Document:

EX-10.1

 Exhibit 10.1 

TCW DIRECT LENDING LLC 

as Borrower 
  

 
 AMENDED AND RESTATED REVOLVING
CREDIT AGREEMENT 
  
  

NATIXIS, NEW YORK BRANCH 

as Administrative Agent 

NATIXIS, NEW YORK BRANCH 

as Sole Lead Arranger and Sole Book Manager 

and 
 The Conduit
Lenders, Committed Lenders, 
 and Funding Agents from time to time party hereto 

December 22, 2014 

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
		
	 1.     DEFINITIONS
	  	 	5	  
	 1.01
	 	Defined Terms	  	 	5	  
	 1.02
	 	Other Definitional Provisions	  	 	33	  
	 1.03
	 	Times of Day; Rates	  	 	33	  
	 1.04
	 	Accounting Terms	  	 	33	  
	 1.05
	 	Exchange Rates; Currency Equivalents	  	 	33	  
	 1.06
	 	Additional Alternative Currencies	  	 	34	  
	 1.07
	 	Change of Currency	  	 	35	  
		
	 2.     LOANS
	  	 	35	  
	 2.01
	 	Revolving Credit Commitment	  	 	35	  
	 2.02
	 	Borrowing Procedures	  	 	35	  
	 2.03
	 	Minimum Loan Amounts	  	 	37	  
	 2.04
	 	Funding	  	 	37	  
	 2.05
	 	Interest	  	 	39	  
	 2.06
	 	Determination of Rate and Billing	  	 	40	  
	 2.07
	 	Payment of Borrower Guaranty	  	 	40	  
	 2.08
	 	Use of Proceeds	  	 	40	  
	 2.09
	 	Unused Commitment Fee	  	 	40	  
	 2.10
	 	Reserved	  	 	41	  
	 2.11
	 	Computation of Interest and Fees	  	 	41	  
	 2.12
	 	Defaulting Lenders	  	 	41	  
	 2.13
	 	Extension of Stated Maturity Date	  	 	42	  
	 2.14
	 	Increase in the Maximum Commitment	  	 	43	  
		
	 3.     PAYMENT OF OBLIGATIONS
	  	 	44	  
	 3.01
	 	Notes	  	 	44	  
	 3.02
	 	Payment of Interest	  	 	45	  
	 3.03
	 	Payments of Obligations	  	 	45	  
	 3.04
	 	Mandatory Prepayment	  	 	47	  
	 3.05
	 	Voluntary Prepayments	  	 	48	  
	 3.06
	 	Reduction or Early Termination of Commitments	  	 	48	  
	 3.07
	 	Lending Office	  	 	48	  
		
	 4.     CHANGE IN CIRCUMSTANCES
	  	 	48	  
	 4.01
	 	Taxes	  	 	48	  
	 4.02
	 	Illegality	  	 	53	  
	 4.03
	 	Inability to Determine Rates	  	 	54	  
	 4.04
	 	Increased Costs Generally	  	 	55	  
	 4.05
	 	Compensation for Losses	  	 	56	  
	 4.06
	 	Mitigation Obligations; Replacement of Funding Party	  	 	58	  
	 4.07
	 	Survival	  	 	58	  
		
	 5.     SECURITY
	  	 	58	  
	 5.01
	 	Liens and Security Interest	  	 	58	  
	 5.02
	 	Collateral Account; Capital Calls	  	 	59	  
	 5.03
	 	Confirmation of Liens	  	 	60	  

  
 i 

							
		
	 6.     BORROWER GUARANTY
	  	 	60	  
	 6.01
	 	Unconditional Guaranty of Payment	  	 	60	  
	 6.02
	 	Waiver of Rights	  	 	61	  
	 6.03
	 	No Discharge	  	 	61	  
	 6.04
	 	Subrogation	  	 	61	  
	 6.05
	 	Benefit	  	 	61	  
	 6.06
	 	Reinstatement	  	 	61	  
	 6.07
	 	Continuing Guarantee	  	 	61	  
		
	 7.     CONDITIONS PRECEDENT TO CREDIT EXTENSIONS
	  	 	61	  
	 7.01
	 	Conditions to Amendment and Restatement	  	 	61	  
	 7.02
	 	All Loans	  	 	63	  
	 7.03
	 	Qualified Borrower Loans	  	 	64	  
		
	 8.     REPRESENTATIONS AND WARRANTIES
	  	 	65	  
	 8.01
	 	Organization and Good Standing of Borrower	  	 	65	  
	 8.02
	 	Authorization and Power	  	 	65	  
	 8.03
	 	No Conflicts or Consents	  	 	65	  
	 8.04
	 	Enforceable Obligations	  	 	65	  
	 8.05
	 	Priority of Liens	  	 	66	  
	 8.06
	 	Financial Condition	  	 	66	  
	 8.07
	 	Full Disclosure	  	 	66	  
	 8.08
	 	No Default	  	 	66	  
	 8.09
	 	No Litigation	  	 	66	  
	 8.10
	 	Material Adverse Change	  	 	66	  
	 8.11
	 	Taxes	  	 	66	  
	 8.12
	 	Jurisdiction Formation; Principal Office	  	 	66	  
	 8.13
	 	ERISA Compliance	  	 	66	  
	 8.14
	 	Compliance with Law	  	 	67	  
	 8.15
	 	Hazardous Substances	  	 	67	  
	 8.16
	 	Reserved	  	 	67	  
	 8.17
	 	Company Structure	  	 	67	  
	 8.18
	 	Capital Commitments and Contributions	  	 	67	  
	 8.19
	 	Fiscal Year	  	 	67	  
	 8.20
	 	Investment Company Act	  	 	67	  
	 8.21
	 	Margin Stock	  	 	67	  
	 8.22
	 	No Defenses	  	 	68	  
	 8.23
	 	Foreign Asset Control Laws	  	 	68	  
	 8.24
	 	OFAC	  	 	68	  
	 8.25
	 	Subscription Facility. Borrower confirms that the Transactions are permitted under Section 4.3.1 of the Operating Agreement	  	 	68	  
		
	 9.     AFFIRMATIVE COVENANTS
	  	 	68	  
	 9.01
	 	Financial Statements, Reports and Notices	  	 	68	  
	 9.02
	 	Payment of Taxes	  	 	70	  
	 9.03
	 	Maintenance of Existence and Rights	  	 	70	  
	 9.04
	 	Notice of Default or Key Person Event	  	 	70	  
	 9.05
	 	Other Notices	  	 	71	  
	 9.06
	 	Compliance with Loan Documents and Operating Agreement	  	 	71	  
	 9.07
	 	Books and Records; Access	  	 	71	  
	 9.08
	 	Compliance with Law	  	 	71	  
	 9.09
	 	Insurance	  	 	71	  

  
 ii 

							
	 9.10
	 	Authorizations and Approvals	  	 	71	  
	 9.11
	 	Maintenance of Liens	  	 	71	  
	 9.12
	 	Further Assurances	  	 	72	  
	 9.13
	 	Investor Financial and Rating Information	  	 	72	  
	 9.14
	 	Covenants of Qualified Borrowers	  	 	72	  
		
	 10.  NEGATIVE COVENANTS
	  	 	72	  
	 10.01
	 	Mergers; Dissolution	  	 	72	  
	 10.02
	 	Negative Pledge	  	 	73	  
	 10.03
	 	Fiscal Year and Accounting Method	  	 	73	  
	 10.04
	 	Constituent Documents	  	 	73	  
	 10.05
	 	Transfer by, or Admission of, Investors	  	 	73	  
	 10.06
	 	Capital Commitments	  	 	74	  
	 10.07
	 	ERISA Compliance	  	 	74	  
	 10.08
	 	Reserved.	  	 	74	  
	 10.09
	 	Limitations on Dividends and Distributions	  	 	75	  
	 10.10
	 	Limitation on Debt	  	 	75	  
	 10.11
	 	Sanctions	  	 	75	  
	 10.12
	 	Spin-Off	  	 	75	  
		
	 11.  EVENTS OF DEFAULT
	  	 	75	  
	 11.01
	 	Events of Default	  	 	75	  
	 11.02
	 	Remedies Upon Event of Default	  	 	77	  
	 11.03
	 	Curing an Event of Default by Investor Capital Call	  	 	77	  
	 11.04
	 	Performance by Administrative Agent	  	 	78	  
	 11.05
	 	Application of Funds	  	 	79	  
		
	 12.  AGENTS
	  	 	79	  
	 12.01
	 	Appointment and Authority	  	 	79	  
	 12.02
	 	Rights as a Lender	  	 	79	  
	 12.03
	 	Exculpatory Provisions	  	 	79	  
	 12.04
	 	Reliance by Agent or Lender	  	 	80	  
	 12.05
	 	Delegation of Duties	  	 	81	  
	 12.06
	 	Resignation of Administrative Agent	  	 	81	  
	 12.07
	 	Non-Reliance on Agents and Lenders	  	 	82	  
	 12.08
	 	No Other Duties, Etc.	  	 	82	  
	 12.09
	 	Administrative Agent May File Proofs of Claim	  	 	82	  
	 12.10
	 	Collateral Matters	  	 	83	  
		
	 13.  MISCELLANEOUS
	  	 	83	  
	 13.01
	 	Amendments	  	 	83	  
	 13.02
	 	Right of Setoff	  	 	87	  
	 13.03
	 	Sharing of Payments by Lender Group	  	 	87	  
	 13.04
	 	Payments Set Aside	  	 	88	  
	 13.05
	 	No Waiver; Cumulative Remedies; Enforcement	  	 	88	  
	 13.06
	 	Expenses; Indemnity; Damage Waiver	  	 	88	  
	 13.07
	 	Notice	  	 	90	  
	 13.08
	 	Governing Law	  	 	92	  
	 13.09
	 	Waiver of Jury Trial	  	 	93	  
	 13.10
	 	Invalid Provisions	  	 	93	  
	 13.11
	 	Successors and Assigns	  	 	93	  
	 13.12
	 	Assignment to Committed Lenders	  	 	99	  
	 13.13
	 	Replacement of Funding Party or Lender Group	  	 	101	  

  
 iii 

							
	 13.14
	 	Maximum Rate	  	 	101	  
	 13.15
	 	Headings	  	 	102	  
	 13.16
	 	Survival of Representations and Warranties	  	 	102	  
	 13.17
	 	Limited Liability of Investors	  	 	102	  
	 13.18
	 	Confidentiality	  	 	102	  
	 13.19
	 	USA Patriot Act Notice	  	 	103	  
	 13.20
	 	No Advisory or Fiduciary Responsibility	  	 	103	  
	 13.21
	 	Qualified Purchaser. Each Lender represents and warrants that it is a Qualified Purchaser	  	 	104	  
	 13.22
	 	No Bankruptcy Petition Against any Conduit Lender	  	 	104	  
	 13.23
	 	No Recourse Against any Conduit Lender	  	 	104	  
	 13.24
	 	Excess Funds	  	 	104	  
	 13.25
	 	Electronic Execution of Assignments and Certain Other Documents	  	 	105	  
	 13.26
	 	Counterparts; Integration; Effectiveness	  	 	105	  
	 13.27
	 	Judgment Currency	  	 	105	  
	 13.28
	 	Entire Agreement	  	 	106	  

 SCHEDULES 
  

			
	SCHEDULE 1.01A	  	Commitments and Lender Groups
	SCHEDULE 1.01B	  	Mandatory Cost Formulae
	SCHEDULE 13.07	  	Addresses

 EXHIBITS 

 

			
	EXHIBIT A:	  	Reserved
	EXHIBIT B:	  	Revolving Credit Note
	EXHIBIT C:	  	Loan Notice
	EXHIBIT D:	  	Security Agreement
	EXHIBIT E:	  	Collateral Account Assignment
	EXHIBIT F:	  	Assignment and Assumption Agreement
	EXHIBIT G:	  	Compliance Certificate
	EXHIBIT H:	  	Borrowing Base Certificate
	EXHIBIT I:	  	Facility Increase Request
	EXHIBIT J:	  	Facility Extension Request
	EXHIBIT K:	  	Lender Group Joinder Agreement
	EXHIBIT L:	  	Joinder Agreement
	EXHIBIT M:	  	U.S. Tax Compliance Certificates

  
 iv 

 AMENDED AND RESTATED REVOLVING CREDIT AGREEMENT 

This AMENDED AND RESTATED REVOLVING CREDIT AGREEMENT (together with all amendments and modifications hereof and supplements and
attachments hereto, this “Credit Agreement”) is dated as of December 22, 2014 by and among TCW DIRECT LENDING LLC, a Delaware limited liability company (“Borrower”), NATIXIS, NEW YORK
BRANCH (in its individual capacity, “Natixis”), as administrative agent for the Lenders (together with any successor appointed pursuant to Section 12 below, the “Administrative
Agent”), and the Committed Lenders, Conduit Lenders, Funding Agents and other Borrower Parties from time to time party hereto (each capitalized term not defined is defined below). 

Borrower, Administrative Agent, the Lenders named therein, and certain other Persons are parties to that certain Revolving Credit Agreement
dated as of November 12, 2014, pursuant to which Lenders have provided to Borrower a revolving credit facility on the terms stated therein (as amended and supplemented from time to time prior to the date hereof, the “Original Credit
Agreement”); 
 Borrower, Administrative Agent, and Lenders have agreed to make certain changes to the Original Credit
Agreement; and 
 Borrower, Administrative Agent, and Lenders desire to amend and restate the Original Credit Agreement pursuant to this
Credit Agreement in order to effect such changes. 
 NOW, THEREFORE, in consideration of the mutual promises herein contained and for other
valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto do hereby agree as follows: 

Borrower has requested that Lenders make loans to the Borrower Parties for the principal purposes of providing working capital to the Borrower
Parties; financing the costs and other expenses to be incurred by the Borrower Parties in connection with making investments permitted under the Operating Agreement; and financing the costs of other undertakings by Borrower permitted under the
Operating Agreement; Lenders are willing to lend funds upon the terms and subject to the conditions set forth in this Credit Agreement. 

NOW, THEREFORE, in consideration of the mutual promises herein contained and for other valuable consideration, the receipt and
sufficiency of which is hereby acknowledged, the parties hereto do hereby agree as follows: 
  

	1.	DEFINITIONS. 

 1.01 Defined Terms. For the purposes of this Credit Agreement,
unless otherwise expressly defined, the following terms shall have the respective meanings assigned to them in this Section 1 or in the Section or recital referred to in the definition thereof: 

“Adequately Capitalized” means compliance with the capital standards for Bank Holding Companies as described in the
Bank Holding Company Act of 1956, as amended, and regulations promulgated thereunder. 
 “Administrative Agent” is
defined in the preamble to this Credit Agreement. 

  
 5 

 “Administrative Agent’s Office” means Administrative Agent’s
address as set forth in Schedule 13.07, or such other address or, as appropriate, account as Administrative Agent may from time to time notify Borrower and the Lenders. 

“Administrator” means, with respect to any Conduit Lender, the Person designated by such Conduit Lender as its
“Administrator”. 
 “Affected Funding Party” is defined in Section 13.13. 

“Affiliate” of any Person means a specified Person that, directly or indirectly, Controls or is Controlled By, or is
Under Common Control With, such Person. 
 “Agents” means, collectively, Administrative Agent and each Funding Agent
and any successors and assigns in such capacities. 
 “Aggregate Concentration Limit” means the aggregate amount of
Unfunded Commitment in excess of the concentration limits set forth below, calculated for each Investor classification as a percentage of the aggregate Unfunded Commitments of all Included Investors and Designated Investors: 

 

					
	 Investor Classification
	  	Concentration Limit	 
	 Included Investors
	  	 	N/A	  
	 Designated Investors
	  	 	35	% 

 “Agreement Currency” is defined in Section 13.27. 

“Alternative Currency” means each of the following currencies: Euro, Sterling and Canadian Dollar and each other
currency (other than Dollars) that is approved in accordance with Section 1.06. 
 “Alternative Currency
Equivalent” means, at any time, with respect to any amount denominated in Dollars, the equivalent amount thereof in the applicable Alternative Currency as determined by Administrative Agent at such time on the basis of the Spot Rate
(determined in respect of the most recent Revaluation Date) for the purchase of such Alternative Currency with Dollars. 

“Annual Valuation Period” means the “annual valuation period” as defined in 29 C.F.R.
§ 25103.101(d)(5) as determined for each Borrower Party, as applicable. 
 “Applicable Margin” means, with
respect to interest rate spreads, the Applicable Margin set forth in the table below that corresponds to the applicable Type of Loan: 
  

					
	 	  	Applicable Margin	 
	 Base Rate Loan
	  	 	0.70	% 
	 Eurocurrency Rate Loan
	  	 	1.70	% 
	 Floating LIBOR Rate Loan
	  	 	1.70	% 
	 CP Rate Loan
	  	 	1.70	% 

 “Applicable Percentage” means (i) with respect to a Committed Lender, the product
of its Committed Lender Percentage and its Lender Group’s Lender Group Percentage; (ii) with respect to a Lender Group, its Lender Group Percentage; and (iii) with respect to a Conduit Lender, its Conduit Lender Percentage. 

  
 6 

 “Applicable Requirement” means, for any Included Investor that is (or
whose Credit Provider, if applicable, is): (a) a Bank Holding Company, Adequately Capitalized status or better and a Rating of BBB-/Baa3 or higher; (b) an insurance company, a Best’s Rating by A.M. Best Company of A- or higher and a Rating of BBB-/Baa3 or higher; (c) an ERISA Investor, or the trustee or nominee of an ERISA Investor, in addition to the Sponsor’s Rating of BBB-/Baa3 or higher, a minimum Funding Ratio
for the pension fund based on the Rating of the Sponsor of the pension fund as follows: 
  

					
	 Sponsor Rating
	  	Minimum Funding Ratio	 
	 A-/A3 or higher
	  	 	No minimum	  
	 BBB+/Baa1 to BBB-/Baa3
	  	 	90	% 

 (d) a Governmental Plan Investor, or the Responsible Party with respect to such Governmental
Plan Investor, in addition to the Responsible Party’s Rating of BBB-/Baa3 or higher, a minimum Funding Ratio for the pension fund based on the Rating of the Responsible Party as follows: 

 

					
	 Responsible Party Rating
	  	Minimum Funding Ratio	 
	 A-/A3 or higher
	  	 	No minimum	  
	 BBB+/Baa1 to BBB-/Baa3
	  	 	90	% 

 and (e) otherwise a Rated Included Investor, a Rating of BBB-/Baa3 or higher. 

The first Rating indicated in each case above is the S&P Rating and the second Rating indicated in each case above is the Moody’s
Rating. In the event that the Ratings are not equivalent, the Applicable Requirement shall be based on the lowest of the Ratings. If any Person has only one Rating, then that Rating shall apply. 

“Applicable Time” means, with respect to any borrowings and payments in any Alternative Currency, the local time in
the place of settlement for such Alternative Currency as may be determined by the Administrative Agent to be necessary for timely settlement on the relevant date in accordance with normal banking procedures in the place of payment. 

“Approved Fund” means any Person (other than a natural person) that is (or will be) engaged in making,
purchasing, holding or otherwise investing in commercial loans and similar extensions of credit in the ordinary course of its business, that is administered or managed by: (a) a Lender; (b) an Affiliate of a Lender; or (c) an
entity or an Affiliate of an entity that administers or manages a Lender. 
 “Arranger” means Natixis,
in its capacity as sole lead arranger and sole book manager. 
 “Assignee” is defined in
Section 13.11(b). 
 “Assignee Group” means two or more Eligible Assignees that are Affiliates of
one another or two or more Approved Funds managed by the same investment advisor. 
 “Assignment Amount” means, with
respect to a Committed Lender at the time of any assignment pursuant to Section 13.12 by a Conduit Lender in such Committed Lender’s Lender Group, an amount equal to the least of: (a) such Committed Lender’s
Committed Lender Percentage of the Obligations requested by such Conduit Lender to be assigned at such time; (b) such Committed Lender’s unused Commitment (minus the unrecovered principal amount of such Committed Lender’s
investments in such 

  
 7 

 
Obligations pursuant to the Liquidity Agreement to which it is a party); and (c) in the case of an assignment on or after the Conduit Investment Termination Date for such Conduit
Lender, such Committed Lender’s pro rata share of the applicable Conduit Lender Percentage of the Lender Group Percentage of the Principal Obligation. 

“Assignment and Assumption Agreement” means the agreement contemplated by Section 13.11(b)(iv),
pursuant to which any Lender assigns all or any portion of its rights and obligations hereunder, in substantially the form of Exhibit F or any other form (including electronic documentation generated by MarkitClear or other
electronic platform) approved by the Administrative Agent and the Borrower. 
 “Assignment Date” is defined in
Section 13.12(a). 
 “Attorney Costs” means and includes all documented out-of-pocket fees and
disbursements of a single law firm or any local or special counsel retained by the Administrative Agent or Lenders. 

“Availability Period” means the period commencing on the Closing Date and ending on the Maturity Date. 

“Available Commitment” means, at any time, the Dollar Equivalent of the lesser of: (a)(i) the
Maximum Commitment at such time minus (ii) the FX Reserve Amount at such time; or (b)(i) the Borrowing Base at such time minus (ii) the FX Reserve Amount at such time. 

“Bank Holding Company” means a “bank holding company” as defined in Section 2(a) of
the Bank Holding Company Act of 1956, as amended, or a non-bank subsidiary of such bank holding company. 
 “Base
Rate” means, for any day, a fluctuating rate per annum equal to the highest of: (a) the Federal Funds Rate for such day plus  1⁄2 of one
percent (0.50%); (b) the Prime Rate for such day; or (c) the Floating LIBOR Rate for a term of one month commencing that day plus 100 basis points (1.00%). 

“Base Rate Loan” means a Loan that bears interest based on the Base Rate (other than, for avoidance of doubt, a
Floating LIBOR Rate Loan as selected by Borrower pursuant to Section 2.02). All Base Rate Loans shall be denominated in Dollars. 

“Baseline Net Worth” is defined in clause (j) of the definition of Exclusion Event. 

“Basel III” means the global regulatory standards on bank capital adequacy and liquidity referred to by the Basel
Committee on Banking Supervision as “Basel III” or the “Basel III Framework” published in December 2010 together with any further guidance or standards in relation to “Basel III” or the
“Basel III Framework” published or to be published by the Basel Committee. 
 “Borrower” is
defined in the preamble hereto. 
 “Borrower Parties” means Borrower and each Qualified Borrower, and
“Borrower Party” means any one of them. 
 “Borrowing” means a disbursement made by the
Lenders of any of the proceeds of the Loans when such disbursement increases the outstanding principal amount of the Loans. 

  
 8 

 “Borrowing Base” means, at any time of determination, the sum
of: (a) ninety percent (90%) of the aggregate Eligible Included Unfunded Commitments of the Included Investors at such time; plus (b) sixty-five percent (65%) the aggregate Eligible Designated Unfunded Commitments of the
Designated Investors at such time. 
 “Borrowing Base Certificate” means a certificate of any Responsible Officer of
Borrower either (a) confirming there has been no change in the Borrowing Base since the date of the most recently delivered Borrowing Base Certificate or (b) setting forth the calculation of the Borrowing Base (based on the most recent
information available to Borrower) and the name, Capital Commitment and Unfunded Commitment of each Included Investor and each Designated Investor (subject to the approval requirements set forth in the respective definitions herein), in
substantially the form of Exhibit H attached hereto; provided, however, that such calculation may be provided in “Excel” format in a form reasonably acceptable to the Administrative Agent and containing the
information as set forth in Exhibit H. 
 “Borrowing Base Deficit” means, at any time of
determination, the amount (if any) by which the aggregate Principal Obligation is in excess of the Borrowing Base. 
 “Borrowing
Base Investors” means each Included Investor and each Designated Investor. 
 “Business Day” means any
day other than a Saturday, Sunday or other day on which commercial banks are authorized to close under the Laws of, or are in fact closed in, the City of New York with respect to Obligations denominated in Dollars is located and: 

(a) if such day relates to any Loans bearing interest at the Eurocurrency Rate, CP Rate or the Floating LIBOR Rate denominated
in Dollars, any fundings, disbursements, settlements and payments in Dollars in respect of any such Loan, or any other dealings in Dollars to be carried out pursuant to this Credit Agreement in respect of any such Loan, means any such day that is
also a London Business Day; 
 (b) if such day relates to any Loans bearing interest at the Eurocurrency Rate, CP Rate or the
Floating LIBOR Rate denominated in Euros, any fundings, disbursements, settlements and payments in Euros in respect of any such Loan, or any other dealings in Euros to be carried out pursuant to this Credit Agreement in respect of any such Loan,
means a TARGET Day; 
 (c) if such day relates to any Loans bearing interest at the Eurocurrency Rate, CP Rate or the
Floating LIBOR Rate denominated in a currency other than Dollars or Euros, means any such day on which dealings in deposits in the relevant currency are conducted by and between banks in the London or other applicable offshore interbank market for
such currency; and 
 (d) if such day relates to any fundings, disbursements, settlements and payments in a currency other
than Dollars or Euro in respect of a Loan bearing interest at the Eurocurrency Rate, CP Rate or the Floating LIBOR Rate denominated in a currency other than Dollars or Euros, or any other dealings in any currency other than Dollars or Euro to be
carried out pursuant to this Credit Agreement in respect of any such Loan (other than any interest rate settings), means any such day on which banks are open for foreign exchange business in the principal financial center of the country of such
currency. 
 “Canadian Dollars” and “Cdn$” mean the lawful currency of Canada. 

  
 9 

 “Capital Call” means a call upon all or any of the Investors for payment
of all or any portion of their Unfunded Commitments. 
 “Capital Call Notice” means any notice sent to, or demand or
request made on, an Investor for the purpose of making a Capital Call. 
 “Capital Commitment” means, for any
Investor, its “Commitment” as defined in the Operating Agreement. 
 “Capital Contribution” means,
for any Investor, any contribution of capital made to Borrower in response to a Capital Call or deemed contributed pursuant to the Operating Agreement. 

“Change in Law” means the occurrence, after the date of this Credit Agreement (or, with respect to any Person that
becomes a Lender pursuant to an Assignment and Assumption, the effective date of such assignment), of any of the following: (a) the adoption or taking effect of any law, rule, regulation or treaty; (b) any change in any law, rule,
regulation or treaty or in the administration, interpretation, implementation or application thereof by any Governmental Authority; or (c) the making or issuance of any request, rule, guideline or directive (whether or not having the force of
law) by any Governmental Authority; provided that, notwithstanding anything herein to the contrary: (i) the Dodd-Frank Wall Street Reform and Consumer Protection Act and all requests, rules, guidelines or directives thereunder or
issued in connection therewith; and (ii) all requests, rules, guidelines or directives promulgated by the Bank for International Settlements, the Basel Committee on Banking Supervision (or any successor or similar authority) or the United
States or foreign regulatory authorities, in each case pursuant to Basel III, shall in each case be deemed to be a “Change in Law”, regardless of the date enacted, adopted or issued. 

“Change of Control” means TCW Asset Management Company or an Affiliate thereof shall cease to be the investment
advisor of the Borrower. 
 “Closing Date” means the date on which all of the conditions precedent set forth in
Section 7.01 are satisfied or waived. 
 “Code” means the United States Internal Revenue Code of
1986, as amended. 
 “Collateral” is defined in Section 5.01. 

“Collateral Account” means the “Account” as defined in the Collateral Account Assignment delivered by
Borrower pursuant hereto. 
 “Collateral Account Assignment” means an assignment or security agreement with respect
to the Collateral Account in substantially the form of Exhibit E attached hereto, as such agreement shall be amended, modified, supplemented and/or restated and in effect from time to time. For the avoidance of doubt, the Existing
Collateral Account Assignment is a “Collateral Account Assignment” hereunder. 
 “Collateral Documents”
means the security agreements, financing statements, assignments, and other documents and instruments from time to time executed and delivered pursuant to this Credit Agreement to grant, perfect or continue a security interest in the Collateral for
the Obligations and any documents or instruments amending or supplementing the same, including, without limitation, the Security Agreement, the Collateral Account Assignment, and the Deposit Account Control Agreement. 

“Commercial Paper” means, on any day, either (i) the promissory notes of any Conduit Lender issued by such
Conduit Lender in the commercial paper market or (ii) the promissory notes issued in the 

  
 10 

 
commercial paper market by a multi-seller commercial paper conduit the proceeds of which are loaned to a Conduit Lender that are allocated, in whole or in part, by such Conduit Lender to fund or
maintain its Principal Obligation hereunder. 
 “Commitment” means, with respect to each Committed Lender, its
obligation to make Loans to Borrower Parties pursuant to Section 2.01, in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Committed Lender’s name on
Schedule 1.01A attached hereto under the heading “Commitment” or on the Assignment and Assumption Agreement pursuant to which such Committed Lender becomes a party hereto, as applicable, as such amount may be adjusted
from time to time in accordance with this Credit Agreement. Administrative Agent may amend and re-issue Schedule 1.01A from time to time to reflect the Commitments of the Committed Lenders. 

“Committed Lender Percentage” means, with respect to any Committed Lender on any day, the percentage equivalent of a
fraction the numerator of which is such Committed Lender’s Commitment at such time and the denominator of which is the Lender Group Limit for such Committed Lender’s Lender Group. 

“Committed Lenders” means: (a) each Committed Lender listed on the signature pages hereof; and (b) any
other Person that becomes a party to this Credit Agreement as a Committed Lender pursuant to the terms hereof, and any assignees thereof that shall become party hereto pursuant to Section 13.11 (but not any Participant that is not
otherwise party to this Credit Agreement). 
 “Competitor” means any direct lending investment company primarily
focused on investing in senior secured debt obligations or mezzanine debt obligations with portfolio companies, or investment management. For avoidance of doubt, a Competitor shall not include a commercial lender (i.e., a national bank, a state
chartered bank or other similarly regulated lending institution) unless otherwise notified by the Borrower (by its reasonable determination) to the Administrative Agent. 

“Compliance Certificate” is defined in Section 9.01(c). 

“Concentration Limit” means the Individual Concentration Limit and Aggregate Concentration Limit, as applicable. 

“Conduit Assignee” means any multi-seller commercial paper conduit or special purpose entity funded by a multi-seller
commercial paper conduit which is, in either case, administered by the Funding Agent for any existing Lender Group or an Affiliate thereof. 

“Conduit Investment Termination Date” means, with respect to any Conduit Lender, the date of the delivery by such
Conduit Lender to Borrower of written notice that such Conduit Lender elects, in its sole discretion, not to make any further Loans hereunder. 

“Conduit Lender” means: (a) each Conduit Lender listed on the signature pages hereof; and (b) any other
Person that shall become a party to this Credit Agreement as a Conduit Lender pursuant to the terms hereof, and any assignees thereof that shall become party hereto pursuant to Section 13.11 (but not any Participant that is not
otherwise party to this Credit Agreement). 
 “Conduit Lender Percentage” means, with respect to any Conduit Lender,
at any time, one hundred percent (100%), minus the percentage share of Principal Obligation held by the Committed Lenders and any other Conduit Lenders in such Conduit Lender’s Lender Group at such time. 

  
 11 

 “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. 
 “Constituent
Documents” means, for any entity, its constituent or organizational documents, including: (a) in the case of any partnership, joint venture, trust or other form of business entity, the partnership, joint venture or other
applicable agreement of formation and any agreement, instrument, filing or notice with respect thereto filed in connection with its formation with the secretary of state or other department in the state of its formation, in each case as amended from
time to time; (b) in the case of any limited liability company, its articles or certificate of formation and its operating agreement or limited liability company agreement; and (c) in the case of a corporation, its certificate or
articles of incorporation and its bylaws. 
 “Control” and the correlative meanings of the terms
“Controlled By” and “Under Common Control With” mean the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of such Person, whether through
the ownership of voting shares or partnership interests, or of the ability to exercise voting power by contract or otherwise. 

“CP Rate” means, for any Conduit Lender and any Interest Period for any Loan at the CP Rate, the per annum rate
equivalent to the rate (or, if more than one rate, the weighted average of the rates) applicable to the Commercial Paper issued by such Conduit Lender or its Related Commercial Paper Issuer and allocated, in whole or in part, to fund Loans
hereunder, which Commercial Paper may be sold by any placement agent or commercial paper dealer selected by such Conduit Lender, and which rate shall incorporate (i) applicable commercial paper dealer and placement agent fees and commissions
and (ii) other funding costs (excluding costs associated with a Conduit Lender’s liquidity fundings) of such Conduit Lender relating to the Transactions, such as any costs associated with conversions into any Alternative Currency incurred
in connection therewith and the costs of funding odd lots or small dollar amounts; provided that if the rate (or rates) as agreed between any such agent or dealer and such Conduit Lender is a discount rate, then the CP Rate shall be the rate
(or if more than one rate, the weighted average of the rates) resulting from such Conduit Lender’s converting such discount rate (or rates) to an interest-bearing equivalent rate per annum. 

“CP Rate Loan” means a Loan that bears interest based on a CP Rate (or, in the case of a Loan funded by a Conduit
Lender through its Liquidity Provider, at the rate specified in Section 2.05(a)). 
 “Credit
Agreement” is defined in the preamble hereto. 
 “Credit Extension” means a Borrowing (including any
conversion or continuation of any Borrowing). 
 “Credit Provider” means a Person providing a guaranty or other
similar agreement, in form and substance reasonably acceptable to Lenders, of the obligations of an Included Investor to make Capital Contributions to Borrower. 

“Debtor Relief Laws” means any applicable liquidation, conservatorship, bankruptcy, moratorium, rearrangement,
insolvency, fraudulent conveyance, reorganization, or similar laws affecting the rights, remedies, or recourse of creditors generally, including without limitation the United States Bankruptcy Code and all amendments thereto, as are in effect from
time to time during the term of the Loans. 
 “Default” means any condition, act, or event which, with the giving of
notice or lapse of time or both, would become an Event of Default. 

  
 12 

 “Default Rate” means, with respect to any Loan, on any day the lesser
of: (a) the interest rate in effect on such day and otherwise applicable to such Loan, plus the Applicable Margin applicable to such Loan, plus two percent (2.0%); or (b) the Maximum Rate. 

“Defaulting Investor” is defined in the definition of “Exclusion Event” herein. 

“Defaulting Lender” means, subject to Section 2.12(b), any Committed Lender that: (a) has
failed to: (i) fund all or any portion of its Loans within two (2) Business Days of the date such Loans were required to be funded hereunder unless such Lender notifies Administrative Agent and Borrower in writing that such failure is
the result of such Lender’s good faith determination that one or more conditions precedent to funding (each of which conditions precedent, together with any applicable default, shall be specifically identified in such writing) has not been
satisfied, or (ii) pay to Administrative Agent or any other Lender any other amount required to be paid by it hereunder within two (2) Business Days of the date when due unless such Lender notifies Administrative Agent and Borrower in
writing that such failure is the result of such Lender’s good faith determination that one or more conditions precedent to funding (each of which conditions precedent, together with any applicable default, shall be specifically identified in
such writing) has not been satisfied; (b) has notified Borrower and Administrative Agent in writing that it does not intend to comply with its funding obligations hereunder, or has made a public statement to that effect (unless such writing or
public statement relates to such Lender’s obligation to fund a Loan hereunder and states that such position is based on such Lender’s determination that a condition precedent to funding (which condition precedent, together with any
applicable default, shall be specifically identified in such writing or public statement) cannot be satisfied), (c) has failed, within two (2) Business Days after written request by Administrative Agent or Borrower, to confirm in
writing to Administrative Agent and Borrower that it will comply with its prospective funding obligations hereunder (provided that such Lender shall cease to be a Defaulting Lender pursuant to this clause (c) upon
receipt of such written confirmation by Administrative Agent and Borrower), or (d) has, or has a direct or indirect parent company that has: (i) become the subject of a proceeding under any Debtor Relief Law; or (ii) had
appointed for it a receiver, custodian, conservator, trustee, administrator, assignee for the benefit of creditors or similar Person charged with reorganization or liquidation of its business or assets, including the Federal Deposit Insurance
Corporation or any other state or federal regulatory authority acting in such a capacity; provided that a Lender shall not be a Defaulting Lender solely by virtue of the ownership or acquisition of any Equity Interest in that Lender or any
direct or indirect parent company thereof by a Governmental Authority so long as such ownership interest does not result in or provide such Lender with immunity from the jurisdiction of courts within the United States or from the enforcement of
judgments or writs of attachment on its assets or permit such Lender (or such Governmental Authority) to reject, repudiate, disavow or disaffirm any contracts or agreements made with such Lender. Any determination by Administrative Agent that a
Lender is a Defaulting Lender under any one or more of clauses (a) through (d) above, and of the effective date of such status, shall be conclusive and binding absent manifest error, and such Lender shall
be deemed to be a Defaulting Lender (subject to Section 2.12(b)) as of the date established therefor by Administrative Agent in a written notice of such determination, which shall be delivered by Administrative Agent to Borrower
and each other Lender (including such Defaulting Lender) promptly following such determination. For the purposes of the definition of Defaulting Lender only, “Equity Interest” means, with respect to any Person, all of the
shares of capital stock of (or other ownership or profit interests in) such Person, all of the warrants, options or other rights for the purchase or acquisition from such Person of shares of capital stock of (or other ownership or profit interests
in) such Person, all of the securities convertible into or exchangeable for shares of capital stock of (or other ownership or profit interests in) such Person or warrants, rights or options for the purchase or acquisition from such Person of such
shares (or such other interests), and all of the other ownership or profit interests in such Person (including partnership, member or trust interests therein), whether voting or nonvoting, and whether or not such shares, warrants, options, rights or
other interests are outstanding on any date of determination. 

  
 13 

 “Deposit Account Control Agreement” means a deposit account control
agreement or blocked account control agreement by and among Borrower, Depository and Administrative Agent, with respect to the Collateral Account, in form and substance reasonably satisfactory to Administrative Agent. 

“Depository” is defined in Section 5.02(a). 

“Designated Investor” means any Investor: (a) designated by Administrative Agent and all Committed Lenders (each in
its sole discretion) as a Designated Investor; and (b) as to which Borrower has delivered to Administrative Agent the information and documents required under Section 7.01(a)(ix) or 10.05(d), as applicable;
provided that (i) a Defaulting Investor shall no longer be a Designated Investor until such time as all Exclusion Events affecting such Investor have been cured to the satisfaction of the Administrative Agent and all of the Committed
Lenders (not to be unreasonably withheld, conditioned or delayed); and (ii) if an involuntary proceeding under clause (b) of the Exclusion Events is instituted against a Designated Investor, such Defaulting Investor shall be
automatically reinstated as a Designated Investor if such Exclusion Event is dismissed with sixty (60) days of the date such proceeding is instituted. 

“Designated Jurisdiction” means any country or territory to the extent that such country or territory itself is the
subject of any Sanction and with which dealings are prohibited for Borrower under such Sanction. 
 “Dollar
Equivalent” means, at any time: (a) with respect to any amount denominated in Dollars, such amount, and (b) with respect to any amount denominated in any Alternative Currency, the equivalent amount thereof in Dollars as
determined by the applicable Funding Agent at such time on the basis of the Spot Rate (determined in respect of the most recent Revaluation Date) for the purchase of Dollars with such Alternative Currency. 

“Dollars” and the sign “$” mean lawful currency of the United States of America. 

“Eligible Assignee” means: (a) a Lender, an Affiliate of a Lender, an Approved Fund, a Liquidity Provider, a
Conduit Assignee, a Federal Reserve Bank, a central bank, a collateral trustee or security agent for holders of commercial paper; and (b) any other Person approved in writing by the Administrative Agent (each such approval not to be
unreasonably withheld or delayed by Administrative Agent) and, unless an Event of Default under Sections 11.01(a), 11.01(g) or 11.01(h) exists at the time any assignment is effected in accordance with
Section 13.11, Borrower (such approval not to be unreasonably withheld or delayed by Borrower); provided, however, that (x) each Eligible Assignee must be a Qualified Purchaser, (y) no Competitor shall
qualify as an Eligible Assignee, and (z) neither Borrower nor any Affiliate of Borrower shall qualify as an Eligible Assignee. 

“Eligible Designated Unfunded Commitments” means, with respect to Designated Investors, the aggregate amount that is
equal to the Unfunded Commitments of each Designated Investor; provided, however, that in connection with each determination of the Borrowing Base, (a) the Eligible Designated Unfunded Commitment of each Designated Investor (and,
accordingly, the Borrowing Base) shall be reduced to the extent necessary, if any, so that the Eligible Designated Unfunded Commitment of such Designated Investor does not exceed the Individual Concentration Limit and thereafter (b) the
aggregate Eligible Designated Unfunded Commitments of all Designated Investors (and, accordingly, the Borrowing Base) shall be reduced to the extent necessary, if any, so that the aggregate Eligible Designated Unfunded Commitments of all Designated
Investors do not exceed the Aggregate Concentration Limit. 

  
 14 

 “Eligible Included Unfunded Commitments” means, with respect to Included
Investors, the aggregate amount that is equal to the Unfunded Commitments of all Included Investors. 
 “Environmental
Laws” means: (a) the Comprehensive Environmental Response, Compensation and Liability Act of 1980, as amended by the Superfund Amendments and Re-authorization Act of 1986, 42 U.S.C. §9601 et seq.; (b) the
Resource Conservation and Recovery Act of 1976, as amended by the Hazardous and Solid Waste Amendments of 1984, 42 U.S.C. §6901 et seq.; (c) the Clean Air Act, 42 U.S.C. §7401 et seq., as amended by the Clean
Air Act Amendments of 1990; (d) the Clean Water Act of 1977, 33 U.S.C. §1251 et seq.; (e) the Toxic Substances Control Act, 15 U.S.C.A. §2601 et seq.; (f) all other federal, state and local laws, ordinances,
regulations or written policies relating to pollution or protection of human health (as it relates to exposure to Hazardous Materials) or the environment including without limitation, air pollution, water pollution, noise control, or the use,
handling, discharge, disposal or Release or recovery of on-site or off-site Hazardous Materials, as each of the foregoing may be amended from time to time, applicable to any Borrower Party; and (g) any and all regulations promulgated under or
pursuant to any of the foregoing statutes. 
 “Environmental Liability” means any written claim, demand, obligation,
cause of action, accusation or allegation, or any order, violation, damage (including, without limitation, to any Person, property or natural resources), injury, judgment, penalty or fine, cost of enforcement, cost of remedial action, clean-up,
restoration or any other cost or expense whatsoever, including reasonable attorneys’ fees and disbursements resulting from the violation or alleged violation of any Environmental Law or the imposition of any Environmental Lien or otherwise
arising under any Environmental Law or resulting from any common law cause of action asserted by any Person. 
 “Environmental
Lien” means a Lien in favor of any Governmental Authority: (a) under any Environmental Law; or (b) for any liability or damages arising from, or costs incurred by, any Governmental Authority in response to the Release or
threatened Release of any Hazardous Material. 
 “ERISA” means the Employee Retirement Income Security Act of 1974,
as amended, and the rules and regulations promulgated thereunder by any Governmental Authority, as from time to time in effect. 

“ERISA Affiliate” means any trade or business (whether or not incorporated) under common control with any Borrower
Party within the meaning of Section 414(b) or (c) of the Code (and Sections 414(m) and (o) of the Code for purposes of provisions relating to Section 412 of the Code). 

“ERISA Investor” means an Investor that is: (a) an “employee benefit plan” (as such term is
defined in Section 3(3) of ERISA) subject to Title I of ERISA, (b) any “plan” defined in and subject to Section 4975 of the Code, or (c) a partnership or commingled account of a
fund, or any other entity, whose assets include or are deemed to include the assets of one or more such employee benefit plans or plans in accordance with the Plan Assets Regulations or otherwise. 

“ERISA Investor Excluded Items” means, with respect to each ERISA Investor, any rights, titles, interests, remedies or
privileges of Borrower: 
 (a) in and to the rights and obligations of such ERISA Investor in Borrower (and any appurtenant
rights thereunder), including such ERISA Investor’s Membership Interests therein, granted to Borrower to secure such ERISA Investor’s obligation to fund its Capital Commitment; 

(b) to request or require such ERISA Investor to confirm the amount of, or to confirm its obligation to make payments in
respect of, its uncalled Capital Commitments; 

  
 15 

 (c) to require such ERISA Investor to forfeit or sell any portion of such ERISA
Investor’s Membership Interests in Borrower; and 
 (d) to request or require such ERISA Investor to make payment for
any Capital Call other than to an account of Borrower. 
 “Euro” and “€” mean the
single currency of the Participating Member States. 
 “Eurocurrency Rate” means: 

(a) for any Interest Period with respect to a Eurocurrency Rate Loan, the rate per annum equal to the London Interbank Offered
Rate (“LIBOR”) or a comparable or successor rate if LIBOR is no longer available, which rate is approved by the Administrative Agent, as published on the applicable Reuters screen page (or such other commercially available
source providing such quotations as may be designated by the Administrative Agent from time to time) at approximately 11:00 a.m., London time, two Business Days prior to the commencement of such Interest Period, for deposits in the relevant
currency (for delivery on the first day of such Interest Period) with a term equivalent to such Interest Period; 
 (b) for
any interest calculation with respect to a Base Rate Loan on any date, the Floating LIBOR Rate; and 
 (c) if the
Eurocurrency Rate calculated in accordance with the foregoing clause (a) or (b) shall be less than zero, then such rate shall be deemed zero for purposes of this Credit Agreement; 

provided that to the extent a comparable or successor rate is approved by the Administrative Agent in connection herewith, the approved
rate shall be applied in a manner consistent with market practice; provided, further that to the extent such market practice is not administratively feasible for the Administrative Agent, such approved rate shall be applied in a manner
as otherwise reasonably determined by the Administrative Agent. 
 “Eurocurrency Rate Loan” means a Loan that bears
interest at a rate based on clause (a) of the definition of “Eurocurrency Rate.” 
 “Event of
Default” is defined in Section 11.01. 
 “Existing Collateral Account Assignment” is
defined in Section 5.03(b). 
 “Existing Security Agreement” is defined in
Section 5.03(a). 
 “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, formed or incorporated under the laws of, or having its principal office or, in the case of any Lender, its 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 applicable Borrower Party under
Section 4.06); or (ii) such Lender 

  
 16 

 
changes its Lending Office, except in each case to the extent that, pursuant to Section 4.01(a)(ii) or Section 4.01(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 Lending Office; (c) Taxes attributable to such Recipient’s failure to comply with Section
4.01(e); (d) any backup withholding Tax that is required by the Code to be withheld from amounts payable to such Recipient; and (e) any U.S. federal withholding Taxes imposed pursuant to FATCA. 

“Exclusion Event” means the occurrence, with respect to any Borrowing Base Investor or, if applicable, the Sponsor,
Responsible Party, or Credit Provider of such Borrowing Base Investor (such Investor hereinafter referred to as a “Defaulting Investor”), of any of the following events: 

(a) such Investor (or its Sponsor, Responsible Party or Credit Provider, as applicable) shall: (i) apply for or
consent to the appointment of a receiver, trustee, custodian, intervenor, or liquidator of itself or of all or a substantial part of its assets; (ii) file a voluntary petition as debtor in bankruptcy or admit in writing that it is unable to pay
its debts as they become due; (iii) make a general assignment for the benefit of creditors; (iv) file a petition or answer seeking reorganization or an arrangement with creditors or take advantage of any Debtor Relief Laws; (v) file
an answer admitting the material allegations of, or consent to, or default in answering, a petition filed against it in any bankruptcy, reorganization, or insolvency proceeding under any Debtor Relief Laws; or (vi) take any personal,
partnership, limited liability company, corporate or trust action, as applicable, for the purpose of effecting any of the foregoing; 

(b) the commencement of any bankruptcy, reorganization, or insolvency proceeding under any Debtor Relief Laws relating to such
Investor (or its Sponsor, Responsible Party or Credit Provider, as applicable) or all or any material part of its respective property is instituted without the consent of such Person; or an order, judgment, or decree shall be entered by any court of
competent jurisdiction or other competent authority approving a petition seeking such Investor’s (or its Sponsor’s, Responsible Party’s or Credit Provider’s, as applicable) bankruptcy, reorganization, or insolvency, or appointing
a receiver, custodian, trustee, administrator or similar entity, of such Person or of all or substantially all of its assets; 

(c) any uninsured final judgment(s) for the payment of money which in the aggregate exceeds fifteen percent (15%) of
the net worth of such Investor (or its Sponsor, Responsible Party or Credit Provider, as applicable) shall be rendered against such Person, and such judgment or judgments shall not be bonded, stayed or satisfied or discharged at least
thirty (30) days prior to the date on which any of its assets could be lawfully sold to satisfy such judgment; 
 (d)
such Investor shall repudiate, challenge, or declare unenforceable its obligation to make contributions to the capital of Borrower pursuant to its Capital Commitment or a Capital Call Notice or its obligations under its Subscription Agreement or the
Operating Agreement shall be or become unenforceable; 
 (e) such Investor shall fail to make a contribution to the capital
of Borrower when required pursuant to a Capital Call Notice, or shall otherwise be in material default under its Subscription Agreement, the Operating Agreement or the Loan Documents, in each case subject to any applicable notice or cure periods
plus ten (10) Business Days; 
 (f) any representation or warranty made under the Operating Agreement or its
Subscription Agreement shall prove to be untrue or inaccurate in any material respect, as of the date on which such representation or warranty is made, and such Person shall fail to cure the adverse effect of the failure of such representation or
warranty within thirty (30) days after written notice thereof is delivered by Administrative Agent to Borrower; 

  
 17 

 (g) such Investor shall transfer its entire Membership Interest in Borrower,
provided that if less than all of such Investor’s Membership Interest is transferred or assigned, only such portion as is transferred or assigned shall be subject to exclusion from the calculation of Borrowing Base; 

(h) in the case of each Rated Included Investor (or its Sponsor, Responsible Party or Credit Provider, as applicable), it shall
fail to maintain its Applicable Requirement as required in the definition of Applicable Requirement hereof; 
 (i) in the
case of each Designated Investor without a Rating (or its Sponsor, Responsible Party or Credit Provider, as applicable), the occurrence of any circumstance or event which: (A) would reasonably be expected to have a material and adverse
effect on the financial condition or business operations of such Investor; or (B) would reasonably be expected to impair, impede, or jeopardize the obligation and the liability of such Investor to fulfill its obligations under its Subscription
Agreement or the Operating Agreement; 
 (j) in the case of each Non-Rated Included Investor, (i) it shall fail to
maintain a net worth (determined in accordance with GAAP), measured at the end of each fiscal year of such Included Investor, of at least 70% of the net worth of such Investor (the “Baseline Net Worth”) as
of: (A) the fiscal year which ended on or immediately prior to the Closing Date, if the Investor was an Included Investor (or was pre-approved as an Included Investor, pursuant to written agreement of Administrative Agent) on the Closing
Date; or (B) the fiscal year for which Administrative Agent has financial information which ended on or immediately prior to the date of its designation as an Included Investor (in the case not covered by
clause (A) above); or (ii) it shall fail to provide updated financial information available (to the extent requested by Administrative Agent) on an annual basis in order to measure such Baseline Net Worth after the Closing
Date; provided, however, that any Non-Rated Included Investor who fails to provide such updated financial information available after the Closing Date shall automatically constitute a Designated Investor (and the Borrower and
Administrative Agent will update the Investor Classification Letter); or (iii) except as set forth in subsection (k) below with respect to Governmental Plan Investors, the Rating of the related entity Under Common Control
with such Non-Rated Included Investor falls below BBB-/Baa3;1 

(k) in the case of each Non-Rated Included Investor that is a Governmental Plan Investor, (A) the Rating of the related
governmental entity falls below BBB-/Baa3, or (B) the Rating of the related governmental entity is BBB-/Baa3 and the Funding Ratio for the Governmental Plan Investor is then less than ninety percent (90%), or (C) the Rating of the related
governmental entity is higher than BBB-/Baa3, but such Governmental Plan Investor shall fail to maintain a Funding Ratio of the lesser of at least (1) 80% or (2) 90% of its Funding Ratio as was reported on its most recent audited financial
statements which were available to Administrative Agent on or immediately prior to (x) the Closing Date, if it was an Included Investor (or was pre-approved as an Included Investor, pursuant to written agreement of Administrative Agent) on the
Closing Date; or (y) the date of its admission as an Investor (in the case not covered by clause (x) above);2 

 

	1 	In the event that the Ratings of the relevant Person are not equivalent, such Rating shall be based on the lowest of the Rating of such Person. If any Person has only one Rating, then that Rating shall apply.

	2 	In the event that the Ratings of the relevant Person are not equivalent, such Rating shall be based on the lowest of the Rating of such Person. If any Person has only one Rating, then that Rating shall apply.

  
 18 

 (l) in the case of all ERISA Investors, Borrower has determined that
participation of ERISA Investors in Borrower constitutes “significant” participation for purposes of Plan Assets Regulations and no exception applies; 

(m) there is a material breach or written repudiation by any Credit Provider of its obligations under its guaranty of the
obligations of its related Investor or other similar agreement; 
 (n) the Capital Commitment or Unfunded Commitment of such
Investor is cancelled, reduced, terminated or abated without the prior written consent being obtained in accordance with Section 10.06; provided, that only such portion of the Unfunded Commitment that is cancelled, reduced,
terminated or abated shall be subject to exclusion from the calculation of Eligible Included Unfunded Commitments; 
 (o) the
Capital Commitment of such Investor ceases to be Collateral, other than by reasons of actions or inaction of the Administrative Agent or Lenders; 

(p) such Investor appears on any list of “Specially Designated Nationals” or list of known or suspected terrorist
generated by OFAC; 
 (q) other than rights under the Operating Agreement permitting an Investor from opting out of
particular Investments, an Investor is excused from funding any portion of its Unfunded Commitments with respect to any Investment, provided that only such excused amount of its Unfunded Commitment will be excluded from the calculation of
Eligible Included Unfunded Commitments or Eligible Designated Unfunded Commitments, as applicable; or 
 (r) if an Investor
elects to participate in a Spin-Off, such Investor shall be a Defaulting Investor beginning on the date ten (10) Business Days prior to the effective date of such Spin-Off. 

“Facility Extension Request” means a notice in substantially the form of Exhibit J attached hereto
pursuant to which Borrower requests an extension of the Stated Maturity Date in accordance with Section 2.13. 

“Facility Increase Fee” means a fee as agreed by Borrower and Administrative Agent in a separate fee letter agreement.

 “Facility Increase Request” means a notice in substantially the form of Exhibit I attached
hereto pursuant to which Borrower requests an increase of the Commitments in accordance with Section 2.14. 

“FATCA” means Sections 1471 through 1474 of the Code, as of the date of this Credit Agreement (or
any amended or successor version that is substantively comparable) and any current or future regulations or official interpretations thereof, any agreements entered into pursuant to Section 1471(b)(1) of the Code and any fiscal or
regulatory legislation, rules or official practices adopted pursuant to any published intergovernmental agreement entered into in connection with the implementation of such Sections of the Code. 

  
 19 

 “Federal Funds Rate” means, for any day, the rate per annum (rounded
upward, if necessary, to the nearest 1/100th of 1%) equal to the weighted average of the rates on overnight Federal funds transactions with members of the Federal Reserve System arranged by
Federal funds brokers on such day, as published by the Federal Reserve Bank of New York on the Business Day next succeeding such day; provided that: (a) if such day is not a Business Day, the Federal Funds Rate for such day shall be
such rate on such transactions on the next preceding Business Day as so published on the next succeeding Business Day, and (b) if no such rate is so published on such next succeeding Business Day, the Federal Funds Rate for such day shall be
the average rate charged to Administrative Agent on such day on such transactions as determined by Administrative Agent. 

“Fitch” means Fitch Ratings, a wholly-owned subsidiary of Fimalac, S.A. 

“Floating LIBOR Rate” means, on any date the same is to be determined, the rate per annum equal to LIBOR or a
comparable or successor rate if LIBOR is no longer available, which rate is approved by the Administrative Agent, as published on the applicable Reuters screen page (or such other commercially available source providing such quotations as may be
designated by the Administrative Agent from time to time), for deposits in the relevant currency with a term of one month commencing that day. 

“Floating LIBOR Rate Loan” means a Loan that bears interest based on the Floating LIBOR Rate (as selected by Borrower
pursuant to Section 2.02). 
 “Foreign Recipient” means: (a) if the applicable Borrower
Party is a U.S. Person, a Recipient that is not a U.S. Person; and (b) if the applicable Borrower Party is not a U.S. Person, a Recipient that is resident or organized under the laws of a jurisdiction other than that in which
such Borrower Party is resident for tax purposes. For purposes of this definition, the United States, each State thereof and the District of Columbia shall be deemed to constitute a single jurisdiction. 

“Funding Agent” means each financial institution designated on Schedule 1.01A that acts as agent
for a Lender Group, or its successor appointed pursuant to Section 12. 
 “Funding Party” means
any Lender or Liquidity Provider. 
 “Funding Ratio” means: (a) for a Governmental Plan Investor, the
actuarial present value of the assets of the plan over the actuarial present value of the plan’s total benefit liabilities, as reported in such plan’s most recent audited financial statements; and (b) for an ERISA Investor;
(i) the fair market value of the plan’s assets as defined under Section 430(g)(3) of the Code, unreduced for any prefunding balance or funding standard carryover balance as defined and provided for in
Section 430(f) of the Code; over (ii) the plan’s funding target, as defined under Section 430(d) of the Code, without regard to the special at-risk rules of Section 430(i) of the Code,
with each value as reported on the most recently filed Schedule SB to the Form 5500 by such plan with the United States Department of Labor. 

“FX Reserve Amount” shall mean an amount equal to five percent (5.0%) of the Dollar Equivalent of outstanding
Loans denominated in Alternative Currencies. 
 “GAAP” means those generally accepted accounting principles and
practices as in effect from time to time that are recognized as such by the American Institute of Certified Public Accountants or by the Financial Accounting Standards Board or through other appropriate boards or committees thereof, and that are
consistently applied for all periods, after the date hereof, so as to properly reflect the financial position of Borrower, except that any accounting principle or practice required to be changed by the Financial Accounting Standards Board (or other
appropriate board or committee of the said Board) in order to continue as a generally accepted accounting principle or practice may be so changed. 

  
 20 

 “Governmental Authority” means the government of the United States or any
other nation, or of any political subdivision thereof, whether state or local and any agency, authority, instrumentality, regulatory body, court, central bank or other entity exercising executive, legislative, judicial, taxing, regulatory or
administrative powers or functions of or pertaining to government (including any supra national bodies such as the European Union or the European Central Bank). 

“Governmental Plan Investor” means an Investor that is a governmental plan as defined in Section 3(32) of
ERISA. 
 “Guaranteed Debt” is defined in Section 6.01. 

“Hazardous Material” means any substance, material, or waste which is or becomes regulated, under any Environmental
Law, as hazardous to public health or safety or to the environment, including, but not limited to: (a) any substance or material designated as a “hazardous substance” pursuant to Section 311 of the Clean Water
Act, as amended, 33 U.S.C. §1251 et seq., or listed pursuant to Section 307 of the Clean Water Act, as amended; (b) any substance or material defined as “hazardous waste” pursuant to
Section 1004 of the Resource Conservation and Recovery Act, as amended, 42 U.S.C. §6901 et seq.; (c) any substance or material defined as a “hazardous substance” pursuant to Section 101
of the Comprehensive Environmental Response, Compensation and Liability Act, as amended, 42 U.S.C. §9601 et seq.; or (d) petroleum, petroleum products and petroleum waste materials. 

“Impacted Loans” is defined in Section 4.03. 

“Included Investor” means an Investor: (a)(i) that has, or that has a Credit Provider that has, met the
Applicable Requirement for an Included Investor and that has been approved by Administrative Agent; or (ii) that has been so designated by Administrative Agent and all Committed Lenders (each in its sole discretion) as an Included Investor; and
(b) that has delivered to Administrative Agent the information and documents required under Section 7.01(a)(viii) or 10.05(d), as applicable; provided that (i) a Defaulting Investor shall no longer
be an Included Investor until such time as all Exclusion Events affecting such Investor have been cured to the satisfaction of the Administrative Agent and all of the Committed Lenders (not to be unreasonably withheld, conditioned or delayed); and
(ii) if an involuntary proceeding under clause (b) of the Exclusion Events is instituted against an Included Investor, such Defaulting Investor shall be automatically reinstated as an Included Investor if such Exclusion Event
is dismissed with sixty (60) days of the date such proceeding is instituted. 
 “Increasing Committed Lender”
is defined in Section 2.14(a). 
 “Indebtedness” means “indebtedness” as
contemplated in the Operating Agreement. 
 “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 any Borrower Party under any Loan Document; and (b) to the extent not otherwise described in clause (a), Other Taxes. 

“Indemnitee” is defined in Section 13.06(b). 

“Individual Concentration Limit” means the aggregate amount of Unfunded Commitment in excess of the concentration
limits set forth below, calculated for each Investor classification as a percentage of the aggregate Unfunded Commitments of all Included Investors and Designated Investors: 

  
 21 

					
	 Investor Classification
	  	Concentration Limit	 
	 Included Investors
	  	 	N/A	  
	 Designated Investors
	  	 	3.5	% 

 provided, that, for purposes of calculating the above Individual Concentration Limit for any
Investor, each Investor and its investing affiliates shall be treated as a single Investor. 
 “Information” is
defined in Section 13.18. 
 “Initial Notice” means a notice delivered by Borrower to the
Investors under Section 14.1.3 of the Operating Agreement with respect to the treatment of Borrower’s assets as Plan Assets. 

“Interest Option” means each of the Eurocurrency Rate and the Base Rate. 

“Interest Payment Date” means (a) at any time there is only one Lender Group party to this Credit Agreement,
(i) for Base Rate Loans, Floating LIBOR Rate Loans or CP Rate Loans, the last Business Day of each fiscal quarter and the Maturity Date and (ii) for Eurocurrency Rate Loans, the last Business Day of each Interest Period and the Maturity
Date, and (b) at any time there are two or more Lender Groups party to this Credit Agreement, (i) for Base Rate Loans and Floating LIBOR Rate Loans, the last Business Day of each fiscal quarter and the Maturity Date, (ii) for
Eurocurrency Rate Loans, the last Business Day of each Interest Period for such Eurocurrency Rate Loan and the Maturity Date, (iii) for CP Rate Loans while any Base Rate Loan or Floating LIBOR Rate Loans are outstanding, the last Business Day
of each fiscal quarter and the Maturity Date, and (iv) for CP Rate Loans while any Eurocurrency Rate Loans are outstanding, the last Business Day of each Interest Period for each Eurocurrency Rate Loan and the Maturity Date; provided, however,
that if any Interest Period for any Eurocurrency Rate Loan exceeds three months, each of the respective dates that fall every three months after the beginning of such Interest Period shall also be an Interest Payment Date (or, if such day is not a
Business Day, on the next succeeding Business Day). 
 “Interest Period” means (a) with respect to any CP Rate
Loan, (i) if the Related Commercial Paper is issued on a pool funded basis, a calendar month (or, in the case of the first Interest Period, the period from and including the date of the first advance hereunder to and including the last day of
the calendar month in which such date occurs) and (ii) if the Related Commercial Paper is issued on a match-funded basis, the period of time allocated by the applicable Funding Agent to such Loan in its reasonable discretion; and (b) with
respect to any Eurocurrency Rate Loan, a period commencing: (i) on the Borrowing date of such Eurocurrency Rate Loan; or (ii) on the termination date of the immediately preceding Interest Period in the case of a continuation of a
Eurocurrency Rate Loan to a successive Interest Period as described in Section 2.02, and ending one week (subject to availability from all Lenders), one month, two months, three months or (subject to availability from all Lenders)
six months thereafter, each as a Borrower Party shall elect in accordance with Section 2.02; provided, however, that with respect to clauses (a) and (b) above: (A) any
Interest Period that would otherwise end on a day that is not a Business Day shall be extended to the next succeeding Business Day unless such Business Day falls in another calendar month, in which case such Interest Period shall end on the next
preceding Business Day; (B) any Interest Period which begins on the last Business Day of a calendar month (or on a day for which there is no numerically corresponding day in the calendar month at the end of such Interest Period) shall, subject
to clause (A) above, end on the last Business Day of a calendar month; and (C) if the Interest Period would otherwise end after the Stated Maturity Date, such Interest Period shall end on the Stated Maturity Date. 

“Investment” means a “Portfolio Investment” as defined in the Operating Agreement. 

  
 22 

 “Investor” means a Member of Borrower. 

“Investor Classification Letter” means that certain letter agreement dated as of the date hereof by and among
Borrowers and Administrative Agent listing the Investors and their Capital Commitments and approving the Investors as Included Investors or Designated Investors or indicating they are neither Included Investors or Designated Investors, as it may be
amended, restated, modified or supplemented from time to time (including pursuant to Section 10.05(b)). For avoidance of doubt, the Investor Classification Letter may be updated from time to time by Administrative Agent and
Borrowers, including through delivery and acceptance of Compliance Certificate, Borrowing Base Certificate or borrowing base summaries prepared by Administrative Agent. 

“IRS” means the United States Internal Revenue Service. 

“Joinder Agreement” means a joinder agreement in the form of Exhibit L. 

“Key Person Event” means a “Key Person Event” as defined in the Operating Agreement. 

“KYC Compliance” is defined in Section 8.23. 

“Laws” means, collectively, all international, foreign, Federal, state and local statutes, treaties, rules,
guidelines, regulations, ordinances, codes and administrative or judicial precedents or authorities, including the interpretation or administration thereof by any Governmental Authority charged with the enforcement, interpretation or administration
thereof, and all applicable administrative orders, directed duties, requests, licenses, authorizations and permits of, and agreements with, any Governmental Authority, in each case whether or not having the force of law. 

“Lender Group” means each Lender Group identified by name on Schedule 1.01A to this Credit
Agreement (as such Schedule 1.01A may be amended, supplemented or otherwise modified and in effect), including the Funding Agent for such Lender Group and each Committed Lender and each Conduit Lender (if any) in such Lender
Group. 
 “Lender Group Joinder Agreement” means a joinder agreement, substantially the form of Exhibit
K attached hereto, pursuant to which a new Lender Group becomes party to this Credit Agreement. 
 “Lender Group
Limit” means, for each Lender Group, the sum of the Commitments of the Committed Lenders in such Lender Group. 

“Lender Group Percentage” means, with respect to any Lender Group, the percentage equivalent of a fraction the
numerator of which is the sum of the Commitments held by the Committed Lenders members of such Lender Group and the denominator of which is the sum of all Commitments. If the Commitments have terminated or expired, the Lender Group Percentages shall
be the percentage equivalent of a fraction the numerator of which is the aggregate Principal Obligation held by the Lenders members of such Lender Group and the denominator of which is the total Principal Obligation. 

“Lenders” means the Conduit Lenders and the Committed Lenders; provided, that each Lender must be a Qualified
Purchaser. 
 “Lending Office” means, as to any Lender, the office or offices of such Lender (or an affiliate of
such Lender) described as such in such Lender’s administrative questionnaire delivered to Administrative Agent, or such other office or offices as a Lender may from time to time notify Borrower and Administrative Agent. 

  
 23 

 “LIBOR” is defined in the definition of Eurocurrency Rate. 

“LIBOR Rate” means the Eurocurrency Rate or the Floating LIBOR Rate. 

“Lien” means any lien, mortgage, security interest, tax lien, pledge, encumbrance, or conditional sale or title
retention arrangement, or any other interest in property designed to secure the repayment of Indebtedness, whether arising by agreement or under common law, any statute or other law, contract, or otherwise. 

“Liquidity Agreement” means, with respect to a Conduit Lender, any agreement entered into by such Conduit
Lender’s Liquidity Provider providing for (i) the issuance of one or more letters of credit for the account of such Conduit Lender (or its Related Commercial Paper Issuer), (ii) the issuance of one or more surety bonds for drawings
under which such Conduit Lender (or its Related Commercial Paper Issuer) is obligated to reimburse such Liquidity Provider, (iii) the sale by such Conduit Lender (or its Related Commercial Paper Issuer) to such Liquidity Provider of its
interests hereunder (or portions thereof or participations therein) or (iv) the making of loans or other extensions of credit to such Conduit Lender (or its Related Commercial Paper Issuer) in connection with Related Commercial Paper, together
with any letter of credit, surety bond or other instrument issued thereunder. 
 “Liquidity Event” means, with
respect to a Conduit Lender, the occurrence of any one or more of the following events: (a) the inability of such Conduit Lender to fund any Loan by issuing, directly or indirectly, Commercial Paper, either at a commercially reasonable
rate or rates or otherwise, as a result of any materially adverse circumstances or conditions in the domestic or foreign capital markets generally or Commercial Paper markets in particular, any outbreak or escalation or war or other hostilities or
any other national or international calamity or crisis the effect of which, in the sole and absolute determination of its Administrator made in good faith, is to cause such a disruption as to make it impracticable to sell or enforce contracts for
the sale of its Commercial Paper; (b) unless its Administrator elects otherwise, the date of termination of the commitment of any Liquidity Provider to such Conduit Lender under a Liquidity Agreement; (c) the Commercial Paper of such
Conduit Lender shall not be rated at least “A-2” by S&P and at least “P-2” by Moody’s; or (d) the later of (i) the date its Administrator ceases to be the Administrator
for such Conduit Lender and neither the Administrator nor any of its affiliates shall administer any other asset-backed commercial paper conduit, and (ii) the 90th day following the date its Administrator shall have publicly announced or
otherwise notified the Borrower that, at such time as is specified in the related notice or announcement, it shall cease to be the Administrator for such Conduit Lender and neither such Administrator nor any of its Affiliates shall administer any
other asset-backed commercial paper conduit. 
 “Liquidity Provider” means, with respect to a Conduit Lender, such
Conduit Lender’s Funding Agent, a Committed Lender in such Conduit Lender’s Lender Group, or such other Person as is consented to in writing by the Administrative Agent and the Borrower (such consent not to be unreasonably withheld) which
shall, pursuant to a Liquidity Agreement, now or hereafter extend credit or commit to extend credit to or for the account of, or to make purchases from, such Conduit Lender or its Related Commercial Paper Issuer or issue a letter of credit, surety
bond or other instrument, in each case to support any obligations arising under or in connection with such Conduit Lender’s (or such Related Commercial Paper Issuer’s) commercial paper program. 

“Loan” means a Loan made pursuant to Section 2.02, including, without limitation, any Base Rate
Loan, Eurocurrency Rate Loan, Floating LIBOR Rate Loan or CP Rate Loan made pursuant thereto. 

  
 24 

 “Loan Date” is defined in Section 2.02(a). 

“Loan Documents” means this Credit Agreement, the Notes (including any renewals, extensions, re-issuances and
refundings thereof), each of the Collateral Documents, each Joinder Agreement and each Assignment and Assumption Agreement, and such other agreements and documents (including any fee letters), and any amendments or supplements thereto or
modifications thereof, executed or delivered pursuant to the terms of this Credit Agreement or any of the other Loan Documents and any additional documents delivered in connection with any such amendment, supplement or modification. 

“Loan Notice” means any request for a Borrowing, conversion or continuation of a Loan substantially in the form of
Exhibit C attached hereto, containing the information specified therein, executed and delivered by the applicable Borrower Parties. 

“London Business Day” means any such day on which dealings in Dollar deposits are conducted by and between banks in
the London interbank Eurocurrency market. 
 “Mandatory Cost” means, with respect to any period, the percentage rate
per annum determined in accordance with Schedule 1.01B. 
 “Mandatory Prepayment Event” is
defined in Section 3.04. 
 “Margin Stock” is defined in Regulation U. 

“Material Adverse Effect” means: (a) a material adverse effect upon, the operations, business, assets or
financial condition of Borrower and its Subsidiaries taken as a whole; (b) a material impairment of the ability of any Borrower Party to perform its obligations under any Loan Document to which it is a party; or (c) a material adverse
effect upon the legality, validity, binding effect or enforceability against any Borrower Party of any Loan Document to which it is a party. 

“Material Amendment” is defined in Section 10.04. 

“Maturity Date” means the earliest of: (a) the Stated Maturity Date; (b) the date upon which
Administrative Agent declares the Obligations, or the Obligations become, due and payable after the occurrence of an Event of Default in accordance with the term of this Credit Agreement; or (c) the date upon which Borrower terminates the
Commitments pursuant to Section 3.06 or otherwise. 
 “Maximum Accordion Amount” means
$750,000,000. 
 “Maximum Commitment” means, at any time the same is to be determined, an amount equal to the Dollar
Equivalent of the aggregate Commitments of the Committed Lenders, as such amount may be increased pursuant to Section 2.14 or reduced by Borrower pursuant to Section 3.06. 

“Maximum Rate” means, on any day, the highest rate of interest (if any) permitted by applicable law on such day. 

“Member” shall mean “Member” as defined in the Operating Agreement. 

“Membership Interest” of any Investor means the units of such Investor in Borrower under the Operating Agreement. 

“Moody’s” means Moody’s Investors Service, Inc. and any successor thereto. 

  
 25 

 “Multiemployer Plan” means any employee benefit plan of the type
described in Section 4001(a)(3) of ERISA, to which any Borrower Party or any ERISA Affiliate makes or is obligated to make contributions, or during the preceding six plan years, has made or been obligated to make contributions. 

“Multiple Employer Plan” means any employee benefit plan which has two or more contributing sponsors (including any
Borrower Party or any ERISA Affiliate) at least two of whom are not under common control, as such a plan is described in Section 4064 of ERISA. 

“Natixis” is defined in the preamble to this Credit Agreement. 

“No Plan Asset Certificate” means a certificate from a Borrower Party, delivered by the relevant Responsible Officer
of such Borrower Party, based on consultation with its counsel and in a form reasonably acceptable to Administrative Agent, (a) certifying that throughout the period beginning from the date of the prior No Plan Asset Certificate or the date of
the Credit Agreement, as applicable, and continuing through the date of the subject No Plan Asset Certificate, “benefit plan investors” (as defined in Section 3(42) of ERISA) hold less than 25% of the total value of
each class of equity interest in the Borrower Party (calculated in accordance with Section 3(42) of ERISA) and, accordingly, the underlying assets of such Borrower Party have not and do not constitute Plan Assets; and
(b) covenanting that at all times following the date of such certificate, less than 25% of the total value of each class of equity interest in such Borrower Party (calculated in accordance with Section 3(42) of ERISA) will
continue to be held by “benefit plan investors” (as defined in Section 3(42) of the ERISA) until such time, if any, that such Borrower Party delivers to Administrative Agent an Operating Company Opinion. 

“Non-Rated Included Investor” means any Investor that does not have a Rating meeting the relevant minimum requirement
included in the definition of “Applicable Requirement” (or that does not have a Credit Provider, Sponsor, or Responsible Party that has such a Rating) and is otherwise deemed to be an Included Investor in accordance with such defined term.

 “Non-Defaulting Lender” means any Committed Lender that is not a Defaulting Lender. 

“Notes” means the promissory notes provided for in Section 3.01(b), and all promissory notes
delivered in substitution or exchange therefor, as such notes may be amended, restated, reissued, extended or modified; and “Note” means any one of the Notes. 

“Obligations” means all present and future indebtedness, obligations, and liabilities of any Borrower Party to any of
the Secured Parties (including, without limitation, the Guaranteed Debt), and all renewals and extensions thereof, or any part thereof (including, without limitation, Loans), arising pursuant to this Credit Agreement (including, without limitation,
the indemnity provisions hereof) or represented by the Notes, and all interest accruing thereon, and payable in accordance with terms hereof, regardless of whether such indebtedness, obligations, and liabilities are direct, indirect, fixed,
contingent, joint, several, or joint and several; together with all indebtedness, obligations, and liabilities of any Borrower Party to any of the Secured Parties evidenced or arising pursuant to any of the other Loan Documents, and all renewals and
extensions thereof, or any part thereof. 
 “OFAC” means the Office of Foreign Assets Control of the United States
Department of the Treasury. 
 “Operating Agreement” means that certain Second Amended and Restated Limited
Liability Company Agreement of Borrower dated as of September 19, 2014, including, without limitation, any Side Letters, as it may have been or may be amended, restated or supplemented from time to time. 

  
 26 

 “Operating Company” means an “operating company” within
the meaning of Section 2510.3-101(c) of the Plan Assets Regulation. 

“Operating Company Certificate” means a certificate from a Borrower Party, delivered by the relevant Responsible
Officer of such Borrower Party, in a form reasonably acceptable to Administrative Agent, certifying that, based upon consultation with counsel, such Borrower Party has met the requirements to be an Operating Company for the twelve-month period
following the end of the Annual Valuation Period for such Borrower Party. 
 “Operating Company Opinion” means a
written opinion of counsel to the Borrower Parties, in a form reasonably acceptable to Administrative Agent, as to qualification of each Borrower Party, as applicable, as an Operating Company. 

“Original Credit Agreement” is defined in the recitals hereto. 

“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). 
 “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 4.06). 
 “Overnight Rate” means for any day: (a) with respect to any amount
denominated in Dollars, the greater of: (i) the Federal Funds Rate and (ii) an overnight rate determined by Administrative Agent in accordance with banking industry rules on interbank compensation, and (b) with respect to any amount
denominated in an Alternative Currency, the rate of interest per annum at which overnight deposits in the applicable Alternative Currency, in an amount approximately equal to the amount with respect to which such rate is being determined, would be
offered for such day by a branch or Affiliate of Natixis in the applicable offshore interbank market for such currency to major banks in such interbank market. 

“Participant” is defined in Section 13.11(f). 

“Participant Register” is defined in Section 13.11(f). 

“Participating Member State” means any member state of the European Union that has the Euro as its lawful currency in
accordance with legislation of the European Union relating to Economic and Monetary Union. 
 “Patriot Act” is
defined in Section 13.19. 
 “Pending Capital Call” means any Capital Call that has been made
upon the Investors and that has not yet been funded by the applicable Investor, but with respect to which such Investor is not in default. 

“Pension Plan” means any employee pension benefit plan (including a Multiple Employer Plan or a Multiemployer Plan)
that is maintained or is contributed to by any Borrower Party or any ERISA Affiliate and is either covered by Title IV of ERISA or is subject to the minimum funding standards under Section 412 of the Code. 

  
 27 

 “Permitted Liens” means: 

(i) Liens created pursuant to any Loan Document; 

(ii) carriers’, warehousemen’s, landlord’s, mechanics’, materialmen’s, repairmen’s, suppliers’ or other like
Liens imposed by law, arising in the ordinary course of business and securing obligations that are not overdue for a period of more than thirty (30) days or that are being contested in good faith; 

(iii) Liens in favor of a banking institution arising as a matter of law encumbering deposits (including the right of set-off) and which are
within the general parameters customary in the banking industry; and 
 (iv) Liens for claims that are not yet due with respect to Taxes,
assessments or charges of any Governmental Authority or otherwise arising as a matter of Law for which adequate reserves or other appropriate provisions are being maintained in accordance with GAAP. 

“Person” means an individual, sole proprietorship, joint venture, association, trust, estate, business trust,
corporation, non-profit corporation, partnership, limited liability company, sovereign government or agency, instrumentality, or political subdivision thereof, or any similar entity or organization. 

“Plan” means any Pension Plan or any retirement medical plan, each as established or maintained for employees of any
Borrower Party or any ERISA Affiliate, or any such Plan to which any Borrower Party or any ERISA Affiliate is required to contribute on behalf of any of its employees. 

“Plan Assets” means “plan assets” within the meaning of the Plan Assets Regulation or otherwise. 

“Plan Assets Regulation” means 29 C.F.R. §2510.3-101, et seq., as modified by
Section 3(42) of ERISA. 
 “Prime Rate” means, on any day, the rate of interest in effect for such
day as publicly announced from time to time by Natixis as its “prime rate.” The “prime rate” is a rate set by Natixis based upon various factors including Natixis’ costs and desired return, general economic conditions and
other factors, and is used as a reference point for pricing some loans, which may be priced at, above, or below such announced rate. Any change in such rate announced by Natixis shall take effect at the opening of business on the day specified in
the public announcement of such change. 
 “Principal Obligation” means the Dollar Equivalent amount of the
aggregate outstanding principal amount of the Loans. 
 “Property” means any real property, improvements thereon and
any leasehold or similar interest in real property which is owned, directly or indirectly, by any Borrower Party, or secures any investment of any Borrower Party. 

“Qualified Borrower” means any entity, which entity may be organized in the United States or outside of the United
States, in which Borrower owns a direct or indirect ownership interest or through 

  
 28 

 
which Borrower will acquire an investment, the indebtedness of which entity can be guaranteed by Borrower pursuant to the terms of the Operating Agreement, and which entity has executed and
delivered this Credit Agreement on the Closing Date or a Joinder Agreement and in respect of which entity Borrower has guaranteed the Obligations thereof pursuant to Section 6. 

“Qualified Purchaser” means a “qualified purchaser” within the meaning of
Section 2(a)(51) of the Investment Company Act of 1940 and the rules and regulations promulgated thereunder, as amended to the date hereof and from time to time hereafter, and any successor Investment Company Act. 

“Rated Included Investor” means any Investor that has a Rating meeting the relevant minimum requirement included in
the definition of “Applicable Requirement” (or that has a Credit Provider, Sponsor, or Responsible Party that has such a Rating). 

“Rating” means, for any Person, its senior unsecured debt rating (or equivalent thereof, such as, but not limited to,
a corporate credit rating, issuer rating/insurance financial strength rating (for an insurance company), general obligation rating (for a governmental entity), or revenue bond rating (for an educational institution)) from either of S&P or
Moody’s. 
 “Rating Agencies” means S&P, Moody’s, or any other nationally-recognized statistical
rating agency which has been approved by the Administrative Agent. 
 “Recipient” means Administrative Agent, any
Lender, any Agent, any Liquidity Provider, or any other recipient of any payment to be made by or on account of any obligation of any Borrower Party hereunder. 

“Register” is defined in Section 13.11(e). 

“Regulation U” means Regulation U of the Board of Governors of the Federal Reserve System, from time to time in
effect, and shall include any successor or other regulation relating to reserve or margin requirements, applicable to member banks of the Federal Reserve System. 

“Related Commercial Paper” means, with respect to a Conduit Lender, at any time of determination, Commercial Paper of
such Conduit Lender or its Related Commercial Paper Issuer the proceeds of which are then allocated by the administrator of such Conduit Lender or its Related Commercial Paper Issuer as the source of funding the acquisition or maintenance of such
Conduit Lender’s Principal Obligation hereunder. 
 “Related Commercial Paper Issuer” means a multi-seller
commercial paper conduit that issues Commercial Paper the proceeds of which are loaned to a Conduit Lender as the source of funding the acquisition or maintenance of its Principal Obligation hereunder. 

“Related Parties” means, with respect to any Person, such Person’s Affiliates and the partners, directors,
officers, employees, agents and advisors of such Person and of such Person’s Affiliates. 
 “Release” means any
release, spill, emission, leaking, pumping, injection, deposit, disposal, discharge, dispersal, leaching, or migration of Hazardous Materials into the environment, or into or out of any Property, including the movement of any Hazardous Material
through or in the air, soil, surface water, groundwater, of any Property. 
 “Removal Effective Date” is defined in
Section 12.06(b). 

  
 29 

 “Repayment Percentage” means, with respect to any Lender, (a) with
respect to any Borrowing, the percentage equivalent of a fraction the numerator of which is such Lender’s applicable Principal Obligation of such Borrowing and the denominator of which is the aggregate Principal Obligation of such Borrowing;
and (b) with respect to any other Obligation, the percentage equivalent of a fraction the numerator of which is such Lender’s Principal Obligation and the denominator of which is the aggregate Principal Obligation. 

“Required Lenders” means, at any time, (a) Committed Lenders having Principal Obligations and unused Commitments
representing more than 50% of the sum of (i) the total Principal Obligations then outstanding and (ii) the aggregate unused Commitments at such time, provided that in determining such percentage at any given time, all then existing
Defaulting Lenders will be disregarded and excluded and the pro rata shares of the aggregate Principal Obligation and unused Commitments of Lenders shall be redetermined for voting purposes only, to exclude the pro rata shares of the aggregate
Principal Obligation and unused Commitments of such Defaulting Lenders, and (b) at all times when two or more Committed Lenders (other than Defaulting Lenders) are party to this Credit Agreement, the term “Required
Lenders” shall in no event mean fewer than two Committed Lenders. 
 “Responsible Officer”
means: (a) in the case of a corporation, its chief executive officer, president, chief financial officer, senior vice president, any vice president or treasurer, and, in any case where two Responsible Officers are acting on behalf of such
corporation, the second such Responsible Officer may be a secretary or assistant secretary; (b) in the case of a limited partnership, the Responsible Officer of the general partner, acting on behalf of such general partner in its capacity as
general partner; (c) in the case of a limited liability company, the Responsible Officer of the managing member, acting on behalf of such managing member in its capacity as managing member; and (d) and, solely for purposes of notices given
pursuant to Section 3, any other officer or employee of the applicable Borrower Party so designated by any of the foregoing officers in a notice to the Administrative Agent. 

“Responsible Party” means, for any Governmental Plan Investor: (a) if the state or political subdivision
under which the Governmental Plan Investor operates is obligated to fund the Governmental Plan Investor and is liable to fund any shortfalls, the state or political subdivision as applicable; and (b) otherwise, the Governmental Plan Investor
itself. 
 “Returned Capital” means, for any Investor, any part of any Capital Contribution that is redistributed to
such Investor and is, in accordance with the terms of the Operating Agreement, added back to such Investor’s Unfunded Commitment; in each case which amount has been set forth as “Returned Capital” on a certificate of Borrower
delivered to Administrative Agent. 
 “Revaluation Date” means, with respect to any Loan, each of the following:
(a) each date of a Borrowing of such Loan denominated in an Alternative Currency, and (b) each date of a continuation of such Loan denominated in an Alternative Currency, and (c) such additional dates as the Administrative Agent shall
reasonably determine or the Required Lenders shall reasonably require. 
 “RIC” means a person qualifying for
treatment as a “regulated investment company” under the Code. 
 “S&P” means
Standard & Poor’s Rating Services, a division of the McGraw & Hill Companies, Inc. and any successor thereto. 

“Same Day Funds” means: (a) with respect to disbursements and payments in Dollars, immediately available funds,
and (b) with respect to disbursements and payments in an Alternative Currency, same day or other funds as may be determined by the Administrative Agent to be customary in the place of disbursement or payment for the settlement of international
banking transactions in the relevant Alternative Currency. 

  
 30 

 “Sanction(s)” means any applicable international economic sanction
administered or enforced by a United States Governmental Authority (including, without limitation, OFAC), the United Nations Security Council, the European Union, Her Majesty’s Treasury or other sanctions authority applicable to Borrower. 

“Sanctioned Person” means (a) a Person named on the list of “Specially Designated Nationals and Blocked
Persons” maintained by OFAC available at http://www.treasury.gov/resource-center/sanctions/SDN-List/Pages/default.aspx, or as otherwise published from time to time, or (b)(i) the government of a Designated Jurisdiction or an agency of the
government of a Designated Jurisdiction, (ii) an organization controlled by a Designated Jurisdiction or organized under the laws of a Designated Jurisdiction, or (iii) an individual ordinarily resident in a Designated Jurisdiction. 

“Secured Parties” means, collectively, the Lenders, Agents, Liquidity Providers and Indemnitees. 

“Security Agreement” means a security agreement substantially in the form of Exhibit D attached
hereto, executed and delivered by Borrower to Administrative Agent for the benefit of Secured Parties, as such agreement may be amended, modified, supplemented and/or restated from time to time. For the avoidance of doubt, the Existing Security
Agreement is a “Security Agreement” hereunder. 
 “Side Letter” means any “side letter” (if any)
between an Investor and Borrower. 
 “SOX” means Section 402 of the Sarbanes-Oxley Act of 2002 (codified
as Section 13(k) of the Securities Exchange Act of 1934, as amended). 
 “SOX Insiders” means the
employees (or any of their spouses) of The TCW Group, Inc., the Borrower, the Investment Advisor or any Affiliate thereof, in each case who, in the reasonable opinion of Borrower, constitute “insiders” for purposes of SOX from time to
time. 
 “Spin-Off” has the meaning assigned to it in the Operating Agreement. 

“Spin-Off Notice” is defined in Section 9.01(e). 

“Sponsor” of an ERISA Investor means a sponsor as that term is understood under ERISA, specifically, the entity that
established the plan and is responsible for the maintenance of the plan and, in the case of a plan that has a sponsor and participating employers, the entity that has the ability to amend or terminate the plan. 

“Spot Rate” for a currency means the rate determined by the Administrative Agent to be the rate quoted by the Person
acting in such capacity as the spot rate for the purchase by such Person of such currency with another currency through its principal foreign exchange trading office at approximately 11:00 a.m. on the date two (2) Business Days prior to
the date as of which the foreign exchange computation is made; provided that the Administrative Agent may obtain such spot rate from another financial institution designated by the Administrative Agent if the Person acting in such capacity
does not have as of the date of determination a spot buying rate for any such currency. 
 “Stated Maturity Date”
means November 12, 2017, as it may be extended pursuant to Section 2.13. 

  
 31 

 “Sterling” and “£” mean the lawful currency
of the United Kingdom. 
 “Subscription Agreement” means a Subscription Agreement executed by an Investor in
connection with the subscription for a Membership Interest in Borrower. 
 “Subsequent Investor” is defined in
Section 10.05(d). 
 “Subsidiary” of a Person means a corporation, partnership, joint venture,
limited liability company or other business entity of which a majority of the shares of securities or other interests having ordinary voting power for the election of directors or other governing body (other than securities or interests having such
power only by reason of the happening of a contingency) are at the time beneficially owned, or the management of which is otherwise controlled, directly, or indirectly through one or more intermediaries, or both, by such Person. Unless otherwise
specified, all references herein to a “Subsidiary” or to “Subsidiaries” shall refer to a Subsidiary or Subsidiaries of Borrower. 

“TARGET2” means the Trans-European Automated Real-time Gross Settlement Express Transfer payment system which utilizes
a single shared platform and which was launched on November 19, 2007. 
 “TARGET Day” means any day on which
TARGET2 (or, if such payment system ceases to be operative, such other payment system, if any, determined by Administrative Agent to be a suitable replacement) is open for the settlement of payments in Euro. 

“Taxes” means all present or future taxes, including, without limitation, stamp taxes (including mortgage recording
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. 

“Trade Date” has the meaning set forth in Section 13.11(b)(i)(B). 

“Transactions” means the execution, delivery and performance by the Borrower Parties of this Credit Agreement and the
other Loan Documents, the Borrowing of Loans and the use of the proceeds thereof. 
 “Type of Loan” means a Base
Rate Loan, Eurocurrency Rate Loan, Floating LIBOR Rate Loan or CP Rate Loan, as applicable. 
 “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 4.01(e)(ii)(B)(3). 

“UCC” means the Uniform Commercial Code as adopted in the State of New York and any other state, which governs
creation or perfection (and the effect thereof) of security interests in any collateral for the Obligations. 
 “Unfunded
Commitment” means, with respect to any Investor at any time, the Capital Commitment of such Investor, minus the aggregate Capital Contributions made, or deemed made under the Operating Agreement to Borrower by such Investor,
plus Returned Capital attributed to such Investor, but “Unfunded Commitment” shall not include that portion of an Investor’s Capital Commitment that is, at such time, subject to a Pending Capital Call. 

  
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 “Unused Commitment” has the meaning specified in
Section 2.09. 
 “Withholding Agent” means any Borrower Party and the Administrative Agent. 

1.02 Other Definitional Provisions. 

(a) All terms defined in this Credit Agreement shall have the above-defined meanings when used in the Notes or any other Loan
Documents or any certificate, report or other document made or delivered pursuant to this Credit Agreement, unless otherwise defined in such other document. 

(b) Defined terms used in the singular shall import the plural and vice versa. 

(c) The words “hereof,” “herein,” “hereunder,” and similar terms when used
in this Credit Agreement shall refer to this Credit Agreement as a whole and not to any particular provisions of this Credit Agreement. 

(d) Article, Section, Exhibit and Schedule references are to the Loan Document in which such reference appears. 

(e) The term “including” is by way of example and not limitation. 

(f) The term “documents” includes any and all instruments, documents, agreements, certificates, notices,
reports, financial statements and other writings, however evidenced, whether in physical or electronic form. 
 (g) In the
computation of periods of time from a specified date to a later specified date, the word “from” means “from and including;” the words “to” and “until” each mean “to but
excluding;” and the word “through” means “to and including.” 
 (h) Section headings
herein and in the other Loan Documents are included for convenience of reference only and shall not affect the interpretation of this Credit Agreement or any other Loan Document. 

1.03 Times of Day; Rates. Unless otherwise specified in the Loan Documents, time references are to time in New York, New York. 

1.04 Accounting Terms. All accounting terms not specifically or completely defined herein shall be construed in conformity with, and
all financial data (including financial ratios and other financial calculations) required to be submitted pursuant to this Credit Agreement shall be prepared in conformity with, GAAP applied on a consistent basis, as in effect from time to time,
applied in a manner consistent with that used in preparing the audited financial statements of Borrower, except as otherwise specifically prescribed herein. Notwithstanding the foregoing, for purposes of determining compliance with any covenant
(including the computation of any financial covenant) contained herein, Indebtedness of Borrower and its Subsidiaries shall be deemed to be carried at 100% of the outstanding principal amount thereof, and the effects of FASB ASC 825 on financial
liabilities shall be disregarded. 
 1.05 Exchange Rates; Currency Equivalents. 

(a) The Administrative Agent shall determine the Spot Rates as of each Revaluation Date to be used for calculating Dollar
Equivalent amounts of Credit Extensions and Principal 

  
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Obligations denominated in Alternative Currencies. Such Spot Rates shall become effective as of such Revaluation Date and shall be the Spot Rates employed in converting any amounts between the
applicable currencies until the next Revaluation Date to occur. Except for purposes of financial statements delivered by Borrower Parties hereunder or calculating financial covenants hereunder or except as otherwise provided herein, the applicable
amount of any currency (other than Dollars) for purposes of the Loan Documents shall be such Dollar Equivalent amount as so determined by the Administrative Agent. 

(b) Wherever in this Credit Agreement in connection with a Borrowing, conversion, continuation or prepayment of a Eurocurrency
Rate Loan, such as a required minimum or multiple amount, is expressed in Dollars, but such Borrowing or Eurocurrency Rate Loan is denominated in an Alternative Currency, such amount shall be the relevant Alternative Currency Equivalent of such
Dollar amount (rounded to the nearest unit of such Alternative Currency, with 0.5 of a unit being rounded upward), as determined by the Administrative Agent. 

(c) Administrative Agent does not warrant, nor accept responsibility for, nor shall Administrative Agent have any liability
with respect to the administration, submission or any other matter related to the rates in the definition of “Eurocurrency Rate” herein or with respect to any comparable or successor rate thereto. 

1.06 Additional Alternative Currencies. 

(a) A Borrower Party may from time to time request that Loans (other than Base Rate Loans) be made in a currency other than
those specifically listed in the definition of “Alternative Currency” herein, provided that such requested currency is a lawful currency (other than Dollars) that is readily available and freely transferable and
convertible into Dollars. In the case of any such request with respect to the making of Loans (other than Base Rate Loans), such request shall be subject to the approval of the Administrative Agent and the Committed Lenders. 

(b) Any such request shall be made to Administrative Agent not later than 11:00 a.m., fifteen (15) Business Days
prior to the date of the desired Credit Extension (or such other time or date as may be agreed by Administrative Agent). In the case of any such request pertaining to Loans (other than Base Rate Loans), Administrative Agent shall promptly notify
each Funding Agent thereof (which shall promptly notify the Committed Lenders in its Lender Group). In the case of any such request, each Funding Agent shall notify Administrative Agent, not later than 11:00 a.m., ten (10) Business Days
after receipt of such request whether it consents, in its sole discretion, to the making of Loans (other than Base Rate Loans) in such requested currency. 

(c) Any failure by a Funding Agent to respond to such request within the time period specified in the preceding sentence shall
be deemed to be a refusal by the applicable Lender Group to permit Loans to be made in such requested currency. If Administrative Agent and the applicable Funding Agent consent to making Loans (other than Base Rate Loans) in such requested currency,
Administrative Agent shall so notify Borrower and such currency shall thereupon be deemed for all purposes to be an Alternative Currency hereunder for purposes of any Borrowings of Loans (other than Base Rate Loans). If Administrative Agent shall
fail to obtain consent to any request for an additional currency under this Section 1.06, Administrative Agent shall promptly so notify Borrower. 

  
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 1.07 Change of Currency. 

(a) Each obligation of Borrower Parties to make a payment denominated in the national currency unit of any member state of the
European Union that adopts the Euro as its lawful currency after the date hereof shall be redenominated into Euro at the time of such adoption. If, in relation to the currency of any such member state, the basis of accrual of interest expressed in
this Credit Agreement in respect of that currency shall be inconsistent with any convention or practice in the London interbank market for the basis of accrual of interest in respect of the Euro, such expressed basis shall be replaced by such
convention or practice with effect from the date on which such member state adopts the Euro as its lawful currency; provided that if any Borrowing in the currency of such member state is outstanding immediately prior to such date, such
replacement shall take effect, with respect to such Borrowing, at the end of the then current Interest Period. 
 (b) Each
provision of this Credit Agreement relating to Alternative Currencies shall be subject to such reasonable changes of construction as Administrative Agent may from time to time specify in consultation with the Borrower Parties to be appropriate to
reflect (i) the adoption of the Euro by any member state of the European Union and any relevant market conventions or practices relating to the Euro, and (ii) a change in currency of any other country and any relevant market conventions or
practices relating to the change in currency. 
  

	2.	LOANS. 

 2.01 Revolving Credit Commitment. Subject to the terms and conditions
herein set forth, each Committed Lender severally agrees, on any Business Day during the Availability Period, to make Loans to the Borrower Parties, in Dollars or in one or more Alternative Currencies, on a several basis, at any time and from time
to time in an aggregate principal amount up to such Committed Lender’s Commitment at any such time; provided, however, that after making any such Loans: (a) such Committed Lender’s Principal Obligation would not
exceed such Committed Lender’s Commitment as of such date; (b) the Principal Obligation of such Committed Lender’s Lender Group would not exceed the aggregate applicable Lender Group Limit of such Lender Group; and (c) the
Principal Obligation would not exceed the Available Commitment. Subject to the foregoing limitation, the conditions set forth in Section 7 and the other terms and conditions hereof, the Borrower Parties may borrow, repay without
penalty or premium (subject to Section 4.05), and re-borrow hereunder, during the Availability Period. Each Borrowing pursuant to this Section 2.01 shall be funded ratably by each Lender Group in accordance with
its Applicable Percentage and, if applicable, by a Committed Lender in a particular Lender Group in accordance with such Committed Lender’s Applicable Percentage. No Lender shall be obligated to fund any Loan if the interest rate applicable
thereto hereunder would exceed the Maximum Rate in effect with respect to such Loan. 
 2.02 Borrowing Procedures. 

(a) Request for Borrowing. Each Borrowing, each conversion of Eurocurrency Rate Loans, Floating LIBOR Rate Loans or Base
Rate Loans from one Type of Loan to another, and each continuation of Eurocurrency Rate Loans shall be made upon the applicable Borrower Party’s irrevocable notice to Administrative Agent, which may be given by telephone. Unless otherwise
agreed by Administrative Agent, each such notice must be received by Administrative Agent not later than 11:00 a.m. at least: (i) three (3) Business Days prior to the requested date of any Borrowing other than for a Base Rate
Loan; (ii) three (3) Business Days prior to the conversion of Base Rate Loans to another Type of Loan, the conversion of Eurocurrency Rate Loans (or Floating LIBOR Rate Loan) to another Type of Loan or the continuation of

  
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Eurocurrency Rate Loans; (iii) five (5) Business Days prior to the requested date of any Borrowing of, conversion to or continuation of Loans denominated in Alternative Currencies; and
(iv) one (1) Business Day prior to the requested date of any Borrowing of Base Rate Loans. Each telephonic notice by a Borrower Party pursuant to this Section 2.02(a) must be confirmed promptly by delivery to
Administrative Agent of a written Loan Notice, appropriately completed and signed by a Responsible Officer of such Borrower Party (and each Loan Notice submitted by a Qualified Borrower must be countersigned by a Responsible Officer of Borrower).
Each Loan Notice (whether telephonic or written) shall specify: (A) whether the Borrower Party is requesting a Borrowing, a conversion of a Eurocurrency Rate Loan, a Floating LIBOR Rate Loan or Base Rate Loan to another Type of Loan, or a
continuation of Eurocurrency Rate Loans; (B) the requested date of the Borrowing, conversion or continuation, as the case may be (which shall be a Business Day, the “Loan Date”); (C) the principal amount of Loans to
be borrowed, converted or continued; (D) if any portion of such Borrowing is not to be funded by a Conduit Lender through the issuance of Commercial Paper, whether such portion of such Borrowing is to be funded instead as a Base Rate Loan or a
Eurocurrency Rate Loan (it being understood that if any Conduit Lender elects to fund any portion of a Loan through its Liquidity Provider, such Conduit Lender’s Funding Agent shall determine whether such portion shall bear interest based on
the Eurocurrency Rate or the Base Rate for the period prior to the time such portion of such Loan is funded through the issuance of Commercial Paper); (E) the Type of Loans to which any existing Eurocurrency Rate Loans, Floating LIBOR Rate
Loans or Base Rate Loans are to be converted; (F) with respect to a Eurocurrency Rate Loan, the duration of the Interest Period with respect thereto; (G) to which account the proceeds of such Borrowing, conversion or continuation should be
directed; and (H) the currency of the Loans to be borrowed. If a Borrower Party fails to specify a currency in a Loan Notice requesting a Borrowing, then the Loans so requested shall be made in Dollars. If a Borrower Party fails to specify a
Type of Loan in a Loan Notice or if a Borrower Party fails to give a timely notice requesting a conversion or continuation with respect to a Eurocurrency Rate Loan or Base Rate Loan, then the applicable Loans shall be made as, or converted to, Base
Rate Loans; provided, however, that in the case of a failure to timely request a continuation of Loans denominated in an Alternative Currency, such Loans shall be continued as Eurocurrency Rate Loans in their original currency with an
Interest Period of one month. Any such automatic conversion to Base Rate Loans shall be effective as of the last day of the Interest Period then in effect with respect to the applicable Eurocurrency Rate Loans. If Borrower fails to specify an
Interest Period with respect to a Eurocurrency Rate Loan, it will be deemed to have specified an Interest Period of one month. No Loan may be converted into or continued as a Loan denominated in a different currency, but instead must be prepaid in
the original currency of such Loan and reborrowed in the other currency. 
 (b) Administrative Agent Notification.
Following receipt of a Loan Notice, Administrative Agent shall promptly notify each Funding Agent of the amount (and currency) of its Lender Group’s Applicable Percentage of the applicable Loans, and if no timely notice of a conversion or
continuation is provided by a Borrower Party, Administrative Agent shall notify each Funding Agent of the details of any automatic conversion of a Eurocurrency Rate Loan to Base Rate Loans or continuation of Loans denominated in a currency other
than Dollars described in the preceding subsection. 
 (c) Conduit Lender Determination and Committed Lender
Commitment. Upon receipt of a Loan Notice from Administrative Agent, each Funding Agent shall request the Conduit Lender (if any) in its Lender Group to make the Loan, and such Conduit Lender may from time to time during the Availability Period,
in its sole discretion, agree or decline to make the Loan. At no time will any Conduit Lender have any obligation to fund a Loan. At all times on and after the Conduit Investment Termination Date for a Conduit Lender, or if Conduit Lender

  
 36 

 
has failed for whatever reason to fund its portion of a Borrowing in full, all Loans shall be made by the Committed Lenders of such Conduit Lender’s Lender Group. At any time when a Conduit
Lender has rejected a request for Loan (it being understood that if a Conduit Lender does not fund any Loan in relation to which all of the conditions precedent set forth in Section 7.02 have been satisfied on the date set forth
in the applicable Loan Notice, such Conduit Lender shall be deemed to have rejected the request for Loan), such Conduit Lender’s Funding Agent shall so notify the Committed Lenders in such Conduit Lender’s Lender Group and such Committed
Lenders shall make such Loan in accordance with their respective Applicable Percentage. Notwithstanding anything contained in this Section 2.02(c) or elsewhere in this Credit Agreement to the contrary, no Committed Lender shall be
obligated to provide Administrative Agent or any Borrower Party with funds in connection with a Loan in an amount that would result in such Committed Lender’s Principal Obligation exceeding its Commitment then in effect by any such Committed
Lender as a Liquidity Provider under a Liquidity Agreement, and all Loans funded by a Conduit Lender shall be CP Rate Loans. 

(d) Reserved. 

(e) Tranches. Notwithstanding anything to the contrary contained herein, the Borrower Parties shall not have the right
to have more than seven (7) Eurocurrency Rate Loans in the aggregate outstanding hereunder at any one time during the Availability Period. 

(f) Continuations and Conversions of Eurocurrency Rate Loans and Automatic Continuation of CP Rate Loans. Except as
otherwise provided herein, a Eurocurrency Rate Loan may be continued or converted only on the last day of an Interest Period for such Eurocurrency Rate Loan. During the existence of an Event of Default or Default under
Section 11.01(a), 11.01(g) and 11.01(h), the Required Lenders may demand that any or all of the then outstanding Loans denominated in an Alternative Currency be prepaid, or redenominated into Dollars in
the amount of the Dollar Equivalent thereof, on the last day of the then current Interest Period with respect thereto or otherwise on demand. Any CP Rate Loan shall automatically continue as a CP Rate Loan without any further action of any Borrower
Party. 
 2.03 Minimum Loan Amounts. Each Borrowing of, conversion to or continuation of Loans shall be in a principal amount that is
an integral multiple of $100,000 and not less than $1,000,000, and each Borrowing of, conversion to or continuation of Base Rate Loans shall be in an amount that is an integral multiple of $100,000 and not less than $500,000; provided,
however, that a Base Rate Loan may be in an aggregate amount that is equal to the entire unused balance of the total Commitments. 

2.04 Funding. 

(a) Funding by Committed Lenders; Presumption by Administrative Agent. Each Conduit Lender and each Committed Lender, as
the case may be, shall, in accordance with the terms hereof, on any Loan Date make the proceeds of its Applicable Percentage of each Borrowing available to Administrative Agent in Dollars at Administrative Agent’s Office for the applicable
currency for the account of the appropriate Borrower Party (or, if otherwise agreed between such Lender and such Borrower Party and upon fulfillment of all applicable conditions set forth herein, directly to such Borrower Party as specified in the
Loan Notice, or, if requested by such Borrower Party in the Loan Notice, shall wire transfer such funds as requested) no later than 2:00 p.m. in the case of any Loan denominated in Dollars, and not later than the Applicable Time specified by
the Administrative Agent in the case of any Loan in an Alternative Currency, in each case on the Loan Date in Same Day Funds, and upon fulfillment of all applicable conditions set forth herein, Administrative Agent shall promptly deposit such
proceeds in Same 

  
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Day Funds in such Borrower Party’s account at Administrative Agent specified in the Loan Notice, or, if requested by such Borrower Party in the Loan Notice, shall wire transfer such funds as
requested; provided, however, that (i) if, in connection with a particular Credit Extension, the 2:00 p.m. time in this sentence is not met as a result of an operational or technical error, issue or oversight, then the
2:00 p.m. time in this sentence shall instead be 3:00 p.m. and (ii) if a single entity is the only Lender, such Lender may wire such funds directly to the Borrower Party (or as directed by the Borrower Party) as specified in the Loan
Notice. The failure of any Committed Lender to advance the proceeds of its respective share of any Borrowing required to be advanced hereunder shall not relieve any other Committed Lender of its obligation to advance the proceeds of its Applicable
Percentage of any Borrowing required to be advanced hereunder. Absent contrary written notice from a Funding Agent prior to the proposed Loan Date that a Conduit Lender or a Committed Lender in such Lender Group will not make available to
Administrative Agent such Lender’s share, as applicable, of such Borrowing, Administrative Agent may assume that each Committed Lender and each Conduit Lender, as the case may be, has made its Applicable Percentage of the requested Borrowing
available to Administrative Agent on the applicable Loan Date and in the applicable currency, and Administrative Agent may, in reliance upon such assumption (but is not required to), make available to the appropriate Borrower Party a corresponding
amount. 
 (b) Obligations of Committed Lenders Several. The obligations of the Committed Lenders hereunder to make
Loans and to make payments pursuant to Section 13.06(c) are several and not joint. The failure of any Committed Lender to make any Loan, to fund any such participation or to make any payment under
Section 13.06(c) on any date required hereunder shall not relieve any other Committed Lender of its corresponding obligation to do so on such date, and no Committed Lender shall be responsible for the failure of any other
Committed Lender to so make its Loan, to purchase its participation or to make its payment under Section 13.06(c). 

(c) Commercial Paper. Each Conduit Lender confirms that, to the extent permitted by its commercial paper program
documentation, it intends to fund all Loans hereunder through the issuance of its Commercial Paper at all times prior to the occurrence of a Liquidity Event, the termination date specified in its Liquidity Agreement, an Event of Default or certain
other circumstances occurring in the financial or Commercial Paper markets in general or with respect to the Loan Documents, or any Borrower Party in particular which, in the opinion of such, Conduit Lender or its Funding Agent or Administrator,
make funding the Loans through the issuance of Commercial Paper reasonably inadvisable. 

  
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 2.05 Interest. 

(a) Interest Rate. Subject to the provisions of clause (b) below: 

(i) (A) each CP Rate Loan funded by a Conduit Lender through the issuance of Commercial Paper shall bear interest on the
outstanding principal amount thereof for each Interest Period at a rate per annum equal to the CP Rate for such Interest Period plus the Applicable Margin for CP Rate Loans, and (B) each CP Rate Loan funded by a Conduit Lender through
its Liquidity Provider shall bear interest on the outstanding principal amount thereof for each Interest Period at a rate per annum equal to the Floating LIBOR Rate plus the Applicable Margin for CP Rate Loans or the Base Rate plus the
Applicable Margin for CP Rate Loans, each in accordance with Section 2.02, for each day in such Interest Period prior to the day on which such funding has been refinanced through the issuance of Commercial Paper and at the CP Rate
for the remainder of such Interest Period plus the Applicable Margin for CP Rate Loans; 
 (ii) each Eurocurrency Rate
Loan shall bear interest on the outstanding principal amount thereof for each Interest Period at a rate per annum equal to the Eurocurrency Rate for such Interest Period plus the Applicable Margin for Eurocurrency Rate Loans plus (in
the case of a Eurocurrency Rate Loan of any Lender which is lent from a Lending Office in the United Kingdom or a Participating Member State) the Mandatory Cost, all in accordance with Section 2.02; 

(iii) each Base Rate Loan shall bear interest on the outstanding principal amount thereof at a rate per annum equal to the Base
Rate plus the Applicable Margin for Base Rate Loans in accordance with Section 2.02; and 
 (iv)
each Floating LIBOR Rate Loan shall bear interest on the outstanding principal amount thereof at a rate per annum equal to the Floating LIBOR Rate plus the Applicable Margin for Floating LIBOR Rate Loans plus (in the case of a Floating
LIBOR Rate Loan of any Lender which is lent from a Lending Office in the United Kingdom or a Participating Member State) the Mandatory Cost, all in accordance with Section 2.02. 

(b) Default Rate. 

(i) If any amount of principal of the Obligations is not paid when due (without regard to any applicable grace periods), then
(in lieu of the interest rate provided in Section 2.05(a) above) such amount shall bear interest at a fluctuating interest rate per annum at all times equal to the Default Rate. 

(ii) If any amount (other than principal of the Obligations) payable by Borrower under any Loan Document is not paid when due
(without regard to any applicable grace periods), whether at stated maturity, by acceleration or otherwise, then upon the request of the Required Lenders (in lieu of the interest rate provided in Section 2.05(a) above), such
amount shall thereafter bear interest at a fluctuating interest rate per annum at all times equal to the Default Rate. 

(iii) Upon the request of Required Lenders, while any Event of Default exists, then (in lieu of the interest rate provided in
Section 2.05(a) above) the principal amount of the Obligations shall bear interest at a fluctuating interest rate per annum at all times equal to the Default Rate, from the date of the occurrence of such Event of Default until
such Event of Default is cured or is waived. 

  
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 2.06 Determination of Rate and Billing. Each change in the rate of interest for any
Borrowing or any portion thereof shall become effective, without prior notice to the Borrower Parties, automatically as of the opening of business of Administrative Agent on the date of said change. Administrative Agent shall promptly notify
Borrower and the Committed Lenders of the interest rate applicable to any Interest Period for Eurocurrency Rate Loans upon determination of such interest rate. The determination of the Eurocurrency Rate and Floating LIBOR Rate by Administrative
Agent shall be conclusive in the absence of manifest error. The applicable CP Rate shall be determined for each Conduit Lender by the applicable Funding Agent and reported, together with a calculation of any accrued interest and fees for the
applicable period (but excluding any fee payable pursuant to Section 2.09) payable to such Conduit Lender on any Interest Payment Date, to the Administrative Agent and the Borrower by 11:00 a.m. five (5) Business Days
prior to such Interest Payment Date; provided that, if such Funding Agent fails to report the CP Rate to the Administrative Agent and the Borrower by such time, the Administrative Agent shall be authorized to use the interest rate being paid
to the non-Conduit Lenders for such applicable period for any such non-reporting Conduit Lender (provided that such amount paid to any non-reporting Conduit Lender shall be trued-up on the following applicable Interest Payment Date upon five
(5) Business Days prior notice). The Administrative Agent will bill the Borrower on behalf of all Lenders with respect to interest on Eurocurrency Rate Loans, Base Rate Loans, Floating LIBOR Rate Loans and CP Rate Loans. 

2.07 Payment of Borrower Guaranty. In consideration of Lenders’ agreement to advance funds to a Qualified Borrower hereunder, and
to accept Borrower’s guaranty pursuant to Section 6, Borrower hereby authorizes, empowers, and directs Administrative Agent, for the benefit of itself, the Funding Agents and the Lenders, to disburse directly to Lenders, with
notice to Borrower, in Same Day Funds an amount equal to the amount due and owing under Section 6, together with all interest, costs, expenses and fees due to Lenders pursuant thereto in the event (i) Administrative Agent
shall have not received payment from such Qualified Borrower of its Obligations when due or (ii) any Event of Default specified in Section 11.01(a), 11.01(g) or 11.01(h) occurs with respect to
such Qualified Borrower. Administrative Agent will promptly notify Borrower of any disbursement made to Lenders pursuant to the terms hereof; provided that the failure to give such notice shall not affect the validity of the disbursement. Any
such disbursement made by Administrative Agent to Lenders shall be deemed to be a Base Rate Loan, and Borrower shall be deemed to have given to Administrative Agent, in accordance with the terms and conditions of Section 2.02(a),
a Loan Notice with respect thereto. Administrative Agent may conclusively rely on Lenders as to the amount due to Lenders under Section 6. 

2.08 Use of Proceeds. The proceeds of the Loans shall be used solely for the purposes permitted under the Operating Agreement and the
Constituent Documents of the Qualified Borrowers. None of the Lenders, Agents, or Administrative Agent shall have any liability, obligation, or responsibility whatsoever with respect to any Borrower Party’s use of the proceeds of the Loans, and
none of the Lenders, Agents, or Administrative Agent shall be obligated to determine whether or not any Borrower Party’s use of the proceeds of the Loans are for purposes permitted above. Nothing, including, without limitation, any Borrowing,
any continuation or conversion thereof in accordance with the terms of this Credit Agreement, or acceptance of any other document or instrument, shall be construed as a representation or warranty, express or implied, to any party by any Agent, any
Lender or Administrative Agent as to whether any investment by Borrower is permitted by the terms of the Operating Agreement or the Constituent Documents of any Qualified Borrower. 

2.09 Unused Commitment Fee. In addition to the payments provided for in Section 3 and subject to
Section 2.12(a)(iii), Borrower shall pay to Administrative Agent, for the account of each 

  
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Committed Lender, an unused commitment fee which shall accrue at a rate per annum equal to the product of: (i) the average daily difference during the immediately preceding calendar
quarter between (A) such Committed Lender’s Commitment and (B) such Committed Lender’s Lender Group’s outstanding Principal Obligation during such calendar quarter (such product the “Unused
Commitment”), and (ii)(x) if at any time the aggregate Unused Commitment is equal to or less than 50% of the Maximum Commitment, then the rate equal to 0.25% per annum and (y) at any time the aggregate Unused Commitment
is greater than 50% of the Maximum Commitment, then the rate equal to 0.35% per annum. The unused commitment fee shall be payable in arrears on the first Business Day of each calendar quarter for the preceding calendar quarter and on the
Maturity Date for the period from the end of the preceding calendar quarter until the Maturity Date. Borrower and Committed Lenders acknowledge and agree that the unused commitment fees payable hereunder are bona fide unused commitment fees and are
intended as reasonable compensation to Committed Lenders for committing to make funds available to Borrower as described herein and for no other purposes and shall be due and payable whether or not the conditions precedent in
Section 7.02 are satisfied. 
 2.10 Reserved. 

2.11 Computation of Interest and Fees. All computations of interest with respect to the Base Rate (including Base Rate Loans determined
by reference to the Eurocurrency Rate) shall be made on the basis of a year of 365 or 366 days, as the case may be, and actual days elapsed. All other computations of fees and interest shall be made on the basis of a 360-day year and actual
days elapsed (which results in more fees or interest, as applicable, being paid than if computed on the basis of a 365-day year) or, in the case of interest in respect of Loans denominated in Alternative
Currencies as to which market practice differs from the foregoing, in accordance with such market practice. Interest shall accrue on each Loan from and including the day on which the Loan is made, and shall not accrue on a Loan, or any portion
thereof, for the day on which the Loan or such portion is paid; provided that any Loan that is repaid on the same day on which it is made shall, subject to Section 3.03, bear interest for one day. 

2.12 Defaulting Lenders. 

(a) Adjustments. Notwithstanding any provision of this Credit Agreement to the contrary, if any Committed Lender becomes
a Defaulting Lender, then, until such time as such Committed Lender is no longer a Defaulting Lender, to the extent permitted by applicable Law: 

(i) Waivers and Amendments. Such Defaulting Lender’s right to approve or disapprove any amendment, waiver or
consent with respect to this Credit Agreement shall be restricted as set forth in the definition of “Required Lenders” and Section 13.01. 

(ii) Defaulting Lender Applications. Any payment of principal, interest, fees or other amounts received by
Administrative Agent for the account of such Defaulting Lender (whether voluntary or mandatory, at maturity, pursuant to Section 11 or otherwise) or received by Administrative Agent from a Defaulting Lender pursuant to
Section 13.02, shall be applied at such time or times as may be determined by Administrative Agent in the following order: (a) to the payment of any amounts owing by such Defaulting Lender to Administrative Agent
hereunder; (b) as Borrower may request (so long as no Default or Event of Default exists), to the funding of any Loan in respect of which such Defaulting Lender has failed to fund its portion thereof as required by this Credit Agreement, as
determined by Administrative Agent; (c) if so determined by Administrative Agent and Borrower, to be held in a deposit account and released pro rata in order to satisfy such Defaulting Lender’s potential future funding obligations
with 

  
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respect to Loans under this Credit Agreement; (d) to the payment of any amounts owing to the Lenders as a result of any judgment of a court of competent jurisdiction obtained by any Lender
against such Defaulting Lender as a result of such Defaulting Lender’s breach of its obligations under this Credit Agreement; (e) so long as no Default or Event of Default exists, to the payment of any amounts owing to Borrower as a result
of any judgment of a court of competent jurisdiction obtained by Borrower against such Defaulting Lender as a result of such Defaulting Lender’s breach of its obligations under this Credit Agreement; and (f) to such 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 such 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 7.02 were satisfied or waived, such payment shall be applied solely to pay the Loans of, all Lender Groups of
Non-Defaulting Lenders in accordance with their respective Repayment Percentage (without giving effect to the Principal Obligation of such Defaulting Lender) prior to being applied to the payment of any Loans
of such Defaulting Lender until such time as all Loans are held by the Committed Lenders in accordance with each such Committed Lender’s Repayment Percentage (without giving effect to the Principal Obligation held by such 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 shall be deemed paid to and redirected by such Defaulting Lender, and each Lender irrevocably
consents hereto. 
 (iii) Certain Fees. 

(A) A Defaulting Lender shall not be entitled to receive any unused commitment fee payable under Section 2.09
for any period during which that Lender is a Defaulting Lender (and Borrower shall not be required to pay any such fee that otherwise would have been required to have been paid to such Defaulting Lender). 

(B) With respect to any fee payable under Section 2.09, Borrower shall not be required to pay the remaining
amount of any such fee. 
 (b) Defaulting Lender Cure. If Borrower and Administrative Agent agree in writing that a
Committed Lender is no longer a Defaulting Lender, 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 Committed Lender will, to
the extent applicable, purchase at par that portion (not otherwise funded by its Lender Group) of outstanding Loans of the other Lender Groups or take such other actions as Administrative Agent may determine to be necessary to cause the Loans to be
held among the Lender Groups (and the Committed Lenders therein) in accordance with their Applicable Percentages, whereupon such Committed 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 Borrower while that Committed Lender was a Defaulting Lender; and provided, further, that except to the extent otherwise expressly agreed by the affected parties, no
change hereunder from Defaulting Lender to Committed Lender will constitute a waiver or release of any claim of any party hereunder arising from that Committed Lender’s having been a Defaulting Lender. 

2.13 Extension of Stated Maturity Date. So long as no (x) Event of Default or Default shall have occurred and be continuing on the
Stated Maturity Date and (y) the representations and warranties contained in Section 8 or in any other Loan Document shall be true and correct on, and as of, the Stated 

  
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Maturity Date, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they shall be true and correct as of such earlier date, and
except that for purposes of this Section 2.13, the representations and warranties contained in Section 8.06 shall be deemed to refer to the most recent financial statements furnished pursuant to
clauses (a) and (b), respectively, of Section 9.01, Borrower may extend the Stated Maturity Date to a date that is not later than 364 days after the then-effective Stated Maturity Date, no more
than two times, upon: (a) delivery of a Facility Extension Request to Administrative Agent not less than fifteen (15) days prior to the Stated Maturity Date then in effect; and (b) payment to Administrative Agent for the benefit
of the Lenders of a facility extension fee equal to 25 basis points on the then-existing Maximum Commitment (i.e., 0.25% times the then-existing Maximum Commitment). Such extension shall be evidenced by delivery of written confirmation of the
same by Administrative Agent to Borrower. 
 2.14 Increase in the Maximum Commitment. 

(a) Administrative Agent shall, at the request of Borrower from time to time, increase the Maximum Commitment to the amount
requested by Borrower by: (x) admitting additional committed lenders hereunder (each, a “Subsequent Committed Lender”); or (y) increasing the Commitment of any Committed Lender (each, an “Increasing
Committed Lender”); or both, subject to the following conditions and Section 2.14(c): 
 (i)
Borrower shall have delivered to Administrative Agent the Facility Increase Request (and Administrative Agent shall promptly deliver copies of such notice to Funding Agents); 

(ii) If requested pursuant to Section 3.01, Borrower shall, as applicable, execute a new Note payable to
each Subsequent Committed Lender and Increasing Committed Lender; 
 (iii) After giving effect to the increase in the
Committed Lender’s Commitment, the Maximum Commitment will not exceed the Maximum Accordion Amount; 
 (iv) The increase
in the aggregate amount of Committed Lenders’ Commitments shall be in the minimum amount of $10,000,000; 
 (v) No
Default or Event of Default shall have occurred and be continuing or would result from such increase in the Committed Lenders’ Commitments; 

(vi) As of the date of such increase, the representations and warranties contained in Section 8 shall be
true and correct in all material respects, with the same force and effect as if made on and as of such date; except to the extent that such representations and warranties specifically refer to any earlier date, in which case they shall be true and
correct as of such earlier date and except that for the purposes of this Section 2.14(a)(vi), the representations and warranties contained in Section 8.06 shall be deemed to refer to the most recent financial
statements furnished pursuant to clauses (a) and (b), respectively, of Section 9.01; and 

(vii) Borrower shall pay the applicable Facility Increase Fee. 

  
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 (b) With respect to each Facility Increase Request delivered pursuant to
Section 2.14(a)(i), Administrative Agent agrees that: 
 (i) Administrative Agent will use its best
efforts to syndicate the requested increase of the Maximum Commitment; 
 (ii) each Subsequent Committed Lender shall be
approved (not to be unreasonably withheld or delayed) in writing by the Administrative Agent and the Borrower; and 
 (iii)
Administrative Agent shall cause: (A) unless previously agreed in writing, each Increasing Committed Lender to consent to such increase in writing; and (B) each Subsequent Committed Lender to execute a joinder to this Credit Agreement
in the form of Exhibit K. 
 (c) Notwithstanding anything else in the foregoing: (i) no
admission of any Subsequent Committed Lender shall increase the Commitment of any existing Committed Lender without such existing Committed Lender’s consent; (ii) no Committed Lender shall become an Increasing Committed Lender without such
Committed Lender’s consent; and (iii) except for an increase in connection with Section 2.13, no increase will be permitted after Borrower has decreased the Maximum Commitment under Section 3.06. 

(d) If Administrative Agent deems it advisable, Borrower and each Lender agree to execute an amendment to this Credit
Agreement, in form and substance acceptable to Administrative Agent, to document an increase in the Maximum Commitment pursuant to this Section 2.14. 
  

	3.	PAYMENT OF OBLIGATIONS. 

 3.01 Notes. 

(a) The Borrowings funded by each Lender shall be evidenced by one or more accounts or records maintained by such Lender (or
its Funding Agent) and by Administrative Agent in the Register in the ordinary course of business. Any failure to so record or any error in doing so shall not, however, limit or otherwise affect the obligation of such Borrower Party hereunder to pay
any amount owing with respect to the Obligations. In the event of any conflict between the accounts and records maintained by any Lender (or its Funding Agent, if applicable) and the accounts and records of Administrative Agent in respect of such
matters, the accounts and records of Administrative Agent shall control in the absence of manifest error. 
 (b) Any Funding
Agent, on behalf of any Lender member of its Lender Group, may request that the Loans to be made by such Lender Group to the Borrower shall be evidenced by promissory notes. Qualified Borrower obligations shall not be evidenced by separate
promissory notes. If so requested, the Borrower shall issue such Notes. Each such Note shall: (a) be payable to the Funding Agent for such Lender Group or such other administrator or trustee for the Lender member of such Lender Group as
such Funding Agent may designate (or, if requested by such Funding Agent, to such Funding Agent and its registered assigns); (b) bear interest in accordance with the provisions hereof; (c) be in the form of Exhibit B,
attached hereto (with blanks appropriately completed in conformity herewith); and (d) be made by the Borrower. The Borrower agrees, from time to time, upon the request of Administrative Agent or any applicable Funding Agent, to reissue new
Notes, in accordance with the terms and in the form heretofore 

  
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provided, to any Committed Lender or Conduit Lender and to any Assignee of such Lender in accordance with Section 13.12, in substitution for the Notes previously issued by the
Borrower to the Funding Agent or other party, as appropriate and in accordance herewith for the affected Lender, and such previously issued Notes shall be returned to the Borrower marked “cancelled”. 

3.02 Payment of Interest. 

(a) Interest. Interest on each Borrowing and any portion thereof shall commence to accrue in accordance with the terms
of this Credit Agreement and the other Loan Documents as of the date of the disbursal or wire transfer of such Borrowing by Administrative Agent, consistent with the provisions of Sections 2.06 and 2.11,
notwithstanding whether any Borrower Party received the benefit of such Borrowing as of such date and even if such Borrowing is held in escrow pursuant to the terms of any escrow arrangement or agreement. When a Borrowing is disbursed by wire
transfer pursuant to instructions received from a Borrower Party, then such Borrowing shall be considered made at the time of the transmission of the wire, in accordance with the Loan Notice, rather than the time of receipt thereof by the receiving
bank. With regard to the repayment of the Loans, interest shall continue to accrue on any amount repaid until such time as the repayment has been received in federal or other Same Day Funds by Administrative Agent. 

(b) Interest Payment Dates. Accrued and unpaid interest on the Obligations, including any interest payable on any Loan
prepaid pursuant to Section 3.05, shall be due and payable: (i) in arrears on each Interest Payment Date (for the fiscal quarter then ended with respect to Base Rate Loans and Floating LIBOR Rate Loans, for the Interest
Period then ended with respect to Eurocurrency Rate Loans and for all accrued and unpaid interest to date with respect to CP Rate Loans) and on the Maturity Date, (ii) on each other date of any reduction of the Principal Obligation hereunder
(other than a voluntary prepayment pursuant to Section 3.05); and (iii) with respect to any obligation of a Borrower Party hereunder on which such Borrower Party is in default, at any time and from time to time following such
default upon demand by Administrative Agent. Interest hereunder shall be due and payable in accordance with the terms hereof before and after judgment, and before and after the commencement of any proceeding under any Debtor Relief Law. 

(c) Direct Disbursement. If, at any time, Administrative Agent shall not have received on the date due, any payment of
interest upon the Loans or any fee described herein, Administrative Agent may direct the disbursement of funds from the applicable Collateral Account to Lenders in accordance with the terms hereof, to the extent available therein for payment of any
such amount. 
 3.03 Payments of Obligations. 

(a) Maturity Date. The principal amount of the Obligations outstanding on the Maturity Date, together with all accrued
but unpaid interest thereon, shall be due and payable on the Maturity Date. 
 (b) Payments Generally. All payments of
principal of, and interest on, the Obligations under this Credit Agreement by any Borrower Party to or for the account of Lenders, or any of them, shall be made without condition or deduction for any counterclaim, defense, recoupment or setoff by
such Borrower Party. Except as otherwise expressly provided herein, and except with respect to principal of and interest on Loans denominated in an Alternative Currency, all payments by the Borrower Parties hereunder shall be made to Administrative

  
 45 

 
Agent, for the account of the respective Lenders and Lender Groups to which such payment is owed, at Administrative Agent’s Office in Dollars and in Same Day Funds not later than
1:00 p.m. on the date specified herein. Except as otherwise expressly provided herein, all payments by the Borrower Parties hereunder with respect to principal and interest on Loans denominated in an Alternative Currency shall be made to
Administrative Agent, for the account of the respective Lenders to which such payment is owed, at the applicable Administrative Agent’s Office in such Alternative Currency and in Same Day Funds not later than the Applicable Time specified by
the Administrative Agent on the dates specified herein. Without limiting the generality of the foregoing, Administrative Agent may require that any payments due under this Credit Agreement be made in the United States. If, for any reason, Borrower
is prohibited by any Law from making any required payment hereunder in an Alternative Currency, Borrower shall make such payment in Dollars in the Dollar Equivalent of the Alternative Currency payment amount. Funds received by Administrative Agent:
(i) after 1:00 p.m., in the case of payments in Dollars, or (ii) after the Applicable Time specified by Administrative Agent in the case of payments in an Alternative Currency, shall in each case be treated for all purposes as having
been received by Administrative Agent on the first Business Day next following receipt of such funds and any applicable interest or fees shall continue to accrue. Except as provided in Section 13.11(c), each Lender shall be
entitled to receive its applicable share of each payment received by Administrative Agent hereunder for the account of Lenders on the Obligations. Each payment received by Administrative Agent hereunder for the account of a Lender shall be promptly
distributed by Administrative Agent to the appropriate Funding Agent. If any payment to be made by any Borrower Party shall come due on a day other than a Business Day, payment shall be made on the next following Business Day, and such extension of
time shall be reflected in computing interest or fees, as the case may be. Each Funding Agent agrees to use reasonable efforts to apply the amounts received in respect of such repayments to the outstanding Loans of the Lenders members of its Lender
Group so as to minimize broken funding payments payable pursuant to Section 4.05. 
 (c) Clawback.

 (i) Funding by Lenders; Presumption by Administrative Agent. Unless Administrative Agent shall have received notice
from a Funding Agent prior to the proposed date of any Borrowing of Eurocurrency Rate Loans or CP Rate Loan (or, in the case of any Borrowing of Base Rate Loans, prior to 12:00 noon on the date of such Borrowing) that such Lender Group will not make
available to Administrative Agent such Lender Group’s share of such Borrowing, Administrative Agent may assume that such Lender Group has made such share available on such date in accordance with Section 2.04 (or, in the case
of a Borrowing of Base Rate Loans, that such Lender Group has made such share available in accordance with and at the time required by Section 2.04) and may, in reliance upon such assumption, make available to the applicable
Borrower Party a corresponding amount. In such event, if a Lender Group has not in fact made its share of the applicable Borrowing available to Administrative Agent, then the Committed Lenders in such Lender Group and the applicable Borrower Party
severally agree to pay to Administrative Agent forthwith on demand such corresponding amount in Same Day Funds with interest thereon, for each day from and including the date such amount is made available to such Borrower Party to but excluding the
date of payment to Administrative Agent, at: (A) in the case of a payment to be made by such Committed Lender, the Overnight Rate, plus any administrative, processing or similar fees customarily charged by Administrative Agent in
connection with the foregoing; and (B) in the case of a payment to be made by a Borrower Party, the interest rate applicable to Base Rate Loans; provided, however, that if funds are not available to such Borrower

  
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Party in the Collateral Account to make payment on demand, to the extent that it is necessary for Borrower to issue Capital Call Notices to fund such required payment, such payment shall be made
within fifteen (15) Business Days after Administrative Agent’s demand (and, in any event, Borrower shall issue such Capital Call Notices and shall make such payment promptly after the related Capital Contributions are received). If
any Borrower Party and such Committed Lender shall pay such interest to Administrative Agent for the same or an overlapping period, Administrative Agent shall promptly remit to such Borrower Party the amount of such interest paid by such Borrower
Party for such period. If such Committed Lender pays its share of the applicable Borrowing to Administrative Agent, then the amount so paid shall constitute such Committed Lender’s Loan included in such Borrowing as of the date of such
Borrowing. Any payment by a Borrower Party shall be without prejudice to any claim such Borrower Party may have against a Committed Lender that shall have failed to make such payment to Administrative Agent. 

(ii) Payments by Borrower Parties; Presumptions by Administrative Agent. Unless Administrative Agent shall have received
notice from a Borrower Party prior to the date on which any payment is due to Administrative Agent for the account of the Funding Agent hereunder that such Borrower Party will not make such payment, Administrative Agent may assume that such Borrower
Party has made such payment on such date in accordance herewith and may, in reliance upon such assumption, distribute to the Funding Agent the amount due. In such event, if such Borrower Party has not in fact made such payment, then each of the
Committed Lenders severally agrees to repay to Administrative Agent forthwith on demand the amount so distributed to such Funding Agent’s Lender Group, in Same Day Funds 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 Administrative Agent, at the Overnight Rate. 
 A notice of
Administrative Agent to any Committed Lender or any Borrower Party with respect to any amount owing under this subsection (c) shall be conclusive, absent manifest error. 

(d) General Order of Application. Each such repayment shall be applied to repay all outstanding Loans ratably. All
payments made on the Obligations shall be credited, to the extent of the amount thereof, in the following order: (a) against all costs, expenses and other fees (including Attorney Costs) arising under the terms hereof; (b) against the
amount of interest accrued and unpaid on the Obligations as of the date of such payment; (c) against all principal due and owing on the Obligations as of the date of such payment; and (d) to all other amounts constituting any portion of
the Obligations. 
 3.04 Mandatory Prepayment. If, on any day, the Principal Obligation exceeds the Available Commitment (including,
without limitation, as a result of an Exclusion Event, the delivery of an Initial Notice or the application of any Aggregate Concentration Limit or Individual Concentration Limit (a “Mandatory Prepayment Event”)), then the
applicable Borrower Party shall pay to Administrative Agent, for the benefit of Lenders, an amount sufficient that, after giving effect to such prepayment and any Capital Calls to fund it, the Principal Obligation would no longer exceed the
Available Commitment, in Same Day Funds: (a) promptly on demand (but in no event later than three (3) Business Days after such demand), to the extent such funds are available in the Collateral Account; (b) within
fifteen (15) Business Days of demand to the extent that it is necessary for Borrower to issue Capital Call Notices to fund such required payment (and Borrower shall issue such Capital Call Notices during such time) and shall pay such
excess, promptly after the Capital Contributions relating to such Capital Call Notice are received; and (c) by, if applicable, the effective date of any Spin-Off. 

  
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 3.05 Voluntary Prepayments. Any Borrower Party may, upon notice to Administrative Agent,
at any time or from time to time voluntarily prepay Loans in whole or in part without premium or penalty; provided that such notice must be received by Administrative Agent not later than: (A) 11:00 a.m.
(i) three (3) Business Days prior to any date of prepayment of any Loans accruing interest at the Eurocurrency Rate, Floating LIBOR Rate or the CP Rate; and (ii) five (5) Business Days prior to the date of prepayment of
Loans denominated in Alternative Currencies; and (B) 11:00 a.m. (i) one (1) Business Days prior to any date of prepayment of any Loans accruing interest at the Base Rate; and (ii) any prepayment of Loans shall be in a
minimum principal amount of $1,000,000 or a whole multiple of $100,000 in excess thereof; or, if less, the entire principal amount thereof then outstanding. Each such notice shall specify the date (which shall be a Business Day) and amount of such
prepayment, if applicable, the Type(s) of Loans to be prepaid. Administrative Agent will promptly notify each Funding Agent of its receipt of each such notice, and of the amount of its Lender Group’s Repayment Percentage of such
prepayment. If such notice is given by a Borrower Party, such Borrower Party shall make such prepayment and the payment amount specified in such notice shall be due and payable on the date specified therein. With respect to any Loan prepaid pursuant
to this Section 3.05, all accrued interest thereon shall be paid in accordance with Section 3.02(b) and any additional amounts required pursuant to Section 4 with respect thereto shall be
promptly paid following receipt of an accurate and correct invoice for such amounts. Subject to Section 2.12, each such prepayment shall be applied to the Principal Obligations held by each Lender in accordance with its applicable
Repayment Percentage. 
 3.06 Reduction or Early Termination of Commitments. Borrower may, upon notice to the Administrative Agent,
terminate the aggregate Commitments, or from time to time permanently reduce the aggregate Commitments; provided that (i) any such notice shall be received by the Administrative Agent not later than 11:00 a.m.
three (3) Business Days prior to the date of termination or reduction, (ii) any such partial reduction shall be in an aggregate amount of $5,000,000 or any whole multiple of $1,000,000 in excess thereof, (iii) the Maximum
Commitment hereunder shall at no time equal an aggregate amount of less than $25,000,000, and (iv) Borrower shall not terminate or reduce the aggregate Commitments if, after giving effect thereto and to any concurrent prepayments hereunder, the
Principal Obligation would exceed the Available Commitments. The Administrative Agent will promptly notify the Committed Lenders of any such notice of termination or reduction of the aggregate Commitments. Any reduction of the aggregate Commitments
shall be applied to the Commitment of each Committed Lender according to its pro rata share thereof. All fees accrued until the effective date of any termination of the aggregate Commitments shall be paid on the effective date of such
termination. 
 3.07 Lending Office. Each Lender may: (a) designate the principal office or a branch, subsidiary or
Affiliate of such Lender as its Lending Office (and the office to whose accounts payments are to be credited) for any Loan; and (b) change its Lending Office from time to time by notice to Administrative Agent and Borrower. In such event, the
Funding Agent for such Lender shall continue to hold the Note, if any, evidencing its Loans for the benefit and account of such branch, subsidiary or Affiliate. Each Committed Lender shall be entitled to fund all or any portion of its Commitment in
any manner it deems appropriate, consistent with the provisions of Section 2.06, but for the purposes of this Credit Agreement such Committed Lender shall, regardless of such Committed Lender’s actual means of funding, be
deemed to have funded its Commitment in accordance with the Interest Option selected from time to time by the Borrower Parties for such Borrowing period. 
  

	4.	CHANGE IN CIRCUMSTANCES. 

 4.01 Taxes. 

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

  
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 (i) Any and all payments by or on account of any obligation of any Borrower
Parties hereunder or under any other Loan Document shall be made free and clear of and without deduction or withholding for any Taxes, except as required by applicable Laws. If any applicable Law requires the deduction or withholding of any Tax from
any such payment by a Withholding Agent, then the applicable Withholding Agent shall be entitled to make such deduction or withholding, upon the basis of the information and documentation to be delivered pursuant to subsection (e)
below. 
 (ii) If any applicable Withholding 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 applicable Withholding Agent shall withhold or make such deductions as are determined by the Withholding Agent to be required based upon
the information and documentation it has received pursuant to subsection (e) below; (B) the applicable Withholding 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 applicable Borrower Party shall be increased as necessary so that after any required withholding
or the making of all required deductions (including deductions or withholdings of Indemnified Taxes applicable to additional sums payable under this Section 4.01) 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 applicable Withholding Agent shall be
required by any applicable Law other than the Code to withhold or deduct any Taxes from any payment, then: (A) the applicable Withholding Agent, as required by such Law, 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 subsection (e) below; (B) the applicable Withholding Agent, to the extent required by such Law, 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 applicable Borrower Party shall be increased
as necessary so that after any required withholding or the making of all required deductions (including deductions or withholdings of Indemnified Taxes applicable to additional sums payable under this Section 4.01) 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 Borrower Parties. Without limiting the provisions of subsection (a) above, each Borrower Party shall timely pay to the relevant Governmental Authority in accordance with applicable Law, or at the
option of Administrative Agent, timely reimburse it for the payment of, any Other Taxes. 
 (c) Tax Indemnifications.

 (i) Borrower shall, and does hereby, indemnify each Recipient, and shall make payment in respect thereof within twenty
(20) 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 4.01) payable or paid by 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 

  
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or asserted by the relevant Governmental Authority, but excluding any penalties, interest, or expenses that are attributable to the bad faith, gross negligence, or willful misconduct of the
Recipient. A certificate as to the amount of any such payment or liability setting forth in reasonable detail the calculation and basis such payment or liability delivered to the applicable Borrower Party by a Recipient (with a copy to
Administrative Agent), or by Administrative Agent on its own behalf or on behalf of a Recipient, shall be conclusive absent manifest error. 

(ii) Each Lender shall, and does hereby, severally indemnify, and shall make payment in respect thereof within ten
(10) days after demand therefor: (A) the Administrative Agent against any Indemnified Taxes attributable to such Lender (but only to the extent that any Borrower Party has not already indemnified Administrative Agent for such
Indemnified Taxes and without limiting the obligation of the Borrower Parties to do so); (B) Administrative Agent against any Taxes attributable to such Person’s failure to comply with the provisions of Section 13.11(e)
relating to the maintenance of a Participant Register; and (C) Administrative Agent against any Excluded Taxes attributable to Person, in each case, that are payable or paid by the Administrative Agent in connection with any Loan Document, and
any reasonable expenses arising therefrom or with respect thereto, whether or not such Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. A certificate as to the amount of such payment or liability delivered
to any Lender by Administrative Agent or the Borrower Parties shall be conclusive absent manifest error. Each Lender hereby authorizes Administrative Agent to set off and apply any and all amounts at any time owing to such Lender under this Credit
Agreement or any other Loan Document against any amount due to the Administrative Agent under this Section 4.01(c)(ii). 

(d) Evidence of Payments. Upon request by a Borrower Party or Administrative Agent, as the case may be, after any
payment of Taxes by such Borrower Party or by Administrative Agent to a Governmental Authority as provided in this Section 4.01, such Borrower Party shall deliver to Administrative Agent or Administrative Agent shall deliver to
such Borrower Party, as the case may be, 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 such Borrower Party or Administrative Agent, as the case may be. 
 (e) Status of Recipients;
Tax Documentation. 
 (i) Any Recipient that is entitled to an exemption from or reduction of withholding Tax with
respect to payments made under any Loan Document shall deliver to Borrower and Administrative Agent, at the time or times reasonably requested by Borrower or Administrative Agent, such properly completed and executed documentation requested by
Borrower or Administrative Agent as will permit such payments to be made without withholding or at a reduced rate of withholding. In addition, any Recipient, if reasonably requested by a Borrower Party or Administrative Agent, shall deliver such
other documentation prescribed by applicable Law, by the taxing authorities of any jurisdiction or reasonably requested by a Borrower Party or Administrative Agent as will enable such Borrower Party or Administrative Agent to determine whether or
not such Recipient is subject to backup withholding or information reporting requirements. A Liquidity Provider that is a Foreign Recipient shall not be entitled to the benefits of this Section 4.01 unless Borrower is notified of
the Liquidity Agreement and consents to such 

  
 50 

 
benefits and such Liquidity Provider, for the benefit of the Borrower Parties, complies with this Section 4.01. Notwithstanding anything to the contrary in the preceding three
sentences, the completion, execution and submission of such documentation (other than such documentation set forth in Sections 4.01(e)(ii)(A), 4.01(e)(ii)(B) and 4.01(e)(ii)(D)) shall not be required if
in the Recipient’s reasonable judgment such completion, execution or submission would subject such Recipient to any material unreimbursed cost or expense (provided that such Recipient’s internal costs of completing, executing or submitting
such documentation shall not be considered to be material unreimbursed costs or expenses) or would materially prejudice the legal or commercial position of such Recipient. 

(ii) Without limiting the generality of the foregoing: 

(A) any Recipient that is a U.S. Person shall deliver to Borrower and Administrative Agent on or prior to the date on
which such Recipient becomes a Recipient under this Credit Agreement (and from time to time thereafter upon the reasonable request of Borrower or Administrative Agent), executed originals of IRS Form W-9, or applicable successor form, certifying
that such Recipient is exempt from U.S. federal backup withholding tax; 
 (B) any Foreign Recipient shall, to the
extent it is legally entitled to do so, deliver to Borrower and Administrative Agent (in such number of copies as shall be requested by the recipient) on or prior to the date on which such Foreign Recipient becomes a Lender under this Credit
Agreement (and from time to time thereafter upon the reasonable request of Borrower or Administrative Agent), whichever of the following is applicable: 

(1) in the case of a Foreign Recipient claiming the benefits of an income tax treaty to which the United States is a
party: (x) with respect to payments of interest under any Loan Document, executed originals of an appropriate IRS Form W-8BEN or IRS Form W-8BEN-E (or
applicable successor form) establishing an exemption from, or reduction of, U.S. federal withholding Tax pursuant to the “interest” article of such tax treaty; and (y) with respect to any other applicable payments under any
Loan Document, an appropriate IRS Form W-8BEN or IRS Form W-8BEN-E (or applicable successor form) establishing an exemption from, or reduction of, U.S. federal
withholding Tax pursuant to the “business profits” or “other income” article of such tax treaty; 

(2) executed originals of IRS Form W-8ECI, or applicable successor form; 

(3) in the case of a Foreign Recipient 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 M-1 to the effect that such Foreign Recipient is not a “bank” within the meaning of
Section 881(c)(3)(A) of the Code, a “10 percent shareholder” of such Borrower Party 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 originals of IRS Form W-8BEN or W-8BEN-E, or applicable successor form; or

  
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 (4) to the extent a Foreign Recipient is not the beneficial owner, executed
originals of IRS Form W-8IMY (or applicable successor form), accompanied by IRS Form W-8ECI, IRS Form W-8BEN or IRS Form W-8BEN-E (or applicable successor form), a U.S. Tax Compliance Certificate substantially in the form of
Exhibit M-2 or Exhibit M-3, IRS Form W-9, or other certification documents from each beneficial owner, as applicable; provided that if the Foreign Recipient is a partnership and one or more direct or
indirect partners of such Foreign Recipient are claiming the portfolio interest exemption, such Foreign Recipient may provide a U.S. Tax Compliance Certificate substantially in the form of
Exhibit M-4 on behalf of each such direct and indirect partner; 

(5) Executed originals of any other form prescribed by applicable Laws as a basis for claiming exemption from or a reduction
in United States Federal withholding tax together with such supplementary documentation as may be prescribed by applicable Laws to permit the Borrower Parties or Administrative Agent to determine the withholding or deduction required to be made.

 (C) any Foreign Recipient shall, to the extent it is legally entitled to do so, deliver to Borrower and Administrative
Agent (in such number of copies as shall be requested by the recipient) on or prior to the date on which such Foreign Recipient becomes a Lender under this Credit Agreement (and from time to time thereafter upon the reasonable request of Borrower or
Administrative Agent), any other form prescribed by applicable Law as a basis for claiming exemption from or a reduction in U.S. federal withholding Tax, duly completed, together with such supplementary documentation as may be prescribed by
applicable Law to permit the Borrower Party or Administrative Agent to determine the withholding or deduction required to be made; and 

(D) if a payment made to a Recipient under any Loan Document would be subject to U.S. federal withholding Tax imposed by
FATCA if such Recipient 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 Recipient shall deliver to
Borrower and Administrative Agent at the time or times prescribed by Law and at such time or times reasonably requested by Borrower or 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 Borrower or Administrative Agent as may be necessary for Borrower and Administrative Agent to comply with their obligations under FATCA
and to determine that such Recipient has complied with such Recipient’s obligations under FATCA or to determine the amount to deduct and withhold from such payment. Solely for purposes of this clause (D), “FATCA”
shall include any amendments made to FATCA after the date of this Credit Agreement. 
 (iii) Each Recipient agrees that if
any form or certification it previously delivered pursuant to this Section 4.01 expires or becomes obsolete or inaccurate in any respect, it shall update such form or certification or promptly notify Borrower and Administrative
Agent in writing of its legal inability to do so. 

  
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 (f) Treatment of Certain Refunds. 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 Borrower Parties or with respect to which any Borrower Party has paid additional amounts pursuant to this
Section 4.01, it shall pay to such Borrower Party an amount equal to such refund (but only to the extent of indemnity payments made, or additional amounts paid, by such Borrower Party under this Section 4.01
with respect to the Taxes giving rise to such refund), 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 each Borrower Party, upon the request of such Recipient, agree to repay the amount paid over to any such Borrower Party (plus any penalties, interest or other charges imposed by the relevant Governmental Authority) to
such Recipient in the event such 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 a
Borrower Party 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 the Recipient to make available its tax
returns (or any other information relating to its taxes that it deems confidential) to the Borrower Parties or any other Person. 

(g) Defined Terms. For purposes of this Section 4.01, the term “Lender” includes any
Liquidity Provider and the term “applicable Law” includes FATCA (including any amendments thereto). 
 (h)
Survival. Each party’s obligations under this Section 4.01 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 other Obligations. 
 4.02 Illegality. If any Funding Party
determines that any Change in Law has made it unlawful, or that any Governmental Authority has asserted that it is unlawful, for any Funding Party or its applicable Lending Office to make, maintain or fund Loans whose interest is determined by
reference to the LIBOR Rate (whether denominated in Dollars or an Alternative Currency), or to determine or charge interest rates based upon any LIBOR Rate, or any Governmental Authority has imposed material restrictions on the authority of such
Funding Party to purchase or sell, or to take deposits of, Dollars in the applicable offshore interbank market, then, on notice thereof by such Funding Party to Borrower Parties through its Funding Agent and the Administrative
Agent: (a) any obligation of such Funding Party to make or continue Eurocurrency Rate Loans, or make Floating LIBOR Rate Loans, in the affected currency or currencies, or to convert Loans to Eurocurrency Rate Loans or Floating LIBOR Rate
Loans shall be suspended; and (b) if such notice asserts the illegality of such Funding Party making or maintaining Base Rate Loans for which the interest rate is determined by reference to the Floating LIBOR Rate component of the Base Rate,
the interest rate for Base Rate Loans made by such Funding Party shall, if necessary to avoid such illegality, be determined by Administrative Agent without reference to the Floating LIBOR Rate component of the Base Rate, in each case until such
Funding Party notifies its Funding Agent (which promptly notifies Administrative Agent and Borrower Parties) that the circumstances giving rise to such determination no longer exist. Upon receipt of such notice: (i) the applicable Borrower
Party shall, upon demand from such Funding Party (with a copy to Administrative 

  
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Agent), convert all Eurocurrency Rate Loans and Floating LIBOR Rate Loans of such Funding Party denominated in Dollars to Base Rate Loans (the interest rate for which shall, if necessary to avoid
such illegality, be determined by Administrative Agent without reference to the Floating LIBOR Rate component of the Base Rate), either on the last day of the Interest Period therefor, if such Funding Party may lawfully continue to maintain such
Loans to such day, or, if such Funding Party may not lawfully continue to maintain such Loans, immediately; and (ii) if such notice asserts the illegality of such Funding Party determining or charging interest rates based upon the LIBOR Rate,
Administrative Agent shall during the period of such suspension compute the Base Rate applicable to such Funding Party without reference to the Floating LIBOR Rate component thereof until Administrative Agent is advised in writing by such Funding
Party that it is no longer illegal for such Funding Party to determine or charge interest rates based upon the Floating LIBOR Rate. Upon any such conversion, each such Borrower Party shall also pay accrued interest on the amount so converted. 

4.03 Inability to Determine Rates. If in connection with any request for a Loan or a conversion to or continuation thereof: (a)
Administrative Agent determines that: (i) deposits (whether denominated in Dollars or an Alternative Currency) are not being offered to banks in the applicable offshore interbank market for such currency for the applicable amount and Interest Period
of such Loan; or (ii) adequate and reasonable means do not exist for determining LIBOR (A) for any requested Interest Period with respect to a proposed Eurocurrency Rate Loan (whether denominated in Dollars or an Alternative Currency) or (B) in
connection with an existing or proposed Base Rate Loan or Floating LIBOR Rate Loan (in each case, with respect to clause (a) above, the “Impacted Loans”); or (b) Administrative Agent or the Required
Lenders determine that for any reason the (i) Eurocurrency Rate for any requested Interest Period with respect to a proposed Eurocurrency Rate Loan or (ii) the Floating LIBOR Rate with respect to a proposed Floating LIBOR Rate Loan, does
not adequately and fairly reflect the cost to such Funding Parties of funding such Loan; Administrative Agent will promptly so notify Borrower Parties and each Funding Party. Thereafter: (x) the obligation of the Funding Parties, as
applicable, to make or maintain Eurocurrency Rate Loans or Floating LIBOR Rate Loans in the affected currency or currencies shall be suspended (to the extent of the affected Eurocurrency Rate Loans, Floating LIBOR Rate Loans or Interest Periods);
and (y) in the event of a determination described in the preceding sentence with respect to the Floating LIBOR Rate component of the Base Rate, the utilization of the Floating LIBOR Rate component in determining the Base Rate shall be
suspended, in each case until Administrative Agent (upon the instruction of the Required Lenders) revokes such notice. Upon receipt of such notice, any Borrower Party may revoke any pending request for a Borrowing of, conversion to or continuation
of Eurocurrency Rate Loans (to the extent of the affected Eurocurrency Rate Loans or Interest Periods) or of Floating LIBOR Rate Loans (to the extent of the affected Floating LIBOR Rate Loan) in the affected currency or currencies or, failing that,
will be deemed to have converted such request into a request for a Borrowing of Base Rate Loans, without reference to the Floating LIBOR Rate, in the amount specified therein. 

Notwithstanding the foregoing, if Administrative Agent has made the determination described in clause (a) of the first
sentence of this Section, Administrative Agent, in consultation with Borrower and the Required Lenders, may establish an alternative rate to be used in substitution for the LIBOR in calculating the interest rate for the Impacted Loans,
in which case such alternative rate shall apply in calculating interest with respect to the Impacted Loans until (1) Administrative Agent revokes the notice delivered with respect to the Impacted Loans under clause (a) of the
first sentence of this Section, (2) Administrative Agent or the Required Lenders notify Administrative Agent and Borrower that such alternative rate does not adequately and fairly reflect the cost to such Funding Parties of
funding the Impacted Loans, or (3) any Funding Party determines that any Law has made it unlawful, or that any Governmental Authority has asserted that it is unlawful, for such Funding Party or its applicable Lending Office to make, maintain or
fund Loans whose interest is determined by reference to such alternative rate or to determine or charge interest rates based upon such rate or any Governmental Authority has imposed 

  
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material restrictions on the authority of such Funding Party to do any of the foregoing and provides Administrative Agent and Borrower written notice thereof, provided, however,
that to the extent an alternative rate is approved by the Administrative Agent in connection herewith, the approved rate shall be applied in a manner consistent with market practice; provided, further, that to the extent such market
practice is not administratively feasible for the Administrative Agent, such approved rate shall be applied in a manner as otherwise reasonably determined by the Administrative Agent. 

4.04 Increased Costs Generally. 

(a) Change in Law. If any Change in Law shall: 

(i) impose, modify or deem applicable any reserve, special deposit, compulsory loan, insurance charge or similar requirement
against assets of, deposits with or for the account of, or credit extended or participated in by, any Funding Party; 
 (ii)
subject any Recipient to any Taxes (other than: (A) Indemnified Taxes; (B) Taxes described in clauses (b) through (e) of the definition of Excluded Taxes; and (C) Connection Income Taxes) on its loans, loan principal,
letters of credit, commitments, or other obligations, or its deposits, reserves, other liabilities or capital attributable thereto; 

(iii) result in the failure of the Mandatory Cost, as calculated hereunder, to represent the cost to any Funding Party of
complying with the requirements of the Bank of England and/or the Financial Services Authority or the European Central Bank in relation to its making, funding or maintaining Eurocurrency Rate Loans; or 

(iv) impose on any Funding Party or the London interbank market any other condition, cost or expense (other than Taxes)
affecting this Credit Agreement or Loans made by such Lender or made or funded by a Liquidity Provider under a Liquidity Agreement; 
 and
the result of any of the foregoing shall be to increase the cost to such Funding Party of making, converting, continuing, funding, or maintaining any Loan (or of maintaining its obligation to make or fund any such Loan or to advance funds under a
Liquidity Agreement), or to reduce the amount of any sum received or receivable by such Funding Party (whether of principal, interest or any other amount) then, upon request of such Funding Party (but in no event later than ten (10) Business
Days after receipt of a certificate provided under subsection (c) of this Section), the applicable Borrower Party will pay to such Funding Party such additional amount or amounts as will compensate such Funding Party
for such additional costs incurred or reduction suffered; provided, however, that if funds are not available to such Borrower Party in the Collateral Account, to the extent that it is necessary for Borrower to issue Capital Call
Notices to fund such required compensation, such payment shall be made within twenty (20) Business Days after receipt of a certificate provided under subsection (c) of this Section. 

(b) Capital Requirements. If any Funding Party determines that any Change in Law affecting such Funding Party, any
Lending Office of such Funding Party or such Funding Party’s holding company, if any, regarding capital requirements or liquidity has or would have the effect of reducing the rate of return on such Funding Party’s capital or on the capital
of such Funding Party’s holding company, if any, as a consequence of this Credit Agreement, the Commitments of such Funding Party or the Loans made by such Funding Party, or any obligation 

  
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to advance funds under a Liquidity Agreement, to a level below that which such Funding Party or such Funding Party’s holding company could have achieved but for such Change in Law (taking
into consideration such Funding Party’s policies and the policies of such Funding Party’s holding company with respect to capital adequacy and such Funding Party’s desired return on capital), then from time to time the applicable
Borrower Party will pay to such Funding Party such additional amount or amounts as will compensate such Funding Party or such Funding Party’s holding company for any such reduction suffered. 

(c) Certificates for Reimbursement. A certificate of a Funding Party setting forth the amount or amounts necessary to
compensate such Funding Party or its holding company, as the case may be, as specified in subsection (a) or (b) of this Section and delivered to a Borrower Party shall be conclusive absent manifest
error. In determining such amount, such Funding Party may use any reasonable averaging and attribution methods. 
 (d)
Delay in Requests. Failure or delay on the part of any Funding Party to demand compensation pursuant to the foregoing provisions of this Section 4.04 shall not constitute a waiver of such Funding Party’s right to
demand such compensation, provided that no Borrower Party shall be required to compensate a Funding Party pursuant to the foregoing provisions of this Section 4.04 for any increased costs incurred or reductions suffered
more than nine (9) months prior to the date that such Funding Party notifies Borrower Parties of the Change in Law giving rise to such increased costs or reductions and of such Funding Party’s intention to claim compensation therefor
(except that, if the Change in Law giving rise to such increased costs or reductions is retroactive, then the nine-month period referred to above shall be extended to include the period of retroactive effect
thereof). 
 (e) Additional Reserve Requirements. Borrower Parties shall pay to each Funding Party: (i) as long
as such Funding Party 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 Eurocurrency Rate Loan or Floating LIBOR Rate Loan equal to the actual costs of such reserves allocated to such Loan by such Funding Party (as determined by such Funding Party in good faith, which determination shall
be conclusive), and (ii) as long as such Funding Party shall be required to comply with any reserve ratio requirement or analogous requirement of any other central banking or financial regulatory authority imposed in respect of the maintenance
of the Commitments or the funding of the Eurocurrency Rate Loans or Floating LIBOR Rate 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 Funding Party (as determined by such Funding Party 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 Borrower Parties shall have received at least ten (10) days’ prior notice (with a copy to Administrative Agent) of such additional interest or costs from such Funding Party. If a Funding Party fails to give notice
ten (10) days prior to the relevant Interest Payment Date, such additional interest or costs shall be due and payable ten (10) days from receipt of such notice. 

4.05 Compensation for Losses. Upon demand of any Funding Party (with a copy to Administrative Agent) from time to time, each applicable
Borrower Party shall promptly compensate such Funding Party, as applicable, for and hold such Funding Party harmless from any loss, cost or expense (but excluding loss of anticipated profits) as determined by the applicable Funding Agent actually
incurred by it as a result of: 

  
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 (a) any continuation, conversion, payment or prepayment of any Loan other than a
Base Rate Loan or Floating LIBOR Rate Loan on a day other than the last day of the Interest Period for such Loan (whether voluntary, mandatory, automatic, by reason of acceleration, or otherwise); 

(b) any failure by such Borrower Party (for a reason other than the failure of such Funding Party to make a Loan) to prepay,
borrow, continue or convert any Loan, in accordance with the terms of this Credit Agreement, other than a Base Rate Loan or Floating LIBOR Rate Loan, on the date or in the amount notified by such Borrower Party ((including, in the case of any
Conduit Lender, pursuant to a Liquidity Agreement) by reason of the liquidation or reemployment of funds acquired by such Lender (or the applicable Liquidity Provider(s)) (including funds obtained by issuing commercial paper or promissory notes or
obtaining deposits or loans from third parties) in order to fund such Borrowing, continuation or conversion); 
 (c) any
failure by any Borrower Party to make payment of any Loan (or interest due thereon) denominated in an Alternative Currency on its scheduled due date or any payment thereof in a different currency; or 

(d) any assignment of a Eurocurrency Rate Loan or CP Rate Loan on a day other than the last day of the Interest Period therefor
as a result of a request by such Borrower Party pursuant to Section 13.13; 
 including any foreign exchange losses and any loss or
expense (excluding any loss of anticipated profits) arising from the liquidation or reemployment of funds obtained by it to maintain such Loan or from fees payable to terminate the deposits from which such funds were obtained or from the performance
of any foreign exchange contract. Each applicable Borrower Party shall also pay the customary administrative fees charged by such Lender or Liquidity Provider, as applicable, in connection with the foregoing. 

For purposes of calculating amounts payable by any Borrower Party to any applicable Funding Party under this Section 4.05,
each applicable Funding Party shall be deemed to have funded each Eurocurrency Rate Loan made by it at the Eurocurrency Rate for such Loan by a matching deposit or other Borrowing in the offshore interbank market for a comparable amount and for a
comparable period, whether or not such Eurocurrency Rate Loan was in fact so funded. In the case of a CP Rate Loan, the actual out-of-pocket loss to any Conduit Lender attributable to any such event shall be deemed to include an amount determined by
such Conduit Lender to be equal to the excess, if any, of (i) the interest that would have accrued on the principal amount of such CP Rate Loan from the date of such payment, conversion, failure or assignment to the last day of the then current
Interest Period for such Loan, if the interest rate payable on such amount were calculated by reference to the CP Rate for such Interest Period, over (ii) the sum of (x) to the extent all or a portion of such principal amount
remains outstanding hereunder, the amount of interest actually accrued during the remainder of such Interest Period on such principal amount, and (y) to the extent such principal amount does not remain outstanding hereunder, the income, if any,
actually received during the remainder of such period by the Conduit Lender from investing such portion of such principal amount. 
 With
respect to any Lender that is not a bank, the foregoing calculation shall be made using the rates that would be applicable to the applicable Funding Agent as a proxy for such Lender. A certificate of a Funding Party setting forth the amount or
amounts necessary to compensate such Funding Party or its holding company, as the case may be, as specified in this Section 4.05 and delivered to a Borrower Party shall be conclusive absent manifest error. 

  
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 4.06 Mitigation Obligations; Replacement of Funding Party. 

(a) Designation of a Different Lending Office. If any Funding Party requests compensation under
Section 4.04, or requires a Borrower Party to pay any Indemnified Taxes or additional amounts to any Funding Party or any Governmental Authority for the account of any Funding Party pursuant to Section 4.01, or
if any Funding Party gives a notice pursuant to Section 4.02, then, at the request of Borrower, such Funding Party shall 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 good faith judgment of such Funding Party, such designation or assignment: (i) would eliminate or reduce amounts payable pursuant
to Section 4.01 or Section 4.04, as the case may be, in the future, or eliminate the need for the notice pursuant to Section 4.02; and (ii) in each case, would not subject such Funding
Party to any unreimbursed cost or expense and would not otherwise be disadvantageous to such Funding Party. Borrower hereby agrees to pay all reasonable costs and expenses incurred by any Funding Party in connection with any such designation or
assignment. 
 (b) Replacement of Funding Party. If (i) any Funding Party requests compensation under
Section 4.04, (ii) any Borrower Party is required to pay Indemnified Taxes or any additional amounts to any Funding Party or any Governmental Authority for the account of any Funding Party pursuant to
Section 4.01 and in each case such Funding Party has declined or is unable to designate a different Lending Office in accordance with Section 4.06(a) or such designation does not eliminate or reduce amounts
payable pursuant to Section 4.01 to the same extent, (iii) any Committed Lender is unwilling or unable to fund Eurocurrency Rate Loans, (iv) any Committed Lender does not consent to an amendment or waiver under
Section 13.01 or (v) any Committed Lender becomes a Defaulting Lender, Borrower may, at its sole cost and effort, replace such Funding Party’s Lender Group in accordance with Section 13.13;
provided, however, that a Lender Group shall not be required to make any such assignment and delegation if, prior thereto, as a result of a waiver by such Funding Party or otherwise, the circumstances entitling Borrower to require such
assignment and delegation cease to apply. 
 4.07 Survival. Each Borrower Party’s obligations under this
Section 4 shall survive termination of the aggregate Commitments and repayment of all other Obligations hereunder or resignation of the Administrative Agent. 

 

	5.	SECURITY. 

 5.01 Liens and Security Interest. To secure performance by the
Borrower Parties of the payment and performance of the Obligations: (a) Borrower shall grant to Administrative Agent, for the benefit of each of the Secured Parties, a perfected, first priority (subject to Permitted Liens) security
interest and lien in and to the Collateral Account pursuant to a Collateral Account Assignment and a Deposit Account Control Agreement for the Collateral Account; and (b) Borrower shall grant to Administrative Agent, for the benefit of Secured
Parties, a perfected, first priority (subject to Permitted Liens) security interest and Lien in and to the Capital Calls, Capital Commitments, and Capital Contributions, including, without limitation (but subject to
Section 11.03), any rights to make Capital Calls, receive payment of Capital Commitments and enforce the payment thereof pursuant to a Security Agreement and to enforce the payment thereof or any guarantees thereof now existing or
hereafter arising (the collateral in clauses (a) and (b) of this Section 5.01 being (except as otherwise set forth below), collectively, the “Collateral”). In order to
secure further the payment and performance of the Obligations and to effect and facilitate Secured Parties’ rights of setoff, Borrower hereby irrevocably appoints Administrative Agent (for the benefit of the Secured Parties) as subscription
agent and the sole party entitled in the name of Borrower upon the occurrence and during the continuance of an Event of Default 

  
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(but subject to Section 11.03), to make any Capital Calls upon the Investors pursuant to (and to the extent permitted by) the terms of the applicable Subscription Agreements
and the Operating Agreement. 
 Notwithstanding the foregoing, the term “Collateral” shall not include (a) any
ERISA Investor Excluded Items if such provision of such ERISA Investor Excluded Item or the exercise of remedies with respect to such ERISA Investor Excluded Item would be a prohibited transaction for purposes of Section 406 of ERISA,
Section 4975 of the Internal Revenue Code or other applicable law, (b) the Capital Commitments or any assets, interests, rights or obligations of the SOX Insiders, if any, unless so elected by the Borrower Parties in their
discretion, (c) any Investment and (d) any funds properly withdrawn or transferred from the Collateral Account to the extent used for any purpose permitted under the Operating Agreement and this Credit Agreement, and the proceeds of such
withdrawn funds. 
 5.02 Collateral Account; Capital Calls. 

(a) Collateral Account. Borrower shall direct that all Investors wire-transfer to State Street Bank and Trust Company
(the “Depository”), for further credit to the Collateral Account, all monies or sums paid or to be paid by any Investor as Capital Contributions as and when Capital Contributions are called pursuant to the Capital Call
Notices. In addition, Borrower shall promptly, upon receipt, deposit in the Collateral Account any payments and monies that Borrower receives directly from the Investors as Capital Contributions. 

(b) No Duty. Notwithstanding anything to the contrary herein contained, it is expressly understood and agreed that
neither Administrative Agent nor any Secured Party undertakes any duties, responsibilities, or liabilities with respect to Capital Calls, and other than with respect to the mechanics for Administrative Agent, subject to
Section 11.03, to issue a Capital Call under the terms of the Operating Agreement, none of them shall be required to refer to the Constituent Documents of Borrower or take any other action with respect to any other matter which
might arise in connection with such Constituent Documents or the Subscription Agreements, or any Capital Call. None of them shall have any duty to determine or inquire into any happening or occurrence or any performance or failure of performance of
Borrower, or any Investor. None of them has any duty to inquire into the use, purpose, or reasons for the making of any Capital Call or with respect to the investment or the use of the proceeds thereof. 

(c) Capital Calls. In order that Secured Parties may monitor the Collateral and the Capital Commitments, Borrower shall
not issue any Capital Call Notice without delivering to Administrative Agent (which delivery may be by any one or more means of physical delivery, via facsimile or via email) promptly after the delivery of Capital Call Notice(s) to Investors, copies
of all such Capital Call Notices and a Borrowing Base Certificate pursuant to Section 9.01(f). 
 (d) Use of
Account. Borrower may withdraw funds from the Collateral Account at any time or from time to time, so long as at the time of such withdrawal or disbursement and after giving effect thereto: (i) there does not exist an Event of Default;
(ii) there does not exist a Default under Sections 11.01(a), 11.01(g) or 11.01(h); and (iii) the Principal Obligation does not exceed the Available Commitment (unless, in each case, Borrower
has directed that such disbursement be paid to Administrative Agent). Upon the exercise of a notice of control in accordance with Sections 11.02 and 11.03, pursuant to the terms of the Deposit Account Control
Agreement, Borrower hereby irrevocably authorizes and directs Secured Parties, acting through Administrative Agent, to charge from time to time its Collateral Account for amounts not paid when due (after the passage of any applicable grace period)
to Secured Parties or any of them hereunder or under the Notes. Regardless of any provision hereof, in the absence of bad faith, gross negligence or willful misconduct by Administrative Agent or Secured Parties, none of 

  
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Administrative Agent or Secured Parties shall ever be liable for failure to collect or for failure to exercise diligence in the collection, possession, or any transaction concerning, all or part
of the Capital Call Notices, Capital Commitments, or any Capital Contributions, or sums due or paid thereon. Administrative Agent shall give Borrower prompt notice of any action taken pursuant to this Section 5.02(d), but failure
to give such notice shall not affect the validity of such action or give rise to any defense in favor of Borrower with respect to such action. 

(e) Electronic Access to Collateral Account. In order to verify the deposits and withdrawals in each Collateral Account,
and in addition to any other information reasonably requested by Administrative Agent with respect to a Collateral Account (including monthly bank statements), Borrower shall cause the Depository to provide Administrative Agent with continuous
online monitoring access, effective as of the Closing Date. 
 (f) Other Accounts. Notwithstanding anything herein or
in any other Loan Document to the contrary, Borrower may maintain other bank accounts or securities accounts in addition to the Collateral Account that will not be considered “Collateral” or a “Collateral
Account” and such other accounts shall not be subject to control agreements or other restrictions, provided that, for avoidance of doubt, all Capital Contributions are directed and deposited as provided above. 

5.03 Confirmation of Liens. 

(a) Borrower hereby (i) confirms its intention that Administrative Agent, for the benefit of the Secured Parties, be
entitled to the benefit of the security interests created pursuant to the Security Agreement executed by Borrower (the “Existing Security Agreement”), and (ii) grants to Administrative Agent, for the benefit of the
Secured Parties, a security interest in the “Collateral” (as defined in such Security Agreement) to secure the Obligations, and such security interests shall be subject to the terms and conditions of such Security Agreement, the
terms and conditions of which are hereby incorporated herein by reference thereto. 
 (b) Borrower hereby (i) confirms
its intention that Administrative Agent, for the benefit of the Secured Parties, be entitled to the benefit of the security interests created pursuant to the Collateral Account Assignment executed by such Person (the “Existing Collateral
Account Assignment”), and (ii) grants to Administrative Agent, for the benefit of the Secured Parties, a security interest in the “Account” (as defined in such Collateral Account Assignment) to secure the
Obligations, and such security interests shall be subject to the terms and conditions of such Collateral Account Assignment, the terms and conditions of which are hereby incorporated herein by reference thereto. 

 

	6.	BORROWER GUARANTY. 

 6.01 Unconditional Guaranty of Payment. Borrower hereby
irrevocably, unconditionally and absolutely guarantees in favor of each Secured Party, the prompt payment when due of all interest, principal, fees, expenses and other amounts now or hereafter represented by, or arising in connection with all
Obligations of each Qualified Borrower now or hereafter arising (collectively, the “Guaranteed Debt”). The obligations of Borrower under this Section 6 are an unconditional guaranty of payment, and not a
guaranty of collection, and Administrative Agent may enforce Borrower’s obligations hereunder pursuant to Section 2.07 without first suing, or enforcing its rights or remedies against, any applicable Qualified Borrower or any
other obligor, or enforcing or collecting any present or future collateral security for the Guaranteed Debt. 

  
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 6.02 Waiver of Rights. Borrower hereby waives notice of: (a) the extension of
credit by Lenders or Liquidity Providers to any Qualified Borrower; (b) the occurrence of any breach or default by any Qualified Borrower in respect of the Guaranteed Debt; (c) the sale or foreclosure on any collateral for the Guaranteed
Debt; (d) the transfer of the Guaranteed Debt to any third party to the extent permitted under this Credit Agreement and to the extent that such notice is not required hereunder; and (e) all other notices, except as otherwise required
under this Credit Agreement. 
 6.03 No Discharge. For purposes of this Section 6, Borrower hereby consents and
agrees to, and acknowledges that its obligations hereunder shall not be released or discharged by, the following: (a) the renewal, extension, modification or alteration of any Guaranteed Debt or any related document or instrument;
(b) any forbearance or compromise granted to any Qualified Borrower by any Secured Party; (c) the insolvency, bankruptcy, liquidation or dissolution of any Qualified Borrower; (d) the invalidity, illegality or unenforceability of all
or any part of the Guaranteed Debt; (e) the full or partial release of any Qualified Borrower or any other obligor; (f) the release, surrender, exchange, subordination, deterioration, waste, loss or impairment of any collateral for the
Guaranteed Debt; (g) the failure of any Secured Party properly to obtain, perfect or preserve any security interest or lien in any such collateral; (h) the failure of any Secured Party to exercise diligence, commercial reasonableness or
reasonable care in the preservation, enforcement or sale of any such collateral; and (i) any other act or omission of any Secured Party or any Qualified Borrower which would otherwise constitute or create a legal or equitable defense in favor
of Borrower. 
 6.04 Subrogation. Notwithstanding anything to the contrary in this Section 6, until the Guaranteed
Debt (other than any part of the Guaranteed Debt that represents contingent contractual indemnities) has been paid in full, Borrower hereby irrevocably waives all rights it may have at law or in equity (including, without limitation, any law
subrogating Borrower to the rights of any Secured Party) to seek contribution, indemnification, or any other form of reimbursement from any Qualified Borrower, any other guarantor, or any other person now or hereafter primarily or secondarily liable
for any obligations of any Qualified Borrower to Secured Parties, for any disbursement made by Borrower under or in connection with the obligations with respect to the Guaranteed Debt under this Section 6,
Section 2.07 or otherwise. 
 6.05 Benefit. For purposes of this Section 6, Borrower represents
and warrants that it has received or will receive direct or indirect benefit from the making of this guaranty and the creation of the Guaranteed Debt, that Borrower is familiar with the financial condition of each Qualified Borrower and the value of
any collateral security for the Guaranteed Debt, and that no Secured Party has made any representations or warranties to Borrower in order to induce Borrower to execute this guaranty. 

6.06 Reinstatement. The obligations of Borrower under this Section 6 shall continue to be effective or be
reinstated, as the case may be, if at any time any payment of any of the Guaranteed Debt is rescinded or must otherwise be returned by a Secured Party, upon the insolvency, bankruptcy, reorganization, or dissolution of any Qualified Borrower, in
each case as though such payment had not been made. 
 6.07 Continuing Guarantee. The guarantees in this Section 6
are continuing guarantees, and shall apply to all Guaranteed Debt whenever arising. 
  

	7.	CONDITIONS PRECEDENT TO CREDIT EXTENSIONS. 

 7.01 Conditions to Amendment and
Restatement. The amendment and restatement of the Original Credit Agreement pursuant to and in the form of this Credit Agreement is subject to the following conditions precedent: 

  
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 (a) Documentation. Administrative Agent shall have received, on or before
the Closing Date, the following: 
 (i) Credit Agreement. This Credit Agreement, duly executed and delivered by
Borrower; 
 (ii) Notes. If requested pursuant to Section 3.01, Notes, drawn to the applicable Funding
Agent, duly executed and delivered by Borrower; 
 (iii) UCC Searches. Searches of UCC filings (or their equivalent)
in each jurisdiction where a filing has been or would need to be made in order to perfect the Secured Parties’ security interest in the Collateral, copies of the financing statements on file in such jurisdictions and evidence that no Liens
(other than Permitted Liens) have been filed on the Collateral, or, if necessary, copies of proper financing statements, if any, filed on or before the date hereof necessary to terminate all security interests and other rights of any Person in any
Collateral previously granted; and 
 (iv) Evidence of Authority. Such certificates of resolutions or other action,
incumbency certificates and/or other certificates of Responsible Officers of each Borrower Party as Administrative Agent may require to establish the identities of and verify the authority and capacity of each Responsible Officer thereof authorized
to act as a Responsible Officer in connection with this Credit Agreement and the other Loan Documents to which such Borrower Party is a party; 

(v) Constituent Documents. Such evidence as Administrative Agent may reasonably require to verify that each Borrower
Party is duly organized or formed, validly existing, in good standing, including certified copies of each such Person’s Constituent Documents, certificates of good standing; 

(vi) Responsible Officer Certificate. A certificate from a Responsible Officer of each Borrower Party, stating
that: (A) all of the representations and warranties contained in Section 8 and the other Loan Documents made by such Borrower Party are true and correct in all material respects as of such date; and (B) no event has
occurred and is continuing, or would result from the Credit Extension, which constitutes an Event of Default or, to its knowledge, a Default; 

(vii) Opinion of Counsel. A favorable opinion of Fried, Frank, Harris, Shriver & Jacobson LLP, counsel to the
Borrower Parties, covering such matters relating to the transactions contemplated hereby as reasonably requested by Administrative Agent, and in a form reasonably acceptable to Administrative Agent. The Borrower Parties hereby request that such
counsel deliver such opinion; 
 (viii) ERISA Deliverables. With respect to each Borrower Party, an Operating Company
Opinion (or a reliance letter addressed to Administrative Agent and the Lenders) from counsel to such Borrower Party, and each Borrower Party hereby requests that such counsel deliver such opinion(s); provided, however, if a Borrower Party does not
intend to qualify as an Operating Company in order to avoid holding Plan Assets, then such Borrower Party may deliver a No Plan Asset Certificate to Administrative Agent in lieu of providing an Operating Company Opinion; 

  
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 (ix) Investor Documents. Administrative Agent shall have received from
each Investor a copy of such Investor’s duly executed Subscription Agreement and Side Letter, if any; and 
 (b)
Fees; Costs and Expenses. Payment of all fees and other amounts due and payable by any Borrower Party to Administrative Agent, Arranger or Lenders on or prior to the date hereof and, to the extent invoiced, reimbursement or payment of all
reasonable out-of-pocket expenses required to be reimbursed or paid by any Borrower Party hereunder, including, without limitation, the reasonable fees and disbursements invoiced through the date hereof of Administrative Agent’s special
counsel, Haynes and Boone, LLP. 
 Without limiting the generality of the provisions of the last paragraph of
Section 12.03, for purposes of determining compliance with the conditions specified in this Section 7.01, each Lender that has signed this Credit Agreement shall be deemed to have consented to, approved or
accepted or to be satisfied with, each document or other matter required thereunder to be consented to or approved by or acceptable or satisfactory to a Lender unless Administrative Agent shall have received notice from such Lender prior to the
proposed Closing Date specifying its objection thereto. 
 For avoidance of doubt, Section 7.01(a)(ix) was satisfied as of
the Closing Date by the documents delivered under the Original Credit Agreement. 
 7.02 All Loans. The obligation of each Lender to
honor any Loan Notice (other than a Loan Notice requesting only a conversion of Loans to the other Type of Loan, or a continuation of Eurocurrency Rate Loans) is subject to the following conditions precedent: 

(a) Representations and Warranties. The representations and warranties of each Borrower Party contained in
Section 8 or in any other Loan Document, or which are contained in any document furnished at any time or in connection herewith or therewith, shall be true and correct in all material respects on and as of the date of any such Credit Extension,
except to the extent that such representations and warranties specifically refer to an earlier date, in which case they shall be true and correct in all material respects as of such earlier date, and except that for purposes of this
Section 7.02(a), the representations and warranties contained in Section 8.06 shall be deemed to refer to the most recent financial statements furnished pursuant to clauses (a) and
(b), respectively, of Section 9.01; 
 (b) No Default. No Event of Default or Default
exists at such date or would result from such Credit Extension; and 
 (c) Loan Notice. In the case of a Borrowing,
Administrative Agent shall have received a Loan Notice together with a Borrowing Base Certificate; 
 (d) Material Adverse
Effect. No changes to any Borrower Party have occurred at such date, or would result from such Credit Extension, which would reasonably be expected to result in a Material Adverse Effect; and 

(e) Alternative Currencies. In the case of a Credit Extension to be denominated in an Alternative Currency, there shall
not have occurred any change in national or international financial, political or economic conditions or currency exchange rates or exchange controls which in the reasonable opinion of Administrative Agent or the Required Lenders (in the case of any
Loans to be denominated in an Alternative Currency), and upon reasonable advance notice to the Borrower, would make it impracticable for such Credit Extension to be denominated in the relevant Alternative Currency. 

  
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 Each Loan Notice (other than a Loan Notice requesting only a conversion of Loans to the other Type
of Loan, or a continuation of Eurocurrency Rate Loans) submitted by a Borrower Party shall be deemed to be a representation and warranty that the conditions specified in Sections 7.02(a) and 7.02(b) have been
satisfied on and as of the date of the applicable Credit Extension. 
 7.03 Qualified Borrower Loans. The obligation of
each Lender to advance a Loan to a Qualified Borrower (which has not previously satisfied the conditions contained in this Section 7.03 or is not a Qualified Borrower as of the date of this Credit Agreement) is subject to the
conditions that: 
 (a) Joinder Agreement. Administrative Agent shall have received a Joinder Agreement duly completed
and executed by such Qualified Borrower, and Administrative Agent shall have not received written notice from any Lender with respect to its inability to lend or otherwise extend credit to such Qualified Borrower due only to legal or regulatory
restrictions (based on a reasonable and good faith determination by such Lender); 
 (b) Authorizations of Qualified
Borrower. Administrative Agent shall have received from the Qualified Borrower appropriate evidence of the authorization of the Qualified Borrower approving the execution, delivery and performance of the Joinder Agreement, duly adopted by such
Qualified Borrower, as required by law or agreement, and accompanied by a certificate of an authorized Person of such Qualified Borrower stating that such authorizations are true and correct, have not been altered or repealed and are in full force
and effect; 
 (c) Incumbency Certificate. Administrative Agent shall have received from the Qualified Borrower a
signed certificate of the appropriate Person of the Qualified Borrower which shall certify the names of the Persons authorized to sign the Joinder Agreement and the other documents or certificates to be delivered pursuant to the terms hereof by such
Qualified Borrower, together with the true signatures of each such Person; 
 (d) Borrower Guaranty. Administrative
Agent shall have received confirmation by Borrower, pursuant to the Joinder Agreement, with respect to its obligations under Section 6 with respect to such Qualified Borrower; 

(e) Opinion of Counsel to Qualified Borrower. Administrative Agent shall have received a favorable opinion of
counsel for the Qualified Borrower, in form and substance reasonably satisfactory to Administrative Agent and addressed to Administrative Agent for the benefit of Secured Parties. Each Qualified Borrower hereby directs its counsel to prepare and
deliver such legal opinion to Administrative Agent for the benefit of Secured Parties; 
 (f) “Know Your
Customer” Information and Documents. At least three (3) Business Days prior to initially advancing any Loan to a Qualified Borrower, delivery to Administrative Agent for distribution to each Lender, (i) true and complete
copies of the Constituent Documents of such Qualified Borrower, (ii) the name and address of each Person that has an ownership interest in such Qualified Borrower of at least 25% (or such lesser percentage as may be required from time to time
for KYC Compliance), and the percentage of such Qualified Borrower owned by such Person, (iii) the name of each director (or equivalent) of such Qualified Borrower, (iv) to the extent available, the most recent financial statements for
such Qualified Borrower or the most recent annual report of such Qualified Borrower, and (v) any other information pertaining to such Qualified Borrower as reasonably requested by any Lender with reasonable advance notice; 

  
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 (g) Fees, Costs and Expenses. Payment of all fees and other invoiced
amounts due and payable by any Borrower Party on or prior to the date of the Joinder Agreement, to the extent invoiced, reimbursement or payment of all reasonable expenses required to be reimbursed or paid by Borrower pursuant to
Section 13.06; and 
 (h) Additional Information. Administrative Agent shall have received such
other information and documents as may reasonably be required by Administrative Agent and its counsel. 
 8. REPRESENTATIONS AND WARRANTIES. To
induce Lenders to make the Loans hereunder, each Borrower Party, as applicable, represents and warrants to Lenders that: 
 8.01
Organization and Good Standing of Borrower. Borrower is a limited liability company duly organized and validly existing under the laws of the State of Delaware. Each Borrower Party has the requisite power and authority to own its properties
and assets and to carry on its business as now conducted, and is qualified to do business in each jurisdiction where the nature of the business conducted or the property owned or leased requires such qualification except where the failure to be so
qualified to do business would not reasonably be expected to have a Material Adverse Effect. 
 8.02 Authorization and Power. Each
Borrower Party has the partnership, limited liability company or corporate power, as applicable, and requisite authority to execute, deliver, and perform their respective obligations under, and to consummate the transactions contemplated in, this
Credit Agreement, the Notes, and the other Loan Documents to be executed by it. Each Borrower Party is duly authorized to, and has taken all partnership, limited liability company and corporate action, as applicable, necessary to authorize each of
them to execute, deliver, and perform their respective obligations under, and to consummate the transactions contemplated in, this Credit Agreement, the Notes, and such other Loan Documents and are and will continue to be duly authorized to perform
their respective obligations under this Credit Agreement, the Notes, and such other Loan Documents. 
 8.03 No Conflicts or Consents.
None of the execution and delivery of this Credit Agreement, the Notes, or the other Loan Documents, the consummation of any of the transactions herein or therein contemplated, or the compliance with the terms and provisions hereof or with the terms
and provisions thereof, will contravene or conflict, in any material respect, with any provision of law, statute, or regulation to which any Borrower Party is subject, or any of the Constituent Documents of any Borrower Party, or any judgment,
license, order, or permit applicable to any Borrower Party or any indenture, mortgage, deed of trust, or other agreement or instrument to which any Borrower Party is a party or by which any Borrower Party is bound, or to which any Borrower Party may
be subject, nor will such execution, delivery, consummation or compliance result in the creation or imposition of a Lien (other than Permitted Liens) on any of the properties or assets of any Borrower Party or any of its Subsidiaries or Affiliates.
No consent, approval, authorization, or order of any court or Governmental Authority or material consent of any third party is required in connection with the execution and delivery, or performance, by any Borrower Party of the Loan Documents or to
consummate the transactions contemplated hereby or thereby. 
 8.04 Enforceable Obligations. This Credit Agreement, the Notes and the
other Loan Documents to which it is a party are the legal and binding obligations of each Borrower Party, enforceable in accordance with their respective terms, subject to Debtor Relief Laws and equitable principles. 

  
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 8.05 Priority of Liens. The Collateral Documents create, as security for the Obligations,
valid and enforceable, exclusive, first priority security interests in and Liens on all of the Collateral in which any Borrower Party has any right, title or interest, in favor of Administrative Agent for the benefit of Secured Parties, subject to
no other Liens (other than Permitted Liens), except as enforceability may be limited by Debtor Relief Laws and equitable principles. 
 8.06
Financial Condition. Borrower has delivered to Administrative Agent (a) the most-recently available copies of the financial statements and reports described in Section 9.01, certified as true and correct by a
Responsible Officer of Borrower; or (b) with respect to such requirement on the Closing Date, if such statements and reports are not then available, such information about the financial position of Borrower, if any, as the Administrative Agent
shall have reasonably requested. Such financial statements fairly present, in all material respects, the financial condition of Borrower and its consolidated Subsidiaries, if any, as of the applicable date of such financial statements, and have been
prepared in accordance with GAAP, except as provided therein. 
 8.07 Full Disclosure. There is no material fact actually known to a
Responsible Officer of a Borrower Party that any Borrower Party has not disclosed to Administrative Agent in writing (other than information of a general industry or economic nature) which would reasonably be expected to result in a Material Adverse
Effect. No information heretofore furnished by any Borrower Party in connection with, or pursuant to, this Credit Agreement, the other Loan Documents or any transaction contemplated hereby or thereby (taken as a whole) contains any untrue statement
of a material fact on the date as of which such information is stated or deemed stated that would reasonably be expected to result in a Material Adverse Effect. 

8.08 No Default. Except as disclosed to the Administrative Agent in writing, no event has occurred and is continuing which constitutes
an Event of Default or a Default. 
 8.09 No Litigation. There are no actions, suits, investigations or legal, equitable, arbitration
or administrative proceedings by or before any arbitrator or Governmental Authority pending, or to the actual knowledge of a Responsible Officer of any Borrower Party, threatened, against any Borrower Party that would reasonably be expected to
result in a Material Adverse Effect. 
 8.10 Material Adverse Change. No changes to any Borrower Party have occurred since the date
of the most recent audited financial statements of such Borrower Party delivered to Lenders which would reasonably be expected to result in a Material Adverse Effect. 

8.11 Taxes. To the extent that failure to do so would reasonably be expected to have a Material Adverse Effect, all tax returns
required to be filed by any Borrower Party in any jurisdiction have been filed, subject to any applicable extensions without penalty, and all Taxes shown thereon have been paid prior to the time that such Taxes could give rise to a Lien thereon,
other than Taxes that are being contested in good faith by appropriate proceedings and for which appropriate reserves have been established. There is no proposed Tax assessment against any Borrower Party (or any basis for such Tax assessment) which
would reasonably be expected to result in a Material Adverse Effect. 
 8.12 Jurisdiction Formation; Principal Office. The
jurisdiction of formation of Borrower is Delaware, and the principal office, chief executive office and principal place of business of Borrower is at 865 S. Figueroa Street, Los Angeles, California 90017. 

8.13 ERISA Compliance. (a) No Borrower Party nor any ERISA Affiliate has established, maintains, contributes to, or has any
liability (contingent or otherwise) with respect to, any Plan; (b) the underlying assets of each Borrower Party do not constitute Plan Assets; and (c) assuming that no portion 

  
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of the assets used by any Lender in connection with the transactions contemplated under the Loan Documents constitutes the assets of any “employee benefit plan” (within the
meaning of Section 3(3) of ERISA) that is subject to Title I of ERISA or a “plan” within the meaning of Section 4975 of the Code, none of the transactions contemplated under the Loan Documents constitutes a
“non-exempt prohibited transaction” under Section 4975(c)(1)(A), (B), (C) or (D) of the Code or Section 406(a) of ERISA that could subject Administrative Agent or the Lenders to any tax,
penalty, damages or any other claim or relief under the Code or ERISA. 
 8.14 Compliance with Law. Each Borrower Party is, to the
best of its knowledge, in compliance in all respect with all laws, rules, regulations, orders, and decrees which are applicable to such Borrower Party or its respective properties, except where non-compliance would not reasonably be expected to have
a Material Adverse Effect. 
 8.15 Hazardous Substances. No Borrower Party: (a) has received any notice or other
communication or otherwise learned of any Environmental Liability which would individually or in the aggregate reasonably be expected to have a Material Adverse Effect arising in connection with: (i) any non-compliance with or violation of
the requirements of any Environmental Law by a Borrower Party, or any permit issued under any Environmental Law to such Borrower Party; or (ii) the Release or threatened Release of any Hazardous Material into the environment; and (b) to
the knowledge of a Responsible Officer, has threatened or actual liability in connection with the Release or threatened Release of any Hazardous Material into the environment which would individually or in the aggregate reasonably be expected to
have a Material Adverse Effect. 
 8.16 Reserved. 

8.17 Company Structure. As of the Closing Date and as the date of the most recent Compliance Certificate delivered pursuant to this
Credit Agreement, the Members of Borrower and their Capital Commitments are set forth in the Investor Classification Letter. 
 8.18
Capital Commitments and Contributions. There are no Capital Call Notices outstanding except as otherwise disclosed to Administrative Agent in accordance with the terms hereof. Except as notified to Administrative Agent in accordance with the
terms of this Credit Agreement, to the actual knowledge of a Responsible Officer of the Borrower, no Investor is in material default under the Operating Agreement or its Subscription Agreement and Borrower has satisfied or will satisfy all
conditions to its rights to make a Capital Call, including any and all conditions contained in its Constituent Documents or the Subscription Agreements. Each Side Letter that has been executed by an Investor and Borrower has been provided to
Administrative Agent. 
 8.19 Fiscal Year. The fiscal year of each Borrower Party is the calendar year, except as may be changed in
accordance with Section 10.03. 
 8.20 Investment Company Act. No Borrower Party is required to be registered as
an “investment company” within the meaning of the Investment Company Act of 1940, as amended. 
 8.21 Margin Stock. No
Borrower Party is engaged nor will engage, principally or as one of its important activities, in the business of purchasing or carrying margin stock (within the meaning of Regulation U), or extending credit for the purpose of purchasing or carrying
margin stock. Following the application of the proceeds of each Borrowing, not more than twenty-five percent (25%) of the value of the assets of any Borrower Party only or of such Borrower Party and its Subsidiaries on a consolidated basis will
be margin stock. 

  
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 8.22 No Defenses. Except as notified to Administrative Agent in accordance with the terms
of this Credit Agreement, no Responsible Officer of Borrower knows of any default or circumstance which with the passage of time and/or giving of notice would constitute a default under the Operating Agreement or the Subscription Agreements which
would constitute a defense to the obligations of its Investors to make Capital Contributions to the Borrower in accordance with the Subscription Agreements or the Operating Agreement, and no Responsible Officer of Borrower has actual knowledge of
any claims of offset or any other claims of any Investor against Borrower which would or could materially and adversely affect the obligations of such Investor to make Capital Contributions and fund Capital Calls in accordance with the Subscription
Agreements (and any related Side Letters between the Investors and Borrower which have been provided to the Administrative Agent) or the Operating Agreement. 

8.23 Foreign Asset Control Laws. To the extent required by law, each Borrower Party has policies and procedures in place which are
reasonably designed to comply with all applicable United States anti-money laundering laws and regulations, including, without limitation, applicable provisions of the USA Patriot Act of 2001 (“KYC Compliance”). Prior to the
Closing Date, each Investor has satisfied KYC Compliance. 
 8.24 OFAC. No Borrower Party, nor any of their respective Subsidiaries,
nor, to the knowledge of any such Borrower Party, any director, officer, employee, agent, affiliate or representative thereof, is an individual or entity currently the subject of any Sanctions and with which dealings are prohibited under such
Sanctions, nor is any Borrower Party or any Subsidiary located, organized or resident in a Designated Jurisdiction. Borrower shall ensure appropriate controls and safeguards are in place designed to prevent proceeds of any Loan from being used
contrary to the provisions contained in Section 10.11. 
 8.25 Subscription Facility. Borrower confirms that the
Transactions are permitted under Section 4.3.1 of the Operating Agreement. 
 9. AFFIRMATIVE COVENANTS. So long as Lenders have any commitment
to lend hereunder, and until payment in full of the Notes and the Loans and all interest, fees, and other amounts (other than in respect of contingent indemnification and expense reimbursement obligations for which no claim has been made) then owing
under this Credit Agreement and the other Loan Documents, each Borrower Party, as applicable, agrees that, unless Administrative Agent shall otherwise consent in writing based upon the approval of the Required Lenders (unless the approval of
Administrative Agent alone or a different number of Lenders is expressly permitted below): 
 9.01 Financial Statements, Reports and
Notices. The Borrower, for itself and the other Borrower Parties, shall deliver to Administrative Agent sufficient copies for each Lender of the following: 

(a) Annual Statements. As soon as reasonably available and in any event within one hundred twenty (120) days after
the end of each fiscal year of Borrower, audited, unqualified financial statements of Borrower and its consolidated Subsidiaries, if any, as of the end of such fiscal year and the related consolidated statements of operations for such fiscal year
prepared by independent public accountants of nationally recognized standing; 
 (b) Quarterly Statements. As soon as
available and in any event within sixty (60) days after the end of each of the first three quarters of each fiscal year of Borrower, an unaudited consolidated balance sheet of Borrower and its consolidated Subsidiaries, as of the end of such
quarter and the related unaudited consolidated statements of operations for such quarter and for the portion of Borrower’s fiscal year ended at the end of such quarter; 

  
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 (c) Compliance Certificate. Simultaneously with the delivery of each set
of financial statements referred to in clauses (a) and (b) above, a certificate (a “Compliance Certificate”) of a Responsible Officer of Borrower substantially in the form of
Exhibit G attached hereto (with blanks appropriately completed in conformity herewith and executed by such Responsible Officer to his or her actual knowledge, and which delivery may be by electronic communication including fax or
email and shall be deemed to be an original authentic counterpart thereof for all purposes): (i) stating that each such Responsible Officer is familiar with the terms and provisions of the Loan Documents, and has made, or caused to be made
under his or her supervision, a detailed review of the transactions and condition (financial or otherwise) of Borrower Parties during the period covered by such Compliance Certificate; (ii) certifying that such financial statements fairly
present in all material respects the financial condition and the results of operations of the Borrower Parties on the dates and for the periods indicated, on the basis of GAAP, subject, in the case of interim financial statements, to normally
recurring year-end adjustments and absence of footnotes; (iii) stating that the Borrower Parties are in compliance with the covenants set forth in Section 10.10, and containing the calculations evidencing such compliance;
(iv) stating whether any Event of Default or Default exists on the date of such certificate and, if any Event of Default or Default then exists, setting forth the details thereof and the action which the applicable Borrower Party is taking or
propose to take with respect thereto; (v) specifying known changes, if any, in the name of any Investor or in the identity of any Investor, by merger or otherwise; (vi) listing all Subsequent Investors under
Section 10.05(d)(z), if any, and any Subsequent Investors that have not satisfied the conditions of Section 10.05(d); (vii) including a report, as prepared for Investors in connection with such financial
statements (including, as the case may be, information regarding Investments); and (viii) listing Borrowing Base Investors which, to the knowledge of the Borrower have been subject to an Exclusion Event and the nature of such Exclusion Event;

 (d) Notices Affecting Available Commitment. Promptly and in any event within five (5) Business Days after
the delivery of any Initial Notice, a notice setting forth each Investor that has delivered such Initial Notice and the details thereof. 

(e) Spin-Off Notice. (i) At least twenty-five (25) Business Days prior to the effective date of any
Spin-Off, notice of such Spin-Off together with such other information related thereto as reasonably requested by Administrative Agent, and to the extent available for disclosure (a “Spin-Off Notice”), and (ii) promptly
upon determination thereof (but in no event less than ten (10) Business Days prior to the effective date of such Spin-Off), a Borrowing Base Certificate from a Responsible Officer of the Borrower containing information, on a pro forma basis, as
of the effective date of (and after giving effect to) such Spin-Off; and 
 (f) Borrowing Base Certificate. On or
prior to the seventh (7th) calendar day of each month (or if such day is not a Business Day, the next Business Day), concurrently with each Loan Notice, on or before
five (5) Business Days after each Capital Call Notice and, promptly (and in any event within three (3) Business Days) after the occurrence of any Exclusion Event and a Responsible Officer of the Borrower obtaining actual knowledge
thereof, a Borrowing Base Certificate from a Responsible Officer of the Borrower; 
 (g) Reserved. 

(h) Reporting Relating to Investors. Except as otherwise provided for herein with respect to delivery of specific
documentation, promptly upon the receipt thereof, copies of all material information and other material correspondence received by each Borrower Party from the Investors, including, without limitation, notices of default, notices of withdrawal,
notices relating in any way to an Investor’s funding obligation and any notice containing any reference to misconduct of any Borrower Party; 

  
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 (i) Other Reporting. Except as otherwise provided for herein with respect
to delivery of specific documentation, promptly upon delivery to the Investors, copies of all material notices, and other matters of a material nature generally furnished to Investors, including, without limitation, any notice of default, notice of
election or exercise of any rights or remedies under the Subscription Agreements, the Operating Agreement or the Constituent Documents of any Borrower Party, or any notices relating in any way to any Investor’s Capital Commitment; and 

(j) ERISA Deliverables. 

(i) Unless an Operating Company Opinion has previously been delivered to Administrative Agent in accordance with
Section 7.01(a)(viii) or this Section 9.01(j), each Borrower Party, as applicable, shall deliver to Administrative Agent an Operating Company Opinion in a form reasonably acceptable to Administrative Agent on or
before the date, if any, that such Borrower Party would hold Plan Assets absent qualification as an Operating Company. 

(ii) To the extent a Borrower Party has delivered to Administrative Agent an Operating Company Opinion pursuant to
Section 7.01(a)(viii) or this Section 9.01(j), by the forty-fifth (45th) day of each Annual Valuation Period of such Borrower Party, such Borrower Party shall deliver
to Administrative Agent an Operating Company Certificate. 
 (iii) If a Borrower Party does not intend to qualify as an
Operating Company in order to avoid holding Plan Assets, then at the times a Compliance Certificate is delivered to Administrative Agent pursuant to Section 9.01(c), such Borrower Party shall deliver a No Plan Asset Certificate to
Administrative Agent in lieu of providing an Operating Company Opinion or Operating Company Certificate. 
 9.02 Payment of Taxes.
Each Borrower Party will pay and discharge all taxes, assessments, and governmental charges or levies imposed upon it, upon its income or profits, or upon any property belonging to it before delinquent, if such failure would have a Material Adverse
Effect; provided, however, that no Borrower Party shall be required to pay any such tax, assessment, charge, or levy if and so long as the amount, applicability, or validity thereof shall currently be contested in good faith by
appropriate proceedings and appropriate reserves therefor have been established. 
 9.03 Maintenance of Existence and Rights. Each
Borrower Party will preserve and maintain its existence. Each Borrower Party shall further preserve and maintain all of its rights, privileges, and franchises necessary to the normal conduct of its business and in accordance with all valid
regulations and orders of any Governmental Authority the failure of which would reasonably be expected to have a Material Adverse Effect. 

9.04 Notice of Default or Key Person Event. Each Borrower Party will furnish to Administrative Agent, promptly upon becoming aware of
the existence of any condition or event which constitutes an Event of Default or a Default, a written notice specifying the nature and period of existence thereof and the action which the applicable Borrower Party is taking or proposes to take with
respect thereto. Each Borrower Party shall promptly notify Administrative Agent in writing upon becoming aware: (a) that any Investor has violated or breached any material term of the Operating Agreement or has become a Defaulting
Investor; or (b) of the existence of any condition or event which, with the lapse of time or giving of notice or both, would cause an Investor to become a Defaulting Investor. Borrower shall promptly notify Administrative Agent in writing upon
becoming actually aware of the occurrence of a Key Person Event. 

  
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 9.05 Other Notices. Each Borrower Party will, promptly upon a Responsible Officer’s
of actual knowledge thereof, notify Administrative Agent of any of the following events that would reasonably be expected to result in a Material Adverse Effect: (a) any change in the financial condition or business of such Borrower Party;
(b) any default under any material agreement, contract, or other instrument to which such Borrower Party is a party or by which any of its properties are bound, or any acceleration of the maturity of any material indebtedness owing by such
Borrower Party; (c) any material uninsured claim against or affecting such Borrower Party or any of its properties; or (d) the commencement of, and any material determination in, any litigation with any third party or any proceeding before
any Governmental Authority affecting such Borrower Party. 
 9.06 Compliance with Loan Documents and Operating Agreement. Unless
otherwise approved in accordance with the terms of this Credit Agreement (which approval, by such terms, may require more or fewer Lenders than the Required Lenders), each Borrower Party will promptly comply in all material respects with any and all
covenants and provisions of this Credit Agreement, the Notes, all of the other Loan Documents executed by it and its Constituent Documents. Each Borrower Party will use the proceeds of any Capital Call Notices only for such purposes as are permitted
by its Constituent Documents. 
 9.07 Books and Records; Access. Each Borrower Party upon reasonable notice to such Borrower Party
and at reasonable intervals will give one joint representative of Administrative Agent and Lenders (and upon the occurrence and during the continuation of an Event of Default, representatives of Administrative Agent and all Lenders), access during
all business hours to, and permit representatives to examine, copy, or make excerpts from, any and all books, records, and documents in the possession of such Borrower Party and relating to its affairs, and to inspect any of the properties of such
Borrower Party. All costs of any such inspection shall be paid by the inspecting party unless an Event of Default exists at the time of such inspection, subject to compliance with Section 13.18. 

9.08 Compliance with Law. Each Borrower Party will comply in all respects with all laws, rules, regulations, and all orders of any
Governmental Authority, including without limitation, Environmental Laws and ERISA, except where non-compliance would not reasonably be expected to result in a Material Adverse Effect. 

9.09 Insurance. Each Borrower Party will maintain insurance on its present and future properties, assets, and business against such
casualties, risks, and contingencies, and in such types and amounts, as are customarily maintained by companies engaged in the same or similar businesses operating in the same or similar locations, the failure of which to maintain would have a
Material Adverse Effect. 
 9.10 Authorizations and Approvals. Each Borrower Party will promptly obtain, from time to time at its own
expense, all such governmental licenses, authorizations, consents, permits and approvals as may be required to enable such Borrower Party to comply in all material respects with their respective obligations hereunder and under the other Loan
Documents, the Subscription Agreements and their respective Constituent Documents. 
 9.11 Maintenance of Liens. Each Borrower Party
shall perform all such acts and execute all such documents as Administrative Agent may reasonably request in order to enable Secured Parties to report, file, and record every instrument that Administrative Agent may reasonably deem necessary in
order to perfect and maintain Secured Parties’ liens and security interests in the Collateral and otherwise to preserve and protect the rights of Secured Parties. 

  
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 9.12 Further Assurances. Each Borrower Party will make, execute or endorse, and
acknowledge and deliver or file or cause the same to be done, all such vouchers, invoices, notices, certifications, and additional agreements, undertakings, conveyances, transfers, assignments, financing statements, or other assurances, and take any
and all such other action, as Administrative Agent may, from time to time, may reasonably deem necessary in connection with this Credit Agreement or any of the other Loan Documents, the obligations of each Borrower Party hereunder or thereunder, or
for better assuring and confirming unto Secured Parties all or any part of the security for any of such obligations anticipated herein. 

9.13 Investor Financial and Rating Information. Each Borrower Party shall request, from each Investor, financial information required
under the Operating Agreement, as agreed from time to time with Administrative Agent, and shall, upon receipt of such information, promptly deliver same to Administrative Agent, or shall promptly notify Administrative Agent of its failure to timely
obtain such information. The Borrower Parties will promptly notify Administrative Agent in writing (but in no event later than five (5) Business Days) after a Responsible Officer of such Borrower Party becoming aware of any Exclusion Event.

 9.14 Covenants of Qualified Borrowers. 

(a) The covenants and agreements of Qualified Borrowers hereunder shall be binding and effective with respect to a Qualified
Borrower upon and after the execution and delivery of a Joinder Agreement by such Qualified Borrower. 
 (b) At any time and
from time to time, but only for so long as no Event of Default shall then exist, the Borrower may notify the Administrative Agent (each, a “Removal Notice”) that one (1) or more Qualified Borrowers are to be removed as a
Borrower Party hereunder. Such Removal Notice shall be given to the Administrative Agent at least the same number of Business Days required for an optional prepayment hereunder prior to the proposed removal date contained in the Removal Notice and
shall be accompanied by a Borrowing Base Certificate (completed and signed by a Responsible Officer). Upon the Borrower’s compliance with the foregoing and the Administrative Agent’s receipt of a payment equal to all of such Qualified
Borrower’s Obligations hereunder, such Qualified Borrower shall be released from its obligations under this Credit Agreement and the other Loan Documents; provided, however, that any such release of a Qualified Borrower shall only
be effective as to Obligations thereof arising after the applicable removal date. 
 10. NEGATIVE COVENANTS. So long as Lenders have any commitment
to lend hereunder, and until payment in full of the Notes and the Loans and all interest, fees, and other amounts then owing (other than in respect of contingent indemnification and expense reimbursement obligations for which no claim has been made)
under this Credit Agreement and the other Loan Documents, each Borrower Party, as applicable, agrees that, without the written consent of Administrative Agent, based upon the approval of Required Lenders (unless the approval of Administrative Agent
alone or a different number of Lenders is expressly permitted below): 
 10.01 Mergers; Dissolution. Borrower will not merge or
consolidate with or into any Person, unless Borrower is the surviving entity, no Qualified Borrower will merge or consolidate with or into any Person, unless Borrower, such Borrower Party, or another Borrower Party is the surviving entity. No

  
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Borrower Party will take any action to dissolve or terminate such Borrower Party, including, without limitation, any action to sell or dispose of all or substantially all of the property of such
Borrower Party. 
 10.02 Negative Pledge. Without the approval of all Lenders, no Borrower Party will create or suffer to exist any
Lien upon the Collateral, other than a first priority security interest in and upon the Collateral to Secured Parties and the other Permitted Liens. For the avoidance of doubt, Investments are not part of the Collateral, and the Borrower Parties are
not restricted hereby from granting Liens thereon. 
 10.03 Fiscal Year and Accounting Method. Without prior written notice to
Administrative Agent, no Borrower Party will change its fiscal year or change in any material respect its method of accounting. No Borrower Party shall change is fiscal year or change in any material respect its method of account except in
accordance with the terms of its Operating Agreement. 
 10.04 Constituent Documents. Without the prior written consent of
Administrative Agent consistent with this Section, no Borrower Party shall alter, amend, modify, terminate, or change any provision of its Constituent Documents affecting the Investors’ debts, duties, obligations, and liabilities,
and the rights, titles, security interests, liens, powers and privileges of such Borrower Party, Administrative Agent or Secured Parties, in each case relating to Capital Call Notices, Capital Commitments, Capital Contributions or Unfunded
Commitments; or amend the terms of Section 4 of the Operating Agreement, in each case in any way that materially and adversely affects the rights of Administrative Agent or Secured Parties (each a “Material
Amendment”). With respect to any proposed amendment, modification or change to any Constituent Document, the Borrower shall notify Administrative Agent of such proposal. Administrative Agent shall determine, in its sole reasonable
discretion (that is, the determination of the other Lenders shall not be required) on Administrative Agent’s good faith belief, whether such proposed amendment, modification or change to such Constituent Document is a Material Amendment, and
shall notify the Borrower of its determination within (a) for amendments, modifications or changes proposed prior to the Final Closing Date (as such term is defined in the Operating Agreement), two (2) Business Days, and (b) for
amendments, modifications or changes proposed after the Final Closing Date, five (5) Business Days of the date on which it is deemed to have received such notification pursuant to Section 13.07. If Administrative Agent
determines that the proposed amendment is a Material Amendment, the approval of the Required Lenders and Administrative Agent will be required (unless the approval of all Lenders is required consistent with the terms of
Section 13.01), and Administrative Agent shall promptly notify the Lenders of such request for such approval, distributing, as appropriate, the proposed amendment and any other relevant information provided by any Borrower Party,
and the Required Lenders shall be required to respond to such requests within ten (10) Business Days of such notice. If Administrative Agent determines that the proposed amendment is not a Material Amendment, the applicable Borrower Party
may make such amendment without the consent of Lenders. Notwithstanding the foregoing, without the consent of Administrative Agent or the Lenders, a Borrower Party may amend its Constituent Documents: (i) to admit new Investors to the
extent permitted by this Credit Agreement; (ii) to reflect transfers of interests permitted by this Credit Agreement; and (iii) to facilitate the formation, operation and qualification of such Borrower Party as a RIC. 

10.05 Transfer by, or Admission of, Investors. 

(a) Transfer of Membership Interest. Without the prior written consent of Administrative Agent, acting alone, which
shall not be unreasonably withheld or delayed, no Borrower Party shall permit the transfer of the Membership Interest of any Borrowing Base Investor. 

  
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 (b) Designation of Transferee. A transferee that meets the Applicable
Requirement, as determined by Administrative Agent in its reasonable discretion, and that has delivered its duly executed Subscription Agreement and Side Letter, if any, to Administrative Agent may be designated as an Included Investor without
further consent. Designation of any other transferee as a Borrowing Base Investor will require the consent as set forth in the definitions of Included Investor and Designated Investor, as applicable. 

(c) Admission of Investors. No Borrower Party shall admit any Person as an additional Investor unless such Borrower
Party, prior to the effective date of such transfer, confirms that such additional Investor does not appear on any list of “Specially Designated Nationals” or other list of known or suspected terrorists generated by OFAC with which
dealings are prohibited under Sanctions. 
 (d) Documentation Requirements. Each Borrower Party shall provide notice
to Administrative Agent of the transfer of the Membership Interest of (x) in the case of a Borrowing Base Investor, prior to the transfer of such Membership Interest, (y) in the case of a
non-Borrowing Base Investor with Capital Commitments of $3,000,000 or greater, promptly after the transfer of such Membership Interest and (z) in the case of a non-Borrowing Base Investor with Capital
Commitments of less than $3,000,000, concurrently with the delivery of financial statements pursuant to Section 9.01(a) and 9.01(b) in the accompanying Compliance Certificate. Each Borrower Party shall require that,
except at such times as otherwise provided for herein, (i) any Person admitted as a substitute or new Investor (whether due to a transfer by an existing Investor or otherwise) (a “Subsequent Investor”) shall provide
Administrative Agent with a copy of such Investor’s duly executed Subscription Agreement and Side Letter, if any; and (ii) any existing Investor that is a transferee from another Investor shall provide the applicable transfer
documentation with respect to any increase in its Capital Commitment relating to such transfer. 
 (e) Funding
Requirements. Prior to the effectiveness of any transfer by a Borrowing Base Investor, the applicable Borrower Party shall calculate whether, taking into account the Capital Commitments of the Borrowing Base Investors as if such transfer had
occurred, the transfer would cause the Principal Obligation to exceed the Available Commitment, and shall make any Capital Calls required to pay any resulting mandatory prepayment under Section 3.04 prior to permitting such
transfer. 
 10.06 Capital Commitments. Other than rights under the Operating Agreement permitting an Investor from opting out of
particular Investments, Borrower shall not: (a) without the prior written consent of Administrative Agent (not to be unreasonably withheld or delayed), cancel, reduce, suspend or defer the Capital Commitment of any non-Borrowing Base
Investor; and (b) without the prior written approval of Administrative Agent and all Lenders (not to be unreasonably withheld or delayed): (i) cancel, reduce, suspend or defer the Capital Commitment of any Borrowing Base Investor; or
(ii) excuse any Investor from or permit any Investor to defer any Capital Contribution, if the proceeds from the related Capital Call Notice are to be applied to the Obligations hereunder. 

10.07 ERISA Compliance. (a) No Borrower Party nor any ERISA Affiliate shall establish, maintain, contribute to, or incur any
liability (contingent or otherwise) with respect to, any Plan; (b) without the approval of all Lenders, no Borrower Party shall take any action that would cause its underlying assets to constitute Plan Assets; and (c) no Borrower Party, as
applicable, shall change its Annual Valuation Period without giving prior written notice to Administrative Agent. 
 10.08 Reserved.

  
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 10.09 Limitations on Dividends and Distributions. 

(a) No Borrower Party shall declare or pay any dividends or distributions except as permitted under its Constituent Documents.

 (b) No Borrower Party shall declare or pay any dividends or distributions if: (i) any Event of Default exists;
or (ii) a Default under Sections 11.01(a), 11.01(g) or 11.01(h) exists; provided, however, that each Borrower Party shall have the right to pay dividends or distributions in amounts
that are determined in good faith by the Borrower Party to be required to maintain the status of the Borrower Party as a RIC or to reduce or eliminate liability for income or excise taxes. 

10.10 Limitation on Debt. Borrower shall not incur any Indebtedness (including the Obligations) in excess of the limitations on
Indebtedness set forth in Section 4.3 of the Operating Agreement as in effect on the Closing Date (or as amended in accordance with Section 10.04). For the avoidance of doubt, Borrower or its Subsidiaries will be
permitted to incur debt secured by its Investments or other asset (other than the Collateral). 
 10.11 Sanctions. No Borrower Party
shall, to the knowledge of its Responsible Officers, permit the proceeds of any Loan: (a) to be lent, contributed or otherwise made available to fund any activity or business in any Designated Jurisdiction; (b) to fund any activity or
business of any Sanctioned Person or any Person located, organized, formed, incorporated or residing in any Designated Jurisdiction or who is the subject of any Sanctions; or (c) in any other manner that will result in any material violation by
any Person (including any Lender or Administrative Agent) of any Sanctions. 
 10.12 Spin-Off. No Spin-Off shall be effective until
all prepayment obligations resulting from a Mandatory Prepayment Event are satisfied in full. 
 11. EVENTS OF DEFAULT. 

11.01 Events of Default. An “Event of Default” shall exist if any one or more of the following events (herein
collectively called “Events of Default”) shall occur and be continuing: 
 (a) any Borrower Party
shall fail to pay when due and in the currency required hereunder: (i) any principal of the Obligations; or (ii) any interest on the Obligations or any fee, expense, or other payment required hereunder or under any other Loan
Document, and such failure under this clause (ii) shall continue for five (5) days thereafter; 
 (b)
any representation or warranty made or deemed made by any Borrower Party under this Credit Agreement or any of the other Loan Documents executed by any of them, or in any certificate or statement furnished or made to Lenders or any of them by a
Borrower Party pursuant hereto or in connection herewith or with the Loans, shall prove to be untrue or inaccurate in any material respect as of the date on which such representation or warranty is made or deemed made (except that any representation
or warranty which by its terms is made as of an earlier date shall be true and correct in all material respects as of such earlier date) and the adverse effect of the failure of such representation or warranty shall not have been cured within thirty
(30) days after the earlier of (i) written notice thereof if delivered to the Borrowers by Administrative Agent or (ii) a Responsible Officer of the Borrower obtains actual knowledge thereof; 

  
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 (c) default shall occur in the performance of any of the covenants or agreements
contained herein (other than the covenants contained in Sections 3.04, 5.02(a), 5.02(c), 5.02(d) or Section 10 (except for Section 10.03, 10.05(b) and
10.05(d) (other than clause (x) of Section 10.05(d)))), or of the covenants or agreements of a Borrower Party contained in any other Loan Documents executed by such Person, and such default shall
continue uncured to the satisfaction of Administrative Agent for a period of thirty (30) days after written notice thereof has been given by Administrative Agent to such Borrower Party (provided that such thirty (30)-day cure period
shall not apply respecting covenants of Borrower Parties relating to statements, certificates and notices to be given by a Borrower Party, but a fifteen (15)-day grace period (or, in the case of Section 10.05(d) (other than
clause (x) thereof), a five (5)-day grace period) shall apply; 
 (d) default shall occur in the
performance of the covenants and agreements of any Borrower Party contained in Sections 3.04, 5.02(a), 5.02(c), 5.02(d) or Section 10 (other than
Section 10.03, 10.05(b) and 10.05(d) (other than clause (x) of Section 10.05(d))); 

(e) other than (i) in compliance with the provisions of this Credit Agreement, or (ii) as a result of any action or
inaction by Administrative Agent or other Secured Party, any of the Loan Documents executed by a Borrower Party shall cease, in whole or in material part, to be legal, valid and binding agreements enforceable (subject to Debtor Relief Laws and
equitable principles) against such Borrower Party in accordance with the terms thereof or shall in any way be terminated or become or be declared ineffective or inoperative or shall in any way whatsoever cease to give or provide the respective
liens, security interest, rights, titles, interest, remedies, powers, or privileges intended to be created thereby, except any release or termination pursuant to the terms of such Loan Document; 

(f) default shall occur in the payment of any recourse Indebtedness of any Borrower Party (other than the Obligations), in an
aggregate amount greater than or equal to $25,000,000, and such default shall continue after receipt of any applicable notice for more than the applicable period of grace, if any; 

(g) any Borrower Party shall: (i) apply for or consent to the appointment of a receiver, trustee, custodian,
intervenor, or liquidator of itself or of all or a substantial part of its assets; (ii) file a voluntary petition in bankruptcy or admit in writing that it is unable to pay its debts as they become due; (iii) make a general assignment for
the benefit of creditors; (iv) file a petition or answer seeking reorganization or an arrangement with creditors or to take advantage of any Debtor Relief Laws; (v) file an answer admitting the material allegations of, or consent to, or
default in answering, a petition filed against it in any bankruptcy, reorganization or insolvency proceeding; or (vi) take partnership or corporate action for the purpose of effecting any of the foregoing; 

(h) the commencement of any proceeding under any Debtor Relief Laws relating to any Borrower Party or all or any material part
of its respective property is instituted without the consent of such Person and continues undismissed or unstayed for a period of sixty (60) days; or an order for relief, judgment or decree shall be entered by any court of competent
jurisdiction or other competent authority approving a petition seeking reorganization or liquidation of any Borrower Party or appointing a receiver, custodian, trustee, intervenor, liquidator, administrator or similar entity of such Person, or of
all or substantially all of its assets; 
 (i) any final judgments or orders for the payment of money against any
Borrower Party in an aggregate amount (as to all such judgments or orders) exceeding $25,000,000 (to the 

  
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extent not covered by independent third-party insurance as to which the insurer does not dispute coverage) and: (A) enforcement proceedings are commenced by any creditor upon such
judgment or order, or (B) there is a period of ten (10) consecutive days during which a stay of enforcement of such judgment, by reason of a pending appeal or otherwise, is not in effect; 

(j) a Change of Control shall occur; 

(k) at any time (such time being referred to as a “determination time”) three (3) or more non-affiliated
Borrowing Base Investors having Capital Commitments aggregating fifteen percent (15%) or greater of the aggregate Capital Commitments of all Investors shall default and continue to be in default at such determination time on their respective
obligation to fund any Capital Call within fifteen (15) Business Days’ written notice of such Capital Call; or 

(l) the Borrowing Base Deficit is greater than zero (0) and is not eliminated within ten (10) Business Days. 

11.02 Remedies Upon Event of Default. If an Event of Default shall have occurred and be continuing, then Administrative Agent may, and,
upon the direction of the Required Lenders, shall: (a) suspend the Commitments of Lenders until such Event of Default is cured; (b) terminate the Commitment of Lenders; (c) reduce the Available Commitments to an amount equal to
the aggregate Loans of the Borrower Parties; (d) declare the unpaid principal amount of all outstanding Obligations, all interest accrued and unpaid thereon, and all other amounts owing or payable hereunder or under any other Loan Document to
be immediately due and payable, whereupon the same shall forthwith become due and payable without presentment, demand, protest, notice of default, notice of acceleration, or of intention to accelerate or other notice of any kind all of which each
Borrower Party hereby expressly waives, anything contained herein or in any other Loan Document to the contrary notwithstanding; (e) exercise any right, privilege, or power set forth in Section 5.02, including, but not
limited to, the initiation of Capital Call Notices of the Capital Commitments; or (f) without notice of default or demand, pursue and enforce any of Administrative Agent’s or any or all of the Secured Parties’ rights and remedies
under the Loan Documents, or otherwise provided under or pursuant to any applicable law or agreement; provided, however, that if any Event of Default specified in Section 11.01(g) or
Section 11.01(h) shall occur, the obligation of each Committed Lender to make Loans shall automatically terminate, the unpaid principal amount of all outstanding Loans and all interest and other amounts as aforesaid shall
automatically become due and payable, without any further action by Administrative Agent or Lenders, or any of them, and without presentment, demand, protest, notice of default, notice of acceleration, or of intention to accelerate or other notice
of any kind, all of which each Borrower Party hereby expressly waives. 
 11.03 Curing an Event of Default by Investor Capital Call.

 (a) Upon the occurrence and during the continuance of an Event of Default, notwithstanding anything to the contrary, none
of Administrative Agent, any Lender or other Secured Party may issue funding notices to any Investor or exercise any other remedy to which it may be otherwise entitled under this Credit Agreement, any of the other Loan Documents or at law or in
equity with respect to such Event of Default unless Administrative Agent shall have given the Borrower Parties three (3) Business Days written notice of its intention to exercise such remedies (provided that, no such notice is
required to the extent the Event of Default arises from the failure of Borrower Parties to make a Capital Call or make a payment following a Capital Call), in each case, required pursuant to the terms of the Loan Documents. If, at any time prior to
or during such three (3) Business Day notice period, the Borrower Parties shall make a Capital Call on the Unfunded Commitments of the Investors sufficient (together with amounts on deposit in or credited to the Collateral Account) to cure each
such Event of Default or repay the 

  
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outstanding Obligations in full, as applicable, then Administrative Agent, the Lenders and other Secured Parties may not exercise any such remedy until the expiration of the period ending
fifteen (15) Business Days from the end of the initial three (3) Business Day notice period, provided that nothing in this Section 11.03(a) shall prohibit Administrative Agent, any Lender or other Secured Party
asserting exclusive control of the Collateral Account or taking any such actions as may be required to protect their rights in a bankruptcy proceeding; provided, further, that to the extent that (A) the Borrower does not make such
Capital Call or (B) the application of the proceeds of any such Capital Call are not sufficient (together with amounts on deposit in or credited to the Collateral Account) to cure such Event of Default or repay the outstanding Obligations in
full, as applicable, then, so long as such Event of Default shall be continuing, the Administrative Agent may, in accordance with the terms hereof, issue a Capital Call in an amount sufficient (together with amounts on deposit in or credited to the
Collateral Account) to cure such Event of Default or repay the outstanding Obligations in full, as applicable. 
 (b) In the
event that Administrative Agent elects to notify the Investors to make Capital Contributions in respect of their Unfunded Commitments, then Administrative Agent shall not request any individual Investor to fund an amount exceeding such
Investor’s pro-rata share of the Obligations (based on the proportion of such Investor’s Unfunded Commitment to the aggregate Unfunded Commitments of all Investors other than Defaulting Investors) without first making best efforts
(consistent with the terms of the Constituent Documents and applicable Law) to issue a Capital Call (which may be issued by Borrower or Administrative Agent) to each Investor for its pro-rata share of the Obligations and waiting fifteen (15)
calendar days following such Capital Call prior to initiating further remedies. Further, without the prior written consent of Borrower, neither the Administrative Agent nor any Lender may contact any Investor, other than during the continuance of an
Event of Default, to the extent otherwise permitted hereunder, to submit a Capital Call Notice or otherwise exercise remedies in connection therewith. 

(c) None of Administrative Agent, any Lender or any other Secured Party shall be entitled to take any action against any
Investor that is an ERISA Investor or a Plan (other than (i) issuing funding notices in the name of any Borrower Party or (ii) applying funds paid by such ERISA Investor or Plan into the Collateral Account (which shall remain in the name
of Borrower) to the payment of the Obligations), under the Operating Agreement or Subscription Agreement, as applicable to the extent it has knowledge that a “prohibited transaction” (as defined in Section 406 of ERISA
or Section 4975 of the Internal Revenue Code) would arise therefrom. 
 11.04 Performance by Administrative Agent. Should
any Borrower Party fail to perform any covenant, duty, or agreement contained herein or in any of the other Loan Documents, and such failure continues beyond any applicable cure period, Administrative Agent may (subject to
Section 10.03), but shall not be obligated to, perform or attempt to perform such covenant, duty, or agreement on behalf of such Person. In such event, each Borrower Party shall, at the request of Administrative Agent promptly pay
any reasonable amount expended by Administrative Agent in such performance or attempted performance to Administrative Agent at Administrative Agent’s Office, together with interest thereon at the Default Rate from the date of such expenditure
until paid. Notwithstanding the foregoing, it is expressly understood that neither any of the Agents nor any of the other Secured Parties assume any liability or responsibility for the performance of any duties of any Borrower Party, or any related
Person hereunder or under any of the other Loan Documents or other control over the management and affairs of any Borrower Party, or any related Person, nor by any such action shall any of the Agents or other Secured Parties be deemed to create a
partnership arrangement with any Borrower Party or any related Person. 

  
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 11.05 Application of Funds. After the exercise of remedies provided for in
Section 11.02 (or after the Loans have automatically become immediately due and payable), any amounts received on account of the Obligations shall, subject to the provisions of Section 2.12, be applied by
Administrative Agent in the following order: (a) to payment of that portion of the Obligations constituting fees, indemnities, expenses and other amounts (including fees, charges and disbursements of counsel to Administrative Agent and
amounts payable under Section 4) payable to Administrative Agent in its capacity as such; (b) to payment of that portion of the Obligations constituting fees, indemnities and other amounts payable to the Lenders (including
fees, charges and disbursements of counsel to the respective Lenders and amounts payable under Section 4), ratably among them in proportion to the respective amounts described in this clause (b) payable to them;
(c) to payment of that portion of the Obligations constituting unpaid interest on the Loans and other Obligations, ratably among the Lenders in proportion to the respective amounts described in this clause (c) payable to
them; (d) to payment of that portion of the Obligations constituting unpaid principal of the Loans, ratably among the Lenders in proportion to the respective amounts described in this clause (d) held by them; and (e) the
balance, if any, after all of the Obligations have been indefeasibly paid in full, to Borrower or as otherwise required by Law. 
 12. AGENTS. 

12.01 Appointment and Authority. Each Lender (including any Person that is an assignee, participant, secured party or other transferee
with respect to the interest of such Lender in any Principal Obligation or otherwise under this Credit Agreement) hereby irrevocably appoints each Agent (other than a Funding Agent for a different Lender Group) to act on its behalf hereunder and
under the other Loan Documents and authorizes each Agent (other than a Funding Agent for a different Lender Group) to take such actions on its behalf and to exercise such powers as are delegated to such Agent by the terms hereof or thereof, together
with such actions and powers as are reasonably incidental thereto. Except for provisions of this Section 12 expressly granting rights to the Borrower Parties, the provisions of this Section 12 are solely for the
benefit of Agents and the Lenders, and no Borrower Party shall have rights as a third party beneficiary of any of such provisions. It is understood and agreed that the use of the term “agent” herein or in any other Loan Documents (or any
other similar term) with reference to Administrative Agent is not intended to connote any fiduciary or other implied (or express) obligations arising under agency doctrine of any applicable Law. Instead such term is used as a matter of market
custom, and is intended to create or reflect only an administrative relationship between contracting parties. 
 12.02 Rights as a
Lender. The Person serving as Administrative Agent hereunder shall have the same rights and powers in its capacity as a Lender as any other Lender and may exercise the same as though it were not Administrative Agent and the term
“Lender” or “Lenders” shall, unless otherwise expressly indicated or unless the context otherwise requires, include the Person serving as Administrative Agent hereunder in its individual capacity as a
Lender. Such Person and its Affiliates may accept deposits from, lend money to, own securities of, act as the financial advisor or in any other advisory capacity for and generally engage in any kind of business with the Borrower Party or any
Subsidiary or other Affiliate thereof as if such Person were not Administrative Agent hereunder and without any duty to account therefor to the Lenders. 

12.03 Exculpatory Provisions. 

(a) No Agent shall have any duties or obligations except those expressly set forth herein and in the other Loan Documents and
its duties hereunder shall be administrative in nature. Without limiting the generality of the foregoing, no Agent: 

  
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 (i) shall be subject to any fiduciary or other implied duties, regardless of
whether an Event of Default has occurred and is continuing; 
 (ii) shall 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 such Agent is required to exercise as directed in writing by the Required Lenders (or such other number or
percentage of the Lenders as shall be expressly provided for herein or in the other Loan Documents), provided that no Agent shall be required to take any action that, in its opinion or the opinion of its counsel, may expose any Agent to
liability or that is contrary to any Loan Document or applicable law, including for the avoidance of doubt any action that may be in violation of the automatic stay under any Debtor Relief Law or that may affect a forfeiture, modification or
termination of property of a Defaulting Lender in violation of any Debtor Relief Law; and 
 (iii) shall, except as expressly
set forth herein and in the other Loan Documents, have any duty to disclose, nor shall it be liable for the failure to disclose, any information relating to the Borrower Parties or any of their respective Affiliates that is communicated to or
obtained by such Agent or any of its Affiliates in any capacity. 
 (b) No Agent shall be liable for any action taken or not
taken by it: (i) with the consent or at the request of the Required Lenders (or such other number or percentage of the Lenders as shall be necessary, or, under the circumstances as provided in Sections 11.02 and
13.01 as Administrative Agent shall believe in good faith shall be necessary); or (ii) in the absence of its own gross negligence or willful misconduct as determined by a court of competent jurisdiction by final and non-appealable
judgment, no Agent shall be deemed to have knowledge of any Default or Event of Default (except with respect to defaults in the payment of principal, interest and fees required to be paid to Administrative Agent for the account of the Lenders)
unless and until notice describing the same is given in writing to such Agent by Borrower or a Lender. 
 (c) No Agent shall
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 Credit Agreement or any other Loan Document; (ii) the contents of any certificate,
report or other document delivered hereunder or thereunder or in connection herewith or therewith; (iii) the performance or observance of any of the covenants, agreements or other terms or conditions set forth herein or therein or the
occurrence of any Default or Event of Default; (iv) the validity, enforceability, effectiveness or genuineness of this Credit Agreement, any other Loan Document or any other agreement, instrument or document; or (v) the satisfaction of any
condition set forth in Section 7 or elsewhere herein, other than, in the case of Administrative Agent, to confirm receipt of items expressly required to be delivered to it. 

(d) Administrative Agent does not warrant, nor accept responsibility for, nor shall Administrative Agent have any liability
with respect to the administration submission or any other matter related to the rates in the definition of LIBOR Rate or with respect to any comparable or successor rate thereto. 

12.04 Reliance by Agent or Lender. Each Agent and Lender shall be entitled to rely upon, and shall not incur any liability for relying
upon, any notice, request, certificate, consent, statement, instrument, document or other writing (including any electronic message, Internet or intranet website posting or other distribution) believed by it to be genuine and to have been signed,
sent or otherwise 

  
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authenticated by the proper Person. Each Agent also may rely upon any statement made to it orally or by telephone and believed by it to have been made by the proper Person, and shall not incur
any liability for relying thereon. In determining compliance with any condition hereunder to the making of a Loan, that by its terms must be fulfilled to the satisfaction of a Lender, Administrative Agent may presume that such condition is
satisfactory to such Lender unless Administrative Agent shall have received notice to the contrary from such Lender prior to the making of such Loan. Administrative Agent may consult with legal counsel (who may be counsel for Borrower), 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. 

12.05 Delegation of Duties. Each Agent may perform any and all of its duties and exercise its rights and powers hereunder or under any
other Loan Document by or through any one or more sub-agents appointed by such Agent. Each Agent and any such sub-agent may perform any and all of its duties and exercise its rights and powers by or through their respective Related Parties. The
exculpatory provisions of this Section shall apply to any such sub-agent and to the Related Parties of each Agent and any such sub-agent, and shall apply to their respective activities in connection with the syndication of the
credit facilities provided for herein as well as activities as an Agent. No Agent shall be responsible for the negligence or misconduct of any sub-agents except to the extent that a court of competent jurisdiction determines in a final and
non-appealable judgment that such Agent acted with gross negligence or willful misconduct in the selection of such sub-agents. 
 12.06
Resignation of Administrative Agent. 
 (a) Administrative Agent may at any time give notice of its resignation to the
Lenders and the Borrower Parties. Upon receipt of any such notice of resignation, the Required Lenders shall have the right, with the consent of the Borrower, to appoint a successor, which shall be a bank with an office in the United States, or an
Affiliate of any such bank with an office in the United States. If no such successor shall have been so appointed by the Required Lenders and shall have accepted such appointment within thirty (30) days after the retiring Administrative Agent
gives notice of its resignation, (or such earlier day as shall be agreed by the Required Lenders) (the “Resignation Effective Date”), then the retiring Administrative Agent may (but shall not be obligated to) on behalf of the
Lenders, appoint a successor Administrative Agent meeting the qualifications set forth above. Whether or not a successor Administrative Agent has been appointed, such resignation shall become effective in accordance with such notice on the
Resignation Effective Date. 
 (b) If the Person serving as the Administrative Agent is a Defaulting Lender pursuant to
clause (d) of the definition thereof, the Required Lenders may, to the extent permitted by applicable law, by notice in writing to Borrower and such Person and remove such Person as Administrative Agent and, with the consent of
Borrower, appoint a successor. If no such successor shall have been so appointed by the Required Lenders and shall have accepted such appointment, within thirty (30) days (or such earlier day as shall be agreed by the Required Lenders) (the
“Removal Effective Date”), then such removal shall nonetheless become effective in accordance with such notice on the Removal Effective Date. 

(c) With effect from the Resignation Effective Date or the Removal Effective Date (as applicable): (i) the retiring
or removed Administrative Agent shall be discharged from its duties and obligations hereunder and under the other Loan Documents (except that in the case of any collateral security held by the Administrative Agent on behalf of the Lenders under any
of the Loan Documents, the retiring or removed Administrative Agent shall continue to hold such collateral security until such time as a successor Administrative Agent is appointed); and 

  
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(ii) except for any indemnity payments or other amounts then owed to the retiring or removed Administrative Agent, all payments, communications and determinations provided to be made by, to
or through the Administrative Agent shall instead be made by or to each Lender directly, until such time, if any, as the Required Lenders appoint a successor Administrative Agent as provided for above. Upon the acceptance of a successor’s
appointment as Administrative Agent hereunder, such successor shall succeed to and become vested with all of the rights, powers, privileges and duties of the retiring (or removed) Administrative Agent (other than as provided in
Section 4.01(g) and other than any rights to indemnity payments or other amounts owed to the retiring or removed Administrative Agent as of the Resignation Effective Date or the Removal Effective Date, as applicable), and the
retiring or removed Administrative Agent shall be discharged from all of its duties and obligations hereunder or under the other Loan Documents (if not already discharged therefrom as provided above in this Section). The fees payable
by Borrower to a successor Administrative Agent shall be the same as those payable to its predecessor unless otherwise agreed between Borrower and such successor. After the retiring or removed Administrative Agent’s resignation or removal
hereunder and under the other Loan Documents, the provisions of this Section and Section 13.06 shall continue in effect for the benefit of such retiring Administrative Agent, its sub-agents and their respective
Related Parties in respect of any actions taken or omitted to be taken by any of them while the retiring Administrative Agent was acting as Administrative Agent. 

12.07 Non-Reliance on Agents and Lenders. Each Lender acknowledges that it has, independently and without reliance upon any Agent or
any other Lender or any of their Related Parties and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Credit Agreement. Each Lender also acknowledges that it will,
independently and without reliance upon any Agent or any other Lender or any of their Related Parties and based on such documents and information as it shall from time to time deem appropriate, continue to make its own decisions in taking or not
taking action under or based upon this Credit Agreement, any other Loan Document or any related agreement or any document furnished hereunder or thereunder. 

12.08 No Other Duties, Etc. Anything herein to the contrary notwithstanding, none of the Arrangers or other agents listed on the cover
page hereof shall have any powers, duties or responsibilities under this Credit Agreement or any of the other Loan Documents, except in its capacity, as applicable, as an Agent or a Lender hereunder. 

12.09 Administrative Agent May File Proofs of Claim. In case of the pendency of any receivership, insolvency, liquidation,
bankruptcy, reorganization, arrangement, adjustment, composition or other judicial proceeding relative to any Borrower Party, Administrative Agent (irrespective of whether the principal of any Loan shall then be due and payable as herein expressed
or by declaration or otherwise and irrespective of whether Administrative Agent shall have made any demand on Borrower Parties) shall be entitled and empowered, by intervention in such proceeding or otherwise: 

(a) to file and prove a claim for the whole amount of the principal and interest owing and unpaid in respect of the Loans and
all other Obligations that are owing and unpaid and to file such other documents as may be necessary or advisable in order to have the claims of the Secured Parties and Administrative Agent (including any claim for the reasonable compensation,
expenses, disbursements and advances of the Lenders and Administrative Agent and their respective agents and counsel and all other amounts due the Lenders and Administrative Agent under Section 2.09 and otherwise hereunder)
allowed in such judicial proceeding; and 
 (b) to collect and receive any monies or other property payable or deliverable on
any such claims and to distribute the same. 

  
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 any custodian, receiver, assignee, trustee, liquidator, sequestrator or other similar official in any such
judicial proceeding is hereby authorized by each Secured Party to make such payments to Administrative Agent and, in the event that Administrative Agent shall consent to the making of such payments directly to the Secured Parties, to pay to
Administrative Agent any amount due for the reasonable compensation, expenses, disbursements and advances of Administrative Agent and its agents and counsel, and any other amounts due Administrative Agent hereunder. 

Nothing contained herein shall be deemed to authorize Administrative Agent to authorize or consent to or accept or adopt on behalf of any
Lender any plan of reorganization, arrangement, adjustment or composition affecting the Obligations or the rights of any Secured Party or to authorize Administrative Agent to vote in respect of the claim of any Secured Party in any such proceeding.

 12.10 Collateral Matters. Without limiting the provisions of Section 12.09, Secured Parties irrevocably
authorize Administrative Agent, at its option and in its discretion to release any Lien on any property granted to or held by Administrative Agent under any Loan Document: (a) upon termination of the Commitments and payment in full of all
Obligations (other than contingent indemnification obligations); (b) that is sold or otherwise disposed of or to be sold or otherwise disposed of as part of or in connection with any sale or other disposition permitted hereunder or under any
other Loan Document; or (c) subject to Section 13.01, if approved, authorized or ratified in writing by the Required Lenders. Upon request by Administrative Agent at any time, the Secured Parties will confirm in writing
Administrative Agent’s authority to release its interest in particular types or items of property pursuant to this Section 12.10. 

13. MISCELLANEOUS. 
 13.01
Amendments. Neither this Credit Agreement nor any other Loan Document, nor any of the terms hereof or thereof, may be amended, waived, discharged or terminated, other than in accordance with its terms, unless such amendment, waiver,
discharge, or termination is in writing and signed by Required Lenders (and Administrative Agent) or Administrative Agent (based upon the approval of Required Lenders), on the one hand, and Borrower on the other hand; provided that, if this
Credit Agreement or any other Loan Document specifically provides that the terms thereof may be amended, waived, discharged or terminated with the approval of Administrative Agent, acting alone, or all Lenders, then such amendment, waiver, discharge
or termination must be signed by Administrative Agent or all Lenders, as applicable, on the one hand, and Borrower on the other hand; provided, further, that no such amendment, waiver, discharge, or termination shall, without the
consent of Administrative Agent and: 
 (a) each Lender directly affected thereby: 

(i) extend or increase the Commitment of such Lender (or reinstate any Commitment terminated pursuant to
Section 11.02), or alter the provisions relating to any fees (or any other payments) payable to such Lender (other than a reduction by Borrower pursuant to Section 3.06); 

(ii) extend the time for payment for the principal of or interest on the Obligations, or fees, or reduce the principal amount
of the Obligations (except as a result of the application of payments or prepayments), or the rate of interest borne by the Obligations, any Loan (other than as a result of waiving the applicability of the Default Rate) (including, without
limitation, pursuant to a revision to the definition of Applicable Margin), or reduce any fees or other amounts payable hereunder or under any other Loan Document; provided, however, that only the consent of the Required Lenders shall
be necessary to amend the definition of Default Rate or to waive any obligation of Borrower to pay interest at the Default Rate; 

  
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 (iii) amend the definition of “Conduit Lender”; 

(iv) amend the definition of “Conduit Lender Percentage”; 

(v) amend the definition of “Commitment”; 

(vi) amend the definition of “Committed Lender”; 

(vii) amend the definition of “Lender Group”; 

(viii) amend the definition of “Lender Group Limit”; 

(ix) amend the definition of “Lender Group Percentage”; 

(b) all Lenders: 

(i) release all or substantially all liens granted under the Collateral Documents, except as otherwise contemplated herein or
therein, and except in connection with the transfer of interests in Borrower permitted hereunder; 
 (ii) change
Section 11.05 in a manner that would alter the ratable sharing of payments required thereby; 
 (iii)
amend the definition of “Adequately Capitalized”; 
 (iv) amend the definition of
“Aggregate Concentration Limit”; 
 (v) amend Section 1.07 or the definition of
“Alternative Currency” (or any related defined term); 
 (vi) amend the definition of
“Applicable Percentage”; 
 (vii) amend the definition of “Applicable
Requirement”; 
 (viii) amend the definition of “Available Commitment”; 

(ix) amend the definition of “Borrowing Base”; 

(x) amend the definition of “Capital Call”; 

(xi) amend the definition of “Capital Call Notice”; 

(xii) amend the definition of “Capital Commitment”; 

(xiii) amend the definition of “Capital Contribution”; 

(xiv) amend the definition of “Collateral”; 

(xv) amend the definition of “Concentration Limit”; 

  
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 (xvi) amend the definition of “Credit Provider”; 

(xvii) amend the definition of “Designated Investor”; 

(xviii) amend the definition of “Eligible Designated Unfunded Commitment”; 

(xix) amend the definition of “Eligible Included Unfunded Commitment”; 

(xx) amend the definition of “ERISA Investor”; 

(xxi) amend the definition of “Exclusion Event”; 

(xxii) amend the definition of “Funding Ratio”; 

(xxiii) amend the definition of “FX Reserve Amount”; 

(xxiv) amend the definition of “Governmental Plan Investor”; 

(xxv) amend the definition of “Included Investor”; 

(xxvi) amend the definition of “Individual Concentration Limit”; 

(xxvii) amend the definition of “Investor”; 

(xxviii) except as provided in Section 2.14, amend the definition of “Maximum
Commitment”; 
 (xxix) amend the definition of “Member”; 

(xxx) amend the definition of “Membership Interest”; 

(xxxi) amend the definition of “Non-Rated Included Investor”; 

(xxxii) amend the definition of “Pending Capital Call”; 

(xxxiii) amend the definition of “Principal Obligation”; 

(xxxiv) amend the definition of “Rated Included Investor”; 

(xxxv) amend the definition of “Rating”; 

(xxxvi) amend the definition of “Repayment Percentage”; 

(xxxvii) reduce the percentage specified in the definition of “Required Lenders” (or any other
provision hereof specifying the number or percentage of Lenders which are required to amend, waive or modify any rights hereunder or otherwise make any determination or grant any consent hereunder) or the definition of any other defined terms used
in the definition of “Required Lenders” in a manner which would effectively reduce the number or percentage of Lenders which are required to amend, waive or modify any rights hereunder or otherwise make any determination or
grant any consent hereunder; 

  
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 (xxxviii) amend the definition of “Responsible Party”;

 (xxxix) amend the definition of “Returned Capital”; 

(xl) amend the definition of “Sponsor”; 

(xli) amend the definition of “Under Common Control”; 

(xlii) amend the definition of “Unfunded Commitment”; 

(xliii) consent to the assignment or transfer by Borrower of any of its rights and obligations under (or in respect of) the
Loan Documents; 
 (xliv) amend, waive, or in any way modify or suspend any provision regarding application of payments of
the Obligations to Lenders; 
 (xlv) amend the terms of this Section 13.01; or 

(xlvi) release Borrower from its obligations under Section 6 with respect to any Qualified Borrower. 

Notwithstanding the above: (A) no provisions of Section 12 may be amended or modified without the consent of
Administrative Agent; and (B) Sections 9 and 10 specify the requirements for waivers of the affirmative covenants and negative covenants listed therein, and any amendment to any provision of
Section 9 or 10 shall require the consent of the Lenders that are specified therein as required for a waiver thereof. 

Notwithstanding anything to the contrary herein, no Defaulting Lender shall have any right to approve or disapprove any amendment, waiver or
consent hereunder (and any amendment, waiver or consent which by its terms requires the consent of all Lenders or each affected Lender may be effected with the consent of the applicable Lenders other than Defaulting Lenders), except that
(x) the Commitment of any Defaulting Lender may not be increased or extended without the consent of such Defaulting 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. 

Notwithstanding the fact that the consent of all the Lenders is required in certain circumstances as set forth above: (1) each
Lender is entitled to vote as such Lender sees fit on any reorganization plan that affects the Loans, and each Lender acknowledges that the provisions of Section 1126(c) of the Bankruptcy Code supersede the unanimous consent
provisions set forth herein; and (2) the Required Lenders may consent to allow a Borrower Party to use cash collateral in the context of a bankruptcy or insolvency proceeding. Administrative Agent may, after consultation with Borrower, agree to
the modification of any term of this Credit Agreement or any other Loan Document to correct any printing, stenographic or clerical errors or omissions that are inconsistent with the terms hereof. 

Administrative Agent agrees that it will promptly notify the Funding Agents (who will in turn promptly notify the Lenders in its Lender Group)
of any proposed modification or amendment to any Loan Document, and deliver drafts of such proposed modification or amendment to the Funding Agents (who will in turn promptly deliver to the Lenders in its Lender Group), prior to the effectiveness of
such proposed modification or amendment. If Administrative Agent shall request the consent of any Lender to any amendment, change, waiver, discharge, termination, consent or exercise of rights covered by this Credit Agreement, and such Lender shall
respond to such request within ten (10) Business Days. 

  
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 13.02 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 (but subject to Section 11.03), to the fullest extent permitted by applicable law, to set off and apply any and all deposits (general or special, time or demand,
provisional or final, in whatever currency) at any time held and other obligations (in whatever currency) at any time owing by such Lender or any such Affiliate to or for the credit or the account of any Borrower Party against any and all of the
Obligations of such Borrower Party now or hereafter existing under this Credit Agreement or any other Loan Document owing to such Lender or their respective Affiliates, irrespective of whether or not Administrative Agent, such Lender or Affiliate
shall have made any demand under this Credit Agreement or any other Loan Document and although such Obligations of such Borrower Party may be contingent or unmatured or are owed to a branch, office or Affiliate of such Lender different from the
branch, office or Affiliate holding such deposit or obligated on such indebtedness; provided, that in the event that any Defaulting Lender shall exercise any such right of setoff: (a) all amounts so set off shall be paid over
immediately to Administrative Agent for further application in accordance with the provisions of Section 2.12 and, pending such payment, shall be segregated by such Defaulting Lender from its other funds and deemed held in trust
for the benefit of Administrative Agent and the Committed Lenders; and (b) such Defaulting Lender shall provide promptly to 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 and their respective Affiliates under this Section are in addition to other rights and remedies (including other rights of setoff) that such Lender or their
respective Affiliates may have. Each Lender agrees to notify the applicable Borrower Party and Administrative Agent promptly after any such setoff and application made by such Person, provided, however, that the failure to give such
notice shall not affect the validity of such setoff and application. 
 13.03 Sharing of Payments by Lender Group. If any Lender
Group shall, by exercising any right of setoff or counterclaim or otherwise, obtain payment in respect of any principal of or interest on any of the Loans made by it resulting in such Lender Group receiving payment of a proportion of the aggregate
amount of such Loans and accrued interest thereon greater than its Applicable Percentage thereof, then the Funding Agent of such Lender Group receiving such greater proportion shall: 

(a) notify Administrative Agent of such fact; and 

(b) cause the Committed Lenders in such Funding Agent’s Lender Group to purchase (for cash at face value) participations
in the Loans of the other Lender Groups, or make such other adjustments as shall be equitable, so that the benefit of all such payments shall be shared by the Lender Groups ratably in accordance with the aggregate amount of principal of and accrued
interest on their respective Loans and other amounts owing them, provided that: 
 (i) if any such participations or
subparticipations are purchased and all or any portion of the payment giving rise thereto is recovered, such participations or subparticipations shall be rescinded and the purchase price restored to the extent of such recovery, without interest; and

 (ii) the provisions of this Section shall not be construed to apply to: (x) any payment made by or
on behalf of any Borrower Party pursuant to and in accordance with the express terms of this Credit Agreement (including the application of funds arising from the existence of a Defaulting Lender); or (y) any payment obtained by a Lender as
consideration for the assignment of or sale of a participation in any of its Loans to any assignee or participant, other than an assignment to Borrower (as to which the provisions of this Section shall apply). 

  
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 Each Borrower Party consents to the foregoing and agrees, to the extent it may effectively do so
under applicable law, that any Committed Lender or any Lender Group acquiring a participation pursuant to the foregoing arrangements may exercise against such Borrower Party rights of setoff and counterclaim with respect to such participation as
fully as if such Committed Lender were a direct creditor of such Borrower Party in the amount of such participation. 
 13.04 Payments
Set Aside. To the extent that any Borrower Party makes a payment to Administrative Agent or any Lender, or Administrative Agent or any Lender exercises its right of setoff, and such payment or the proceeds of such setoff or any part thereof is
subsequently invalidated, declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by Administrative Agent or such Lender in its discretion) to be repaid to a trustee, receiver or any other
party, in connection with any proceeding under any Debtor Relief Law or otherwise, then: (a) to the extent of such recovery, the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force
and effect as if such payment had not been made or such setoff had not occurred, and (b) each Lender severally agrees to pay to Administrative Agent upon demand its applicable share of any amount so recovered from or repaid by Administrative
Agent, plus interest thereon from the date of such demand to the date such payment is made at a rate per annum equal to the Overnight Rate from time to time in effect, in the applicable currency of such recovery or payment. 

13.05 No Waiver; Cumulative Remedies; Enforcement. No failure by any Lender or Administrative Agent to exercise, and no delay by any
such Person in exercising, any right, remedy, power or privilege hereunder or under any other Loan Document shall operate as a waiver thereof; nor shall any single or partial exercise of any right, remedy, power or privilege hereunder preclude any
other or further exercise thereof or the exercise of any other right, remedy, power or privilege. The rights, remedies, powers and privileges herein provided, and provided under each other Loan Document, are cumulative and not exclusive of any
rights, remedies, powers and privileges provided by Law. 
 Notwithstanding anything to the contrary contained herein or in any other Loan
Document, the authority to enforce rights and remedies hereunder and under the other Loan Documents against the Borrower Parties or any of them shall be vested exclusively in, and all actions and proceedings at Law in connection with such
enforcement shall be instituted and maintained exclusively by, Administrative Agent in accordance with Section 11.02 for the benefit of all Lenders; provided, however, that the foregoing shall not
prohibit: (a) Administrative Agent from exercising on its own behalf the rights and remedies that inure to its benefit (solely in its capacity as Administrative Agent) hereunder and under the other Loan Documents; (b) any Lender from
exercising setoff rights in accordance with Section 13.02 (subject to the terms of Section 11.03 and Section 13.03); or (c) any Lender from filing proofs of claim or appearing and filing
pleadings on its own behalf during the pendency of a proceeding relative to any Borrower Party under any Debtor Relief Law; and provided, further, that if at any time there is no Person acting as Administrative Agent hereunder and
under the other Loan Documents; then: (i) the Required Lenders shall have the rights otherwise ascribed to the Administrative Agent pursuant to Section 11.02; and (ii) in addition to the matters set forth in
clauses (b) and (c) of the preceding proviso and subject to Section 13.03, any Lender may, with the consent of the Required Lenders, enforce any rights and remedies available to it and as
authorized by the Required Lenders. 
 13.06 Expenses; Indemnity; Damage Waiver. 

(a) Costs and Expenses. Borrower shall pay: (i) all reasonable and documented out of pocket expenses actually
incurred by Administrative Agent, in connection with the syndication 

  
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of the credit facility provided herein, and the preparation, negotiation, execution, delivery and administration of this Credit Agreement and the other Loan Documents or any amendments,
modifications or waivers of the provisions hereof or thereof (whether or not the transactions contemplated hereby or thereby shall be consummated), including all Attorney Costs reasonably and actually incurred in connection with the foregoing;
(ii) all fees and expenses not to exceed $25,000 in the aggregate charged by the Rating Agencies in connection with the transactions contemplated hereby, including, without limitation, fees and expenses incurred in connection with seeking an
explicit rating of the Loans, regardless of whether or not such explicit rating is able to be issued; and (iii) all out of pocket expenses incurred by Agents and any Lender, in connection with the enforcement or protection of its rights
(A) in connection with this Credit Agreement and the other Loan Documents, including its rights under this Section; or (B) in connection with the Loans made hereunder, including all out-of-pocket expenses actually incurred during any “workout”, restructuring or negotiations in respect of such Loans, including all Attorney Costs actually incurred in connection with the
foregoing. 
 (b) Indemnification by Borrower. Borrower shall indemnify each Agent and each Related Party thereof, and
each Lender and their respective Affiliates, directors, officers, employees, counsel, agents and attorneys in fact (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 fees, charges and disbursements of any counsel for any Indemnitee), incurred by any Indemnitee or asserted against any Indemnitee by any Person (including Borrower or any other
Borrower Party) other than such Indemnitee and its Related Parties arising out of, in connection with, or as a result of: (i) the execution or delivery of this Credit Agreement, any other Loan Document or any agreement or instrument
contemplated hereby or thereby, the performance by the parties hereto of their respective obligations hereunder or thereunder, the consummation of the transactions contemplated hereby or thereby, or, in the case of Administrative Agent (and any
sub-agent thereof) and its Related Parties only, the administration of this Credit Agreement and the other Loan Documents; (ii) any Loan or the use or proposed use of the proceeds therefrom; or (iii) any actual or prospective claim,
litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by a third party or by Borrower or any other Borrower Party, and regardless of whether any Indemnitee is a
party thereto; provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses: (A) are determined by a court of competent jurisdiction by
final and nonappealable judgment to have resulted from the gross negligence or willful misconduct of such Indemnitee; or (B) result from a claim brought by Borrower or any other Borrower Party against an Indemnitee for breach of such
Indemnitee’s obligations hereunder or under any other Loan Document, if Borrower or such Borrower Party has obtained a final and nonappealable judgment in its favor on such claim as determined by a court of competent jurisdiction; or
(C) result from any settlement by any Indemnitee of any claim or threatened claim that is otherwise subject to indemnification under this Section unless Borrower has consented in writing to such settlement, which consent
shall not be unreasonably withheld, conditioned or delayed; or (D) to the extent resulting from any dispute among Indemnitees (or their Related Parties); provided that the Administrative Agent to the extent fulfilling its role as an
agent under this Credit Agreement or the other Loan Documents in its capacity as such, shall remain indemnified. For avoidance of doubt, this Section 13.06(b) shall not apply with respect to Taxes other than any Taxes that
represent losses, claims, damages, etc. arising from any non-Tax claim. 
 (c) Reimbursement by Committed Lenders. To
the extent that Borrower for any reason fails to indefeasibly pay any amount required under subsection (a) or (b) of this Section 13.06 to be paid by it to Administrative Agent (or any
sub-agent thereof), or any Related 

  
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Party of any of the foregoing, each Committed Lender severally agrees to pay to Administrative Agent (or any such sub-agent) or such Related Party, as the case may be, such Committed
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 Administrative Agent (or any such sub-agent) in its capacity as such, or against any Related Party of any of the foregoing acting for Administrative Agent (or any
such sub-agent) in connection with such capacity. The obligations of the Committed Lenders under this subsection (c) are several. 

(d) Waiver of Consequential Damages, Etc. To the fullest extent permitted by applicable law, no party hereto shall
assert, and hereby waives, and acknowledges that no other Person shall have, any claim against any other party hereto, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages)
arising out of, in connection with, or as a result of, this Credit Agreement, any other Loan Document or any agreement or instrument contemplated hereby, the transactions contemplated hereby or thereby, any Loan or the use of the proceeds thereof.
No Indemnitee referred to in subsection (b) above shall be liable for any damages arising from the use by unintended recipients of any information or other materials distributed to such unintended recipients by such
Indemnitee through telecommunications, electronic or other information transmission systems in connection with this Credit Agreement or the other Loan Documents or the transactions contemplated hereby or thereby other than for direct or actual
damages resulting from the gross negligence or willful misconduct of such Indemnitee as determined by a final and nonappealable judgment of a court of competent jurisdiction. 

(e) Payments. All amounts due under this Section shall be payable not later than ten (10)
Business Days after demand therefor; provided, however, that if funds are not available in the Collateral Account, to the extent that it is necessary for Borrower to issue Capital Call Notices to fund such required payment, such
payment shall be made within twenty (20) Business Days after demand. 
 (f) Survival. The agreements in this
Section and the indemnity provisions of Section 13.07 shall survive the resignation of Administrative Agent; the replacement of any Lender; the termination of the Commitments and the repayment, satisfaction or
discharge of the Obligations. 
 13.07 Notice. 

(a) Generally. Any notice, demand, request or other communication which any party hereto may be required or may desire
to give hereunder shall be in writing (except where telephonic instructions or notices are expressly authorized herein to be given) and shall be delivered by hand or overnight courier service, mailed by certified or registered mail or sent by
telecopier as follows, except where electronic delivery is authorized and all notices and other communications expressly permitted hereunder to be given by telephone shall be made to the applicable telephone number, as follows: 

(i) If to any Borrower Party, Administrative Agent or any Funding Agent or Lender, at its notice address and numbers set forth
on Schedule 13.07 attached hereto. If to any Lender (other than directly from Administrative Agent), in case of Administrative Agent (which shall promptly provide a copy thereof to such Lender), at its notice address and numbers
set forth on Schedule 13.07 attached hereto. Each Lender agrees to provide 

  
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to Administrative Agent a written notice stating such Lender’s address, fax number, telephone number, email address and the name of a contact person, and Administrative Agent may, unless
otherwise provided herein, rely on such written notice for purposes of delivering any notice, demand, request or other communication under this Credit Agreement or any other Loan Document to such Lender unless and until a Lender provides
Administrative Agent with a written notice designating a different address, fax number, telephone number, email address or contact person. 

(ii) Any party may change its address for purposes of this Credit Agreement by giving notice of such change to the other
parties pursuant to this Section 13.07. With respect to any notice received by Administrative Agent from any Borrower Party or any Investor not otherwise addressed herein, Administrative Agent shall notify Lenders promptly of the
receipt of such notice, and shall provide copies thereof to Lenders. When determining the prior days’ notice required for any Loan Notice or other notice to be provided by a Borrower Party or an Investor hereunder, the day the notice is
delivered to Administrative Agent (or such other applicable Person) shall not be counted, but the day of the related Credit Extension or other relevant action shall be counted. 

(b) Effectiveness of Delivery. Notices sent by hand or overnight courier service, or mailed by certified or registered
mail, shall be deemed to have been given when received; notices sent by fax shall be deemed to have been given when sent (except that, if not given during normal business hours for the recipient, shall be deemed to have been given at the opening of
business on the next Business Day for the recipient). Notices sent via telephone, shall be deemed to have been given on the day and at the time reciprocal communication (i.e., direct communication between two or more persons, which shall not
include voice mail messages) with one of the individuals designated to receive notice occurs during a call to the telephone number or numbers indicated for such party. Notices delivered through electronic communications to the extent provided in
subsection (c) below, shall be effective as provided in such subsection (c). 

(c) Electronic Communications. Notices and other communications to Lenders hereunder (including financial statements and
notices under Section 9.01) may be delivered or furnished by electronic communication (including e-mail and Internet or intranet websites) pursuant to procedures approved by Administrative Agent, provided that the
foregoing shall not apply to notices to any Lender pursuant to Section 2 if such Lender has notified Administrative Agent that it is incapable of receiving notices under such Section by electronic communication.
Administrative Agent or Borrower may, each in its discretion, agree to accept notices and other communications to it hereunder by electronic communications pursuant to procedures approved by it, provided that approval of such procedures may
be limited to particular notices or communications. 
 (d) Effectiveness of E-mail Notice. Unless Administrative Agent
otherwise prescribes: (i) notices and other communications sent to an e-mail address shall be deemed received upon the sender’s receipt of an acknowledgement from the intended recipient (such as by the “return receipt
requested” function, as available, return e-mail or other written acknowledgement); and (ii) notices or communications posted to an Internet or intranet website shall be deemed received upon the deemed receipt by the intended recipient at
its e-mail address as described in the foregoing clause (i) of notification that such notice or communication is available and identifying the website address therefor; provided that for both
clauses (i) and (ii), if such notice, email or other communication is not sent during the normal business hours of the recipient, such notice, email or communication shall be deemed to have been sent at the
opening of business on the next Business Day for the recipient. 

  
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 (e) Reliance by Administrative Agent and Lenders. Administrative Agent and
the Lenders shall be entitled to rely and act upon any notices (including telephonic or electronic Loan Notices) purportedly given by or on behalf of Borrower even if: (i) such notices were not made in a manner specified herein, were
incomplete or were not preceded or followed by any other form of notice specified herein; or (ii) the terms thereof, as understood by the recipient, varied from any confirmation thereof. Borrower shall indemnify the Administrative Agent, each
Lender and the Related Parties of each of them from all losses, costs, expenses and liabilities resulting from the reliance by such Person on each notice purportedly given by or on behalf of Borrower. All telephonic notices to and other telephonic
communications with Administrative Agent may be recorded by Administrative Agent, and each of the parties hereto hereby consents to such recording. 

13.08 Governing Law. 

(a) GOVERNING LAW. THIS CREDIT AGREEMENT AND THE OTHER LOAN DOCUMENTS AND ANY CLAIMS, CONTROVERSY, DISPUTE OR CAUSE OF
ACTION (WHETHER IN CONTRACT OR TORT OR OTHERWISE) BASED UPON, ARISING OUT OF OR RELATING TO THIS CREDIT AGREEMENT OR ANY OTHER LOAN DOCUMENT (EXCEPT, AS TO ANY OTHER LOAN DOCUMENT, AS EXPRESSLY SET FORTH THEREIN) AND THE TRANSACTIONS CONTEMPLATED
HEREBY AND THEREBY SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK. 
 (b)
SUBMISSION TO JURISDICTION. EACH PARTY HERETO IRREVOCABLY AND UNCONDITIONALLY SUBMITS, FOR ITSELF AND ITS PROPERTY, TO THE NONEXCLUSIVE JURISDICTION OF THE COURTS 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 CREDIT AGREEMENT OR ANY OTHER LOAN DOCUMENT, AND EACH PARTY HERETO IRREVOCABLY AND
UNCONDITIONALLY AGREES THAT ALL CLAIMS IN RESPECT OF ANY SUCH ACTION, LITIGATION OR PROCEEDING MAY BE HEARD AND DETERMINED IN SUCH NEW YORK STATE COURT OR, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, IN SUCH FEDERAL COURT. EACH PARTY HERETO
AGREES THAT A FINAL JUDGMENT IN ANY SUCH ACTION, LITIGATION 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 CREDIT AGREEMENT OR IN ANY OTHER
LOAN DOCUMENT SHALL AFFECT ANY RIGHT THAT ANY PARTY HERETO MAY OTHERWISE HAVE TO BRING ANY ACTION OR PROCEEDING RELATING TO THIS CREDIT AGREEMENT OR ANY OTHER LOAN DOCUMENT AGAINST SUCH PARTY OR ITS RESPECTIVE PROPERTIES IN THE COURTS OF ANY
JURISDICTION. 
 (c) WAIVER OF VENUE. EACH PARTY HERETO IRREVOCABLY AND UNCONDITIONALLY WAIVES, TO THE FULLEST EXTENT
PERMITTED BY APPLICABLE LAW, ANY OBJECTION THAT IT MAY NOW OR HEREAFTER HAVE TO THE LAYING OF VENUE OF ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS CREDIT AGREEMENT OR ANY OTHER LOAN DOCUMENT IN ANY COURT REFERRED TO IN
CLAUSE (B) OF THIS SECTION. EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT 

  
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PERMITTED BY APPLICABLE LAW, THE DEFENSE OF AN INCONVENIENT FORUM TO THE MAINTENANCE OF SUCH ACTION OR PROCEEDING IN ANY SUCH COURT. 

(d) SERVICE OF PROCESS. EACH PARTY HERETO IRREVOCABLY CONSENTS TO SERVICE OF PROCESS IN THE MANNER PROVIDED FOR NOTICES
IN SECTION 13.07. NOTHING IN THIS CREDIT AGREEMENT WILL AFFECT THE RIGHT OF ANY PARTY HERETO TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY APPLICABLE LAW. EACH PARTY HERETO HEREBY AGREES THAT SERVICE OF ALL WRITS, PROCESS AND
SUMMONSES IN ANY SUCH SUIT, ACTION OR PROCEEDING BROUGHT IN THE STATE OF NEW YORK MAY BE BROUGHT UPON ITS PROCESS AGENT APPOINTED BELOW. 

13.09 Waiver of Jury Trial. EACH PARTY HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT
IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS CREDIT AGREEMENT OR ANY OTHER LOAN DOCUMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY
OTHER THEORY). EACH PARTY HERETO: (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PERSON HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PERSON WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE
FOREGOING WAIVER; AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS CREDIT AGREEMENT AND THE OTHER LOAN DOCUMENTS BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS
SECTION. 
 13.10 Invalid Provisions. If any provision of this Credit Agreement is held to be illegal, invalid, or
unenforceable under present or future laws effective during the term of this Credit Agreement, such provision shall be fully severable and this Credit Agreement shall be construed and enforced as if such illegal, invalid or unenforceable provision
had never comprised a part of this Credit Agreement, and the remaining provisions of this Credit Agreement shall remain in full force and effect and shall not be affected by the illegal, invalid or unenforceable provision or by its severance from
this Credit Agreement, unless such continued effectiveness of this Credit Agreement, as modified, would be contrary to the basic understandings and intentions of the parties as expressed herein. If any provision of this Credit Agreement shall
conflict with or be inconsistent with any provision of any of the other Loan Documents, then the terms, conditions and provisions of this Credit Agreement shall prevail. Without limiting the foregoing provisions of this
Section 13.10, if and to the extent that the enforceability of any provisions in this Credit 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. 
 13.11 Successors and Assigns. 

(a) Successors and Assigns Generally. The provisions of this Credit Agreement shall be binding upon and inure to the
benefit of the parties hereto and their respective successors and assigns permitted hereby, except that no Borrower Party may assign or otherwise transfer any of its rights or obligations hereunder without the prior written consent of each Lender
and no Lender may assign or otherwise transfer any of its rights or obligations hereunder except: (i) to an Eligible Assignee in accordance with the provisions of clauses (b) and (i) of this
Section 13.11 and Section 13.12; (ii) by way of participation in accordance with the provisions of clause (f) of this Section 13.11; or (iii) by way of pledge
or assignment or grant of a security interest subject to 

  
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the restrictions of clause (g) of this Section 13.11 (and any other attempted assignment or transfer by any party hereto shall be null and void).
Nothing in this Credit Agreement, expressed or implied, shall be construed to confer upon any Person (other than the parties hereto, their respective successors and assigns permitted hereby, Participants to the extent provided in
clause (f) of this Section 13.11, and, to the extent expressly contemplated hereby, the Indemnitees) any legal or equitable right, remedy or claim under or by reason of this Credit Agreement. 

(b) Assignments by Lenders. Any Lender may at any time assign to one or more Eligible Assignees (each, an
“Assignee”) all or a portion of its rights and obligations under this Credit Agreement (including all or a portion of its Commitment and the Loans at the time owing to it); provided that any such assignment shall be
subject to the following conditions: 
 (i) Minimum Amounts. 

(A) In the case of an assignment of the entire remaining amount of the assigning Committed Lender’s Commitment and/or the
Loans at the time owing to it, contemporaneous assignments to related Approved Funds that equal at least the amount specified in clause 13.11(b)(i)(B) of this Section in the aggregate, or, in the case of an
assignment to a Committed Lender, an Affiliate of a Committed Lender or an Approved Fund, no minimum amount need be assigned; and 

(B) in any case not described in subclause (A) above, the aggregate amount of the Commitments (which for
this purpose includes Loans outstanding thereunder) or, if the Commitments are not then in effect, the principal outstanding balance of the Loans subject to each such assignment, determined as of the date the Assignment and Assumption Agreement with
respect to such assignment is delivered to Administrative Agent or, if “Trade Date” is specified in the Assignment and Assumption Agreement, as of the Trade Date, shall not be less than $5,000,000, unless each of Administrative Agent and,
so long as no Event of Default has occurred and is continuing, Borrower, otherwise consents (each such consent not to be unreasonably withheld or delayed); provided, however, that concurrent assignments to members of an Assignee Group and concurrent
assignments from members of an Assignee Group to a single Assignee (or to an Assignee and members of its Assignee Group) will be treated as a single assignment for purposes of determining whether such minimum amount has been met. 

(ii) Proportionate Amounts. Each partial assignment shall be made as an assignment of a proportionate part of all the
assigning Lender’s rights and obligations under this Credit Agreement with respect to the Loans or the Commitment assigned. 

(iii) Required Consents. No consent shall be required for any assignment except as provided in the definition of
“Eligible Assignee.” For the avoidance of doubt, no consent shall be required for any assignment from a Conduit Lender to a Conduit Assignee or a Liquidity Provider. 

(iv) Assignment and Assumption Agreement. Other than an assignment by a Conduit Lender to a Conduit Assignee or a
Liquidity Provider, the parties to each assignment shall execute and deliver to Administrative Agent an Assignment and 

  
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Assumption Agreement, together with a processing and recordation fee in the amount of $3,500 (except in the case of a transfer at the demand of Borrower under Section 13.13, in
which case either Borrower or the transferee Lender shall pay such fee); provided, however, that the Administrative Agent may, in its sole discretion, elect to waive such processing and recordation fee in the case of any assignment.
The assignee, if it is not a Lender, shall deliver to the Administrative Agent an administrative questionnaire. 
 (v) No
Assignment to Certain Persons. No such assignment shall be made: (A) to a Borrower Party or any Affiliate or Subsidiary of any Borrower Party; (B) to any Defaulting Lender or any of its Subsidiaries, or any Person who, upon
becoming a Lender hereunder, would constitute any of the foregoing Persons described in this clause (B); (C) to a natural person; (D) to any Person that is not a Qualified Purchaser; or (E) to any Person that is not
an Eligible Assignee. 
 (vi) Borrower Requested Assignments. Each assignment made as a result of a demand by Borrower
under Section 13.13 shall be arranged by Borrower after consultation with Administrative Agent and shall be either an assignment of all of the rights and obligations of the assigning Lender under this Credit Agreement or an
assignment of a portion of such rights and obligations made concurrently with another assignment or assignments that together constitute an assignment of all of the rights and obligations of the assigning Lender. 

(vii) Certain Additional Payments. In connection with any assignment of rights and obligations of any Defaulting Lender
hereunder, no such assignment shall be effective unless and until, in addition to the other conditions thereto set forth herein, the parties to such assignment shall make such additional payments to 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 Borrower and Administrative
Agent, the applicable share of Loans previously requested but not funded by such Defaulting Lender, to each of which the applicable assignee and assignor hereby irrevocably consent), to: (A) pay and satisfy in full all payment liabilities
then owed by such Defaulting Lender to Administrative Agent or any Lender hereunder (and interest accrued thereon) and (B) acquire (and fund as appropriate) its applicable 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, then the
assignee of such interest shall be deemed to be a Defaulting Lender for all purposes of this Credit Agreement until such compliance occurs. 

(c) Lender Group Joinder Agreement. Upon the Borrower’s request, with the consent of the Administrative Agent,
which consent may not be unreasonably withheld, an additional Lender Group may be added to this Credit Agreement at any time by the execution and delivery of a Lender Group Joinder Agreement by the members of such proposed additional Lender Group,
the Borrower, the Administrative Agent and, if applicable, the Lenders, which execution and delivery shall not be unreasonably refused by such parties. Upon receipt of (i) an executed Lender Group Joinder Agreement and (ii) a completed
administrative questionnaire with respect to each member of such additional Lender Group, (A) each Person specified therein as a “Conduit Lender” shall become a party hereto as a Conduit Lender, entitled to the rights and subject to
the obligations of a Conduit Lender hereunder, (B) each Person specified therein as a 

  
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“Committed Lender” shall become a party hereto as a Committed Lender, entitled to the rights and subject to the obligations of a Committed Lender hereunder, (C) each Person
specified therein as a “Funding Agent” shall become a party hereto as a Funding Agent, entitled to the rights and subject to the obligations of a Funding Agent hereunder, (D) the Administrative Agent shall accept such Lender Group
Joinder Agreement and record the information contained therein in the Register, (E) subject to Section 2.14(a), the Maximum Commitment shall be increased by an amount equal to the aggregate Commitments of the Committed
Lenders party to such Lender Group Joinder Agreement and (F) Schedule 1.01A shall be deemed to be amended and supplemented to reflect such joinder. The Administrative Agent shall give each Funding Agent prompt notice of the
addition of any Lender Group. 
 (d) Effect of Assignment. Subject to acceptance and recording thereof by
Administrative Agent pursuant to clause (e) of this Section 13.11, from and after the effective date specified in each Assignment and Assumption Agreement, the Assignee thereunder shall be a party to this
Credit Agreement and, to the extent of the interest assigned by such Assignment and Assumption Agreement, have the rights and obligations of a Lender under this Credit Agreement, and the assigning Lender thereunder shall, to the extent of the
interest assigned by such Assignment and Assumption Agreement, be released from its obligations under this Credit Agreement (and, in the case of an Assignment and Assumption Agreement covering all of the assigning Lender’s rights and
obligations under this Credit Agreement, such Lender shall cease to be a party hereto) but shall continue to be entitled to the benefits and obligations of Sections 4.01, 4.04, 4.05 and
13.06 with respect to facts and circumstances occurring prior to the effective date of such assignment; provided, that, except to the extent otherwise expressly agreed by the affected parties, no assignment by a Defaulting
Lender will constitute a waiver or release of any claim of any party hereunder arising from that Lender’s having been a Defaulting Lender. Upon request, each applicable Borrower Party (at its expense) shall execute and deliver a Note to the
Funding Agent of the Assignee, if applicable, and the applicable existing Note or Notes shall be returned to the Borrower, as applicable. Any assignment or transfer by a Lender of rights or obligations under this Credit Agreement that does not
comply with this subsection shall be treated for purposes of this Credit Agreement as a sale by such Lender of a participation in such rights and obligations in accordance with clause (f) of this Section.

 (e) Register. Administrative Agent, acting solely for this purpose as a non-fiduciary agent of the Borrower Parties
(such agency being solely for tax purposes), shall maintain at Administrative Agent’s Office a copy of each Assignment and Assumption Agreement and Lender Group Joinder Agreement delivered to it (or the equivalent thereof in electronic form)
and a register for the recordation of the names and addresses of the Funding Agents, Lenders, and the Commitments of the Committed Lenders of, and principal amounts (and stated interest) of the Loans owing to, each Lender pursuant to the terms
hereof from time to time (the “Register”). The entries in the Register shall be conclusive absent manifest error, and each Borrower Party, Agents and the Lenders shall treat each Person whose name is recorded in the Register
pursuant to the terms hereof as a Funding Agent or Lender hereunder, as the case may be, for all purposes of this Credit Agreement. In addition, Administrative Agent shall maintain on the Register information regarding the designation, and
revocation of designation of any Committed Lender as a Defaulting Lender. The Register shall be available for inspection by the Borrower Parties, any Agent and any Lender, at any reasonable time and from time to time upon reasonable prior notice.

 Notwithstanding anything to the contrary set forth in this Credit Agreement and for avoidance of doubt, each Lender Group
with more than one Conduit Lender may, without the consent of the Borrower, assign to another Conduit Lender in its Lender Group all or a portion of its rights and obligations hereunder (including the outstanding Obligations and rights to payment

  
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of Principal Obligations and interest), as determined by the Administrative Agent from time to time. Each such assignment shall be recorded on the books and records of the Administrative Agent
and the relevant Conduit Lenders, without the need to execute and deliver an Assignment and Acceptance Agreement. For all purposes of this Credit Agreement and all related documents, with respect to each assignment under this
paragraph the relevant Conduit Lender shall be deemed to have the benefit of, and be subject to the obligations imposed by, an executed, delivered, accepted and recorded Assignment and Acceptance Assignment relating to such
assignment. 
 (f) Participations. Any Lender may at any time, without the consent of, or notice to, any Borrower
Party, Funding Agent or Administrative Agent, sell participations to any Person that is a Qualified Purchaser (other than a natural person, a Defaulting Lender, a Competitor or a Borrower Party or any Affiliate or Subsidiary thereof) (each, a
“Participant”) in all or a portion of such Lender’s rights and/or obligations under this Credit Agreement (including all or a portion of its Commitment and/or the Loans owing to it); provided that any Committed
Lender may sell a participation in its rights and obligations hereunder only with the written consent of the Conduit Lender(s)in its Lender Group, and provided, further that: (i) such Lender’s obligations under this
Credit Agreement shall remain unchanged; (ii) such Lender shall remain solely responsible to the other parties hereto for the performance of such obligations; and (iii) each Borrower Party, each Agent and the other Lenders shall continue
to deal solely and directly with such Lender in connection with such Lender’s rights and obligations under this Credit Agreement. For the avoidance of doubt, each Lender shall be responsible for the indemnity under
Section 13.06(c) without regard to the existence of any participation. 
 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 Credit Agreement and to approve any amendment, modification or waiver of any provision of this Credit Agreement;
provided that such agreement or instrument may provide that such Lender will not, without the consent of the Participant, agree to any amendment, waiver or other modification described in the second proviso of Section 13.01
that directly affects such Participant. Borrower agrees that each Participant shall be entitled to the benefits of Sections 4.01, 4.04, and 4.05 to the same extent as if it were a Lender and had
acquired its interest by assignment pursuant to clause (b) of this Section 13.11 (it being understood that the documentation required under Section 4.01(e) shall be delivered to the Lender who
sells the participation) to the same extent as if it were a Lender and had acquired its interest by assignment pursuant to clause (b) of this Section; provided that such Participant: (A) agrees to be
subject to the provisions of Sections 4.01, 4.06, 13.11 and 13.18 as if it were an assignee under clause (b) of this Section; and (B) shall not be
entitled to receive any greater payment under Sections 4.01 or 4.05 with respect to any participation, than the Lender from whom it acquired the applicable participation would have been entitled to receive, except to
the extent such entitlement to receive a greater payment results from a Change in Law that occurs after the Participant acquired the applicable participation. Each Lender that sells a participation agrees, at Borrower’s request and expense, to
use reasonable efforts to cooperate with Borrower to effectuate the provisions of Section 4.06 with respect to any Participant. To the extent permitted by law, each Participant also shall be entitled to the benefits of
Section 13.02 as though it were a Lender, provided such Participant agrees to be subject to Section 13.03 as though it were a Lender. Each Lender that sells a participation shall, acting solely for this purpose
as an agent of Borrower, maintain a register on which it enters the name and address of each Participant and the principal amounts (and stated interest) of each Participant’s interest in the Loans or other obligations under the Loan Documents
(the “Participant Register”); provided that no Lender shall have any obligation to disclose all or any portion of the Participant Register (including the identity of any Participant or any information relating to a
Participant’s interest in any 

  
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commitments, loans, letters of credit or its other obligations under any Loan Document) to any Person except to the extent that such disclosure is necessary to establish that such commitment,
loan, letter of credit or other obligation is in registered form under Section 5f.103-1(c) of the United States Treasury Regulations. The entries in the Participant Register shall be conclusive absent manifest error, and such Lender
shall treat each Person whose name is recorded in the Participant Register as the owner of such participation for all purposes of this Credit Agreement notwithstanding any notice to the contrary. For the avoidance of doubt, Administrative Agent (in
its capacity as Administrative Agent) shall have no responsibility for maintaining a Participant Register. 
 (g) Certain
Pledges. Any Lender may at any time pledge or assign or grant a security interest in all or any portion of its rights under this Credit Agreement (including under its Note, if any) to secure obligations of such Lender, including any pledge or
assignment or grant of a security interest to secure obligations to a Federal Reserve Bank, central bank or a collateral trustee or security agent for holders of commercial paper without notice to, or consent from, any Borrower Party or the
Administrative Agent; provided that no such pledge or assignment or grant of a security interest shall release such Lender from any of its obligations hereunder or substitute any such pledgee or assignee or grantee for such Lender as a party
hereto. 
 (h) Certain Conduit Lender Provisions. Without limiting the foregoing, a Conduit Lender may, from time to
time, with prior or concurrent notice to the Borrower and the Administrative Agent, in one transaction or a series of transactions, assign all or a portion of its interest in the Principal Obligation and its rights and obligations under this Credit
Agreement and any other Loan Documents to which it is a party to a Conduit Assignee. Upon and to the extent of such assignment by the Conduit Lender to a Conduit Assignee, (i) such Conduit Assignee shall become a Conduit Lender in the assigning
Conduit Lender’s Lender Group, with the Committed Lender and the Funding Agent in such Lender Group being the Committed Lender and Funding Agent, respectively, for such Conduit Assignee, (ii) such Conduit Assignee (as Conduit Lender) shall
be the owner of the assigned portion of the Principal Obligation, (iii) the related administrator for such Conduit Assignee will act as the Administrator for such Conduit Assignee, with all corresponding rights and powers, express or implied,
granted to an Administrator hereunder or under the other Loan Documents, (iv) such Conduit Assignee, any Related Commercial Paper Issuer, if such Conduit Assignee does not itself issue commercial paper, and their respective Liquidity
Provider(s) and other Related Parties shall have the benefit of all the rights and protections provided to the Conduit Lender and its Liquidity Provider(s) herein and in the other Loan Documents (including any limitation on recourse
against such Conduit Assignee or Related Parties, any agreement not to file or join in the filing of a petition to commence an insolvency proceeding against such Conduit Assignee, and the right to assign to another Conduit Assignee as provided in
this paragraph), (v) such Conduit Assignee shall assume all (or the assigned or assumed portion) of the Conduit Lender’s obligations, if any, hereunder or any other Loan Document, and the Conduit Lender shall be released from
such obligations, in each case to the extent of such assignment, and the obligations of the Conduit Lender and such Conduit Assignee shall be several and not joint, (vi) all distributions in respect of the Principal Obligation assigned shall be
made to the applicable Funding Agent, on behalf of the Conduit Lender and such Conduit Assignee on a pro rata basis according to their respective interests, (vii) the definition of the term “CP Rate” with respect to the portion of the
Principal Obligation funded with Commercial Paper issued by the Conduit Lender from time to time shall be determined in the manner set forth in the definition of “CP Rate” applicable to the Conduit Lender on the basis of the interest rate
or discount applicable to Commercial Paper issued by such Conduit Assignee rather than the original Conduit Lender, (viii) the defined terms and other terms and provisions of this Credit Agreement and the other Loan Documents shall be
interpreted in accordance with the 

  
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foregoing, and (ix) if requested by the Funding Agent or Administrator with respect to the Conduit Assignee, the parties will execute and deliver such further agreements and documents and
take such other actions as such Funding Agent or Administrator may reasonably request to evidence and give effect to the foregoing. No such assignment shall be made to a Conduit Assignee unless the Commercial Paper of such Conduit Assignee shall
have short-term credit ratings of “A-1” and “P-1” without the consent of Borrower. No assignment by a Conduit Lender to a Conduit Assignee of all or any portion of its interest in the Principal Obligation shall in any way
diminish the obligation of the Committed Lenders in such Conduit Lender’s Lender Group under Section 2.02 to fund any Loan not funded by the Conduit Lender or such Conduit Assignee or to acquire from the Conduit Lender or
such Conduit Assignee all or any portion of its interest in the Principal Obligation pursuant this Section 13.11(b)(i). 

(i) Certain Committed Lender Provisions. In the event that a Conduit Lender makes an assignment to a Conduit Assignee in
accordance with clause (h) above, the Committed Lenders in such Conduit Lender’s Lender Group: (i) if requested by the related Administrator, shall terminate their participation in the applicable Liquidity Agreement
to the extent of such assignment and shall execute (either directly or through a participation agreement, as determined by such Administrator) the liquidity agreement related to such Conduit Assignee, to the extent of such assignment, the terms of
which shall be substantially similar to those of the participation or other agreement entered into by such Committed Lender with respect to the applicable Liquidity Agreement (or which shall be otherwise reasonably satisfactory to the related
Administrator), (ii) if requested by such Conduit Lender, shall enter into such agreements as requested by such Conduit Lender pursuant to which they shall be obligated to provide funding to such Conduit Assignee on the same terms and
conditions as is provided for in this Credit Agreement in respect of such Conduit Lender (or which agreements shall be otherwise reasonably satisfactory to the Borrower and such Conduit Lender), and (iii) shall take such actions as the related
Administrator shall reasonably request in connection therewith. 
 13.12 Assignment to Committed Lenders. 

(a) Assignment Amounts. At any time on or prior to the Stated Maturity Date, if the Administrator on behalf of the
applicable Conduit Lender so elects, by written notice to the Administrative Agent, the Borrower and such Conduit Lender’s Funding Agent, such Conduit Lender hereby assigns effective on the Assignment Date referred to below all or such portions
as may be elected by such Conduit Lender of its interest in the Principal Obligation at such time to its Committed Lenders pursuant to this Section 13.12; provided, however, that unless such assignment is an
assignment of all such Conduit Lender’s interest in the Principal Obligation in whole on or after its Conduit Investment Termination Date, no such assignment shall take place pursuant to this Section 13.12 if an Event of
Default shall then exist; and provided, further, that no such assignment shall take place pursuant to this Section 13.12 at a time when such Conduit Lender is subject to any proceedings under any Debtor Relief Laws.
No further documentation or action on the part of such Conduit Lender, the Borrower, or the applicable Committed Lenders shall be required to exercise the rights set forth in the immediately preceding sentence, other than the giving of the notice by
the related Administrator on behalf of such Conduit Lender referred to in such sentence and the delivery by such Conduit Lender’s Funding Agent of a copy of such notice to each Committed Lender in the Lender Group (the date of the receipt by
the Administrative Agent of any such notice being the “Assignment Date”). Each Committed Lender hereby agrees, unconditionally and irrevocably and under all circumstances, without set-off, counterclaim or defense of any kind,
to pay the full amount of its Assignment Amount on such Assignment Date to such Conduit Lender in immediately available funds in Dollars based on the assigning Conduit Lender’s interest in the Principal Obligation, to an account designated by
such 

  
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Conduit Lender’s Funding Agent. Upon payment of its Assignment Amount, each such Committed Lender shall acquire an interest in the Principal Obligation equal to its Committed Lender
Percentage thereof. Upon any assignment in whole by a Conduit Lender to its Committed Lenders on or after its Conduit Investment Termination Date as contemplated hereunder, such Conduit Lender shall cease to make any additional Loans hereunder. At
all times prior to its Conduit Investment Termination Date, nothing herein shall prevent a Conduit Lender from making a subsequent Loan hereunder, in its sole discretion, following any assignment pursuant to this Section 13.12 or
from making more than one assignment pursuant to this Section 13.12. 
 (b) Additional Assignment
Amounts. The applicable Borrower Party may pay to Administrative Agent in Dollars, for the account of each Conduit Lender’s Funding Agent for the benefit of such Conduit Lender, in connection with any assignment by such Conduit Lender to
its Committed Lenders pursuant to this Section 13.12, an aggregate amount equal to all interest to accrue through the end of the current Interest Period to the extent attributable to the portion of the Loans so assigned to the
Committed Lenders (as determined immediately prior to giving effect to such assignment), plus all Obligations then due, other than the Loans and other than any interest described above, attributable to such portion of the Loans so assigned. If the
applicable Borrower Party does not make payment of such amounts at or prior to the time of assignment by a Conduit Lender to its Committed Lenders, such amount shall be paid by such Committed Lenders to the Conduit Lender as additional consideration
for the interests assigned to the Committed Lenders and, except to the extent the applicable Borrower Party makes payment of such amounts to the Committed Lender when due, the amount of the “Loans” hereunder held by such Committed Lenders
shall be increased by an amount equal to the additional amount so paid by such Committed Lenders. 
 (c) Administration of
Agreement after Assignment from Conduit Lender to Committed Lenders following the Conduit Investment Termination Date. After any assignment in whole by a Conduit Lender to its Committed Lenders pursuant to this Section 13.12
at any time on or after its Conduit Investment Termination Date (and the payment of all amounts owing to such Conduit Lender in connection therewith), all rights of the related Administrator set forth herein shall be given to the applicable Funding
Agent on behalf of its Committed Lenders instead of such Administrator. 
 (d) Payments to Administrative Agent. After
any assignment in whole by a Conduit Lender to its Committed Lenders pursuant to this Section 13.12 at any time on or after its Conduit Investment Termination Date, all payments to be made hereunder by a Borrower Party to the
Administrative Agent for the benefit of such Conduit Lender shall be made to the account specified by the applicable Funding Agent in writing to the Administrative Agent and the applicable Borrower Party. 

(e) Recovery of Loans. In the event that the aggregate of the Assignment Amounts paid by the Committed Lenders with
respect to any Lender Group pursuant to this Section 13.12 on any Assignment Date occurring on or after the Conduit Investment Termination Date for the related Conduit Lender is less than the Loans of such Conduit Lender on such
Assignment Date, then to the extent that payments or deposits thereafter received and applied by the Administrative Agent with respect to such Lender Group under Section 3.03 in respect of Loans exceed the aggregate of the
unrecovered Assignment Amounts and Loans funded by such Committed Lenders, such excess shall be remitted by the Administrative Agent to such Conduit Lender’s Funding Agent for the benefit of such Conduit Lender. 

  
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 13.13 Replacement of Funding Party or Lender Group. If any Borrower Party is entitled to
replace a Funding Party pursuant to the provisions of Section 4.06 (in any such case, an “Affected Funding Party”), then Borrower may, at its sole expense and effort: 

(a) by notice to the applicable Funding Party, and with the consent of the Administrative Agent and such Funding Party’s
Funding Agent (not to be unreasonably withheld or delayed), elect to replace such Affected Funding Party as a Funding Party to this Credit Agreement with an Eligible Assignee procured by Borrower, provided that no Default or Event of Default
shall have occurred and be continuing at the time of such replacement, and provided, further that, concurrently with such replacement such Eligible Assignee shall agree to purchase for cash the Loans and other Obligations due to the
Affected Funding Party pursuant to an Assignment and Assumption Agreement and to become a Funding Party for all purposes under this Credit Agreement and to assume all obligations of the Affected Funding Party to be terminated as of such date. Any
such Affected Funding Party shall assign its rights and interests hereunder (other than its existing rights to payment pursuant to Sections 4.01 and 4.04), such assignment to be effected in compliance with the
requirements of Section 13.11. In the event that such an assignment occurs, the Eligible Assignee: (i) if requested by the applicable Funding Agent, shall execute (either directly or through a participation agreement, as
determined by the Funding Agent) a Liquidity Agreement related to the applicable Conduit Lender, to the extent of such assignment, the terms of which shall be substantially similar to those of the participation or other agreement by the assigning
Committed Lender with respect to the applicable Liquidity Agreement (or which shall be otherwise reasonably satisfactory to the applicable Funding Agent); and (ii) shall take such actions as the Agents shall reasonably request in connection
therewith. A Funding Party shall not be required to make any such assignment or delegation if, prior thereto, as a result of a waiver by such Funding Party or otherwise, the circumstances entitling Borrower to require such assignment and delegation
cease to apply; and 
 (b) by notice to each member of the applicable Funding Party’s Lender Group, and with the consent
of the Administrative Agent (not to be unreasonably withheld or delayed), elect to replace the Affected Funding Party’s Lender Group with a Lender Group procured by Borrower, provided that no Default or Event of Default shall have
occurred and be continuing at the time of such replacement, and provided, further that, concurrently with such replacement the Lenders in such replacement Lender Group shall agree to purchase for cash the Loans and other Obligations
due to each Lender in the Affected Funding Party’s Lender Group pursuant to one or more Assignment and Assumption Agreements and to become a Funding Party for all purposes under this Credit Agreement and to assume all obligations of each Lender
in the Affected Funding Party’s Lender Group to be terminated as of such date. Each Lender in the Affected Funding Party’s Lender Group shall assign its rights and interests hereunder, such assignment to be effected in compliance with the
requirements of Section 13.11. 
 13.14 Maximum Rate. Regardless of any provision contained in any of the Loan
Documents, Funding Party shall never be entitled to receive, collect or apply as interest on the Obligations any amount in excess of the Maximum Rate, and, in the event that Funding Party ever receive, collect or apply as interest any such excess,
the amount which would be excessive interest shall be deemed to be a partial prepayment of principal and treated hereunder as such; and, if the principal amount of the Obligations is paid in full, any remaining excess shall forthwith be paid to the
applicable Borrower Party. In determining whether or not the interest paid or payable under any specific contingency exceeds the Maximum Rate, each Borrower Party and Funding Party shall, to the maximum extent permitted under applicable
law: (a) characterize any nonprincipal payment as an expense, fee or premium rather than as interest; (b) exclude voluntary prepayments and the effects thereof; and (c) amortize, prorate, allocate and spread, in equal parts, the
total amount of interest throughout the entire contemplated term of the 

  
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Obligations so that the interest rate does not exceed the Maximum Rate; provided that, if the Obligations are paid and performed in full prior to the end of the full contemplated term
thereof, and if the interest received for the actual period of existence thereof exceeds the Maximum Rate, each applicable Funding Party shall refund to the applicable Borrower Party the amount of such excess or credit the amount of such excess
against the principal amount of the Obligations and, in such event, Funding Parties shall not be subject to any penalties provided by any laws for contracting for, charging, taking, reserving or receiving interest in excess of the Maximum Rate. As
used herein, the term “applicable law” shall mean the law in effect as of the date hereof; provided, however, that in the event there is a change in the law which results in a higher permissible rate of interest, then
the Loan Documents shall be governed by such new law as of its effective date. 
 13.15 Headings. Section headings are for
convenience of reference only and shall in no way affect the interpretation of this Credit Agreement. 
 13.16 Survival of
Representations and Warranties. All representations and warranties made hereunder and in any other Loan Document or other document delivered pursuant hereto or thereto or in connection herewith or therewith shall survive the execution and
delivery hereof and thereof. Such representations and warranties have been or will be relied upon by Administrative Agent, each Funding Agent, and each Lender, regardless of any investigation made by Administrative Agent, any Funding Agent, or any
Lender or on their behalf and notwithstanding that Administrative Agent, any Funding Agent, or any Lender may have had notice or knowledge of any Default or Event of Default at the time of any Credit Extension, and shall continue in full force and
effect as long as any Loan or any other Obligation hereunder shall remain unpaid or unsatisfied. 
 13.17 Limited Liability of
Investors. None of the Investors, shall have any personal, partnership, corporate or trust liability for the payment or performance of the Obligations. Nothing contained in this Section 13.17 or in any of the other provisions
of the Loan Documents shall be construed to limit, restrict, or impede the obligations, the liabilities, and indebtedness of any Borrower Party, or of any Investor to make its Capital Contributions to Borrower in accordance with the terms of the
Operating Agreement and its Subscription Agreement. Notwithstanding anything contained in this Section 13.17, the payment and performance of the Obligations shall be fully recourse to Borrower Parties and their respective
properties and assets. 
 13.18 Confidentiality. Administrative Agent, each Funding Agent and each Lender agrees to maintain the
confidentiality of the Information (as defined below), except that Information may be disclosed: (a) to its and its Affiliates’ respective partners, directors, officers, employees, representatives, advisors and agents, including
accountants, legal counsel and other advisors in each case on a reasonable need-to-know basis (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 and that the Administrative Agent, Funding Agent, or Lender disclosing such information shall be liable for any disclosure in violation hereof by any of its own partners, directors, officers, employees,
representatives, advisors and agents, including accountants, legal counsel and other advisors); (b) to the extent required or requested by any regulatory authority (including any self-regulatory organization claiming to have jurisdiction), any
governmental or administrative agency or any bank examiner having jurisdiction over such Person; (c) to the extent required by applicable laws or regulations or by any subpoena or similar legal process; (d) to any other party to this
Credit Agreement or the Loan Documents; (e) in connection with the exercise of any remedies hereunder or any suit, action or proceeding relating to this Credit Agreement or under any other Loan Document or the enforcement of rights hereunder or
thereunder; (f) subject to an agreement containing provisions substantially the same as those of this Section to which the Borrower Parties are intended third party beneficiaries entitled to enforce such agreement,
to: (i) any Eligible Assignee of or Participant in, or any prospective Eligible 

  
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Assignee of or Participant in, any of its rights or obligations under this Credit Agreement; or (ii) any direct or indirect contractual counterparty or prospective counterparty (or such
contractual counterparty’s or prospective counterparty’s professional advisor) to any credit derivative transaction relating to obligations of the Borrower Parties; (g) with the consent of the applicable Borrower Party; (h) to
the extent such Information: (x) becomes publicly available other than as a result of a breach of this Section; (y) becomes available to Administrative Agent, any Funding Agent, or any Lender on a non-confidential basis from a source other than a Borrower Party; or (z) was independently developed by any Agent or any Lender from information obtained from a source other than a Borrower Party and in
compliance with this Section or, (i) subject to an agreement containing provisions substantially the same as those of this Section, to the National Association of Insurance Commissioners or any other similar
organization or any Rating Agency, Commercial Paper dealer first loss provider, service provider, provider of credit enhancement or liquidity to such Conduit Lender or any Person providing financing to, or holding equity interest in, such Conduit
Lender, or to any officers, directors, employees, outside accountants or attorneys of any of the foregoing; provided that with respect to this clause (i), such recipient has been advised of the confidential nature of such
Information and instructed to keep such Information confidential. Notwithstanding the foregoing, (i) except as set forth in clause (ii) of this sentence, or as otherwise set forth in clauses (a), (b), (c), (d),
(e) or (h) above, neither the identity of the Investors (other than by identification number and dollar amounts), nor the contents of the organizational documents or the subscription agreements or related subscription
booklets, offering memorandum and marketing materials, shall be revealed without the Borrower Parties consent (subject, with respect to clause (c) above, that obtaining the consent of such Borrower Party is permitted by law), and
(ii) without limiting clause (i) of this sentence, prior to revealing the identity of Investors (other than, in either case, by identification number and dollar amounts) to any Eligible Assignee of or Participant in, or any
prospective Eligible Assignee of or Participant in, any of its rights or obligations under this Credit Agreement, the applicable assignor shall, enter into an agreement containing provisions substantially the same as those of this
Section to which the Borrower Parties are intended third party beneficiaries entitled to enforce such agreement. Notwithstanding subsections (a) through (j), neither Administrative Agent, Funding Agent
nor any Lender shall disseminate any Information to a Competitor without the prior written consent of the Borrower. For the purposes of this Section, “Information” means all non-public, confidential or
proprietary information received from or on behalf of any Borrower Party relating to any Borrower Party or any of their Subsidiaries, Investors or Affiliates or its or their business; provided, that any information provided by or on behalf of
any Borrower Party shall be deemed non-public, confidential and proprietary unless specifically identified otherwise by such Borrower Party. 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. 

13.19 USA Patriot Act Notice. Each Lender and each Agent (for itself and not on behalf of any Lender) hereby notifies each Borrower
Party that pursuant to the requirements of the USA Patriot Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001)) (the “Patriot Act”), it is required to obtain, verify and record information
that identifies each Borrower Party, which information includes the name and address of each Borrower Party and other information that will allow such Lender or Administrative Agent, as applicable, to identify each Borrower Party in accordance with
the Patriot Act. 
 13.20 No Advisory or Fiduciary Responsibility. In connection with all aspects of each transaction contemplated
hereby (including in connection with any amendment, waiver or other modification hereof or of any other Loan Document), Borrower and each other Borrower Party acknowledges and agrees, and acknowledges its Affiliates’ understanding,
that: (a)(i) the arranging and other services regarding this Credit Agreement provided by Administrative Agent and the Arrangers, are arm’s-length commercial transactions between Borrower, each other Borrower Party and their
respective Affiliates, on the one hand, and Administrative Agent and the Arrangers, on the other hand; (ii) Borrower 

  
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and each other Borrower Party has consulted its own legal, accounting, regulatory and tax advisors to the extent it has deemed appropriate; and (iii) Borrower and each other Borrower Party
is capable of evaluating, and understands and accepts, the terms, risks and conditions of the transactions contemplated hereby and by the other Loan Documents; (b)(i) Administrative Agent and the Arrangers each is and has been acting solely as
a principal and, except as expressly agreed in writing by the relevant parties, has not been, is not, and will not be acting as an advisor, agent or fiduciary for Borrower or any other Borrower Party or any of their respective Affiliates, or any
other Person; and (ii) neither Administrative Agent nor the Arrangers has any obligation to Borrower or any other Borrower Party or any of their respective Affiliates with respect to the transactions contemplated hereby except those obligations
expressly set forth herein and in the other Loan Documents; and (c) Administrative Agent, each Lender and the Arrangers and their respective Affiliates may be engaged in a broad range of transactions that involve interests that differ from
those of Borrower or any other Borrower Party and their respective Affiliates, and neither Administrative Agent nor the Arrangers has any obligation to disclose any of such interests to Borrower or any other Borrower Party or any of their respective
Affiliates. To the fullest extent permitted by law, Borrower and each other Borrower Party hereby waives and releases any claims that it may have against Administrative Agent and the Arrangers with respect to any breach or alleged breach of agency
or fiduciary duty in connection with any aspect of any transaction contemplated hereby. 
 13.21 Qualified Purchaser. Each Lender
represents and warrants that it is a Qualified Purchaser. 
 13.22 No Bankruptcy Petition Against any Conduit Lender. Each of the
parties hereto hereby covenants and agrees that, prior to the date which is one year and one day after the payment in full of all outstanding Commercial Paper or other rated indebtedness of a Conduit Lender, it will not institute against, or
encourage, cooperate with or join any other Person in instituting against, such Conduit Lender any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings under the law of the United States or any state of the United States.
The provisions of this Section shall survive the termination of this Credit Agreement. 
 13.23 No Recourse Against
any Conduit Lender. Notwithstanding anything to the contrary contained in this Credit Agreement, the obligations of each Conduit Lender under this Credit Agreement and all other Loan Documents are solely the corporate obligations of such Conduit
Lender and shall be payable solely to the extent of funds received by such Conduit Lender from the Borrower Parties in accordance herewith or from any party to any Loan Document in accordance with the terms thereof in excess of funds necessary to
pay such Conduit Lender’s matured and maturing Commercial Paper or other rated indebtedness and, to the extent funds are not available to pay such obligations, the claims relating thereto shall not constitute a claim against such Conduit Lender
but shall continue to accrue. The payment of any claim (as defined in Section 101 of Title 11 of the Bankruptcy Code) of any party to this Credit Agreement or any other Loan Document against a Conduit Lender shall be
subordinated to the payment in full of all of such Conduit Lender’s Commercial Paper and other rated indebtedness. No recourse under or with respect to any obligation, covenant or agreement of any Conduit Lender as contained in this Credit
Agreement or any other agreement, instrument or document entered into by it pursuant hereto or in connection herewith shall be had against any manager or administrator of such Person or any incorporator, stockholder, member, officer, employee or
director of such Person or of any such manager or administrator, as such, by the enforcement of any assessment or by any legal or equitable proceeding, by virtue of any statute or otherwise. The provisions of this Section shall
survive the termination of this Credit Agreement. 
 13.24 Excess Funds. Notwithstanding any provisions contained in this Credit
Agreement to the contrary, no Conduit Lender shall, nor shall any Conduit Lender be obligated to, pay any amount pursuant to this Credit Agreement unless (i) such Conduit Lender has received funds which may be used 

  
 104 

 
to make such payment and which funds are not required to repay its commercial paper notes when due and (ii) after giving effect to such payment, either (x) such Conduit Lender could
issue commercial paper notes to refinance all of its outstanding commercial paper notes (assuming such outstanding commercial paper notes matured at such time) in accordance with the program documents governing its securitization program or
(y) all of such Conduit Lender’s commercial paper notes are paid in full. Any amount which any Conduit Lender does not pay pursuant to the operation of the preceding sentence shall not constitute a claim (as defined in
Section 101 of the United States Bankruptcy Code) against or obligation of such Conduit Lender for any such insufficiency unless and until such Conduit Lender satisfies the provisions of clauses (i) and
(ii) above. The provisions of this Section shall survive the termination of this Credit Agreement. 

13.25 Electronic Execution of Assignments and Certain Other Documents. The words “execute,” “execution,”
“signed,” “signature,” and words of like import in any Assignment and Assumption Agreement shall be deemed to include electronic signatures, the electronic matching of assignment terms and contract formations on electronic
platforms approved by Administrative Agent, or the keeping of records in electronic form, each of which shall be of the same legal effect, validity or enforceability as a manually executed signature or the use of a paper-based recordkeeping system,
as the case may be, to the extent and as provided for in any applicable law, including the Federal Electronic Signatures in Global and National Commerce Act, the New York State Electronic Signatures and Records Act, or any other similar state laws
based on the Uniform Electronic Transactions Act. 
 13.26 Counterparts; Integration; Effectiveness. This Credit Agreement may be
executed in counterparts (and by different parties hereto in different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract. This Credit Agreement, the other Loan
Documents and any separate letter agreements with respect to fees payable to 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 7.01, this Credit Agreement shall become effective when it shall have been executed by Administrative Agent and when
Administrative Agent shall have received counterparts hereof that, when taken together, bear the signatures of each of the other parties hereto. Delivery of an executed counterpart of a signature page of this Credit Agreement by fax or other
electronic imaging means shall be effective as delivery of a manually executed counterpart of this Credit Agreement. 
 13.27 Judgment
Currency. If, for the purposes of obtaining judgment in any court, it is necessary to convert a sum due hereunder or any other Loan Document in one currency into another currency, the rate of exchange used shall be that at which in accordance
with normal banking procedures Administrative Agent could purchase the first currency with such other currency on the Business Day preceding that on which final judgment is given. The obligation of each Borrower Party in respect of any such sum due
from it to Administrative Agent or any Lender hereunder or under the other Loan Documents shall, notwithstanding any judgment in a currency (the “Judgment Currency”) other than that in which such sum is denominated in
accordance with the applicable provisions of this Credit Agreement (the “Agreement Currency”), be discharged only to the extent that on the Business Day following receipt by Administrative Agent or such Lender, as the case
may be, of any sum adjudged to be so due in the Judgment Currency, Administrative Agent or such Lender, as the case may be, may in accordance with normal banking procedures purchase the Agreement Currency with the Judgment Currency. If the amount of
the Agreement Currency so purchased is less than the sum originally due to Administrative Agent or any Lender from any Borrower Party in the Agreement Currency, such Borrower Party agrees, as a separate obligation and notwithstanding any such
judgment, to indemnify Administrative Agent or such Lender, as the case may be, against such loss. If the amount of the Agreement Currency so purchased is greater than the sum originally due to Administrative Agent or any Lender in such currency,
Administrative Agent or such Lender, as the case may be, agrees to return the amount of any excess to such Borrower Party (or to any other Person who may be entitled thereto under applicable law). 

  
 105 

 13.28 Entire Agreement. THIS CREDIT AGREEMENT AND THE OTHER LOAN DOCUMENTS REPRESENT THE
FINAL AGREEMENT AMONG THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS, OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES. THERE ARE NO UNWRITTEN ORAL AGREEMENTS AMONG THE PARTIES. 

Remainder of page intentionally left blank 

signature pages follow. 

  
 106 

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

					
	 BORROWER:
  

TCW DIRECT LENDING LLC

		
	By: 	 	

		 	Name:	 	James Krause
		 	Title:	 	Chief Financial Officer, Treasurer and Secretary

 Signature Page to 

Amended and Restated Credit Agreement 

 
			
	ADMINISTRATIVE AGENT:
	
	NATIXIS, NEW YORK BRANCH, as Administrative Agent
		
	By: 	 	

		 	Name: Nick Mitra
		 	Title: Executive Director
		
	By:	 	

		 	Name: Henry J. Sandlass
		 	Title: Managing Director

 Signature Page to 

Amended and Restated Credit Agreement 

 
			
	LENDERS:
	
	NATIXIS, NEW YORK BRANCH, as Funding Agent and Committed Lender for the Natixis Lender Group
		
	By: 	 	

		 	Name: Nick Mitra
		 	Title: Executive Director
		
	By:	 	

		 	Name: Lorraine Medvecky
		 	Title: Managing Director

 Signature Page to 

Amended and Restated Credit Agreement 

 
			
	CAPITAL ONE, N.A., as a Committed Lender for the Capital One Lender Group
		
	By: 	 	

		 	Name: John Walsh
		 	Title: Senior Director

 Signature Page to 

Amended and Restated Credit Agreement 

 
			
	CITY NATIONAL BANK, a national banking association, as a Committed Lender for the City National Bank Lender Group
		
	By: 	 	

		 	Name: Brandon L. Feitelson, C.F.A.
		 	Title: Senior Vice President

 Signature Page to 

Amended and Restated Credit Agreement 

			
	COMMONWEALTH BANK OF AUSTRALIA, as a Committed Lender for the Commonwealth Bank of Australia Lender Group
		
	By: 	 	

		 	Name: Stephen McCarthy
		 	Title: Senior Associate

 Signature Page to 

Amended and Restated Credit Agreement 

 
			
	MUFG UNION BANK, N.A., as a Committed Lender for the MUFG Union Bank Lender Group
		
	By: 	 	

		 	Name: Rafael Vistan
		 	Title: Director

 Signature Page to 

Amended and Restated Credit Agreement 

 
			
	STATE STREET BANK AND TRUST COMPANY, as a Committed Lender for the State Street Bank Lender Group
		
	By: 	 	

		 	Name: Carolyn L. Baker
		 	Title:   Vice President

 Signature Page to 

Amended and Restated Credit Agreement 

 
Schedule 1.01A 
 COMMITMENTS AND LENDER GROUPS 

TCW DIRECT LENDING LLC 
  

											
	 Name of Lender Group
	  	 Funding Agent
	  	 Committed Lender
	  	Conduit
Lender	  	Commitment of
Committed
Lender	 
	 Natixis
	  	Natixis, New York Branch	  	Natixis, New York Branch	  	None	  	$	100,000,000	  
	 Capital One
	  	Capital One, N.A.	  	Capital One, N.A.	  	None	  	$	87,500,000	  
	 City National Bank
	  	City National Bank	  	City National Bank	  	None	  	$	25,000,000	  
	 Commonwealth Bank of Australia
	  	 Commonwealth Bank of Australia
	  	 Commonwealth Bank of Australia
	  	None	  	$	100,000,000	  
	 MUFG Union Bank
	  	MUFG Union Bank, N.A.	  	MUFG Union Bank, N.A.	  	None	  	$	87,500,000	  
	 State Street Bank
	  	State Street Bank and Trust Company	  	State Street Bank and Trust Company	  	None	  	$	100,000,000	  
		  		  		  		  	  
	  
	 
		  		  		  	Total	  	$	500,000,000	  
		  		  		  		  	  
	  
	 

 Schedule 1.01B 

MANDATORY COST FORMULAE 
 1. The Mandatory
Cost (to the extent applicable) is an addition to the interest rate to compensate Lenders for the cost of compliance with: 
  

	 	(a)	the requirements of the Bank of England and/or the Financial Conduct Authority and/or Prudential Regulation Authority (or, in either case, any other authority which replaces all or any of its functions); or

  

	 	(b)	the requirements of the European Central Bank. 

 2. On the first day of each Interest Period (or as soon as
possible thereafter) Administrative Agent shall calculate, as a percentage rate, a rate (the “Additional Cost Rate”) for each Lender, in accordance with the paragraphs set out below. The Mandatory Cost will be calculated
by Administrative Agent as a weighted average of the Lenders’ Additional Cost Rates (weighted in proportion to the percentage participation of each Lender in the relevant Loan) and will be expressed as a percentage rate per annum.
Administrative Agent will, at the request of Borrower, deliver to Borrower a statement setting forth the calculations of the Additional Cost Rate for each Lender and the Mandatory Cost. 

3. The Additional Cost Rate for any Lender lending from a Lending Office in a Participating Member State will be the percentage notified by that Lender to
Administrative Agent. This percentage will be certified by such Lender in its notice to Administrative Agent to be its reasonable determination of the cost (expressed as a percentage of such Lender’s participation in all relevant Loans made
from such Lending Office) of complying with the minimum reserve requirements of the European Central Bank in respect of Loans made from that Lending Office. 

4. Subject to paragraph 13 below and/or any changes agreed between the Required Lenders and Borrower in order to reflect market practice in relation to
fees or costs imposed by the Financial Conduct Authority and/or the Prudential Regulation Authority (as the case may be), the Additional Cost Rate for any Lender lending from a Lending Office in the United Kingdom will be calculated by
Administrative Agent as follows: 
  

	 	(a)	in relation to any Loan in Sterling: 

 AB+C(B-D)+E x 0.01 per cent per annum 

100 - (A+C) 
  

	 	(b)	in relation to any Loan in any currency other than Sterling: 

 E x
0.01        per cent per annum 
 300 

Where: 
  

	 	“A”	is the percentage of Eligible Liabilities (assuming these to be in excess of any stated minimum) which that Lender is from time to time required to maintain as an interest free cash ratio deposit with the Bank of
England to comply with cash ratio requirements. 

	 	“B”	is the percentage rate of interest (excluding the Applicable Margin, the Mandatory Cost and any interest charged on overdue amounts pursuant to the first sentence of Section 2.05(b) and, in the
case of interest (other than on overdue amounts) charged at the Default Rate, without counting any increase in interest rate effected by the charging of the Default Rate) payable for the relevant Interest Period of such Loan. 

 

	 	“C”	is the percentage (if any) of Eligible Liabilities which that Lender is required from time to time to maintain as interest bearing Special Deposits with the Bank of England. 

 

	 	“D”	is the percentage rate per annum payable by the Bank of England to Administrative Agent on interest bearing Special Deposits. 

  

	 	“E”	is designed to compensate Lenders for amounts payable under the Fees Rules and is calculated by Administrative Agent as being the average of the most recent rates of charge supplied by the Reference Banks to
Administrative Agent pursuant to paragraph 7 below and expressed in pounds per £1,000,000. 

  

	5.	For the purposes of this Schedule: 

 (a) “Eligible Liabilities” and
“Special Deposits” have the meanings given to them from time to time under or pursuant to the Bank of England Act 1998 or (as may be appropriate) by the Bank of England; 

(b) “Fees Rules” means the rules on periodic fees contained in the Financial Conduct Authority Fees Manual and/or the
Fees Manual of the Prudential Regulation Authority or such other law or regulation as may be in force from time to time in respect of the payment of fees for the acceptance of deposits; 

(c) “Fee Tariffs” means the fee tariffs specified in the Fees Rules under the activity group A.1 Deposit acceptors
(ignoring any minimum fee or zero rated fee required pursuant to the Fees Rules but taking into account any applicable discount rate) or such other equivalent fee tariffs payable to the Financial Conduct Authority and/or the Prudential Regulation
Authority (as the case may be); 
 (d) “Reference Banks” means four banks in the London interbank market selected by
Administrative Agent in consultation with Borrower (or all such banks if there are less than four); 
 (e) “Tariff
Base” has the meaning given to it in, and will be calculated in accordance with, the Fees Rules; 
 (f) “Financial
Conduct Authority” means the Financial Conduct Authority established pursuant to the Financial Services and Markets Act 2012 (or any successor authority); 

(g) “Participating Member State” means any member state of the European Union that has the euro as its lawful currency
in accordance with legislation of the European Union relating to Economic and Monetary Union; and 
 (h) “Prudential Regulation
Authority” means the Prudential Regulation Authority established pursuant to the Financial Services and Markets Act 2012 (or any successor authority). 

 6. In application of the above formulae, A, B, C and D will be included in the formulae as percentages
(i.e. 5% will be included in the formula as 5 and not as 0.05). A negative result obtained by subtracting D from B shall be taken as zero. The resulting figures shall be rounded to four decimal places. 

7. If requested by Administrative Agent or Borrower, each Reference Bank with a Lending Office in the United Kingdom or a Participating Member State shall, as
soon as practicable after publication by the Financial Conduct Authority and/or the Prudential Regulation Authority (as the case may be), supply to Administrative Agent and Borrower, the rate of charge payable by such Reference Bank to the Financial
Conduct Authority and/or the Prudential Regulation Authority (as the case may be) pursuant to the Fees Rules in respect of the relevant financial year of the Financial Conduct Authority and/or the Prudential Regulation Authority (as the case may be)
(calculated for this purpose by such Reference Bank as being the average of the Fee Tariffs applicable to such Reference Bank for that financial year) and expressed in pounds per £1,000,000 of the Tariff Base of such Reference Bank. 

8. Each Lender shall supply any information required by Administrative Agent for the purpose of calculating its Additional Cost Rate. In particular, but
without limitation, each Lender shall supply the following information in writing on or prior to the date on which it becomes a Lender: 

(a) the jurisdiction of the Lending Office out of which it is making available its participation in the relevant Loan; and 

(b) any other information that Administrative Agent may reasonably require for such purpose. 

Each Lender shall promptly notify Administrative Agent in writing of any change to the information provided by it pursuant to this
paragraph. 
 9. The percentages of each Lender for the purpose of A and C above and the rates of charge of each
Reference Bank for the purpose of E above shall be determined by Administrative Agent based upon the information supplied to it pursuant to paragraphs 7 and 8 above and on the assumption that, unless a Lender
notifies Administrative Agent to the contrary, each Lender’s obligations in relation to cash ratio deposits and Special Deposits are the same as those of a typical bank from its jurisdiction of incorporation with a lending office in the same
jurisdiction as its Lending Office. 
 10. Administrative Agent shall have no liability to any Person if such determination
results in an Additional Cost Rate which over- or under-compensates any Lender and shall be entitled to assume that the information provided by any Lender or Reference Bank pursuant to paragraphs 3, 7 and
8 above is true and correct in all respects. 
 11. Administrative Agent shall distribute the additional amounts
received as a result of the Mandatory Cost to the Lenders on the basis of the Additional Cost Rate for each Lender based on the information provided by each Lender and each Reference Bank pursuant to paragraphs 3, 7
and 8 above. 
 12. Any determination by Administrative Agent pursuant to this Schedule in relation to a formula, the
Mandatory Cost, an Additional Cost Rate or any amount payable to a Lender shall, in the absence of manifest error, be conclusive and binding on all parties hereto. 

13. Administrative Agent may from time to time, after consultation with Borrower and the Lenders, determine and notify to all parties hereto any amendments
which are required to be made to this Schedule in order to comply with any change in law, regulation or any requirements from time to time 

 
imposed by the Bank of England, the Financial Conduct Authority, the Prudential Regulation Authority or the European Central Bank (or, in any case, any other authority which replaces all or any
of its functions) and any such determination shall, in the absence of manifest error, be conclusive and binding on all parties hereto. 

 Schedule 13.07 

ADDRESSES FOR NOTICE 
  

			
	If to any Borrower Party:	  	If to Administrative Agent:
		
	 c/o The TCW Group, Inc.
 865 S. Figueroa
Street
 Los Angeles, California 90017
 Attention: Meredith
Jackson
 Telephone: (213) 244-0896
 Email:
meredith.jackson@tcw.com
	  	 Natixis, New York Branch
 1251 Avenue of
Americas, 4th Floor
 New York, New York 10020
 Attention:
Hank Sandlass
 Telephone: (212) 891-5868
 Fax:
(212) 891-5780
 Email: hank.sandlass@us.natixis.com
  

With a copy to:
  

Natixis, New York Branch
 1251 Avenue of the Americas, 5th
Floor
 New York, NY 10020
 Attention: Legal Department

Telephone: (212) 891-6100
 Fax: (212) 891-1922

Email: legal.notices@us.natixis.com

 EXHIBIT A 

to Amended and Restated Revolving Credit Agreement 

by and among 
 TCW DIRECT
LENDING LLC, 
 as Borrower, 

and 
 NATIXIS, NEW YORK
BRANCH, 
 as Administrative Agent 

[RESERVED.] 

  

Exhibit A – Page 1 

 EXHIBIT B 

to Amended and Restated Revolving Credit Agreement 

by and among 
 TCW DIRECT
LENDING LLC, 
 as Borrower, 

and 
 NATIXIS, NEW YORK
BRANCH, 
 as Administrative Agent 

REVOLVING CREDIT NOTE 
  

			
	 $                
	 	            , 20        

  

	1.	FOR VALUE RECEIVED, TCW DIRECT LENDING LLC, a Delaware limited liability company (“Maker”), hereby unconditionally promises to pay to
             (“Payee”), at the principal office of [Natixis, New York Branch, as Funding Agent (“Funding Agent”) for the Lender Group under
the Credit Agreement referred to below][Natixis, New York Branch, as Administrative Agent for the account of each of the Lenders under the Credit Agreement referred to below (“Administrative Agent”)] or such other office as
[Funding Agent][Administrative Agent] designates, the principal sum of                      AND NO/100 DOLLARS ($XX), or, if less, the unpaid
principal amount of the Loans then outstanding, together with accrued interest thereon, in lawful money of the United States of America. 

  

	2.	This promissory note (this “Note”) has been executed and delivered pursuant to that certain Amended and Restated Revolving Credit Agreement, dated as of December 22, 2014 (as amended,
modified, supplemented, or restated from time to time, the “Credit Agreement”), by and among TCW Direct Lending LLC, as borrower, Natixis, New York Branch, as Administrative Agent, and the lenders from time to time party
thereto, and is one of the “Notes” referred to therein. Capitalized terms not defined herein shall have the meanings assigned to such terms in the Credit Agreement. This Note evidences Loans made under the Credit Agreement,
and the holder of this Note shall be entitled to the benefits provided in the Credit Agreement. Reference is hereby made to the Credit Agreement for a statement of: (a) the obligation of Payee to make advances thereunder; (b) the
prepayment rights and obligations of Maker; (c) the collateral for the repayment of this Note; and (d) the events upon which the maturity of this Note may be accelerated. Maker may borrow, repay and reborrow upon the terms and conditions
specified in the Credit Agreement. 

  

	3.	The unpaid principal amount of this Note shall be payable in accordance with the terms of Sections 3.03 and 13.14 of the Credit Agreement, which provisions are hereby incorporated by reference in this
Note as if fully set forth herein. 

  

	4.	The unpaid principal amount of this Note shall bear interest from the date of borrowing until maturity in accordance with Sections 2.05, 2.06, 2.11 and 13.14 of the Credit Agreement. Interest on this
Note shall be payable in accordance with Sections 3.02, 3.03, and 13.14 of the Credit Agreement. 

  

	5.	All Borrowings and continuations of Loans hereunder, and all payments made with respect thereto, may be recorded by Payee from time to time on grid(s) which may be attached hereto, or Payee may record such
information by such other method as Payee may generally employ; provided, however, that failure to make any such entry shall in no way reduce or diminish Maker’s obligations hereunder. The aggregate unpaid amount of all Borrowings
and continuations of Loans set forth on grid(s) which may be attached hereto shall be rebuttably presumptive evidence of the unpaid principal amount of this Note or under the Credit Agreement. 

  

Exhibit B – Page 1 

	6.	If this Note, or any installment or payment due hereunder, is not paid when due, whether at maturity or by acceleration, or if it is collected through a bankruptcy, probate or other court, whether before or after
maturity, Maker agrees to pay all out-of-pocket costs of collection, including, but not limited to, reasonable and documented attorneys’ fees incurred by the holder
hereof and costs of appeal, in each case, as provided in the Credit Agreement. All past-due principal of, and, to the extent permitted by applicable Law, past-due
interest on, this Note shall bear interest until paid at the Default Rate as provided in the Credit Agreement. 

  

	7.	Maker and all sureties, endorsers, guarantors and other parties ever liable for payment of any sums payable pursuant to the terms of this Note, jointly and severally waive (except as expressly provided in the Credit
Agreement) demand, presentment for payment, protest, notice of protest, notice of acceleration, notice of intent to accelerate, diligence in collection, the bringing of any suit against any party, and any notice of or defense on account of any
extensions, renewals, partial payment, or any releases or substitutions of any security, or any delay, indulgence, or other act of any trustee or any holder hereof, whether before or after maturity. 

 

	8.	Pursuant to Section 5-1401 of the New York General Obligations Law, the substantive laws of the State of New York, without regard to the choice of law principles that might otherwise apply, and the
applicable federal Laws of the United States of America, shall govern the validity, construction, enforcement and interpretation of this Note. 

  

	9.	Reference is hereby made to Section 13.17 of the Credit Agreement regarding the non-personal liability of the Investors, the provisions of which are hereby
incorporated by reference in this Note as if fully set forth herein, for the payment and performance of Maker’s obligations hereunder. 

  

			
	MAKER:
	
	TCW DIRECT LENDING LLC
		
	 By:
	 	  

		 	Name:
		 	Title:

  

Exhibit B – Page 2 

 EXHIBIT C 

to Amended and Restated Revolving Credit Agreement 

by and among 
 TCW DIRECT
LENDING LLC, 
 as Borrower, 

and 
 NATIXIS, NEW YORK
BRANCH, 
 as Administrative Agent 

LOAN NOTICE 

            , 20     

 

			
	 Natixis, New York Branch
 1251
Avenue of the Americas, 4th Floor
 New York, NY 10020

					
	Attention:
 Telephone:
 Fax:

Email:
	 	Hank Sandlass
 (212) 891-5868

(212) 891-5780
 hank.sandlass@us.natixis.com
	 	

  

					
	 with a copy to:
	 	Nick.Mitra@us.natixis.com
 Terrence.Gregersen@us.natixis.com

Hana.Beckles@us.natixis.com

Yazmin.Vasconez@us.natixis.com
	  	

 Ladies and Gentlemen: 

This Loan Notice is executed and delivered by TCW DIRECT LENDING LLC, a Delaware limited liability company
(“Borrower”) [and [QUALIFIED BORROWER], a [            ] (“Qualified Borrower”)], to Natixis, New York Branch, as administrative agent
(“Administrative Agent”), pursuant to Section 2.02 of that certain Amended and Restated Revolving Credit Agreement, dated as of December 22, 2014 (as amended, modified, supplemented, or restated from time to
time, the “Credit Agreement”), by and among Borrower, Administrative Agent, and the lenders from time to time party thereto. Capitalized terms not defined herein shall have the meanings assigned to such terms in the Credit
Agreement. 
 Complete the following: 
  

	1.	Borrower [and Qualified Borrower] hereby request[s] (check one box only): 

  

	 	 ̈	A Borrowing 

  

	 	 ̈	A conversion of [Eurocurrency] [Base] [Floating LIBOR] Rate Loan 

  

	 	 ̈	A continuation of Eurocurrency Rate Loan 

  

	 	(a)	On                      (a Business Day) 

 

	 	(b)	In the amount of $             

  

Exhibit C – Page 1 

	 	(c)	In [Dollars][Canadian Dollars][Euros][Sterling][insert other Alternative Currency permitted pursuant to Section 1.06 of the Credit Agreement] 

 

	 	(d)	[If any portion of the Borrowing is not to be funded by a Conduit Lender through the issuance of Commercial Paper, such portion shall be a [Base Rate Loan] [Eurocurrency Rate Loan] (it being understood that if any
Conduit Lender elects to fund any portion of a Loan through its Liquidity Provider, the interest rate (for the period prior to the time such portion of such Loan is funded through the issuance of Commercial Paper) which shall apply to such portion
of such Borrowing shall be determined in the reasonable discretion of the applicable Funding Agent).] 

  

	 	(e)	[For a Eurocurrency Rate Loan: with an Interest Period of                      months.] 

 

	 	(f)	[For a conversion: the [Eurocurrency][Base][Floating LIBOR] Rate Loans referenced above shall be converted to [Eurocurrency][Base][Floating LIBOR] Rate Loans.] 

 

	2.	In connection with the [Borrowing] [continuation] [conversion] requested herein, Borrower[s] hereby represent[s], warrant[s], and certif[y][ies] to Administrative Agent for the benefit of Lenders that:

  

	 	(a)	On and as of the date of such Borrowing, the statements contained in Sections 7.02(a) and 7.02(b) are accurate; 

 

	 	(b)	Following the requested [Borrowing] [continuation] [conversion], the Principal Obligation will be $        ; 

 

	 	(c)	After giving effect to such [Borrowing] [continuation] [conversion], the Principal Obligation on and as of the date of such [Borrowing] [continuation] [conversion] will not exceed the Available Commitment on and as of
such date, based on the most recent information available to the Borrowers; and 

  

	 	(d)	Set forth on Schedule I to this Loan Notice (which shall be the Borrowing Base Certificate for purposes of this Loan Notice) are: (i) the Capital Commitments of Borrowing Base Investors;
(ii) the Unfunded Commitments of Borrowing Base Investors; and (iii) a calculation of the Available Commitment, in each case, on and as of the date of [Borrowing] [continuation] [conversion] requested herein. 

 

	3.	Following are Borrower’s instructions for distribution of loan proceeds (appropriate wire instructions, etc.): 1 

REMAINDER OF PAGE INTENTIONALLY LEFT BLANK.

 SIGNATURE PAGE(S) FOLLOW. 

 

	1 	NTD: Insert. 

  

Exhibit C – Page 2 

 This Loan Notice is executed on
            , 20    . 
  

			
	BORROWER:
	
	TCW DIRECT LENDING LLC
		
	By:	 	  

		 	Name:
		 	Title:

  

Exhibit C – Page 3 

 SCHEDULE I 

DATED AS OF             , 20     

Calculation of Available Commitment2 

 

					
	 Borrowing Base Investors
	  	Capital Commitment	  	Eligible Designated/Included
Unfunded Commitment
	 [NAMES]
	  		  	

  

									
	 Eligible Included Unfunded Commitments of Included Investors:
	  	$	            	  	  	 	[A	] 
			
	 [A] multiplied by 90%:
	  	$	 	  	  	 	[B	] 
			
	 Eligible Designated Unfunded Commitments of Designated Investors:
	  	$	 	  	  	 	[C	] 
			
	 [C] multiplied by 65%3:
	  	$	 	  	  	 	[D	] 
			
	 Borrowing Base (sum of [B] and [D]):
	  	$	 	  	  	 	[E	] 
			
	 Maximum Commitment:
	  	$	 	  	  	 	[F	] 
			
	 Principal Obligation prior to giving effect to the requested Borrowing, if any:
	  	$	 	  	  	 	[G	] 
			
	 Amount of requested Borrowing, if any:
	  	$	 	  	  	 	[H	] 
			
	 FX Reserve Amount (an amount equal to (x) five percent (5.0%) of the Dollar Equivalent of
outstanding Loans, prior to the requested Borrowing, if any, denominated in Alternative Currencies + (y) five percent (5.0%) of the Dollar Equivalent of the requested Borrowing, if any, denominated in Alternative
Currencies):
	  	$	 	  	  	 	[I	] 
			
	 Maximum Commitment minus FX Reserve Amount ([F] minus [I]):
	  	$	 	  	  	 	[J	] 
			
	 Borrowing Base minus FX Reserve Amount ([E] minus [I]):
	  	$	 	  	  	 	[K	] 
			
	 Available Commitment after taking into account the requested Borrowing, if any (lesser of [J]
and [K]):
	  	$	 	  	  	 	[L	] 
			
	 Maximum amount of Loans that may be advanced after taking into account the requested Borrowing, if any ([L]
minus [G] minus [H]):
	  	$	 	  	  	 	[M	] 

  

	2 	All in this Schedule I are reflected in the Dollar Equivalent of such amount. 

	3 	Subject to Aggregate Concentration Limit and Individual Concentration Limit 

  

Exhibit C – Schedule I 

 EXHIBIT D 

to Amended and Restated Revolving Credit Agreement 

by and among 
 TCW DIRECT
LENDING LLC, 
 as Borrower, 

and 
 NATIXIS, NEW YORK
BRANCH, 
 as Administrative Agent 

SECURITY AGREEMENT 

                , 20     

THIS SECURITY AGREEMENT is executed and delivered as of December 22, 2014 (the “Security Agreement”), by
TCW DIRECT LENDING LLC, a Delaware limited liability company (“Borrower”), in favor of NATIXIS, NEW YORK BRANCH, as administrative agent (“Administrative Agent”), for the benefit of the
Secured Parties (hereinafter defined). Capitalized terms not defined herein shall have the meanings assigned to such terms in the Credit Agreement referred to below. 
  

	1.	Existence of Borrower. Borrower was formed pursuant to that certain Certificate of Formation dated as of April 1, 2014 and is governed pursuant to that certain Second Amended and Restated Agreement of
Limited Liability Company Agreement dated as of September 19, 2014 (as amended, modified, supplemented, or restated from time to time, the “Operating Agreement”). 

 

	2.	Capital Calls. Pursuant to the Operating Agreement, Borrower may make one or more Capital Calls upon the Investors to make Capital Contributions to the capital of Borrower subject to certain limitations specified
in the Operating Agreement. 

  

	3.	Credit Agreement. Borrower and Administrative Agent have entered into a Amended and Restated Revolving Credit Agreement, dated as of December 22, 2014 (as amended, modified, supplemented, or restated from
time to time, the “Credit Agreement”), relating to a revolving credit facility. Administrative Agent, the Lenders and Liquidity Providers are herein collectively referred to as “Secured Parties” and
each individually referred to as a “Secured Party.” To secure the Obligations under the Credit Agreement, Borrower has agreed to pledge and assign to Administrative Agent, for the benefit of the Secured Parties,
Borrower’s rights to make Capital Calls under the Operating Agreement, to receive payment of each Investor’s Capital Contributions, and to enforce the payment of Capital Contributions by each Investor pursuant to the Operating Agreement.

  

	4.	Collateral and Obligations. In order to secure the Obligations, Borrower hereby grants to Administrative Agent for the benefit of the Secured Parties, to the extent permitted by law and subject to the terms and
conditions of this Security Agreement and the Operating Agreement, a first priority security interest (except to the extent of Permitted Liens) and lien in and to the following (the “Collateral”): 

 

	 	(a)	Borrower’s right to make Capital Calls, and all other rights, titles, interests, powers and privileges related to, appurtenant to or arising out of Borrower’s right to require or demand that Investors make
Capital Contributions to the capital of Borrower, in each case, in accordance with the Operating Agreement; 

  

Exhibit D – Page 1 

	 	(b)	Borrower’s rights, titles, interests and privileges in and to the Capital Contributions, whether now owned or hereafter acquired, and any other rights of Borrower to receive the same; and 

 

	 	(c)	Borrower’s rights, titles, interests, remedies, and privileges under the Operating Agreement relating to Capital Contributions and any other rights of Borrower under the Operating Agreement to call for additional
Capital Contributions or the enforcement thereof. 

 Administrative Agent acknowledges that the Collateral does not include
(i) an interest in any Investor’s Membership Interest in Borrower, or (ii) those items excluded from the definition of Collateral pursuant to the last paragraph of Section 5.01 of the Credit Agreement. 

Administrative Agent, in its discretion, without in any manner impairing any of its rights and powers of the Secured Parties hereunder, may,
at any time and from time to time, without further consent of or notice to Borrower, with or without valuable consideration, file this Security Agreement or a photocopy hereof, or any financing statement with respect hereto covering the Collateral
(and any amendment, modification, supplement or continuation in respect of any such financing statement). 
  

	5.	Warranties and Covenants. Borrower hereby warrants to Administrative Agent for the benefit of the Secured Parties and covenants and agrees with Administrative Agent for the benefit of Secured Parties as follows:

  

	 	(a)	That Borrower is the sole, legal and equitable owner of the Capital Commitments and the Capital Contributions and the sole, legal and equitable owner and holder of the right to make Capital Calls and has the authority
to execute this Security Agreement, and this Security Agreement constitutes the legal and binding obligation of Borrower enforceable in accordance with the terms hereof, subject to Debtor Relief Laws and to general principles of equity;

  

	 	(b)	That Borrower has not heretofore transferred, assigned, pledged, hypothecated or granted any security interest in all or any portion of the Collateral which has not been released in accordance with the terms of the
Credit Agreement; that it has full right and power to make the transfer, pledge and assignment and grant the security interests granted hereby; that, to the extent required by the Operating Agreement, all Investors have been or will be notified of,
and have acknowledged the transfer, pledge and assignment contained herein; and that this Security Agreement is effective to accomplish the transfer, pledge, assignment, and grant of the security interests granted hereby; 

 

	 	(c)	That Borrower has received direct or indirect benefit from the loans evidenced by the Notes; and that the grant of the security interest in the Collateral hereunder was a condition to the granting of such loans;

  

	 	(d)	 That Borrower shall execute and deliver (as applicable) (i) such forms, authorizations, documents and instruments, and do such other things, as
Administrative Agent shall reasonably request, in order to require that all Investors deposit into the Collateral Account all monies or sums paid or to be paid by them as and when Capital Contributions are made pursuant to the Operating Agreement;
and (ii) any financing statements or other documents which Administrative Agent reasonably requests to protect or perfect the pledge and grant of the security interests made herein (all of which shall be deemed part of the Collateral Documents)
to Administrative Agent, as Administrative Agent acting on 

  

Exhibit D – Page 2 

	 	
behalf of the Secured Parties may reasonably request from time to time, for the purpose of granting to, protecting, maintaining or perfecting in favor of the Secured Parties, first priority
security interests in any of the Collateral (subject to Permitted Liens), together with other assurances of the enforceability of the liens and assurances of due recording and documentation of the Collateral Documents or copies thereof, as
Administrative Agent may reasonably require to avoid material impairment of the liens and security interests granted or purported to be granted pursuant to this Security Agreement; and 

 

	 	(e)	That neither Administrative Agent nor Secured Parties shall be responsible in any way for any depreciation in the value of the Collateral nor have any duty or responsibility whatsoever to take any steps to preserve any
rights of Borrower in the Collateral or under the Operating Agreement. 

  

	6.	Remedies Upon Event of Default. 

  

	6.1	Capital Call Rights. 

  

	 	(a)	Administrative Agent, on behalf of the Secured Parties, is hereby authorized, in the name of Borrower, at any time upon the occurrence and during the continuation of an Event of Default, (i) to notify the Investors
obligated to Borrower with respect to the Capital Contributions to make all payments due or to become due thereon directly to the Administrative Agent for the benefit of the Secured Parties at a different account than that specified in the Credit
Agreement, or (ii) to initiate one or more Capital Calls in order to pay the Obligations (which Capital Calls may be in an amount required to result in payment in full of the outstanding Obligations). In order to secure further the payment and
performance of the Obligations and to effect and facilitate the Secured Parties’ right of setoff, in each case, upon the occurrence and during the continuance of an Event of Default, Borrower hereby irrevocably appoints Administrative Agent as
the attorney-in-fact entitled in the name of Borrower upon the occurrence and during the continuance of an Event of Default, to make Capital Calls upon the Investors pursuant to the terms of the applicable Subscription Agreement and the Operating
Agreement. 

  

	 	(b)	With or without such general notification as set forth in Section 6.1(a) above, upon the occurrence and during the continuation of an Event of Default, Administrative Agent, on behalf of the Secured
Parties, may, in accordance with the Operating Agreement: (i) make Capital Calls in the name of Borrower; (ii) take or bring, in Borrower’s name or that of Administrative Agent for the benefit of the Secured Parties, all steps,
actions, suits or proceedings reasonably deemed by Administrative Agent as necessary to effect possession or collection of payments constituting Collateral; (iii) complete any contract or agreement of Borrower evidencing or constituting any of
the Collateral; (iv) take such actions with respect to the Capital Commitments as are necessary in order to pay the Obligations, and to perform the Subscription Agreements and the Operating Agreement to the extent required to effect such
actions; (v) make allowances or adjustments related to the Capital Calls; (vi) compromise any claims related to the Capital Calls; (vii) issue credit in its own name or the name of Borrower to the extent necessary to reflect the
making of a Capital Contribution to Borrower that is not otherwise reflected in the capital accounts of Borrower; or (viii) exercise any right, privilege, power, or remedy provided to Borrower under its Constituent Documents, or the
Subscription Agreements or relating to the right to call for and to receive Capital Contributions, in each case, in accordance with the Constituent Documents and/or the Subscription Agreements. 

  

Exhibit D – Page 3 

	 	(c)	Administrative Agent, on behalf of the Secured Parties, is hereby authorized and empowered, upon the occurrence and during the continuation of an Event of Default, on behalf of Borrower and in accordance with the
Operating Agreement, to endorse the name of Borrower upon any check, draft, instrument, receipt, instruction or other document, agreement or item constituting Collateral or proceeds thereof, including, but not limited to, any item evidencing payment
upon a Capital Contribution of any Investor to Borrower coming into Administrative Agent’s or any Secured Party’s possession, and to receive and apply the proceeds therefrom in accordance with the terms of the Credit Agreement.

  

	 	(d)	Upon the occurrence and during the continuation of an Event of Default, issuance by Administrative Agent, on behalf of the Secured Parties, of a receipt to any Investor obligated to pay any Capital Contributions to
Borrower shall be a full and complete release, discharge and acquittance of such Investor to the extent of any amount so paid to the Collateral Account or otherwise to the Administrative Agent for the benefit of the Secured Parties, so long as such
amount shall not be invalidated, declared to be fraudulent or preferential, set aside or required to be repaid to a trustee, receiver or any other Person under any bankruptcy act or code, state or federal law, common law or equitable doctrine.

  

	 	(e)	All actions taken pursuant to this Section 6.1 shall be subject to Section 11.03 of the Credit Agreement. Administrative Agent shall give Borrower prompt notice of any action taken
pursuant to this Section 6.1, but failure to give such notice shall not affect the validity of such action or give rise to any defense in favor of Borrower with respect to such action. Neither Administrative Agent nor any Secured
Party shall be deemed to make at any time any representation or warranty as to the validity of any Capital Call Notice nor shall Administrative Agent or the Secured Parties be accountable for Borrower’s use of the proceeds of any Capital Call
Notice. 

  

	6.2	Power of Attorney. Administrative Agent, on behalf of the Secured Parties, is hereby granted an irrevocable power of attorney, which is coupled with an interest, to, in accordance with the Operating Agreement,
execute all checks, drafts, receipts, instruments, instructions or other documents, agreements or items on behalf of Borrower exercisable only upon the occurrence and during the continuation of an Event of Default (and subject to
Section 11.03 of the Credit Agreement), as shall be deemed by Administrative Agent to be necessary or advisable, in the sole discretion, reasonably exercised, of Administrative Agent, to preserve the security interests and liens herein
granted or to secure the repayment of the Obligations, and neither Administrative Agent nor any Secured Party shall incur any liability in connection with or arising from its exercise of such authority and power except as a result of gross
negligence, bad faith or willful misconduct. 

  

	6.3	Collateral Sale or Other Disposition. 

  

	 	(a)	 During the continuance of an Event of Default, Administrative Agent, on behalf of the Secured Parties, shall have the right (subject to
Section 11.03 of the Credit Agreement) to sell the Collateral or any part thereof for cash, upon credit or for future delivery and upon such other terms as Administrative Agent may deem commercially reasonable, with Borrower hereby
waiving all rights, if any, to require Administrative Agent to marshal the Collateral and any other security for the Obligations. Any notice of the time and place of any public sale or the time after which any private sale or other disposition of
all or any part of the Collateral may be made shall be deemed reasonable if made in 

  

Exhibit D – Page 4 

	 	
accordance with applicable Law. Administrative Agent shall not be obligated to make any sale or other disposition of the Collateral regardless of notice having been given. From time to time
Administrative Agent may, but shall not be obligated to, postpone the time and change the place of any proposed sale of any of the Collateral for which notice has been given as provided above if, in the judgment of Administrative Agent, such
postponement or change is necessary or appropriate in order that the provisions of this Security Agreement applicable to such sale may be fulfilled or in order to obtain more favorable conditions under which such sale may take place and notice of
such change has been provided in accordance with applicable Law. 

  

	 	(b)	In case of any sale by Administrative Agent of any of the Collateral on credit, which may be elected at the option and in the complete discretion of Administrative Agent, on behalf of the Secured Parties, the Collateral
so sold may be retained by Administrative Agent for the benefit of the Secured Parties until the selling price is paid by the purchaser, but neither Administrative Agent nor any Secured Party shall incur any liability in case of failure of the
purchaser to take up and pay for the Collateral so sold. In case of any such failure, such Collateral so sold may be again similarly sold. After deducting all costs or expenses for which Borrower is liable pursuant to the Credit Agreement
(including, without limitation, the reasonable and documented attorneys’ fees and legal expenses incurred by Administrative Agent or the Secured Parties, or both, to the extent due and payable in accordance with the Credit Agreement),
Administrative Agent shall apply the remaining balance of the proceeds of any sale or sales, if any, to pay the principal of and interest upon the Obligations in accordance with Section 11.05 in the Credit Agreement. If the proceeds of
any sale, disposition or other remedy are insufficient to pay the Obligations in full, Borrower shall remain liable for any deficiency in the payment of the Obligations and the reasonable and documented fees of any attorney employed by
Administrative Agent or any Secured Party to collect in accordance with the Credit Agreement. Neither Administrative Agent nor any Secured Party shall incur any liability as a result of the sale of the Collateral at any private sale or sales
conducted in accordance with applicable law except as a result of gross negligence, bad faith or willful misconduct. 

  

	 	(c)	All recitals in any instrument of assignment or any other instrument executed by Administrative Agent for the benefit of the Secured Parties or by the Secured Parties incident to the sale, transfer, assignment or other
disposition or utilization of the Collateral or any part thereof hereunder shall be full proof of the matters stated therein and no other proof shall be required to establish full legal propriety of the sale or other action taken by Administrative
Agent for the benefit of the Secured Parties or by the Secured Parties or of any fact, condition or thing incident thereto, and all prerequisites of such sale or other action shall be presumed to have been performed or to have occurred.

  

	6.4	 Additional Rights and Remedies. Subject to Section 11.03 of the Credit Agreement, Administrative Agent and the Secured Parties
shall have all rights, remedies and recourse granted in the Loan Documents or existing at common law or equity (including specifically those granted by the Uniform Commercial Code, as adopted in New York and any other state which governs the
creation or perfection (and the effect thereof) of any security interest in the Collateral), and such rights and remedies: (i) shall be cumulative and concurrent; (ii) may be pursued separately, successively or concurrently against
Borrower and any other party obligated under the Obligations, or against the Collateral, or any of such Collateral, or any other security for the Obligations, or any of them, at the sole discretion of Administrative Agent, on behalf of the Secured
Parties; (iii) may be exercised as often as occasion therefor shall arise, it being agreed by 

  

Exhibit D – Page 5 

	 	
Borrower that the exercise or failure to exercise any of same shall in no event be construed as a waiver or release thereof or of any other right, remedy or recourse; and (iv) are intended
to be and shall be, non-exclusive. 

  

	6.5	Subrogation. Notwithstanding a foreclosure upon any of the Collateral or exercise of any other remedy by Administrative Agent on behalf of the Secured Parties during the continuance of an Event of Default,
Borrower shall not be subrogated thereby to any rights of Administrative Agent for the benefit of the Secured Parties against the Collateral or any other security for the Obligations, or Borrower or any property of Borrower, nor shall Borrower be
deemed to be the owner of any interest in the Obligations, nor shall Borrower exercise any rights or remedies with respect to Borrower or the Collateral or any other security for the Obligations or any of them or the property of Borrower until the
Obligations (other than contingent contractual indemnities) have been paid to Administrative Agent for the benefit of the Secured Parties and is fully performed and discharged. 

 

	7.	Limitation on Liability. Regardless of any provision of this Security Agreement, in the absence of bad faith, gross negligence or willful misconduct or breach of the Operating Agreement or Credit Agreement by
Administrative Agent or the Secured Parties, or both, neither Administrative Agent nor the Secured Parties shall be liable for the failure of Administrative Agent to collect or exercise diligence in the collection, possession or any transaction
concerning, all or part of the Capital Calls, Capital Call Notices, Capital Contributions or Capital Commitments, or sums due or paid thereon, nor shall Administrative Agent or the Secured Parties be under any obligation whatsoever to anyone by
virtue of the security interests and liens granted herein. 

  

	8.	Notices. Any notice, demand, request or other communication which any party hereto may be required or may desire to give hereunder shall be delivered and deemed effective in accordance with Section 13.07
of the Credit Agreement. Any notice required hereunder shall be deemed commercially reasonable if given at least ten (10) days prior to the event giving rise to the requirement of such notice, including but not limited to, notices of a
private or public sale. 

  

	9.	Appointment of Successor Administrative Agent. Reference is hereby made to Section 12.06 of the Credit Agreement for the terms and conditions upon which a successor Administrative Agent hereunder may
be appointed. Wherever the words “Administrative Agent” are used herein, the same shall mean the Administrative Agent named in the first paragraph of this Security Agreement or the successor Administrative Agent at the time
in question. 

  

	10.	Binding Effect; Miscellaneous. 

  

	 	(a)	This Security Agreement shall be binding upon and inure to the benefit of and be enforceable by the undersigned and their respective successors and assigns. 

 

	 	(b)	The headings to the various paragraphs of this Security Agreement shall have been inserted for convenient reference only and shall not modify, define, limit or expand the expressed provisions of this Security Agreement.
This Security Agreement may be executed in any number of counterparts, each of which shall be an original, and such counterparts shall together constitute but one and the same instrument. Delivery of an executed counterpart of a signature page of
this Security Agreement by telecopy or other electronic transmission (including “pdf”) shall be effective as delivery of a manually executed counterpart of this Security Agreement. 

  

Exhibit D – Page 6 

	 	(c)	No delay or omission on the part of Administrative Agent or the Secured Parties in exercising any right hereunder shall operate as a waiver of any such right or any other right. A waiver on any one or more occasions
shall not be construed as a bar to or waiver of any right or remedy on any future occasion. 

  

	 	(d)	Pursuant to Section 5-1401 of the New York General Obligations Law, the substantive laws of the State of New York, without regard to the choice of law principles that might otherwise apply, and the
applicable federal laws of the United States of America, shall govern the validity, construction, enforcement and interpretation of this Security Agreement. 

  

	 	(e)	Any suit, action or proceeding against any party hereto with respect to this Security Agreement or any judgment entered by any court in respect thereof, may be brought in the courts of the State of New York, or in the
United States Courts located in the Borough of Manhattan in New York City, pursuant to Section 5-1402 of the New York General Obligations Law, and each party hereto hereby submits to the non-exclusive jurisdiction of such courts for the
purpose of any such suit, action or proceeding. Each party hereto hereby irrevocably consents to the service of process in any suit, action or proceeding in said court by the mailing thereof by registered or certified mail, postage prepaid, to the
applicable address set forth in Section 8 hereof. Each party hereto hereby irrevocably waives any objections 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 Security Agreement brought in the courts located in the State of New York, Borough of Manhattan in New York City, and each hereby further irrevocably waives any claim that any such suit, action or proceeding brought in any such court has been
brought in an inconvenient forum. EACH PARTY HERETO HEREBY WAIVES TRIAL BY JURY IN ANY SUIT, ACTION OR PROCEEDING BROUGHT IN CONNECTION WITH THIS SECURITY AGREEMENT, WHICH WAIVER IS INFORMED AND VOLUNTARY. 

 

	 	(f)	This Security Agreement and the provisions set forth herein shall continue until the full, final, and complete satisfaction of the Obligations (other than contingent contractual indemnities), and Administrative
Agent’s and the Secured Parties’ rights hereunder shall not be released, diminished, impaired, reduced or adversely affected by: (i) the renewal, extension, modification, amendment or alteration of the Credit Agreement or any other
Loan Document (other than this Security Agreement) or any related document or instrument; (ii) any adjustment, indulgence, forbearance or compromise that might be granted or given by Administrative Agent or the Secured Parties to any primary or
secondary obligor or in connection with any security for the Obligations; (iii) any full or partial release of any of the foregoing (unless the rights under this Security Agreement are expressly released in accordance herewith); or
(iv) notice of any of the foregoing. 

  

	 	(g)	Neither Administrative Agent nor the Secured Parties have assumed, and nothing contained herein shall be declared to have imposed upon Administrative Agent or the Secured Parties, any of Borrower’s duties or
obligations, except that Administrative Agent and the Secured Parties shall be bound by the provisions of the Operating Agreement in exercising rights or remedies thereunder assigned to Administrative Agent hereunder. 

 

	 	(h)	Notwithstanding anything to the contrary herein, (i) the obligations of Borrower hereunder are subject to the recourse and nonrecourse provisions of Section 13.17 of the Credit Agreement and
(ii) the rights, powers, privileges and remedies of the Administrative Agent for the benefit of the Secured Parties hereunder are subject to Section 11.03 of the Credit Agreement. 

  

Exhibit D – Page 7 

	 	(i)	On the full, final, and complete satisfaction of the Obligations (other than contingent contractual indemnities), this Security Agreement and the rights and liens of the Administrative Agent shall be automatically
released and of no further force or effect. Thereafter, upon request, Administrative Agent, on behalf of the Secured Parties, shall provide Borrower, at its sole expense, a written release of its obligations hereunder and of the Collateral in form
reasonably acceptable to Borrower. 

 REMAINDER OF PAGE
INTENTIONALLY BLANK. 
 SIGNATURE PAGE(S)
FOLLOW. 

  

Exhibit D – Page 8 

 Executed on the date first above written. 

 

			
	BORROWER:
	
	TCW DIRECT LENDING LLC
		
	By:	 	  

		 	Name:
		 	Title:

  

			
	ACKNOWLEDGED AND AGREED:
	
	 NATIXIS, NEW YORK BRANCH,
 as
Administrative Agent

		
	By:	 	  

		 	Name:
		 	Title:

  

Exhibit D – Page 9 

 EXHIBIT E 

to Amended and Restated Revolving Credit Agreement 

by and among 
 TCW DIRECT
LENDING LLC, 
 as Borrower, 

and 
 NATIXIS, NEW YORK
BRANCH, 
 as Administrative Agent 

COLLATERAL ACCOUNT ASSIGNMENT 

Dated as of             , 20     

For value received, TCW DIRECT LENDING LLC, a Delaware limited liability company (“Assignor”), hereby
(i) pledges to NATIXIS, NEW YORK BRANCH, as administrative agent for the benefit of the Secured Parties (as defined below) (“Assignee”) under that certain Amended and Restated Revolving Credit Agreement, dated as
of December 22, 2014 (as amended, modified, supplemented, or restated from time to time, the “Credit Agreement”; capitalized terms not defined herein shall have the meanings assigned to such terms in the Credit
Agreement), by and among Assignor, Natixis, New York Branch, as administrative agent (in such capacity, “Administrative Agent”), and the lenders from time to time party thereto (together with such other lending institutions
which become party to the Credit Agreement, or have been, or may hereafter be, assigned an interest as lender in accordance with the Credit Agreement, the “Lenders” and together with each Agent and Liquidity Provider, the
“Secured Parties”), and (ii) grants to Assignee, a lien, claim, encumbrance upon and security interest in Account No. 10549632 at State Street Bank and Trust Company (the “Depository”),
entitled “TCW Direct Lending LLC Collateral Account”, and any extensions or renewals thereof, if the account is one which may be extended or renewed, and any successor or substitute accounts as agreed between Assignor and Assignee
(such account or accounts and any extensions or renewals being hereinafter called the “Account”), together with all of Assignor’s right, title, and interest (whether now existing or hereafter created or arising) in and
to the Account, all sums now or at any time hereafter on deposit therein, credited thereto, or payable thereon, all proceeds and products thereof, and all instruments, documents, certificates, and other writings evidencing the Account, on the
following terms and conditions: 
  

	1.	This assignment (this “Assignment”) of the Account shall secure the payment and the performance of the Obligations. Assignor shall also enter into a Deposit Account Control Agreement (an
“Account Control Agreement”), which shall, upon the execution and delivery thereof by the parties thereto, give the Administrative Agent “control” of the Account within the meaning of Article 9 of the
Uniform Commercial Code as in effect in the State of New York from time to time. 

  

	2.	Assignor represents and warrants that: 

  

	 	(a)	subject to Administrative Agent’s and/or Depository’s rights in the Account, Assignor is the sole owner of the Account and has authority to execute and deliver this Assignment; 

 

	 	(b)	except for any financing statement which may have been filed by Assignee, no financing statement covering the Account, or any part thereof, has been filed and remains effective with any filing officer;

  

	 	(c)	no other assignment has been executed with respect to the Account, other than in favor of Assignee; and 

  

Exhibit E – Page 1 

	 	(d)	the Account is not subject to any liens or offsets of any Person other than Assignee, Secured Parties, the Depository and Permitted Liens. 

 

	3.	So long as the Obligations or any part thereof remain unpaid, Assignor covenants and agrees: 

  

	 	(a)	(i) from time to time promptly to execute and deliver to Assignee all such other assignments, certificates, passbooks and supplemental writings, and do all other acts or things as Assignee may reasonably request in
order to more fully evidence and perfect the security interest herein created; and (ii) Assignee may file such financing statements, amendments thereto and continuations thereof as Assignee may reasonably deem necessary in order to more fully
evidence and perfect the security interest herein created; 

  

	 	(b)	promptly (to the extent readily available) to furnish Assignee with any information or writings which Assignee may reasonably request concerning the Account; 

 

	 	(c)	promptly (upon obtaining knowledge thereof) to notify Assignee of any material change in any fact or circumstances warranted or represented by Assignor herein or any material change in any other writing furnished by
Assignor to Assignee in connection with the Account; 

  

	 	(d)	promptly (upon obtaining knowledge thereof) to notify Assignee of any claim (other than a Permitted Lien), action, or proceeding affecting title to the Account, or any part thereof, or the security interest herein, and,
at the reasonable request of Assignee, appear in and defend any such action or proceeding; and 

  

	 	(e)	to pay to Assignee the amount of any court costs and attorney’s fees assessed by a court and incurred by Assignee following any Event of Default hereunder (to the extent due and payable in accordance with the
Credit Agreement). 

  

	4.	Assignor covenants and agrees that, without the prior consent of Assignee, Assignor will not: 

  

	 	(a)	create any other Lien in or upon, or otherwise encumber, or assign the Account, or any part thereof, or permit the same to be or become subject to any Lien, attachment, execution, sequestration, other legal or equitable
process, or any encumbrance of any kind or character, except the Lien herein created and subject to the Account Control Agreement, any offset rights inuring to the benefit of Depository, or Permitted Liens; or 

 

	 	(b)	request, make or allow to be made any withdrawals from the Account to the extent prohibited hereunder or in Section 5.02 of the Credit Agreement. 

Should any funds required by the Credit Agreement to be deposited in or credited to the Account instead be received by Assignor, they shall
immediately upon such receipt become subject to the lien granted hereunder and while in the hands of Assignor be segregated from all other funds of Assignor and be held in trust for the Secured Parties unless otherwise used in accordance with the
terms hereof and the Credit Agreement. Assignor shall have absolutely no dominion or control over such funds except to promptly deposit them into the Account. Assignor acknowledges and agrees that Depository is authorized to comply with instructions
originated in writing by Assignee in accordance with the terms hereof and of the Account Control Agreement and the Credit Agreement directing the disposition of funds in the Account without further consent of Assignor. Assignee agrees with Assignor
that Assignee shall not originate instructions with respect to, or direct the disposition of funds in, the Account except during the continuation of an Event of Default and subject to Section 11.03 of the Credit Agreement. 

  

Exhibit E – Page 2 

	5.	Assignee’s rights hereunder shall not be released, diminished, impaired, reduced or adversely affected by: 

  

	 	(a)	any adjustment, indulgence, forbearance or compromise that might be granted or given by Assignee or the Secured Parties to any primary or secondary obligor or in connection with any security for the Obligations;

  

	 	(b)	any full or partial release of any of the foregoing; 

  

	 	(c)	any other action taken or omitted to be taken by Assignee or the Secured Parties in connection with the Obligations, whether or not such action or omission prejudices Assignor or increases the likelihood that the
Account will be applied to the Obligations; or 

  

	 	(d)	notice of any of the foregoing. 

  

	6.	Assignee, without in any manner impairing any of its rights and powers hereunder, may, at any time and from time to time, without further consent of or notice to Assignor (except as required by the Credit Agreement or
other Loan Documents), and with or without valuable consideration: 

  

	 	(a)	renew or extend the maturity of or accept partial payments upon the Obligations or any part thereof; 

  

	 	(b)	release any person primarily or secondarily liable in respect of the Obligations or any security therefor; 

  

	 	(c)	alter, in any manner that the Secured Parties may elect, the terms of any instrument evidencing the Obligations or any part thereof either as to the maturity thereof, rate of interest, method of payment, parties thereto
or otherwise; 

  

	 	(d)	renew, extend or accept partial payments upon, release or permit substitutions for or withdrawals of, any security (other than the Account) at any time directly or indirectly, immediately or remotely, securing the
payment of the Obligations or any part thereof; and 

  

	 	(e)	release or pay to Assignor, or any other person otherwise entitled thereto, any amount paid or payable in respect of any such other direct or indirect security for the Obligations, or any part thereof.

  

	7.	Should any person have heretofore executed or hereafter execute, in favor of the Secured Parties, any deed of trust, mortgage, or security agreement, or have heretofore pledged or hereafter pledge any other property to
secure the payment of the Obligations, or any part thereof, the exercise by the Secured Parties of any right or power conferred upon any of them in any such instrument, or by any such pledge, shall be (subject to Sections 5.02 and
11.03 of the Credit Agreement) wholly discretionary with each the Secured Parties, and the exercise or failure to exercise any such right or power shall not impair or diminish the Secured Parties’ rights, titles, interest, liens,
and powers existing hereunder. 

  

Exhibit E – Page 3 

	8.	Subject to Sections 5.02 and 11.03 of the Credit Agreement and the last sentence of Section 4, during the existence of an Event of Default, Assignee, on behalf of the
Secured Parties, in addition to any other remedies it may have, may do one or more of the following: 

  

	 	(a)	declare the Obligations immediately due and payable; 

  

	 	(b)	demand payment and performance thereof from the funds in or credited to the Account; 

  

	 	(c)	withdraw funds from the Account and apply all or any portion of the Account to the Obligations as described in paragraph 12 hereof; 

 

	 	(d)	exercise a notice of control pursuant to the Account Control Agreement; 

  

	 	(e)	on behalf of Assignor to endorse the name of Assignor upon any checks, drafts, or other instruments payable to Assignor evidencing payment on the Account; 

 

	 	(f)	to surrender or present for notation of withdrawal the passbook, certificate, or other documents issued to Assignor in connection with the Account; and 

 

	 	(g)	exercise any other rights or take any other actions specified herein or in the Credit Agreement and subject to any conditions set forth herein. 

 

	9.	Upon the occurrence and during the continuation of a Special Default, Assignee, on behalf of the Secured Parties, in addition to any other remedies it may have, may restrict or prohibit withdrawals from the Account by
exercising a notice of control pursuant to the Account Control Agreement. For purposes hereof, “Special Default” as used herein means the existence of a Default under Sections 11.01(a), 11.01(g) or
11.01(h) of the Credit Agreement. 

  

	10.	Neither Assignee nor any of the other Secured Parties shall be liable for any loss of interest on or any penalty or charge assessed against funds in, payable on, or credited to the Account as a result of Assignee or any
of the Secured Parties exercising any of its rights or remedies under this Assignment, except as a result of bad faith, gross negligence or willful misconduct or as a result of breach of the Operating Agreement or the Loan Documents.

  

	11.	Assignee shall be entitled to apply any and all funds received by it hereunder toward payment and performance of the Obligations in such order and manner as Assignee, in its discretion, may elect, subject to the terms
of the Credit Agreement. If such funds are not sufficient to pay and perform the Obligations in full, Assignor shall remain liable for any deficiency following Assignee’s receipt and crediting of such funds. Upon full and final payment of the
Obligations, the rights of Assignee in and to the Account hereunder and under the Account Control Agreement will be deemed to be automatically released and of no further force and effect. 

 

	12.	All rights, titles, interests, liens and remedies of the Assignee for the benefit of the Secured Parties hereunder are cumulative of one another and of every other right, title, interest, lien or remedy which the
Secured Parties may otherwise have at law or in equity or under any other contract or other writing for the enforcement of the security interest herein or the collection of the Obligations, and the exercise of one or more rights or remedies shall
not prejudice or impair the concurrent or subsequent exercise of other rights or remedies. Should Assignor have heretofore executed or hereafter execute any other security agreement in favor of the Secured Parties, the security interest therein
created and all other rights, powers, and privileges vested in the Secured Parties by the terms thereof shall exist concurrently with the security interest created herein. 

  

Exhibit E – Page 4 

	13.	Should any part of the Obligations be payable in installments, the acceptance by Assignee at any time and from time to time of part payment of the aggregate amount of all installments then matured shall not be deemed to
be a waiver of the default then existing. No waiver by the Secured Parties of any default shall be deemed to be a waiver of any other subsequent default, nor shall any such waiver by the Secured Parties be deemed to be a continuing waiver. No delay
or omission by the Secured Parties in exercising any right or power hereunder, or under any other writings executed by Assignor or Obligor as security for or in connection with the Obligations, shall impair any such right or power or be construed as
a waiver thereof or any acquiescence therein, nor shall any single or partial exercise of any such right or power preclude other or further exercise thereof, or the exercise of any other right or power of the Secured Parties hereunder or under such
other writings. 

  

	14.	Any notice, demand, request or other communication which any party hereto may be required or may desire to give hereunder shall be in writing and shall be delivered and deemed effective in accordance with
Section 13.07 of the Credit Agreement. 

  

	15.	Sections 13.14 and 13.17 of the Credit Agreement are incorporated by reference herein. Notwithstanding anything to the contrary herein, the rights, powers, privileges and remedies of Assignee
hereunder are subject to Sections 5.02(b) and 11.03. 

  

	16.	PURSUANT TO SECTION 5-1401 OF THE NEW YORK GENERAL OBLIGATIONS LAW, THE SUBSTANTIVE LAWS OF THE STATE OF NEW YORK, EXCEPT TO THE EXTENT THE LAWS OF ANOTHER JURISDICTION GOVERN THE CREATION, PERFECTION,
VALIDITY, OR ENFORCEMENT OF LIENS UNDER THIS ASSIGNMENT, AND THE APPLICABLE FEDERAL LAWS OF THE UNITED STATES OF AMERICA, SHALL GOVERN THE VALIDITY, CONSTRUCTION, ENFORCEMENT AND INTERPRETATION OF THIS ASSIGNMENT. NOTWITHSTANDING THE FOREGOING, THE
PARTIES HERETO AGREE THAT THE STATE OF NEW YORK SHALL BE DEEMED TO BE THE JURISDICTION OF THE DEPOSITORY FOR PURPOSES OF ANY MATTER IN RESPECT HEREOF RELATING TO OR ARISING UNDER SECTION 9-304 OF THE UNIFORM COMMERCIAL CODE AS IN EFFECT
FROM TIME TO TIME IN THE STATE OF NEW YORK. 

  

	17.	Any suit, action or proceeding against any party hereto with respect to this Assignment or any judgment entered by any court in respect thereof, may be brought in the courts of the State of New York, or in the United
States Courts located in the Borough of Manhattan in New York City, pursuant to Section 5-1402 of the New York General Obligations Law, and each party hereto hereby submits to the non-exclusive jurisdiction of such courts for the purpose
of any such suit, action or proceeding. Each party hereto hereby irrevocably consents to the service of process in any suit, action or proceeding in said court in the manner provided for notices in Section 13.08 of the Credit
Agreement by the mailing thereof by registered or certified mail, postage prepaid, to the addresses set forth in Section 15 above. Each party hereto hereby irrevocably waives any objections 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 Assignment brought in the courts located in the State of New York, Borough of Manhattan in New York City, and hereby further irrevocably waives any claim that
any such suit, action or proceeding brought in any such court has been brought in an inconvenient forum. EACH PARTY HERETO HEREBY WAIVES TRIAL BY JURY IN ANY SUIT, ACTION OR PROCEEDING BROUGHT IN CONNECTION WITH THIS ASSIGNMENT, WHICH WAIVER IS
INFORMED AND VOLUNTARY. 

  

Exhibit E – Page 5 

	18.	This Assignment shall be binding on and inure to the benefit of Assignor and Assignee and their respective successors and permitted assigns. Delivery of an executed counterpart of a signature page of this Assignment by
telecopy or other electronic imaging shall be effective as deliver of a manually executed counterpart of this Assignment. 

  

	19.	This Assignment and the provisions set forth herein shall continue until the full, final, and complete satisfaction of the Obligations. 

 

	20.	On the full, final, and complete satisfaction of the Obligations (other than contingent contractual indemnities), this Assignment and the rights and liens of Assignee in and to the Account and any other Collateral
hereunder shall be of no further force or effect. Thereafter, upon request, Assignee, on behalf of the Secured Parties, shall provide Assignor, at Assignor’s sole expense, a written release of Assignor’s obligations hereunder and an
assignment of the Account (and the other items of Collateral hereunder) to Assignor, each in form and substance reasonably satisfactory to Assignor. 

REMAINDER OF PAGE INTENTIONALLY BLANK. 

SIGNATURE PAGE(S) FOLLOWS. 

  

Exhibit E – Page 6 

 IN WITNESS WHEREOF, the undersigned has executed this Assignment as of the date first above
written. 
  

			
	ASSIGNOR:
	
	TCW DIRECT LENDING LLC
		
	 By:
	 	  

		 	Name:
		 	Title:

  

Exhibit E – Page 7 

			
	ACKNOWLEDGED AND AGREED:
	
	 NATIXIS, NEW YORK BRANCH,

as Administrative Agent

		
	 By:
	 	  

		 	Name:
		 	Title:

  

Exhibit E – Page 8 

 EXHIBIT F 

to Amended and Restated Revolving Credit Agreement 

by and among 
 TCW DIRECT
LENDING LLC, 
 as Borrower, 

and 
 NATIXIS, NEW YORK
BRANCH, 
 as Administrative Agent 

ASSIGNMENT AND ASSUMPTION AGREEMENT 

This Assignment and Assumption (this “Assignment and Assumption”) is dated as of the Effective Date set forth below
and is entered into by and between [ASSIGNOR] (the “Assignor”) and [ASSIGNEE] (the “Assignee”). Capitalized terms not defined herein shall have the meanings assigned to such terms in the
Credit Agreement referred to below (as amended, modified, supplemented, or restated from time to time, the “Credit Agreement”), receipt of a copy of which is hereby acknowledged by the Assignee. The Standard Terms and
Conditions set forth in Annex 1 attached hereto (the “Standard Terms and Conditions”) are hereby agreed to and incorporated herein by reference and made a part of this Assignment and Assumption as if set forth
herein in full. 
 For an agreed consideration, the Assignor hereby irrevocably sells and assigns to the Assignee, and the Assignee hereby
irrevocably purchases and assumes from the Assignor, subject to and in accordance with the Standard Terms and Conditions and the Credit Agreement, as of the Effective Date inserted by Administrative Agent as contemplated below: (i) all of the
Assignor’s rights and obligations in its capacity as a Lender under the Credit Agreement and any other documents or instruments delivered pursuant thereto in the amount[s] and equal to the percentage interest[s] identified below of all the
outstanding rights and obligations under the respective facilities identified below (including without limitation guarantees included in such facilities); and (ii) to the extent permitted to be assigned under applicable Law, all claims, suits,
causes of action and any other right of the Assignor (in its capacity as a Lender) against any Person, whether known or unknown, arising under or in connection with the Credit Agreement, any other documents or instruments delivered pursuant thereto
or the loan transactions governed thereby or in any way based on or related to any of the foregoing, including, but not limited to, contract claims, tort claims, malpractice claims, statutory claims and all other claims at law or in equity, in each
case, to the extent related to the rights and obligations sold and assigned pursuant to clause (i) above (the rights and obligations sold and assigned pursuant to clauses (i) and (ii) above
being referred to herein collectively as the “Assigned Interest”). Such sale and assignment is without recourse to the Assignor and, except as expressly provided in this Assignment and Assumption, without representation or
warranty by the Assignor. 
  

	1.	Assignor:                                   
  

 [Assignor [is][is not] a Defaulting Lender.] 
  

	2.	Assignee:                                   
  

 [Assignee is [an Affiliate/Approved Fund of [identify Lender]][Liquidity Provider of [identify Conduit
Lender]][Conduit Assignee][a Federal Reserve Bank][a central bank][a collateral trustee][a security agent for holders of commercial paper]4 

 

	4 	Select or delete as applicable. 

  

Exhibit F – Page 1 

	3.	Borrower: TCW Direct Lending LLC 

  

	4.	Administrative Agent: Natixis, New York Branch, as Administrative Agent under the Credit Agreement 

  

	5.	Credit Agreement: The Amended and Restated Revolving Credit Agreement, dated as of December 22, 2014, by and among TCW Direct Lending LLC, as Borrower, Natixis, New York Branch, as Administrative Agent, and the
lenders and other Borrower Parties party thereto, as the same may be amended, restated, supplemented or otherwise modified from time to time. 

  

	6.	Assigned Interest: 

  

													
	 Facility Assigned
	  	Aggregate Amount of
Commitment/Loans
for all Lenders5	 	  	Amount of
Commitment/Loans
Assigned	 	  	Percentage Assigned of
Commitment/Loans6	 
	 Revolving Credit Commitment
	  	$	 	  	  	$	 	  	  	 	%	  

  

	7.	[Trade Date:                     ]7 

Effective Date:             , 20    [TO BE INSERTED BY ADMINISTRATIVE AGENT
AND WHICH SHALL BE THE EFFECTIVE DATE OF RECORDATION OF TRANSFER IN THE REGISTER THEREFOR.] 
 REMAINDER OF
PAGE INTENTIONALLY LEFT BLANK. 
 SIGNATURE
PAGES FOLLOW. 
  

	5 	Amount to be adjusted by the counterparties to take into account any payments or prepayments made between the Trade Date and the Effective Date. 

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

	7 	To be completed if the Assignor and the Assignee intend that the minimum assignment amount is to be determined as of the Trade Date. 

  

Exhibit F – Page 2 

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

 

			
	ASSIGNOR[S]:
	
	[NAME OF ASSIGNOR]
		
	By:	 	  

		 	Name:
		 	Title:
	
	[NAME OF ASSIGNOR]
		
	By:	 	  

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

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

		 	Name:
		 	Title:
		
		 	[Address]

  

Exhibit F – Page 3 

 [Consented to and]8 Accepted: 

NATIXIS, NEW YORK BRANCH, as Administrative Agent 
  

			
	By:	 	  

		 	Name:
		 	Title:

  

	8 	To be used only if the consent of Administrative Agent is required by the terms of the Credit Agreement. 

  

Exhibit F – Page 4 

 
			
	[Consented to]9 [and Acknowledged] by:10
	
	BORROWER:
	
	TCW DIRECT LENDING LLC
		
	 By:
	 	  

		 	Name:
		 	Title:

  
  

	9 	To be used only if Borrower’s consent is required pursuant to the definition of “Eligible Assignee” under the Credit Agreement. 

	10 	To be used only if the assignment is made as the result of a demand by Borrower under the Credit Agreement. 

  

Exhibit F – Page 5 

 ANNEX 1 TO ASSIGNMENT AND ASSUMPTION 

STANDARD TERMS AND CONDITIONS FOR 

ASSIGNMENT AND ASSUMPTION 
  

	1.	Representations and Warranties. 

 1.01. 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 created by the Assignor; (iii) it
has full power and authority, and has taken all action necessary, to execute and deliver this Assignment and Assumption and to consummate the transactions contemplated hereby; and (iv) it is [not] a Defaulting Lender; and (b) assumes no
responsibility with respect to: (i) any statements, warranties or representations made in or in connection with the Credit Agreement or any other Loan Document; (ii) the execution, legality, validity, enforceability, genuineness,
sufficiency or value of the Loan Documents or any collateral thereunder; (iii) the financial condition of each Borrower Party, any of its subsidiaries or Affiliates or any other Person obligated in respect of any Loan Document; or (iv) the
performance or observance by each Borrower Party, any of its subsidiaries or Affiliates or any other Person of any of their respective obligations under any Loan Document. 

1.02. Assignee. The Assignee: (a) represents and warrants that: (i) it has full power and authority, and has taken all action
necessary, to execute and deliver this Assignment and Assumption and to consummate the transactions contemplated hereby and to become a Lender under the Credit Agreement; (ii) it meets all requirements of an Eligible Assignee under the Credit
Agreement (subject to receipt of such consents as may be required under the Credit Agreement); (iii) from and after the Effective Date, it shall be bound by the provisions of the Credit Agreement as a Lender thereunder and, to the extent of the
Assigned Interest, shall have the obligations of a Lender thereunder; (iv) it is sophisticated with respect to decisions to acquire assets of the type represented by the Assigned Interest and either it, or the Person exercising discretion in
making its decision to acquire the Assigned Interest, is experienced in acquiring assets of such type; (v) it has received a copy of the Credit Agreement and has received or has been accorded the opportunity to receive copies of the most recent
financial statements referred to in Section 9.01 thereof, and such other documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into this Assignment and Assumption and to purchase the
Assigned Interest on the basis of which it has made such analysis and decision independently and without reliance on Administrative Agent, the Assignor or any other Lender; (vi) attached to the Assignment and Assumption 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 (vii) it is a Qualified Purchaser; (b) agrees that: (i) it will, independently and without reliance on
Administrative Agent, the Assignor or any other Lender, and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under the Loan Documents; and
(ii) it will perform in accordance with their terms all of the obligations (and make all of the representations) which by the terms of the Loan Documents are required to be performed (or made) by it as a Lender; (c) appoints and authorizes
the Administrative Agent to take such action on its behalf and to exercise such powers under the Credit Agreement and the other Loan Documents as are delegated to the Administrative Agent by the terms thereof, together with such powers as are
reasonably incidental thereto in accordance with the Credit Agreement and Loan Documents; (d) acknowledges and agrees that, as a Lender, it may receive confidential information concerning the Borrower Parties and their Affiliates and agrees to
use such information in accordance with Section 13.18 of the Credit Agreement; (e) specifies as its applicable lending offices (and addresses for notices) the offices at the addresses set forth beneath its name on the signature
pages hereof; and (f) shall pay to the Administrative Agent an assignment fee to the extent required to be paid by the Assignee or Assignor under Section 13.11(b)(iv) of the Credit Agreement. 

  

Exhibit F – Page 6 

 2. Payments. From and after the Effective Date, 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. Notwithstanding the foregoing, Administrative Agent shall make all payments of interest, fees or other amounts paid or payable in kind from and after the Effective Date to the [relevant] Assignee. 

3. General Provisions. This Assignment and Assumption shall be binding upon, and inure to the benefit of, the parties hereto and their respective
successors and assigns. This Assignment and Assumption may be executed in any number of counterparts, which together shall constitute one instrument. Delivery of an executed counterpart of a signature page of this Assignment and Assumption by
telecopy or other electronic transmission (including via “pdf”) shall be effective as delivery of a manually executed counterpart of this Assignment and Assumption. Pursuant to Section 5-1401 of the New York General Obligations
Law, the substantive laws of the State of New York applicable to agreements made and to be performed entirely within such state, without regard to the choice of law principles that might otherwise apply, and the applicable federal laws of the United
States of America, shall govern the validity, construction, enforcement and interpretation of this Assignment and Assumption. 
 [Remainder
of page left intentionally blank.] 

  

Exhibit F – Page 7 

 EXHIBIT G 

to Amended and Restated Revolving Credit Agreement 

by and among 
 TCW DIRECT
LENDING LLC, 
 as Borrower, 

and 
 NATIXIS, NEW YORK
BRANCH, 
 as Administrative Agent 

COMPLIANCE CERTIFICATE 

FOR [            ] ENDED
[            ] 
 DATE:
            , 20     
 ADMINISTRATIVE AGENT:
    Natixis, New York Branch 
 BORROWER:
                               TCW Direct Lending LLC 

 
  

 
 This certificate is delivered under
the Amended and Restated Revolving Credit Agreement, dated as of December 22, 2014 (as amended, modified, supplemented, or restated from time to time, the “Credit Agreement”), among Borrower, Administrative Agent, and
the lenders and other parties from time to time party thereto. Capitalized terms not defined herein shall have the meanings assigned to such terms in the Credit Agreement. 

The undersigned Responsible Officer hereby certifies as of the date hereof that he/she is authorized to execute and deliver this certificate
to Administrative Agent on behalf of Borrower, and that as of [date at the end of the period indicated above] (the “Reporting Date”): 
  

	 	(a)	The undersigned has reviewed and is familiar with the terms and provisions of the Loan Documents and has made, or caused to be made under his/her supervision, a detailed review of the transactions and condition
(financial or otherwise) of Borrower Parties during the account period covered by the attached financial statements; 

  

	 	(b)	No Event of Default or any Default exists which has not been cured or waived (except the Events of Default or Defaults, if any, together with the details of the actions that Borrower is taking or proposes to take with
respect thereto, described on Annex A to this Certificate); 

  

	 	(c)	The financial statements of Borrower attached to this certificate fairly present in all material respects the financial condition and the results of operations of the Borrower Parties on the dates and for the periods
indicated, in accordance with GAAP, subject, in the case of interim financial statements, to normally recurring year-end adjustments and absence of footnotes; 

  

	 	(d)	Borrower is in compliance with Section 10.10 of the Credit Agreement, and calculations evidencing such status are as set forth on Annex B to this certificate; and 

 

	 	(e)	Annex C to this certificate sets forth: 

  

Exhibit G – Page 1 

	 	(i)	the changes, if any, in the name of any Investor or in the identity of any Investor, by merger or otherwise; 

  

	 	(ii)	all Subsequent Investors under Section 10.05(d)(z) of the Credit Agreement; 

  

	 	(iii)	the Subsequent Investors, if any, that have not satisfied the conditions of Section 10.05(d) of the Credit Agreement, if any; and 

 

	 	(iv)	the Borrowing Base Investors which, to the knowledge of the Borrower have been subject to an Exclusion Event and the nature of such Exclusion Event. 

 

	 	(f)	Attached as Annex D to this certificate is a report, as prepared for the Investors in connection with delivery of the financial statements on the date hereof (including, as the case may be, information
regarding Investments). 

  

			
	[Signature of Responsible Officer]
		
	By:	 	  

		 	Name:
		 	Title:

  

Exhibit G – Page 2 

 ANNEX A 

  
 Annex A 

 ANNEX B 

  
 Annex B 

 ANNEX C 

  
 Annex C 

 ANNEX D 

  
 Annex D 

 EXHIBIT H 

to Amended and Restated Revolving Credit Agreement 

by and among 
 TCW DIRECT
LENDING LLC, 
 as Borrower, 

and 
 NATIXIS, NEW YORK
BRANCH, 
 as Administrative Agent 

BORROWING BASE CERTIFICATE 

            , 20     

Natixis, New York Branch 
 1251 Avenue of the Americas, 4th Floor

 New York, NY 10020 

			
	 Attention:
	 	 HankSandlass

	 Telephone:
	 	 (212)891-5868

	 Fax: 
	 	 (212)891-5780

	 Email:
	 	 hank.sandlass@us.natixis.com

 Ladies and Gentlemen: 

This Borrowing Base Certificate is executed and delivered by TCW DIRECT LENDING LLC, a Delaware limited liability company
(“Borrower”), to Natixis, New York Branch, as administrative agent (“Administrative Agent”), pursuant to that certain Amended and Restated Revolving Credit Agreement, dated as of December 22, 2014
(as amended, modified, supplemented, or restated from time to time, the “Credit Agreement”), entered into by and among Borrower, Administrative Agent, and the lenders from time to time party thereto. Capitalized terms not
defined herein shall have the meanings assigned to such terms in the Credit Agreement. 
 On and as of the date hereof, the undersigned
Responsible Officer of the Borrower hereby certifies that based upon the information available to the Borrower as of the date hereof: 
  

	 	(a)	set forth on Schedule I to this Borrowing Base Certificate are: (i) the Capital Commitments of each Investor; (ii) the Eligible Included Unfunded Commitments of each Included Investor;
(iii) the Eligible Designated Unfunded Commitments of each Designated Investor; and (iv) a calculation of the Available Commitment and Borrowing Base as of the date of this Borrowing Base Certificate; and 

 

	 	(b)	the amount of Returned Capital is $        . 

  

Exhibit H – Page 1 

 This Borrowing Base Certificate is executed on
            , 20    . 
  

			
	BORROWER:
	
	TCW DIRECT LENDING LLC
		
	By:	 	  

		 	Name:
		 	Title:

 Signature Page to 

Borrowing Base Certificate 

 SCHEDULE I 

Calculation of Available Commitment11 

 

					
	 Borrowing Base Investors
	  	Capital Commitment	  	Eligible Designated/Included
Unfunded Commitment
	 [NAMES]
	  		  	

  

							
	 Eligible Included Unfunded Commitments of Included Investors:
	  	$	            	  	  	[A]
			
	 [A] multiplied by 90%:
	  	$	 	  	  	[B]
			
	 Eligible Designated Unfunded Commitments of Designated Investors:
	  	$	 	  	  	[C]
			
	 [C] multiplied by 65%12:
	  	$	 	  	  	[D]
			
	 Borrowing Base (sum of [B] and [D]):
	  	$	 	  	  	[E]
			
	 Maximum Commitment:
	  	$	 	  	  	[F]
			
	 Principal Obligation prior to giving effect to the requested Borrowing, if any:
	  	$	 	  	  	[G]
			
	 Amount of requested Borrowing, if any:
	  	$	 	  	  	[H]
			
	 FX Reserve Amount (an amount equal to (x) five percent (5.0%) of the Dollar Equivalent of
outstanding Loans, prior to the requested Borrowing, if any, denominated in Alternative Currencies + (y) five percent (5.0%) of the Dollar Equivalent of the requested Borrowing, if any, denominated in Alternative
Currencies):
	  	$	 	  	  	[I]
			
	 Maximum Commitment minus FX Reserve Amount ([F] minus [I]):
	  	$	 	  	  	[J]
			
	 Borrowing Base minus FX Reserve Amount ([E] minus [I]):
	  	$	 	  	  	[K]
			
	 Available Commitment after taking into account the requested Borrowing, if any (lesser of [J] and
[K]):
	  	$	 	  	  	[L]
			
	 Maximum amount of Loans that may be advanced after taking into account the requested Borrowing, if any ([L]
minus [G] minus [H]):
	  	$	 	  	  	[M]

  
  

	11 	All in this Schedule I are reflected in the Dollar Equivalent of such amount. 

	12 	Subject to Aggregate Concentration Limit and Individual Concentration Limit 

  

Exhibit H – Schedule I 

 EXHIBIT I 

to Amended and Restated Revolving Credit Agreement 

by and among 
 TCW DIRECT
LENDING LLC, 
 as Borrower, 

and 
 NATIXIS, NEW YORK
BRANCH, 
 as Administrative Agent 

FACILITY INCREASE REQUEST 

            , 20     

Natixis, New York Branch 
 1251 Avenue of the Americas, 4th Floor

 New York, NY 10020 

			
	Attention:	  	Hank Sandlass
	Telephone:	  	(212) 891-5868
	Fax:	  	(212) 891-5780
	Email:	  	hank.sandlass@us.natixis.com

 Ladies and Gentlemen: 

This facility increase request (this “Facility Increase Request”) is executed and delivered by TCW DIRECT LENDING LLC,
a Delaware limited liability company (“Borrower”) to NATIXIS, NEW YORK BRANCH, as administrative agent (“Administrative Agent”), pursuant to that certain Amended and Restated Revolving Credit
Agreement, dated as of December 22, 2014 (as amended, modified, supplemented, or restated from time to time, the “Credit Agreement”), entered into by and among Borrower, Administrative Agent, and the lenders from time to
time party thereto. Capitalized terms not defined herein shall have the meanings assigned to such terms in the Credit Agreement. 
 Borrower
hereby requests an increase in the Maximum Commitment pursuant to Section 2.14 of the Credit Agreement to $            13
(the “Facility Increase”), and that the Facility Increase be effective on or after             , 20    . 

In connection with the Facility Increase requested hereby, Borrower hereby represents, warrants, and certifies to Administrative Agent for the
benefit of Lenders that: 
  

	 	(a)	As of the effective date of the Facility Increase, each representation and warranty made in Section 8 of the Credit Agreement is true and correct in all material respects, with the same force and effect as
if made on and as of such date (except to the extent that such representations and warranties specifically refer to any earlier date, in which case they shall be true and correct as of such earlier date and except that for the purposes of this
Facility Increase Request, the representations and warranties contained in Section 8.06 of the Credit Agreement shall be deemed to refer to the most recent financial statements furnished pursuant to clauses (a) and
(b), respectively, of Section 9.01 of the Credit Agreement); 

  

	13 	Amount of Facility Increase must be in the minimum amount of $10,000,000. 

  

Exhibit I – Page 1 

	 	(b)	As of the effective date of the Facility Increase, no Default or Event of Default has occurred and is continuing or would result from the Facility Increase; and 

 

	 	(c)	After giving effect to the Facility Increase, the Maximum Commitment will not exceed the Maximum Accordion Amount. 

In the event that between the date hereof and the date of the Facility Increase, (i) any event should occur which could reasonably be
expected to be a Default or Event of Default or (ii) any representation, warranty or certification set forth above is materially inaccurate if made on the date of the Facility Increase, Borrower shall notify Administrative Agent. 

REMAINDER OF PAGE INTENTIONALLY LEFT BLANK.

 SIGNATURE PAGE(S) FOLLOW(S). 

  

Exhibit I – Page 2 

 This Facility Increase Request is executed on
            , 20    . The undersigned hereby certifies each and every matter contained herein to be true and correct. 

 

			
	BORROWER:
	
	TCW DIRECT LENDING LLC
		
	By:	 	  

		 	Name:
		 	Title:

  

Exhibit I – Page 3 

 EXHIBIT J 

to Amended and Restated Revolving Credit Agreement 

by and among 
 TCW DIRECT
LENDING LLC, 
 as Borrower, 

and 
 NATIXIS, NEW YORK
BRANCH, 
 as Administrative Agent 

FACILITY EXTENSION REQUEST 

            , 20     

Natixis, New York Branch 
 1251 Avenue of the Americas, 4th Floor

 New York, NY 10020 

			
	 Attention:
	 	 HankSandlass

	 Telephone:
	 	 (212)891-5868

	 Fax: 
	 	 (212)891-5780

	 Email:
	 	 hank.sandlass@us.natixis.com

 Ladies and Gentlemen: 

This Facility Extension Request (the “Request”) is executed and delivered by TCW DIRECT LENDING LLC, a Delaware
limited liability company (“Borrower”) to NATIXIS, NEW YORK BRANCH, as administrative agent (“Administrative Agent”), pursuant to that certain Amended and Restated Revolving Credit Agreement, dated as
of December 22, 2014 (as it may be amended, modified, supplemented, restated or amended and restated from time to time, the “Credit Agreement”), entered into by and among Borrower, Administrative Agent and the lenders
from time to time party thereto. Capitalized terms not defined herein shall have the meanings assigned to such terms in the Credit Agreement. 

Pursuant to Section 2.13 of the Credit Agreement, Borrower hereby notifies you that it elects to extend the Stated Maturity Date
to             , 20    14 (the “Extension”). The Extension Fee is
$            15. 
 In
connection with the Extension elected hereby, Borrower hereby represents, warrants, and certifies to Administrative Agent for the benefit of Lenders that: 
  

	 	(a)	This Request is being delivered not less than fifteen (15) days prior to the current Stated Maturity Date; 

  

	 	(b)	As of the date of the Request, each representation and warranty made in Section 8 of the Credit Agreement is true and correct, with the same force and effect as if made on and as of such date (except to the
extent that such representations and warranties specifically refer to any earlier date, in which case they shall be true and correct as of such earlier date and except that for the purposes of this Request, the representations and warranties
contained in Section 8.06 of the Credit Agreement shall be deemed to refer to the most recent financial statements furnished pursuant to clauses (a) and (b), respectively, of Section 9.01 of the Credit
Agreement); and 

  

	14 	NTD: Date that is not later than 12 months after the then-effective Stated Maturity Date. 

	15 	NTD: 0.25% of the existing Maximum Commitment. 

  

Exhibit J – Page 1 

	 	(c)	On the date of this Request, no Event of Default or Default exists and is continuing, and on the current Stated Maturity Date, no Event of Default or Default would result from the Extension. 

In the event that between the date hereof and the date of the Extension, (i) any event should occur which could reasonably be expected to
be an Event of Default or Default or (ii) any representation, warranty or certification set forth above is materially inaccurate if made on the date of the Stated Maturity Date in effect immediately prior to the Extension, Borrower shall notify
Administrative Agent. 
 REMAINDER OF PAGE INTENTIONALLY LEFT
BLANK. 
 SIGNATURE PAGE(S) FOLLOW(S).

  

Exhibit J – Page 2 

 The undersigned hereby certifies each and every matter contained herein to be true and correct.

  

			
	BORROWER:
	
	TCW DIRECT LENDING LLC
		
	 By:
	 	  

		 	Name:
		 	Title:

 Accepted and Approved: 
  

			
	NATIXIS, NEW YORK BRANCH,
	as Administrative Agent
		
	 By:
	 	  

		 	Name:
		 	Title:

  

Exhibit J – Page 3 

 EXHIBIT K 

to Amended and Restated Revolving Credit Agreement 

by and among 
 TCW DIRECT
LENDING LLC, 
 as Borrower, 

and 
 NATIXIS, NEW YORK
BRANCH, 
 as Administrative Agent 

LENDER GROUP JOINDER AGREEMENT 

                , 20     

Reference is made to that certain Amended and Restated Revolving Credit Agreement dated as of December 22, 2014 (as amended, modified or
restated from time to time, the “Credit Agreement”) by and among TCW Direct Lending LLC, as Borrower, Natixis, New York Branch, as Administrative Agent[, and the Conduit Lenders,] Committed Lenders and Funding Agents from
time to time party thereto. Capitalized terms used and not otherwise defined herein are used with the meanings set forth or incorporated by reference in the Credit Agreement. 

                    (the “New
Funding Agent”), [                    (the “New Conduit Lender(s)”),]
                    (the “New Committed Lender(s)”, and together with the New Funding Agent [and the New Conduit Lender(s)],
the “New Lender Group”), the Administrative Agent and the Borrower agree as follows: 
  

	1.	The Borrower Parties have requested that the New Lender Group become a “Lender Group” under the Credit Agreement. 

  

	2.	The effective date (the “Effective Date”) of this Joinder Agreement shall be the later of the date on which (i) a fully executed copy of this Joinder Agreement and (ii) a completed
administrative questionnaire with respect to each member of the New Lender Group are delivered to the Administrative Agent. 

  

	3.	 By executing and delivering this Joinder Agreement, each of the New Funding Agent[, the New Conduit Lender(s)] and the New Committed Lender(s)
(a) represents and warrants that: (i) it has full power and authority, and has taken all action necessary, to execute and deliver this Joinder Agreement and to consummate the transactions contemplated hereby and to become a Funding Agent[,
Conduit Lender] or Committed Lender, as applicable, under the Credit Agreement; (ii) it meets all requirements of an Eligible Assignee under the Credit Agreement (subject to receipt of such consents as may be required under the Credit
Agreement); (iii) from and after the Effective Date, it shall be bound by the provisions of the Credit Agreement as a Funding Agent[, Conduit Lender] or Committed Lender, as applicable, thereunder, and agrees that it will perform in accordance
with their terms all of the obligations that by the terms of the Loan Documents are required to be performed by it as a Funding Agent[, Conduit Lender] or Committed Lender; (iv) it has received a copy of the Credit Agreement, together with
copies of the most recent financial statements delivered pursuant to Section 9.01 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 Joinder Agreement and on the basis of which it has made such analysis and decision independently and without reliance on the Administrative Agent, any other Funding Agent or any other Lender; (v) it is a Qualified Purchaser; and
(vi) attached to this Joinder Agreement is any documentation required to be delivered by it pursuant to the terms of the Credit Agreement, duly 

  

Exhibit K – Page 1 

	 	
completed and executed by it as a Funding Agent, Conduit Lender or Committed Lender; (b) appoints and authorizes the Administrative Agent to take such action on its behalf and to exercise
such powers and discretion under the Credit Agreement and the Loan Documents as are delegated to the Administrative Agent by the terms hereof and thereof, together with such powers and discretion as are reasonably incidental thereto; (c) in the
case of [the New Conduit Lender(s) and] the New Committed Lender(s), appoints and authorizes the New Funding Agent as its Funding Agent to take such action as a Funding Agent on its behalf and to exercise such powers under the Credit Agreement, as
are delegated to the Funding Agents by the terms thereof; (d) acknowledges and agrees that, as a Funding Agent, [Conduit Lender] or Committed Lender, as applicable, it may receive confidential information concerning the Borrower Parties and
their Affiliates and agrees to use such information in accordance with Section 13.18 of the Credit Agreement; and (e) agrees that: (i) it will, independently and without reliance on the Administrative Agent, any other Funding
Agent or any other Lender, and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under the Loan Documents; and (ii) it will join in and be
a party to the Credit Agreement and perform in accordance with their terms all of the obligations which by the terms of the Loan Documents are required to be performed by it as a Funding Agent[, Conduit Lender] or Committed Lender, as applicable.

  

	4.	As of the Effective Date, Schedule 1.01A to the Credit Agreement is deemed amended and supplemented to reflect the joinder effectuated by this Joinder Agreement. 

 

	5.	The address of each New Funding Agent[, New Conduit Lender] and New Committed Lender for purposes of Schedule 13.07 of the Credit Agreement shall be the address set forth beneath its name on the signature
pages hereof. 

  

	6.	This Joinder Agreement may be executed by one or more of the parties on any number of separate counterparts, and all of said counterparts taken together shall be deemed to constitute one and the same instrument.
Delivery of an executed counterpart of a signature page of this Joinder Agreement by telecopy or other electronic transmission (including via “pdf”) shall be effective as delivery of a manually executed counterpart of this Joinder
Agreement. 

  

	7.	THIS JOINDER AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 

  

	8.	This Joinder Agreement is subject to the provisions of Section 13.08(b), Section 13.08(c), Section 13.08(d) and Section 13.09, each of which is incorporated by reference
herein. 

 REMAINDER OF PAGE INTENTIONALLY LEFT
BLANK. 
 SIGNATURE PAGE(S) FOLLOW(S).

  

Exhibit K – Page 2 

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

							
	 [NEW CONDUIT LENDER[S]:
	 		 	[NEW CONDUIT LENDER]
				
		 		 	By:	 	  

		 		 		 	Name:
		 		 		 	Title:]
				
		 		 		 	[Address]
			
	 [NEW COMMITTED LENDER[S]]:
	 		 	[NEW COMMITTED LENDER]
				
		 		 	By:	 	  

		 		 		 	Name:
		 		 		 	Title:
				
		 		 		 	[Address]
			
	 NEW FUNDING AGENT:
	 		 	[NEW FUNDING AGENT]
				
		 		 	By:	 	  

		 		 		 	Name:
		 		 		 	Title:
				
		 		 		 	[Address]

  

Exhibit K – Page 3 

 Consented to this          day of
            , 20     by: 
  

			
	NATIXIX, NEW YORK BRANCH
	 as Administrative Agent

		
	 By:
	 	  

		 	Name:
		 	Title:

  

			
	TCW DIRECT LENDING LLC
		
	 By:
	 	  

		 	Name:
		 	Title:

  

Exhibit K – Page 4 

 Schedule I 

to 
 Joinder Agreement 

Dated             , 20     

Section 1. 
 The “Commitment(s)” with
respect to the New Committed Lender(s) [is][are]: 
 [New Committed Lender]        
$[            ] 
 Section 2. 

The “Lender Group Limit” with respect to the New Lender Group is $[            ]. 

  

Exhibit K – Page 5 

 EXHIBIT L 

to Amended and Restated Revolving Credit Agreement 

by and among 
 TCW DIRECT
LENDING LLC, 
 as Borrower, 

and 
 NATIXIS, NEW YORK
BRANCH, 
 as Administrative Agent 

JOINDER AGREEMENT 

[            ], 20     

Reference is made to that certain Amended and Restated Revolving Credit Agreement dated as of December 22, 2014 (as amended, modified or
restated from time to time, the “Credit Agreement”) by and among TCW Direct Lending LLC, as borrower (the “Borrower”), Natixis, New York Branch, as administrative agent (“Administrative
Agent”), and the other agents and lenders from time to time party thereto. Capitalized terms used and not otherwise defined herein are used with the meanings set forth or incorporated by reference in the Credit Agreement. 

            (the “Joining Party”), the Administrative
Agent and the Borrower Parties agree as follows: 
  

	1.	The Borrower Parties have requested that the Joining Party become a “Qualified Borrower” pursuant to Section 7.03 of the Credit Agreement. 

 

	2.	The Joining Party hereby acknowledges, agrees and confirms that, by its execution of this Joinder Agreement, it will be deemed to be a party to the Credit Agreement and a “Qualified Borrower” for all
purposes of the Credit Agreement and the other Loan Documents, and shall have all of the obligations of a Qualified Borrower thereunder as if it had executed the Credit Agreement and the other Loan Documents. The Joining Party hereby ratifies, as of
the date hereof, and agrees to be bound by, all of the terms, provisions and conditions contained in the Loan Documents applicable to a Qualified Borrower. Without limitation of the foregoing, to the extent applicable to it, the Joining Party
represents and warrants that the representations and warranties in Section 8 of the Credit Agreement applicable to a Qualified Borrower, other than those as set forth in Section 3 below, are true and correct in all
material respects as of the date hereof. 

  

	3.	The jurisdiction of formation of the Joining Party is [            ], and the principal office, chief executive office and principal place of business in
[            ]. 

  

	4.	The Joining Party acknowledges and confirms that it has received a copy of the Credit Agreement and the schedules and exhibits thereto. 

 

	5.	In accordance with Section 7.03(d) of the Credit Agreement, Borrower confirms that, notwithstanding the joinder of the Joining Party as a Qualified Borrower to the Loan Documents, the obligations of Borrower
under Section 6 of the Credit Agreement are and shall continue to be in full force and effect, including with respect to the Joining Party. 

  

Exhibit L – Page 1 

	6.	The address of the Joining Party for purposes of Schedule 13.07 of the Credit Agreement shall be the address set forth beneath its name on the signature pages hereof. 

 

	7.	This Joinder Agreement may be executed by one or more of the parties on any number of separate counterparts, and all of said counterparts taken together shall be deemed to constitute one and the same instrument.
Delivery of an executed counterpart of a signature page of this Joinder Agreement by telecopy or other electronic transmission (including via “pdf”) shall be effective as delivery of a manually executed counterpart of this Joinder
Agreement. 

  

	8.	This Joinder Agreement shall become effective, and the Joining Party shall become a Qualified Borrower, upon satisfaction of the conditions contained in Section 7.03 of the Credit Agreement.

  

	9.	THIS JOINDER AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 

  

	10.	This Joinder Agreement is subject to the provisions of Section 13.08(b), Section 13.08(c), Section 13.08(d) and Section 13.09, each of which is incorporated by reference
herein. 

 REMAINDER OF PAGE INTENTIONALLY LEFT
BLANK. 
 SIGNATURE PAGE(S) FOLLOW(S).

  

Exhibit L – Page 2 

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

			
	JOINING PARTY:
	
	  

		
	By:	 	  

		 	Name:
		 	Title:
		
		 	[Address]

  

Exhibit L – Page 3 

			
	 NATIXIS, NEW YORK BRANCH,
 as
Administrative Agent

		
	By:	 	  

		 	Name:
		 	Title:
	
	 TCW DIRECT LENDING LLC,
 as
Borrower

		
	By:	 	  

		 	Name:
		 	Title:

  

Exhibit L – Page 4 

 EXHIBIT M16 

to Amended and Restated Revolving Credit Agreement 

by and among 
 TCW DIRECT
LENDING LLC, 
 as Borrower, 

and 
 NATIXIS, NEW YORK
BRANCH, 
 as Administrative Agent 

FORM OF U.S. TAX COMPLIANCE CERTIFICATE 

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

Reference is hereby made to the Amended and Restated Revolving Credit Agreement dated as of December 22, 2014 (as amended, supplemented
or otherwise modified from time to time, the “Credit Agreement”), by and among TCW Direct Lending LLC, as Borrower, Natixis, New York Branch, as Administrative Agent, and the lenders from time to time party thereto. 

Pursuant to the provisions of Section 4.01(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 Borrower within the meaning of Section 871(h)(3)(B) of the Code and (iv) it is not a controlled foreign corporation related to
Borrower as described in Section 881(c)(3)(C) of the Code. 
 The undersigned has furnished Administrative Agent and
Borrower with a certificate of its non-U.S. Person status on IRS Form W-8BEN (or W-8BEN-E, if applicable). By executing this certificate, the undersigned agrees that (1) if the information provided on this certificate changes, the undersigned
shall promptly so inform Borrower and Administrative Agent, and (2) the undersigned shall have at all times furnished Borrower and Administrative Agent with a properly completed and currently effective certificate in either the calendar year in
which each payment is to be made to the undersigned, or in either of the two calendar years preceding such payments. 
 Unless otherwise
defined herein, terms defined in the Credit Agreement and used herein shall have the meanings given to them in the Credit Agreement. 
 [NAME OF LENDER]

  

			
		
	By:	 	  

		 	Name:
		 	Title:

 Date:             , 20[    ] 

 

	16 	NTD: Subject to tax review. 

  

Exhibit M – Page 1 

 FORM OF U.S. TAX COMPLIANCE CERTIFICATE 

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

Reference is hereby made to the Amended and Restated Revolving Credit Agreement dated as of December 22, 2014 (as amended, supplemented
or otherwise modified from time to time, the “Credit Agreement”), by and among TCW Direct Lending LLC, as Borrower, Natixis, New York Branch, as Administrative Agent, and the lenders from time to time party thereto. 

Pursuant to the provisions of Section 4.01(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 Borrower within the meaning of Section 871(h)(3)(B) of the Code, and (iv) it is not a controlled foreign corporation related to Borrower as described in Section 881(c)(3)(C) of the Code. 

The undersigned has furnished its participating Lender with a certificate of its non-U.S. Person status on IRS Form W-8BEN (or W-8BEN-E, if
applicable). By executing this certificate, the undersigned agrees that (1) if the information provided on this certificate changes, the undersigned shall promptly so inform such Lender in writing, and (2) the undersigned shall have at all
times furnished such Lender with a properly completed and currently effective certificate in either the calendar year in which each payment is to be made to the undersigned, or in either of the two calendar years preceding such payments. 

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[    ] 

  

Exhibit M – Page 2 

 FORM OF U.S. TAX COMPLIANCE CERTIFICATE 

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

Reference is hereby made to the Amended and Restated Revolving Credit Agreement dated as of December 22, 2014 (as amended, supplemented
or otherwise modified from time to time, the “Credit Agreement”), by and among TCW Direct Lending LLC, as Borrower, Natixis, New York Branch, as Administrative Agent, and the lenders from time to time party thereto. 

Pursuant to the provisions of Section 4.01(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 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 Borrower 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 Borrower as described in Section 881(c)(3)(C) of the Code. 

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

 

			
		
	By:	 	  

		 	Name:
		 	Title:

 Date:                  ,
20[    ] 

  

Exhibit M – Page 3 

 FORM OF U.S. TAX COMPLIANCE CERTIFICATE 

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

Reference is hereby made to the Amended and Restated Revolving Credit Agreement dated as of December 22, 2014 (as amended, supplemented
or otherwise modified from time to time, the “Credit Agreement”), by and among TCW Direct Lending LLC, as Borrower, Natixis, New York Branch, as Administrative Agent, and the lenders from time to time party thereto. 

Pursuant to the provisions of Section 4.01(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 Note(s) evidencing such Loan(s)) in respect of which it is providing this certificate, (ii) its direct or indirect partners/members are the sole beneficial owners of such
Loan(s) (as well as any Note(s) evidencing such Loan(s)), (iii) with respect to the extension of credit pursuant to this Credit Agreement or any other Loan Document, neither the undersigned nor any of its direct or indirect
partners/members is a bank extending credit pursuant to a loan agreement entered into in the ordinary course of its trade or business within the meaning of Section 881(c)(3)(A) of the Code, (iv) none of its direct or indirect
partners/members is a ten percent shareholder of Borrower 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 Borrower as
described in Section 881(c)(3)(C) of the Code. 
 The undersigned has furnished Administrative Agent and Borrower 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, if applicable) or
(ii) an IRS Form W-8IMY accompanied by an IRS Form W-8BEN (or W-8BEN-E, if applicable) from each of such partner’s/member’s beneficial owners that is claiming the portfolio interest exemption. By executing this certificate, the
undersigned agrees that (1) if the information provided on this certificate changes, the undersigned shall promptly so inform Borrower and Administrative Agent, and (2) the undersigned shall have at all times furnished Borrower and
Administrative Agent with a properly completed and currently effective certificate in either the calendar year in which each payment is to be made to the undersigned, or in either of the two calendar years preceding such payments. 

Unless otherwise defined herein, terms defined in the Credit Agreement and used herein shall have the meanings given to them in the Credit
Agreement. 
 [NAME OF LENDER] 
  

			
		
	By:	 	  

		 	Name:
		 	Title:

 Date:                  ,
20[    ] 

  

Exhibit M – Page 4EX-10.1

 Exhibit 10.1 

Loan No. 07-0004582 

CREDIT AGREEMENT 
 Dated
as of December 17, 2014 
 among 

AVIV FINANCING VI, L.L.C., as the Parent Borrower, 

FINANCING VI HEALTHCARE PROPERTY, L.L.C., 

as the Property Borrower, 

GENERAL ELECTRIC CAPITAL CORPORATION, 

as Administrative Agent and a Lender, 

and 
 THE OTHER
FINANCIAL INSTITUTIONS WHO ARE OR HEREAFTER 
 BECOME PARTIES TO THIS CREDIT AGREEMENT, 

as Lenders 
 with

 GENERAL ELECTRIC CAPITAL CORPORATION, 

as Sole Lead Arranger and Book-Running Manager, 
  

 

 TABLE OF CONTENTS 

 

							
	 	  	 	  	Page	 
		
	 ARTICLE I         DEFINITIONS AND ACCOUNTING TERMS
	  	 	1	  
			
	 1.01.
	  	 Defined Terms
	  	 	1	  
			
	 1.02.
	  	 Interpretive Provisions
	  	 	30	  
			
	 1.03.
	  	 Accounting Terms
	  	 	30	  
			
	 1.04.
	  	 Rounding
	  	 	31	  
			
	 1.05.
	  	 References to Agreements and Laws
	  	 	31	  
			
	 1.06.
	  	 Times of Day
	  	 	31	  
		
	 ARTICLE II         COMMITMENTS AND ADVANCES
	  	 	31	  
			
	 2.01.
	  	 Commitment
	  	 	31	  
			
	 2.02.
	  	 Repayment of the Loans
	  	 	31	  
			
	 2.03.
	  	 Prepayments
	  	 	32	  
			
	 2.04.
	  	 Interest
	  	 	33	  
			
	 2.05.
	  	 Fees and Expenses
	  	 	33	  
			
	 2.06.
	  	 Computation of Interest
	  	 	34	  
			
	 2.07.
	  	 Payments Generally
	  	 	34	  
			
	 2.08.
	  	 Sharing of Payments
	  	 	35	  
			
	 2.09.
	  	 Evidence of Debt
	  	 	36	  
			
	 2.10.
	  	 Joint and Several Liability of the Borrowers
	  	 	36	  
			
	 2.11.
	  	 Appointment of Parent Borrower as Legal Representative for Credit Parties
	  	 	41	  
			
	 2.12.
	  	 Defaulting Lenders
	  	 	41	  
		
	 ARTICLE III         TAXES, YIELD PROTECTION AND ILLEGALITY
	  	 	42	  
			
	 3.01.
	  	 Taxes
	  	 	42	  
			
	 3.02.
	  	 Illegality
	  	 	45	  
			
	 3.03.
	  	 Inability to Determine Rates
	  	 	45	  
			
	 3.04.
	  	 Increased Cost and Reduced Return; Capital Adequacy; Reserves
	  	 	46	  
			
	 3.05.
	  	 Funding Losses
	  	 	47	  
			
	 3.06.
	  	 Matters Applicable to all Requests for Compensation
	  	 	47	  
			
	 3.07.
	  	 Survival
	  	 	48	  
		
	 ARTICLE IV         CONDITIONS PRECEDENT
	  	 	48	  
			
	 4.01.
	  	 Conditions of the Loan
	  	 	48	  

  
 i 

 TABLE OF CONTENTS 

(continued) 
  

 

							
	 	  	 	  	Page	 
		
	 ARTICLE V         REPRESENTATIONS AND WARRANTIES
	  	 	51	  
			
	 5.01.
	  	 Financial Statements; No Material Adverse Effect
	  	 	51	  
			
	 5.02.
	  	 Existence, Qualification and Power
	  	 	52	  
			
	 5.03.
	  	 Authorization; No Contravention
	  	 	52	  
			
	 5.04.
	  	 Binding Effect
	  	 	52	  
			
	 5.05.
	  	 Litigation
	  	 	52	  
			
	 5.06.
	  	 Compliance with ERISA
	  	 	53	  
			
	 5.07.
	  	 Environmental Matters
	  	 	53	  
			
	 5.08.
	  	 Margin Regulations; Investment Company Act; Business Loan
	  	 	54	  
			
	 5.09.
	  	 Compliance with Laws
	  	 	54	  
			
	 5.10.
	  	 Ownership of Property; Liens
	  	 	55	  
			
	 5.11.
	  	 Corporate Structure; Capital Stock, Etc.
	  	 	55	  
			
	 5.12.
	  	 Real Property Assets; Leases
	  	 	55	  
			
	 5.13.
	  	 Material Contracts; Additional Contractual Obligations
	  	 	56	  
			
	 5.14.
	  	 Investments
	  	 	57	  
			
	 5.15.
	  	 Solvency
	  	 	57	  
			
	 5.16.
	  	 Taxes
	  	 	57	  
			
	 5.17.
	  	 Insurance
	  	 	57	  
			
	 5.18.
	  	 No Default
	  	 	57	  
			
	 5.19.
	  	 Healthcare; Facility Representations and Warranties
	  	 	57	  
			
	 5.20.
	  	 Disclosure
	  	 	59	  
			
	 5.21.
	  	 Governmental Authorizations; Other Consents
	  	 	59	  
			
	 5.22.
	  	 Anti-Terrorism Laws
	  	 	59	  
			
	 5.23.
	  	 Collateral Documents
	  	 	60	  
			
	 5.24.
	  	 OFAC
	  	 	60	  
			
	 5.25.
	  	 Limitation
	  	 	60	  
		
	 ARTICLE VI         AFFIRMATIVE COVENANTS
	  	 	60	  
			
	 6.01.
	  	 Financial Statements
	  	 	60	  
			
	 6.02.
	  	 Certificates; Other Information
	  	 	61	  
			
	 6.03.
	  	 Preservation of Existence and Franchises
	  	 	64	  
			
	 6.04.
	  	 Books and Records
	  	 	64	  

  
 ii 

 TABLE OF CONTENTS 

(continued) 
  

							
	 	  	 	  	Page	 
			
	 6.05.
	  	 Compliance with Law
	  	 	64	  
			
	 6.06.
	  	 Payment of Obligations
	  	 	64	  
			
	 6.07.
	  	 Insurance
	  	 	65	  
			
	 6.08.
	  	 Maintenance of Property
	  	 	65	  
			
	 6.09.
	  	 Visit and Inspections
	  	 	65	  
			
	 6.10.
	  	 Use of Proceeds
	  	 	65	  
			
	 6.11.
	  	 Environmental Matters
	  	 	66	  
			
	 6.12.
	  	 Covenant to Give Security
	  	 	66	  
			
	 6.13.
	  	 Further Assurances
	  	 	67	  
			
	 6.14.
	  	 Compliance With Material Contracts
	  	 	67	  
			
	 6.15.
	  	 Appraisals
	  	 	67	  
			
	 6.16.
	  	 Facility Leases
	  	 	68	  
			
	 6.17.
	  	 Anti-Terrorism Laws
	  	 	68	  
			
	 6.18.
	  	 Health Care Covenants
	  	 	68	  
			
	 6.19.
	  	 Use and Application of Insurance Proceeds
	  	 	69	  
			
	 6.20.
	  	 Condemnation Awards
	  	 	69	  
		
	 ARTICLE VII         NEGATIVE COVENANTS
	  	 	70	  
			
	 7.01.
	  	 Liens
	  	 	70	  
			
	 7.02.
	  	 Indebtedness
	  	 	70	  
			
	 7.03.
	  	 Investments
	  	 	72	  
			
	 7.04.
	  	 Fundamental Changes
	  	 	72	  
			
	 7.05.
	  	 Dispositions
	  	 	73	  
			
	 7.06.
	  	 Business Activities
	  	 	73	  
			
	 7.07.
	  	 Transactions with Affiliates and Insiders
	  	 	73	  
			
	 7.08.
	  	 Organization Documents; Fiscal Year
	  	 	74	  
			
	 7.09.
	  	 Ownership of Subsidiaries
	  	 	74	  
			
	 7.10.
	  	 No Further Negative Pledges
	  	 	74	  
			
	 7.11.
	  	 Limitation on Restricted Actions
	  	 	74	  
			
	 7.12.
	  	 Accounting Changes
	  	 	75	  
		
	 ARTICLE VIII         EVENTS OF DEFAULT AND REMEDIES
	  	 	75	  
			
	 8.01.
	  	 Events of Default
	  	 	75	  

  
 iii 

 TABLE OF CONTENTS 

(continued) 
  

							
	 	  	 	  	Page	 
			
	 8.02.
	  	 Remedies Upon Event of Default
	  	 	78	  
			
	 8.03.
	  	 Application of Funds
	  	 	78	  
			
	 8.04.
	  	 Administrative Agent’s Right to Perform the Obligations
	  	 	79	  
		
	 ARTICLE IX         ADMINISTRATIVE AGENT
	  	 	80	  
			
	 9.01.
	  	 Appointment and Authorization of Administrative Agent
	  	 	80	  
			
	 9.02.
	  	 Delegation of Duties
	  	 	80	  
			
	 9.03.
	  	 Liability of Administrative Agent
	  	 	80	  
			
	 9.04.
	  	 Reliance by Administrative Agent
	  	 	81	  
			
	 9.05.
	  	 Notice of Default
	  	 	81	  
			
	 9.06.
	  	 Credit Decision; Disclosure of Confidential Information by Administrative Agent
	  	 	82	  
			
	 9.07.
	  	 Indemnification of Administrative Agent
	  	 	82	  
			
	 9.08.
	  	 Administrative Agent in its Individual Capacity
	  	 	83	  
			
	 9.09.
	  	 Successor Administrative Agent
	  	 	83	  
			
	 9.10.
	  	 Administrative Agent May File Proofs of Claim
	  	 	84	  
			
	 9.11.
	  	 Collateral Matters
	  	 	85	  
			
	 9.12.
	  	 Substitutions and Releases of Real Property Assets
	  	 	85	  
			
	 9.13.
	  	 Like-Kind Exchanges
	  	 	87	  
		
	 ARTICLE X         MISCELLANEOUS
	  	 	88	  
			
	 10.01.
	  	 Amendments, Etc.
	  	 	88	  
			
	 10.02.
	  	 Notices and Other Communications; Facsimile Copies
	  	 	89	  
			
	 10.03.
	  	 No Waiver; Cumulative Remedies
	  	 	92	  
			
	 10.04.
	  	 Expenses; Indemnity; Damage Waiver
	  	 	92	  
			
	 10.05.
	  	 Payments Set Aside
	  	 	94	  
			
	 10.06.
	  	 Successors and Assigns
	  	 	94	  
			
	 10.07.
	  	 Treatment of Certain Information; Confidentiality
	  	 	97	  
			
	 10.08.
	  	 Set off
	  	 	98	  
			
	 10.09.
	  	 Interest Rate Limitation
	  	 	98	  
			
	 10.10.
	  	 Counterparts; Integration; Effectiveness
	  	 	98	  
			
	 10.11.
	  	 Survival of Representations and Warranties
	  	 	99	  
			
	 10.12.
	  	 Severability
	  	 	99	  

  
 iv 

 TABLE OF CONTENTS 

(continued) 
  

							
	 	  	 	  	Page	 
			
	 10.13.
	  	 Replacement of Lenders
	  	 	99	  
			
	 10.14.
	  	 No Advisory or Fiduciary Responsibility
	  	 	100	  
			
	 10.15.
	  	 Source of Funds
	  	 	101	  
			
	 10.16.
	  	 GOVERNING LAW
	  	 	101	  
			
	 10.17.
	  	 WAIVER OF RIGHT TO TRIAL BY JURY
	  	 	102	  
			
	 10.18.
	  	 No Conflict
	  	 	102	  
			
	 10.19.
	  	 USA Patriot Act Notice
	  	 	102	  
			
	 10.20.
	  	 Entire Agreement
	  	 	102	  

 SCHEDULES 
  

			
	2.02	 	Amortization Schedule
	2.07	 	Lenders, Commitments and Commitment Percentages
	2.10	 	Loan Allocations Among Borrowers
	5.01(c)	 	Sale, Transfer or other Disposition or Purchase or other Acquisition
	5.11	 	Corporate Structure; Capital Stock
	5.12	 	Real Property Asset Matters
	5.13	 	Material Contracts; Contracts Subject to Assignment of Claims Act
	5.17	 	Insurance Summary
	5.19	 	Healthcare Disclosures
	5.22	 	Patriot Act Information
	7.01	 	Liens
	7.02	 	Borrower’s Indebtedness
	7.03	 	Investments
	9.12	 	Allocated Loan Values
	10.02	 	Notice Addresses

 EXHIBITS 
  

			
	A	  	Form of Assignment and Assumption
	B	  	Form of Borrower Joinder Agreement
	C	  	Form of Compliance Certificate
	D	  	Form of Note
	E	  	Form of Security Agreement

  
 v 

 CREDIT AGREEMENT 

This CREDIT AGREEMENT (as amended, restated, supplemented or otherwise modified from time to time, this
“Credit Agreement” or this “Agreement”) is entered into as of December 17, 2014 by and among GENERAL ELECTRIC CAPITAL CORPORATION, a Delaware corporation (in its
individual capacity, “GECC” and in its capacity as agent for the Lenders, together with its successors, “Administrative Agent”), the financial institutions other than GECC
who are or hereafter become parties to this Agreement (together with GECC, individually, a “Lender”, and collectively, the “Lenders”, as the context may require) AVIV
FINANCING VI, L.L.C., a Delaware limited liability company (together with its successors, the “Parent Borrower”) and FINANCING VI HEALTHCARE PROPERTY, L.L.C., a Delaware limited liability company (the
“Property Borrower”; the Property Borrower together with the Parent Borrower and each of the entities from time to time executing a Borrower Joinder Agreement pursuant to Section 6.12(a) hereof shall
be hereinafter referred to individually as “Borrower” and collectively as the “Borrowers”). 

WHEREAS, in connection with the transactions contemplated by the Laurel Acquisition Agreement (as defined below), the Borrowers have
requested that the Lenders hereunder provide a term loan facility in an amount of $180,000,000, and the Lenders are willing to do so on the terms and conditions set forth herein. 

NOW, THEREFORE, in consideration of these premises and the mutual covenants and agreements contained herein, the receipt and
sufficiency of which are hereby acknowledged, the parties hereto covenant and agree as follows: 
 ARTICLE I 

DEFINITIONS AND ACCOUNTING TERMS 
 1.01.
Defined Terms. 
 As used in this Credit Agreement, the following terms have the meanings set forth below: 

“2014 Credit Agreement” shall mean that certain Credit Agreement dated as of May 14, 2014 by and among Aviv Healthcare
Properties Limited Partnership, as the parent, Aviv Healthcare Capital Corporation, as “Subsidiary Borrower”, Aviv REIT, Inc., as the REIT guarantor, the other guarantors party thereto, the financial institutions from time to time party
thereto, as the lenders, and Bank of America, N.A., as the administrative agent, as such Credit Agreement may be amended, restated, amended and restated, supplemented or otherwise modified from time to time. 

“Acquisition” means the purchase or acquisition by any Person of (a) more than 50% of the Capital Stock with ordinary
voting power of another Person or (b) all or any substantial portion of the property (other than Capital Stock) of another Person, whether or not involving a merger or consolidation with such other Person. 

 “Administrative Agent” means General Electric Capital Corporation in its
capacity as administrative agent for the Lenders under any of the Credit Documents, or any successor administrative agent. 

“Administrative Agent’s Office” means the Administrative Agent’s address and, as appropriate, account as set forth
on Schedule 10.02, or such other address or account as the Administrative Agent may from time to time notify the Borrowers and the Lenders. 

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

“Advance” means amounts advanced by the Lenders (or any of them, as applicable) to or for the benefit of the Borrowers
pursuant to Article 2 hereof on the Closing Date. 
 “Affiliate” means, with respect to any 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. 

“Agent-Related Persons” means the Administrative Agent, together with its Affiliates, and the officers, directors, employees,
agents and attorneys-in-fact of such Persons and Affiliates. 
 “Aggregate Commitment” means the Commitments of all the
Lenders. 
 “Agreement” has the meaning provided in the introductory paragraph hereof. 

“Allocable Amount” has the meaning provided in Section 2.10(i). 

“Allocated Loan Value” shall be for each Real Property Asset owned or leased by the Borrowers on the Closing Date, the amount
set forth for such Real Property Asset on Schedule 9.12, as such Schedule is subsequently updated pursuant to the terms hereof through the delivery of each Compliance Certificate hereunder or as otherwise may be amended from time to time as
provided in this Agreement. 
 “Applicable Percentage” means 3.50%. 

“Approved Fund” means any Fund that is administered or managed by (a) a Lender, (b) an Affiliate of a Lender or
(c) an entity or an Affiliate of an entity that administers or manages a Lender. 
 “Assignee Group” means two or more
Eligible Assignees that are Affiliates of one another or two or more Approved Funds managed by the same investment advisor. 

“Assignment and Assumption” means an assignment and assumption entered into by a Lender and an Eligible Assignee (with the
consent of any party whose consent is required by Section 10.06(b)), and accepted by the Administrative Agent, in substantially the form of Exhibit A or any other form approved by the Administrative Agent and, if such
assignment and assumption requires their consent, the Borrowers. 

  
 2 

 “Assignment of Leases” means an assignment of leases, rents and profits to the
Administrative Agent with respect to the applicable Borrower’s interests in a Real Property Asset (which assignment may be contained within the related Mortgage Instrument); provided that each such Assignment of Leases shall, subject to
the terms and conditions of the applicable underlying lease, directly assign to the Administrative Agent the applicable Borrower’s interest in the following: (a) all existing and future leases, subleases, tenancies, licenses, occupancy
agreements or agreements to lease all or any portion of such Real Property Asset (including, without limitation, any applicable Facility Operating Lease), whether written or oral or for a definite period or month-to-month, together with any
extensions, renewals, amendments, modifications or replacements thereof, and any options, rights of first refusal, pledges, security agreements and guarantees of any tenant’s obligations under any lease or sublease now or hereafter in effect
with respect to the Real Property Asset (individually, for the purposes of this definition, a “Lease” and collectively, the “Leases”); and (b) all rents (including, without limitation, base
rents, minimum rents, additional rents, percentage rents, parking, maintenance and deficiency rents and payments which are characterized under the terms of the applicable Lease as payments of interest and/or principal with respect to the applicable
Real Property Asset), security deposits (to the extent assignable, in whatever form, including cash and letters of credit), tenant escrows, income, receipts, revenues, reserves, issues and profits of the Real Property Asset from time to time
accruing, including, without limitation, (i) all rights to receive payments arising under, derived from or relating to any Lease, (ii) all lump sum payments for the cancellation or termination of any Lease, the waiver of any term thereof,
or the exercise of any right of first refusal, call option, put option or option to purchase, and (iii) the return of any insurance premiums or ad valorem tax payments made in advance and subsequently refunded. In furtherance (and not
limitation) of the foregoing, each Assignment of Leases shall assign to the Administrative Agent any and all of the applicable Borrower’s rights to collect or receive any payments with respect to the applicable Real Property Asset. Finally,
each Assignment of Leases shall, in any case, be in form and substance reasonably satisfactory to the Administrative Agent in its discretion and suitable for recording in the applicable jurisdiction; and “Assignments of Leases” means a
collective reference to each such Assignment of Leases. 
 “Attributable Debt” in respect of a Sale and Leaseback
Transaction means, at the time of determination, the present value of the total obligations of the lessee for net rental payments during the remaining term of the lease included in such Sale and Leaseback Transaction. For purposes hereof such
present value shall be calculated using a discount rate equal to the rate of interest implicit in such Sale and Leaseback Transaction, determined by the lessee in good faith on a basis consistent with comparable determinations of Capitalized Lease
Obligations under GAAP; provided, however, that if such sale and leaseback transaction results in a Capitalized Lease Obligation, the amount of Indebtedness represented thereby will be determined in accordance with the definition of
“Capitalized Lease Obligations. 
 “Attorney Costs” means and includes all reasonable and documented fees, expenses
and disbursements of any law firm or other external counsel. 
 “Audited Financial Statements” means the audited
consolidated balance sheet of the REIT Party and its Consolidated Subsidiaries for the fiscal year ended December 31, 2013, and the related consolidated statements of earnings, shareholders’ equity and cash flows for such fiscal year of
the REIT Party and its Consolidated Subsidiaries, including the notes thereto. 

  
 3 

 “Award” has the meaning provided in 6.20. 

“Bankruptcy Event” means, with respect to any Person, the occurrence of any of the following: (a) the entry of a decree
or order for relief by a court or governmental agency in an involuntary case under any applicable Debtor Relief Law or any other bankruptcy, insolvency or other similar law now or hereafter in effect, or the appointment by a court or governmental
agency of a receiver, liquidator, assignee, custodian, trustee, sequestrator (or similar official) of such Person or for any substantial part of its property or the ordering of the winding up or liquidation of its affairs by a court or governmental
agency and such decree, order or appointment is not vacated or discharged within ninety (90) days of its filing; or (b) the commencement against such Person of an involuntary case under any applicable Debtor Relief Law or any other
bankruptcy, insolvency or other similar law now or hereafter in effect, or of any case, proceeding or other action for the appointment of a receiver, liquidator, assignee, custodian, trustee, sequestrator (or similar official) of such Person or for
any substantial part of its property or for the winding up or liquidation of its affairs, and such involuntary case or other case, proceeding or other action shall remain undismissed for a period of ninety (90) consecutive days, or the
repossession or seizure by a creditor of such Person of a substantial part of its property; or (c) such Person shall commence a voluntary case under any applicable Debtor Relief Law or any other bankruptcy, insolvency or other similar law now
or hereafter in effect, or consent to the entry of an order for relief in an involuntary case under any such law, or consent to the appointment of or the taking possession by a receiver, liquidator, assignee, creditor in possession, custodian,
trustee, sequestrator (or similar official) of such Person or for any substantial part of its property or make any general assignment for the benefit of creditors; or (d) the filing of a petition by such Person seeking to take advantage of any
Debtor Relief Law or any other applicable Law, domestic or foreign, relating to bankruptcy, insolvency, reorganization, winding-up, or composition or adjustment of debts, or (e) such Person shall fail to
contest in a timely and appropriate manner (and if not dismissed within ninety (90) days or shall consent to any petition filed against it in an involuntary case under such bankruptcy laws or other applicable Law or consent to any proceeding or
action relating to any bankruptcy, insolvency, reorganization, winding-up, or composition or adjustment of debts with respect to its assets or existence, or (f) such Person shall admit in writing, or such
Person’s financial statements shall reflect, an inability to pay its debts generally as they become due. 
 “Base
Rate” means for any day a fluctuating rate per annum equal to the rate of interest in effect for such day as publicly announced from time to time by the Base Rate Bank as its “prime rate,” The “prime rate” is a rate set
by the Base Rate Bank based upon various factors including Base Rate Bank’s costs and desired return, general economic conditions and other factors, and is used as a reference point for pricing some loans, which may be priced at, above, or
below such announced rate. Any change in the prime rate announced by Base Rate Bank shall take effect at the opening of business on the day specified in the public announcement of such change. 

“Base Rate Bank” means Bank of America, N.A. 

“Base Rate Loan” means the Loan in the event that the Loan bears interest based on the Base Rate pursuant to the terms
hereof. 

  
 4 

 “Borrower” and “Borrowers” shall have the meanings given to
such terms in the introductory paragraph hereof. 
 “Borrower’s Knowledge” means with respect to any matter, the
current and actual (and not constructive, imputed or implied) knowledge of that matter of any Responsible Officer, without any personal liability or duty of inquiry on the part of any such Responsible Officer. 

“Borrower Representative” has the meaning provided in Section 2.11 hereof. 

“Borrower Joinder Agreement” means a joinder agreement in the form of Exhibit B to be executed by each new
Subsidiary of the Parent Borrower that is required to become a Borrower in accordance with Section 6.12(a) hereof. 

“Borrower Materials” has the meaning specified in Section 6.02. 

“Business” or “Businesses” means, at any time, a collective reference to the businesses operated by the
respective Credit Parties, as applicable, at such time. 
 “Business Day” means any day other than a Saturday, Sunday or
other day on which commercial banks are authorized to close under the Laws of, or are in fact closed in, the State of Illinois, New York or the state where the Administrative Agent’s Office is located and, if such day relates to determining the
Eurodollar Rate hereunder, means any such day on which dealings in Dollar deposits are conducted by and between banks in the London interbank eurodollar market. 

“Capital Lease” means, with respect to any Person, any lease of (or other agreement conveying the right to use) any real or
personal property by such Person that, in conformity with GAAP, is accounted for as a capital lease on the balance sheet of such Person. 

“Capital Stock” means (a) in the case of a corporation, capital stock, (b) in the case of an association or
business entity, any and all shares, interests, participations, rights or other equivalents (however designated) of capital stock, (c) in the case of a partnership, partnership interests (whether general or limited), (d) in the case of a
limited liability company, membership interests and (e) any other interest or participation that confers on a Person the right to receive a share of the profits and losses of, or distributions of assets of, the issuing Person. 

“Capitalized Lease Obligations” means, at the time any determination is to be made, the amount of the liability in respect of
a Capital Lease that would at that time be required to be capitalized on a balance sheet in accordance with GAAP. 
 “Cash
Equivalents” means (a) securities issued or directly and fully guaranteed or insured by (i) the United States or any agency or instrumentality thereof (provided that the full faith and credit of the United States is pledged in
support thereof) having maturities of not more than twelve months from the date of acquisition, (b) time deposits and certificates of deposit of (i) any Lender, (ii) any domestic commercial bank of recognized standing having capital
and surplus in excess of $500,000,000 or (iii) any bank whose short-term commercial paper rating from S&P is at least A-1 or the equivalent thereof or from
Moody’s is at least P-1 or the equivalent thereof (each an “Approved Bank”), in each case with maturities of not more than two hundred seventy

  
 5 

 
(270) days from the date of acquisition, (c) commercial paper and variable or fixed rate notes issued by any Approved Bank (or by the parent company thereof) or any variable rate notes
issued by, or guaranteed by, any domestic corporation rated A-1 (or the equivalent thereof) or better by S&P or P-1 (or the equivalent thereof) or better by
Moody’s and maturing within six months of the date of acquisition, (d) repurchase agreements entered into by any Person with a bank or trust company (including any of the Lenders) or recognized securities dealer having capital and surplus
in excess of $500,000,000 for direct obligations issued by or fully guaranteed by the United States in which such Person shall have a perfected first priority security interest (subject to no other Liens) and having, on the date of purchase thereof,
a fair market value of at least 100% of the amount of the repurchase obligations and (e) Investments (classified in accordance with GAAP as current assets) in money market investment programs registered under the Investment Company Act of 1940,
as amended, that are administered by reputable financial institutions having capital of at least $500,000,000 and the portfolios of which are limited to Investments of the character described in the foregoing subclauses hereof. 

“Casualty” has the meaning specified in Section 6.19. 

“Change in Law” means the occurrence, after the date of this Agreement, of any of the following: (a) the adoption or
taking effect of any law, rule, regulation or treaty, (b) any change in any law, rule, regulation or treaty or in the administration, interpretation or application thereof by any Governmental Authority or (c) the making or issuance of any
request, guideline or directive (whether or not having the force of law) by 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 regulatory authorities, in each case pursuant to Basel III, shall in each case be deemed to be a “Change in Law”, regardless of the date enacted, adopted or issued. 

“Change of Control” means the occurrence of any of the following events: (a) any Person or two or more Persons acting in
concert, other than Permitted Holders, shall have acquired beneficial ownership, directly or indirectly, of, or shall have acquired by contract or otherwise, or shall have entered into a contract or arrangement that, upon consummation, will result
in its or their acquisition of or control over, voting stock of the REIT Party (or other securities convertible into such voting stock) representing thirty-five percent (35%) or more of the combined voting power of all voting stock of the REIT
Party, (b) during any period of up to twelve (12) consecutive months, commencing after the Closing Date, individuals who at the beginning of such twelve (12) month period were directors of the REIT Party (together with any new
director whose election by the REIT Party’s Board of Directors or whose nomination for election by the REIT Party’s shareholders was (i) approved by a vote of at least a majority of the directors then still in office who either were
directors at the beginning of such period or whose election or nomination for election was previously so approved or (ii) made in accordance with any voting agreement to which the REIT Party is then a party and which was in effect on the
Closing Date) cease for any reason other than death, disability or conflict of interest to constitute a majority of the directors of the REIT Party then in office, or (c) the REIT Party ceases to own (directly or indirectly) 100% of the Capital
Stock of the other entities which are Borrowers from 

  
 6 

 
time to time under the Credit Agreement. As used herein, “beneficial ownership” shall have the meaning provided in Rule 13d-3 under the Securities Exchange Act of 1934. Notwithstanding
the foregoing, the consummation of the merger or the Partnership Combination (as defined in the Omega Merger Agreement) contemplated by the Omega Merger Agreement shall not be deemed a “Change of Control.” 

“Closing Date” means December 17, 2014. 

“CMS” means the Centers for Medicare & Medicaid Services, the federal agency responsible for administering the
Medicare, Medicaid, SCHIP (State Children’s Health Insurance), HIPAA, CLIA (Clinical Laboratory Improvement Amendments), and any other federal health-related programs affecting the operation of the Real Property Assets. 

“Collateral” means a collective reference to all real and personal property (including without limitation, the Real Property
Assets) of the Borrowers with respect to which Liens in favor of the Administrative Agent are either executed, identified or purported to be granted pursuant to and in accordance with the terms of the Collateral Documents. 

“Collateral Documents” means a collective reference to the Mortgage Instruments, the Security Agreement, the Pledge
Agreement, the Assignments of Leases (if requested), and any UCC financing statements securing payment hereunder, or any other documents securing the Obligations under this Credit Agreement or any other Credit Document. 

“Commitment” shall mean each of the several obligations of the Lenders to fund their respective portions of the Loan to the
Borrower on the Closing Date as set forth in Section 2.01 hereof, in accordance with their respective Commitment Ratios in the aggregate sum of $180,000,000.00, pursuant to the terms hereof. 

“Commitment Percentage” shall mean, with respect to any Lender for any Commitment, or once funded, for any Loan, the
percentage equivalent of the ratio which such Lender’s portion of such Commitment and/or Loan bears to the aggregate amount of such Commitment and/or Loan (as each may be adjusted from time to time as provided herein); and “Commitment
Percentages” shall mean, with respect to any Commitment, or once funded, for any Loan, the Commitment Ratios of all of the Lenders with respect to such Commitment and/or Loan. As of the Closing Date, the Commitment Ratios of the Lenders
party to this Agreement are as set forth on Schedule 2.07 attached hereto. 
 “Commitment Ratios” shall mean the
percentages in which the Lenders are severally bound to fund their respective portions of Advances to the Borrower under the Commitment, which are set forth (together with dollar amounts) as of the Closing Date on Schedule 2.07 attached
hereto. 
 “Commodity Exchange Act” means the Commodity Exchange Act (7 U.S.C. § 1 et seq.). 

“Compliance Certificate” means a certificate substantially in the form of Exhibit C; provided, that
each such Compliance Certificate shall, in any case, include (without limitation): (a) to the extent any changes have occurred since the delivery of the previous Compliance Certificate, an updated version of Schedules 5.11,
5.12, and 5.13, along with a summary of 

  
 7 

 
changes made to such schedules since the previous delivery thereof; provided, further, that upon the delivery of such updated schedules, then Schedule 5.11,
Schedule 5.12, and Schedule 5.13 shall each be deemed to have been amended and restated to read in accordance with the applicable updated schedule and the representations and warranties with respect thereto shall apply to
such amended and restated schedules and (b) supporting documents and materials reasonably required by the Administrative Agent for the evidencing of the calculations and certifications made in connection therewith. 

“CON” has the meaning provided in Section 6.18. 

“Condemnation” has the meaning provided in Section 6.20. 

“Consolidated Parties” means the REIT Party and its Consolidated Subsidiaries, as determined in accordance with GAAP. 

“Consolidated Subsidiaries” means at any date any Subsidiary or other entity the accounts of which would be consolidated with
those of the REIT Party in its consolidated financial statements if such statements were prepared as of such date. 
 “Contract
Rate” means the Eurodollar Rate plus the Applicable Percentage. 
 “Contractual Obligation” means, as to any
Person, any provision of any security issued by such Person or of any agreement, instrument or other undertaking to which such Person is a party or by which it or any of its property is bound. 

“Control” 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. Without limiting the generality of the foregoing, a Person
shall be deemed to be Controlled by another Person if such other Person possesses, directly or indirectly, power to vote twenty-five percent (25%) or more of the securities having ordinary voting power for the election of directors, managing
general partners or the equivalent. 
 “Credit Agreement” has the meaning given to such term in the introductory paragraph
hereof. 
 “Credit Documents” means this Credit Agreement, the Collateral Documents, the Notes, the Borrower Joinder
Agreement, the Hazardous Materials Indemnity Agreement, Secured Swap Contracts, and the Compliance Certificates. 
 “Credit
Party” means, as of any date, the Borrowers, the Borrowers’ Representative and their respective Subsidiaries; and “Credit Parties” means a collective reference to each of them. 

“Currency Agreement” means any foreign exchange contract, currency swap agreement or other similar agreement or arrangement.

  
 8 

 “Debtor Relief Laws” means the Bankruptcy Code of the United States, 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, act or condition
that, with notice, the passage of time, or both, would constitute an Event of Default. 
 “Default Rate” means an interest
rate equal to (a) the Base Rate plus (b) the Applicable Percentage, if any, applicable to a Base Rate Loan plus (c) two percent (2%) per annum; provided, however, that with respect to a Eurodollar Loan, the Default Rate
shall be an interest rate equal to the interest rate (including any Applicable Percentage) otherwise applicable to such Loan plus two percent (2%) per annum, in each case to the fullest extent permitted by applicable Law. 

“Defaulting Lender” means any Lender that (a) has failed to fund any portion of the Advances required to be funded by it
hereunder within one Business Day of the date required to be funded by it hereunder and has not cured such failure prior to the date of determination, (b) has notified the Borrowers 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, (c) has otherwise failed to pay over to the Administrative Agent or any other Lender any other amount required to be
paid by it hereunder within one Business Day of the date when due, unless the subject of a good faith dispute, and has not cured such failure prior to the date of determination, or (d) has, or has a direct or indirect parent company that has,
(i) become the subject of a proceeding under any Debtor Relief Law, (ii) 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 which becomes a
Defaulting Lender solely under this clause (d) shall (1) not be a Defaulting Lender solely as a result of its direct or indirect parent company being a Defaulting Lender under this clause (d) if such Lender can continue to act in the
ordinary course of business with respect to its duties hereunder in its capacity as Lender and (2) no longer be a Defaulting Lender under such clause (d) upon the earlier to occur of: (A) the dismissal of such bankruptcy proceeding
and (B) the entry of an order of the court having jurisdiction over such proceeding which permits such Lender to continue to act in the ordinary course of business with respect to its duties hereunder in its capacity as Lender, provided
further that a Lender shall not be a Defaulting Lender solely by virtue of the ownership or acquisition of any equity interest in that Lender or any direct or indirect parent company thereof by a Governmental Authority. 

“Disposition” or “Dispose” means the sale, transfer or other disposition (including any Sale and Leaseback
Transaction) of any property by any Person, including any sale, assignment, transfer or other disposal, with or without recourse, of any notes or accounts receivable or any rights and claims associated therewith. 

“Disqualified Lender” means a competitor of the REIT Party or the Parent Borrower (i.e., a REIT investing primarily in
Healthcare Facilities) identified in writing by the REIT Party or Parent Borrower to the Administrative Agent and each Lender, on or prior to the Closing Date. 

  
 9 

 “Dollar” or “$” means the lawful currency of the United States.

 “EBITDAR” means, on any date of determination, the combined unaudited financial results of the Eligible Tenants of the
Healthcare Facilities calculated as net income for the most recently completed six (6) month period plus, to the extent deducted in determining such net income, interest expense, rent expense paid to any Borrower, income tax expense,
depreciation and amortization for such six (6) month period, excluding any other non-recurring or extraordinary gains or losses of the Eligible Tenants for such six (6) month period. 

“Eligibility Requirements” means with respect to any Person, that such Person: (a) has total assets (in name or under
management) in excess of $600,000,000 and (except with respect to a pension advisory firm or similar fiduciary) capital/statutory surplus or shareholder’s equity of $250,000,000, (b) is regularly engaged in the business of making or owning
commercial real estate loans or operating commercial mortgage properties and (c) is approved by (i) the Administrative Agent (such approval not to be unreasonably withheld or delayed), and (ii) unless an Event of Default has occurred
and is continuing, the Borrower Representative (each such approval not to be unreasonably withheld or delayed). 
 “Eligible
Assignee” means (a) a Lender; (b) an Affiliate of a Lender; (c) an Approved Fund; and (d) any other Person (other than a natural person) approved by (i) the Administrative Agent (such approval not to be unreasonably
withheld or delayed), and (ii) unless an Event of Default has occurred and is continuing, the Borrower Representative (each such approval not to be unreasonably withheld or delayed); provided, that the Parent Borrower shall use
reasonable efforts to approve or disapprove such Person within ten (10) Business Days after receipt of a written request for approval, together with reasonably sufficient information to evaluate the potential assignee (including, if reasonably
requested, financial information), and a failure to approve or disapprove in such ten (10) Business Day period shall be deemed to mean that such Person is approved); provided further that notwithstanding the foregoing,
“Eligible Assignee” shall not include any Disqualified Lender or the REIT Party or any of the REIT Party’s Affiliates or Subsidiaries. 

“Eligible Lease” means, at any time, a lease (a) under which a Borrower is the lessee or holds equivalent rights and is
the fee owner of the improvements or has a valid lease in existing improvements located thereon, (b) that on the date of acquisition has a remaining term of not less than thirty (30) years, (c) under which any required rental payment,
principal or interest payment or other payment due under such lease from such Borrower to the ground lessor is not more than sixty (60) days past due, (d) where no party to such lease is subject to a then continuing Bankruptcy Event,
(e) such lease (or a related document executed by the applicable ground lessor) contains customary provisions protective of any lender to the lessee and (f) where the Borrower’s interest in the underlying Real Property Asset or the
lease is not subject to (i) any Lien other than Permitted Liens and other encumbrances acceptable to the Administrative Agent and the Required Lenders, in their discretion, or (ii) any Negative Pledge. The only Eligible Lease on the
Closing Date is the Laurel Master Lease. 
 “Eligible Tenant” means an Operating Tenant (a) which is LHCC Properties,
LLC; or (b) which has been consented to by the Administrative Agent, such consent not to be unreasonably withheld. If the Administrative Agent has not responded to the Borrower’s request for consent

  
 10 

 
within fifteen (15) Business Days after the Borrower has submitted the required Tenant Background Information and the other conditions in Section 9.12(a) have been satisfied, then such
Operating Tenant shall be deemed to be an Eligible Tenant. 
 “Environmental Laws” means any and all federal, state, local,
and foreign statutes, laws, regulations, ordinances, rules, judgments, orders, decrees, permits, concessions, grants, franchises, licenses, agreements or governmental restrictions relating to pollution and the protection of the environment or the
release of any Hazardous Substances into the environment, including those related to wastes, air emissions and discharges to waste or public systems. 

“Equity Interests” means, with respect to any Person, all of the shares of capital stock of (or other ownership or profit
interests in) such Person, all of the warrants, options or other rights for the purchase or acquisition from such Person of shares of capital stock of (or other ownership or profit interests in) such Person, all of the securities convertible into or
exchangeable for shares of capital stock of (or other ownership or profit interests in) such Person or warrants, rights or options for the purchase or acquisition from such Person of such shares (or such other interests), and all of the other
ownership or profit interests in such Person (including partnership, member or trust interests therein), whether voting or nonvoting, and whether or not such shares, warrants, options, rights or other interests are outstanding on any date of
determination. 
 “ERISA” means the Employee Retirement Income Security Act of 1974, as amended. 

“ERISA Affiliate” means any trade or business (whether or not incorporated) under common control with the Parent Borrower
within the meaning of Section 414(b) or (c) of the Internal Revenue Code (and Sections 414(m) and (o) of the Internal Revenue Code for purposes of provisions relating to Section 412 of the Internal Revenue Code). 

“ERISA Event” means (a) a Reportable Event with respect to a Pension Plan; (b) a withdrawal by any ERISA Affiliate
from a Pension Plan subject to Section 4063 of ERISA during a plan year in which it was a substantial employer (as defined in Section 4001(a)(2) of ERISA) or a cessation of operations that is treated as such a withdrawal under
Section 4062(e) of ERISA; (c) a complete or partial withdrawal by any ERISA Affiliate from a Multiemployer Plan or notification that a Multiemployer Plan is in reorganization; (d) the filing of a notice of intent to terminate, the
treatment of a Plan amendment as a termination under Sections 4041 or 4041A of ERISA, or the commencement of proceedings by the PBGC to terminate a Pension Plan or Multiemployer Plan; (e) an event or condition that could reasonably be
expected to constitute grounds under Section 4042 of ERISA for the termination of, or the appointment of a trustee to administer, any Pension Plan or Multiemployer Plan; or (f) the imposition of any liability by a Governmental Authority
under Title IV of ERISA, other than for PBGC premiums due but not delinquent under Section 4007 of ERISA, upon any ERISA Affiliate. 

“Eurodollar Loan” means the Loan in the event that the Loan bears interest based on the Eurodollar Rate pursuant to the terms
hereof. 
 “Eurodollar Rate” means the greater of : 

(a) 0.50% per annum and 

  
 11 

 (b) for any Interest Period with respect to a Eurodollar Loan, the rate per annum
equal to the London Interbank Offered Rate (“LIBOR”) or a comparable or successor rate, which rate is approved by the Administrative Agent, as published by Bloomberg (or such other commercially available source providing such
quotations as may be designated by the Administrative Agent from time to time) (in such case, the “LIBOR Rate”) at approximately 11:00 a.m., London time, two Business Days prior to the commencement of such Interest Period, for
Dollar deposits (for delivery on the first day of such Interest Period) with a term equivalent to such Interest Period; 
 provided
that to the extent a comparable or successor rate is approved by the Administrative Agent in connection herewith, the approved rate shall be applied in a manner consistent with market practice; provided, further that to the extent such
market practice is not administratively feasible for the Administrative Agent, such approved rate shall be applied as otherwise reasonably determined by the Administrative Agent. 

“Eurodollar Reset Date” means (a) for the first Eurodollar Reset Date following the Closing Date, January 2,
2015, and (b) for each subsequent Eurodollar Reset Date, the first Business Day of the third calendar month after the month in which the immediately preceding Eurodollar Reset Date occurs. 

“Event of Acceleration” means any of the events or conditions set forth in Sections 8.01(f), (g) or
(j) with respect to any Borrower. 
 “Event of Default” has the meaning provided in Section 8.01.

 “Excluded Taxes” means, with respect to the Administrative Agent, any Lender or any other recipient of any payment to be
made by or on account of any obligation of any Borrower hereunder, (a) taxes imposed on or measured by its overall net income (however denominated), and franchise taxes imposed on it (in lieu of net income taxes), as a result of a present or
former connection between it and the jurisdiction of the Governmental Authority imposing such tax or any political subdivision or taxing authority thereof or therein (other than such connection arising solely from the Administrative Agent or any
Lender having executed, delivered or performed its obligations or received a payment under, or enforced, any Credit Document), (b) any branch profits taxes imposed by the United States or any similar tax imposed by any other jurisdiction in
which any Borrower is located, (c) any backup withholding tax that is required by the Internal Revenue Code to be withheld from amounts payable to a Lender that has failed to comply with clause (A) of Section 3.01(e)(ii),
(d) in the case of a Foreign Lender (other than an assignee pursuant to a request by any Borrower under Section 10.13), any United States withholding tax that (i) is required to be imposed on amounts payable to such Foreign
Lender pursuant to the Laws in force at the time such Foreign Lender becomes a party hereto (or designates a new Lending Office) or (ii) is attributable to such Foreign Lender’s failure or inability (other than as a result of a Change in
Law after the date such Foreign Lender becomes party to this Agreement) to comply with clause (B) of Section 3.01(e)(ii), except to the extent that such Foreign Lender (or its assignor, if any) was entitled, at the time of
designation of a new Lending Office (or assignment), to receive additional amounts from the Borrowers with respect to such withholding tax pursuant to Section 3.01(a)(ii) or (iii), and (e) any withholding Taxes imposed under
FATCA. 

  
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 “Extension of Credit” means with respect to any Lender, collectively, all
Advances and Loans made by such Lender. 
 “Facility Operating Leases” means the Laurel Master Lease and each other lease
or master lease with respect to any Real Property Asset from the applicable Borrower as lessor, to an Eligible Tenant, which, in the reasonable judgment of the Administrative Agent, is substantially a triple net lease such that such Eligible Tenant
is required to pay all taxes, utilities, insurance, maintenance, casualty insurance payments and other expenses with respect to the subject Real Property Asset (whether in the form of reimbursements or additional rent) in addition to the base rental
payments required thereunder such that net operating income for such Real Property Asset (before non-cash items) equals the base rent paid thereunder, as the foregoing may be amended and extended from time to time after the Closing Date in
accordance with and subject to the terms of this Agreement and, if required, the Facility Operating Lease SNDA applicable thereto. 

“FATCA” means Sections 1471 through 1474 of the Internal Revenue Code and any regulations promulgated thereunder or official
interpretations thereof and any agreement entered into pursuant to Section 147(b)(1) of the Internal Revenue Code. 
 “Federal
Funds Rate” means, for any day, the rate per annum equal to the weighted average of the rates on overnight federal funds transactions with members of the Federal Reserve System arranged by federal funds brokers on such day, as published by
the Federal Reserve Bank of New York on the Business Day immediately succeeding such day; provided that (a) if such day is not a Business Day, the Federal Funds Rate for such day shall be such rate on such transactions on the immediately
preceding Business Day as so published on the immediately succeeding Business Day, and (b) if no such rate is so published on such immediately succeeding Business Day, the Federal Funds Rate for such day shall be the average rate (rounded
upward, if necessary, to the next 1/100th of 1%) charged to Bank of America on such day on such transactions as determined by the Administrative Agent. 

“Flood Hazard Property” has the meaning provided in the definition of “Real Property Asset Deliverables” contained
in this Section 1.01. 
 “Foreign Lender” means any Lender that is organized under the Laws of a jurisdiction
other than that in which any Borrower is resident for tax purposes. For purposes of this definition, the United States, each State thereof and the District of Columbia shall be deemed to constitute a single jurisdiction. 

“FRB” means the Board of Governors of the Federal Reserve System of the United States. 

“Fund” means any Person (other than a natural person) engaged in making, purchasing, holding or otherwise investing in
commercial loans and similar extensions of credit in the ordinary course of its business. 
 “Funded Debt” means, with
respect to any Person (or consolidated group of Persons) at any date of determination (without duplication): 
 (a) all
indebtedness of such Person for borrowed money; 

  
 13 

 (b) all obligations of such Person evidenced by bonds, debentures, notes or other
similar instruments; 
 (c) all direct obligations under letters of credit (including standby and commercial), bankers’
acceptances and similar instruments (including bank guaranties, surety bonds, comfort letters, keep-well agreements and capital maintenance agreements) to the extent such instruments or agreements support financial, rather than performance,
obligations; 
 (d) all unconditional obligations of such Person to pay the deferred and unpaid purchase price of property or
services, which purchase price is due more than six months after the date of placing such property in service or taking delivery and title thereto or the completion of such services, except Trade Payables; 

(e) all Capitalized Lease Obligations and Attributable Debt; 

(f) all Funded Debt of other Persons secured by a Lien on any asset of such Person, whether or not such Funded Debt is assumed
by such Person; provided, however, that the amount of such Funded Debt shall be the lesser of (A) the fair market value of such asset at that date of determination and (B) the amount of such Funded Debt; 

(g) all Funded Debt of other Persons guaranteed by such Person to the extent such Funded Debt is guaranteed by such Person;

 (h) to the extent not otherwise included in this definition or the definition of Consolidated Interest Expense,
obligations under Currency Agreements and Interest Rate Agreements. 
 The amount of Funded Debt of any Person at any date shall be the
outstanding balance at such date of all unconditional obligations of the type described above and, with respect to obligations under any guarantee, the maximum liability upon the occurrence of the contingency giving rise to the obligation;
provided, however, that: (a) the amount outstanding at any time of any Funded Debt issued with original issue discount shall be deemed to be the face amount with respect to such Funded Debt less the remaining unamortized portion
of the original issue discount of such Funded Debt at the date of determination in conformity with GAAP; (b) Funded Debt shall not include any liability for foreign, federal, state, local or other taxes; (c) Funded Debt shall not include
any indemnification, earnouts, adjustment or holdback of purchase price or similar obligations, in each case, incurred or assumed in connection with the acquisition or disposition of any business, assets or a Subsidiary, other than guarantees of
Funded Debt incurred by any Person acquiring all or any portion of such business, assets or subsidiary for the purpose of financing such acquisition; and (d) Funded Debt shall not include contingent obligations under performance bonds,
performance guarantees, surety bonds, appeal bonds or similar obligations incurred in the ordinary course of business and consistent with past practices. 

  
 14 

 “GAAP” means generally accepted accounting principles in effect in the United
States as set forth in the opinions and pronouncements of the Accounting Principles Board and the American Institute of Certified Public Accountants and statements and pronouncements of the Financial Accounting Standards Board from time to time
applied on a consistent basis, subject to the provisions of Section 1.03. 
 “Governmental Authority” means any
nation or government, any state or other political subdivision thereof, and any agency, authority, instrumentality, regulatory body, court, administrative tribunal, 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). 

“Hazardous Materials Indemnity Agreement” means that certain Hazardous Materials Indemnity Agreement by Borrowers for the
benefit of the Lenders dated as of the Closing Date in the form and substance satisfactory to the Administrative Agent, as amended, supplemented, restated or otherwise modified from time to time. 

“Hazardous Substance” means any toxic or hazardous substance, including petroleum and its derivatives regulated under the
Environmental Laws. 
 “Healthcare Facilities” means any skilled nursing facilities, mentally and developmentally disabled
facilities, rehab hospitals, long term acute care facilities, intermediate care facilities for the mentally disabled, medical office buildings, domestic assisted living facilities, independent living facilities or Alzheimer’s care facilities
and any ancillary businesses that are incidental to the foregoing. 
 “Healthcare Laws” means any applicable statutes,
laws, ordinances, rules and regulations of any Governmental Authority with respect to regulatory matters primarily relating to patient healthcare (including Section 1128B of the Social Security Act, as amended, 42 U.S.C. Section 1320a-7b
(Criminal Penalties Involving Medicare or State Health Care Programs), commonly referred to as the “Federal Anti-Kickback Statute,” Section 1877 of the Social Security Act, as amended, 42 U.S.C. Section 1395nn (Prohibition
Against Certain Referrals), commonly referred to as “Stark Statute,” HIPAA and Civil Monetary Penalties Law, 42 U.S.C. § 1320a-7a). 

“HIPAA” means the Health Insurance Portability and Accountability Act of 1996 and the related regulations set forth at 45 CFR
Parts 160 and 164. 
 “Indebtedness” means, as to any Person at a particular time, without duplication, all of the
following, whether or not included as indebtedness or liabilities in accordance with GAAP: 
 (a) all Funded Debt; 

(b) all contingent obligations under letters of credit (including standby and commercial), bankers’ acceptances and similar instruments
(including bank guaranties, surety bonds, comfort letters, keep-well agreements and capital maintenance agreements) to the extent such instruments or agreements support financial, rather than performance,
obligations; 
 (c) net obligations under any Swap Contract; 

(d) Support Obligations in respect of Indebtedness of another Person; and 

  
 15 

 (e) Indebtedness of any partnership or joint venture or other similar entity in which such Person
is a general partner or joint venturer, and, as such, has personal liability for such obligations, but only to the extent there is recourse to such Person for payment thereof. 

For purposes hereof, the amount of Indebtedness shall be determined based on Swap Termination Value in the case of net obligations under Swap Contracts under
clause (c) and based on the outstanding principal amount of the Indebtedness that is the subject of the Support Obligations in the case of Support Obligations under clause (d). 

“Indemnified Liabilities” has the meaning provided in Section 10.04(b). 

“Indemnified Taxes” means Taxes other than Excluded Taxes. 

“Indemnitees” has the meaning provided in Section 10.06. 

“Information” has the meaning specified in Section 10.07. 

“Interest Period” means for any Loan using the Eurodollar Rate, each period commencing on the date such initial Loan is made,
or after the initial Interest Period, the most recent Eurodollar Reset Date, and ending on the last calendar day immediately preceding the next Eurodollar Reset Date; provided, that, if any Interest Period would otherwise end after the Maturity
Date, such Interest Period shall be deemed to end on the Maturity Date. In no event may Borrowers have more than one (1) Interest Period in respect of Loans from all Lenders outstanding at any one time and to the extent any Loan does not
qualify for such Interest Period, such loan shall bear interest at the Base Rate. 
 “Interest Rate Agreement” means any
interest rate protection agreement, interest rate future agreement, interest rate option agreement, interest rate swap agreement, interest rate cap agreement, interest rate collar agreement, interest rate hedge agreement, option or future contract
or other similar agreement or arrangement with respect to interest rates. 
 “Internal Revenue Code” means the Internal
Revenue Code of 1986, as amended. 
 “Investment” means, as to any Person, any direct or indirect acquisition or investment
by such Person, whether by means of (a) the purchase or other acquisition of Capital Stock of another Person, (b) a loan, advance or capital contribution to, guaranty or assumption of debt of, or purchase or other acquisition of any other
debt or equity participation or interest in, another Person, including any partnership or joint venture interest in such other Person, or (c) the purchase or other acquisition (in one transaction or a series of transactions) of assets of
another Person that constitute a business unit. For purposes of covenant compliance, the amount of any Investment shall be the amount actually invested, without adjustment for subsequent increases or decreases in the value of such Investment. 

“Involuntary Disposition” means any loss of, damage to or destruction of, or any condemnation or other taking for public use
of, any property of the Borrowers. 
 “IRS” means the United States Internal Revenue Service. 

  
 16 

 “Joint Commission” has the meaning given to such term in
Section 5.19(b). 
 “Laurel Acquisition” means that certain Acquisition by the Property Borrower, directly or
indirectly, of the Real Property Assets as set forth on Schedule 5.12 as of the Closing Date, pursuant to the Laurel Acquisition Agreement. 

“Laurel Acquisition Agreement” means that certain Asset Purchase Agreement dated as of November 5, 2014, by and among
the Parent Borrower, as the buyer and Seller, as the seller, together with the exhibits and disclosure schedules thereto, as the same may be amended, restated, supplemented or otherwise modified from time to time. 

“Laurel Master Lease” means that certain Amended and Restated Master Lease and Security Agreement dated as of July 1,
2014 by and between Diamond Senior Living, LLC, a Delaware limited liability company and LHCC Properties, LLC a Michigan limited liability company, as the same may be amended, restated, supplemented or otherwise modified from time to time. 

“Laws” means, collectively, all international, foreign, federal, state and local statutes, treaties, rules, guidelines,
regulations, ordinances, codes and administrative or judicial precedents or authorities, including the interpretation or administration thereof by any Governmental Authority charged with the enforcement, interpretation or administration thereof, and
all applicable administrative orders, directed duties, requests, licenses, authorizations and permits of, and agreements with, any Governmental Authority, in each case whether or not having the force of law. 

“Lease Coverage Ratio” means on the date of any substitution pursuant to Section 9.12(a) hereof, the ratio of
(i) EBITDAR to (ii) the aggregate current rent payment for the most recently completed six (6) month period under the Eligible Leases on such date. 

“Lender” means (a) each of the Persons identified as a “Lender” on the signature pages hereto and each Person
who joins as a Lender pursuant to the terms hereof, together with their respective successors and assigns and (b) solely for the purpose of obtaining the benefit of the Liens granted to the Administrative Agent for the benefit of the Lenders
under the Collateral Documents, a Person to whom any Obligations in respect of a Secured Swap Contract are owed. For avoidance of doubt, any Person to whom any Obligations in respect of a Secured Swap Contract are owed and which does not hold any
portion of the Loan or Commitment shall not be entitled to any other rights as a “Lender” under this Agreement. 

“Lending Office” means, as to any Lender, the office or offices of such Lender set forth in such Lender’s Administrative
Questionnaire or such other office or offices as a Lender may from time to time notify the Borrowers and the Administrative Agent. 

“Licenses” means such permits, licenses, franchises, certificates and other approvals or authorizations of Governmental
Authorities. 
 “Lien” means any mortgage, deed of trust, deed to secured debt, pledge, hypothecation, assignment, deposit
arrangement, encumbrance, lien (statutory or other), charge, or preference, priority or other security interest or preferential arrangement of any kind or nature whatsoever (including any conditional sale or other title retention agreement, and any
financing lease having substantially the same economic effect as any of the foregoing). 

  
 17 

 “Loan” shall mean, collectively, the amounts advanced by the Lenders to the
Borrowers under the Commitment, not to exceed the amount of the Commitment. 
 “Loan to Value Ratio” means the ratio of
(i) the outstanding amount of the Loan at any time of determination, to (ii) the aggregate value, of the Real Property Assets securing the Loan, as determined by the most recent appraisal of such Real Property Assets. 

“Material Adverse Effect” means (a) a material adverse change in, or a material adverse effect on, the operations,
business, assets, properties, liabilities (actual or contingent), performance, condition (financial or otherwise) or prospects of the Credit Parties, taken as a whole, (b) a material impairment of the material rights and remedies of the
Administrative Agent or any Lender under any Credit Document, or of the ability of the Credit Parties, taken as a whole, to perform its material obligations under any Credit Document to which it is a party, or (c) a material adverse effect upon
a substantial portion of the Collateral or a material adverse affect upon the legality, validity, binding effect or enforceability against any Credit Party of this Credit Agreement, the Notes, or the Hazardous Materials Indemnity Agreement. 

“Material Contract” means, any agreement the breach, nonperformance or cancellation of which could reasonably be expected to
have a Material Adverse Effect; provided that Facility Operating Leases shall not be considered Material Contracts under this Agreement. 

“Maturity Date” shall mean December 17, 2019, or such earlier date as payment of the Loan shall be due (whether by
acceleration or otherwise). 
 “Medicaid” means the medical assistance programs administered by state agencies and approved
by CMS pursuant to the terms of Title XIX of the Social Security Act, codified at 42 U.S.C. §§ 1396 et seq. and related regulations. 

“Medical Services” means medical and health care services provided to a Person, including, but not limited to, medical and
health care services provided to a Person which are covered by a policy of insurance, and includes, without limitation, physician services, nurse and therapist services, dental services, hospital services, skilled nursing facility services,
comprehensive outpatient rehabilitation services, home health care services, residential and out-patient behavioral healthcare services, and medicine or health care equipment provided to a Person for a necessary or specifically requested valid and
proper medical or health purpose. 
 “Medicare” means the program of health benefits for the aged and disabled administered
by CMS pursuant to the terms of Title XVIII of the Social Security Act, codified at 42 U.S.C. §§ 1395 et seq. and related regulations. 

“Moody’s” means Moody’s Investors Service, Inc. and any successor thereto. 

“Mortgage Instrument” means, for any Real Property Asset, a first lien priority fee or leasehold mortgage, deed of trust or
deed to secure debt in favor of the Administrative Agent (for the benefit of the Lenders) with respect to such Real Property Asset. Each Mortgage Instrument shall be in form and substance satisfactory to the Administrative Agent and suitable for
recording in the applicable jurisdiction. 

  
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 “Mortgage Policies” shall have the meaning assigned to such term in the
definition of “Real Property Asset Deliverables” contained in this Section 1.01. 
 “Multiemployer
Plan” means any employee benefit plan of the type described in Section 4001(a)(3) of ERISA, to which any ERISA Affiliate makes or is obligated to make contributions, or during the preceding five plan years, has made or been obligated
to make contributions. 
 “Negative Pledge” means any agreement (other than this Credit Agreement or any other Credit
Document) that in whole or in part prohibits the creation of any Lien on any assets of a Person. 
 “Notes” shall mean each
of those certain promissory notes, dated as of the Closing Date, in the aggregate original principal amount not to exceed $180,000,000.00, and issued in the amount of its Commitment to each of the Lenders who requests such a Note by the Borrower and
any other promissory note issued by the Borrower to evidence the Loan pursuant to this Agreement, each substantially in the form of Exhibit D attached hereto, and any extensions, renewals, or amendments to, or replacements of, the
forgoing. 
 “Obligations” means, without duplication, (a) all advances to, and debts, liabilities, obligations,
covenants and duties of, any Credit Party arising under any Credit Document or otherwise with respect to any Loan, whether direct or indirect (including those acquired by assumption), absolute or contingent, due or to become due, now existing or
hereafter arising and including interest and fees that accrue after the commencement by or against any Credit Party under any Debtor Relief Laws naming such Person as the debtor in such proceeding, regardless of whether such interest and fees are
allowed claims in such proceeding and (b) all obligations under any Secured Swap Contract of any Credit Party to which a Secured Swap Counterparty is a party. 

“Omega Merger Agreement” means that certain Agreement and Plan of Merger, dated as of October 30, 2014, by and among
Omega Healthcare Investors, Inc., OHI Healthcare Properties Holdco, Inc., OHI Healthcare Properties Limited Partnership, L.P., the REIT Party and Aviv Healthcare Properties Limited Partnership, as such agreement is amended from time to time. 

“Operating Tenant” means any Person who is a lessee with respect to the Facility Operating Leases or any other lease of an
entire Real Property Asset held by any Borrower as lessor or as an assignee of the lessor thereunder. 
 “Organization
Documents” means, (a) with respect to any corporation, the certificate or articles of incorporation and the bylaws (or equivalent or comparable constitutive documents with respect to any non-U.S.
jurisdiction); (b) with respect to any limited liability company, the certificate or articles of formation or organization and operating agreement; and (c) with respect to any partnership, joint venture, trust or other form of business
entity, the partnership, joint venture or other applicable agreement of formation or organization and any agreement, 

  
 19 

 
instrument, filing or notice with respect thereto filed in connection with its formation or organization with the applicable Governmental Authority in the jurisdiction of its formation or
organization and, if applicable, any certificate or articles of formation or organization of such entity. 
 “Other Taxes”
means all present or future stamp or documentary taxes or any other excise or property taxes, charges or similar levies arising from any payment made hereunder or under any other Credit Document or from the execution, delivery or enforcement of, or
otherwise with respect to, this Credit Agreement or any other Credit Document. 
 “Outstanding Amount” means the aggregate
outstanding principal amount of the Loan after giving effect to any prepayments or repayments of the Loan, as the case may be, occurring on such date. 

“Overpaying Borrower” has the meaning provided in Section 2.10(j). 

“Overpayment Amount” has the meaning provided in Section 2.10(j). 

“Parent Borrower” has the meaning specified in the introductory paragraph hereto. 

“Participant” has the meaning provided in Section 10.06(d). 

“Patriot Act” means the USA Patriot Act, Pub. L. No. 107-56 et seq. 

“Payment Date” has the meaning provided in Section 2.02(a)(i)(B), and is the date that a regularly scheduled
payment of interest is due. 
 “PBGC” means the Pension Benefit Guaranty Corporation. 

“Pension Plan” means any “employee pension benefit plan” (as such term is defined in Section 3(2) of ERISA),
other than a Multiemployer Plan, that is subject to Title IV of ERISA and is sponsored or maintained by any ERISA Affiliate or to which any ERISA Affiliate contributes or has an obligation to contribute, or in the case of a multiple employer or
other plan described in Section 4064(a) of ERISA, has made contributions at any time during the immediately preceding five plan years. 

“Permitted Fund Manager” means any Person that on the date of determination is (i) a nationally-recognized manager of
investment funds investing in debt or equity interests relating to commercial real estate, (ii) investing through a fund with committed capital of at least $250,000,000 and (iii) not subject to any case, proceeding or other action under
any existing or future law of any jurisdiction relating to bankruptcy, insolvency, reorganization or relief of debtors. 

“Permitted Holders” means (a) LG Aviv L.P. (and any other investment fund that is an Affiliate of Lindsay Goldberg LLC),
Craig Bernfield (and any other member of management of the REIT Party or entities controlled by Craig Bernfield or any other member of management and established for estate planning purposes), (b) Shifra Karkomi (and any of her lineal
descendants or entities controlled by them and established for estate planning purposes), (c)

  
 20 

 
Omega Healthcare Investors, Inc., a Maryland corporation or any wholly-owned Affiliate thereof, and (d) any publicly traded REIT (other than the REIT Party) for whom the Administrative Agent
and the Lenders have received all documentation and other information that the Administrative Agent or such Lender reasonably requests in order to comply with its ongoing obligations under money-laundering, anti-terrorism and other similar
regulations and activities unless the principals, owners, officers and directors of such REIT do not meet the eligibility, credit, management and other standards customarily applied by Administrative Agent and the Lenders, to be reasonably
determined by Administrative Agent, including but not limited to, any standards with respect to (i) previous relationships between Administrative Agent or any Lender and the REIT and its principals and (ii) the reputation for integrity,
honesty and veracity of the REIT and its principals, owners, officers and directors. 
 “Permitted Liens” means, as to any
Person: (a) Liens securing taxes, assessments and other charges or levies imposed by any Governmental Authority (excluding any Lien imposed pursuant to any of the provisions of ERISA), in each case, (i) which are not yet due and payable or
(ii) which are not required to be paid in accordance with Section 6.06(a); (b) Liens evidencing the claims of materialmen, mechanics, carders, warehousemen or landlords for labor, materials, supplies or rentals, in each case,
incurred in the ordinary course of business and which are not at the time required to be paid or discharged; provided, that with respect to any Real Property Asset, no exception is taken therefor in the related Mortgage Policy or such
Mortgage Policy otherwise affirmatively insures over such Liens in form and substance satisfactory to the Administrative Agent or otherwise contests in accordance with Section 7.01; (c) Liens consisting of deposits or pledges made,
in the ordinary course of business, in connection with, or to secure payment of, obligations under workmen’s compensation, unemployment insurance or similar applicable Laws; (d) zoning restrictions, easements, rights-of-way, covenants, reservations and other rights, restrictions or encumbrances of record on the use of Real Property Assets, which do not materially detract from the
value of such property or materially impair the use thereof for the business of such Person; (e) Liens in existence as of the Closing Date as set forth on Schedule 7.01 and, with respect to the Real Property Assets, as set forth on
the Mortgage Policies (or updates thereto) delivered in connection herewith; (f) Liens, if any, securing the Obligations in favor of the Administrative Agent for the benefit of the Lenders; (g) Liens arising pursuant to the Facility
Operating Leases, the Prime Leases, or leases or subleases of immaterial portions of any Real Property Asset owned by any of the Borrowers granted to others not interfering in any material respect with such Real Property Asset or the business of the
applicable Borrower; (h) liens created by or resulting from any litigation or legal proceeding that does not constitute an Event of Default which is being contested in good faith in accordance with Section 7.01; (i) additional
Liens so long as the principal amount of Indebtedness and other obligations secured thereby does not exceed $3,000,000 in the aggregate for all Borrowers at any one time outstanding and (j) Liens and encumbrances accepted or permitted in
writing by the Administrative Agent. 
 “Person” means any natural person, corporation, limited liability company, trust,
joint venture, association, company, partnership, Governmental Authority or other entity. 
 “Plan” means any
“employee benefit plan” (as such term is defined in Section 3(3) of ERISA) established by Parent Borrower or, with respect to any such plan that is subject to Section 412 of the Internal Revenue Code or Title IV of ERISA,
any ERISA Affiliate. 

  
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 “Platform” has the meaning specified in Section 6.02. 

“Prepayment Premium” means (a) one percent (1%) of the outstanding amount of the Loan for the period from
January 1, 2016 through and including January 1, 2017 and (b) zero, at all times thereafter. 
 “Prime
Leases” means with respect to the Hendersonville facility, that certain Lease Agreement dated January 1, 1992 by and between Elderberry Nursing Home, Inc. (succeeded by Elderberry of Hendersonville, LLC) as landlord and Laurel Health
Care Company of North Carolina, Inc. as tenant, as amended and extended by Agreement dated July 1, 2001, as further amended and extended by a Second Amendment and Extension of Lease dated July 1, 2005, and as further amended by a Third
Amendment of Lease dated March 27, 2007; and with respect to the Willow Creek facility, that certain Lease Agreement dated February 25, 2005 by and between CLC RE LLC (succeeded by G & E HC REIT II Midlothian SNF, LLC), as landlord and
Oak Health Care Investors of Richmond, Virginia, Inc. as tenant. 
 “Prohibited Person” means any Person (i) listed in
the annex to, or who is otherwise subject to the provisions of, Executive Order No. 13224 on Terrorist Financing, effective September 24, 2001, and relating to Blocking Property and Prohibiting Transactions With Persons Who Commit,
Threaten to Commit, or Support Terrorism (the “Executive Order”); (ii) that is owned or controlled by, or acting for or on behalf of, any person or entity that is listed in the annex to, or is otherwise subject to the
provisions, of the Executive Order; (iii) with whom a Person is prohibited from dealing or otherwise engaging in any transaction by any terrorism or money laundering Law, including the Executive Order; (iv) who commits, threatens or
conspires to commit or supports “terrorism” as defined in the Executive Order; (v) that is named as a “specially designated national and blocked person” on the most current list published by the U.S. Treasury Department
Office of Foreign Assets Control at its official website or at any replacement website or other replacement official publication of such list; or who is an Affiliate of a Person listed in clauses (i) - (v) above. 

“Qualified ECP Guarantor” means, at any time, each Credit Party with total assets exceeding $10,000,000 or that qualifies at
such time as an “eligible contract participant” under the Commodity Exchange Act and can cause another Person to qualify as an “eligible contract participant” at such time under Section 1a(18)(A)(v)(II) of the Commodity
Exchange Act. 
 “Qualified Healthcare Executive” means a reputable individual or management company with executive
experience managing a healthcare property management company. 
 “Qualified Transferee” means one or more of the following:

 (a) a real estate investment trust, bank, saving and loan association, investment bank, insurance company, trust company, commercial
credit corporation, pension plan, pension fund or pension advisory firm, mutual fund, government entity or plan, provided that any such Person referred to in this clause (a) satisfies the Eligibility Requirements; 

(b) investment company, money management firm or “qualified institutional buyer” within the meaning of Rule 144A under the
Securities Act of 1933, as amended, or an 

  
 22 

 
institutional “accredited investor” within the meaning of Regulation D under the Securities Act of 1933, as amended, provided that any such Person referred to in this clause
(b) satisfies the Eligibility Requirements; 
 (c) an institution substantially similar to any of the foregoing entities described in
clauses (a) or (b) that satisfies the Eligibility Requirements; 
 (d) any entity directly or indirectly which controls, is
controlled by, or is under common control with, any of the entities described in clauses (a), (b) or (c) above, provided that any such Person referred to in this clause (d) satisfies the Eligibility Requirements; or 

(e) an investment fund, limited liability company, limited partnership or general partnership where a Permitted Fund Manager or an entity that
is otherwise a Qualified Transferee under clauses (a), (b), (c) or (d) of this definition acts as the general partner, managing member or fund manager and at least 50% of the equity interests in such investment vehicle are owned, directly
or indirectly, by one or more entities that otherwise are described in (a), (b), (c) or (d) of this definition, provided that any such Person referred to in this clause (e) satisfies the Eligibility Requirements. 

“Real Property Asset” means, a parcel of real or leasehold property, together with all improvements (if any) thereon
(including all tangible personal property owned by the person owning such real or leasehold property) owned in fee simple or leased pursuant to an Eligible Lease by any Borrower; “Real Property Assets” means a collective reference to each
Real Property Asset. Each parcel of real property identified on Schedule 5.12 is a Real Property Asset, other than the Unimproved Properties, which shall be deemed not to be Real Property Assets. 

“Real Property Asset Deliverables” means, with respect to any Real Property Asset, a collective reference to each of the
following (with each such item to be in form and substance reasonably acceptable to the Administrative Agent and delivered to the Administrative Agent with reasonably sufficient notice to allow review of same) unless otherwise waived by the
Administrative Agent in its reasonable discretion: 
 (a) a fully executed and notarized Mortgage Instrument with respect to such Real
Property Asset and a related legal opinion from special local counsel to the Borrowers opining as to the propriety of the form of such documents for recording in the applicable jurisdiction and such other matters as may be reasonably required by the
Administrative Agent; 
 (b) a fully executed copy of any Facility Operating Lease applicable to such Real Property Asset,
together with an estoppel certificate from the applicable Eligible Tenant and, to the extent required under the terms of the Facility Operating Lease, a subordination, non-disturbance and attornment agreement
with respect to such Facility Operating Lease (the “Facility Operating Lease SNDA”), the form of such Facility Operating Lease SNDA shall be as required under the Facility Operating Lease or, if no form is prescribed under
the terms of the Facility Operating Lease, then such other form as is reasonably acceptable to the applicable Borrower, the applicable Eligible Tenant and the Administrative Agent; 

  
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 (c) in the case of a Real Property Asset which constitutes a ground leasehold interest, evidence
that (i) the applicable lease, a memorandum of lease with respect thereto, or other evidence of such lease in form and substance reasonably satisfactory to the Administrative Agent, has been properly recorded in all places to the extent
necessary or desirable, in the reasonable judgment of the Administrative Agent, so as to enable the Mortgage Instrument encumbering such leasehold interest to effectively create a valid and enforceable first priority lien (subject to Permitted Liens
and required landlord consents) on such ground leasehold interest in favor of the Administrative Agent (or such other Person as may be required or desired under local law) for the benefit of Lenders and (ii) such lease qualifies as an Eligible
Lease hereunder, together with such estoppels, waivers, consents and/or agreements from the lessor under such Eligible Lease as are required by the terms thereof or otherwise reasonably requested by the Administrative Agent; provided,
that, no more than 7 such ground leaseholds shall exist at any time; 
 (d) maps or plats of an
as-built survey of the site constituting the Real Property Asset sufficient in all cases to delete the standard survey exception from the applicable Mortgage Policy; 

(e) a FIRREA-compliant MAI appraisal, commissioned, reviewed and approved by the Administrative Agent
(or otherwise acceptable to the Administrative Agent, in its discretion) with respect to such Real Property Asset; 
 (f) reasonable
evidence as to the compliance of such Real Property Asset and the improvements related thereto with applicable zoning and use requirements; zoning letters or an appropriate zoning endorsement to the Applicable Mortgage Policy shall be deemed
reasonably satisfactory evidence of compliance; 
 (g) an ALTA mortgagee title insurance policy (or its equivalent in non-ALTA
jurisdictions) with respect to the applicable Real Property Asset (each, a “Mortgage Policy” and collectively, the “Mortgage Policies”), assuring the Administrative Agent that the Mortgage Instrument
creates a valid and enforceable first priority mortgage lien on the applicable Real Property Asset in an amount equal to its Allocated Loan Value, free and clear of all defects and encumbrances except Permitted Liens, which Mortgage Policy shall
(i) be in an amount acceptable to the Administrative Agent, (ii) be from an insurance company reasonably acceptable to the Administrative Agent (it being agreed that Chicago Title Insurance Company is acceptable to the Administrative
Agent), (iii) include such available endorsements and reinsurance as the Administrative Agent may reasonably require and (iv) otherwise satisfy the reasonable title insurance requirements of the Administrative Agent; 

(h) evidence as to whether the applicable Real Property Asset is in an area designated by the Federal Emergency Management
Agency as having special flood or mud slide hazards (a “Flood Hazard Property”) and if such Real Property Asset is a Flood Hazard Property, (i) the applicable Borrower’s written acknowledgment of receipt of written
notification from the Administrative Agent (A) as to the fact that such Real Property Asset is a Flood Hazard Property and (B) as to whether the community in which each such Flood Hazard Property is located is participating in the National
Flood Insurance Program and (ii) copies of insurance policies or certificates of insurance evidencing flood insurance reasonably satisfactory to the Administrative Agent and naming the Administrative Agent as sole loss payee on behalf of the
Lenders under a standard mortgagee endorsement; 

  
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 (i) copies of any material subleases which would be required to be disclosed on Schedule
5.12 hereof with respect to such Real Property Asset; 
 (j) reasonable evidence that the Operating Tenant under the applicable Facility
Operating Lease is an Eligible Tenant; 
 (k) a Phase I environmental assessment and, if reasonably required by the Administrative Agent, a
Phase II environmental assessment, from an environmental consultant acceptable to the Administrative Agent, dated as of a date reasonably acceptable to the Administrative Agent and indicating that, as of such date, no Hazardous Substances or other
conditions on, under or with respect to the applicable Real Property Asset constitute a violation of any Environmental Laws and that, in any case, no commercially unreasonable amount of any Hazardous Substances are located on or under such Real
Property Asset; 
 (l) a current engineering report or architect’s certificate with respect to such Real Property Asset, covering,
among other matters, inspection of heating and cooling systems, roof and structural details and showing no failure of compliance with building plans and specifications, applicable legal requirements (including requirements of the Americans with
Disabilities Act) and fire, safety and health standards (the “Property Condition Report” whether one or more), which shall, if reasonably requested by Administrative Agent, also include an assessment of such Real Property
Asset’s tolerance for earthquake and seismic activity; 
 (m) if required by the Administrative Agent and to the extent available,
certificates of occupancy for each such Real Property Asset or evidence of the issuance thereof; and 
 (n) reasonable evidence of insurance
coverage with respect to such Real Property Asset meeting the requirements set forth herein and establishing the Administrative Agent as loss payee, as required pursuant to the terms hereof. 

“Register” has the meaning provided in Section 10.06(c). 

“Registered Public Accounting Firm” has the meaning specified in the Securities Laws and shall be independent of the Borrower
as prescribed by the Securities Laws. 
 “REIT” means a real estate investment trust as defined in Sections 856-860 of the
Internal Revenue Code. 
 “REIT Party” means, Aviv REIT, Inc., a Maryland corporation, or the ultimate parent entity of any
successor entity pursuant to the terms of the Omega Merger Agreement. 
 “Related Parties” means, with respect to any
Person, such Person’s Affiliates and the partners, directors, officers, employees, agents and advisors of such Person and of such Person’s Affiliates. 

“Release Price” has the meaning provided in Section 9.12. 

  
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 “Release Project” has the meaning provided in Section 9.12. 

“Rent Yield” means the ratio, expressed as a percentage, as of any date of determination, of (a) Rental Revenue for the
most recently completed two fiscal quarter period times 2, to (b) the average daily outstanding principal balance of the Loan during such two fiscal quarter period. 

“Rental Revenue” means all cash amounts collected by the Borrowers relating to the Real Property Assets (which shall include
(i) rental income characterized for accounting purposes as interest on or repayments of loans for tenant improvements but excluding any notes payable for past due rent and any rent for any Real Property Asset for any time it is operated by any
Credit Party or Affiliate as a Short Term Operator and (ii) accrued rental reasonably acceptable to the Administrative Agent for assets transitioned in the most recently completed twelve (12) month period provided that with respect to any
ground leased Real Property Asset, all such cash amounts collected shall be net of any rental payments required to be paid by the Borrowers under any such ground lease) for the period in question (and if none specified, then for the most recently
completed four fiscal quarter period, as determined under GAAP (excluding any straight lining of rent), but excluding (a) nonrecurring income and non-property related income and any notes payable (as determined by Administrative Agent in its
reasonable discretion) and income from tenants and/or residents that is classified as “bad debt” under generally accepted accounting principles, (b) other revenue for such period not to exceed ten percent (10%) of the amounts
included in clause (a) above for laundry, vending, parking and other occupancy payments (but excluding late fees and interest income) based upon collections for such period; and (c) amounts during any such restoration under
Section 6.19. 
 “Reportable Event” means any of the events set forth in Section 4043(c) of ERISA, other than
events for which the thirty-day notice period has been waived. 
 “Required
Lenders” means, as of any date of determination, two or more unaffiliated Lenders entitled to vote hereunder the total of whose Commitment Percentage exceeds 50%; provided that the Commitment Percentage held or deemed held by, any
Defaulting Lender shall be excluded for purposes of making a determination of Required Lenders. 
 “Responsible Officer”
means the chief executive officer, president, chief operating officer, secretary and chief financial officer of the Parent Borrower or REIT Party. Any document delivered hereunder that is signed by a Responsible Officer of the REIT Party shall be
conclusively presumed to have been authorized by all necessary corporate, partnership and/or other action on the part of the Borrowers and such Responsible Officer shall be conclusively presumed to have acted on behalf of the Borrowers. 

“S&P” means Standard & Poor’s Ratings Services, a division of The
McGraw-Hill Companies, Inc. and any successor thereto. 
 “Sale and Leaseback
Transaction” means any direct or indirect arrangement with any Person or to which any such Person is a party, providing for the leasing to any Borrower of any property, whether owned by any Borrower at the Closing Date or later acquired,
which has been or is to be sold or transferred by any Borrower to such Person or any other Person from whom funds have been or are to be advanced by such Person on the security of such property. 

  
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 “Sanctioned Country” shall mean a country subject to a sanctions program
identified on the list maintained by OFAC and available at http://www.treasury.gov/resource-center/sanctions/Pages/default.aspx, or as otherwise published from time to time. 

“Sanctioned Person” shall mean (i) a Person named on the list of “Specially Designated Nationals and Blocked
Persons” maintained by OFAC available at http://www.treasury.gov/resource-center/sanctions/SDN-List/Pages/default.aspx, or as otherwise published from time to time, or (ii) (A) an agency of the government of a Sanctioned
Country, (B) an organization controlled by a Sanctioned Country, or (C) a person resident in a Sanctioned Country, to the extent subject to a sanctions program administered by OFAC. 

“Sarbanes-Oxley” means the Sarbanes-Oxley Act
of 2002. 
 “SEC” means the Securities and Exchange Commission, or any Governmental Authority succeeding to any of its
principal functions. 
 “Secured Pari Swap Contract” means a Secured Swap Contract with a Secured Swap Counterparty the
obligations under which are secured pari passu with the Obligations hereunder. 
 “Secured Subordinated Swap Contract”
means a Secured Swap Contract with a Secured Swap Counterparty the payment obligations under which and Liens securing are fully subordinated to the Obligations (excluding Secured Subordinated Swap Contracts) hereunder pursuant to a subordination
agreement in form and substance reasonably satisfactory to the Administrative Agent. 
 “Secured Swap Contract” means any
Swap Contract that (a) has been entered into with a Secured Swap Counterparty, (b) in the case of a Swap Contract not entered into with or provided or arranged by the Administrative Agent or an Affiliate of the Administrative Agent, is
expressly identified as being a “Secured Swap Contract” hereunder in a joint notice from such Credit Party and such Person delivered to the Administrative Agent reasonably promptly after the execution of such Swap Contract and
(c) meets the requirements of Section 7.02(d). 
 “Secured Swap Counterparty” means (a) a Person who
has entered into a Swap Contract with a Credit Party if such Swap Contract was provided or arranged by the Administrative Agent or an Affiliate of the Administrative Agent, and any assignee of such Person or (b) a Lender or an Affiliate of a
Lender who has entered into a Swap Contract with a Credit Party (or a Person who was a Lender or an Affiliate of a Lender at the time of execution and delivery of the Swap Contract). 

“Securities Laws” means the Securities Act of 1933, the Securities Exchange Act of 1934,
Sarbanes-Oxley and the applicable accounting and auditing principles, rules, standards and practices promulgated, approved or incorporated by the SEC or the Public Company Accounting Oversight Board, as each
of the foregoing may be amended and in effect on any applicable date hereunder. 
 “Security Agreement” means the security
and pledge agreement dated as of the Closing Date in the form of Exhibit E as amended, supplemented, restated or otherwise modified from time to time. 

  
 27 

 “Seller” means Diamond Senior Living, LLC, a Delaware limited liability company.

 “Short Term Operator” means any Credit Party which due to exigent circumstances becomes the operator of any Real
Property Asset provided that such operation shall not continue for more than nine months from its inception and shall impact no more than 3 Real Property Assets at any time or as otherwise reasonably acceptable to the Administrative Agent. 

“Solvent” means, with respect to any person on a particular date, that on such date (a) the fair value of the property
of such Person is greater than the total amount of liabilities, including, without limitation, contingent liabilities, of such Person, (b) the present fair saleable value of the assets of such Person is not less than the amount that will be
required to pay the probable liability of such Person on its debts as they become absolute and matured, (c) such Person is able to realize upon its assets and pay its debts and other liabilities, contingent obligations and other commitments as
they mature, (d) such Person does not intend to, and does not believe that it will, incur debts or liabilities beyond such Person’s ability to pay as such debts and liabilities mature, and (e) such Person is not engaged in a business
or a transaction, and is not about to engage in a business or a transaction, for which such Person’s property would constitute unreasonably small capital after giving due consideration to the prevailing practice in the industry in which such
Person is engaged. In computing the amount of contingent liabilities at any time, it is intended that such liabilities will be computed at the amount which, in light of all the facts and circumstances existing at such time, represents the amount
that can reasonably be expected to become an actual or matured liability. 
 “State Regulator” means the applicable state
department of health or other applicable state regulatory agency with jurisdiction over the Borrower, the Eligible Tenants or the Real Property Assets with respect to the Healthcare Laws affecting the maintenance, use or operation of the Real
Property Assets or the provision of services to the occupants of the Real Property Assets. 
 “Subsidiary” of a Person
means a corporation, partnership, joint venture, limited liability company or other business entity of which a majority of the shares of securities or other interests having ordinary voting power for the election of directors or other governing body
(other than securities or interests having such power only by reason of the happening of a contingency) are at the time beneficially owned, or the management of which is otherwise controlled, directly, or indirectly through one or more
intermediaries, or both, by such Person. Unless otherwise provided, “Subsidiary” shall refer to a Subsidiary of the Parent Borrower and shall include all of the Borrowers. 

“Support Obligations” means, as to any Person, (a) any obligation, contingent or otherwise, of such Person guaranteeing
or having the economic effect of guaranteeing any Indebtedness or other obligation payable or performable by another Person (the “primary obligor”) in any manner, whether directly or indirectly, and including any obligation of such Person,
direct or indirect, (i) to purchase or pay (or advance or supply funds for the purchase or payment of) such Indebtedness or other obligation, (ii) to purchase or lease property, securities or services for the purpose of assuring the
obligee in respect of such Indebtedness or other obligation of the payment or performance of such Indebtedness or other obligation, (iii) to maintain working capital, equity capital or any other financial statement condition or liquidity or

  
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level of income or cash flow of the primary obligor so as to enable the primary obligor to pay such Indebtedness or other obligation, or (iv) entered into for the purpose of assuring in any
other manner the obligee in respect of such Indebtedness or other obligation of the payment or performance thereof or to protect such obligee against loss in respect thereof (in whole or in part), or (b) any Lien on any assets of such Person
securing any Indebtedness or other obligation of any other Person, whether or not such Indebtedness or other obligation is assumed by such Person. The amount of any Support Obligations shall be deemed to be an amount equal to the stated or
determinable amount of the related primary obligation, or portion thereof, in respect of which such Support Obligation is made or, if not stated or determinable, the maximum reasonably anticipated liability in respect thereof as determined by the
guaranteeing Person in good faith. 
 “Swap Contract” means any Currency Agreement or Interest Rate Agreement. 

“Swap Termination Value” means, in respect of any one or more Swap Contracts, after taking into account the effect of any
legally enforceable netting agreement relating to such Swap Contracts, (a) for any date on or after the date such Swap Contracts have been closed out and termination values determined in accordance therewith, such termination values, and
(b) for any date prior to the date referenced in clause (a), the amounts determined as the mark-to-market values for such Swap Contracts, as determined based
upon one or more mid-market or other readily available quotations provided by any recognized dealer in such Swap Contracts (which may include a Lender or any Affiliate of a Lender). 

“Synthetic Lease” means any synthetic lease, tax retention operating lease,
off-balance sheet loan or similar off-balance sheet financing arrangement that is considered borrowed money indebtedness for tax purposes but is classified as an
operating lease under GAAP. 
 “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. 

“Tenant” means any Person who is a lessee (or if a Credit Party holds a leasehold interest, a sublessee) with respect to any
lease held by a Credit Party as lessor (or sublessor, as applicable) or as an assignee of the lessor (or sublessor, as applicable) thereunder. 

“Tenant Background Information” means standard background checks and due diligence related to compliance with the Bank
Secrecy Act, the Patriot Act and any other federally regulated customer due diligence requirements that may be or become applicable to any tenant or potential tenant. 

“Threshold Amount” means $3,000,000. 

“Unfunded Pension Liability” means the excess of a Pension Plan’s benefit liabilities under Section 4001(a)(16) of
ERISA, over the current value of that Pension Plan’s assets, determined in accordance with the assumptions used for funding the Pension Plan pursuant to Section 412 of the Internal Revenue Code for the applicable plan year. 

“United States” or “U.S.” means the United States of America. 

  
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 1.02. Interpretive Provisions. 

With reference to this Credit Agreement and each other Credit Document, unless otherwise provided herein or in such other Credit Document: 

(a) The meanings of defined terms are equally applicable to the singular and plural forms of the defined terms. 

(b) (i) The words “herein,” “hereto,” “hereof” and “hereunder” and words of similar import when used
in any Credit Document shall refer to such Credit Document as a whole and not to any particular provision thereof. 
 (ii)
Unless otherwise provided or required by context, Article, Section, Exhibit and Schedule references are to the Credit Document in which such reference appears. 

(iii) The term “including” is by way of example and not limitation. 

(iv) The term “documents” includes any and all instruments, documents, agreements, certificates, notices, reports,
financial statements and other writings, however evidenced, whether in physical or electronic form. 
 (c) In the computation of periods of
time from a specified date to a later specified date, the word “from” means “from and including”; the words “to” and “until” each mean “to but excluding”; and the word “through” means
“to and including.” 
 (d) Section headings herein and in the other Credit Documents are included for convenience of
reference only and shall not affect the interpretation of this Credit Agreement or any other Credit Document. 
 1.03. Accounting Terms. 

(a) All accounting terms not specifically or completely defined herein shall be construed in conformity with, and all financial data (including
financial ratios and other financial calculations) required to be submitted pursuant to this Credit Agreement shall be prepared in conformity with, GAAP applied on a consistent basis, as in effect from time to time, except as otherwise specifically
prescribed herein. 
 (b) The Parent Borrower will provide a written summary of material changes in GAAP or in the consistent application
thereof with each annual and quarterly Compliance Certificate delivered in accordance with Section 6.02(a). If at any time any change in GAAP or in the consistent application thereof would affect the computation of any financial ratio or
requirement set forth in any Credit Document, and either the Parent Borrower or the Required Lenders shall object in writing to determining compliance based on such change, then such computations shall continue to be made on a basis consistent with
the most recent financial statements delivered pursuant to Section 6.01(a) or (b) as to which no such objection has been made. 

  
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 1.04. Rounding. 

Any financial ratios required to be maintained by the Credit Parties pursuant to this Credit Agreement shall be calculated by dividing the
appropriate component by the other component, carrying the result to one place more than the number of places by which such ratio is expressed herein and rounding the result up or down to the nearest number (with a
rounding-up if there is no nearest number). 
 1.05. References to Agreements and Laws. 

Unless otherwise expressly provided herein, (a) references to Organization Documents, agreements (including the Credit Documents) and
other contractual instruments shall be deemed to include all subsequent amendments, restatements, extensions, supplements and other modifications thereto, but only to the extent that such amendments, restatements, extensions, supplements and other
modifications are not prohibited by any Credit Document; and (b) references to any Law shall include all statutory and regulatory provisions consolidating, amending, replacing, supplementing or interpreting such Law. 

1.06. Times of Day. 
 Unless
otherwise provided, all references herein to times of day shall be references to Eastern time (daylight or standard, as applicable). 

ARTICLE II 
 COMMITMENTS
AND ADVANCES 
 2.01. Commitment. 

The Lenders agree, severally, in accordance with their respective Commitment Ratios, and not jointly, upon the terms and subject to the
conditions of this Agreement, to lend to the Borrowers on the Closing Date an amount which does not exceed the Aggregate Commitment. Once repaid, Advances under the Commitment may not be reborrowed. 

2.02. Repayment of the Loans. 
 The
Loan shall be payable as follows: 
 (a) Interest and Principal Payments. 

(i) The Borrowers shall pay a payment of interest only on the Closing Date for the period from the date hereof through the last
day of the current month computed at the Contract Rate. 
 (ii) Commencing on February 1, 2015, and continuing on the
first (1st) day of each calendar month thereafter (each such date a “Payment Date”), the Borrowers shall pay interest only in arrears computed at the Contract Rate on the outstanding principal balance of the Loan. 

  
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 (iii) Commencing on February 1, 2017, and continuing on each Payment Date
thereafter through and including the Payment Date immediately prior to the Maturity Date, the Borrowers shall pay installments of principal and interest on the Loan in the amounts set forth in the amortization schedule attached hereto as Part 1 of
Schedule 2.02, which payment schedule is based on a thirty (30) year amortization schedule. Each of such payments shall be applied (A) to the payment of interest computed at the Contract Rate and (B) the balance applied toward
reduction of the principal sum. 
 (b) Replacement Amortization Schedules. After giving effect to any voluntary prepayments
hereunder, the Borrower Representative shall have the right to receive an updated amortization schedule twice during the term hereof upon request to the Administrative Agent which payment schedule will be based on a thirty (30) year
amortization schedule and included thereafter as Parts 1 and/or 2, of Schedule 2.02, as applicable. 
 (c) Maturity. On the
Maturity Date, the Borrower shall pay to the Lender all outstanding principal, accrued and unpaid interest, default interest, late charges and any and all other Obligations due under the Credit Documents. 

2.03. Prepayments. 
 (a)
Voluntary Prepayments. The Loan may not be repaid prior to January 1, 2016; provided, however, that in the event the Borrower requests the Administrative Agent and the Required Lenders consent to an event or event that
would result in a Change of Control and the Administrative Agent and the Required Lenders refuse to consent or fail to consent within 15 Business Days after receipt of the Borrower’s written request for same, the Loan may be repaid prior to
January 1, 2016, so long as such prepayment is accompanied by a prepayment premium of one percent (1%) of the outstanding amount of the Loan, all accrued and unpaid interest on the Loan, and breakage amounts, if any, under
Section 3.05. On and after January 1, 2016, the Loan may be repaid in whole, or in part, provided that (i) notice thereof must be received by 11:00 a.m. by the Administrative Agent at least three (3) Business Days prior to
the date of prepayment, and (ii) any such prepayment shall be accompanied by all accrued and unpaid interest on the Loan, the applicable Prepayment Premium, and breakage amounts, if any, under Section 3.05. Each such notice of
voluntary prepayment hereunder shall be irrevocable and shall specify the Loan is to be prepaid. Prepayments on the Loan under this Section 2.03(a)(i) shall be applied to prepay the Loan as determined by the Administrative Agent is its
reasonable discretion. The Administrative Agent will give prompt notice to the Lenders of any prepayment on the Loan and the Lender’s interest therein. No amounts of principal paid on the Loan may be reborrowed, and any prepayment of the Loan
shall be deemed to permanently reduce the Loan Commitment for each Lender and in the aggregate. 
 (b) Prepayment Due to Casualty,
Condemnation or Dispositions. In the event of a prepayment resulting from Lender’s application of insurance or condemnation proceeds pursuant to Section 6.19, Section 6.20 or Section 7.05 hereof,
respectively, no Prepayment Premium shall be imposed. 
 (c) Character of Prepayment Premium. The Prepayment Premium does not
constitute a penalty, but rather represents the reasonable estimate, agreed to between the Borrower and the Lenders, of fair compensation for the loss that may be sustained by the Lenders due to the payment of the Obligations under the Loan prior to
the Maturity Date. 

  
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 2.04. Interest. 

(a) Subject to the provisions of subsection (b) below, the Loan shall bear interest on the outstanding principal amount thereof at a rate
per annum equal to the Contract Rate. 
 (b) If any amount payable by the Borrowers under any Credit Document is not paid when due (without
regard to any applicable grace periods), whether at stated maturity, by acceleration or otherwise, such amount shall thereafter bear interest at a fluctuating interest rate per annum at all times equal to the Default Rate to the fullest extent
permitted by applicable Law. Furthermore, upon the written request of the Administrative Agent at the direction of the Required Lenders, from and after receipt by the Borrowers of such written request and while any Event of Default exists, the
Borrowers shall pay interest on the principal amount of all outstanding Obligations hereunder at a fluctuating interest rate per annum at all times equal to the Default Rate to the fullest extent permitted by applicable Law. Accrued and unpaid
interest on past due amounts (including interest on past due interest) shall be due and payable upon demand. 
 (c) In addition to the
application of the Default Rate of interest to past due amounts hereunder, if Borrower fails to pay any installment of interest or principal within five (5) days after the date on which the same is due, Borrowers shall pay to Administrative
Agent a late charge on such past due amount, as liquidated damages and not as a penalty, equal to five percent (5%) of such amount, but not in excess of the maximum amount of interest allowed by applicable Law. The foregoing late charge is
intended to compensate Administrative Agent and Lenders for the expenses incident to handling any such delinquent payment and for the losses incurred by Administrative Agent and Lenders as a result of such delinquent payment. Borrowers agree that,
considering all of the circumstances existing on the date this Agreement is executed, the late charge represents a reasonable estimate of the costs and losses Administrative Agent and Lenders will incur by reason of late payment. Borrowers,
Administrative Agent and Lenders further agree that proof of actual losses would be costly, inconvenient, impracticable and extremely difficult to fix. Acceptance of the late charge shall not constitute a waiver of the Default or Event of Default
arising from the past due installment, and shall not prevent Administrative Agent from exercising any other rights or remedies available to Administrative Agent with respect to such Default or Event of Default. 

(d) Interest on the Loan shall be due and payable in arrears on each Interest Payment Date applicable thereto and at such other times as may
be specified herein. Interest hereunder shall be due and payable in accordance with the terms hereof before and after judgment, and before and after the commencement of any proceeding under any Debtor Relief Law. 

2.05. Fees and Expenses. 
 (a)
Administrative Agent’s Fees. The Borrowers agree to pay the Administrative Agent such fees as provided in the Administrative Agent’s Fee Letter or as may be otherwise agreed by the Administrative Agent and the Borrowers from time to
time. 

  
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 (b) Other Fees. On the Closing Date, the Borrowers shall pay to Administrative Agent (for
the ratable benefit of the Lenders) a commitment fee equal to one percent (1%) of the Aggregate Commitment. Such fees shall be fully earned when paid and shall not be refundable for any reason whatsoever. 

2.06. Computation of Interest. 

All computations of fees and interest shall be made on the basis of a 360-day year and actual days
elapsed (which results in more fees or interest, as applicable, being paid than if computed on the basis of a 365-day year). 

2.07. Payments Generally. 
 (a) All
payments to be made by the Borrowers shall be made without condition or deduction for any counterclaim, defense, recoupment or setoff. Except as otherwise expressly provided herein, all payments by the Borrowers hereunder shall be made to the
Administrative Agent, for the account of the Lenders to which such payment is owed, at the Administrative Agent’s Office in Dollars and in immediately available funds not later than 2:00 p.m. on the date specified herein. The
Administrative Agent will promptly distribute to each Lender its Commitment Percentage (or other applicable share as provided herein) of such payment in like funds as received by wire transfer to such Lender’s Lending Office. All payments
received by the Administrative Agent after 2:00 p.m. shall be deemed received on the immediately succeeding Business Day and any applicable interest or fee shall continue to accrue. 

(b) If any payment to be made by the Borrowers shall come due on a day other than a Business Day, payment shall be made on the next following
Business Day, and such extension of time shall be reflected in computing interest or fees, as the case may be. 
 (c) Unless
any Lender has notified the Administrative Agent, prior to the date any payment is required to be made by it to the Administrative Agent hereunder, that such Lender will not make such payment, the Administrative Agent may assume that such Lender has
timely made such payment and may (but shall not be so required to), in reliance thereon, make available a corresponding amount to the Person entitled thereto. If and to the extent that such payment was not in fact made to the Administrative Agent in
immediately available funds, then if any Lender failed to make such payment, such Lender shall forthwith on demand pay to the Administrative Agent the amount thereof in immediately available funds, together with interest thereon for the period from
the date such amount was made available by the Administrative Agent to the Borrowers to the date such amount is recovered by the Administrative Agent (the “Compensation Period”) at a rate per annum equal to the Federal Funds
Rate from time to time in effect. If such Lender pays such amount to the Administrative Agent, then such amount shall constitute such Lender’s Advance. If such Lender does not pay such amount forthwith upon the Administrative Agent’s
demand therefor, the Administrative Agent may make a demand therefor upon the Borrowers, and the Borrowers shall pay such amount to the Administrative Agent, together with interest thereon for the Compensation Period at a rate per annum equal to the
rate of interest applicable to the Loan. Nothing herein shall be deemed to relieve any Lender from its obligation to fulfill its Commitment or to prejudice any rights that the Administrative Agent or the Borrowers may have against any Lender as a
result of any default by such Lender hereunder. 

  
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 A notice of the Administrative Agent to any Lender with respect to any amount owing under this
subsection (c) shall be conclusive, absent manifest error. 
 (d) If any Lender makes available to the Administrative Agent funds for
any Advance to be made by such Lender as provided in the foregoing provisions of this Article II, and such funds are not made available to the Borrowers by the Administrative Agent because the conditions to the applicable Advance set forth in
Section 4.01 are not satisfied or waived in accordance with the terms hereof or for any other reason, the Administrative Agent shall return such funds (in like funds as received from such Lender) to such Lender within one
(1) Business Day, without interest. 
 (e) The obligations of the Lenders hereunder to make the Loan and to fund Advances are several
and not joint. The failure of any Lender to make any Advance or to fund any such participation or to make a payment under Section 10.04(c) on any date required hereunder shall not relieve any other Lender of its corresponding obligation
to do so on such date, nor relieve Borrowers from any obligations hereunder to the Lenders which fulfill such obligations and no Lender shall be responsible for the failure of any other Lender to so make its Loan, to purchase its participation or to
make its payment under Section 10.04(c). 
 (f) Nothing herein shall be deemed to obligate any Lender to obtain the funds for
any Loan in any particular place or manner or to constitute a representation by any Lender that it has obtained or will obtain the funds for any Loan in any particular place or manner. 

(g) If at any time insufficient funds are received by or are available to the Administrative Agent to pay fully all amounts of principal,
interest and fees then due hereunder, such funds shall be applied (i) first, toward costs and expenses (including Attorney Costs and amounts payable under Article III) incurred by the Administrative Agent and each Lender, (ii) second,
toward repayment of interest and fees then due hereunder, ratably among the parties entitled thereto in accordance with the amounts of interest and fees then due to such parties, and (iii) third, toward repayment of principal then due
hereunder, ratably among the parties entitled thereto in accordance with the amounts of principal then due to such parties. 
 2.08. Sharing of
Payments. 
 If any Lender shall obtain on account of the Advances made by it, any payment (whether voluntary, involuntary, through
the exercise of any right of set-off, or otherwise, but excluding any payments made to a Lender in error by the Administrative Agent (which such payments shall be returned by the Lender to the Administrative
Agent immediately upon such Lender’s obtaining knowledge that such payment was made in error)) in excess of its ratable share (or other share contemplated hereunder) thereof, such Lender shall immediately (a) notify the Administrative
Agent of such fact, and (b) purchase from the other Lenders such participations in the Advances made by them as shall be necessary to cause such purchasing Lender to share the excess payment in respect of such Advances or such participations,
as the case may be, pro rata with each of them; provided, however, that if all or any portion of such excess payment is thereafter recovered from the purchasing Lender under any of the circumstances described in Section 10.06
(including pursuant to any settlement entered into by the purchasing Lender in its discretion), such purchase shall to that extent be rescinded and each other Lender shall repay to 

  
 35 

 
the purchasing Lender the purchase price paid therefor, together with an amount equal to such paying Lender’s ratable share (according to the proportion of (i) the amount of such paying
Lender’s required repayment to (ii) the total amount so recovered from the purchasing Lender) of any interest or other amount paid or payable by the purchasing Lender in respect of the total amount so recovered, without further interest
thereon. The Borrowers agree that any Lender so purchasing a participation from another Lender may, to the fullest extent permitted by law, exercise all its rights of payment (including the right of set-off,
but subject to Section 10.08) with respect to such participation as fully as if such Lender were the direct creditor of the Borrowers in the amount of such participation. The Administrative Agent will keep records (which shall be
conclusive and binding in the absence of manifest error) of participations purchased under this Section and will in each case notify the Lenders following any such purchases or repayments. Each Lender that purchases a participation pursuant to
this Section shall from and after such purchase have the right to give all notices, requests, demands, directions and other communications under this Credit Agreement with respect to the portion of the Obligations purchased to the same extent
as though the purchasing Lender were the original owner of the Obligations purchased. 
 2.09. Evidence of Debt. 

The Loan made by the Lenders shall be evidenced by one or more accounts or records maintained by such Lender and by the Administrative Agent in
the ordinary course of business. The accounts or records maintained by the Administrative Agent and each Lender shall be conclusive absent manifest error of the amount of the Loan made by the Lenders to the Borrowers and the interest and payments
thereon. Any failure to so record or any error in doing so shall not, however, limit or otherwise affect the obligation of the Borrowers hereunder to pay any amount owing with respect to the Obligations. In the event of any conflict between the
accounts and records maintained by any Lender and the accounts and records of the Administrative Agent in respect of such matters, the accounts and records of the Administrative Agent shall control in the absence of manifest error. The Borrowers
shall execute and deliver to the Administrative Agent a Note for each Lender requesting a Note, which Note shall evidence such Lender’s share of the Loan in addition to such accounts or records. Each Lender may attach schedules to its Note and
endorse thereon the date, amount and maturity of the Loan and payments with respect thereto. 
 2.10. Joint and Several Liability of the
Borrowers. 
 (a) Each of the Borrowers is accepting joint and several liability hereunder in consideration of the financial
accommodation to be provided by the Lenders under this Credit Agreement, for the mutual benefit, directly and indirectly, of each of the Borrowers and in consideration of the undertakings of each of the Borrowers to accept joint and several
liability for the obligations of each of them. 
 (b) Each Borrower hereby agrees such Borrower is, and each such Borrower’s successors
and assigns are, jointly and severally liable for, and hereby absolutely and unconditionally guarantees to Administrative Agent and Lenders and their respective successors and assigns, the full and prompt payment (whether at stated maturity, by
acceleration or otherwise) and performance of, all of the Obligations arising under this Credit Agreement and 

  
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the other Credit Documents, it being the intention of the parties hereto that all the Obligations shall be the joint and several obligations of each of the Borrowers without preferences or
distinction among them. Each Borrower agrees that its guaranty obligation hereunder is a continuing guaranty of payment and performance and not of collection, that its obligations under this Section 2.10 shall not be discharged until
payment and performance, in full, of the Obligations has occurred, and that its obligations under this Section 2.10 shall be absolute and unconditional. 

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

(d) The guaranty obligations of each Borrower under the provisions of this Section 2.10 constitute full recourse obligations of
such Borrower, enforceable against it to the full extent of its properties and assets, irrespective of the validity, regularity or enforceability of this Credit Agreement or any other circumstances whatsoever, including without limitation, the
following: 
 (i) the genuineness, validity, regularity, enforceability or any future amendment of, or change in, this Credit
Agreement, any other Credit Document or any other agreement, document or instrument to which any other Borrower is or may become a party; 

(ii) the absence of any action to enforce this Credit Agreement (including this Section 2.10) or any other Credit
Document or the waiver or consent by Administrative Agent and Lenders with respect to any of the provisions thereof; 
 (iii)
the existence, value or condition of, or failure to perfect any Lien or any security for the Obligations or any action, or the absence of any action, by Administrative Agent and Lenders in respect thereof (including the release of any such
security); 
 (iv) the insolvency of any other Borrower; 

(v) the institution of any proceeding under the Federal Bankruptcy Code, or any similar proceeding, by or against a Borrower or
Administrative Agent’s election in any such proceeding of the application of Section 1111(b)(2) of the Federal Bankruptcy Code; 

(vi) any borrowing or grant of a security interest by any Borrower as debtor-in-possession, under Section 364 of the
Federal Bankruptcy Code; 
 (vii) the disallowance, under Section 502 of the Federal Bankruptcy Code, of all or any
portion of Administrative Agent’s claim(s) for repayment of any of the Obligations; or 

  
 37 

 (viii) any other action or circumstances that might otherwise constitute a legal
or equitable discharge or defense of a surety or guarantor other than the payment and performance, in full, of the Obligations. 
 Each Borrower shall be
regarded, and shall be in the same position, as principal debtor with respect to the Obligations guaranteed hereunder. 
 (e) Except as
otherwise expressly provided herein, each Borrower hereby waives notice of acceptance of its joint and several liability, notice of occurrence of any Default or Event of Default (except to the extent notice is expressly required to be given pursuant
to the terms of this Credit Agreement), or of any demand for any payment under this Credit Agreement (except to the extent demand is expressly required to be given pursuant to the terms of this Credit Agreement), notice of any action at any time
taken or omitted by the Administrative Agent or any Lender under or in respect of any of the Obligations hereunder, except as expressly provided herein, any requirement of diligence and, generally, all demands, notices and other formalities of every
kind in connection with this Credit Agreement, except as expressly provided herein. Each Borrower hereby assents to, and waives notice of, any extension or postponement of the time for the payment of any of the Obligations hereunder, the acceptance
of any partial payment thereon, any waiver, consent or other action or acquiescence by the Lenders at any time or times in respect of any default by any Borrower in the performance or satisfaction of any term, covenant, condition or provision of
this Credit Agreement, any and all other indulgences whatsoever by the Lenders in respect of any of the Obligations hereunder, and the taking, addition, substitution or release, in whole or in part, at any time or times, of any security for any of
such Obligations or the addition, substitution or release, in whole or in part, of any Borrower. Without limiting the generality of the foregoing, each Borrower assents to any other action or delay in acting or any failure to act on the part of the
Lender, including, without limitation, any failure strictly or diligently to assert any right or to pursue any remedy or to comply fully with applicable laws or regulations thereunder which might, but for the provisions of this
Section 2.10, afford grounds for terminating, discharging or relieving such Borrower, in whole or in part, from any of its obligations under this Section 2.10, it being the intention of each Borrower that, so long as any of
the Obligations hereunder remain unsatisfied, the obligations of such Borrower under this Section 2.10 shall not be discharged except by performance and then only to the extent of such performance. The obligations of each Borrower under
this Section 2.10 shall not be diminished or rendered unenforceable by any winding up, reorganization, arrangement, liquidation, reconstruction or similar proceeding with respect to any Borrower or any Lender. The joint and several
liability of the Borrowers hereunder shall continue in full force and effect notwithstanding any absorption, merger, amalgamation or any other change whatsoever in the name, membership, constitution or place of formation of any Borrower or any
Lender. 
 (f) Notwithstanding anything to the contrary in this Agreement or in any other Credit Document, and except as set forth in
Section 2.10(j) with respect to any obligations to another Borrower, each Borrower hereby expressly and irrevocably subordinates to payment of the Obligations any and all rights at law or in equity to subrogation, reimbursement,
exoneration, contribution, indemnification or set off and any and all defenses available to a surety, guarantor or accommodation co-obligor until the Obligations are indefeasibly paid in full in cash. Each Borrower acknowledges and agrees that this
subordination is intended to benefit Administrative Agent and Lenders and shall not limit or otherwise affect such Borrower’s liability hereunder or 

  
 38 

 
the enforceability of this Section 2.10, and that Administrative Agent, Lenders and their respective successors and assigns are intended third party beneficiaries of the waivers and
agreements set forth in this Section 2.10. 
 (g) If Administrative Agent or any Lender may, under applicable Law, proceed to
realize its benefits under any of the Credit Documents giving Administrative Agent or such Lender a Lien upon any Collateral, whether owned by any Borrower or by any other Person, either by judicial foreclosure or by non-judicial sale or
enforcement, Administrative Agent or any Lender may, at its sole option, determine which of its remedies or rights it may pursue without affecting any of its rights and remedies under this Section 2.10. If, in the exercise of any of its
rights and remedies, Administrative Agent or any Lender shall forfeit any of its rights or remedies, including its right to enter a deficiency judgment against any Borrower or any other Person, whether because of any applicable Laws pertaining to
“election of remedies” or the like, each Borrower hereby consents to such action by Administrative Agent or such Lender and waives any claim based upon such action, even if such action by Administrative Agent or such Lender shall result in
a full or partial loss of any rights of subrogation that each Borrower might otherwise have had but for such action by Administrative Agent or such Lender. Any election of remedies that results in the denial or impairment of the right of
Administrative Agent or any Lender to seek a deficiency judgment against any Borrower shall not impair any other Borrower’s obligation to pay the full amount of the Obligations. In the event Administrative Agent or any Lender shall bid at any
foreclosure or trustee’s sale or at any private sale permitted by law or the Credit Documents, Administrative Agent or such Lender may bid all or less than the amount of the Obligations and the amount of such bid need not be paid by
Administrative Agent or such Lender but shall be credited against the Obligations. 
 (h) The provisions of this Section 2.10
are made for the benefit of the Administrative Agent, the Lenders and their respective successors and assigns, and may be enforced by any such Person from time to time against any of the Borrowers as often as occasion therefor may arise and without
requirement on the part of any Lender first to marshal any of its claims or to exercise any of its rights against any of the other Borrowers or to exhaust any remedies available to it against any of the other Borrowers or to resort to any other
source or means of obtaining payment of any of the Obligations or to elect any other remedy. The provisions of this Section 2.10 shall remain in effect until all the Obligations hereunder shall have been paid in full or otherwise fully
satisfied. If at any time, any payment, or any part thereof, made in respect of any of the Obligations, is rescinded or must otherwise be restored or returned by the Lenders upon the insolvency, bankruptcy or reorganization of any of the Borrowers,
or otherwise, the provisions of this Section 2.10 will forthwith be reinstated and in effect as though such payment had not been made. 

(i) Each Borrower’s liability under this Section 2.10 shall be limited to an amount not to exceed as of any date of
determination the greater of the following: 
 (i) the amount of the Loan allocated to each Borrower as set forth on
Schedule 2.10 hereto (the “Allocable Amount”); and 
 (ii) the amount that could be claimed by
Administrative Agent and any Lender from such Borrower under this Section 2.10 without rendering such claim voidable or 

  
 39 

 
avoidable under Section 548 of Chapter 11 of the Bankruptcy Code or under any applicable state Uniform Fraudulent Transfer Act, Uniform Fraudulent Conveyance Act or similar statute or common
law after taking into account, among other things, such Borrower’s right of contribution and indemnification from each other Borrower under Section 2.10(j) below. 

(j) Contribution with Respect to Guaranty Obligations. 

(i) To the extent that any Borrower (the “Overpaying Borrower”) incurs (i) any payment in excess
of its Allocable Amount, or (ii) a loss of its Collateral due to the foreclosure (or other realization by lenders) of, or the delivery of deeds in lieu of foreclosure relating to it Collateral, and the value of such Collateral exceeded its
Allocable Share (the “Overpayment Amount”), then such Overpaying Borrower shall be entitled, after indefeasible payment in full and the satisfaction of all Obligations to Lenders under the Credit Agreement, to contribution
from each of the benefited Borrowers, on a pro rata basis, for the amounts so paid, advanced or benefited, in an amount equal to the difference between the Overpayment Amount and such benefited Borrower’s then current Allocable Amount. Any such
contribution payments shall be made within ten (10) Business Days after demand therefor. 
 (ii) This
Section 2.10(j) is intended only to define the relative rights of Borrowers and nothing set forth in this Section 2.10(j) is intended to or shall impair the obligations of Borrowers, jointly and severally, to pay any amounts
as and when the same shall become due and payable in accordance with the terms of this Agreement, including Section 2.10(a) above. Nothing contained in this Section 2.10(j) shall limit the liability of any Borrower to pay all
or any part of the Loan made directly or indirectly to that Borrower and accrued interest, fees and expenses with respect thereto for which such Borrower shall be primarily liable. 

(iii) The parties hereto acknowledge that the rights of contribution and indemnification hereunder shall constitute assets of
the Borrower to which such contribution and indemnification is owing. 
 (iv) The rights of the indemnifying Borrowers
against other Borrowers under this Section 2.10(j) shall be exercisable only upon the full and indefeasible payment of the Obligations. 

(k) The liability of Borrowers under this Section 2.10 is in addition to and shall be cumulative with all liabilities of each
Borrower to Agent and Lender under this Agreement and the other Credit Documents to which such Borrower is a party or in respect of any Obligations or obligation of the other Borrower, without any limitation as to amount, unless the instrument or
agreement evidencing or creating such other liability specifically provides to the contrary. 
 (l) Notwithstanding the foregoing, to the
extent any Borrower is not a Qualified ECP Guarantor, such Borrower shall not be jointly and severally liable for any Obligation under any Swap Contract. 

  
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 2.11. Appointment of Parent Borrower as Legal Representative for Credit Parties. 

Each of the Credit Parties hereby appoints the Parent Borrower to act as its exclusive legal representative for all purposes
under this Credit Agreement and the other Credit Documents (including, without limitation, with respect to all matters related to repayment of the Loan as described in Article II and Article III hereof) (in such capacity, the
“Borrower Representative”). Each of the Credit Parties acknowledges and agrees that (a) the Borrower Representative may execute such documents on behalf of all the Credit Parties as the Borrower Representative deems
appropriate in its reasonable discretion and each Credit Party shall be bound by and obligated by all of the terms of any such document executed by the Borrower Representative on its behalf, (b) any notice or other communication delivered by
the Administrative Agent or any Lender hereunder to the Borrower Representative shall be deemed to have been delivered to each of the Credit Parties and (c) the Administrative Agent and each of the Lenders shall accept (and shall be permitted
to rely on) any document or agreement executed by the Borrower Representative on behalf of the Credit Parties (or any of them). The Borrowers must act through the Borrower Representative for all purposes under this Credit Agreement and the other
Credit Documents. Notwithstanding anything contained herein to the contrary, to the extent any provision in this Credit Agreement requires any Credit Party to interact in any manner with the Administrative Agent or the Lenders, such Credit Party
shall do so through the Borrower Representative. 
 2.12. Defaulting Lenders. 

(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 Amendments. That Defaulting Lender’s right to approve or disapprove any amendment, waiver or consent with respect to this Agreement shall be restricted as set forth in Section 10.01. 

(ii) Reallocation of Payments. Any payment of principal, interest, fees or other amounts received by the Administrative
Agent for the account of that Defaulting Lender (whether voluntary or mandatory, at maturity, pursuant to Article VIII or otherwise, and including any amounts made available to the Administrative Agent by that Defaulting Lender pursuant to
Section 10.06), shall be applied at such time or times as may be determined by the Administrative Agent as follows; provided that this section shall only be deemed to apply to a Defaulting Lender that has achieved such status
solely as a result of the failure to fund its obligations hereunder and not for any other reason: first, to the payment of any amounts owing by that Defaulting Lender to the Administrative Agent hereunder; second, as the Borrower
Representative may request (so long as no Default or Event of Default exists), 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, to the payment of any amounts owing to the Lenders, 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; and fourth, to that Defaulting Lender or as otherwise directed by a court of competent jurisdiction. Any 

  
 41 

 
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 shall be deemed paid to and redirected by that
Defaulting Lender, and each Lender irrevocably consents hereto. 
 (b) Defaulting Lender Cure. Upon cure by a Defaulting Lender of
the circumstances by which it became a Defaulting Lender, the Administrative Agent will so notify the parties hereto, whereupon that Lender will, to the extent applicable, purchase that portion of outstanding Advances of the other Lenders or take
such other actions as the Administrative Agent may determine to be necessary to cause the Advances (in the aggregate) to be held on a pro rata basis by the Lenders in accordance with their applicable Commitment Percentages; provided that no
adjustments will be made retroactively with respect to fees accrued or payments made by or on behalf of the Borrowers while that Lender was a Defaulting Lender; and provided, further, that except to the extent otherwise expressly
agreed by the affected parties, no change hereunder from Defaulting Lender to Lender will constitute a waiver or release of any claim of any party hereunder arising from that Lender’s having been a Defaulting Lender. 

ARTICLE III 
 TAXES,
YIELD PROTECTION AND ILLEGALITY 
 3.01. Taxes. 

(a) Payments Free of Taxes. Any and all payments by or on account of any obligation of the Credit Parties hereunder or under any other
Credit Document shall be made free and clear of and without reduction or withholding for any Indemnified Taxes or Other Taxes, provided that if any Credit Party shall be required by applicable law to deduct any Indemnified Taxes (including
any Other Taxes) from such payments, then (i) the sum payable shall be increased as necessary so that after making all required deductions (including deductions applicable to additional sums payable under this Section) the Administrative Agent
or any Lender, as the case may be, receives an amount equal to the sum it would have received had no such deductions been made, (ii) such Credit Party shall make such deductions and (iii) such Credit Party shall timely pay the full amount
deducted to the relevant Governmental Authority in accordance with applicable law. 
 (b) Payment of Other Taxes by the Credit
Parties. Without limiting the provisions of subsection (a) above, the Credit Parties shall timely pay any Other Taxes to the relevant Governmental Authority in accordance with applicable law. 

(c) Indemnification by the Credit Parties. The Credit Parties shall indemnify the Administrative Agent and each Lender, within 10 days
after demand therefor, for the full amount of any Indemnified Taxes or Other Taxes (including Indemnified Taxes or Other Taxes imposed or asserted on or attributable to amounts payable under this Section) paid by the Administrative Agent or such
Lender imposed with respect to payments by or on account of any obligation of the Credit Parties hereunder or under any other Credit Document, as the case may be, and any penalties, interest and reasonable expenses arising therefrom or with respect
thereto, except for any interest, penalties, or expenses caused by the failure of the Administrative Agent or a Lender, as the case may be, to pay any such Indemnified Taxes or Other Taxes when due. A reasonably detailed certificate as to the amount
of such payment or liability delivered to any 

  
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Borrower by a Lender (with a copy to the Administrative Agent), or by the Administrative Agent on its own behalf or on behalf of a Lender, shall be conclusive absent manifest error.
Notwithstanding anything herein to the contrary, the Administrative Agent and the Lenders shall not be indemnified for any Indemnified Taxes or Other Taxes hereunder unless such Administrative Agent or Lender shall make written demand on the
Borrowers for such reimbursement no later than 180 days after the earlier of (i) the date on which the relevant Governmental Authority makes written demand upon the Administrative Agent or Lender for payment of such Indemnified Taxes or Other
Taxes, and (ii) the date on which such Administrative Agent or Lender has made payment of such Indemnified Taxes or Other Taxes; provided that if the Indemnified Taxes or Other Taxes imposed or asserted giving rise to such claims are
retroactive, then the 180-day period referred to above shall be extended to include the period of retroactive effect thereof. 
 (d)
Evidence of Payments. As soon as practicable after any payment of Indemnified Taxes or Other Taxes by any Credit Party to a Governmental Authority, the Borrower Representative 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 the return reporting such payment or other evidence of such payment reasonably satisfactory to the Administrative Agent. 

(e) Status of Lenders. (i) Each Lender shall deliver to the Borrower Representative and to the Administrative Agent, at the time
or times prescribed by applicable laws or when reasonably requested by the Borrower Representative or the Administrative Agent, such properly completed and executed documentation prescribed by applicable Laws or by the taxing authorities of any
jurisdiction and such other reasonably requested information as will permit the Borrower Representative or the Administrative Agent, as the case may be, to determine (A) whether or not payments made hereunder or under any other Credit Document
are subject to Taxes, (B) if applicable, the required rate of withholding or deduction, and (C) such Lender’s entitlement to any available exemption from, or reduction of, applicable Taxes in respect of all payments to be made to such
Lender by the Borrowers pursuant to this Agreement or otherwise to establish such Lender’s status for withholding tax purposes in the applicable jurisdiction. 

(ii) Without limiting the generality of the foregoing, if such Borrower is resident for tax purposes in the United States, 

(A) any Lender that is a “United States person” within the meaning of Section 7701(a)(30) of the Internal
Revenue Code shall deliver to the Borrower Representative and the Administrative Agent executed originals of Internal Revenue Service Form W-9 or such other documentation or information prescribed by applicable laws or reasonably requested by the
Borrower Representative or the Administrative Agent as will enable the Borrower Representative or the Administrative Agent, as the case may be, to determine that such Lender is not subject to backup withholding or information reporting requirements;
and 
 (B) each Foreign Lender that is entitled under the Internal Revenue Code or any applicable treaty to an exemption from
or reduction of withholding 

  
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tax with respect to payments hereunder or under any other Credit Document shall deliver to the Borrower Representative 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 request of the Borrower Representative or the Administrative Agent, but only if such Foreign
Lender is legally entitled to do so), whichever of the following is applicable: 
 (I) executed originals of Internal
Revenue Service Form W-8BEN claiming eligibility for benefits of an income tax treaty to which the United States is a party, 

(II) executed originals of Internal Revenue Service Form W-8ECI, 

(III) executed originals of Internal Revenue Service Form W-8IMY and all required
supporting documentation, 
 (IV) in the case of a Foreign Lender claiming the benefits of the exemption for portfolio
interest under section 881(c) of the Internal Revenue Code, (x) a certificate to the effect that such Foreign Lender is not (A) a “bank” within the meaning of section 881(c)(3)(A) of the Internal Revenue Code, (B) a “10
percent shareholder” of the Borrower within the meaning of section 881(c)(3)(B) of the Internal Revenue Code, or (C) a “controlled foreign corporation” described in section 881(c)(3)(C) of the Internal Revenue Code and
(y) duly completed copies of Internal Revenue Service Form W-8BEN, or 
 (V) executed originals of any other form
prescribed by applicable laws as a basis for claiming exemption from or a reduction in United States Federal withholding tax duly completed together with such supplementary documentation as may be prescribed by applicable law to permit such Borrower
or the Administrative Agent to determine the withholding or deduction required to be made. 
 (C) each Lender shall deliver
to the Administrative Agent and the Borrower Representative such documentation reasonably requested by the Administrative Agent or the Borrower Representative sufficient for the Administrative Agent and the Borrowers to comply with their obligations
under FATCA and to determine whether payments to such Lender are subject to withholding tax under FATCA. 
 (iii) Each Lender
shall promptly (A) notify the Borrower Representative and the Administrative Agent of any change in circumstances which would modify or render invalid any claimed exemption or reduction, and (B) take such steps as shall not be materially
disadvantageous to it, in the reasonable judgment of such Lender, and as may be reasonably necessary (including the re-designation of its Lending Office) to avoid any 

  
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requirement of applicable Laws of any jurisdiction that any Borrower or the Administrative Agent make any withholding or deduction for taxes from amounts payable to such Lender. 

(f) Refunds of Indemnified Taxes or Other Taxes. If the Administrative Agent or a Lender determines, in its reasonable discretion, that
it has received a refund or credit of any Indemnified Taxes or Other Taxes as to which it has been indemnified by the Borrowers or with respect to which the Borrowers have paid additional amounts pursuant to this Section 3.01, it shall
pay over such refund or credit to the Borrower (but only to the extent of indemnity payments made, or additional amounts paid, by the Borrowers under this Section 3.01 with respect to the Indemnified Taxes or Other Taxes giving rise to
such refund or credit), net of all reasonable out-of-pocket expenses of the Administrative Agent or such Lender, as the case may be, and without interest (other than any interest paid by the relevant Governmental Authority with respect to such
refund or credit); provided, that the Borrower, upon the request of the Administrative Agent or such Lender, as the case may be, agrees to repay the amount paid over to the Borrower (plus any penalties, interest or other charges imposed by the
relevant Governmental Authority) to the Administrative Agent or such Lender, as the case may be, in the event it is required to repay such refund or credit to such Governmental Authority. This Section shall not be construed to require the
Administrative Agent or any Lender to make available its tax returns (or any other information relating to its Taxes which it deems confidential) to the Borrower. 

3.02. Illegality. 
 If any Lender
determines that any Law has made it unlawful, or that any Governmental Authority has asserted that it is unlawful, for any Lender or its applicable Lending Office to make, maintain or fund its Extension of Credit using the Eurodollar Rate, or to
determine or charge interest rates based upon the Eurodollar Rate, then, on notice thereof by such Lender to the Borrowers through the Administrative Agent, any obligation of such Lender to continue its Extension of Credit at the Eurodollar Rate
shall be suspended until such Lender notifies the Administrative Agent and the Borrowers that the circumstances giving rise to such determination no longer exist. Upon receipt of such notice, the Borrowers shall either (a) agree to substitute
the Base Rate for the Eurodollar Rate on the outstanding Extension of Credit or (b) upon demand from such Lender (with a copy to the Administrative Agent), prepay such Lender’s Extension of Credit on the last day of the Interest Period
therefor, if such Lender may lawfully continue to maintain its Extension of Credit to such day, or immediately, if such Lender may not lawfully continue to maintain its Extension of Credit. Upon any such prepayment or substitution of the Base Rate,
the Borrowers shall also pay accrued interest on the amount so prepaid or converted. Each Lender agrees to designate a different Lending Office if such designation will avoid the need for such notice and will not, in the good faith judgment of such
Lender, otherwise be materially disadvantageous to such Lender. 
 3.03. Inability to Determine Rates. 

If the Required Lenders determine that for any reason adequate and reasonable means do not exist for determining the Eurodollar Rate with
respect to any Eurodollar Reset Date proposed, or that the Eurodollar Rate for any Eurodollar Reset Date does not adequately and 

  
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fairly reflect the cost to such Lenders of funding such Advance, the Administrative Agent will promptly so notify the Parent Borrower and each Lender. Thereafter, the obligation of the Lenders to
maintain or reset the Eurodollar Rate shall be suspended until the Administrative Agent (upon the instruction of the Required Lenders) revokes such notice. Upon receipt of such notice, the Borrowers may substitute a request for a reset of the
interest rate using the Base Rate. 
 3.04. Increased Cost and Reduced Return; Capital Adequacy; Reserves. 

(a) If any Lender determines that as a result of a Change in Law, or such Lender’s compliance therewith, there shall be any increase in
the cost to such Lender of agreeing to make or making, funding or maintaining the Loan, or a reduction in the amount received or receivable by such Lender in connection with any of the foregoing (excluding for purposes of this subsection (a)
any such increased costs or reduction in amount resulting from (i) Taxes (as to which Section 3.01 shall govern) and (ii) reserve requirements contemplated by Section 3.04(c)), then from time to time upon demand of
such Lender (with a copy of such demand to the Administrative Agent), the Borrowers shall pay to such Lender such additional amounts as will compensate such Lender for such increased cost or reduction. 

(b) If any Lender determines that any Change in Law regarding capital adequacy or liquidity requirements, or compliance by such Lender (or its
Lending Office) therewith, has the effect of reducing the rate of return on the capital of such Lender or any corporation controlling such Lender as a consequence of such Lender’s obligations hereunder (taking into consideration its policies
with respect to capital adequacy and such Lender’s desired return on capital), then from time to time upon demand of such Lender (with a copy of such demand to the Administrative Agent), the Borrowers shall pay to such Lender such additional
amounts as will compensate such Lender for such reduction. The Borrowers shall not be required to pay such additional amounts unless such amounts are the result of requirements imposed generally on lenders similar to such Lenders and not the result
of some specific reserve or similar requirement imposed on such Lender as a result of such Lender’s special circumstances. 

(c) The Borrowers shall pay to each Lender, 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 the Advances made by such Lender under the
Loan equal to the actual costs of such reserves allocated to such portion of the Loan by such Lender (as determined by such Lender in good faith, which determination shall be conclusive), which shall be due and payable on each date on which interest
is payable on the Loan, provided the Borrowers shall have received at least fifteen (15) days’ prior written notice (with a copy to the Administrative Agent) of such additional interest from such Lender. If a Lender fails to give notice
fifteen (15) days prior to the relevant Payment Date, such additional interest shall be due and payable fifteen (15) days from receipt of such notice. 

(d) Each Lender agrees to make reasonable efforts to designate a different Lending Office if such designation will avoid or reduce the amounts
payable under this Section 3.04 and will not, in the good faith judgment of such Lender, otherwise be materially disadvantageous to such Lender. 

  
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 3.05. Funding Losses. 

Upon demand of any Lender (with a copy to the Administrative Agent) from time to time, the Borrowers shall promptly compensate such Lender for
and hold such Lender harmless from any loss, cost or expense incurred by it as a result of: 
 (a) any payment or prepayment of all or any
portion of the Loan on a day other than the last day of the Interest Period for the Loan or portion thereof (whether voluntary, mandatory, automatic, by reason of acceleration, or otherwise); 

(b) any failure by the Borrowers (for a reason other than the failure of such Lender to make an Advance) to prepay or borrow any Advance on
the date or in the amount notified by the Borrowers; or 
 (c) any assignment of any portion of the Loan on a day other than the last day of
the Interest Period therefor as a result of a request by the Borrowers pursuant to Section 10.13; 
 including any loss, cost or expense (other
than loss of anticipated profits) arising from the liquidation or reemployment of funds obtained by it to maintain the Loan or portion thereof or from fees payable to terminate the deposits from which such funds were obtained. The Borrowers shall
also pay any customary administrative fees charged by such Lender in connection with the foregoing. 
 For purposes of calculating amounts
payable by the Borrowers to the Lenders under this Section 3.05, each Lender shall be deemed to have funded each Advance made by it at the Eurodollar Rate for such Advance by a matching deposit or other borrowing in the London interbank
eurodollar market for a comparable amount and for a comparable period, whether or not such Advance was in fact so funded. 
 3.06. Matters Applicable
to all Requests for Compensation. 
 (a) A certificate of the Administrative Agent or any Lender claiming compensation under this
Article III and setting forth the additional amount or amounts to be paid to it hereunder shall be conclusive in the absence of manifest error. Notwithstanding the forgoing, the Borrowers shall only be obligated to compensate the Administrative
Agent or such Lender for any amount under this Article III (i) to the extent such amount or amounts result from or is with respect to any period within 180 days prior to the date on which the Administrative Agent or the applicable Lender makes
a claim hereunder if the Administrative Agent or the applicable Lender prior to such date knew or could reasonably have been expected to know of the circumstances giving rise to the claim hereunder or the fact that such circumstances would result in
the claim hereunder and (ii) if the Administrative Agent or the applicable Lender is making similar claims to other similarly situated borrowers. In determining such amount, the Administrative Agent or such Lender may use any reasonable
averaging and attribution methods. 
 (b) Upon any Lender’s making a claim for compensation under Section 3.01 or
3.04, the Borrowers may replace such Lender in accordance with Section 10.13. 

  
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 Each Lender shall promptly notify the Borrower Representative and the Administrative Agent of any
event of which it has knowledge which will result in obligations of Borrower to pay any amounts pursuant to Article III, and will use reasonable commercial efforts available to it (and not, in such Lender’s reasonable judgment, otherwise
disadvantageous to such Lender) to mitigate or avoid any such obligations by the Borrowers. 
 3.07. Survival. 

All of the Borrowers’ obligations under this Article III shall survive termination of the Commitments and repayment of all other
Obligations hereunder. 
 ARTICLE IV 

CONDITIONS PRECEDENT 
 4.01.
Conditions of the Loan. 
 The obligation of the Lenders to make the Loan hereunder is subject to the satisfaction of each of the
following conditions in all material respects on or prior to the Closing Date as shall not have been expressly waived in writing by the Administrative Agent. 

(a) Credit Documents, Organization Documents, Etc. The Administrative Agent’s receipt of the following, each of which shall be
originals or facsimiles (followed promptly by originals) unless otherwise specified, each properly executed by a Responsible Officer, each dated the Closing Date (or, in the case of certificates of governmental officials, a recent date before the
Closing Date) and each in form and substance reasonably satisfactory to the Administrative Agent and its legal counsel: 

(i) executed counterparts of this Credit Agreement and the other Credit Documents; 

(ii) a Note executed by the Borrowers in favor of each Lender requesting a Note; 

(iii) copies of the Organization Documents of each Borrower certified to be true and complete as of a recent date by the
appropriate Governmental Authority of the state or other jurisdiction of its incorporation or organization, where applicable, and certified by a Responsible Officer to be true and correct as of the Closing Date; 

(iv) such certificates of resolutions or other action, incumbency certificates and/or other certificates of Responsible
Officers of each Credit Party as the Administrative Agent may require evidencing the identity, authority and capacity of each Responsible Officer thereof authorized to act as a Responsible Officer in connection with this Credit Agreement and the
other Credit Documents to which such Credit Party is a party; and 
 (v) such documents and certifications as the
Administrative Agent may reasonably require to evidence that the Borrowers are duly organized or formed, and are validly existing, in good standing and qualified to engage in business in (A) the

  
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jurisdiction of their incorporation or organization and (B) each jurisdiction where their ownership, lease or operation of properties or the conduct of their business requires such
qualification. 
 (b) The Laurel Acquisition shall have been consummated concurrently with the initial borrowing of Loan proceeds and
pursuant in all material respects to the terms of the Laurel Acquisition Agreement. 
 (c) Opinions of Counsel. The Administrative
Agent shall have received, in each case dated as of the Closing Date and in form and substance reasonably satisfactory to the Administrative Agent: 

(i) a legal opinion of counsel for the Credit Parties addressed to the Administrative Agent and the Lenders; 

(ii) a legal opinion of special local counsel for the Borrowers for the states in which each Mortgage Instrument encumbering
Real Property Asset is to be recorded and for any other state in which any Credit Party is organized, in each case addressed to the Administrative Agent, its counsel and the Lenders. 

(d) Personal Property Collateral. The Administrative Agent shall have received (in each case in form and substance reasonably
satisfactory to the Administrative Agent): 
 (i) UCC financing statements for each appropriate jurisdiction as is necessary,
in the Administrative Agent’s reasonable discretion, to perfect the Administrative Agent’s security interest in the Collateral for the benefit of the Lenders; 

(ii) duly executed notices of grant of security interest as are necessary, in the Administrative Agent’s reasonable
discretion, to perfect the Administrative Agent’s security interest in the Collateral for the benefit of the Lenders; 

(iii) duly executed consents as are necessary, in the Administrative Agent’s reasonable discretion, to perfect the
Administrative Agent’s security interest in the Collateral for the benefit of the Lenders; 
 (iv) in the case of any
tangible personal property Collateral located at a premises leased by a Borrower, to the extent obtained by Borrowers in connection with the Laurel Acquisition, such estoppel letters, consents and waivers from the landlords on such real property as
may be reasonably required by the Administrative Agent; and 
 (v) a copy of each Material Contract in effect as of the
Closing Date. 
 (e) Real Property Collateral (Real Property Assets). The Administrative Agent shall have received, in form and
substance reasonably satisfactory to the Administrative Agent, each of the Real Property Asset Deliverables with respect to each Real Property Asset set forth on Schedule 5.12 attached hereto. 

  
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 (f) Property and Liability Insurance. The Administrative Agent shall have received copies
of all insurance policies or certificates thereof held by (or for the benefit of) the Borrowers and Eligible Tenants with respect to the Real Property Assets, each such policy shall name the Administrative Agent (on behalf of the Lenders) as an
additional insured or sole loss payee under a standard mortgagee endorsement, as applicable and each provider of any such insurance shall agree, by endorsement upon the policy or policies issued by it or by independent instruments furnished to the
Administrative Agent, that it will give the Administrative Agent thirty (30) days prior written notice (ten (10) days for non-payment) before any such policy or policies shall be canceled. 

(g) Officer’s Certificates. The Administrative Agent shall have received a certificate or certificates executed by a Responsible
Officer as of the Closing Date, in a form reasonably satisfactory to the Administrative Agent, stating that (i) all shareholder approvals and, to Borrower’s Knowledge, governmental, and third party consents and approvals, if any, with
respect to the Credit Documents and the transactions contemplated thereby have been obtained, (ii) no action, suit, investigation or proceeding is pending or threatened in any court or before any arbitrator or governmental instrumentality that
purports to affect any Credit Party or any transaction contemplated by the Credit Documents, if such action, suit, investigation or proceeding could reasonably be expected to have a Material Adverse Effect, (iii) immediately prior to and
immediately following the transactions contemplated herein, the Credit Parties taken as a whole shall be Solvent, and (iv) immediately after the execution of this Credit Agreement and the other Credit Documents, (A) no Default or Event of
Default shall exist and (B) all representations and warranties contained herein and in the other Credit Documents are true and correct in all material respects. 

(h) Fees and Expenses. Payment by the Credit Parties to the Administrative Agent of all reasonable out-of-pocket fees and expenses
relating to the preparation, execution and delivery of this Credit Agreement and the other Credit Documents which are due and payable on the Closing Date, including, without limitation, payment to the Administrative Agent of the reasonable and
documented Attorney Costs, consultants’ fees, travel expenses incurred by the Administrative Agent and all reasonable out-of-pocket fees and expenses associated with the due diligence done in connection with and the preparation of documentation
with respect to the Real Property Assets or other Collateral incurred by the Administrative Agent. 
 (i) Other. Receipt by the
Administrative Agent of such other documents, instruments, agreements or information as reasonably requested by the Administrative Agent, including, but not limited to, additional legal opinions, contribution agreements, corporate resolutions,
indemnifications, information regarding litigation, tax, accounting, labor, insurance, pension liabilities (actual or contingent), real estate leases, Material Contracts, debt agreements, property ownership, property management agreements, corporate
organizational structure, and contingent liabilities of the Credit Parties. 
 By executing this Agreement, Administrative Agent and Lenders
acknowledge and agree that each of the foregoing conditions have been satisfied or waived as of the Closing Date. Without limiting the generality of the foregoing or the provisions of the last paragraph of Section 9.04, for purposes of
determining compliance with the conditions specified in this Section 4.01, each Lender that has signed this Agreement shall be deemed to have consented to, approved or accepted or to be satisfied with, each document or other matter
required thereunder to be consented to or approved by or acceptable or satisfactory to a Lender. 

  
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 ARTICLE V 

REPRESENTATIONS AND WARRANTIES 
 The Credit
Parties hereby represent and warrant to each of the Administrative Agent and each of the Lenders that: 
 5.01. Financial Statements; No Material
Adverse Effect. 
 (a) The Audited Financial Statements (i) were prepared in accordance with GAAP consistently applied
throughout the period covered thereby, except as otherwise expressly noted therein; (ii) fairly present the financial condition of the Consolidated Parties as of the date thereof and their results of operations for the period covered thereby in
accordance with GAAP consistently applied throughout the period covered thereby, except as otherwise expressly noted therein; and (iii) show all material indebtedness and other liabilities, direct or contingent, of the Consolidated Parties as
of the date thereof, including liabilities for taxes, material commitments and Indebtedness. 
 (b) The unaudited consolidated balance sheet
of the Consolidated Parties dated September 30, 2014, and the related consolidated statements of income or operations, shareholders’ equity and cash flows for the fiscal quarter ended on that date (i) were prepared in accordance with
GAAP consistently applied throughout the period covered thereby, except as otherwise expressly noted therein, and (ii) fairly present the financial condition of the Consolidated Parties as of the date thereof and their results of operations for
the period covered thereby, subject, in the case of clauses (i) and (ii), to the absence of footnotes and to normal year-end audit adjustments. 

(c) During the period from December 31, 2013 to and including the Closing Date, and except as set forth on Schedule 5.01(c), there
has been no sale, transfer or other disposition by any Consolidated Party of any material part of the business or property of the Consolidated Parties, taken as a whole, and no purchase or other acquisition by any of them of any business or property
(including any Capital Stock of any other Person) material in relation to the consolidated financial condition of the Consolidated Parties, taken as a whole, in each case, which is not reflected in the foregoing financial statements or in the notes
thereto and has not otherwise been disclosed in writing to the Administrative Agent on or prior to the Closing Date. 
 (d) The financial
statements delivered pursuant to Section 6.01(a) and (b) have been prepared in accordance with GAAP (as may otherwise be permitted under Section 6.01(a) and (b), it being understood that certain specific
information provided pursuant to such sections may not be prepared in accordance with GAAP to the extent GAAP is not applicable to such information) and present fairly (on the basis disclosed in the footnotes to such financial statements) the
consolidated financial condition, results of operations and cash flows of the Consolidated Parties as of such date and for such periods. 

  
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 5.02. Existence, Qualification and Power. 

Each of the Credit Parties (a) is duly organized or formed, validly existing and, as applicable, in good standing under the Laws of the
jurisdiction of its incorporation or organization, (b) has all requisite power and authority and all requisite governmental licenses, authorizations, consents and approvals necessary to (i) own or lease its assets and carry on its business
and (ii) execute, deliver and perform its obligations under the Credit Documents to which it is a party, and (c) is duly qualified and is licensed and, as applicable, in good standing under the Laws of each jurisdiction where its
ownership, lease or operation of properties or the conduct of its business requires such qualification or license; except in each case referred to in clause (b)(i) or (c), to the extent that failure to do so could not reasonably be expected to have
a Material Adverse Effect. 
 5.03. Authorization; No Contravention. 

The execution, delivery and performance by each Credit Party of each Credit Document to which such Person is party, have been duly authorized
by all necessary corporate or other organizational action, and do not and will not (a) contravene the terms of any of such Person’s Organization Documents; (b) to Borrower’s Knowledge, conflict with or result in any breach or
contravention of, or the creation of any Lien under, or require any payment to be made under (i) any Contractual Obligation to which such Person is a party or affecting such Person or the properties of such Person or any of its Subsidiaries or
(ii) any order, injunction, writ or decree of any Governmental Authority or any arbitral award to which such Person or its property is subject, except to the extent, in the case of each of clauses (i) and (ii), that failure to so comply
could not reasonably be expected to have a Material Adverse Effect; or (c) violate any Law except to the extent that violation thereof could not reasonably be expected to have a Material Adverse Effect. 

5.04. Binding Effect. 
 This Credit
Agreement has been, and each other Credit Document, when delivered hereunder, will have been, duly executed and delivered by each Credit Party that is party thereto. This Credit Agreement constitutes, and each other Credit Document when so delivered
will constitute, a legal, valid and binding obligation of such Credit Party, enforceable against each Credit Party that is party thereto in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other
laws affecting creditor’s rights generally and subject to general principals of equity, regardless of whether considered in a proceeding in equity or at law. 

5.05. Litigation. 
 To
Borrower’s Knowledge, there are no actions, suits, proceedings, claims or disputes pending, threatened or contemplated, at law, in equity, in arbitration or before any Governmental Authority, by or against any Credit Party or against any of its
properties or revenues that (a) purport to affect or pertain to the legal effectiveness or enforceability of this Credit Agreement or any other Credit Document, or any of the transactions contemplated hereby, or (b) either individually or
in the aggregate, could reasonably be expected to have a Material Adverse Effect. 

  
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 5.06. Compliance with ERISA. 

(a) Each Plan is in compliance in all material respects with the applicable provisions of ERISA, the Code and other Federal or state Laws. Each
Plan that is intended to qualify under Section 401(a) of the Code has received a favorable determination letter from the IRS or an application for such a letter is currently being processed by the IRS with respect thereto and, to the knowledge
of the Credit Parties, nothing has occurred which would prevent, or cause the loss of, such qualification. Each ERISA Affiliate have made all required contributions to each Plan subject to Section 412 of the Code, and no application for a
funding waiver or an extension of any amortization period pursuant to Section 412 of the Code has been made with respect to any Plan. 

(b) There are no pending or, to the knowledge of the Credit Parties, threatened claims, actions or lawsuits, or action by any Governmental
Authority, with respect to any Plan that could reasonably be expected to have a Material Adverse Effect. There has been no prohibited transaction or violation of the fiduciary responsibility rules under ERISA with respect to any Plan that has
resulted or could reasonably be expected to result in a Material Adverse Effect. 
 (c) To Borrower’s Knowledge, (i) no ERISA
Event has occurred or is reasonably expected to occur; (ii) no Pension Plan has any Unfunded Pension Liability; (iii) no ERISA Affiliate has incurred, or reasonably expects to incur, any liability under Title IV of ERISA with respect to
any Pension Plan (other than premiums due and not delinquent under Section 4007 of ERISA); (iv) no ERISA Affiliate has incurred, or reasonably expects to incur, any liability (and no event has occurred which, with the giving of notice
under Section 4219 of ERISA, would result in such liability) under Sections 4201 or 4243 of ERISA with respect to a Multiemployer Plan; and (v) no ERISA Affiliate has engaged in a transaction that could be subject to Sections 4069 or
4212(c) of ERISA. 
 5.07. Environmental Matters. 

Except as could not reasonably be expected to have a Material Adverse Effect: 

(a) To Borrower’s Knowledge, each of the Real Property Assets and all operations with respect to each of the Real Property Assets are in
compliance with all applicable Environmental Laws in all material respects and there are no conditions relating to the Real Property Assets or the Businesses of the Borrowers that are likely to give rise to liability to any Borrower under any
applicable Environmental Laws. 
 (b) To Borrower’s Knowledge, none of the Real Property Assets owned by the Borrowers contains, or has
previously contained, any Hazardous Substances at, on or under such property in amounts or concentrations that constitutes a violation of, or could give rise to liability of any Borrowers under, applicable Environmental Laws. 

(c) No Credit Party has received any written or verbal notice of, or inquiry from any Governmental Authority regarding, any violation, alleged
violation, non-compliance, liability or potential liability regarding environmental matters or compliance with Environmental Laws with regard to any of the Real Property Assets owned by the Borrowers or the
Businesses of the Borrowers. 

  
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 (d) No Credit Party has generated, treated, stored or disposed of Hazardous Substances at, on or
under any of the Real Property Assets owned by the Borrowers in violation of, or in a manner that could give rise to liability under, any applicable Environmental Law. To Borrower’s Knowledge, Hazardous Substances have not been transported or
disposed of from the Real Property Assets owned by the Borrowers, in each case by or on behalf of any Borrower, in violation of, or in a manner that is likely to give rise to liability under, any applicable Environmental Law. 

(e) To Borrower’s Knowledge, no judicial proceeding or governmental or administrative action is pending or threatened, under any
Environmental Law to which any Borrower is or will be named as a party, nor are there any consent decrees or other decrees, consent orders, administrative orders or other orders, or other administrative or judicial requirements outstanding under any
Environmental Law with respect to the Borrowers, the Real Property Assets or the Businesses of the Borrowers. 
 5.08. Margin Regulations; Investment
Company Act; Business Loan. 
 (a) No Credit Party is engaged or will engage, principally or as one of its important activities, in
the business of purchasing or carrying margin stock (within the meaning of Regulation U issued by the FRB), or extending credit for the purpose of purchasing or carrying margin stock and no part of the proceeds of the Loan will be used,
directly or indirectly, for the purpose of purchasing or carrying any margin stock. 
 (b) None of the Credit Parties (i) is or is
required to be registered as an “investment company” under the Investment Company Act of 1940 or (ii) is subject to regulation under any other Law which limits its ability to incur the Obligations. 

(c) The proceeds of the Loans have been and shall be used solely for business purposes and in furtherance of the regular business affairs of
the Borrowers, each Loan constitutes a “business loan” as that term is defined in, and for all purposes of, 815 ILCS 205/4(c), and each Loan constitutes a “loan secured by real estate” within the purview and operation of 815 ILCS
205/4(l). 
 5.09. Compliance with Laws. 

(a) Each Credit Party is in compliance in all material respects with the requirements of all Laws and all orders, writs, injunctions and
decrees applicable to it or, to Borrower’s Knowledge, to its properties, except in such instances in which (a) such requirement of Law or order, writ, injunction or decree is being contested in good faith by appropriate proceedings
diligently conducted or (b) the failure to comply therewith, either individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect. 

(b) To Borrower’s Knowledge, each of the Real Property Assets, and the uses of the Real Property Assets, are in compliance in all
material respects with the requirements of all Laws and all orders, writs, injunctions and decrees applicable to the Real Property Assets (including, 

  
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without limitation, building and zoning laws), except in such instances in which (i) such requirement of Law or order, writ, injunction or decree is being contested in good faith by
appropriate proceedings diligently conducted or (ii) the failure to comply therewith, either individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect. 

5.10. Ownership of Property; Liens. 

To Borrower’s Knowledge, each Borrower has good record and insurable title in fee simple to, or valid leasehold interests in, all Real
Property Assets, except for Permitted Liens and such defects in title as could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. The property of the Borrowers is subject to no Liens, other than
Permitted Liens. 
 5.11. Corporate Structure; Capital Stock, Etc. 

As of the Closing Date and with respect to the Credit Parties only, as of each date on which such schedule is subsequently updated pursuant to
the terms hereof through the delivery of a Compliance Certificate, Schedule 5.11 correctly sets forth the corporate structure of Parent Borrower and each of its Subsidiaries (including each of the Credit Parties), as well as the entity
and ownership structure of the Credit Parties and the correct legal name, tax identification number and the jurisdiction of formation of the Credit Parties. Also included on Schedule 5.11 is a listing of the number of shares of each class of
Capital Stock outstanding with respect to each Borrower, the Persons holding equity interests in such Borrowers, their percentage equity or voting interest in the Borrowers and the number and effect, if exercised, of all outstanding options,
warrants, rights of conversion or purchase and all other similar rights with respect thereto. Except as set forth on Schedule 5.11, as of the Closing Date: (i) no Borrower has issued to any third party any securities convertible into any
equity interest in such Borrower, or any options, warrants or other rights to acquire any securities convertible into any such equity interest, and (ii) the outstanding Capital Stock of each Borrower is owned by the Persons indicated on
Schedule 5.11, is validly issued, fully paid and non-assessable, and is free and clear of all Liens, warrants, options and rights of others of any kind whatsoever. Each Person owning a Real
Property Asset is a Borrower hereunder. 
 5.12. Real Property Assets; Leases. 

(a) Schedule 5.12 (as updated pursuant to the terms hereof through the delivery of a Compliance Certificate) is a true and complete
list of (i) the street address of each Real Property Asset, (ii) the Borrower which owns each such Real Property Asset, (iii) the Facility Operating Leases to which each such Real Property Asset is subject, together with the
applicable Eligible Tenant and the termination date of such Facility Operating Lease, (iv) the name and address of the applicable Eligible Tenant and (v) if other than a fee interest correctly sets forth leasehold interest held by each
Borrower in its respective Real Property Asset and properly identifies the Eligible Leases which are ground Leases in existence as of the date hereof with respect to the Real Property Assets, together with the ground lessor(s) and the remaining term
of the Eligible Leases and to Borrower’s Knowledge there is no other ground lease affecting the Real Property Assets. To Borrower’s Knowledge, each parcel of real property identified on Part I of

  
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Schedule 5.12 is a Real Property Asset which is subject to a first priority lien (subject to Permitted Liens) in favor of the Administrative Agent (for the benefit of the Lenders)
pursuant to a properly-recorded Mortgage Instrument. 
 (b) Part II of Schedule 5.12 as
of the Closing Date (as updated upon request of the Administrative Agent but so long as no Event of Default exists, not more than once per year) properly sets forth the names and addresses of all Eligible Tenants with respect to the Real Property
Assets who are, to Borrower’s Knowledge, (i) delinquent in paying any franchise, business, intangible, personal property taxes or real estate taxes due beyond the later of the applicable grace period with respect thereto, if any, and sixty
(60) days and/or (ii) the subject of any Bankruptcy Event. 
 (c) To Borrower’s Knowledge, Part III of
Schedule 5.12 as of the Closing Date (as updated upon request of the Administrative Agent but so long as no Event of Default exists, not more than once per year) properly sets forth all material subleases (excluding commercial leases)
with respect to the Facility Operating Leases relating to any of the Real Property Assets, together with the applicable tenant with respect thereto and the remaining term of the sublease. 

(d) To Borrower’s Knowledge, each of the facilities located on the Real Property Assets owned by the Borrowers complies with the
requirements of Section 6.08 of this Agreement. To Borrower’s Knowledge, no condemnation or condemnation proceeding has been instituted and remained undismissed for a period in excess of thirty (30) consecutive days, in each
case, with respect to a material portion of any Real Property Asset listed as a Real Property Asset on Part I of Schedule 5.12. To Borrower’s Knowledge, no material casualty event has occurred with respect to the improvements located on
any Real Property Asset listed on Part I of Schedule 5.12 which has not been (or, if applicable) will not be able to be fully remediated with available insurance proceeds. 

(e) To Borrower’s Knowledge, no required rental payment, principal or interest payment, payments of real property taxes or payments of
premiums on insurance policies payable to the Borrowers with respect to any Real Property Asset is past due beyond the later of the applicable grace period with respect thereto, if any, and sixty (60) days to the extent that, individually or in
the aggregate, could reasonably be expected to result in a Material Adverse Effect. 
 5.13. Material Contracts; Additional Contractual
Obligations. 
 To Borrower’s Knowledge, Schedule 5.13 (as updated pursuant to the terms hereof through the delivery
of a Compliance Certificate) is a true, correct and complete listing of all Material Contracts as of the Closing Date (other than those set forth on Part III of Schedule 5.12). To Borrower’s Knowledge, no event of default, or event or condition
which with the giving of notice, the lapse of time, a determination of materiality, the satisfaction of any other condition or any combination of the foregoing, would constitute such an event of default, exists with respect to any such Material
Contract that could reasonably be expected to have a Material Adverse Effect. 

  
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 5.14. Investments. 

All Investments of each Borrower are Investments permitted pursuant to Section 7.03. 

5.15. Solvency. 
 The Credit
Parties are Solvent on a consolidated basis. 
 5.16. Taxes. 

The Credit Parties have filed all Federal, material state and other material tax returns and reports required to be filed, and have paid all
Federal, state and other material taxes, assessments, fees and other governmental charges levied or imposed upon them or, to Borrower’s Knowledge, their properties (including all Real Property Assets), income or assets otherwise due and
payable, or caused them to be paid except those (a) which are being contested in good faith by appropriate proceedings diligently conducted and for which adequate reserves have been provided in accordance with GAAP or (b) which the failure
to pay, discharge or insure over could not reasonably be expected to result in a Material Adverse Effect. To Borrower’s Knowledge, there is no proposed tax assessment against any Credit Party that would, if made, have a Material Adverse Effect.
No Credit Party is party to any tax sharing agreement other than agreements entered into in the ordinary course of business, the primary subject matter of which is not Taxes. 

5.17. Insurance. 
 All insurance
coverage of the Borrowers and all insurance coverage of the Eligible Tenants with respect to the Real Property Assets of the Borrowers, in each case, as in existence as of the Closing Date and as of each date on which such schedule is subsequently
updated pursuant to the terms hereof through the delivery of a Compliance Certificate, is described on the certificates delivered to the Administrative Agent and summarized on Schedule 5.17 attached hereto. 

5.18. No Default. 
 (a) To
Borrower’s Knowledge, no Credit Party is in default after all applicable notice and cure periods under or with respect to any Contractual Obligation that individually or in the aggregate could reasonably be expected to have a Material Adverse
Effect. 
 (b) To Borrower’s Knowledge, no Default under this Agreement has occurred and is continuing as of the date hereof. 

5.19. Healthcare; Facility Representations and Warranties. 

(a) Compliance With Healthcare Laws. Without limiting the generality of Section 5.09 hereof or any other representation or
warranty made herein, to Borrower’s Knowledge, no Credit Party and no Eligible Tenant, is in material violation of any applicable Healthcare Laws where such violation would result in a Material Adverse Effect. Except as otherwise set forth on
Schedule 5.19, the Borrowers and, to Borrower’s Knowledge, each of the Eligible Tenants, have maintained in all material respects all records required to be maintained 

  
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by the Joint Commission on Accreditation of Healthcare Organizations, the Food and Drug Administration, Drug Enforcement Agency and State Boards of Pharmacy and the federal and state Medicare and
Medicaid programs as required by the Healthcare Laws and, to Borrower’s Knowledge, there are no notices of material violations of the Healthcare Laws with respect to the Credit Parties, any Eligible Tenant, any material operating subtenant or
any of the Real Property Assets. 
 (b) Licenses, Permits, and Certifications. 

(i) To Borrower’s Knowledge, each Eligible Tenant has such Licenses as are necessary under applicable law or regulations
to own its properties and to conduct its business and to receive reimbursement under the applicable Medicare and Medicaid programs with which such Eligible Tenant participates (including without limitation such permits as are required under such
federal, state and other health care laws, and under similar licensure laws and such insurance laws and regulations, as are applicable thereto), if the failure to obtain such permits, licenses, franchises, certificates and other approvals or
authorizations could reasonably be expected to result in a Material Adverse Effect. Notwithstanding the foregoing, no Borrower is the owner of any licenses or permits required for the provision of Medical Services at any of the Real Property Assets
except as a Short Term Operator. 
 (ii) To Borrower’s Knowledge, each Eligible Tenant has all Medicare, Medicaid and
related agency supplier billing number(s) and related documentation necessary to receive reimbursement from the applicable Medicare and/or Medicaid programs with which such Eligible Tenant participates for any Medical Service furnished by such
Person if the failure to obtain billing number(s) or related documentation could reasonably be expected to result in a Material Adverse Effect. Except as set forth on Schedule 5.19, to Borrower’s Knowledge, each Eligible Tenant that
participates in the Medicare program meets Medicare’s Conditions for Participation and no Eligible Tenant is currently subject to exclusion, suspension, revocation, renewal or denial of its Medicare and/or Medicaid certification, supplier
billing number(s), or Medicare and/or Medicaid participation agreement(s). 
 (iii) Except as set forth on Schedule
5.19, to Borrower’s Knowledge, each of the facilities located on the Real Property Assets owned by the Borrowers are currently accredited by the Joint Commission (formerly the Joint Commission on Accreditation of Healthcare Organizations
(“Joint Commission”)) or any other required Governmental Authority and is duly licensed to operate in the manner currently operated, as required under applicable Laws. In addition, except as set forth on Schedule 5.19,
to Borrower’s Knowledge, each such facility is in compliance in all material respects with the applicable provisions of every Law of any Governmental Authority having jurisdiction over the operation thereof, including, without limitation,
Healthcare Laws and fire safety codes. 
 (c) Medical Services. No Credit Party is in the business of providing Medical Services
except as a Short Term Operator. 

  
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 5.20. Disclosure. 

Each Credit Party has disclosed to the Administrative Agent and the Lenders all agreements, instruments and corporate or other restrictions to
which it or any of its Subsidiaries is subject, and all other matters known to it, that, individually or in the aggregate, could reasonably be expected to result in a Material Adverse Effect. To Borrower’s Knowledge, no report, financial
statement, certificate or other information furnished (whether in writing or orally) by or on behalf (and to the extent such report, financial statement, certificate or other information furnished was obtained by such Credit Party solely through
Seller, to Borrower’s Knowledge) of any Credit Party to the Administrative Agent or any Lender in connection with the transactions contemplated hereby and the negotiation of this Agreement or delivered hereunder or under any other Credit
Document (in each case, as modified or supplemented by other information so furnished) contains any material misstatement of fact or omits to state any material fact necessary to make the statements therein, in the light of the circumstances under
which they were made, not misleading; provided that, with respect to projected financial information, the Credit Parties represent only that such information was prepared in good faith based upon assumptions believed to be reasonable at the
time (it being understood that any such projected financial information is subject to significant uncertainties and contingencies, many of which are beyond the Credit Parties’ control, that no assurance can be given that such projected
financial information will be realized and that actual results may differ from such projected financial information and that such differences may be material). 

5.21. Governmental Authorizations; Other Consents. 

Except for the filings, recordings and other actions necessary to create and perfect the Liens and security interests contemplated hereunder
and under the other Credit Documents, no approval, consent, exemption, authorization, or other action by, or notice to, or filing with, any Governmental Authority or any other Person is necessary or required in connection with the execution,
delivery or performance by, or enforcement against, any Credit Party of this Credit Agreement or any other Credit Document. 
 5.22. Anti-Terrorism
Laws. 
 Neither any Credit Party nor any of its Subsidiaries is an “enemy” or an “ally of the enemy” within the
meaning of Section 2 of the Trading with the Enemy Act of the United States of America (50 U.S.C. App. §§ 1 et seq.) (the “Trading with the Enemy Act”), as amended. Neither any Credit Party nor any of
its Subsidiaries is in violation of (a) the Trading with the Enemy Act, as amended, (b) any of the foreign assets control regulations of the United States Treasury Department (31 CFR, Subtitle B, Chapter V, as amended) or any enabling
legislation or executive order relating thereto or (c) the Patriot Act. Set forth on Schedule 5.22 is the exact legal name of each Credit Party, the state of incorporation or organization, the chief executive office, the principal place
of business, the jurisdictions in which the Credit Parties are qualified to do business, the federal tax identification number and organization identification number of each of the Credit Parties as of the Closing Date (and for the four (4)
months prior to the Closing Date). 

  
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 5.23. Collateral Documents. 

The Collateral Documents create valid security interests in, and Liens on, the Collateral purported to be covered thereby, which security
interests and Liens are currently perfected security interests and Liens, prior to all other Liens other than Permitted Liens which by operation of law or contract would have priority over the Liens securing the Obligations and Liens which are being
contested pursuant to the terms of this Agreement, provided that if any statement in this Section 5.23 is untrue, no Event of Default shall be deemed to have occurred so long as, within three (3) Business Days after so
requested in writing by the Administrative Agent, the applicable Borrower executes and delivers to the Administrative Agent any reasonable documentation or takes such reasonable actions as requested by the Administrative Agent which are necessary to
cure such defect, including bonding or insuring over any such Liens. 
 5.24. OFAC. 

No Consolidated Party or any Affiliate thereof (i) is a Sanctioned Person, (ii) has any of its assets in Sanctioned Countries, or
(iii) derives any of its operating income from investments in, or transactions with, Sanctioned Persons or Sanctioned Countries. No part of the proceeds of the Loan hereunder will be used directly or indirectly to fund any operations in,
finance any investments or activities in or make any payments to a Sanctioned Person or a Sanctioned Country or for any payments to any governmental official or employee, political party, official of a political party, candidate for political
office, or anyone else acting in an official capacity, in order to obtain, retain or direct business or obtain any improper advantage, in violation of the United States Foreign Corrupt Practices Act of 1977, as amended and in effect from time to
time. 
 5.25. Limitation. 

Notwithstanding any provision of this Agreement or the other Credit Documents to the contrary, no Indemnitee will be entitled to
indemnification pursuant to Section 10.04(b) or otherwise as the result of any representation or warranty made by any Borrower in any of the Credit Documents being untrue, incorrect or inaccurate if the Administrative Agent or Seller had actual
knowledge that any such representation or warranty was untrue, incorrect or inaccurate. 
 ARTICLE VI 

AFFIRMATIVE COVENANTS 
 The
Credit Parties hereby covenant and agree with the Administrative Agent and each Lender that until the Obligations (other than indemnification obligations and other contingent obligations for which no claim has been asserted), together with interest,
fees and other obligations hereunder, have been paid in full and the Commitments hereunder shall have terminated: 
 6.01. Financial Statements.

 The Borrowers shall deliver to the Administrative Agent (and the Administrative Agent shall disseminate such information pursuant to
the terms of Section 6.02 hereof), in form and detail reasonably satisfactory to the Administrative Agent: 
 (a) beginning with
the fiscal year ending December 31, 2014, as soon as available, but in any event within ninety (90) days (or within five (5) days of such other time period required by the SEC) after the end of each fiscal year of the REIT Party, a
consolidated balance sheet of the Consolidated Parties as at the end of such fiscal year, and the related consolidated statements of earnings, 

  
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shareholders’ equity and cash flows for such fiscal year (setting forth in each case in comparative form the figures for the previous fiscal year), all in reasonable detail and prepared in
accordance with GAAP, audited and accompanied by a report and opinion of Ernst & Young LLP or another Registered Public Accounting Firm of nationally recognized standing reasonably acceptable to the Required Lenders, which report and
opinion shall be prepared in accordance with generally accepted auditing standards and applicable Securities Laws and shall not be subject to any “going concern” or like qualification or exception or any qualification or exception as to
the scope of such audit. 
 (b) beginning with the fiscal quarter ending March 31, 2015, as soon as available, but in any event within
forty-five (45) days (or within five (5) days of such other time period required by the SEC) after the end of each of the first three (3) fiscal quarters of each fiscal year of the REIT Party, a consolidated balance sheet of the
Consolidated Parties as at the end of such fiscal quarter, and the related consolidated statements of earnings, shareholders’ equity and cash flows for such fiscal quarter and for the portion of the REIT Party’s fiscal year then ended,
setting forth in each case in comparative form the figures for the corresponding fiscal quarter of the previous fiscal year and the corresponding portion of the previous fiscal year, all in reasonable detail and certified by a Responsible Officer of
the REIT Party as fairly presenting the financial condition, results of operations, shareholders’ equity and cash flows of the Consolidated Parties in accordance with GAAP, subject only to normal year-end
audit adjustments and the absence of footnotes; provided, that the Administrative Agent hereby agrees that a Form 10-Q of the REIT Party in form similar to that delivered to the SEC shall satisfy the requirements of this
Section 6.01(b); and 
 (c) beginning with the fiscal quarter ending March 31, 2015, as soon as available, but in any event
within forty-five (45) days (or within five (5) days of such other time period required by the SEC) after the end of each of the first three (3) fiscal quarters of each fiscal year of the REIT Party, a consolidated balance sheet of
the Parent Borrower and its Subsidiaries as of the end of such fiscal quarter, and the related consolidated statements of earnings and cash flows for such fiscal quarter and for the portion of the REIT Party’s fiscal year then ended, all in
reasonable detail and certified by a Responsible Officer of the REIT Party as fairly presenting the financial condition, results of operations and cash flows of the Parent Borrower and its Subsidiaries in accordance with GAAP, subject only to normal
year-end audit adjustments and the absence of footnotes. 
 6.02. Certificates; Other Information.

 The Borrowers shall deliver to the Administrative Agent (and the Administrative Agent shall disseminate such information pursuant to
the terms of this Section 6.02), in form and detail reasonably satisfactory to the Administrative Agent: 
 (a) concurrently
with the delivery of the financial statements referred to in Sections 6.01(a), (b) and (c), a duly completed Compliance Certificate signed by a Responsible Officer of the Parent Borrower or the REIT Party; 

  
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 (b) as soon as available, but in any event within forty-five (45) days after the end of each
fiscal month, sixty (60) days after the end of each fiscal quarter and within 120 days after the end of each fiscal year, the monthly, quarterly and annual reports or statements, respectively, prepared by the respective Eligible Tenants for
each of the Real Property Assets and required to be delivered to Borrowers pursuant to the respective Eligible Lease and such other material reports and information reasonably requested by the Administrative Agent, but excluding (unless otherwise
requested by the Administrative Agent) reports of so-called Medicare, Medicaid or Licensure surveys of the healthcare facilities and correspondence with any Governmental Authority regarding such surveys; and 

(c) reserved; 
 (d) promptly
after any written request by the Administrative Agent, copies of any detailed audit reports, management letters or non-confidential recommendations submitted to the board of directors by the independent accountants of the REIT Party (or the audit
committee of the board of directors of the REIT Party) in respect of the REIT Party (and, to the extent any such reports, letters or recommendations are prepared separately for any one or more of the Borrowers, such Borrower(s)) by independent
accountants in connection with the accounts or books of the REIT Party (or such Borrower(s)) or any audit of the REIT Party (or such Borrower(s)); 

(e) promptly after the same are available, (i) to the extent required to be filed with the SEC under Section 13 or 15(d) of the
Securities Exchange Act of 1934, or provided to a holder of any Indebtedness owed by the REIT Party in its capacity as such holder and not otherwise required to be delivered to the Administrative Agent pursuant hereto, copies of each annual report,
proxy or financial statement or other report or communication sent to the stockholders of the REIT Party, and copies of all annual, regular, periodic and special reports and registration statements of the REIT Party and (ii) upon the written
request of the Administrative Agent, all reports and other written information (other than non-material information) to and from the United States Environmental Protection Agency, or any state or local agency responsible for environmental matters,
the United States Occupational Health and Safety Administration, or any state or local agency responsible for health and safety matters, or any successor agencies or authorities concerning violations or proceedings involving environmental, health or
safety matters; 
 (f) promptly upon receipt thereof, a copy of any other final report or “management letter” submitted by
independent accountants to the REIT Party or any Credit Party in connection with any annual, interim or special audit of the books of the REIT Party (or any such Credit Party(ies)); 

(g) promptly upon any Responsible Officer of any Credit Party becoming aware thereof, notice of (i) any matter that has resulted or could
reasonably be expected to result in a Material Adverse Effect and (ii) any other Default or Event of Default; and 

  
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 (h) promptly, such additional information regarding the business, financial or corporate affairs
of the Borrowers, or compliance with the terms of the Credit Documents, as the Administrative Agent or any Lender (through the Administrative Agent) may from time to time reasonably request. 

Documents required to be delivered pursuant to Section 6.01(a) or (b) or Section 6.02(b), (c),
(d), (e) or (f)(i) may be delivered electronically and if so delivered, shall be deemed to have been delivered (i) on the date on which the Credit Parties post such documents, or provides a link thereto on the REIT
Party’s website on the Internet at the website address listed on Schedule 10.02; or (ii) on the earlier of the date on which such documents are delivered to Administrative Agent or posted on the Credit Parties’ behalf on
an Internet or intranet website, if any, to which each Lender and the Administrative Agent have access (whether a commercial, third-party website or whether sponsored by the Administrative Agent); provided
that: (A) the Borrowers shall deliver paper copies of such documents to the Administrative Agent or any Lender that requests the Borrowers to deliver such paper copies until a written request to cease delivering paper copies is given by the
Administrative Agent or such Lender and (B) the Borrowers shall notify the Administrative Agent and each Lender (either by telecopier or electronic mail or through the Administrative Agent) of the posting of any such documents and provide to
the Administrative Agent by electronic mail electronic versions (i.e., soft copies) of such documents. The Administrative Agent shall have no obligation to request the delivery or to maintain copies of the documents referred to above, and in any
event shall have no responsibility to monitor compliance by the Credit Parties with any such request for delivery, and each Lender shall be solely responsible for requesting delivery to it or maintaining its copies of such documents. Administrative
Agent and Lenders acknowledge and agree that any documents required to be delivered pursuant to Section 6.01(a) or (b) or Section 6.02(b), (c), (d), (e) or (f) shall be deemed delivered to Administrative
Agent and Lenders is and when filed with the SEC. 
 The Credit Parties hereby acknowledge that (x) the Administrative Agent will make
available to the Lenders materials and/or information provided by or on behalf of the Credit Parties hereunder (collectively, the “Borrower Materials”) by posting the Borrower Materials on IntraLinks or another similar electronic
system (the “Platform”) and (y) certain of the Lenders (each, a “Public Lender”) may have personnel who do not wish to receive material non-public information with respect to the Credit Parties or their
Affiliates, or the respective securities of any of the foregoing, and who may be engaged in investment and other market-related activities with respect to such Person’s securities. Each of the Credit Parties hereby agrees that (ww) all Borrower
Materials that are to be made available to Public Lenders shall be clearly and conspicuously marked “PUBLIC” which, at a minimum, shall mean that the word “PUBLIC” shall appear prominently on the first page thereof (xx) by
marking Borrower Materials “PUBLIC,” the Credit Parties shall be deemed to have authorized the Administrative Agent and the Lenders to treat such Borrower Materials as not containing any material non-public information with respect to the
Credit Parties or their securities for purposes of United States federal and state securities laws (provided, however, that to the extent such Borrower Materials constitute Information, they shall be treated as set forth in
Section 10.07); (yy) all Borrower Materials marked “PUBLIC” are permitted to be made available through a portion of the Platform designated as “Public Investor;” and (zz) the Administrative Agent shall be entitled to
treat any Borrower Materials that are not marked “PUBLIC” as being suitable only for posting on a portion of the Platform not marked as “Public Investor.” Notwithstanding the foregoing, the

  
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Credit Parties shall be under no obligation to mark any Borrower Materials “PUBLIC”, and if any Borrower Materials are not stamped “PUBLIC”, such Borrower Materials shall be
deemed to be private. Each Lender shall have open and free access to the Platform, and Administrative Agent shall promptly post all materials and notices received from Borrower and/or any material notices delivered by Administrative Agent to
Borrowers (including without limitation any notices of any Event of Default) to the Platform. 
 6.03. Preservation of Existence and Franchises.

 Each Credit Party will do all things necessary to preserve and keep in full force and effect its existence, rights, franchises and
authority. Each Credit Party shall remain qualified and in good standing in each jurisdiction in which it is required to so qualify. 
 6.04. Books
and Records. 
 Each Credit Party will maintain proper books of record and account, in which full, true and correct entries in
conformity with GAAP consistently applied shall be made of all financial transactions and matters involving the assets and business of such Credit Party. 

6.05. Compliance with Law. 
 Each
Credit Party will comply in all material respects with the requirements of all Laws and all orders, writs, injunctions and decrees (including, without limitation, building and zoning laws and all Healthcare Laws) applicable to it or to its business
or property (including, without limitation, each Real Property Asset owned by any Borrower), except in such instances in which (a) such requirement of Law or order, writ, injunction or decree is being contested in good faith by appropriate
proceedings diligently conducted; or (b) the failure to comply therewith could not reasonably be expected to have a Material Adverse Effect. 

6.06. Payment of Obligations. 

Each Credit Party will pay, discharge or insure over (or cause to be paid, discharged or insured over) (a) all tax liabilities,
assessments and governmental charges or levies upon it or its properties or assets arising from and after the Closing Date (including, without limitation, each Real Property Asset owned by any Borrower), unless (i) the same are being contested
in good faith by appropriate proceedings diligently conducted and adequate reserves in accordance with GAAP are being maintained by such Credit Party or (ii) failure to pay, discharge or insure over could not reasonably be expected to result in
a Material Adverse Effect and (b) all lawful claims arising from and after the Closing Date which, if unpaid, would by law become a Lien (other than a Permitted Lien) upon its property, subject to rights of contest as set forth in
Section 7.01; provided, in each case, subject to Borrower’s right to contest in good faith by appropriate legal proceeding and with reasonable diligence the validity of such payment unless the failure to make any such payment
could give rise to an immediate right to foreclosure on a Lien securing such amounts in respect of any Real Property Assets. 

  
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 6.07. Insurance. 

In addition to the requirements of any of the other Credit Documents, the Credit Parties shall maintain, or with respect to any Real Property
Asset leased by a Borrower to an Eligible Tenant, cause the applicable Eligible Tenant, to maintain, with financially sound and reputable insurance companies not Affiliates of any Credit Party, insurance with respect to its properties and business
against loss or damage of the kinds customarily insured against by Persons engaged in the same or similar business, of such types and in such amounts required under the terms of the Facility Operating Leases. The Administrative Agent shall be named
as loss payee or mortgagee, as its interest may appear, and/or additional insured with respect to any insurance procured with respect to the Real Property Assets and each provider of any such insurance shall agree, by endorsement upon the policy or
policies issued by it or by independent instruments furnished to the Administrative Agent, that it will give the Administrative Agent thirty (30) days prior written notice (ten (10) days for nonpayment) (or, if such notice provisions
become generally unacceptable and unavailable in the marketplace for Persons engaged in the same or similar business, such other commercially reasonable notice provisions generally accepted in the market for such Persons) before any such policy or
policies shall be canceled. 
 6.08. Maintenance of Property. 

In addition to the requirements of any of the other Credit Documents, the Borrowers shall protect and preserve, or cause to be protected and
preserved, pursuant to the terms of the Facility Operating Leases, all Real Property Assets so as to maintain, or cause to be maintained, in good working order and condition all Real Property Assets, ordinary wear and tear, casualty and condemnation
excepted. 
 6.09. Visit and Inspections. 

Each Credit Party shall, subject to the rights of the tenants under the Facility Operating Leases, permit the Administrative Agent to inspect
such Borrower’s properties and operations at all reasonable times with reasonable notice (which notice shall also be provided to the Lenders) (or at any time without notice if an Event of Default exists); provided, however, prior
to an Event of Default, no more than one inspection per property per fiscal year shall be conducted by the Administrative Agent (but after any such Event of Default, there shall be no such limitation on the number of inspections during any fiscal
year); provided, further, that during any such inspection, (a) an officer or representative of Borrowers and (b) representatives of the Lenders, will be permitted to accompany the Administrative Agent or any representative
thereof. 
 6.10. Use of Proceeds. 

The Borrowers shall use the proceeds of the Loan (a) to repay existing indebtedness and fund the Laurel Acquisition on the Closing Date,
(b) to pay fees, costs and expenses required to be paid pursuant to Section 4.01 or otherwise incurred in connection with this Agreement and the transactions contemplated hereby (including the Laurel Acquisition), and (c) for working
capital, capital expenditures, permitted investments and other general corporate purposes not in contravention of any Requirement of Law and not in violation of this Agreement. 

  
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 6.11. Environmental Matters. 

(a) Each of the Credit Parties shall comply or shall cause the Eligible Tenants to comply in all material respects with all Environmental Laws
in respect of the Real Property Assets. The Credit Parties shall promptly take (or cause the Eligible Tenant to take) all actions reasonably necessary to prevent the imposition of any Liens on any of the Real Property Assets arising out of or
related to any Environmental Laws. 
 (b) In respect of any Real Property Asset, each Credit Party shall comply in all material respects
with the provisions of the Hazardous Materials Indemnity Agreement. 
 6.12. Covenant to Give Security. 

(a) Upon the acquisition, incorporation or other creation of any direct or indirect Subsidiary of Parent Borrower which owns or is to own a
Real Property Asset, the Credit Parties shall (i) cause such Subsidiary to become a Borrower hereunder through the execution and delivery to the Administrative Agent of a Borrower Joinder Agreement on or before the earlier of (A) the date
on which a Real Property Asset is acquired by such Subsidiary and (B) the deadline for the delivery of the next Compliance Certificate pursuant to Section 6.02(a), and (ii) cause such Subsidiary to deliver such other
documentation as the Administrative Agent may reasonably request, within fifteen (15) days of such request, in connection with the foregoing, including, without limitation, certified resolutions and other organizational and authorizing
documents of such Subsidiary, favorable opinions of counsel to such Subsidiary (which shall cover, among other things, the legality, validity, binding effect and enforceability of the documentation referred to above), all in form, content and scope
reasonably satisfactory to the Administrative Agent. Notwithstanding the foregoing, no such Subsidiary may become a Borrower in accordance with the terms of this clause (a) unless and until the Lenders have received from the Borrowers any such
documentation and other information requested by the Administrative Agent or any Lender pursuant to Section 10.19. 
 (b) The
Borrowers shall at all times subject all Real Property Assets and all of their respective personal property to first priority Liens (subject in any case to Permitted Liens) in favor of the Administrative Agent to secure the Obligations pursuant to
the terms and conditions of the Credit Documents and deliver all Real Property Asset Deliverables (and any updates to any of the information or materials delivered as a portion thereof) and such other documentation as the Administrative Agent shall
reasonably request, all in form, content and scope reasonably satisfactory to the Administrative Agent. In furtherance of the Borrowers’ obligations under this Section 6.12, each of the Borrowers hereby agree that they shall, from
time to time, at their own expense, promptly execute, deliver, file and/or record all further instruments and documents, and take all further action, that may be necessary, or that the Administrative Agent may reasonably request (including, without
limitation, the procurement of landlord consents with respect to the assignment of the applicable Borrower’s interests in any Real Property Assets), in order to (a) properly evidence the Borrowers’ Obligations hereunder or under any
Credit Document or (b) perfect, continue and protect the Liens and security interests granted or purported to be granted by any Collateral Documents and to enable the Administrative Agent to exercise and enforce its rights and remedies
hereunder and under any other Credit Document with respect to any Collateral. The applicable Borrower(s) shall promptly deliver to the Administrative Agent a copy of each such instrument and evidence of its proper filing or recording, as necessary.

  
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 6.13. Further Assurances. 

Each Credit Party shall, promptly upon request by the Administrative Agent, or any Lender through the Administrative Agent, (a) correct
any material defect or error that may be discovered in any Credit Document or in the execution, acknowledgment, filing or recordation thereof, and (b) do, execute, acknowledge, deliver, record, re-record, file, re-file, register and re-register
any and all such further acts, deeds, certificates, assurances and other instruments as the Administrative Agent, or any Lender through the Administrative Agent, may reasonably require from time to time in order to (i) carry out more
effectively the purposes of the Credit Documents, (ii) to the fullest extent permitted by applicable law, subject any Credit Party’s or any of its Subsidiaries’ properties, assets, rights or interests to the Liens now or hereafter
intended to be covered by any of the Collateral Documents, (iii) perfect and maintain the validity, effectiveness and priority of any of the Collateral Documents and any of the Liens intended to be created thereunder and (iv) assure,
convey, grant, assign, transfer, preserve, protect and confirm more effectively unto the Administrative Agent the rights granted or now or hereafter intended to be granted to the Administrative Agent under any Credit Document or under any other
instrument executed in connection with any Credit Document to which any Credit Party is or is to be a party. 
 6.14. Compliance With Material
Contracts. 
 To the extent the failure to do so could reasonably be expected to result in a Material Adverse Effect, each Credit
Party shall perform and observe all the terms and provisions of each Material Contract to be performed or observed by it, maintain each such Material Contract in full force and effect, enforce each such Material Contract in accordance with its
terms, take all such action to such end as may be from time to time requested by the Administrative Agent and, upon request of the Administrative Agent, make to each other party to each such Material Contract such demands and requests for
information and reports or for action as any Credit Party is entitled to make under such Material Contract. 
 6.15. Appraisals. 

The Credit Parties agree that the Administrative Agent shall have the right, at its own expense, prior to the Maturity Date, to request
appraisals, and if requested by the Required Lenders, Administrative Agent shall request appraisals, with respect to the Real Property Assets, that the Administrative Agent shall engage all appraisers with respect to such appraisals;
provided, however, that after the occurrence and during the continuance of an Event of Default, the Credit Parties shall pay or reimburse to the Administrative Agent all reasonable and documented costs and expenses associated therewith to the
extent required by and subject to the provisions of Section 10.04 hereof. 

  
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 6.16. Facility Leases. 

The Borrowers shall, and shall cause each Eligible Tenant to, perform and observe all the material terms and provisions of each Facility
Operating Lease to be performed or observed by it. 
 6.17. Anti-Terrorism Laws. 

None of the Credit Parties nor any of their respective Affiliates (a) will conduct any business or will engage in any transaction or
dealing with any Prohibited Person, including making or receiving any contribution of funds, goods or services to or for the benefit of any Prohibited Person, (b) will deal in, or will engage in any transaction relating to, any property or
interests in property blocked pursuant to the Executive Order; or (c) will engage in or will conspire to engage in any transaction that evades or avoids, or has the purpose of evading or avoiding, or attempts to violate, any of the prohibitions
set forth in the Executive Order or the Patriot Act. The Borrower covenants and agrees to execute and/or deliver to Administrative Agent any certification or other evidence reasonably requested from time to time by Administrative Agent, confirming
the Borrower’s compliance with this Section including, without limitation, any documentation which is necessary for ongoing compliance with any anti-money laundering Laws applicable to any Lender. 

6.18. Health Care Covenants. 

Without limiting the generality of the provisions of Section 6.05, the Borrower hereby represents, covenants and agrees as follows:

 (a) If and to the extent required under applicable Laws, Borrower shall cause each Eligible Tenant to maintain in full
force and effect a valid certificate of need (“CON”) or similar License issued by the State Regulator for the requisite number of Licensed Beds in the Real Property Assets, and a provider agreement or other required
documentation of approved provider status for each provider payment or reimbursement program with which such Eligible Tenant participates, if applicable except the extent to which any such failure to maintain could reasonably be expected to have a
Material Adverse Effect. Borrower shall cause each Eligible Tenant to operate the Real Property Assets in a manner such that the Licenses shall remain in full force and effect except the extent to which any such failure to maintain could reasonably
be expected to have a Material Adverse Effect. To Borrowers Knowledge, true and complete copies of the Licenses have been delivered to Lender. 

(b) [Reserved]. 
 (c) Borrower
shall not do, and shall not permit any Eligible Tenant to do (or suffer to be done), any of the following with respect to the Real Property Assets: 

(i) Rescind, withdraw, revoke, or amend the number of Licensed Beds permitted under the Licenses or approved by the State
Regulator otherwise amend the Licenses in such a manner that results in a Material Adverse Effect; 

  
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 (ii) Amend or otherwise change the number of Licensed Beds approved by the State
Regulator in such a manner that results or could reasonably be expected to result in a Material Adverse Effect; or 
 (iii)
Replace or transfer all or any part of any Real Property Asset’s Licensed Beds to another site or location other than another Real Property Asset; 

6.19. Use and Application of Insurance Proceeds. 

(a) Notice. If any Real Property Asset shall be damaged or destroyed, in whole or a substantial part, by fire or other casualty (a
“Casualty”), the Borrowers shall give prompt notice thereof to the Administrative Agent. 
 (b) Application of
Insurance Proceeds. Following a Casualty, the Administrative Agent shall pay the insurance proceeds to Borrowers to apply toward the rebuilding and restoration of the improvements on the affected Real Property Asset, provided that
(A) at all times during such restoration no Event of Default exists; (B) the applicable Borrower promptly commences (or causes any Tenant to commence) and is diligently pursuing the settlement of the insurance claim and the restoration of
the Real Property Asset (or requires the applicable Operating Tenant to do so); and (C) the affected Real Property Asset after the restoration will be in compliance with and permitted under all applicable Laws, including zoning, building and
land use laws, rules, regulations and ordinances. So long as an Event of Default exists, however, the insurance proceeds shall be paid to the Administrative Agent and if the applicable Facility Operating Lease is not terminated as a result of the
Casualty, the Administrative Agent shall make such insurance proceeds available to the Eligible Tenant on the same terms and conditions as set forth in the applicable Facility Operating Lease. In the event the applicable Facility Operating Lease is
terminated and an Event of Default exists, then, in the Administrative Agent’s reasonable discretion, the Administrative Agent may apply any insurance proceeds it may receive to Obligations owing under the Credit Documents in such order and
manner as the Administrative Agent in its sole discretion determines, or allow all or a portion of such proceeds to be used for the restoration of the affected Real Property Asset. 

6.20. Condemnation Awards. 

To the extent a Borrower receives written notice thereof, the Borrower shall promptly give the Administrative Agent written notice of the
actual or threatened commencement of any condemnation or eminent domain proceeding affecting all or any substantial portion of a Real Property Asset (a “Condemnation”) and shall deliver to the Administrative Agent copies of
any and all papers served in connection with such Condemnation. Following the occurrence of a Condemnation, so long as an Event of Default does not exist, the Borrower shall be entitled to receive any award or compensation (an
“Award”) paid in connection with the Condemnation and decide whether or not (and to what extent) to restore, repair, replace or rebuild the affected Real Property Asset. Upon the written request of the Administrative Agent,
the applicable Borrower shall keep the Administrative Agent informed of the progress of the Condemnation proceedings, including delivering to the Administrative Agent documents which are reasonably necessary for the Administrative Agent be properly
informed. So long as no Event of Default exists, the applicable Borrower may settle such Condemnation in such manner and for such amount as 

  
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Borrower determines is acceptable in its reasonable judgment. So long as an Event of Default exists, however, without the Administrative Agent’s prior consent, the Borrower (a) shall
not agree to any Award, and (b) shall not take any action or fail to take any action which would cause the Award to be determined and all Awards for the taking or purchase in lieu of condemnation of any Real Property Asset or any part thereof
in such circumstances shall be assigned and paid to the Administrative Agent. If the applicable Facility Operating Lease is not terminated, then, to the extent the Administrative Agent receives the Award, the Administrative Agent shall make such
Award available to the applicable Eligible Tenant under the terms and conditions of its Facility Operating Lease. Anything herein to the contrary notwithstanding, if an Event of Default exists and the applicable Facility Operating Lease is
terminated, the Administrative Agent is authorized to adjust such Award without the consent of the Borrower and to collect such Award in the name of the Administrative Agent and the Borrower. In such event and in the Administrative Agent’s
reasonable discretion, the Administrative Agent may apply any such Award it may receive to Obligations owing under the Credit Documents in such order and manner as the Administrative Agent in its sole discretion determines, or allow all or a portion
of such Award to be used for the restoration of the affected Real Property Asset. 
 ARTICLE VII 

NEGATIVE COVENANTS 
 The
Credit Parties hereby covenant and agree with the Administrative Agent and each Lender that until the Obligations (other than indemnification obligations and other contingent obligations for which no claim has been asserted), together with interest,
fees and other obligations hereunder, have been paid in full and the Commitments hereunder shall have terminated: 
 7.01. Liens. 

With the exception of Permitted Liens, no Borrower shall, at any time, create, incur, assume or suffer to exist any Lien upon any of its
property, assets or revenues, whether now owned or hereafter acquired, or sign or file or suffer to exist under the Uniform Commercial Code of any jurisdiction a financing statement that names any Borrower as debtor, or assign any accounts or other
right to receive income (provided, however, that Borrowers shall have the right to contest in good faith by appropriate legal proceeding and with reasonable diligence the validity of any such Lien provided that Borrowers
(a) deposit with Administrative Agent, in cash, an amount equal to the Lien plus any interest and penalties which in Administrative Agent’s reasonable judgment may accrue thereon during such contest, or (b) delivers to Administrative
Agent (i) an endorsement to the applicable title policy insuring over the exception created by the Lien or (ii) evidence that such Lien has been bonded over in form and substance acceptable to Administrative Agent in its reasonable
discretion, within twenty (20) days of written notice by Administrative Agent to Borrowers of the existence of the Lien). No Lien shall be created upon the Capital Stock of Parent Borrower or any other Borrower. 

7.02. Indebtedness. 
 No Borrower
shall create, incur, assume or suffer to exist any Indebtedness, except: 
 (a) Indebtedness under the Credit Documents; 

  
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 (b) Indebtedness of the Borrowers set forth in Schedule 7.02 (and renewals, refinancings
and extensions thereof); provided that (i) the amount of such Indebtedness is not increased at the time of such refinancing, refunding, renewal or extension except by an amount equal to a reasonable premium or other reasonable amount
paid, and fees and expenses reasonably incurred, in connection with such refinancing and by an amount equal to any existing commitments unutilized thereunder and capitalized interest or reserves relating thereto and (ii) the terms relating to
principal amount, amortization, maturity, collateral (if any) and subordination (if any), and other material terms taken as a whole, of any such refinancing, refunding, renewing or extending Indebtedness, and of any agreement entered into and of any
instrument issued in connection therewith, are no less favorable in any material respect to the Borrowers or the Lenders than the terms of any agreement or instrument governing the Indebtedness being refinanced, refunded, renewed or extended and the
interest rate applicable to any such refinancing, refunding, renewing or extending Indebtedness does not exceed the then applicable market interest rate; 

(c) unsecured intercompany Indebtedness of any Borrower to any Credit Party; provided, that such Indebtedness be expressly subordinated
in all respects to the Obligations on terms reasonably acceptable to the Administrative Agent; 
 (d) obligations (contingent or otherwise)
of any Borrower or any Subsidiary thereof existing or arising under any Swap Contract to the extent the same is solely to mitigate the risks associated with a rise in the Contract Rate hereunder, provided that (i) such obligations are
(or were) entered into by such Person in the ordinary course of business for the purpose of directly mitigating risks associated with liabilities, commitments, investments, assets, or property held or reasonably anticipated by such Person, or
changes in the value of securities issued by such Person, and not for purposes of speculation or taking a “market view;” (ii) such Swap Contract is otherwise in form and substance reasonably satisfactory to the Administrative Agent,
(iii) the aggregate Indebtedness covered by all Secured Pari Swap Contracts does not exceed $200,000,000, (iv) payment of the obligations under all Secured Subordinated Swap Contracts are subordinated to the payment of the Obligations
(excluding Secured Subordinated Swap Contracts) on terms satisfactory to the Administrative Agent, (iii) the aggregate Indebtedness covered by all Secured Pari Swap Contracts does not exceed $200,000,000, (iv) payment of the obligations
under all Secured Subordinated Swap Contracts is subordinated to the payment of, and the Liens securing the Obligations (excluding Secured Subordinated Swap Contracts) on terms reasonably satisfactory to the Administrative Agent, and (v) the
aggregate Indebtedness covered by all Secured Swap Contracts does not exceed the Aggregate Commitment hereunder; 
 (e) obligations
(contingent or otherwise) of any Borrower or any Subsidiary thereof existing or arising under any Support Obligations of any Credit Party, provided that such obligations (i) are (or were) entered into by such Person in the ordinary course of
business and (ii) are expressly subordinated in all respects to the Obligations on terms reasonably acceptable to the Administrative Agent. 

(f) trade payables or other Indebtedness incurred in the ordinary course of business; 

  
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 (g) other unsecured Indebtedness in an aggregate principal amount not to exceed the Threshold
Amount in the aggregate for all Borrowers at any one time outstanding; and 
 (h) guarantees with respect to Indebtedness permitted under
clauses (a) through (g) of this Section 7.02. 
 7.03. Investments. 

No Borrower shall make any Investments, except: 

(a) Investments held by any Borrower in the form of cash or Cash Equivalents; 

(b) Investment in any other Credit Party; 

(c) Investments constituting bank deposits made in the ordinary course of business; 

(d) Investments made from funds that could otherwise be distributed from Borrowers pursuant to the terms of this Credit Agreement; 

(e) Investment constituting Indebtedness that is otherwise permitted hereunder; 

(f) Investments existing as of the Closing Date and set forth in Schedule 7.03; 

(g) Guarantees permitted by Section 7.02; 

(h) acquisitions of personal property in the ordinary course of business to the extent required to continue to operate the Borrowers’
Businesses in the manner in which they are currently being operated; 
 (i) Investments as contemplated in Section 9.12; 

(j) providing tenant improvement loans to Eligible Tenants; 

(k) providing working capital loans to Eligible Tenants so long as the obligation of the Eligible Tenant to make payments on such loan is
subordinated to such Eligible Tenant’s obligation to make rental payments under its Facility Operating Leases on terms and conditions reasonably satisfactory to the Administrative Agent; 

(l) New Real Property Assets pursuant to the terms of Section 9.12; and 

(m) Investments of a nature not contemplated in the foregoing clauses in an amount not to exceed the Threshold Amount in the aggregate for all
Borrowers at any time outstanding. 
 7.04. Fundamental Changes. 

No Credit Party shall merge, dissolve, liquidate, consolidate with or into another Person; except that so long as no Default exists or would
result therefrom, (a) any Borrower may merge or consolidate with any other Borrower (or any Person which then becomes a Borrower) and (b) any Consolidated Party (other than the REIT Party and each Borrower) which is not a Credit Party may
be merged or consolidated with or into any Credit Party provided that such Credit Party shall be the continuing or surviving corporation. 

  
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 7.05. Dispositions. 

The Borrowers shall not make any sale, transfer or other Disposition of (i) any Real Property Asset, except to the extent permitted
pursuant to Section 9.11, or 9.12, or 9.13 hereof; or (ii) any other material assets of the Borrowers unless (A) such sale, transfer or other disposition is (1) performed in the ordinary course of the
Borrowers’ Business or (2) of assets that are obsolete, worn out or no longer useful in the Borrower’s Business or (B) the consideration paid in connection with such other material assets (1) is in cash or Cash Equivalents,
(2) is in an amount not less than the fair market value of the Property disposed of and (3) does not exceed, in the aggregate during any calendar year (for the all Borrowers and all such sales, leases, transfers or other dispositions)
$500,000. To the extent no Default or Event of Default has occurred and is continuing, the Administrative Agent shall release any Lien upon any property sold, leased, transferred or otherwise disposed of in accordance with the provisions of this
Section 7.05. Except in connection with a transaction permitted by Section 9.11, 9.12, or 9.13, the Parent Borrower shall not, in any case, transfer, sell, lease, pledge or otherwise dispose of the Capital Stock of the
Borrowers held by it without the prior written consent of the Administrative Agent (which consent may be granted or withheld in the sole discretion of the Administrative Agent). 

7.06. Business Activities. 
 No
Borrower shall engage in any business activities other than (a) directly or indirectly, as applicable, owning, developing, managing and providing secured financing for real and personal property and similar interests in leasehold properties
which are owned by or net leased to healthcare operators for use as Healthcare Facilities as a Short Term Operator, (b) providing tenant improvement and working capital loans to Eligible Tenants or (c) any business activities that are
similar, reasonably related, incidental, ancillary or complementary thereto. Notwithstanding anything contained in this Agreement to the contrary, no provision of this Agreement shall prohibit the direct and indirect owners of the Parent Borrower
from consummating a public offering of the Capital Securities or from issuing Capital Securities of the direct and indirect owners of the Parent Borrower to any Person or otherwise becoming a publicly traded entity and such actions shall not
constitute a Default or Event of Default, provided that the Borrowers are in compliance with the applicable terms of this Agreement. 
 7.07.
Transactions with Affiliates and Insiders. 
 No Borrower shall, at any time, enter into any transaction of any kind with any
Affiliate of any Borrower, whether or not in the ordinary course of business, other than on fair and reasonable terms substantially as favorable to such Borrower as would be obtainable by such Borrower at the time in a comparable arm’s length
transaction with a Person other than an Affiliate; provided that this Section 7.07 shall not prohibit (a) loans and other transactions by and among the Credit Parties to the extent permitted under this Article VII;
(b) so long as no Event of Default exists and is continuing, any dividend or distribution; provided that nothing in this clause (b) shall restrict Borrowers from making any dividend or distribution necessary to maintain the

  
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REIT Party’s status as a REIT under the Internal Revenue Code; (c) the issuance of Equity Interests not prohibited under this Agreement; (d) the making of any expense reimbursement
and employment, severance and compensation arrangements entered into by any Credit Party with their respective directors, officers, employees, members of management and consultants in the ordinary course of business; and (e) the payment of
reasonable and customary fees paid to, and indemnities provided on behalf of, officers, directors, employees or consultants of the Credit Parties or any direct or indirect parent companies of the Credit Parties. 

7.08. Organization Documents; Fiscal Year. 

No Credit Party shall (a) without the approval of the Administrative Agent in its reasonable discretion amend, modify or change its
organization documents other than minor, technical amendments not adverse to the Lenders or (b) without the approval of the Administrative Agent change its fiscal year. 

7.09. Ownership of Subsidiaries. 

Except as otherwise permitted under the provisions of this Credit Agreement, (a) no Borrower shall own any Capital Stock of any other
entity other than Parent Borrower’s ownership of Property Borrower; (b) a REIT Party shall own, directly or indirectly, a majority of the Capital Stock of the Parent Borrower; (c) no Person other than the Parent Borrower shall own any
Capital Stock of the Property Borrower; and (d) no Borrower shall permit, create, incur, assume or suffer to exist any Lien on any Capital Stock of any Borrower. 

7.10. No Further Negative Pledges. 

No Borrower will enter into, assume or become subject to any Negative Pledges or agreement prohibiting or otherwise restricting the existence
of any Lien upon any of its property in favor of the Administrative Agent (for the benefit of the Lenders) for the purpose of securing the Obligations, whether now owned or hereafter acquired, or requiring the grant of any security for any
obligation if such property is given as security for the Obligations, except (a) in connection with any Permitted Lien or any document or instrument governing any Permitted Lien, provided that any such restriction contained therein relates only
to the asset or assets subject to such Permitted Lien, and (b) pursuant to customary restrictions and conditions contained in any agreement relating to the sale of any property permitted under Section 7.05, pending the consummation
of such sale. 
 7.11. Limitation on Restricted Actions. 

The Borrowers will not directly or indirectly, create or otherwise cause or suffer to exist or become effective any encumbrance or restriction
on the ability of any such Person to (a) pay dividends or make any other distributions indirectly to the REIT Party on its Capital Stock or with respect to any other interest or participation in, or measured by, its profits, (b) pay any
Indebtedness or other obligation owed to any Credit Party, (c) make loans or advances to any Credit Party, (d) sell, lease or transfer any of its properties or assets to any Credit Party, or (e) act as a Borrower and pledge its assets
pursuant to the Credit Documents or any renewals, refinancings, exchanges, refundings or extension thereof, except (in respect of any of the matters referred to in clauses (a)-(d) above) for such
encumbrances or restrictions existing under or by 

  
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reason of (i) this Credit Agreement and the other Credit Documents, (ii) applicable Law, (iii) any Lien or any documentation or instrument governing any Lien permitted under
Section 7.01 provided that any such restriction contained therein relates only to the asset or assets subject to such Lien, (v) customary restrictions and conditions contained in any agreement relating to the sale of any Real
Property Assets permitted under Section 7.05, pending the consummation of such sale or (vi) customary restrictions and conditions contained in any joint ownership agreement such as a partnership agreement or joint venture agreement.

 7.12. Accounting Changes. 
 No
Borrower shall make any change in (a) accounting policies or reporting practices, except as required by GAAP, or (b) fiscal year. 

ARTICLE VIII 
 EVENTS OF
DEFAULT AND REMEDIES 
 8.01. Events of Default. 

Any of the following shall constitute an Event of Default (“Event of Default”): 

(a) Non Payment. The Borrowers or any other Credit Party fails to pay (i) when and as required to be paid herein, any amount of
principal of any Loan, (ii) within three (3) Business Days after the same becomes due, any interest on any Loan or any fee due hereunder, or (iii) within five (5) Business Days after the earlier of (A) a Responsible Officer
becoming aware that the same has become due or (B) written notice from the Administrative Agent to the Borrowers, any other fee payable herein or any other amount payable herein or under any other Credit Document becomes due; or 

(b) Specific Covenants. The Borrowers (or Credit Parties, as applicable) fail to perform or observe any term, covenant or agreement
contained in any of Sections 6.03, 6.07 (provided that with respect to property level insurance provided by Eligible Tenants such failure relates to two or more Real Property Assets), 6.10, 6.12(a) or (b), or
Article VII; or 
 (c) Other Defaults. (i) The Borrowers (or Credit Parties, as applicable) fail to perform or observe
any term, covenant or agreement contained in any of Sections 6.01 or 6.02 (other than Section 6.02(b)) and such failure continues for five (5) days, (ii) any Credit Party fails to perform or observe or, with respect to
Section 6.16, to cause an Eligible Tenant to observe or perform as applicable, any other covenant or agreement (not specified in subsection (a), (b) or (c)(i) above) contained in any Credit Document on its part to be performed or
observed and such failure continues for thirty (30) days after the earlier of (A) a Responsible Officer becoming aware of such default or (B) written notice thereof by the Administrative Agent to the Borrower Representative (or, if
such failure cannot be reasonably cured within such period, sixty (60) days, so long as the applicable Credit Party has diligently commenced such cure and is diligently pursuing completion thereof), or (iii) any Credit Party fails to
perform or observe or to cause an Eligible Tenant to observe or perform as applicable, any term, covenant or agreement contained in any of Section 6.02(b) hereto on its part to be performed or observed and such failure continues for
fifteen (15) days after the earlier of (A) a Responsible Officer becoming aware of such default or (B) written notice thereof by the Administrative Agent to the Borrower 

  
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Representative (or, if such failure cannot be reasonably cured within such period, thirty (30) days, so long as the applicable Credit Party has diligently commenced such cure and is
diligently pursuing completion thereof); or 
 (d) Representations and Warranties. Any representation, warranty, certification or
statement of fact made or deemed made by the Credit Parties and contained in this Credit Agreement, in any other Credit Document, or in any document delivered in connection herewith or therewith shall be incorrect or misleading in any material
respect when made or deemed made provided that an Event of Default will not exist under this Section 8.01(d) if any representations and warranties which are made on Advances subsequent to the Closing Date are incorrect or misleading if,
within ten (10) Business Days after the occurrence thereof, the Borrowers cure or correct the facts or circumstances which cause such representations and warranties to be incorrect or misleading; or 

(e) Cross Default. (i) Any Credit Party (A) fails to perform or observe (beyond the applicable grace or cure period with
respect thereto, if any) any Contractual Obligation if such failure could reasonably be expected to have a Material Adverse Effect, or (B) fails to make any payment when due (whether by scheduled maturity, required prepayment, acceleration,
demand, or otherwise and beyond the applicable grace or cure period with respect thereto, if any) in respect of any Indebtedness (other than Indebtedness hereunder and Indebtedness under Swap Contracts) or otherwise fails to observe or perform any
other agreement or condition relating to any such Indebtedness or contained in any instrument or agreement evidencing, securing or relating thereto, or any other event occurs, the effect of which default or other event is to cause, or to permit the
holder or holders of such Indebtedness (or a trustee or agent on behalf of such holder or holders) to cause, with the giving of notice if required, such Indebtedness to be demanded or to become due or to be repurchased, prepaid, defeased or redeemed
(automatically or otherwise), or an offer to repurchase, prepay, defease or redeem such Indebtedness to be made, prior to its stated maturity, or cash collateral in respect thereof to be demanded, in each case to the extent such Indebtedness or
other obligation is in an amount (including undrawn committed or available amounts and including amounts owing to all creditors under any combined or syndicated credit arrangement) if any such failure or default under this clause
(B) individually or in the aggregate could reasonably be expected to have a Material Adverse Effect; (ii) Indebtedness (other than Indebtedness hereunder and Indebtedness under Swap Contracts) of any Credit Party in an aggregate principal
amount of more than the Threshold Amount is accelerated, or (iii) there occurs under any Swap Contract an Early Termination Date (as defined in such Swap Contract) resulting from (A) any event of default which occurs and is continuing
under such Swap Contract as to which a Borrower is the Defaulting Party (as defined in such Swap Contract) after expiration of any applicable grace or cure periods or (B) any Termination Event (as so defined) where all Transactions (as so
defined) are Affected Transactions (as so defined) under such Swap Contract as to which a Borrower is an Affected Party (as so defined) and, in either event, the Swap Termination Value owed by such Borrower as a result thereof could reasonably be
expected to have a Material Adverse Effect; or 
 (f) Insolvency Proceedings, Etc. Any Credit Party institutes or consents to the
institution of any proceeding under any Debtor Relief Law, or makes an assignment for the benefit of creditors; or applies for or consents to the appointment of any receiver, trustee, custodian, conservator, liquidator, rehabilitator or similar
officer for it or for all or any material 

  
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part of its properties; or any receiver, trustee, custodian, conservator, liquidator, rehabilitator or similar officer is appointed without the application or consent of such Credit Party and the
appointment continues undischarged or unstayed for ninety (90) calendar days; or any proceeding under any Debtor Relief Law relating to any Credit Party or to all or any material part of its property is instituted without the consent of such
Credit Party Person and continues undismissed or unstayed for ninety (90) calendar days, or an order for relief is entered in any such proceeding; or 

(g) Inability to Pay Debts; Attachment. (i) Any Credit Party becomes unable or admits in writing its inability or fails generally
to pay its debts as they become due, or (ii) any writ or warrant of attachment or execution or similar process is issued or levied against all or any material part of the properties of any Credit Party and is not released, vacated or fully
bonded within ninety (90) days after its issue or levy; or 
 (h) Judgments. There is entered against any Credit Party
(i) any one or more final judgments or orders for the payment of money in an aggregate amount (as to all such judgments or orders) if any judgment individually or in the aggregate could reasonably be expected to have a Material Adverse Effect;
(to the extent not covered by independent third party insurance as to which the insurer has been notified of the claim and does not dispute coverage), or (ii) any one or more non monetary final judgments that have, or could reasonably be
expected to have, individually or in the aggregate, a Material Adverse Effect and, in either case, (A) enforcement proceedings are commenced by any creditor upon such judgment or order, or (B) there is a period of ten (10) consecutive
days during which a stay of enforcement of such judgment, by reason of a pending appeal or otherwise, is not in effect; or 
 (i)
ERISA. (i) An ERISA Event occurs with respect to a Pension Plan or Multiemployer Plan which has resulted or could reasonably be expected to result in liability of a Credit Party under Title IV of ERISA to the Pension Plan, Multiemployer
Plan or the PBGC in an aggregate amount in excess of the Threshold Amount, or (ii) a Credit Party or any ERISA Affiliate fails to pay when due, after the expiration of any applicable grace period, any installment payment with respect to its
withdrawal liability under Section 4201 of ERISA under a Multiemployer Plan in an aggregate amount in excess of the Threshold Amount; or 

(j) Invalidity of Credit Documents. (i) Any Credit Document, at any time after its execution and delivery and for any reason other
than as expressly permitted hereunder or as a result of satisfaction in full of all the Obligations or as a result of the Administrative Agent’s failure to record and/or file where and/or when appropriate any Collateral Documents or any
continuation statements, ceases to be in full force and effect; or any Credit Party contests in any manner the validity or enforceability of any Credit Document; or any Credit Party denies that it has any or further liability or obligation under any
Credit Document, or purports to revoke, terminate or rescind any Credit Document; (ii) the Hazardous Materials Indemnity Agreement shall cease to be in full force and effect, or the Borrowers shall deny or disaffirm their obligations under
Hazardous Materials Indemnity Agreement, or the Borrowers shall default in the due performance or observance of any term, covenant or agreement on its part to be performed or observed pursuant to the Hazardous Materials Indemnity Agreement; or
(iii) any Lien shall fail to be a first priority, perfected Lien on a material portion of the Collateral, taken as a whole; provided that if any event occurs under in this Section 8.01(j), no Event of Default shall

  
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be deemed to have occurred so long as, within three (3) Business Days after a request from the Administrative Agent, the Borrowers execute and deliver to the Administrative Agent any
reasonable documentation requested by the Administrative Agent which is necessary to cure such defect; 
 (k) Change of Control.
There occurs any Change of Control; or 
 (l) 2014 Credit Agreement. There occurs any Event of Default under Section 8.01(b) of
the 2014 Credit Agreement as a result of a default under Section 6.11 of the 2014 Credit Agreement. 
 8.02. Remedies Upon Event of Default.

 If any Event of Default occurs and is continuing, the Administrative Agent shall, at the request of, or may, with the consent of, the
Required Lenders, take any or all of the following actions: 
 (a) declare the commitment of each Lender to make Advances to be terminated,
whereupon such commitments and obligation shall be terminated; 
 (b) declare the unpaid principal amount of the Loan, all interest accrued
and unpaid thereon, and all other amounts owing or payable hereunder or under any other Credit Document (other than Secured Swap Contracts) to be immediately due and payable, without presentment, demand, protest or other notice of any kind, all of
which are hereby expressly waived by the Borrowers; and 
 (c) exercise on behalf of itself and the Lenders all rights and remedies
available to it and the Lenders under the Credit Documents or applicable law; 
 provided, however, that upon the occurrence of an Event of Acceleration,
the obligation of each Lender to make Advances shall automatically terminate, the unpaid principal amount of the Loan and all interest and other amounts as aforesaid shall automatically become due and payable without further act of the
Administrative Agent or any Lender. 
 8.03. Application of Funds. 

After the exercise of remedies in accordance with the provisions of Section 8.02 (or after the Loan have automatically become
immediately due and payable as set forth in the proviso to Section 8.02), any amounts received on account of the Obligations shall be applied by the Administrative Agent in the following order: 

First, to payment of that portion of the Obligations constituting fees, indemnities, expenses and other amounts (including Attorney
Costs and amounts payable under Article III) payable to the Administrative Agent in its capacity as such or incurred by Administrative Agent in the exercise of its rights and remedies under this Agreement; 

Second, to payment of that portion of the Obligations constituting fees, indemnities and other amounts (other than principal and
interest) payable to the Lenders (including Attorney Costs and amounts payable under Article III), ratably among the Lenders in proportion to the amounts described in this clause Second payable to them; 

  
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 Third, to payment of that portion of the Obligations constituting accrued and unpaid
interest on the Loan and fees, premiums and scheduled periodic payments, and any interest accrued thereon, due under any Secured Pari Swap Contract, ratably among the Lenders and, in the case of such Secured Pari Swap Contracts, the applicable
Secured Swap Counterparties in proportion to the respective amounts described in this clause Third payable to them; 
 Fourth, to
(a) payment of that portion of the Obligations constituting unpaid principal of the Loan, (b) payment of breakage, termination or other payments, and any interest accrued thereon, due under any Secured Pari Swap Contract, and
(c) payments of amounts due under any Treasury Management Agreement between any Credit Party and any Lender, or any Affiliate of a Lender, ratably among such parties in proportion to the respective amounts described in this clause Fourth held
by them; 
 Fifth, to payment of that portion of the Obligations constituting any interest, due under any Secured Subordinated Swap
Contract, ratably among the applicable Secured Swap Counterparties in proportion to the respective amounts described in this clause Fifth payable to them; 

Sixth, to payment of breakage, termination or other payments, and any interest accrued thereon, due under any Secured Subordinated Swap
Contract, ratably among such parties in proportion to the respective amounts described in this clause Sixth held by them; 
 Last,
the balance, if any, after all of the Obligations have been indefeasibly paid in full, to the Borrowers or as otherwise required by Law. 
 8.04.
Administrative Agent’s Right to Perform the Obligations. 
 Upon the occurrence of an Event of Default and during
continuation thereof, then, without waiving or releasing any other right, remedy or recourse the Administrative Agent or Lenders may have because of such Event of Default, the Administrative Agent may (but shall not be obligated to) make such
payment or perform any act required of the Borrowers under this Agreement for the account of and at the expense of the Borrowers, and shall have the right to enter upon the Real Property Assets for such purpose and to take all such action thereon
and with respect to the Real Property Assets as it may deem necessary or appropriate. The Borrowers shall indemnify, defend and hold the Administrative Agent and Lenders harmless from and against any and all losses, liabilities, claims, damages,
expenses, obligations, penalties, actions, judgments, suits, costs, or disbursements of any kind or nature whatsoever, including reasonable attorneys’ fees, incurred or accruing by reason of any acts performed by the Administrative Agent
pursuant to the provisions of this Section 8.04, including those arising from the joint, concurrent, or comparative negligence of the Administrative Agent, except as a result of the Administrative Agent’s and/or Lenders’ gross
negligence or willful misconduct. All sums paid by the Administrative Agent pursuant to this Section 8.04, and all other sums expended by the Administrative Agent to which it shall be entitled to be indemnified pursuant to this
Section 8.04, together with interest thereon at the Default Rate from the date of such payment or expenditure until paid, shall constitute additions to the Obligations, shall be secured by the Credit Documents and shall be paid by the
Borrowers to the Administrative Agent upon demand. 

  
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 ARTICLE IX 

ADMINISTRATIVE AGENT 
 9.01.
Appointment and Authorization of Administrative Agent. 
 Each Lender hereby irrevocably appoints, designates and authorizes the
Administrative Agent to take such action on its behalf under the provisions of this Credit Agreement and each other Credit Document and to exercise such powers and perform such duties as are expressly delegated to it by the terms of this Credit
Agreement or any other Credit Document, together with such powers as are reasonably incidental thereto. Notwithstanding any provision to the contrary contained elsewhere herein or in any other Credit Document, the Administrative Agent shall not have
any duties or responsibilities, except those expressly set forth herein, nor shall the Administrative Agent have or be deemed to have any fiduciary relationship with any Lender or participant, and no implied covenants, functions, responsibilities,
duties, obligations or liabilities shall be read into this Credit Agreement or any other Credit Document or otherwise exist against the Administrative Agent. Without limiting the generality of the foregoing sentence, the use of the term
“agent” herein and in the other Credit Documents with reference to the Administrative Agent is not intended to connote any fiduciary or other implied (or express) obligations arising under agency doctrine of any applicable Law. Instead,
such term is used merely as a matter of market custom, and is intended to create or reflect only an administrative relationship between independent contracting parties. 

9.02. Delegation of Duties. 
 The
Administrative Agent may execute any of its duties under this Credit Agreement or any other Credit Document by or through agents, employees or attorneys-in-fact and
shall be entitled to advice of counsel and other consultants or experts concerning all matters pertaining to such duties. The Administrative Agent shall not be responsible for the negligence or misconduct of any agent or attorney-in-fact that it selects in the absence of gross negligence or willful misconduct. 

9.03. Liability of Administrative Agent. 

No Agent-Related Person shall (a) be liable for any action taken or omitted to be taken by any of
them under or in connection with this Credit Agreement or any other Credit Document or the transactions contemplated hereby (except for its own gross negligence or willful misconduct in connection with its duties expressly set forth herein), or
(b) be responsible in any manner to any Lender or participant for any recital, statement, representation or warranty made by any Credit Party or any officer thereof, contained herein or in any other Credit Document, or in any certificate,
report, statement or other document referred to or provided for in, or received by the Administrative Agent under or in connection with, this Credit Agreement or any other Credit Document, or the validity, effectiveness, genuineness, enforceability
or sufficiency of this Credit Agreement or any other Credit Document, or for any failure of any Credit Party or any other party to any Credit Document to perform its obligations hereunder or thereunder. No

  
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Agent-Related Person shall be under any obligation to any Lender or participant to ascertain or to inquire as to the observance or performance of any of
the agreements contained in, or conditions of, this Credit Agreement or any other Credit Document, or to inspect the properties, books or records of any Credit Party or any Affiliate thereof. The Administrative Agent, acting in its capacity as
administrative agent and not as a Lender, shall have no responsibility or liability for monitoring or enforcing the schedule of Disqualified Lenders or for any assignment of any Loan or Commitment or for the sale of any participation, in either
case, to a Disqualified Lender. 
 9.04. Reliance by Administrative Agent. 

(a) The Administrative Agent shall be entitled to rely, and shall be fully protected in relying, upon any writing, communication, signature,
resolution, representation, notice, consent, certificate, affidavit, letter, telegram, facsimile, telex or telephone message, electronic mail message, statement or other document or conversation believed by it to be genuine and correct and to have
been signed, sent or made by the proper Person or Persons, and upon advice and statements of legal counsel (including counsel to any Credit Party), independent accountants and other experts selected by the Administrative Agent. The Administrative
Agent shall be fully justified in failing or refusing to take any action under any Credit Document unless it shall first receive such advice or concurrence of the Required Lenders as it deems appropriate and, if it so requests, it shall first be
indemnified to its satisfaction by the Lenders against any and all liability and expense that may be incurred by it by reason of taking or continuing to take any such action. The Administrative Agent shall in all cases be fully protected in acting,
or in refraining from acting, under this Credit Agreement or any other Credit Document in accordance with a request or consent of the Required Lenders (or such greater number of Lenders as may be expressly required hereby in any instance) and such
request and any action taken or failure to act pursuant thereto shall be binding upon all the Lenders. 
 (b) For purposes of determining
compliance with the conditions specified in Section 4.01, each Lender that has signed this Credit Agreement shall be deemed to have consented to, approved or accepted or to be satisfied with, each document or other matter required
thereunder to be consented to or approved by or acceptable or satisfactory to a Lender unless the Administrative Agent shall have received notice from such Lender prior to the proposed Closing Date specifying its objection thereto. 

9.05. Notice of Default. 
 The
Administrative Agent shall not be deemed to have knowledge or notice of the occurrence of any Default or Event of Default, except with respect to defaults in the payment of principal, interest and fees required to be paid to the Administrative Agent
for the account of the Lenders, unless the Administrative Agent shall have received written notice from a Lender or any Borrower referring to this Credit Agreement, describing such Default or Event of Default and stating that such notice is a
“notice of default.” The Administrative Agent will notify the Lenders promptly of its receipt of any such notice and/or upon learning that there is a Default or Event of Default. The Administrative Agent shall take such action with respect
to such Default or Event of Default as may be directed by the Required Lenders in accordance herewith; provided, however, that unless and until the Administrative Agent has received any such 

  
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direction, the Administrative Agent may (but shall not be obligated to) take such action, or refrain from taking such action, with respect to such Default or Event of Default as it shall deem
advisable or in the best interest of the Lenders. 
 9.06. Credit Decision; Disclosure of Confidential Information by Administrative Agent.

 Each Lender acknowledges that no Agent-Related Person has made any representation or warranty
to it, and that no act by the Administrative Agent hereafter taken, including any consent to and acceptance of any assignment or review of the affairs of any Credit Party or any Affiliate thereof, shall be deemed to constitute any representation or
warranty by any Agent-Related Person to any Lender as to any matter, including whether Agent-Related Persons have disclosed material information in their possession (in
each case, except to the extent the Administrative Agent has confirmed to any Lender in writing the satisfaction of conditions to funding as of the Closing Date). Each Lender represents to the Administrative Agent that it has, independently and
without reliance upon any Agent-Related Person and based on such documents and information as it has deemed appropriate, made its own appraisal of and investigation into the business, prospects, operations,
property, financial and other condition and creditworthiness of the Credit Parties and their respective Subsidiaries, and all applicable bank or other regulatory Laws relating to the transactions contemplated hereby, and made its own decision to
enter into this Credit Agreement and to extend credit to the Borrowers and the other Credit Parties hereunder. Each Lender also represents that it will, independently and without reliance upon any
Agent-Related Person and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit analysis, appraisals and decisions in taking or not taking action
under this Credit Agreement and the other Credit Documents, and to make such investigations as it deems necessary to inform itself as to the business, prospects, operations, property, financial and other condition and creditworthiness of the
Borrowers and the other Credit Parties. Except for notices, reports and other documents expressly required to be furnished to the Lenders by the Administrative Agent herein, the Administrative Agent shall not have any duty or responsibility to
provide any Lender with any credit or other information concerning the business, prospects, operations, property, financial and other condition or creditworthiness of any of the Credit Parties or any of their respective Affiliates that may come into
the possession of any Agent-Related Person. 
 9.07. Indemnification of Administrative Agent. 

Whether or not the transactions contemplated hereby are consummated, the Lenders shall indemnify upon demand each Agent-Related Person (to the extent not reimbursed by or on behalf of any Credit Party and without limiting the obligation of any Credit Party to do so), pro rata, and hold harmless each Agent-Related Person from and against any and all Indemnified Liabilities incurred by it; provided, however, that no Lender shall be liable for the payment to any
Agent-Related Person of any portion of such Indemnified Liabilities to the extent determined in a final, nonappealable judgment by a court of competent jurisdiction to have resulted from such Agent-Related Person’s own gross negligence or willful misconduct; provided, however, that no action taken in accordance with the directions of the Required Lenders shall be deemed to constitute gross
negligence or willful misconduct for purposes of this Section. Without limitation of the foregoing, each Lender shall reimburse the Administrative Agent upon demand for its ratable share of any costs or out-of-pocket expenses (including Attorney Costs) incurred 

  
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by the Administrative Agent in connection with the preparation, execution, delivery, administration, modification, amendment or enforcement (whether through negotiations, legal proceedings or
otherwise) of, or legal advice in respect of rights or responsibilities under, this Credit Agreement, any other Credit Document, or any document contemplated by or referred to herein, to the extent that the Administrative Agent is not reimbursed for
such expenses by or on behalf of the Borrowers or any other Credit Party. The undertaking in this Section shall survive termination of the Aggregate Commitment, the payment of all other Obligations and the resignation of the Administrative
Agent. 
 9.08. Administrative Agent in its Individual Capacity. 

GECC and its Affiliates may make loans to, issue letters of credit for the account of, accept deposits from, acquire equity interests in and
generally engage in any kind of banking, trust, financial advisory, underwriting or other business with each of the Credit Parties and their respective Affiliates as though GECC were not the Administrative Agent hereunder and without notice to or
consent of the Lenders. The Lenders acknowledge that, pursuant to such activities, GECC or its Affiliates may receive information regarding any Credit Party or its Affiliates (including information that may be subject to confidentiality obligations
in favor of such Credit Party or such Affiliate) and acknowledge that the Administrative Agent shall be under no obligation to provide such information to them. With respect to its Extension of Credit, GECC shall have the same rights and powers
under this Credit Agreement as any other Lender and may exercise such rights and powers as though it were not the Administrative Agent, and the terms “Lender” and “Lenders” include GECC in its individual capacity. 

9.09. Successor Administrative Agent. 

The Administrative Agent may resign as Administrative Agent “for cause” upon thirty (30) days’ notice to the Lenders and
the Borrower Representative. If the Administrative Agent resigns or is replaced as set forth below under this Credit Agreement, the Required Lenders shall appoint from among the Lenders a successor administrative agent for the Lenders, which
successor administrative agent shall be consented to by the Borrower Representative at all times other than during the existence of an Event of Default (which consent of the Borrower Representative shall not be unreasonably withheld or delayed). If
no successor administrative agent is appointed prior to the effective date of the resignation of the Administrative Agent, the Administrative Agent may appoint, after consulting with the Lenders and the Borrower Representative, a successor
administrative agent from among the Lenders. Upon the acceptance of its appointment as successor administrative agent hereunder, the Person acting as such successor administrative agent shall succeed to all the rights, powers and duties of the
retiring Administrative Agent and the term “Administrative Agent” thereafter shall mean such successor administrative agent and the retiring Administrative Agent’s appointment, powers and duties as Administrative Agent shall be
terminated without any other or further act or deed on the part of such retiring Administrative Agent or any other Lender. After any retiring Administrative Agent’s resignation hereunder as Administrative Agent, the provisions of this
Article IX and Sections 10.04 and 10.05 shall inure to its benefit as to any actions taken or omitted to be taken by it while it was Administrative Agent under this Credit Agreement. If no successor administrative
agent has accepted appointment as Administrative Agent by the date thirty (30) days following a retiring Administrative Agent’s notice of resignation, the retiring 

  
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Administrative Agent’s resignation shall nevertheless thereupon become effective and the Lenders shall perform all of the duties of the Administrative Agent hereunder until such time, if
any, as the Required Lenders appoint a successor agent as provided for above. For purposes of this Section 9.09, “for cause” shall mean (a) to the extent required by any legislative or regulatory authority purporting to
have jurisdiction over it (including any self-regulatory authority, such as the National Association of Insurance Commissioners), (b) to the extent required by applicable laws or regulations or (c) to the extent required as a corporate
policy matter. 
 Notwithstanding the foregoing, Administrative Agent may be removed as Administrative Agent upon the request of all the
Lenders (other than Affiliates of Administrative Agent) if (a) it has committed actions constituting gross negligence or willful misconduct under this Agreement or (b) fails to hold any portion of the Aggregate Loan Commitments. 

9.10. Administrative Agent May File Proofs of Claim. 

In case of the pendency of any receivership, insolvency, liquidation, bankruptcy, reorganization, arrangement, adjustment, composition or other
judicial proceeding relative to any Credit Party, the Administrative Agent (irrespective of whether the principal of the Loan shall then be due and payable as herein expressed or by declaration or otherwise and irrespective of whether the
Administrative Agent shall have made any demand on the Borrowers) shall be entitled and empowered, by intervention in such proceeding or otherwise: 

(a) to file and prove a claim for the whole amount of the principal and interest owing and unpaid in respect of the Loan and all other
Obligations (other than obligations under Swap Contracts to which the Administrative Agent is not a party) that are owing and unpaid and to file such other documents as may be necessary or advisable in order to have the claims of the Lenders and the
Administrative Agent (including any claim for the reasonable compensation, expenses, disbursements and advances of the Lenders and the Administrative Agent and their respective agents and counsel and all other amounts due the Lenders and the
Administrative Agent under Section 2.05 and 10.04) allowed in such judicial proceeding; and 
 (b) to collect and receive
any monies or other property payable or deliverable on any such claims and to distribute the same; 
 and any custodian, receiver, assignee, trustee,
liquidator, sequestrator or other similar official in any such judicial proceeding is hereby authorized by each Lender to make such payments to the Administrative Agent and, in the event that the Administrative Agent shall consent to the making of
such payments directly to the Lenders, to pay to the Administrative Agent any amount due for the reasonable compensation, expenses, disbursements and advances of the Administrative Agent and its agents and counsel, and any other amounts due the
Administrative Agent under Sections 2.05 and 10.04. 
 Nothing contained herein shall be deemed to authorize the
Administrative Agent to authorize or consent to or accept or adopt on behalf of any Lender any plan of reorganization, arrangement, adjustment or composition affecting the Obligations or the rights of any Lender or to authorize the Administrative
Agent to vote in respect of the claim of any Lender in any such proceeding. 

  
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 9.11. Collateral Matters. 

The Lenders irrevocably authorize the Administrative Agent and the Administrative Agent shall, release any guarantor from its obligations under
its guaranty or any Lien granted to or held by the Administrative Agent under any Credit Document (i) upon termination of the Commitments and payment in full of all Obligations (other than contingent indemnification obligations), (ii) on
any property (including equity interests) that is transferred or to be transferred as part of or in connection with any Disposition permitted hereunder or under any other Credit Document, any Involuntary Disposition or any release or replacement of
any Real Property Asset permitted in accordance with Section 9.12 and 9.13, or (iii) as approved in accordance with Section 10.01. 

Upon request by the Administrative Agent at any time, the Required Lenders will confirm in writing the Administrative Agent’s authority
to release its interest in particular types or items of property. 
 9.12. Substitutions and Releases of Real Property Assets. 

(a) The Borrowers may substitute for existing Real Property Assets constituting Collateral, real property assets not constituting
Collateral (each a “New Real Property Asset”) from the Liens and security interests of the Administrative Agent hereunder and under the Collateral Documents relating thereto and all Obligations hereunder and under the
Collateral Documents so long as no such substitution under this Section 9.12(a) is made more often than once in any twelve (12) month period and each of the following conditions is satisfied; 

(i) the applicable Borrower shall deliver to the Administrative Agent, not less than ten (10) Business Days prior to the
date of such requested substitution a written request for substitution of the applicable Real Property Asset and a reasonably satisfactory description of the New Real Property Asset; 

(ii) the applicable Borrower shall deliver, together with such request for substitution, a pro forma Compliance Certificate
showing that, on a pro forma basis, (A) the Rent Yield after giving effect to any such substitution shall be equal to or greater than the Rent Yield immediately prior to such substitution, (B) the Lease Coverage Ratio after giving effect
to any such substitution shall be equal to or greater than the Lease Coverage Ratio immediately prior to such substitution, and (C) the Loan to Value Ratio after giving effect to any such substitution shall be equal to or less than the Loan to
Value Ratio immediately prior to such substitution; 
 (iii) a Responsible Officer or any Borrower shall certify in writing
to the Administrative Agent that no Default or Event of Default shall exist immediately after giving effect to the applicable substitution; 

(iv) the Administrative Agent shall have received evidence, acceptable to it in its reasonable discretion that the matters set
forth in such request, Compliance Certificate 

  
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and certification are true and correct in all material respects, and, to the extent all such conditions to substitution are satisfied, the Administrative Agent will, at the Borrowers’
expense, within five (5) Business Days of the satisfaction of the conditions set forth in this Section 9.12(a), deliver to the applicable Borrower such documentation as is reasonably necessary to evidence the release of the Administrative
Agent’s Lien and/or security interest, if any, in the released Real Property Asset(s) and release from all other Obligations all at the reasonable cost and expense of such applicable Borrower; 

(v) the Administrative Agent shall have received, in form and substance reasonably satisfactory to the Administrative Agent,
each of the Real Property Asset Deliverables with respect to each New Real Property Asset(s) and a copy of the executed lease with the Eligible Tenant for each such New Real Property Asset(s) and if the owner of such New Real Property Asset is not
then a Borrower, an executed Borrower Joinder Agreement; and 
 (vi) unless otherwise approved by the Required Lenders, no
more than $30,000,000 of the Real Property Assets (determined based on the most recent appraisals available) may be substituted in any single substitution transaction. 

If the applicable Borrower satisfies the terms of this Section 9.12(a), then the Lenders shall provide a Release and/or termination of
security interest for the Real Property Assets and/or equity interests in such Borrower being released hereunder as part of the substitution. 

(b) The Borrowers may release (each of the following shall be referred to herein as a “Release”) any one or more Real
Property Assets and/or equity interest of a Borrower (any such Real Property Asset for which a Release is obtained being referred to herein as a “Release Project” and collectively, the “Release
Projects”) from the Liens and security interests of the Administrative Agent hereunder and under the Collateral Documents relating thereto and all Obligations hereunder and under the Collateral Documents (for the avoidance of doubt,
Releases may be accomplished by a disposition of a Real Property Asset or disposition of equity interests in a Borrower) so long as (i) no less than four (4) Real Property Assets remain subject to the Loan, (ii) the outstanding
balance of the Loan is not less than $25,000,000, and (iii) each of the following conditions is satisfied: 
 (A) the
applicable Borrower shall deliver to the Administrative Agent, not less than ten (10) Business Days prior to the date of such requested Release a written request for Release of the applicable Real Property Asset; 

(B) the applicable Borrower shall deliver, together with such request for Release, a pro forma Compliance Certificate showing
that, on a pro forma basis, the Rent Yield after giving effect to any such Release shall be equal to or greater than the Rent Yield immediately prior to such Release; 

(C) a Responsible Officer or any Borrower shall certify in writing to the Administrative Agent that no Default or Event of
Default shall exist immediately after giving effect to the applicable Release; and 

  
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 (D) the amount to be paid by the Borrowers to the Administrative
Agent for such Release Project (any such amount a “Release Price”) shall be an amount equal to at least one hundred and ten percent (110%) of the Allocated Loan Value of such Release Project plus, to the extent
applicable, (1) interest accrued and unpaid on the principal balance of the Loan to and including the effective date of such Release and (2) the pro rata portion of any Prepayment Premium, breakage amounts, if any, under
Section 3.05 or any other fee due with respect to such Release Project(s) provided, that there shall be no Prepayment Premium due in connection with Releases obtained pursuant to Sections 9.12(a); 

(E) the Borrowers shall have paid to the Administrative Agent the amounts set forth in Section 9.12(b)(iii)(D)
above as well as reasonable out-of-pocket fees and expenses, including reasonable attorneys’ fees and expenses, incurred in connection with such Release; and 

(F) the Administrative Agent shall have received evidence, acceptable to it in its reasonable discretion that the matters set
forth in such request, Compliance Certificate and certification are true and correct in all material respects, and, to the extent all such conditions to release are satisfied, the Administrative Agent will, at the Borrowers’ expense, promptly
and in any event within five (5) Business Days of the satisfaction of the conditions set forth in this Section 9.12(b), deliver to the applicable Borrower such documentation as is reasonably necessary to evidence the release of the
Administrative Agent’s Lien and/or security interest, if any, in the Released Property and release from all other Obligations all at the reasonable cost and expense of such applicable Borrower. 

(c) Whenever the Lenders are required to provide a Release (including a termination of a security interest) under this Agreement, the Lenders
shall endeavor to provide such Release promptly and, to the extent the Release is being requested in connection with the permitted sale or transfer of a Real Property Asset or the equity interest in a Borrower, provided the Administrative Agent has
received at least ten (10) Business Days prior written notice of the request for the Release, the Lenders shall use reasonable efforts to coordinate the delivery of the Release with the closing of such sale or transfer. 

9.13. Like-Kind Exchanges. 

In connection with any Borrower’s sale of a Real Property Asset (or an Unimproved Property), Borrower may structure the sale
as a like-kind exchange for all or a portion of such Real Property Asset (or an Unimproved Property), in one or more concurrent or delayed tax-deferred exchanges which shall qualify under Section 1031 of the Internal Revenue Code
(“1031 Exchange”). If a Real Property Asset (or an Unimproved Property) is sold as part of a 1031 Exchange, Borrower may, in its sole election, remain a Subsidiary of Parent Borrower after the sale and release of the Real
Property Asset (or an Unimproved Property) for so long as is reasonably required to complete the 1031 Exchange and Acquire a new Real Property Asset.  

  
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 ARTICLE X 

MISCELLANEOUS 
 10.01. Amendments,
Etc. 
 No amendment or waiver of any provision of this Credit Agreement or any other Credit Document (other than Secured Swap
Contracts), and no consent to any departure by the Borrower or any other Credit Party therefrom, shall be effective unless in writing signed by the Required Lenders and the Borrower or the applicable Credit Party, as the case may be, and
acknowledged by the Administrative Agent, and each such waiver or consent shall be effective only in the specific instance and for the specific purpose for which given; provided, however, that no such amendment, waiver or consent
shall: 
 (a) extend or increase the Commitment of any Lender (or reinstate any Commitment terminated pursuant to Section 8.02)
without the written consent of such Lender (except as otherwise permitted or contemplated hereunder); provided, that any extension or increase in the Loan shall require the written consent of each Lender (except as otherwise permitted or
contemplated hereunder); 
 (b) postpone any date fixed by this Credit Agreement or any other Credit Document for any payment (excluding
mandatory prepayments) of principal, interest, fees or other amounts due to the Lenders (or any of them) hereunder or under any other Credit Document without the written consent of each Lender; 

(c) reduce the principal of, or the rate of interest specified herein on, any Loan or any fees or other amounts payable hereunder (including,
without limitation, any prepayment fees) or under any other Credit Document without the written consent of each Lender; provided, however, that only the consent of the Required Lenders shall be necessary to amend the definition of
“Default Rate” or to waive any obligation of the Borrower to pay interest at the Default Rate; 
 (d) change
Section 2.10 or Section 8.03 in a manner that would alter the pro rata sharing of payments required thereby without the written consent of each Lender; 

(e) change any provision of this Section or the definition of “Required Lenders” or any other provision hereof specifying the number
or percentage of Lenders required to amend, waive or otherwise modify any rights hereunder or make any determination or grant any consent hereunder without the written consent of each Lender; 

and, provided further, that no amendment, waiver or consent shall, unless in writing and signed by the Administrative Agent in addition to the Lenders
required above, affect the rights or duties of the Administrative Agent under this Credit Agreement or any other Credit Document. Notwithstanding anything to the contrary herein, no Defaulting Lender shall have any right to approve or disapprove any
amendment, waiver or consent hereunder, except that (i) the Commitment of any Defaulting Lender may not be increased or extended without the consent of such Lender, (ii) 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, (iii) such Lender’s balance

  
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may not be forgiven without the consent of such Lender, and (iv) the interest rate on the Loan cannot be reduced. No amendment, modification or waiver of this Agreement or any Credit
Document altering the ratable treatment of Obligations arising under a Secured Pari Swap Contract resulting in such Obligations being junior in right of payment to principal of the Loan or resulting in Obligations owing to any Secured Swap
Counterparty thereunder being unsecured (other than releases of Liens applicable to all Lenders and otherwise permitted in accordance with the terms hereof), in each case in a manner adverse to any Secured Swap Counterparty, shall be effective
without the written consent of such Secured Swap Counterparty or, in the case of a Secured Pari Swap Contract provided or arranged by the Administrative Agent or an Affiliate thereof, the Administrative Agent. No amendment, modification or waiver of
this Agreement or any Credit Document altering the ratable treatment of Obligations arising under a Secured Subordinated Swap Contract resulting in Obligations owing to any Secured Swap Counterparty thereunder being unsecured (other than releases of
Liens applicable to all Lenders and otherwise permitted in accordance with the terms hereof), in each case in a manner adverse to any Secured Swap Counterparty, shall be effective without the written consent of such Secured Swap Counterparty or, in
the case of a Secured Subordinated Swap Contract provided or arranged by the Administrative Agent or an Affiliate thereof, the Administrative Agent. If, in connection with any proposed amendment, waiver or consent requiring the consent of “each
Lender” or “each Lender directly affected thereby,” the consent of the Required Lenders is obtained, but the consent of other necessary Lenders is not obtained (any such Lender whose consent is necessary but not obtained being
referred to herein as a “Non-Consenting Lender”), then the Borrower Representative may elect to replace any such Non-Consenting Lender as a Lender party to this Agreement pursuant to Section 10.13. 

10.02. Notices and Other Communications; Facsimile Copies. 

(a) General. Unless otherwise expressly provided herein, all notices and other communications provided for hereunder shall be in writing
(including by facsimile transmission). All such written notices shall be mailed certified or registered mail, faxed or delivered to the applicable address, facsimile number or (subject to subsection (c) below) electronic mail address, and all
notices and other communications expressly permitted hereunder to be given by telephone shall be made to the applicable telephone number, as follows: 

(i) if to any Borrower or the Administrative Agent, to the address, facsimile number, electronic mail address or telephone
number specified for such Person on Schedule 10.02 or to such other address, facsimile number, electronic mail address or telephone number as shall be designated by such party in a notice to the other parties; and 

(ii) if to any other Lender, to the address, facsimile number, electronic mail address or telephone number specified in its
Administrative Questionnaire or to such other address, facsimile number, electronic mail address or telephone number as shall be designated by such party in a notice to any Borrower and the Administrative Agent. 

Notices sent by hand or overnight courier service, or mailed by certified or registered mail, shall be deemed to have been given when received; notices sent
by facsimile shall be deemed to have been given when sent (except that, if not given during normal business hours for the recipient, shall be deemed to have been given at the opening of business on the next business day for the recipient). Notices
delivered through electronic communications to the extent provided in subsection (b) below, shall be effective as provided in such subsection (b). 

  
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 (b) Electronic Communications. Notices and other communications to the Lenders hereunder
may be delivered or furnished by electronic communication (including e-mail and Internet or intranet websites) pursuant to procedures approved by the Administrative Agent, provided that the foregoing shall not
apply to notices to any Lender pursuant to Article II if such Lender has notified the Administrative Agent that it is incapable of receiving notices under such Article by electronic communication. The Administrative Agent or the Borrower
Representative may, in its respective discretion, agree to accept notices and other communications to it hereunder by electronic communications pursuant to procedures approved by it, provided that approval of such procedures may be limited to
particular notices or communications. 
 Unless the Administrative Agent otherwise prescribes, (i) notices and other communications
sent to an e-mail address shall be deemed received upon the sender’s receipt of an acknowledgement from the intended recipient (such as by the “return receipt requested” function, as available, return e-mail or other written
acknowledgement), provided that if such notice or other communication is not sent during the normal business hours of the recipient, such notice or communication shall be deemed to have been sent at the opening of business on the next
business day for the recipient, and (ii) notices or communications posted to an Internet or intranet website shall be deemed received upon the deemed receipt by the intended recipient at its e-mail address as described in the foregoing
clause (i) of notification that such notice or communication is available and identifying the website address therefor. 

(c) The Platform. THE PLATFORM IS PROVIDED “AS IS” AND “AS AVAILABLE.” THE AGENT PARTIES (AS DEFINED
BELOW) DO NOT WARRANT THE ACCURACY OR COMPLETENESS OF THE BORROWER MATERIALS OR THE ADEQUACY OF THE PLATFORM, AND EXPRESSLY DISCLAIM LIABILITY FOR ERRORS IN OR OMISSIONS FROM THE BORROWER MATERIALS. NO WARRANTY OF ANY KIND, EXPRESS, IMPLIED OR
STATUTORY, INCLUDING ANY WARRANTY OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, NON INFRINGEMENT OF THIRD PARTY RIGHTS OR FREEDOM FROM VIRUSES OR OTHER CODE DEFECTS, IS MADE BY ANY AGENT PARTY IN CONNECTION WITH THE BORROWER MATERIALS OR THE
PLATFORM. In no event shall the Administrative Agent or any of its Related Parties (collectively, the “Agent Parties”) have any liability to the Credit Parties, any Lender or any other Person for losses, claims, damages,
liabilities or expenses of any kind (whether in tort, contract or otherwise) arising out of the Credit Parties’ or the Administrative Agent’s transmission of Borrower Materials through the Internet, except to the extent that such losses,
claims, damages, liabilities or expenses are determined by a court of competent jurisdiction by a final and nonappealable judgment to have resulted from the gross negligence or willful misconduct of such Agent Party; provided, however,
that in no event shall any Agent Party have any liability to the Credit Parties, any Lender or any other Person for indirect, special, incidental, consequential or punitive damages (as opposed to direct or actual damages). 

(d) Change of Address, Etc. Each of the Credit Parties and the Administrative Agent may change its address, telecopier or telephone
number for notices and other communications 

  
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hereunder by notice to the other parties hereto. Each other Lender may change its address, telecopier or telephone number for notices and other communications hereunder by notice to the Borrower
Representative and the Administrative Agent. In addition, each Lender agrees to notify the Administrative Agent from time to time to ensure that the Administrative Agent has on record (i) an effective address, contact name, telephone number,
telecopier number and electronic mail address to which notices and other communications may be sent and (ii) accurate wire instructions for such Lender. Furthermore, each Public Lender agrees to cause at least one individual at or on behalf of
such Public Lender to at all times have selected the “Private Side Information” or similar designation on the content declaration screen of the Platform in order to enable such Public Lender or its delegate, in accordance with such Public
Lender’s compliance procedures and applicable Law, including United States Federal and state securities Laws, to make reference to Borrower Materials that are not made available through the “Public Side Information” portion of the
Platform and that may contain material non-public information with respect to the Credit Parties or its securities for purposes of United States Federal or state securities laws. 

(e) Reliance by Administrative Agent and Lenders. The Administrative Agent and the Lenders shall be entitled to rely and act upon any
notices purportedly given by or on behalf of the Borrowers even if (i) such notices were not made in a manner specified herein, were incomplete or were not preceded or followed by any other form of notice specified herein, or (ii) the
terms thereof, as understood by the recipient, varied from any confirmation thereof. The Borrowers shall indemnify each Agent-Related Person and each Lender from all losses, costs, expenses and liabilities
resulting from the reliance by such Person on each notice purportedly given by or on behalf of the Borrowers. All telephonic notices to and other communications with the Administrative Agent may be recorded by the Administrative Agent, and each of
the parties hereto hereby consents to such recording. 
 (f) Effectiveness of Facsimile Documents and Signatures. Credit Documents
may be transmitted and/or signed by facsimile. The effectiveness of any such documents and signatures shall, subject to applicable Law, have the same force and effect as manually-signed originals and shall be
binding on all Loan Parties, the Administrative Agent and the Lenders. The Administrative Agent may also require that any such documents and signatures be confirmed by a manually-signed original thereof;
provided, however, that the failure to request or deliver the same shall not limit the effectiveness of any facsimile document or signature. 

(g) Flood Law Notification. The Administrative Agent has adopted internal policies and procedures that address requirements placed on
federally regulated lenders under the National Flood Insurance Reform Act of 1994 and related legislation (the “Flood Laws”). The Administrative Agent will post on the applicable electronic platform (or otherwise distribute
to each Lender) documents that it receives in connection with the Flood Laws. However, the Administrative Agent reminds each Lender and participant that, pursuant to the Flood Laws, each federally regulated lender (whether acting as a Lender or
participant) is responsible for assuring its own compliance with the flood insurance requirements. 

  
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 10.03. No Waiver; Cumulative Remedies. 

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

Notwithstanding anything to the contrary contained herein or in any other Credit Document, the authority to enforce rights and remedies
hereunder and under the other Credit Documents against the Credit Parties or any of them shall be vested exclusively in, and all actions and proceedings at law in connection with such enforcement shall be instituted and maintained exclusively by,
the Administrative Agent in accordance with Section 8.02 for the benefit of all the Lenders; provided, however, that the foregoing shall not prohibit (a) the Administrative Agent from exercising on its own behalf the
rights and remedies that inure to its benefit (solely in its capacity as Administrative Agent) hereunder and under the other Credit Documents, (b) any Lender from exercising setoff rights in accordance with Section 10.08 (subject to
the terms of Sections 2.08 and 10.21), or (c) any Lender from filing proofs of claim or appearing and filing pleadings on its own behalf during the pendency of a proceeding relative to any Credit Party under any Debtor Relief Law;
and provided, further, that if at any time there is no Person acting as Administrative Agent hereunder and under the other Credit Documents, then (i) the Required Lenders shall have the rights otherwise ascribed to the
Administrative Agent pursuant to Section 8.02 and (ii) in addition to the matters set forth in clauses (b) and (c) of the preceding proviso and subject to Section 2.08, any Lender may, with the consent of the
Required Lenders, enforce any rights and remedies available to it and as authorized by the Required Lenders. 
 10.04. Expenses; Indemnity; Damage
Waiver. 
 (a) Costs and Expenses. The Credit Parties shall pay (i) all reasonable out-of-pocket expenses incurred
by the Administrative Agent and its Affiliates (including the reasonable fees, charges and disbursements of external counsel for the Administrative Agent), in connection with the syndication of the credit facilities provided for herein, the
preparation, negotiation, execution, delivery and administration of this Credit Agreement and the other Credit Documents or any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions contemplated
hereby or thereby shall be consummated), and (ii) all out of pocket expenses incurred by the Administrative Agent or any Lender (including the fees, charges and disbursements of any external counsel for the Administrative Agent or any Lender),
in connection with the enforcement or protection of its rights (A) in connection with this Credit Agreement and the other Credit Documents, including its rights under this Section, or (B) in connection with the Loan made hereunder,
including all such out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect of the Loan. 
 (b)
Indemnification by the Credit Parties. The Credit Parties shall indemnify the Administrative Agent (and any sub-agent thereof), each Lender, and each Related Party of any of the foregoing Persons (each such Person being called an
“Indemnitee”) against, and hold each 

  
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Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses (including the fees, charges and disbursements of any counsel for any Indemnitee), incurred by any
Indemnitee or asserted against any Indemnitee by any third party or by any Borrower or any other Credit Party arising out of, in connection with, or as a result of (i) the execution or delivery of this Credit Agreement, any other Credit
Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or thereby, or, in the
case of the Administrative Agent (and any sub-agent thereof) and its Related Parties only, the administration of this Agreement and the other Credit Documents (including in respect of any matters addressed in Section 3.01), (ii) any
Loan or the use or proposed use of the proceeds therefrom, (iii) any actual or alleged presence or release of Hazardous Materials on or from any property owned or operated by any Credit Party, or any Environmental Liability related in any way
to any Credit Party, or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by a third party or by any Borrower or
any other Credit Party, and regardless of whether any Indemnitee is a party thereto (all of the foregoing, collectively, the “Indemnified Liabilities”); provided that such indemnity shall not, as to any Indemnitee, be
available to the extent that such losses, claims, damages, liabilities or related expenses (x) are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from the gross negligence or willful
misconduct of such Indemnitee or (y) result from a claim brought by any Borrower or any other Credit Party against such Indemnitee for breach in bad faith of such Indemnitee’s obligations hereunder or under any other Credit Document, if
such Borrower or such other Credit Party has obtained a final and nonappealable judgment in its favor on such claim as determined by a court of competent jurisdiction. 

(c) Reimbursement by Lenders. To the extent that the Credit Parties for any reason fail to indefeasibly pay any amount required under
subsection (a) or (b) of this Section to be paid by it to the Administrative Agent (or any sub-agent thereof), any Related Party of any of the foregoing (and without limiting their obligation to do so), each Lender severally agrees to pay
to the Administrative Agent (or any such sub-agent) or such Related Party, as the case may be, such Lender’s Commitment 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 any such sub-agent) in its capacity
as such, or against any Related Party of any of the foregoing acting for the Administrative Agent (or any such sub-agent) in connection with such capacity. The obligations of the Lenders under this subsection (c) are subject to the provisions
of Section 2.10(e). 
 (d) Waiver of Consequential Damages, Etc. To the fullest extent permitted by applicable law, the
Credit Parties shall not assert, and hereby waives, any claim against any Indemnitee, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with,
or as a result of, this Credit Agreement, any other Credit Document or any agreement or instrument contemplated hereby, the transactions contemplated hereby or thereby, any Loan or the use of the proceeds thereof. No Indemnitee referred to in
subsection (b) above shall be liable for any damages arising from the use by unintended recipients of any information or other materials distributed to 

  
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such unintended recipients by such Indemnitee through telecommunications, electronic or other information transmission systems in connection with this Agreement or the other Credit Documents or
the transactions contemplated hereby or thereby other than for direct or actual damages resulting from the gross negligence or willful misconduct of such Indemnitee as determined by a final and nonappealable judgment of a court of competent
jurisdiction. 
 (e) Payments. All amounts due under this Section shall be payable not later than ten Business Days after demand
therefor. 
 (f) Survival. The agreements in this Section shall survive the resignation of the Administrative Agent, the replacement
of any Lender, the termination of the Aggregate Commitment and the repayment, satisfaction or discharge of all the other Obligations. 
 10.05.
Payments Set Aside. 
 To the extent that any payment by or on behalf of the Borrowers is made to the Administrative Agent or any
Lender, or the Administrative Agent or any Lender exercises its right of set-off, and such payment or the proceeds of such set-off or any part thereof is subsequently
invalidated, declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by the Administrative Agent or such Lender in its discretion) to be repaid to a trustee, receiver or any other party, in
connection with any proceeding under any Debtor Relief Law or otherwise, then (a) to the extent of such recovery, the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if
such payment had not been made or such set-off had not occurred, and (b) each Lender severally agrees to pay to the Administrative Agent upon demand its applicable share of any amount so recovered from or
repaid by the Administrative Agent, plus interest thereon from the date of such demand to the date such payment is made at a rate per annum equal to the Federal Funds Rate from time to time in effect. 

10.06. Successors and Assigns. 

(a) The provisions of this Credit Agreement shall be binding upon and inure to the benefit of the parties hereto and their
respective successors and assigns permitted hereby, except that no Borrower may assign or otherwise transfer any of its rights or obligations hereunder without the prior written consent of each Lender and no Lender may assign or otherwise transfer
any of its rights or obligations hereunder except that all or any portion of the Loan may be assigned or otherwise transferred (i) to an Eligible Assignee in accordance with the provisions of subsection (b) of this Section, (ii) to a
Qualified Transferee, (iii) by way of participation in accordance with the provisions of subsection (d) of this Section, or (iv) by way of pledge or assignment of a security interest subject to the restrictions of subsection (f)
or (i) of this Section (and any other attempted assignment or transfer by any party hereto shall be null and void). Nothing in this Credit Agreement, expressed or implied, shall be construed to confer upon any Person (other than the
parties hereto, their respective successors and assigns permitted hereby, Participants to the extent provided in subsection (d) of this Section and, to the extent expressly contemplated hereby, the “Indemnitees”)
any legal or equitable right, remedy or claim under or by reason of this Credit Agreement. 

  
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 (b) Any Lender may at any time assign to one or more Qualified Transferee or Eligible Assignees
all or a portion of its rights and obligations under this Credit Agreement (including all or a portion of its Commitment and the Loan at the time owing to it); provided that (i) except in the case of an assignment of the entire remaining
amount of the assigning Lender’s Commitment and the Loan at the time owing to it or in the case of an assignment to a Lender or an Affiliate of a Lender or an Approved Fund with respect to a Lender, the aggregate amount of the Commitment (which
for this purpose includes the Loan outstanding thereunder) subject to each such assignment, determined as of the date the Assignment and Assumption with respect to such assignment is delivered to the Administrative Agent or, if “Trade
Date” is specified in the Assignment and Assumption, as of the Trade Date, shall not be less than $1,000,000 unless each of the Administrative Agent and, so long as no Event of Default has occurred and is continuing, the Borrower Representative
otherwise consents (each such consent not to be unreasonably withheld or delayed) provided, however, that concurrent assignments to members of an Assignee Group and concurrent assignments from members of an Assignee Group to a single
Eligible Assignee (or to an Eligible Assignee and members of its Assignee Group) will be treated as a single assignment for purposes of determining whether such minimum amount has been met; (ii) each partial assignment shall be made as an
assignment of a proportionate part of all the assigning Lender’s rights and obligations under this Credit Agreement with respect to the portion of the Loan or the Commitment assigned; and (iii) the parties to each assignment shall execute
and deliver to the Administrative Agent an Assignment and Assumption, together with a processing and recordation fee in the amount of $3,500; provided, however, that the Administrative Agent may, in its sole discretion, elect to waive
such processing and recordation fee in the case of any assignment. Subject to acceptance and recording thereof by the Administrative Agent pursuant to subsection (c) of this Section, from and after the effective date specified in each
Assignment and Assumption, the Eligible Assignee or Qualified Transferee thereunder shall be a party to this Credit Agreement and, to the extent of the interest assigned by such Assignment and Assumption, have the rights and obligations of a Lender
under this Credit Agreement, and the assigning Lender thereunder shall, to the extent of the interest assigned by such Assignment and Assumption, be released from its obligations under this Credit Agreement (and, in the case of an Assignment and
Assumption covering all of the assigning Lender’s rights and obligations under this Credit Agreement, such Lender shall cease to be a party hereto but shall continue to be entitled to the benefits of Sections 3.01, 3.04,
3.05, 10.04 and 10.05 with respect to facts and circumstances occurring prior to the effective date of such assignment). Upon request, the Borrowers (at their expense) shall execute and deliver a Note to the assignee Lender and,
if the assignor Lender retains a portion of the Loan, a Note to the assignor Lender. Any assignment or transfer by a Lender of rights or obligations under this Credit Agreement that does not comply with this subsection shall be treated for purposes
of this Credit Agreement as a sale by such Lender of a participation in such rights and obligations in accordance with subsection (d) of this Section; provided that in the event of an assignment to a Disqualified Lender, the Parent
Borrower may replace such Lender in accordance with Section 10.13. 
 (c) The Administrative Agent, acting solely for
this purpose as an agent of the Borrowers, shall maintain at the Administrative Agent’s Office a copy of each Assignment and Assumption delivered to it and a register for the recordation of the names and addresses of the Lenders, and the
Commitment of, and principal amounts of the Loan owing to each Lender pursuant to the terms hereof from time to time (the “Register”). The entries in the Register shall be conclusive, and the Borrowers, the Administrative
Agent and the Lenders may treat each  

  
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Person whose name is recorded in the Register pursuant to the terms hereof as a Lender hereunder for all purposes of this Agreement, notwithstanding notice to the contrary. The Register shall be
available for inspection by the Borrower Representative at any reasonable time and from time to time upon reasonable prior notice. 
 (d)
Any Lender may at any time, without the consent of, or notice to, the Borrowers or the Administrative Agent, sell participations to any Person (other than a natural person or the Borrowers or any of the Borrowers’ Affiliates or Subsidiaries)
(each, a “Participant”) in all or a portion of such Lender’s rights and/or obligations under this Credit Agreement (including all or a portion of its Commitment and/or the Loan owing to it); provided that
(i) such Lender’s obligations under this Credit Agreement shall remain unchanged, (ii) such Lender shall remain solely responsible to the other parties hereto for the performance of such obligations and (iii) the Borrowers, the
Administrative Agent and the other Lenders shall continue to deal solely and directly with such Lender in connection with such Lender’s rights and obligations under this Credit Agreement. Any agreement or instrument pursuant to which a Lender
sells such a participation shall provide that such Lender shall retain the sole right to enforce this Credit Agreement and to approve any amendment, modification or waiver of any provision of this Credit Agreement; provided that such
agreement or instrument may provide that such Lender will not, without the consent of the Participant, agree to any amendment, waiver or other modification that extends the time for, reduces the amount or alters the application of proceeds with
respect to such obligations and payments required therein that directly affects such Participant. Subject to subsection (e) of this Section, the Borrowers agree that each Participant shall be entitled to the benefits of
Sections 3.01, 3.04 and 3.05 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 law, each Participant also shall
be entitled to the benefits of Section 10.08 as though it were a Lender, provided such Participant agrees to be subject to Section 2.08 as though it were a Lender. Each Lender that sells a participation shall, acting solely
for this purpose as an agent of the Borrower (in compliance with Section 5f.103-1(c) of the U.S. Treasury Regulations), maintain a register on which it enters the name and address of each Participant and the principal amounts (and stated
interest) of each Commitment and or the Loan under this Credit Agreement. 
 (e) A Participant shall not be entitled to receive any greater
payment under Section 3.01 or 3.04 than the applicable Lender would have been entitled to receive with respect to the participation sold to such Participant. A Participant that would be a Foreign Lender if it were a Lender shall
not be entitled to the benefits of Section 3.01 unless the Borrower Representative is notified of the participation sold to such Participant and such Participant agrees, for the benefit of the Borrowers, to comply with
Section 3.01 as though it were a Lender. 
 (f) Any Lender may at any time pledge or assign a security interest in all or any
portion of its rights under this Credit Agreement (including under its Note, if any) to secure obligations of such Lender, including any pledge or assignment to secure obligations to a Federal Reserve Bank; provided that no such pledge or
assignment shall release such Lender from any of its obligations hereunder or substitute any such pledgee or assignee for such Lender as a party hereto. 

  
 96 

 (g) Notwithstanding anything to the contrary contained herein, any Lender that is a Fund may
(without notice to or the consent of any of the parties hereto) create a security interest in all or any portion of the Loan owing to it and the Note evidencing such portion of the Loan, if any, held by it to the trustee for holders of obligations
owed, or securities issued, by such Fund as security for such obligations or securities, provided that unless and until such trustee actually becomes a Lender in compliance with the other provisions of this Section 10.06, (i) no
such pledge shall release the pledging Lender from any of its obligations under the Credit Documents and (ii) such trustee shall not be entitled to exercise any of the rights of a Lender under the Credit Documents even though such trustee may
have acquired ownership rights with respect to the pledged interest through foreclosure or otherwise. 
 10.07. Treatment of Certain Information;
Confidentiality. 
 Each of the Administrative Agent and the Lenders agree to maintain the confidentiality of the Information
(as defined below), except that Information may be disclosed (a) to its Affiliates and to its and its Affiliates’ respective partners, directors, officers, employees, agents, trustees, advisors and representatives (it being understood that
the Persons to whom such disclosure is made will be informed of the confidential nature of such Information and instructed to keep such Information confidential), (b) to the extent requested by any regulatory authority purporting to have
jurisdiction over it (including any self-regulatory authority, such as the National Association of Insurance Commissioners), (c) to the extent required by applicable laws or regulations or by any subpoena or similar legal process, (d) to
any other party hereto, (e) in connection with the exercise of any remedies hereunder or under any other Credit Document or any action or proceeding relating to this Credit Agreement or any other Credit Document or the enforcement of rights
hereunder or thereunder, (f) subject to an agreement containing provisions substantially the same as those of this Section, to (i) any assignee of or Participant in, or any prospective assignee of or Participant in, any of its rights or
obligations under this Credit Agreement or (ii) any actual or prospective counterparty (or its advisors) to any swap or derivative transaction relating to any Borrower and its obligations, (g) with the consent of the Borrower
Representative or (h) to the extent such Information (i) becomes publicly available other than as a result of a breach of this Section by the disclosing person or (ii) becomes available to the Administrative Agent, any Lender or any
of their respective Affiliates on a nonconfidential basis from a source other than the Credit Parties. 
 For purposes of this
Section, “Information” means all information received from any Credit Party or any Subsidiary thereof relating to any Credit Party or any Subsidiary thereof or their respective businesses, other than any such information that
is available to the Administrative Agent or any Lender on a nonconfidential basis prior to disclosure by any Credit Party or any Subsidiary thereof, provided that, in the case of information received from a Credit Party or any such Subsidiary
after the Closing Date, such information is clearly identified at the time of delivery as 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. 

Each of the Administrative Agent and the Lenders acknowledge that (a) the Information may include material non-public information
concerning the Credit Parties, (b) it has developed 

  
 97 

 
compliance procedures regarding the use of material non-public information and (c) it will handle such material non-public information in accordance with applicable Law, including United
States Federal and state securities Laws. 
 10.08. Set off. 

Subject to the provisions of Section 10.21, if an Event of Default shall have occurred and be continuing, each Lender and each of
their respective Affiliates is hereby authorized at any time and from time to time, to the fullest extent permitted by applicable law, to set off and apply any and all deposits (general or special, time or demand, provisional or final, in whatever
currency) at any time held and other obligations (in whatever currency) at any time owing by such Lender or any such Affiliate to or for the credit or the account of the Credit Parties against any and all of the obligations of the Credit Parties now
or hereafter existing under this Agreement or any other Credit Document to such Lender, irrespective of whether or not such Lender shall have made any demand under this Credit Agreement or any other Credit Document and although such obligations of
the Credit Parties may be contingent or unmatured or are owed to a branch or office of such Lender different from the branch or office holding such deposit or obligated on such indebtedness. The rights of each Lender and their respective Affiliates
under this Section are in addition to other rights and remedies (including other rights of setoff) that such Lender or their respective Affiliates may have. Each Lender agrees to notify the Borrower Representative and the Administrative Agent
promptly after any such setoff and application, provided that the failure to give such notice shall not affect the validity of such setoff and application. Notwithstanding the provisions of this Section 10.08, if at any time any
Lender or any of their respective Affiliates maintains one or more deposit accounts for the Borrowers or any other Credit Party into which Medicare and/or Medicaid receivables are deposited, such Person shall waive the right of setoff set forth
herein. 
 10.09. Interest Rate Limitation. 

Notwithstanding anything to the contrary contained in any Credit Document, the interest paid or agreed to be paid under the
Credit Documents shall not exceed the maximum rate of non-usurious interest permitted by applicable Law (the “Maximum Rate”). If the Administrative Agent or any Lender shall receive
interest in an amount that exceeds the Maximum Rate, the excess interest shall be applied to the principal of the Loan or, if it exceeds such unpaid principal, refunded to the Borrowers. In determining whether the interest contracted for, charged,
or received by the Administrative Agent or a Lender exceeds the Maximum Rate, such Person may, to the extent permitted by applicable Law, (a) characterize any payment that is not principal as an expense, fee, or premium rather than interest,
(b) exclude voluntary prepayments and the effects thereof, and (c) amortize, prorate, allocate, and spread in equal or unequal parts the total amount of interest throughout the contemplated term of the Obligations hereunder.

 10.10. Counterparts; Integration; Effectiveness. 

This Credit Agreement may be executed in counterparts (and by different parties hereto in different counterparts), each of which shall
constitute an original, but all of which when taken together shall constitute a single contract. This Credit Agreement and the other Credit Documents constitute the entire contract among the parties relating to the subject matter hereof

  
 98 

 
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 Credit Agreement
shall become effective when it shall have been executed by the Administrative Agent and when the Administrative Agent shall have received counterparts hereof that, when taken together, bear the signatures of each of the other parties hereto.
Delivery of an executed counterpart of a signature page of this Credit Agreement by telecopy or other electronic imaging means shall be effective as delivery of a manually executed counterpart of this Credit Agreement. 

10.11. Survival of Representations and Warranties. 

All representations and warranties made hereunder and in any other Credit Document or other document delivered pursuant hereto or thereto or in
connection herewith or therewith shall survive the execution and delivery hereof and thereof. Such representations and warranties have been or will be relied upon by the Administrative Agent and each Lender, regardless of any investigation made by
the Administrative Agent or any Lender or on their behalf and except as set forth in Section 5.25 hereof, notwithstanding that the Administrative Agent or any Lender may have had notice or knowledge of any Default or Event of Default existing
at the time of any Borrowing, and shall continue in full force and effect as long as the Loan or any other Obligation hereunder shall remain unpaid or unsatisfied. 

10.12. Severability. 
 If any
provision of this Credit Agreement or the other Credit Documents is held to be illegal, invalid or unenforceable, (a) the legality, validity and enforceability of the remaining provisions of this Credit Agreement and the other Credit Documents
shall not be affected or impaired thereby and (b) the parties shall endeavor in good faith negotiations to replace the illegal, invalid or unenforceable provisions with valid provisions the economic effect of which comes as close as possible to
that of the illegal, invalid or unenforceable provisions. The invalidity of a provision in a particular jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction. 

10.13. Replacement of Lenders. 
 If
any Lender requests compensation under Section 3.04, or if any Borrower is required to pay any additional amount to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 3.01, or if any
Lender can no longer make a Eurodollar Loan under Section 3.02 or if any Lender is a Defaulting Lender or if permitted pursuant to Section 10.01 due to the existence of a Non-Consenting Lender or if any Disqualified Lender
takes an assignment of the Loan or Commitment of a Lender hereunder in contravention of Section 10.06(b), then the Borrower Representative 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 10.06), all of its interests, rights and obligations under this Credit Agreement and
the related Credit Documents to an assignee that shall assume such obligations (which assignee may be another Lender, if a Lender accepts such assignment), provided that: 

(a) the Borrowers shall have paid to the Administrative Agent the assignment fee specified in Section 10.06(b); 

  
 99 

 (b) such Lender shall have received payment of an amount equal to the outstanding principal of
the Loan, accrued interest thereon, accrued fees and all other amounts payable to it hereunder and under the other Credit Documents (including any amounts under Section 3.05) from the assignee (to the extent of such outstanding principal
and accrued interest and fees) or the Borrowers (in the case of all other amounts); 
 (c) in the case of any such assignment resulting from
a claim for compensation under Section 3.04 or payments required to be made pursuant to Section 3.01, such assignment will result in a reduction in such compensation or payments thereafter; and 

(d) such assignment does not conflict with applicable Laws. 

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 Borrower Representative to require such assignment and delegation cease to apply. 
 10.14. No Advisory or
Fiduciary Responsibility. 
 In connection with all aspects of each transaction contemplated hereby, the Borrowers each acknowledge
and agree, and acknowledge their respective Affiliates’ understanding, that: (a) the credit facility provided for hereunder and any related arranging or other services in connection therewith (including in connection with any amendment,
waiver or other modification hereof or of any other Credit Document) are an arm’s-length commercial transaction between the Borrowers and their respective Affiliates, on the one hand, and the Administrative Agent and the Lenders, on the other
hand, and each Borrower is capable of evaluating and understanding and understands and accepts the terms, risks and conditions of the transactions contemplated hereby and by the other Credit Documents (including any amendment, waiver or other
modification hereof or thereof); (b) in connection with the process leading to such transaction, the Administrative Agent and the Lenders are and have been acting solely as principals and no such Person is the financial advisor, agent or
fiduciary, for the Borrowers or any of their respective Affiliates, stockholders, creditors or employees or any other Person; (c) neither the Administrative Agent nor any Lender has assumed or will assume an advisory, agency or fiduciary
responsibility in favor of the Borrowers with respect to any of the transactions contemplated hereby or the process leading thereto, including with respect to any amendment, waiver or other modification hereof or of any other Credit Document
(irrespective of whether the Administrative Agent or any Lender has advised or is currently advising the Borrowers or any of their respective Affiliates on other matters) and neither the Administrative Agent nor any Lender has any obligation to the
Borrowers or any of their respective Affiliates with respect to the transactions contemplated hereby except those obligations expressly set forth herein and in the other Credit Documents; (d) the Administrative Agent, the Lenders and their
respective Affiliates may be engaged in a broad range of transactions that involve interests that differ from those of the Borrowers and their respective Affiliates, and neither the Administrative Agent nor any Lender has any obligation to disclose
any of such interests by virtue of any advisory, agency or fiduciary relationship; and (e) neither the Administrative Agent nor any 

  
 100 

 
Lender has provided and will not provide any legal, accounting, regulatory or tax advice with respect to any of the transactions contemplated hereby (including any amendment, waiver or other
modification hereof or of any other Credit Document) and each Borrower has consulted its own legal, accounting, regulatory and tax advisors to the extent it has deemed appropriate. Each Borrower hereby waives and releases, to the fullest extent
permitted by law, any claims that it may have against the Administrative Agent or any Lender with respect to any breach or alleged breach of agency or fiduciary duty. 

10.15. Source of Funds. 
 Each of
the Lenders hereby represents and warrants to the Borrowers that, as to the source of funds to be used by such Lender in connection with the financing hereunder, no part of such funds constitutes assets of any “employee benefit plan” as
defined in ERISA (or its related trust) or any “plan” as defined in Section 4975 of the Internal Revenue Code. 
 10.16. GOVERNING
LAW. 
 (a) UNLESS OTHERWISE NOTED THEREIN TO THE CONTRARY, THIS AGREEMENT AND THE CREDIT DOCUMENTS AND THE RIGHTS AND OBLIGATIONS OF
THE PARTIES THEREUNDER SHALL IN ALL RESPECTS BE GOVERNED BY, AND CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF ILLINOIS (WITHOUT GIVING EFFECT TO ILLINOIS’ PRINCIPLES OF CONFLICTS OF LAW) AND APPLICABLE UNITED STATES
FEDERAL LAW, EXCEPT FOR THOSE PROVISIONS IN THE CREDIT DOCUMENTS PERTAINING TO THE CREATION, PERFECTION OR VALIDITY OF OR EXECUTION ON LIENS OR SECURITY INTERESTS ON PROPERTY LOCATED IN THE STATE WHERE THE PROPERTY IS LOCATED, WHICH PROVISIONS SHALL
BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE WHERE THE PROPERTY IS LOCATED AND APPLICABLE UNITED STATES FEDERAL LAW. 

(b) ANY LEGAL ACTION OR PROCEEDING WITH RESPECT TO THIS AGREEMENT OR ANY OTHER CREDIT DOCUMENT MAY BE BROUGHT IN THE COURTS OF THE
STATE OF ILLINOIS SITTING IN CHICAGO OR OF THE UNITED STATES FOR THE NORTHERN DISTRICT OF SUCH STATE, AND BY EXECUTION AND DELIVERY OF THIS AGREEMENT, THE BORROWERS, THE ADMINISTRATIVE Agent AND EACH LENDER CONSENTS, FOR ITSELF AND IN RESPECT OF ITS
PROPERTY, TO THE NON-EXCLUSIVE JURISDICTION OF THOSE COURTS. THE BORROWERS, THE ADMINISTRATIVE AGENT AND EACH LENDER IRREVOCABLY WAIVES ANY OBJECTION, INCLUDING ANY OBJECTION TO THE LAYING OF VENUE OR BASED ON
THE GROUNDS OF FORUM NON CONVENIENS, WHICH IT MAY NOW OR HEREAFTER HAVE TO THE BRINGING OF ANY ACTION OR PROCEEDING IN SUCH JURISDICTION IN RESPECT OF ANY CREDIT DOCUMENT OR OTHER DOCUMENT RELATED THERETO. THE BORROWERS, THE ADMINISTRATIVE
AGENT AND EACH LENDER WAIVES PERSONAL SERVICE OF ANY SUMMONS, COMPLAINT OR OTHER PROCESS, WHICH MAY BE MADE BY ANY OTHER MEANS PERMITTED BY THE LAW OF SUCH STATE. 

  
 101 

 10.17. WAIVER OF RIGHT TO TRIAL BY JURY. 

EACH PARTY TO THIS AGREEMENT HEREBY EXPRESSLY WAIVES ANY RIGHT TO TRIAL BY JURY OF ANY CLAIM, DEMAND, ACTION OR CAUSE OF ACTION ARISING UNDER
ANY CREDIT DOCUMENT OR IN ANY WAY CONNECTED WITH OR RELATED OR INCIDENTAL TO THE DEALINGS OF THE PARTIES HERETO OR ANY OF THEM WITH RESPECT TO ANY CREDIT DOCUMENT, OR THE TRANSACTIONS RELATED THERETO, IN EACH CASE WHETHER NOW EXISTING OR HEREAFTER
ARISING, AND WHETHER FOUNDED IN CONTRACT OR TORT OR OTHERWISE; AND EACH PARTY HEREBY AGREES AND CONSENTS THAT ANY SUCH CLAIM, DEMAND, ACTION OR CAUSE OF ACTION SHALL BE DECIDED BY COURT TRIAL WITHOUT A JURY, AND THAT ANY PARTY TO THIS AGREEMENT MAY
FILE AN ORIGINAL COUNTERPART OR A COPY OF THIS SECTION WITH ANY COURT AS WRITTEN EVIDENCE OF THE CONSENT OF THE SIGNATORIES HERETO TO THE WAIVER OF THEIR RIGHT TO TRIAL BY JURY. 

10.18. No Conflict. 
 To the extent
there is any conflict or inconsistency between the provisions hereof and the provisions of any other Credit Document, this Credit Agreement shall control. 

10.19. USA Patriot Act Notice. 

Each Lender and the Administrative Agent (for itself and not on behalf of any Lender) hereby notifies the Borrowers that pursuant
to the requirements of the USA Patriot Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001)) (the “Act”), it is required to obtain, verify and record
information that identifies the Borrowers (and to the extent applicable, the Parent), which information includes the name and address of the respective Borrowers (and to the extent applicable, the Parent) and other information that will allow such
Lender or the Administrative Agent, as applicable, to identify the Borrowers (and to the extent applicable, the Parent) in accordance with the Act. The Borrowers shall, promptly following a request by the Administrative Agent or any Lender, provide
all documentation and other information that the Administrative Agent or such Lender reasonably requests in order to comply with its ongoing obligations under applicable “know your customer” and anti-money laundering rules and regulations,
including the Act. 
 10.20. Entire Agreement. 

THIS CREDIT AGREEMENT AND THE OTHER CREDIT DOCUMENTS REPRESENT THE FINAL AGREEMENT AMONG THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF
PRIOR, CONTEMPORANEOUS, OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES. THERE ARE NO UNWRITTEN ORAL AGREEMENTS AMONG THE PARTIES. 

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK - 

SIGNATURE PAGES AND SCHEDULES AND EXHIBITS TO FOLLOW] 

  
 102 

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

													
	PARENT BORROWER:	 	 AVIV FINANCING VI, L.L.C.,

a Delaware limited liability company,

			
		 	By:	 	 AVIV HEALTHCARE PROPERTIES OPERATING

PARTNERSHIP I, L.P., a Delaware limited
 partnership, its sole
member

				
		 		 	By:	 	 AVIV HEALTHCARE PROPERTIES LIMITED

PARTNERSHIP, a Delaware limited partnership, its
 general
partner

						
		 		 		 	By:	 		 	 AVIV REIT, INC., a Maryland corporation,

its general partner

							
		 		 		 		 		 	By:	 	 /s/ Steven J. Insoft

		 		 		 		 		 		 	Steven J. Insoft
		 		 		 		 		 		 	President and Chief Operating Officer

  

													
	PROPERTY BORROWER:	 	 FINANCING VI HEALTHCARE PROPERTY, L.L.C.,

a Delaware limited liability company,

			
		 	By:	 	 AVIV FINANCING VI, L.L.C., a Delaware limited

liability company, its sole member

				
		 		 	By:	 	 AVIV HEALTHCARE PROPERTIES

OPERATING PARTNERSHIP I, L.P., a
 Delaware limited partnership,
its sole member

					
		 		 		 	By:	 	 AVIV HEALTHCARE PROPERTIES
 LIMITED
PARTNERSHIP, a Delaware
 limited partnership, its general partner

						
		 		 		 		 	By:	 	 AVIV REIT, INC., a Maryland

corporation, its general partner

							
		 		 		 		 		 	By:	 	 /s/ Steven J. Insoft

		 		 		 		 		 		 	 Steven J. Insoft
 President and Chief Operating
Officer

 [Signatures Continued on Next Page] 

[AVIV –Credit Agreement] 

							
	ADMINISTRATIVE AGENT:	 		 	 GENERAL ELECTRIC CAPITAL 

CORPORATION, as Administrative Agent

				
		 		 	By:	 	 /s/ Daniel Reilly

		 		 		 	 Daniel Reilly
 Authorized
Signatory

  

							
	LENDERS:	 		 	 GENERAL ELECTRIC CAPITAL

CORPORATION, as Lender

				
		 		 	By:	 	 /s/ Daniel Reilly

		 		 		 	 Daniel Reilly
 Authorized
Signatory

 [AVIV –Credit Agreement] 

 SCHEDULE 2.02 

AMORTIZATION SCHEDULE 
 [see
attached] 

 Amortization Schedule 
  

									
	Closing Date	  	12/17/2014	  	Index	  	0.500%	 	
	End of Accrual Date	  	12/31/2014	  	Spread	  	3.500%	 	
	First Payment Date	  	2/1/2015	  	# of periods	  	60	 	
	Original Balance	  	$180,000,000	  	Amort Rate	  	6.000%	 	
	Maturity Date	  	12/17/2019	  	Int Conv	  	Actual/360	 	
	Sub-Interest Accrual	  	$300,000	  	Int Only Period	  	24	 	Months
		  		  	Amort Period	  	360	 	Months

  

																					
	 Annual Summary
	  	Days	 	  	Ending Balance	 	  	Principal	 	  	Prepayment	 	  	Balloon
Amount	 
	 Year 1
	  	 	365	  	  	 	180,000,000.00	  	  	 	0	  	  	 	0	  	  	 	0	  
	 Year 2
	  	 	366	  	  	 	180,000,000.00	  	  	 	0	  	  	 	0	  	  	 	0	  
	 Year 3
	  	 	365	  	  	 	177,789,578.92	  	  	 	2,210,421	  	  	 	0	  	  	 	0	  
	 Year 4
	  	 	365	  	  	 	175,442,823.90	  	  	 	2,346,755	  	  	 	0	  	  	 	0	  
	 Year 5
	  	 	350	  	  	 	0.00	  	  	 	2,278,130	  	  	 	173,164,694	  	  	 	173,164,694	  
	 Year 6
	  	 	0	  	  	 	0.00	  	  	 	0	  	  	 	0	  	  	 	0	  
	 Year 7
	  	 	0	  	  	 	0.00	  	  	 	0	  	  	 	0	  	  	 	0	  
	 Year 8
	  	 	0	  	  	 	0.00	  	  	 	0	  	  	 	0	  	  	 	0	  
	 Year 9
	  	 	0	  	  	 	0.00	  	  	 	0	  	  	 	0	  	  	 	0	  
	 Year 10
	  	 	0	  	  	 	0.00	  	  	 	0	  	  	 	0	  	  	 	0	  

  

																									
	 Period
	  	Date	 	  	Days	 	  	Ending Balance	 	  	Principal	 	  	Prepayment	 	  	Balloon
Amount	 
	 0
	  	 	12/17/2014	  	  				  	 	180,000,000.00	  	  				  				  			
	 1
	  	 	2/1/2015	  	  	 	31	  	  	 	180,000,000.00	  	  	 	0.00	  	  	 	0.00	  	  	 	0.00	  
	 2
	  	 	3/1/2015	  	  	 	28	  	  	 	180,000,000.00	  	  	 	0.00	  	  	 	0.00	  	  	 	0.00	  
	 3
	  	 	4/1/2015	  	  	 	31	  	  	 	180,000,000.00	  	  	 	0.00	  	  	 	0.00	  	  	 	0.00	  
	 4
	  	 	5/1/2015	  	  	 	30	  	  	 	180,000,000.00	  	  	 	0.00	  	  	 	0.00	  	  	 	0.00	  
	 5
	  	 	6/1/2015	  	  	 	31	  	  	 	180,000,000.00	  	  	 	0.00	  	  	 	0.00	  	  	 	0.00	  
	 6
	  	 	7/1/2015	  	  	 	30	  	  	 	180,000,000.00	  	  	 	0.00	  	  	 	0.00	  	  	 	0.00	  
	 7
	  	 	8/1/2015	  	  	 	31	  	  	 	180,000,000.00	  	  	 	0.00	  	  	 	0.00	  	  	 	0.00	  
	 8
	  	 	9/1/2015	  	  	 	31	  	  	 	180,000,000.00	  	  	 	0.00	  	  	 	0.00	  	  	 	0.00	  
	 9
	  	 	10/1/2015	  	  	 	30	  	  	 	180,000,000.00	  	  	 	0.00	  	  	 	0.00	  	  	 	0.00	  
	 10
	  	 	11/1/2015	  	  	 	31	  	  	 	180,000,000.00	  	  	 	0.00	  	  	 	0.00	  	  	 	0.00	  
	 11
	  	 	12/1/2015	  	  	 	30	  	  	 	180,000,000.00	  	  	 	0.00	  	  	 	0.00	  	  	 	0.00	  
	 12
	  	 	1/1/2016	  	  	 	31	  	  	 	180,000,000.00	  	  	 	0.00	  	  	 	0.00	  	  	 	0.00	  
	 13
	  	 	2/1/2016	  	  	 	31	  	  	 	180,000,000.00	  	  	 	0.00	  	  	 	0.00	  	  	 	0.00	  
	 14
	  	 	3/1/2016	  	  	 	29	  	  	 	180,000,000.00	  	  	 	0.00	  	  	 	0.00	  	  	 	0.00	  
	 15
	  	 	4/1/2016	  	  	 	31	  	  	 	180,000,000.00	  	  	 	0.00	  	  	 	0.00	  	  	 	0.00	  
	 16
	  	 	5/1/2016	  	  	 	30	  	  	 	180,000,000.00	  	  	 	0.00	  	  	 	0.00	  	  	 	0.00	  
	 17
	  	 	6/1/2016	  	  	 	31	  	  	 	180,000,000.00	  	  	 	0.00	  	  	 	0.00	  	  	 	0.00	  
	 18
	  	 	7/1/2016	  	  	 	30	  	  	 	180,000,000.00	  	  	 	0.00	  	  	 	0.00	  	  	 	0.00	  
	 19
	  	 	8/1/2016	  	  	 	31	  	  	 	180,000,000.00	  	  	 	0.00	  	  	 	0.00	  	  	 	0.00	  
	 20
	  	 	9/1/2016	  	  	 	31	  	  	 	180,000,000.00	  	  	 	0.00	  	  	 	0.00	  	  	 	0.00	  
	 21
	  	 	10/1/2016	  	  	 	30	  	  	 	180,000,000.00	  	  	 	0.00	  	  	 	0.00	  	  	 	0.00	  
	 22
	  	 	11/1/2016	  	  	 	31	  	  	 	180,000,000.00	  	  	 	0.00	  	  	 	0.00	  	  	 	0.00	  
	 23
	  	 	12/1/2016	  	  	 	30	  	  	 	180,000,000.00	  	  	 	0.00	  	  	 	0.00	  	  	 	0.00	  
	 24
	  	 	1/1/2017	  	  	 	31	  	  	 	180,000,000.00	  	  	 	0.00	  	  	 	0.00	  	  	 	0.00	  
	 25
	  	 	2/1/2017	  	  	 	31	  	  	 	179,820,809.05	  	  	 	179,190.95	  	  	 	0.00	  	  	 	0.00	  
	 26
	  	 	3/1/2017	  	  	 	28	  	  	 	179,640,722.15	  	  	 	180,086.90	  	  	 	0.00	  	  	 	0.00	  
	 27
	  	 	4/1/2017	  	  	 	31	  	  	 	179,459,734.82	  	  	 	180,987.33	  	  	 	0.00	  	  	 	0.00	  
	 28
	  	 	5/1/2017	  	  	 	30	  	  	 	179,277,842.55	  	  	 	181,892.27	  	  	 	0.00	  	  	 	0.00	  
	 29
	  	 	6/1/2017	  	  	 	31	  	  	 	179,095,040.82	  	  	 	182,801.73	  	  	 	0.00	  	  	 	0.00	  
	 30
	  	 	7/1/2017	  	  	 	30	  	  	 	178,911,325.08	  	  	 	183,715.74	  	  	 	0.00	  	  	 	0.00	  
	 31
	  	 	8/1/2017	  	  	 	31	  	  	 	178,726,690.76	  	  	 	184,634.32	  	  	 	0.00	  	  	 	0.00	  
	 32
	  	 	9/1/2017	  	  	 	31	  	  	 	178,541,133.26	  	  	 	185,557.49	  	  	 	0.00	  	  	 	0.00	  
	 33
	  	 	10/1/2017	  	  	 	30	  	  	 	178,354,647.98	  	  	 	186,485.28	  	  	 	0.00	  	  	 	0.00	  
	 34
	  	 	11/1/2017	  	  	 	31	  	  	 	178,167,230.28	  	  	 	187,417.71	  	  	 	0.00	  	  	 	0.00	  
	 35
	  	 	12/1/2017	  	  	 	30	  	  	 	177,978,875.49	  	  	 	188,354.79	  	  	 	0.00	  	  	 	0.00	  
	 36
	  	 	1/1/2018	  	  	 	31	  	  	 	177,789,578.92	  	  	 	189,296.57	  	  	 	0.00	  	  	 	0.00	  
	 37
	  	 	2/1/2018	  	  	 	31	  	  	 	177,599,335.87	  	  	 	190,243.05	  	  	 	0.00	  	  	 	0.00	  
	 38
	  	 	3/1/2018	  	  	 	28	  	  	 	177,408,141.60	  	  	 	191,194.27	  	  	 	0.00	  	  	 	0.00	  
	 39
	  	 	4/1/2018	  	  	 	31	  	  	 	177,215,991.36	  	  	 	192,150.24	  	  	 	0.00	  	  	 	0.00	  
	 40
	  	 	5/1/2018	  	  	 	30	  	  	 	177,022,880.38	  	  	 	193,110.99	  	  	 	0.00	  	  	 	0.00	  
	 41
	  	 	6/1/2018	  	  	 	31	  	  	 	176,828,803.83	  	  	 	194,076.54	  	  	 	0.00	  	  	 	0.00	  
	 42
	  	 	7/1/2018	  	  	 	30	  	  	 	176,633,756.91	  	  	 	195,046.93	  	  	 	0.00	  	  	 	0.00	  
	 43
	  	 	8/1/2018	  	  	 	31	  	  	 	176,437,734.75	  	  	 	196,022.16	  	  	 	0.00	  	  	 	0.00	  
	 44
	  	 	9/1/2018	  	  	 	31	  	  	 	176,240,732.47	  	  	 	197,002.27	  	  	 	0.00	  	  	 	0.00	  
	 45
	  	 	10/1/2018	  	  	 	30	  	  	 	176,042,745.19	  	  	 	197,987.28	  	  	 	0.00	  	  	 	0.00	  
	 46
	  	 	11/1/2018	  	  	 	31	  	  	 	175,843,767.97	  	  	 	198,977.22	  	  	 	0.00	  	  	 	0.00	  
	 47
	  	 	12/1/2018	  	  	 	30	  	  	 	175,643,795.87	  	  	 	199,972.11	  	  	 	0.00	  	  	 	0.00	  
	 48
	  	 	1/1/2019	  	  	 	31	  	  	 	175,442,823.90	  	  	 	200,971.97	  	  	 	0.00	  	  	 	0.00	  
	 49
	  	 	2/1/2019	  	  	 	31	  	  	 	175,240,847.07	  	  	 	201,976.83	  	  	 	0.00	  	  	 	0.00	  
	 50
	  	 	3/1/2019	  	  	 	28	  	  	 	175,037,860.36	  	  	 	202,986.71	  	  	 	0.00	  	  	 	0.00	  
	 51
	  	 	4/1/2019	  	  	 	31	  	  	 	174,833,858.72	  	  	 	204,001.64	  	  	 	0.00	  	  	 	0.00	  
	 52
	  	 	5/1/2019	  	  	 	30	  	  	 	174,628,837.07	  	  	 	205,021.65	  	  	 	0.00	  	  	 	0.00	  
	 53
	  	 	6/1/2019	  	  	 	31	  	  	 	174,422,790.31	  	  	 	206,046.76	  	  	 	0.00	  	  	 	0.00	  
	 54
	  	 	7/1/2019	  	  	 	30	  	  	 	174,215,713.32	  	  	 	207,076.99	  	  	 	0.00	  	  	 	0.00	  
	 55
	  	 	8/1/2019	  	  	 	31	  	  	 	174,007,600.94	  	  	 	208,112.38	  	  	 	0.00	  	  	 	0.00	  
	 56
	  	 	9/1/2019	  	  	 	31	  	  	 	173,798,448.00	  	  	 	209,152.94	  	  	 	0.00	  	  	 	0.00	  
	 57
	  	 	10/1/2019	  	  	 	30	  	  	 	173,588,249.29	  	  	 	210,198.71	  	  	 	0.00	  	  	 	0.00	  
	 58
	  	 	11/1/2019	  	  	 	31	  	  	 	173,376,999.59	  	  	 	211,249.70	  	  	 	0.00	  	  	 	0.00	  
	 59
	  	 	12/1/2019	  	  	 	30	  	  	 	173,164,693.64	  	  	 	212,305.95	  	  	 	0.00	  	  	 	0.00	  
	 60
	  	 	12/17/2019	  	  	 	16	  	  	 	0.00	  	  	 	0.00 	  	  	 	173,164,693.64	  	  	 	173,164,693.64	  
	 61
	  	 	12/17/2019	  	  	 	0	  	  	 	0.00	  	  	 	0.00	  	  	 	0.00	  	  	 	0.00	  
	 62
	  	 	12/17/2019	  	  	 	0	  	  	 	0.00	  	  	 	0.00	  	  	 	0.00	  	  	 	0.00	  
	 63
	  	 	12/17/2019	  	  	 	0	  	  	 	0.00	  	  	 	0.00	  	  	 	0.00	  	  	 	0.00	  
	 64
	  	 	12/17/2019	  	  	 	0	  	  	 	0.00	  	  	 	0.00	  	  	 	0.00	  	  	 	0.00	  
	 65
	  	 	12/17/2019	  	  	 	0	  	  	 	0.00	  	  	 	0.00	  	  	 	0.00	  	  	 	0.00	  
	 66
	  	 	12/17/2019	  	  	 	0	  	  	 	0.00	  	  	 	0.00	  	  	 	0.00	  	  	 	0.00	  
	 67
	  	 	12/17/2019	  	  	 	0	  	  	 	0.00	  	  	 	0.00	  	  	 	0.00	  	  	 	0.00	  
	 68
	  	 	12/17/2019	  	  	 	0	  	  	 	0.00	  	  	 	0.00	  	  	 	0.00	  	  	 	0.00	  
	 69
	  	 	12/17/2019	  	  	 	0	  	  	 	0.00	  	  	 	0.00	  	  	 	0.00	  	  	 	0.00	  
	 70
	  	 	12/17/2019	  	  	 	0	  	  	 	0.00	  	  	 	0.00	  	  	 	0.00	  	  	 	0.00	  
	 71
	  	 	12/17/2019	  	  	 	0	  	  	 	0.00	  	  	 	0.00	  	  	 	0.00	  	  	 	0.00	  
	 72
	  	 	12/17/2019	  	  	 	0	  	  	 	0.00	  	  	 	0.00	  	  	 	0.00	  	  	 	0.00	  
	 73
	  	 	12/17/2019	  	  	 	0	  	  	 	0.00	  	  	 	0.00	  	  	 	0.00	  	  	 	0.00	  
	 74
	  	 	12/17/2019	  	  	 	0	  	  	 	0.00	  	  	 	0.00	  	  	 	0.00	  	  	 	0.00	  
	 75
	  	 	12/17/2019	  	  	 	0	  	  	 	0.00	  	  	 	0.00	  	  	 	0.00	  	  	 	0.00	  
	 76
	  	 	12/17/2019	  	  	 	0	  	  	 	0.00	  	  	 	0.00	  	  	 	0.00	  	  	 	0.00	  
	 77
	  	 	12/17/2019	  	  	 	0	  	  	 	0.00	  	  	 	0.00	  	  	 	0.00	  	  	 	0.00	  
	 78
	  	 	12/17/2019	  	  	 	0	  	  	 	0.00	  	  	 	0.00	  	  	 	0.00	  	  	 	0.00	  
	 79
	  	 	12/17/2019	  	  	 	0	  	  	 	0.00	  	  	 	0.00	  	  	 	0.00	  	  	 	0.00	  
	 80
	  	 	12/17/2019	  	  	 	0	  	  	 	0.00	  	  	 	0.00	  	  	 	0.00	  	  	 	0.00	  
	 81
	  	 	12/17/2019	  	  	 	0	  	  	 	0.00	  	  	 	0.00	  	  	 	0.00	  	  	 	0.00	  
	 82
	  	 	12/17/2019	  	  	 	0	  	  	 	0.00	  	  	 	0.00	  	  	 	0.00	  	  	 	0.00	  
	 83
	  	 	12/17/2019	  	  	 	0	  	  	 	0.00	  	  	 	0.00	  	  	 	0.00	  	  	 	0.00	  
	 84
	  	 	12/17/2019	  	  	 	0	  	  	 	0.00	  	  	 	0.00	  	  	 	0.00	  	  	 	0.00	  

 SCHEDULE 2.07 

LENDERS AND COMMITMENTS 
  

									
	 Lender
	  	Term Loan
Commitment	 	  	Term Commitment
Percentage	 
	 General Electric Capital Corporation
	  	$	180,000,000.00	  	  	 	100.0000	% 

 SCHEDULE 2.10 

LOAN ALLOCATIONS AMONG BORROWERS 
  

					
	 Borrower
	  	Total	 
	 Financing VI Healthcare Property, L.L.C.
	  	$	180,000,000.00	  

 SCHEDULE 5.01(c) 

SALE, TRANSFER OR OTHER DISPOSITION OR PURCHASE OR OTHER ACQUISITION 

None. 

 SCHEDULE 5.11 

CORPORATE STRUCTURE; CAPITAL STOCK 
  

													
	 Borrower’s Legal Name
	  	State of
Formation	  	Tax ID	  	% of Capital
Stock
Outstanding	 	 	Persons Holding Equity or
Voting Interests (%)	 	Outstanding
Options,
Warrants,
Rights of
Conversion of
Purchase or
Similar
	 Aviv Financing VI, L.L.C.
	  	DE	  	61-1749036	  	 	100	% 	 	Aviv Healthcare Properties
Operating Partnership I, L.P.
(100%)	 	None.
	 Financing VI Healthcare Property, L.L.C.
	  	DE	  	35-2519380	  	 	100	% 	 	Aviv Financing VI, L.L.C.
(100%)	 	None.

 Organizational Chart 
  

 

 SCHEDULE 5.12 

REAL PROPERTY ASSET MATTERS 
  

			
	Part I	  	Real Property Assets
	Part II	  	Delinquent Tenants
	Part III	  	Material Sub-Leases

 SCHEDULE 5.12 

PART I – REAL PROPERTY ASSETS 
  

													
	 Site
No.
	 	 Real Property Asset

Address
	 	 Borrower/Owner
	 	 Facility Operating Leases
	 	 Eligible Tenant1
	 	 Facility Operating
Lease
Termination Date
	 	 Ground Leases

							
	1	 	1701 South Jefferson Avenue, Defiance, OH	 	Financing VI Healthcare Property, L.L.C.	 	 1. Amended and Restated Master Lease and Security Agreement
  

2. First Amendment to Amended and Restated Master Lease and Security Agreement
	 	LHCC Properties, LLC (subleased to Oak Health Care Investors of Defiance, Inc.)	 	12/31/2029, plus 2 options of 5 years each	 	N/A
							
	2	 	175 Chillicothe Avenue, Hillsboro, OH	 	Financing VI Healthcare Property, L.L.C.	 	See Site 1 above.	 	LHCC Properties, LLC (subleased to Laurel Health Care Company of Hillsboro)	 	12/31/2012/31/2029, plus 2 options of 5 years each 29	 	N/A
							
	3	 	2000 Sherman Circle NE, Massillon, OH	 	Financing VI Healthcare Property, L.L.C.	 	See Site 1 above.	 	LHCC Properties, LLC (subleased to Fairport Enterprises, Inc.)	 	12/31/2029, plus 2 options of 5 years each	 	N/A
							
	4	 	13 Avalon Road, Mt. Vernon, OH	 	Financing VI Healthcare Property, L.L.C.	 	See Site 1 above.	 	LHCC Properties, LLC (subleased to Oak Health Care Investors of Mt. Vernon, Inc.)	 	12/31/2029, plus 2 options of 5 years each	 	N/A
							
	5	 	6830 North High Street, Worthington, OH	 	Financing VI Healthcare Property, L.L.C.	 	See Site 1 above.	 	LHCC Properties, LLC (subleased to Laurel Health Care Company of North Worthington)	 	12/31/2029, plus 2 options of 5 years each	 	N/A
							
	6	 	10731 & 10703 State Route 118, Rockford, OH	 	Financing VI Healthcare Property, L.L.C.	 	See Site 1 above.	 	LHCC Properties, LLC (subleased to The Laurels of Rockford, Inc.)	 	12/31/2029, plus 2 options of 5 years each	 	N/A
							
	7	 	1030 High Street, Worthington, OH	 	Financing VI Healthcare Property, L.L.C.	 	See Site 1 above.	 	LHCC Properties, LLC (subleased to Laurel Health Care Company of Worthington)	 	12/31/2029, plus 2 options of 5 years each	 	N/A
							
	8	 	270 North Bedford Road, Battle Creek, MI	 	Financing VI Healthcare Property, L.L.C.	 	See Site 1 above.	 	LHCC Properties, LLC (subleased to Laurel Health Care Company of Battle Creek)	 	12/31/2029, plus 2 options of 5 years each	 	N/A
							
	9	 	90 North Michigan Avenue, Coldwater, MI	 	Financing VI Healthcare Property, L.L.C.	 	See Site 1 above.	 	LHCC Properties, LLC (subleased to Oak Health Care Investors of Coldwater, Inc.)	 	12/31/2029, plus 2 options of 5 years each	 	N/A
							
	10	 	RFD #1, 4735 Ranger Road, Perrinton, MI	 	Financing VI Healthcare Property, L.L.C.	 	See Site 1 above.	 	LHCC Properties, LLC (subleased to Laurel Health Care Company of Perrinton)	 	12/31/2029, plus 2 options of 5 years each	 	N/A
							
	11	 	1080 North 35th Street, Galesburg, MI	 	Financing VI Healthcare Property, L.L.C.	 	See Site 1 above.	 	LHCC Properties, LLC (subleased to Laurel Health Care Company of Galesburg)	 	12/31/2029, plus 2 options of 5 years each	 	N/A

  

	1 	Unless otherwise noted, the address of Eligible Tenant is c/o LHCC Properties, LLC, 8181 Worthington Road, Westerville, Ohio 43082. 

													
	 Site
No.
	 	 Real Property Asset

Address
	 	 Borrower/Owner
	 	 Facility Operating Leases
	 	 Eligible Tenant1
	 	 Facility Operating
Lease
Termination Date
	 	 Ground Leases

							
	12	 	3650 Van Buren Road, Hudsonville, MI	 	Financing VI Healthcare Property, L.L.C.	 	See Site 1 above.	 	LHCC Properties, LLC (subleased to Laurel Health Care Company of Hudsonville)	 	12/31/2029, plus 2 options of 5 years each	 	N/A
							
	13	 	350 North Center Street, Lowell, MI	 	Financing VI Healthcare Property, L.L.C.	 	See Site 1 above.	 	LHCC Properties, LLC (subleased to Laurel Health Care Company of Lowell)	 	12/31/2029, plus 2 options of 5 years each	 	N/A
							
	14	 	400 South Crapo Street, Mt. Pleasant, MI	 	Financing VI Healthcare Property, L.L.C.	 	See Site 1 above.	 	LHCC Properties, LLC (subleased to Laurel Health Care Company of Mt. Pleasant)	 	12/31/2029, plus 2 options of 5 years each	 	N/A
							
	15	 	425 East Elm Street, Wayland, MI	 	Financing VI Healthcare Property, L.L.C.	 	See Site 1 above.	 	LHCC Properties, LLC (subleased to Laurel Health Care Company of Wayland)	 	12/31/2029, plus 2 options of 5 years each	 	N/A
							
	16	 	200 Westbrook Court, Marshall, MI	 	Financing VI Healthcare Property, L.L.C.	 	See Site 1 above.	 	LHCC Properties, LLC (subleased to Laurel Assisted Living Center of Marshall, Inc.)	 	12/31/2029, plus 2 options of 5 years each	 	N/A
							
	17	 	1945 Churchill Boulevard, Mt. Pleasant, MI	 	Financing VI Healthcare Property, L.L.C.	 	See Site 1 above.	 	LHCC Properties, LLC (subleased to Laurel Health Care Company of Isabella)	 	12/31/2029, plus 2 options of 5 years each	 	N/A
							
	18	 	100 & 200 Riceville Road, Asheville, NC	 	Financing VI Healthcare Property, L.L.C.	 	See Site 1 above.	 	LHCC Properties, LLC (subleased to The Laurels of Ashwood Manor, Inc.)	 	12/31/2029, plus 2 options of 5 years each	 	N/A
							
	19	 	72 Chatham Business Drive, Pittsboro, NC	 	Financing VI Healthcare Property, L.L.C.	 	See Site 1 above.	 	LHCC Properties, LLC (subleased to Laurel Health Care Company of Chatham, North Carolina, Inc.)	 	12/31/2029, plus 2 options of 5 years each	 	N/A
							
	20	 	1101 Hartwell Street P.O. Box 509, Garner, NC	 	Financing VI Healthcare Property, L.L.C.	 	See Site 1 above.	 	LHCC Properties, LLC (subleased to Oak Health Care Investors of North Carolina, Inc.)	 	12/31/2029, plus 2 options of 5 years each	 	N/A
							
	21	 	70 Sweeten Creek Road, Asheville, NC	 	Financing VI Healthcare Property, L.L.C.	 	See Site 1 above.	 	LHCC Properties, LLC (subleased to The Laurels of GreenTree Ridge, Inc.)	 	12/31/2029, plus 2 options of 5 years each	 	N/A
							
	22	 	215 Lash Drive, Salisbury, NC	 	Financing VI Healthcare Property, L.L.C.	 	See Site 1 above.	 	LHCC Properties, LLC (subleased to Oak Health Care Investors of Salisbury, Inc.)	 	12/31/2029, plus 2 options of 5 years each	 	N/A
							
	23	 	100 Riceville Road, Asheville, NC	 	Financing VI Healthcare Property, L.L.C.	 	See Site 1 above.	 	LHCC Properties, LLC (subleased to The Laurels of Summit Inn, Inc.)	 	12/31/2029, plus 2 options of 5 years each	 	N/A
							
	24	 	520 West Liberty Street, Butler, IN	 	Financing VI Healthcare Property, L.L.C.	 	See Site 1 above.	 	LHCC Properties, LLC (subleased to Oak Health Care Investors, Inc.)	 	12/31/2029, plus 2 options of 5 years each	 	N/A

													
	 Site
No.
	 	 Real Property Asset

Address
	 	 Borrower/Owner
	 	 Facility Operating Leases
	 	 Eligible Tenant1
	 	 Facility Operating
Lease
Termination Date
	 	 Ground Leases

							
	25	 	290 Clear Creek Road, Hendersonville, NC	 	Financing VI Healthcare Property, L.L.C.	 	See Site 1 above.	 	LHCC Properties, LLC (subleased to Laurel Health Care Company of North Carolina, Inc.)	 	Earlier of: (a) 12/31/2029 plus 2 options of 5 years each and (b) the day before the expiration of applicable Prime Lease	 	 Lessor
  

Elderberry of Hendersonville, LLC
  

Termination Date
  

12/31/2020
  

Ground Lease
  

1. Lease Agreement
  

2. Agreement
  

3. Second Amendment and Extension of Lease
  

4. Third Amendment of Lease Agreement
  

5. Landlord Estoppel Certificate

							
	26	 	11611 Robious Road, Midlothian, VA	 	Financing VI Healthcare Property, L.L.C.	 	See Site 1 above.	 	LHCC Properties, LLC (subleased to Oak Health Care Investors of Richmond, Virginia, Inc.)	 	Earlier of: (a) 12/31/2029 plus 2 options of 5 years each and (b) the day before the expiration of applicable Prime Lease	 	 Lessor
  

G&E HC REIT II
 Midlothian SNF, LLC

 
 Termination Date

 
 2/28/2025, plus 2 options of 5 years each

 
 Ground Lease

 
 1. Lease Agreement

 
 2. Notice of Assignment of Lease

 
 3. Assignment and Assumption Agreement and Consent

 
 4. Landlord consent and Estoppel Certificate

 
 5. Subordination, Non-Disturbance and Attornment Agreement

 SCHEDULE 5.12 

PART II – DELINQUENT TENANTS 

None. 

 SCHEDULE 5.12 

PART III – MATERIAL SUB-LEASES 
  

													
	 Site
No.
	 	 Real Property Asset
Address
	 	 Borrower/Owner
	 	 Sublease
	 	 Subtenant
	 	 Sublease
Termination Date
	 	 Subtenant’s Rental
Payment Status2

							
	1	 	1701 South Jefferson Avenue, Defiance, OH	 	Financing VI Healthcare Property, L.L.C.	 	Sublease dated July 1, 2014 between LHCC Properties, LLC and Subtenant	 	Oak Health Care Investors of Defiance, Inc.	 	12/31/2029	 	
							
	2	 	175 Chillicothe Avenue, Hillsboro, OH	 	Financing VI Healthcare Property, L.L.C.	 	Sublease dated July 1, 2014 between LHCC Properties, LLC and Subtenant	 	Laurel Health Care Company of Hillsboro	 	12/31/2029	 	
							
	3	 	2000 Sherman Circle NE, Massillon, OH	 	Financing VI Healthcare Property, L.L.C.	 	Sublease dated July 1, 2014 between LHCC Properties, LLC and Subtenant	 	Fairport Enterprises, Inc.	 	12/31/2029	 	
							
	4	 	13 Avalon Road, Mt. Vernon, OH	 	Financing VI Healthcare Property, L.L.C.	 	Sublease dated July 1, 2014 between LHCC Properties, LLC and Subtenant	 	Oak Health Care Investors of Mt. Vernon, Inc.	 	12/31/2029	 	
							
	5	 	6830 North High Street, Worthington, OH	 	Financing VI Healthcare Property, L.L.C.	 	Sublease dated July 1, 2014 between LHCC Properties, LLC and Subtenant	 	Laurel Health Care Company of NorthWorthington	 	12/31/2029	 	
							
	6	 	10731 & 10703 State Route 118, Rockford, OH	 	Financing VI Healthcare Property, L.L.C.	 	Sublease dated July 1, 2014 between LHCC Properties, LLC and Subtenant	 	The Laurels of Rockford, Inc.	 	12/31/2029	 	
							
	7	 	1030 High Street, Worthington, OH	 	Financing VI Healthcare Property, L.L.C.	 	Sublease dated July 1, 2014 between LHCC Properties, LLC and Subtenant	 	Laurel Health Care Company of Worthington	 	12/31/2029	 	
							
	8	 	270 North Bedford Road, Battle Creek, MI	 	Financing VI Healthcare Property, L.L.C.	 	Sublease dated July 1, 2014 between LHCC Properties, LLC and Subtenant	 	Laurel Health Care Company of Battle Creek	 	12/31/2029	 	
							
	9	 	90 North Michigan Avenue, Coldwater, MI	 	Financing VI Healthcare Property, L.L.C.	 	Sublease dated July 1, 2014 between LHCC Properties, LLC and Subtenant	 	Oak Health Care Investors of Coldwater, Inc.	 	12/31/2029	 	
							
	10	 	RFD #1, 4735 Ranger Road, Perrinton, MI	 	Financing VI Healthcare Property, L.L.C.	 	Sublease dated July 1, 2014 between LHCC Properties, LLC and Subtenant	 	Laurel Health Care Company of Perrinton	 	12/31/2029	 	
							
	11	 	1080 North 35th Street, Galesburg, MI	 	Financing VI Healthcare Property, L.L.C.	 	Sublease dated July 1, 2014 between LHCC Properties, LLC and Subtenant	 	Laurel Health Care Company of Galesburg	 	12/31/2029	 	
							
	12	 	3650 Van Buren Road, Hudsonville, MI	 	Financing VI Healthcare Property, L.L.C.	 	Sublease dated July 1, 2014 between LHCC Properties, LLC and Subtenant	 	Laurel Health Care Company of Hudsonville	 	12/31/2029	 	
							
	13	 	350 North Center Street, Lowell, MI	 	Financing VI Healthcare Property, L.L.C.	 	Sublease dated July 1, 2014 between LHCC Properties, LLC and Subtenant	 	Laurel Health Care Company of Lowell	 	12/31/2029	 	
							
	14	 	400 South Crapo Street, Mt. Pleasant, MI	 	Financing VI Healthcare Property, L.L.C.	 	Sublease dated July 1, 2014 between LHCC Properties, LLC and Subtenant	 	Laurel Health Care Company of Mt. Pleasant	 	12/31/2029	 	
							
	15	 	425 East Elm Street, Wayland, MI	 	Financing VI Healthcare Property, L.L.C.	 	Sublease dated July 1, 2014 between LHCC Properties, LLC and Subtenant	 	Laurel Health Care Company of Wayland	 	12/31/2029	 	
							
	16	 	200 Westbrook Court, Marshall, MI	 	Financing VI Healthcare Property, L.L.C.	 	Sublease dated July 1, 2014 between LHCC Properties, LLC and Subtenant	 	Laurel Assisted Living Center of Marshall, Inc.	 	12/31/2029	 	
							
	17	 	1945 Churchill Boulevard, Mt. Pleasant, MI	 	Financing VI Healthcare Property, L.L.C.	 	Sublease dated July 1, 2014 between LHCC Properties, LLC and Subtenant	 	Laurel Health Care Company of Isabella	 	12/31/2029	 	

													
	 Site
No.
	 	 Real Property Asset
Address
	 	 Borrower/Owner
	 	 Sublease
	 	 Subtenant
	 	 Sublease
Termination Date
	 	 Subtenant’s Rental
Payment Status2

							
	18	 	100 & 200 Riceville Road, Asheville, NC	 	Financing VI Healthcare Property, L.L.C.	 	Sublease dated July 1, 2014 between LHCC Properties, LLC and Subtenant	 	The Laurels of Ashwood Manor, Inc.	 	12/31/2029	 	
							
	19	 	72 Chatham Business Drive, Pittsboro, NC	 	Financing VI Healthcare Property, L.L.C.	 	Sublease dated July 1, 2014 between LHCC Properties, LLC and Subtenant	 	Laurel Health Care Company of Chatham, North Carolina, Inc.	 	12/31/2029	 	
							
	20	 	1101 Hartwell Street P.O. Box 509, Garner, NC	 	Financing VI Healthcare Property, L.L.C.	 	Sublease dated July 1, 2014 between LHCC Properties, LLC and Subtenant	 	Oak Health Care Investors of North Carolina, Inc.	 	12/31/2029	 	
							
	21	 	70 Sweeten Creek Road, Asheville, NC	 	Financing VI Healthcare Property, L.L.C.	 	Sublease dated July 1, 2014 between LHCC Properties, LLC and Subtenant	 	The Laurels of GreenTree Ridge, Inc.	 	12/31/2029	 	
							
	22	 	215 Lash Drive, Salisbury, NC	 	Financing VI Healthcare Property, L.L.C.	 	Sublease dated July 1, 2014 between LHCC Properties, LLC and Subtenant	 	Oak Health Care Investors of Salisbury, Inc.	 	12/31/2029	 	
							
	23	 	100 Riceville Road, Asheville, NC	 	Financing VI Healthcare Property, L.L.C.	 	Sublease dated July 1, 2014 between LHCC Properties, LLC and Subtenant	 	The Laurels of Summit Inn, Inc.	 	12/31/2029	 	
							
	24	 	520 West Liberty Street, Butler, IN	 	Financing VI Healthcare Property, L.L.C.	 	Sublease dated July 1, 2014 between LHCC Properties, LLC and Subtenant	 	Oak Health Care Investors, Inc.	 	12/31/2029	 	
							
	25	 	290 Clear Creek Road, Hendersonville, NC	 	Financing VI Healthcare Property, L.L.C.	 	Sublease dated July 1, 2014 between LHCC Properties, LLC and Subtenant	 	Laurel Health Care Company of North Carolina, Inc.	 	12/31/2029	 	
							
	26	 	11611 Robious Road, Midlothian, VA	 	Financing VI Healthcare Property, L.L.C.	 	Sublease dated July 1, 2014 between LHCC Properties, LLC and Subtenant	 	Oak Health Care Investors of Richmond, Virginia, Inc.	 	12/31/2029	 	

 SCHEDULE 5.13 

MATERIAL CONTRACTS; CONTRACTS 
  

	1.	Second Amended and Restated Master Transaction Agreement 

 SCHEDULE 5.17 

INSURANCE CERTIFICATES 
 [see
attached] 

 

 
 LAURHEA-01 
DROEDING 
ACORD 
DATE (MM/DD/YYYY) 
12/15/2014 
CERTIFICATE OF LIABILITY INSURANCE 
THIS CERTIFICATE IS ISSUED AS A MATTER OF INFORMATION ONLY AND CONFERS NO RIGHTS UPON THE CERTIFICATE HOLDER. THIS CERTIFICATE DOES NOT AFFIRMATIVELY OR NEGATIVELY AMEND, EXTEND OR
ALTER THE COVERAGE AFFORDED BY THE POLICIES BELOW. THIS CERTIFICATE OF INSURANCE DOES NOT CONSTITUTE A CONTRACT BETWEEN THE ISSUING INSURER(S), AUTHORIZED

REPRESENTATIVE OR PRODUCER, AND THE CERTIFICATE HOLDER. 
IMPORTANT: If the
certificate holder is an ADDITIONAL INSURED, the policy(ies) must be endorsed. If SUBROGATION IS WAIVED, subject to the terms and conditions of the policy, certain policies may require an endorsement. A statement on this certificate does not confer
rights to the certificate holder in lieu of such endorsement(s). 
PRODUCER

Cincinnati/ Assured Neace Lukens Insurance Agency Inc 4000 Smith Road, Suite 400 Cincinnati, OH 45209 
INSURED 
Laurel Health Care Holdings Inc. 
8181 Worthington Rd. 
Westerville, OH 43082 
CONTACT NAME: Dawn Roeding PHONE (A/C, NO, Ext): (513) 333-0700 FAX (A/C, No): (513) 333-0735 E-MAIL ADDRESS: dawn.roeding@neacelukens.com 
INSURER(S) AFFORDING COVERAGE NAIC # 
INSURER A: Columbia Casualty Company 31127 INSURER B:
Travelers Indemnity Co of CT 25682 
INSURER C: 
INSURER D: 
INSURER E: 
INSURER F: 
COVERAGES CERTIFICATE NUMBER: REVISION NUMBER: 
THIS IS TO CERTIFY THAT THE POLICIES OF
INSURANCE LISTED BELOW HAVE BEEN ISSUED TO THE INSURED NAMED ABOVE FOR THE POLICY PERIOD INDICATED. NOTWITHSTANDING ANY REQUIREMENT, TERM OR CONDITION OF ANY CONTRACT OR OTHER DOCUMENT WITH RESPECT TO WHICH THIS CERTIFICATE MAY BE ISSUED OR MAY
PERTAIN. THE INSURANCE AFFORDED BY THE POLICIES DESCRIBED HEREIN IS SUBJECT TO ALL THE TERMS, EXCLUSIONS AND CONDITIONS OF SUCH POLICIES, LIMITS SHOWN MAY HAVE BEEN REDUCED BY PAID CLAIMS. 
INSR 
LTR

A 
TYPE OF INSURANCE 
X COMMERCIAL GENERAL LIABILITY 
X CLAIMS-MADE 
OCCUR 
X Prof 15M/15M 
GEN’L AGGREGATE LIMIT APPLIES PER: 
X POLICY 
PROJECT 
LOC 
OTHER: 
ADDL 
INSD 
SUBR

WVD 
X 
X 
POLICY NUMBER 
C2067421710 
POLICY EFF (MM/DD/YYYY) 
11/01/2014 
POLICY EXP (MM/DD/YYYY) 
11/01/2015 
LIMITS 
EACH OCCURRENCE 
$ 15,000,000 
DAMAGE TO RENTED PREMISES (Ea occurrence) 
$ 100,000 
MED EXP (Any one person) 
$ 10,000 
PERSONAL & ADV INJURY 
$ 15,000,000 
GENERAL AGGREGATE 
$ 15,000,000 
PRODUCTS - COMP/OP AGG 
$ 15,000,000 
$ 
COMBINED SINGLE LIMIT (Ea accident) 
$ 
BODILY INJURY (Per person) 
$ 
BODILY INJURY (Per accident) 
$ 
PROPERTY DAMAGE (Per accident) 
$ 
$

AUTOMOBILE LIABILITY 
ANY AUTO ALL OWNED AUTOS 
HIRED AUTOS 
SCHEDULED AUTOS NON-OWN ED AUTOS 
UMBRELLA LIAB EXCESS LIAB 
OCCUR CLAIMS-MADE 
DED 
RETENTIONS 
EACH OCCURRENCE 
$ 
AGGREGATE 
$ 
$ 
B

WORKERS COMPENSATION AND EMPLOYERS’ LIABILITY ANY PROPRIETOR/PARTNER/EXECUTIVE OFFICER/MEMBER EXCLUDED? (Mandatory In NH) 
If yes, describe under DESCRIPTION OF OPERATIONS below 
Y/N 
N/A 
TC2EUB134D438414 
11/01/2014 
11/01/2016 
PER 
STATUTE 
OTHER 
E.L. EACH ACCIDENT 
$1,000,000 
E.L. DISEASE - EA EMPLOYEE 
$ 1,000,000 
E.L. DISEASE - POLICY LIMIT 
$ 1,000,000 
DESCRIPTION OF OPERATIONS / LOCATIONS / VEHICLES (ACORD 101, Additional Remarks
Schedule, may be attached if more space is required) 
Financing Vi Healthcare Property, L.L.C; Aviv Financing VI, L.L.C;Aviv Financing III, L.L.C.; Aviv Healthcare
Properties Operating Partnership I, L.P.; Aviv Healthcare Properties Limited Partnership and Aviv REIT, Inc. as Additional Insureds as regards their status as Lessor to the insured; and General Electric Capital Corporation, ISAOA, ATIMA, GE
Healthcare Financial Services, %Gemsa Loan Services, L.P. are named as additional insured to the named insureds 
CERTIFICATE HOLDER 
CANCELLATION 
Financing VI Healthcare Property LLC 303 West Madison St. Suite 2400 Chicago, IL
60606 
SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED BEFORE THE EXPIRATION DATE THEREOF, NOTICE WILL BE DELIVERED IN ACCORDANCE WITH THE POLICY
PROVISIONS. 
AUTHORIZED REPRESENTATIVE 
©1988-2014 ACORD CORPORATION. All
rights reserved. 
The ACORD name and logo are registered marks of ACORD 
ACORD
25 (2014/01) 

							
		  	AGENCY CUSTOMER ID:	  	LAURHEA-01	  	                    DROEDING
		  		  	  

		  	LOC #:	  	 0
	  	

  

					
	

	  	ADDITIONAL REMARKS SCHEDULE	  	Page   1   of   3  

  

							
	 AGENCY

 
 Cincinnati/ Assured Neace Lukens Insurance Agency Inc
	  	 NAMED INSURED

Laurel Health Care Holdings, Inc.
 8181 Worthington
Rd.
 Westerville, OH 43082
	  	 
	POLICY NUMBER	 	 	  	  
	  
 SEE PAGE
1
	 		  	  
	CARRIER	 	NAIC CODE  	  	  
	  

SEE PAGE 1
	 	  
 SEE P 1
	  	EFFECTIVE DATE: SEE PAGE 1	  	 

   ADDITIONAL REMARKS 
  

	
	  

THIS ADDITIONAL REMARKS FORM IS A SCHEDULE TO ACORD FORM,
  

FORM NUMBER:  ACORD 25    FORM TITLE:  Certificate of Liability Insurance

	  

Remarks:
  

Named Insured covered locations
 The Laurels of Bon Air,
LLC. The Laurels of Bon Air
 9101 Bon Air Crossings Dr, Richmond, VA 23235

 
 The Laurels of Canton, LLC., The Laurels of Canton

2714 13th St NW, Canton, OH 44708
  

The Laurels of Carson City, LLC, The Laurels of Carson City

620 N Second St., Carson City, Ml 48811
  

The Laurels of Charlottesville, LLC, The Laurels of Charlottesville

1165 Pepsi Place, Charlottesville, VA 22901
  

The Laurels of Greentree Ridge, Inc., The Laurels of Greentree Ridge

70 Sweeten Creek Rd, Asheville, NC 28803
  

The Laurels of Hilliard, LLC, The Laurels of Hilliard

5471 Scioto Darby Rd, Hilliard, OH 43026
  

The Laurels of Huber Heights LLC, The Laurels of Huber Heights

5440 Charlesgate Rd., Huber Heights, OH 45424
  

The Laurels of Jefferson LLC, The Laurels of Steubenville

500 Stanton Blvd., Steubenville, OH 43952
  

The Laurels of New London, LLC, The Laurels of New London

204 West Main St., New London, OH 44851
  

The Laurels of Rockford, Inc., The Laurels of Shane Hill and Maplewood of Shane’s Village

10701-10731 St Rt 118, Rockford, OH 45882
  

The Laurels of Summit Inn, Inc., The Laurels of Summit Ridge

100 Riceville Rd., Asheville, NC 28805
  

The Laurels of Toledo, LLC, The Laurels of Toledo
 1011
N Byrne Rd., Toledo, OH 43607
  
 The Laurels of University Park, LLC, The Laurels
of University Park
 2420 Pemberton Rd., Richmond, VA 23233
  

The Laurels of West Carrollton, LLC, The Laurels of West Carrollton

115 Elmwood Circle, West Carrollton, OH 45449
  

Oak Health Care Investors, Inc., The Laurels of DeKalb

520 W Liberty Street, Butler, IN 46721
  

Oak Health Care Investors of Coldwater, Inc., The Laurels of Coldwater

90 N Michigan Avenue, Coldwater, Ml 49036
  

Oak Health Care Investors of Defiance, Inc., The Laurels of Defiance

1701 S Jefferson, Defiance, OH 43512
  

  

			
	ACORD 101 (2008/01)	 	© 2008 ACORD CORPORATION. All rights reserved.
	The ACORD name and logo are registered marks of ACORD

							
		  	AGENCY CUSTOMER ID:	  	LAURHEA-01	  	                    DROEDING
		  		  	  

		  	LOC #:	  	 0
	  	

  

					
	

	  	ADDITIONAL REMARKS SCHEDULE	  	Page   2   of   3  

 

							
	 AGENCY

 
 Cincinnati/ Assured Neace Lukens Insurance Agency Inc
	  	 NAMED INSURED

Laurel Health Care Holdings, Inc.
 8181 Worthington
Rd.
 Westerville, OH 43082
	  	 
	POLICY NUMBER	 	 	  	  
	  
 SEE PAGE
1
	 		  	  
	CARRIER	 	NAIC CODE  	  	  
	  

SEE PAGE 1
	 	  
 SEE P 1
	  	EFFECTIVE DATE: SEE PAGE 1	  	 

   ADDITIONAL REMARKS 
  

	
	  

THIS ADDITIONAL REMARKS FORM IS A SCHEDULE TO ACORD FORM,
  

FORM NUMBER:  ACORD 25    FORM TITLE:  Certificate of Liability Insurance

	  

Oak Health Care Investors of Mt. Vernon, Inc., The Laurels of Mt. Vernon

13 Avalon Rd, Mt Vernon, OH 43050
  

Oak Health Care Investors of North Carolina, Inc., The Laurels of Forest Glenn

1101 Hartwell Street, Garner, NC 27529
  

Oak Health Care Investors of Richmond VA, Inc., The Laurels of Willow Creek

11611 Roblous Road, Midlothian, VA 23113
  

Oak Health Care Investors of Salisbury, Inc., The Laurels of Salisbury

215 Lash Dr. Salisbury NC 28147
  

Named Insureds Covered locations
 Laurel Health Care
Holdings, Inc.
  
 LHCC Properties, LLC (Master Tenant)

 
 Laurel Health Care Company

 
 Laurel Development Corporation

 
 Laurel Ancillary Services, LLC

 
 HCP Services, LLC (Inactive)

 
 FEI Assets LLC

Home Office, 8181 Worthington, Westerville, OH 43082
  

Athens LTC, Inc., The Laurels of Athens, Maplewood of Athens

70 Columbus Circle Rd, Athens, OH 45701
  

Fairport Enterprises, Inc., The Laurels of Massillon

2000 Sherman Circle NE, Massillon, OH 44646
  

Laurel Assisted Living Center of Marshall, Inc., Maplewood of Marshall

200 Westbrook Ct, Marshall, Ml 49068
  

Laurel Health Care Company of Battle Creek, The Laurels of Bedford

270 N Bedford Road, Battle Creek, Ml 49017
  

Laurel Health Care Company of Chatham North Carolina, Inc, The Laurels of Chatham

72 Chatham Business Park Drive, Pittsboro, NC 27312
  

Laurel Health Care Company of Galesburg, The Laurels of Galesburg

1080 N 35th, Galesburg, Ml 49053
  

Laurel Health Care Company of Hillsboro, The Laurels of Hillsboro

175 Chillicothe Ave, Hillsboro, OH 45133
  

  

			
	ACORD 101 (2008/01)	 	© 2008 ACORD CORPORATION. All rights reserved.
	The ACORD name and logo are registered marks of ACORD

							
		  	AGENCY CUSTOMER ID:	  	LAURHEA-01	  	                    DROEDING
		  		  	  

		  	LOC #:	  	 0
	  	

  

					
	

	  	ADDITIONAL REMARKS SCHEDULE	  	Page   3   of   3  

 

							
	 AGENCY

 
 Cincinnati/ Assured Neace Lukens Insurance Agency Inc
	  	 NAMED INSURED

Laurel Health Care Holdings, Inc.
 8181 Worthington
Rd.
 Westerville, OH 43082
	  	 
	POLICY NUMBER	 	 	  	  
	  
 SEE PAGE
1
	 		  	  
	CARRIER	 	NAIC CODE  	  	  
	  

SEE PAGE 1
	 	  
 SEE P 1
	  	EFFECTIVE DATE: SEE PAGE 1	  	 

   ADDITIONAL REMARKS 
  

	
	  

THIS ADDITIONAL REMARKS FORM IS A SCHEDULE TO ACORD FORM,
  

FORM NUMBER:  ACORD 25    FORM TITLE:  Certificate of Liability Insurance

	  

Laurel Health Care Company of Hudsonville, The Laurels of Hudsonville

3650 Van Buren Rd., Hudsonville, Ml 49426
  

Laurel Health Care Company of Isabella, Maplewood of Mt. Pleasant

1945 Churchill Blvd Mt. Pleasant Ml 48858
  

Laurel Health Care Company of Lowell The Laurels of Kent

350 N Center Street, Lowell, Ml 49331
  

Laurel Health Care Company of Mt. Pleasant, The Laurels of Mt. Pleasant

400 S Crapo St., Mt Pleasant, Ml 48858
  

Laurel Health Care Company of North Carolina, Inc., The Laurels of Hendersonville

290 Clear Creek Road, Hendersonville, NC 28792
  

Laurel Health Care Company of North Worthington, The Laurels of Norworth

6830 N High St. Worthington, OH 43085
  

Laurel Health Care Company of Perrinton, The Laurels of Fulton

4735 Ranger Road, Perrinton, Ml 48871
  

Laurel Health Care Company of Wayland, The Laurels of Sandy Creek and Maplewood of Sandy Creek

425 East Elm St, Wayland, Ml 49348
  

Laurel Health Care Company of Worthington, The Laurels of Worthington

1030 High St, Worthington, OH 43085
  

The Laurels of Ashewood Manor, Inc., Ashewood Manor
 200
Riceville Rd., Asheville, NC 28805
  
 The Laurels of Blanchester, LLC, The
Laurels of Blanchester
 839 Cherry St., Blanchester, OH 45107

 

  

			
	ACORD 101 (2008/01)	 	© 2008 ACORD CORPORATION. All rights reserved.
	The ACORD name and logo are registered marks of ACORD

 

 
 LAURHEA-01 
DROEDING 
ACORD 
CERTIFICATE OF LIABILITY INSURANCE 
DATE (MM/DD/YYYY) 
12/15/2014 
THIS CERTIFICATE IS ISSUED AS A MATTER OF INFORMATION ONLY AND CONFERS NO RIGHTS UPON THE CERTIFICATE HOLDER. THIS CERTIFICATE DOES NOT AFFIRMATIVELY OR NEGATIVELY AMEND, EXTEND OR
ALTER THE COVERAGE AFFORDED BY THE POLICIES BELOW. THIS CERTIFICATE OF INSURANCE DOES NOT CONSTITUTE A CONTRACT BETWEEN THE ISSUING INSURER(S), AUTHORIZED REPRESENTATIVE OR PRODUCER, AND THE CERTIFICATE HOLDER. 
IMPORTANT: If the certificate holder is an ADDITIONAL INSURED, the policy(les) must be endorsed. If SUBROGATION IS WAIVED, subject to the terms and conditions of the policy,
certain policies may require an endorsement. A statement on this certificate does not confer rights to the certificate holder In lieu of such endorsement(s).

PRODUCER 
Cincinnati/ Assured Neace Lukens Insurance Agency Inc 4000 Smith
Road, Suite 400 Cincinnati, OH 46209 CONTACT NAME: Dawn Roeding 
PHONE (A/C, No, Ext): (513) 333-0700 FAX (A/C, No): (513) 333-0735 
E-MAIL ADDRESS: dawn.roeding@neacelukens.com 
INSURER(S) AFFORDING COVERAGE NAIC# 
INSURER A: Columbia Casualty Company 31127 
INSURED 
Laurel Health Care Holdings Inc. 8181 Worthington Rd. Westerville, OH 43082 INSURER B: Travelers Indemnity Co of CT 25682 
INSURER C: 
INSURER D: 
INSURER E: 
INSURER F: 
COVERAGES 
CERTIFICATE NUMBER: 
REVISION NUMBER: 
CERTIFICATE HOLDER 
CANCELLATION 
General Electric Capital Corporation ISOA, ATIMA 
GE Healthcare Financial Services 
%GEMSA Loan Services, LP 
929 Gessner, Suite 1700 
Houston, TX 77024 
SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED BEFORE THE EXPIRATION DATE THEREOF, NOTICE WILL BE DELIVERED IN ACCORDANCE WITH THE POLICY PROVISIONS. 
THIS IS TO CERTIFY THAT THE POLICIES OF INSURANCE LISTED BELOW HAVE BEEN ISSUED TO THE INSURED NAMED ABOVE FOR THE POLICY PERIOD INDICATED. NOTWITHSTANDING ANY REQUIREMENT, TERM OR
CONDITION OF ANY CONTRACT OR OTHER DOCUMENT WITH RESPECT TO WHICH THIS CERTIFICATE MAY BE ISSUED OR MAY PERTAIN, THE INSURANCE AFFORDED BY THE POLICIES DESCRIBED HEREIN IS SUBJECT TO ALL THE TERMS EXCLUSIONS AND CONDITIONS OF SUCH POLICIES. LIMITS
SHOWN MAY HAVE BEEN REDUCED BY PAID CLAIMS. 
INSR 
LTR 
A 
TYPE OF INSURANCE 
X COMMERCIAL GENERAL LIABILITY 
X CLAIMS-MADE 
OCCUR 
X Prof 15M/15M 
ADDL 
INSD

SUBR 
WVD 
POLICY NUMBER 
C2067421710 
POLICY EFF (MM/DD/YYYY) 
11/01/2014 
POLICY EXP (MM/DD/YYYY) 
11/01/2015 
LIMITS 
EACH OCCURRENCE $ 15,000,000 
DAMAGE TO RENTED PREMISES (Ea occurrence) 
$ 100,000 
MED EXP (Any one person) 
$ 10,000 
PERSONAL & ADV INJURY 
$ 15,000,000 
GENERAL AGGREGATE 
$ 15,000,000 
PRODUCTS - COMP/OP AGG 
$ 15,000,000 
$ 
GEN’L AGGREGATE LIMIT APPLIES PER: 
X 
POLICY

PROJECT 
LOC 
OTHER; 
AUTOMOBILE LIABILITY 
ANY AUTO ALL OWNED AUTOS 
HIRED AUTOS 
SCHEDULED AUTOS NON-OWN ED AUTOS 
COMBINED SINGLE LIMIT (Ea accident) 
$ 
BODILY INJURY (Per person) 
$ 
BODILY INJURY (Per accident) 
$ 
PROPERTY DAMAGE (Per accident) 
$ 
$

UMBRELLA LIAB EXCESS LIAB 
OCCUR CLAIMS-MADE 
EACH OCCURRENCE 
AGGREGATE 
$ 
$ 
$

DEO 
RETENTIONS 
B 
WORKERS COMPENSATION AND EMPLOYERS’ LIABILITY ANY PROPRIETOR/PARTNER/EXECUTIVE OFFICER
/MEMBER EXCLUDED? (Mandatory In NH) 
If yes, describe under DESCRIPTION OF OPERATIONS below 
Y/N 
N/A

TC2EUB134D438414 
11/01/2014 
11/01/2015 
PER 
STATUTE 
OTHER 
E.L. EACH ACCIDENT 
$ 1,000,000 
E.L DISEASE - EA EMPLOYEE 
$ 1,000,000 
E.L. DISEASE - POLICY LI MIT 
$ 1,000,000 
DESCRIPTION OF OPERATIONS /LOCATIONS /VEHICLES (ACORD 101, Additional Remarks Schedule, may be attached if more space is required) 
Financing VI Healthcare Property, L.L.C; Aviv Financing VI, L.L.C; Aviv Financing III, L.L.C.; Aviv Healthcare Properties Operating Partnership I, L.P.; Aviv Healthcare Properties
Limited Partnership and Aviv REIT, Inc. as Additional Insureds as regards their status as Lessor to the insured; and General Electric Capital Corporation, ISAOA, ATIMA, GE Healthcare Financial Services, %Gemsa Loan Services, L.P. are named as
additional Insured to the named insureds 
AUTHORIZED REPRESENTATIVE 
©
1988-2014 ACORD CORPORATION. All rights reserved. 
The ACORD name and logo are registered marks of ACORD 
ACORD 25 (2014/01) 

							
		  	AGENCY CUSTOMER ID:	  	LAURHEA-01	  	                    DROEDING
		  		  	  

		  	LOC #:	  	 0
	  	

  

					
	

	  	ADDITIONAL REMARKS SCHEDULE	  	Page   1   of   3  

 

							
	 AGENCY

 
 Cincinnati/ Assured Neace Lukens Insurance Agency Inc
	  	 NAMED INSURED

Laurel Health Care Holdings Inc.
 8181 Worthington
Rd.
 Westerville, OH 43082
	  	 
	POLICY NUMBER	 	 	  	  
	  
 SEE PAGE
1
	 		  	  
	CARRIER	 	NAIC CODE  	  	  
	  

SEE PAGE 1
	 	  

SEE P 1
	  	EFFECTIVE DATE: SEE PAGE 1	  	 

   ADDITIONAL REMARKS 
  

	
	  

THIS ADDITIONAL REMARKS FORM IS A SCHEDULE TO ACORD FORM,
  

FORM NUMBER:  ACORD 25    FORM TITLE:  Certificate of Liability
Insurance

	  

Remarks:
  

Named Insured covered locations
 The Laurels of Bon Air,
LLC. The Laurels of Bon Air
 9101 Bon Air Crossings Dr, Richmond, VA 23235

 
 The Laurels of Canton, LLC., The Laurels of Canton

2714 13th St NW, Canton, OH 44708
  

The Laurels of Carson City, LLC, The Laurels of Carson City

620 N Second St., Carson City, Ml 48811
  

The Laurels of Charlottesville, LLC, The Laurels of Charlottesville

1165 Pepsi Place, Charlottesville, VA 22901
  

The Laurels of Greentree Ridge, Inc., The Laurels of Greentree Ridge

70 Sweeten Creek Rd, Asheville, NC 28803
  

The Laurels of Hilliard, LLC, The Laurels of Hilliard

5471 Scioto Darby Rd, Hilliard, OH 43026
  

The Laurels of Huber Heights LLC, The Laurels of Huber Heights

5440 Charlesgate Rd., Huber Heights, OH 45424
  

The Laurels of Jefferson LLC, The Laurels of Steubenville

500 Stanton Blvd., Steubenville, OH 43952
  

The Laurels of New London, LLC, The Laurels of New London

204 West Main St., New London, OH 44851
  

The Laurels of Rockford, Inc., The Laurels of Shane Hill and Maplewood of Shane’s Village

10701-10731 St Rt 118, Rockford, OH 45882
  

The Laurels of Summit Inn, Inc., The Laurels of Summit Ridge

100 Riceville Rd., Asheville, NC 28805
  

The Laurels of Toledo, LLC, The Laurels of Toledo
 1011
N Byrne Rd., Toledo, OH 43607
  
 The Laurels of University Park, LLC, The Laurels
of University Park
 2420 Pemberton Rd., Richmond, VA 23233
  

The Laurels of West Carrollton, LLC, The Laurels of West Carrollton

115 Elmwood Circle, West Carrollton, OH 45449
  

Oak Health Care Investors, Inc., The Laurels of DeKalb

520 W Liberty Street, Butler, IN 46721
  

Oak Health Care Investors of Coldwater, Inc., The Laurels of Coldwater

90 N Michigan Avenue, Coldwater, Ml 49036
  

Oak Health Care Investors of Defiance, Inc., The Laurels of Defiance

1701 S Jefferson, Defiance, OH 43512
  

  

			
	ACORD 101 (2008/01)	 	© 2008 ACORD CORPORATION. All rights reserved.
	The ACORD name and logo are registered marks of ACORD

							
		  	AGENCY CUSTOMER ID:	  	LAURHEA-01	  	                    DROEDING
		  		  	  

		  	LOC #:	  	 0
	  	

  

					
	

	  	ADDITIONAL REMARKS SCHEDULE	  	Page   2   of   3  

 

							
	 AGENCY

 
 Cincinnati/ Assured Neace Lukens Insurance Agency Inc
	  	 NAMED INSURED

Laurel Health Care Holdings Inc.
 8181 Worthington
Rd.
 Westerville, OH 43082
	  	 
	POLICY NUMBER	 	 	  	  
	  
 SEE PAGE
1
	 		  	  
	CARRIER	 	NAIC CODE  	  	  
	  

SEE PAGE 1
	 	  

SEE P 1
	  	EFFECTIVE DATE: SEE PAGE 1	  	 

   ADDITIONAL REMARKS 
  

	
	  

THIS ADDITIONAL REMARKS FORM IS A SCHEDULE TO ACORD FORM,
  

FORM NUMBER:  ACORD 25    FORM TITLE:   Certificate of Liability Insurance

	  

Oak Health Care Investors of Mt. Vernon, Inc., The Laurels of Mt. Vernon

13 Avalon Rd, Mt Vernon, OH 43050
  

Oak Health Care Investors of North Carolina, Inc., The Laurels of Forest Glenn

1101 Hartwell Street, Garner, NC 27529
  

Oak Health Care Investors of Richmond VA, Inc., The Laurels of Willow Creek

11611 Robious Road, Midlothian, VA 23113
  

Oak Health Care Investors of Salisbury, Inc., The Laurels of Salisbury

215 Lash Dr. Salisbury NC 28147
  

Named Insureds Covered locations
 Laurel Health Care
Holdings, Inc.
  
 LHCC Properties, LLC (Master Tenant)

 
 Laurel Health Care Company

 
 Laurel Development Corporation

 
 Laurel Ancillary Services, LLC

 
 HCP Services, LLC (Inactive)

 
 FEI Assets, LLC

Home Office, 8181 Worthington, Westerville, OH 43082
  

Athens LTC, Inc., The Laurels of Athens, Maplewood of Athens

70 Columbus Circle Rd, Athens, OH 45701
  

Fairport Enterprises, Inc., The Laurels of Massillon

2000 Sherman Circle NE, Massillon, OH 44646
  

Laurel Assisted Living Center of Marshall, Inc., Maplewood of Marshall

200 Westbrook Ct, Marshall, MI 49068
  

Laurel Health Care Company of Battle Creek, The Laurels of Bedford

270 N Bedford Road, Battle Creek, MI 49017
  

Laurel Health Care Company of Chatham North Carolina, Inc, The Laurels of Chatham

72 Chatham Business Park Drive, Pittsboro, NC 27312
  

Laurel Health Care Company of Galesburg, The Laurels of Galesburg

1080 N 35th, Galesburg, MI 49053
  

Laurel Health Care Company of Hillsboro, The Laurels of Hillsboro

175 Chillicothe Ave, Hillsboro, OH 45133
  

  

			
	ACORD 101 (2008/01)	 	© 2008 ACORD CORPORATION. All rights reserved.
	The ACORD name and logo are registered marks of ACORD

							
		  	AGENCY CUSTOMER ID:	  	LAURHEA-01	  	                    DROEDING
		  		  	  

		  	LOC #:	  	 0
	  	

  

					
	

	  	ADDITIONAL REMARKS SCHEDULE	  	Page   3   of   3  

 

							
	 AGENCY

 
 Cincinnati/ Assured Neace Lukens Insurance Agency Inc
	  	 NAMED INSURED

Laurel Health Care Holdings Inc.
 8181 Worthington
Rd.
 Westerville, OH 43082
	  	 
	POLICY NUMBER	 	 	  	  
	  
 SEE PAGE
1
	 		  	  
	CARRIER	 	NAIC CODE  	  	  
	  

SEE PAGE 1
	 	  

SEE P 1
	  	EFFECTIVE DATE: SEE PAGE 1	  	 

   ADDITIONAL REMARKS 
  

	
	  

THIS ADDITIONAL REMARKS FORM IS A SCHEDULE TO ACORD FORM,
  

FORM NUMBER:  ACORD 25    FORM TITLE:  Certificate of Liability Insurance

	  

Laurel Health Care Company of Hudsonville, The Laurels of Hudsonville

3650 Van Buren Rd., Hudsonville, MI 49426
  

Laurel Health Care Company of Isabella, Maplewood of Mt. Pleasant

1945 Churchill Blvd Mt. Pleasant MI 48858
  

Laurel Health Care Company of Lowell The Laurels of Kent

350 N Center Street, Lowell, MI 49331
  

Laurel Health Care Company of Mt. Pleasant, The Laurels of Mt. Pleasant

400 S Crapo St., Mt Pleasant, MI 48858
  

Laurel Health Care Company of North Carolina, Inc., The Laurels of Hendersonville

290 Clear Creek Road, Hendersonville, NC 28792
  

Laurel Health Care Company of North Worthington, The Laurels of Norworth

6830 N High St. Worthington, OH 43085
  

Laurel Health Care Company of Perrinton, The Laurels of Fulton

4735 Ranger Road, Perrinton, MI 48871
  

Laurel Health Care Company of Wayland, The Laurels of Sandy Creek and Maplewood of Sandy Creek

425 East Elm St, Wayland, MI 49348
  

Laurel Health Care Company of Worthington, The Laurels of Worthington

1030 High St, Worthington, OH 43085
  

The Laurels of Ashewood Manor, Inc., Ashewood Manor
 200
Riceville Rd., Asheville, NC 28805
  
 The Laurels of Blanchester, LLC, The
Laurels of Blanchester
 839 Cherry St., Blanchester, OH 45107

 

  

			
	ACORD 101 (2008/01)	 	© 2008 ACORD CORPORATION. All rights reserved.
	The ACORD name and logo are registered marks of ACORD

 

 
 DROEDING 
ACORD EVIDENCE OF COMMERCIAL PROPERTY
INSURANCE 
DATE (MM/DD/YYYY) 
12/15/2014 
THIS EVIDENCE OF COMMERCIAL PROPERTY INSURANCE IS ISSUED AS A MATTER OF INFORMATION ONLY AND CONFERS NO RIGHTS UPON THE ADDITIONAL INTEREST NAMED BELOW. THIS EVIDENCE DOES NOT
AFFIRMATIVELY OR NEGATIVELY AMEND, EXTEND OR ALTER THE COVERAGE AFFORDED BY THE POLICIES BELOW. THIS EVIDENCE OF INSURANCE DOES NOT CONSTITUTE A CONTRACT BETWEEN THE ISSUING INSURER(S), AUTHORIZED REPRESENTATIVE OR PRODUCER, AND THE ADDITIONAL
INTEREST. 
PRODUCER NAME, 
CONTACT PERSON AND ADDRESS 
PHONE (A/C. No. Ext): (513) 333-0700 
COMPANY NAME AND ADDRESS NAIC NO: 16535 
Cincinnati/ Assured Neace Lukens Insurance Agency Inc 4000 Smith Road, Suite 400 Cincinnati, OH 45209 
Zurich American Insurance Co 1400 American Lane Schaumburg, IL 601961056 
IF MULTIPLE
COMPANIES, COMPLETE SEPARATE FORM FOR EACH 
FAX (A/C. No.): (513) 333-0735

E-MAIL ADDRESS: 
CODE: SUB CODE: 
POLICY TYPE 
Commercial Package Policy 
AGENCY CUSTOMER ID #: LAURHEA-01 
NAMED INSURED AND ADDRESS 
Laurel Health Care Holdings, Inc. 8181 Worthington Rd. Westerville, OH 43082 
LOAN NUMBER
POLICY NUMBER CPP982692202 
EFFECTIVE DATE 11/1/2014 EXPIRATION DATE 11/1/2015

CONTINUED UNTIL TERMINATED IF CHECKED 
ADDITIONAL NAMED INSURED(S) 
THIS REPLACES PRIOR EVIDENCE DATED: 
PROPERTY INFORMATION (Use REMARKS on page 2, If more space
is required) X BUILDING OR X BUSINESS PERSONAL PROPERTY 
LOCATION / DESCRIPTION

THE POLICIES OF INSURANCE LISTED BELOW HAVE BEEN ISSUED TO THE INSURED NAMED ABOVE FOR THE POLICY PERIOD INDICATED. NOTWITHSTANDING ANY REQUIREMENT, TERM OR
CONDITION OF ANY CONTRACT OR OTHER DOCUMENT WITH RESPECT TO WHICH THIS EVIDENCE OF PROPERTY INSURANCE MAY BE ISSUED OR MAY PERTAIN, THE INSURANCE AFFORDED BY THE POLICIES DESCRIBED HEREIN IS SUBJECT TO ALL THE TERMS, EXCLUSIONS AND CONDITIONS OF
SUCH POLICIES. LIMITS SHOWN MAY HAVE BEEN REDUCED BY PAID CLAIMS. 
COVERAGE INFORMATION PERILS INSURED BASIC BROAD X SPECIAL 
COMMERCIAL PROPERTY COVERAGE AMOUNT OF INSURANCE: $ 275,905,792 DED: 25,000 
YES NO N/A

X BUSINESS INCOME RENTAL VALUE X 
If YES, LIMIT: 77,397,233 X Actual Loss
Sustained; # of months: 24 
BLANKET COVERAGE X 
If YES, indicate value(s)
reported on property identified above: $ 
TERRORISM COVERAGE X 
Attach
Disclosure Notice / DEC 
IS THERE A TERRORISM-SPECIFIC EXCLUSION? X 
IS
DOMESTIC TERRORISM EXCLUDED? X 
LIMITED FUNGUS COVERAGE X 
If YES, LIMIT: DED:

FUNGUS EXCLUSION (If “YES”, specify organization’s form used) X

REPLACEMENT COST X 
AGREED VALUE X 
COINSURANCE X 
If YES, % 
EQUIPMENT BREAKDOWN (If Applicable) X 
If YES, LIMIT: DED: 
ORDINANCE OR LAW - Coverage for loss to undamaged portion of bldg X 
If YES, LIMIT: DED:

- Demolition Costs X 
If YES, LIMIT: DED: 
- Incr. Cost of Construction X 
If YES, LIMIT: DED: 
EARTH MOVEMENT (If Applicable) X 
If YES, LIMIT: 25,000,000 DED: 50,000 
FLOOD (if Applicable) X 
If YES, LIMIT: 25,000,000 DED: 50,000 
WIND / HAIL INCL X YES NO Subject to Different Provisions: X 
If YES, LIMIT: DED: 
NAMED STORM INCL X YES NO Subject to Different Provisions: X 
If YES, LIMIT: DED: 
PERMISSION TO WAIVE SUBROGATION IN FAVOR OF MORTGAGE HOLDER PRIOR TO LOSS X 
CANCELLATION

SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED BEFORE THE EXPIRATION DATE THEREOF, NOTICE WILL BE DELIVERED IN ACCORDANCE WITH THE POLICY PROVISIONS.

ADDITIONAL INTEREST 
MORTGAGEE 
LENDERS LOSS PAYABLE X 
CONTRACT OF SALE Loss Payee 
LENDER SERVICING AGENT NAME AND ADDRESS 
NAME AND ADDRESS 
Financing VI Healthcare Property, LLC 303 West Madison St Suite 2400 Chicago, IL 60606

AUTHORIZED REPRESENTATIVE 
Page 1 of 2 © 2003-2014 ACORD CORPORATION. All
rights reserved. ACORD 28 (2014/01) The ACORD name and logo are registered marks of ACORD 

LAURHEA-01                    DROEDING

 EVIDENCE OF COMMERCIAL PROPERTY INSURANCE REMARKS - Including Special Conditions (Use only if more space is required) 

 

	
	  

Special Conditions:
 70 Columbus Circle Dr., Athens OH
45701 Flood Exception $2,500,000 Flood Limit with a $500,000 Deductible
  
 Wind
Hail and Named Storm applicable to 2420 Pemberton Rd. Richmond VA 23233 for Direct Damage and Time Element deductible is $25,000 per loss
  

Business Income deductible is 24 Hours
  

Financing VI Healthcare Property, L.L.C; Aviv Financing VI, L.L.C; Aviv Healthcare Properties Operating Partnership I, L.P.; Aviv Healthcare Properties
Limited Partnership and Aviv REIT, Inc. as Loss Payees; and General Electric Capital Corporation, ISAOA, ATIMA, GE Healthcare Financial Services, %Gemsa Loan Services, L.P. are named Mortgagee and Loss Payees to the insureds

 
 Cancellation clause is as per policy-clause attached.

 
 Remarks:

Named Insureds and Covered Locations
 Laurel Health Care
Holdings, Inc.
  
 LHCC Properties, LLC (Master Tenant)

 
 Laurel Health Care Company

 
 Laurel Development Corporation

 
 Laurel Ancillary Services, LLC

 
 HCP Services, LLC (Inactive)

 
 FEI Assets, LLC

Home Office, 8181 Worthington, Westerville, OH 43082
  

Athens LTC, Inc., The Laurels of Athens, Maplewood of Athens

70 Columbus Circle Rd, Athens, OH 45701
  

Fairport Enterprises, Inc., The Laurels of Massillon

2000 Sherman Circle NE, Massillon, OH 44646
  

Laurel Assisted Living Center of Marshall, Inc., Maplewood of Marshall

200 Westbrook Ct, Marshall, MI 49068
  

Laurel Health Care Company of Battle Creek, The Laurels of Bedford

270 N Bedford Road, Battle Creek, MI 49017
  

Laurel Health Care Company of Chatham North Carolina, Inc, The Laurels of Chatham

72 Chatham Business Park Drive, Pittsboro, NC 27312
  

Laurel Health Care Company of Galesburg, The Laurels of Galesburg

1080 N 35th, Galesburg, MI 49053
  

Laurel Health Care Company of Hillsboro, The Laurels of Hillsboro

175 Chillicothe Ave, Hillsboro, OH 45133
  

Laurel Health Care Company of Hudsonville, The Laurels of Hudsonville

3650 Van Buren Rd, Hudsonville, MI 49426
  

Laurel Health Care Company of Isabella, Maplewood of Mt. Pleasant

1945 Churchill Blvd Mt. Pleasant MI 48858
  

Laurel Health Care Company of Lowell The Laurels of Kent

350 N Center Street, Lowell, MI 49331
  

Laurel Health Care Company of Mt. Pleasant, The Laurels of Mt. Pleasant

400 S Crapo St., Mt Pleasant, MI 48858
  

Laurel Health Care Company of North Carolina, Inc., The Laurels of Hendersonville

290 Clear Creek Road, Hendersonville, NC 28792
  

SEE ATTACHED ACORD 101
  

  

					
	ACORD 28 (2014/01)	 	Page 2 of 2	 	

							
		  	AGENCY CUSTOMER ID:	  	LAURHEA-01	  	                    DROEDING
		  		  	  

		  	LOC #:	  	  
	  	

  

					
	

	  	ADDITIONAL REMARKS SCHEDULE	  	Page   1   of   2  

 

							
	 AGENCY

 
 Cincinnati/ Assured Neace Lukens Insurance Agency Inc
	  	 NAMED INSURED

Laurel Health Care Holdings, Inc.
 8181 Worthington
Rd.
 Westerville, OH 43082
	  	 
	POLICY NUMBER	 	 	  	  
	  

CPP982692202
	 		  	  
	CARRIER	 	NAIC CODE  	  	  
	  

Zurich American Insurance Co
	 	  
 16535
	  	EFFECTIVE DATE: 11/1/2014	  	 

   ADDITIONAL REMARKS 
  

	
	  

THIS ADDITIONAL REMARKS FORM IS A SCHEDULE TO ACORD FORM,
  

FORM NUMBER:  ACORD 28    FORM TITLE:  EVIDENCE OF COMMERCIAL PROPERTY INSURANCE

	  

Special Conditions/Remarks:
 Laurel Health Care Company
of North Worthington, The Laurels of Norworth
 6830 N High St. Worthington, OH 43085

 
 Laurel Health Care Company of Perrinton, The Laurels of Fulton

4735 Ranger Road, Perrinton, MI 48871
  

Laurel Health Care Company of Wayland, The Laurels of Sandy Creek and Maplewood of Sandy Creek

425 East Elm St, Wayland, MI 49348
  

Laurel Health Care Company of Worthington, The Laurels of Worthington

1030 High St, Worthington, OH 43085
  

The Laurels of Ashewood Manor, Inc., Ashewood Manor
 200
Riceville Rd., Asheville, NC 28805
  
 The Laurels of Blanchester, LLC, The
Laurels of Blanchester
 839 Cherry St., Blanchester, OH 45107
  

Named Insured and Covered Locations
 The Laurels of Bon
Air, LLC, The Laurels of Bon Air
 9101 Bon Air Crossings Dr, Richmond, VA 23235

 
 The Laurels of Canton, LLC., The Laurels of Canton

2714 13th St NW, Canton, OH 44708
  

The Laurels of Carson City, LLC, The Laurels of Carson City

620 N Second St., Carson City, MI 48811
  

The Laurels of Charlottesville, LLC, The Laurels of Charlottesville

1165 Pepsi Place, Charlottesville, VA 22901
  

The Laurels of Greentree Ridge, Inc., The Laurels of Greentree Ridge

70 Sweeten Creek Rd, Asheville, NC 28803
  

The Laurels of Hilliard, LLC, The Laurels of Hilliard

5471 Scioto Darby Rd, Hilliard, OH 43026
  

The Laurels of Huber Heights LLC, The Laurels of Huber Heights

5440 Charlesgate Rd., Huber Heights, OH 45424
  

The Laurels of Jefferson LLC, The Laurels of Steubenville

500 Stanton Blvd., Steubenville, OH 43952
  

The Laurels of New London, LLC, The Laurels of New London

204 West Main St., New London, OH 44851
  

The Laurels of Rockford, Inc., The Laurels of Shane Hill and Maplewood of Shane’s Village

10701-10731 St Rt 118, Rockford, OH 45882
  

The Laurels of Summit Inn, Inc., The Laurels of Summit Ridge

100 Riceville Rd., Asheville, NC 28805
  

  

			
	ACORD 101 (2008/01)	 	© 2008 ACORD CORPORATION. All rights reserved.
	The ACORD name and logo are registered marks of ACORD

							
		  	AGENCY CUSTOMER ID:	  	LAURHEA-01	  	                    DROEDING
		  		  	  

		  	LOC #:	  	  
	  	

  

					
	

	  	ADDITIONAL REMARKS SCHEDULE	  	Page   2   of   2  

 

							
	 AGENCY

 
 Cincinnati/ Assured Neace Lukens Insurance Agency Inc
	  	 NAMED INSURED

Laurel Health Care Holdings, Inc.
 8181 Worthington
Rd.
 Westerville, OH 43082
	  	 
	POLICY NUMBER	 	 	  	  
	  

CPP982692202
	 		  	  
	CARRIER	 	NAIC CODE  	  	  
	  

Zurich American Insurance Co
	 	  
 16535
	  	EFFECTIVE DATE: 11/1/2014	  	 

   ADDITIONAL REMARKS 
  

	
	  

THIS ADDITIONAL REMARKS FORM IS A SCHEDULE TO ACORD FORM,
  

FORM NUMBER:  ACORD 28    FORM TITLE:  EVIDENCE OF COMMERCIAL PROPERTY INSURANCE

	  

The Laurels of Toledo, LLC, The Laurels of Toledo
 1011
N Byrne Rd., Toledo, OH 43607
  
 The Laurels of University Park, LLC, The Laurels
of University Park
 2420 Pemberton Rd., Richmond, VA 23233
  

The Laurels of West Carrollton, LLC, The Laurels of West Carrollton

115 Elmwood Circle, West Carrollton, OH 45449
  

Oak Health Care Investors, Inc., The Laurels of DeKalb

520 W Liberty Street, Butler, IN 46721
  

Oak Health Care Investors of Coldwater, Inc., The Laurels of Coldwater

90 N Michigan Avenue, Coldwater, MI 49036
  

Oak Health Care Investors of Defiance, Inc., The Laurels of Defiance

1701 S Jefferson, Defiance, OH 43512
  

Oak Health Care Investors of Mt. Vernon, Inc., The Laurels of Mt. Vernon

13 Avalon Rd, Mt Vernon, OH 43050
  

Oak Health Care Investors of North Carolina, Inc., The Laurels of Forest Glenn

1101 Hartwell Street, Garner, NC 27529
  

Oak Health Care Investors of Richmond VA, Inc., The Laurels of Willow Creek

11611 Robious Road, Midlothian, VA 23113
  

Oak Health Care Investors of Salisbury, Inc., The Laurels of Salisbury

215 Lash Drive, Salisbury, NC 28147
  

  

			
	ACORD 101 (2008/01)	 	© 2008 ACORD CORPORATION. All rights reserved.
	The ACORD name and logo are registered marks of ACORD

 

 
  

			
	Zurich Property Extension
		
	 Coverage
	  	 Limit of Insurance

	 Civil Authority – Business Income
	  	30 Days
	
                         
    Extra Expense
	  	30 Days
	 Communicable Disease Suspension of Operations Business Income
	  	$100,000 Per premises
	 Consequential Loss Net Leasehold Interest
	  	$25,000 Per Premises
	 Consequential Loss Tenants Improvements and Betterments
	  	$250,000 Per Premises
	 Consequential Loss Undamaged Stock
	  	$250,000 Per Premises
	 Contamination By a Refrigerant
	  	$25,000 Per Premises
	 Contractual Penalties Business Income
	  	$25,000 per Occurrence
	 Debris Removal Covered Property
	  	Covered
	 Debris Removal Supplemental Limit
	  	$250,000 Per Occurrence
	 Debris Removal Uncovered Property
	  	$2,500 per occurrence
	 Decontamination Expense
	  	$50,000 Per Premises
	 Deferred Payments
	  	$50,000 Per Occurrence
	 Dependent Business Income – Unscheduled Locations
	  	$250,000 Per Occurrence
	 Electronic Vandalism     Business Income
	  	$25,000 Annual Aggregate
	
                         
               Direct Damage
	  	$25,000 Annual Aggregate
	 Expediting Expense
	  	$25,000 Per Premises
	 Expense to Reduce Loss Business Income
	  	Covered
	 Extended Period of Indemnity
	  	360 Days
	 Extra Expense
	  	$25,000 Per Premises
	 Fairs or Exhibitions Business Income
	  	$10,000 Per Occurrence
	
                         
        Personal Property
	  	$50,000 Per Occurrence
	 Fire Dept Service Charge
	  	$250,000 Per Premises
	 Fire Protective Equipment Refills
	  	Covered
	 Inflation Guard     Real Property
	  	4%
	
                         
    Personal Property
	  	4%
	 Ingress/Egress       Business Income
	  	30 Days
	
                         
     Extra Expense
	  	30 Days
	 Lock and Key Replacement
	  	$25,000 Per Premises
	 Microorganisms – Business Income
	  	$25,000 Annual Aggregate
	 Microorganisms
	  	$25,000 Annual Aggregate
	 Mobile Medical Equipment
	  	$50,000 Per Occurrence

 

 
  

			
	 Newly Acquired Premises
	  	Limits apply separately to each newly acquired premises
	 Real Property
	  	$1,000,000 for 180 Days
	 Personal Property
	  	$1,000,000 for 180 Days
	 Business Income
	  	$250,000 for 180 Days
	 Extra Expense
	  	$25,000 for 180 Days
	 Newly Acquired Property
	  	
	 Real Property
	  	$250,000 per premises 180 Days
	 Personal Property
	  	$250,000 per premises 180 Days
	 Off-Premises Service Interruption – Direct Damage
	  	$100,000 Per Premises
	 Off-Premises Service Interruption – Business Income and Extra Expense
	  	$100,000 Per Premises
	 Ordinary Payroll Limitation
	  	90 Days
	 Outdoor Trees, Shrubs, Plants or Lawns
	  	 $250,000 per premises

$5,000 per Tree, Shrub, Plant or Lawn

	 Patient Evacuation
	  	$25,000 Per Premises
	 Pollutant Clean Up and Removal Land and Water
	  	$25,000 Annual Aggregate Per Premises
	 Preservation of Property
	  	180 Days
	 Professional Fees
	  	$25,000 Per Occurrence
	 Radioactive Contamination
	  	$50,000 per premises
	 Reported Unscheduled Premises
	  	
	 Real Property
	  	NOT COVERED
	 Personal Property
	  	NOT COVERED
	 Business Income
	  	NOT COVERED
	 Extra Expense
	  	NOT COVERED
	 Reward Payments
	  	$25,000 Per Occurrence
	 Salesperson Samples
	  	$25,000 Per Occurrence
	 Spoilage Equipment Breakdown
	  	$100,000 Per Premises
	 Theft Damage to Buildings
	  	Covered
	 Unreported Premises
	  	
	 Real Property
	  	$100,000 Per Unreported Premises
	 Personal Property
	  	$100,000 Per Unreported Premises
	 Business Income
	  	$10,000 Per Unreported Premises
	 Extra Expense
	  	$10,000 Per Unreported Premises
	 Accounts Receivable (Revenue Loss)
	  	$250,000 Per Premises
	 Accounts Receivable (Revenue Loss) away from Premises
	  	$250,000 Per Occurrence
	 Fine Arts
	  	$25,000 Per Premises
	 Fine Arts Away from Premises
	  	$25,000 Per Occurrence

 

 
  

			
	 Installation and Service Property -
	  	
	 Stock to be installed
	  	$25,000
	 Per Occurrence-Installation Premises
	  	$25,000
	 Per Occurrence-Temporary Storage location
	  	$25,000
	 Per Occurrence-Transit
	  	
	 Tools and Equipment
	  	Not Covered
	 Scheduled Equipment
	  	$1,000 Per Any One Item
	 Unscheduled Tools & Equipment
	  	$10,000 Per Occurrence
	 Original Information Property
	  	$250,000 Per Premises
	 Original Information Property Away From Premises
	  	$250,000 Per occurrence
	 Transit     Personal Property
	  	$25,000 Per occurrence
	                 Business Income
	  	$10,000 Per Occurrence

	K.	MORTGAGEHOLDERS 

  

	 	1.	Mortgageholder includes trustee. 

  

	 	2.	We will pay for covered loss of or damage to buildings or structures to each mortgageholder shown on the Declarations in their order of precedence, as interests may appear. 

 

	 	3.	The mortgageholder has the right to receive loss payment even if the mortgageholder has started foreclosure or similar action on the building or structure. 

 

	 	4.	If we deny your claim because of your acts or because you have failed to comply with the terms of this Commercial Property Coverage Part, the mortgageholder will still have the right to receive loss payment if
the mortgageholder: 

  

	 	a.	Pays the premium due under this Commercial Property Coverage Part at our request if you have failed to do so; 

  

	 	b.	Submits a signed, sworn proof of loss within 60 days after receiving notice from us of your failure to do so; and 

  

	 	c.	Has notified us of any change in ownership, occupancy, or substantial change in risk known to the mortgageholder. 

All of the terms of this Commercial Property Coverage Part will then apply directly to the mortgageholder. 

 

	 	5.	If we pay the mortgageholder for any loss or damage and deny payment to you because of your acts or because you have failed to comply with the terms of this Commercial Property Coverage Part: 

 

	 	a.	The mortgageholder’s rights under the mortgage will be transferred to us to the extent of the amount we pay; and 

  

	 	b.	The mortgageholder’s right to recover the full amount of the mortgageholder’s claim will not be impaired. 

At our option, we may pay to the mortgageholder the whole principal on the mortgage plus any accrued interest. In this event, your mortgage and
note will be transferred to us and you will pay your remaining mortgage debt to us. 
  

	 	6.	If we cancel the policy, we will give written notice to the mortgageholder at least: 

  

	 	a.	10 days before the effective date of cancellation if we cancel for your nonpayment of premium; or 

  

	 	b.	30 days before the effective date of cancellation if we cancel for any other reason. 

  

	 	7.	If we elect not to renew the policy, we will give written notice to the mortgageholder at least 10 days before the expiration date of this policy. 

 

	L.	NO BENEFIT TO BAILEE 

 No person or organization, other than you, having custody of
Covered Property will benefit from this insurance. 

  

					
		 	Includes copyrighted material of Insurance Services Office, Inc., with its permission	 	 PPP-0102 (03 14)

Page 4 of 7

 

 
 DROEDING 
ACORD EVIDENCE OF COMMERCIAL PROPERTY
INSURANCE DATE (MM/DD/YYYY) 12/15/2014 
THIS EVIDENCE OF COMMERCIAL PROPERTY INSURANCE IS ISSUED AS A MATTER OF INFORMATION ONLY AND CONFERS NO RIGHTS UPON THE
ADDITIONAL INTEREST NAMED BELOW. THIS EVIDENCE DOES NOT AFFIRMATIVELY OR NEGATIVELY AMEND, EXTEND OR ALTER THE COVERAGE AFFORDED BY THE POLICIES BELOW. THIS EVIDENCE OF INSURANCE DOES NOT CONSTITUTE A CONTRACT BETWEEN THE ISSUING INSURER(S),
AUTHORIZED REPRESENTATIVE OR PRODUCER, AND THE ADDITIONAL INTEREST. 
PRODUCER NAME, 
CONTACT PERSON AND ADDRESS 
Cincinnati/ Assured Neace Lukens Insurance Agency Inc 
4000 Smith Road, Suite 400 
Cincinnati, OH 45209 
PHONE (A/C. No. Ext): (513) 333-0700 
COMPANY NAME AND ADDRESS 
Zurich American Insurance Co 
1400 American Lane 
Schaumburg, IL 601961056 
NAIC NO: 16535 
FAX (A/C. NO): (513) 333-0735 
E-MAIL ADDRESS: 
IF MULTIPLE COMPANIES, COMPLETE SEPARATE FORM FOR EACH 
CODE: SUB CODE: POLICY TYPE Commercial
Package Policy 
AGENCY CUSTOMER ID #: LAURHEA-01 
NAMED INSURED AND ADDRESS

Laurel Health Care Holdings, Inc. 
8181 Worthington Rd. 
Westerville, OH 43082 
LOAN NUMBER POLICY NUMBER CPP982692202 
EFFECTIVE DATE 11/1/2014 EXPIRATION DATE 11/1/2015 CONTINUED UNTIL TERMINATED IF CHECKED

ADDITIONAL NAMED INSURED(S) THIS REPLACES PRIOR EVIDENCE DATED: 
PROPERTY
INFORMATION (Use REMARKS on page 2, If more space is required) X BUILDING OR X BUSINESS PERSONAL PROPERTY 
LOCATION / DESCRIPTION 
THE POLICIES OF INSURANCE LISTED BELOW HAVE BEEN ISSUED TO THE INSURED NAMED ABOVE FOR THE POLICY PERIOD INDICATED. NOTWITHSTANDING ANY REQUIREMENT, TERM OR CONDITION OF ANY
CONTRACT OR OTHER DOCUMENT WITH RESPECT TO WHICH THIS EVIDENCE OF PROPERTY INSURANCE MAY BE ISSUED OR MAY PERTAIN, THE INSURANCE AFFORDED BY THE POLICIES DESCRIBED HEREIN IS SUBJECT TO ALL THE TERMS, EXCLUSIONS AND CONDITIONS OF SUCH POLICIES.
LIMITS SHOWN MAY HAVE BEEN REDUCED BY PAID CLAIMS. 
COVERAGE INFORMATION PERILS INSURED BASIC BROAD X SPECIAL 
COMMERCIAL PROPERTY COVERAGE AMOUNT OF INSURANCE: $ 275,905,792 DED: 25,000 
YES NO N/A

X BUSINESS INCOME RENTAL VALUE X If YES, LIMIT: 77,397,233 X Actual Loss Sustained; # of months: 24 
BLANKET COVERAGE X If YES, indicate value(s) reported on property identified above: $

TERRORISM COVERAGE X Attach Disclosure Notice / DEC 
IS THERE A
TERRORISM-SPECIFIC EXCLUSION? X 
IS DOMESTIC TERRORISM EXCLUDED? X 
LIMITED
FUNGUS COVERAGE X If YES, LIMIT: DED: 
FUNGUS EXCLUSION (If “YES”, specify organization’s form used) X 
REPLACEMENT COST X 
AGREED VALUE X 
COINSURANCE X If YES, % 
EQUIPMENT BREAKDOWN (If Applicable) X If YES, LIMIT: DED: 
ORDINANCE OR LAW - Coverage for loss to undamaged portion of bldg X If YES, LIMIT: DED: 
-
Demolition Costs X If YES, LIMIT: DED: 
- Incr. Cost of Construction X If YES, LIMIT: DED: 
EARTH MOVEMENT (If Applicable) X If YES, LIMIT: 25,000,000 DED: 50,000 
FLOOD (If Applicable) X
If YES, LIMIT: 25,000,000 DED: 50,000 
WIND / HAIL INCL X YES NO Subject to Different Provisions: X If YES, LIMIT: DED: 
NAMED STORM INCL X YES NO Subject to Different Provisions: X If YES, LIMIT: DED: 
PERMISSION TO
WAIVE SUBROGATION IN FAVOR OF MORTGAGE HOLDER PRIOR TO LOSS X 
CANCELLATION

SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED BEFORE THE EXPIRATION DATE THEREOF, NOTICE WILL BE DELIVERED IN ACCORDANCE WITH THE POLICY PROVISIONS.

ADDITIONAL INTEREST 
X MORTGAGEE 
LENDERS LOSS PAYABLE X 
CONTRACT OF SALE 
X Loss Payee 
LENDER SERVICING AGENT NAME AND ADDRESS 
NAME AND ADDRESS 
General Electric Capital Corporation, ISAOA, ATIMA 
GE Healthcare Financial Services 
%GEMSA Loan Services, LP 
929 Gessner, Suite 1700 
Houston, TX 77024 
AUTHORIZED REPRESENTATIVE 
Page 1 of 2 © 2003-2014 ACORD CORPORATION. All rights reserved.
ACORD 28 (2014/01) The ACORD name and logo are registered marks of ACORD 

LAURHEA-01                    DROEDING

 EVIDENCE OF COMMERCIAL PROPERTY INSURANCE REMARKS - Including Special Conditions (Use only if more space is required) 

 

	
	  

Special Conditions:
 70 Columbus Circle Dr., Athens OH
45701 Flood Exception $2,500,000 Flood Limit with a $500,000 Deductible
  
 Wind
Hail and Named Storm applicable to 2420 Pemberton Rd. Richmond VA 23233 for Direct Damage and Time Element deductible is $25,000 per loss
  

Business Income deductible is 24 Hours
  

Financing VI Healthcare Property, L.L.C; Aviv Financing VI, L.L.C; Aviv Healthcare Properties Operating Partnership I, L.P.; Aviv Healthcare Properties
Limited Partnership and Aviv REIT, Inc. as Loss Payees; and General Electric Capital Corporation, ISAOA, ATIMA, GE Healthcare Financial Services, %Gemsa Loan Services, L.P. are named Mortgagee and Loss Payees to the insureds Cancellation clause is
as per policy-clause attached.
  
 Remarks:

Named Insureds and Covered Locations
 Laurel Health Care
Holdings, Inc.
  
 LHCC Properties, LLC (Master Tenant)

 
 Laurel Health Care Company

 
 Laurel Development Corporation

 
 Laurel Ancillary Services, LLC

 
 HCP Services, LLC (Inactive)

 
 FEI Assets, LLC

Home Office, 8181 Worthington, Westerville, OH 43082
  

Athens LTC, Inc., The Laurels of Athens, Maplewood of Athens

70 Columbus Circle Rd, Athens, OH 45701
  

Fairport Enterprises, Inc., The Laurels of Massillon

2000 Sherman Circle NE, Massillon, OH 44646
  

Laurel Assisted Living Center of Marshall, Inc., Maplewood of Marshall

200 Westbrook Ct, Marshall, Ml 49068
  

Laurel Health Care Company of Battle Creek, The Laurels of Bedford

270 N Bedford Road, Battle Creek, Ml 49017
  

Laurel Health Care Company of Chatham North Carolina, Inc, The Laurels of Chatham

72 Chatham Business Park Drive, Pittsboro, NC 27312
  

Laurel Health Care Company of Gafesburg, The Laurels of Galesburg

1080 N 35th, Galesburg, Ml 49053
  

Laurel Health Care Company of Hillsboro, The Laurels of Hillsboro

175 Chillicothe Ave, Hillsboro, OH 45133
  

Laurel Health Care Company of Hudsonville, The Laurels of Hudsonville

3650 Van Buren Rd, Hudsonville, Ml 49426
  

Laurel Health Care Company of Isabella, Maplewood of Mt. Pleasant

1945 Churchill Blvd Mt. Pleasant MI 48858
  

Laurel Health Care Company of Lowell The Laurels of Kent

350 N Center Street, Lowell, Ml 49331
  

Laurel Health Care Company of Mt. Pleasant, The Laurels of Mt. Pleasant

400 S Crapo St., Mt Pleasant, Ml 48858
  

Laurel Health Care Company of North Carolina, Inc., The Laurels of Hendersonville

290 Clear Creek Road, Hendersonville, NC 28792
  

SEE ATTACHED ACORD 101
  

  

					
	ACORD 28 (2014/01)	 	Page 2 of 2	 	

							
		  	AGENCY CUSTOMER ID:	  	LAURHEA-01	  	                    DROEDING
		  		  	  

		  	LOC #:	  	  
	  	

  

					
	

	  	ADDITIONAL REMARKS SCHEDULE	  	Page   1   of   2  

 

							
	 AGENCY

 
 Cincinnati/ Assured Neace Lukens Insurance Agency Inc
	  	 NAMED INSURED

Laurel Health Care Holdings, Inc.
 8181 Worthington
Rd.
 Westerville, OH 43082
	  	 
	 POLICY NUMBER

 
	 	 	  	  
	CPP982692202	 		  	  
	 CARRIER

 
	 	NAIC CODE  	  	  
	Zurich American Insurance Co	 	16535	  	EFFECTIVE DATE: 11/1/2014	  	 

   ADDITIONAL REMARKS 
  

	
	  

THIS ADDITIONAL REMARKS FORM IS A SCHEDULE TO ACORD FORM,
  

FORM NUMBER:  ACORD 28    FORM TITLE:  EVIDENCE OF COMMERCIAL PROPERTY INSURANCE

	  

Special Conditions/Remarks:
 Laurel Health Care Company
of North Worthington, The Laurels of Norworth
 6830 N High St. Worthington, OH 43085

 
 Laurel Health Care Company of Perrinton, The Laurels of Fulton

4735 Ranger Road, Perrinton, MI 48871
  

Laurel Health Care Company of Wayland, The Laurels of Sandy Creek and Maplewood of Sandy Creek

425 East Elm St, Wayland, MI 49348
  

Laurel Health Care Company of Worthington, The Laurels of Worthington

1030 High St, Worthington, OH 43085
  

The Laurels of Ashewood Manor, Inc., Ashewood Manor
 200
Riceville Rd., Asheville, NC 28805
  
 The Laurels of Blanchester, LLC, The
Laurels of Blanchester
 839 Cherry St., Blanchester, OH 45107
  

Named Insured and Covered Locations
 The Laurels of Bon
Air, LLC. The Laurels of Bon Air
 9101 Bon Air Crossings Dr, Richmond, VA 23235

 
 The Laurels of Canton, LLC., The Laurels of Canton

2714 13th St NW, Canton, OH 44708
  

The Laurels of Carson City, LLC, The Laurels of Carson City

620 N Second St., Carson City, MI 48811
  

The Laurels of Charlottesville, LLC, The Laurels of Charlottesville

1165 Pepsi Place, Charlottesville, VA 22901
  

The Laurels of Greentree Ridge, Inc., The Laurels of Greentree Ridge

70 Sweeten Creek Rd, Asheville, NC 28803
  

The Laurels of Hilliard, LLC, The Laurels of Hilliard

5471 Scioto Darby Rd, Hilliard, OH 43026
  

The Laurels of Huber Heights LLC, The Laurels of Huber Heights

5440 Charlesgate Rd., Huber Heights, OH 45424
  

The Laurels of Jefferson LLC, The Laurels of Steubenville

500 Stanton Blvd., Steubenville, OH 43952
  

The Laurels of New London, LLC, The Laurels of New London

204 West Main St., New London, OH 44851
  

The Laurels of Rockford, Inc., The Laurels of Shane Hill and Maplewood of Shane’s Village

10701-10731 St Rt 118, Rockford, OH 45882
  

The Laurels of Summit Inn, Inc., The Laurels of Summit Ridge

100 Riceville Rd., Asheville, NC 28805
  

  

			
	ACORD 101 (2008/01)	 	© 2008 ACORD CORPORATION. All rights reserved.
	The ACORD name and logo are registered marks of ACORD

							
		  	AGENCY CUSTOMER ID:	  	LAURHEA-01	  	                    DROEDING
		  		  	  

		  	LOC #:	  	  
	  	

  

					
	

	  	ADDITIONAL REMARKS SCHEDULE	  	Page   2   of   2  

 

							
	 AGENCY

 
 Cincinnati/ Assured Neace Lukens Insurance Agency Inc
	  	 NAMED INSURED

Laurel Health Care Holdings, Inc.
 8181 Worthington
Rd.
 Westerville, OH 43082
	  	 
	 POLICY NUMBER

 
	 	 	  	  
	CPP982692202	 		  	  
	 CARRIER

 
	 	NAIC CODE  	  	  
	Zurich American Insurance Co	 	16535	  	EFFECTIVE DATE: 11/1/2014	  	 

   ADDITIONAL REMARKS 
  

	
	  

THIS ADDITIONAL REMARKS FORM IS A SCHEDULE TO ACORD FORM,
  

FORM NUMBER:  ACORD 28    FORM TITLE:  EVIDENCE OF COMMERCIAL PROPERTY INSURANCE

	  

The Laurels of Toledo, LLC, The Laurels of Toledo
 1011
N Byrne Rd., Toledo, OH 43607
  
 The Laurels of University Park, LLC, The Laurels
of University Park
 2420 Pemberton Rd., Richmond, VA 23233
  

The Laurels of West Carrollton, LLC, The Laurels of West Carrollton

115 Elmwood Circle, West Carrollton, OH 45449
  

Oak Health Care Investors, Inc., The Laurels of DeKalb

520 W Liberty Street, Butler, IN 46721
  

Oak Health Care Investors of Coldwater, Inc., The Laurels of Coldwater

90 N Michigan Avenue, Coldwater, MI 49036
  

Oak Health Care Investors of Defiance, Inc., The Laurels of Defiance

1701 S Jefferson, Defiance, OH 43512
  

Oak Health Care Investors of Mt. Vernon, Inc., The Laurels of Mt. Vernon

13 Avalon Rd, Mt Vernon, OH 43050
  

Oak Health Care Investors of North Carolina, Inc., The Laurels of Forest Glenn

1101 Hartwell Street, Garner, NC 27529
  

Oak Health Care Investors of Richmond VA, Inc., The Laurels of Willow Creek

11611 Robious Road, Midlothlan, VA 23113
  

Oak Health Care Investors of Salisbury, Inc., The Laurels of Salisbury

215 Lash Drive, Salisbury, NC 28147
  

  

			
	ACORD 101 (2008/01)	 	© 2008 ACORD CORPORATION. All rights reserved.
	The ACORD name and logo are registered marks of ACORD

 

 
  

			
	Zurich Property Extension
	 Coverage
	  	 Limit of Insurance

	 Civil Authority – Business Income
	  	30 Days
	
                         
    Extra Expense
	  	30 Days
	 Communicable Disease Suspension of Operations Business Income
	  	$100,000 Per premises
	 Consequential Loss Net Leasehold Interest
	  	$25,000 Per Premises
	 Consequential Loss Tenants Improvements and Betterments
	  	$250,000 Per Premises
	 Consequential Loss Undamaged Stock
	  	$250,000 Per Premises
	 Contamination By a Refrigerant
	  	$25,000 Per Premises
	 Contractual Penalties Business Income
	  	$25,000 per Occurrence
	 Debris Removal Covered Property
	  	Covered
	 Debris Removal Supplemental Limit
	  	$250,000 Per Occurrence
	 Debris Removal Uncovered Property
	  	$2,500 per occurrence
	 Decontamination Expense
	  	$50,000 Per Premises
	 Deferred Payments
	  	$50,000 Per Occurrence
	 Dependent Business Income – Unscheduled Locations
	  	$250,000 Per Occurrence
	 Electronic Vandalism     Business Income
	  	$25,000 Annual Aggregate
	
                         
               Direct Damage
	  	$25,000 Annual Aggregate
	 Expediting Expense
	  	$25,000 Per Premises
	 Expense to Reduce Loss Business Income
	  	Covered
	 Extended Period of Indemnity
	  	360 Days
	 Extra Expense
	  	$25,000 Per Premises
	 Fairs or Exhibitions     Business Income
	  	$10,000 Per Occurrence
	
                         
            Personal Property
	  	$50,000 Per Occurrence
	 Fire Dept Service Charge
	  	$250,000 Per Premises
	 Fire Protective Equipment Refills
	  	Covered
	 Inflation Guard     Real Property
	  	4%
	
                         
    Personal Property
	  	4%
	 Ingress/Egress       Business Income
	  	30 Days
	
                         
     Extra Expense
	  	30 Days
	 Lock and Key Replacement
	  	$25,000 Per Premises
	 Microorganisms – Business Income
	  	$25,000 Annual Aggregate
	 Microorganisms
	  	$25,000 Annual Aggregate
	 Mobile Medical Equipment
	  	$50,000 Per Occurrence

 

 
  

			
	 Newly Acquired Premises
	  	Limits apply separately to each newly acquired premises
	 Real Property
	  	$1,000,000 for 180 Days
	 Personal Property
	  	$1,000,000 for 180 Days
	 Business Income
	  	$250,000 for 180 Days
	 Extra Expense
	  	$25,000 for 180 Days
	 Newly Acquired Property
	  	
	 Real Property
	  	$250,000 per premises 180 Days
	 Personal Property
	  	$250,000 per premises 180 Days
	 Off-Premises Service Interruption – Direct Damage
	  	$100,000 Per Premises
	 Off-Premises Service Interruption – Business Income and Extra Expense
	  	$100,000 Per Premises
	 Ordinary Payroll Limitation
	  	90 Days
	 Outdoor Trees, Shrubs, Plants or Lawns
	  	 $250,000 per premises

$5,000 per Tree, Shrub, Plant or Lawn

	 Patient Evacuation
	  	$25,000 Per Premises
	 Pollutant Clean Up and Removal Land and Water
	  	$25,000 Annual Aggregate Per Premises
	 Preservation of Property
	  	180 Days
	 Professional Fees
	  	$25,000 Per Occurrence
	 Radioactive Contamination
	  	$50,000 per premises
	 Reported Unscheduled Premises
	  	
	 Real Property
	  	NOT COVERED
	 Personal Property
	  	NOT COVERED
	 Business Income
	  	NOT COVERED
	 Extra Expense
	  	NOT COVERED
	 Reward Payments
	  	$25,000 Per Occurrence
	 Salesperson Samples
	  	$25,000 Per Occurrence
	 Spoilage Equipment Breakdown
	  	$100,000 Per Premises
	 Theft Damage to Buildings
	  	Covered
	 Unreported Premises
	  	
	 Real Property
	  	$100,000 Per Unreported Premises
	 Personal Property
	  	$100,000 Per Unreported Premises
	 Business Income
	  	$10,000 Per Unreported Premises
	 Extra Expense
	  	$10,000 Per Unreported Premises
	 Accounts Receivable (Revenue Loss)
	  	$250,000 Per Premises
	 Accounts Receivable (Revenue Loss) away from Premises
	  	$250,000 Per Occurrence
	 Fine Arts
	  	$25,000 Per Premises
	 Fine Arts Away from Premises
	  	$25,000 Per Occurrence

 

 
  

			
	 Installation and Service Property –
	  	
	 Stock to be installed
	  	$25,000
	 Per Occurrence-Installation Premises
	  	$25,000
	 Per Occurrence-Temporary Storage location
	  	$25,000
	 Per Occurrence-Transit
	  	
	 Tools and Equipment
	  	Not Covered
	 Scheduled Equipment
	  	$1,000 Per Any One Item
	 Unscheduled Tools & Equipment
	  	$10,000 Per Occurrence
	 Original Information Property
	  	$250,000 Per Premises
	 Original Information Property Away From Premises
	  	$250,000 Per occurrence
	 Transit     Personal Property
	  	$25,000 Per occurrence
	                 Business Income
	  	$10,000 Per Occurrence

	K.	MORTGAGEHOLDERS 

  

	 	1.	Mortgageholder includes trustee. 

  

	 	2.	We will pay for covered loss of or damage to buildings or structures to each mortgageholder shown on the Declarations in their order of precedence, as interests may appear. 

 

	 	3.	The mortgageholder has the right to receive loss payment even if the mortgageholder has started foreclosure or similar action on the building or structure. 

 

	 	4.	If we deny your claim because of your acts or because you have failed to comply with the terms of this Commercial Property Coverage Part, the mortgageholder will still have the right to receive loss payment if
the mortgageholder: 

  

	 	a.	Pays the premium due under this Commercial Property Coverage Part at our request if you have failed to do so; 

  

	 	b.	Submits a signed, sworn proof of loss within 60 days after receiving notice from us of your failure to do so; and 

  

	 	c.	Has notified us of any change in ownership, occupancy, or substantial change in risk known to the mortgageholder. 

All of the terms of this Commercial Property Coverage Part will then apply directly to the mortgageholder. 

 

	 	5.	If we pay the mortgageholder for any loss or damage and deny payment to you because of your acts or because you have failed to comply with the terms of this Commercial Property Coverage Part: 

 

	 	a.	The mortgageholder’s rights under the mortgage will be transferred to us to the extent of the amount we pay; and 

  

	 	b.	The mortgageholder’s right to recover the full amount of the mortgageholder’s claim will not be impaired. 

At our option, we may pay to the mortgageholder the whole principal on the mortgage plus any accrued interest. In this event, your mortgage and
note will be transferred to us and you will pay your remaining mortgage debt to us. 
  

	 	6.	If we cancel the policy, we will give written notice to the mortgageholder at least: 

  

	 	a.	10 days before the effective date of cancellation if we cancel for your nonpayment of premium; or 

  

	 	b.	30 days before the effective date of cancellation if we cancel for any other reason. 

  

	 	7.	If we elect not to renew the policy, we will give written notice to the mortgageholder at least 10 days before the expiration date of this policy. 

 

	L.	NO BENEFIT TO BAILEE 

 No person or organization, other than you, having custody of
Covered Property will benefit from this insurance. 

  

					
		 	Includes copyrighted material of Insurance Services Office, Inc., with its permission	 	 PPP-0102 (03 14)

Page 4 of 7

 SCHEDULE 5.19 

HEALTHCARE DISCLOSURES 
 None. 

 SCHEDULE 5.23 

PATRIOT ACT INFORMATION 
  

													
	 Credit Party’s Legal
Name
	  	 State of

Formation
	  	 Chief Executive
Office
	  	 Principle Place of
Business
	  	 Licensed to do
Business in
	  	 Tax ID
	  	 Organizational ID

							
	Aviv Financing VI, L.L.C.	  	Delaware	  	303 West Madison Street, Suite 2400 Chicago, IL 60606	  	303 West Madison Street, Suite 2400 Chicago, IL 60606	  	State of formation only	  	61-1749036	  	5628710
							
	Financing VI Healthcare Property, L.L.C.	  	Delaware	  	303 West Madison Street, Suite 2400 Chicago, IL 60606	  	303 West Madison Street, Suite 2400 Chicago, IL 60606	  	Indiana, Michigan, North Carolina, Ohio, Virginia	  	35-2519380	  	5628715

 SCHEDULE 7.01 

LIENS 
 None. 

 SCHEDULE 7.02 

BORROWERS’ INDEBTEDNESS 

None. 

 SCHEDULE 7.03 

INVESTMENTS 
  

	1.	Capital Stock as more fully set forth on Schedule 5.11 hereto. 

 SCHEDULE 9.12 

ALLOCATED LOAN VALUES 
 [see
attached] 

									
	 Facility
	  	State	  	City	  	Allocated Loan	 
				
	 The Laurels of Coldwater
	  	MI	  	Coldwater	  	$	9,104,320	  
	 The Laurels of Kent
	  	MI	  	Lowell	  	$	9,926,238	  
	 The Laurels of Hudsonville
	  	MI	  	Hudsonville	  	$	6,385,669	  
	 The Laurels of Mt. Pleasant
	  	MI	  	Mt. Pleasant	  	$	6,448,894	  
	 Maplewood of Mt. Pleasant
	  	MI	  	Mt. Pleasant	  	$	2,971,549	  
	 The Laurels of Galesburg
	  	MI	  	Galesburg	  	$	5,943,098	  
	 The Laurels of Bedford
	  	MI	  	Battlecreek	  	$	8,408,851	  
	 The Laurels of Sandy Creek
	  	MI	  	Wayland	  	$	3,477,345	  
	 Maplewood of Sandy Creek
	  	  	  
	 The Laurels of Fulton
	  	MI	  	Perrinton	  	$	2,402,529	  
	 Maplewood of Marshall
	  	MI	  	Marshall	  	$	5,690,200	  
	 The Laurels of Massillon
	  	OH	  	Massilon	  	$	14,225,501	  
	 The Laurels of Defiance
	  	OH	  	Defiance	  	$	8,598,525	  
	 The Laurels of Mt. Vernon
	  	OH	  	Mt. Vernon	  	$	6,954,689	  
	 The Laurels of Norworth
	  	OH	  	Worthington	  	$	9,420,443	  
	 The Laurels of Hillsboro
	  	OH	  	Hillsboro	  	$	6,259,220	  
	 The Laurels of Worthington
	  	OH	  	Worthington	  	$	7,523,709	  
	 The Laurels of Shane Hill
	  	OH	  	Rockford	  	$	4,425,711	  
	 Maplewood of Shane Hill
	  	  	  
	 The Laurels of Green Tree Ridge
	  	NC	  	Asheville	  	$	9,863,014	  
	 The Laurels of Summit Ridge
	  	NC	  	Asheville	  	$	9,926,238	  
	 Ashewood Manor
	  	NC	  	Asheville	  	$	569,020	  
	 The Laurels of Forest Glenn
	  	NC	  	Garner	  	$	10,621,707	  
	 The Laurels of Chatham
	  	NC	  	Pittsboro	  	$	8,851,423	  
	 The Laurels of Salisbury
	  	NC	  	Salisbury	  	$	6,069,547	  
	 The Laurels of Dekalb
	  	IN	  	Butler	  	$	5,626,976	  
	 The Laurels of Hendersonville
	  	NC	  	Hendersonville	  	$	2,402,529	  
	 The Laurels of Willow Creek
	  	VA	  	Midlothian	  	$	7,903,056	  
		  		  		  	  
	  
	 
				
	 Total Portfolio
	  		  		  	$	180,000,000	  
		  		  		  	  
	  
	 

 SCHEDULE 10.02 

NOTICE ADDRESSES 
 Credit Parties: 

c/o Aviv REIT, Inc. 
 303 West Madison Street 

Suite 2400 
 Chicago, Illinois 60606 

Attention: Craig M. Bernfield 
 Facsimile: 312-855-1684 

with a copy (which shall not constitute notice) to: 
 c/o
Aviv REIT, Inc. 
 303 West Madison Street 
 Suite 2400 

Chicago, Illinois 60606 
 Attention: General Counsel 

Facsimile: 312-855-1684 
 And with a copy (which shall
not constitute notice) to: 
 Sidley Austin, LLP 
 One
South Dearborn Street 
 Chicago, IL 60603 
 Attention: Paul
Monson 
 Telephone: 312-853-7504 
 Facsimile: 312-853-7036
(recipients name must appear on the facsimile) 
 Email: pmonson@sidley.com 

 Administrative Agent: 

General Electric Capital Corporation 
 Loan No. 07-0004582

 500 West Monroe Street 
 Chicago, Illinois 60661 

			
	Attention:	 	Jeffrey Muchmore
	Telephone:	 	312-441-7308
	Facsimile:	 	866-254-1971
	Email:	 	jeffrey.muchmore@ge.com

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

General Electric Capital Corporation 
 Loan No. 07-0004416

 5804 Trailridge Drive 
 Austin, Texas 78731 

Attention: Diana Pennington, Chief Counsel 

			
	Telephone:	 	512-458-8526
	Facsimile:	 	866-221-0433
	Email:	 	diana.pennington@ge.com

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

Jones Day 
 1420 Peachtree Street, N.E., Suite 800 

Atlanta, GA 30309-3053 
 Attention: Cindy A. Brazell 

Telephone: 404-581-8294 
 Facsimile: 404-581-8330 (recipients name
must appear on the facsimile) 
 Email: cbrazell@jonesday.com 

Lenders: 
 Contact information for Lenders on file with
the Administrative Agent. 

 Exhibit A 

FORM OF ASSIGNMENT AND ASSUMPTION 

This Assignment and Assumption (this “Assignment and Assumption”) is dated as of the Effective Date set forth below and is
entered into by and between [Insert name of Assignor] (the “Assignor”) and [Insert name of Assignee] (the “Assignee”). Capitalized terms used but not defined herein have the meanings provided in the
Credit Agreement identified below, receipt of a copy of which is hereby acknowledged by the Assignee. The Standard Terms and Conditions set forth in Annex 1 attached hereto are hereby agreed to and incorporated herein by reference and made a part of
this Assignment and Assumption as if set forth herein in full. 
 For an agreed consideration, the Assignor hereby irrevocably sells and
assigns to the Assignee, and the Assignee hereby irrevocably purchases and assumes from the Assignor, subject to and in accordance with the Standard Terms and Conditions and the Credit Agreement, as of the Effective Date inserted by the
Administrative Agent as contemplated below (i) [all][a portion] of the Assignor’s rights and obligations as a Lender under the Credit Agreement and any other documents or instruments delivered pursuant thereto to the extent related
to the amount and percentage interest identified below of all of such outstanding rights and obligations of the Assignor under the respective facilities identified below and (ii) to the extent permitted to be assigned under applicable law, all
claims, suits, causes of action and any other right of the Assignor (in its capacity as a Lender) against any Person, whether known or unknown, arising under or in connection with the Credit Agreement, any other documents or instruments delivered
pursuant thereto or the loan transactions governed thereby or in any way based on or related to any of the foregoing, including, but not limited to, 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”); provided, however, the Assignor shall remain entitled to the indemnities set forth in Section 10.04 of the Credit Agreement pursuant to the terms thereof. Such sale and assignment is
without recourse to the Assignor and, except as expressly provided in this Assignment and Assumption, without representation or warranty by the Assignor. 
  

					
	1.	  	Assignor:	  	                                     
                                         
      
			
	2.	  	Assignee:	  	                                     
                                         
       [and is an Affiliate/Approved Fund of [identify Lender]]
			
	3.	  	Borrowers:	  	AVIV Financing VI, L.L.C., a Delaware limited liability company (the “Parent Borrower”), Financing VI Healthcare Property, L.L.C., a Delaware limited liability company (the “Property Borrower”)
(the Property Borrower, together with Parent Borrower and each of the entities who become a party to the Credit Agreement (as defined below) by execution of a Borrower Joinder Agreement, collectively, the “Borrowers”)
			
	4.	  	Administrative Agent:	  	General Electric Capital Corporation
			
	5.	  	Credit Agreement:	  	The Credit Agreement dated as of December 17, 2014, by and among the Borrowers, the Lenders party thereto and the Administrative Agent (as the same may be amended, restated, supplemented, or otherwise modified from time to time,
the “Credit Agreement”)

					
	6.	  	Assigned Interest:	  	

  

													
	 FACILITY ASSIGNED
	  	AGGREGATE
AMOUNT OF

LOAN
FOR ALL LENDERS	 	  	AMOUNT OF
LOAN
ASSIGNED	 	  	PERCENTAGE
ASSIGNED OF
LOAN1	 
	 Term Loan
	  	$	            	  	  	$	            	  	  	 	        	% 

  

					
	7.	  	Trade Date:	  	                                    2
			
	8.	  	Effective Date:	  	                                    3

  
  

	1 	Set forth, to at least 9 decimals, as a percentage of the Loan of all Lenders thereunder. 

	2 	To be completed if the Assignor and the Assignee intend that the minimum assignment amount is to be determined as of the Trade Date. 

	3 	To be inserted by Administrative Agent and shall be the effective date of recordation of transfer in the register therefor. 

  
 Exhibit A 

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

 

					
	ASSIGNOR:	 	[NAME OF ASSIGNOR]
			
		 	By:	 	  

		 	Name:	 	  

		 	Title:	 	  

		
	ASSIGNEE:	 	[NAME OF ASSIGNEE]
			
		 	By:	 	  

		 	Name:	 	  

		 	Title:	 	  

  

			
	[Consented to and]4 Accepted:
	
	 GENERAL ELECTRIC CAPITAL CORPORATION,

as Administrative Agent

		
	By:	 	  

	Name:	 	  

	Title:	 	  

	
	[Consented to:]5
	
	 AVIV FINANCING VI, L.L.C.,
 as
Borrower Representative

		
	By:	 	  

	Name:	 	  

	Title:	 	  

  
  

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

	5 	To be deleted only if the consent of the Borrower is not required by the terms of the Credit Agreement. 

  
 Exhibit A 

 Annex 1 to Assignment and Assumption 

STANDARD TERMS AND CONDITIONS 
 1.
Representations and Warranties. 
 1.1. Assignor. The Assignor (a) represents and warrants that (i) it is the legal and beneficial
owner of the Assigned Interest, (ii) the Assigned Interest is free and clear of any lien, encumbrance or other adverse claim and (iii) it has full power and authority, and has taken all action necessary, to execute and deliver this
Assignment and Assumption and to consummate the transactions contemplated hereby; and (b) assumes no responsibility with respect to (i) any statements, warranties or representations made in or in connection with the Credit Agreement or any
other Credit Document, (ii) the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Credit Documents or any collateral thereunder, (iii) the financial condition of the Borrowers, any of their
Subsidiaries or Affiliates or any other Person obligated in respect of any Credit Document or (iv) the performance or observance by the Borrowers, any of their Subsidiaries or Affiliates or any other Person of any of their respective
obligations under any Credit Document. 
 1.2. Assignee. The Assignee (a) represents and warrants that (i) it has full power and authority,
and has taken all action necessary, to execute and deliver this Assignment and Assumption and to consummate the transactions contemplated hereby and to become a Lender under the Credit Agreement, (ii) it meets all requirements of an Eligible
Assignee under the Credit Agreement (subject to receipt of such consents as may be required under the Credit Agreement), (iii) from and after the Effective Date, it shall be bound by the provisions of the Credit Agreement as a Lender thereunder
and, to the extent of the Assigned Interest, shall have the obligations of a Lender thereunder, (iv) it has received a copy of the Credit Agreement, together with copies of the most recent financial statements delivered pursuant to
Section 6.01 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 Assumption and to purchase the Assigned Interest on the
basis of which it has made such analysis and decision independently and without reliance on the Administrative Agent or any other Lender, and (v) if it is a Foreign Lender, attached hereto is any documentation required to be delivered by it
pursuant to the terms of the Credit Agreement, duly completed and executed by the Assignee; and (b) agrees that (i) it will, independently and without reliance on the Administrative Agent, the Assignor or any other Lender, and based on
such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under the Credit Documents, and (ii) it will perform in accordance with their terms all of the
obligations which by the terms of the Credit Documents are required to be performed by it as a Lender. 
 2. Payments. From and after the Effective
Date, the Administrative Agent shall make all payments in respect of the Assigned interest (including payments of principal, interest, fees and other amounts) to the Assignor for amounts which have accrued to but excluding the Effective Date and to
the Assignee for amounts which have accrued from and after the Effective Date. 
 3. General Provisions. This Assignment and Assumption shall be
binding upon, and inure to the benefit of, the parties hereto and their respective successors and assigns. This Assignment and Assumption may be executed in any number of counterparts, which together shall constitute one instrument. Delivery of an
executed counterpart of a signature page of this Assignment and Assumption by telecopy shall be effective as delivery of a manually executed counterpart of this Assignment and Assumption. This Assignment and Assumption shall be governed by, and
construed in accordance with, the law of the State of Illinois, without regard to conflict of laws principles. 

  
 Exhibit A 

 Exhibit B 

FORM OF BORROWER JOINDER AGREEMENT 

THIS JOINDER AGREEMENT (this “Agreement”), dated as of
            , 201    , is by and between [INSERT NEW BORROWER], a
[                    ] (the “Additional Borrower”), and GENERAL ELECTRIC CAPITAL CORPORATION (together with its successors as
assigns, the “Administrative Agent”), in its capacity as Administrative Agent under that certain Credit Agreement (as it may be amended, restated, supplemented or otherwise modified from time to time, the “Credit
Agreement”), dated as of December 17, 2014, AVIV FINANCING VI, L.L.C., a Delaware limited liability company (the “Parent Borrower”), Financing VI Healthcare Property, L.L.C., a Delaware limited liability company (the
“Property Borrower”) (the Property Borrower, together with Parent Borrower and each of the entities who become a party thereto by execution of a Borrower Joinder Agreement, collectively, the “Borrowers”), the
Lenders from time to time party thereto, and Administrative Agent. Capitalized terms used herein and not otherwise defined herein shall have the meanings assigned to such terms in the Credit Agreement. 

The Credit Parties are required under the provisions of Section 6.12 of the Credit Agreement to cause the Additional Borrower to become a
“Borrower”. 
 Accordingly, the Additional Borrower hereby agrees as follows with the Administrative Agent, for the benefit
of the Lenders: 
 1. The Additional Borrower hereby acknowledges, agrees and confirms that, by its execution of this Agreement, the
Additional Borrower will be deemed to be a party to the Credit Agreement and Notes and a “Borrower” for all purposes of the Credit Agreement and Notes, and shall have all of the obligations of a Borrower thereunder as if it had executed
the Credit Agreement and Notes. The Additional Borrower hereby ratifies, as of the date hereof, and agrees to be bound by, all of the terms, provisions and conditions applicable to the Borrowers contained in the Credit Agreement. Without limiting
the generality of the foregoing terms of this paragraph 1, the Additional Borrower hereby jointly and severally together with the other Borrowers, promises to pay and guarantees to each Lender and the Administrative Agent, the prompt payment and
performance of the Obligations in full when due (whether at stated maturity, as a mandatory prepayment, by acceleration or otherwise) strictly in accordance with the terms thereof. 

2. The Additional Borrower hereby acknowledges, agrees and confirms that, by its execution of this Agreement, the Additional Borrower will be
deemed to be a party to the Security Agreement, and shall have all the obligations of an “Obligor” (as such term is defined in the Security Agreement) thereunder as if it had executed the Security Agreement. The Additional Borrower hereby
ratifies, as of the date hereof, and agrees to be bound by, all of the terms, provisions and conditions contained in the Security Agreement. Without limiting generality of the foregoing terms of this paragraph 2, the Additional Borrower hereby
grants to the Administrative Agent, for the benefit of the Lenders, a continuing security interest in, lien on, and, subject to the terms and conditions of the Security Agreement, a right of set off against any and all right, title and interest of
the Additional Borrower in and to the Collateral (as such term is defined in Section 1 of the Security Agreement) of the Additional Borrower. The Additional Borrower hereby represents and warrants to the Administrative Agent that: 

(i) The Additional Borrower’s legal name, state of formation, chief executive office and chief place of business are (and
for the prior four (4) months have been) located at the locations set forth on Schedule 1 hereto and the Additional Borrower keeps its books and records at such locations. 

  
 Exhibit B 

 (ii) The type of Collateral owned by the Additional Borrower and the location of
all Collateral owned by the Additional Borrower is as shown on Schedule 2 hereto. 
 (iii) The Additional
Borrower’s legal name is as shown in this Agreement and the Additional Borrower has not in the past four (4) months changed its name, been party to a merger, consolidation or other change in structure or used any tradename except as set
forth in Schedule 3 hereto. 
 (iv) All Equity Interests in Additional Borrower’s Subsidiaries and Instruments,
Documents, or Tangible Chattel Paper that are required to be pledged and/or delivered to Administrative Agent pursuant to the Security Agreement are set forth on Schedule 4 attached hereto. 

(v) All Commercial Tort Claims (as defined in the Security Agreement) are listed on Schedule 5 attached hereto. 

4. The Additional Borrower hereby acknowledges, agrees and confirms that, by its execution of this Agreement, the Additional Borrower will be
deemed to be a party to the Hazardous Materials Indemnity Agreement and an “Indemnitor” for all purposes of the Hazardous Materials Indemnity Agreement, and shall have all of the obligations of an Indemnitor thereunder as if it had
executed the Hazardous Materials Indemnity Agreement. The Additional Borrower hereby ratifies, as of the date hereof, and agrees to be bound by, all of the terms, provisions and conditions applicable to the Indemnitor contained in the Hazardous
Materials Indemnity Agreement. Without limiting the generality of the foregoing terms of this paragraph 4, the Additional Borrower hereby jointly and severally together with the other Indemnitor, guarantees to each Lender and the Administrative
Agent, the prompt payment and performance of the indemnification obligations and other covenants under the Hazardous Materials Indemnity Agreement strictly in accordance with the terms thereof. 

5. The Additional Borrower hereby acknowledges, agrees and confirms that, by its execution of this Agreement, the Additional Borrower will be
deemed to be a party to the Business Associate Agreement and a “Covered Entity” for all purposes of the Business Associate Agreement, and shall have all of the obligations of a Covered Entity thereunder as if it had executed the Business
Associate Agreement. The Additional Borrower hereby ratifies, as of the date hereof, and agrees to be bound by, all of the terms, provisions and conditions applicable to the Covered Entity contained in the Business Associate Agreement. Without
limiting the generality of the foregoing terms of this paragraph 5, the Additional Borrower hereby jointly and severally together with the other Covered Entities, guarantees to each Lender and the Administrative Agent, the prompt performance of the
obligations and covenants under the Business Associate Agreement strictly in accordance with the terms thereof. 
 6. The Additional
Borrower hereby acknowledges, agrees and confirms that, by its execution of this Agreement, the Additional Borrower will be deemed to be a party to all of the other Credit Documents other than the mortgages not specifically enumerated herein to
which Borrowers are a party (the “Other Credit Documents”) for all purposes of the Other Credit Documents, and shall have all of the obligations of a Borrower thereunder as if it had executed the Other Credit Documents. The
Additional Borrower hereby ratifies, as of the date hereof, and agrees to be bound by, all of the terms, provisions and conditions applicable to the Borrowers contained in the Other Credit Documents. Without limiting the generality of the foregoing
terms of this paragraph 6, the Additional Borrower hereby jointly and severally together with the other Borrowers, guarantees to each Lender and the Administrative Agent, the prompt performance of the obligations and covenants under the Other Credit
Documents strictly in accordance with the terms thereof. 

  
 Exhibit B 

 7. The address of the Additional Borrower for purposes of all notices and other communications is
described on Schedule 10.02 of the Credit Agreement. 
 8. The following changes are hereby deemed made to the Schedules attached to the
Credit Agreement: (a) the Allocated Loan Amount for the Additional Borrower on Schedule 2.10 is $            , and (b) the Additional Borrower is added to Schedule 5.22. 

9. This Agreement may be executed in one or more counterparts, each of which shall constitute an original but all of which when taken together
shall constitute one contract. 
 10. This Agreement shall be governed by and construed and interpreted in accordance with the laws of the
State of Illinois, without regard to conflict of laws principles. 

  
 Exhibit B 

 IN WITNESS WHEREOF, the Additional Borrower has caused this Joinder Agreement to be duly executed
by its authorized officer, and the Administrative Agent, for the benefit of the Lenders, has caused the same to be accepted by its authorized officer, as of the day and year first above written. 

 

			
	 [INSERT NEW BORROWER]

		
	By:	 	  

	Name:	 	  

	Title:	 	  

	
	Acknowledged and accepted:
	
	 GENERAL ELECTRIC CAPITAL CORPORATION,

as Administrative Agent

		
	By:	 	  

	Name:	 	  

	Title:	 	  

  
 Exhibit B 

 Schedule 1 

TO FORM OF JOINDER AGREEMENT 

[Insert location information] 

  
 Exhibit B 

 Schedule 2 

TO FORM OF JOINDER AGREEMENT 

[Insert Types and Locations of Collateral] 

  
 Exhibit B 

 Schedule 3 

TO FORM OF JOINDER AGREEMENT 

[Insert Tradenames] 

  
 Exhibit B 

 Schedule 4 

TO FORM OF JOINDER AGREEMENT 

[Insert Capitalization Structure] 

  
 Exhibit B 

 Schedule 5 

TO FORM OF JOINDER AGREEMENT 

[Insert Commercial Tort Claims] 

  
 Exhibit B 

 EXHIBIT C 

to 
 CREDIT AGREEMENT

 FORM OF COMPLIANCE CERTIFICATE 

This Compliance Certificate is made by the undersigned pursuant to the requirements of Section 6.02(a) and/or Section 9.12 of that
certain Credit Agreement, dated as of December 17, 2014, among AVIV FINANCING VI, L.L.C., a Delaware limited liability company (“Parent Borrower”) and FINANCING VI HEALTHCARE PROPERTY, L.L.C., a Delaware
limited liability company (“Property Borrower”, and together with Parent Borrower, the “Borrowers” and each, individually, a “Borrower”), the Lenders signatory thereto, and
GENERAL ELECTRIC CAPITAL CORPORATION, as Administrative Agent for the Lenders (the “Administrative Agent”) (said Credit Agreement, as the same may be amended or supplemented from time to time, being herein referred to
as the “Credit Agreement”). All capitalized terms used herein but not defined shall have the same meanings given such terms in the Credit Agreement. 

I hereby certify, to the best of my knowledge and belief and in my representative capacity on behalf of the Borrowers and not in my individual
capacity, and without personal liability, to the Lenders and the Administrative Agent as follows: 
 1. I am a duly qualified and acting
Responsible Officer of the [Parent Borrower][REIT Party]. 
 2. The financial statements of Borrowers attached hereto as Schedule I
(the “Financial Statements”) present fairly in all material respects in accordance with GAAP (subject to the absence of footnote disclosure and normal year-end adjustments) the Consolidated financial position, results of
operations and statements of cash flows of the Borrowers, as at the dates indicated and for the periods indicated. 
 3. I have reviewed the
terms of the Credit Agreement, and I have made, or have caused to be made, under my supervision, a review in reasonable detail of the transactions and condition of the Borrowers during the period covered by the Financial Statements. Set forth on
Schedule II attached hereto are computations with respect to the Borrowers’ compliance (or non-compliance) as of the end of the period covered by the Financial Statements with each financial covenant contained in Section 6.11 of the
2014 Credit Agreement that is tested at least on a quarterly basis. 
 4. The reviews described in paragraph (3) above did not
disclose, and I have no other knowledge of, any condition or event which constitutes a Default or an Event of Default during or at the end of the period covered by the Financial Statements or as of the date of this Certificate, except as disclosed
on Schedule III attached hereto. If any Default or Event of Default is disclosed on Schedule III, such Schedule also describes the nature thereof and all efforts undertaken to cure such Default or Event of Default. 

 5. The representations and warranties of the Credit Parties contained in the Credit Agreement,
any other Credit Document or any other certificate or document furnished at any time under or in connection with the Credit Documents, are true and correct in all material respects on and as of the date hereof, except [(a)] to the extent that such
representations and warranties specifically refer to an earlier date, in which case they are true and correct as of such earlier date or [(b) as set forth on the Updated Schedules.] 

6. [Attached hereto as (i) Part 1 of Schedule IV is an updated version of Schedule 5.11 to the Credit Agreement;
(ii) Part 2 of Schedule IV is an updated version of Schedule 5.12 to the Credit Agreement; and (iii) Part 3 of Schedule IV is an updated version of Schedule 5.13 to the Credit Agreement; (Part 1, 2 and
3 of Schedule IV collectively, the “Updated Schedules”), along with a summary of changes made to such schedules since the previous delivery thereof.] 

[Use following paragraph 7 for Substitutions (Section 9.12(a)(ii)):] 

[7. Attached hereto as Schedule V, as required by Section 9.12(a)(ii) of the Credit Agreement are financial calculations
showing on a pro forma basis, (a) the Rent Yield after giving effect to the substitution is equal to or greater than the Rent Yield immediately prior to giving effect to such substitution, (b) the Lease Coverage Ratio after giving effect
to the substitution is equal to or greater than the Lease Coverage Ratio immediately prior to giving effect to such substitution and (c) the Loan to Value Ratio after giving effect to the substitution shall be equal to or less than the Loan to
Value Ratio immediately prior to such substitution.] 
 [Use following paragraph 7 for Releases (Section 9.12(b)(iii)(B)):] 

[7. Attached hereto as Schedule V, as required by Section 9.12(b)(iii)(B) of the Credit Agreement are financial calculations
showing on a pro forma basis, (1) the Rent Yield after giving effect to the release is equal to or greater than the Rent Yield immediately prior to giving effect to such release.] 

[Remainder of page intentionally blank; signature page follows] 

 IN WITNESS WHEREOF, the undersigned has executed this Compliance Certificate as of
            , 20     . 
  

			
	 By:
	 	  

	 Name:
	 	  

	 Title:
	 	  

 Schedules 
  

	I:	Financial Statements 

  

	II:	2014 Credit Agreement Financial Covenant Compliance 

  

	III:	Defaults or Events of Default 

  

	IV:	Updated Schedules 

  

	V:	Covenant Compaliance for Substitution/Release 

  
 EXHIBIT C 

 Exhibit D 

FORM OF NOTE 
 Loan No.
[            ] 
  

													
	$            	 		 		 		 		 		  	[            ], 2014

 FOR VALUE RECEIVED, AVIV FINANCING, VI, L.L.C., a Delaware limited liability company (the
“Parent Borrower”), Financing VI Healthcare Property, L.L.C., a Delaware limited liability company (the “Property Borrower”) (the Property Borrower, collectively with the Parent Borrower, the
“Borrower”), jointly and severally promise and agree to pay to the order of [                    ], a
[                    ] (the “Lender”), in lawful money of the United States of America, the principal sum of
[                    ] AND NO/100 DOLLARS ($            ) advanced by
the Lender to the Borrower under that certain Credit Agreement of even date herewith (as amended, restated, supplemented, or otherwise modified from time to time, the “Credit Agreement”) among Borrower, the financial institutions
from time to time party thereto (collectively, the “Lenders”), and General Electric Capital Corporation, a Delaware corporation, in its capacity as administrative agent on behalf of the Lenders (together with its successors and
assigns, the “Agent”), with interest on the unpaid principal sum owing thereunder at the rate or rates or in the amounts computed in accordance with the Credit Agreement, together with all other amounts due Lender under the Credit
Agreement, all payable in the manner and at the time or times provided in the Credit Agreement. Capitalized terms used herein, but not defined, shall have the meanings assigned to them in the Credit Agreement. 

If not sooner due and payable in accordance with the Credit Agreement, Borrower shall pay to Agent on behalf of the Lender all amounts due and
unpaid under the Credit Agreement on December 17, 2019, or on any earlier Maturity Date as set forth in the Credit Agreement. Unless otherwise specified in writing by Agent, all payments hereunder shall be paid to the order of Lender at the
office of Agent at the following address: [c/o GEMSA Loan Services, L.P., File 59229, Los Angeles, California 90074-9229]. Agent and Lender reserve the right to require any payment on this Term Loan Note (this “Note”),
whether such payment is a regular installment, prepayment or final payment, to be by wired federal funds or other immediately available funds. 

Borrower, and each of them, expressly waive demand and presentment for payment, notice of nonpayment, protest, notice of protest, notice of
dishonor, notice of intent to accelerate the maturity hereof, notice of the acceleration of the maturity hereof, bringing of suit and diligence in taking any action to collect amounts called for hereunder and in the handling of securities at any
time existing in connection herewith; such parties are and shall be jointly, severally, directly and primarily liable for the payment of all sums owing and to be owing hereon, regardless of and without any notice, diligence, act or omission as or
with respect to the collection of any amount called for hereunder or in connection with any right, lien, interest or property at any and all times had or existing as security for any amount called for hereunder. 

This Note evidences the Loan made, interest due and all amounts otherwise owed to Lender under the Credit Agreement. This Note is executed in
conjunction with the Credit Agreement and is secured by the liens and security interests created under the Loan Documents (including those arising under the Mortgage Instruments). Reference is made to the Credit Agreement for provisions relating to
repayment of the indebtedness evidenced by this Note, including mandatory repayment, acceleration following default, late charges, default rate of interest, Prepayment Premium, limitations on interest, and restrictions on prepayment. 

  
 Exhibit D 

 This Note has been executed and delivered in and shall be construed in accordance with and
governed by the laws of the State of Illinois and of the United States of America. 
 [REMAINDER OF THE PAGE INTENTIONALLY LEFT BLANK;
SIGNATURE PAGE FOLLOWS] 

  
 Exhibit D 

 EXECUTED as of the date first written above. 

 

			
	AVIV FINANCING VI, L.L.C., a Delaware limited liability company
		
	By:	 	  

	Name:	 	  

	Title:	 	  

	
	FINANCING VI HEALTHCARE PROPERTY, L.L.C., a Delaware limited liability company
		
	By:	 	  

	Name:	 	  

	Title:	 	  

  
 Exhibit D 

 Loan No. 07-0004582 

Exhibit E 
 FORM OF SECURITY
AND PLEDGE AGREEMENT 
 THIS SECURITY AGREEMENT (this “Agreement”) is entered into as of December 17, 2014 by and
among Aviv Financing VI, L.L.C., a Delaware limited liability company (“Parent Borrower”), Financing VI Healthcare Property, L.L.C., a Delaware limited liability company (“Property Borrower”; Parent Borrower,
Property Borrower and such other parties that may become Obligors hereunder after the date hereof, each an “Obligor”, and collectively the “Obligors”) and General Electric Capital Corporation, in its capacity as
administrative agent (in such capacity, the “Administrative Agent”) for the holders of the Secured Obligations (defined below). 

RECITALS 
 WHEREAS,
pursuant to that certain Credit Agreement dated as of December 17, 2014 (as amended, modified, extended, renewed or replaced from time to time, the “Credit Agreement”) among the Obligors, the financial institutions party
thereto (the “Lenders”) and the Administrative Agent, the Lenders have agreed to make a Loan upon the terms and subject to the conditions set forth therein; and 

WHEREAS, it is a condition precedent to the effectiveness of the Credit Agreement and the obligations of the Lenders to make the Loan under
the Credit Agreement that the Obligors shall have executed and delivered this Agreement to the Administrative Agent for the ratable benefit of the holders of the Secured Obligations. 

NOW, THEREFORE, in consideration of these premises and other good and valuable consideration, the receipt and sufficiency of which is hereby
acknowledged, the parties hereto agree as follows: 
 1. Definitions. 

(a) Unless otherwise defined herein, capitalized terms used herein shall have the meanings ascribed to such terms in the Credit
Agreement, and the following terms shall have the meanings set forth in the UCC (defined below): Accession, Account, Adverse Claim, As-Extracted Collateral, Chattel Paper, Commercial Tort Claim, Consumer Goods, Deposit Account, Document, Electronic
Chattel Paper, Equipment, Farm Products, Financial Asset, Fixtures, General Intangible, Goods, Instrument, Inventory, Investment Property, Letter-of-Credit Right, Manufactured Home, Proceeds, Securities Account, Security Entitlement, Security,
Software, Supporting Obligation and Tangible Chattel Paper. 
 (b) In addition, the following terms shall have the following
meanings: 
 “Collateral” has the meaning provided in Section 2 hereof. 

“Domestic Subsidiary” means any Subsidiary that is not a Foreign Subsidiary. 

“Foreign Subsidiary” means any Subsidiary that is organized under the laws of a jurisdiction other than the
United States of America or any State thereof or the District of Columbia. 

 “Termination Date” means the later of (i) the date upon
which the Commitments terminate or otherwise expire in accordance with the terms of the Credit Agreement and (ii) the date on which all Obligations (other than indemnification obligations and other contingent obligations for which no claim has
been asserted that survives the termination of the Credit Agreement or any other applicable Credit Document) are paid in full. 

“Pledged Equity” means, with respect to each Obligor, (i) 100% of the issued and outstanding Equity
Interests of each direct Domestic Subsidiary of such Obligor and (ii) 65% of the issued and outstanding Equity Interests of each direct Foreign Subsidiary of such Obligor (or such greater percentage that, due to a change in an applicable Law
after the date hereof, (A) could not reasonably be expected to cause the undistributed earnings of such Foreign Subsidiary as determined for United States federal income tax purposes to be treated as a deemed dividend to such Foreign
Subsidiary’s United States parent and (B) could not reasonably be expected to cause any material adverse tax consequences) of the issued and outstanding Equity Interests entitled to vote (within the meaning of Treas. Reg. Section 1.956-2(c)(2)) and all of the issued and outstanding Equity Interests not entitled to vote (within the meaning of Treas. Reg. Section 1.956-2(c)(2)) that are
directly owned by such Obligor, in each case together with the certificates (or other agreements or instruments), if any, representing such shares, and all options and other rights, contractual or otherwise, with respect thereto, including, but not
limited to, the following: 
 (1) all Equity Interests representing a dividend thereon, or representing a distribution or
return of capital upon or in respect thereof, or resulting from a stock split, revision, reclassification or other exchange therefor, and any subscriptions, warrants, rights or options issued to the holder thereof, or otherwise in respect thereof;

 (2) all distributions, cash, instruments and other property from time to time received, receivable or otherwise
distributed in respect of or in addition to, in substitution of, on account of or in exchange for any or all of the Pledged Equity; and 

(3) in the event of any consolidation or merger involving the issuer thereof and in which such issuer is not the surviving
Person, all shares of each class of the Equity Interests of the successor Person formed by or resulting from such consolidation or merger, to the extent that such successor Person is a direct Subsidiary of an Obligor. 

“Secured Obligations” means the collective reference to all of the Obligations, now existing or hereafter
arising pursuant to the Credit Documents, owing from the Borrowers or any other Credit Party to any Lender, the Administrative Agent or any Secured Swap Counterparty, howsoever evidenced, created, incurred or acquired, whether primary, secondary,
direct, contingent, or joint and several, including, without limitation, all liabilities arising under Secured Swap Contracts and all obligations and liabilities incurred in connection with collecting and enforcing the foregoing. 

“SNDAs” means (i) the subordination, non-disturbance and attornment agreements to which Tenants under the
Facility Operating Leases are parties and (ii) to the extent applicable, the subordination, non-disturbance and attornment provisions found in any Facility Operating Lease. 

“UCC” means the Uniform Commercial Code as in effect from time to time in the state of Illinois except as such
term may be used in connection with the perfection of the Collateral and then the applicable jurisdiction with respect to such affected Collateral shall apply. 

  
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 2. Grant of Security Interest in the Collateral. To secure the prompt payment and
performance in full when due, whether by lapse of time, acceleration, mandatory prepayment or otherwise, of the Secured Obligations, each Obligor hereby grants and pledges to the Administrative Agent, for the benefit of the holders of the Secured
Obligations, a continuing security interest in, and a right to set off against (subject to the terms and conditions of this Agreement and the other Credit Documents), any and all right, title and interest of such Obligor in the following, whether
now owned or existing or owned, acquired, or arising hereafter, including, without limitation, the following (collectively, the “Collateral”): 

(a) all Accounts; 
 (b) all cash
and currency; 
 (c) all Chattel Paper; 

(d) all Commercial Tort Claims identified on Schedule 2(d) attached hereto (as amended and supplemented from time to time); 

(e) all Deposit Accounts; 
 (f)
all Documents; 
 (g) all Equipment; 

(h) all Fixtures; 
 (i) all
General Intangibles; 
 (j) all Instruments; 

(k) all Inventory; 
 (l) all
Investment Property; 
 (m) all Letter-of-Credit Rights; 

(n) all Pledged Equity; 
 (o)
all Software; 
 (p) all Supporting Obligations; 

(q) all other personal property of such Obligor of whatever type or description; and 

(r) to the extent not otherwise included, all Accessions and all Proceeds of any and all of the foregoing. 

Any grant of a security interest and right of set off contained in this Section 2 shall not extend to any of the foregoing
Collateral to the extent that (i) such rights are not assignable or capable of being encumbered as a matter of law or under the terms of any agreement applicable thereto (but solely to the extent that any such restriction shall be enforceable
under applicable law), without the consent of the applicable parties thereto and (ii) such consent has not been obtained; provided, however, that the 

  
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foregoing grant of a security interest and right of set off shall extend to any and all proceeds of the foregoing to the extent that the assignment or encumbering of such proceeds is not so
restricted by applicable law or under the terms of such agreements applicable thereto. 
 The Obligors and the Administrative Agent, on
behalf of the holders of the Secured Obligations, hereby acknowledge and agree that the security interest created hereby in the Collateral constitutes continuing collateral security for all of the Secured Obligations, whether now existing or
hereafter arising. 
 The Obligors hereby authorize the Administrative Agent to prepare and file such financing statements (including
continuation statements) or amendments thereof or supplements thereto or other instruments as the Administrative Agent may from time to time deem necessary or appropriate in order to perfect and maintain the security interests granted hereunder in
accordance with the UCC (including authorization to describe the Collateral as “all personal property”, “all assets” or words of similar meaning). 

3. Provisions Relating to Accounts. 

(a) Anything herein to the contrary notwithstanding, each of the Obligors shall remain liable under each of the Accounts to
observe and perform all the conditions and obligations to be observed and performed by it thereunder, all in accordance with the terms of any agreement giving rise to each such Account or as required in the ordinary course of its business, as
applicable. Neither the Administrative Agent nor any Lender shall have any obligation or liability under any Account (or any agreement giving rise thereto) by reason of or arising out of this Agreement or the receipt by the Administrative Agent or
any Lender of any payment relating to such Account pursuant hereto, nor shall the Administrative Agent or any Lender be obligated in any manner to perform any of the obligations of an Obligor under or pursuant to any Account (or any agreement giving
rise thereto), to make any payment, to make any inquiry as to the nature or the sufficiency of any payment received by it or as to the sufficiency of any performance by any party under any Account (or any agreement giving rise thereto), to present
or file any claim, to take any action to enforce any performance or to collect the payment of any amounts which may have been assigned to it or to which it may be entitled at any time or times. 

(b) The Administrative Agent shall have the right (to the extent not inconsistent with the Credit Agreement), but not the
obligation, to make test verifications of the Accounts in any manner and through any medium that it reasonably considers advisable, and the Obligors shall furnish all such assistance and information as the Administrative Agent may reasonably require
in connection with such test verifications. The Obligors shall not be required to engage any third parties (including any auditors) to satisfy their obligations under the immediately preceding sentence. Upon the occurrence of an Event of Default and
during the continuation thereof, the Administrative Agent in its own name or in the name of others may communicate with account debtors on the Accounts to verify with them, to the Administrative Agent’s reasonable satisfaction, the existence,
amount and terms of any Accounts. 
 4. Representations and Warranties. Each Obligor hereby represents and warrants to the
Administrative Agent, for the benefit of the Lenders, that so long as any of the Secured Obligations remain outstanding: 

(a) Legal Name; Chief Executive Office. 

(i) Each Obligor’s exact legal name, state of incorporation or formation, principal place of business and chief executive
office as of the Closing Date are (and for the four (4) months prior to the date hereof has been) as set forth on Schedule 4(a)(i) attached hereto. 

  
 4 

 (ii) Other than as set forth on Schedule 4(a)(ii) attached hereto, no
Obligor has been party to a merger, consolidation or other change in structure or used any tradename in the four (4) months prior to the date hereof. 

(b) Ownership. Each Obligor is the legal and beneficial owner of its Collateral and has the right to pledge, sell,
assign or transfer the same. There exists no Adverse Claim with respect to the Pledged Equity owned by such Obligor. 
 (c)
Security Interest/Priority. This Agreement creates a valid security interest in favor of the Administrative Agent, for the benefit of the holders of the Secured Obligations, in the Collateral of such Obligor in respect of which a security
interest can be created under Article 9 of the UCC and, when properly perfected by filing, shall constitute a valid and perfected, first priority security interest in such Collateral (including all uncertificated Pledged Equity consisting of
partnership or limited liability company interests that do not constitute Securities), to the extent such security interest can be perfected by filing under the UCC, free and clear of all Liens except for Permitted Liens. The taking possession by
the Administrative Agent of the certificated securities (if any) evidencing the Pledged Equity and all other Instruments constituting Collateral will perfect and establish the first priority of the Administrative Agent’s security interest in
all the Pledged Equity evidenced by such certificated securities and such Instruments (so long as the Administrative Agent takes possession thereof without knowledge that its security interest therein violates the rights of another secured party).
With respect to any Collateral consisting of a Deposit Account, Security Entitlements or held in a Securities Account, upon execution and delivery by the applicable Obligor, the applicable Securities Intermediary and the Administrative Agent of an
agreement granting “control” (as defined in Section 8-106 or 9-104 of the UCC, as applicable) to the Administrative Agent over such Collateral, the Administrative Agent shall have a valid and perfected, first priority security
interest in such Collateral. Except as set forth in this section, no action is necessary to perfect or otherwise protect such security interest in the Pledged Equity. 

(d) Types of Collateral. None of the Collateral consists of, or is the Accessions or the Proceeds of, As-Extracted
Collateral, Consumer Goods, standing timber, Farm Products or Manufactured Homes. 
 (e) Accounts. (i) Each
Account of the Obligors and the papers and documents relating thereto are genuine and in all material respects what they purport to be, (ii) each Account arises out of (A) a bona fide sale of goods sold and delivered by such Obligor (or is
in the process of being delivered) or (B) services theretofore actually rendered by such Obligor to, the account debtor named therein, (iii) no Account of an Obligor is evidenced by any Instrument or Chattel Paper unless such Instrument or
Chattel Paper has been theretofore endorsed over and delivered to, or submitted to the control of, the Administrative Agent other than those having a value which does not exceed $50,000 individually or $150,000 in the aggregate, (iv) no surety
bond was required or given in connection with any Account of an Obligor or the contracts or purchase orders out of which they arose and (v) the right to receive payment under each Account is assignable. 

(f) Equipment and Inventory. With respect to any Equipment and/or Inventory of an Obligor, each such Obligor has
exclusive possession and control of such Equipment and Inventory of such Obligor except for (i) Equipment leased by such Obligor as a lessee, (ii) Equipment subject to a Facility Operating Lease or (iii) Equipment or Inventory in
transit with common carriers. No Inventory of an Obligor is held by a Person other than an Obligor pursuant to consignment, sale or return, sale on approval or similar arrangement. 

  
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 (g) Authorization of Pledged Equity. All Pledged Equity is duly authorized
and validly issued, is fully paid and, to the extent applicable, nonassessable and is not subject to the preemptive rights of any Person. 

(h) No Other Equity Interests, Instruments, Etc. As of the Closing Date, (i) no Obligor owns any Equity Interests
in any Subsidiary that are required to be pledged and/or delivered to the Administrative Agent hereunder except as set forth on Schedule 1(b) hereto, and (ii) no Obligor holds any Instruments, Documents or Tangible Chattel Paper required
to be pledged and delivered to the Administrative Agent pursuant to Section 5(c) of this Agreement other than as set forth on Schedule 4(h) hereto. All such certificated securities, Instruments, Documents and Tangible Chattel
Paper have been delivered to the Administrative Agent, other than those having a value which does not exceed $50,000 individually or $150,000 in the aggregate. As of the Closing Date, there are no certificates representing any interest in the
Pledged Equity. 
 (i) Partnership and Limited Liability Company Interests. None of the Pledged Equity consisting of
partnership or limited liability company interests (i) is dealt in or traded on a securities exchange or in a securities market, (ii) by its terms expressly provides that it is a Security governed by Article 8 of the UCC, (iii) is an
Investment Company Security, or (iv) is held in a Securities Account. 
 (j) Mergers, Etc. The Obligors have
provided information to the Administrative Agent of mergers, consolidations or other changes in structure of the Obligors or any tradenames used by the Obligors in the five years prior to the Closing Date. 

(k) Consents; Etc. There are no restrictions in any Organization Document governing any Pledged Equity or any other
document related thereto which would limit or restrict (i) the grant of a Lien pursuant to this Agreement on such Pledged Equity, (ii) the perfection of such Lien or (iii) the exercise of remedies in respect of such perfected Lien in
the Pledged Equity as contemplated by this Agreement other than those for which consents have already been obtained. Except for (i) the filing or recording of UCC financing statements, (ii) the filing of appropriate notices with the United
States Patent and Trademark Office and the United States Copyright Office, (iii) obtaining “control” (as defined in Section 8-106 or 9-104 of the UCC, as applicable) to perfect the Liens created by this Agreement (to the extent
required under Section 4(a) hereof), (iv) such actions as may be required by Laws affecting the offering and sale of securities, (v) such actions as may be required by applicable foreign Laws affecting the pledge of the Pledged
Equity of Foreign Subsidiaries, (vi) in the case of any portion of the “Collateral” consisting of an interest in a policy of insurance, such actions as may be required by applicable Law affecting the creation or perfection of a
security interest in such interest, and (vii) consents, authorizations, filings or other actions which have been obtained or made, no consent or authorization of, filing with, or other act by or in respect of, any arbitrator or Governmental
Authority and no consent of any other Person (including, without limitation, any stockholder, member or creditor of such Obligor), is required for (A) the grant by such Obligor of the security interest in the Collateral granted hereby or for
the execution, delivery or performance of this Agreement by such Obligor, (B) the perfection of such security interest (to the extent such security interest can be perfected by filing under the UCC, the granting of control (to the extent
required under Section 4(a) hereof) or by filing an appropriate notice with the United States Patent and Trademark Office or the United States Copyright Office) or (C) the exercise by the Administrative Agent or the holders of the
Secured Obligations of the rights and remedies provided for in this Agreement. 

  
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 (l) Commercial Tort Claims. As of the Closing Date, no Obligor has any
Commercial Tort Claims other than as set forth on Schedule 2(d) hereto. 
 5. Covenants. Each Obligor covenants that until the
Termination Date, so long as any of the Secured Obligations remain outstanding, each Obligor shall: 
 (a) Other
Liens. Defend the Collateral against the claims and demands of all other parties claiming an interest therein, keep the Collateral free from all Liens, except for Permitted Liens and Liens being contested in accordance with the terms of the
other Credit Documents, and not sell, exchange, transfer, assign, lease or otherwise dispose of the Collateral or any interest therein, except as permitted under the Credit Agreement or any other Credit Document. 

(b) Preservation of Collateral. Not use the Collateral in violation of the provisions of this Agreement or any other
agreement relating to the Collateral or any policy insuring the Collateral or any applicable statute, law, bylaw, rule, regulation or ordinance. 

(c) Instruments/Chattel Paper/Documents/Pledged Equity/Control. 

(i) If any amount payable under or in connection with any of the Collateral shall be or become evidenced by any Instrument or
Tangible Chattel Paper, or if any property constituting Collateral shall be stored or shipped subject to a Document, such Obligor shall ensure that such Instrument, Tangible Chattel Paper or Document is either in the possession of such Obligor at
all times or, if requested by the Administrative Agent, is promptly delivered to the Administrative Agent duly endorsed in a manner satisfactory to the Administrative Agent. Such Obligor shall ensure that any Collateral consisting of Tangible
Chattel Paper is marked with a legend acceptable to the Administrative Agent indicating the Administrative Agent’s security interest in such Tangible Chattel Paper. 

(ii) Deliver to the Administrative Agent promptly upon the receipt thereof by or on behalf of an Obligor, all certificates and
instruments constituting Pledged Equity (if any). Prior to delivery to the Administrative Agent, all such certificates constituting Pledged Equity shall be held in trust by such Obligor for the benefit of the Administrative Agent pursuant hereto.
All such certificates representing Pledged Equity shall be delivered in suitable form for transfer by delivery or shall be accompanied by duly executed instruments of transfer or assignment in blank, substantially in the form provided in
Exhibit 4(a)(ii) hereto. 
 (iii) Execute and deliver all agreements, assignments, instruments or other documents
as reasonably requested by the Administrative Agent for the purpose of obtaining and maintaining control with respect to any Collateral consisting of (A) Investment Property, (B) Letter-of-Credit Rights and (C) Electronic Chattel
Paper. 
 (iv) Upon the request of the Administrative Agent, execute and deliver all agreements, assignments, instruments or
other documents as reasonably requested by the Administrative Agent for the purpose of obtaining and maintaining control with respect to any Collateral consisting of Deposit Accounts. 

(d) Change in Structure, Location or Type. Not, without providing at least twenty (20) days prior written notice to
the Administrative Agent and without authorizing the filing of such financing statements and amendments to any previously filed financing statements as the Administrative Agent may require, change its name or state of formation or be party to a
merger, consolidation or other change in structure. 

  
 7 

 (e) Authorization. Authorize the Administrative Agent to prepare and file
such financing statements (including renewal statements), amendments and supplements or such other instruments as the Administrative Agent may from time to time reasonably deem necessary, appropriate or convenient in order to perfect and maintain
the security interests granted hereunder in accordance with the UCC. Each Obligor agrees that any financing statement filed by the Administrative Agent may contain a general description of the collateral covered thereby, as permitted by the UCC,
which states that the security interest attaches to all personal property of such Obligor granted under this Security Agreement. 

(f) Filing of Financing Statements, Notices, etc. Execute and deliver to the Administrative Agent such agreements,
assignments or instruments (including affidavits, notices, reaffirmations and amendments and restatements of existing documents, as the Administrative Agent may reasonably request) and do all such other things as the Administrative Agent may
reasonably deem necessary or appropriate (i) to assure to the Administrative Agent its security interests hereunder, including such financing statements (including continuation statements) or amendments thereof or supplements thereto or other
instruments as the Administrative Agent may from time to time reasonably request in order to perfect and maintain the security interests granted hereunder in accordance with the UCC, (ii) to consummate the transactions contemplated hereby and
(iii) to otherwise protect and assure the Administrative Agent of its rights and interests hereunder. Furthermore, each Obligor also hereby irrevocably makes, constitutes and appoints the Administrative Agent, its nominee or any other person
whom the Administrative Agent may designate, as such Obligor’s attorney in fact with full power and for the limited purpose to sign in the name of such Obligor any financing statements, or amendments and supplements to financing statements,
renewal financing statements, notices or any similar documents which in the Administrative Agent’s reasonable discretion would be necessary or appropriate in order to perfect and maintain perfection of the security interests granted hereunder,
such power, being coupled with an interest, being and remaining irrevocable until such time as the Secured Obligations arising under the Credit Documents have been paid in full and the Commitments have expired or been terminated. Each Obligor hereby
agrees that a carbon, photographic or other reproduction of this Agreement or any such financing statement is sufficient for filing as a financing statement by the Administrative Agent without notice thereof to such Obligor wherever the
Administrative Agent may in its sole discretion desire to file the same. In the event for any reason the law of any jurisdiction other than Illinois becomes or is applicable to the Collateral of any Obligor or any part thereof, or to any of the
Secured Obligations, such Obligor agrees to execute and deliver all such instruments and to do all such other things as the Administrative Agent in its sole discretion reasonably deems necessary or appropriate to preserve, protect and enforce the
security interests of the Administrative Agent under the law of such other jurisdiction (and, if an Obligor shall fail to do so promptly upon the request of the Administrative Agent, then the Administrative Agent may execute any and all such
requested documents on behalf of such Obligor pursuant to the power of attorney granted hereinabove). If any Collateral is in the possession or control of an Obligor’s agents and the Administrative Agent requests, such Obligor agrees to notify
such agents in writing of the Administrative Agent’s security interest therein and, upon the Administrative Agent’s request, instruct them to hold all such Collateral for the Administrative Agents’ account and subject to the
Administrative Agent’s instructions. Unless an Event of Default has occurred and is continuing, the Administrative Agent shall not give any instructions to any of the Obligor’s agents pursuant to the immediately preceding sentence. 

  
 8 

 (g) Collateral Held by Warehouseman, Bailee, etc. If any Collateral is at
any time in the possession or control of a warehouseman, bailee or any agent or processor of such Obligor and the Administrative Agent so requests (i) notify such Person in writing of the Administrative Agent’s security interest therein,
(ii) instruct such Person to hold all such Collateral for the Administrative Agent’s account and subject to the Administrative Agent’s instructions and (iii) use reasonable best efforts to obtain a written acknowledgment from
such Person that it is holding such Collateral for the benefit of the Administrative Agent. 
 (h) Treatment of
Accounts. Not grant or extend the time for payment of any Account, or compromise or settle any Account for less than the full amount thereof, or release any person or property, in whole or in part, from payment thereof, or allow any credit or
discount thereon, other than as (i) normal and customary in the ordinary course of an Obligor’s business or as provided for in the Credit Agreement or (ii) could not reasonably be expected to have a Material Adverse Effect. 

(i) Insurance. Insure (or cause the related Tenants to insure), repair and replace the Collateral of such Obligor in
accordance with the terms and conditions of the Credit Agreement. All insurance proceeds from insurance with respect to the Collateral shall be subject to the security interest of the Administrative Agent hereunder. 

(j) Commercial Tort Claims. (i) Promptly forward to the Administrative Agent an updated Schedule 2(d)
listing any and all Commercial Tort Claims by or in favor of such Obligor and (ii) execute and deliver such statements, documents and notices and do and cause to be done all such things as may be reasonably required by the Administrative
Agent, or required by Law to create, preserve, perfect and maintain the Administrative Agent’s security interest in any Commercial Tort Claims initiated by or in favor of any Obligor. 

(k) Books and Records. Mark its books and records (and shall cause the issuer of the Pledged Equity of such Obligor to
mark its books and records) to reflect the security interest granted pursuant to this Agreement. 
 (l) Nature of
Collateral. At all times maintain the Collateral as personal property and not affix any of the Collateral to any real property in a manner which would change its nature from personal property to real property or a Fixture to real property,
unless the Administrative Agent shall have a perfected Lien on such Fixture or real property. 
 (m) Issuance or
Acquisition of Equity Interests. Not, without executing and delivering, or causing to be executed and delivered, to the Administrative Agent such agreements, documents and instruments as the Administrative Agent may reasonably require, issue or
acquire any Pledged Equity consisting of an interest in a partnership or a limited liability company that (i) is dealt in or traded on a securities exchange or in a securities market, (ii) by its terms expressly provides that it is a
Security governed by Article 8 of the UCC, (iii) is an investment company security, (iv) is held in a Securities Account or (v) constitutes a Security or a Financial Asset. Such agreements, documents and instruments shall, without
limitation, include all agreements reasonably required to establish the Administrative Agent’s control over the Pledged Equity in accordance with Sections 8-106 and 9-314 of the UCC. 

(n) No Certificated Pledged Equity. Not create any certificate representing any interest in the Pledged Equity. 

  
 9 

 6. Advances. If any Event of Default has occurred and is continuing, the Administrative
Agent may, at its sole option and in its sole discretion, perform the same or cause the performance of the same and in so doing may expend such sums as the Administrative Agent may reasonably deem advisable in the performance thereof, including,
without limitation, the payment of any insurance premiums, the payment of any taxes, a payment to obtain a release of a Lien or potential Lien (other than Permitted Liens and otherwise in accordance with the provisions of the other Credit
Documents), expenditures made in defending against any adverse claim and all other expenditures which the Administrative Agent may make for the protection of the security hereof or which may be compelled to make by operation of law. All such sums
and amounts so expended shall be repayable by the Obligors on a joint and several basis promptly upon timely notice thereof and demand therefor, shall constitute additional Secured Obligations and shall bear interest from the date said amounts are
expended at the Default Rate. No such performance of any covenant or agreement by the Administrative Agent on behalf of any Obligor, and no such advance or expenditure therefor, shall relieve the Obligors of any Default or Event of Default. The
Administrative Agent may make any payment hereby authorized in accordance with any bill, statement or estimate procured from the appropriate public office or holder of the claim to be discharged without inquiry into the accuracy of such bill,
statement or estimate or into the validity of any tax assessment, sale, forfeiture, tax lien, title or claim (a) except to the extent such payment is being contested in good faith by an Obligor in appropriate proceedings and against which
adequate reserves are being maintained in accordance with GAAP and (b) in accordance with the provisions of the other Credit Documents. 

7. Events of Default. The occurrence and continuation of an event which under the Credit Agreement would constitute an Event of Default
shall be an Event of Default hereunder (an “Event of Default”). 
 8. Remedies. 

(a) General Remedies. If an Event of Default has occurred and is continuing, the Administrative Agent shall have, in
addition to the rights and remedies provided herein and in the Credit Documents, including in any Secured Swap Contract or by law (including, but not limited to, levy of attachment, garnishment and the rights and remedies set forth in the UCC of the
jurisdiction applicable to the affected Collateral), the rights and remedies of a secured party under the UCC (regardless of whether the UCC is the law of the jurisdiction where the rights and remedies are asserted and regardless of whether the UCC
applies to the affected Collateral). Further, the Administrative Agent may, with or without judicial process or the aid and assistance of others, subject to the applicable rights of the Tenants under the Facility Operating Leases and the SNDAs, if
an Event of Default has occurred and is continuing, and upon either acceleration of the Secured Obligations pursuant to the terms and conditions of the Credit Documents or the maturity of the Secured Obligations and the Obligors’ failure to pay
the Secured Obligations, (i) enter on any premises on which any of the Collateral may be located and, without resistance or interference by the Obligors, take possession of the Collateral, (ii) dispose of any Collateral on any such
premises, (iii) require the Obligors to assemble and make available to the Administrative Agent at the expense of the Obligors any Collateral at any place and time designated by the Administrative Agent which is reasonably convenient to both
parties, (iv) remove any Collateral from any such premises for the purpose of effecting sale or other disposition thereof, and/or (v) without demand and without advertisement, notice, hearing or process of law, all of which each of the
Obligors hereby waives to the fullest extent permitted by Law, at any place and time or times, sell and deliver any or all Collateral held by or for it at public or private sale (which in the case of a private sale of Pledged Equity, shall be to a
restricted group of purchasers who will be obligated to agree, among other things, to acquire such securities for their own account, for investment and not with a view to the distribution or resale thereof), at any exchange or broker’s board or
elsewhere, by one or more contracts, in one or more parcels, for Money, upon credit or otherwise, at such prices and upon such 

  
 10 

 
terms as the Administrative Agent deems advisable, in its sole discretion (subject to any and all mandatory legal requirements). Each Obligor acknowledges that any such private sale may be at
prices and on terms less favorable to the seller than the prices and other terms which might have been obtained at a public sale and, notwithstanding the foregoing, agrees that such private sale shall be deemed to have been made in a commercially
reasonable manner and, in the case of a sale of Pledged Equity, that the Administrative Agent shall have no obligation to delay sale of any such securities for the period of time necessary to permit the issuer of such securities to register such
securities for public sale under the Securities Act of 1933. Neither the Administrative Agent’s compliance with applicable Law nor its disclaimer of warranties relating to the Collateral shall be considered to adversely affect the commercial
reasonableness of any sale. To the extent the rights of notice cannot be legally waived hereunder, each Obligor agrees that any requirement of reasonable notice shall be met if such notice, specifying the place of any public sale or the time after
which any private sale is to be made, is personally served on or mailed, postage prepaid, to the Borrower in accordance with the notice provisions of Section 10.02 of the Credit Agreement at least 10 days before the time of sale or other
event giving rise to the requirement of such notice. The Administrative Agent may adjourn any public or private sale from time to time by announcement at the time and place fixed therefor, and such sale may, without further notice, be made at the
time and place to which it was so adjourned. Each Obligor further acknowledges and agrees that any offer to sell any Pledged Equity which has been (i) publicly advertised on a bona fide basis in a newspaper or other publication of general
circulation in the financial community of Chicago, Illinois (to the extent that such offer may be advertised without prior registration under the Securities Act of 1933), or (ii) made privately in the manner described above shall be deemed to
involve a “public sale” under the UCC, notwithstanding that such sale may not constitute a “public offering” under the Securities Act of 1933, and the Administrative Agent may, in such event, bid for the purchase of such
securities. The Administrative Agent shall not be obligated to make any sale or other disposition of the Collateral regardless of notice having been given. To the extent permitted by applicable Law, any holder of Secured Obligations may be a
purchaser at any such sale. To the extent permitted by applicable Law, each of the Obligors hereby waives all of its rights of redemption with respect to any such sale. Subject to the provisions of applicable Law, the Administrative Agent may
postpone or cause the postponement of the sale of all or any portion of the Collateral by announcement at the time and place of such sale, and such sale may, without further notice, to the extent permitted by Law, be made at the time and place to
which the sale was postponed, or the Administrative Agent may further postpone such sale by announcement made at such time and place. In addition to all other sums due the Administrative Agent and the other holders of the Secured Obligations, the
Obligors shall pay the Administrative Agent and each other holder of the Secured Obligations upon demand all reasonable and documented costs and expenses incurred by the Administrative Agent or such other holders of the Secured Obligations,
including, but not limited to, Attorney Costs and court costs, in obtaining or liquidating the Collateral, in enforcing payment of the Secured Obligations, or in the prosecution or defense of any action or proceeding by or against the Administrative
Agent or other holders of the Secured Obligations or the Obligors concerning any matter arising out of or connected with this Agreement, any Collateral or the Secured Obligations, including, without limitation, any of the foregoing arising in,
arising under or related to a case under the Debtor Relief Law. 
 (b) Remedies Relating to Accounts. If an Event of
Default has occurred and is continuing, whether or not the Administrative Agent has exercised any or all of its rights and remedies hereunder, (i) each Obligor will promptly upon request of the Administrative Agent instruct all account debtors
to remit all payments in respect of Accounts to a mailing location selected by the Administrative Agent and (ii) the Administrative Agent or its designee shall have the right to enforce any Obligor’s rights against its customers and
account debtors and may notify any Obligor’s customers and account debtors that the Accounts of such Obligor have been assigned to the 

  
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Administrative Agent or of the Administrative Agent’s security interest therein, and may (either in its own name or in the name of an Obligor or both) demand, collect (including without
limitation by way of a lockbox arrangement), receive, take receipt for, sell, sue for, compound, settle, compromise and give acquittance for any and all amounts due or to become due on any Account, and, in the Administrative Agent’s discretion,
file any claim or take any other action or proceeding to protect and realize upon the security interest of the holders of the Secured Obligations in the Accounts. Each Obligor acknowledges and agrees that the Proceeds of its Accounts remitted to or
on behalf of the Administrative Agent in accordance with the provisions hereof shall be solely for the Administrative Agent’s own convenience and that such Obligor shall not have any right, title or interest in such Accounts or in any such
other amounts except as expressly provided herein. Neither the Administrative Agent nor the holders of the Secured Obligations shall have any liability or responsibility to any Obligor for acceptance of a check, draft or other order for payment of
money bearing the legend “payment in full” or words of similar import or any other restrictive legend or endorsement or be responsible for determining the correctness of any remittance. Each Obligor hereby agrees to indemnify the
Administrative Agent and the Lenders from and against all liabilities, damages, losses, actions, claims, judgments, costs, expenses, charges and reasonable attorneys’ fees suffered or incurred by the Administrative Agent or the Lenders (each,
an “Indemnified Party”) because of the maintenance of the foregoing arrangements except as relating to or arising out of the gross negligence or willful misconduct of an Indemnified Party or its officers, employees or agents. In the
case of any investigation, litigation or other proceeding, the foregoing indemnity shall be effective whether or not such investigation, litigation or proceeding is brought by an Obligor, its directors, shareholders or creditors or an Indemnified
Party or any other Person or any other Indemnified Party is otherwise a party thereto. 
 (c) Access. In addition to
the rights and remedies hereunder, if an Event of Default has occurred and is continuing, subject to the rights of the Tenants under the Facility Operating Leases and the SNDAs, (i) the Administrative Agent shall have the right to enter and
remain upon the various premises of the Obligors without cost or charge to the Administrative Agent, and use the same, together with materials, supplies, books and records of the Obligors for the purpose of collecting and liquidating the Collateral,
or for preparing for sale and conducting the sale of the Collateral, whether by foreclosure, auction or otherwise; and (ii) in addition, the Administrative Agent may remove Collateral, or any part thereof, from such premises and/or any records
with respect thereto, in order to effectively collect or liquidate such Collateral. 
 (d) Nonexclusive Nature of
Remedies. Failure by the Administrative Agent or the holders of the Secured Obligations to exercise any right, remedy or option under this Agreement, any other Credit Document including any Secured Swap Contract or as provided by law, or any
delay by the Administrative Agent or the holders of the Secured Obligations in exercising the same, shall not operate as a waiver of any such right, remedy or option. No waiver hereunder shall be effective unless it is in writing, signed by the
party against whom such waiver is sought to be enforced and then only to the extent specifically stated, which in the case of the Administrative Agent or the holders of the Secured Obligations shall only be granted as provided herein. To the extent
permitted by law, neither the Administrative Agent, the holders of the Secured Obligations, nor any party acting as attorney for the Administrative Agent or the holders of the Secured Obligations, shall be liable hereunder for any acts or omissions
or for any error of judgment or mistake of fact or law other than their gross negligence or willful misconduct hereunder. The rights and remedies of the Administrative Agent and the holders of the Secured Obligations under this Agreement shall be
cumulative and not exclusive of any other right or remedy which the Administrative Agent or the holders of the Secured Obligations may have. 

  
 12 

 (e) Retention of Collateral. The Administrative Agent may, after providing
the notices required by Sections 9-620 and 9-621 of the UCC or otherwise complying with the requirements of applicable law of the relevant jurisdiction, accept or retain all or any portion of the Collateral in satisfaction of the Secured
Obligations. Unless and until the Administrative Agent shall have provided such notices, however, the Administrative Agent shall not be deemed to have accepted or retained any Collateral in satisfaction of any Secured Obligations for any reason.

 (f) Deficiency. In the event that the proceeds of any sale, collection or realization are insufficient to pay all
amounts to which the Administrative Agent or the holders of the Secured Obligations are legally entitled, the Obligors shall be jointly and severally liable for the deficiency, together with interest thereon at the Default Rate, together with the
costs of collection and the fees, charges and disbursements of counsel. Any surplus remaining after the full payment and satisfaction of the Secured Obligations shall be returned to the Obligors or to whomsoever a court of competent jurisdiction
shall determine to be entitled thereto. 
 (g) Tenants/SNDAs. Notwithstanding anything herein to the contrary, the
rights of the Administrative Agent and all other holders of the Secured Obligations in the Collateral shall be subject to the rights of the Tenants under the Facility Operating Leases and the SNDAs. Notwithstanding the foregoing, if an Event of
Default has occurred and is continuing, whether or not the Administrative Agent has exercised any or all of its rights and remedies hereunder, each Obligor will promptly upon request of the Administrative Agent instruct each Tenant under each
Facility Operating Lease to remit all payments due such Obligor in respect of such Facility Operating Lease to the Administrative Agent instead of to such Obligor and in the extent such Obligor fails to so instruct such Tenants hereby authorize
Administrative Agent on behalf of such Obligor to instruct such Tenant accordingly. Obligors hereby authorize and direct such Tenants to comply with such instructions made by or on behalf of Obligors in accordance with this Agreement. 

9. Rights of the Administrative Agent. 

(a) Power of Attorney. In addition to other powers of attorney contained herein, each Obligor hereby designates and
appoints the Administrative Agent, on behalf of the holders of the Secured Obligations, and each of its designees or agents, as attorney-in-fact of such Obligor, irrevocably and with power of substitution, with authority to take any or all of the
following actions with respect to the Collateral if an Event of Default has occurred and is continuing, and upon either acceleration of the Secured Obligations pursuant to the terms and conditions of the Credit Documents or the maturity of the
Secured Obligations and the Obligors’ failure to pay the Secured Obligations: 
 (i) to demand, collect, settle,
compromise, adjust, give discharges and releases, all as the Administrative Agent may reasonably determine; 
 (ii) to
commence and prosecute any actions at any court for the purposes of collecting any Collateral and enforcing any other right in respect thereof; 

(iii) to defend, settle or compromise any action brought and, in connection therewith, give such discharge or release as the
Administrative Agent may deem reasonably appropriate; 
 (iv) to receive, open and dispose of mail addressed to an Obligor
and endorse checks, notes, drafts, acceptances, money orders, bills of lading, warehouse receipts or other instruments or documents evidencing payment, shipment or storage of the goods giving rise to the Collateral of such Obligor on behalf of and
in the name of such Obligor, or securing, or relating to such Collateral; 

  
 13 

 (v) to sell, assign, transfer, make any agreement in respect of, or otherwise
deal with or exercise rights in respect of, any Collateral or the goods or services which have given rise thereto, as fully and completely as though the Administrative Agent were the absolute owner thereof for all purposes; 

(vi) to adjust and settle claims under any insurance policy relating thereto; 

(vii) to execute and deliver all assignments, conveyances, statements, financing statements, renewal financing statements,
security agreements, affidavits, notices and other agreements, instruments and documents that the Administrative Agent may determine necessary in order to perfect and maintain the security interests and liens granted in this Agreement and in order
to fully consummate all of the transactions contemplated therein; 
 (viii) to institute any foreclosure proceedings that the
Administrative Agent may deem appropriate; 
 (ix) to sign and endorse any drafts, assignments, proxies, stock powers,
verifications, notices and other documents relating to the Collateral; 
 (x) to exchange any of the Pledged Equity or other
property upon any merger, consolidation, reorganization, recapitalization or other readjustment of the issuer thereof and, in connection therewith, deposit any of the Pledged Equity with any committee, depository, transfer agent, registrar or other
designated agency upon such terms as the Administrative Agent may reasonably deem appropriate; 
 (xi) to vote for a
shareholder resolution, or to sign an instrument in writing, sanctioning the transfer of any or all of the Pledged Equity into the name of the Administrative Agent or one or more of the holders of the Secured Obligations or into the name of any
transferee to whom the Pledged Equity or any part thereof may be sold pursuant to Section 7 hereof; 
 (xii) to
pay or discharge taxes, liens, security interests or other encumbrances levied or placed on or threatened against the Collateral unless such taxes, liens, security interests or other encumbrances are being contested by the related Obligor in good
faith by appropriate proceedings diligently conducted; 
 (xiii) to direct any parties liable for any payment in connection
with any of the Collateral to make payment of any and all monies due and to become due thereunder directly to the Administrative Agent or as the Administrative Agent shall direct; 

(xiv) to receive payment of and receipt for any and all monies, claims, and other amounts due and to become due at any time in
respect of or arising out of any Collateral; and 
 (xv) do and perform all such other acts and things as the Administrative
Agent may reasonably deem to be necessary, proper or convenient in connection with the Collateral. 

  
 14 

 This power of attorney is a power coupled with an interest and shall be irrevocable until the
Termination Date. The Administrative Agent shall be under no duty to exercise or withhold the exercise of any of the rights, powers, privileges and options expressly or implicitly granted to the Administrative Agent in this Agreement, and shall not
be liable for any failure to do so or any delay in doing so. The Administrative Agent shall not be liable for any act or omission or for any error of judgment or any mistake of fact or law in its individual capacity or its capacity as
attorney-in-fact except acts or omissions resulting from its gross negligence or willful misconduct. This power of attorney is conferred on the Administrative Agent solely to protect, preserve and realize upon its security interest in the
Collateral. This power of attorney is subject to the applicable rights of the Tenants under the Facility Operating Leases and the SNDA’s. 

(b) Assignment by the Administrative Agent. In connection with the resignation or replacement of the Administrative
Agent and subject to the terms of the Credit Agreement, the Administrative Agent may from time to time assign the Secured Obligations and any portion thereof and/or the Collateral and any portion thereof, and the assignee shall be entitled to all of
the rights and remedies of the Administrative Agent under this Agreement in relation thereto. 
 (c) The Administrative
Agent’s Duty of Care. Other than the exercise of reasonable care to assure the safe custody of the Collateral while being held by the Administrative Agent hereunder, the Administrative Agent shall have no duty or liability to preserve
rights pertaining thereto, it being understood and agreed that the Obligors shall be responsible for preservation of all rights in the Collateral, and the Administrative Agent shall be relieved of all responsibility for the Collateral upon
surrendering it or tendering the surrender of it to the Obligors. The Administrative Agent shall be deemed to have exercised reasonable care in the custody and preservation of the Collateral in its possession if the Collateral is accorded treatment
substantially equal to that which the Administrative Agent accords its own property, which shall be no less than the treatment employed by a reasonable and prudent agent in the industry, it being understood that the Administrative Agent shall not
have responsibility for taking any necessary steps to preserve rights against any parties with respect to any of the Collateral. In the event of a public or private sale of Collateral pursuant to Section 7 hereof, the Administrative
Agent shall have no responsibility for (i) ascertaining or taking action with respect to calls, conversions, exchanges, maturities, tenders or other matters relating to any Collateral, whether or not the Administrative Agent has or is deemed to
have knowledge of such matters, or (ii) taking any steps to clean, repair or otherwise prepare the Collateral for sale. 

(d) Voting and Payment Rights in Respect of the Pledged Equity. 

(i) So long as no Event of Default shall exist, each Obligor may (A) exercise any and all voting and other consensual
rights pertaining to the Pledged Equity of such Obligor or any part thereof for any purpose not inconsistent with the terms of this Agreement or the Credit Agreement and (B) receive and retain any and all dividends (other than stock dividends
and other dividends constituting Collateral which are addressed hereinabove), principal or interest paid in respect of the Pledged Equity to the extent they are allowed under the Credit Agreement; and 

(ii) During the continuance of an Event of Default, (A) all rights of an Obligor to exercise the voting and other
consensual rights which it would otherwise be entitled to exercise pursuant to clause (i)(A) above shall cease and all such rights shall thereupon become vested in the Administrative Agent which shall then have the sole right to exercise such voting
and other consensual rights, (B) all rights of an Obligor to receive the dividends, principal and interest payments which it would otherwise be authorized to receive and retain pursuant to clause (i)(B) above shall cease and all such

  
 15 

 
rights shall thereupon be vested in the Administrative Agent which shall then have the sole right to receive and hold as Collateral such dividends, principal and interest payments to the extent
the Administrative Agent is permitted to retain such amounts under the Credit Agreement, including Section 6.11(f) thereof, and (C) all dividends, principal and interest payments which are received by an Obligor contrary to the
provisions of clause (ii)(B) above shall be received in trust for the benefit of the Administrative Agent, shall be segregated from other property or funds of such Obligor, and shall be forthwith paid over to the Administrative Agent as Collateral
in the exact form received, to be held by the Administrative Agent as Collateral and as further collateral security for the Secured Obligations. 

(e) Releases of Collateral. (i) If any Collateral shall be sold, transferred or otherwise disposed of by any
Obligor in a transaction permitted by the Credit Agreement, then the Administrative Agent, at the request and sole expense of such Obligor, shall promptly execute and deliver to such Obligor all releases and other documents, and take such other
action, reasonably necessary for the release of the Liens created hereby or by any other Collateral Document on such Collateral. (ii) The Administrative Agent may release any of the Pledged Equity from this Agreement or may substitute any of
the Pledged Equity for other Pledged Equity without altering, varying or diminishing in any way the force, effect, lien, pledge or security interest of this Agreement as to any Pledged Equity not expressly released or substituted, and this Agreement
shall continue as a first priority lien on all Pledged Equity not expressly released or substituted. (iii) Notwithstanding anything to the contrary contained in this Agreement or in any other Credit Document, so long as no Event of Default
exists, the Administrative Agent shall promptly pay (or cause to be paid) to the applicable Obligor all insurance proceeds and condemnation awards relating to any Collateral that the Administrative Agent is not otherwise entitled to retain under the
terms of Sections 6.21 and 6.22 of the Credit Agreement. 
 10. Application of Proceeds. Upon the acceleration of the
Obligations pursuant to Section 8.02 of the Credit Agreement, any payments in respect of the Secured Obligations and any proceeds of the Collateral, when received by the Administrative Agent or any holder of the Secured Obligations in
cash or its equivalent, will be applied in reduction of the Secured Obligations in the order set forth in Section 8.03 of the Credit Agreement, and each Obligor irrevocably waives the right to direct the application of such payments and
proceeds and acknowledges and agrees that the Administrative Agent shall have the continuing and exclusive right to apply and reapply any and all such payments and proceeds in the Administrative Agent’s sole discretion (but subject to
Section 8.03 of the Credit Agreement), notwithstanding any entry to the contrary upon any of its books and records. 
 11.
Costs of Counsel. If at any time hereafter, whether upon the occurrence of an Event of Default or not, the Administrative Agent employs counsel to prepare or consider reasonably necessary amendments, waivers or consents with respect to this
Agreement, or to take action or make a response in or with respect to any legal or arbitral proceeding relating to this Agreement or relating to the Collateral, or to protect the Collateral or exercise any rights or remedies under this Agreement or
with respect to the Collateral, then the Obligors agree to pay within twenty (20) Business Days after a reasonably detailed written invoice therefor is received by the Obligors (or upon demand if there is then a continuing Event of Default) any
and all such reasonable and documented costs and out-of-pocket expenses of the Administrative Agent, all of which costs and expenses shall constitute Secured Obligations hereunder. 

12. Continuing Agreement. 

(a) This Agreement shall be a continuing agreement in every respect and shall remain in full force and effect until the
Termination Date. Upon such payment and termination, this 

  
 16 

 
Agreement shall be automatically terminated and the Administrative Agent on behalf of the holders of the Secured Obligations shall, upon the request and at the expense of the Obligors, forthwith
release all of its liens and security interests hereunder and shall execute and deliver all UCC termination statements and/or other documents reasonably requested by the Obligors evidencing such termination. Notwithstanding the foregoing all
releases and indemnities provided hereunder shall survive termination of this Agreement. 
 (b) This Agreement shall continue
to be effective or be automatically reinstated, as the case may be, if at any time payment, in whole or in part, of any of the Secured Obligations is rescinded or must otherwise be restored or returned by the Administrative Agent or any holder of
the Secured Obligations as a preference, fraudulent conveyance or otherwise under any bankruptcy, insolvency or similar law, all as though such payment had not been made; provided that in the event payment of all or any part of the Secured
Obligations is rescinded or must be restored or returned, all reasonable costs and expenses (including without limitation any reasonable legal fees and disbursements) incurred by the Administrative Agent or any holder of the Secured Obligations in
defending and enforcing such reinstatement shall be deemed to be included as a part of the Secured Obligations. 
 13. Amendments;
Waivers; Modifications. This Agreement and the provisions hereof may not be amended, waived, modified, changed, discharged or terminated except as set forth in Section 10.01 of the Credit Agreement; provided that any update or
revision to Schedule 2(d) hereof delivered by any Obligor shall not constitute an amendment for purposes of this Section 13 or Section 10.01 of the Credit Agreement. 

14. Successors in Interest. This Agreement shall create a continuing security interest in the Collateral and shall be binding upon each
Obligor, its successors and assigns and shall inure, together with the rights and remedies of the Administrative Agent and the holders of the Secured Obligations hereunder, to the benefit of the Administrative Agent and the holders of the Secured
Obligations and their successors and permitted assigns; provided, however, that none of the Obligors may assign its rights or delegate its duties hereunder except as permitted by the terms of the Credit Agreement. To the fullest extent
permitted by law, each Obligor hereby releases the Administrative Agent and each Lender, and its successors and assigns, from any liability for any act or omission by such party pursuant to this Agreement or the Collateral, except for any liability
arising from the gross negligence or willful misconduct of the Administrative Agent or such Lender. 
 15. Notices. All notices
required or permitted to be given under this Agreement shall be in conformance with Section 10.02 of the Credit Agreement. 

16. Counterparts. This Agreement may be executed in any number of counterparts, each of which where so executed and delivered shall be
an original, but all of which shall constitute one and the same instrument. It shall not be necessary in making proof of this Agreement to produce or account for more than one such counterpart. 

17. Headings. The headings of the sections and subsections hereof are provided for convenience only and shall not in any way affect the
meaning or construction of any provision of this Agreement. 
 18. Governing Law; Submission to Jurisdiction; Venue; WAIVER OF JURY
TRIAL. The terms of Sections 10.16 and 10.17 of the Credit Agreement with respect to governing law, submission to jurisdiction, venue and waiver of jury trail are incorporated herein by reference, mutatis mutandis, and the
parties hereto agree to such terms. 

  
 17 

 19. Severability. If any provision of this Agreement is determined to be illegal, invalid
or unenforceable, such provision shall be fully severable and the remaining provisions shall remain in full force and effect and shall be construed without giving effect to the illegal, invalid or unenforceable provisions. 

20. Entirety. This Agreement and the other Credit Documents, including any Secured Swap Contract represent the entire agreement of the
parties hereto and thereto, and supersede all prior agreements and understandings, oral or written, if any, including any commitment letters or correspondence relating to the Credit Documents or the transactions contemplated herein and therein. 

21. Survival. All representations and warranties of the Obligors hereunder shall survive the execution and delivery of this Agreement
and the other Credit Documents, including any Secured Swap Contract, the delivery of the Notes and the making of the Loan under the Credit Agreement. 

22. Other Security. To the extent that any of the Secured Obligations are now or hereafter secured by property other than the
Collateral (including, without limitation, real property and securities owned by an Obligor), or by a guarantee, endorsement or property of any other Person, then the Administrative Agent shall have the right to proceed against such other property,
guarantee or endorsement upon the occurrence of any Event of Default, and the Administrative Agent shall have the right, in its sole discretion, to determine which rights, security, liens, security interests or remedies the Administrative Agent
shall at any time pursue, relinquish, subordinate, modify or take with respect thereto, without in any way modifying or affecting any of them or the Secured Obligations or any of the rights of the Administrative Agent or the holders of the Secured
Obligations under this Agreement or under any other of the Credit Documents, including under any Secured Swap Contract. 
 23. Joint and
Several Obligations of Obligors. 
 (a) Each of the Obligors is accepting joint and several liability hereunder in
consideration of the financial accommodation to be provided by the Lenders under the Credit Agreement, for the mutual benefit, directly and indirectly, of each of the Obligors and in consideration of the undertakings of each of the Obligors to
accept joint and several liability for the obligations of each of them. 
 (b) Each of the Obligors jointly and severally
hereby irrevocably and unconditionally accepts, not merely as a surety but also as a co-debtor, joint and several liability with the other Obligors with respect to the payment and performance of all of the Secured Obligations arising under this
Agreement and the other Credit Documents to which such Obligor is party, including any Secured Swap Contract, it being the intention of the parties hereto that all the Secured Obligations shall be the joint and several obligations of each of the
Obligors (with respect to Credit Documents to which such Obligor is a party) without preferences or distinction among them. 

(c) Notwithstanding any provision to the contrary contained herein or in any other of the Credit Documents, to the extent the
obligations of any Obligor shall be adjudicated to be invalid or unenforceable for any reason (including, without limitation, because of any applicable state or federal law relating to fraudulent conveyances or transfers), then the obligations of
such Obligor under the Credit Documents shall be limited to an aggregate amount equal to the largest amount that would not render such obligation subject to avoidance under applicable law (whether federal or state and including, without limitation,
Section 548 of the Bankruptcy Code). 
 (d) Notwithstanding any provision to the contrary contained herein or in any
other of the Credit Documents, to the extent any Obligor is not a Qualified ECP Guarantor, such Obligor shall not be jointly and severally liable for any Obligation under any Swap Contract. 

  
 18 

 24. Joinder. At any time after the date of this Agreement, one or more additional Persons
may become party hereto by executing and delivering to the Administrative Agent an agreement in the form of a Borrower Joinder Agreement. Immediately upon such execution and delivery of such Borrower Joinder Agreement (and without any further
action), each such additional Person will become a party to this Agreement as an “Obligor” and have all of the rights and obligations of an Obligor hereunder and this Agreement and the schedules hereto shall be deemed amended by such
Borrower Joinder Agreement. 
 25. Rights of Required Lenders. All rights of the Administrative Agent hereunder, if not exercised by
the Administrative Agent, may be exercised by the Required Lenders to the extent permitted by the Credit Agreement. 
 26. Consent of
Issuers of Pledged Equity. Each issuer of Pledged Equity party to this Agreement hereby acknowledges, consents and agrees to the grant of the security interests in such Pledged Equity by the applicable Obligors pursuant to this Agreement,
together with all rights accompanying such security interest as provided by this Agreement and applicable law, notwithstanding any anti-assignment provisions in any operating agreement, limited partnership agreement or similar organizational or
governance documents of such issuer. 
 27. Credit Agreement and SNDA. The Loan is are governed by the terms and conditions set forth
in the Credit Agreement and the other Credit Documents and in the event of any conflict between the terms and conditions of this Agreement and the terms and conditions of the Credit Agreement, the terms and conditions of the Credit Agreement shall
control. In addition, to the extent that the Obligors and the Administrative Agent are parties to the SNDAs, and the terms and conditions of this Agreement are in conflict with the terms and conditions of such SNDAs, the terms and conditions of the
SNDAs shall govern and control. 
 [remainder of page intentionally left blank] 

  
 19 

 Each of the parties hereto has caused a counterpart of this Agreement to be duly executed and
delivered as of the date first above written. 
  

											
	OBLIGORS:	 	AVIV FINANCING VI, L.L.C., a Delaware limited
		 	liability company
			
		 	By:	 	AVIV HEALTHCARE PROPERTIES
		 		 	 OPERATING PARTNERSHIP I, L.P.,

a Delaware limited partnership, its sole member

		 		 
				
		 		 	By:	 	AVIV HEALTHCARE PROPERTIES
		 		 		 	LIMITED PARTNERSHIP, a Delaware
		 		 		 	limited partnership, its general partner
					
		 		 		 	By:	 	AVIV REIT, INC., a Maryland
		 		 		 		 	corporation, its general partner
						
		 		 		 		 	By:	 	  

		 		 		 		 	Name:	 	Craig M. Bernfield
		 		 		 		 	Title:	 	President and Chief Executive
		 		 		 		 		 	Officer

  

											
		 	FINANCING VI PROPERTY, L.L.C., a Delaware
		 	limited liability company
			
		 	By:	 	AVIV HEALTHCARE PROPERTIES
		 		 	OPERATING PARTNERSHIP I, L.P.,
		 		 	a Delaware limited partnership, its sole member
				
		 		 	By:	 	AVIV HEALTHCARE PROPERTIES
		 		 		 	LIMITED PARTNERSHIP, a Delaware
		 		 		 	limited partnership, its general partner
					
		 		 		 	By:	 	AVIV REIT, INC., a Maryland
		 		 		 		 	corporation, its general partner
						
		 		 		 		 	By:	 	  

		 		 		 		 	Name:	 	Craig M. Bernfield
		 		 		 		 	Title:	 	President and Chief Executive
		 		 		 		 		 	Officer

 Accepted and agreed to as of the date first above written. 

GENERAL ELECTRIC CAPITAL CORPORATION, 
 in its capacity as
Administrative Agent 
  

			
	By:	 	  

	Name:	 	  

		 	Its Duly Authorized Signatory

 SCHEDULE 1(b) 

PLEDGED EQUITY 
 Obligor: Aviv
Financing VI, L.L.C. 
  

							
	 Name of Subsidiary
	  	Number of Shares	  	Certificate
Number	  	Percentage
Ownership
	 Financing VI Healthcare Property, L.L.C.
	  	N/A	  	N/A	  	100%

 SCHEDULE 2(c) 

COMMERCIAL TORT CLAIMS 
 None. 

 SCHEDULE 4(a) 

LEGAL NAME, STATE OF FORMATION, PRINCIPAL PLACE OF BUSINESS, 

CHIEF EXECUTIVE OFFICE 
  

							
	 Borrower’s Legal Name
	  	State of
Formation	  	 Principal Place of Business
	  	 Chief Executive Office

				
	Aviv Financing VI, L.L.C.	  	DE	  	 303 West Madison Street, Suite 2400
 Chicago,
IL 60606
	  	 303 West Madison Street, Suite 2400
 Chicago,
IL 60606

				
	Financing VI Healthcare Property, L.L.C.	  	DE	  	 303 West Madison Street, Suite 2400
 Chicago,
IL 60606
	  	 303 West Madison Street, Suite 2400
 Chicago,
IL 60606

 SCHEDULE 4(h) 

INSTRUMENTS, DOCUMENTS OR TANGIBLE CHATTEL PAPER 

None. 

 EXHIBIT 4(a)(ii) 

IRREVOCABLE STOCK POWER 

FOR VALUE RECEIVED, the undersigned hereby sells, assigns and transfers to 

the following Equity Interests of
                    , a
                     corporation: 
  

							
	 	 	 No. of Shares
	  	 Certificate No.
	  	 
	 	 	 	  	 	  	 
	 	 	 	  	  	  	 
	 	 	 	  	  	  	 

 and irrevocably appoints
                                        
its agent and attorney-in-fact to transfer all or any part of such Equity Interests and to take all necessary and appropriate action to effect any such transfer. The agent and attorney-in-fact may substitute and appoint one or more persons to act
for him. The effectiveness of a transfer pursuant to this stock power shall be subject to any and all transfer restrictions referenced on the face of the certificates evidencing such interest or in the certificate of incorporation or bylaws of the
subject corporation, to the extent they may from time to time exist. 
 Dated:
                     
  

			
	  

		
	By:	 	  

	Name:	 	  

	Title:

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