judgment shall not, except to the extent satisfied by such Pledgor, limit, affect, modify or abridge any other Pledgor’s grant
hereunder securing the Secured Obligations; 
 (c)       upon such terms as Collateral Agent
deems appropriate, without obligation to give notice or demand, without affecting the validity or enforceability hereof, and without giving rise to any reduction, limitation, impairment, discharge or termination of the security interests granted
hereunder or such Pledgor’s liability hereunder, Collateral Agent may, from time to time, (i) renew, extend, accelerate, increase the rate of interest on, or otherwise change the time, place and manner or terms of payment of any of the
Secured Obligations in accordance with the terms of the other Loan Documents; (ii) settle, compromise, release or discharge, or accept or refuse any offer of performance with respect to, or substitutions for, any of the Secured Obligations or
any agreement relating thereto, or subordinate the payment of the same to the payment of any other obligations; (iii) request and accept other pledges as security for any of the Secured Obligations, and take and hold security for the payment
hereof or any of the Secured Obligations; (iv) release, surrender, exchange, substitute, compromise, settle, rescind, waive, alter, subordinate or modify, with or without consideration, any security for payment of any of the Secured
Obligations, any guarantees of any of the Secured Obligations, or any other obligation of any Person (including any other Pledgor) with respect to any of the Secured Obligations; (v) enforce and apply any security now or hereafter held by it in
respect hereof or any of the Secured Obligations, and direct the order or manner of sale thereof, or exercise any other right or remedy that it may have against any such security, including foreclosure on any such security in accordance with one or
more judicial or nonjudicial sales, whether or not every aspect of any such sale is economically reasonable, and even though such action operates to impair or extinguish any right of reimbursement or subrogation or other right or remedy of any

  
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Pledgor against any other Loan Party, or any security for any of the Secured Obligations; and (vi) exercise any other rights available to it under the Loan Documents; and 

(d)       this Agreement and such Pledgor’s obligations hereunder shall be valid and
enforceable, and shall not be subject to any reduction, limitation, impairment, discharge or termination for any reason (other than payment in full of all the Secured Obligations), including the occurrence of any of the following (whether or not
such Pledgor shall have had notice or knowledge of any of them): (i) any failure or omission to assert or enforce, any agreement or election not to assert or enforce, or any stay or enjoining by order of any court, by operation of law or otherwise,
of the exercise or enforcement of any claim or demand, or any right, power or remedy (whether arising under the Loan Documents, at law, in equity, or otherwise) with respect to the Secured Obligations or any agreement related thereto, or with
respect to any other guarantee of or security for the payment of the Secured Obligations; (ii) any rescission, waiver, amendment or modification of, or any consent to departure from, any of the terms or provisions (including provisions relating
to events of default) hereof, any of the other Loan Documents, any agreement or instrument executed pursuant thereto, or any guarantee or other security for the Secured Obligations or any agreement relating thereto at any time being found to be
illegal, invalid or unenforceable in any respect; (iii) the application of payments received from any source (other than payments received pursuant to the other Loan Documents or from the proceeds of any security for the Secured Obligations,
except to the extent such security also serves as collateral for Indebtedness other than the Secured Obligations); (iv) consent of Collateral Agent or any other Secured Party to the change, reorganization or termination of the corporate structure or
existence of any Loan Party or any Subsidiary thereof, and to any corresponding restructuring of the Secured Obligations; (v) any failure to perfect or continue perfection of a security interest in any collateral that secures any of the Secured
Obligations; (vi) any defenses, set-offs or counterclaims that any Loan Party may allege or assert against Collateral Agent or any other Secured Party in respect of the Secured Obligations, including
failure of consideration, breach of warranty, payment, statute of frauds, statute of limitations, accord and satisfaction, and usury; and (vii) any other act, thing or omission, or delay to do any other act or thing, that in any manner and to
any extent may vary such Pledgor’s risk as a grantor of security securing the Secured Obligations. 
 SECTION 6.02.
    General Waivers. Each Pledgor hereby waives, for the benefit of Collateral Agent and the Secured Parties: (a) all rights to require Collateral Agent or any other Secured Party, as a condition to exercising Collateral
Agent’s rights hereunder against the Security Agreement Collateral, to (i) proceed against any other Loan Party, any other pledgor (including any other Pledgor) of security securing any of the Secured Obligations, or any other Person,
(ii) proceed against or exhaust any security held from any other Loan Party, any such other pledgor or any other Person, (iii) proceed against or have resort to any balance of any Deposit Account or credit on the books of Collateral Agent
or any other Secured Party in favor of any other Loan Party or any other Person, or (iv) pursue any other remedy whatsoever in the capacity of secured party; (b) any defense arising by reason of incapacity, lack of authority, or any
disability or other defenses of any other Loan Party, including any defense based on or arising from the lack of validity or enforceability of any of the Secured Obligations or any agreement or instrument relating thereto, or by reason of the
cessation of the liability of any other Loan Party from any cause other than the payment in full of all the Secured Obligations; (c) any defense based on any statute or rule of law that provides that the obligation of a surety

  
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must be neither larger in amount nor in other respects more burdensome than that of the principal; (d) any defense based on errors or omissions by Collateral Agent or any other Secured Party
in the administration of any of the Secured Obligations, except behavior that amounts to bad faith, gross negligence or willful misconduct; (e) any principles or provisions of law, statutory or otherwise, that are or may be in conflict with the
terms hereof, and any legal or equitable discharge of such Pledgor’s obligations hereunder; (f) the benefit of any statute of limitations affecting such Pledgor’s counterclaims; (g) promptness, diligence and any requirement that
Collateral Agent or any other Secured Party protect, secure, perfect or insure any security interest or Lien or any property subject thereto; (h) notices, demands, presentments, protests, notices of protest, notices of dishonor and notices of
any action or inaction, including acceptance hereof, notices of default hereunder, notices of any renewal, extension or modification of any of the Secured Obligations or any agreement related thereto, notices of any extension of credit to any other
Loan party and notices of any of the matters referred to in Section 6.01, and any right to consent to any thereof; and (i) any defenses or benefits that may be derived from or afforded by law that limit the liability of or exonerate
pledgors or sureties, or that may conflict with the terms hereof. 
 SECTION 6.03.     California
Waivers. For purposes of this Section 6.03 only, references to the “principal” include each Loan Party and references to the “creditor” include each Secured Party. In accordance with Section 2856 of
the California Civil Code, each Pledgor waives all rights and defenses (i) available to such Pledgor by reason of Sections 2787 through 2855, 2899, and 3433 of the California Civil Code, including all rights or defenses such Pledgor may have by
reason of protection afforded to the principal with respect to any of the Secured Obligations, or to any other Person liable for any of the Secured Obligations, in either case in accordance with the antideficiency or other laws of the State of
California limiting or discharging the principal’s Indebtedness or such Person’s obligations, including Sections 580a, 580b, 580d and 726 of the California Code of Civil Procedure; and (ii) arising out of an election of remedies by
the creditor, even though such election, such as a nonjudicial foreclosure with respect to security for any Secured Obligation (or any obligation of any other Person of any of the Secured Obligations), has destroyed such Pledgor’s right of
subrogation and reimbursement against the principal (or such other Person), by operation of Section 580d of the California Code of Civil Procedure or otherwise. No other provision of this Agreement shall be construed as limiting the generality
of any of the covenants and waivers set forth in this Section 6.03. As provided below, this Agreement shall be governed by, and shall be construed and enforced in accordance with the laws of the State of New York. This
Section 6.03 is included solely out of an abundance of caution, and shall not be construed to mean that any of the above-referenced provisions of California law are in any way applicable to this Agreement or to any of the
Secured Obligations. 
 SECTION 6.04.     Other Security. To the extent that any of the Secured
Obligations are now or hereafter secured by property other than the Security Agreement Collateral (including, without limitation, real property and securities owned by a Pledgor), or by a guarantee, endorsement or property of any other Person, then
the Collateral Agent shall have the right to proceed against such other property, guarantee or endorsement upon the occurrence of any Event of Default, and the Collateral Agent shall have the right, in its sole discretion, to determine which rights,
security, liens, security interests or remedies the Collateral Agent shall at any time pursue, relinquish, subordinate, modify or take with respect thereto, without in any way modifying or affecting any of them or the Secured Obligations or any of
the rights of the Collateral Agent or the Secured Parties under this 

  
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Agreement, under any other of the Loan Documents or under any other document relating to the Secured Obligations. 

ARTICLE VII 
 MISCELLANEOUS

 SECTION 7.01.     Concerning Collateral Agent. (a) Collateral Agent has been appointed as
Collateral Agent pursuant to Article VIII of the Credit Agreement. The actions of Collateral Agent hereunder are subject to the provisions of the Credit Agreement. Collateral Agent shall have the right hereunder to make demands, to give notices, to
exercise or refrain from exercising any rights, and to take or refrain from taking action (including the release or substitution of the Security Agreement Collateral), in accordance with this Agreement and the Credit Agreement. Collateral Agent may
employ agents and attorneys-in-fact in connection herewith. Collateral Agent may resign and a successor Collateral Agent may be appointed in the manner provided in the
Credit Agreement. Upon the acceptance of any appointment as Collateral Agent by a successor Collateral Agent, that successor Collateral Agent shall thereupon succeed to and become vested with all the rights, powers, privileges and duties of the
retiring Collateral Agent under this Agreement, and the retiring Collateral Agent shall thereupon be discharged from its duties and obligations under this Agreement. After any retiring Collateral Agent’s resignation, the provisions hereof shall
inure to its benefit as to any actions taken or omitted to be taken by it under this Agreement while it was Collateral Agent. 

(b)       Collateral Agent shall be deemed to have exercised reasonable care in the custody and
preservation of the Security Agreement Collateral in its possession if such Security Agreement Collateral is accorded treatment substantially equivalent to that which Collateral Agent, in its individual capacity, accords its own property consisting
of similar instruments or interests, it being understood that neither Collateral Agent nor any of the Secured Parties shall have responsibility for (i) ascertaining or taking action with respect to calls, conversions, exchanges, maturities,
tenders or other matters relating to any Securities Collateral, whether or not Collateral Agent or any other Secured Party has or is deemed to have knowledge of such matters, or (ii) taking any necessary steps to preserve rights against any
Person with respect to any Security Agreement Collateral. 
 (c)       Collateral Agent shall
be entitled to rely on any written notice, statement, certificate, order or other document or any telephone message believed by it to be genuine and correct and to have been signed, sent or made by the proper Person, and, with respect to all matters
pertaining to this Agreement and its duties hereunder, on advice of counsel selected by it. 
 (d)
      With respect to any of its rights and obligations as a Lender, Collateral Agent shall have and may exercise the same rights and powers hereunder. The term “Lenders,” “Lender” or any similar
terms shall, unless the context clearly otherwise indicates, include Collateral Agent in its individual capacity as a Lender. Collateral Agent may accept deposits from, lend money to, and generally engage in any kind of banking, trust or other
business with such Pledgor or any Affiliate of such Pledgor to the same extent as if Collateral Agent were not acting as Collateral Agent. 

  
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 (e)       If any item of Security Agreement
Collateral also constitutes collateral granted to Collateral Agent under any other Collateral Document, in the event of any conflict between the provisions hereof and the provisions of such other Collateral Document in respect of such collateral,
Collateral Agent, in its sole discretion, shall select which provision or provisions shall control. 
 SECTION
7.02.     Collateral Agent May Perform; Collateral Agent Appointed Attorney-in-Fact. If an Event of Default shall have occurred and be continuing,
Collateral Agent may (but shall not be obligated to) remedy or cause to be remedied any such breach, and may expend funds for such purpose; provided that, Collateral Agent shall in no event be bound to inquire into the validity of any tax,
lien, imposition or other obligation that such Pledgor fails to pay or perform as and when required hereby and that such Pledgor does not contest in accordance with the provision of Section 6.3 of the Credit Agreement. Any and all amounts so
expended by Collateral Agent shall be paid by the Pledgors in accordance with the provisions of Section 7.03. Neither the provisions of this Section 7.02 nor any action taken by Collateral Agent
pursuant to the provisions of this Section 7.02 shall prevent any such failure by any Pledgor to observe any covenant contained in this Agreement nor any breach of warranty from constituting an Event of Default. Each
Pledgor hereby appoints Collateral Agent its attorney-in-fact, with full authority in the place and stead of such Pledgor and in the name of such Pledgor, or otherwise,
from time to time during the continuance of an Event of Default in Collateral Agent’s discretion to take any action and to execute any instrument consistent with the terms hereof and the other Loan Documents that Collateral Agent may deem
necessary or advisable to accomplish the purposes hereof, including, without limitation, any or all of the following actions: 

(i)       to demand, collect, settle, compromise, adjust, give discharges and
releases, all as the Collateral Agent may reasonably determine; 
 (ii)      to
commence and prosecute any actions at any court for the purposes of collecting any Security Agreement Collateral and enforcing any other right in respect thereof; 

(iii)      to defend, settle or compromise any action brought and, in connection
therewith, give such discharge or release as the Collateral Agent may deem reasonably appropriate; 
 (iv)
     to receive, open and dispose of mail addressed to a Pledgor and endorse checks, notes, drafts, acceptances, money orders, bills of lading, warehouse receipts or other instruments or documents evidencing payment,
shipment or storage of the goods giving rise to the Security Agreement Collateral of such Pledgor on behalf of and in the name of such Pledgor, or securing, or relating to such Security Agreement Collateral; 

(v)       to sell, assign, transfer, make any agreement in respect of, or
otherwise deal with or exercise rights in respect of, any Security Agreement Collateral or the goods or services which have given rise thereto, as fully and completely as though the Collateral Agent were the absolute owner thereof for all purposes;

  
 34 

 (vi)       to adjust and
settle claims under any insurance policy relating thereto; 
 (vii)      to
execute and deliver all assignments, conveyances, statements, financing statements, continuation financing statements, security agreements, affidavits, notices and other agreements, instruments and documents that the Collateral Agent may determine
necessary in order to perfect and maintain the security interests and liens granted in this Agreement and in order to fully consummate all of the transactions contemplated herein; 

(viii)     to institute any foreclosure proceedings that the Collateral Agent may deem
appropriate; 
 (ix)       to sign and endorse any drafts, assignments,
proxies, stock powers, verifications, notices and other documents relating to the Security Agreement Collateral; 

(x)         to exchange any of the Pledged Equity Interests or
other property upon any merger, consolidation, reorganization, recapitalization or other readjustment of the Issuer thereof and, in connection therewith, deposit any of the Pledged Equity Interests with any committee, depository, transfer agent,
registrar or other designated agency upon such terms as the Collateral Agent may reasonably deem appropriate; 

(xi)       after written notice to such Pledgor in accordance with
Section 4.08, to vote for a shareholder resolution, or to sign an instrument in writing, sanctioning the transfer of any or all of the Pledged Equity Interests into the name of the Collateral Agent or one or more of the Secured Parties or into
the name of any transferee to whom the Pledged Equity Interests or any part thereof may be sold pursuant to ARTICLE V hereof; 

(xii)       to pay or discharge taxes, liens, security interests or other
encumbrances levied or placed on or threatened against the Security Agreement Collateral; 

(xiii)       to direct any parties liable for any payment in connection
with any of the Security Agreement Collateral to make payment of any and all monies due and to become due thereunder directly to the Collateral Agent or as the Collateral Agent shall direct; 

(xiv)       to receive payment of and receipt for any and all monies, claims,
and other amounts due and to become due at any time in respect of or arising out of any Security Agreement Collateral; 

(xv)        in the case of any Intellectual Property, execute and deliver,
and have recorded, any and all agreements, instruments, documents and papers as the Collateral Agent may request to evidence the security interests created hereby in 

  
 35 

 
such Intellectual Property and the goodwill and General Intangibles of such Pledgor relating thereto or represented thereby; and 

(xvi)       do and perform all such other acts and things as the Collateral
Agent may reasonably deem to be necessary, proper or convenient in connection with the Security Agreement Collateral. 
 The foregoing grant
of authority is an irrevocable power of attorney coupled with an interest and such appointment shall be irrevocable for the term hereof. Each Pledgor hereby ratifies all that such attorney shall lawfully do or cause to be done by virtue hereof. The
Collateral Agent shall be under no duty to exercise or withhold the exercise of any of the rights, powers, privileges and options expressly or implicitly granted to the Collateral Agent in this Agreement, and shall not be liable for any failure to
do so or any delay in doing so. The Collateral Agent shall not be liable for any act or omission or for any error of judgment or any mistake of fact or law in its individual capacity or its capacity as attorney-in-fact except acts or omissions resulting from its gross negligence or willful misconduct as determined by a final non-appealable judgment of a court of
competent jurisdiction. This power of attorney is conferred on the Collateral Agent solely to protect, preserve and realize upon its security interest in the Security Agreement Collateral and shall not impose any duty upon the Collateral Agent or
any other Secured Party to exercise any such powers. 
 SECTION 7.03.     Expenses. Each Pledgor will
promptly pay to Collateral Agent the amount of any and all costs and expenses, including the reasonable fees and expenses of its counsel and the fees and expenses of any experts and agents, that Collateral Agent may incur in connection with this
Agreement, including all costs and expenses relating to (a) any and all filings and other actions taken to ensure the attachment, perfection and priority of, and the ability of Collateral Agent to enforce, Collateral Agent’s security
interest in the Security Agreement Collateral; (b) any action, suit or other proceeding affecting the Security Agreement Collateral or any part thereof commenced, in which action, suit or proceeding Collateral Agent is made a party or
participates or in which the right to use the Security Agreement Collateral or any part thereof is threatened, or in which it becomes necessary in the judgment of Collateral Agent to defend or uphold the Lien hereof (including any action, suit or
proceeding to establish or uphold the compliance of the Security Agreement Collateral with any requirements of any Governmental Authority or law); (c) the collection of the Secured Obligations; (d) the enforcement and administration hereof;
(e) the custody or preservation of, or the sale of, collection from, or other realization on, any of the Security Agreement Collateral; (f) the exercise or enforcement of any of the rights of Collateral Agent or any Secured Party
hereunder; or (g) the failure by any Pledgor to perform or observe any of the provisions hereof. All amounts expended by Collateral Agent and payable by any Pledgor under this Section 7.03 shall be due upon demand
therefor (together with interest thereon accruing at the default rate during the period from and including the date on which such funds were so expended to the date of repayment) and shall be part of the Secured Obligations. Each Pledgor’s
obligations under this Section 7.03 shall survive the termination hereof and the discharge of such Pledgor’s other obligations under this Agreement, the Credit Agreement and the other Loan Documents. 

SECTION 7.04.     Indemnity. 

  
 36 

 (a)       Indemnity. Each Pledgor
agrees to indemnify, defend and hold harmless Collateral Agent and each of the other Secured Parties, and the officers, directors, employees, agents and Affiliates (collectively, “Related Parties”) of Collateral Agent and each of
the other Secured Parties (collectively, the “Indemnitees”) from and against any and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, claims, costs (including settlement costs), expenses or
disbursements of any kind or nature whatsoever (including the reasonable and documented out-of-pocket fees, charges and disbursements of (i) one primary outside
legal counsel to the Indemnitees, taken as a whole, (ii) in the case of any actual or perceived conflict of interest where the Indemnitees affected by such conflict informs such Pledgor of such conflict and thereafter retains their own counsel,
one additional outside legal counsel for each group of affected Indemnitees similarly situated, taken as a whole, in each appropriate jurisdiction and (iii) if necessary, one local or foreign legal counsel in each appropriate jurisdiction
(which may include a single special counsel acting in multiple jurisdictions) for such Indemnitees in connection with any investigative, administrative or judicial proceeding, commenced or threatened, whether or not such Indemnitee shall be
designated a party thereto) that may be imposed on, incurred by, or asserted against that Indemnitee, in any manner relating to or arising out of this Agreement or any other Loan Document (including any misrepresentation by any Pledgor in this
Agreement or any other Loan Document) (the “Indemnified Liabilities”); provided that, no Pledgor shall have any obligation to an Indemnitee hereunder with respect to Indemnified Liabilities if it has been determined by a
final decision of a court of competent jurisdiction that such Indemnified Liabilities arose from the gross negligence, bad faith or willful misconduct of that Indemnitee or any of its Related Parties. To the extent that the undertaking to indemnify,
pay and hold harmless set forth in the preceding sentence may be unenforceable because it is violative of any law or public policy, each Pledgor shall contribute the maximum portion that it is permitted to pay and satisfy under applicable law to the
payment and satisfaction of all Indemnified Liabilities incurred by the Indemnitees or any of them. 

(b)       Survival. The obligations of the Pledgors contained in this
Section 7.04 shall survive the termination hereof and the discharge of the Pledgors’ other obligations under this Agreement, the Credit Agreement, any Guaranty, any Specified Hedge Agreement, any agreement with respect
to Cash Management Obligations and under the other Loan Documents. 
 (c)      
Reimbursement. Any amounts paid by any Indemnitee as to which such Indemnitee has the right to reimbursement shall constitute Secured Obligations secured by the Security Agreement Collateral. 

SECTION 7.05.     Continuing Security Interest; Assignment. 

(a)       This Agreement shall create a continuing security interest in the Security Agreement
Collateral and shall (a) remain in full force and effect until the Discharge of Secured Obligations, (b) be binding on the Pledgors, their respective successors and assigns, and (c) inure, together with the rights and remedies of the
Lender hereunder, to the benefit of Collateral Agent and the other Secured Parties and each of their respective permitted successors, transferees and assigns. No other Persons (including any other creditor of any Pledgor) shall have any interest
herein or any right or benefit with respect hereto. Without limiting the generality of the foregoing clause (c), any Secured Party may assign or otherwise transfer any Secured Obligation 

  
 37 

 
held by it to any other Person, and such other Person shall thereupon become vested with all the benefits in respect thereof granted to such Secured Party, herein or otherwise, subject however,
to the provisions of the other Loan Documents and any Specified Hedge Agreement or agreement with respect to Cash Management Obligations to which such Secured Party is a party; provided, that in the case of any such assignment or transfer of
Secured Obligation in connection with any Specified Hedge Agreement or agreement with respect to Cash Management Obligations to a Person other than a Qualified Counterparty, such obligation shall cease to be a Secured Obligation and such other
Person shall not become vested with the benefits in respect thereof granted to the transferring Secured Party. 

(b)       This Agreement shall continue to be effective or be automatically reinstated, as the
case may be, if at any time payment, in whole or in part, of any of the Secured Obligations is rescinded or must otherwise be restored or returned by the Collateral Agent or any Secured Party as a preference, fraudulent conveyance or otherwise under
any Debtor Relief Law, all as though such payment had not been made; provided that in the event payment of all or any part of the Secured Obligations is rescinded or must be restored or returned, all reasonable costs and expenses (including
without limitation any reasonable legal fees and disbursements) incurred by the Collateral Agent or any Secured Party in defending and enforcing such reinstatement shall be deemed to be included as a part of the Secured Obligations. 

SECTION 7.06.     Termination; Release. Upon Discharge of Secured Obligations, or upon any partial release
of Security Agreement Collateral in accordance with the other Loan Documents, the security interests granted hereby shall terminate hereunder and of record, and all rights to the Security Agreement Collateral shall revert to the Pledgors, it being
understood that in the case any such partial release, the security interests granted hereby shall terminate hereunder and of record only with respect to such Security Agreement Collateral subject to such partial release. Upon any such termination,
Collateral Agent shall, at the Pledgors’ expense, execute and deliver to the Pledgors such documents, and take such other actions, as the Pledgors reasonably request to evidence such termination. 

Notwithstanding anything to the contrary contained herein, in connection with Section 9.14 of the Credit Agreement,
Collateral Agent and the other Secured Parties agree to cooperate with each Pledgor with respect to any sale of Security Agreement Collateral permitted by Section 6.5 of the Credit Agreement and under the other Loan Documents and promptly take
such action and execute and deliver such instruments and documents necessary to release the Liens and security interests created hereby relating to any of the assets or property affected by any sale of Security Agreement Collateral permitted by
Section 6.5 of the Credit Agreement and under the other Loan Documents (including, without limitation, any necessary Uniform Commercial Code amendment, termination or partial termination statement). 

SECTION 7.07.     Modification in Writing. No amendment, modification, supplement, termination or waiver
of or to any provision hereof, nor consent to any departure by any Pledgor therefrom, shall be effective unless the same shall be made in accordance with the terms of the 

  
 38 

 
Credit Agreement and unless in writing and signed by Collateral Agent. Any amendment, modification or supplement of or to any provision hereof, any waiver of any provision hereof and any consent
to any departure by any Pledgor from the terms of any provision hereof shall be effective only in the specific instance and for the specific purpose for which made or given. Except where notice is specifically required by this Agreement or any other
document evidencing the Secured Obligations, no notice to or demand on any Pledgor in any case shall entitle any Pledgor to any other or further notice or demand in similar or other circumstances. 

SECTION 7.08.     Notices. Unless otherwise provided herein or in the Credit Agreement, any notice or
other communication herein required or permitted to be given shall be given in the manner and become effective as set forth in the Credit Agreement, if to any Pledgor, addressed to it at the address of HII set forth in the Credit Agreement, and if
to Collateral Agent, addressed to it at the address set forth in the Credit Agreement, or in each case at such other address as shall be designated by such party in a written notice to the other party complying as to delivery with the terms of this
Section 7.08. 
 SECTION 7.09.     Governing Law; Jurisdiction; Consent to
Service of Process. (a) THIS AGREEMENT AND ANY CLAIMS, CONTROVERSY, DISPUTE OR CAUSE OF ACTION (WHETHER IN CONTRACT OR TORT OR OTHERWISE) BASED UPON, ARISING OUT OF OR RELATING TO THIS AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH AND
GOVERNED BY THE LAW OF THE STATE OF NEW YORK (INCLUDING SECTIONS 5-1401 AND 5-1402 OF THE GENERAL OBLIGATIONS LAW OF THE STATE OF NEW YORK), EXCEPT TO THE EXTENT, IN
ACCORDANCE WITH CHOICE-OF-LAW PRINCIPLES, THAT THE PERFECTION OF THE SECURITY INTERESTS GRANTED HEREUNDER, OR REMEDIES HEREUNDER IN RESPECT OF ANY ITEM OR TYPE OF
SECURITY AGREEMENT COLLATERAL ARE GOVERNED BY THE LAWS OF A JURISDICTION OTHER THAN THE STATE OF NEW YORK. 

(b)       Each Pledgor hereby irrevocably and unconditionally agrees that it will not commence
any action, litigation or proceeding of any kind or description, whether in law or equity, whether in contract or in tort or otherwise, against the Collateral Agent or any Secured Party, or any related party of the foregoing in any way relating to
this Agreement or the transactions relating hereto in any forum other than the courts the Supreme Court of the State of New York sitting in New York County and of the United States District Court of the Southern District of New York, and any
appellate court from any thereof, and each of the parties hereto hereby irrevocably and unconditionally submits to the jurisdiction of such courts and agrees that all claims in respect of any such action or proceeding may be heard and determined in
such New York State or, to the extent permitted by law, in such federal court. Each of the parties hereto agrees that a final judgment in any such action or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the
judgment or in any other manner provided by law. Nothing in this Agreement or any other Loan Document shall affect any right that Collateral Agent or any other Secured Party may otherwise have to bring any action or proceeding relating to this
Agreement or any other Loan Document against any Pledgor or its properties in the courts of any jurisdiction. 

(c)        Each Pledgor hereby irrevocably and unconditionally waives, to the fullest
extent it may legally and effectively do so, any objection that it may now or hereafter have to the 

  
 39 

 
laying of venue of any suit, action or proceeding arising out of or relating to this Agreement in any court referred to in Section 7.09(b). Each of the parties hereto
hereby irrevocably waives, to the fullest extent permitted by law, the defense of an inconvenient forum to the maintenance of such action or proceeding in any such court. 

(d)     Each party to this Agreement irrevocably consents to service of process in the manner provided
for notices in Section 7.08. Nothing in this Agreement will affect the right of any party to this Agreement to serve process in any other manner permitted by law. 

SECTION 7.10.     WAIVER OF JURY TRIAL. EACH PARTY HERETO HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED
BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT, OR THE TRANSACTIONS CONTEMPLATED HEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY).
EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND
(B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION 7.10. 

SECTION 7.11.     Severability of Provisions. Any provision hereof that is prohibited or
unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof or affecting the validity or enforceability of such provision
in any other jurisdiction. 
 SECTION 7.12.    Execution in Counterparts. This Agreement and any
amendments, waivers, consents or supplements hereto may be executed in any number of counterparts and by different parties hereto in separate counterparts, each of which when so executed and delivered shall be deemed to be an original, but all such
counterparts together shall constitute one and the same agreement. 
 SECTION 7.13.     Business
Days. In the event any time period or any date provided in this Agreement ends or falls on a day other than a Business Day, then such time period shall be deemed to end and such date shall be deemed to fall on the next succeeding Business Day, and
performance herein may be made on such Business Day, with the same force and effect as if made on such other day. 
 SECTION
7.14.     No Credit for Payment of Taxes or Imposition. Each Pledgor shall not be entitled to any credit against the principal, premium (if any), or interest payable under the Credit Agreement, and such Pledgor shall not be
entitled to any credit against any other sums that may become payable under the terms thereof or hereof, by reason of the payment of any Tax on the Security Agreement Collateral or any part thereof. 

SECTION 7.15.      No Claims Against Collateral Agent. Nothing contained in this Agreement shall
constitute any consent or request by Collateral Agent, express or implied, for the performance of any labor or services or the furnishing of any materials or other property in 

  
 40 

 
respect of the Security Agreement Collateral or any part thereof, nor as giving any Pledgor any right, power or authority to contract for or permit the performance of any labor or services or the
furnishing of any materials or other property in such fashion as would permit the making of any claim against Collateral Agent in respect thereof or any claim that any Lien based on the performance of such labor or services or the furnishing of any
such materials or other property is prior to the Lien hereof. 
 SECTION 7.16.     No Release Under
Agreements; No Liability of Collateral Agent or Secured Parties. Nothing set forth in this Agreement shall relieve the Pledgor from the performance of any term, covenant, condition or agreement on the Pledgor’s part to be performed or observed
under or in respect of any of the Security Agreement Collateral, or from any liability to any Person under or in respect of any of the Security Agreement Collateral, or shall impose any obligation on Collateral Agent or any other Secured Party to
perform or observe any such term, covenant, condition or agreement on the Pledgor’s part to be so performed or observed, or shall impose any liability on Collateral Agent or any other Secured Party for any act or omission on the part of the
Pledgor relating thereto or for any breach of any Specified Hedge Agreement or agreement with respect to Cash Management Obligations, any representation or warranty on the part of the Pledgor contained in this Agreement, the Credit Agreement, the
Guaranties or the other Loan Documents, or under or in respect of the Security Agreement Collateral or made in connection herewith or therewith. The obligations of the Pledgor contained in this Section 7.16 shall survive
the termination hereof and the discharge of the Pledgor’s other obligations under this Agreement, the Credit Agreement, any Guaranty, any Specified Hedge Agreement, any agreement with respect to Cash Management Obligations and the other Loan
Documents. 
 SECTION 7.17.     Obligations Absolute. Subject to Section 9.14 of the Credit
Agreement, all obligations of each Pledgor hereunder shall be absolute and unconditional irrespective of: 

(a)      any bankruptcy, insolvency, reorganization, arrangement, readjustment, composition,
liquidation or the like of any Pledgor or any other Loan Party; 
 (b)      any lack of validity
or enforceability of the Credit Agreement, any Guaranty, any Specified Hedge Agreement, any agreement with respect to Cash Management Obligations or any other Loan Document, or any other agreement or instrument relating thereto; 

(c)       any change in the time, manner or place of payment of, or in any other term of,
all or any of the Secured Obligations, or any other amendment or waiver of or any consent to any departure from the Credit Agreement, any Guaranty, any other Loan Document, any Specified Hedge Agreement, any agreement with respect to Cash Management
Obligations or any other agreement or instrument relating thereto; 

(d)        any pledge, exchange, release or nonperfection of any other Security
Agreement Collateral, or any release or amendment or waiver of or consent to any departure from any Guaranty, for all or any of the Secured Obligations, except to the extent that any such amendment, waiver or consent expressly relieves such Pledgor
of any obligations; 

  
 41 

 (e)     any exercise, nonexercise or waiver of any
right, remedy, power or privilege under or in respect hereof, the Credit Agreement, any Guaranty, any Specified Hedge Agreement, any agreement with respect to Cash Management Obligations or any other Loan Document except as specifically set forth in
a waiver granted pursuant to the provisions of Section 5.03; or 
 (f)    
any other circumstances that might otherwise constitute a defense available to, or a discharge of, any Pledgor. 
 SECTION
7.18.      Marshaling; Payments Set Aside. Collateral Agent shall not be under any obligation to marshal any assets in favor of any Pledgor or any other Person or against or in payment of any or all of the Secured
Obligations. 
 SECTION 7.19.      Release of Pledgors. If any Pledgor is released from its
Guaranty in accordance with the provisions of the Credit Agreement and of such Guaranty, then Collateral Agent shall (at the expense of the applicable Borrowers) take all action necessary to release its security interest in that portion of the
Security Agreement Collateral owned by such Pledgor, and shall release such Pledgor from its obligations hereunder (other than obligations intended to survive the termination hereof), in each case subject to and in accordance with Section 9.14
of the Credit Agreement. 
 SECTION 7.20.     Consent of Issuers of Pledged Equity Interests. Any
Pledgor that is an Issuer hereby acknowledges, consents and agrees to the grant of the security interests in such Pledged Equity Interests by the applicable Pledgors pursuant to this Agreement, together with all rights accompanying such security
interest as provided by this Agreement and applicable Requirements of Law, notwithstanding any anti-assignment provisions in any operating agreement, limited partnership agreement or similar organizational or governance documents of such Issuer.

 SECTION 7.21.     Secured Parties. Each Secured Party who obtains the benefit of this Agreement and
each other Agent shall be deemed to have acknowledged and accepted the appointment of the Collateral Agent pursuant to the terms of the Credit Agreement, and with respect to the actions and omissions of the Collateral Agent hereunder or otherwise
relating hereto that do or may affect such Secured Party, the Collateral Agent and each of its Affiliates shall be entitled to all of the rights, benefits and immunities conferred under Article VIII of the Credit Agreement. No Secured Party and no
Agent (other than the Collateral Agent) shall have any right individually to realize upon any of the Security Agreement Collateral except to the extent expressly contemplated by this Agreement or the other Loan Documents, it being understood and
agreed that (as among the Secured Parties) all powers, rights and remedies under the Loan Documents may be exercised solely by the Collateral Agent or its designee on behalf of the Secured Parties in accordance with the terms hereof and thereof.
Without limiting the generality of the foregoing, each Agent (other than the Collateral Agent) on behalf of itself and the Lenders represented by it, acknowledges and agrees that it has appointed the Collateral Agent as its agent hereunder and under
the other Loan Documents and that the Collateral Agent is authorized by it, and (as among the Secured Parties) the Collateral Agent or its designee shall have the sole right, to make demands, give notices, exercise or refrain from exercising any
rights and to take or refrain from taking any actions (including, without limitation, the release or 

  
 42 

 
substitution of Security Agreement Collateral) in accordance with this Agreement and the other Loan Documents. Each Secured Party and each Agent, whether or not a party hereto, will be deemed, by
its acceptance of the benefits of the Security Agreement Collateral provided hereunder and under any other Loan Documents, to have agreed to the foregoing provisions and the other provisions of this Agreement. As between the Collateral Agent and the
Grantors, the Collateral Agent shall be conclusively presumed to be acting as agent for the Secured Parties and each other Agent with full and valid authority and no Grantor shall be under any obligation or entitlement to make any inquiry in respect
of such authority. 
 [Signature Pages Follow] 
  

  
 43 

 IN WITNESS WHEREOF, the Pledgors and Collateral Agent have caused this
Agreement to be duly executed and delivered by their duly authorized officers as of the date first above written. 
  

			
	     HERBALIFE INTERNATIONAL, INC.,

a Nevada corporation, as a Pledgor

	
	    By:    
                                         
           
	    Name:	 	
	    Title:	 	
	
	    HERBALIFE INTERNATIONAL OF AMERICA, INC., a Nevada corporation, as a Pledgor
	
	    By:    
                                         
           
	    Name:	 	
	    Title:	 	
	
	    HLF FINANCING SaRL, LLC, a Delaware limited liability company, as a Pledgor
	
	    By:    
                                         
           
	    Name:	 	
	    Title:	 	
	
	    HLF FINANCING US, LLC, a Delaware limited liability company, as a Pledgor
	
	    By:    
                                         
           
	    Name:	 	
	    Title:	 	
	
	    HERBALIFE INTERNATIONAL OF EUROPE, INC., a California corporation, as a Pledgor
	
	    By:    
                                         
           
	    Name:	 	
	    Title:	 	

 [Signature Page to Security Agreement] 

 
			
	     HERBALIFE TAIWAN, INC.,

a California corporation, as a Pledgor

	
	    By:    
                                         
           
	    Name:	 	
	    Title:	 	
	
	    HERBALIFE INTERNATIONAL DO BRASIL, LTDA., a corporation dually organized in Brazil and Delaware, as a Pledgor
	
	    By:    
                                         
           
	    Name:	 	
	    Title:	 	
	
	HERBALIFE KOREA CO., LTD., a corporation dually organized in Korea and Delaware, as a Pledgor
	
	    By:    
                                         
           
	    Name:	 	
	    Title:	 	
	
	    HERBALIFE VENEZUELA HOLDINGS, LLC, a Delaware corporation, as a Pledgor
	
	    By:    
                                         
           
	    Name:	 	
	    Title:	 	

 [Signature Page to Security Agreement] 

 
			
	     HERBALIFE MANUFACTURING LLC, a

Delaware limited liability company, as a Pledgor

	
	    By:    
                                         
           
	    Name:
	    Title:
	
	    WH LUXEMBOURG INTERMEDIATE HOLDINGS S.À R.L. LLC, a Delaware limited liability company, as a Pledgor
	
	    By:    
                                         
           
	    Name:
	    Title:
	
	    HERBALIFE INTERNATIONAL (THAILAND), LTD., a California corporation, as a Pledgor
	
	    By:    
                                         
           
	Name:
	Title:
	
	    HERBALIFE VH INTERMEDIATE INTERNATIONAL, LLC, a Delaware limited liability company, as a Pledgor
	
	    By:    
                                         
           
	Name:
	Title:
	
	    HERBALIFE VH INTERNATIONAL LLC, a Delaware limited liability company, as a Pledgor
	
	    By:    
                                         
           
	    Name:
	    Title:

 [Signature Page
to Security Agreement] 

			
	     HLF LUXEMBOURG HOLDINGS, INC., a

Delaware corporation, as a Pledgor

	
	    By:    
                                         
           
	    Name:	 	
	    Title:	 	
	
	    WH CAPITAL CORPORATION, a Nevada corporation, as a Pledgor
	
	    By:    
                                         
           
	    Name:	 	
	    Title:	 	

 [Signature Page to Security Agreement] 

 
			
	JEFFERIES FINANCE LLC, as Collateral Agent
	
	By:    
                                         
           
	Name:	 	
	Title:	 	
	
	By:    
                                         
           
	Name:	 	
	Title:	 	

 [Signature Page to Security Agreement] 

 

 SCHEDULE 3.04(b) 

COMMERCIAL TORT CLAIMS 
 None.

  
 49 

 EXHIBIT A 

[FORM OF] 
 COPYRIGHT SECURITY
AGREEMENT 
 This COPYRIGHT SECURITY AGREEMENT, dated as of
[                    ], 20[        ] (this “Agreement”), is made by each of
the signatories hereto indicated as a “Pledgor” (each a “Pledgor” and collectively, the “Pledjors”) in favor of JEFFERIES FINANCE LLC, as collateral agent for the Secured Parties (in such capacity and
together with its successors and assigns in such capacity, the “Collateral Agent”). 
 WHEREAS,
pursuant to that certain Credit Agreement dated as of August 16, 2018 (as the same may hereafter be amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”) by and among the Borrowers,
Jefferies Finance LLC, as Term B Agent and Collateral Agent, Coöperatieve Rabobank U.A., New York Branch as Term A Agent, Issuing Bank and Revolver Administrative Agent, and the Lenders party thereto, the Lenders have severally agreed to make
extensions of credit to the Borrowers upon the terms and conditions set forth therein; 
 WHEREAS, as a condition
precedent to the obligation of the Lenders to make their respective extension of credit to the Borrowers under the Credit Agreement, the Pledgors entered into the Security Agreement dated as of August 16, 2018 (as amended, restated,
supplemented or otherwise modified from time to time, the “Security Agreement”) between each of the Pledgors and the Collateral Agent, pursuant to which each of the Pledgors granted to the Collateral Agent, for its benefit and for
the benefit of the Secured Parties, a security interest in the Copyright Collateral (as defined below); and 

WHEREAS, pursuant to the Security Agreement, each Pledgor agreed to execute and this Agreement, in order to record the
security interest granted to the Collateral Agent with the United States Copyright Office. 
 NOW, THEREFORE, in
consideration of the foregoing and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Pledgors hereby agree with the Collateral Agent as follows: 

SECTION 1. Defined Terms 

Capitalized terms used but not defined herein shall have the respective meanings given thereto in the Security Agreement, and
if not defined therein, shall have the respective meanings given thereto in the Credit Agreement. 
 SECTION 2. Grant of Security Interest 

As collateral security for the payment and performance in full of all the Secured Obligations, each Pledgor hereby grants to
Collateral Agent, for its benefit and for the benefit of the Secured Parties, a security interest in and continuing lien on all of such Pledgor’s right, title 

  
 50 

 
and interest in, to and under all of the following property, wherever located, whether now owned or existing, or hereafter arising or acquired from time to time (collectively, the
“Copyright Collateral”): 
 the copyrights, registrations and applications listed in Schedule A hereto,
together with any and all (a) rights and privileges arising under applicable law with respect to such Pledgor’s use of such copyrights, (b) reissues, renewals, continuations and extensions thereof, (c) income, fees, royalties,
damages, claims and payments now or hereafter due or payable with respect thereto, including damages and payments for past, present or future infringements thereof, (d) rights corresponding thereto throughout the world and (e) rights to
sue for past, present or future infringements thereof 
 SECTION 3. Security Agreement 

The security interest granted pursuant to this Agreement is granted in conjunction with the security interest granted to the
Collateral Agent for the Secured Parties pursuant to the Security Agreement, and the Pledgors hereby acknowledge and affirm that the rights and remedies of the Collateral Agent with respect to the security interest in the Copyright Collateral made
and granted hereby are more fully set forth in the Security Agreement, the terms and provisions of which are incorporated by reference herein as if fully set forth herein. In the event that any provision of this Agreement is deemed to conflict with
the Security Agreement, the provisions of the Security Agreement shall control. 
 SECTION 4. Governing Law THIS AGREEMENT AND ANY
CLAIMS, CONTROVERSY, DISPUTE OR CAUSE OF ACTION (WHETHER IN CONTRACT OR TORT OR OTHERWISE) BASED UPON, ARISING OUT OF OR RELATING TO THIS AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAW OF THE STATE OF NEW YORK (INCLUDING
SECTIONS 5-1401 AND 5-1402 OF THE GENERAL OBLIGATIONS LAW OF THE STATE OF NEW YORK), EXCEPT TO THE EXTENT, IN ACCORDANCE WITH CHOICE-OF-LAW PRINCIPLES, THAT THE PERFECTION OF THE SECURITY INTERESTS GRANTED HEREUNDER, OR REMEDIES HEREUNDER IN RESPECT OF ANY OF THE COPYRIGHT COLLATERAL ARE GOVERNED BY THE LAWS OF A JURISDICTION OTHER
THAN THE STATE OF NEW YORK. 
 SECTION 5. Counterparts 

This Agreement may be executed in one or more counterparts and by different parties hereto in separate counterparts, each of
which when so executed and delivered shall be deemed an original, but all such counterparts together shall constitute but one and the same instrument. 

[Remainder of page intentionally left blank] 

  
 [Signature Page to
Security Agreement] 

 IN WITNESS WHEREOF, each Pledgor has caused this Agreement to be
executed and delivered by its duly authorized officer as of the date first set forth above. 
  

			
	 [NAME OF PLEDGOR],
 as
Pledgor

		
	By:	 	  

		 	Name:
		 	Title:

  

			
	Accepted and Agreed:
	
	JEFFERIES FINANCE LLC, 
	as Collateral Agent
		
	By:	 	  

		 	Name:
		 	Title:

 [Signature Page to Security Agreement] 

 SCHEDULE A 

to 
 COPYRIGHT SECURITY
AGREEMENT 
 COPYRIGHT REGISTRATIONS 
  

					
	Title	  	Registration No.	  	 Registration

Date

	 	  	 	  	 
	 	  	 	  	 
	 	  	 	  	 
	 	  	 	  	 
	 	  	 	  	 

 COPYRIGHT APPLICATIONS 
  

					
	Title	  	 Application / Case

No.
	  	Filing Date
	 	  	 	  	 
	 	  	 	  	 
	 	  	 	  	 
	 	  	 	  	 
	 	  	 	  	 

 [Signature Page to Security Agreement] 

 

 EXHIBIT B 

[FORM OF] 
 PATENT SECURITY
AGREEMENT 
 This PATENT SECURITY AGREEMENT, dated as of
[                    ], 20[        ] (this “Agreement”), is made by each of
the signatories hereto indicated as a “Pledgor” (each a “Pledgor” and collectively, the “Pledgors”) in favor of JEFFERIES FINANCE LLC, as collateral agent for the Secured Parties (in such capacity and
together with its successors and assigns in such capacity, the “Collateral Agent”). 
 WHEREAS,
pursuant to that certain Credit Agreement dated as of August 16, 2018 (as the same may hereafter be amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”) by and among the Borrowers,
Jefferies Finance LLC, as Term B Agent and Collateral Agent, Coöperatieve Rabobank U.A., New York Branch as Term A Agent, Issuing Bank and Revolver Administrative Agent, and the Lenders party thereto, the Lenders have severally agreed to make
extensions of credit to the Borrowers upon the terms and conditions set forth therein; and 
 WHEREAS, as a condition
precedent to the obligation of the Lenders to make their respective extension of credit to the Borrowers under the Credit Agreement, the Pledgors entered into the Security Agreement dated as of August 16, 2018 (as amended, restated,
supplemented or otherwise modified from time to time, the “Security Agreement”) between each of the Pledgors and the Collateral Agent, pursuant to which each of the Pledgors granted to the Collateral Agent, for its benefit and for
the benefit of the Secured Parties, a security interest in the Patent Collateral (as defined below); and 
 WHEREAS,
pursuant to the Security Agreement, each Pledgor agreed to execute and this Agreement, in order to record the security interest granted to the Collateral Agent with the United States Patent and Trademark Office. 

NOW, THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt and
sufficiency of which is hereby acknowledged, the Pledgors hereby agree with the Collateral Agent as follows: 
 SECTION 1. Defined Terms 

Capitalized terms used but not defined herein shall have the respective meanings given thereto in the Security Agreement, and
if not defined therein, shall have the respective meanings given thereto in the Credit Agreement. 
 SECTION 2. Grant of Security Interest 

As collateral security for the payment and performance in full of all the Secured Obligations, each Pledgor hereby grants to
Collateral Agent, for its benefit and for the benefit of the Secured Parties, a security interest in and continuing lien on all of such Pledgor’s right, title 

  
 54 

 
and interest in, to and under all of the following property, wherever located, whether now owned or existing, or hereafter arising or acquired from time to time (collectively, the “Patent
Collateral”): 
 the patents, patent applications and recordings listed in Schedule A hereto, together with any and
all (a) rights and privileges arising under applicable law with respect to such Pledgor’s use of any such patents, (b) inventions and improvements described and claimed therein, (c) reissues, divisions, continuations, renewals,
extensions and continuations-in-part thereof, (d) income, fees, royalties, damages, claims and payments now or hereafter due or payable thereunder and with respect
thereto including damages and payments for past, present or future infringements thereof, (e) rights corresponding thereto throughout the world, and (f) rights to sue for past, present or future infringements thereof. 

SECTION 3. Security Agreement 

The security interest granted pursuant to this Agreement is granted in conjunction with the security interest granted to the
Collateral Agent for the Secured Parties pursuant to the Security Agreement, and the Pledgors hereby acknowledge and affirm that the rights and remedies of the Collateral Agent with respect to the security interest in the Patent Collateral made and
granted hereby are more fully set forth in the Security Agreement, the terms and provisions of which are incorporated by reference herein as if fully set forth herein. In the event that any provision of this Agreement is deemed to conflict with the
Security Agreement, the provisions of the Security Agreement shall control. 
 SECTION 4. Governing Law THIS AGREEMENT AND ANY
CLAIMS, CONTROVERSY, DISPUTE OR CAUSE OF ACTION (WHETHER IN CONTRACT OR TORT OR OTHERWISE) BASED UPON, ARISING OUT OF OR RELATING TO THIS AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAW OF THE STATE OF NEW YORK (INCLUDING
SECTIONS 5-1401 AND 5-1402 OF THE GENERAL OBLIGATIONS LAW OF THE STATE OF NEW YORK), EXCEPT TO THE EXTENT, IN ACCORDANCE WITH CHOICE-OF-LAW PRINCIPLES, THAT THE PERFECTION OF THE SECURITY INTERESTS GRANTED HEREUNDER, OR REMEDIES HEREUNDER IN RESPECT OF ANY OF THE PATENT COLLATERAL ARE GOVERNED BY THE LAWS OF A JURISDICTION OTHER
THAN THE STATE OF NEW YORK. 
 SECTION 5. Counterparts 

This Agreement may be executed in one or more counterparts and by different parties hereto in separate counterparts, each of
which when so executed and delivered shall be deemed an original, but all such counterparts together shall constitute but one and the same instrument. 

[Remainder of page intentionally left blank] 
  

 IN WITNESS WHEREOF, each Pledgor has caused this Agreement to be
executed and delivered by its duly authorized officer as of the date first set forth above. 
  

			
	 [NAME OF PLEDGOR],
 as
Pledgor

		
	 By:
	 	  

		 	 Name:

		 	 Title:

  

			
	 Accepted and Agreed:

	
	JEFFERIES FINANCE LLC,, 
	 as Collateral Agent

		
	 By:
	 	  

		 	 Name:

		 	 Title:

 [Signature Page to Intellectual Property Security Agreement] 

 

 SCHEDULE A 

to 
 PATENT SECURITY
AGREEMENT 
 PATENTS AND PATENT APPLICATIONS 
  

									
	Title	  	Application No.	  	Filing Date	  	Patent No.	  	Issue Date
	 	  	 	  	 	  	 	  	 
	 	  	 	  	 	  	 	  	 
	 	  	 	  	 	  	 	  	 
	 	  	 	  	 	  	 	  	 
	 	  	 	  	 	  	 	  	 

  

  
 57 

 EXHIBIT C 

[FORM OF] 
 TRADEMARK SECURITY
AGREEMENT 
 This TRADEMARK SECURITY AGREEMENT, dated as of
[                    ], 20[        ] (this “Agreement”), is made by each of
the signatories hereto indicated as a “Pledgor” (each a “Pledgor” and collectively, the “Pledgors”) in favor of JEFFERIES FINANCE LLC, as collateral agent for the Secured Parties (in such capacity and
together with its successors and assigns in such capacity, the “Collateral Agent”). 
 WHEREAS,
pursuant to that certain Credit Agreement dated as of August 16, 2018 (as the same may hereafter be amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”) by and among the Borrowers,
Jefferies Finance LLC, as Term B Agent and Collateral Agent, Coöperatieve Rabobank U.A., New York Branch as Term A Agent, Issuing Bank and Revolver Administrative Agent, and the Lenders party thereto, the Lenders have severally agreed to make
extensions of credit to the Borrowers upon the terms and conditions set forth therein; and 
 WHEREAS, as a condition
precedent to the obligation of the Lenders to make their respective extension of credit to the Borrowers under the Credit Agreement, the Pledgors entered into the Security Agreement dated as of August 16, 2018 (as amended, restated,
supplemented or otherwise modified from time to time, the “Security Agreement”) between each of the Pledgors and the Collateral Agent, pursuant to which each of the Pledgors granted to the Collateral Agent, for its benefit and for
the benefit of the Secured Parties, a security interest in the Trademark Collateral (as defined below); and 

WHEREAS, pursuant to the Security Agreement, each Pledgor agreed to execute and this Agreement, in order to record the
security interest granted to the Collateral Agent with the United States Patent and Trademark Office. 
 NOW,
THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Pledgors hereby agree with the Collateral Agent as follows: 

SECTION 1. Defined Terms 

Capitalized terms used but not defined herein shall have the respective meanings given thereto in the Security Agreement, and
if not defined therein, shall have the respective meanings given thereto in the Credit Agreement. 
 SECTION 2. Grant of Security Interest 

As collateral security for the payment and performance in full of all the Secured Obligations, each Pledgor hereby grants to
Collateral Agent, for its benefit and for the benefit of 
 [Signature Page to Intellectual Property Security Agreement]

 
the Secured Parties, a security interest in and continuing lien on all of such Pledgor’s right, title and interest in, to and under all of the following property, wherever located, whether
now owned or existing, or hereafter arising or acquired from time to time (collectively, the “Trademark Collateral”): 

the Trademarks, registrations and applications listed in Schedule A hereto, together with any and all (a) rights and
privileges arising under applicable law with respect to such Pledgor’s use of any such Trademarks, (b) reissues, continuations, extensions and renewals thereof, (c) income, fees, royalties, damages and payments now and hereafter due
or payable thereunder and with respect thereto, including damages, claims and payments for past, present or future infringements and dilutions thereof, (d) rights corresponding thereto throughout the world, and (e) rights to sue for past,
present and future infringements and dilutions thereof. 
 SECTION 3. Security Agreement 

The security interest granted pursuant to this Agreement is granted in conjunction with the security interest granted to the
Collateral Agent for the Secured Parties pursuant to the Security Agreement, and the Pledgors hereby acknowledge and affirm that the rights and remedies of the Collateral Agent with respect to the security interest in the Trademark Collateral made
and granted hereby are more fully set forth in the Security Agreement, the terms and provisions of which are incorporated by reference herein as if fully set forth herein. In the event that any provision of this Agreement is deemed to conflict with
the Security Agreement, the provisions of the Security Agreement shall control. 
 SECTION 4. Governing Law THIS AGREEMENT AND ANY
CLAIMS, CONTROVERSY, DISPUTE OR CAUSE OF ACTION (WHETHER IN CONTRACT OR TORT OR OTHERWISE) BASED UPON, ARISING OUT OF OR RELATING TO THIS AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAW OF THE STATE OF NEW YORK (INCLUDING
SECTIONS 5-1401 AND 5-1402 OF THE GENERAL OBLIGATIONS LAW OF THE STATE OF NEW YORK), EXCEPT TO THE EXTENT, IN ACCORDANCE WITH CHOICE-OF-LAW PRINCIPLES, THAT THE PERFECTION OF THE SECURITY INTERESTS GRANTED HEREUNDER, OR REMEDIES HEREUNDER IN RESPECT OF ANY OF THE TRADEMARK COLLATERAL ARE GOVERNED BY THE LAWS OF A JURISDICTION OTHER
THAN THE STATE OF NEW YORK. 
 SECTION 5. Counterparts 

This Agreement may be executed in one or more counterparts and by different parties hereto in separate counterparts, each of
which when so executed and delivered shall be deemed an original, but all such counterparts together shall constitute but one and the same instrument. 

[Remainder of page intentionally left blank] 

[Signature Page to Intellectual Property Security Agreement] 

 IN WITNESS WHEREOF, each Pledgor has caused this Agreement to be
executed and delivered by its duly authorized officer as of the date first set forth above. 
  

			
	 [NAME OF PLEDGOR],
 as
Pledgor

		
	 By:
	 	  

		 	 Name:

		 	 Title:

  

			
	 Accepted and Agreed:

	
	JEFFERIES FINANCE LLC, 
	 as Collateral Agent

		
	 By:
	 	  

		 	 Name:

		 	 Title:

 [Signature Page to Intellectual Property Security Agreement] 

 SCHEDULE A 

to 
 TRADEMARK SECURITY
AGREEMENT 
 TRADEMARK REGISTRATIONS AND APPLICATIONS 

 

									
	 Mark
	  	 Serial No.
	  	 Filing Date
	  	
Registration No.
	  	
Registration Date

	 	  	 	  	 	  	 	  	 
	 	  	 	  	 	  	 	  	 
	 	  	 	  	 	  	 	  	 
	 	  	 	  	 	  	 	  	 
	 	  	 	  	 	  	 	  	 

 [Signature Page to Intellectual Property Security Agreement] 

 EXHIBIT B 

to the Credit Agreement 

FORM OF COMPLIANCE CERTIFICATE 

This Compliance Certificate (this “Certificate”) is delivered to you pursuant to
Section 5.2(a) of the Credit Agreement dated as of August 16, 2018 (as amended, restated, amended and restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), among HLF
Financing SaRL, LLC, a Delaware limited liability company, Herbalife Nutrition Ltd., a Cayman Islands exempted company incorporated with limited liability (“Parent”), Herbalife International Luxembourg S.à R.L., a Luxembourg
private limited liability company (société à responsabilité limitée), existing and organized under the laws of Luxembourg, having its registered office at 16, avenue de la Gare, L-1610 Luxembourg and registered with the Luxembourg Register of Commerce and Companies (R.C.S. Luxembourg) under number B 88.006, Herbalife International, Inc., a Nevada corporation, the several banks and
other financial institutions or entities from time to time parties thereto as lenders, Jefferies Finance LLC, as administrative agent for the Term Loan B Lenders and collateral agent (together with its successors and permitted assigns in such
capacity, the “Collateral Agent”), and Coöperatieve Rabobank U.A., New York Branch, as administrative agent for the Term Loan A Lenders, an Issuing Bank and as administrative agent for the Revolving Credit Lenders. Capitalized
terms used and not defined herein have the meanings given such terms in the Credit Agreement. 

1.        I am the duly elected, qualified and acting
[                                
]1 of Parent. 
 2.        I have
reviewed and am familiar with the contents of this Certificate. 
 3.        I have
reviewed the terms of the Credit Agreement and the other Loan Documents and have made, or caused to be made under my supervision, a review in reasonable detail of the transactions and condition of Parent and its Restricted Subsidiaries during the
accounting period covered by the financial statements attached hereto as Attachment 1 (the “Financial Statements”). [Except as specified on Attachment 2,]2[S]uch review did not
disclose the existence during or at the end of the accounting period covered by the Financial Statements, and I have no knowledge of the existence, as of the date of this Certificate, of any continuing Default or Event of Default. 

4.        Attached hereto as Attachment 3 is a reasonably detailed calculation of the
Financial Maintenance Covenant for the Relevant Reference Period.3 

5.        In accordance with Section 5.14 of the Credit Agreement, the undersigned
hereby certifies as follows: 
  

	 	a.	 the aggregate (without duplication) Loan Party Consolidated EBITDA for the most recently ended four fiscal
quarter attributable to the Loan Parties as a group [was] [was not] less than 80.0% of the Consolidated EBITDA 

  

 
 1 Insert title of Responsible Officer of Parent. 
 2 Attachment 2 should be included if there is any Default or Event of Default. 
 3 The Financial Maintenance Covenant shall only apply to the Term Loan A Facility and Revolving Credit Facility 

  
 B-1 

	 	 
of Parent and its Restricted Subsidiaries on a consolidated basis for such four fiscal quarter of Parent ended as of the above date; and 

 

	 	b.	 the aggregate (without duplication) Loan Party Assets of the Loan Parties as a group as of the last day of
the most recently ended fiscal quarter [was] [was not] less than 80.0% of total assets of Parent and its Restricted Subsidiaries on a consolidated basis as of the last day of such fiscal quarter, 

in each case calculated pursuant to Section 5.14 of the Credit Agreement.4 

6.      [Attached hereto as Attachment 5 is an updated Perfection Certificate, signed by a
Responsible Officer, (A) setting forth the information required pursuant to the Perfection Certificate and indicating, in a manner reasonably satisfactory to the Collateral Agent, any changes
in such information from the most recent Perfection Certificate delivered pursuant to Section 5.2(a)(ii) of the Credit Agreement (or, prior to the first delivery of a Perfection Certificate pursuant to
Section 5.2(a)(ii) of the Credit Agreement, from the Perfection Certificate delivered on the Closing Date) or (B) certifying that there has been no change in such information from the most recent Perfection Certificate
delivered pursuant to Section 5.2(a)(ii) of the Credit Agreement (or, prior to the first delivery of a Perfection Certificate pursuant to Section 5.2(a)(ii) of the Credit Agreement, from the
Perfection Certificate delivered on the Closing Date).]5 
 [Signature page
follows] 
  
  

	4 	 If either 6.a or 6.b was not met as of the date specified, additional guarantors must be added to meet the
80.0% requirement within 60 days (or such later date as may be agreed by the Term Loan Administrative Agents in their sole discretion) after the date of this Compliance Certificate. Additionally, any Loan Party that is not a guarantor of all of the
Obligations under the Loan Documents, including HIL, shall be excluded for the purposes of Section 5.14 of the Credit Agreement in determining any Loan Party Consolidated EBITDA and/or Loan Party Assets. 

	5 	 To be included solely with respect to the concurrent delivery of annual audited financial statements
pursuant to Section 5.1 of the Credit Agreement. 

  
 B-2 

 IN WITNESS WHEREOF, the undersigned has executed this Certificate this
        day of                         ,
20     in the name of and on behalf of Parent. 
  

			
	 HERBALIFE NUTRITION LTD.

		
	 By:
	 	  

		 	 Name:

		 	 Title:

  
 B-3 

 Attachment 1 

to Exhibit B 
 The
information described herein pertains to the [fiscal quarter / fiscal year] ended
                                     ,
20    . 
 [Attach Financial Statements.] 

  
 B 

Attachment 1 

 Attachment 2 

to Exhibit B 
 [Description of
Default or Event of Default, if applicable] 
 [Specify the nature and extent thereof and any action taken or proposed to be taken with
respect thereto] 

  
 B 

Attachment 2 

 Attachment 3 

to Exhibit B 
 For
the quarter/year ended                                     ,
     (“Statement Date”) 
  

	I.	 Total Leverage Ratio. 

 

					
	 A.
	  	Consolidated Total Debt at Statement Date:	  	$________
	 B.
	  	Consolidated EBITDA for Subject Period (Line II.A.8 below):	  	$________
	 C.
	  	Total Leverage Ratio (Line I.A : Line I.B):	  	___ to 1.00
		  	Maximum permitted:	  	4.00:1.00

  

			
		
	 Four Fiscal Quarters Ending as of
	  	 Maximum Total Leverage Ratio

		
	 September 30, 2018 to September 30, 2021
	  	 4.00 to 1.00

		
	 December 31, 2021 and thereafter
	  	 3.75 to 1.00

  

	II.	 Consolidated EBITDA 

 

							
	 Consolidated EBITDA for four consecutive fiscal quarters ending on the Statement Date
(“Subject Period”):
	  			
			
	 1.
	  	Consolidated Net Income for Subject Period:	  	$	______	 
	 2.
	  	Consolidated Interest Expense for Subject Period:	  	$	______	 
	 3.
	  	Provision for income taxes for Subject Period:	  	$	______	 
	 4.
	  	Depreciation expenses for Subject Period:	  	$	______	 
	 5.
	  	Amortization expenses for Subject Period (including amortization of deferred fees and the accretion of original issue discount):	  	$	______	 
	 6.
	  	All other noncash items subtracted in determining Consolidated Net Income (including any noncash charges and noncash equity based compensation expenses related to any grant of stock, stock options or other equity-based awards
(including, without limitation, restricted stock units or stock appreciation rights) of Parent or any of its Restricted Subsidiaries recorded under GAAP, noncash charges related to warrants or other derivative instruments classified as equity
instruments that will result in equity settlements and not cash settlements, and noncash losses or charges related to impairment of goodwill and other intangible assets and excluding any noncash charge that results in an accrual of a reserve for
cash	  	$	______	 

  
 B 

Attachment 3 

 Attachment 3 

to Exhibit B 
  

					
		  	charges in any future period) for Subject Period:	  	
	 7.
	  	Fees and expenses incurred in connection with the incurrence, prepayment, amendment, or refinancing of Indebtedness (including in connection with (i) the negotiation and documentation of the Credit Agreement and the other
Loan Documents and any amendments or waivers thereof and (ii) the on-going compliance with the Credit Agreement and the other Loan Documents) for Subject Period:	  	$______
	 8.
	  	Aggregate amount of all noncash items and nonrecurring gains or credits, determined on a consolidated basis, to the extent such items were added in determining Consolidated Net Income for Subject Period:	  	$______
	 9.
	  	Consolidated EBITDA (Lines I.A.1 + 2 + 3 + 4 + 5 + 6 + 7 - 8):	  	$______

 Attachment 5 

to Exhibit B 
 [Attach updated
Perfection Certificate] 

 EXHIBIT C 

to the Credit Agreement 

FORM OF CLOSING CERTIFICATE 

FOR 
 HLF FINANCING
SaRL, LLC 
 HERBALIFE NUTRITION LTD. 

HERBALIFE INTERNATIONAL LUXEMBOURG S.À R.L. 

HERBALIFE INTERNATIONAL, INC. 

dated [ 🌑 ], 2018 

Pursuant to subsection 4.1(h) of the Credit Agreement dated as of August 16, 2018 (as amended, restated, amended and
restated, supplemented or otherwise modified from time to time, the “Credit Agreement”; terms defined therein being used herein as therein defined), among HLF Financing SaRL, LLC, a Delaware limited liability (“TL
Borrower”), Herbalife Nutrition Ltd., a Cayman Islands exempted company incorporated with limited liability (“Parent”), Herbalife International Luxembourg S.à R.L., a Luxembourg private limited liability company
(société à responsabilité limitée), existing and organized under the laws of Luxembourg, having its registered office at 16, avenue de la Gare, L-1610 Luxembourg and
registered with the Luxembourg Register of Commerce and Companies (R.C.S. Luxembourg) under number B 88.006 (“HIL”), Herbalife International, Inc., a Nevada corporation (“HII” and, together with Parent, TL
Borrower and HIL, the “Revolver Borrowers”; the Revolver Borrowers, together with the TL Borrower, are referred to herein as the “Borrowers”), the several banks and other financial institutions or entities from time
to time parties thereto as lenders, Jefferies Finance LLC (“Jefferies”), as administrative agent for the Term Loan B Lenders (together with its successors and permitted assigns in such capacity, the “Term Loan B
Agent”) and collateral agent (together with its successors and permitted assigns in such capacity, the “Collateral Agent”), and Coöperatieve Rabobank U.A., New York Branch (“Rabobank”), as
administrative agent for the Term Loan A Lenders (together with its successors and permitted assigns in such capacity, the “Term Loan A Agent”; the Term Loan A Agent together with the Term Loan B Agent, the “Term Loan
Administrative Agents” and each, a “Term Loan Administrative Agent”), an Issuing Bank and as administrative agent for the Revolving Credit Lenders (together with its successors and permitted assigns in such capacity, the
“Revolver Administrative Agent” and, together with the Term Loan Administrative Agents, the “Administrative Agents”; the Term Loan Administrative Agents, the Collateral Agent and the Revolver Administrative Agent
are referred to herein collectively as the “Agents” and each, an “Agent”), the undersigned [                    ],
the [title] of each Borrower, hereby certifies as follows: 
 1.      The Refinancing has been
consummated prior to or substantially concurrently with the Borrowing under the Term Loan Facility on the Closing Date. 

  
 C-1 

 2.      The representations and warranties
made by the Loan Parties in or pursuant to the Loan Documents are true and correct in all material respects (or, in the case of any such representation that is qualified by materiality, in all respects) as of the Closing Date, except in the case of
any representations and warranties expressly stated to relate to a specific earlier date, in which case such representations and warranties are true and correct in all material respects (or, in the case of any such representation that is qualified
by materiality, in all respects) as of such earlier date. 
 3.      No Default or Event of
Default has occurred and is continuing on the Closing Date or after giving effect to the extensions of credit requested to be made on the Closing Date. 

4.      [Attached hereto are copies of all consents, licenses and approvals required in
connection with the execution, delivery and performance by each Loan Party and the validity against each Loan Party of the Loan Documents to which it is a party, and such consents, licenses and approvals are in full force and effect.] [No consents,
licenses or approvals are required in connection with the execution, delivery and performance by each Loan Party and the validity against each Loan Party of the Loan Documents to which it is a
party.]1 
 [Signature page follows] 

 
  

	1 	 Select as appropriate. 

  
 C-2 

 IN WITNESS WHEREOF, on behalf of each Borrower, the undersigned has hereunto
set his name as of the date first set forth above. 
  

	
	 HLF FINANCING SaRL, LLC

	 HERBALIFE NUTRITION LTD.

	 HERBALIFE INTERNATIONAL

	 LUXEMBOURG S.À R.L.

	 HERBALIFE INTERNATIONAL, INC.

 

			
	 By:
	 	  

		 	 Name:

		 	 Title:

  
 C-3 

 EXHIBIT D 

to the Credit Agreement 

FORM OF PERFECTION CERTIFICATE 

[See following page] 
  

  
 D-1 

 PERFECTION CERTIFICATE 

This Perfection Certificate, dated as of [ 🌑 ], 20[ 🌑 ] (this “Certificate”), is delivered in accordance with Section
[4.01(a)(iv)(C)]7[5.02(a)]8 of that certain Credit Agreement, dated on August 16, 2018 (the “Credit Agreement”), among
HLF Financing SaRL, LLC, a Delaware limited liability company (the “Term Loan Borrower”), Herbalife Nutrition Ltd., a Cayman Islands exempted company incorporated with limited liability (“Parent”), Herbalife
International Luxembourg S.à.R.L., a Luxembourg private limited liability company (société à responsabilité limitée), existing and organized under the laws of Luxembourg, having its registered office
at 16, avenue de la Gare, L-1610 Luxembourg and registered with the Luxembourg Register of Commerce and Companies (R.C.S. Luxembourg) under number B 88.006 (“HIL”), Herbalife
International, Inc., a Nevada corporation (“HII” and, together with Parent, HIL and the Term Loan Borrower, the “Revolver Borrowers”; the Revolver Borrowers, together with the Term Loan Borrower, are referred to
herein as the “Borrowers”), the several banks and other financial institutions or entities from time to time parties to this Agreement as lenders, Jefferies Finance LLC, as administrative agent for the Term Loan B Lenders (together
with its successors and permitted assigns in such capacity, the “Term Loan B Agent”) and collateral agent (together with its successors and permitted assigns in such capacity, the “Collateral Agent”), and
Coöperatieve Rabobank U.A., New York Branch, as administrative agent for the Term Loan A Lenders (together with its successors and permitted assigns in such capacity, the “Term Loan A Agent”, and together with the Term Loan B
Agent, the “Term Loan Administrative Agents”), an Issuing Bank and as administrative agent for the Revolving Credit Lenders (together with its successors and permitted assigns in such capacity, the “Revolver Administrative
Agent” and, together with the Term Loan Administrative Agents, the “Administrative Agents”; the Term Loan Administrative Agents, the Collateral Agent and the Revolver Administrative Agent are referred to herein collectively
as the “Agents” and each, an “Agent”); and in accordance with that certain Security Agreement, dated as of the date hereof (the “Security Agreement”), among the Term Loan Borrower and the other
Pledgors in favor of the Collateral Agent. Undefined capitalized terms used herein have the meanings assigned to such terms in the Credit Agreement and the Security Agreement, as applicable. 

The undersigned hereby certifies to Collateral Agent and the other Secured Parties that he is the [ 🌑 ] of Parent, and that as such [s]he is qualified to deliver this Certificate, and further certifies as follows: 
  

 

	7 	 For Closing Date Perfection Certificate. 

	8 	 For supplemental Perfection Certificates. 

	I.	 Identification Matters 

 

	 	A.	 Legal Names, Organizations, Jurisdictions of Organization and Organizational Identification
Numbers. The full and exact legal name (as it appears in each respective certificate or articles of incorporation, limited liability membership agreement or similar organizational documents, in each case as amended to date), the type of
organization, the jurisdiction of organization (or formation, as applicable), and the organizational identification number of each Loan Party are as follows: 

 

									
	Loan Party	  	
Organization

Type
	  	
Jurisdiction of

Formation
	  	
Organizational

ID
	  	
Federal
 Employer
ID

	 	  	 	  	 	  	 	  	 
	 	  	 	  	 	  	 	  	 
	 	  	 	  	 	  	 	  	 
	 	  	 	  	 	  	 	  	 
	 	  	 	  	 	  	 	  	 
	 	  	 	  	 	  	 	  	 
	 	  	 	  	 	  	 	  	 
	 	  	 	  	 	  	 	  	 
	 	  	 	  	 	  	 	  	 
	 	  	 	  	 	  	 	  	 
	 	  	 	  	 	  	 	  	 

	 	B.	 Changes in Names, Jurisdiction of Organization or Corporate Structure. Except as
set forth below, no Loan Party has changed its name, jurisdiction of organization or corporate structure in any way (whether by merger, consolidation, change in corporate form, change in jurisdiction of organization or otherwise) within the past six
months: 

  

					
	Loan Party	  	Prior Name	  	
Date of

Change

	 	  	 	  	 

	 	C.	 Chief Executive Offices and Mailing Addresses. For each Loan Party, the address
of its chief executive office, and its preferred mailing address (if different from the address of the chief executive office), is set forth below: 

  

					
	Loan Party	  	
Address of Chief Executive

Office
	  	
Mailing Address (if different

from CEO address)

	 	  	 	  	 
	 	  	 	  	 
	 	  	 	  	 
	 	  	 	  	 
	 	  	 	  	 
	 	  	 	  	 
	 	  	 	  	 
	 	  	 	  	 
	 	  	 	  	 
	 	  	 	  	 
	 	  	 	  	 
	 	  	 	  	 
	 	  	 	  	 

	 	D.	 Sanctioned Countries. 

Does any Loan Party or any of its subsidiaries or affiliates derive any revenue from the Crimea region of Ukraine, Cuba,
Iran, North Korea or Syria? (each a “Sanctioned Country”)? [Yes/No] 
 Is any Loan Party or any of its
subsidiaries or affiliates (a) located, organized or resident in a Sanctioned Country, (b) conduct any business in a Sanctioned Country or (c) conduct any business with entities or individuals subject of sanctions or located,
organized or resident in a Sanctioned Country? [Yes/No] 

	II.	 Information regarding Special Collateral 

A.       Intellectual Property. For each Loan Party, set forth below is a list of all
copyrights and copyright applications, patents and patent applications, trademarks and trademark applications, intellectual property licenses to which such Loan Party is a party, and other intellectual property owned or used, or hereafter adopted,
held or used: 
 U.S. and International Patents: 
  

											
	Country	  	Title	  	
Filing/Issue

Date
	  	
Application

Number/
Patent
Number
	  	
Owner/

Assignee
	  	Status
	 	  	 	  	 	  	 	  	 	  	 
	 	  	 	  	 	  	 	  	 	  	 

 U.S. Registered Copyrights: 

							
	Title	  	
    Copyright    

Number
	  	
    Registration    

Date
	  	Owner/Claimant
	 	  	 	  	 	  	 
	 	  	 	  	 	  	 
	 	  	 	  	 	  	 

 Domain Names: 
  

					
	Domain Name	  	Paid Through Date	  	Status
	 	  	 	  	 
	 	  	 	  	 

 Trademarks: 
  

											
	Brand/Mark Licensed	  	
    Mark    

Type
	  	    Owner    	  	
HLF

    Licensee    
	  	
    Markets    

under

Contract
	  	
    Registration    

status in

market

	 	  	 	  	 	  	 	  	 	  	 
	 	  	 	  	 	  	 	  	 	  	 
	 	  	 	  	 	  	 	  	 	  	 
	 	  	 	  	 	  	 	  	 	  	 
	 	  	 	  	 	  	 	  	 	  	 
	 	  	 	  	 	  	 	  	 	  	 
	 	  	 	  	 	  	 	  	 	  	 
	 	  	 	  	 	  	 	  	 	  	 
	 	  	 	  	 	  	 	  	 	  	 

	 	B.	 Electronic Chattel Paper. For each Loan Party (other than any Foreign Obligor), set
forth below is a complete list of all Electronic Chattel Paper of any such Loan Party having an aggregate principal amount equal to or in excess of $250,000 individually or $1,000,000 in the
aggregate: 

	 	C.	 Instruments, Tangible Chattel Paper and Documents. For each Loan Party (other than any
Foreign Obligor), set forth below is a complete list of all Instruments, Tangible Chattel Paper and Documents of any such Loan Party (other than intercompany notes) having an aggregate principal amount equal to or in excess of $250,000 individually
or $1,000,000 in the aggregate: 

 Documents: 

Instruments: 

Tangible Chattel Paper: 

	 	D.	 Equity Interests and Certificated Securities. For each Loan Party, set forth below is a
complete list of (i) all issued and outstanding equity interests and any certificated securities owned by each Loan Party that is incorporated in the United States of America in their respective Subsidiaries and (ii) all other issued and
outstanding equity interests and any certificated securities owned by each Loan Party that is organized in the United States of America: 

  

									
	Issuer	  	Owner	  	
Number and
 Percentage
of
 Shares

Outstanding

Owned by Loan

Parties
	  	
Certificate

Number
	  	
Class and Nature
(Voting, Non-

Voting,
 Preferred,
Etc.)

	 	  	 	  	 	  	 	  	 
	 	  	 	  	 	  	 	  	 
	 	  	 	  	 	  	 	  	 
	 	  	 	  	 	  	 	  	 
	 	  	 	  	 	  	 	  	 
	 	  	 	  	 	  	 	  	 
	 	  	 	  	 	  	 	  	 
	 	  	 	  	 	  	 	  	 
	 	  	 	  	 	  	 	  	 
	 	  	 	  	 	  	 	  	 

	 	E.	 Insurance. For each Loan Party, set forth below is a description of the insurance
coverage for all of the Loan Parties: 

	 	F.	 Owned Real Property. For each Loan Party (other than any Foreign Obligor), set forth
below is a list of all real property owned by such Loan Party with a value in excess of $65,000,000, such list to include (a) the name of the Loan Party owning such property, (b) the number of buildings located on such property,
(c) the property address, (d) the city, county, state and zip code which such property is located, and (e) the fair market value of such property: 

 III.        AUTHORITY TO FILE FINANCING STATEMENTS 

The undersigned, on behalf of itself and each other Loan Party, hereby authorizes Collateral Agent at any time and from time
to time to file in any relevant jurisdiction any financing statements (including fixture filings), continuation statements, and amendments thereto that contain the information required by Article 9 of the UCC of each applicable jurisdiction for the
filing of any financing statement or amendment, including (i) whether the Loan Party is an organization, the type of organization and any organizational identification number issued to such Loan Party and (ii) in the case of a financing
statement filed as a fixture filing, a sufficient description of the real property to which such Collateral relates. The undersigned, on behalf of itself and each other Loan Party, agrees to provide such information to Collateral Agent promptly upon
request. Such financing statements or amendments may describe the Collateral as “all assets” or “all personal property, whether now owned or hereafter acquired,” or in any other manner that Collateral Agent deems necessary or
advisable to ensure the perfection of the security interests granted under the Collateral Documents. 

 IN WITNESS WHEREOF, the undersigned hereto has executed this Perfection
Certificate as of the date first written above. 
  

			
	 By:      
	 	  

		 	 Name:

		 	 Title:

 EXHIBIT E 

to the Credit Agreement 

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 between the Assignor named below (the “Assignor”) and the Assignee named below (the “Assignee”). Capitalized terms used but not defined herein shall have the meanings given to them in the
Credit Agreement identified below (as amended, restated, amended and restated, supplemented or otherwise modified from time to time, the “Credit 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 Credit Agreement, as of the Effective Date inserted by the [Term Loan A Agent][Term Loan B Agent][Revolver
Administrative Agent]1 as contemplated below (i) all of the Assignor’s rights and obligations in its capacity as a Lender under the Credit 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 Credit 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 by the Assignor to the Assignee pursuant to clauses (i) and (ii) above being referred to herein collectively as the “Assigned Interest”). Each 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[s]:
	  	  
	  	
				
		  		  	  
	  	
				
	 2.
	  	 Assignee[s]:
	  	  
	  	
		
		  	 [and is an Affiliate/Approved Fund of [identify
Lender]]2

  

	1 	 Select as appropriate 

	2	 Select as appropriate 

  
 E-1 

					
	 3.        
	  	 [Term Loan Borrower:
	 	 HLF Financing SaRL, LLC]

			
		  	 [Revolver Borrowers:
	 	 Herbalife Nutrition Ltd., HLF Financing SaRL, LLC, Herbalife International Luxembourg S.à R.L., Herbalife
International, Inc.]3

			
	 4.
	  	 [Term Loan A Agent:
	 	 Coöperatieve Rabobank U.A., New York Branch]

			
		  	 [Term Loan B Agent:
	 	 Jefferies Finance LLC]

			
		  	 [Revolver Administrative Agent:
	 	 Coöperatieve Rabobank U.A., New York
Branch]4

  

					
	 5.        
	  	 Credit Agreement: The Credit Agreement dated as of August 16, 2018 (as amended, restated, amended and
restated, supplemented or otherwise modified from time to time, the “Credit Agreement”; terms defined therein being used herein as therein defined), among HLF Financing SaRL, LLC a Delaware limited liability company (“TL
Borrower”), Herbalife Nutrition Ltd., a Cayman Islands exempted company incorporated with limited liability (“Parent”), Herbalife International Luxembourg S.à R.L., a Luxembourg private limited liability company
(société à responsabilité limitée), existing and organized under the laws of Luxembourg, having its registered office at 16, avenue de la Gare, L-1610 Luxembourg and
registered with the Luxembourg Register of Commerce and Companies (R.C.S. Luxembourg) under number B 88.006 (“HIL”), Herbalife International, Inc., a Nevada corporation (“HII” and, together with Parent, TL Borrower and
HIL, the “Revolver Borrowers”; the Revolver Borrowers, together with the TL Borrower, are referred to herein as the “Borrowers”), the several banks and other financial institutions or entities from time to time
parties thereto as lenders, Jefferies Finance LLC (“Jefferies”), as administrative agent for the Term Loan B Lenders (together with its successors and permitted assigns in such capacity, the “Term Loan B Agent”) and
collateral agent (together with its successors and permitted assigns in such capacity, the “Collateral Agent”), and Coöperatieve Rabobank U.A., New York Branch (“Rabobank”), as administrative agent for the Term
Loan A Lenders (together with its successors and permitted assigns in such capacity, the “Term Loan A Agent”; the Term Loan A Agent together with the Term Loan B Agent, the “Term Loan Administrative Agents” and each, a
“Term Loan Administrative Agent”), an Issuing Bank and as administrative agent for the Revolving Credit Lenders (together with its successors and permitted assigns in such capacity, the “Revolver Administrative
Agent” and, together with the Term Loan Administrative Agents, the “Administrative Agents”; the Term Loan Administrative Agents, the Collateral Agent and the Revolver Administrative Agent are referred to herein collectively
as the “Agents” and each, an “Agent”).

  

	3 	 Select as appropriate 

	4 	 Select as appropriate 

  
 E-2 

	6.	 Assigned Interest: 

 

																									
	Assignor[s]5	  	Assignee[s]6	 	  	 Facility

Assigned7
	 	  	 Aggregate

Amount of

Commitment/
Loans
 for
all Lenders
	 	  	 Amount of

Commitment/
Loans

Assigned
	 	  	 Percentage

Assigned of

Commitment/
 Loans8
	 	 	 CUSIP

Number
	 
	 	  	 	 	 	  	 	________________	 	  	$	________________	 	  	$	_________	 	  	 	____________	% 	 	 	 	 
	 	  	 	 	 	  	 	________________	 	  	$	________________	 	  	$	_________	 	  	 	____________	% 	 	 	 	 
	 	  	 	 	 	  	 	________________	 	  	$	________________	 	  	$	_________	 	  	 	____________	% 	 	 	 	 

 Effective Date:
                        , 20         [TO BE INSERTED BY THE APPLICABLE
ADMINISTRATIVE AGENT AND WHICH SHALL BE THE EFFECTIVE DATE OF RECORDATION OF TRANSFER IN THE REGISTER THEREFOR.] 
 The Assignee agrees to
deliver to the [Term Loan Administrative Agents][Revolver Administrative Agent]9 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 each Borrower, the Loan Parties and their Affiliates 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. 

[Signature page follows] 

 

	5 	 List each Assignor, as appropriate. 

	6 	 List each Assignee, as appropriate. 

	7 	 Fill in the appropriate terminology for the types of facilities under the Credit Agreement that are being
assigned under this Assignment and Assumption (e.g. “Revolving Credit Commitment”, “Term Loan”, “Term Loan Commitment”, etc.). 

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

	9 	 Select as appropriate. 

  
 E-3 

 The terms set forth in this Assignment and Assumption are hereby agreed to: 

 

			
	 ASSIGNOR

	
	 [NAME OF ASSIGNOR]

		
	 By:
	 	  

		 	 Name:

		 	 Title:

	
	 ASSIGNEE

	
	  

	 [NAME OF ASSIGNEE]

		
	 By:
	 	  

		 	 Name:

		 	 Title:

  

			
	 Consented to and Accepted:

	
	 [Coöperatieve Rabobank U.A., New York Branch as Term Loan A Administrative
Agent

		
	 By:
	 	  

		 	 Name:

		 	 Title:

	
	 JEFFERIES FINANCE LLC,
as Term Loan B Administrative Agent

		
	 By:
	 	  

		 	 Name:

		 	 Title:                ]10

  

	10	 Select as appropriate. 

  
 E-4 

			
	 [Coöperatieve Rabobank U.A., New York Branch
as Revolver Administrative
Agent

		
	 By:
	 	
                  
   

		 	 Name:

		 	 Title:]11

	
	 [Consented to:]12

	
	 [Term Loan Borrower

	
	 HLF FINANCING SaRL, LLC]

	
	 [Revolver Borrowers

	
	 HERBALIFE NUTRITION LTD.

	 HLF FINANCING SaRL, LLC

	 HERBALIFE INTERNATIONAL LUXEMBOURG S.À R.L.

	 HERBALIFE INTERNATIONAL, INC.]13

		
	 By:
	 	
                 

		 	 Name:

		 	 Title:

  

	11 	 Select as appropriate. 

	12 	 To be added only if the consent of the Borrowers is required by the terms of the Credit Agreement.

	13 	 Select as appropriate. 

  
 E-5 

 ANNEX 1 TO ASSIGNMENT AND ASSUMPTION 

CREDIT AGREEMENT DATED AS OF [ 🌑 ], 2018 AMONG HLF FINANCING SaRL, LLC, HERBALIFE
NUTRITION LTD., HERBALIFE INTERNATIONAL LUXEMBOURG S.À R.L., HERBALIFE INTERNATIONAL, INC., THE SEVERAL BANKS AND OTHER FINANCIAL INSTITUTIONS OR ENTITIES FROM TIME TO TIME PARTIES THERETO AS LENDERS, JEFFERIES FINANCE LLC, AS ADMINISTRATIVE
AGENT FOR THE TERM LOAN B LENDERS AND COLLATERAL AGENT, AND COÖPERATIEVE RABOBANK U.A., NEW YORK BRANCH, AS ADMINISTRATIVE AGENT FOR THE TERM LOAN A LENDERS, AN ISSUING BANK AND AS ADMINISTRATIVE AGENT FOR THE REVOLVING CREDIT LENDERS 

STANDARD TERMS AND CONDITIONS FOR 

ASSIGNMENT AND ASSUMPTION 

1.        Representations and Warranties. 

1.1      Assignor. Each 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, (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 (iv) it is [not] a Defaulting Lender and (b) assumes no responsibility with respect to (i) any statements, warranties or representations made in or
in connection with the Credit 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 Borrowers, any of the other Loan Parties or their respective Subsidiaries and Affiliates or any other Person obligated in respect of any Loan Document or (iv) the performance or observance by the Borrowers, any of the other Loan Parties
or their respective Subsidiaries and Affiliates or any other Person of any of their respective obligations under any Loan Document or any other instrument or documents furnished pursuant hereto or thereto. 

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 Credit Agreement, (ii) it satisfies the requirements,
if any, specified in the Credit 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 Credit
Agreement as a Lender thereunder and, to the extent of the Assigned Interest, shall have the obligations of a Lender thereunder, (iv) it is sophisticated with respect to decisions to acquire assets of the type represented by the Assigned
Interest and either it, or the person exercising discretion in making its decision to acquire the Assigned Interest, is experienced in acquiring assets of such type, (v) it has received a copy of the Credit Agreement, together with copies of
the most recent financial statements referred to in Section 3.1 or delivered pursuant to Section 5.1 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 

  
 Annex 1 page 1 

 
analysis and decision independently and without reliance on the Administrative Agent or any other Lender, (vi) it is not a Disqualified Lender or an Affiliate of a Disqualified Lender and
(viii) attached to the Assignment and Assumption hereto is any documentation required to be delivered by it pursuant to the terms of the Credit Agreement, duly completed and executed by the Assignee and (b) agrees that (i) it will,
independently and without reliance on any 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, (ii) that it appoints and authorizes the Agents to take such action on its behalf and to exercise such powers under the Credit Agreement and the other Loan Documents as are delegated to the Agents by the terms thereof,
together with such powers as are reasonably incidental thereto, and (iii) 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. 

2.      Payments. From and after the Effective Date, the Administrative Agents 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 email or telecopy or other electronic method 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. 

  
 Annex 1 page 2 

 EXHIBIT F-1 

to the Credit Agreement 

FORM OF SENIOR/JUNIOR INTERCREDITOR AGREEMENT 

Provided Separately 

  
 F-1-1 

  

 
 [FORM OF]22 
 SENIOR/JUNIOR INTERCREDITOR AGREEMENT 

dated as of 
 [•],
20[     ], 
 among 

JEFFERIES FINANCE LLC, 
 as Initial
Senior Lien Agent, 
 [                 ], 

as Initial Junior Lien Agent, 
 HLF
FINANCING SaRL, LLC, 
 HERBALIFE INTERNATIONAL, INC., 

HERBALIFE NUTRITION LTD. and 

HERBALIFE INTERNATIONAL LUXEMBOURG S.À R.L., 

as the Borrowers 
 the
Subsidiaries of Herbalife Nutrition Ltd. 
 from time to time party hereto, and 

each other party from time to time party hereto. 

THIS IS THE SENIOR/JUNIOR INTERCREDITOR AGREEMENT REFERRED TO IN (A) ANY SENIOR LIEN COLLATERAL DOCUMENT (AS DEFINED HEREIN),
(B) ANY JUNIOR LIEN COLLATERAL DOCUMENT (AS DEFINED HEREIN) AND (C) ANY SENIOR LIEN CREDIT AGREEMENT (AS DEFINED HEREIN), ANY JUNIOR LIEN CREDIT AGREEMENT (AS DEFINED HEREIN) AND THE OTHER SECURITY DOCUMENTS REFERRED TO IN SUCH CREDIT
AGREEMENTS. 
  
  

 
  

 

	22 	 NTD: Appropriate modifications required by or agreed to by the Administrative Agent will be made to this
form to reflect the existence of other intercreditor agreements in effect at the time this form of agreement is entered into. 

  
 F-1-2 

 Table of Contents 
  

							
	 	 	 	  	Page	 
		
	ARTICLE 1	  			
	DEFINITIONS	  			
			
	 Section 1.1
	 	UCC Definitions	  	 	2	 
	 Section 1.2
	 	Other Definitions	  	 	2	 
	 Section 1.3
	 	Rules of Construction	  	 	12	 
		
	ARTICLE 2	  	 	 
	LIEN PRIORITY	  	 	 
			
	 Section 2.1
	 	Priority of Liens	  	 	12	 
	 Section 2.2
	 	Waiver of Right to Contest Liens	  	 	14	 
	 Section 2.3
	 	Remedies Standstill	  	 	14	 
	 Section 2.4
	 	Exercise of Rights	  	 	15	 
	 Section 2.5
	 	No New Liens	  	 	17	 
	 Section 2.6
	 	Similar Liens and Agreements	  	 	18	 
	 Section 2.7
	 	Waiver of Marshalling	  	 	18	 
	 Section 2.8
	 	No Waiver by Senior Lien Secured Parties	  	 	19	 
	 Section 2.9
	 	Rights as Unsecured Creditors	  	 	19	 
		
	ARTICLE 3	  	 	 
	ACTIONS OF THE PARTIES	  	 	 
			
	 Section 3.1
	 	Reserved	  	 	19	 
	 Section 3.2
	 	Agent for Perfection	  	 	19	 
	 Section 3.3
	 	Sharing of Information and Access	  	 	20	 
	 Section 3.4
	 	Insurance and Condemnation Awards	  	 	20	 
	 Section 3.5
	 	No Additional Rights For the Credit Parties Hereunder	  	 	20	 
	 Section 3.6
	 	Payments Over	  	 	21	 
		
	ARTICLE 4	  	 	 
	APPLICATION OF PROCEEDS	  	 	 
			
	 Section 4.1
	 	Application of Proceeds	  	 	21	 
	 Section 4.2
	 	Specific Performance	  	 	22	 
	 Section 4.3
	 	Certain Agreements with Respect to Unenforceable Liens	  	 	22	 
		
	ARTICLE 5	  	 	 
	INTERCREDITOR ACKNOWLEDGEMENTS AND WAIVERS	  	 	 
			
	 Section 5.1
	 	Notice of Acceptance and Other Waivers	  	 	23	 
	 Section 5.2
	 	Modifications to Senior Lien Documents and Junior Lien Documents	  	 	24	 
	 Section 5.3
	 	Effect of Refinancing of Indebtedness under Senior Lien Documents	  	 	27	 
	 Section 5.4
	 	Reinstatement and Continuation of Agreement	  	 	27	 

  
 F-1-3 

							
		
	ARTICLE 6	  	 	 
	INSOLVENCY PROCEEDINGS	  	 	 
			
	 Section 6.1
	 	DIP Financing	  	 	28	 
	 Section 6.2
	 	Relief From Stay	  	 	29	 
	 Section 6.3
	 	No Contest; Adequate Protection	  	 	29	 
	 Section 6.4
	 	Asset Sales	  	 	30	 
	 Section 6.5
	 	Post-Petition Interest	  	 	30	 
	 Section 6.6
	 	Certain Waivers by the Junior Lien Secured Parties	  	 	31	 
	 Section 6.7
	 	Separate Grants of Security and Separate Classification	  	 	31	 
	 Section 6.8
	 	Enforceability	  	 	32	 
	 Section 6.9
	 	Reorganization Securities	  	 	32	 
	 Section 6.10
	 	Senior Lien Obligations Unconditional	  	 	32	 
	 Section 6.11
	 	Junior Lien Obligations Unconditional	  	 	32	 
		
	ARTICLE 7	  	 	 
	MISCELLANEOUS	  	 	 
			
	 Section 7.1
	 	Rights of Subrogation	  	 	33	 
	 Section 7.2
	 	Further Assurances	  	 	33	 
	 Section 7.3
	 	Representations	  	 	33	 
	 Section 7.4
	 	Amendments	  	 	34	 
	 Section 7.5
	 	Addresses for Notices	  	 	34	 
	 Section 7.6
	 	No Waiver; Remedies	  	 	35	 
	 Section 7.7
	 	Continuing Agreement; Transfer of Secured Obligations	  	 	35	 
	 Section 7.8
	 	GOVERNING LAW; ENTIRE AGREEMENT	  	 	35	 
	 Section 7.9
	 	Counterparts	  	 	36	 
	 Section 7.10
	 	No Third Party Beneficiaries	  	 	36	 
	 Section 7.11
	 	Headings	  	 	36	 
	 Section 7.12
	 	Severability	  	 	36	 
	 Section 7.13
	 	VENUE; JURY TRIAL WAIVER	  	 	36	 
	 Section 7.14
	 	Senior/Junior Intercreditor Agreement	  	 	38	 
	 Section 7.15
	 	No Warranties or Liability	  	 	38	 
	 Section 7.16
	 	Conflicts	  	 	38	 
	 Section 7.17
	 	Costs and Expenses	  	 	38	 
	 Section 7.18
	 	Reliance; Information Concerning Financial Condition of the Credit Parties	  	 	38	 
	 Section 7.19
	 	Additional Credit Parties	  	 	39	 
	 Section 7.20
	 	Additional Pari Passu Agents	  	 	39	 
	 Section 7.21
	 	Effectiveness; Survival	  	 	40	 
		
	ARTICLE 8	  	 	 
		
	PURCHASE OF SENIOR LIEN OBLIGATIONS	  	 	 
	BY JUNIOR LIEN SECURED PARTIES	  	 	 
			
	 Section 8.1
	 	Purchase Right	  	 	40	 
	 Section 8.2
	 	Purchase Notice	  	 	40	 

  
 F-1-4 

							
	 Section 8.3
	 	Purchase Price	  	 	41	 
	 Section 8.4
	 	Purchase Closing	  	 	41	 
	 Section 8.5
	 	Actions After Purchase Closing	  	 	41	 
	 Section 8.6
	 	No Recourse or Warranties; Defaulting Creditors	  	 	42	 

  

  
 F-1-5 

 THIS INTERCREDITOR AGREEMENT (as amended, restated, amended and restated,
extended, supplemented or otherwise modified from time to time pursuant to the terms hereof, this “Agreement”) is entered into as of [•], 20[ ], among (a) JEFFERIES FINANCE LLC (“Jefferies”), in its
capacity as collateral agent (together with its successors and assigns in such capacity, the “Initial Senior Lien Agent”) for the financial institutions, lenders and investors party from time to time to the Initial Senior Lien
Credit Agreement referred to below (such financial institutions, lenders and investors, together with their respective successors, assigns and transferees, the “Initial Senior Lien Lenders”) (such Initial Senior Lien Lenders,
together with the Initial Senior Lien Agent and any other secured parties under any other Senior Lien Credit Agreement, the “Senior Lien Secured Parties”),
(b) [                 ], in its capacities as administrative agent and collateral agent (together with its successors and assigns in such capacities, the
“Initial Junior Lien Agent”) for the financial institutions, lenders and investors party from time to time to the Initial Junior Lien Credit Agreement referred to below (such financial institutions, lenders and investors, together
with their respective successors, assigns and transferees, the “Initial Junior Lien Lenders”) (such Initial Junior Lien Lenders, together with the Intial Junior Lien Agent and any other secured parties under any other Junior Lien
Credit Agreement, the “Junior Lien Secured Parties”), (c) HLF Financing SaRL, LLC, a Delaware limited liability company (“TL Borrower”), Herbalife Nutrition Ltd., a Cayman Islands exempted company incorporated with
limited liability (“Parent”), Herbalife International Luxembourg S.à R.L., a Luxembourg private limited liability company (société à
responsabilité limitée), existing and organized under the laws of Luxembourg, having its registered office at 16, avenue de la Gare, L-1610 Luxembourg and
registered with the Luxembourg Register of Commerce and Companies (R.C.S. Luxembourg) under number B 88.006 (“HIL”), Herbalife International, Inc., a Nevada corporation (“HII” and, together with Parent, TL
Borrower and HIL, the “Revolver Borrowers”; the Revolver Borrowers, together with the TL Borrower, are referred to herein as the “Borrowers”), (e) certain subsidiaries of the Borrowers from time to time party hereto
and (f) each Additional Senior Pari Passu Agent and Additional Junior Pari Passu Agent from time to time party hereto pursuant to Section 7.20 hereof. 

RECITALS 

A.       Pursuant to that certain Credit Agreement dated as of August 16, 2018, among the
Borrowers, Coöperatieve Rabobank U.A., New York Branch, as an issuing bank and as administrative agent for the Term A Lenders (as defined therein) and Revolving Credit Lenders (as defined therein), Jefferies, as administrative agent for
the Term B Lenders (as defined therein) (the “Initial Senior Lien Credit Agreement”)), the Initial Senior Lien Lenders have agreed to make certain loans to the Borrowers. 

B.       Pursuant to one or more guaranties, each dated as of August 16, 2018 (the
“Senior Lien Guaranties”), the Senior Lien Guarantors have agreed to guarantee, inter alia, the payment and performance of the Borrowers’s obligations under the Initial Senior Lien Documents. 

C.       As a condition to the effectiveness of the Initial Senior Lien Credit Agreement and to
secure the obligations of the Borrowers and the Senior Lien Guarantors (the Borrowers, the Senior Lien Guarantors and each other direct or indirect subsidiary or parent of the Borrowers or any of their affiliates that is now or hereafter becomes a
party to any Senior Lien Document, collectively, the “Senior Lien Credit Parties”) under and in connection with the Initial 

  
 F-1-1 

 
Senior Lien Documents, the Initial Senior Lien Credit Parties have granted to the Initial Senior Lien Agent (for the benefit of the Initial Senior Lien Lenders) Liens on the Collateral. 

D.       Pursuant to that certain Junior Lien Credit Agreement dated as of the date hereof among
the Borrowers, the Junior Lien Lenders, and the Initial Junior Lien Agent (the “Initial Junior Lien Credit Agreement”), the Initial Junior Lien Lenders have agreed to make certain loans to the Borrowers. 

E.       Pursuant to one or more guaranties dated as of the date hereof (the “Junior
Lien Guaranties”), the Junior Lien Guarantors have agreed to guarantee, inter alia, the payment and performance of the Borrowers’s obligations under the Initial Junior Lien Documents. 

F.       As a condition to the effectiveness of the Initial Junior Lien Credit Agreement and to
secure the obligations of the Borrowers and the Junior Lien Guarantors (the Borrowers, the Junior Lien Guarantors and each other direct or indirect subsidiary or parent of the Borrowers or any of their affiliates that is now or hereafter becomes a
party to any Junior Lien Document, collectively, the “Junior Lien Credit Parties”) under and in connection with the Initial Junior Lien Documents, the Initial Junior Lien Credit Parties have granted to the Initial Junior Lien Agent
(for the benefit of the Initial Junior Lien Lenders) Liens on the Collateral. 
 G.       Each
of the Initial Senior Lien Agent (on behalf of the Initial Senior Lien Lenders) and the Initial Junior Lien Agent (on behalf of the Initial Junior Lien Lenders) and, by their acknowledgment hereof, the Senior Lien Credit Parties and the Junior Lien
Credit Parties, desire to agree to the relative priority of Liens on the Collateral and certain other rights, priorities and interests as provided herein. 

NOW THEREFORE, in consideration of the foregoing and for other good and valuable consideration, receipt of which is hereby
acknowledged, the parties hereto agree as follows: 
 DEFINITIONS 

UCC Definitions. The following terms which are defined in uncapitalized form or otherwise used in the Uniform
Commercial Code are used herein as so defined or used, as the context requires: Account, Chattel Paper, Commercial Tort Claim, Deposit Account, Document, Document of Title, Electronic Chattel Paper, Commodities Account, Commodities Contract,
Financial Asset, Fixtures, Futures Account, Futures Contract, General Intangible, Instrument, Intangible, Inventory, Investment Property, Letter-of-Credit Right, Money,
Payment Intangible, Promissory Note, Records, Securities Account, Security Entitlement, Supporting Obligation and Tangible Chattel Paper. 

Other Definitions. Subject to Section 1.1 hereof, as used in this Agreement, the following
terms shall have the meanings set forth below: 
 “Additional Junior Lien Credit Agreement” means any
agreement relating to any incremental credit facility under the Initial Junior Lien Credit Agreement or any “Incremental Equivalent Debt” (as defined in the Initial Junior Lien Credit Agreement), in each case, permitted under each Senior
Lien Document and Junior Lien Document to be incurred and 

  
 F-1-2 

 
secured on a pari passu basis to the Junior Lien Obligations, and any one or more other agreements, indentures or facilities extending the maturity of, consolidating, restructuring, refunding or
refinancing (including any Permitted Junior Pari Passu Secured Refinancing Debt or any Permitted Junior Secured Refinancing Debt (in each case, to the extent permitted hereunder and under each Senior Lien Document and Junior Lien Document)) all or
any portion of the Junior Lien Obligations (including any such incremental credit facility, Incremental Equivalent Debt, Permitted Junior Pari Passu Secured Refinancing Debt or Permitted Junior Secured Refinancing Debt), in each case secured on a
pari passu basis to the Junior Lien Obligations, whether by the same or any other agent, trustee, lender, group of lenders, creditor or group of creditors and whether or not increasing the amount of any Indebtedness that may be incurred or issued
thereunder, provided that the provisions of Section 7.20 hereto have been complied with. 

“Additional Junior Pari Passu Agent” means the Person appointed to act as an “Agent”,
“Administrative Agent”, “Collateral Agent”, “Trustee”, “Collateral Trustee” or similar term under any Additional Junior Lien Credit Agreement or representative for the holders of any obligations under an
Additional Junior Lien Credit Agreement, including any holder of an irrevocable power of attorney it being understood and agreed that no Additional Junior Pari Passu Agent (if other than a Junior Lien Agent) shall hold any Lien on Collateral. 

“Additional Senior Lien Credit Agreement” means any agreement relating to any incremental credit facility
under the Initial Senior Lien Credit Agreement or any “Incremental Equivalent Debt” (as defined in the Initial Senior Lien Credit Agreement), in each case permitted under each Senior Lien Document and Junior Lien Document to be incurred
and secured on a pari passu basis with the Senior Lien Obligations, and any one or more other agreements, indentures or facilities extending the maturity of, consolidating, restructuring, refunding or refinancing (including any Permitted Senior Pari
Passu Secured Refinancing Debt) (in each case, to the extent permitted hereunder and under each Senior Lien Document and Junior Lien Document) all or any portion of the Senior Lien Obligations (including any such incremental credit facility,
Incremental Equivalent Debt or Permitted Senior Pari Passu Secured Refinancing Debt), in each case secured on a pari passu basis with the Senior Lien Obligations whether by the same or any other agent, trustee, lender, group of lenders, creditor or
group of creditors and whether or not increasing the amount of any Indebtedness that may be incurred or issued thereunder, provided that the provisions of Section 7.20 have been complied with. 

“Additional Senior Pari Passu Agent” means the Person appointed to act as an “Agent”,
“Administrative Agent”, “Collateral Agent”, “Trustee”, “Collateral Trustee” or similar term under any Additional Senior Lien Credit Agreement or representative for the holders of any obligations under an
Additional Senior Lien Credit Agreement, it being understood and agreed that no Additional Senior Pari Passu Agent (if other than a Senior Lien Agent) shall hold any Lien on Collateral. 

“Affiliate” means, as to any Person, any other Person that, directly or indirectly, is in control of, is
controlled by, or is under common control with, such Person. For purposes of this definition, “control” of a Person means the power, directly or indirectly, to direct or cause the direction of the management and policies of such Person,
whether by contract or otherwise. 

  
 F-1-3 

 “Agent(s)” means individually any Senior Lien Agent or
Junior Lien Agent and collectively means each Senior Lien Agent and Junior Lien Agent. 
 “Agreement” has
the meaning assigned to that term in the introduction to this Agreement. 
 “Bankruptcy Code” means Title
11 of the United States Code, as now or hereafter in effect or any successor thereto. 
 “Borrowers” has
the meaning assigned to that term in the recitals to this Agreement. 
 “Business Day” means any day that
is not a Saturday, Sunday or other day on which commercial banks in New York, New York are authorized or required by law to remain closed. 

“Collateral” means all Property now owned or hereafter acquired by the Borrowers or any Guarantor in or upon
which a Lien is granted or purported to be granted to any Senior Lien Agent or any Junior Lien Agent under any of the Senior Lien Collateral Documents or Junior Lien Collateral Documents, respectively, together with all rents, issues, profits,
products and Proceeds thereof. 
 “Comparable Junior Lien Collateral Document” means, in relation to any
Collateral subject to any Lien created under any Senior Lien Collateral Document, the Junior Lien Collateral Document that creates a Lien on the same Collateral, granted by the same Credit Party. 

“Control Collateral” means any Collateral consisting of any Certificated Security (as defined in Section 8-102 of the Uniform Commercial Code), Commodities Account, Commodities Contract, Deposit Account, Futures Account, Futures Contract, Instruments, Investment Property and any other Collateral as to
which a Lien may be perfected through possession or control by the secured party or any agent therefor. 
 “Credit
Documents” means, collectively, the Senior Lien Documents and the Junior Lien Documents. 
 “Credit
Parties” means, collectively, the Senior Lien Credit Parties and the Junior Lien Credit Parties. 
 “Debtor
Relief Laws” means the Bankruptcy Code and all other liquidation, conservatorship, bankruptcy, assignment for the benefit of creditors, moratorium, rearrangement, receivership, insolvency, reorganization or similar debtor relief laws of the
United States or other applicable jurisdictions from time to time in effect and affecting the rights of creditors generally, including any provision of any statute governing the existence of any artificial legal person permitting that legal person
to propose a compromise or an arrangement with respect to any class of its creditors, including plans of arrangement under applicable corporation law statutes. 

“Declined Junior Lien” has the meaning set forth in Section 2.6 hereof. 

“Defaulting Creditor” has the meaning set forth in Section 8.6(c) hereof. 

  
 F-1-4 

 “Designated Junior Lien Agent” means (i) if at any
time there is only one Series of Junior Lien Obligations outstanding at such time, the Junior Lien Agent for the Junior Lien Secured Parties of such Series and (ii) at any time when clause (i) does not apply, the “Applicable
Authorized Representative” (or equivalent term, as defined in the Junior Lien Pari Passu Intercreditor Agreement) at such time. 

“Designated Senior Lien Agent” means (i) if at any time there is only one Series of Senior Lien
Obligations outstanding at such time, the Senior Lien Agent for the Senior Lien Secured Parties of such Series and (ii) at any time when clause (i) does not apply, the “Applicable Authorized Representative” (or equivalent term,
as defined in the Senior Lien Pari Passu Intercreditor Agreement) at such time. 
 “DIP Financing” has the
meaning set forth in Section 6.1(a) hereof. 
 “Discharge” means, with respect to
any Series of Senior Lien Obligations, subject to refinancing and reinstatement pursuant to Sections 5.3 and 5.4, the time at which (i) all the Senior Lien Obligations (other than contingent indemnification and reimbursement
obligations as to which no claim has been asserted by the Person entitled thereto) of such Series have been paid in full in cash and all Commitments (or commitments defined by reference to a similar term) (as defined in the applicable Senior Lien
Credit Agreement) have been terminated, (ii) all letters of credit issued under the Senior Lien Credit Agreement of such Series have been terminated or expired or cash collateral or backstop letters of credit in respect thereof in compliance
with such Senior Lien Credit Agreement have been delivered (or such other arrangements reasonably satisfactory to the applicable Senior Lien Agent relating to such Senior Lien Credit Agreement and each applicable issuing bank have been made) and
(iii) adequate provision satisfactory to the applicable Senior Lien Secured Parties shall have been made for any contingent or unliquidated Senior Lien Obligations of such Series related to claims, causes of action or other liabilities that
have been asserted by such Senior Lien Secured Parties and for which reimbursement or indemnification is required under the Senior Lien Documents of such Series. 

“Discharge of Senior Lien Obligations” means the Discharge of the Initial Senior Lien Credit Agreement has
occurred and the Discharge of each Additional Senior Lien Credit Agreement has occurred. 
 “Equity
Interest” means any and all shares, interests, participations or other equivalents (however designated) of capital stock of a corporation, any and all equivalent ownership interests in a Person (other than a corporation) and any and all
warrants, rights or options to purchase any of the foregoing, including convertible securities but excluding debt securities convertible or exchangeable into any of the foregoing. 

“Event of Default” means an “Event of Default” or similar term under and as defined in any Senior
Lien Credit Agreement or any Junior Lien Credit Agreement, as applicable. 
 “Excluded Subsidiary” means
(a) with respect to Senior Lien Guarantors, any “Excluded Subsidiary” or similar term under and as defined in any Senior Lien Credit Agreement and (b) with respect to the Junior Lien Guarantors, any “Excluded Subsidiary” or
similar term under and as defined in any Junior Lien Credit Agreement. 

  
 F-1-5 

 “Exercise of Any Secured Creditor Remedies”,
“Exercise Any Secured Creditor Remedies” or “Exercise of Secured Creditor Remedies” means, except as otherwise provided in the final sentence of this definition: 

(a) the taking by any Secured Party of any action to enforce or realize upon any Lien, including the
institution of any foreclosure proceedings or the noticing of any public or private sale pursuant to Article 9 of the Uniform Commercial Code or other applicable law; 

the exercise by any Secured Party of any right or remedy provided to a secured creditor on account of a Lien
under any of the Credit Documents, under applicable law, in an Insolvency Proceeding or otherwise, including the election to retain any of the Collateral in satisfaction of a Lien; 

the taking of any action by any Secured Party or the exercise of any right or remedy by any Secured Party in
respect of the collection on, set off against, marshaling of, injunction respecting or foreclosure on the Collateral or the Proceeds thereof; 

the appointment on the application of a Secured Party of a trustee, receiver, receiver and manager or interim
receiver or similar official of all or part of the Collateral or a monitor for any of the Senior Lien Credit Parties; 

the sale, lease, license or other disposition of all or any portion of the Collateral by private or public
sale conducted by any Secured Party or any other means at the direction of any Secured Party permissible under applicable law; 

the exercise of any other right of a secured creditor under Part 6 of Article 9 of the Uniform Commercial Code
or under provisions of similar effect under other applicable law in respect of the applicable Secured Party’s Senior Lien Obligations or Junior Lien Obligations; 

the exercise by any Secured Party of any voting rights relating to any Equity Interest included in the
Collateral; and 
 commencing or joining with any Person in commencing, or petitioning for or voting in
favor of any resolution for, any action or proceeding described in clauses (a) through (g) above. 
 For the avoidance of doubt, the
filing of a proof of claim in any Insolvency Proceeding and the seeking of adequate protection or the taking of any other action expressly permitted under Section 2.3(b) hereof (other than clause (vi) of such
Section 2.3(b)) shall not be deemed to constitute an Exercise of Any Secured Creditor Remedies or an Exercise of Secured Creditor Remedies. 

“Governmental Authority” means any nation or government, any state or other political subdivision thereof and
any other agency, authority, instrumentality, regulatory body, court, central bank or other entity exercising executive, legislative, judicial, taxing, regulatory or 

  
 F-1-6 

 
administrative powers or functions of or pertaining to government (including any supra-national bodies such as the European Union or the European Central Bank). 

“Guarantor” means any of the Senior Lien Guarantors or Junior Lien Guarantors. 

“Indebtedness” has the meaning provided in the Initial Senior Lien Credit Agreement as in effect on the date
hereof. 
 “Initial Junior Lien Agent” has the meaning assigned to that term in the introduction to this
Agreement. 
 “Initial Junior Lien Credit Agreement” has the meaning assigned to that term in the recitals
to this Agreement. 
 “Initial Junior Lien Documents” means the “Loan Documents” (as defined in
the Initial Junior Lien Credit Agreement). 
 “Initial Senior Lien Agent” has the meaning assigned to that
term in the introduction to this Agreement. 
 “Initial Senior Lien Credit Agreement” has the meaning
assigned to that term in the recitals to this Agreement. 
 “Initial Senior Lien Documents” means the
“Loan Documents” (as defined in the Initial Senior Lien Credit Agreement). 
 “Insolvency
Proceeding” means (a) any case, action or proceeding (including the filing of any proposal or intent to file a proposal) before any court or other Governmental Authority relating to bankruptcy, reorganization, arrangement, insolvency,
liquidation, receivership, dissolution, winding-up or relief of debtors, or (b) any general assignment for the benefit of creditors, composition, marshalling of assets for creditors or other similar
arrangement in respect of a Person’s creditors generally or any substantial portion of a Person’s creditors; in each case covered by clauses (a) or (b) undertaken under any Debtor Relief Laws. 

“Jefferies” has the meaning assigned to that term in the introduction to this Agreement. 

“Junior Lien Agent” means each of (a) the Initial Junior Lien Agent and any successor thereto and
(b) any Additional Junior Lien Agent that becomes a party to the Junior Lien Pari Passu Intercreditor Agreement. 

“Junior Lien Collateral Documents” means all “Security Documents” (or similar documents defined by
reference to any similar term) as defined in any Junior Lien Credit Agreement (including any Junior Lien Guaranty), and all other security agreements, mortgages, deeds of trust and other collateral documents executed and delivered by one or more
Junior Lien Credit Parties in connection with any Junior Lien Credit Agreement (including any intercreditor or joinder agreement among holders of Junior Lien Obligations). For purposes of clarity, any Junior Lien Credit Agreement and any notes or
other instruments issued thereunder shall not constitute a Junior Lien Collateral Document, unless such Junior Lien Credit Agreement or any 

  
 F-1-7 

 
such note or other instrument purports to create a security interest in any Collateral for the benefit of the Junior Lien Secured Parties. 

“Junior Lien Credit Agreement” means each of (a) the Initial Junior Lien Credit Agreement and
(b) any Additional Junior Lien Credit Agreement. 
 “Junior Lien Credit Parties” has the meaning
assigned to that term in the recitals to this Agreement. 
 “Junior Lien Documents” means any Junior Lien
Credit Agreement, any Junior Lien Guaranty, any Junior Lien Collateral Document and all other agreements, instruments, documents and certificates, now or hereafter executed by or on behalf of any Junior Lien Credit Party or any of its respective
Subsidiaries or Affiliates, and delivered to any Junior Lien Agent or any other Junior Lien Secured Party, in connection with any of the foregoing or any Junior Lien Credit Agreement. 

“Junior Lien Guarantors” means the collective reference to (a) Parent, and each Subsidiary of Parent
that is party to any Junior Lien Guaranty, other than any Excluded Subsidiary, and (b) any other Person that becomes a guarantor under any Junior Lien Guaranty. The term “Junior Lien Guarantors” shall include all
“Guarantors” under and as defined in any Junior Lien Credit Agreement in effect on the date hereof. 

“Junior Lien Guaranty” has the meaning assigned to that term in the recitals to this Agreement and also
includes any other guaranty made by a Junior Lien Guarantor guaranteeing, inter alia, the payment and performance of any Junior Lien Obligations. 

“Junior Lien Lenders” has the meaning assigned to that term in the introduction to this Agreement, as well as
any Person designated as a “Lender” or “holder” or “investor” or similar term under any Junior Lien Credit Agreement. 

“Junior Lien Obligations” means any and all obligations of every nature of each Junior Lien Credit Party from
time to time owed to the Junior Lien Secured Parties, or any of them, under, in connection with, or evidenced or secured by any Junior Lien Document, including all “Obligations” (or obligations defined by reference to any similar term) as
defined in any Junior Lien Credit Agreement, and whether for principal, interest, premium on any Indebtedness (including interest and premiums that, but for the filing of a petition or application in bankruptcy with respect to such Junior Lien
Credit Party, would have accrued on any Junior Lien Obligation, whether or not a claim is allowed against such Junior Lien Credit Party for such interest or premium in the related bankruptcy proceeding), letter of credit commissions (if applicable),
charges, fees, expenses, attorneys’ fees and disbursements, indemnification or otherwise, and all other amounts owing or due under the terms of any Junior Lien Document. 

“Junior Lien Pari Passu Intercreditor Agreement” means an agreement among the Borrowers, certain subsidiaries
of Parent party thereto, the Initial Junior Lien Agent, any initial additional authorized representative party thereto and each additional authorized representative from time to time party thereto, in a form to be agreed but substantially similar to
the form provided as Exhibit F-3 to the Initial Senior Lien Credit Agreement; provided, however, that nothing therein shall contravene the provisions of this Agreement. 

  
 F-1-8 

 “Junior Lien Secured Parties” has the meaning assigned to
that term in the introduction to this Agreement. 
 “Lenders” means, collectively, all of the Senior Lien
Lenders and the Junior Lien Lenders. 
 “Lien” means any mortgage, pledge, security assignment, deposit
arrangement, encumbrance, lien (statutory or other), charge or other security interest or any preference, priority or other security agreement or preferential arrangement of any kind or nature whatsoever (including any conditional sale or other
title retention agreement and any capital lease having substantially the same economic effect as any of the foregoing); provided that in no event shall an operating lease in and of itself constitute a Lien. 

“Lien Priority” means, with respect to any Lien of the Senior Lien Secured Parties or the Junior Lien Secured
Parties in the Collateral, the order of priority of such Lien as specified in Section 2.1 hereof. 

“New Senior Lien Agent” has the meaning set forth in Section 5.3 hereof. 

“New Senior Lien Loan Documents” has the meaning set forth in Section 5.3 hereof.

 “Permitted Junior Pari Passu Secured Refinancing Debt” means any “Permitted Pari Passu Secured
Refinancing Debt” as defined in any Junior Lien Credit Agreement and which is secured on a pari passu basis with the Junior Lien Obligations. 

“Permitted Junior Secured Refinancing Debt” means any “Permitted Junior Secured Refinancing Debt”
as defined in any Senior Lien Credit Agreement or any Junior Lien Credit Agreement, as applicable. 
 “Permitted
Senior Pari Passu Secured Refinancing Debt” means any “Permitted Pari Passu Secured Refinancing Debt” as defined in any Senior Lien Credit Agreement and which is secured on a pari passu basis with the Senior Lien Obligations. 

“Permitted Refinancing” means any “Permitted Refinancing” as defined in any Senior Lien Credit
Agreement or any Junior Lien Credit Agreement, as applicable. 
 “Person” means an individual, partnership,
corporation, limited liability company, unlimited liability company, business trust, joint stock company, trust, unincorporated association, joint venture, Governmental Authority or other entity of whatever nature. 

“Proceeds” means (a) all “proceeds,” as defined in Article 9 of the Uniform Commercial Code
with respect to the Collateral, and (b) whatever is recoverable or recovered when any Collateral is sold, exchanged, collected or disposed of, whether voluntarily or involuntarily. 

“Property” means any interest in any kind of property or asset, whether real, personal or mixed, or tangible
or intangible. 
 “Purchase Date” has the meaning set forth in Section 8.2(e)
hereof. 

  
 F-1-9 

 “Purchase Event” has the meaning set forth in
Section 8.1 hereof. 
 “Purchase Notice” has the meaning set forth in
Section 8.1 hereof. 
 “Purchase Obligations” has the meaning set forth in
Section 8.1 hereof. 
 “Purchase Rejection” has the meaning set forth in
Section 8.1 hereof. 
 “Purchase Price” has the meaning set forth in
Section 8.3 hereof. 
 “Purchasing Creditors” has the meaning set forth in
Section 8.2 hereof. 
 “Real Property” means any right, title or interest in and
to real property, including any fee interest, leasehold interest, easement or license and any other right to use or occupy real property. 

“Reorganization Securities” has the meaning set forth in Section 6.9 hereof. 

“Secured Parties” means, collectively, the Senior Lien Secured Parties and the Junior Lien Secured Parties.

 “Senior Lien Agent” means each of (a) the Initial Senior Lien Agent and any successor thereto and
(b) any “Senior Class Debt Representative” that becomes or is required to become a party to the Senior Lien Pari Passu Intercreditor Agreement. 

“Senior Lien Collateral Documents” means all “Security Documents” (or similar documents defined by
a similar term) as defined in any Senior Lien Credit Agreement (including any Senior Lien Guaranty), and all other security agreements, mortgages, deeds of trust and other collateral documents executed and delivered by one or more Senior Lien Credit
Parties in connection with any Senior Lien Credit Agreement (including any intercreditor or joinder agreement among holders of Senior Lien Obligations). For purposes of clarity, any Senior Lien Credit Agreement and any notes or other instruments
issued thereunder shall not constitute a Senior Lien Collateral Document, unless such Senior Lien Credit Agreement or any such note or other instrument purports to create a security interest in any Collateral for the benefit of the Senior Lien
Secured Parties. 
 “Senior Lien Credit Agreement” means each of (a) the Initial Senior Lien Credit
Agreement and (b) any Additional Senior Lien Credit Agreement. 
 “Senior Lien Credit Parties” has the
meaning assigned to that term in the recitals to this Agreement. 
 “Senior Lien Documents” means any
Senior Lien Credit Agreement, any Senior Lien Guaranty, any Senior Lien Collateral Document and all other agreements, instruments, documents and certificates, now or hereafter executed by or on behalf of any Senior Lien Credit Party or any of its
respective Subsidiaries or Affiliates, and delivered to any Senior Lien Agent or any other Senior Lien Secured Party, in connection with any of the foregoing or any Senior Lien Credit Agreement. 

  
 F-1-10 

 “Senior Lien Guarantors” means the collective reference to
(a) Parent, and each Subsidiary of Parent that is party to a Senior Lien Guaranty, other than any Excluded Subsidiary, and (b) any other Person that becomes a guarantor under any Senior Lien Guaranty. 

“Senior Lien Guaranty” has the meaning assigned to that term in the recitals to this Agreement and also
includes any other guaranty made by a Senior Lien Guarantor guaranteeing, inter alia, the payment and performance of any Senior Lien Obligations. 

“Senior Lien Lenders” has the meaning assigned to that term in the introduction to this Agreement, as well as
any Person designated as a “Lender” or “holder” or “investor” (or Person defined by a similar term) under any Senior Lien Credit Agreement. 

“Senior Lien Obligations” means any and all obligations of every nature of each Senior Lien Credit Party from
time to time owed to the Senior Lien Secured Parties, or any of them, under, in connection with, or evidenced or secured by any Senior Lien Document, including all “Obligations” (or obligations defined by reference to a similar term) as
defined in any Senior Lien Credit Agreement, and whether for principal, interest, premium on any Indebtedness (including interest and premiums that, but for the filing of a petition in bankruptcy with respect to such Senior Lien Credit Party, would
have accrued on any Senior Lien Obligation, whether or not a claim is allowed against such Senior Lien Credit Party for such interest or premium in the related bankruptcy proceeding), letter of credit commissions (if applicable), charges, fees,
expenses, attorneys’ fees and disbursements, indemnification or otherwise, and all other amounts owing or due under the terms of any Senior Lien Document. 

“Senior Lien Pari Passu Intercreditor Agreement” means an agreement among the Borrowers, certain subsidiaries
of Parent party thereto, the Initial Senior Lien Agent, any initial additional authorized representative party thereto and each additional authorized representative from time to time party thereto, if any, the form of which is provided as Exhibit F-3 to the Initial Senior Lien Credit Agreement. 
 “Senior Lien
Recovery” shall have the meaning set forth in Section 5.4 hereof. 
 “Senior Lien
Secured Parties” shall have the meaning assigned to that term in the introduction to this Agreement. 

“Senior Representative” means, with respect to any series of Additional Debt, the trustee, administrative
agent, collateral agent, security agent or similar agent under the indenture or agreement pursuant to which such Indebtedness is issued, incurred or otherwise obtained, as the case may be, and each of their successors in such capacities. 

“Series” means, (x) with respect to Indebtedness under any Senior Lien Credit Agreement or Junior Lien
Credit Agreement, all such Indebtedness under such Senior Lien Credit Agreement or Junior Lien Credit Agreement, as the case may be, represented by the same Agent acting in the same capacity and (y) with respect to Senior Lien Obligations or
Junior Lien Obligations, all such obligations secured by same Senior Lien Collateral Documents or same Junior Lien Collateral Documents, as the case may be. 

“Standstill Period” has the meaning assigned to such term in Section 2.3(a) hereof.

  
 F-1-11 

 “Subsidiary” means, as to any Person, a corporation,
partnership, limited liability company or other entity of which shares of stock or other ownership interests having ordinary voting power (other than stock or such other ownership interests having such power only by reason of the happening of a
contingency) to elect a majority of the board of directors or other managers of such corporation, partnership or other entity are at the time owned, or the management of which is otherwise controlled, directly or indirectly, through one or more
intermediaries, or both, by such Person. 
 “Uniform Commercial Code” or “UCC” means the
Uniform Commercial Code as in effect from time to time in the State of New York; provided that if, by reason of mandatory provisions of law, perfection or the effect of perfection or non perfection or the priority of a security interest in
any Collateral or the availability of any remedy hereunder is governed by the Uniform Commercial Code as in effect in a jurisdiction other than New York, “Uniform Commercial Code” means the Uniform Commercial Code as in effect in such
other jurisdiction for purposes of the provisions hereof relating to such perfection or effect of perfection or non perfection or priority or availability of such remedy, as the case may be. 

“United States” means the United States of America. 

Rules of Construction. Unless the context of this Agreement clearly requires otherwise, references to the plural
include the singular, references to the singular include the plural, the term “including” is not limiting and shall be deemed to be followed by the phrase “without limitation,” and the term “or” has, except where
otherwise indicated, the inclusive meaning represented by the phrase “and/or.” The words “hereof,” “herein,” “hereby,” “hereunder” and similar terms in this Agreement refer to this Agreement as a
whole and not to any particular provision of this Agreement. Article, section, subsection, clause and schedule references herein are to this Agreement unless otherwise specified. Any reference in this Agreement to any agreement, instrument or
document shall include all alterations, amendments, changes, restatements, extensions, modifications, renewals, substitutions, joinders and supplements thereto and thereof, as applicable (subject to any restrictions on such alterations, amendments,
changes, restatements, extensions, modifications, renewals, substitutions, joinders and supplements set forth herein). Any reference herein to any Person shall be construed to include such Person’s successors and assigns. Except as otherwise
provided herein, any reference herein to the repayment in full of an obligation means the payment in full in cash of such obligation, or in such other manner as may be approved in writing by the requisite holders or representatives in respect of
such obligation. 
 LIEN PRIORITY 

Priority of Liens. 

Notwithstanding (i) the date, time, method, manner or order of grant, attachment or perfection (including
any defect or deficiency or alleged defect or deficiency in any of the foregoing) of any Liens granted to the Senior Lien Secured Parties in respect of all or any portion of the Collateral or of any Liens granted to the Junior Lien Secured Parties
in respect of all or any portion of the Collateral and regardless of how any such Lien was 

  
 F-1-12 

 
acquired (whether by grant, statute, operation of law, subrogation or otherwise), (ii) the order or time of filing or recordation of any document or instrument for perfecting the Liens in favor
of the Senior Lien Agents or the Junior Lien Agents (or Senior Lien Secured Parties or Junior Lien Secured Parties) in any Collateral, (iii) any provision of the Uniform Commercial Code, Debtor Relief Laws or any other applicable law, or of the
Senior Lien Documents or the Junior Lien Documents (in each case, other than the provisions of this Agreement), (iv) whether any Senior Lien Agent or Junior Lien Agent, in each case, either directly or through agents, holds possession of, or has
control over, all or any part of the Collateral, (v) the date on which the Senior Lien Obligations or the Junior Lien Obligations are advanced or made available to the Credit Parties, (vi) the fact that any such Liens in favor of the
Senior Lien Agents or the other Senior Lien Lenders or the Junior Lien Agents or the other Junior Lien Lenders securing any of the Senior Lien Obligations or Junior Lien Obligations, respectively, are (x) subordinated to any Lien securing any
obligation of any Credit Party other than the Junior Lien Obligations or the Senior Lien Obligations, respectively, or (y) otherwise subordinated, voided, avoided, invalidated or lapsed, or (vii) any other circumstance of any kind or
nature whatsoever, each Senior Lien Agent, on behalf of itself and the Senior Lien Secured Parties represented by it, and each Junior Lien Agent, on behalf of itself and the Junior Lien Secured Parties represented by it, hereby agree that: 

any Lien in respect of all or any portion of the Collateral now or hereafter held by or on behalf of the
Junior Lien Agents or any Junior Lien Secured Party that secures all or any portion of the Junior Lien Obligations shall in all respects be junior and subordinate to all Liens granted to the Senior Lien Agents and the other Senior Lien Secured
Parties in the Collateral to secure all or any portion of the Senior Lien Obligations; and 
 any Lien in
respect of all or any portion of the Collateral now or hereafter held by or on behalf of the Senior Lien Agents or any Senior Lien Secured Party that secures all or any portion of the Senior Lien Obligations shall in all respects be senior and prior
to all Liens granted to the Junior Lien Agents or any Junior Lien Secured Party in the Collateral to secure all or any portion of the Junior Lien Obligations. 

Notwithstanding any failure by any Senior Lien Secured Party to perfect its security interests in the
Collateral or any avoidance, invalidation, priming or subordination by any third party or court of competent jurisdiction of the security interests in the Collateral granted to the Senior Lien Secured Parties, the priority and rights as between the
Senior Lien Secured Parties and the Junior Lien Secured Parties with respect to the Collateral shall be as set forth herein. 

Each Junior Lien Agent, for and on behalf of itself and the Junior Lien Secured Parties represented by it,
acknowledges and agrees that, concurrently herewith, each Senior Lien Agent, for the benefit of itself and the Senior Lien Secured Parties represented by it, has been, or may be, granted Liens upon all of the Collateral in which the Junior Lien
Agents have been granted Liens and each Junior Lien Agent hereby consents thereto. Each Senior Lien Agent, for and on behalf of itself and the Senior Lien 

  
 F-1-13 

 
Secured Parties represented by it, acknowledges and agrees that, concurrently herewith, each Junior Lien Agent, for the benefit of itself and the Junior Lien Secured Parties represented by it,
has been, or may be, granted Liens upon all of the Collateral in which the Senior Lien Agents have been granted Liens and each Senior Lien Agent hereby consents thereto. The subordination of Liens by the Junior Lien Agents in favor of the Senior
Lien Agents as set forth herein shall not be deemed to subordinate the Junior Lien Agents’ Liens to the Liens of any other Person, nor shall such subordination be affected by the subordination of such Liens to any Lien of any other Person. 

Waiver of Right to Contest Liens. 

Each Junior Lien Agent, for and on behalf of itself and the Junior Lien Secured Parties represented by it,
agrees that it and they shall not (and hereby waives any right to) take any action to contest or challenge (or assist or support any other Person in contesting or challenging), directly or indirectly, whether or not in any proceeding (including in
any Insolvency Proceeding), the validity, priority, enforceability or perfection of the Liens of the Senior Lien Agents and the other Senior Lien Secured Parties in respect of the Collateral or the provisions of this Agreement. Each Junior Lien
Agent, for itself and on behalf of the Junior Lien Secured Parties represented by it, agrees that none of the Junior Lien Agents or the other Junior Lien Secured Parties will take any action that would interfere with any Exercise of Secured Creditor
Remedies undertaken by any Senior Lien Agent or any Senior Lien Secured Party under the Senior Lien Documents with respect to the Collateral, other than as expressly permitted by this Agreement. Each Junior Lien Agent, for itself and on behalf of
the Junior Lien Secured Parties represented by it, hereby waives any and all rights it or the Junior Lien Secured Parties may have as a junior lien creditor or otherwise to contest, protest, object to or interfere with the manner in which the Senior
Lien Agent or any Senior Lien Lender seeks to enforce its Liens in any Collateral. The foregoing shall not be construed to prohibit the Junior Lien Agent from enforcing the provisions of this Agreement or any claims it, or any other Junior Lien
Secured Party, may have against the Senior Lien Agent or any other Senior Lien Secured Party that are not the subject matter of this Agreement. 

The Senior Lien Agent, for and on behalf of itself and the Senior Lien Secured Parties, agrees that it and
they shall not (and hereby waives any right to) take any action to contest or challenge (or assist or support any other Person in contesting or challenging), directly or indirectly, whether or not in any proceeding (including in any Insolvency
Proceeding), the validity, priority, enforceability or perfection of the Liens of the Junior Lien Agent or the other Junior Lien Secured Parties in respect of the Collateral or the provisions of this Agreement. The foregoing shall not be construed
to prohibit the Senior Lien Agent or any other Senior Lien Secured Party from enforcing the provisions of this Agreement. 

Remedies Standstill. 

Each Junior Lien Agent, on behalf of itself and the Junior Lien Secured Parties represented by it, agrees
that, from the date hereof until the date upon which the Discharge of Senior Lien Obligations shall have occurred, neither any Junior Lien Agent 

  
 F-1-14 

 
nor any Junior Lien Secured Party will Exercise Any Secured Creditor Remedies with respect to any of the Collateral without the prior written consent of the Designated Senior Lien Agent, and will
not take, receive or accept any Proceeds of Collateral; provided, however, that the Designated Junior Lien Agent may Exercise Any Secured Creditor Remedies after a period of 180 days (which period shall be tolled during any period in which the
Designated Senior Lien Agent is not entitled to Exercise any Secured Creditor Remedies as a result of (A) any injunction issued by a court of competent jurisdiction or (B) the automatic stay or any other stay or prohibition in any
Insolvency Proceeding) has elapsed since the date on which the Designated Junior Lien Agent has delivered to the Designated Senior Lien Agent written notice of the acceleration of the Indebtedness outstanding under the Junior Lien Documents (the
“Standstill Period”); provided further, however, that notwithstanding the expiration of the Standstill Period or anything herein to the contrary, in no event shall any Junior Lien Agent or any other Junior Lien Secured Party Exercise Any
Secured Creditor Remedies, or commence, join with any person in commencing, or petition for or vote in favor of any resolution for, any Exercise of Any Secured Creditor Remedies, if any Senior Lien Agent or any other Senior Lien Secured Party shall
have commenced, and shall be diligently pursuing in good faith the Exercise of Any Secured Creditor Remedies. 

The foregoing shall not be construed to prevent any Junior Lien Agent or any Junior Lien Secured Party from
(i) filing a claim, proof of claim, statement of interest or any similar form with respect to the Junior Lien Obligations owed to it in any Insolvency Proceeding commenced by or against any Credit Party, (ii) taking any action (not adverse
to the priority status of the Liens of the Senior Lien Agents or the other Senior Lien Secured Parties on the Collateral or the rights of the Senior Lien Agents or any of the Senior Lien Secured Parties to Exercise Any Secured Creditor Remedies in
respect thereof) in order to create, perfect, preserve or protect (but not enforce) its Lien on any Collateral, (iii) filing any necessary or responsive pleadings in opposition to any motion, adversary proceeding or other pleading or action
filed by any Person objecting to or otherwise seeking disallowance of the claim or Lien of any Junior Lien Agent or any Junior Lien Secured Party, (iv) exercising rights and remedies as unsecured creditors, as provided in
Section 2.9, (v) inspecting or appraising the Collateral or receiving reports with respect to the Collateral so long as such actions do not interfere in any material respect with the rights of the Senior Lien Secured
Parties hereunder and (vi) subject to Section 2.2 and the second proviso of Section 2.3(a) (and subject, generally, to the Lien Priority provisions and application of proceeds provisions set
forth herein), enforcing any of its rights and exercising any of its remedies with respect to the Collateral after termination of the Standstill Period. Except for the actions set forth in clauses (i) through (vi) of this
Section 2.3(b), unless and until the Discharge of the Senior Lien Obligations, the sole right of the Junior Lien Agent and the other Junior Lien Secured Parties with respect to the Collateral shall be to receive the
Proceeds of the Collateral, if any, remaining after Discharge of Senior Lien Obligations has occurred and in accordance with the Junior Lien Documents and applicable law. 

Exercise of Rights. 

  
 F-1-15 

 No Other Restrictions. Except as expressly set forth
in this Agreement, and subject to the terms of the Senior Lien Pari Passu Intercreditor Agreement each Senior Lien Secured Party shall have the exclusive right to enforce any and all rights and exercise remedies with respect to the Collateral as it
may have as a creditor under applicable law, including the right to the Exercise of Secured Creditor Remedies, in each case without any consultation with or the consent of any Junior Lien Agent or any other Junior Lien Secured Party; provided,
however, that the Exercise of Secured Creditor Remedies with respect to the Collateral shall be subject to the provisions of this Agreement. The Senior Lien Agents may enforce the provisions of the Senior Lien Documents and may Exercise Any Secured
Creditor Remedies, all in such order and in such manner as they may determine in the exercise of their sole discretion, consistent with the terms of this Agreement and mandatory provisions of applicable law, and such enforcement and exercise shall
include the rights of an agent appointed by the Senior Lien Agents to dispose of Collateral upon foreclosure, to incur expenses in connection with any such disposition and to exercise all the rights and remedies of a secured creditor under the
Uniform Commercial Code, any Debtor Relief Law, any relevant Security Document or any other applicable law. Each Junior Lien Agent and each Junior Lien Secured Party agrees that it will not institute any suit or other proceeding or assert in any
suit, Insolvency Proceeding or other proceeding any claim against any Senior Lien Agent or any other Senior Lien Secured Party seeking damages from or other relief by way of specific performance, instructions or otherwise, with respect to any action
taken or omitted to be taken by such Person with respect to the Collateral that is permitted by (or not otherwise prohibited by) the terms of this Agreement, and none of such Persons shall be liable for any such action taken or omitted to be taken.

 Release of Junior Priority Liens. In the event of (i) any private or public sale of all or
any portion of the Collateral in connection with any Exercise of Secured Creditor Remedies by or with the consent of any Senior Lien Agent (other than in connection with a refinancing as described in Section 5.2(c) hereof),
or (ii) any sale, transfer or other disposition of all or any portion of the Collateral (other than in connection with a refinancing as described in Section 5.2(c) hereof), so long as, in the case of this clause (ii),
such sale, transfer or other disposition is then permitted by the Senior Lien Documents (or consented to by the requisite Senior Lien Lenders) and the Junior Lien Documents (or consented to by the requisite Junior Lien Lenders), irrespective of
whether an Event of Default has occurred, each Junior Lien Agent agrees, on behalf of itself and the Junior Lien Secured Parties represented by it that, so long as the Junior Lien Agents, for the benefit of the Junior Lien Secured Parties, shall
retain a Lien on the Proceeds of such sale, transfer or other disposition (to the extent that such proceeds are not applied to the Senior Lien Obligations as provided in Section 4.1(b) hereof), such sale, transfer or other
disposition will be free and clear of the Liens on such Collateral (but not the Proceeds thereof) securing the Junior Lien Obligations, and the Junior Lien Agent and the Junior Lien Secured Parties’ Liens with respect to the Collateral (but not
the Proceeds thereof) so sold, transferred or disposed (and any Junior Lien Guaranty by any Credit Party that, as a result of such sale, transfer or other disposition, is no longer a Subsidiary of the Borrowers) shall terminate and be automatically
released without further action concurrently with, and to the same extent as, the release of the Senior Lien Secured Parties’ Liens on such Collateral (and, as applicable, of the Senior Lien Guaranty

  
 F-1-16 

 
by such Credit Party). In furtherance of, and subject to, the foregoing, each Junior Lien Agent agrees that it will promptly execute any and all Lien releases, debt assignments or transfers or
other comparable documents reasonably requested by the Senior Lien Agents in connection therewith, in each case in customary form. Each Junior Lien Agent hereby appoints the Designated Senior Lien Agent and any officer or duly authorized person of
the Designated Senior Lien Agent, until the date upon which the Discharge of Senior Lien Obligations shall have occurred, with full power of substitution, as its true and lawful
attorney-in-fact with full irrevocable power of attorney in the place and stead of such Junior Lien Agent and in the name of such Junior Lien Agent or in the Designated
Senior Lien Agent’s own name, from time to time, in the Designated Senior Lien Agent’s sole discretion, for the purposes of carrying out the express terms of this paragraph, to take any and all appropriate action and to execute and deliver
any and all documents and instruments as may be necessary or desirable to accomplish the express purposes of this paragraph, including any financing statements, financing change statements, endorsements, assignments, releases, discharges or other
documents or instruments of transfer (which appointment, being coupled with an interest, is irrevocable). 
 No New
Liens. 
 It is the anticipation of the parties that, until the date upon which the Discharge of Senior
Lien Obligations shall have occurred, no Junior Lien Secured Party shall acquire or hold any consensual Lien on any assets securing any Junior Lien Obligation which assets are not also subject to the Lien of the Senior Lien Agents under the Senior
Lien Documents. If any Junior Lien Agent or other Junior Lien Secured Party shall (nonetheless and in breach hereof) acquire or hold any Lien on any assets of any Credit Party securing any Junior Lien Obligation which assets are not also subject to
the Lien of the Senior Lien Agents under the Senior Lien Documents, then such Junior Lien Agent (or the relevant Junior Lien Secured Party) shall, without the need for any further consent of any other Junior Lien Secured Party, the Borrowers, any
Junior Lien Guarantor or any other Person and notwithstanding anything to the contrary in any other Junior Lien Document, be deemed to also hold and have held such Lien as agent or bailee for the benefit of the Senior Lien Agents as security for the
Senior Lien Obligations (subject to the Lien Priority and other terms hereof) and shall promptly notify the Designated Senior Lien Agent in writing of the existence of such Lien upon becoming aware thereof. Without limiting any other right or remedy
available to the Senior Lien Agents or the Senior Lien Secured Parties, each Junior Lien Agent, on behalf of the Junior Lien Secured Parties represented by it, agrees that any amounts received by or distributed to any of them pursuant to or as a
result of Liens granted in contravention of this Section 2.5(a) shall be subject to the turnover provisions in Section 3.6. 

It is the anticipation of the parties that, until the date upon which the Discharge of Senior Lien Obligations
shall have occurred, no Senior Lien Secured Party shall acquire or hold any consensual Lien on any assets securing any Senior Lien Obligation which assets are not also subject to the Lien of the Junior Lien Agents under the Junior Lien Documents
(other than as set forth in Section 2.1(d)). If any Senior Lien Agent or other Senior Lien Secured Party shall (nonetheless and in breach hereof) acquire or hold any Lien on any assets of any Credit Party securing any
Senior Lien Obligation which 

  
 F-1-17 

 
assets are not also subject to the Lien of the Junior Lien Agents under the Junior Lien Documents (other than as set forth in Section 2.1(d)), then such Senior Lien
Agent (or the relevant Senior Lien Secured Party) shall, without the need for any further consent of any other Senior Lien Secured Party, the Borrowers, any Senior Lien Guarantor or any other Person and notwithstanding anything to the contrary in
any other Senior Lien Document, be deemed to also hold and have held such Lien as agent or bailee for the benefit of the Junior Lien Agents as security for the Junior Lien Obligations (subject to the Lien Priority and other terms hereof) and shall
promptly notify the Designated Junior Lien Agent in writing of the existence of such Lien upon becoming aware thereof. 

Similar Liens and Agreements. The parties hereto acknowledge and agree that it is their intention that the Collateral
subject to Liens securing the Senior Lien Obligations and the Collateral subject to Liens securing the Junior Lien Obligations be identical; provided, that this provision will not be violated with respect to any Junior Lien Obligations if the
applicable Junior Lien Agent is given a reasonable opportunity to accept a Lien on any asset or property and such Junior Lien Agent states in writing that the Junior Lien Documents in respect thereof prohibit such Junior Lien Agent from accepting a
Lien on such asset or property or such Junior Lien Agent otherwise expressly declines to accept a Lien on such asset or property (any such prohibited or declined lien a “Declined Junior Lien”). In furtherance of the foregoing, the
parties hereto agree: 
 to cooperate in good faith in order to determine, upon any reasonable request by
any Senior Lien Agent or Junior Lien Agent, the specific assets included in the Collateral subject to Liens securing the Senior Lien Obligations and the Collateral subject to Liens securing the Junior Lien Obligations, the steps taken to perfect the
Liens securing the Senior Lien Obligations thereon and the Liens securing the Junior Lien Obligations thereon and the identity of the respective parties obligated under the Senior Lien Documents and the Junior Lien Documents; and 

that the documents, agreements and instruments creating or evidencing the Collateral subject to the Liens
securing the Junior Lien Obligations (and such Liens) shall be in all material respects in the same form as the documents, agreements and instruments creating or evidencing the Collateral subject to the Liens securing the Senior Lien Obligations
(and such Liens), other than with respect to the senior priority and junior priority nature of the Liens created or evidenced thereunder, the identity of the Secured Parties that are parties thereto or secured thereby and other matters contemplated
by this Agreement, including the existence of any Declined Junior Lien. 
 Waiver of Marshalling. Until the
Discharge of Senior Lien Obligations, each Junior Lien Agent, on behalf of itself and the Junior Lien Secured Parties represented by it, agrees not to assert and hereby waives, to the fullest extent permitted by law, any right to demand, request,
plead or otherwise assert or otherwise claim the benefit of any marshalling, appraisal, valuation or other similar right that may otherwise be available under applicable law with respect to the Collateral or any other similar rights a junior secured
creditor may have under applicable law; provided, however, that the Junior Lien Secured Parties shall have the rights expressly provided by Section 2.3(b)(v). 

  
 F-1-18 

 No Waiver by Senior Lien Secured Parties.Other than with respect to
the actions permitted under clauses (i) through (vi) of Section 2.3(b) hereof, nothing contained herein shall prohibit or in any way limit the Senior Lien Agents or any other Senior Lien Secured Party from opposing,
challenging or objecting to, in any Insolvency Proceeding or otherwise, any action taken, or any claim made, by any Junior Lien Agent or any other Junior Lien Secured Party, including any request by any Junior Lien Agent or any other Junior Lien
Secured Party for adequate protection or any exercise by any Junior Lien Agent or any other Junior Lien Secured Party of any of its rights and remedies under the Junior Lien Documents or otherwise. 

Rights as Unsecured Creditors. The Junior Lien Agents and the other Junior Lien Secured Parties may, in accordance
with the terms of the Junior Lien Documents and applicable law, enforce rights and exercise remedies against the Borrowers and any Junior Lien Guarantor as unsecured creditors (other than initiating or joining in any involuntary case or proceeding
under any Insolvency Proceeding with respect to any Credit Party or Exercising any Secured Creditor Remedies); provided that (i) no such action is prohibited or otherwise inconsistent with the terms of this Agreement and (ii) any
judgment Lien obtained by any Junior Lien Secured Party as a result of any such enforcement or exercise of rights shall be subject to the terms of this Agreement for all purposes (including in relation to the Liens of the Senior Lien Secured
Parties) as the other Liens of the Junior Lien Secured Parties. Nothing in this Agreement shall prohibit the receipt by any Junior Lien Agent or any other Junior Lien Secured Party of the required payments of principal, premium, interest, fees and
other amounts due under the Junior Lien Documents so long as such receipt is not (a) a distribution or recovery in any Insolvency Proceeding in contravention of this Agreement or (b) the direct or indirect result of the enforcement or
exercise by any Junior Lien Agent or any other Junior Lien Secured Party of rights or remedies as a secured creditor (including any right of setoff or other Exercise of Any Secured Creditor Remedies) or enforcement in contravention of this Agreement
of any Lien securing the Junior Lien Obligations (including any judgment lien resulting from the exercise of remedies available to an unsecured creditor, to the extent such judgment lien applies to Collateral). 

ACTIONS OF THE PARTIES 

Reserved. 

Agent for Perfection. Each Senior Lien Agent, for and on behalf of itself and each Senior Lien Secured Party
represented by it, agrees to hold all Collateral in its possession, custody or control (including as defined in Sections 9-104, 9-105,
9-106, 9-107 and 8-106 of the UCC) (or in the possession, custody or control of its agents or bailees) as gratuitous bailee for
the Junior Lien Agents solely for the purpose of perfecting or maintaining the perfection of the security interest granted to the Junior Lien Agents in such Collateral, subject to the terms and conditions of this
Section 3.2. None of the Senior Lien Agents or the other Senior Lien Secured Parties shall have any obligation whatsoever to the Junior Lien Agents or the other Junior Lien Secured Parties to assure that the Collateral is
genuine or owned by the Borrowers, any Guarantor or any other Person or to preserve rights or benefits of any Person. The duties or responsibilities of the Senior Lien Agents under this Section 3.2 are and shall be limited
solely to holding or maintaining control of the Control Collateral as gratuitous bailee for the Junior Lien 

  
 F-1-19 

 
Agents for purposes of perfecting the Lien held by the Junior Lien Agents. So long as the Discharge of Senior Lien Obligations has not occurred, the Senior Lien Agents shall be entitled to deal
with the Control Collateral in accordance with the terms of this Agreement and the other Senior Lien Documents as if the Liens in favor of the Junior Lien Secured Parties did not exist. The Senior Lien Agents are not and shall not be deemed to be a
fiduciary of any kind for the Junior Lien Secured Parties or any other Person. In addition, each Junior Lien Agent, on behalf of the Junior Lien Secured Parties represented by it, hereby agrees and acknowledges that other than with respect to
Collateral that may be perfected through the filing of a UCC financing statement or other applicable public filing, the Senior Lien Agents’ Liens may be perfected on certain items of Collateral with respect to which the Junior Lien Agent’s
Liens would not be perfected but for the provisions of this Section 3.2, and each Junior Lien Agent, on behalf of the Junior Lien Secured Parties represented by it, hereby further agrees that the foregoing described in this
sentence shall not be deemed a breach of this Agreement. 
 Sharing of Information and Access. In the event that any
Junior Lien Agent shall, in the exercise of its rights under any of the Junior Lien Collateral Documents or otherwise, receive possession or control of any books and records of any Senior Lien Credit Party which contain information identifying or
pertaining to any of the Collateral, such Junior Lien Agent shall, upon request from any Senior Lien Agent and as promptly as practicable thereafter (at the sole expense of the Credit Parties), either make available to the Designated Senior Lien
Agent such books and records for inspection and duplication or provide the Designated Senior Lien Agent copies thereof. 

Insurance and Condemnation Awards. Proceeds of Collateral include insurance proceeds and condemnation awards and,
therefore, the Lien Priority shall govern the ultimate disposition of casualty insurance proceeds and condemnation awards. The Designated Senior Lien Agent and the Designated Junior Lien Agent shall each be named as additional insured or loss payee,
as applicable, with respect to all insurance policies relating to the Collateral as set forth in any Senior Lien Credit Agreement or any Junior Lien Credit Agreement, as applicable. The Designated Senior Lien Agent shall have the sole and exclusive
right, as against the Junior Lien Agents, to adjust settlement of insurance claims in the event of any covered loss, theft or destruction of Collateral and to approve any award granted in any condemnation or similar proceeding, or any deed in lieu
of condemnation, in respect of Collateral. All proceeds of such insurance and any such award, or any payments with respect to a deed in lieu of condemnation, shall be remitted to the Designated Senior Lien Agent, and each of the Senior Lien Agents
and Junior Lien Agents shall cooperate (if necessary) in a reasonable manner in effecting the payment of insurance proceeds or any such awards or payments in accordance with Section 4.1 hereof. 

No Additional Rights For the Credit Parties Hereunder. If any Senior Lien Secured Party or Junior Lien Secured Party
shall enforce its rights or remedies in violation of the terms of this Agreement, the Credit Parties shall not be entitled to use such violation as a defense to any action by any Senior Lien Secured Party or Junior Lien Secured Party, nor to assert
such violation as a counterclaim or basis for set off or recoupment against any Senior Lien Secured Party or Junior Lien Secured Party. 

  
 F-1-20 

 Payments Over. So long as the Discharge of Senior Lien Obligations
has not occurred, any Collateral or Proceeds thereof or payment with respect thereto received by any Junior Lien Agent or any Junior Lien Secured Parties in connection with the exercise of any right or remedy (including set off) relating to the
Collateral or otherwise, or in connection with any insurance policy claim or any condemnation award (or deed in lieu of condemnation), other than Reorganization Securities, in contravention of this Agreement or otherwise in a manner which is not
consistent with the Lien Priority shall be segregated and held in trust and forthwith paid over to the Designated Senior Lien Agent for the benefit of the Senior Lien Secured Parties in the same form as received, with any necessary endorsements or
as a court of competent jurisdiction may otherwise direct. Until the Discharge of Senior Lien Obligations occurs, each Junior Lien Agent, for itself and on behalf of each other Junior Lien Secured Party, hereby appoints the Senior Lien Agent, and
any officer or duly authorized person of the Designated Senior Lien Agent, with full power of substitution, as the true and lawful attorney-in-fact with full irrevocable
power of attorney in the place and stead of each Junior Lien Secured Party in the name of such Designated Junior Lien Agent or in the Designated Senior Lien Agent’s own name, from time to time, in the Designated Senior Lien Agent’s sole
discretion, for the purpose of carrying out the provisions of this Section 3.6 and taking any and all appropriate action and executing and delivering any and all documents and instruments that the Designated Senior Lien
Agent may deem necessary or advisable to accomplish the purposes of this Section 3.6 (which appointment, being coupled with an interest, is irrevocable). 

APPLICATION OF PROCEEDS 

Application of Proceeds. 

Nature of Certain Senior Lien Obligations. Each Junior Lien Agent, for and on behalf of itself and the
Junior Lien Secured Parties, expressly acknowledges and agrees that (i) any Senior Lien Credit Agreement may include a revolving commitment, that the applicable Senior Lien Agent and the other applicable Senior Lien Lenders will apply payments
and make advances thereunder; and that no application of any Collateral or the release of any Lien by any Senior Lien Agent upon any portion of the Collateral in connection with a permitted disposition by the Senior Lien Credit Parties under any
Senior Lien Credit Agreement shall constitute the Exercise of Secured Creditor Remedies under this Agreement; (ii) the amount of the Senior Lien Obligations that may be outstanding at any time or from time to time may be increased or reduced
and subsequently reborrowed, and that the terms of the Senior Lien Obligations may be modified, extended or amended from time to time to the extent permitted hereunder, and that the aggregate amount of the Senior Lien Obligations may be increased or
refinanced to the extent permitted hereunder, in each event, without notice to or consent by the Junior Lien Secured Parties and without affecting the provisions hereof; and (iii) all Collateral received by any Senior Lien Agent may be applied,
reversed, reapplied, credited or reborrowed, in whole or in part, to the Senior Lien Obligations at any time; provided, however, that from and after the date on which any Senior Lien Agent (or any Senior Lien Secured Party) commences the
Exercise of Any Secured Creditor Remedies, all amounts received by any Senior Lien Agent or any Senior Lien Lender shall be applied as specified in this Section 4.1. The Lien Priority shall not be altered or

  
 F-1-21 

 
otherwise affected by any such amendment, modification, supplement, extension, repayment, reborrowing, increase, renewal, restatement or refinancing of the Senior Lien Obligations or any portion
thereof. 
 Application of Proceeds of Collateral. Each Senior Lien Agent and Junior Lien Agent
hereby agree that, so long as the Discharge of Senior Lien Obligations has not occurred, all Collateral and all Proceeds thereof received by the Senior Lien Agents (or any other Senior Lien Secured Party) or the Junior Lien Agents (or any other
Junior Lien Secured Party) in connection with any Exercise of Secured Creditor Remedies shall be applied, first, to the payment of reasonable and documented
out-of-pocket costs and expenses of the Senior Lien Agents in connection with such Exercise of Secured Creditor Remedies, and second, to the payment of the Senior
Lien Obligations in accordance with the Senior Lien Documents until the Discharge of Senior Lien Obligations has occurred. All Collateral and all Proceeds received by any Senior Lien Agent after the Discharge of Senior Lien Obligations has occurred
shall be forthwith paid over, in kind or funds and currency received, to the Designated Junior Lien Agent for application to the payment of the Junior Lien Obligations in accordance with the Junior Lien Documents. 

Limited Obligation or Liability. In exercising remedies, whether as a secured creditor or otherwise,
the Senior Lien Agents shall have no obligation or liability to the Junior Lien Agents or to any Junior Lien Secured Party regarding the adequacy of any Proceeds or for any action or omission, except solely for an action or omission that breaches
the express obligations undertaken by the Senior Lien Agents under the terms of this Agreement. 

Turnover of Collateral After Discharge. Upon the Discharge of Senior Lien Obligations, the Designated
Senior Lien Agent shall deliver to the Designated Junior Lien Agent or shall execute such documents as the Designated Junior Lien Agent may reasonably request to enable the Designated Junior Lien Agent to have control over any Control Collateral
still in any Designated Senior Lien Agent’s possession, custody or control in the same form as received with any necessary endorsements, or as a court of competent jurisdiction may otherwise direct. 

Specific Performance. Each Senior Lien Agent and Junior Lien Agent is hereby authorized to demand specific performance
of this Agreement, whether or not the Borrowers or any Guarantor shall have complied with any of the provisions of any of the Credit Documents, at any time when the other Party shall have failed to comply with any of the provisions of this Agreement
applicable to it. Each of the Senior Lien Agents, for and on behalf of itself and the Senior Lien Secured Parties represented by it, and each Junior Lien Agent, for and on behalf of itself and the Junior Lien Secured Parties represented by it,
hereby irrevocably waives any defense based on the adequacy of a remedy at law that might be asserted as a bar to such remedy of specific performance. 

Certain Agreements with Respect to Unenforceable Liens. Notwithstanding anything to the contrary contained herein, if
in any Insolvency Proceeding or other proceeding a determination is made that any Lien encumbering any Collateral is not enforceable for any reason, then the Junior Lien Agents and the other Junior Lien Secured Parties agree that any

  
 F-1-22 

 
distribution or recovery they may receive with respect to, or allocable to, the value of the assets intended to constitute such Collateral or any proceeds thereof (other than Reorganization
Securities) shall (for so long as the Discharge of Senior Lien Obligations has not occurred) be segregated and held in trust and forthwith paid over to the Designated Senior Lien Agent for the benefit of the Senior Lien Secured Parties in the same
form as received without recourse, representation or warranty (other than a representation of the Junior Lien Agent that it has not otherwise sold, assigned, transferred or pledged any right, title or interest in and to such distribution or
recovery) but with any necessary endorsements or as a court of competent jurisdiction may otherwise direct until such time as the Discharge of Senior Lien Obligations has occurred. Until the Discharge of Senior Lien Obligations occurs, each Junior
Lien Agent, for itself and on behalf of each other Junior Lien Secured Party represented by it, hereby appoints the Designated Senior Lien Agent, and any officer or agent of the Designated Senior Lien Agent, with full power of substitution, the attorney-in-fact of each Junior Lien Secured Party for the limited purpose of carrying out the provisions of this Section 4.3 and taking any action
and executing any instrument that the Designated Senior Lien Agent may deem necessary or advisable to accomplish the purposes of this Section 4.3, which appointment is irrevocable and coupled with an interest. 

INTERCREDITOR ACKNOWLEDGEMENTS AND WAIVERS 

Notice of Acceptance and Other Waivers. 

All Senior Lien Obligations at any time made or incurred by the Borrowers or any Guarantor shall be deemed to
have been made or incurred in reliance upon this Agreement, and each Junior Lien Agent, on behalf of itself and the Junior Lien Secured Parties represented by it, hereby waives notice of acceptance, or proof of reliance, by the Senior Lien Agents or
any Senior Lien Secured Party of this Agreement, and notice of the existence, increase, renewal, extension, accrual, creation or non-payment of all or any part of the Senior Lien Obligations. All Junior Lien
Obligations at any time made or incurred by the Borrowers or any Guarantor shall be deemed to have been made or incurred in reliance upon this Agreement, and each Senior Lien Agent, on behalf of itself and the Senior Lien Secured Parties represented
by it, hereby waives notice of acceptance, or proof of reliance, by the Junior Lien Agent or any Junior Lien Secured Party of this Agreement, and notice of the existence, increase, renewal, extension, accrual, creation or non-payment of all or any part of the Junior Lien Obligations. 
 None of
the Senior Lien Agents, any Senior Lien Secured Party or any of their respective Affiliates, directors, officers, employees or agents shall be liable for failure to demand, collect or realize upon any of the Collateral or any Proceeds, or for any
delay in doing so, or shall be under any obligation to sell or otherwise dispose of any Collateral or Proceeds thereof or to take any other action whatsoever with regard to the Collateral or any part or Proceeds thereof, except as specifically
provided in this Agreement. If any Senior Lien Agent or any Senior Lien Secured Party honors (or fails to honor) a request by the Borrowers for an extension of credit pursuant to any Senior Lien Credit Agreement or any of the other Senior Lien
Documents, whether such Senior Lien Agent or Senior Lien Secured Party has knowledge that the honoring of (or failure to honor) any 

  
 F-1-23 

 
such request would constitute a default under the terms of any Junior Lien Credit Agreement or any other Junior Lien Document or an act, condition or event that, with the giving of notice or the
passage of time, or both, would constitute such a default, or if such Senior Lien Agent or Senior Lien Secured Party otherwise should exercise any of its contractual rights or remedies under any Senior Lien Documents (subject to the express terms
and conditions hereof), neither the Senior Lien Agents nor any Senior Lien Secured Party shall have any liability whatsoever to any Junior Lien Agent or any Junior Lien Secured Party as a result of such action, omission or exercise (so long as any
such exercise does not breach the express terms and provisions of this Agreement). The Senior Lien Agents and the other Senior Lien Secured Parties shall be entitled to manage and supervise their loans and extensions of credit under any Senior Lien
Credit Agreement and any of the other Senior Lien Documents as they may, in their sole discretion, deem appropriate, and may manage their loans and extensions of credit without regard to any rights or interests that the Junior Lien Agents or any of
the Junior Lien Secured Parties have in the Collateral, except as otherwise expressly set forth in this Agreement. Each Junior Lien Agent, on behalf of itself and the Junior Lien Secured Parties represented by it, agrees that neither the Senior Lien
Agents nor any Senior Lien Secured Party shall incur any liability as a result of a sale, lease, license, application or other disposition of all or any portion of the Collateral or Proceeds thereof, pursuant to the Senior Lien Documents, so long as
such disposition is conducted in accordance with mandatory provisions of applicable law and does not breach the provisions of this Agreement. 

If any Junior Lien Agent or any Junior Lien Secured Party honors (or fails to honor) a request by the
Borrowers for an extension of credit pursuant to any Junior Lien Credit Agreement or any of the other Junior Lien Documents, whether such Junior Lien Agent or Junior Lien Secured Party has knowledge that the honoring of (or failure to honor) any
such request would constitute a default under the terms of any Senior Lien Credit Agreement or any other Senior Lien Document or an act, condition, or event that, with the giving of notice or the passage of time, or both, would constitute such a
default, or if such Junior Lien Agent or Junior Lien Secured Party otherwise should exercise any of its contractual rights or remedies under the Junior Lien Documents (subject to the express terms and conditions hereof), neither the Junior Lien
Agents nor any Junior Lien Secured Party shall have any liability whatsoever to the Senior Lien Agents or any Senior Lien Secured Party as a result of such action, omission or exercise (so long as any such exercise does not breach the express terms
and provisions of this Agreement). Each Junior Lien Agent and the other Junior Lien Secured Parties shall be entitled to manage and supervise their loans and extensions of credit under the Junior Lien Documents as they may, in their sole discretion,
deem appropriate, and may manage their loans and extensions of credit without regard to any rights or interests that the Senior Lien Agents or any Senior Lien Secured Party has in the Collateral, except as otherwise expressly set forth in this
Agreement. 
 Modifications to Senior Lien Documents and Junior Lien Documents. 

Each Junior Lien Agent, on behalf of itself and the Junior Lien Secured Parties, hereby agrees that, without
affecting the obligations of the Junior Lien Agents and the 

  
 F-1-24 

 
other Junior Lien Secured Parties hereunder, the Senior Lien Agents and the other Senior Lien Secured Parties may, at any time and from time to time but subject to
Section 5.2(c) hereof, in their sole discretion without the consent of or notice to the Junior Lien Agents or any Junior Lien Secured Party (except to the extent such notice or consent is required pursuant to the express
provisions of this Section 5.2), and without incurring any liability to the Junior Lien Agents or any Junior Lien Secured Party or impairing or releasing the subordination provided for herein, amend, restate, supplement,
refinance, extend, consolidate, restructure or otherwise modify any of the Senior Lien Documents in any manner whatsoever; provided that, without the consent of the Required Lenders (or other required percentage of lenders defined by
reference to any similar term) (as defined in any Junior Lien Credit Agreement), no such amendment, restatement, supplement, refinancing, extension, consolidation, restructuring or other modification (or successive amendments, restatements,
supplements, refinancings, extensions, consolidations, restructurings or other modifications) shall contravene any provision of this Agreement. 

Each Senior Lien Agent, on behalf of itself and the Senior Lien Secured Parties, hereby agrees that, without
affecting the obligations of the Senior Lien Agents and the other Senior Lien Secured Parties hereunder, the Junior Lien Agents and the other Junior Lien Secured Parties may, at any time and from time to time but subject to
Section 5.2(c) hereof, in their sole discretion without the consent of or notice to the Senior Lien Agents or any Senior Lien Secured Party (except to the extent such consent is required pursuant to the express provisions
of this Section 5.2), and without incurring any liability to the Senior Lien Agents or any Senior Lien Secured Party or impairing or releasing the subordination provided for herein, amend, restate, supplement, refinance,
extend, consolidate, restructure or otherwise modify any of the Junior Lien Documents in any manner whatsoever; provided that, without the prior written consent of the Required Lenders (or other required percentage of lenders defined by
reference to any similar term) (as defined in any Senior Lien Credit Agreement), no such amendment, restatement, supplement, refinancing, extension, consolidation, restructuring or other modification (or successive amendments, restatements,
supplements, refinancings, extensions, consolidations, restructurings or other modifications) shall (i) contravene the provisions of this Agreement, (ii) increase the all-in interest rate (including
original issue discount and interest rate floors, but excluding fluctuations in the underlying rate indices, customary non-recurrent market-based fees (including any customary and market amendment, consent or
waiver fees, and underwriting or arrangement fees) and the imposition of a default rate of 2.00% per annum) applicable to the Junior Lien Obligations by more than 3.00% per annum above the rates as are in effect on the date hereof, (iii) change
to earlier dates any scheduled dates for payment of principal or of interest on Indebtedness under the Junior Lien Documents, (iv) change any negative covenant, default or event of default provisions set forth in the Junior Lien Documents to be
more restrictive than the negative covenants, defaults and events of default with respect to the Senior Lien Obligations or add any financial covenant, (v) change the mandatory redemption or prepayment provisions set forth in the Junior Lien
Documents in a manner that would require the applicable Junior Lien Obligations to be mandatorily redeemed or prepaid prior to the date(s), if any, set forth in the applicable Junior Lien Document as in effect as of the date hereof (and, if there
are no such dates, prior to the final maturity date with respect to the Junior Lien Obligations set forth therein), other 

  
 F-1-25 

 
than (w) upon the occurrence of an asset sale or other disposition or casualty event (subject to (1) reinvestment rights that are in the aggregate no less favorable to the Borrowers
than those under the Junior Lien Documents as in effect on the date hereof and (2) the application of the net cash proceeds thereof to the prior prepayment of, or offer to prepay, any applicable Senior Lien Obligations then outstanding), (x)
upon the occurrence of a change of control event, (y) customary acceleration rights following an event of default (subject to the limitations in clause (iv) of this paragraph) and (z) upon the incurrence of Indebtedness that is not
permitted thereunder (subject to the application of the net cash proceeds thereof to the prior prepayment of, or offer to prepay, any applicable Senior Lien Obligations then outstanding) or (vi) add to the Collateral (or similar term as defined
in the Junior Lien Documents) other than as specifically provided by this Agreement. 
 Subject to the
express limitations set forth in Sections 5.2(a) and 5.2(b), the Senior Lien Obligations and the Junior Lien Obligations may be refinanced, in whole or in part, from time to time, in each case, without notice to, or the consent (except
to the extent a consent is required to permit such refinancing transaction under any Senior Lien Document or any Junior Lien Document) of the Senior Lien Agents, the Senior Lien Secured Parties, the Junior Lien Agents or the other Junior Lien
Secured Parties, as the case may be, all without affecting the Lien Priority provided for herein or the other provisions hereof; provided, however, that the holders of any class or series of such refinancing Indebtedness (or an
authorized agent or trustee on their behalf) bind themselves in writing to the terms of this Agreement pursuant to such documents or agreements (including amendments or supplements to this Agreement) as the Designated Senior Lien Agent or the
Designated Junior Lien Agent, as the case may be, shall reasonably request and in form and substance reasonably acceptable to the Designated Senior Lien Agent or the Designated Junior Lien Agent, as the case may be, and any such refinancing
transaction shall be in accordance with any applicable provisions of both the Senior Lien Documents and the Junior Lien Documents (to the extent such documents survive the refinancing). 

In the event that any Senior Lien Agent or the other Senior Lien Secured Parties and the relevant Credit Party
enter into any amendment, modification, waiver or consent in respect of any of the Senior Lien Collateral Documents (other than this Agreement), then such amendment, modification, waiver or consent shall apply automatically to any comparable
provisions of the applicable Comparable Junior Lien Collateral Document, in each case, without the consent of any Junior Lien Secured Party and without any action by the Junior Lien Agents, the Borrowers or any other Credit Party; provided
that (i) no such amendment, modification, waiver or consent shall (A) remove assets subject to the Liens securing the Junior Lien Obligations or release any such Liens, except to the extent that such release is permitted or required by
Section 2.4(b) hereof and provided that there is a concurrent release of the corresponding Liens securing the Senior Lien Obligations, (B) amend, modify or otherwise affect the rights or duties of any Junior Lien Agent
without its prior written consent or (C) permit Liens on the Collateral (other than Liens securing any DIP Financing) which are not permitted under the terms of the Junior Lien Documents and (ii) notice of such amendment, modification,
waiver or consent shall have been given to the Junior Lien Agents no later than the tenth Business Day following the 

  
 F-1-26 

 
effective date of such amendment, modification, waiver or consent (but failure to deliver such notice shall not affect the validity of such amendment, modification or waiver). 

Each of the Borrowers and the Junior Lien Agents agrees that any Junior Lien Credit Agreement and each Junior
Lien Collateral Document shall contain the applicable provisions set forth on Annex I hereto, or similar provisions approved by the Designated Senior Lien Agent, which approval shall not be unreasonably withheld or delayed. Each of the
Borrowers and the Junior Lien Agents further agrees that each Junior Lien Collateral Document covering any Collateral that is comprised of Real Property shall contain such other language as the Designated Senior Lien Agent may reasonably request to
reflect the subordination of such Junior Lien Collateral Document to the Senior Lien Collateral Document covering such Collateral pursuant to this Agreement. 

Effect of Refinancing of Indebtedness under Senior Lien Documents. If the Borrowers refinances, in whole or in part,
any Indebtedness outstanding under any of the Senior Lien Documents and provided that (a) such refinancing is permitted hereby and (b) the Borrowers give to the Designated Junior Lien Agent written notice electing the application of the
provisions of this Section 5.3 to such refinancing Indebtedness, then (i) the Discharge of Senior Lien Obligations shall automatically be deemed not to have occurred for all purposes of this Agreement notwithstanding
anything to the contrary herein, (ii) such refinancing Indebtedness and all other obligations under the loan documents evidencing such Indebtedness (the “New Senior Lien Obligations”) shall automatically be treated as Senior
Lien Obligations for all purposes of this Agreement, including for purposes of the Lien Priority and rights in respect of Collateral set forth herein, (iii) the credit agreement, indenture or other agreement and the security documents and the
other related financing documents evidencing such refinancing Indebtedness (the “New Senior Lien Loan Documents”) shall automatically be treated as a Senior Lien Credit Agreement and the Senior Lien Documents and, in the case of New
Senior Lien Loan Documents that are security documents, as Senior Lien Collateral Documents for all purposes of this Agreement, (iv) the collateral agent under the New Senior Lien Loan Documents (the “New Senior Lien Agent”)
shall be deemed to be a Senior Lien Agent for all purposes of this Agreement and (v) the lenders under the New Senior Lien Loan Documents shall be deemed to be Senior Lien Secured Parties for all purposes of this Agreement. Upon receipt of the
New Senior Lien Loan Documents, the Junior Lien Agents shall promptly enter into such documents and agreements (including amendments or supplements to this Agreement) as are reasonably necessary to provide to the New Senior Lien Agent the rights and
powers expressly contemplated hereby, in each case consistent in all material respects with the terms of this Agreement. The Borrowers shall cause the agreement, document or instrument pursuant to which the New Senior Lien Agent is appointed to
provide that the New Senior Lien Agent agrees to be bound by the terms of this Agreement. In furtherance of Section 2.5 hereof (but subject to Section 2.1(d)), if the New Senior Lien Obligations are secured by assets
of the Credit Parties that do not also secure the Junior Lien Obligations, the applicable Credit Parties shall promptly grant a valid and perfected Lien on such assets to secure the Junior Lien Obligations (subject to the Lien Priority). 

Reinstatement and Continuation of Agreement. If any Senior Lien Agent or any Senior Lien Secured Party is required in
any Insolvency Proceeding or other applicable proceeding or otherwise to turn over or otherwise pay to the estate of the Borrowers, any 

  
 F-1-27 

 
Guarantor or any other Person any payment made in satisfaction of all or any portion of the Senior Lien Obligations (a “Senior Lien Recovery”), then the Senior Lien Obligations
shall be reinstated to the extent of such Senior Lien Recovery. If this Agreement shall have been terminated prior to such Senior Lien Recovery, this Agreement shall be reinstated in full force and effect in the event of such Senior Lien Recovery,
and such prior termination shall not diminish, release, discharge, impair or otherwise affect the obligations of the Parties from such date of reinstatement. All rights, interests, agreements and obligations of the Senior Lien Agents, the Junior
Lien Agents, the Senior Lien Secured Parties and the Junior Lien Secured Parties under this Agreement shall remain in full force and effect and shall continue irrespective of the commencement of, or any discharge, confirmation, conversion or
dismissal of, any Insolvency Proceeding by or against either or the Borrowers or any Guarantor or any other circumstance which otherwise might constitute a defense available to, or a discharge of, either or the Borrowers or any Guarantor in respect
of the Senior Lien Obligations or the Junior Lien Obligations. No priority or right of the Senior Lien Agents or any Senior Lien Secured Party shall at any time be prejudiced or impaired in any way by any act or failure to act on the part of either
or the Borrowers or any Guarantor or by the noncompliance by any Person with the terms, provisions or covenants of any of the Senior Lien Documents, regardless of any knowledge thereof which the Senior Lien Agents or any Senior Lien Secured Party
may have. 
 INSOLVENCY PROCEEDINGS 

DIP Financing. 

If the Borrowers or any Guarantor shall be subject to any Insolvency Proceeding at any time prior to the
Discharge of Senior Lien Obligations, and the Designated Senior Lien Agent or the other Senior Lien Secured Parties represented by it shall seek to provide the Borrowers or any Guarantor with, or consent to a third party providing, any financing
under Section 364 of the Bankruptcy Code or consent to any order for the use of cash collateral constituting Collateral under Section 363 of the Bankruptcy Code or any similar provision of any other Debtor Relief Laws (each, a “DIP
Financing”), with such DIP Financing to be secured by all or any portion of the Collateral (including assets that, but for the application of Section 552 of the Bankruptcy Code (or any similar provision of any foreign Debtor Relief
Laws, including section 50.6 of the BIA), would be Collateral), then each Junior Lien Agent, on behalf of itself and the Junior Lien Secured Parties, agrees that it will (a) raise no objection and will not support any objection to such DIP
Financing or use of cash collateral or to the Liens securing the same on the grounds of a failure to provide “adequate protection” for the Liens of the Junior Lien Agents securing the Junior Lien Obligations or on any other grounds (and
will not request any adequate protection solely as a result of such DIP Financing or use of cash collateral that is Collateral except as permitted by Section 6.3(b)(i) hereof), and (b) to the extent the Liens securing
the Senior Lien Obligations are subordinated to or pari passu with such DIP Financing, each Junior Lien Agent will subordinate its Liens in the Collateral to the Liens securing such DIP Financing so long as (i) such Junior Lien Agent retains
its Lien on the Collateral to secure the Junior Lien Obligations (in each case, including Proceeds thereof arising after the commencement of the case under any Debtor Relief Laws) and (ii) all Liens on Collateral securing any such DIP Financing
shall be 

  
 F-1-28 

 
senior to or on a parity with the Liens of the Senior Lien Agents and the other Senior Lien Secured Parties securing the Senior Lien Obligations on Collateral. 

All Liens granted to any Senior Lien Agent or Junior Lien Agent in any Insolvency Proceeding, whether as
adequate protection or otherwise, are intended by the Parties to be and shall be deemed to be subject to the Lien Priority and the other terms and conditions of this Agreement. 

Relief From Stay. Until the Discharge of Senior Lien Obligations has occurred, each Junior Lien Agent, on behalf of
itself and the Junior Lien Secured Parties represented by it, agrees not to seek relief from or modification of the automatic stay or any other stay in any Insolvency Proceeding in respect of any portion of the Collateral, any Proceeds thereof or
any Lien in respect of the Junior Lien Obligations, in each case without the Designated Senior Lien Agent’s express prior written consent. 

No Contest; Adequate Protection. 

Each Junior Lien Agent, on behalf of itself and the Junior Lien Secured Parties represented by it, agrees
that, prior to the Discharge of Senior Lien Obligations, none of them shall seek or accept any form of adequate protection under any or all of Section 361, 362, 363 or 364 of the Bankruptcy Code with respect to the Collateral, except as set
forth in this Section 6.3 or as may otherwise be consented to in writing by the Designated Senior Lien Agent in its sole and absolute discretion. Each Junior Lien Agent, on behalf of itself and the Junior Lien Secured
Parties represented by it, agrees that, prior to the Discharge of Senior Lien Obligations, none of them shall contest (or support any other Person contesting) (i) any request by any Senior Lien Agent or any Senior Lien Secured Party for
adequate protection of its interest in the Collateral, (ii) any proposed provision of DIP Financing by any Senior Lien Agent or the other Senior Lien Secured Parties (or any other Person proposing to provide DIP Financing with the consent of
the Designated Senior Lien Agent) (unless in contravention of Section 6.1(a) hereof) or (iii) any objection by any Senior Lien Agent or any Senior Lien Secured Party to any motion, relief, action or proceeding based on
a claim by any Senior Lien Agent or any Senior Lien Secured Party that its interests in the Collateral are not adequately protected (or any other similar request under any law applicable to an Insolvency Proceeding), so long as any Liens granted to
the Senior Lien Agents as adequate protection of its interests are subject to this Agreement. 

Notwithstanding the foregoing provisions in this Section 6.3, in any Insolvency
Proceeding: 
 if the Senior Lien Secured Parties (or any subset thereof) are granted adequate protection
with respect to the Collateral in the form of additional collateral (even if such collateral is not of a type that would otherwise have constituted Collateral), then each Senior Lien Agent, on behalf of itself and the Senior Lien Secured Parties
represented by it, agrees that the Junior Lien Agents, on behalf of itself or any of the Junior Lien Secured Parties, may seek or request adequate protection with respect to its interests in such Collateral in the form of a

  
 F-1-29 

 
Lien on the same additional collateral, which Lien will be subordinated to the Liens securing the Senior Lien Obligations on the same basis as the Liens of the Junior Lien Agents on the
Collateral; and 
 in the event any Junior Lien Agent, on behalf of itself or any of the Junior Lien
Secured Parties, is granted adequate protection in respect of the Collateral in the form of additional collateral, then any Junior Lien Agent, on behalf of itself and any of the Junior Lien Secured Parties represented by it, agrees that the Senior
Lien Agents, on behalf of itself or any of the Senior Lien Secured Parties, shall be granted adequate protection with respect to its interests in such Collateral in the form of a Lien on the same additional collateral, which Lien will be senior to
the Liens securing the Junior Lien Obligations on the same basis as the Liens of the Senior Lien Agents on the Collateral. 

Except as otherwise expressly set forth in Section 6.1 hereof, nothing herein shall
limit the rights of the Senior Lien Agents or the other Senior Lien Secured Parties from seeking adequate protection with respect to their rights in the Collateral in any Insolvency Proceeding (including adequate protection in the form of a cash
payment, periodic cash payments or otherwise). 
 Notwithstanding the foregoing, the applicable provisions
of Sections 6.1 and 6.3(a) shall only be binding on the Junior Lien Secured Parties with respect to any DIP Financing to the extent the aggregate principal amount of such DIP Financing does not exceed the sum of (i) the aggregate principal
amount of the pre-petition Senior Lien Obligations (plus, without duplication, the amount of any unused commitments and the face amount of any outstanding letters of credit under any Senior Lien Credit
Agreement immediately prior to the commencement of the applicable Insolvency Proceeding), and (ii) 20.0% of the amounts set forth in clauses (i). 

Asset Sales. Each Junior Lien Agent agrees, on behalf of itself and the Junior Lien Secured Parties, that it will not
oppose any sale consented to by the Senior Lien Agents of any Collateral pursuant to Section 363(f) of the Bankruptcy Code (or any similar provision under the law applicable to any Insolvency Proceeding or under a court order in respect of
measures granted with similar effect under any foreign Debtor Relief Laws) so long as the Junior Lien Agents, for the benefit of the Junior Lien Secured Parties, shall retain a Lien on the proceeds of such sale (to the extent such proceeds are not
applied to the Senior Lien Obligations in accordance with Section 4.1(b) hereof). 

Post-Petition Interest. 

Each Junior Lien Agent, for itself and on behalf of the other Junior Lien Secured Parties represented by it,
agrees that no Junior Lien Secured Party shall oppose or seek to challenge any claim by any Senior Lien Agent or any other Senior Lien Secured Party for allowance in any Insolvency Proceeding of Senior Lien Obligations consisting of post-petition
interest, fees or expenses to the extent of the value of the Liens securing the Senior Lien Obligations (it being understood and agreed that such value shall be 

  
 F-1-30 

 
determined without regard to the existence of the Liens securing the Junior Lien Obligations on the Collateral). 

Each Senior Lien Agent, for itself and on behalf of the other Senior Lien Secured Parties represented by it,
agrees that no Senior Lien Secured Party shall oppose or seek to challenge any claim by any Junior Lien Agent or any other Junior Lien Secured Party for allowance in any Insolvency Proceeding of Junior Lien Obligations consisting of post-petition
interest, fees or expenses to the extent of the value of the Liens securing the Junior Lien Obligations (it being understood and agreed that such value shall be determined taking into account the Liens securing the Senior Lien Obligations on the
Collateral). 
 Certain Waivers by the Junior Lien Secured Parties. Each Junior Lien Agent, for itself and on behalf
of the other Junior Lien Secured Parties represented by it, waives any claim any Junior Lien Secured Party may hereafter have against any Senior Lien Secured Party arising out of (a) the election by any Senior Lien Secured Party of the
application of Section 1111(b)(2) of the Bankruptcy Code, or any comparable provision of any other Debtor Relief Law, or (b) any use of cash collateral or financing arrangement, or any grant of a security interest in the Collateral, in any
Insolvency Proceeding. 
 Separate Grants of Security and Separate Classification. Each Senior Lien Secured Party
and each Junior Lien Secured Party acknowledges and agrees that (a) the grants of Liens pursuant to the Senior Lien Collateral Documents and the Junior Lien Collateral Documents constitute two separate and distinct grants of Liens and
(b) because of, among other things, their differing rights in the Collateral, the Senior Lien Obligations are fundamentally different from the Junior Lien Obligations and must be separately classified in any plan of reorganization (or other
plan of similar effect under any Debtor Relief Laws) proposed or adopted in an Insolvency Proceeding. To further effectuate the intent of the parties as provided in the immediately preceding sentence, if it is held that the claims of the Senior Lien
Secured Parties and the Junior Lien Secured Parties in respect of the Collateral constitute only one secured claim (rather than separate classes of senior and junior secured claims), then the Senior Lien Secured Parties and the Junior Lien Secured
Parties hereby acknowledge and agree that all distributions shall be made as if there were separate classes of Senior Lien Obligation claims and Junior Lien Obligation claims against the Credit Parties, with the effect being that, to the extent that
the aggregate value of the Collateral is sufficient (for this purpose ignoring all claims held by the Junior Lien Secured Parties), the Senior Lien Secured Parties shall be entitled to receive, in addition to amounts distributed to them in respect
of principal, pre-petition interest and other claims, all amounts owing in respect of post-petition interest, fees and expenses that is available from the Collateral for Senior Lien Secured Parties before any
distribution is made in respect of the claims held by the Junior Lien Secured Parties from such Collateral, with the Junior Lien Secured Parties hereby acknowledging and agreeing to turn over to the Senior Lien Secured Parties amounts otherwise
received or receivable by them to the extent necessary to effectuate the intent of this sentence, even if such turnover has the effect of reducing the aggregate recoveries. 

  
 F-1-31 

 Enforceability. The provisions of this Agreement are intended to be
and shall be enforceable under Section 510(a) of the Bankruptcy Code and all other applicable Debtor Relief Laws. 

Reorganization Securities. If, in any Insolvency Proceeding, debt obligations of the reorganized debtor secured by
Liens upon any property of the reorganized debtor are distributed pursuant to a plan of reorganization or similar dispositive restructuring plan (the “Reorganization Securities”) on account of both the Senior Lien Obligations and
the Junior Lien Obligations, then, to the extent the debt obligations distributed on account of the Senior Lien Obligations and on account of the Junior Lien Obligations are secured by Liens upon the same assets or property, the provisions of this
Agreement will survive the distribution of such debt obligations pursuant to such plan and will apply with like effect to the Liens securing such debt obligations. 

Senior Lien Obligations Unconditional. All rights of the Senior Lien Agents hereunder, and all agreements and
obligations of the Junior Lien Agents and the Credit Parties (to the extent applicable) hereunder, shall remain in full force and effect irrespective of: 

any lack of validity or enforceability of any Senior Lien Document; 

any change in the time, place or manner of payment of, or in any other term of, all or any portion of the
Senior Lien Obligations (it being specifically acknowledged that a portion of the Senior Lien Obligations may consist of Indebtedness that is revolving in nature, and the amount thereof that may be outstanding at any time or from time to time may be
increased or reduced and subsequently reborrowed), or, subject to Sections 5.2(a) and 5.2(c) hereof, any amendment, waiver or other modification, whether by course of conduct or otherwise, or any refinancing, refunding or restatement
of any Senior Lien Document; 
 any exchange, release, voiding, avoidance or
non-perfection of any security interest in any Collateral or any other collateral, or, subject to Sections 5.2(a) and 5.2(c) hereof, any release, amendment, waiver or other modification, whether
by course of conduct or otherwise, or any refinancing, refunding, restatement or increase of all or any portion of the Senior Lien Obligations or any guarantee or guaranty thereof; or 

any other circumstances that otherwise might constitute a defense available to, or a discharge of, any Credit
Party in respect of the Senior Lien Obligations, or of any of the Junior Lien Agents or any Credit Party, to the extent applicable, in respect of this Agreement. 

Junior Lien Obligations Unconditional. All rights of the Junior Lien Agents hereunder, and all agreements and
obligations of the Senior Lien Agents and the Credit Parties (to the extent applicable) hereunder, shall remain in full force and effect irrespective of: 

any lack of validity or enforceability of any Junior Lien Document; 

any change in the time, place or manner of payment of, or in any other term of, all or any portion of the
Junior Lien Obligations, or, subject to Sections 5.2(b) and 5.2(c) 

  
 F-1-32 

 
hereof, any amendment, waiver or other modification, whether by course of conduct or otherwise, or any refinancing, refunding or restatement of any Junior Lien Document; 

any exchange, release, voiding, avoidance or non-perfection of any
security interest in any Collateral, or any other collateral, or, subject to Sections 5.2(b) and 5.2(c) hereof, any release, amendment, waiver or other modification, whether by course of conduct or otherwise, or any refinancing,
refunding, restatement or increase of all or any portion of the Junior Lien Obligations or any guarantee or guaranty thereof; or 

any other circumstances that otherwise might constitute a defense available to, or a discharge of, any Credit
Party in respect of the Junior Lien Obligations, or of any of the Senior Lien Agents or any Credit Party, to the extent applicable, in respect of this Agreement. 

MISCELLANEOUS 

Rights of Subrogation. Each Junior Lien Agent, for and on behalf of itself and the Junior Lien Secured Parties
represented by it, agrees that no payment to the Senior Lien Agents or any Senior Lien Secured Party pursuant to the provisions of this Agreement shall entitle any Junior Lien Agent or any Junior Lien Secured Party to exercise any rights of
subrogation in respect thereof until the Discharge of Senior Lien Obligations shall have occurred. Following the Discharge of Senior Lien Obligations, each Senior Lien Agent agrees to execute such documents, agreements and instruments as the Junior
Lien Agents or any Junior Lien Secured Party may reasonably request to evidence the transfer by subrogation to any such Person of an interest in the Senior Lien Obligations resulting from payments to the Senior Lien Agenst by such Person, so long as
all costs and expenses (including all reasonable legal fees and disbursements) incurred in connection therewith by the Senior Lien Agents are paid by such Person upon request for payment thereof. 

Further Assurances. The Parties will, at the sole expense of the Credit Parties and at any time and from time to time,
promptly execute and deliver all further instruments and documents, and take all further action, that may be necessary or desirable, or that either Party may reasonably request, in order to protect any right or interest granted or purported to be
granted hereby or to enable the Senior Lien Agents or the Junior Lien Agents to exercise and enforce its rights and remedies hereunder; provided, however, that no Party shall be required to pay over any payment or distribution, execute
any instruments or documents, or take any other action referred to in this Section 7.2, to the extent that such action would contravene any law, order or other legal requirement or any of the terms or provisions of this
Agreement, and in the event of a controversy or dispute, such Party may interplead any payment or distribution in any court of competent jurisdiction, without further responsibility in respect of such payment or distribution under this
Section 7.2. 
 Representations. Each Junior Lien Agent represents and warrants to the
Senior Lien Agents that it has the requisite power and authority under the Junior Lien Documents to enter into, execute, deliver and carry out the terms of this Agreement on behalf of itself and the Junior Lien Secured Parties and that this
Agreement shall be a binding obligation of such Junior Lien Agent and the other Junior Lien Secured Parties, enforceable against such Junior 

  
 F-1-33 

 
Lien Agent and the other Junior Lien Secured Parties in accordance with its terms. Each Senior Lien Agent represents and warrants to the Junior Lien Agents that it has the requisite power and
authority under the Senior Lien Documents to enter into, execute, deliver, and carry out the terms of this Agreement on behalf of itself and the Senior Lien Secured Parties and that this Agreement shall be a binding obligation of such Senior Lien
Agent and the other Senior Lien Secured Parties, enforceable against such Senior Lien Agent and the other Senior Lien Secured Parties in accordance with its terms. 

Amendments. No amendment or waiver of any provision of this Agreement nor consent to any departure therefrom by any
Party hereto shall be effective unless it is in a written agreement executed by each Senior Lien Agent and Junior Lien Agent (at the direction of the requisite Senior Lien Lenders as required under any Senior Lien Credit Agreement and the requisite
Junior Lien Lenders as required under any Junior Lien Credit Agreement, respectively) and, in the case of any amendment or waiver that could reasonably be expected to be adverse to the interests, rights, liabilities or privileges of any Credit Party
or imposes additional duties or obligations on any Credit Party, the Borrowers, and then such waiver or consent shall be effective only in the specific instance and for the specific purpose for which given. It is understood that the Designated
Senior Lien Agent and the Designated Junior Lien Agent, without the consent of any other Senior Lien Secured Party or Junior Lien Secured Party, may in their discretion determine that a supplemental agreement (which may take the form of an amendment
and restatement of this Agreement) is necessary or appropriate to facilitate having additional Indebtedness or other obligations of any of the Credit Parties become Senior Lien Obligations or Junior Lien Obligations, as the case may be, under this
Agreement (such Indebtedness or other obligations, “Additional Debt”), which supplemental agreement shall, if applicable, specify whether such Additional Debt constitutes Senior Lien Obligations or Junior Lien Obligations;
provided that such Additional Debt is permitted to be incurred under each Senior Lien Credit Agreement and each Junior Lien Credit Agreement then extant in accordance with the terms thereof. Each such supplemental agreement (x) shall be
in form and substance reasonably satisfactory to the Designated Senior Lien Agent and the Designated Junior Lien Agent, (y) shall be executed by the Senior Representative with respect to the applicable series of Additional Debt (and, upon the
effectiveness of such supplemental agreement, such Senior Representative shall become an “Agent” hereunder) and (z) shall provide, in a manner satisfactory to the Designated Senior Lien Agent and the Designated Junior Lien Agent, that
the Senior Representative with respect to applicable series of Additional Debt and each holder of such series of Additional Debt shall be subject to and bound by the provisions of this Agreement, as so supplemented, in its capacity as a holder of
such series of Additional Debt. 
 Addresses for Notices. Unless otherwise specifically provided herein, any notice
or other communication herein required or permitted to be given shall be in writing and may be personally served, telecopied, emailed or sent by overnight express courier service or United States mail and shall be deemed to have been given when
delivered in person or by courier service, upon receipt of a telecopy or five Business Days after deposit in the United States mail (certified, with postage prepaid and properly addressed). For the purposes hereof, the addresses of the parties
hereto (until notice of a change thereof is delivered as provided in this Section) shall be as set forth below or, as to each party, at such other address as may be designated by 

  
 F-1-34 

 
such party in a written notice to all of the other parties and as otherwise provided in the Senior Lien Documents and the Junior Lien Documents. 

Senior Lien Agent: [             ] 

Junior Lien Agent: [             ] 

No Waiver; Remedies. No failure on the part of any Party to exercise, and no delay in exercising, any right hereunder
shall operate as a waiver thereof; nor shall any single or partial exercise of any right hereunder preclude any other or further exercise thereof or the exercise of any other right. The remedies herein provided are cumulative and not exclusive of
any remedies provided by law. 
 Continuing Agreement; Transfer of Secured Obligations. This Agreement is a
continuing agreement and shall (a) remain in full force and effect until the Discharge of Senior Lien Obligations shall have occurred (subject to Section 5.4 hereof), (b) be binding upon the Parties and their
successors and assigns and (c) inure to the benefit of and be enforceable by the Parties and their respective successors, transferees and assigns. Except as set forth in Section 7.4 hereof, nothing herein is intended,
or shall be construed to give, any other Person any right, remedy or claim under, to or in respect of this Agreement or any Collateral. All references to any Credit Party shall include any Credit Party as debtor-in-possession and any receiver or trustee for such Credit Party in any Insolvency Proceeding. Without limiting the generality of the foregoing clause (c), any Senior Lien Agent, any Senior Lien Secured
Party, any Junior Lien Agent or any Junior Lien Secured Party may assign or otherwise transfer all or any portion of the Senior Lien Obligations or the Junior Lien Obligations in accordance with any Senior Lien Credit Agreement or any Junior Lien
Credit Agreement, in each case, as applicable, to any other Person (other than the Borrowers, any Guarantor or any Affiliate of the Borrowers or any Guarantor (in each case except as provided in such Senior Lien Credit Agreement or such Junior Lien
Credit Agreement, as applicable)), and such other Person shall thereupon become vested with all the rights and obligations in respect thereof granted to such Senior Lien Agent, such Junior Lien Agent, any Senior Lien Secured Party or any Junior Lien
Secured Party, as the case may be, herein or otherwise. The Senior Lien Secured Parties and the Junior Lien Secured Parties may continue, at any time and without notice to the other parties hereto, to extend credit and other financial
accommodations, lend monies and provide Indebtedness to, or for the benefit of, any Credit Party on the faith hereof. 

GOVERNING LAW; ENTIRE AGREEMENT. (a) THIS AGREEMENT AND ANY CLAIM, CONTROVERSY, DISPUTE OR CAUSE OF ACTION
(WHETHER IN CONTRACT OR TORT OR OTHERWISE) BASED UPON, ARISING OUT OF OR RELATING TO THIS AGREEMENT AND THE TRANSACTIONS CONTEMPLATED HEREBY SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK. This Agreement
constitutes the entire agreement and understanding among the Parties with respect to the subject matter hereof and supersedes any prior agreements, written or oral, with respect thereto. 

  
 F-1-35 

 Counterparts. This Agreement may be executed in any number of
counterparts, and it is not necessary that the signatures of all Parties be contained on any one counterpart hereof, each counterpart will be deemed to be an original and all together shall constitute one and the same document. Delivery of an
executed signature page to this Agreement by facsimile or other electronic transmission (in .pdf or similar format) shall be as effective as delivery of a manually signed counterpart of this Agreement. 

No Third Party Beneficiaries. This Agreement is solely for the benefit of the Senior Lien Agents, Senior Lien Secured
Parties, Junior Lien Agents and Junior Lien Secured Parties. Nothing herein shall be construed to limit the relative rights and obligations as among the Senior Lien Secured Parties or as among the Junior Lien Secured Parties. Nothing herein shall be
construed to limit the relative rights and obligations as among the Senior Lien Secured Parties pursuant to the provisions of the Senior Lien Pari Passu Intercreditor Agreement. Nothing herein shall be construed to limit the relative rights and
obligations as among the Junior Lien Secured Parties pursuant to the provisions of the [Junior] Lien Pari Passu Intercreditor Agreement. Except as set forth in Section 7.4 hereof, no other Person (including the Borrowers,
any Guarantor or any Affiliate of the Borrowers or any Guarantor (in each case except as provided in any Senior Lien Credit Agreement or any Junior Lien Credit Agreement, as applicable)) shall be deemed to be a third party beneficiary of this
Agreement; provided, that, the Borrowers and the other Credit Parties shall be express third party beneficiaries of, and shall be entitled to rely on and enforce the provisions of, Sections 6.1(a), 6.3(a), 6.4 and 7.4. 

Headings. The headings of the articles and sections of this Agreement are inserted for purposes of convenience only
and shall not be construed to affect the meaning or construction of any of the provisions hereof. 
 Severability.
If any of the provisions in this Agreement shall, for any reason, be held invalid, illegal or unenforceable in any respect, such invalidity, illegality or unenforceability shall not affect any other provision of this Agreement and shall not
invalidate the Lien Priority or the application of Proceeds and other priorities set forth in this Agreement. The Parties shall endeavor in good faith negotiations to replace the illegal, invalid or unenforceable provisions with valid provisions the
economic effect of which comes as close as possible to that of the illegal, invalid or unenforceable provisions. The invalidity of a provision in a particular jurisdiction shall not invalidate or render unenforceable such provision in any other
jurisdiction. 
 VENUE; JURY TRIAL WAIVER. 

EACH PARTY HERETO HEREBY IRREVOCABLY AND UNCONDITIONALLY SUBMITS, FOR ITSELF AND ITS PROPERTY, TO THE
EXCLUSIVE JURISDICTION OF THE COURTS OF THE STATE OF NEW YORK SITTING IN NEW YORK CITY IN THE BOROUGH OF MANHATTAN AND OF THE UNITED STATES DISTRICT COURT OF THE SOUTHERN DISTRICT OF NEW YORK, AND ANY APPELLATE COURT FROM ANY THEREOF, IN ANY ACTION
OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT, OR FOR RECOGNITION OR ENFORCEMENT OF ANY JUDGMENT, AND EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY AND UNCONDITIONALLY AGREES THAT ALL CLAIMS IN RESPECT OF ANY

  
 F-1-36 

 
SUCH ACTION OR PROCEEDING SHALL BE HEARD AND DETERMINED IN SUCH NEW YORK STATE COURT OR, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, IN SUCH FEDERAL COURT. EACH OF THE PARTIES HERETO
AGREES THAT A FINAL JUDGMENT IN ANY SUCH ACTION OR PROCEEDING SHALL BE CONCLUSIVE AND MAY BE ENFORCED IN OTHER JURISDICTIONS BY SUIT ON THE JUDGMENT OR IN ANY OTHER MANNER PROVIDED BY LAW. NOTHING IN THIS AGREEMENT SHALL AFFECT ANY RIGHT THAT ANY
SENIOR LIEN SECURED PARTY OR ANY JUNIOR LIEN SECURED PARTY MAY OTHERWISE HAVE TO BRING ANY ACTION OR PROCEEDING RELATING TO THIS AGREEMENT, ANY SENIOR LIEN DOCUMENTS OR ANY JUNIOR LIEN DOCUMENTS AGAINST ANY CREDIT PARTY OR ITS PROPERTIES IN THE
COURTS OF ANY JURISDICTION. 
 EACH PARTY IRREVOCABLY AND UNCONDITIONALLY WAIVES, TO THE FULLEST EXTENT
PERMITTED BY APPLICABLE LAW, ANY OBJECTION THAT IT MAY NOW OR HEREAFTER HAVE TO THE LAYING OF VENUE OF ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT IN ANY COURT REFERRED TO IN PARAGRAPH (a) OF THIS SECTION. EACH OF THE
PARTIES HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, THE DEFENSE OF AN INCONVENIENT FORUM TO THE MAINTENANCE OF SUCH ACTION OR PROCEEDING IN ANY SUCH COURT. 

EACH PARTY HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT
MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY). EACH PARTY HERETO
(A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PERSON HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PERSON WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES
THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION. EACH PARTY HERETO REPRESENTS THAT IT HAS REVIEWED THIS WAIVER AND IT KNOWINGLY AND
VOLUNTARILY WAIVES ITS JURY TRIAL RIGHTS FOLLOWING CONSULTATION WITH LEGAL COUNSEL. IN THE EVENT OF LITIGATION, A COPY OF THIS AGREEMENT MAY BE FILED AS A WRITTEN CONSENT TO A TRIAL BY THE COURT. 

EACH PARTY TO THIS AGREEMENT IRREVOCABLY CONSENTS TO SERVICE OF PROCESS IN THE MANNER PROVIDED FOR NOTICES IN
SECTION 7.5 HEREOF. NOTHING IN THIS AGREEMENT WILL AFFECT THE RIGHT OF ANY PARTY TO THIS AGREEMENT TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY APPLICABLE LAW. 

  
 F-1-37 

 Senior/Junior Intercreditor Agreement. This Agreement is the
“Senior/Junior Intercreditor Agreement” (or equivalent form) referred to in any Senior Lien Credit Agreement and any Junior Lien Credit Agreement. Nothing in this Agreement shall be deemed to subordinate in right of payment the obligations
due to (a) any Senior Lien Secured Party to the obligations due to any Junior Lien Secured Party or (b) any Junior Lien Secured Party to the obligations due to any Senior Lien Secured Party (in each case, whether before or after the
occurrence of an Insolvency Proceeding), it being the intent of the Parties that this Agreement shall effectuate a subordination of Liens but not a subordination of Indebtedness. 

No Warranties or Liability. The Senior Lien Agents and the Junior Lien Agents acknowledge and agree that neither has
made any representation or warranty with respect to the execution, validity, legality, completeness, collectability or enforceability of any other Senior Lien Document or any other Junior Lien Document. Except as otherwise provided in this
Agreement, the Senior Lien Agents and the Junior Lien Agents will be entitled to manage and supervise their respective extensions of credit to any Credit Party in accordance with law and their usual practices, modified from time to time as they deem
appropriate. 
 Conflicts. In the event of any conflict between the provisions of this Agreement and the provisions
of any Senior Lien Document or any Junior Lien Document, the provisions of this Agreement shall govern provided that the foregoing shall not be construed to limit the relative rights and obligations as among the Senior Lien Secured Parties or
as among the Junior Lien Secured Parties; as among the Senior Lien Secured Parties, such rights and obligations are governed by, and any provisions herein regarding them are therefore subject to, the provisions of the Senior Lien Pari Passu
Intercreditor Agreement, and as among the Junior Lien Secured Parties, such rights and obligations are governed by, and any provisions herein regarding them are therefore subject to, the provisions of the Junior Lien Pari Passu Intercreditor
Agreement. 
 Costs and Expenses. All costs and expenses incurred by the Senior Lien Agents and the Junior Lien
Agents hereunder shall be reimbursed by the Borrowers and the Credit Parties as provided in Section 9.3 (or any similar provision) of any Senior Lien Credit Agreement and Section 9.3 (or any similar provision) of any Junior Lien Credit
Agreement. 
 Reliance; Information Concerning Financial Condition of the Credit Parties. Each of the Senior Lien
Agent, for itself and on behalf of the Senior Lien Secured Parties represented by it, and the Junior Lien Agent, for itself and on behalf of the Junior Lien Secured Parties represented by it, acknowledges that (a) it and such Secured Parties
have, independently and without reliance upon, in the case of the Senior Lien Secured Parties, any Junior Lien Secured Party and, in the case of the Junior Lien Secured Parties, any Senior Lien Secured Party, and based on such documents and
information as they have deemed appropriate, made their own credit analysis and decision to enter into the Credit Documents to which they are party and (b) it and such Secured Parties will, independently and without reliance upon, in the case
of the Senior Lien Secured Parties, any Junior Lien Secured Party and, in the case of the Junior Lien Secured Parties, any Senior Lien Secured Party, and based on such documents and information as they shall from time to time deem appropriate,
continue to make their own credit decision in taking or not taking any action under this Agreement or any other Credit Document to which they are party. Each of the Senior Lien Agents and the Junior Lien Agents hereby assumes responsibility for
keeping itself informed of the financial condition of the Credit Parties and all other 

  
 F-1-38 

 
circumstances bearing upon the risk of nonpayment of the Senior Lien Obligations or the Junior Lien Obligations. The Senior Lien Agents and the Junior Lien Agents hereby agree that no party shall
have any duty to advise any other party of information known to it regarding such condition or any such circumstances. In the event any Senior Lien Agent or any Junior Lien Agent, in its sole discretion, undertakes at any time or from time to time
to provide any information to any other party to this Agreement, (i) it shall be under no obligation (A) to provide any such information to such other party or any other party on any subsequent occasion, (B) to undertake any
investigation not a part of its regular business routine or (C) to disclose any other information, (ii) it makes no expressed or implied representation as to the accuracy or completeness of any such information and shall not be liable for
any information contained therein and (iii) the Agent receiving such information hereby agrees to hold the other Agent harmless from any action the receiving Agent may take or conclusion the receiving Agent may reach or draw from any such
information, as well as from and against any and all losses, claims, damages, liabilities and expenses to which such receiving Agent may become subject arising out of or in connection with the use of such information. 

Additional Credit Parties. The Borrowers will promptly cause each Person that becomes a Credit Party to deliver to the
parties hereto an executed counterpart hereto, whereupon such Person shall thereby become a party hereto and be bound by the terms hereof to the same extent as if it had executed and delivered this Agreement as of the date hereof. The Agents and the
Credit Parties hereto further agree that, notwithstanding any failure to take the actions required by the immediately preceding sentence, each Person that becomes a Credit Party at any time (and any security granted by any such Person) shall be
subject to the provisions hereof as fully as if the same constituted a Credit Party party hereto and had complied with the requirements of the immediately preceding sentence. 

Additional Pari Passu Agents. To the extent, but only to the extent, permitted by the provisions of each of the Senior
Lien Documents and the Junior Lien Documents, the Borrowers and/or any of the other Credit Parties may incur or issue and sell one or more series or classes of Indebtedness under credit agreements, debt facilities, indentures, securities purchase
agreements or similar agreements and/or commercial paper facilities that the Borrowers designate as an Additional Senior Lien Credit Agreement or Additional Junior Lien Credit Agreement. In order to so designate any such Indebtedness as an
Additional Senior Pari Passu Credit Agreement or Additional Junior Pari Passu Credit Agreement, as applicable, such Indebtedness must satisfy: (i) in the case of an Additional Senior Lien Credit Agreement, the requirements of the definition of
“Additional Senior Lien Credit Agreement” or (ii) in the case of an Additional Junior Lien Credit Agreement, the related obligations must satisfy the definition of “Additional Junior Lien Credit Agreement”. Additionally the
Additional Senior Pari Passu Agent under any such Additional Senior Lien Credit Agreement or the Additional Junior Pari Passu Agent under any such Additional Junior Lien Credit Agreement, as applicable, shall have delivered an executed joinder
agreement hereto, whereby such new Agent shall thereby become a party hereto and agree to be bound by the terms of this Agreement (including Section 2.5) and represent and warrant that such Additional Senior Lien Credit
Agreement or Additional Junior Lien Credit Agreement, as applicable, provides that the Secured Parties thereunder will be subject to and bound by the provisions of this Agreement. 

  
 F-1-39 

 Effectiveness; Survival. This Agreement shall become effective when
executed and delivered by the parties hereto. All covenants, agreements, representations and warranties made by any party in this Agreement shall be considered to have been relied upon by the other parties hereto and shall survive the execution and
delivery of this Agreement. The terms of this Agreement shall survive, and shall continue in full force and effect, in any Insolvency Proceeding. The Junior Lien Agent, for itself and on behalf of the other Junior Lien Secured Parties, hereby waives
any and all rights the Junior Lien Secured Parties may now or hereafter have under applicable law to revoke this Agreement or any of the provisions of this Agreement. 

PURCHASE OF SENIOR LIEN OBLIGATIONS 

BY JUNIOR LIEN SECURED PARTIES 

Purchase Right. If there is an acceleration of the Senior Lien Obligations in accordance with any Senior Lien Credit
Agreement (a “Purchase Event”), then the Junior Lien Secured Parties (on a pro rata basis based on their outstanding Junior Lien Obligations, unless otherwise agreed among such Junior Lien Secured Parties) may purchase, by
submitting a notice (a “Purchase Notice”) within 15 Business Days of any such Purchase Event, all, but not less than all, of the Senior Lien Obligations (the “Purchase Obligations”) for the Purchase Price. Such
purchase shall: 
 include all principal of, and all accrued and unpaid interest, fees, indemnities, costs
and expenses in respect of, all Purchase Obligations outstanding at the time of purchase; 
 include the
furnishing of cash collateral to any Senior Lien Agent in a manner and in such amount as such Senior Lien Agent determines is reasonably necessary to secured the letter of credit issuing banks in connection with any issued and outstanding letters of
credit; 
 be made pursuant to an assignment agreement in the form of Exhibit E-1 to any Senior Lien Credit Agreement; and 
 otherwise be subject to
the terms and conditions of this Article 8. 
 Each Senior Lien Lender will retain all rights to indemnification
provided in the relevant Senior Lien Documents for all claims and other amounts relating to periods prior to the purchase of the Purchase Obligations pursuant to this Article 8 and such rights shall be secured by the Liens securing the Senior
Lien Obligations. 
 Purchase Notice. The Junior Lien Secured Parties desiring to purchase all the Purchase
Obligations (the “Purchasing Creditors”) will deliver a Purchase Notice to the Designated Senior Lien Agent that: 

is signed by the Purchasing Creditors; 

states that it is a Purchase Notice under this Article 8; 

  
 F-1-40 

 states that each Purchasing Creditor is irrevocably
(subject to a Purchase Rejection) electing to purchase, in accordance with this Article 8, the percentage of all of the Purchase Obligations stated in the Purchase Notice for that Purchasing Creditor, which percentages must aggregate exactly
100% for all Purchasing Creditors; 
 represents and warrants that the Purchase Notice is in conformity
with the Junior Lien Documents and any other binding agreement among Junior Lien Secured Parties; and 

designates a date on which the purchase will occur (the “Purchase Date”), that is
(x) at least five but not more than ten Business Days after the Senior Lien Agent’s receipt of the Purchase Notice and (y) not more than twenty-five Business Days after the Purchase Event. 

Upon the Designated Senior Lien Agent’s receipt of an effective Purchase Notice conforming to this
Section 8.2, the Purchasing Creditors will be irrevocably (subject to a Purchase Rejection) obligated to purchase, and the Senior Lien Secured Parties will be irrevocably obligated to sell, the Purchase Obligations in
accordance with and subject to this Article 8. 
 Purchase Price. The purchase price (the “Purchase
Price”) for the Purchase Obligations will equal the sum of 100% of (a) the principal amount of all loans, advances, or similar extensions of credit included in the Purchase Obligations, and all accrued and unpaid interest thereon
through the Purchase Date (excluding any acceleration prepayment penalties or premiums); and (b) all accrued and unpaid fees, expenses, indemnities and other amounts owed to the Senior Lien Secured Parties under the Senior Lien Documents on the
Purchase Date. 
 Purchase Closing. On the Purchase Date, (a) the Purchasing Creditors and the Senior Lien
Agents will execute and deliver the assignment agreement referenced in Section 8.1 hereof, (b) the Purchasing Creditors will pay the Purchase Price to the Senior Lien Agents by wire transfer of immediately available
funds, and (c) each of the Purchasing Creditors will execute and deliver to the Senior Lien Agents a waiver and release of all claims arising out of this Agreement, the relationship between the Senior Lien Secured Parties and the Junior Lien
Secured Parties in connection with the Senior Lien Documents and the Junior Lien Documents, and the transactions contemplated hereby as a result of exercising the purchase option contemplated by this Article 8. 

Actions After Purchase Closing. 

Promptly after the closing of the purchase of all Senior Lien Obligations pursuant to this Article 8, the
Senior Lien Agents will distribute the Purchase Price to the Senior Lien Secured Parties in accordance with the terms of the Senior Lien Documents. 

After the closing of the purchase of all Purchase Obligations pursuant to this Article 8, the
Purchasing Creditors may request that the Senior Lien Agents immediately resign as administrative agent and collateral agent under the Senior Lien Documents and the Senior Lien Agents will immediately resign if so requested. Upon such resignation, a

  
 F-1-41 

 
new administrative agent and a new collateral agent will be elected or appointed in accordance with the Senior Lien Documents. 

No Recourse or Warranties; Defaulting Creditors. 

The Senior Lien Secured Parties will be entitled to rely on the statements, representations and warranties in
the Purchase Notice without investigation, even if the Senior Lien Secured Parties are notified that any such statement, representation or warranty is not or may not be true. 

The purchase and sale of the Purchase Obligations under this Article 8 will be without recourse and
without any representation or warranty whatsoever by the Senior Lien Secured Parties, except that Senior Lien Secured Parties represent and warrant that on the Purchase Date, immediately before giving effect to the purchase, the Senior Lien Secured
Parties own the Purchase Obligations free and clear of all Liens (other than participation interests not prohibited by any Senior Lien Credit Agreement, in which case the Purchase Price will be appropriately adjusted so that the Purchasing Creditors
do not pay amounts represented by participation interest) and have the right to convey whatever claims and interests they may have in respect of the Purchase Obligations. 

The obligations of Senior Lien Secured Parties to sell their respective Purchase Obligations under this
Article 8 are several and not joint. If a Senior Lien Secured Party breaches its obligations to sell its Purchase Obligations under this Article 8 (a “Defaulting Creditor”), no other Senior Lien Secured Party will be
obligated to purchase the Defaulting Creditor’s Purchase Obligations for resale to the holders of the Junior Lien Obligations. A Senior Lien Secured Party that complies with this Article 8 will not be in default of this Agreement or
otherwise be deemed liable for any action or inaction of any Defaulting Creditor; provided that nothing in this paragraph will affect the Purchasing Creditors’ obligation to purchase all of the Purchase Obligations. Each Credit Party
irrevocably consents to any assignment effected to one or more Purchasing Creditors pursuant to this Article 8. 

  
 F-1-42 

 IN WITNESS WHEREOF, the Intial Senior Lien Agent, for and on behalf of
itself and the Initial Senior Lien Lenders, and the Initial Junior Lien Agent, for and on behalf of itself and the Initial Junior Lien Lenders, have caused this Agreement to be duly executed and delivered as of the date first above written. 

 

					
	 ●
	 	  

	 JEFFERIES FINANCE LLC, in its capacity as the Initial Senior Lien Agent

		
	 ●
	 	  

		
		 	 By:
                                         
                     

		 	 Name:
	 	
		 	 Title:
	 	
		
	 ●
	 	  

		
	 ●
	 	  

		
		 	 By:
                                         
                     

		 	 Name:
	 	
		 	 Title:
	 	

  
 F-1-43 

 
							
	 ●
	 	  
	 	
	 [●], in its capacity as the Initial Junior Lien Agent
	 	
			
	 ●
	 	  
	 	
			
		 	 By:
                                         
                   
	 	
		 	 Name:
	 		 	
		 	 Title:
	 		 	
			
	 ●
	 	  
	 	
			
	 ●
	 	  
	 	
			
		 	 By:
                                         
                   
	 	
		 	 Name:
	 		 	
		 	 Title:
	 		 	

  
 F-1-44 

 ACKNOWLEDGMENT 

The Borrowers and each Guarantor hereby acknowledge that they have received a copy of this Agreement as in effect on the date
hereof and consents thereto, agree to recognize all rights granted thereby to the Senior Lien Agents, the Senior Lien Secured Parties, the Junior Lien Agents, and the Junior Lien Secured Parties (including pursuant to
Section 7.17 hereof) and will not do any act or perform any obligation which is not in accordance with the agreements set forth in this Agreement as in effect on the date hereof. The Borrowers and each Guarantor further
acknowledges and agrees that (except as set forth in Sections 6.1(a), 6.3(a), 6.4, 7.4 and 7.10 hereof) they are not intended beneficiaries or third party beneficiaries under this Agreement and (i) as between
the Senior Lien Secured Parties, the Borrowers and Guarantors, the Senior Lien Documents remain in full force and effect as written and are in no way modified hereby and (ii) as between the Junior Lien Secured Parties, the Borrowers and
Guarantors, the Junior Lien Documents remain in full force and effect as written and are in no way modified hereby. The Borrowers and each Guarantor also hereby acknowledge that they are bound under Sections 7.17, 7.18 and 7.19
of this Agreement. 
 [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] 

  
 F-1-45 

 
			
	        ●                    
                                         
                             
	
	 HLF FINANCING SARL, LLC 

	
	 ●

	
	     By
                                         
   

	
            Name:

	             Title:

	
	 HERBALIFE INTERNATIONAL, INC. 

	
	     By

	
            Name:

	             Title:

	
	 HERBALIFE NUTRITION LTD. 

	
	     By

	
            Name:

	             Title:

	
	HERBALIFE INTERNATIONAL LUXEMBOURG S.À R.L. 
	
	     By

	
            Name:

	             Title:

	
	Add other Guarantors as per other Intercreditor Agreements.

  
 F-1-46 

 
			
	
[         ]23.

	
	  

		
	     By
	 	  

	           Name:

	           Title:

		
		 	
●                      
                                         
 

	
	
[         
].

	
	  

		
	     By
	 	  

	           Name:

	           Title:

  
  
  

 
  

	23 	 Additional Grantors to be added as needed. 

  
 F-1-47 

 Provision for any Junior Lien Credit Agreement: 

“Reference is made to the Intercreditor Agreement dated as of [•], 20[ ] (as amended, restated, supplemented or otherwise modified
from time to time, the “Senior/Junior Intercreditor Agreement”), among Jefferies Finance LLC as Initial Senior Lien Agent (as defined therein), [•], as Initial Junior Lien Agent (as defined therein), HLF Financing SaRL, LLC, a
Delaware limited liability company (“TL Borrower”), Herbalife Nutrition Ltd., a Cayman Islands exempted company incorporated with limited liability (“Parent”), Herbalife International Luxembourg S.à R.L., a
Luxembourg private limited liability company (société à responsabilité limitée), existing and organized under the laws of Luxembourg,
having its registered office at 16, avenue de la Gare, L-1610 Luxembourg and registered with the Luxembourg Register of Commerce and Companies (R.C.S. Luxembourg) under number B 88.006
(“HIL”), Herbalife International, Inc., a Nevada corporation (“HII” and, together with Parent, TL Borrower and HIL, the “Revolver Borrowers”; the Revolver Borrowers, together with the TL Borrower,
are referred to herein as the “Borrowers”), and each other party from time to time party thereto. Each Lender hereunder (a) acknowledges that it has received a copy of the Senior/Junior Intercreditor Agreement,
(b) consents to the subordination of Liens provided for in the Senior/Junior Intercreditor Agreement, (c) agrees that it will be bound by and will take no actions contrary to the provisions of the Senior/Junior Intercreditor Agreement and
(d) authorizes and instructs the [Administrative Agent] to enter into the Senior/Junior Intercreditor Agreement as [Administrative Agent] and on behalf of such Lender. The foregoing provisions are intended as an inducement to the lenders under
any Senior Lien Credit Agreement (as defined in the Senior/Junior Intercreditor Agreement) to permit the incurrence of Indebtedness under this Agreement and to extend credit to the Borrowers and such lenders are intended third party beneficiaries of
such provisions.” 
 Provision for any Junior Lien Collateral Documents: 

“Reference is made to the Intercreditor Agreement dated as of [•], 20[ ] (as amended, restated, supplemented or otherwise modified
from time to time, the “Senior/Junior Intercreditor Agreement”), among Jefferies Finance LLC as Initial Senior Lien Agent (as defined therein), [•], as Initial Junior Lien Agent (as defined therein), HLF Financing SaRL, LLC, a
Delaware limited liability company, Herbalife Nutrition Ltd., a Cayman Islands exempted company incorporated with limited liability, Herbalife International Luxembourg S.à R.L., a Luxembourg private limited liability company
(société à responsabilité limitée), existing and organized under the laws of Luxembourg, having its registered office at 16, avenue de la
Gare, L-1610 Luxembourg and registered with the Luxembourg Register of Commerce and Companies (R.C.S. Luxembourg) under number B 88.006, Herbalife International, Inc., a Nevada corporation, and each
other party from time to time party thereto. Notwithstanding anything herein to the contrary, the lien and security interest granted to the [Administrative Agents], for the benefit of the Secured Parties, pursuant to this Agreement and the exercise
of any right or remedy by the [Administrative Agents] and the other Secured Parties hereunder are subject to the provisions of the Senior/Junior Intercreditor Agreement. In the event of any conflict or inconsistency between the provisions of the
Senior/Junior Intercreditor Agreement and this Agreement, the provisions of the Senior/Junior Intercreditor Agreement shall control.” 

  
 F-1-1 

 EXHIBIT F-2 

to the Credit Agreement 

FORM OF SENIOR PARI PASSU INTERCREDITOR AGREEMENT 

Provided Separately 

  
 F-2-1 

 EXHIBIT F-2 

to Credit Agreement 
  

 
  

[FORM OF]24 

SENIOR PARI PASSU INTERCREDITOR AGREEMENT 

dated as of 
 [•],
20[    ] 
 among 

HLF FINANCING SaRL, LLC, 

HERBALIFE INTERNATIONAL, INC., HERBALIFE NUTRITION LTD. and 

HERBALIFE INTERNATIONAL LUXEMBOURG S.À R.L., 

as the Borrowers 
 the Subsidiaries
of Herbalife Nutrition Ltd. 
 from time to time party hereto, 

JEFFERIES FINANCE LLC, 
 as
Collateral Agent for the Senior Lien Secured Parties and 
 as Authorized Representative for the Credit Agreement Secured Parties 

[        ] 

as the Initial Additional Authorized Representative 

and 
 each additional Authorized
Representative from time to time party hereto 
 THIS IS THE “SENIOR PARI PASSU INTERCREDITOR AGREEMENT” OR “SENIOR LIEN PARI PASSU
INTERCREDITOR AGREEMENT” REFERRED TO IN (A) ANY SENIOR LIEN COLLATERAL DOCUMENT (AS DEFINED HEREIN), (B) ANY CREDIT AGREEMENT (AS DEFINED HEREIN) AND (C) ANY ADDITIONAL SENIOR LIEN DOCUMENTS (AS DEFINED HEREIN). 

 
  

 
  
  

 
  

	24 	 NTD: Appropriate modifications required or agreed to by the Collateral Agent will be made to this form to
reflect the existence of other intercreditor agreements in effect at the time this form of agreement is entered into. 

  
 i 

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
		
	ARTICLE I	  			
		
	 DEFINITIONS
	  	 	1	 
			
	SECTION 1.01.	 	 Certain Defined Terms
	  	 	1	 
	SECTION 1.02.	 	 Terms Generally
	  	 	8	 
	SECTION 1.03.	 	 Impairments
	  	 	9	 
		
	ARTICLE II	  			
		
	 PRIORITIES AND AGREEMENTS WITH RESPECT TO SHARED COLLATERAL
	  	 	9	 
			
	SECTION 2.01.	 	 Priority of Claims
	  	 	9	 
	SECTION 2.02.	 	 Actions with Respect to Shared Collateral; Prohibition on Contesting Liens
	  	 	11	 
	SECTION 2.03.	 	 No Interference; Payment Over
	  	 	12	 
	SECTION 2.04.	 	 Automatic Release of Liens; Amendments to Senior Lien Collateral Documents
	  	 	13	 
	SECTION 2.05.	 	 Certain Agreements with Respect to Bankruptcy or Insolvency Proceedings
	  	 	14	 
	SECTION 2.06.	 	 Reinstatement
	  	 	15	 
	SECTION 2.07.	 	 Insurance
	  	 	16	 
	SECTION 2.08.	 	 Refinancings
	  	 	16	 
	SECTION 2.09.	 	 Possessory/Control Agent as Gratuitous Bailee/Agent for Perfection
	  	 	16	 
		
	ARTICLE III	  			
		
	 EXISTENCE AND AMOUNTS OF LIENS AND OBLIGATIONS
	  	 	17	 
			
	SECTION 3.01.	 	 Determinations with Respect to Amounts of Liens and Obligations
	  	 	17	 
		
	ARTICLE IV	  			
		
	 THE COLLATERAL AGENT
	  	 	17	 
			
	SECTION 4.01.	 	 Appointment and Authority
	  	 	17	 
	SECTION 4.02.	 	 Rights as a Senior Lien Secured Party
	  	 	19	 

  
 ii 

							
	SECTION 4.03.	 	 Exculpatory Provisions
	  	 	19	 
	SECTION 4.04.	 	 Reliance by Applicable Authorized Representative
	  	 	20	 
	SECTION 4.05.	 	 Delegation of Duties
	  	 	21	 
	SECTION 4.06.	 	 Non-Reliance on Applicable Authorized Representative and
Other Senior
 Lien Secured Parties
	  	 	21	 
	SECTION 4.07.	 	 Collateral and Guaranty Matters
	  	 	21	 
	SECTION 4.08.	 	 Power of Attorney
	  	 	21	 
		
	ARTICLE V	  			
		
	 MISCELLANEOUS
	  	 	22	 
			
	SECTION 5.01.	 	 Notices
	  	 	22	 
	SECTION 5.02.	 	 Waivers; Amendment; Joinder Agreements
	  	 	22	 
	SECTION 5.03.	 	 Parties in Interest
	  	 	23	 
	SECTION 5.04.	 	 Survival of Agreement
	  	 	23	 
	SECTION 5.05.	 	 Counterparts
	  	 	23	 
	SECTION 5.06.	 	 Severability
	  	 	23	 
	SECTION 5.07.	 	 Governing Law; Jurisdiction
	  	 	24	 
	SECTION 5.08.	 	 Submission to Jurisdiction Waivers; Consent to Service of Process
	  	 	24	 
	SECTION 5.09.	 	 WAIVER OF JURY TRIAL
	  	 	24	 
	SECTION 5.10.	 	 Headings
	  	 	25	 
	SECTION 5.11.	 	 Conflicts
	  	 	25	 
	SECTION 5.12.	 	 Provisions Solely to Define Relative Rights
	  	 	25	 
	SECTION 5.13.	 	 Additional Senior Debt
	  	 	25	 
	SECTION 5.14.	 	 Additional Grantors
	  	 	26	 
	SECTION 5.15.	 	 Integration
	  	 	26	 
	SECTION 5.16.	 	 Specific Performance
	  	 	26	 

  
 iii 

          SENIOR PARI PASSU INTERCREDITOR AGREEMENT
dated as of [•], 20[_] (as amended, supplemented or otherwise modified from time to time, this “Agreement”), among HLF Financing SaRL, LLC, a Delaware limited liability company (“TL Borrower”), Herbalife
Nutrition Ltd., a Cayman Islands exempted company incorporated with limited liability (“Parent”), Herbalife International Luxembourg S.à R.L., a Luxembourg private limited liability company (société à
responsabilité limitée), existing and organized under the laws of Luxembourg, having its registered office at 16, avenue de la Gare, L-1610 Luxembourg and registered with the Luxembourg
Register of Commerce and Companies (R.C.S. Luxembourg) under number B 88.006 (“HIL”), Herbalife International, Inc., a Nevada corporation (“HII” and, together with Parent, TL Borrower and HIL, the
“Revolver Borrowers”; the Revolver Borrowers, together with the TL Borrower, are referred to herein as the “Borrowers”), certain subsidiaries of the Borrowers from time to time party hereto, JEFFERIES FINANCE LLC,
as Authorized Representative for the Credit Agreement Secured Parties (“Jefferies”, in such capacity, the “Collateral Agent”), [INSERT NAME AND CAPACITY], as Authorized Representative for the Initial Additional
Senior Lien Secured Parties (in such capacity and together with its successors in such capacity, the “Initial Additional Authorized Representative”) and each additional Authorized Representative from time to time party hereto for
the Additional Senior Lien Secured Parties of the Series with respect to which it is acting in such capacity. 

         In consideration of the mutual agreements herein contained and other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the Collateral Agent (for itself and on behalf of the Credit Agreement Secured Parties), the Initial Additional Authorized Representative (for itself and on behalf of the
Initial Additional Senior Lien Secured Parties) and each additional Authorized Representative (for itself and on behalf of the Additional Senior Lien Secured Parties of the applicable Series) agree as follows: 

ARTICLE I 
 DEFINITIONS 

SECTION 1.01.                    
Certain Defined Terms. 
          Capitalized terms used but not otherwise defined herein
have the meanings set forth in the Credit Agreement, the Senior Lien Collateral Documents, the Senior Lien Guaranties or, if defined in the UCC and not otherwise defined herein, the meanings specified therein. As used in this Agreement, the
following terms have the meanings specified below: 
          “Additional Senior Lien
Documents” means, with respect to any Series of Additional Senior Lien Obligations, the notes, indentures, security documents and other operative agreements evidencing or governing such Indebtedness, including the Initial Additional Senior
Lien Documents and each other agreement entered into for the purpose of securing any Series of Additional Senior Lien Obligations. 

         “Additional Senior Lien Obligations” means, with respect to any Series of
Additional Senior Lien Obligations, all amounts owing to the applicable Additional Senior Lien Secured Parties (including the Initial Additional Senior Lien Secured Party) pursuant to the terms 

 
of any Additional Senior Lien Document (including the Initial Additional Senior Lien Agreement) including, without limitation, (a) all amounts in respect of any principal, premium, interest
(including any interest and fees accruing subsequent to the commencement of an Insolvency or Liquidation Proceeding at the rate provided for in the respective Additional Senior Lien Documents, whether or not such interest or fees are allowed claims
under any such proceeding or under applicable state, federal or foreign law), penalties, fees, expenses, indemnifications, reimbursements, damages and other liabilities, and guarantees of the foregoing amounts, (b) all other amounts payable to
such Additional Senior Lien Secured Parties under the related Additional Senior Lien Documents and (c) any renewals or extensions of the foregoing. 

         “Additional Senior Lien Secured Party” means the holders of any Additional
Senior Lien Obligations and any Authorized Representative with respect thereto and shall include the Initial Additional Senior Lien Secured Parties. 

         “Additional Senior Lien Collateral Documents” means, with respect to any
Series of Additional Senior Lien Obligations, any security agreements or any other documents now existing or entered into after the date hereof that create Liens on any assets or properties of any Grantor to secure such Additional Senior Lien
Obligations. 
          “Agreement” has the meaning assigned to such term in the
introductory paragraph of this Agreement. 
          “Applicable Authorized
Representative” means, with respect to any Shared Collateral, (i) until the earlier of (x) the Discharge of Credit Agreement Obligations and (y) the Non-Controlling Authorized
Representative Enforcement Date, the Collateral Agent and (ii) from and after the earlier of (x) the Discharge of Credit Agreement Obligations and (y) the Non-Controlling Authorized
Representative Enforcement Date, the Major Non-Controlling Authorized Representative. 

         “Authorized Representative” means (i) in the case of any Credit
Agreement Obligations or the Credit Agreement Secured Parties, the Collateral Agent, (ii) in the case of the Initial Additional Senior Lien Obligations or the Initial Additional Senior Lien Secured Parties, the Initial Additional Authorized
Representative and (iii) in the case of any Series of Additional Senior Lien Obligations or Additional Senior Lien Secured Parties that become subject to this Agreement after the date hereof, the Authorized Representative named for such Series
in the applicable Joinder Agreement. 
          “Bankruptcy Case” has the meaning
assigned to such term in Section 2.05(b). 
          “Bankruptcy Code” means
Title 11 of the United States Code. 
          “Borrowers” has the meaning
assigned to such term in the introductory paragraph to this Agreement. 

  
 2 

          “Collateral” means all
assets and properties subject to or purported to be subject to Liens created pursuant to any Senior Lien Collateral Document to secure one or more Series of Senior Lien Obligations. 

         “Collateral Agent” has the meaning assigned to such term in the
introductory paragraph of this Agreement and shall include any successors thereto as provided in Section 8.9 of the Senior Lien Credit Agreement or such similar provision of any Replacement Credit Agreement. 

         “Control Collateral” means any Shared Collateral that is a Deposit Account,
Security, Securities Account, Securities Entitlement, Commodities Account and that is in the “control” of any Authorized Representative (or its agents or bailees), to the extent that “control” thereof perfects a Lien thereon
under the Uniform Commercial Code of any jurisdiction. 
          “Controlling Secured
Parties” means, with respect to any Shared Collateral, the Series of Senior Lien Secured Parties whose Authorized Representative is the Applicable Authorized Representative for such Shared Collateral. 

         “Credit Agreement” means (i) that certain Credit Agreement (the
“Senior Lien Credit Agreement”) dated as of August 16, 2018, among the Borrowers, Coöperatieve Rabobank U.A., New York Branch, as an issuing bank and as administrative agent for the Term A Lenders (as defined therein) and
Revolving Credit Lenders (as defined therein), Jefferies Finance LLC, as administrative agent for the Term B Lenders (as defined therein) and the other parties thereto, and (ii) any Replacement Credit Agreement. 

         “Credit Agreement Obligations” means, with respect to the Senior Lien
Credit Agreement, the “Obligations” as defined in the Credit Agreement and, with respect to any Replacement Credit Agreement, all amounts owing by any grantor pursuant to the terms of the Replacement Credit Agreement, including, without
limitation, all amounts in respect of any principal, premium, interest (including any interest and fees accruing subsequent to the commencement of an Insolvency or Liquidation Proceeding at the rate provided for in the Replacement Credit Agreement,
whether or not such interest or fees are allowed claims under any such proceeding or under applicable state, federal or foreign law), penalties, fees, expenses, indemnifications, reimbursements, damages and other liabilities, and guarantees of the
foregoing amounts pursuant to such Replacement Credit Agreement. 
          “Credit
Agreement Secured Parties” means, with respect to the Senior Lien Credit Agreement, the “Secured Parties” as defined in the Credit Agreement and, with respect to a Replacement Credit Agreement, any holders of Credit Agreement
Obligations. 
          “Credit Agreement Collateral Documents” means the Senior
Lien Guaranties, any Senior/Junior Intercreditor Agreement, the other Collateral Documents (as defined in the Credit Agreement) and each other agreement entered into in favor of the Collateral Agent for the purpose of securing any Credit Agreement
Obligations. 

  
 3 

          “Debtor Relief Laws”
means the Bankruptcy Code, and other liquidation, conservatorship, bankruptcy, general assignment for the benefit of creditors, moratorium, rearrangement, receivership, insolvency, reorganization, compromise, arrangement or similar debtor relief
laws of the United States or other applicable jurisdictions from time to time in effect and affecting the rights of creditors generally, and including the statutory arrangement provisions of any corporations statute having similar effect. 

         “DIP Financing” has the meaning assigned to such term in
Section 2.05(b). 
          “DIP Financing Liens” has the meaning assigned
to such term in Section 2.05(b). 
          “DIP Lenders” has the meaning
assigned to such term in Section 2.05(b). 
          “Discharge” means,
except to the extent otherwise provided in Section 2.06 and 2.08 hereof, with respect to any Shared Collateral and any Series of Senior Lien Obligations, the date on which such Series of Senior Lien Obligations is no longer secured by, or
required to be secured by, such Shared Collateral. The term “Discharged” shall have a corresponding meaning. 

         “Discharge of Credit Agreement Obligations” means, except to the extent
otherwise provided in Section 2.06 and 2.08 hereof, with respect to any Shared Collateral, the Discharge of the Credit Agreement Obligations with respect to such Shared Collateral; provided that the Discharge of Credit Agreement
Obligations shall not be deemed to have occurred in connection with a Refinancing of such Credit Agreement Obligations with additional Senior Lien Obligations secured by such Shared Collateral under a Replacement Credit Agreement or the Senior Lien
Collateral Documents related thereto. 
          “Event of Default” means an
“Event of Default” as defined in any Secured Credit Document. 
         
“Grantors” means the Borrowers and each Guarantor which has granted a security interest pursuant to any Senior Lien Collateral Document to secure any Series of Senior Lien Obligations. 

         “Guarantors” means the “Guarantors” as defined in the Senior Lien
Guaranties. 
          “Impairment” has the meaning assigned to such term in
Section 1.03. 
          “Initial Additional Authorized Representative” has
the meaning assigned to such term in the introductory paragraph to this Agreement. 

         “Initial Additional Senior Lien Agreement” means that certain
[[Indenture/Loan Agreement] dated as of [ ], 20[ ], among the Borrowers, [the Guarantors 

  
 4 

 
identified therein,] [    ], as [trustee/agent], and the Initial Additional Authorized Representative, as [paying agent, registrar and transfer agent]]. 

         “Initial Additional Senior Lien Documents” means the Initial Additional
Senior Lien Agreement and any notes, security documents and other operative agreements evidencing or governing the Indebtedness thereunder, and the Liens securing such Indebtedness, including any agreement entered into for the purpose of securing
the Initial Additional Senior Lien Obligations. 
          “Initial Additional Senior Lien
Obligations” means the Additional Senior Lien Obligations pursuant to the Initial Additional Senior Lien Documents. 

         “Initial Additional Senior Lien Secured Parties” means the holders of
any Initial Additional Senior Lien Obligations and the Initial Additional Authorized Representative. 
 “Initial Senior Lien
Documents” means the “Loan Documents” (as defined in the Senior Lien Credit Agreement). 

         “Insolvency or Liquidation Proceeding” means: 

(i)        any case commenced by or against the Borrowers or any other Grantor under any
Debtor Relief Laws, any other proceeding for the reorganization, recapitalization or adjustment or marshalling of the assets or liabilities of the Borrowers or any other Grantor, any receivership or assignment for the benefit of creditors relating
to the Borrowers or any other Grantor or any similar case or proceeding relative to any Borrowers or any other Grantor or its creditors, as such, in each case whether or not voluntary; 

(ii)        any liquidation, dissolution, marshalling of assets or liabilities,
administration or other winding up of or relating to the Borrowers or any other Grantor, in each case whether or not voluntary and whether or not involving bankruptcy or insolvency; or 

(iii)        any other proceeding of any type or nature in which substantially all claims
of creditors of the Borrowers or any other Grantor are determined and any payment or distribution is or may be made on account of such claims. 

         “Intervening Creditor” shall have the meaning assigned to such term in
Section 2.01(a). 
          “Joinder Agreement” means a supplement to this
Agreement in the form of Exhibit I hereof. 
          “Major Non-Controlling Authorized Representative” means, with respect to any Shared Collateral, the Authorized Representative of the Series of Additional Senior Lien Obligations that constitutes the largest
outstanding principal amount of any then outstanding 

  
 5 

 
Series of Senior Lien Obligations (other than Credit Agreement Obligations) with respect to such Shared Collateral. 

         “Non-Controlling Authorized
Representative” means, at any time with respect to any Shared Collateral, any Authorized Representative that is not the Applicable Authorized Representative at such time with respect to such Shared Collateral. 

         “Non-Controlling Authorized Representative
Enforcement Date” means, with respect to any Non-Controlling Authorized Representative, the date which is 150 days (throughout which 150 day period such
Non-Controlling Authorized Representative was the Major Non-Controlling Authorized Representative) after the occurrence of both (i) an Event of Default (under and
as defined in the Additional Senior Lien Document under which such Non-Controlling Authorized Representative is the Authorized Representative) and (ii) the Applicable Authorized Representative’s and
each other Authorized Representative’s receipt of written notice from such Non-Controlling Authorized Representative certifying that (x) such Non-Controlling
Authorized Representative is the Major Non-Controlling Authorized Representative and that an Event of Default (under and as defined in the Additional Senior Lien Document under which such Non-Controlling Authorized Representative is the Authorized Representative) has occurred and is continuing and (y) the Senior Lien Obligations of the Series with respect to which such Non-Controlling Authorized Representative is the Authorized Representative are currently due and payable in full (whether as a result of acceleration thereof or otherwise) in accordance with the terms of the
applicable Additional Senior Lien Document; provided that the Non-Controlling Authorized Representative Enforcement Date shall be stayed and shall not occur and shall be deemed not to have occurred with
respect to any Shared Collateral (1) at any time the Applicable Authorized Representative has commenced and is diligently pursuing any enforcement action with respect to a material portion of the Shared Collateral or (2) at any time the
Grantor which has granted a security interest in such Shared Collateral is then a debtor under or with respect to (or otherwise subject to) any Insolvency or Liquidation Proceeding. 

         “Non-Controlling Secured Parties”
means, with respect to any Shared Collateral, the Senior Lien Secured Parties which are not Controlling Secured Parties with respect to such Shared Collateral. 

         “Possessory Collateral” means any Shared Collateral in the possession of an
Authorized Representative (or its agents or bailees), to the extent that possession thereof perfects a Lien thereon under the Uniform Commercial Code of any jurisdiction. Possessory Collateral includes, without limitation, any Certificated
Securities, promissory notes, chattel paper and Instruments, in each case, delivered to or in the possession of an Authorized Representative under the terms of the Senior Lien Collateral Documents. 

         “Proceeds” has the meaning assigned to such term in Section 2.01
hereof. 
          “Refinance” means, in respect of any indebtedness, to
refinance, extend, renew, defease, amend, increase, modify, supplement, restructure, refund, replace or repay, or to issue other indebtedness or enter alternative financing arrangements, in exchange or replacement for such indebtedness (in whole or
in part), including by adding or replacing lenders, creditors, agents, Borrowers and/or guarantors, and including in each case, but not limited to, after the 

  
 6 

 
original instrument giving rise to such indebtedness has been terminated and including, in each case, through any credit agreement, indenture or other agreement. “Refinanced” and
“Refinancing” have correlative meanings. 
          “Replacement Credit
Agreement” means any credit agreement, indenture, notes or other issuance of indebtedness that Refinances in whole the then extant Credit Agreement on the terms set forth in Section 2.08 and Parent designates such credit agreement,
indenture or other related agreement as the “Credit Agreement” hereunder. 
         
“Secured Credit Document” means (i) the Credit Agreement and each Loan Document (as defined in the Credit Agreement), (ii) each Initial Additional Senior Lien Document and (iii) each Additional Senior Lien Document.

          “Senior Class Debt” shall have the meaning assigned
to such term in Section 5.13. 
          “Senior Class Debt
Parties” shall have the meaning assigned to such term in Section 5.13. 
         
“Senior Class Debt Representative” shall have the meaning assigned to such term in Section 5.13. 

         “Senior Lien” means the Liens on the Collateral in favor of the Senior Lien
Secured Parties under the Senior Lien Collateral Documents. 
          “Senior Lien
Collateral Documents” means, collectively, (a) the Credit Agreement Security Documents, (b) the Additional Senior Lien Collateral Documents and (c) any Senior/Junior Intercreditor Agreement. 

         “Senior Lien Credit Agreement” shall have the meaning assigned to such term
in the definition of “Credit Agreement”. 
 “Senior Lien Guarantors” means the collective reference to
(a) Parent, and each Subsidiary of Parent that is party to a Senior Lien Guaranty, other than any Excluded Subsidiary, and (b) any other Person that becomes a guarantor under any Senior Lien Guaranty. 

         “Senior Lien Guaranty” means one or more guaranties, each dated as of
[ 🌑 ], 2018, wherein the Senior Lien Guarantors have agreed to guarantee, inter alia, the payment and performance of the Borrowers’s under the Initial Senior Lien Documents and also includes
any other guaranty made by a Senior Lien Guarantor guaranteeing, inter alia, the payment and performance of any Senior Lien Obligations. 

         “Senior Lien Obligations” means, collectively, (i) the Credit
Agreement Obligations and (ii) each Series of Additional Senior Lien Obligations. 
         
“Senior Lien Recovery” has the meaning assigned to such term in Section 2.06. 

  
 7 

          “Senior Lien
Secured Parties” means (a) the Credit Agreement Secured Parties and (ii) the Additional Senior Lien Secured Parties with respect to each Series of Additional Senior Lien Obligations. 

         “Senior/Junior Intercreditor Agreement” means the
“Senior/Junior Intercreditor Agreement”, if any, as defined in the Senior Lien Credit Agreement. 

         “Series” means (a) with respect to the Senior Lien
Secured Parties, each of (i) the Credit Agreement Secured Parties (in their capacities as such), (ii) the Initial Additional Senior Lien Secured Parties (in their capacity as such) and (iii) the Additional Senior Lien Secured Parties
that become subject to this Agreement after the date hereof that are represented by a common Authorized Representative (in its capacity as such for such Additional Senior Lien Secured Parties) and (b) with respect to any Senior Lien
Obligations, each of (i) the Credit Agreement Obligations, (ii) the Initial Additional Senior Lien Obligations and (iii) the Additional Senior Lien Obligations incurred pursuant to any Additional Senior Lien Document, which pursuant
to any Joinder Agreement, are to be represented hereunder by a common Authorized Representative (in its capacity as such for such Additional Senior Lien Obligations). 

         “Shared Collateral” means, at any time, Collateral in which
the holders of two or more Series of Senior Lien Obligations (or their respective Authorized Representatives) hold a valid and perfected security interest at such time; provided that, for the avoidance of doubt, amounts deposited under any
Additional Senior Lien Documents to discharge or defease the notes issued under the Additional Senior Lien Documents shall not be deemed to be Shared Collateral so long as such discharge or defeasance is permitted under each then extant Secured
Credit Document. If more than two Series of Senior Lien Obligations are outstanding at any time and the holders of less than all Series of Senior Lien Obligations hold, or are required to hold pursuant to the applicable Secured Credit Documents, a
valid and perfected security interest in any Collateral at such time, then such Collateral shall constitute Shared Collateral for those Series of Senior Lien Obligations that hold, or are required to hold pursuant to the applicable Secured Credit
Documents, a valid security interest in such Collateral at such time and shall not constitute Shared Collateral for any Series which does not have, or are not required to have pursuant to the applicable Secured Credit Documents, a valid and
perfected security interest in such Collateral at such time. 
         
“UCC” means the Uniform Commercial Code as in effect from time to time in effect in the State of New York; provided that if, by reason of mandatory provisions of law, perfection or the effect of perfection or non-perfection or the priority of a security interest in any Collateral or the availability of any remedy hereunder is governed by the Uniform Commercial Code as in effect in a jurisdiction other than New York,
“Uniform Commercial Code” means the Uniform Commercial Code as in effect in such other jurisdiction for purposes of the provisions hereof relating to such perfection or effect of perfection or
non-perfection or priority or availability of such remedy, as the case may be. 

SECTION
1.02.                     Terms Generally. The definitions of terms herein shall apply equally to the singular and plural forms of the terms
defined. Whenever the context may require, any pronoun shall include the corresponding masculine, feminine and neuter forms. The words “include”, “includes” and “including” shall be deemed to be followed by the phrase
“without 

  
 8 

 
limitation”. The word “will” shall be construed to have the same meaning and effect as the word “shall”. Unless the context requires otherwise, (i) any definition of
or reference to any agreement, instrument, other document, statute or regulation herein shall be construed as referring to such agreement, instrument, other document, statute or regulation as from time to time amended, supplemented or otherwise
modified (subject to any restrictions on such amendments, supplements and modifications set forth herein), (ii) any reference herein to any Person shall be construed to include such Person’s successors and assigns, but shall not be deemed
to include the subsidiaries of such Person unless express reference is made to such subsidiaries, (iii) the words “herein”, “hereof” and “hereunder”, and words of similar import, shall be construed to refer to this
Agreement in its entirety and not to any particular provision hereof, (iv) all references herein to Articles, Sections and Exhibits shall be construed to refer to Articles, Sections and Exhibits of this Agreement, (v) unless otherwise
expressly qualified herein, the words “asset” and “property” shall be construed to have the same meaning and effect and to refer to any and all tangible and intangible assets and properties, including cash, securities, accounts
and contract rights and (vi) the term “or” is not exclusive. 
 SECTION
1.03.                     Impairments. It is the intention of the Senior Lien Secured Parties of each Series that the holders of Senior Lien
Obligations of such Series (and not the Senior Lien Secured Parties of any other Series) bear the risk of (i) any determination by a court of competent jurisdiction that (x) any of the Senior Lien Obligations of such Series are
unenforceable under applicable law or are subordinated to any other obligations (other than another Series of Senior Lien Obligations), (y) any of the Senior Lien Obligations of such Series does not have a valid and perfected security interest in
any of the Collateral securing any other Series of Senior Lien Obligations and/or (z) any intervening security interest exists securing any other obligations (other than another Series of Senior Lien Obligations) on a basis ranking prior to the
security interest of such Series of Senior Lien Obligations but junior to the security interest of any other Series of Senior Lien Obligations or (ii) the existence of any Collateral for any other Series of Senior Lien Obligations that is not
Shared Collateral (any such condition referred to in the foregoing clauses (i) or (ii) with respect to any Series of Senior Lien Obligations, an “Impairment” of such Series). In the event of any Impairment with respect to
any Series of Senior Lien Obligations, the results of such Impairment shall be borne solely by the holders of such Series of Senior Lien Obligations, and the rights of the holders of such Series of Senior Lien Obligations (including, without
limitation, the right to receive distributions in respect of such Series of Senior Lien Obligations pursuant to Section 2.01) set forth herein shall be modified to the extent necessary so that the effects of such Impairment are borne solely by
the holders of the Series of such Senior Lien Obligations subject to such Impairment. Additionally, in the event the Senior Lien Obligations of any Series are modified pursuant to applicable law (including, without limitation, pursuant to
Section 1129 of the Bankruptcy Code), any reference to such Senior Lien Obligations or the Senior Lien Documents governing such Senior Lien Obligations shall refer to such obligations or such documents as so modified. 

ARTICLE II 
 PRIORITIES
AND AGREEMENTS WITH RESPECT TO SHARED COLLATERAL 
 SECTION
2.01.                     Priority of Claims. (a) Anything contained herein or in any of the Secured Credit Documents to the contrary
notwithstanding, and notwithstanding the date, 

  
 9 

 
time, method, manner or order of grant, attachment or perfection of any Liens securing any Series of Senior Lien Obligations granted on the Shared Collateral or the existence of any intervening
third party Liens and notwithstanding any provisions of the Uniform Commercial Code of any jurisdictions, any applicable real estate laws, or any other circumstance whatsoever (but subject to Section 1.03), if an Event of Default has occurred
and is continuing, and (i) the Applicable Authorized Representative or any Senior Lien Secured Party is taking action to enforce rights in respect of any Shared Collateral, (ii) any distribution is made in respect of any Shared Collateral
in any Bankruptcy Case or other Insolvency or Liquidation Proceeding of any Borrowers or any other Grantor or (iii) any Senior Lien Secured Party receives any payment pursuant to any Senior/Junior Intercreditor Agreement or any other
intercreditor agreement (other than this Agreement) with respect to any Shared Collateral, the proceeds of any sale, collection or other liquidation of any such Shared Collateral (including any amount paid under any title insurance policy or any
insurance policy or in connection with any condemnation or eminent domain proceeding) by any Senior Lien Secured Party or received by the Applicable Authorized Representative or any Senior Lien Secured Party pursuant to any such intercreditor
agreement with respect to such Shared Collateral (including any amount paid under any title insurance policy) and proceeds of any such distribution (subject, in the case of any such distribution, to the sentence immediately following) to which any
Senior Lien Secured Parties are entitled under any intercreditor agreement (other than this Agreement) (all proceeds of any sale, collection or other liquidation of any Collateral and all proceeds of any such distribution being collectively referred
to as “Proceeds”) shall be applied: 
 (i)       FIRST, to the payment of all
amounts owing to each Authorized Representative (in its capacity as such) pursuant to the terms of any Secured Credit Document; 

(ii)       SECOND, subject to Section 1.03, to the payment in full of the Senior Lien
Obligations of each Series on a ratable basis in accordance with the terms of the applicable Secured Credit Documents and 

(iii)       THIRD, after payment of all Senior Lien Obligations, to whosoever may be lawfully
entitled to receive the same pursuant to any Senior/Junior Intercreditor Agreement, or otherwise, or as a court of competent jurisdiction may direct. 

Notwithstanding the foregoing, with respect to any Shared Collateral for which a third party (other than a Senior Lien Secured Party) has a
Lien or security interest that is junior in priority to the security interest of any Series of Senior Lien Obligations, but senior (as determined by appropriate legal proceedings in the case of any dispute) to the security interest of any other
Series of Senior Lien Obligations (such third party an “Intervening Creditor”), the value of any Shared Collateral or Proceeds which are allocated to such Intervening Creditor shall be deducted on a ratable basis solely from the
Shared Collateral or Proceeds to be distributed in respect of the Series of Senior Lien Obligations with respect to which such Impairment exists. 

(b)       It is acknowledged that the Senior Lien Obligations of any Series may, subject to the
limitations set forth in the then extant Secured Credit Documents, be increased, extended, renewed, replaced, restated, supplemented, restructured, repaid, refunded, Refinanced 

  
 10 

 
in accordance with Section 2.08 or otherwise amended or modified from time to time, all without affecting the priorities set forth in Section 2.01(a) or the provisions of this Agreement
defining the relative rights of the Senior Lien Secured Parties of any Series. 
 (c)      
Notwithstanding the date, time, method, manner or order of grant, attachment or perfection of any Liens securing any Series of Senior Lien Obligations granted on the Shared Collateral and notwithstanding any provision of the Uniform Commercial
Code of any jurisdiction, any applicable real estate laws, or any other applicable law or the Secured Credit Documents or any defect or deficiencies in the Liens securing the Senior Lien Obligations of any Series or any other circumstance whatsoever
(but, in each case, subject to Section 1.03), each Senior Lien Secured Party hereby agrees that the Liens securing each Series of Senior Lien Obligations on any Shared Collateral shall be of equal priority. 

SECTION 2.02.                    
Actions with Respect to Shared Collateral; Prohibition on Contesting Liens. (a) With respect to any Shared Collateral, (i) only the Applicable Authorized Representative shall act or refrain from acting with respect to the Shared
Collateral (including with respect to any Senior/Junior Intercreditor Agreement or any other intercreditor agreement with respect to any Shared Collateral), (ii) the Applicable Authorized Representative shall not be required to follow any
instructions with respect to such Shared Collateral (including with respect to any Senior/Junior Intercreditor Agreement or any other intercreditor agreement with respect to any Shared Collateral) from any
Non-Controlling Authorized Representative (or any other Senior Lien Secured Party other than the Controlling Secured Parties) and (iii) no Non-Controlling
Authorized Representative or other Senior Lien Secured Party (other than the Controlling Secured Parties) shall, or shall instruct the Applicable Authorized Representative to, commence any judicial or
non-judicial foreclosure proceedings with respect to, seek to have a trustee, receiver, liquidator, administrator or similar official appointed for or over, attempt any action to take possession of, exercise
any right, remedy or power with respect to, or otherwise take any action to enforce its security interest in or realize upon, or take any other action available to it in respect of, any Shared Collateral (including with respect to any Senior/Junior
Intercreditor Agreement or any other intercreditor agreement with respect to any Shared Collateral), whether under any Senior Lien Collateral Document, applicable law or otherwise, it being agreed that only the Applicable Authorized Representative,
acting on the instructions of the Controlling Secured Parties, if applicable, and in accordance with the applicable Senior Lien Collateral Documents, shall be entitled to take any such actions or exercise any such remedies with respect to Shared
Collateral (and each Non-Controlling Authorized Representative and Non-Controlling Secured Parties shall be deemed to have waived any right, power, or remedy, whether
under any agreement or any applicable law (including in equity) to the contrary). Notwithstanding the equal priority of the Liens, the Applicable Authorized Representative (acting on the instructions of the Controlling Secured Parties) may deal with
the Shared Collateral as if such Applicable Authorized Representative had a senior Lien on such Collateral. No Non-Controlling Authorized Representative or
Non-Controlling Secured Party will (and each Non-Controlling Authorized Representative and Non-Controlling Secured Party shall be
deemed to have waived any right to) contest, protest or object to any foreclosure proceeding or action brought by the Collateral Agent, the Applicable Authorized Representative or Controlling Secured Party or any other exercise by the Collateral
Agent, Applicable Authorized Representative or Controlling Secured Party of any rights and remedies (including any non-judicial foreclosure) relating to the Shared Collateral, or to cause the Applicable
Authorized 

  
 11 

 
Representative to do so on any ground, including in the case of non-judicial foreclosure of any personal property collateral, that such foreclosure will
not result in a commercially reasonable disposition of the Collateral. The foregoing shall not be construed to limit the rights and priorities of any Senior Lien Secured Party, Collateral Agent or other Authorized Representative with respect to any
Collateral not constituting Shared Collateral. 
 (b)       Each of the Authorized Representatives
agrees that it will not accept any Lien on any collateral for the benefit of any Series of Senior Lien Obligations (other than funds deposited for the discharge or defeasance of any Additional Senior Lien Document) other than as permitted by the
Senior Lien Collateral Documents and by executing this Agreement (or a Joinder Agreement), each Authorized Representative and the Series of Senior Lien Secured Parties for which it is acting hereunder agree to be bound by the provisions of this
Agreement and the other Senior Lien Collateral Documents applicable to it. 
 (c)       Each of the
Senior Lien Secured Parties agrees that it will not (and hereby waives any right to) question or contest or support any other Person in contesting, in any proceeding (including any Insolvency or Liquidation Proceeding), the perfection, priority,
validity, attachment or enforceability of a Lien held by or on behalf of any of the Senior Lien Secured Parties in all or any part of the Collateral, or the provisions of this Agreement; provided that nothing in this Agreement shall be
construed to prevent or impair the rights of any of the Collateral Agent or any Authorized Representative to enforce this Agreement. 

SECTION 2.03.                     No
Interference; Payment Over. (a) Each Senior Lien Secured Party agrees that (i) it will not (and shall be deemed to have waived any right to) challenge, contest, or question, or support any other Person in challenging, contesting, or
questioning, in any proceeding (including any Insolvency or Liquidation Proceeding) the validity or enforceability of any Senior Lien Obligations of any Series or any Senior Lien Collateral Document or the validity, attachment, perfection or
priority of any Lien under any Senior Lien Collateral Document or the validity or enforceability of the priorities, rights or duties established by or other provisions of this Agreement, (ii) it will not take or cause to be taken any action the
purpose or intent of which is, or could be, to interfere, hinder or delay, in any manner, whether by judicial proceedings or otherwise, any sale, transfer or other disposition of the Shared Collateral by the Applicable Authorized Representative,
(iii) except as provided in Section 2.02, it shall have no right to (A) direct the Applicable Authorized Representative or any other Senior Lien Secured Party to exercise any right, remedy or power with respect to any Shared
Collateral (including pursuant to any Senior/Junior Intercreditor Agreement, or any other intercreditor agreement with respect to any Shared Collateral) or (B) consent to the exercise by the Applicable Authorized Representative or any other
Senior Lien Secured Party of any right, remedy or power with respect to any Shared Collateral, (iv) it will not institute any suit or assert in any suit, bankruptcy, insolvency or other proceeding any claim against the Applicable Authorized
Representative or any other Senior Lien Secured Party seeking damages from or other relief by way of specific performance, instructions or otherwise with respect to any Shared Collateral, and none of the Applicable Authorized Representative or any
other Controlling Secured Party shall be liable for any action taken or omitted to be taken by such Applicable Authorized Representative or other Controlling Secured Party with respect to any Shared Collateral in accordance with the provisions of
this Agreement, (v) it will not seek, and hereby waives any right, to have any Shared Collateral or any part thereof marshaled upon any foreclosure or other 

  
 12 

 
disposition of such Collateral and (vi) it will not attempt, directly or indirectly, whether by judicial proceedings or otherwise, to challenge the enforceability of any provision of this
Agreement; provided that nothing in this Agreement shall be construed to prevent or impair the rights of any of the Applicable Authorized Representative or any other Controlling Secured Party to enforce this Agreement. 

(b)       Each Senior Lien Secured Party hereby agrees that if it shall obtain possession of any Shared
Collateral or shall realize any proceeds or payment in respect of any such Shared Collateral, pursuant to any Senior Lien Collateral Document or by the exercise of any rights available to it under applicable law or in any Insolvency or Liquidation
Proceeding or through any other exercise of remedies (including pursuant to any Senior/Junior Intercreditor Agreement or any other intercreditor agreement with respect to any Shared Collateral), at any time prior to the Discharge of each Series of
the Senior Lien Obligations, then it shall hold such Shared Collateral, proceeds or payment in trust for the other Senior Lien Secured Parties and promptly transfer such Shared Collateral, proceeds or payment, as the case may be, to the Applicable
Authorized Representative, to be distributed in accordance with the provisions of Section 2.01(a) hereof. 
 SECTION
2.04.                     Automatic Release of Liens; Amendments to Senior Lien Collateral Documents. (a) If, at any time, (i) the
Borrowers or any other Grantor delivers notice to the Authorized Representatives that any Shared Collateral is sold, transferred or otherwise disposed of (including for such purpose, in the case of the sale of equity interests in any subsidiary, any
Shared Collateral held by such subsidiary or any direct or indirect subsidiary thereof) or any other release of Shared Collateral has occurred under and as permitted by the Senior Lien Credit Agreement and each Additional Senior Lien Documents, or
(ii) the Applicable Authorized Representative forecloses upon or otherwise exercises remedies against any Shared Collateral resulting in a sale or disposition thereof, then (whether or not any Insolvency or Liquidation Proceeding is pending at
the time) the Liens in favor of the other Authorized Representatives (and the guaranty granted by any Guarantor that, as a result of such sale or disposition, is no longer a Subsidiary of the Borrowers), for the benefit of each Series of Senior Lien
Secured Parties, upon such Shared Collateral will automatically be released and discharged; provided that any proceeds of any Shared Collateral realized therefrom shall be applied pursuant to Section 2.01(a) hereof. 

(b)       Each Non-Controlling Authorized Representative agrees,
on behalf of itself and its respective Non-Controlling Secured Parties, that it will not oppose any sale consented to by the Applicable Authorized Representative of any Shared Collateral pursuant to
Section 363(f) of the Bankruptcy Code (or any similar provision under the law applicable to any Insolvency or Liquidation Proceeding or under a court order in respect of measures granted with similar effect under any foreign Debtor Relief
Laws); provided that any proceeds of any Shared Collateral realized therefrom shall be applied pursuant to Section 2.01(a) hereof. 

(c)       If, at any time the Applicable Authorized Representative (i) executes, on commercial
terms, subordination, non-disturbance, attornment and estoppel agreements with tenants in properties owned or leased by Parent and the Restricted Subsidiaries, then each other Authorized Representative shall,
upon written request and at the expense of the Borrowers, promptly subordinate its Lien in such Shared Collateral or enter into non-disturbance, attornment 

  
 13 

 
and estoppel agreements on the same terms and pursuant to the documents substantially in the same form as the documents executed by the Applicable Authorized Representative in connection
therewith. Each Senior Lien Secured Party agrees that if the Applicable Authorized Representative enters into any amendment to any Senior Lien Collateral Document relating to the Series of Senior Lien Obligations for which the Applicable Authorized
Representative is acting, the Borrowers may require each other Authorized Representative to enter into corresponding amendments to the Senior Lien Collateral Documents governing the Series of Senior Lien Obligations for which such Authorized
Representative is acting so long as (w) the effect of such amendments are consistent with the effect to the Senior Lien Collateral Documents for the Series of Senior Lien Obligations for which the Applicable Authorized Representative is acting,
(y) the effect of such amendment is not to release or subordinate the Liens securing such Series of Senior Lien Obligations and is otherwise not adverse to the holders of such Series of Senior Lien Obligations (except to the extent already
permitted by the Secured Credit Documents governing such Series of Senior Lien Obligations) and (z) the Borrowers deliver a certificate of an executive officer of the Borrowers to such Authorized Representative stating that the requirements of
this sentence have been satisfied. 
 (d)       Each Authorized Representative agrees to execute and
deliver (at the sole cost and expense of the Grantors) all such authorizations, lien releases, terminations and other instruments and to return to the Grantors any possessory collateral as shall reasonably be requested by the Applicable Authorized
Representative to evidence and confirm any release of Shared Collateral or amendment to any Senior Lien Collateral Document provided for in this Section. 

SECTION 2.05.                    
Certain Agreements with Respect to Bankruptcy or Insolvency Proceedings. (a) This Agreement shall continue in full force and effect notwithstanding the commencement of any proceeding under the Bankruptcy Code or any other Federal, state or
foreign bankruptcy, insolvency, receivership or similar law by or against Parent or any of its Subsidiaries. 

(b)       If the Borrowers and/or any of the Grantors shall become subject to a case (a
“Bankruptcy Case”) under the Bankruptcy Code and shall, as debtor(s)-in-possession, move for approval of financing (or any similar provision of any
foreign Debtor Relief Laws or under a court order in respect of measures granted with similar effect under any foreign Debtor Relief Laws) (“DIP Financing”) to be provided by one or more lenders (the “DIP Lenders”)
under Section 364 of the Bankruptcy Code or any equivalent provision of any other Debtor Relief Laws or the use of cash collateral under Section 363 of the Bankruptcy Code or any equivalent provision of any other Debtor Relief Laws, each
Senior Lien Secured Party agrees that it will raise no objection and shall be deemed to have consented to any such financing or to the Liens on the Shared Collateral securing the same (“DIP Financing Liens”) or to any use of cash
collateral that constitutes Shared Collateral, unless any Controlling Secured Party, or an Authorized Representative of any Controlling Secured Party, shall then oppose or object to such DIP Financing or such DIP Financing Liens or use of cash
collateral (and (i) to the extent that such DIP Financing Liens are senior to the Liens on any such Shared Collateral for the benefit of the Controlling Secured Parties, each Non-Controlling Secured Party
will subordinate its Liens with respect to such Shared Collateral on the same terms as the Liens of the Controlling Secured Parties (other than any Liens of any Senior Lien Secured Parties constituting DIP Financing

  
 14 

 
Liens) are subordinated thereto, and (ii) to the extent that such DIP Financing Liens rank pari passu with the Liens on any such Shared Collateral granted to secure the Senior Lien
Obligations of the Controlling Secured Parties, each Non-Controlling Secured Party will confirm the priorities with respect to such Shared Collateral as set forth herein), in each case so long as (A) the
Senior Lien Secured Parties of each Series retain the benefit of their Liens on all such Shared Collateral pledged to the DIP Lenders, including proceeds thereof arising after the commencement of such proceeding, with the same priority vis-a-vis all the other Senior Lien Secured Parties (other than any Liens of the Senior Lien Secured Parties constituting DIP Financing Liens) as existed prior to the
commencement of the Bankruptcy Case, (B) the Senior Lien Secured Parties of each Series are granted Liens on any additional collateral pledged to any Senior Lien Secured Parties as adequate protection or otherwise in connection with such DIP
Financing or use of cash collateral, with the same priority vis-a-vis the Senior Lien Secured Parties as set forth in this Agreement (other than any Liens of the Senior
Lien Secured Parties constituting DIP Financing Liens), (C) if any amount of such DIP Financing or cash collateral is applied to repay any of the Senior Lien Obligations, such amount is applied pursuant to Section 2.01(a) of this
Agreement, and (D) if any Senior Lien Secured Parties are granted adequate protection with respect to the Senior Lien Obligations held by such Senior Lien Secured Parties, including in the form of periodic payments, in connection with such DIP
Financing or use of cash collateral, the proceeds of such adequate protection are applied pursuant to Section 2.01(a) of this Agreement; provided that the Senior Lien Secured Parties of each Series shall have a right to object to the
grant of a Lien to secure the DIP Financing over any Collateral subject to Liens in favor of the Senior Lien Secured Parties of such Series or its Authorized Representative that shall not constitute Shared Collateral (except to the extent such
Collateral does not constitute Shared Collateral due to the inability of such Senior Lien Secured Parties of such Series to accept a Lien on such Collateral); and provided, further, that all Senior Lien Secured Parties shall have the
right to seek and receive the adequate protection permitted by this Section 2.05(b); and provided, further, that all Senior Lien Secured Parties receiving adequate protection shall not object to (or support any other party in
objecting to) any other Senior Lien Secured Party receiving adequate protection comparable to any adequate protection granted to such Senior Lien Secured Parties in connection with a DIP Financing or use of cash collateral. 

SECTION 2.06.                    
Reinstatement. If the Collateral Agent or any Senior Lien Secured Party is required in any Insolvency or Liquidation Proceeding or otherwise to turn over or otherwise pay to the Borrowers, any Grantor or any other Person any payment made in
satisfaction of all or any portion of the Senior Lien Obligations (a “Senior Lien Recovery”), then the Senior Lien Obligations shall be reinstated to the extent of such Senior Lien Recovery. If this Agreement shall have been
terminated prior to such Senior Lien Recovery, this Agreement shall be reinstated in full force and effect in the event of such Senior Lien Recovery, and such prior termination shall not diminish, release, discharge, impair or otherwise affect the
obligations of the Parties from such date of reinstatement. All rights, interests, agreements and obligations of the Collateral Agent and the Senior Lien Secured Parties under this Agreement shall remain in full force and effect and shall continue
irrespective of the commencement of, or any discharge, confirmation, conversion or dismissal of, any Insolvency or Liquidation Proceeding by or against either or the Borrowers or any Grantor or any other circumstance which otherwise might constitute
a defense available to, or a discharge of, either or the Borrowers or any Grantor in respect of the Senior Lien Obligations. No priority or right of the Collateral Agent or any Senior 

  
 15 

 
Lien Secured Party shall at any time be prejudiced or impaired in any way by any act or failure to act on the part of either or the Borrowers or any Grantor or by the noncompliance by any Person
with the terms, provisions or covenants of any of the Senior Lien Documents, regardless of any knowledge thereof which the Collateral Agent or any Senior Lien Secured Party may have. 

SECTION 2.07.                    
Insurance. As between the Senior Lien Secured Parties, the Applicable Authorized Representative shall have the right (but not the obligation) to adjust or settle any insurance policy or claim covering or constituting Shared Collateral in the
event of any loss thereunder and to approve any award granted in any condemnation or similar proceeding affecting the Shared Collateral. To the extent any Collateral Agent or any other First Lien Secured Party receives proceeds of such insurance
policy and such proceeds are not permitted or required to be returned to any Grantor under the applicable First Lien Documents, such proceeds shall be turned over to the Applicable Collateral Agent for application as provided in Section 2.01
hereof. 
 SECTION
2.08.                     Refinancings. The Senior Lien Obligations of any Series may be Refinanced, in whole or in part, in each case,
without notice to, or the consent (except to the extent a consent is otherwise required to permit the refinancing transaction under any Secured Credit Document) of any Senior Lien Secured Party of any other Series, all without affecting the
priorities provided for herein or the other provisions hereof; provided that the Authorized Representative of the holders of any such Refinancing indebtedness shall have executed a Joinder Agreement on behalf of the holders of such
Refinancing indebtedness (with such changes as may be reasonably approved by each Authorized Representative) and the requirements of Section 5.13 are complied with. 

SECTION 2.09.                    
Possessory/Control Agent as Gratuitous Bailee/Agent for Perfection. (a) The Applicable Authorized Representative agrees to hold any Shared Collateral constituting Possessory Collateral that is part of the
Collateral in its possession or control (or in the possession or control of its agents or bailees) as gratuitous bailee for the benefit of each other Senior Lien Secured Party and any assignee solely for the purpose of perfecting the security
interest granted in such Possessory Collateral, if any, pursuant to the applicable Senior Lien Collateral Documents, in each case, subject to the terms and conditions of this Section 2.09; provided that at any time the Collateral Agent
is not the Applicable Authorized Representative, the Collateral Agent shall, at the request of the Applicable Authorized Representative, promptly deliver all Possessory Collateral to the Applicable Authorized Representative together with any
necessary endorsements (or otherwise allow the Applicable Authorized Representative to obtain control of such Possessory Collateral). Pending delivery to the Applicable Authorized Representative, each other Authorized Representative agrees to hold
any Shared Collateral constituting Possessory Collateral, from time to time in its possession, as gratuitous bailee for the benefit of each other Senior Lien Secured Party and any assignee, solely for the purpose of perfecting the security interest
granted in such Possessory Collateral, if any, pursuant to the applicable Senior Lien Collateral Documents, in each case, subject to the terms and conditions of this Section 2.09. 

(b)       Without limiting any other provision in this Agreement, in the event any Authorized
Representative is or becomes a party to a control agreement or arrangement with 

  
 16 

 
respect to any Control Collateral, such Authorized Representative agrees to control, and hereby acknowledges that it shall have control over such Control Collateral as gratuitous agent for the
benefit of each other Senior Lien Secured Party. 
 (c)       The duties or responsibilities of the
Applicable Authorized Representative and each other Authorized Representative under this Section 2.09 shall be limited solely to holding any Shared Collateral constituting Possessory Collateral as gratuitous bailee or gratuitous agent for the
benefit of each other Senior Lien Secured Party for purposes of perfecting the Lien held by such Senior Lien Secured Parties therein. 

ARTICLE III 
 EXISTENCE
AND AMOUNTS OF LIENS AND OBLIGATIONS 
 SECTION
3.01.                     Determinations with Respect to Amounts of Liens and Obligations. Whenever the Applicable Authorized Representative
or any other Authorized Representative shall be required, in connection with the exercise of its rights or the performance of its obligations hereunder, to determine the existence or amount of any Senior Lien Obligations of any Series, or the Shared
Collateral subject to any Lien securing the Senior Lien Obligations of any Series, it may request that such information be furnished to it in writing by each other Authorized Representative and shall be entitled to make such determination on the
basis of the information so furnished; provided, however, that if an Authorized Representative shall fail or refuse reasonably promptly to provide the requested information, the requesting Applicable Authorized Representative or other
Authorized Representative shall be entitled to make any such determination by such method as it may, in the exercise of its good faith judgment, determine, including by reliance upon a certificate of the Borrowers. The Applicable Authorized
Representative and each other Authorized Representative may rely conclusively, and shall be fully protected in so relying, on any determination made by it in accordance with the provisions of the preceding sentence (or as otherwise directed by a
court of competent jurisdiction) and shall have no liability to any Grantor, any Senior Lien Secured Party or any other person as a result of such determination. 

ARTICLE IV 
 THE
COLLATERAL AGENT 
 SECTION
4.01.                     Appointment and Authority. (a) Each of the Senior Lien Secured Parties hereby irrevocably appoints and authorizes
the Applicable Authorized Representative to take such actions on its behalf and to exercise such powers as are delegated to the Applicable Authorized Representative by the terms hereof or thereof, including for purposes of acquiring, holding and
enforcing any and all Liens on Collateral granted by any Grantor to secure any of the Senior Lien Obligations, together with such powers and discretion as are reasonably incidental thereto. [Each of the Senior Lien Secured Parties recognizes that
the Applicable Authorized Representative, at the request of the Borrowers, has entered into the Senior/Junior Intercreditor Agreement in such capacity as “Senior Lien Agent” and all such references therein to the Senior Lien Agent shall be
deemed to refer to the Applicable 

  
 17 

 
Authorized Representative, as appointed from time to time hereunder]25. With respect to any provision in any Senior/Junior Intercreditor
Agreement or any other intercreditor agreement with respect to any Shared Collateral that gives Senior Lien Secured Parties authority and discretion thereunder, the Senior Lien Secured Parties hereby irrevocably authorize the Applicable Authorized
Representative to exercise such authority and discretion on their behalf in accordance with the terms of this Agreement. In this connection, the Applicable Authorized Representative and any co-agents, sub-agents and attorneys-in-fact appointed by the Applicable Authorized Representative pursuant to Section 4.05 for purposes of
holding or enforcing any Lien on the Collateral (or any portion thereof) granted under any of the Senior Lien Collateral Documents, or for exercising any rights and remedies thereunder or under any Senior/Junior Intercreditor Agreement, any other
intercreditor agreement with respect to any Shared Collateral at the direction of the Applicable Authorized Representative, shall be entitled to the benefits of all provisions of this Article IV and Section 8 of the Credit Agreement and
the equivalent provision of any Additional Senior Lien Document (as though such co-agents, sub-agents and
attorneys-in-fact were the “Applicable Authorized Representative” named therein) as if set forth in full herein with respect thereto. 

(b)       Each Non-Controlling Secured Party acknowledges and
agrees that the Applicable Authorized Representative shall be entitled, for the benefit of the Senior Lien Secured Parties, to sell, transfer or otherwise dispose of or deal with any Shared Collateral as provided herein and in the Senior Lien
Collateral Documents, without regard to any rights to which the Non-Controlling Secured Parties would otherwise be entitled as a result of the Senior Lien Obligations held by such Non-Controlling Secured Parties. Without limiting the foregoing, each Non-Controlling Secured Party agrees that none of the Applicable Authorized Representative or any other
Senior Lien Secured Party shall have any duty or obligation first to marshal or realize upon any type of Shared Collateral (or any other Collateral securing any of the Senior Lien Obligations), or to sell, dispose of or otherwise liquidate all or
any portion of such Shared Collateral (or any other Collateral securing any Senior Lien Obligations), in any manner that would maximize the return to the Non-Controlling Secured Parties, notwithstanding that
the order and timing of any such realization, sale, disposition or liquidation may affect the amount of proceeds actually received by the Non-Controlling Secured Parties from such realization, sale,
disposition or liquidation. Each of the Senior Lien Secured Parties waives any claim it may now or hereafter have against the Applicable Authorized Representative or the Authorized Representative of any other Series of Senior Lien Obligations or any
other Senior Lien Secured Party of any other Series arising out of (i) any actions which the Applicable Authorized Representative, any Authorized Representative or any Senior Lien Secured Party takes or omits to take (including, actions with
respect to the creation, perfection or continuation of Liens on any Collateral, actions with respect to the foreclosure upon, sale, release or depreciation of, or failure to realize upon, any of the Collateral and actions with respect to the
collection of any claim for all or any part of the Senior Lien Obligations from any account debtor, guarantor or any other party) in accordance with the Senior Lien Collateral Documents or any other agreement related thereto or to the collection of
the Senior Lien Obligations or the valuation, use, protection or release of any security for the Senior Lien Obligations, other than any claims for breach of this Agreement, (ii) any election by any Applicable Authorized Representative or any
holders of Senior Lien Obligations, in any proceeding instituted under the Bankruptcy Code, of the 
  

	25 	 NTD: Text to be included if Senior/Junior ICA is effective at time of execution of this agreement.

  
 18 

 
application of Section 1111(b) of the Bankruptcy Code or (iii) subject to Section 2.05, any borrowing by, or grant of a security interest or administrative expense priority under
Section 364 of the Bankruptcy Code or any equivalent provision of any other Debtor Relief Laws by, Parent or any of its Subsidiaries, as debtor-in-possession.
Notwithstanding any other provision of this Agreement, no Applicable Authorized Representative shall accept any Shared Collateral in full or partial satisfaction of any Senior Lien Obligations pursuant to
Section 9-620 of the Uniform Commercial Code (or any similar provision or power available with respect to the foreclosure of any Lien or security interest in, to, or otherwise relating to any real
property) of any jurisdiction, without the consent of each other Authorized Representative representing holders of Senior Lien Obligations for whom such Collateral constitutes Shared Collateral. 

(c)       Each Authorized Representative acknowledges and agrees that upon execution and delivery of a
Joinder Agreement substantially in the form of Exhibit I by an additional Authorized Representative, the Applicable Authorized Representative and each Grantor in accordance with Section 5.13, the Applicable Authorized Representative will
continue to act in its capacity as Applicable Authorized Representative in respect of the then existing Authorized Representatives and such additional Authorized Representative. 

SECTION 4.02.                    
Rights as a Senior Lien Secured Party. The Person serving as the Applicable Authorized Representative hereunder shall have the same rights and powers in its capacity as a Senior Lien Secured Party under any Series of Senior Lien Obligations
that it holds as any other Senior Lien Secured Party of such Series and may exercise the same as though it were not the Applicable Authorized Representative and the term “Senior Lien Secured Party” or “Senior Lien Secured
Parties” or (as applicable) “Credit Agreement Secured Party”, “Credit Agreement Secured Parties”, “Additional Senior Lien Secured Party” or “Additional Senior Lien Secured Parties” shall, unless otherwise
expressly indicated or unless the context otherwise requires, include the Person serving as the Applicable Authorized Representative hereunder in its individual capacity. Such Person and its Affiliates may accept deposits from, lend money to, act as
the financial advisor or in any other advisory capacity for and generally engage in any kind of business with the Borrowers or any Subsidiary or other Affiliate thereof as if such Person were not the Applicable Authorized Representative hereunder
and without any duty to account therefor to any other Senior Lien Secured Party. 
 SECTION
4.03.                     Exculpatory Provisions. The Applicable Authorized Representative shall not have any duties or obligations except
those expressly set forth herein and in the other Senior Lien Collateral Documents. Without limiting the generality of the foregoing, the Applicable Authorized Representative: 

(a)       shall not be subject to any fiduciary or other implied duties, regardless of whether an Event
of Default has occurred and is continuing; 
 (b)       shall not have any duty to take any
discretionary action or exercise any discretionary powers, except discretionary rights and powers expressly contemplated hereby or by the other Senior Lien Collateral Documents that the Applicable Authorized Representative is required to exercise as
directed in writing by the Applicable Authorized Representative; provided that the Applicable Authorized Representative shall not be required to take any action that, in its 

  
 19 

 
opinion or the opinion of its counsel, may expose the Applicable Authorized Representative to liability or that is contrary to any Senior Lien Collateral Document or applicable law; 

(c)         shall not, except as expressly set forth herein and in the other Senior Lien
Collateral Documents, have any duty to disclose, and shall not be liable for the failure to disclose, any information relating to the Borrowers or any of their Affiliates that is communicated to or obtained by the Person serving as the Applicable
Authorized Representative or any of its Affiliates in any capacity; 
 (d)         shall not
be liable for any action taken or not taken by it (i) with the consent or at the request of the Controlling Secured Parties or (ii) in the absence of its own gross negligence or willful misconduct or (iii) in reliance on a certificate
of an authorized officer of the Borrowers stating that such action is permitted by the terms of this Agreement. The Applicable Authorized Representative shall be deemed not to have knowledge of any Event of Default under any Series of Senior Lien
Obligations unless and until notice describing such Event Default is given to the Applicable Authorized Representative by the Authorized Representative of such Senior Lien Obligations or the Borrowers; and 

(e)         shall not be responsible for or have any duty to ascertain or inquire into
(i) any statement, warranty or representation made in or in connection with this Agreement or any other Senior Lien Collateral Document, (ii) the contents of any certificate, report or other document delivered hereunder or thereunder or in
connection herewith or therewith, (iii) the performance or observance of any of the covenants, agreements or other terms or conditions set forth herein or therein or the occurrence of any default, (iv) the validity, enforceability,
effectiveness or genuineness of this Agreement, any other Senior Lien Collateral Document or any other agreement, instrument or document, or the creation, perfection or priority of any Lien purported to be created by the Senior Lien Collateral
Documents, (v) the value or the sufficiency of any Collateral for any Series of Senior Lien Obligations, or (vi) the satisfaction of any condition set forth in any Secured Credit Document, other than to confirm receipt of items expressly
required to be delivered to the Applicable Authorized Representative; 
 (f)         shall
have the same rights and powers in its capacity as a Senior Lien Secured Party under any Series of Senior Lien Obligations that it holds as any other Senior Lien Secured Party of such Series and may exercise the same as though it were not an
Applicable Authorized Representative; and 
 (g)         may (and any of its Affiliates may)
accept deposits from, lend money to, act as the financial advisor or in any other advisory capacity for and generally engage in any kind of business with any Grantor or any Subsidiary or Affiliate thereof as if such Person were not such an
Applicable Authorized Representative and without any duty to any other Senior Lien Secured Party, including any duty to account therefor. 

SECTION 4.04.                    
Reliance by Applicable Authorized Representative. The Applicable Authorized Representative shall be entitled to rely upon, and shall not incur any liability for relying upon, any notice, request, certificate, consent, statement, instrument,
document or other writing (including any electronic message, Internet or intranet website posting or other distribution) believed by it to be genuine and to have been signed, sent or otherwise 

  
 20 

 
authenticated by the proper Person. The Applicable Authorized Representative also may rely upon any statement made to it orally or by telephone and believed by it to have been made by the proper
Person, and shall not incur any liability for relying thereon. The Applicable Authorized Representative may consult with legal counsel (who may be counsel for the Borrowers), independent accountants and other experts selected by it, and shall not be
liable for any action taken or not taken by it in accordance with the advice of any such counsel, accountants or experts. 
 SECTION
4.05.                     Delegation of Duties. The Applicable Authorized Representative may perform any and all of its duties and exercise
its rights and powers hereunder or under any other Senior Lien Collateral Document by or through any one or more sub-agents appointed by the Applicable Authorized Representative. The Applicable Authorized
Representative and any such sub-agent may perform any and all of its duties and exercise its rights and powers by or through their respective Affiliates. The exculpatory provisions of this Article shall apply
to any such sub-agent and to the Affiliates of the Applicable Authorized Representative and any such sub-agent. 

SECTION 4.06.                     Non-Reliance on Applicable Authorized Representative and Other Senior Lien Secured Parties. Each Senior Lien Secured Party acknowledges that it has, independently and without reliance upon the Applicable
Authorized Representative, any Authorized Representative or any other Senior Lien Secured Party or any of their Affiliates and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter
into this Agreement and the other Secured Credit Documents. Each Senior Lien Secured Party also acknowledges that it will, independently and without reliance upon the Applicable Authorized Representative, any other Authorized Representative or any
other Senior Lien Secured Party or any of their Affiliates and based on such documents and information as it shall from time to time deem appropriate, continue to make its own decisions in taking or not taking action under or based upon this
Agreement, any other Secured Credit Document or any related agreement or any document furnished hereunder or thereunder. 
 SECTION
4.07.                     Collateral and Guaranty Matters. Each of the Senior Lien Secured Parties irrevocably authorizes the Applicable
Authorized Representative, at its option and in its discretion: 
 (a)         to release
any Lien on any property granted to or held by the Applicable Authorized Representative under any Senior Lien Collateral Document in accordance with Section 2.04 or upon receipt of a written request from the Borrowers stating that the releases
of such Lien is permitted by the terms of each then extant Secured Credit Document; and 

(b)         to release any Grantor from its obligations under the Senior Lien Collateral
Documents upon receipt of a written request from the Borrowers stating that such release is permitted by the terms of each then extant Secured Credit Document. 

SECTION 4.08.                    
Power of Attorney. Each Non-Controlling Representative that is not the Applicable Authorized Representative, for itself and on behalf of each other Senior Lien Secured Party of the Series for whom it is
acting, hereby irrevocably appoints the Applicable Authorized Representative and any officer or agent of the Applicable Authorized 

  
 21 

 
Representative, which appointment is coupled with an interest with full power of substitution, as its true and lawful
attorney-in-fact with full irrevocable power and authority in the place and stead of such Non-Controlling Representative or
Senior Lien Secured Party, to take any and all appropriate action and to execute any and all documents and instruments which may be necessary to accomplish the purposes of this Agreement, including the exercise of any and all remedies under each
Senior Lien Collateral Document with respect to Shared Collateral and the execution of releases in connection therewith. 
 ARTICLE V 

MISCELLANEOUS 
 SECTION
5.01.                     Notices. All notices and other communications provided for herein shall be in writing and shall be delivered by hand
or overnight courier service, mailed by certified or registered mail or sent by telecopy, as follows: 

(a)         if to the Collateral Agent or the Applicable Authorized Representative, to it at
[Jefferies Finance LLC, as Collateral Agent, 520 Madison Avenue, New York, NY 10022, Attention of [ 🌑 ] (Facsimile No. [ 🌑 ]; Email: [ 🌑 ])]; 
 (b)         if to the Initial Additional
Authorized Representative, to it at [        ]; and 

(c)         if to any other Additional Authorized Representative, to it at the address set
forth in the applicable Joinder Agreement. 
           Any party hereto may change its
address or telecopy number for notices and other communications hereunder by notice to the other parties hereto. All notices and other communications given to any party hereto in accordance with the provisions of this Agreement shall be deemed to
have been given on the date of receipt (if a Business Day) and on the next Business Day thereafter (in all other cases) if delivered by hand or overnight courier service or sent by telecopy or on the date five Business Days after dispatch by
certified or registered mail if mailed, in each case delivered, sent or mailed (properly addressed) to such party as provided in this Section 5.01 or in accordance with the latest unrevoked direction from such party given in accordance with
this Section 5.01. As agreed to in writing among the Applicable Authorized Representative and each Authorized Representative from time to time, notices and other communications may also be delivered by
e-mail to the e-mail address of a representative of the applicable person provided from time to time by such person. 

SECTION 5.02.                    
Waivers; Amendment; Joinder Agreements. (a) No failure or delay on the part of any party hereto in exercising any right or power hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of any such right or power,
or any abandonment or discontinuance of steps to enforce such a right or power, preclude any other or further exercise thereof or the exercise of any other right or power. The rights and remedies of the parties hereto are cumulative and are not
exclusive of any rights or remedies that they would otherwise have. No waiver of any provision of this Agreement or consent to any departure by any party therefrom shall in any event be effective unless the same shall be permitted by paragraph
(b) of this Section, and then such waiver or consent shall be effective only in the 

  
 22 

 
specific instance and for the purpose for which given. No notice or demand on any party hereto in any case shall entitle such party to any other or further notice or demand in similar or other
circumstances. 
 (b)         Neither this Agreement nor any provision hereof may be
terminated, waived, amended or modified (other than pursuant to any Joinder Agreement) except pursuant to an agreement or agreements in writing entered into by each Authorized Representative (and with respect to any such termination, waiver,
amendment or modification which by the terms of this Agreement requires the consent of the Borrowers or which could reasonably be expected to be materially adverse to the interests, rights, liabilities or privileges of any Grantor or imposes
additional duties or obligations on any Grantor, with the consent of the Borrowers). 

(c)         Notwithstanding the foregoing, without the consent of any Senior Lien Secured
Party, any Authorized Representative may become a party hereto by execution and delivery of a Joinder Agreement in accordance with Section 5.13 of this Agreement and upon such execution and delivery, such Authorized Representative and the
Additional Senior Lien Secured Parties and Additional Senior Lien Obligations of the Series for which such Authorized Representative is acting shall be subject to the terms hereof and the terms of the other Senior Lien Collateral Documents
applicable thereto. 
 (d)         Notwithstanding the foregoing, without the consent of any
other Authorized Representative or Senior Lien Secured Party, the Applicable Authorized Representative may effect amendments and modifications to this Agreement to the extent necessary to reflect any incurrence of any Additional Senior Lien
Obligations in compliance with the Credit Agreement. 
 SECTION
5.03.                     Parties in Interest. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their
respective successors and assigns, as well as the other Senior Lien Secured Parties, all of whom are intended to be bound by, and to be third party beneficiaries of, this Agreement. 

SECTION 5.04.                    
Survival of Agreement. All covenants, agreements, representations and warranties made by any party in this Agreement shall be considered to have been relied upon by the other parties hereto and shall survive the execution and delivery of this
Agreement. 
 SECTION
5.05.                     Counterparts. This Agreement may be executed in counterparts, each of which shall constitute an original but all of
which when taken together shall constitute a single contract. Delivery of an executed signature page to this Agreement by facsimile or other electronic transmission shall be as effective as delivery of a manually signed counterpart of this
Agreement. 
 SECTION
5.06.                     Severability. Any provision of this Agreement held to be invalid, illegal or unenforceable in any jurisdiction
shall, as to such jurisdiction, be ineffective to the extent of such invalidity, illegality or unenforceability without affecting the validity, legality and enforceability of the remaining provisions hereof; and the invalidity of a particular
provision in a particular jurisdiction shall not invalidate such provision in any other jurisdiction. The 

  
 23 

 
parties shall endeavor in good-faith negotiations to replace the invalid, illegal or unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that
of the invalid, illegal or unenforceable provisions. 
 SECTION
5.07.                     Governing Law; Jurisdiction. This Agreement shall be construed in accordance with and governed by the law of the
State of New York. 
 SECTION
5.08.                     Submission to Jurisdiction Waivers; Consent to Service of Process. The Applicable Authorized Representative and each
other Authorized Representative, on behalf of itself and the Senior Lien Secured Parties of the Series for whom it is acting, irrevocably and unconditionally: 

(a)         submits for itself and its property in any legal action or proceeding relating to
this Agreement and the Senior Lien Collateral Documents, or for recognition and enforcement of any judgment in respect thereof, to the exclusive general jurisdiction of the courts of the State of New York, the courts of the United States of America
for the Southern District of New York, and appellate courts from any thereof; 
 (b)        
consents that any such action or proceeding may be brought in such courts and waives any objection that it may now or hereafter have to the venue of any such action or proceeding in any such court or that such action or proceeding was brought in
an inconvenient court and agrees not to plead or claim the same; 
 (c)         agrees that
service of process in any such action or proceeding may be effected by mailing a copy thereof by registered or certified mail (or any substantially similar form of mail), postage prepaid, to such Person (or its Authorized Representative) at the
address referred to in 5.01; 
 (d)         agrees that nothing herein shall affect the
right of any other party hereto (or any Senior Lien Secured Party) to effect service of process in any other manner permitted by law or shall limit the right of any party hereto (or any Senior Lien Secured Party) to sue in any other jurisdiction;
and 
 (e)         waives, to the maximum extent not prohibited by law, any right it may
have to claim or recover in any legal action or proceeding referred to in this Section 5.08 any special, exemplary, punitive or consequential damages. 

SECTION 5.09.                    
WAIVER OF JURY TRIAL. EACH PARTY HERETO HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT,
ANY OTHER LOAN DOCUMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY). EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR
OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY,

  
 24 

 
AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION. 
 SECTION
5.10.                     Headings. Article, Section and Exhibit headings used herein are for convenience of reference only, are not part of
this Agreement and are not to affect the construction of, or to be taken into consideration in interpreting, this Agreement. 
 SECTION
5.11.                     Conflicts. In the event of any conflict or inconsistency between the provisions of this Agreement and the provisions
of any of the other Senior Lien Collateral Documents or Additional Senior Lien Documents the provisions of this Agreement shall control. 

SECTION 5.12.                    
Provisions Solely to Define Relative Rights. The provisions of this Agreement are and are intended solely for the purpose of defining the relative rights of the Senior Lien Secured Parties in relation to one another. None of the Borrowers,
any other Grantor or any other creditor thereof shall have any rights or obligations hereunder, except as expressly provided in this Agreement (provided that nothing in this Agreement (other than Section 2.04, 2.05, 2.08, 2.09 or
Article V) is intended to or will amend, waive or otherwise modify the provisions of the Credit Agreement or any Additional Senior Lien Documents), and none of the Borrowers or any other Grantor may rely on the terms hereof (other than
Sections 2.04, 2.05, 2.08, 2.09 and Article V). Nothing in this Agreement is intended to or shall impair the obligations of any Grantor, which are absolute and unconditional, to pay the Senior Lien Obligations as and when the same shall
become due and payable in accordance with their terms. 
 SECTION
5.13.                     Additional Senior Debt. To the extent, but only to the extent permitted by the provisions of the Credit Agreement
and the Additional Senior Lien Documents, the Borrowers and the other Grantors may incur Additional Senior Lien Obligations. Any such additional class or series of Additional Senior Lien Obligations (the “Senior
Class Debt”) may be secured by a Lien by the Grantors on the Collateral and may be guaranteed by the Grantors on a senior basis, in each case under and pursuant to the Senior Lien Documents, if and subject to the
condition that the Authorized Representative of any such Senior Class Debt (each, a “Senior Class Debt Representative”), acting on behalf of the holders of such Senior Class Debt (such Authorized
Representative and holders in respect of any Senior Class Debt being referred to as the “Senior Class Debt Parties”), becomes a party to this Agreement by satisfying the conditions set forth in clauses
(a) through (d) of the immediately succeeding paragraph. 
 In order for a Senior Class Debt Representative to become a party to
this Agreement: 
 (a)         such Senior Class Debt Representative, the Applicable
Authorized Representative and each Grantor shall have executed and delivered an instrument substantially in the form of Exhibit I (with such changes as may be reasonably approved by the Applicable Authorized Representative and such Senior
Class Debt Representative) pursuant to which such Senior Class Debt Representative becomes an Authorized Representative hereunder, and the Senior Class Debt in respect of which such Senior Class Debt Representative is the
Representative and the related Senior Class Debt Parties become subject hereto and bound hereby; 

  
 25 

 (b)         the Borrowers shall have
(x) delivered to the Applicable Authorized Representative true and complete copies of each of the Additional Senior Lien Documents relating to such Senior Class Debt, certified as being true and correct by a Responsible Officer of the
Borrowers and (y) certified that such Additional Senior Lien Obligations are permitted to be incurred and secured on a pari passu basis with the Liens of the then-existing Senior Lien Obligations and by the terms of the then-existing
Secured Credit Documents; 
 (c)         all filings, recordations and/or amendments or
supplements to the Senior Lien Collateral Documents necessary or desirable in the reasonable judgment of the Applicable Authorized Representative to confirm and perfect the Liens securing the relevant obligations relating to such Senior
Class Debt shall have been made, executed and/or delivered (or, with respect to any such filings or recordations, acceptable provisions to perform such filings or recordings have been taken in the reasonable judgment of the Applicable
Authorized Representative), and all fees and taxes in connection therewith shall have been paid (or acceptable provisions to make such payments have been taken in the reasonable judgment of the Applicable Authorized Representative); and 

(d)         the Additional Senior Lien Documents, as applicable, relating to such Senior
Class Debt shall provide, in a manner reasonably satisfactory to the Applicable Authorized Representative, that each Senior Class Debt Party with respect to such Senior Class Debt will be subject to and bound by the provisions of this
Agreement in its capacity as a holder of such Senior Class Debt. 
 SECTION
5.14.                     Additional Grantors. The Grantors agree that, if any Person shall become a Guarantor after the date hereof (an
“Additional Guarantor”), the Grantors will promptly cause such Additional Guarantor to become party hereto by executing and delivering a supplement in the form of Exhibit II. Upon such execution and delivery, such Person will become
a Grantor hereunder with the same force and effect as if originally named as a Grantor herein. The execution and delivery of such supplement shall not require the consent of any other party hereunder, and will be acknowledged by the Applicable
Authorized Representative. The rights and obligations of each Grantor hereunder shall remain in full force and effect notwithstanding the addition of any new Grantor as a party to this Agreement. 

SECTION 5.15.                    
Integration. This Agreement, together with the other Secured Credit Documents and the Senior Lien Collateral Documents, represents the agreement of each of the Grantors, and the Senior Lien Secured Parties with respect to the subject matter
hereof and there are no promises, undertakings, representations or warranties by any Grantor, the Applicable Authorized Representative, any or any other Senior Lien Secured Party relative to the subject matter hereof not expressly set forth or
referred to herein or in the other Secured Credit Documents or the Senior Lien Collateral Documents. 
 SECTION
5.16.                     Specific Performance. Each Authorized Representative may demand specific performance of this Agreement. Each
Authorized Representative, on behalf of itself and its respective Senior Lien Secured Parties, hereby irrevocably waives any defense based on the adequacy of a remedy at law and any other defense that might be asserted to bar the remedy of specific
performance in any action that may be brought by any Authorized Representative. 

  
 26 

 [Remainder of page intentionally left blank.] 

 

  
 27 

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

			
	JEFFERIES FINANCE LLC, as Collateral Agent for the Senior Lien Secured Parties under the Senior Lien Collateral Documents
		
	 By:
	 	  

		 	 Name:

Title:

		
	 By:
	 	  

		 	 Name:

Title:

 
			
	HLF FINANCING SARL, LLC 
		
	    By	 	  

		 	Name:
		 	Title:
	
	HERBALIFE INTERNATIONAL, INC. 
		
	    By	 	  

		 	Name:
		 	Title:
	
	HERBALIFE NUTRITION LTD. 
		
	    By	 	  

		
		 	Name:
		 	Title:
	
	HERBALIFE INTERNATIONAL LUXEMBOURG S.À R.L. 
		
	    By	 	  

		 	Name:
		 	Title:
	
	Add other Guarantors as per other Intercreditor Agreements.

 
			
	[         ]26
		
	By:	 	  

		 	   Name:

  Title:

	
	 [         ]

as Initial Additional Authorized Representative

		
	By:	 	  

		 	   Name:

  Title:

  

26 Additional Grantors to be added as needed. 

 EXHIBIT I 

to the Senior Pari Passu Intercreditor Agreement 

         [FORM OF] REPRESENTATIVE SUPPLEMENT NO. [ ] dated as of [●], 20[ ] to the SENIOR PARI
PASSU INTERCREDITOR AGREEMENT dated as of [●] (the “Senior Lien Intercreditor Agreement”), among HLF Financing SaRL, LLC, a Delaware limited liability company (“TL Borrower”), Herbalife Nutrition Ltd., a
Cayman Islands exempted company incorporated with limited liability (“Parent”), Herbalife International Luxembourg S.à R.L., a Luxembourg private limited liability company (société à
responsabilité limitée), existing and organized under the laws of Luxembourg, having its registered office at 16, avenue de la Gare, L-1610 Luxembourg and registered with the Luxembourg
Register of Commerce and Companies (R.C.S. Luxembourg) under number B 88.006 (“HIL”), Herbalife International, Inc., a Nevada corporation (“HII” and, together with Parent, TL Borrower and HIL, the
“Revolver Borrowers”; the Revolver Borrowers, together with the TL Borrower, are referred to herein as the “Borrowers”), and each other party from time to time party thereto, JEFFERIES FINANCE LLC, as collateral
agent for the Senior Lien Secured Parties under the Senior Lien Collateral Documents (in such capacity, the “Collateral Agent”) and as Authorized Representative under the Credit Agreement,
[                ], as Initial Additional Authorized Representative, and the additional Authorized Representatives from time to time party thereto. 

         A. Capitalized terms used herein but not otherwise defined herein shall have the meanings
assigned to such terms in the Senior Lien Intercreditor Agreement. 
          B. As a condition to
the ability of any Borrowers to incur Additional Senior Lien Obligations and to secure such Senior Class Debt with the Senior Lien and to have such Senior Class Debt guaranteed by the Grantors on a senior basis, in each case under and
pursuant to the Senior Lien Collateral Documents, the Senior Class Debt Representative in respect of such Senior Class Debt is required to become an Authorized Representative under, and such Senior Class Debt and the Senior
Class Debt Parties in respect thereof are required to become subject to and bound by, the Senior Lien Intercreditor Agreement. Section 5.13 of the Senior Lien Intercreditor Agreement provides that such Senior Class Debt Representative
may become an Authorized Representative under, and such Senior Class Debt and such Senior Class Debt Parties may become subject to and bound by, the Senior Lien Intercreditor Agreement, pursuant to the execution and delivery by the Senior
Class Debt Representative of an instrument in the form of this Supplement and the satisfaction of the other conditions set forth in Section 5.13 of the Senior Lien Intercreditor Agreement. The undersigned Senior Class Debt
Representative (the “New Representative”) is executing this Representative Supplement in accordance with the requirements of the Senior Lien Intercreditor Agreement and the Senior Lien Collateral Documents. 

         Accordingly, the Collateral Agent, in its capacity as the Applicable Authorized
Representative, and the New Representative agree as follows: 
          SECTION 1. In accordance
with Section 5.13 of the Senior Lien Intercreditor Agreement, the New Representative by its signature below becomes an Authorized Representative under, and the related Senior Class Debt and Senior Class Debt Parties become subject to
and bound by, the Senior Lien Intercreditor Agreement with the same force and effect as if the New Representative had originally been named therein as an Authorized Representative, and the New Representative, on behalf of itself and such Senior
Class Debt Parties, hereby agrees to all the terms and provisions of the Senior Lien Intercreditor Agreement applicable to it 

  
 Exhibit I-1 

 
as an Authorized Representative and to the Senior Class Debt Parties that it represents as Additional Senior Lien Secured Parties. Each reference to an “Authorized
Representative” in the Senior Lien Intercreditor Agreement shall be deemed to include the New Representative. The Senior Lien Intercreditor Agreement is hereby incorporated herein by reference. 

         SECTION 2. The New Representative represents and warrants to the Applicable Authorized
Representative and the other Senior Lien Secured Parties that (i) it has full power and authority to enter into this Representative Supplement, in its capacity as [agent] [trustee], (ii) this Representative Supplement has been duly
authorized, executed and delivered by it and constitutes its legal, valid and binding obligation, enforceable against it in accordance with the terms of such Agreement and (iii) the Additional Senior Lien Documents relating to such Senior
Class Debt provide that, upon the New Representative’s entry into this Agreement, the Senior Class Debt Parties in respect of such Senior Class Debt will be subject to and bound by the provisions of the Senior Lien Intercreditor
Agreement as Additional Senior Lien Secured Parties. 
          SECTION 3. This Representative
Supplement may be executed in counterparts, each of which shall constitute an original, but all of which when taken together shall constitute a single contract. This Representative Supplement shall become effective when the Applicable Authorized
Representative shall have received a counterpart of this Representative Supplement that bears the signature of the New Representative. Delivery of an executed signature page to this Representative Supplement by facsimile transmission shall be
effective as delivery of a manually signed counterpart of this Representative Supplement. 

         SECTION 4. Except as expressly supplemented hereby, the Senior Lien Intercreditor Agreement
shall remain in full force and effect. 
          SECTION 5. THIS REPRESENTATIVE SUPPLEMENT
SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 

         SECTION 6. In case any one or more of the provisions contained in this Representative
Supplement should be held invalid, illegal or unenforceable in any respect, no party hereto shall be required to comply with such provision for so long as such provision is held to be invalid, illegal or unenforceable, but the validity, legality and
enforceability of the remaining provisions contained herein and in the Senior Lien Intercreditor Agreement shall not in any way be affected or impaired. The parties hereto shall endeavor in good-faith negotiations to replace the invalid, illegal or
unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of the invalid, illegal or unenforceable provisions. 

         SECTION 7. All communications and notices hereunder shall be in writing and given as
provided in Section 5.01 of the Senior Lien Intercreditor Agreement. All communications and notices hereunder to the New Representative shall be given to it at the address set forth below its signature hereto. 

  
 Exhibit I-2 

          SECTION 8. The Borrowers agrees to
reimburse the Applicable Authorized Representative for its reasonable out-of-pocket expenses in connection with this Representative Supplement, including the reasonable
fees, disbursements and other charges of counsel for the Applicable Authorized Representative. 

  
 Exhibit I-3 

          IN WITNESS WHEREOF, the New Representative
and the Applicable Authorized Representative have duly executed this Representative Supplement to the Senior Lien Intercreditor Agreement as of the day and year first above written. 

 

			
	 [NAME OF NEW REPRESENTATIVE], as

[                 ] for the holders of

[                       
  ],

		
	     By:
	 	  

		 	 Name:

		 	 Title:

	
	 Address for notices:

 

			
		
		 	  

		
		 	  

					
			
		 	 attention of:
	 	  

			
		 	 Telecopy:
	 	  

  
 Exhibit I-4 

 Acknowledged by: 

JEFFERIES FINANCE LLC, 
 as
Collateral Agent for the Senior Lien Secured Parties under the Senior Lien Collateral Documents 
  

			
	             By:
	 	  

		 	 Name:

Title:

		
	             By:
	 	  

		 	 Name:

Title:

  
 Exhibit I-5 

 
			
	HLF FINANCING SARL, LLC 
		
	    By	 	  

		 	Name:
		 	Title:
	
	HERBALIFE INTERNATIONAL, INC. 
		
	    By	 	  

		 	Name:
		 	Title:
	
	HERBALIFE NUTRITION LTD. 
		
	    By	 	  

		 	Name:
		 	Title:
	
	HERBALIFE INTERNATIONAL LUXEMBOURG S.À R.L. 
		
	    By	 	  

		 	Name:
		 	Title:

  
  
  

			
	 [         ]27

		
	 By:
  
	 	  

		 	 Name:

Title:

  
  

27 Additional Grantors to be added as needed. 

  
 Exhibit I-6 

			
	 [     ]

As Initial Additional Authorized Representative

		
	 By:
  
	 	  

		 	 Name:

Title:

  
 Exhibit I-7 

          [FORM OF] SUPPLEMENT NO. [ ] dated as of
[•], 20[ ] to the SENIOR PARI PASSU INTERCREDITOR AGREEMENT dated as of [•] (the “Senior Lien Intercreditor Agreement”), among HLF Financing SaRL, LLC, a Delaware limited liability company (“TL Borrower”),
Herbalife Nutrition Ltd., a Cayman Islands exempted company incorporated with limited liability (“Parent”), Herbalife International Luxembourg S.à R.L., a Luxembourg private limited liability company (société
à responsabilité limitée), existing and organized under the laws of Luxembourg, having its registered office at 16, avenue de la Gare, L-1610 Luxembourg and registered with the
Luxembourg Register of Commerce and Companies (R.C.S. Luxembourg) under number B 88.006 (“HIL”), Herbalife International, Inc., a Nevada corporation (“HII” and, together with Parent, TL Borrower and HIL, the
“Revolver Borrowers”; the Revolver Borrowers, together with the TL Borrower, are referred to herein as the “Borrowers”), and each other party from time to time party thereto, JEFFERIES FINANCE LLC, as collateral
agent for the Senior Lien Secured Parties under the Senior Lien Collateral Documents (in such capacity, the “Collateral Agent”) and as Authorized Representative under the Credit Agreement,
[                ], as Initial Additional Authorized Representative, and the additional Authorized Representatives from time to time party thereto. 

         A. Capitalized terms used herein and not otherwise defined herein shall have the meanings
assigned to such terms in the Senior Lien Intercreditor Agreement. 
          B. The Grantors have
entered into the Senior Lien Intercreditor Agreement. Section 5.14 of the Senior Lien Intercreditor Agreement provides that any Additional Guarantor may become party to the Senior Lien Intercreditor Agreement by execution and delivery of an
instrument in the form of this Supplement. The undersigned Additional Guarantor (the “New Grantor”) is executing this Supplement in accordance with the requirements of the Senior Lien Intercreditor Agreement. 

         Accordingly, the Collateral Agent, in its capacity as the Applicable Authorized
Representative, and the New Grantor agree as follows: 
          SECTION 1. In accordance with
Section 5.14 of the Senior Lien Intercreditor Agreement, the New Grantor by its signature below becomes a Grantor under the Senior Lien Intercreditor Agreement with the same force and effect as if originally named therein as a Grantor, and the
New Grantor hereby agrees to all the terms and provisions of the Senior Lien Intercreditor Agreement applicable to it as a Grantor thereunder. Each reference to a “Grantor” in the Senior Lien Intercreditor Agreement shall be deemed
to include the New Grantor. The Senior Lien Intercreditor Agreement is hereby incorporated herein by reference. 

         SECTION 2. The New Grantor represents and warrants to the Applicable Authorized
Representative and the other Senior Lien Secured Parties that this Supplement has been duly authorized, executed and delivered by it and constitutes its legal, valid and binding obligation, enforceable against it in accordance with its terms, except
as the enforceability thereof may be limited by bankruptcy, insolvency or similar laws affecting creditors’ rights generally and subject to general principles of equity. 

         SECTION 3. This Supplement may be executed in counterparts, each of which shall constitute
an original, but all of which when taken together shall constitute a single 

  
 Exhibit I-1 

 
contract. This Supplement shall become effective when the Applicable Authorized Representative shall have received a counterpart of this Supplement that bears the signature of the New Grantor.
Delivery of an executed signature page to this Supplement by facsimile transmission shall be as effective as delivery of a manually signed counterpart of this Supplement. 

         SECTION 4. Except as expressly supplemented hereby, the Senior Lien Intercreditor Agreement
shall remain in full force and effect. 
          SECTION 5. THIS SUPPLEMENT SHALL BE GOVERNED
BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 
          SECTION 6.
In case any one or more of the provisions contained in this Supplement should be held invalid, illegal or unenforceable in any respect, no party hereto shall be required to comply with such provision for so long as such provision is held to be
invalid, illegal or unenforceable, but the validity, legality and enforceability of the remaining provisions contained herein and in the Senior Lien Intercreditor Agreement shall not in any way be affected or impaired. The parties hereto shall
endeavor in good-faith negotiations to replace the invalid, illegal or unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of the invalid, illegal or unenforceable provisions. 

         SECTION 7. All communications and notices hereunder shall be in writing and given as
provided in Section 5.01 of the Senior Lien Intercreditor Agreement. All communications and notices hereunder to the New Grantor shall be given to it in care of the Borrowers as specified in the Senior Lien Intercreditor Agreement. 

         SECTION 8. The Borrowers agrees to reimburse the Applicable Authorized Representative for
its reasonable out-of-pocket expenses in connection with this Supplement, including the reasonable fees, disbursements and other charges of counsel for the Applicable
Authorized Representative. 

  
 Exhibit I-2 

         IN WITNESS WHEREOF, the New Grantor and the
Applicable Authorized Representative have duly executed this Supplement to the Senior Lien Intercreditor Agreement as of the day and year first above written. 

 

			
	 [NAME OF NEW GRANTOR]

		
	 By:
  
	 	  

		 	 Name:

Title:

  
 Acknowledged by: 

JEFFERIES FINANCE LLC, as Collateral Agent 
  

			
	 By:
  
	 	
                  
       

		 	 Name:

Title:

		
	 By:
  
	 	  

		 	 Name:

Title:

[                    ], as Initial
Additional Authorized Representative 
  

			
	 By:
  
	 	
                  
           

		 	 Name:

Title:

  
 Exhibit I-3 

 EXHIBIT G-1 

to the Credit Agreement 

FORM OF TERM A NOTE 
 THIS NOTE AND THE
OBLIGATIONS REPRESENTED HEREBY MAY NOT BE TRANSFERRED EXCEPT IN COMPLIANCE WITH THE TERMS AND PROVISIONS OF THE CREDIT AGREEMENT REFERRED TO BELOW. TRANSFERS OF THIS NOTE AND THE OBLIGATIONS REPRESENTED HEREBY MUST BE RECORDED IN THE REGISTER
MAINTAINED BY THE TERM LOAN A AGENT PURSUANT TO THE TERMS OF SUCH CREDIT AGREEMENT. 
  

			
	
$[                   
                     ]
	  	New York, New York

 FOR VALUE RECEIVED, the undersigned, HLF Financing SaRL, LLC, a Delaware limited liability company (including
its permitted successors, the “TL Borrower”), does hereby unconditionally promise to pay to [________________] (the “Lender”) or its registered assigns at the office of the Term Loan A Agent specified in the Credit
Agreement (as hereinafter defined) in lawful money of the United States and in immediately available funds, the principal amount of (a) [___________] DOLLARS ($[___________]), or, if less, (b) the aggregate unpaid principal amount of all Term A
Loans owing by the TL Borrower to the Lender pursuant to the Credit Agreement. The principal amount shall be paid in the applicable amounts and on the applicable dates specified in the Credit Agreement. The TL Borrower further agrees to pay interest
in like money at such office on the unpaid principal amount hereof from time to time outstanding at the applicable rates and on the applicable dates specified in the Credit Agreement. 

The holder of this Note is authorized to endorse on the schedules annexed hereto and made a part hereof or on a continuation thereof which
shall be attached hereto and made a part hereof the date, Type and amount of the Term A Loan and the date and amount of each payment or prepayment of principal with respect thereto, each conversion of all or a portion thereof to another Type, each
continuation of all or a portion thereof as the same Type and, in the case of Eurodollar Loans, the length of each Interest Period with respect thereto. Each such endorsement shall constitute prima facie evidence of the accuracy of the
information endorsed absent manifest error. The failure to make any such endorsement or any error in any such endorsement shall not affect the obligations of the TL Borrower in respect of the Term A Loan. 

This Note (a) is one of the Notes referred to in the Credit Agreement dated as of August 16, 2018 (as amended, restated,
amended and restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), among the TL Borrower, Herbalife Nutrition Ltd., a Cayman Islands exempted company incorporated with limited liability, Herbalife
International Luxembourg S.à R.L., a Luxembourg private limited liability company (société à responsabilité limitée), existing and organized under the laws of Luxembourg, having its registered office
at 16, avenue de la Gare, L-1610 Luxembourg and registered with the Luxembourg Register of Commerce and Companies (R.C.S. Luxembourg) under number B 88.006, Herbalife International, Inc., a Nevada
corporation (the “Revolver Borrowers” and together with the TL Borrower, the “Borrowers”), the several banks and other financial institutions or entities from time to time parties thereto as lenders, Jefferies
Finance LLC (“Jefferies”), as administrative 

  
 G-1-1 

 
agent for the Term Loan B Lenders (together with its successors and permitted assigns in such capacity, the “Term Loan B Agent”) and collateral agent (together with its
successors and permitted assigns in such capacity, the “Collateral Agent”), and Coöperatieve Rabobank U.A., New York Branch (“Rabobank”), as administrative agent for the Term Loan A Lenders (together with its
successors and permitted assigns in such capacity, the “Term Loan A Agent”; the Term Loan A Agent together with the Term Loan B Agent, the “Term Loan Administrative Agents” and each, a “Term Loan
Administrative Agent”), an Issuing Bank and as administrative agent for the Revolving Credit Lenders (together with its successors and permitted assigns in such capacity, the “Revolver Administrative Agent” and, together
with the Term Loan Administrative Agents, the “Administrative Agents”; the Term Loan Administrative Agents, the Collateral Agent and the Revolver Administrative Agent are referred to herein collectively as the
“Agents” and each, an “Agent”), (b) is subject to the provisions of the Credit Agreement, which are hereby incorporated herein by reference, and (c) is subject to prepayment in whole or in part as provided in
the Credit Agreement. This Note is secured and guaranteed as provided in the Loan Documents. Reference is hereby made to the Loan Documents for a description of the properties and assets in which a security interest has been granted, the nature and
extent of the security and the guarantees, the terms and conditions upon which the security interests and each guarantee were granted and the rights of the holder of this Note in respect thereof. 

The principal balance of the Term A Loans owing to the Lender, the rates of interest applicable thereto and the date and amount of each
payment made on account of the principal thereof, shall be recorded by the Lender on its books; provided that the failure of the Lender to make any such recordation or any error therein shall not in any manner affect the obligation of the TL
Borrower to make a payment when due of any amount owing under the Credit Agreement or this Note. 
 Upon the occurrence and during the
continuation of any one or more Events of Default, all principal and all accrued interest then remaining unpaid on this Note shall become, or may be declared to be, immediately due and payable, all as provided in the Credit Agreement. 

All parties now and hereafter liable with respect to this Note, whether maker, principal, surety, guarantor, endorser or otherwise, hereby
waive presentment, demand, protest and all other notices of any kind. 
 Unless otherwise defined herein, terms defined in the Credit
Agreement and used herein shall have the meanings given to them in the Credit Agreement. 
 NOTWITHSTANDING ANYTHING TO THE CONTRARY
CONTAINED HEREIN OR IN THE CREDIT AGREEMENT, THIS NOTE MAY NOT BE TRANSFERRED EXCEPT PURSUANT TO AND IN ACCORDANCE WITH THE REGISTRATION AND OTHER PROVISIONS OF SECTION 9.4 OF THE CREDIT AGREEMENT. 

THIS NOTE SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAW OF THE STATE OF NEW YORK. 

[Signature page follows] 

  
 G-1-2 

 IN WITNESS WHEREOF, the parties have hereby caused this Note to be duly executed by their
respective authorized officers as of the day and year first above written. 
  

			
	 HLF FINANCING SaRL, LLC

		
	 By:
	 	  

		 	 Name:

		 	 Title:

  
 G-1-3 

 Schedule A 

to Term Note 
 LOANS AND
PAYMENTS WITH RESPECT THERETO 
  

											
	 Date
	  	 Amount of

Loan Made
	  	 End of

Interest
 Period
	  	 Amount of

Principal of
 Eurodollar

Loans Repaid
	  	 Outstanding

Principal
 Balance This

Date
	  	 Notation

Made By

	
                    
	  	
                    
	  	
                    
	  	
                    
	  	
                    
	  	
                    

	
                    
	  	
                    
	  	
                    
	  	
                    
	  	
                    
	  	
                    

	
                    
	  	
                    
	  	
                    
	  	
                    
	  	
                    
	  	
                    

	
                    
	  	
                    
	  	
                    
	  	
                    
	  	
                    
	  	
                    

	
                    
	  	
                    
	  	
                    
	  	
                    
	  	
                    
	  	
                    

	
                    
	  	
                    
	  	
                    
	  	
                    
	  	
                    
	  	
                    

	
                    
	  	
                    
	  	
                    
	  	
                    
	  	
                    
	  	
                    

	
                    
	  	
                    
	  	
                    
	  	
                    
	  	
                    
	  	
                    

	
                    
	  	
                    
	  	
                    
	  	
                    
	  	
                    
	  	
                    

	
                    
	  	
                    
	  	
                    
	  	
                    
	  	
                    
	  	
                    

	
                    
	  	
                    
	  	
                    
	  	
                    
	  	
                    
	  	
                    

	
                    
	  	
                    
	  	
                    
	  	
                    
	  	
                    
	  	
                    

	
                    
	  	
                    
	  	
                    
	  	
                    
	  	
                    
	  	
                    

	
                    
	  	
                    
	  	
                    
	  	
                    
	  	
                    
	  	
                    

	
                    
	  	
                    
	  	
                    
	  	
                    
	  	
                    
	  	
                    

	
                    
	  	
                    
	  	
                    
	  	
                    
	  	
                    
	  	
                    

	
                    
	  	
                    
	  	
                    
	  	
                    
	  	
                    
	  	
                    

	
                    
	  	
                    
	  	
                    
	  	
                    
	  	
                    
	  	
                    

  

  
 G-1-4 

Schedule A 

 LOANS, CONTINUATIONS, CONVERSIONS AND REPAYMENTS OF EURODOLLAR LOANS 

 

													
	 Date
	  	 Amount of

Eurodollar
 Loans
	  	 Amount

Converted to
 Eurodollar

Loans
	  	 Interest

Period and
 Adjusted

LIBO Rate
 with
Respect

Thereto
	  	 Amount of

Principal of
 Eurodollar

Loans
 Repaid
	  	 Unpaid

Principal
 Balance of

Eurodollar
 Loans
	  	 Notation

Made By

	
        
	  	  
	  	  
	  	  
	  	  
	  	  
	  	  

	
        
	  	  
	  	  
	  	  
	  	  
	  	  
	  	  

	
        
	  	  
	  	  
	  	  
	  	  
	  	  
	  	  

	
        
	  	  
	  	  
	  	  
	  	  
	  	  
	  	  

	
        
	  	  
	  	  
	  	  
	  	  
	  	  
	  	  

	
        
	  	  
	  	  
	  	  
	  	  
	  	  
	  	  

  
 G-1-5 

 EXHIBIT G-2 

to the Credit Agreement 

FORM OF TERM B NOTE 
 THIS NOTE AND THE
OBLIGATIONS REPRESENTED HEREBY MAY NOT BE TRANSFERRED EXCEPT IN COMPLIANCE WITH THE TERMS AND PROVISIONS OF THE CREDIT AGREEMENT REFERRED TO BELOW. TRANSFERS OF THIS NOTE AND THE OBLIGATIONS REPRESENTED HEREBY MUST BE RECORDED IN THE REGISTER
MAINTAINED BY THE TERM LOAN B AGENT PURSUANT TO THE TERMS OF SUCH CREDIT AGREEMENT. 
  

			
	
$[                   
                         ]
	  	New York, New York

 FOR VALUE RECEIVED, the undersigned, HLF Financing SaRL, LLC, a Delaware limited liability company (including
its permitted successors, the “TL Borrower”), does hereby unconditionally promise to pay to
[                                        ]
(the “Lender”) or its registered assigns at the office of the Term Loan B Agent specified in the Credit Agreement (as hereinafter defined) in lawful money of the United States and in immediately available funds, the principal amount
of (a) [                    ] DOLLARS
($[                                        
]), or, if less, (b) the aggregate unpaid principal amount of all Term B Loans owing by the TL Borrower to the Lender pursuant to the Credit Agreement. The principal amount shall be paid in the applicable amounts and on the applicable dates
specified in the Credit Agreement. The TL Borrower further agrees to pay interest in like money at such office on the unpaid principal amount hereof from time to time outstanding at the applicable rates and on the applicable dates specified in the
Credit Agreement. 
 The holder of this Note is authorized to endorse on the schedules annexed hereto and made a part hereof or on a
continuation thereof which shall be attached hereto and made a part hereof the date, Type and amount of the Term B Loan and the date and amount of each payment or prepayment of principal with respect thereto, each conversion of all or a portion
thereof to another Type, each continuation of all or a portion thereof as the same Type and, in the case of Eurodollar Loans, the length of each Interest Period with respect thereto. Each such endorsement shall constitute prima facie evidence
of the accuracy of the information endorsed absent manifest error. The failure to make any such endorsement or any error in any such endorsement shall not affect the obligations of the TL Borrower in respect of the Term B Loan. 

This Note (a) is one of the Notes referred to in the Credit Agreement dated as of August 16, 2018 (as amended, restated,
amended and restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), among the TL Borrower, Herbalife Nutrition Ltd., a Cayman Islands exempted company incorporated with limited liability, Herbalife
International Luxembourg S.à R.L., a Luxembourg private limited liability company (société à responsabilité limitée), existing and organized under the laws of Luxembourg, having its registered office
at 16, avenue de la Gare, L-1610 Luxembourg and registered with the Luxembourg Register of Commerce and Companies (R.C.S. Luxembourg) under number B 88.006, Herbalife International, Inc., a Nevada
corporation (the “Revolver Borrowers” and together with the TL Borrower, the “Borrowers”), the several banks and other financial institutions or entities from time to time parties thereto as lenders, Jefferies
Finance LLC 

  
 G-2-1 

 
(“Jefferies”), as administrative agent for the Term Loan B Lenders (together with its successors and permitted assigns in such capacity, the “Term Loan B Agent”)
and collateral agent (together with its successors and permitted assigns in such capacity, the “Collateral Agent”), and Coöperatieve Rabobank U.A., New York Branch (“Rabobank”), as administrative agent for the
Term Loan A Lenders (together with its successors and permitted assigns in such capacity, the “Term Loan A Agent”; the Term Loan A Agent together with the Term Loan B Agent, the “Term Loan Administrative Agents” and
each, a “Term Loan Administrative Agent”), an Issuing Bank and as administrative agent for the Revolving Credit Lenders (together with its successors and permitted assigns in such capacity, the “Revolver Administrative
Agent” and, together with the Term Loan Administrative Agents, the “Administrative Agents”; the Term Loan Administrative Agents, the Collateral Agent and the Revolver Administrative Agent are referred to herein collectively
as the “Agents” and each, an “Agent”), (b) is subject to the provisions of the Credit Agreement, which are hereby incorporated herein by reference, and (c) is subject to prepayment in whole or in part as
provided in the Credit Agreement. This Note is secured and guaranteed as provided in the Loan Documents. Reference is hereby made to the Loan Documents for a description of the properties and assets in which a security interest has been granted, the
nature and extent of the security and the guarantees, the terms and conditions upon which the security interests and each guarantee were granted and the rights of the holder of this Note in respect thereof. 

The principal balance of the Term B Loans owing to the Lender, the rates of interest applicable thereto and the date and amount of each
payment made on account of the principal thereof, shall be recorded by the Lender on its books; provided that the failure of the Lender to make any such recordation or any error therein shall not in any manner affect the obligation of the TL
Borrower to make a payment when due of any amount owing under the Credit Agreement or this Note. 
 Upon the occurrence and during the
continuation of any one or more Events of Default, all principal and all accrued interest then remaining unpaid on this Note shall become, or may be declared to be, immediately due and payable, all as provided in the Credit Agreement. 

All parties now and hereafter liable with respect to this Note, whether maker, principal, surety, guarantor, endorser or otherwise, hereby
waive presentment, demand, protest and all other notices of any kind. 
 Unless otherwise defined herein, terms defined in the Credit
Agreement and used herein shall have the meanings given to them in the Credit Agreement. 
 NOTWITHSTANDING ANYTHING TO THE CONTRARY
CONTAINED HEREIN OR IN THE CREDIT AGREEMENT, THIS NOTE MAY NOT BE TRANSFERRED EXCEPT PURSUANT TO AND IN ACCORDANCE WITH THE REGISTRATION AND OTHER PROVISIONS OF SECTION 9.4 OF THE CREDIT AGREEMENT. 

  
 G-2-2 

 THIS NOTE SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAW OF THE STATE OF
NEW YORK. 
 [Signature page follows] 

  
 G-2-3 

 IN WITNESS WHEREOF, the parties have hereby caused this Note to be duly executed by their
respective authorized officers as of the day and year first above written. 
  

			
	 HLF FINANCING SaRL, LLC

		
	 By:
	 	  

		 	 Name:

		 	 Title:

  
 G-2-4 

 Schedule A 

to Term Note 
 LOANS AND
PAYMENTS WITH RESPECT THERETO 
  

											
	 Date
	  	 Amount of

Loan Made
	  	 End of

Interest
 Period
	  	 Amount of

Principal of
 Eurodollar

Loans Repaid
	  	 Outstanding
Principal
Balance This
Date
	  	 Notation

Made By

	
                    
	  	
                    
	  	
                    
	  	
                    
	  	
                    
	  	
                    

	
                    
	  	
                    
	  	
                    
	  	
                    
	  	
                    
	  	
                    

	
                    
	  	
                    
	  	
                    
	  	
                    
	  	
                    
	  	
                    

	
                    
	  	
                    
	  	
                    
	  	
                    
	  	
                    
	  	
                    

	
                    
	  	
                    
	  	
                    
	  	
                    
	  	
                    
	  	
                    

	
                    
	  	
                    
	  	
                    
	  	
                    
	  	
                    
	  	
                    

	
                    
	  	
                    
	  	
                    
	  	
                    
	  	
                    
	  	
                    

	
                    
	  	
                    
	  	
                    
	  	
                    
	  	
                    
	  	
                    

	
                    
	  	
                    
	  	
                    
	  	
                    
	  	
                    
	  	
                    

	
                    
	  	
                    
	  	
                    
	  	
                    
	  	
                    
	  	
                    

	
                    
	  	
                    
	  	
                    
	  	
                    
	  	
                    
	  	
                    

	
                    
	  	
                    
	  	
                    
	  	
                    
	  	
                    
	  	
                    

	
                    
	  	
                    
	  	
                    
	  	
                    
	  	
                    
	  	
                    

	
                    
	  	
                    
	  	
                    
	  	
                    
	  	
                    
	  	
                    

	
                    
	  	
                    
	  	
                    
	  	
                    
	  	
                    
	  	
                    

	
                    
	  	
                    
	  	
                    
	  	
                    
	  	
                    
	  	
                    

	
                    
	  	
                    
	  	
                    
	  	
                    
	  	
                    
	  	
                    

	
                    
	  	
                    
	  	
                    
	  	
                    
	  	
                    
	  	
                    

  
 G-2-5 

Schedule A 

 Schedule B 

to Term Note 
 LOANS,
CONTINUATIONS, CONVERSIONS AND REPAYMENTS OF 
 EURODOLLAR LOANS 

 

													
	 Date
	  	 Amount of
Eurodollar

Loans
	  	 Amount

Converted to
Eurodollar

Loans
	  	 Interest

Period and
Adjusted
 LIBO
Rate
 with
Respect
Thereto
	  	 Amount of
Principal of
Eurodollar

Loans
 Repaid
	  	 Unpaid

Principal
 Balance
of
Eurodollar
 Loans
	  	 Notation

Made By

	
        
	  	  
	  	  
	  	  
	  	  
	  	  
	  	  

	
        
	  	  
	  	  
	  	  
	  	  
	  	  
	  	  

	
        
	  	  
	  	  
	  	  
	  	  
	  	  
	  	  

	
        
	  	  
	  	  
	  	  
	  	  
	  	  
	  	  

	
        
	  	  
	  	  
	  	  
	  	  
	  	  
	  	  

	
        
	  	  
	  	  
	  	  
	  	  
	  	  
	  	  

  
 G-2-6 

 EXHIBIT G-3 

to the Credit Agreement 

FORM OF REVOLVING CREDIT NOTE 
  

			
	
$[                   
                         ]
	  	New York, New York

 FOR VALUE RECEIVED, each of the undersigned Herbalife Nutrition Ltd., a Cayman Islands
exempted company incorporated with limited liability, HLF Financing SaRL, LLC, a Delaware limited liability company, Herbalife International Luxembourg S.à R.L., a Luxembourg private limited liability company (société
à responsabilité limitée), existing and organized under the laws of Luxembourg, having its registered office at 16, avenue de la Gare, L-1610 Luxembourg and registered with the
Luxembourg Register of Commerce and Companies (R.C.S. Luxembourg) under number B 88.006, and Herbalife International, Inc., a Nevada corporation (each including its permitted successors, a “Revolver Borrower” and,
collectively, the “Revolver Borrowers”) each do hereby severally and not jointly unconditionally promise to pay to
                                         
    (the “Lender”) or its registered assigns (the “Lender”), in accordance with the provisions of the Credit Agreement (as hereinafter defined), the principal amount of each Revolving Credit Loan
from time to time made by the Lender to Revolver Borrowers under that certain Credit Agreement, dated as of August 16, 2018 (as amended, restated, extended, supplemented or otherwise modified in writing from time to time, the “Credit
Agreement;” the terms defined therein being used herein as therein defined), among HLF Financing SaRL, LLC, a Delaware limited liability company (“TL Borrower”; the Revolver Borrowers, together with the TL Borrower, are
referred to herein as the “Borrowers”), the Revolver Borrowers, the several banks and other financial institutions or entities from time to time parties thereto as lenders, Jefferies Finance LLC (“Jefferies”), as
administrative agent for the Term Loan B Lenders (together with its successors and permitted assigns in such capacity, the “Term Loan B Agent”) and collateral agent (together with its successors and permitted assigns in such
capacity, the “Collateral Agent”), and Coöperatieve Rabobank U.A., New York Branch (“Rabobank”), as administrative agent for the Term Loan A Lenders (together with its successors and permitted assigns in such
capacity, the “Term Loan A Agent”; the Term Loan A Agent together with the Term Loan B Agent, the “Term Loan Administrative Agents” and each, a “Term Loan Administrative Agent”), an Issuing Bank and
as administrative agent for the Revolving Credit Lenders (together with its successors and permitted assigns in such capacity, the “Revolver Administrative Agent” and, together with the Term Loan Administrative Agents, the
“Administrative Agents”; the Term Loan Administrative Agents, the Collateral Agent and the Revolver Administrative Agent are referred to herein collectively as the “Agents” and each, an “Agent”).

 The Revolver Borrowers further agree, severally and not jointly, to pay interest on the unpaid principal amount of each
Revolving Credit Loan from the date of such Revolving Credit Loan until such principal amount is paid in full, at such interest rates and at such times as provided in the Credit Agreement. The Revolver Borrowers may borrow, prepay and reborrow
Revolving Credit Loans during the Availability Period. Pursuant to Section 2.4 of the Credit Agreement, Revolving Credit Loans may be Base Rate Loans or Eurodollar Loans. If any amount is not paid in full when due
hereunder, such unpaid amount shall bear interest, to be paid 

  
 G-3-1 

 
upon demand, from the due date thereof until the date of actual payment (and before as well as after judgment) computed at the per annum rate set forth in the Credit Agreement. 

This Note is one of the Notes referred to in the Credit Agreement, is entitled to the benefits thereof and may be prepaid in whole or in part
subject to the terms and conditions provided therein. This Note is also entitled to the benefits of the Guaranties and is secured by the Collateral. Upon the occurrence and continuation of one or more of the Events of Default specified in the Credit
Agreement, all amounts then remaining unpaid on this Note shall become, or may be declared to be, immediately due and payable all as provided in the Credit Agreement. Revolving Credit Loans made by the Lender shall be evidenced by one or more loan
accounts or records maintained by the Lender in the ordinary course of business. The Lender may also attach schedules to this Note and endorse thereon the date, amount, currency and maturity of its Revolving Credit Loans and payments with respect
thereto. 
 Each Revolver Borrower, for itself, its successors and assigns, hereby waives diligence, presentment, protest and demand and
notice of protest, demand, dishonor and non-payment of this Note. 
 THIS NOTE SHALL BE GOVERNED BY
AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK. 
 [Signature page follows] 

  
 G-3-2 

 
			
	 HERBALIFE NUTRITION LTD.

	 HLF FINANCING SaRL, LLC

	 HERBALIFE INTERNATIONAL

	 LUXEMBOURG S.À R.L.

	 HERBALIFE INTERNATIONAL, INC.

		
	 By:
	 	  

		 	 Name:

		 	 Title:

  
 G-3-3 

 Schedule A 

to Revolving Credit Note 

REVOLVING CREDIT LOANS AND PAYMENTS WITH RESPECT THERETO 
  

													
	 Date
	  	 Type of

Loan Made
	  	 Currency and
Amount of

Loan Made
	  	 End of

Interest
 Period
	  	 Amount of
Principal or
Interest

Paid This
 Date
	  	 Outstanding
Principal

Balance
 This Date
	  	 Notation

Made By

	
                    
	  	
                    
	  	
                    
	  	
                    

	  	
                    

	  	
                    

	  	
                    

	
                    
	  	
                    
	  	
                    
	  	
                    

	  	
                    

	  	
                    

	  	
                    

	
                    
	  	
                    
	  	
                    
	  	
                    

	  	
                    

	  	
                    

	  	
                    

	
                    
	  	
                    
	  	
                    
	  	
                    

	  	
                    

	  	
                    

	  	
                    

	
                    
	  	
                    
	  	
                    
	  	
                    

	  	
                    

	  	
                    

	  	
                    

	
                    
	  	
                    
	  	
                    
	  	
                    

	  	
                    

	  	
                    

	  	
                    

	
                    
	  	
                    
	  	
                    
	  	
                    

	  	
                    

	  	
                    

	  	
                    

	
                    
	  	
                    
	  	
                    
	  	
                    

	  	
                    

	  	
                    

	  	
                    

	
                    
	  	
                    
	  	
                    
	  	
                    

	  	
                    

	  	
                    

	  	
                    

	
                    
	  	
                    
	  	
                    
	  	
                    

	  	
                    

	  	
                    

	  	
                    

	
                    
	  	
                    
	  	
                    
	  	
                    

	  	
                    

	  	
                    

	  	
                    

	
                    
	  	
                    
	  	
                    
	  	
                    

	  	
                    

	  	
                    

	  	
                    

	
                    
	  	
                    
	  	
                    
	  	
                    

	  	
                    

	  	
                    

	  	
                    

	
                    
	  	
                    
	  	
                    
	  	
                    

	  	
                    

	  	
                    

	  	
                    

	
                    
	  	
                    
	  	
                    
	  	
                    

	  	
                    

	  	
                    

	  	
                    

	
                    
	  	
                    
	  	
                    
	  	
                    

	  	
                    

	  	
                    

	  	
                    

	
                    
	  	
                    
	  	
                    
	  	
                    

	  	
                    

	  	
                    

	  	
                    

	
                    
	  	
                    
	  	
                    
	  	
                    

	  	
                    

	  	
                    

	  	
                    

	
                    
	  	
                    
	  	
                    
	  	
                    

	  	
                    

	  	
                    

	  	
                    

	
                    
	  	
                    
	  	
                    
	  	
                    

	  	
                    

	  	
                    

	  	
                    

	
                    
	  	
                    
	  	
                    
	  	
                    

	  	
                    

	  	
                    

	  	
                    

	
                    
	  	
                    
	  	
                    
	  	
                    

	  	
                    

	  	
                    

	  	
                    

  
 G-3-4 

Schedule A 

 EXHIBIT H-1 

to the Credit Agreement 

FORM OF 
 U.S. TAX
CERTIFICATE 
 (For Non-U.S. Lenders That Are Not Partnerships For U.S. Federal
Income Tax Purposes) 
 Reference is hereby made to the Credit Agreement dated as of August 16, 2018 (as
amended, restated, amended and restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), among HLF Financing SaRL, LLC, a Delaware limited liability company (the “TL Borrower”),
Herbalife Nutrition Ltd., a Cayman Islands exempted company incorporated with limited liability, Herbalife International Luxembourg S.à R.L., a Luxembourg private limited liability company (société à
responsabilité limitée), existing and organized under the laws of Luxembourg, having its registered office at 16, avenue de la Gare, L-1610 Luxembourg and registered with the Luxembourg
Register of Commerce and Companies (R.C.S. Luxembourg) under number B 88.006, Herbalife International, Inc., a Nevada corporation (the “Revolver Borrowers” and together with the TL Borrower, the “Borrowers”),
the several banks and other financial institutions or entities from time to time parties thereto as lenders, Jefferies Finance LLC (“Jefferies”), as administrative agent for the Term Loan B Lenders (together with its successors and
permitted assigns in such capacity, the “Term Loan B Agent”) and collateral agent (together with its successors and permitted assigns in such capacity, the “Collateral Agent”), and Coöperatieve Rabobank U.A.,
New York Branch (“Rabobank”), as administrative agent for the Term Loan A Lenders (together with its successors and permitted assigns in such capacity, the “Term Loan A Agent”; the Term Loan A Agent together with
the Term Loan B Agent, the “Term Loan Administrative Agents” and each, a “Term Loan Administrative Agent”), an Issuing Bank and as administrative agent for the Revolving Credit Lenders (together with its successors
and permitted assigns in such capacity, the “Revolver Administrative Agent” and, together with the Term Loan Administrative Agents, the “Administrative Agents”; the Term Loan Administrative Agents, the Collateral
Agent and the Revolver Administrative Agent are referred to herein collectively as the “Agents” and each, an “Agent”). 

Pursuant to the provisions of Section 2.19 of the Credit Agreement, the undersigned hereby certifies that (i) it is
the sole record and beneficial owner of the Loan(s) (as well as any Note(s) evidencing such Loan(s)) in respect of which it is providing this certificate, (ii) it is not a bank within the meaning of Section 881(c)(3)(A) of the Code,
(iii) it is not a ten percent shareholder of any Borrower within the meaning of Section 881(c)(3)(B) of the Code and (iv) it is not a controlled foreign corporation related to any Borrower as described in Section 881(c)(3)(C) of
the Code. 
 The undersigned has furnished the applicable Administrative Agent and the applicable Borrower with a
certificate of its non-US Person status on IRS Form W-8BEN or W-8BEN-E, as
applicable. By executing this certificate, the undersigned agrees that (1) if the information provided on this certificate changes, the undersigned shall promptly so inform the applicable Borrower and the applicable Administrative Agent and
(2) the undersigned shall have at all times furnished the applicable Borrower and the applicable Administrative Agent with a properly 

  
 H-1-1 

 
completed and currently effective certificate in either the calendar year in which each payment is to be made to the undersigned, or in either of the two calendar years preceding such payments.

 Unless otherwise defined herein, terms defined in the Credit Agreement and used herein shall have the meanings given to
them in the Credit Agreement. 
  

			
	 [NAME OF LENDER]

		
	 By:
	 	  

		 	 Name:

		 	 Title:

		
	 Date:
	 	
                    
        , 20[     ]

  
 H-1-2 

 EXHIBIT H-2 

to the Credit Agreement 

FORM OF 
 U.S. TAX
CERTIFICATE 
 (For Non-U.S. Participants That Are Not Partnerships For U.S. Federal
Income Tax Purposes) 
 Reference is hereby made to the Credit Agreement dated as of August 16, 2018 (as
amended, restated, amended and restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), among HLF Financing SaRL, LLC, a Delaware limited liability company (the “TL Borrower”),
Herbalife Nutrition Ltd., a Cayman Islands exempted company incorporated with limited liability, Herbalife International Luxembourg S.à R.L., a Luxembourg private limited liability company (société à
responsabilité limitée), existing and organized under the laws of Luxembourg, having its registered office at 16, avenue de la Gare, L-1610 Luxembourg and registered with the Luxembourg
Register of Commerce and Companies (R.C.S. Luxembourg) under number B 88.006, Herbalife International, Inc., a Nevada corporation (the “Revolver Borrowers” and together with the TL Borrower, the “Borrowers”),
the several banks and other financial institutions or entities from time to time parties thereto as lenders, Jefferies Finance LLC (“Jefferies”), as administrative agent for the Term Loan B Lenders (together with its successors and
permitted assigns in such capacity, the “Term Loan B Agent”) and collateral agent (together with its successors and permitted assigns in such capacity, the “Collateral Agent”), and Coöperatieve Rabobank U.A.,
New York Branch (“Rabobank”), as administrative agent for the Term Loan A Lenders (together with its successors and permitted assigns in such capacity, the “Term Loan A Agent”; the Term Loan A Agent together with
the Term Loan B Agent, the “Term Loan Administrative Agents” and each, a “Term Loan Administrative Agent”), an Issuing Bank and as administrative agent for the Revolving Credit Lenders (together with its successors
and permitted assigns in such capacity, the “Revolver Administrative Agent” and, together with the Term Loan Administrative Agents, the “Administrative Agents”; the Term Loan Administrative Agents, the Collateral
Agent and the Revolver Administrative Agent are referred to herein collectively as the “Agents” and each, an “Agent”). 

Pursuant to the provisions of Section 2.19 of the Credit Agreement, the undersigned hereby certifies that (i) it is
the sole record and beneficial owner of the participation in respect of which it is providing this certificate, (ii) it is not a bank within the meaning of Section 881(c)(3)(A) of the Code, (iii) it is not a ten percent shareholder of
any Borrower within the meaning of Section 881(c)(3)(B) of the Code and (iv) it is not a controlled foreign corporation related to any Borrower as described in Section 881(c)(3)(C) of the Code. 

The undersigned has furnished its participating Lender with a certificate of its
non-US Person status on IRS Form W-8BEN or W-8BEN-E, as applicable. By
executing this certificate, the undersigned agrees that (1) if the information provided on this certificate changes, the undersigned shall promptly so inform such Lender in writing and (2) the undersigned shall have at all times furnished
such Lender with a properly completed and currently effective certificate in either the calendar year in which each payment is to be made to the undersigned, or in either of the two calendar years preceding such payments. 

  
 H-2-1 

 Unless otherwise defined herein, terms defined in the Credit Agreement and
used herein shall have the meanings given to them in the Credit Agreement. 
  

			
	 [NAME OF PARTICIPANT]

		
	 By:
	 	  

		 	 Name:

		 	 Title:

		
	 Date:
	 	
                    
        , 20[     ]

  
 H-2-2 

 EXHIBIT H-3 

to the Credit Agreement 

FORM OF 
 U.S. TAX
CERTIFICATE 
 (For Non-U.S. Participants That Are Partnerships For U.S. Federal
Income Tax Purposes) 
 Reference is hereby made to the Credit Agreement dated as of August 16, 2018 (as
amended, restated, amended and restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), among HLF Financing SaRL, LLC, a Delaware limited liability company (the “TL Borrower”),
Herbalife Nutrition Ltd., a Cayman Islands exempted company incorporated with limited liability, Herbalife International Luxembourg S.à R.L., a Luxembourg private limited liability company (société à
responsabilité limitée), existing and organized under the laws of Luxembourg, having its registered office at 16, avenue de la Gare, L-1610 Luxembourg and registered with the Luxembourg
Register of Commerce and Companies (R.C.S. Luxembourg) under number B 88.006, Herbalife International, Inc., a Nevada corporation (the “Revolver Borrowers” and together with the TL Borrower, the “Borrowers”),
the several banks and other financial institutions or entities from time to time parties thereto as lenders, Jefferies Finance LLC (“Jefferies”), as administrative agent for the Term Loan B Lenders (together with its successors and
permitted assigns in such capacity, the “Term Loan B Agent”) and collateral agent (together with its successors and permitted assigns in such capacity, the “Collateral Agent”), and Coöperatieve Rabobank U.A.,
New York Branch (“Rabobank”), as administrative agent for the Term Loan A Lenders (together with its successors and permitted assigns in such capacity, the “Term Loan A Agent”; the Term Loan A Agent together with
the Term Loan B Agent, the “Term Loan Administrative Agents” and each, a “Term Loan Administrative Agent”), an Issuing Bank and as administrative agent for the Revolving Credit Lenders (together with its successors
and permitted assigns in such capacity, the “Revolver Administrative Agent” and, together with the Term Loan Administrative Agents, the “Administrative Agents”; the Term Loan Administrative Agents, the Collateral
Agent and the Revolver Administrative Agent are referred to herein collectively as the “Agents” and each, an “Agent”). 

Pursuant to the provisions of Section 2.19 of the Credit Agreement, the undersigned hereby certifies that (i) it is
the sole record owner of the participation in respect of which it is providing this certificate, (ii) its direct or indirect partners/members are the sole beneficial owners of such participation, (iii) with respect to such participation,
neither the undersigned nor any of its direct or indirect partners/members is a bank extending credit pursuant to a loan agreement entered into in the ordinary course of its trade or business within the meaning of Section 881(c)(3)(A) of the
Code, (iv) none of its direct or indirect partners/members is a ten percent shareholder of any Borrower within the meaning of Section 881(c)(3)(B) of the Code and (v) none of its direct or indirect partners/members is a controlled
foreign corporation related to any Borrower as described in Section 881(c)(3)(C) of the Code. 
 The undersigned has
furnished its participating Lender with IRS Form W-8IMY accompanied by one of the following forms from each of its partners/members that is claiming the portfolio interest exemption: (i) an IRS Form W-8BEN or W-8BEN-E, as applicable, or (ii) an IRS Form W-8IMY accompanied by an IRS Form W-8BEN or W-8BEN-E, as applicable, 

  
 H-3-1 

 
from each of such partner’s/member’s beneficial owners that is claiming the portfolio interest exemption. By executing this certificate, the undersigned agrees that (1) if the
information provided on this certificate changes, the undersigned shall promptly so inform such Lender and (2) the undersigned shall have at all times furnished such Lender with a properly completed and currently effective certificate in either
the calendar year in which each payment is to be made to the undersigned, or in either of the two calendar years preceding such payments. 

Unless otherwise defined herein, terms defined in the Credit Agreement and used herein shall have the meanings given to them
in the Credit Agreement. 

  
 H-3-2 

			
	 [NAME OF PARTICIPANT]

		
	 By:
	 	  

		 	 Name:

		 	 Title:

		
	 Date:
	 	
                    
        , 20[     ]

  
 H-3-3 

 EXHIBIT H-4 

to the Credit Agreement 

FORM OF 
 U.S. TAX
CERTIFICATE 
 (For Non-U.S. Lenders That Are Partnerships For U.S. Federal Income
Tax Purposes) 
 Reference is hereby made to the Credit Agreement dated as of August 16, 2018 (as amended,
restated, amended and restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), among HLF Financing SaRL, LLC, a Delaware limited liability company (the “TL Borrower”), Herbalife
Nutrition Ltd., a Cayman Islands exempted company incorporated with limited liability, Herbalife International Luxembourg S.à R.L., a Luxembourg private limited liability company (société à responsabilité
limitée), existing and organized under the laws of Luxembourg, having its registered office at 16, avenue de la Gare, L-1610 Luxembourg and registered with the Luxembourg Register of Commerce and
Companies (R.C.S. Luxembourg) under number B 88.006, Herbalife International, Inc., a Nevada corporation (the “Revolver Borrowers” and together with the TL Borrower, the “Borrowers”), the several banks and
other financial institutions or entities from time to time parties thereto as lenders, Jefferies Finance LLC (“Jefferies”), as administrative agent for the Term Loan B Lenders (together with its successors and permitted assigns in
such capacity, the “Term Loan B Agent”) and collateral agent (together with its successors and permitted assigns in such capacity, the “Collateral Agent”), and Coöperatieve Rabobank U.A., New York Branch
(“Rabobank”), as administrative agent for the Term Loan A Lenders (together with its successors and permitted assigns in such capacity, the “Term Loan A Agent”; the Term Loan A Agent together with the Term Loan B
Agent, the “Term Loan Administrative Agents” and each, a “Term Loan Administrative Agent”), an Issuing Bank and as administrative agent for the Revolving Credit Lenders (together with its successors and permitted
assigns in such capacity, the “Revolver Administrative Agent” and, together with the Term Loan Administrative Agents, the “Administrative Agents”; the Term Loan Administrative Agents, the Collateral Agent and the
Revolver Administrative Agent are referred to herein collectively as the “Agents” and each, an “Agent”). 

Pursuant to the provisions of Section 2.19 of the Credit Agreement, the undersigned hereby certifies that (i) it is
the sole record owner of the Loan(s) (as well as any Note(s) evidencing such Loan(s)) in respect of which it is providing this certificate, (ii) its direct or indirect partners/members are the sole beneficial owners of such Loan(s) (as well as
any Note(s) evidencing such Loan(s)), (iii) with respect to the extension of credit pursuant to this Credit Agreement or any other Loan Document, neither the undersigned nor any of its direct or indirect partners/members is a bank extending
credit pursuant to a loan agreement entered into in the ordinary course of its trade or business within the meaning of Section 881(c)(3)(A) of the Code, (iv) none of its direct or indirect partners/members is a ten percent shareholder of
any Borrower within the meaning of Section 881(c)(3)(B) of the Code and (v) none of its direct or indirect partners/members is a controlled foreign corporation related to any Borrower as described in Section 881(c)(3)(C) of the Code.

 The undersigned has furnished the applicable Administrative Agent and the applicable Borrower with IRS Form W-8IMY accompanied by one of the following forms for each of its 

  
 H-4-1 

 
partners/members that is claiming the portfolio interest exemption: (i) an IRS Form W-8BEN or W-8BEN-E, as applicable, or (ii) an IRS Form W-8IMY accompanied by an IRS Form W-8BEN or W-8BEN-E, as applicable, from each of such partner’s/member’s beneficial owners that is claiming the portfolio interest exemption. By executing this certificate, the
undersigned agrees that (1) if the information provided on this certificate changes, the undersigned shall promptly so inform the applicable Borrower and the applicable Administrative Agent and (2) the undersigned shall have at all times
furnished the applicable Borrower and the applicable Administrative Agent with a properly completed and currently effective certificate in either the calendar year in which each payment is to be made to the undersigned, or in either of the two
calendar years preceding such payments. 
 Unless otherwise defined herein, terms defined in the Credit Agreement and used
herein shall have the meanings given to them in the Credit Agreement. 

  
 H-4-2 

			
	 [NAME OF LENDER]

		
	 By:
	 	  

		 	 Name:

		 	 Title:

		
	 Date:
	 	
                    
        , 20[     ]

  
 H-4-3 

 EXHIBIT I 

to the Credit Agreement 

FORM OF BORROWING REQUEST 

[Date] 
  

[Jefferies Finance LLC 
 As Term Loan B Administrative Agent 

520 Madison Avenue 
 New York, NY 10022 

Attention: Account Manager — Herbalife 
 Facsimile: (212) 284-3444 
 Email: JFin.Admin@Jefferies.com]1 

[Coöperatieve Rabobank U.A., New York Branch, 

as Term Loan A Administrative Agent 
 Coöperatieve Rabobank
U.A., New York Branch 
 Capital Markets and Agency Services

Attention: Anna Marie Ybanez 
 Telephone: (212) 574-7334 
 Facsimile: (914) 304-9327 

E-mail: fm.am.SyndicatedLoans@rabobank.com with a copy to: 

AnnaMarie.Ybanez@rabobank.com and Ann.McDonough@rabobank.com]2 

[Coöperatieve Rabobank U.A., New York Branch, 

as Revolver Administrative Agent 
 Coöperatieve Rabobank
U.A., New York Branch 
 Capital Markets and Agency Services

Attention: Anna Marie Ybanez 
 Telephone: (212) 574-7334 
 Facsimile: (914) 304-9327 

E-mail: fm.am.SyndicatedLoans@rabobank.com with a copy to: 

AnnaMarie.Ybanez@rabobank.com and Ann.McDonough@rabobank.com]3 

[HLF FINANCING SaRL, LLC] 

[HERBALIFE NUTRITION LTD. 

HERBALIFE INTERNATIONAL LUXEMBOURG S.À R.L. 

HERBALIFE INTERNATIONAL, INC.]4 

Ladies and Gentlemen: 
  

1 Select as appropriate. 

2 Select as appropriate. 

3 Select as appropriate. 

4 Select as appropriate. 

  
 I-1 

 Pursuant to Section
[2.2][2.6]5 of that certain Credit Agreement dated as of August 16, 2018 (as amended, restated, amended and restated, supplemented or otherwise modified from time to time, the “Credit
Agreement”; capitalized terms used but not defined herein having the meanings given such terms in the Credit Agreement), among HLF Financing SaRL, LLC, a Delaware limited liability (“TL Borrower”), Herbalife Nutrition Ltd.,
a Cayman Islands exempted company incorporated with limited liability (“Parent”), Herbalife International Luxembourg S.à R.L., a Luxembourg private limited liability company (société à
responsabilité limitée), existing and organized under the laws of Luxembourg, having its registered office at 16, avenue de la Gare, L-1610 Luxembourg and registered with the Luxembourg
Register of Commerce and Companies (R.C.S. Luxembourg) under number B 88.006 (“HIL”), Herbalife International, Inc., a Nevada corporation (“HII” and, together with Parent, TL Borrower and HIL, the
“Revolver Borrowers”; the Revolver Borrowers, together with the TL Borrower, are referred to herein as the “Borrowers”), the several banks and other financial institutions or entities from time to time parties
thereto as lenders, Jefferies Finance LLC (“Jefferies”), as administrative agent for the Term Loan B Lenders (together with its successors and permitted assigns in such capacity, the “Term Loan B Agent”) and
collateral agent (together with its successors and permitted assigns in such capacity, the “Collateral Agent”), and Coöperatieve Rabobank U.A., New York Branch (“Rabobank”), as administrative agent for the Term
Loan A Lenders (together with its successors and permitted assigns in such capacity, the “Term Loan A Agent”; the Term Loan A Agent together with the Term Loan B Agent, the “Term Loan Administrative Agents” and
each, a “Term Loan Administrative Agent”), an Issuing Bank and as administrative agent for the Revolving Credit Lenders (together with its successors and permitted assigns in such capacity, the “Revolver Administrative
Agent” and, together with the Term Loan Administrative Agents, the “Administrative Agents”; the Term Loan Administrative Agents, the Collateral Agent and the Revolver Administrative Agent are referred to herein collectively
as the “Agents” and each, an “Agent”), the [TL Borrower][Revolver Borrowers]6 hereby request a [Term Loan][Revolver Credit Loan]7 under the Credit Agreement, and in that connection set forth below the information relating to such [Term Loan][Revolver Credit Loan]8: 

1.         The requested date for the borrowing of the proposed [Term Loan][Revolving
Credit Loan]9 is [                    
        , 20        ] (the “Borrowing Date”).10 

2.         The Type of the proposed [Term A Loan][Term B Loan][Revolving Credit Loan]11 is a [Eurodollar Loan][ABR Loan].12 

 
 5 Select as appropriate. 
 6 Select as
appropriate. 
 7 Select as appropriate. 

8 Select as appropriate. 

9 Select as appropriate. 

10 The Borrowing Request shall be delivered (a) in the case of a Eurodollar Borrowing
denominated in US Dollars, not later than 1:00 p.m., New York City time, three (3) Business Days before the date of the proposed Borrowing (other than Eurodollar Borrowings to be incurred on the Closing Date which notice may be given one
(1) Business Day prior to the Closing Date) (b) in the case of a Eurodollar Borrowing denominated in an Alternative Currency, not later than 1:00 p.m., New York City time, four (4) Business Days (or five (5) Business Days in
the case of a Special Notice Currency) before the date of the proposed Borrowing (other than Eurodollar Borrowings to be incurred on the Closing Date which notice may be given one (1) Business Day prior to the Closing Date) or (c) in the
case of an ABR Borrowing, not later than 12:00 p.m., New York City time, on the date of the proposed Borrowing. 
 11 Select as appropriate. 
 12 Select
as appropriate. 

  
 I-2 

 3.         The aggregate amount of
the proposed [Term A Loan][Term B Loan][Revolving Credit Loan]13 is US $[___]. 

4.         The initial Interest Period for the proposed [Term A Loan][Term B
Loan][Revolving Credit Loan]14 is __________15. 

5.         [Insert location and number of the account to which the funds requested
pursuant to this Borrowing Request are to be disbursed.]16 
  

			
	 Very truly yours,

	
	 [Term Loan Borrower

	
	 HLF FINANCING SaRL, LLC]

	
	 [Revolver Borrowers

	 HERBALIFE NUTRITION LTD.

	 HLF FINANCING SaRL, LLC

	 HERBALIFE INTERNATIONAL

	 LUXEMBOURG S.À R.L.

	 HERBALIFE INTERNATIONAL, INC.]17

		
	 By:
	 	  

		 	 Name:

		 	 Title:

  
  

13 Select as appropriate. 

14 Select as appropriate. 

15 With respect to any Eurodollar Borrowing, the period commencing on the date of such
Borrowing and ending on the numerically corresponding day in the calendar month that is one, two, three or six months (or, if by all participating Lenders, twelve months) or, solely with respect to Revolving Credit Borrowings, one day or one week,
thereafter, as the applicable Borrowers may elect. 
 16 The account must be reasonably
approved by the applicable Term Loan Administrative Agent or Revolver Administrative Agent, as applicable. 
 17 Select as appropriate. 

  
 I-3 

 EXHIBIT J 

to the Credit Agreement 

FORM OF SOLVENCY CERTIFICATE 

August 16, 2018 
 This
Solvency Certificate is being executed and delivered pursuant to Section 4.1(g) of that certain Credit Agreement by and among HLF Financing SaRL, LLC, a Delaware limited liability (“TL Borrower”), Herbalife Nutrition Ltd., a
Cayman Islands exempted company incorporated with limited liability (“Parent”), Herbalife International Luxembourg S.à R.L., a Luxembourg private limited liability company (société à
responsabilité limitée), existing and organized under the laws of Luxembourg, having its registered office at 16, avenue de la Gare, L-1610 Luxembourg and registered with the Luxembourg
Register of Commerce and Companies (R.C.S. Luxembourg) under number B 88.006 (“HIL”), Herbalife International, Inc., a Nevada corporation (“HII” and, together with Parent, TL Borrower and HIL, the
“Revolver Borrowers”; the Revolver Borrowers, together with the TL Borrower, are referred to herein as the “Borrowers”), the several banks and other financial institutions or entities from time to time parties
thereto as lenders, Jefferies Finance LLC (“Jefferies”), as administrative agent for the Term Loan B Lenders (together with its successors and permitted assigns in such capacity, the “Term Loan B Agent”) and
collateral agent (together with its successors and permitted assigns in such capacity, the “Collateral Agent”), and Coöperatieve Rabobank U.A., New York Branch (“Rabobank”), as administrative agent for the Term
Loan A Lenders (together with its successors and permitted assigns in such capacity, the “Term Loan A Agent”; the Term Loan A Agent together with the Term Loan B Agent, the “Term Loan Administrative Agents” and
each, a “Term Loan Administrative Agent”), an Issuing Bank and as administrative agent for the Revolving Credit Lenders (together with its successors and permitted assigns in such capacity, the “Revolver Administrative
Agent” and, together with the Term Loan Administrative Agents, the “Administrative Agents”; the Term Loan Administrative Agents, the Collateral Agent and the Revolver Administrative Agent are referred to herein collectively
as the “Agents” and each, an “Agent”), which provides for a term loan facility in the aggregate principal amount of up to [$300.0] million (the “Credit Agreement”; the terms defined therein being used
herein as therein defined). 
 I,
[                                    ], a Responsible Officer of
Parent, in such capacity and not in an individual capacity, hereby certify on behalf of the Parent as follows: 

1.         The sum of the debt and liabilities (subordinated, contingent or otherwise)
of Parent and its Subsidiaries, on a consolidated basis, does not exceed the fair value of the present assets of Parent and its Subsidiaries, on a consolidated basis. 

2.         The capital of Parent and its Subsidiaries, on a consolidated basis, is not
unreasonably small in relation to their business as conducted or contemplated to be conducted on the date hereof. 

3.         The present fair saleable value of the assets of Parent and its
Subsidiaries, on a consolidated basis, is greater than the total amount that will be required to pay the probable 

  
 J-1 

 
liabilities (including contingent liabilities), on a consolidated basis, of Parent and its Subsidiaries as they become absolute and matured. 

4.         Parent and its Subsidiaries, on a consolidated basis, have not incurred and
do not intend to incur, or believe that they will incur, debts or other liabilities, including current obligations, beyond their ability to pay such debts or other liabilities as they become due (whether at maturity or otherwise). 

5.         For purposes of this Solvency Certificate, the amount of any contingent
liability has been computed as the amount that, in light of all of the facts and circumstances existing as of the date hereof, represents the amount that can reasonably be expected to become an actual or matured liability. 

6.         In reaching the conclusions set forth in this Solvency Certificate, the
undersigned has (i) reviewed the Credit Agreement and other Loan Documents referred to therein and such other documents deemed relevant and (ii) made such other investigations and inquiries as the undersigned has deemed appropriate. The
undersigned is familiar with the financial performance and prospects of Parent and its Subsidiaries. 

7.         The undersigned confirms and acknowledges that the Collateral Agent and the
Lenders are relying on the truth and accuracy of this Solvency Certificate in connection with the Commitments and Loans under the Credit Agreement. 

[Signature page follows] 

  
 J-2 

 IN WITNESS WHEREOF, I have executed this Solvency Certificate on the date
first written above. 
  
  

			
	 HERBALIFE NUTRITION LTD.

		
	 By:
	 	  

		 	 Name:

		 	 Title: [Responsible Officer]

  
 J-3 

 EXHIBIT K 

to the Credit Agreement 

FORM OF NOTICE OF ADDITIONAL GUARANTOR 

[Jefferies Finance LLC 
 520 Madison Avenue 

New York, NY 10022] 
 HLF
FINANCING SaRL, LLC 
 HERBALIFE NUTRITION LTD. 

HERBALIFE INTERNATIONAL LUXEMBOURG S.À R.L. 

HERBALIFE INTERNATIONAL, INC. 
  

Ladies and Gentlemen: 

This Notice of Additional Guarantor is delivered pursuant to Section 9.18 of that certain Credit
Agreement, dated August 16, 2018 (as amended, restated, amended and restated, supplemented or otherwise modified from time to time, the “Credit Agreement”; capitalized terms used but not defined herein having the meanings given
such terms in the Credit Agreement), among HLF Financing SaRL, LLC, a Delaware limited liability (“TL Borrower”), Herbalife Nutrition Ltd., a Cayman Islands exempted company incorporated with limited liability
(“Parent”), Herbalife International Luxembourg S.à R.L., a Luxembourg private limited liability company (société à responsabilité limitée), existing and organized under the laws of
Luxembourg, having its registered office at 16, avenue de la Gare, L-1610 Luxembourg and registered with the Luxembourg Register of Commerce and Companies (R.C.S. Luxembourg) under number B 88.006
(“HIL”), Herbalife International, Inc., a Nevada corporation (“HII” and, together with Parent, TL Borrower and HIL, the “Revolver Borrowers”; the Revolver Borrowers, together with the TL Borrower,
are referred to herein as the “Borrowers”), the several banks and other financial institutions or entities from time to time parties thereto as lenders, Jefferies Finance LLC (“Jefferies”), as administrative agent
for the Term Loan B Lenders (together with its successors and permitted assigns in such capacity, the “Term Loan B Agent”) and collateral agent (together with its successors and permitted assigns in such capacity, the
“Collateral Agent”), and Coöperatieve Rabobank U.A., New York Branch (“Rabobank”), as administrative agent for the Term Loan A Lenders (together with its successors and permitted assigns in such capacity, the
“Term Loan A Agent”; the Term Loan A Agent together with the Term Loan B Agent, the “Term Loan Administrative Agents” and each, a “Term Loan Administrative Agent”), an Issuing Bank and as
administrative agent for the Revolving Credit Lenders (together with its successors and permitted assigns in such capacity, the “Revolver Administrative Agent” and, together with the Term Loan Administrative Agents, the
“Administrative Agents”; the Term Loan Administrative Agents, the Collateral Agent and the Revolver Administrative Agent are referred to herein collectively as the “Agents” and each, an “Agent”),
and reference is made thereto for full particulars of the matters described therein. 

  
 K-1 

 Each Borrower hereby provides notice that it hereby elects to add
[                ], effective as of [                ],
20[        ]1, a [jurisdiction] [type of entity] (the “Additional Guarantor”), a Group Member which is currently an Excluded
Subsidiary, as a Discretionary Guarantor under the Credit Agreement. 
 Each Borrower and the Additional Guarantor shall
deliver the documents required by Section 5.9 of the Credit Agreement in accordance with the requirements of Section 9.18 of the Credit Agreement, with respect to the Additional Guarantor. 

[Pursuant to Section 9.18 of the Credit Agreement, each Borrower hereby requests that the Collateral
Agent consent to the addition of the Additional Guarantor as a Discretionary Guarantor, such consent to be evidenced by the Collateral Agent’s signature hereto.]2 

In accordance with Section 9.18(d) of the Credit Agreement, the effectiveness of this Notice of
Additional Guarantor is conditioned upon the receipt by the Collateral Agent of (a) opinions, board resolutions and officers’ certificates and/or reaffirmation agreements consistent with those delivered to the Collateral Agent under
Section 4.1 of the Credit Agreement and (b) all other documentation and other information reasonably requested in writing by the Collateral Agent within ten Business Days following receipt of this Notice of Additional Guarantor to satisfy
requirements under applicable “know your customer” and anti-money-laundering rules and regulations. 
 This Notice
of Additional Guarantor shall constitute a Loan Document under the Credit Agreement. 
 THIS NOTICE OF ADDITIONAL GUARANTOR
SHALL BE CONSTRUED BY, GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK. 
 [Signature page follows]

  
  

 
 1 To be no earlier than 15 Business Days after the date of the notice. 
 2 To be included only if the consent of the Collateral Agent is required; pursuant to Section 9.18, no such consent is required if the Additional Guarantor is organized in the
United States, or any State or political subdivision thereof, or Canada, or any province or political subdivision thereof. 

  
 K-2 

 IN WITNESS WHEREOF, the undersigned on behalf of each Borrower, has caused
this Notice of Additional Guarantor to be duly executed and delivered as of the date first above written. 
  

			
	 HLF FINANCING SaRL, LLC

	 HERBALIFE NUTRITION LTD.

	 HERBALIFE INTERNATIONAL

	 LUXEMBOURG S.À R.L.

	 HERBALIFE INTERNATIONAL, INC.

		
	 By:
	 	  

		 	 Name:

		 	 Title:

 [Notice of Additional Guarantor] 

			
	 [Consented to:]1

	
	 [JEFFERIES FINANCE LLC,

as Collateral Agent]

		
	 By:
	 	  

		 	 Name:

		 	 Title:

		 	 Date

		
	 By:
	 	  

		 	 Name:

		 	 Title:

		 	 Date

  

	1 	 To be included only if the consent of the Collateral Agent is required. 

[Notice of Additional Guarantor]

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