Document:

EX-10.10

 Exhibit 10.10 

EXECUTION VERSION 

SENIOR SECURED CREDIT FACILITIES 

CREDIT AGREEMENT 
 dated as
of June 28, 2019, 
 among 

BDC PAYMENTS HOLDINGS, INC., 

as a Guarantor, 
 BILL.COM,
LLC, 
 as the Borrower, 

THE SEVERAL LENDERS FROM TIME TO TIME PARTY HERETO, 

SILICON VALLEY BANK, 
 as
Administrative Agent, Issuing Lender and Swingline Lender, 
 and 

SILICON VALLEY BANK, 
 as
Lead Arranger 

 Table of Contents 

 

							
	 	  	Page	 
	 SECTION 1 DEFINITIONS
	  	 	1	 
			
	 1.1
	    	Defined Terms	  	 	1	 
	 1.2
	    	Other Definitional Provisions	  	 	30	 
	 1.3
	    	Rounding	  	 	31	 
		
	 SECTION 2 AMOUNT AND TERMS OF COMMITMENTS
	  	 	31	 
			
	 2.1
	    	[Reserved]	  	 	31	 
	 2.2
	    	[Reserved]	  	 	31	 
	 2.3
	    	[Reserved]	  	 	31	 
	 2.4
	    	Revolving Commitments	  	 	31	 
	 2.5
	    	Procedure for Revolving Loan Borrowing	  	 	32	 
	 2.6
	    	Swingline Commitment	  	 	32	 
	 2.7
	    	Procedure for Swingline Borrowing; Refunding of Swingline Loans	  	 	33	 
	 2.8
	    	Overadvances	  	 	34	 
	 2.9
	    	Fees	  	 	35	 
	 2.10
	    	Termination or Reduction of Revolving Commitments	  	 	35	 
	 2.11
	    	[Reserved]	  	 	36	 
	 2.12
	    	[Reserved]	  	 	36	 
	 2.13
	    	Conversion and Continuation Options	  	 	36	 
	 2.14
	    	Limitations on Eurodollar Tranches	  	 	36	 
	 2.15
	    	Interest Rates and Payment Dates	  	 	37	 
	 2.16
	    	Computation of Interest and Fees	  	 	37	 
	 2.17
	    	Inability to Determine Interest Rate	  	 	37	 
	 2.18
	    	Pro Rata Treatment and Payments	  	 	38	 
	 2.19
	    	Illegality; Requirements of Law	  	 	41	 
	 2.20
	    	Taxes	  	 	43	 
	 2.21
	    	Indemnity	  	 	46	 
	 2.22
	    	Change of Lending Office	  	 	46	 
	 2.23
	    	Substitution of Lenders	  	 	47	 
	 2.24
	    	Defaulting Lenders	  	 	48	 
	 2.25
	    	Joint and Several Liability of the Borrowers	  	 	50	 
	 2.26
	    	Notes	  	 	53	 
	 2.27
	    	Incremental Facility	  	 	53	 
		
	 SECTION 3 LETTERS OF CREDIT
	  	 	55	 
			
	 3.1
	    	L/C Commitment	  	 	55	 
	 3.2
	    	Procedure for Issuance of Letters of Credit	  	 	56	 
	 3.3
	    	Fees and Other Charges	  	 	57	 
	 3.4
	    	L/C Participations; Existing Letters of Credit	  	 	57	 
	 3.5
	    	Reimbursement	  	 	58	 
	 3.6
	    	Obligations Absolute	  	 	59	 
	 3.7
	    	Letter of Credit Payments	  	 	59	 
	 3.8
	    	Applications	  	 	59	 
	 3.9
	    	Interim Interest	  	 	59	 
	 3.10
	    	Cash Collateral	  	 	60	 
	 3.11
	    	Additional Issuing Lenders	  	 	61	 
	 3.12
	    	Resignation of the Issuing Lender	  	 	61	 

  
 -i- 

 Table of Contents 

(continued) 
  

							
	 	  	Page	 
	 3.13
	    	Applicability of UCP and ISP	  	 	61	 
		
	 SECTION 4 REPRESENTATIONS AND WARRANTIES
	  	 	61	 
			
	 4.1
	    	Financial Condition	  	 	61	 
	 4.2
	    	No Change	  	 	62	 
	 4.3
	    	Existence; Compliance with Law	  	 	62	 
	 4.4
	    	Power, Authorization; Enforceable Obligations	  	 	62	 
	 4.5
	    	No Legal Bar	  	 	63	 
	 4.6
	    	Litigation	  	 	63	 
	 4.7
	    	No Default	  	 	63	 
	 4.8
	    	Ownership of Property; Liens; Investments	  	 	63	 
	 4.9
	    	Intellectual Property	  	 	63	 
	 4.10
	    	Taxes	  	 	63	 
	 4.11
	    	Federal Regulations	  	 	64	 
	 4.12
	    	Labor Matters	  	 	64	 
	 4.13
	    	ERISA	  	 	64	 
	 4.14
	    	Investment Company Act; Other Regulations	  	 	65	 
	 4.15
	    	Subsidiaries	  	 	65	 
	 4.16
	    	Use of Proceeds	  	 	66	 
	 4.17
	    	Environmental Matters	  	 	66	 
	 4.18
	    	Accuracy of Information, etc.	  	 	67	 
	 4.19
	    	Security Documents.	  	 	67	 
	 4.20
	    	Solvency	  	 	67	 
	 4.21
	    	Regulation H	  	 	68	 
	 4.22
	    	Designated Senior Indebtedness	  	 	68	 
	 4.23
	    	[Reserved]	  	 	68	 
	 4.24
	    	Insurance	  	 	68	 
	 4.25
	    	No Casualty	  	 	68	 
	 4.26
	    	Recurring Revenue	  	 	68	 
	 4.27
	    	Capitalization	  	 	68	 
	 4.28
	    	OFAC	  	 	68	 
	 4.29
	    	Anti-Corruption Laws	  	 	69	 
	 4.30
	    	Holding Company	  	 	69	 
		
	 SECTION 5 CONDITIONS PRECEDENT
	  	 	69	 
			
	 5.1
	    	Conditions to Initial Extension of Credit	  	 	69	 
	 5.2
	    	Conditions to Each Extension of Credit	  	 	72	 
	 5.3
	    	Post-Closing Conditions Subsequent	  	 	73	 
		
	 SECTION 6 AFFIRMATIVE COVENANTS
	  	 	73	 
			
	 6.1
	    	Financial Statements	  	 	73	 
	 6.2
	    	Certificates; Reports; Other Information	  	 	74	 
	 6.3
	    	Collections	  	 	75	 
	 6.4
	    	Payment of Obligations	  	 	76	 
	 6.5
	    	Maintenance of Existence; Compliance	  	 	76	 
	 6.6
	    	Maintenance of Property; Insurance	  	 	76	 
	 6.7
	    	Inspection of Property; Books and Records; Discussions	  	 	76	 
	 6.8
	    	Notices	  	 	77	 

  
 -ii- 

 Table of Contents 

(continued) 
  

							
	 	  	Page	 
	 6.9
	    	Environmental Laws	  	 	78	 
	 6.10
	    	Operating Accounts	  	 	78	 
	 6.11
	    	Audits	  	 	78	 
	 6.12
	    	Additional Collateral, Etc.	  	 	79	 
	 6.13
	    	[Reserved]	  	 	81	 
	 6.14
	    	Use of Proceeds	  	 	81	 
	 6.15
	    	Designated Senior Indebtedness	  	 	81	 
	 6.16
	    	Anti-Corruption Laws	  	 	81	 
	 6.17
	    	Further Assurances	  	 	81	 
		
	 SECTION 7 NEGATIVE COVENANTS
	  	 	81	 
			
	 7.1
	    	Financial Condition Covenants	  	 	82	 
	 7.2
	    	Indebtedness	  	 	82	 
	 7.3
	    	Liens	  	 	83	 
	 7.4
	    	Fundamental Changes	  	 	85	 
	 7.5
	    	Disposition of Property	  	 	86	 
	 7.6
	    	Restricted Payments	  	 	87	 
	 7.7
	    	[Reserved]	  	 	88	 
	 7.8
	    	Investments	  	 	88	 
	 7.9
	    	ERISA	  	 	90	 
	 7.10
	    	Optional Payments and Modifications of Certain Preferred Stock and Debt Instruments	  	 	90	 
	 7.11
	    	Transactions with Affiliates	  	 	90	 
	 7.12
	    	Sale Leaseback Transactions	  	 	91	 
	 7.13
	    	Swap Agreements	  	 	91	 
	 7.14
	    	Accounting Changes	  	 	91	 
	 7.15
	    	Negative Pledge Clauses	  	 	91	 
	 7.16
	    	Clauses Restricting Subsidiary Distributions	  	 	91	 
	 7.17
	    	Lines of Business	  	 	92	 
	 7.18
	    	Designation of other Indebtedness	  	 	92	 
	 7.19
	    	[Reserved]	  	 	92	 
	 7.20
	    	Organizational Agreements; Material Contracts	  	 	92	 
	 7.21
	    	Use of Proceeds	  	 	92	 
	 7.22
	    	Subordinated Indebtedness	  	 	92	 
	 7.23
	    	Anti-Terrorism Laws	  	 	93	 
		
	 SECTION 8 EVENTS OF DEFAULT
	  	 	93	 
			
	 8.1
	    	Events of Default	  	 	93	 
	 8.2
	    	Remedies Upon Event of Default	  	 	96	 
	 8.3
	    	Application of Funds	  	 	97	 
		
	 SECTION 9 THE ADMINISTRATIVE AGENT
	  	 	98	 
			
	 9.1
	    	Appointment and Authority	  	 	98	 
	 9.2
	    	Delegation of Duties	  	 	99	 
	 9.3
	    	Exculpatory Provisions	  	 	99	 
	 9.4
	    	Reliance by Administrative Agent	  	 	100	 
	 9.5
	    	Notice of Default	  	 	101	 
	 9.6
	    	Non-Reliance on Administrative Agent and Other Lenders	  	 	101	 

  
 -iii- 

 Table of Contents 

(continued) 
  

							
	 	  	Page	 
	 9.7
	    	Indemnification	  	 	101	 
	 9.8
	    	Agent in Its Individual Capacity	  	 	102	 
	 9.9
	    	Successor Administrative Agent	  	 	102	 
	 9.10
	    	Collateral and Guaranty Matters	  	 	103	 
	 9.11
	    	Administrative Agent May File Proofs of Claim	  	 	104	 
	 9.12
	    	No Other Duties, etc.	  	 	105	 
	 9.13
	    	Cash Management Bank and Qualified Counterparty Reports	  	 	105	 
	 9.14
	    	Survival	  	 	105	 
		
	 SECTION 10 MISCELLANEOUS
	  	 	105	 
			
	 10.1
	    	Amendments and Waivers	  	 	105	 
	 10.2
	    	Notices	  	 	107	 
	 10.3
	    	No Waiver; Cumulative Remedies	  	 	109	 
	 10.4
	    	Survival of Representations and Warranties	  	 	109	 
	 10.5
	    	Expenses; Indemnity; Damage Waiver	  	 	109	 
	 10.6
	    	Successors and Assigns; Participations and Assignments	  	 	111	 
	 10.7
	    	Adjustments; Set-off	  	 	115	 
	 10.8
	    	Payments Set Aside	  	 	116	 
	 10.9
	    	Interest Rate Limitation	  	 	116	 
	 10.10
	    	Counterparts; Electronic Execution of Assignments	  	 	116	 
	 10.11
	    	Severability	  	 	116	 
	 10.12
	    	Integration	  	 	117	 
	 10.13
	    	GOVERNING LAW	  	 	117	 
	 10.14
	    	Submission to Jurisdiction; Waivers	  	 	117	 
	 10.15
	    	Acknowledgements	  	 	118	 
	 10.16
	    	Releases of Guarantees and Liens	  	 	118	 
	 10.17
	    	Treatment of Certain Information; Confidentiality	  	 	118	 
	 10.18
	    	Automatic Debits	  	 	119	 
	 10.19
	    	Judgment Currency	  	 	120	 
	 10.20
	    	Patriot Act; Other Regulations	  	 	120	 
	 10.21
	    	Acknowledgement and Consent to Bail-In of EEA Financial Institutions	  	 	120	 

  
 -iv- 

 Table of Contents 

(continued) 
  

			
	SCHEDULES
		
	 Schedule 1.1A:
	  	Commitments
		
	 Schedule 1.1B:
	  	Existing Letters of Credit
		
	 Schedule 4.4:
	  	Governmental Approvals, Consents, Authorizations, Filings and Notices
		
	 Schedule 4.13:
	  	Pension Plans
		
	 Schedule 4.15:
	  	Subsidiaries
		
	 Schedule 4.17:
	  	Environmental Matters
		
	 Schedule 4.19(a):
	  	Financing Statements and Other Filings
		
	 Schedule 4.27:
	  	Capitalization
		
	 Schedule 7.2(d):
	  	Existing Indebtedness
		
	 Schedule 7.3(f):
	  	Existing Liens
		
	 Schedule 7.8(e):
	  	Existing Investments
	
	EXHIBITS
		
	 Exhibit A:
	  	Form of Guarantee and Collateral Agreement
		
	 Exhibit B:
	  	Form of Compliance Certificate
		
	 Exhibit C:
	  	Form of Secretary’s/Managing Member’s Certificate
		
	 Exhibit D:
	  	Form of Solvency Certificate
		
	 Exhibit E:
	  	Form of Assignment and Assumption
		
	
Exhibits F-1 
–F-4:
	  	Forms of U.S. Tax Compliance Certificate
		
	 Exhibit G:
	  	Reserved
		
	 Exhibit H-1:
	  	Form of Revolving Loan Note
		
	 Exhibit H-2:
	  	Form of Swingline Loan Note
		
	 Exhibit I:
	  	Form of Borrowing Base Certificate
		
	 Exhibit J:
	  	Form of Collateral Information Certificate
		
	 Exhibit K:
	  	Form of Notice of Borrowing
		
	 Exhibit L:
	  	Form of Notice of Conversion/Continuation

  
 -v- 

 CREDIT AGREEMENT 

THIS CREDIT AGREEMENT (this “Agreement”), dated as of June 28, 2019, is entered into by and among
BDC PAYMENTS HOLDINGS, INC., a Delaware corporation (“Holdings”), BILL.COM, LLC, a Delaware limited liability company (“Bill.com” and together with any other Person that becomes a
Borrower hereunder, individually or collectively as the context requires, jointly and severally, the “Borrower”), the several banks and other financial institutions or entities from time to time party to this Agreement (each
a “Lender” and, collectively, the “Lenders”), SILICON VALLEY BANK (“SVB”), as the Issuing Lender and the Swingline Lender, and SVB, as administrative agent and
collateral agent for the Lenders (in such capacities, together with any successors and assigns in such capacities, the “Administrative Agent”). 

RECITALS: 

WHEREAS, the Borrower desires to obtain financing to refinance the Existing Credit Facility, as well as for working capital
financing and letter of credit facilities; 
 WHEREAS, the Lenders have agreed to extend a revolving credit facility to the Borrower,
upon the terms and conditions specified in this Agreement, in an aggregate principal amount not to exceed $50,000,000 (subject to the addition of up to $25,000,000 pursuant to an incremental facility contained herein), including a letter of
credit sub- facility in the aggregate availability amount of $10,000,000 (as a sublimit of the revolving loan facility), and a swingline sub-facility in the aggregate availability amount of $10,000,000 (as a
sublimit of the revolving loan facility); 
 WHEREAS, the Borrower has agreed to secure all of its Obligations by granting to the
Administrative Agent, for the benefit of the Secured Parties, a first priority lien (subject to Liens permitted by the Loan Documents) on substantially all of its assets; and 

WHEREAS, each of the Guarantors has agreed to guarantee the Obligations of the Borrower and to secure its respective Obligations
in respect of such guarantee by granting to the Administrative Agent, for the benefit of the Secured Parties, a first priority lien (subject to Liens permitted by the Loan Documents) on substantially all of its assets. 

NOW, THEREFORE, the parties hereto hereby agree as follows: 

SECTION 1 
 DEFINITIONS

 1.1 Defined Terms. As used in this Agreement (including the recitals hereof), the terms listed in this
Section 1.1 shall have the respective meanings set forth in this Section 1.1. 

“ABR”: for any day, a rate per annum equal to the highest of (a) the Prime Rate in effect on such day,
(b) the Federal Funds Effective Rate in effect for such day plus 0.50%, and (c) the Eurodollar Rate plus 1.25%. Any change in the ABR due to a change in any of the Prime Rate, the Federal Funds Effective Rate or the Eurodollar Rate, as the
case may be, shall be effective as of the opening of business on the effective day of the change in such rates. 
 “ABR
Loans”: Loans, the rate of interest applicable to which is based upon the ABR. 
 “Account Debtor”: any
Person who may become obligated to any Person under, with respect to, or on account of, an Account, chattel paper or general intangibles (including a payment intangible). Unless otherwise stated, the term “Account Debtor,” when used
herein, shall mean an Account Debtor in respect of an Account of the Borrower. 

  
 1 

 “Accounts”: all “accounts” (as defined in the UCC) of a
Person, including, without limitation, accounts, accounts receivable, monies due or to become due and obligations in any form (whether arising in connection with contracts, contract rights, instruments, general intangibles, or chattel paper), in
each case whether arising out of goods sold or services rendered or from any other transaction and whether or not earned by performance, now or hereafter in existence, and all documents of title or other documents representing any of the foregoing,
and all collateral security and guaranties of any kind, now or hereafter in existence, given by any Person with respect to any of the foregoing. Unless otherwise stated, the term “Account,” when used herein, shall mean an Account of the
Loan Parties. 
 “Administrative Agent”: SVB, as the administrative agent under this Agreement and the other Loan
Documents, together with any of its successors in such capacity. 
 “Affected Lender”: as defined in
Section 2.23. 
 “Affiliate”: with respect to a specified Person, another Person that
directly, or indirectly through one or more intermediaries, Controls or is Controlled by or is under common Control with the Person specified; provided that, neither the Administrative Agent nor the Lenders shall be deemed Affiliates of the Loan
Parties as a result of the exercise of their rights and remedies under the Loan Documents. 
 “Agent Parties”: as
defined in Section 10.2(d)(ii). 
 “Aggregate Exposure”: with respect to any Lender at any
time, an amount equal to the sum of (a) the amount of such Lender’s Revolving Commitment then in effect or, if the Revolving Commitments have been terminated, the amount of such Lender’s Revolving Extensions of Credit then outstanding, and
(b) without duplication of clause (a), the L/C Commitment of such Lender then in effect (as a sublimit of the Revolving Commitment of such Lender). 

“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”:
as defined in the preamble hereto. 
 “Applicable Margin”: commencing on the first day of the first full calendar
month ending after the Closing Date, the rate per annum set forth under the relevant column heading below based on the applicable Cash Balance as of the last Business Day of the immediately preceding calendar month: 

 

									
	 Cash Balance
	  	Applicable Margin for
Eurodollar Loans and
Letters of Credit	 	 	Applicable Margin
for ABR Loans	 
	 < the Cash Balance Threshold
	  	 	2.75	% 	 	 	-0.25	% 
	 > the Cash Balance Threshold
	  	 	1.75	% 	 	 	-1.25	% 

 If, as a result of any restatement of or other adjustment to the account statements of the Loan Parties or for
any other reason, the Administrative Agent determines that the Cash Balance as of any date was inaccurate and (y) a proper calculation of the Cash Balance would have resulted in different pricing for any period, then (i) if the proper
calculation of the Cash Balance would have resulted in higher pricing 

  
 2 

 
for such period, the Borrower shall automatically and retroactively be obligated to pay to the Administrative Agent, for the benefit of the applicable Lenders, promptly on demand by the
Administrative Agent, an amount equal to the excess of the amount of interest and fees that should have been paid for such period over the amount of interest and fees actually paid for such period; and (ii) if the proper calculation of the Cash
Balance would have resulted in lower pricing for such period, neither the Administrative Agent nor any Lender shall have any obligation to repay any interest or fees to the Borrower. 

“Application”: an application, in such form as the Issuing Lender may specify from time to time, requesting the
Issuing Lender to issue a Letter of Credit. 
 “Approved Fund”: any Fund that is administered or managed by
(a) a Lender, (b) an Affiliate of a Lender, or (c) an entity or an Affiliate of an entity that administers or manages a Lender. 

“Assignment and Assumption”: an assignment and assumption entered into by a Lender and an Eligible Assignee (with the
consent of any party whose consent is required by Section 10.6), and accepted by the Administrative Agent, in substantially the form of Exhibit E or any other form approved by the Administrative Agent. 

“Available Revolving Commitment”: at any time, an amount equal to (a) the lesser of (i) the Total
Revolving Commitments in effect at such time and (ii) the Borrowing Base in effect at such time, minus (b) the aggregate undrawn amount of all outstanding Letters of Credit at such time, minus (c) the aggregate amount of
all L/C Disbursements that have not yet been reimbursed or converted into Revolving Loans at such time, minus (d) the aggregate principal balance of any Revolving Loans outstanding at such time; provided that for purposes of
calculating any Lender’s Revolving Extensions of Credit for the purpose of determining such Lender’s Available Revolving Commitment pursuant to Section 2.9(b), the aggregate principal amount of Swingline Loans
then outstanding shall be deemed to be zero. 
 “Available Revolving Increase Amount”: as of any date of
determination, an amount equal to the result of (a) $25,000,000 minus (b) the aggregate principal amount of Increases to the Revolving Commitments previously made pursuant to Section 2.27 after the Closing Date.

 “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 entitled “Bankruptcy.” 

“Benefitted Lender”: as defined in Section 10.7(a). 

“Bill.com”: as defined in the preamble hereto. 

“Blocked Person”: as defined in Section 7.23. 

“Board”: the Board of Governors of the Federal Reserve System of the United States (or any successor). 

  
 3 

 “Borrower”: as defined in the preamble hereto. 

“Borrowing Base”: the result of (a) the product of (i) RR for the most recently ended month for which a
Borrowing Base Certificate was required to be delivered hereunder, multiplied by (ii) the Multiplier minus (b) the amount of Reserves established by the Administrative Agent at such time. The Borrowing Base shall be calculated by
the Administrative Agent based on information provided by the Borrower and acceptable to the Administrative Agent, in its sole discretion. 

“Borrowing Base Certificate”: a certificate to be executed and delivered from time to time by the Borrower to the
Administrative Agent in substantially the form of Exhibit I, or in such other form as shall be acceptable in form and substance to the Administrative Agent. 

“Borrowing Date”: any Business Day specified by the Borrower in a Notice of Borrowing as a date on which the Borrower
requests the relevant Lenders to make Loans hereunder. 
 “Business”: as defined in
Section 4.17(b). 
 “Business Day”: a day other than a Saturday, Sunday or other day on
which commercial banks in the State of New York or the State of California are authorized or required by law to close; provided that with respect to notices and determinations in connection with, and payments of principal and interest on,
Eurodollar Loans, such day is also a day for trading by and between banks in Dollar deposits in the interbank eurodollar market. 

“Capital Lease Obligations”: as 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, for
the purposes of this Agreement, the amount of such obligations at any time shall be the capitalized amount thereof at such time determined in accordance with GAAP; provided, that for all purposes hereunder, any obligations of such Person that
would have been treated as operating leases in accordance with Accounting Standards Codification 840 (regardless of whether or not then in effect) shall be treated as operating leases for purposes of all financial definitions, calculations and
covenants, without giving effect to Accounting Standards Codification 842 requiring operating leases to be recharacterized or treated as capital leases. 

“Capital Stock”: with respect to any Person, all of the shares of capital stock of (or other ownership or profit
interests in) such Person, all of the warrants, options or other rights for the purchase or acquisition from such Person of shares of capital stock of (or other ownership or profit interests in) such Person, all of the securities convertible into or
exchangeable for shares of capital stock of (or other ownership or profit interests in) such Person or warrants, rights or options for the purchase or acquisition from such Person of such shares (or such other interests), and all of the other
ownership or profit interests in such Person (including partnership, member or trust interests therein), whether voting or nonvoting, and whether or not such shares, warrants, options, rights or other interests are outstanding on any date of
determination. 
 “Cash Balance”: the aggregate amount of unrestricted cash and Cash Equivalents held by the Loan
Parties in Deposit Accounts maintained with SVB, or in Deposit Accounts or Securities Accounts subject to Control Agreements in favor of the Administrative Agent or otherwise subject to a first priority Lien in favor of the Administrative Agent.

 “Cash Balance Threshold”: $50,000,000. 

  
 4 

 “Cash Collateralize”: to pledge and deposit with or deliver to
(a) with respect to Obligations in respect of Letters of Credit, the Administrative Agent, for the benefit of the Issuing Lender and one or more of the Lenders, as applicable, as collateral for L/C Exposure or obligations of the Lenders to fund
participations in respect thereof, cash or deposit account balances or, if the Administrative Agent and the Issuing Lender shall agree in their sole discretion, other credit support, in each case pursuant to documentation in form and substance
satisfactory to the Administrative Agent and such Issuing Lender; (b) with respect to Obligations arising under any Cash Management Agreement in connection with Cash Management Services, the applicable Cash Management Bank, for its own or any of its
applicable Affiliate’s benefit, as provider of such Cash Management Services, cash or deposit account balances or, if the Administrative Agent and the applicable Cash Management Bank shall agree in their sole discretion, other credit support,
in each case pursuant to documentation in form and substance reasonably satisfactory to the Administrative Agent and such Cash Management Bank; or (c) with respect to Obligations in respect of any Specified Swap Agreements, the applicable
Qualified Counterparty, as Collateral for such Obligations, cash or deposit account balances or, if such Qualified Counterparty shall agree in its sole discretion, other credit support, in each case pursuant to documentation in form and substance
reasonably satisfactory to such Qualified Counterparty. “Cash Collateral” shall have a meaning correlative to the foregoing and shall include the proceeds of such cash collateral and other credit support. 

“Cash Equivalents”: (a) 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 (1) year from the date of acquisition; (b) certificates of deposit, time deposits, eurodollar time
deposits or overnight bank deposits having maturities of twelve (12) months or less from the date of acquisition issued by any Lender or 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 $ 250,000,000; (c) commercial paper of an issuer rated at least A- 2 by S&P or P-2 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 two hundred seventy 270 days from the date of acquisition;
(d) overnight repurchase obligations of any Lender or of any commercial bank satisfying the requirements of clause (b) of this definition, with respect to securities issued or fully guaranteed or insured by the United States government;
(e) securities with maturities of one (1) year or less from the date of acquisition rated at least A- by S&P or A-3 by Moody’s; (f) securities
with maturities of twelve (12) months or less from the date of acquisition backed by standby letters of credit issued by any Lender or any commercial bank satisfying the requirements of clause (b) of this definition; (g) money market
mutual or similar funds that invest exclusively in assets satisfying the requirements of clauses (a) through (f) of this definition; or (h) money market funds that (i) comply with the criteria set forth in SEC Rule 2a-7 under the Investment Company Act of 1940, as amended, (ii) are rated AAA by S&P and Aaa by Moody’s and (iii) have portfolio assets of at least $5,000,000,000. 

“Cash Management Agreement”: as defined in the definition of “Cash Management Services.” 

“Cash Management Bank”: any Person that, at the time it enters into a Cash Management Agreement, is a Lender or an
Affiliate of a Lender, in its capacity as a party to such Cash Management Agreement. 
 “Cash Management Services”:
cash management and other services provided to one or more of the Loan Parties by a Cash Management Bank which may include treasury, depository, return items, overdraft, controlled disbursement, merchant store value cards, e-payables services, electronic funds transfer, interstate depository network, automatic clearing house transfer (including the Automated Clearing House processing of electronic funds transfers through the direct
Federal Reserve Fedline 

  
 5 

 
system), merchant services, direct deposit of payroll, business credit card (including so-called “purchase cards”, “procurement cards”
or “p-cards”), credit card processing services, debit cards, stored value cards, and check cashing services identified in such Cash Management Bank’s various cash management services or other
similar agreements (each, a “Cash Management Agreement”). 
 “Casualty Event”: any damage to
or any destruction of, or any condemnation or other taking by any Governmental Authority of any property of the Loan Parties. 

“Certificated Securities”: as defined in Section 4.19(a). 

“Change of Control”: (a) at any time, any “person” or “group” (as such terms are used in Sections
13(d) and 14(d) of the Exchange Act) shall become, or obtain rights (whether by means of warrants, options or otherwise) to become, the “beneficial owner” (as defined in Rules 13(d)-3 and 13(d)-5 under the Exchange Act), directly or indirectly, of 49% or more of the ordinary voting power for the election of directors of Holdings (determined on a fully diluted basis); (b) during any twelve
(12) consecutive months, a majority of the members of the board of directors or other equivalent governing body of Holdings cease to be composed of individuals (i) who were members of that board or equivalent governing body on the first
day of such period, (ii) whose election or nomination to that board or equivalent governing body was approved by individuals referred to in clause (i) above constituting at the time of such election or nomination at least a majority of
that board or equivalent governing body or (iii) whose election or nomination to that board or other equivalent governing body was approved by individuals referred to in clauses (i) and (ii) above constituting at the time of such election or
nomination at least a majority of that board or equivalent governing body; (c) at any time, Holdings shall cease to own and control, of record and beneficially, directly or indirectly, 100% of each class of outstanding Capital Stock of each
other Guarantor free and clear of all Liens other than Liens permitted by Section 7.3 (except as a result of any disposition, liquidation or merger permitted hereunder); (d) at any time, Holdings shall cease to own and
control, of record and directly, 100% of each class of outstanding Capital Stock of the Borrower, free and clear of all Liens other than Liens permitted by Section 7.3; or (e) a “change of control” or any
comparable term under and as defined in any agreement governing any other Indebtedness of the Group Members in an aggregate principal amount in excess of $5,000,000. 

“Closing Date”: the date on which all of the conditions precedent set forth in Section 5.1
are satisfied or waived by the Administrative Agent and, as applicable, the Lenders or the Required Lenders. 

“Code”: the Internal Revenue Code of 1986, as amended from time to time. 

“Collateral”: all property of the Loan Parties, now owned or hereafter acquired, upon which a Lien is purported to be
created by any Security Document. 
 “Collateral Information Certificate”: the Collateral Information Certificate to
be executed and delivered by Holdings pursuant to Section 5.1, substantially in the form of Exhibit J. 

“Collateral-Related Expenses”: all reasonable, documented, out-of-pocket costs and expenses of the Administrative Agent paid or incurred in connection with any sale, collection or other realization on the Collateral, including reasonable compensation to the
Administrative Agent and its agents and counsel, and reimbursement for all other costs, expenses and liabilities and advances made or incurred by the Administrative Agent in connection therewith (including as described in Section 6.6 of the
Guarantee and Collateral Agreement), and all amounts for which the Administrative Agent is entitled to indemnification under the Security Documents and all advances made by the Administrative Agent under the Security Documents for the account of any
Loan Party. 

  
 6 

 “Commitment”: as to any Lender, its Revolving Commitment. 

“Commitment Fee Rate”: 0.20% per annum. 

“Commodity Exchange Act”: the Commodity Exchange Act (7 U.S.C. Section 1 et seq.), as amended from time to
time, and any successor statute. 
 “Communications”: as defined in Section 10.2(d)(ii).

 “Compliance Certificate”: a certificate duly executed by a Responsible Officer of Holdings 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. 
 “Contractual Obligation”:
as to any Person, 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”: the possession, directly or indirectly, of the power to direct or cause the direction of the management or
policies of a Person, whether through the ability to exercise voting power, by contract or otherwise. “Controlling” and “Controlled” have meanings correlative thereto. 

“Control Agreement”: any account control agreement in form and substance reasonably satisfactory to the Administrative
Agent entered into among the depository institution at which a Loan Party maintains a Deposit Account or the securities intermediary at which a Loan Party maintains a Securities Account, such Loan Party, and the Administrative Agent pursuant to
which the Administrative Agent obtains control (within the meaning of the UCC or any other applicable law) over such Deposit Account or Securities Account. 

“Covenant Testing Period”: each period (a) commencing on the last day of the applicable fiscal period of Holdings
most recently ended before a Covenant Trigger Event for which Holdings is required to deliver to the Administrative Agent financial statements pursuant to Section 6.1(b), and (b) continuing through and including the
first day after such Covenant Trigger Event that (x) the Cash Balance for the applicable period continues to be greater than or equal to the Cash Balance Threshold for thirty (30) consecutive days or (y) no Loans are outstanding
hereunder for thirty (30) consecutive days. 
 “Covenant Trigger Event”: any time that (a) the Cash
Balance is less than the Cash Balance Threshold and (b) any Loans are outstanding hereunder. 
 “Debtor Relief
Laws”: 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. 
 “Default”: any of the events
specified in Section 8.1, 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(c). 

  
 7 

 “Defaulting Lender”: subject to
Section 2.24(b), any Lender that (a) has failed to (i) fund all or any portion of its Loans within two (2) Business Days of the date such Loans were required to be funded hereunder unless such Lender notifies
the Administrative Agent and the Borrower in writing that such failure is the result of such Lender’s reasonable determination that one or more conditions precedent to funding (each of which conditions precedent, together with any applicable
default, shall be specifically identified in such writing) has not been satisfied, or (ii) pay to the Administrative Agent, the Issuing Lender, the Swingline Lender or any other Lender any other amount required to be paid by it hereunder
(including in respect of its participation in Letters of Credit or Swingline Loans) within two (2) Business Days of the date when due, (b) has notified the Borrower, the Administrative Agent, the Issuing Lender or the Swingline Lender in
writing that it does not intend to comply with its funding obligations hereunder, or has made a public statement to that effect (unless such writing or public statement relates to such Lender’s obligation to fund a Loan hereunder and states
that such position is based on such Lender’s reasonable determination that a condition precedent to funding (which condition precedent, together with any applicable default, shall be specifically identified in such writing or public statement)
cannot be satisfied), (c) has failed, within three (3) Business Days after written request by the Administrative Agent or the Borrower, to confirm in writing to the Administrative Agent and the Borrower that it will comply with its prospective
funding obligations hereunder (provided that such Lender shall cease to be a Defaulting Lender pursuant to this clause (c) upon receipt of such written confirmation by the Administrative Agent and the Borrower), or (d) has, or has a
direct or indirect parent company that has, (i) become the subject of a proceeding under any Debtor Relief Law, (ii) become the subject of a Bail-In Action or (iii) had appointed for it a receiver,
custodian, conservator, trustee, administrator, assignee for the benefit of creditors or similar Person charged with reorganization or liquidation of its business or assets, including the Federal Deposit Insurance Corporation or any other state or
federal regulatory authority acting in such a capacity; provided that a Lender shall not be a Defaulting Lender solely by virtue of the ownership or acquisition of any equity interest in that Lender or any direct or indirect parent company
thereof by a Governmental Authority so long as such ownership interest does not result in or provide such Lender 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 Lender (or such Governmental Authority) to reject, repudiate, disavow or disaffirm any contracts or agreements made with such Lender. Any determination by the Administrative Agent that a Lender is a Defaulting Lender under
any one or more of clauses (a) through (d) above shall be conclusive and binding absent manifest error, and such Lender shall be deemed to be a Defaulting Lender (subject to Section 2.24(b)) upon delivery of written
notice of such determination to the Borrower, the Issuing Lender, the Swingline Lender and each Lender. 
 “Deposit
Account”: any “deposit account” as defined in the UCC with such additions to such term as may hereafter be made. 

“Deposit Account Control Agreement”: any Control Agreement entered into by the Administrative Agent, a Loan Party and
a financial institution holding a Deposit Account of such Loan Party pursuant to which the Administrative Agent is granted “control” (for purposes of the UCC) over such Deposit Account. 

“Designated Jurisdiction”: any country or territory to the extent that such country or territory itself is the subject
of any Sanction. 
 “Determination Date”: as defined in the definition of “Pro Forma Basis”. 

“Discharge of Obligations”: subject to Section 10.8, the satisfaction of the Obligations
(including all such Obligations relating to Cash Management Services) by the payment in full, in cash (or, as applicable, Cash Collateralization in accordance with the terms hereof) of the principal of and interest on or other liabilities relating
to each Loan and any previously provided Cash Management Services, all fees and all other expenses or amounts payable under any Loan Document (other than inchoate 

  
 8 

 
indemnification obligations and any other obligations which pursuant to the terms of any Loan Document specifically survive repayment of the Loans for which no claim has been made), and other
Obligations under or in respect of Specified Swap Agreements and Cash Management Services, to the extent (a) no default or termination event shall have occurred and be continuing thereunder, (b) any such Obligations in respect of Specified
Swap Agreements have, if required by any applicable Qualified Counterparties, been Cash Collateralized, (c) no Letter of Credit shall be outstanding (or, as applicable, each outstanding and undrawn Letter of Credit has been Cash Collateralized
in accordance with the terms hereof), (d) no Obligations in respect of any Cash Management Services are outstanding (or, as applicable, all such outstanding Obligations in respect of Cash Management Services have been Cash Collateralized in
accordance with the terms hereof), and (e) the aggregate Commitments of the Lenders are terminated. 

“Disposition”: with respect to any property (including, without limitation, Capital Stock of any Subsidiary of any
Group Member), any sale, lease, Sale Leaseback Transaction, assignment, conveyance, transfer, encumbrance or other disposition thereof (in one transaction or in a series of transactions and whether effected pursuant to a Division or otherwise) and
any issuance of Capital Stock of any of Holdings’ Subsidiaries. The terms “Dispose” and “Disposed of” shall have correlative meanings. 

“Disqualified Stock”: 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, matures or is mandatorily redeemable, pursuant to a sinking fund obligation or otherwise, or redeemable at the
option of the holder thereof, in whole or in part, on or prior to the date that is ninety-one (91) days after the date on which the Loans mature. The amount of Disqualified Stock deemed to be outstanding
at any time for purposes of this Agreement will be the maximum amount that Holdings and its Subsidiaries may become obligated to pay upon maturity of, or pursuant to any mandatory redemption provisions of, such Disqualified Stock or portion thereof,
plus accrued dividends. 
 “Division”: in reference to any Person which is an entity, the division of such Person
into two (2) or more separate Persons, with the dividing Person either continuing or terminating its existence as part of such division, including as contemplated under Section 18-217 of the Delaware
Limited Liability Company Act, or any analogous action taken pursuant to any other applicable Requirements of Law. 

“Dollars” and “$”: dollars in lawful currency of the United States. 

“Domestic Subsidiary”: any Subsidiary of Holdings organized under the laws of any jurisdiction within the United
States. 
 “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. 

  
 9 

 “Eligible Assignee”: any Person (other than an Excluded Lender) that
meets the requirements to be an assignee under Section 10.6(b)(iii), (v) and (vi) (subject to such consents, if any, as may be required under Section 10.6(b)(iii)). 

“Eligible Customer Accounts”: Accounts generated from expected receipt of Recurring Revenue which arise in the
ordinary course of the business of the Loan Parties that meet all of such Loan Party’s representations and warranties set forth herein and in the Guarantee and Collateral Agreement with respect thereto. 

“Environmental Laws”: any and all foreign, Federal, state, local or municipal laws, rules, orders, regulations,
statutes, ordinances, codes, decrees, requirements of any Governmental Authority or other Requirements of Law (including common law) regulating, relating to or imposing liability or standards of conduct concerning protection of human health or the
environment, as now or may at any time hereafter be in effect. 
 “Environmental Liability”: any liability,
contingent or otherwise (including any liability for damages, costs of environmental remediation, fines, penalties or indemnities), of the Borrower, any other Loan Party or any of their respective Subsidiaries directly or indirectly resulting from
or based upon (a) a violation of an Environmental Law, (b) the generation, use, handling, transportation, storage, treatment or disposal of any Materials of Environmental Concern, (c) exposure to any Materials of Environmental
Concern, (d) the release or threatened release of any Materials of Environmental Concern 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. 
 “ERISA”: the Employee Retirement Income Security Act of 1974, as amended, including (unless
the context otherwise requires) any rules or regulations promulgated thereunder. 
 “ERISA Affiliate”: each business
or entity which is, or within the last six (6) years was, a member of a “controlled group of corporations,” under “common control” or an “affiliated service group” with any Loan Party within the meaning of
Section 414(b), (c), (m) or (n) of the Code, required to be aggregated with any Loan Party under Section 414(o) of the Code, or is, or within the last six (6) years was, under “common control” with any Loan Party,
within the meaning of Section 4001(a)(14) of ERISA. 
 “ERISA Event”: any of (a) a reportable event as
defined in Section 4043 of ERISA with respect to a Pension Plan, excluding, however, such events as to which the PBGC by regulation has waived the requirement of Section 4043(a) of ERISA that it be notified within thirty (30) days of
the occurrence of such event; (b) the applicability of the requirements of Section 4043(b) of ERISA with respect to a contributing sponsor, as defined in Section 4001(a)(13) of ERISA, to any Pension Plan where an event described in
paragraph (9), (10), (11), (12) or (13) of Section 4043(c) of ERISA is reasonably expected to occur with respect to such plan within the following thirty (30) days; (c) a withdrawal by any Loan Party or any ERISA Affiliate thereof
from a Pension Plan or the termination of any Pension Plan resulting in liability under Sections 4063 or 4064 of ERISA; (d) the withdrawal of any Loan Party or any ERISA Affiliate thereof in a complete or partial withdrawal (within the meaning
of Section 4203 and 4205 of ERISA) from any Multiemployer Plan if there is any potential liability therefor, or the receipt by any Loan Party or any ERISA Affiliate thereof of notice from any Multiemployer Plan that it is in reorganization or
insolvency pursuant to Section 4241 or 4245 of ERISA; (e) the filing of a notice of intent to terminate, the treatment of a plan amendment as a termination under Section 4041 or 4041A of ERISA, or the commencement of proceedings by
the PBGC to terminate a Pension Plan or Multiemployer Plan; (f) the imposition of liability on any Loan Party or any ERISA Affiliate thereof pursuant to Sections 4062(e) or 4069 of ERISA or by reason of the application of Section 4212(c)
of ERISA; (g) the failure by any Loan Party or any ERISA Affiliate thereof to make any required 

  
 10 

 
contribution to a Pension Plan, or the failure to meet the minimum funding standard of Section 412 of the Code with respect to any Pension Plan (whether or not waived in accordance with
Section 412(c) of the Code) or the failure to make by its due date a required installment under Section 430 of the Code with respect to any Pension Plan or the failure to make any required contribution to a Multiemployer Plan; (h) the
determination that any Pension Plan is considered an at-risk plan or a plan in endangered to critical status within the meaning of Sections 430, 431 and 432 of the Code or Sections 303, 304 and 305 of ERISA;
(i) an event or condition which might reasonably be expected to constitute grounds under Section 4042 of ERISA for the termination of, or the appointment of a trustee to administer, any Pension Plan or Multiemployer Plan; (j) the
imposition of any liability under Title I or Title IV of ERISA, other than PBGC premiums due but not delinquent under Section 4007 of ERISA, upon any Loan Party or any ERISA Affiliate thereof; (k) an application for a funding waiver under
Section 303 of ERISA or an extension of any amortization period pursuant to Section 412 of the Code with respect to any Pension Plan; (l) the occurrence of a non-exempt prohibited transaction
under Sections 406 or 407 of ERISA for which any Loan Party or any Subsidiary thereof may be directly or indirectly liable; (m) a violation of the applicable requirements of Section 404 or 405 of ERISA or the exclusive benefit rule under
Section 401(a) of the Code by any fiduciary or disqualified person for which any Loan Party or any ERISA Affiliate thereof may be directly or indirectly liable; (n) the occurrence of an act or omission which could give rise to the
imposition on any Loan Party or any ERISA Affiliate thereof of fines, penalties, taxes or related charges under Chapter 43 of the Code or under Sections 409, 502(c), (i) or (1) or 4071 of ERISA; (o) the assertion of a material claim (other than
routine claims for benefits) against any Plan or the assets thereof, or against any Loan Party or any Subsidiary thereof in connection with any such Plan; (p) receipt from the IRS of notice of the failure of any Qualified Plan to qualify under
Section 401(a) of the Code, or the failure of any trust forming part of any Qualified Plan to qualify for exemption from taxation under Section 501(a) of the Code; (q) the imposition of any lien (or the fulfillment of the conditions
for the imposition of any lien) on any of the rights, properties or assets of any Loan Party or any ERISA Affiliate thereof, in either case pursuant to Title I or IV of ERISA, including Section 302(f) or 303(k) of ERISA or to
Section 401(a)(29) or 430(k) of the Code; or (r) the establishment or amendment by any Loan Party or any Subsidiary thereof of any “welfare plan” as such term is defined in Section 3(1) of ERISA, that provides
post-employment welfare benefits in a manner that could be reasonably likely to result in material liability of any Loan Party. 

“ERISA Funding Rules”: the rules regarding minimum required contributions (including any installment payment thereof)
to Pension Plans, as set forth in Section 412 of the Code and Section 302 of ERISA, with respect to Plan years ending prior to the effective date of the Pension Protection Act of 2006, and thereafter, as set forth in Sections 412, 430,
431, 432 and 436 of the Code and Sections 302, 303, 304 and 305 of ERISA. 
 “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. 

“Eurocurrency Reserve Requirements”: for any day as applied to a Eurodollar Loan, the aggregate (without duplication)
of the maximum rates (expressed as a decimal fraction) of reserve requirements in effect on such day (including basic, supplemental, marginal and emergency reserves) under any regulations of the Board or other Governmental Authority having
jurisdiction with respect thereto dealing with reserve requirements prescribed for eurocurrency funding (currently referred to as “Eurocurrency Liabilities” in Regulation D of the Board) maintained by a member bank of the Federal Reserve
System. 

  
 11 

 “Eurodollar Base Rate”: with respect to each day during each
Interest Period pertaining to (a) a Eurodollar Loan, the rate per annum determined by the Administrative Agent by reference to the ICE Benchmark Administration London Interbank Offered Rate (“LIBOR”) (or any successor
thereto if the ICE Benchmark Administration is no longer making LIBOR available) for deposits (for delivery on the first day of such Interest Period) with a term equivalent to such Interest Period in Dollars, determined as of approximately 11:00
A.M. (London, England time) two (2) Business Days prior to the beginning of such Interest Period (as set forth by Bloomberg Information Service or any successor thereto or any other commercially available service selected by the Administrative
Agent which provides quotations of LIBOR); and (b) an ABR Loan, the rate per annum determined by the Administrative Agent to be LIBOR (for delivery on the first day of such Interest Period) with a term of one (1) month in Dollars,
determined as of approximately 11:00 A.M. (London, England time) two (2) Business Days prior to the beginning of such Interest Period (as set forth by Bloomberg Information Service or any successor thereto or any other commercially available
service selected by the Administrative Agent which provides quotations of LIBOR); provided that in either case (a) or (b), the Eurodollar Base Rate shall not be less than 0% In the event that the Administrative Agent determines that LIBOR is
not available, the “Eurodollar Base Rate” shall be determined by reference to the rate per annum equal to the offered quotation rate to first class banks in the London interbank market by SVB for deposits (for delivery on the first day of
the relevant Interest Period) in Dollars of amounts in same day funds comparable to the principal amount of the applicable Loan of the Administrative Agent, in its capacity as a Lender, for which the Eurodollar Base Rate is then being determined
with maturities comparable to such period, in the case of a Eurodollar Loan, and of one (1) month, in the case of an ABR Loan, as of approximately 11:00 A.M. (London, England time) two (2) Business Days prior to the beginning of such
Interest Period; provided that, in all events, such Eurodollar Base Rate shall not be less than 0%. 
 “Eurodollar
Loans”: Loans the rate of interest applicable to which is based upon clause (a) of the definition of “Eurodollar Base Rate.” 

“Eurodollar Rate”: with respect to each day during each Interest Period pertaining to a Eurodollar Loan, a rate per
annum determined for such day in accordance with the following formula: 

                       
  Eurodollar Base Rate                         

1.00 - Eurocurrency Reserve Requirements 

The Eurodollar Rate shall be adjusted automatically as of the effective date of any change in the Eurocurrency Reserve Requirements; provided
that the Eurodollar Rate shall not be less than 0%. 
 “Eurodollar Tranche”: the collective reference to Eurodollar
Loans under a particular Facility (other than the L/C Facility), the then current Interest Periods with respect to all of which begin on the same date and end on the same later date (whether or not such Loans shall originally have been made on the
same day). 
 “Event of Default”: any of the events specified in Section 8.1;
provided that any requirement for the giving of notice, the lapse of time, or both, has been satisfied. 
 “Exchange
Act”: the Securities Exchange Act of 1934, as amended from time to time and any successor statute. 
 “Excluded
Assets”: as defined in the Guarantee and Collateral Agreement. 
 “Excluded Lender”: any operating
company directly and primarily engaged in substantially similar business operations as the Group Members and any Subsidiary of such operating company, in each case, that has been specifically identified by name in writing by Holdings or the Borrower
to the Administrative Agent and the Lenders and approved by the Administrative Agent as an “Excluded Lender”; provided, that such Persons shall no longer be designated as an Excluded Lender if any Event of Default under
Section 8.1(a) or (f) has occurred and is continuing. 

  
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 “Excluded Subsidiary”: any Subsidiary that is (a) not a
Domestic Subsidiary of Holdings or another Loan Party if becoming a Guarantor hereunder would reasonably be expected to result in adverse tax consequences, (b) a Foreign Subsidiary Holding Company if becoming a Guarantor hereunder would
reasonably be expected to result in adverse tax consequences or (c) an Immaterial Subsidiary. 
 “Excluded Swap
Obligations”: with respect to any Guarantor, any Swap Obligation if, and to the extent that, all or a portion of the Guarantee Obligation of such Guarantor with respect to, or the grant by such Guarantor of a Lien to secure, such Swap
Obligation (or any guarantee 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 Guarantor’s failure for any reason to constitute an “eligible contract participant” as defined in the Commodity Exchange Act at the time such Guarantee Obligation of such Guarantor, or the grant by such Guarantor of such Lien,
becomes effective with respect to such Swap Obligation. If such 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 Guarantee Obligation or Lien is or becomes excluded in accordance with the first sentence of this definition. 

“Excluded Taxes”: any of the following Taxes imposed on or with respect to a Recipient or required to be withheld or
deducted from a payment to a 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, 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, U.S. federal withholding Taxes imposed on amounts payable to or for the account of such Lender 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 acquires such
interest in the Loan or Commitment (other than pursuant to an assignment request by the Borrower under Section 2.23) or (ii) such Lender changes its lending office, except in each case to the extent that, pursuant to
Section 2.20, amounts with respect to such Taxes were payable either to such Lender’s assignor immediately before such Lender became a party hereto or to such Lender immediately before it changed its lending office,
(c) Taxes attributable to such Recipient’s failure to comply with Section 2.20(f) and (d) any withholding Taxes imposed under FATCA. 

“Existing Credit Facility”: the credit facility governed by that certain Amended and Restated Loan and Security
Agreement dated as of October 5, 2017, as amended. 
 “Existing Letters of Credit”: the letters of credit
described on Schedule 1.1B. 
 “Facility”: each of (a) the L/C Facility (which is a sub-facility of the Revolving Facility), (b) the Revolving Facility and (c) the Swingline Facility (which is a sub-facility of the Revolving Facility). 

“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 agreement entered into pursuant to Section 1471(b)(1) of the Code and any fiscal or
regulatory legislation, rules or practices adopted pursuant to any intergovernmental agreement, treaty or convention among Governmental Authorities and implementing such Sections of the Code. 

  
 13 

 “Federal Funds Effective Rate”: for any day, the weighted average of
the rates on overnight federal funds transactions with members of the Federal Reserve System, as published on the next succeeding Business Day by the Federal Reserve Bank of New York, or, if such rate is not so published for any day that is a
Business Day, the average of the quotations for the day of such transactions received by SVB from three federal funds brokers of recognized standing selected by it. 

“Fee Letter”: the letter agreement dated June 10, 2019, among the Borrower, Holdings and the Administrative
Agent. 
 “Flood Laws”: the National Flood Insurance Reform Act of 1994 and related legislation (including the
regulations of the Board of Governors of the Federal Reserve System). 
 “Flow of Funds Agreement”: the spreadsheet
or other similar statement prepared by the Administrative Agent and approved by the Borrower, regarding the disbursement of Loan proceeds (if any) on the Closing Date, the funding and the payment of the fees and expenses of the Administrative Agent
and the Lenders (including counsel to the Administrative Agent), and such other matters as may be agreed to by the Borrower, the Administrative Agent and the Lenders. 

“Foreclosed Borrowers”: as defined in Section 2.25. 

“Foreign Lender”: (a) if the Borrower is a U.S. Person, a Lender that is not a U.S. Person, and (b) if the Borrower is
not a U.S. Person, a Lender that is resident or organized under the laws of a jurisdiction other than that in which the Borrower is resident for tax purposes. 

“Foreign Subsidiary”: any Subsidiary of Holdings that is not a Domestic Subsidiary. 

“Foreign Subsidiary Holding Company”: any direct or indirect Domestic Subsidiary of Holdings, substantially all of the
assets of which consist of the Capital Stock (or Capital Stock and other securities) of one or more controlled foreign corporations (within the meaning of Section 957 of the Code) or other Foreign Subsidiary Holding Companies. 

“Fronting Exposure”: at any time there is a Defaulting Lender, as applicable, (a) with respect to the Issuing
Lender, such Defaulting Lender’s L/C Percentage of the outstanding L/C Exposure other than L/C Exposure as to which such Defaulting Lender’s participation obligation has been reallocated to other Lenders or Cash Collateralized in
accordance with the terms hereof, and (b) with respect to the Swingline Lender, such Defaulting Lender’s Revolving Percentage of outstanding Swingline Loans made by the Swingline Lender other than Swingline Loans as to which such
Defaulting Lender’s participation obligation has been reallocated to other Lenders. 
 “Fund”: any Person
(other than a natural Person) that is (or will be) engaged in making, purchasing, holding or otherwise investing in commercial loans, bonds and similar extensions of credit in the ordinary course of its activities. 

“Funding Office”: the Revolving Loan Funding Office. 

“GAAP”: generally accepted accounting principles in the United States as in effect from time to time, except that for
purposes of Section 7.1, GAAP shall be determined on the basis of such principles in effect on the date hereof and consistent with those used in the preparation of the most recent audited financial statements referred to in
Section 4.1(b). In the event that any “Accounting Change” (as defined below) shall occur and such change results in a change in the method of calculation of financial covenants, standards or terms in
this Agreement, then the Borrower and the Administrative Agent agree to enter into negotiations to amend such provisions of this Agreement so as to reflect equitably such Accounting Changes with the desired result that the criteria for evaluating
the Borrower’s financial 

  
 14 

 
condition shall be the same after such Accounting Changes as if such Accounting Changes had not been made. Until such time as such an amendment shall have been executed and delivered by the
Borrower, the Administrative Agent and the Required Lenders, all financial covenants, standards and terms in this Agreement shall continue to be calculated or construed as if such Accounting Changes had not occurred. “Accounting
Changes” refers to changes 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 or,
if applicable, the SEC, or the adoption of IFRS. 
 “Governmental Approval”: any consent, authorization, approval,
order, license, franchise, permit, certificate, accreditation, registration, filing or notice, of, issued by, from or to, or other act by or in respect of, any Governmental Authority. 

“Governmental Authority”: the government of the United States of America or any other nation, or of any political
subdivision thereof, whether state or local, and any 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), and any group or body charged with setting accounting or regulatory capital rules or standards (including the Financial Standards
Board, the Bank for International Settlements, the Basel Committee on Banking Supervision and any successor or similar authority to any of the foregoing). 

“Group Members”: the collective reference to Holdings and its Subsidiaries. 

“Guarantee and Collateral Agreement”: the Guarantee and Collateral Agreement to be executed and delivered by the Loan
Parties, substantially in the form of Exhibit A. 
 “Guarantee Obligation”: as to any Person (the
“guaranteeing person”), any obligation, including a reimbursement, counterindemnity or similar obligation, of the guaranteeing person that guarantees or in effect guarantees, or which is given to induce the creation of a
separate obligation by another Person (including any bank under any letter of credit) that guarantees or in effect guarantees, any Indebtedness, leases, dividends or other obligations (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 therefor, (ii) to advance or supply funds (1) for the purchase or payment of any such primary obligation or (2) to maintain working capital or equity capital of the primary obligor or
otherwise to maintain the net worth or solvency of the primary obligor, (iii) to purchase property, securities or services primarily for the purpose of assuring the owner of any such primary obligation of the ability of the primary obligor to
make payment of such primary obligation or (iv) otherwise to assure or hold harmless the owner of any such primary obligation against loss in respect thereof; provided that the term Guarantee Obligation shall not include endorsements of
instruments for deposit or collection in the ordinary course of business. 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 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 Borrower in good faith. 

  
 15 

 “Guarantors”: a collective reference to Holdings and each Subsidiary
of Holdings which has become a Guarantor pursuant to the requirements of Section 6.12 hereof and the Guarantee and Collateral Agreement. Notwithstanding the foregoing or any contrary provision herein or in any other Loan
Document, no Excluded Subsidiary shall be required to be a Guarantor, and no Subsidiary shall be required to become a Guarantor if, in the reasonable judgment of the Administrative Agent and the Borrower, the burden or cost of providing a guarantee
shall be excessive in view of the benefits to be obtained by the Secured Parties therefrom. 
 “Holdings”: has the
meaning in the preamble hereto. 
 “IFRS”: international accounting standards within the meaning of IAS Regulation
1606/2002 to the extent applicable to the relevant financial statements delivered under or referred to herein. 
 “Immaterial
Subsidiary”: at any date of determination, any Subsidiary of any Loan Party (other than a Borrower or a Guarantor) designated as such by the Borrower in writing and which as of such date (a) holds assets representing 5% or less of
Holdings’ consolidated total assets as of such date (determined in accordance with GAAP), (b) has generated less than 5% of Holdings’ consolidated total revenues determined in accordance with GAAP for the four fiscal quarter period ending
on the last day of the most recent period for which financial statements have been delivered after the Closing Date pursuant to Section 6.1(b); provided that all Subsidiaries that are individually
“Immaterial Subsidiaries” shall not have aggregate consolidated total assets that would represent 10% or more of Holdings’ consolidated total assets as of such date or have generated 10% or more of Holdings’
consolidated total revenues for such four fiscal quarter period, in each case determined in accordance with GAAP, and (c) owns no material Intellectual Property. 

“Increase”: as defined in Section 2.27. 

“Increase Joinder”: an instrument, in form and substance reasonably satisfactory to the Administrative Agent, by which
a Lender becomes a party to this Agreement pursuant to Section 2.27. 
 “Incurred”: as
defined in the definition of “Pro Forma Basis”. 
 “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 current trade payables incurred in the ordinary course of such
Person’s 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), (e) all Capital Lease Obligations and all Synthetic
Lease Obligations of such Person, (f) all obligations of such Person, contingent or otherwise, as an account party or applicant under or in respect of acceptances, letters of credit, surety bonds or similar arrangements, (g) all
obligations of such Person to purchase, redeem, retire, defease or otherwise make any payment in respect of any Capital Stock in such Person or any other Person (including, without limitation, Disqualified Stock), or any warrant, right or option to
acquire such Capital Stock, valued, in the case of a redeemable preferred interest, at the greater of its voluntary or involuntary liquidation preference plus accrued and unpaid dividends, (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 secured by (or for which the holder of such obligation has an existing
right, contingent or otherwise, to be 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 obligation, and (j) the net
obligations of such Person in respect of Swap Agreements. The Indebtedness of any Person shall include the Indebtedness of any other entity (including any partnership in which such Person is a general partner) to the extent such Person is liable
therefor as a result of such Person’s ownership interest in or other relationship with such entity, except to the extent the terms of such Indebtedness expressly provide that such Person is not liable therefor. 

  
 16 

 “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 (a), Other Taxes. 

“Indemnitee”: as defined in Section 10.5(b). 

“Insolvency Proceeding”: (a) any case, action or proceeding before any court or other Governmental Authority relating
to bankruptcy, reorganization, 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 any Person’s creditors generally or any substantial portion of such Person’s creditors, in each case undertaken under U.S. Federal, state or foreign law, including any
Debtor Relief Law. 
 “Intellectual Property”: the collective reference to all rights, priorities and privileges
relating to intellectual property, whether arising under United States, multinational or foreign laws or otherwise, including copyrights, copyright licenses, patents, patent licenses, trademarks, trademark licenses, technology, know-how and processes, and all rights to sue at law or in equity for any infringement or other impairment thereof, including the right to receive all proceeds and damages therefrom. 

“Interest Payment Date”: (a) as to any ABR Loan (including any Swingline Loan), the first Business Day of each fiscal
quarter to occur while such Loan is outstanding and the final maturity date of such Loan, (b) as to any Eurodollar Loan having an Interest Period of three (3) months or less, the last Business Day of such Interest Period, (c) as to
any Eurodollar Loan having an Interest Period longer than three (3) months, each day that is three (3) months (or, if such date is not a Business Day, the Business Day next succeeding such date) after the first day of such Interest Period
and the last Business Day of such Interest Period, and (d) as to any Loan (other than any Revolving Loan that is an ABR Loan and any Swingline Loan), the date of any repayment or prepayment made in respect thereof. 

“Interest Period”: as to any Eurodollar Loan, (a) initially, the period commencing on the borrowing or conversion
date, as the case may be, with respect to such Eurodollar Loan and ending one (1), three (3) or six (6) months thereafter, as selected by the Borrower in its Notice of Borrowing or Notice of Conversion/Continuation, as the case may be,
given with respect thereto; and (b) thereafter, each period commencing on the last day of the next preceding Interest Period applicable to such Eurodollar Loan and ending one (1), three (3) or six (6) months thereafter, as selected by
the Borrower by irrevocable notice to the Administrative Agent in a Notice of Conversion/Continuation not later than 10:00 A.M. on the date that is three (3) Business Days prior to the last day of the then current Interest Period with respect
thereto; provided that all of the foregoing provisions relating to Interest Periods are subject to the following: 
 (i) if any
Interest Period would otherwise end on a day that is not a Business Day, such Interest Period shall be extended to the next succeeding Business Day unless the result of such extension would be to carry such Interest Period into another calendar
month in which event such Interest Period shall end on the immediately preceding Business Day; 
 (ii) the Borrower may not select an
Interest Period under a particular Facility that would extend beyond the Revolving Termination Date; 

  
 17 

 (iii) any Interest Period that begins on the last Business Day of a calendar month (or on a
day for which there is no numerically corresponding day in the calendar month at the end of such Interest Period) shall end on the last Business Day of a calendar month; and 

(iv) the Borrower shall select Interest Periods so as not to require a payment or prepayment of any Eurodollar Loan during an Interest Period
for such Loan. 
 “Interest Rate Agreement”: any interest rate swap agreement, interest rate cap agreement, interest
rate collar agreement, interest rate hedging agreement or other similar agreement or arrangement, each of which is (a) for the purpose of hedging the interest rate exposure associated with Holdings’ and its Subsidiaries’ operations,
(b) approved by Administrative Agent, and (c) not for speculative purposes. 
 “Inventory”: all
“inventory,” as such term is defined in the UCC, now owned or hereafter acquired by any Loan Party, wherever located, and in any event including inventory, merchandise, goods and other personal property that are held by or on behalf of any
Loan Party for sale or lease or are furnished or are to be furnished under a contract of service, or that constitutes raw materials, work in process, finished goods, returned goods, or materials or supplies of any kind used or consumed or to be used
or consumed in such Loan Party’s business or in the processing, production, packaging, promotion, delivery or shipping of the same, including all supplies and embedded software. 

“Investments”: as defined in Section 7.8. 

“IRS”: the Internal Revenue Service, or any successor thereto. 

“ISP”: with respect to any Letter of Credit, the “International Standby Practices 1998” published by the
Institute of International Banking Law & Practice (or such later version thereof as may be in effect at the time of issuance). 

“Issuing Lender”: as the context may require, (a) SVB or any Affiliate thereof, in its capacity as issuer of any
Letter of Credit (including, without limitation, each Existing Letter of Credit), and (b) any other Lender or an Affiliate thereof that may become an Issuing Lender pursuant to Section 3.11 or 3.12, with respect
to Letters of Credit issued by such Lender or its Affiliate. The Issuing Lender may, in its discretion, arrange for one or more Letters of Credit to be issued by Affiliates of the Issuing Lender or other financial institutions, in which case the
term “Issuing Lender” shall include any such Affiliate or other financial institution with respect to Letters of Credit issued by such Affiliate or other financial institution. 

“Issuing Lender Fees”: as defined in Section 3.3(a). 

“L/C Advance”: each L/C Lender’s funding of its participation in any L/C Disbursement in accordance with its L/C
Percentage of the L/C Commitment. 
 “L/C Commitment”: as to any L/C Lender, the obligation of such L/C Lender, if
any, to purchase an undivided interest in the Issuing Lenders’ obligations and rights under and in respect of each Letter of Credit (including to make payments with respect to draws made under any Letter of Credit pursuant to
Section 3.5(b)) in an aggregate principal amount not to exceed the amount set forth under the heading “L/C Commitment” opposite such L/C Lender’s name on Schedule 1.1A or in the Assignment and
Assumption or Increase Joinder pursuant to which such L/C Lender becomes a party hereto, as the same may be changed from time to time pursuant to the terms hereof. The L/C Commitment is a sublimit of the Revolving Commitment and the aggregate amount
of the L/C Commitments shall not exceed the amount of the Total L/C Commitments at any time. 

  
 18 

 “L/C Disbursements”: a payment or disbursement made by the Issuing
Lender pursuant to a Letter of Credit. 
 “L/C Exposure”: at any time, the sum of (a) the aggregate undrawn
amount of all outstanding Letters of Credit at such time, and (b) the aggregate amount of all L/C Disbursements that have not yet been reimbursed or converted into Revolving Loans at such time. The L/C Exposure of any L/C Lender at any time
shall equal its L/C Percentage of the aggregate L/C Exposure at such time. 
 “L/C Facility”: the L/C Commitments
and the extensions of credit made thereunder. 
 “L/C Fee Payment Date”: as defined in
Section 3.3(a). 
 “L/C Lender”: a Lender with an L/C Commitment. 

“L/C Percentage”: as to any L/C Lender at any time, the percentage of the Total L/C Commitments represented by such
L/C Lender’s L/C Commitment, as such percentage may be adjusted as provided in Section 2.24. 
 “L/C-Related Documents”: collectively, each Letter of Credit (including any Existing Letter of Credit), all applications for any Letter of Credit (and applications for the amendment of any Letter of
Credit) submitted by the Borrower to the Issuing Lender and any other document, agreement and instrument relating to any Letter of Credit, including any of the Issuing Lender’s standard form documents for letter of credit issuances. 

“Lenders”: as defined in the preamble hereto; provided that unless the context otherwise requires, each
reference herein to the Lenders shall be deemed to include the Issuing Lender, the L/C Lender and the Swingline Lender. 

“Letter of Credit”: as defined in Section 3.1(a); provided that such term shall
include each Existing Letter of Credit. 
 “Letter of Credit Availability Period”: the period from and including the
Closing Date to but excluding the Letter of Credit Maturity Date. 
 “Letter of Credit Fees”: as defined in
Section 3.3(a). 
 “Letter of Credit Fronting Fees”: as defined in
Section 3.3(a). 
 “Letter of Credit Maturity Date”: the date occurring fifteen
(15) days prior to the Revolving Termination Date then in effect (or, if such day is not a Business Day, the next preceding Business Day). 

“LIBOR”: as defined in the definition of “Eurodollar Base Rate.” 

“Lien”: any mortgage, deed of trust, pledge, hypothecation, collateral 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). 
 “Loan”: any loan made
or maintained by any Lender pursuant to this Agreement. 

  
 19 

 “Loan Documents”: this Agreement, each Security Document, each Note,
the Fee Letter, the Flow of Funds Agreement, each Assignment and Assumption, each Compliance Certificate, each Borrowing Base Certificate, each Increase Joinder, each Notice of Borrowing, each Notice of Conversion/Continuation, the Solvency
Certificate, the Collateral Information Certificate, each L/C-Related Document, each subordination or intercreditor agreement and any agreement creating or perfecting rights in cash collateral pursuant to the
provisions of Section 3.10, or otherwise, and any amendment, waiver, supplement or other modification to any of the foregoing. 

“Loan Parties”: each Group Member that is a party to a Loan Document, as a Borrower or a Guarantor. 

“Material Adverse Effect”: (a) a material impairment in the perfection or priority of the Administrative Agent’s
Lien on the Collateral or in the value of such Collateral; (b) a material adverse change in, or a material adverse effect on, the operations, business, assets, properties, liabilities (actual or contingent) or financial condition of the Loan
Parties and their Subsidiaries, taken as a whole; (c) a material impairment of the rights and remedies, taken as a whole, of the Administrative Agent and the Lenders under any Loan Document (other than as a result of the action or inaction of
the Administrative Agent and the Lenders), or of the ability of the Loan Parties, taken as a whole, to perform their obligations under the Loan Documents; or (d) a material adverse effect upon the legality, validity, binding effect or
enforceability against any Loan Party of any Loan Document to which it is a party (other than as a result of the action or inaction of the Administrative Agent or any Lender). 

“Materials of Environmental Concern”: any substance, material or waste that is defined, regulated, governed or
otherwise characterized under any Environmental Law as hazardous or toxic or as a pollutant or contaminant (or by words of similar meaning and regulatory effect), any petroleum or petroleum products, asbestos, polychlorinated biphenyls,
urea-formaldehyde insulation, molds or fungus, and radioactivity, radiofrequency radiation at levels known to be hazardous to human health and safety. 

“Minority Lender”: as defined in Section 10.1(b). 

“Moody’s”: Moody’s Investors Service, Inc. 

“Mortgaged Properties”: the real properties as to which, pursuant to Section 6.12(b) or
otherwise, the Administrative Agent, for the benefit of the Secured Parties, shall be granted a Lien pursuant to the Mortgages. 

“Mortgages”: each of the mortgages, deeds of trust, deeds to secure debt or such equivalent documents hereafter
entered into and executed and delivered by one or more of the Loan Parties to the Administrative Agent, in each case, as such documents may be amended, amended and restated, supplemented or otherwise modified, renewed or replaced from time to time
and in form and substance reasonably acceptable to the Administrative Agent. 
 “Multiemployer Plan”: a
“multiemployer plan” (within the meaning of Section 3(37) of ERISA) to which any Loan Party or any ERISA Affiliate thereof makes, is making, or is obligated or has ever been obligated to make, contributions. 

“Multiplier”: at any time of determination, (a) if the Cash Balance is less than the Cash Balance Threshold, 3,
or (b) if the Cash Balance is equal to or greater than the Cash Balance Threshold, 4; provided, however, that the Administrative Agent has the right to decrease the foregoing Multipliers in its good faith business judgment based on the
results of field exams, audits and to mitigate the impact of events, conditions, contingencies, or risks which may adversely affect the Collateral or its value in any 

  
 20 

 
material respects; provided, further, that so long as no Event of Default has occurred and is continuing, the Administrative Agent will endeavor in good faith to first consult with
the Borrower prior to any such decrease (it being agreed that failure to do so shall not be a violation of this Agreement or give rise of any liability of the Administrative Agent or any Lender). 

“Net Revenue”: gross revenue minus returns and discounts of the Loan Parties determined in accordance with GAAP. 

“Non-Consenting Lender”: any Lender that does not approve any consent, waiver
or amendment that (a) requires the approval of all Affected Lenders in accordance with the terms of Section 10.1 and (b) has been approved by the Required Lenders. 

“Non-Defaulting Lender”: at any time, each Lender that is not a Defaulting
Lender at such time. 
 “Note”: a Revolving Loan Note or a Swingline Loan Note. 

“Notice of Borrowing”: a notice substantially in the form of Exhibit K. 

“Notice of Conversion/Continuation”: a notice substantially in the form of Exhibit L. 

“Obligations”: (a) the unpaid principal of and interest on (including interest accruing after the maturity of the
Loans and interest accruing after the filing of any petition in bankruptcy, or the commencement of any insolvency, reorganization or like proceeding, relating to any Loan Party, whether or not a claim for post-filing or post-petition interest is
allowed or allowable in such proceeding) the Loans and all other obligations and liabilities (including any fees or expenses that accrue after the filing of any petition in bankruptcy, or the commencement of any insolvency, reorganization or like
proceeding, relating to any Loan Party, whether or not a claim for post-filing or post-petition interest is allowed or allowable in such proceeding) of the Loan Parties to the Administrative Agent, the Issuing Lender, any other Lender, any
applicable Cash Management Bank, and any Qualified Counterparty party to a Specified Swap Agreement, 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, any Cash Management Agreement, any Specified Swap Agreement or any other document made, delivered or given in connection herewith or therewith, whether on account of
principal, interest, reimbursement obligations, payment obligations, fees, indemnities, costs, expenses (including all reasonable and documented out-of-pocket fees,
charges and disbursements of counsel to the Administrative Agent, the Issuing Lender, any other Lender, any applicable Cash Management Bank, to the extent that any applicable Cash Management Agreement requires the reimbursement by any applicable
Group Member of any such expenses), and any Qualified Counterparty party to a Specified Swap Agreement that are required to be paid by any Loan Party pursuant any Loan Document, Cash Management Agreement or otherwise, and (b) any obligations of
any other Group Member arising in connection with any Cash Managements Agreement. For the avoidance of doubt, the Obligations shall not include (i) any obligations arising under any warrants or other equity instruments issued by any Loan Party
to any Lender, or (ii) solely with respect to any Guarantor that is not a Qualified ECP Guarantor, any Excluded Swap Obligations of such Guarantor. 

“OFAC”: the Office of Foreign Assets Control of the United States Department of the Treasury and any successor
thereto. 

  
 21 

 “Operating Documents”: for any Person as of any date, such
Person’s constitutional documents, formation documents and/or certificate of incorporation (or equivalent thereof), as certified (if applicable) by such Person’s jurisdiction of formation as of a recent date, and, (a) if such Person
is a corporation, its bylaws or memorandum and articles of association (or equivalent thereof) in current form, (b) if such Person is a limited liability company, its limited liability company agreement (or similar agreement), and (c) if such
Person is a partnership, its partnership agreement (or similar agreement), each of the foregoing with all current amendments or modifications thereto. 

“Other Connection Taxes”: with respect to any Recipient, Taxes imposed as a result of a present or former connection
between such Recipient and the jurisdiction imposing such Tax (other than connections arising from such Recipient 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”: all present or future stamp, court or documentary, intangible, recording, filing or similar Taxes that
arise from any payment made under, 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 2.23). 

“Overadvance”: as defined in Section 2.8. 

“Participant”: as defined in Section 10.6(d). 

“Participant Register”: as defined in Section 10.6(d). 

“Patriot Act”: the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct
Terrorism (USA PATRIOT ACT) Act of 2001, Title III of Pub. L. 107-56, signed into law October 26, 2001. 

“Payoff Letter”: a letter, in form and substance reasonably satisfactory to the Administrative Agent, dated as of a
date prior to the Closing Date and executed by SVB and the applicable Loan Parties to the effect that upon receipt by SVB of the “payoff amount” (however designated) referenced therein, (a) the obligations of the Group Members under the
Existing Credit Facility shall be satisfied in full, (b) the Liens held by SVB under the Existing Credit Facility shall terminate without any further action, and (c) the Borrower and the Administrative Agent (and their respective counsel and
such counsels’ agents) shall be entitled to file UCC-3 amendment statements, any other releases reasonably necessary to further evidence the termination of such Liens. 

“PBGC”: the Pension Benefit Guaranty Corporation, or any successor thereto. 

“Pension Plan”: an employee benefit plan (as defined in Section 3(3) of ERISA) other than a Multiemployer Plan
(a) that is or was at any time maintained or sponsored by any Loan Party or any ERISA Affiliate thereof or to which any Loan Party or any ERISA Affiliate thereof has ever made, or was obligated to make, contributions, and (b) that is or
was subject to Section 412 of the Code, Section 302 of ERISA or Title IV of ERISA. 
 “Permitted
Acquisition”: as defined in Section 7.8(n). 
 “Person”: any natural Person,
corporation, limited liability company, trust, joint venture, association, company, partnership, Governmental Authority or other entity. 

  
 22 

 “Plan”: (a) an employee benefit plan (as defined in
Section 3(3) of ERISA) other than a Multiemployer Plan which is or was at any time maintained or sponsored by any Loan Party or any Subsidiary thereof or to which any Loan Party or any Subsidiary thereof has ever made, or was obligated to make,
contributions, (b) a Pension Plan, or (c) a Qualified Plan. 
 “Platform”: is any of Debt Domain,
Intralinks, Syndtrak, DebtX or a substantially similar electronic transmission system. 
 “Preferred Stock”: the
preferred Capital Stock of Holdings. 
 “Prime Rate”: the rate of interest per annum published in the money rates
section of the Wall Street Journal or any successor publication thereto as the “prime rate” then in effect; provided that if such rate of interest, as set forth from time to time in the money rates section of the Wall Street
Journal, becomes unavailable for any reason as determined by the Administrative Agent, the “Prime Rate” shall mean the rate of interest per annum announced by the Administrative Agent as its prime rate in effect at its principal office in
the State of California (such announced Prime Rate not being intended to be the lowest rate of interest charged by the Administrative Agent in connection with extensions of credit to debtors). 

“Pro Forma Basis”: with respect to any calculation or determination for any period, in making such calculation or
determination on the specified date of determination (the “Determination Date”): 
 (a) pro forma effect will be
given to any Indebtedness incurred by Holdings or any of its Subsidiaries (including by assumption of then outstanding Indebtedness or by a Person becoming a Subsidiary) (“Incurred”) after the beginning of the applicable
period and on or before the Determination Date to the extent the Indebtedness is outstanding or is to be Incurred on the Determination Date, as if such Indebtedness had been Incurred on the first day of such period; 

(b) pro forma calculations of interest on Indebtedness bearing a floating interest rate will be made as if the rate in effect on the
Determination Date (taking into account any Swap Agreement applicable to the Indebtedness) had been the applicable rate for the entire reference period; and 

(c) pro forma effect will be given to: (A) the acquisition or disposition of companies, divisions or lines of businesses by Holdings and
its Subsidiaries, including any acquisition or disposition of a company, division or line of business since the beginning of the reference period by a Person that became a Subsidiary after the beginning of the applicable period; and (B) the
discontinuation of any discontinued operations; in each case of clauses (A) and (B), that have occurred since the beginning of the applicable period and before the Determination Date as if such events had occurred, and, in the case of any
disposition, the proceeds thereof applied, on the first day of such period. To the extent that pro forma effect is to be given to an acquisition or disposition of a company, division or line of business, the pro forma calculation will be calculated
in good faith by a responsible financial or accounting officer of Holdings in accordance with Regulation S-X under the Securities Act based upon the most recent four full fiscal quarters for which the relevant
financial information is available. 
 “Projected Pro Forma Financial Statements”: projected balance sheets, income
statements and cash flow statements prepared by Holdings and its consolidated Subsidiaries that give effect to (i) the Loans to be made on the Closing Date and the use of proceeds thereof (ii) the refinancing of the Existing Credit
Facility and (iii) the payment of fees and expenses in connection with the foregoing, in each case prepared on a quarterly basis through the Revolving Termination Date, and in each case demonstrating pro forma compliance with the covenant set
forth in Section 7.1. 

  
 23 

 “Projections”: as defined in
Section 6.2(c). 
 “Properties”: as defined in Section 4.17(a).

 “Protective Overadvance”: as defined in Section 2.8(b). 

“Qualified Counterparty”: with respect to any Specified Swap Agreement, any counterparty thereto that is a Lender or
an Affiliate of a Lender or, at the time such Specified Swap Agreement was entered into or as of the Closing Date, was the Administrative Agent or a Lender or an Affiliate of the Administrative Agent or a Lender. 

“Qualified ECP Guarantor”: in respect of any Swap Obligation, (a) each Guarantor that has total assets exceeding
$10,000,000 at the time the relevant Guarantee Obligation of such Guarantor provided in respect of, or the Lien granted by such Guarantor to secure, such Swap Obligation (or guaranty thereof) becomes effective with respect to such Swap Obligation,
and (b) any other Guarantor that (i) constitutes an “eligible contract participant” under the Commodity Exchange Act or any regulations promulgated thereunder, or (ii) can cause another Person (including, for the avoidance
of doubt, any other Guarantor not then constituting a “Qualified ECP Guarantor”) to qualify as an “eligible contract participant” at such time by entering into a “keepwell, support, or other agreement” as contemplated
by Section 1a(18)(A)(v)(II) of the Commodity Exchange Act. 
 “Qualified IPO”: a bona fide underwritten sale to
the public of common stock of Holdings (or any direct or indirect parent) (a) pursuant to a registration statement (other than on Form S-8 or any other form relating to securities issuable under any
benefit plan of Holdings or any of its Subsidiaries, as the case may be) that is declared effective by the Securities and Exchange Commission or any successor thereto or (b) after which the common Capital Stock of Holdings or any direct or
indirect parent of Holdings are listed on an internationally recognized securities exchange or dealer quotation system. 

“Qualified Plan”: an employee benefit plan (as defined in Section 3(3) of ERISA) other than a Multiemployer Plan
(a) that is or was at any time maintained or sponsored by any Loan Party or any ERISA Affiliate thereof or to which any Loan Party or any ERISA Affiliate thereof has ever made, or was ever obligated to make, contributions, and (b) that is
intended to be tax-qualified under Section 401(a) of the Code. 

“Recipient”: the (a) Administrative Agent, (b) any Lender or (c) the L/C Issuer, as applicable. 

“Recurring Revenue”: for any month, the revenue of the Group Members derived from software license subscriptions
recognized during such month, plus all transactional revenue, bank minimum guaranteed revenue, installation and set-up fees amortized over the life of the contract not to exceed 5% of revenue, revenue share
and float revenue, in each case received in the ordinary course of the Group Members’ businesses, in each case determined in accordance with GAAP and specifically excluding revenue or accounts received based on (a) sales of inventory,
goods, or equipment, (b) transaction revenue not received in the ordinary course of business, (c) sales of services not in the ordinary course of business, (d) revenue received due to one-time, non-recurring transactions, installation and/or set-up fees, (e) add-on purchases by the Group Members’ existing clients not
resulting in a continuing stream of revenue and (f) such other exclusions as the Administrative Agent shall determine after prior consultation with the Borrower, in its reasonable discretion. 

“Refunded Swingline Loans”: as defined in Section 2.7(b). 

“Register”: as defined in Section 10.6(c). 

  
 24 

 “Regulation T”: Regulation T of the Board as in effect from time to
time. 
 “Regulation U”: Regulation U of the Board as in effect from time to time. 

“Regulation X”: Regulation X of the Board as in effect from time to time. 

“Related Parties”: with respect to any Person, such Person’s Affiliates and the partners, directors, officers,
employees, agents, trustees, administrators, managers, advisors and representatives of such Person and of such Person’s Affiliates. 

“Replacement Lender”: as defined in Section 2.23. 

“Required Lenders”: at any time, (a) if only one Lender holds the Total Outstanding Revolving Commitments, such
Lender; and (b) if more than one Lender holds the Total Outstanding Revolving Commitments, then at least two Lenders who together hold more than 50% of the Total Revolving Commitments (including, without duplication, the L/C Commitments) then
in effect or, if the Revolving Commitments have been terminated, the Total Revolving Extensions of Credit then outstanding; provided that for the purposes of this clause (b), the Revolving Commitments of, and the portion of the Revolving
Loans and participations in L/C Exposure and Swingline Loans held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of Required Lenders; provided further that a Lender and its Affiliates shall
be deemed one Lender. 
 “Requirement of Law”: as to any Person, the Operating Documents of such Person, and any
law, treaty, rule or regulation or determination of an arbitrator or a court or other Governmental Authority (including, for the avoidance of doubt, the Basel Committee on Banking Supervision and any successor thereto or similar authority or
successor thereto), 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. 

“Reserves”: as of any date of determination, such amounts as the Administrative Agent may from time to time establish
and revise in its good faith business judgment, reducing the amount of the Borrowing Base (a) to reflect events, conditions, contingencies or risks which, as determined by the Administrative Agent in its good faith business judgment, do or may
adversely affect (i) the Collateral or any other property which is security for the Obligations or its value (including without limitation any increase in delinquencies of Accounts), (ii) the assets, business or prospects of the Group Members,
or (iii) the security interests and other rights of the Administrative Agent in the Collateral (including the enforceability, perfection and priority thereof); or (b) to reflect the Administrative Agent’s reasonable belief that any
collateral report or financial information furnished by or on behalf of the Loan Parties to the Administrative Agent is or may have been incomplete, inaccurate or misleading in any material respect; or (c) in respect of any state of facts which
the Administrative Agent determines constitutes an Event of Default or may, with notice or passage of time or both, constitute an Event of Default. 

“Responsible Officer”: with respect to any Person, the chief executive officer, president, chief financial officer or
controller of such Person, but in any event, with respect to financial matters, the chief financial officer, treasurer or controller of such Person. 

“Restricted Payments”: as defined in Section 7.6. 

“Revolving Commitment”: as to any Lender, the obligation of such Lender, if any, to make Revolving Loans and
participate in Swingline Loans and Letters of Credit in an aggregate principal amount not to exceed the amount set forth under the heading “Revolving Commitment” opposite such Lender’s name on Schedule 1.1A or in the Assignment
and Assumption or Increase Joinder pursuant to 

  
 25 

 
which such Lender became a party hereto, as the same may be changed from time to time pursuant to the terms hereof (including in connection with assignments and Increases permitted hereunder).
The amount of the Total Revolving Commitments as of the Closing Date is $50,000,000. The L/C Commitment and the Swingline Commitment are each sublimits of the Total Revolving Commitments. 

“Revolving Commitment Period”: the period from and including the Closing Date to the Revolving Termination Date. 

“Revolving Extensions of Credit”: as to any Revolving Lender at any time, an amount equal to the sum of
(a) the aggregate principal amount of all Revolving Loans held by such Lender then outstanding, plus (b) such Lender’s L/C Percentage of the aggregate undrawn amount of all outstanding Letters of Credit (including the Existing
Letter of Credit) at such time, plus (c) such Lender’s L/C Percentage of the aggregate amount of all L/C Disbursements that have not yet been reimbursed or converted into Revolving Loans at such time, plus (d) such
Lender’s Revolving Percentage of the aggregate principal amount of Swingline Loans then outstanding. 
 “Revolving
Facility”: the Revolving Commitments and the extensions of credit made thereunder. 
 “Revolving
Lender”: each Lender that has a Revolving Commitment or that holds Revolving 
 Loans. 

“Revolving Loan Conversion”: as defined in Section 3.5(b). 

“Revolving Loan Funding Office”: the office of the Administrative Agent specified in
Section 10.2 or such other office as may be specified from time to time by the Administrative Agent as its funding office by written notice to the Borrower and the Lenders. 

“Revolving Loan Note”: a promissory note in the form of Exhibit H-1, as
it may be amended, supplemented or otherwise modified from time to time. 
 “Revolving Loans”: as defined in
Section 2.4(a). 
 “Revolving Percentage”: as to any Revolving Lender at any time, the
percentage which such Lender’s Revolving Commitment then constitutes of the Total Revolving Commitments or, at any time after the Revolving Commitments shall have expired or terminated, the percentage which the aggregate principal amount of
such Lender’s Revolving Loans then outstanding constitutes of the aggregate principal amount of all Revolving Loans then outstanding; provided that in the event that the Revolving Loans are paid in full prior to the reduction to zero of
the Total Revolving Commitments, the Revolving Percentages shall be determined in a manner designed to ensure that the other outstanding Revolving Extensions of Credit shall be held by the Revolving Lenders on a comparable basis. 

“Revolving Termination Date”: June 28, 2022. 

“RR”: the Recurring Revenue of the Loan Parties from Eligible Customer Accounts for any applicable period as of the
last day of such period, determined in accordance with GAAP. 
 “S&P”: Standard & Poor’s Ratings
Services. 
 “Sale Leaseback Transaction”: any arrangement with any Person or Persons, whereby in contemporaneous or
substantially contemporaneous transactions a Loan Party sells substantially all of its right, title and interest in any property and, in connection therewith, acquires, leases or licenses back the right to use all or a material portion of such
property. 

  
 26 

 “Sanction(s)”: any international economic sanction administered or
enforced by the United States Government (including OFAC), the United Nations Security Council, the European Union, Her Majesty’s Treasury or other relevant sanctions authority. 

“SEC”: the Securities and Exchange Commission, any successor thereto and any analogous Governmental Authority. 

“Secured Parties”: the collective reference to the Administrative Agent, the Lenders (including any Issuing Lender in
its capacity as Issuing Lender and any Swingline Lender in its capacity as Swingline Lender), any Cash Management Bank (in its or their respective capacities as providers of Cash Management Services), and any Qualified Counterparties. 

“Securities Account”: any “securities account” as defined in the UCC with such additions to such term as may
hereafter be made. 
 “Securities Account Control Agreement”: any Control Agreement entered into by the
Administrative Agent, a Loan Party and a securities intermediary holding a Securities Account of such Loan Party pursuant to which the Administrative Agent is granted “control” (for purposes of the UCC) over such Securities Account. 

“Securities Act”: the Securities Act of 1933, as amended from time to time and any successor statute. 

“Security Documents”: the collective reference to (a) the Guarantee and Collateral Agreement, (b) the Mortgages
(if any), (c) each Deposit Account Control Agreement, (d) each Securities Account Control Agreement, (e) all other security documents hereafter delivered to the Administrative Agent granting a Lien on any property of any Person to secure
the Obligations of any Loan Party arising under any Loan Document, (f) each Pledge Supplement, (g) each Assumption Agreement, and (h) all financing statements, fixture filings, assignments, acknowledgments and other filings, documents
and agreements made or delivered pursuant to any of the foregoing. 
 “Solvency Certificate”: the Solvency
Certificate, dated the Closing Date, delivered to the Administrative Agent pursuant to Section 5.1(o), which Solvency Certificate shall be in substantially the form of Exhibit D. 

“Solvent”: when used with respect to any Person, as of any date of determination, (a) the amount of the
“fair value” of the assets of such Person will, as of such date, exceed the amount of all “liabilities of such Person, contingent or otherwise,” as of such date, as such quoted terms are determined in accordance with applicable
federal and state laws governing determinations of the insolvency of debtors, (b) the “present fair saleable value” of the assets of such Person will, as of such date, be greater than the amount that will be required to pay the liability
of such Person on its debts as such debts become absolute and matured, as such quoted terms are determined in accordance with applicable federal and state laws governing determinations of the insolvency of debtors, (c) such Person will not
have, as of such date, an unreasonably small amount of capital with which to conduct its business, and (d) such Person will be able to pay its debts generally as they mature. 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. 

  
 27 

 “Specified Swap Agreement”: any Swap Agreement entered into by a
Loan Party (or in the sole discretion of the Administrative Agent, any other Group Member) and any Qualified Counterparty (or any Person who was a Qualified Counterparty as of the Closing Date or as of the date such Swap Agreement was entered into)
to the extent permitted under Section 7.13. 
 “Subordinated Debt Document”: any
agreement, certificate, document or instrument executed or delivered by any Group Member and evidencing Indebtedness of such Group Member which is subordinated to the payment of the Obligations or the Liens securing such Indebtedness is subordinated
to the Administrative Agent’s Lien, in each case, in a manner approved in writing by the Administrative Agent, and any renewals, modifications, or amendments thereof which are approved in writing by the Administrative Agent. 

“Subordinated Indebtedness”: Indebtedness of a Loan Party subordinated to the Obligations pursuant to subordination
terms (including payment, lien and remedies subordination terms, as applicable) reasonably acceptable to the Administrative Agent. 

“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 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. Unless otherwise qualified, all
references to a “Subsidiary” or to “Subsidiaries” in this Agreement shall refer to a Subsidiary or Subsidiaries of Holdings. 

“Surety Indebtedness”: as of any date of determination, indebtedness (contingent or otherwise) owing to sureties
arising from surety bonds issued on behalf of any Loan Party or its respective Subsidiaries as support for, among other things, their contracts with customers, whether such indebtedness is owing directly or indirectly by such Loan Party or any such
Subsidiary. 
 “SVB”: as defined in the preamble hereto. 

“Swap Agreement”: any agreement with respect to any swap, hedge, forward, future or derivative transaction or option
or similar agreement (including without limitation, any Interest Rate Agreement) involving, or settled by reference to, one or more rates, currencies, commodities, equity or debt instruments or securities, or economic, financial or pricing indices
or measures of economic, financial or pricing risk or value or any similar transaction or any combination of these transactions; provided that the following shall not constitute “Swap Agreements”: (a) any phantom stock or similar
plan providing for payments only on account of services provided by current or former directors, officers, employees or consultants of the Borrower and its Subsidiaries, (b) any stock option or warrant agreement for the purchase of Capital
Stock of the Borrower, (c) the purchase of Capital Stock or Indebtedness (including securities convertible into Capital Stock) of the Borrower pursuant to delayed delivery contracts, accelerated stock repurchase agreements, forward contracts or
other similar agreements and (d) any of the items specified in the foregoing clauses (a) through (c), to the extent the same constitutes a derivative embedded in a convertible security issued by the Borrower. 

“Swap Obligation”: with respect to any Guarantor, any obligation of such Guarantor 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. 

  
 28 

 “Swap Termination Value”: in respect of any one or more Swap
Agreements, after taking into account the effect of any legally enforceable netting agreement relating to such Swap Agreements, (a) for any date on or after the date any such Swap Agreement has been closed out and termination value determined
in accordance therewith, such termination value, and (b) for any date prior to the date referenced in clause (a), the amount determined as the mark-to-market value
for such Swap Agreement, as determined based upon one or more mid- market or other readily available quotations provided by any recognized dealer in such Swap Agreements (which may include a Qualified
Counterparty). 
 “Swingline Commitment”: the obligation of the Swingline Lender to make Swingline Loans pursuant to
Section 2.6 in an aggregate principal amount at any one time outstanding not to exceed $10,000,000. 

“Swingline Lender”: SVB, in its capacity as the lender of Swingline Loans or such other Lender as the Borrower may
from time to time select as the Swingline Lender hereunder pursuant to Section 2.7(f); provided that such Lender has agreed to be a Swingline Lender. 

“Swingline Loan Note”: a promissory note in the form of Exhibit H-2, as
it may be amended, supplemented or otherwise modified from time to time. 
 “Swingline Loans”: as defined in
Section 2.6. 
 “Swingline Participation Amount”: as defined in
Section 2.7(c). 
 “Synthetic Lease Obligation”: the monetary obligation of a Person under
(a) a so-called synthetic, off-balance sheet or tax retention lease or (b) an agreement for the use of property creating obligations that do not appear on the
balance sheet of such Person but which, upon the insolvency or bankruptcy of such Person, would be characterized as the indebtedness of such Person (without regard to accounting treatment). 

“Taxes”: all present or future taxes, levies, imposts, duties, deductions, withholdings (including backup
withholding), assessments, fees or other charges imposed by any Governmental Authority, including any interest, additions to tax or penalties applicable thereto. 

“Total Credit Exposure”: as to any Lender at any time, the unused Commitments and Revolving Extensions of Credit of
such Lender at such time. 
 “Total L/C Commitments”: at any time, the sum of all L/C Commitments at such time, as
the same may be reduced from time to time pursuant to Section 2.10 or 3.5(b). The initial amount of the Total L/C Commitments on the Closing Date is $10,000,000. 

“Total Revolving Commitments”: at any time, the aggregate amount of the Revolving Commitments then in effect. 

“Total Revolving Extensions of Credit”: at any time, the aggregate amount of the Revolving Extensions of Credit
outstanding at such time. 
 “Trade Date”: as defined in Section 10.6(b)(i)(B). 

“Transferee”: any Eligible Assignee or Participant. 

“Type”: as to any Loan, its nature as an ABR Loan or a Eurodollar Loan. 

  
 29 

 “Unfriendly Acquisition”: any acquisition that has not, at the time
of the first public announcement of an offer relating thereto, been approved by the board of directors (or other legally recognized governing body) of the Person to be acquired; except that with respect to any acquisition of a non-U.S. Person, an otherwise friendly acquisition shall not be deemed to be unfriendly if it is not customary in such jurisdiction to obtain such approval prior to the first public announcement of an offer relating
to a friendly acquisition. 
 “Uniform Commercial Code” or “UCC”: the Uniform Commercial
Code (or any similar or equivalent legislation) as in effect from time to time in the State of New York, or as the context may require, any other applicable jurisdiction. 

“United States” and “U.S.”: the United States of America. 

“U.S. Person”: any Person that is a “United States Person” as defined in Section 7701(a)(30) of the
Code. 
 “Withholding Agent”: as applicable, any of any applicable Loan Party and the Administrative Agent, as the
context may require. 
 “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. 

(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, and in any certificate or other document made or delivered pursuant hereto or thereto, (i) accounting terms relating to any Group Member not defined in Section 1.1 and accounting terms partly defined in
Section 1.1, to the extent not defined, shall have the respective meanings given to them under GAAP, (ii) the words “include,” “includes” and “including” shall be deemed to be followed by
the phrase “without limitation,” (iii) the word “incur” shall be construed to mean incur, create, issue, assume, become liable in respect of or suffer to exist (and the words “incurred” and “incurrence” shall
have correlative meanings), (iv) 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, Capital Stock,
securities, revenues, accounts, leasehold interests and contract rights, (v) references to a given time of day shall, unless otherwise specified, be deemed to refer to Pacific time, and (vi) references to agreements (including this
Agreement) or other Contractual Obligations shall, unless otherwise specified, be deemed to refer to such agreements or Contractual Obligations as amended, supplemented, restated, amended and restated or otherwise modified from time to time. 

(c) The words “hereof,” “herein” and “hereunder” and words of similar
import, when used in this Agreement, shall refer to this Agreement as a whole and not to any particular provision of this Agreement, unless otherwise specified. The word “will” shall be construed to have the same meaning and effect as the
word “shall.” Unless the context requires otherwise, (i) any reference herein to any Person shall be construed to include such Person’s successors and assigns, (ii) unless otherwise specified, all references herein to
Articles, Sections, Exhibits and Schedules shall be construed to refer to Articles and Sections of, and Exhibits and Schedules to, this Agreement, and (iii) any reference to any law or regulation herein shall, unless otherwise specified, refer
to such law or regulation as amended, modified or supplemented from time to time. 

  
 30 

 (d) The meanings given to terms defined herein shall be equally applicable to both the
singular and plural forms of such terms. Whenever the context may require, any pronoun shall include the corresponding masculine, feminine and neuter forms. 

(e) Any reference in any Loan Document 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. Any Division of a limited liability company shall constitute a separate Person under the
Loan Documents (and each Division of any limited liability company that is a Subsidiary, joint venture or any other like term shall also constitute such a Person or entity) on the first date of its existence. In connection with any Division, if any
asset, right, obligation or liability of any Person becomes the asset, right, obligation or liability of a different Person, then such asset shall be deemed to have been transferred from the original Person to the subsequent Person. 

1.3 Rounding. Any financial ratios required to be maintained by the Borrower pursuant to 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). 
 SECTION 2 

AMOUNT AND TERMS OF COMMITMENTS 

2.1 [Reserved]. 
 2.2
[Reserved]. 
 2.3 [Reserved]. 

2.4 Revolving Commitments. Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving
credit loans (each, a “Revolving Loan” and, collectively, the “Revolving Loans”) to the Borrower from time to time during the Revolving Commitment Period in an aggregate principal amount at any one
time outstanding which, when added to the aggregate outstanding amount of the Swingline Loans, the aggregate undrawn amount of all outstanding Letters of Credit, and the aggregate amount of all L/C Disbursements that have not yet been reimbursed or
converted into Revolving Loans, incurred on behalf of the Borrower and owing to such Lender, does not exceed the amount of such Lender’s Revolving Commitment. In addition, such aggregate obligations shall not at any time exceed the
lesser of (i) the Total Revolving Commitments in effect at such time, and (ii) the Borrowing Base in effect at such time. During the Revolving Commitment Period the Borrower may use the Revolving Commitments by borrowing, prepaying
the Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. The Revolving Loans may from time to time be Eurodollar Loans or ABR Loans, as determined by the Borrower and notified to the
Administrative Agent in accordance with Sections 2.5 and 2.13. 

  
 31 

 (b) The Borrower shall repay all outstanding Revolving Loans (including all Overadvances and
Protective Overadvances) on the Revolving Termination Date. 
 2.5 Procedure for Revolving Loan Borrowing. The Borrower may borrow
under the Revolving Commitments during the Revolving Commitment Period on any Business Day; provided that the Borrower shall give the Administrative Agent an irrevocable Notice of Borrowing (which must be received by the Administrative
Agent prior to 10:00 A.M. (a) three (3) Business Days prior to the requested Borrowing Date, in the case of Eurodollar Loans, or (b) one (1) Business Day prior to the requested Borrowing Date, in the case of ABR Loans (in each case, with
originals to follow within three (3) Business Days)) (provided that any such Notice of Borrowing of ABR Loans under the Revolving Facility to finance payments under Section 3.5(a) may be given not later than 10:00
A.M. on the date of the proposed borrowing), in each such case specifying (i) the amount and Type of Revolving Loans to be borrowed, (ii) the requested Borrowing Date, (iii) in the case of Eurodollar Loans, the respective amounts of
each such Type of Loan and the respective lengths of the initial Interest Period therefor, and (iv) instructions for remittance of the proceeds of the applicable Loans to be borrowed. Unless otherwise agreed by the Administrative Agent in its
sole discretion, no Revolving Loan may be made as, converted into or continued as a Eurodollar Loan having an Interest Period in excess of one (1) month prior to the date that is thirty (30) days after the Closing Date. Each borrowing
under the Revolving Commitments shall be in an amount equal to in the case of ABR Loans, $1,000,000 or a whole multiple of $100,000 in excess thereof (or, if the then aggregate Available Revolving Commitments are less than $1,000,000, such lesser
amount); provided that the Swingline Lender may request, on behalf of the Borrower, borrowings under the Revolving Commitments that are ABR Loans in other amounts pursuant to Section 2.7. Upon receipt of any such
Notice of Borrowing from the Borrower, the Administrative Agent shall promptly notify each Revolving Lender thereof. Each Revolving Lender will make the amount of its pro rata share of each such borrowing available to the Administrative Agent
for the account of the Borrower at the Revolving Loan Funding Office prior to 12:00 P.M. on the Borrowing Date requested by the Borrower in funds immediately available to the Administrative Agent. Such borrowing will then be made available to the
Borrower by the Administrative Agent crediting such account as is designated in writing to the Administrative Agent by the Borrower with the aggregate of the amounts made available to the Administrative Agent by the Revolving Lenders and in like
funds as received by the Administrative Agent or, if so specified in the Flow of Funds Agreement, the Administrative Agent shall wire transfer or otherwise credit all or a portion of such aggregate amounts to SVB (for application against amounts
then outstanding under the Existing Credit Facility), in accordance with the wire instructions specified for such purpose in the Flow of Funds Agreement. 

2.6 Swingline Commitment. Subject to the terms and conditions hereof, the Swingline Lender agrees to make available a portion of
the credit accommodations otherwise available to the Borrower under the Revolving Commitments from time to time during the Revolving Commitment Period by making swing line loans (each a “Swingline Loan” and, collectively, the
“Swingline Loans”) to the Borrower; provided that (a) the aggregate principal amount of Swingline Loans outstanding at any time shall not exceed the Swingline Commitment then in effect, (b) the Borrower shall
not request, and the Swingline Lender shall not make, any Swingline Loan if, after giving effect to the making of such Swingline Loan, the aggregate amount of the Available Revolving Commitments would be less than zero, and (c) the Borrower
shall not use the proceeds of any Swingline Loan to refinance any then outstanding Swingline Loan. During the Revolving Commitment Period, the Borrower may use the Swingline Commitment by borrowing, repaying and reborrowing, all in accordance with
the terms and conditions hereof. Swingline Loans shall be ABR Loans only. The Borrower shall repay to the Swingline Lender the then unpaid principal amount of each Swingline Loan on the Revolving Termination Date. The Swingline Lender shall not make
a Swingline Loan during the period commencing at the time it has received notice (by telephone or in writing) from the Administrative Agent at the request of any Lender, acting in good faith, that one or more of the applicable conditions specified
in Section 5.2 (other than Section 5.2(d)) is not then satisfied and has had a reasonable opportunity to react to such notice and ending when such conditions are satisfied or duly waived. 

  
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 2.7 Procedure for Swingline Borrowing; Refunding of Swingline Loans. 

(a) Whenever the Borrower desires that the Swingline Lender make Swingline Loans the Borrower shall give the Swingline Lender irrevocable
telephonic notice (which telephonic notice must be received by the Swingline Lender not later than 12:00 P.M. on the proposed Borrowing Date) confirmed promptly in writing by a Notice of Borrowing, specifying (i) the amount to be borrowed, (ii)
the requested Borrowing Date (which shall be a Business Day during the Revolving Commitment Period), and (iii) instructions for the remittance of the proceeds of such Loan. Each borrowing under the Swingline Commitment shall be in an amount
equal to $500,000 or a whole multiple of $100,000 in excess thereof. Promptly thereafter, on the Borrowing Date specified in a notice in respect of Swingline Loans, the Swingline Lender shall make available to the Borrower an amount in immediately
available funds equal to the amount of the Swingline Loan to be made by depositing such amount in the account designated in writing to the Administrative Agent by the Borrower. Unless a Swingline Loan is sooner refinanced by the advance of a
Revolving Loan pursuant to Section 2.7(b), such Swingline Loan shall be repaid by the Borrower no later than five (5) Business Days after the advance of such Swingline Loan. 

(b) The Swingline Lender, at any time and from time to time in its sole and absolute discretion may, on behalf of the Borrower (which hereby
irrevocably directs the Swingline Lender to act on its behalf), on one (1) Business Day’s telephonic notice given by the Swingline Lender no later than 12:00 P.M. and promptly confirmed in writing, request each Revolving Lender to make,
and each Revolving Lender hereby agrees to make, a Revolving Loan, in an amount equal to such Revolving Lender’s Revolving Percentage of the aggregate amount of such Swingline Loan (each a “Refunded Swingline
Loan”) outstanding on the date of such notice, to repay the Swingline Lender. Each Revolving Lender shall make the amount of such Revolving Loan available to the Administrative Agent at the Revolving Loan Funding Office in
immediately available funds, not later than 10:00 A.M. one (1) Business Day after the date of such notice. The proceeds of such Revolving Loan shall immediately be made available by the Administrative Agent to the Swingline Lender for
application by the Swingline Lender to the repayment of the Refunded Swingline Loan. The Borrower irrevocably authorizes the Swingline Lender to charge the Borrower’s accounts with the Administrative Agent (up to the amount available in each
such account) immediately to pay the amount of any Refunded Swingline Loan to the extent amounts received from the Revolving Lenders are not sufficient to repay in full such Refunded Swingline Loan. 

(c) If prior to the time that the Borrower has repaid the Swingline Loans pursuant to Section 2.7(a) or a Revolving
Loan has been made pursuant to Section 2.7(b), one of the events described in Section 8.1(f) shall have occurred or if for any other reason, as determined by the Swingline Lender in its sole
discretion, Revolving Loans may not be made as contemplated by Section 2.7(b), each Revolving Lender shall, on the date such Revolving Loan was to have been made pursuant to the notice referred to in
Section 2.7(b) or on the date requested by the Swingline Lender (with at least one (1) Business Days’ notice to the Revolving Lenders), purchase for cash an undivided participating interest in the then outstanding
Swingline Loans by paying to the Swingline Lender an amount (the “Swingline Participation Amount”) equal to (i) such Revolving Lender’s Revolving Percentage times
(ii) the sum of the aggregate principal amount of the outstanding Swingline Loans that were to have been repaid with such Revolving Loans. 

  
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 (d) Whenever, at any time after the Swingline Lender has received from any Revolving Lender
such Lender’s Swingline Participation Amount, the Swingline Lender receives any payment on account of the Swingline Loans, the Swingline Lender will distribute to such Lender its Swingline Participation Amount (appropriately adjusted, in the
case of interest payments, to reflect the period of time during which such Lender’s participating interest was outstanding and funded and, in the case of principal and interest payments, to reflect such Lender’s pro rata portion of such
payment if such payment is not sufficient to pay the principal of and interest on all Swingline Loans then due); provided that in the event that such payment received by the Swingline Lender is required to be returned, such Revolving Lender
will return to the Swingline Lender any portion thereof previously distributed to it by the Swingline Lender. 
 (e) Each Revolving
Lender’s obligation to make the Loans referred to in Section 2.7(b) and to purchase participating interests pursuant to Section 2.7(c) shall be absolute and unconditional and shall not be
affected by any circumstance, including (i) any setoff, counterclaim, recoupment, defense or other right that such Revolving Lender or the Borrower may have against the Swingline Lender, the Borrower or any other Person for any reason
whatsoever, (ii) the occurrence of a Default or an Event of Default or the failure to satisfy any of the other conditions specified in Section 5, (iii) any adverse change in the condition (financial or otherwise) of
the Borrower, (iv) any breach of this Agreement or any other Loan Document by the Borrower, any other Loan Party or any other Revolving Lender, or (v) any other circumstance, happening or event whatsoever, whether or not similar to any of
the foregoing. 
 (f) The Swingline Lender may resign at any time by giving thirty (30) days’ prior notice to the Administrative
Agent, the Lenders and the Borrower. Following such notice of resignation from the Swingline Lender, the Swingline Lender may be replaced at any time by written agreement among the Borrower, the Administrative Agent, the Required Lenders and the
successor Swingline Lender. After the resignation or replacement of the Swingline Lender hereunder, the retiring Swingline Lender shall remain a party hereto and shall continue to have all the rights and obligations of the Swingline Lender under
this Agreement and the other Loan Documents with respect to Swingline Loans made by it prior to such resignation or replacement, but shall not be required or permitted to make any additional Swingline Loans. 

2.8 Overadvances; Protective Overadvances. 

(a) If at any time or for any reason the aggregate amount of the Total Revolving Extensions of Credit exceeds the lesser of (x) the amount
of the Total Revolving Commitments then in effect, and (y) the amount of the Borrowing Base then in effect (any such excess, an “Overadvance”), the Borrower shall, if the amount of such Overadvance is (a) equal or
greater than $500,000, immediately pay the full amount of such Overadvance to the Administrative Agent, without notice or demand, or (b) less than $500,000, within one (1) Business Day after the receipt of a request by the Administrative
Agent therefor, pay the full amount of such Overadvance to the Administrative Agent, in each case, for application against the Revolving Extensions of Credit in accordance with the terms hereof. Any prepayment of any Revolving Loan that is a
Eurodollar Loan hereunder shall be subject to Borrower’s obligation to pay any amounts owing pursuant to Section 2.21. 

(b) Upon the occurrence and during the continuance of an Event of Default, the Administrative Agent, in its sole discretion, may make Revolving
Loans to the Borrower on behalf of the Lenders, so long as the aggregate amount of such Revolving Loans shall not exceed the lesser of (y) 10% of the Borrowing Base (if then applicable) and (z) 10% of the Commitments, if the Administrative Agent, in
its reasonable credit judgment, deems that such Revolving Loans are necessary or desirable (i) to protect all or any portion of the Collateral, (ii) to enhance the likelihood or maximize the amount of repayment of the Loans and the other
Obligations or (iii) to pay any other amount chargeable to the Borrower pursuant to this Agreement (such Revolving Loans, “Protective Overadvances”); provided that (A) in no event shall the Total Revolving
Extensions of Credit exceed the amount of the Total Revolving 

  
 34 

 
Commitments then in effect and (B) the Borrower shall repay each Protective Overadvance on the date which the earlier of (y) the thirtieth (30th) day after the date of incurrence of such Protective Overadvance and (z) the date the Required Lenders provide written notice to the Administrative Agent and the Borrower requiring the Borrower
to repay such Protective Overadvance. Each applicable Lender shall be obligated to advance to the Borrower its Revolving Percentage of each Protective Overadvance made in accordance with this Section 2.8(b). If Protective
Overadvances are made in accordance with the preceding sentence, then all Revolving Lenders shall be bound to make, or permit to remain outstanding, such Protective Overadvances based upon their Revolving Percentages in accordance with the terms of
this Agreement. All Protective Overadvances shall be secured by the Collateral and shall bear interest as provided in this Agreement for Revolving Loans generally. 

2.9 Fees. 
 (a) Fee
Letter. The Borrower agrees to pay to the Administrative Agent the fees in the amounts and on the dates as set forth in the Fee Letter and to perform any other obligations contained therein. 

(b) Commitment Fee. As additional compensation for the Revolving Commitments, the Borrower shall pay to the Administrative Agent for the
account of the Lenders, in arrears, on the first day of each calendar quarter of the Borrower prior to the Revolving Termination Date and on the Revolving Termination Date, a fee for the Borrower’s
non-use of available funds in an amount equal to the Commitment Fee Rate per annum multiplied by the difference between (x) the Total Revolving Commitments (as they may be reduced or increased from
time to time) and (y) the sum of (A) the average for the period of the daily closing balance of the Revolving Loans outstanding, (B) the aggregate undrawn amount of all Letters of Credit outstanding at such time and (C) the
aggregate amount of all L/C Disbursements that have not yet been reimbursed or converted into Revolving Loans at such time. 
 (c) Fees
Nonrefundable. All fees payable under this Section 2.9 shall be fully earned on the date paid and nonrefundable. 

(d) Increase in Fees. At any time that an Event of Default exists, upon the request of the Required Lenders, the amount of any of the
foregoing fees due under subsection (b) shall be increased by adding 2.0% per annum thereto. 
 2.10 Termination or Reduction of
Revolving Commitments. 
 The Borrower shall have the right, without penalty or premium, upon not less than three (3) Business Days’
notice to the Administrative Agent, to terminate the Revolving Commitments or, from time to time, to reduce the amount of the Revolving Commitments; provided that no such termination or reduction of the Revolving Commitments shall be
permitted if, after giving effect thereto and to any prepayments of the Revolving Loans and Swingline Loans made on the effective date thereof (which prepayments may be made without penalty or premium other than any amounts owing (if any) pursuant
to Section 2.21), the Total Revolving Extensions of Credit then outstanding would exceed the lesser of (A) the Total Revolving Commitments then in effect, and (B) the Borrowing Base then in effect; provided
that if such notice indicates that such termination or reduction is conditioned on the occurrence of a transaction it may be revoked if such transaction is not consummated. Any such reduction shall be in an amount equal to $1,000,000, or a whole
multiple thereof (or, if the then Total Revolving Commitments are less than $1,000,000, such lesser amount), and shall reduce permanently the Revolving Commitments then in effect; provided further, if in connection with any such
reduction or termination of the Revolving Commitments a Eurodollar Loan is prepaid on any day other than the last day of the Interest Period applicable thereto, the Borrower shall also pay any amounts owing (if any) pursuant to
Section 2.21. The 

  
 35 

 
Borrower shall have the right, without penalty or premium, upon not less than three (3) Business Days’ notice to the Administrative Agent, to terminate the L/C Commitments or, from time
to time, to reduce the amount of the L/C Commitments; provided that no such termination or reduction of L/C Commitments shall be permitted if, after giving effect thereto, the Total L/C Commitments shall be reduced to an amount that would
result in the aggregate L/C Exposure exceeding the Total L/C Commitments (as so reduced). Any such reduction shall be in an amount equal to $1,000,000, or a whole multiple thereof (or, if the then Total L/C Commitments are less than $1,000,000, such
lesser amount), and shall reduce permanently the L/C Commitments then in effect. The Borrower shall have the right, without penalty or premium other than any amounts owing (if any) pursuant to Section 2.21, at any time and
from time to time to prepay any Loan in whole or in part, upon not less than three (3) Business Days’ notice to the Administrative Agent; provided that if such notice indicates that such prepayment is conditioned on the occurrence
of a transaction it may be revoked if such transaction is not consummated. Upon receipt of any such notice, the Administrative Agent shall promptly notify each relevant Lender thereof. 

2.11 [Reserved]. 
 2.12
[Reserved]. 
 2.13 Conversion and Continuation Options. 

(a) The Borrower may elect from time to time to convert Eurodollar Loans to ABR Loans by giving the Administrative Agent prior irrevocable
notice in a Notice of Conversion/Continuation of such election no later than 10:00 A.M. on the Business Day preceding the proposed conversion date; provided that any such conversion of Eurodollar Loans may only be made on the last day of an
Interest Period with respect thereto. The Borrower may elect from time to time to convert ABR Loans to Eurodollar Loans by giving the Administrative Agent prior irrevocable notice in a Notice of Conversion/Continuation of such election no later than
10:00 A.M. on the third Business Day preceding the proposed conversion date (which notice shall specify the length of the initial Interest Period therefor); provided that no ABR Loan may be converted into a Eurodollar Loan when any Event of
Default has occurred and is continuing. Upon receipt of any such notice, the Administrative Agent shall promptly notify each relevant Lender thereof. 

(b) Any Eurodollar Loan may be continued as such upon the expiration of the then current Interest Period with respect thereto by the Borrower
giving irrevocable notice in a Notice of Conversion/Continuation to the Administrative Agent, in accordance with the applicable provisions of the term “Interest Period” set forth in Section 1.1, of the length of
the next Interest Period to be applicable to such Loans; provided that no Eurodollar Loan may be continued as such when any Event of Default has occurred and is continuing; provided further that if the Borrower shall fail to
give any required notice as described above in this paragraph or if such continuation is not permitted pursuant to the preceding proviso, such Loans shall be automatically converted to ABR Loans on the last day of such then expiring Interest Period.
Upon receipt of any such notice the Administrative Agent shall promptly notify each relevant Lender thereof. 
 2.14 Limitations on
Eurodollar Tranches. Notwithstanding anything to the contrary in this Agreement, all borrowings, conversions and continuations of Eurodollar Loans and all selections of Interest Periods shall be in such amounts and be made pursuant to such elections
so that, (a) after giving effect thereto, the aggregate principal amount of the Eurodollar Loans comprising each Eurodollar Tranche shall be equal to $1,000,000 or a whole multiple of $100,000 in excess thereof, and (b) no more than seven
(7) Eurodollar Tranches shall be outstanding at any one time. 

  
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 2.15 Interest Rates and Payment Dates. 

(a) Each Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to
(i) the Eurodollar Rate determined for such day plus (ii) the Applicable Margin. 
 (b) Each ABR Loan (including any
Swingline Loan) shall bear interest at a rate per annum equal to (i) the ABR plus (ii) the Applicable Margin. 
 (c) During
the continuance of an Event of Default, at the request of the Required Lenders, all outstanding Loans shall bear interest at a rate per annum equal to the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this
Section plus 2% and all Letters of Credit Fees shall accrue at a rate per annum equal to the rate that would otherwise be applicable thereto plus 2% (collectively, the “Default Rate”); provided that the Default Rate
shall apply to all outstanding Loans and Letter of Credit Fees automatically and without any Required Lender consent therefor upon the occurrence and during the continuance of any Event of Default arising under Section 8.1(a) or
(f). 
 (d) Interest shall be payable in arrears on each Interest Payment Date; provided that interest accruing pursuant to
Section 2.15(c) shall be payable from time to time on demand. 
 2.16 Computation of Interest and Fees. 

(a) Interest and fees payable pursuant hereto shall be calculated on the basis of a 360-day year for
the actual days elapsed, except that, with respect to ABR Loans the rate of interest on which is calculated on the basis of the Prime Rate (or, as applicable, on the basis of the Eurodollar Rate), the interest thereon shall be calculated on the
basis of a 365- (or 366-, as the case may be) day year for the actual days elapsed. The Administrative Agent shall as soon as practicable notify the Borrower and the
relevant Lenders of each determination of a Eurodollar Rate (and, as applicable, of the determination of the Eurodollar Rate applicable to an ABR Loan). Any change in the interest rate on a Loan resulting from a change in the ABR or the Eurocurrency
Reserve Requirements shall become effective as of the opening of business on the day on which such change becomes effective. The Administrative Agent shall as soon as practicable notify the Borrower and the relevant Lenders of the effective date and
the amount of each such change in interest rate. 
 (b) Each determination of an interest rate by the Administrative Agent pursuant to any
provision of this Agreement shall be conclusive and binding on the Borrower and the Lenders in the absence of manifest error. The Administrative Agent shall, at the request of the Borrower, deliver to the Borrower a statement showing the quotations
used by the Administrative Agent in determining any interest rate pursuant to Section 2.16(a). 
 2.17 Inability
to Determine Interest Rate. If prior to the first day of any Interest Period, or as applicable, on any day on which an ABR Loan bearing interest determined by reference to the Eurodollar Rate is outstanding, the Administrative Agent or
the Required Lenders shall have determined (which determination shall be conclusive and binding upon the Borrower) in connection with any request for a Eurodollar Loan, a request for an ABR Loan to bear interest with reference to the Eurodollar
Rate, or a conversion to or a continuation of either of the foregoing that, by reason of circumstances affecting the relevant market, (a) Dollar deposits are not being offered to banks in the London interbank market for the applicable amount
and Interest Period of such requested Loan or conversion or continuation, as applicable, (b) adequate and reasonable means do not exist for ascertaining the Eurodollar Rate for such Interest Period, or (c) the Eurodollar Rate determined or
to be determined for such Interest Period will not 

  
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adequately and fairly reflect the cost to such Lenders (as conclusively certified by such Lenders) of making or maintaining their affected Loans during such Interest Period, then, in any such
case (a), (b) or (c), the Administrative Agent shall promptly notify the Borrower and the relevant Lenders thereof as soon as practicable thereafter. Any such determination shall specify the basis for such determination and shall, in the absence of
manifest error, be conclusive and binding for all purposes. Thereafter, (w) any Eurodollar Loans under the relevant Facility requested to be made on the first day of such Interest Period shall be made as ABR Loans, (x) any such requested
ABR Loans which were to have utilized a Eurodollar Rate component in determining the ABR shall not utilize a Eurodollar Rate component in determining the ABR applicable to such requested ABR Loan, (y) any Loans under the relevant Facility that
were to have been converted on the first day of such Interest Period to Eurodollar Loans shall be continued as ABR Loans and (z) any outstanding Eurodollar Loans under the relevant Facility shall be converted, on the last day of the
then-current Interest Period, to ABR Loans. Until such notice has been withdrawn by the Administrative Agent, no further Eurodollar Loans under the relevant Facility shall be made or continued as such, nor shall the Borrower have the right to
convert Loans under the relevant Facility to Eurodollar Loans, and the utilization of the Eurodollar Rate component in determining the ABR shall be suspended. 

2.18 Pro Rata Treatment and Payments. 

(a) Each borrowing by the Borrower from the Lenders hereunder, each payment by the Borrower on account of any commitment fee and any reduction
of the Commitments shall be made pro rata according to the respective L/C Percentages or Revolving Percentages, as the case may be, of the relevant Lenders. 

(b) [Reserved] 
 (c) Each payment
(including each prepayment) by the Borrower on account of principal of and interest on the Revolving Loans shall be made pro rata according to the respective outstanding principal amounts of the Revolving Loans then held by the Revolving
Lenders. 
 (d) All payments (including prepayments) to be made by the Borrower hereunder, whether on account of principal, interest, fees or
otherwise, shall be made without condition or deduction for any counterclaim, defense, recoupment or setoff and shall be made prior to 10:00 A.M. on the due date thereof to the Administrative Agent, for the account of the Lenders, at the Funding
Office, in Dollars and in immediately available funds. The Administrative Agent shall distribute such payments to the Lenders promptly upon receipt in like funds as received. Any payment received by the Administrative Agent after 10:00 A.M. shall be
deemed received on the next succeeding Business Day and any applicable interest or fee shall continue to accrue. If any payment hereunder (other than payments on the Eurodollar Loans) becomes due and payable on a day other than a Business Day, such
payment shall be extended to the next succeeding Business Day. If any payment on a Eurodollar Loan becomes due and payable on a day other than a Business Day, the maturity thereof shall be extended to the next succeeding Business Day unless the
result of such extension would be to extend such payment into another calendar month, in which event such payment shall be made on the immediately preceding Business Day. In the case of any extension of any payment of principal pursuant to the
preceding two sentences, interest thereon shall be payable at the then applicable rate during such extension. 
 (e) Unless the
Administrative Agent shall have been notified in writing by any Lender prior to the proposed date of any borrowing that such Lender will not make the amount that would constitute its share of such borrowing available to the Administrative Agent, the
Administrative Agent may assume that such Lender has made such amount available to the Administrative Agent on such date in accordance with Section 2, and the Administrative Agent may, in reliance upon such assumption, make

  
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available to the Borrower a corresponding amount. If such amount is not in fact made available to the Administrative Agent by the required time on the Borrowing Date therefor, such Lender and the
Borrower severally agree to pay to the Administrative Agent forthwith, on written demand, such corresponding amount with interest thereon, for each day from and including the date on which such amount is made available to the Borrower but excluding
the date of payment to the Administrative Agent, at (i) in the case of a payment to be made by such Lender, a rate equal to the greater of (A) the Federal Funds Effective Rate and (B) a rate determined by the Administrative Agent in
accordance with banking industry rules on interbank compensation, and (ii) in the case of a payment to be made by the Borrower, the rate per annum applicable to ABR Loans under the relevant Facility. If the Borrower and such Lender shall pay
such interest to the Administrative Agent for the same or an overlapping period, the Administrative Agent shall promptly remit to the Borrower the amount of such interest paid by the Borrower for such period. If such Lender pays its share of the
applicable borrowing to the Administrative Agent, then the amount so paid shall constitute such Lender’s Loan included in such borrowing. Any payment by the Borrower shall be without prejudice to any claim the Borrower may have against a Lender
that shall have failed to make such payment to the Administrative Agent. 
 (f) Unless the Administrative Agent shall have received notice
from the Borrower prior to the date on which any payment is due to the Administrative Agent for the account of the Lenders or the Issuing Lender hereunder that the Borrower will not make such payment, the Administrative Agent may assume that the
Borrower has made such payment on such date in accordance herewith and may, in reliance upon such assumption, distribute to the Lenders or the Issuing Lender, as the case may be, the amount due. In such event, if the Borrower has not in fact made
such payment, then each of the Lenders or the Issuing Lender, as the case may be, severally agrees to repay to the Administrative Agent forthwith on demand the amount so distributed to such Lender or Issuing Lender, 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 Administrative Agent, at the greater of the Federal Funds Effective Rate and a rate determined by the Administrative Agent in accordance
with banking industry rules on interbank compensation. Nothing herein shall be deemed to limit the rights of Administrative Agent or any Lender against any Loan Party. 

(g) If any Lender makes available to the Administrative Agent funds for any Loan to be made by such Lender as provided in the foregoing
provisions of this Section 2, and such funds are not made available to the Borrower by the Administrative Agent because the conditions to the applicable extension of credit set forth in Section 5.1
or Section 5.2 are not satisfied or waived in accordance with the terms hereof, the Administrative Agent shall return such funds (in like funds as received from such Lender) to such Lender, without interest. 

(h) The obligations of the Lenders hereunder to (i) make Revolving Loans, (ii) fund its participations in L/C Disbursements in
accordance with its respective L/C Percentage, (iii) fund its respective Swingline Participation Amount of any Swingline Loan, and (iv) make payments pursuant to Section 9.7, as applicable, are several and not
joint. The failure of any Lender to make any such Loan, to fund any such participation or to make any such payment under Section 9.7 on any date required hereunder shall not relieve any other Lender of its corresponding
obligation to do so on such date, and no Lender shall be responsible for the failure of any other Lender to so make its Loan, to purchase its participation or to make its payment under Section 9.7. 

(i) Nothing herein shall be deemed to obligate any Lender to obtain the funds for any Loan in any particular place or manner or to constitute a
representation by any Lender that it has obtained or will obtain the funds for any Loan in any particular place or manner. 

  
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 (j) If at any time insufficient funds are received by and available to the Administrative
Agent to pay fully all amounts of principal, interest and fees then due hereunder, such funds shall be applied (i) first, toward payment of interest and fees, Overadvances and Protective Overadvances then due hereunder, ratably among the
parties entitled thereto in accordance with the amounts of interest and fees, Overadvances and Protective Overadvances then due to such parties, and (ii) second, toward payment of principal then due hereunder, ratably among the parties
entitled thereto in accordance with the amounts of principal then due to such parties. 
 (k) If any Lender shall obtain any payment (whether
voluntary, involuntary, through the exercise of any right of set-off, or otherwise) on account of the principal of or interest on any Loan made by it, its participation in the L/C Exposure or other obligations
hereunder, as applicable (other than pursuant to a provision hereof providing for non-pro rata treatment), in excess of its Revolving Percentage or L/C Percentage, as applicable, of such payment on account of
the Loans or participations obtained by all of the Lenders, such Lender shall (a) notify the Administrative Agent of the receipt of such payment, and (b) within five (5) Business Days of such receipt purchase (for cash at face value)
from the other Revolving Lenders or L/C Lenders, as applicable (through the Administrative Agent), without recourse, such participations in the Revolving Loans made by them and/or participations in the L/C Exposure held by them, as applicable, or
make such other adjustments as shall be equitable, as shall be necessary to cause such purchasing Lender to share the excess payment ratably with each of the other Lenders in accordance with their respective Revolving Percentages or L/C Percentages,
as applicable; provided, however, 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 clause (k) shall not be construed to apply to (x) any payment made by the Borrower pursuant to and in accordance with the express terms of this Agreement
(including the application of funds arising from the existence of a Defaulting Lender) or (y) any payment obtained by a Lender as consideration for the assignment or sale of a participation in any of its Loans or participations in L/C Disbursements
to any assignee or participant, other than to the Borrower or any of its Affiliates (as to which the provisions of this clause (k) shall apply). The Borrower agrees that any Lender so purchasing a participation from another Lender pursuant to
this Section 2.18(k) may exercise all its rights of payment (including the right of set-off) with respect to such participation as fully as if such Lender were the direct creditor of
the Borrower in the amount of such participation. No documentation other than notices and the like referred to in this Section 2.18(k) shall be required to implement the terms of this
Section 2.18(k). The Administrative Agent shall keep records (which shall be conclusive and binding in the absence of manifest error) of participations purchased pursuant to this Section 2.18(k)
and shall in each case notify the Revolving Lenders or the L/C Lenders, as applicable, following any such purchase. The provisions of this Section 2.18(k) shall not be construed to apply to (i) any payment made by or on
behalf of the Borrower pursuant to and in accordance with the express terms of this Agreement (including the application of funds arising from the existence of a Defaulting Lender), (ii) the application of Cash Collateral provided for in
Section 3.10, or (iii) any payment obtained by a Lender as consideration for the assignment of or sale of a participation in any of its Loans or sub-participations in any L/C
Exposure to any assignee or participant, other than an assignment to the Borrower or any Affiliate thereof (as to which the provisions of this Section 2.18(k) shall apply). The Borrower consents on behalf of itself and each other Loan
Party to the 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 each Loan Party rights of setoff and counterclaim
with respect to such participation as fully as if such Lender were a direct creditor of each Loan Party in the amount of such participation. For the avoidance of doubt, no amounts received by the Administrative Agent or any Lender from any Guarantor
that is not a Qualified ECP Guarantor shall be applied in partial or complete satisfaction of any Excluded Swap Obligations. 

  
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 (l) Notwithstanding anything to the contrary in this Agreement, the Administrative Agent
may, in its discretion at any time or from time to time, without the Borrower’s request and even if the conditions set forth in Section 5.2 would not be satisfied, make a Revolving Loan in an amount equal to the
portion of the Obligations constituting overdue interest and fees and Swingline Loans from time to time due and payable to itself, any Revolving Lender, the Swingline Lender or the Issuing Lender, and apply the proceeds of any such Revolving Loan to
those Obligations; provided that after giving effect to any such Revolving Loan, the aggregate outstanding Revolving Loans will not exceed the Total Revolving Commitments then in effect. 

2.19 Illegality; Requirements of Law. 

(a) Illegality. If any Lender determines that any Requirement of Law has made it unlawful, or that any Governmental Authority has
asserted that it is unlawful, for such Lender to make, maintain or fund Loans whose interest is determined by reference to the Eurodollar Rate, or to determine or charge interest rates based upon the Eurodollar Rate, or any Governmental Authority
has imposed material restrictions on the authority of such Lender to purchase or sell, or to take deposits of, Dollars in the London interbank market, then, on notice thereof by such Lender to the Borrower through the Administrative Agent,
(i) any obligation of such Lender to make or continue Eurodollar Loans or to convert ABR Loans to Eurodollar Loans shall be suspended, and (ii) if such notice asserts the illegality of such Lender making or maintaining ABR Loans the
interest rate on which is determined by reference to the Eurodollar Rate component of the ABR, the interest on such ABR Loans of such Lender shall, if necessary to avoid such illegality, be determined by the Administrative Agent without reference to
the Eurodollar Rate component of the ABR, in each case, until such Lender notifies the Administrative Agent and the Borrower that the circumstances giving rise to such determination no longer exist. Upon receipt of such notice, (x) the Borrower
shall, upon demand from such Lender (with a copy to the Administrative Agent), prepay or, if applicable, convert all Eurodollar Loans of such Lender to ABR Loans (the interest rate on which ABR Loans of such Lender shall, if necessary to avoid such
illegality, be determined by the Administrative Agent without reference to the Eurodollar Rate component of the ABR), 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, and (y) if such notice asserts the illegality of such Lender determining or charging interest based upon the Eurodollar Rate, the
Administrative Agent shall, during the period of such suspension compute the ABR applicable to such Lender without reference to the Eurodollar Rate component thereof until the Administrative Agent is advised in writing by such Lender that it is no
longer illegal for such Lender to determine or charge interest based upon the Eurodollar Rate. Upon any such prepayment or conversion, the Borrower shall also pay accrued interest on the amount so prepaid or converted. 

(b) Requirements of Law. If the adoption of or any change in any Requirement of Law or in the administration, interpretation,
implementation or application thereof by any Governmental Authority, or the making or issuance of any request, rule, guideline or directive (whether or not having the force of law) by any Governmental Authority made subsequent to the date hereof:

 (i) shall subject any Recipient to any Taxes (other than (A) Indemnified Taxes, (B) Taxes described in clauses (b) through
(d) of the definition of Excluded Taxes, and (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) shall impose, modify or deem applicable any reserve, special deposit, compulsory loan, insurance charge or similar requirement against
assets of, deposits with or for the account of or credit extended or participated in by, any Lender (except any reserve requirement reflected in the Eurodollar Rate); or 

  
 41 

 (iii) impose on any Lender or the London interbank market any other condition, cost or
expense (other than Taxes) affecting this Agreement or 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 such other Recipient of making, converting to, continuing or maintaining Loans determined with reference to the Eurodollar Rate or of maintaining its obligation to make such Loans, or
to increase the cost to such Lender or such other Recipient of issuing, maintaining or participating in Letters of Credit (or of maintaining its obligation to participate in or to issue any Letter of Credit), or to reduce the amount of any sum
receivable or received by such Lender or other Recipient hereunder in respect thereof (whether of principal, interest or any other amount), then, in any such case, upon the request of such Lender or other Recipient, the Borrower will promptly pay
such Lender or other Recipient, as the case may be, any additional amount or amounts necessary to compensate such Lender or other Recipient, as the case may be, for such additional costs incurred or reduction suffered. If any Lender becomes entitled
to claim any additional amounts pursuant to this paragraph, it shall promptly notify the Borrower (with a copy to the Administrative Agent) of the event by reason of which it has become so entitled. 

(c) If any Lender determines that any change in any Requirement of Law affecting such Lender or any lending office of such Lender or such
Lender’s holding company, if any, regarding capital or liquidity requirements, has or would have the effect of reducing the rate of return on such Lender’s capital or on the capital of such Lender’s holding company, if any, as a
consequence of this Agreement, the Commitments of such Lender or the Loans made by, or participations in Letters of Credit or Swingline Loans held by, such Lender, or the Letters of Credit issued by the Issuing Lender, to a level below that which
such Lender or such Lender’s holding company could have achieved but for such change in such Requirement of Law (taking into consideration such Lender’s policies and the policies of such Lender’s holding company with respect to
capital adequacy), then from time to time the Borrower will pay to such Lender or the Issuing Lender, as the case may be, such additional amount or amounts as will compensate such Lender or the Issuing Lender or such Lender’s or Issuing
Lender’s holding company for any such reduction suffered. 
 (d) For purposes of this Agreement, (i) the Dodd-Frank Wall Street
Reform and Consumer Protection Act and all requests, rules, guidelines, or directives 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, shall in each case (i) and (ii) be deemed to be a change in any
Requirement of Law, regardless of the date enacted, adopted or issued. 
 (e) A certificate as to any additional amounts payable pursuant to
paragraphs (b), (c), or (d) of this Section submitted by any Lender to the Borrower (with a copy to the Administrative Agent) shall be conclusive in the absence of manifest error. The Borrower shall pay such Lender the amount shown as due on
any such certificate within ten (10) days after receipt thereof. Failure or delay on the part of any Lender to demand compensation pursuant to this Section shall not constitute a waiver of such Lender’s right to demand such compensation.
Notwithstanding anything to the contrary in this Section 2.19, the Borrower shall not be required to compensate a Lender pursuant to this Section 2.19 for any amounts incurred more than nine
(9) months prior to the date that such Lender notifies the Borrower of the change in the Requirement of Law giving rise to such increased costs or reductions, and of such Lender’s intention to claim compensation therefor; provided
that if the circumstances giving rise to such claim have a retroactive effect, then such nine (9) month period shall be extended to include the period of such retroactive effect. The obligations of the Borrower arising pursuant to this
Section 2.19 shall survive the Discharge of Obligations and the resignation of the Administrative Agent. 

  
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 2.20 Taxes. 

For purposes of this Section 2.20, the term “Lender” includes the Issuing Lender and the term
“applicable law” includes FATCA. 
 (a) Payments Free of Taxes. Any and all payments by or on account of any obligation of
any Loan Party under any Loan Document shall be made without deduction or withholding for any Taxes, except as required by applicable law, and the Borrower shall, and shall cause each other Loan Party, to comply with the requirements set forth in
this Section 2.20. If any applicable law (as determined in the good faith discretion of an applicable Withholding Agent) requires the deduction or withholding of any Tax from any such payment by a Withholding Agent, then
the applicable Withholding Agent shall be entitled to make such deduction or withholding and shall timely pay the full amount deducted or withheld to the relevant Governmental Authority in accordance with applicable law and, if such Tax is an
Indemnified Tax, then the sum payable by the applicable Loan Party shall be increased as necessary so that after such deduction or withholding has been made (including such deductions and withholdings applicable to additional sums payable under this
Section 2.20) the applicable Recipient receives an amount equal to the sum it would have received had no such deduction or withholding been made. 

(b) Payment of Other Taxes. Each of Holdings and the Borrower shall, and each of Holdings and the Borrower shall cause each other Loan
Party to, timely pay to the relevant Governmental Authority in accordance with applicable law, or at the option of the Administrative Agent timely reimburse it for the payment of, any Other Taxes applicable to such Loan Party. 

(c) Evidence of Payments. As soon as practicable after any payment of Taxes by any Loan Party to a Governmental Authority pursuant to
this Section 2.20, the Borrower shall, or shall cause such other Loan Party to, deliver to the 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 Administrative Agent. 

(d) Indemnification by Loan Parties. The Borrower shall, and shall cause each other Loan Party to, jointly and severally indemnify each
Recipient, within ten (10) Business 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 2.20) payable or paid by such Recipient or required to be withheld or deducted from a payment to such Recipient 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 as to the amount of such payment or liability delivered to the Borrower by a Lender (with a copy to the Administrative Agent), or by the
Administrative Agent on its own behalf or on behalf of a Lender, shall be conclusive absent manifest error. 
 (e) Indemnification by
Lenders. Each Lender shall severally indemnify the Administrative Agent, within ten (10) Business Days after demand therefor, for (i) any Indemnified Taxes attributable to such Lender (but only to the extent that any Loan Party has not
already indemnified the Administrative Agent for such Indemnified Taxes and without limiting the obligation of the Loan Parties to do so), (ii) any Taxes attributable to such Lender’s failure to comply with the provisions of
Section 10.6 relating to the maintenance of a Participant Register and (iii) any Excluded Taxes attributable to such Lender, in each case, that are payable or paid by the Administrative Agent in connection with any
Loan Document, and any reasonable expenses arising therefrom or with respect thereto, 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 

  
 43 

 
Lender by the Administrative Agent shall be conclusive absent manifest error. Each Lender hereby authorizes the Administrative Agent to set off and apply any and all amounts at any time owing to
such Lender under any Loan Document or otherwise payable by the Administrative Agent to the Lender from any other source against any amount due to the Administrative Agent under this Section 2.20(e). 

(f) Status of Lenders. 

(i) Any Lender 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 Borrower and the Administrative Agent, at the time or times reasonably requested by the Borrower or the Administrative Agent, such properly completed and executed documentation reasonably requested by the Borrower or the
Administrative Agent as will permit such payments to be made without withholding or at a reduced rate of withholding. In addition, any Lender, if reasonably requested by the Borrower or the Administrative Agent, shall deliver such other
documentation prescribed by applicable law or reasonably requested by the Borrower or the Administrative Agent as will enable the Borrower or the Administrative Agent to determine whether or not such Lender 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 Sections
2.20(f)(ii)(A), (ii)(B) and (ii)(D) below) shall not be required if the Lender is not legally entitled to complete, execute or deliver such documentation or, in the Lender’s reasonable judgment, such completion, execution
or submission would subject such Lender to any material unreimbursed cost or expense or would materially prejudice the legal or commercial position of such Lender. 

(ii) Without limiting the generality of the foregoing, in the event that the Borrower is a U.S. Person, 

(A) any Lender that is a U.S. Person shall deliver to the Borrower and the Administrative Agent on or prior to the date on which such Lender
becomes a Lender under this Agreement (and from time to time thereafter upon the reasonable request of the Borrower or the Administrative Agent), executed copies of IRS Form W-9 certifying that such Lender is
exempt from U.S. federal backup withholding tax; 
 (B) any Foreign Lender shall, to the extent it is legally entitled to do so, deliver to
the Borrower and the 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 Borrower or the 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 originals of IRS Form W-8BEN or IRS
Form W-8BEN-E, as applicable (or any successor form) establishing an exemption from, or reduction of, U.S. 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, IRS Form W-8BEN or IRS Form
W-8BEN-E, as applicable (or any successor form) establishing an exemption from, or reduction of, U.S. federal withholding Tax pursuant to the “business
profits” or “other income” article of such tax treaty; 
 (2) executed copies of IRS Form
W-8ECI; 

  
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 (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 certificate substantially in the form of Exhibit F-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 the 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 “U.S. Tax Compliance Certificate”) and (y) executed copies of IRS Form W-8BEN or IRS Form
W-8BEN-E, as applicable (or any successor form); 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 IRS Form W-8BEN-E, as applicable (or any successor form), a U.S. Tax Compliance Certificate substantially in the form
of Exhibit F-2 or Exhibit F-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 U.S. Tax Compliance Certificate substantially in
the form of Exhibit F-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 Borrower and the 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 Borrower or the Administrative Agent), executed copies of any other form prescribed by applicable law as a basis for claiming exemption from or a reduction in
U.S. federal withholding Tax, duly completed, together with such supplementary documentation as may be prescribed by applicable law to permit the Borrower or the Administrative Agent to determine the withholding or deduction required to be made; and

 (D) if a payment made to a Lender under any Loan Document would be subject to U.S. federal withholding Tax imposed by FATCA if such
Lender were to fail to comply with the applicable reporting requirements of FATCA (including those contained in Section 1471(b) or 1472(b) of the Code, as applicable), such Lender shall deliver to the Borrower and the Administrative Agent at
the time or times prescribed by law and at such time or times reasonably requested by the Borrower or the Administrative Agent such documentation prescribed by applicable law (including as prescribed by Section 1471(b)(3)(C)(i) of the Code) and
such additional documentation reasonably requested by the Borrower or the Administrative Agent as may be necessary for the Borrower and the Administrative Agent to comply with their obligations under FATCA and to determine that such Lender has
complied with such Lender’s obligations under FATCA or to determine the amount to deduct and withhold from such payment. Solely for purposes of this clause (D), “FATCA” shall include any amendments made to FATCA after the date of this
Agreement. 
 (iii) Each Lender 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 Borrower and the Administrative Agent in writing of its legal inability to do so. Each Foreign Lender shall promptly notify the Borrower at any time it determines that
it is no longer in a position to provide any previously delivered certificate to the Borrower (or any other form of certification adopted by the U.S. taxing authorities for such purpose). 

(g) Treatment of Certain Refunds. If any party 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 pursuant to this Section 2.20 (including by the payment of additional amounts pursuant to this Section 2.20), it shall pay to the indemnifying party
an amount equal to such refund (but only to the extent of indemnity payments made under this Section with respect to the Taxes giving rise to such refund), net of all
out-of-pocket expenses (including Taxes) of such indemnified party and without interest (other than any interest paid by the relevant Governmental Authority with respect
to such refund). 

  
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Such indemnifying party, upon the request of such indemnified party, shall repay to such indemnified party the amount paid over pursuant to this Section 2.20(g) (plus
any penalties, interest or other charges imposed by the relevant Governmental Authority) in the event that such indemnified party is required to repay such refund to such Governmental Authority. Notwithstanding anything to the contrary in this
Section 2.20(g), in no event will the indemnified party be required to pay any amount to an indemnifying party pursuant to this Section 2.20(g) the payment of which would place the indemnified
party in a less favorable net after-Tax position than the indemnified party 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 paragraph shall not be construed to require any indemnified party to make available its Tax returns (or any other information relating
to its Taxes that it deems confidential) to the indemnifying party or any other Person. 
 (h) Survival. Each party’s obligations
under this Section 2.20 shall survive the resignation or replacement of the Administrative Agent or any assignment of rights by, or the replacement of, a Lender and the Discharge of Obligations. 

2.21 Indemnity. The Borrower agrees to indemnify each Lender for, and to hold each Lender harmless from, any loss or expense that
such Lender may sustain or incur as a consequence of (a) a default by the Borrower in making a borrowing of, conversion into or continuation of Eurodollar Loans after the Borrower has given a notice requesting the same in accordance with the
provisions of this Agreement, (b) a default by the Borrower in making any prepayment of or conversion from Eurodollar Loans after the Borrower has given a notice thereof in accordance with the provisions of this Agreement, or (c) for any
reason, the making of a prepayment of Eurodollar Loans on a day that is not the last day of an Interest Period with respect thereto. Such losses and expenses shall be equal to the excess, if any, of (i) the amount of interest that would have accrued
on the amount so prepaid, or not so borrowed, reduced, converted or continued, for the period from the date of such prepayment or of such failure to borrow, reduce, convert or continue to the last day of such Interest Period (or, in the case of a
failure to borrow, reduce, convert or continue, the Interest Period that would have commenced on the date of such failure) in each case at the applicable rate of interest or other return for such Loans provided for herein (excluding, however, the
Applicable Margin included therein, if any), over (ii) the amount of interest (as reasonably determined by such Lender) that would have accrued to such Lender on such amount by placing such amount on deposit for a comparable period with leading
banks in the interbank eurodollar market. A certificate as to any amounts payable pursuant to this Section submitted to the Borrower by any Lender shall be conclusive in the absence of manifest error. This covenant shall survive the Discharge of
Obligations. 
 2.22 Change of Lending Office. Each Lender agrees that, upon the occurrence of any event giving rise to the
operation of Section 2.19(b), Section 2.19(c), Section 2.20(a), Section 2.20(b) or Section 2.20(d) with respect to such
Lender, it will, if requested by the Borrower, use reasonable efforts (subject to overall policy considerations of such Lender) to designate a different lending office for funding or booking its Loans affected by such event or to assign its rights
and obligations hereunder to another of its offices, branches or affiliates, if, in the reasonable judgment of such Lender, such designation or assignment (i) would eliminate or reduce amounts payable pursuant to
Section 2.19 or 2.20, as the case may be, in the future, and (ii) would not subject such Lender to any unreimbursed cost or expense and would not otherwise be disadvantageous to such Lender; provided that
nothing in this Section shall affect or postpone any of the obligations of the Borrower or the rights of any Lender pursuant to Section 2.19(b), Section 2.19(c),
Section 2.20(a), Section 2.20(b) or Section 2.20(d). The Borrower hereby agrees to pay all reasonable and documented out-of-pocket costs and expenses incurred by any Lender in connection with any such designation or assignment made at the request of the Borrower. 

  
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 2.23 Substitution of Lenders. Upon the receipt by the Borrower of any of the
following (or in the case of clause (a) below, if the Borrower is required to pay any such amount), with respect to any Lender (any such Lender described in clauses (a) through (c) below being referred to as an
“Affected Lender” hereunder): 
 (a) a request from a Lender for payment of Indemnified Taxes or
additional amounts under Section 2.20 or of increased costs pursuant to Section 2.19(c) (and, in any such case, such Lender has declined or is unable to designate a different lending office in
accordance with Section 2.22 or is a Non-Consenting Lender); 
 (b) a
notice from the Administrative Agent under Section 10.1(b) that one or more Minority Lenders are unwilling to agree to an amendment or other modification approved by the Required Lenders and the Administrative Agent; or

 (c) notice from the Administrative Agent that a Lender is a Defaulting Lender; 

then the Borrower may, at its sole expense and effort, upon notice to such Lender and the Administrative Agent and such Affected Lender: (i) request that
one or more of the other Lenders acquire and assume all or part of such Affected Lender’s Loans and Commitment; or (ii) designate a replacement lending institution (which shall be an Eligible Assignee) to acquire and assume all or a
ratable part of such Affected Lender’s Loans and Commitment (the replacing Lender or lender in (i) or (ii) being a “Replacement Lender”); provided, however, that the Borrower shall be liable for the
payment upon demand of all costs and other amounts arising under Section 2.21 that result from the acquisition of any Affected Lender’s Loan and/or Commitment (or any portion thereof) by a Lender (other than a Lender
replaced pursuant to clause (c) above) or Replacement Lender, as the case may be, on a date other than the last day of the applicable Interest Period with respect to any Eurodollar Loans then outstanding. The Affected Lender replaced pursuant
to this Section 2.23 shall be required to assign and delegate, without recourse, all of its interests, rights and obligations under this Agreement and the related Loan Documents to one or more Replacement Lenders that so
agree to acquire and assume all or a ratable part of such Affected Lender’s Loans and Commitment upon payment to such Affected Lender of an amount (in the aggregate for all Replacement Lenders) equal to 100% of the outstanding principal of the
Affected Lender’s Loans, accrued interest thereon, accrued fees and all other amounts payable to it hereunder and under the other Loan Documents from such Replacement Lenders (to the extent of such outstanding principal and accrued interest and
fees) or the Borrower (in the case of all other amounts, including amounts under Section 2.21 hereof unless such Lender is being replaced pursuant to clause (c) above in which case amounts under
Section 2.21 shall not be required to be paid). Any such designation of a Replacement Lender shall be effected in accordance with, and subject to the terms and conditions of, the assignment provisions contained in
Section 10.6 (with the assignment fee to be paid by the Borrower in such instance), provided that, if such Affected Lender does not comply with Section 10.6 within ten (10) Business
Days after the Borrower’s request, the Administrative Agent is authorized to execute the Assignment and Acceptance on behalf of such Affected Lender. Notwithstanding the foregoing, with respect to any assignment pursuant to this
Section 2.23, (a) in the case of any such assignment resulting from a claim for compensation under Section 2.19 or payments required to be made pursuant to Section 2.20, such
assignment shall result in a reduction in such compensation or payments thereafter; (b) such assignment shall not conflict with applicable law and (c) in the case of any assignment resulting from a Lender being a Minority Lender referred
to in clause (b) of this Section 2.23, the applicable assignee shall have consented to the applicable amendment, waiver or consent. Notwithstanding the foregoing, an Affected Lender shall not be required to make any
such assignment or delegation if, prior thereto, as a result of a waiver by such Affected Lender or otherwise, the circumstances entitling the Borrower to require such assignment and delegation cease to apply. 

  
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 2.24 Defaulting Lenders. 

(a) Defaulting Lender Adjustments. Notwithstanding anything to the contrary contained in this Agreement, if any Lender becomes a
Defaulting Lender, then, until such time as such Lender is no longer a Defaulting Lender, to the extent permitted by applicable law: 
 (i)
Waivers and Amendments. Such Defaulting Lender’s right to approve or disapprove any amendment, waiver or consent with respect to this Agreement shall be restricted as set forth in Section 10.1 and in the
definition of Required Lenders. 
 (ii) Defaulting Lender Waterfall. Any payment of principal, interest, fees or other amounts
received by the Administrative Agent for the account of such Defaulting Lender (whether voluntary or mandatory, at maturity, pursuant to Section 8 or otherwise, and including any amounts made available to the Administrative
Agent by such Defaulting Lender pursuant to Section 10.7), shall be applied at such time or times as may be determined by the Administrative Agent as follows: first, to the payment of any amounts owing by such
Defaulting Lender to the Administrative Agent hereunder; second, to the payment on a pro rata basis of any amounts owing by such Defaulting Lender to the Issuing Lender or to the Swingline Lender hereunder; third, to be held as
Cash Collateral for the funding obligations of such Defaulting Lender of any participation in any Letter of Credit; fourth, as the Borrower may request (so long as no Default or Event of Default exists), to the funding of any Loan in respect
of which such Defaulting Lender has failed to fund its portion thereof as required by this Agreement, as determined by the Administrative Agent; fifth, if so determined by the Administrative Agent and the Borrower, to be held in a Deposit
Account and released pro rata to (x) satisfy such Defaulting Lender’s potential future funding obligations with respect to Loans under this Agreement, and (y) be held as Cash Collateral for the future funding obligations of such
Defaulting Lender of any participation in any future Letter of Credit; sixth, to the payment of any amounts owing to any L/C Lender, Issuing Lender or Swingline Lender as a result of any judgment of a court of competent jurisdiction obtained
by any L/C Lender, Issuing Lender or Swingline Lender against such Defaulting Lender as a result of such Defaulting Lender’s breach of its obligations under this Agreement; seventh, so long as no Default or Event of Default has occurred
and is continuing, to the payment of any amounts owing to the Borrower as a result of any judgment of a court of competent jurisdiction obtained by the Borrower against such Defaulting Lender as a result of such Defaulting Lender’s breach of
its obligations under this Agreement; and eighth, to such Defaulting Lender or as otherwise directed by a court of competent jurisdiction; provided that if (A) such payment is a payment of the principal amount of any Loans or L/C
Advances in respect of which such Defaulting Lender has not fully funded its appropriate share and (B) such Loans or L/C Advances were made at a time when the conditions set forth in Section 5.2 were satisfied or
waived, such payment shall be applied solely to pay the Loans of, and L/C Advances owed to, all Non-Defaulting Lenders on a pro rata basis prior to being applied to the payment of any Loans of, or L/C
Advances owed to, such Defaulting Lender until such time as all Loans and funded and unfunded participations in L/C Advances and Swingline Loans are held by the Lenders pro rata in accordance with the Commitments under the applicable Facility
without giving effect to Section 2.24(a)(iv). Any payments, prepayments or other amounts paid or payable to a Defaulting Lender that are applied (or held) to pay amounts owed by a Defaulting Lender or to post Cash
Collateral pursuant to this Section 2.24(a)(ii) shall be deemed paid to and redirected by such Defaulting Lender, and each Lender irrevocably consents hereto. 

(iii) Certain Fees. 
 (A)
No Defaulting Lender shall be entitled to receive any fee pursuant to Section 2.9(b) for any period during which such Lender is a Defaulting Lender (and the Borrower shall not be required to pay any such fee that otherwise
would have been required to have been paid to such Defaulting Lender). 

  
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 (B) Each Defaulting Lender shall be limited in its right to receive Letter of Credit Fees
as provided in Section 3.3(d). 
 (C) With respect to any Letter of Credit Fee not required to be paid to any
Defaulting Lender pursuant to clause (A) or (B) above, the Borrower shall (x) pay to each Non-Defaulting Lender that portion of any such fee otherwise payable to such Defaulting Lender with respect
to such Defaulting Lender’s participation in Letters of Credit or Swingline Loans that has been reallocated to such Non-Defaulting Lender pursuant to clause (iv) below, (y) pay to the Issuing Lender
and the Swingline Lender, as applicable, the amount of any such fee otherwise payable to such Defaulting Lender to the extent allocable to the Issuing Lender’s or the Swingline Lender’s Fronting Exposure to such Defaulting Lender, and
(z) not be required to pay the remaining amount of any such fee. 
 (iv) Reallocation of Pro Rata Share to Reduce Fronting
Exposure. During any period in which there is a Defaulting Lender, for purposes of computing the amount of the obligation of each Non-Defaulting Lender to acquire, refinance or fund participations in
Letters of Credit pursuant to Section 3.4 or in Swingline Loans pursuant to Section 2.7(c), the L/C Percentage of each Non-Defaulting Lender of any such
Letter of Credit and the Revolving Percentage of each Non-Defaulting Lender of any such Swingline Loan, as the case may be, shall be computed without giving effect to the Revolving Commitment of such
Defaulting Lender; provided that, (A) each such reallocation shall be given effect only if, at the date the applicable Lender becomes a Defaulting Lender, no Event of Default has occurred and is continuing; and (B) the aggregate
obligations of each Non-Defaulting Lender to acquire, refinance or fund participations in Letters of Credit and Swingline Loans shall not exceed the positive difference, if any, of (1) the Revolving
Commitment of that Non-Defaulting Lender minus (2) the aggregate outstanding amount of the Revolving Loans of that Lender plus the aggregate amount of that Lender’s L/C Percentage of then
outstanding Letters of Credit. Subject to Section 10.21, no reallocation hereunder shall constitute a waiver or release of any claim of any party hereunder against a Defaulting Lender arising from that Lender having become
a Defaulting Lender, including any claim of a Non-Defaulting Lender as a result of such Non-Defaulting Lender’s increased exposure following such reallocation. 

(v) Cash Collateral, Repayment of Swingline Loans. If the reallocation described in clause (iv) above cannot, or can only
partially, be effected, the Borrower shall, without prejudice to any right or remedy available to it hereunder or under law, (x) first, prepay Swingline Loans in an amount equal to the Swingline Lender’s Fronting Exposure and
(y) second, Cash Collateralize the Issuing Lender’s Fronting Exposure in accordance with the procedures set forth in Section 3.10. 

(b) Defaulting Lender Cure. If the Borrower, the Administrative Agent, the Swingline Lender and the Issuing Lender agree in writing that
a Lender is no longer a Defaulting Lender, the Administrative Agent will so notify the parties hereto, whereupon as of the effective date specified in such notice and subject to any conditions set forth therein (which may include arrangements with
respect to any Cash Collateral), such Lender will, to the extent applicable, purchase at par that portion of outstanding Loans of the other Lenders or take such other actions as the Administrative Agent may determine to be necessary to cause the
Loans and funded and unfunded participations in Letters of Credit and Swingline Loans to be held on a pro rata basis by the Lenders in accordance with their respective Revolving Percentages and L/C Percentages, as applicable (without giving
effect to Section 2.24(a)(iv)), whereupon such Lender will cease to be a Defaulting Lender; provided that no adjustments will be made retroactively with respect to fees accrued or payments made by or on behalf of the
Borrower while such Lender was a Defaulting Lender; and provided further that, 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 having been a Defaulting Lender. 

  
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 (c) New Swingline Loans/Letters of Credit. So long as any Lender is a Defaulting
Lender, (i) the Swingline Lender shall not be required to fund any Swingline Loans unless it is satisfied that it will have no Fronting Exposure after giving effect to such Swingline Loan, and (ii) the Issuing Lender shall not be required
to issue, extend, renew or increase any Letter of Credit unless it is satisfied that it will have no Fronting Exposure in respect of Letters of Credit after giving effect thereto. 

(d) Termination of Defaulting Lender. The Borrower may terminate the unused amount of the Revolving Commitment of any Revolving Lender
that is a Defaulting Lender upon not less than ten (10) Business Days’ prior notice to the Administrative Agent (which shall promptly notify the Lenders thereof), and in such event the provisions of
Section 2.24(a)(ii) will apply to all amounts thereafter paid by the Borrower for the account of such Defaulting Lender under this Agreement (whether on account of principal, interest, fees, indemnity or other amounts);
provided that (i) no Event of Default shall have occurred and be continuing, and (ii) such termination shall not be deemed to be a waiver or release of any claim the Borrower, the Administrative Agent, the Issuing Lender, the
Swingline Lender or any other Lender may have against such Defaulting Lender. 
 2.25 Joint and Several Liability of the Borrowers.

 If at any time there is more than one Person composing the Borrower: 

(a) Each Borrower is accepting joint and several liability hereunder and under the other Loan Documents in consideration of the financial
accommodations to be provided by the Lenders under this Agreement, for the mutual benefit, directly and indirectly, of each Borrower and in consideration of the undertakings of the other Borrowers to accept joint and several liability for the
Obligations. 
 (b) Each Borrower, jointly and severally, hereby irrevocably and unconditionally accepts, not merely as a surety but also as
a co-debtor, joint and several liability with the other Borrowers, with respect to the payment and performance of all of the Obligations (including any Obligations arising under this
Section 2.25), it being the intention of the parties hereto that all the Obligations shall be the joint and several obligations of each Borrower without preferences or distinction among them. 

(c) If and to the extent that any Borrower shall fail to make any payment with respect to any of the Obligations as and when due or to perform
any of the Obligations in accordance with the terms thereof, then in each such event the other Borrowers will make such payment with respect to, or perform, such Obligations. 

(d) The Obligations of each Borrower under the provisions of this Section 2.25 constitute the absolute and
unconditional, full recourse Obligations of each Borrower enforceable against each Borrower to the full extent of its properties and assets, irrespective of the validity, regularity or enforceability of this Agreement or any other circumstances
whatsoever. 
 (e) Except as otherwise expressly provided in this Agreement, each Borrower hereby waives notice of acceptance of its joint
and several liability, notice of any Loans made or Letters of Credit issued under or pursuant to this Agreement, notice of the occurrence of any Default, Event of Default, or of any demand for any payment under this Agreement, notice of any action
at any time taken or omitted by the Administrative Agent or Lenders under or in respect of any of the Obligations, any requirement of diligence or to mitigate damages and, generally, to the extent permitted by applicable law, all demands, notices
and other formalities of every kind in connection with this Agreement (except as otherwise provided in this Agreement). Each Borrower hereby assents to, and waives notice of, any extension or postponement of the time for the payment of any of the
Obligations, the acceptance of any payment of 

  
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any of the Obligations, the acceptance of any partial payment thereon, any waiver, consent or other action or acquiescence by the Administrative Agent or Lenders at any time or times in respect
of any default by any Borrower in the performance or satisfaction of any term, covenant, condition or provision of this Agreement, any and all other indulgences whatsoever by the Administrative Agent or Lenders in respect of any of the Obligations,
and the taking, addition, substitution or release, in whole or in part, at any time or times, of any security for any of the Obligations or the addition, substitution or release, in whole or in part, of any Borrower. Without limiting the generality
of the foregoing, each Borrower assents to any other action or delay in acting or failure to act on the part of the Administrative Agent or Lender with respect to the failure by any Borrower to comply with any of its respective Obligations,
including, without limitation, any failure strictly or diligently to assert any right or to pursue any remedy or to comply fully with applicable laws or regulations thereunder, which might, but for the provisions of this
Section 2.25 afford grounds for terminating, discharging or relieving any Borrower, in whole or in part, from any of its Obligations under this Section 2.25, it being the intention of each Borrower
that, so long as any of the Obligations hereunder remain unsatisfied, the Obligations of each Borrower under this Section 2.25 shall not be discharged except by performance and then only to the extent of such performance.
The Obligations of each Borrower under this Section 2.25 shall not be diminished or rendered unenforceable by any winding up, reorganization, arrangement, liquidation, reconstruction or similar proceeding with respect to
any Borrower, the Administrative Agent or any Lender. 
 (f) Each Borrower represents and warrants to the Administrative Agent and Lenders
that such Borrower is currently informed of the financial condition of the Borrowers and of all other circumstances which a diligent inquiry would reveal and which bear upon the risk of nonpayment of the Obligations. Each Borrower further represents
and warrants to the Administrative Agent and Lenders that such Borrower has read and understands the terms and conditions of the Loan Documents. Each Borrower hereby covenants that such Borrower will continue to keep informed of the Borrowers’
financial condition, the financial condition of other guarantors, if any, and of all other circumstances which bear upon the risk of nonpayment or nonperformance of the Obligations. 

(g) Each Borrower waives all rights and defenses (i) arising out of an election of remedies by the Administrative Agent or any Lender,
even though that election of remedies, such as a nonjudicial foreclosure with respect to security for a guaranteed obligation, has destroyed such Borrower’s rights of subrogation and reimbursement against any applicable Loan Party by the
operation of Section 580 or 726 of the California Code of Civil Procedure or otherwise, and (ii) relating to any suretyship defenses available to it under the Uniform Commercial Code or any other applicable law, including, without
limitation, the benefit of California Civil Code Section 2815 permitting revocation as to future transactions and the benefit of California Civil Code Sections 1432, 2787 through 2855, 2899 and 3433. 

(h) Each Borrower waives all rights and defenses that such Borrower may have because the Obligations are secured by real property at any time.
This means, among other things: 
 (i) The Administrative Agent and Lenders may collect from such Borrower without first foreclosing on any
real or personal property Collateral pledged by the Borrowers. 
 (ii) If the Administrative Agent or any Lender forecloses on any
Collateral consisting of real property pledged by the Borrowers: 
 (A) The amount of the Obligations may be reduced only by the price for
which that collateral is sold at the foreclosure sale, even if the collateral is worth more than the sale price. 

  
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 (B) The Administrative Agent and Lenders may collect from such Borrower even if the
Administrative Agent or Lenders, by foreclosing on real property, has destroyed any right such Borrower may have to collect from the other Borrowers. 

This is an unconditional and irrevocable waiver of any rights and defenses such Borrower may have because the Obligations are secured by real
property. These rights and defenses include, but are not limited to, any rights or defenses based upon Section 580a, 580b, 580d or 726 of the California Code of Civil Procedure. 

(i) The provisions of this Section 2.25 are made for the benefit of the Administrative Agent, the Lenders, and their
respective successors and assigns, and may be enforced by it or them from time to time against any or all the Borrowers as often as occasion therefor may arise and without requirement on the part of the Administrative Agent, any Lender, any
successor or any assign first to marshal any of its or their claims or to exercise any of its or their rights against any Borrower or to exhaust any remedies available to it or them against any Borrower or to resort to any other source or means of
obtaining payment of any of the Obligations hereunder or to elect any other remedy. The provisions of this Section 2.25 shall remain in effect until all of the Obligations shall have been paid in full or otherwise fully
satisfied. If at any time, any payment, or any part thereof, made in respect of any of the Obligations, is rescinded or must otherwise be restored or returned by the Administrative Agent or any Lender upon the insolvency, bankruptcy or
reorganization of any Borrower, or otherwise, the provisions of this Section 2.25 will forthwith be reinstated in effect, as though such payment had not been made. 

(j) Each Borrower hereby agrees that it will not enforce any of its rights of contribution or subrogation against any other Borrower with
respect to any liability incurred by it hereunder or under any of the other Loan Documents, any payments made by it to the Administrative Agent or Lenders with respect to any of the Obligations or any collateral security therefor until such time as
all of the Obligations have been paid in full in cash. Any claim which any Borrower may have against any other Borrower with respect to any payments to the Administrative Agent or Lender hereunder or under any other Loan Documents are hereby
expressly made subordinate and junior in right of payment, without limitation as to any increases in the Obligations arising hereunder or thereunder, to the prior payment in full in cash of the Obligations and, in the event of any insolvency,
bankruptcy, receivership, liquidation, reorganization or other similar proceeding under the laws of any jurisdiction relating to any Borrower, its debts or its assets, whether voluntary or involuntary, all such Obligations shall be paid in full in
cash before any payment or distribution of any character, whether in cash, securities or other property, shall be made to any other Borrower therefor. Notwithstanding anything to the contrary contained in this Section 2.25,
no Borrower shall exercise any rights of subrogation, contribution, indemnity, reimbursement or other similar rights against, and shall not proceed or seek recourse against or with respect to any property or asset of, any other Borrower (the
“Foreclosed Borrower”), including after payment in full of the Obligations, if all or any portion of the Obligations have been satisfied in connection with an exercise of remedies in respect of the Capital Stock of such
Foreclosed Borrower whether pursuant to the Security Documents or otherwise. 
 (k) Each Borrower hereby agrees that, after the occurrence
and during the continuance of any Default or Event of Default, the payment of any amounts due with respect to the indebtedness owing by any Borrower to any other Borrower is hereby subordinated to the prior payment in full in cash of the
Obligations. Each Borrower hereby agrees that after the occurrence and during the continuance of any Default or Event of Default, such Borrower will not demand, sue for or otherwise attempt to collect any indebtedness of any other Borrower owing to
such Borrower until the Obligations shall have been paid in full in cash. If, notwithstanding the foregoing sentence, such Borrower shall collect, enforce or receive any amounts in respect of such indebtedness, such amounts shall be collected,
enforced and received by such Borrower as trustee for the Administrative Agent, and such Borrower shall deliver any such amounts to the Administrative Agent for application to the Obligations in accordance with the terms of this Agreement. 

  
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 (l) Subject to the foregoing, to the extent that any Borrower shall, under this Agreement as
a joint and several obligor, repay any of the Obligations made to another Borrower hereunder or other Obligations incurred directly and primarily by any other Borrower (an “Accommodation Payment”), then the Borrower making
such Accommodation Payment shall be entitled to contribution and indemnification from, and be reimbursed by, each other Borrower in an amount, for each of such other Borrower, equal to a fraction of such Accommodation Payment, the numerator of which
fraction is such other Borrower’s Allocable Amount and the denominator of which is the sum of the Allocable Amounts of all of the Borrowers. As of any date of determination, the “Allocable Amount” of each Borrower shall
be equal to the maximum amount of liability for Accommodation Payments which could be asserted against such Borrower hereunder without (a) rendering such Borrower “insolvent” within the meaning of Section 101(31) of the
Bankruptcy Code, Section 2 of the Uniform Fraudulent Transfer Act (“UFTA”) or Section 2 of the Uniform Fraudulent Conveyance Act (“UFCA”), (b) leaving such Borrower with unreasonably small
capital or assets, within the meaning of Section 548 of the Bankruptcy Code, Section 4 of the UFTA, or Section 5 of the UFCA, or (c) leaving such Borrower unable to pay its debts as they become due within the meaning of
Section 548 of the Bankruptcy Code or Section 4 of the UFTA, or Section 5 of the UFCA. 
 (m) Each entity composing the
Borrower hereby irrevocably appoints Bill.com as the borrowing agent and attorney-in-fact for all entities composing the Borrower (the “Administrative
Borrower”) which appointment shall remain in full force and effect unless and until the Administrative Agent shall have received prior written notice signed by each entity composing the Borrower that such appointment
has been revoked and that another entity composing the Borrower has been appointed Administrative Borrower. Each entity composing the Borrower hereby irrevocably appoints and authorizes the Administrative Borrower (a) to provide Agent with all
notices with respect to Loans and Letters of Credit obtained for the benefit of any entity composing the Borrower and all other notices and instructions under this Agreement and the other Loan Documents, and (b) to take such action as the
Administrative Borrower deems appropriate on its behalf to obtain Loans and Letters of Credit and to exercise such other powers as are reasonably incidental thereto to carry out the purposes of this Agreement and the other Loan Documents. 

2.26 Notes. If so requested by any Lender by written notice to the Borrower (with a copy to the Administrative Agent), the
Borrower shall execute and deliver to such Lender (and/or, if applicable and if so specified in such notice, to any Person who is an assignee of such Lender pursuant to Section 10.6) (promptly after the Borrower’s
receipt of such notice) a Note or Notes to evidence such Lender’s Loans. 
 2.27 Incremental Facility. 

(a) At any time during the Revolving Commitment Period, the Borrower may request from time to time from one or more existing Lenders or from
other Eligible Assignees reasonably acceptable to the Administrative Agent, the Issuing Lender, the Swingline Lender and the Borrower (but subject to the conditions set forth in clause (b) below) that the Total Revolving Commitments be
increased by an aggregate amount not to exceed the Available Revolving Increase Amount (each such increase, an “Increase”); provided that the Borrower may not request an Increase on more than five occasions during the
Revolving Commitment Period. No Lender shall be obligated to increase its Revolving Commitments in connection with a proposed Increase. The Administrative Agent shall invite each Lender to provide a portion of the Increase ratably in accordance with
its Revolving Percentage of 

  
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each requested Increase (it being agreed that no Lender shall be obligated to provide an Increase and that any Lender may elect to participate in such Increase in an amount that is less than its
Revolving Percentage of such requested Increase or more than its Revolving Percentage of such requested Increase if other Lenders have elected not to participate in any applicable requested Increase in accordance with their Revolving Percentage) and
to the extent, five (5) Business Days after receipt of invitation, sufficient Lenders do not agree to provide the full amount of such Increase, then the Administrative Agent may invite any prospective lender that satisfies the criteria of being
an “Eligible Assignee” to become a Lender in connection with the proposed Increase. Any Increase shall be in an amount of at least $5,000,000 (or, if the Available Revolving Increase Amount is less than $5,000,000, such remaining Available
Revolving Increase Amount) and integral multiples of $ 1,000,000 in excess thereof. Additionally, for the avoidance of doubt, it is understood and agreed that in no event shall the aggregate amount of the Increases to the Revolving Commitments
exceed the Available Revolving Increase Amount during the term of the Agreement. Each request for an Increase delivered by the Borrower to the Administrative Agent shall set forth the amount and proposed terms of the Increase. 

(b) Each of the following shall be conditions precedent to any Increase of the Revolving Commitments in connection therewith: 

(i) any Increase shall be on the same terms (including the interest rate, and maturity date), as applicable, as, and pursuant to documentation
applicable to, the Revolving Facility then in effect; provided that any such Increase may provide for terms (including interest rate) more favorable to such Increase lenders, if any existing Revolving Loans at the time of such Increase are
also provided the benefit of such more favorable terms (and the consent of any existing Revolving Lender shall not be required to implement such terms); provided, further, that any fees shall be agreed between the Borrower and the
lenders providing such Increase; 
 (ii) the Borrower shall have delivered a written request for such Increase at least ten
(10) Business Days prior to the requested establishment of such Increase (or such later date as may be reasonably approved by the Administrative Agent), which request shall set forth the amount and proposed terms of the Increase; 

(iii) each lender agreeing to such Increase, the Borrower and the Administrative Agent shall have signed an Increase Joinder (any Increase
Joinder may, with the consent of the Administrative Agent, the Borrower and the lenders agreeing to such Increase, effect such amendments to this Agreement and the other Loan Documents as may be necessary or appropriate to effectuate the provisions
of this Section 2.27 (including the preceding clause (ii)) and the Borrower shall have executed any Notes requested by any Lender in connection with the making of the Increase. Notwithstanding anything to the contrary in
this Agreement or in any other Loan Document, an Increase Joinder reasonably satisfactory to the Administrative Agent, and the amendments to this Agreement effected thereby, shall not require the consent of any Lender other than the Lender(s)
agreeing to establish such Increase; 
 (iv) immediately after giving pro forma effect to such Increase and the use of proceeds
thereof, each of the conditions precedent in Section 5.2(a) are satisfied; 
 (v) immediately after giving pro
forma effect to such Increase and the use of proceeds thereof, (A) no Default or Event of Default shall have occurred and be continuing at the time of such Increase and (B) the Borrower shall be in compliance with the then applicable
financial covenant set forth in Section 7.1 hereof as of the end of the most recently ended month and quarter for which financial statements are required to be delivered prior to such Increase (regardless of whether such
financial covenant is required to be tested), and the Borrower shall have delivered to the Administrative Agent a Compliance Certificate evidencing compliance with the requirements of this clause (v); 

  
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 (vi) in connection with such Increase, the Borrower shall pay to the Administrative Agent,
for the benefit of the Administrative Agent or the Increase lenders, as applicable, all fees that the Borrower has agreed to pay in connection with such Increase; and 

(vii) upon each Increase in accordance with this Section 2.27, all outstanding Loans, participations hereunder in
Letters of Credit and participations hereunder in Swingline Loans held by each Lender shall be reallocated among the Lenders (including any newly added Lenders) in accordance with the Lenders’ respective revised Revolving Percentages and L/C
Percentages, pursuant to procedures reasonably determined by the Administrative Agent in consultation with the Borrower. 
 (c) Upon the
effectiveness of any Increase, (i) all references in this Agreement and any other Loan Document to the Revolving Loans shall be deemed, unless the context otherwise requires, to include such Increase advanced pursuant to this
Section 2.27 and any amendments effected through the Increase Joinder and (ii) all references in this Agreement and any other Loan Document to the Revolving Commitment shall be deemed, unless the context otherwise
requires, to include the commitment to advance an amount equal to such Increase pursuant to this Section 2.27. 

(d) The Revolving Loans and Revolving Commitments established pursuant to this Section 2.27 shall constitute
Revolving Loans and Revolving Commitments under, and shall be entitled to all the benefits afforded by, this Agreement and the other Loan Documents, and shall, without limiting the foregoing, benefit equally and ratably from any guarantees and the
security interests created by the Loan Documents. The Borrower shall take any actions reasonably required by Administrative Agent to ensure and demonstrate that the Liens and security interests granted by the Loan Documents continue to be perfected
under the UCC or otherwise after giving effect to the establishment of any such new Revolving Commitments. 
 SECTION 3 

LETTERS OF CREDIT 
 3.1
L/C Commitment. 
 (a) Subject to the terms and conditions hereof, the Issuing Lender agrees to issue letters of credit
(“Letters of Credit”) for the account of the Borrower on any Business Day during the Letter of Credit Availability Period in such form as may reasonably be approved from time to time by the Issuing Lender; provided
that the Issuing Lender shall have no obligation to issue any Letter of Credit if, after giving effect to such issuance, the L/C Exposure would exceed either the Total L/C Commitments or the Available Revolving Commitment at such time. Unless
otherwise agreed to by the Administrative Agent in its sole discretion, each Letter of Credit shall (i) be denominated in Dollars and (ii) expire no later than the earlier of (x) the first anniversary of its date of issuance and
(y) the Letter of Credit Maturity Date, provided that any Letter of Credit with a one (1) year term may provide for the renewal thereof for additional one (1) year periods (which shall in no event extend beyond the date
referred to in clause (y) above). 
 (b) The Issuing Lender shall not at any time be obligated to issue any Letter of Credit if: 

(i) such issuance would conflict with, or cause the Issuing Lender or any L/C Lender to exceed any limits imposed by, any applicable
Requirement of Law; 

  
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 (ii) any order, judgment or decree of any Governmental Authority or arbitrator shall by its
terms purport to enjoin or restrain the Issuing Lender from issuing, amending or reinstating such Letter of Credit, or any law, rule or regulation applicable to the Issuing Lender or any request, guideline or directive (whether or not having the
force of law) from any Governmental Authority with jurisdiction over the Issuing Lender shall prohibit, or request that the Issuing Lender refrain from, the issuance, amendment, renewal or reinstatement of letters of credit generally or such Letter
of Credit in particular or shall impose upon the Issuing Lender with respect to such Letter of Credit any restriction, reserve or capital requirement (for which the Issuing Lender is not otherwise compensated) not in effect on the Closing Date, or
shall impose upon the Issuing Lender any unreimbursed loss, cost or expense which was not applicable on the Closing Date and which the Issuing Lender in good faith deems material to it; 

(iii) the Issuing Lender has received written notice from any Lender, the Administrative Agent or the Borrower, at least one (1) Business
Day prior to the requested date of issuance, amendment, renewal or reinstatement of such Letter of Credit, that one or more of the applicable conditions contained in Section 5.2 shall not then be satisfied; 

(iv) any requested Letter of Credit is not in form and substance acceptable to the Issuing Lender, or the issuance, amendment or renewal of a
Letter of Credit shall violate any applicable laws or regulations or any applicable policies of the Issuing Lender; 
 (v) such Letter of
Credit contains any provisions providing for automatic reinstatement of the stated amount after any drawing thereunder; 
 (vi) except as
otherwise agreed by the Administrative Agent and the Issuing Lender, such Letter of Credit is in an initial face amount less than $250,000; or 

(vii) any Lender is at that time a Defaulting Lender, unless the Issuing Lender has entered into arrangements, including the delivery of Cash
Collateral pursuant to Section 3.10, satisfactory to the Issuing Lender (in its sole discretion) with the Borrower or such Defaulting Lender to eliminate the Issuing Lender’s actual or potential Fronting Exposure
(after giving effect to Section 2.24(a)(iv)) with respect to the Defaulting Lender arising from either the Letter of Credit then proposed to be issued or such Letter of Credit and all other L/C Exposure as to which the
Issuing Lender has actual or potential Fronting Exposure, as it may elect in its sole discretion. 
 3.2 Procedure for Issuance of Letters
of Credit. The Borrower may from time to time request that the Issuing Lender issue a Letter of Credit for the account of the Borrower by delivering to the Issuing Lender at its address for notices specified herein an Application
therefor, completed to the satisfaction of the Issuing Lender, and such other certificates, documents and other papers and information as the Issuing Lender may request. Upon receipt of any Application, the Issuing Lender will process such
Application and the certificates, documents and other papers and information delivered to it in connection therewith in accordance with its customary procedures and shall promptly issue the Letter of Credit requested thereby (but in no event shall
the Issuing Lender be required to issue any Letter of Credit earlier than three (3) Business Days after its receipt of the Application therefor and all such other certificates, documents and other papers and information relating thereto) by
issuing the original of such Letter of Credit to the beneficiary thereof or as otherwise may be agreed to by the Issuing Lender and the Borrower. The Issuing Lender shall furnish a copy of such Letter of Credit to the Borrower promptly following the
issuance thereof. The Issuing Lender shall promptly furnish to the Administrative Agent, which shall in turn promptly furnish to the Lenders, notice of the issuance of each Letter of Credit (including the amount thereof). 

  
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 3.3 Fees and Other Charges. 

(a) The Borrower agrees to pay, with respect to each Existing Letter of Credit and each outstanding Letter of Credit issued for the account of
(or at the request of) the Borrower, (i) a fronting fee of 0.125% per annum on the daily amount available to be drawn under each such Letter of Credit to the Issuing Lender for its own account (a “Letter of Credit Fronting
Fee”), and (ii) a letter of credit fee equal to the Applicable Margin relating to Letters of Credit multiplied by the daily amount available to be drawn under each such Letter of Credit on the drawable amount of such Letter
of Credit to the Administrative Agent for the ratable account of the L/C Lenders (determined in accordance with their respective L/C Percentages) (a “Letter of Credit Fee”), in each case payable quarterly in arrears on the
last Business Day of each calendar quarter and on the Letter of Credit Maturity Date (each, an “L/C Fee Payment Date”) after the issuance date of such Letter of Credit, and (iii) the Issuing Lender’s
standard and reasonable fees with respect to the issuance, amendment, renewal or extension of any Letter of Credit issued for the account of (or at the request of) the Borrower or processing of drawings thereunder (the fees in this
clause (iii), collectively, the “Issuing Lender Fees”). All Letter of Credit Fronting Fees and Letter of Credit Fees shall be computed on the basis of the actual number of days elapsed in a year of 360 days. 

(b) In addition to the foregoing fees, the Borrower shall pay or reimburse the Issuing Lender for such normal and customary costs and expenses
as are incurred or charged by the Issuing Lender in issuing, negotiating, effecting payment under, amending or otherwise administering any Letter of Credit. 

(c) The Borrower shall furnish to the Issuing Lender and the Administrative Agent such other documents and information pertaining to any
requested Letter of Credit issuance, amendment or renewal, including any L/C-Related Documents, as the Issuing Lender or the Administrative Agent may require. This Agreement shall control in the event of any
conflict with any L/C-Related Document (other than any Letter of Credit). 
 (d) Any Letter of Credit
Fees otherwise payable for the account of a Defaulting Lender with respect to any Letter of Credit as to which such Defaulting Lender has not provided Cash Collateral satisfactory to the Issuing Lender pursuant to
Section 3.10 shall be payable, to the maximum extent permitted by applicable law, to the other L/C Lenders in accordance with the upward adjustments in their respective L/C Percentages allocable to such Letter of Credit
pursuant to Section 2.24(a)(iv), with the balance of such fee, if any, payable to the Issuing Lender for its own account. 

(e) All fees payable under this Section 3.3 shall be fully earned on the date paid and nonrefundable. 

3.4 L/C Participations; Existing Letters of Credit. 

(a) L/C Participations. The Issuing Lender irrevocably agrees to grant and hereby grants to each L/C Lender, and, to induce the
Issuing Lender to issue Letters of Credit, each L/C Lender irrevocably agrees to accept and purchase and hereby accepts and purchases from the Issuing Lender, on the terms and conditions set forth below, for such L/C Lender’s own account and
risk an undivided interest equal to such L/C Lender’s L/C Percentage in the Issuing Lender’s obligations and rights under and in respect of each Letter of Credit and the amount of each draft paid by the Issuing Lender thereunder. Each L/C
Lender agrees with the Issuing Lender that, if a draft is paid under any Letter of Credit for which the Issuing Lender is not reimbursed in full by the Borrower pursuant to Section 3.5(a), such L/C Lender shall pay to the
Issuing Lender upon demand at the Issuing Lender’s address for notices specified herein an amount equal to such L/C Lender’s L/C Percentage of the amount of such draft, or any 

  
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part thereof, that is not so reimbursed. Each L/C Lender’s obligation to pay such amount shall be absolute and unconditional and shall not be affected by any circumstance, including
(i) any setoff, counterclaim, recoupment, defense or other right that such L/C Lender may have against the Issuing Lender, the Borrower or any other Person for any reason whatsoever, (ii) the occurrence of a Default or an Event of Default
or the failure to satisfy any of the other conditions specified in Section 5.2, (iii) any adverse change in the condition (financial or otherwise) of the Borrower, (iv) any breach of this Agreement or any other Loan
Document by the Borrower, any other Loan Party or any other L/C Lender, or (v) any other circumstance, happening or event whatsoever, whether or not similar to any of the foregoing. 

(b) Existing Letters of Credit. On and after the Closing Date, the Existing Letters of Credit (if any) shall be deemed for all
purposes, including for purposes of the fees to be collected pursuant to Sections 3.3(a) and (b), reimbursement of costs and expenses to the extent provided herein and for purposes of being secured by the Collateral, a Letter of Credit
outstanding under this Agreement and entitled to the benefits of this Agreement and the other Loan Documents, and shall be governed by the applications and agreements pertaining thereto and by this Agreement (which shall control in the event of a
conflict). 
 3.5 Reimbursement. 

(a) If the Issuing Lender shall make any L/C Disbursement in respect of a Letter of Credit, the Issuing Lender shall notify the Borrower and
the Administrative Agent thereof and the Borrower shall pay or cause to be paid to the Issuing Lender an amount equal to the entire amount of such L/C Disbursement not later than the immediately following Business Day. Each such payment shall be
made to the Issuing Lender at its address for notices referred to herein in Dollars and in immediately available funds; provided that the Borrower may, subject to the satisfaction of the conditions to borrowing set forth herein, request in
accordance with Section 2.5 or Section 2.7(a) that such payment be financed with a Revolving Loan or a Swingline Loan, as applicable, in an equivalent amount and, to the extent so financed, the
Borrower’s obligations to make such payment shall be discharged and replaced by the resulting Revolving Loan or Swingline Loan. 
 (b)
If the Issuing Lender shall not have received from the Borrower the payment that it is required to make pursuant to Section 3.5(a) with respect to a Letter of Credit within the time specified in such Section, the Issuing
Lender will promptly notify the Administrative Agent of the L/C Disbursement and the Administrative Agent will promptly notify each L/C Lender of such L/C Disbursement and its L/C Percentage thereof, and each L/C Lender shall pay to the Issuing
Lender upon demand at the Issuing Lender’s address for notices specified herein an amount equal to such L/C Lender’s L/C Percentage of such L/C Disbursement (and the Administrative Agent may apply Cash Collateral provided for this
purpose); upon such payment pursuant to this paragraph to reimburse the Issuing Lender for any L/C Disbursement, the Borrower shall be required to reimburse the L/C Lenders for such payments (including interest accrued thereon from the date of such
payment until the date of such reimbursement at the rate applicable to Revolving Loans that are ABR Loans plus 2% per annum) on demand; provided that if at the time of and after giving effect to such payment by the L/C Lenders, the conditions
to borrowings and Revolving Loan Conversions set forth in Section 5.2 are satisfied, the Borrower may, by written notice to the Administrative Agent certifying that such conditions are satisfied and that all interest owing
under this paragraph has been paid, request that such payments by the L/C Lenders be converted into Revolving Loans (a “Revolving Loan Conversion”), in which case, if such conditions are in fact satisfied, the L/C Lenders
shall be deemed to have extended, and the Borrower shall be deemed to have accepted, a Revolving Loan in the aggregate principal amount of such payment without further action on the part of any party, and the Total L/C Commitments shall be
permanently reduced by such amount; any amount so paid pursuant to this paragraph shall, on and after the payment date thereof, be deemed to be Revolving Loans for all purposes hereunder; provided that the Issuing Lender, at its option, may
effectuate a Revolving Loan Conversion regardless of whether the conditions to borrowings and Revolving Loan Conversions set forth in Section 5.2 are satisfied. 

  
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 3.6 Obligations Absolute. The Borrower’s obligations under this
Section 3 shall be absolute and unconditional under any and all circumstances and irrespective of any setoff, counterclaim or defense to payment that the Borrower may have or have had against the Issuing
Lender, any beneficiary of a Letter of Credit or any other Person. The Borrower also agrees with the Issuing Lender that the Issuing Lender shall not be responsible for, and the Borrower’s obligations hereunder shall not be affected by,
among other things, the validity or genuineness of documents or of any endorsements thereon, even though such documents shall in fact prove to be invalid, fraudulent or forged, or any dispute between or among the Borrower and any beneficiary of any
Letter of Credit or any other party to which such Letter of Credit may be transferred or any claims whatsoever of the Borrower against any beneficiary of such Letter of Credit or any such transferee. The Issuing Lender shall not be liable for any
error, omission, interruption or delay in transmission, dispatch or delivery of any message or advice, however transmitted, in connection with any Letter of Credit, except for errors or omissions found by a final and nonappealable decision of a
court of competent jurisdiction to have resulted from the gross negligence or willful misconduct of the Issuing Lender. The Borrower agrees that any action taken or omitted by the Issuing Lender under or in connection with any Letter of Credit or
the related drafts or documents, if done in the absence of gross negligence or willful misconduct, shall be binding on the Borrower and shall not result in any liability of the Issuing Lender to the Borrower. 

In addition to amounts payable as elsewhere provided in the Agreement, the Borrower hereby agrees to pay and to protect, indemnify, and save
Issuing Lender harmless from and against any and all claims, demands, liabilities, damages, losses, costs, charges and expenses (including reasonable attorneys’ fees) that the Issuing Lender may incur or be subject to as a consequence, direct
or indirect, of (A) the issuance of any Letter of Credit, or (B) the failure of Issuing Lender or of any L/C Lender to honor a demand for payment under any Letter of Credit thereof as a result of any act or omission, whether rightful or
wrongful, of any present or future de jure or de facto government or Governmental Authority, in each case other than to the extent solely as a result of the gross negligence or willful misconduct of Issuing Lender or such L/C Lender (as finally
determined by a court of competent jurisdiction). 
 3.7 Letter of Credit Payments. If any draft shall be presented for payment under
any Letter of Credit, the Issuing Lender shall promptly notify the Borrower and the Administrative Agent of the date and amount thereof. The responsibility of the Issuing Lender to the Borrower in connection with any draft presented for
payment under any Letter of Credit shall, in addition to any payment obligation expressly provided for in such Letter of Credit, be limited to determining that the documents (including each draft) delivered under such Letter of Credit in connection
with such presentment are substantially in conformity with such Letter of Credit. 
 3.8 Applications. To the extent that any
provision of any Application related to any Letter of Credit is inconsistent with the provisions of this Section 3, the provisions of this Section 3 shall apply. 

3.9 Interim Interest. If the Issuing Lender shall make any L/C Disbursement in respect of a Letter of Credit, then, unless either
the Borrower shall have reimbursed such L/C Disbursement in full within the time period specified in Section 3.5(a) or the L/C Lenders shall have reimbursed such L/C Disbursement in full on such date as provided in
Section 3.5(b), in each case the unpaid amount thereof shall bear interest for the account of the Issuing Lender, for each day from and including the date of such L/C Disbursement to but excluding the date of payment by the
Borrower, at the rate per annum that would apply to such amount if such amount were a Revolving Loan that is an ABR Loan; provided that the provisions of Section 2.15(c) shall be applicable to any such amounts not
paid when due. 

  
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 3.10 Cash Collateral. 

(a) Certain Credit Support Events. Upon the request of the Administrative Agent or the Issuing Lender (i) if the Issuing Lender has
honored any full or partial drawing request under any Letter of Credit and such drawing has resulted in an L/C Advance by all the L/C Lenders that is not reimbursed by the Borrower or converted into a Revolving Loan or Swingline Loan pursuant to
Section 3.5(b), or (ii) if, as of the Letter of Credit Maturity Date, any L/C Exposure for any reason remains outstanding, the Borrower shall, in each case, immediately Cash Collateralize the then effective L/C Exposure in an
amount equal to 105% of such L/C Exposure. 
 At any time that there shall exist a Defaulting Lender, within one (1) Business Day
following the request of the Administrative Agent or the Issuing Lender (with a copy to the Administrative Agent), the Borrower shall deliver to the Administrative Agent Cash Collateral in an amount sufficient to cover 105% of the Fronting Exposure
relating to the Letters of Credit (after giving effect to Section 2.24(a)(iv) and any Cash Collateral provided by such Defaulting Lender). 

(b) Grant of Security Interest. All Cash Collateral (other than credit support not constituting funds subject to deposit) shall be
maintained in blocked, non-interest bearing deposit accounts with the Administrative Agent. The Borrower, and to the extent provided by any Lender or Defaulting Lender, such Lender or Defaulting Lender, hereby
grants to (and subjects to the control of) the Administrative Agent, for the benefit of the Administrative Agent, the Issuing Lender and the L/C Lenders, and agrees to maintain, a first priority security interest and Lien in all such Cash Collateral
and in all proceeds thereof, as security for the Obligations to which such Cash Collateral may be applied pursuant to Section 3.10(c). If at any time the Administrative Agent determines that Cash Collateral is subject to
any right or claim of any Person other than the Administrative Agent or any Issuing Lender as herein provided, or that the total amount of such Cash Collateral is less than 105% of the applicable L/C Exposure, Fronting Exposure and other Obligations
secured thereby, the Borrower or the relevant Lender or Defaulting Lender, as applicable, will, promptly upon demand by the Administrative Agent, pay or provide to the Administrative Agent additional Cash Collateral in an amount sufficient to
eliminate such deficiency (after giving effect to any Cash Collateral provided by such Defaulting Lender). 
 (c) Application.
Notwithstanding anything to the contrary contained in this Agreement, Cash Collateral provided under any of this Section 3.10, Section 2.24 or otherwise in respect of Letters of Credit shall be
held and applied to the satisfaction of the specific L/C Exposure, obligations to fund participations therein (including, as to Cash Collateral provided by a Defaulting Lender, any interest accrued on such obligation) and other obligations for which
the Cash Collateral was so provided, prior to any other application of such property as may otherwise be provided for herein. 
 (d)
Termination of Requirement. Cash Collateral (or the appropriate portion thereof) provided to reduce Fronting Exposure in respect of Letters of Credit or other Obligations shall no longer be required to be held as Cash Collateral pursuant to
this Section 3.10 following (i) the elimination of the applicable Fronting Exposure and other Obligations giving rise thereto (including by the termination of the Defaulting Lender status of the applicable Lender), or
(ii) a determination by the Administrative Agent and the Issuing Lender that there exists excess Cash Collateral; provided, however, (A) that Cash Collateral furnished by or on behalf of a Loan Party shall not be released
during the continuance of an Event of Default, and (B) that, subject to Section 2.24, the Person providing such Cash Collateral and the Issuing Lender may agree that such Cash Collateral shall not be released but
instead shall be held to support future anticipated Fronting Exposure or other obligations, and provided further, that to the extent that such Cash Collateral was provided by the Borrower or any other Loan Party, such Cash Collateral
shall remain subject to any security interest and Lien granted pursuant to the Loan Documents including any applicable Cash Management Agreement. 

  
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 3.11 Additional Issuing Lenders. The Borrower may, at any time and from time to time
with the consent of the Administrative Agent (which consent shall not be unreasonably withheld) and such Lender, designate one or more additional Lenders to act as an issuing bank under the terms of this Agreement. Any Lender designated as an
issuing bank pursuant to this paragraph shall be deemed to be an “Issuing Lender” (in addition to being a Lender) in respect of Letters of Credit issued or to be issued by such Lender, and, with respect to such Letters of
Credit, such term shall thereafter apply to the other Issuing Lender and such Lender. 
 3.12 Resignation of the Issuing Lender. The
Issuing Lender may resign at any time by giving at least thirty (30) days’ prior written notice to the Administrative Agent, the Lenders and the Borrower. Subject to the next succeeding paragraph, upon the acceptance of any
appointment as the Issuing Lender hereunder by a Lender that shall agree to serve as successor Issuing Lender, such successor shall succeed to and become vested with all the interests, rights and obligations of the retiring Issuing Lender and the
retiring Issuing Lender shall be discharged from its obligations to issue additional Letters of Credit hereunder without affecting its rights and obligations with respect to Letters of Credit previously issued by it. At the time such resignation
shall become effective, the Borrower shall pay all accrued and unpaid fees pursuant to Section 3.3. The acceptance of any appointment as the Issuing Lender hereunder by a successor Lender shall be evidenced by an agreement
entered into by such successor, in a form satisfactory to the Borrower and the Administrative Agent, and, from and after the effective date of such agreement, (i) such successor Lender shall have all the rights and obligations of the previous
Issuing Lender under this Agreement and the other Loan Documents and (ii) references herein and in the other Loan Documents to the term “Issuing Lender” shall be deemed to refer to such successor or to any previous
Issuing Lender, or to such successor and all previous Issuing Lenders, as the context shall require. After the resignation of the Issuing Lender hereunder, the retiring Issuing Lender shall remain a party hereto and shall continue to have all the
rights and obligations of an Issuing Lender under this Agreement and the other Loan Documents with respect to Letters of Credit issued by it prior to such resignation, but shall not be required to issue additional Letters of Credit or to extend,
renew or increase any existing Letter of Credit. 
 3.13 Applicability of UCP and ISP. Unless otherwise expressly agreed by the
Issuing Lender and the Borrower when a Letter of Credit is issued and subject to applicable laws, the Letters of Credit shall be governed by and subject to (a) with respect to standby Letters of Credit, the rules of the ISP, and
(b) with respect to commercial Letters of Credit, the rules of the Uniform Customs and Practice for Documentary Credits, as published in its most recent version by the International Chamber of Commerce on the date any commercial Letter of
Credit is issued. 
 SECTION 4 

REPRESENTATIONS AND WARRANTIES 

To induce the Administrative Agent and the Lenders to enter into this Agreement and to make the Loans and issue the Letters of Credit,
Holdings and the Borrower hereby jointly and severally represent and warrant to the Administrative Agent and each Lender, as to themselves and each of their respective Subsidiaries, that: 

4.1 Financial Condition. 

(a) The Projected Pro Forma Financial Statements have been prepared based on the best information available to the Borrower as of the date of
delivery thereof and are based upon good faith estimates and assumptions believed by management of Holdings to be reasonable at the time made, it being recognized by the Lenders that such financial information as it relates to future events is not
to be viewed as fact and that actual results during the period or periods covered by such financial information may differ from the projected results set forth therein by a material amount. 

  
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 (b) The audited consolidated balance sheets of the Borrower and its Subsidiaries as of
June 30, 2017 and June 30, 2018 and the related consolidated statements of income and of cash flows for the fiscal years ended on such dates, reported on by and accompanied by an unqualified report from March 31, 2019 present fairly
in all material respects the consolidated financial condition of Holdings and its Subsidiaries as at such dates, and the consolidated results of its operations and its consolidated cash flows for the respective fiscal years then ended. The unaudited
consolidated balance sheet of Holdings and its Subsidiaries as at May 31, 2019, and the related unaudited consolidated statements of income and cash flows for the five (5) month period ended on such date, present fairly in all material
respects the consolidated financial condition of Holdings and its Subsidiaries as at such date, and the consolidated results of its operations and its consolidated cash flows for the trailing twelve (12) month period then ended (subject to
normal year-end audit adjustments). All such financial statements, including the related schedules and notes thereto, have been prepared in accordance with GAAP applied consistently throughout the periods
involved (except as approved by the aforementioned firm of accountants and disclosed therein). No Group Member has, as of the Closing Date, any material Guarantee Obligations, contingent liabilities and past due liabilities for taxes, or any long
term leases or unusual forward or long term commitments, including any interest rate or foreign currency swap or exchange transaction or other obligation in respect of derivatives, that are not reflected in the most recent financial statements
referred to in this paragraph. During the period from June 30, 2018 to and including the date hereof, there has been no Disposition by any Group Member of any material part of its business or property. 

4.2 No Change. Since June 30, 2018, there has been no development or event that has had or could reasonably be expected to
have a Material Adverse Effect. 
 4.3 Existence; Compliance with Law. Each Group Member (a) is duly organized, validly
existing and in good standing (if applicable) under the laws of the jurisdiction of its organization, (b) has the 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) is duly qualified as a foreign corporation or other organization and in good standing (if applicable) under the laws of each jurisdiction where the failure to be so qualified or in good
standing could reasonably be expected to have a Material Adverse Effect and (d) is in material compliance with all Requirements of Law except in such instances in which (i) such Requirement of Law is being contested in good faith by
appropriate proceedings diligently conducted and the prosecution of such contest would not reasonably be expected to result in a Material Adverse Effect, or (ii) the failure to comply therewith, either individually or in the aggregate, would
not reasonably be expected to have a Material Adverse Effect. 
 4.4 Power, Authorization; Enforceable Obligations. Each Loan Party
has the 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 the Borrower, to obtain extensions of credit hereunder. Each Loan Party has taken all necessary
organizational action to authorize the execution, delivery and performance of the Loan Documents to which it is a party and, in the case of the Borrower, to authorize the extensions of credit on the terms and conditions of this Agreement. No
Governmental Approval or consent or authorization of, filing with, notice to or other act by or in respect of, any other Person is required in connection with the extensions of credit hereunder or with the execution, delivery, performance, validity
or enforceability of this Agreement or any of the Loan Documents, except (i) Governmental Approvals, consents, authorizations, filings and notices described on Schedule 4.4, which Governmental Approvals, consents, authorizations, filings
and notices have been obtained or made and are in full force and effect, and (ii) the filings referred to in Section 4.19. Each Loan Document has been duly executed and delivered on behalf of each Loan Party party
thereto. This Agreement constitutes, and each other Loan Document upon 

  
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execution will constitute, a legal, valid and binding obligation of each Loan Party party thereto, enforceable against each such Loan Party in accordance with its terms, except as enforceability
may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights generally and by general equitable principles (whether enforcement is sought by proceedings in equity
or at law). 
 4.5 No Legal Bar. The execution, delivery and performance of this Agreement and the other Loan Documents, the
issuance of Letters of Credit, the borrowings hereunder and the use of the proceeds thereof will not violate any material Requirement of Law or any material Contractual Obligation of any Group Member 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 Requirement of Law or any such Contractual Obligation (other than the Liens created by the Security Documents). No Group Member has violated any Requirement
of Law or violated or failed to comply with any Contractual Obligation applicable to Holdings or any of its Subsidiaries that could reasonably be expected to have a Material Adverse Effect. 

4.6 Litigation. No litigation, investigation or proceeding of or before any arbitrator or Governmental Authority is pending or,
to the knowledge of the Borrower, threatened by or against any Group Member or against any of their respective properties or revenues (a) with respect to any of the Loan Documents or any of the transactions contemplated hereby or thereby, or
(b) that could reasonably be expected to have a Material Adverse Effect (taking into account the likelihood of success). 
 4.7 No
Default. No Group Member is in default under or with respect to any of its Contractual Obligations in any respect that could reasonably be expected to have a Material Adverse Effect. No Default or Event of Default has occurred and is
continuing, nor shall either result from the making of a requested credit extension. 
 4.8 Ownership of Property; Liens; Investments.
Each Group Member has title in fee simple to, or a valid leasehold interest in, all of its real property, and good title to, or a valid leasehold interest in, all of its other property material to the Group Member’s business, and none of
such property is subject to any Lien except as permitted by Section 7.3. No Loan Party owns any Investment except as permitted by Section 7.8. Section 10 of the Collateral
Information Certificate sets forth a complete and accurate list of all real property owned by each Loan Party as of the Closing Date, if any. The Collateral Information Certificate sets forth a complete and accurate list of all leases of real
property under which any Loan Party is the lessee as of the Closing Date. 
 4.9 Intellectual Property. Each Group Member owns, or is
licensed to use, all Intellectual Property reasonably necessary for the conduct of its business as currently conducted. No claim has been asserted and is pending by any Person challenging or questioning any Group Member’s use of any
Intellectual Property or the validity or effectiveness of any Group Member’s Intellectual Property, nor does any Loan Party know of any valid basis for any such claim, unless such claim could not reasonably be expected to have a Material
Adverse Effect. The use of Intellectual Property by each Group Member, and the conduct of such Group Member’s business, as currently conducted, does not infringe on or otherwise violate the rights of any Person, unless such infringement could
not reasonably be expected to have a Material Adverse Effect, and there are no claims pending or, to the knowledge of any Loan Party, threatened to such effect. 

4.10 Taxes. Each Group Member has filed or caused to be filed all Federal, state income and other material tax returns that are
required to be filed (taking into account all applicable extension periods) and has paid all taxes shown to be due and payable on said returns or on any assessments made against it or any of its property and all other taxes, fees or other charges
imposed on it or any of its property by any Governmental Authority (other than any the amount or validity of which are currently 

  
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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 relevant Group Member or where the
amount is less than $200,000 in the aggregate); no tax Lien has been filed, other than Liens for Taxes not yet due and payable and Liens for Taxes 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 relevant Group Member, and, to the knowledge of the Loan Parties, no claim is being asserted, with respect to any such tax, fee or other charge. 

4.11 Federal Regulations. The Borrower is not engaged and will not engage, principally or as one of its important activities, in
the business of “buying” or “carrying” “margin stock” (within the respective meanings of each of the quoted terms under Regulation U as now and from time to time hereafter in effect) or extending credit for the purpose
of purchasing or carrying margin stock. No part of the proceeds of any Loans, and no other extensions of credit hereunder, will be used for buying or carrying any such margin stock or for extending credit to others for the purpose of purchasing or
carrying margin stock in violation of Regulations T, U or X of the Board. If any margin stock directly or indirectly constitutes Collateral securing the Obligations, if requested by any Lender or the Administrative Agent, the Borrower will furnish
to the Administrative Agent and each Lender a statement to the foregoing effect in conformity with the requirements of FR Form G-3 or FR Form U-1, as applicable,
referred to in Regulation U. 
 4.12 Labor Matters. Except as, in the aggregate, could not reasonably be expected to have a
Material Adverse Effect: (a) there are no strikes or other labor disputes against any Group Member pending or, to the knowledge of the Loan Parties, threatened; (b) hours worked by and payment made to employees of each Group Member
have not been in violation of the Fair Labor Standards Act or any other applicable Requirement of Law dealing with such matters; and (c) all payments due from any Group Member on account of employee health and welfare insurance have been paid
or accrued as a liability on the books of the relevant Group Member. 
 4.13 ERISA. 

(a) Schedule 4.13 is a complete and accurate list of all Pension Plans maintained or sponsored by the Borrower or any ERISA Affiliate or
to which the Borrower or any ERISA Affiliate contributes as of the Closing Date; 
 (b) the Borrower and its ERISA Affiliates are in
compliance in all material respects with all applicable provisions and requirements of ERISA with respect to each Plan, and have performed all their obligations under each Plan; 

(c) no ERISA Event has occurred or is reasonably expected to occur; 

(d) the Borrower and each of its ERISA Affiliates have met all applicable requirements under the ERISA Funding Rules with respect to each
Pension Plan, and no waiver of the minimum funding standards under the ERISA Funding Rules has been applied for or obtained; 
 (e) as of the
most recent valuation date for any Pension Plan, the funding target attainment percentage (as defined in Section 430(d)(2) of the Code) is at least 60%, and neither the Borrower nor any of its ERISA Affiliates knows of any facts or
circumstances that could reasonably be expected to cause the funding target attainment percentage to fall below 60% as of the most recent valuation date; 

  
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 (f) except to the extent required under Section 4980B of the Code, or as described on
Schedule 4.13, no Plan provides health or welfare benefits (through the purchase of insurance or otherwise) for any retired or former employee of the Borrower or any of its ERISA Affiliates; 

(g) as of the most recent valuation date for any Pension Plan, the amount of outstanding benefit liabilities (as defined in
Section 4001(a)(18) of ERISA), individually or in the aggregate for all Pension Plans (excluding for purposes of such computation any Pension Plans with respect to which assets exceed benefit liabilities), does not exceed $200,000; 

(h) the execution and delivery of this Agreement and the consummation of the transactions contemplated hereunder will not involve any
transaction that is subject to the prohibitions of Section 406 of ERISA or in connection with which taxes could be imposed pursuant to Section 4975(c)(1)(A)-(D) of the Code; 

(i) all liabilities under each Plan are (i) funded to at least the minimum level required by law or, if higher, to the level required by
the terms governing the Plans, (ii) insured with a reputable insurance company, (iii) provided for or recognized in the financial statements most recently delivered to the Administrative Agent and the Lenders pursuant hereto or
(iv) estimated in the formal notes to the financial statements most recently delivered to the Administrative Agent and the Lenders pursuant hereto; 

(j) there are no circumstances which may give rise to a liability in relation to any Plan which is not funded, insured, provided for,
recognized or estimated in the manner described in clause (g); and 
 (k) (i) the Borrower is not and will not be a “plan”
within the meaning of Section 4975(e) of the Code; (ii) the assets of the Borrower do not and will not constitute “plan assets” within the meaning of the United States Department of Labor Regulations set forth in 29 C.F.R. §2510.3-101; (iii) the Borrower is not and will not be a “governmental plan” within the meaning of Section 3(32) of ERISA; and (iv) transactions by or with the Borrower are not and will not
be subject to state statutes applicable to the Borrower regulating investments of fiduciaries with respect to governmental plans. 
 4.14
Investment Company Act; Other Regulations. No Loan Party is required to register as an “investment company” within the meaning of the Investment Company Act of 1940, as amended. No Loan Party is subject to regulation under any
Requirement of Law (other than Regulation X of the Board) that limits its ability to incur Indebtedness or which may otherwise render all or any portion of the Obligations unenforceable. 

4.15 Subsidiaries. 
 (a)
Except as disclosed to the Administrative Agent by the Borrower in writing from time to time after the Closing Date, (a) Schedule 4.15 sets forth the name and jurisdiction of organization of each Subsidiary of Holdings and, as to each
such Subsidiary, the percentage of each class of Capital Stock owned by any Loan Party, and (b) there are no outstanding subscriptions, options, warrants, calls, rights or other agreements or commitments (other than equity awards granted to
employees, consultants or directors and directors’ qualifying shares) of any nature relating to any Capital Stock of any Subsidiary of Holdings, except as may be created by the Loan Documents. 

  
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 (b) No Immaterial Subsidiary (a) holds assets representing more than 5% of
Holdings’ consolidated total assets (determined in accordance with GAAP), (b) has generated more than 5% of Holdings’ consolidated total revenues determined in accordance with GAAP for the four fiscal quarter period ending on the last day
of the most recent period for which financial statements have been delivered after the Closing Date pursuant to Section 6.1(b); provided that all Subsidiaries that are individually an Immaterial Subsidiary do not
have aggregate consolidated total assets that would represent 10% or more of Holdings’ consolidated total assets nor have generated 10% or more of Holdings’ consolidated total revenues for such four fiscal quarter period, in each case,
determined in accordance with GAAP, or (c) owns any material Intellectual Property. 
 4.16 Use of Proceeds. The proceeds of the
Revolving Loans, Swingline Loans and Letters of Credit shall be used to refinance existing Indebtedness, to pay related fees and expenses and for general corporate purposes (including Permitted Acquisitions). 

4.17 Environmental Matters. Except as, in the aggregate, could not reasonably be expected to have a Material Adverse Effect: 

(a) except as disclosed on Schedule 4.17, the facilities and properties owned, leased or operated by any Group Member (the
“Properties”) do not contain, and, to the knowledge of the Loan Parties, have not previously contained, any Materials of Environmental Concern in amounts or concentrations or under circumstances that constitute or have
constituted a violation of, or could give rise to liability under, any Environmental Law; 
 (b) no Group Member has received or is aware of
any notice of violation, alleged violation, non-compliance, liability or potential liability regarding environmental matters or compliance with Environmental Laws with regard to any of the Properties or the
business operated by any Group Member (the “Business”), nor does any Loan Party have knowledge or reason to believe that any such notice will be received or is being threatened; 

(c) no Group Member has transported or disposed of Materials of Environmental Concern from the Properties in violation of, or in a manner or to
a location that could give rise to liability under, any Environmental Law, nor has any Group Member generated, treated, stored or disposed of Materials of Environmental Concern at, on or under any of the Properties in violation of, or in a manner
that could give rise to liability under, any applicable Environmental Law; 
 (d) no judicial proceeding or governmental or administrative
action is pending or, to the knowledge of any Loan Party, threatened, under any Environmental Law to which any Group Member is or will be named as a party with respect to the Properties or the Business, nor are there any consent decrees or other
decrees, consent orders, administrative orders or other orders, or other administrative or judicial requirements outstanding under any Environmental Law with respect to the Properties or the Business; 

(e) there has been no release or threat of release of Materials of Environmental Concern at or from the Properties arising from or related to
the operations of any Group Member or otherwise in connection with the Business, in violation of or in amounts or in a manner that could give rise to liability under Environmental Laws; 

(f) the Properties and all operations of the Group Members at the Properties are in compliance, and have in the last five (5) years been
in compliance, with all applicable Environmental Laws, and except as set forth on Schedule 4.17, to the knowledge of the Borrower, there is no contamination at, under or about the Properties or violation of any Environmental Law with respect
to the Properties or the Business; and 

  
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 (g) no Group Member has assumed any liability of any other Person under Environmental Laws.

 4.18 Accuracy of Information, etc. No statement or information contained in this Agreement, any other Loan Document or any
other document, certificate or written statement furnished by or on behalf of any Loan Party to the Administrative Agent or the Lenders, or any of them, for use in connection with the transactions contemplated by this Agreement or the other Loan
Documents, contained as of the date such statement, information, document or certificate was so furnished, any untrue statement of a material fact or omitted to state a material fact necessary to make the statements contained herein or therein not
misleading. The projections and pro forma financial information contained in the materials referenced above are based upon good faith estimates and assumptions believed by management of the Borrower to be reasonable at the time made, it being
recognized by the Lenders that such financial information as it relates to future events is not to be viewed as fact and that actual results during the period or periods covered by such financial information may differ from the projected results set
forth therein by a material amount. There is no fact known to any Loan Party that could reasonably be expected to have a Material Adverse Effect that has not been expressly disclosed herein, in the other Loan Documents or in any other documents,
certificates and statements furnished to the Administrative Agent and the Lenders for use in connection with the transactions contemplated hereby and by the other Loan Documents. 

4.19 Security Documents. 

(a) The Guarantee and Collateral Agreement is effective to create in favor of the Administrative Agent, for the benefit of the Secured Parties,
a legal, valid and enforceable security interest in the Collateral described therein and proceeds thereof. In the case of the Pledged Stock described in the Guarantee and Collateral Agreement that are securities represented by stock certificates or
otherwise constituting certificated securities within the meaning of Section 8-102(a)(15) of the UCC or the corresponding code or statute of any other applicable jurisdiction (“Certificated
Securities”), when certificates representing such Pledged Stock are delivered to the Administrative Agent, and in the case of the other Collateral constituting personal property described in the Guarantee and Collateral Agreement, when
financing statements and other filings specified on Schedule 4.19(a) in appropriate form are filed in the offices specified on Schedule 4.19(a), the Administrative Agent, for the benefit of the Secured Parties, shall have a fully
perfected Lien on, and security interest in, all right, title and interest of the Loan Parties in such Collateral and the proceeds thereof, as security for the Obligations, in each case prior and superior in right to any other Person (except, in the
case of Collateral other than Pledged Stock, Liens permitted by Section 7.3). As of the Closing Date, none of the Loan Parties that is a limited liability company or partnership has any Capital Stock that is a Certificated
Security. 
 (b) Each of the Mortgages delivered after the Closing Date will be, upon execution, effective to create in favor of the
Administrative Agent, for the benefit of the Secured Parties, a legal, valid and enforceable Lien on the Mortgaged Properties described therein and proceeds thereof, and when the Mortgages are filed in the offices for the applicable jurisdictions in
which the Mortgaged Properties are located, each such 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 and the proceeds thereof, as security
for the Obligations (as defined in the relevant Mortgage), in each case prior and superior in right to any other Person. 
 4.20 Solvency;
Voidable Transaction. Each Loan Party is, and after giving effect to the incurrence of all Indebtedness, Obligations and obligations being incurred in connection herewith, will be and will continue to be, Solvent. No transfer of property
is being made by any Loan Party and no obligation is being incurred by any Loan Party in connection with the transactions contemplated by this Agreement or the other Loan Documents with the intent to hinder, delay, or defraud either present or
future creditors of such Loan Party. 

  
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 4.21 Regulation H. No Mortgage encumbers improved real property that is located in an
area that has been identified by the Secretary of Housing and Urban Development as an area having special flood hazards and in which flood insurance has not been made available under the National Flood Insurance Act of 1968. 

4.22 Designated Senior Indebtedness. The Loan Documents and all of the Obligations have been deemed “Designated
Senior Indebtedness” or a similar concept thereto, if applicable, for purposes of any other Indebtedness of the Loan Parties. 

4.23 [Reserved]. 

4.24 Insurance. All insurance maintained by the Loan Parties is in full force and effect, all premiums have been duly paid, no
Loan Party has received notice of violation or cancellation thereof, and there exists no default under any requirement of such insurance. Each Loan Party maintains insurance with financially sound and reputable insurance companies on all its
property in at least such amounts and against at least such risks (but including in any event public liability, product liability, and business interruption) as are usually insured against in the same general area by companies engaged in the same or
a similar business. 
 4.25 No Casualty. No Loan Party has received any notice of, nor does any Loan Party have any knowledge
of, the occurrence or pendency or contemplation of any Casualty Event affecting all or any material portion of its property. 
 4.26
Recurring Revenue. 
 (a) For any Eligible Customer Account in any RR calculation, all statements made and all unpaid balances appearing
in all invoices, instruments and other documents evidencing such Eligible Customer Accounts are and shall be true and correct in all material respects and all such invoices, instruments and other documents, and all of the Group Members’ books
and records are genuine and in all material respects what they purport to be. 
 (b) All sales and other transactions underlying or giving
rise to each Eligible Customer Account shall comply in all material respects with all Requirements of Law. The Loan Parties have no knowledge of any actual or imminent Insolvency Proceeding of any customer whose Eligible Customer Accounts are used
in any RR calculation. To the best of the Loan Parties’ knowledge, all signatures and endorsements on all documents, instruments, and agreements relating to all Eligible Customer Accounts are genuine, and all such documents, instruments and
agreements are legally enforceable in accordance with their terms. The Group Members are the owner of and have the legal right to sell, transfer, assign and encumber its rights with respect to each Eligible Customer Account, and there are no
defenses, offsets, counterclaims or agreements for which the Account Debtor may claim any deduction or discount. 
 4.27
Capitalization. Schedule 4.27 sets forth the beneficial owners which hold an aggregate amount in excess of 3% of all Capital Stock of Holdings and its consolidated Subsidiaries (on a fully diluted basis), and the
amount of Capital Stock held by each such owner, as of the Closing Date. 
 4.28 OFAC. Neither Holdings, nor any of its Subsidiaries,
nor, to the knowledge of Holdings or any such Subsidiary, any director, officer, employee, agent, affiliate or representative thereof, is an individual or an entity that is, or is owned or controlled by an individual or entity that is
(a) currently the subject of any Sanctions, or (b) located, organized or resident in a Designated Jurisdiction. 

  
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 4.29 Anti- Corruption Laws. Each of Holdings and its Subsidiaries has conducted its
business in compliance in all material respects with applicable anti-corruption laws and have instituted and maintained policies and procedures designed to promote and achieve compliance with such laws. 

4.30 Holding Company. Holdings is a holding company and, after giving effect to the Closing Date, does not have any material
liabilities (other than liabilities arising under the Loan Documents), own any material assets (other than the Capital Stock of its Subsidiaries) or engage in any operations or business (other than the ownership of Capital Stock of its Subsidiaries
and all activities incidental thereto) other than as required for compliance with this Agreement and other Loan Documents or other permitted Indebtedness, financial reporting and the engagement of third party advisors in connection therewith, and
incidental corporate operations. 
 SECTION 5 

CONDITIONS PRECEDENT 

5.1 Conditions to Initial Extension of Credit. The effectiveness of this Agreement and the obligation of each Lender to make its
initial extension of credit hereunder shall be subject to the satisfaction or waiver, prior to or concurrently with the making of such extension of credit on the Closing Date, of the following conditions precedent: 

(a) Loan Documents. The Administrative Agent shall have received each of the following, each of which shall be in form and substance
satisfactory to the Administrative Agent: 
 (i) this Agreement, executed and delivered by the Administrative Agent, Holdings, the Borrower
and each Lender listed on Schedule 1.1A; 
 (ii) the Collateral Information Certificate executed by a Responsible Officer of
Holdings; 
 (iii) if required by any Revolving Lender, a Revolving Loan Note executed by the Borrower in favor of such Revolving Lender;

 (iv) if required by the Swingline Lender, the Swingline Loan Note executed by the Borrower in favor of such Swingline Lender; 

(v) the Guarantee and Collateral Agreement, executed and delivered by each Grantor named therein; 

(vi) each other Security Document, executed and delivered by the applicable Loan Party party thereto; 

(vii) a completed Compliance Certificate dated as of the last day of the fiscal month of Holdings ended on May 31, 2019; 

(viii) a completed Borrowing Base Certificate dated as of the Closing Date; and 

  
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 (ix) the Flow of Funds Agreement, approved by the Borrower. 

(b) Projected Pro Forma Financial Statements; Financial Statements; Projections. The Lenders shall have received the Projected Pro Forma
Financial Statements and the other Financial Statements set forth in Section 4.1. 
 (c) Approvals. Except for the Governmental
Approvals described on Schedule 4.4, all Governmental Approvals and consents and approvals of, or notices to, any other Person (including the holders of any Capital Stock issued by any Loan Party) required in connection with the execution and
performance of the Loan Documents, and the consummation of the transactions contemplated hereby, shall have been obtained and be in full force and effect. 

(d) Secretary’s or Managing Member’s Certificates; Certified Operating Documents; Good Standing Certificates. The
Administrative Agent shall have received (i) a certificate of each Loan Party, dated the Closing Date and executed by the Secretary, Managing Member or equivalent officer of such Loan Party, substantially in the form of Exhibit C, with
appropriate insertions and attachments, including (A) the Operating Documents of such Loan Party, (B) the relevant board resolutions or written consents of such Loan Party adopted by such Loan Party for the purposes of authorizing such
Loan Party to enter into and perform the Loan Documents to which such Loan Party is party and (C) the names, titles, incumbency and signature specimens of those representatives of such Loan Party who have been authorized by such resolutions
and/or written consents to execute Loan Documents on behalf of such Loan Party, and (ii) a good standing certificate for each Loan Party from its respective jurisdiction of organization and the State of California. 

(e) Responsible Officer’s Certificates. 

(i) The Administrative Agent shall have received a certificate signed by a Responsible Officer of Holdings, in form and substance reasonably
satisfactory to it, either (A) attaching copies of all consents, licenses and approvals required in connection with the execution, delivery and performance by such Loan Party and the validity against such Loan Party of the Loan Documents to
which it is party, and such consents, licenses and approvals shall be in full force and effect, or (B) stating that no such consents, licenses or approvals are so required. 

(ii) The Administrative Agent shall have received a certificate signed by a Responsible Officer of Holdings, dated as of the Closing Date and
in form and substance reasonably satisfactory to it, certifying (A) that the conditions specified in Sections 5.2(a) and (d) have been satisfied, and (B) that there has been no event or circumstance since June 30,
2018, that has had or that could reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect. 
 (f)
Patriot Act, etc. The Administrative Agent and each Lender shall have received, prior to the Closing Date, all documentation and other information requested to comply with applicable “know your customer” and anti-money-laundering
rules and regulations, including the Patriot Act, and a properly completed and signed IRS Form W-8 or W-9, as applicable, for each Loan Party. 

(g) Due Diligence Investigation. The Administrative Agent shall have completed a due diligence investigation of the Borrower and its
Subsidiaries in scope, and with results, reasonably satisfactory to the Administrative Agent and shall have been given such access to the management, records, books of account, contracts and properties of Holdings and its Subsidiaries and shall have
received such financial, business and other information regarding each of the foregoing Persons and businesses as it shall have reasonably requested. 

  
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 (h) Reports. The Administrative Agent shall have received, in form and substance
reasonably satisfactory to it, all asset appraisals, field audits, and such other reports and certifications, as it has reasonably requested. 

(i) Existing Credit Facility, Etc. (A) The Administrative Agent shall have received a duly executed copy of the Payoff Letter, and
(B) all obligations of the Group Members in respect of the Existing Credit Facility shall, substantially contemporaneously with the funding of the Loan proceeds on the Closing Date have been paid in full. 

(j) Collateral Matters. 

(i) Lien Searches. The Administrative Agent shall have received the results of recent lien, judgment and litigation searches in each of
the jurisdictions reasonably required by the Administrative Agent, and such searches shall reveal no liens on any of the assets of the Loan Parties except for Liens permitted by Section 7.3, or Liens to be discharged on or
prior to the Closing Date. 
 (ii) Pledged Stock; Stock Powers; Pledged Notes. The Administrative Agent shall have received
(A) the certificates representing the shares of Capital Stock pledged to the Administrative Agent (for the benefit of the Secured Parties) pursuant to the Guarantee and Collateral Agreement, together with an undated stock power for each such
certificate executed in blank by a duly authorized officer of the pledgor thereof, and (B) each promissory note (if any) pledged to the Administrative Agent (for the benefit of the Secured Parties) pursuant to the Guarantee and Collateral
Agreement, endorsed (without recourse) in blank (or accompanied by an executed transfer form in blank) by the pledgor thereof. 
 (iii)
Filings, Registrations, Recordings, Agreements, Etc. Subject to the provisions of Section 5.3, each document (including any UCC financing statements) required by the Security Documents or under law or reasonably
requested by the Administrative Agent to be filed, registered or recorded to create in favor of the Administrative Agent (for the benefit of the Secured Parties), a perfected Lien on the Collateral described therein, prior and superior in right and
priority to any Lien in the Collateral held by any other Person (other than with respect to Liens expressly permitted by Section 7.3), shall have been executed and delivered to the Administrative Agent or, as applicable, be
in proper form for filing, registration or recordation. 
 (k) Insurance. The Administrative Agent shall have received evidence of
customary insurance naming the Administrative Agent as an additional insured and/or lender loss payee, as the case may be, under all property and liability insurance policies maintained with respect to the Collateral, except to the extent permitted
to be delivered after the Closing Date under Section 5.3(b). 
 (l) Fees. The Lenders and the Administrative
Agent shall have received all fees required to be paid on or prior to the Closing Date (including pursuant to the Fee Letter), and all reasonable and documented fees and expenses for which invoices have been presented (including the reasonable and
documented fees and expenses of legal counsel to the Administrative Agent) for payment on or before the Closing Date. 
 (m) Legal
Opinions. The Administrative Agent shall have received the executed legal opinion of Orrick, Herrington & Sutcliffe LLP, counsel to the Loan Parties, in form and substance reasonably satisfactory to the Administrative Agent. 

  
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 (n) Borrowing Notices. The Administrative Agent shall have received , in respect of
any Revolving Loans to be made on the Closing Date, a completed Notice of Borrowing executed by the Borrower and otherwise complying with the requirements of Section 2.5. 

(o) Solvency Certificate. The Administrative Agent shall have received a Solvency Certificate from the chief financial officer or
treasurer of Holdings. 
 (p) No Material Adverse Effect. There shall not have occurred since June 30, 2018, any event or
condition that has had or could be reasonably expected to have, individually or in the aggregate, a Material Adverse Effect. 
 (q) No
Litigation. No litigation, investigation or proceeding of or before any arbitrator or Governmental Authority is pending or, to the knowledge of any Group Member, threatened, that could reasonably be expected to have a Material Adverse Effect.

 For purposes of determining compliance with the conditions specified in this Section 5.1, each Lender that has
executed this Agreement shall be deemed to have consented to, approved or accepted or to be satisfied with, each document or other matter either sent (or made available) by the Administrative Agent to such Lender for consent, approval, acceptance or
satisfaction, or required thereunder to be consented to or approved by or acceptable or satisfactory to such Lender, unless an officer of the Administrative Agent responsible for the transactions contemplated by the Loan Documents shall have
received notice from such Lender prior to the Closing Date specifying such Lender’s objection thereto and either such objection shall not have been withdrawn by notice to the Administrative Agent to that effect on or prior to the Closing Date.

 5.2 Conditions to Each Extension of Credit. The agreement of each Lender to make any extension of credit requested to be
made by it on any date (including its initial extension of credit) is subject to the satisfaction of the following conditions precedent: 

(a) Representations and Warranties. Each of the representations and warranties made by each Loan Party in or pursuant to any Loan
Document (i) that is qualified by materiality shall be true and correct, and (ii) that is not qualified by materiality, shall be true and correct in all material respects, in each case, on and as of such date as if made on and as of such
date, except to the extent any such representation and warranty expressly relates to an earlier date, in which case such representation and warranty shall have been true and correct in all material respects as of such earlier date. 

(b) Availability. With respect to any requests for any Revolving Extensions of Credit, after giving effect to such Revolving Extension
of Credit, the availability and borrowing limitations specified in Section 2.4 shall be complied with. 
 (c)
Notices of Borrowing. The Administrative Agent shall have received a Notice of Borrowing in connection with any such request for extension of credit which complies with the requirements hereof. 

(d) No Default. No Default or Event of Default shall have occurred and be continuing as of or on such date or after giving effect to the
extensions of credit requested to be made on such date. 
 Each borrowing by and issuance of a Letter of Credit on behalf of the Borrower
hereunder and each Revolving Loan Conversion shall constitute a representation and warranty by the Borrower as of the date of such extension of credit, or Revolving Loan Conversion, as applicable, that the conditions contained in this
Section 5.2 have been satisfied. 

  
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 5.3 Post-Closing Conditions Subsequent. The Borrower shall satisfy each of the
conditions subsequent to the Closing Date specified in this Section 5.3 to the reasonable satisfaction of the Administrative Agent, in each case, by no later than the date specified for such condition below (or such
later date as the Administrative Agent shall agree in its sole but reasonable discretion): 
 (a) Within thirty (30) days after the
Closing Date, the Loan Parties shall have delivered Control Agreements with respect to each Deposit Account or Securities Account (other than Deposit Accounts maintained with SVB, Excluded Accounts (as defined in the Guarantee and Collateral
Agreement), and Deposit Accounts and Securities Accounts not required to be subject to a Control Agreement pursuant to Section 6.10). 

(b) Within thirty (30) days after the Closing Date, the Loan Parties shall have delivered evidence of customary insurance naming the
Administrative Agent as an additional insured and/or lender loss payee, as the case may be, under all property and liability insurance policies maintained with respect to the Collateral, in each case, in form and substance reasonably satisfactory to
the Administrative Agent. 
 (c) Within thirty (30) days after the Closing Date, the Loan Parties shall have used commercially
reasonable efforts to deliver any landlord’s agreement or bailee letter required under Section 6.12(e). 

SECTION 6 
 AFFIRMATIVE
COVENANTS 
 Holdings and the Borrower hereby jointly and severally agree that, at all times prior to the Discharge of Obligations, each
of the Loan Parties shall, and, where applicable, shall cause each of its Subsidiaries to: 
 6.1 Financial Statements. Furnish
to the Administrative Agent for distribution to each Lender: 
 (a) as soon as available, but in any event within one hundred twenty
(120) days (or after a Qualified IPO, ninety (90) days) after the end of each fiscal year of Holdings, a copy of the audited consolidated balance sheet of Holdings and its consolidated Subsidiaries as at the end of such fiscal year and the
related audited consolidated statements of income and of cash flows for such fiscal year, setting forth in each case in comparative form the figures for the previous year, reported on without a “going concern” (other than with respect to
the impending maturity of the Loans) or like qualification or exception, or qualification arising out of the scope of the audit, by Ernst &Young, LLP or other independent certified public accountants of nationally recognized standing and
reasonably acceptable to the Administrative Agent; and 
 (b) (i) prior to a Qualified IPO, as soon as available, but in any event not
later than thirty (30) days after the end of each month occurring during each fiscal year of Holdings, the unaudited consolidated balance sheet of Holdings and its consolidated Subsidiaries as at the end of such month and the related unaudited
consolidated statements of income and of cash flows for such month and the trailing twelve (12) months, setting forth in each case in comparative form the figures for the previous year, certified by a Responsible Officer of Holdings as being
fairly stated in all material respects (subject to normal year-end audit adjustments and the absence of year-end audit footnotes) and (ii) after a Qualified IPO,
(A) as soon as available, but in any event not later than forty five (45) days after the end of each 

  
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quarter occurring during each fiscal year of Holdings, the unaudited consolidated balance sheet of Holdings and its consolidated Subsidiaries as at the end of such quarter and the related
unaudited consolidated statements of income and of cash flows for such month and the trailing twelve (12) months, setting forth in each case in comparative form the figures for the previous year, certified by a Responsible Officer of Holdings
as being fairly stated in all material respects (subject to normal year-end audit adjustments and the absence of year-end audit footnotes), and (iii) as soon as
available, but in any event not later than five (5) Business Days after the end of each month, a report demonstrating in reasonable detail the Cash Balance as of the last Business Day of such month. 

All such financial statements shall be complete and correct in all material respects (subject, in the case of unaudited financial statements,
to normal year-end audit adjustments and the absence of year-end audit footnotes) and shall be prepared in reasonable detail and in accordance with GAAP applied (except
as approved by such accountants or officer, as the case may be, and disclosed in reasonable detail therein) consistently throughout the periods reflected therein and with prior periods. 

6.2 Certificates; Reports; Other Information. Furnish (or, in the case of clause (a), use commercially reasonable efforts to
furnish) to the Administrative Agent, for distribution to each Lender (or, in the case of clause (k), to the relevant Lender): 
 (a)
[reserved]; 
 (b) concurrently with the delivery of any financial statements pursuant to Section 6.1, (i) a
certificate of a Responsible Officer of Holdings stating that, to the best of such Responsible Officer’s knowledge, each Loan Party during such period has observed or performed all of its covenants and other agreements, and satisfied every
condition contained in this Agreement and the other Loan Documents to which it is a party to be observed, performed or satisfied by it, and that such Responsible Officer has obtained no knowledge of any Default or Event of Default except as
specified in such certificate, (ii) in the case of financial statements delivered pursuant to Section 6.1(b), (x) a Compliance Certificate containing all information and calculations necessary for determining
compliance by each Loan Party with the provisions of this Agreement referred to therein as of the last day of the applicable fiscal period of Holdings, and (y) to the extent not previously disclosed to the Administrative Agent, a description of
any change in the jurisdiction of organization of any Loan Party since the date of the most recent report delivered pursuant to this clause (y) (or, in the case of the first such report so delivered, since the Closing Date), and (iii) in the
case of financial statements delivered pursuant to Section 6.1(a), a report of a reputable insurance broker with respect to the insurance coverage required to be maintained pursuant to Section 6.6,
together with any supplemental reports with respect thereto which the Administrative Agent may reasonably request; 
 (c) as soon as
available, and in any event no later than sixty (60) days after the end of each fiscal year of Holdings, a detailed consolidated budget for the following fiscal year approved by the board of directors or management of Holdings (including a
projected consolidated balance sheet of Holdings and its Subsidiaries as of the end of each fiscal quarter of such fiscal year, the related consolidated statements of projected cash flow, projected changes in financial position and projected income
and a description of the underlying assumptions applicable thereto), and, as soon as available, significant revisions, if any, of such budget and projections with respect to such fiscal year (collectively, the “Projections”),
which Projections shall in each case be accompanied by a certificate of a Responsible Officer of Holdings stating that such Projections are based on reasonable estimates, information and assumptions and that such Responsible Officer has no reason to
believe that such Projections are incorrect or misleading in any material respect; 

  
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 (d) promptly, and in any event within five (5) Business Days after receipt thereof by
any Loan Party or any Subsidiary thereof, copies of each notice or other correspondence received from the SEC (or comparable agency in any applicable non-U.S. jurisdiction) concerning any investigation or
possible investigation or other inquiry by such agency regarding financial or other operational results of any Loan Party or any Subsidiary thereof (other than routine comment letters from the staff of the SEC relating to Holdings’ filings with
the SEC); 
 (e) within five (5) Business Days after the same are sent, copies of each annual report, proxy or financial statement or
other material report that Holdings or the Borrower sends to the holders of any class of any Group Member’s debt securities or public equity securities and, within five (5) Business Days after the same are filed, copies of all annual, regular,
periodic and special reports and registration statements (other than registration statements filed on a confidential basis) which Holdings or the Borrower may file with the SEC under Section 13 or 15(d) of the Exchange Act, or with any national
securities exchange, and not otherwise required to be delivered to the Administrative Agent pursuant hereto; 
 (f) upon reasonable request
by the Administrative Agent, within five (5) Business Days after the same are sent or received, copies of all correspondence, reports, documents and other filings with any Governmental Authority regarding compliance with or maintenance of
Governmental Approvals or Requirements of Law or that could reasonably be expected to have a Material Adverse Effect on any of the Governmental Approvals or otherwise on the operations of the Group Members; 

(g) not later than thirty (30) days after the end of each month, (i) a Borrowing Base Certificate accompanied by such supporting
detail and documentation as shall be requested by the Administrative Agent in its reasonable discretion, (ii) accounts receivable agings, aged by invoice date, (iii) accounts payable agings, aged by invoice date and outstanding or held
check registers, (iv) SaaS and recurring revenue metrics reports, and (v) deferred revenue schedule; 
 (h) [reserved]; 

(i) [reserved]; 
 (j) [reserved];
and 
 (k) promptly, such additional financial and other information as the Administrative Agent or any Lender may from time to time
reasonably request with respect to Holdings and its Subsidiaries. 
 6.3 Collections. 

The Borrower shall have the right to collect all Accounts unless and until a Default or Event of Default has occurred and is continuing. The
Borrower shall hold all payments on, and proceeds of, its Accounts in trust for the Administrative Agent, and, if requested by the Administrative Agent after the occurrence and during the continuance of a Default or Event of Default, the Borrower
shall immediately deliver all such payments and proceeds to the Administrative Agent in their original form, duly endorsed. The Borrower shall deposit all proceeds of such Accounts into one or more lockbox accounts, or such other “blocked
accounts” as the Administrative Agent may specify. Any such amounts actually paid to or collected by the Administrative Agent pursuant to this Section 6.3 may, in the discretion of the Administrative Agent, or at the
direction of the Required Lenders, shall, be applied by the Administrative Agent to the Obligations at any time during which an Event of Default has occurred and is continuing, as provided by the terms of this Agreement and the Guarantee and
Collateral Agreement. Absent an Event of Default, such proceeds shall be transferred to an operating account that the Borrower maintains with the Administrative Agent. 

  
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 6.4 Payment of Obligations. Pay, discharge or otherwise satisfy at or before maturity
or before they become delinquent, as the case may be, all its material obligations of whatever nature, except where the amount or validity thereof is currently being contested in good faith by appropriate proceedings and reserves in
conformity with GAAP with respect thereto have been provided on the books of the relevant Group Member. 
 6.5 Maintenance of Existence;
Compliance. (a)(i) Preserve, renew and keep in full force and effect its organizational existence and (ii) take all reasonable action to maintain or obtain all Governmental Approvals and all other rights, privileges and franchises
necessary in the normal conduct of its business or necessary for the performance by such Person of its Obligations under any Loan Document, except, in each case, as otherwise permitted by Section 7.4 and except, in the case
of clause (ii) above, to the extent that failure to do so could not reasonably be expected to have a Material Adverse Effect; (b) comply with all Contractual Obligations (including with respect to leasehold interests of the Borrower) and
Requirements of Law except to the extent that failure to comply therewith could not, in the aggregate, reasonably be expected to have a Material Adverse Effect; and (c) comply with all Governmental Approvals, and any term, condition, rule,
filing or fee obligation, or other requirement related thereto, except to the extent that failure to do so could not reasonably be expected to have a Material Adverse Effect. Without limiting the generality of the foregoing, the Borrower shall, and
shall cause each of its ERISA Affiliates to: (1) maintain each Plan in compliance in all material respects with the applicable provisions of ERISA, the Code or other Federal or state law; (2) cause each Qualified Plan to maintain its
qualified status under Section 401(a) of the Code; (3) make all required contributions to any Plan; (4) not become a party to any Multiemployer Plan; (5) ensure that all liabilities under each Plan are either (x) funded to
at least the minimum level required by law or, if higher, to the level required by the terms governing such Plan; (y) insured with a reputable insurance company; or (z) provided for or recognized in the financial statements most recently
delivered to the Administrative Agent and the Lenders pursuant hereto; and (6) ensure that the contributions or premium payments to or in respect of each Plan are and continue to be promptly paid at no less than the rates required under the
rules of such Plan and in accordance with the most recent actuarial advice received in relation to such Plan and applicable law. 
 6.6
Maintenance of Property; Insurance. (a) Keep all property necessary in its business in good working order and condition, ordinary wear and tear excepted, (b) maintain with financially sound and reputable insurance companies
insurance on all its property in at least such amounts and against at least such risks (but including in any event public liability, product liability and business interruption) as are usually insured against in the same general area by companies
engaged in the same or a similar business, and (c) maintain flood insurance on all real property subject to a Mortgage as required under Section 6.12(b). 

6.7 Inspection of Property; Books and Records; Discussions. (a) Keep proper books of records and account in which full, true
and correct entries in conformity with GAAP and all Requirements of Law shall be made of all dealings and transactions in relation to its business and activities and (b) on three 3 Business Days’ notice (provided that no notice shall be
required if an Event of Default has occurred and is continuing) permit representatives and independent contractors of the Administrative Agent on behalf of the Lenders to visit and inspect any of its properties and examine and make abstracts from
any of its books and records at any reasonable time during normal business hours and to discuss the business, operations, properties and financial and other condition of the Group Members with officers, directors and employees of the Group Members
and with their independent certified public accountants; provided that such inspections shall not be undertaken more frequently than once every twelve (12) months unless an Event of Default has occurred and is continuing. 

  
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 6.8 Notices. Give prompt written notice to the Administrative Agent of: 

(a) the occurrence of any Default or Event of Default; 

(b) any (i) default or event of default under any Contractual Obligation of any Group Member or (ii) litigation, investigation or
proceeding that may exist at any time between any Group Member and any Governmental Authority, that in either case, if not cured or if adversely determined, as the case may be, could reasonably be expected to have a Material Adverse Effect; 

(c) any litigation or proceeding affecting any Group Member (i) in which the amount involved is $500,000 or more and not covered by
insurance, (ii) in which injunctive or similar relief is sought against any Group Member, which, if granted, could reasonably be expected to have a Material Adverse Effect or (iii) which relates to any Loan Document; 

(d) (i) promptly after the Borrower has knowledge or becomes aware of the occurrence of any of the following ERISA Events affecting the
Borrower or any ERISA Affiliate (but in no event more than ten (10) days after such event), the occurrence of any of the following ERISA Events, and shall provide the Administrative Agent with a copy of any notice with respect to such event
that may be required to be filed with a Governmental Authority and any notice delivered by a Governmental Authority to the Borrower or any ERISA Affiliate with respect to such event: (A) an ERISA Event, (B) the adoption of any new Pension Plan
by the Borrower or any ERISA Affiliate, (C) the adoption of any amendment to a Pension Plan, if such amendment will result in a material increase in contribution obligations or unfunded benefit liabilities (as defined in
Section 4001(a)(18) of ERISA), or (D) the commencement of contributions by the Borrower or any ERISA Affiliate to any Plan that is subject to Title IV of ERISA or Section 412 of the Code; and 

(ii) (A) promptly after the giving, sending or filing thereof, or the receipt thereof, copies of (1) each Schedule B (Actuarial
Information) to the annual report (Form 5500 Series) filed by the Borrower or any of its ERISA Affiliates with the IRS with respect to each Pension Plan, (2) all notices received by the Borrower or any of its ERISA Affiliates from a Multiemployer
Plan sponsor concerning an ERISA Event, and (3) copies of such other documents or governmental reports or filings relating to any Pension Plan or Multiemployer Plan as the Administrative Agent shall reasonably request; and (B), without limiting
the generality of the foregoing, such certifications or other evidence of compliance with the provisions of Sections 4.13 and 7.9 as any Lender (through the Administrative Agent) may from time to time reasonably request; 

(e) unless a Loan Party is a public company or an issuer of securities that are registered with the SEC under Section 12 of the Exchange
Act or that is required to file reports under Section 15(d) of the Exchange Act, any changes to the beneficial ownership information set forth in item 37 of the Collateral Information Certificate in the event that (A) any individual shall
become the owner, directly or indirectly, of 25% or more of the equity interests of Holdings or (B) the individual identified in the Beneficial Ownership Information section of the Collateral Information Certificate delivered on the Closing
Date shall no longer be an individual with significant responsibility for managing the Group Members. The Loan Parties understand and acknowledge that the Secured Parties rely on such true, accurate and up-to-date beneficial ownership information to meet their regulatory obligations to obtain, verify and record information about the beneficial owners of its legal entity customers; 

(f) any material change in accounting policies or financial reporting practices by any 

Loan Party; 
 (g) the occurrence of any Covenant
Trigger Event; and 

  
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 (h) any development or event that has had or could reasonably be expected to have a Material
Adverse Effect. 
 Each notice pursuant to this Section 6.8 shall be accompanied by a statement of a Responsible
Officer of Holdings or the Borrower setting forth details of the occurrence referred to therein and stating what action the relevant Group Member proposes to take with respect thereto. 

6.9 Environmental Laws. 

(a) Except as could not reasonably be expected to result in a Material Adverse Effect, comply with, and ensure compliance by all tenants and
subtenants, if any, with, all applicable Environmental Laws, and obtain and comply with and maintain, and ensure that all tenants and subtenants obtain and comply with and maintain, any and all licenses, approvals, notifications, registrations or
permits required by applicable Environmental Laws. 
 (b) Except as could not reasonably be expected to result in a Material Adverse Effect,
conduct and complete all investigations, studies, sampling and testing, and all remedial, removal and other actions required under Environmental Laws and promptly comply with all lawful orders and directives of all Governmental Authorities regarding
Environmental Laws. 
 6.10 Operating Accounts. Except as agreed to by the Administrative Agent in its sole discretion,
Holdings and its Subsidiaries shall maintain (a) all domestic collection and operating accounts with SVB or with SVB’s Affiliates and (b) at least 50% of all aggregate cash and Cash Equivalents of Holdings and its Subsidiaries in
accounts with SVB, another Lender, or their respective Affiliates (subject to a Control Agreement unless maintained with SVB). Holdings and its Subsidiaries may maintain up to the greater of (a) $1,000,000 and (b) 15% of all aggregate cash and Cash
Equivalents in accounts not with SVB or subject to a Control Agreement with any other financial institution engaged in banking services in the ordinary of business. 

6.11 Audits. At reasonable times, on three (3) Business Days’ notice (provided that no notice is required
if an Event of Default has occurred and is continuing), the Administrative Agent, or its agents, shall have the right to inspect the Collateral and the right to audit and copy any and all of any Loan Party’s books and records including ledgers,
federal and state tax returns, records regarding assets or liabilities, the Collateral, business operations or financial condition, and all computer programs or storage or any equipment containing such information. The foregoing inspections and
audits shall be at the Borrower’s expense, and the charge therefor shall be $1,000 per person per day (or such higher amount as shall represent the Administrative Agent’s then-current standard charge for the same), plus reasonable out-of-pocket expenses Such inspections and audits shall not be undertaken more frequently than once every 12 months, unless an Event of Default has occurred and is
continuing. In the event the Borrower and the Administrative Agent schedule an audit more than ten (10) days in advance, and the Borrower cancels or seeks to or reschedules the audit with less than ten (10) days written notice to the
Administrative Agent (without limiting any of the Administrative Agent’s rights or remedies) then the Borrower shall pay the Administrative Agent a fee of $1,000 plus any out of pocket expenses incurred by the Administrative Agent to compensate
the Administrative Agent for the anticipated costs and expenses of the cancellation or rescheduling. 

  
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 6.12 Additional Collateral, Etc. 

(a) With respect to any property (to the extent included in the definition of Collateral and not constituting Excluded Assets (as defined in
the Guarantee and Collateral Agreement)) acquired after the Closing Date by any Loan Party (other than (x) any property described in paragraph (b), (c) or (d) below, and (y) any property subject to a Lien expressly permitted by
Section 7.3(g)) as to which the Administrative Agent, for the benefit of the Secured Parties, does not have a perfected Lien, promptly (and in any event within three (3) Business Days or such later date as the
Administrative Agent may agree in its sole discretion) take all actions necessary or advisable in the reasonable opinion of the Administrative Agent to grant to the Administrative Agent, for the benefit of the Secured Parties, a perfected first
priority (except as expressly permitted by Section 7.3) security interest and Lien in such property, including the filing of Uniform Commercial Code financing statements in such jurisdictions as may be required by the
Guarantee and Collateral Agreement or by law or as may be requested by the Administrative Agent. 
 (b) With respect to any fee interest in
any real property having a fair market value (together with improvements thereof) of at least $2,000,000 acquired after the Closing Date by any Loan Party (other than any such real property subject to a Lien expressly permitted by
Section 7.3(g)), promptly (and in any event within sixty (60) days (or such longer time period as the Administrative Agent may agree in its sole discretion)) after such acquisition, to the extent requested by the
Administrative Agent, (i) execute and deliver a first priority Mortgage, in favor of the Administrative Agent, for the benefit of the Secured Parties, covering such real property, (ii) if requested by the Administrative Agent, provide the
Lenders with title and extended coverage insurance covering such real property in an amount at least equal to the purchase price of such real property or such greater amount as shall be reasonably specified by the Borrower as well as a current ALTA
survey thereof, together with a surveyor’s certificate, each of the foregoing in form and substance reasonably satisfactory to the Administrative Agent and (iii) if requested by the Administrative Agent, deliver to the Administrative Agent
legal opinions relating to the matters described above, which opinions shall be in form and substance, and from counsel, reasonably satisfactory to the Administrative Agent. In connection with the foregoing, no later than five (5) Business Days
prior to the date on which a Mortgage is executed and delivered pursuant to this Section 6.12, in order to comply with the Flood Laws, the Administrative Agent (for delivery to each Lender) shall have received the following
documents (collectively, the “Flood Documents”): (A) a completed standard “life of loan” flood hazard determination form (a “Flood Determination Form”) and such other documents as any Lender
may reasonably request to complete its flood due diligence, (B) if the improvement(s) to the applicable improved real property is located in a special flood hazard area, a notification to the applicable Loan Party (if applicable)
(“Loan Party Notice”) that flood insurance coverage under the National Flood Insurance Program (“NFIP”) is not available because the community does not participate in the NFIP, (C) documentation
evidencing the applicable Loan Party’s receipt of any such Loan Party Notice (e.g., countersigned Loan Party Notice, return receipt of certified U.S. Mail, or overnight delivery), and (D) if the Loan Party Notice is required to be given
and, to the extent flood insurance is required by any applicable Requirement of Law or any Lenders’ written regulatory or compliance procedures and flood insurance is available in the community in which the property is located, a copy of one of
the following: the flood insurance policy, the applicable Loan Party’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 that complies with all applicable laws and regulations reasonably satisfactory to the Administrative Agent and each Lender (any of the foregoing being “Evidence of Flood Insurance”). Notwithstanding
anything contained herein to the contrary, no Mortgage will be executed and delivered until each Lender has confirmed to the Administrative Agent that such Lender has satisfactorily completed its flood insurance due diligence and
compliance requirements. 
 (c) With respect to any new Subsidiary (other than an Excluded Subsidiary) created or acquired after the Closing
Date by any Loan Party (including pursuant to a Permitted Acquisition), any Subsidiary formed by a Division or if an Excluded Subsidiary ceases to qualify as an Excluded Subsidiary, then except to the extent compliance with this
Section 6.12 is prohibited by existing Contractual Obligations (so long as such prohibition is not incurred in contemplation of such acquisition or the obligations hereunder) or Requirements of Law binding on such
Subsidiary or its properties, 

  
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promptly (i) execute and deliver to the Administrative Agent such amendments to the Guarantee and Collateral Agreement as the Administrative Agent reasonably deems necessary or advisable to
grant to the Administrative Agent, for the benefit of the Secured Parties, a perfected first priority security interest in the Capital Stock of such Subsidiary that is owned directly by such Loan Party, (ii) deliver to the Administrative Agent
such documents and instruments as may reasonably be required to grant, perfect, protect and ensure the priority of such security interest, including but not limited to, the certificates representing such Capital Stock (if applicable), together with
undated stock powers, in blank, executed and delivered by a duly authorized officer of the relevant Loan Party, (iii) cause such Subsidiary (A) to become a party to the Guarantee and Collateral Agreement, (B) to take such actions as
are necessary or advisable in the reasonable opinion of the Administrative Agent to grant to the Administrative Agent for the benefit of the Secured Parties a perfected first priority security interest in the Collateral described in the Guarantee
and Collateral Agreement, with respect to such Subsidiary, including the filing of Uniform Commercial Code financing statements in such jurisdictions as may be required by the Guarantee and Collateral Agreement or by law or as may be reasonably
requested by the Administrative Agent and (C) to deliver to the Administrative Agent a certificate of such Subsidiary, in a form reasonably satisfactory to the Administrative Agent, with appropriate insertions and attachments, and (iv) if
requested by the Administrative Agent, deliver to the Administrative Agent legal opinions relating to the matters described above, which opinions shall be in form and substance, and from counsel, reasonably satisfactory to the Administrative Agent;
it being agreed that if such Subsidiary is formed by a Division, the foregoing requirements shall be satisfied substantially concurrently with the formation of such Subsidiary. 

(d) With respect to any new direct Foreign Subsidiary that is an Excluded Subsidiary but not an Immaterial Subsidiary or any new direct Foreign
Subsidiary Holding Company that is an Excluded Subsidiary but not an Immaterial Subsidiary created or acquired after the Closing Date by any Loan Party, then except to the extent compliance with this Section 6.12 (x) is
prohibited by existing Contractual Obligations (so long as such prohibition is not incurred in contemplation of such acquisition or the obligations hereunder) or Requirements of Law binding on such Subsidiary or its properties, or (y) could
reasonably be expected to result in liability to the directors or officers of any such Foreign Subsidiary under applicable Requirements of Law, promptly (i) execute and deliver to the Administrative Agent such amendments to the Guarantee and
Collateral Agreement, as the Administrative Agent deems necessary or advisable to grant to the Administrative Agent, for the benefit of the Secured Parties, a perfected first priority security interest in the Capital Stock of such new Foreign
Subsidiary or Foreign Subsidiary Holding Company that is directly owned by any such Loan Party (provided that in no event shall more than 65% of the total outstanding voting Capital Stock of any such new Foreign Subsidiary or Foreign
Subsidiary Holding Company be required to be so pledged) and (ii) deliver to the Administrative Agent the certificates representing such Capital Stock (if certificated), together with undated stock powers, in blank, executed and delivered by a
duly authorized officer of the relevant Loan Party, and take such other action (including, as applicable, the delivery of any foreign law pledge documents reasonably requested by the Administrative Agent) as may be necessary or, in the opinion of
the Administrative Agent, desirable to perfect the Administrative Agent’s security interest therein. 
 (e) At the request of the
Administrative Agent, each Loan Party shall use commercially reasonable efforts to obtain a landlord’s agreement or bailee letter, as applicable, from the lessor of each leased property or bailee with respect to any warehouse, processor or
converter facility or other location in the United States where Collateral having a book value exceeding $1,000,000 is stored or located, which agreement or letter shall contain a waiver or subordination of all Liens or claims that the landlord or
bailee may assert against the Collateral at that location, and shall otherwise be reasonably satisfactory in form and substance to the Administrative Agent. After the Closing Date, no Collateral with a value in excess of $1,000,000 shall be stored
at any new location, without the prior written consent of the Administrative Agent unless and until a reasonably satisfactory landlord agreement or bailee letter, as appropriate, shall first have been obtained with respect to such location. Each
Group Member shall pay and perform its material obligations under all leases and other agreements with respect to each leased location or public warehouse where any Collateral is or may be located. 

  
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 (f) Notwithstanding the foregoing, (i) in the case of Foreign Subsidiaries, all
guarantees and security shall be subject to any applicable general mandatory statutory limitations, fraudulent preference, equitable subordination, foreign exchange laws or regulations (or analogous restrictions), transfer pricing or “thin
capitalization” rules, earnings stripping, exchange control restrictions, applicable maintenance of capital, retention of title claims, employee consultation or approval requirements, corporate benefit, financial assistance, protection of
liquidity, and similar laws, rules and regulations and customary guarantee limitation language in the relevant jurisdiction; provided that the relevant Group Member shall use commercially reasonable endeavors to overcome such limitations (including
by way of debt pushdown or seeking requisite approvals), and (ii) Subsidiaries may be excluded from the guarantee requirements in circumstances where (1) the Borrower and the Administrative Agent reasonably agree that the cost or other
consequence of providing such a guarantee is excessive in relation to the value afforded thereby or (2) in the case of Foreign Subsidiaries, such requirements would contravene any legal prohibition, could reasonably be expected to result in any
violation or breach of, or conflict with, fiduciary duties or result in a risk of personal or criminal liability on the part of any officer, director, member or manager of such Subsidiary; provided that the relevant Loan Party shall use commercially
reasonable endeavors to overcome such limitations. As a result of the limitations in clause (i) above, the Administrative Agent may elect to waive the requirement to cause a Group Member to become a Guarantor hereunder and such Group Member
shall not be a Loan Party for any purposes hereof. 
 6.13 [Reserved]. 

6.14 Use of Proceeds. Use the proceeds of each credit extension only for the purposes specified in
Section 4.16. 
 6.15 Designated Senior Indebtedness. Cause the Loan Documents and all of the Obligations
to be deemed “Designated Senior Indebtedness” or a similar concept thereto, if applicable, for purposes of any Indebtedness of the Loan Parties. 

6.16 Anti-Corruption Laws. Conduct its business in compliance in all material respects with all applicable anti-corruption laws
and maintain policies and procedures designated to promote and achieve compliance with such laws. 
 6.17 Further Assurances. Execute
any further instruments and take such further action as the Administrative Agent reasonably deems necessary to perfect, protect, ensure the priority of or continue the Administrative Agent’s Lien on the Collateral or to effect the
purposes of this Agreement. 
 SECTION 7 

NEGATIVE COVENANTS 

Holdings and the Borrower hereby jointly and severally agree that, at all times prior to the Discharge of Obligations, no Loan Party shall,
nor shall any Loan Party permit any of its respective Subsidiaries to, directly or indirectly: 

  
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 7.1 Financial Condition Covenants. During any Covenant Testing Period, permit the
Net Revenue for any fiscal quarter to be less than the applicable minimum Net Revenue set forth opposite such fiscal quarter: 
  

					
	 Fiscal Quarter Ending
	  	Minimum Net Revenue	 
	 June 30, 2019
	  	$	23,486,000	 
	 September 30, 2019
	  	$	25,286,000	 
	 December 31, 2019
	  	$	27,227,000	 
	 March 31, 2020
	  	$	29,688,000	 
	 June 30, 2020
	  	$	31,832,000	 
	 September 30, 2020
	  	$	33,462,000	 
	 December 31, 2020
	  	$	35,701,000	 
	 March 31, 2021
	  	$	37,942,000	 
	 June 30, 2021
	  	$	41,328,000	 
	 September 30, 2021
	  	$	44,245,000	 
	 December 31, 2021
	  	$	46,630,000	 
	 March 31, 2022
	  	$	47,428,000	 
	 June 30, 2022
	  	$	49,594,000	 

 7.2 Indebtedness. Create, issue, incur, assume, become liable in respect of or suffer to exist
any Indebtedness, except: 
 (a) Indebtedness of any Loan Party pursuant to any Loan Document and under any Cash Management Agreement;

 (b) Indebtedness of (i) any Loan Party owing to any other Loan Party; (ii) any Group Member (which is not a Loan Party) owing to
any other Group Member (which is not a Loan Party); (iii) any Group Member (which is not a Loan Party) owing to any Loan Party, which constitutes an Investment permitted by Section 7.8(f)(iii); provided, that, such
Indebtedness owing to a Loan Party in excess of $500,000 shall be evidenced by a master promissory note and such promissory note shall be pledged as Collateral; and (iv) any Loan Party owing to any Group Member (which is not a Loan Party);
provided that such Indebtedness is subordinated to the Obligations on terms and conditions acceptable to the Administrative Agent; 

(c) Guarantee Obligations (i) of any Loan Party of the Indebtedness of any other Loan Party; (ii) of any Group Member (which is not a
Loan Party) of the Indebtedness of any Loan Party; (iii) by any Group Member (which is not a Loan Party) of the Indebtedness of any other Group Member (which is not a Loan Party) or (iv) of any Loan Party of the Indebtedness of any Group Member
that is not a Loan Party, so long as the aggregate amount of such Guarantee Obligations is an Investment permitted by Section 7.8(f)(iii); provided that, in any case of clauses (i), (ii), (iii) or (iv), the underlying
Indebtedness so guaranteed is otherwise permitted by the terms hereof; 
 (d) Indebtedness outstanding on the date hereof and listed on
Schedule 7.2(d) and any refinancings, refundings, renewals or extensions thereof (which do not shorten the maturity thereof or increase the principal amount thereof, except by an amount equal to a reasonable premium and other fees and
expenses reasonably incurred in connection therewith); 
 (e) Indebtedness (including, without limitation, Capital Lease Obligations) secured
by Liens permitted by Section 7.3(g) in an aggregate principal amount not to exceed $7,000,000 at any one time outstanding (or such greater amount as the Administrative Agent shall agree in its sole discretion) and any
refinancings, refundings, renewals or extensions thereof (which do not shorten the maturity thereof or increase the principal amount thereof, except by an amount equal to a reasonable premium and other fees and expenses reasonably incurred in
connection therewith); 

  
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 (f) unsecured Subordinated Indebtedness; 

(g) Surety Indebtedness and any other Indebtedness in respect of letters of credit, banker’s acceptances or similar arrangements,
provided that the aggregate amount of any such Indebtedness outstanding at any time shall not exceed $1,000,000 (or such greater amount as the Administrative Agent shall agree in its sole discretion); 

(h) unsecured Indebtedness of the Borrower and its Subsidiaries in an aggregate principal amount, for all such Indebtedness taken together, not
to exceed $1,000,000 at any one time outstanding; 
 (i) obligations (contingent or otherwise) of the Borrower or any of its Subsidiaries
existing or arising under any Swap Agreement, provided that such obligations are (or were) entered into by such Person in accordance with Section 7.13 and not for purposes of speculation; 

(j) Indebtedness of a Person (other than a Loan Party or an existing Subsidiary) existing at the time such Person is merged with or into a Loan
Party or a Subsidiary or becomes a Subsidiary, provided that (i) such Indebtedness was not, in any case, incurred by such other Person in connection with, or in contemplation of, such merger or acquisition, (ii) such merger or
acquisition constitutes a Permitted Acquisition, (iii) with respect to any such Person who becomes a Subsidiary, (A) such Subsidiary and any of its Subsidiaries are the only obligors in respect of such Indebtedness, and (B) to the extent such
Indebtedness is permitted to be secured hereunder, only the assets of such Subsidiary and any of its Subsidiaries secure such Indebtedness, and (iv) the aggregate amount of such Indebtedness does not exceed $500,000 in the aggregate (or such
greater amount as the Administrative Agent shall agree in its sole discretion); 
 (k) Indebtedness incurred as a result of endorsing
negotiable instruments received in the ordinary course of business; 
 (l) Indebtedness in the form of purchase price adjustments, earn outs,
deferred compensation, or other arrangements representing acquisition consideration or deferred payments of a similar nature incurred in connection with Investments permitted by Section 7.8; provided that the amount of such
obligation shall be deemed part of the cost of such Investment (the amount of which shall be deemed to be the amount required to be accrued as a liability in accordance with GAAP or the amount actually paid); 

(m) Indebtedness consisting of the financing of insurance premiums; and 

(n) Indebtedness not otherwise permitted by this Section in an aggregate amount not to exceed $500,000 at any time outstanding. 

7.3 Liens. Create, incur, assume or suffer to exist any Lien upon any of its property, whether now owned or hereafter acquired,
except: 
 (a) Liens for taxes not yet due or that are being contested in good faith by appropriate proceedings; provided that
adequate reserves with respect thereto are maintained on the books of the applicable Group Member in conformity with GAAP; 
 (b)
carriers’, warehousemen’s, landlord’s, mechanics’, materialmen’s, repairmen’s or other like Liens arising in the ordinary course of business that are not overdue for a period of more than thirty (30) days or that
are being contested in good faith by appropriate proceedings; 

  
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 (c) pledges or deposits in connection with workers’ compensation, unemployment
insurance and other social security legislation; 
 (d) deposits to secure the performance of bids, trade contracts (other than for borrowed
money), leases, statutory obligations, surety and appeal bonds, performance bonds and other obligations of a like nature incurred in the ordinary course of business (other than for indebtedness or any Liens arising under ERISA) or deposits made in
connection with Permitted Acquisitions; 
 (e) easements,
rights-of-way, restrictions and other similar encumbrances incurred in the ordinary course of business that, in the aggregate, are not substantial in amount and that do
not in any case materially detract from the value of the property subject thereto or materially interfere with the ordinary conduct of the business of the applicable Group Member; 

(f) Liens in existence on the date hereof listed on Schedule 7.3(f); provided that (i) no such Lien shall cover any
additional property after the Closing Date, (ii) the amount of Indebtedness or obligations secured or benefitted thereby is not increased, (iii) the direct or any contingent obligor with respect thereto is not changed, and (iv) any
renewal or extension of the obligations secured thereby is permitted by Section 7.2(d); 
 (g) Liens securing
Indebtedness incurred pursuant to Section 7.2(e) to finance the acquisition of fixed or capital assets; provided that (i) such Liens shall be created substantially simultaneously with, or within one hundred eighty
(180) days after, the acquisition of such fixed or capital assets, (ii) such Liens do not at any time encumber any property other than the property financed by such Indebtedness, and (iii) the amount of Indebtedness secured thereby is
not increased, except by an amount permitted by Section 7.2(e); 
 (h) Liens created pursuant to the Security
Documents; 
 (i) any interest or title of a lessor or licensor under any lease or license entered into by a Group Member in the ordinary
course of its business and covering only the assets so leased or licensed; 
 (j) judgment Liens that do not constitute a Default or an Event
of Default under Section 8.1(h) of this Agreement; 
 (k) bankers’ Liens, rights of setoff and other similar
Liens existing solely with respect to cash, Cash Equivalents, securities, commodities and other funds on deposit in one or more accounts maintained by a Group Member, in each case arising in the ordinary course of business in favor of banks, other
depositary institutions, securities or commodities intermediaries or brokerages with which such accounts are maintained securing amounts owing to such banks or financial institutions with respect to cash management and operating account management
or are arising under Section 4-208 or 4-210 of the UCC on items in the course of collection; 

(l) (i) cash deposits and liens on cash and Cash Equivalents pledged to secure Indebtedness permitted under
Section 7.2(g), (ii) Liens securing reimbursement obligations with respect to letters of credit permitted by Section 7.2(g) that encumber documents and other property relating to such letters of
credit, and (iii) Liens securing Obligations under any Specified Swap Agreements permitted by Section 7.2(i); 

  
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 (m) Liens on property of a Person existing at the time such Person is acquired by, merged
into or consolidated with a Group Member or becomes a Subsidiary of a Group Member or acquired by a Group Member; provided that (i) such Liens were not created in contemplation of such acquisition, merger, consolidation or Investment,
(ii) such Liens do not extend to any assets other than those of such Person, and (iii) the applicable Indebtedness or obligation secured by such Lien is permitted under Section 7.2; 

(n) the replacement, extension or renewal of any Lien permitted by clause (n) above upon or in the same property theretofore subject
thereto or the replacement, extension or renewal (without increase in the amount or change in any direct or contingent obligor) of the Indebtedness secured thereby; 

(o) Liens not otherwise permitted by this Section so long as neither (i) the aggregate outstanding principal amount of the obligations
secured thereby nor (ii) the aggregate fair market value (determined as of the date such Lien is incurred) of the assets subject thereto exceeds (as to all Group Members) $500,000 at any one time; 

(p) Liens on insurance proceeds in favor of insurance companies granted solely to secured financed insurance premiums permitted under
Section 7.2(m); 
 (q) (i) non-exclusive licenses of patents,
trademarks, copyrights, and other Intellectual Property rights in the ordinary course of business; and (ii) licenses of patents, trademarks, copyrights, and other Intellectual Property rights customary for companies of similar size and in the
same industry as the Borrower which would not result in a legal transfer of title of such licensed Intellectual Property, but that may be exclusive in respects other than territory and that may be exclusive as to territory only as to discrete
geographical areas outside of the United States; 
 (r) Liens in favor of custom and revenue authorities arising as a matter of law to secure
the payment of custom duties in connection with the importation of goods; and 
 (s) Liens on any earnest money deposits required in
connection with a Permitted Acquisition or consisting of earnest money deposits required in connection with an acquisition of property not otherwise prohibited hereunder. 

Notwithstanding the foregoing, no Group Member shall permit any Lien on any of its Intellectual Property other than Liens arising by operation
of any Requirement of Law and Liens described in Section 7.3(q) that in each case, do not secure any Indebtedness for borrowed money. 

7.4 Fundamental Changes. Consummate any merger, consolidation, amalgamation, Division of or by a limited company, or an
allocation of assets to a series of a limited liability company (or the unwinding of such Division or allocation), or liquidate, wind up or dissolve itself (or suffer any liquidation or dissolution), or Dispose of all or substantially all of its
property or business, except that: 
 (a) (i) any Group Member that is not a Loan Party may be merged, amalgamated or consolidated with
or into (A) any Loan Party (provided that a Loan Party shall be the continuing or surviving Person, or the continuing or surviving Person shall become a Loan Party substantially contemporaneous with such merger, amalgamation or consolidation)
or (B) any Group Member that is not a Loan Party, and (ii) any Loan Party may be merged, amalgamated or consolidated with or into with any other Loan Party other than Holdings (provided that if such merger, amalgamation or consolidation
involves the Borrower, the Borrower shall be the continuing or surviving Person); 
 (b) (i) any Group Member that is not a Loan Party
may Dispose of any or all of its assets (including upon voluntary liquidation, dissolution or otherwise) (A) to any other Group Member or (B) pursuant to a Disposition permitted by Section 7.5; and (ii) any Loan
Party (other than the Borrower or Holdings) may Dispose of any or all of its assets (including upon voluntary liquidation, dissolution or otherwise) (A) to any other Loan Party or (B) pursuant to a Disposition permitted by
Section 7.5; and 

  
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 (c) any Investment expressly permitted by Section 7.8 may be
structured as a merger, consolidation or amalgamation. 
 7.5 Disposition of Property. Dispose of any of its property, whether now
owned or hereafter acquired, or, in the case of any Subsidiary of Holdings, issue or sell any shares of such Subsidiary’s Capital Stock to any Person, except: 

(a) Dispositions of obsolete, worn out or surplus property in the ordinary course of business; 

(b) Dispositions of Inventory in the ordinary course of business; 

(c) Dispositions permitted by Sections 7.4(b)(i)(A) and (b)(ii)(A); 

(d) the sale or issuance of the Capital Stock of a Subsidiary of Holdings (i) to the Borrower or any other Loan Party, or (ii) by a
Subsidiary that is not a Loan Party to another Subsidiary that is not a Loan Party or (iii) in connection with any transaction that does not result in a Change of Control; 

(e) the use or transfer of money, cash or Cash Equivalents in a manner that is not prohibited by the terms of this Agreement or the other Loan
Documents; 
 (f) the non-exclusive licensing of patents, trademarks, copyrights, and other
Intellectual Property rights in the ordinary course of business; and (ii) licensing of patents, trademarks, copyrights, and other Intellectual Property rights customary for companies of similar size and in the same industry as Borrower which
would not result in a legal transfer of title of such licensed Intellectual Property, but that may be exclusive in respects other than territory and that may be exclusive as to territory only as to discrete geographical areas outside of the United
States; 
 (g) the Disposition of property (i) from any Loan Party to any other Loan Party (other than Holdings), and (ii) from any
Group Member (which is not a Loan Party) to any other Group Member; provided that in each case in which there is a Lien over the relevant property in favor of the Administrative Agent in advance of the Disposition, an equivalent Lien will be
granted to the Administrative Agent by the Group Member which acquires the property; 
 (h) Dispositions of property subject to a Casualty
Event; 
 (i) leases or subleases of real property; 

(j) the sale or discount without recourse of accounts receivable arising in the ordinary course of business in connection with the compromise
or collection thereof. 
 (k) Dispositions of other property having a book value not to exceed $1,000,000 in the aggregate for any fiscal
year of Holdings, provided that at the time of any such Disposition, no Event of Default shall have occurred and be continuing or would result from such Disposition; and 

(l) Restricted Payments permitted by Section 7.6, Investments permitted by Section 7.8 and Liens
permitted by Section 7.3. 

  
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 provided, however, that any Disposition made pursuant to this
Section 7.5 (other than Dispositions (x) solely between Loan Parties, (y) Dispositions solely between Group Members that are not Loan Parties or (z) Dispositions between a Loan Party and a Group Member that
is not a Loan Party in which the terms thereof in favor of a Loan Party are at least arm’s length terms) shall be made in good faith on an arm’s length basis for fair value. 

7.6 Restricted Payments. Pay any earn-out payment, seller debt or deferred purchase price
payments, declare or pay any dividend (other than dividends payable solely in Capital Stock (other than Disqualified Stock) of the Person making such dividend) on, 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, either directly or
indirectly, whether in cash or property or in obligations of any Group Member (collectively, “Restricted Payments”), except that, so long as no Event of Default shall have occurred and be continuing at the time of any action
described below or would result therefrom: 
 (a) any Group Member may make Restricted Payments to any Loan Party (other than Holdings) and
any Group Member that is not a Loan Party may make Restricted Payments to any other Group Member; 
 (b) each Loan Party may,
(i) purchase Capital Stock from present or former officers, directors or employees of any Group Member upon the death, disability or termination of employment of such officer, director or employee; provided that the aggregate amount of
payments made under this clause (i) shall not exceed $1,000,000 (or such greater amount as the Administrative Agent shall agree in its sole discretion) during any fiscal year of Holdings, and (ii) declare and make dividend payments or
other distributions payable solely in Capital Stock (other than Disqualified Stock) of Holdings; 
 (c) any Group Member may pay dividends to
Holdings to permit Holdings to (i) pay corporate overhead expenses incurred in the ordinary course of business not to exceed $250,000 in any fiscal year and (ii) pay any taxes that are due and payable by Holdings, including by Holdings and
the Borrower as part of a consolidated group; 
 (d) each Group Member may purchase, redeem or otherwise acquire Capital Stock issued by it
with the proceeds received from the substantially concurrent issue of new shares of its Capital Stock (other than Disqualified Stock); provided that any such issuance is otherwise permitted hereunder; 

(e) each Group Member may deliver its common Capital Stock upon conversion of any convertible Indebtedness having been issued by the Borrower;
provided that such Indebtedness is otherwise permitted by Section 7.2; and 
 (f) the Group Members may make
earn-out payments, payments in respect of seller debt or deferred purchase price payments in connection with a Permitted Acquisition so long as immediately after giving effect to such payment the Cash Balance
as of the date of such payment shall equal or exceed the Cash Balance Threshold. 

  
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 7.7 [Reserved]. 

7.8 Investments. Make any advance, loan, extension of credit (by way of guarantee or otherwise) or capital contribution to, or
purchase any Capital Stock, bonds, notes, debentures or other debt securities of, or any assets constituting a business unit of, or make any other investment in, any Person (all of the foregoing, “Investments”), except: 

(a) extensions of trade credit in the ordinary course of business; 

(b) Investments in cash and Cash Equivalents; 

(c) Guarantee Obligations permitted by Section 7.2; 

(d) loans and advances to employees, officers, consultants and directors of any Group Member in the ordinary course of business (including for
travel, entertainment and relocation expenses) in an aggregate amount for all Group Members not to exceed $500,000 at any one time outstanding (or such greater amount as the Administrative Agent shall agree in its sole discretion); 

(e) Investments existing on the Closing Date and set forth on Schedule 7.8(e); 

(f) intercompany Investments by (i) any Loan Party in any other Loan Party or (ii) any Group Member that is not a Loan Party in any
other Group Member, or (iii) any Loan Party in any Group Member that is not a Loan Party to the extent (x) no Default or Event of Defaults exists or would result therefrom and (y) such Investments do not exceed $500,000 in any fiscal
year (or such greater amount as the Administrative Agent shall agree in its sole discretion); 
 (g) Investments in the ordinary course of
business consisting of endorsements of negotiable instruments for collection or deposit; 
 (h) Investments received in settlement of amounts
due to any Group Member effected in the ordinary course of business or owing to such Group Member as a result of Insolvency Proceedings involving an Account Debtor or upon the foreclosure or enforcement of any Lien in favor of such Group Member;

 (i) Investments held by any Person as of the date such Person is acquired in connection with a Permitted Acquisition, provided that
(A) such Investments were not made, in any case, by such Person in connection with, or in contemplation of, such Permitted Acquisition, and (B) with respect to any such Person which becomes a Subsidiary as a result of such Permitted
Acquisition, such Subsidiary remains the only holder of such Investment (except in the case of Cash Equivalents); 
 (j) so long as no Event
of Default exists at the time of such Investment or immediately after giving effect thereto, in addition to Investments otherwise expressly permitted by this Section, any Investments in an aggregate amount not to exceed $1,000,000 in any fiscal
year; 
 (k) deposits made to secure the performance of leases, licenses or contracts in the ordinary course of business, and other deposits
made in connection with the incurrence of Liens permitted under Section 7.3; 
 (l) the licensing or contribution
of Intellectual Property pursuant to joint marketing or joint venture arrangements with other Persons in the ordinary course of business; 

(m) promissory notes and other non-cash consideration received in connection with Dispositions
permitted by Section 7.5, to the extent not exceeding the limits specified therein with respect to the receipt of non-cash consideration in connection with such Dispositions; and 

(n) purchases or other acquisitions by any Group Member of the Capital Stock in a Person that, upon the consummation thereof, will be a
Subsidiary (including as a result of a merger or consolidation) or all or substantially all of the assets of, or assets constituting one or more business units of, any Person (each, a “Permitted Acquisition”); provided
that, with respect to each such purchase or other acquisition: 

  
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 (i) the newly-created or acquired Subsidiary (or assets acquired in connection with such
asset sale) shall be (x) in the same or a related line of business as that conducted by the Borrower on the date hereof, or (y) in a business permitted by Section 7.17; 

(ii) all transactions related to such purchase or acquisition shall be consummated in all material respects in accordance with all
Requirements of Law; 
 (iii) no Loan Party shall, as a result of or in connection with any such purchase or acquisition, assume or incur
any direct or contingent liabilities (whether relating to environmental, tax, litigation or other matters) that, as of the date of such purchase or acquisition, could reasonably be expected to result in the existence or incurrence of a Material
Adverse Effect; 
 (iv) the Borrower shall give the Administrative Agent at least twenty (20) Business Days’ prior written notice
of the closing (or if execution of the Acquisition Agreement will occur simultaneously with closing, then ten (10) Business Days prior notice, or such shorter period as the Administrative Agent may agree to) of any such purchase or acquisition;

 (v) the Borrower shall provide to the Administrative Agent as soon as available but in any event not later than five (5) Business
Days after the execution thereof, a copy of any executed purchase agreement or similar agreement with respect to any such purchase or acquisition; 

(vi) any such newly-created or acquired Subsidiary, or the Loan Party that is the acquirer of assets in connection with an asset acquisition,
shall comply or be prepared to comply with the requirements of Section 6.12, except to the extent compliance with Section 6.12 is prohibited by pre-existing
Contractual Obligations or Requirements of Law binding on such Subsidiary or its properties; 
 (vii) the Cash Balance shall equal or exceed
the Cash Balance Threshold before and immediately after giving effect to such purchase or other acquisition; 
 (viii) immediately before
and immediately after giving effect to any such purchase or other acquisition, no Default or Event of Default shall have occurred and be continuing; 

(ix) no Indebtedness is assumed or incurred in connection with any such purchase or acquisition other than Indebtedness permitted by the terms
of Section 7.2; 
 (x) such purchase or acquisition shall not constitute an Unfriendly Acquisition; 

(xi) each such purchase or acquisition is of a Person organized under the laws of the United States and engaged in business activities
primarily conducted within the United States; and 
 (xii) the Borrower shall have delivered to the Administrative Agent, at least five
(5) Business Days prior to the date on which any such purchase or other acquisition is to be consummated (or such later date as is agreed by the Administrative Agent in its sole discretion), a certificate of a Responsible Officer of Holdings or
the Borrower, in form and substance reasonably satisfactory to the Administrative Agent, certifying that all of the requirements set forth in this definition have been satisfied or will be satisfied on or prior to the consummation of such purchase
or other acquisition. 

  
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 7.9 ERISA. The Borrower shall not, and shall not permit any of its ERISA
Affiliates to: (a) terminate any Pension Plan so as to result in any material liability to the Borrower or any ERISA Affiliate, (b) permit to exist any ERISA Event, or any other event or condition, which presents the risk of a material
liability to any ERISA Affiliate, (c) make a complete or partial withdrawal (within the meaning of ERISA Section 4201) from any Multiemployer Plan so as to result in any material liability to the Borrower or any ERISA Affiliate,
(d) enter into any new Pension Plan or Multiemployer Plan or modify any existing Pension Plan or Multiemployer Plan so as to increase its obligations thereunder which could be reasonably likely to result in material liability to any ERISA
Affiliate or permit the present value of all nonforfeitable accrued benefits under any Plan (using the actuarial assumptions utilized by the PBGC upon termination of a Plan) materially to exceed the fair market value of Plan assets allocable to such
benefits, all determined as of the most recent valuation date for each such Plan, or (e) engage in any transaction which would cause any obligation, or action taken or to be taken, hereunder (or the exercise by the Administrative Agent or any
Lender of any of its rights under this Agreement, any Note or the other Loan Documents) to be a non-exempt (under a statutory or administrative class exemption) prohibited transaction under Section 406 of
ERISA or Section 4975 of the Code with respect to a Plan. 
 7.10 Optional Payments and Modifications of Certain Preferred Stock and
Debt Instruments. (a) Amend, modify, waive or otherwise change, or consent or agree to any amendment, modification, waiver or other change to, any of the terms of the Preferred Stock (i) that would move to an earlier date the
scheduled redemption date (but only to the extent that moving any such scheduled redemption date would result in the redemption to be prior to ninety-one (91) days after the Revolving Termination Date) or
increase the amount of any scheduled redemption payment or increase the rate or move to an earlier date any date for payment of dividends thereon or (ii) that could reasonably be expected to be otherwise materially adverse to any Lender or any
other Secured Party; or (b) other than pursuant to any refinancing or replacement of Indebtedness permitted by Section 7.2, amend, modify, waive or otherwise change, or consent or agree to any amendment, modification,
waiver or other change to, any of the terms of any Indebtedness permitted by Section 7.2 (other than Indebtedness pursuant to any Loan Document and Subordinated Indebtedness which is addressed in
Section 7.22) that would shorten the maturity (but only to the extent such shortening, would result in the maturity of such Indebtedness to be prior to ninety-one (91) days after
the Revolving Termination Date) or increase the amount of any payment of principal thereof or the rate of interest thereon or shorten any date for payment of interest thereon or that could reasonably be expected to be otherwise materially adverse to
any Lender or any other Secured Party. 
 7.11 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 any other Loan Party) unless such transaction is (a) (i) otherwise permitted
under this Agreement, (ii) in the ordinary course of business of the relevant Group Member and (iii) upon fair and reasonable terms no less favorable to the relevant Group Member than it would obtain in a comparable arm’s length
transaction with a Person that is not an Affiliate, (b) a Restricted Payment permitted by Section 7.6 or (c) reasonable and customary indemnification arrangements, employee benefits, compensation arrangements
(including equity-based compensation and bonuses), and reimbursement of expenses of employees, consultants, officers, and directors, in each case, approved by the board of directors or management of Holdings or its Subsidiaries except for
(i) reasonable and customary fees paid to members of the board of directors of Borrower or any of its Subsidiaries in the ordinary course of business, (ii) bona fide equity and unsecured bridge financings with existing investors so long as
any such Indebtedness is Subordinated Indebtedness, (iii) reasonable and customary employment compensation arrangements with executive officers in the ordinary course of business approved by the applicable Loan Party’s board of directors, (iv) non-cash loans to employees, officers or directors relating to the purchase of equity securities of Borrower or its Subsidiaries pursuant to employee stock purchase plans or agreements approved by
Borrower’s or such Subsidiary’s board of directors, (v) Permitted Investments, and (vi) the transactions described in and permitted by Section 7.6 of this Agreement. 

  
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 7.12 Sale Leaseback Transactions. Enter into any Sale Leaseback Transaction, except
in connection with transactions that would be permitted under Sections 7.2(e) and 7.3(g). 
 7.13 Swap
Agreements. Enter into any Swap Agreement, except Swap Agreements which are entered into by a Group Member to (a) hedge or mitigate risks to which such Group Member has actual exposure, or (b) effectively cap, collar or exchange
interest rates (from fixed to floating rates, from one floating rate to another floating rate or otherwise) with respect to any interest-bearing liability or investment of such Group Member. 

7.14 Accounting Changes. Make any change in its (a) accounting policies or reporting practices, except as required by GAAP
or permitted under newly announced GAAP, or (b) fiscal year. 
 7.15 Negative Pledge Clauses. Enter into or suffer to exist or
become effective any agreement that prohibits or limits the ability of any Loan Party 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 its
Obligations under the Loan Documents to which it is a party, other than (a) this Agreement and the other Loan Documents, (b) any agreements governing any purchase money Liens or Capital Lease Obligations otherwise permitted hereby (in
which case, any prohibition or limitation shall only be effective against the assets financed thereby), (c) customary restrictions on the assignment of leases, licenses and other agreements, (d) any agreement in effect at the time any
Subsidiary becomes a Subsidiary of a Loan Party, so long as such agreement was not entered into solely in contemplation of such Person becoming a Subsidiary or, in any such case, that is set forth in any agreement evidencing any amendments,
restatements, supplements, modifications, extensions, renewals and replacements of the foregoing, so long as such amendment, restatement, supplement, modification, extension, renewal or replacement applies only to such Subsidiary and does not
otherwise expand in any material respect the scope of any restriction or condition contained therein, and (e) any restriction pursuant to any document, agreement or instrument governing or relating to any Lien permitted under Sections
7.3(c), (d), (f), (g), (l), (m), (n) or (s) or any agreement or option to Dispose any asset of any Group Member, the Disposition of which is permitted by any other provision of this Agreements (in each case, provided that any such
restriction relates only to the assets or property subject to such Lien or being Disposed). 
 7.16 Clauses Restricting Subsidiary
Distributions. Enter into or suffer to exist or become effective any consensual encumbrance or restriction on the ability of any Subsidiary of Holdings to (a) make Restricted Payments in respect of any Capital Stock of such
Subsidiary held by, or to pay any Indebtedness owed to, any other Group Member, (b) make loans or advances to, or other Investments in, any other Group Member, or (c) transfer any of its assets to any other Group Member, except for such
encumbrances or restrictions existing under or by reason of (i) any restrictions existing under the Loan Documents, (ii) any restrictions with respect to a Subsidiary imposed pursuant to an agreement that has been entered into in
connection with a Disposition permitted hereby of all or substantially all of the Capital Stock or assets of such Subsidiary, (iii) customary restrictions on the assignment of leases, licenses and other agreements, (iv) restrictions of the
nature referred to in clause (c) above under agreements governing purchase money liens or Capital Lease Obligations otherwise permitted hereby which restrictions are only effective against the assets financed thereby, (v) any agreement in
effect at the time any Subsidiary becomes a Subsidiary of a Borrower, so long as such agreement applies only to such Subsidiary, was not entered into solely in contemplation of such Person becoming a Subsidiary or, in each case that is set forth in
any agreement evidencing any amendments, restatements, supplements, modifications, extensions, renewals and replacements of the foregoing, so long as such amendment, restatement, supplement, modification, extension, renewal or replacement is not as
a whole materially less 

  
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favorable to such Subsidiary, (vi) restrictions under any Subordinated Debt Documents, (vii) restrictions on the transfer of any asset pending the close of the sale of such asset and
customary restrictions contained in purchase agreements and acquisition agreements (including by way of merger, acquisition or consolidation), to the extent in effect pending the consummation of such transaction, (viii) customary net worth
provisions or similar financial maintenance provisions contained in real property leases entered into by a Foreign Subsidiary, so long as the Borrower has determined in good faith that such net worth provisions could not reasonably be expected to
impair the ability of Holdings and its Subsidiaries to meet their ongoing obligations under the Loan Documents, (ix) applicable law, (x) restrictions on cash or other deposits or net worth imposed under agreements entered into in the
ordinary course of business, (xi) provisions in joint venture agreements and other similar agreements (including equity holder agreements) relating to such joint venture or its members or entered into in the ordinary course of business or
(xii) any restriction pursuant to any document, agreement or instrument governing or relating to any Lien permitted under Sections 7.3(c), (d), (f), (g), (l), (m), (n) or (s) (provided that any such restriction relates only
to the assets or property subject to such Lien or being Disposed). 
 7.17 Lines of Business. Enter into any business, either directly
or through any Subsidiary, except for those businesses in which Holdings and its Subsidiaries are engaged on the date of this Agreement or that are reasonably related, ancillary or incidental thereto. 

7.18 Designation of other Indebtedness. Designate any Indebtedness or indebtedness other than the Obligations as
“Designated Senior Indebtedness” or a similar concept thereto, if applicable. 
 7.19 [Reserved]. 

7.20 Organizational Agreements; Material Contracts. (a)Amend or permit any amendments to any Loan Party’s Operating
Documents, if such amendment could reasonably be expected to be materially adverse to Administrative Agent or the Lenders or (b) amend or permit any amendments to, or terminate or waive any provision of, any material Contractual Obligation if
such amendment, termination, or waiver could reasonably be expected to have a Material Adverse Effect. 
 7.21 Use of Proceeds. Use
the proceeds of any Loan or extension of credit hereunder, whether directly or indirectly, (a) to purchase or carry margin stock (within the meaning of Regulation U of the Board) or to extend credit to others for the purpose of
purchasing or carrying margin stock or to refund indebtedness originally incurred for such purpose, in each case in violation of, or for a purpose which violates, or would be inconsistent with, Regulation T, U or X of the Board; (b) to finance
an Unfriendly Acquisition; (c) to fund any activities of or business with any individual or entity, or in any Designated Jurisdiction, that, at the time of such funding, is the subject of Sanctions, or in any other manner that will result in a
violation by any individual or entity (including any individual or entity participating in the transaction, whether as Lender, Arranger, Administrative Agent, L/C Issuer, Swingline Lender, or otherwise) of Sanctions (or lend, contribute or otherwise
make available such proceeds to any Subsidiary, joint venture partner or other individual or entity in violation of the foregoing); or (d) for any purpose which would breach the United States Foreign Corrupt Practices Act of 1977, the UK
Bribery Act 2010, or other similar legislation in other jurisdictions. 
 7.22 Subordinated Indebtedness. 

(a) Amendments. Amend, modify, supplement, waive compliance with, or consent to noncompliance with, any Subordinated Debt Document (if
any), unless the amendment, modification, supplement, waiver or consent is in compliance with the subordination provisions therein and any subordination agreement with respect thereto in favor of the Administrative Agent and the Lenders. 

  
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 (b) Payments. Make any payment, prepayment or repayment on, redemption, exchange or
acquisition for value of, or any sinking fund or similar payment with respect to, any Subordinated Indebtedness, except as expressly permitted by the subordination provisions in the applicable Subordinated Debt Documents and any subordination
agreement with respect thereto in favor of the Administrative Agent and the Lenders. 
 7.23 Anti-Terrorism Laws. Conduct, deal in or
engage in or permit any Affiliate or agent of any Loan Party within its control to conduct, deal in or engage in any of the following activities: 

(a) conduct any business or engage in any transaction or dealing with any person blocked pursuant to Executive Order No. 13224 (a “Blocked
Person”), including the making or receiving any contribution of funds, goods or services to or for the benefit of any Blocked Person; (b) deal in, or otherwise engage in any transaction relating to, any property or interests in
property blocked pursuant to Executive Order No. 13224; or (c) engage in or conspire to engage in any transaction that evades or avoids, or has the purpose of evading or avoiding, or attempts to violate, any of the prohibitions set forth
in Executive Order No. 13224 or the Patriot Act. 
 SECTION 8 

EVENTS OF DEFAULT 

8.1 Events of Default. The occurrence of any of the following shall constitute an Event of Default: 

(a) the Borrower shall fail to pay any amount of principal of any Loan when due in accordance with the terms hereof; or the Borrower shall fail
to pay any amount of interest on any Loan, or any other amount payable hereunder or under any other Loan Document, within three (3) Business Days after any such interest or other amount becomes due in accordance with the terms hereof; 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 furnished by it at any time under or in connection with this Agreement or any such other Loan Document (i) if qualified by materiality, shall be incorrect or misleading when made or deemed
made, or (ii) if not qualified by materiality, shall be incorrect or misleading in any material respect when made or deemed made; or 
 (c)
any Loan Party shall default in the observance or performance of any agreement contained in, Section 5.3, Section 6.1, Section 6.2, Section 6.3,
Section 6.5, Section 6.6, Section 6.8, Section 6.10, Section 6.16 or Section 7 of this
Agreement; or 
 (d) any Loan Party shall default in the observance or performance of any other agreement contained in this Agreement or any
other Loan Document (other than as provided in paragraphs (a) through (c) of this Section), and such default shall continue unremedied for a period of thirty (30) days thereafter; provided, however, that if the default cannot by its nature
be cured within the thirty (30) day period or cannot after diligent attempts by the Borrower be cured within such thirty (30) day period, and such default is likely to be cured within a reasonable time as reasonably determined by the
Administrative Agent, then the Borrower shall have an additional period (which shall not in any case exceed sixty (60) days) to attempt to cure such default, and within such reasonable time period the failure to cure the default shall not be
deemed an Event of Default (but no credit extensions shall be made during such additional cure period); or 

  
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 (e) (i) any Group Member shall (A) default in making any payment of any principal
of any Indebtedness (including any Guarantee Obligation, but excluding the Loans) on the scheduled or original due date with respect thereto (taking into account all applicable extension periods); (B) default in making any payment of any interest,
fees, costs or expenses on any such Indebtedness beyond the period of grace, if any, provided in the instrument or agreement under which such Indebtedness was created; (C) default in making any payment or delivery under any such Indebtedness
constituting a Swap Agreement beyond the period of grace, if any, provided in such Swap Agreement; or (D) default in the observance or performance of any other agreement or condition relating to any such Indebtedness 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 (1) cause, or to permit the holder or beneficiary of, or, in the
case of any such Indebtedness constituting a Swap Agreement, counterparty under, such Indebtedness (or a trustee or agent on behalf of such holder, beneficiary, or counterparty) to cause, with the giving of notice if required, such Indebtedness to
become due prior to its stated maturity or (in the case of any such Indebtedness constituting a Guarantee Obligation) to become payable or (in the case of any such Indebtedness constituting a Swap Agreement) to be terminated, or (2) to cause,
with the giving of notice if required, any Group Member to purchase, redeem, mandatorily prepay or make an offer to purchase, redeem or mandatorily prepay such Indebtedness prior to its stated maturity; provided that, unless such Indebtedness
constitutes a Specified Swap Agreement, a default, event or condition described in clauses ( i)(A), (B), (C), or (D) of this Section 8.1(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 any of clauses (i)(A), (B), (C), or (D) of this Section 8.1(e) shall have occurred with respect to Indebtedness, the outstanding
principal amount (and, in the case of Swap Agreements, other than Specified Swap Agreements, the Swap Termination Value) of which, individually or in the aggregate for all such Indebtedness, exceeds $5,000,000 or (ii) any default or event of
default (however designated) shall occur with respect to any Subordinated Indebtedness of any Group Member in an aggregate principal amount exceeding $1,000,000; provided, however, that the Event of Default under this Section 8.1(e) caused by
the occurrence of a breach or default under such other agreement shall be cured or waived for purposes of this Agreement upon the Administrative Agent receiving written notice from the party asserting such breach or default of such cure or waiver of
the breach or default under such other agreement, if at the time of such cure or waiver under such other agreement (x) the Administrative Agent has not declared an Event of Default under this Agreement and/or exercised any rights with respect
thereto; (y) any such cure or waiver does not result in an Event of Default under any other provision of this Agreement or any Loan Document; and (z) in connection with any such cure or waiver under such other agreement, the terms of any
agreement with such third party are not modified or amended in any manner which could in the good faith business judgment of the Administrative Agent be materially less advantageous to the Borrower or any Guarantor; or 

(f) (i) any Group Member shall commence any case, proceeding or other action (a) under any Debtor Relief Law 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, dissolution, composition or other relief
with respect to it or its debts, or (b) seeking appointment of a receiver, trustee, custodian, conservator or other similar official for it or for all or any substantial part of its assets, or any Group Member shall make a general assignment
for the benefit of its creditors; or (ii) there shall be commenced against any Group Member any case, proceeding or other action of a nature referred to in clause (i) above that (x) results in the entry of an order for relief or any
such adjudication or appointment or (y) remains undismissed, undischarged or unbonded for a period of sixty (60) days (provided that, during such sixty (60) day period, no Loan shall be advanced or Letters of Credit issued
hereunder); or (iii) there shall be commenced against any Group Member 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 sixty (60) days from the entry thereof (provided that, during such sixty (60) day
period, no Loan shall be advanced or Letters of Credit issued hereunder); or (iv) any Group Member 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 Group Member shall generally not, or shall be unable to, or shall admit in writing its inability to, pay its debts as they become due; or 

  
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 (g) there shall occur one or more ERISA Events which individually or in the aggregate
results in or otherwise is associated with liability of any Loan Party or any ERISA Affiliate thereof in excess of $5,000,000 during the term of this Agreement; or there exists an amount of unfunded benefit liabilities (as defined in
Section 4001(a)(18) of ERISA), individually or in the aggregate for all Pension Plans (excluding for purposes of such computation any Pension Plans with respect to which assets exceed benefit liabilities) which exceeds $5,000,000; or 

(h) there is entered against any Group Member (i) one or more final judgments or orders for the payment of money involving in the
aggregate a liability (not paid or fully covered by insurance as to which the relevant insurance company has acknowledged coverage) of $5,000,000 or more, or (ii) one or more non-monetary final judgments
that have, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect and, in either case, (A) enforcement proceedings are commenced by any creditor upon such judgment or order, or (B) all such
judgments or decrees shall not have been vacated, discharged, stayed or bonded pending appeal within forty five (45) days from the entry thereof; or 

(i) (i) any of the Security Documents shall cease, for any reason (other than as a result of the action or inaction of the Administrative
Agent or any Lender), to be in full force and effect (other than pursuant to the terms thereof), or any Loan Party shall so assert, or any Lien created by any of the Security Documents shall cease to be enforceable and of the same effect and
priority purported to be created thereby; or 
 (ii) any court order enjoins, restrains or prevents a Loan Party from conducting all or any
material part of its business; or 
 (j) the guarantee contained in Section 2 of the Guarantee and Collateral Agreement shall cease, for
any reason, to be in full force and effect or any Loan Party shall so assert; or 
 (k) a Change of Control shall occur; or 

(l) Holdings shall (i) conduct, transact or otherwise engage in, or commit to conduct, transact or otherwise engage in, any business or
operations other than those incidental to its ownership of the Capital Stock of its Subsidiaries, (ii) incur, create, assume or suffer to exist any Indebtedness or other liabilities or financial obligations, except (x) nonconsensual
obligations imposed by operation of law, (y) obligations pursuant to the Loan Documents to which it is a party, and (z) obligations with respect to its Capital Stock or other Indebtedness permitted hereunder, or (iii) own, lease, manage or
otherwise operate any properties or assets other than the ownership of shares of Capital Stock of its Subsidiaries; or 
 (m) any of the
Governmental Approvals necessary for any of the Group Members to operate its respective business shall have been (i) revoked, rescinded, suspended, modified in an adverse manner or not renewed in the ordinary course for a full term or
(ii) subject to any decision by a Governmental Authority that designates a hearing with respect to any applications for renewal of any of the Governmental Approvals or that could result in the Governmental Authority taking any of the actions
described in clause (i) above, and such decision or such revocation, rescission, suspension, modification or nonrenewal (x) has, or could reasonably be expected to have, a Material Adverse Effect, or (y) materially adversely affects
the legal qualifications of any Group Member to hold any material Governmental Approval in any applicable jurisdiction and such materially adverse effect on the legal qualifications of any such Group Member to hold any material Governmental Approval
in any applicable jurisdiction could reasonably be expected to have a Material Adverse Effect; or 

  
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 (n) any Loan Document (including the subordination provisions of any subordination agreement
or intercreditor agreement governing Subordinated Indebtedness) not otherwise referenced in Section 8.1(i) or (j), at any time after its execution and delivery and for any reason other than as expressly permitted
hereunder or thereunder or the Discharge of Obligations, ceases to be in full force and effect; (other than as a result of the action or inaction of the Administrative Agent or any Lender); or any Loan Party or any other Person contests in any
manner the validity or enforceability of any Loan Document; or any Loan Party denies that it has any liability or obligation under any Loan Document to which it is a party, or purports to revoke, terminate or rescind any such Loan Document; or 

(o) the Administrative Agent determines, in its good faith business judgment, that a Material Adverse Effect has occurred. 

8.2 Remedies Upon Event of Default. If any Event of Default occurs and is continuing, the Administrative Agent shall, at the
request of, or may, with the consent of, the Required Lenders, take any or all of the following actions: 
 (a) if such event is an Event of
Default specified in clause (i) or (ii) of paragraph (f) of Section 8.1 with respect to the Borrower, the Commitments shall immediately terminate automatically and the Loans (with accrued interest thereon) and all
other amounts owing under this Agreement and the other Loan Documents shall automatically immediately become due and payable, and 
 (b) if
such event is any other Event of Default, any of the following actions may be taken: (i) with the consent of the Required Lenders, the Administrative Agent may, or upon the request of the Required Lenders, the Administrative Agent shall, by
notice to the Borrower declare the Revolving Commitments, the Swingline Commitments and the L/C Commitments to be terminated forthwith, whereupon the Revolving Commitments, the Swingline Commitments and the L/C Commitments shall immediately
terminate; (ii) with the consent of the Required Lenders, the Administrative Agent may, or upon the request of the Required Lenders, the Administrative Agent shall, by notice to the Borrower, declare the Loans (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; (iii) any Cash Management Bank may terminate any Cash Management
Agreement then outstanding and declare all Obligations then owing by the Loan Parties under any such Cash Management Agreements then outstanding to be due and payable forthwith, whereupon the same shall immediately become due and payable; and
(iv) the Administrative Agent may exercise on behalf of itself, any Cash Management Bank, the Lenders and the Issuing Lender all rights and remedies available to it, any such Cash Management Bank, the Lenders and the Issuing Lender under the
Loan Documents. 
 With respect to all Letters of Credit with respect to which presentment for honor shall not have occurred at the time of
an acceleration pursuant to this paragraph, the Borrower shall Cash Collateralize an amount equal to 105% of the aggregate then undrawn and unexpired amount of such Letters of Credit. Amounts so Cash Collateralized shall be applied by the
Administrative Agent to the payment of drafts drawn under such Letters of Credit, and the unused portion thereof after all such Letters of Credit shall have expired or been fully drawn upon, if any, shall be applied to repay other Obligations of the
Borrower hereunder and under the other Loan Documents in accordance with Section 8.3. 

  
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 In addition, (x) the Borrower shall also cash collateralize the full amount of any
Swingline Loans then outstanding, and (y) to the extent elected by any applicable Cash Management Bank, the Borrower shall also Cash Collateralize the amount of any Obligations in respect of Cash Management Services then outstanding, which Cash
Collateralized amounts shall be applied by the Administrative Agent to the payment of all such outstanding Cash Management Services, and any unused portion thereof remaining after all such Cash Management Services shall have been fully paid and
satisfied in full shall be applied by the Administrative Agent to repay other Obligations of the Loan Parties hereunder and under the other Loan Documents in accordance with the terms of Section 8.3. 

(c) After all such Letters of Credit and Cash Management Agreements shall have been terminated, expired or fully drawn upon, as applicable, and
all amounts drawn under any such Letters of Credit shall have been reimbursed in full and all other Obligations of the Borrower and the other Loan Parties (including any such Obligations arising in connection with Cash Management Services) shall
have been paid in full, the balance, if any, of the funds having been so Cash Collateralized shall be returned to the Borrower (or such other Person as may be lawfully entitled thereto). Except as expressly provided above in this Section,
presentment, demand, protest and all other notices of any kind are hereby expressly waived by the Borrower. 
 8.3 Application of
Funds. After the exercise of remedies provided for in Section 8.2, any amounts received by the Administrative Agent on account of the Obligations shall be applied by the Administrative Agent in the
following order: 
 First, to the payment of that portion of the Obligations constituting fees, indemnities, expenses and other
amounts (other than principal and interest but including any Collateral-Related Expenses, fees, charges and disbursements of counsel to the Administrative Agent and amounts payable under Sections 2.19, 2.20 and 2.21 (including
interest thereon)) payable to the Administrative 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 Letter of Credit Fees) payable to the Lenders, the Issuing Lender ((including any Letter of Credit Fronting Fees and Issuing Lender Fees), and any
Qualified Counterparty and any applicable Cash Management Bank (in its respective capacity as a provider of Cash Management Services), and the reasonable and documented
out-of-pocket fees, charges and disbursements of counsel to the respective Lenders and the Issuing Lender, and amounts payable under Sections 2.19, 2.20
and 2.21), in each case, ratably among them in proportion to the respective amounts described in this clause Second payable to them; 

Third, to the extent that the Swingline Lender has advanced any Swingline Loans that have not been refunded by each Lender’s
Swingline Participation Amount, payment to the Swingline Lender of that portion of the Obligations constituting the unpaid principal of and interest upon the Swingline Loans advanced by the Swingline Lender; 

Fourth, to the payment of that portion of the Obligations constituting accrued and unpaid Letter of Credit Fees and interest in respect
of any Cash Management Services and on the Loans and L/C Disbursements which have not yet been converted into Revolving Loans, and to payment of premiums and other fees (including any interest thereon) under any Specified Swap Agreements and any
Cash Management Agreements, in each case, ratably among the Lenders, any applicable Cash Management Bank (in its respective capacity as a provider of Cash Management Services), and any Qualified Counterparties, in each case, ratably among them in
proportion to the respective amounts described in this clause Fourth payable to them; 

  
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 Fifth, to payment of that portion of the Obligations constituting unpaid principal of
the Loans, L/C Disbursements which have not yet been converted into Revolving Loans, and settlement amounts, payment amounts and other termination payment obligations under any Specified Swap Agreements and Cash Management Agreements, in each case,
ratably among the Lenders, any applicable Cash Management Bank (in its respective capacity as a provider of Cash Management Services), and any applicable Qualified Counterparties, in each case, ratably among them in proportion to the respective
amounts described in this clause Fifth and payable to them; 
 Sixth, to the Administrative Agent for the account of the
Issuing Lender, to Cash Collateralize that portion of the L/C Exposure comprised of the aggregate undrawn amount of Letters of Credit pursuant to Section 3.10; 

Seventh, for the account of any applicable Qualified Counterparty and any applicable Cash Management Bank, to any settlement amounts,
payment amounts and other termination payment obligations under any Specified Swap Agreements and Cash Management Agreements not paid pursuant to clause Fifth and to cash collateralize Obligations arising under any then outstanding Specified Swap
Agreements and Cash Management Services, in each case, ratably among them in proportion to the respective amounts described in this clause Seventh payable to them; 

Eight, to the payment of all other Obligations of the Loan Parties that are then due and payable to the Administrative Agent and the
other Secured Parties on such date, in each case, ratably among them in proportion to the respective aggregate amounts of all such Obligations described in this clause Eight and payable to them; 

Last, the balance, if any, after the Discharge of Obligations, to the Borrower or as otherwise required by Law. 

Subject to Sections 2.24(a), 3.4, 3.5 and 3.10, amounts used to Cash Collateralize the aggregate undrawn amount of Letters of
Credit pursuant to clause Sixth above shall be applied to satisfy drawings under such Letters of Credit as they occur. If any amount remains on deposit as Cash Collateral for Letters of Credit 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, no Excluded Swap Obligation of any Guarantor shall be paid with amounts received from such Guarantor or from
any Collateral in which such Guarantor has granted to the Administrative Agent a Lien (for the benefit of the Secured Parties) pursuant to the Guarantee and Collateral Agreement; provided, however, that each party to this Agreement
hereby acknowledges and agrees that appropriate adjustments shall be made by the Administrative Agent (which adjustments shall be controlling in the absence of manifest error) with respect to payments received from other Loan Parties to preserve the
allocation of such payments to the satisfaction of the Obligations in the order otherwise contemplated in this Section 8.3. 

SECTION 9 
 THE
ADMINISTRATIVE AGENT 
 9.1 Appointment and Authority. 

(a) Each of the Lenders hereby irrevocably appoints SVB to act on its behalf as the Administrative Agent hereunder and under the other Loan
Documents and authorizes the Administrative Agent to take such actions on its behalf and to exercise such powers as are delegated to the Administrative Agent by the terms hereof or thereof, together with such actions and powers as are reasonably
incidental thereto. 

  
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 (b) The provisions of Section 9 are solely for the benefit of the
Administrative Agent, the Lenders, the Issuing Lender, and the Swingline Lender, and neither the Borrower nor any other Loan Party shall have rights as a third party beneficiary of any of such provisions. Notwithstanding any provision to the
contrary elsewhere in this Agreement, the Administrative Agent shall not have any duties or obligations, except those expressly set forth herein and in the other Loan Documents, 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 Administrative Agent. It is understood and agreed that the use of the term
“agent” herein or in any other Loan Documents (or any other similar term) with reference to the Administrative Agent is not intended to connote any fiduciary or other implied (or express) obligations arising under agency doctrine of any
applicable law. Instead such term is used as a matter of market custom, and is intended to create or reflect only an administrative relationship between contracting parties. 

(c) The Administrative Agent shall also act as the collateral agent under the Loan Documents, and each of the Lenders (in their respective
capacities as a Lender and, as applicable, Qualified Counterparty and provider of Cash Management Services) hereby irrevocably (i) authorizes the Administrative Agent to enter into all other Loan Documents, as applicable, including the
Guarantee and Collateral Agreement and any Subordination Agreements, and (ii) appoints and authorizes the Administrative Agent to act as the agent of the Secured Parties for purposes of acquiring, holding and enforcing any and all Liens on
Collateral granted by any of the Loan Parties to secure any of the Obligations, together with such powers and discretion as are reasonably incidental thereto. The Administrative Agent, as collateral agent and any
co-agents, sub-agents and attorneys-in-fact appointed by the Administrative Agent
pursuant to Section 9.2 for purposes of holding or enforcing any Lien on the Collateral (or any portion thereof) granted under the Security Documents, or for exercising any rights and remedies thereunder at the direction of
the Administrative Agent, shall be entitled to the benefits of all provisions of this Section 9 and Section 10 (including Section 9.7, as though such co-agents, sub-agents and attorneys-in-fact were the collateral agent under the Loan Documents)
as if set forth in full herein with respect thereto. Without limiting the generality of the foregoing, the Administrative Agent is further authorized on behalf of all the Lenders, without the necessity of any notice to or further consent from the
Lenders, from time to time to take any action, or permit the any co-agents, sub-agents and
attorneys-in-fact appointed by the Administrative Agent to take any action, with respect to any Collateral or the Loan Documents which may be necessary to perfect and
maintain perfected the Liens upon any Collateral granted pursuant to any Loan Document. 
 9.2 Delegation of Duties. The
Administrative Agent may perform any and all of its duties and exercise its rights and powers hereunder or under any other Loan Document by or through any one or more sub-agents appointed by the
Administrative Agent. The Administrative Agent and any such sub-agent may perform any and all of its duties and exercise its rights and powers by or through their respective Related Parties. The exculpatory
provisions of this Section shall apply to any such sub-agent and to the Related Parties of the Administrative Agent and any such sub-agent, and shall apply to their
respective activities in connection with the syndication of the Facilities provided for herein as well as activities as the Administrative Agent. The Administrative Agent shall not be responsible for the negligence or misconduct of any sub-agents except to the extent that a court of competent jurisdiction determines in a final and nonappealable judgment that the Administrative Agent acted with gross negligence or willful misconduct in the
selection of such sub agents. 
 9.3 Exculpatory Provisions. The Administrative Agent shall have no duties or obligations
except those expressly set forth herein and in the other Loan Documents, and its duties hereunder and thereunder shall be administrative in nature. Without limiting the generality of the foregoing, the Administrative Agent shall not: 

  
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 (a) be subject to any fiduciary or other implied duties, regardless of whether any Default
or any Event of Default has occurred and is continuing; 
 (b) 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 Loan Documents that the Administrative Agent is required to exercise as directed in writing by the Required Lenders (or such other number or percentage of
the Lenders as shall be expressly provided for herein or in the other Loan Documents), as applicable; provided that the Administrative Agent shall not be required to take any action that, in its opinion or the opinion of its counsel, may
expose the Administrative Agent to liability or that is contrary to any Loan Document or applicable law, including for the avoidance of doubt any action that may be in violation of the automatic stay under any Debtor Relief Law or that may effect a
forfeiture, modification or termination of property of a Defaulting Lender in violation of any Debtor Relief Law; and 
 (c) except as
expressly set forth herein and in the other Loan Documents, have any duty to disclose, and the Administrative Agent shall not be liable for the failure to disclose, any information relating to the Borrower or any of its Affiliates that is
communicated to or obtained by any Person serving as the Administrative Agent or any of its Affiliates in any capacity. 
 The
Administrative Agent shall not be liable for any action taken or not taken by it (i) with the consent or at the request of the Required Lenders (or such other number or percentage of the Lenders as shall be necessary, or as the Administrative
Agent shall believe in good faith shall be necessary, under the circumstances as provided in Sections 8.2 and 10.1), or (ii) in the absence of its own gross negligence or willful misconduct as determined by a court of competent
jurisdiction by final and nonappealable judgment. 
 The Administrative Agent 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 Loan 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 or Event of Default, (iv) the validity,
enforceability, effectiveness or genuineness of this Agreement, any other Loan Document or any other agreement, instrument or document or (v) the satisfaction of any condition set forth in Section 5.1,
Section 5.2 or elsewhere herein, other than to confirm receipt of items expressly required to be delivered to the Administrative Agent. 

9.4 Reliance by Administrative Agent. The Administrative Agent 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 authenticated by the proper Person. The Administrative Agent 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. In determining compliance with any condition hereunder to the making of a Loan, or the issuance, extension, renewal or increase of a Letter of Credit, that by its terms must be fulfilled to the satisfaction of a
Lender, the Administrative Agent may presume that such condition is satisfactory to such Lender unless the Administrative Agent shall have received notice to the contrary from such Lender prior to the making of such Loan or the issuance of such
Letter of Credit. The Administrative Agent may consult with legal counsel (who may be counsel for any of the Loan Parties), 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. The Administrative Agent may deem and treat the payee of any Note as the owner thereof for all purposes 

  
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unless a written notice of assignment, negotiation or transfer thereof shall have been filed with the Administrative Agent. The Administrative 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 such other number or percentage of Lenders as shall be provided for herein or in the
other Loan Documents) 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
Administrative 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 such other number or percentage of Lenders
as shall be provided for herein or in the other Loan Documents), and such request and any action taken or failure to act pursuant thereto shall be binding upon the Lenders and all future holders of the Loans. 

9.5 Notice of Default. The Administrative Agent shall not be deemed to have knowledge or notice of the occurrence of any Default
or Event of Default unless the Administrative Agent has received notice in writing from a Lender, Holdings, or the Borrower referring to this Agreement, describing such Default or Event of Default and stating that such notice is a “notice
of default.” In the event that the Administrative Agent receives such a notice, the Administrative Agent shall give notice thereof to the Lenders. The Administrative Agent shall take such action with respect to such Default or Event of
Default as shall be reasonably directed by the Required Lenders (or, if so specified by this Agreement, all Lenders); provided that unless and until the Administrative Agent shall have received such directions, the Administrative 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. 

9.6 Non-Reliance on Administrative Agent and Other Lenders. Each Lender expressly
acknowledges that neither the Administrative Agent nor any of its officers, directors, employees, agents, attorneys in fact or Affiliates has made any representations or warranties to it and that no act by the Administrative Agent hereafter
taken, including any review of the affairs of a Group Member or any Affiliate of a Group Member, shall be deemed to constitute any representation or warranty by the Administrative Agent to any Lender. Each Lender represents to the Administrative
Agent that it has, independently and without reliance upon the Administrative Agent or any other Lender or any of their Related Parties, 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 Group Members and their Affiliates and made its own credit analysis and decision to make its Loans hereunder and enter into this
Agreement. Each Lender also agrees that it will, independently and without reliance upon the Administrative Agent or any other Lender or any of their Related Parties, and based on such documents and information as it shall from time to time deem
appropriate, continue to make its own credit analysis, appraisals and decisions in taking or not taking action under or based upon this Agreement, the other Loan Documents or any related agreement or any document furnished hereunder or thereunder,
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 Group Members and their Affiliates. Except for notices, reports and other
documents expressly required to be furnished to the Lenders by the Administrative Agent hereunder, the Administrative Agent shall have no 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 Group Member or any Affiliate of a Group Member that may come into the possession of the Administrative Agent or any of its officers, directors,
employees, agents, attorneys in fact or Affiliates. 
 9.7 Indemnification. Each of the Lenders agrees to indemnify each of the
Administrative Agent, the Issuing Lender and the Swingline Lender and each of its Related Parties in its capacity as such (to the extent not reimbursed by Holdings, the Borrower or any other Loan Party and without limiting the 

  
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obligation of Holdings, the Borrower or any other Loan Party to do so) according to its Aggregate Exposure Percentage in effect on the date on which indemnification is sought under this
Section 9.7 (or, if indemnification is sought after the date upon which the Commitments shall have terminated and the Loans shall have been paid in full, in accordance with its Aggregate Exposure Percentage immediately
prior to such date), from and against any and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, 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 the Administrative Agent or such other Person 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 the Administrative Agent or such other Person under or in connection with any of the foregoing and any other amounts not reimbursed by
Holdings, the Borrower or such other Loan Party; 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 primarily from the Administrative Agent’s or such other Person’s gross negligence or willful misconduct. The agreements in this
Section shall survive the payment of the Loans and all other amounts payable hereunder. 
 9.8 Agent in Its Individual Capacity. The
Person serving as the Administrative Agent hereunder shall have the same rights and powers in its capacity as a Lender as any other Lender and may exercise the same as though it were not the Administrative Agent and the term
“Lender” or “Lenders” shall, unless otherwise expressly indicated or unless the context otherwise requires, include the Person serving as the Administrative Agent hereunder in its individual capacity. Such Person and its
Affiliates may accept deposits from, lend money to, own securities of, act as the financial advisor or in any other advisory capacity for and generally engage in any kind of business with the Borrower, Holdings or any Subsidiary or other Affiliate
thereof as if such Person were not the Administrative Agent hereunder and without any duty to account therefor to the Lenders. 
 9.9
Successor Administrative Agent. 
 (a) The Administrative Agent may at any time give notice of its resignation to the Lenders and the
Borrower. Upon receipt of any such notice of resignation, the Required Lenders shall have the right, in consultation with the Borrower, to appoint a successor. If no such successor shall have been so appointed by the Required Lenders and shall have
accepted such appointment within thirty (30) days after the retiring Administrative Agent gives notice of its resignation (or such earlier day as shall be agreed by the Required Lenders) (the “Resignation Effective
Date”), then the retiring Administrative Agent may (but shall not be obligated to), on behalf of the Lenders, appoint a successor Administrative Agent meeting the qualifications set forth above; provided that in no event shall
any such successor Administrative Agent be a Defaulting Lender. Whether or not a successor has been appointed, such resignation shall become effective in accordance with such notice on the Resignation Effective Date. 

(b) If the Person serving as Administrative Agent is a Defaulting Lender pursuant to clause (d) of the definition thereof, the Required
Lenders may, to the extent permitted by applicable law, by notice in writing to the Borrower and such Person remove such Person as Administrative Agent and, in consultation with the Borrower, appoint a successor. If no such successor shall have been
so appointed by the Required Lenders and shall have accepted such appointment within thirty (30) days (or such earlier day as shall be agreed by the Required Lenders) (the “Removal Effective Date”), then such removal
shall nonetheless become effective in accordance with such notice on the Removal Effective Date. 

  
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 (c) With effect from the Resignation Effective Date or the Removal Effective Date (as
applicable) (i) the retiring or removed Administrative Agent shall be discharged from its duties and obligations hereunder and under the other Loan Documents (except that in the case of any collateral security held by the Administrative Agent
on behalf of the Secured Parties under any of the Loan Documents, the retiring or removed Administrative Agent shall continue to hold such collateral security until such time as a successor Administrative Agent is appointed and such collateral
security is assigned to such successor Administrative Agent) and (ii) except for any indemnity payments owed to the retiring or removed Administrative Agent, all payments, communications and determinations provided to be made by, to or through
the Administrative Agent shall instead be made by or to each Lender directly, until such time, if any, as the Required Lenders appoint a successor Administrative Agent as provided for above in this Section. Upon the acceptance of a successor’s
appointment as Administrative Agent hereunder, such successor shall succeed to and become vested with all of the rights, powers, privileges and duties of the retiring or removed Administrative Agent (other than any rights to indemnity payments owed
to the retiring or removed Administrative Agent), and the retiring or removed Administrative Agent shall be discharged from all of its duties and obligations hereunder or under the other Loan Documents (if not already discharged therefrom as
provided above in this Section). The fees payable by the Borrower to a successor Administrative Agent shall be the same as those payable to its predecessor unless otherwise agreed between the Borrower and such successor. After the retiring or
removed Administrative Agent’s resignation or removal hereunder and under the other Loan Documents, the provisions of Section 9 and Section 10.5 shall continue in effect for the benefit of
such retiring or removed Administrative Agent, its sub-agents and their respective Related Parties in respect of any actions taken or omitted to be taken by any of them while the retiring or removed
Administrative Agent was acting as the Administrative Agent. 
 9.10 Collateral and Guaranty Matters. 

(a) The Lenders irrevocably authorize the Administrative Agent, at its option and in 

its discretion, 
 (i) to release any Lien on any
Collateral or other property granted to or held by the Administrative Agent under any Loan Document (i) upon the Discharge of Obligations (other than contingent indemnification obligations) and the expiration or termination of all Letters of
Credit (other than Letters of Credit as to which other arrangements satisfactory to the Administrative Agent and the applicable Issuing Lender shall have been made), (ii) that is sold or otherwise disposed of or to be sold or otherwise disposed of
as part of or in connection with any sale or other disposition permitted hereunder or under any other Loan Document, or (iii) subject to Section 10.1, if approved, authorized or ratified in writing by the Required
Lenders; 
 (ii) to subordinate any Lien on any Collateral or other property granted to or held by the Administrative Agent under any Loan
Document to the holder of any Lien on such property that is permitted by Sections 7.3 (g) and (i); and 
 (iii) to release any
Guarantor from its obligations under the Guarantee and Collateral Agreement if such Person ceases to be a Subsidiary as a result of a transaction permitted under the Loan Documents. 

Upon request by the Administrative Agent at any time, the Required Lenders will confirm in writing the Administrative Agent’s authority
to release or subordinate its interest in particular types or items of property, or to release any Guarantor from its obligations under the guaranty pursuant to this Section 9.10. 

(b) The Administrative Agent shall not be responsible for or have a duty to ascertain or inquire into any representation or warranty regarding
the existence, value or collectability of the Collateral, the existence, priority or perfection of the Administrative Agent’s Lien thereon, or any certificate prepared by any Loan Party in connection therewith, nor shall the Administrative
Agent be responsible or liable to the Lenders for any failure to monitor or maintain any portion of the Collateral. 

  
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 (c) Notwithstanding anything contained in any Loan Document, no Secured Party shall have any
right individually to realize upon any of the Collateral or to enforce any guaranty of the Obligations (including any such guaranty provided by the Guarantors pursuant to the Guarantee and Collateral Agreement), it being understood and agreed that
all powers, rights and remedies under the Loan Documents may be exercised solely by the Administrative Agent on behalf of the Secured Parties in accordance with the terms thereof; provided that, for the avoidance of doubt, in no event shall a
Secured Party be restricted hereunder from filing a proof of claim on its own behalf during the pendency of a proceeding relative to any Loan Party under any Debtor Relief Law or any other judicial proceeding. In the event of a foreclosure by the
Administrative Agent on any of the Collateral pursuant to a public or private sale or other disposition, the Administrative Agent or any Secured Party may be the purchaser or licensor of any or all of such Collateral at any such sale or other
disposition, and the Administrative Agent, as agent for and representative of such Secured Party (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 Administrative Agent on behalf of the Secured Parties at such sale or other disposition. Each Secured Party, whether or not a party hereto, will be deemed, by its acceptance of the benefits of the Collateral and of
the guarantees of the Obligations provided by the Loan Parties under the Guarantee and Collateral Agreement, to have agreed to the foregoing provisions. In furtherance of the foregoing, and not in limitation thereof, no Specified Swap Agreement and
no Cash Management Agreement, the Obligations under which constitute Obligations, 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 any Loan Document except as expressly provided herein or in the Guarantee and Collateral Agreement. By accepting the benefits of the Collateral and of the guarantees of the Obligations provided by the Loan
Parties under the Guarantee and Collateral Agreement, any Secured Party that is a Cash Management Bank or a Qualified Counterparty shall be deemed to have appointed the Administrative Agent to serve as administrative agent and collateral agent under
the Loan Documents and to have agreed to be bound by the Loan Documents as a Secured Party thereunder, subject to the limitations set forth in this paragraph. 

9.11 Administrative Agent May File Proofs of Claim. In case of the pendency of any proceeding under any Debtor Relief Law or any
other judicial proceeding relative to any Loan Party, the Administrative Agent (irrespective of whether the principal of any Loan or Obligation in respect of any Letter of Credit shall then be due and payable as herein expressed or by declaration or
otherwise and irrespective of whether the Administrative Agent shall have made any demand on the Borrower) shall be entitled and empowered (but not obligated), by intervention in such proceeding or otherwise: 

(a) to file and prove a claim for the whole amount of the principal and interest owing and unpaid in respect of the Loans, Obligations in
respect of any Letter of Credit and all other Obligations that are owing and unpaid and to file such other documents as may be necessary or advisable to have the claims of the Lenders and the Administrative Agent (including any claim for the
reasonable compensation, expenses, disbursements and advances of the Lenders and the Administrative Agent and their respective agents and counsel and all other amounts due the Lenders and the Administrative Agent under Sections 2.9 and
10.5) allowed in such judicial proceeding; and 
 (b) to collect and receive any monies or other property payable or deliverable on
any such claims and to distribute the same; 

  
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 and any custodian, receiver, assignee, trustee, liquidator, sequestrator or other similar official in any
such judicial proceeding is hereby authorized by each Lender to make such payments to the Administrative Agent and, in the event that the Administrative Agent shall consent to the making of such payments directly to the Lenders, to pay to the
Administrative Agent any amount due for the reasonable compensation, expenses, disbursements and advances of the Administrative Agent and its agents and counsel, and any other amounts due the Administrative Agent under Sections 2.9 and
10.5. 
 Nothing contained herein shall be deemed to authorize the Administrative Agent to authorize or consent to or accept or adopt
on behalf of any Lender any plan of reorganization, arrangement, adjustment or composition affecting the Obligations or the rights of any Lender to authorize the Administrative Agent to vote in respect of the claim of any Lender in any such
proceeding. 
 9.12 No Other Duties, etc. Anything herein to the contrary notwithstanding, the Lead Arranger listed on the
cover page hereof shall not have any powers, duties or responsibilities under this Agreement or any of the other Loan Documents, except in its capacity, as applicable, as the Administrative Agent, a Lender, the Issuing Lender or the Swingline Lender
hereunder. 
 9.13 Cash Management Bank and Qualified Counterparty Reports. Each Cash Management Bank and each Qualified
Counterparty agrees to furnish to the Administrative Agent, as frequently as the Administrative Agent may reasonably request, with a summary of all Obligations in respect of Cash Management Services and/or Specified Swap Agreements, as applicable,
due or to become due to such Cash Management Bank or Qualified Counterparty, as applicable. In connection with any distributions to be made hereunder, the Administrative Agent shall be entitled to assume that no amounts are due to any Cash
Management Bank or Qualified Counterparty (in its capacity as a Cash Management Bank or Qualified Counterparty and not in its capacity as a Lender) unless the Administrative Agent has received written notice thereof from such Cash Management Bank or
Qualified Counterparty and if such notice is received, the Administrative Agent shall be entitled to assume that the only amounts due to such Cash Management Bank or Qualified Counterparty on account of Cash Management Services or Specified Swap
Agreements are set forth in such notice. 
 9.14 Survival. This Section 9 shall survive the
Discharge of Obligations. 
 SECTION 10 

MISCELLANEOUS 
 10.1
Amendments and Waivers. 
 (a) Neither this Agreement, any other Loan Document (other than any L/C Related Document), nor any terms
hereof or thereof may be amended, supplemented or modified except in accordance with the provisions of this Section 10.1. The Required Lenders and each Loan Party party to the relevant Loan Document may, or, with the
written consent of the Required Lenders, the Administrative Agent and each Loan Party party to the relevant Loan Document may, from time to time, (i) enter into written amendments, supplements or modifications hereto and to the other Loan Documents
for the purpose of adding any provisions to this Agreement or the other Loan Documents or changing in any manner the rights of the Lenders or of the Loan Parties hereunder or thereunder or (ii) waive, on such terms and conditions as the
Required Lenders or the Administrative Agent, as the case may be, may specify in such instrument, any of the requirements of this Agreement or the other Loan Documents or any Default or Event of Default and its consequences; provided that no
such waiver and no such amendment, supplement or modification shall (A) forgive the principal amount or extend the final scheduled date of maturity of any Loan, reduce the stated rate of any interest or fee payable hereunder (except that no
amendment or modification of defined terms used in the financial covenants in this 

  
 105 

 
Agreement or waiver of any Default or Event of Default or the right to receive the Default Rate shall constitute a reduction in the rate of interest or fees for purposes of this clause (A)) or
extend the scheduled date of any payment thereof, or increase the amount or extend the expiration date of any Lender’s Revolving Commitment, in each case, without the written consent of each Lender directly affected thereby (except that no
waiver of any Overadvance repayment shall be considered such an extension); (B) eliminate or reduce the voting rights of any Lender under this Section 10.1 without the written consent of such Lender; (C) reduce any
percentage specified in the definition of Required Lenders, consent to the assignment or transfer by the Borrower of any of its rights and obligations under this Agreement and the other Loan Documents, release all or substantially all of the
Collateral or release all or substantially all the value of the guarantees (taken as a whole) of the Guarantors from their obligations under the Guarantee and Collateral Agreement, in each case without the written consent of all Lenders;
(D) (i) amend, modify or waive the pro rata requirements of Section 2.18 or any other provision of the Loan Documents requiring pro rata treatment of the Lenders in a manner that adversely affects
Revolving Lenders without the written consent of each Revolving Lender or (ii) amend, modify or waive the pro rata requirements of Section 2.18 or any other provision of the Loan Documents
requiring pro rata treatment of the Lenders in a manner that adversely affects the L/C Lenders without the written consent of each L/C Lender; (E) amend or otherwise modify the definition of the term “Borrowing Base” or any
component definition thereof if, as a result thereof, the amounts available to be borrowed by the Borrower would be increased, without the written consent of all Lenders; (F) amend, modify or waive any provision of
Section 9 without the written consent of the Administrative Agent; (G) amend, modify or waive any provision of Section 2.6 or 2.7 without the written consent of the Swingline Lender;
(H) amend, modify or waive any provision of Section 3 without the written consent of the Issuing Lender; or (I) (i) amend or modify the application of payments set forth in Section 8.3 in
a manner that adversely affects Revolving Lenders without the written consent of each affected Revolving Lender, (ii) amend or modify the application of payments set forth in Section 8.3 in a manner that adversely
affects L/C Lenders without the written consent of the L/C Lenders, or (iii) amend or modify the application of payments provisions set forth in Section 8.3 in a manner that adversely affects the Issuing Lender, any
Cash Management Bank or any Qualified Counterparty, as applicable, without the written consent of the Issuing Lender, such Cash Management Bank or any such Qualified Counterparty, as applicable. Any such waiver and any such amendment, supplement or
modification shall apply equally to each of the Lenders and shall be binding upon the Loan Parties, the Lenders, the Administrative Agent, the Issuing Lender, each Cash Management Bank, each Qualified Counterparty, and all future holders of the
Loans. In the case of any waiver, the Loan Parties, the Lenders and the Administrative Agent shall be restored to their former position and rights hereunder and under the other Loan Documents, and any Default or Event of Default waived shall be
deemed to be cured during the period such waiver is effective; but no such waiver shall extend to any subsequent or other Default or Event of Default, or impair any right consequent thereon. Notwithstanding the foregoing, the Issuing Lender may
amend any of the L/C Documents without the consent of the Administrative Agent or any other Lender and the Issuing Lender, Administrative Agent and the Borrower may make customary technical amendments if any Letter of Credit shall be issued
hereunder in a currency other than U.S. Dollars. Notwithstanding the foregoing, the Issuing Lender may amend any of the L/C-Related Documents without the consent of the Administrative Agent or any other
Lender. Notwithstanding anything to the contrary herein, no Defaulting Lender shall have any right to approve or disapprove any amendment, waiver or consent hereunder (and any amendment, waiver or consent which by its terms requires the consent of
all Lenders or each affected Lender may be effected with the consent of the applicable Lenders other than Defaulting Lenders), except that (x) the Revolving Commitment of any Defaulting Lender may not be increased or extended without the consent of
such Lender and (y) any waiver, amendment or modification requiring the consent of all Lenders or each affected Lender that by its terms affects any Defaulting Lender disproportionately adversely relative to other affected Lenders shall require
the consent of such Defaulting Lender. 

  
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 (b) Notwithstanding anything to the contrary contained in
Section 10.1(a) above, in the event that the Borrower requests that this Agreement or any of the other Loan Documents be amended or otherwise modified in a manner which would require the consent of all of the Lenders and
such amendment or other modification is agreed to by the Borrower, the Required Lenders and the Administrative Agent, then, with the consent of the Borrower, the Administrative Agent and the Required Lenders, this Agreement or such other Loan
Document may be amended without the consent of the Lender or Lenders who are unwilling to agree to such amendment or other modification (each, a “Minority Lender”), to provide for: 

(i) the termination of the Commitment of each such Minority Lender; 

(ii) the assumption of the Loans and Commitment of each such Minority Lender by one or more Replacement Lenders pursuant to the provisions of
Section 2.23; and 
 (iii) the payment of all interest, fees and other obligations payable or accrued in favor of
each Minority Lender and such other modifications to this Agreement or to such Loan Documents as the Borrower, the Administrative Agent and the Required Lenders may determine to be appropriate in connection therewith. 

(c) [Reserved] 
 (d)
Notwithstanding any provision herein to the contrary, any Cash Management Agreement may be amended or otherwise modified by the parties thereto in accordance with the terms thereof without the consent of the Administrative Agent or any Lender. 

(e) Notwithstanding any provision herein or in any other Loan Document to the contrary, no Cash Management Bank and no Qualified Counterparty
shall have any voting or approval rights hereunder (or be deemed a Lender) solely by virtue of its status as the provider or holder of Cash Management Services or Specified Swap Agreements or Obligations owing thereunder, nor shall the consent of
any such Cash Management Bank or Qualified Counterparty, as applicable, be required for any matter, other than in their capacities as Lenders, to the extent applicable. 

(f) Notwithstanding any other provision, no consent of any Lender (or other Secured Party other than the Administrative Agent) shall be
required to effectuate any amendment to implement any Increase permitted by Section 2.27. 
 (g) The Administrative
Agent may, with the consent of the Loan Parties only, amend, modify or supplement this Agreement or any of the Loan Documents to cure any omission, mistake or defect. 

10.2 Notices. 
 (a) All
notices, requests and demands to or upon the respective parties hereto to be effective shall be in writing (including by facsimile or electronic mail), and, unless otherwise expressly provided herein, shall be deemed to have been duly given or made
when delivered, or three (3) Business Days after being deposited in the mail, postage prepaid, or, in the case of facsimile or electronic mail notice, when received, addressed as follows in the case of the Borrower, Holdings and the
Administrative Agent, and as set forth in an administrative questionnaire delivered to the Administrative Agent in the case of the Lenders, or to such other address as may be hereafter notified by the respective parties hereto: 

  
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	                	 	Borrower/Holdings:	  	Bill.com, LLC
		 		  	 c/o BDC Payments Holdings. Inc.
 1810
Embarcadero Road
 Palo Alto, CA 94303
 Attention: Doug Reed

E-Mail: dreed@hq.bill.com
  

with a copy to:
  

Orrick, Herrington & Sutcliffe LLP
 405 Howard Street

San Fancisco, CA 94105-2669
 Attention: Dolph Hellman

E-Mail: dolphhellman@orrick.com

			
		 	Administrative Agent:	  	Silicon Valley Bank
		 		  	 505 Howard St Floor 3,
 San Francisco, CA
94105
 Attn: Christopher Vind

E-Mail: CVind@svb.com
  

with a copy (which shall not constitute notice) to:
  

Morrison & Foerster LLP
 200 Clarendon Street

Boston, MA 02116
 Attention: Charles Stavros

E-Mail: CStavros@mofo.com

 provided that any notice, request or demand to or upon the Administrative Agent or the Lenders shall
not be effective until received. 
 (b) Notices and other communications to the Lenders hereunder may be delivered or furnished by electronic
communications (including email and Internet or intranet websites) pursuant to procedures approved by the Administrative Agent; provided that the foregoing shall not apply to notices to any Lender pursuant to
Section 2 unless otherwise agreed by the Administrative Agent and the applicable Lender. The Administrative Agent or any Loan Party may, in its discretion, agree to accept notices and other communications to it hereunder by
electronic communications pursuant to procedures approved by it; provided that approval of such procedures may be limited to particular notices or communications. Unless the Administrative Agent otherwise prescribes, (i) notices and
other communications sent to an email address shall be deemed received upon the sender’s receipt of an acknowledgment from the intended recipient (such as by the “return receipt requested” function, as available, return email or other
written acknowledgment); and (ii) notices or communications posted to an Internet or intranet website shall be deemed received upon the deemed receipt by the intended recipient at its email address as described in the foregoing clause
(i) of notification that such notice or communication is available and identifying the website address therefor; provided that, for both clauses (i) and (ii), if such notice or other communication is not sent during the normal
business hours of the recipient, such notice or communication shall be deemed to have been sent at the opening of business on the next Business Day for the recipient. 

  
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 (c) Any party hereto may change its address or facsimile number for notices and other
communications hereunder by notice to the other parties hereto. 
 (d) (i) Each Loan Party agrees that the Administrative Agent may, but
shall not be obligated to, make the Communications (as defined below) available to the Issuing Lender and the other Lenders by posting the Communications on the Platform. 

(ii) The Platform is provided “as is” and “as available.” The Agent Parties (as defined below) do not warrant the adequacy
of the Platform and expressly disclaim liability for errors or omissions in the Communications. No warranty of any kind, express, implied or statutory, including, without limitation, any warranty of merchantability, fitness for a particular purpose,
non-infringement of third-party rights or freedom from viruses or other code defects, is made by any Agent Party in connection with the Communications or the Platform. In no event shall the Administrative
Agent or any of its Related Parties (collectively, the “Agent Parties”) have any liability to the Borrower or the other Loan Parties, any Lender or any other Person or entity for damages of any kind, including direct or
indirect, special, incidental or consequential damages, losses or expenses (whether in tort, contract or otherwise) arising out of the Borrower’s, any Loan Party’s or the Administrative Agent’s transmission of communications through
the Platform. “Communications” means, collectively, any notice, demand, communication, information, document or other material provided by or on behalf of any Loan Party pursuant to any Loan Document or the transactions
contemplated therein which is distributed to the Administrative Agent, any Lender or the Issuing Lender by means of electronic communications pursuant to this Section, including through the Platform. 

10.3 No Waiver; Cumulative Remedies. No failure to exercise and no delay in exercising, on the part of the Administrative Agent
or any Lender, any right, remedy, power or privilege hereunder or under the other Loan Documents shall operate as a waiver thereof; nor shall any single or partial exercise of any right, remedy, power or privilege hereunder preclude any other or
further exercise thereof or the exercise of any other right, remedy, power or privilege. The rights, remedies, powers and privileges herein provided are cumulative and not exclusive of any rights, remedies, powers and privileges provided by law.

 10.4 Survival of Representations and Warranties. All representations and warranties made hereunder, in the other Loan
Documents and in any document, certificate or statement delivered pursuant hereto or in connection herewith shall survive the execution and delivery of this Agreement and the making of the Loans and other extensions of credit hereunder. 

10.5 Expenses; Indemnity; Damage Waiver. 

(a) Costs and Expenses. The Borrower shall pay (i) all reasonable and documented out-of-pocket expenses incurred by the Administrative Agent and its Affiliates (including the reasonable fees, charges and disbursements of counsel for the Administrative Agent), in connection with the
syndication of the Facilities, the preparation, negotiation, execution, delivery and administration of this Agreement and the other Loan Documents, or any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the
transactions contemplated hereby or thereby shall be consummated), (ii) all reasonable out-of-pocket expenses incurred by the Issuing Lender 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
Administrative Agent or any Lender (including the fees, charges and disbursements of any counsel for the Administrative Agent and the Lenders and, if reasonably necessary, local counsel for the Administrative Agent and the Lenders in any relevant
jurisdiction (and of such other counsel in the event of a conflict)), in connection with the enforcement or protection of its rights (A) in connection with this Agreement and the other Loan Documents, including its rights under this Section, or
(B) in connection with the Loans made or Letters of Credit issued or participated in hereunder, including all such documented out -of-pocket expenses incurred
during any workout, restructuring or negotiations in respect of such Loans or Letters of Credit. 

  
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 (b) Indemnification by the Borrower. The Borrower shall indemnify the Administrative
Agent (and any sub-agent thereof), each Lender (including the Issuing Lender), 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 and related expenses (including the reasonable, documented,
out-of-pocket fees, charges and disbursements of any counsel for any Indemnitee), incurred by any Indemnitee or asserted against any Indemnitee by any Person (including
the Borrower or any other Loan Party) other than such Indemnitee and its Related Parties arising out of, in connection with, or as a result of (i) the execution or delivery of this Agreement, any other Loan Document or any agreement or
instrument contemplated hereby or thereby, the performance by the parties hereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or thereby, (ii) any Loan or Letter of Credit
or the use or proposed use of the proceeds therefrom (including any refusal by the Issuing Lender 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), (iii) any actual or alleged presence or release of Materials of Environmental Concern on or from any property owned or operated by the Borrower or any of its Subsidiaries, or any Environmental Liability related in any way
to the Borrower or any of its Subsidiaries, or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by a third party
or by the Borrower or any other Loan Party, and regardless of whether any Indemnitee is a party thereto; provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities
or related expenses (x) are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from the gross negligence or willful misconduct of such Indemnitee or (y) result from a claim brought by the
Borrower or any other Loan Party against an Indemnitee for breach in bad faith of such Indemnitee’s obligations hereunder or under any other Loan Document, if the Borrower or such Loan Party has obtained a final and nonappealable judgment in
its favor on such claim as determined by a court of competent jurisdiction. This Section 10.5(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) Reimbursement by Lenders. To the extent that the Borrower for any reason fails
indefeasibly to pay any amount required under paragraph (a) or (b) of this Section to be paid by it to the Administrative Agent (or any sub-agent thereof), the Issuing Lender, the Swingline Lender or any
Related Party of any of the foregoing, each Lender severally agrees to pay to the Administrative Agent (or any such sub-agent), the Issuing Lender, the Swingline Lender or such Related Party, as the case may
be, such Lender’s pro rata share (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought based on each Lender’s share of the Total Credit Exposure at such time) of such unpaid amount
(including any such unpaid amount in respect of a claim asserted by such Lender); provided further, that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or
asserted against the Administrative Agent (or any such sub-agent), the Issuing Lender or the Swingline Lender in its capacity as such, or against any Related Party of any of the foregoing acting for the
Administrative Agent (or any such sub-agent), the Issuing Lender or the Swingline Lender in connection with such capacity. The obligations of the Lenders under this paragraph (c) are subject to the
provisions of Sections 2.1, 2.4 and 2.20(e). 

  
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 (d) Waiver of Consequential Damages, Etc. To the fullest extent permitted by
applicable law, the Borrower and each other Loan Party shall not assert, and hereby waives, any claim against any Indemnitee, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual
damages) arising out of, in connection with, or as a result of, this Agreement, any other Loan Document or any agreement or instrument contemplated hereby, the transactions contemplated hereby or thereby, any Loan or Letter of Credit, or the use of
the proceeds thereof. No Indemnitee referred to in paragraph (b) above shall be liable for any damages arising from the use by unintended recipients of any information or other materials distributed by it through telecommunications, electronic
or other information transmission systems in connection with this Agreement or the other Loan Documents or the transactions contemplated hereby or thereby. 

(e) Payments. All amounts due under this Section shall be payable promptly after written demand therefor. 

(f) Survival. Each party’s obligations under this Section shall survive the Discharge 

of Obligations. 
 10.6 Successors and Assigns;
Participations and Assignments. 
 (a) Successors and Assigns Generally. 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 (which, for purposes of this Section 10.6, shall include any Cash Management Bank and any Qualified Counterparty,
except that neither the Borrower nor any other Loan Party may assign or otherwise transfer any of its rights or obligations hereunder without the prior written consent of the Administrative Agent and each Lender, and no Lender may assign or
otherwise transfer any of its rights or obligations hereunder except (i) , to an assignee in accordance with the provisions of paragraph (b) of this Section, (ii) by way of participation in accordance with the provisions of
Section 10.6(d), or (iii) by way of pledge or assignment of a security interest subject to the restrictions of Section 10.6(e) (and any other attempted assignment or transfer by any party
hereto shall be null and void). 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, Participants to the extent
provided in paragraph (d) of this Section and, to the extent expressly contemplated hereby, the Related Parties of each of the Administrative Agent and the Lenders) any legal or equitable right, remedy or claim under or by reason of this
Agreement. 
 (b) Assignments by Lenders. Any Lender may at any time assign to one or more 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); provided that (in each case with respect to any Facility) any such assignment shall be subject to the following
conditions: 
 (i) Minimum Amounts. 

(A) in the case of an assignment of the entire remaining amount of the assigning Lender’s Commitment and/or the Loans at the time owing
to it (in each case with respect to any Facility) or contemporaneous assignments to related Approved Funds (determined after giving effect to such assignments) that equal at least the amount specified in paragraph (b)(i)(B) of this Section in the
aggregate or in the case of an assignment to a Lender, an Affiliate of a Lender or an Approved Fund, no minimum amount need be assigned; and 

(B) in any case not described in paragraph (b)(i)(A) of this Section, the aggregate amount of the Commitment (which for this purpose includes
Loans outstanding thereunder) or, if the applicable Commitment is not then in effect, the principal outstanding balance of the 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 Administrative Agent or, if “Trade Date” 

  
 111 

 
is specified in the Assignment and Assumption, as of the Trade Date) shall not be less than $5,000,000, unless each of the Administrative Agent and, so long as no Default or Event of Default has
occurred and is continuing, the Borrower otherwise consents (each such consent not to be unreasonably withheld or delayed). 
 (ii)
Proportionate Amounts. Each partial assignment 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 the Loan or the Commitment assigned, except
that this clause (ii) shall not prohibit any Lender from assigning all or a portion of its rights and obligations among separate Facilities on a non-pro rata basis. 

(iii) Required Consents. No consent shall be required for any assignment except to the extent required by paragraph (b)(i)(B) of this
Section and, in addition: 
 (A) the consent of the Borrower (such consent not to be unreasonably withheld or delayed) shall be required
unless (x) an Event of Default has occurred and is continuing at the time of such assignment, or (y) such assignment is to a Lender, an Affiliate of a Lender or an Approved Fund; provided that the Borrower shall be deemed to have
consented to any such assignment unless it shall object thereto by written notice to the Administrative Agent within five (5) Business Days after having received notice thereof; 

(B) the consent of the Administrative Agent (such consent not to be unreasonably withheld or delayed) shall be required for assignments in
respect of the Revolving Facility if such assignment is to a Person that is not a Lender with a Revolving Commitment; and 
 (C) the consent
of the Issuing Lender and the Swingline Lender (such consent not to be unreasonably withheld or delayed) shall be required for any assignment in respect of the Revolving Facility. 

(iv) Assignment and Assumption. The parties to each assignment shall execute and deliver to the Administrative Agent an Assignment and
Assumption, together with a processing and recordation fee of $3,500; provided that the Administrative Agent may, in its sole discretion, elect to waive such processing and recordation fee in the case of any assignment. The assignee,
if it is not a Lender, shall deliver to the Administrative Agent any such administrative questionnaire as the Administrative Agent may request. 

(v) No Assignment to Certain Persons. No such assignment shall be made to 

(A) the Borrower or any of the Borrower’s Affiliates or Subsidiaries, (B) any Defaulting Lender or any of its Subsidiaries, or any
Person who, upon becoming a Lender hereunder, would constitute any of the foregoing Persons described in this clause (B) or (C) any Excluded Lender. 

(vi) No Assignment to Natural Persons. No such assignment shall be made to a natural Person (or a holding company, investment vehicle
or trust established for, or owned and operated for the primary benefit of, a natural Person). 
 (vii) Certain Additional Payments.
In connection with any assignment of rights and obligations of any Defaulting Lender hereunder, no such assignment shall be effective unless and until, in addition to the other conditions thereto set forth herein, the parties to the assignment shall
make such additional payments to the Administrative Agent in an aggregate amount sufficient, upon distribution thereof as appropriate (which may be outright payment, purchases by the assignee of participations or subparticipations, or other
compensating actions, including funding, with the consent of 

  
 112 

 
the Borrower and the Administrative Agent, the applicable pro rata share of Loans previously requested but not funded by the Defaulting Lender, to each of which the applicable assignee and
assignor hereby irrevocably consent), to (x) pay and satisfy in full all payment liabilities then owed by such Defaulting Lender to the Administrative Agent, the Issuing Lender, the Swingline Lender and each other Lender hereunder (and interest
accrued thereon), and (y) acquire (and fund as appropriate) its full pro rata share of all Loans and participations in Letters of Credit and Swingline Loans in accordance with its Revolving Percentage. Notwithstanding the foregoing, in the
event that any assignment of rights and obligations of any Defaulting Lender hereunder shall become effective under applicable law without compliance with the provisions of this paragraph, then the assignee of such interest shall be deemed to be a
Defaulting Lender for all purposes of this Agreement until such compliance occurs. 
 Subject to acceptance and recording thereof by the Administrative
Agent pursuant to paragraph (c) of this Section, from and after the effective date specified in each Assignment and Assumption, the assignee thereunder shall be a party to this Agreement 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
of Sections 2.19, 2.20, 2.21 and 10.5 with respect to facts and circumstances occurring prior to the effective date of such assignment; provided, that except to the extent otherwise expressly agreed by the affected
parties, no assignment by a Defaulting Lender will constitute a waiver or release of any claim of any party hereunder arising from that Lender’s having been a Defaulting Lender. Any assignment or transfer by a Lender of rights or obligations
under this Agreement that does not comply with this paragraph 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 (d) of this Section. 

(c) Register. The Administrative Agent, acting solely for this purpose as an agent of the Borrower, shall maintain at one of its offices
in California 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 Commitments of, and principal amounts (and stated interest) of the Loans owing to, each
Lender pursuant to the terms hereof from time to time (the “Register”). The entries in the Register shall be conclusive absent manifest error, and the Borrower, the Administrative Agent and the Lenders shall treat each Person
whose name is recorded in the Register pursuant to the terms hereof as a Lender hereunder for all purposes of this Agreement. The Register shall be available for inspection by the Borrower and any Lender, at any reasonable time and from time to time
upon reasonable prior notice. 
 (d) Participations. Any Lender may at any time, without the consent of, or notice to, the Borrower or
the Administrative Agent, sell participations to any Person (other than a natural Person, a holding company, investment vehicle or trust established for, or owned and operated for the primary benefit of, a natural Person, or the Borrower or any of
the Borrower’s Affiliates or Subsidiaries) (each, a “Participant”) in all or a portion of such Lender’s rights and/or obligations under this Agreement (including all or a portion of its Commitment and/or the Loans
owing to it); provided that (i) such Lender’s obligations under this Agreement shall remain unchanged, (ii) such Lender shall remain solely responsible to the other parties hereto for the performance of such obligations, and
(iii) the Borrower, the Administrative Agent, the Issuing Lender 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. For the
avoidance of doubt, each Lender shall be responsible for the indemnities under Sections 2.20(e) and 9.7 with respect to any payments made by such Lender to its
 Participant(s). 

  
 113 

 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 which affects such Participant and for which the consent of such Lender is required (as described in Section 10.1). The
Borrower agrees that each Participant shall be entitled to the benefits of Sections 2.19, 2.20 and 2.21 (subject to the requirements and limitations therein, including the requirements under
Section 2.20(f) (it being understood that the documentation required under Section 2.20(f) shall be delivered by such Participant to the Lender granting such participation)) to the same extent as
if it were a Lender and had acquired its interest by assignment pursuant to Section 10.6(b); provided that such Participant (A) agrees to be subject to the provisions of Sections 2.23 as if it were an
assignee under Section 10.6(b); and (B) shall not be entitled to receive any greater payment under Sections 2.19 or 2.20, with respect to any participation, 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 any Requirement of Law that occurs after the Participant acquired the applicable participation. Each Lender that sells a participation
agrees, at the Borrower’s request and expense, to use reasonable efforts to cooperate with the Borrower to effectuate the provisions of Section 2.23 with respect to any Participant. To the extent permitted by law, each
Participant also shall be entitled to the benefits of Section 10.7 as though it were a Lender; provided that such Participant agrees to be subject to Section 2.18(k) 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 Borrower, maintain a register on which it enters the name and address of each Participant
and the principal amounts (and stated interest) of each Participant’s interest in the Loans or other obligations under the Loan Documents (the “Participant Register”); provided that no Lender shall have any
obligation to disclose all or any portion of the Participant Register (including the identity of any Participant or any information relating to a Participant’s interest in any commitments, loans, letters of credit or its other obligations under
any Loan Document) to any Person except to the extent that such disclosure is necessary to establish that such commitment, loan, letter of credit or other obligation is in registered form under
Section 5f.103-1(c) of the United States Treasury Regulations. The entries in the Participant Register shall be conclusive absent manifest error, and such Lender shall treat each Person whose name is
recorded in the Participant Register as the owner of such participation for all purposes of this Agreement notwithstanding any notice to the contrary. For the avoidance of doubt, the Administrative Agent (in its capacity as Administrative Agent)
shall have no responsibility for maintaining a Participant Register. 
 (e) Certain Pledges. 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; provided that no such pledge or
assignment shall release such Lender from any of its obligations hereunder or substitute any such pledgee or assignee for such Lender as a party hereto. 

(f) Notes. The Borrower, upon receipt by the Borrower of written notice from the relevant Lender, agrees to issue Notes to any Lender
requiring Notes to facilitate transactions of the type described in Section 10.6. 
 (g) Representations and
Warranties of Lenders. Each Lender, upon execution and delivery hereof or upon succeeding to an interest in the Commitments or Loans, as the case may be, represents and warrants as of the Closing Date or as of the effective date of the
applicable Assignment and Assumption that (i) it is an Eligible Assignee; (ii) it has experience and expertise in the making of or investing in commitments, loans or investments such as the Commitments and Loans; and (iii) it will
make or invest in its Commitments and Loans for its own account in the ordinary course of its business and without a view to distribution of such Commitments and Loans within the meaning of the Securities Act or the Exchange Act, or other federal
securities laws (it being understood that, subject to the provisions of this Section 10.6, the disposition of such Commitments and Loans or any interests therein shall at all times remain within its exclusive control). 

  
 114 

 10.7 Adjustments; Set-off. 

(a) Except to the extent that this Agreement expressly provides for payments to be allocated to a particular Lender or to the Lenders under a
particular Facility, if any Lender (a “Benefitted Lender”) shall receive any payment of all or part of the Obligations owing to it, or receive any collateral in respect thereof (whether voluntarily
or involuntarily, by set-off, pursuant to events or proceedings of the nature referred to in Section 8.1(f), or otherwise), in a greater proportion than any such payment to or
collateral received by any other Lender, if any, in respect of the Obligations owing to such other Lender, such Benefitted Lender shall purchase for cash from the other Lenders a participating interest in such portion of the Obligations owing to
each such other Lender, or shall provide such other Lenders with the benefits of any such collateral, as shall be necessary to cause such Benefitted Lender to share the excess payment or benefits of such collateral ratably with each of the Lenders;
provided that if all or any portion of such excess payment or benefits is thereafter recovered from such Benefitted Lender, such purchase shall be rescinded, and the purchase price and benefits returned, to the extent of such recovery, but
without interest. 
 (b) Upon (i) the occurrence and during the continuance of any Event of Default and (ii) obtaining the prior written
consent of the Administrative Agent, each Lender and each of its Affiliates is hereby authorized at any time and from time to time, without prior notice to Holdings, the Borrower or any other Loan Party, any such notice being expressly waived by
Holdings, the Borrower and each Loan Party, to the fullest extent permitted by applicable law, to set off and apply any and all deposits (general or special, time or demand, provisional or final), in any currency, at any time held or owing, and any
other credits, indebtedness, claims or obligations, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by such Lender, its Affiliates or any branch or agency thereof to
or for the credit or the account of Holdings, the Borrower or any other Loan Party, as the case may be, against any and all of the obligations of Holdings, the Borrower or such other Loan Party now or hereafter existing under this Agreement or any
other Loan Document to such Lender or its Affiliates, irrespective of whether or not such Lender or Affiliate shall have made any demand under this Agreement or any other Loan Document and although such obligations of Holdings, the Borrower or such
other Loan Party may be contingent or unmatured or are owed to a branch, office or Affiliate of such Lender different from the branch, office or Affiliate holding such deposit or obligated on such indebtedness; provided, that in the event
that any Defaulting Lender or any of its Affiliates shall exercise any such right of setoff, (x) all amounts so set off shall be paid over immediately to the Administrative Agent for further application in accordance with the provisions of
Section 2.23 and, pending such payment, shall be segregated by such Defaulting Lender or Affiliate thereof from its other funds and deemed held in trust for the benefit of the Administrative Agent and the Lenders, and
(y) the Defaulting Lender shall provide promptly to the Administrative Agent a statement describing in reasonable detail the Obligations owing to such Defaulting Lender or Affiliate thereof as to which it exercised such right of setoff. Each
Lender agrees to notify the Borrower and the Administrative Agent promptly after any such setoff and application made by such Lender or any of its Affiliates; provided that the failure to give such notice shall not affect the validity of such
setoff and application. The rights of each Lender and its Affiliates under this Section 10.7 are in addition to other rights and remedies (including other rights of set-off) which
such Lender or its Affiliates may have. 

  
 115 

 10.8 Payments Set Aside. To the extent that any payment by or on behalf of the
Borrower is made to the Administrative Agent or any Lender, or the Administrative Agent or any Lender exercises its right of setoff, and such payment or the proceeds of such setoff or any part thereof is subsequently invalidated, declared to
be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by the Administrative Agent or such Lender in its discretion) to be repaid to a trustee, receiver or any other party, in connection with any
Insolvency Proceeding or otherwise, then (a) to the extent of such recovery, the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such
setoff had not occurred, and (b) each Lender severally agrees to pay to the Administrative Agent upon demand its applicable share (without duplication) of any amount so recovered from or repaid by the Administrative Agent, plus interest
thereon from the date of such demand to the date such payment is made at a rate per annum equal to the Federal Funds Effective Rate from time to time in effect. The obligations of the Lenders under clause (b) of the preceding sentence shall
survive the Discharge of Obligations. 
 10.9 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 Administrative Agent or any Lender shall receive interest in an amount that exceeds the Maximum Rate, the excess interest shall be applied to the principal of the Loans or, if it exceeds such unpaid principal, refunded to
the Borrower. In determining whether the interest contracted for, charged, or received by the Administrative Agent 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. 
 10.10 Counterparts; Electronic Execution of Assignments. 

(a) This Agreement may be executed by one or more of the parties to this Agreement on any number of separate counterparts, and all of said
counterparts taken together shall be deemed to constitute one and the same instrument. Delivery of an executed signature page of this Agreement by facsimile or other electronic mail transmission shall be effective as delivery of an original executed
counterpart hereof. A set of the copies of this Agreement signed by all the parties shall be lodged with the Borrower and the Administrative Agent. 

(b) The words “execution,” “signed,” “signature,” and words of like import in any Assignment and Assumption shall
be deemed to include electronic signatures or the keeping of records in electronic form, each of which shall be of the same legal effect, validity or enforceability as a manually executed signature or the use of a paper-based recordkeeping system,
as the case may be, to the extent and as provided for in any applicable law, including the Federal Electronic Signatures in Global and National Commerce Act, the New York State Electronic Signatures and Records Act, or any other similar state laws
based on the Uniform Electronic Transactions Act. 
 10.11 Severability. Any provision of this Agreement 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, and any such prohibition or unenforceability in any
jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction. Without limiting the foregoing provisions of this Section 10.11, if and to the extent that the enforceability of any
provisions in this Agreement relating to Defaulting Lenders shall be limited under or in connection with any Insolvency Proceeding, as determined in good faith by the Administrative Agent or the Issuing Lender, as applicable, then such provisions
shall be deemed to be in effect only to the extent not so limited. 

  
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 10.12 Integration. This Agreement and the other Loan Documents represent the
entire agreement of Holdings, the Borrower, the other Loan Parties, the Administrative Agent and the Lenders with respect to the subject matter hereof and thereof, and there are no promises, undertakings, representations or warranties by the
Administrative Agent or any Lender relative to the subject matter hereof not expressly set forth or referred to herein or in the other Loan Documents. 

10.13 GOVERNING LAW. THIS AGREEMENT, THE OTHER LOAN DOCUMENTS, AND ANY CLAIM, CONTROVERSY, DISPUTE, CAUSE OF ACTION, OR PROCEEDING
(WHETHER BASED IN CONTRACT, TORT, OR OTHERWISE) BASED UPON, ARISING OUT OF, CONNECTED WITH, OR RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT (EXCEPT, AS TO ANY OTHER LOAN DOCUMENT, AS EXPRESSLY SET FORTH THEREIN) AND THE TRANSACTIONS
CONTEMPLATED HEREBY AND THEREBY, AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HERETO AND THERETO, SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. This
Section 10.13 shall survive the Discharge of Obligations. 
 10.14 Submission to Jurisdiction;
Waivers. Each party hereto hereby irrevocably and unconditionally: 
 (a) agrees that all disputes, controversies, claims, actions and
other proceedings involving, directly or indirectly, any matter in any way arising out of, related to, or connected with, this Agreement, any other Loan Document, any contemplated transactions related hereto or thereto, or the relationship between
any Loan Party, on the one hand, and the Administrative Agent or any Lender or any other Secured Party, on the other hand, and any and all other claims of the Borrower or any other Group Member against the Administrative Agent or any Lender or any
other Secured Party of any kind, shall be brought only in a state court located in the Borough of Manhattan, or, to the extent permitted by law, in a federal court sitting in the Borough of Manhattan; provided that nothing in this Agreement
shall be deemed to operate to preclude the Administrative Agent or any Lender or any other Secured Party from bringing suit or taking other legal action in any other jurisdiction to realize on the Collateral or any other security for the
Obligations, or to enforce a judgment or other court order in favor of Administrative Agent or such Lender or any other Secured Party, to the extent permitted by law. Holdings and the Borrower, on behalf of themselves and each other Loan Party
(i) expressly submits and consents in advance to such jurisdiction in any action or suit commenced in any such court and to the selection of any referee referred to below, (ii) hereby waives any objection that it may have based upon lack
of personal jurisdiction, improper venue, or forum non conveniens and hereby consents to the granting of such legal or equitable relief as is deemed appropriate by such court, and (iii) agrees that it shall not file any motion or other
application seeking to change the venue of any such suit or other action. Holdings and the Borrower, on behalf of themselves and each other Loan Party, hereby waives personal service of any summons, complaints, and other process issued in any such
action or suit and agrees that service of any such summons, complaints, and other process may be made by registered or certified mail addressed to the Borrower at the address set forth in Section 10.2 of this Agreement and
that service so made shall be deemed completed upon the earlier to occur of the Borrower’s actual receipt thereof or three (3) days after deposit in the U.S. mails, proper postage prepaid; 

(b) WAIVES, TO THE EXTENT PERMITTED BY APPLICABLE LAW, ITS RIGHT TO A JURY TRIAL OF ANY CLAIM, CAUSE OF ACTION, OR PROCEEDING
(WHETHER BASED IN CONTRACT, TORT, OR OTHERWISE) BASED UPON, ARISING OUT OF, CONNECTED WITH, OR RELATING TO THIS AGREEMENT, ANY OTHER LOAN DOCUMENT, OR ANY TRANSACTION CONTEMPLATED HEREBY AND THEREBY, AMONG ANY OF THE PARTIES HERETO AND THERETO. THIS
WAIVER IS A MATERIAL INDUCEMENT FOR THE PARTIES HERETO TO ENTER INTO THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS. HOLDINGS AND THE BORROWER HAS REVIEWED THIS WAIVER WITH ITS COUNSEL; and 

  
 117 

 (c) 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 any special, exemplary, punitive or consequential damages. 
 This
Section 10.14 shall survive the Discharge of Obligations. 
 10.15 Acknowledgements. Each of Holdings and
the Borrower hereby acknowledges that: 
 (a) it has been advised by counsel in the negotiation, execution and delivery of this Agreement and
the other Loan Documents; 
 (b) none of the Administrative Agent nor any Lender has any fiduciary relationship with or duty to any Group
Member arising out of or in connection with this Agreement or any of the other Loan Documents, and the relationship between the Administrative Agent and Lenders, on one hand, and the Group Members, on the other hand, in connection herewith or
therewith is solely that of debtor and creditor; and 
 (c) no joint venture is created hereby or by the other Loan Documents or otherwise
exists by virtue of the transactions contemplated hereby among the Lenders or among the Group Members and the Lenders. 
 10.16 Releases
of Guarantees and Liens. 
 (a) Notwithstanding anything to the contrary contained herein or in any other Loan Document, the
Administrative Agent is hereby irrevocably authorized by each Lender (without requirement of notice to or consent of any Lender except as expressly required by Section 10.1) to take any action requested by the Borrower
having the effect of releasing any Collateral or guarantee obligations (1) to the extent necessary to permit consummation of any transaction not prohibited by any Loan Document or that has been consented to in accordance with
Section 10.1 or (2) under the circumstances described in Section 10.16(b) below. 

(b) Upon the Discharge of Obligations, the Collateral (other than any cash collateral securing any Specified Swap Agreements, any Cash
Management Services or outstanding Letters of Credit) shall be released from the Liens created by the Security Documents and Cash Management Agreements (other than any Cash Management Agreements used to Cash Collateralize any Obligations arising in
connection with Cash Management Agreements), and all obligations (other than those expressly stated to survive such termination) of the Administrative Agent and each Loan Party under the Security Documents and Cash Management Agreements (other than
any Cash Management Agreements used to cash collateralize any Obligations arising in connection with Cash Management Agreements) shall terminate, all without delivery of any instrument or performance of any act by any Person. 

10.17 Treatment of Certain Information; Confidentiality. Each of the Administrative Agent and each Lender agrees to maintain the
confidentiality of the Information (as defined below), except that Information may be disclosed (a) to its Affiliates and to its Related Parties (it being understood that the Persons to whom such disclosure is made will be informed of the
confidential nature of such Information and instructed to keep such Information confidential); (b) to the extent required or requested by any regulatory authority purporting to have jurisdiction over such Person or its Related Parties (including any

  
 118 

 
self-regulatory authority, such as the National Association of Insurance Commissioners); (c) to the extent required by applicable laws or regulations or by any subpoena or similar legal process;
(d) to any other party hereto; (e) in connection with the exercise of any remedies hereunder or under any other Loan Document or any action or proceeding relating to this Agreement or any other Loan Document or the enforcement of rights
hereunder or thereunder; (f) subject to an agreement containing provisions substantially the same as those of this Section, to (i) any assignee of or Participant in, or any prospective assignee of or Participant in, any of its rights and
obligations under this Agreement, or (ii) any actual or prospective party (or its Related Parties) to any swap, derivative or other transaction under which payments are to be made by reference to the Borrower and its obligations, this Agreement
or payments hereunder; (g) on a confidential basis to (i) any rating agency in connection with rating the Borrower or its Subsidiaries or the Facilities or (ii) the CUSIP Service Bureau or any similar agency in connection with the
issuance and monitoring of CUSIP numbers with respect to the Facilities; (h) with the consent of the Borrower; or (i) to the extent such Information (x) becomes publicly available other than as a result of a breach of this Section, or
(y) becomes available to the Administrative Agent, any Lender or any of their respective Affiliates on a non-confidential basis from a source other than the Borrower. In addition, the Administrative
Agent, the Lenders, and any of their respective Related Parties, may (A) disclose the existence of this Agreement and information about this Agreement to market data collectors, similar service providers to the lending industry and service
providers to the Administrative Agent or the Lenders in connection with the administration of this Agreement, the other Loan Documents, and the Commitments; and (B) use any information (not constituting Information subject to the foregoing
confidentiality restrictions) related to the syndication and arrangement of the credit facilities contemplated by this Agreement in connection with marketing, press releases, or other transactional announcements or updates provided to investor or
trade publications, including the placement of “tombstone” advertisements in publications of its choice at its own expense. 

Notwithstanding anything herein to the contrary, any party to this Agreement (and any employee, representative, or other agent of any party to
this Agreement) may disclose to any and all persons, without limitation of any kind, the tax treatment and tax structure of the transactions contemplated by this Agreement and all materials of any kind (including opinions or other tax analyses) that
are provided to it relating to such tax treatment and tax structure. However, any such information relating to the tax treatment or tax structure is required to be kept confidential to the extent necessary to comply with any applicable federal or
state securities laws, rules, and regulations. 
 For purposes of this Section, “Information” means all information
received from the Borrower or any of its Subsidiaries relating to the Borrower or any of its Subsidiaries or any of their respective businesses, other than any such information that is available to the Administrative Agent or any Lender on a
non-confidential basis prior to disclosure by the Borrower or any of its Subsidiaries; provided that, in the case of information received from the Borrower or any of its Subsidiaries after the date hereof, such information is clearly
identified at the time of delivery as proprietary or confidential. Any Person required to maintain the confidentiality of Information as provided in this Section shall be considered to have complied with its obligation to do so if such Person has
exercised the same degree of care to maintain the confidentiality of such Information as such Person would accord to its own confidential or proprietary information. 

10.18 Automatic Debits. With respect to any principal, interest, fee, or, with prior notice to the Borrower, any other cost or
expense (including attorney costs of the Administrative Agent or any Lender payable by the Borrower hereunder) due and payable to the Administrative Agent or any Lender under the Loan Documents, the Borrower hereby irrevocably authorizes the
Administrative Agent to debit any deposit account of the Borrower maintained with the Administrative Agent in an amount such that the aggregate amount debited from all such deposit accounts does not exceed such principal, interest, fee or other cost
or expense. If there are insufficient funds in such deposit accounts to cover the amount then due, such debits will be reversed (in whole or in part, in the Administrative Agent’s sole discretion) and such amount not debited shall be deemed to
be unpaid. No such debit under this Section 10.18 shall be deemed a set-off. 

  
 119 

 10.19 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 Administrative 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 and each other Loan Party in respect of any such sum due from it to the Administrative Agent or
any Lender hereunder or under any other Loan Document 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 the Administrative Agent or such Lender, as the case may be, of
any sum adjudged to be so due in the Judgment Currency, the Administrative 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 the Administrative Agent or any Lender from any Borrower or any other Loan Party in the Agreement Currency, such Borrower and each other Loan Party agrees, as a separate
obligation and notwithstanding any such judgment, to indemnify the Administrative 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 the
Administrative Agent or any Lender in such currency, the Administrative Agent or such Lender, as the case may be, agrees to return the amount of any excess to such Borrower or other Loan Party, as applicable (or to any other Person who may be
entitled thereto under applicable law). 
 10.20 Patriot Act; Other Regulations. Each Lender and the Administrative Agent (for
itself and not on behalf of any other party) hereby notifies each Loan Party that, pursuant to the requirements of “know your customer” and anti-money laundering rules and regulations, including the Patriot Act and 31 C.F.R.
§ 1010.230, it is required to obtain, verify and record information that identifies each Loan Party and certain related parties thereto, which information includes the names and addresses and other information that will allow such Lender
or the Administrative Agent, as applicable, to identify each Loan Party and certain of their beneficial owners and other officers in accordance with the Patriot Act and 31 C.F.R. § 1010.230. Each Loan Party will, and will cause each of
their respective Subsidiaries to, provide, to the extent commercially reasonable or required by any Requirement of Law, such information and documents and take such actions as are reasonably requested by the Administrative Agent or any Lender to
assist the Administrative Agent and the Lenders in maintaining compliance with “know your customer” requirements under the PATRIOT Act, 31 C.F.R. § 1010.230 or other applicable anti-money laundering laws. 

10.21 Acknowledgement and Consent to Bail-In of EEA Financial Institutions.
Notwithstanding anything to the contrary in this Agreement or in any other Loan Document, each party hereto acknowledges that any liability of any 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 party hereto that is an EEA Financial Institution; 

  
 120 

 (b) a conversion of all, or a portion of, such liability into Capital Stock 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 Capital Stock 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 
 (c) 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. 
 [Remainder of page left blank intentionally] 

  
 121 

 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. 
  

			
	HOLDINGS:
	
	BDC PAYMENTS HOLDINGS, INC.
		
	By:	 	 /s/ John Rettig

	Name:	 	John Rettig
	Title:	 	Chief Financial Officer
	
	BORROWER:
	
	BILL.COM, LLC
		
	By:	 	 /s/ John Rettig

	Name:	 	John Rettig
	Title:	 	Chief Financial Officer

 [Signature Page to Credit Agreement] 

 
			
	ADMINISTRATIVE AGENT:
	
	SILICON VALLEY BANK
		
	By:	 	 /s/ Chris Vine

	Name:	 	Chris Vine
	Title:	 	Vice President

 [Signature Page to Credit Agreement] 

 
			
	LENDERS:
	
	SILICON VALLEY BANK,
	as Issuing Lender, Swingline Lender
	and as a Lender
		
	By:	 	 /s/ Chris Vine

	Name:	 	Chris Vine
	Title:	 	Vice President

 [Signature Page to Credit Agreement] 

 SCHEDULE 1.1A 

COMMITMENTS 
 AND
AGGREGATE EXPOSURE PERCENTAGES 
 REVOLVING COMMITMENTS 
  

									
	 Lender
	  	Revolving
Commitment	 	  	Revolving
Percentage	 
	 Silicon Valley Bank
	  	$	50,000,000	 	  	 	100.000000000	% 
	 Total
	  	$	50,000,000	 	  	 	100.000000000	% 
	
	L/C COMMITMENT	  

			
	 Lender
	  	L/C Commitment	 	  	L/C Percentage	 
	 Silicon Valley Bank
	  	$	10,000,000	 	  	 	100.000000000	% 
	 Total
	  	$	10,000,000	 	  	 	100.000000000	% 
	
	SWINGLINE COMMITMENT	  

			
	 Lender
	  	Swingline
Commitment	 	  	Exposure
Percentage	 
	 Silicon Valley Bank
	  	$	10,000,000	 	  	 	100.000000000	% 
	 Total
	  	$	10,000,000	 	  	 	100.000000000	% 

 SCHEDULE 1.1B 

EXISTING LETTERS OF CREDIT 

Letter of Credit issued by Silicon Valley Bank in the amount of $550,000. 

 SCHEDULE 4.4 

GOVERNMENTAL APPROVALS, CONSENTS, 

AUTHORIZATIONS, FILINGS AND NOTICES 

None. 

 SCHEDULE 4.13 

ERISA PLANS 
 None. 

 SCHEDULE 4.15 

SUBSIDIARIES 
  

							
	 Group Member
	  	Jurisdiction	  	Ownership Percentage	 	Record Owner
	 Borrower
	  	Delaware	  	100%	 	Holdings

 SCHEDULE 4.17 

ENVIRONMENTAL MATTERS 

None. 

 SCHEDULE 4.19(a) 

FINANCING STATEMENTS AND OTHER FILINGS 

UCC Financing Statements: 
  

					
	 GRANTOR
	 	 	  	 JURISDICTION

	Holdings	 		  	Delaware        
	Borrower	 		  	Delaware        

 Intellectual Property: 

The UCC-1 financing locations listed above and filings with the United States Patent and Trademark Office. 

Deposit Accounts: 
 Control Agreements for deposit
accounts and securities accounts listed in Schedule 2 of the Guarantee and Collateral Agreement. 

 SCHEDULE 4.27 

CAPITALIZATION 
 See
Attached. 

 SCHEDULE 7.2(d) 

EXISTING INDEBTEDNESS 
  

			
	 Loan Party
	  	 Description of Liens

	 Borrower
	  	City National Bank – Obligations related to letter of credit in the amount of $221,000
		
	 Borrower
	  	Silicon Valley Bank – Obligations related to letter of credit in the amount of $550,000
		
	 Borrower
	  	Bank of America Merrill Lynch- Cash Collateral in Restricted Account 1416309343 for potential losses in the amount of $10,000
		
	 Borrower
	  	The Bancorp Bank – Cash collateral in Restricted Account 001 1153 189 for potential losses in the amount of $25,000

 SCHEDULE 7.3(f) 

EXISTING LIENS 
  

			
	 Loan Party
	  	 Description of Liens

	Borrower	  	City National Bank – Cash collateral securing a letter of credit in the amount of $221,000
		
	Borrower	  	Bank of America Merrill Lynch – Cash Collateral for potential losses in the amount of $10,000
		
	Borrower	  	Silicon Valley Bank – Cash collateral securing a letter of credit in the amount of $550,000
		
	Borrower	  	The Bancorp Bank – Cash collateral for potential losses in the amount of $25,000

 SCHEDULE 7.8(e) 

EXISTING INVESTMENTS 
 Holdings owns 1
unit of ownership interest (100% of the ownership interests) of Borrower.EX-10.11

 Exhibit 10.11 

OFFICE LEASE 
 by and
between 
 EOSII PALO ALTO TECHNOLOGY CENTER, LLC 

a Delaware limited liability company 

(“Landlord”) 

and 
 BILL.COM, INC.

 a Delaware corporation 

(“Tenant”) 

Dated as of 

December 2, 2013 

 OFFICE LEASE 

THIS OFFICE LEASE is made between EOSII PALO ALTO TECHNOLOGY CENTER, LLC, a Delaware limited liability company (“Landlord”),
and the Tenant described in Item 1 of the Basic Lease Provisions. 
 LEASE OF PREMISES 

Landlord hereby leases to Tenant and Tenant hereby leases from Landlord, subject to all of the terms and conditions set forth herein, those
certain premises (the “Premises”) described in Item 3 of the Basic Lease Provisions and as shown in the drawing attached hereto as Exhibit A-1. The Premises are
located in the Building described in Item 2 of the Basic Lease Provisions. The Building is located in that certain multi-building project as more particularly described on Exhibit A-2
attached hereto, which is also improved with landscaping, parking facilities and other improvements, fixtures and common areas and appurtenances now or hereafter placed, constructed or erected on the Land (sometimes referred to herein as the
“Project”). 
 BASIC LEASE PROVISIONS 
  

					
	1.	  	 Tenant:
	  	 BILL.COM, INC., a Delaware corporation (“Tenant”)

			
	2.	  	 Building:
	  	 1810 Embarcadero Road

Palo Alto, California 94303

			
	3.	  	 Description of Premises:
	  	 Suite: 100B, 101A & 101B

			
		  	 Rentable Area:
	  	 22,683 square feet

			
		  	 Building Size:
	  	 32,943 square feet (subject to Paragraph 18)

			
		  	 Project Size:
	  	 259,586 square feet (subject to Paragraph 18)

			
	4.	  	 Tenant’s Proportionate Share of

Building:
	  	 68.8553% (22,683 rsf / 32,943 rsf) (See Paragraph 3)

			
		  	 Tenant’s Proportionate Share of Project:
	  	 8.7381% (22,683 rsf / 259,586 rsf) (See Paragraph 3)

			
	5.	  	 Basic Annual Rent:
	  	 (See Paragraph 2)

			
		  	 Months 1 to 12, inclusive:

Monthly Installment:
	  	  
 $73,719.75* ($3.25/square
foot of Rentable Area/month)
  
 *Provided that Tenant is not in default past
applicable notice and cure periods, during the initial nine (9) months following the Commencement Date the Basic Annual Rent payable shall be partially abated so that during this time period the Basic Annual Rent payable by Tenant shall be
equal to $52,744.25 per month (i.e., the partial abatement received by Tenant during this time period shall equal $20,975.50 per month). During this time period Tenant shall be responsible for the payment of Additional Rent in full.

			
		  	 Months 13 to 24, inclusive:

Monthly Installment:
	  	  
 $75,988.05 ($3.35/square
foot of Rentable Area/month)

  
 1 

					
		  	 Months 25 to 36, inclusive:
 Monthly
Installment:
	  	$78,256.35 ($3.45/square foot of Rentable Area/month)
			
		  	 Months 37 to 48, inclusive:
 Monthly
Installment:
	  	$80,524.65 ($3.55/square foot of Rentable Area/month)
			
		  	 Months 49 to 60, inclusive:
 Monthly
Installment:
	  	$83,019.78 ($3.66/square foot of Rentable Area/month)
			
	6.	  	Installment Payable Upon Execution:	  	$78,234.25 (to be applied towards the monthly installment of Basic Annual Rent and Additional Rent due for Month l of the Initial Term)
			
	7.	  	 Security Deposit Payable Upon

Execution:
	  	$663,477.75, in the form of a letter of credit (See Paragraph 2(c))
			
	8.	  	Initial Estimated Amount of Tenant’s Proportionate Share of Operating Costs:	  	Estimated to be $25,490.00 per month for the calendar year 2014, payable in advance, subject to periodic adjustments (See Paragraph 3)
			
	9.	  	Initial Term:	  	Sixty (60) months, commencing on the Commencement Date and ending on the day immediately preceding the sixtieth (60th) month anniversary of the Commencement Date (See Paragraph 1)
			
	10.	  	Estimated Commencement Date:	  	January 1, 2014
			
	11.	  	Estimated Termination Date:	  	December 31, 2018
			
	12.	  	Broker(s) (See Paragraph 19(k)):	  	
			
		  	Landlord’s Broker:	  	 Cornish & Carey Commercial Newmark Knight Frank

245 Lytton Avenue, Suite 150
 Palo Alto, California
94301

			
		  	Tenant’s Broker:	  	 Cornish & Carey Commercial Newmark Knight Frank

245 Lytton Avenue, Suite 150
 Palo Alto, California
94301

			
	13.	  	Number of Parking Spaces:	  	A total of seventy-three (73) parking spaces allocated as follows: (i) four (4) of such parking spaces shall be reserved visitor parking spaces in the location shown in Exhibit I attached hereto and incorporated
herein for all purposes at no additional charge to Tenant throughout the Initial Term, and (ii) sixty-nine (69) of such parking spaces shall be uncovered, unreserved parking spaces at no additional charge to Tenant throughout the Initial
Term (See Paragraph 18)
			
	14.	  	Addresses for Notices:	  	
			
		  	 To:    TENANT:
	  	 To:    LANDLORD:

  
 2 

					
			
	 	  	Prior to occupancy of the Premises:	  	Project Management Office:
			
		  	 Bill.com, Inc.
 3200 Ash Street

Palo Alto, California 94306
 Attn: Ramesh Sethuraman
	  	 c/o CBRE, Inc.
 1804 Embarcadero Road, Suite
202
 Palo Alto, California 94303
 Attention: Property
Manager

			
	 	  	After occupancy of the Premises:	  	With a copy to:
			
		  	 Bill.com, Inc.
 1810 Embarcadero Road, Suite
100B
 Palo Alto, California 94303
 Attn: Ramesh
Sethuraman
	  	 KBS Realty Advisors, LLC
 620 Newport Center
Drive, Suite 1300
 Newport Beach, California 92660
 Attn: Brent
Carroll

			
	15.	  	Place of Payment:	  	All payments payable under this Lease shall be sent to Landlord at the Project Management Office at the address specified in Item 14 or to such other address as Landlord may designate in writing.
			
	16.	  	Guarantor:	  	None
			
	17.	  	Date of this Lease:	  	See cover page
			
	18.	  	Landlord’s Construction Allowance:	  	Up to $737,197.50 ($32.50 per square foot) (See Exhibit B)
			
	19.	  	The “State” is the State of California.	  	

 This Lease consists of the foregoing introductory paragraphs and Basic Lease Provisions, the provisions of the Standard Lease
Provisions (the “Standard Lease Provisions”) (consisting of Paragraphs 1 through Paragraph 19 which follow) and Exhibits A-1 through Exhibit A-2 and Exhibits B through Exhibit J, and the following Addenda: Addendum One: One Renewal Option at Market and Addendum Two: Right of First
Offer, all of which are incorporated herein by this reference. In the event of any conflict between the provisions of the Basic Lease Provisions and the provisions of the Standard Lease Provisions, the Standard Lease Provisions shall
control. 

  
 3 

 STANDARD LEASE PROVISIONS 

 

	1.	 TERM 

(a)    The Initial Term of this Lease and the Rent (defined below) shall commence on the later to occur of (i) the
earlier to occur of (A) the date that the Tenant Improvements are Substantially Completed, or (B) the date that the Tenant Improvements would have been Substantially Completed except for Tenant Delays, or (C) the date that Tenant, or
any person occupying any of the Premises with Tenant’s permission, commences business operations from the Premises, or (ii) January 1, 2014 (such later date being the “Commencement Date”). Unless earlier terminated in
accordance with the provisions hereof, the Initial Term of this Lease shall be the period shown in Item 9 of the Basic Lease Provisions. As used herein, “Lease Term” shall mean the Initial Term referred to in Item 9 of
the Basic Lease Provisions, subject to any extension of the Initial Term hereof exercised in accordance with the terms and conditions expressly set forth herein. This Lease shall be a binding contractual obligation effective upon execution hereof by
Landlord and Tenant, notwithstanding the later commencement of the Initial Term of this Lease. The terms “Tenant Improvements” and “Substantial Completion” or “Substantially Completed” are defined
in the attached Exhibit B Work Letter. “Tenant Delays” consist of those delays defined in Exhibit B. 

(b)    The Premises will be delivered to Tenant when the Tenant Improvements have been Substantially Completed. If the
Commencement Date is delayed or otherwise does not occur on the Estimated Commencement Date, set forth in Item 10 of the Basic Lease Provisions, this Lease shall not be void or voidable, nor shall Landlord be liable to Tenant for any loss or
damage resulting therefrom. Commencing on a date no earlier than thirty (30) days prior to the date on which the Landlord estimates the Commencement Date will occur (such date being referred to herein as the “Pre-Term Access Commencement Date”) and ending on the day immediately preceding the Commencement Date (such period being referred to as the “Pre-Term Access
Period”), Tenant, and Tenant’s contractors reasonably approved by Landlord, may access the Premises (the “Pre-Term Access”) for the sole purpose of installing Tenant’s
furniture, equipment, computer and phone cabling and wiring systems, in the Premises; provided, however, Tenant and/or Tenant’s contractors, must coordinate all access to the Premises during such Pre-Term
Access Period with the property manager of the Building prior to such access. Except for the payment of Basic Annual Rent or Additional Rent under this Lease, all other terms, conditions, rules, regulations and obligations of Tenant, as set forth in
this Lease, shall apply during the Pre-Term Access Period. Tenant, and its approved contractors, shall not interfere with the completion of construction of the Tenant Improvements or cause any labor dispute as
a result of such Pre-Term Access, and Tenant hereby agrees to indemnify, defend, and hold Landlord harmless from any loss or damage to such property, and all liability, loss, or damage arising from any injury
to the Building or the property of Landlord, its contractors, subcontractors, or materialmen, and any death or personal injury to any person or persons arising out of such Pre-Term Access, EVEN IF SUCH LOSS,
DAMAGE, LIABILITY, DEATH, OR PERSONAL INJURY WAS CAUSED SOLELY OR IN PART BY LANDLORD’S NEGLIGENCE, BUT NOT TO THE EXTENT CAUSED BY THE GROSS NEGLIGENCE OR WILLFUL MISCONDUCT OF LANDLORD. Any such
Pre-Term Access shall be subject to Tenant providing to Landlord satisfactory evidence of insurance for personal injury and property damage related to such Pre-Term
Access Period prior to the commencement of the Pre-Term Access Period, including such insurance from Tenant’s contractors, as required by Landlord for third party contractors working in the Building. Any
delay in putting Tenant in possession of the Premises due to such Pre-Term Access Period shall not serve to extend the term of this Lease or to make Landlord liable for any damages arising therefrom. 

(c)    Upon Substantial Completion of the Tenant Improvements, Landlord shall prepare and deliver to Tenant, a Tenant
Commencement Certificate in the form of Exhibit F attached hereto (the “Certificate”) which Tenant shall acknowledge by executing a copy and returning it to Landlord. If Tenant fails to sign and return the Certificate
to Landlord within ten (10) business days of its receipt from Landlord, the Certificate as sent by Landlord shall be deemed to have correctly set forth the Commencement Date and the other matters addressed in the Certificate. Failure of
Landlord to send the Certificate shall have no effect on the Commencement Date. 
  

	2.	 BASIC ANNUAL RENT AND SECURITY DEPOSIT 

(a)    Tenant agrees to pay during each Lease Year (defined below) of the Lease Term as Basic Annual Rent (“Basic
Annual Rent”) for the Premises the sums shown for such periods in Item 5 of the Basic Lease Provisions. For purposes of this Lease, a “Lease Year” shall be each twelve (12) calendar month period commencing on
the Commencement Date (or anniversary thereof). 
  

  
 4 

 (b)    Except as expressly provided to the contrary herein, Basic Annual
Rent shall be payable in equal consecutive monthly installments, in advance, without demand, deduction or offset, commencing on the Commencement Date and continuing on the first day of each calendar month thereafter until the expiration of the Lease
Term. The first full monthly installment of Basic Annual Rent shall be payable upon Tenant’s execution of this Lease. The obligation of Tenant to pay Rent and other sums to Landlord and the obligations of Landlord under this Lease are
independent obligations. If the Commencement Date is a day other than the first day of a calendar month, or the Lease Term expires on a day other than the last day of a calendar month, then the Rent for such partial month shall be calculated on a
per diem basis. In the event Landlord delivers possession of the Premises to Tenant prior to the Commencement Date, Tenant agrees it shall be bound by and subject to all terms, covenants, conditions and obligations of this Lease during the period
between the date possession is delivered and the Commencement Date, other than the payment of Basic Annual Rent, in the same manner as if delivery had occurred on the Commencement Date. 

(c)    Within five (5) business days following the full execution of this Lease, Tenant shall deliver to Landlord a
Letter of Credit (the “Letter of Credit”), in form and substance as set forth in Exhibit H attached hereto or otherwise satisfactory to Landlord in its reasonable discretion, from City National Bank or another bank acceptable
to Landlord in Landlord’s reasonable determination in the initial amount of the Security Deposit, as set forth in Item 7 of the Basic Lease Provisions, as security for the performance of the provisions hereof by Tenant, if
applicable. At a minimum the Letter of Credit shall provide for the following: (i) it shall terminate no sooner than thirty days following the actual expiration date of the Lease Term, or, if it shall terminate earlier, the Letter of Credit
shall provide that it will automatically renew or be replaced annually unless Landlord (the beneficiary thereof) is notified in writing by the issuer at least thirty (30) days prior to the expiry date that the Letter of Credit will not be
renewed or replaced; and if Landlord is so notified of such non-renewal/non-replacement and Tenant does not replace the Letter of Credit with a new letter of credit from
a bank or financial institution reasonably acceptable to Landlord and otherwise in compliance with this Paragraph 2(c) within ten (10) business days prior to the expiration, Landlord (the beneficiary thereof) shall have the right to draw the
full amount of such Letter of Credit prior, to such earlier expiry date and the amounts so drawn shall be held by Landlord as a Security Deposit, and applied and disbursed in accordance with the terms of the next following paragraph; (b) it
shall be irrevocable, and (c) it shall be transferable to any successor to Landlord’s interest under this Lease. If at any time during the Lease Term the bank or financial institution that issues the letter of credit is declared insolvent,
or is placed into receivership by the Federal Deposit Insurance Corporation or any other governmental or quasi-governmental institution, or if there is a material adverse change in the financial or business condition of the bank or financial
institution from the date of the Lease as reasonably determined by Landlord, then following written notice from Landlord, Tenant shall have ten (10) business days to replace the Letter of Credit with a new letter of credit from a bank or
financial institution acceptable to Landlord in Landlord’s reasonable discretion. If Tenant does not replace the Letter of Credit with a new letter of credit from a bank or financial institution reasonably acceptable to Landlord within such ten
(10) business day period, then notwithstanding anything in the Lease to the contrary, Tenant shall be in default, and Landlord shall have the right to draw upon the Letter of Credit for the full amount of the Letter of Credit. Provided no event
of default past applicable notice and cure periods by the Tenant has occurred during the initial thirty-six (36) months following the Commencement date, then effective as of the first day of the
thirty-seventh (37th) month following the Commencement Date Landlord agrees to reduce the Security Deposit requirement hereunder and the Letter of Credit deposited by Tenant by the amount of $221,159.25 so that thereafter the total Security Deposit
required hereunder and Letter of Credit amount hereunder would be equal to $442,318.50. Provided no event of default past applicable notice and cure periods by the Tenant has occurred during the initial forty-eight (48) months following the
Commencement Date and assuming the reduction in the previous sentence has occurred, then effective as of the first day of the forty-ninth (49th) month following the Commencement Date Landlord agrees to reduce the Security Deposit requirement
hereunder and the Letter of Credit deposited by Tenant by the amount of $221,159.25 so that thereafter the total Security Deposit required hereunder and Letter of Credit amount hereunder would be equal to $221,159.25. Landlord agrees to authorize
such reduction, to the extent permitted, in writing to the issuer of the Letter of Credit. 

  
 5 

 If Tenant defaults with respect to any provision of this Lease beyond the applicable notice
and cure period, including, without limitation, the provisions relating to the payment of Rent or the cleaning of the Premises upon the termination of this Lease, or amounts which Landlord may be entitled to recover pursuant to the provisions of
Section 1951.2 of the California Civil Code, Landlord may draw down the Letter of Credit and use, apply or retain such portion of the proceeds from the Letter of Credit as may be necessary (i) for the payment of any Rent or any other sum
in default, (ii) for the payment of any other amount which Landlord may spend or become obligated to spend by reason of Tenant’s default hereunder, or (iii) to compensate Landlord for any other loss or damage which Landlord may suffer
by reason of Tenant’s default hereunder, including, without limitation, costs and reasonable attorneys’ fees incurred by Landlord to recover possession of the Premises following a default by Tenant hereunder. The use or application of the
proceeds from the Letter of Credit or any portion thereof shall not prevent Landlord from exercising any other right or remedy provided hereunder or under any Law and shall not be construed as liquidated damages. In the event Landlord draws down the
Letter of Credit pursuant to the terms of this Lease, Landlord shall not be required to keep the proceeds of the Letter of Credit separate from its general funds and Tenant shall not be entitled to interest thereon. In the event of an assignment of
the Lease which Landlord has consented to pursuant to the terms of Paragraph 11 of this Lease, the assignee of the Lease shall, contemporaneously with the assignment of the Lease, deposit with Landlord a replacement Letter of Credit in form and
substance as set forth in Exhibit H attached hereto or otherwise satisfactory to Landlord in its reasonable discretion, from a bank acceptable to Landlord in Landlord’s reasonable determination in then current amount of the Security
Deposit, as security for the performance of the provisions hereof by such assignee as “Tenant” under this Lease. If at any time Landlord draws down the Letter of Credit and does not apply the proceeds, then to the extent Tenant is not then
in default under this Lease past applicable notice and cure periods and provided that Tenant delivers to Landlord a replacement Letter of Credit in compliance with all of the terms and conditions of this Paragraph 2(c), then Landlord shall
return any unapplied portion of the proceeds of the original letter of credit within thirty (30) days after receipt of the replacement Letter of Credit. 

If any portion of the Letter of Credit is so used or applied, Tenant shall, upon demand therefor, replace the Letter of Credit within ten
(10) business days to the appropriate amount, as determined hereunder. If Tenant shall fully perform every provision of this Lease to be performed by it, the Security Deposit or any balance thereof shall be returned to Tenant (or, at
Landlord’s option, to the last assignee of Tenant’s interest hereunder) within thirty (30) days following the expiration or sooner termination of this Lease; provided, however, that Landlord may retain the Security Deposit until such
time as any amount due from Tenant in accordance with Paragraph 3 below has been determined and paid to Landlord in full. Tenant hereby waives the provisions of Section 1950.7 of the California Civil Code (excluding subsection (b)).
Tenant also waives all provisions of law, now or hereafter in force, which provide that Landlord may claim from a security deposit only those sums reasonably necessary to remedy defaults in the payment of rent, to repair damage caused by Tenant or
to clean the Premises, it being agreed that Landlord may, in addition, claim those sums reasonably necessary to compensate Landlord for any other loss or damage, foreseeable or unforeseeable, caused by the act or omission of Tenant or any Tenant
Affiliates (as defined in Paragraph 6(g)(i) below). 
 (d)    The parties agree that for all purposes hereunder
the Premises shall be stipulated to contain the number of square feet of Rentable Area described in Item 3 of the Basic Lease Provisions. Landlord calculated the Rentable Area described in Item 3 of the Basic Lease Provisions using the
definition of Rentable Area contained in Exhibit A-3 of this Lease. 
  

	3.	 ADDITIONAL RENT 

(a)    Tenant shall pay to Landlord each month, as additional rent (“Additional Rent”) an amount equal to
Tenant’s Proportionate Share (defined below) of Operating Costs for the Building and Project. 

(b)    “Tenant’s Proportionate Share” is, subject to the provisions of Paragraph 18, the
percentage number described in Item 4 of the Basic Lease Provisions. Tenant’s Proportionate Share represents, subject to the provisions of Paragraph 18, a fraction, the numerator of which is the number of square feet of Rentable
Area in the Premises and the denominator of which is the number of square feet of Rentable Area in the Building, as determined by Landlord pursuant to Paragraph 18. 

  
 6 

 (c)    “Operating Costs” means all costs, expenses and
obligations incurred or payable by Landlord in connection with the operation, ownership, management, repair or maintenance of the Building and the Project during or allocable to the Lease Term, including without limitation, the following: 

(i)    Any form of assessment, license fee, license tax, business license fee, commercial rental tax, levy,
charge, improvement bond, tax, water and sewer rents and charges, utilities and communications taxes and charges or similar or dissimilar imposition imposed by any authority having the direct power to tax, including any city, county, state or
federal government, or any school, agricultural, lighting, drainage or other improvement or special assessment district thereof, or any other governmental charge, general and special, ordinary and extraordinary, foreseen and unforeseen, which may be
assessed against any legal or equitable interest of Landlord in the Premises, Building, Common Areas or Project (collectively, (“Real Estate Taxes”). Real Estate Taxes shall also include, without limitation: 

(A)    any tax on Landlord’s “right” to rent or “right” to other income from the
Premises or as against Landlord’s business of leasing the Premises; 
 (B)    any assessment, tax,
fee, levy or charge in substitution, partially or totally, of any assessment, tax, fee, levy or charge previously included within the definition of real property tax, it being acknowledged by Tenant and Landlord that Proposition 13 was adopted by
the voters of the State of California in the June, 1978 election and that assessments, taxes, fees, levies and charges may be imposed by governmental agencies for such services as fire protection, street, sidewalk and road maintenance, refuse
removal and for other governmental services formerly provided without charge to property owners or occupants. It is the intention of Tenant and Landlord that all such new and increased assessments, taxes, fees, levies and charges be included within
the definition of “Real Estate Taxes” for the purposes of this Lease; 
 (C)    any assessment,
tax, fee, levy or charge allocable to or measured by the area of the Premises or other premises in the Building or the rent payable by Tenant hereunder or other tenants of the Project, including, without limitation, any gross receipts tax or excise
tax levied by state, city or federal government, or any political subdivision thereof, with respect to the receipt of such rent, or upon or with respect to the possession, leasing, operation, management, maintenance, alteration, repair, use or
occupancy by Tenant of the Premises, or any portion thereof but not on Landlord’s other operations; 

(D)    any assessment, tax, fee, levy or charge upon this transaction or any document to which Tenant is a
party, creating or transferring an interest or an estate in the Premises; 
 (E)    any assessment, tax,
fee, levy or charge by any governmental agency related to any transportation plan, fund or system (including assessment districts) instituted within the geographic area of which the Project is a part; and/or 

(F)    any costs and expenses (including, without limitation, reasonable attorneys fees) incurred in
attempting to protest, reduce or minimize Real Estate Taxes but only to the extent such costs and expenses result in a reduction or minimization of Real Estate Taxes. 

(ii)    The cost of utilities (including taxes and other charges incurred in connection therewith) provided
to the Premises (other than with respect to electricity and gas provided to the Premises which Tenant shall pay a separate charge to Landlord pursuant to Paragraph 7(c) below), the Building or the Project, fuel, supplies, equipment, tools,
materials, service contracts, janitorial services furnished to the common area restrooms in the Building (it being acknowledged that Tenant shall be responsible to furnish its own Premises with janitorial services pursuant to Paragraph 7(f)
below), waste and refuse disposal, gardening and landscaping; insurance, including, but not limited to, public liability, fire, property damage, earthquake, flood, rental loss, rent continuation, boiler machinery, business interruption, contractual
indemnification and All Risk coverage insurance for up to the full replacement cost of the Project and such other insurance as is customarily carried by operators of other similar class office buildings in the city in which the Project is located,
to the extent carried by Landlord in its discretion, and the deductible portion of 

  
 7 

 
any insured loss otherwise covered by such insurance; the cost of compensation, including employment, welfare and social security taxes, paid vacation days, disability, pension, medical and other
fringe benefits of all persons (including independent contractors) who perform services connected with the operation, maintenance, repair or replacement of the Project; personal property taxes on and maintenance and repair of equipment and other
personal property used in connection with the operation, maintenance or repair of the Project; repair and replacement of window coverings provided by Landlord in the premises of tenants in the Project; such reasonable auditors’ fees and legal
fees as are incurred in connection with the operation, maintenance or repair of the Project; reasonable costs incurred for administration and management of the Project, provided, however, such costs shall not exceed three percent (3%) of the gross
revenues of the Project; the maintenance of any easements or ground leases benefitting the Project, whether by Landlord or by an independent contractor; a reasonable allowance for depreciation of personal property used in the operation, maintenance
or repair of the Project; license, permit and inspection fees; capital improvements and the cost of any capital improvements made to the Project by Landlord (i) required by any new (or change in) laws, rules or regulations of any governmental
or quasi-governmental authority which are enacted or made applicable to the Project after the Date of this Lease, (ii) intended to improve life-safety systems, or (iii) to reduce operating expenses, but only to the extent that such
operating expenses are actually reduced (such costs to be amortized over such reasonable periods as Landlord shall reasonably determine) (collectively, the “Permitted Capital Improvements”); the cost of plumbing, elevator
maintenance, and repair (to include the replacement of components amortized over such reasonable periods as Landlord shall reasonably determine) and other mechanical and electrical systems repair and maintenance (provided, however, Tenant
acknowledges that with respect to the repair and maintenance of the HVAC system exclusively serving the Premises, Tenant shall pay directly to Landlord the costs of such repair and maintenance costs pursuant to Paragraph 7(g) below, but if
such HVAC system does not exclusively serve the Premises, then Tenant’s obligation with such repair and maintenance costs shall be limited to its pro rata share of such costs based on the total area that is served by such HVAC system); sign
maintenance; and Common Area (defined below) repair, resurfacing, operation and maintenance; and the cost of providing security services, if any, deemed appropriate by Landlord. 

The following items shall be excluded from Operating Costs: 

(A)    leasing commissions, attorneys’ fees, costs and disbursements and other expenses incurred in
connection with leasing, renovating or improving vacant space in the Project for tenants or prospective tenants of the Project; 

(B)    costs (including permit, license and inspection fees) incurred in renovating or otherwise improving
or decorating, painting or redecorating space for tenants or vacant space; 
 (C)    Landlord’s
costs of any services sold to tenants for which Landlord is entitled to be reimbursed by such tenants as an additional charge or rental over and above the Basic Annual Rent and Operating Costs payable under the lease with such tenant or other
occupant; 
 (D)    any depreciation or amortization of the Project except as expressly permitted herein;

 (E)    costs incurred due to a violation of Law (defined below) by Landlord relating to the Project;

 (F)    interest on debt or amortization payments on any mortgages or deeds of trust or any other debt
for borrowed money; 
 (G)    all items and services for which Tenant or other tenants reimburse Landlord
outside of Operating Costs; 
 (H)    repairs or other work occasioned by fire, windstorm or other work
paid for through insurance or condemnation proceeds (excluding any deductible); 

  
 8 

 (I)    repairs resulting from any defect in the original
design or construction of the Project; 
 (J)    rent paid to any ground lessor; 

(K)    repairs covered by proceeds of insurance or from funds provided by Tenant or any other tenant of the
Project (or where any other tenant of the Project is obligated to make such repairs or pay the cost of same) other than as a reimbursement of Operating Costs; 

(L)    repairs, alterations, additions, improvements, or replacements needed to rectify or correct any
defects in the original design, materials, or workmanship of Project or common areas; 
 (M)    executive
salaries or salaries of service personnel to the extent that such personnel perform services not in connection with the management, operation, repair, or maintenance of the Project; 

(N)    Landlord’s general overhead expenses not related to the Project; 

(O)    legal fees, accountants’ fees, and other expenses incurred in connection with disputes of
tenants or other occupants of the Project or associated with the enforcement of the terms of any leases with tenants or the defense of Landlord’s title to or interest in the Project or any part thereof; 

(P)    costs incurred due to a violation by Landlord or any other tenant of the Project of the terms and
conditions of a lease; 
 (Q)    any costs incurred to make any alterations or improvements to the
Building or Park necessary to acquire any certification as “green” or sustainable, or other similar certifications, and any costs for such certification, provided, however, Landlord shall be permitted to pass through costs relating to
maintaining such certifications once the certifications have been acquired; 
 (R)    all excess profits
taxes, franchise taxes, gift taxes, capital stock taxes, inheritance and succession taxes, estate taxes, federal, state and local income taxes, and other taxes applied or measured by Landlord’s general or net income (as opposed to rents,
receipts, or income attributable to operations at the Building) unless such taxes are in lieu of or in substitution of any Real Estate Taxes; 

(S)    a penalty fee imposed as a result of Landlord’s failure to pay Real Estate Taxes or other
amounts when due; 
 (T)    reserves; 

(U)    Real Estate Taxes in excess of the amount which would be payable if such Real Estate Taxes were paid
in installments over the longest permitted term; 
 (V)    any portion of the deductible for earthquake
insurance in excess of $50,000 in any calendar year; and 
 (W)    costs of capital improvements, except
Permitted Capital Improvements as provided above. 
 (d)    Any portion of Operating Costs which shall vary based on
occupancy for any calendar year during which actual occupancy of the Building or Project is less than ninety-five percent (95%) of the Rentable Area of the Building or Project shall be appropriately adjusted to reflect ninety-five percent (95%)
occupancy of the existing Rentable Area of the Building or Project during such period. In determining Operating Costs, if any services or utilities are separately charged to tenants of the Building or Project or others, Operating Costs shall be
adjusted by Landlord to reflect the amount of expense which would have been incurred for such services or utilities on a full 

  
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time basis for normal Building or Project operating hours. In the event (i) the Commencement Date shall be a date other than January 1, (ii) the date fixed for the expiration of the
Lease Term shall be a date other than December 31, (iii) of any early termination of this Lease, or (iv) of any increase or decrease in the size of the Premises, then in each such event, an appropriate adjustment in the application of this
Paragraph 3 shall, subject to the provisions of this Lease, be made to reflect such event on a basis reasonably determined by Landlord to be consistent with the principles underlying the provisions of this Paragraph 3. 

(e)    Prior to the commencement of each calendar year of the Lease Term following the Commencement Date, Landlord shall
have the right to give to Tenant a written estimate of Tenant’s Proportionate Share of the projected excess, if any, of the Operating Costs for the Project for the ensuing year. Tenant shall pay such estimated amount to Landlord in equal
monthly installments, in advance on the first day of each month. Within a reasonable period after the end of each calendar year, Landlord shall furnish Tenant a statement indicating in reasonable detail the Operating Costs for such period and the
parties shall, within thirty (30) days thereafter, make any payment or allowance necessary to adjust Tenant’s estimated payments to Tenant’s actual share of such Operating Costs as indicated by such annual statement. Any payment due
Landlord shall be payable by Tenant on demand from Landlord. Any amount due Tenant shall be credited against installments next becoming due under this Paragraph 3(f) or refunded to Tenant, if requested by Tenant. 

(f)    All capital levies or other taxes assessed or imposed on Landlord upon the rents payable to Landlord under this
Lease and any excise, transaction, sales, gross receipts, or privilege tax, assessment, levy or charge measured by or based, in whole or in part, upon such rents from the Premises and/or the Project or any portion thereof shall be paid by Tenant to
Landlord monthly in estimated installments or upon demand, at the option of Landlord, as additional rent to be allocated to monthly Operating Costs. 

(g)    Tenant shall pay ten (10) days before delinquency, all taxes and assessments (i) levied against any
personal property, tenant improvements or trade fixtures of Tenant in or about the Premises and (ii) based upon this Lease or any document to which Tenant is a party creating or transferring an interest in this Lease or an estate in all or any
portion of the Premises. If any such taxes or assessments are levied against Landlord or Landlord’s property or if the assessed value of the Project is increased by the inclusion therein of a value placed upon such personal property or trade
fixtures, Tenant shall upon demand reimburse Landlord for the taxes and assessments so levied against Landlord, or such taxes, levies and assessments resulting from such increase in assessed value. 

(h)    Any delay or failure of Landlord in (i) delivering any estimate or statement described in this Paragraph
3, or (ii) computing or billing Tenant’s Proportionate Share of Operating Costs shall not constitute a waiver of its right to require an increase in Rent, or in any way impair, the continuing obligations of Tenant under this
Paragraph 3; provided, that Landlord hereby waives its right to collect, and Tenant shall have no obligation to pay, Additional Rent that is not billed to Tenant within twelve (12) calendar months after the end of the calendar year when
such Additional Rent accrued. In the event of any dispute as to any Additional Rent due under this Paragraph 3, Tenant, an officer of Tenant or Tenant’s certified public accountant (but (a) in no event shall Tenant hire or employ an
accounting firm of accountants or any person to audit Landlord as set forth under this Paragraph who is compensated or paid for such audit on a contingency basis and (b) in the event Tenant hires or employs an independent party to perform such
audit, Tenant shall provide Landlord with a copy of the engagement letter) shall have the right after reasonable notice and at reasonable times to inspect Landlord’s accounting records at Landlord’s accounting office. If after such
inspection, Tenant still disputes such Additional Rent, upon Tenant’s written request therefor, a certification as to the proper amount of Operating Costs and the amount due to or payable by Tenant shall be made by an independent certified
public accountant mutually agreed to by Landlord and Tenant. If Landlord and Tenant cannot mutually agree to an independent certified public accountant, then the parties agree that Landlord shall choose an independent certified public accountant to
conduct the certification as to the proper amount of Tenant’s Proportionate Share of Operating Costs due by Tenant for the period in question; provided, however, such certified public accountant shall not be the accountant who conducted
Landlord’s initial calculation of Operating Costs to which Tenant is now objecting. Such certification shall be final and conclusive as to all parties. If the certification reflects that Tenant has overpaid Tenant’s Proportionate Share of
Operating Costs for the period in question, then Landlord shall credit such excess to Tenant’s next payment of Operating Costs or, at the request of Tenant, promptly refund such excess to Tenant and conversely, if Tenant has underpaid
Tenant’s Proportionate Share of Operating Costs, Tenant shall promptly pay such additional Operating Costs to Landlord. Tenant agrees to 

  
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pay the cost of such certification and the investigation with respect thereto; provided, however if it is determined that Landlord’s original statement was in error in Landlord’s favor
by more than five percent (5%), then Landlord shall reimburse Tenant up to $5,000 towards the cost of such certification. Tenant waives the right to dispute any matter relating to the calculation of Operating Costs or Additional Rent under this
Paragraph 3 if any claim or dispute is not asserted in writing to Landlord within one hundred eighty (180) days after delivery to Tenant of the original billing statement with respect thereto. Notwithstanding the foregoing, Tenant shall
maintain strict confidentiality of all of Landlord’s accounting records and shall not disclose the same to any other person or entity except for Tenant’s professional advisory representatives (such as Tenant’s employees, accountants,
advisors, attorneys and consultants) with a need to know such accounting information, who agree to similarly maintain the confidentiality of such financial information. 

(i)    Even though the Lease Term has expired and Tenant has vacated the Premises, when the final determination is made of
Tenant’s Proportionate Share of Operating Costs for the year in which this Lease terminates, Tenant shall promptly pay any increase due over the estimated Operating Costs paid, and conversely, any overpayment made by Tenant shall be promptly
refunded to Tenant by Landlord. 
 (j)    The Basic Annual Rent, as adjusted pursuant to Paragraphs 2, 3 and 7,
and other amounts required to be paid by Tenant to Landlord hereunder, are sometimes collectively referred to as, and shall constitute, “Rent”. 
  

	4.	 IMPROVEMENTS AND ALTERATIONS 

(a)    Landlord’s sole construction obligation under this Lease is set forth in this Paragraph 4(a) and in the Work
Letter attached hereto as Exhibit B. Upon the Substantial Completion of the Tenant Improvements, the Premises shall be in good working condition, including, but not limited to, the roof, HVAC, electrical, plumbing and
lighting. In addition, Landlord is in the process of replacing the HVAC system serving the Building and shall use commercially reasonable efforts to cause such replacement to be completed contemporaneously with the construction of the Tenant
Improvements. In the event that the replacement of the HVAC system serving the Building is not completed as of the date that is three (3) months after the Commencement Date and the existing HVAC system is not functioning or in good working
condition then Tenant shall receive one day of free Basic Annual Rent for every day thereafter until such time as the HVAC system is replaced. 

(b)    Any alterations, additions, or improvements made by or on behalf of Tenant to the Premises
(“Alterations”) shall be subject to Landlord’s prior written consent, such consent not to be unreasonably withheld or delayed. Notwithstanding anything herein to the contrary, Tenant, may, without Landlord’s prior consent,
but with prior written notice to Landlord and provided that Tenant complies with all Building rules and regulations affecting Alterations, install cosmetic, non-structural Alterations which do not affect the
HVAC, plumbing or electrical systems of the Building and which cost $50,000 or less in any calendar year. Notwithstanding the foregoing to the contrary, Tenant shall not make (i) any structural alterations, improvements or additions to the
Premises, or (ii) any alterations, improvements or additions to the Premises which (a) will adversely impact the Building’s mechanical, electrical or heating, ventilation or air conditioning systems, or (b) will adversely impact
the structure of the Building, or (c) are visible from the exterior of the Premises, or (d) which will result in the penetration or puncturing of the roof or floor, without, in each case, first obtaining Landlord’s prior written
consent or approval to such Alterations (which consent or approval shall be in the Landlord’s sole and absolute discretion).. Tenant shall cause, at its sole cost and expense, all Alterations to comply with insurance requirements and with Laws
and shall construct, at its sole cost and expense, any alteration or modification required by Laws as a direct result of any Alterations. All Alterations shall be constructed at Tenant’s sole cost and expense and in a good and workmanlike
manner by contractors reasonably acceptable to Landlord and only good grades of materials shall be used. All plans and specifications for any Alterations shall be submitted to Landlord for its approval, which approval will not be unreasonably
withheld, delayed or conditioned. Landlord may monitor construction of the Alterations. Tenant shall reimburse Landlord for all out-of-pocket sums, if any, paid by
Landlord for third party examination of Tenant’s plans and specifications for any Alterations. Landlord’s right to review plans and specifications and to monitor construction shall be solely for its own benefit, and Landlord shall have no
duty to see that such plans and specifications or construction comply with applicable laws, codes, rules and regulations. Landlord shall have the right, in its sole discretion, to instruct Tenant to remove those improvements or Alterations from the
Premises which (i) were not approved in advance by Landlord, (ii) were not built in conformance with the plans and specifications 

  
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approved by Landlord, or (iii) Landlord specified during its review of plans and specifications for Alterations would need to be removed by Tenant upon the expiration of this Lease. If
Landlord approved the construction of Alterations, then Tenant shall not be obligated to remove such Alterations at the expiration of this Lease. Landlord shall not unreasonably withhold or delay its approval with respect to what improvements or
Alterations Landlord may require Tenant to remove at the expiration of the Lease. If Landlord requires during its review of plans and specifications for Alterations Tenant to remove such Alterations from the Premises upon the termination of the
Lease, then Tenant, at Tenant’s sole cost and expense, shall remove such Alterations at the expiration or earlier termination of the Lease and Tenant shall repair and restore the Premises to its original condition prior to the installation of
such Alteration, reasonable wear and tear, casualty and condemnation excepted. Any Alterations remaining in the Premises following the expiration of the Lease Term or following the surrender of the Premises from Tenant to Landlord, shall become the
property of Landlord unless Landlord notifies Tenant otherwise. Tenant shall provide Landlord with the identities and mailing addresses of all persons performing work or supplying materials, prior to beginning such construction, and Landlord may
post on and about the Premises and record any notices of non-responsibility pursuant to applicable law. Tenant shall assure payment for the completion of all work free and clear of liens and shall provide
certificates of insurance for worker’s compensation and other coverage in amounts and from an insurance company reasonably satisfactory to Landlord protecting Landlord against liability for bodily injury or property damage during construction.
Upon completion of any Alterations and upon Landlord’s reasonable request, Tenant shall deliver to Landlord sworn statements setting forth the names of all contractors and subcontractors who did work on the Alterations and final lien waivers
from all such contractors and subcontractors. Tenant shall pay to Landlord, as additional rent, the actual out-of-pocket costs of Landlord’s engineers and other
consultants (but not Landlord’s on-site management personnel) for review of all plans, specifications and working drawings for the Alterations and for the incorporation of such Alterations in the
Landlord’s master Building drawings, within ten (10) business days after Tenant’s receipt of invoices either from Landlord or such consultant. In addition to such costs, Tenant shall pay to Landlord, within ten (10) business days
after completion of any Alterations, the actual, reasonable costs incurred by Landlord for services rendered by Landlord’s management personnel and engineers to coordinate and/or supervise any of the Alterations to the extent such services are
provided in excess of or after the normal on-site hours of such engineers and management personnel. 

(c)    Tenant shall keep the Premises, the Building and the Project free from any and all liens arising out of any
Alterations, work performed, materials furnished, or obligations incurred by or for Tenant. In the event that Tenant shall not, within ten (10) days following the imposition of any such lien, cause the same to be released of record by payment
or posting of a bond in a form and issued by a surety acceptable to Landlord, Landlord shall have the right, but not the obligation, to cause such lien to be released by such means as it shall deem proper (including payment of or defense against the
claim giving rise to such lien); in such case, Tenant shall reimburse Landlord for all amounts so paid by Landlord in connection therewith, together with all of Landlord’s costs and expenses, with interest thereon at the Default Rate (defined
below) and Tenant shall indemnify each and all of the Landlord Indemnitees (defined below) against any damages, losses or costs arising out of any such claim. Tenant’s indemnification of Landlord contained in this Paragraph shall survive the
expiration or earlier termination of this Lease. Such rights of Landlord shall be in addition to all other remedies provided herein or by law. 

(d)    NOTICE IS HEREBY GIVEN THAT LANDLORD SHALL NOT BE LIABLE FOR ANY LABOR, SERVICES OR MATERIALS FURNISHED OR TO BE
FURNISHED TO TENANT, OR TO ANYONE HOLDING THE PREMISES THROUGH OR UNDER TENANT, AND THAT NO MECHANICS’ OR OTHER LIENS FOR ANY SUCH LABOR, SERVICES OR MATERIALS SHALL ATTACH TO OR AFFECT THE INTEREST OF LANDLORD IN THE PREMISES. 

 

	5.	 REPAIRS 

(a)    Landlord shall keep the Common Areas of the Building and the Project in a clean and neat condition. Subject to
subparagraph (b) below, Landlord shall make all necessary repairs, within a reasonable period following receipt of notice of the need therefor from Tenant, to the Building HVAC system serving the Premises, exterior walls, exterior doors,
exterior locks on exterior doors and windows of the Building, and to the Common Areas and to public corridors and other public areas of the Project not constituting a portion of any tenant’s premises and shall keep all Building standard
equipment used by Tenant in common with other tenants in good condition and repair and to replace same at the end of such equipment’s normal and useful life, reasonable wear and tear and 

  
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casualty loss excepted. Except as expressly provided in Paragraph 9 of this Lease, there shall be no abatement of Rent and no liability of Landlord by reason of any injury to or
interference with Tenant’s business arising from the making of any repairs, alterations or improvements in or to any portion of the Premises, the Building or the Project. Tenant waives the right to make repairs at Landlord’s expense under
any law, statute or ordinance now or hereafter in effect (including the provisions of California Civil Code Section 1942 and any successive sections or statutes of a similar nature). 

(b)    Tenant, at its expense, (i) shall keep the Premises and all fixtures contained therein in a safe, clean and
neat condition, and (ii) shall bear the cost of maintenance and repair, by contractors reasonably approved by Landlord, of all facilities which are not expressly required to be maintained or repaired by Landlord and which are located in the
Premises, including, without limitation, lavatory, shower, toilet, wash basin and kitchen facilities and supplemental heating and air conditioning systems (including all plumbing connected to said facilities or systems installed by or on behalf of
Tenant or existing in the Premises at the time of Landlord’s delivery of the Premises to Tenant). Tenant shall make all repairs to the Premises not required to be made by Landlord under subparagraph (a) above with
replacements of any materials to be made by use of materials of equal or better quality. Tenant shall do all decorating, remodeling, alteration and painting required by Tenant during the Lease Term. Tenant shall pay for the cost of any repairs to
the Premises, the Building or the Project made necessary by any negligence or willful misconduct of Tenant or any of its assignees, subtenants, employees or their respective agents, representatives, contractors, or other persons permitted in or
invited to the Premises or the Project by Tenant. If Tenant fails to make such repairs or replacements within fifteen (15) business days after written notice from Landlord, Landlord may at its option make such repairs or replacements, and
Tenant shall upon demand pay Landlord for the cost thereof. 
 (c)    Upon the expiration or earlier termination of this
Lease, Tenant shall surrender the Premises in a safe, clean and neat condition, normal wear and tear excepted. Prior to the expiration or earlier termination of this Lease, Tenant shall remove from the Premises (i) all trade fixtures,
furnishings and other personal property of Tenant, except as otherwise set forth in Paragraph 4(b) of this Lease, and (ii) all computer and phone cabling and wiring from the Premises, and Tenant shall repair all damage caused by such
removal, and shall restore the Premises to its original condition, reasonable wear and tear excepted. In addition to all other rights Landlord may have, in the event Tenant does not so remove any such fixtures, furnishings or personal property,
Tenant shall be deemed to have abandoned the same, in which case Landlord may store the same at Tenant’s expense, appropriate the same for itself, and/or sell the same in its discretion. 

 

	6.	 USE OF PREMISES 

(a)    Tenant shall use the Premises only for general office uses, research and development and other related ancillary
uses and shall not use the Premises or permit the Premises to be used for any other purpose. Landlord shall have the right to deny its consent to any change in the permitted use of the Premises in its sole and absolute discretion. 

(b)    Tenant shall not at any time use or occupy the Premises, or permit any act or omission in or about the Premises in
violation of any law, statute, ordinance or any governmental rule, regulation or order (collectively, “Law” or “Laws”) and Tenant shall, upon written notice from Landlord, discontinue any use of the Premises which
is declared by any governmental authority to be a violation of Law. If any Law shall, by reason of the nature of Tenant’s specific use or occupancy of the Premises, impose any duty upon Tenant or Landlord with respect to (i) modification
or other maintenance of the Premises, the Building or the Project, or (ii) the use, alteration or occupancy thereof, Tenant shall comply with such Law at Tenant’s sole cost and expense. This Lease shall be subject to and Tenant shall
comply with all financing documents encumbering the Building or the Project and all covenants, conditions and restrictions affecting the Premises, the Building or the Project, including, but not limited to, Tenant’s execution of any
subordination agreements requested by a mortgagee of the Premises, the Building or the Project which is reasonably approved by Tenant. 

(c)    Tenant shall not at any time use or occupy the Premises in violation of the certificates of occupancy issued for or
restrictive covenants pertaining to the Building or the Premises, and in the event that any architectural control committee or department of the State or the city or county in which the Project is located shall at any time contend or declare that
the Premises are used or occupied in violation of such certificate or certificates of 

  
 13 

 
occupancy or restrictive covenants, Tenant shall, upon five (5) days’ notice from Landlord or any such governmental agency, immediately discontinue such use of the Premises (and
otherwise remedy such violation). The failure by Tenant to discontinue such use shall be considered a default under this Lease and Landlord shall have the right to exercise any and all rights and remedies provided herein or by Law. Any statement in
this Lease of the nature of the business to be conducted by Tenant in the Premises shall not be deemed or construed to constitute a representation or guaranty by Landlord that such business will continue to be lawful or permissible under any
certificate of occupancy issued for the Building or the Premises, or otherwise permitted by Law. 
 (d)    Tenant shall
not do or permit to be done anything which may invalidate or increase the cost of any fire, All Risk or other insurance policy covering the Building, the Project and/or property located therein and shall comply with all rules, orders, regulations
and requirements of the appropriate fire codes and ordinances or any other organization performing a similar function. In addition to all other remedies of Landlord, Landlord may require Tenant, promptly upon demand, to reimburse Landlord for the
full amount of any additional premiums charged for such policy or policies by reason of Tenant’s failure to comply with the provisions of this Paragraph 6. 

(e)    Tenant shall not in any way interfere with the rights or quiet enjoyment of other tenants or occupants of the
Premises, the Building or the Project. Tenant shall not use or allow the Premises to be used for any improper, immoral, unlawful or objectionable purpose, nor shall Tenant cause, maintain, or permit any nuisance in, on or about the Premises, the
Building or the Project. Tenant shall not place weight upon any portion of the Premises exceeding the structural floor load (per square foot of area) which such area was designated (and is permitted by Law) to carry or otherwise use any Building
system in excess of its capacity or in any other manner which may damage such system or the Building. Tenant shall not create within the Premises a working environment with a density of greater than the lesser of (i) the density permitted under
applicable laws or (ii) one hundred seventy-five (175) persons in the aggregate in the Premises. Business machines and mechanical equipment shall be placed and maintained by Tenant, at Tenant’s expense, in locations and in settings
sufficient in Landlord’s reasonable judgment to absorb and prevent vibration, noise and annoyance. Tenant shall not commit or suffer to be committed any waste in, on, upon or about the Premises, the Building or the Project. 

(f)    Tenant shall take all reasonable steps necessary to adequately secure the Premises from unlawful intrusion, theft,
fire and other hazards, and shall keep and maintain any and all security devices in or on the Premises in good working order, including, but not limited to, exterior door locks for the Premises and smoke detectors and burglar alarms located within
the Premises and shall cooperate with Landlord and other tenants in the Project with respect to access control and other safety matters. 

(g)    As used herein, the term “Hazardous Material” means any hazardous or toxic substance, material or
waste which is or becomes regulated by any local governmental authority, the State or the United States Government, including, without limitation, any material or substance which is (A) defined or listed as a “hazardous waste,”
“pollutant,” “extremely hazardous waste,” “restricted hazardous waste.” “hazardous substance” or “hazardous material” under any applicable federal, state or local
Law or administrative code promulgated thereunder, (B) petroleum, or (C) asbestos. 

(i)    Tenant agrees that all operations or activities upon, or any use or occupancy of the Premises, or
any portion thereof, by Tenant, its assignees, subtenants, and their respective agents, servants, employees, representatives and contractors (collectively referred to herein as “Tenant Affiliates”), throughout the term of this
Lease, shall be in all respects in compliance with all federal, state and local Laws then governing or in any way relating to the generation, handling, manufacturing, treatment, storage, use, transportation, release, spillage, leakage, dumping,
discharge or disposal of any Hazardous Materials. 
 (ii)    Tenant agrees to indemnify, defend and hold
Landlord and its Affiliates (defined below) harmless for, from and against any and all claims, actions, administrative proceedings (including informal proceedings), judgments, damages, punitive damages, penalties, fines, costs, liabilities, interest
or losses, including reasonable attorneys’ fees and expenses, court costs, consultant fees, and expert fees, together with all other costs and expenses of any kind or nature that arise during or after the Lease Term directly or indirectly from
or in connection with the presence, suspected presence, or release of any Hazardous Material in or into the air, soil, surface water or groundwater at, on, about, under or within the Premises, or any portion thereof caused by Tenant or Tenant
Affiliates. 

  
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 (iii)    In the event any investigation or monitoring of
site conditions or any clean-up, containment, restoration, removal or other remedial work (collectively, the “Remedial Work”) is required under any applicable federal, state or local Law, by
any judicial order, or by any governmental entity as the result of operations or activities upon, or any use or occupancy of any portion of the Premises by Tenant or Tenant Affiliates, Landlord shall perform or cause to be performed the Remedial
Work in compliance with such Law or order at Tenant’s sole cost and expense. All Remedial Work shall be performed by one or more contractors, selected and approved by Landlord, and under the supervision of a consulting engineer, selected by
Tenant and approved in advance in writing by Landlord. All costs and expenses of such Remedial Work shall be paid by Tenant, including, without limitation, the charges of such contractor(s), the consulting engineer, and Landlord’s reasonable
attorneys’ fees and costs incurred in connection with monitoring or review of such Remedial Work. 

(iv)    Each of the covenants and agreements of Tenant set forth in this Paragraph 6(g) shall
survive the expiration or earlier termination of this Lease. 
  

	7.	 UTILITIES AND SERVICES 

(a)    Landlord shall furnish, or cause to be furnished to the Premises, the utilities and services described in
Exhibit C attached hereto, subject to the conditions and in accordance with the standards set forth therein and in this Lease. 

(b)    Tenant agrees to cooperate fully at all times with Landlord and to comply with all regulations and requirements
which Landlord may from time to time prescribe for the use of the utilities and services described herein and in Exhibit C. Landlord shall not be liable to Tenant for the failure of any other tenant, or its assignees,
subtenants, employees, or their respective invitees, licensees, agents or other representatives to comply with such regulations and requirements. 

(c)    Landlord shall install, at its sole cost and expense, separate meters and/or submeters in order to measure the
electricity and gas utilized in the Premises by Tenant. Landlord shall thereafter bill Tenant for the electricity and gas consumed at the Premises and Tenant shall pay such charges to Landlord within thirty (30) days after receipt of
Landlord’s bill with respect to the same. Tenant shall pay for the costs to repair, replace and maintain the separate meters and/or submeters for gas and electricity to the Premises. In connection with water consumed in the Premises, Tenant
acknowledges that water shall not be separately metered and that Tenant shall be responsible for Tenant’s Proportionate Share of water consumed at the Building. In the event that Tenant shall require additional electric current, water or gas
for use in the Premises and if, in Landlord’s judgment, such excess requirements cannot be furnished unless additional risers, conduits, feeders, switchboards and/or appurtenances are installed in the Building, subject to the conditions stated
below, Landlord shall proceed to install the same at the sole cost of Tenant, payable upon demand in advance. The installation of such facilities shall be conditioned upon Landlord’s consent, and a determination that the installation and use
thereof (i) shall be permitted by applicable Law and insurance regulations, (ii) shall not cause permanent damage or injury to the Building or adversely affect the value of the Building or the Project, and (iii) shall not cause or
create a dangerous or hazardous condition or interfere with or disturb other tenants in the Building. Subject to the foregoing, Landlord shall, upon reasonable prior notice by Tenant, furnish to the Premises additional elevator, heating, air
conditioning and/or cleaning services upon such reasonable terms and conditions as shall be determined by Landlord, including payment of Landlord’s reasonable charge therefor. 

(d)    Landlord shall not be liable for, and Tenant shall not be entitled to, any damages, abatement or reduction of Rent,
or other liability by reason of any failure to furnish any services or utilities described herein or in Exhibit C for any reason (other than Landlord’s gross negligence or willful misconduct), including, without limitation, when
caused by accident, breakage, repairs, Alterations or other improvements to the Project, strikes, lockouts or other labor disturbances or labor disputes of any character, governmental regulation, moratorium or other governmental action, inability to
obtain electricity, water or fuel, or any other cause beyond Landlord’s 

  
 15 

 control. Landlord shall be entitled to cooperate with the energy conservation efforts of
governmental agencies or utility suppliers. No such failure, stoppage or interruption of any such utility or service shall be construed as an eviction of Tenant, nor shall the same relieve Tenant from any obligation to perform any covenant or
agreement under this Lease. In the event of any failure, stoppage or interruption thereof, Landlord shall use reasonable efforts to attempt to restore all services promptly. No representation is made by Landlord with respect to the adequacy or
fitness of the Building’s ventilating, air conditioning or other systems to maintain temperatures as may be required for the operation of any computer, data processing or other special equipment of Tenant. Notwithstanding anything in this
Paragraph 7 to the contrary, if an interruption or cessation of a utility service to the Premises from a cause within the reasonable control of Landlord results in the Premises being unusable by Tenant for the conduct of Tenant’s
business, then Basic Annual Rent shall be abated commencing on that date which is five (5) consecutive business days following the date Tenant delivers written notice to Landlord of such interruption and continuing until either such utility
service to the Premises is restored or the Premises is again usable for the conduct of Tenant’s business. If, however, Tenant reoccupies any portion of the Premises during such abatement period, the Basic Annual Rent allocable to such
reoccupied portion, based on the proportion that the Rentable Area of such reoccupied portion of the Premises bears to the total Rentable Area of the Premises, shall be payable by Tenant from the date Tenant reoccupies such portion of the Premises.
Such right to abate Basic Annual Rent shall be Tenant’s sole and exclusive remedy at law or in equity in the event of an interruption or cessation of a utility service to the Premises. Tenant hereby waives the provisions of California Civil
Code Section 1932(1) or any other applicable existing or future law, ordinance or governmental regulation permitting the termination of this Lease due to an interruption, failure or inability to provide any services. 

(e) Landlord reserves the right from time to time to make reasonable and nondiscriminatory modifications to the above standards
(including, without limitation, those described in Exhibit C) for utilities and services. 
 (f)
Notwithstanding anything herein to the contrary, Tenant shall be responsible for providing janitorial services to the Premises, at Tenant’s sole cost and expense. Tenant shall only be permitted to use such janitorial service providers that
Landlord may approve in its reasonable judgment. 
 (g) Landlord shall repair and maintain the Building HVAC systems serving
the Premises (but Tenant shall be responsible for repairing and maintaining any supplemental HVAC systems installed by Tenant), which such repair and maintenance may include periodically scheduled maintenance/service contracts. In connection with
such maintenance and repair costs of the Building HVAC system, Tenant shall reimburse Landlord for such costs within thirty (30) days after receipt of an invoice from Landlord. 

8. NON-LIABILITY AND INDEMNIFICATION OF LANDLORD; INSURANCE 

(a) Landlord shall not be liable for any injury, loss or damage suffered by Tenant or to any person or property occurring or
incurred in or about the Premises, the Building or the Project from any cause, EVEN IF SUCH LIABILITIES ARE CAUSED SOLELY OR IN PART BY THE NEGLIGENCE OF ANY LANDLORD INDEMNITEE (DEFINED BELOW), BUT NOT TO THE EXTENT SUCH LIABILITIES ARE CAUSED BY
THE GROSS NEGLIGENCE OR WILLFUL MISCONDUCT OF ANY SUCH LANDLORD INDEMNITEE (DEFINED BELOW). Without limiting the foregoing, neither Landlord nor any of its partners, officers, trustees, affiliates, directors, employees, contractors, agents or
representatives (collectively, “Affiliates”) shall be liable for and there shall be no abatement of Rent (except as set forth in Paragraph
 7(d) or except in the event of a casualty loss or a condemnation as set forth in
Paragraphs 9 and 10 of this Lease) for (i) any damage to Tenant’s property stored with or entrusted to Affiliates of Landlord, (ii) loss of or damage to any property by theft or any other wrongful or illegal act, or
(iii) any injury or damage to persons or property resulting from fire, explosion, falling plaster, steam, gas, electricity, water or rain which may leak from any part of the Building or the Project or from the pipes, appliances, appurtenances
or plumbing works therein or from the roof, street or sub-surface or from any other place or resulting from dampness or any other cause whatsoever or from the acts or omissions of other tenants, occupants or
other visitors to the Building or the Project or from any other cause whatsoever, (iv) any diminution or shutting off of light, air or view by any structure which may be erected on lands adjacent to the Building, whether within or outside of
the Project, or (v) any latent or other defect in the Premises, the Building or the Project. Tenant shall give prompt notice to Landlord in the event of (i) the occurrence of a fire or accident in the Premises or in the Building, or
(ii) the discovery of a defect therein or in the fixtures or equipment thereof. This Paragraph 8(a) shall survive the expiration or earlier termination of this Lease. 

  
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 (b) Tenant hereby agrees to indemnify, protect, defend and hold harmless
Landlord and its designated property management company, and their respective partners, members, affiliates and subsidiaries, and all of their respective officers, directors, shareholders, employees, servants, partners, representatives, insurers and
agents (collectively, “Landlord Indemnitees”) for, from and against all liabilities, claims, fines, penalties, costs, damages or injuries to persons, damages to property, losses, liens, causes of action, suits, judgments and
expenses (including court costs, attorneys’ fees, expert witness fees and costs of investigation), of any nature, kind or description of any person or entity, directly or indirectly arising out of, caused by, or resulting from (in whole or
part) (1) Tenant’s construction of or use, occupancy or enjoyment of the Premises, (2) any activity, work or other things done, permitted or suffered by Tenant and its agents and employees in or about the Premises, (3) any breach
or default in the performance of any of Tenant’s obligations under this Lease, (4) any act, omission, negligence or willful misconduct of Tenant or any of its agents, contractors, employees, business invitees or licensees, or (5) any
damage to Tenant’s property, or the property of Tenant’s agents, employees, contractors, business invitees or licensees, located in or about the Premises (collectively, “Liabilities”); EVEN IF SUCH LIABILITIES ARE CAUSED
SOLELY OR IN PART BY THE NEGLIGENCE OF ANY LANDLORD INDEMNITEE, BUT NOT TO THE EXTENT SUCH LIABILITIES ARE CAUSED BY THE GROSS NEGLIGENCE OR WILLFUL MISCONDUCT OF ANY SUCH LANDLORD INDEMNITEE. This Paragraph 8(b) shall survive the expiration
or earlier termination of this Lease. 
 (c) Tenant shall promptly advise Landlord in writing of any action, administrative
or legal proceeding or investigation as to which this indemnification may apply, and Tenant, at Tenant’s expense, shall assume on behalf of each and every Landlord Indemnitee and conduct with due diligence and in good faith the defense thereof
with counsel reasonably satisfactory to Landlord; provided, however, that any Landlord Indemnitee shall have the right, at its option, to be represented therein by advisory counsel of its own selection and at its own expense. In the event of failure
by Tenant to fully perform in accordance with this Paragraph, Landlord, at its option, and without relieving Tenant of its obligations hereunder, may so perform, but all costs and expenses so incurred by Landlord in that event shall be reimbursed by
Tenant to Landlord, together with interest on the same from the date any such expense was paid by Landlord until reimbursed by Tenant, at the rate of interest provided to be paid on judgments, by the law of the jurisdiction to which the
interpretation of this Lease is subject. The indemnification provided in Paragraph 8(b) shall not be limited to damages, compensation or benefits payable under insurance policies, workers’ compensation acts, disability benefit acts or
other employees’ benefit acts. 
 (d) Insurance. 

(i) Tenant at all times during the Lease Term shall, at its own expense, keep in full force and effect (A) commercial
general liability insurance providing coverage against bodily injury and disease, including death resulting therefrom, bodily injury and property damage to a combined single limit of $3,000,000 to one or more than one person as the result of any one
accident or occurrence, which shall include provision for contractual liability coverage insuring Tenant for the performance of its indemnity obligations set forth in this Paragraph 8 and in Paragraph 6(g)(ii) of this Lease,
(B) worker’s compensation insurance to the statutory limit, if any, and employer’s liability insurance to the limit of $1,000,000 per occurrence, and (C) All Risk or Causes of Loss – Special Form property insurance,
including fire and extended coverage, sprinkler leakage (including earthquake, sprinkler leakage), vandalism, malicious and mischief, covering full replacement value of all of Tenant’s personal property, trade fixtures and improvements in the
Premises installed after the Commencement Date. Landlord and its designated property management firm shall be named an additional insured on each of said policies (excluding the worker’s compensation policy) and said policies shall be issued by
an insurance company or companies authorized to do business in California and which have policyholder ratings not lower than “A-” and financial ratings not lower than “VII” in Best’s
Insurance Guide (latest edition in effect as of the Date of Lease and subsequently in effect as of the date of renewal of the required policies). EACH OF SAID POLICIES SHALL ALSO INCLUDE A WAIVER OF SUBROGATION PROVISION OR ENDORSEMENT IN FAVOR OF
LANDLORD, AND AN ENDORSEMENT PROVIDING THAT LANDLORD SHALL RECEIVE THIRTY (30) DAYS PRIOR WRITTEN NOTICE OF ANY 

  
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CANCELLATION OF, NONRENEWAL OF, REDUCTION OF COVERAGE OR MATERIAL CHANGE IN COVERAGE ON SAID POLICIES. Tenant hereby waives its right of recovery against any Landlord Indemnitee of any amounts
paid by Tenant or on Tenant’s behalf to satisfy applicable worker’s compensation laws. The policies or duly executed certificates showing the material terms for the same, together with satisfactory evidence of the payment of the premiums
therefor, shall be deposited with Landlord on the date Tenant first occupies the Premises and upon renewals of such policies not less than ten (10) days prior to the expiration of the term of such coverage. If certificates are supplied rather
than the policies themselves, Tenant shall allow Landlord, at all reasonable times, to inspect the policies of insurance required herein. 

(ii) It is expressly understood and agreed that the coverages required represent Landlord’s minimum requirements and such
are not to be construed to void or limit Tenant’s obligations contained in this Lease, including without limitation Tenant’s indemnity obligations hereunder. Neither shall (A) the insolvency, bankruptcy or failure of any insurance
company carrying Tenant, (B) the failure of any insurance company to pay claims occurring nor (C) any exclusion from or insufficiency of coverage be held to affect, negate or waive any of Tenant’s indemnity obligations under this
Paragraph 8 and Paragraph 6(g)(ii) or any other provision of this Lease. With respect to insurance coverages, except worker’s compensation, maintained hereunder by Tenant and insurance coverages separately obtained by Landlord,
all insurance coverages afforded by policies of insurance maintained by Tenant shall be primary insurance as such coverages apply to Landlord, and such insurance coverages separately maintained by Landlord shall be excess, and Tenant shall have its
insurance policies so endorsed. The amount of liability insurance under insurance policies maintained by Tenant shall not be reduced by the existence of insurance coverage under policies separately maintained by Landlord. Tenant shall be solely
responsible for any premiums, assessments, penalties, deductible assumptions, retentions, audits, retrospective adjustments or any other kind of payment due under its policies. 

(iii) Tenant’s occupancy of the Premises without delivering the certificates of insurance shall not constitute a waiver of
Tenant’s obligations to provide the required coverages. If Tenant provides to Landlord a certificate that does not evidence the coverages required herein, or that is faulty in any respect, such shall not constitute a waiver of Tenant’s
obligations to provide the proper insurance. 
 (iv) Throughout the Lease Term, Landlord agrees to maintain (i) fire and
extended coverage insurance, and, at Landlord’s option earthquake damage coverage and such additional property insurance coverage as Landlord deems appropriate, on the insurable portions of Building and the remainder of the Project in an amount
not less than the fair replacement value thereof, subject to reasonable deductibles (ii) boiler and machinery insurance amounts and with deductibles that would be considered standard for similar class office building in Palo Alto, California
metropolitan area and (iii) commercial general liability insurance with a combined single limit coverage of at least $1,000,000.00 per occurrence. All such insurance shall be obtained from insurers Landlord reasonably believes to be financially
responsible in light of the risks being insured. The premiums for any such insurance shall be a part of Operating Costs. 

(e) Mutual Waivers of Recovery. Landlord, Tenant, and all parties claiming under them, each mutually release and
discharge each other from responsibility for that portion of any loss or damage paid or reimbursed by an insurer of Landlord or Tenant under any fire, extended coverage or other property insurance policy maintained by Tenant with respect to its
Premises or by Landlord with respect to the Building or the Project (or which would have been paid had the insurance required to be maintained hereunder been in full force and effect), no matter how caused, including negligence, and each waives any
right of recovery from the other including, but not limited to, claims for contribution or indemnity, which might otherwise exist on account thereof. Any fire, extended coverage or property insurance policy maintained by Tenant with respect to the
Premises, or Landlord with respect to the Building or the Project, shall contain, in the case of Tenant’s policies, a waiver of subrogation provision or endorsement in favor of Landlord, and in the case of Landlord’s policies, a waiver of
subrogation provision or endorsement in favor of Tenant, or, in the event that such insurers cannot or shall not include or attach such waiver of subrogation provision or endorsement, Tenant and Landlord shall obtain the approval and consent of
their respective insurers, in writing, to the terms of this Lease. Tenant agrees to indemnify, protect, defend and hold harmless each and all of the Landlord Indemnitees from and against any claim, suit or cause of action asserted or

  
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brought by Tenant’s insurers for, on behalf of, or in the name of Tenant, including, but not limited to, claims for contribution, indemnity or subrogation, brought in contravention of this
paragraph. The mutual releases, discharges and waivers contained in this provision shall apply EVEN IF THE LOSS OR DAMAGE TO WHICH THIS PROVISION APPLIES IS CAUSED SOLELY OR IN PART BY THE NEGLIGENCE OF LANDLORD OR TENANT. 

(f) Business Interruption. Landlord shall not be responsible for, and Tenant releases and discharges Landlord from, and
Tenant further waives any right of recovery from Landlord for, any loss for or from business interruption or loss of use of the Premises suffered by Tenant in connection with Tenant’s use or occupancy of the Premises, EVEN IF SUCH LOSS IS
CAUSED SOLELY OR IN PART BY THE NEGLIGENCE OF LANDLORD. 
 (g) Adjustment of Claims. Tenant shall cooperate with
Landlord and Landlord’s insurers in the adjustment of any insurance claim pertaining to the Building or the Project or Landlord’s use thereof. 

(h) Increase in Landlord’s Insurance Costs. Tenant agrees to pay to Landlord any increase in premiums for
Landlord’s insurance policies resulting from Tenant’s use or occupancy of the Premises. 
 (i) Failure to
Maintain Insurance. Any failure of Tenant to obtain and maintain the insurance policies and coverages required hereunder or failure by Tenant to meet any of the insurance requirements of this Lease shall constitute an event of default hereunder,
and such failure shall entitle Landlord to pursue, exercise or obtain any of the remedies provided for in Paragraph 12(b), and Tenant shall be solely responsible for any loss suffered by Landlord as a result of such failure. In the event of
failure by Tenant to maintain the insurance policies and coverages required by this Lease or to meet any of the insurance requirements of this Lease, Landlord, at its option, and without relieving Tenant of its obligations hereunder, may obtain said
insurance policies and coverages or perform any other insurance obligation of Tenant, but all costs and expenses incurred by Landlord in obtaining such insurance or performing Tenant’s insurance obligations shall be reimbursed by Tenant to
Landlord, together with interest on same from the date any such cost or expense was paid by Landlord until reimbursed by Tenant, at the rate of interest provided to be paid on judgments, by the law of the jurisdiction to which the interpretation of
this Lease is subject. 
 9. FIRE OR CASUALTY 

(a) Subject to the provisions of this Paragraph 9, in the event the Premises, or access thereto, is wholly or partially
destroyed by fire or other casualty, Landlord shall (to the extent permitted by Law and covenants, conditions and restrictions then applicable to the Project) rebuild, repair or restore the Premises and access thereto to substantially the same
condition as existing immediately prior to such destruction and this Lease shall continue in full force and effect. Notwithstanding the foregoing, (i) Landlord’s obligation to rebuild, repair or restore the Premises shall not apply to any
personal property, above-standard tenant improvements installed by or on behalf of Tenant or other items installed or contained in the Premises, and (ii) Landlord shall have no obligation whatsoever to rebuild, repair or restore the Premises
with respect to any damage or destruction occurring during the last twelve (12) months of the term of this Lease or any extension of the term. 

(b) Landlord may elect to terminate this Lease in any of the following cases of damage or destruction to the Premises, the
Building or the Project: (i) where the cost of rebuilding, repairing and restoring (collectively, “Restoration”) of the Building or the Project, would, regardless of the lack of damage to the Premises or access thereto, in the
reasonable opinion of Landlord, exceed thirty-five percent (35%) of the then replacement cost of the Building; (ii) where, in the case of any damage or destruction to any portion of the Building or the Project by uninsured casualty, the cost of
Restoration of the Building or the Project, in the reasonable opinion of Landlord, exceeds $500,000; or (iii) where, in the case of any damage or destruction to the Premises or access thereto by uninsured casualty, the cost of Restoration of
the Premises or access thereto, in the reasonable opinion of Landlord, exceeds thirty-five percent (35%) of the replacement cost of the Premises; or (iv) if Landlord has not obtained appropriate zoning approvals for reconstruction of the
Project, Building or Premises. Any such termination shall be made by thirty (30) days’ prior written notice to Tenant given within sixty (60) days of the date of such damage or destruction. If this Lease is not terminated by Landlord
and as the result of any damage or destruction, the Premises, or a portion thereof, are rendered untenantable, the Basic Annual Rent shall abate reasonably during the period of 

  
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Restoration (based upon the extent to which such damage and Restoration materially interfere with Tenant’s business in the Premises); provided however, Tenant shall have the right to
terminate this Lease if more than fifty percent (50%) of the Premises are rendered untenantable for a period of two hundred seventy (270) days after the date of damage or destruction (the “270 Day Period”) by delivering written
notice to Landlord of its intent to terminate this Lease after the 270 Day Period but prior to the substantial completion of the Restoration of the Building. In addition, within sixty (60) days of the date of damage or destruction Landlord
shall provide Tenant with a good faith estimate of the time period in which the Premises shall be restored. In the event the estimate provides that the Premises will not be restored within the 270 Day Period, then Tenant may terminate the Lease by
providing Landlord with written notice within thirty (30) days after Tenant’s receipt of Landlord’s estimate. In the event the casualty to the Premises occurs during the last twelve (12) months of the Lease Term and the Premises
cannot be restored (in the opinion of Landlord’s third party architect) in ninety (90) days from the date of the casualty, then Tenant shall be permitted to terminate the Lease within thirty (30) days of the date of the casualty by
providing written notice to Landlord. This Lease shall be considered an express agreement governing any case of damage to or destruction of the Premises, the Building or the Project. This Lease sets forth the terms and conditions upon which this
Lease may terminate in the event of any damage or destruction. Accordingly, the parties hereby waive the provisions of California Civil Code Section 1932, Subsection 2, and Section 1933, Subsection 4 (and any successor statutes thereof
permitting the parties to terminate this Lease as a result of any damage or destruction). 
 10. EMINENT DOMAIN 

In the event the whole of the Premises, the Building or the Project shall be taken under the power of eminent domain, or sold
to prevent the exercise thereof (collectively, a “Taking”), this Lease shall automatically terminate as of the date of such Taking. In the event a Taking of a portion of the Project, the Building or the Premises shall, in the
reasonable opinion of Landlord, substantially interfere with Landlord’s operation thereof, Landlord may terminate this Lease upon thirty (30) days’ written notice to Tenant given at any time within sixty (60) days following the
date of such Taking. For purposes of this Lease, the date of Taking shall be the earlier of the date of transfer of title resulting from such Taking or the date of transfer of possession resulting from such Taking. In the event that a portion of the
Premises is so taken and this Lease is not terminated, Landlord shall, with reasonable diligence, use commercially reasonable efforts to proceed to restore (to the extent permitted by Law and covenants, conditions and restrictions then applicable to
the Project) the Premises (other than Tenant’s personal property and fixtures, and above-standard tenant improvements) to a complete, functioning unit. In such case, the Basic Annual Rent shall be reduced proportionately based on the portion of
the Premises so taken. If all or any portion of the Premises is the subject of a temporary Taking, this Lease shall remain in full force and effect and Tenant shall continue to perform each of its obligations under this Lease; in such case, Tenant
shall be entitled to receive the entire award allocable to the temporary Taking of the Premises. Except as provided herein, Tenant shall not assert any claim against Landlord or the condemning authority for, and hereby assigns to Landlord, any
compensation in connection with any such Taking, and Landlord shall be entitled to receive the entire amount of any award therefor, without deduction for any estate or interest of Tenant. Nothing contained in this Paragraph 10 shall be deemed
to give Landlord any interest in, or prevent Tenant from seeking any award against the condemning authority for the Taking of personal property, fixtures, above standard tenant improvements of Tenant or for relocation or moving expenses recoverable
by Tenant from the condemning authority. This Paragraph 10 shall be Tenant’s sole and exclusive remedy in the event of a Taking. This Lease sets forth the terms and conditions upon which this Lease may terminate in the event of a taking.
Accordingly, the parties waive the provisions of the California Code of Civil Procedure Section 1265.130 and any successor or similar statutes permitting the parties to terminate this Lease as a result of a taking. 

11. ASSIGNMENT AND SUBLETTING 

(a) Tenant shall not directly or indirectly, voluntarily or involuntarily, by operation of law or otherwise, assign, sublet,
mortgage, hypothecate or otherwise encumber all or any portion of its interest in this Lease or in the Premises or grant any license in or suffer any person other than Tenant or its employees to use or occupy the Premises or any part thereof without
obtaining the prior written consent of Landlord, which consent shall not be unreasonably withheld. Any such attempted assignment, subletting, license, mortgage, hypothecation, other encumbrance or other use or occupancy without the consent of
Landlord shall be null and void and of no effect. Any mortgage, hypothecation or encumbrance of all or any portion of Tenant’s interest in this Lease or in the 

  
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 Premises and any grant of a license or sufferance of any person other than Tenant or its
employees to use or occupy the Premises or any part thereof shall be deemed to be an “assignment” of this Lease. In addition, as used in this Paragraph 11, the term “Tenant” shall also mean any entity that has guaranteed
Tenant’s obligations under this Lease, and the restrictions applicable to Tenant contained herein shall also be applicable to such guarantor. Landlord’s agreement to not unreasonably withhold its consent shall only apply to the first
assignment or sublease under the Lease. Provided no event of default has occurred and is continuing under this Lease, upon ten (10) days prior written notice to Landlord (provided, however, if such prior notice cannot be provided due to
applicable laws or written confidentiality agreements, then such notice shall be provided no later than ten (10) days after the date that such assignment occurs), Tenant may, without Landlord’s prior written consent, assign this Lease to
an entity into which Tenant is merged or consolidated or to an entity to which substantially all of Tenant’s assets are transferred or to an entity controlled by or is commonly controlled with Tenant (a “Permitted Transferee”),
provided (i) such merger, consolidation, or transfer of assets is for a good business purpose and not principally for the purpose of transferring Tenant’s leasehold estate, and (ii) the assignee or successor entity has a tangible net
worth, calculated in accordance with generally accepted accounting principles (and evidenced by financial statements in form reasonably satisfactory to Landlord) at least equal to the tangible net worth of Tenant immediately prior to such merger,
consolidation, or transfer. The term “controlled by” or “commonly controlled with” shall mean the possession, direct or indirect, of the power to direct or cause the direction of the management and policies of such controlled
person or entity, or the ownership, directly or indirectly, of at least fifty-one percent (51%) of the voting securities of, or possession of the right to vote, in the ordinary direction of its affairs, at
least fifty-one percent (51%) of the voting interest in, any person or entity. 
 (b)
No permitted assignment or subletting shall relieve Tenant of its obligation to pay the Rent and to perform all of the other obligations to be performed by Tenant hereunder. The acceptance of Rent by Landlord from any other person shall not be
deemed to be a waiver by Landlord of any provision of this Lease or to be a consent to any subletting or assignment. Consent by Landlord to one subletting or assignment shall not be deemed to constitute a consent to any other or subsequent attempted
subletting or assignment. If Tenant desires at any time to assign this Lease or to sublet the Premises or any portion thereof, it shall first notify Landlord of its desire to do so and shall submit in writing to Landlord all pertinent information
relating to the proposed assignee or sublessee, all pertinent information relating to the proposed assignment or sublease, and all such financial information as Landlord may reasonably request concerning the proposed assignee or subtenant. Any
approved assignment or sublease shall be expressly subject to the terms and conditions of this Lease. 
 (c) In the event
Tenant seeks to assign the Lease or sublease at least fifty percent (50%) of the Premises for more than fifty percent (50%) of the then remaining Lease Term then at any time within twenty (20) days after Landlord’s receipt of the
information specified in subparagraph (b) above, Landlord may by written notice to Tenant elect to terminate this Lease as to the portion of the Premises so proposed to be subleased or assigned (which may include all of the Premises),
with a proportionate abatement in the Rent payable hereunder. 
 (d) Tenant acknowledges that it shall be reasonable for
Landlord to withhold its consent to a proposed assignment or sublease in any of the following instances: 
 (i) The assignee
or sublessee is not, in Landlord’s reasonable opinion, sufficiently creditworthy to perform the obligations such assignee or sublessee will have under this Lease; 

(ii) The intended use of the Premises by the assignee or sublessee is not the same as set forth in this Lease or otherwise
reasonably satisfactory to Landlord; 
 (iii) The intended use of the Premises by the assignee or sublessee would materially
increase the pedestrian or vehicular traffic to the Premises or the Building; 
 (iv) Occupancy of the Premises by the
assignee or sublessee would, in the good faith judgment of Landlord, violate any agreement binding upon Landlord, the Building or the Project with regard to the identity of tenants, usage in the Building, or similar matters; 

  
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 (v) The assignee or sublessee is then negotiating with Landlord or has
negotiated with Landlord within the previous three (3) months, or is a current tenant or subtenant within the Building or Project; 

(vi) The identity or business reputation of the assignee or sublessee will, in the good faith judgment of Landlord, tend to
damage the goodwill or reputation of the Building or Project; 
 (vii) the proposed sublease would result in more than three
subleases of portions of the Premises being in effect at any one time during the Lease Term; or 
 (viii) In the case of a
sublease, the subtenant has not acknowledged that the sublease shall remain subject and subordinate to this Lease. 
 The foregoing criteria shall not
exclude any other reasonable basis for Landlord to refuse its consent to such assignment or sublease. 
 (e) Notwithstanding any assignment
or subletting, Tenant and any guarantor or surety of Tenant’s obligations under this Lease shall at all times during the initial term and any subsequent renewals or extensions remain fully responsible and liable for the payment of the rent and
for compliance with all of Tenant’s other obligations under this Lease. In the event that the Rent due and paid by a sublessee or assignee (or a combination of the rental payable under such sublease or assignment, plus any bonus or other
consideration therefor or incident thereto) exceeds the Rent payable under this Lease after deducting Tenant’s reasonable out-of-pocket costs and expenses in
connection with such assignment or sublease, then Tenant shall be bound and obligated to pay Landlord, as additional rent hereunder, fifty percent (50%) of such excess Rent and other excess consideration within thirty (30) days following
receipt thereof by Tenant. 
 (f) If this Lease is assigned or if the Premises is subleased (whether in whole or in part), or in the event
of the mortgage, pledge, or hypothecation of Tenant’s leasehold interest, or grant of any concession or license within the Premises, or if the Premises are occupied in whole or in part by anyone other than Tenant, then upon a default by Tenant
hereunder Landlord may collect Rent from the assignee, sublessee, mortgagee, pledgee, party to whom the leasehold interest was hypothecated, concessionee or licensee or other occupant and, except to the extent set forth in the preceding paragraph,
apply the amount collected to the next Rent payable hereunder; and all such Rent collected by Tenant shall be held in deposit for Landlord and immediately forwarded to Landlord. No such transaction or collection of Rent or application thereof by
Landlord, however, shall be deemed a waiver of these provisions or a release of Tenant from the further performance by Tenant of its covenants, duties, or obligations hereunder. 

(g) If Tenant effects an assignment or sublease or requests the consent of Landlord to any proposed assignment or sublease, then Tenant shall,
upon demand, pay Landlord a non-refundable administrative fee of One Thousand Dollars ($1,000.00), plus any reasonable attorneys’ and paralegal fees and costs incurred by Landlord in connection with such
assignment or sublease or request for consent. Acceptance of the One Thousand Dollar ($1,000.00) administrative fee and/or reimbursement of Landlord’s attorneys’ and paralegal fees shall in no event obligate Landlord to consent to any
proposed assignment or sublease. 
 (h) Notwithstanding any provision of this Lease to the contrary, in the event this Lease is assigned to
any person or entity pursuant to the provisions of the Bankruptcy Code, any and all monies or other consideration payable or otherwise to be delivered in connection with such assignment shall be paid or delivered to Landlord, shall be and remain the
exclusive property of Landlord and shall not constitute the property of Tenant or Tenant’s estate within the meaning of the Bankruptcy Code. All such money and other consideration not paid or delivered to Landlord shall be held in trust for the
benefit of Landlord and shall be promptly paid or delivered to Landlord. 

  
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	12.	 DEFAULT 

(a) Events of Default. The occurrence of any one or more of the following events shall constitute an event of default (herein so called)
under this Lease by Tenant: (i) the failure by Tenant to make any payment of Rent or any other payment required to be made by Tenant hereunder, where such failure continues for five (5) days after written notice thereof from Landlord that
such payment was not received; (ii) the failure by Tenant to observe or perform any of the express or implied covenants or provisions of this Lease to be observed or performed by Tenant, other than monetary failures as specified in clause
(i) Paragraphs 12(a)(i) above, where such failure shall continue for a period of twenty (20) days after written notice thereof from Landlord to Tenant; provided, however, that if the nature of Tenant’s default is such that more
than twenty (20) days are reasonably required for its cure, then Tenant shall not be deemed to be in default if Tenant shall commence such cure within said twenty (20) day period and thereafter diligently prosecute such cure to completion,
which completion shall occur not later than sixty (60) days from the date of such notice from Landlord; (iii) the making by Tenant or any guarantor hereof of any general assignment for the benefit of creditors, (iv) the filing by or
against Tenant or any guarantor hereof of a petition to have Tenant or any guarantor hereof adjudged a bankrupt or a petition for reorganization or arrangement under any law relating to bankruptcy (unless, in the case of a petition filed against
Tenant or any guarantor hereof, the same is dismissed within sixty (60) days), (v) the appointment of a trustee or receiver to take possession of substantially all of Tenant’s assets located at the Premises or of Tenant’s interest in
this Lease or of substantially all of guarantor’s assets, where possession is not restored to Tenant or guarantor within sixty (60) days, or (vi) the attachment, execution or other judicial seizure of substantially all of
Tenant’s assets located at the Premises or of substantially all of guarantor’s assets or of Tenant’s interest in this Lease where such seizure is not discharged within sixty (60) days; (vii) any material representation or
warranty made by Tenant or guarantor in this Lease or any other document delivered in connection with the execution and delivery of this Lease or pursuant to this Lease proves to be incorrect in any material respect; or (viii) Tenant or
guarantor shall be liquidated or dissolved or shall begin proceedings towards its liquidation or dissolution. 
 Any notice sent by Landlord to Tenant
pursuant to this Paragraph 12(a) shall be in lieu of, and not in addition to, any notice required under California Code of Civil Procedure Section 1161. 

(b) Landlord’s Remedies; Termination. In the event of any event of default by Tenant, in addition to any other remedies available
to Landlord under this Lease, at law or in equity, Landlord shall have the immediate option to terminate this Lease and all rights of Tenant hereunder. In the event that Landlord shall elect to so terminate this Lease, then Landlord may recover from
Tenant: 
 (i) the worth at the time of award of any unpaid rent which had been earned at the time of such termination; plus

 (ii) the worth at the time of the award of the amount by which the unpaid rent which would have been earned after
termination until the time of award exceeds the amount of such rental loss that Tenant proves could have been reasonably avoided; plus 

(iii) the worth at the time of award of the amount by which the unpaid rent for the balance of the term after the time of award
exceeds the amount of such rental loss that Tenant proves could be reasonably avoided; plus 
 (iv) any other amount
necessary to compensate Landlord for all the detriment proximately caused by Tenant’s failure to perform its obligations under this Lease or which, in the ordinary course of things, would be likely to result therefrom including, but not limited
to: unamortized Tenant Improvement costs; attorneys’ fees; brokers’ commissions; the costs of refurbishment, alterations, renovation and repair of the Premises; and removal (including the repair of any damage caused by such removal) and
storage (or disposal) of Tenant’s personal property, equipment, fixtures, Tenant Changes, Tenant Improvements and any other items which Tenant is required under this Lease to remove but does not remove. 

As used in subparagraphs (i) and (ii) of Paragraph 12(b) above, the “worth at the time of award” is computed by allowing interest at the
Default Rate (as defined below). As used in subparagraph (iii) of Paragraph 12(b) above, the “worth at the time of award” is computed by discounting such amount at the discount rate of the Federal Reserve Bank of San Francisco
at the time of award plus one percent (1%). The term “Default Rate” as used in this Lease shall mean the lesser of (A) the rate announced from time to time by Wells Fargo Bank or, if Wells Fargo bank ceases to exist or ceases to
publish such rate, then the rate announced from time to time by the largest (as measured by deposits) chartered bank operating in California, as its “prime rate” or “reference rate”, plus five percent (5%), or (B) the
maximum rate of interest permitted by applicable law. 

  
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 (c) Landlord’s Remedies; Re-Entry
Rights. In the event of any event of default by Tenant, in addition to any other remedies available to Landlord under this Lease, at law or in equity, Landlord shall also have the right, with or without terminating this Lease, to re-enter the Premises and remove all persons and property from the Premises; such property may be removed, stored and/or disposed of pursuant to Paragraph 5(c) of this Lease or any other procedures permitted
by applicable law. No re-entry or taking possession of the Premises by Landlord pursuant to this Paragraph 12(c), and no acceptance of surrender of the Premises or other action on Landlord’s part,
shall be construed as an election to terminate this Lease unless a written notice of such intention be given to Tenant or unless the termination thereof be decreed by a court of competent jurisdiction. 

(d) Continuation of Lease. Landlord shall have the remedy described in California Civil Code Section 1951.4 (lessor may continue
lease in effect after lessee’s breach and abandonment and recover rent as it becomes due, if lessee has the right to sublet or assign, subject only to reasonable limitations). Accordingly, if Landlord does not elect to terminate this Lease on
account of any event of default by Tenant, Landlord may, from time to time, without terminating this Lease, enforce all of its rights and remedies under this Lease, including the right to recover all rent as it becomes due. 

(e) Landlord’s Right to Perform. Except as specifically provided otherwise in this Lease, all covenants and agreements by Tenant
under this Lease shall be performed by Tenant at Tenant’s sole cost and expense and without any abatement or offset of rent. If Tenant shall fail to pay any sum of money (other than Monthly Basic Rent) or perform any other act on its part to be
paid or performed hereunder and such failure shall continue for three (3) days with respect to monetary obligations (or twenty (20) days with respect to non-monetary obligations, except in case of
emergencies, in which such case, such shorter period of time as is reasonable under the circumstances) after Tenant’s receipt of written notice thereof from Landlord, Landlord may, without waiving or releasing Tenant from any of Tenant’s
obligations, make such payment or perform such other act on behalf of Tenant. All sums so paid by Landlord and all necessary incidental costs incurred by Landlord in performing such other acts shall be payable by Tenant to Landlord within five
(5) days after demand therefor as additional rent. 
 (f) Interest. If any monthly installment of Rent or Operating Expenses, or
any other amount payable by Tenant hereunder is not received by Landlord by the date when due, it shall bear interest at the Default Rate from the date due until paid. All interest, and any late charges imposed pursuant to Paragraph 12(g)
below, shall be considered additional rent due from Tenant to Landlord under the terms of this Lease. 
 (g) Late Charges. Tenant
acknowledges that, in addition to interest costs, the late payments by Tenant to Landlord of any monthly installment of Basic Annual Rent, Additional Rent or other sums due under this Lease will cause Landlord to incur costs not contemplated by this
Lease, the exact amount of such costs being extremely difficult and impractical to fix. Such other costs include, without limitation, processing, administrative and accounting charges and late charges that may be imposed on Landlord by the terms of
any mortgage, deed of trust or related loan documents encumbering the Premises, the Building or the Project. Accordingly, if any monthly installment of Annual Basic Rent, Additional Rent or any other amount payable by Tenant hereunder is not
received by Landlord by the due date thereof, Tenant shall pay to Landlord an additional sum of five percent (5%) of the overdue amount as a late charge, but in no event more than the maximum late charge allowed by law. The parties agree that such
late charge represents a fair and reasonable estimate of the costs that Landlord will incur by reason of any late payment as hereinabove referred to by Tenant, and the payment of late charges and interest are distinct and separate in that the
payment of interest is to compensate Landlord for the use of Landlord’s money by Tenant, while the payment of late charges is to compensate Landlord for Landlord’s processing, administrative and other costs incurred by Landlord as a result
of Tenant’s delinquent payments. Acceptance of a late charge or interest shall not constitute a waiver of Tenant’s default with respect to the overdue amount or prevent Landlord from exercising any of the other rights and remedies
available to Landlord under this Lease or at law or in equity now or hereafter in effect. Notwithstanding the foregoing, Landlord will not assess a late charge until Landlord has not given written notice of such late payment for the first last
payment in any twelve (12) month period and after Tenant has not cured such late payment within three (3) days from receipt of such notice. No other notices will be required during the following twelve (12) months for a late charge to
be incurred. 

  
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 (h) Rights and Remedies Cumulative. All rights, options and remedies of Landlord
contained in this Paragraph 12 and elsewhere in this Lease shall be construed and held to be cumulative, and no one of them shall be exclusive of the other, and Landlord shall have the right to pursue any one or all of such remedies or any
other remedy or relief which may be provided by law or in equity, whether or not stated in this Lease. Nothing in this Paragraph 12 shall be deemed to limit or otherwise affect Tenant’s indemnification of Landlord pursuant to any
provision of this Lease. 
 (i) Tenant’s Waiver of Redemption. Tenant hereby waives and surrenders for itself and all those
claiming under it, including creditors of all kinds, (i) any right and privilege which it or any of them may have under any present or future law to redeem any of the Premises or to have a continuance of this Lease after termination of this
Lease or of Tenant’s right of occupancy or possession pursuant to any court order or any provision hereof, and (ii) the benefits of any present or future law which exempts property from liability for debt or for distress for rent. 

(j) Costs Upon Default and Litigation. Tenant shall pay to Landlord and its mortgagees as additional rent all the expenses incurred by
Landlord or its mortgagees in connection with any default by Tenant hereunder or the exercise of any remedy by reason of any default by Tenant hereunder, including reasonable attorneys’ fees and expenses. If Landlord or its mortgagees shall be
made a party to any litigation commenced against Tenant or any litigation pertaining to this Lease or the Premises, at the option of Landlord and/or its mortgagees, Tenant, at its expense, shall provide Landlord and/or its mortgagees with counsel
approved by Landlord and/or its mortgagees and shall pay all costs incurred or paid by Landlord and/or its mortgagees in connection with such litigation. 
  

	13.	 ACCESS; CONSTRUCTION 

Landlord reserves the right to use the roof and exterior walls of the Premises and the area beneath, adjacent to and above the Premises,
together with the right to install, use, maintain, repair, replace and relocate equipment, machinery, meters, pipes, ducts, plumbing, conduits and wiring through the Premises, which serve other portions of the Building or the Project in a manner and
in locations which do not unreasonably interfere with Tenant’s use of the Premises. In addition, Landlord shall have free access to any and all mechanical installations of Landlord or Tenant, including, without limitation, machine rooms,
telephone rooms and electrical closets. Tenant agrees that there shall be no construction of partitions or other obstructions which materially interfere with or which threaten to materially interfere with Landlord’s free access thereto, or
materially interfere with the moving of Landlord’s equipment to or from the enclosures containing said installations. Upon at least twenty-four (24) hours’ prior notice (except in the event of an emergency, when no notice shall be
necessary), Landlord reserves and shall at any time and all times have the right to enter the Premises to inspect the same, to supply janitorial service and any other service to be provided by Landlord to Tenant hereunder, to exhibit the Premises to
prospective purchasers, lenders or tenants, to post notices of non-responsibility, to alter, improve, restore, rebuild or repair the Premises or any other portion of the Building, or to do any other act
permitted or contemplated to be done by Landlord hereunder, all without being deemed guilty of an eviction of Tenant and without liability for abatement of Rent or otherwise. For such purposes, Landlord may also erect scaffolding and other necessary
structures where reasonably required by the character of the work to be performed. Landlord shall conduct all such inspections and/or improvements, alterations and repairs so as to minimize, to the extent reasonably practical and without additional
expense to Landlord, any interruption of or interference with the business of Tenant. Tenant hereby waives any claim for damages for any injury or inconvenience to or interference with Tenant’s business, any loss of occupancy or quiet enjoyment
of the Premises, and any other loss occasioned thereby. For each of such purposes, Landlord shall at all times have and retain a key with which to unlock all of the doors in, upon and about the Premises (excluding Tenant’s vaults and safes,
access to which shall be provided by Tenant upon Landlord’s reasonable request). Landlord shall have the right to use any and all means which Landlord may deem proper in an emergency in order to obtain entry to the Premises or any portion
thereof, and Landlord shall have the right, at any time during the Lease Term, to provide whatever access control measures it deems reasonably necessary to the Project, without any interruption or abatement in the payment of Rent by Tenant. Any
entry into the Premises obtained by Landlord by any of such means shall not under any circumstances be construed to be a forcible or unlawful entry into, or a detainer of, the Premises, or any eviction of Tenant from the Premises or any portion
thereof. No provision of this Lease shall be construed as obligating Landlord to perform any repairs, Alterations or decorations to the Premises or the Project except as otherwise expressly agreed to be performed by Landlord pursuant to the
provisions of this Lease. 

  
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	14.	 BANKRUPTCY 

(a) If at any time on or before the Commencement Date there shall be filed by or against Tenant in any court, tribunal, administrative agency
or any other forum having jurisdiction, pursuant to any applicable law, either of the United States or of any state, a petition in bankruptcy or insolvency or for reorganization or for the appointment of a receiver, trustee or conservator of all or
a portion of Tenant’s property, or if Tenant makes an assignment for the benefit of creditors, this Lease shall ipso facto be canceled and terminated and in such event neither Tenant nor any person claiming through or under Tenant or by
virtue of any applicable law or by an order of any court, tribunal, administrative agency or any other forum having jurisdiction, shall be entitled to possession of the Premises and Landlord, in addition to the other rights and remedies given by
Paragraph 12 hereof or by virtue of any other provision contained in this Lease or by virtue of any applicable law, may retain as damages any Rent, Security Deposit or moneys received by it from Tenant or others on behalf of Tenant. 

(b) If, after the Commencement Date, or if at any time during the term of this Lease, there shall be filed against Tenant in any court,
tribunal, administrative agency or any other forum having jurisdiction, pursuant to any applicable law, either of the United States or of any state, a petition in bankruptcy or insolvency or for reorganization or for the appointment of a receiver,
trustee or conservator of all or a portion of Tenant’s property, and the same is not dismissed after sixty (60) calendar days, or if Tenant makes an assignment for the benefit of creditors, this Lease, at the option of Landlord exercised
within a reasonable time after notice of the happening of any one or more of such events, may be canceled and terminated and in such event neither Tenant nor any person claiming through or under Tenant or by virtue of any statute or of an order of
any court shall be entitled to possession or to remain in possession of the Premises, but shall forthwith quit and surrender the Premises, and Landlord, in addition to the other rights and remedies granted by Paragraph 12 hereof or by virtue
of any other provision contained in this Lease or by virtue of any applicable law, may retain as damages any Rent, Security Deposit or moneys received by it from Tenant or others on behalf of Tenant. 

(c) In the event of the occurrence of any of those events specified in this Paragraph 14, if Landlord shall not choose to exercise, or
by applicable law, shall not be able to exercise, its rights hereunder to terminate this Lease upon the occurrence of such events, then, in addition to any other rights of Landlord hereunder or by virtue of applicable law, (i) Landlord shall
not be obligated to provide Tenant with any of the utilities or services specified in Paragraph 7, unless Landlord has received compensation in advance for such utilities or services, and the parties agree that Landlord’s reasonable
estimate of the compensation required with respect to such services shall control, and (ii) neither Tenant, as debtor-in-possession, nor any trustee or other person
(hereinafter collectively referred to as the “Assuming Tenant”) shall be entitled to assume this Lease unless on or before the date of such assumption, the Assuming Tenant (x) cures, or provides adequate assurance that the
latter will promptly cure, any existing default under this Lease, (y) compensates, or provides adequate assurance that the Assuming Tenant will promptly compensate Landlord for any pecuniary loss (including, without limitation, attorneys’
fees and disbursements) resulting from such default, and (z) provides adequate assurance of future performance under this Lease, it being covenanted and agreed by the parties that, for such purposes, any cure or compensation shall be effected
by the immediate payment of any monetary default or any required compensation, or the immediate correction or bonding of any nonmonetary default. For purposes of this Lease, (i) any “adequate assurance” of such cure or compensation
shall be effected by the establishment of an escrow fund for the amount at issue or by the issuance of a bond, and (ii) “adequate assurance” of future performance shall be effected by the establishment of an escrow fund for the amount at
issue or by the issuance of a bond. 
  

	15.	 INTENTIONALLY DELETED 

 

	16.	 SUBORDINATION; ATTORNMENT; ESTOPPEL CERTIFICATES 

(a) Tenant agrees that this Lease and the rights of Tenant hereunder shall be subject and subordinate to any and all deeds of trust, security
interests, mortgages, master leases, ground leases or other security documents and any and all modifications, renewals, extensions, consolidations and replacements thereof (collectively, “Security Documents”) which now or hereafter
constitute a lien upon or affect the Project, the Building or the Premises. Such subordination shall be effective without the necessity of the execution by Tenant of any additional document for the purpose of evidencing or effecting such
subordination. In addition, Landlord shall have the right to subordinate or 

  
 26 

 
cause to be subordinated any such Security Documents to this Lease and in such case, in the event of the termination or transfer of Landlord’s estate or interest in the Project by reason of
any termination or foreclosure of any such Security Documents, Tenant shall, notwithstanding such subordination, attorn to and become the Tenant of the successor in interest to Landlord at the option of such successor in interest. Furthermore,
Tenant shall within fifteen (15) days of demand therefor execute any instruments or other documents which may be required by Landlord or the holder of any Security Document and specifically shall execute, acknowledge and deliver within fifteen
(15) days of demand therefor a subordination of lease or subordination of deed of trust, in the form required by the holder of the Security Document requesting the document and reasonably approved by Tenant; provided, however, the new landlord
or the holder of any Security Document shall agree that Tenant’s quiet enjoyment of the Premises shall not be disturbed as long as Tenant is not in default under this Lease. Landlord agrees to use commercially reasonable efforts to obtain and
provide to Tenant a Subordination, Non-Disturbance and Attornment Agreement (“SNDA”) in substantially the form of the agreement used by the lender holding any existing or future mortgage
encumbering the Building or lessor under an existing or future ground lease; provided, however, in no event shall Landlord be in default under this Lease, and in no event shall Tenant be entitled to terminate this Lease, if Landlord is unable to
provide Tenant with such SNDA. Tenant shall reimburse Landlord upon demand for any costs, including attorneys fees, that Landlord incurs in seeking to obtain an SNDA for Tenant. 

(b) If any proceeding is brought for default under any ground or master lease to which this Lease is subject or in the event of foreclosure or
the exercise of the power of sale under any mortgage, deed of trust or other Security Document made by Landlord covering the Premises for which the holder of such mortgage, deed of trust or other Security Document has executed an SNDA with Tenant,
at the election of such ground lessor, master lessor or purchaser at foreclosure, Tenant shall attorn to and recognize the same as Landlord under this Lease, provided such successor expressly agrees in writing to be bound to all future obligations
by the terms of this Lease, and if so requested, Tenant shall enter into a new lease with that successor on the same terms and conditions as are contained in this Lease (for the unexpired term of this Lease then remaining). Subject to the foregoing
condition, Tenant hereby waives its rights under any current or future law which gives or purports to give Tenant any right to terminate or otherwise adversely affect this Lease and the obligations of Tenant hereunder in the event of any such
foreclosure proceeding or sale. 
 (c) [Intentionally Deleted]. 

(d) Tenant shall, upon not less than fifteen (15) days’ prior notice by Landlord, execute, acknowledge and deliver to Landlord a
statement in writing certifying to those facts for which certification has been requested by Landlord or any current or prospective purchaser, holder of any Security Document, ground lessor or master lessor, including, but without limitation, that
(i) this Lease is unmodified and in full force and effect (or if there have been modifications, that the same is in full force and effect as modified and stating the modifications), (ii) the dates to which the Basic Annual Rent, Additional Rent
and other charges hereunder have been paid, if any, and (iii) whether or not to the best knowledge of Tenant, Landlord is in default in the performance of any covenant, agreement or condition contained in this Lease and, if so, specifying each
such default of which Tenant may have knowledge. The form of the statement attached hereto as Exhibit E is hereby approved by Tenant for use pursuant to this subparagraph (d); however, at Landlord’s
option, Landlord shall have the right to use other forms for such purpose.Tenant’s failure to execute and deliver such statement within such time shall be conclusive upon Tenant that this Lease is in full force and effect without modification
except as may be represented by Landlord in any such certificate prepared by Landlord and delivered to Tenant for execution. Any statement delivered pursuant to this Paragraph 16 may be relied upon by any prospective purchaser of the fee of
the Building or the Project or any mortgagee, ground lessor or other like encumbrancer thereof or any assignee of any such encumbrance upon the Building or the Project. 
  

	17.	 SALE BY LANDLORD; TENANT’S REMEDIES; NONRECOURSE LIABILITY 

(a) In the event of a sale or conveyance by Landlord of the Building or the Project, Landlord shall be released from any and all liability
under this Lease. If the Security Deposit has been made by Tenant prior to such sale or conveyance, Landlord shall transfer the Security Deposit to the purchaser, and upon delivery to Tenant of notice thereof, Landlord shall be discharged from any
further liability in reference thereto. 

  
 27 

 (b) Landlord shall not be in default of any obligation of Landlord hereunder unless Landlord
fails to perform any of its obligations under this Lease within thirty (30) days after receipt of written notice of such failure from Tenant; provided, however, that if the nature of Landlord’s obligation is such that more than thirty
(30) days are required for its performance, Landlord shall not be in default if Landlord commences to cure such default within the thirty (30) day period and thereafter diligently prosecutes the same to completion. All obligations of
Landlord under this Lease will be binding upon Landlord only during the period of its ownership of the Premises and not thereafter. All obligations of Landlord hereunder shall be construed as covenants, not conditions; and, except as may be
otherwise expressly provided in this Lease, Tenant may not terminate this Lease for breach of Landlord’s obligations hereunder. 
 (c)
Notwithstanding anything contained in this Lease to the contrary, the obligations of Landlord under this Lease (including any actual or alleged breach or default by Landlord) do not constitute personal obligations of the individual partners,
directors, officers, members or shareholders of Landlord or Landlord’s members or partners, and Tenant shall not seek recourse against the individual partners, directors, officers, members or shareholders of Landlord or against Landlord’s
members or partners or against any other persons or entities having any interest in Landlord, or against any of their personal assets for satisfaction of any liability with respect to this Lease. Any liability of Landlord for a default by Landlord
under this Lease, or a breach by Landlord of any of its obligations under the Lease, shall be limited solely to its interest in the Project and all rents, incomes, proceeds and awards derived therefrom, and in no event shall any personal liability
be asserted against Landlord and/or any Landlord Indemnitee in connection with this Lease nor shall any recourse be had to any other property or assets of Landlord, its partners, directors, officers, members, shareholders or any other persons or
entities having any interest in Landlord. Tenant’s sole and exclusive remedy for a default or breach of this Lease by Landlord shall be either (i) an action for damages, or (ii) an action for injunctive relief; Tenant hereby waiving
and agreeing that Tenant shall have no offset rights or right to terminate this Lease on account of any breach or default by Landlord under this Lease. Under no circumstances whatsoever shall Landlord ever be liable for punitive, consequential or
special damages or loss of profits under this Lease and Tenant waives any rights it may have to such damages under this Lease in the event of a breach or default by Landlord under this Lease. 

(d) As a condition to the effectiveness of any notice of default given by Tenant to Landlord, Tenant shall also concurrently give such notice
under the provisions of Paragraph 17(b) to each beneficiary under a Security Document encumbering the Project of whom Tenant has received written notice (such notice to specify the address of the beneficiary). Each such beneficiary shall have
an additional thirty (30) days within which to cure such default, or if such default cannot reasonably be cured within such period, then each such beneficiary shall have such additional time as shall be necessary to cure such default, provided
that within such thirty (30) day period, such beneficiary has commenced and is diligently pursuing the remedies available to it which are necessary to cure such default (including, without limitation, as appropriate, commencement of foreclosure
proceedings). 
  

	18.	 PARKING; COMMON AREAS 

(a) Tenant shall have the right to the nonexclusive use of the number of parking spaces located in the parking areas of the Project specified
in Item 13 of the Basic Lease Provisions for the parking of operational motor vehicles used by Tenant, its officers and employees only. Landlord reserves the right, at any time upon written notice to Tenant, to designate the location of
Tenant’s parking spaces as determined by Landlord in its reasonable discretion. The use of such spaces shall be subject to the reasonable rules and regulations adopted by Landlord from time to time for the use of the parking areas. Landlord
further reserves the right to make such changes to the parking system as Landlord may deem necessary or reasonable from time to time; i.e., Landlord may provide for one or a combination of parking systems, including, without limitation,
self-parking, single or double stall parking spaces, and valet assisted parking and in such case the costs therefor shall be considered an Operating Cost. Tenant agrees that Tenant, its officers and employees shall not be entitled to park in any
reserved or specially assigned areas designated by Landlord from time to time in the Project’s parking areas. Landlord may require execution of an agreement with respect to the use of such parking areas by Tenant and/or its officers and
employees in form satisfactory to Landlord as a condition of any such use by Tenant, its officers and employees. Tenant shall not permit or allow any vehicles that belong to or are controlled by Tenant or Tenant’s officers, employees,
suppliers, shippers, customers or invitees to be loaded, unloaded or parked in areas other than those designated by Landlord for such activities. If Tenant permits or allows any of the prohibited activities described in this Paragraph, then Landlord
shall have the right, without notice, in addition to such other rights and remedies that it may have, to remove or tow away the vehicle involved and charge the cost to Tenant, which cost shall be immediately payable upon demand by Landlord. 

  
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 (b) Subject to subparagraph (c) below and the remaining provisions of this
Lease, Tenant shall have the nonexclusive right, in common with others, to the use of such entrances, lobbies, restrooms, elevators, ramps, drives, stairs, and similar access ways and service ways and other common areas and facilities in and
adjacent to the Building and the Project as are designated from time to time by Landlord for the general nonexclusive use of Landlord, Tenant and the other tenants of the Project and their respective employees, agents, representatives, licensees and
invitees (“Common Areas”). The use of such Common Areas shall be subject to the reasonable rules and regulations contained herein and the provisions of any covenants, conditions and restrictions affecting the Building or the
Project. Tenant shall keep all of the Common Areas free and clear of any obstructions created or permitted by Tenant or resulting from Tenant’s operations, and shall use the Common Areas only for normal activities, parking and ingress and
egress by Tenant and its employees, agents, representatives, licensees and invitees to and from the Premises, the Building or the Project. If, in the reasonable opinion of Landlord, unauthorized persons are using the Common Areas by reason of the
presence of Tenant in the Premises, Tenant, upon demand of Landlord, shall correct such situation by appropriate action or proceedings against all such unauthorized persons. Nothing herein shall affect the rights of Landlord at any time to remove
any such unauthorized persons from said areas or to prevent the use of any of said areas by unauthorized persons. Landlord reserves the right to make such changes, alterations, additions, deletions, improvements, repairs or replacements in or to the
Building, the Project (including the Premises) and the Common Areas as Landlord may reasonably deem necessary or desirable, including, without limitation, constructing new buildings and making changes in the location, size, shape and number of
driveways, entrances, parking spaces, parking areas, loading areas, landscaped areas and walkways; provided, however, that there shall be no unreasonable permanent obstruction of access to or use of the Premises resulting therefrom. In the event
that the Project is not completed on the date of execution of this Lease, Landlord shall have the sole judgment and discretion to determine the architecture, design, appearance, construction, workmanship, materials and equipment with respect to
construction of the Project. Notwithstanding any provision of this Lease to the contrary, the Common Areas shall not in any event be deemed to be a portion of or included within the Premises leased to Tenant and the Premises shall not be deemed to
be a portion of the Common Areas. This Lease is granted subject to the terms hereof, the rights and interests of third parties under existing liens, ground leases, easements and encumbrances affecting such property, all zoning regulations, rules,
ordinances, building restrictions and other laws and regulations now in effect or hereafter adopted by any governmental authority having jurisdiction over the Project or any part thereof. 

(c) Notwithstanding any provision of this Lease to the contrary, Landlord specifically reserves the right to redefine the term
“Project” for purposes of allocating and calculating Operating Costs so as to include or exclude areas as Landlord shall from time to time determine or specify (and any such determination or specification shall be without prejudice
to Landlord’s right to revise thereafter such determination or specification). In addition, Landlord shall have the right to contract or otherwise arrange for amenities, services or utilities (the cost of which is included within Operating
Costs) to be on a common or shared basis to both the Project (i.e., the area with respect to which Operating Costs are determined) and adjacent areas not included within the Project, so long as the basis on which the cost of such amenities, services
or utilities is allocated to the Project is determined on an arms-length basis or some other basis reasonably determined by Landlord. In the case where the definition of the Project is revised, Tenant’s Proportionate Share shall be
appropriately revised to equal the percentage share of all Rentable Area contained within the Project (as then defined) represented by the Premises. Landlord shall have the sole right to determine which portions of the Project and other areas, if
any, shall be served by common management, operation, maintenance and repair. Landlord shall also have the right, in its sole discretion, to allocate and prorate any portion or portions of the Operating Costs on a building-by-building basis, on an aggregate basis of all buildings in the Project, or any other reasonable manner, and if allocated on a
building-by-building basis, then Tenant’s Proportionate Share shall, as to the portion of the Operating Costs so allocated, be based on the ratio of the Rentable
Area of the Premises to the Rentable Area of the Building. 

  
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	19.	 MISCELLANEOUS 

(a) Attorneys’ Fees. In the event of any legal action or proceeding brought by either party against the other arising out of this
Lease, the prevailing party shall be entitled to recover reasonable attorneys’ fees and costs (including, without limitation, court costs and expert witness fees) incurred in such action. Such amounts shall be included in any judgment rendered
in any such action or proceeding. 
 (b) Waiver. No waiver by either party of any provision of this Lease or of any breach by the
other party hereunder shall be deemed to be a waiver of any other provision hereof, or of any subsequent breach by the other party. Landlord’s consent to or approval of any act by Tenant requiring Landlord’s consent or approval under this
Lease shall not be deemed to render unnecessary the obtaining of Landlord’s consent to or approval of any subsequent act of Tenant. No act or thing done by Landlord or Landlord’s agents during the term of this Lease shall be deemed an
acceptance of a surrender of the Premises, unless in writing signed by Landlord. The delivery of the keys to any employee or agent of Landlord shall not operate as a termination of the Lease or a surrender of the Premises. The acceptance of any Rent
by Landlord following a breach of this Lease by Tenant shall not constitute a waiver by Landlord of such breach or any other breach unless such waiver is expressly stated in a writing signed by Landlord. 

(c) Notices. Any notice, demand, request, consent, approval, disapproval or certificate (“Notice”) required or desired
to be given under this Lease shall be in writing and given by certified mail, return receipt requested, by personal delivery or by Federal Express or a similar nationwide overnight delivery service providing a receipt for delivery. Notices may not
be given by facsimile. The date of giving any Notice shall be deemed to be the date upon which delivery is actually made by one of the methods described in this Section 19(c) (or attempted if said delivery is refused or rejected). If a Notice
is received on a Saturday, Sunday or legal holiday, it shall be deemed received on the next business day. All notices, demands, requests, consents, approvals, disapprovals, or certificates shall be addressed at the address specified in Item 14
of the Basic Lease Provisions or to such other addresses as may be specified by written notice from Landlord to Tenant and if to Tenant, at the Premises. Either party may change its address by giving reasonable advance written Notice of its new
address in accordance with the methods described in this Paragraph; provided, however, no notice of either party’s change of address shall be effective until fifteen (15) days after the addressee’s actual receipt thereof. 

(d) Access Control. Landlord shall be the sole determinant of the type and amount of any access control or courtesy guard services to
be provided to the Project, if any. IN ALL EVENTS, LANDLORD SHALL NOT BE LIABLE TO TENANT, AND TENANT HEREBY WAIVES ANY CLAIM AGAINST LANDLORD, FOR (I) ANY UNAUTHORIZED OR CRIMINAL ENTRY OF THIRD PARTIES INTO THE PREMISES, THE BUILDING OR THE
PROJECT, (II) ANY DAMAGE TO PERSONS, OR (III) ANY LOSS OF PROPERTY IN AND ABOUT THE PREMISES, THE BUILDING OR THE PROJECT, BY OR FROM ANY UNAUTHORIZED OR CRIMINAL ACTS OF THIRD PARTIES, REGARDLESS OF ANY ACTION, INACTION, FAILURE,
BREAKDOWN, MALFUNCTION AND/OR INSUFFICIENCY OF THE ACCESS CONTROL OR COURTESY GUARD SERVICES PROVIDED BY LANDLORD. 
 (e) Storage.
Any storage space at any time leased to Tenant hereunder shall be used exclusively for storage. Notwithstanding any other provision of this Lease to the contrary, (i) Landlord shall have no obligation to provide heating, cleaning, water or air
conditioning therefor, and (ii) Landlord shall be obligated to provide to such storage space only such electricity as will, in Landlord’s judgment, be adequate to light said space as storage space. 

(f) Holding Over. If Tenant retains possession of the Premises after the termination of the Lease Term, unless otherwise agreed in
writing, such possession shall be subject to immediate termination by Landlord at any time, and all of the other terms and provisions of this Lease (excluding any expansion or renewal option or other similar right or option) shall be applicable
during such holdover period, except that Tenant shall pay Landlord from time to time, upon demand, as Basic Annual Rent for the holdover period, an amount equal to one hundred fifty percent (150%) of the Basic Annual Rent in effect on the
termination date, computed on a monthly basis for each month or part thereof during such holding over; provided, however, during such holdover period if Landlord recovers legal possession of the Premises free of any claim by Tenant during such
holdover period in which Tenant has paid Basic Annual Rent for the entirety of such month, Landlord shall provide Tenant with a refund of the pro-rated 

  
 30 

 
portion of such rent attributable to the portion of the month after the date that Landlord has received legal possession of the Premises free of Tenant’s claims with respect thereto. All
other payments shall continue under the terms of this Lease. In addition, Tenant shall be liable for all damages incurred by Landlord as a result of such holding over, including, without limitation, any claim made by any succeeding tenant based
thereon. No holding over by Tenant, whether with or without consent of Landlord, shall operate to extend this Lease except as otherwise expressly provided, and this Paragraph shall not be construed as consent for Tenant to retain possession of the
Premises. 
 (g) Condition of Premises. EXCEPT AS OTHERWISE EXPRESSLY PROVIDED IN THIS LEASE, LANDLORD HEREBY DISCLAIMS ANY EXPRESS
OR IMPLIED REPRESENTATION OR WARRANTY THAT THE PREMISES ARE SUITABLE FOR TENANT’S INTENDED PURPOSE OR USE, WHICH DISCLAIMER IS HEREBY ACKNOWLEDGED BY TENANT. THE TAKING OF POSSESSION BY TENANT SHALL BE CONCLUSIVE EVIDENCE THAT TENANT: 

(i) ACCEPTS THE PREMISES, THE BUILDING AND LEASEHOLD IMPROVEMENTS AS SUITABLE FOR THE PURPOSES FOR WHICH THE PREMISES WERE
LEASED; 
 (ii) ACCEPTS THE PREMISES AND PROJECT IN ITS AS-IS, WHERE,-IS CONDITION; 
 (iii) WAIVES ANY DEFECTS IN THE PREMISES AND ITS APPURTENANCES
EXISTING NOW OR IN THE FUTURE, EXCEPT THAT TENANT’S TAKING OF POSSESSION SHALL NOT BE DEEMED TO WAIVE LANDLORD’S COMPLETION OF MINOR FINISH WORK ITEMS THAT DO NOT INTERFERE WITH TENANT’S OCCUPANCY OF THE PREMISES OR ANY PUNCH LIST
ITEMS PURSUANT TO EXHIBIT B HEREOF OR ANY HVAC WORK PURSUANT TO PARAGRAPH 4(A) HEREOF; AND 
 (iv) WAIVES ALL CLAIMS BASED ON
ANY IMPLIED WARRANTY OF SUITABILITY OR HABITABILITY. 
 (h) Quiet Possession. Upon Tenant’s paying the Rent reserved hereunder
and observing and performing all of the covenants, conditions and provisions on Tenant’s part to be observed and performed hereunder, Tenant shall have quiet possession of the Premises for the term hereof without hindrance or ejection by any
person lawfully claiming under Landlord, subject to the provisions of this Lease and to the provisions of any (i) covenants, conditions and restrictions, (ii) master lease, or (iii) Security Documents to which this Lease is subordinate or
may be subordinated. 
 (i) Matters of Record. Except as otherwise provided herein, this Lease and Tenant’s rights hereunder are
subject and subordinate to all matters affecting Landlord’s title to the Project recorded in the Real Property Records of the County in which the Project is located, prior to and subsequent to the date hereof, including, without limitation, all
covenants, conditions and restrictions. Tenant agrees for itself and all persons in possession or holding under it that it will comply with and not violate any such covenants, conditions and restrictions or other matters of record. Landlord reserves
the right, from time to time, to grant such easements, rights and dedications as Landlord deems necessary or desirable, and to cause the recordation of parcel maps and covenants, conditions and restrictions affecting the Premises, the Building or
the Project, as long as such easements, rights, dedications, maps, and covenants, conditions and restrictions do not materially interfere with the use of the Premises by Tenant. At Landlord’s request, Tenant shall join in the execution of any
of the aforementioned documents. 
 (j) Successors and Assigns. Except as otherwise provided in this Lease, all of the covenants,
conditions and provisions of this Lease shall be binding upon and shall inure to the benefit of the parties hereto and their respective heirs, personal representatives, successors and assigns. Tenant shall attorn to each purchaser, successor or
assignee of Landlord. 
 (k) Brokers. Landlord has entered into an agreement with Landlord’s Broker specified in Item 12
of the Basic Lease Provision as representing Landlord, and Landlord shall pay any commissions or fees that are payable to Landlord’s Broker with respect to this Lease in accordance with the provisions of a separate commission

  
 31 

 
contract. Landlord shall have no further or separate obligation for payment of commissions or fees to any other real estate broker, finder or intermediary. Tenant represents that it has not had
any dealings with any real estate broker, finder or intermediary with respect to this Lease, other than Landlord’s Broker and Tenant’s Broker specified in Item 12 of the Basic Lease Provision as representing Tenant. Any commissions
or fees payable to Tenant’s Broker with respect to this Lease shall be paid exclusively by Landlord’s Broker. Each party represents and warrants to the other, that, to its knowledge, no other broker, agent or finder (a) negotiated or
was instrumental in negotiating or consummating this Lease on its behalf, and (b) is or might be entitled to a commission or compensation in connection with this Lease. Tenant shall indemnify, protect, defend (by counsel reasonably approved in
writing by Landlord) and hold Landlord harmless from and against any and all claims, judgments, suits, causes of action, damages, losses, liabilities and expenses (including attorneys’ fees and court costs) resulting from any breach by Tenant
of the foregoing representation, including, without limitation, any claims that may be asserted against Landlord by any broker, agent or finder undisclosed by Tenant herein. Landlord shall indemnify, protect, defend (by counsel reasonably approved
in writing by Tenant) and hold Tenant harmless from and against any and all claims, judgments, suits, causes of action, damages, losses, liabilities and expenses (including attorneys’ fees and court costs) resulting from any breach by Landlord
of the foregoing representation, including, without limitation, any claims that may be asserted against Tenant by any broker, agent or finder undisclosed by Landlord herein. The foregoing indemnities shall survive the expiration or earlier
termination of this Lease. 
 (l) Name. Landlord shall have the exclusive right at all times during the Lease Term to change, modify,
add to or otherwise alter the name, number, or designation of the Building and/or the Project, and Landlord shall not be liable for claims or damages of any kind which may be attributed thereto or result therefrom. 

(m) Examination of Lease. Submission of this instrument for examination or signature by Tenant does not constitute a reservation of or
option for lease, and it is not effective as a lease or otherwise until execution by and delivery to both Landlord and Tenant. 
 (n)
Time. Time is of the essence of this Lease and each and all of its provisions. 
 (o) Defined Terms and Marginal Headings. The
words “Landlord” and “Tenant” as used herein shall include the plural as well as the singular and for purposes of Articles 5,7,13 and 18, the term Landlord shall include Landlord, its employees, contractors and agents. If
more than one person is named as Tenant the obligations of such persons are joint and several. The marginal headings and titles to the articles of this Lease are not a part of this Lease and shall have no effect upon the construction or
interpretation of any part hereof. 
 (p) Conflict of Laws; Prior Agreements; Separability. This Lease shall be governed by and
construed pursuant to the laws of the State of California. This Lease contains all of the agreements of the parties hereto with respect to any matter covered or mentioned in this Lease. No prior agreement, understanding or representation pertaining
to any such matter shall be effective for any purpose. No provision of this Lease may be amended or added to except by an agreement in writing signed by the parties hereto or their respective successors in interest. The illegality, invalidity or
unenforceability of any provision of this Lease shall in no way impair or invalidate any other provision of this Lease, and such remaining provisions shall remain in full force and effect. 

(q) Authority. If Tenant is a corporation, each individual executing this Lease on behalf of Tenant hereby covenants and warrants that
Tenant is a duly authorized and existing corporation, that Tenant has and is qualified to do business in the State, that the corporation has full right and authority to enter into this Lease, and that each person signing on behalf of the corporation
is authorized to do so. If Tenant is a partnership or trust, each individual executing this Lease on behalf of Tenant hereby covenants and warrants that he is duly authorized to execute and deliver this Lease on behalf of Tenant in accordance with
the terms of such entity’s partnership or trust agreement. Tenant shall provide Landlord on demand with such evidence of such authority as Landlord shall reasonably request, including, without limitation, resolutions, certificates and opinions
of counsel. 
 (r) Joint and Several Liability. If two or more individuals, corporations, partnerships or other business associations
(or any combination of two or more thereof) shall sign this Lease as Tenant, the liability of each such individual, corporation, partnership or other business association to pay Rent and perform all other obligations hereunder shall be deemed to be
joint and several, and all notices, payments and agreements given or 

  
 32 

 
made by, with or to any one of such individuals, corporations, partnerships or other business associations shall be deemed to have been given or made by, with or to all of them. In like manner,
if Tenant shall be a partnership or other business association, the members of which are, by virtue of statute or federal law, subject to personal liability, then the liability of each such member shall be joint and several. 

(s) Rental Allocation. For purposes of Section 467 of the Internal Revenue Code of 1986, as amended from time to time, Landlord
and Tenant hereby agree to allocate all Rent to the period in which payment is due, or if later, the period in which Rent is paid. 
 (t)
Rules and Regulations. Tenant agrees to comply with all rules and regulations of the Building and the Project imposed by Landlord as set forth on Exhibit D attached hereto, as the same may be reasonably changed from time
to time upon reasonable notice to Tenant. Landlord shall not be liable to Tenant for the failure of any other tenant or any of its assignees, subtenants, or their respective agents, employees, representatives, invitees or licensees to conform to
such rules and regulations. In the event of a conflict between this Lease and the rules and regulations, this Lease shall control. 
 (u)
Joint Product. This Agreement is the result of arms-length negotiations between Landlord and Tenant and their respective attorneys. Accordingly, neither party shall be deemed to be the author of this Lease and this Lease shall not be
construed against either party. 
 (v) Financial Statements. Upon Landlord’s written request, but no more than twice per year,
Tenant shall promptly furnish Landlord, from time to time, with the most current audited financial statements prepared in accordance with generally accepted accounting principles, certified by Tenant and an independent auditor to be true and
correct, reflecting Tenant’s then current financial condition. 
 (w) Force Majeure. Any prevention, delay or stoppage due to
strikes, lockouts, labor disputes, acts of God, acts of war, terrorism, terrorist activities, inability to obtain services, labor, or materials or reasonable substitutes therefore, governmental actions, civil commotions, fire, flood, earthquake or
other casualty, and other causes beyond the reasonable control of the party obligated to perform, except with respect to the obligations imposed with regard to Rent and other charges to be paid by Tenant pursuant to this Lease and except as to
Tenant’s obligations under Article 6 and Article 8 of this Lease and Section 19(f) of this Lease and any extension of the Construction Termination Date as set forth in Paragraph (d) of
Exhibit B to this Lease (collectively, a “Force Majeure”), notwithstanding anything to the contrary contained in this Lease, shall excuse the performance of such party for a period equal to any such prevention,
delay or stoppage and, therefore, if this Lease specifies a time period for performance of an obligation of either party, that time period shall be extended by the period of any delay in such party’s performance caused by a Force Majeure. 

(x) Submission of Lease. Submission of this instrument for examination or signature by Tenant does not constitute a reservation of,
option for or option to lease, and it is not effective as a lease or otherwise until execution and delivery by both Landlord and Tenant. 

(y) [Intentionally Deleted]. 

(z) Office and Communication Services. Landlord has advised Tenant that certain office and communications services may be offered to
tenants of the Building by a concessionaire under contract to Landlord (“Provider”). Tenant shall be permitted to contract with Provider for the provision of any or all of such services on such terms and conditions as Tenant and
Provider may agree. Tenant acknowledges and agrees that: (i) Landlord has made no warranty or representation to Tenant with respect to the availability of any such services, or the quality, reliability or suitability thereof; (ii) the
Provider is not acting as the agent or representative of Landlord in the provision of such services, and Landlord shall have no liability or responsibility for any failure or inadequacy of such services, or any equipment or facilities used in the
furnishing thereof, or any act or omission of Provider, or its agents, employees, representatives, officers or contractors; (iii) Landlord shall have no responsibility or liability for the installation, alteration, repair, maintenance,
furnishing, operation, adjustment or removal of any such services, equipment or facilities; and (iv) any contract or other agreement between Tenant and Provider shall be independent of this Lease, the obligations of Tenant hereunder, and the
rights of Landlord hereunder, and, without limiting the 

  
 33 

 
foregoing, no default or failure of Provider with respect to any such services, equipment or facilities, or under any contract or agreement relating thereto, shall have any effect on this Lease
or give to Tenant any offset or defense to the full and timely performance of its obligations hereunder, or entitle Tenant to any abatement of Basic Annual Rent or Additional Rent or any other payment required to be made by Tenant hereunder, or
constitute any accrual or constructive eviction of Tenant, or otherwise give rise to any other claim of any nature against Landlord. 
 (aa)
Counterparts. This Lease may be executed in several counterparts, each of which shall be deemed an original, and all of which shall constitute but one and the same instrument. 

(bb) Waiver of Jury Trial. TENANT AND LANDLORD WAIVE ANY RIGHT TO TRIAL BY JURY OR TO HAVE A JURY PARTICIPATE IN RESOLVING ANY DISPUTE,
WHETHER SOUNDING IN CONTRACT, TORT OR OTHERWISE, BETWEEN LANDLORD AND TENANT ARISING OUT OF THIS LEASE OR ANY OTHER INSTRUMENT, DOCUMENT, OR AGREEMENT EXECUTED OR DELIVERED IN CONNECTION HEREWITH OR THE TRANSACTIONS RELATED HERETO. 

(cc) OFAC Compliance. 

(i) Certification. Tenant certifies, represents, warrants and covenants that: 

(A) It is not acting and will not act, directly or indirectly, for or on behalf of any person, group, entity, or nation named
by any Executive Order or the United States Treasury Department as a terrorist, “Specially Designated National and Blocked Person”, or other banned or blocked person, entity, nation or transaction pursuant to any law, order, rule, or
regulation that is enforced or administered by the Office of Foreign Assets Control; and 
 (B) It is not engaged in this
transaction, directly or indirectly on behalf of, or instigating or facilitating this transaction, directly or indirectly on behalf of, any such person, group, entity or nation. 

(ii) Indemnity. Tenant hereby agrees to defend (with counsel reasonably acceptable to Landlord), indemnify and hold
harmless Landlord and the Landlord Indemnitees from and against any and all Claims arising from or related to any such breach of the foregoing certifications, representations, warranties and covenants. 

(dd) CASp Disclosure. As of the Date of this Lease, the Project has not undergone inspection by a Certified Access Specialist (CASp).

 (ee) Signage. Provided that (x) Tenant is the Tenant originally named herein or a Permitted Trasnferee, (y) Tenant or a
Permitted Transferee is leasing and actually occupies the Premises initially leased hereunder, and (z) no event of material default or event which but for the passage of time or the giving of notice, or both, would constitute a material event
of default has occurred and is continuing, then, subject to the further terms of this Paragraph 19(ee) and all applicable laws, ordinances, restrictions, rules and regulations, as well as all applicable covenants, restrictions or deed
restrictions affecting the Project (collectively, the “Applicable Rules and Restrictions”), Tenant shall have the right throughout the Lease Term to install its signage in a location near the main entrance to the Premises
(“Fascia Sign”) provided that Landlord, acting reasonably, approves the Fascia Sign (including all structural engineering and aesthetic aspects thereof) and the exact location where the same is to be installed. The engineering,
manufacture, installation, maintenance and removal of, and the procurement of all required approvals for, the Fascia Sign shall be at Tenant’s sole cost and expense. Notwithstanding the foregoing to the contrary, Landlord approves of the logo
and appearance of the sign set forth in Exhibit J attached hereto; provided, however, the exact location and size of such sign is still subject to Landlord’s prior approval. The installation of the Fascia Sign shall be in compliance with
all Applicable Rules and Restrictions. Prior to the manufacturing or installing the Fascia Sign, Tenant shall submit to Landlord, for Landlord’s approval which shall not be unreasonably withheld, delayed or, except as expressly provided herein,
conditioned, (i) a report from a structural engineer reasonably acceptable to Landlord providing that (A) the Building can adequately support the installation of the Fascia Sign, and (B) the Fascia Sign can and will be installed in a
manner that will not damage, or otherwise affect or diminish the structural integrity of, the Building, and (ii) a detailed drawing indicating the size, layout, design, configuration, 

  
 34 

 
lettering and/or graphics and color of the proposed Fascia Sign, together with the proposed location where the Fascia Sign is to be installed. In the event Landlord approves the structural
report, the Fascia Sign and the location, Landlord shall evidence such approval in writing. Tenant shall install, repair, maintain, and remove the Fascia Sign with contractors approved by Landlord. Any such contractors shall satisfy Landlord’s
insurance and indemnification requirements prior to performing any work. Tenant agrees that the installation, maintenance, repair and removal of the Fascia Sign shall be at Tenant’s sole risk. Tenant agrees to maintain the Fascia Sign in good
condition and repair and, prior to the expiration of the Lease Term or the earlier termination of this Lease or Tenant’s right of possession under this Lease, Tenant shall remove the Fascia Sign at its sole cost and expense. In the event Tenant
fails to repair or remove the Fascia Sign, Landlord shall have the right to repair or remove the Fascia Sign, as the case may be, and Tenant shall reimburse Landlord on demand for all costs incurred by Landlord in connection therewith, plus an
additional charge equal to ten percent (10%) of such costs incurred by Landlord as a coordination fee, and upon any such removal Landlord shall have the right to dispose of the same in any manner Landlord so desires without any liability to Tenant
therefor. TENANT AGREES TO INDEMNIFY AND HOLD LANDLORD HARMLESS FROM AND AGAINST ANY AND ALL LIENS, CLAIMS, DEMANDS, LIABILITIES, AND EXPENSES (INCLUDING REASONABLE ATTORNEY’S FEES) INCURRED OR SUFFERED BY LANDLORD AND EXISTING OUT OF OR IN ANY
WAY RELATED TO THE INSTALLATION, MAINTENANCE, REPAIR OR REMOVAL OF THE FASCIA SIGN, EVEN IF THE SAME IS CAUSED IN PART (BUT NOT SOLELY) BY THE NEGLIGENCE OF LANDLORD, ITS EMPLOYEES, AGENTS OR REPRESENTATIVES. Notwithstanding anything herein to the
contrary, Landlord shall have the right to terminate Tenant’s rights under this Paragraph 19(ee) by providing written notice of termination to Tenant if, at any time, Tenant (1) assigns this Lease, (2) subleases any portion of
the Premises, or (3) suffers an event of default of any term or condition of this Lease. In the event Landlord terminates Tenant’s rights under this Paragraph 19(ee) as provided for in the immediately preceding sentence, Tenant
shall remove the Fascia Sign from the Building and repair any damage to the Building caused by the installation, maintenance and/or removal thereof within thirty (30) days following receipt of Landlord’s written notice of termination, and,
in the event Tenant fails to timely remove the Fascia Sign and/or repair such damage, Landlord shall have the right to do the same and Tenant shall reimburse Landlord on demand for all costs incurred by Landlord in connection therewith, plus an
additional charge equal to ten percent (10%) of such costs incurred by Landlord as a coordination fee (and Tenant shall be deemed to have abandoned the Fascia Sign and Landlord shall have the right to dispose of the Fascia Sign in any manner
Landlord shall choose in its sole discretion without any liability whatsoever to Tenant with respect thereto). 
 (ff) Bicycles. Tenant
shall be permitted to bring onto the Premises bicycles. 
 [SIGNATURE PAGE TO FOLLOW] 

  
 35 

 SIGNATURE PAGE TO OFFICE LEASE 

BY AND BETWEEN 
 EOSII PALO ALTO
TECHNOLOGY CENTER, LLC, AS LANDLORD, AND 
 BILL.COM, INC., AS TENANT 

IN WITNESS WHEREOF, the parties have executed this Lease to be effective as of the Date of this Lease. 

 

									
	“LANDLORD”	 		 	“TENANT”
			
	EOSII PALO ALTO TECHNOLOGY CENTER, LLC,
a Delaware limited liability company	 		 	BILL.COM, INC.,
a Delaware corporation
					
	By:	 	KBS Capital Advisors, LLC,
a Delaware limited liability company, as agent	 		 		 	

  

											
		 	By:	 	/s/ Brent Carroll	 		 	By:	 	/s/ Mark Orttung
		 	Name:	 	Brent Carroll	 		 	Name:	 	Mark Orttung
		 		 	Senior Vice President
12/2/13	 		 	Title:	 	President & COO

  
 36 

 EXHIBIT A-1  

FLOOR PLAN OF THE PREMISES 
  

 

  
 A-1 — 1 

 EXHIBIT A-2  

SITE PLAN OF THE PROJECT 
  

 

  
 A-2 — 1 

 EXHIBIT A-3  

RENTABLE AREA 
 The
term “Rentable Area” as used in the Lease shall mean: 
 (a) As to each floor of the Building on which the entire space
rentable to tenants is or will be leased to one tenant (hereinafter referred to as “Single Tenant Floor”), Rentable Area shall be the entire area bounded by the inside surface of the four exterior glass walls (or the inside surface
of the permanent exterior wall where there is no glass) on such floor, including (i) all areas used for elevator lobbies, corridors, or special stairways, restrooms, mechanical rooms, electrical rooms and telephone closets, without deduction
for columns, and other structural portions of the Building or vertical penetrations that are included for the special use of Tenant and (ii) if the Building has more than one floor, a pro rata portion (calculated on the basis of the entire
Rentable Area of the Building) of the area of the mailroom premises and entry lobby located on the first floor of the Building (as bounded by the inside surface of the walls thereof, but excluding the area contained within the exterior walls of the
Building stairs, fire towers, vertical ducts, elevator shafts, flues, vents, stacks and pipe shafts). 
 (b) As to each floor of the
Building on which space is or will be leased to more than one tenant (hereinafter referred to as “Multi-Tenant Floor”), Rentable Area attributable to each such lease shall be the total of (i) the entire area included within the
Premises covered by such lease, being the area bounded by the inside surface of any exterior glass walls (or the inside surface of the permanent exterior wall where there is no glass) of the Building bounding such Premises, the exterior of all walls
separating such Premises from public corridors or other public areas on such floor, and the centerline of all walls separating such Premises from other areas leased or to be leased to other tenants on such floor, (ii) a pro rata portion
(calculated on the basis of the Rentable Area of the floor) of the area covered by the elevator lobbies, corridors, restrooms, mechanical rooms, electrical rooms and telephone closets situated on such floor and (iii) if the Building has more
than one floor, a pro rata portion (calculated on the basis of the entire Rentable Area of the Building) of the area of the mailroom premises and entry lobby located on the main entry floor of the Building (as bounded by the inside surface of the
walls thereof). 
 (c) As to any storage space leased to a tenant, the Rentable Area shall be the entire area included within the storage
space covered by such lease, being the area bounded by the inside surface of any permanent exterior wall of the Building bounding such storage space, the exterior of all walls separating such storage space from public corridors or other public areas
on such floor, and the centerline of all walls separating such storage space from other areas leased or to be leased to other tenants on such floor. The Rentable Area of storage space shall not be included within the Premises for purposes of
determining Tenant’s Proportionate Share of Operating Costs. 

  
 A-3 — 1 

 EXHIBIT B 

WORK LETTER 
 THIS
WORK LETTER is attached as Exhibit B to the Office Lease between EOSII PALO ALTO TECHNOLOGY CENTER, LLC, as Landlord, and BILL.COM, INC., as Tenant, and constitutes the further agreement between Landlord and Tenant as follows: 

(a)    Tenant Improvements. Landlord, at Tenant’s sole cost and expense, agrees to furnish or perform those
items of construction and those improvements (the “Tenant Improvements”) specified in the Final Plans to be agreed to by Landlord and Tenant as set forth in Paragraph (b) below; provided, however, Landlord shall pay for
the cost of such Tenant Improvements up to the extent of Landlord’s Construction Allowance as set forth in Paragraph (e) below. 

(b)    Space Planner. Landlord has retained a space planner (the “Space Planner”) to prepare
certain plans, drawings and specifications (the “Temporary Plans”) for the construction of the Tenant Improvements to be installed in the Premises by a general contractor selected by Landlord pursuant to this Work Letter. Landlord
and Tenant have each approved of the preliminary space plan attached hereto as Exhibit B-1. Tenant shall deliver to Space Planner within ten (10) days after the execution of this Lease any and all
necessary information required by the Space Planner to complete the Temporary Plans which shall be based on the preliminary space plan attached hereto as Exhibit B-1. Tenant shall have five
(5) business days after its receipt of the proposed Temporary Plans to review the same and notify Landlord in writing of any comments or required changes, or to otherwise give its approval or disapproval of such proposed Temporary Plans. If
Tenant fails to give written comments to or approve the Temporary Plans within such five (5) business day period, then Tenant shall be deemed to have approved the Temporary Plans as submitted. Landlord shall have five (5) business days
following its receipt of Tenant’s comments and objections to redraw the proposed Temporary Plans in compliance with Tenant’s request and to resubmit the same for Tenant’s final review and approval or comment within five
(5) business days of Tenant’s receipt of such revised plans. Such process shall be repeated twice and provided that the Space Planner has addressed, responded and/or provided a good faith objection to Tenant’s previous comments, then
if at such time final approval by Tenant of the proposed Temporary Plans has not been obtained, then Landlord shall complete such Temporary Plans, at Tenant’s sole cost and expense, and it shall be deemed that Tenant has approved the Temporary
Plans. Once Tenant has approved or has been deemed to have approved the Temporary Plans, then the approved (or deemed approved) Temporary Plans shall be thereafter known as the “Final Plans”. The Final Plans shall include the complete and
final layout, plans and specifications for the Premises showing all doors, light fixtures, electrical outlets, telephone outlets, wall coverings, plumbing improvements (if any), data systems wiring, floor coverings, wall coverings, painting, any
other improvements to the Premises beyond the shell and core improvements provided by Landlord and any demolition of existing improvements in the Premises. The improvements shown in the Final Plans shall (i) utilize Landlord’s building
standard materials and methods of construction, (ii) be compatible with the shell and core improvements and the design, construction and equipment of the Premises, and (iii) comply with all applicable laws, rules, regulations, codes and
ordinances. 
 (c)    Bids. As soon as practicable following the approval of the Final Plans, Landlord shall
(i) obtain three (3) written non-binding itemized estimates of the costs of all Tenant Improvements shown in the Final Plans as prepared by three (3) general contractors selected by Landlord,
and (ii) if required by applicable law, codes or ordinances, submit the Final Plans to the appropriate governmental agency for the issuance of a building permit or other required governmental approvals prerequisite to commencement of
construction of such Tenant Improvements (“Permits”). Tenant acknowledges that any cost estimates are prepared by the general contractors and Landlord shall not be liable to Tenant for any inaccuracy in any such estimates. Within
five (5) business days after receipt of the written non-binding cost estimates prepared by the general contractors, Tenant shall either (A) give its written approval with respect to the lowest
qualifying estimate and authorization to proceed with construction or (B) immediately request the Space Planner to modify or revise the Plans in any manner desired by Tenant to decrease the cost of the Tenant Improvements. If Tenant is silent
during such five (5) business day period, then Tenant shall be deemed to have approved the lowest qualifying non-binding cost estimate as set forth in Clause (A) above. If the Final Plans are revised
pursuant to Clause (B) above, then Landlord shall request that the general contractors provide revised cost estimates to Tenant based upon the revisions to the Final Plans. Such modifications and revisions shall be subject to Landlord’s
reasonable approval and shall be in accordance with the standards set forth 

  
 B — 1 

 
in Paragraph (b) of this Work Letter. Within ten (10) business days after receipt of the general contractors’ original written cost estimate and the description, if any, of
any Tenant Delay, Tenant shall give its final approval of the Final Plans to Landlord which shall constitute authorization to commence the construction of the Tenant Improvements in accordance with the Final Plans, as modified or revised. Tenant
shall signify its final approval by signing a copy of each sheet or page of the Final Plans and delivering such signed copy to Landlord. 

(d)    Construction. Landlord shall commence construction of the Tenant Improvements within ten (10) days
following the later of (i) the approval of the Final Plans, or (ii) Landlord’s receipt of any necessary Permits. Landlord shall diligently pursue completion of construction of the Tenant Improvements and use its commercially
reasonable efforts to complete construction of the Tenant Improvements as soon as reasonably practicable. Notwithstanding anything in this Lease or in this Work Letter to the contrary, Landlord’s Construction Allowance, as specified in
Item 18 of the Basic Lease Provisions, shall be used only for the construction of the Tenant Improvements, and if construction of the Tenant Improvements is not completed by December 31, 2014 (“Construction Termination
Date”) due to Tenant Delays, then Landlord’s obligation to provide the Landlord’s Construction Allowance, as specified in Item 18 of the Basic Lease Provisions, shall terminate and become null and void, and Tenant
shall be deemed to have waived its rights in and to said Landlord’s Construction Allowance. In the event any unused balance of the Landlord’s Construction Allowance remains upon the Substantial Completion of the Tenant Improvements, Tenant
hereby acknowledges that such unused balance shall be the sole property of Landlord. 
 (e)    Landlord’s
Construction Allowance. Subject to the terms and provisions of this Work Letter, Landlord shall pay the cost of the Tenant Improvements (“Work”) up to the amount of the Landlord’s Construction Allowance. If the amount of
the lowest qualified bid to perform the Work exceeds the Landlord’s Construction Allowance, Tenant shall bear the cost of such excess and shall pay the estimated cost of such excess to Landlord prior to commencement of construction of such
Tenant Improvements and a final adjusting payment based upon the actual costs of the Tenant Improvements shall be made when the Tenant Improvements are completed. If the cost of the Work is less than such amount, then Tenant shall not receive any
credit whatsoever for the difference between the actual cost of the Work and Landlord’s Construction Allowance. All remaining amounts due to Landlord shall be paid upon the earlier of Substantial Completion of the Tenant Improvements or
presentation of a written statement of the sums due, which statement may be an estimate of the cost of any component of the Work. The cost of the permits, working drawings, hard construction costs, mechanical and electrical planning, fees, permits,
general contract overhead, and a coordination fee payable to Landlord equal to five percent (5%) of the actual costs of construction and such costs or permits, fees, planning and contractor overhead shall be payable out of the Landlord’s
Construction Allowance and shall be included in the cost of the Work. The cost of the Work shall not include any other fees payable to Landlord. 

(f)    Change Order. If Tenant shall desire any changes to the Final Plans, Tenant shall so advise Landlord in
writing and Landlord shall determine whether such changes can be made in a reasonable and feasible manner. Any and all costs of reviewing any requested changes, and any and all costs of making any changes to the Tenant Improvements which Tenant may
request and which Landlord may agree to shall be at Tenant’s sole cost and expense and shall be paid to Landlord upon demand and before execution of the change order. In no event shall Landlord be obligated to perform any Tenant Improvements
which would extend the construction period past the Construction Termination Date, unless such extension was mutually agreed to in writing by Landlord and Tenant prior to the commencement of said construction. If Landlord approves Tenant’s
requested change, addition, or alteration, the Space Planner, at Tenant’s sole cost and expense, shall complete all working drawings necessary to show the change, addition or alteration being requested by Tenant. 

(g)    Substantial Completion. “Substantial Completion” of construction of the Tenant Improvements
shall be defined as the date upon which the Space Planner or other consultant engaged by Landlord determines that the Tenant Improvements have been substantially completed in accordance with the Final Plans except for Punch List items (defined
below), unless the completion of such improvements was delayed due to any Tenant Delay (defined below), in which case the date of Substantial Completion shall be the date such improvements would have been completed, but for the Tenant Delays. The
term “Punch List” items shall mean items that constitute minor defects or adjustments which can be completed after occupancy without causing any material interference with Tenant’s use of the Premises. After the completion of
the Tenant Improvements, Tenant shall, upon demand, execute and deliver to Landlord a letter of acceptance of improvements performed on the Premises. The term 

  
 B — 2 

 
“Tenant Delay” shall include, without limitation, any delay in the completion of construction of Tenant Improvements resulting from (i) Tenant’s failure to comply with
the provisions of this Work Letter, (ii) any additional time as reasonably determined by Landlord required for ordering, receiving, fabricating and/or installing items or materials or other components of the construction of Tenant Improvements,
including, without limitation, mill work, (iii) delay in work caused by submission by Tenant of a request for any change order (defined below) following Tenant’s approval of the Final Plans, or for the implementation of any change order,
or (iv) any delay by Tenant in timely submitting comments or approvals to the Temporary Plans or Final Plans. The failure of Tenant to take possession of or to occupy the Premises shall not serve to relieve Tenant of obligations arising on the
Commencement Date or delay the payment of Rent by Tenant. 
 (h)    Additional TI Allowance. Provided that the
costs to construct the Tenant Improvements exceed Landlord’s Construction Allowance, then Landlord agrees to provide Tenant with an additional allowance (the “Additional TI Allowance”) of up to $272,196.00 (which is equal to
$12.00 per square foot of Rentable Area contained within the Premises) to be used by Tenant solely towards paying for that portion of the cost of constructing the Tenant Improvements in excess of Landlord’s Construction Allowance. In the event
Tenant desires to utilize any portion of the Additional TI Allowance, then Tenant shall make a one-time request on or before the Commencement Date, indicating in such request the amount of such Additional TI
Allowance Tenant desires that Landlord disburse. Landlord and Tenant hereby agree that in the event Tenant notifies Landlord in writing that Tenant desires any portion of the Additional TI Allowance, such portion requested by Tenant shall be
amortized (at a rate of interest equal to eight percent (8%) per annum) over the period commencing on the date(s) that such sums were advanced or disbursed by Landlord (to the parties entitled to receive any such amounts) and ending on the
expiration of the Initial Term of the Lease, and the monthly installments of Basic Annual Rent payable by Tenant hereunder shall be increased by the monthly amount necessary to so amortize such Additional TI Allowance so disbursed by Landlord.
Tenant agrees to execute promptly an amendment to the Lease reflecting the increase in the Basic Annual Rent as described above. 

(i)    Americans With Disabilities Act. Landlord agrees that any repairs or alterations required to the common area
restrooms or existing restrooms located in the Premises due to the Americans With Disabilities Act which are solely triggered by the Tenant Improvements being constructed pursuant to this Exhibit B (provided such improvements are standard
general office improvements) shall be constructed by Landlord at its sole cost and expense. Notwithstanding the foregoing, Landlord shall not be responsible for any such alterations or improvements to such restrooms if the improvements being
constructed pursuant to this Exhibit B are not standard general office improvements. In addition, Landlord’s obligation to perform such work to such restrooms shall only be applicable with respect to the improvements being constructed in
the Premises pursuant to this Exhibit B and shall not apply with respect to any future improvements or alterations constructed after the Commencement Date. 

(j)    No Removal of Tenant Improvements. Notwithstanding anything to the contrary, Tenant shall have no obligation
to remove the Tenant Improvements and restore the Premises to a condition existing prior to the installation of the Tenant Improvements upon the expiration or earlier termination of this Lease. 

(k)    Asbestos Abatement. Landlord, at its sole cost and expense, agrees to abate any asbestos in the existing
floor tiles. Such abatement work shall be performed in conjunction with the construction of the Tenant Improvements. The cost of such abatement work shall be at Landlord’s expense and shall not be deducted from the Landlord’s Construction
Allowance. 

  
 B — 3 

 EXHIBIT B-1 

APPROVED PRELIMINARY SPACE PLAN 
  

 

  
 B-1 — 1 

 EXHIBIT C 

STANDARDS FOR UTILITIES AND SERVICES 

The following are the Project Standards for Utilities and Services. Landlord reserves the right to adopt such reasonable, nondiscriminatory
modifications and additions hereto as it deems appropriate. 
 1.    Landlord shall, subject to the limitations and
provisions hereinafter set forth in this Exhibit C: 
 (a)    Provide automatic elevator
facilities on Monday through Friday from 8:00 A.M. to 6:00 P.M. and Saturday from 9:00 A.M. to 1:00 P.M., excepting state and federal holidays (hereinafter referred to as “Business Hours”), and provide one (1) automatic
elevator at all other times. 
 (b)    Provide to the Premises, during Business Hours (and at other times
for an additional charge to be fixed by Landlord), heating, ventilation, and air conditioning (HVAC), when and to the extent, in the judgment of Landlord, any of such services may be required for the comfortable occupancy of the Premises for general
office purposes. Landlord shall not be responsible for room temperatures and conditions in the Premises if the lighting and receptacle load for Tenant’s equipment and fixtures exceed those listed in paragraph (c) hereof, if the
Premises are used for other than general office purposes or if the Building standard blinds or curtains in the Premises are not closed so as to screen the sun’s rays. 

(c)    Furnish to the Premises electric current for routine lighting and the operation of general office
machines such as typewriters, dictating equipment, desk model adding machines, and the like, which use 110 volt electric power, not to exceed the reasonable capacity of Building standard office lighting and receptacles, and not in excess of limits
imposed or recommended by governmental authority. 
 (d)    Provide janitorial services to the common
area restrooms in the Building Monday through Friday (except state and federal holidays). Tenant shall pay to Landlord the cost of removal of any of Tenant’s refuse and rubbish, to the extent that the same exceeds the refuse and rubbish which
generally would be produced by the use of the Premises for general office purposes. 
 2.    No data processing
equipment, other special electrical equipment (excluding personal computers utilizing 110 volt electric power, office equipment and standard office server equipment), air conditioning or heating units, or plumbing additions shall be installed, nor
shall any changes to the Building HVAC, electrical or plumbing systems be made without the prior written consent of Landlord, which consent shall be subject to Landlord’s sole and absolute discretion. In the case of any such change, Landlord
reserves the right to designate and/or approve the contractor to be used. Any permitted installations shall be made under Landlord’s supervision. 

3.    Landlord shall not provide reception outlets or television or radio antennas for television or radio broadcast
reception, and Tenant shall not install any such equipment without prior written approval from Landlord. 
 4.    Tenant
will not, without the prior written consent of Landlord, use any apparatus, machine or device in the Premises, including, without limitation, duplicating machines, electronic data processing machines, punch card machines and machines using current
in excess of 110 volts, which will in any way increase the amount of electricity or water usually furnished or supplied for use of the Premises as general office space, nor connect with electric current, except through existing electrical outlets in
the Premises, any apparatus or device for the purpose of using electric current in excess of that usually furnished or supplied for use of the Premises as general office space. 

5.    Tenant agrees to cooperate fully at all times with Landlord, and to abide by all regulations and requirements which
Landlord may prescribe for the proper functioning and protection of the Building HVAC, electrical, plumbing and other systems. Tenant shall comply with all laws, statutes, ordinances and governmental rules and regulations now in force or which may
hereafter be enacted or promulgated in connection with Building services furnished to the Premises, including, without limitation, any governmental rule or regulation relating to the heating and cooling of the Building. 

  
 C-1 

 EXHIBIT D 

BUILDING RULES AND REGULATIONS 

1.    The sidewalks, entrances, passages, courts, elevators, vestibules, stairways and corridors of halls shall not be
obstructed or used for any purpose other than ingress and egress. The halls, passages, entrances, elevators, stairways, balconies and roof are not for the use of the general public, and the Landlord shall in all cases retain the right to control and
prevent access thereto of all persons whose presence, in the judgment of the Landlord, shall be prejudicial to the safety, character, reputation and interests of the Building and its tenants, provided that nothing herein contained shall be construed
to prevent such access to persons with whom the Tenant normally deals only for the purpose of conducting its business in the Premises (such as clients, customers, office suppliers and equipment vendors, and the like) unless such persons are engaged
in illegal activities. No tenant and no employees of any tenant shall go upon the roof of the Building without the written consent of Landlord. 

2.    No awnings or other projections shall be attached to the outside walls of the Building. No curtains, blinds, shades
or screens shall be attached to or hung in, or used in connection with, any window or door of the Premises other than Landlord standard window coverings. All electrical ceiling fixtures hung in offices or spaces along the perimeter of the Building
must be fluorescent, of a quality, type, design and bulb color approved by Landlord. Neither the interior nor the exterior of any windows shall be coated or otherwise sunscreened without the written consent of Landlord . The Building is a “no
smoking building” and Landlord shall have the right to enforce a no smoking rule within the Building and Project, except that Landlord agrees to designate certain areas outside the Building, but within the Project, as designated smoking areas.

 3.    No sign, advertisement, notice or handbill shall be exhibited, distributed, painted or affixed by any tenant
on, about or from any part of the Premises, the Building or the Project without the prior written consent of the Landlord. If the Landlord shall have given such consent at the time, whether before or after the execution of this Lease, such consent
shall in no way operate as a waiver or release of any of the provisions hereof or of this Lease, and shall be deemed to relate only to the particular sign, advertisement or notice so consented to by the Landlord and shall not be construed as
dispensing with the necessity of obtaining the specific written consent of the Landlord with respect to each and every such sign, advertisement or notice other than the particular sign, advertisement or notice , as the case may be, so consented to
by the Landlord. In the event of the violation of the foregoing by any tenant, Landlord may remove or stop same without any liability, and may charge the expense incurred in such removal or stopping to such tenant. Interior signs on doors and the
directory tablet shall be inscribed, painted or affixed for each tenant by the Landlord at the expense of such tenant, and shall be of a size, color and style acceptable to the Landlord. The directory tablet will be provided exclusively for the
display of the name and location of tenants only and Landlord reserves the right to exclude any other names therefrom. Nothing may be placed on the exterior of corridor walls or corridor doors other than Landlord’s standard lettering. 

4.    The sashes, sash doors, skylights, windows, and doors that reflect or admit light and air into halls, passageways or
other public places in the Building shall not be covered or obstructed by any tenant, nor shall any bottles, parcels or other articles be placed on the window sills. Tenant shall see that the windows, transoms and doors of the Premises are closed
and securely locked before leaving the Building and must observe strict care not to leave windows open when it rains. Tenant shall exercise extraordinary care and caution that all water faucets or water apparatus are entirely shut off before Tenant
or Tenant’s employees leave the Building, and that all electricity, gas or air shall likewise be carefully shut off, so as to prevent waste or damage. Tenant shall cooperate with Landlord in obtaining maximum effectiveness of the cooling system
by closing window coverings when the sun’s rays fall directly on the windows of the Premises. Tenant shall not tamper with or change the setting of any thermostats or temperature control valves. 

5.    The toilet rooms, water and wash closets and other plumbing fixtures shall not be used for any purpose other than
those for which they were considered, and no sweepings, rubbish, rags or other substances shall be thrown therein. All damages resulting from any misuse of the fixtures shall be borne by the tenant who, or whose subtenants, assignees or any of their
servants, employees, agents, visitors or licensees shall have caused the same. 

  
 D-1 

 6.    No tenant shall mark, paint, drill into, or in any way deface any
part of the Premises, the Building or the Project. No boring, cutting or stringing of wires or laying of linoleum or other similar floor coverings shall be permitted, except with the prior written consent of the Landlord and as the Landlord may
direct. 
 7.    No bicycles, vehicles, birds or animals of any kind shall be brought into or kept in or about the
Premises, and no cooking shall be done or permitted by any tenant on the Premises, except that the preparation of coffee, tea, hot chocolate and similar items (including those suitable for microwave heating) for tenants and their employees shall be
permitted, provided that the power required therefor shall not exceed that amount which can be provided by a 30 amp circuit. No tenant shall cause or permit any unusual or objectionable odors to be produced or permeate the Premises. Smoking or
carrying lighted cigars, cigarettes or pipes in the Building is prohibited. 
 8.    The Premises shall not be used for
manufacturing or for the storage of merchandise except as such storage may be incidental to the permitted use of the Premises. No tenant shall occupy or permit any portion of the Premises to be occupied as an office for a public stenographer or
typist, or for the manufacture or sale of liquor, narcotics, or tobacco (except by a cigarette vending machine for use by Tenant’s employees) in any form, or as a medical office, or as a barber or manicure shop, or as an employment bureau,
without the express written consent of Landlord. No tenant shall engage or pay any employees on the Premises except those actually working for such tenant on the Premises nor advertise for laborers giving an address at the Premises. The Premises
shall not be used for lodging or sleeping or for any immoral or illegal purposes. 
 9.    No tenant shall make, or
permit to be made any unseemly or disturbing noises or disturb or interfere with occupants of this or neighboring buildings or premises or those having business with them, whether by the use of any musical instrument, radio, phonograph, unusual
noise, or in any other way. No tenant shall throw anything out of doors, windows or skylights or down the passageways. 

10.    No tenant, subtenant or assignee nor any of their servants, employees, agents, visitors or licensees shall at any
time bring or keep upon the Premises any inflammable, combustible or explosive fluid, chemical or substance. 

11.    No additional locks or bolts of any kind shall be placed upon any of the doors or windows by any tenant, nor shall
any changes be made in existing locks or the mechanisms thereof. Each tenant must, upon the termination of his tenancy, restore to Landlord all keys of stores, offices, and toilet rooms, either furnished to, or otherwise procured by, such tenant and
in the event of the loss of keys so furnished, such tenant shall pay to Landlord the cost of replacing the same or of changing the lock or locks opened by such lost key if Landlord shall deem it necessary to make such changes. 

12.    All removals, or the carrying in or out of any safes, freight, furniture, or bulky matter of any description must
take place during the hours which Landlord shall determine from time to time, without the express written consent of Landlord. The moving of safes or other fixtures or bulky matter of any kind must be done upon previous notice to the Project
Management Office and under its supervision, and the persons employed by any tenant for such work must be acceptable to the Landlord. Landlord reserves the right to inspect all safes, freight or other bulky articles to be brought into the Building
and to exclude from the Building all safes, freight or other bulky articles which violate any of these Rules and Regulations or the Lease of which these Rules and Regulations are a part. Landlord reserves the right to prescribe the weight and
position of all safes, which must be placed upon supports approved by Landlord to distribute the weight. 
 13.    No
tenant shall purchase spring water, ice, towel, janitorial maintenance or other similar services from any person or persons not approved by Landlord. 

14.    Landlord shall have the right to prohibit any advertising by any tenant which, in Landlord’s opinion, tends to
impair the reputation of the Building or the Project or its desirability as an office location, and upon written notice from Landlord, any tenant shall refrain from or discontinue such advertising. 

15.    Landlord reserves the right to exclude from the Building between the hours of 6:00 P.M. and 8:00 A.M. and
at all hours on Saturday, Sunday and legal holidays all persons who do not present a pass or card key 

  
 D-2 

 
to the Building approved by the Landlord. Each tenant shall be responsible for all persons who enter the Building with or at the invitation of such tenant and shall be liable to Landlord for all
acts of such persons. Landlord shall in no case be liable for damages for any error with regard to the admission to or exclusion from the Building of any person. In case of an invasion, mob riot, public excitement or other circumstances rendering
such action advisable in Landlord’s opinion, Landlord reserves the right, without abatement of Rent, to require all persons to vacate the Building and to prevent access to the Building during the continuance of the same for the safety of the
tenants, the protection of the Building, and the property in the Building. 
 16.    Any persons employed by any tenant
to do janitorial work shall, while in the Building and outside of the Premises, be subject to and under the control and direction of the Project Management Office (but not as an agent or servant of said Office or of the Landlord), and such tenant
shall be responsible for all acts of such persons. 
 17.    All doors opening onto public corridors shall be kept
closed, except when in use for ingress and egress. 
 18.    The requirements of Tenant will be attended to only upon
application to the Project Management Office. 
 19.    Canvassing, soliciting and peddling in the Building are
prohibited and each tenant shall report and otherwise cooperate to prevent the same. 
 20.    All office equipment of
any electrical or mechanical nature shall be placed by Tenant in the Premises in settings approved by Landlord, to absorb or prevent any vibration, noise or annoyance. 

21.    No air conditioning unit or other similar apparatus shall be installed or used by any tenant without the written
consent of Landlord. 
 22.    There shall not be used in any space, or in the public halls of the Building, either by
any tenant or others, any hand trucks, except those equipped with rubber tires and rubber side guards. 
 23.    No
vending machine or machines of any description shall be installed, maintained or operated upon the Premises without the written consent of Landlord. 

24.    The scheduling of tenant move-ins shall be subject to the reasonable
discretion of Landlord. 
 25.    If the Tenant desires telephone or telegraph connections, the Landlord will direct
electricians as to where and how the wires are to be introduced. No boring or cutting for wires or otherwise shall be made without direction from the Landlord. 

26.    The term “personal goods or services vendors” as used herein means persons who periodically enter the
Building of which the Premises are a part for the purpose of selling goods or services to a tenant, other than goods or services which are used by the Tenant only for the purpose of conducting its business in the Premises. “Personal goods or
services” include, but are not limited to, drinking water and other beverages, food, barbering services and shoeshining services. Landlord reserves the right to prohibit personal goods and services vendors from access to the Building except
upon Landlord’s prior written consent and upon such reasonable terms and conditions, including, but not limited to, the payment of a reasonable fee and provision for insurance coverage, as are related to the safety, care and cleanliness of the
Building, the preservation of good order thereon, and the relief of any financial or other burden on Landlord or other tenants occasioned by the presence of such vendors or the sale by them of personal goods or services to the Tenant or its
employees. If necessary for the accomplishment of these purposes, Landlord may exclude a particular vendor entirely or limit the number of vendors who may be present at any one time in the Building. 

  
 D-3 

 EXHIBIT E 

FORM ESTOPPEL CERTIFICATE 

The undersigned,
                    , a
                     (“Tenant”), the tenant under that certain Office Lease dated
                    , between Tenant and
                    , a
                    , as landlord (“Landlord”) hereby certifies as follows: 

1.    The Premises (the “Premises”) under the Lease is Suite
        ,                     . 

2.    The Lease is in full force and effect and has not been modified or amended in any respect except by amendments dated
                     (copies of which are attached). 

3.    The Lease has not been assigned, encumbered, subleased or transferred in any manner other than: 

                          
                                         
                                         
                                         
                                         
                                         
          

                          
                                         
                         . 

4.    The Commencement Date of the Lease is
                     and the expiration date of the Lease is
                    . There are no options to extend the term of the Lease beyond such expiration date other than
                    . 

5.    The present monthly rental under the Lease is $        . The sum
of $        , representing          month’s Rent has been paid in advance. 

6.    The security deposit held by Landlord under the Lease is $        .

 7.    Rent under the Lease has been paid through the month of
                    . Tenant’s estimated share of Operating Costs payment have been paid through
                    . 

8.    The Premises are presently occupied by Tenant. 

9.    Tenant has accepted the Premises without condition or qualification under the Lease and Landlord has completed and
complied with all conditions of such acceptance. 
 10.    To Tenant’s actual knowledge without investigation,
neither it nor the Landlord is in default (or will be in default following the delivery of notice, the passage of time, or both) or claims a default by the other under the Lease, or has any claims, defenses, or rights of offset against payment of
Rent under the Lease, except as follows: 
 11.    Tenant acknowledges that Landlord has the right to assign the Lease
and the Rent thereunder and to sell, assign, transfer, mortgage or otherwise encumber the Project without the consent of Tenant. 

12.    Tenant makes this statement for the benefit and protection of
                     with the understanding that
                     intends to rely on this statement in connection with
                    . 

  
 E-1 

 IN WITNESS WHEREOF, this certificate has been executed and delivered by the authorized
officers or representatives of the undersigned as of                     . 

 

			
	“TENANT”

  

			
	                                    
                                         
         ,
	a	 	                                     
                                         
      

 
			
		
	By:	 	                                     
                                     
	Name:	 	                                     
                                     
	Title:	 	                                     
                                     

  
 E-2 

 EXHIBIT F 

TENANT COMMENCEMENT CERTIFICATE 
  

					
	To:	 	  
	 	(“Landlord”)
			
	From:	 	  
	 	(“Tenant”)
		
	Date:	 	                                   
                                         
     , 20    

							
				
	RE:	 	Property Address:	 	  
	 	
		 		 	  
	 	

 The undersigned, as an authorized representative of the Tenant under that certain Lease (the
“Lease”) dated             , 20    , as modified (if applicable) by amendment(s) dated
            , 20    , hereby certified that: 
  

	 	1.	 Tenant has accepted possession and entered into occupancy of the Premises described in the Lease as of
            , 20    . 

  

	 	2.	 The Commencement Date of the Lease [or the commencement of the term for the expansion of the Premises] was/is:
            , 20    . 

  

	 	3.	 The Termination Date of the Lease is:
            , 20    . 

  

	 	4.	 The Lease is in full force and effect. 

 

			
	Very truly yours,
	
	TENANT

  

			
	                                    
                                         
         ,
	a	 	                                     
                                         
      

 
			
		
	By:	 	                                     
                                     
	Name:	 	                                     
                                     
	Title:	 	                                     
                                     

  
 F-1 

 EXHIBIT G 

AMERICANS WITH DISABILITIES ACT 

Tenant agrees to comply with all requirements of the Americans With Disabilities Act of 1990 (Public Law
101-336 {July 26, 1990}), and any other applicable or related law, code or ordinance applicable to the Premises and the Project, as the same are amended from time to time (collectively, the “Disability
Acts”), to accommodate its employees, invitees and customers. Tenant acknowledges that it shall be wholly responsible for any accommodations or alterations which need to be made to the Premises to cause the same to comply with the
Disability Acts. No provision in this Lease should be construed in any manner as permitting, consenting to or authorizing Tenant to violate requirements under any of the Disability Acts and any provision to the Lease which could arguably be
construed as authorizing a violation of any of the Disability Acts shall be interpreted in a manner which permits compliance with such Disability Acts. Notwithstanding anything herein to the contrary, in the event of a conflict between the Lease and
the terms of this Exhibit G, the terms of the Lease shall control and govern. 

  
 G-1 

 EXHIBIT H 

FORM OF LETTER OF CREDIT 

(CITY NATIONAL BANK LETTERHEAD) 
 ISSUE
DATE:                      
 IRREVOCABLE STANDBY
LETTER OF CREDIT NUMBER:                      
  

			
	BENEFICIARY:	  	(COMPLETE NAME AND ADDRESS)
		
	APPLICANT:	  	(COMPLETE NAME AND ADDRESS)
		
	AMOUNT:	  	(CURRENCY AND AMOUNT OF LC)

 EXPIRY DATE AND PLACE: (INSERT DATE) AT CITY NATIONAL BANK, INTERNATIONAL DEPARTMENT, LOS ANGELES, CALIFORNIA 

LADIES/GENTLEMEN: 
 WE HEREBY ESTABLISH OUR IRREVOCABLE STANDBY
LETTER OF CREDIT IN FAVOR OF THE ABOVE NAMED BENEFICIARY AVAILABLE BY PAYMENT OF YOUR DRAFT(S) AT SIGHT IN THE FORM ATTACHED HERETO AS EXHIBIT 1 WITH APPROPRIATE INSERTIONS AND ACCOMPANIED BY DOCUMENTS AS SPECIFIED BELOW: 

 

	1.	 THIS ORIGINAL STANDBY LETTER OF CREDIT, AND AMENDMENT(S), IF ANY. 

 

	2.	 BENEFICIARY’S SIGNED AND DATED STATEMENT WORDED AS FOLLOWS: 

“I, (INSERT NAME OF SIGNER), AN AUTHORIZED SIGNER FOR
                     (‘BENEFICIARY’) CERTIFY THAT THE AMOUNT OF THE ATTACHED DRAFT REPRESENTS FUNDS DUE AND PAYABLE TO BENEFICIARY
PURSUANT TO THAT CERTAIN LEASE AGREEMENT BY AND BETWEEN                     , AS LANDLORD AND
                    , AS TENANT, DATED (INSERT DATE OF LEASE). BENEFICIARY FURTHER CERTIFIES THAT AN EVENT OF DEFAULT BY THE TENANT IN THE
PERFORMANCE OF ANY OF THE TERMS, PROVISIONS AND CONDITIONS OF THE LEASE HAS OCCURRED AND HAS NOT BEEN CORRECTED BEYOND ANY PERIODS OF NOTICE AND GRACE. THEREFORE, WE ARE DRAWING THE AMOUNT OF (INSERT AMOUNT OF DRAFT) UNDER CITY NATIONAL BANK LETTER
OF CREDIT NUMBER (lc number).” 

                        
                OR, 
 “I, (INSERT NAME OF SIGNER), AN
AUTHORIZED SIGNER FOR (NAME OF BENEFICIARY), CERTIFY THAT WE ARE IN RECEIPT OF A WRITTEN NOTICE FROM CITY NATIONAL BANK OF ITS ELECTION NOT TO EXTEND THE FOLLOWING REFERENCED LETTER OF CREDIT FOR AN ADDITIONAL PERIOD OF ONE YEAR, AND AS OF THE DATE
OF THIS DRAWING, WE HAVE NOT RECEIVED AN ACCEPTABLE REPLACEMENT LETTER OF CREDIT FROM (NAME OF APPLICANT) (‘TENANT’). THEREFORE, PURSUANT TO THE LEASE, WE ARE DRAWING THE AMOUNT OF (INSERT AMOUNT OF DRAFT) UNDER CITY NATIONAL BANK LETTER
OF CREDIT NUMBER (LC NUMBER).” 
 SPECIAL CONDITIONS: 
  

	1.	 PARTIAL DRAWINGS ARE ALLOWED. 

 

	2.	 MULTIPLE DRAWINGS ARE ALLOWED. 

 

	3.	 IT IS A CONDITION OF THIS LETTER OF CREDIT THAT IT SHALL BE 

  
 H-1 

 
DEEMED AUTOMATICALLY EXTENDED WITHOUT AMENDMENT FOR AN ADDITIONAL PERIOD OF ONE (1) YEAR FROM THE EXPIRY DATE HEREOF OR ANY FUTURE EXPIRY DATE, UNLESS AT LEAST SIXTY (60) DAYS PRIOR TO
ANY EXPIRATION DATE, WE SHALL NOTIFY THE BENEFICIARY BY OVERNIGHT COURIER SERVICE AT THE ABOVE ADDRESS, THAT WE ELECT NOT TO EXTEND THIS LETTER OF CREDIT FOR ANY SUCH ADDITIONAL PERIOD. HOWEVER, IN THE EVENT SUCH NOTICE IS GIVEN, YOU MAY DRAW THE
THEN FULL AVAILABLE AMOUNT OF THIS LETTER OF CREDIT IN ACCORDANCE WITH THE TERMS HEREIN. IN NO EVENT SHALL THIS LETTER OF CREDIT BE EXTENDED BEYOND (FINAL EXPIRY DATE), THE FINAL EXPIRATION DATE. 

4. PROVIDED THIS LETTER OF CREDIT IS EXTENDED IN ACCORDANCE WITH SPECIAL CONDITION NUMBER 3, THE AVAILABLE AMOUNT OF THIS LETTER OF CREDIT DURING ANY
AVAILABILITY PERIOD SHALL BE THE LESSER OF, 
 (A) THE EXISTING AVAILABLE AMOUNT OF THE CREDIT AS A RESULT OF ANY PRIOR DRAWINGS PAID UNDER THIS
CREDIT, OR 
 (B) THE BELOW SCHEDULED AVAILABLE AMOUNT FOR THAT AVAILABILITY PERIOD. 

THE SCHEDULED AVAILABLE AMOUNT OF THE LETTER OF CREDIT IS AS FOLLOWS: 
  

			
	AVAILABILITY PERIOD	  	AVAILABLE AMOUNT
	 FROM LC ISSUE DATE THROUGH
                    
	  	                    
	
                   
  THROUGH                     
	  	                    
	
                   
  THROUGH                     
	  	                    
	
                   
  THROUGH                     
	  	                    
	
                   
  THROUGH                     
	  	                    

 5. THIS LETTER OF CREDIT IS TRANSFERABLE IN ITS ENTIRETY BY THE BENEFICIARY. TRANSFER OF THIS LETTER OF CREDIT IS SUBJECT TO
CITY NATIONAL BANK’S RECEIPT OF AND AGREEMENT TO THE BENEFICIARY’S INSTRUCTIONS IN THE FORM ATTACHED HERETO AS EXHIBIT ‘A’, ACCOMPANIED BY THE ORIGINAL OF THIS LETTER OF CREDIT AND AMENDMENT(S), IF ANY. SUCH TRANSFER REQUEST BY
THE BENEFICIARY SHALL BE EFFECTIVE BY CITY NATIONAL BANK’S ENDORSEMENT OF THE TRANSFER ON THE ORIGINAL LETTER OF CREDIT AND ITS DELIVERY BY US TO THE TRANSFEREE. TRANSFER FEES ARE FOR ACCOUNT OF THE APPLICANT. 

WE HEREBY ENGAGE WITH YOU THAT ALL DRAFTS DRAWN UNDER AND IN COMPLIANCE WITH THE TERMS AND CONDITIONS OF THIS LETTER OF CREDIT SHALL BE DULY HONORED IF
PRESENTED FOR PAYMENT AT THE OFFICE OF CITY NATIONAL BANK, INTERNATIONAL DEPARTMENT, 555 SOUTH FLOWER STREET, 24TH FLOOR, LOS ANGELES, CALIFORNIA 90071 ON OR BEFORE THE EXPIRATION DATE OF THIS
LETTER OF CREDIT. 
 EXCEPT SO FAR AS OTHERWISE EXPRESSLY STATED, THIS LETTER OF CREDIT IS ISSUED SUBJECT TO THE INTERNATIONAL STANDBY PRACTICES 1998
(“ISP98”), INTERNATIONAL CHAMBER OF COMMERCE PUBLICATION NO. 590. 
 SHOULD YOU HAVE OCCASION TO COMMUNICATE WITH US REGARDING THIS LETTER OF
CREDIT, KINDLY DIRECT YOUR COMMUNICATION TO THE ATTENTION OF OUR STANDBY LETTER OF CREDIT DEPARTMENT AT THE ABOVE ADDRESS OR PHONE (213) 673-8640, MAKING SPECIFIC REFERENCE TO OUR LETTER OF CREDIT NUMBER (LC
NUMBER). 
 SINCERELY, 
 CITY NATIONAL BANK 

 

					
	  
	 		 	  

	AUTHORIZED SIGNATURE	 		 	AUTHORIZED SIGNATURE
	NAME AND TITLE OF SIGNER	 		 	NAME AND TITLE OF SIGNER

  
 H-2 

 THIS EXHIBIT 1 IS AN INTEGRAL PART OF IRREVOCABLE STANDBY LETTER OF CREDIT
NUMBER                      

SIGHT DRAFT 
 DATE:
                     
  

	 	TO:	 CITY NATIONAL BANK 

555 SOUTH FLOWER STREET, 24TH FLOOR 

LOS ANGELES, CALIFORNIA 90071 

ATTN: INTERNATIONAL DEPARTMENT 

AT SIGHT, PAY TO THE ORDER OF:
                                         
                                         
                       

THE SUM OF
                                         
                                         
                                       U.S. DOLLARS 

(USD                     ) 

DRAWN UNDER LETTER OF CREDIT NO. (LC NUMBER) OF CITY NATIONAL BANK, LOS ANGELES, CALIFORNIA. 

 

					
		  	      (INSERT NAME OF BENEFICIARY)
			
		  	BY:	 	                                     
                       
		  		 	                  (SIGNATURE)
			
		  	NAME:	 	                                     
                       
		  		 	               (PRINTED NAME)
			
		  	TITLE:	 	                                     
                       

 PAYMENT OF THE AMOUNT SPECIFIED IN THIS DRAFT SHOULD BE MADE BY WIRE TRANSFER TO THE ACCOUNT OF BENEFICIARY AT: 

 

			
	NAME OF BANK:
                                         
                               	 	WITH ABA NUMBER:                     
		
	ACCOUNT NAME OF BENEFICIARY:
                                     	 	
		
	ACCOUNT NUMBER OF BENEFICIARY:
                                	 	

  
 H-3 

 EXHIBIT ‘A’ 

THIS EXHIBIT IS AN INTEGRAL PART OF CITY NATIONAL BANK IRREVOCABLE STANDBY LETTER OF CREDIT NO. 

TRANSFER INSTRUCTIONS FORM 
 TO:
                                         
                                         
                                    DATE:
                     
 City National Bank 

International Department 
 555 South Flower Street, 24th Floor 
 Los Angeles, California 90071 

RE: City National Bank Letter of Credit No. 
 Dated 

Ladies/Gentlemen: 
 For value received, the undersigned
beneficiary hereby irrevocably transfers to: 
 (Name of Transferee) 

(Address of Transferee) 
 all rights of the
undersigned beneficiary to draw under the above-referenced Letter of Credit in its entirety. 
 By this transfer, all rights of the
undersigned beneficiary in such Letter of Credit are transferred to the transferee and the transferee shall have the sole rights as beneficiary thereof, including sole rights relating to any amendments whether increases or extensions or other
amendments and whether now existing or hereafter made. All amendments are to be advised direct to the transferee without necessity of any consent of or notice to the undersigned beneficiary. 

The original of the Letter of Credit is returned herewith together with any and all amendments, and we ask you to endorse the transfer on the
reverse of the Letter of Credit, and forward it direct to the transferee with your customary notice of transfer. 
  

					
	Beneficiary name:	 		 	 Signature Guaranteed

The beneficiary’s signature with title conforms with that on file with us and as such is authorized for the execution of this
document.

			
	Authorized Signature:	 		 	Name of Bank:
			
	Name of signer:	 		 	Authorized Signature:
			
	Title of signer:	 		 	Name of signer:
			
		 		 	Title of signer:
			
		 		 	Telephone number:

  
 H-4 

 EXHIBIT I 

LOCATION OF RESERVED PARKING SPACES 
  

 

  
 I-1 

 EXHIBIT J 

TENANT’S SIGN 
  

 

  
 J-1 

 ADDENDUM ONE 

ONE RENEWAL OPTION AT MARKET 

ATTACHED TO AND A PART OF THE LEASE AGREEMENT 

BY AND BETWEEN 
 EOSII PALO ALTO
TECHNOLOGY CENTER, LLC 
 and 

BILL.COM, INC. 

(a)    Provided that as of the time of the giving of the Extension Notice and the Commencement Date of the Extension Term
(as such terms are defined below), (x) Tenant is the Tenant originally named herein or a Permitted Transferee (as defined in Paragraph 11(a)), (y) Tenant actually occupies all of the Premises initially demised under this Lease and any space added to
the Premises, and (z) no event of default exists beyond applicable notice and cure periods; then Tenant shall have the right to extend the Lease Term for an additional term of two (2) years (such additional term is hereinafter called the
“Extension Term”) commencing on the day following the expiration of the Lease Term (hereinafter referred to as the “Commencement Date of the Extension Term”). Tenant must give Landlord notice (hereinafter called the
“Extension Notice”) of its election to extend the term of the Lease Term at least nine (9) months, but not more than twelve (12) months, prior to the scheduled expiration date of the Lease Term. 

(b)    The Basic Annual Rent payable by Tenant to Landlord during the Extension Term shall be the Fair Market Rent, as
defined and determined pursuant to Paragraph (c), Paragraph (d), and Paragraph (e) below. 

(c)    The term “Fair Market Rent” shall mean the Basic Annual Rent, expressed as an annual rent per
square foot of Rentable Area, which Landlord would have received from leasing the Premises for the Extension Term to an unaffiliated person which is not then a tenant in the Project, assuming that such space were to be delivered in “as-is” condition, and taking into account the rental which such other tenant would most likely have paid for such premises, including market escalations. Fair Market Rent means only the rent component
defined as Basic Annual Rent in the Lease and does not include reimbursements and payments by Tenant to Landlord with respect to operating expenses and other items payable or reimbursable by Tenant under the Lease (provided however, such amounts may
be used in determined the Fair Market Rent for the Extension Term). In addition to its obligation to pay Basic Annual Rent (as determined herein), Tenant shall continue to pay and reimburse Landlord as set forth in the Lease with respect to such
operating expenses and other items with respect to the Premises during the Extension Term. The arbitration process described below shall be limited to the determination of the Basic Annual Rent and shall not affect or otherwise reduce or modify the
Tenant’s obligation to pay or reimburse Landlord for such operating expenses and other reimbursable items. 

(d)    Landlord shall notify Tenant of its determination of the Fair Market Rent (which shall be made in Landlord’s
sole and good faith discretion) for the Extension Term, and Tenant shall advise Landlord of any objection within thirty (30) days of receipt of Landlord’s notice. Failure to respond within the thirty (30) day period shall constitute
Tenant’s deemed objection of such Fair Market Rent. If Tenant objects (or is deemed to have objected), Landlord and Tenant shall commence negotiations to attempt to agree upon the Fair Market Rent within thirty (30) days of Landlord’s
receipt of Tenant’s notice (or, to the extent Tenant is deemed to have objected, the parties shall commence such negotiation after the expiration of the thirty (30) day period following Tenant’s receipt of Landlord’s notice). If
the parties cannot agree, each acting in good faith but without any obligation to agree, then the arbitration procedure provided below to determine the Fair Market Rent. 

(e)    Arbitration to determine the Fair Market Rent shall be in accordance with the Real Estate Valuation Arbitration
Rules of the American Arbitration Association. Unless otherwise required by state law, arbitration shall be conducted in the metropolitan area where the Project is located by a single arbitrator unaffiliated with either party. Either party may elect
to arbitrate by sending written notice to the other party and the Regional Office of the American Arbitration Association within five (5) days after the thirty (30) day negotiating period provided in Paragraph (d), invoking the
binding arbitration provisions of this paragraph. Landlord and Tenant shall 

  
 Addendum One-1 

 
each submit to the arbitrator their respective proposal of Fair Market Rent. The arbitrator must choose between the Landlord’s proposal and the Tenant’s proposal and may not compromise
between the two or select some other amount. The cost of the arbitration shall be paid by Landlord if the Fair Market Rent is that proposed by Tenant and by Tenant if the Fair Market Rent is that proposed by Landlord; and shall be borne equally
otherwise. If the arbitrator has not determined the Fair Market Rent as of the end of the Lease Term, Tenant shall pay one hundred five percent (105%) of the Basic Annual Rent in effect under the Lease as of the end of the Lease Term until the Fair
Market Rent is determined as provided herein. Upon such determination, Landlord and Tenant shall make the appropriate adjustments to the payments between them. 

(f)    The parties consent to the jurisdiction of any appropriate court to enforce the arbitration provisions of this
Addendum One and to enter judgment upon the decision of the arbitrator. 
 (g)    Except for the Basic Annual Rent as
determined above, Tenant’s occupancy of the Premises during the Extension Term shall be on the same terms and conditions as are in effect immediately prior to the expiration of the initial Lease Term; provided, however, Tenant shall have no
further right to extend the Lease Term pursuant to this Addendum One or to any allowances, credits or abatements or options to expand, contract, renew or extend the Lease. 

(h)    If Tenant does not send the Extension Notice within the period set forth in Paragraph (a), Tenant’s
right to extend the Lease Term shall automatically terminate. Time is of the essence as to the giving of the Extension Notice and the notice of Tenant’s objection under Paragraph (d). 

(i)    Landlord shall have no obligation to refurbish or otherwise improve the Premises for the Extension Term. The
Premises shall be tendered on the Commencement Date of the Extension Term in “as-is” condition. 

(j)    If the Lease is extended for the Extension Term, then Landlord shall prepare and Tenant shall execute an amendment
to the Lease confirming the extension of the Lease Term and the other provisions applicable thereto. 
 (k)    If Tenant
exercises its right to extend the term of the Lease for the Extension Term pursuant to this Addendum One, the term “Lease Term” as used in the Lease, shall be construed to include, when practicable, the Extension Term except as provided in
Paragraph (g) above. 

  
 Addendum One-2 

 ADDENDUM TWO 

RIGHT OF FIRST OFFER 
 ATTACHED TO
AND A PART OF THE LEASE AGREEMENT 
 BY AND BETWEEN 

EOSII PALO ALTO TECHNOLOGY CENTER, LLC 

and 
 BILL.COM, INC. 

(a)    “Offered Space” shall mean that certain 10,260 square feet of Rentable Area being the remaining
portion of that certain building located at 1810 Embarcadero Road, Palo Alto, California. 
 (b)    Provided that as of
the date of the giving of the First Offer Notice, (i) Tenant is the Tenant originally named herein or a Permitted Transferee (as defined in Paragraph 11(a)), (ii) Tenant actually occupies all of the Premises originally demised under this Lease
and any premises added to the Premises, and (iii) no event of default exists beyond the applicable notice and cure period, if at any time during the Lease Term any portion of the Offered Space is vacant and unencumbered by any rights of any
third party, then Landlord, before offering such Offered Space to anyone, other than the tenant then occupying such space (or its affiliates), shall offer to Tenant the right to include the Offered Space within the Premises on the same terms and
conditions upon which Landlord intends to offer the Offered Space for lease; provided, however, in the event the First Offer Notice is delivered during the initial twenty-four (24) month period following the Commencement Date, then the Lease
Term with respect to the Offered Space shall be coterminous with the Lease Term for the Premises and the terms with respect to the Offered Space shall be prorated accordingly. Notwithstanding anything to the contrary in the Lease, the right of first
offer granted to Tenant under this Addendum Two shall be subject and subordinate to (i) the rights of all tenants at the Project under existing leases, and (ii) the herein reserved right of Landlord to renew or extend the term of any lease
with the tenant then occupying such space (or any of its affiliates), whether pursuant to a renewal or extension option in such lease or otherwise. 

(c)    Such offer shall be made by Landlord to Tenant in a written notice (hereinafter called the “First Offer
Notice”) which offer shall designate the space being offered and shall specify the terms which Landlord intends to offer with respect to any such Offered Space. Tenant may accept the offer set forth in the First Offer Notice by delivering
to Landlord an unconditional acceptance (hereinafter called “Tenant’s Notice”) of such offer within five (5) business days after delivery by Landlord of the First Offer Notice to Tenant. Time shall be of the essence with
respect to the giving of Tenant’s Notice. If Tenant does not accept (or fails to timely accept) an offer made by Landlord pursuant to the provisions of this Addendum Two with respect to the Offered Space designated in the First Offer Notice and
execute the Amendment (defined below) within thirty (30) days after the delivery of the First Offer Notice, then Landlord shall be under no further obligation with respect to such space by reason of this Addendum Two. 

(d)    Tenant must accept all Offered Space offered by Landlord at any one time if it desires to accept any of such
Offered Space and may not exercise its right with respect to only part of such space. In addition, if Landlord desires to lease more than just the Offered Space to one tenant, Landlord may offer to Tenant pursuant to the terms hereof all such space
which Landlord desires to lease, and Tenant must exercise its rights hereunder with respect to all such space and may not insist on receiving an offer for just the Offered Space. 

(e)    If Tenant at any time declines any Offered Space offered by Landlord, Tenant shall be deemed to have irrevocably
waived all further rights under this Addendum Two, and Landlord shall be free to lease the Offered Space to third parties including on terms which may be less favorable to Landlord than those offered to Tenant. 

(f)    In the event that Tenant exercises its rights to any Offered Space pursuant to this Addendum Two, then Landlord
shall prepare, and Tenant shall execute, an amendment to the Lease which confirms such expansion of the Premises and the other provisions applicable thereto (the “Amendment”). 

  
 Addendum Two-1 

							
	 LEASE OF PREMISES
	  	 	1	 
	 BASIC LEASE PROVISIONS
	  	 	1	 
	 STANDARD LEASE PROVISIONS
	  	 	4	 
	1.	  	 TERM
	  	 	4	 
	2.	  	 BASIC ANNUAL RENT AND SECURITY DEPOSIT
	  	 	4	 
	3.	  	 ADDITIONAL RENT
	  	 	6	 
	4.	  	 IMPROVEMENTS AND ALTERATIONS
	  	 	11	 
	5.	  	 REPAIRS
	  	 	12	 
	6.	  	 USE OF PREMISES
	  	 	13	 
	7.	  	 UTILITIES AND SERVICES
	  	 	15	 
	8.	  	 NON-LIABILITY AND INDEMNIFICATION OF LANDLORD;
INSURANCE
	  	 	16	 
	9.	  	 FIRE OR CASUALTY
	  	 	19	 
	10.	  	 EMINENT DOMAIN
	  	 	20	 
	11.	  	 ASSIGNMENT AND SUBLETTING
	  	 	20	 
	12.	  	 DEFAULT
	  	 	23	 
	13.	  	 ACCESS; CONSTRUCTION
	  	 	25	 
	14.	  	 BANKRUPTCY
	  	 	26	 
	15.	  	 SUBSTITUTION OF PREMISES
	  	 	23	 
	16.	  	 SUBORDINATION; ATTORNMENT; ESTOPPEL CERTIFICATES
	  	 	26	 
	17.	  	 SALE BY LANDLORD; TENANT’S REMEDIES; NONRECOURSE LIABILITY
	  	 	27	 
	18.	  	 PARKING; COMMON AREAS
	  	 	28	 
	19.    	  	 MISCELLANEOUS
	  	 	30	 

  
  

LIST OF EXHIBITS 
  

			
	 Exhibit A-1
	 	 Floor Plan(s)

	 Exhibit A-2
	 	 Site Plan of the Project

	 Exhibit A-3
	 	 Rentable Area

	 Exhibit B
	 	 Intentionally Deleted

	 Exhibit C
	 	 Utilities and Services

	 Exhibit D
	 	 Building Rules and Regulations

	 Exhibit E
	 	 Form Estoppel Certificate

	 Exhibit F
	 	 Tenant Commencement Certificate

	 Exhibit G
	 	 ADA

	 Exhibit H
	 	 Form of Letter of Credit

	 Exhibit I
	 	 Location of Reserved Parking Spaces

	 Exhibit J
	 	 Tenant’s Sign

		
	 Addendum One
	 	 One Renewal Option at Market

	 Addendum Two
	 	 Right of First Offer

  
 -i- 

 FIRST AMENDMENT TO OFFICE LEASE 

This First Amendment to Office Lease (this “First Amendment”) by and between EOSII PALO ALTO TECHNOLOGY CENTER, LLC, a
Delaware limited liability company (“Landlord”), and BILL.COM, INC., a Delaware corporation (“Tenant”), to be effective on and as of the date that Landlord executes this First Amendment as set forth on the
signature page below (the “Effective Date”). 
 W I T N E S S E T H: 

WHEREAS, Landlord and Tenant are parties to that certain Office Lease dated December 2, 2013 (the “Lease”), pursuant to
which Tenant is currently leasing certain premises containing a total of 22,683 square feet of Rentable Area designated as Suites 100B, 101A and 101B (the “Existing Premises”) in that certain building located at 1810 Embarcadero
Road, Palo Alto, California 94303 (the “1810 Building”), being in that certain multi-building project known as the Palo Alto Technology Center in Palo, Alto, California (the “Project”); and 

WHEREAS, the Lease Term is currently scheduled to expire on May 29, 2019 (the “Current Expiration Date”); and 

WHEREAS, Landlord and Tenant desire to amend the terms of the Lease to provide for the expansion of the Premises, as more particularly
provided herein. 
 NOW, THEREFORE, pursuant to the foregoing, and in consideration of the mutual covenants and agreements contained in the
Lease and herein, the Lease, effective as of the Effective Date, is hereby modified and amended as set out below: 
  

	1.	 Definitions. All capitalized terms used herein shall have the same meaning as defined in the Lease,
unless otherwise defined in this First Amendment. 

  

	2.	 Expansion of Premises. Effective on the earliest to occur of (i) the date that is fourteen
(14) days following the date that the Tenant Improvements are Substantially Completed, or (ii) the date that is fourteen (14) days following the date that the Tenant Improvements would have been Substantially Completed except for
Tenant Delays, or (iii) the date that Tenant, or any person occupying any of the Premises with Tenant’s permission, commences business operations from the Expansion Premises (the earliest of (i) – (iii) being the “Expansion
Commencement Date”), the Existing Premises shall be expanded to include that certain 5,985 square feet of Rentable Area designated as Suite 201 (the “Expansion Premises”) in that certain building in the Project located at
1804 Embarcadero Road, Palo Alto, California (the “1804 Building”), as such Expansion Premises is more particularly depicted in Exhibit A attached hereto. The Lease Term with respect to the Expansion Premises shall be
coterminous with the Lease Term for the Existing Premises, which is currently scheduled to expire on the Current Expiration Date. Following the Expansion Commencement Date, the “Premises” under the Lease shall be deemed to contain a
total of 28,668 square feet of Rentable Area consisting of the Existing Premises and the Expansion Premises; provided, however, the terms of Paragraph 19(ee) of the Lease shall not be applicable to the Expansion Premises and Tenant shall not
receive fascia signage on the 1804 Building. Tenant acknowledges that another tenant currently occupies the Expansion Premises and that Landlord is contemporaneously executing a lease amendment with such existing tenant in order to reduce its
premises by the Expansion Premises, however, in no event shall Landlord be liable to Tenant in the event such existing tenant holds over in the Expansion Premises. In the event that such existing tenant does not vacate the Expansion Premises by
April 30, 2016, this First Amendment shall be considered null and void and neither party shall have any obligation to the other under this First Amendment. The terms “Tenant Improvements,” “Substantially
Completed,” and “Tenant Delays” are defined in the Work Letter attached hereto as Exhibit B. 

	3.	 Basic Annual Rent. Tenant shall continue to pay Basic Annual Rent with respect to the Existing Premises
in accordance with the terms and conditions of the Lease. Commencing on the Expansion Commencement Date and continuing through the expiration of the Lease Term, Tenant shall also pay Basic Annual Rent for the Expansion Premises as follows:

  

					
	 Period
	  	Rate/rsf/month	  	Monthly lnstallment
	 E.C.D.* – 02/28/2017*
	  	$5.50	  	$32,917.50
	 03/01/2017 – 02/28/2018
	  	$5.67	  	$33,934.95
	 03/01/2018 – 02/28/2019
	  	$5.83	  	$34,892.55
	 03/01/2019 – 05/29/2019
	  	$6.01	  	$35,969.85

 *E.C.D. shall mean and refer to the Expansion Commencement Date. 

 

	4.	 Additional Rent. Tenant shall continue to pay Additional Rent with respect to the Existing Premises on a
triple net basis in accordance with the terms and conditions of the Lease. In addition, Tenant shall also pay Additional Rent with respect to the Expansion Premises; provided, however, with respect to the Additional Rent payable in connection with
the Expansion Premises, Tenant shall pay Tenant’s Proportionate Share (defined below) of the Operating Costs attributable to the 1804 Building to the extent such Operating Costs are in excess of the Operating Costs incurred for the calendar
year 2016. Because Tenant’s payment of Additional Rent with respect to the Expansion Premises is only to the extent the Operating Costs are in excess of the Operating Costs for the calendar year 2016 (as opposed to on a triple net basis, which
is the method in which the Additional Rent payable by Tenant is calculated under the Lease with respect to the Existing Premises), for the purposes of calculating Tenant’s Additional Rent attributable to the Expansion Premises,
“Tenant’s Proportionate Share” shall be deemed to be equal to 14.9625% (5,985 rsf I 40,000 rsf). In addition, for purposes of determining Operating Costs with respect to the Expansion Premises, the terms of Paragraph
7 below shall amend the definition of Operating Costs in the Lease, but only as far as Additional Rent is calculated for the Expansion Premises. For the avoidance of doubt, Tenant will not be charged for any Operating Costs with respect to the
Expansion Premises for the calendar year 2016. 

  

	5.	 Condition of Premises. Notwithstanding anything in the Lease to the contrary, Landlord shall deliver the
Expansion Premises to Tenant, and Tenant shall accept the Expansion Premises from Landlord, in its existing “AS-IS”, “WHERE-IS” and “WITH ALL
FAULTS” condition, and Landlord shall have no obligation whatsoever to refurbish or otherwise improve the Expansion Premises at any time during the Lease Term; provided, however, Landlord agrees to perform certain improvements to the Expansion
Premises in accordance with the terms and conditions of the Work Letter attached hereto as Exhibit B and incorporated herein for all purposes. 

  

	6.	 Parking. As of the Expansion Commencement Date, as a result of the expansion into the Expansion
Premises, the total number of parking spaces allocated to Tenant in Item 13 of the Basic Lease Provisions of the Lease shall be increased by a total of nineteen (19) unreserved parking spaces. 

 

	7.	 Basic Services. Because Tenant is not leasing the Expansion Premises on a triple net basis, for purposes
of calculating Additional Rent with respect to the Expansion Premises, the definition of Operating Costs shall be amended as follows (it being agreed that for purposes of calculating Additional Rent payable with respect to the Existing Premises, the
following modifications to the Operating Cost definition shall not apply): 

  
 2 

	 	(a)	 Electricity. The cost of electricity furnished to the 1804 Building shall be included in Operating Costs
for such 1804 Building for purposes of calculating Tenant’s Proportionate Share of Operating Costs for the Expansion Premises. Alternatively, if Landlord reasonably determined that Tenant is using electricity in excess of the electricity used
by normal and customary office users, then Landlord may elect to cause the electricity to the Expansion Premises to be separately metered at Tenant’s sole cost and expense, in which case Landlord shall determine and Tenant shall pay the actual
amount of Tenant’s equitable share of the monthly charge for such electricity, as Additional Rent, which amount Landlord shall reasonably determine and invoice to Tenant, and in such case the Operating Costs reimbursable by Tenant with respect
to the Expansion Premises shall be adjusted accordingly in order to account for the fact that Tenant is paying directly for its electrical usage for the Expansion Premises. 

 

	 	(b)	 Janitorial. Landlord shall provide, as an Operating Cost, janitorial services five (5) days per
week, other than holidays, to the Expansion Premises. 

  

	 	(c)	 Trash Removal. Landlord shall contract for trash removal services for the 1804 Building. The cost of
such trash removal services for the 1804 Building shall be included in Operating Costs. 

  

	 	(d)	 Building HVAC Repairs. The cost to repair and maintain the Building HVAC system serving the Expansion
Premises shall be included in Operating Costs payable by Tenant; provided, however, with respect to any supplemental HVAC system exclusively serving the Premises, Tenant, at its cost and expense, shall perform all repairs, replacements and
maintenance for such supplemental HVAC systems. 

  

	8.	 CASp Inspection. To Landlord’s current knowledge, as of the Effective Date the Premises has not
undergone inspection by a Certified Access Specialist (CASp). 

  

	9.	 Renewal Option. To the extent Tenant elects to exercise the renewal option set forth in Addendum One to
the Lease, Tenant shall be required to exercise the renewal option with respect to the entirety of the Premises (i.e., inclusive of both the Existing Premises and Expansion Premises). 

 

	10.	 Broker. Tenant warrants to Landlord that it has had no dealings with any broker or agent, other than
Cornish & Carey Commercial Newmark Knight Frank (“Broker”), in connection with the negotiation or execution of this First Amendment. Tenant agrees to indemnify and hold Landlord harmless from and against any and all costs,
expenses or liability for commissions or other compensations or charges claimed by any broker or agent, other than Broker, claiming to have represented Tenant with respect to this First Amendment. 

 

	11.	 Miscellaneous. With the exception of those terms and conditions specifically modified and amended
herein, the herein referenced Lease shall remain in full force and effect in accordance with all its terms and conditions. In the event of any conflict between the terms and provisions of this First Amendment and the terms and provisions of the
Lease, the terms and provisions of this First Amendment shall supersede and control. 

  
 3 

	12.	 Counterparts. This First Amendment may be executed in any number of counterparts, each of which shall be
deemed an original, and all of such counterparts shall constitute one agreement. To facilitate execution of this First Amendment, the parties may execute this First Amendment via counterparts and exchange facsimile copies of such executed
counterparts via telefax or e-mail, and such telefaxed or e-mailed facsimile counterparts shall serve as originals. 

[SIGNATURE PAGE FOLLOWS] 

  
 4 

 IN WITNESS WHEREOF, the parties hereto have executed this First Amendment to Office Lease as of the
Effective Date. 
  

					
	LANDLORD:
	
	EOSII PALO ALTO TECHNOLOGY CENTER LLC, a Delaware limited liability company
		
	By:	 	KBS Capital Advisors LLC
		 	a Delaware limited liability company
		 	its authorized agent
			
		 	By:	 	 /s/ Brent Carroll

		 		 	Brent Carroll
		 		 	Senior Vice President
			
		 	Date:	 	 2/29/16

 

					
	
	TENANT:
	
	 BILL.COM, INC.,
 a
Delaware corporation

		
	By:	 	 /s/ John Rettig

		
	Name:	 	 John Rettig

		
	Title:	 	 Chief Financial Officer

		
	Date:	 	 02/26/2016

  
 5 

 EXHIBIT A 

EXPANSION PREMISES 
  

 
 

 
 1804 Embarcadero Road 

2nd Floor 
 Palo Alto,
CA 94303 

  
 A-1 

 EXHIBIT B 

WORK LETTER 

(a)        Landlord agrees to furnish or perform, at Landlord’s sole cost and expense and using
building standard materials and methods of construction, those items of construction and those improvements to the Expansion Premises (the “Tenant Improvements”) as specified below: 

 

	 	(i)	 Professionally clean the Expansion Premises; 

 

	 	(ii)	 Repair any damaged or stained ceiling tiles in the Expansion Premises; 

 

	 	(iii)	 Replace any old or burnt out light bulbs in the Expansion Premises with building standard light bulbs;

  

	 	(iv)	 Paint the interior walls of the Expansion Premises using building standard paint in a color mutually agreed
upon by Landlord and Tenant; 

  

	 	(v)	 Repair any damaged window blinds in the Expansion Premises; 

 

	 	(vi)	 Repair/patch damaged carpet in the Expansion Premises; and 

 

	 	(vii)	 Replace the damaged window film on the exterior double doors. 

(b)        If Tenant shall desire any changes in the Tenant Improvements, Tenant shall so advise
Landlord in writing and Landlord shall determine whether such changes can be made in a reasonable and feasible manner. Any and all costs of reviewing any requested changes, and any and all costs of making any changes to the Tenant Improvements which
Tenant may request and which Landlord may agree to shall be at Tenant’s sole cost and expense and shall be paid to Landlord upon demand and before execution of the change order. 

(c)        Landlord shall proceed with and complete the construction of the Tenant Improvements. As
soon as such improvements have been Substantially Completed, Landlord shall notify Tenant in writing of the date that the Tenant Improvements were Substantially Completed. The Tenant Improvements shall be deemed substantially completed
(“Substantially Completed”) when, in the opinion of the Landlord’s architect (whether an employee or agent of Landlord or a third party architect) (“Architect”), the Expansion Premises are substantially
completed except for punch list items which do not prevent in any material way the use of the Expansion Premises for the purposes for which they were intended. In the event Tenant, its employees, agents, or contractors cause construction of such
Tenant Improvements to be delayed, the date of Substantial Completion shall be deemed to be the date that, in the opinion of the Architect, Substantial Completion would have occurred if such delays had not taken place. Without limiting the
foregoing, Tenant shall be solely responsible for delays caused by Tenant’s request for any changes in the plans, Tenant’s request for long lead items or Tenant’s interference with the construction of the Tenant Improvements (each of
the foregoing, a “Tenant Delay”), and such Tenant Delays shall not cause a deferral of the Expansion Commencement Date beyond what it otherwise would have been. After the Expansion Commencement Date Tenant shall, upon demand,
execute and deliver to Landlord a letter of acceptance of delivery of the Premises. In the event of any dispute as to the Tenant Improvements, including the Expansion Commencement Date, the certificate of the Architect shall be conclusive absent
manifest error. 

  
 B-1 

 (d)        The failure of Tenant to take possession
of or to occupy the Expansion Premises shall not serve to relieve Tenant of obligations arising on the Expansion Commencement Date or delay the payment of rent by Tenant with respect to the Expansion Premises. Subject to applicable ordinances and
building codes governing Tenant’s right to occupy or perform in the Expansion Premises, Tenant shall be allowed to install its tenant improvements, machinery, equipment, fixtures, or other property on the Expansion Premises during the final
stages of completion of construction provided that Tenant does not thereby interfere with the completion of construction or cause any labor dispute as a result of such installations, and provided further that Tenant does hereby agree to indemnify,
defend, and hold Landlord harmless from any loss or damage to such property, and all liability, loss, or damage arising from any injury to the Project, Building or the property of Landlord, its contractors, subcontractors, or materialmen, and any
death or personal injury to any person or persons arising out of such installations, EVEN IF SUCH LOSS, DAMAGE, LIABILITY, DEATH, OR PERSONAL INJURY WAS CAUSED SOLELY OR IN PART BY LANDLORD’S NEGLIGENCE, BUT NOT TO THE EXTENT CAUSED BY THE
GROSS NEGLIGENCE OR WILLFUL MISCONDUCT OF LANDLORD. Any such occupancy or performance in the Expansion Premises shall be in accordance with the provisions governing alterations in the Lease, and shall be subject to Tenant providing to Landlord
satisfactory evidence of insurance for personal injury and property damage related to such installations and satisfactory payment arrangements with respect to installations permitted hereunder. Delay in putting Tenant in possession of the Expansion
Premises shall not serve to extend the Lease Term or to make Landlord liable for any damages arising therefrom. 

(e)        Except for incomplete punch list items, Tenant upon the Expansion Commencement Date shall
have and hold the Expansion Premises as the same shall then be without any liability or obligation on the part of Landlord for making any further alterations or improvements of any kind in or about the Expansion Premises. 

  
 B-2 

 SECOND AMENDMENT TO OFFICE LEASE 

This Second Amendment to Office Lease (this “Second Amendment”) by and between EOSII PALO ALTO TECHNOLOGY CENTER, LLC,
a Delaware limited liability company (“Landlord”), and BILL.COM, INC., a Delaware corporation (“Tenant”), to be effective on and as of the date that Landlord executes this Second Amendment as set forth on
the signature page below (the “Effective Date”). 
 W I T N E S S E T H: 

WHEREAS, Landlord and Tenant are parties to that certain Office Lease dated December 2, 2013 (the “Original Lease”), as
amended by that certain First Amendment to Office Lease dated February 29, 2016 (the “First Amendment;” the Original Lease, as so amended, being the “Lease”), pursuant to which Tenant is currently leasing
certain premises containing a total of 28,668 square feet of Rentable Area (the “Existing Premises”) consisting of (i) that certain 22,683 square feet of Rentable Area designated as Suites 100B, 101A and 101B (the “1810
Embarcadero Portion”) in that certain building located at 1808 – 1810 Embarcadero Road, Palo Alto, California 94803 (the “1808 – 1810 Building”), and (ii) that certain 5,985 square feet of Rentable Area
designated as Suite 201 (the “1804 Embarcadero Portion”) in that certain building located at 1804 Embarcadero Road, Palo Alto, California 94803 (the “1804 Building”), all being in that certain multi-building project
known as the Palo Alto Technology Center in Palo, Alto, California (the “Project”); and 
 WHEREAS, the Lease Term is
currently scheduled to expire on May 29, 2019 (the “Current Expiration Date”); and 
 WHEREAS, Landlord and Tenant
desire to amend the terms of the Lease to provide for the expansion of the Premises, as more particularly provided herein. 
 NOW,
THEREFORE, pursuant to the foregoing, and in consideration of the mutual covenants and agreements contained in the Lease and herein, the Lease, effective as of the Effective Date, is hereby modified and amended as set out below: 

 

	1.	 Definitions. All capitalized terms used herein shall have the same meaning as defined in the Lease,
unless otherwise defined in this Second Amendment. 

  

	2.	 Expansion of Premises. Effective on the earlier to occur of (i) the later to occur of (A) the date that
is sixty (60) days following the date that Accellion vacates the Expansion Premises or (B) February 1, 2017, or (ii) the date that Tenant, or any person occupying any of the Expansion Premises with Tenant’s permission, commences
business operations from the Expansion Premises (the earlier of (i) and (ii) being the “Expansion Commencement Date”), the Existing Premises shall be expanded to include that certain 10,260 square feet of Rentable Area
designated as Suite 100A (the “Expansion Premises”) in that certain 1808 – 1810 Building, as such Expansion Premises is more particularly depicted in Exhibit A attached hereto. The Lease Term with respect to the
Expansion Premises shall be coterminous with the Lease Term for the Existing Premises, as such Lease Term is being extended pursuant to Paragraph 3 below. Following the Expansion Commencement Date, the “Premises” under the
Lease shall be deemed to contain a total of 38,928 square feet of Rentable Area consisting of the Existing Premises and the Expansion Premises. Tenant acknowledges that another tenant currently occupies the Expansion Premises
(“Accellion”) and that Landlord is contemporaneously executing a lease amendment with Accellion in order to reduce its premises by the Expansion Premises, however, in no event shall Landlord be liable to Tenant in the event such
existing tenant holds over in the Expansion Premises; provided, however, if Accellion does not vacate the Expansion Premises by February 1, 2017, then Tenant shall be entitled to terminate this 

	 	
Second Amendment by delivering written notice to Landlord after February 1, 2017 but prior to the date that Accellion actually vacates the Expansion Premises. Following Accellion’s
surrender of the Expansion Premises to Landlord, Landlord shall deliver the same to Tenant in order for Tenant to construct the Tenant Improvements pursuant to and in accordance with the terms of Exhibit B attached hereto and incorporated
herein for all purposes. 

  

	3.	 Extension of Lease Term. The Lease Term, currently scheduled to expire on May 29, 2019, is hereby
extended for an additional period of time commencing on May 30, 2019 (the “Extension Term Commencement Date”) and terminating on May 31, 2020 (the “Extension Term”), upon and subject to all of the terms of
the Lease, except as otherwise herein amended. 

  

	4.	 Basic Annual Rent. 

 

	 	(a)	 Expansion Premises. Commencing on the Expansion Commencement Date and continuing thereafter for the
remainder of the Extension Term, Tenant shall pay Basic Annual Rent for the Expansion Premises as follows: 

  

					
	 Period
	  	 Rate/rsf/month
	  	Monthly Installment
	 E.C.D.* – 01/31/2018
	  	$4.15	  	$42,579.00
	 02/01/2018 – 01/31/2019
	  	$4.27	  	$43,810.20
	 02/01/2019 – 01/31/2020
	  	$4.40	  	$45,144.00
	 02/01/2020 – 05/31/2020
	  	$4.53	  	$46,477.80

 *E.C.D. shall mean and refer to the Expansion Commencement Date. 

 

	 	(b)	 1810 Embarcadero Portion. Tenant shall continue to pay Basic Annual Rent with respect to the 1810
Embarcadero Portion in accordance with the terms and conditions of the Lease through the Current Expiration Date. Commencing on the Extension Term Commencement Date and continuing through the expiration of the Extension Term, Tenant shall also pay
Basic Annual Rent for the 1810 Embarcadero Portion as follows: 

  

					
	 Period
	  	 Rate/rsf/month
	  	Monthly Installment
	 05/30/2019 – 01/31/2020
	  	$4.40	  	$99,805.20
	 02/01/2020 – 05/31/2020
	  	$4.53	  	$102,753.99

  

	 	(c)	 1804 Embarcadero Portion. Tenant shall continue to pay Basic Annual Rent with respect to the 1804
Embarcadero Portion in accordance with the terms and conditions of the Lease through the Current Expiration Date. Commencing on the Extension Term Commencement Date and continuing through the expiration of the Extension Term, Tenant shall also pay
Basic Annual Rent for the 1804 Embarcadero Portion as follows: 

  

					
	 Period
	  	 Rate/rsf/month
	  	Monthly Installment
	 05/30/2019 – 01/31/2020
	  	$6.04	  	$36,149.40
	 02/01/2020 – 05/31/2020
	  	$6.17	  	$36,927.45

  

	5.	 Additional Rent. 

 

	 	(a)	 1804 Embarcadero Portion. Tenant shall continue to pay Additional Rent throughout the Extension Term
with respect to the 1804 Embarcadero Portion in accordance with the terms and conditions of Paragraph 4 of the First Amendment, such that Tenant shall pay Tenant’s 

  
 2 

	 	
Proportionate Share (as defined in Paragraph 4 of the First Amendment) of the Operating Costs with respect to the 1804 Building to the extent such Operating Costs are in excess of the Operating
Costs incurred for the calendar year 2016. 

  

	 	(b)	 1810 Embarcadero Portion and Expansion Premises. Tenant shall continue to pay Additional Rent with
respect to the 1810 Embarcadero Portion in accordance with the terms and conditions of the Lease; provided, however, commencing on the Expansion Commencement Date and continuing thereafter through the Extension Term, Tenant shall also pay Additional
Rent with respect to the Expansion Premises (which such Additional Rent with respect to the Expansion Premises shall be on a triple net basis similar to the 1810 Embarcadero Portion). As a result, for the purposes of calculating Additional Rent with
respect to the 1810 Embarcadero Portion and Expansion Premises from and after the Expansion Commencement Date, Tenant’s Proportionate Share with respect to the 1808 – 1810 Building (which was originally set forth in Item 4 of the Basic
Lease Provisions of the Original Lease) shall be amended to be 100% (32,943 rsf / 32,943 rsf). For the avoidance of doubt, Paragraph 7 of the First Amendment shall not apply with respect to either the 1810 Embarcadero Portion or the
Expansion Premises. 

  

	6.	 Condition of Premises. Notwithstanding anything in the Lease to the contrary, Tenant is currently in
possession of the Existing Premises and Tenant agrees to accept the Existing Premises in its existing “AS-IS”, “WHERE-IS” and “WITH ALL
FAULTS” condition, and Landlord shall have no obligation whatsoever to refurbish or otherwise improve the Existing Premises at any time during the Lease Term, as herein extended for the Extension Term. Landlord shall deliver the Expansion
Premises to Tenant, and Tenant shall accept the Expansion Premises from Landlord, in good working condition, including with the mechanical, electrical, plumbing, lighting, HVAC system and the roof being in good working condition, and otherwise in
its “AS-IS” condition, and Landlord shall have no obligation whatsoever to refurbish or otherwise improve the Expansion Premises at any time during the Lease Term, as herein extended; provided,
however, Landlord agrees to provide Tenant with a tenant improvement allowance equal to $102,600.00 (which is equal to $10.00 per square foot of Rentable Area in the Expansion Premises) (the “Landlord’s Construction
Allowance”), which shall be applied towards the construction of certain improvements to the Expansion Premises in accordance with and subject to the terms and conditions of the Work Letter attached hereto as Exhibit B and
incorporated herein for all purposes. Except to the extent it is Tenant’s responsibility under Paragraph 6(b) of the Original Lease, Landlord shall be responsible for all code compliance work for the Common Areas of the Project. Tenant shall
have the right to manage its own construction with the Expansion Premises and Landlord’s coordination/management of such construction shall not exceed 3% of the cost of the Tenant Improvements being constructed pursuant to Exhibit B.

  

	7.	 Basic Services. Following the Expansion Commencement Date Tenant shall lease the entirety of the 1810
Building. As a result, the parties hereby agree that, from and after such date, the services to be provided by Landlord to the 1810 Embarcadero Portion and the Expansion Premises shall be revised as follows: 

 

	 	(a)	 Utilities. Following the Expansion Commencement Date, Tenant shall cause all utilities serving the 1810
Building to be separately metered in Tenant’s name and Tenant shall pay directly to the utility company for such utility service charges. 

  

	 	(b)	 Janitorial Service. Because Tenant shall be leasing the entirety of the 1810 Building, Landlord shall
have no further responsibility to provide any janitorial service to the 1810 Building (including any restrooms therein) and Tenant shall be fully responsible for 

  
 3 

	 	
providing all such janitorial service required to the 1810 Building. As such, with respect to calculating Tenant’s Proportionate Share of Operating Costs as it relates to the 1810
Embarcadero Portion and the Expansion Premises, in no event shall the janitorial services referenced in Paragraph 3(c)(ii) of the Original Lease include janitorial costs attributable to cleaning the interior of any other tenant’s or
occupant’s premises; provided, however, the janitorial costs for the Common Areas of the Project (e.g., dayporter costs, window washing, pressure washing of sidewalks, etc.) shall continue to be included in Operating Costs for purposes
of allocating Tenant’s Proportionate Share of Operating Costs attributable to the 1810 Embarcadero Portion and the Expansion Premises. 

  

	 	(c)	 HVAC Maintenance. Commencing on the Expansion Commencement Date, Tenant shall maintain a preventive
maintenance contract providing for the regular inspection and maintenance of the heating and air conditioning system serving the 1810 Building by a licensed heating and air conditioning contractor, unless Landlord elects in its sole discretion to
maintain such equipment. Tenant shall provide Landlord with written proof of said preventive maintenance contract within thirty (30) days of the Expansion Commencement Date. Any such maintenance and repairs will be performed by Landlord’s
contractor, or at Landlord’s option, by such contractor or contractors as Tenant may choose from an approved list to be submitted by Landlord. Tenant agrees to pay all costs and expenses incurred in such maintenance and repair within seven
(7) days after billing by such contractor or contractors. Notwithstanding the foregoing, and with respect to the base building HVAC unit for the 1810 Building (i.e., specifically excluding any supplemental HVAC units that may have been
installed by Tenant or any predecessor tenant), if Tenant has complied with this Paragraph 7(c) regarding repair and maintenance of the HVAC system and, notwithstanding such compliance, such HVAC unit cannot, in the sole and reasonable
business judgment of Landlord, be repaired other than at a cost which is in excess of fifty percent (50%) of the cost of replacing such unit, then the unit will be replaced by Landlord and the cost thereof shall be prorated between the parties as
set forth herein over the useful life of the unit per GAAP accounting. Tenant shall only be obligated to pay, each month during the remainder of the term of this Lease, on the date on which Rent is due, an amount equal to the product of multiplying
the cost of such replacement by a fraction, the numerator of which is one, and the denominator of which is 144 (i.e. 1/144th of the replacement cost per month). The cost shall include a
commercially reasonable interest rate on the unamortized balance. Tenant may prepay its obligation at any time. Such payments shall be deemed to be Additional Rent under the Lease. It will be in Landlord’s sole and reasonable discretion to
determine the make, model and size of the replacement unit. Replacement of the unit shall not require Landlord to undertake any other work in or about the Premises with respect to the HVAC system. 

 

	8.	 Parking. As of the Expansion Commencement Date, as a result of the expansion into the Expansion
Premises, the total number of parking spaces allocated to Tenant in Item 13 of the Basic Lease Provisions of the Original Lease (and further amended by Paragraph 6 of the First Amendment) shall be increased by a total of
thirty-three (33) unreserved parking spaces. 

  

	9.	 One Renewal Option at Market. The renewal option reflected in Addendum One attached to the Original
Lease is hereby deleted in its entirety and of no further force effect. Landlord hereby grants to Tenant the option to further extend the Lease Term in accordance with and subject to the terms of Exhibit C attached hereto and incorporated
herein for all purposes. 

  

	10.	 Right of First Offer. The Right of First Offer attached as Addendum Two to the Lease is hereby deleted
in its entirety and of no further force or effect. 

  
 4 

	11.	 CASp Inspection. To Landlord’s current knowledge, as of the Effective Date the Premises has not
undergone inspection by a Certified Access Specialist (CASp). 

  

	12.	 Broker. Tenant warrants to Landlord that it has had no dealings with any broker or agent, other than
Cornish & Carey Commercial Newmark Knight Frank (“Broker”), in connection with the negotiation or execution of this Second Amendment. Tenant agrees to indemnify and hold Landlord harmless from and against any and all costs,
expenses or liability for commissions or other compensations or charges claimed by any broker or agent, other than Broker, claiming to have represented Tenant with respect to this Second Amendment. 

 

	13.	 Miscellaneous. With the exception of those terms and conditions specifically modified and amended
herein, the herein referenced Lease shall remain in full force and effect in accordance with all its terms and conditions. In the event of any conflict between the terms and provisions of this Second Amendment and the terms and provisions of the
Lease, the terms and provisions of this Second Amendment shall supersede and control. 

  

	14.	 Counterparts. This Second Amendment may be executed in any number of counterparts, each of which shall
be deemed an original, and all of such counterparts shall constitute one agreement. To facilitate execution of this Second Amendment, the parties may execute this Second Amendment via counterparts and exchange facsimile copies of such executed
counterparts via telefax or e-mail, and such telefaxed or e-mailed facsimile counterparts shall serve as originals. 

[SIGNATURE PAGE FOLLOWS] 

  
 5 

 
IN WITNESS WHEREOF, the parties hereto have executed this Second Amendment to Office Lease as of the Effective Date. 

 

					
	LANDLORD:
	
	EOSll PALO ALTO TECHNOLOGY CENTER LLC, a Delaware limited liability company
		
	By:	 	KBS Capital Advisors LLC
		 	a Delaware limited liability company
		 	its authorized agent
			
		 	By:	 	 /s/ Brent Carroll

		 		 	Brent Carroll
		 		 	Senior Vice President
			
		 	Date:	 	 11/29/16

	
	TENANT:
	
	 BILL.COM, INC.,
 a
Delaware corporation

		
	By:	 	 /s/ John Rettig

		
	Name:  	 	 John Rettig

		
	Title:	 	 CFO

		
	Date:	 	 11/22/2016

  
 6 

 EXHIBIT A 

EXPANSION PREMISES 
  

 

  
 A-1 

 EXHIBIT B 

WORK LETTER 
 THIS WORK
LETTER is attached as Exhibit B to the Office Lease between EOSII PALO ALTO TECHNOLOGY CENTER, LLC, as Landlord, and BILL.COM, INC., as Tenant, and constitutes the further agreement between Landlord and Tenant as follows: 

(a) Tenant Improvements; Landlord’s Construction Allowance. The leasehold improvements to be constructed by Tenant in the
Expansion Premises (the “Tenant Improvements”), at Tenant’s sole cost and expense (except for the Landlord’s Construction Allowance, as specified in Paragraph 6 of this Second Amendment), shall be constructed
in accordance with the Final Plans to be submitted by Tenant and reviewed and approved by Landlord in accordance with the provisions of Paragraph (b) of this Exhibit B. 

Landlord shall have no obligation to construct or to pay for the construction of the Tenant Improvements. However, Landlord agrees to
contribute toward the cost of construction of the Tenant Improvements the cash sum of up to the Landlord’s Construction Allowance (as defined in Paragraph 6 of this Second Amendment). Notwithstanding anything in this Second Amendment or
in this Work Letter to the contrary, Landlord’s Construction Allowance shall be used only for the construction of the Tenant Improvements, and if construction of the Tenant Improvements is not completed within six (6) months following the
Effective Date of this Second Amendment (the “Construction Termination Date”), then Landlord’s obligation to provide the Landlord’s Construction Allowance, as specified in Paragraph 6 of this Second Amendment, shall
terminate and become null and void, and Tenant shall be deemed to have waived its rights in and to said Landlord’s Construction Allowance. The Landlord’s Construction Allowance will be reduced by any out-of-pocket consulting or architectural fees incurred by Landlord. The construction costs that may be reimbursed from the Landlord’s Construction Allowance shall include only the following: costs of
labor, equipment, supplies and materials furnished for construction of the Tenant Improvements; governmental fees and charges for required permits, plan checks, and inspections for the Tenant Improvements; charges of Tenant’s design
professionals; and charges of Landlord’s design professionals for review of plans and monitoring of construction or installation of the Tenant Improvements. No other costs, fees or expenses of the Tenant Improvements shall be reimbursable out
of the Landlord’s Construction Allowance. 
 Landlord’s payment of the Landlord’s Construction Allowance, or such portion
thereof as Tenant may be entitled to, shall be made within thirty (30) days after each and all of the following conditions shall have been satisfied: (i) the Tenant Improvements shall have been completed in accordance with the Final Plans
(as hereinafter defined); (ii) Tenant shall have delivered to Landlord satisfactory evidence that all mechanics’ lien rights of all contractors, suppliers, subcontractors, or materialmen furnishing labor, supplies or materials in the
construction or installation of the Tenant Improvements have been unconditionally waived, released, or extinguished; (iii) Tenant shall have delivered to Landlord paid receipts or other written evidence satisfactorily substantiating the actual
amount of the construction costs of the Tenant Improvements; (iv) Tenant shall have delivered to Landlord a final certificate of occupancy for the Expansion Premises; (v) Tenant shall not then be in default of any of the provisions of the
Lease; and (vi) Tenant shall have occupied and opened for business at the Expansion Premises. If the actual cost of the Tenant Improvements is less than the Landlord’s Construction Allowance, then Tenant shall not receive any credit
whatsoever for the difference between the actual cost of the Tenant Improvements and Landlord’s Construction Allowance. 
 (b)
Preparation and Review of Plans for Tenant Improvements. Tenant has retained a space planner (the “Space Planner”), and the Space Planner has prepared (or will prepare) certain plans, drawings and specifications (the
“Temporary Plans”) for the construction of the Tenant Improvements in the 

  
 B-1 

 
Expansion Premises to be installed in the Expansion Premises by a general contractor selected by Tenant pursuant to this Work Letter. Subject to Landlord’s review and approval of final
construction drawings, Landlord approves the floor plan for the Expansion Premises shown in Exhibit B-1 attached hereto and Landlord agrees that (other than the removal of any telephone and data cabling
and wiring and Tenant’s furniture, fixtures and equipment), Tenant shall not be required to remove any of the improvements shown therein. Tenant shall deliver the Temporary Plans to Landlord within ten (10) days after the execution of this
Second Amendment by Tenant. Landlord shall have five (5) business days after Landlord’s receipt of the proposed Temporary Plans to review the same and notify Tenant in writing of any comments or required changes, or to otherwise give its
approval or disapproval of such proposed Temporary Plans. If Landlord fails to give written comments to or approve the Temporary Plans within such five (5) business day period, then Landlord shall be deemed to have rejected the Temporary Plans
as submitted. Tenant shall have five (5) business days following its receipt of Landlord’s comments and objections to redraw the proposed Temporary Plans in compliance with Landlord’s request and to resubmit the same for
Landlord’s final review and approval or comment within five (5) business days of Landlord’s receipt of such revised plans. Such process shall be repeated twice and if at such time final approval by Landlord of the proposed Temporary
Plans has not been obtained, then Landlord shall complete such Temporary Plans, at Tenant’s sole cost and expense, to reflect Landlord’s objections or comments. Once Landlord has approved the Temporary Plans, the approved Temporary Plans
shall be thereafter known as the “Final Plans”. The Final Plans shall include the complete and final layout, plans and specifications for the Expansion Premises showing all doors, light fixtures, electrical outlets, telephone
outlets, wall coverings, plumbing improvements (if any), data systems wiring, floor coverings, wall coverings, painting, any other improvements to the Expansion Premises beyond the shell and core improvements provided by Landlord and any demolition
of existing improvements in the Expansion Premises. The improvements shown in the Final Plans shall (i) utilize Landlord’s building standard materials and methods of construction, (ii) be compatible with the shell and core
improvements and the design, construction and equipment of the Expansion Premises, and (iii) comply with all applicable laws, rules, regulations, codes and ordinances. Tenant, using the Space Planner, shall prepare or cause to be prepared and
submitted the Final Plans, concurrently, and in each case by receipted courier or delivery service, to Landlord’s construction representative (“Landlord’s Construction Representative”), and Landlord’s offices for
Landlord’s review and approval, which shall be consistent with the description of the Tenant Improvements set forth in the Temporary Plans. 

Each set of proposed Final Plans furnished by Tenant shall include at least two (2) sets of prints. The Final Plans shall be compatible
with the design, construction, and equipment of the Building, and shall be capable of logical measurement and construction. Unless Landlord shall otherwise agree in writing, the Final Plans shall be signed/stamped by the Space Planner, and shall
include (to the extent relevant or applicable) such additional plans reasonably requested by Landlord related to the Tenant Improvements, including, without limitation, any and all additional plans related to Tenant’s specific use of the
Expansion Premises, or as may be required by local city ordinance or building code. 
 Tenant shall submit all Final Plans concurrently to
Landlord’s construction representative and offices, as designated above, for Landlord’s review and approval. Landlord shall have five (5) business days after Landlord’s receipt of the proposed Final Plans to review the same and
notify Tenant in writing of any comments or required changes, or to otherwise give its approval or disapproval of such proposed Final Plans. If Landlord fails to give written comments to or approve the Final Plans within such five (5) business
day period, then Landlord shall be deemed to have rejected the Final Plans as submitted. Tenant shall have five (5) business days following its receipt of Landlord’s comments and objections to redraw the proposed Final Plans in compliance
with Landlord’s request and to resubmit the same for Landlord’s final review and approval or comment within five (5) business days of Landlord’s receipt of such revised plans. Such process shall be repeated as necessary until
final approval by Landlord of the proposed Final Plans has been obtained. Landlord may at any time by written notice given in accordance with the notice 

  
 B-2 

 
provisions of the Lease change the name and/or address of the designated Landlord’s construction representative to receive plans delivered by Tenant to Landlord. In the event that Tenant
disagrees with any of the changes to the proposed Final Plans required by Landlord, then Landlord and Tenant shall consult with respect thereto and each party shall use all reasonable efforts to promptly resolve any disputed elements of such
proposed Final Plans. If such Final Plans are not resolved by Landlord and Tenant, then Tenant shall accept Landlord’s final changes to the proposed Final Plans. For purposes hereof, “business days” shall be all calendar days except
Saturdays and Sundays and holidays observed by national banks in the State in which the Expansion Premises are situated. 
 Notwithstanding
the preceding provisions of this Paragraph (b), under no circumstances whatsoever shall (i) any combustible materials be utilized above finished ceiling or in any concealed space, (ii) any structural load, temporary or permanent, be placed
or exerted on any part of the Building without the prior written approval of Landlord, or (iii) any holes be cut or drilled in any part of the roof or other portion of the Building shell without the prior written approval of Landlord. 

In the event that Tenant proposes any changes to the Final Plans (or any portion thereof) after the same have been approved by Landlord,
Landlord shall not unreasonably withhold its consent to any such changes, provided the changes do not, in Landlord’s reasonable opinion, adversely affect the Building structure, systems, or equipment, or the external appearance of the Expansion
Premises. 
 As soon as the Final Plans (or a portion thereof sufficient to permit commencement of construction or installation of the
Tenant Improvements, if Tenant elects to proceed with a “fast track” construction) are mutually agreed upon, Tenant shall use diligent efforts to obtain all required permits, authorizations, and licenses from appropriate governmental
authorities for construction of the Tenant Improvements (or such portion thereof, as applicable). Tenant shall be solely responsible for obtaining any business or other license or permit required for the conduct of its business at the Expansion
Premises. 
 (c) Construction of the Tenant improvements. Construction or installation of the Tenant Improvements shall be performed
by a licensed general contractor or contractors selected by Tenant and approved by Landlord, such approval not to be unreasonably withheld or delayed (the “Tenant’s Contractor,” whether one or more), pursuant to a written
construction contract negotiated and entered into by and between the Tenant’s Contractor and Tenant and approved by Landlord. Each such contract shall (i) obligate Tenant’s Contractor to comply with all rules and regulations of
Landlord relating to construction activities in the Building, (ii) name Landlord as an additional indemnitee under the provisions of the contract whereby the Tenant’s Contractor holds Tenant harmless from and against any and all claims,
damages, losses, liabilities and expenses arising out of or resulting from the performance of such work, (iii) name Landlord as a beneficiary of (and a party entitled to enforce) all of the warranties of the Tenant’s Contractor with
respect to the work performed thereunder and the obligation of the Tenant’s Contractor to replace defective materials and correct defective workmanship for a period of not less than one (1) year following final completion of the work under
such contract, (iv) evidence the agreement of the Tenant’s Contractor that the provisions of the Lease shall control over the provisions of the contract with respect to distribution or use of insurance proceeds, in the event of a casualty
during construction, and (v) evidence the waiver and release by the Tenant’s Contractor of any lien or right to assert a lien on all or any portion of the fee estate of Landlord in and to the Building as a result of the work performed or
to be performed thereunder (and obligating the Tenant’s Contractor to include a substantially similar release and waiver provision in all subcontracts and purchase orders entered under or pursuant to the contract). 

Tenant acknowledges and understands that all roof penetrations involved in the construction of the Tenant Improvements must be performed by
the Landlord’s Building roofing contractor. All costs, fees and expenses incurred with such contractor in performing such work shall be a cost of the Tenant Improvements, payable in accordance with the provisions of this Exhibit B.
Tenant or Tenant’s Contractor shall be responsible for all water, gas, electricity, sewer or other utilities used or consumed at the Expansion Premises during the construction of the Tenant Improvements. 

  
 B-3 

 Tenant specifically agrees to carry, or cause the Tenant’s Contractor to carry, during
all such times as the Tenant’s work is being performed, (a) builder’s risk completed value insurance on the Tenant Improvements, in an amount not less than the full replacement cost of the Tenant Improvements, (b) a policy of
insurance covering commercial general liability, in an amount not less than One Million Dollars ($1,000,000.00), combined single limit for bodily injury and property damage per occurrence (and combined single limit coverage of $2,000,000.00 in the
aggregate), and automobile liability coverage (including owned, non-owned and hired vehicles) in an amount not less than One Million Dollars ($1,000,000.00) combined single limit (each person, each accident),
and endorsed to show Landlord as an additional insured, and (c) workers’ compensation insurance as required by law, endorsed to show a waiver of subrogation by the insurer to any claim the Tenant’s Contractor may have against
Landlord. Tenant shall not commence construction of the Tenant Improvements until Landlord has issued to Tenant a written authorization to proceed with construction after Tenant has delivered to Landlord’s construction representative
(i) certificates of the insurance policies described above, (ii) copies of all permits required for construction of the Tenant Improvements and a copy of the permitted Final Plans as approved by the appropriate governmental agency, and
(iii) a copy of each signed construction contract for the Tenant Improvements (a copy of each subsequently signed contract shall be forwarded to Landlord’s construction representative without request or demand, promptly after execution
thereof and prior to the performance of any work thereunder). All of the construction work shall be the responsibility of and supervised by Tenant. 

(d) Requirements for Tenant’s Work. All of Tenant’s construction with respect to the Expansion Premises shall be performed in
substantial compliance with this Exhibit B and the Final Plans therefor previously approved in writing by Landlord (and any changes thereto approved by Landlord as herein provided), and in a good and workmanlike manner, utilizing only new
materials. All such work shall be performed by Tenant in strict compliance with all applicable building codes, regulations and all other legal requirements. All materials utilized in the construction of Tenant’s work must be confined to within
the Expansion Premises. All trash and construction debris not located wholly within the Expansion Premises must be removed each day from the Project at the sole cost and expense of Tenant. Landlord shall have the right at all times to monitor the
work for compliance with the requirements of this Exhibit B. If Landlord determines that any such requirements are not being strictly complied with, Landlord may immediately require the cessation of all work being performed in or around the
Expansion Premises or the Project until such time as Landlord is satisfied that the applicable requirements will be observed. Any approval given by Landlord with respect to Tenant’s construction or the Temporary Plans or Final Plans therefor,
and/or any monitoring of Tenant’s work by Landlord, shall not make Landlord liable or responsible in any way for the condition, quality or function of such matters or constitute any undertaking, warranty or representation by Landlord with
respect to any of such matters. 
 (e) No Liens; Indemnification. Tenant shall have no authority to place any lien upon the Expansion
Premises, or the Building, or any portion thereof or interest therein, nor shall Tenant have any authority in any way to bind Landlord, and any attempt to do so shall be void and of no effect. If, because of any actual or alleged act or omission of
Tenant, or Tenant’s Contractor, or any subcontractors or materialmen, any lien, affidavit, charge or order for the payment of money shall be filed against Landlord, the Expansion Premises, the Building, or any portion thereof or interest
therein, whether or not such lien, affidavit, charge or order is valid or enforceable, Tenant shall, at its sole cost and expense, cause the same to be discharged of record by payment, bonding or otherwise no later than fifteen ( 15) days after
notice to Tenant of the filing thereof, but in any event prior to the foreclosure thereof. With respect to the contract for labor or materials for construction of the Tenant Improvements, Tenant acts as principal and not as the agent of Landlord.
Landlord expressly disclaims liability for the cost of labor performed for or supplies or materials furnished to Tenant. Landlord may post one or more “notices of non-responsibility” for
Tenant’s 

  
 B-4 

 
work on the Building. No contractor of Tenant is intended to be a third-party beneficiary with respect to the Landlord’s Construction Allowance, or the agreement of Landlord to make such
Landlord’s Construction Allowance available for payment of or reimbursement for the costs of construction of the Tenant Improvements. Tenant agrees to indemnify, defend and hold Landlord, the Expansion Premises and the Project, harmless from
all claims (including all costs and expenses of defending against such claims) arising or alleged to arise from any act or omission of Tenant or Tenant’s agents, employees, contractor, subcontractors, suppliers, materialmen, architects,
designers, surveyors, engineers, consultants, laborers, or invitees, or arising from any bodily injury or property damage occurring or alleged to have occurred incident to any of the work to be performed by Tenant or its contractors or
subcontractors with respect to the Expansion Premises. Any Default by Tenant under this Exhibit B shall constitute a default by Tenant under the Lease for all purposes. Additionally, any approval given by Landlord with respect to the Tenant
Improvements or the Final Plans and/or any monitoring of the construction of the Tenant Improvements by Landlord shall not make Landlord liable or responsible in any way for the condition, quality or function of such matters or constitute any
undertaking, warranty or representation by Landlord with respect to any such matters. 
 (f) Substantial Completion.
“Substantial Completion” of construction of the Tenant Improvements shall be defined as (i) the date upon which Landlord’s Construction Representative (or other consultant engaged by Landlord) determines that the Tenant
Improvements have been substantially completed in accordance with the Final Plans, and (ii) the date upon which a temporary certificate of occupancy (or its equivalent) is issued for the Expansion Premises by the appropriate governmental
authority. After the completion of the Tenant Improvements, Tenant shall, upon demand, execute and deliver to Landlord a letter of acceptance of improvements performed on the Expansion Premises. The failure of Tenant to take possession of or to
occupy the Expansion Premises shall not serve to relieve Tenant of obligations arising on the Expansion Commencement Date or delay the payment of rent by Tenant with respect to the Expansion Premises. 

  
 B-5 

 EXHIBIT B-1 

PRE-APPROVED SPACE PLAN FOR EXPANSION PREMISES 

 
 

 

  
 B-1-1 

 EXHIBIT C 

ONE RENEWAL OPTION AT MARKET 

(a) Provided that as of the time of the giving of the Renewal Notice and the Commencement Date of the Renewal Term (as such terms are defined
below), (x) Tenant is the Tenant originally named herein or a Permitted Transferee (as defined in Paragraph 11(a) of the Original Lease), (y) Tenant actually occupies all of the Premises initially demised under this Second Amendment and any
space added to the Premises described in this Second Amendment, and (z) no event of default exists beyond applicable notice and cure periods; then Tenant shall have the right to extend the Lease Term for an additional term of two (2) years
(such additional term is hereinafter called the “Renewal Term”) commencing on the day following the expiration of the Extension Term (hereinafter referred to as the “Commencement Date of the Renewal Term”). Tenant
must give Landlord notice (hereinafter called the “Renewal Notice”) of its election to extend the term of the Lease Term at least nine (9) months, but not more than twelve (12) months, prior to the scheduled expiration
date of the Extension Term. 
 (b) The Basic Annual Rent payable by Tenant to Landlord during the Renewal Term shall be the Fair Market
Rent, as defined and determined pursuant to Paragraph (c), Paragraph (d), and Paragraph (e) below. 
 (c) The term
“Fair Market Rent” shall mean the Basic Annual Rent, expressed as an annual rent per square foot of Rentable Area, which Landlord would have received from leasing the Premises for the Renewal Term to an unaffiliated person which is
not then a tenant in the Project, assuming that such space were to be delivered in “as-is” condition, and taking into account the rental which such other tenant would most likely have paid for such premises, including market escalations.
Fair Market Rent means only the rent component defined as Basic Annual Rent in the Lease and does not include reimbursements and payments by Tenant to Landlord with respect to operating expenses and other items payable or reimbursable by Tenant
under the Lease (provided however, such amounts may be used in determined the Fair Market Rent for the Renewal Term). In addition to its obligation to pay Basic Annual Rent (as determined herein), Tenant shall continue to pay and reimburse Landlord
as set forth in the Lease with respect to such operating expenses and other items with respect to the Premises during the Renewal Term. The arbitration process described below shall be limited to the determination of the Basic Annual Rent and shall
not affect or otherwise reduce or modify the Tenant’s obligation to pay or reimburse Landlord for such operating expenses and other reimbursable items. 

(d) Landlord shall notify Tenant of its determination of the Fair Market Rent (which shall be made in Landlord’s sole and good faith
discretion) for the Renewal Term, and Tenant shall advise Landlord of any objection within thirty (30) days of receipt of Landlord’s notice. Failure to respond within the thirty (30) day period shall constitute Tenant’ s deemed
objection of such Fair Market Rent. If Tenant objects (or is deemed to have objected), Landlord and Tenant shall commence negotiations to attempt to agree upon the Fair Market Rent within thirty (30) days of Landlord’s receipt of
Tenant’s notice (or, to the extent Tenant is deemed to have objected, the parties shall commence such negotiation after the expiration of the thirty (30) day period following Tenant’s receipt of Landlord’s notice). If the parties
cannot agree, each acting in good faith but without any obligation to agree, then the arbitration procedure provided below to determine the Fair Market Rent. 

(e) Arbitration to determine the Fair Market Rent shall be in accordance with the Real Estate Valuation Arbitration Rules of the American
Arbitration Association. Unless otherwise required by state law, arbitration shall be conducted in the metropolitan area where the Project is located by a single arbitrator unaffiliated with either party. Either party may elect to arbitrate by
sending written notice to the other party and the Regional Office of the American Arbitration Association within five (5) days after the thirty (30) 

  
 C-1 

 
day negotiating period provided in Paragraph (d), invoking the binding arbitration provisions of this paragraph. Landlord and Tenant shall each submit to the arbitrator their respective
proposal of Fair Market Rent. The arbitrator must choose between the Landlord’s proposal and the Tenant’s proposal and may not compromise between the two or select some other amount. The cost of the arbitration shall be paid by Landlord if
the Fair Market Rent is that proposed by Tenant and by Tenant if the Fair Market Rent is that proposed by Landlord; and shall be borne equally otherwise. If the arbitrator has not determined the Fair Market Rent as of the end of the Lease Term,
Tenant shall pay one hundred five percent (105%) of the Basic Annual Rent in effect under the Lease as of the end of the Lease Term until the Fair Market Rent is determined as provided herein. Upon such determination, Landlord and Tenant shall make
the appropriate adjustments to the payments between them. 
 (f) The parties consent to the jurisdiction of any appropriate court to enforce
the arbitration provisions of this Exhibit C and to enter judgment upon the decision of the arbitrator. 
 (g) Except for the Basic
Annual Rent as determined above, Tenant’s occupancy of the Premises during the Renewal Term shall be on the same terms and conditions as are in effect immediately prior to the expiration of the Extension Term; provided, however, Tenant shall
have no further right to extend the Lease Term pursuant to this Exhibit C or to any allowances, credits or abatements or options to expand, contract, renew or extend the Lease. 

(h) If Tenant does not send the Renewal Notice within the period set forth in Paragraph (a), Tenant’s right to extend the Lease
Term shall automatically terminate. Time is of the essence as to the giving of the Renewal Notice and the notice of Tenant’s objection under Paragraph (d). 

(i) Landlord shall have no obligation to refurbish or otherwise improve the Premises for the Renewal Term. The Premises shall be tendered on
the Commencement Date of the Renewal Term in “as-is” condition. 
 (j) If the Lease is
extended for the Renewal Term, then Landlord shall prepare and Tenant shall execute an amendment to the Lease confirming the extension of the Lease Term and the other provisions applicable thereto. 

(k) If Tenant exercises its right to extend the term of the Lease for the Renewal Term pursuant to this Exhibit C, the term “Lease
Term” as used in the Lease, shall be construed to include, when practicable, the Renewal Term except as provided in Paragraph (g) above. 

  
 C-2 

 THIRD AMENDMENT TO OFFICE LEASE 

This Third Amendment to Office Lease (this “Third Amendment”) is made and entered into by and between EOSII PALO ALTO
TECHNOLOGY CENTER, LLC, a Delaware limited liability company (“Landlord”), and BILL.COM, INC., a Delaware corporation (“Tenant”), to be effective on and as of the date that Landlord executes this Third
Amendment as set forth on the signature page below (the “Effective Date”). 

W I T N E S S E T H: 

WHEREAS, Landlord and Tenant are parties to that certain Office Lease dated December 2, 2013 (the “Original Lease”), as
amended by (a) that certain First Amendment to Office Lease dated February 29, 2016 (the “First Amendment”) and (b) that certain Second Amendment to Office Lease dated November 29, 2016 (the “Second
Amendment”) (the Original Lease, as so amended, hereinafter referred to as the “Lease”), pursuant to which Tenant is currently leasing certain premises containing a total of 38,928 square feet of Rentable Area (herein
collectively referred to as the “Existing Premises”) consisting of: (i) that certain 32,943 square feet of Rentable Area designated as Suites 100A, 100B, 101A and 101B (herein collectively referred to as the “1810
Embarcadero Portion”) in that certain building located at 1808 – 1810 Embarcadero Road, Palo Alto, California 94803 (the “1808 – 1810 Building”), and (ii) that certain 5,985 square feet of Rentable Area
designated as Suite 201 (the “1804 Embarcadero Portion”) in that certain building located at 1804 Embarcadero Road, Palo Alto, California 94803 (the “1804 Building”), all being in that certain multi-building project
known as the Palo Alto Technology Center in Palo, Alto, California (the “Project”); and 
 WHEREAS, Landlord and Tenant
desire to amend the terms of the Lease to expand the “Premises” (as such term is used in the Lease) and modify certain other terms of the Lease, all as more particularly provided herein below. 

NOW, THEREFORE, pursuant to the foregoing, and in consideration of the mutual covenants and agreements contained in the Lease and herein, the
Lease, as of the Effective Date, is hereby modified and amended as set out below: 
  

	1.	 Definitions. All capitalized terms used herein shall have the same meaning as defined in the Lease,
unless otherwise defined in this Third Amendment. 

  

	2.	 Expansion of Premises. Effective on and as of the Third Amendment Expansion Date (hereinafter defined),
the “Premises” (as such term is used in the Lease) shall be expanded to include that certain 9,315 square feet of Rentable Area, as more particularly depicted in Exhibit A attached hereto (the “Third Amendment Expansion
Premises”), comprising the entire Rentable Area of the 1800 Building (hereinafter defined), upon all of the terms of the Lease, except as otherwise amended herein. The “1800 Building” shall mean that certain building in the
Project located at 1800 Embarcadero Road, Palo Alto, California. The “Third Amendment Expansion Date” shall mean the later to occur of (A) the date that the Landlord’s Work (as defined in Paragraph 6 below) is completed or
(B) June 1, 2018. The Lease Term with respect to the Third Amendment Expansion Premises shall be co-terminous with the Lease Term for the Existing Premises, which is currently scheduled to expire on
May 31, 2020 (herein referred to as the “Current Expiration Date”). The period commencing on the Third Amendment Expansion Date and ending on the Current Expiration Date shall be referred to herein as the “Third
Amendment Expansion Term”. 

	 	
Following the Third Amendment Expansion Date, the “Premises” under the Lease shall be deemed to contain a total of 48,243 square feet of Rentable Area consisting of the Existing
Premises and the Third Amendment Expansion Premises, combined. Upon occurrence of the Third Amendment Expansion Date, Landlord may provide a commencement certificate to Tenant, which Tenant shall execute and return within ten (10) days after
receipt. Tenant’s failure to execute and return such commencement certificate within such ten (10) day period shall be deemed to be Tenant’s approval of the commencement certificate and the terms set forth therein. Landlord’s failure
to send such commencement certificate shall have no effect on the Third Amendment Expansion Date. 

  

	3.	 Pre-Term Access to Third Amendment Expansion Premises. Beginning
upon the date that Landlord delivers to Tenant the Third Amendment Expansion Premises (which shall occur promptly following full mutual execution of this Third Amendment) (such date being referred to herein as the “Pre-Term Access Commencement Date”) and ending on the day immediately preceding the Third Amendment Expansion Date (such period being referred to as the
“Pre-Term Access Period”), Tenant, and Tenant’s contractors reasonably approved by Landlord, may access the Third Amendment Expansion Premises (the
“Pre-Term Access”) for the sole purpose of installing Tenant’s furniture, equipment, computer and phone cabling and wiring systems in the Third Amendment Expansion Premises (the
“Tenant’s Work”); provided, however, Tenant and/or Tenant’s contractors, must coordinate all access to the Third Amendment Expansion Premises during such Pre-Term Access Period with
the property manager of the Project prior to such access. Except for the payment of Basic Annual Rent and Additional Rent for the Third Amendment Expansion Premises, all other terms, conditions, rules, regulations and obligations of Tenant, as set
forth in the Lease, shall apply during the Pre-Term Access Period (including, without limitation, the obligation to pay Rent for the Existing Premises). Tenant, and its approved contractors, shall not
interfere with the completion of the Landlord’s Work or cause any labor dispute as a result of such Pre-Term Access, and, to the fullest extent permitted by law, Tenant hereby agrees to indemnify, defend,
and hold Landlord harmless from any loss or damage to such property, and all liability, loss, or damage arising from any injury to the Project or the property of Landlord, its contractors, subcontractors, or materialmen, and any death or personal
injury to any person or persons arising out of such Pre-Term Access, EVEN IF SUCH LOSS, DAMAGE, LIABILITY, DEATH, OR PERSONAL INJURY WAS CAUSED SOLELY OR IN PART BY LANDLORD’S NEGLIGENCE, BUT NOT TO THE
EXTENT CAUSED BY THE GROSS NEGLIGENCE OR WILLFUL MISCONDUCT OF LANDLORD. Any such Pre-Term Access shall be subject to Tenant providing to Landlord satisfactory evidence of insurance for personal injury and
property damage related to such Pre-Term Access Period prior to the commencement of the Pre-Term Access Period, including such insurance from Tenant’s contractors,
as required by Landlord for third party contractors working in the Project. Any delay in putting Tenant in possession of the Third Amendment Expansion Premises due to such Pre-Term Access Period shall not
serve to extend the Lease Term or to make Landlord liable for any damages arising therefrom. Notwithstanding the above, Tenant shall not be responsible under this Lease in any respect whatsoever for any hazardous or toxic materials which may exist
as of the date exclusive possession of the Third Amendment Expansion Premises is delivered to Tenant or which may exist during or after the Lease Term and is not caused by Tenant or Tenant’s agents, employees, contractors or sublessees (the
“Non-Tenant Caused Hazardous Materials”). For clarity, if during the performance of Tenant’s Work, Tenant or its agents, employees or contractors discover hazardous or toxic materials
which are located in the Third Amendment Expansion Premises and predate the Pre-Term Access Commencement Date, then such hazardous or toxic materials shall be considered Non-Tenant Caused Hazardous Materials.
Landlord, at its sole cost and expense (not to be included in Operating Costs), shall comply with all applicable laws relating to the abatement, removal, encapsulation or disposal of all such Non-Tenant Caused

  
 2 

	 	
Hazardous Materials. In the event the Non-Tenant Caused Hazardous Materials are discovered during the Pre-Term
Access Period, Landlord will complete such abatement, removal, encapsulation or disposal to the extent required by applicable law prior to the Tenant occupying the Third Amendment Expansion Premises and such abatement, removal, encapsulation or
disposal will be considered Landlord’s Work (however, for the avoidance of doubt, Landlord shall only be required to perform such abatement, removal, encapsulation or disposal of Non-Tenant Caused
Hazardous Materials to the extent applicable law requires it). 

  

	4.	 Basic Annual Rent. Tenant shall pay Basic Annual Rent as follows: 

 

	 	(a)	 Existing Premises. Tenant shall continue to pay Basic Annual Rent for the Existing Premises in
accordance with the existing terms and provisions of the Lease applicable thereto, including, without limitation, Paragraph 4 of the Second Amendment. 

  

	 	(b)	 Third Amendment Expansion Premises. Commencing on the Third Amendment Expansion Date and continuing
thereafter for the remainder of the Lease Term, Tenant shall pay also Basic Annual Rent for the Third Amendment Expansion Premises. The Basic Annual Rent due during the Third Amendment Expansion Term shall be as follows: 

 

					
	 Period
	  	 Rate/RSF/Month
	  	 Monthly Installment

	 (during Third Amendment

Expansion Term)
	  	(approx. due to/rounding)	  	 
	T.A.E.D. – Month 12*	  	$4.25, plus NNN	  	$39,588.75, plus NNN
	Month 13 – Month 24	  	$4.38, plus NNN	  	$40,776.41, plus NNN
	Month 25 – 05/31/2020**	  	$4.51, plus NNN	  	$41,999.70, plus NNN

  

	*	 “T.A.E.D.” shall refer to the Third Amendment Expansion Date. For purposes of the rent
schedule above, the initial period terminates on the last day of the twelfth (12th) full calendar month following the Third Amendment Expansion Date (i.e., such that if the Third Amendment
Expansion Date is a day other than the first day of a calendar month, then this period would include the partial month in which the Third Amendment Expansion Date occurred plus the next twelve (12) full calendar months) and the period following
thereafter commences on the first day of the thirteenth (13th) full calendar month following the Third Amendment Expansion Date. 

	**	 However, in the event that the Third Amendment Expansion Date occurs on or after June 1, 2018, then the
rent schedule set forth herein for this period shall be null and void because the Current Expiration Date (i.e., May 31, 2020) would occur prior to Month 25 of the Third Amendment Expansion Term. 

 

	5.	 Additional Rent. Tenant shall pay Additional Rent, as follows: 

 

	 	(a)	 Existing Premises. Tenant shall continue to pay Additional Rent (including, without limitation,
Tenant’s Proportionate Share of Operating Costs) attributable to the Existing Premises throughout the Lease Term, in accordance with the existing terms and provisions of the Lease applicable thereto (including, without limitation, Paragraph
5 of the Second Amendment). 

  
 3 

	 	(b)	 Third Amendment Expansion Premises. Commencing on the Third Amendment Expansion Date and continuing
throughout the Lease Term, Tenant shall also pay Additional Rent (including, without limitation, Tenant’s Proportionate Share of Operating Costs) attributable to the Third Amendment Expansion Premises. Such Additional Rent with respect to the
Third Amendment Expansion Premises shall be calculated on a triple net basis similar to the 1810 Embarcadero Portion. Additionally, for the purposes of calculating Additional Rent with respect to the Third Amendment Expansion Premises, Tenant’s
Proportionate Share with respect to the 1800 Building shall be equal to 100% (9,315 rsf / 9,315 rsf). For the avoidance of doubt, Paragraph 4 and Paragraph 7 of the First Amendment shall not apply with respect to the Third
Amendment Expansion Premises. 

  

	6.	 Condition of Premises. Notwithstanding anything in the Lease to the contrary, Tenant is currently in
possession of the Existing Premises, and Tenant agrees to accept the Existing Premises in its existing “AS-IS”, “WHERE-IS” and “WITH ALL
FAULTS” condition, and Landlord shall have no obligation whatsoever to refurbish or otherwise improve the Existing Premises at any time during the Lease Term. 

Additionally, Landlord shall deliver the Third Amendment Expansion Premises to Tenant in good working condition, including, but not limited to,
the roof, HVAC, electrical, plumbing and lighting being in good working condition. Except as provided herein, Tenant shall accept the Third Amendment Expansion Premises from Landlord in its “AS-IS”
condition, and, except for any of Landlord’s express repair and maintenance obligations set forth in the Lease, Landlord shall have no obligation whatsoever to refurbish or otherwise improve the Third Amendment Expansion Premises at any time
during the Lease Term; provided, however, Landlord, at Landlord’s sole cost, using contractors selected by Landlord, and using Project standard materials, procedures and methods of construction, hereby agrees to perform the following
improvements in the Third Amendment Expansion Premises (collectively, the “Landlord’s Work”): (i) professionally clean the Third Amendment Expansion Premises; (ii) paint the interior walls of the restroom in the Third
Amendment Expansion Premises using building standard paint and replace the partitions in such restrooms using building standard partitions; and (iii) to the extent required pursuant to Paragraph 3 of this Third Amendment and applicable law,
abatement, removal, encapsulation or disposal of any Non-Tenant Caused Hazardous Materials. Notwithstanding anything herein to the contrary, Landlord will not be required to provide any touch-up paint to the interior walls of the Third Amendment Expansion Premises, however, Landlord will provide Tenant with a $5,000 credit applicable to the initial monthly installment of Basic Annual Rent due for
the Third Amendment Expansion Premises following the Third Amendment Expansion Date. In the event any code compliance work is required to the restrooms located in the Third Amendment Expansion Premises and such code compliance work is neither
triggered by Tenant’s particular use or any alteration or improvement being performed by Tenant, then Landlord agrees to perform such code compliance work at Landlord’s sole cost and expense. 

Other than with respect to any of Landlord’s express repair and maintenance obligations set forth in the Lease, Tenant acknowledges and
agrees that any and all improvements or allowances required to be performed or provided by Landlord under the Lease have been performed and/or satisfied in their entirety, including, without limitation, those set forth in Paragraph 6 of the
Second Amendment and Exhibit B attached thereto, Paragraph 5 of the First Amendment and Exhibit B attached thereto, and Item 18 of the Basic Lease Provisions of the Original Lease and Exhibit B attached
thereto. 

  
 4 

	7.	 Basic Services. Following the Third Amendment Expansion Date, Tenant shall lease the entirety of the
1800 Building. As a result, the parties hereby agree that, notwithstanding anything in the Lease to the contrary, the services to be provided by Landlord to the Third Amendment Expansion Premises shall be as follows: 

 

	 	(a)	 Utilities. Following the Third Amendment Expansion Date, Tenant shall cause all utilities serving the
1800 Building to be separately metered in Tenant’s name and Tenant shall pay directly to the utility company for such utility service charges. 

  

	 	(b)	 Janitorial Service. Because Tenant shall be leasing the entirety of the 1800 Building, Landlord shall
have no responsibility to provide any janitorial service to the 1800 Building (including any restrooms therein) and Tenant shall be fully responsible for providing all such janitorial service required to the 1800 Building. As such, with respect to
calculating Tenant’s Proportionate Share of Operating Costs as it relates to the Third Amendment Expansion Premises, in no event shall the janitorial services referenced in Paragraph 3(c)(ii) of the Original Lease include janitorial
costs attributable to cleaning the interior of any other tenant’s or occupant’s premises; provided, however, the janitorial costs for the Common Areas of the Project (e.g., dayporter costs, window washing, pressure washing of
sidewalks, etc.) shall continue to be included in Operating Costs for purposes of allocating Tenant’s Proportionate Share of Operating Costs attributable to the Third Amendment Expansion Premises. 

 

	 	(c)	 HVAC Maintenance. Commencing on the Third Amendment Expansion Date and continuing throughout the Lease
Term, Tenant shall maintain a preventive maintenance contract providing for the regular inspection and maintenance of the heating and air conditioning system serving the 1800 Building by a licensed heating and air conditioning contractor, unless
Landlord elects in its sole discretion to maintain such equipment. Tenant shall provide Landlord with written proof of said preventive maintenance contract within thirty (30) days of the Third Amendment Expansion Date. Any such maintenance and
repairs will be performed by Landlord’s contractor, or at Landlord’s option, by such contractor or contractors as Tenant may choose from an approved list to be submitted by Landlord. Tenant agrees to pay all costs and expenses incurred in
such maintenance and repair in accordance with the terms of the preventative maintenance contract. Notwithstanding the foregoing, and with respect to the base building HVAC unit for the 1800 Building (i.e., specifically excluding any supplemental
HVAC units that may have been installed by Tenant or any predecessor tenant), if Tenant has complied with this Paragraph 7(c) regarding repair and maintenance of the HVAC system and, notwithstanding such compliance, such HVAC unit
cannot, in the sole and reasonable business judgment of Landlord, be repaired other than at a cost which is in excess of fifty percent (50%) of the cost of replacing such unit, then the unit will be replaced by Landlord and, (i) to the extent
such replacement occurs during the initial twelve (12) months following the Third Amendment Expansion Date, then Landlord shall be responsible for the replacement cost or (ii) to the extent such replacement occurs following the one
(1) year anniversary of the Third Amendment Expansion Date, then the cost thereof shall be prorated between the parties as set forth herein over the useful life of the unit per GAAP accounting. In the event the replacement occurs after the one
(1) year anniversary of the Third Amendment Expansion Date, Tenant shall only be obligated to pay, each month during the remainder of the term of the Lease, on the date on which Rent

  
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is due, an amount equal to the product of multiplying the cost of such replacement by a fraction, the numerator of which is one, and the denominator of which is 144 (i.e. 1/44th of the replacement cost per month). The cost shall include a commercially reasonable interest rate on the unamortized balance. Tenant may prepay its obligation at any time. Such payments shall be
deemed to be Additional Rent under the Lease. It will be in Landlord’s sole and reasonable discretion to determine the make, model and size of the replacement unit so long as such replacement HVAC unit will be comparable to the existing HVAC
unit it is replacing. Replacement of the unit shall not require Landlord to undetiake any other work in or about the Premises with respect to the HVAC system. 

  

	8.	 Signage. Provided that (x) Tenant is the Tenant originally named herein or a Permitted Transferee,
(y) Tenant or a Permitted Transferee is leasing and actually occupies at least 48,243 square feet of Rentable Area in the Project, which includes the entirety of the 1800 Building, and (z) no event of material default or event which but
for the passage of time or the giving of notice, or both, would constitute a material event of default has occurred and is continuing, then, subject to the further terms of this Paragraph 8 and all applicable laws, codes, ordinances,
restrictions, rules and regulations, as well as all applicable covenants, restrictions or deed restrictions affecting the Project (collectively, the “Applicable Rules and Restrictions”), Tenant shall have the right throughout the
Lease Term to install eyebrow signage in a location designated by Landlord near the main entrance to the Third Amendment Expansion Premises (“Eyebrow Sign”) provided that Landlord, acting reasonably, approves the Eyebrow Sign
(including all structural engineering and aesthetic aspects thereof) and the exact location where the same is to be installed. The engineering, manufacture, installation, maintenance and removal of, and the procurement of all required approvals for,
the Eyebrow Sign shall be at Tenant’s sole cost and expense. The installation of the Eyebrow Sign shall be in compliance with all Applicable Rules and Restrictions. Prior to the manufacturing or installing the Eyebrow Sign, Tenant shall submit
to Landlord, for Landlord’s approval, (i) a report from a structural engineer reasonably acceptable to Landlord providing that (A) the 1800 Building can adequately support the installation of the Eyebrow Sign, and (B) the Eyebrow
Sign can and will be installed in a manner that will not damage, or otherwise affect or diminish the structural integrity of, the 1800 Building, and (ii) a detailed drawing indicating the size, layout, design, configuration, lettering and/or
graphics and color of the proposed Eyebrow Sign, together with the proposed location where the Eyebrow Sign is to be installed. In the event Landlord approves the structural report, the Eyebrow Sign and the location, Landlord shall evidence such
approval in writing. Tenant shall install, repair, maintain, and remove the Eyebrow Sign with contractors approved by Landlord. Any such contractors shall satisfy Landlord’s insurance and indemnification requirements prior to performing any
work. Tenant agrees that the installation, maintenance, repair and removal of the Eyebrow Sign shall be at Tenant’s sole risk. Tenant agrees to maintain the Eyebrow Sign in good condition and repair and, prior to the expiration of the Lease
Term or the earlier termination of the Lease or Tenant’s right of possession under the Lease or Tenant’s vacation from any portion of the Third Amendment Expansion Premises, Tenant shall remove the Eyebrow Sign at its sole cost and
expense. In the event Tenant fails to repair or remove the Eyebrow Sign, Landlord shall have the right to repair or remove the Eyebrow Sign, as the case may be, and Tenant shall reimburse Landlord on demand for all costs incurred by Landlord in
connection therewith, plus an additional charge equal to ten percent (10%) of such costs incurred by Landlord as a coordination fee, and upon any such removal Landlord shall have the right to dispose of the same in any manner Landlord so desires
without any liability to Tenant therefor. TENANT AGREES TO INDEMNIFY AND HOLD LANDLORD HARMLESS FROM AND AGAINST ANY AND ALL LIENS, CLAIMS, DEMANDS, LIABILITIES, AND EXPENSES (INCLUDING REASONABLE ATTORNEY’S FEES) INCURRED OR SUFFERED BY
LANDLORD AND EXISTING OUT OF OR IN ANY WAY RELATED TO THE INSTALLATION, 

  
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MAINTENANCE, REPAIR OR REMOVAL OF THE EYEBROW SIGN, EVEN IF THE SAME IS CAUSED IN PART (BUT NOT SOLELY) BY THE NEGLIGENCE OF LANDLORD, ITS EMPLOYEES, AGENTS OR REPRESENTATIVES. Notwithstanding
anything herein to the contrary, Landlord shall have the right to terminate Tenant’s rights under this Paragraph 8 by providing written notice of termination to Tenant if, at any time, Tenant (1) assigns the Lease (except to a
Permitted Transferee), (2) subleases any portion of the Premises, (3) suffers an event of default of any term or condition of the Lease, or (4) cease to lease or occupy the entirety of the 1800 Building. In the event Landlord terminates
Tenant’s rights under this Paragraph 8 as provided for in the immediately preceding sentence, Tenant shall remove the Eyebrow Sign from the 1800 Building and repair any damage to the 1800 Building caused by the installation, maintenance
and/or removal thereof within thirty (30) days following receipt of Landlord’s written notice of termination, and, in the event Tenant fails to timely remove the Eyebrow Sign and/or repair such damage, Landlord shall have the right to do
the same and Tenant shall reimburse Landlord on demand for all costs incurred by Landlord in connection therewith, plus an additional charge equal to ten percent (10%) of such costs incurred by Landlord as a coordination fee (and Tenant shall be
deemed to have abandoned the Eyebrow Sign and Landlord shall have the right to dispose of the Eyebrow Sign in any manner Landlord shall choose in its sole discretion without any liability whatsoever to Tenant with respect thereto). The terms of
Paragraph 19(ee) of the Original Lease shall not be applicable to the Third Amendment Expansion Premises, and Tenant shall not receive fascia signage on the 1800 Building. 

 

	9.	 Parking. As of the Third Amendment Expansion Date, as a result of Tenant’s expansion into the Third
Amendment Expansion Premises, the total number of parking spaces allocated to Tenant in Item 13 of the Basic Lease Provisions of the Original Lease (and further amended by Paragraph 6 of the First Amendment and Paragraph
8 of the Second Amendment) shall be increased by a total of twenty-nine (29) parking spaces, consisting of (i) one ( 1) reserved parking space in a location designated by Landlord and (ii) twenty-eight (28) unreserved parking
spaces, all at no charge to Tenant through the Current Expiration Date. The initial location of Tenant’s reserved parking space shall be as shown in Exhibit B attached hereto, however, Landlord shall have the right to relocate such
reserved parking space from time to time. 

  

	10.	 One Renewal Option at Market. Tenant shall continue to have the right to extend the Lease Term beyond
the Current Expiration Date for a period of two (2) years, in accordance with and subject to the terms and conditions set forth in Exhibit C attached to the Second Amendment; provided, however, (i) such renewal option shall be
exercisable by Tenant only if Tenant leases and occupies at least 48,243 square feet of Rentable Area in the Project, and (ii) if Tenant exercises said renewal option, such renewal option shall apply to both the Existing Premises and the Third
Amendment Expansion Premises combined. 

  

	11.	 CASp Inspection. As of the Effective Date, neither the Existing Premises, the Third Amendment Expansion
Premises (the foregoing collectively referred to as the “Premises” for purposes of this Paragraph 12) nor the Project has undergone inspection by a Certified Access Specialist (CASp). A CASp can inspect the Premises and determine
whether the Premises comply with all of the applicable construction-related accessibility standards under state law. Although state law does not require a CASp inspection of the Premises, Landlord may not prohibit Tenant from obtaining a CASp
inspection of the Premises for the occupancy by Tenant, if requested by Tenant. The parties shall mutually agree on the arrangements for the time and manner of the CASp inspection, the payment of the fee for the CASp inspection, and the cost of
making any repairs necessary to correct violations of construction-related accessibility standards within the Premises. Except as otherwise expressly agreed upon in writing by Landlord, Landlord has no obligation for the payment of the CASp fee or
the cost of making repairs pursuant thereto, nor shall Landlord have 

  
 7 

	 	
any liability to Tenant arising out of or related to the fact that neither the Premises nor the Project has been inspected by a CASp, and Tenant waives all such liability and acknowledges that
Tenant shall have no recourse against Landlord or the Project as a result of or in connection therewith. 

  

	12.	 Cannabis. Tenant agrees that the Premises shall not be used for the use, growing, producing, processing,
storing (short or long term), distributing, transporting, or selling of cannabis, cannabis derivatives, or any cannabis containing substances (“Cannabis”), or any office uses related to the same, nor shall Tenant permit, allow or
suffer, any of Tenant’s officers, employees, agents, servants, licensees, subtenants, concessionaires, contractors and invitees to bring onto the Premises, any Cannabis. Without limiting the foregoing, the prohibitions in this paragraph shall
apply to all Cannabis, whether such Cannabis is legal for any purpose whatsoever under state or federal law or both. Notwithstanding anything to the contrary, any failure by Tenant to comply with each of the terms, covenants, conditions and
provisions of this paragraph shall automatically and without the requirement of any notice be a default that is not subject to cure, and Tenant agrees that upon the occurrence of any such default, Landlord may elect, in its sole discretion, to
exercise all of its rights and remedies under the Lease (as herein amended), at law or in equity with respect to such default. 

  

	13.	 Broker. Tenant warrants to Landlord that it has had no dealings with any broker or agent, other than
Cornish & Carey Commercial Newmark Knight Frank (“Broker”), in connection with the negotiation or execution of this Third Amendment. Tenant agrees to indemnify and hold Landlord harmless from and against any and all costs,
expenses or liability for commissions or other compensations or charges claimed by any broker or agent, other than Broker, claiming to have represented Tenant with respect to this Third Amendment. 

 

	14.	 OFAC. Tenant certifies, represents, warrants and covenants that: (i) it is not acting and will not
act, directly or indirectly, for or on behalf of any person, group, entity, or nation named by any Executive Order or the United States Treasury Department as a terrorist, “Specially Designated National and Blocked Person”, or other banned
or blocked person, entity, nation or transaction pursuant to any law, order, rule, or regulation that is enforced or administered by the Office of Foreign Assets Control; and (ii) it is not engaged in this transaction, directly or indirectly on
behalf of, or instigating or facilitating this transaction, directly or indirectly on behalf of, any such person, group, entity or nation. Tenant hereby agrees to defend (with counsel reasonably acceptable to Landlord), indemnify and hold harmless
Landlord and its designated property management company, and their respective partners, members, affiliates and subsidiaries, and all of their respective officers, directors, shareholders, employees, servants, partners, representatives, insurers and
agents from and against any and all claims or damages arising from or related to any such breach of the foregoing certifications, representations, warranties and covenants. 

 

	15.	 Miscellaneous. With the exception of those terms and conditions specifically modified and amended
herein, the herein referenced Lease shall remain in full force and effect in accordance with all its terms and conditions. In the event of any conflict between the terms and provisions of this Third Amendment and the terms and provisions of the
Lease, the terms and provisions of this Third Amendment shall supersede and control. 

  

	16.	 Counterparts. This Third Amendment may be executed in any number of counterparts, each of which shall be
deemed an original, and all of such counterparts shall constitute one agreement. To facilitate execution of this Third Amendment, the parties may execute this Third Amendment via counterparts and exchange facsimile copies of such executed
counterparts via telefax or e-mail, and such telefaxed or e-mailed facsimile counterparts shall serve as originals. 

  
 8 

 [SIGNATURE PAGE FOLLOWS] 

  
 9 

 IN WITNESS WHEREOF, the parties hereto have executed this Third Amendment to Office Lease as
of the dates set forth below, to be effective for all purposes, however, as of the Effective Date. 
  

			
	LANDLORD:
	
	EOSII PALO ALTO TECHNOLOGY CENTER,
	LLC, a Delaware limited liability company
		
	By:	 	 KBS Capital Advisors LLC,
 a
Delaware limited liability company,
 its authorized agent

					
			
		 	By:	 	 /s/ Brent Carroll

		 		 	Brent Carroll
		 		 	Senior Vice President
			
		 	Date:	 	5/21/18

 
			
	
	TENANT:
	
	BILL.COM, INC.,
	a Delaware corporation
		
	By:	 	 /s/ Raj Aji

	Name:	 	Raj Aji
	Title:	 	SVP, General Counsel
	Date:	 	5/18/18

  
 10 

 EXHIBIT A 

THIRD AMENDMENT EXPANSION PREMISES 
  

 
 

 
  

  
 Exhibit A 

 EXHIBIT B 

INITIAL LOCATION OF RESERVED PARKING SPACE 
  

 
 

 
  

  
 Exhibit B

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