Document:

EX-4.1

 Exhibit 4.1 

Execution Version 

AMENDMENT NO. 4 

AMENDMENT NO. 4 TO THE AMENDED AND RESTATED CREDIT AGREEMENT, dated as of August 15, 2022 (this
“Amendment”), among THE SHERWIN-WILLIAMS COMPANY, an Ohio corporation (the “Company”), the Lenders party hereto, GOLDMAN SACHS BANK USA (“GS Bank”), as Administrative Agent (in
such capacity, the “Administrative Agent”), and GOLDMAN SACHS MORTGAGE COMPANY (“GSMC”), as Issuing Bank (in such capacity, the “Issuing Bank”). Capitalized terms not otherwise
defined in this Amendment have the same meanings as specified in the Credit Agreement referred to below. 
 PRELIMINARY STATEMENTS:

 (1) The Company, the Administrative Agent, the Lenders from time to time party thereto and the Issuing Bank are parties to that
certain Amended and Restated Credit Agreement, dated as of August 2, 2021 (as amended by Amendment No. 1 to the Amended and Restated Credit Agreement, dated as of August 6, 2021, Amendment No. 2 to the Amended and Restated Credit
Agreement, dated as of November 18, 2021, and Amendment No. 3 to the Amended and Restated Credit Agreement, dated as of November 30, 2021, the “Existing Credit Agreement”; the Existing Credit Agreement as
amended by this Amendment, the “Credit Agreement”). 
 (2) The Company has requested, and the Administrative Agent
and the Lenders have agreed, on the terms and conditions set forth herein, to amend the Existing Credit Agreement as specified herein. 

NOW, THEREFORE, in consideration of the premises and for other good and valuable consideration, the receipt and sufficiency of which is hereby
acknowledged, the parties hereto hereby agree as follows: 
 SECTION 1. Amendments to the Existing Credit Agreement. Upon, and
subject to, the satisfaction or waiver in accordance with Section 9.02 of the Existing Credit Agreement of the conditions precedent set forth in Section 2 below: 

(a) The Existing Credit Agreement and the related exhibits thereto are hereby amended to delete the stricken text (indicated textually in the
same manner as the following example: stricken text) and to add the double-underlined text (indicated
textually in the same manner as the following example: double-underlined text) as reflected by the Credit Agreement and the related exhibits thereto attached hereto as Exhibit A and any term or provision of the Existing Credit Agreement which is different from that set forth in the Credit
Agreement shall be replaced and superseded in all respects by the terms and provisions of the Credit Agreement. 
 (b) Schedule 2.01
of the Existing Credit Agreement is hereby amended and restated in its entirety as set forth in Schedule 2.01 attached hereto. 
 SECTION 2.
Conditions of Effectiveness. This Amendment shall become effective on the date (the “Amendment No. 4 Effective Date”) on which: 

(a) the Administrative Agent shall have received a counterpart signature page of this Amendment duly executed by (i) the Company,
(ii) the Administrative Agent, (iii) the Lenders, and (iv) the Issuing Bank or, as to any of the foregoing parties, written evidence reasonably satisfactory to the Administrative Agent that such party has executed this Amendment; 

  

					
		  	1	  	 THE SHERWIN-WILLIAMS COMPANY

Amendment No. 4 to Credit Agreement

 (b) the Administrative Agent shall have received one or more counterparts of the Seventh
Amended and Restated Letter Agreement, dated as of the date hereof, duly executed by the Company and GSMC; and 
 (c) the representations and
warranties set forth in Section 4 of this Amendment shall be true and correct in all respects. 
 SECTION 3. Effect of this
Amendment, Etc. 
 (a) Except as expressly set forth herein, this Amendment shall not by implication or otherwise limit, impair,
constitute a waiver of, or otherwise affect the rights and remedies of the Issuing Bank, the Lenders or the Administrative Agent under the Credit Agreement or any other Loan Document, and shall not alter, modify, amend or in any way affect any of
the terms, conditions, obligations, covenants or agreements contained in the Credit Agreement or any other Loan Document, all of which are ratified and affirmed in all respects and shall continue in full force and effect. 

(b) Nothing herein shall be deemed to entitle the Company to a consent to, or a waiver, amendment, modification or other change of, any of the
terms, conditions, obligations, covenants or agreements contained in the Credit Agreement or any other Loan Document in similar or different circumstances. 

(c) After the Amendment No. 4 Effective Date, each reference in any Loan Document to the Credit Agreement, to “this Agreement”,
“hereunder”, “hereof” or words of like import referring to the Credit Agreement, shall mean and be a reference to the Existing Credit Agreement, as modified hereby. This Amendment shall constitute a “Loan Document” for
all purposes of the Credit Agreement and the other Loan Documents. 
 SECTION 4. Representations and Warranties. The Company
represents and warrants to the Administrative Agent and the Lenders that, on and as of the date hereof and on and as of the Amendment No. 4 Effective Date: 

(a) (i) The execution, delivery and performance by the Company of this Amendment and the transactions contemplated hereby have been duly
authorized by all necessary corporate action, and (ii) this Amendment has been duly executed and delivered by the Company and constitutes a legal, valid and binding obligation of the Company, enforceable against the Company in accordance with
its terms, except as may be limited by applicable bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium or similar laws of general applicability relating to or affecting creditors’ rights generally and subject to general
principals of equity, regardless of whether considered in a proceeding in equity or at law. 
 (b) The representations and warranties of the
Company contained in the Credit Agreement and any other Loan Document are true and correct in all material respects, except to the extent such representations and warranties expressly relate to an earlier date (in which case such representations and
warranties are true and correct in all material respects as of such earlier date). 

  

					
		  	2	  	 THE SHERWIN-WILLIAMS COMPANY

Amendment No. 4 to Credit Agreement

 (c) Both before and after giving effect to this Amendment, no Default or
Event of Default has occurred and is continuing. 
 SECTION 5. Execution in Counterparts. This Amendment may be executed in
counterparts (and by different parties hereto on different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract, it being understood and agreed that the words
“execution,” “signed,” “signature,” and words of similar import in, or with respect to, this Amendment shall be deemed to include electronic signatures or the keeping of records in electronic form (including, without
limitation, the execution by means of “DocuSign”, or other similar platform or service approved by the Administrative Agent), each of which shall be of the same effect, validity and enforceability as manually executed signatures or a
paper-based recordkeeping system, as the case may be, to the extent and as provided for under applicable law, including the Electronic Signatures in Global and National Commerce Act of 2000 (15 USC § 7001 et seq.), the Electronic Signatures and
Records Act of 1999 (NY State Technology Law §§ 301-309), or any other similar state laws based on the Uniform Electronic Transactions Act; provided, that any electronic signature delivered by means of “DocuSign”, or other
similar third-party platform by one party shall be at the request of any other party hereto promptly followed by an email attestation by such party to the recipient party confirming that such electronic signature so delivered is the signature of
such party; provided, further, that upon the request of the Administrative Agent, any electronic signature shall be followed by a manually executed counterpart as promptly as reasonably practicable. 

SECTION 6. Governing Law. This Amendment shall be governed by, and construed in accordance with, the laws of the State of New York.

 SECTION 7. WAIVER OF JURY TRIAL. EACH PARTY HERETO HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT
MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AMENDMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY). EACH PARTY HERETO
(A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT
IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION. 

SECTION 8. Jurisdiction; Consent to Service of Process. 

(a) The Company hereby irrevocably and unconditionally submits, for itself and its property, to the nonexclusive jurisdiction of the Supreme
Court of the State of New York sitting in New York County and of the United States District Court of the Southern District of New York, and any appellate court from any thereof, in any suit, action or proceeding arising

  

					
		  	3	  	 THE SHERWIN-WILLIAMS COMPANY

Amendment No. 4 to Credit Agreement

 
out of or relating to this Amendment, or for recognition or enforcement of any judgment, and each of the parties hereto hereby irrevocably and unconditionally agrees that all claims in respect of
any such suit, action or proceeding may be heard and determined in such New York State or, to the extent permitted by law, in such Federal court. Each of the parties hereto agrees that a final judgment in any such suit, action or proceeding
shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by law. Nothing in this Amendment shall affect any right that the Administrative Agent or any Lender or the Issuing Bank may
otherwise have to bring any suit, action or proceeding relating to this Amendment against the Company or its properties in the courts of any jurisdiction. 

(b) The Company hereby irrevocably and unconditionally waives, to the fullest extent it may legally and effectively do so, any objection which
it may now or hereafter have to the laying of venue of any suit, action or proceeding arising out of or relating to this Amendment in any court referred to in subsection (b) of this Section. Each of the parties hereto hereby irrevocably waives,
to the fullest extent permitted by law, the defense of an inconvenient forum to the maintenance of such action or proceeding in any such court. 

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] 

  

					
		  	4	  	 THE SHERWIN-WILLIAMS COMPANY

Amendment No. 4 to Credit Agreement

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

			
	THE SHERWIN-WILLIAMS COMPANY
		
	By:	 	 /s/ Jeffrey J. Miklich

		 	Name: Jeffrey J. Miklich
		 	Title:   Vice President and Treasurer

  

					
		  		  	 THE SHERWIN-WILLIAMS COMPANY

Amendment No. 4 to Credit Agreement

 
			
	GOLDMAN SACHS BANK USA,
	as Administrative Agent and as Lender
		
	By:	 	 /s/ William Briggs

		 	Name: William Briggs
		 	Title:   Authorized Signatory

  

					
		  		  	 THE SHERWIN-WILLIAMS COMPANY

Amendment No. 4 to Credit Agreement

 
			
	GOLDMAN SACHS MORTGAGE COMPANY,
	as Issuing Bank
	
	By: Goldman Sachs Real Estate Funding Corp., its General Partner
		
	By:	 	 /s/ Charles Johnston

		 	Name: Charles D. Johnston
		 	Title:   Authorized Signatory

  

					
		  		  	 THE SHERWIN-WILLIAMS COMPANY

Amendment No. 4 to Credit Agreement

 Exhibit A 

(See attached). 

  

					
		  	Exhibit A – 1	  	 THE SHERWIN-WILLIAMS COMPANY

Amendment No. 4 to Credit Agreement

 Execution
Version 
  

 
  

AMENDED AND RESTATED CREDIT AGREEMENT 

Dateddated as of 

August 2, 2021 
 among 

THE SHERWIN-WILLIAMS COMPANY, 

THE LENDERS PARTY HERETO, 

GOLDMAN SACHS BANK USA, 
 as
Administrative Agent, 
 and 

GOLDMAN SACHS MORTGAGE COMPANY, 

as Issuing Bank 
  

 
 $625,000,000.00

  
  

REVOLVING AND LETTER OF CREDIT FACILITY 
  

 TABLE OF CONTENTS 

 

					
	 	  	Page	 
	 ARTICLE I DEFINITIONS
	  	 	1	 
	 SECTION 1.01 Defined Terms
	  	 	1	 
	 SECTION 1.02 Terms Generally
	  	 	23	 
	 SECTION 1.03 Accounting Terms; GAAP
	  	 	24	 
	 SECTION 1.04 Amendment and Restatement of Prior Credit Agreement
	  	 	24	 
		
	 ARTICLE II THE CREDITS
	  	 	25	 
	 SECTION 2.01 Commitments
	  	 	25	 
	 SECTION 2.02 Loans and Borrowings
	  	 	25	 
	 SECTION 2.03 Requests for Borrowings
	  	 	25	 
	 SECTION 2.04 The Letter of Credit
	  	 	26	 
	 SECTION 2.05 Funding of Borrowings
	  	 	29	 
	 SECTION 2.06 Interest Elections
	  	 	29	 
	 SECTION 2.07 Termination of Commitments; Reduction of Commitments
	  	 	30	 
	 SECTION 2.08 Repayment of Loans; Evidence of Debt; Obligations Absolute
	  	 	31	 
	 SECTION 2.09 Prepayment of Loans
	  	 	32	 
	 SECTION 2.10 Fees
	  	 	33	 
	 SECTION 2.11 Interest
	  	 	33	 
	 SECTION 2.12 Alternate Rate of Interest
	  	 	34	 
	 SECTION 2.13 Increased Costs
	  	 	34	 
	 SECTION 2.14 Break Funding Payments
	  	 	36	 
	 SECTION 2.15 Taxes
	  	 	36	 
	 SECTION 2.16 Payments Generally; Pro Rata Treatment
	  	 	40	 
	 SECTION 2.17 Mitigation Obligations; Replacement of Lenders
	  	 	42	 
	 SECTION 2.18 Defaulting Lender
	  	 	43	 
	 SECTION 2.19 Benchmark Replacement Setting
	  	 	44	 
		
	 ARTICLE III REPRESENTATIONS AND WARRANTIES
	  	 	46	 
	 SECTION 3.01 Organization; Powers
	  	 	46	 
	 SECTION 3.02 Authorization; Enforceability
	  	 	46	 
	 SECTION 3.03 Governmental Approvals; No Conflicts
	  	 	46	 
	 SECTION 3.04 Financial Condition
	  	 	46	 
	 SECTION 3.05 Disclosure
	  	 	46	 
	 SECTION 3.06 Federal Reserve Regulations
	  	 	47	 
	 SECTION 3.07 Investment Company Act
	  	 	47	 
	 SECTION 3.08 OFAC
	  	 	47	 
	 SECTION 3.09 Anti-Corruption Laws
	  	 	47	 
	 SECTION 3.10 Use of Credit
	  	 	47	 
	 SECTION 3.11 Status as Senior Debt
	  	 	47	 
		
	 ARTICLE IV CONDITIONS
	  	 	47	 
	 SECTION 4.01 Conditions to Effective Date
	  	 	47	 
	 SECTION 4.02 Condition to Each Credit Event
	  	 	48	 

					
	 ARTICLE V AFFIRMATIVE COVENANTS
	  	 	49	 
	 SECTION 5.01 Financial Statements; Other Information
	  	 	49	 
	 SECTION 5.02 Notices of Material Events
	  	 	50	 
	 SECTION 5.03 Existence; Conduct of Business
	  	 	50	 
	 SECTION 5.04 Anti-Corruption Laws
	  	 	50	 
		
	 ARTICLE VI NEGATIVE COVENANTS
	  	 	50	 
	 SECTION 6.01 Equal and Ratable Security
	  	 	51	 
	 SECTION 6.02 Fundamental Changes
	  	 	51	 
	 SECTION 6.03 Sanctions
	  	 	51	 
	 SECTION 6.04 Anti-Corruption Laws
	  	 	51	 
		
	 ARTICLE VII EVENTS OF DEFAULT
	  	 	51	 
	 ARTICLE VIII THE ADMINISTRATIVE AGENT
	  	 	53	 
	 ARTICLE IX MISCELLANEOUS
	  	 	54	 
	 SECTION 9.01 Notices
	  	 	54	 
	 SECTION 9.02 Waivers; Amendments
	  	 	55	 
	 SECTION 9.03 Expenses; Indemnity; Damage Waiver
	  	 	56	 
	 SECTION 9.04 Successors and Assigns
	  	 	57	 
	 SECTION 9.05 Survival
	  	 	60	 
	 SECTION 9.06 USA Patriot Act
	  	 	60	 
	 SECTION 9.07 Counterparts; Integration; Effectiveness
	  	 	60	 
	 SECTION 9.08 Severability
	  	 	61	 
	 SECTION 9.09 Right of Setoff
	  	 	61	 
	 SECTION 9.10 Governing Law; Jurisdiction; Consent to Service of Process; Process Agent; Waiver of
Immunity
	  	 	61	 
	 SECTION 9.11 WAIVER OF JURY TRIAL
	  	 	62	 
	 SECTION 9.12 Headings
	  	 	62	 
	 SECTION 9.13 Confidentiality
	  	 	62	 
	 SECTION 9.14 Interest Rate Limitation
	  	 	63	 
	 SECTION 9.15 Acknowledgement and Consent to Bail-In of Affected Financial Institutions
	  	 	63	 
	 SECTION 9.16 Anti-Boycott Regulations
	  	 	64	 

 SCHEDULE: 
 Schedule 2.01
Commitments 
 EXHIBITS: 
  

			
	Exhibit A	  	Form of Assignment and Acceptance
	Exhibit B	  	Form of Note
	Exhibit C-1	  	U.S. Tax Compliance Certificate for Foreign Lenders That Are Not Partnerships
	Exhibit C-2	  	U.S. Tax Compliance Certificate Foreign Participants That Are Not Partnerships
	Exhibit C-3	  	U.S. Tax Compliance Certificate Foreign Participants That Are Partnerships
	Exhibit C-4	  	U.S. Tax Compliance Certificate Foreign Lenders That Are Partnerships
	Exhibit D	  	Form of Issuance Notice
	Exhibit E	  	Form of Standby Letter of Credit

  
 ii 

 This AMENDED AND RESTATED CREDIT AGREEMENT, dated as of August 2, 2021 (as amended,
supplemented, amended and restated or otherwise modified from time to time, this “Agreement”), is made by and among THE SHERWIN-WILLIAMS COMPANY, an Ohio corporation (the “Company”), the LENDERS party
hereto from time to time, GOLDMAN SACHS BANK USA (“GS
Bank”), as Administrative Agent (as defined below), and GOLDMAN SACHS MORTGAGE COMPANY (“GSMC”), as issuing bank (in such capacity, the “Issuing Bank”). 

The parties hereto entered into that certain Credit Agreement, originally dated as of September 11, 2017 (as amended by the First
Amendment to Credit Agreement, dated as of October 30, 2017, and the Second Amendment to Credit Agreement, dated as of September 6, 2018, the “Prior Credit Agreement”). 

The Company has requested that the Lenders, the Issuing Bank and the Administrative Agent amend and restate the Prior Credit Agreement in the
manner set forth herein, and the parties hereto have indicated their willingness to so amend and restate the Prior Credit Agreement. Accordingly, the parties hereto agree that, effective as of the Effective Date, the Prior Credit Agreement shall be
amended and restated in its entirety as follows: 

ARTICLE I 
 DEFINITIONS

 SECTION 1.01 Defined Terms. 

As used in this Agreement, the following terms have the meanings specified below: 

“2014 Credit Derivatives Definitions” means the 2014 ISDA Credit Derivatives Definitions as published by ISDA. 

“ABR”, when used in reference to any Loan or Borrowing, means that such Loan, or the Loans comprising such Borrowing,
are bearing interest at a rate determined by reference to the Alternate Base Rate. 
 “Adjusted LIBO Rate” means, with respect to any Eurodollar Borrowing for any Interest Period, an interest rate per annum (rounded upwards, if
necessary, to the next 1/100 of 1%) equal to (a) the LIBO Rate for such Interest Period, multiplied by (b) the Statutory Reserve Rate. 

“Adjusted
 Term SOFR” means, for purposes of any calculation, the rate per annum equal to (a) Term SOFR for such calculation plus (b) the Term SOFR Adjustment; provided that if Adjusted Term SOFR as so determined shall ever be
less than the Floor, then Adjusted Term SOFR shall be deemed to be the Floor. 

“Administrative Agent” means Goldman Sachs Bank USA, in its capacity as administrative agent for the Lenders hereunder
and under the other Loan Documents, and its successors in such capacity. 
 “Administrative Agent’s Account”
means the account of the Administrative Agent maintained by the Administrative Agent at its office at the address described in Section 9.01(b), or such other account of the Administrative Agent as is designated in writing from time to time by
the Administrative Agent to the Company, the Issuing Bank and the Lenders for such purpose. 
 “Administrative
Questionnaire” means an Administrative Questionnaire in a form supplied by the Administrative Agent. 

  
 1 

 “Affected Financial Institution” means (a) any EEA Financial
Institution or (b) any UK Financial Institution. 
 “Affiliate” means, 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. 

“Agreement” has the meaning ascribed to it in the preamble to this Agreement. 

“Alternate Base Rate” means, for any day, a rate per annum equal to the higher of (a) the Prime Rate in effect on
such day and (b) the Federal Funds Effective Rate in effect on such day plus 1/2 of 1%. Any change in the Alternate Base Rate due to a change in the Prime Rate or the Federal Funds Effective Rate shall be effective from and including the
effective date of such change in the Prime Rate or the Federal Funds Effective Rate, respectively. 
 “Amendment No. 14 Effective Date” means August 615,
20212022
. 

“Amendment No. 2 Effective
Date” means November 18, 2021. 
 “Amendment No. 3 Effective Date” means November 30, 2021. 

“Anti-Boycott Regulations” means (a) the United Kingdom Extraterritorial US Legislation (Sanctions against Cuba,
Iran and Libya) (Protection of Trading Interests) Order 1996, as amended, (b) section 7 of the German Foreign Trade Regulation (Außenwirtschaftsverodnung), (c) any provision of Council Regulation (EC) 2271/96, any provision of
Commission Delegated Regulation (EC) No 2018/1100 and any law or regulation implementing such regulations in any member state of the European Union, (d) the Foreign Extraterritorial Measures Act (Canada), R.S.C., 1985, c. F-29 and any orders
made thereunder and (e) any blocking or anti-boycott law or regulation similar to those set out in the foregoing clauses (a) through (d). 

“Anti-Corruption Laws” has the meaning assigned to such term in Section 3.09. 

“Applicable Percentage” means, with respect to any Lender, the percentage of the total Commitments represented by such
Lender’s Commitment. If the Commitments have been terminated or have expired, the Applicable Percentages shall be determined based on the sum of the amounts of the outstanding Loans and the LC Exposure or, if no Loans are outstanding and there
is no LC Exposure, based upon the Commitments most recently in effect, giving effect to any assignments. 
 “Assignment and
Acceptance” means an assignment and acceptance entered into by a Lender and an assignee (with the consent of any party whose consent is required by Section 9.04), and accepted by the Administrative Agent, in substantially the form
of Exhibit A or any other form approved by the Administrative Agent. 
 “Available Tenor” means, as of any date of
determination and with respect to the then-current Benchmark, as applicable, (x) if such Benchmark is a term rate,
any tenor for such Benchmark (or payment period for interest calculated with reference to such Benchmark, as applicable,component thereof) that is or may be used for determining the length of
an Interest
Periodinterest period pursuant to this Agreement
or (y) otherwise, any payment period for interest calculated with reference to such Benchmark (or component
thereof) that is or may be used for determining any frequency of making payments of interest calculated with reference to such Benchmark pursuant to this Agreement, in each case, as of such date and not including, for the avoidance of doubt, any
tenor for such Benchmark that is then-removed from the definition of “Interest Period” pursuant to clause Section 2.19(d) of Section 2.19. 

  
 2 

 “Availability Period” means the period from and including the
Effective Date to but excluding the earlier of the Maturity Date and the date of termination of the Commitments. 
 “Bail-In
Action” means the exercise of any Write-Down and Conversion Powers by the applicable Resolution Authority in respect of any liability of an Affected Financial Institution. 

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

“Bankruptcy Code” means The Bankruptcy Reform Act of 1978, as heretofore and hereafter amended, and codified as 11
U.S.C. Section 101 et seq. 
 “Benchmark” means, initially, USD LIBORthe Term SOFR
Reference Rate; provided that if a Benchmark Transition Event or an Early Opt-in Election, as
applicable, and its related Benchmark Replacement Date havehas occurred with respect to USD
LIBORthe Term SOFR Reference Rate or the
then-current Benchmark, then “Benchmark” means the applicable Benchmark Replacement to the extent that such Benchmark Replacement has replaced such prior benchmark rate pursuant to clause
Section 2.19(a) of Section 2.19. 

“Benchmark Replacement” means, for
any Available Tenorwith respect to any Benchmark Transition Event, the first alternative set forth in the order below that can be determined by the Administrative Agent for the applicable Benchmark Replacement Date: 

(1) the sum of: (a) Term SOFR and (b) the related
Benchmark Replacement Adjustment; 
 (2) (a) the sum of: (ai) Daily Simple SOFR and
(bii
) the related Benchmark Replacement Adjustment0.10% (10.0 basis points); or 

(3) (b) the sum of: (ai) the alternate benchmark rate that has been selected by the Administrative Agent and the Company as the replacement for the
then-current Benchmark for the applicable Corresponding Tenor giving due consideration to
(iA) any selection or recommendation of a replacement benchmark rate or the mechanism for determining such a rate by the Relevant Governmental Body or (iiB) any evolving or then-prevailing market convention for determining a benchmark rate as a replacement forto the then-current Benchmark for U.S. dollar-denominated syndicated credit facilities at such time and
(bii
) the related Benchmark Replacement Adjustment;. 

provided that, in the case of clause (1), such
Unadjusted Benchmark Replacement is displayed on a screen or other information service that publishes such rate from time to time as selected by the Administrative Agent in its reasonable discretion, provided,
further, that if the use of such screen or other information service for such purpose is not then an evolving or prevailing market convention among U.S. commercial banks, such screen or information service shall be selected
by the Administrative Agent in consultation with the Company. If the Benchmark Replacement as determined pursuant to clause (1), (2a) or
(3b) above would be less than the Floor, the Benchmark Replacement will be deemed to be the Floor for the purposes of this Agreement and the other Loan Documents. 

  
 3 

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

	 	(1)	 for purposes of clauses (1) and (2) of the definition of
“Benchmark Replacement,” the first alternative set forth in the order below that can be determined by the Administrative Agent: 

  

	 	a.	 the spread adjustment, or method for calculating or determining such spread
adjustment, (which may be a positive or negative value or zero) as of the Reference Time such Benchmark Replacement is first set for such Interest Period that has been selected or recommended by the Relevant Governmental Body for the replacement of
such Benchmark with the applicable Unadjusted Benchmark Replacement for the applicable Corresponding Tenor; or 

  

	 	b.	 the spread adjustment (which may be a positive or negative value or zero) as of
the Reference Time such Benchmark Replacement is first set for such Interest Period that would apply to the fallback rate for a derivative transaction referencing the ISDA Definitions to be effective upon an index cessation event with respect to
such Benchmark for the applicable Corresponding Tenor; and 

 (2) for purposes of clause (3) of the definition of “Benchmark Replacement,”
Adjustment” means, with respect to any replacement of the then-current Benchmark with an Unadjusted Benchmark Replacement, the spread adjustment, or method for calculating or
determining such spread adjustment, (which may be a positive or negative value or zero) that has been selected by the Administrative Agent and the Company for
the applicable Corresponding Tenor giving due consideration to (ia) any selection or recommendation of a spread adjustment, or method for
calculating or determining such spread adjustment, for the replacement of such Benchmark with the applicable Unadjusted Benchmark Replacement by the Relevant Governmental Body on the applicable Benchmark Replacement Date or (iib) any evolving or then-prevailing market convention for determining a spread adjustment, or method for calculating or determining such spread adjustment, for the replacement of such Benchmark with the applicable
Unadjusted Benchmark Replacement for U.S. dollar-
denominateddollar-denominated syndicated credit
facilities; at
such time. 

provided that, in the case of clause (1) above,
such adjustment is displayed on a screen or other information service that publishes such Benchmark Replacement Adjustment from time to time as selected by the Administrative Agent in its reasonable discretion, provided,
further, that if the use of such screen or other information service for such purpose is not then an evolving or prevailing market convention among U.S. commercial banks, such screen or information service shall be selected
by the Administrative Agent in consultation with the Company. 
 “Benchmark Replacement Conforming Changes” means, with respect to any Benchmark Replacement, any technical, administrative or operational changes
(including changes to the definition of “ABR,” the definition of “Business Day,” the definition of “Interest Period,” timing and frequency of determining rates and making payments of interest, timing of borrowing
requests or prepayment, conversion or continuation notices, length of lookback periods, the applicability of breakage provisions, and other technical, administrative or operational matters) that the Administrative Agent, in consultation
 

  
 4 

 
with the Company, decides may be appropriate to reflect the adoption and implementation of such Benchmark
Replacement and to permit the administration thereof by the Administrative Agent in a manner substantially consistent with market practice (or, if the Administrative Agent decides that adoption of any portion of such market practice is not
administratively feasible or if the Administrative Agent determines that no market practice for the administration of such Benchmark Replacement exists, in such other manner of administration as the Administrative Agent, in consultation with the
Company, decides is reasonably necessary in connection with the administration of this Agreement and the other Loan Documents). 

“Benchmark Replacement Date” means the earliest to occur of the following events with respect to the then-current
Benchmark: 
  

	 	(1) (a)	 in the case of clause
(1a) or
(2b) of the definition of “Benchmark Transition Event,” the later of
(ai) the date of the public statement or publication of information referenced therein and
(bii) the date on which the administrator of such Benchmark (or the published component used in the calculation
thereof) permanently or indefinitely ceases to provide all Available Tenors of such Benchmark (or such component thereof); or 

 

	 	(2) (b)	 in the case of clause
(3c) of the definition of “Benchmark Transition Event,” the
first date of the publicon which
such Benchmark (or the published component used in the calculation thereof) has been determined and announced by the regulatory supervisor for the administrator of such Benchmark (or such component thereof) to be non-representative; provided
that such non-representativeness will be determined by reference to the most recent statement or publication of information referenced therein; orin such clause (c) and even if any Available Tenor of such Benchmark (or such component thereof) continues to be provided on such date. 

 

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

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

	 	(1) (a)	 a public statement or publication of information by or on behalf of the administrator of such Benchmark (or the published
component used in the calculation thereof) announcing that such administrator has ceased or will cease to provide all Available Tenors of such Benchmark (or such component thereof), permanently or
indefinitely,; provided that, at the time of such statement or publication, there is no successor
administrator that will continue to provide any Available Tenor of such Benchmark (or such component thereof); 

  
 5 

	 	(2) (b)	 a public statement or publication of information by the regulatory supervisor for the administrator of such Benchmark (or the
published component used in the calculation thereof), the Federal Reserve Board, the Federal Reserve Bank of New York, an insolvency official with jurisdiction over the administrator for such Benchmark (or such component), a resolution authority
with jurisdiction over the administrator for such Benchmark (or such component) or a court or an entity with similar insolvency or resolution authority over the administrator for such Benchmark (or such component), which states that the
administrator of such Benchmark (or such component) has ceased or will cease to provide all Available Tenors of such Benchmark (or such component thereof) permanently or
indefinitely,; provided that, at the time of such statement or publication, there is no successor
administrator that will continue to provide any Available Tenor of such Benchmark (or such component thereof); or 

  

	 	(3) (c)	 a public statement or publication of information by the regulatory supervisor for the administrator of such Benchmark (or the
published component used in the calculation thereof) announcing that all Available Tenors of such Benchmark (or such component thereof) are no
longernot, or as of a specified future date will not be, representative. 

For the avoidance of doubt, a “Benchmark Transition Event” will be deemed to have occurred with respect to any Benchmark if a public statement or
publication of information set forth above has occurred with respect to each then-current Available Tenor of such Benchmark (or the published component used in the calculation thereof). 

“Benchmark Unavailability Period” means the period (if any) (xa) beginning at the time that a Benchmark Replacement Date pursuant to clauses (1) or (2) of that definition
has occurred if, at such time, no Benchmark Replacement has replaced the then-current Benchmark for all purposes hereunder and under any Loan Document in accordance with Section 2.19Section
2.19 and
(yb) ending at the time that a Benchmark Replacement has replaced the then-current Benchmark for all purposes hereunder and under any Loan Document pursuant to
Section 2.19in accordance with
Section 2.19. 
 “Board” means the Board of
Governors of the Federal Reserve System of the United States of America. 
 “Borrowing” means Loans of the same
Type, made, converted or continued on the same date and, in the case of EurodollarSOFR Loans, as to which a single Interest Period is in effect.

 “Borrowing Request” means a request by the Company for a Loan in accordance with Section 2.03. 

“Business Day” means any day that is not a Saturday, Sunday or other day on which banks in New York, New York or
Dallas, Texas are authorized or required by law to remain closed; provided that the term “Business Day” shall also exclude, when used in connection
with a Eurodollar Loan, any day on which banks are not open for dealings in dollar deposits in the London interbank market. 

“Capital Lease Obligations” of any Person means 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 or financing leases on a balance sheet of such Person
under GAAP, and the amount of such obligations shall be the capitalized amount thereof determined in accordance with GAAP. 

  
 6 

 “Change in Law” means the occurrence, after the date of this
Agreement or, with respect to any Lender such later date on which such Lender becomes a party to this Agreement, of any of the following (a) the adoption of any law, rule or regulation, (b) any change in any law, rule or regulation or in
the interpretation or application thereof by any Governmental Authority or (c) compliance by any Lender or the Issuing Bank (or, for purposes of Section 2.13(b), by any lending office of such Lender or the Issuing Bank or by such
Lender’s or the Issuing Bank’s holding company, if any) with any request, guideline or directive (whether or not having the force of law) of any Governmental Authority; provided that notwithstanding anything herein to the contrary,
(x) the Dodd-Frank Wall Street Reform and Consumer Protection Act and all requests, rules, guidelines or directives thereunder or issued in connection therewith and (y) all requests, rules, guidelines or directives promulgated by the Bank
for International Settlements, the Basel Committee on Banking Supervision (or any successor or similar authority) or the United States or foreign regulatory authorities, in each case under this clause (y) pursuant to Basel III, shall in each
case be deemed to be a “Change in Law”, regardless of the date enacted, adopted or issued. 
 “Charges”
has the meaning ascribed to it in Section 9.14. 
 “Code” means the Internal Revenue Code of 1986, as amended
from time to time. 
 “Commitment” means, with respect to each Lender, the commitment of such Lender to acquire
participations in the Letter of Credit and to make Loans, as such commitment may be (a) reduced from time to time pursuant to Section 2.07, (b) reduced or increased from time to time pursuant to assignments by or to such Lender
pursuant to Section 9.04 or (c) reduced or increased from time to time pursuant to an amendment hereto. The amount of each Lender’s Commitment on the Amendment No. 34 Effective Date is set forth on Schedule 2.01, or in the Assignment and Acceptance pursuant to which such Lender shall have assumed its Commitment, as applicable. 

“Commitment Reduction Date(s)” means each date set forth on Schedule 2.01 upon which any reduction in Commitments is
scheduled to occur, including the Maturity Date. 
 “Company” has the meaning ascribed to it in the preamble of this
Agreement. 

“Conforming
 Changes” means, with respect to either the use or administration of Term SOFR or the use, administration, adoption or implementation of any Benchmark Replacement, any technical, administrative or operational changes (including changes
to the definition of “ABR,”, the definition of “Alternate Base Rate,” the definition of “Business Day,” the definition of “U.S. Government Securities Business Day,” the definition of “Interest
Period” or any similar or analogous definition (or the addition of a concept of “interest period”), timing and frequency of determining rates and making payments of interest, timing of borrowing requests or prepayment, conversion or
continuation notices, the applicability and length of lookback periods, the applicability of Section 2.14 and other technical, administrative or operational matters) that the Administrative Agent (in consultation with the Company) decides may
be appropriate to reflect the adoption and implementation of any such rate or to permit the use and administration thereof by the Administrative Agent in a manner substantially consistent with market practice (or, if the Administrative Agent decides
that adoption of any portion of such market practice is not administratively feasible or if the Administrative Agent determines that no market practice for the administration of any such rate exists, in such other manner of administration as the
Administrative Agent (in consultation with the Company) decides is reasonably necessary in connection with the administration of this Agreement and the other Loan Documents). 

“Connection Income Taxes” means Other Connection Taxes that are imposed on or measured by net income (however
denominated) or that are franchise Taxes or branch profits Taxes. 

  
 7 

 “Consolidated Net Revenue” means, for any period, the net revenue of
the Company and its Subsidiaries for such period, determined on a consolidated basis in accordance with GAAP. 
 “Consolidated
Net Tangible Assets” means, on any date, Consolidated Total Assets less (i) all intangible assets, including goodwill, organization costs, intellectual property and research and development costs and (ii) any other
identifiable intangibles of the Company and its Subsidiaries determined on a consolidated basis in accordance with GAAP. 

“Consolidated Total Assets” means, on any date, the aggregate amount of assets of the Company and its Subsidiaries
determined on a consolidated basis in accordance with GAAP. 
 “Control” means 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. 
 “Corresponding
Tenor” with respect to any Available Tenor means, as applicable, either a tenor (including overnight) or an interest payment period having approximately the same length (disregarding business day adjustment) as such Available
Tenor. 
 “Credit Event” means each Borrowing and
each issuance, renewal, extension or increase of the Letter of Credit. 
 “Daily Simple SOFR” means, for any day,
SOFR, with the conventions for this rate (which will include a lookback) being established by the Administrative Agent in accordance with the conventions for this rate selected or recommended by the Relevant Governmental Body for determining
“Daily Simple SOFR” for syndicated business loans;
provided, that if the Administrative Agent decides that any such convention is not
administratively feasible for the Administrative Agent, then the Administrative Agent may establish another convention in its reasonable discretion. 

“Debtor Relief Laws” means the Bankruptcy Code, and all other liquidation, conservatorship, bankruptcy, assignment for
the benefit of creditors, moratorium, rearrangement, receivership, insolvency, reorganization, or similar debtor relief laws of the United States or other applicable jurisdictions from time to time in effect, and affecting the rights of creditors
generally. 
 “Default” means any event or condition that constitutes an Event of Default or which upon notice,
lapse of time or both would, unless cured or waived, become an Event of Default. 
 “Defaulting Lender” means,
subject to Section 2.18(b), any Lender that (a) has failed to perform any of its funding obligations hereunder, including in respect of its Loans, within two (2) Business Days of the date required to be funded by it hereunder,
(b) has notified the Company or the Administrative Agent that it does not intend to comply with its funding obligations or has made a public statement to that effect with respect to its funding obligations hereunder or under other agreements in
which it commits to extend credit, (c) has failed, within three (3) Business Days after request by the Administrative Agent or the Company, to confirm in a manner satisfactory to the Administrative Agent that it will comply with its
funding obligations 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 or of a Bail-In Action, (ii) had a receiver, conservator, trustee, administrator,
assignee for the benefit of creditors or similar Person charged with reorganization or liquidation of its business or a custodian appointed for it or (iii) taken any action in furtherance of, or indicated its consent to, approval of or
acquiescence in any such proceeding or appointment; provided that a Lender shall not be a Defaulting Lender solely by virtue of the ownership or acquisition of any Equity 

  
 8 

 
Interests 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 Person with immunity
from the jurisdiction of courts within the United States or from the enforcement of judgments or writs of attachment on its assets or permit such Person (or such Governmental Authority or instrumentality) to reject, repudiate, disavow or disaffirm
any contracts or agreements made by such Person. 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 2.18(b)) upon delivery of written notice of such determination to the Company, each Issuing Bank and each Lender. 

“Designated Jurisdiction” means any country or territory to the extent that such country or territory itself is the
subject of any Sanction. 
 “Determinations Committee” means the “Credit Derivatives Determinations
Committee” (as defined in Section 1.6 of the 2014 Credit Derivatives Definitions) for the Americas (or a successor to its functions). 

“dollars” or “$” or “USD” refers to lawful money of the United States
of America. 
 “Early Opt-in
Election” means, if the then-current Benchmark is USD LIBOR, the occurrence of: 
  

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

 

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

“EEA Financial Institution” means (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” means any of the member states of the European Union, Iceland, Liechtenstein, and Norway. 

“EEA Resolution Authority” means 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. 

“Effective Date” means the date on which the conditions set forth in Section 4.01 are satisfied or waived in
accordance with Section 9.02. 

  
 9 

 “Eligible Assignee” means (i) a Lender, (ii) a commercial
bank, insurance company or company primarily engaged in making commercial loans or a commercial finance company or (iii) any Affiliate of a Lender under common control with such Lender; provided, that solely if an ISDA Credit Event has
occurred, the term “Eligible Assignee” shall include any counterparty to a credit default swap with respect to which the Company is the “Reference Entity” (as defined in the 2014 Credit Derivatives Definitions). 

“Environmental Laws” means all laws, rules, regulations, codes, ordinances or binding orders, decrees, judgments,
injunctions or agreements issued, promulgated or entered into by any Governmental Authority, relating in any way to the environment, preservation or reclamation of natural resources or the management, release or threatened release of any Hazardous
Material. 
 “Environmental Liability” means any liability, contingent or otherwise (including any liability for
damages, costs of environmental remediation, fines, penalties or indemnities), directly or indirectly resulting from or based upon (a) violation of any Environmental Law, (b) the generation, use, handling, transportation, storage,
treatment or disposal of any Hazardous Materials, (c) exposure to any Hazardous Materials, (d) the release or threatened release of any Hazardous Materials into the environment or (e) any contract, agreement or other consensual
arrangement pursuant to which liability is assumed or imposed with respect to any of the foregoing. 
 “Equity
Interests” means shares of capital stock, partnership interests, membership interests in a limited liability company, beneficial interests in a trust or other equity ownership interests in a Person, and any warrants, options or other
rights entitling the holder thereof to purchase or acquire any such equity interest. 
 “Erroneous Payment” has the meaning assigned to such term in Section 9.17(a). 

“Erroneous
 Payment Deficiency Assignment” has the meaning assigned to such term in Section 9.17(d). 

“Erroneous
 Payment Return Deficiency” has the meaning assigned to such term in Section 9.17(d). 

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

“Eurodollar”, when used in reference
to any Loan or Borrowing, means that such Loan, or the Loans comprising such Borrowing, are bearing interest at a rate determined by reference to the Adjusted LIBO Rate. 

“Event of Default” has the meaning assigned to such term in Article VII. 

“Excluded Taxes” means any of the following Taxes imposed on or with respect to any 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 Company under Section 2.17) or (ii) such Lender changes its applicable lending office,

  
 10 

 
except in each case to the extent that, pursuant to Section 2.15(a)(ii), 2.15(a) (iii) or 2.15(c), 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 applicable lending office, (c) Taxes attributable to such Recipient’s failure to comply with Section 2.15(e) and (d) any
U.S. federal withholding Taxes imposed pursuant to FATCA. 
 “Existing Credit Agreement” means the Credit Agreement,
dated as of July 19, 2018, among the Company, Sherwin-Williams Luxembourg S.à r.l., Sherwin-Williams Canada Inc. and Sherwin-Williams UK Holding Limited, as borrowers, the lenders party thereto from time to time, Citibank, N.A., as
administrative agent, as amended, amended and restated, renewed, refinanced, replaced, supplemented or otherwise modified from time to time. 

“Facility Fees” has the meaning ascribed to it in Section 2.10. 

“FATCA” means 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 and any agreements entered into pursuant to Section 1471(b)(1) of the Code. 

“Federal Funds Effective Rate” means, for any day, the rate (rounded upwards, if necessary, to the next 1/100 of 1%)
calculated by the NYFRB based on such day’s federal funds transactions by depositary institutions (as determined in such manner as the NYFRB shall set forth on its public website from time to time) and published on the next succeeding Business
Day by the NYFRB as the federal funds effective rate, or, if such rate is not so published for any day that is a Business Day, the average (rounded upwards, if necessary, to the next 1/100 of 1%) of the quotations for such day for such transactions
received by the Administrative Agent from three Federal funds brokers of recognized standing selected by it; provided that if the Federal Funds Effective Rate shall be less than zero, such rate shall be deemed to be zero for purposes of this
Agreement. 
 “Federal Reserve Bank of New
York’s Website” means the website of the Federal Reserve Bank of New York at http://www.newyorkfed.org, or any successor source. 

“Fee Letter” means the fee letters, in each case executed and delivered on the date hereof and on each date on which
this Agreement is amended to increase or extend the Commitments, between the Company and GSMC, as amended, amended and restated, supplemented or otherwise modified from time to time. 

“Financial Officer” means the chief financial officer, principal accounting officer, treasurer, assistant treasurer or
controller of the Company. 
 “Floor” means the benchmark rate floor, if any, provided in this Agreement initially (as of the execution of this Agreement, the modification, amendment or renewal of this Agreement or
otherwise) with respect to USD LIBOR.a rate of interest equal to 0%. 
 “Foreign Lender” means a Lender that is not a U.S. Person. 

“GAAP” means U.S. generally accepted accounting principles; provided that, if any changes in U.S. generally
accepted accounting principles from those used in the preparation of the audited consolidated financial statements of the Company referred to in Section 3.04 occur by reason of any change in the rules, regulations, pronouncements, opinions or
other requirements of the Financial Accounting Standards Board (FASB) (or any successor thereto or agency with similar function), or if the 

  
 11 

 
Company adopts the International Financial Reporting Standards, and such change in accounting principles and/or adoption of such standards results in a change in the method or results of
calculation of financial covenants and/or defined terms contained in this Agreement, then at the option of the Required Lenders or the Company, the parties will enter into good faith negotiations to amend such financial covenants and/or defined
terms in such manner as the parties shall agree, each acting reasonably, in order to reflect fairly such changes and/or adoption so that the criteria for evaluating the financial condition of the Company shall be the same in commercial effect after,
as well as before, such changes and/or adoption are made (in which case the method and calculation of financial covenants and/or the defined terms related thereto hereunder shall be determined in the manner so agreed). 

“Governmental Authority” means the government of the United States of America, or of any other nation or 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). 

“GS Bank” has the meaning ascribed to it in the preamble of this Agreement. 

“GSMC” has the meaning ascribed to it in the preamble of this Agreement. 

“Guarantee” of or by any Person (the “guarantor”) means any obligation, contingent or
otherwise, of the guarantor guaranteeing or having the economic effect of guaranteeing any Indebtedness or other obligation of any other Person (the “primary obligor”) in any manner, whether directly or indirectly, and
including any obligation of the guarantor, direct or indirect, (a) to purchase or pay (or advance or supply funds for the purchase or payment of) such Indebtedness or other obligation or to purchase (or to advance or supply funds for the
purchase of) any security for the payment thereof, (b) to purchase or lease property, securities or services for the purpose of assuring the owner of such Indebtedness or other obligation of the payment thereof, (c) to maintain working
capital, equity capital or any other financial statement condition or liquidity of the primary obligor so as to enable the primary obligor to pay such Indebtedness or other obligation or (d) as an account party in respect of any letter of
credit or letter of guaranty issued to support such Indebtedness or obligation; provided, that the term Guarantee shall not include endorsements for collection or deposit in the ordinary course of business. For purposes hereof, the amount of
any Guarantee shall be deemed to be an amount equal to the stated or determinable amount of the related primary obligations, or portion thereof, in respect of which such Guarantee is made or, if not stated or determinable, the maximum reasonably
anticipated liability in respect thereof as determined by the guarantor in good faith. 
 “Hazardous Materials”
means all explosive or radioactive substances or wastes and all hazardous or toxic substances, wastes or other pollutants, including petroleum or petroleum distillates, asbestos or asbestos containing materials, polychlorinated biphenyls, radon gas,
infectious or medical wastes and all other substances or wastes of any nature regulated pursuant to any Environmental Law. 

“Hedging Agreement” means any agreement with respect to any swap, forward, future or derivative transaction or option
or similar agreement involving, or settled by reference to, one or more rates, currencies or prices of 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 such transactions; provided that no 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 Company or the Subsidiaries shall be a Hedging Agreement. The amount of the obligations of the Company or any Subsidiary in respect of any Hedging Agreement at any time shall be the maximum aggregate amount (giving effect to
any netting agreements) that the Company or such Subsidiary would be required to pay if such Hedging Agreement were terminated at such time. 

  
 12 

 “Indebtedness” of any Person means, without duplication,
(a) all obligations of such Person for borrowed money, (b) all obligations of such Person evidenced by bonds, debentures, notes or similar instruments, (c) all obligations of such Person under conditional sale or other title retention
agreements relating to property acquired by such Person, (d) all obligations of such Person in respect of the deferred purchase price of property or services, (e) all Indebtedness of others secured by (or for which the holder of such
Indebtedness has an existing right, contingent or otherwise, to be secured by) any Lien on property owned or acquired by such Person, whether or not the Indebtedness secured thereby has been assumed, (f) all Guarantees by such Person of
Indebtedness of others, (g) all Capital Lease Obligations of such Person, and (h) all obligations, contingent or otherwise, of such Person as an account party in respect of letters of credit, letters of guaranty and banker’s
acceptances; provided, however, that Indebtedness of any Person shall not include (i) trade payables, (ii) any obligations of such Person incurred in connection with letters of credit, letters of guaranty or similar instruments
obtained or created in the ordinary course of business to support obligations of such Person that do not constitute Indebtedness or (iii) endorsements of checks, bills of exchange and other instruments for deposit or collection in the ordinary
course of business. 
 “Indemnified Taxes” means (a) Taxes, other than Excluded Taxes, imposed on or with
respect to any payment made by or on account of any obligation of the Company under any Loan Document and (b) to the extent not otherwise described in clause (a), Other Taxes. 

“Indemnitee” shall have the meaning ascribed to it in Section 9.03(b). 

“Information” shall have the meaning ascribed to it in Section 9.13. 

“Interest Election Request” means a request by the Company to convert or continue a Borrowing in accordance with
Section 2.06. 
 “Interest Payment Date” means (a) with respect to any ABR Loan, the last day of each
March, June, September and December, and (b) with respect to any
EurodollarSOFR
 Loan, the last day of the Interest Period applicable to the Borrowing of which such Loan is a part and, in the case
of a Eurodollar Borrowing with an Interest Period of more than three months’ duration, each day prior to the last day of such Interest Period that occurs at intervals of three months’ duration after the first day of such Interest
Period..
 
 “Interest Period” means, with respect to any EurodollarSOFR Borrowing, the period commencing on the date of such Borrowing and ending on the numerically corresponding day in the calendar month that is 7 days (if generally available), or one, two, or three or six months thereafter, as the Company may elect;
provided, that (a) if any Interest Period would end on a day other than a Business Day, such Interest Period shall be extended to the next succeeding Business Day unless such next succeeding Business Day would fall in the next calendar
month, in which case such Interest Period shall end on the
nextimmediately
 preceding Business Day, (b) any Interest Period of one month or more that commences on the last Business Day of a calendar month (or on a day for which there is no numerically corresponding
day in the last calendar month of such Interest Period) shall end on the last Business Day of the last calendar month of such Interest Period, (c) no Interest Period may be selected that would extend beyond any Commitment Reduction Date unless
the sum of (x) the aggregate principal amount of all
EurodollarSOFR
 Borrowings that would have an Interest Period ending after such Commitment Reduction Date plus (y) the LC Exposure shall not exceed the aggregate Commitments scheduled to be in

  
 13 

 
effect immediately after giving effect to such reduction of the Commitments on such Commitment Reduction Date
and, (d) any Interest Period that otherwise
would extend beyond the Maturity Date shall end on the Maturity Date, and (e) no tenor that has been
removed from this definition pursuant to Section 2.19(d) shall be available for specification in any Borrowing Request or Interest Election Request. For purposes hereof, the date of a
Borrowing initially shall be the date on which such Borrowing is made and thereafter shall be the effective date of the most recent conversion or continuation of such Borrowing. 

“ISDA” means the International Swaps and Derivatives Association, Inc. and any successor thereto. 

“ISDA Credit Event” means the occurrence of a “Credit Event” (as defined in the 2014 Credit Derivatives
Definitions) in connection with a “Bankruptcy” (as defined in Section 4.2 of the 2014 Credit Derivatives Definitions) or a “Failure to Pay” (as defined in Section 4.5 of the 2014 Credit Derivatives Definitions), taking
into account Section 4.1 of the 2014 Credit Derivatives Definitions, with respect to the Company as the “Reference Entity”, in either case, as determined by the Determinations Committee or as triggered by the delivery to a Lender (or
any of its Affiliates) of a “Credit Event Notice” (as defined in the 2014 Credit Derivatives Definitions) by a counterparty to a credit default swap referencing the Company as the “Reference Entity” (as defined in the 2014 Credit
Derivatives Definitions) entered into by such Lender (or any of its Affiliates). 
 “ISDA Definitions”
means the 2006 ISDA Definitions published by the International Swaps and Derivatives Association, Inc. or any successor thereto, as amended or supplemented from time to time, or any successor definitional booklet for interest rate derivatives
published from time to time by the International Swaps and Derivatives Association, Inc. or such successor thereto. 
 “Issuance
Notice” has the meaning assigned to such term in Section 2.04(b). 
 “Issuing Bank” has the
meaning ascribed to it in the preamble to this Agreement. 
 “LC Disbursement” means a payment made by the Issuing
Bank pursuant to the Letter of Credit. 
 “LC Exposure” means, at any time, the sum of (a) the undrawn amount
of the Letter of Credit at such time plus (b) the aggregate amount of all LC Disbursements that have not yet been reimbursed by or on behalf of the Company or financed as an ABR Borrowing pursuant to Section 2.04(e) at such time. The LC
Exposure of any Lender at any time shall be its Applicable Percentage of the total LC Exposure at such time. 
 “Lender Funding
Supplement” means, (a) with respect to any Borrowing under Section 2.03 with respect to which the Company has accepted the rate provided by the Administrative Agent, the rate per annum, not to exceed the Goldman CDS Spread,
offered by the Administrative Agent with respect to such Borrowing and (b) otherwise, the Goldman CDS Spread. As used in this definition, “Goldman CDS Spread” means Goldman’ five-year offer-side credit default swap
spread (as obtained by the Administrative Agent from the Markit Group Limited website) (a) in the case of any Eurodollar RateSOFR Loan, on the date two U.S. Government Securities Business Days prior to the first day of the
Interest Period for such Eurodollar
RateSOFR Loan, and (b) in the case of any ABR
Loan, on the day that such ABR Loan is made (each day described in clauses (a) and (b) being a “Determination Date”). The Administrative Agent will determine the Goldman CDS Spread for each Loan no later than 11:00
a.m. New York time on the Determination Date applicable to such Loan; provided, however, that in the event that the Goldman CDS Spread for such Loan is not available from Markit Group Limited on the Determination Date applicable to such Loan,
the Goldman CDS Spread will be Goldman’s five-year 

  
 14 

 
offer-side credit default swap spread as determined by the Administrative Agent on the basis of quotations from leading dealers in the market for credit default swaps selected by the mutual
agreement of the Administrative Agent and the Company. The Administrative Agent shall use commercially reasonable efforts to obtain at least three quotations for such credit default swap spread on such Determination Date and, if two or more
quotations are obtained, the Goldman CDS Spread for such Loan shall be the arithmetic average of such quotations. If only one quotation is obtained and, in the Administrative Agent’s good faith judgment, such quotation is a reasonable value for
such credit default swap spread, the Goldman CDS Spread for such Loan shall be such quotation. If the Goldman CDS Spread for any Loan cannot be determined pursuant to the preceding provisions of this definition, the Administrative Agent and the
Company shall use commercially reasonable efforts to promptly agree on an alternative method of determination. If no alternative method is agreed on within 30 days after the Determination Date, the Goldman CDS Spread shall be reasonably determined
by the Administrative Agent using customary investment banking conventions and the Administrative Agent will provide the Company with the calculation in reasonable detail of such Goldman CDS Spread. 

“Lenders” means the Persons listed on Schedule 2.01 (as such schedule may be amended from time to time) and any other
Person that shall have become a party hereto pursuant to an Assignment and Acceptance, other than any such Person that ceases to be a party hereto pursuant to an Assignment and Acceptance. The term “Lenders” shall also include the Issuing
Bank where the context requires or permits such inclusion. 
 “Letter of Credit” has the meaning assigned to that
term in Section 2.04(a). 
 “LIBO
Rate” means, with respect to each Interest Period, the rate per annum determined by the Administrative Agent to be the offered rate for deposits in dollars with a term comparable to such Interest Period that appears on the Reuters
Screen LIBOR01 Page at approximately 11:00 a.m., London time, two Business Days prior to the beginning of such Interest Period; provided, however, that if at any time for any reason such offered rate does not appear on the Reuters Screen
LIBOR01 Page, “LIBO Rate” shall mean, with respect to each day during each Interest Period, the rate per annum (rounded upward to the nearest 1/100 of 1%) at which dollar deposits of $5,000,000 and for a maturity comparable
to such Interest Period are offered by the principal London office of GS Bank or any of its Affiliates in immediately available funds in the London interbank market at approximately 11:00 a.m., London time, two Business Days prior to the beginning
of such Interest Period. In the event the LIBO Rate is determined as set forth in the next preceding sentence, the LIBO Rate shall be determined by the Administrative Agent on the basis of the applicable rates furnished to and received by the
Administrative Agent from GS Bank or any of its Affiliates on the second Business Day prior to the commencement of such Interest Period. 

“LIBOR” means the rate at which
dollar deposits are offered by leading banks in the London interbank deposit market. 

“Lien” means, with respect to any asset, any mortgage, lien, pledge, charge, security interest or encumbrance of any
kind in respect of such asset. For the purposes of this Agreement, the Company or any Subsidiary shall be deemed to own subject to a Lien any asset which it has acquired or holds subject to the interest of a vendor or lessor under any conditional
sale agreement, capital lease or other title retention agreement relating to such asset. 
 “Loan Documents” means,
collectively, this Agreement, any Note, the Reimbursement Agreement, the Issuance Notice for the Letter of Credit and the Fee Letter and all renewals, extensions, or restatements of, or amendments or supplements to, any of the foregoing. 

  
 15 

 “Loans” means the loans made by the Lenders to the Company pursuant
to Sections 2.03 and 2.04(e). 
 “Margin Stock” shall have the meaning provided in Regulation U. 

“Material Adverse Effect” means an event or circumstance that constitutes a material adverse effect on (a) the
business, operations or financial condition of the Company and the Subsidiaries taken as a whole, (b) the ability of the Company to perform any of its material obligations under this Agreement or (c) the legality, validity, binding effect
or enforceability against the Company of this Agreement; provided, however that any event or circumstance related to any public nuisance claim in the State of California so long as the aggregate amounts in respect of any judgment, settlement
or other payment pursuant to an agreement related thereto do not exceed $1,150,000,000 shall not constitute a “Material Adverse Effect” hereunder. 

“Material Subsidiary” means, at any time, (a) each Subsidiary that would be a “significant subsidiary”
within the meaning of Rule 1-02 under Regulation S-X promulgated by the SEC and (b) each other Subsidiary designated as a “designated subsidiary” by the Company. The Company will designate one or more Subsidiaries as “designated
subsidiaries” when and as necessary in order that there will at no time be two or more Subsidiaries that are not Material Subsidiaries under the preceding sentence but that, if considered together as a single Subsidiary, would cause the total
for all such Subsidiaries to exceed 20% of either (i) Consolidated Total Assets at such time or (ii) Consolidated Net Revenue for the period of four calendar quarters ended at or most recently prior to such time. 

“Maturity Date” means June 20, 2026; provided, however, that (i) with respect to the
Commitments in the aggregate principal amount of $250,000,000175,000,000
, the Maturity Date shall mean December 20, 2022, (ii) with respect to the Commitments in the aggregate
principal amount of $125,000,000, the Maturity Date shall
mean June 20, 2023, (iii) with respect to the Commitments in the aggregate principal amount of
$75,000,000, the Maturity Date shall mean June 20, 2025, (iv) with respect to the Commitments in the aggregate principal amount of $125,000,000, the Maturity Date shall mean
June 20, 2026, and
(ivv
) with respect to the Commitments in the aggregate principal
amount of $125,000,000, the Maturity Date shall mean December 20, 2026. 

“Maximum Rate” has the meaning ascribed to it in Section 9.14. 

“Note” has the meaning ascribed to it in Section 2.08(e). 

“NYFRB” means the Federal Reserve Bank of New York. 

“Obligations” means all present and future indebtedness, reimbursement obligations, other obligations, and
liabilities, and all renewals, extensions, and modifications thereof, owed to the Administrative Agent, the Issuing Bank and the Lenders, or any or some of them, by the Company, arising pursuant to any Loan Document, together with all interest
thereon and costs, expenses, and reasonable and documented attorneys’ fees incurred in the enforcement or collection thereof, to the extent required to be paid by the Company under the Loan Documents. 

“OFAC” means the Office of Foreign Assets Control of the United States Department of the Treasury. 

“Other Connection Taxes” means, 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). 

  
 16 

 “Other Taxes” means 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 2.17). 

“Overnight
 Rate” means, for any day, with respect to any amount denominated in dollars, the greater of (a) the Federal Funds Effective Rate and (b) an overnight rate determined by the Administrative Agent in accordance with banking
industry rules on interbank compensation. 
 “Participant” has the meaning ascribed to it in Section 9.04(e). 

“Payment
 Recipient” has the meaning assigned to such term in Section 9.17(a). 

“ParticipantPeriodic Term SOFR Determination Day” has the meaning ascribed to it in
Section 9.04(e)specified in the definition of “Term
SOFR”.

 “Permitted Liens” means, with respect to any Person, 

(a) pledges or deposits by such Person under worker’s compensation laws, unemployment insurance laws or similar legislation, laws or
regulations, or good faith deposits in connection with bids, tenders, contracts (including government contracts, but excluding contracts for the payment of Indebtedness) or leases to which such Person is a party, or deposits to secure public or
statutory obligations of such Person or deposits of cash or United States government bonds to secure performance, surety or appeal bonds to which such Person is a party or which are otherwise required of such Person, or deposits as security for
contested taxes or import duties or for the payment of rent or other obligations of like nature, in each case incurred in the ordinary course of business; 

(b) Liens imposed by law, such as carriers’, warehousemen’s, repairmen’s, laborers, materialmen’s, landlords’,
vendors’, workmen’s, operators’, producers mechanics’ and other like Liens, in each case (i) for sum that are not yet due, (ii) that do not materially detract from such Person’s assets or materially impair the use
thereof or (iii) being contested in good faith by appropriate proceedings; 
 (c) Liens for taxes, assessments and other governmental
charges or levies not yet delinquent by more than 30 days or which are being contested in good faith by appropriate proceedings; 
 (d)
survey exceptions, encumbrances, easements, defects, irregularities, or deficiencies in title to easements, or reservations of or with respect to, or rights of others for or with respect to, licenses, rights-of-way, sewers, electric and other
utility lines and usages, telegraph and telephone lines, pipelines, surface use, operation of equipment, permits, servitudes and other similar matters, or zoning or other restrictions as to the use of real property or Liens incidental to the conduct
of the business of such Person or to the ownership of its properties which, in all such cases, were not incurred in connection with Indebtedness and which do not in the aggregate materially adversely affect the value of said properties or materially
impair their use in the operation of the business of such Person; 

  
 17 

 (e) Liens existing on or provided for under the terms of agreements existing on the date of
this Agreement (including, without any limitation, any Liens that arise under the Existing Credit Agreement and the Reimbursement Agreement); 

(f) Liens on property at the time the Company or any of its Subsidiaries acquired the property or the entity owning such property, including
any acquisition by the property or the entity owning such property, including any acquisition by means of a merger or consolidation with or into the Company; provided, however, that any such Lien may not extend to any other property owned by
the Company or any of its Subsidiaries; 
 (g) Liens securing obligations under a Hedging Agreement so long as such Hedging Agreement is of
the type customarily entered into in connection with, and is entered into for the purpose of, limiting risk; 
 (h) Liens on accounts
receivable or inventory securing working capital or revolving credit indebtedness in an aggregate amount not to exceed $300,000,000 or otherwise consistent with past practice; 

(i) Purchase Money Liens; 
 (j)
Liens securing only Indebtedness of a wholly owned subsidiary of the Company to the Company or one or more wholly owned subsidiaries of the Company; 

(k) Liens on property or shares of stock of another Person at the time such other Person becomes a Subsidiary of such Person; provided,
however, that such Liens are not created, incurred or assumed in connection with, or in contemplation of, such other Person becoming such a Subsidiary of such Person; 

(l) Liens created, assumed or existing in connection with a tax-free financing; 

(m) Liens resulting from the deposit of funds or evidences of Indebtedness in trust for the purpose of defeasing Indebtedness of the Company or
any of its Subsidiaries; 
 (n) legal or equitable encumbrances deemed to exist by reason of negative pledges or the existence of any
litigation or other legal proceeding and any related lis pendens filing (excluding any attachment prior to judgment, judgment lien or attachment lien in aid of execution on a judgment); 

(o) rights of a common owner of any interest in property held by such Person; 

(p) Liens placed upon any real property now owned or hereafter acquired by the Company or any of its Subsidiaries securing Indebtedness in an
amount up to 80% of the fair market value of such real property; 
 (q) Liens in favor of the United States of America or any department or
agency thereof, or in favor of any state government or political subdivision thereof, or in favor of a prime contractor under a government contract of the United States, or of a state government or political subdivision thereof, in each case
resulting from the acceptance of partial, progress, advance or other payments in the ordinary course of business under government contracts of the United States, or of a state government or political subdivision thereof, or subcontracts thereunder;

  
 18 

 (r) judgment Liens (other than any Liens securing one or more judgments for the payment of
money in an aggregate amount in excess of $100,000,000 and not covered by insurance and the same shall remain undischarged for a period of 60 consecutive days during which execution shall not be effectively stayed, vacated or bonded pending appeal)
or any judgment Liens related to any public nuisance claim litigation in the state of California so long as the aggregate judgments in respect thereof do not exceed $1,150,000,000; 

(s) Liens on property or assets of the Company or any Subsidiary in favor of the Company or any Subsidiary; 

(t) Liens arising from any synthetic lease transaction pursuant to which the Company or any Subsidiary is a lessee; 

(u) Liens provided for or in connection with this Agreement; 

(v) any Lien that constitutes a “Permitted Encumbrance” under the Existing Credit Agreement; and 

(w) Liens to secure any refinancing, refunding, extension, renewal or replacement (or successive refinancings, refundings, extensions, renewals
or replacements), as a whole, or in part, of any Indebtedness secured by any Lien referred to in the foregoing clauses; provided, however, that (i) such new Lien shall be limited to all or part of the same property that secured the
original Lien (plus improvements on such property) unless such additional Liens are otherwise permitted pursuant to this Section and (ii) the Indebtedness secured by such Lien at such time is not increased to any amount greater than the
sum of (A) the outstanding principal amount or, if greater, committed amount of the Indebtedness described under clauses (e) through (l), (p), (q), (s) and (t) at the time the original Lien became a Permitted Lien under this
Agreement and (B) an amount necessary to pay any fees and expenses, including premiums, related to such refinancing, refunding, extension, renewal or replacement. 

“Person” means any natural person, corporation, limited liability company, trust, joint venture, association, company,
partnership, Governmental Authority or other entity. 
 “Prime Rate” means the rate of interest published by The
Wall Street Journal as being the prime rate for that day; provided that if the Prime Rate shall be less than zero, such rate shall be deemed to be zero for purposes of this Agreement. The Prime Rate is a reference rate and does not
necessarily represent the lowest or best rate actually charged to any customer by GS Bank. The Administrative Agent or any Lender may make commercial loans or other loans at, above or below the Prime Rate. 

“Principal Property” means any manufacturing plant or manufacturing facility, located within the United States of
America (other than its territories and possessions), owned or leased by the Company or any Restricted Subsidiary, unless, in the opinion of the board of directors of the Company, such plant, facility or property is not of material importance to the
total business conducted by the Company and its Restricted Subsidiaries as an entirety. 
 “Prior Credit Agreement”
has the meaning ascribed to it in the preamble of this Agreement. 
 “Purchase Money Lien” means a Lien on property
securing Indebtedness incurred by the Company or its Subsidiaries to provide funds for all or any portion of the cost of acquiring, constructing, altering, expanding, improving or repairing such property or assets used in connection with such
property. 
 “Recipient” means the Administrative Agent, any Lender or any other recipient of any payment to be made
by or on account of any obligation of the Company hereunder. 

  
 19 

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

“Register” has the meaning ascribed to it in Section 9.04(c). 

“Regulation D” means Regulation D of the Board, as the same is from time to time in effect, and all official rulings
and interpretations thereunder or thereof. 
 “Regulation U” means Regulation U of the Board, as the same is from
time to time in effect, and all official rulings and interpretations thereunder or thereof. 
 “Regulation X” means
Regulation X of the Board, as the same is from time to time in effect, and all official rulings and interpretations thereunder or thereof. 

“Reimbursement Agreement” means that certain Amended and Restated Continuing Agreement for Standby Letters of Credit,
dated as of the date hereof, between GS Bank and the Company, as amended, modified or supplemented from time to time. 
 “Related
Parties” means, with respect to any specified Person, such Person’s Affiliates and the respective directors, officers, employees, agents and advisors of such Person and such Person’s Affiliates. 

“Relevant Governmental Body” means the Federal Reserve Board or the Federal Reserve Bank of New York, or a committee
officially endorsed or convened by the Federal Reserve Board or the Federal Reserve Bank of New York, or any successor thereto. 

“Required Lenders” means, (a) at any time prior to the termination of the Commitments pursuant to Article VII,
Lenders having Total Exposures and unused Commitments representing more than 50% of the aggregate Total Exposures and unused Commitments at such time, and (b) for all purposes after the termination of the Commitments pursuant to Article VII,
Lenders having outstanding Loans and LC Exposures representing more than 50% of the aggregate outstanding principal amount of Loans and LC Exposures. For the avoidance of doubt, on the date hereof, the term “Required Lenders”
means GS Bank. 
 “Resolution Authority” means an EEA Resolution Authority or, with respect to any UK Financial
Institution, a UK Resolution Authority. 
 “Restricted Subsidiary” means at any time any Subsidiary of the Company
(i) substantially all the property of which is located, or substantially all of the business of which is carried on, within the United States of America (other than its territories or possessions) and (ii) which owns or leases a Principal
Property. 
 “Reuters Screen LIBOR01
Page” means the Reuters Screen LIBOR01 Page (or such other page as may replace such page on such service for the purpose of displaying the rates at which dollar deposits are offered by leading banks in the London interbank deposit
market). 
 “Sanctions” means economic or financial
sanctions, requirements or trade embargoes imposed, administered or enforced from time to time by (a) the U.S. government, including those administered by the OFAC, the U.S. Department of State, or the U.S. Department of Commerce, or
(b) the United Nations Security Council, the European Union, any European Union member state or Her Majesty’s Treasury of the United Kingdom. 

  
 20 

 “SEC” means the Securities and Exchange Commission. 

“SOFR” means, with respect to any
Business Day, a rate per annum equal to the
secured overnight financing rate for such Business Day
publishedas administered by the SOFR
Administrator on the SOFR Administrator’s Website at approximately 8:00 a.m. (New York City time) on the immediately succeeding Business
Day..
 
 “SOFR Administrator” means the Federal Reserve Bank of
New York (or a successor administrator of the secured overnight financing rate). 
 “SOFR Borrowing” means, as to any Borrowing, the SOFR Loans comprising such Borrowing. 

“SOFR
 Loan” means a Loan that bears interest at a rate based on Adjusted Term SOFR.  

“SOFR Administrator’s
Website” means the website of the Federal Reserve Bank of New York, currently at http://www.newyorkfed.org, or any successor source for the secured overnight financing rate identified as such by the SOFR Administrator from time
to time. 
 “Statutory Reserve Rate” means a fraction (expressed as a decimal), the numerator of which is the number one and the denominator of which is the
number one minus the aggregate of the maximum reserve percentages (including any marginal, special, emergency or supplemental reserves) expressed as a decimal established by the Board to which the Administrative Agent is subject for eurocurrency
funding (currently referred to as “Eurocurrency Liabilities” in Regulation D of the Board). Such reserve percentages shall include those imposed pursuant to such Regulation D. Eurodollar Loans shall be deemed to constitute eurocurrency
funding and to be subject to such reserve requirements without benefit of or credit for proration, exemptions or offsets that may be available from time to time to any Lender under such Regulation D or any comparable regulation. The Statutory
Reserve Rate shall be adjusted automatically on and as of the effective date of any change in any reserve percentage. 

“Subordinated Indebtedness” means, with respect to any Person, any Indebtedness of such Person if the instrument
creating or evidencing such Indebtedness or pursuant to which such Indebtedness is outstanding expressly provides that such Indebtedness is subordinated, in right of payment to the Obligations in form and substance reasonably satisfactory to the
Administrative Agent. 
 “subsidiary” means, with respect to any Person (the “parent”) at
any date, any corporation, limited liability company, partnership, association or other entity the accounts of which would be consolidated with those of the parent in the parent’s consolidated financial statements if such financial statements
were prepared in accordance with GAAP, as well as any other corporation, limited liability company, partnership, association or other entity of which securities or other ownership interests representing more than 50% of the equity or more than 50%
of the ordinary voting power or, in the case of a partnership, more than 50% of the general partnership interests are, as of such date, owned by the parent or one or more subsidiaries of the parent or by the parent and one or more subsidiaries of
the parent. 
 “Subsidiary” means any subsidiary of the Company. 

“Taxes” means 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. 

  
 21 

“Term
 SOFR” means, for any calculation with respect to a SOFR Loan, the Term SOFR Reference Rate for a tenor comparable to the applicable Interest Period on the day (such day, the “Periodic Term SOFR Determination
Day”) that is two (2) U.S. Government Securities Business Days prior to the first day of such Interest Period, as such rate is published by the Term SOFR Administrator; provided, however, that if as of 5:00 p.m. (New
York City time) on any Periodic Term SOFR Determination Day the Term SOFR Reference Rate for the applicable tenor has not been published by the Term SOFR Administrator and a Benchmark Replacement Date with respect to the Term SOFR Reference Rate has
not occurred, then Term SOFR will be the Term SOFR Reference Rate for such tenor as published by the Term SOFR Administrator on the first preceding U.S. Government Securities Business Day for which such Term SOFR Reference Rate for such tenor was
published by the Term SOFR Administrator so long as such first preceding U.S. Government Securities Business Day is not more than three (3) U.S. Government Securities Business Days prior to such Periodic Term SOFR Determination Day;
provided, further, that if Term SOFR determined as provided above (including pursuant to the proviso above) shall ever be less than the Floor, then Term SOFR shall be deemed to be the Floor.  

“Term
 SOFR Adjustment” means a percentage equal to 0.10% per annum. 

“Term
 SOFR Administrator” means CME Group Benchmark Administration Limited (CBA) (or a successor administrator of the Term SOFR Reference Rate selected by the Administrative Agent in its reasonable discretion). 
 “Term SOFR” means, for the applicable Corresponding Tenor as of the applicable Reference Time, Reference Rate” means the forward-looking term rate
based on SOFR that has been selected or recommended by the Relevant Governmental Body. 

“Total Exposure” means, with respect to any Lender at any time, the sum of the outstanding principal amount of such
Lender’s Loans and its LC Exposure at such time. 
 “Transactions” means each of the execution, delivery and
performance by the Company of this Agreement and the other Loan Documents, the borrowing of Loans hereunder, the issuance and any modification of the Letter of Credit for the account of the Company hereunder and the use of proceeds thereof. 

“Type”, when used in reference to any Loan or Borrowing, refers to whether the rate of interest on such Loan, or on
the Loans comprising such Borrowing, is determined by reference to the Adjusted LIBO RateTerm SOFR or the Alternate Base Rate. 

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

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

  
 22 

 “USA Patriot Act” means Title III of Pub. L. 107-56 (signed into Law
October 26, 2001). 
 “USD
LIBOR” means the London interbank offered rate for U.S. dollars. 

“U.S.
 Government Securities Business Day” means any day except for (a) a Saturday, (b) a Sunday or (c) a day on which the Securities Industry and Financial Markets Association recommends that the fixed income departments of
its members be closed for the entire day for purposes of trading in United States government securities. 

“U.S. Person” means any Person that is a “United States Person” as defined in Section 7701(a)(30) of
the Code. 
 “U.S. Tax Compliance Certificate” has the meaning specified in Section 2.15(e)(ii)(B)(3). 

“Withholding Agent” means the Company or the Administrative Agent, as applicable. 

“Write-Down and Conversion Powers” means, (a) with respect to any EEA Resolution Authority, the write-down and
conversion powers of such EEA Resolution Authority from time to time under the Bail-In Legislation for the applicable EEA Member Country, which write-down and conversion powers are described in the EU Bail-In Legislation Schedule, and (b) with
respect to the United Kingdom, any powers of the applicable Resolution Authority under the Bail-In Legislation to cancel, reduce, modify or change the form of a liability of any UK Financial Institution or any contract or instrument under which that
liability arises, to convert all or part of that liability into shares, securities or obligations of that person or any other person, to provide that any such contract or instrument is to have effect as if a right had been exercised under it or to
suspend any obligation in respect of that liability or any of the powers under that Bail-In Legislation that are related to or ancillary to any of those powers. 

SECTION 1.02 Terms Generally. 

The definitions of terms herein shall apply equally to the singular and plural forms of the terms defined. Whenever the context may require,
any pronoun shall include the corresponding masculine, feminine and neuter forms. The words “include”, “includes” and “including” shall be deemed to be followed by the phrase “without limitation”. The word
“will” shall be construed to have the same meaning and effect as the word “shall”. Unless the context requires otherwise (a) any definition of or reference to any agreement, instrument or other document herein shall be
construed as referring to such agreement, instrument or other document as from time to time amended, amended and restated, supplemented or otherwise modified, (b) any reference herein to any Person shall be construed to include such
Person’s permitted successors and assigns, (c) any reference herein to any applicable law means such applicable law as amended, amended and restated, modified, codified, replaced, or reenacted, in whole or in part, and in effect from time
to time, including rules and regulations promulgated thereunder, and reference to any Section or other provision of any applicable law means that Section or provision of such applicable law from time to time in effect and any amendment,
modification, codification, replacement, or reenactment of such Section or other provision, (d) the words “herein”, “hereof” and “hereunder”, and words of similar import, shall be construed to refer to this
Agreement in its entirety and not to any particular provision hereof, (e) 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 (f) the words “asset” and “property” shall be construed to have the same meaning and effect and to refer to any and all tangible and intangible assets and properties, including cash, securities, accounts and contract
rights. 

  
 23 

 SECTION 1.03 Accounting Terms; GAAP. 

Except as otherwise expressly provided herein, all terms of an accounting or financial nature shall be construed in accordance with GAAP, as in
effect from time to time; provided that, if the Company notifies the Administrative Agent that the Company requests an amendment to any provision hereof to eliminate the effect of any change occurring after the date hereof in GAAP or in the
application thereof on the operation of such provision (or if the Administrative Agent notifies the Company that the Required Lenders request an amendment to any provision hereof for such purpose), regardless of whether any such notice is given
before or after such change in GAAP or in the application thereof, then such provision shall be interpreted on the basis of GAAP as in effect and applied immediately before such change shall have become effective until such notice shall have been
withdrawn or such provision is amended in accordance herewith. Notwithstanding anything to the contrary contained in Section 1.03 or in the definition of “Capital Lease Obligations,” in the event of an accounting change requiring all
leases to be capitalized, only those leases (assuming for purposes hereof that such leases were in existence on the date hereof) that would constitute capital leases in conformity with GAAP on September 11, 2017 shall be considered capital
leases, and all calculations and deliverables under this Agreement or any other Loan Document shall be made or delivered, as applicable, in accordance therewith. 

SECTION 1.04 Amendment and Restatement of Prior Credit Agreement. 

This Agreement amends and restates the Prior Credit Agreement, and on and after the Effective Date, each reference in any “Loan
Document” (as defined in Prior Credit Agreement) to “the Credit Agreement”, “therein”, “thereof”, “thereunder” or words of similar import when referring to the Prior Credit Agreement shall mean, and shall
hereafter be a reference to, the Prior Credit Agreement, as amended and restated by this Agreement. The execution and delivery of this Agreement shall not serve to effect a novation of the obligations owing to the Lenders or the Issuing Bank under
the Prior Credit Agreement based on facts or events occurring or existing prior to the execution and delivery of this Agreement. 
 SECTION 1.05 Rates. 

The
Administrative Agent does not warrant or accept responsibility for, and shall not have any liability with respect to (a) the continuation of, administration of, submission of, calculation of or any other matter related to ABR, the Alternate
Base Rate, the Term SOFR Reference Rate, Adjusted Term SOFR or Term SOFR, or any component definition thereof or rates referred to in the definition thereof, or any alternative, successor or replacement rate thereto (including any Benchmark
Replacement), including whether the composition or characteristics of any such alternative, successor or replacement rate (including any Benchmark Replacement) will be similar to, or produce the same value or economic equivalence of, or have the
same volume or liquidity as, ABR, the Alternate Base Rate, the Term SOFR Reference Rate, Adjusted Term SOFR, Term SOFR or any other Benchmark prior to its discontinuance or unavailability, or (b) the effect, implementation or composition of any
Conforming Changes. The Administrative Agent and its affiliates or other related entities may engage in transactions that affect the calculation of ABR, the Alternate Base Rate, the Term SOFR Reference Rate, Term SOFR, Adjusted Term SOFR, any
alternative, successor or replacement rate (including any Benchmark Replacement) or any relevant adjustments thereto, in each case, in a manner adverse to the Company. The Administrative Agent may select information sources or services in its
reasonable discretion to ascertain ABR, the Alternate Base Rate, the Term SOFR Reference Rate, Term SOFR, Adjusted Term SOFR or any other Benchmark, in each case pursuant to the terms of this Agreement, and shall have no liability to the Company,
the Issuing Bank, any Lender or any other person or entity for damages of any kind, including direct or indirect, special, punitive, incidental or consequential damages, costs, losses or expenses (whether in tort, contract or otherwise and whether at law or in equity), for any error or calculation of any such rate (or
component thereof) provided by any such information source or service. 

  
 24 

 ARTICLE II 

THE CREDITS 

SECTION 2.01 Commitments. Subject to the terms and conditions set forth herein and without limiting each Lender’s obligation
to make Loans pursuant to Section 2.04, each Lender agrees to make Loans to the Company from time to time during the Availability Period and to participate in the Letter of Credit in an aggregate principal amount not exceeding the amount of
such Lender’s Commitment; provided, that after giving effect to each Credit Event (a) no Lender’s Total Exposure shall exceed such Lender’s Commitment, and (b) the sum of the Total Exposures of all the Lenders shall
not exceed the sum of the Commitments of all Lenders. Within the foregoing limits and subject to the terms and conditions set forth herein, the Company may borrow, prepay and reborrow Loans and request the issuance, renewal, amendment, extension,
decrease and increase of the Letter of Credit and refinance LC Disbursements with Borrowings. 
 SECTION 2.02 Loans and
Borrowings. 
 (a) Each Loan shall be made as part of a Borrowing consisting of Loans made by the Lenders, ratably in accordance with
their respective Commitments. The failure of any Lender to make any Loan required to be made by it shall not relieve any other Lender of its obligations hereunder; provided that the Commitments of the Lenders are several, and no Lender shall
be responsible for any other Lender’s failure to make Loans as required. 
 (b) Subject to Sections 2.04(e) and 2.12, each Borrowing
shall be comprised entirely of ABR Loans or
EurodollarSOFR
 Loans as the Company may request in accordance herewith and shall be in dollars. Each Lender at its option may make any Loan by causing any domestic or foreign branch or Affiliate of such Lender to make
such Loan; provided that any exercise of such option shall not affect the obligation of the Company to repay such Loan in accordance with the terms of this Agreement and shall not be inconsistent with the duty of such Lender under
Section 2.17(a) to minimize the amounts payable by the Company under Section 2.13 or 2.15. 
 (c) At the commencement of
each Interest Period for any
EurodollarSOFR
 Borrowing, such Borrowing shall be in an aggregate amount that is an integral multiple of $1,000,000 and not less than $10,000,000. At the time that each ABR Borrowing is made, such Borrowing shall be in an
aggregate amount that is an integral multiple of $1,000,000 and not less than $10,000,000; provided that an ABR Borrowing may be in an aggregate amount that is equal to the entire unused balance of the total Commitments or that is required to
finance the reimbursement of an LC Disbursement as contemplated by Section 2.04. Borrowings of more than one Type may be outstanding at the same time; provided that there shall not at any time be more than a total of five outstanding
EurodollarSOFR
 Borrowings. 
 SECTION 2.03 Requests for Borrowings. To request a
Borrowing, except as otherwise provided with respect to Loans to be made pursuant to Section 2.04(e), the Company shall notify the Administrative Agent of such request by telephone or email (a) in the case of a EurodollarSOFR Borrowing, not later than 11:00 a.m., New York City time, three U.S.
Government Securities Business Days before the date of the proposed Borrowing or (b) in the case of an ABR Borrowing, not later than 11:00 a.m., New York City time, on the Business Day of the
proposed Borrowing. Each such telephonic or email Borrowing Request shall be irrevocable and shall be confirmed promptly by delivery or telecopy to the Administrative Agent at its office set forth in Section 9.01 of a written Borrowing Request
in a form approved by the Administrative Agent and signed by the Company. Each such telephonic, email and written Borrowing Request shall specify the following information in compliance with Section 2.02: 

  
 25 

 (i) the aggregate amount of the requested Borrowing; 

(ii) the date of such Borrowing, which shall be a Business Day; 

(iii) whether such Borrowing is to be an ABR Borrowing or a EurodollarSOFR Borrowing; 
 (iv) in the case of a EurodollarSOFR Borrowing, the initial Interest Period to be applicable thereto, which shall be a period contemplated by the definition of the term “Interest Period”; and 

(v) the location and number of the Company’s account to which funds are to be disbursed, which shall comply with the
requirements of Section 2.05. 
 If no election as to the Type of Borrowing is specified, then the requested Borrowing shall be an ABR Borrowing. If no
Interest Period is specified with respect to any requested
EurodollarSOFR
 Borrowing, then the Company shall be deemed to have selected an Interest Period of one month’s duration. Promptly following receipt of a Borrowing Request in accordance with this Section, the
Administrative Agent shall advise each Lender of the details thereof and of the amount of such Lender’s Loan to be made as part of the requested Borrowing. 

SECTION 2.04 The Letter of Credit. 

(a) General. Subject to the terms and conditions set forth herein, the Issuing Bank agrees to issue and amend (including, without
limitation, to increase or decrease the stated amount of or extension of the expiry of the Letter of Credit) at the request of the Company and for the account of the Company, a standby letter of credit substantially in the form of Exhibit E or in
such other form as may be reasonably acceptable to the Issuing Bank and the Company (the “Letter of Credit”), at any time and from time to time from the Effective Date until the date that is one Business Day prior to the
Maturity Date. The Issuing Bank shall not be under any obligation to issue the Letter of Credit if any order, judgment or decree of any Governmental Authority or arbitrator binding upon the Issuing Bank shall by its terms purport to enjoin or
restrain the Issuing Bank from issuing the Letter of Credit, or any law, rule, regulation or orders of any Governmental Authority applicable to the Issuing Bank or any request or directive (whether or not having the force of law) from any
Governmental Authority with jurisdiction over the Issuing Bank shall prohibit, or request that the Issuing Bank refrain from, the issuance of letters of credit generally or the Letter of Credit in particular or shall impose upon the Issuing Bank
with respect to the Letter of Credit any restriction, reserve or capital requirement (for which the Issuing Bank is not otherwise compensated hereunder) not in effect on the date hereof, or shall impose upon the Issuing Bank any unreimbursed loss,
cost or expense that was not applicable on the date hereof and that the Issuing Bank in good faith deems material to it. The Issuing Bank shall have no obligation to amend the Letter of Credit if it would not be obligated to issue the Letter of
Credit in the form into which it is requested to be amended. The Letter of Credit shall contain a Schedule 1 thereto, appropriately completed such that the scheduled reductions in the Commitments pursuant to Section 2.07(b) are appropriately
reflected therein so that the sum of the Total Exposures of all the Lenders is at no time scheduled to exceed the aggregate amount of the Commitments scheduled to be in effect on such date after giving effect to any Commitment reductions scheduled
to take effect pursuant to Section 2.07(b). 

  
 26 

 (b) Notice of Issuance, Amendment, Renewal, Extension; Certain Conditions. To request
the issuance of the Letter of Credit (or the amendment, renewal or extension of the Letter of Credit), the Company shall hand deliver or telecopy (or transmit by electronic communication, if arrangements for doing so have been approved by the
Issuing Bank) to the Issuing Bank and the Administrative Agent (at least one Business Day in advance of the requested date of issuance, amendment, renewal or extension) a notice (an “Issuance Notice”), substantially in the
form of Exhibit D, requesting the issuance of the Letter of Credit and specifying the requested date of issuance of the Letter of Credit (which shall be a Business Day) and, as applicable, specifying the date of amendment, renewal or extension
(which shall be a Business Day), the date on which the Letter of Credit is to expire (which shall comply with subsection (c) of this Section), the amount of the Letter of Credit, the name and address of the beneficiary thereof and such other
information as shall be necessary to prepare, amend, renew or extend the Letter of Credit. The Letter of Credit shall be issued, amended, renewed or extended only if (and upon issuance, amendment, renewal or extension of the Letter of Credit the
Company shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) the aggregate LC Exposure shall not exceed the aggregate Commitments, and (ii) the Total Exposures shall not
exceed the total Commitments. The Issuing Bank shall promptly (and in any event within one Business Day) notify the Administrative Agent of each issuance, amendment, renewal, extension or expiry of the Letter of Credit, and shall provide to the
Administrative Agent such other information as the Administrative Agent shall reasonably request as to the Letter of Credit. 
 (c)
Expiration Date. The Letter of Credit shall expire at or prior to the date that is one Business Day prior to the Maturity Date. 
 (d)
Participations. By the issuance of the Letter of Credit (or an amendment to the Letter of Credit increasing the amount thereof) and without any further action on the part of the Issuing Bank or the Lenders, the Issuing Bank hereby grants to
each Lender, and each Lender hereby acquires from the Issuing Bank, a participation in the Letter of Credit equal to such Lender’s Applicable Percentage of the aggregate amount available to be drawn under the Letter of Credit. In consideration
and in furtherance of the foregoing, each Lender hereby absolutely and unconditionally agrees to pay to the Administrative Agent, for the account of the Issuing Bank, such Lender’s Applicable Percentage of each LC Disbursement made by the
Issuing Bank and not reimbursed by the Company on the date due as provided in subsection (e) of this Section, or of any reimbursement payment required to be refunded to the Company for any reason. Each Lender acknowledges and agrees that its
obligation to acquire participations pursuant to this subsection in respect of the Letter of Credit is absolute and unconditional and shall not be affected by any circumstance whatsoever, including any amendment, renewal or extension of the Letter
of Credit or the occurrence and continuance of a Default or reduction or termination of the Commitments, and that each such payment shall be made without any offset, abatement, withholding or reduction whatsoever. 

(e) Reimbursement. If the Issuing Bank shall make any LC Disbursement, the Issuing Bank shall promptly notify the Company by telephone,
facsimile or other telecommunication of the date and amount of such LC Disbursement. The Company shall be deemed to reimburse such LC Disbursement, whether drawn before, on or, to the extent in accordance with applicable law, after the expiration
date of the Letter of Credit, by the automatic making of an ABR Borrowing. The Administrative Agent shall notify each Lender of the applicable LC Disbursement, the payment then due from the Company in respect thereof and such Lender’s
Applicable Percentage thereof. Promptly following receipt of such notice, each Lender shall pay to the Administrative Agent its Applicable Percentage of the payment then due from the Company, and the Administrative Agent shall promptly pay to the
Issuing Bank the amounts so received by it from the Lenders. Each Lender agrees to fund its Applicable Percentage of such payment due from the Company on (i) the Business Day on which demand therefore is made by the Issuing Bank;
provided 

  
 27 

 
that notice of such demand is given not later than 11:00 a.m. (New York time) on such Business Day, or (ii) the first Business Day next succeeding such demand if notice of such demand is
given after such time. If and to the extent that any Lender shall not have made such amount available to the Administrative Agent, such Lender agrees to pay to the Administrative Agent forthwith on demand such amount together with interest thereon,
for each day from the date of demand by the Issuing Bank until the date such amount is paid to the Administrative Agent, at the Federal Funds Effective Rate for its account or the account of the Issuing Bank, as applicable. If such Lender shall pay
to the Administrative Agent such amount for the account of the Issuing Bank on any Business Day, such amount so paid in respect of principal shall constitute an ABR Loan made by such Lender on such Business Day for purposes of this Agreement. 

(f) Certain Liabilities Relating to the Letter of Credit. None of the Administrative Agent, the Lenders or the Issuing Bank, nor any of
their respective Related Parties, shall have any liability or responsibility by reason of or in connection with the issuance or transfer of the Letter of Credit or any payment or failure to make any payment thereunder (irrespective of any of the
circumstances referred to in Section 2.08(f)), or any error, omission, interruption, loss or delay in transmission or delivery of any draft, notice or other communication under or relating to the Letter of Credit (including any document
required to make a drawing thereunder), any error in interpretation of technical terms or any consequence arising from causes beyond the control of the Issuing Bank; provided that, without limiting Section 2.08(f), the foregoing shall
not be construed to excuse the Issuing Bank from liability to the Company to the extent of any direct damages (as opposed to consequential damages, claims in respect of which are hereby waived by the Company to the extent permitted by applicable
law) suffered by the Company that are caused by the Issuing Bank’s failure to exercise care when determining whether drafts and other documents presented under the Letter of Credit comply with the terms thereof. The parties hereto expressly
agree that, in the absence of gross negligence or willful misconduct on the part of the Issuing Bank (as finally determined by a court of competent jurisdiction), the Issuing Bank shall be deemed to have exercised care in each such determination. In
furtherance of the foregoing and without limiting the generality thereof, the parties agree that, with respect to documents presented that appear on their face to be in substantial compliance with the terms of the Letter of Credit, the Issuing Bank
may, in its sole discretion, either accept and make payment upon such documents without responsibility for further investigation, regardless of any notice or information to the contrary (other than a valid injunction issued by a court of competent
jurisdiction), or refuse to accept and make payment upon such documents if such documents are not in strict compliance with the terms of the Letter of Credit. 

(g) Disbursement Procedures. The Issuing Bank shall, promptly following its receipt thereof, examine all documents purporting to
represent a demand for payment under the Letter of Credit. The Issuing Bank shall promptly notify the Administrative Agent and the Company by telephone (confirmed by telecopy) of such demand for payment and whether the Issuing Bank has made or will
make an LC Disbursement thereunder; provided that any failure to give or delay in giving such notice shall not relieve the Company of its obligation to reimburse the Issuing Bank and the Lenders with respect to any such LC Disbursement. 

(h) Interim Interest. If the Issuing Bank shall make any LC Disbursement, then, unless the Company shall reimburse (including the
financing thereof by an ABR Borrowing) such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the
date that the Company reimburses (including the financing thereof by an ABR Borrowing) such LC Disbursement, at the rate per annum then applicable to ABR Loans; provided that, if the Company fails to reimburse (including the financing thereof
by an ABR Borrowing) such LC Disbursement when due pursuant to subsection (e) of this Section, then Section 2.11 shall apply. Interest accrued pursuant to this subsection shall be for the account of the Issuing Bank, except that interest
accrued on and after the date of payment by any Lender pursuant to subsection (e) of this Section to reimburse the Issuing Bank shall be for the account of such Lender to the extent of such payment. 

  
 28 

 SECTION 2.05 Funding of Borrowings. 

(a) Each Lender shall make each Loan to be made by it hereunder on the proposed date thereof by wire transfer of immediately available funds to
the account of the Administrative Agent most recently designated by it for such purpose by notice to the Lenders; except as provided otherwise with respect to ABR Loans made pursuant to Section 2.04(e), such transfers shall be made by
(x) 12:00 Noon, New York City time in the case of Borrowings other than ABR Borrowings and (y) 2:00 p.m., New York City time in the case of ABR Borrowings on the date such Loan is made. The Administrative Agent will make such amounts
available to the Company by promptly crediting the amounts so received, in like funds, to an account of the Company designated by the Company in the applicable Borrowing Request; provided that ABR Loans made to refinance the reimbursement of
an LC Disbursement as provided in Section 2.04(e) shall be remitted by the Administrative Agent to the Issuing Bank. 
 (b) Unless the
Administrative Agent shall have received notice from a Lender prior to the proposed time of any Borrowing that such Lender will not make available to the Administrative Agent such Lender’s share of such Borrowing, the Administrative Agent may
assume that such Lender has made such share available on such date in accordance with subsection (a) of this Section and may, in reliance upon such assumption, make available to the Company a corresponding amount. In such event, if a
Lender has not in fact made its share of the applicable Borrowing available to the Administrative Agent, then the applicable Lender and the Company severally agree to pay to the Administrative Agent forthwith on demand such corresponding amount with
interest thereon, for each day from and including the date such amount is made available to the Company to but excluding the date of payment to the Administrative Agent, at (i) in the case of such Lender, the Federal Funds Effective Rate or
(ii) in the case of the Company, the interest rate applicable to such Loan. If such Lender pays such amount to the Administrative Agent, then such amount shall constitute such Lender’s Loan included in such Borrowing. 

SECTION 2.06 Interest Elections. 

(a) Each Borrowing initially shall be of the Type specified in the applicable Borrowing Request and, in the case of a EurodollarSOFR Borrowing, shall have an initial Interest Period as specified in such Borrowing Request. Thereafter, the Company may elect to convert such Borrowing to a different Type or to continue such Borrowing and, in the
case of a
EurodollarSOFR
 Borrowing, may elect Interest Periods therefor, all as provided in this Section. The Company may elect different options with respect to different portions of the affected Borrowing, in which case
each such portion shall be allocated ratably among the Lenders holding the Loans comprising such Borrowing, and the Loans comprising each such portion shall be considered a separate Borrowing. 

(b) To make an election pursuant to this Section, the Company shall notify the Administrative Agent of such election by telephone or email by
the time that a Borrowing Request would be required under Section 2.03 if the Company were requesting a Borrowing of the Type resulting from such election to be made on the effective date of such election. Each such telephonic or email Interest
Election Request shall be irrevocable and shall be confirmed promptly by delivery or telecopy to the Administrative Agent of a written Interest Election Request in a form approved by the Administrative Agent and signed by the Company. 

  
 29 

 (c) Each telephonic and written Interest Election Request shall specify the following
information in compliance with Section 2.02: 
 (i) the Borrowing to which such Interest Election Request applies and,
if different options are being elected with respect to different portions thereof, the portions thereof to be allocated to each resulting Borrowing (in which case the information to be specified pursuant to clauses (iii) and (iv) below
shall be specified for each resulting Borrowing); 
 (ii) the effective date of the election made pursuant to such Interest
Election Request, which shall be a Business Day; 
 (iii) whether the resulting Borrowing is to be an ABR Borrowing or a EurodollarSOFR Borrowing; and 
 (iv) if the resulting Borrowing is a EurodollarSOFR Borrowing, the Interest Period to be applicable thereto after giving effect to such election, which shall be a period contemplated by the definition of the term “Interest Period”. 

If any such Interest Election Request requests a EurodollarSOFR Borrowing but does not specify an Interest Period, then the Company
shall be deemed to have selected an Interest Period of one month’s duration. 
 (d) Promptly following receipt of an Interest
Election Request, the Administrative Agent shall advise each Lender of the details thereof and of such Lender’s portion of each resulting Borrowing. 

(e) If the Company fails to deliver a timely Interest Election Request with respect to a EurodollarSOFR Borrowing prior to the end of the Interest Period applicable thereto, then, unless such Borrowing is repaid as provided herein, at the end of such Interest Period such Borrowing shall be converted to an ABR
Borrowing. Notwithstanding any contrary provision hereof, if an Event of Default has occurred and is continuing and the Administrative Agent, at the request of the Required Lenders, so notifies the Company, then, so long as an Event of Default is
continuing (i) no outstanding Borrowing may be converted to or continued as a EurodollarSOFR Borrowing and (ii) unless repaid, each EurodollarSOFR Borrowing shall be converted to an ABR Borrowing at the end of the Interest Period applicable thereto. 

SECTION 2.07 Termination of Commitments; Reduction of Commitments. 

(a) Maturity Date. Unless previously terminated pursuant to the terms hereof, the Commitments shall terminate on the Maturity Date. 

(b) Scheduled Reductions. If Schedule 2.01 as in effect at any time shall indicate that the Commitments shall be reduced on any date
then, unless previously terminated, the Commitments shall be reduced by the indicated amounts at 5:00 p.m. (New York City time) on such date. 

(c) Voluntary Reductions. 

(i) The Company may at any time terminate, or from time to time reduce, the aggregate amount of the Commitments; provided that
(i) each reduction of the Commitments shall be in an amount that is an integral multiple of $1,000,000 and not less than $5,000,000, (ii) the Company shall not terminate or reduce the Commitments if, after giving effect to any concurrent
prepayment of the Loans in accordance with Section 2.09, the sum of the Total Exposures of all the Lenders would exceed the total Commitments and (iii) the Company shall satisfy all its obligations, if any, under Sections 2.14 and 9.03(a)
and 9.03(b) in respect of such termination or reduction and any concurrent repayment. 

  
 30 

 (ii) The Company shall notify the Administrative Agent of any election to terminate or
reduce the Commitments under subsection (b) of this Section at least three Business Days (or such shorter period as agreed to by the Administrative Agent) prior to the effective date of such termination or reduction, specifying such election
and the effective date thereof. Promptly following receipt of any notice, the Administrative Agent shall advise the Lenders of the contents thereof. 

(d) Ratable Reductions. Each reduction of the Commitments shall be made ratably among the Lenders based on their respective Commitments.
Schedule 2.01 shall be deemed amended to take into account any termination or reduction of the Commitments in accordance with this Section 2.07. 

SECTION 2.08 Repayment of Loans; Evidence of Debt; Obligations Absolute. 

(a) The Company hereby unconditionally promises to pay to the Administrative Agent for application in accordance with Section 2.16:
(i) on the Maturity Date, the outstanding principal amount of each Loan, and (ii) on the date of each scheduled Commitment reduction set forth on Schedule 2.01, the amount, if any, by which the Total Exposures of all the Lenders would
exceed the aggregate amount of the Commitments scheduled to be in effect immediately after giving effect to such reduction of the Commitments on such date. 

(b) Each Lender shall maintain in accordance with its usual practice an account or accounts evidencing the indebtedness of the Company to such
Lender resulting from each Loan made by such Lender to the Company, including the amounts of principal and interest payable and paid to such Lender by the Company from time to time hereunder. 

(c) The Administrative Agent shall maintain accounts in which it shall record (i) the amount of each Loan made hereunder, the Type thereof
and the Interest Period applicable thereto, (ii) the amount of any principal or interest due and payable or to become due and payable from the Company to each Lender hereunder and (iii) the amount of any sum received by the Administrative
Agent hereunder for the account of the Lenders and each Lender’s share thereof. 
 (d) The entries made in the accounts maintained
pursuant to subsection (b) or (c) of this Section shall, absent manifest error, be evidence of the existence and amounts of the obligations recorded therein; provided that the failure of any Lender or the Administrative Agent
to maintain such accounts or any error therein shall not in any manner affect the obligation of the Company to repay the Loans in accordance with the terms of this Agreement. 

(e) Any Lender may request that Loans made by it be evidenced by a promissory note. In such event, the Company shall prepare, execute and
deliver to such Lender a promissory note substantially in the form attached as Exhibit B (a “Note”) payable to such Lender (or, if requested by such Lender, to such Lender and its permitted registered assigns). Thereafter,
the Loans evidenced by such Note and interest thereon shall at all times (including after assignment pursuant to Section 9.04) be represented by one or more Notes payable to the payee named therein (or, if such Note is a registered Note, to
such payee and its permitted registered assigns). 

  
 31 

 (f) The Company’s obligation to repay the Loans, to reimburse LC Disbursements and to
make the other payments provided herein shall be absolute, unconditional and irrevocable, and shall be performed strictly in accordance with the terms of this Agreement under any and all circumstances whatsoever and irrespective of (i) any lack
of validity or enforceability of the Letter of Credit or this Agreement, or any term or provision therein, (ii) the existence of any claim, set-off, defense or other right that the Company or any Affiliate of the Company may have at any time
against the beneficiary or any transferee of the Letter of Credit (or any Persons or entities for whom such beneficiary or transferee may be acting), the Issuing Bank or any other Person, whether in connection with this Agreement, the transactions
contemplated herein or any unrelated transaction; (iii) without limiting Section 2.04, any draft, demand certificate or any other document presented under the Letter of Credit proving to be forged, fraudulent or invalid in any respect or
any statement therein being untrue or inaccurate in any respect, (iv) payment by the Issuing Bank under the Letter of Credit against presentation of a draft or other document that does not comply with the terms of the Letter of Credit,
(v) the surrender or impairment of any security for the performance or observance of any of the terms of any of the Loan Documents; (vi) any non-application or misapplication by the beneficiary the Letter of Credit of the proceeds of any
drawing under the Letter of Credit; (vii) the fact that a Default shall have occurred and be continuing; or (viii) any other event or circumstance whatsoever, whether or not similar to any of the foregoing, that might, but for the
provisions of this Section, constitute a legal or equitable discharge of, or provide a right of setoff against, the Company’s obligations hereunder. 

SECTION 2.09 Prepayment of Loans. 

(a) The Company shall have the right at any time and from time to time to prepay any Borrowing in whole or in part, subject to prior notice in
accordance with subsection (b) of this Section. 
 (b) The Company shall notify the Administrative Agent by telephone (confirmed by
email) of any prepayment hereunder (i) in the case of prepayment of a EurodollarSOFR Borrowing, not later than 11:00 a.m., New York City time, three
U.S. Government Securities Business Days before the date of
prepayment or (ii) in the case of prepayment of an ABR Borrowing, not later than 11:00 a.m., New York City time, on the date of prepayment. Each such notice shall be irrevocable and shall specify the prepayment date and the principal amount of
each Borrowing or portion thereof to be prepaid; provided that, if a notice of prepayment is given in connection with a conditional notice of termination of the Commitments as contemplated by Section 2.07, then such notice of prepayment
may be revoked if such notice of termination is revoked. Promptly following receipt of any such notice relating to a Borrowing, the Administrative Agent shall advise the Lenders of the contents thereof. Each partial prepayment of any Borrowing shall
be in an amount that would be permitted in the case of an advance of a Borrowing of the same Type as provided in Section 2.02. Subject to Section 2.18, each prepayment of a Borrowing shall be applied ratably to the Loans included in the
prepaid Borrowing. Prepayments shall be accompanied by accrued interest to the extent required by Section 2.11. 
 (c) Upon the
designation of one or more “Successors” (as defined in and in accordance with the provisions set forth in the 2014 Credit Derivatives Definitions, with the Company being the “Reference Entity” referred to in such term) to the
Company under any credit derivative transaction entered into by GSMC and/or any of its Affiliates in order to mitigate credit risk arising out of the financing contemplated by this Agreement and to the extent the Lenders are not be satisfied, in
their reasonable discretion, with their credit position, giving effect to any arrangements that shall be made to address any concerns that they may have in regard to such designation of one or more “Successors” (as defined in and in
accordance with the provisions set forth in the 2014 Credit Derivatives Definitions, with the Company being the “Reference Entity” referred to in such term), then, immediately upon notice to such effect from the Administrative Agent,
(i) the Company shall prepay all Borrowings hereunder, together with accrued 

  
 32 

 
and unpaid interest thereon and all other amounts required hereunder in connection with a prepayment of Loans; (ii) all Commitments shall terminate; (iii) the Company shall provide cash
collateral in an amount equal to 101% of the LC Exposure as of such time, and (iv) any obligation of GS Bank to issue further Credits (as defined in the Reimbursement Agreement) or to increase the amount of, or extend the term of, any
outstanding Credits shall terminate. Such cash collateral shall be deposited in an account designated by the Issuing Bank at GSMC. The Company shall be deemed to grant to the Issuing Bank a security interest in all its right, title and interest in
and to such account to secure the payment and performance of Company’s obligations hereunder to the Issuing Bank. The Issuing Bank shall have sole dominion and control over such account, including the sole right to direct GSMC to effectuate
withdrawals therefrom. The balance in such account shall be applied to reimburse the Issuing Bank for any payment made in honor of the Letter of Credit and in honor of any other obligations secured by the grant effected by this Section 2.09(c),
in such order as the Issuing Bank shall determine. The Issuing Bank shall cause the unapplied balance of such account to be released to the Company upon the expiry of the Letter or Credit or the reduction to nil of the amount available thereunder
and the satisfaction of all other obligations secured by this Section 2.09(c). 
 SECTION 2.10 Fees. The Company agrees to
pay to GSMC, for application in accordance with Section 2.16, facility fees (the “Facility Fees”) payable in such amounts and at the times specified in the Fee Letter. The Facility Fees shall be paid on the dates due in
immediately available funds. Absent manifest error, once paid, the Facility Fees shall not be refundable under any circumstances. 

SECTION 2.11 Interest. 

(a) The Loans comprising each ABR Borrowing shall bear interest at a rate per annum equal to the Alternate Base Rate plus the Lender Funding
Supplement. 
 (b) The Loans comprising each
EurodollarSOFR
 Borrowing shall bear interest at a rate per annum equal to the Adjusted LIBO RateTerm SOFR for the Interest Period in effect for such Borrowing plus the
Lender Funding Supplement. 
 (c) Notwithstanding the foregoing, if any principal of or interest on any Loan or any fee or other
amount payable by the Company hereunder is not paid when due, whether at stated maturity, upon acceleration or otherwise, such overdue amount shall bear interest, after as well as before judgment, at a rate per annum equal to (i) in the case of
overdue principal of any Loan, 2% plus the rate otherwise applicable to such Loan as provided above or (ii) in the case of any other amount, 2% plus the rate applicable to ABR Loans as provided above. 

(d) Accrued interest on each Loan shall be payable in arrears on each Interest Payment Date for such Loan; provided that
(i) interest accrued pursuant to subsection (c) of this Section shall be payable on demand, (ii) in the event of any repayment or prepayment of any Loan (other than a prepayment of an ABR Loan prior to the end of the Availability
Period), accrued interest on the principal amount repaid or prepaid shall be payable on the date of such repayment or prepayment, (iii) in the event of any conversion of any EurodollarSOFR Loan prior to the end of the current Interest Period therefor, accrued interest on such Loan shall be payable on the effective date of such conversion and (iv) all accrued interest shall be payable upon
termination of the Commitments. 
 (e) All interest hereunder shall be computed on the basis of a year of 360 days, except that
interest computed by reference to the Alternate Base Rate shall be computed on the basis of a year of 365 days (or 366 days in a leap year), and in each case, shall be payable for the actual number of days elapsed (including the first day but
excluding the last day). The applicable Alternate Base Rate or Adjusted LIBO
RateTerm
 SOFR shall be determined by the Administrative Agent, and such determination shall be conclusive absent manifest error. 

  
 33 

(f) In
connection with the use or administration of Term SOFR, the Administrative Agent will have the right to make Conforming Changes from time to time and, notwithstanding anything to the contrary herein or in any other Loan Document, any amendments
implementing such Conforming Changes will become effective without any further action or consent of any other party to this Agreement or any other Loan Document. The Administrative Agent will promptly notify the Company and the Lenders of the
effectiveness of any Conforming Changes in connection with the use or administration of Term SOFR 

SECTION 2.12 Alternate Rate of Interest.
IfSubject to
Section 2.19, if prior to the commencement of any Interest Period for a EurodollarSOFR Borrowing: 

(a) the Administrative Agent determines (which determination shall be conclusive absent manifest error) that adequate and reasonable means do
not exist for ascertaining the Adjusted LIBO
RateTerm SOFR for such Interest Period; or

 (b) the Administrative Agent is advised by the Required Lenders that because of a change in circumstances affecting the eurodollarapplicable
interbank market generally the Adjusted LIBO RateTerm SOFR for such Interest Period will not adequately and fairly
reflect the cost to such Lenders of making or maintaining their Loans included in such Borrowing for such Interest Period; 
 then
the Administrative Agent shall give notice thereof to the Company and the Lenders by telephone or telecopy as promptly as practicable thereafter and, until the Administrative Agent notifies the Company and the Lenders that the circumstances giving
rise to such notice no longer exist, (i) any Interest Election Request that requests the conversion of any Borrowing to, or continuation of any Borrowing as, a
EurodollarSOFR
 Borrowing shall be ineffective, and (ii) if any Borrowing Request requests a EurodollarSOFR Borrowing, such Borrowing shall be made as an ABR Borrowing;
provided that if the circumstances giving rise to such notice affect only one Type of Borrowings, then the other Type of Borrowings shall be permitted. 

SECTION 2.13 Increased Costs. Subject to Section 2.17, 

(a) If any Change in Law shall: 

(i) impose, modify or deem applicable any reserve, special deposit or similar requirement against assets of, deposits with or
for the account of, or credit extended by, any Lender (except any such reserve requirement contemplated by Section 2.13(f)); or 

(ii) 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, commitments, or other obligations, or its deposits, reserves, other liabilities or capital attributable thereto; or

 (iii) impose on any Lender or the Issuing Bank or the Londonapplicable interbank market any other condition, cost or expense affecting this Agreement or EurodollarSOFR Loans made by such Lender or the Letter of Credit or any
participation therein; 

  
 34 

 and the result of any of the foregoing shall be to increase the cost to such Lender or the Issuing Bank in
an amount that such Lender or the Issuing Bank deems to be material of making or maintaining any EurodollarSOFR Loan or of maintaining its obligation to make any such Loan, or to
increase the cost to such Lender or the Issuing Bank of participating in, issuing or maintaining the Letter of Credit or reduce the amount of any sum received or receivable by such Lender or the Issuing Bank hereunder (whether of principal, interest
or any other amount), then, upon request of such Lender or the Issuing Bank, the Company will pay to such Lender or the Issuing Bank, as the case may be, such additional amount or amounts as will compensate such Lender or the Issuing Bank, as the
case may be, for such additional costs incurred or reduction suffered. 
 (b) If any Lender or the Issuing Bank determines that any
Change in Law regarding capital requirements, has or would have the effect of reducing the rate of return on such Lender’s or the Issuing Bank’s capital or on the capital of such Lender’s or the Issuing Bank’s holding company, if
any, as a consequence of this Agreement, the Commitments of such Lender or the Loans made by, or participations in the Letter of Credit held by, such Lender, or the Letter of Credit issued by the Issuing Bank, to a level below that which such Lender
or the Issuing Bank or such Lender’s or the Issuing Bank’s holding company could have achieved but for such Change in Law (taking into consideration such Lender’s or the Issuing Bank’s policies and the policies of such
Lender’s or the Issuing Bank’s holding company with respect to capital adequacy), then from time to time the Company will pay to such Lender or the Issuing Bank, as the case may be, such additional amount or amounts as will compensate such
Lender or the Issuing Bank or such Lender’s or the Issuing Bank’s holding company for any such reduction suffered. 
 (c) A
certificate of a Lender or the Issuing Bank setting forth the amount or amounts necessary to compensate such Lender or the Issuing Bank or the holding company of such Lender or the Issuing Bank, as the case may be, as specified in
subsections (a) or (b) of this Section 2.13 and explaining in reasonable detail the method by which such amount or amounts shall have been determined, shall be delivered to the Company, shall be conclusive absent manifest error. The
Company shall pay to such Lender or the Issuing Bank, as the case may be, the amount shown as due on any such certificate within ten (10) days after receipt thereof. 

(d) Failure or delay on the part of any Lender or the Issuing Bank to demand compensation pursuant to this Section shall not constitute a
waiver of such Lender’s or the Issuing Bank’s right to demand such compensation; provided that the Company shall not be required to compensate a Lender or the Issuing Bank pursuant to this Section for any increased costs
incurred or reductions suffered unless the Lender or the Issuing Bank gives notice to the Company to compensate such Lender or the Issuing Bank pursuant to this Section within one hundred and eighty (180) days after the date that such
Lender or the Issuing Bank, as the case may be, knows an event has occurred pursuant to which such Lender or the Issuing Bank will seek such compensation. 

(e) Notwithstanding the foregoing provisions of this Section, neither any Lender nor the Issuing Bank shall be entitled to compensation
pursuant to this Section if it is not at the time the general policy or practice of such Lender or the Issuing Bank to demand compensation in similar circumstances in similar credit agreements. 

(f) The Company shall pay to each Lender, (i) as long as
such Lender shall be required to maintain reserves with respect to liabilities or assets consisting of or including Eurocurrency funds or deposits (currently known as “Eurocurrency liabilities”), additional interest on the unpaid principal
amount of each Eurodollar Loan equal to the actual costs of such reserves allocated to such Loan by such Lender (as determined by such Lender in good faith, which determination shall be conclusive), and (ii) as long as such Lender shall be
required to comply with any reserve ratio requirement or analogous  

  
 35 

 
requirement of any other central banking or financial regulatory authority imposed in respect of the maintenance
of the Commitments or the funding of the Eurodollar Loans, such additional costs (expressed as a percentage per annum and rounded upwards, if necessary, to the nearest five decimal places) equal to the actual costs allocated to such Commitment or
Loan by such Lender (as determined by such Lender in good faith, which determination shall be conclusive), which in each case shall be due and payable on each date on which interest is payable on such Loan, provided the Company shall have
received at least 10 days’ prior notice (with a copy to the Administrative Agent) of such additional interest or costs from such Lender. If a Lender fails to give notice 10 days prior to the relevant Interest Payment Date, such additional
interest or costs shall be due and payable 10 days from receipt of such notice. 

SECTION 2.14 Break Funding Payments. In the event of (a) the payment of any principal of any EurodollarSOFR Loan other than on the last day of an Interest Period applicable thereto (including as a result of an Event of Default), (b) the conversion of any EurodollarSOFR Loan other than on the last day of the Interest Period applicable thereto, (c) the failure to borrow, convert, continue or prepay any EurodollarSOFR Loan on the date specified in any notice delivered pursuant hereto, or (d) the assignment of any
EurodollarSOFR
 Loan other than on the last day of the Interest Period applicable thereto as a result of a request by the Company pursuant to Section 2.17, then, in any such event, the Company shall compensate
each Lender for the actual loss, cost and expense attributable to such event. In the case of a EurodollarSOFR Loan, the loss to any Lender attributable to any such event (other
than lost profits) shall be deemed to include an amount determined by such Lender to be equal to the excess, if any, of (i) the amount of interest that such Lender would pay for a deposit equal to the principal amount of such Loan for the
period from the date of such payment, conversion, failure or assignment to the last day of the then current Interest Period for such Loan (or, in the case of a failure to borrow, convert or continue, the duration of the Interest Period that would
have resulted from such borrowing, conversion or continuation) if the interest rate payable on such deposit were equal to the Adjusted LIBO RateTerm SOFR for such Interest Period, over (ii) the amount of
interest that such Lender would earn on such principal amount for such period if such Lender were to invest such principal amount for such period at the interest rate that would be bid by such Lender (or an Affiliate of such Lender) for dollar
deposits from other banks in the
eurodollarapplicable
 interbank market at the commencement of such period. A certificate of any Lender setting forth any amount or amounts that such Lender is entitled to receive pursuant to this Section and
explaining in reasonable detail the method by which such amount or amounts shall have been determined shall be delivered to the Company and shall be conclusive absent manifest error; provided that neither any Lender nor the Issuing Bank shall
be required to deliver information pursuant to this Section relating to its business, other than any such information that is available to the Company on a non-confidential basis prior to the date of such certificate. The Company shall pay the
amount shown as due on any such certificate to the Administrative Agent for the account of such Lender in accordance with Section 2.16 within ten (10) days after receipt of such certificate. 

SECTION 2.15 Taxes. 

(a) Payments Free of Taxes; Obligation to Withhold; Payments on Account of Taxes. 

(i) Any and all payments by or on account of any obligation of the Company under any Loan Document shall be made without
deduction or withholding for any Taxes, except as required by applicable laws. If any applicable laws (as determined in the good faith discretion of an applicable Withholding Agent) require the deduction or withholding of any Tax from any such
payment by a Withholding Agent, then such Withholding Agent shall be entitled to make such deduction or withholding, upon the basis of the information and documentation to be delivered pursuant to paragraph (e) below. 

  
 36 

 (ii) Without limiting Section 2.15(a)(i), if the Company or the
Administrative Agent shall be required by the Code to withhold or deduct any Taxes, including both United States federal backup withholding and withholding taxes, from any payment, then (A) the Administrative Agent shall withhold or make such
deductions as are determined by the Administrative Agent to be required based upon the information and documentation it has received pursuant to paragraph (e) below, (B) the Administrative Agent shall timely pay the full amount withheld or
deducted to the relevant Governmental Authority in accordance with the Code and (C) to the extent that the withholding or deduction is made on account of Indemnified Taxes, the sum payable by the Company shall be increased as necessary so that
after any required withholding or the making of all required deductions (including deductions applicable to additional sums payable under this Section 2.15) the applicable Recipient receives an amount equal to the sum it would have
received had no such withholding or deduction been made. 
 (iii) If any Withholding Agent shall be required by any
applicable laws other than the Code to withhold or deduct any Taxes from any payment, then (A) such Withholding Agent, as required by such laws, shall withhold or make such deductions as are determined by it to be required based upon the
information and documentation it has received pursuant to paragraph (e) below, (B) such Withholding Agent, to the extent required by such laws, shall timely pay the full amount withheld or deducted to the relevant Governmental
Authority in accordance with such laws and (C) to the extent that the withholding or deduction is made on account of Indemnified Taxes, the sum payable by the Company shall be increased as necessary so that after any required withholding or the
making of all required deductions (including deductions applicable to additional sums payable under this Section 2.15) the applicable Recipient receives an amount equal to the sum it would have received had no such withholding or
deduction been made. 
 (b) Payment of Other Taxes by the Company. Without limiting the provisions of paragraph (a) above, the
Company shall timely pay to the relevant Governmental Authority in accordance with applicable laws, or at the option of the Administrative Agent timely reimburse it for the payment of, any Other Taxes. 

(c) Tax Indemnifications. 

(i) The Company shall indemnify each Recipient, and shall make payment in respect thereof within ten days after 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 2.15) payable or paid by such Recipient or required to be withheld or
deducted from a payment to such Recipient, and any penalties, interest and 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 Company 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. The Company shall, and does hereby, indemnify the Administrative Agent, and shall make payment in respect thereof within ten (10) days after demand therefor, for any amount which a Lender for any reason fails
to pay indefeasibly to the Administrative Agent as required pursuant to Section 2.15(c)(ii) below; provided that the Company shall not be required to indemnify the Administrative Agent for any amount attributable to the
Administrative Agent’s gross negligence or willful misconduct. 

  
 37 

 (ii) Each Lender shall, and does hereby, severally indemnify, and shall make
payment in respect thereof within ten (10) days after demand therefor, (x) the Administrative Agent against any Indemnified Taxes attributable to such Lender (but only to the extent that the Company has not already indemnified the
Administrative Agent for such Indemnified Taxes and without limiting the obligation of the Company to do so), (y) the Administrative Agent and the Company, as applicable, against any Taxes attributable to such Lender’s failure to comply
with the provisions of Section 9.04(d) relating to the maintenance of a Register and (z) the Administrative Agent and the Company, as applicable, against any Excluded Taxes attributable to such Lender that are payable or paid by the
Administrative Agent or the Company 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 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 this Agreement or any other Loan Document against any amount due to the Administrative Agent under this clause (ii). 

(d) Evidence of Payments. As soon as practicable after any payment of Taxes by the Company to a Governmental Authority as provided in
this Section 2.15, the Company shall 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 any return required by laws to report such
payment or other evidence of such payment reasonably satisfactory to the Administrative Agent. 
 (e) Status of Lenders; Tax
Documentation. 
 (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 Company and the Administrative Agent, at the time or times reasonably requested by the Company or the Administrative Agent, such properly completed and executed documentation reasonably
requested by the Company 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 Company or the Administrative Agent, shall
deliver such other documentation prescribed by applicable law or reasonably requested by the Company or the Administrative Agent as will enable the Company 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
2.15(e)(ii)(A), 2.15(e)(ii)(B) and 2.15(e)(ii)(D) below) shall not be required if 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, 
 A. any Lender that is a U.S. Person shall deliver to the Company 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 Company or the Administrative Agent), executed copies of IRS Form W-9 certifying that such Lender is exempt from U.S. federal
backup withholding tax; 

  
 38 

 B. any Foreign Lender shall, to the extent it is legally entitled to do so, deliver to the
Company 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 Company 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 copies of IRS Form W-8BEN-E (or W-8BEN, as applicable) 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-E (or W-8BEN, as
applicable) 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; 

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 C-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
Company 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-E (or W-8BEN, as applicable); or 
 4) to the extent a Foreign Lender is not the
beneficial owner, executed copies of IRS Form W-8IMY, accompanied by IRS Form W-8ECI, IRS Form W-8BEN-E (or W-8BEN, as applicable), a U.S. Tax Compliance Certificate substantially in the form of
Exhibit C-2 or Exhibit C-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 C-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 Company 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 Company 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 Company 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 Company and the Administrative Agent at the time or times prescribed by law and at such time or times reasonably requested by the Company 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 Company or the Administrative Agent as may be
necessary for the Company 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 Effective Date and any Model 1 or Model 2 intergovernmental agreements. 

  
 39 

 (iii) Each Lender agrees that if any form or certification it previously
delivered pursuant to this Section 2.15 expires or becomes obsolete or inaccurate in any respect, it shall update such form or certification or promptly notify the Company and the Administrative Agent in writing of its legal inability to
do so. 
 (f) Treatment of Certain Refunds. Unless required by applicable laws, at no time shall the Administrative Agent have any
obligation to file for or otherwise pursue on behalf of a Lender, or have any obligation to pay to any Lender, any refund of Taxes withheld or deducted from funds paid for the account of such Lender. If any Recipient determines, in its sole
discretion exercised in good faith, that it has received a refund of any Taxes as to which it has been indemnified by the Company or with respect to which the Company has paid to it additional amounts pursuant to this Section 2.15, it
shall pay to the Company an amount equal to such refund (but only to the extent of indemnity payments made, or additional amounts paid, by the Company to it under this Section 2.15 with respect to the Taxes giving rise to such refund)
and, with respect thereto, only net of any Tax paid thereon by the Recipient, net of all out-of-pocket expenses (including Taxes) incurred by such Recipient, and without interest (other than any interest paid by the relevant Governmental Authority
with respect to such refund), provided that the Company, upon the request of the Recipient, agrees to repay the amount paid over to the Company (plus any penalties, interest or other charges imposed by the relevant Governmental Authority) to
the Recipient in the event the Recipient is required to repay such refund to such Governmental Authority. Notwithstanding anything to the contrary in this subsection, in no event will the applicable Recipient be required to pay any amount to the
Company pursuant to this subsection the payment of which would place the Recipient in a less favorable net after-Tax position than such Recipient 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 subsection shall not be construed to require any Recipient to make available its tax returns (or any
other information relating to its taxes that it deems confidential) to the Company or any other Person. 
 (g) [Reserved]. 

(h) Survival. Each party’s obligations under this Section 2.15 shall survive the resignation or replacement of the
Administrative Agent or any assignment of rights by, or the replacement of, a Lender, the termination of the Commitments and the repayment, satisfaction or discharge of all Loans other obligations under any Loan Document. 

SECTION 2.16 Payments Generally; Pro Rata Treatment. 

(a) The Company shall make each payment required to be made by it hereunder (whether of principal, interest, fees, reimbursement of LC
Disbursements or of any amounts under Section 2.13, 2.14 or 2.15, or otherwise) prior to 12:00 Noon, New York City time, on the date when due in immediately available funds, without set-off or counterclaim. Any amounts received after such time
on any date may, in the discretion of the Administrative Agent, be deemed to have been received on the next succeeding Business Day for purposes of calculating interest thereon. All such payments shall be made to the Administrative Agent to be
credited to the Administrative Agent’s Account (other than any amounts expressly stated herein or in the Fee Letter to be payable to GSMC, which payments shall be made by the Company to GSMC). All payments made by the Company to the
Administrative Agent or the Issuing 

  
 40 

 
Bank as provided herein or in any Note shall be deemed received by the Lenders or the Issuing Bank for all purposes as between the Lenders or the Issuing Bank and the Company. With respect to
payments to be made to the Issuing Bank, the Administrative Agent will promptly thereafter cause to be distributed like funds relating to the payment of principal, interest or other amounts to the Issuing Bank. Promptly after any such payment, the
Issuing Bank or the Administrative Agent (as the case may be) will cause to be distributed like funds relating to the payment of principal or interest or other amounts (other than amounts payable pursuant to Sections 2.04(f), 2.13, 2.14, 2.15 or
9.03) (according to the Lenders’ respective Commitments) to the Lenders for the account of their respective lending offices, and like funds relating to the payment of any other amount payable to any Lender to the Administrative Agent, and the
Administrative Agent then shall cause like funds to be distributed to such Lender for the account of its applicable lending office, in each case to be applied in accordance with the terms of this Agreement or any Note. The Administrative Agent shall
distribute any such payments received by it for the account of any other Person to the appropriate recipient promptly following receipt thereof. If any payment hereunder shall be due on a day that is not a Business Day, the date for payment shall be
extended to the next succeeding Business Day, and, in the case of any payment accruing interest, interest thereon shall be payable for the period of such extension; provided, however, that in the event that the Maturity Date shall be on a day
that is not a Business Day, any payment due on the Maturity Date shall be due on the immediately preceding Business Day. All payments hereunder shall be made in dollars. 

(b) If at any time insufficient funds are received by and available to the Administrative Agent to pay fully all amounts of principal,
unreimbursed LC Disbursements, interest and fees then due hereunder, such funds shall be applied (i) first, to pay interest and fees then due hereunder, ratably among the parties entitled thereto in accordance with the amounts of interest and
fees then due to such parties, and (ii) second, to pay principal and unreimbursed LC Disbursements then due hereunder, ratably among the parties entitled thereto in accordance with the amounts of principal and unreimbursed LC Disbursements then
due to such parties. 
 (c) If any Lender shall, by exercising any right of set-off or counterclaim or otherwise, obtain payment in respect
of any principal of or interest on any of its Loans or participations in unreimbursed LC Disbursements resulting in such Lender receiving payment of a greater proportion of the aggregate amount of its Loans or participations in unreimbursed LC
Disbursements and accrued interest thereon than the proportion received by any other Lender, then the Lender receiving such greater proportion shall purchase (for cash at face value) participations in the Loans or participations in unreimbursed LC
Disbursements of other Lenders to the extent necessary so that the benefit of all such payments shall be shared by the Lenders ratably in accordance with the aggregate amount of principal of and accrued interest on their respective Loans or
participations in unreimbursed LC Disbursements; provided that (i) if any such participations are purchased and all or any portion of the payment giving rise thereto is recovered, such participations shall be rescinded and the purchase
price restored to the extent of such recovery, without interest, and (ii) the provisions of this subsection shall not be construed to apply to any payment made by the Company pursuant to and in accordance with the express terms of this
Agreement or any payment obtained by a Lender as consideration for the assignment of or sale of a participation in any of its Loans to any assignee or participant, other than to the Company or any Subsidiary or Affiliate thereof (as to which the
provisions of this subsection shall apply). The Company consents 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 the Company rights of set-off and counterclaim with respect to such participation as fully as if such Lender were a direct creditor of the Company in the amount of such participation. 

  
 41 

 (d) Unless the Administrative Agent shall have received notice from the Company prior to the
date on which any payment is due to the Administrative Agent for the account of the Lenders or the Issuing Bank that the Company will not make such payment, the Administrative Agent may assume that the Company has made such payment on such date in
accordance herewith and may, in reliance upon such assumption, distribute to the Administrative Agent, whereupon the Administrative Agent shall distribute to the Lenders or the Issuing Bank, as the case may be, the amount due. In such event, if the
Company has not in fact made such payment, then each of the Lenders or the Issuing Bank, as the case may be, severally agrees to repay to the Administrative Agent forthwith on demand the amount so distributed to such Lender or the Issuing Bank with
interest thereon, for each day from and including the date such amount is distributed to it to but excluding the date of payment to the 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. 
 (e) If any Lender or the Issuing Bank shall fail
to make any payment required to be made by it pursuant to Section 2.04(d), 2.05(b) or 2.16(d), then the Administrative Agent may, in its discretion (notwithstanding any contrary provision hereof), apply any amounts thereafter received by the
Administrative Agent for the account of such Lender or the Issuing Bank to satisfy such Lender or the Issuing Bank’s obligations under such Sections until all such unsatisfied obligations are fully paid. 

SECTION 2.17 Mitigation Obligations; Replacement of Lenders. 

(a) If any Lender requests compensation under Section 2.13, or if the Company is required to pay any additional amount to any Lender or
any Governmental Authority for the account of any Lender pursuant to Section 2.15, then such Lender shall (at the request of the Company) use reasonable efforts to designate a different lending office for funding or booking its Loans hereunder
or to assign its rights and obligations hereunder to another of its offices, branches or affiliates, if, in the judgment of such Lender, such designation or assignment (i) would eliminate or reduce amounts payable pursuant to Section 2.13
or 2.15, 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. The Company hereby agrees to pay all reasonable costs and expenses
incurred by any Lender in connection with any such designation or assignment. 
 (b) If (i) any Lender requests compensation under
Section 2.13, (ii) the Company is required to pay any additional amount to any Lender, the Issuing Bank or any Governmental Authority for the account of any Lender or the Issuing Bank pursuant to Section 2.15 and, in each case, such
Lender has declined or is unable to designate a different lending office in accordance with Section 2.17(a), (iii) if any Lender is a Defaulting Lender, or (iv) if in connection with any proposed amendment, modification, waiver or
consent, the consent of the Required Lenders has been obtained but the consent of a Lender the consent of which is required shall not have been obtained, then the Company may, at its sole expense and effort, upon notice to such Lender and the
Administrative Agent, require such Lender to assign and delegate, without recourse (in accordance with and subject to the restrictions contained in, and consents required by, Section 9.04), all of its interests, rights and obligations under
this Agreement and the related Loan Documents to an assignee that shall assume such obligations (which assignee may be another Lender, if a Lender accepts such assignment); provided that (i) [reserved]; (ii) such Lender shall have
received payment of an amount equal to the outstanding principal of its Loans and participations in LC Disbursements, accrued interest thereon, accrued fees and all other amounts payable to it hereunder and under the other Loan Documents (including
any amounts under Section 2.14) from the assignee (to the extent of such outstanding principal and accrued interest and fees) or the Company (in the case of all other amounts); and (iii) in the case of any such assignment resulting from a
claim for compensation under Section 2.13 or payments required to be made pursuant to Section 2.15, such assignment will result in a reduction in such compensation or payments thereafter. A Lender shall not be required to make any such
assignment or delegation if, prior thereto, as a result of a waiver by such Lender or otherwise, the circumstances entitling the Company to require such assignment and delegation cease to apply. 

  
 42 

 SECTION 2.18 Defaulting Lender. 

(a) Adjustments. Notwithstanding anything to the contrary contained in this Agreement, if any Lender becomes a Defaulting Lender, then,
until such time as that Lender is no longer a Defaulting Lender, to the extent permitted by applicable law: 
 (i) Waivers
and Amendment. The 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 9.02. 

(ii) Reallocation of Payments. Any payment of principal, interest, fees (other than any Facility Fee) or other amount
received by the Administrative Agent for the account of that Defaulting Lender (whether voluntary or mandatory, at maturity, pursuant to Article VII or otherwise, and including any amounts made available to the Administrative Agent by that
Defaulting Lender pursuant to Section 9.09), 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 that Defaulting Lender to the Administrative Agent
hereunder; second, as the Company may request (so long as no Default or Event of Default has occurred and is continuing), to the funding of any Loan in respect of which that Defaulting Lender has failed to fund its portion thereof as required by
this Agreement, as determined by the Administrative Agent; third, if so determined by the Administrative Agent and the Company, to be held in a non-interest bearing deposit account and released in order to satisfy obligations of that Defaulting
Lender to fund Loans under this Agreement; fourth, to the payment of any amounts owing to the Lenders and the Issuing Bank as a result of any judgment of a court of competent jurisdiction obtained by any Lender against that Defaulting Lender as a
result of that Defaulting Lender’s breach of its obligations under this Agreement; fifth, so long as no Default or Event of Default has occurred and is continuing, to the payment of any amounts owing to the Company as a result of any judgment
of a court of competent jurisdiction obtained by the Company against that Defaulting Lender as a result of that Defaulting Lender’s breach of its obligations under this Agreement; and sixth, to that Defaulting Lender or as otherwise directed by
a court of competent jurisdiction; provided that if (x) such payment is a payment of the principal amount of any Loans in respect of which that Defaulting Lender has not fully funded its appropriate share and (y) such Loans were
made at a time when the conditions set forth in Section 4.02 were satisfied or waived, such payment shall be applied solely to pay the Loans of all non-Defaulting Lenders on a pro rata basis prior to being applied to the payment of any Loans of
that Defaulting Lender. 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 pursuant to this Section 2.18(a)(ii) shall be deemed paid to and
redirected by that Defaulting Lender, and each Lender irrevocably consents hereto. 
 (iii) Facility Fees.
Notwithstanding anything herein to the contrary, each Defaulting Lender and its Affiliates shall not be entitled to receive any Facility Fee payable pursuant to Section 2.10 during any period during which such Lender is a Defaulting Lender.

 (b) Defaulting Lender Cure. If the Company and the Administrative Agent, agree in writing in their sole discretion that a Lender
that is a Defaulting Lender should no longer be deemed to be 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, that Lender will, to 

  
 43 

 
the extent applicable, purchase 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 to
be held on a pro rata basis by the Lenders in accordance with their Applicable Percentages, whereupon that 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 Company while that Lender was a Defaulting Lender; 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 that Lender having been a Defaulting Lender. 

SECTION 2.19 Benchmark Replacement Setting. 

(a) Benchmark Replacement. Notwithstanding anything to the contrary herein or in any other Loan Document, if a Benchmark Transition
Event or an Early Opt-in Election, as applicable, and its related Benchmark Replacement Date have occurred
prior to the Reference Time in respect of any setting of the then-current Benchmark, then (x) if
a Benchmark Replacement is determined in accordance with clause (1) or (2a) of the definition of “Benchmark Replacement” for such
Benchmark Replacement Date, such Benchmark Replacement will replace such Benchmark for all purposes hereunder and under any Loan Document in respect of such Benchmark setting and subsequent Benchmark settings without any amendment to, or further
action or consent of any other party to, this Agreement or any other Loan Document and (y) if a Benchmark Replacement is determined in accordance with clause
(3b) of the definition of “Benchmark Replacement” for such Benchmark Replacement Date, such Benchmark Replacement will replace such Benchmark for all purposes hereunder and under any Loan Document in
respect of any Benchmark setting at or after 5:00 p.m. (New York City time) on the fifth (5th) Business Day after the date notice of such Benchmark Replacement is provided to the Lenders without any amendment to, or further action or consent of
any other party to, this Agreement or any other Loan Document so long as the Administrative Agent has not received, by such time, written notice of objection to such Benchmark Replacement from Lenders comprising the Required Lenders. If the Benchmark Replacement is Daily Simple SOFR, all interest payments will be payable on a monthly basis. 
 (b) Benchmark Replacement Conforming Changes. In connection with the use, administration, adoption or implementation of a Benchmark
Replacement, the Administrative Agent, in consultation with the Company, will have the right to make
Benchmark Replacement Conforming Changes from time to time and, notwithstanding anything to the
contrary herein or in any other Loan Document, any amendments implementing such Benchmark Replacement
Conforming Changes will become effective without any further action or consent of any other party to this Agreement or any other Loan Document. 

(c) Notices; Standards for Decisions and Determinations. The Administrative Agent will promptly notify the Company and the Lenders of
(i) any occurrence of a Benchmark Transition Event or an Early Opt-in Election, as applicable, and its related Benchmark Replacement Date,
(ii) thethe implementation of any Benchmark
Replacement,
and
(iiiii
) the effectiveness of any Benchmark Replacement
Conforming Changes, (iv) in connection with the use, administration, adoption or implementation of a Benchmark Replacement. The Administrative
Agent will notify the Company of (x) the removal or reinstatement of any tenor of a Benchmark pursuant to
clause
Section 2.19(d) below and
(vy) the commencement or conclusion of any Benchmark Unavailability
Period. Any determination, decision or election that may be made by the Administrative Agent or, if applicable, any Lender (or group of Lenders) pursuant to this
Section 2.19, including any determination with respect
to a tenor, rate or adjustment or of the occurrence or non-occurrence of an event, circumstance or date and any decision to take or refrain from taking any action or any selection, will be conclusive and binding absent manifest error and may be made
in its or their sole discretion and without consent from any other party to this Agreement or any other Loan Document, except, in each case, as expressly required pursuant to this Section 2.19. 

  
 44 

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

(e) Benchmark Unavailability Period. Upon the
Company’sCompany’s
 receipt of notice of the commencement of a Benchmark Unavailability Period, the Company may revoke any
pending request for a EurodollarSOFR Borrowing of, conversion to or continuation of EurodollarSOFR Loans to be made, converted or continued during any Benchmark
Unavailability Period and, failing that, the Company will be deemed to have converted any such request into a request for a Borrowing of or conversion to ABR
Loans. During any Benchmark Unavailability Period or at any time that a tenor for the then-current Benchmark is not an Available Tenor, the component of ABR
based upon the then-current Benchmark or such tenor for such Benchmark, as applicable, will not be used in any determination of ABR. 

  
 45 

 ARTICLE III 

REPRESENTATIONS AND WARRANTIES 

The Company represents and warrants to each of the Administrative Agent, the Lenders and the Issuing Bank as follows: 

SECTION 3.01 Organization; Powers. The Company is duly organized, validly existing and in good standing under the laws of the
jurisdiction of its organization, has all requisite power and authority to carry on its business as now conducted and is qualified to do business in, and is in good standing in, every jurisdiction where such qualification is required, except where
the failure to do so, individually or in the aggregate, would not reasonably be expected to result in a Material Adverse Effect. 

SECTION 3.02 Authorization; Enforceability. The Transactions are within the Company’s corporate powers and have been duly
authorized by all necessary corporate action. This Agreement has been duly executed and delivered by the Company and constitutes a legal, valid and binding obligation of the Company, enforceable in accordance with its terms, subject to applicable
bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditors’ rights generally and subject to general principles of equity, regardless of whether considered in a proceeding in equity or at law. 

SECTION 3.03 Governmental Approvals; No Conflicts. The Transactions (a) do not require any consent or approval of,
registration or filing with, or any other action by, any Governmental Authority, except (i) such as have been obtained or made and are in full force and effect, (ii) those required in the ordinary course of business of the Company in
connection with the performance by the Company of its obligations of the covenants hereunder, other filings under securities laws, and filings, registrations consents or approvals in each case not required to be made or obtained by the date hereof,
and (iii) the filing by the Company of a periodic report on Form 8-K with respect to the transactions contemplated hereby, which filing will be made promptly following the execution and delivery of this
Agreement, (b) will not violate any applicable law or regulation or the charter, by-laws or other organizational documents of the Company or any order of any Governmental Authority, (c) will not result in a material violation of or default
under any indenture or other material agreement or instrument binding upon the Company or any of the Subsidiaries or their assets, or give rise to a right thereunder to require any payment to be made by the Company or any of the Subsidiaries, and
(d) will not result in the creation or imposition of any material Liens on any material assets of the Company or any of the Subsidiaries. 

SECTION 3.04 Financial Condition. The Company has heretofore furnished to the Lenders (a) its audited consolidated balance
sheet and statements of consolidated income, stockholders’ equity and cash flows as of and for the fiscal year ended December 31, 2020, reported on by independent public accountants, and (b) its unaudited interim consolidated
financial statements for the quarterly period ending June 30, 2021. Such financial statements present fairly, in all material respects, the consolidated financial position of the Company and its Subsidiaries as of the dates thereof and results
of operations and cash flows of the Company and its Subsidiaries for the periods covered thereby (subject to normal year end audit adjustments and the absence of footnote disclosure with respect to the unaudited interim consolidated financial
statements) in accordance with GAAP. 
 SECTION 3.05 Disclosure. Each of the reports required to be filed by the Company under
Section 13(a) of the Securities Exchange Act of 1934 since December 31, 2020 has been filed and such reports (as each such report may have been supplemented or revised by any subsequent report filed by the Company), when taken as a whole,
do not contain an untrue statement of a material fact and do not omit to state a material fact necessary in order to make the statements therein in the light of the circumstances under which they were made, not misleading; provided, however,
that with respect to any projected financial information or other forward looking statements, the Company represents only that such information was prepared in good faith based upon assumptions believed to be reasonable at the time filed. 

  
 46 

 SECTION 3.06 Federal Reserve Regulations. 

(a) Neither the Company nor any of the Subsidiaries is engaged principally, or as one of its important activities, in the business of extending
credit for the purpose of purchasing or carrying Margin Stock. 
 (b) No part of the proceeds of the Loans has been or will be used, whether
directly or indirectly, and whether immediately, incidentally or ultimately, for any purpose that entails a violation of the provisions of the Regulations of the Board, including, without limitation, Regulation U or X thereof. Not more than 25%
of the assets subject to the restrictions of Section 6.01, valued in accordance with Regulation U, will at any time consist of Margin Stock. 

SECTION 3.07 Investment Company Act. Neither the Company nor any of the Subsidiaries is an “investment company” as
defined in, or subject to regulation under, the Investment Company Act of 1940. 
 SECTION 3.08 OFAC. Neither the Company nor
any of its Subsidiaries, nor, to the knowledge of the Company and its Subsidiaries, any director, officer, employee, agent, affiliate or representative thereof, is an individual or entity that is, or is owned or controlled by any individual or
entity that is (i) currently the subject or target of any Sanctions, (ii) included on OFAC’s List of Specially Designated nationals, HMT’s Consolidated List of Financial Sanctions Targets and the Investment Ban List, or any
similar list enforced by any other relevant sanctions authority or (iii) located, organized or resident in a Designated Jurisdiction. 

SECTION 3.09 Anti-Corruption Laws. The Company and its Subsidiaries have conducted their businesses in material compliance with
the United States Foreign Corrupt Practices Act of 1977, the UK Bribery Act 2010, and other similar anti-corruption legislation in other jurisdictions applicable to the Company and the Subsidiaries (such laws, collectively, the
“Anti-Corruption Laws”) and have instituted and maintained policies and procedures, in the Company’s reasonable business judgment, designed to promote and achieve compliance with such laws applicable to the Company and
the Subsidiaries. 
 SECTION 3.10 Use of Credit. Neither the Company nor any of its Subsidiaries is engaged principally, or as
one of its important activities, in the business of extending credit for the purpose, of buying or carrying Margin Stock. No Letter of Credit nor any proceeds of the Loans will be used, directly or indirectly, to buy or carry any Margin Stock, to
extend credit for such purpose or for any other purpose that would violate or be inconsistent with Regulations T, U or X. 

SECTION 3.11 Status as Senior Debt. The Obligations constitute, and shall continue to constitute, senior Indebtedness (or the
equivalent thereof) with respect to each issuance of Subordinated Indebtedness. 
 ARTICLE IV 

CONDITIONS 

SECTION 4.01 Conditions to Effective Date. The effectiveness of the amendment and restatement of the Prior Credit Agreement in the
form of this Agreement is subject to the receipt by the Administrative Agent of each of the following documents, each of which shall be satisfactory to the Administrative Agent (and to the extent specified below, to each Lender) in form and
substance (or such condition shall have been waived in accordance with Section 9.02): 

  
 47 

 (a) The Administrative Agent shall have received at least one executed counterpart of this
Agreement from the Company, the Administrative Agent, the Issuing Bank and each Lender, and arrangements satisfactory to the Administrative Agent shall have been made for the delivery of additional executed counterparts, sufficient in number for
distribution to the Administrative Agent, the Issuing Bank, the Lenders and the Company, together with all Schedules and Exhibits thereto; 

(b) The Administrative Agent shall have received at least one executed counterpart of the Reimbursement Agreement from the Company and GS Bank,
and arrangements satisfactory to GS Bank shall have been made for the delivery of additional executed counterparts, sufficient in number for distribution to GS Bank and the Company, together with all Schedules and Exhibits thereto; 

(c) The Administrative Agent shall have received a favorable written opinion (addressed to the Administrative Agent, the Issuing Bank and the
Lenders and dated the Effective Date) of (i) the General Counsel of the Company, in a form reasonably satisfactory to the Administrative Agent and (ii) Jones Day, in a form reasonably satisfactory to the Administrative Agent; 

(d) The Administrative Agent shall have received documents and certificates relating to the organization, existence and good standing of the
Company, the authorization of the Transactions, the incumbency of the persons executing this Agreement on behalf of the Company, all in form and substance reasonably satisfactory to the Administrative Agent; 

(e) The Administrative Agent shall have received a certificate, dated the Effective Date and signed by the President, a Vice President or a
Financial Officer of the Company, confirming as of the Effective Date, that (i) the representations and warranties of the Company set forth in Article III of this Agreement are true and correct in all material respects on and as of such date
and (ii) no Default has occurred and is continuing; 
 (f) The Administrative Agent and each Lender (and its Affiliates) shall have
received all fees and other amounts due and payable on or prior to the Effective Date, including, to the extent invoiced, reimbursement or payment of all out-of-pocket expenses required to be reimbursed or paid by the Company hereunder; and 

(g) The Administrative Agent shall have received a Fee Letter, executed and delivered by the Company and the Administrative Agent, in a form
reasonably satisfactory to the Administrative Agent. 
 SECTION 4.02 Condition to Each Credit Event. The obligation of each
Lender to make a Loan to the Company on the occasion of any Borrowing (other than a Borrowing made to reimburse the Issuing Bank for any LC Disbursement as provided in Section 2.04), and the obligation of the Issuing Bank to issue, renew,
extend or increase the amount of the Letter of Credit, is subject to the satisfaction of the following conditions: 
 (a) The Administrative
Agent shall have received a Borrowing Request or an Issuance Notice, as applicable; 
 (b) The representations and warranties of the Company
set forth in Article III of this Agreement are true and correct in all material respects on and as of such date (except to the extent such representations and warranties relate to an earlier date in which case such representations and warranties
shall be true and correct in all material respects as of such earlier date); and 
 (c) At the time of and immediately after giving effect to
such Credit Event, (i) no Default or Event of Default shall have occurred and be continuing and (ii) no ISDA Credit Event shall have occurred with respect to the Company. Each Credit Event shall be deemed to constitute a representation and
warranty by the Company on the date thereof as to the satisfaction of the conditions described in subsections (b) and (c) of this Section 4.02. 

  
 48 

 ARTICLE V 

AFFIRMATIVE COVENANTS 

Until the Commitments have expired or been terminated, the principal of and interest on each Loan and all fees payable hereunder shall have
been paid in full, and the Letter of Credit shall have expired or terminated or have been cash collateralized or backstopped in a manner satisfactory to the Issuing Bank in its sole discretion, and all LC Disbursements shall have been reimbursed,
the Company covenants and agrees with the Lenders that: 
 SECTION 5.01 Financial Statements; Other Information. The Company
will furnish to the Administrative Agent, for the benefit of each Lender: 
 (a) within 90 days after the end of each fiscal year of the
Company, its audited consolidated balance sheet and statements of consolidated income, stockholders’ equity and comprehensive income and cash flows as of the end of and for such year, setting forth in each case in comparative form the figures
for the previous fiscal year, all reported on by the independent registered public accounting firm (without a “going concern” or like qualification or exception and without any qualification or exception as to the scope of such audit) to
the effect that such consolidated financial statements present fairly, in all material respects, the consolidated financial position and consolidated results of operations and cash flows of the Company and the consolidated Subsidiaries on a
consolidated basis in conformity with GAAP; 
 (b) within 45 days after the end of each of the first three fiscal quarters of each fiscal
year of the Company, its unaudited consolidated balance sheet and statements of income and cash flows as of the end of and for such fiscal quarter and the then elapsed portion of the fiscal year, setting forth in each case in comparative form the
figures for the corresponding period or periods of (or, in the case of the balance sheet, as of the end of) the previous fiscal year, all certified by one of its Financial Officers as presenting fairly, in all material respects, the financial
condition and results of operations of the Company and its consolidated Subsidiaries on a consolidated basis in accordance with GAAP, subject to normal year-end audit adjustments and the absence of footnotes; 

(c) concurrently with any delivery of financial statements under clause (a) or (b) above, a certificate of a Financial Officer of the
Company certifying as to whether a Default has occurred and is continuing and, if a Default has occurred and is continuing, specifying the details thereof and any action taken or proposed to be taken with respect thereto; 

(d) promptly after the same become publicly available, copies of all reports on Forms 10-K, 10-Q and 8-K (or any substitute or successor forms) filed by the Company with the SEC, or any Governmental Authority succeeding to any or all of the functions of the SEC, or
distributed by the Company to its shareholders generally, as the case may be; 
 (e) promptly following a request therefor, all documentation
and other information that any Lender reasonably requests as necessary in order for it to comply with its ongoing obligations under applicable “know your customer” and anti-money laundering rules and regulations, including the USA Patriot
Act; and 

  
 49 

 (f) promptly following any request therefor, such other information regarding the
operations, business affairs and financial condition of the Company or any Material Subsidiary, or compliance with the terms of this Agreement, as the Administrative Agent or any Lender may reasonably request. 

Information required to be delivered pursuant to this Section or to GSMC pursuant to the Reimbursement Agreement shall be deemed to have
been delivered if such information, or one or more annual, quarterly or current reports containing such information, shall have been posted by the Administrative Agent on an IntraLinks or similar site to which the Lenders have been granted access or
shall be available on the website of the SEC at http://www.sec.gov and, in either case, a confirming electronic correspondence shall have been delivered or caused to be delivered to the Lenders providing notice of such posting or availability;
provided that the Company shall deliver paper copies of such information to any Lender that requests such delivery. Information required to be delivered pursuant to this Section may also be delivered by electronic communications pursuant
to procedures approved by the Administrative Agent. 
 SECTION 5.02 Notices of Material Events. 

(a) The Company will furnish to the Administrative Agent written notice of the occurrence of any Default promptly after a Financial Officer
becomes aware thereof. Each notice delivered under this Section shall be accompanied by a statement of a Financial Officer or other executive officer of the Company setting forth the details of the event or development requiring such notice and
any action taken or proposed to be taken with respect thereto. 
 (b) The Company will furnish to the Administrative Agent written notice of
the occurrence of a designation of one or more “Successors” (as defined in and in accordance with the provisions set forth in the 2014 Credit Derivatives Definitions, with the Company being the “Reference Entity” referred to in
such term) to the Company promptly after a Financial Officer becomes aware thereof. 
 SECTION 5.03 Existence; Conduct of
Business. The Company will, and will cause each of the Material Subsidiaries to, do or cause to be done all things necessary to preserve, renew and keep in full force and effect its legal existence and the rights, licenses, permits, privileges
and franchises material to the conduct of its business except where the failure to do so would not reasonably be expected to have a Material Adverse Effect; provided that the foregoing shall not prohibit any merger or consolidation of the
Company permitted under Section 6.02 or any merger, consolidation, liquidation or dissolution of a Material Subsidiary that is not otherwise prohibited by the terms of this Agreement. 

SECTION 5.04 Anti-Corruption Laws. The Company shall, and shall cause each Subsidiary to, conduct its businesses in material
compliance with the United States Foreign Corrupt Practices Act of 1977, the UK Bribery Act 2010, and other similar anti-corruption legislation in other jurisdictions applicable to the Company and the Subsidiaries and maintain policies and
procedures, in the Company’s reasonable business judgment, designed to promote and achieve compliance with such laws applicable to the Company and the Subsidiaries. 

ARTICLE VI 
 NEGATIVE
COVENANTS 
 Until the Commitments shall have expired or been terminated, the principal of and interest on each Loan and all fees
payable hereunder shall have been paid in full, and the Letter of Credit shall have expired or terminated or have been cash collateralized or backstopped in a manner satisfactory to the Issuing Bank in its sole discretion, and all LC Disbursements
shall have been reimbursed, the Company covenants and agrees with the Lenders that: 

  
 50 

 SECTION 6.01 Equal and Ratable Security. The Company shall not, and shall not
permit any of its Restricted Subsidiaries to, directly or indirectly, create or permit to exist any Lien on any Principal Property, or shares of capital stock of any Restricted Subsidiary, whether owned on the date of this Agreement or thereafter
acquired, securing any obligation unless the Company contemporaneously secures the Company’s obligations under this Agreement equally and ratably with (or prior to) such obligation. The preceding sentence shall not require the Company to secure
the Company’s obligations under this Agreement if the Lien consists of the following: 
 (a) Permitted Liens; or 

(b) in addition to Permitted Liens, other Liens securing obligations in an amount not greater than 20% of Consolidated Net Tangible Assets at
any time. 
 SECTION 6.02 Fundamental Changes. The Company will not (i) merge into or consolidate with any other Person, or
permit any other Person to merge into or consolidate with it, (ii) sell, transfer, lease or otherwise dispose of (in one transaction or in a series of transactions and including by means of any merger or sale of capital stock or otherwise) all
or substantially all of its assets (whether now owned or hereafter acquired), or (iii) liquidate or dissolve, except that, in each case, (x) if at the time thereof and immediately after giving effect thereto no Default shall have occurred
and (y) be continuing, any Person may merge with or into or consolidate with the Company if the Company is the surviving Person. 

SECTION 6.03 Sanctions. The Company shall not directly or, to its knowledge, indirectly, use the proceeds of any Borrowing, or
lend, contribute or otherwise make available such proceeds to any Subsidiary, joint venture partner or other individual or entity, 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, Administrative Agent or
otherwise) of Sanctions. 
 SECTION 6.04 Anti-Corruption Laws. The Company shall not directly, or, to its knowledge, indirectly
use the proceeds of any Borrowing for any purpose which would breach the Anti-Corruption Laws. 
 ARTICLE VII 

EVENTS OF DEFAULT 
 If any
of the following events (“Events of Default”) shall occur: 
 (a) the Company shall fail to pay any principal of any
Loan or any reimbursement obligation in respect of any LC Disbursement when and as the same shall become due and payable, whether at the due date thereof or at a date fixed for prepayment thereof or otherwise; 

(b) the Company shall fail to pay any interest on any Loan or any fee or any other amount (other than an amount referred to in clause
(a) of this Article) payable under this Agreement, when and as the same shall become due and payable, and such failure shall continue unremedied for a period of five Business Days; 

  
 51 

 (c) any representation or warranty made or deemed made by or on behalf of the Company or any
Subsidiary in or in connection with this Agreement or any amendment or modification hereof or waiver hereunder, or in any report, certificate, financial statement or other document furnished pursuant to or in connection with this Agreement or any
amendment or modification hereof or waiver hereunder, shall prove to have been incorrect in any material respect when made or deemed made; 

(d) the Company shall fail to observe or perform any covenant, condition or agreement contained in Section 5.03 (but only with respect to
the Company’s existence) or in Article VI; 
 (e) the Company shall fail to observe or perform any covenant, condition or agreement
contained in this Agreement (other than those specified in clause (a), (b) or (d) of this Article), and such failure shall continue unremedied for a period of 60 days after written notice thereof from the Administrative Agent to the
Company (which notice will be given at the request of any Lender); 
 (f) an involuntary proceeding shall be commenced or an involuntary
petition shall be filed seeking (i) liquidation, reorganization or other relief in respect of the Company or any Material Subsidiary or its debts, or of a substantial part of its assets, under any Federal, state or foreign bankruptcy,
insolvency, receivership or similar law now or hereafter in effect or (ii) the appointment of a receiver, trustee, custodian, sequestrator, conservator or similar official for the Company or any Material Subsidiary or for a substantial part of
its assets, and, in any such case, such proceeding or petition shall continue undismissed for 60 days or an order or decree approving or ordering any of the foregoing shall be entered; or 

(g) the Company or any Material Subsidiary shall (i) voluntarily commence any proceeding or file any petition seeking liquidation,
reorganization or other relief under any Federal, state or foreign bankruptcy, insolvency, receivership or similar law now or hereafter in effect, (ii) consent to the institution of, or fail to contest in a timely and appropriate manner, any
proceeding or petition described in clause (f) of this Article, (iii) apply for or consent to the appointment of a receiver, trustee, custodian, sequestrator, conservator or similar official for the Company or any Material Subsidiary or
for a substantial part of its assets, (iv) file an answer admitting the material allegations of a petition filed against it in any such proceeding, (v) make a general assignment for the benefit of creditors or (vi) take any action for
the purpose of effecting any of the foregoing; 
 then, and in every such event (other than an event with respect to the Company described in clause
(f) or (g) of this Article), and at any time thereafter during the continuance of such event, the Administrative Agent, shall, at the request of the Required Lenders, by written notice to the Company, take either or both of the following
actions, at the same or different times: (i) terminate the Commitments, and thereupon the Commitments shall terminate immediately, and (ii) declare the Loans and all other Obligations then outstanding to be due and payable in whole (or in
part, in which case any principal amount not so declared to be due and payable may thereafter be declared to be due and payable), and thereupon the principal of the Loans and other Obligations so declared to be due and payable, together with accrued
interest thereon and all fees and other obligations of the Company hereunder, shall become due and payable immediately, without presentment, demand, protest or other notice of any kind, all of which are hereby waived by the Company; and in case of
any event with respect to the Company described in clause (f) or (g) of this Article, the Commitments shall automatically terminate and the principal of the Loans and all other Obligations then outstanding, together with accrued interest
thereon and all fees and other Obligations of the Company hereunder, shall automatically become due and payable, without presentment, demand, protest or other notice of any kind, all of which are hereby waived by the Company. 

  
 52 

 ARTICLE VIII 

THE ADMINISTRATIVE AGENT 

Each of the Lenders and the Issuing Bank hereby irrevocably appoints the Administrative Agent as its 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. 
 Any bank serving as the Administrative Agent hereunder shall have the same rights and powers in its capacity as a
Lender or the Issuing Bank as any other Lender and may exercise the same as though it were not the Administrative Agent and such bank and its Affiliates may accept deposits from, lend money to and generally engage in any kind of business with the
Company or any of its Subsidiaries thereof or other Affiliate thereof as if it were not the Administrative Agent hereunder. 
 The
Administrative Agent shall not have any duties or obligations except those expressly set forth for the Administrative Agent herein and in the other Loan Documents. Without limiting the generality of the foregoing, (a) the Administrative Agent
shall not be subject to any fiduciary or other implied duties, regardless of whether a Default has occurred and is continuing, (b) the Administrative Agent shall not have any duty to take any discretionary action or exercise any discretionary
powers, except discretionary rights and powers expressly contemplated hereby or by the other Loan Documents that the Administrative Agent is required to exercise in writing as directed by the Required Lenders, and (c) except as expressly set
forth herein and in other Loan Documents, the Administrative Agent shall have no duty to disclose, and shall not be liable for the failure to disclose, any information relating to the Company or any of its Subsidiaries that is communicated to or
obtained by the bank 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 with the consent or at the request of the Required Lenders (or
such other number or percentage of the Lenders as shall be necessary under the circumstances as provided in Section 9.02) to the extent required by Section 9.02 or in the absence of its own gross negligence or willful misconduct. 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 therewith,
(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 Article IV or elsewhere
herein, other than, in the case of the Administrative Agent, to confirm receipt of items expressly required to be delivered to the 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 believed by it to be genuine and to have been signed or sent 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 be made by the proper Person, and shall not incur any liability for relying thereon provided such reliance is made in good faith. Administrative Agent may consult with legal counsel (who may be counsel for the Company), 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 perform any and all its duties and exercise its rights and powers hereunder or under any other Loan Document by
or through any one or more subagents appointed by the Administrative Agent. The Administrative Agent and any such subagent may perform any and all its duties and exercise its rights and powers through their respective Related Parties. The
exculpatory provisions of the preceding subsections shall apply to any such subagent and to the Related Parties of the Administrative Agent and any such subagent, and shall apply to their respective activities in connection with the syndication of
the credit facilities provided for herein as well as activities as the Administrative Agent. 
  

  
 53 

 Subject to the appointment and acceptance of an appropriate successor Administrative Agent
as provided in this subsection, the Administrative Agent may resign at any time by notifying the Lenders, the Issuing Bank and the Company. Upon any such resignation, the Required Lenders shall have the right, with the consent of the Company (not to
be unreasonably withheld or delayed), to appoint a successor, which shall be a bank with an office in New York, New York, or an Affiliate of any such bank. If no such successor shall have been so appointed by the Required Lenders and shall have
accepted such appointment within 30 days after the retiring Administrative Agent gives notice of its resignation, then the retiring Administrative Agent may, on behalf of the Lenders, appoint with the consent of the Company (not to be unreasonably
withheld or delayed), a successor Administrative Agent, which shall be a bank with an office in New York, New York, or an Affiliate of any such bank. Upon the acceptance of its appointment as an Administrative Agent hereunder by a successor, such
successor shall succeed to and become vested with all the rights, powers, privileges and duties of the retiring Administrative Agent, and the retiring Administrative Agent shall be discharged from its duties and obligations hereunder. The fees
payable by the Company to a successor Administrative Agent shall be the same as those, if any, payable to its predecessor unless otherwise agreed between the Company and such successor. After the Administrative Agent’s resignation hereunder,
the provisions of this Article and Section 9.03 shall continue in effect for its benefit in respect of any actions taken or omitted to be taken by it while it was acting as Administrative Agent. 

Each Lender acknowledges that it has, independently and without reliance upon the Administrative Agent, the Issuing Bank or any other Lender
and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement. Each Lender also acknowledges that it will, independently and without reliance upon the Administrative
Agent, the Issuing Bank or any other Lender and based on such documents and information as it shall from time to time deem appropriate, continue to make its own decisions in taking or not taking action under or based upon this Agreement, any other
Loan Document, any other Loan Document, any related agreement or any document furnished hereunder or thereunder. 
 ARTICLE IX 

MISCELLANEOUS 

SECTION 9.01 Notices. Except in the case of notices and other communications expressly permitted to be given by telephone, all
notices and other communications provided for herein shall be in writing and shall be delivered by hand or overnight courier service, mailed by certified or registered mail or sent by telecopy, as follows: 

(a) if to the Company, to 101 W. Prospect Avenue, Cleveland, OH 44115, Telecopy: (216) 566-2984, E-mail: jjmiklich@sherwin.com, Attention:
Vice President and Treasurer with copies to the Senior Vice President – Finance and Chief Financial Officer, Telecopy No. (216) 566-2974, E-mail: sphennessy@sherwin.com and to the General Counsel, Telecopy No. (216) 566-1708, E-mail:
Mary.L.Garceau@sherwin.com; 
 (b) if to the Administrative Agent, to Goldman Sachs Bank USA, 200 West Street, New York, New York 10282,
Telephone: (972) 368-2746, Telecopy: (917) 977- 4587, Email: gs-sbdagency-borrowernotices@ny.email.gs.com and gs-loc-operations@ny.email.gs.com, Attention: Department Manager; 

  
 54 

 (c) if to any other Lender, to it at its address (or telecopy number) set forth in its
Administrative Questionnaire (a copy of which the Administrative Agent shall provide to the Company, unless such notice or communication was delivered by the Company); and 

(d) if to the Issuing Bank, to Goldman Sachs Mortgage Company, c/o Goldman Sachs Loan Operations, 2001 Ross Avenue, 29th Floor, Dallas, TX
75201, Telephone: (972) 368-2790, Telecopy: (917) 977-4587, Email: gs-sbdagency-borrowernotices@ny.email.gs.com, Attention: Letter of Credit Department Manager. 

Notices and other communications to the Lenders hereunder may be delivered or furnished by email or other electronic communications pursuant to procedures
approved by the Administrative Agent; provided that except as expressly provided in Article II, the foregoing shall not apply to notices pursuant to Article II unless otherwise agreed in writing by the Administrative Agent and the applicable
Lender. The Administrative Agent or the Company may, in its discretion, agree to accept notices and other communications to it hereunder by email or other electronic communications pursuant to procedures approved by it; provided that approval
of such procedures may be limited to particular notices or communications. 
 Any party hereto may change its address or telecopy number for notices and
other communications hereunder by notice to the other parties hereto. All notices and other communications given to any party hereto in accordance with the provisions of this Agreement shall be deemed to have been given on the date of receipt. 

SECTION 9.02 Waivers; Amendments. 

(a) No failure or delay by the Administrative Agent, the Issuing Bank or any Lender in exercising any right or power hereunder shall operate as
a waiver thereof, nor shall any single or partial exercise of any such right or power, or any abandonment or discontinuance of steps to enforce such a right or power, preclude any other or further exercise thereof or the exercise of any other right
or power. The rights and remedies of the Administrative Agent, the Issuing Bank and the Lenders hereunder are cumulative and are not exclusive of any rights or remedies that they would otherwise have. No waiver of any provision of this Agreement or
consent to any departure by the Company therefrom shall in any event be effective unless the same shall be permitted by this Section, and then such waiver or consent shall be effective only in the specific instance and for the purpose for which
given. Without limiting the generality of the foregoing, the making of a Loan shall not be construed as a waiver of any Default, regardless of whether the Administrative Agent, the Issuing Bank or any Lender may have had notice or knowledge of such
Default at the time. 
 (b) NeitherExcept as otherwise expressly set forth in this Agreement (including Section 2.19), neither this Agreement nor any provision hereof may be waived, amended or modified except pursuant to an agreement or agreements in writing entered into by the Company and the Required Lenders and, if a majority of the
Commitments, Loans or LC Exposure is held by Defaulting Lenders, the Administrative Agent or by the Company and the Administrative Agent with the consent of the Required Lenders; provided that no such agreement shall (i) increase the
Commitment of any Lender without the written consent of such Lender, (ii) reduce the principal amount of any Loan or LC Disbursement or reduce the rate of interest thereon (other than with respect to default interest), or reduce any fees
payable hereunder, without the written consent of each Lender affected thereby and the Issuing Bank, (iii) postpone the 

  
 55 

 
scheduled date of payment of the principal amount of any Loan or LC Disbursement, or any interest thereon, or any fees or any other amount payable hereunder, or reduce the amount of, waive or
excuse any such payment, or postpone the scheduled date of scheduled reduction or expiration of any Commitment, without the written consent of each Lender affected thereby, (iv) change Section 2.16(b) or (c) in a manner that would
alter the pro rata sharing of payments required thereby without the written consent of each Lender, or (v) change any of the provisions of this Section or the definition of “Required Lenders” or any other provision hereof
specifying the number or percentage of Lenders required to waive, amend or modify any rights hereunder or make any determination or grant any consent hereunder without the written consent of each Lender; provided, however, 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 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 more adversely than other affected Lenders shall require the consent of such Defaulting Lender; and provided further that (A) no such agreement shall amend, modify or otherwise affect the rights or
duties of the Administrative Agent hereunder without the prior written consent of the Administrative Agent and (B) no amendment, modification or waiver of this Agreement or any provision hereof that would alter the rights or duties of the
Issuing Bank hereunder shall be effective without the written consent of the Issuing Bank. 
 (c) Notwithstanding any provision herein
to the contrary, the Administrative Agent and the Company may amend, modify or supplement this Agreement or any other Loan Document to cure or correct administrative errors or omissions, any ambiguity, omission, defect or inconsistency or to effect
administrative changes, and such amendment shall become effective without any further consent of any other party to such Loan Document so long as (i) such amendment, modification or supplement does not adversely affect the rights of any Lender
in any material respect and (ii) the Lenders shall have received at least five (5) Business Days’ prior written notice thereof and the Administrative Agent shall not have received, within five (5) Business Days of the date of
such notice to the Lenders, a written notice from the Required Lenders stating that the Required Lenders object to such amendment. 

SECTION 9.03 Expenses; Indemnity; Damage Waiver. 

(a) The Company agrees to 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 preparation and administration of this Agreement or any amendments, modifications or waivers of the provisions
hereof (whether or not the transactions contemplated hereby or thereby shall be consummated) and (ii) all reasonable and documented out-of-pocket expenses incurred by the Administrative Agent, the Issuing Bank or any Lender, including the
reasonable fees, charges and disbursements of any counsel for the Administrative Agent, the Issuing Bank or any Lender, in connection with the enforcement or protection of its rights in connection with this Agreement, including its rights under this
Section, or in connection with the Loans made hereunder and the Letter of Credit, including in connection with any workout, restructuring or negotiations in respect thereof. 

(b) The Company agrees to indemnify the Administrative Agent, the Issuing Bank and each 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 fees, charges and
disbursements of any counsel for any Indemnitee, incurred by or asserted against any Indemnitee arising out of, in connection with, or 

  
 56 

 
as a result of (i) the execution or delivery of this Agreement or any agreement or instrument contemplated hereby, the performance by the parties hereto of their respective obligations
hereunder or the consummation of the Transactions or any other transactions contemplated hereby, (ii) any Loan or the Letter of Credit or the use of the proceeds thereof (including any refusal by the Issuing Bank to honor a demand for payment
under the Letter of Credit if the documents presented in connection with such demand do not strictly comply with the terms of the Letter of Credit), (iii) any actual or alleged presence or release of Hazardous Materials on or from any property
owned or operated by the Company or any of its Subsidiaries giving rise to liability under any Environmental Law, or any Environmental Liability related in any way to the Company 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 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 are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from the bad faith, gross
negligence or willful misconduct of such Indemnitee or its Affiliates or from a breach of this Agreement by such Indemnitee. This Section 9.03(b) shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages,
etc. arising from any non-Tax claim. 
 (c) To the extent that the Company fails to pay any amount required to be paid by it to the
Administrative Agent or the Issuing Bank under subsection (a) or (b) of this Section, each Lender severally agrees to pay to the Administrative Agent or the Issuing Bank, as the case may be, such Lender’s Applicable Percentage
(determined as of the time that the applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount; provided 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 the Issuing Bank in its capacity as such. 
 (d) To the extent
permitted by applicable law, no party hereto shall assert, and each party hereto hereby waives, any claim against any other party, on any theory of liability, for special, consequential or punitive damages (as opposed to direct or actual damages)
arising out of, in connection with, or as a result of, this Agreement or any agreement or instrument contemplated hereby, the Transactions, any Loan, the Letter of Credit or the use of the proceeds thereof. 

(e) All amounts due under this Section shall be payable promptly after written demand therefore accompanied by the appropriate invoice or
other detail supporting such amount. 
 SECTION 9.04 Successors and Assigns. 

(a) The provisions of this Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and
assigns permitted hereby, except that (i) the Company may not assign or otherwise transfer any of its rights or obligations hereunder without the prior written consent of each Lender (and any attempted assignment or transfer by the Company
without such consent shall be null and void) and (ii) no Lender may assign or otherwise transfer its rights or obligations hereunder except in accordance with this Section. 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 and, to the extent expressly contemplated hereby, Participants and the Related Parties of the Administrative Agent, the Issuing Bank and
the Lenders) any legal or equitable right, remedy or claim under or by reason of this Agreement. 

  
 57 

 (b) Any Lender may assign all or a portion of its rights and obligations under this
Agreement (including all or a portion of its Commitment and the Loans and participations in LC Disbursements at the time owing to it) to one or more Eligible Assignees with the prior written consent of the Administrative Agent, the Company (except
in the case of an assignment to a Lender or an Affiliate of a Lender) and, in the case of any assignment of a Commitment, the Issuing Bank (which consent shall not be unreasonably withheld); provided, however, that (i) the Company’s
consent shall not be required if either (x) an Event of Default or an “Event of Default” under (and as defined in) the Reimbursement Agreement has occurred and is continuing or (y) an ISDA Credit Event has occurred and such
assignment is made in connection with a settlement or delivery to a counterparty in connection with a credit default swap and (ii) any assignment made by a Lender in one of the circumstances contemplated by clause (i) of this proviso may
be an assignment by such Lender of all or a portion of its rights and/or obligations under this Agreement (including all or a portion of its Commitment and/or the Loans and/or participations in LC Disbursements at the time owing to it (it being
understood and agreed that any partial assignment may be made as an assignment of all or part of the assigning Lender’s rights and/or obligations under this Agreement)). Except in the case of an assignment to a Lender or an Affiliate of a
Lender or an assignment of the entire remaining amount of the assigning Lender’s Commitments, (A) the amount of the Commitments of the assigning Lender subject to each such assignment (determined as of the date the Assignment and
Acceptance with respect to such assignment is delivered to the Administrative Agent) shall not be less than $5,000,000 and (B) other than an assignment made in connection with a settlement or delivery to a counterparty in connection with a
credit default swap due to the occurrence of an ISDA Credit Event, 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, in each case, unless
each of the Company and the Administrative Agent otherwise consent. The parties to each assignment shall execute and deliver to the Administrative Agent an Assignment and Acceptance, together (except in the case of an assignment by a Lender to one
of its Affiliates or an assignment as a result of any of the events contemplated by Section 2.17) with a processing and recordation fee of $3,500 (which may be waived by the Administrative Agent in its sole discretion), and the assignee, if it
shall not be a Lender, shall deliver to the Administrative Agent an Administrative Questionnaire. Upon acceptance and recording pursuant to subsection (d) of this Section 9.04, from and after the effective date specified in each Assignment
and Acceptance, the assignee thereunder shall be a party hereto and, to the extent of the interest assigned by such Assignment and Acceptance, 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 Acceptance, be released from its obligations under this Agreement (and, in the case of an Assignment and Acceptance 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 2.13, 2.14, 2.15 and 9.03). Any assignment or transfer by a Lender of rights or obligations under this
Agreement that does not comply with this subsection 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 subsection (e) of this Section. Notwithstanding
the foregoing, no assignment shall be made to (i) a Defaulting Lender or any of its Subsidiaries, or any Person who, upon becoming a Lender hereunder, would constitute a Defaulting Lender, (ii) a natural person or (iii) the Company
and its Affiliates. 
 (c) The Administrative Agent, acting for this purpose as an agent of the Company, shall maintain at one of its offices
in New York City a copy of each Assignment and Acceptance delivered to it and a register for the recordation of the names and addresses of the Lenders, and the Commitments of, and principal amount of the Loans and LC Disbursements owing to, each
Lender pursuant to the terms hereof from time to time (the “Register”). The entries in the Register shall be conclusive absent manifest error, and the Company, the Administrative Agent, the Lenders and the Issuing Bank may
treat each Person whose name is recorded in the Register pursuant to the terms hereof as a Lender hereunder for all purposes of this Agreement, notwithstanding notice to the contrary. In addition, the Administrative Agent shall maintain on the
Register information regarding the designation, and revocation of designation, of any Lender as a Defaulting Lender. The Register shall be available for inspection by the Company, the Issuing Bank, and any Lender, at any reasonable time and from
time to time upon reasonable prior notice. 

  
 58 

 (d) Upon its receipt of a duly completed Assignment and Acceptance executed by an assigning
Lender and an assignee permitted under subsection (b) of this Section, the assignee’s completed Administrative Questionnaire (unless the assignee shall already be a Lender hereunder), the processing and recordation fee referred to in
subsection (b) of this Section and any written consent to such assignment required by subsection (b) of this Section, the Administrative Agent shall accept such Assignment and Acceptance and record the information contained therein in the
Register. No assignment shall be effective for purposes of this Agreement unless it has been recorded in the Register as provided in this subsection. 

(e) Any Lender may, without the consent of any of the Company, the Administrative Agent or the Issuing Bank, sell participations to (i) so
long as no Event of Default or an “Event of Default” under, and as defined in, the Reimbursement Agreement has occurred and is continuing, one or more Eligible Assignees and (ii) in the event that an Event of Default or an “Event
of Default” under, and as defined in, the Reimbursement Agreement has occurred and is continuing, to one or more banks or other entities (in each case, other than a natural person, a Defaulting Lender or the Company or its Affiliates) (each a
“Participant”) in all or a portion of such Lender’s rights and obligations under this Agreement (including all or a portion of its Commitment and the Loans owing to it); provided that (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, (iii) the Company, the Administrative Agent, the Issuing Bank
and the other Lenders shall continue to deal solely and directly with such Lender in connection with such Lender’s rights and obligations under this Agreement, and (iv) the Company is notified of each participation sold to a Participant.
Any agreement or instrument pursuant to which a Lender sells such a participation shall provide that such Lender shall retain the sole right to enforce this Agreement and to approve any amendment, modification or waiver of any provision of this
Agreement; provided that such agreement or instrument may provide that such Lender will not, without the consent of the Participant, agree to any amendment, modification or waiver described in the first proviso to Section 9.02(b) that
affects such Participant. Subject to subsection (f) of this Section 9.04, the Company agrees that each Participant shall be entitled to the benefits of Sections 2.13, 2.14 and 2.15 to the same extent as if it were a Lender and had acquired
its interest by assignment pursuant to subsection (b) of this Section. To the extent permitted by applicable law and provided the requirements of this Section 9.04(e) are satisfied, each Participant also shall be entitled to the
benefits of Section 9.09 as though it were a Lender, provided such Participant agrees to be subject to Section 2.15(f) and (g) as though it were a Lender. 

(f) A Participant shall not be entitled to receive any greater payment under Section 2.13 or 2.15 than the applicable Lender would have
been entitled to receive with respect to the participation sold to such Participant, unless the sale of the participation to such Participant is made with the Company’s prior written consent. A Participant that would be a Foreign Lender if it
were a Lender shall not be entitled to the benefits of Section 2.15 unless the requirements of Section 9.04(e) are satisfied. 

(g) 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 such pledge or assignment to a Federal Reserve Bank, and this Section shall not apply to any such pledge or assignment of a security interest; provided that no such pledge or assignment of a
security interest shall release a Lender from any of its obligations hereunder or substitute any such assignee for such Lender as a party hereto. 

  
 59 

 (h) 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 the Company 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 or any Lender hereunder (and interest accrued thereon) and (y) acquire (and fund as appropriate) its full pro rata share of all Loans in accordance with its
Applicable 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
(h), then the assignee of such interest shall be deemed to be a Defaulting Lender for all purposes of this Agreement until such compliance occurs. 

SECTION 9.05 Survival. All covenants, agreements, representations and warranties made by the Company herein and in the
certificates or other instruments delivered in connection with or pursuant to this Agreement shall be considered to have been relied upon by the other parties hereto and shall survive the execution and delivery of this Agreement and the occurrence
of any Credit Event, regardless of any investigation made by any such other party or on its behalf and notwithstanding that the Administrative Agent or any Lender may have had notice or knowledge of any Default or incorrect representation or
warranty at the time any credit is extended hereunder, and shall continue in full force and effect as long as the principal of or any accrued interest on any Loan or any fee or any other amount payable under this Agreement is outstanding and unpaid
and so long as the Commitments have not expired or terminated. The provisions of Sections 2.13, 2.14, 2.15 and 9.03 shall survive and remain in full force and effect regardless of the consummation of the transactions contemplated hereby, the
repayment of the Loans, the expiration or termination of the Commitments or the termination of this Agreement or any provision hereof. 

SECTION 9.06 USA Patriot Act. Each Lender hereby notifies the Company that pursuant to the requirements of the USA Patriot Act, it
is required to obtain, verify and record information that identifies the Company, which information includes the name and address of the Company and other information that will allow such Lender to identify the Company in accordance with its
requirements. 
 SECTION 9.07 Counterparts; Integration; Effectiveness. This Agreement and any other Loan Document may be
executed in counterparts (and by different parties hereto on different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract, it being understood and agreed that the words
“execution,” “signed,” “signature,” and words of similar import in, or with respect to, any Loan Document shall be deemed to include electronic signatures or the keeping of records in electronic form (including, without
limitation, the execution by means of “DocuSign”, or other similar platform or service approved by the Administrative Agent), each of which shall be of the same effect, validity and enforceability as manually executed signatures or a
paper-based recordkeeping system, as the case may be, to the extent and as provided for under applicable law, including the Electronic Signatures in Global and National Commerce Act of 2000 (15 USC § 7001 et seq.), the Electronic Signatures and
Records Act of 1999 (NY State Technology Law §§ 301-309), or any other similar state laws based on the Uniform Electronic Transactions Act; provided, that any electronic signature delivered by means of “DocuSign”, or other
similar third-party platform by one party shall be at the request of any other party hereto promptly followed by an email attestation by such party to the recipient party confirming that such electronic signature so delivered is the signature of
such party; and  

  
 60 

 
provided, further, that upon the request of the Administrative Agent, any electronic signature shall be followed by a manually executed counterpart as promptly as reasonably
practicable. This Agreement, the Letter of Credit, the Reimbursement Agreement, the Fee Letter and any other separate letter agreements with respect to fees payable to the Administrative Agent constitute the entire contract among the parties
relating to the subject matter hereof and supersede any and all previous agreements and understandings, oral or written, relating to the subject matter hereof. Except as provided in Section 4.01, this Agreement shall become effective when it
shall have been executed by the Administrative Agent and when the Administrative Agent shall have received counterparts hereof which, when taken together, bear the signatures of each of the other parties hereto, and thereafter shall be binding upon
and inure to the benefit of the parties hereto and their respective successors and assigns. 
 SECTION 9.08 Severability. To the
fullest extent permitted by law, any provision of this Agreement held to be invalid, illegal or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such invalidity, illegality or unenforceability without
affecting the validity, legality and enforceability of the remaining provisions hereof; and the invalidity of a particular provision in a particular jurisdiction shall not invalidate such provision in any other jurisdiction. Without limiting the
foregoing provisions of this Section 9.08, if and to the extent that the enforceability of any provisions in this Agreement relating to Defaulting Lenders shall be limited by Debtor Relief Laws, as determined in good faith by the Administrative
Agent, then such provisions shall be deemed to be in effect only to the extent not so limited. 
 SECTION 9.09 Right of Setoff.
If an Event of Default shall have occurred and be continuing, each Lender is hereby authorized at any time and from time to time, to the fullest extent permitted by law, to set off and apply any and all deposits (general or special, time or demand,
provisional or final) at any time held and other indebtedness at any time owing by such Lender to or for the credit or the account of the Company against any of and all the obligations of the Company now or hereafter existing under this Agreement or
any other Loan Document held by such Lender, irrespective of whether or not such Lender shall have made any demand under this Agreement or any other Loan Document and although such obligations may be unmatured; provided that in the event that
any Defaulting Lender 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 2.18 and, pending
such payment, shall be segregated by such Defaulting Lender 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 as to which it exercised such right of setoff. The rights of each Lender under this Section are in addition to other rights and remedies (including
other rights of setoff) which such Lender may have. Any Lender exercising any of its rights pursuant to this Section shall provide notice of the same to the Company promptly after exercising the same; provided, however, the failure to give
such notice shall not affect the validity of such setoff. 
 SECTION 9.10 Governing Law; Jurisdiction; Consent to Service of
Process; Process Agent; Waiver of Immunity. 
 (a) This Agreement and the other Loan Documents shall be construed in accordance with and
governed by the law of the State of New York. 
 (b) The Company hereby irrevocably and unconditionally submits, for itself and its property,
to the nonexclusive jurisdiction of the Supreme Court of the State of New York sitting in New York County and of the United States District Court of the Southern District of New York, and any appellate court from any thereof, in any action or
proceeding arising out of or relating to this Agreement or any other 

  
 61 

 
Loan Document, or for recognition or enforcement of any judgment, and each of the parties hereto hereby irrevocably and unconditionally agrees that all claims in respect of any such action or
proceeding may be heard and determined in such New York State or, to the extent permitted by law, in such Federal court. Each of the parties hereto agrees that a final judgment in any such action or proceeding shall be conclusive and may be enforced
in other jurisdictions by suit on the judgment or in any other manner provided by law. Nothing in this Agreement or in any other Loan Document shall affect any right that the Administrative Agent or any Lender or the Issuing Bank may otherwise have
to bring any action or proceeding relating to this Agreement or any other Loan Document against the Company or its properties in the courts of any jurisdiction. 

(c) The Company hereby irrevocably and unconditionally waives, to the fullest extent it may legally and effectively do so, any objection which
it may now or hereafter have to the laying of venue of any suit, action or proceeding arising out of or relating to this Agreement or any other Loan Document in any court referred to in subsection (b) of this Section. Each of the parties hereto
hereby irrevocably waives, to the fullest extent permitted by law, the defense of an inconvenient forum to the maintenance of such action or proceeding in any such court. 

(d) The Company and each other party to this Agreement irrevocably consent to service of process in the manner provided for notices to it in
Section 9.01. Nothing in this Agreement will affect the right of any party to this Agreement to serve process in any other manner permitted by law. 

SECTION 9.11 WAIVER OF JURY TRIAL. EACH PARTY HERETO HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY
RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT, ANY OTHER LOAN DOCUMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY AND THEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY
OTHER THEORY). EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING
WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION. 

SECTION 9.12 Headings. Article and Section headings and the Table of Contents used herein are for convenience of reference only,
are not part of this Agreement and shall not affect the construction of, or be taken into consideration in interpreting, this Agreement. 

SECTION 9.13 Confidentiality. Each of the Administrative Agent and the Lenders and the Issuing Bank agrees to maintain the
confidentiality of the Information (as defined below), except that Information may be disclosed (a) to its and its Affiliates’ directors, officers, employees and agents, including accountants, legal counsel and other advisors (it being
understood that the Persons to whom such disclosure is made will be informed of the confidential nature of such Information and instructed to keep such Information confidential) on a “need to know” basis solely in connection with the
Transactions; (b) to the extent requested by any regulatory
authority,;
 provided, however, that, to the extent legally permitted, the Company is promptly notified in order that it may seek a protective order or take other appropriate action; (c) to the extent
required by applicable laws or regulations or by any subpoena or similar legal process,; provided, however, that, to the extent legally permitted, the
Company is promptly notified in order that it may seek a protective order or take other appropriate action; (d) to any other party 

  
 62 

 
to this Agreement; (e) to the extent reasonably required or reasonably deemed advisable in connection with the exercise of any remedies hereunder or any suit, action or proceeding relating
to this Agreement or the enforcement of rights hereunder; (f) 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 or obligations under this Agreement or (ii) any actual or prospective counterparty (or its advisors) to any securitization, swap or derivatives transaction relating to the Company, any Subsidiaries and the
obligations hereunder; (g) with the consent of the Company; (h) to the extent such Information (i) becomes publicly available other than as a result of a breach of this Section or (ii) becomes available to the Administrative
Agent, any Lender or the Issuing Bank on a nonconfidential basis from a source other than the Company; or (i) with advance notice to the Company (which notice shall be delivered to the Company at least two Business Days in advance to the extent
practicable), (A) to the Determinations Committee to the extent the Administrative Agent or the Issuing Bank reasonably believes such information is necessary for the Determinations Committee to properly adjudicate whether a
“Bankruptcy” (as defined in Section 4.2 of the 2014 Credit Derivatives Definitions) or a “Failure to Pay” (as defined in Section 4.5 of the 2014 Credit Derivatives Definitions), taking into account Section 4.1 of
the 2014 Credit Derivatives Definitions, with respect to the Company as the “Reference Entity” has occurred with respect to the Company or whether a Loan constitutes a “Deliverable Obligation” (as defined in the 2014 Credit
Derivatives Definitions) in connection with a credit default swap auction or (B) to any counterparty (or its advisors) to any securitization, swap or derivatives transaction relating to the Company, any Subsidiaries of the Company and the
obligations hereunder (it being agreed that any such disclosure pursuant to clause (A) or (B) of this clause (i) may be made in a manner that causes such information to become “Publicly Available Information” (as defined in
the 2014 Credit Derivatives Definitions)). For the purposes of this Section, “Information” means all information received from the Company in connection with this Agreement relating to the Company or its business, other than
any such information that is available to the Administrative Agent, any Lender or the Issuing Bank on a nonconfidential basis prior to disclosure by the Company; provided that, in the case of information received from the Company after the
date hereof, such information is clearly identified as confidential at the time of delivery or delivered under circumstances that would cause a reasonable person to believe such information to be 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 information. 
 SECTION 9.14 Interest Rate Limitation. Notwithstanding anything herein to
the contrary, if at any time the interest rate applicable to any Loan, together with all fees, charges and other amounts which are treated as interest on such Loan under applicable law (collectively the “Charges”), shall
exceed the maximum lawful rate (the “Maximum Rate”) which may be contracted for, charged, taken, received or reserved by the Lender holding such Loan in accordance with applicable law, the rate of interest payable in respect
of such Loan hereunder, together with all Charges payable in respect thereof, shall be limited to the Maximum Rate and, to the extent lawful, the interest and Charges that would have been payable in respect of such Loan but were not payable as a
result of the operation of this Section shall be cumulated and the interest and Charges payable to such Lender in respect of other Loans or periods shall be increased (but not above the Maximum Rate therefor) until such cumulated amount,
together with interest thereon at the Federal Funds Effective Rate to the date of repayment, shall have been received by such Lender. 

SECTION 9.15 Acknowledgement and Consent to Bail-In of Affected Financial Institutions. Notwithstanding anything to the contrary
in any Loan Document or in any other agreement, arrangement or understanding among any such parties, each party hereto acknowledges that any liability of any Affected 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 the applicable Resolution Authority and agrees and consents to, and acknowledges and agrees to be bound by: 

  
 63 

 (a) the application of any Write-Down and Conversion Powers by the applicable Resolution
Authority to any such liabilities arising hereunder which may be payable to it by any party hereto that is an Affected Financial Institution; and 

(b) the effects of any Bail-in Action on any such liability, including, if applicable: 

 

	 	(i)	 a reduction in full or in part or cancellation of any such liability; 

 

	 	(ii)	 a conversion of all, or a portion of, such liability into shares or other instruments of ownership in such
Affected Financial Institution, its parent undertaking, or a bridge institution that may be issued to it or otherwise conferred on it, and that such shares or other instruments of ownership will be accepted by it in lieu of any rights with respect
to any such liability under this Agreement or any other Loan Document; or 

  

	 	(iii)	 the variation of the terms of such liability in connection with the exercise of the write-down and conversion
powers of the applicable Resolution Authority. 

 SECTION 9.16 Anti-Boycott Regulations. The representations
and warranties provided for in Section 3.08 shall only apply to the Company and its respective Subsidiaries which are bound by any Anti-Boycott Regulations insofar as the giving thereof and compliance therewith do not and will not result in a
violation of or conflict with or liability under any Anti-Boycott Regulations. 
 SECTION 9.17 Erroneous Payments. 

(a) If the
Administrative Agent notifies a Lender, the Issuing Bank or any Person who has received funds on behalf of a Lender or the Issuing Bank (any such Lender, the Issuing Bank or other recipient, a “Payment Recipient”) that the
Administrative Agent has determined in its sole discretion (whether or not after receipt of any notice under immediately succeeding clause (b)) that any funds received by such Payment Recipient from the Administrative Agent or any of its Affiliates
were erroneously transmitted to, or otherwise erroneously or mistakenly received by, such Payment Recipient (whether or not known to such Lender, the Issuing Bank or other Payment Recipient on its behalf) (any such funds, whether received as a
payment, prepayment or repayment of principal, interest, fees, distribution or otherwise, individually and collectively, an “Erroneous Payment”) and demands the return of such Erroneous Payment (or a portion thereof), such
Erroneous Payment shall at all times remain the property of the Administrative Agent and shall be segregated by the Payment Recipient and held in trust for the benefit of the Administrative Agent, and such Lender or the Issuing Bank shall (or, with
respect to any Payment Recipient who received such funds on its behalf, shall cause such Payment Recipient to) promptly, but in no event later than two Business Days thereafter, return to the Administrative Agent the amount of any such Erroneous
Payment (or portion thereof) as to which such a demand was made, in same day funds (in the currency so received), together with interest thereon in respect of each day from and including the date such Erroneous Payment (or portion thereof) was
received by such Payment Recipient to the date such amount is repaid to the Administrative Agent in same day funds at the greater of the Overnight Rate and a rate determined by the Administrative Agent in accordance with banking industry rules on
interbank compensation from time to time in effect. A notice of the Administrative Agent to any Payment
Recipient under this clause (a) shall be conclusive, absent manifest error. 

  
 64 

(b) Without
limiting immediately preceding clause (a), each Lender or the Issuing Bank or any Person who has received funds on behalf of a Lender or the Issuing Bank hereby further agrees that if it receives a payment, prepayment or repayment (whether received
as a payment, prepayment or repayment of principal, interest, fees, distribution or otherwise) from the Administrative Agent (or any of its Affiliates) (x) that is in a different amount than, or on a different date from, that specified in a
notice of payment, prepayment or repayment sent by the Administrative Agent (or any of its Affiliates) with respect to such payment, prepayment or repayment, (y) that was not preceded or accompanied by a notice of payment, prepayment or
repayment sent by the Administrative Agent (or any of its Affiliates), or (z) that such Lender or the Issuing Bank, or other such recipient, otherwise becomes aware was transmitted, or received, in error or by mistake (in whole or in part) in
each case: 
 (i) (A) in the case of immediately preceding clauses (x) or (y), an error shall be presumed to have been made
(absent written confirmation from the Administrative Agent to the contrary) or (B) an error has been made (in the case of immediately preceding clause (z)), in each case, with respect to such payment, prepayment or repayment; and 

(ii)
 such Lender or the Issuing Bank shall (and shall cause any other recipient that receives funds on its respective behalf to) promptly (and, in all events, within one Business Day of its knowledge of such error) notify the Administrative Agent of its
receipt of such payment, prepayment or repayment, the details thereof (in reasonable detail) and that it is so notifying the Administrative Agent pursuant to this Section 9.17(b). 

(c) Each
Lender and the Issuing Bank hereby authorizes the Administrative Agent to set off, net and apply any and all amounts at any time owing to such Lender or the Issuing Bank under any Loan Document, or otherwise payable or distributable by the
Administrative Agent to such Lender or the Issuing Bank from any source, against any amount due to the Administrative Agent under immediately preceding clause (a) or under the indemnification provisions of this Agreement. 

(d) In the
event that an Erroneous Payment (or portion thereof) is not recovered by the Administrative Agent for any reason, after demand therefor by the Administrative Agent in accordance with immediately preceding clause (a), from any Lender or the Issuing
Bank that has received such Erroneous Payment (or portion thereof) (and/or from any Payment Recipient who received such Erroneous Payment (or portion thereof) on its respective behalf) (such unrecovered amount, an “Erroneous Payment
Return Deficiency”), upon the Administrative Agent’s notice to such Lender or the Issuing Bank at any time, (i) such Lender or the Issuing Bank shall be deemed to have assigned its Loans (but not its Commitments) with respect
to which such Erroneous Payment was made in an amount equal to the Erroneous Payment Return Deficiency (or such lesser amount as the Administrative Agent may specify) (such assignment of the Loans (but not Commitments), the “Erroneous
Payment Deficiency Assignment”) at par plus any accrued and unpaid interest (with the assignment fee to be waived by the Administrative Agent in such instance), and is hereby (together with the Company) deemed to execute and deliver an
Assignment and Acceptance with respect to such Erroneous Payment Deficiency Assignment, and such Lender or the Issuing Bank shall deliver any promissory notes evidencing such Loans to the Company or the Administrative Agent, (ii) the
Administrative Agent as the assignee Lender shall be deemed to acquire the Erroneous Payment Deficiency Assignment, (iii) upon such deemed acquisition, the Administrative Agent as the assignee Lender shall become a Lender or the Issuing Bank,
as applicable, hereunder with respect to such Erroneous Payment Deficiency Assignment and the assigning Lender or assigning Issuing Bank shall cease to be a Lender or the Issuing Bank, as applicable,  

  
 65 

 
hereunder with respect to such Erroneous Payment Deficiency
Assignment, excluding, for the avoidance of doubt, its obligations under the indemnification provisions of this Agreement and its applicable Commitments which shall survive as to such assigning Lender or assigning Issuing Bank and (iv) the
Administrative Agent may reflect in the Register its ownership interest in the Loans subject to the Erroneous Payment Deficiency Assignment. The Administrative Agent may, in its discretion, sell any Loans acquired pursuant to an Erroneous Payment
Deficiency Assignment and upon receipt of the proceeds of such sale, the Erroneous Payment Return Deficiency owing by the applicable Lender or the Issuing Bank shall be reduced by the net proceeds of the sale of such Loan (or portion thereof), and
the Administrative Agent shall retain all other rights, remedies and claims against such Lender or the Issuing Bank (and/or against any recipient that receives funds on its respective behalf). For the avoidance of doubt, no Erroneous Payment
Deficiency Assignment will reduce the Commitments of any Lender or the Issuing Bank and such Commitments shall remain available in accordance with the terms of this Agreement. In addition, each party hereto agrees that, except to the extent that the
Administrative Agent has sold a Loan (or portion thereof) acquired pursuant to an Erroneous Payment Deficiency Assignment, and irrespective of whether the Administrative Agent may be equitably subrogated, the Administrative Agent shall be
contractually subrogated to all the rights and interests of the applicable Lender or the Issuing Bank under the Loan Documents with respect to each Erroneous Payment Return Deficiency. 

(e) The
parties hereto agree that an Erroneous Payment shall not pay, prepay, repay, discharge or otherwise satisfy any obligations owed by the Company, except, in each case, to the extent such Erroneous Payment is, and solely with respect to the amount of
such Erroneous Payment that is, comprised of funds received by the Administrative Agent from the Company or any of their respective Affiliates for the purpose of making such Erroneous Payment.

(f) To the
extent permitted by applicable law, no Payment Recipient shall assert any right or claim to an Erroneous Payment, and hereby waives, and is deemed to waive, any claim, counterclaim, defense or right of set-off or recoupment with respect to any
demand, claim or counterclaim by the Administrative Agent for the return of any Erroneous Payment received, including without limitation waiver of any defense based on “discharge for value” or any similar doctrine. 

(g) Each
party’s obligations, agreements and waivers under this Section 9.17 shall survive the resignation or replacement of the Administrative Agent, any transfer of rights or obligations by, or the replacement of, a Lender or the Issuing Bank,
the termination of the Commitments and/or the repayment, satisfaction or discharge of all obligations hereunder (or any portion thereof) under any Loan Document. 

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] 

  
 66 

 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed by
their respective authorized officers as of the day and year first above written. 
  

			
	THE SHERWIN-WILLIAMS COMPANY
		
	By:	 	  

		 	Name:
		 	Title:
	
	 GOLDMAN SACHS BANK USA,
 as
Administrative Agent and as Lender

		
	By:	 	  

		 	Name:
		 	Title:
	
	 GOLDMAN SACHS MORTGAGE COMPANY,

as Issuing Bank

	
	 By: Goldman Sachs Real Estate Funding Corp., its General Partner

		
	By:	 	  

		 	Name:
		 	Title:

 [SIGNATURE PAGE OF SHERWIN-WILLIAMS A&R CREDIT AGREEMENT] 

 EXHIBIT A 

to Credit Agreement 
 FORM
OF 
 ASSIGNMENT AND ACCEPTANCE 

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

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

 

					
	1.    	  	Assignor:	  	  

		  	Assignor [is] [is not] a Defaulting Lender.
			
	2.	  	Assignee:	  	  

		  		  	[an Affiliate of [Lender]]
			
	3.	  	Company:	  	THE SHERWIN-WILLIAMS COMPANY
			
	4.	  	Administrative Agent:	  	GOLDMAN SACHS BANK USA, as the Administrative Agent under the Credit Agreement
			
	5.	  	Credit Agreement:	  	Amended and Restated Credit Agreement, dated as of August 2, 2021, among THE SHERWIN-WILLIAMS COMPANY, the Lenders party thereto, GOLDMAN SACHS
BANK USA, as Administrative Agent and GOLDMAN SACHS MORTGAGE COMPANY, as Issuing Bank, as amended, amended and restated, supplemented or otherwise modified from time to time.

  
 A-1 

					
			
	6.	  	Assigned Interest:	  	

  

					
	 Aggregate Amount of

Commitment/Loans/LC

Exposure for all Lenders
	  	 Amount of

Commitment/Loans/
 LC Exposure
Assigned
	  	 Percentage Assigned

of Commitment/
 Loans/LC Exposure1

	 $
	  	$	  	%
		  		  	

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

	1 	 Set forth, to at least 9 decimals, as a percentage of the Commitment/Loans/LC Exposure of all Lenders
thereunder. 

  
 A-2 

 The terms set forth in this Assignment and Acceptance are hereby agreed to: 

 

			
	
	ASSIGNOR
	
	[NAME OF ASSIGNOR]
		
	By:	 	  

		 	Name:
		 	Title:
	
	ASSIGNEE
	
	[NAME OF ASSIGNEE]
		
	By:	 	  

		 	Name:
		 	Title:

 Consented to and accepted: 
  

			
	GOLDMAN SACHS BANK USA,
	as Administrative Agent
		
	By:	 	  

		 	Name:
		 	Title:
	
	 GOLDMAN SACHS MORTGAGE COMPANY,
 as
Issuing Bank

	
	 By: Goldman Sachs Real Estate Funding Corp., its General Partner

		
	By:	 	  

		 	Name:
		 	Title:
	
	[Consented to:]2

 

	2 	 The Company’s consent will not be required if (x) an Event of Default or an “Event of
Default” under (and as defined in) the Reimbursement Agreement has occurred and is continuing, (y) an ISDA Credit Event has occurred and such assignment is made in connection with a settlement or delivery to a counterparty in connection
with a credit default swap, or (z) the assignment is to an Affiliate of the Assignor. 

  
 A-3 

			
	THE SHERWIN-WILLIAMS COMPANY
		
	By:	 	  

		 	Name:
		 	Title:

  
 A-4 

 ANNEX I 

STANDARD TERMS AND CONDITIONS FOR 

ASSIGNMENT AND ACCEPTANCE 

1. Representations and Warranties. 

1.1. Assignor. The Assignor (a) represents and warrants that (i) it is the legal and beneficial owner of the Assigned
Interest, (ii) the Assigned Interest is free and clear of any lien, encumbrance or other adverse claim, (iii) it has full power and authority, and has taken all action necessary, to execute and deliver this Assignment and Acceptance and to
consummate the transactions contemplated hereby and (iv) it is [not] a Defaulting Lender; and (b) assumes no responsibility with respect to (i) any statements, warranties or representations made in or in connection with the Credit
Agreement or any other Loan Document, (ii) the financial condition of the Company, any of its Subsidiaries or Affiliates or any other Person obligated in respect of any Loan Document or (iii) the performance or observance by the Company,
any of its Subsidiaries or Affiliates or any other Person of any of their respective obligations under any Loan Document. 
 1.2.
Assignee. The Assignee (a) represents and warrants that (i) it has full power and authority, and has taken all action necessary, to execute and deliver this Assignment and Acceptance and to consummate the transactions contemplated
hereby and to become a Lender under the Credit Agreement, (ii) it satisfies the requirements, if any, specified in the Credit Agreement that are required to be satisfied by it in order to acquire the Assigned Interest and become a Lender,
(iii) from and after the Effective Date, it shall be bound by the provisions of the Credit Agreement and the other Loan Documents as a Lender thereunder and, to the extent of the Assigned Interest, shall have the obligations of a Lender
thereunder, (iv) it has received a copy of the Credit Agreement and the other Loan Documents, together with copies of the most recent financial statements delivered pursuant to Section 5.01 thereof, as applicable, and such other documents
and information as it has deemed appropriate to make its own credit analysis and decision to enter into this Assignment and Acceptance and to purchase the Assigned Interest on the basis of which it has made such analysis and decision independently
and without reliance on the Administrative Agent or any other Lender, [and]3 (v) if it is a Foreign Lender [and (vi) it is an Eligible Assignee]4, attached to this Assignment and Acceptance is any documentation required to be delivered by it pursuant to the terms of the Credit Agreement, duly completed and executed by the Assignee; and
(b) agrees that (i) it will, independently and without reliance on the Administrative Agent, the Assignor or any other Lender, and based on such documents and information as it shall deem appropriate at the time, continue to make its own
credit decisions, and (ii) it will perform in accordance with their terms all of the obligations which by the terms of the Credit Agreement and the other Loan Documents are required to be performed by it as a Lender. 

 

	3 	 Insert only if an Event of Default or an “Event of Default” under, and as defined in, the
Reimbursement Agreement has occurred and is continuing. 

	4 	 Insert only so long as no Event of Default or an “Event of Default” under, and as defined in, the
Reimbursement Agreement has occurred and is continuing. 

  
 A-5 

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

  
 A-6 

 EXHIBIT B 

to Credit Agreement 
 FORM
OF NOTE 
  

			
	$                        	  	                    ,         

 FOR VALUE RECEIVED, the undersigned, THE SHERWIN-WILLIAMS COMPANY, an Ohio corporation (the
“Company”), unconditionally promises to pay to [                    ] (the “Lender”) the
principal sum of [                                ] DOLLARS
($            ) or, if less, the aggregate unpaid principal amount of all Loans made by the Lender pursuant to the Amended and Restated Credit Agreement, dated as of
August 2, 2021 (as amended, supplemented, amended and restated or otherwise modified from time to time, the “Credit Agreement”), among the Company, the financial institutions (including the Lender) from time to time
party thereto, Goldman Sachs Bank USA, as the Administrative Agent and Goldman Sachs Mortgage Company, as Issuing Bank, on such dates and in such amounts as are set forth in the Credit Agreement. The amounts payable under the Credit Agreement may be
reduced only in accordance with the terms of the Credit Agreement. Unless otherwise defined, capitalized terms used herein have the meanings provided in the Credit Agreement. 

The Company also promises to pay interest on the unpaid principal amount hereof from time to time outstanding from and including the date
hereof until maturity (whether by acceleration or otherwise) and, after maturity, until paid, at the rates per annum and on the dates specified in the Credit Agreement. 

Payments of both principal and interest are to be made without setoff or counterclaim in lawful money of the United States of America in same
day or immediately available funds to the account designated by the Administrative Agent. 
 This Note is one of the Notes referred to in,
and evidences the Loans made by the Lender under, the Credit Agreement, to which reference is made for a statement of the terms and conditions on which the Company is permitted and required to make prepayments and repayments of principal of the
indebtedness evidenced by this Note and on which such indebtedness may be declared to be or shall automatically become immediately due and payable. 

THIS NOTE AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE GOVERNED AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE
OF NEW YORK. 
  

			
	THE SHERWIN-WILLIAMS COMPANY
		
	By:	 	  

		 	Name:
		 	Title:

  
 B-1 

 LOAN AND PRINCIPAL PAYMENTS 

 

									
	 Date
	 	 Amount

of Loan
	 	 Amount of

Principal Repaid
	 	 Unpaid

Principal Balance
	 	 Notations

Made By

		 		 		 		 	
		 		 		 		 	
		 		 		 		 	

  
 B-2 

 EXHIBIT C-1 

to Credit Agreement 
 FORM
OF 
 U.S. TAX COMPLIANCE CERTIFICATE 

(For Foreign Lenders That Are Not Partnerships For U.S. Federal Income Tax Purposes) 

Reference is made to the Amended and Restated Credit Agreement, dated as of August 2, 2021 (as from time to time amended, amended and
restated, supplemented or otherwise modified, the “Credit Agreement”), among The Sherwin-Williams Company (the “Company”), the Lenders party thereto and Goldman Sachs Bank USA, as Administrative Agent
and Goldman Sachs Mortgage Company, as Issuing Bank. 
 Pursuant to the provisions of Section 2.15(e) of the Credit Agreement, the
undersigned hereby certifies that (i) it is the sole record and beneficial owner of the Loan(s) (as well as any Note(s) evidencing such Loan(s)) in respect of which it is providing this certificate, (ii) it is not a bank within the meaning
of Section 881(c)(3)(A) of the Code, (iii) it is not a ten percent shareholder of the Company within the meaning of Section 871(h)(3)(B) of the Code and (iv) it is not a controlled foreign corporation related to the Company as
described in Section 881(c)(3)(C) of the Code. 
 The undersigned has furnished the Administrative Agent and the Company with a
certificate of its non-U.S. Person status on IRS Form W-8BEN or W-8BEN-E, as applicable. By executing this certificate, the undersigned agrees that (1) if the information provided onin this certificate changes, the undersigned shall promptly so inform the Company and the Administrative Agent, and (2) the undersigned shall, in accordance with the provisions of such Section 2.15,
furnish the Company and the Administrative Agent with a properly completed and currently effective certificate in either the calendar year in which each payment is to be made to the undersigned, or in either of the two calendar years preceding such
payments, all to the extent required under such Section. 
 Unless otherwise defined herein, terms defined in the Credit Agreement
and used herein shall have the meanings given to them in the Credit Agreement. 
  

			
	[NAME OF LENDER]
		
	By:	 	  

		 	Name:
		 	Title:
	
	Date:                             , 20[ ]

  
 C-1-1 

 EXHIBIT C-2 

to Credit Agreement 
 FORM
OF 
 U.S. TAX COMPLIANCE CERTIFICATE 

(For Foreign Participants That Are Not Partnerships For U.S. Federal Income Tax Purposes) 

Reference is made to the Amended and Restated Credit Agreement, dated as of August 2, 2021 (as from time to time amended, amended and
restated, supplemented or otherwise modified, the “Credit Agreement”), among The Sherwin-Williams Company (the “Company”), the Lenders party thereto and Goldman Sachs Bank USA, as Administrative Agent
and Goldman Sachs Mortgage Company, as Issuing Bank. 
 Pursuant to the provisions of Section 2.15(e) of the Credit Agreement,
the undersigned hereby certifies that (i) it is the sole record and beneficial owner of the participation in respect of which it is providing this certificate, (ii) it is not a bank within the meaning of Section 881(c)(3)(A) of the
Code, (iii) it is not a ten percent shareholder of the Company within the meaning of Section 871(h)(3)(B) of the Code, and (iv) it is not a controlled foreign corporation related to the Company as described in
Section 881(c)(3)(C) of the Code. 
 The undersigned has furnished its participating Lender with a certificate of its non-U.S. Person
status on IRS Form W-8BEN or W-8BEN-E, as applicable. By executing this certificate, the undersigned agrees that (1) if the information provided
onin this certificate changes, the undersigned shall promptly so inform such participating Lender in writing, and (2) the undersigned shall have at all times furnished such Lender, in accordance with the
provisions of such Section 2.15, with a properly completed and currently effective certificate in either the calendar year in which each payment is to be made to the undersigned, or in either of the two calendar years preceding such payments,
all to the extent required under such Section. 
 Unless otherwise defined herein, terms defined in the Credit Agreement and used
herein shall have the meanings given to them in the Credit Agreement. 
  

			
	[NAME OF PARTICIPANT]
		
	By:	 	  

		 	Name:
		 	Title:
	
	Date:                             , 20[ ]

  
 C-2-1 

 EXHIBIT C-3 

to Credit Agreement 
 FORM
OF 
 U.S. TAX COMPLIANCE CERTIFICATE 

(For Foreign Participants That Are Partnerships For U.S. Federal Income Tax Purposes) 

Reference is made to the Amended and Restated Credit Agreement, dated as of August 2, 2021 (as from time to time amended, amended and
restated, supplemented or otherwise modified, the “Credit Agreement”), among The Sherwin-Williams Company (the “Company”), the Lenders party thereto and Goldman Sachs Bank USA, as Administrative Agent
and Goldman Sachs Mortgage Company, as Issuing Bank. 
 Pursuant to the provisions of Section 2.15(e) of the Credit Agreement,
the undersigned hereby certifies that (i) it is the sole record owner of the participation in respect of which it is providing this certificate, (ii) its direct or indirect partners/members are the sole beneficial owners of such
participation, (iii) with respect to such participation, neither the undersigned nor any of its direct or indirect partners/members is a bank extending credit pursuant to a loan agreement entered into in the ordinary course of its trade or
business within the meaning of Section 881(c)(3)(A) of the Code, (iv) none of its direct or indirect partners/members is a ten percent shareholder of the Company within the meaning of Section 871(h)(3)(B) of the Code and (v) none
of its direct or indirect partners/members is a controlled foreign corporation related to the Company as described in Section 881(c)(3)(C) of the Code. 

The undersigned has furnished its participating Lender with IRS Form W-8IMY accompanied by one of the following forms from each of its
partners/members that is claiming the portfolio interest exemption: (i) an IRS Form W-8BEN or W-8BEN-E, as applicable, or (ii) an IRS Form W-8IMY accompanied by an IRS Form W-8BEN or W-8BEN-E, as applicable, from each of such
partner’s/member’s beneficial owners that it is claiming the portfolio interest exemption. By executing this certificate, the undersigned agrees that (1) if the information provided onin this certificate changes, the undersigned shall promptly so inform such Lender, and (2) the undersigned shall have at all times furnished such Lender, in accordance with the provisions of such
Section 2.15, with a properly completed and currently effective certificate in either the calendar year in which each payment is to be made to the undersigned, or in either of the two calendar years preceding such payments, all to the extent
required under such Section. 
 Unless otherwise defined herein, terms defined in the Credit Agreement and used herein shall have the
meanings given to them in the Credit Agreement. 
  

			
	[NAME OF PARTICIPANT]
		
	By:	 	  

		 	Name:
		 	Title:
	
	Date:                             , 20[ ]

  
 C-3-1 

 EXHIBIT C-4 

to Credit Agreement 
 FORM
OF 
 U.S. TAX COMPLIANCE CERTIFICATE 

(For Foreign Lenders That Are Partnerships For U.S. Federal Income Tax Purposes) 

Reference is made to the Amended and Restated Credit Agreement, dated as of August 2, 2021 (as from time to time amended, amended and
restated, supplemented or otherwise modified, the “Credit Agreement”), among The Sherwin-Williams Company (the “Company”), the Lenders party thereto and Goldman Sachs Bank USA, as Administrative Agent
and Goldman Sachs Mortgage Company, as Issuing Bank. 
 Pursuant to the provisions of Section 2.15(e) of the Credit Agreement, the
undersigned hereby certifies that (i) it is the sole record owner of the Loan(s) (as well as any promissory note(s) evidencing such Loan(s)) in respect of which it is providing this certificate, (ii) its direct or indirect partners/members
are the sole beneficial owners of such Loan(s) (as well as any promissory note(s) evidencing such Loan(s)), (iii) with respect to the extension of credit pursuant to the Credit Agreement or any other Loan Document, neither the undersigned nor
any of its direct or indirect partners/members is a bank extending credit pursuant to a loan agreement entered into in the ordinary course of its trade or business within the meaning of Section 881(c)(3)(A) of the Code, (iv) none of its
direct or indirect partners/members is a ten percent shareholder of the Company within the meaning of Section 871(h)(3)(B) of the Code and (v) none of its direct or indirect partners/members is a controlled foreign corporation related to
the Company as described in Section 881(c)(3)(C) of the Code. 
 The undersigned has furnished the Administrative Agent and the Company
with IRS Form W-8IMY accompanied by one of the following forms from each of its partners/members that is claiming the portfolio interest exemption: (i) an IRS Form W-8BEN or W-8BEN-E, as applicable, or (ii) an IRS Form W-8IMY accompanied
by an IRS Form W-8BEN or W-8BEN-E, as applicable, from each of such partner’s/member’s beneficial owners that is claiming the portfolio interest exemption. By executing this certificate, the undersigned agrees that (1) if the
information provided
onin this certificate changes, the undersigned shall promptly so inform the Company and the Administrative Agent, and (2) the undersigned shall, in accordance with the provisions of such Section 2.15,
furnish the Company and the Administrative Agent with a properly completed and currently effective certificate in either the calendar year in which each payment is to be made to the undersigned, or in either of the two calendar years preceding such
payments, all to the extent required under such Section. 
 Unless otherwise defined herein, terms defined in the Credit Agreement
and used herein shall have the meanings given to them in the Credit Agreement. 
  

			
	[NAME OF LENDER]
		
	By:	 	  

		 	Name:
		 	Title:
	
	DATE:                             , 20[ ]

  
 C-4-1 

 EXHIBIT D 

to Credit Agreement 

[FORM OF] ISSUANCE NOTICE 

Reference is made to the Amended and Restated Credit Agreement, dated as of August 2, 2021 (as it may be amended, restated, amended and
restated, modified, extended and/or supplemented from time to time, the “Credit Agreement”; the terms defined therein and not otherwise defined herein being used herein as therein defined), by and among The Sherwin-Williams
Company, as the Company (the
“BorrowerCompany
”), Goldman Sachs Bank, as Administrative Agent, and Goldman Sachs Mortgage Company, as Issuing Bank (in such capacity, the “Issuing Bank”) and Lender (in
respect of the letter of credit), and Goldman Sachs Bank USA (as issuing bank in respect of the primary letter(s) of credit). 

Pursuant to Section 2.04 of the Credit Agreement, the
BorrowerCompany
 desires that, on [                    ] (the “Effective Date”) (select an
option): 
 ☐ a Letter of Credit be issued by the Issuing Bank in accordance with the terms and conditions of the Credit
Agreement. 
 ☐ Letter of Credit
#                     be amended or extended by the Issuing Bank in accordance with the terms and conditions of the Credit Agreement. 

Attached hereto are the following: 

(a) the stated amount of the Letter of Credit as of the Effective Date; 

(b) the expiration date of the Letter of Credit as of the Effective Date; and 

(c) either (i) the verbatim text of the Letter of Credit or (ii) a description of the proposed terms and conditions of such Letter
of Credit. 
 The BorrowerCompany hereby certifies that: 

 

	 	(i)	 after issuing, amending or extending the Letter of Credit as requested on the Effective Date, (A) the
aggregate LC Exposure of the Lenders shall not exceed the aggregate amount of the Commitments, and (B) the LC Exposure of the Issuing Bank (determined for these purposes without giving effect to the participations therein of the Lenders
pursuant to paragraph (d) of Section 2.04 of the Credit Agreement) shall not exceed the aggregate amount of the Lenders’ Commitments; 

  

	 	(ii)	 the representations and warranties set forth in the Credit Agreement shall be true and correct in all material
respects on and as of the Effective Date, except to the extent such representations and warranties specifically relate to an earlier date, in which case such representations and warranties are true, correct and complete in all material respects as
of such earlier date; 

  

	 	(iii)	 on and immediately after the Effective Date, (A) no Default shall have occurred and be continuing and
(B) no ISDA Credit Event shall have occurred with respect to the BorrowerCompany; and 

 

	 	(iv)	 on or before the Effective Date, the Issuing Bank and the Administrative Agent shall have received a fully
executed and delivered Issuance Notice. 

  
 D-1 

 Date: ________________ 

			
	THE SHERWIN-WILLIAMS COMPANY
		
	By:	 	              

		 	Name:
		 	Title:

  
 D-2 

 EXHIBIT E 

to Credit Agreement 

[FORM OF] IRREVOCABLE STANDBY LETTER OF CREDIT 

GOLDMAN SACHS MORTGAGE COMPANY 

C/O GOLDMAN SACHS LOAN OPERATIONS 

ATTN: LETTER OF CREDIT DEPARTMENT MANAGER 

2001 ROSS AVENUE, 29TH FLOOR 

DALLAS, TX 75201 
 DATE: [_______________] 

			
	  
 APPLICANT:

 
 THE SHERWIN-WILLIAMS COMPANY

ATTN: VICE PRESIDENT AND
 TREASURER 101 W. PROSPECT AVENUE

CLEVELAND, OH 44115
 TELECOPY: (216) 566-2984

 
 LETTER OF CREDIT NUMBER:
[                 ]
  

DEAR SIR OR MADAM:
	  	  
 BENEFICIARY:

 
 GOLDMAN SACHS BANK USA

ATTN: IVA VUKINA
 200 WEST STREET, 7th FLOOR
 NEW YORK, NY 10282

TELEPHONE: (212) 357-9494
  

EXPIRY DATE: [                 ]

 We, Goldman Sachs Mortgage Company (hereinafter, the “Issuer”), hereby establish our irrevocable standby
letter of credit (this “Letter of Credit”) in favor of the above referenced beneficiary (hereinafter, the “Beneficiary”) for the account of the above referenced applicant (hereinafter, the
“Applicant”) in the aggregate amount of [AMOUNT IN WORDS] AND [__]/100 UNITED STATES DOLLARS ($[AMOUNT IN NUMERALS]) (subject to reduction or increase as described below, the “Stated Amount”). 

This Letter of Credit has been issued in the Beneficiary’s favor in support of any or all of the letters of credit already issued by the Beneficiary or
to be issued by the Beneficiary from time to time hereafter for the account of the Applicant pursuant to the Amended and Restated Continuing Agreement for Standby Letters of Credit, dated as of August 2, 2021 (as may be amended, supplemented or
otherwise modified from time to time, the “Primary LC Agreement”) between the Applicant and the Beneficiary (such letters of credit, as may be amended, supplemented or otherwise modified from time to time, being hereafter referred
to collectively as the “Primary LCs”). 
 The Stated Amount shall adjust from time to time, without amendment, to account for
(i) drawings hereunder that we have honored (in each case the Stated Amount of this Letter of Credit shall be reduced by the amount of such drawing), (ii) cancellation, reduction (other than scheduled reductions which are provided for in
clause (iii) below) or expiration of Primary LCs, 

  
 E-1 

 
in each case upon receipt by us of the beneficiary’s notice describing such cancellation, reduction (other than scheduled reductions which are provided for in clause (iii) below) or
expiration (reduced in the amount of the available amount of the Primary LCs that have been cancelled or expired or reduced, as applicable, in the amount of such reduction), (iii) any scheduled reductions set forth on Schedule 1 attached
hereto, and (iv) any increase in the Stated Amount of any Primary LC, or issuance by the Beneficiary from time to time after the date hereof of any Primary LC (increased in the amount of such increase or in the amount of the available amount of
such issued Primary LC, as applicable), subject in the case of any increase or issuance described in clause (iv) to confirmation by us prior to such increase of the Stated Amount hereunder (before giving effect to any increase in the stated
amount hereunder). Notwithstanding anything to the contrary contained in this Letter of Credit, in no event shall the amount available hereunder exceed $[AMOUNT IN NUMERALS] ([AMOUNT IN WORDS] UNITED STATES DOLLARS), reduced from time
to time, without amendment, by any scheduled reductions set forth on Schedule 1 attached hereto (such maximum available amount referred to in this sentence, subject to reduction as provided in this sentence, the “Maximum
Amount”). 
 Funds under this Letter of Credit are available by payment as described below from our office in New York, New York, following
presentation on or prior to the Expiry Date at our office specified below of a dated draw certificate (the “Draw Certificate”) issued on letterhead of the Beneficiary and purportedly signed by an authorized representative in the
form of Exhibit A hereto. 
 In addition, presentation of such draw certificate may also be made by facsimile transmission to 917-977-4587 or such
other fax number identified by Issuer in a written notice to you. If a presentation is made by facsimile transmission, you shall (i) provide telephone notification thereof to the Issuer at 972-368-2790 or notification by email to the Issuer at gs-loc-operations@ny.email.gs.com prior to initiating such facsimile and (ii) send the original of such draw certificate
by overnight courier to our office, c/o Goldman Sachs Loan Operations, Attn: Letter of Credit Department Manager, 2001 Ross Avenue, 29th Floor Dallas, TX 75201. If a draw certificate is presented by facsimile transmission, the Issuer may, in its
sole discretion, act upon any such transmission without the need of obtaining such prior notification thereof or the original of such facsimile transmission. 

The Stated Amount shall be available for drawing by the above-named Beneficiary as set forth below. 

This Letter of Credit shall expire at 5:00 p.m. local time in New York, New York, on the Expiry Date set forth above. Demands for payment under this Letter of
Credit may be made by Beneficiary from time to time on or before the stated Expiry Date, or any extended expiry date, if applicable. 

  
 E-2 

 We hereby agree with you that demands for payment under and in compliance with the terms and conditions of
this Letter of Credit shall be duly honored if presented, in person, by courier or by facsimile to: 
 Goldman Sachs Mortgage Company 

c/o Goldman Sachs Loan Operations 

Attn: Letter of Credit Department Manager 

2001 Ross Avenue, 29th Floor 

Dallas, TX 75201 
 Facsimile:
917-977-4587 
 (or at such other U.S. address as we may designate in an amendment) 

With a courtesy copy to: 
 Goldman
Sachs Mortgage Company 
 Attn: Department Manager 

200 West Street 
 New York, NY
10282 
 In each case where we have received the demand as described above prior to 11:00 a.m. New York, New York time, on a Business Day, we will make
payment from our offices at Goldman Sachs Mortgage Company, 200 West Street, New York, NY 10282, by 5:00 p.m. New York, New York time within the following three (3) Business Days, assuming no discrepancies. In all other cases, the demand and
other documents will be deemed to have been received at the opening of business on the Business Day following our receipt of such demand and other documents. As used herein, “Business Day” means any day on which interbank wire
transfers can be made on the Fedwire system and which is not (i) a Saturday or a Sunday, or (ii) any day on which banks in New York or Texas are authorized or required to be closed for business. No draw may exceed the then applicable
Stated Amount. 
 Communications other than demands may be made to us in writing and delivered in person, by courier, by email, or by facsimile transmission
to us at Goldman Sachs Mortgage Company, c/o Goldman Sachs Loan Operations, Attn: Letter of Credit Department Manager, 2001 Ross Avenue, 29th Floor, Dallas, TX 75201, Email: gs-loc-operations@ny.email.gs.com, facsimile 917-977-4587. Beneficiary requests for an amendment to this Letter of Credit,
including an amendment to reflect a change in the Beneficiary’s address, should be made to the Applicant, who may request the Issuer to issue the desired amendment. 

Payment against this Letter of Credit may be made by wire transfer of immediately available funds to Beneficiary’s account specified in
Beneficiary’s demand for payment. 
 Partial drawings are permitted under this Letter of Credit from time to time. Each drawing under this Letter of
Credit shall automatically reduce the Stated Amount by the amount drawn. 
 This Letter of Credit is non-transferable and only the Beneficiary may make
drawings under this Letter of Credit. 
 Except as otherwise expressly stated herein, this Letter of Credit is subject to the International Standby
Practices 1998, International Chamber of Commerce Publication No. 590 (“ISP98”). As to matters not governed by ISP98, this Letter of Credit shall be governed by, and construed in accordance with, the law of the State of New
York, including, without limitation, the Uniform Commercial Code as in effect from time to time in the State of New York. 

  
 E-3 

 Issuer disclaims any liability for delay, non-return of documents, non-payment, or other action or inaction
compelled by a judicial order or government regulation applicable to the Issuer. 
  

			
	Sincerely,
	
	GOLDMAN SACHS MORTGAGE COMPANY
	
	 By: GOLDMAN SACHS REAL ESTATE FUNDING CORP., its general partner

		
	By:	 	              

	Name:	 	
	Title:	 	

  
 E-4 

 1.
                                         
                           Schedule 1 

Scheduled Reductions under Goldman Sachs Mortgage Company 

Letter of Credit No. [                ] 

At 5:00 p.m. (New York City time) on each date indicated below, the Maximum Amount shall be reduced by the applicable amount indicated below. 

 

					
	Reduction ($)	 	Date on Which the Scheduled Reduction	 	 
		 	 Takes Effect
	 	
			
	 $[_________]
	 	[________]	 	
			
	 $[_________]
	 	[________]	 	
			
	 $[_________]
	 	[INSERT EXPIRY DATE]5	 	

  

	5 	 NTD: The total reductions through and including the expiry date should equal the initial amount of this
Letter of Credit. 

  
 E-5 

 EXHIBIT A 

[Beneficiary Letterhead] 

DRAWN UNDER GOLDMAN SACHS MORTGAGE COMPANY 

LETTER OF CREDIT NO. [                ] 

[                ], 20[__] 

GOLDMAN SACHS MORTGAGE COMPANY 
 c/o Goldman Sachs Loan
Operations 
 Attn: Letter of Credit Department Manager 
 2001
Ross Avenue, 29th Floor 
 Dallas, TX 75201 
 WITH A COURTESY
COPY TO: 
 GOLDMAN SACHS MORTGAGE COMPANY 
 ATTN: Department
Manager 
 200 West Street 
 New York, New York 10282 

The undersigned, a duly authorized signatory of Goldman Sachs Bank USA (the “Beneficiary”), hereby certifies to Goldman
Sachs Mortgage Company (the “Issuing Bank”), with reference to Irrevocable Letter of Credit No. [                ] (the
“Letter of Credit”) issued by the Issuing Bank in favor of the Beneficiary (any capitalized term used herein and not defined shall have its respective meaning as set forth in the Letter of Credit) that: 

1. The Beneficiary is making a drawing under the Letter of Credit in the amount of [insert amount in words] United States Dollarsdollars (USD[insert amount in numerals]) (the “Drawing Amount”). 

2. The Drawing Amount does not exceed the current Stated Amount of the Letter of Credit. 

3. You are hereby directed to make payment of the requested Drawing Amount to Beneficiary’s account at [Name of Bank] at
[                ], ABA No. [                ], for further credit to
Account No. [                ] Re: [                ] Attention:
[                ]. 
 4. We hereby certify that
(please check one): 
  

	 	(a)	 “We hereby demand payment in the amount of
USD[                ] because, in connection with our Letter of Credit No.
[                ], the beneficiary has drawn under such Letter of Credit. We are the holder of an outstanding reimbursement claim (the
“Claim”) under the Amended and Restated Continuing Agreement for Standby Letters of Credit, dated as of August 2, 2021, between The Sherwin-Williams Company and Goldman Sachs Bank USA (as may be amended, supplemented or
otherwise modified from time to time, the “Primary LC Agreement”), and we confirm that we will apply the Drawing Amount to the Claim.” 

 

  
 E-6 

	 	(b)	 “We hereby demand payment in the amount of
USD[                ] (which amount does not exceed the total of the aggregate outstanding undrawn amounts under the letters of credit, and the aggregate drawn
and unreimbursed amounts under the letters of credit issued under the Amended and Restated Continuing Agreement for Standby Letters of Credit, dated as of August 2, 2021, between The Sherwin-Williams Company and Goldman Sachs Bank USA (as may
be amended, supplemented or otherwise modified from time to time, the “Primary LC Agreement”) because there has been an Event of Default under the Primary LC Agreement.” 

 

	 	(c)	 “We hereby demand payment in the amount of
USD[                ] (which amount does not exceed the total of the aggregate outstanding undrawn amounts under the letters of credit, and the aggregate drawn
and unreimbursed amounts under the letters of credit issued under the Amended and Restated Continuing Agreement for Standby Letters of Credit, dated as of August 2, 2021, between The Sherwin-Williams Company (the
“Applicant”) and Goldman Sachs Bank USA (as may be amended, supplemented or otherwise modified from time to time, the “Primary LC Agreement”) because (i) there has been a determination by any
“Determination Committee” (as defined in the Primary LC Agreement) that a “Credit Event” (as defined in the 2014 Credit Derivatives Definitions (as defined in the Primary LC Agreement)) of any type has occurred with respect to
the Applicant as the “Reference Entity”, or (ii) a “change of control” (as defined for purposes of any of the Applicant’s outstanding public debt securities) has occurred.” 

IN WITNESS WHEREOF, the Beneficiary has executed and delivered this certificate as of the [__] day of [                ], 20[__]date first above written. 

 

			
	GOLDMAN SACHS BANK USA
		
	By:	 	
         

			
	Name:	 	
	Title:	 	
	Telephone:	 	
	Email:	 	

  
 E-7 

 SCHEDULE 2.01 

To 
 Credit Agreement

 Commitments 
  

					
	 Lender
	  	Commitment	 
	 Goldman Sachs Bank USA
	  	$	625,000,000.00	 
		  	  
	  
	 
	 Total:
	  	$	625,000,000.00	 
		  	  
	  
	 

 (continued below) 

Scheduled Reductions in the Aggregate Commitments 
  

					
	 Aggregate Scheduled Reduction ($) in the

Total Commitment(s) and Commitment of the
 Issuing Bank
(without duplication)
	 	Date on Which Scheduled Reduction
Takes Effect	 	 
			
	 $175,000,000
	 	December 20, 2022	 	
			
	 $125,000,000
	 	June 20, 2023	 	
			
	 $75,000,000
	 	June 20, 2025	 	
			
	 $125,000,000
	 	June 20, 2026	 	
			
	 $125,000,000
	 	December 20, 2026	 	

  

  

					
		  	Schedule 2.01 – 1	  	 THE SHERWIN-WILLIAMS COMPANY

Amendment No. 4 to Credit AgreementDocument

Execution Version
JOINT VENTURE AGREEMENT
This Joint Venture Agreement (this “Agreement”), dated as of August 11, 2022, is entered into between TruCor, LLC, a Georgia limited liability company (“TruCor”), and Alabama Manufacturing Investment LLC, a Delaware limited liability company (“AMI”) and, solely with respect to Sections 4.06-4.10 and Articles VI, X and XI, The Dixie Group, Inc., a Tennessee corporation (“Dixie Group”) (TruCor and AMI are the “Parties” and individually, a “Party” for all purposes of this Agreement, and, for purposes of Articles VI, X and XI, Dixie Group is also a “Party”).
RECITALS
WHEREAS, TruCor is an indirect, wholly owned subsidiary of Dixie Group and is principally in the business of marketing, manufacturing and selling floor covering products to high end residential customers through its sales force and brands;
WHEREAS, AMI is a luxury vinyl tile (“LVT”) manufacturer whose brands service a diverse cross-section of the construction marketplace;
WHEREAS, TruCor and AMI desire to form a new limited liability company under the laws of the State of Delaware (hereafter, the “JVCO”) for the purpose of combining certain expertise and resources of the Parties to establish a for-profit manufacturing concern which will source raw materials and produce rigid core LVT finished products for TruCor and AMI, and/or their respective Affiliates, pursuant to specifications determined by the JVCO, as well as other products as the JVCO may determine from time to time (the “JVCO Business”); and
WHEREAS, the Parties desire to enter into this Agreement setting forth the terms and conditions governing their agreement to enter into the transactions contemplated hereby.
NOW, THEREFORE, in consideration of the mutual covenants and agreements hereinafter set forth and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties hereto agree as follows:
ARTICLE I. DEFINITIONS 
Section 1.01Definitions. Capitalized terms used herein and not otherwise defined in the context of this Agreement shall have the meanings set forth in Annex I:
ARTICLE II. ESTABLISHMENT OF JOINT VENTURE
Section 1.02JVCO Entity Formation. Subject to the terms and conditions of this Agreement, on or prior to the Closing Date, the Parties shall form the JVCO as a Delaware limited liability company by filing a Certificate of Formation in the form attached as Exhibit A hereto (the “Certificate of Formation”) with the Office of the Secretary of State of Delaware.
Section 1.03LLC Operating Agreement. Subject to the terms and conditions of this Agreement, on the Closing Date, the Parties shall execute and deliver a limited liability company operating agreement of the JVCO in the form attached as Exhibit B hereto (the “LLC Operating Agreement”).

3899561.22

Section 1.04Name. The JVCO shall operate under the name Rigid Core Manufacturing LLC or such other name as the Board approves. 
Section 1.05Purpose of the JVCO. The purpose of the JVCO shall be to operate as a for-profit manufacturing concern engaged in the JVCO Business which will manufacture and produce rigid core LVT finished products pursuant to the specifications of the JVCO, and such other products as the JVCO may determine from time to time (the “JVCO Products”), and JVCO will sell the JVCO Products exclusively to AMI and TruCor, and/or their respective Affiliates. Each of AMI and TruCor will have the right to purchase, or cause their respective Affiliates to purchase, up to fifty percent (50%) of the JVCO Products produced by the JVCO. 
Section 1.06Funding and Ownership. The initial funding and start-up costs of the JVCO shall be funded by TruCor and AMI as further described herein and in the LLC Operating Agreement. TruCor hereby commits and agrees to provide the JVCO an equity contribution of $6,000,000, and AMI hereby commits and agrees to provide the JVCO an equity contribution of $6,000,000 (each, an “Equity Contribution”), of which each Party shall provide an initial amount within five (5) Business Days from Closing (the “Initial Capital Contribution”), and the remaining amounts in installments, in each case, as specified in the LLC Operating Agreement. TruCor shall receive 50% of the membership interests of the JVCO in exchange for TruCor’s Initial Capital Contribution, and AMI shall receive 50% of the membership interests of the JVCO in exchange for AMI’s Initial Capital Contribution. The Parties may provide additional capital to execute the JVCO’s Business Plan as needed and upon the unanimous approval of the Board.  
Section 1.07Governance. The JVCO shall be governed in accordance with the LLC Operating Agreement. The LLC provides that each Party shall appoint two (2) directors to the JVCO’s board of the directors (the “Board”), and each Party shall participate in the governance and management of the JVCO through such Party’s appointed directors on the JVCO’s Board. The LLC shall list “Major Decisions” which shall require the unanimous consent of the Board. Neither Party shall have any fiduciary duty to the JVCO or to the other Party, but each Party shall be obligated to comply with the terms of this Agreement, the LLC Operating Agreement and the Ancillary Agreements to which each is a party.
Section 1.08Term. It is the intention of the Parties that the JVCO shall operate perpetually unless terminated pursuant to the terms of the LLC Operating Agreement. 
ARTICLE III.  JVCO OBJECTIVES
Section 1.09Objectives of the JVCO Business. Subject to the terms and conditions of this Agreement and the LLC Operating Agreement, the Parties shall use commercially reasonable efforts, including the use of their expertise and resources, to support the JVCO to achieve the key objectives described below (the “Key Objectives”), and shall direct their respective Board appointees to take such commercially reasonable actions as are necessary or appropriate to achieve the following Key Objectives:
(a)Within sixty (60) days after the Closing Date, the Board shall adopt a two year business plan for the JVCO (the “Business Plan”). The Business Plan shall include the JVCO’s development and operating plans for the two year period beginning on the Closing Date, including the JVCO’s budget and capital expenditure plan, a list of major equipment and machinery the JVCO will acquire, initial plans, anticipated buildout costs and a project timeline associated with the JVCO’s production facility, target milestone and completion dates, and related items as approved by the Board.  Beginning at the end of the initial two year period of the Business Plan, the Board will meet and adopt an 
2
    
3899561.22

updated version of the Business Plan for each coming year, which must be unanimously approved by the Board.  If the Board is unable to agree on an updated annual Business Plans, the JVCO will operate under the then current version of the Business Plan to the extent reasonably possible. 
(b)The JVCO’s production facility shall operate within a space as further described in the Administrative Services and Loaned Employee Agreement (the “JVCO Plant”) within the existing facility of TDG Operations, LLC, a Georgia limited liability company and parent company of TruCor (“TDG Operations”), in Atmore, Alabama (the “Atmore Facility”).  Upon the Closing, TDG Operations shall use its commercially reasonable best efforts to obtain the consent of the Atmore Lenders to the use by the JVCO of the JVCO Plant, pursuant to a lease agreement as further described in the Administrative Services and Loaned Employee Agreement, as contemplated by this Agreement, in the form attached hereto as Exhibit 3.01(b) hereto (the “Atmore Consent Instruments”). 
(c)The Board shall adopt a procurement plan consistent with the Business Plan (the “Procurement Plan”) which shall include a list of machinery and equipment necessary to produce the JVCO Products as described and in accordance with the Business Plan.  Thereafter, the JVCO shall acquire such machinery and equipment in accordance with the Procurement Plan. 
(d)The JVCO shall hire a president, who shall manage the JVCO (the “JVCO President”),  and the JVCO President shall hire a plant manager (the “Plant Manager”) and a controller (the “Controller”), both of which shall report to the JVCO President. The President shall be one of the directors serving on the board, and shall alternate on an annual basis, with the first President being designated by TruCor. 
(e)The JVCO President shall work with the Plant Manager and Controller to obtain the services of certain employees of TDG pursuant to the Administrative Services and Loaned Employee Agreement set forth in Section 3.01(g) hereof. The Parties anticipate that TDG will loan to JVCO approximately 150 to 200 employees to operate the JVCO Business pursuant to such agreement. 
(f)The JVCO will source raw materials directly with suppliers, and to the extent necessary or appropriate as determined by JVCO President, the JVCO will enter supply agreements with such suppliers as appropriate and as approved by the Board.
(g)TDG Operations shall provide, or cause to be provided by one of its Affiliates, loaned employees for the operation of the JVCO, administrative, insurance and risk management, information technology, cybersecurity, data protection, human resources services and use of space within its existing facility in Atmore, Alabama (the “Administrative Services and Loaned Employees”) to the JVCO pursuant to the terms of an administrative services and loaned employee agreement approved by the Board (the “Administrative Services and Loaned Employee Agreement”).  The Administrative Services and Loaned Employees provided by TDG Operations under the Administrative Services and Loaned Employee Agreement shall billed to and paid by the JVCO, which shall include service fees for the Administrative Services and Loaned Employees provided under the Administrative Services and Loaned Employee Agreement along with compensation for expenses incurred by TDG Operations and/or such Affiliates in providing Administrative Services and Loaned Employees to the JVCO under the Administrative Services and Loaned Employee Agreement, in each case as provided in the Administrative Services and Loaned Employee Agreement. 
3
    
3899561.22

(h)AMI shall provide, or cause to be provided by one of its Affiliates, to the JVCO, technical services, assistance and counsel, including, without limitation, manufacturing methods, process and know-how of a highly technical nature for the manufacture of the JVCO Products (the “Technical Services”), pursuant to the terms of a technical services agreement in the form of Exhibit C attached hereto (the “Technical Services Agreement”). The Technical Services provided by AMI under the Technical Services Agreement shall billed to and paid by the JVCO, which shall include service fees for the Technical Services provided under the Technical Services Agreement along with compensation for expenses incurred by AMI and/or such Affiliates in providing Technical Services to the JVCO under the Technical Services Agreement, in each case as unanimously agreed by the Board. 
(i)Each of TruCor and AMI shall enter into a supply agreement with the JVCO in the form of Exhibit D attached hereto (“Supply Agreement”) providing for the purchase by such Party of up to 50% of the production capacity/production of the JVCO.  Each such Supply Agreement shall include a limited warranty for the JVCO Products which shall provide that the JVCO Products will be manufactured according to the specifications provided by TruCor and AMI and accepted by the JVCO; provided that each Party may sell such Party’s own products with additional warranties provided such Party is solely responsible for such additional warranties.  The Supply Agreements shall contain mutual indemnification obligations between each Party and JVCO. 
(j)The Parties’ goal is for the JVCO to begin production of the JVCO Products in accordance with the timeline set forth in the Business Plan. 
(k)It is the Parties’ present intention that the JVCO Products will be priced at a rate that should enable the JVCO to achieve ten percent (10%) EBITDA margin on a normalized full production basis.  
(l)Profits or free cash flow produced by the JVCO will distributed or reinvested in accordance with the LLC Operating Agreement or as directed by the Board. 
ARTICLE IV. 
REPRESENTATIONS AND WARRANTIES OF TRUCOR AND DIXIE GROUP
TruCor represents and warrants to AMI that the statements contained in Sections 4.01-4.05 of this Article IV are true and correct as of the date hereof, and Dixie Group represents and warrants to AMI that the statements contained in Sections 4.06-4.10 of this Article IV are true and correct as of the date hereof.
Section 1.01Organization and Qualification of TruCor and TDG Operations. TruCor is a limited liability company duly organized, validly existing, and in good standing under the laws of the state of Georgia and has full limited liability company power and authority to own, operate, or lease the assets now owned, operated, or leased by it, and to carry on its business as currently conducted.  TDG Operations is a limited liability company duly organized, validly existing, and in good standing under the laws of the state of Georgia and has full limited liability company power and authority to own, operate, or lease the assets now owned, operated, or leased by it, and to carry on its business as currently conducted. 
Section 1.02Authority; Enforceability. TruCor has full limited liability company power and authority to enter into this Agreement, the LLC Operating Agreement and each of the Ancillary Agreements to which TruCor is a party (the “TruCor Agreements”) and to carry out its obligations hereunder, and to consummate the transactions contemplated hereby and thereby. 
4
    
3899561.22

TDG Operations has full limited liability company power and authority to enter into the Administrative Services and Loaned Employee Agreement and to carry out its obligations under such agreement. The execution, delivery, and performance by TruCor of this Agreement and each of the other TruCor Agreements and the consummation of the transactions contemplated hereby and thereby have been duly authorized by all requisite limited liability company action on the part of TruCor. Each of the TruCor Agreements has been duly executed and delivered by TruCor, and (assuming due authorization, execution, and delivery by the other Parties) constitutes a legal, valid, and binding obligation of TruCor, enforceable against it in accordance with its terms, except as may be limited by any bankruptcy, insolvency, reorganization, moratorium, fraudulent conveyance, or other similar Laws affecting the enforcement of creditors’ rights generally or by general principles of equity.  The execution, delivery, and performance by TDG Operations of the Administrative Services and Loaned Employee Agreement and the consummation of the transactions contemplated under such agreement have been duly authorized by all requisite limited liability company action on the part of TDG Operations. The Administrative Services and Loaned Employee Agreement has been duly executed and delivered by TDG Operations, and (assuming due authorization, execution, and delivery by the other Parties) constitutes a legal, valid, and binding obligation of TDG Operations, enforceable against it in accordance with its terms, except as may be limited by any bankruptcy, insolvency, reorganization, moratorium, fraudulent conveyance, or other similar Laws affecting the enforcement of creditors’ rights generally or by general principles of equity.
Section 1.03No Conflicts; Consents. 
(a)The execution, delivery, and performance by TruCor of this Agreement and each of the other TruCor Agreements and the consummation of the transactions contemplated hereby and thereby, including without limitation the funding of the entirety of the Initial Capital Commitment (as defined in the LLC Operating Agreement), do not and will not: (a) violate or conflict with the organizational documents of TruCor; (b) violate or conflict with any Governmental Order or Law applicable to TruCor; (c) conflict with, or result in (with or without notice or lapse of time or both) any violation of, or default under, or give rise to a right of termination, acceleration, or modification of any obligation or loss of any benefit under any contract or instrument or any debt or obligation to which TruCor, or any of its Affiliates, is a party or otherwise bound or to or by which TruCor or any of TruCor’s assets are subject or bound; or (d) result in the creation or imposition of any Lien upon any of the assets of TruCor; or (e) require the giving, filing or obtaining of any notice, filing, authorization, approval, order or consent of any Governmental Authority. No consent, approval, waiver, or authorization is required to be obtained by TruCor, or any of its Affiliates, from any Person in connection with the execution, delivery, and performance by TruCor of this Agreement and each of the other TruCor Agreements or the consummation of the transactions contemplated hereby and thereby. The execution, delivery, and performance by TDG Operations of the Administrative Services and Loaned Employee Agreement and the consummation of the transactions contemplated under such agreement do not and will not: (a) violate or conflict with the organizational documents of TDG Operations; (b) violate or conflict with any Governmental Order or Law applicable to TDG Operations; (c) conflict with, or result in (with or without notice or lapse of time or both) any violation of, or default under, or give rise to a right of termination, acceleration, or modification of any obligation or loss of any benefit under any contract or instrument or any debt or obligation to which TDG Operations, or any of its Affiliates, is a party or otherwise bound or to or by which TDG Operations or any of TDG Operations’s assets are subject or bound; or (d) result in the creation or imposition of any Lien upon any of the assets of TDG Operations; or (e) require the giving, filing or obtaining of any notice, filing, authorization, approval, order or consent of any Governmental Authority.  
5
    
3899561.22

(b)No consent, approval, waiver, or authorization is required to be obtained by TDG Operations, or any of its Affiliates, from any Person in connection with the execution, delivery, and performance by TDG Operations of the Administrative Services and Loaned Employee Agreement, or the consummation of the transactions contemplated under such agreement.
Section 1.01Legal Proceedings. There is no Action of any nature pending or, to TruCor’s knowledge, threatened against or by TruCor that challenges or seeks to prevent, enjoin, or otherwise delay the transactions contemplated by this Agreement or any of the other TruCor Agreements. To TruCor’s knowledge, no event has occurred or circumstances exist that could reasonably be expected to give rise to, or serve as a basis for, any such Action.  There is no Action of any nature pending or, to TruCor’s knowledge, threatened against or by TDG Operations that challenges or seeks to prevent, enjoin, or otherwise delay the transactions contemplated by the Administrative Services and Loaned Employee Agreement, and to TruCor’s knowledge, no event has occurred or circumstances exist that could reasonably be expected to give rise to, or serve as a basis for, any such Action.  
Section 1.02Solvency.  The present fair saleable value of the assets of TruCor exceeds the amount that will be required to be paid on or in respect of its existing debts and other liabilities (including contingent liabilities) of TruCor, as they mature.  After giving effect to the transactions contemplated hereby, including the payment to the JVCO in full of the Equity Contribution, TruCor will have sufficient capital for it to carry on its business as now conducted and as proposed to be conducted, including its capital needs, and shall not be rendered insolvent. 
Section 1.03Organization and Qualification of Dixie Group. Dixie Group is a corporation duly organized, validly existing, and in good standing under the laws of the state of Tennessee and has full corporate power and authority to own, operate, or lease the assets now owned, operated, or leased by it, and to carry on its business as currently conducted. 
Section 1.04Authority of Dixie Group; Enforceability. Dixie Group has full corporate power and authority to enter into this Agreement, and to carry out its obligations hereunder, and to consummate the transactions contemplated hereby. The execution, delivery, and performance by Dixie Group of this Agreement and the consummation of the transactions contemplated hereby have been duly authorized by all requisite corporate action on the part of Dixie Group. This Agreement has been duly executed and delivered by Dixie Group, and (assuming due authorization, execution, and delivery by the other Parties) constitutes a legal, valid, and binding obligation of Dixie Group, enforceable against it in accordance with its terms, except as may be limited by any bankruptcy, insolvency, reorganization, moratorium, fraudulent conveyance, or other similar Laws affecting the enforcement of creditors’ rights generally or by general principles of equity.
Section 1.05No Conflicts; Consents. The execution, delivery, and performance by Dixie Group of this Agreement and the consummation of the transactions contemplated hereby, do not and will not: (a) violate or conflict with the organizational documents of Dixie Group; (b) violate or conflict with any Governmental Order or Law applicable to Dixie Group; (c) conflict with, or result in (with or without notice or lapse of time or both) any violation of, or default under, or give rise to a right of termination, acceleration, or modification of any obligation or loss of any benefit under any contract or instrument or any debt or obligation to which Dixie Group, or any of its Affiliates, is a party or otherwise bound or to or by which Dixie Group or any of Dixie Group’s assets are subject or bound; or (d) result in the creation or imposition of any Lien upon any of the assets of Dixie Group; or (e) require the giving, filing or obtaining of any notice, filing, authorization, approval, order or consent of any Governmental Authority. No consent, approval, waiver, or authorization is required to be obtained by Dixie Group, or any of 
6
    
3899561.22

its Affiliates, from any Person in connection with the execution, delivery, and performance by Dixie Group of this Agreement or the consummation of the transactions contemplated hereby. 
Section 1.06Legal Proceedings. There is no Action of any nature pending or, to Dixie Group’s knowledge, threatened against or by Dixie Group that challenges or seeks to prevent, enjoin, or otherwise delay the transactions contemplated by this Agreement. To Dixie Group’s knowledge, no event has occurred or circumstances exist that could reasonably be expected to give rise to, or serve as a basis for, any such Action.
Section 1.10Solvency.  The present fair saleable value of the assets of Dixie Group exceeds the amount that will be required to be paid on or in respect of its existing debts and other liabilities (including contingent liabilities) of Dixie Group, as they mature.  After giving effect to the transactions contemplated hereby, including the payment to the JVCO in full of the Equity Contribution, Dixie Group will have sufficient capital for it to carry on its business as now conducted and as proposed to be conducted, including its capital needs, and shall not be rendered insolvent.  
ARTICLE V.
REPRESENTATIONS AND WARRANTIES OF AMI
AMI represents and warrants to TruCor that the statements contained in this Article V are true and correct as of the date hereof.
Section 1.04Organization and Qualification of AMI. AMI is a limited liability company duly organized, validly existing, and in good standing under the laws of the state of Delaware and has full limited liability company power and authority to own, operate, or lease the assets now owned, operated, or leased by it, and to carry on its business as currently conducted. 
Section 1.05Authority of AMI; Enforceability. AMI has full limited liability company power and authority to enter into this Agreement, the LLC Operating Agreement and each of the Ancillary Agreement to which AMI is a party (the “AMI Agreements”) and to carry out its obligations hereunder and thereunder, and to consummate the transactions contemplated hereby and thereby. The execution, delivery, and performance by AMI of this Agreement and each of the other AMI Agreements and the consummation of the transactions contemplated hereby and thereby have been duly authorized by all requisite limited liability company action on the part of AMI. Each of the AMI Agreements has been duly executed and delivered by AMI, and (assuming due authorization, execution, and delivery by the other Parties) constitutes a legal, valid, and binding obligation of AMI, enforceable against it in accordance with its terms, except as may be limited by any bankruptcy, insolvency, reorganization, moratorium, fraudulent conveyance, or other similar Laws affecting the enforcement of creditors’ rights generally or by general principles of equity.
Section 1.06No Conflicts; Consents. The execution, delivery, and performance by AMI of this Agreement and each of the other AMI Agreements and the consummation of the transactions contemplated hereby and thereby including without limitation the funding of the entirety of the Initial Capital Commitment, do not and will not: (a) violate or conflict with the organizational documents of AMI; (b) violate or conflict with any Governmental Order or Law applicable to AMI; (c) conflict with, or result in (with or without notice or lapse of time or both) any violation of, or default under, or give rise to a right of termination, acceleration, or modification of any obligation or loss of any benefit under any contract or instrument or any debt or obligation to which AMI, or any of its Affiliates, is a party or otherwise bound or to or by which AMI or any of AMI’s assets are subject or bound; or (d) result in the creation or imposition of any Lien upon any of the assets of AMI; or (e) require the giving, filing or 
7
    
3899561.22

obtaining of any notice, filing, authorization, approval, order or consent of any Governmental Authority. No consent, approval, waiver, or authorization is required to be obtained by AMI, or any of its Affiliates, from any Person in connection with the execution, delivery, and performance by AMI of this Agreement and each of the other AMI Agreements or the consummation of the transactions contemplated hereby and thereby.
Section 1.07Legal Proceedings. There is no Action of any nature pending or, to AMI’s knowledge, threatened against or by AMI that challenges or seeks to prevent, enjoin, or otherwise delay the transactions contemplated by this Agreement or any of the other AMI Agreements. To AMI’s knowledge, no event has occurred or circumstances exist that could reasonably be expected to give rise to, or serve as a basis for, any such Action.
Section 1.08Solvency.  The present fair saleable value of the assets of AMI exceeds the amount that will be required to be paid on or in respect of its existing debts and other liabilities (including contingent liabilities) of AMI, as they mature.  After giving effect to the transactions contemplated hereby, including the payment to the JVCO in full of the Equity Contribution, AMI will have sufficient capital for it to carry on its business as now conducted and as proposed to be conducted, including its capital needs, and shall not be rendered insolvent. 
ARTICLE VI. COVENANTS
Section 1.07Public Announcements; Disclosure Restrictions. 
(a)The Parties acknowledge that TruCor is an indirect subsidiary of Dixie Group, which is a publicly traded company, and Dixie Group, any Party that is a publicly traded company, and the direct or indirect parent of any entity which is a Party which direct or indirect parent is a publicly traded company (each such publicly traded company, a “PTC Entity”) is required to make certain public disclosures and filings as required by applicable securities Laws and the rules and regulations of the securities exchange on which the securities of such PTC Entity are traded (a “Required Disclosure”). Immediately following the full execution and delivery of this Agreement (or at such other time as required for the Required Disclosure), a PTC Entity shall issue an initial press release and make initial Required Disclosures, forms of which shall have been previously provided to the other Party for its review, and, to the extent not prohibited by applicable law, consented to by such other Party.  The Parties acknowledge that the execution and terms of this Agreement will be a Required Disclosure of TruCor (through Dixie Group, as a PTC Entity), and the form of the related Required Disclosure shall have been provided for the review and, to the extent not prohibited by applicable law,  consent by AMI.  Except for any Required Disclosure, neither Party nor any of its Affiliates or representatives shall (orally or in writing) publicly disclose, issue any press release or make any other public statement, or otherwise communicate with the media, concerning the existence of this Agreement or the subject matter hereof, without the prior written approval of the other Party. Except to the extent prohibited by Applicable Law, each PTC Entity shall provide the Parties notice in advance of any Required Disclosure and an opportunity to review such Required Disclosure.  Each Party shall be liable for any failure of its Affiliates or representatives to comply with the restrictions set forth under this Section 6.01.
(b)The Parties further acknowledge and agree that because a PTC Entity is a reporting company under Securities Exchange Act of 1934, the Parties, including their respective officers, directors, and employees (collectively, the “Restricted Persons”), are subjected to certain restrictions under federal and state securities laws and regulations with respect to trading the securities of such PTC Entity while in possession of material, 
8
    
3899561.22

non-public information concerning such PTC Entity and its direct or indirect subsidiary which may be a Party. In addition, federal and state securities laws and regulations require that a PTC Entity restrict the use and disclosure of material, non-public information, which will include information relating to financial performance of the JVCO. Each Party hereby agrees that it shall not publicly disclose material, non-public information relating to financial performance of the JVCO in accordance with applicable state and federal securities laws and regulations until such time as such information is required to be made public by a PTC Entity, and each Party shall notify all Restricted Persons employed by such Party of all such confidentiality obligations.  
Section 1.09Cooperation. Subject to the terms and conditions of this Agreement and each of the Ancillary Agreements, each Party hereto agrees to cooperate with the other Party in good faith to establish the JVCO and operate the JVCO Business in accordance with the initial Business Plan.  Each Party agrees to comply with its obligations as set forth in this Agreement, including, without limitation, to provide the JVCO with the capital commitment as set forth herein, and to use commercially reasonable efforts to fulfill such Party’s obligations as set forth in the initial Business Plan.
Section 1.010Non-Solicitation.
(c)From the date hereof until one year after such Party no longer owns any membership interest in JVCO (the “Restricted Period”), neither Party shall, and neither Party shall cause or permit any of its controlled Affiliates to, directly or indirectly, hire or solicit any person who is or was employed by the JVCO or the other Party as a manager or executive during the Restricted Period, or encourage any such employee to leave such employment or hire any such employee who has left such employment, except pursuant to a general solicitation which is not directed specifically to any such employees; provided, that nothing in this Section 6.03(a) shall prevent a Party or its Affiliate from hiring (i) any such employee whose employment has been terminated by the other Party or the JVCO, as applicable, or (ii) after one hundred eighty (180) days from the date of termination of employment, any such employee whose employment has been terminated by the employee. 
(d)Each Party acknowledges that the restrictions contained in Section 6.03(a) are reasonable and necessary to protect the legitimate interests of the other Party and constitute a material inducement to the other Party to enter into this Agreement and consummate the transactions contemplated hereby. In the event that any covenant contained in Section 6.03(a) should ever be adjudicated to exceed the time, geographic, product, service, or other limitations permitted by applicable Law in any jurisdiction, then any court is expressly empowered to reform such covenant, and such covenant shall be deemed reformed, in such jurisdiction to the maximum time, geographic, or other limitations permitted by applicable Law. The covenants contained in Section 6.03(a) and each provision thereof are severable and distinct covenants and provisions. The invalidity or unenforceability of any such covenant or provision as written shall not invalidate or render unenforceable the remaining covenants or provisions hereof, and any such invalidity or unenforceability in any jurisdiction shall not invalidate or render unenforceable such covenant or provision in any other jurisdiction.
Section 1.01Survival. Subject to the limitations and other provisions of this Agreement: (a) the representations and warranties of the Parties contained herein shall survive any investigation made by a Party and the Closing for a period of twelve months from the Closing Date, except that the representations and warranties set forth in Section 4.03(b) shall survive the closing indefinitely; and (b) the covenants and other agreements of the Parties contained herein shall survive the Closing indefinitely following the Closing Date.
9
    
3899561.22

Section 1.02Further Assurances. Following the Closing, each Party shall, and shall cause its Affiliates to, use its reasonable best efforts to execute and deliver such additional documents, instruments, conveyances, and assurances and take such further actions as may be reasonably required to carry out the provisions hereof and give effect to the transactions contemplated by this Agreement.
ARTICLE VII. CLOSING
Section 1.011Closing. Subject to the terms and conditions of this Agreement, the closing of the transactions contemplated by this Agreement (the “Closing”) shall take place remotely by exchange of documents and signatures (or their electronic counterparts), simultaneously with the execution of this Agreement. The date on which the Closing is to occur is herein referred to as the “Closing Date”.
Section 1.012Closing Deliveries. At the Closing:
(a)TruCor shall deliver the following:
(i)[reserved],
(ii)To JVCO and to AMI, an executed counterpart signature page of TruCor to the LLC Operating Agreement, 
(iii)To JVCO, an executed counterpart signature page of TDG Operations to the Administrative Services and Loaned Employee Agreement with JVCO,
(iv)To AMI, copies of resolutions of TruCor authorizing the execution, delivery and performance of this Agreement, certified by a duly authorized officer thereof,
(v)To AMI, evidence in form reasonably satisfactory to AMI that TDG Operations has delivered the Atmore Consent Instruments to each of the Atmore Lenders,
(vi)Certificates of good standing with respect to TruCor, as of a then recent date, issued by the Secretary of State of the State of Tennessee, and
(vii)All other documents required by the terms of this Agreement to be delivered to AMI at the Closing. 
(b)AMI shall deliver, or cause to be delivered, the following:
(i)[reserved],
(ii)To JVCO and TruCor, an executed counterpart signature page of AMI to the LLC Operating Agreement,
(iii)To JVCO, an executed counterpart signature page of AMI to the Technical Services Agreement, 
10
    
3899561.22

(iv)To TruCor, copies of resolutions of AMI authorizing the execution, delivery and performance of this Agreement, certified by a duly authorized officer thereof,
(v)Certificates of good standing with respect to AMI, as of a then recent date, issued by the Secretary of State of the State of Delaware, and
(vi)All other documents required by the terms of this Agreement to be delivered to TruCor at the Closing. 
ARTICLE VIII.  TERMINATION
Section 1.03Termination. This Agreement may be terminated at any time prior to or following the Closing:
(a)by the mutual written consent of the Parties;
(b)by either Party by written notice to the other Party in the event that (i) there shall be any Law that makes the transactions contemplated by this Agreement illegal or otherwise prohibited; (ii) any Governmental Authority shall have issued a Governmental Order restraining or enjoining the transactions contemplated by this Agreement and such Governmental Order shall have become final and non-appealable; (iii) JVCO is dissolved in accordance with the terms of the LLC Operating Agreement; or (iv) one Party acquires all of the membership interests in the JVCO owned by the other Party in accordance with the terms of this Agreement or the LLC Operating Agreement.
Section 1.013Effect of Termination. In the event of the termination of this Agreement in accordance with this Article, this Agreement shall forthwith become void and there shall be no liability on the part of any Party except as set forth in this Section 8.02, Section 6.01, Section 6.02, Section 6.03, Section 9.01, and Section 9.02 hereof.
ARTICLE IX. INDEMNIFICATION
Section 1.08Indemnification Obligations. Each Party (in such capacity, the “Indemnitor”) shall indemnify, defend, and hold harmless the JVCO and the other Party and each of their respective officers, directors, employees, agents, successors, and assigns (in such capacity, each, an “Indemnitee”) against all Losses arising out of or resulting from any Action brought by a person or entity who is not a Party related to or arising out of or resulting from the Indemnitor’s breach of any representation, warranty, or covenant under this Agreement (a “Third Party Claim”). 
Section 1.09Third Party Claim. The Indemnitee shall promptly notify Indemnitor in writing of any Third Party Claim within twenty (20) days after acquiring knowledge thereof and shall furnish the Indemnitor with all information and documents relating thereto (including copies of any summons, complaint or other written communications) within twenty (20) days after the Indemnitee’s receipt thereof (or, in each case, by any such earlier date as shall be necessary or appropriate for such notification or furnishing to be made to enable the Indemnitor to timely respond thereto and defend the same if it elects to do so). The Indemnitor shall be entitled to defend the Claim with counsel selected by it and reasonably acceptable to the Indemnitee, at the Indemnitor’s sole cost and expense. The Indemnitee shall have the right to employ its own counsel to participate in, but not control, any such case, but the fees and expenses of such counsel shall be at the Indemnitee’s sole cost and expense. The Indemnitee shall make available to the Indemnitor and its attorneys and accountants all books and records of 
11
    
3899561.22

the Indemnitee or any of its Affiliates relating to such Third Party Claim and shall render such assistance (including making available management and other employees) as is reasonably requested in order to ensure the proper and adequate defense of any Third Party Claim. In the event the Indemnitor shall be actively defending any Third Party Claim, the Indemnitee shall not file any papers, consent to the entry of any judgment or make any settlement in respect of such Third Party Claim without the prior written consent of the Indemnitor and shall accept any settlement thereof recommended by the Indemnitor so long as the amount thereof is paid or provided for in full by the Indemnitor. The Indemnitee’s failure to perform any obligations under this Section 9.02 shall not relieve the Indemnitor of its obligation under this Article IX except to the extent that the Indemnitor can demonstrate that it has been prejudiced as a result of the failure. The Indemnitee may participate in and observe the proceedings at its own cost and expense with counsel of its own choosing.  In the event of a Third Party Claim covered by this Section 9.02 which (i) does not seek only monetary damages, but seeks injunctive relief against any Indemnitee, or (ii) the Indemnitor elects not to compromise, and also elects not to defend, then in any such case under preceding clause (i) or (ii), the Indemnitee may pay, compromise or defend such Third Party Claim on such reasonable and prudent terms and with such counsel as the Indemnitee reasonably deems appropriate. Without limiting the rights of any Indemnitor and the obligations of any Indemnitee (including without limitation under this Section 9.02), the Indemnitee shall use commercially reasonable efforts to minimize any Losses resulting from or in respect of any Third Party Claim covered by this Agreement and will act reasonably and prudently in responding to, defending against, settling and otherwise dealing with each Third Party Claim.  Notwithstanding the foregoing provisions of the Section 9.02, in the event of a Third Party Claim covered by this Section 9.02 for which any applicable Indemnitee reasonably concludes that it and the Indemnitor have conflicting interests with respect to such Third Party Claim, then in any such case the fees and expenses of one counsel retained collectively by the Indemnitees in connection with the defense of such Third Party Claim, but only to the extent required by such conflict, shall constitute Losses for purposes of this Agreement.
Section 1.010Payments.  Once a Loss is agreed to by the Indemnitor or finally adjudicated to be payable pursuant to this ARTICLE IX, the Indemnitor shall satisfy its obligations within ten (10) Business Days of such final, non-appealable adjudication by wire transfer of immediately available funds.
Section 1.011Exclusive Remedies.  Subject to Section 8.02, the Parties acknowledge and agree that their sole and exclusive remedy with respect to any and all Third Party Claims (other than claims arising from fraud, criminal activity or willful misconduct on the part of a Party hereto in connection with the transactions contemplated by this Agreement) shall be pursuant to the indemnification provisions set forth in this ARTICLE IX. Nothing in this Section 9.04 shall limit any Party’s right to seek and obtain any equitable relief to which any Party shall be entitled or to seek any remedy on account of any Party’s fraud, criminal activity or willful misconduct. With respect to any Action or claim between the Parties arising from this Agreement, in no event shall either Party be liable to the other Party (whether in tort, including negligence or breach of statutory duty, breach of contract, misrepresentation or otherwise) for any indirect, consequential, exemplary, special, or punitive damages or any damages for lost profits, lost opportunity costs, business interruption or loss of business reputation, for diminution in value or based on any type of multiple, whether or not a Party has been advised of the possibility of such damages. 
ARTICLE X. DISPUTE RESOLUTION
Section 1.014Disputes. The Parties recognize that disagreements or disputes between the Parties may arise from time to time concerning this Agreement, the LLC Operating Agreement, the other Ancillary Agreements, or other agreements delivered in connection 
12
    
3899561.22

herewith or therewith (hereafter, “Disputes”).  It is the Parties’ objective to establish procedures to facilitate the resolution of all Disputes in an expedient manner by mutual cooperation and only thereafter, in the event any such Dispute has not been so resolved, by resort to litigation.  The Parties have set forth comprehensive Dispute resolution procedures in the LLC Operating Agreement, which will govern Disputes specific to the LLC Operating Agreement, and all other Disputes between the Parties shall be subject to this Article X, unless expressly stated to the contrary in the relevant agreement.  Either Party may initiate the dispute resolution procedure of this Article X by giving the other Party written notice of any Dispute in accordance with the terms of Section 11.02 (“Notice of Dispute”).
Section 1.015Negotiation and Mediation.  The Parties shall attempt in good faith to initially resolve any Dispute promptly by negotiation between at least one of the Board members appointed by each Party. Within ten (10) Business Days of written notice provided to a Party, a representative Board member from each of TruCor and AMI shall confer regarding the appointment of a mediator.  The Mediation shall be conducted in person before a single mediator to be agreed upon by the Members (the “Mediation”). If the Members cannot agree on the mediator, each Member shall select a mediator and such mediators shall together unanimously select a neutral mediator who will conduct the mediation. The Mediation shall take place in Atlanta, Georgia. Each Member shall bear the fees and expenses of its mediator and all the Members shall equally bear the fees and expenses of the final mediator.  All negotiations pursuant to this Section 10.02 are confidential and are deemed compromise and settlement negotiations for the purposes of applicable rules of evidence.  In the event that negotiation and the Mediation fail to resolve a Dispute, then each Party may resort to litigation through the chosen courts specified in Section 11.12 of this Agreement. 
ARTICLE XI. MISCELLANEOUS
Section 1.01Expenses. Except as otherwise provided in this Agreement, all costs and expenses incurred in connection with the preparation and execution of this Agreement and the other transactions contemplated hereby shall be paid by the Party incurring such costs and expenses.
Section 1.02Notices. All notices, requests, consents, claims, demands, waivers, and other communications hereunder shall be in writing and shall be deemed to have been given: (a) when delivered by hand (with written confirmation of receipt); (b) when received by the addressee if sent by a nationally recognized overnight courier (receipt requested); (c) on the date sent by facsimile or email of a .pdf document (with confirmation of transmission) if sent during normal business hours of the recipient, and on the next Business Day if sent after normal business hours of the recipient; or (d) on the third day after the date mailed, by certified or registered mail, return receipt requested, postage prepaid. Such communications must be sent to the respective Party at the following addresses (or at such other address for a Party as shall be specified in a notice given in accordance with this Section 11.02):
(a)If to TruCor: 
TruCor, LLC
475 Reed Road
Dalton, GA 30720-6307
Attn: Kennedy Frierson, Manager
Email:  kennedy.frierson@dixiegroup.com    

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

13
    
3899561.22

Miller & Martin, PLLC
832 Georgia Avenue, Suite 1200
Chattanooga, Tennessee 37402
Attn: John F. Henry, Esq.
Email:  john.henry@millermartin.com 

(b)If to Dixie Group: 
The Dixie Group, Inc.
475 Reed Road
Dalton, GA 30720-6307
Attn: Kennedy Frierson, Vice President and COO
Email:  kennedy.frierson@dixiegroup.com    

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

Miller & Martin, PLLC
832 Georgia Avenue, Suite 1200
Chattanooga, Tennessee 37402
Attn: John F. Henry, Esq.
Email:  john.henry@millermartin.com 

(c)If to AMI: 
[address to be provided]    

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

Golenbock Eiseman Assor Bell & Peskoe LLP
711 Third Avenue, 17th Floor
New York, NY 10017
Attn: Richard S. Kaplan, Esq.
Email: rkaplan@golenbock.com

Section 1.016Headings. The headings in this Agreement are for reference only and shall not affect the interpretation of this Agreement. 
Section 1.017Severability. If any term or provision of this Agreement is invalid, illegal, or unenforceable in any jurisdiction, such invalidity, illegality, or unenforceability shall not affect any other term or provision of this Agreement or invalidate or render unenforceable such term or provision in any other jurisdiction. 
Section 1.018Entire Agreement. This Agreement, the agreements contemplated hereby, and the LLC Operating Agreement constitute the sole and entire agreement of the Parties with respect to the subject matter contained herein and therein, and supersede all prior and contemporaneous understandings and agreements, both written and oral, with respect to such subject matter. 
Section 1.019Interpretation. For purposes of this Agreement: (a) the words “include,” “includes,” and “including” shall be deemed to be followed by the words “without limitation”; (b) the word “or” is not exclusive; and (c) the words “herein,” “hereof,” “hereby,” “hereto,” and “hereunder” refer to this Agreement as a whole. The definitions given for any defined terms in 
14
    
3899561.22

this Agreement shall apply equally to both the singular and plural forms of the terms defined. Whenever the context may require, any pronoun shall include the corresponding masculine, feminine, and neuter forms. Unless the context otherwise requires, references herein: (x) to Articles, Sections, Annexes and Exhibits mean the Articles, Sections, Annexes of, and Exhibits attached to, this Agreement; (y) to an agreement, instrument, or other document means such agreement, instrument, or other document as amended, supplemented, or modified from time to time to the extent permitted by the provisions thereof; and (z) to a statute means such statute as amended from time to time and includes any successor legislation thereto and any regulations promulgated thereunder. This Agreement shall be construed without regard to any presumption or rule requiring construction or interpretation against the party drafting an instrument or causing any instrument to be drafted. Exhibits referred to herein shall be construed with, and as an integral part of, this Agreement to the same extent as if they were set forth verbatim herein.
Section 1.020Successors and Assigns. This Agreement shall be binding upon and shall inure to the benefit of the Parties and their respective successors and permitted assigns. This Agreement and the rights and obligations hereunder may not be assigned by a Party without the written consent of the other Party. Any purported assignment not expressly permitted by this Agreement shall be void and of no effect.
Section 1.021No Third-Party Beneficiaries. This Agreement is for the sole benefit of the Parties and their respective successors and permitted assigns and, except with respect to Indemnitees as contemplated in Article IX hereof, nothing herein, express, or implied, is intended to or shall confer upon any other Person any legal or equitable right, benefit, or remedy of any nature whatsoever.
Section 1.022Amendment and Modification. This Agreement, including any Annex or Exhibit, may only be amended, modified, or supplemented by an agreement in writing signed by each Party. 
Section 1.10Waiver. No waiver by a Party of any of the provisions hereof shall be effective unless explicitly set forth in writing and signed by the Party so waiving. No waiver by a Party shall operate or be construed as a waiver in respect of any failure, breach, or default not expressly identified by such written waiver, whether of a similar or different character, and whether occurring before or after that waiver. No failure to exercise, or delay in exercising, any right, remedy, power, or privilege arising from this Agreement shall operate or be construed 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. 
Section 1.11Governing Law. This Agreement (and any claims, causes of action, or disputes that may be based upon, arise out of, or relate to the transactions contemplated hereby, to the negotiation, execution, or performance hereof, or to the inducement of any Party to enter herein, whether for breach of contract, tortious conduct, or otherwise and whether predicated on common law, statute, or otherwise) shall in all respects be governed by and construed in accordance with the internal laws of the State of Delaware without giving effect to any choice or conflict of law provision or rule (whether of the State of Delaware or any other jurisdiction).
Section 1.12Submission to Jurisdiction.  Any legal suit, action, or proceeding arising out of or based upon this Agreement or the transactions contemplated hereby shall be instituted in the federal courts of the United States of America or the courts of the State of Georgia in each case located in the City of Atlanta, and each Party irrevocably submits to the non-exclusive jurisdiction of such courts in any such suit, action, or proceeding.
15
    
3899561.22

Section 1.13Relationship of Parties. The relationship of the Parties established by this Agreement is that of independent contractors, and nothing herein shall be construed to constitute the Parties as partners, joint venturers, co-owners, or otherwise as participants in a joint or common undertaking, except as specifically set forth in this Agreement. Neither Party has any authority to either obligate the other or any of its Affiliates in any respect or hold itself out as having any such authority unless specifically agreed upon by the Parties in advance and in writing. 
Section 1.14Attorneys’ Fees. In the event that a Party institutes any legal suit, action, or proceeding against the other Party in respect of a matter arising out of or relating to this Agreement, the prevailing Party in the suit, action, or proceeding shall be entitled to receive, in addition to all other damages to which it may be entitled, the costs incurred by such Party in conducting the suit, action, or proceeding, including reasonable attorneys’ fees and expenses and court costs.
Section 1.15Guaranty by and Reimbursement Obligation of Dixie Group.  
(d)Dixie Group hereby unconditionally and irrevocably guarantees to AMI the punctual payment of all payment obligations and punctual performance of all of (i) TruCor’s covenants and agreements under this Agreement, the LLC Operating Agreement and each Ancillary Agreement to which TruCor is a party, and (ii) TDG Operations’ covenants and agreements under the Administrative Services and Loaned Employee Agreement and each other Ancillary Agreement to which TDG Operations is a party, in each case when and if such payment obligations, covenants, and agreements shall become due and performable according to the terms of this Agreement, the LLC Operating Agreement, the Administrative Services and Loaned Employee Agreement or any such other Ancillary Agreement, including without limitation the obligation to pay the Initial Capital Commitment (the “TruCor/TDG Guaranteed Obligations”). If TruCor and/or TDG Operations fails to perform or pay when due any TruCor/TDG Guaranteed Obligation, after any applicable cure periods, as and when provided for in this Agreement, the LLC Operating Agreement, the Administrative Services and Loaned Employee Agreement or any such other Ancillary Agreement, then, without the necessity or the requirement for AMI to pursue or exhaust its recourse against TruCor or TDG Operations, Dixie Group will perform or pay or cause to be performed or paid such TruCor/TDG Guaranteed Obligation promptly upon written demand. Dixie Group shall cause TruCor and TDG Operations to comply with its obligations this Agreement, the LLC Operating Agreement, each Ancillary Agreement to which it is a party and the Administrative Services and Loaned Employee Agreement, as applicable.
(e)The liability and obligations of Dixie Group under this Section 11.15 will not be released, discharged, limited or otherwise affected by: (i) any assignment of this Agreement, the LLC Operating Agreement, the Administrative Services and Loaned Employee Agreement or any other applicable Ancillary Agreement; (ii) any renewal, extension, substitution or other change in, or discontinuance of, the terms relating to the TruCor/TDG Guaranteed Obligations, or by any agreement to grant any extensions of time or any other indulgences or concessions to TruCor or TDG Operations; (iii) any limitation of status or power, incapacity or other circumstance relating to TruCor or TDG Operations, including any bankruptcy, insolvency, winding-up, dissolution, liquidation, arrangement, restructuring or other creditors’ proceedings involving or affecting TruCor or TDG Operations; or (iv) any reorganization, amalgamation or other change in the existence of TruCor or TDG Operations; provided, however, upon the termination of this Agreement, the Administrative Services and Loaned Employee Agreement or any other applicable Ancillary Agreement, Dixie Group shall have no further obligations with respect to the TruCor/TDG Guaranteed Obligations under such terminated Agreement, 
16
    
3899561.22

Ancillary Agreement and/or Administrative Services and Loaned Employee Agreement, as applicable, except to the extent such TruCor/TDG Guaranteed Obligations existed prior to such termination(s) and/or relate to any liabilities (contingent or otherwise), obligations (including payment obligations), conduct, state of facts or circumstances in existence prior to such termination(s) or any provisions of such terminated Agreement, Administrative Services and Loaned Employee Agreement and/or other Ancillary Agreement which survive such termination; provided further, that Dixie Group’s TruCor/TDG Guaranteed Obligations with respect to the LLC Operating Agreement shall terminate (y) in the event the JVCO is dissolved in accordance with the terms of the LLC Operating Agreement; or (z) if AMI or TruCor acquires all of the membership interests in the JVCO owned by the other Party in accordance with the terms of this Agreement or the LLC Operating Agreement; in each case of the foregoing clauses (y) and (z) except to the extent such TruCor/TDG Guaranteed Obligations existed prior to such dissolution or membership interest transfer and/or relate to any liabilities (contingent or otherwise), obligations (including payment obligations), conduct, state of facts or circumstances in existence prior to such dissolution or membership interest transfer or any provisions of such Agreement, Administrative Services and Loaned Employee Agreement and/or other Ancillary Agreement which survive such dissolution or membership interest transfer. 
Section 1.1Guaranty by an Affiliate of AMI.  AMI shall cause an affiliate to enter into a guaranty of its obligations under this Agreement, the LLC Operating Agreement and each Ancillary Agreement to which AMI is a party, when and if such payment obligations, covenants, and agreements shall become due and performable according to the terms of this Agreement, the LLC Operating Agreement or any such Ancillary Agreement, including without limitation the obligation to pay the Initial Capital Commitment. 
Section 1.2Counterparts. This Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which together shall be deemed to be one and the same agreement. A signed copy of this Agreement delivered by facsimile, email, or other means of electronic transmission shall be deemed to have the same legal effect as delivery of an original signed copy of this Agreement.
SIGNATURE PAGE FOLLOWS
17
    
3899561.22

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

TRUCOR: TRUCOR, LLC

By: _________________________
       Kennedy Frierson, Manager

AMI: ALABAMA MANUFACTURING INVESTMENT LLC

By: _________________________
Name: _______________________
Title: ________________________

Agreed and accepted, solely with respect to Sections 4.06-4.10 and Articles VI, X and XI: 
DIXIE: THE DIXIE GROUP, INC.

By: _________________________
 Kennedy Frierson, Vice President and COO
18
    
3899561.22

ANNEX I
Defined Terms
Capitalized terms used in the Agreement and not otherwise defined in the context of this Agreement shall have the meanings set forth in this Annex I: 
“Action” means any claim, action, cause of action, demand, lawsuit, arbitration, inquiry, audit, notice of violation, proceeding, litigation, citation, summons, subpoena, or investigation of any nature, civil, criminal, administrative, regulatory, or otherwise, whether at law or in equity.
“Affiliate” of a Person means any other Person that directly or indirectly, through one or more intermediaries, controls, is controlled by, or is under common control with, such Person. The term “control” (including the terms “controlled by” and “under common control with”) means the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of a Person, whether through the ownership of voting securities, by contract, or otherwise.  The term “Affiliate” does not, when used with respect to TruCor, Dixie Group, or AMI, include the JVCO.
“Agreement” has the meaning set forth in the preamble.
“AMI” has the meaning set forth in the preamble. 
“Ancillary Agreements” means the Administrative Services and Loaned Employee Agreement, Technical Services Agreement, Supply Agreements, and the other agreements, instruments, and documents required to be delivered by TruCor or AMI in connection with this Agreement or at the Closing.
“Atmore Consent Instruments” has the meaning set forth in Section 3.01(b).
“Atmore Lenders” means each of (i) Greater Nevada Credit Union, a Nevada non-profit cooperative corporation (“GNCU”), as Lender under the Loan Agreement, dated October 29, 2020, by and among GNCU, Dixie Group and TDG Operations and (ii) AmeriState Bank, an Oklahoma state banking corporation (“Ameristate”), as Bank under the Loan Agreement, dated October 26, 2020, by and among Ameristate, Dixie Group and TDG Operations; and each of their respective successors and assigns.
 “Business Day” means any day except Saturday, Sunday, or any other day on which commercial banks located in Atlanta, Georgia are authorized or required by Law to be closed for business.
“Certificate of Formation” has the meaning set forth in Section 2.01.
“Closing” has the meaning set forth in Section 7.01. 
“Closing Date” has the meaning set forth in Section 7.01. 
“Dixie Group” has the meaning set forth in the preamble.
“Governmental Authority” means any federal, state, local, or foreign government or political subdivision thereof, or any agency or instrumentality of such government or political subdivision, or any self-regulated organization or other non-governmental regulatory authority or quasi-governmental authority (to the extent that the rules, regulations, or orders of such 
19
    
3899561.22

organization or authority have the force of Law), or any arbitrator, court, or tribunal of competent jurisdiction.
“Governmental Order” means any order, writ, judgment, injunction, decree, stipulation, determination, penalty, or award entered by or with any Governmental Authority.
“Indemnitee” has the meaning set forth in Section 9.01.
“Indemnitor” has the meaning set forth in Section 9.01. 
“JVCO Business” has the meaning set forth in the Recitals.
“JVCO” has the meaning set forth in the Recitals. 
“Law” means any statute, law, ordinance, regulation, rule, code, constitution, treaty, common law, judgment, decree, other requirement, or rule of law of any Governmental Authority.
“Lien” means any lien, pledge, charge, mortgage, security interest, restriction, claim, encumbrance, right of first refusal, preference or similar rights of others of every kind and description. 
“Losses” means all losses, damages, liabilities, deficiencies, claims, actions, judgments, settlements, interest, awards, penalties, fines, costs, or expenses of whatever kind, including reasonable attorneys’ fees and the cost of enforcing any right to indemnification hereunder and the cost of pursuing any insurance providers; provided, however, “Losses” shall exclude (a) indirect, consequential, exemplary, special, or punitive damages, except to the extent awarded or paid to a third party in connection with a Third Party Claim; and (b) damages for lost profits, lost opportunity costs, business interruption or loss of business reputation, for diminution in value or based on any type of multiple, whether or not a Party has been advised of the possibility of such damages. 
“LLC Operating Agreement” has the meaning set forth in Section 2.02.
“Parties” has the meaning set forth in the preamble.
“Person” means an individual, corporation, partnership, joint venture, limited liability company, Governmental Authority, unincorporated organization, trust, association, or other entity.
“TruCor” has the meaning set forth in the preamble.
“TruCor/TDG Guaranteed Obligations” has the meaning set forth in Section 11.15.
“TDG Operations” has the meaning set forth in Section 3.01(g).

20
    
3899561.22

EXHIBIT A
CERTIFICATE OF FORMATION

See attached. 

21
    
3899561.22

EXHIBIT B
LLC OPERATING AGREEMENT

See attached. 
22
    
3899561.22

EXHIBIT C
TECHNICAL SERVICES AGREEMENT

See attached.

3899561.18

3899561.22

EXHIBIT D
SUPPLY AGREEMENT

See attached. 

3899561.18

3899561.22

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00347-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00347-of-00352.parquet"}]]