Document:

Fourth Amended and Restated Operating Agreement of Boise Cascade Holdings, L.L.C

 Exhibit 10.1 

 
  

 
  

 
 BOISE CASCADE
HOLDINGS, L.L.C. 
 A Delaware Limited Liability Company 

 
  

FOURTH AMENDED AND RESTATED OPERATING 
 AGREEMENT Dated as of February 26, 2013 
 THE MEMBERSHIP INTERESTS REPRESENTED BY THIS
OPERATING AGREEMENT HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933 OR UNDER ANY OTHER APPLICABLE SECURITIES LAWS. SUCH INTERESTS MAY NOT BE OFFERED, SOLD, ASSIGNED, PLEDGED OR OTHERWISE DISPOSED OF AT ANY TIME WITHOUT
EFFECTIVE REGISTRATION UNDER SUCH ACT AND LAWS OR EXEMPTION THEREFROM, AND COMPLIANCE WITH THE OTHER RESTRICTIONS ON TRANSFERABILITY SET FORTH HEREIN. 
  

 
  

 

 Table of Contents 

 

					
	 ARTICLE I—ORGANIZATION
	  	 	2	  
		
	 1.1 Formation
	  	 	2	  
		
	 1.2 Name
	  	 	2	  
		
	 1.3 Registered Office; Registered Agent; Principal Office; Other Offices
	  	 	2	  
		
	 1.4 Purposes
	  	 	2	  
		
	 1.5 Foreign Qualification
	  	 	2	  
		
	 1.6 Term
	  	 	2	  
		
	 1.7 No State-Law Partnership
	  	 	3	  
		
	 1.8 Company Property
	  	 	3	  
		
	 1.9 Limited Liability Company Agreement
	  	 	3	  
		
	 ARTICLE II—UNIT INTERESTS; CAPITAL CONTRIBUTIONS
	  	 	3	  
		
	 2.1 Unit Interests
	  	 	3	  
		
	 2.2 Initial Units Issued as of the Effective Time of the Merger
	  	 	4	  
		
	 2.3 Additional Units Issued after Effective Time of the Merger
	  	 	4	  
		
	 ARTICLE III—CAPITAL ACCOUNTS
	  	 	5	  
		
	 3.1 Establishment and Determination of Capital Accounts
	  	 	5	  
		
	 3.2 Computation of Amounts
	  	 	6	  
		
	 3.3 Negative Capital Accounts
	  	 	6	  
		
	 3.4 Company Capital
	  	 	6	  
		
	 3.5 No Withdrawal
	  	 	7	  
		
	 3.6 Loans From Holders
	  	 	7	  
		
	 3.7 Adjustments to Book Value
	  	 	7	  
		
	 ARTICLE IV—DISTRIBUTIONS; ALLOCATIONS OF PROFITS AND LOSSES
	  	 	7	  
		
	 4.1 Generally
	  	 	7	  
		
	 4.2 Distributions
	  	 	7	  
		
	 4.3 Allocation of Profits and Losses
	  	 	9	  
		
	 4.4 Special Allocations
	  	 	9	  
		
	 4.5 Tax Allocations; Code Section 704(c)
	  	 	10	  

  
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	 4.6 Amounts Withheld
	  	 	11	  
		
	 ARTICLE V—MANAGEMENT
	  	 	11	  
		
	 5.1 Management by the Directors
	  	 	11	  
		
	 5.2 Actions by the Directors; Committees; Delegation of Authority and Duties
	  	 	12	  
		
	 5.3 Number and Term of Office
	  	 	13	  
		
	 5.4 Vacancies; Removal; Resignation
	  	 	13	  
		
	 5.5 Board Meetings
	  	 	13	  
		
	 5.6 Approval or Ratification of Acts or Contracts by Members
	  	 	14	  
		
	 5.7 Action by Written Consent or Telephone Conference
	  	 	14	  
		
	 5.8 Compensation
	  	 	15	  
		
	 5.9 Officers
	  	 	15	  
		
	 5.10 Reliance by Third Parties
	  	 	16	  
		
	 ARTICLE VI—MEETINGS OF MEMBERS
	  	 	16	  
		
	 6.1 Lack of Authority
	  	 	16	  
		
	 6.2 Member Meetings
	  	 	16	  
		
	 6.3 Proxies
	  	 	17	  
		
	 6.4 Conduct of Meetings
	  	 	18	  
		
	 6.5 Action by Written Consent or Telephone Conference
	  	 	18	  
		
	 ARTICLE VII—LIMITED LIABILITY, EXCULPATION, AND INDEMNIFICATION
	  	 	19	  
		
	 7.1 Limited Liability of Members
	  	 	19	  
		
	 7.2 Exculpation of Covered Persons
	  	 	19	  
		
	 7.3 Right to Indemnification for Covered Persons
	  	 	20	  
		
	 7.4 Contract with Company
	  	 	20	  
		
	 7.5 Advance Payment
	  	 	20	  
		
	 7.6 Indemnification of Employees and Agents
	  	 	21	  
		
	 7.7 Appearance as a Witness
	  	 	21	  
		
	 7.8 Nonexclusivity of Rights
	  	 	21	  
		
	 7.9 Insurance
	  	 	21	  
		
	 7.10 Savings Clause
	  	 	21	  
		
	 7.11 Investment Opportunities; Conflicts of Interest
	  	 	22	  

  
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	 ARTICLE VIII—TAX MATTERS
	  	 	22	  
		
	 8.1 Tax Returns
	  	 	22	  
		
	 8.2 Tax Matters Member
	  	 	22	  
		
	 8.3 Indemnification and Reimbursement for Payments on Behalf of a Holder
	  	 	23	  
		
	 ARTICLE IX—BOOKS AND RECORDS, REPORTS, AND CONFIDENTIALITY
	  	 	24	  
		
	 9.1 Maintenance of Books
	  	 	24	  
		
	 9.2 Reports
	  	 	24	  
		
	 9.3 Company Funds
	  	 	24	  
		
	 9.4 Confidentiality
	  	 	25	  
		
	 ARTICLE X—TRANSFERS; ADMISSION OF MEMBERS
	  	 	25	  
		
	 10.1 Transfers
	  	 	25	  
		
	 10.2 Incorporation of the Company
	  	 	26	  
		
	 10.3 Void Assignment
	  	 	26	  
		
	 10.4 Effect of Valid Assignment
	  	 	27	  
		
	 10.5 Admission of Substituted Member
	  	 	28	  
		
	 10.6 Admission of Additional Members
	  	 	28	  
		
	 10.7 Effect of Incapacity
	  	 	29	  
		
	 ARTICLE XI—DISSOLUTION, LIQUIDATION AND TERMINATION
	  	 	29	  
		
	 11.1 Dissolution
	  	 	29	  
		
	 11.2 Liquidation and Termination
	  	 	29	  
		
	 11.3 Cancellation of Certificate
	  	 	30	  
		
	 11.4 Reasonable Time for Winding Up
	  	 	30	  
		
	 11.5 Return of Capital
	  	 	30	  
		
	 ARTICLE XII—GENERAL PROVISIONS
	  	 	31	  
		
	 12.1 Power of Attorney
	  	 	31	  
		
	 12.2 [Reserved]
	  	 	31	  
		
	 12.3 Filings
	  	 	31	  
		
	 12.4 Offset
	  	 	31	  
		
	 12.5 Notices
	  	 	32	  
		
	 12.6 Entire Agreement
	  	 	34	  
		
	 12.7 Effect of Waiver or Consent
	  	 	34	  
		
	 12.8 Amendments
	  	 	34	  

  
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	 12.9 Binding Effect
	  	 	34	  
		
	 12.10 Governing Law; Severability
	  	 	34	  
		
	 12.11 Further Assurances
	  	 	34	  
		
	 12.12 Waiver of Certain Rights
	  	 	34	  
		
	 12.13 Notice to Members of Provisions
	  	 	35	  
		
	 12.14 Remedies
	  	 	35	  
		
	 12.15 Severability
	  	 	35	  
		
	 12.16 Descriptive Headings; Interpretations
	  	 	35	  
		
	 12.17 Creditors
	  	 	35	  
		
	 12.18 Delivery by Facsimile
	  	 	36	  
		
	 12.19 No Public Disclosure
	  	 	36	  
		
	 12.20 Survival
	  	 	36	  
		
	 12.21 Counterparts
	  	 	36	  
		
	 ARTICLE XIII—DEFINITIONS
	  	 	36	  
		
	 13.1 Definitions of Terms Not Defined in the Text
	  	 	36	  
		
	 13.2 Index of Definitions Defined in the Text
	  	 	40	  

  
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 FOURTH AMENDED AND 
 RESTATED OPERATING 
 AGREEMENT 

OF 
 BOISE CASCADE
HOLDINGS, L.L.C. 
 a Delaware Limited Liability Company 
 THIS FOURTH AMENDED AND RESTATED OPERATING AGREEMENT of Boise Cascade Holdings, L.L.C. (this “Agreement”), is dated and made as of February 26, 2013. 

RECITALS 

WHEREAS, the Members initially entered into this Agreement on October 29, 2004 (the “Original Agreement”) with the
intention that it be effective as of September 22, 2004; 
 WHEREAS, on May 9, 2005, the Company was converted into a
Delaware corporation named Boise Cascade Company; 
 WHEREAS, acting pursuant to a Rescission Agreement, dated as of
December 20, 2005, the shareholders of Boise Cascade Company (formerly the members) agreed to rescind the conversion of the Company into Boise Cascade Company and by appropriate filings with the Delaware Secretary of State accomplished such
rescission; 
 WHEREAS, the Rescission Agreement provided for reinstatement of the Original Agreement effective as of
May 9, 2005 and the Members re-executed the Original Agreement on December 20, 2005 and amended and restated it effective as of March 31, 2006 and then again September 6, 2012 and then further amended the Original Agreement on
February 12, 2013 (as so re-executed and as then amended through the date hereof, the “Prior Agreement”); 

WHEREAS, on February 11, 2013, the Company’s Subsidiary, Boise Cascade Company consummated an initial public offering of its
capital stock and on February 12, 2013, the Company repurchased all of its issued and outstanding Series A Common Units and made a distribution in respect of Series B Common Units; 

WHEREAS, on the date hereof, in accordance with that certain Agreement and Plan of Merger, dated as of the date hereof, between the
Company and its wholly-owned subsidiary, BCH Merger Sub, LLC (the “Merger Agreement”) Merger Sub is being merged with and into the Company in order to effect a recapitalization of the Company in which all of the Series B Common
Units and Series C Common Units are, by virtue of the merger contemplated by the Merger Agreement, being exchanged for Common Units of the Company; 
 WHEREAS, the Prior Agreement is, by virtue of the merger contemplated by the Merger Agreement, being amended and restated in its entirety in the form of this Agreement; 

  
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 NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which
are hereby acknowledged, the parties hereby agree as follows: 
 Unless otherwise defined herein, capitalized terms used in this
Agreement will have the meanings given to such terms in Section 13.1. Capitalized terms defined in the text of this Agreement are indexed in Section 13.2. 
 ARTICLE I—ORGANIZATION 
 1.1 Formation. The Company has been
organized as a Delaware limited liability company by the filing of a Certificate of Formation (the “Certificate”) under and pursuant to the Act. 
 1.2 Name. The name of the Company is “Boise Cascade Holdings, L.L.C.,” and all Company business shall be conducted in that name or such other names that comply with applicable law as the
Board may select from time to time. 
 1.3 Registered Office; Registered Agent; Principal Office; Other Offices. The
Company shall maintain a registered office in the State of Delaware at, and the name and address of the Company’s registered agent in the State of Delaware is, The Corporation Trust Company, Corporation Trust Building, 1209 Orange Street,
Wilmington, DE 19801. The Board may, from time to time, change the Company’s registered office and/or registered agent and shall forthwith amend the Certificate to reflect such change(s). The principal office of the Company shall be at such
place as the Board may designate from time to time, which need not be in the State of Delaware, and the Company shall maintain records there. The Company may have such other offices as the Board may designate from time to time. 

1.4 Purposes. The purpose of the Company is to engage in any and all lawful businesses and activities that limited liability
companies are permitted to carry on under the Act. The Company shall possess and may exercise all the powers and privileges granted by the Act or by any other law or by this Agreement, together with any powers incidental thereto, insofar as such
powers and privileges are necessary, appropriate, advisable, incidental or convenient to the conduct, promotion or attainment of the business purposes or activities of the Company. 

1.5 Foreign Qualification. Prior to the Company’s conducting business in any jurisdiction other than Delaware, the Board
shall cause the Company to comply, to the extent procedures are available and those matters are reasonably within the control of the Board, with all requirements necessary to qualify the Company as a foreign limited liability company in that
jurisdiction. At the request of the Board, each Holder shall execute, acknowledge, swear to and deliver all certificates and other instruments conforming with this Agreement that are necessary or appropriate to qualify, continue and terminate the
Company as a foreign limited liability company in all such jurisdictions in which the Company may conduct business. 
 1.6
Term. The term of the Company commenced on the date the Certificate was filed with the office of the Secretary of State of Delaware and shall continue until termination and dissolution thereof as determined under Section 11.1 of this
Agreement. 

  
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 1.7 No State-Law Partnership. It is intended that the Company not be a partnership
(including, without limitation, a limited partnership) or joint venture, and that no Holder or Director be a partner or joint venturer of any other Holder or Director, for any purposes other than federal and, if applicable, state tax purposes, and
this Agreement shall not be construed to suggest otherwise. Unless otherwise determined by the Tax Matters Member pursuant to Section 8.2(b), the Members intend that the Company shall be treated as a partnership for federal and, if
applicable, state income tax purposes, and each Holder and the Company shall file all tax returns and shall otherwise take all tax and financial reporting positions in a manner consistent with such treatment. 

1.8 Company Property. Company assets shall be deemed to be owned by the Company as an entity, and no Holder, individually or
collectively, shall have any ownership interest in such Company assets or any portion thereof. Legal title to any or all Company assets may be held in the name of the Company or one or more nominees, as the Board may determine. The Board hereby
declares and warrants that any Company assets for which legal title is held in the name of any nominee shall be held in trust by such nominee for the use and benefit of the Company in accordance with the provisions of this Agreement. All Company
assets shall be recorded as the property of the Company on its books and records, irrespective of the name in which legal title to such Company assets is held. The Units of each Holder shall constitute personal property. 

1.9 Limited Liability Company Agreement. This Agreement is established for the purpose of establishing the affairs of the Company
and the conduct of its business in accordance with the provisions of the Act. During the term of the Company set forth in Section 1.6 hereof, the rights and obligations of the Holders with respect to the Company shall be determined in
accordance with the terms and conditions of this Agreement and, except where the Act provides that such rights and obligations specified in the Act shall apply “unless otherwise provided in a limited liability company agreement” or words
of similar effect and such rights and obligations are set forth in this Agreement, the Act. Notwithstanding the foregoing, Section 18-210 of the Act (entitled “Contractual Appraisal Rights”) and Section 18-305(a) of the Act (entitled
“Access to and Confidentiality of Information; Records”) shall not apply to the Company or be incorporated into this Agreement. 
 ARTICLE II—UNIT INTERESTS; CAPITAL CONTRIBUTIONS 
 2.1 Unit
Interests. 
 (a) Authorized Units. Subject to the terms of this Agreement, the Company is authorized to issue equity
interests in the Company designated as Units. The total number of Units that the Company shall have authority to issue is 29,700,000 Common Units. 
 (b) Interests of Unit Holders. The relative rights, powers, preferences, duties, liabilities and obligations of Holders of the Units (including the Common Units) shall be as set forth herein. Each
Holder’s interest in the Company, including such Holder’s interest in income, gains, losses, deductions and expenses of the Company, shall be represented by the Units held by such Holder. 

  
 3 

 (c) Voting Rights. Each Common Unit shall entitle the Member owning such Unit to one
vote on any matter to be voted on by the Members as provided in this Agreement or required by applicable law; provided that to the extent any Holder of Common Units is required to obtain any governmental approval, consent or authorization prior to
acquiring voting securities of the Company, such Holder shall not be entitled to a vote in respect of such Common Units until such necessary governmental approval consent or authorization has been obtained. 

(d) Reserved. 
 (e) Certification of Units. The Units owned by the Members will be recorded on the attached Schedule of Members and, initially, will not be represented by physical certificates. The Board
may in its discretion issue certificates to the Holders representing the Units held by each Holder. 
 (f) Restrictive
Legend. In the event that certificates representing the Units are issued, each certificate or instrument shall be imprinted with a legend in substantially the following form: 

THE UNITS REPRESENTED BY THIS CERTIFICATE WERE ORIGINALLY ISSUED ON
                    ,
                    , HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”), OR APPLICABLE STATE
SECURITIES LAWS (“STATE ACTS”) AND MAY NOT BE SOLD, ASSIGNED, PLEDGED OR TRANSFERRED OR OTHERWISE DISPOSED OF WITHOUT AN EFFECTIVE REGISTRATION UNDER THE ACT OR STATE ACTS OR AN EXEMPTION THEREFROM. THE TRANSFER OF THE UNITS REPRESENTED BY
THIS CERTIFICATE IS SUBJECT TO THE CONDITIONS SPECIFIED IN AN OPERATING AGREEMENT, DATED AS OF OCTOBER 29, 2004 AND EFFECTIVE AS OF SEPTEMBER 22, 2004, AS AMENDED AND MODIFIED FROM TIME TO TIME, GOVERNING THE ISSUER (THE “COMPANY”) AND BY
AND AMONG CERTAIN INVESTORS. A COPY OF SUCH CONDITIONS SHALL BE FURNISHED BY THE COMPANY TO THE HOLDER HEREOF UPON WRITTEN REQUEST AND WITHOUT CHARGE. 
 2.2 Initial Units Issued as of the Effective Time of the Merger. As of immediately after the effective time of the merger contemplated by the Merger Agreement, the Members listed on the attached
Schedule of Members own the number of Common Units as set forth opposite each such Member’s name on the attached Schedule of Members. 
 2.3 Additional Units Issued after Effective Time of the Merger. 
 (a)
Issuances of Additional Units. The Board shall have the right to cause the Company to issue or sell to Members or other Persons: (i) additional Units (including other classes or series thereof having different rights),
(ii) obligations, evidences of indebtedness or other securities or interests convertible or exchangeable into Units, and (iii) warrants, options or other rights to purchase or otherwise acquire Units. 

  
 4 

 (b) Reserved. 

(c) Reserved 
 (d) Capital Contributions. In connection with any issuance of additional Units or other interests in the Company, the acquiring Person shall in exchange for such Units or other interests make
Capital Contributions to the Company in an amount, if any, specified by the Board. 
 (e) Record of Additional Issuances;
Amendments. In connection with any issuance of additional Units or other interests in the Company, the Board shall amend the Schedule of Members as necessary to reflect such additional issuances (including the number and class of Units
and Capital Contributions of the acquiring Person), and shall have the power to make any other amendments to this Agreement as it deems necessary to authorize any such Units or other securities, provide for the relative rights, powers, preferences,
duties, liabilities and obligations thereof, or otherwise reflect or provide for such additional issuances. 
 (f)
Counterparts. Each Member has executed a counterpart of the Prior Agreement and this Agreement was adopted in connection with the merger contemplated by the Merger Agreement and Section 18-209 of the Act and this Agreement as adopted in
connection with the merger contemplated by the Merger Agreement is the limited liability company agreement of the Company for all purposes of the Act. Subject to the restrictions in Article X, upon the acquisition of any Units or other
interests in the Company by a Person who is not a Member, such Person shall execute and deliver a counterpart of this Agreement and, subject to compliance with the conditions set forth in Section 10.7 or 10.8 hereof, as
applicable, such Person shall become a Member hereunder and shall be listed as a Member on the Schedule of Members, together with such Member’s address, number and class of Units and amount of Capital Contributions. 

ARTICLE III—CAPITAL ACCOUNTS 
 3.1 Establishment and Determination of Capital Accounts. A capital account (“Capital Account”) shall be established for each Holder. The Capital Account of each Holder shall
consist of its initial Capital Contribution and shall be (a) increased by (i) any additional Capital Contributions made by such Holder pursuant to the terms of this Agreement and (ii) such Holder’s share of items of income and
gain allocated to such Holder pursuant to Article IV, (b) decreased by (i) such Holder’s share of items of loss, deduction and expense allocated to such Holder pursuant to Article IV and (ii) any Distributions to
such Holder of cash or the fair market value of any other property (net of liabilities assumed by such Holder and liabilities to which such property is subject) distributed to such Holder and (c) adjusted as otherwise required by the Code and
the regulations thereunder, including, but not limited to, the rules of Treasury Regulation Section 1.704-1(b)(2)(iv). Any references in this Agreement to the Capital Account of a Holder shall be deemed to refer to such Capital Account as the
same may be increased or decreased from time to time as set forth above and the Capital Account for each Holder as of immediately after the merger contemplated by the Merger Agreement shall be as determined as provided in the Merger Agreement.

  
 5 

 3.2 Computation of Amounts. For purposes of computing the amount of any item
of income, gain, loss, deduction or expense to be reflected in Capital Accounts, the determination, recognition and classification of each such item shall be the same as its determination, recognition and classification for federal income tax
purposes; provided that: 
  

	 	(i)	any income that is exempt from Federal income tax shall be added to such taxable income or losses; 

 

	 	(ii)	any expenditures of the Company described in Section 705(a)(2)(B) of the Code or treated as Code Section 705(a)(2)(B) expenditures pursuant to Treasury
Regulation Section 1.704-1(b)(2)(iv)(i), shall be subtracted from such taxable income or losses; 

  

	 	(iii)	if the Book Value of any Company property is adjusted pursuant to Treasury Regulation Section 1.704-1(b)(2)(iv)(e) (in connection with a distribution
of such property) or (f) (in connection with a revaluation of Capital Accounts), the amount of such adjustment shall be taken into account as gain or loss from the disposition of such property; 

 

	 	(iv)	if property that is reflected on the books of the Company has a Book Value that differs from the adjusted tax basis of such property, depreciation, amortization and
gain or loss with respect to such property shall be determined by reference to such Book Value; and 

  

	 	(v)	the computation of all items of income, gain, loss, deduction and expense shall be made without regard to any election pursuant to Section 754 of the Code that may
be made by the Company, unless the adjustment to basis of Company property pursuant to such election is reflected in Capital Accounts pursuant to Treasury Regulation Section 1.704-1(b)(2)(iv)(m). 

3.3 Negative Capital Accounts. No Holder shall be required to pay to the Company or any other Holder any deficit or negative
balance that may exist from time to time in such Holder’s Capital Account. Notwithstanding anything expressed or implied to the contrary in this Agreement, upon liquidation, dissolution or winding up of the Company, no Holder shall be required
to make any Capital Contribution to the Company in respect of any deficit in such Holder’s Capital Account. 
 3.4
Company Capital. No Holder shall be paid interest on any Capital Contribution to the Company or on such Holder’s Capital Account, and no Holder shall have any right (i) to demand the return of such Holder’s Capital Contribution or
any other Distribution from the Company (whether upon resignation, withdrawal or otherwise), except upon dissolution of the Company pursuant to Article XI hereof, (ii) to seek or obtain a partition of any Company assets, or (iii) to
own or use any particular or individual assets of the Company. 

  
 6 

 3.5 No Withdrawal. No Holder shall be entitled to withdraw any part of such
Holder’s Capital Contribution or Capital Account or to receive any Distribution from the Company, except as expressly provided herein. 
 3.6 Loans From Holders. Loans by Holders to the Company shall not be considered Capital Contributions. If any Holder shall loan funds to the Company in excess of the amounts required hereunder to
be contributed by such Holder to the capital of the Company, the making of such loans shall not result in any increase in the amount of the Capital Account of such Holder. The amount of any such loans shall be a debt of the Company to such Holder
and shall be payable or collectible in accordance with the terms and conditions upon which such loans are made. 
 3.7
Adjustments to Book Value. The Company shall adjust the Book Value of its assets to fair market value in accordance with Treasury Regulation Section 1.704-1(b)(2)(iv)(f) as of the following times: (a) at the Board’s
discretion in connection with the issuance of Units in the Company; (b) at the Board’s discretion in connection with the Distribution by the Company to a Holder of more than a de minimis amount of Company assets, including cash, if
as a result of such Distribution, such Holder’s interest in the Company is reduced; and (c) the liquidation of the Company within the meaning of Treasury Regulation Section 1.704-1(b)(2)(ii)(g). Any such increase or decrease in
Book Value of an asset shall be allocated as a Profit or Loss to the Capital Accounts of the Holders under Section 4.3 (determined immediately prior to the issuance of the new Units or the distribution of assets in an ownership reduction
transaction). 
 ARTICLE IV—DISTRIBUTIONS; ALLOCATIONS OF PROFITS AND LOSSES 

4.1 Generally. Subject to the provision of Section 18-607 of the Act and Sections 4.2(a) and 4.2(e) of this
Agreement, the Board shall have sole discretion regarding the amounts, form and timing of Distributions to Holders, in each case subject to the retention of, or payment to third parties of, such funds as it deems necessary with respect to the
reasonable business needs of the Company, which shall include (but not by way of limitation) the payment or the making of provision for the payment when due of Company obligations, including the payment of any management or administrative fees and
expenses or any other obligations. 
 4.2 Distributions. 

(a) Tax Distributions. With respect to any taxable income for any Taxable Year beginning on or after January 1, 2013, the
Board may, but shall not be obligated to, cause the Company to distribute to each Holder with respect each Taxable Year (within 75 days after the close of such Taxable Year, or on a quarterly or other basis as shall be determined by the Board in its
sole discretion to be appropriate to enable each such Holder to pay estimated income tax liabilities). The Company shall be entitled to pay amounts distributable pursuant to the prior sentence by making payments to a tax authority on behalf of a
Holder (or such Holder’s direct or indirect partners or members), for example, in connection with withholding taxes or composite return taxes and, in such case, such amounts shall be treated as distributed to the Holder on whose behalf such
payments were made. Any Distribution to a Holder pursuant to this Section 4.2(a) 

  
 7 

 that is made to a Holder of Common Units as a result of taxable income and gains allocated to such Common
Units, shall be treated as an advance Distribution under Section 4.2(b) and shall be offset against future Distributions that such Holder would otherwise be entitled to receive pursuant to Section 4.2(b). Nothing herein shall limit the
payment, as provided in Section 4D of the Merger Agreement, of any Distribution to holders of Series B Common Units and Series C Common Units in accordance with Section 4.2(a) of the Prior Agreement with respect to taxable income for the
Taxable Year ended December 31, 2012. 
 (b) Priority of Distributions. Subject to Sections 4.2(a) and
4.2(e), all Distributions (including in connection with the dissolution and liquidation of the Company pursuant to the terms of Article XI hereof) shall be made when and as declared by the Board to the Holders of Common Units (in the
proportion that the number of Common Units held by each such Holder immediately prior to such Distribution bears to the aggregate number of Common Units outstanding immediately prior to such Distribution). 

(c) In-Kind Distributions. At any time, and from time to time, the Company may distribute to its Holders securities or other
property held by the Company; provided that any such Distribution shall not satisfy any of the Company’s obligations pursuant to Section 4.2(a). In any Distribution pursuant to this Section 4.2(c), the property so
distributed will be distributed among the Holders in the same proportions as cash equal to the fair market value of such property (as determined in good faith by the Board) would be distributed among the Holders pursuant to
Section 4.2(b) and for the avoidance of doubt, the Company may distribute cash, securities and/or other property as part of a single distribution, whether or not in ratable strips to each Holder, so long as the Board determines that the
aggregate value being distributed to each Holder complies with Section 4.2(b). The Board may require as a condition of Distribution of securities hereunder that the Holders execute and deliver such documents as the Board may deem
necessary or appropriate to ensure compliance with all U.S. federal and state securities laws which apply to such Distribution and any contractual restrictions applicable to the securities being distributed and any further transfer of the
distributed securities (including compliance with any lock-up to which the Company is subject), and may appropriately legend the certificates which represent such securities to reflect any restriction on transfer with respect to such laws.
Notwithstanding anything in this Agreement to the contrary, if the Company distributes cash from the sale of Boise Cascade Company stock to one or more members and Boise Cascade Company stock in-kind to one or more other members, any gain or loss on
the Boise Cascade Company stock sold shall be allocated solely to the members receiving such cash sale proceeds and such Members shall bear any expenses or costs of the sale. 
 (d) Sale of the Company. In connection with any Sale of the Company, unless otherwise determined by the Board, the aggregate cash, securities and other property to be received in such Sale of the
Company as consideration in respect of the Units shall be allocated in such Sale of the Company among the Holders as if such consideration were Distributed by the Company to the Holders pursuant to the provisions of Section 4.2(b).

 (e) Redemption of FPH Common Units in connection with Repurchases from FPH Management Members. In the event FPH elects
to exercise its rights under any FPH Management Equity Agreement to repurchase FPH Common Units from an FPH Management Member, the Company will redeem an equal number of Common Units held by FPH at a redemption price equal to the repurchase price,
if any, payable by FPH for such FPH Common 

  
 8 

 
Units pursuant to the terms of such FPH Management Equity Agreement. In either case, such redemption price will be paid to FPH in cash or securities. The Members agree that any repurchase or
redemption in accordance with this Section 4.2(e) shall not be deemed to violate and shall not be deemed to trigger the rights of any Member under any other agreement to which such Member is party with the Company (including the
Securityholders Agreement). 
 4.3 Allocation of Profits and Losses. For each Fiscal Year of the Company, after adjusting
each Holder’s Capital Account for all Capital Contributions and distributions during such Fiscal Year and all special allocations pursuant to Section 4.4 with respect to such Fiscal Year, all Profits and Losses (other than Profits
and Losses specially allocated pursuant to Section 4.4) shall be allocated to the Holders’ Capital Accounts in a manner such that, as of the end of such Fiscal Year, the Capital Account of each Holder (which may be either a positive
or negative balance) shall be equal to (i) the amount which would be distributed to such Holder, determined as if the Company were to liquidate all of its assets for the Book Value thereof and distribute the proceeds thereof (after payment of
all Company debts, liabilities and obligations) pursuant to Section 4.2(b) hereof, minus (ii) the sum of (A) such Holder’s share of Company Minimum Gain (as determined according to Treasury Regulation
Section 1.704-2(d) and (g)(3)) and Member Minimum Gain (as determined according to Treasury Regulation Section 1.704-2(i)) and (B) the amount, if any, which such Holder is obligated to contribute to the capital of the Company as of
the last day of such Fiscal Year. 
 4.4 Special Allocations. Notwithstanding the provisions of Section 4.3:

 (a) Nonrecourse Deductions. Nonrecourse Deductions shall be allocated to the Holders of Common Units, pro rata in
proportion to the total number of such Common Units held by each such Holder. If there is a net decrease in Company Minimum Gain during any Taxable Year, each Holder shall be specially allocated items of taxable income or gain for such Taxable Year
(and, if necessary, subsequent Taxable Years) in an amount equal to such Holder’s share of the net decrease in Company Minimum Gain, determined in accordance with Treasury Regulation Section 1.704-2(g). The items to be so allocated shall
be determined in accordance with Treasury Regulation Section 1.704-2(f)(6). This paragraph is intended to comply with the minimum gain chargeback requirement in Treasury Regulation Section 1.704-2(f) and shall be interpreted consistently
therewith. 
 (b) Member Nonrecourse Deductions. Member Nonrecourse Deductions shall be allocated in the manner required
by Treasury Regulation Section 1.704-2(i). Except as otherwise provided in Treasury Regulation Section 1.704-2(i)(4), if there is a net decrease in Member Minimum Gain during any Taxable Year, each Holder that has a share of such Member
Minimum Gain shall be specially allocated items of taxable income or gain for such Taxable Year (and, if necessary, subsequent Taxable Years) in an amount equal to that Holder’s share of the net decrease in Member Minimum Gain. Items to be
allocated pursuant to this paragraph shall be determined in accordance with Treasury Regulation Sections 1.704-2(i)(4) and 1.704-2(j)(2). This paragraph is intended to comply with the minimum gain chargeback requirements in Treasury Regulation
Section 1.704-2(i)(4) and shall be interpreted consistently therewith. 

  
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 (c) Unexpected Adjustments. If any Holder unexpectedly receives any adjustments,
allocations or Distributions described in Treasury Regulation Section 1.704-l(b)(2)(ii)(d)(4), (5) or (6), items of taxable income and gain shall be specially allocated to such Member in an amount and manner sufficient to eliminate the
adjusted capital account deficit (determined according to Treasury Regulation Section 1.704-1 (b)(2)(ii)(d)) created by such adjustments, allocations or Distributions as quickly as possible. This paragraph is intended to comply with the
qualified income offset requirement in Treasury Regulation Section 1.704-1 (b)(2)(ii)(d) and shall be interpreted consistently therewith. 
 (d) Curative Allocations. The allocations set forth in paragraphs (a), (b) and (c) above (the “Regulatory Allocations”) are intended to comply with certain requirements
of the Treasury Regulations under Code Section 704. Notwithstanding any other provisions of this Article IV (other than the Regulatory Allocations), the Regulatory Allocations shall be taken into account in allocating Profits and Losses
among Holders so that, to the extent possible, the net amount of such allocations of Profits and Losses and other items and the Regulatory Allocations (including Regulatory Allocations that, although not yet made, are expected to be made in the
future) to each Holder shall be equal to the net amount that would have been allocated to such Member if the Regulatory Allocations had not occurred. 
 (e) Transactions between Holders and the Company. If, and to the extent that, any Holder is deemed to recognize any item of income, gain, loss, deduction or credit as a result of any transaction
between such Holder and the Company pursuant to Code Sections 1272-1274, 7872, 483, 482, 83 or any similar provision now or hereafter in effect, and the Board determines that any corresponding Profit or Loss of the Company should be allocated to the
Holder who recognized such item in order to reflect the Holder’s economic interests in the Company, then the Board may so allocate such Profit or Loss. 
 4.5 Tax Allocations; Code Section 704(c). 
 (a) General. The
income, gains, losses, deductions and expenses of the Company shall be allocated, for federal, state and local income tax purposes, among the Holders in accordance with the allocation of such income, gains, losses, deductions and expenses among the
Holders for computing their Capital Accounts, except that if any such allocation is not permitted by the Code or other applicable law, the Company’s subsequent income, gains, losses, deductions and expenses shall be allocated among the
Holders so as to reflect as nearly as possible the allocation set forth herein in computing their Capital Accounts. 
 (b)
Section 704(c). In accordance with Code Section 704(c) and the Treasury Regulations thereunder, income, gain, loss, deduction and expense with respect to any property contributed to the capital of the Company shall, solely for tax
purposes, be allocated among the Holders so as to take account of any variation between the adjusted basis of such property to the Company for federal income tax purposes and its fair market value at the time of contribution. 

(c) Adjustment of Book Value. If the Book Value of any Company asset is adjusted pursuant to Section 4.5, subsequent
allocations of items of taxable income, gain, loss, deduction and expense with respect to such asset shall take account of any variation between the adjusted basis of such asset for federal income tax purposes and its Book Value in the same manner
as under Code Section 704(c). 

  
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 (d) Board Authority. Any elections or other decisions relating to allocations for
federal, state and local income tax purposes shall be made by the Board in any manner that reasonably reflects the purpose and intent of this Agreement. Allocations pursuant to this Section 4.5 are solely for purposes of federal, state
and local taxes and shall not affect, or in any way be taken into account in computing, any Holder’s Capital Account or share of profits, losses, other items or distributions pursuant to any provisions of this Agreement. 

4.6 Amounts Withheld. All amounts withheld pursuant to Section 8.3 from any Distribution to a Holder shall be
treated as amounts distributed to such Holder pursuant to this Article IV for all purposes under this Agreement. 

ARTICLE V—MANAGEMENT 
 5.1 Management by the Directors. 
 (a) Authority of Board. Except for
situations in which the approval of the Members is required by this Agreement or by non-waivable provisions of applicable law, and subject to the provisions of Section 5.2 and Section 5.9, (i) the powers of the Company
shall be exercised by or under the authority of, and the business and affairs of the Company shall be managed under the direction of, the Board and (ii) the Board may make all decisions and take all actions for the Company not otherwise
provided for in this Agreement, including, without limitation, the following: 
 (i) entering into, making and
performing contracts, agreements and other undertakings binding the Company that may be necessary, appropriate or advisable in furtherance of the purposes of the Company and making all decisions and waivers thereunder; 

(ii) maintaining the assets of the Company in good order; 

(iii) collecting sums due the Company; 

(iv) opening and maintaining bank and investment accounts and arrangements, drawing checks and other orders for the
payment of money and designating individuals with authority to sign or give instructions with respect to those accounts and arrangements; 
 (v) acquiring, utilizing for Company purposes and disposing of any assets of the Company; 
 (vi) to the extent that funds of the Company are available therefor, paying debts and obligations of the Company; 
 (vii) hiring and employing executives, supervisors and other personnel; 
 (viii) selecting, removing and changing the authority and responsibility of lawyers, accountants and other advisers and consultants; 

(ix) borrowing money or otherwise committing the credit of the Company for its activities and voluntary prepayments or
extensions of debt; 

  
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 (x) obtaining insurance for the Company; 

(xi) establishing reserves for commitments and obligations (contingent or otherwise) of the Company; 

(xii) determining Distributions of Company cash and other property as provided in Section 4.2; 

(xiii) subdividing (whether by unit split or otherwise) or combining (whether by reverse split or otherwise) the number of
Common Units issued and outstanding; 
 (xiv) establishing a seal for the Company; and 

(xv) filing a petition under the federal bankruptcy laws or under any other receivership, insolvency or reorganization
laws. 
 (b) Power to Bind Company. Unless the Board consists of one Director, no Director (acting in his capacity as
such) shall have any authority to bind the Company to any third party with respect to any matter except pursuant to a resolution expressly authorizing such action, which resolution is duly adopted by the Board by the affirmative vote required for
such matter pursuant to the terms of this Agreement. 
 (c) Officer Supervision. The management of the business and
affairs of the Company by the officers and the exercising of their powers shall be conducted under the supervision of and subject to the approval of the Board. 
 5.2 Actions by the Directors; Committees; Delegation of Authority and Duties. 
 (a) Board of Directors. In managing the business and affairs of the Company and exercising their powers, the Directors shall be members of and shall act as a Board of Directors (the
“Board”). The Board may act (i) through meetings and written consents pursuant to Sections 5.5 and 5.7, (ii) through committees pursuant to Section 5.2(c) and (iii) through any officer to
whom authority and duties have been delegated pursuant to Sections 5.2(e) and 5.9. 
 (b) Time and
Attention. Each Holder acknowledges and agrees that no Director shall, as a result of being a Director (as such), be bound to devote all of his business time to the affairs of the Company, and that he and his Affiliates do and will continue to
engage for their own account and for the accounts of others in other business ventures. 
 (c) Committees. The Board may,
from time to time, designate one or more committees, each of which shall be composed of at least two Directors. Any such committee, to the extent provided in such resolution or in the Certificate or this Agreement, shall have and may exercise all of
the authority of the Board delegated to such committee. The Board may dissolve any committee at any time, unless otherwise provided in the Certificate or this Agreement. 

  
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 (d) Committee Rules. Unless the Board otherwise provides, each committee designated
by the Board may adopt, amend and repeal rules for the conduct of its business. In the absence of a resolution by the Board or a provision in the rules of such committee to the contrary, the presence of a majority of the total number of members of
such committee shall constitute a quorum for the transaction of business, and the vote of a majority of the members of the Board present at a meeting at which a quorum is present shall be the act of such committee. 

(e) Delegation; Generally. The Board may, from time to time, delegate to one or more Persons (including any Director or officer)
such authority and duties as the Board may deem advisable. The Board also may assign titles to any Director, Holder or other individual and may delegate to such Director, Holder or other individual certain authority and duties. Any number of titles
may be held by the same Director, Holder or other individual. Any delegation pursuant to this Section 5.2(e) may be revoked at any time by the Board. 
 5.3 Number and Term of Office. Each Director shall be a “manager” as described in the Act. The number of Directors has been and may be established from time to time by the affirmative
vote of the Members holding the Required Interest and as of the date of this Agreement the number of Directors and members of the Board is eight. Each Director shall hold office for the term for which he is elected and thereafter until his successor
shall have been elected and qualified, or until his earlier death, resignation or removal. A Director need not be a Member or a Holder and need not be a resident of the State of Delaware. 

5.4 Vacancies; Removal; Resignation. Any Director position to be filled by reason of an increase in the number of Directors or by
any other reason shall be filled by the affirmative vote of the Members holding the Required Interest. A Director elected to fill a vacancy occurring other than by reason of an increase in the number of Directors shall be elected for the unexpired
term of his predecessor in office. Any Director may be removed, with or without cause, by the Members holding the Required Interest. Any Director may resign at any time. Such resignation shall be made in writing and shall take effect at the time
specified therein, or if no time is specified, at the time of its receipt by the remaining Directors. The acceptance of a resignation shall not be necessary to make it effective, unless expressly so provided in the resignation. 

5.5 Board Meetings. 
 (a) Quorum; Voting. A majority of the total number of Directors fixed by, or in the manner provided in, this Agreement shall constitute a quorum for the transaction of business of the Board, and
except as otherwise provided in this Agreement, the act of a majority of the Directors present at a meeting of the Board at which a quorum is present shall be the act of the Board. A Director who is present at a meeting of the Board at which action
on any Company matter is taken shall be presumed to have assented to the action unless his dissent shall be entered in the minutes of the meeting or unless he shall file his written dissent to such action with the Person acting as secretary of the
meeting before the adjournment thereof or shall deliver such dissent to the Company immediately after the adjournment of the meeting. Such right to dissent shall not apply to a Director who voted in favor of such action. 

  
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 (b) Place; Attendance. Meetings of the Board may be held at such place or places as
shall be determined from time to time by resolution of the Board. At all meetings of the Board, business shall be transacted in such order as shall from time to time be determined by resolution of the Directors. Attendance of a Director at a meeting
shall constitute a waiver of notice of such meeting, except where a Director attends a meeting for the express purpose of objecting to the transaction of any business on the ground that the meeting is not lawfully called or convened. 

(c) Meeting In Connection With Member Meeting. In connection with any annual meeting of Members at which Directors were elected,
the Board may, if a quorum is present, hold a first meeting for the transaction of business immediately after and at the same place as such annual meeting of the Members. Notice of such meeting at such time and place shall not be required.

 (d) Time, Place and Notice. Regular meetings of the Board shall be held at such times and places as shall be
designated from time to time by resolution of the Directors, or as requested by the Members holding the Required Interest. Notice of such meetings shall not be required. 
 (e) Special Meetings. Special meetings of the Board may be called by any Director on at least 24 hours’ notice to each other Director. Such notice need not state the purpose or purposes of,
nor the business to be transacted at, such meeting, except as may otherwise be required by law or provided for in this Agreement. 
 5.6 Approval or Ratification of Acts or Contracts by Members. Any Director in his discretion may submit any act or contract for approval or ratification at any meeting of the Board, and any act or
contract that shall be approved or be ratified by the Board shall be as valid and as binding upon the Company and upon all the Members as if it shall have been approved or ratified by every Member of the Company. 

5.7 Action by Written Consent or Telephone Conference. Any action permitted or required by the Act, the Certificate or this
Agreement to be taken at a meeting of the Board or any committee designated by the Board may be taken without a meeting if a consent in writing, setting forth the action to be taken, is signed by not less than the minimum number of Directors or
members of such committee, as the case may be, that would be necessary to take such action at a meeting at which all Directors or members of such committee, as the case may be, were present and voted. Such consent shall have the same force and
effect as a vote at a meeting and may be stated as such in any document or instrument filed with the Secretary of State of Delaware, and the execution of such consent shall constitute attendance or presence in person at a meeting of the Board or any
such committee, as the case may be. Prompt notice of the taking of any action without a meeting by less than unanimous written consent will be given to those Directors or members of such committee, as applicable, who did not consent in writing to
such action. Subject to the requirements of the Act, the Certificate or this Agreement for notice of meetings, unless otherwise restricted by the Certificate, the Directors or members of any committee designated by the Board may participate in and
hold a meeting of the Board or any 

  
 14 

 
committee of Directors, as the case may be, by means of a conference telephone or similar communications equipment by means of which all persons participating in the meeting can hear each other,
and participation in such meeting shall constitute attendance and presence in person at such meeting, except where a person participates in the meeting for the express purpose of objecting to the transaction of any business on the ground that the
meeting is not lawfully called or convened. 
 5.8 Compensation. The Board shall have the authority to fix the
compensation of Directors, including, without limitation, a stated salary or other compensation for attendance at each meeting of the Board or a stated annual salary as a Director; provided that no such compensation shall be payable to any
Director who is a management employee of the Company or its Subsidiaries. Upon submission of reasonable documentation, a Director shall be paid his or her reasonable out-of-pocket expenses, if any, of attendance at each meeting of the Board. None of
the foregoing payments shall preclude any Director from serving the Company in any other capacity and receiving compensation therefor. Members of special or standing committees may, as determined by the Board, be allowed like compensation for
attending committee meetings. 
 5.9 Officers. 
 (a) Designation and Appointment. The Board may (but need not), from time to time, designate and appoint one or more persons as an officer of the Company. An officer need not be a resident of the State of
Delaware, a Holder nor a Director. Any officers so designated shall have such authority and perform such duties as the Board may, from time to time, delegate to them. The Board may assign titles (including chairman, chief executive officer,
president, vice president, secretary, assistant secretary, treasurer and assistant treasurer) to particular officers. Unless the Board otherwise decides, if the title is one commonly used for officers of a business corporation formed, the assignment
of such title shall constitute the delegation to such officer of the authority and duties that are normally associated with that office, subject to (i) any specific delegation of authority and duties made to such officer by the Board pursuant
to the third sentence of this Section 5.9(a) and (ii) any delegation of authority and duties made to one or more officers pursuant to the terms of Section 5.2(e). Each officer shall hold office until such officer’s
successor shall be duly designated and shall qualify or until such officer’s death or until such officer shall resign or shall have been removed in the manner hereinafter provided. Any number of offices may be held by the same individual. The
salaries or other compensation, if any, of the officers and agents of the Company shall be fixed from time to time by the Board. 
 (b) Resignation. Any officer (subject to any contract rights available to the Company, if applicable) may resign as such at any time. Such resignation shall be made in writing and shall take effect
at the time specified therein, or if no time be specified, at the time of its receipt by the Board. The acceptance of a resignation shall not be necessary to make it effective, unless expressly so provided in the resignation. Any officer may be
removed as such, either with or without cause, by the Board in its discretion at any time; provided, however, that such removal shall be without prejudice to the contract rights, if any, of the individual so removed. Designation of an officer
shall not of itself create contract rights. Any vacancy occurring in any office of the Company may be filled by the Board. 

  
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 5.10 Reliance by Third Parties. Any Person dealing with the Company, other than a
Holder, may rely on the authority of the Board (or any Director or officer authorized by the Board) in taking any action in the name of the Company without inquiry into the provisions of this Agreement or compliance herewith, regardless of whether
that action actually is taken in accordance with the provisions of this Agreement. Every agreement, instrument or document executed by the Board (or any Director or officer authorized by the Board) in the name of the Company with respect to any
business or property of the Company shall be conclusive evidence in favor of any Person relying thereon or claiming thereunder that (i) at the time of the execution or delivery thereof, this Agreement was in full force and effect,
(ii) such agreement, instrument or document was duly executed according to this Agreement and is binding upon the Company and (iii) the Board or such Director or officer was duly authorized and empowered to execute and deliver such
agreement, instrument or document for and on behalf of the Company. 
 ARTICLE VI—MEETINGS OF MEMBERS 

6.1 Lack of Authority. No Holder or Member (in its capacity as such) has the authority or power to act for or on behalf of the
Company, to do any act that would be binding on the Company or to make any expenditures on behalf of the Company, unless (i) such specific authority has been expressly granted to and not revoked from such Person by the Board or (ii) such
specific authority has been expressly granted to such Person pursuant to this Agreement, and the Holders hereby consent to the exercise by the Board of the powers conferred on them by law and this Agreement. 

6.2 Member Meetings. 
 (a) Quorum; Voting. A quorum shall be present at a meeting of Members if the Members holding a Required Interest are represented at the meeting in person or by proxy. With respect to any matter,
other than a matter for which the affirmative vote of the holders of a specified portion of all Members entitled to vote is required by the Act, the affirmative vote of the Members holding the Required Interest at a meeting of Members at which a
quorum is present shall be the act of the Members. 
 (b) Place; Attendance. All meetings of the Members shall be held at
the principal place of business of the Company or at such other place within or outside the State of Delaware as shall be specified or fixed in the notices or waivers of notice thereof; provided that any or all Members may participate in any
such meeting by means of conference telephone or similar communications equipment pursuant to Section 6.5. 
 (c)
Power to Adjourn. Notwithstanding the other provisions of the Certificate or this Agreement, the chairman of the meeting or the Members holding the Required Interest shall have the power to adjourn such meeting from time to time, without any
notice other than announcement at the meeting of the time and place of the holding of the adjourned meeting. If such meeting is adjourned by the Members, such time and place shall be determined by a vote of the Members holding the Required Interest.
Upon the resumption of such adjourned meeting, any business may be transacted that might have been transacted at the meeting as originally called. 

  
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 (d) Meetings. Meetings of the Members for any proper purpose or purposes may be
called at any time by the Board or by Members holding the Required Interest. If not otherwise stated in or fixed in accordance with the remaining provisions hereof, the record date for determining Members entitled to call a special meeting is the
date any Member first signs the notice of that meeting. Only business within the purpose or purposes described in the notice (or waiver thereof) required by this Agreement may be conducted at a meeting of the Members. 

(e) Notice. Written or printed notice stating the place, day and hour of the meeting and the purpose or purposes for which the
meeting is called, shall be delivered not less than ten nor more than 60 days before the date of the meeting, either personally or by mail, by or at the direction of the Board, to each Member entitled to vote at such meeting. If mailed, any such
notice shall be deemed to be delivered when deposited in the United States mail, addressed to the Member at its address provided for in Section 12.5, with postage thereon prepaid. 

(f) Fixing of Record Date. The date on which notice of a meeting of Members is mailed or the date on which the resolution of the
Directors declaring a Distribution is adopted, as the case may be, shall be the record date for the determination of the Members entitled to notice of or to vote at such meeting (including any adjournment thereof) or the Members entitled to receive
such Distribution. 
 (g) No Cumulative Voting. There shall be no cumulative voting in the election of Directors
hereunder. 
 6.3 Proxies. A Member may vote either in person or by proxy executed in writing by the Member. A telegram,
telex, cablegram or similar transmission by the Member, or a photographic, photo static, facsimile or similar reproduction of a writing executed by the Member shall be treated as an execution in writing for purposes of this Section. Proxies for use
at any meeting of Members or in connection with the taking of any action by written consent shall be filed with the Board, before or at the time of the meeting or execution of the written consent as the case may be. All proxies shall be received and
taken charge of and all ballots shall be received and canvassed by the Board, who shall decide all questions concerning the qualification of voters, the validity of the proxies and the acceptance or rejection of votes, unless an inspector or
inspectors shall have been appointed by the chairman of the meeting, in which event such inspector or inspectors shall decide all such questions. No proxy shall be valid after eleven months from the date of its execution unless otherwise provided in
the proxy. A proxy shall be revocable unless the proxy form conspicuously states that the proxy is irrevocable and the proxy is coupled with an interest. Should a proxy designate two or more Persons to act as proxies, unless that instrument shall
provide to the contrary, a majority of such Persons present at any meeting at which their powers thereunder are to be exercised shall have and may exercise all the powers of voting or giving consents thereby conferred, or if only one be present,
then such powers may be exercised by that one; or, if an even number attend and a majority do not agree on any particular issue, the Company shall not be required to recognize such proxy with respect to such issue if such proxy does not specify how
the Units that are the subject of such proxy are to be voted with respect to such issue. 

  
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 6.4 Conduct of Meetings. The Chairman of the Board shall preside at all meetings of
the Members, or in his absence, the Members attending the meeting shall elect their own chairman of the meeting. The Secretary of the Company shall act as secretary of all meetings of the Members and keep the minutes. In the absence of the
Secretary, the chairman of the meeting may appoint any person to act as the secretary of the meeting. 
 6.5 Action by
Written Consent or Telephone Conference. 
 (a) Action By Written Consent. Any action required or permitted to be
taken at any annual or special meeting of Members may be taken without a meeting, without prior notice and without a vote, if a consent or consents in writing, setting forth the action so taken, shall be signed by the Member or Members holding not
less than the minimum percentages of Units or each class of Units that would be necessary to take such action at a meeting at which all Members entitled to vote on the action were present and voted. Every written consent shall bear the date of
signature of each Member who signs the consent. No written consent shall be effective to take the action that is the subject to the consent unless, within 60 days after the date of the earliest dated consent delivered to the Company in the manner
required by this Section, a consent or consents signed by the Member or Members holding not less than the minimum percentages of Units or each class of Units that would be necessary to take the action that is the subject of the consent are delivered
to the Company by delivery to its registered office, its principal place of business or the Board. Delivery shall be by hand or certified or registered mail, return receipt requested. Delivery to the Company’s principal place of business shall
be addressed to a Director. A telegram, telex, cablegram or similar transmission by a Member, or a photographic, photo static, facsimile or similar reproduction of a writing signed by a Member, shall be regarded as signed by the Member for purposes
of this Section. Prompt notice of the taking of any action by Members without a meeting by less than unanimous written consent shall be given to those Members entitled to vote on such action and who did not consent in writing to the action.

 (b) Fixing of Record Date. The record date for determining Members entitled to consent to action in writing without a
meeting shall be the first date on which a signed written consent setting forth the action taken or proposed to be taken is delivered to the Company by delivery to its registered office, its principal place of business, or the Board. Delivery shall
be by hand or by certified or registered mail, return receipt requested. Delivery to the Company’s principal place of business shall be addressed to a Director. 
 (c) State Filings. If any action by Members is taken by written consent, any certificate or documents filed with the Secretary of State of Delaware as a result of the taking of the action shall
state, in lieu of any statement required by the Act concerning any vote of Members, that written consent has been given in accordance with the provisions of the Act and that any written notice required by the Act has been given. 

(d) Telephone Conference. Members may participate in and hold a meeting by means of conference telephone or similar communications
equipment by means of which all Persons participating in the meeting can hear each other, and participation in such meeting shall constitute attendance and presence in person at such meeting, except where a Person participates in the meeting for the
express purpose of objecting to the transaction of any business on the ground that the meeting is not lawfully called or convened. 

  
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 ARTICLE VII—LIMITED LIABILITY, EXCULPATION, AND INDEMNIFICATION 

7.1 Limited Liability of Members. 
 (a) Limitation of Liability. Except as otherwise required by applicable law and as explicitly set forth in this Agreement, the debts, liabilities, commitments and other obligations of the Company,
whether arising in contract, tort or otherwise, shall be solely the debts, obligations and liabilities of the Company, and no Member or Holder shall have any personal liability whatsoever in its capacity as a Member or Holder, whether to the
Company, to any of the other Members or Holders, to the creditors of the Company or to any other Person, for the debts, liabilities, commitments or any other obligations of the Company or for any Losses of the Company. Accordingly, a Member or
Holder shall be liable only to make its Capital Contributions to the Company required pursuant to the terms hereof and the other payments expressly provided for herein. 
 (b) Observance of Formalities. Notwithstanding anything contained herein to the contrary, the failure of the Company, or any Director or Holder, to observe any formalities or procedural or other
requirements relating to the exercise of its powers or management of the Company’s business and affairs under this Agreement or the Act shall not be grounds for imposing personal liability on any of the Members or Holders. 

(c) Return of Distributions. In accordance with the Act and the laws of the State of Delaware, a member of a limited liability
company may, under certain circumstances, be required to return amounts previously distributed to such member. It is the intent of the Holders that no Distribution to any Holder pursuant to Article IV hereof shall be deemed a return of money
or other property paid or distributed in violation of the Act. The payment of any such Distribution of money or property to a Holder shall be deemed to be a compromise within the meaning of the Act, and the Holder receiving any such money or
property shall not be required to return to any Person any such money or property. However, if any court of competent jurisdiction holds that, notwithstanding the provisions of this Agreement, any Holder is obligated to make any such payment, such
obligation shall be the obligation solely of such Holder and not of any other Holder or Director. Notwithstanding the foregoing, a Holder will be required to return to the Company any Distribution to the extent made to it in clear and manifest
accounting, clerical, or other similar error (as determined in good faith by the Board). 
 7.2 Exculpation of Covered
Persons. The personal liability of any Covered Person to any Director, the Company or to any Member or Holder for any loss suffered by the Company or any monetary damages for breach of fiduciary duties is hereby eliminated to the fullest extent
permitted by the Act. The Covered Persons shall not be liable for errors in judgment. Any Covered Person may consult with counsel and accountants and any Member, Director, officer, employee or committee of the Company or other professional expert in
respect of Company affairs, and provided the Covered Person acts in good faith reliance upon the advice or opinion of such counsel or accountants or other persons, the Covered Person shall not be

  
 19 

 
liable for any loss suffered by the Company in reliance thereon. If the Act is hereafter amended or interpreted to permit further limitation of the liability of a Covered Person beyond the
foregoing, then this paragraph shall be interpreted to limit the personal liability of the Covered Person to the fullest extent permitted by the Act, as amended (but, in the case of any such amendment, only to the extent that such amendment permits
the Company to limit the personal liability of the Covered Person to a greater extent than that permitted by said law prior to such amendment). In furtherance of, and without limiting the generality of the foregoing, no Covered Person shall be
(a) personally liable for the debts, obligations or liabilities of the Company, including any such debts, obligations or liabilities arising under a judgment, decree or order of a court; (b) obligated to cure any deficit in any Capital
Account; (c) required to return all or any portion of any Capital Contribution; or (d) required to lend any funds to the Company. 
 7.3 Right to Indemnification for Covered Persons. Subject to the limitations and conditions as provided in this Article VII, each Person who was or is made a party or is threatened to
be made a party to or is involved in any threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative, arbitrative (hereinafter a “Proceeding”), or any appeal in such a Proceeding or any inquiry or
investigation that could lead to such a Proceeding, by reason of the fact that he or she, or a Person of whom he or she is the legal representative, is or was a Covered Person or while a Covered Person is or was serving at the request of the Company
as a manager, director, officer, partner, venturer, proprietor, trustee, employee, agent or similar functionary of another foreign or domestic limited liability company, corporation, partnership, joint venture, sole proprietorship, trust, employee
benefit plan or other enterprise shall be indemnified by the Company to the fullest extent permitted by the Act, as the same exists or may hereafter be amended (but, in the case of any such amendment, only to the extent that such amendment permits
the Company to provide broader indemnification rights than said law permitted the Company to provide prior to such amendment) against judgments, penalties (including excise and similar taxes and punitive damages), fines, settlements and reasonable
expenses (including, without limitation, attorneys’ fees) actually incurred by such Person in connection with such Proceeding, and indemnification under this Article VII shall continue as to a Person who has ceased to serve in the
capacity that initially entitled such Person to indemnity hereunder; provided that no such Person shall be indemnified for any judgments, penalties, fines, settlements or expenses (i) to the extent attributable to conduct for which
indemnification would not be permitted under the Act or other applicable law, (ii) for any present or future breaches of any representations, warranties or covenants by such Person contained in this Agreement or in any other agreement with the
Company, or (iii) in any action (except an action to enforce indemnification rights set forth in this Section 7.3) brought by such Person. It is expressly acknowledged that the indemnification provided in this Article could involve
indemnification for negligence or under theories of strict liability. 
 7.4 Contract with Company. The rights granted
pursuant to this Article VII shall be deemed contract rights, and no amendment, modification or repeal of this Article shall have the effect of limiting or denying any such rights with respect to actions taken or Proceedings arising prior to
any amendment, modification or repeal. 
 7.5 Advance Payment. The right to indemnification conferred in this
Article VII shall include the right to be paid or reimbursed by the Company the reasonable expenses incurred by a Person of the type entitled to be indemnified under Section 7.3 who was, is or is threatened to be made a named
defendant or respondent in a Proceeding in advance of the final disposition 

  
 20 

 
of the Proceeding and without any determination as to the Person’s ultimate entitlement to indemnification; provided, however, that the payment of such expenses incurred by any such
Person in advance of the final disposition of a Proceeding shall be made only upon delivery to the Company of a written affirmation by such Person of his or her good faith belief that he has met the standard of conduct necessary for indemnification
under Article VII and a written undertaking, by or on behalf of such Person, to repay all amounts so advanced if it shall ultimately be determined that such indemnified Person is not entitled to be indemnified under this Article VII or
otherwise. 
 7.6 Indemnification of Employees and Agents. The Company, by adoption of a resolution of the Board, may
indemnify and advance expenses to any employees or agents of the Company who are not or were not Covered Persons but who are or were serving at the request of the Company as a manager, director, officer, partner, venturer, proprietor, trustee,
employee, agent or similar functionary of another foreign or domestic limited liability company, corporation, partnership, joint venture, sole proprietorship, trust, employee benefit plan or other enterprise against liabilities and expenses asserted
against such Person and incurred by such Person in such a capacity or arising out of their status as such a Person, to the same extent that it may indemnify and advance expenses to Covered Persons under this Article VII. 

7.7 Appearance as a Witness. Notwithstanding any other provision of this Article VII, the Company may pay or reimburse
expenses incurred by a Covered Person in connection with the appearance as a witness or other participation in a Proceeding at a time when such Covered Person is not a named defendant or respondent in the Proceeding. 

7.8 Nonexclusivity of Rights. The right to indemnification and the advancement and payment of expenses conferred in this
Article VII shall not be exclusive of any other right that a Covered Person or other Person indemnified pursuant to Section 7.6 may have or hereafter acquire under any law (common or statutory), provision of the Certificate or
this Agreement, any agreement, vote of Members or disinterested Directors or otherwise. 
 7.9 Insurance. The Company may
purchase and maintain insurance, at its expense, to protect itself and any Person who is or was serving as a Covered Person or is or was serving at the request of the Company as a manager, director, officer, partner, venturer, proprietor, trustee,
employee, agent or similar functionary of another foreign or domestic limited ability company, corporation, partnership, joint venture, sole proprietorship, trust, employee benefit plan or other enterprise against any expense, liability or loss,
whether or not the Company would have the power to indemnify such Person against such expense, liability or loss under this Article VII. 
 7.10 Savings Clause. If this Article VII or any portion hereof shall be invalidated on any ground by any court of competent jurisdiction, then the Company shall nevertheless indemnify and
hold harmless each Director or any other Person indemnified pursuant to this Article VII as to costs, charges and expenses (including attorneys’ fees), judgments, fines and amounts paid in settlement with respect to any action, suit or
proceeding, whether civil, criminal, administrative or investigative to the full extent permitted by any applicable portion of this Article VII that shall not have been invalidated and to the fullest extent permitted by applicable law. 

  
 21 

 7.11 Investment Opportunities; Conflicts of Interest. 

(a) Directors. Subject to the other express provisions of this Agreement and of any agreement entered into by a Member with the
Company or its Subsidiaries or Affiliates, each Director of the Company at any time and from time to time may engage in and own interests in other business ventures of any and every type and description, independently or with others (including ones
in competition with the Company) with no obligation to offer to the Company or any other Member, Holder, Director or officer the right to participate therein. 
 (b) FPH. The Holders expressly acknowledge that, subject to the other express provisions of this Agreement, (i) FPH and its respective Affiliates are permitted to have, and may presently or in
the future have, investments or other business relationships with entities engaged in the forestry products business (including in areas in which the Company or any of its Subsidiaries may in the future engage in business), and in related businesses
other than through the Company or any of its Subsidiaries (an “Other Business”), (ii) FPH and its respective Affiliates have and may develop a strategic relationship with businesses that are and may be competitive with the
Company or any of its Subsidiaries, (iii) none of FPH or its respective Affiliates (including their respective representatives serving on the Board) will be prohibited by virtue of their investments in the Company or its Subsidiaries or their
service on the Board from pursuing and engaging in any such activities, (iv) none of FPH or its respective Affiliates (including their respective representatives serving on the Board) will be obligated to inform the Company, or any Member,
Holder, Director, or officer of any such opportunity, relationship or investment, (v) neither the Company nor any other Member, Holder, Director or officer will acquire or be entitled to any interest or participation in any Other Business as a
result of the participation therein of any of FPH or its respective Affiliates and (vi) the involvement of FPH or its respective Affiliates (including their respective representatives serving on the Board) in any Other Business will not
constitute a conflict of interest by such Persons with respect to the Company, any of its Subsidiaries or its Members or Holders. 
 (c) Transactions with the Company. The Company may transact business with any Director, Member, Holder or officer or any Affiliate thereof; provided that the terms of such transactions are
no less favorable than those the Company could obtain on an arm’s-length basis from unrelated third parties. 
 ARTICLE
VIII—TAX MATTERS 
 8.1 Tax Returns. The Board shall cause to be prepared and filed all necessary federal and
state income tax and other tax returns for the Company, including making any elections the Board may deem appropriate and in the best interests of the Members. Each Holder shall furnish to the Board all pertinent information in its possession
relating to Company operations that is necessary to enable the Company’s income tax and other tax returns to be prepared and filed. 
 8.2 Tax Matters Member. Unless and until the Members shall otherwise unanimously agree, FPH shall be the “tax matters partner” of the Company pursuant to Section 6231(a)(7) of the
Code (the “Tax Matters Member”). 

  
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 (a) Authority of Tax Matters Member. The Tax Matters Member is authorized to
represent the Company before the Internal Revenue Service and any other governmental agency with jurisdiction, and to sign such consents and to enter into settlements and other agreements with such agencies as the Board deems necessary or advisable.

 (b) Tax Elections. The Tax Matters Member may, in its sole discretion, make or revoke any election under the Code or
the Treasury Regulations issued thereunder (including for this purpose any new or amended Treasury Regulations issued after the date of formation of the Company), including, without limitation, an election to be taxed as a corporation for U.S.
federal income tax purposes pursuant to Treasury Regulation Section 301.7701-3. 
 (c) Reimbursement of Expenses.
Promptly following the written request of the Tax Matters Member, the Company shall, to the fullest extent permitted by law, reimburse and indemnify the Tax Matters Member for all reasonable expenses, including reasonable legal and accounting fees,
claims, liabilities, losses and damages incurred by the Tax Matters Member in connection with any administrative or judicial proceeding (i) with respect to the tax liability of the Company and/or (ii) with respect to the tax liability of
the Holders in connection with the operations of the Company. 
 (d) Survival of Provisions. The provisions of this
Section 8.2 shall survive the termination of the Company or the termination of any Holder’s interest in the Company and shall remain binding on the Holders for as long a period of time as is necessary to resolve with the Internal
Revenue Service any and all matters regarding the Federal income taxation or other taxes of the Company or the Holders. 

8.3 Indemnification and Reimbursement for Payments on Behalf of a Holder. If the Company is obligated to pay any amount to a
governmental agency (or otherwise makes a payment) because of a Holder’s status or otherwise· specifically attributable to a Holder (including, without limitation, federal withholding taxes with respect to foreign Persons, state personal
property taxes, state personal property replacement taxes, state withholding taxes, state unincorporated business taxes, etc.), then such Holder (the “Indemnifying Holder”) shall indemnify the Company in full for the entire amount
paid (including, without limitation, any interest, penalties and expenses associated with such payments). The amount to be indemnified shall be charged against the Capital Account of the Indemnifying Holder, and, at the option of the Board, either:

 (a) promptly upon notification of an obligation to indemnify the Company, the Indemnifying Holder shall make a cash payment to
the Company equal to the full amount to be indemnified (and the amount paid shall be added to the Indemnifying Holder’s Capital Account but shall not be treated as a Capital Contribution), or 

(b) the Company shall reduce distributions which would otherwise be made to the Indemnifying Holder, until the Company has recovered the
amount to be indemnified (and, notwithstanding Section 3.1, the amount withheld shall not be treated as a Capital Contribution). 

  
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 A Holder’s obligation to make contributions to the Company under this
Section 8.3 shall survive the termination, dissolution, liquidation and winding up of the Company, and for purposes of this Section 8.3, the Company shall be treated as continuing in existence. The Company may pursue and enforce
all rights and remedies it may have against each Holder under this Section 8.3, including instituting a lawsuit to collect such contribution with interest calculated at a rate equal to the Base Rate plus three percentage points per annum (but
not in excess of the highest rate per annum permitted by law). 
 ARTICLE IX—BOOKS AND RECORDS, REPORTS, AND
CONFIDENTIALITY 
 9.1 Maintenance of Books. 
 (a) Books and Records. The Company shall keep books and records of account and shall keep minutes of the proceedings of, or maintain written consents executed by, its Members, the Board and each
committee of the Board. The calendar year shall be the accounting year of the Company. 
 (b) Schedule of Members. The
Company will maintain, and as required update, the attached Schedule of Members, which sets forth with respect to each Member their respective name, address, number and class of Units owned by such Member and the amount of Capital
Contributions made by such Member with respect thereto. Unless otherwise determined by the Board, the Schedule of Members will be and remain confidential, and each Member hereby accepts, acknowledges and agrees that, notwithstanding anything
herein to the contrary, it will have no right to view or obtain the Schedule of Members or otherwise obtain any such information relating to any Member other than itself. 

9.2 Reports. 
 (a) Tax Information. To the extent reasonably practicable, within 90 days after the end of each Taxable Year, the Company shall prepare and mail to each Holder and, to the extent necessary, to each
former Holder (or such Holder’s legal representatives), a report setting forth in sufficient detail such information as shall enable such Holder or former Holder (or such Holder’s legal representatives) to prepare its respective federal,
state, and local income tax returns in accordance with the laws, rules, and regulations then prevailing. The Company shall also provide Form K-ls to each of the Holders as soon as reasonably practicable after the end of each Taxable Year.

 (b) Cost of Reports; No Additional Information. The Company shall bear the costs of all reports and other information
provided pursuant to this Section 9.2. Except as otherwise provided in this Section 9.2, each Member hereby waives any and all rights under the Act entitling such Member to additional information from or access to the Company.

 9.3 Company Funds. The Board may not commingle the Company’s funds with the funds of any Holder, Director or any
officer. 

  
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 9.4 Confidentiality. Each Holder recognizes and acknowledges that it may
receive certain confidential and proprietary information and trade secrets of the Company and its Subsidiaries, including but not limited to confidential information of the Company and its Subsidiaries regarding identifiable, specific and discrete
business opportunities being pursued by the Company or its Subsidiaries (the “Confidential Information”). Each Holder (on behalf of itself and, to the extent that such Holder would be responsible for the acts of the following
persons under principles of agency law, its directors, officers, shareholders, partners, employees, agents and members) agrees that it will not, during or after the term of this Agreement, whether through an Affiliate or otherwise, take commercial
or proprietary advantage of or profit from any Confidential Information or disclose Confidential Information to any Person for any reason or purpose whatsoever, except (i) to authorized representatives and employees of the Company or the
Subsidiaries and as otherwise may be proper in the course of performing such Holder’s obligations, or enforcing such Holder’s rights, under this Agreement, (ii) as part of such Holder’s normal reporting or review procedure, or in
connection with such Holder’s or such Holder’s Affiliates’ normal fund raising, marketing, informational or reporting activities, or to such Holder’s (or any of its Affiliates’) Affiliates, employees, auditors, attorneys or
other agents, (iii) to any bona fide prospective purchaser of the equity or assets of such Holder or its Affiliates or the Units held by such Holder, or prospective merger partner of such Holder or its Affiliates, provided that such purchaser
or merger partner agrees to be bound by the provisions of this Section 9.4 or (iv) as is required to be disclosed by order of a court of competent jurisdiction, administrative body or governmental body, or by subpoena, summons or
legal process, or by law, rule or regulation, provided that the Holder required to make such disclosure shall provide to the Board prompt notice of such requirement. For purposes of this Section 9.4, Confidential Information shall
not include any information of which (x) such Person became aware prior to its affiliation with the Company, (y) such Person learns from sources other than the Company or its Subsidiaries, (provided that such Person does not know or
have reason to know, at the time of such Person’s disclosure of such information, that such information was acquired by such source through violation of law, or breach of contractual confidentiality obligations or breach of fiduciary duties) or
(z) is disclosed in a prospectus or other documents for dissemination to the public. Nothing in this Section 9.4 shall in any way limit or otherwise modify any confidentiality covenants entered into by the Management Members
pursuant to the Management Equity Agreements or any other agreement entered into with the Company or its Subsidiaries. 

ARTICLE X—TRANSFERS; ADMISSION OF MEMBERS 
 10.1 Transfers. 
 (a) Generally. THE TRANSFER OF ANY INTEREST IN THE COMPANY
IS SUBJECT TO THE RESTRICTIONS ON TRANSFER CONTAINED IN THIS AGREEMENT AND, WITH RESPECT TO CERTAIN HOLDERS PARTY HERETO, THE SECURITYHOLDERS AGREEMENT (WHICH RESTRICTIONS ARE INCORPORATED HEREIN BY REFERENCE). THE BOARD, IN ITS SOLE DISCRETION, MAY

  
 25 

 
PROHIBIT ANY PROPOSED TRANSFER OF AN EQUITY INTEREST IF SUCH TRANSFER FAILS TO SATISFY ONE OF THE SAFE HARBORS SET FORTH IN TREASURY REGULATION SECTION 1.7704-l(e)—(j) OR IF SUCH
TRANSFER COULD OTHERWISE CREATE A RISK THAT THE COMPANY COULD BE TREATED AS A PUBLICLY TRADED PARTNERSHIP WITHIN THE MEANING OF CODE SECTION 7704. 
 (b) Restrictions on Transfers. The offer, sale, transfer, assignment, pledge or other disposition of any interest in any Unit (whether with or without consideration and whether voluntarily or
involuntarily or by operation of law), directly or indirectly, is referred to herein as a “Transfer.” So long as the Securityholders Agreement is in effect, no Holder of Common Units that is party to the Securityholders Agreement
shall Transfer any interest in any Units, except as permitted pursuant to the terms of the Securityholders Agreement. 
 10.2
Incorporation of the Company. The Board may, in advance of, and in order to facilitate, a Public Offering of securities of the Company, or for other reasons that the Board deems to be in the best interests of the Company, cause the Company to
incorporate its business, or any portion thereof, including, without limitation, by way of: (a) the Transfer of all of the assets of the Company, subject to the liabilities of the Company, or the Transfer of any portion of such assets and
liabilities, to one or more corporations in exchange for equity interests of said corporation(s) and the subsequent distribution of such equity interests, at such time as the Board may determine, to the Holders in accordance with this Agreement,
(b) Transfer by each of the Holders of Units held by such Holder to one or more corporations in exchange for equity interests of said corporation(s) and, in connection therewith, each Holder hereby agrees to the Transfer of its Units in
accordance with the terms of exchange as provided by the Board and further agrees that, as of the effective date of such exchange, any Units outstanding thereafter that shall not have been tendered for exchange shall represent only the right to
receive a certificate representing the number of equity interests of said corporation(s) as provided in the terms of the exchange, (c) the merger of the Company with and into a corporation as a result of which the Holders receive as merger
consideration equity interests of such corporation, as the surviving entity to the merger, which merger shall not be required to be approved by the Members, (d) if the only assets of the Company consist of cash and stock of a corporation,
dissolve the Company and distribute such cash and shares of stock to the Holders, or (e) the conversion of the Company to a corporation or other entity pursuant to applicable law, which conversion shall not be required to be approved by
Members; provided that the organizational documents of any such new corporation or entity, its equity interests and/or a shareholders’ or other agreement, as appropriate, will in all material respects reflect and be consistent with the
terms and provisions applicable to each Holder’s ownership of Units immediately prior to such transaction; provided further, that each Holder is, as a result of such transaction, in substantially the same ownership position with respect
to the Company (or its successor) as it was in immediately prior to such transaction. Each Holder will take all reasonable actions in connection with the consummation of such conversion as requested by the Board. 

10.3 Void Assignment. Any sale, exchange or other transfer by any Holder of any Units or other interests in the Company in
contravention of this Agreement shall be void and ineffectual and shall not bind or be recognized by the Company or any other party. No such purported assignee shall have any right to any Profits, Losses or Distributions of the Company. 

  
 26 

 10.4 Effect of Valid Assignment. 

(a) Assignment. A Transfer of Units permitted hereunder shall be effective as of the date of assignment and compliance with the
conditions to such Transfer. Profits, Losses and other Company items shall be allocated between the assignor and the assignee according to Code Section 706. Distributions made before the effective date of such Transfer shall be paid to the
assignor, and Distributions made after such date shall be paid to the assignee. 
 (b) Record Owner. Notwithstanding the
foregoing, the Company and the Board shall be entitled to treat the record owner of any Units or other interest in the Company as the absolute owner thereof and shall incur no liability for Distributions of cash or other property made in good faith
to such owner until such time as a written assignment of such Units or other interest in the Company, which assignment is permitted pursuant to the terms and conditions of this Article X, has been received and accepted by the Board and
recorded on the books of the Company. 
 (c) Rights and Obligations of Assignee. Unless and until an assignee becomes a
substituted Member pursuant to Section 10.5, the assignee shall not be entitled to any of the rights granted to a Member hereunder or under applicable law, other than the rights granted specifically to assignees pursuant to this
Agreement or pursuant to the Act; provided that without relieving the assigning Holder from any such limitations or obligations, as more fully described in Section 10.4(e) hereof, such assignee shall be bound by any limitations
and obligations of a Holder contained herein by which a Member or other Holder would be bound on account of the assignee’s interest in the Company (including the obligation to make required Capital Contributions with respect to any transferred
Units). 
 (d) Acceptance of Benefits. Any Person who acquires in any manner whatsoever any Units or other interest in
the Company, irrespective of whether such Person has accepted and adopted in writing the terms and provisions of this Agreement, shall be deemed by the acceptance of the benefits of the acquisition thereof to have agreed to be subject to and bound
by all the terms and conditions of this Agreement that any predecessor in such Units or other interest in the Company of such Person was subject to or by which such predecessor was bound. 

(e) Rights and Obligations of Assignor. Any Member or Holder who shall assign any Units or other interest in the Company shall
cease to be a Member or Holder of the Company with respect to such Units or other interest and shall no longer have any rights or privileges of a Member or Holder with respect to such Units or other interest, except that the applicable provisions of
Article VII shall continue to inure to the benefit of such Member or Holder in accordance with the terms thereof. Unless and until such an assignee is admitted as a substituted Member in accordance with the provisions of
Section 10.5 hereof, (i) such assigning Holder shall retain all of the duties, liabilities and obligations of a Holder with respect to such Units or other interest, including, without limitation, the obligation (together with its
assignee, pursuant to Section 10.4(c) hereof) to make and return Capital Contributions on account of such Units or other interest pursuant to the terms of this Agreement and (ii) the Board may, in its sole discretion, reinstate all
or any portion of the rights and privileges of such Holder with respect to such Units or other interest for any period of time prior to the date such assignee becomes a substituted Member. Nothing contained herein shall relieve any Holder who
transfers any Units 

  
 27 

 
or other interest in the Company from any liability of such Holder to the Company or the other Holders with respect to such Units or other interest that may exist on the date such assignee
becomes a substituted Member or that is otherwise specified in the Act and incorporated into this Agreement or for any liability to the Company or any other Person for any materially false statement made by such Holder (in its capacity as such) in
any Management Equity Agreement or for any present or future breaches of any representations, warranties or covenants by such Holder (in its capacity as such) contained herein or in the other agreements with the Company. 

10.5 Admission of Substituted Member. 
 (a) Admission. An assignee of any Units or other interests in the Company of a Member, or any portion thereof, shall become a substituted Member entitled to all the rights of a Member if and only
if (i) the assignor gives the assignee such right, (ii) the Board has granted its prior written consent to such assignment and substitution, which consent may be withheld in the sole discretion of the Board, and (iii) such assignee
shall execute and deliver a counterpart of this Agreement agreeing to be bound by all of the terms and conditions of this Agreement, and such other documents and instruments as may be necessary or appropriate to effect such Person’s admission
as a substituted Member, in form satisfactory to the Board. Any such assignee will become a substituted Member on the later of (i) the effective date of Transfer, and (ii) the date on which all of the conditions set forth in the preceding
sentence have been satisfied. 
 (b) Update Schedule of Members. Upon the admission of a substituted Member, the
Schedule of Members attached hereto shall be amended to reflect the name, address, number and class of Units and amount of Capital Contributions of such substituted Member and to eliminate the name and address of and other information
relating to the assigning Member with regard to the assigned Units and other interests in the Company. 
 10.6 Admission of
Additional Members. 
 (a) Admission. A Person may be admitted to the Company as an additional Member only as
contemplated under Section 2.3 hereof and only if such additional Member shall execute and deliver a counterpart of this Agreement agreeing to be bound by all of the terms and conditions of this Agreement, and such other documents and
instruments as may be necessary or appropriate to effect such Person’s admission as an additional Member (including pursuant to a Management Equity Agreement, as applicable, and such other documents referenced therein), in form satisfactory to
the Board. Such admission shall become effective on the date on which the Board determines in its sole discretion that such conditions have been satisfied and when any such admission is shown on the books and records of the Company. 

(b) Updated Schedule of Members. Upon the admission of an additional Member, the Schedule of Members attached hereto shall
be amended to reflect the name, address, number and class of Units and amount of Capital Contributions of such additional Member. 

  
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 10.7 Effect of Incapacity. Except as otherwise provided herein, the Incapacity of a Member
shall not dissolve or terminate the Company. In the event of such Incapacity, the executor, administrator, guardian, trustee or other personal representative of the Incapacitated Member shall be deemed to be the assignee of such Member’s Units
or other interests in the Company and may, subject to the approval of the Board, become a substituted Member upon the terms and conditions set forth in Section 10.5. 
 ARTICLE XI—DISSOLUTION, LIQUIDATION AND TERMINATION 
 11.1
Dissolution. The Company shall be dissolved and its affairs shall be wound up on the first to occur of the following: 
 (a)
a determination by the Board; 
 (b) the written consent of the Members holding the Required Interest; or 

(c) the entry of a decree of judicial dissolution of the Company under Section 18-802 of the Act. 

The Company shall not be dissolved by the admission of additional or substituted Members. The death, retirement, resignation, expulsion, bankruptcy or
dissolution of a Member, or the occurrence of any other event that terminates the continued membership of a Member in the Company, shall not cause a dissolution of the Company. Except as otherwise set forth in this Article XI, the Company is
intended to have perpetual existence. 
 11.2 Liquidation and Termination. On dissolution of the Company, the
Board shall act as liquidators or may appoint one or more Members as liquidator. The liquidators shall proceed diligently to wind up the affairs of the Company and make final distributions as provided herein and in the Act. The costs of liquidation
shall be borne as a Company expense. Until final distribution, the liquidators shall continue to operate the Company properties with all of the power and authority of the Board. The steps to be accomplished by the liquidators are as follows:

 (a) Proper Accounting. As promptly as possible after dissolution and again after final liquidation, the liquidators
shall cause a proper accounting to be made by a recognized firm of certified public accountants of the Company’s assets, liabilities and operations through the last day of the calendar month in which the dissolution occurs or the final
liquidation is completed, as applicable; 
 (b) Notice. The liquidators shall cause the notice described in the Act to be
mailed to each known creditor of and claimant against the Company in the manner described thereunder; 
 (c) Satisfaction of
Liabilities. The liquidators shall pay, satisfy or discharge from Company funds all of the debts, liabilities and obligations of the Company (including, without limitation, all expenses incurred in liquidation) or otherwise make adequate
provision for payment and discharge thereof; 

  
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 (d) Contractual Claims. The liquidators shall make reasonable provision to pay all
contingent, conditional or unmatured contractual claims known to the Company; 
 (e) Compensation for Claims. The
liquidators shall make such provision as will be reasonably likely to be sufficient to provide compensation for any claim against the Company which is the subject of a pending action, suit or proceeding to which the Company is a party; 

(f) Unknown Claims. The liquidators shall make such provision as will be reasonably likely to be sufficient for claims that have
not been made known to the Company or that have not arisen but that, based on facts known to the Company, are likely to arise or to become known to the Company within 10 years after the date of dissolution; and 

(g) Remaining Assets. All remaining assets of the Company shall be distributed to the Holders in accordance with
Section 4.2(b) by the end of the Taxable Year of the Company during which the liquidation of the Company occurs (or, if later, 90 days after the date of the liquidation). 
 All distributions in kind to the Holders shall be made subject to the liability of each distributee for costs, expenses and liabilities theretofore incurred or for which the Company has committed prior to
the date of termination, and those costs, expenses and liabilities shall be allocated to the distributees pursuant to this Section 11.2. The distribution of cash and/or property to a Holder in accordance with the provisions of this
Section 11.2 constitutes a complete return to the Holder of its Capital Contributions and a complete distribution to the Holder of its interest in the Company and all of the Company’s property and constitutes a compromise to which
all Members have consented within the meaning of the Act. To the extent that a Holder returns funds to the Company, it has no claim against any other Holder for those funds. 
 11.3 Cancellation of Certificate. On completion of the Distribution of Company assets as provided herein, the Company shall be terminated, and the Board (or such other Person or Persons as the Act
may require or permit) shall file a certificate of cancellation with the Secretary of State of Delaware, cancel any other filings made pursuant to Section 1.1 or 12.3 and take such other actions as may be necessary to terminate
the Company. 
 11.4 Reasonable Time for Winding Up. A reasonable time shall be allowed for the orderly winding up of the
business and affairs of the Company and the liquidation of its assets pursuant to Section 11.2 hereof in order to minimize any losses otherwise attendant upon such winding up. 

11.5 Return of Capital. The liquidators shall not be personally liable for the return of Capital Contributions or any portion
thereof to the Holders (it being understood that any such return shall be made solely from Company assets). 

  
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 ARTICLE XII—GENERAL PROVISIONS 

12.1 Power of Attorney. 
 (a) Granting of Power of Attorney. Each Holder hereby constitutes and appoints the Board and the liquidators, with full power of substitution, as his true and lawful agent and attorney-in-fact,
with full power and authority in his, her or its name, place and stead, to execute, swear to, acknowledge, deliver, file and record in the appropriate public offices; (i) this Agreement, all certificates and other instruments and all amendments
thereof which are in accordance with the terms of this Agreement and which the Board deems appropriate or necessary to form, qualify, or continue the qualification of, the Company as a limited liability company in the State of Delaware and in all
other jurisdictions in which the Company may conduct business or own property, (ii) all instruments which the Board deems appropriate or necessary to reflect any amendment, change, modification or restatement of this Agreement which is made and
approved in accordance with its terms, (iii) all conveyances and other instruments or documents which the Board deems appropriate or necessary to reflect the dissolution and liquidation of the Company pursuant to the terms of this Agreement,
including a certificate of cancellation and (iv) all instruments relating to the admission, withdrawal or substitution of any Holder pursuant to Article X hereof. 
 (b) Irrevocable. The foregoing power of attorney is irrevocable and coupled with an interest, and shall survive the Incapacity of any Holder and the transfer of all or any portion of his or its
Units and shall extend to such Holder’s heirs, successors, assigns and personal representatives. 
 12.2 [Reserved]

 12.3 Filings. Following the execution and delivery of this Agreement, the Company and the Members shall promptly
prepare any documents required to be filed and recorded under the Act, and the Company and the Members shall promptly cause each such document to be filed and recorded in accordance with the Act and, to the extent required by local law, to be filed
and recorded or notice thereof to be published in the appropriate place in each jurisdiction in which the Company may hereafter establish a place of business. The Company and the Members shall also promptly cause to be filed, recorded and published
such statements of fictitious business name and any other notices, certificates, statements or other instruments required by any provision of any applicable law of the United States or any state or other jurisdiction that governs the conduct of its
business from time to time. 
 12.4 Offset. Whenever the Company or any Subsidiary is to pay any sum to any Holder under
this Agreement or pursuant to any other agreement or right, any amounts that such Holder owes to the Company or any Subsidiary under this Agreement or pursuant to any other agreement or right may be offset against and deducted from that sum before
payment. 

  
 31 

 12.5 Notices. Except as expressly set forth to the contrary in this Agreement,
all notices, requests, or consents provided for or permitted to be given under this Agreement must be in writing and shall be deemed to have been given or made when (a) delivered personally to the recipient, (b) telecopied or delivered by
electronic mail to the recipient (with hard copy sent to the recipient by reputable overnight courier service (charges prepaid) that same day) if telecopied or mailed before 5:00pm Chicago time on a Business Day, and otherwise on the next Business
Day, (c) one Business Day after being sent by reputable overnight courier service (charges prepaid), or (d) five Business Days after being depositing in the United States mail, addressed to the recipient, postage paid, and registered or
certified with return receipt requested. All notices, requests, and consents to be sent to a Member or Holder must be sent to or made at the address given for that Member on the Schedule of Members or Holders on the books and records of the
Company, or such other address as that Member or Holder may specify by notice to the Company and the other Members. Any notice, request, or consent to the Company or the Board must be given to the Board at the following address: 

 

					
	 To the Company

L.L.C.
	  	        Boise Cascade Holdings,	  	
		  	 c/o Madison Dearborn Partners,

LLC Three First National Plaza
 Suite
3800
 Chicago, Illinois 60602
	  	

  
 32 

					
		    	Attention:	 	 Samuel M. Mencoff
 Thomas S.
Souleles

		    	Facsimile:	 	312-895-1056
		    	E-mail:	 	 smencoff@mdcp.com

tsouleles@mdcp.com

		
	 With a copy (which shall not
 constitute notice) to:
	    	 Kirkland & Ellis LLP
 300 N. LaSalle
 Chicago, Illinois 60654

		    	Attention:	 	 Richard J. Campbell
 Jeffrey
W. Richards

		    	Facsimile:	 	(312) 862-2200
		    	E-mail:	 	rcampbell@kirkland.com jrichards@kirkland.com

  
 33 

 Whenever any notice is required to be given by law, the Certificate or this Agreement, a written waiver
thereof, signed by the Person entitled to notice, whether before or after the time stated therein, shall be deemed equivalent to the giving of such notice. 
 12.6 Entire Agreement. This Agreement and the other agreements referred to herein constitute the entire agreement of the Members and their Affiliates relating to the Company and supersede all prior
contracts or agreements with respect to the Company, whether oral or written. 
 12.7 Effect of Waiver or Consent. A
waiver or consent, express or implied, to or of any breach or default by any Person in the performance by that Person of its obligations with respect to the Company is not a consent or waiver to or of any other breach or default in the performance
by that Person of the same or any other obligations of that Person with respect to the Company. Failure on the part of a Person to complain of any act of any Person or to declare any Person in default with respect to the Company, irrespective of how
long that failure continues, does not constitute a waiver by that Person of its rights with respect to that default until the applicable statute-of-limitations period has run. 
 12.8 Amendments. Except as otherwise expressly set forth herein, this Agreement may be amended, modified, or waived from time to time only by the written consent of the Members holding the Required
Interest. 
 12.9 Binding Effect. Subject to the restrictions on Transfer set forth in this Agreement, this Agreement is
binding on and shall inure to the benefit of the Members, Holders, and their respective heirs, legal representatives, successors and assigns. 
 12.10 Governing Law; Severability. THIS AGREEMENT IS GOVERNED BY AND SHALL BE CONSTRUED IN ACCORDANCE WITH THE LAW OF THE STATE OF DELAWARE, EXCLUDING ANY CONFLICT-OF-LAWS RULE OR PRINCIPLE THAT
MIGHT REFER THE GOVERNANCE OR THE CONSTRUCTION OF THIS AGREEMENT TO THE LAW OF ANOTHER JURISDICTION. In the event of a direct conflict between the provisions of this Agreement and any provision of the Certificate or any mandatory provision of the
Act, the applicable provision of the Certificate or the Act shall control. If any provision of this Agreement or the application thereof to any Person or circumstance is held invalid or unenforceable to any extent, the remainder of this Agreement
and the application of that provision to other Persons or circumstances are not affected thereby and that provision shall be enforced to the greatest extent permitted by law. 
 12.11 Further Assurances. In connection with this Agreement and the transactions contemplated hereby, each Holder shall execute and deliver any additional documents and instruments and perform any
additional acts that may be necessary or appropriate to effectuate and perform the provisions of this Agreement and those transactions. 
 12.12 Waiver of Certain Rights. Each Holder irrevocably waives any right it may have to maintain any action for dissolution of the Company or for partition of the property of the Company, for any
rights of appraisal it may have under Section 18-210 of the Act, or for any rights to information from the Company provided under Section 18-305 of the Act. 

  
 34 

 12.13 Notice to Members of Provisions. By executing this Agreement, each Member
acknowledges that it has actual notice of (i) all of the provisions hereof (including, without limitation, the restrictions on Transfer set forth in Article X) and (ii) all of the provisions of the Certificate. 

12.14 Remedies. Each Holder shall have all rights and remedies set forth in this Agreement and all rights and remedies which such
Person has been granted at any time under any other agreement or contract and all of the rights which such Person has under any law. Any Person having any rights under any provision of this Agreement or any other agreements contemplated hereby shall
be entitled to enforce such rights specifically (without posting a bond or other security), to recover damages by reason of any breach of any provision of this Agreement and to exercise all other rights granted by law. 

12.15 Severability. Whenever possible, each provision of this Agreement will be interpreted in such manner as to be effective and
valid under applicable law, but if any provision of this Agreement is held to be invalid, illegal or unenforceable in any respect under any applicable law or rule in any jurisdiction, such invalidity, illegality or unenforceability will not affect
any other provision or the effectiveness or validity of any provision in any other jurisdiction, and this Agreement will be reformed, construed and enforced in such jurisdiction as if such invalid, illegal or unenforceable provision had never been
contained herein. 
 12.16 Descriptive Headings; Interpretations. The descriptive headings of this Agreement are inserted
for convenience only and do not constitute a substantive part of this Agreement. All references to Articles and Sections refer to articles and sections of this Agreement, and all references to Schedules are to schedules attached hereto, each of
which is incorporated herein and made a part hereof for all purposes. Whenever required by the context, any pronoun used in this Agreement shall include the corresponding masculine, feminine or neuter forms, and the singular form of nouns, pronouns
and verbs shall include the plural and vice versa. The use of the word “including” in this Agreement shall be by way of example rather than by limitation. The use of the words “or,” “either” and “any” shall
not be exclusive. Reference to any agreement, document or instrument means such agreement, document or instrument as amended or otherwise modified from time to time in accordance with the terms thereof, and if applicable hereof. Wherever required by
the context, references to a Fiscal Year shall refer to a portion thereof. The parties hereto have participated jointly in the negotiation and drafting of this Agreement. In the event an ambiguity or question of intent or interpretation arises, this
Agreement shall be construed as if drafted jointly by the parties hereto, and no presumption or burden of proof shall arise favoring or disfavoring any party by virtue of the authorship of any of the provisions of this Agreement. Wherever a conflict
exists between this Agreement and any other agreement, this Agreement shall control but solely to the extent of such conflict. 

12.17 Creditors. None of the provisions of this Agreement shall be for the benefit of or enforceable by any creditors of the
Company or any of its Affiliates, and no creditor who makes a loan to the Company or any of its Affiliates may have or acquire (except pursuant to the terms of a separate agreement executed by the Company in favor of such creditor) at any time as a
result of making the loan any direct or indirect interest in Company Profits, Losses, Distributions, capital or property other than as a secured creditor. 

  
 35 

 12.18 Delivery by Facsimile. This Agreement, the agreements referred to herein, and
each other agreement or instrument entered into in connection herewith or therewith or contemplated hereby or thereby, and any amendments hereto or thereto, to the extent signed and delivered by means of a facsimile machine, shall be treated in all
manner and respects as an original agreement or instrument and shall be considered to have the same binding legal effect as if it were the original signed version thereof delivered in person. At the request of any party hereto or to any such
agreement or instrument, each other party hereto or thereto shall re-execute original forms thereof and deliver them to all other parties. No party hereto or to any such agreement or instrument shall raise the use of a facsimile machine to deliver a
signature or the fact that any signature or agreement or instrument was transmitted or communicated through the use of a facsimile machine as a defense to the formation or enforceability of a contract and each such party forever waives any such
defense. 
 12.19 No Public Disclosure. The Company shall not disclose any holder of Investor Units’ name or
identity as an investor in the Company in any press release or other public announcement or in any document or material filed with any governmental entity, without the prior written consent of such Person, unless such disclosure is required by
applicable law or governmental regulations or by order of a court of competent jurisdiction, in which case prior to making such disclosure the Company shall give written notice to such Person describing in reasonable detail the proposed content of
such disclosure and shall permit such Person to review and comment upon the form and substance of such disclosure. 
 12.20
Survival. All indemnities and reimbursement obligations made pursuant to this Agreement shall survive dissolution and liquidation of the Company until the expiration of the longest applicable statute of limitations (including extensions
and waivers) with respect to the matter for which a party would be entitled to be indemnified or reimbursed, as the case may be. 
 12.21 Counterparts. This Agreement may be executed in multiple counterparts with the same effect as if all signing parties had signed the same document. All counterparts shall be construed together
and constitute the same instrument. 
 ARTICLE XIII—DEFINITIONS 

13.1 Definitions of Terms Not Defined in the Text. For purposes of this Agreement, the following terms have the meanings set forth
below with respect thereto: 
 “Act” means the Delaware Limited Liability Company Act, 6 Del. L.
Section 18-101, et seq., as it may be amended from time to time, and any successor to such statute. 

“Affiliate” shall mean, with respect to any Person, (i) any other Person directly or indirectly
controlling, controlled by, or under common control with, such Person, where “control” means the possession, directly or indirectly, of the power to direct the management and policies of a Person, whether through the ownership of voting
securities, by contract, or otherwise, and (ii) any officer, director, partner, or member thereof. 

  
 36 

 “Base Rate” means, on any date, a variable rate per annum
equal to the rate of interest most recently published by The Wall Street Journal as the “prime rate” at large U.S. money center banks. 
 “Board” means the Board of Directors as described in Section 6.1 of this Agreement. 
 “Book Value” means, with respect to any Company property, the Company’s adjusted basis for federal income tax purposes, adjusted from time to time to reflect the adjustments required
or permitted by Treas. Reg. §1.704-1(b)(2)(iv)(d)-(g). 
 “Business Day”
means any day other than a Saturday, a Sunday or a holiday on which national banking associations in the State of New York, the State of Idaho or the State of Delaware are closed. 

“Capital Contribution” means the amount of cash or cash equivalents, or the fair market value (as
determined by the Board) of any other property, that is contributed by a Holder to the capital of the Company in respect of any Unit in accordance with the terms of Article III of this Agreement. 

“Code” means the Internal Revenue Code of 1986 and any successor statute, as amended from time to time.

 “Common Units” means Common Units of the Company, having the rights, preferences and
priorities ascribed to Common Units in this Agreement. 
 “Company” means Boise Cascade
Holdings, L.L.C., a Delaware limited liability company. 
 “Company Minimum Gain” has the
meaning set forth for “partnership minimum gain” in Treasury Regulation Section 1.704-2(d). 

“Covered Person” means any Director, any Member, and any director, officer, manager, partner, or other
principal of the Company or any of the foregoing. 
 “Directors” means the individuals elected
to the Board as of the date of this Agreement and any Member or other Person hereafter elected as a director of the Company as provided in Section 5.4 of this Agreement, but does not include any Person who has ceased to serve as a
director of the Company. 
 “Distribution” means any distribution made by the Company to a
Holder, whether in cash, property or securities of the Company and whether by liquidating distribution or otherwise; provided that none of the following shall be a Distribution: (a) any redemption or repurchase by the Company of any
securities of the Company (including Units), (b) any recapitalization or exchange of securities of the Company, (c) any subdivision (by Unit split, pro rata Unit dividend or otherwise) or any combination (by reverse Unit split or
otherwise) of any outstanding Units or (d) any fees or remuneration paid to any Holder in such Holder’s capacity as an employee, officer, consultant, Director or other provider of services to the Company. 

  
 37 

 “Equity Value” means the total net pre-tax proceeds which
would be received by the holders of Units if the assets of the Company as a going concern were sold in an orderly transaction designed to maximize the proceeds therefrom, and such proceeds were then distributed in accordance with
Section 4.2(b), after payment of, or provision for, all Company obligations in accordance with Section 11.2, as determined in good faith by the Board. 

“Fiscal Year” of the Company means the calendar year, or such other annual accounting period as is
established by the Board. 
 “FPH” means Forest Products Holdings, L.L.C. 

“FPH Common Unit” means a “Common Unit” of FPH, as such term is defined in the FPH LLC
Agreement. 
 “FPH LLC Agreement” means that certain limited liability company agreement
relating to the affairs of FPH as amended, restated, modified, or waived from time to time. 
 “FPH
Management Equity Agreement” means a “Management Equity 
 Agreement”, as such term is defined
in the FPH LLC Agreement. 
 “FPH Management Member” means a “Management Member” of
FPH; as such term is defined in the FPH LLC Agreement. 
 “GAAP” means U.S. generally accepted
accounting principles, consistently applied. 
 “Governmental Entity” means the United States of
America or any other nation, any state or other political subdivision thereof, or any entity exercising executive, legislative, judicial, regulatory or administrative functions of government. 

“Holder” means a holder of one or more Units as reflected on the Company’s books and records.

 “Incapacity” or “Incapacitated” means (a) with respect to a natural
person, the bankruptcy, death, incompetency or insanity of such person and (b) with respect to any other Person, the bankruptcy, liquidation, dissolution or termination of such Person. 

“Losses” for any period means all items of Company loss, deduction and expense for such period determined
according to Section 3.2. 
 “Member” means each of the Initial Members and any Person
admitted to the Company as a substituted Member or additional Member, but only so long as such Person is shown on the Company’s books and records as the owner of one or more Units. 

“Member Minimum Gain” has the meaning set forth for “partner nonrecourse debt minimum gain” in
Treasury Regulation Section 1.704-2(i). 

  
 38 

 “Member Nonrecourse Deductions” has the meaning set forth
for “partner nonrecourse deductions” in Treasury Regulation Section 1.704-2(i). 

“Nonrecourse Deductions” has the meaning set forth in Treasury Regulation 

Section 1.704-2(b)(l). 
 “Person” means a natural person, partnership (whether general or limited), limited liability company, trust, estate, association, corporation, custodian, nominee or any other individual
or entity in its own or any representative capacity. 
 “Profits” for any period means all items
of Company income and gain for such period determined according to Section 3.2. 
 “Public
Offering” means any underwritten sale of Common Units pursuant to an effective registration statement under the Securities Act filed with the Securities and Exchange Commission on Form S-1 (or a successor form adopted by the Securities and
Exchange Commission); provided that the following shall not be considered a Public Offering: (i) any issuance of common equity securities as consideration for a merger or acquisition and (ii) any issuance of common equity securities
or rights to acquire common equity securities to employees, Directors or consultants of or to the Company or its Subsidiaries as part of an incentive or compensation plan. 

“Required Interest” means a majority of the outstanding Common Units. 

“Sale of the Company” means the bona fide arm’s length sale of the Company to a third party or group
of third parties acting in concert, in each case which party or parties is not an Affiliate of the Company or the Initial Members, pursuant to which such party or parties acquire (i) equity securities of the Company that, directly or indirectly
through one or more intermediaries, have more than 50% of the ordinary voting power then outstanding to elect Directors or (ii) all or substantially all of the Company’s assets determined on a consolidated basis (in either case, whether by
merger, consolidation, sale or transfer of the Company’s or any Subsidiary’s equity securities, sale or transfer of the Company’s consolidated assets, or other reorganization). 

“Schedule of Members” shall mean the Schedule of Members attached hereto, which sets forth with
respect to each Member the respective number and class of Units owned by such Member and the amount of Capital Contributions made by such Member with respect thereto. 

“Securities Act” means the Securities Act of 1933, as amended, and applicable rules and regulations
thereunder, and any successor to such statute, rules or regulations. Any reference herein to a specific section, rule or regulation of the Securities Act shall be deemed to include any corresponding provisions of future law. 

“Securityholders Agreement” means that certain securityholders agreement, dated as of October 26,
2004, by and among the Company, FPH and OfficeMax, as the same has been and may be amended, restated, modified, supplemented or waived from time to time. 

  
 39 

 “Series A Common Unit” shall have the meaning given to such
term in the Prior Agreement. 
 “Series B Common Unit” shall have the meaning given to such term
in the Prior Agreement. 
 “Series C Common Unit” shall have the meaning given to such term in
the Prior Agreement. 
 “Subsidiary” means, with respect to any Person, any corporation, limited
liability company, partnership, association or business entity of which (i) if a corporation, a majority of the total voting power of shares of stock entitled (without regard to the occurrence of any contingency) to vote in the election of
directors, managers or trustees thereof is at the time owned or controlled, directly or indirectly, by that Person or one or more of the other Subsidiaries of that Person or a combination thereof or (ii) if a limited liability company,
partnership, association or other business entity (other than a corporation), a majority of partnership or other similar ownership interest thereof is at the time owned or controlled, directly or indirectly, by that Person or one or more
Subsidiaries of that Person or a combination thereof. For purposes hereof, a Person or Persons shall be deemed to have a majority ownership interest in a limited liability company, partnership, association or other business entity (other than a
corporation) if such Person or Persons shall be allocated a majority of limited liability company, partnership, association or other business entity gains or losses or shall be or control any managing director or general partner of such limited
liability company, partnership, association or other business entity (other than a corporation). For purposes hereof, references to a “Subsidiary” of any Person shall be given effect only at such times that such Person has one or more
Subsidiaries, and, unless otherwise specified, the term “Subsidiary” refers to a Subsidiary of the Company. 
 “Taxable Year” means the Company’s taxable year ending December 31 (or part thereof, in the case of the Company’s last taxable year), or such other year as is determined by
the Board in compliance with Section 706 of the Code. 
 “Units” mean interests in the
Company (including Common Units) representing the Holder’s fractional interest in the income, gains, losses, deductions and expenses of the Company, and having the relative rights, powers, preferences, duties, liabilities and obligations set
forth with respect thereto in this Agreement. Whenever a reference is made to a Unit or any series of Units hereunder, such Units shall also include any Units issued with respect to such Units in a unit split, unit dividend, unit combination, merger
or other recapitalization involving such Units. 
 13.2 Index of Definitions Defined in the Text. The following terms are
defined in the text of this Agreement in the section listed opposite such term below: 

  
 40 

					
	Term	  	Section	 
	 “Agreement”
	  	 	preamble	  
	 “Board”
	  	 	5.2(a)	  
	 “Capital Account”
	  	 	3.1	  
	 “Certificate”
	  	 	1.1	  
	 “Confidential Information”
	  	 	9.4	  
	 “Indemnifying Holder”
	  	 	8.3	  
	 “Other Business”
	  	 	7.11(b)	  
	 “Proceeding”
	  	 	7.3	  
	 “Regulatory Allocations”
	  	 	4.4(d)	  
	 “Tax Matters Member”
	  	 	8.2	  
	 “Transfer”
	  	 	10.0(b)	  

*    *    *    *    *    * 

  
 41 

 IN WITNESS WHEREOF, the undersigned Member has executed this Agreement, and agreed to be
bound by and subject to all of the provisions hereof, as of this 26th day of February, 2013. 
  

	
	FOREST PRODUCTS HOLDINGS, L.L.C.
	1111 W. Jefferson Street, Suite 300
	Boise, Idaho 83702
	EIN: 20-1478536
	
	/s/ Wayne Rancourt
	Wayne Rancourt, SVP, CFO, Treasurer

  

	
	 Accepted, acknowledged, and

Agreed to this
26th day of

February, 2013
  
 BOISE CASCADE HOLDINGS, L.L.C.

	
	/s/ John T. Sahlberg
	 John T. Sahlberg, SVP, General Counsel
    and Secretary

 IN WITNESS WHEREOF, the undersigned Member has executed this Agreement, and agreed to be
bound by and subject to all of the provisions hereof, as of this 26th day of February, 2012. 
  

	
	 OFFICEMAX INCORPORATED
 263
Shuman Blvd.
 Naperville, IL 60563

EIN: 82-0100960

	
	/s/ Matthew R. Broad
	Matthew R. Broad, EVP & General Counsel

  

	
	 Accepted, acknowledged, and

Agreed to this
26th day of

February, 2013
  
 BOISE CASCADE HOLDINGS, L.L.C.

	
	/s/ John T. Sahlberg
	 John T. Sahlberg, SVP, General Counsel
     and Secretary

 SCHEDULE OF 

MEMBERS 
 As of
February 26, 2013 
  

									
	 	  	Common	 	  	Voting	 
	 Name and Address
	  	Units	 	  	Percentage	 
	 OfficeMax Incorporated 1
	  	 	5,941,851	  	  	 	20.01	% 
	 Forest Products Holdings, L.L.C.
	  	 	23,758,149	  	  	 	79.99	% 
	 Total:
	  	 	29,700,000	  	  	 	100.00	% 

  

	1	 Formerly named
Boise Cascade Corporation.EX-10.1

 Exhibit 10.1 
 FIRST LIEN CREDIT AGREEMENT, 
 dated as of February 27, 2013, 

among 
 MITEL
NETWORKS CORPORATION 
 and 
 MITEL US HOLDINGS, INC., 
 as the Borrowers, 

VARIOUS FINANCIAL INSTITUTIONS AND OTHER PERSONS FROM TIME TO TIME 
 PARTIES HERETO, 
 as the Lenders, 

BANK OF AMERICA, N.A., 
 as the Administrative Agent, 
 BANK OF AMERICA, N.A., 

as the Collateral Agent, 
 and 
 RBC CAPITAL MARKETS 

as the Syndication Agent 
  

 
 BANK OF AMERICA,
N.A., 
 RBC CAPITAL MARKETS 
 and 
 MCS CAPITAL MARKETS LLC 

as Joint Lead Arrangers and Joint Bookrunners 
  

 
  

 TABLE OF CONTENTS 

 

					
	 	  	Page	 
	 ARTICLE I
	  			
		
	 DEFINITIONS AND ACCOUNTING TERMS
	  			
		
	 Section 1.1 Defined Terms
	  	 	2	  
	 Section 1.2 Use of Defined Terms
	  	 	43	  
	 Section 1.3 Cross-References
	  	 	43	  
	 Section 1.4 Accounting and Financial Determinations
	  	 	44	  
	 Section 1.5 Exchange Rates; Currency Equivalents
	  	 	44	  
	 Section 1.6 Letter of Credit Amounts
	  	 	45	  
		
	 ARTICLE II
	  			
		
	 COMMITMENTS, BORROWING AND ISSUANCE PROCEDURES, NOTES AND LETTERS OF CREDIT
	  			
		
	 Section 2.1 Commitments
	  	 	45	  
	 Section 2.2 Increase or Reduction of the Commitment Amounts
	  	 	47	  
	 Section 2.3 Borrowing Procedures
	  	 	48	  
	 Section 2.4 Continuation and Conversion Elections
	  	 	50	  
	 Section 2.5 Funding
	  	 	51	  
	 Section 2.6 Letter of Credit Issuance Procedures
	  	 	51	  
	 Section 2.7 Register; Notes
	  	 	59	  
	 Section 2.8 Canadian BAs
	  	 	60	  
	 Section 2.9 Incremental Facilities
	  	 	61	  
	 Section 2.10 Extension of Maturity Date
	  	 	63	  
	 Section 2.11 Cash Collateral
	  	 	65	  
		
	 ARTICLE III
	  			
		
	 REPAYMENTS, PREPAYMENTS, INTEREST AND FEES
	  			
		
	 Section 3.1 Repayments and Prepayments; Application
	  	 	66	  
	 Section 3.2 Interest Provisions
	  	 	69	  
	 Section 3.3 Fees
	  	 	71	  
		
	 ARTICLE IV
	  			
		
	 CERTAIN LIBO RATE, CANADIAN BA AND OTHER PROVISIONS
	  			
		
	 Section 4.1 Fixed Rate Lending Unlawful
	  	 	72	  
	 Section 4.2 Deposits Unavailable; Circumstances making Canadian BAs Unavailable
	  	 	72	  
	 Section 4.3 Increased Loan Costs, etc
	  	 	72	  

  
 -i-

 TABLE OF CONTENTS 

(Continued) 
  

					
	 	  	Page	 
	 Section 4.4 Funding Losses
	  	 	73	  
	 Section 4.5 Increased Capital Costs
	  	 	73	  
	 Section 4.6 Taxes
	  	 	74	  
	 Section 4.7 Payments, Computations; Proceeds of Collateral, etc
	  	 	78	  
	 Section 4.8 Sharing of Payments
	  	 	79	  
	 Section 4.9 Setoff
	  	 	80	  
	 Section 4.10 Mitigation
	  	 	80	  
	 Section 4.11 Removal of Lenders
	  	 	80	  
		
	 ARTICLE V
	  			
		
	 CONDITIONS TO CREDIT EXTENSIONS
	  			
		
	 Section 5.1 Initial Credit Extension
	  	 	81	  
	 Section 5.2 All Credit Extensions
	  	 	86	  
		
	 ARTICLE VI
	  			
		
	 REPRESENTATIONS AND WARRANTIES
	  			
		
	 Section 6.1 Organization, etc
	  	 	86	  
	 Section 6.2 Due Authorization, Non-Contravention, etc
	  	 	87	  
	 Section 6.3 Government Approval, Regulation, etc
	  	 	87	  
	 Section 6.4 Validity, etc
	  	 	87	  
	 Section 6.5 Financial Information
	  	 	87	  
	 Section 6.6 No Material Adverse Change
	  	 	87	  
	 Section 6.7 Litigation, Labor Controversies, etc
	  	 	87	  
	 Section 6.8 Subsidiaries; Equity Interests; Obligors
	  	 	88	  
	 Section 6.9 Ownership of Properties
	  	 	88	  
	 Section 6.10 Taxes
	  	 	88	  
	 Section 6.11 Pension and Welfare Plans
	  	 	88	  
	 Section 6.12 Environmental Warranties
	  	 	89	  
	 Section 6.13 Accuracy of Information
	  	 	90	  
	 Section 6.14 Regulations U and X
	  	 	90	  
	 Section 6.15 Insurance
	  	 	91	  
	 Section 6.16 Solvency
	  	 	91	  
	 Section 6.17 Security Agreements
	  	 	91	  
	 Section 6.18 Intellectual Property
	  	 	91	  
	 Section 6.19 Issuance of Subordinated Debt; Status of Obligations as Senior Indebtedness, etc
	  	 	91	  
	 Section 6.20 Patriot Act; FCPA; OFAC
	  	 	92	  
	 Section 6.21 Quebec Based Collateral
	  	 	92	  
	 Section 6.22 Casualty, Etc
	  	 	92	  

  
 -ii-

 TABLE OF CONTENTS 

(Continued) 
  

					
	 	  	Page	 
	ARTICLE VII	  			
		
	COVENANTS	  			
	 Section 7.1 Affirmative Covenants
	  	 	93	  
	 Section 7.2 Negative Covenants
	  	 	100	  
		
	ARTICLE VIII	  			
		
	EVENTS OF DEFAULT	  			
		
	 Section 8.1 Listing of Events of Default
	  	 	111	  
	 Section 8.2 Action if Bankruptcy
	  	 	115	  
	 Section 8.3 Action if Other Event of Default
	  	 	115	  
		
	ARTICLE IX	  			
		
	RESERVED.	  			
		
	ARTICLE X	  			
		
	GUARANTY PROVISIONS	  			
		
	 Section 10.1 Parent Guaranty Provisions
	  	 	116	  
	 Section 10.2 Parent Guaranty
	  	 	116	  
	 Section 10.3 Guaranty Absolute, etc
	  	 	116	  
	 Section 10.4 Reinstatement, etc
	  	 	117	  
	 Section 10.5 Waiver, etc
	  	 	117	  
	 Section 10.6 Postponement of Subrogation, etc
	  	 	118	  
		
	ARTICLE XI	  			
		
	ADMINISTRATIVE AGENT	  			
		
	 Section 11.1 Appointment and Authority
	  	 	119	  
	 Section 11.2 Rights as a Lender
	  	 	119	  
	 Section 11.3 Exculpatory Provisions
	  	 	120	  
	 Section 11.4 Reliance by Administrative Agent
	  	 	120	  
	 Section 11.5 Delegation of Duties
	  	 	121	  
	 Section 11.6 Resignation of Administrative Agent
	  	 	121	  
	 Section 11.7 Non-Reliance on Administrative Agent and Other Lenders
	  	 	123	  
	 Section 11.8 No Other Duties, Etc
	  	 	123	  
	 Section 11.9 Administrative Agent May File Proofs of Claim
	  	 	123	  
	 Section 11.10 Collateral and Guaranty Matters
	  	 	124	  

  
 -iii-

 TABLE OF CONTENTS 

(Continued) 
  

 

					
	 	  	Page	 
	ARTICLE XII	  			
		
	MISCELLANEOUS PROVISIONS	  			
		
	 Section 12.1 Waivers, Amendments, etc
	  	 	125	  
	 Section 12.2 Notices; Time
	  	 	126	  
	 Section 12.3 Payment of Costs and Expenses
	  	 	128	  
	 Section 12.4 Indemnification
	  	 	129	  
	 Section 12.5 Survival
	  	 	131	  
	 Section 12.6 Severability
	  	 	131	  
	 Section 12.7 Headings
	  	 	131	  
	 Section 12.8 Execution in Counterparts, Effectiveness, etc
	  	 	131	  
	 Section 12.9 Governing Law; Entire Agreement
	  	 	131	  
	 Section 12.10 Successors and Assigns
	  	 	132	  
	 Section 12.11 Other Transactions
	  	 	140	  
	 Section 12.12 Forum Selection and Consent to Jurisdiction
	  	 	140	  
	 Section 12.13 Service of Process, Appointment of Process Agent
	  	 	141	  
	 Section 12.14 Waiver of Jury Trial
	  	 	141	  
	 Section 12.15 No Immunity
	  	 	142	  
	 Section 12.16 Judgment Currency
	  	 	142	  
	 Section 12.17 PATRIOT Act Notification
	  	 	142	  
	 Section 12.18 Defaulting Lenders
	  	 	143	  
	 Section 12.19 Confidentiality
	  	 	145	  
	 Section 12.20 Intercreditor Agreement
	  	 	146	  

  
 -iv-

					
	SCHEDULE I	 	—	  	Disclosure Schedule
			
	SCHEDULE II	 	—	  	Percentages; LIBOR Office; Domestic Office; Administrative Agent’s Office
			
	EXHIBIT A-1	 	—	  	Form of Canadian Revolving Note
			
	EXHIBIT A-2	 	—	  	Form of U.S. Revolving Note
			
	EXHIBIT A-3	 	—	  	Form of Term Note
			
	EXHIBIT A-4	 	—	  	Form of Swing Line Note
			
	EXHIBIT A-5	 	—	  	Reserved
			
	EXHIBIT A-6	 	—	  	Form of Acceptance Note
			
	EXHIBIT B-1	 	—	  	Form of Canadian Revolving Loan Borrowing Request
			
	EXHIBIT B-2	 	—	  	Form of Term Loan/U.S. Revolving Loan Borrowing Request
			
	EXHIBIT C-1	 	—	  	Form of Canadian Revolving Loan Continuation/Conversion Notice
			
	EXHIBIT C-2	 	—	  	Form of Term Loan/U.S. Revolving Loan Continuation/Conversion Notice
			
	EXHIBIT D	 	—	  	Form of Lender Assignment Agreement
			
	EXHIBIT E	 	—	  	Form of Compliance Certificate
			
	EXHIBIT F	 	—	  	Form of Subsidiary Guaranty
			
	EXHIBIT G-1	 	—	  	Form of U.S. Pledge and Security Agreement
			
	EXHIBIT G-2	 	—	  	Form of Canadian Pledge and Security Agreement
			
	EXHIBIT H	 	—	  	Form of Intercompany Subordination Agreement
			
	EXHIBIT I	 	—	  	Form of Intercreditor Agreement
			
	EXHIBIT J-1	 	—	  	Form of Sponsor Permitted Assignee Assignment Agreement
			
	EXHIBIT J-2	 	—	  	Form of Affiliate Assignment Notice
			
	EXHIBIT K	 	—	  	Form of Master Intercompany Note

  
 -i-

 FIRST LIEN CREDIT AGREEMENT 

THIS FIRST LIEN CREDIT AGREEMENT, dated as of February 27, 2013 is among MITEL NETWORKS CORPORATION, a company organized under the
laws of Canada (the “Parent” and, in its capacity as the borrower of the Canadian Credit Extensions (such capitalized term and all other capitalized terms used in this preamble and the recitals set forth below shall, unless
otherwise defined therein, have the meanings set forth in Section 1.1), the “Canadian Borrower”), MITEL US HOLDINGS, INC., a Delaware corporation (“Holdings” and, in its capacity as the borrower of the
Term Loans, the “Term Loan Borrower” and in its capacity as the borrower of the U.S. Credit Extensions (other than the Term Loans), the “U.S. Revolving Loan Borrower” or the “U.S. Borrower”; the
U.S. Borrower together with the Canadian Borrower, collectively, the “Borrowers” and each a “Borrower”), the various financial institutions and other Persons from time to time parties hereto which extend Commitments
to make Revolving Credit Extensions to the Borrowers (the “Revolving Lenders”), the various financial institutions and other Persons from time to time parties hereto which extend Commitments to make Term Loans to the Term Loan
Borrower (the “U.S. Term Loan Facility Lenders” and, together with the Revolving Lenders, collectively, together with any Assignee Lenders, the “Lenders”), BANK OF AMERICA, N.A. (“Bank of America”),
as administrative agent for the Lenders (in such capacity, the “Administrative Agent”), BANK OF AMERICA, N.A., acting through its Canada Branch (“Bank of America Canada”), as Canadian administrative agent for the
Lenders (in such capacity, the “Canadian Administrative Agent”), BANK OF AMERICA, as collateral agent for the Secured Parties (in such capacity, the “Collateral Agent”), RBC CAPITAL MARKETS
(“RBCCM”) as syndication agent (in such capacity, the “Syndication Agent”) Bank of America, RBCCM and MCS CAPITAL MARKETS LLC or one of its affiliates, as joint lead arrangers and joint bookrunners (in such
capacities, the “Arrangers”). 
 W I T N E S S E T H: 

WHEREAS, for purposes of providing for the ongoing working capital needs and general corporate purposes of the Borrowers and their
respective Subsidiaries and to refinance existing obligations under the Existing Credit Agreements, 
 (a) the
Borrowers have requested that the Lenders provide: 
 (i) a Term Loan Commitment pursuant to which Term Loans
will be made in a single Borrowing on the Closing Date to the Term Loan Borrower; 
 (ii) a Revolving Loan
Commitment (to include availability for Revolving Loans, Swing Line Loans and Letters of Credit) pursuant to which Revolving Loans will be made from time to time prior to the Revolving Loan Commitment Termination Date; 

(iii) a Letter of Credit Commitment pursuant to which Letters of Credit will be issued from time to time prior to the
Revolving Loan Commitment Termination Date; and 

  
 1 

 (iv) a Swing Line Loan Commitment pursuant to which Swing Line Loans will be
made from time to time prior to the Revolving Loan Commitment Termination Date; and 
 (b) Holdings shall obtain,
pursuant to the Second Lien Credit Agreement (as defined below), $80,000,000 in senior secured term loan Indebtedness which Holdings shall borrow on the Closing Date; 
 WHEREAS, the Lenders and the Issuers are willing, on the terms and subject to the conditions hereinafter set forth, to extend the Commitments and make Loans to the Borrowers and issue (or participate in)
Letters of Credit; 
 NOW, THEREFORE, the parties hereto agree as follows. 

ARTICLE I 
 DEFINITIONS AND ACCOUNTING TERMS 
 Section 1.1 Defined Terms. The
following terms (whether or not underscored) when used in this Agreement, including its preamble and recitals, shall, except where the context otherwise requires, have the following meanings (such meanings to be equally applicable to the singular
and plural forms thereof): 
 “Acceptance Note” is defined in clause (b) of Section 2.8.3.

 “Additional Commitment Lender” is defined in Section 2.10. 

“Additional Revolving Commitments” means the commitments of the Additional Revolving Lenders to make Additional
Revolving Loans pursuant to Section 2.9. 
 “Additional Revolving Lenders” means the lenders
providing the Additional Revolving Commitments. 
 “Additional Revolving Loans” means any Loans made in respect
of any Additional Revolving Commitments that shall have been added pursuant to Section 2.9. 
 “Additional
Term Loans” means any Loans made in respect of any Additional Term Commitments that shall have been added pursuant to Section 2.9. 
 “Administrative Agent” is defined in the preamble and includes each other Person appointed as a successor Administrative Agent pursuant to Section 11.6. 

“Administrative Agent Fee Letter” means that certain fee letter dated as of the date hereof among the Borrowers and the
Administrative Agent. 
 “Administrative Agent’s Office” means, with respect to any Currency, the
Administrative Agent’s address and, as appropriate, account as set forth on Schedule II with respect to such Currency, or such other address or account with respect to such Currency as the Administrative Agent may from time to time notify
the Borrowers and the Lenders. 

  
 2 

 “Administrative Questionnaire” means an administrative questionnaire in the
form approved by the Administrative Agent. 
 “Affected Lender” is defined in Section 4.11.

 “Affiliate” of any Person means any other Person which, directly or indirectly, controls, is controlled by
or is under common control with such Person. “Control” of a Person means the power, directly or indirectly, to direct or cause the direction of the management and policies of such Person (whether through the ability to exercise
voting power, by contract or otherwise). 
 “Agents” means, collectively, the Administrative Agent, the
Collateral Agent, the Syndication Agent and the Arrangers. 
 “Agreement” means, on any date, this First Lien
Credit Agreement as originally in effect on the Effective Date and as thereafter from time to time amended, supplemented, amended and restated or otherwise modified from time to time and in effect on such date. 

“Alternate Base Rate” means, for any day, a fluctuating rate of interest per annum (rounded upward, if necessary, to the
next highest 1/16 of 1%) equal to (a) in the case of Term Loans and U.S. Revolving Loans, the highest of (i) the rate of interest in effect for such day as publicly announced from time to time by Bank of America, N.A. as its “prime
rate,” (ii) the Federal Funds Rate in effect on such day plus 1/2 of 1%, and (iii) the LIBO Rate for loans having an Interest Period of one month plus 1.00% and (b) in the case of Canadian Loans denominated in U.S.
Dollars, the highest of (i) the rate of interest publicly announced from time to time by Bank of America Canada as its reference rate of interest for loans in U.S. Dollars made in Canada designated as its “prime rate”, (ii) the
Federal Funds Rate in effect on such day plus 1/2 of 1%, and (iii) the LIBO Rate for loans having an Interest Period of one month plus 1.00%. Changes in the rate of interest on that portion of any Loans maintained as Floating Rate Loans
will take effect simultaneously with each change in the Alternate Base Rate. The Administrative Agent will give notice promptly to the Borrowers and the Lenders of any change in the Alternate Base Rate; provided that the failure to give such
notice shall not affect the Alternate Base Rate in effect after such change. The “prime rate” is a rate set by Bank of America, N.A. (or Bank of America Canada, as applicable) based upon various factors, including Bank of America,
N.A.’s (or Bank of America Canada, as applicable) costs and desired return, general economic conditions and other factors, and is used as a reference point for pricing some loans. Any change in such rate announced by Bank of America, N.A. (or
Bank of America Canada, as applicable) shall take effect at the opening of business on the day specified in the public announcement of such change. 
 “Alternate Base Rate Loan” means a U.S. Loan or a Canadian Loan denominated in U.S. Dollars and bearing interest at a floating rate determined by reference to the Alternate Base Rate.

  
 3 

 “Applicable Canadian BA Stamping Fee” means, with respect to Canadian BAs,
(a) at all times prior to the Reset Date, 5.75% per annum and (b) at all times after the Reset Date, the applicable percentage set forth under the column entitled “Applicable Canadian BA Stamping Fee” in the
definition of Applicable Margin. 
 “Applicable Commitment Fee Margin” means (a) at all times prior to the
Reset Date, 0.500% and (b) at all times after the Reset Date, the applicable percentage set forth below corresponding to the relevant Leverage Ratio set forth in the Compliance Certificate most recently delivered by the Borrowers to the
Administrative Agent: 
  

					
	 Leverage Ratio
	  	 Applicable Commitment Fee Margin
	 
	 Greater than 1.75:1
	  	 	0.500	% 
	 Less than or equal to 1.75:1
	  	 	0.375	% 

 Changes in the Applicable Commitment Fee Margin resulting from a change in the Leverage Ratio shall
become effective upon delivery by the Borrowers to the Administrative Agent of a new Compliance Certificate pursuant to clause (c) of Section 7.1.1. If the Borrowers fail to deliver a Compliance Certificate within 45 days
after the end of any Fiscal Quarter (or within 90 days, in the case of the last Fiscal Quarter of the Fiscal Year), the Applicable Commitment Fee Margin from and including the 46th (or 91st, as the case may be) day after the end of such Fiscal
Quarter to but not including the date Borrowers deliver to the Administrative Agent a Compliance Certificate shall equal the highest Applicable Commitment Fee Margin set forth above. 

“Applicable Margin” means, at any time (a) with respect to Term Loans, (i) 5.75% for Term Loans
maintained as LIBO Rate Loans and (ii) 4.75% for Term Loans maintained as Base Rate Loans, (b) with respect to Revolving Loans (excluding Swing Line Loans) (i) at all times prior to the Reset Date 5.75% for Revolving Loans maintained
as Fixed Rate Loans and 4.75% for Revolving Loans maintained as Floating Rate Loans, and (ii) thereafter, the applicable percentage set forth below corresponding to the relevant Leverage Ratio set forth in the Compliance Certificate most
recently delivered by the Borrowers to the Administrative Agent, (c) with respect to Swing Line Loans (i) at all time prior to the Reset Date, 4.75% and (ii) thereafter, the applicable percentage set forth below corresponding to the
relevant Leverage Ratio set forth in the Compliance Certificate most recently delivered by the Borrowers to the Administrative Agent: 

  
 4 

 For Revolving Loans, Swing Line Loans and Canadian BAs 

 

																	
	 Leverage Ratio
	  	Applicable Margin
for Revolving Loans (other than
Swing Line Loans)	 	 	Applicable
Margin
for Swing
Line Loans	 	 	Applicable
Canadian
BA
Stamping
Fee	 
	 	  	LIBO Rate	 	 	Alternate
Base Rate/
Canadian
Prime
Rate	 	 	Alternate
Base Rate/
Canadian
Prime Rate	 	 	 	 
	 Greater than 1.75:1
	  	 	5.75	% 	 	 	4.75	% 	 	 	4.75	% 	 	 	5.75	% 
	 Less than or equal to 1.75:1
	  	 	5.50	% 	 	 	4.50	% 	 	 	4.50	% 	 	 	5.50	% 

 Changes in the Applicable Margin resulting from a change in the Leverage Ratio shall become effective
upon delivery by the Borrowers to the Administrative Agent of a new Compliance Certificate pursuant to clause (c) of Section 7.1.1. If the Borrowers fail to deliver a Compliance Certificate within 45 days after the end of any
Fiscal Quarter (or within 90 days the last Fiscal Quarter of the Fiscal Year, the Applicable Margin from and including the 46th (or 91st, as the case may be) day after the end of such Fiscal Quarter to but not including the date the Borrowers
deliver to the Administrative Agent a Compliance Certificate shall equal the highest Applicable Margin set forth above. 

“Approved Fund” means any Person (other than a natural Person) that (a) is engaged in making, purchasing, holding
or otherwise investing in commercial loans and similar extensions of credit in the ordinary course of its business; and (b) is administered or managed by a Lender, an Affiliate of a Lender or a Person or an Affiliate of a Person that
administers or manages a Lender. 
 “Arrangers” is defined in the preamble. 

“Assignee Lender” means an assignee under a Lender Assignment Agreement. 

“Authorized Officer” means, relative to any Obligor, those of its officers, general partners or managing members (as
applicable) whose signatures and incumbency shall have been certified to the Administrative Agent, the Lenders and the Issuers pursuant to Section 5.1.1. 
 “Available Amount” means, as of any date of determination, (x) the cumulative amount of Excess Cash Flow for all Fiscal Years then ended after the Closing Date (commencing with the
Fiscal Year ending April 30, 2013) for which financial statements have been delivered as required under Section 7.1.1(b), to the extent such Excess Cash Flow was not and shall not be required to prepay Loans in accordance with
Section 3.1.1(f) minus (y) the sum of all amounts used on or prior to such date of determination to (i) make Restricted Payments pursuant to clause (2) of the proviso to Section 7.2.6 or
(ii) prepay Indebtedness pursuant to the proviso to Section 7.2.8. 
 “Bank of America” is
defined in the preamble. 

  
 5 

 “Bank of America Canada” is defined in the preamble. 

“Base Rate Loan” means a Loan bearing interest at a fluctuating rate determined by reference to the Alternate Base Rate.

 “Board of Directors” means, with respect to (i) a corporation, the board of directors of the
corporation or any committee thereof duly authorized to act on behalf of such board of directors, (ii) a partnership, the board of directors or other equivalent governing body of the general partner of the partnership, (iii) a limited
liability company, the board of directors or other equivalent governing body, and in the absence of same, the manager or board of managers or the managing member or members (or equivalent) of any controlling committee thereof, and (iv) any
other Person, the board or committee of such Person serving a function equivalent to that of a board of directors or general partner. 
 “Borrower” and “Borrowers” are defined in the preamble. 
 “Borrowing” means the Loans of the same type and, in the case of Fixed Rate Loans, having the same Interest Period made by all Lenders required to make such Loans on the same Business Day
and pursuant to the same Borrowing Request in accordance with Section 2.3. 
 “Borrowing Request”
means, as the context may require, the Canadian Revolving Loan Borrowing Request or the Term Loan/U.S. Revolving Loan Borrowing Request. 
 “Business Day” means 
 (a) any day which is
neither a Saturday or Sunday nor (i) relative to matters with respect to U.S. Loans and Canadian Loans denominated in U.S. Dollars, a legal holiday on which banks are authorized or required to be closed in New York, New York, or Toronto,
Ontario, or (ii) relative to matters with respect to Canadian Loans, a legal holiday on which banks are authorized or required to be closed in Toronto, Ontario; and 

(b) relative to the making, continuing, prepaying or repaying of any LIBO Rate Loans, any day which is a Business Day
described in clause (a)(i) or (ii) above, as the case may be, and which is also a day on which dealings in U.S. Dollars are carried on in the London interbank eurodollar market. 

“Canadian Administrative Agent” is defined in the preamble. 

“Canadian BA” means a depository bill as defined in the Depository Bills and Notes Act (Canada) in Canadian
Dollars that is in the form of an order signed by the Canadian Borrower and accepted by a Revolving Lender pursuant to this Agreement or, for Revolving Lenders not participating in clearing services contemplated in that Act, a draft or bill of
exchange in Canadian Dollars that is drawn by the Canadian Borrower and accepted by a Revolving Lender pursuant to this Agreement. Orders that become depository bills, drafts and bills of exchange are sometimes collectively referred to in this
Agreement as “drafts.” Canadian BAs shall have a term of approximately 30, 60, 90 or 180 days (subject to availability), shall be issued and payable only in Canada and shall have a face amount of an integral multiple of C$100,000. In
addition, to the extent the context shall require, each Acceptance Note shall be deemed to be a Canadian BA. 

  
 6 

 “Canadian Borrower” is defined in the preamble. 

“Canadian Collateral Agent” means Bank of America Canada. 

“Canadian Credit Extensions” means, as the context may require, (i) the making of a Canadian Loan by a Revolving
Lender (including the acceptance of a Canadian BA) or (ii) the issuance of any Canadian Letter of Credit, or the extension of any Stated Expiry Date of any existing Canadian Letter of Credit, by the Issuer. 

“Canadian Dollar” and “C$” each mean the lawful currency of Canada. 

“Canadian Dollar Equivalent” means, at any time, the equivalent amount thereof in Dollars as determined by the
Administrative Agent or the Issuer, as the case may be, 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 Canadian Dollars. 

“Canadian Letter of Credit” is defined in clause (a) of Section 2.1.2. 

“Canadian Letter of Credit Commitment” means the Issuer’s obligation to issue Canadian Letters of Credit pursuant
to Section 2.1.2. 
 “Canadian Letter of Credit Outstandings” means, on any date, an amount equal
to the sum of (a) the then aggregate amount which is undrawn and available under all issued and outstanding Canadian Letters of Credit, and (b) the then aggregate amount of all unpaid and outstanding Reimbursement Obligations in respect of
such Canadian Letters of Credit. For all purposes of this Agreement, if on any date of determination a Letter of Credit has expired by its terms but any amount may still be drawn thereunder by reason of the operation of Rule 3.14 of the ISP, such
Letter of Credit shall be deemed to be “outstanding” in the amount so remaining available to be drawn. 

“Canadian Letter of Credit Stated Expiry Date” is defined in Section 2.6. 

“Canadian Loan” means, as the context may require, a Canadian Revolving Loan or a Canadian Swing Line Loan. 

“Canadian Pension Plan” means (a) a “pension plan” or “plan” which is subject to applicable
pension benefits legislation in any jurisdiction of Canada and is applicable to employees resident in Canada of the Parent or any Canadian Subsidiary of the Parent, or (b) any pension benefit plan or similar arrangement applicable to employees
reporting to work in Canada of the Parent or any Canadian Subsidiary of the Parent. 
 “Canadian Pledge and Security
Agreement” means the Pledge and Security Agreement executed and delivered by the Parent and each Canadian Subsidiary Guarantor, substantially in the form of Exhibit G-2 hereto, as amended, supplemented, amended and restated or
otherwise modified from time to time. 

  
 7 

 “Canadian Prime Rate” means, for any day, a fluctuating rate of interest
per annum (rounded upward, if necessary, to the next highest 1/100th of 1%) equal to the highest of (a) the CDOR Rate for 30-day bankers’ acceptances plus 0.50% and (b) the rate of interest per annum publicly announced or
established from time to time by Bank of America Canada as its reference rate for loans in Canadian dollars made in Canada and designated by it as its “prime rate”. The “prime rate” is a rate established by Bank of America Canada
based upon various factors, including general economic conditions, is used as a reference rate for pricing certain loans and other extensions of credit, and is not intended to represent the lowest rate of interest charged by Bank of America Canada.
Changes in the rate of interest on that portion of any Loans maintained as Canadian Prime Rate Loans will take effect simultaneously with each change in the Canadian Prime Rate. The Administrative Agent will give notice promptly to the Borrowers and
the Lenders of any change in the Canadian Prime Rate; provided that the failure to give such notice shall not affect the Canadian Prime Rate in effect after such change. 

“Canadian Prime Rate Loans” means a Canadian Loan denominated in Canadian Dollars and bearing interest at a fluctuating
rate determined by reference to the Canadian Prime Rate. 
 “Canadian Revolving Loan Borrowing Request” means a
Canadian Revolving Loan request and certificate duly executed by an Authorized Officer of the Canadian Borrower substantially in the form of Exhibit B-1 hereto. 
 “Canadian Revolving Loan Continuation/Conversion Notice” means a notice of continuation or conversion in respect of Canadian Revolving Loans and certificate duly executed by an Authorized
Officer of the Canadian Borrower substantially in the form of Exhibit C-1 hereto. 
 “Canadian Revolving
Loans” is defined in clause (a) of Section 2.1.1. 
 “Canadian Revolving Note”
means a promissory note payable to any Revolving Loan Lender, in the form of Exhibit A-1 hereto (as such promissory note may be amended, endorsed or otherwise modified from time to time), evidencing Indebtedness hereunder of the Canadian
Borrower to such Revolving Loan Lender resulting from outstanding Canadian Revolving Loans, and also means all other promissory notes accepted from time to time in substitution therefor or renewal thereof or in addition thereto. 

“Canadian Subsidiary” means any Subsidiary that is incorporated or organized under the laws of Canada or any
jurisdiction thereof. 
 “Canadian Subsidiary Guarantor” means each Canadian Subsidiary which has executed and
delivered a Subsidiary Guaranty (or a supplement thereto). 
 “Canadian Swing Line Loan” is defined in
clause (c) of Section 2.1.1. 
 “Canadian Welfare Plan” means any medical, health,
hospitalization, insurance or other employee benefit or welfare plan, agreement or arrangement applicable to employees of the Parent or a Canadian Subsidiary of the Parent, in each case who report to work in Canada. 

  
 8 

 “Capital Expenditures” means, for any period, the aggregate amount of
(a) all expenditures of the Borrowers and their Subsidiaries for fixed or capital assets made during such period which, in accordance with GAAP, would be classified as capital expenditures; and (b) Capitalized Lease Liabilities incurred by
the Borrowers and their Subsidiaries during such period. 
 “Capital Securities” means, with respect to any
Person, all shares, interests, participations or other equivalents (however designated, whether voting or non-voting) of such Person’s capital, whether now outstanding or issued after the Effective Date. 

“Capitalized Lease Liabilities” means, with respect to any Person, all monetary obligations of such Person and its
Subsidiaries under any leasing or similar arrangement which have been (or, in accordance with GAAP, should be) classified as capitalized leases, and for purposes of each Loan Document the amount of such obligations shall be the capitalized amount
thereof, determined in accordance with GAAP, and the stated maturity thereof shall be the date of the last payment of rent or any other amount due under such lease prior to the first date upon which such lease may be terminated by the lessee without
payment of a premium or a penalty. 
 “Cash Collateralize” means, with respect to a Letter of Credit or
Canadian BA, the deposit of immediately available funds (in the same Currency) into a cash collateral account maintained with (or on behalf of) and under the sole dominion and control of the Administrative Agent on terms satisfactory to the
Administrative Agent and the Issuer in an amount equal to the Stated Amount of such Letter of Credit or the face amount of such Canadian BA (or such greater amount as may be explicitly provided for herein). “Cash Collateral” shall
have a meaning correlative to the foregoing and shall include the proceeds of such cash collateral. 
 “Cash Equivalent
Investment” means, at any time, any of the following types of investments, to the extent owned by any Borrower or any of its Subsidiaries free and clear of all Liens (other than Liens created under the Loan Documents or under the Second
Lien Loan Documents): 
 (a) any direct obligation of (or unconditionally guaranteed by) the United States or
Canada (or any agency or political subdivision thereof, to the extent such obligations are supported by the full faith and credit of the United States or of Canada) maturing not more than one year after such time; 

(b) commercial paper maturing not more than 180 days from the date of issue, which is issued by 

(i) a corporation (other than an Affiliate of any Obligor) organized under the laws of Canada or any province or territory
thereof or any state of the United States or of the District of Columbia that has a credit rating of “Prime-1” (or the equivalent grade) or higher from Moody’s or “A-1” (or the equivalent grade) or higher from S&P or R-1
high (or the equivalent grade) or higher by DBRS; or 

  
 9 

 (ii) any Lender (or its holding company) organized under the laws of Canada
or any province or territory thereof or any state of the United States or of the District of Columbia that has a credit rating of “Prime-1” (or the equivalent grade) or higher from Moody’s or “A-1” (or the equivalent grade)
or higher from S&P or R-1 high (or the equivalent grade) or higher by DBRS; 
 (c) any certificate of
deposit, time deposit or bankers acceptance, maturing not more than 180 days after its date of issuance, which is issued by either 
 (i) any bank, trust company or savings and loan association organized under the laws of Canada (or any province or territory thereof) or the United States (or any state thereof) and which has (x) a
credit rating of “Prime-1” (or the equivalent grade) or higher from Moody’s or “A-1” (or the equivalent grade) or higher from S&P or A (or the equivalent grade) or higher from DBRS and (y) a combined capital and
surplus greater than $750,000,000, or 
 (ii) any Lender that has (x) a credit rating of “Prime-1”
(or the equivalent grade) or higher from Moody’s or “A-1” (or the equivalent grade) or higher from S&P or A or higher from DBRS and (y) a combined capital and surplus greater than $750,000,000; 

(d) any repurchase agreement having a term of 30 days or less entered into with any Lender or any commercial institution
satisfying the criteria set forth in clause (c)(i) which 
 (i) is secured by a fully perfected
security interest in any obligation of the type described in clause (a), and 
 (ii) has a market
value at the time such repurchase agreement is entered into of not less than 100% of the repurchase obligation of such commercial institution thereunder; or 
 (e) investments, classified in accordance with GAAP as current assets of the Borrowers or any of their Subsidiaries, in any money market fund that (i) has substantially all of its assets invested
continuously in investments of the character, quality and maturity referred to in clauses (a) through (d) above, (ii) has net assets of not less than $1,000,000,000 and (iii) has the highest rating obtainable from any of S&P
or Moody’s or DBRS. 
 “Cash Management Agreement” means any agreement to provide cash management
services, including treasury, depository, overdraft, credit or debit card, electronic funds transfer and other cash management arrangements. 
 “Cash Management Bank” means any Person that, at the time it enters into a Cash Management Agreement, is a Lender or an Affiliate of a Lender, in its capacity as a party to such Cash
Management Agreement. 
 “Casualty Event” means the damage or destruction, or any taking under power of eminent
domain or by condemnation, expropriation or similar proceeding, of any property of any Person or any of its Subsidiaries. 

  
 10 

 “CDOR Rate” means, for a particular term, the discount rate per annum,
calculated on the basis of a year of 365 days, equal to the average rate per annum for Canadian BAs having such term that appears on the Reuters Screen CDOR Page (or any successor page) as of 10:00 a.m., Toronto time, on the first day of such term
as determined by the Administrative Agent or, if such rate is not available at such time, the discount rate for Canadian BAs accepted by the Administrative Agent having such term as calculated by the Administrative Agent in accordance with normal
market practice on such date. 
 “CERCLA” means the Comprehensive Environmental Response, Compensation and
Liability Act of 1980, as amended. 
 “CERCLIS” means the Comprehensive Environmental Response Compensation
Liability Information System List. 
 “CFC Subsidiary” shall mean any direct or indirect Subsidiary of any U.S.
Borrower or U.S. Subsidiary that is a “controlled foreign corporation” within the meaning of Section 957 of the Code. 
 “Change in Control” means 
 (a) the failure of the
Parent at any time to directly or indirectly own beneficially and of record on a fully diluted basis 100% of the outstanding Capital Securities of the other Borrower (except if such Borrower has been disposed of, transferred or merged or
consolidated with or to another Person in accordance with the terms of this Agreement), such Capital Securities to be held free and clear of all Liens (other than Liens granted under a Loan Document or under a Second Lien Loan Document); 

(b) any person or group (within the meaning of Sections 13(d) and 14(d) under the Exchange Act), excluding the
Permitted Holders, shall: (i) become the ultimate “beneficial owner” (as defined in Rules 13d-3 and 13d-5 under the Exchange Act), directly or indirectly, of Voting Securities on a fully diluted basis representing more than 35% of the
Voting Securities of the Parent on a fully diluted basis; and (ii) such person or group shall also become the ultimate “beneficial owner” directly or indirectly of Voting Securities on a fully diluted basis representing more than the
aggregate of such Voting Securities of the Parent on a fully diluted basis then held by the Permitted Holders; 

(c) during any period of 24 consecutive months, individuals who at the beginning of such period constituted the Board of
Directors of the Parent (together with any new directors whose election to such Board or whose nomination for election by the stockholders of the Parent was approved by a vote of a majority of the directors then still in office who were either
directors at the beginning of such period or whose election or nomination for election was previously so approved) cease for any reason to constitute a majority of the Board of Directors of the Parent then in office; or 

  
 11 

 (d) the occurrence of any “Change of Control” (or similar
term) under (and as defined in) any document governing Indebtedness that is outstanding in an amount greater than $20,000,000. 

“Change in Law” means (a) any change arising from the enactment or enforcement of the Dodd-Frank Wall Street Reform
and Consumer Protection Act of 2010, as amended, or any rules, regulations, interpretations, guidelines or directives promulgated thereunder, or (b) the occurrence, after the date of this Agreement, of any of the following: (i) the
adoption or taking effect of any law, rule, regulation or treaty, (ii) any change in any law, rule, regulation or treaty or in the administration, interpretation or application thereof by any Governmental Authority or (iii) the making or
issuance of any request, guideline or directive (whether or not having the force of law) by any Governmental Authority. 

“Closing Date” means the date of the initial Credit Extension hereunder. 

“Closing Date Certificate” means the closing date certificate executed and delivered by an Authorized Officer of the
Borrowers in form and substance satisfactory to the Administrative Agent. 
 “Code” means the Internal Revenue
Code of 1986, and the regulations thereunder, in each case as amended, reformed or otherwise modified from time to time. 

“Collateral Agent” is defined in the preamble. 

“Commitment” means, as the context may require, the Term Loan Commitment, the Revolving Loan Commitment, the Letter of
Credit Commitment or the Swing Line Loan Commitment. 
 “Commitment Amount” means, as the context may require,
the Term Loan Commitment Amount, the Revolving Loan Commitment Amount, the Letter of Credit Commitment Amount or the Swing Line Loan Commitment Amount. 
 “Commitment Termination Date” means, as the context may require, the Term Loan Commitment Termination Date or the Revolving Loan Commitment Termination Date. 

“Commitment Termination Event” means 

(a) the occurrence of any Event of Default with respect to any Borrower described in clauses (a) through
(d) of Section 8.1.9; or 
 (b) the occurrence and continuance of any other Event of
Default and either 
 (i) the declaration of all or any portion of the Loans to be due and payable pursuant to
Section 8.3, or 
 (ii) the giving of notice by the Administrative Agent, acting at the direction of
the Required Lenders, to the Borrowers that the Commitments have been terminated. 

  
 12 

 “Commodity Exchange Act” means that Commodity Exchange Act (7 U.S.C. §
1 et seq.), as amended from time to time, and any successor statute. 
 “Company” is defined in the
preamble. 
 “Compliance Certificate” means a certificate duly completed and executed by an Authorized
Officer of the Borrowers, substantially in the form of Exhibit E hereto, together with such changes thereto as the Administrative Agent may from time to time request for the purpose of monitoring the Borrowers’ compliance with the
financial covenants contained herein. 
 “Connection Income Taxes” means with respect to any Secured Party,
Taxes that are (a) imposed on or measured by net income (however denominated) or that are franchise Taxes or branch profits Taxes and (b) imposed as a result of a present or former connection between such Secured Party and the jurisdiction
imposing such Tax (other than present or former connections arising solely from such Secured Party having executed, delivered, become a party to, performed its obligations under, received payments under, received or perfected a security interest
under, engaged in any other transaction pursuant to or enforced any Loan Document, or sold or assigned an interest in any Loan or Loan Document). 
 “Consolidated EBITDA” means, for any applicable period, the sum of (a) Net Income plus (b) to the extent deducted in determining Net Income, the sum of (i) income tax
expense, (ii) interest expense, (iii) amounts attributable to the depreciation and amortization of assets, (iv) foreign exchange gains and losses, (v) extraordinary or unusual cash charges that are non-recurring in an amount not
to exceed during any period of four consecutive Fiscal Quarters 15% of Consolidated EBITDA for such period (as calculated before giving effect to any addbacks pursuant to this clause (v) or clause (vii) below) for the applicable period,
(vi) extraordinary or unusual and non-recurring non-cash charges that do not represent a cash item in the applicable period or any future period, (vii) with respect to Consolidated EBITDA for the Parent, amounts attributable to
restructuring costs (in an amount not to exceed during any period of four consecutive Fiscal Quarters 15% of Consolidated EBITDA for such period (as calculated before giving effect to any addbacks pursuant to clause (v) above or this
clause (vii) for the applicable period), (viii) costs and expenses incurred in connection with (x) the credit facilities under this Agreement and the Second Lien Credit Agreement and (y) any Permitted Acquisition; provided
that, for purposes of this clause (y), the amount of costs and expenses relating to any Permitted Acquisition that may be added back to Net Income pursuant to clause (b)(viii) hereof shall not exceed an amount equal to 10% of
the purchase price for such Permitted Acquisition, (ix) non-cash charges and losses attributable to stock-based compensation expense, (x) non-cash charges with respect to the write-down or impairment of goodwill and other intangibles, and
(xi) without limiting the foregoing, costs and expenses incurred in connection with acquisition and disposition activity (whether or not consummated) during the fiscal quarter ended January 31, 2013, in an aggregate amount not to exceed
$6,500,000; minus (c) to the extent (and only to the extent) included in determining Net Income, income attributable to the cancellation of Indebtedness issued by an Obligor (including as a result of a debt exchange); and
provided, further, for all purposes hereunder, “Consolidated EBITDA” for the Fiscal Quarter ending January 31, 2012 shall be deemed to be $21,400,000, for the Fiscal Quarter ending April 30, 2012 shall be
deemed to be $26,400,000, for the Fiscal Quarter ending July 31, 2012 shall be deemed to be $12,400,000, and for the Fiscal Quarter ending October 31, 2012 shall be deemed to be $23,600,000, subject in each case to any pro forma
adjustments pursuant to Section 1.4. 

  
 13 

 “Consolidated First Lien Debt” means, on any date, in respect of the Parent
and its Subsidiaries on a consolidated basis, that portion of Consolidated Total Debt that is secured by a Lien on any assets of the Parent or any Subsidiary which Lien is not expressly contractually subordinated to the Liens securing the
Obligations. 
 “Consolidated Total Debt” means, on any date, in respect of the Parent and its Subsidiaries on
a consolidated basis, (a) the sum (without duplication) of (i) the outstanding principal amount of all Indebtedness of the Parent and its Subsidiaries of the type referred to in clause (a), clause (b) (which, in the
case of Letter of Credit Outstandings, shall exclude obligations of the type described in clause (a) of the definition of each of “Canadian Letter of Credit Outstandings” and “U.S. Letter of Credit
Outstandings”) and clause (c), in each case of the definition of “Indebtedness” and any Contingent Liability in respect of any of the foregoing, plus (ii) to the extent (but only to the extent) not
permitted by clause (m) of Section 7.2.2, Indebtedness of the type described in such clause (m) minus (b) the unrestricted cash of the Parent and its Subsidiaries as of such date up to a maximum of
$40,000,000; provided that such cash shall not be subject to any Lien other than a Lien in favor of the Collateral Agent for the benefit of the Secured Parties and other than Liens permitted under Section 7.2.3(f) and
Section 7.2.3(k). 
 “Consolidated Working Capital” means, as at any date of determination, the
excess of 
 (a) the total assets of the Parent and its Subsidiaries on a consolidated basis that may properly be
classified as current assets in conformity with GAAP, excluding cash, Cash Equivalent Investments and deferred tax assets 
 over 
 (b) the total liabilities of the Parent and its
Subsidiaries on a consolidated basis that may properly be classified as current liabilities in conformity with GAAP, excluding the current portion of long term debt and excluding any outstanding Revolving Loan and excluding any deferred tax
liabilities. 
 “Consolidated Working Capital Adjustment” means, for any Fiscal Year, the amount (which may be
a negative number) by which Consolidated Working Capital as of the end of such Fiscal Year exceeds (or is less than) Consolidated Working Capital as of the beginning of such Fiscal Year. 

“Contingent Liability” means any agreement, undertaking or arrangement by which any Person guarantees, endorses or
otherwise becomes or is contingently liable upon (by direct or indirect agreement, contingent or otherwise, to provide funds for payment, to supply funds to, or otherwise to invest in, a debtor, or otherwise to assure a creditor against loss) the
Indebtedness of any other Person (other than by endorsements of instruments in the course of collection), or guarantees the payment of dividends or other distributions upon the Capital Securities of any other Person. The amount of any Person’s
obligation under any Contingent Liability shall (subject to any limitation set forth therein) be deemed to be the outstanding principal amount of the debt, obligation or other liability guaranteed thereby. 

  
 14 

 “Continuation/Conversion Notice” means a Canadian Revolving Loan
Continuation/Conversion Notice or a Term Loan/U.S. Revolving Loan Continuation/Conversion Notice. 
 “Controlled
Group” means all members of a controlled group of corporations and all members of a controlled group of trades or businesses (whether or not incorporated) under common control which, together with any Borrower, are treated as a single
employer under Section 414(b) or 414(c) of the Code or Section 4001 of ERISA (and Sections 414(m) and (o) of the Code for purposes of provisions relating to Section 412 of the Code). 

“Controlled Investment Affiliate” means, with respect to the Sponsor, any other person that (i) is organized
primarily for the purpose of making equity or debt investments in one or more Persons and (ii) is directly or indirectly Controlled by the Sponsor; provided that “Controlled Investment Affiliate” shall exclude any
portfolio company of the Sponsor. 
 “Copyright Security Agreement” means any Copyright Security Agreement
executed and delivered by any Obligor in substantially the form attached as an Exhibit to the U.S. Pledge and Security Agreement, as amended, supplemented, amended and restated or otherwise modified from time to time. 

“Core Intellectual Property Assets” means those Intellectual Property Assets that are material to and used by the Parent
or its Subsidiaries in the business of providing business communications and collaboration software and services. 

“Credit Extension” means, as the context may require, 

(a) the making of a Loan by a Lender (including the acceptance of a Canadian BA); or 

(b) the issuance of any Letter of Credit, or the extension of any Stated Expiry Date of any existing Letter of Credit, by
an Issuer. 
 “Currency” means, as the context may require, U.S. Dollars or Canadian Dollars. 

“DBRS” means DBRS Limited. 
 “Debtor Relief Laws” means the Bankruptcy Code of the United States, the Bankruptcy and Insolvency Act (Canada), the Companies’ Creditors Arrangement Act (Canada) and all other
domestic or foreign liquidation, conservatorship, bankruptcy, assignment for the benefit of creditors, moratorium, arrangement (including under any relevant incorporating statute) rearrangement, receivership, insolvency, reorganization, judicial
management, administration or relief of debtors or similar debtor relief laws of the United States, Canada or other applicable jurisdictions from time to time in effect and affecting the rights of creditors generally. 

  
 15 

 “Default” means any Event of Default or any condition, occurrence or event
which, after notice or lapse of time or both, would constitute an Event of Default. 
 “Defaulting Lender”
means, subject to Section 12.18.2, any Lender that (a) has failed to (i) fund all or any portion of its Loans within two Business Days of the date such Loans were required to be funded hereunder unless such Lender notifies the
Administrative Agent and the Borrower in writing that such failure is the result of such Lender’s determination that one or more conditions precedent to funding (each of which conditions precedent, together with any applicable default, shall be
specifically identified in such writing) has not been satisfied, or (ii) pay to the Administrative Agent, the Issuer, the Swing Line Lender or any other Lender any other amount required to be paid by it hereunder (including in respect of its
participation in Letters of Credit or Swing Line Loans) within two Business Days of the date when due, (b) has notified the Borrower, the Administrative Agent, the Issuer or the Swing Line Lender in writing that it does not intend to comply
with its funding obligations hereunder, or has made a public statement to that effect (unless such writing or public statement relates to such Lender’s obligation to fund a Loan hereunder and states that such position is based on such
Lender’s determination that a condition precedent to funding (which condition precedent, together with any applicable default, shall be specifically identified in such writing or public statement) cannot be satisfied), (c) has failed,
within three Business Days after written request by the Administrative Agent or the Borrower, to confirm in writing to the Administrative Agent and the Borrower that it will comply with its prospective funding obligations hereunder (provided
that such Lender shall cease to be a Defaulting Lender pursuant to this clause (c) upon receipt of such written confirmation by the Administrative Agent and the Borrower), or (d) has, or has a direct or indirect parent company that
has, (i) become the subject of a proceeding under any Debtor Relief Law, or (ii) had appointed for it a receiver, custodian, conservator, curator, 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, the Canada Deposit Insurance Corporation or any other state or federal regulatory authority acting in the same or any similar 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 Canada or from the enforcement of judgments or writs of attachment on its assets or permit such Lender (or such
Governmental Authority) to reject, repudiate, disavow or disaffirm any contracts or agreements made with such Lender. Any determination by the Administrative Agent that a Lender is a Defaulting Lender under any one or more of clauses (a)
through (d) above, 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 12.18.2) as of the date
established therefor by the Administrative Agent in a written notice of such determination, which shall be delivered by the Administrative Agent to the Borrower, the Issuer, the Swing Line Lender and each other Lender promptly following such
determination. 
 “Default Rate” shall have the meaning provided in Section 3.2.2. 

“Disbursement Date” is defined in Section 2.6.3. 

  
 16 

 “Disclosure Schedule” means the Disclosure Schedule attached hereto as
Schedule I, as it may be amended, supplemented, amended and restated or otherwise modified from time to time by the Borrowers with the written consent of the Required Lenders. 

“Discount Rate” means, on any day, for a particular term (a) in respect of any Canadian BA accepted by a Lender
named in Schedule I to the Bank Act (Canada), the CDOR Rate on such day for such term; and (b) in respect of any Canadian BA or Acceptance Note, as the case may be, accepted by a Lender that is not named in Schedule I to the Bank Act
(Canada), the lesser of (i) the bid rate (rounded upwards to the nearest 1/100th of 1%) quoted by such Lender as being the discount rate of such Lender calculated on the basis of a year of 365 days and determined in accordance with normal
market practice for a bankers’ acceptance having a face amount comparable to the amount of such Canadian BA for the applicable interest period as of 10:00 a.m. Toronto time, on such day for Canadian BAs of such Lender for a comparable term, and
(ii) the CDOR Rate plus 0.10% per annum. 
 “Disposition” (or similar words such as
“Dispose”) means any sale, transfer, lease, contribution, disposition or other conveyance (including by way of merger) of, or the granting of options, warrants or other rights to, any of the Borrowers’ or their
Subsidiaries’ assets (including the sale transfer or other conveyance of accounts receivable but excluding the sale or issuance of Capital Securities of the Parent) to any other Person (other than to another Obligor) in a single transaction or
series of transactions but excluding sales of inventory in the ordinary course of business. 
 “Disqualified Capital
Stock” shall mean any Capital Security which, by its terms (or by the terms of any security into which it is convertible or for which it is exchangeable or exercisable), or upon the happening of any event, (a) matures (excluding any
maturity as the result of an optional redemption by the issuer thereof) or is mandatorily redeemable, pursuant to a sinking fund obligation or otherwise, or is redeemable at the option of the holder thereof, in whole or in part, on or prior to the
date that is one year after the Stated Maturity Date with respect to the Term Loans, (b) is convertible into or exchangeable or exercisable (unless at the sole option of the issuer thereof) for (i) debt securities or other indebtedness or
(ii) any Capital Securities referred to in clause (a) above, in each case at any time on or prior to the date that is one year after the Stated Maturity Date with respect to the Term Loans, or (c) contains any repurchase or payment
obligation which may come into effect prior to the date that is one year after the Stated Maturity Date with respect to the Term Loans. 
 “Disqualified Lenders” shall mean those operating companies that are engaged in the business of the Borrowers as described in the most recent 10-K of the Parent as their primary business
that are set forth on Schedule 1.01 to the Disclosure Schedule and those additional companies with such business as their primary business that the Borrower may designate from time to time. 

“ECF Percentage” means, if on the last day of the applicable Fiscal Year, the Leverage Ratio is (a) greater than or
equal to 2.25:1.00, 75%, (b) less than 2.25:1.00 but greater than 1.75:1.00, 50%, (c) less than or equal to 1.75:1.00 but greater than 1.25:1.00, 25% and (d) less than or equal to 1.25:1.00, 0%. 

  
 17 

 “Effective Date” means the date this Agreement becomes effective pursuant
to Section 12.8. 
 “Eligible Assignee” means (a) a Lender; (b) an Affiliate of a Lender;
(c) an Approved Fund; or (d) any other Person (other than a natural Person, any Obligor, any Affiliate of any Obligor or any other Person taking direction from, or working in concert with, any Obligor or any of the Obligor’s
Affiliates). 
 “Engagement Letter” means the letter dated as of June 28, 2012 (as amended), regarding,
among other things, the administration fees for this credit facility. 
 “Environmental Laws” means all
applicable federal, state, provincial, territorial, foreign or local statutes, laws, ordinances, codes, rules, regulations and guidelines (including consent decrees and administrative orders) relating to public health and safety, natural resources
or protection of the environment. 
 “ERISA” means the Employee Retirement Income Security Act of 1974, as
amended, and any successor statute thereto of similar import, together with the regulations thereunder, in each case as in effect from time to time. References to Sections of ERISA also refer to any successor Sections thereto. 

“Event of Default” is defined in Section 8.1. 

“Excess Cash Flow” means, for any Fiscal Year, the excess (if any), of 

(a) Consolidated EBITDA for such Fiscal Year; 

over 
 (b) the sum (for such Fiscal Year) of (i) Interest Expense actually paid in cash by the Parent and its Subsidiaries, (ii) scheduled principal repayments, to the extent actually made, of
capitalized leases and of Term Loans pursuant to clause (c) of Section 3.1.1 (exclusive of repayments made from a refinancing of any portion of such Indebtedness, or pursuant to Section 3.1.1, or made, directly or
indirectly, in connection with a cancellation of Indebtedness of any Obligor, including as a result of any exchange or cancellation of such Indebtedness by such Obligor or any of its Affiliates), (iii) all income Taxes actually paid in cash by
the Parent and its Subsidiaries, (iv) Capital Expenditures made in cash (exclusive of Capital Expenditures financed with the proceeds of Indebtedness, equity issuances, casualty proceeds or other proceeds which are not included in Consolidated
EBITDA), (v) without limiting clause (ii) above, other voluntary prepayments of Indebtedness (exclusive of any prepayments of revolving Indebtedness unless a corresponding reduction is made to the commitments with respect thereto),
(vi) permitted Investments made during such Fiscal Year, (vii) the cash portion of any consideration and related fees and expenses actually paid in connection with a Permitted Acquisition; (viii) the Consolidated Working Capital
Adjustment for such Fiscal Year; and (ix) all cash charges to the extent added back to Net Income pursuant to clauses (iv), (v), (vii), (viii) and (ix) of the definition of “Consolidated
EBITDA” for purposes of determining Consolidated EBITDA for such Fiscal Year. 

  
 18 

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

 “Excluded Swap Obligations” means, with respect to any Guarantor, any Swap Obligation if, and to the extent
that, all or a portion of the Guarantee of such Guarantor of, or the grant by such Guarantor of a security interest to secure, such Swap Obligation (or any Guarantee thereof) is or becomes illegal under the Commodity Exchange Act or any rule,
regulation or order of the Commodity Futures Trading Commission (or the application or official interpretation of any thereof). 

“Exemption Certificate” is defined in clause (f) of Section 4.6. 

“Existing Credit Agreements” means, collectively, (i) that certain First Lien Credit Agreement dated as of
August 16, 2007 among Mitel Networks Corporation, Mitel Networks, Inc., Mitel US Holdings, Inc., Arsenal Acquisition Corporation, Morgan Stanley Senior Funding (Nova Scotia) Co., as Canadian Administrative Agent, Wilmington Trust FSB, as U.S.
Administrative Agent, and the various financial institutions party thereto from time to time and (ii) that certain Second Lien Credit Agreement dated as of August 16, 2007 among Mitel Networks Corporation, Mitel US Holdings, Inc., Morgan
Stanley Senior Funding, Inc. as Administrative Agent, and the various financial institutions party thereto from time to time, in each case as amended, restated, supplemented or modified from time to time. 

“Existing Maturity Date” is defined in Section 2.10. 

“FATCA” means Sections 1471 through 1474 of the Code, as of the date of this Agreement (or any amended or successor
version that is substantively comparable and not materially more onerous to comply with) and any current or future regulations or official interpretations thereof. 
 “Federal Funds Rate” means, for any period, a fluctuating interest rate per annum equal for each day during such period to 

(a) the weighted average of the rates on overnight federal funds transactions with members of the Federal Reserve System
arranged by federal funds brokers, as published for such day (or, if such day is not a Business Day, for the next preceding Business Day) by the Federal Reserve Bank of New York; or 

(b) if such rate is not so published for any day which is a Business Day, the average of the quotations for such day on
such transactions received by the Administrative Agent from three federal funds brokers of recognized standing selected by it. 

“Filing Agent” is defined in Section 5.1.14. 

“Filing Statements” is defined in Section 5.1.14. 

  
 19 

 “First Lien Leverage Ratio” means, as of the last day of any Fiscal Quarter
of the Parent and its Subsidiaries, the ratio of 
 (a) Consolidated First Lien Debt outstanding on the last day
of such Fiscal Quarter 
 to 

(b) Consolidated EBITDA computed for the period consisting of such Fiscal Quarter and each of the three immediately
preceding Fiscal Quarters. 
 “First-Tier CFC Subsidiary” shall mean any CFC Subsidiary that is owned either
(i) directly by a U.S. Borrower or a U.S. Subsidiary, or (ii) indirectly by a U.S. Borrower or a U.S. Subsidiary through one or more intermediate entities, each of which is a U.S. person within the meaning of Section 7701(a)(30) of
the Code or a disregarded entity under the Code. 
 “Fiscal Quarter” means a quarter ending on the last day of
April, July, October or January. 
 “Fiscal Year” means any period of twelve consecutive calendar months ending
on April 30; references to a Fiscal Year with a number corresponding to any calendar year (e.g., the “2013 Fiscal Year”) refer to the Fiscal Year ending on April 30 of such calendar year. 

“Fixed Rate Loan” means a LIBO Rate Loan or a Canadian BA. 

“Floating Rate Loan” means a Canadian Prime Rate Loan or an Alternate Base Rate Loan. 

“Foreign Pledge Agreement” means any supplemental pledge agreement governed by the laws of a jurisdiction other than the
United States or any state thereof executed and delivered by any Borrower or any of its Subsidiaries pursuant to the terms of this Agreement, in form and substance satisfactory to the Administrative Agent, as may be necessary or desirable under the
laws of organization or incorporation of a Subsidiary to further protect or perfect the Lien on and security interest in any Collateral (as defined in a Security Agreement). 
 “Foreign Subsidiary” means any Subsidiary that is not a U.S. Subsidiary. 
 “F.R.S. Board” means the Board of Governors of the Federal Reserve System or any successor thereto. 
 “Fronting Exposure” means, at any time there is a Defaulting Lender that is a Revolving Loan Lender, (a) with respect to any Issuer, such Defaulting Lender’s Percentage of the
outstanding Letter of Credit Outstandings other than Letter of Credit Outstandings as to which such Defaulting Lender’s participation obligation has been reallocated to other Revolving Loan Lenders or Cash Collateralized in accordance with the
terms hereof, and (b) with respect to any Swing Line Lender, such Defaulting Lender’s Percentage of Swing Line Loans other than Swing Line Loans as to which such Defaulting Lender’s participation obligation has been reallocated to
other Revolving Loan Lenders or Cash Collateralized in accordance with the terms hereof. 
 “GAAP” is defined
in Section 1.4. 

  
 20 

 “Governmental Authority” means the government of the United States, Canada,
any other nation or any political subdivision thereof, whether state, provincial or local, and any agency, authority, instrumentality, regulatory body, court, central bank or other Person exercising executive, legislative, judicial, taxing,
regulatory or administrative powers or functions of or pertaining to government. 
 “Guarantor” means,
collectively, each Borrower, each Subsidiary Guarantor and each other party that has guaranteed the Obligations. 

“Guaranty” means, as the context may require, the Subsidiary Guaranty or any other guarantee delivered by a Guarantor.

 “Hazardous Material” means 

(a) any “hazardous substance”, as defined by CERCLA; 

(b) any “hazardous waste”, as defined by the Resource Conservation and Recovery Act, as amended; or 

(c) any pollutant or contaminant or hazardous, dangerous, regulated or toxic chemical, material or substance (including
any petroleum product or by-product) within the meaning of, or subject to, any applicable federal, state, provincial, territorial, foreign or local law, regulation, ordinance or requirement (including consent decrees and administrative orders)
relating to or imposing liability, obligations or standards of conduct relating to public health and safety, natural resources or protection of the environment, all as amended. 

“Hedging Obligations” means, with respect to any Person, all liabilities of such Person under currency exchange
agreements, interest rate swap agreements, interest rate cap agreements and interest rate collar agreements, and all other agreements or arrangements designed to protect such Person against fluctuations in interest rates or currency exchange rates.

 “herein”, “hereof”, “hereto”, “hereunder” and similar
terms contained in any Loan Document refer to such Loan Document as a whole and not to any particular Section, paragraph or provision of such Loan Document. 
 “Holdings” is defined in the preamble. 

“Immaterial Subsidiary” means any Subsidiary that, when considered in the aggregate with all subsidiaries that are not
at such time Guarantors, would not cause (i) the aggregate Consolidated EBITDA of the non-Guarantor Subsidiaries plus, without duplication, such Subsidiary, to exceed 5% of the Consolidated EBITDA of the Parent and its Subsidiaries,
(ii) the aggregate assets of the non-Guarantor Subsidiaries (excluding intercompany balances) plus, without duplication, such Subsidiary, to exceed 5% of the assets of the Parent and its Subsidiaries on a consolidated basis or (iii) the
aggregate gross revenue of the non-Guarantor Subsidiaries plus, without duplication, such Subsidiary, to exceed 5% of the gross revenue of the Parent and its Subsidiaries on a consolidated basis. 

  
 21 

 “Impermissible Qualification” means any qualification or exception to the
opinion or certification of any independent public accountant as to any financial statement of any Borrower 

(a) which is of a “going concern” or similar nature; 

(b) which relates to the limited scope of examination of matters relevant to such financial statement; or 

(c) which relates to the treatment or classification of any item in such financial statement and which, as a condition to
its removal, would require an adjustment to such item the effect of which would be to cause the Borrowers to be in Default. 

“including” and “include” means “including without limitation”. 

“Incremental Facilities” is defined in Section 2.9. 

“Indebtedness” of any Person means: 

(a) all obligations of such Person for borrowed money or advances and all obligations of such Person evidenced by bonds,
debentures, notes or similar instruments; 
 (b) all obligations, contingent or otherwise, relative to the face
amount of all letters of credit, whether or not drawn, and banker’s acceptances issued for the account of such Person; 
 (c) all Capitalized Lease Liabilities of such Person; 
 (d) net
Hedging Obligations of such Person; 
 (e) whether or not so included as liabilities in accordance with GAAP, all
obligations of such Person to pay the deferred purchase price of property or services (excluding trade accounts and other current liabilities incurred in the ordinary course of business which are not overdue for a period of more than 120 days or, if
overdue for more than 120 days, as to which a dispute exists and adequate reserves in conformity with GAAP have been established on the books of such Person), and indebtedness secured by (or for which the holder of such indebtedness has an existing
right, contingent or otherwise, to be secured by) a Lien on property owned or being acquired by such Person (including indebtedness arising under conditional sales or other title retention agreements), whether or not such indebtedness shall have
been assumed by such Person or is limited in recourse; 
 (f) obligations arising under Synthetic Leases; and

 (g) all Contingent Liabilities of such Person in respect of any of the foregoing. 

  
 22 

 The Indebtedness of any Person shall include the Indebtedness of any other Person (including
any partnership in which such Person is a general partner) to the extent such Person is liable therefor as a result of such Person’s ownership interest in or other relationship with such other Person, except to the extent the terms of such
Indebtedness provide that such Person is not liable therefor. 
 “Indemnified Liabilities” is defined in
Section 12.4. 
 “Indemnified Parties” is defined in Section 12.4. 

“Intellectual Property Assets” means, collectively and without duplication, the “Intellectual Property
Collateral” (as defined in the U.S. Pledge and Security Agreement), and any similar term as defined in the Canadian Pledge and Security Agreement and in the U.K. Security Agreement, and shall include terms of similar meaning referring to
the intellectual property of the Obligors in any other Security Agreement. 
 “Interco Subordination Agreement”
means a Subordination Agreement, in substantially the form of Exhibit H to this Agreement (as such Subordination Agreement may be amended, endorsed or otherwise modified from time to time). 

“Intercreditor Agreement” means the Intercreditor Agreement, dated the date hereof and substantially in the form of
Exhibit I hereto, executed and delivered by the Obligors, the Administrative Agent, the Collateral Agent and the Second Lien Agent, pursuant to the terms of this Agreement, as amended, supplemented, amended and restated or otherwise modified from
time to time. 
 “Interest Expense” means, for any applicable period, the aggregate interest expense (both
accrued and paid and net of interest income paid during such period to any Borrower and its Subsidiaries) of any Borrower and its Subsidiaries for such applicable period, including the portion of any payments made in respect of Capitalized Lease
Liabilities allocable to interest expense. 
 “Interest Period” means, (a) relative to any LIBO Rate Loan,
the period beginning on (and including) the date on which such LIBO Rate Loan is made or continued as, or converted into, a LIBO Rate Loan pursuant to Sections 2.3 or 2.4 and shall end on (but exclude) the day which numerically
corresponds to such date one, two, three, six, or, if agreed to by each Lender, any other period that is twelve months or less thereafter (or, if such month has no numerically corresponding day, on the last Business Day of such month), in any case
as the applicable Borrower may select in its relevant notice pursuant to Sections 2.3 or 2.4 and (b) relative to any Canadian BA or Acceptance Note, the period beginning on (and including) the date on which such Canadian BA
is accepted or rolled over pursuant to Section 2.4 or such Acceptance Note is issued pursuant to Section 2.8.3 and continuing to (but excluding) the date which is approximately 30, 60, 90 or 180 days thereafter (subject to
availability) as the Canadian Borrower may select in its relevant notice pursuant to Section 2.3 or 2.4; provided, that, 
 (i) the Borrowers shall not be permitted to select Interest Periods to be in effect at any one time which have expiration dates occurring on more than seven different dates; 

  
 23 

 (ii) if such Interest Period would otherwise end on a day which is not a
Business Day, such Interest Period shall end on the next following Business Day (unless such next following Business Day is the first Business Day of a calendar month, in which case such Interest Period shall end on the Business Day next preceding
such numerically corresponding day); and 
 (iii) no Interest Period for any Loan may end later than the Stated
Maturity Date for such Loan. 
 “Investment” means, relative to any Person, 

(a) any loan, advance or extension of credit made by such Person to any other Person, including the purchase by such
Person of any bonds, notes, debentures or other debt securities of any other Person; 
 (b) Contingent
Liabilities in respect of any other Person; and 
 (c) any Capital Securities held by such Person in any other
Person. 
 The amount of any Investment shall be the original principal or capital amount thereof less all returns of principal or equity
thereon actually received in cash and shall, if made by the transfer or exchange of property other than cash, be deemed to have been made in an original principal or capital amount equal to the fair market value of such property at the time of such
Investment. 
 “ISP Rules” means, with respect to any Letter of Credit, the “International Standby
Practices 1998” published by the Institute of International Banking Law & Practice, Inc. (or such later version thereof as may be in effect at the time of issuance). 

“Issuance Request” means an application and agreement for the issuance or amendment of a Letter of Credit in the form
from time to time in use by the Issuer. 
 “Issuer” means (a) Bank of America, N.A. in its capacity as the
Issuer of the Letters of Credit issued for the account of the U.S. Borrower and (b) Bank of America Canada in its capacity as the Issuer of the Letters of Credit issued for the account of the Canadian Borrower. At the request of Bank of
America, N.A. and with the Borrowers’ consent (not to be unreasonably withheld), another Lender or an Affiliate of Bank of America, N.A. may issue one or more Letters of Credit hereunder. 

“Issuer Documents” means with respect to any Letter of Credit, the Issuance Request and any other document, agreement
and instrument entered into by any Issuer and the Borrowers or in favor of any Issuer and relating to such Letter of Credit. 

“Judgment Currency” is defined in Section 12.16. 

“L/C Advance” means, with respect to each Revolving Loan Lender, such Lender’s funding of its participation in any
L/C Borrowing in accordance with its Revolving Loan Percentage. All L/C Advances shall be denominated in Dollars or Canadian Dollars, as further provided herein. 

  
 24 

 “L/C Borrowing” means an extension of credit resulting from a drawing under
any Letter of Credit which has not been reimbursed on the date when made or refinanced as a Revolving Loan Borrowing. All L/C Borrowings shall be denominated in Dollars or Canadian Dollars, as further provided herein. 

“Lease Purchaser” means any Person in the business of purchasing or otherwise securitizing revenue streams from lease
transactions including those entities listed in Schedule 1.02 to the Disclosure Schedule. 
 “Lease Purchase
Transaction” means (a) the sale and assignment by a Borrower or any of its Subsidiaries to a Lease Purchaser of all or a portion of such Person’s right, title and interest in and to a lease, installment sale contract or other
chattel paper and the schedules, addendums and amendments thereto arising from the leasing by such Person of telecommunications or related equipment or support products (or, to the extent recharacterized as a financing, all Indebtedness secured by a
first priority perfected security interest in such right, title and interest, each a “Purchased Lease”), including all payments to become due thereunder and all guaranties and collateral pertaining thereto, (b) the granting of
(or assignment of) a first priority perfected security interest in the Purchased Leases, all telecommunications and other equipment subject to or covered by the Purchased Leases, together with all replacements and substitutions of the foregoing and
all attachments, accessories, accessions, parts and components thereto, and any lock –box account into which payments are made in connection with the Purchased Leases, whether now or are hereafter acquired, and all proceeds thereof (including
insurance proceeds) (the “Purchased Lease Collateral”) and (c) where applicable, the assignment of all residual rights in such equipment and the proceeds therefrom (“Residual Positions”), in each case for the
foregoing clauses (a) through (c) on terms and conditions generally consistent with the past practice of the Borrower and its Subsidiaries as of the Closing Date and without any material change to the Borrower or the applicable
Subsidiary’s liabilities thereunder. 
 “Lender Assignment Agreement” means an assignment agreement
substantially in the form of Exhibit D hereto. 
 “Lenders” is defined in the preamble.

 “Lender’s Environmental Liability” means any and all losses, liabilities, obligations, penalties,
claims, litigation, demands, defenses, costs, judgments, suits, proceedings, damages (including consequential damages), disbursements or expenses of any kind or nature whatsoever (including reasonable attorneys’ fees at trial and appellate
levels and experts’ fees and disbursements and expenses incurred in investigating, defending against or prosecuting any litigation, claim or proceeding) which may at any time be imposed upon, incurred by or asserted or awarded against any
Administrative Agent, any Lender or any Issuer or any of such Person’s Affiliates, shareholders, directors, officers, employees, and agents in connection with or arising from: 

(a) any Hazardous Material on, in, under or affecting any portion of any property of any Borrower or any of its
Subsidiaries, the groundwater thereunder, or any surrounding areas thereof to the extent caused by Releases from any Borrower’s or any of its Subsidiaries’ currently or formerly owned or operated properties or any of their respective
predecessors’ properties; 

  
 25 

 (b) any inaccuracy or breach of any representation or warranty contained in
Section 6.12 (without regard to “knowledge” or “materiality” qualifications or exceptions contained in such representations or warranties); 

(c) any actual or alleged violation or liability of any Borrower or any of its Subsidiaries pursuant to any Environmental
Laws; or 
 (d) the imposition of any Lien relating to the violation of any Environmental Law or the release or
threatened release of Hazardous Material in connection with any property owned or operated by any Borrower or any of its Subsidiaries. 
 “Letter of Credit” means, as the context may require, a Canadian Letter of Credit or a U.S. Letter of Credit. 
 “Letter of Credit Commitment” means, as the context may require, the Canadian Letter of Credit Commitment or the U.S. Letter of Credit Commitment. 

“Letter of Credit Commitment Amount” means, on any date an aggregate amount not to exceed the U.S. Dollar
Equivalent of $20,000,000, as such amount may be reduced from time to time pursuant to Section 2.2. 

“Letter of Credit Fees” means the fees payable by the Borrowers pursuant to Section 3.3.3. 

“Letter of Credit Outstandings” means, as the context may require, the Canadian Letter of Credit Outstandings or the
U.S. Letter of Credit Outstandings. 
 “Leverage Ratio” means, as of the last day of any Fiscal Quarter of the
Parent and its Subsidiaries, the ratio of 
 (a) Consolidated Total Debt outstanding on the last day of such
Fiscal Quarter 
 to 

(b) Consolidated EBITDA computed for the period consisting of such Fiscal Quarter and each of the three immediately
preceding Fiscal Quarters. 
 “LIBO Rate” means, 

(a) relative to any Interest Period for Canadian Revolving Loans denominated in U.S. Dollars and maintained as LIBO Rate
Loans, the rate of interest equal to (i) the British Bankers Association LIBOR Rate (“BBA LIBOR”), as published by Reuters (or such other commercially available source providing quotations of BBA LIBOR 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 

  
 26 

 
Period, for Dollar deposits (for delivery on the first day of such Interest Period) with a term equivalent to such Interest Period or, (ii) if such rate is not available at such time for any
reason, the rate per annum determined by the Administrative Agent to be the rate at which deposits in Dollars for delivery on the first day of such Interest Period in same day funds in the approximate amount of the LIBO Rate Loan being made,
continued or converted and with a term equivalent to such Interest Period would be offered by Bank of America’s London Branch to major banks in the London interbank eurodollar market at their request at approximately 11:00 a.m. (London time)
two Business Days prior to the commencement of such Interest Period; 
 (b) relative to any Interest Period for
Term Loans and U.S. Revolving Loans maintained as LIBO Rate Loans, the rate of interest equal to (i) BBA LIBOR, as published by Reuters (or such other commercially available source providing quotations of BBA LIBOR 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 Dollar deposits (for delivery on the first day of such Interest Period) with a term equivalent
to such Interest Period or, (ii) if such rate is not available at such time for any reason, the rate per annum determined by the Administrative Agent to be the rate at which deposits in Dollars for delivery on the first day of such Interest
Period in same day funds in the approximate amount of the LIBO Rate Loan being made, continued or converted and with a term equivalent to such Interest Period would be offered by Bank of America’s London Branch to major banks in the London
interbank eurodollar market at their request at approximately 11:00 a.m. (London time) two Business Days prior to the commencement of such Interest Period, provided that, notwithstanding this paragraph (b), with respect to Term Loans
maintained as LIBO Rate Loans, the LIBO Rate shall not at any time be less than 1.25%. 
 “LIBO Rate Loan”
means a Loan bearing interest, at all times during an Interest Period applicable to such Loan, at a rate of interest determined by reference to the LIBO Rate (Reserve Adjusted). 

“LIBO Rate (Reserve Adjusted)” means, relative to any Loan to be made, continued or maintained as, or converted into, a
LIBO Rate Loan for any Interest Period, a rate per annum (rounded upwards, if necessary, to the nearest 1/16 of 1%) determined pursuant to the following formula: 
  

					
	LIBO Rate	  	=	  	 LIBO Rate

	(Reserve Adjusted)	  		  	1.00 - LIBOR Reserve Percentage

 The LIBO Rate (Reserve Adjusted) for any Interest Period for LIBO Rate Loans will be determined by the Administrative
Agent on the basis of the LIBOR Reserve Percentage in effect two Business Days before the first day of such Interest Period. 

“LIBOR Office” means the office of a Lender designated as its “LIBOR Office” on Schedule II hereto
or in a Lender Assignment Agreement, or such other office designated from time to time by notice from such Lender to the Parent and the Administrative Agent, whether or not outside the United States, which shall be making or maintaining the LIBO
Rate Loans of such Lender. 

  
 27 

 “LIBOR Reserve Percentage” means, relative to any Interest Period for LIBO
Rate Loans, the reserve percentage (expressed as a decimal) equal to the maximum aggregate reserve requirements (including all basic, emergency, supplemental, marginal and other reserves and taking into account any transitional adjustments or other
scheduled changes in reserve requirements) specified under regulations issued from time to time by the F.R.S. Board and then applicable to assets or liabilities consisting of or including “Eurocurrency Liabilities”, as currently defined in
Regulation D of the F.R.S. Board, having a term approximately equal or comparable to such Interest Period. 

“Lien” means any security interest, mortgage, pledge, hypothecation, assignment, deposit arrangement, encumbrance, lien
(statutory or otherwise), charge against or interest in property, or other priority or preferential arrangement of any kind or nature whatsoever, to secure payment of a debt or performance of an obligation. 

“Loan” means, as the context may require, a Revolving Loan, a Term Loan or a Swing Line Loan of any type and shall
include, without limitation, all Canadian BAs in respect of which any Lender has not received payout in full. References herein to the “principal amount” of a Loan shall, when referring to a Canadian BA, mean the stated face amount
thereof. 
 “Loan Documents” means, collectively, this Agreement, the Administrative Agent Fee Letter, the
Notes, the Letters of Credit, the Acceptance Notes, the Canadian BAs, each Secured Cash Management Agreement, each Rate Protection Agreement, each Guaranty, each Security Agreement, each other agreement pursuant to which the Collateral Agent is
granted a Lien to secure the Obligations, the Intercreditor Agreement and each other agreement, certificate, document or instrument delivered in connection with any Loan Document, whether or not specifically mentioned herein or therein. 

“Loan Party” means each Borrower and each Guarantor. 

“Master Intercompany Note” shall mean that certain Master Intercompany Note dated as of the date hereof substantially in
the form of Exhibit K hereto. 
 “Material Adverse Effect” means a material adverse effect on
(a) the business, condition (financial or otherwise), operations, performance or properties of the Parent and its Subsidiaries taken as a whole; (b) the rights and remedies of any Secured Party under any Loan Document; or (c) the
ability of any Obligor (other than any Immaterial Subsidiary) to perform its Obligations under any Loan Document. 

“Material Contract” means a contract to which an Obligor is a party the termination of which would have or would
reasonably be expected to have a material adverse effect on the business, condition (financial or otherwise), operations, performance or properties of the Parent and its Subsidiaries taken as a whole. 

“Material Subsidiary” means at any date, each Subsidiary of the Parent which is not an Immaterial Subsidiary.

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

  
 28 

 “Morgan Stanley” means Morgan Stanley Senior Funding Inc. and its
affiliates. 
 “Multiemployer Plan” means a “multiemployer plan” within the meaning of
Section 4001(a)(3) of ERISA with respect to which any Borrower or any member of the Controlled Group has within any of the preceding five plan years made or accrued an obligation to make contributions. 

“Net Casualty Proceeds” means the amount of any insurance proceeds or condemnation, expropriation or similar awards
received by the Parent or any of its Subsidiaries in connection with any Casualty Event in excess of $500,000, individually or in the aggregate over the course of a Fiscal Year (net of taxes paid with respect thereto and all reasonable and customary
collection expenses thereof, including any legal or other professional fees), but excluding any proceeds or awards required to be paid to a creditor (other than the Lenders) which holds a first priority Lien permitted by clause (d) of
Section 7.2.3 on the property which is the subject of such Casualty Event. 
 “Net Debt Proceeds”
means, with respect to the incurrence, sale or issuance by the Parent or any of its Subsidiaries of any Indebtedness after the Closing Date which is not expressly permitted by Section 7.2.2, the excess of: 

(i) the gross cash proceeds actually received by such Person from such incurrence, sale or issuance, over

 (ii) all reasonable and customary arranging or underwriting fees and commissions, and all legal, investment
banking, brokerage and accounting and other professional fees, sales commissions and disbursements and other reasonable and customary closing costs and expenses, in each case, actually incurred, paid or payable in connection with such incurrence,
sale or issuance other than any such fees, commissions, disbursements, costs or expenses paid to Affiliates of such Person in connection therewith. 
 “Net Disposition Proceeds” means the gross cash proceeds received by the Parent or any of its Subsidiaries from any Disposition (other than proceeds received in respect of any Disposition
of personal property (other than Capital Securities) in an amount less than $50,000), any cash payment received in respect of promissory notes or other non-cash consideration delivered to the Parent or any of its Subsidiaries in respect thereof and
any cash reserve adjustment in respect of the sale price of an asset established in accordance with GAAP, minus the sum of (i) all reasonable and customary legal, investment banking, brokerage and accounting and other professional fees,
sales commissions and disbursements and other reasonable and customary closing costs and fees and expenses, in each case, incurred, paid or payable in connection with such Disposition other than any such fees, commissions, disbursements, cost or
expenses paid to Affiliates of such person in connection therewith, (ii) all taxes actually paid or estimated by the Parent to be payable in cash within the next 12 months in connection with such Disposition, and (iii) payments made by the
Parent or any of its Subsidiaries to retire Indebtedness (other than the Credit Extensions) that is secured by the property or assets Disposed of where payment of such Indebtedness is required in connection with such Disposition; provided
that, the amount of estimated taxes pursuant to clause (ii) in excess of the amount of taxes actually required to be paid in cash in respect of such Disposition within such 12 month period shall constitute Net Disposition Proceeds. 

  
 29 

 “Net Income” means, in respect of the Parent for any applicable period of
time, the aggregate of all amounts (exclusive of all amounts in respect of any extraordinary gains or extraordinary losses) which would be included as net income on the consolidated financial statements of the Parent and its Subsidiaries for such
period in accordance with GAAP. 
 “Non-Affected Replacement Lender” is defined in Section 4.11.

 “Non-Consenting Lender” is defined in Section 4.11. 

“Non-Core Intellectual Property Assets” means those Intellectual Property Assets that are not Core Intellectual Property
Assets. 
 “Non-Excluded Taxes” means any Taxes imposed on or with respect to any payment made by or on account
of any obligation of a Loan Party under any Loan Document to a Secured Party other than (A) Taxes imposed on or measured by net income (however denominated), franchise Taxes, and branch profits Taxes, in each case imposed as a result of such
Secured Party being organized under the laws of, or having its principal office or, in the case of any Lender, its applicable lending office located in, the jurisdiction imposing such Tax (or any political subdivision thereof), (B) Connection
Income Taxes, (C) any U.S. federal withholding Taxes imposed under FATCA or (D) without duplication, any interest, penalties or similar liabilities with respect to items described in (A) through (C) above. 

“Non-Extending Lender” is defined in Section 2.10. 

“Non-U.S. Secured Party” means any Secured Party that is not a “United States person”, as defined under
Section 7701(a)(30) of the Code. 
 “Note” means, as the context may require, a U.S. Revolving Note, a
Canadian Revolving Note, a Term Note or a Swing Line Note. 
 “Notice Date” is defined in
Section 2.10. 
 “Notional BA Proceeds” means, relative to a Canadian BA, an amount (rounded to the
nearest whole cent, and with one-half of one cent being rounded up) calculated by the Administrative Agent by multiplying: 
 (a) the face amount of such Canadian BA, by 
 (b) the price, where
the price is determined by dividing one by the sum of one plus the product of: 
 (i) the Discount Rate
(expressed as a decimal); and 
 (ii) a fraction, the numerator of which is the number of days in the term of
such Canadian BA and the denominator of which is 365; with the price as so determined being rounded up or down to the fifth decimal place and .000005 being rounded up; 

  
 30 

 and by deducting from the amount resulting from the calculation set forth above an acceptance fee calculated
at the rate per annum, on the basis of a year of 365 days, equal to the Applicable Canadian BA Stamping Fee on the face amount of such Canadian BA for its term, being the actual number of days in the period commencing on the date of acceptance of
such Canadian BA and continuing to (but excluding) the maturity date of such Canadian BA, such acceptance fee to be non-refundable and fully earned when due. 
 “Obligations” means all obligations (monetary or otherwise, whether absolute or contingent, matured or unmatured) of each Borrower and each other Obligor arising under or in connection
with a Loan Document (excluding with respect to any Guarantor, Excluded Swap Obligations with respect to such Guarantor), including Reimbursement Obligations and the principal of and premium, if any, and interest (including interest accruing during
the pendency of any proceeding of the type described in Section 8.1.9, whether or not allowed in such proceeding) on the Loans and on the other obligations under the Loan Documents. 

“Obligor” means, as the context may require, each Borrower and each other Person (other than (i) a Secured Party
and (ii) in the case of the Intercreditor Agreement, the Second Lien Agent and the Control Agent (as defined in the Intercreditor Agreement)) obligated under any Loan Document. 

“Organic Document” means, relative to any Obligor, as applicable, its certificate of incorporation, by-laws, certificate
of partnership, partnership agreement, certificate of formation, limited liability agreement, operating agreement and all shareholder agreements, voting trusts and similar arrangements applicable to any of such Obligor’s Capital Securities.

 “Other Taxes” means any and all stamp, documentary or similar Taxes, or any other excise or property Taxes
or similar levies that arise on account of any payment made or required to be made under any Loan Document or from the execution, delivery, registration, recording or enforcement of any Loan Document. 

“Parent” is defined in the preamble. 
 “Participant” is defined in clause (a) of Section 12.10.4. 
 “Patent Security Agreement” means any Patent Security Agreement executed and delivered by any Obligor in substantially the form attached as an Exhibit to the U.S. Pledge and Security
Agreement, as amended, supplemented, amended and restated or otherwise modified from time to time. 
 “PATRIOT
Act” means the USA PATRIOT ACT (Title III of Pub. L. 107-56 (signed into law October 26, 2001)), as amended and supplemented from time to time. 
 “PATRIOT Act Disclosures” means all documentation and other information which any Arranger, any Administrative Agent or any Lender reasonably requests in order to comply with its ongoing
obligations under applicable “know your customer” and anti-money laundering rules and regulations, including the PATRIOT Act. 

  
 31 

 “Payment Currency” is defined in Section 12.16. 

“PBGC” means the Pension Benefit Guaranty Corporation and any Person succeeding to any or all of its functions under
ERISA. 
 “Percentage” means, as the context may require, any Lender’s Revolving Loan Percentage or Term
Loan Percentage. 
 “Permitted Acquisition” means an acquisition (whether pursuant to an acquisition of Capital
Securities, assets or otherwise) by any Borrower or any Subsidiary from any Person of all of the Capital Securities of another Person of substantially all of the assets of another Person or of the assets constituting one or more business units or
lines of business of another Person in which the following conditions are satisfied: 
 (i) immediately before
and after giving effect to such acquisition no Event of Default shall have occurred and be continuing or would result therefrom (including under Section 7.1.8 and Section 7.2.1); 

(ii) the Borrowers shall have delivered to the Administrative Agent a Compliance Certificate for the period of four full
Fiscal Quarters immediately preceding such acquisition (prepared in good faith and in a manner and using such methodology which is consistent with the most recent financial statements delivered pursuant to Section 7.1.1) evidencing that
after giving pro forma effect to the consummation of such acquisition, the Leverage Ratio shall be less than or equal to 0.25x lower than the then applicable Leverage Ratio required to be maintained pursuant to Section 7.2.4; 

(iii) the board of directors of such other Person shall have approved such transaction; and 

(iv) the Person to be (or the assets of which is to be) so purchased or otherwise acquired shall not be engaged in any
business activity except those business activities that are permitted under Section 7.2.1(a). 
 “Permitted
Holders” means, collectively, the Sponsor, Morgan Stanley, Sir Terence Matthews and his heirs and companies controlled by Sir Terence Matthews and his heirs. 
 “Person” means any natural person, corporation, limited liability company, partnership, joint venture, association, trust or unincorporated organization, Governmental Authority or any
other legal entity, whether acting in an individual, fiduciary or other capacity. 
 “Platform” is defined in
clause (n) of Section 7.1.1. 
 “PPSA” means the Personal Property Security Act, as in effect
from time to time in Ontario, Alberta, Saskatchewan, Manitoba, British Columbia, Northwest Territories and Nova Scotia and similar legislation in any other province of Canada where collateral is located. 

  
 32 

 “Pro Forma Basis” means a calculation in accordance with the second
paragraph of Section 1.4. 
 “Process Agent” is defined in Section 12.13. 

“Purchased Lease Collateral” is defined in the definition of “Lease Purchase Transaction”. 

“Purchased Lease Cap Reference Amount” has the same meaning specified in Section 7.2.2(m). 

“Purchased Leases” is defined in the definition of “Lease Purchase Transaction.” 

“Purchase Price” means, with respect to a Purchased Lease, the present value (calculated as the discount rate applicable
to the relevant Lease Purchase Transaction) of the aggregate payments due or to become due under such Purchased Lease. 

“Qualified Capital Securities” means Capital Securities which are common equity or preferred equity that does not
constitute Disqualified Equity Interests. 
 “Quarterly Payment Date” means the last day of April, July,
October and January, or, if any such day is not a Business Day, the next succeeding Business Day. 
 “Rate Protection
Agreement” means, collectively, any interest rate swap, cap, collar or similar agreement entered into by the Borrowers or any of their respective Subsidiaries under which the counterparty of such agreement is (or at the time such agreement
was entered into, was) a Lender or an Affiliate of a Lender. 
 “Refunded Swing Line Loans” is defined in
clause (c) of Section 2.3.2. 
 “Register” is defined in Section 2.7.

 “Reimbursement Obligation” is defined in Section 2.6.3. 

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

“Release” means any spilling, leaking, pumping, pouring , emitting, emptying, spraying, inoculating, depositing,
seeping, throwing, placing, exhausting, discharging, injecting, escaping, leaching, dumping or disposing into the environment (including the abandonment or discarding of barrels, containers, and other closed receptacles containing any Hazardous
Material). 
 “Replacement Lender” is defined in clause (h) of Section 12.10.6.

 “Replacement Notice” is defined in Section 4.11. 

  
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 “Repurchase Price” means, with respect to a Purchased Lease, (x) the
present value (calculated at the same discount rate as the discount rate used to calculate the purchase price to be paid when such Purchased Lease was sold to the relevant Lease Purchaser) of the aggregate payments due or to become due under such
Purchased Lease and (y) the scheduled adjustment amount applicable to the period during which such Repurchase Price is being calculated (which scheduled adjustment amount shall not exceed 5% of the amount referred to in clause (x).

 “Required Lenders” means, at any time, Lenders holding more than 50% of the Total Exposure Amount.

 “Reset Date” means the date of delivery of the Compliance Certificate (pursuant to clause (c) of
Section 7.1.1) in respect of the second full Fiscal Quarter ended after the Closing Date. 
 “Residual
Positions” is defined in the definition of “Lease Purchase Transaction.” 
 “Resource Conservation and
Recovery Act” means the Resource Conservation and Recovery Act, 42 U.S.C. Section 6901, et seq., as amended. 

“Restricted Payment” means (i) the declaration or payment of any dividend (other than dividends payable solely in
Qualified Capital Securities of the Parent or any Subsidiary) on, or the making of any payment or distribution on account of (including for the repurchase of), or setting apart assets for a sinking or other analogous fund for the purchase,
redemption, defeasance, retirement or other acquisition of, any class of Capital Securities of the Parent or any Subsidiary or any warrants, options or other right or obligation to purchase or acquire any such Capital Securities, whether now or
hereafter outstanding, or (ii) the making of any other payment distribution in respect of such Capital Securities, in each case either directly or indirectly, whether in cash, property or obligations of the Parent or any Subsidiary or
otherwise. 
 “Revaluation Date” means (a) with respect to any Loan, each of the following: (i) each
date of a Borrowing of a Loan denominated in Canadian Dollars, (ii) each date of a continuation of a Loan denominated in Canadian Dollars pursuant to Section 2.4, and (iii) such additional dates as the Administrative Agent
shall determine or the Required Lenders shall require; and (b) with respect to any Letter of Credit, each of the following: (i) each date of issuance of a Letter of Credit denominated in Canadian Dollars, (ii) each date of an
amendment of any such Letter of Credit having the effect of increasing the amount thereof (solely with respect to the increased amount), (iii) each date of any payment by the Issuer under any Letter of Credit denominated in Canadian Dollars,
and (iv) such additional dates as the Administrative Agent or the Issuer shall determine or the Required Lenders shall require. 
 “Revolving Credit Exposure” means, with respect to any Lender at any time, the sum at such time, without duplication, of (a) such Lender’s Revolving Loan Percentage of the
aggregate principal amount of the outstanding Revolving Loans plus (b) such Lender’s Revolving Loan Percentage of the aggregate outstanding Swingline Loans at such time plus (c) such Lender’s ratable obligation to purchase
participations in Letter of Credit Outstandings. 

  
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 “Revolving Loan” means, as the context may require, a Canadian Revolving
Loan or a U.S. Revolving Loan. 
 “Revolving Loan Commitment” means, relative to any Lender, such Lender’s
obligation (if any) to make Revolving Loans pursuant to clauses a and (b) of Section 2.1.1 in accordance with its Revolving Loan Percentage. 

“Revolving Loan Commitment Amount” means, on any date and with respect to the Revolving Loan Commitment an amount not to
exceed the U.S. Dollar Equivalent of $40,000,000, as such amount may be reduced from time to time pursuant to Section 2.2; provided that, with respect to each Revolving Lender, the obligations of such Revolving Lender to make
Credit Extensions to the Borrowers hereunder shall not exceed such Revolving Lender`s Revolving Loan Percentage. 

“Revolving Loan Commitment Termination Date” means the earliest of 

(a) February 27, 2018 (or such later date as may be applicable as provided in Section 2.10); 

(b) the date on which the Revolving Loan Commitment Amount is terminated in full or reduced to zero pursuant to the terms
of this Agreement; and 
 (c) the date on which any Commitment Termination Event occurs. 

Upon the occurrence of any event described above, the Revolving Loan Commitments shall terminate automatically and without any further action.

 “Revolving Loan Lender” is defined in clause (a) of Section 2.1.1. 

“Revolving Loan Percentage” means, relative to any Revolving Lender, the applicable percentage relating to Revolving
Loans set forth opposite the name of such Lender on Schedule II hereto under the Revolving Loan Commitment column or set forth in a Lender Assignment Agreement under the Revolving Loan Commitment column, as such percentage may be
adjusted from time to time pursuant to Lender Assignment Agreements executed by such Lender and any of its Assignee Lenders and delivered pursuant to Section 12.10.2(d). Revolving Lenders shall not have any Revolving Loan Commitment if
their percentage under the Revolving Loan Commitment column is zero. 
 “Revolving Note” means, as the context
may require, a Canadian Revolving Note or a U.S. Revolving Note. 
 “S&P” means Standard &
Poor’s Rating Services, a division of The McGraw-Hill Companies, Inc. 
 “Sanction(s)” means any
international economic sanction administered or enforced by OFAC, the United Nations Security Council, the European Union, Her Majesty’s Treasury or other relevant sanctions authority. 

  
 35 

 “SEC” means the Securities and Exchange Commission. 

“Second Lien Agent” is defined in the definition of “Second Lien Credit Agreement.” 

“Second Lien Credit Agreement” means the Second Lien Credit Agreement, dated as of the date hereof, among the Parent,
Holdings, the various financial institutions from time to time party thereto as lenders and Wilmington Trust, National Association, as administrative agent and collateral agent (in such capacity, together with its permitted successors and assigns,
the “Second Lien Agent”), as amended, supplemented, amended and restated or otherwise modified from time to time in accordance with this Agreement and the Intercreditor Agreement. 

“Second Lien Debt” means Indebtedness under the Second Lien Loan Documents and any other Indebtedness secured by a Lien
which is expressly contractually subordinated to the Liens securing the Obligations. 
 “Second Lien Loan
Documents” means the “Loan Documents” as defined in the Second Lien Credit Agreement. 
 “Second Lien
Loans” means the “Loans” as defined in the Second Lien Credit Agreement. 
 “Secured Cash Management
Agreement” means any Cash Management Agreement that is entered into by and between any Obligor and any Cash Management Bank. 
 “Secured Parties” means, collectively, the Lenders, the Issuers, the Collateral Agent, the Administrative Agent, each Cash Management Bank, each counterparty to a Rate Protection
Agreement that is (or at the time such Rate Protection Agreement was entered into, was) a Lender or an Affiliate thereof and (in each case), each of their respective successors, transferees and assigns. 

“Security Agreement” means, as the context may require, the U.S. Pledge and Security Agreement, the Canadian Pledge and
Security Agreement, the U.K. Security Agreement, the Trademark Security Agreement, the Copyright Security Agreement, the Patent Security Agreement and each Foreign Pledge Agreement, in each case as amended, supplemented, amended and restated or
otherwise modified from time to time. 
 “Solvent” means, with respect to any Person and its Subsidiaries on a
particular date, that on such date: 
 (a) the fair value of the property of such Person and its Subsidiaries on
a consolidated basis is greater than the total amount of liabilities, including contingent liabilities, of such Person and its Subsidiaries on a consolidated basis; 

(b) the present fair salable value of the assets of such Person and its Subsidiaries on a consolidated basis is not less
than the amount that will be required to pay the probable liability of such Person and its Subsidiaries on a consolidated basis on its debts as they become absolute and matured; 

  
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 (c) such Person does not intend to, and does not believe that it or its
Subsidiaries will, incur debts or liabilities beyond the ability of such Person and its Subsidiaries to pay as such debts and liabilities mature; and 
 (d) such Person and its Subsidiaries on a consolidated basis is not engaged in business or a transaction, and such Person and its Subsidiaries on a consolidated basis is not about to engage in a business
or a transaction, for which the property of such Person and its Subsidiaries on a consolidated basis would constitute an unreasonably small capital. The amount of Contingent Liabilities at any time shall be computed as the amount that, in light of
all the facts and circumstances existing at such time, can reasonably be expected to become an actual or matured liability. 

“Specified Disposition” means the sale of some or all of the assets in the Borrowers’ DataNet CommSource division
for consideration which may be in the aggregate amount of up to $20,000,000 consisting of cash or vendor take-back promissory notes. 
 “Specified Equity Contribution” is defined in clause (b) of Section 7.2.4. 
 “Sponsor” means Francisco Partners II, L.P. and Controlled Investment Affiliates. 
 “Sponsor Permitted Assignee Assignment Agreement” is defined in Section 12.10.2(f)(i)(D). 
 “Sponsor Permitted Assignees” is defined in Section 12.10.2(f)(i). 
 “Spot Rate” for a currency means the rate determined by the Administrative Agent or the Issuer, as applicable, to be the rate quoted by the Person acting in such capacity as the spot rate
for the purchase by such Person of such currency with another currency through its principal foreign exchange trading office at approximately 11:00 a.m. on the date two Business Days prior to the date as of which the foreign exchange computation is
made; provided that the Administrative Agent or the Issuer may obtain such spot rate from another financial institution designated by the Administrative Agent or the Issuer if the Person acting in such capacity does not have as of the date of
determination a spot buying rate for any such currency; and provided further that the Issuer may use such spot rate quoted on the date as of which the foreign exchange computation is made in the case of any Letter of Credit denominated in
Canadian Dollars. 
 “Stated Amount” means the amount of a Letter of Credit at any time shall be deemed to be
the U.S. Dollar Equivalent of the stated amount of such Letter of Credit in effect at such time; provided, however that with respect to any Letter of Credit that, by its terms, provides for one or more automatic increases in the
stated amount thereof, the amount of such Letter of Credit shall be deemed to be the U.S. Dollar Equivalent of the maximum stated amount of such Letter of Credit after giving effect to all such increases, whether or not such maximum stated
amount is in effect at such time. 

  
 37 

 “Stated Expiry Date” means, as the context may require, a Canadian Letter
of Credit Stated Expiry Date or a U.S. Letter of Credit Expiry Date. 
 “Stated Maturity Date” means

 (a) with respect to all Term Loans, February 27, 2019; 

(b) with respect to all Revolving Loans and Swing Line Loans, February 27, 2018; and 

(c) with respect to any Loans, such later date as may be applicable pursuant to Section 2.10. 

“STM Investment Affiliate” means, with respect to Sir Terrence Matthews, any other person that (i) is organized
primarily for the purpose of making equity or debt investments in one or more Persons and (ii) is directly or indirectly Controlled by Sir Terrence Matthews; provided that “STM Investment Affiliate” shall exclude any operating
company that is directly or indirectly Controlled by Sir Terrence Matthews. 
 “Subordinated Debt” means
unsecured Indebtedness of any Borrower or any of its Subsidiaries which is (i) owed to a Person other than an Obligor and (ii) subordinated in right of payment to the Obligations pursuant to documentation containing redemption and other
prepayment events, maturities, amortization schedules, covenants, events of default, remedies, acceleration rights, subordination provisions and other material terms reasonably satisfactory to the Required Lenders. 

“Subordinated Debt Documents” means, collectively, the loan agreements, indentures, note purchase agreements, promissory
notes, guarantees, and other instruments and agreements evidencing the terms of Subordinated Debt, as amended, supplemented, amended and restated or otherwise modified in accordance with Section 7.2.12. 

“Subordination Provisions” is defined in Section 8.1.11. 

“Subsidiary” means, with respect to any Person, any other Person of which more than 50% of the outstanding Voting
Securities of such other Person (irrespective of whether at the time Capital Securities of any other class or classes of such other Person shall or might have voting power upon the occurrence of any contingency) is at the time directly or indirectly
owned or controlled by such Person, by such Person and one or more other Subsidiaries of such Person, or by one or more other Subsidiaries of such Person. Unless the context otherwise specifically requires, the term “Subsidiary”
shall be a reference to a Subsidiary of the Parent. 
 “Subsidiary Guarantor” means each Subsidiary that has
executed and delivered to the Administrative Agent a Guaranty (including by means of a delivery of a supplement thereto). 

“Subsidiary Guaranty” means the Subsidiary Guaranty executed and delivered by each Canadian Subsidiary, each U.S.
Subsidiary and each U.K. Subsidiary pursuant to the terms of this Agreement, substantially in the form of Exhibit F-1 hereto, as amended, supplemented, amended and restated or otherwise modified from time to time. 

  
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 “Swap Obligations” means, with respect to any Guarantor, any obligation to
pay or perform under any agreement, contract or transaction that constitutes a “swap” within the meaning of section 1a(47) of the Commodity Exchange Act. 
 “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 value(s) determined in accordance therewith, such termination value(s), and (b) for any date prior to the date referenced in
clause (a), the amount(s) determined as the mark-to-market value(s) 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). 
 “Swing Line Lender” means, subject to the terms of this
Agreement, (x) Bank of America, in the case of any Swing Line Loans to be made to the U.S. Borrower and (y) Bank of America Canada, in the case of any Swing Line Loans to be made to the Canadian Borrower, and in each case, with the prior
written consent of the Administrative Agent, any other Revolving Lender as determined by the Parent in a notice to the Administrative Agent and acknowledged by such Person in accordance with Section 2.1.1. 

Swing Line Loan” is defined in clause (c) of Section 2.1.1. 

“Swing Line Loan Commitment” means the Swing Line Lender’s obligation to make Canadian Swing Line Loans pursuant to
clause (c) of Section 2.1.1. The Swing Line Loan Commitment is a part of, and not in addition to, the Revolving Loan Commitment Amount. 
 “Swing Line Loan Commitment Amount” means, on any date an amount not to exceed the U.S. Dollar Equivalent of $10,000,000, as such amount may be reduced from time to time pursuant to
Section 2.2. 
 “Swing Line Note” means, if requested by the Swing Line Lender, a promissory note
payable to the Swing Line Lender, in the form of Exhibit A-4 hereto (as such promissory note may be amended, endorsed or otherwise modified from time to time), evidencing Indebtedness hereunder of the Borrowers to the Swing Line Lender
resulting from outstanding Swing Line Loans, and also means all other promissory notes accepted from time to time in substitution therefor or renewal thereof. 
 “Syndication Agent” is defined in the preamble. 

“Synthetic Lease” means, as applied to any Person, any lease (including leases that may be terminated by the lessee at
any time) of any property (whether real, personal or mixed) (a) that is not a capital lease in accordance with GAAP; and (b) in respect of which the lessee retains or obtains ownership of the property so leased for federal income tax
purposes, other than any such lease under which that Person is the lessor. 
 “Taxes” means all income, stamp
or other taxes, duties, levies, imposts, charges, assessments, fees, deductions or withholdings, now or hereafter imposed, levied, collected, withheld or assessed by any Governmental Authority, and all interest, penalties or similar liabilities with
respect thereto. 

  
 39 

 “Term Loan Borrower” is defined in the preamble. 

“Term Loan Commitment” means, relative to any Lender, such Lender’s obligation (if any) to make Term Loans pursuant
to Section 2.1.3 in accordance with its Term Loan Percentage. 
 “Term Loan Commitment Amount”
means, on any date, $200,000,000. 
 “Term Loan Commitment Termination Date” means the Closing Date
(immediately after the making of the Term Loans on such date). Upon the occurrence of such event, the Term Loan Commitments shall terminate automatically and without any further action. 

“Term Loan Lender” means any Lender that has a Term Loan Commitment or that holds a Term Loan. 

“Term Loan Percentage” means, relative to any Lender, the applicable percentage relating to Term Loans set forth
opposite its name on Schedule II hereto under the Term Loan Commitment column or set forth in a Lender Assignment Agreement under the Term Loan Commitment column, as such percentage may be adjusted from time to time pursuant to Lender
Assignment Agreements executed by such Lender and its Assignee Lender and delivered pursuant to Section 12.10.2(d). A Lender shall not have any Term Loan Commitment if its percentage under the Term Loan Commitment column is zero.

 “Term Loans” is defined in Section 2.1.3. 

“Term Loan/U.S. Revolving Loan Borrowing Request” means a Term Loan and/or a U.S. Revolving Loan request and certificate
duly executed by an Authorized Officer of the U.S. Borrower substantially in the form of Exhibit B-2 hereto. 

“Term Loan/U.S. Revolving Loan Continuation/Conversion Notice” means a notice of continuation or conversion in respect
of Term Loans and U.S. Revolving Loans and certificate duly executed by an Authorized Officer of the U.S. Borrower substantially in the form of Exhibit C-2 hereto. 
 “Term Note” means a promissory note payable to any Term Loan Lender, in the form of Exhibit A 3 hereto (as such promissory note may be amended, endorsed or otherwise modified from
time to time), evidencing Indebtedness hereunder of the U.S. Borrower to such Term Loan Lender resulting from outstanding Term Loans, and also means all other promissory notes accepted from time to time in substitution therefor or renewal thereof.

 “Termination Date” means the date on which all Obligations have been paid in full in cash, all Letters of
Credit have been terminated or expired (or been Cash Collateralized in an amount equal to at least 103% of the stated face amount thereof) and all Canadian BAs have been duly honored on presentation for payment (or been Cash Collateralized), and all
Commitments shall have terminated, other than Cash Management Agreements and Rate Protection Agreements which do not terminate upon the repayment of the Loans and those obligations which by the terms of the Loan Documents are intended to survive the
repayment of the Loans. 

  
 40 

 “Three Largest Lease Cap Amount” has the meaning specified in
Section 7.2.2(m). 
 “Total Exposure Amount” means, on any date of determination (and without
duplication), the outstanding principal amount of all Loans, the aggregate amount of all Letter of Credit Outstandings and the unfunded amount of the Commitments that are outstanding and have not been terminated as of such date; provided
that, with respect to any of the foregoing denominated in Canadian Dollars, the determination of the amount thereof shall be calculated on the basis of the U.S. Dollar Equivalent thereof. 

“Trademark Security Agreement” means any Trademark Security Agreement executed and delivered by any Obligor
substantially in the form attached as an Exhibit to the U.S. Pledge and Security Agreement, as amended, supplemented, amended and restated or otherwise modified from time to time. 

“type” means, relative to any Loan, the portion thereof, if any, being maintained as a Floating Rate Loan or a Fixed
Rate Loan. 
 “UCC” means the Uniform Commercial Code as in effect from time to time in the State of New York;
provided that, if, with respect to any Filing Statement or by reason of any provisions of law, the perfection or the effect of perfection or non-perfection of the security interests granted to the Collateral Agent pursuant to the applicable
Loan Document is governed by the Uniform Commercial Code as in effect in a jurisdiction of the United States other than New York, then “UCC” means the Uniform Commercial Code as in effect from time to time in such other jurisdiction
for purposes of the provisions of each Loan Document and any Filing Statement relating to such perfection or effect of perfection or non-perfection. 
 “UCP” means, with respect to any Letter of Credit, the “Uniform Customs and Practice for Documentary Credits” as most recently published by the International Chamber of commerce
at the time of issuance. 
 “U.K. Subsidiary” means any Subsidiary that is incorporated or organized under the
laws of the United Kingdom. 
 “U.K. Subsidiary Guarantor” means each U.K. Subsidiary which has executed and
delivered the Subsidiary Guaranty (or a supplement thereto). 
 “U.K. Security Agreement” means the Debenture
executed and delivered by each U.K. Subsidiary Guarantor, in form and substance satisfactory to the Administrative Agent, as amended, supplemented, amended and restated or otherwise modified from time to time. 

“United States” or “U.S.” means the United States of America, its fifty states and the District of
Columbia. 

  
 41 

 “U.S. Borrower” is defined in the preamble. 

“U.S. Credit Extensions” means, as the context may require, (i) the making of U.S. Loans by a Lender or
(ii) the issuance of any U.S. Letter of Credit, or the extension of any Stated Expiry Date of any existing U.S. Letter of Credit, by an Issuer. 
 “U.S. Dollar”, “Dollar” and “$” each mean lawful currency of the United States. 
 “U.S. Dollar Equivalent” means, at any time, (a) with respect to any amount denominated in Dollars, such amount, and (b) with respect in any amount denominated in Canadian
Dollars, the equivalent amount thereof in U.S. Dollars as determined by the Administrative Agent or the Issuer, as the case may be, 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 Canadian Dollars. 
 “U.S. Letter of Credit” is defined in clause (b) of
Section 2.1.2. 
 “U.S. Letter of Credit Commitment” means an Issuer’s obligation to issue
U.S. Letters of Credit pursuant to Section 2.1.2. 
 “U.S. Letter of Credit Outstandings” means, on
any date, an amount equal to the sum of (a) the then aggregate amount which is undrawn and available under all issued and outstanding U.S. Letters of Credit, and (b) the then aggregate amount of all unpaid and outstanding Reimbursement
Obligations in respect of such U.S. Letters of Credit. For all purposes of this Agreement, if on any date of determination a Letter of Credit has expired by its terms but any may still be drawn thereunder by reason of the operation of Rule 3.14 of
the ISP Rules, such Letter of Credit shall be deemed to be “outstanding” in the amount so remaining available to be drawn. 
 “U.S. Letter of Credit Stated Expiry Date” is defined in Section 2.6. 
 “U.S. Loan” means, as the context may require, a U.S. Revolving Loan, a Term Loan or a U.S. Swing Line Loan. 
 “U.S. Pension Plan” means a “pension plan”, as such term is defined in Section 3(2) of ERISA, which is subject to Title IV of ERISA (other than a multiemployer plan as
defined in Section 4001(a)(3) of ERISA), and to which the Borrowers or any member of the Controlled Group sponsors or contributes or has done so within the preceding five years, including any liability by reason of having been a substantial
employer within the meaning of Section 4063 of ERISA at any time during the preceding five years, or by reason of being deemed to be a contributing sponsor under Section 4069 of ERISA; provided that Canadian Pension Plans shall be
excluded from the definition of “U.S. Pension Plan”. 
 “U.S. Person” means any person that is a
“United States person”, as defined under Section 7701(a)(30) of the Code. 
 “U.S. Pledge and Security
Agreement” means the Pledge and Security Agreement executed and delivered by each U.S. Borrower and each Subsidiary Guarantor from time to time party thereto, substantially in the form of Exhibit G-1 hereto, as amended, supplemented,
amended and restated or otherwise modified from time to time. 

  
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 “U.S. Revolving Loan Borrower” is defined in the preamble.

 “U.S. Revolving Loans” is defined in clause (b) of Section 2.1.1. 

“U.S. Revolving Note” means a promissory note payable to any Revolving Loan Lender, in the form of Exhibit A-2
hereto (as such promissory note may be amended, endorsed or otherwise modified from time to time), evidencing Indebtedness hereunder of the U.S. Borrower to such Revolving Loan Lender resulting from outstanding U.S. Revolving Loans, and also means
all other promissory notes accepted from time to time in substitution therefor or renewal thereof or in addition thereto. 

“U.S. Subsidiary” means any Subsidiary that is incorporated or organized under the laws of the United States, a state
thereof or the District of Columbia. 
 “U.S. Subsidiary Guarantor” means each U.S. Subsidiary which has
executed and delivered the U.S. Subsidiary Guaranty (or a supplement thereto). 
 “U.S. Swing Line Loan” is
defined in clause (d) of Section 2.1.1. 
 “U.S. Term Loan Facility Lenders” is defined
in the preamble. 
 “U.S. Welfare Plan” means a “welfare plan”, as such term is defined in
Section 3(1) of ERISA; provided that Canadian Welfare Plans shall be excluded from the definition of U.S. Welfare Plans. 
 “Voting Securities” means, with respect to any Person, Capital Securities of any class or kind ordinarily having the power to vote for the election of directors, managers or other voting
members of the governing body of such Person. 
 “wholly owned Subsidiary” means any Subsidiary all of the
outstanding Capital Securities of which (other than any director’s qualifying shares or investments by foreign nationals mandated by applicable laws) is owned directly or indirectly by the Parent. 

Section 1.2 Use of Defined Terms. Unless otherwise defined or the context otherwise requires, terms for which meanings are
provided in this Agreement shall have such meanings when used in each other Loan Document and the Disclosure Schedule. 

Section 1.3 Cross-References. Unless otherwise specified, references in a Loan Document to any Article or Section are
references to such Article or Section of such Loan Document, and references in any Article, Section or definition to any clause are references to such clause of such Article, Section or definition. 

  
 43 

 Section 1.4 Accounting and Financial Determinations. Unless otherwise specified, all
accounting terms used in each Loan Document shall be interpreted, and all accounting determinations and computations thereunder (including the determination of the Leverage Ratio (including with respect to Section 7.2.4) and the definitions
used in such calculations) shall be made, in accordance with those U.S. generally accepted accounting principles (“GAAP”) applied in the preparation of the financial statements delivered to the Administrative Agent prior to the Closing
Date. Unless otherwise expressly provided, all financial covenants and defined financial terms shall be computed on a consolidated basis for the Parent and its Subsidiaries, in each case without duplication. For the purposes of determining any
threshold amount forming any part of any representation or warranty, covenant or Event of Default, all relevant amounts denominated in Canadian Dollars shall be calculated, as of such time of determination, at the U.S. Dollar Equivalent
thereof. Each U.S. Dollar Equivalent of any amounts denominated in Canadian Dollars shall constitute prima facie evidence thereof. 
 As of any date of determination, for purposes of determining the Leverage Ratio (and any financial calculations required to be made or included within such ratios, or required for purposes of preparing
any Compliance Certificate to be delivered pursuant to the definition of “Permitted Acquisition”), the calculation of such ratios and other financial calculations shall include or exclude, as the case may be, the effect of any assets or
businesses that have been acquired or Disposed of by any Borrower or Guarantor or any of their respective Subsidiaries pursuant to the terms hereof (including through mergers or consolidations) and Indebtedness incurred or permanently repaid as of
such date of determination, as determined by such Borrower or Guarantor on a pro forma basis in accordance with GAAP, which determination (i) in the case of acquisitions and Dispositions, may include factually supportable one time
adjustments or reductions in costs, if any, reasonably projected to be directly attributable to any such permitted Disposition or Permitted Acquisition, as the case may be, in an amount not to exceed 15% of Consolidated EBITDA for the applicable
four Fiscal Quarter period as determined on such pro forma basis before giving effect to any such cash charges or to any addbacks of the types specified in clauses (v), (vii) and (ix) of the definition of Consolidated
EBITDA and in each case either (A) calculated in accordance with Regulation S-X of the Securities Act of 1933, as amended from time to time, and any successor statute, for the period of four Fiscal Quarters ended on or immediately prior to the
date of determination of any such ratios (without giving effect to any cost-savings or adjustments relating to synergies resulting from a Permitted Acquisition except as permitted by Regulation S-X of the Securities Act of 1933 or otherwise as the
Administrative Agent shall otherwise agree) or (B) (1) determined in good faith by (I) the Board of Directors of such Person or the Parent, if such Board of Directors is otherwise approving such transaction (and certified as such by
an Authorized Officer of such Person or the Parent in a certificate delivered to the Administrative Agent), or (II) in each other case, the chief financial officer of the Parent, (2) substantially likely to be achieved, (3) giving effect
to events that are (x) directly attributable to such transaction and initiated or expected to be initiated within twelve months following such event and (y) expected to have a continuing impact on the Borrowers, Guarantors and their
respective Subsidiaries during the twelve month period following such event and (ii) shall be made giving effect to any such Permitted Acquisition, permitted Disposition or incurrence or repayment of Indebtedness as if it had occurred on the
first day of such four Fiscal Quarter period. 
 Section 1.5 Exchange Rates; Currency Equivalents. The Administrative
Agent or the Issuer, as applicable, shall determine the Spot Rates as of each Revaluation Date to be used for calculating U.S. Dollar Equivalent amounts of Loans and Letter of Credit Oustandings denominated in Canadian Dollars. Such Spot Rates
shall become effective as of 

  
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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 the Borrowers 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 U.S. Dollar Equivalent amount as so determined by the Administrative Agent or the Issuer, as applicable. 

Section 1.6 Letter of Credit Amounts. Unless otherwise specified herein, the amount of a Letter of Credit at any time shall be
deemed to be the stated amount of such Letter of Credit in effect at such time; provided, however, that with respect to any Letter of Credit that, by its terms or the terms of any Issuer Document related thereto, provides for one or more automatic
increases in the stated amount thereof, the amount of such Letter of Credit shall be deemed to be the maximum stated amount of such Letter of Credit after giving effect to all such increases, whether or not such maximum stated amount is in effect at
such time. 
 ARTICLE II 
 COMMITMENTS, BORROWING AND ISSUANCE PROCEDURES, NOTES AND 
 LETTERS OF
CREDIT 
 Section 2.1 Commitments. On the terms and subject to the conditions of this Agreement, the Lenders and the
Issuers severally agree to make Credit Extensions as set forth below. 
 Section 2.1.1 Revolving Loan Commitment and
Swing Line Loan Commitment. From time to time on any Business Day occurring from and after the Effective Date but prior to the Revolving Loan Commitment Termination Date, 

(a) each Lender that has a Revolving Loan Commitment (each a “Revolving Loan Lender”) agrees that it will
make loans (relative to such Lender, its “Canadian Revolving Loans”) denominated in Canadian Dollars or U.S. Dollars to, or accept Canadian BAs from, the Canadian Borrower in an aggregate amount equal to such Revolving Loan
Lender’s Revolving Loan Percentage of the aggregate amount of each Borrowing of Revolving Loans requested by the Canadian Borrower to be made on such day; 
 (b) each Revolving Loan Lender further agrees that it will make loans (relative to such Lender, its “U.S. Revolving Loans”) denominated in U.S. Dollars to any Borrower in an aggregate
amount equal to such Revolving Loan Lender’s Revolving Loan Percentage of the aggregate amount of each Borrowing of Revolving Loans requested by such Borrower to be made on such day; 

(c) the Swing Line Lender agrees that it will make loans (its “Canadian Swing Line Loans”) denominated in
Canadian Dollars or U.S. Dollars to the Canadian Borrower in an aggregate amount equal to the aggregate amount of the Borrowing of the Canadian Swing Line Loan requested by the Canadian Borrower to be made on such day; and 

  
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 (d) the Swing Line Lender further agrees that it will make loans (its
“U.S. Swing Line Loans”) denominated in U.S. Dollars to the U.S. Borrower in an aggregate amount equal to the aggregate amount of the Borrowing of the U.S. Swing Line Loan requested by such Borrower to be made on such day.

 On the terms and subject to the conditions hereof, the applicable Borrowers may from time to time borrow, prepay and reborrow Revolving Loans
and Swing Line Loans, as the case may be. No Lenders shall be permitted or required to make any Revolving Loan if, after giving effect thereto, (x) the aggregate outstanding principal amount of all Revolving Loans (with Canadian Revolving Loans
denominated in Canadian Dollars calculated at the U.S. Dollar Equivalent thereof), together with the aggregate outstanding amount of all Swing Line Loans (with Canadian Swing Line Loans denominated in Canadian Dollars calculated at the
U.S. Dollar Equivalent thereof) and Letter of Credit Outstandings (with Canadian Letter of Credit Outstandings denominated in Canadian Dollars calculated at the U.S. Dollar Equivalent thereof), would exceed the then existing Revolving Loan
Commitment Amount or (y) the aggregate outstanding principal amount of all Revolving Loans (with Canadian Revolving Loans denominated in Canadian Dollars calculated at the U.S. Dollar Equivalent thereof) of such Lenders, together with such
Lenders’ Revolving Loan Percentage of the aggregate outstanding amount of all Swing Line Loans (with Canadian Swing Line Loans denominated in Canadian Dollars calculated at the U.S. Dollar Equivalent thereof) and Letter of Credit
Outstandings (with Canadian Letter of Credit Outstandings denominated in Canadian Dollars calculated at the U.S. Dollar Equivalent thereof), would exceed such Lenders’ Revolving Loan Percentage of the then existing Revolving Loan
Commitment Amount. No Swing Line Lender shall be required to make Swing Line Loans if, after giving effect thereto, the aggregate outstanding principal amount of all Swing Line Loans (with Canadian Swing Line Loans denominated in Canadian Dollars
calculated at the U.S. Dollar Equivalent thereof) would exceed the then existing Swing Line Loan Commitment Amount. Notwithstanding anything in this Section 2.1.1 or this Agreement to the contrary, the several obligations of the
Lenders to make Credit Extensions to the Borrowers hereunder shall not exceed each such Lender’s respective Revolving Loan Percentage. 
 Section 2.1.2 Letter of Credit Commitment. From time to time on any Business Day occurring during the period from the Effective Date through three days prior to the Revolving Loan Commitment
Termination Date, the Issuer agrees that it will: 
 (a) issue one or more standby letters of credit (relative to
such Issuer, its “Canadian Letter of Credit”) denominated in Canadian Dollars or U.S. Dollars for the account of the Canadian Borrower or another Obligor that is organized under the laws of Canada or any province thereof (a
“Canadian Obligor”) in the Stated Amount requested by the Canadian Borrower on such day; 
 (b) issue
one or more standby letters of credit (relative to such Issuer, its “U.S. Letter of Credit” and, together with the Canadian Letters of Credit, the “Letters of Credit”) denominated in U.S. Dollars for the account of
the U.S. Revolving Loan Borrower or another Obligor (other than a Canadian Obligor) in the Stated Amount requested by the U.S. Revolving Loan Borrower on such day; or 

(c) extend the Stated Expiry Date of an existing standby Letter of Credit previously issued hereunder. 

No Stated Expiry Date shall extend beyond the earlier of (i) the Revolving Loan Commitment Termination Date and (ii) unless otherwise agreed to
by the applicable Issuer in its sole discretion, one year from the date of such issue or extension (provided that each standby Letter of Credit may, with the consent of the Issuer in its sole discretion, provide for automatic renewals for one year
periods which in no event shall extend beyond the Revolving Loan Commitment Termination Date). The Letter of Credit Commitment Amount is a part of, and not in addition to, the Revolving Loan Commitment Amount. The parties hereto further agree as
follows: 

  
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 (d) The Issuer shall not be permitted or required to issue or extend any
Letter of Credit if, after giving effect thereto, (A) the aggregate amount of all Letter of Credit Outstandings (with Canadian Letter of Credit Outstandings denominated in Canadian Dollars calculated at the U.S. Dollar Equivalent thereof)
would exceed the Letter of Credit Commitment Amount or (B) the sum of the aggregate amount of all Letter of Credit Outstandings (with Canadian Letter of Credit Outstandings denominated in Canadian Dollars calculated at the U.S. Dollar
Equivalent thereof) plus the aggregate principal amount of all Revolving Loans (with Canadian Revolving Loans denominated in Canadian Dollars calculated at the U.S. Dollar Equivalent thereof) and Swing Line Loans (with Canadian Swing Line Loans
denominated in Canadian Dollars calculated at the U.S. Dollar Equivalent thereof) then outstanding would exceed the Revolving Loan Commitment Amount. 
 Section 2.1.3 Term Loan Commitment. In a single Borrowing (which shall be a Business Day) occurring on or prior to the Term Loan Commitment Termination Date, each Lender that has a Term Loan
Commitment, as applicable, agrees that it will make loans (relative to such Lender, its “Term Loans”) to the Term Loan Borrower equal to such Lender’s Term Loan Percentage of the aggregate amount of the Borrowing of Term Loans
requested by the Term Loan Borrower to be made on such day. No amounts paid or prepaid with respect to Term Loans may be reborrowed. The undrawn amount of the Term Loan Commitment following the making of such Borrowing, if any, shall be
automatically cancelled and terminated. 
 Section 2.2 Increase or Reduction of the Commitment Amounts. The Commitment
Amounts are subject to reduction from time to time as set forth below. 
 Section 2.2.1 Optional. 

Any Borrower may, from time to time on any Business Day occurring after the Effective Date, voluntarily reduce the amount of the Revolving Loan
Commitment Amount (or of the Swing Line Loan Commitment Amount or the Letter of Credit Commitment Amount forming a part thereof) on the Business Day so specified by such Borrower and such reduction shall be binding on all Borrowers; provided
that (i) all such reductions shall require at least one Business Day’s prior written notice to the Administrative Agent, (ii) all such reductions shall be permanent, and (iii) any partial reduction of any Commitment Amount shall
be in a minimum amount of $1,000,000 (and in an integral multiple of $500,000) for U.S. Dollar denominated Commitments. 

Section 2.2.2 Reserved. 
 Section 2.2.3 Automatic Reductions to Commitment Amounts. Any optional or mandatory reduction of the Revolving Loan Commitment Amount pursuant to the terms of this Agreement which reduces the
Revolving Loan Commitment Amount below the sum of (i) the Swing Line Loan Commitment Amount and (ii) the Letter of Credit Commitment Amount shall result in an automatic and corresponding reduction of (x) first, the Swing Line
Loan Commitment Amount, and (y) second, the Letter of Credit Commitment Amount (unless, in each case, otherwise directed by a Borrower in a notice to the Administrative Agent delivered together with the notice of such voluntary reduction
in the Revolving Loan Commitment Amount that such Commitment Amounts shall be reduced in a different manner), to an aggregate amount not in excess of the Revolving Loan Commitment Amount, as so reduced, without any further action on the part of the
Swing Line Lender or any Issuer. 

  
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 Section 2.3 Borrowing Procedures. Loans (other than Swing Line Loans) shall be made
by the Lenders in accordance with Section 2.3.1, and Swing Line Loans shall be made by the Swing Line Lenders in accordance with Section 2.3.2. 
 Section 2.3.1 Borrowing Procedure. In the case of Loans (other than Swing Line Loans), by delivering a Borrowing Request to the Administrative Agent on or before 11:00 a.m., New York time, on
a Business Day, any Borrower may from time to time irrevocably request, on not less than one Business Day’s notice in the case of Floating Rate Loans, two Business Days’ notice in the case of Fixed Rate Loans comprised of Canadian BAs or
three Business Days’ notice in the case of Fixed Rate Loans comprised of LIBO Rate Loans, and in any case not more than five Business Days’ notice, that a Borrowing be made, (a) in the case of Fixed Rate Loans, in a minimum amount of
C$1,000,000 and an integral multiple of C$500,000 (for Loans denominated in Canadian Dollars) and $1,000,000 and an integral multiple of $1,000,000 (for Loans denominated in U.S. Dollars) and (b) in the case of Floating Rate Loans, in a
minimum amount of C$1,000,000 and an integral multiple of C$500,000 (for Loans denominated in Canadian Dollars) and $1,000,000 and an integral multiple of $500,000 (for Loans denominated in U.S. Dollars) or, in either case, in the unused amount of
the applicable Commitment; provided that all of the initial Loans shall be made as Floating Rate Loans and no Loans shall be made in or converted into LIBO Rate Loans during the Primary Syndication. On the terms and subject to the conditions
of this Agreement, each Borrowing shall be comprised of the type of Loans, and shall be made on the Business Day, specified in such Borrowing Request. In the case of Loans (other than Swing Line Loans), on or before 11:00 a.m., New York time on
such Business Day each Lender that has a Commitment to make the Loans being requested shall deposit with the Administrative Agent same day funds in an amount equal to such Lender’s Percentage of the requested Borrowing. Such deposit will be
made to an account which the Administrative Agent shall specify from time to time by notice to the Lenders. To the extent funds are received from the Lenders, the Administrative Agent shall make such funds available to the applicable Borrower by
wire transfer to the accounts such Borrower shall have specified in its Borrowing Request. No Lender’s obligation to make any Loan shall be affected by any other Lender’s failure to make any Loan. 

Section 2.3.2 Swing Line Loans; Participations, etc. Swing Line Loans shall be made in accordance with the following terms.

 (a) By telephonic notice to the Swing Line Lender on or before 10:00 a.m., Toronto time, on a Business Day (followed
(within one Business Day) by the delivery of a confirming Canadian Revolving Loan Borrowing Request), the Canadian Borrower may from time to time irrevocably request that Canadian Swing Line Loans be made by the Swing Line Lender in an aggregate
minimum principal amount of C$500,000 and an integral multiple of C$100,000 (for Canadian Swing Line Loans denominated in Canadian Dollars) and in an aggregate minimum principal amount of $500,000 and an integral multiple of $100,000 (for Canadian
Swing Line Loans denominated in U.S. Dollars). All Canadian Swing Line Loans shall be made as Alternate Base Rate Loans (in respect of Canadian Loans denominated in U.S. Dollars) and Canadian Prime Rate Loans (in respect of Canadian Loans
denominated in Canadian Dollars) and shall not be entitled to be converted into Fixed Rate Loans. The proceeds of each Canadian Swing Line Loan shall be made available by the Swing Line Lender to the Canadian Borrower by wire transfer to the account
that the Canadian Borrower shall have 

  
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specified in its notice therefor by the close of business on the Business Day telephonic notice is received by the Swing Line Lender. Upon the making of each Canadian Swing Line Loan, and without
further action on the part of the Swing Line Lender or any other Person, each Revolving Loan Lender (other than the Swing Line Lender) shall be deemed to have irrevocably purchased, to the extent of its Revolving Loan Percentage, a participation
interest in such Canadian Swing Line Loan, and such Revolving Loan Lender shall, to the extent of its Revolving Loan Percentage, be responsible for reimbursing within one Business Day the Swing Line Lender for Canadian Swing Line Loans which have
not been reimbursed by the Borrowers in accordance with the terms of this Agreement. 
 (b) By telephonic notice to the Swing
Line Lender on or before 12:00 noon, New York time, on a Business Day (followed (within one Business Day) by the delivery of a confirming Term Loan/U.S. Revolving Loan Borrowing Request), the U.S. Revolving Loan Borrower may from time to time
irrevocably request that U.S. Swing Line Loans be made by the Swing Line Lender in an aggregate minimum principal amount of $500,000 and an integral multiple of $100,000. All U.S. Swing Line Loans shall be made as Floating Rate Loans and shall not
be entitled to be converted into Fixed Rate Loans. The proceeds of each U.S. Swing Line Loan shall be made available by the Swing Line Lender to such U.S. Revolving Loan Borrower by wire transfer to the account such U.S. Revolving Loan Borrower
shall have specified in its notice therefor by the close of business on the Business Day telephonic notice is received by the Swing Line Lender. Upon the making of each U.S. Swing Line Loan, and without further action on the part of the Swing Line
Lender or any other Person, each Revolving Loan Lender (other than the Swing Line Lender) shall be deemed to have irrevocably purchased, to the extent of its Revolving Loan Percentage, a participation interest in such U.S. Swing Line Loan, and such
Revolving Loan Lender shall, to the extent of its Revolving Loan Percentage, be responsible for reimbursing within one Business Day the Swing Line Lender for U.S. Swing Line Loans which have not been reimbursed by the Borrowers in accordance with
the terms of this Agreement. 
 (c) If (i) any Swing Line Loan shall be outstanding for more than four Business Days,
(ii) any Swing Line Loan is or will be outstanding on a date when any Borrower requests that a Revolving Loan be made, (iii) the aggregate outstanding principal amount of the Swing Line Loans shall exceed at any time the then existing
Swing Line Loan Commitment or (iv) any Default shall occur and be continuing, then each applicable Revolving Loan Lender (other than the Swing Line Lender) irrevocably agrees that it will, at the request of the Swing Line Lender, make an
applicable Revolving Loan (which shall initially be funded as a Floating Rate Loan) in an amount equal to such Lender’s applicable Revolving Loan Percentage of the aggregate principal amount of all such Swing Line Loans then outstanding (such
outstanding Swing Line Loans hereinafter referred to as the “Refunded Swing Line Loans”). On or before 11:00 a.m., New York time, on the first Business Day following receipt by each such Revolving Loan Lender of a request to make
Revolving Loans as provided in the preceding sentence, each Revolving Loan Lender shall wire transfer to an account specified by the Swing Line Lender the amount so requested in same day funds and such funds shall be applied by the Swing Line Lender
to repay the Refunded Swing Line Loans. At the time the applicable Revolving Loan Lenders make the above referenced Revolving Loans, the Swing Line Lender shall be deemed to have made, in consideration of the making of the Refunded Swing Line Loans,
Revolving Loans in an amount equal to the Swing Line Lender’s applicable Revolving Loan Percentage of the 

  
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aggregate principal amount of the Refunded Swing Line Loans. Upon the making (or deemed making, in the case of the Swing Line Lender) of any Revolving Loans pursuant to this clause, the amount so
funded shall become an outstanding Revolving Loan and shall no longer be owed as a Swing Line Loan. All interest payable with respect to any Revolving Loans made (or deemed made, in the case of the Swing Line Lender) pursuant to this
clause shall be appropriately adjusted to reflect the period of time during which the Swing Line Lender had outstanding Swing Line Loans in respect of which such Revolving Loans were made. Each Revolving Loan Lender’s obligation to make
the Revolving Loans referred to in this clause shall be absolute and unconditional and shall not be affected by any circumstance, including (i) any set-off, counterclaim, recoupment, defense or other right which such Lender may have
against the Swing Line Lender, any Obligor or any Person for any reason whatsoever; (ii) the occurrence or continuance of any Default; (iii) any adverse change in the condition (financial or otherwise) of any Obligor; (iv) the
acceleration or maturity of any Obligations or the termination of any Commitment after the making of any Swing Line Loan; (v) any breach of any Loan Document by any Person; or (vi) any other circumstance, happening or event whatsoever,
whether or not similar to any of the foregoing. 
 Section 2.4 Continuation and Conversion Elections. By delivering a
Continuation/Conversion Notice to the Administrative Agent on or before 10:00 a.m., New York time, on a Business Day, either Borrower may from time to time irrevocably elect, on not less than one Business Day’s notice in the case of Floating
Rate Loans, two Business Days’ notice in the case of Fixed Rate Loans comprised of Canadian BAs and three Business Days’ notice in the case of Fixed Rate Loans comprised of LIBO Rate Loans, and in either case not more than five Business
Days’ notice, that all, or any portion in an aggregate minimum amount of C$1,000,000 and an integral multiple of C$500,000 (in the case of Loans denominated in Canadian Dollars) and in an aggregate minimum amount of $1,000,000 and an integral
multiple of $500,000 (in the case of Loans denominated in U.S. Dollars) be, in the case of Floating Rate Loans, converted into Fixed Rate Loans, or in the case of Fixed Rate Loans, converted into Floating Rate Loans or continued as Fixed Rate Loans
(in the absence of delivery of a Continuation/Conversion Notice with respect to any Fixed Rate Loan at least three Business Days (but not more than five Business Days) before the last day of the then current Interest Period with respect thereto,
such Fixed Rate Loan shall, on such last day, automatically convert to a Floating Rate Loan); provided that (x) each such conversion or continuation shall be pro rated among the applicable outstanding Loans of all Lenders that have made such
Loans, and (y) no portion of the outstanding principal amount of any Loans may be continued as, or be converted into, Fixed Rate Loans when any Default has occurred and is continuing. The conversion of a Floating Rate Loan into a Fixed Rate
Loan or a Fixed Rate Loan into a Floating Rate Loan shall not effect a novation of the Loan so converted. 

Section 2.4.1 Converting Canadian Prime Rate Loans to, or Continuing Canadian BAs as, Canadian BAs. Provided that the
Canadian Borrower has, by giving notice to the Administrative Agent in accordance with Section 2.4, requested the Revolving Loan Lenders to accept its drafts to replace all or a portion of an outstanding Canadian Loan, then each
Revolving Lender shall, on the date of conversion or continuation, as applicable, and concurrent with the payment by the Canadian Borrower to the Administrative Agent on behalf of the Revolving Lenders of an amount equal to the difference between
the principal or face amount of such outstanding Canadian Loan or the portion thereof which is being converted or continued 

  
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and the aggregate Notional BA Proceeds with respect to the drafts to be accepted by the Revolving Lenders, accept the Canadian Borrower’s draft or drafts having an aggregate face amount
equal to its Percentage of the aggregate principal or face amount of such Canadian Loan or the portion thereof which is being converted or continued, such acceptance to be in accordance with Section 2.8. 

Section 2.4.2 Converting Canadian BAs to Canadian Prime Rate Loans. Each Revolving Lender shall, at the end of an Interest
Period with respect to Canadian BAs which such Revolving Lender has accepted, pay to the holder thereof the face amount of such Canadian BA. Provided that the Canadian Borrower has, by giving notice to the Administrative Agent in accordance with
Section 2.4, requested a Revolving Lender to convert all or a portion of outstanding maturing Canadian BAs into a Canadian Prime Rate Loan, such Revolving Lender shall, upon the end of the current Interest Period with respect to such
Canadian BAs and the payment by such Revolving Lender to the holders of such Canadian BAs of the aggregate face amount thereof, be deemed to have made to the Canadian Borrower the Canadian Prime Rate Loan into which the matured Canadian BAs or a
portion thereof are converted in the aggregate principal amount equal to its Revolving Loan Percentage of the aggregate face amount of the matured Canadian BAs or the portion thereof which are being converted. 

Section 2.5 Funding. Each Lender may, if it so elects, fulfill its obligation to make, continue or convert LIBO Rate Loans
hereunder by causing one of its foreign branches or Affiliates (or an international banking facility created by such Lender) to make or maintain such LIBO Rate Loan; provided that, such LIBO Rate Loan shall nonetheless be deemed to have been made
and to be held by such Lender, and the obligation of the Borrowers to repay such LIBO Rate Loan shall nevertheless be to such Lender for the account of such foreign branch, Affiliate or international banking facility. In addition, each Borrower
hereby consents and agrees that, for purposes of any determination to be made for purposes of Sections 4.1, 4.2, 4.3 and 4.4, it shall be conclusively assumed that each Lender elected to fund all LIBO Rate Loans by purchasing deposits in its
LIBOR Office’s interbank eurodollar market. 
 Section 2.6 Letter of Credit Issuance Procedures.

 Section 2.6.1 Issuance Procedures. Issuances and amendments of Letters of Credit shall be made in accordance with
the following terms. 
 (a) By delivering to the Issuer, with a copy to the Administrative Agent, an Issuance Request on or
before 10:00 a.m., Toronto time, on a Business Day, the Canadian Borrower may from time to time irrevocably request on not less than two nor more than ten Business Days’ notice, in the case of an initial issuance or amendment of a Canadian
Letter of Credit and not less than two Business Days’ prior notice, in the case of a request for the extension of the Stated Expiry Date of a standby Canadian Letter of Credit (in each case, unless a shorter notice period is agreed to by the
Issuer, in its sole discretion), that the Issuer issue on behalf of the Canadian Borrower or another Canadian Obligor, or extend the Stated Expiry Date of, a Canadian Letter of Credit in such form as may be requested by such Borrower and approved by
such Issuer, solely for the purposes described in Section 7.1.7. Each Canadian Letter of Credit shall by its terms be stated to expire on a date (its “Canadian Letter of Credit Stated Expiry Date”) no later than the
earlier to occur of (i) the Revolving Loan Commitment 

  
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Termination Date or (ii) unless otherwise agreed to by the Issuer, in its sole discretion, one year from the date of its issuance or extension (provided that each standby Canadian Letter of
Credit may, with the consent of the Issuer thereof in its sole discretion, provide for automatic renewals for one year periods which in no event shall extend beyond the Revolving Loan Commitment Termination Date). Such Issuance Request made pursuant
to this Section 2.6.1 may be sent by facsimile, by United States mail, by overnight courier, by electronic transmission using the system provided by the applicable Letter of Credit issuer, by personal delivery or by any other means
acceptable to the applicable Letter of Credit issuer. 
 (b) By delivering to the Issuer, with a copy to the Administrative
Agent, an Issuance Request on or before 11:00 a.m., New York time, on a Business Day, any U.S. Revolving Loan Borrower may from time to time irrevocably request on not less than two nor more than ten Business Days’ notice, in the case of an
initial issuance or amendment of a U.S. Letter of Credit and not less than two Business Days’ prior notice, in the case of a request for the extension of the Stated Expiry Date of a standby Letter of Credit (in each case, unless a shorter
notice period is agreed to by the Issuer, in its sole discretion), that an Issuer issue on behalf of such U.S. Revolving Loan Borrower or another Obligor (other than a Canadian Obligor), or extend the Stated Expiry Date of, a U.S. Letter of Credit
in such form as may be requested by such Borrower and approved by such Issuer, solely for the purposes described in Section 7.1.7. Each U.S. Letter of Credit shall by its terms be stated to expire on a date (its “U.S. Letter of
Credit Stated Expiry Date”) no later than the earlier to occur of (i) the Revolving Loan Commitment Termination Date or (ii) unless otherwise agreed to by an Issuer, in its sole discretion, one year from the date of its issuance
(provided that each standby U.S. Letter of Credit may, with the consent of the Issuer thereof in its sole discretion, provide for automatic renewals for one year periods which in no event shall extend beyond the Revolving Loan Commitment Termination
Date). Such Issuance Request made pursuant to this Section 2.6.1 may be sent by facsimile, by United States mail, by overnight courier, by electronic transmission using the system provided by the applicable Letter of Credit issuer, by
personal delivery or by any other means acceptable to the applicable Letter of Credit issuer. 
 (c) In the case of a request for
an initial issuance of a Letter of Credit, such Issuance Request shall specify in form and detail satisfactory to the Issuer: (A) the proposed issuance date of the requested Letter of Credit (which shall be a Business Day); (B) the amount
(which shall be no less than $500,000) and Currency (which shall be U.S. Dollars or Canadian Dollars) thereof; (C) the expiry date thereof; (D) the name and address of the beneficiary thereof; (E) the documents to be presented by such
beneficiary in case of any drawing thereunder; (F) the full text of any certificate to be presented by such beneficiary in case of any drawing thereunder; (G) the purpose and nature of the requested Letter of Credit; and (H) such
other matters as the Issuer may reasonably require. In the case of a request for an amendment of any outstanding Letter of Credit, such Issuance Request shall specify in form and detail satisfactory to the Issuer (A) the Letter of Credit to be
amended; (B) the proposed date of amendment thereof (which shall be a Business Day); (C) the nature of the proposed amendment; and (D) such other matters as the Issuer may reasonably require. Additionally, the Borrower shall furnish
to the Issuer and the Administrative Agent such other documents and information pertaining to such requested Letter of Credit issuance or amendment, including any Issuer Documents, as the Issuer or the Administrative Agent may reasonably require.

  
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 (d) Promptly after receipt of any Issuance Request, the Issuer will confirm with the
Administrative Agent (by telephone or in writing) that the Administrative Agent has received a copy of such Issuance Request from the Borrower and, if not, the Issuer will provide the Administrative Agent with a copy thereof. Unless the Issuer has
received written notice from any Revolving Loan Lender, the Administrative Agent or any Obligor, at least one Business Day prior to the requested date of issuance or amendment of the applicable Letter of Credit, that one or more applicable
conditions contained in Section 5.2 shall not then be satisfied, then, subject to the terms and conditions hereof, the Issuer shall, on the requested date, issue a Letter of Credit for the account of the Borrower or enter into the
applicable amendment, as the case may be, in each case in accordance with the Issuer’s usual and customary business practices. Each Issuer will make available to the beneficiary thereof the original of the Letter of Credit which it issues.

 (e) The Issuer shall not be under any obligation to (x) issue any Letter of Credit if (i) any order, judgment or
decree of any Governmental Authority or arbitrator shall by its terms purport to enjoin or restrain the Issuer from issuing such Letter of Credit, or any law applicable to the Issuer or any request or directive (whether or not having the force of
law) from any Governmental Authority with jurisdiction over the Issuer shall prohibit, or request that the Issuer refrain from, the issuance of letters of credit generally or such Letter of Credit in particular or shall impose upon the Issuer with
respect to such Letter of Credit any restriction, reserve or capital requirement (for which the Issuer is not otherwise compensated hereunder) not in effect on the Closing Date, or shall impose upon the Issuer any unreimbursed loss, cost or expense
which was not applicable on the Closing Date and which the Issuer in good faith deems material to it, (ii) the issuance of such Letter of Credit would violate one or more policies of the Issuer applicable to letters of credit generally or
(iii) any Lender is at that time a Defaulting Lender, unless the Issuer has entered into arrangements, including the delivery of Cash Collateral, satisfactory to the Issuer (in its sole discretion) with the Borrower or such Lender to eliminate
the Issuer’s actual or potential Fronting Exposure (after giving effect to Section 12.18.1(d)) with respect to the Defaulting Lender arising from either the Letter of Credit then proposed to be issued or that Letter of Credit and
all other L/C Obligations as to which the Issuer has actual or potential Fronting Exposure, as it may elect in its sole discretion or (y) amend any Letter of Credit if (i) the Issuer would have no obligation at such time to issue the
Letter of Credit in its amended form under the terms hereof, or (ii) the beneficiary of the Letter of Credit does not accept the proposed amendment to the Letter of Credit. 

(f) Promptly after its delivery of any Letter of Credit or any amendment to a Letter of Credit to an advising bank with respect thereto or
to the beneficiary thereof, the Issuer will also deliver to the Borrower and the Administrative Agent a true and complete copy of such Letter of Credit or amendment. 
 (g) The Issuer shall act on behalf of the Lenders with respect to any Letters of Credit issued by it and the documents associated therewith, and the Issuer shall have all of the benefits and immunities
(i) provided to the Administrative Agent in Article XI with respect to any acts taken or omissions suffered by the Issuer in connection with Letters of Credit issued by it or proposed to be issued by it and Issuer Documents
pertaining to such Letters of Credit as fully as if the term “Administrative Agent” as used in Article IX included the Issuer with respect to such acts or omissions, and (ii) as additionally provided herein with respect to
the Issuer. 

  
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 Section 2.6.2 Other Lenders Participation. Upon the issuance of each Letter of
Credit, and without further action, each Revolving Loan Lender (other than the applicable Issuer) shall be deemed to have irrevocably purchased, to the extent of its applicable Revolving Loan Percentage, a participation interest in such Letter of
Credit (including the Contingent Liability and any Reimbursement Obligation with respect thereto). In addition, such Revolving Loan Lender shall, to the extent of its applicable Revolving Loan Percentage, be entitled to receive a ratable portion of
the Letter of Credit Fees payable pursuant to Section 3.3.3 with respect to each Letter of Credit (other than the issuance fees payable to the Issuer of such Letter of Credit pursuant to clause (b) of
Section 3.3.3) and of interest payable pursuant to Section 3.2 with respect to any Reimbursement Obligation. 
 Section 2.6.3 Drawings and Reimbursements; Funding of Participations. 

(a) Upon receipt from the beneficiary of any Letter of Credit of any notice of a drawing under such Letter of Credit, the Issuer shall
notify the Borrower and the Administrative Agent thereof. In the case of a Letter of Credit denominated in Canadian Dollars, the Borrower shall reimburse the Issuer in Canadian Dollars, unless the Issuer (at its option) shall have specified in such
notice that it will require reimbursement in Dollars. In the case of any such reimbursement in Dollars of a drawing under a Letter of Credit denominated in Canadian Dollars, the Issuer shall notify the Borrower of the U.S. Dollar Equivalent of
the amount of the drawing promptly following the determination thereof. Not later than 11:00 a.m. on the date of any payment by the Issuer under a Letter of Credit (each such date, a “Disbursement Date”), the Borrower shall
reimburse the Issuer through the Administrative Agent in an amount equal to the amount of such drawing. If the Borrower fails to so reimburse the Issuer by such time, the Administrative Agent shall promptly notify each Revolving Loan Lender of the
Disbursement Date, the amount of the unreimbursed drawing (the “Reimbursement Obligation”), and the amount of such Revolving Loan Lender’s Revolving Loan Percentage thereof. In such event, the Borrower shall be deemed to have
requested a Borrowing of a Base Rate Loan (or, if the applicable Letter of Credit is denominated in Canadian Dollars, a Canadian Prime Rate Loan) to be disbursed on the Disbursement Date in an amount equal to the Reimbursement Obligation, without
regard to the minimum and multiples specified in Section 2.3.1 for the principal amount of Base Rate Loans, but subject to the amount of the unutilized portion of the Commitments and the conditions set forth in Section 5.2
(other than the delivery of a Borrowing Request). Any notice given by the Issuer or the Administrative Agent pursuant to this Section 2.6.3 may be given by telephone if immediately confirmed in writing; provided that the lack of
such an immediate confirmation shall not affect the conclusiveness or binding effect of such notice. 
 (b) Each Revolving Loan
Lender shall upon any notice pursuant to Section 2.6.3(a) make funds available (and the Administrative Agent may apply Cash Collateral provided for this purpose) for the account of the Issuer at the Administrative Agent’s Office in
an amount equal to its Revolving Loan Percentage of the Reimbursement Obligation not later than 1:00 p.m. on the Business Day specified in such notice by the Administrative Agent, whereupon, subject to the provisions of Section 2.6.3(c),
each Revolving Loan Lender that so makes funds available shall be deemed to have made a Base Rate Loan (or, if the applicable Letter of Credit is denominated in Canadian Dollars, a Canadian Prime Rate Loan) to the Borrower in such amount. The
Administrative Agent shall remit the funds so received to the Issuer. 

  
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 (c) With respect to any Reimbursement Obligation that is not fully refinanced by a Borrowing
of Base Rate Loans (or, if the applicable Letter of Credit is denominated in Canadian Dollars, Canadian Prime Rate Loans) because the conditions set forth in Section 5.2 cannot be satisfied or for any other reason, the Borrower shall be
deemed to have incurred from the Issuer an L/C Borrowing in the amount of the Reimbursement Obligation that is not so refinanced, which L/C Borrowing shall be due and payable on demand (together with interest) and shall bear interest at the Default
Rate. In such event, each Revolving Loan Lender’s payment to the Administrative Agent for the account of the Issuer pursuant to Section 2.6.3(b) shall be deemed payment in respect of its participation in such L/C Borrowing and shall
constitute an L/C Advance from such Revolving Loan Lender in satisfaction of its participation obligation under this Section 2.6.3. 
 (d) Until each Revolving Loan Lender funds its Loan or L/C Advance pursuant to this Section 2.6.3 to reimburse the Issuer for any amount drawn under any Letter of Credit, interest in respect
of such Revolving Loan Lender’s Revolving Loan Percentage of such amount shall be solely for the account of the Issuer. 

(e) Each Revolving Loan Lender’s obligation to make Loans or L/C Advances to reimburse the Issuer for amounts drawn under Letters of
Credit, as contemplated by this Section 2.6.3, shall be absolute and unconditional and shall not be affected by any circumstance, including (A) any setoff, counterclaim, recoupment, defense or other right which such Revolving Loan
Lender may have against the Issuer, the Borrower or any other Person for any reason whatsoever; (B) the occurrence or continuance of a Default, or (C) any other occurrence, event or condition, whether or not similar to any of the
foregoing; provided, however, that each Revolving Loan Lender’s obligation to make Loans at the request of the Borrower (but not L/C obligations) pursuant to this Section 2.6.3 is subject to the conditions set forth in
Section 5.2 (other than delivery by the Borrower of a Borrowing Request). No such making of an L/C Advance shall relieve or otherwise impair the obligation of the Borrower to reimburse the Issuer for the amount of any payment made by the
Issuer under any Letter of Credit, together with interest as provided herein. 
 (f) If any Revolving Loan Lender fails to make
available to the Administrative Agent for the account of the Issuer any amount required to be paid by such Revolving Loan Lender pursuant to the foregoing provisions of this Section 2.6.3 by the time specified in
Section 2.6.3(b), then, without limiting the other provisions of this Agreement, the Issuer shall be entitled to recover from such Revolving Loan Lender (acting through the Administrative Agent), on demand, such amount with interest
thereon for the period from the date such payment is required to the date on which such payment is immediately available to the Issuer at a rate per annum equal to the greater of the Federal Funds Rate and a rate determined by the Issuer in
accordance with banking industry rules on interbank compensation, plus any administrative, processing or similar fees customarily charged by the Issuer in connection with the foregoing. If such Revolving Loan Lender pays such amount (with interest
and fees as aforesaid), the amount so paid shall constitute such Revolving Loan Lender’s Loan included in the relevant Borrowing or L/C Advance in respect of the relevant L/C Borrowing, as the case may be. A certificate of the Issuer submitted
to any Revolving Loan Lender (through the Administrative Agent) with respect to any amounts owing under this Section 2.6.3(f) shall be conclusive absent manifest error. 

  
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 Section 2.6.4 Repayment of Participations. 

(a) At any time after the Issuer has made a payment under any Letter of Credit and has received from any Revolving Loan Lender such
Revolving Loan Lender’s L/C Advance in respect of such payment in accordance with Section 2.6.3, if the Administrative Agent receives for the account of the Issuer any payment in respect of the related Reimbursement Obligation or
interest thereon (whether directly from the Borrower or otherwise, including proceeds of Cash Collateral applied thereto by the Administrative Agent), the Administrative Agent will distribute to such Revolving Loan Lender its Revolving Loan
Percentage thereof in the same funds as those received by the Administrative Agent. 
 (b) If any payment received by the
Administrative Agent for the account of the Issuer pursuant to Section 2.6.3(a) is required to be returned under any of the circumstances described in Section 12.10 (including pursuant to any settlement entered into by the
Issuer in its discretion), each Revolving Loan Lender shall pay to the Administrative Agent for the account of the Issuer its Revolving Loan Percentage thereof on demand of the Administrative Agent, plus interest thereon from the date of such demand
to the date such amount is returned by such Revolving Loan Lender, at a rate per annum equal to the Federal Funds Rate from time to time in effect. The obligations of the Revolving Loan Lenders under this clause shall survive the payment in
full of the Obligations and the termination of this Agreement. 
 Section 2.6.5 Deemed Disbursements. Upon the
occurrence and during the continuation of any Default under clauses (a) through (d) of Section 8.1.9 or upon notification by the Administrative Agent (acting at the direction of the Required Lenders) to the
Borrowers of its obligations under this Section, following the occurrence and during the continuation of any other Event of Default, 
 (a) the aggregate Stated Amount of all Letters of Credit shall, without demand upon or notice to any Borrower or any other Person, be deemed to have been paid or disbursed by the Issuers (notwithstanding
that such amount may not in fact have been paid or disbursed); and 
 (b) each Borrower shall be immediately
obligated to reimburse the Issuer for the amount deemed to have been so paid or disbursed by such Issuer. 
 Amounts payable by the Borrowers
pursuant to this Section shall be deposited in immediately available funds with the Collateral Agent and held as collateral security for the Reimbursement Obligations. When all Defaults giving rise to the deemed disbursements under this
Section have been cured or waived the Collateral Agent shall return to the Borrowers all amounts then on deposit with the Collateral Agent pursuant to this Section which have not been applied to the satisfaction of the Reimbursement
Obligations. 
 Section 2.6.6 Obligations Absolute. The obligation of the Borrower to reimburse the Issuer for each
drawing under each Letter of Credit and to repay each L/C Borrowing shall be absolute, unconditional and irrevocable, and shall be paid strictly in accordance with the terms of this Agreement under all circumstances, including the following:

 (a) any lack of validity or enforceability of such Letter of Credit, this Agreement, or any other Loan
Document; 

  
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 (b) the existence of any claim, counterclaim, setoff, defense or other right
that the Borrower or any Subsidiary may have at any time against any beneficiary or any transferee of such Letter of Credit (or any Person for whom any such beneficiary or any such transferee may be acting), the Issuer or any other Person, whether
in connection with this Agreement, the transactions contemplated hereby or by such Letter of Credit or any agreement or instrument relating thereto, or any unrelated transaction; 

(c) any draft, demand, certificate or other document presented under such Letter of Credit proving to be forged,
fraudulent, invalid or insufficient in any respect or any statement therein being untrue or inaccurate in any respect; or any loss or delay in the transmission or otherwise of any document required in order to make a drawing under such Letter of
Credit; 
 (d) any waiver by the Issuer of any requirement that exists for the Issuer’s protection and not
the protection of the Borrower or any waiver by the Issuer which does not in fact materially prejudice the Borrower; 
 (e) any honor of demand for payment presented electronically even if such Letter of Credit requires that demand be in the form of a draft; 

(f) any payment made by the Issuer in respect of an otherwise complying item presented after the date specified as the
expiration date of, or the date by which documents must be received under such Letter of Credit if presentation after such date is authorized by the UCC, the ISP Rules or the UCP, as applicable; 

(g) any payment by the Issuer under such Letter of Credit against presentation of a draft or certificate that does not
strictly comply with the terms of such Letter of Credit; or any payment made by the Issuer under such Letter of Credit to any Person purporting to be a trustee in bankruptcy, debtor-in-possession, assignee for the benefit of creditors, liquidator,
receiver or other representative of or successor to any beneficiary or any transferee of such Letter of Credit, including any arising in connection with any proceeding under any Debtor Relief Law; or 

(h) any other circumstance or happening whatsoever, whether or not similar to any of the foregoing, including any other
circumstance that might otherwise constitute a defense available to, or a discharge of, the Borrower or any Subsidiary. 
 The
Borrower shall promptly examine a copy of each Letter of Credit and each amendment thereto that is delivered to it and, in the event of any claim of noncompliance with the Borrower’s instructions or other irregularity, the Borrower will
immediately notify the Issuer. The Borrower shall be conclusively deemed to have waived any such claim against the Issuer and its correspondents unless such notice is given as aforesaid. 

Section 2.6.7 Role of Issuer. Each Revolving Loan Lender and the Borrower agree that, in paying any drawing under a Letter of
Credit, the Issuer shall not have any responsibility to obtain any document (other than any sight draft, certificates and documents expressly required by the Letter of Credit) or to ascertain or inquire as to the validity or accuracy of any such
document or the authority of the Person executing or delivering any such document. 

  
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None of the Issuer, the Administrative Agent, any of their respective Related Parties nor any correspondent, participant or assignee of the Issuer shall be liable to any Revolving Loan Lender for
(i) any action taken or omitted in connection herewith at the request or with the approval of the Revolving Loan Lenders or the Required Lenders, as applicable; (ii) any action taken or omitted in the absence of gross negligence or willful
misconduct; or (iii) the due execution, effectiveness, validity or enforceability of any document or instrument related to any Letter of Credit or Issuer Document. The Borrower hereby assumes all risks of the acts or omissions of any
beneficiary or transferee with respect to its use of any Letter of Credit; provided, however, that this assumption is not intended to, and shall not, preclude the Borrower’s pursuing such rights and remedies as it may have against
the beneficiary or transferee at law or under any other agreement. None of the Issuer, the Administrative Agent, any of their respective Related Parties nor any correspondent, participant or assignee of the Issuer shall be liable or responsible for
any of the matters described in clauses (a) through (h) of Section 2.6.6; provided, however, that anything in such clauses to the contrary notwithstanding, the Borrower may have a claim against the
Issuer, and the Issuer may be liable to the Borrower, to the extent, but only to the extent, of any direct, as opposed to consequential or exemplary, damages suffered by the Borrower which the Borrower proves were caused by the Issuer’s willful
misconduct, bad faith, fraud or gross negligence or the Issuer’s willful failure to pay under any Letter of Credit after the presentation to it by the beneficiary of a sight draft and certificate(s) strictly complying with the terms and
conditions of a Letter of Credit. In furtherance and not in limitation of the foregoing, the Issuer may accept documents that appear on their face to be in order, without responsibility for further investigation, regardless of any notice or
information to the contrary, and the Issuer shall not be responsible for the validity or sufficiency of any instrument transferring or assigning or purporting to transfer or assign a Letter of Credit or the rights or benefits thereunder or proceeds
thereof, in whole or in part, which may prove to be invalid or ineffective for any reason. The Issuer may send a Letter of Credit or conduct any communication to or from the beneficiary via the Society for Worldwide Interbank Financial
Telecommunication (“SWIFT”) message or overnight courier, or any other commercially reasonable means of communicating with a beneficiary. 
 Section 2.6.8 Applicability of ISP and UCP; Limitation of Liability. Unless otherwise expressly agreed by the Issuer and the Borrower when a Letter of Credit is issued, the ISP Rules shall
apply to each standby Letter of Credit. Notwithstanding the foregoing, the Issuer shall not be responsible to the Borrower for, and the Issuer’s rights and remedies against the Borrower shall not be impaired by, any action or inaction of the
Issuer required or permitted under any law, order, or practice that is required or permitted to be applied to any Letter of Credit or this Agreement, including the law or any order of a jurisdiction where the Issuer or the beneficiary is located,
the practice stated in the ISP Rules or UCP, as applicable, or in the decisions, opinions, practice statements, or official commentary of the ICC Banking Commission, the Bankers Association for Finance and Trade - International Financial Services
Association (BAFT-IFSA), or the Institute of International Banking Law & Practice, whether or not any Letter of Credit chooses such law or practice. 
 Section 2.6.9 Conflict with Issuer Documents. In the event of any conflict between the terms hereof and the terms of any Issuer Document, the terms hereof shall control. 

  
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 Section 2.6.10 Letters of Credit Issued for Subsidiaries. Notwithstanding that a
Letter of Credit issued or outstanding hereunder is in support of any obligations of, or is for the account of, a Subsidiary of the Parent, the Borrower (or, if applicable, the Canadian Borrower) shall be obligated to reimburse the Issuer hereunder
for any and all drawings under such Letter of Credit. The Borrowers hereby acknowledge that the issuance of Letters of Credit for the account of Subsidiaries inures to the benefit of the Borrowers, and that the Borrowers’ businesses derive
substantial benefits from the businesses of such Subsidiaries. 
 Section 2.7 Register; Notes. The Register shall be
maintained on the following terms. 
 (a) Each Borrower hereby designates the Administrative Agent to serve as such
Borrower’s agent, solely for the purpose of this clause, to maintain a register (the “Register”) on which the Administrative Agent will record each Term Loan Lender’s and each Revolving Loan Lender’s Commitment, the
Loans made by such Lender and each repayment in respect of the principal amount of the Term Loans and Revolving Loans, annexed to which the Administrative Agent shall retain a copy of each Lender Assignment Agreement delivered to the Administrative
Agent pursuant to Section 12.10.2(d). Failure to make any recordation, or any error in such recordation, shall not affect any Obligor’s Obligations. The entries in the Register shall be conclusive, in the absence of manifest error,
and the Borrowers, the Administrative Agent and the Lenders shall treat each Person in whose name a Term Loan or Revolving Loan is registered (or, if applicable, to which a Term Note or Revolving Note has been issued) as the owner thereof for the
purposes of all Loan Documents, notwithstanding notice or any provision herein to the contrary. Any assignment or transfer of a Lender’s Commitment or Term Loans or Revolving Loans made pursuant hereto shall be registered in the Register only
upon delivery to the Administrative Agent of a Lender Assignment Agreement that has been executed by the requisite parties pursuant to Section 12.10.2(d). No assignment or transfer of a Lender’s Commitment or Term Loans or Revolving
Loans shall be effective unless such assignment or transfer shall have been recorded in the Register by the Administrative Agent as provided in this Section. 
 (b) Each Borrower agrees that, upon the request to the Administrative Agent by any Lender, such Borrower will execute and deliver to such Lender a Term Note or Revolving Note, as the case may be,
evidencing the Term Loans or Revolving Loans made by, and payable to the order of, such Lender in a maximum principal amount equal to such Lender’s applicable Percentage of the original (in the case of Term Loans) or then applicable (in the
case of Revolving Loans) Commitment Amount; provided that, upon any assignment or transfer of a Lender’s Commitments or Term Loans or Revolving Loans, such Lender shall surrender to the relevant Borrowers its Term Notes and Revolving
Notes. Each Borrower hereby irrevocably authorizes each Lender to make (or cause to be made) appropriate notations on the grid attached to such Lender’s Note (or on any continuation of such grid), which notations, if made, shall evidence,
inter alia, the date of, the outstanding principal amount of, and the interest rate and Interest Period applicable to the Term Loans or Revolving Loans evidenced thereby. Such notations shall, to the extent not inconsistent with
notations made by the Administrative Agent in the Register, be conclusive and binding on each Obligor absent manifest error; provided that the failure of any Lender to make any such notations shall not limit or otherwise affect any
Obligations of any Obligor. 

  
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 Section 2.8 Canadian BAs. Not in limitation of any other provision of this
Agreement, but in furtherance thereof, the provisions of this Section shall further apply to the acceptance, rolling over and conversion of Canadian BAs. 
 Section 2.8.1 Funding of Canadian BAs. If the Administrative Agent receives a Canadian Revolving Loan Borrowing Request or a Canadian Revolving Loan Continuation/Conversion Notice from the
Canadian Borrower requesting a Borrowing or a rollover of or a conversion into a Canadian Revolving Loan by way of Canadian BAs, the Administrative Agent shall notify each of the applicable Revolving Loan Lenders, on the same Business Day on which
it shall have received such request, of such request and of each such Revolving Loan Lender’s applicable Percentage of such Canadian Revolving Loan. Each applicable Revolving Loan Lender shall, not later than 10:00 a.m., Toronto time, on the
date of each Canadian Loan by way of Canadian BAs (whether in respect of the Credit Extension or pursuant to a rollover or conversion), accept drafts of the Canadian Borrower which are presented to it for acceptance and which have an aggregate face
amount equal to such Revolving Loan Lender’s applicable Percentage of the total Canadian Revolving Loan being made available by way of Canadian BAs on such date. With respect to each draw down of, rollover of or conversion into Canadian BAs, no
Revolving Loan Lender shall be required to accept any draft which has a face amount which is not in a minimum amount of C$250,000 and an integral multiple of C$250,000. Concurrent with the acceptance of drafts of the Canadian Borrower as aforesaid,
each applicable Revolving Loan Lender shall make available to the Administrative Agent the aggregate Notional BA Proceeds with respect to the Canadian BAs being purchased by such Revolving Loan Lender (net of the aggregate amount required to repay
such Revolving Loan Lender’s outstanding Canadian BAs that are maturing on such date and/or Floating Rate Loans of such Revolving Loan Lender that are being converted on such date). The Administrative Agent shall make such amount, if any,
received from the applicable Revolving Loan Lenders available to the Canadian Borrower on the date of such Canadian Revolving Loan by crediting the designated account of the Canadian Borrower. 

Section 2.8.2 Execution of Canadian BAs. To facilitate the acceptance of Canadian BAs hereunder, the Canadian Borrower hereby
appoints each Revolving Loan Lender as its attorney to sign and endorse on its behalf, as and when considered necessary by the Revolving Loan Lender, an appropriate number of drafts in the form prescribed by that Revolving Loan Lender. Each
Revolving Loan Lender may, at its option, execute any draft in handwriting or by the facsimile or mechanical signature of any of its authorized officers, and the Revolving Loan Lenders are hereby authorized to accept or pay, as the case may be, any
draft of the Canadian Borrower which purports to bear such a signature notwithstanding that any such individual has ceased to be an authorized officer of the Revolving Loan Lender, in which case any such draft or Canadian BA shall be as valid as if
he or she were an authorized officer at the date of issue of the draft or Canadian BA. Any drafts or Canadian BA signed by a Revolving Loan Lender as attorney for the Canadian Borrower, whether signed in handwriting or by the facsimile or mechanical
signature of an authorized officer of a Revolving Loan Lender, may be dealt with by the Administrative Agent or any Revolving Loan Lender to all intents and purposes and shall bind each Borrower as if duly signed and issued by the Canadian Borrower.
The receipt by the Administrative Agent of a request for a Borrowing by way of Canadian BAs shall constitute each applicable Revolving Loan Lender’s sufficient authority to execute, and each applicable Revolving Loan Lender shall, subject to
the terms and conditions of this Agreement, execute drafts in accordance with such request, and the drafts so executed shall thereupon be deemed to have been presented for acceptance. 

  
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 Section 2.8.3 Special Provisions Relating to Acceptance Notes. (a) The
Canadian Borrower and each Revolving Loan Lender hereby acknowledge and agree that from time to time certain Revolving Loan Lenders may not be authorized to or may, as a matter of general corporate policy, elect not to, accept Canadian BA drafts,
and the Canadian Borrower and each Revolving Loan Lender agrees that any such Revolving Loan Lender may purchase Acceptance Notes of the Canadian Borrower in accordance with the provisions of clause (b) of this Section 2.8.3
in lieu of accepting Canadian BAs for its account. 
 (b) In the event that any Revolving Loan Lender described in
clause (a) of this Section 2.8.3 is unable to, or elects as a matter of general corporate policy not to, accept Canadian BAs hereunder, such Revolving Loan Lender shall not accept Canadian BAs hereunder, but rather, if the
Canadian Borrower requests the acceptance of such Canadian BAs, the Canadian Borrower shall deliver to such Revolving Loan Lender non-interest bearing promissory notes (each, an “Acceptance Note”) of the Canadian Borrower,
substantially in the form of Exhibit A-6 hereto, having the same maturity as the Canadian BAs that would otherwise be accepted by such Revolving Loan Lender and in an aggregate principal amount equal to the undiscounted face amount of such
Canadian BAs. Each Revolving Loan Lender hereby agrees to purchase each Acceptance Note from the Canadian Borrower at a purchase price equal to the Notional BA Proceeds for a Revolving Loan Lender which would have been applicable if a Canadian BA
draft had been accepted by such Revolving Loan Lender and such Acceptance Notes shall be governed by the provisions of this Article II as if they were Canadian BAs. 

Section 2.9 Incremental Facilities. 
 Section 2.9.1 Upon at least 5 days’ notice to the Administrative Agent, at any time after the Closing Date but on not more than five occasions during the term of this Agreement, the Borrowers
may request Additional Term Commitments (which may take the form of an increase to the then-existing Term Loan or an Additional Term Loan) or Additional Revolving Commitments (collectively, the “Incremental Facilities”); provided
that (i) after giving pro forma effect to any such addition, the aggregate amount of Incremental Facilities that have been added pursuant to this Section 2.9 shall not exceed (x) $25,000,000 (or the equivalent thereof in
Canadian Dollars) plus (y) if after giving pro forma effect thereto the First Lien Leverage Ratio (without netting the proceeds of any such Incremental Facility as cash thereunder and assuming in the case of any Additional Revolving Commitments
that such Commitments were fully drawn) would be less than 1.90:1 after giving pro forma effect thereto, an additional amount not to exceed $50,000,000, in each case, with respect to clauses (x) and (y), minus any “Incremental
Facilities” under and as defined in the Second Lien Credit Agreement that have been incurred on or prior to the relevant date of determination and (ii) any such addition shall be in an aggregate amount of $15,000,000 (or the equivalent
thereof in Canadian Dollars), in the case of Additional Term Loan Commitments, or $5,000,000 (or the equivalent thereof in Canadian Dollars), in the case of Additional Revolving Commitments, or, in either case, any whole multiple of $1,000,000 in
excess thereof (provided that such amount may be less than $15,000,000 or $5,000,000, respectively, (or the equivalent thereof in Canadian Dollars) if such amount represents all remaining availability under the aggregate limit in respect of the
Incremental Facilities set forth in clause (i) to this proviso). 

  
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 Section 2.9.2 If any Incremental Facilities are added in accordance with this
Section 2.9.1, the Administrative Agent and the applicable Borrowers shall determine the effective date (the “Incremental Facility Effective Date”) and the final amount of such addition. The Administrative Agent shall
promptly notify the applicable Borrowers and the applicable Lenders of the final amount of such addition and the Incremental Facility Effective Date. Each such Lender may, in its sole discretion, commit to participate in such Incremental Facilities
by forwarding its commitment thereto to the Administrative Agent in form and substance reasonably satisfactory to the Administrative Agent. As a condition precedent to such addition: (i) no Default or Event of Default exists or would exist
immediately after giving effect to the Incremental Facility, (ii) any Additional Revolving Commitments shall be documented as an increase to, and shall be on terms identical to, the Revolving Loan Commitments, (iii) the maturity date of
any Additional Term Loans shall be no earlier than the maturity date of the existing Term Loans, (iv) the weighted average life to maturity of the Additional Term Loans shall be no shorter than the remaining average life to maturity of the
existing Term Loans, (v) the yield applicable to the Additional Term Loan shall be determined by the Borrowers and the lenders thereunder but provided that if the yield on the Additional Term Loan exceeds the yield at such time on the existing
Term Loans by more than 0.50% per annum, then the interest rate margins for the then existing Term Loans shall be increased to the extent necessary so that the yield on the existing Term Loans is no lower than a yield 0.50% per annum below
that of the Additional Term Loan, provided further that in determining the yield applicable to the Additional Term Loans and the existing Term Loans (x) original issue discount (“OID”), commitment fees or upfront fees (which
shall be deemed to constitute like amounts of OID) payable by the Borrower to the Lenders in the initial primary syndication thereof shall be included (with OID being equated to interest based on an assumed four year life to maturity),
(y) customary arrangement, structuring or underwriting fees shall be excluded and (z) if such Additional Term Loans include an interest rate floor greater than the interest rate floor applicable to the Term Loans, such increased amount
shall be equated to yield and implemented as a floor or increase in floor on the existing Term Loans, (vi) the Borrowers shall be in pro forma compliance with the financial covenant in Section 7.2.4 after giving pro forma
effect to all Incremental Facilities and assuming that all Incremental Facilities have been fully drawn (without netting the proceeds of any such Incremental Facility as cash thereunder), and (vii) the Administrative Agent shall have received
customary legal opinions, board resolutions and other customary closing certificates (including as to the satisfaction of the conditions set forth in Section 5.2 and in this Section 2.9 with calculations in reasonable detail)
reasonably requested by the Administrative Agent and consistent in form with those delivered on the Closing Date. 

Section 2.9.3 On each Incremental Facility Effective Date, each applicable Lender, assignee under Section 12.10.2(d) or
other Person which is participating in the Incremental Facility (i) shall become a “Term Loan Lender” or “Revolving Loan Lender”, as applicable, for all purposes of this Agreement and the other Loan Documents and
(ii) in the case of any Additional Term Commitment, shall make an Additional Term Loan to the applicable Borrowers in a principal amount equal to such Additional Term Commitment, and such Additional Term Loan shall be a “Term Loan”
for all purposes of this Agreement and the other Loan Documents. 

  
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 Section 2.9.4 The Incremental Facilities shall be evidenced by an amendment or
supplement to this Agreement executed by the Borrowers (and consented to by all other Obligors), the Lenders participating in such Incremental Facilities and the Administrative Agent, and may include the Additional Term Loans, Increased Terms Loans
or Additional Revolving Commitments, as applicable, in any mandatory prepayment, pro rata sharing, voting or other provision of this Agreement on terms consistent with the Term Loans and the Revolving Commitments, as applicable. On any Incremental
Facility Effective Date in respect of any Additional Revolving Commitment, subject to the satisfaction of the foregoing terms and conditions, (i) each of the existing Revolving Lenders shall assign to each of the Additional Revolving Lenders,
and each of the Additional Revolving Lenders shall purchase from each of the existing Revolving Lenders, at the principal amount thereof, such interests in the Revolving Loans outstanding on such Incremental Facility Effective Date as shall be
necessary in order that, after giving effect to all such assignments and purchases, such Revolving Loans will be held by the existing Revolving Lenders and the Additional Revolving Lenders ratably in accordance with their respective Revolving Loan
Commitments after giving effect to the addition of the Additional Revolving Commitments to the Revolving Loan Commitments and (ii) each Additional Revolving Loan shall be deemed, for all purposes of this Agreement, a “Revolving
Loan”. 
 Section 2.9.5 Any Additional Term Loans, Increased Term Loans or Additional Revolving Commitments, as
applicable, made or provided pursuant to this Section 2.9 shall be evidenced by one or more entries in the Register maintained by the Administrative Agent in accordance with the provisions set forth in this Agreement. 

Section 2.9.6 This Section 2.9 shall override any provision in Section 4.8 or 12.1 to the contrary.

 Section 2.10 Extension of Maturity Date. 

Section 2.10.1 Requests for Extension. The Borrowers may, by notice (an “Extension Notice”) to the
Administrative Agent (who shall promptly notify the Lenders) not earlier than 60 days and not later than 35 days prior to the Stated Maturity Date then in effect hereunder (the “Existing Maturity Date”), request that each Lender
extend such Lender’s applicable Stated Maturity Date and, if applicable, Revolving Loan Commitment Termination Date with respect to all or any portion of the Commitment (but for the avoidance of doubt, excluding the Term Loan Commitment) or all
or any portion of the outstanding Revolving Loans and Term Loans, for an additional one year from the Existing Maturity Date or the Revolving Loan Commitment Termination Date, as applicable. 

Section 2.10.2 Lender Elections to Extend. Each Lender, acting in its sole and individual discretion, shall, by notice to the
Administrative Agent given not later than the date (the “Notice Date”) that is 15 days following receipt of an Extension Notice, advise the Administrative Agent whether or not such Lender agrees to such extension (and each Lender
that does not agree to such extension (a “Non Extending Lender”) shall notify the Administrative Agent of such fact promptly after such determination (but in any event no later than the Notice Date)), and any Lender that does not so
advise the Administrative Agent on or before the Notice Date shall be deemed to be a Non Extending Lender. The election of any Lender to agree to 

  
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such extension (an “Extending Lender”) shall not obligate any other Lender to so agree. In the event that the aggregate principal amount of the Commitment or Loan, as applicable,
that is subject to the Borrower’s request for such extension is less than the aggregate amount of Commitments or Loans, as applicable, of the Extending Lenders, such extension shall apply, on a pro rata basis, to each Extending Lender’s
Commitment or Loans, as applicable. 
 Section 2.10.3 Notification by Administrative Agent. The Administrative Agent
shall notify the Borrowers of each Lender’s determination under this Section no later than the date 5 days following the Notice Date (or, if such date is not a Business Day, on the next preceding Business Day). 

Section 2.10.4 Additional Commitment Lenders. The Borrowers shall have the right to replace each Non Extending Lender with,
and add as “Lenders” under this Agreement in place thereof, one or more Eligible Assignees (each, an “Additional Commitment Lender”) as provided in Section 4.11; provided that each of such Additional
Commitment Lenders shall enter into a Lender Assignment Agreement pursuant to which such Additional Commitment Lender shall, effective as of the Existing Maturity Date, undertake a Commitment (and, if any such Additional Commitment Lender is already
a Lender, its Commitment shall be in addition to such Lender’s Commitment hereunder on such date). 
 Section 2.10.5
Effective Date. Subject to compliance with the conditions set forth in Section 2.10.6, effective as of the Existing Maturity Date, the applicable Stated Maturity Date (and the Revolving Loan Commitment Termination Date, if
applicable) of each Extending Lender and of each Additional Commitment Lender shall be extended to the date falling one year after the Existing Maturity Date (or the Revolving Loan Commitment Termination Date, if applicable) (except that, if such
date is not a Business Day, such Maturity Date (or the Revolving Loan Commitment Termination Date, if applicable) as so extended shall be the next preceding Business Day) and each Additional Commitment Lender shall thereupon become a
“Lender” for all purposes of this Agreement. The yield applicable to the Loans and Commitments subject to such extension shall be determined by the Borrowers, the Extending Lenders and the Additional Commitment Lenders, with any change in
the Applicable Margin or fees payable hereunder to be effective as of the Existing Maturity Date. 
 Section 2.10.6
Conditions to Effectiveness of Extensions. As a condition precedent to such extension, the Borrowers shall deliver to the Administrative Agent a certificate of each Obligor dated as of the Existing Maturity Date (in sufficient copies for each
Extending Lender and each Additional Commitment Lender) (i) certifying and attaching the resolutions adopted by such Obligor approving or consenting to such extension and (ii) in the case of the Borrowers, certifying that, before and after
giving effect to such extension, (A) the representations and warranties contained in Article VI and the other Loan Documents are true and correct in all material respects (unless qualified by “material” or “Material
Adverse Effect” or similar references to materiality, in which case such representations and warranties shall be true and correct in all respects) on and as of the Existing Maturity Date, except to the extent that such representations and
warranties specifically refer to an earlier date, in which case they are true and correct in all material respects (unless qualified by “material” or “Material Adverse Effect” or similar references to materiality, in which case
such representations and warranties shall be true and correct in all respects) as of such earlier date, and (B) no Default or Event of 

  
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Default exists. In addition, on the applicable Stated Maturity Date of each Non-Extending Lender, the Borrowers shall prepay any Loans outstanding on such date (and pay any additional amounts
required pursuant to Section 4.4) to the extent necessary to keep outstanding Loans ratable with any revised Term Loan Percentages and Revolving Loan Percentages of the respective Lenders effective as of such date. 

Section 2.10.7 Conflicting Provisions. This Section shall supersede any provisions in Section 4.8 or
12.1 to the contrary. 
 Section 2.11 Cash Collateral. 

Section 2.11.1 Certain Credit Support Events. Upon the request of the Administrative Agent or the Issuer (i) if the
Issuer has honored any full or partial drawing request under any Letter of Credit and such drawing has resulted in an L/C Borrowing, or (ii) if, as of the Stated Expiry Date or a maturity date of a Canadian BA, any Letter of Credit Outstanding
or Canadian BA for any reason remains outstanding, the Borrower shall, in each case, immediately Cash Collateralize the then outstanding amount of all Letter of Credit Outstandings and Canadian BAs, as applicable. At any time that there shall exist
a Defaulting Lender, immediately upon the request of the Administrative Agent, the Issuer or the Swing Line Lender, the Borrowers shall deliver to the Administrative Agent Cash Collateral in an amount sufficient to cover all Fronting Exposure (after
giving effect to Section 12.18.1(d) and any Cash Collateral provided by the Defaulting Lender). 

Section 2.11.2 Grant of Security Interest. The Borrowers, and to the extent provided by any Lender, such Lender, hereby
grants to (and subjects to the control of) the Administrative Agent, for the benefit of the Administrative Agent, the Issuer and the Lenders (including the Swing Line Lender), and agrees to maintain, a first priority security interest in all such
cash, deposit accounts and all balances therein, and all other property so provided as collateral pursuant hereto, and in all proceeds of the foregoing, all as security for the obligations to which such Cash Collateral may be applied pursuant to
Section 2.11.3. If at any time the Administrative Agent determines that Cash Collateral is subject to any right or claim of any Person other than the Administrative Agent as herein provided, or that the total amount of such Cash
Collateral is less than the applicable Fronting Exposure or amount of Canadian BAs and other obligations secured thereby, the Borrower or the relevant Defaulting Lender will, promptly upon demand by the Administrative Agent, pay or provide to the
Administrative Agent additional Cash Collateral in an amount sufficient to eliminate such deficiency. 
 Section 2.11.3
Application. Notwithstanding anything to the contrary contained in this Agreement, Cash Collateral provided under any of this Section 2.11 or Sections 2.6, 3.1.1, 3.1.2, 4.7, 8.2 or
12.18 in respect of Letters of Credit or Canadian BAs shall be held and applied to the satisfaction of the specific Letter of Credit Outstandings, Canadian BAs, obligations to fund participations therein (including, as to Cash Collateral
provided by a Defaulting Lender, any interest accrued on such obligation) and other obligations for which the Cash Collateral was so provided, prior to any other application of such property as may be provided for herein. 

  
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 Section 2.11.4 Release. Cash Collateral (or the appropriate portion thereof)
provided to reduce Fronting Exposure or other obligations shall be released promptly following (i) the elimination of the applicable Fronting Exposure or other obligations giving rise thereto (including by the termination of Defaulting Lender
status of the applicable Lender (or, as appropriate, its assignee following compliance with Section 12.10.2(f)) or (ii) the Administrative Agent’s good faith determination that there exists excess Cash Collateral;
provided, however, (x) that Cash Collateral furnished by or on behalf of an Obligor shall not be released during the continuance of a Default or Event of Default (and following application as provided in this
Section 2.11 may be otherwise applied in accordance with Section 4.7), and (y) the Person providing Cash Collateral and the Issuer, as applicable, may agree that Cash Collateral shall not be released but instead held to
support future anticipated Fronting Exposure or other obligations. 
 ARTICLE III 

REPAYMENTS, PREPAYMENTS, INTEREST AND FEES 
 Section 3.1 Repayments and Prepayments; Application. The Borrowers agree that the Loans shall be repaid and prepaid pursuant to the following terms. 

Section 3.1.1 Repayments and Prepayments. Each Borrower shall repay in full the unpaid principal amount of each Loan made to
such Borrower upon the applicable Stated Maturity Date therefor. Prior thereto, payments and prepayments of the Loans shall or may be made as set forth below. 
 (a) From time to time on any Business Day, subject to payment of the applicable premium (if any) contemplated by the last sentence of this Section 3.1, any Borrower may make a voluntary
prepayment, in whole or in part, of the outstanding principal amount of any 
 (i) Loans (other than Swing Line
Loans and Canadian BAs); provided that (A) any such prepayment of (x) the Term Loans shall be made pro rata among Term Loans of the same type and, if applicable, having the same Interest Period of all Lenders that have
made such Term Loans (applied to the remaining amortization payments for the Term Loans, in such amounts as such Borrower shall determine) and (y) Revolving Loans shall be made pro rata among Revolving Loans of the same type and,
if applicable, having the same Interest Period of all Lenders that have made such Revolving Loans; (B) all such voluntary prepayments shall require at least one but no more than five Business Days’ prior notice to the Administrative Agent;
and (C) all such voluntary partial prepayments shall be, in the case of LIBO Rate Loans, in an aggregate minimum amount of $2,500,000 and an integral multiple of $1,000,000 and, in the case of Floating Rate Loans, in an aggregate minimum amount
of C$2,500,000 and an integral multiple of C$1,000,000 (for Floating Rate Loans denominated in Canadian Dollars) and $2,500,000 and an integral multiple of $1,000,000 (for Floating Rate Loans denominated in U.S. Dollars); and 

  
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 (ii) Swing Line Loans; provided that (A) all such voluntary
prepayments shall require prior telephonic notice to the Swing Line Lender on or before 10:00 a.m., New York time, on the day of such prepayment (such notice to be confirmed in writing within 24 hours thereafter); and (B) all such voluntary
partial prepayments shall be in an aggregate minimum amount of $500,000 and an integral multiple of $100,000, in the case of Swing Line Loans denominated in Dollars, or in an aggregate minimum amount of C$500,000 and an integral multiple of
C$100,000, in the case of Swing Line Loans denominated in Canadian Dollars. For greater certainty, Canadian BAs may not be prepaid prior to their maturity. 
 (b) On each date when the sum of (i) the U.S. Dollar Equivalent of the aggregate outstanding principal amount of all Revolving Loans and Swing Line Loans and (ii) the U.S. Dollar
Equivalent of the aggregate amount of all Letter of Credit Outstandings exceeds the then Revolving Loan Commitment Amount (as it may be reduced from time to time pursuant to this Agreement), the Revolving Loan Borrowers shall make a mandatory
prepayment of Revolving Loans or Swing Line Loans or both (other than Canadian BAs), and, if necessary, Cash Collateralize all Letter of Credit Outstandings, in an aggregate amount equal to such excess. 

(c) On each Quarterly Payment Date occurring during any period set forth below, the Term Loan Borrower shall make a scheduled repayment of
the aggregate outstanding principal amount, if any, of all Term Loans in an amount equal to the percentage of the aggregate outstanding principal amount of Term Loans (immediately after the making of the Term Loans on the Closing Date) set forth
below opposite the Stated Maturity Date or such Quarterly Payment Date, as applicable: 
  

					
	 Period
	  	Percentage of Required
Principal Repayment	 
	 Closing Date through (and including) January 31, 2019
	  	 	0.25	% 
	 Stated Maturity Date for Term Loans
	  	 	94.00	% 

 The final principal repayment installment of the Term Loans shall be repaid on the Stated Maturity Date and in any event
shall be in an amount equal to the aggregate principal amount of all Term Loans outstanding on such date. 
 (d) Concurrently
with the receipt by the Parent or any of its Subsidiaries of any Net Debt Proceeds, the Borrowers shall make, or cause to be made, a mandatory prepayment of the Loans in an amount equal to 100% of such Net Debt Proceeds plus the applicable premium
(if any) owed pursuant to the last sentence of this Section 3.1. 
 (e) The Parent shall, within five Business Days
following the receipt of any Net Disposition Proceeds or Net Casualty Proceeds by the Parent or any of its Subsidiaries, (x) deliver to the Administrative Agent a calculation of the amount of such proceeds and, to the extent the aggregate
amount of such proceeds received by the Parent and its Subsidiaries in any Fiscal Year exceeds the U.S. Dollar Equivalent of $2,000,000, make, or cause to be made, a mandatory prepayment of the Loans in an amount equal to 100% of the aggregate
amount of such Net Disposition Proceeds or Net Casualty Proceeds in excess of the U.S. Dollar Equivalent 

  
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 of $2,000,000; provided that, pursuant to written notice referred to above delivered
by the Parent to the Administrative Agent in connection with the calculation not more than three Business Days following receipt of any such Net Disposition Proceeds or Net Casualty Proceeds, so long as no Default has occurred and is continuing, all
such other Net Disposition Proceeds or Net Casualty Proceeds, as the case may be, may be retained by the Parent or any such Subsidiary, as the case may be (and be excluded from the prepayment requirements of this clause (e)), if (i) the
Parent informs the Administrative Agent in such notice of its good faith intention to apply (or cause one or more of the Subsidiaries to apply) such Net Disposition Proceeds or Net Casualty Proceeds to the acquisition of other assets or properties
in the United States consistent with the businesses permitted to be conducted pursuant to Section 7.2.1 (including by way of merger or Investment); provided further that, so long as such assets or properties will be owned
by a Borrower or a Subsidiary Guarantor and will constitute collateral, such assets or properties may be located outside of the United States, and (ii) within 365 days following the receipt of such Net Disposition Proceeds or Net Casualty
Proceeds, such proceeds are actually applied or committed pursuant to a written agreement to such acquisition. The amount of such Net Disposition Proceeds or Net Casualty Proceeds not applied after such 365 day period (or committed pursuant to a
written agreement within such 365 day period but not applied within 180 days after such 365 day period) shall be applied as a mandatory prepayment of the Loans as required pursuant to the first sentence of this clause (e) without giving effect
to the provisos herein. 
 (f) Within 100 days after the close of each Fiscal Year (beginning with the Fiscal Year ended
April 30, 2014) the Borrowers shall make, or cause to be made, a mandatory prepayment of the Loans in an amount equal to the ECF Percentage of the Excess Cash Flow (if any) for such Fiscal Year, provided that voluntary prepayments of the Term
Loans, and of the Revolving Loans in the event that Revolving Loan Commitments are permanently reduced, that are made in any Fiscal Year shall be credited against this required Excess Cash Flow payment for such Fiscal Year on a dollar-for-dollar
basis. 
 (g) Immediately upon any acceleration of the Stated Maturity Date of any Loans pursuant to Section 8.2 or
Section 8.3, the Borrowers shall repay, or cause to be repaid, all the Loans, unless, pursuant to Section 8.3, only a portion of all the Loans is so accelerated (in which case the portion so accelerated shall be so repaid).

 All prepayments under this Section shall be subject to Section 4.4, but otherwise shall be (except as set
forth in the next sentence) without premium or penalty, and shall be accompanied by accrued and unpaid interest on the principal amount to be prepaid to but excluding the date of payment. In the event that on or prior to the first anniversary of the
Closing Date, the Borrowers make any mandatory prepayment pursuant to Section 3.1(d) or any optional prepayment (or effectuate any amendment to this Agreement having the same effect) of the Term Loans using the proceeds of Indebtedness
having a weighted average yield (calculated with upfront fees, which shall be deemed to constitute original issue discount, and which shall be equated to interest based on an assumed four-year life to maturity) that is less than the weighted average
yield of the Term Loans (as determined on the same basis) the Borrowers shall pay to the Administrative Agent, for the ratable account of each of the applicable Lenders holding Term Loans, a prepayment premium of 1% of the amount of the Term Loans
so prepaid (or subject to such amendment), if such prepayment or amendment is made prior to the first anniversary of the Closing Date. 

  
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 Section 3.1.2 Application. Amounts prepaid pursuant to Section 3.1.1
shall be applied as set forth in this Section. 
 (a) Subject to clause (b), each prepayment or repayment of the
principal of the Loans shall be applied, to the extent of such prepayment or repayment, first, to the principal amount thereof being maintained as Floating Rate Loans, and second, subject to the terms of Section 4.4, to the
principal amount thereof being maintained as Fixed Rate Loans. 
 (b) Each prepayment of the Loans made pursuant to
clauses (d), (e) and (f) of Section 3.1.1 shall be applied (i) first, pro rata to a mandatory prepayment of the outstanding principal amount of all Term Loans (with the amount of such
prepayment of the Term Loans being applied pro rata against the amount of each remaining Term Loan amortization payment), and (ii) thereafter, to the repayment of any outstanding U.S. Revolving Loans and Canadian Revolving Loans until
paid in full, and then to Cash Collateralize Letter of Credit Outstandings (other than Letter of Credit Outstandings that have been paid pursuant to the preceding clause). 
 Section 3.2 Interest Provisions. Interest on the outstanding principal amount of the Loans (other than with respect to Canadian BAs) shall accrue and be payable in accordance with the terms set
forth below. 
 Section 3.2.1 Rates. Subject to Section 2.3.2, pursuant to an appropriately
delivered Borrowing Request or Continuation/Conversion Notice, the applicable Borrowers may elect that the Loans comprising a Borrowing accrue interest at a rate per annum: 

(a) on that portion maintained from time to time as a Floating Rate Loan, equal to the sum of the Alternate Base Rate (if
such Loan is a U.S. Loan or a Canadian Loan denominated in U.S. Dollars) or the Canadian Prime Rate (if such Loan is a Canadian Loan denominated in Canadian Dollars), as applicable, from time to time in effect plus the Applicable Margin;
provided that (i) all U.S. Swing Line Loans shall always accrue interest at the Alternate Base Rate plus the then effective Applicable Margin for Revolving Loans maintained as Floating Rate Loans and (ii) all Canadian Swing Line
Loans shall always accrue interest at a rate per annum equal to the Canadian Prime Rate or the Alternate Base Rate from time to time in effect plus the then effective Applicable Margin for Canadian Revolving Loans maintained as Floating Rate Loans;
and 
 (b) on that portion maintained as a LIBO Rate Loan, during each Interest Period applicable thereto, equal
to the sum of the LIBO Rate (Reserve Adjusted) for such Interest Period plus the Applicable Margin. 
 All LIBO Rate Loans shall bear interest
from and including the first day of the applicable Interest Period to (but not including) the last day of such Interest Period at the interest rate determined as applicable to such LIBO Rate Loan. Interest on Floating Rate Loans shall be calculated
from and including the first day of the Borrowing of such Floating Rate Loan to (but not including) the date interest is required to be paid on such Floating Rate Loan pursuant to Section 3.2.3. 

  
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 Section 3.2.2 Post-Maturity Rates; Default Rate. After the date any principal
amount of any Loan or Reimbursement Obligation is due and payable (whether on the Stated Maturity Date, upon acceleration or otherwise), the Borrowers shall pay, but only to the extent permitted by law, interest (after as well as before judgment) on
such amounts at a rate per annum equal to the rate of interest that otherwise would be applicable to such Loan plus 2% per annum (in each case being the “Default Rate”). Upon the request of the Required Lenders, while
any other 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 Laws. Accrued and unpaid interest on past due amounts (including interest on past due interest) shall be due and payable upon demand. 
 Section 3.2.3 Payment Dates. Interest accrued on each Loan shall be payable, without duplication: 
 (a) on the Stated Maturity Date therefor; 
 (b) on the date of any
payment or prepayment, in whole or in part, of principal outstanding on such Loan on the principal amount so paid or prepaid; 
 (c) with respect to Floating Rate Loans, on each Quarterly Payment Date occurring after the Effective Date; 
 (d) with respect to LIBO Rate Loans, on the last day of each applicable Interest Period (and, if such Interest Period shall exceed three months, on the date occurring on each three-month interval
occurring after the first day of such Interest Period); 
 (e) with respect to any Floating Rate Loans converted
into Fixed Rate Loans on a day when interest would not otherwise have been payable pursuant to clause (c), on the date of such conversion; and 
 (f) on that portion of any Loans the Stated Maturity Date of which is accelerated pursuant to Section 8.2 or Section 8.3, immediately upon such acceleration. 

Interest accrued on Loans or other monetary Obligations after the date such amount is due and payable (whether on the Stated Maturity Date, upon
acceleration or otherwise) shall be payable upon demand. 
 Section 3.2.4 Interest Act Provision. Interest payable
on Canadian Loans shall be subject to the following terms. 
 (a) For the purposes of the Interest Act (Canada), whenever
interest payable pursuant to this Agreement is calculated with respect to any monetary Obligation relating to Canadian Loans on the basis of a period other than a calendar year (the “Calculation Period”), each rate of interest
determined pursuant to such calculation expressed as an annual rate is equivalent to such rate as so determined, multiplied by the actual number of days in the calendar year in which the same is to be ascertained and divided by the number of
days in the Calculation Period. 

  
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 (b) The principle of deemed reinvestment of interest with respect to any monetary Obligation
relating to Canadian Loans shall not apply to any interest calculation under this Agreement. 
 (c) The rates of interest with
respect to any monetary Obligation relating to Canadian Loans stipulated in this Agreement are intended to be nominal rates and not effective rates or yields. 
 Section 3.2.5 Reserved. 
 Section 3.3 Fees. The Borrowers
shall pay the fees set forth below. All such fees shall be non-refundable. 
 Section 3.3.1 Commitment Fee. The
Borrowers shall pay to the Administrative Agent for the account of each Lender, for the period (including any portion thereof when any of its Commitments are suspended by reason of any Borrower’s inability to satisfy any condition of
Article V) commencing on the Effective Date and continuing through the applicable Commitment Termination Date, a commitment fee in an amount equal to the Applicable Commitment Fee Margin, in each case on such Lender’s Percentage of
the sum of the average daily unused portion of the applicable Revolving Commitment Amount (net of Letter of Credit Outstandings). All commitment fees payable pursuant to this Section shall be calculated on a year comprised of 360 days and
payable by the Borrowers in arrears on the Effective Date and thereafter on each Quarterly Payment Date, commencing with the first Quarterly Payment Date following the Effective Date, and on the Revolving Loan Commitment Termination Date. The making
of Swing Line Loans shall not constitute usage of the Revolving Loan Commitment with respect to the calculation of commitment fees to be paid by the Borrowers to the Lenders. 
 Section 3.3.2 Administrative Agent’s Fee. The Borrowers shall pay to the Administrative Agent, for its own account, the fees in the amounts and on the dates set forth in the
Administrative Agent Fee Letter. 
 Section 3.3.3 Letter of Credit Fees. The following fees shall be payable in
connection with Letters of Credit. 
 (a) The Borrowers shall pay to the Administrative Agent, for the pro rata account of the
Issuer and the Revolving Loan Lenders, a Letter of Credit fee in a per annum amount equal to the then effective Applicable Margin for Revolving Loans maintained as LIBO Rate Loans, multiplied by the Stated Amount of each such Letter of Credit, such
fees being payable quarterly in arrears on each Quarterly Payment Date following the date of issuance of each Letter of Credit and on the Revolving Loan Commitment Termination Date. 

(b) The Borrowers shall also pay to the Administrative Agent for the account of the Issuer, quarterly in arrears on each Quarterly Payment
Date following the date of issuance of each Letter of Credit and on the Revolving Loan Commitment Termination Date, an issuance fee in an amount equal to 1/8 of 1% per annum on the Stated Amount of each Letter of Credit. In addition, the
Issuer’s customary administrative, issuance, amendment, payment and negotiation fees shall be payable to the Issuer, for its own account, on the dates and in the amounts from time to time notified to the Borrowers by the Issuer. 

  
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 ARTICLE IV 

CERTAIN LIBO RATE, CANADIAN BA AND OTHER PROVISIONS 
 Section 4.1 Fixed Rate Lending Unlawful. If any Lender shall reasonably determine (which determination shall, upon notice thereof to the Borrowers and the Administrative Agent, be conclusive and
binding on the Borrowers) that the introduction of or any change in or in the interpretation of any law makes it unlawful, or that any Governmental Authority has asserted that it is unlawful, for such Lender to make or continue any Loan as, or to
convert any Loan into, a Fixed Rate Loan, the obligations of such Lender to make, continue or convert any such Fixed Rate Loan shall, upon such determination, forthwith be suspended until such Lender shall notify the Administrative Agent that the
circumstances causing such suspension no longer exist, and all outstanding Fixed Rate Loans payable to such Lender shall automatically convert into Floating Rate Loans at the end of the then current Interest Periods with respect thereto or sooner,
if required by such law or assertion. 
 Section 4.2 Deposits Unavailable; Circumstances making Canadian BAs
Unavailable. 
 (a) If the Administrative Agent shall have determined that (i) deposits in the amount and for the
relevant Interest Period are not available to it in its relevant market or (ii) by reason of circumstances affecting its relevant market, adequate means do not exist for ascertaining the interest rate applicable hereunder to LIBO Rate Loans,
then, upon notice from the Administrative Agent to the Borrowers and the applicable Lenders, the obligations of all such Lenders under Section 2.3 and Section 2.4 to make or continue any Loans as, or to convert any Loans
into, LIBO Rate Loans shall forthwith be suspended until the Administrative Agent shall notify the Borrowers and the applicable Lenders that the circumstances causing such suspension no longer exist. 

(b) If the Administrative Agent shall have determined in good faith that by reason of circumstances affecting the Canadian money market,
there is no market for Canadian BAs, then, upon notice to the Borrowers and the applicable Lenders, the right of the Canadian Borrower to request the acceptance of Canadian BAs and the acceptance thereof shall be suspended until the Administrative
Agent shall notify the Borrowers and the applicable Lenders that it has determined that the circumstances causing such suspension no longer exist. 
 Section 4.3 Increased Loan Costs, etc. The Borrowers agree to reimburse each Secured Party for any increase in the cost to such Secured Party of, or any reduction in the amount of any sum
receivable by such Secured Party in respect of, such Secured Party’s Commitments and the making of Credit Extensions hereunder (including the making, continuing or maintaining (or of its obligation to make or continue) any Loans as, or of
converting (or of its obligation to convert) any Loans into, Fixed Rate Loans) that arise in connection with any change in, or the introduction, adoption, effectiveness, interpretation, reinterpretation or phase-in after the Closing Date of, any law
or regulation, directive, guideline, decision or request (whether or not having the force of law) of any Governmental Authority, except for such changes by way of imposition or increase in reserve requirement included in the LIBOR Reserve Percentage
and changes with respect to (a) increased capital costs and (b) Taxes that are (i) imposed on or with 

  
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respect to payments by or on account of any obligation of a Borrower under a Loan Document, (ii) Connection Income Taxes or (iii) Other Taxes. Each affected Secured Party shall
promptly notify the Administrative Agent and the Borrowers in writing of the occurrence of any such event, stating the reasons therefor and the additional amount required fully to compensate such Secured Party for such increased cost or reduced
amount. Such additional amounts shall be payable by the Borrowers directly to such Secured Party within five days of its receipt of such notice, and such notice shall, in the absence of manifest error, be conclusive and binding on the Borrowers.

 Section 4.4 Funding Losses. In the event any Lender shall incur any loss or expense (including any loss or expense
incurred by reason of the liquidation or reemployment of deposits or other funds acquired by such Lender to make or continue any portion of the principal amount of any Loan as, or to convert any portion of the principal amount of any Loan into, a
Fixed Rate Loan) as a result of 
 (a) any conversion or repayment or prepayment of the principal amount of
any Fixed Rate Loan on a date other than the scheduled last day of the Interest Period applicable thereto, whether pursuant to Article III or otherwise; 

(b) any Loans not being made as Fixed Rate Loans in accordance with the Borrowing Request therefor; or 

(c) any Loans not being continued as, or converted into, Fixed Rate Loans in accordance with the Continuation/Conversion
Notice therefor; 
 then, upon the written notice of such Lender to the Borrowers (with a copy to each Administrative Agent), the Borrowers
shall, within five days of its receipt thereof, pay directly to such Lender such amount as will (in the reasonable determination of such Lender) reimburse such Lender for such loss or expense. Such written notice shall, in the absence of manifest
error, be conclusive and binding on the Borrowers. 
 Section 4.5 Increased Capital Costs. If any change in, or the
introduction, adoption, effectiveness, interpretation, reinterpretation or phase-in of, any law or regulation, directive, guideline, decision or request (whether or not having the force of law) of any Governmental Authority affects or would affect
the amount of capital required or expected to be maintained by any Secured Party or any Person controlling such Secured Party, and such Secured Party determines (in good faith but in its sole and absolute discretion acting reasonably) that the rate
of return on its or such controlling Person’s capital as a consequence of the Commitments or the Credit Extensions made, or the Letters of Credit participated in, by such Secured Party is reduced to a level below that which such Secured Party
or such controlling Person could have achieved but for the occurrence of any such circumstance, then upon notice from time to time by such Secured Party to the Borrowers, the Borrowers shall within five days following receipt of such notice pay
directly to such Secured Party additional amounts sufficient to compensate such Secured Party or such controlling Person for such reduction in rate of return. A statement of such Secured Party as to any such additional amount or amounts shall, in
the absence of manifest error, be conclusive and binding on the Borrowers. In determining such amount, such Secured Party may use any method of averaging and attribution that it (in its sole and absolute discretion acting reasonably) shall deem
applicable. Notwithstanding anything to the contrary in this Section, the Borrowers shall not be required to compensate a Lender for any 

  
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amounts pursuant to this Section if the Lender makes a claim for such amounts later than the 120th day following the receipt of such Lender’s annual audit for the Fiscal Year in
which the event giving rise to such claim and such amounts occurred; provided that, if the event giving rise to such claim has a retroactive effect, such 120 day period shall be extended to include the period of such retroactive effect.

 Section 4.6 Taxes. Each Borrower covenants and agrees as follows with respect to Taxes. 

(a) Except to the extent required by applicable law, any and all payments by or on account of such Borrower under each Loan Document shall
be made without setoff, counterclaim or other defense, and free and clear of, and without deduction or withholding for or on account of, any Taxes. In the event that any Taxes are imposed and required by applicable law to be deducted or withheld
from any payment by the applicable withholding agent (as determined in the good faith discretion of such withholding agent), then: 
 (i) subject to clause (g), if such Taxes are Non-Excluded Taxes, the amount of such payment by such Borrower shall be increased as may be necessary so that the applicable recipient receives,
after withholding or deduction for or on account of such Non-Excluded Taxes (including withholding or deduction applicable to additional sums payable under this Section 4.6), an amount that is not less than the amount the recipient would
have received had no such withholding or deduction of Non-Excluded Taxes been made; and 
 (ii) the applicable
withholding agent shall withhold the full amount of such Taxes from such payment (as increased pursuant to clause (a)(i)) and shall pay such amount to the Governmental Authority imposing such Taxes in accordance with applicable law.

 (b) In addition, the Borrowers shall pay all Other Taxes imposed to the relevant Governmental Authority imposing such Other
Taxes in accordance with applicable law. 
 (c) As promptly as practicable after the payment of any Taxes or Other Taxes
described in this Section 4.6 by a Borrower, such Borrower shall furnish to the Administrative Agent a copy of an official receipt (or a certified copy thereof) evidencing the payment of such Taxes or Other Taxes, a copy of the return
reporting such payment or other evidence of such payment reasonably satisfactory to the Administrative Agent. The Administrative Agent shall make copies thereof available to any Lender upon request therefor. 

(d) Subject to clause (g), the Borrowers shall indemnify each Secured Party for any Non-Excluded Taxes and Other Taxes levied,
imposed or assessed on (and whether or not paid directly by) such Secured Party whether or not such Non-Excluded Taxes or Other Taxes are correctly or legally asserted by the relevant Governmental Authority. Promptly upon having knowledge that any
such Non-Excluded Taxes or Other Taxes have been levied, imposed or assessed, and promptly upon written notice thereof by any Secured Party, the Borrowers shall pay such Non-Excluded Taxes or Other Taxes directly to the relevant Governmental
Authority (provided that, no Secured Party shall be under any obligation to provide any such notice to the 

  
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Borrowers). In addition, the Borrowers shall indemnify each Secured Party for any interest or penalties with respect to Taxes that may become payable by such Secured Party directly as a result of
any failure of any Borrower to pay any Taxes payable by it when due to the appropriate Governmental Authority or to deliver to the Administrative Agent, pursuant to clause (c), documentation evidencing the payment of Taxes or Other
Taxes; provided that, if a Secured Party or an Administrative Agent, as applicable, fails to give notice to a Borrower of the imposition of any Taxes within 120 days following its receipt of actual written notice of the imposition of such
Taxes, there will be no obligation for any Borrower to pay interest or penalties attributable to the period beginning after such 120th day and ending 7 days after any Borrower receives notice from such Secured Party or such Administrative Agent, as
applicable. With respect to indemnification for Non-Excluded Taxes and Other Taxes actually paid by any Secured Party or the indemnification in the immediately preceding sentence, such indemnification shall be made within 30 days after the date such
Secured Party makes written demand therefor. For the avoidance of doubt, each Borrower acknowledges that any payment made to any Secured Party or to any Governmental Authority in respect of the indemnification obligations of such Borrower provided
in this clause shall constitute a payment in respect of which the provisions of clause (a) and this clause shall apply. 
 (e) Intentionally Omitted 
 (f) (i) Any Secured Party that is entitled to an
exemption from or reduction of withholding Tax with respect to payments made under any Loan Document shall deliver to the Borrowers and the Administrative Agent, at the time or times reasonably requested by the Borrowers or the Administrative Agent,
such properly completed and executed documentation reasonably requested by the Borrowers or the Administrative Agent as will permit such payments to be made without withholding or at a reduced rate of withholding. Notwithstanding anything to the
contrary in the preceding sentence, the completion, execution and submission of such documentation (other than such documentation set forth in Section 4.6(f)(ii), (iv) and (v) below) shall not be required if in
the Secured Party’s reasonable judgment such completion, execution or submission would subject such Secured Party to any material unreimbursed cost or expense or would materially prejudice the legal or commercial position of such Secured Party.

 (ii) Without limiting the generality of Section 4.6(f)(i) hereof, each Non-U.S. Secured Party, on
or prior to the date on which such Non-U.S. Secured Party becomes a Secured Party (and from time to time thereafter upon the reasonable request of the Borrowers or the Administrative Agent, but only for so long as such Non-U.S. Secured Party is
legally entitled to do so), shall, to the extent it is legally entitled to do so, deliver to the Borrowers and the Administrative Agent whichever of the following is appropriate (w) in the case of a Non-U.S. Secured Party claiming the benefits
of an income tax treaty to which the United States is a party (I) with respect to payments of interest under any Loan Document, two executed originals of IRS Form W-8BEN establishing an exemption from, or reduction of, U.S. federal withholding
Tax pursuant to the “interest” article of such tax treaty and (II) with respect to any other applicable payments under any Loan Document, two executed originals of IRS Form W-8BEN 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; (x) two executed originals of Internal Revenue Service Form W-8ECI; (y) in the case of a Non-U.S.

  
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Secured Party claiming benefits of Section 881(c) of the Code (I) a certificate to the effect that such Non-U.S. Secured Party is not (A) a “bank” within the meaning
of Section 881(c)(3)(A) of the Code, (B) a “10 percent shareholder” of the Borrowers within the meaning of Section 881(c)(3)(B) of the Code, or (C) a controlled foreign corporation receiving interest from a related
person within the meaning of Section 881(c)(3)(C) of the Code (referred to as an “Exemption Certificate”) and (II) two duly completed executed originals of Internal Revenue Service Form W-8BEN or applicable successor form; or
(z) to the extent a Non-U.S. Secured Party is not the beneficial owner, two executed originals of IRS Form W-8IMY, accompanied by two executed originals of IRS Form W-8ECI, IRS Form W-8BEN, IRS Form W-8IMY, an Exemption Certificate, IRS Form
W-9, and/or such other certification documents from each beneficial owner, as applicable ; provided that, with respect to the obligation to provide an Exemption Certificate, if the Non-U.S. Secured Party is a partnership and one or more direct or
indirect partners of such Non-U.S. Secured Party are claiming the portfolio interest exemption, such Non-U.S. Secured Party may provide an Exemption Certificate on behalf of each such direct and indirect partner. 

(iii) Any Non-U.S. Secured Party shall, to the extent it is legally entitled to do so, deliver to the Borrowers 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 Non-U.S. Secured Party becomes a party under this Agreement (and from time to time thereafter upon the reasonable request of
a Borrower or the Administrative Agent), executed originals of any other form prescribed by applicable law as a basis for claiming exemption from or a reduction in U.S. federal withholding Tax, duly completed, together with such supplementary
documentation as may be prescribed by applicable law to permit a Borrower or the Administrative Agent to determine the withholding or deduction required to be made. 

(iv) Any Secured Party that is not a Non-U.S. Secured Party shall deliver to the Borrowers and the Administrative Agent on
or prior to the date on which such Secured Party becomes a Secured Party under this Agreement (and from time to time thereafter as prescribed by applicable law or upon the request of any Borrower or the Administrative Agent), two duly executed and
properly completed originals of Internal Revenue Service Form W-9. 
 (v) If a payment made to a Secured Party
under any Loan Document would be subject to U.S. federal withholding Tax imposed by FATCA if such Secured Party 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 Secured Party shall deliver to the Borrowers and the Administrative Agent at the time or times prescribed by law and at such time or times reasonably requested by the Borrowers or the Administrative Agent such
documentation prescribed by applicable law (including as prescribed by Section 1471(b)(3)(C)(i) of the Code) and such additional documentation reasonably requested by the Borrowers or the Administrative Agent as may be necessary for the
Borrowers and the Administrative Agent to comply with their obligations under FATCA and to determine that such Secured Party has complied with such Secured Party’s obligations under FATCA or to determine the amount to deduct and withhold from
such payment. Solely for purposes of this clause (v), “FATCA” shall include any amendments made to FATCA after the date of this Agreement. 

  
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 (vi) Each Secured Party agrees that if any form or certification it
previously delivered pursuant to this Section 4.6(f) expires or becomes obsolete or inaccurate in any respect, it shall update such form or certification or promptly notify the Borrowers and the Administrative Agent in writing of its
legal inability to do so. 
 (g) No Borrower shall be obligated to pay any additional amounts to any Secured Party pursuant to
clause (a)(i), or to indemnify any Secured Party pursuant to clause (d), in respect of withholding Taxes to the extent imposed as a result of (i) the failure of such Secured Party to deliver to the applicable Borrower
the documentation, form or forms and/or an Exemption Certificate, required to be delivered by such Secured Party, pursuant to clause (f), (ii) the failure for any reason (except as provided below in this Section 4.6(g))
of such Secured Party to provide the Borrower and the Administrative Agent with a form or forms and/or Exemption Certificate establishing a complete exemption from U.S. federal withholding tax (including U.S. federal back-up withholding taxes) or
the information or certifications in such form or forms and/or Exemption Certificate being untrue or inaccurate on the date delivered in any material respect, or (iii) such Secured Party that is a Lender designating a successor lending office
at which it maintains its Loans (including with respect to causing one of its foreign branches or Affiliates (or an international banking facility created by such Lender) to make or maintain any LIBO Rate Loan as provided in Section 2.5
hereof) which has the effect of causing such Lender to become subjected to withholding Taxes in excess of those to which it was subject immediately prior to such designation; provided that, the Borrowers shall be obligated to pay additional
amounts to any such Secured Party pursuant to clause (a)(i), and to indemnify any such Secured Party pursuant to clause (d), in respect of withholding Taxes to the extent that (w) any such failure to deliver the
documentation, form or forms or an Exemption Certificate or any failure of such form or forms or Exemption Certificate to establish a complete exemption from withholding tax (including U.S. federal back-up withholding taxes) or any inaccuracy or
untruth contained therein, as applicable, resulted from a change in any applicable statute, treaty, regulation or other applicable law or any governmental or judicial interpretation of any of the foregoing occurring after the date such Secured Party
becomes a party to this Agreement (or, in the event that an assignment of a position of a Loan is made pursuant to Section 12.10.2 to a Person who is already a Secured Party under this Agreement, then, with respect to such position of
the Loan, the date of such assignment), which change rendered such Secured Party no longer legally entitled to deliver such documentation, form or forms or Exemption Certificate or otherwise ineligible for a complete exemption from withholding tax
(including U.S. federal back-up withholding taxes), or rendered the information or certifications made in such form or forms or Exemption Certificate untrue or inaccurate in a material respect, as applicable, (x) amounts with respect to such
withholding Taxes were payable to such Secured Party’s assignor immediately before the Secured Party became a party to this Agreement or acquired the applicable interest in a Loan or Commitment (except to the extent that such withholding Taxes
would have been reduced or eliminated had the assignee Secured Party complied with its obligations under this Agreement), (y) the redesignation of the Lender’s lending office was made at the written request of any Borrower or (z) the
obligation to pay any additional amounts to any such Secured Party pursuant to clause (a)(i) or to indemnify any such Secured Party pursuant to clause (d) is with respect to an Assignee Lender that becomes an Assignee Lender
as a result of an assignment made at the written request of any Borrower. 

  
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 (h) In the event that any Secured Party receives a refund in respect of Taxes or Other Taxes
as to which it has been paid additional amounts by the Borrowers pursuant to clause (a) or indemnified by the Borrowers pursuant to clause (d) and such Secured Party determines in its sole, good faith judgment that such
refund is attributable to such additional amounts or indemnification, then such Secured Party shall promptly notify the Administrative Agent and the Borrowers and shall within 30 Business Days remit to the Borrowers an amount as such Secured Party
determines to be the proportion of the refunded amount as will leave it, after such remittance, in no better or worse position than it would have been if the Taxes or Other Taxes had not been imposed and the corresponding additional amounts or
indemnification payment not been made. No Secured Party shall be obligated to disclose information regarding its tax affairs or computations to the Borrowers in connection with this clause (i) or any other provision of this
Section 4.6. 
 Section 4.7 Payments, Computations; Proceeds of Collateral, etc. (a) Unless otherwise
expressly provided in a Loan Document, all payments by the Borrowers pursuant to each Loan Document shall be made by the Borrowers to the Administrative Agent for the pro rata account of the Secured Parties entitled to receive such payment. In
furtherance of the foregoing, (i) payments of principal, interest and commitment fees with respect to Canadian Revolving Loans made in Canadian Dollars shall be payable in Canadian Dollars to the Administrative Agent and (ii) payments of
principal, interest and, in the case of U.S. Revolving Loans, commitment fees with respect to Term Loans and U.S. Revolving Loans made in U.S. Dollars shall be payable in U.S. Dollars to the Administrative Agent. Except as provided herein, all
payments shall be made without setoff, deduction or counterclaim not later than 12:00 p.m., New York time, on the date due in same day or immediately available funds to such account as the Administrative Agent shall specify from time to time by
notice to the Borrowers. Funds received after that time shall be deemed to have been received by the Administrative Agent on the next succeeding Business Day. The Administrative Agent shall promptly remit in same day funds to each Secured Party its
share, if any, of such payments received by the Administrative Agent for the account of such Secured Party. All interest (including interest on LIBO Rate Loans) and fees shall, subject to Section 3.2.4, be computed on the basis of the actual
number of days (including the first day but excluding the last day) occurring during the period for which such interest or fee is payable over a year comprised of 360 days (or, in the case of interest on a Floating Rate Loan (calculated at other
than the Federal Funds Rate), 365 days or, if appropriate, 366 days). Payments due on other than a Business Day shall (except as otherwise required by clause (c) of the definition of “Interest Period”) be made on the next succeeding
Business Day and such extension of time shall be included in computing interest and fees in connection with that payment. 

(b) All amounts received as a result of the exercise of remedies under the Loan Documents (including from the proceeds of collateral
securing the Obligations) or under applicable law shall be applied upon receipt to the Obligations as follows: (i) first, to the ratable payment of all Obligations owing to the Administrative Agent and the Collateral Agent, in their
respective capacities as the Administrative Agent and the Collateral Agent (including the reasonable fees and expenses of counsel to the Administrative Agent and the Collateral Agent), 

  
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(ii) second, after payment in full in cash of the amounts specified in clause (b)(i), to the ratable payment of all interest (including interest accruing after the commencement
of a proceeding in bankruptcy, insolvency or similar law, whether or not permitted as a claim under such law) and fees owing under the Loan Documents, and all costs and expenses owing to the Secured Parties pursuant to the terms of the Loan
Documents, until paid in full in cash, (iii) third, after payment in full in cash of the amounts specified in clauses (b)(i) and (b)(ii), to the ratable payment of the principal amount of the Loans then outstanding,
the aggregate Reimbursement Obligations then owing, the amounts necessary to Cash Collateralize the contingent liabilities under Letter of Credit Outstandings, Canadian BAs, and to amounts owing to Secured Parties under Rate Protection Agreements
(to the extent not constituting Excluded Swap Obligations) and Cash Management Agreements, (iv) fourth, after payment in full in cash of the amounts specified in clauses (b)(i) through (b)(iii), to the ratable payment
of all other Obligations owing to the Secured Parties (to the extent not constituting Excluded Swap Obligations), and (v) fifth, after payment in full in cash of the amounts specified in clauses (b)(i) through (b)(iv),
and following the Termination Date, to each applicable Obligor or any other Person lawfully entitled to receive such surplus. For purposes of clause (b)(iii), the “credit exposure” at any time of any Secured Party with respect
to a Rate Protection Agreement to which such Secured Party is a party shall be determined at such time in accordance with the customary methods of calculating credit exposure under similar arrangements by the counterparty to such arrangements,
taking into account potential interest rate (or, if applicable, currency) movements and the respective termination provisions and notional principal amount and term of such Rate Protection Agreement. 

(c) The Borrowers acknowledge that the Lenders have agreed to the amount of the Applicable Margin and fees payable under the Loan
Documents based upon, among other things, the delivery by the Obligors pursuant to Section 7.1.1 of accurate and actual reporting of results of operation, and that the financial covenant ratios set forth in a Compliance Certificate shall
only be treated by the Secured Parties as presumptive evidence of such actual results. If the actual Leverage Ratio for any period is higher than that set forth in a Compliance Certificate for such period, then the amount of interest and fees owing
for such period shall be established by reference to the actual Leverage Ratio, and not the ratio set forth in the Compliance Certificate. Promptly, and in any event within three days, following the earlier of (i) any Borrower’s receipt of
a notice from the Administrative Agent pursuant to this clause or (ii) any Borrower’s knowledge that the Leverage Ratio for a particular period was higher than that reported in the Compliance Certificate for such period, the Borrowers
shall pay to the Administrative Agent all unpaid interest and fees for such period based upon the actual Leverage Ratio. In no event shall the Lenders be required to rebate interest or fees paid by any Borrower, and the payment of incremental
interest and fees pursuant to this clause shall not impair (and is without limitation of) the other rights and remedies of the Secured Parties under the Loan Documents. 
 Section 4.8 Sharing of Payments. If any Secured Party shall obtain any payment or other recovery (whether voluntary, involuntary, by application of setoff or otherwise) on account of any Credit
Extension or Reimbursement Obligation (other than pursuant to the terms of Sections 4.3, 4.4, 4.5 or 4.6) in excess of its pro rata share of payments obtained by all Secured Parties, such Secured Party shall purchase from the other Secured
Parties such participations in Credit Extensions made by them as shall be necessary to cause such purchasing Secured Party to share the excess payment or other recovery ratably (to the extent such other 

  
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Secured Parties were entitled to receive a portion of such payment or recovery) with each of them; provided that, if all or any portion of the excess payment or other recovery is thereafter
recovered from such purchasing Secured Party, the purchase shall be rescinded and each Secured Party which has sold a participation to the purchasing Secured Party shall repay to the purchasing Secured Party the purchase price to the ratable extent
of such recovery together with an amount equal to such selling Secured Party’s ratable share (according to the proportion of (a) the amount of such selling Secured Party’s required repayment to the purchasing Secured Party to
(b) total amount so recovered from the purchasing Secured Party) of any interest or other amount paid or payable by the purchasing Secured Party in respect of the total amount so recovered. The Borrowers agree that any Secured Party purchasing
a participation from another Secured Party pursuant to this Section may, to the fullest extent permitted by law, exercise all its rights of payment (including pursuant to Section 4.9) with respect to such participation as fully as if such
Secured Party were the direct creditor of the Borrowers in the amount of such participation, subject, solely with respect to Participants, to clause (d) of Section 12.10.4. 

Section 4.9 Setoff. Each Secured Party shall, upon the occurrence and during the continuance of any Event of Default, have the
right to appropriate and apply to the payment of the Obligations owing to it (whether or not then due), and (as security for such Obligations) each Borrower hereby grants to each Secured Party a continuing security interest in, any and all balances,
credits, deposits, accounts or moneys of such Borrower then or thereafter maintained with such Secured Party; provided that any such appropriation and application shall be subject to the provisions of Section 4.8. Each Secured Party agrees
promptly to notify the Borrowers and each Administrative Agent after any such appropriation and application made by such Secured Party; provided that the failure to give such notice shall not affect the validity of such setoff and application. The
rights of each Secured Party under this Section are in addition to other rights and remedies (including other rights of setoff under applicable law or otherwise) which such Secured Party may have. 

Section 4.10 Mitigation. Each Lender agrees that if it makes any demand for payment under Sections 4.3, 4.5 or 4.6, it will
use reasonable efforts (consistent with its internal policy and legal and regulatory restrictions and so long as such efforts would not be disadvantageous to it, as determined in its sole discretion) to designate a different lending office if in the
reasonable judgment of the Lender the making of such a designation would reduce or obviate the need for the Borrowers to make payments under Section 4.3, 4.5 or 4.6. 
 Section 4.11 Removal of Lenders. If any Lender (an “Affected Lender”) (i) fails to consent to an election, consent, amendment, waiver or other modification to this Agreement or
other Loan Document (a “Non-Consenting Lender”) that requires the consent of a greater percentage of the Lenders than the Required Lenders and such election, consent, amendment, waiver or other modification is otherwise consented to by
Lenders holding more than 50% of the Total Exposure Amount of all Lenders whose consent would be required, (ii) makes a demand upon any Borrower for (or if any Borrower is otherwise required to pay) amounts pursuant to Section 4.3, 4.5 or
4.6, or (iii) becomes a Defaulting Lender, the Borrowers may, at their sole cost and expense, give notice (a “Replacement Notice”) in writing to the Administrative Agent and such Affected Lender of its intention to cause such Affected
Lender to sell all or any portion of its Loans, Commitments and/or Notes to another financial institution or other Person (a “Non-Affected Replacement Lender”) designated in such Replacement Notice; 

  
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provided that no Replacement Notice may be given by the Borrowers if (A) such replacement conflicts with any applicable law or regulation or (B) prior to any such replacement, such
Lender shall have taken any necessary action under Section 4.5 or 4.6 (if applicable) so as to eliminate the continued need for payment of amounts owing pursuant to Section 4.5 or 4.6 and withdrawn its request for compensation under
Section 4.3, 4.5 or 4.6. If the Administrative Agent and each Issuer, in the case of a Non-Affected Replacement Lender with a Revolving Loan Commitment, shall, in the exercise of its reasonable discretion (in each case to the extent that the
Administrative Agent’s or Issuer’s consent would be required for an assignment to such Lender under Section 12.10) and within 30 days of its receipt of such Replacement Notice, notify the Borrowers and such Affected Lender in writing
that the Non-Affected Replacement Lender is reasonably satisfactory to such Administrative Agent, then such Affected Lender shall, subject to the payment of any amounts due pursuant to Section 4.4, assign, in accordance with
Section 12.10.2(d), the portion of its Commitments, Loans, Notes (if any) and other rights and obligations under this Agreement and all other Loan Documents (including Reimbursement Obligations, if applicable) designated in the Replacement
Notice to such Non-Affected Replacement Lender; provided that (A) such assignment shall be without recourse, representation or warranty and shall be on terms and conditions reasonably satisfactory to such Affected Lender and such Non-Affected
Replacement Lender, and (B) the purchase price paid by such Non-Affected Replacement Lender shall be in the amount of such Affected Lender’s Loans designated in the Replacement Notice and/or its Percentage of outstanding Reimbursement
Obligations, as applicable, together with all accrued and unpaid interest and fees in respect thereof, plus all other amounts (including the amounts demanded and unreimbursed under Sections 4.3, 4.5 and 4.6), owing to such Affected Lender
hereunder. Upon the effective date of an assignment described above, the Non-Affected Replacement Lender shall become a “Lender” for all purposes under the Loan Documents. Each Lender hereby grants to the Administrative Agent an
irrevocable power of attorney (which power is coupled with an interest) to execute and deliver, on behalf of such Lender as assignor, any assignment agreement necessary to effectuate any assignment of such Lender’s interests hereunder in the
circumstances contemplated by this Section. 
 ARTICLE V 

CONDITIONS TO CREDIT EXTENSIONS 
 Section 5.1 Initial Credit Extension. The obligations of the Lenders and, if applicable, the Issuer to make the initial Credit Extension shall be subject to the prior or concurrent satisfaction of
each of the conditions precedent set forth in this Article. 
 Section 5.1.1 Resolutions, etc. The
Administrative Agent shall have received from each Obligor, as applicable, (i) a copy of a good standing certificate, dated a date reasonably close to the Closing Date, for each such Person and (ii) a certificate, dated as of the Closing
Date with counterparts for each Lender, duly executed and delivered by such Person’s Secretary or Assistant Secretary, managing member or general partner, as applicable, as to 

(a) resolutions of each such Person’s Board of Directors then in full force and effect authorizing, to the extent
relevant, the execution, delivery and performance of each Loan Document to be executed by such Person and the transactions contemplated hereby and thereby; 

  
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 (b) the incumbency and signatures of those of its officers, managing member
or general partner, as applicable, authorized to act with respect to each Loan Document to be executed by such Person; and 
 (c) the full force and validity of each Organic Document of such Person and copies thereof; 
 upon
which certificates each Secured Party may conclusively rely until it shall have received a further certificate of the Secretary, Assistant Secretary, managing member or general partner, as applicable, of any such Person canceling or amending the
prior certificate of such Person. 
 Section 5.1.2 Closing Date Certificate. The Administrative Agent shall have
received the Closing Date Certificate, dated as of the Closing Date and duly executed and delivered by an Authorized Officer of the Parent, in which certificate the Parent shall agree and acknowledge that the statements made therein shall be deemed
to be true and correct representations and warranties of the Parent as of such date, and, at the time each such certificate is delivered, such statements shall in fact be true and correct. All documents and agreements required to be appended to the
Closing Date Certificate shall be in form and substance reasonably satisfactory to the Administrative Agent, shall have been executed and delivered by the requisite parties, and shall be in full force and effect. 

Section 5.1.3 Reserved. 
 Section 5.1.4 Payment of Outstanding Indebtedness, etc. All Indebtedness identified in Item 7.2.2(b) of the Disclosure Schedule (including, without limitation, all
Indebtedness under the Existing Credit Agreements), together with all interest, all prepayment premiums and other amounts due and payable with respect thereto, shall have been paid in full from the proceeds of the initial Credit Extension and the
commitments in respect of such Indebtedness shall have been terminated, and all Liens securing payment of any such Indebtedness shall have been released; provided that, to the extent the only requirement to release any such Liens is the
filing of the termination statements, discharge statements or other instruments which have been delivered and are in form and substance suitable for filing, in each case pursuant to clause (c) of Section 5.1.12, the release
of such Liens shall not be a condition precedent to the initial Credit Extensions so long as the Administrative Agent have received such termination statements, discharge statements or other instruments. 

Section 5.1.5 Delivery of Notes. The Administrative Agent shall have received, for the account of each Lender that has
requested a Note, such Lender’s Notes duly executed and delivered by an Authorized Officer of the applicable Borrower. 

Section 5.1.6 Reserved. 
 Section 5.1.7 Reserved. 

  
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 Section 5.1.8 Compliance Certificate. The Administrative Agent shall have
received an initial Compliance Certificate, in form reasonably satisfactory to the Administrative Agent, dated the date of the initial Credit Extension and duly executed and delivered by the chief financial or accounting Authorized Officer of the
Parent. 
 Section 5.1.9 Solvency, etc. The Administrative Agent shall have received, with counterparts for each
Lender, a solvency certificate duly executed and delivered by the chief financial or accounting Authorized Officer of the Parent, dated as of the Closing Date, in form and substance satisfactory to the Administrative Agent, attesting to the solvency
of the Parent and each Guarantor, taken as a whole, immediately before and immediately after giving effect to the Credit Extensions provided on the Closing Date. 
 Section 5.1.10 Perfection Certificate. The Administrative Agent shall have received a completed perfection certificate from the Parent (on behalf of itself, and the other Obligors) in form and
substance reasonably satisfactory to the Administrative Agent and duly executed by the chief financial or accounting Authorized Officer of the Parent. 
 Section 5.1.11 Subsidiary Guaranty. The Administrative Agent shall have received, with counterparts for each Lender, the Subsidiary Guaranty, dated as of the date hereof, duly executed and
delivered by an Authorized Officer of each Subsidiary of the Parent, other than CFC Subsidiaries to the extent exempted pursuant to Section 7.1.8 and the Immaterial Subsidiaries. 

Section 5.1.12 Security Agreements. The Administrative Agent shall have received, with counterparts for each Lender, executed
counterparts of the U.S. Pledge and Security Agreement and the Canadian Pledge and Security Agreement, each dated as of the date hereof, duly executed and delivered by each applicable Obligor, together with 

(a) certificates (in the case of Capital Securities that are certificated securities (as defined in the UCC)) evidencing
all of the issued and outstanding Capital Securities owned by each Obligor in its U.S. Subsidiaries and Foreign Subsidiaries directly owned by each Obligor, which certificates in each case shall be accompanied by undated instruments of transfer duly
executed in blank, or, for any Capital Securities that are uncertificated securities (as defined in the UCC), confirmation and evidence satisfactory to the Administrative Agent that the security interest therein has been transferred to and perfected
by the Collateral Agent for the benefit of the Secured Parties in accordance with Articles 8 and 9 of the UCC and all laws otherwise applicable to the perfection of the pledge of such Capital Securities; provided, however, that
(x) no Capital Securities of any CFC Subsidiary (other than a First-Tier CFC Subsidiary) shall be required to be delivered pursuant to this Section 5.1.12 and (y) any certificate evidencing the issued and outstanding Capital
Securities of any First-Tier CFC Subsidiary shall be limited to (i) 65% of the issued and outstanding Voting Securities and (ii) 100% of the issued and outstanding non-voting Capital Securities, in each case of such First-Tier CFC
Subsidiary; and provided further that notwithstanding the foregoing, no actions (such as delivery of share certificates) shall be required to perfect the lien on stock of Immaterial Subsidiaries beyond UCC and PPSA filings against the applicable
parent. 

  
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 (b) Filing Statements suitable in form for naming each Borrower and each
Subsidiary Guarantor, as applicable, as a debtor and the Collateral Agent as the secured party, or other similar instruments or documents to be filed under the UCC or PPSA of all jurisdictions as may be necessary or, in the opinion of the
Administrative Agent, desirable to perfect the first priority security interests of the Collateral Agent pursuant to such Security Agreement; 
 (c) UCC Form UCC-3 termination statements, PPSA discharge statements or other instruments, in each case in form and substance suitable for filing, necessary to render ineffective and release all Liens and
other rights of any Person in any collateral (i) described in any security agreement previously granted by the Parent or any of its Subsidiaries (other than Liens permitted by Section 7.2.3(c) and liens in favor of landlords
permitted under Section 7.2.3(f)), or (ii) securing any of the Indebtedness identified in Item 7.2.2(b) of the Disclosure Schedule, together with such other UCC Form UCC-3 termination statements, PPSA discharge
statements or other instruments as the Administrative Agent may reasonably request from the Parent or any of its Subsidiaries; and 
 (d) certified copies of UCC Requests for Information or Copies (Form UCC-11) or similar PPSA instruments, or a similar search report certified by a party acceptable to the Administrative Agent, dated a
date reasonably near to the Closing Date, listing all effective financing statements which name any Obligor (under its present name and any previous names) as the debtor, together with copies of such financing statements (none of which shall, except
with respect to Liens permitted by Section 7.2.3), evidence a Lien on any collateral described in any Loan Document). 
 Section 5.1.13 Intellectual Property Security Agreements. The Administrative Agent shall have received a Patent Security Agreement, a Copyright Security Agreement and a Trademark Security
Agreement, as applicable, each dated as of the Closing Date, duly executed and delivered by each Obligor that, pursuant to a Security Agreement, is required to provide such intellectual property security agreements to the Administrative Agent.

 Section 5.1.14 Filing Agent, etc. All Uniform Commercial Code and PPSA financing statements or other similar
financing statements and Uniform Commercial Code (Form UCC-3) termination statements and PPSA discharge statements required pursuant to the Loan Documents (collectively, the “Filing Statements”) and described in
clauses (a), (b) and (c) of Section 5.1.12 shall have been delivered (including by way of electronic mail) to Corporation Service Company or another similar filing service company in the U.S. or Canada
acceptable to the Administrative Agent (the “Filing Agent”). The Filing Agent shall have acknowledged in a writing satisfactory to the Administrative Agent and its counsel (i) the Filing Agent’s receipt (including by way
of electronic mail) of all Filing Statements, (ii) that the Filing Statements have either been submitted for filing in the appropriate filing offices or will be submitted for filing in the appropriate offices within ten days following the
Closing Date and (iii) that the Filing Agent will notify the Administrative Agent and its counsel of the results of such submissions within 30 days following the Closing Date. 

  
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 Section 5.1.15 Insurance. The Administrative Agent shall have received, with
copies for each Lender, certified copies of the insurance policies (or binders in respect thereof), from one or more insurance companies satisfactory to the Administrative Agent, evidencing coverage required to be maintained pursuant to each Loan
Document, together with endorsements naming the Collateral Agent for the benefit of the Secured Parties, as an additional insured or loss payee, as applicable. 
 Section 5.1.16 Material Adverse Effect. There shall not have occurred since April 30, 2012 any event or condition that has had or could be reasonably expected, either individually or in
the aggregate, to have a Material Adverse Effect. 
 Section 5.1.17 Intercreditor Agreement. The Administrative
Agent shall have received the Intercreditor Agreement, duly executed and delivered by each party thereto. 
 Section 5.1.18
Opinions of Counsel. The Administrative Agent shall have received opinions, dated the Closing Date and addressed to the Administrative Agent, the Collateral Agent and all Lenders, from 

(a) Osler, Hoskin & Harcourt LLP, New York counsel to any Obligors which are organized under the laws of the
States of Delaware or New York, in form and substance satisfactory to the Administrative Agent; 
 (b) Osler,
Hoskin & Harcourt LLP, Canadian counsel to Mitel Networks Corporation, in form and substance satisfactory to the Administrative Agent; and 
 (c) to the extent qualified in the applicable jurisdiction, in-house counsel to the Obligors with respect to corporate matters, in form and substance satisfactory to the Administrative Agent. 

Section 5.1.19 PATRIOT Act Disclosures. The Arrangers, the Administrative Agent and each Lender shall have received all
Patriot Act Disclosures requested by them with respect to the Borrowers prior to execution of this Agreement. 

Section 5.1.20 Process Agent. The Administrative Agent shall have received a written acceptance by the Process Agent of its
appointment under Section 12.13 hereof and under each similar provision in each other Loan Document. 

Section 5.1.21 Closing Fees, Expenses, etc. The Administrative Agent shall have received or, contemporaneously with the
initial Borrowing, without duplication, shall receive all fees, costs and expenses due and payable pursuant to Sections 3.3 and 12.3 and the Engagement Letter and, without duplication, the Administrative Agent shall have received
or (contemporaneously with the initial Borrowing) shall receive all fees, costs and expenses due and payable pursuant to Sections 3.3 and 12.3 and, without duplication, the Administrative Agent Fee Letter and the Engagement
Letter. Without duplication, the Arrangers shall have received or (contemporaneously with the initial Borrowing) shall receive all fees, costs and expenses payable by the Borrowers under the Engagement Letter. 

  
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 Section 5.2 All Credit Extensions. The obligation of each Lender and each Issuer to
make any Credit Extension shall be subject to the satisfaction of each of the conditions precedent set forth below. 

Section 5.2.1 Compliance with Warranties, No Default, etc. Both before and after giving effect to any Credit Extension the
following statements shall be true and correct: 
 (a) the representations and warranties set forth in each Loan
Document shall be true and correct in all material respects with the same effect as if then made (unless stated to relate solely to an earlier date, in which case such representations and warranties shall have been true and correct in all material
respects as of such earlier date), in each case other than representations and warranties that are subject to a Material Adverse Effect or a materiality qualifier, in which case such representations and warranties shall be (or shall have been) true
and correct; and 
 (b) no Default shall have then occurred and be continuing. 

Section 5.2.2 Credit Extension Request, etc. Subject to Section 2.3.2, the Administrative Agent shall have
received a Borrowing Request if Loans are being requested, or an Issuance Request if a Letter of Credit is being requested or extended. Each of the delivery of a Borrowing Request or Issuance Request and the acceptance by the applicable Borrower of
the proceeds of such Credit Extension shall constitute a representation and warranty by each Borrower that on the date of such Credit Extension (both immediately before and after giving effect to such Credit Extension and the application of the
proceeds thereof) the statements made in Section 5.2.1 are true and correct. 
 Section 5.2.3 Satisfactory
Legal Form. All documents executed or submitted pursuant hereto by or on behalf of any Obligor shall be reasonably satisfactory in form and substance to the Administrative Agent and their counsel. 

ARTICLE VI 
 REPRESENTATIONS AND WARRANTIES 
 On the date of each Credit Extension (other than the
initial Credit Extension) each of the Borrowers represents and warrants to each Lender as set forth in this Article. 

Section 6.1 Organization, etc. Each Obligor is validly organized and existing and in good standing under the laws of the state or
jurisdiction of its incorporation or organization, is duly qualified to do business and is in good standing as a foreign entity in each jurisdiction where the nature of its business requires such qualification, and has full power and authority and
holds all requisite governmental licenses, permits and other approvals to enter into and perform its Obligations under each Loan Document to which it is a party, to own and hold under lease its property and to conduct its business substantially as
currently conducted by it. 

  
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 Section 6.2 Due Authorization, Non-Contravention, etc. The execution, delivery and
performance by each Obligor of each Loan Document executed or to be executed by it are in each case within such Person’s powers, have been duly authorized by all necessary action, and do not 

(a) contravene any (i) Obligor’s Organic Documents, (ii) court decree or order binding on or affecting any
Obligor or (iii) law or governmental regulation binding on or affecting any Obligor; or 
 (b) result in
(i) or require the creation or imposition of, any Lien on any Obligor’s properties (except as permitted by this Agreement) or (ii) a default under any material contractual restriction binding on or affecting any Obligor. 

Section 6.3 Government Approval, Regulation, etc. No authorization or approval or other action by, and no notice to or filing
with, any Governmental Authority or other Person (other than (i) those that have been, or on the Closing Date will be, duly obtained or made and which are, or on the Closing Date will be, in full force and effect and (ii) the filing of the
U.K. Security Agreement with the Companies House, U.K. within 21 days after the execution and delivery of such agreement) is required for the due execution, delivery or performance by any Obligor of any Loan Document to which it is a party in each
case by the parties thereto. None of the Borrowers or any of their Subsidiaries is an “investment company” within the meaning of the Investment Company Act of 1940, as amended. 

Section 6.4 Validity, etc. Each Loan Document to which any Obligor is a party constitutes the legal, valid and binding
obligations of such Obligor, enforceable against such Obligor in accordance with their respective terms (except, in any case, as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization or similar laws affecting
creditors’ rights generally and by principles of equity). 
 Section 6.5 Financial Information. The most
recently publicly available consolidated annual financial statements of the Parent and its Subsidiaries have been prepared in accordance with GAAP consistently applied, and present fairly in all material respects the consolidated financial condition
of the Persons covered thereby as at the dates thereof and the results of their operations for the periods then ended. All balance sheets, all statements of income and of cash flow and all other financial information of each of the Parent and its
Subsidiaries furnished pursuant to Section 7.1.1 have been and will for periods following the Closing Date be prepared in accordance with GAAP consistently applied, and do or will present fairly in all material respects the consolidated
financial condition of the Persons covered thereby as at the dates thereof and the results of their operations for the periods then ended. 
 Section 6.6 No Material Adverse Change. There has not occurred since April 30, 2012 any event or condition that has had or could be reasonably expected, either individually or in the
aggregate, to have a Material Adverse Effect 
 Section 6.7 Litigation, Labor Controversies, etc. There is no
pending or, to the knowledge of the Borrowers or any of their Subsidiaries, threatened, litigation, action, proceeding or labor controversy: 
 (a) except as disclosed in Item 6.7 of the Disclosure Schedule, affecting the Borrowers, any of their Subsidiaries or any other Obligor, or any of their respective properties, businesses,
assets or revenues, which could reasonably be expected to have a Material Adverse Effect; or 

  
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 (b) which purports to affect the legality, validity or enforceability of any
Loan Document. 
 Section 6.8 Subsidiaries; Equity Interests; Obligors. The Borrowers have no Subsidiaries, except those
Subsidiaries which are identified in Item 6.8(a) of the Disclosure Schedule, or which are permitted to have been organized or acquired in accordance with Sections 7.2.5 or 7.2.10. The Borrowers have no equity investments in any other
corporation or entity other than those specifically identified in Item 6.8(b) of the Disclosure Schedules, or which are permitted to have been organized or acquired in accordance with Sections 7.2.5. Set forth in Item 6.8(c) of the
Disclosure Schedule is a complete and accurate list of all Obligors, showing as of the Closing Date (as to each Obligor) the jurisdiction of its incorporation, the address of its principal place of business and chief executive office and its
U.S. taxpayer identification number or, in the case of any non-U.S. Obligor that does not have a U.S. taxpayer identification number, its unique identification number issued to it by the jurisdiction of its incorporation or formation.

 Section 6.9 Ownership of Properties. The Borrowers and each of their Subsidiaries own (i) in the case of owned
real property, good and marketable fee title to, and (ii) in the case of owned personal property, good and valid title to, or, in the case of leased real or personal property, valid and enforceable leasehold interests (as the case may be) in,
all of its properties and assets, tangible and intangible, of any nature whatsoever, free and clear in each case of all Liens or claims, except for Liens permitted pursuant to Section 7.2.3. 

Section 6.10 Taxes. All material Tax returns and reports required by law to have been filed by the Borrowers and their
Subsidiaries have been duly filed, and all material federal, provincial and state income Taxes and other material Taxes, assessments and other governmental charges or levies upon the Borrowers and their Subsidiaries and any of their respective
properties, income, profits and assets which are due and payable have been paid, (except any such Taxes which are being diligently contested in good faith by appropriate proceedings and for which adequate reserves in accordance with GAAP shall have
been set aside on its books). 
 Section 6.11 Pension and Welfare Plans. 

(a) Neither any Borrower nor any member of the Controlled Group has incurred any liability with respect to a U.S. Pension Plan under Title
IV of ERISA other than liability to the PBGC for premiums under Section 4007 of ERISA, all of which have been paid, and no contribution failure has occurred with respect to any U.S. Pension Plan sufficient to give rise to a Lien under
Section 303(k) of ERISA. No conditions exist or events or transactions have occurred or are reasonably expected to occur with respect to any U.S. Pension Plan which might, in the aggregate, result in the incurrence by any Borrower or any member
of the Controlled Group of any liability, fine or penalty which would have a Material Adverse Effect. Except as disclosed in Item 6.11 of the Disclosure Schedule, neither the Borrowers nor any member of the Controlled Group has any
material contingent liability with respect to any post-retirement 

  
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medical or life insurance benefit under a U.S. Welfare Plan, other than liability for continuation coverage described in Part 6 of Title I of ERISA. No reportable event, within the meaning of
Section 4043 of ERISA, has occurred or is reasonably expected to occur with respect to any U.S. Pension Plan unless the 30-day notice requirement with respect to such event has been waived by the PBGC. Neither the Borrower nor any member of the
Controlled Group has filed or reasonably expects to file an application for a minimum funding waiver with respect to a U.S. Pension Plan. There has been no cessation of operations at a facility of any Borrower or a member of the Controlled Group in
the circumstances described in Section 4062(e) of ERISA which would result in any material liability. There has been no determination that any U.S. Pension Plan is in “at risk” status (within the meaning of Section 303 of ERISA).
Neither any Borrower nor any member of the Controlled Group has received notification from the sponsor of a Multiemployer Plan that such Multiemployer Plan is in reorganization (within the meaning of Section 4241 of ERISA), insolvent (within
the meaning of Section 4245 of ERISA or has been determined to be in “endangered or “critical” status within the meaning of Section 432 of the Code or Section 305 of ERISA. Neither any Borrower nor any member of the
Controlled Group 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 Section 4201 or 4243 of ERISA with
respect to a Multiemployer Plan which could reasonably be expected to have a Material Adverse Effect. 
 (b) No steps have been
taken to terminate any Canadian Pension Plan, and no contribution failure has occurred with respect to any Canadian Pension Plan. To the knowledge of the Parent and any Canadian Subsidiary, no condition exists or event or transaction has occurred
with respect to any Canadian Pension Plan which might result in the incurrence by the Parent or any of its Subsidiaries of any material liability, fine or penalty. Except as disclosed in Item 6.11(b) of the Disclosure Schedule, neither
Parent nor any of its Subsidiaries has any contingent liability with respect to any benefit under a Canadian Pension Plan or Canadian Welfare Plan which could reasonably be expected to have a Material Adverse Effect. 

Section 6.12 Environmental Warranties. Except as set forth in Item 6.12 of the Disclosure Schedule: 

(a) all facilities and property (including underlying groundwater) owned, operated or leased by the Parent or any of its
Subsidiaries have been, and continue to be, owned, operated or leased by the Parent and its Subsidiaries in material compliance with all Environmental Laws; 
 (b) there have been no past, and there are no pending or threatened (i) claims, complaints, notices or requests for information received by the Parent or any of its Subsidiaries with respect to any
alleged violation of any Environmental Law, or (ii) complaints, notices or inquiries to the Parent or any of its Subsidiaries regarding potential liability under any Environmental Law or relating in any way to Hazardous Material; 

(c) there have been no Releases of Hazardous Materials at, on or under any property now or previously owned, operated or
leased by the Parent or any of its Subsidiaries that have, or could reasonably be expected to result in a material liability; 

  
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 (d) the Parent and its Subsidiaries have been issued and are in material
compliance with all permits, certificates, approvals, licenses and other authorizations relating to environmental matters; 
 (e) no property now or previously owned, operated or leased by the Parent or any of its Subsidiaries is listed or proposed for listing (with respect to owned property only) on the National Priorities List
pursuant to CERCLA, on the CERCLIS or on any similar list of sites requiring investigation or clean-up; 
 (f)
there are no underground storage tanks, active or abandoned, including petroleum storage tanks, on or under any property now or previously owned, operated or leased by the Parent or any of its Subsidiaries that, singly or in the aggregate, have, or
could reasonably be expected to have a Material Adverse Effect; 
 (g) neither the Parent nor any of its
Subsidiaries has directly transported or directly arranged for the transportation of any Hazardous Material to any location which is listed or proposed for listing on the National Priorities List pursuant to CERCLA, on the CERCLIS or on any similar
state list or which is the subject of federal, state or local enforcement actions or other investigations which may lead to material claims against the Parent or such Subsidiary for any remedial work, damage to natural resources or personal injury,
including claims under CERCLA; 
 (h) there are no polychlorinated biphenyls or friable asbestos present at any
property now or previously owned, operated or leased by the Parent or any of its Subsidiaries that, singly or in the aggregate, have, or could reasonably be expected to have a Material Adverse Effect; and 

(i) no conditions exist at, on or under any property now or previously owned, operated or leased by the Parent or any of
its Subsidiaries which, with the passage of time, or the giving of notice or both, could be reasonably expected to give rise to material liability under any Environmental Law. 
 Section 6.13 Accuracy of Information. None of the factual information heretofore or contemporaneously furnished in writing to any Lender by or on behalf of any Obligor in connection with any Loan
Document or any transaction contemplated hereby contains any untrue statement of a material fact, or omits to state any material fact necessary to make any information not misleading, and no other written factual information hereafter furnished in
writing in connection with any Loan Document by or on behalf of any Obligor to any Lender will contain any untrue statement of a material fact or will omit to state any material fact necessary to make any information not misleading on the date as of
which such information is dated or certified. 
 Section 6.14 Regulations U and X. No Obligor is engaged in the
business of extending credit for the purpose of buying or carrying margin stock, and no proceeds of any Credit Extensions will be used to purchase or carry margin stock or otherwise for a purpose which violates, or would be inconsistent with, F.R.S.
Board Regulation U or Regulation X. Terms for which meanings are provided in F.R.S. Board Regulation U or Regulation X or any regulations substituted therefor, as from time to time in effect, are used in this Section with such meanings.

  
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 Section 6.15 Insurance. The Obligors are insured by financially sound and reputable
insurers and such insurance is in such amounts and covering such risks and liabilities (and with such deductibles, retentions and exclusions) as are in accordance with normal and prudent industry practice. 

Section 6.16 Solvency. The Borrowers and the Guarantors, taken as a whole, on a consolidated basis, both before and after giving
effect to any Credit Extensions, are Solvent. 
 Section 6.17 Security Agreements. Each of the Security Agreements
is effective (and with respect to the deposit accounts in connection with the deposit account control agreements set forth in Item 7.1.11 of the Disclosure Schedule, will be effective upon execution and delivery of such deposit account control
agreements) to create in favor of the Collateral Agent for the benefit (as described herein) of the applicable Secured Parties as security for the Obligations described therein, a legal, valid, binding and enforceable security interest in the
collateral described therein and proceeds thereof. The Lien created by the Security Agreements constitutes (and, in the case of the U.K. Security Agreement will, subject to filing the U.K. Security Agreement with Companies House, U.K. within 21 days
after the execution and delivery of such agreement, constitute) a fully perfected Lien on, and security interest in, all right, title and interest of the applicable Obligor in the collateral described therein, as security for the Obligations
described therein, in each case prior and superior to the rights of any other person except with respect to Liens that are permitted by Section 7.2.3. 
 Section 6.18 Intellectual Property. Each Borrower and each of its Subsidiaries owns, or, to the best of their knowledge, possess the right to use, all of the trademarks, service marks, trade
names, copyrights, patents, patent rights, franchises, licenses and other intellectual property rights (collectively, “IP Rights”) that are reasonably necessary for the operation of their respective businesses. To the best knowledge of the
Borrowers, the operation of their respective businesses does not conflict with, infringe, misappropriate, dilute, misuse or otherwise violate any of the rights of any third party which could result in a material liability to any Obligor or any
Subsidiary of a Borrower. No claim or litigation regarding any of the foregoing is pending or, to the best knowledge of the Borrowers, threatened, which, either individually or in the aggregate, could reasonably be expected to have a Material
Adverse Effect. 
 Section 6.19 Issuance of Subordinated Debt; Status of Obligations as Senior Indebtedness, etc.
Each Borrower and each of its Subsidiaries has the power and authority to incur the Subordinated Debt as provided for under any Subordinated Debt Documents applicable to such Subordinated Debt. To the extent issued, each such issuing Person has
issued, pursuant to due authorization, the Subordinated Debt under the applicable Subordinated Debt Documents, and such Subordinated Debt Documents constitute the legal, valid and binding obligations of such issuing Person enforceable against such
Person in accordance with its terms (except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization or similar laws effecting creditors’ rights generally and by principles of equity). The subordination
provisions of the Subordinated Debt contained in the Subordinated Debt Documents are 

  
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enforceable against the holders of the Subordinated Debt by the holders of any “Senior Indebtedness” or similar term referring to the Obligations in the Subordinated Debt Documents.
All Obligations, including those to pay principal of and interest (including post petition interest, whether or not allowed as a claim under bankruptcy or similar laws) on the Loans and Reimbursement Obligations, and fees and expenses in connection
therewith, constitute “Senior Indebtedness” or similar term referring to the Obligations as provided in the Subordinated Debt Documents and all such Obligations are entitled to the benefits of the subordination created by the Subordinated
Debt Documents. Each Borrower and each of their respective Subsidiaries, as applicable, acknowledges that each Administrative Agent, each Lender and each Issuer is entering into this Agreement and is extending its Commitments in reliance upon the
subordination provisions to be set forth in any Subordinated Debt Documents. 
 Section 6.20 Patriot Act; FCPA;
OFAC. 
 Section 6.20.1 Each Borrower represents that neither it nor any of its Subsidiaries nor, to the knowledge of
such Borrower, any director, officer, employee, agent, affiliate or representative thereof is an individual or entity (a “Covered Person”) currently the subject of any sanctions administered or enforced by the United States
Government, including, without limitation, the U.S. Department of Treasury’s Office of Foreign Assets Control (“OFAC”), the United Nations Security Council (“UNSC”), the European Union, Her Majesty’s
Treasury (“HMT”), or other relevant sanctions authority (collectively, “Sanctions”), nor is any Borrower or any of its Subsidiaries located, organized or resident in a country or territory that is the subject of
Sanctions. 
 Section 6.20.2 Each Borrower represents and covenants that it will not, directly or indirectly, use the
proceeds of the transaction, or lend, contribute or otherwise make available such proceeds to any Subsidiary, joint venture partner or other Covered Person, to fund any activities of or business with any Covered Person, or in any country or
territory, that, at the time of such funding, is the subject of Sanctions, or in any other manner that will result in a violation by any Covered Person (including any Covered Person participating in the transaction, whether as underwriter, advisor,
investor or otherwise) of Sanctions. 
 Section 6.21 Quebec Based Collateral. As of the Closing Date, the fair market
value of the property and assets (real and personal) of the Parent and its Subsidiaries located in Quebec (exclusive of the value of the Capital Securities of the Obligors), as determined in good faith by the Parent, does not exceed $250,000.

 Section 6.22 Casualty, Etc. Neither the businesses nor the properties of any Obligor or any Subsidiary of a Borrower
are affected by any fire, explosion, accident, strike, lockout or other labor dispute, drought, storm, hail, earthquake, embargo, act of God or of the public enemy or other casualty (whether or not covered by insurance) that, either individually or
in the aggregate, could reasonably be expected to have a Material Adverse Effect. 

  
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 ARTICLE VII 

COVENANTS 

Section 7.1 Affirmative Covenants. The Borrowers agree with each Lender, each Issuer and each Administrative Agent that until the
Termination Date has occurred, the Borrowers will, and will cause their Subsidiaries to, perform or cause to be performed the obligations set forth below. 
 Section 7.1.1 Financial Information, Reports, Notices, etc. The Parent will furnish each Lender and each Administrative Agent copies of the following financial statements, reports, notices and
information: 
 (a) within 45 days after the end of each of the first three Fiscal Quarters of each Fiscal Year,
an unaudited consolidated balance sheet of the Parent and its Subsidiaries as of the end of such Fiscal Quarter and consolidated statements of income and cash flow of the Parent and its Subsidiaries for such Fiscal Quarter and for the period
commencing at the end of the previous Fiscal Year and ending with the end of such Fiscal Quarter, and including (in each case), in comparative form the figures for the corresponding Fiscal Quarter in, and year to date portion of, the immediately
preceding Fiscal Year, certified as complete and correct by the chief financial or accounting Authorized Officer of the Parent (subject to normal year-end audit adjustments); 

(b) within 90 days after the end of each Fiscal Year, (i) a copy of the consolidated balance sheet of the Parent and
its Subsidiaries, and the related consolidated statements of income and cash flow of the Parent and its Subsidiaries for such Fiscal Year, setting forth in comparative form the figures for the immediately preceding Fiscal Year, audited (without any
Impermissible Qualification) by independent public accountants acceptable to the Administrative Agent stating that, in performing the examination necessary to deliver the audited consolidated financial statements of the Parent, no knowledge was
obtained of any Event of Default (which certificate may be limited to accounting matters and disclaim responsibility for legal interpretation) and (ii) a management’s discussion and analysis of the financial condition and results of
operations for such Fiscal Year, as compared to the previous Fiscal Year; 
 (c) concurrently with the delivery
of the financial information pursuant to clauses (a) and (b), a Compliance Certificate, executed by the chief financial or accounting Authorized Officer of the Parent, (i) setting forth the calculations for the Leverage Ratio
(including with respect to Section 7.2.4) and stating that no Default has occurred and is continuing (or, if a Default has occurred, specifying the details of such Default and the action that the applicable Obligor has taken or proposes
to take with respect thereto), (ii) stating that no Subsidiary has been formed or acquired since the delivery of the last Compliance Certificate (or, if a Material Subsidiary has been formed or acquired since the delivery of the last Compliance
Certificate, a statement that such Material Subsidiary has complied with Section 7.1.8) and (iii) in the case of a Compliance Certificate delivered concurrently with the financial information pursuant to clause (b), a
calculation of Excess Cash Flow; 

  
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 (d) as soon as possible and in any event within three Business Days after
any Obligor obtains knowledge of the occurrence of a Default, a statement of an Authorized Officer of the Parent setting forth details of such Default and the action which such Obligor has taken and proposes to take with respect thereto; 

(e) as soon as possible and in any event within three days after any Obligor obtains knowledge of (i) the occurrence
of any event which could reasonably be expected to have a Material Adverse Effect, (ii) the occurrence of any material adverse development with respect to any litigation, action, proceeding or labor controversy described in Item 6.7
of the Disclosure Schedule or (iii) the commencement of any litigation, action, proceeding or labor controversy of the type and materiality described in Section 6.7, notice thereof and, to the extent any Administrative Agent
requests, copies of all documentation relating thereto; 
 (f) promptly after the sending or filing thereof,
copies of all reports, notices, prospectuses and registration statements which any Obligor files with the SEC or any national securities exchange; 
 (g) promptly upon becoming aware of (i) the institution of any steps by the PBGC to terminate any (A) U.S. Pension Plan or the filing of a Notice of Intent to Terminate (or the successor notice
thereto) with respect to any U.S. Pension Plan by the Borrower or any member of its Controlled Group or (B) Canadian Pension Plan, (ii) the failure to make a required contribution to any U.S. Pension Plan or Canadian Pension Plan if such
failure is sufficient to give rise to a Lien under Section 303(k) of ERISA or any applicable pension benefits legislation in Canada, (iii) the taking of any action with respect to a U.S. Pension Plan or Canadian Pension Plan which is
likely to result in the requirement that any Borrower or any member of the Controlled Group furnish a bond or other security to the PBGC or such U.S. Pension Plan or Canadian Pension Plan, (iv) the occurrence of a reportable event, within the
meaning of Section 4043 of ERISA with respect to any U.S. Pension Plan, unless the 30-day notice requirement with respect to such event has been waived by the PBGC or (v) the occurrence of any event with respect to any U.S. Pension Plan,
Canadian Pension Plan or Multiemployer Plan which, in the aggregate, could result in a Material Adverse Effect, notice thereof and copies of all documentation relating thereto; 

(h) (i) at the time of each prepayment required under Section 3.1.1, a certificate signed by an Authorized
Officer of each Borrower setting forth in reasonable detail the calculation of the amount of such prepayment and (ii) to the extent practicable, at least three days’ prior written notice of such prepayment specifying the principal amount
of Loans to be prepaid; 
 (i) promptly upon receipt thereof, copies of all “management letters”
submitted to any Obligor by the independent public accountants referred to in clause (b) in connection with each audit made by such accountants; 

  
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 (j) the annual budget within 30 days of such annual budget being approved by
the Parent’s Board of Directors (but in any event not later than 75 days after the end of each Fiscal Year); 
 (k) Promptly following the mailing or receipt of any material notice or material report delivered under the terms of any Second Lien Loan Document (where a similar notice or report was not already
delivered to the Administrative Agent), copies of such notice or report; 
 (l) promptly and in any event within
five Business Days following a reasonable request by any Lender made through the Administrative Agent, all documentation and other information such Lender reasonably requests in order to comply with its ongoing obligations under applicable
“know your customer” and anti-money laundering rules and regulations, including the PATRIOT Act; and 

(m) such other financial and other information as any Lender or the Issuer through the Administrative Agent may from time
to time reasonably request (including information and reports in such detail as the Administrative Agent may request with respect to the terms of and information provided pursuant to the Compliance Certificate). 

(n) The Borrowers hereby acknowledge that (a) the Administrative Agent and/or the Arrangers may, but shall not be
obligated to, make available to the Lenders and the Issuer materials and/or information provided by or on behalf of the Borrower hereunder (collectively, “Borrower Materials”) by posting the Borrower Materials on Debt Domain,
IntraLinks, Syndtrak or another similar electronic system (the “Platform”) and (b) 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 Borrowers 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 Persons’ securities. The Borrowers hereby
agree that (w) 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; (x) by marking Borrower Materials “PUBLIC,” the Borrowers shall be deemed to have authorized the Administrative Agent, the Arrangers, the Issuer and the Lenders to treat such Borrower Materials as not containing
any material non-public information with respect to the Borrowers 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 12.19); (y) all Borrower Materials marked “PUBLIC” are permitted to be made available through a portion of the Platform designated “Public Side Information”; and (z) the
Administrative Agent and the Arranger 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 designated “Public Side Information”. For
certainty, any budgets provided in accordance with this Agreement shall not be PUBLIC documents. 

  
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 Section 7.1.2 Maintenance of Existence; Compliance with Contracts, Laws, etc.
Each Borrower will, and will cause each of its respective Subsidiaries to, preserve and maintain their legal existence (except as otherwise permitted by Section 7.2.10) rights (charter and statutory), franchises, permits, licenses and
approval except for such rights, franchises, permits, licenses and approvals as the Parent may reasonably determine in good faith are no longer necessary or desirable for the conduct of the business of the Parent and its Subsidiaries), perform in
all material respects their obligations under leases, documents related thereto and other material agreements to which each Borrower or a Subsidiary is a party, and comply in all material respects with all applicable laws, rules, regulations and
orders, including the payment (before the same become delinquent) of all Taxes, imposed upon the Borrowers or their Subsidiaries or upon their property except to the extent being diligently contested in good faith by appropriate proceedings and for
which adequate reserves in accordance with GAAP have been set aside on the books of the Borrowers or their Subsidiaries, as applicable. 
 Section 7.1.3 Maintenance of Properties. Each Borrower will, and will cause each of its respective Material Subsidiaries to, maintain, preserve, protect and keep its and their respective
properties in good repair, working order and condition (ordinary wear and tear excepted), and make necessary repairs, renewals and replacements so that the business carried on by such Borrower and its Subsidiaries may be properly conducted at all
times, unless such Borrower or such Subsidiary determines in good faith that the continued maintenance of such property is no longer economically desirable, necessary or useful to the business of such Borrower or any of its Subsidiaries or the
Disposition of such property is otherwise permitted by Sections 7.2.10 or 7.2.11. 
 Section 7.1.4
Insurance. Each Borrower will, and will cause each of its Subsidiaries to maintain: 
 (a) insurance on
its property with financially sound and reputable insurance companies against loss and damage in at least the amounts (and with only those deductibles) customarily maintained, and against such risks as are typically insured against in the same
general area, by Persons of comparable size engaged in the same or similar business as the Borrower and its Subsidiaries; and 
 (b) all worker’s compensation, employer’s liability insurance or similar insurance as may be required under the laws of any state or jurisdiction in which it may be engaged in business.

 Without limiting the foregoing, all insurance policies required pursuant to this Section shall (i) name the
Collateral Agent on behalf of the Secured Parties as mortgagee (in the case of property insurance) or additional insured (in the case of liability insurance), as applicable, and provide that no cancellation or modification of the policies will be
made without thirty days’ prior written notice to the Administrative Agent and (ii) be in addition to any requirements to maintain specific types of insurance contained in the other Loan Documents. 

Section 7.1.5 Books and Records; Quarterly Meetings. 
 (a) Each Borrower will, and will cause each of its Subsidiaries to, keep books and records in accordance with GAAP (or, in the case of the Canadian Borrower and the Foreign Subsidiaries, GAAP or generally
accepted accounting principles applicable in such Person’s 

  
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jurisdiction) which accurately reflect all of its business affairs and transactions and permit each Lender or any of their respective representatives, at reasonable times and intervals (but, so
long as no Default has occurred and is continuing, not to exceed two visits in any Fiscal Year) upon reasonable notice (which, so long as no Default has occurred and is continuing, shall be no less than 48 hours) to such Borrower, to visit each
Obligor’s offices, to discuss such Obligor’s financial matters with its officers and employees, and its independent public accountants (and each Borrower hereby authorizes such independent public accountant to discuss each Obligor’s
financial matters with each Lender or their representatives when any representative of such Obligor is present; provided that, if a representative of such Obligor is not made available after the required notice has been given, no
representative shall be required to be present) and to examine (and photocopy extracts from) any of its books and records. The Borrowers shall pay any fees of such independent public accountant incurred in connection with any Secured Party’s
exercise of its rights pursuant to this Section. 
 (b) The Administrative Agent and the Lenders shall be afforded the right to
participate in the Parent’s quarterly conference calls with its investors; provided that if such call shall not have occurred within 45 days after the close of any of the first three Fiscal Quarters of any Fiscal Year, or within 90 days
after the close of any Fiscal Year, the Parent shall, at the request of the Administrative Agent or the Required Lenders, promptly hold a meeting via conference call which shall be open to the Administrative Agent and the Lenders, at which
conference call the financial results of the previous Fiscal Quarter and the financial condition of the Borrowers and their Subsidiaries shall be reviewed. 
 Section 7.1.6 Environmental Law Covenant. Each Borrower will, and will cause each of its Subsidiaries to, 

(a) use and operate all of its and their facilities and properties in material compliance with all Environmental Laws,
keep all necessary permits, approvals, certificates, licenses and other authorizations relating to environmental matters in effect and remain in material compliance therewith, handle all Hazardous Materials in material compliance with all applicable
Environmental Laws, promptly resolve any non-compliance with Environment Laws and keep its property free of any Lien relating to Hazardous Materials or imposed by any Environmental Law; and 

(b) promptly notify the Administrative Agent and provide copies upon receipt of all written claims, complaints or notices
or inquiries from Governmental Authorities, in each case relating to the condition of its facilities and properties, to compliance with Environmental Laws or actual or alleged liability relating to Hazardous Materials or otherwise pursuant to
Environmental Law. 
 Section 7.1.7 Use of Proceeds. The Borrowers will apply the proceeds of the Credit Extensions
as follows: 
 (a) To repay amounts owing under existing credit facilities; 

  
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 (b) for working capital and general corporate purposes of the Obligors and
their respective Subsidiaries, including Permitted Acquisitions and permitted Restricted Payments by such Persons and replacement of existing letters of credit; and 

(c) for issuing Letters of Credit for the account of the Obligors. 

Section 7.1.8 Future Guarantors, Security, etc. Subject to Section 7.1.11, each Borrower will, and will cause
each of its Material Subsidiaries to, execute any documents, Filing Statements, agreements and instruments, and take all further action (including filing mortgages against any owned real property) that may be required under applicable law, or that
the Administrative Agent may reasonably request, in order to effectuate the transactions contemplated by the Loan Documents and in order to grant, preserve, protect and perfect the validity and first priority (subject to Liens permitted by
Section 7.2.3) of the Liens created or intended to be created by the Loan Documents all to the extent required to comply with Section 7.1.12. Each Borrower will cause each of its subsequently acquired or organized Material
Subsidiaries to execute and deliver a supplement (in form and substance satisfactory to the Administrative Agent) to the applicable Guaranty and each other applicable Loan Document in favor of the Secured Parties. In addition, from time to time,
each Borrower will, at its cost and expense, promptly secure the Obligations by pledging or creating, or causing to be pledged or created, perfected Liens with respect to such of its assets and properties as any Administrative Agent or the Required
Lenders shall designate, it being agreed that it is the intent of the parties that the Obligations shall be secured by, among other things, substantially all the assets of each Borrower and its Material Subsidiaries (including real and personal
property acquired subsequent to the Effective Date). Notwithstanding any other provision of any Loan Document (a) subject to subclause (e) below, no CFC Subsidiary shall be required to deliver a Guaranty directly or indirectly with respect
to the Obligations of any Obligor that is a U.S. Person to the extent that such CFC Subsidiary would be treated, under Section 956 of the Code, as having an investment in U.S. property, (b) no U.S. Borrower or any of its Subsidiaries shall
be required to (x) pledge more than 65% of the issued and outstanding Voting Securities and 100% of the issued and outstanding non-voting Capital Security of any First-Tier CFC Subsidiary, or (y) pledge any asset or property of any CFC
Subsidiary, (c) no Obligor shall be required to deliver share certificates held in any Immaterial Subsidiary to the Collateral Agent and no legal opinions shall be required in respect of such shareholdings, (d) to the extent the granting
of any such Lien or the providing of a Guaranty would result in material stamp taxes, duties, registration or legal costs and expenses to the Borrowers and their respective Subsidiaries, the Administrative Agent shall cooperate with the Borrowers in
good faith to minimize the amount of such stamp taxes, duties, registration or legal costs and expenses resulting from the granting of such Lien or the providing of a Guaranty, taking into account the value of the assets to be secured by such Lien
and (e) notwithstanding the foregoing subclause (a) or limitations under Section 956 of the Code, each newly organized or acquired Subsidiary (other than an Immaterial Subsidiary) that is a direct or indirect Subsidiary of the U.S.
Borrower shall execute and deliver a Guaranty (in form and substance satisfactory to the Administrative Agent) to the U.S. Borrower’s Obligations in respect of the Term Loans and each other applicable Loan Document in favor of the Secured
Parties. Such Liens will be created under the Loan Documents in form and substance satisfactory to each Administrative Agent, and the Borrowers shall deliver or cause to be delivered to each Administrative Agent all such instruments and documents
(including legal opinions, title insurance policies and lien searches) as any Administrative Agent shall reasonably 

  
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request to evidence compliance with this Section. In addition, the Borrowers agree that they will notify the Administrative Agent promptly following the date on which the fair market value of the
property and assets (real and personal) of the Parent and its Subsidiaries located in Quebec (exclusive of the value of the Capital Securities of the Obligors), determined in the good faith judgment of the Parent, exceeds $250,000 and will execute
and deliver or cause their Subsidiaries, if applicable, to execute and deliver collateral documentation in form and substance reasonably satisfactory to the Administrative Agent necessary to perfect a Lien in favor of the Secured Parties on such
assets located in Quebec to secure the Obligations. Notwithstanding the foregoing, no guaranty of hedging arrangements that constitute Excluded Swap Obligations shall be required by any subsidiary of the Parent. 

Section 7.1.9 Material Contracts. The Borrower and each of its Material Subsidiaries shall comply in all material respects
with each of its Material Contracts. 
 Section 7.1.10 Maintenance of Ratings. The Borrowers will use commercially
reasonable efforts to cause a (i) “Corporate Rating” by S&P and “Corporate Family Rating” by Moody’s and (ii) senior secured credit rating with respect to the Loans from each of S&P and Moody’s to be
available at all times until the Stated Maturity Date for the Term Loans. 
 Section 7.1.11 Post-Closing
Obligations. The Borrowers will deliver the items set forth in Schedule 7.1.11 on the dates set forth therein. The time period applicable to any post-closing obligation set forth in Schedule 7.1.11 may be waived or extended by
the Administrative Agent, from time to time, in its sole discretion. 
 Section 7.1.12 Obligors. If (i) the
aggregate Consolidated EBITDA of all Subsidiaries that are not Guarantors at the end of any Fiscal Quarter, exceeds 5% of the Consolidated EBITDA of the Parent and its Subsidiaries for such period (in each case as set forth in the Compliance
Certificates relating to such Fiscal Quarter), (ii) the value of the assets of all Subsidiaries that are not Guarantors (excluding intercompany balances) exceeds 5% of the value of the consolidated assets of the Parent and its Subsidiaries as
at the end of such Fiscal Quarter (in each case as set forth in the financial statements with respect to such Fiscal Quarter or, if not presented in such financial statements, as reasonably determined by the Parent in good faith) or (iii) the
aggregate gross revenue of all Subsidiaries that are not Guarantors at the end of any Fiscal Quarter exceeds 5% of the consolidated gross revenue of the Parent and its Subsidiaries for such period (in each case as set forth in the financial
statements with respect to such Fiscal Quarter or, if not presented in such financial statements, as reasonably determined by the Parent in good faith), then the Parent shall cause one or more Subsidiaries as necessary to become a Guarantor and
provide security in compliance with the provisions of Section 7.1.8 so that the aggregate Consolidated EBITDA, asset value and/or gross revenue, as applicable, of all Subsidiaries that are not Guarantors does not exceed any threshold set
forth in clause (i), (ii) or (iii) of this Section 7.1.12. If a Borrower provides evidence satisfactory to the Administrative Agent (acting reasonably) that one or more Subsidiaries are no longer required as Guarantors in
order to meet the test described in this Section 7.1.12 and in connection with a corporate reorganization or otherwise in connection with an action permitted to be taken hereunder with respect to such Subsidiary, the Parent intends to
dissolve or wind-up such Subsidiary in accordance with the requirements of Section 7.2.10(c), then the Administrative Agent or the 

  
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Collateral Agent shall promptly release such Subsidiary from its Guaranty and related security and such Subsidiary shall thereafter be an Immaterial Subsidiary for purposes of this Agreement, and
the Collateral Agent agrees to promptly return any stock certificates it possesses in such subsidiary. 
 Section 7.2
Negative Covenants. The Borrowers covenant and agree with each Lender, each Issuer and each Administrative Agent that until the Termination Date has occurred: 
 Section 7.2.1 Business Activities. No Borrower will, nor will it permit any of its Subsidiaries to, (a) engage in any business activity except those business activities engaged in on the
date of this Agreement and activities reasonably incidental thereto or (b) change its accounting policies or financial reporting practices from such policies and practices in effect on the Closing Date, including any change to the ending dates
with respect to the Parent and its Subsidiaries’ Fiscal Year or Fiscal Quarters, except as may be required by GAAP in effect at the time of such change or by applicable requirements of law. 

Section 7.2.2 Indebtedness. No Borrower will, nor will it permit any of its Subsidiaries to, create, incur, assume or permit
to exist any Indebtedness, other than: 
 (a) Indebtedness in respect of the Obligations; 

(b) until the Closing Date, Indebtedness that is to be repaid in full as further identified in Item 7.2.2(b)
of the Disclosure Schedule; 
 (c) Indebtedness existing as of the Effective Date which is identified in
Item 7.2.2(c) of the Disclosure Schedule, and refinancing of such Indebtedness in a principal amount not in excess of that which is outstanding on the Effective Date (as such amount has been reduced following the Effective Date);

 (d) unsecured Indebtedness (i) incurred in the ordinary course of business of any Borrower and its
Subsidiaries consisting of open accounts extended by suppliers on normal trade terms in connection with purchases of goods and services which are not overdue for a period of more than 120 days or, if overdue for more than 120 days, as to which a
dispute exists and adequate reserves in conformity with GAAP have been established on the books of such Borrower or such Subsidiary and (ii) in respect of performance, surety or appeal bonds provided in the ordinary course of business, but
excluding (in each case), Indebtedness incurred through the borrowing of money or Contingent Liabilities in respect thereof; 
 (e) Indebtedness (i) evidencing the deferred purchase price of newly acquired property or incurred to finance the acquisition of equipment, including installation costs and expenditures made for any
repairs, alterations, construction, development or improvements performed thereon or added thereto, of any Borrower and its Subsidiaries (pursuant to purchase money mortgages or otherwise, whether owed to the seller or a third party) used in the
ordinary course of business of such Borrower and its Subsidiaries (provided that such Indebtedness is incurred within 120 days of the acquisition of such property) and (ii) in respect of Capitalized Lease Liabilities; provided
that, the aggregate amount of all Indebtedness outstanding pursuant to this clause (e) shall not at any time exceed $20,000,000; 

  
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 (f) Indebtedness of the Parent or any Subsidiary owing to the Parent or any
Subsidiary, provided that (i) such Indebtedness shall, if payable to the Parent, the other Borrower or a Subsidiary Guarantor by the Parent or a Subsidiary that is not a CFC Subsidiary, be evidenced by the Master Intercompany Note, duly
executed and delivered in pledge to the Collateral Agent pursuant to a Loan Document, (ii) if such Indebtedness is payable to a Subsidiary that is not a Subsidiary Guarantor or a CFC Subsidiary, such Subsidiary shall have previously executed
and delivered to the Administrative Agent the Interco Subordination Agreement, (iii) if such Indebtedness is incurred by a Subsidiary that is not a Subsidiary Guarantor owing to the Parent, the Borrower or any Subsidiary Guarantor, shall not
(when aggregated with the amount of Investments made by Parent, the Borrower and the Subsidiary Guarantors in Subsidiaries which are not Subsidiary Guarantors under clause (e)(i) of Section 7.2.5), exceed $15,000,000 and shall not
be forgiven or otherwise discharged for any consideration other than payment in full or in part in cash (provided that, only the amount repaid in part shall be discharged) and (iv) if such Indebtedness is payable to the Parent, the other
Borrower or a Subsidiary Guarantor by a CFC Subsidiary or by the Parent, the other Borrower or a Subsidiary Guarantor to a CFC Subsidiary, such Indebtedness shall not exceed in the aggregate $20,000,000; 

(g) Second Lien Loans incurred pursuant to the terms of the Second Lien Loan Documents in a principal amount not to exceed
the maximum principal amount of Second Lien Loans permitted by the Intercreditor Agreement, and Contingent Liabilities of the Subsidiary Guarantors in respect of the Second Lien Loans; 

(h) unsecured Indebtedness of a Borrower owing to the Export Development Canada in an aggregate principal amount not to
exceed (when aggregated with the amount of any other Indebtedness of a Borrower owing to the Export Development Canada set forth on Item 7.2.2(c) of the Disclosure Schedule, as refinanced) $15,000,000; 

(i) Hedging Obligations incurred in the ordinary course of business for non-speculative purposes; 

(j) unsecured Indebtedness for borrowed money of any Borrower, and unsecured Contingent Liabilities of the Subsidiary
Guarantors in respect of such unsecured Indebtedness, in an aggregate principal amount at any time outstanding not to exceed $30,000,000; provided (i) that no Default or Event of Default has occurred which is continuing at the time that
such unsecured Indebtedness is incurred or would result from the incurrence thereof, (ii) such unsecured Indebtedness matures at least 180 days after the Term Loan Commitment Termination Date and (iii) such unsecured Indebtedness does
not contain any financial maintenance covenants or any covenants more restrictive than those provided for in this Agreement (as determined by the Administrative Agent acting reasonably) or any required principal payments or prepayments prior to the
maturity thereof; 

  
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 (k) Indebtedness of a Person existing at the time such Person became a
Subsidiary of a Borrower, but only if such Indebtedness was not created or incurred in contemplation of such Person becoming a Subsidiary and the aggregate outstanding amount of all Indebtedness existing pursuant to this clause does not exceed
$35,000,000 at any time; 
 (l) other Indebtedness of the Borrowers and their Subsidiaries (other than
Indebtedness of Foreign Subsidiaries owing to the Borrowers or Subsidiary Guarantors) in an aggregate amount at any time outstanding not to exceed $15,000,000; and 

(m) to the extent constituting Indebtedness, Purchased Leases, all repurchase, collection advances and indemnification
obligations in connection therewith and all Contingent Liabilities with respect thereto; provided that the terms of each Lease Purchase Transaction shall provide that (x) the maximum amount of such Indebtedness that may under any
circumstances arise from “obligor defaults” or similar events shall not exceed in the case of any Lease Purchase Transaction in any twelve month “Loss Determination Period” (as such term is defined with respect to such Lease
Purchase Transaction) (it being understood that the amount of such permitted Indebtedness shall be calculated net of proceeds from remarketing of equipment the subject of “obligor defaults” and net of subsequent payments received from any
such obligors, in each case during such Loss Determination Period, for the purposes of this clause (m) but not for the purposes of Section 8.1.5(b)) the greater of (A) 15% of the sum of (i) the aggregate Repurchase Prices of all
Purchased Leases purchased by the relevant Lease Purchaser pursuant to such Lease Purchase Transaction (the sum of clause (i) and clause (ii), the “Purchased Lease Cap Reference Amount” for such Lease Purchase Transaction) prior
to the beginning of such twelve month Loss Determination Period, and (ii) the aggregate Purchase Prices of the Purchased Leases purchased by such Lease Purchaser pursuant to such Lease Purchase Transaction during such twelve month Loss
Determination Period, and (B) if one or more obligors default on one or more of the three largest Purchased Leases purchased under such Lease Purchase Transaction, the aggregate Purchase Prices of such three largest Purchased Leases (treating
as a single Purchased Lease for such purpose, all Purchased Leases with each such obligor’s Affiliates) (such aggregate amount, the “Three Largest Lease Cap Amount” for such Lease Purchase Transaction and (y) any other
circumstances where any Borrower or any Subsidiary would become liable to repurchase Purchased Leases shall be consistent in all material respects with, and not materially less favorable to such Borrower or such Subsidiary than, the terms of the
Lease Purchase Transactions in effect on the date of the Agreement; 
 provided that, no Indebtedness otherwise permitted by
clauses (c), (e), (i), (j), (k), (l) or (m) shall be assumed, created or otherwise incurred if an Event of Default has occurred and is then continuing or would result therefrom.

 Section 7.2.3 Liens. No Borrower will, nor will it permit any of its Subsidiaries to, create, incur, assume or
permit to exist any Lien upon any of its property (including Capital Securities of any Person), revenues or assets, whether now owned or hereafter acquired, except: 

(a) Liens securing payment of the Obligations; 

  
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 (b) until the Closing Date, Liens securing payment of Indebtedness of the
type described in clause (b) of Section 7.2.2; 
 (c) Liens existing as of the Effective
Date and disclosed in Item 7.2.3(c) of the Disclosure Schedule securing Indebtedness described in clause (c) of Section 7.2.2 that is secured as of the date hereof, and refinancings, refundings, renewals of
extension thereof or replacements of such secured Indebtedness; provided that no such Lien shall encumber any additional property and the amount of Indebtedness secured by such Lien is not increased from that permitted under
clause (c) of Section 7.2.2; 
 (d) Liens securing Indebtedness of the type permitted
under clause (e) of Section 7.2.2; provided that, (i) such Lien is granted within 60 days after such Indebtedness is incurred, (ii) the Indebtedness secured thereby does not exceed 100% of the cost of the
applicable property, improvements or equipment at the time of such acquisition (or construction) and (iii) such Lien secures only the assets that are the subject of the Indebtedness referred to in such clause; 

(e) Liens securing Indebtedness permitted by clause (k) of Section 7.2.2; provided that
such Liens existed prior to such Person becoming a Subsidiary, were not created in anticipation thereof and attach only to specific tangible assets of such Person (and not assets of such Person generally); 

(f) Liens in favor of carriers, warehousemen, mechanics, materialmen, repairmen, workmen and landlords and statutory liens
of banks and rights of set-off granted in the ordinary course of business for amounts not overdue for more than 30 days or being diligently contested in good faith by appropriate proceedings and for which adequate reserves in accordance with GAAP
shall have been set aside on its books; 
 (g) Liens incurred or deposits made in the ordinary course of business
in connection with Canadian Pension Plans, worker’s compensation, unemployment insurance or other forms of governmental insurance or benefits, or to secure performance of tenders, statutory obligations, surety and appeal bonds, bids, leases,
letters of intent, obligations under credit card processing agreements, government contracts, trade contracts, expropriations, proceedings, performance of return-of-money bonds or other similar obligations (other than for borrowed money);

 (h) judgment Liens in existence for less than 60 days after the entry thereof or with respect to which
execution has been stayed or the payment of which is covered in full (subject to a customary deductible) by insurance maintained with responsible insurance companies and which do not otherwise result in an Event of Default under
Section 8.1.6; 
 (i) easements, rights-of-way, restrictions, licenses, restrictive covenants,
servitudes, encroachments, and other minor defects or irregularities in title and other similar encumbrances including the reservations, limitations, provisos and conditions, if any, expressed in any original grant from the Crown of any real
property or any interest therein, not interfering in any material respect with the value or use of the property to which such Lien is attached; 

  
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 (j) Liens (i) for Taxes not at the time delinquent or thereafter
payable without penalty or being diligently contested in good faith by appropriate proceedings and for which adequate reserves in accordance with GAAP shall have been set aside on its books or (ii) in favor of customs and revenue authorities
arising as a matter of law to secure payment of customs duties in connection with the importation of goods in the ordinary course of business; 
 (k) Liens securing Indebtedness permitted under clause (g) of Section 7.2.2 and subordinated to the Liens securing the Obligations pursuant to the Intercreditor Agreement;

 (l) Liens securing Indebtedness permitted under clauses (f) and (l) of
Section 7.2.2; 
 (m) Liens arising from the filing of PPSA or UCC financing statements by lessors
under true operating leases against the Borrower or any of their Subsidiaries, as lessees, made as precautionary filings in respect of such operating leases; 
 (n) Liens relating to licenses of patents, trademarks and other intellectual property rights granted by the Borrowers or any of their Subsidiaries in the ordinary course of business and not interfering in
any material respect with the ordinary conduct of the business of the Borrowers or any of their Subsidiaries; 

(o) any Lien given to a public utility or any municipality or governmental or other public authority when required by such
utility or other authority in connection with the operation of the business or the ownership of the assets of any of the Borrowers or their Subsidiaries, not securing any Indebtedness and not interfering in any material respect with the ordinary
conduct of the business of the Borrowers or any of their Subsidiaries; 
 (p) any Lien consisting of the right
reserved to or vested in any Governmental Authority by any statutory provision or by the terms of any lease, license, agreement, franchise, grant or permit of any of the Borrowers or their Subsidiaries, to terminate any such lease, agreement,
license, franchise, grant or permit, or to require annual or other payments as a condition to the continuance thereof; and 
 (q) Liens on Collateral securing claims under Purchased Leases and any Liens arising from the filings of PPSA or UCC financing statements by Lease Purchasers in respect thereof. 

  
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 Section 7.2.4 Leverage Ratio. 

(a) The Parent will not permit the Leverage Ratio for any period ending on the last day of any Fiscal Quarter ending during a period set
forth below to be greater than the ratio set forth opposite such period: 
  

					
	 Period of Four Quarters Ending
	  	Ratio	 
	 April 30, 2013 through January 31, 2014
	  	 	4.00:1.00	  
	 April 30, 2014 through January 31, 2015
	  	 	3.50:1.00	  
	 April 30, 2015 through January 31, 2016
	  	 	3.00:1.00	  
	 April 30, 2016 and thereafter
	  	 	2.75:1.00	  

 (b) For purposes of determining compliance with the financial covenant set forth in this
Section 7.2.4, any equity investment made in any Borrower by any one or more of the Permitted Holders after the Closing Date and on or prior to the date financial statements are required to be delivered for a Fiscal Quarter will, at the
request of the Parent, be included in the calculation of Consolidated EBITDA for the purposes of determining compliance with the Leverage Ratio pursuant to this Section 7.2.4 for such Fiscal Quarter (any such equity contribution so
included in the calculation of Consolidated EBITDA, being a “Specified Equity Contribution”); provided, however, that (i) there shall be no more than two Specified Equity Contributions made in a period of four
consecutive Fiscal Quarters and no more than five Specified Equity Contributions in the aggregate made during the term of the Commitment, (ii) the amount of any Specified Equity Contribution shall be no greater than 100% of the amount required
to cause the Parent to be in compliance with the Leverage Ratio pursuant to this Section 7.2.4; (iii) such Specified Equity Contribution shall only be given effect for purposes of compliance with this Section 7.2.4 and
not for any other use of the Leverage Ratio under this Agreement or under any of the other Loan Documents; and (iv) to the extent Consolidated EBITDA has been increased for any Fiscal Quarter as a result of a Specified Equity Contribution,
Consolidated EBITDA as so increased for such Fiscal Quarter shall apply for any subsequent determination of the Leverage Ratio pursuant to this Section 7.2.4 which includes such Fiscal Quarter. 

Section 7.2.5 Investments. No Borrower will, nor will it permit any of its Subsidiaries to, purchase, make, incur, assume or
permit to exist any Investment in any other Person, except: 
 (a) Investments existing on the Effective Date and
identified in Item 7.2.5(a) of the Disclosure Schedule; 
 (b) Cash Equivalent Investments;

 (c) Investments received in connection with the bankruptcy or reorganization of, or settlement of delinquent
accounts and disputes with, customers and suppliers, in each case in the ordinary course of business; 
 (d)
Investments consisting of any deferred portion of the sales price received by any Borrower or any Subsidiary in connection with any Disposition permitted under Section 7.2.11; 

  
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 (e) Investments (i) by way of contributions to capital or purchases of
Capital Securities by any Borrower in any Subsidiaries or by any Subsidiary in other Subsidiaries; provided that, the aggregate amount of intercompany loans made pursuant to clause (f)(iii) of Section 7.2.2 and
Investments under this clause made by Obligors in Subsidiaries that are not Obligors shall not exceed the amount set forth in clause (f)(iii) of Section 7.2.2 at any time, (ii) consisting of Indebtedness permitted
by clause (f)(i) of Section 7.2.2, (iii) consisting of Indebtedness permitted by clause (f)(ii) of Section 7.2.2, or (iv) by way of contributions to capital or purchases of Capital Securities
by any Subsidiary in any Borrower; 
 (f) Investments constituting (i) accounts receivable arising,
(ii) trade debt granted, or (iii) deposits made in connection with the purchase price of goods or services, in each case in the ordinary course of business; 

(g) Investments in Capital Securities constituting Permitted Acquisitions in an amount which, when aggregated with the
amount expended under clause (b) of Section 7.2.10, does not exceed $100,000,000 over the term of this Agreement; provided, that the aggregate amount of Investments that do not result in the acquisition of a
wholly-owned Subsidiary that executes and delivers a Guaranty (or a supplement thereto) and each other Loan Document pursuant to Section 7.1.8 or, in the case of an asset acquisition, in assets that do not become property of a Guarantor
or Borrower, shall not exceed $10,000,000 over the term of this Agreement; 
 (h) loans and advances to directors
and employees in an aggregate amount not to exceed $5,000,000 at any time outstanding; 
 (i) other Investments
in an amount not to exceed $35,000,000 over the term of this Agreement; 
 (j) deposits by any of the Borrowers
or their Subsidiaries in the ordinary course of business consistent with customary practice or its past practices to secure the performance of leases, licenses or contracts; 

(k) Hedging agreements or unsecured hedging agreements in the ordinary course of business and not for speculative
purposes; 
 (l) Investments resulting from collection advance obligations under Purchased Leases consistent with
the past practice of the Borrowers and their Subsidiaries as of the Closing Date in an amount not to exceed $10,000,000 in the aggregate at any time outstanding; and 

(m) the endorsement of negotiable instruments for deposit or collection or similar transactions in the ordinary course of
business; 
 provided, that, (i) any Investment which when made complies with the requirements of the definition of the term
“Cash Equivalent Investment” may continue to be held notwithstanding that such Investment if made thereafter would not comply with such requirements, and (ii) no Investment otherwise permitted by clauses (e)(i),
(g), (h) or (i) shall be permitted to be made if any Default has occurred and is continuing or would result therefrom. 

  
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 Section 7.2.6 Restricted Payments, etc. No Borrower will, nor will it permit any
of its Subsidiaries to, declare or make a Restricted Payment, or make any deposit for any Restricted Payment, other than Restricted Payments made by (a) any Subsidiary to any Obligor, (b) any Obligor to another Obligor or any non-Obligor
to any other non-Obligor, (c) any Obligor to any non-Obligor or (d) the Parent to its shareholders; provided, however, that any Restricted Payment pursuant to clause (c) or (d) above shall only be permitted
(x) if both before and after giving effect to such Restricted Payment, no Default or Event of Default has occurred and is continuing or would result from the making of such Restricted Payment, and (y) in an amount not to exceed:
(1) $15,000,000 over the term of this Agreement; plus (2) an additional amount up to the Available Amount as of the applicable date of determination, so long as, for purposes of this subclause (2), at such time the Parent and
its Subsidiaries are in pro forma compliance with a Leverage Ratio 0.25x lower than the Leverage Ratio then required to be maintained pursuant to Section 7.2.4, determined on a Pro Forma Basis as of the last day of the Fiscal Quarter
most recently ended. 
 Section 7.2.7 Reserved. 

Section 7.2.8 No Prepayment of Debt. No Borrower will, nor will it permit any of its Subsidiaries to: 

(a) (i) make any prepayment of principal of, or premium or interest on, any Second Lien Debt, Subordinated Debt or senior
unsecured Indebtedness (other than any intercompany Indebtedness owing to an Obligor to the extent incurred in accordance with clause (f) or (i) of Section 7.2.2) other than the stated, scheduled date for payment
set forth in the applicable documents governing such Indebtedness, or (ii) make any payment of any Subordinated Debt which would violate the terms of this Agreement or the applicable Subordinated Debt Documents; 

(b) redeem, retire, purchase, defease or otherwise acquire any Second Lien Debt, Subordinated Debt or senior unsecured
Indebtedness; or 
 (c) make any deposit (including the payment of amounts into a sinking fund or other similar
fund) for any of the foregoing purposes; 
 provided, that the Borrowers shall be permitted to prepay Indebtedness in an amount not to
exceed the Available Amount as of the date of the relevant prepayment, so long as at such time (before and immediately after giving effect to such prepayment) (i) no Default or Event of Default has occurred and is continuing and (ii) the
Parent and its Subsidiaries are in pro forma compliance with a Leverage Ratio 0.25x lower than the Leverage Ratio then required to be maintained pursuant to Section 7.2.4, determined on a Pro Forma Basis as of the last day of the Fiscal
Quarter most recently ended. 
 Furthermore, neither any Borrower nor any Subsidiary will designate any Indebtedness other than the Obligations
as “Designated Senior Debt” (or any analogous term) in any Subordinated Debt Document. 
 Section 7.2.9
Disqualified Equity Interests. 
 (a) None of Parent or any of its Subsidiaries will issue any Disqualified Capital Stock
unless the obligations in respect of such Disqualified Capital Stock would have been permitted to be incurred as Indebtedness pursuant to clause (f) or (l) of Section 7.2.2. 

  
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 (b) No Subsidiary of Holdings will issue any Capital Securities (including by way of sales
of treasury stock) or any options or warrants to purchase, or securities convertible into, any Capital Securities, except: (i) for stock splits, stock dividends and additional issuances of Capital Securities which do not decrease the percentage
ownership of Holdings, Parent or any other Obligors in any class of the Equity Interests of such Subsidiary and (ii) Subsidiaries of Holdings formed or acquired after the Closing Date in accordance with Section 7.2.5 may issue
Capital Securities to Holdings or to the Obligor which is to own such Equity Interests. 
 Section 7.2.10 Consolidation,
Merger; Permitted Acquisitions, etc. No Borrower will, nor will it permit any of its Subsidiaries to, liquidate or dissolve, consolidate with, or merge into or with, any other Person, or purchase or otherwise acquire all or substantially all of
the assets of any Person (or any division thereof), except: 
 (a) any Subsidiary may liquidate or dissolve
voluntarily into, and may merge with and into, a Borrower or any other Subsidiary (provided that, a Guarantor may only liquidate or dissolve into, or merge with and into, a Borrower or another Guarantor), and the assets or Capital Securities
of any Subsidiary may be purchased or otherwise acquired by a Borrower or any other Subsidiary (provided that, the assets or Capital Securities of any Subsidiary Guarantor may only be purchased or otherwise acquired by a Borrower or another
Subsidiary Guarantor); provided, further that, in no event shall any Subsidiary consolidate with or merge with and into any other Subsidiary unless after giving effect thereto, the Collateral Agent shall have a perfected pledge of, and
security interest in and to, at least the same percentage of the issued and outstanding interests of Capital Securities (on a fully diluted basis) and other assets of the surviving Person as the Collateral Agent had immediately prior to such merger
or consolidation in form and substance satisfactory to the Administrative Agent and their counsel, pursuant to such documentation and opinions as shall be necessary in the opinion of the Administrative Agent to create, perfect or maintain the
collateral position of the Secured Parties therein; 
 (b) the purchase of all or substantially all of the assets
of any Person (or any division thereof), or the acquisition of such Person by merger, in each case if (i) such purchase or acquisition constitutes a Permitted Acquisition, and (ii) the amount expended in connection with such transaction,
when aggregated with the amount expended under clause (g) of Section 7.2.5, does not exceed the amount set forth in such clause over the term of this Agreement; and 

(c) any Immaterial Subsidiary may be dissolved or otherwise wound-up; provided that all of the assets of such
Immaterial Subsidiary are transferred to one or more Subsidiaries prior to such dissolution or winding up. 

Section 7.2.11 Permitted Dispositions. No Borrower will, nor will it permit any of its Subsidiaries to, Dispose of any of
such Person’s assets (including accounts receivable and Capital Securities of Subsidiaries) to any Person in one transaction or series of transactions unless such Disposition is: 

(a) inventory or obsolete, damaged, worn out or surplus personal property Disposed of in the ordinary course of its
business; 

  
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 (b) Purchased Leases or Residual Positions to a Lease Purchaser in the
ordinary course of the Parent’s and its Subsidiaries’ business, provided that the consideration received by the applicable Borrower or Subsidiary for such sale consists of no less than 90% in cash and is conducted in an
arm’s-length transaction with such Person; 
 (c) permitted by Section 7.2.10; 

(d) (i) for fair market value and the consideration received consists of no less than 75% in cash, and (ii) the Net
Disposition Proceeds received from such Disposition, together with the Net Disposition Proceeds of all other assets Disposed of pursuant to this clause since the Closing Date, does not exceed (individually or in the aggregate) $35,000,000 over
the term of this Agreement; 
 (e) of Non-Core Intellectual Property Assets, provided that (i) the
Net Disposition Proceeds received from such Disposition are used to repay the Loans in accordance with Section 3.1.1(e) without any ability to reinvest such Net Disposition Proceeds, (ii) the fair market value of the assets subject
to such Disposition, together with the fair market value of all other assets Disposed of pursuant to this clause since the Closing Date, does not exceed (individually or in the aggregate) $20,000,000 over the term of this Agreement and
(iii) such Disposition is for fair market value and the consideration received consists of no less than 50% in cash, which may include cash paid over time pursuant to agreements providing for the payment of royalties; or 

(f) the Specified Disposition, provided that such Disposition is for fair market value. 

Section 7.2.12 Modification of Certain Agreements. No Borrower will, nor will it permit any of its Subsidiaries to, consent
to any amendment, supplement, waiver or other modification of, or enter into any forbearance from exercising any rights with respect to the terms or provisions contained in: 

(a) the documents governing any Indebtedness (other than Second Lien Debt), unless the Parent or Subsidiary of the Parent
who is obligated on such Indebtedness could have incurred such Indebtedness under Section 7.2.2 on such amended terms as of the date of such amendment, supplement, modification or waiver; 

(b) the documents governing any Second Lien Debt, unless such amendment, supplement, waiver or other modification would be
permitted by the terms of the Intercreditor Agreement; or 
 (c) the Organic Documents of any Borrower or any of
its Subsidiaries, if the result would have an adverse effect on the rights or remedies of any Secured Party. 

Section 7.2.13 Reserved. 

  
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 Section 7.2.14 Transactions with Affiliates. No Borrower will, nor will it
permit any of its Subsidiaries to, enter into or cause or permit to exist any arrangement, transaction or contract (including for the purchase, lease or exchange of property or the rendering of services) with any of its other Affiliates, unless such
arrangement, transaction or contract (i) is on fair and reasonable terms no less favorable to such Borrower or such Subsidiary than it could obtain in an arm’s-length transaction with a Person that is not an Affiliate and (ii) is of
the kind which would be entered into by a prudent Person in the position of such Borrower or such Subsidiary with a Person that is not one of its Affiliates; provided, however, that the foregoing restrictions shall not apply to:
(i) the payment of reasonable and customary fees to directors of the Obligors who are not employees of the Obligors, (ii) any other transaction with any employee, officer or director of the Obligors pursuant to employee profit sharing
and/or benefit plans and compensation and non-competition arrangements in amounts customary for corporations similarly situated to the Obligors and entered into in the ordinary course of business and approved by the board of directors of the
applicable Obligor, or (iii) any reimbursement of reasonable out-of-pocket costs incurred by an Affiliate of any Obligor on behalf of or for the account of such Obligor. 
 Section 7.2.15 Restrictive Agreements, etc. No Borrower will, nor will it permit any of its Subsidiaries to, enter into any agreement prohibiting: 

(a) the creation or assumption of any Lien upon its properties, revenues or assets, whether now owned or hereafter
acquired, other than any such properties, revenues or assets transferred or otherwise Disposed pursuant to a Disposition permitted hereunder and other than as required with respect to Lease Purchase Collateral in connection with a Lease Purchase
Transaction; 
 (b) the ability of any Obligor to amend or otherwise modify any Loan Document; or 

(c) the ability of any Subsidiary to make any payments, directly or indirectly, to a Borrower, including by way of
dividends, advances, repayments of loans, reimbursements of management and other intercompany charges, expenses and accruals or other returns on investments. 
 The foregoing prohibitions shall not apply to restrictions contained (i) in any Loan Document or in any Second Lien Loan Document (subject to the terms of the Intercreditor Agreement), (ii) in
the case of clause (a), (A) any agreement governing any Indebtedness permitted by clause (e) of Section 7.2.2 as to the assets financed with the proceeds of such Indebtedness; (B) any agreements that are
customary restrictions on leases, subleases, licenses or permits so long as such restrictions relate to the property subject thereto; (C) any agreements that are customary provisions restricting subletting or assignment of any lease governing a
leasehold interest; (D) agreements that are customary provisions restricting assignment or transfer of any contract entered into in the ordinary course of business; (E) any agreement evidencing an asset sale, as to the assets being sold;
(F) agreements binding on a Subsidiary at the time such Subsidiary first becomes a Subsidiary of the Parent, so long as such agreements were not entered into in contemplation of such Person becoming a Subsidiary of the Parent; (G) any
agreements governing any purchase money Liens or obligations under leases which, in accordance with GAAP, should be classified as capitalized leases, in each case otherwise permitted pursuant to this Agreement (in which case, any prohibition or
limitation shall only be effective against the property financed thereby; provided that individual agreements governing purchase money Liens or obligations under Capitalized Lease Liabilities provided by a Person to an Obligor may be
cross-collateralized to other such agreements governing purchase money Liens or obligations under Capitalized Lease Liabilities otherwise permitted pursuant to this Agreement provided by such Person to an Obligor); (H) encumbrances or
restrictions on the transfer of any property subject to Liens permitted by Section 7.2.3 and (I) negative pledge clauses and limitations on restricted payments contained in documents

  
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governing Indebtedness pursuant to clause (j) of Section 7.2.2 which (A) are customary for high-yield notes and (B) permit without restriction the granting of Liens to
secure the Obligations and the payment of dividends and distributions by Subsidiaries to the Parent, and (iii) in the case of clauses (a) and (c), any agreement of a Foreign Subsidiary governing the Indebtedness permitted by
clause (l) of Section 7.2.2. 
 Section 7.2.16 Reserved. 

Section 7.2.17 Sale and Leaseback. No Borrower will, nor will it permit any of its Subsidiaries to, directly or indirectly
enter into any agreement or arrangement providing for the sale or transfer by it of any property (now owned or hereafter acquired) to a Person and the subsequent lease or rental of such property or other similar property from such Person unless,
either: 
 (a) immediately prior to the entering into of such arrangement, such Person, could, pursuant to
Section 7.2.3, create a Lien on property to secure Indebtedness in an amount equal to the total net amount of rent required to be paid by such Person under such lease during the remaining term thereof with respect to such sale and
leaseback transaction; or 
 (b) such Person applies, within 120 days after the sale or transfer, an amount equal
to the fair market value of the property so sold and leased back at the time of entering into such sale and leaseback transaction (as determined by the Board of Directors of the Parent or such Person) to the prepayment of the Loans pursuant to
Sections 3.1.1 and 3.1.2. 
 ARTICLE VIII 

EVENTS OF DEFAULT 
 Section 8.1 Listing of Events of Default. Each of the following events or occurrences described in this Article shall constitute an “Event of Default”. 

Section 8.1.1 Non-Payment of Obligations. (i) (a) Any Borrower shall default in the payment or prepayment when due
of any principal of any Loan or any Reimbursement Obligation, (b) any Obligor shall fail to make any deposit of cash for collateral purposes pursuant to Section 2.6.4 or 12.18.1(e), or (c) any Guarantor shall default in
the payment when due of any payment Obligation under a Guaranty; or (ii) any Borrower shall default in the payment or prepayment when due of any interest on any Loan or any fee described in Article III or any other monetary
Obligation, and such default under this clause (ii) shall continue unremedied for a period of three Business Days after such amount was due. 
 Section 8.1.2 Breach of Warranty. Any representation or warranty of any Obligor made or deemed to be made in any Loan Document (including any certificates delivered pursuant to
Article V) is or shall be incorrect in any material respect when made or deemed to have been made. 

  
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 Section 8.1.3 Non-Performance of Certain Covenants and Obligations. Any Borrower
shall default in the due performance or observance of any of its obligations under clause (d) of Section 7.1.1 or Section 7.1.7, Section 7.2 or Article X or (b) any Obligor shall
default in the due performance or observance of its material obligations under any Guaranty or Security Agreement to which it is a party. 
 Section 8.1.4 Non-Performance of Other Covenants and Obligations. Any Obligor shall default in the due performance and observance of any other agreement contained in any Loan Document executed
by it, and such default shall continue unremedied for a period of (a) 15 days in the case of Section 7.1.1 (other than clause (d) thereof) and (b) 30 days in the case of any other agreement after the earlier to
occur, in each case, of (i) notice thereof given to any Borrower by either Administrative Agent or any Lender and (ii) the date on which any Obligor has knowledge of such default. 

Section 8.1.5 Default on Other Indebtedness; Lease Purchase Transactions. 

(a) A default shall occur in the payment of any amount when due or payable (subject to any applicable grace period), whether by
acceleration or otherwise, of any principal or stated amount of, or interest or fees on, any Indebtedness (other than Indebtedness described in Section 8.1.1 or Section 7.2.2(m) or as otherwise set forth in clause (b)
below) of the Borrowers or any of their Subsidiaries or any other Obligor having a principal or stated amount, individually or in the aggregate, in excess of $20,000,000 (or the Dollar Equivalent thereof, if applicable and, in the case of Hedging
Obligations, calculated at the Swap Termination Value thereof), or a default shall occur in the performance or observance of any obligation or condition with respect to such Indebtedness if the effect of such default is to accelerate the maturity or
other fixed date of final payment of any such Indebtedness or such default shall continue unremedied for any applicable period of time sufficient to permit the holder or holders of such Indebtedness, or any trustee or agent for such holders, to
cause or declare such Indebtedness to become due and payable or to require such Indebtedness to be prepaid, redeemed, purchased or defeased, or require an offer to purchase or defease such Indebtedness to be made, prior to its expressed maturity.

 (b) The Borrower or any of its Subsidiaries shall, (i) pursuant to the terms of any Lease Purchase Transaction, become
obligated to pay any amount to a Lease Purchaser (including as consideration for a repurchase of Leases sold to such Lease Purchaser) pursuant to “obligor defaults” or similar events at any time during the Loss Determination Period for
such Lease Purchase Transaction in excess of 15% of the Purchased Lease Cap Reference Amount for any Purchased Lease Transaction or the Three Largest Lease Cap Amount, to the extent applicable with respect to such Lease Purchase Transaction or
(ii) for any reason (including any circumstances described in clause (i) of this Section 8.1.5(b)), become obligated to pay amounts to one or more Lease Purchasers in excess of $20,000,000 individually or in the aggregate in
any consecutive 12-month period, or an event shall occur (including any default in the payment, performance or observance of any obligation or condition) with respect to any one or more Lease Purchase Transactions if the effect of such event is to
permit the applicable Lease Purchaser or Lease Purchasers to require such an amount described in clause (i) or (ii) to become due and payable (including as consideration for a repurchase of Leases sold to such Lease Purchaser or Lease
Purchasers) during such period. 

  
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 Section 8.1.6 Judgments. Any judgment or order: (i) for the payment of
money individually or in the aggregate in excess of $20,000,000 (or the Dollar Equivalent thereof, if applicable) (exclusive of any amounts fully covered by insurance (less any applicable deductible) and as to which the insurer has acknowledged its
responsibility to cover such judgment or order), or (ii) for injunctive relief which could reasonably be expected to result in a Material Adverse Effect, shall be rendered against any Borrower or any of its Subsidiaries or any other Obligor and
in each case such judgment shall not have been vacated or discharged or stayed or bonded pending appeal within 30 days after the entry thereof or enforcement proceedings shall have been commenced by any creditor upon such judgment or order.

 Section 8.1.7 Pension Plans. Any of the following events shall occur with respect to any U.S. Pension Plan,
Canadian Pension Plan or Multiemployer Plan, as the case may be: 
 (a) the institution of any steps by any
Borrower, any member of the Controlled Group or any other Person to withdraw from or terminate a U.S. Pension Plan if, as a result of such withdrawal or termination, any Borrower or any such member of the Controlled Group could be required to make a
contribution to such U.S. Pension Plan, or could reasonably expect to incur a liability or obligation to such U.S. Pension Plan, in excess of $20,000,000; 
 (b) a contribution failure occurs with respect to any U.S. Pension Plan sufficient to give rise to a Lien under section 303(k) of ERISA; or 

(c) the occurrence of any event or events with respect to the Multiemployer Plans which in the aggregate could result in
any Borrower or any member of the Controlled Group incurring a liability in excess of $20,000,000; 
 (d) any of
the following events shall occur with respect to a U.S. Pension Plan which in the aggregate could result in any Borrower or any member of the Controlled Group incurring liability in excess of $20,000,000: (i) the occurrence of a reportable
event, within the meaning of Section 4043 of ERISA, with respect to any U.S. Pension Plan unless the 30-day notice requirement with respect to such event has been waived by the PBGC; (ii) the application for a minimum funding waiver with
respect to a U.S. Pension Plan; (iii) the cessation of operations at a facility of any Borrower or any member of its Controlled Group which could reasonably be expected to result in liability in excess of $20,000,000 under Section 4062(e)
of ERISA; (iv) a determination that any U.S. Pension Plan is in “at risk” status (within the meaning of Section 303 of ERISA); or (v) the occurrence of any event or condition described in Section 4042(a)(1),(2) or
(3) of ERISA that constitutes grounds for the appointment of a trustee to administer a U.S. Pension Plan or it is reasonably likely that a trustee will be appointed under Section 4042(a)(4) of ERISA; or 

(e) any of the following events shall occur with respect to any Canadian Pension Plan or Canadian Welfare Plan:
(i) the institution of any steps by any Borrower, a Subsidiary or any other Person to terminate any Canadian Pension Plan if, as a result of such termination, any Borrower or any of its Subsidiaries is required to make an

  
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additional contribution to such Canadian Pension Plan, or could reasonably be expected to incur a liability or obligation to such Canadian Pension Plan, in an amount in excess of $20,000,000;
(ii) a contribution failure occurs with respect to any Canadian Pension Plan in an amount in excess of $20,000,000, or the Canadian Dollar Equivalent thereof; or (iii) the occurrence of any event with respect to any Canadian Pension Plan
that results in or would reasonably be likely to result in the incurrence by any Borrower or any of its Subsidiaries of any liability, fine or penalty, or any increase in a liability, including without limitation a contingent liability, of any
Borrower or any of its Subsidiaries in an amount in excess of $20,000,000, or the Canadian Dollar Equivalent thereof, with respect to any Canadian Pension Plan or Canadian Welfare Plan benefit. 

Section 8.1.8 Change in Control. Any Change in Control shall occur. 

Section 8.1.9 Bankruptcy, Insolvency, etc. The Borrowers, any of their Material Subsidiaries or any other Obligor shall:

 (a) become insolvent or generally fail to pay, or admit in writing its inability or unwillingness generally to
pay, its debts as they become due; 
 (b) apply for, consent to, or acquiesce in the appointment of a trustee,
receiver, interim receiver, sequestrator or other custodian for itself or any substantial part of its property, or make a general assignment for the benefit of creditors; 

(c) in the absence of such application, consent or acquiescence, permit or suffer to exist the appointment of a trustee,
receiver, sequestrator or other custodian for itself or a substantial part of its property; 
 (d) permit or
suffer to exist the commencement of any bankruptcy, reorganization, debt arrangement or other case or proceeding under any bankruptcy or insolvency law or any dissolution, winding up or liquidation proceeding, in respect thereof, and, if any such
case or proceeding is not commenced by any Borrower, any Subsidiary or any Obligor, such case or proceeding shall be consented to or acquiesced in by such Borrower, such Subsidiary or such Obligor, as the case may be, or shall result in the entry of
an order for relief or shall remain for 45 days undismissed; provided that each Borrower, each Subsidiary and each Obligor hereby expressly authorizes each Secured Party to appear in any court conducting any such case or proceeding during
such 45-day period to preserve, protect and defend their rights under the Loan Documents; or 
 (e) take any
action authorizing, or in furtherance of, any of the foregoing. 
 Section 8.1.10 Impairment of Security, etc. Any
Loan Document or any Lien granted thereunder shall (except in accordance with its terms), in whole or in part, terminate, cease to be effective or cease to be the legally valid, binding and enforceable obligation of any Obligor party thereto; any
Obligor or any other party shall, directly or indirectly, contest in any manner such effectiveness, validity, binding nature or enforceability; or, except as permitted under any Loan Document, any Lien securing any Obligation shall, in whole or in
part, cease to be a perfected first priority Lien. 

  
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 Section 8.1.11 Failure of Subordination. Unless otherwise waived or consented to
by the Administrative Agent, the Lenders and the Issuer in writing, the subordination provisions relating to any Subordinated Debt (the “Subordination Provisions”) shall fail to be enforceable by the Administrative Agent, the
Lenders and the Issuer in accordance with the terms thereof, or the monetary Obligations shall fail to constitute “Senior Indebtedness” (or similar term) referring to the Obligations; or any Borrower or any of its Subsidiaries shall,
directly or indirectly, disavow or contest in any manner (i) the effectiveness, validity or enforceability of any of the Subordination Provisions, (ii) that the Subordination Provisions exist for the benefit of the Administrative Agent,
the Lenders and the Issuer or (iii) that all payments of principal of or premium and interest on the Subordinated Debt, or realized from the liquidation of any property of any Obligor, shall be subject to any of such Subordination Provisions.

 Section 8.2 Action if Bankruptcy. If any Event of Default described in clauses (a) through (d) of
Section 8.1.9 with respect to any Borrower shall occur, the Commitments (if not theretofore terminated) shall automatically terminate and the outstanding principal amount of all outstanding Loans and all other Obligations (including
Reimbursement Obligations) shall automatically be and become immediately due and payable, without notice or demand to any Person and each Obligor shall automatically and immediately be obligated to Cash Collateralize all Letter of Credit
Outstandings and Canadian BAs. 
 Section 8.3 Action if Other Event of Default. If any Event of Default (other than
any Event of Default described in clauses (a) through (d) of Section 8.1.9 with respect to any Borrower) shall occur for any reason, whether voluntary or involuntary, and be continuing, the Administrative Agent, upon the direction of
the Required Lenders, shall (or with the consent of the Required Lenders, may) by notice to the Borrowers declare all or any portion of the outstanding principal amount of the Loans and other Obligations (including Reimbursement Obligations) to be
due and payable and/or the Commitments (if not theretofore terminated) to be terminated, whereupon the full unpaid amount of such Loans and other Obligations which shall be so declared due and payable shall be and become immediately due and payable,
without further notice, demand or presentment, and/or, as the case may be, the Commitments shall terminate and the Borrowers shall automatically and immediately be obligated to Cash Collateralize all Letter of Credit Outstandings and Canadian BAs.
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 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 and the Collateral Agent in accordance with this Section and Section 8.2 for the benefit of all the Lenders and the Issuers;
provided that the foregoing shall not prohibit (i) the Issuer or any Swing Line Lender or the Administrative Agent from exercising the rights and remedies that inure to its benefit (solely in its capacity as Issuer or Swing Line Lender or
Administrative Agent, as the case may be) hereunder and under the other Loan Documents, (ii) any Lender from exercising setoff rights in accordance with Section 4.9 or the other Loan Documents, (iii) 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 Obligor under any Debtor Relief Law and provided further that if no Person is acting as Administrative Agent, then the Required Lenders
shall have the rights otherwise ascribed to the Administrative Agent. 

  
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 ARTICLE IX 

RESERVED. 

ARTICLE X 
 GUARANTY PROVISIONS 
 Section 10.1 Parent Guaranty Provisions. The
Parent hereby irrevocably guarantees the payment of all Obligations as set forth below. 
 Section 10.2 Parent
Guaranty. The Parent hereby absolutely, unconditionally and irrevocably guarantees the full and punctual payment when due, whether at stated maturity, by required prepayment, declaration, acceleration, demand or otherwise, of all Obligations. This
guaranty constitutes a guaranty of payment when due and not of collection, and the Parent specifically agrees that it shall not be necessary or required that any Secured Party exercise any right, assert any claim or demand or enforce any remedy
whatsoever against any Obligor or any other Person before or as a condition to the obligations of the Parent hereunder. 

Section 10.3 Guaranty Absolute, etc. The Parent’s guaranty herein shall in all respects be a continuing, absolute,
unconditional and irrevocable guaranty of payment, and shall remain in full force and effect until the Termination Date. The Parent guarantees that the Obligations will be paid strictly in accordance with the terms of each Loan Document under which
such Obligations arise, regardless of any law, regulation or order now or hereafter in effect in any jurisdiction affecting any of such terms or the rights of any Secured Party with respect thereto. The liability of the Parent under this Agreement
shall be absolute, unconditional and irrevocable irrespective of 
 (a) any lack of validity, legality or
enforceability of any Obligations or Loan Document; 
 (b) the failure of any Secured Party to assert any claim
or demand or to enforce any right or remedy against any Obligor or any other Person (including any other guarantor) under the provisions of any Loan Document or otherwise, or to exercise any right or remedy against collateral securing, any
Obligations; 
 (c) any change in the time, manner or place of payment of, or in any other term of, any amendment
to, rescission, waiver, or other modification of, or any consent to or departure from, any of the terms of any Loan Document, all or any part of the Obligations, or any other extension, compromise or renewal of any Obligation; 

(d) any reduction, limitation, impairment or termination of any Obligations for any reason (other than a defense of
payment in full in cash), including any claim of waiver, release, surrender, alteration or compromise; 
 (e) any
defense or setoff, counterclaim (other than a defense of payment in full in cash), recoupment or termination whatsoever by reason of the invalidity, illegality, nongenuineness, irregularity, compromise, unenforceability of, or any other event or
occurrence affecting, any Obligations or otherwise; 

  
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 (f) any manner of sale or other disposition of any collateral for all or any
of the Obligations or any other assets of any Obligor or any manner of application of any collateral, or proceeds thereof, to all or any of the Obligations, or 
 (g) any addition, exchange or release of any collateral or of any Person that is (or will become) a guarantor of the Obligations, or any surrender or non perfection of any collateral, or any amendment to
or waiver or release or addition to, or consent to or departure from, any other guaranty held by any Secured Party securing any of the Obligations; 
 (h) any change, restructuring or termination of the corporate structure or existence of any Obligor; 
 (i) any failure of any Secured Party to disclose to any Obligor any matter, fact or thing relating to the business, condition (financial or otherwise), operations, performance, properties or prospects of
any other guarantor now or hereafter known by such Secured Party; 
 (j) the failure of any other Person to
execute or deliver any Guaranty, or any supplement thereto, or any other guaranty or agreement or the release or reduction of liability of any Obligor or surety with respect to the Obligations; or 

(k) any other circumstance which might otherwise constitute a defense available to, or a legal or equitable discharge of,
any Obligor, any surety or any guarantor. 
 Collectively, the foregoing sub-sections (a) through (k) shall be known as the
“Guaranty Absolute Clauses.” 
 Section 10.4 Reinstatement, etc. The Parent agrees that its guaranty
hereunder shall continue to be effective or be reinstated, as the case may be, if at any time any payment (in whole or in part) of any of the Obligations is rescinded or must otherwise be restored by any Secured Party, upon the insolvency,
bankruptcy or reorganization of any other Obligor or otherwise, all as though such payment had not been made. 

Section 10.5 Waiver, etc. The Parent hereby unconditionally and irrevocably waives: 

(a) promptness, diligence, notice of acceptance, presentment, demand for payment or performance, notice of nonpayment or
nonperformance, default, acceleration, protest, notice of protest, or notices of dishonor, all notices of acceptance of this Guaranty or of the existence, creation or incurrence of new or additional Obligations and any other notice with respect to
any of the Obligations and this Guaranty and any requirement that any Secured Party protect, secure, perfect or insure any Lien or any property subject thereto, or exhaust any right or take any action against any Obligor or any other Person
(including any other guarantor) or entity or any collateral securing the Obligations, as the case may be; 

  
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 (b) any defense (i) it may now have or hereafter acquire in any way
relating to any of the Guaranty Absolute Clauses, (ii) arising by reason of any disability or other defense of any Borrower or any other guarantor, or the cessation from any cause whatsoever (including any act or omission of the Lender) of the
liability of the Borrower; or (iii) arising by reason of any claim or defense based upon an election of remedies by any Secured Party that in any manner impairs, reduces, releases or otherwise adversely affects the subrogation, reimbursement,
exoneration, contribution or indemnification rights of the Parent or other rights of the Parent to proceed against any of the other Secured Parties, any other guarantor or any other Person or any collateral; 

(c) the benefit or right to (i) any statute of limitations affecting the Parent’s liability hereunder, or
(ii) participate in any security now or hereafter held by any Secured Party; 
 (d) to the fullest extent
permitted by law, any and all other defenses, benefits or rights that may be derived from or afforded by applicable law limiting the liability of or exonerating guarantors or sureties; 

(e) all setoffs and counterclaims; 

(f) any duty on the part of any Secured Party to disclose to such Subsidiary Guarantor any matter, fact or thing relating
to the business, condition (financial or otherwise), operations, performance, properties or prospects of any other guarantor now or hereafter known by such Secured Party; and 

(g) any right to revoke this Guaranty, and further acknowledges that this Guaranty is continuing in nature and applies to
all Obligations, whether existing now or in the future. 
 Section 10.6 Postponement of Subrogation, etc. The Parent
agrees that it will not exercise any rights which it may acquire by way of rights of subrogation under any Loan Document to which it is a party, nor shall the Parent seek or be entitled to seek any contribution or reimbursement from any Obligor, in
respect of any payment made hereunder, under any other Loan Document or otherwise, until following the Termination Date. Any amount paid to the Parent on account of any such subrogation rights prior to the Termination Date shall be held in trust for
the benefit of the Secured Parties and shall immediately be paid and turned over to the Collateral Agent for the benefit of the Secured Parties in the exact form received by the Parent (duly endorsed in favor of the Collateral Agent, if required),
to be credited and applied against the Obligations, whether matured or unmatured, in accordance with Section 4.7; provided, that (a) if the Parent makes payment to the Secured Parties of all or any part of the Obligations; and (b) the
Termination Date has occurred; then at the Parent’s request, the Administrative Agent (on behalf of the Secured Parties) will, at the expense of the Parent, execute and deliver to the Parent appropriate documents (without recourse and without
representation or warranty) necessary to evidence the transfer by subrogation to the Parent of an interest in the Obligations resulting from 

  
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such payment described in clause (a) above. In furtherance of the foregoing, at all times prior to the Termination Date the Parent shall refrain from taking any action or commencing any
proceeding against any Obligor (or its successors or assigns, whether in connection with a bankruptcy proceeding or otherwise) to recover any amounts in respect of payments made under any Loan Document to any Secured Party. 

Section 10.7 Payments Made by the Parent. The Parent agrees that all payments made by it in its capacity as a Guarantor
hereunder will be made to the Collateral Agent in accordance with Sections 4.6 and 4.7. The Parent agrees to comply with and be bound by the provisions of Sections 4.6 and 4.7 in respect of all payments made by it in its capacity as a
Guarantor hereunder and the provisions of which Sections are hereby incorporated into and made a part of this Article X by this reference as if set forth herein; provided, that references to the “Borrower” in such Sections shall be
deemed to be references to the Parent in its capacity as a Guarantor. The Parent agrees that all payments made by it in its capacity as a Guarantor hereunder shall be applied upon receipt as set forth in clause (b) of Section 4.7.

 ARTICLE XI 
 ADMINISTRATIVE AGENT 
 Section 11.1 Appointment and Authority. Each
of the Lenders and the Issuer hereby irrevocably appoints Bank of America, N.A. to act on its behalf as the Administrative Agent hereunder and under the other Loan Documents and authorizes the Administrative Agent to take such actions on its behalf
and to exercise such powers as are delegated to the Administrative Agent by the terms hereof or thereof, together with such actions and powers as are reasonably incidental thereto. The provisions of this Article are solely for the benefit of
the Administrative Agent, the Lenders and the Issuer, and neither the Borrower nor any other Obligor 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 the Administrative Agent is not intended to connote any fiduciary or other implied (or express) obligations arising under agency doctrine of any applicable law.
Instead such term is used as a matter of market custom, and is intended to create or reflect only an administrative relationship between contracting parties. 
 Section 11.2 Rights as a Lender. The Person serving as the Administrative Agent hereunder shall have the same rights and powers in its capacity as a Lender as any other Lender and may exercise the
same as though it were not the Administrative Agent and the term “Lender” or “Lenders” shall, unless otherwise expressly indicated or unless the context otherwise requires, include the Person serving as the Administrative Agent
hereunder in its individual capacity. Such Person and its Affiliates may accept deposits from, lend money to, own securities of, act as the financial advisor or in any other advisory capacity for and generally engage in any kind of business with the
Borrowers or either of them or any Subsidiary or other Affiliate thereof as if such Person were not the Administrative Agent hereunder and without any duty to account therefor to the Lenders. 

  
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 Section 11.3 Exculpatory Provisions. The Administrative Agent shall not 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, the Administrative Agent: 

(a) shall not be subject to any fiduciary or other implied duties, regardless of whether a Default has occurred and is
continuing; 
 (b) shall not have any duty to take any discretionary action or exercise any discretionary powers,
except discretionary rights and powers expressly contemplated hereby or by the other Loan Documents that the Administrative Agent is required to exercise as directed in writing by the Required Lenders (or such other number or percentage of the
Lenders as shall be expressly provided for herein or in the other Loan Documents), provided that the Administrative Agent shall not be required to take any action that, in its opinion or the opinion of its counsel, may expose the
Administrative Agent to liability or that is contrary to any Loan Document or applicable law, including for the avoidance of doubt any action that may be in violation of the automatic stay under any Debtor Relief Law or that may effect a forfeiture,
modification or termination of property of a Defaulting Lender in violation of any Debtor Relief Law; and 
 (c)
shall not, except as expressly set forth herein and in the other Loan Documents, have any duty to disclose, and shall not be liable for the failure to disclose, any information relating to the Borrower or any of its Affiliates that is communicated
to or obtained by the Person serving as the Administrative Agent or any of its Affiliates in any capacity. 
 The Administrative
Agent shall not be liable for any action taken or not taken by it (i) with the consent or at the request of the Required Lenders (or such other number or percentage of the Lenders as shall be necessary, or as the Administrative Agent shall
believe in good faith shall be necessary, under the circumstances as provided in Sections 12.1 and 8.3) or (ii) in the absence of its own gross negligence or wilful misconduct as determined by a court of competent
jurisdiction by final and nonappealable judgment. The Administrative Agent shall be deemed not to have knowledge of any Default unless and until notice describing such Default is given in writing to the Administrative Agent by the Borrower, a Lender
or the Issuer. 
 The Administrative Agent shall not be responsible for or have any duty to ascertain or inquire into
(i) any statement, warranty or representation made in or in connection with this Agreement or any other Loan Document, (ii) the contents of any certificate, report or other document delivered hereunder or thereunder or in connection
herewith or therewith, (iii) the performance or observance of any of the covenants, agreements or other terms or conditions set forth herein or therein or the occurrence of any Default, (iv) the validity, enforceability, effectiveness or
genuineness of this Agreement, any other Loan Document or any other agreement, instrument or document or (v) the satisfaction of any condition set forth in Article 5 or elsewhere herein, other than to confirm receipt of items
expressly required to be delivered to the Administrative Agent. 
 Section 11.4 Reliance by Administrative Agent. The
Administrative Agent shall be entitled to rely upon, and shall not incur any liability for relying upon, any notice, request, certificate, consent, statement, instrument, document or other writing (including any 

  
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electronic message, Internet or intranet website posting or other distribution) believed by it to be genuine and to have been signed, sent or otherwise authenticated by the proper Person. The
Administrative Agent also may rely upon any statement made to it orally or by telephone and believed by it to have been made by the proper Person, and shall not incur any liability for relying thereon. In determining compliance with any condition
hereunder to the making of a Loan, or the issuance, extension, renewal or increase of a Letter of Credit, that by its terms must be fulfilled to the satisfaction of a Lender or the Issuer, the Administrative Agent may presume that such condition is
satisfactory to such Lender or the Issuer unless the Administrative Agent shall have received notice to the contrary from such Lender or the Issuer prior to the making of such Loan or the issuance of such Letter of Credit. The Administrative Agent
may consult with legal counsel (who may be counsel for the 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. 
 Section 11.5 Delegation of Duties. Each of the Administrative Agent and the Collateral
Agent may perform any and all of its duties and exercise its rights and powers hereunder or under any other Loan Document by or through any one or more sub-agents appointed by the Administrative Agent or the Collateral Agent, as the case may be,
including, without limitation, the Canadian Administrative Agent and the Canadian Collateral Agent. Each of the Administrative Agent and the Collateral Agent, as applicable, 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 Article shall apply to any such sub-agent and to the Related Parties of the Administrative Agent and the Collateral Agent, as applicable,
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 Administrative Agent and as Collateral Agent, as applicable. Neither the
Administrative Agent nor the Collateral 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 the
Administrative Agent or the Collateral Agent, as applicable, acted with gross negligence or willful misconduct in the selection of such sub-agents. 
 Section 11.6 Resignation of Administrative Agent. 
 (a) The
Administrative Agent may at any time give notice of its resignation to the Lenders, the Issuer and the Borrower. Upon receipt of any such notice of resignation, the Required Lenders shall have the right, in consultation with the Borrower, to appoint
a successor, 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 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 and the Issuer, appoint a successor Administrative Agent meeting the qualifications set forth above. Whether or not a successor has been appointed, such resignation shall become
effective in accordance with such notice on the Resignation Effective Date. 

  
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 (b) If the Person serving as Administrative Agent is a Defaulting Lender pursuant to
clause (d) of the definition thereof, the Required Lenders may, to the extent permitted by applicable law, by notice in writing to the Borrower and such Person remove such Person as Administrative Agent and, in consultation with the Borrower,
appoint a successor. If no such successor shall have been so appointed by the Required Lenders and shall have accepted such appointment within 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) (1) 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 or the Issuer 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 (2) 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 and the Issuer 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 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 the Borrower
to a successor Administrative Agent shall be the same as those payable to its predecessor unless otherwise agreed between the Borrower and such successor. After the retiring or removed Administrative Agent’s resignation or removal hereunder and
under the other Loan Documents, the provisions of this Article and Section 12.4 shall continue in effect for the benefit of such retiring or removed Administrative Agent, its sub-agents and their respective Related Parties in
respect of any actions taken or omitted to be taken by any of them while the retiring or removed Administrative Agent was acting as Administrative Agent. 
 (d) Any resignation by Bank of America, N.A. as Administrative Agent pursuant to this Section shall also constitute its resignation as Issuer, as Canadian Administrative Agent and as Swing Line
Lender. If Bank of America, N.A. resigns as the Issuer, it shall retain all the rights, powers, privileges and duties of the Issuer hereunder with respect to all Letters of Credit outstanding as of the effective date of its resignation as Issuer and
all Letter of Credit Outstandings with respect thereto, including the right to require the Lenders to make Base Rate Loans or Canadian Prime Rate Loans or fund risk participations in Reimbursement Obligations pursuant to Section 2.6.3.
If Bank of America, N.A. resigns as Swing Line Lender, it shall retain all the rights of the Swing Line Lender provided for hereunder with respect to Swing Line Loans made by it and outstanding as of the effective date of such resignation, including
the right to require the Lenders to make Base Rate Loans or Canadian Prime Rate Loans or fund risk participations in outstanding Swing Line Loans pursuant to Section 2.3.2. Upon the appointment

  
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by the Borrower of a successor Issuer or Swing Line Lender hereunder (which successor shall in all cases be a Lender other than a Defaulting Lender), (a) such successor shall succeed to and
become vested with all of the rights, powers, privileges and duties of the retiring Issuer or Swing Line Lender, as applicable, (b) the retiring Issuer and Swing Line Lender shall be discharged from all of their respective duties and
obligations hereunder or under the other Loan Documents, and (c) the successor Issuer shall issue letters of credit in substitution for the Letters of Credit, if any, outstanding at the time of such succession or make other arrangements
satisfactory to Bank of America, N.A. to effectively assume the obligations of Bank of America, N.A. with respect to such Letters of Credit. 
 Section 11.7 Non-Reliance on Administrative Agent and Other Lenders. Each Lender and the Issuer acknowledges that it has, independently and without reliance upon the Administrative Agent or any
other Lender or any of their Related Parties and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement. Each Lender and the Issuer also acknowledges that it will,
independently and without reliance upon the Administrative Agent or any other Lender or any of their Related Parties and based on such documents and information as it shall from time to time deem appropriate, continue to make its own decisions in
taking or not taking action under or based upon this Agreement, any other Loan Document or any related agreement or any document furnished hereunder or thereunder. 
 Section 11.8 No Other Duties, Etc. Anything herein to the contrary notwithstanding, none of the Bookrunners, Arrangers or Syndication Agent listed on the cover page hereof shall have any powers,
duties or responsibilities under this Agreement or any of the other Loan Documents, except in its capacity, as applicable, as the Administrative Agent, a Lender or the Issuer hereunder. 

Section 11.9 Administrative Agent May File Proofs of Claim. In case of the pendency of any proceeding under any Debtor Relief Law
or any other judicial proceeding relative to any Obligor, the Administrative Agent (irrespective of whether the principal of any Loan or L/C Obligation shall then be due and payable as herein expressed or by declaration or otherwise and irrespective
of whether the Administrative Agent shall have made any demand on the Borrower) shall be entitled and empowered, 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,
Letter of Credit Outstandings 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 Lenders, the Issuer and the Administrative Agent (including any
claim for the reasonable compensation, expenses, disbursements and advances of the Lenders, the Issuer and the Administrative Agent and their respective agents and counsel and all other amounts due the Lenders, the Issuer and the Administrative
Agent under Sections 3.3, 12.3 and 12.4) allowed in such judicial proceeding; and 

(b) to collect and receive any monies or other property payable or deliverable on any such claims and to distribute the
same; 

  
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 and any custodian, receiver, interim receiver, assignee, trustee, liquidator, sequestrator or other similar
official in any such judicial proceeding is hereby authorized by each Lender and the Issuer 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 and the Issuer, 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 3.3, 12.3 and 12.4. 
 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 or the Issuer any proposal or plan of reorganization, compromise, arrangement, adjustment or composition affecting the Obligations or the rights of any Lender
or the Issuer to authorize the Administrative Agent to vote in respect of the claim of any Lender or the Issuer in any such proceeding. 
 Section 11.10 Collateral and Guaranty Matters. Without limiting the provisions of Section 11.9, the Lenders and the Issuer irrevocably authorize the Administrative Agent, at its option and in
its discretion, 
 (a) to release, or cause the Collateral Agent to release, any Lien on any property granted
to or held by the Administrative Agent or by the Collateral Agent under any Loan Document (i) upon termination of the Commitments and payment in full of all Obligations (other than contingent indemnification obligations) and the expiration or
termination of all Letters of Credit (other than Letters of Credit as to which other arrangements satisfactory to the Administrative Agent and the Issuer shall have been made), (ii) that is sold or otherwise disposed of or to be sold or
otherwise disposed of as part of or in connection with any sale or other disposition permitted hereunder or under any other Loan Document, or (iii) subject to Section 12.1, if approved, authorized or ratified in writing by the
Required Lenders; 
 (b) to subordinate, or cause the Collateral Agent to subordinate, any Lien on any property
granted to or held by the Administrative Agent or by the Collateral Agent under any Loan Document to the holder of any Lien on such property that is permitted by Section 7.2.3(e); and 

(c) to release any Guarantor from its obligations under the Guaranty and any Security Agreement executed and delivered by
it if such Person ceases to be a Subsidiary as a result of a transaction permitted under the Loan Documents, or ceases to be a Material Subsidiary in accordance with Section 7.1.12. 

Upon request by the Administrative Agent at any time, the Required Lenders will confirm in writing the Administrative Agent’s
authority to release or subordinate its interest, or to cause the release or subordination of the Collateral Agent’s interest, in particular types or items of property, or to release or cause the release of any Guarantor from its obligations
under the Guaranty or any Security Agreement executed and delivered by it pursuant to this Section 11.10. 
 The
Administrative Agent shall not be responsible for or have a duty to ascertain or inquire into any representation or warranty regarding the existence, value or collectability of the collateral, the existence, priority or perfection of the
Administrative Agent’s Lien thereon, or any certificate prepared by any Obligor in connection therewith, nor shall the Administrative Agent be responsible or liable to the Lenders for any failure to monitor or maintain any portion of the
collateral. 

  
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 ARTICLE XII 

MISCELLANEOUS PROVISIONS 
 Section 12.1 Waivers, Amendments, etc. The provisions of each Loan Document (other than Cash Management Agreements, Rate Protection Agreements and the Letters of Credit and the Administrative
Agent Fee Letter, which shall be modified only in accordance with their respective terms) may from time to time be amended, modified or waived, if such amendment, modification or waiver is in writing and consented to by the Borrowers and the
Required Lenders and acknowledged by the Administrative Agent; provided that, no such amendment, modification or waiver shall: 
 (a) modify clause (b) of Section 4.7, Section 4.8 (as it relates to sharing of payments) or this Section, in each case, without the consent of all Lenders; 

(b) increase the aggregate amount of any Credit Extensions required to be made by a Lender pursuant to its Commitments,
extend the final Commitment Termination Date of Credit Extensions made (or participated in) by a Lender or extend the final Stated Maturity Date for any Lender’s Loan, in each case without the consent of such Lender; 

(c) reduce (by way of forgiveness), the principal amount of or reduce the rate of interest on any Lender’s Loan,
reduce any fees described in Article III payable to any Lender or extend the date on which interest or fees or any scheduled payment (but not prepayments) of principal are payable in respect of such Lender’s Loans, in each case
without the consent of such Lender; provided that, the vote of Required Lenders shall be sufficient to waive the payment, or reduce the increased portion, of interest accruing under Section 3.2.2; and provided,
further that the Stated Maturity Date in respect of all of the Loans and Commitments of any Lender in respect of the Term Loans or the Revolving Loan Commitments may be extended with the consent of such Lender, and such consent shall be
sufficient without the consent of the Required Lenders or any other Person; 
 (d) reduce the percentage set
forth in the definition of “Required Lenders” or modify any requirement hereunder that any particular action be taken by all Lenders without the consent of all Lenders; 

(e) increase the Stated Amount of any Letter of Credit unless consented to by the Issuer of such Letter of Credit (and the
consent of such Issuer shall be sufficient without the consent of the Required Lenders or any other Person); 

(f) except as otherwise expressly provided in a Loan Document, release (i) any Borrower from its Obligations under
the Loan Documents or all or substantially all of the value of the Guaranty or (ii) all or substantially all of the collateral under the Loan Documents, in each case without the consent of all Lenders; or 

  
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 (g) affect adversely the interests, rights or obligations of the
Administrative Agent (in its capacity as an Administrative Agent), the Swing Line Lender (in its capacity as the Swing Line Lender) or the Issuer (in its capacity as the Issuer), unless consented to by such Administrative Agent, such Swing Line
Lender or such Issuer, as the case may be. 
 No failure or delay on the part of any Secured Party in exercising any power or right under any
Loan Document shall operate as a waiver thereof, nor shall any single or partial exercise of any such power or right preclude any other or further exercise thereof or the exercise of any other power or right. No notice to or demand on any Obligor in
any case shall entitle it to any notice or demand in similar or other circumstances. No waiver or approval by any Secured Party under any Loan Document shall, except as may be otherwise stated in such waiver or approval, be applicable to subsequent
transactions. No waiver or approval hereunder shall require any similar or dissimilar waiver or approval thereafter to be granted hereunder. 
 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 (z) the Commitment of any Defaulting Lender may not be increased or
extended without the consent of such Lender and (y) any waiver, amendment or modification requiring the consent of all Lenders or each affected Lender that by its terms affects any Defaulting Lender disproportionately and adversely relative to
other affected Lenders shall require the consent of such Defaulting Lender. The rights of Sponsor Permitted Assignees are set forth in and subject to Section 12.10.2(f). 

Any term or provision of this Section 12.1 to the contrary notwithstanding, if the Administrative Agent and the Borrowers
shall have jointly identified an obvious error or any error or omission of a technical or immaterial nature in any provision of the Loan Documents, then the Administrative Agent and the Borrowers shall be permitted to amend such provision and such
amendment shall become effective without any further action or consent of any other party to any Loan Document. 

Section 12.2 Notices; Time. (a) Notices Generally. Except in the case of notices and other communications expressly
permitted to be given by telephone (and except as provided in subsection (b) below), all notices and other communications provided for herein shall be in writing and shall be delivered by hand or overnight courier service, mailed by certified
or registered mail or sent by facsimile as follows, and all notices and other communications expressly permitted hereunder to be given by telephone shall be made to the applicable telephone number, as follows: 

(a) if to the Borrowers or any other Obligor, the Administrative Agent, the Issuer or the Swing Line Lender, to the
address, facsimile number, electronic mail address or telephone number specified for such Person on Schedule 12.2; and 

  
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 (b) if to any other Lender, to the address, facsimile number, electronic
mail address or telephone number specified in its Administrative Questionnaire (including, as appropriate, notices delivered solely to the Person designated by a Lender on its Administrative Questionnaire then in effect for the delivery of notices
that may contain material non-public information relating to the Borrower). 
 Notices and other communications sent by hand or overnight
courier service, or mailed by certified or registered mail, shall be deemed to have been given when received; notices and other communications 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 and other communications delivered through electronic communications to the extent provided in
subsection (b) below, shall be effective as provided in such subsection (b). 
 (b) Electronic
Communications. Notices and other communications to the Lenders and the Issuer 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 or the Issuer pursuant to Article II if such Lender or the Issuer, as applicable, has notified the Administrative Agent that it is
incapable of receiving notices under such Article by electronic communication. The Administrative Agent, the Swingline Lender, the Issuer or the 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. 

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), 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. 
 (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 Borrower, any Lender, the Issuer or any other Person for losses, claims, damages, liabilities or expenses of any kind (whether in tort, contract or otherwise)
arising out of the Borrower’s, any Obligor’s or the Administrative Agent’s transmission of Borrower Materials through the Internet. 

  
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 (d) Change of Address, Etc. Each of the Borrower, the Administrative Agent, the
Issuer and the Swing Line Lender may change its address, facsimile or telephone number for notices and other communications hereunder by notice to the other parties hereto. Each other Lender may change its address, facsimile or telephone number for
notices and other communications hereunder by notice to the Borrower, the Administrative Agent, the Issuer and the Swing Line Lender. 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, facsimile 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 Borrower or its securities for purposes of United States Federal
or state securities laws. 
 (e) Reliance by Administrative Agent, Issuer and Lenders. The Administrative Agent,
the Issuer and the Lenders shall be entitled to rely and act upon any notices (including telephonic or electronic Committed Loan Notices, Letter of Credit Applications and Swing Line Loan Notices) purportedly given by or on behalf of the 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. The Borrowers shall indemnify the Administrative Agent, the Issuer, 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 the Borrowers. All telephonic notices to and other telephonic communications with the Administrative Agent may be recorded by the Administrative Agent, and each of the parties hereto hereby consents to such
recording. 
 Section 12.3 Payment of Costs and Expenses. The Borrowers agree to pay on demand all reasonable expenses
of the Agents (including the reasonable fees and out-of-pocket expenses of Shearman & Sterling LLP, U.S. counsel to the Agents, Borden Ladner Gervais LLP, Canadian counsel to the Agents, and of up to one local counsel in each applicable
local jurisdiction who may be retained by or on behalf of the Agents); provided that any fees attributable to (i) the Canadian Loans shall be the primary liability of the Parent, and (ii) the U.S. Loans shall be the primary liability of
the U.S. Borrower, in connection with: 
 (a) (i) transportation, reproduction, printing, distribution,
meetings and other reasonable out-of-pocket expenses of the Arrangers associated with the syndication of the Obligations and (ii) due diligence, appraisal, audit, insurance and consultant expenses of the Arrangers; 

(b) the negotiation, preparation, execution and delivery of each Loan Document, including schedules and exhibits, and any
amendments, waivers, consents, supplements or other modifications to any Loan Document as may from time to time hereafter be required, whether or not the transactions contemplated hereby are consummated (including in the case of the Administrative
Agent and its Related Parties only, the administration of this Agreement and the other Loan Documents); 

  
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 (c) the filing or recording of any Loan Document (including the Filing
Statements) and all amendments, supplements, amendment and restatements and other modifications to any thereof, searches made in jurisdictions where Filing Statements (or other documents evidencing Liens in favor of the Secured Parties) have been
recorded and any and all other documents or instruments of further assurance required to be filed or recorded by the terms of any Loan Document; and 
 (d) the preparation and review of the form of any document or instrument relevant to any Loan Document. 
 Each Borrower further agrees to pay, and to save each Secured Party harmless from all liability for, any stamp or other taxes which may be payable in connection with the execution or delivery of each Loan
Document, the Credit Extensions or the issuance of the Notes and the Acceptance Notes. Each Borrower also agrees to reimburse the Administrative Agent (in the case of clauses (x) and (y) below) and each other Secured Party
(in the case of clause (y) below) upon demand for all reasonable out-of-pocket expenses (including reasonable attorneys’ fees and legal expenses of counsel to the Administrative Agent (and, in the case of clause (y)
below, each other Secured Party)) incurred by the Administrative Agent (and, in the case of clause (y) below, each other Secured Party) in connection with (x) the negotiation of any restructuring or “work-out” with the
Borrowers, whether or not consummated, of any Obligations and (y) the enforcement of any Obligations. 
 Section 12.4
Indemnification. In consideration of the execution and delivery of this Agreement by each Secured Party, the Borrowers hereby indemnify, exonerate and hold each Agent and Secured Party and each of their respective Related Parties (collectively,
the “Indemnified Parties”) free and harmless from and against any and all claims, actions, causes of action, suits, litigations, proceedings, losses, costs, liabilities and damages, and expenses incurred in connection therewith, other than
in connection with Taxes, which are governed exclusively by Section 4.6 hereof (unless such Taxes represent losses, claims or damages arising from any non-Tax claim), irrespective of whether any such Indemnified Party is a party to the action
for which indemnification hereunder is sought and including any actual or prospective claim, suit, litigation, investigation, cause of action or proceeding and whether based in contract, tort or any other theory, including reasonable attorneys’
fees and disbursements, whether incurred in connection with actions between or among the parties hereto or the parties hereto and third parties (collectively, the “Indemnified Liabilities”), incurred by the Indemnified Parties or any of
them as a result of, or arising out of, or relating to: 
 (a) any Credit Extension or any use or proposed
use of the proceeds of any Credit Extension (including any refusal by the Issuer to honor a demand for payment under a Letter of Credit if the documents presented in connection with such demand do not strictly comply with the term of such Letter of
Credit); 

  
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 (b) the entering into and performance of any Loan Document or any agreement
or instrument contemplated by any Loan Document by any of the Indemnified Parties; 
 (c) any investigation by a
Governmental Authority, litigation or proceeding related to any environmental cleanup, audit, compliance or other matter relating to the protection of the environment or the Release by any Obligor or any Subsidiary thereof of any Hazardous Material;

 (d) the presence on or under, or the escape, seepage, leakage, spillage, discharge, emission, discharging or
releases from, any real property owned or operated by any Obligor or any Subsidiary thereof of any Hazardous Material (including any losses, liabilities, damages, injuries, costs, expenses or claims asserted or arising under any Environmental Law),
regardless of whether caused by, or within the control of, such Obligor or Subsidiary; or 
 (e) each
Lender’s Environmental Liability (the indemnification herein shall survive repayment of the Obligations and any transfer of the property of any Obligor or its Subsidiaries by foreclosure or by a deed in lieu of foreclosure for any Lender’s
Environmental Liability, regardless of whether caused by, or within the control of, such Obligor or such Subsidiary); 
 except for Indemnified
Liabilities arising for the account of a particular Indemnified Party by reason of such Indemnified Party’s gross negligence, willful misconduct or bad faith. The Obligors shall not be required to reimburse the legal fees and expenses of more
than one outside U.S. counsel and one outside Canadian counsel (in addition to up to one local counsel in each applicable local jurisdiction) for all Indemnified Parties under this Section 12.4 unless on advice of outside counsel to such
Indemnified Parties, representation of all such Indemnified Parties would be inappropriate due to the existence of an actual or potential conflict of interest (in which case the Obligors shall reimburse the reasonable fees and expenses of one
additional U.S., Canadian and local counsel in each relevant jurisdiction for each group of Indemnified Parties similarly situated that is subject to such conflict or potential conflict of interest). Each Obligor and its successors and assigns
hereby waive, release and agree not to make any claim or bring any cost recovery action against, any Indemnified Party under CERCLA or any state or provincial equivalent, or any similar law now existing or hereafter enacted in any relevant
jurisdiction. It is expressly understood and agreed that to the extent that any Indemnified Party is strictly liable under any Environmental Laws, each Obligor’s obligation to such Indemnified Party under this indemnity shall likewise be
without regard to fault on the part of any Obligor with respect to the violation or condition which results in liability of an Indemnified Party. If and to the extent that the foregoing undertaking may be unenforceable for any reason, each Obligor
agrees to make the maximum contribution to the payment and satisfaction of each of the Indemnified Liabilities which is permissible under applicable law. To the extent permitted by applicable law, no Borrower shall assert, and each Borrower hereby
waives, any claim against any Indemnified Party on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement or
any other Loan Document, any Credit Extension or the use of the proceeds thereof. 
 To the extent that the Borrower for any
reason fails to indefeasibly pay any amount required under this Section to be paid by it to the Administrative Agent (or any sub-agent thereof), the Issuer, the Swing Line Lender or any Related Party of any of the foregoing, each Lender
severally agrees to pay to the Administrative Agent (or any such sub-agent), the Issuer, the Swing Line Lender or such Related Party, as the case may be, such Lender’s pro rata share (determined as of the time that the applicable unreimbursed
expense or indemnity payment is sought based on each Lender’s share of the Total Credit Exposure at such time) of such unpaid 

  
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amount (including any such unpaid amount in respect of a claim asserted by such Lender), such payment to be made severally among them based on such Lenders’ Applicable Percentage (determined
as of the time that the applicable unreimbursed expense or indemnity payment is sought), provided, further that, the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or
asserted against the Administrative Agent (or any such sub-agent), the Issuer or the Swing Line Lender in its capacity as such, or against any Related Party of any of the foregoing acting for the Administrative Agent (or any such sub-agent), the
Issuer or the Swing Line Lender in connection with such capacity. The obligations of the Lenders under this subsection (c) are several and not joint. 
 Section 12.5 Survival. The obligations of the Borrowers under Sections 4.3, 4.4, 4.5, 4.6, 4.7, 12.3 and 12.4 and the obligations of the Lenders under Section 2.6.2, shall in each case
survive any assignment from one Lender to another and the occurrence of the Termination Date. The representations and warranties made by each Obligor in each Loan Document shall survive the execution and delivery of such Loan Document.

 Section 12.6 Severability. Any provision of any Loan Document which is prohibited or unenforceable in any
jurisdiction shall, as to such provision and such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions of such Loan Document or affecting the validity or enforceability of
such provision in any other jurisdiction. The parties shall endeavor in good faith negotiations to replace the prohibited or unenforceable provisions with valid provisions the economic effect of which comes as close as possible. 

Section 12.7 Headings. The various headings of each Loan Document are inserted for convenience only and shall not affect the
meaning or interpretation of such Loan Document or any provisions thereof. 
 Section 12.8 Execution in
Counterparts, Effectiveness, etc. This Agreement may be executed by the parties hereto in several counterparts, each of which shall be an original and all of which shall constitute together but one and the same agreement. This Agreement shall become
effective when counterparts hereof executed and delivered on behalf of each Borrower, the Administrative Agent, the Collateral Agent and each Lender, shall have been received by the Administrative Agent. 

Section 12.9 Governing Law; Entire Agreement. EACH LOAN DOCUMENT (EXCEPT AS OTHERWISE EXPRESSLY SET FORTH IN A LOAN DOCUMENT)
WILL EACH BE DEEMED TO BE A CONTRACT MADE UNDER AND GOVERNED BY THE INTERNAL LAWS OF THE STATE OF NEW YORK (INCLUDING FOR SUCH PURPOSE SECTIONS 5-1401 AND 5-1402 OF THE GENERAL OBLIGATIONS LAW OF THE STATE OF NEW YORK). The Loan Documents
constitute the entire understanding among the parties hereto with respect to the subject matter thereof and supersede any prior agreements, written or oral, with respect thereto. 

  
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 Section 12.10 Successors and Assigns. 

Section 12.10.1 Successors and Assigns Generally. The provisions of this Agreement shall be binding upon and inure to the
benefit of the parties hereto and their respective successors and assigns permitted hereby, except that neither the Borrower nor any other Obligor may assign or otherwise transfer any of its rights or obligations hereunder without the prior written
consent of the Administrative Agent and each Lender and no Lender may assign or otherwise transfer any of its rights or obligations hereunder except (i) to an assignee in accordance with the provisions of Section 12.10.2,
(ii) by way of participation in accordance with the provisions of Section 12.10.4, or (iii) by way of pledge or assignment of a security interest subject to the restrictions of Section 12.10.5 (and any other
attempted assignment or transfer by any party hereto shall be null and void). Nothing in this Agreement, expressed or implied, shall be construed to confer upon any Person (other than the parties hereto, their respective successors and assigns
permitted hereby, Participants to the extent provided in Section 12.10.4 and, to the extent expressly contemplated hereby, the Related Parties of each of the Administrative Agent, the Issuer and the Lenders) any legal or equitable right,
remedy or claim under or by reason of this Agreement. 
 Section 12.10.2 Assignments by Lenders. Any Lender may at
any time assign to one or more assignees all or a portion of its rights and obligations under this Agreement (including all or a portion of its Commitment and the Loans (including for purposes of this Section 12.10.2, participations in
Letter of Credit Outstandings and in Swing Line Loans) at the time owing to it); provided that (in each case with respect to any facility provided in this agreement) any such assignment shall be subject to the following conditions:

 (a) Minimum Amounts. 
 (i) in the case of an assignment of the entire remaining amount of the assigning Lender’s Commitment under any Commitment and/or the Loans at the time owing to it (in each case with respect to any
Commitment) or contemporaneous assignments to related Approved Funds that equal at least the amount specified in paragraph (a)(ii) of this Section in the aggregate or in the case of an assignment to a Lender, an Affiliate of a Lender or an
Approved Fund, no minimum amount need be assigned; and 
 (ii) in any case not described in
subsection (a)(i) of this Section, the aggregate amount of the Commitment (which for this purpose includes Loans outstanding thereunder) or, if the applicable Commitment is not then in effect, the principal outstanding balance of the Loans of
the assigning Lender subject to each such assignment, determined as of the date the Lender Assignment Agreement with respect to such assignment is delivered to the Administrative Agent or, if “Trade Date” is specified in the Lender
Assignment Agreement, as of the Trade Date, shall not be less than $5,000,000, in the case of any assignment in respect of the Revolving Loan Commitment, or $1,000.000, in the case of any assignment in respect of the Term Loan Commitment unless each
of the Administrative Agent and, so long as no Event of Default has occurred and is continuing, the Borrower otherwise consents (each such consent not to be unreasonably withheld or delayed). 

  
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 (b) Proportionate Amounts. Each partial assignment shall be made as
an assignment of a proportionate part of all the assigning Lender’s rights and obligations under this Agreement with respect to the Loans or the Commitment assigned, except that this subsection (b) shall not (i) apply to the Swing
Line Lender’s rights and obligations in respect of Swing Line Loans or (ii) prohibit any Lender from assigning all or a portion of its rights and obligations among the revolving credit facility and term loan facilities provided for
hereunder on a non-pro rata basis. 
 (c) Required Consents. No consent shall be required for any
assignment except to the extent required by subsection (a)(ii) of this Section and, in addition: 
 (i)
the consent of the Borrower (such consent not to be unreasonably withheld or delayed provided that the Borrower shall be deemed to be reasonably withholding its consent in the event that such proposed assignment is to a Disqualified Lender) shall be
required unless (1) an Event of Default has occurred and is continuing at the time of such assignment or (2) such assignment is to a Lender, an Affiliate of a Lender or an Approved Fund; provided that the Borrower shall be deemed to
have consented to any such assignment unless it shall object thereto by written notice to the Administrative Agent within ten (10) days after having received notice thereof; and provided, further, that the Borrower’s consent
shall not be required during the primary syndication of the Commitments and Loans; provided that Disqualified Lenders shall not be included in the primary syndication; 

(ii) the consent of the Administrative Agent (such consent not to be unreasonably withheld or delayed) shall be required
if such assignment is to a Person that is not a Lender, an Affiliate of such Lender or an Approved Fund with respect to such Lender; and 
 (iii) the consent of the Issuer and the Swing Line Lender shall be required for any assignment in respect of the Revolving Loan Commitment. 

(d) Lender Assignment Agreement. The parties to each assignment shall execute and deliver to the Administrative
Agent a Lender Assignment Agreement, 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. The assignee, if it is not a Lender, shall deliver to the Administrative Agent an Administrative Questionnaire. 
 (e) No Assignment to Certain Persons. No such assignment shall be made (A) to the Borrower, the Sponsor (except as provided in Section 12.10.2(f)), any STM Investment Affiliate
(except as provided in Section 12.10.2(f)) or any of their respective Affiliates or Subsidiaries, (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 or (D) to a Disqualified Lender. 

  
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 (f) (i) Subject to Section 12.10.2(a), (b), (c),
(d) and this Section 12.10.2(f), any Lender shall have the right at any time to assign all or a portion of its Term Loans to the Sponsor and its Affiliates and to any STM Investment Affiliate (other than, in each case, Parent
and its Subsidiaries, any portfolio or operating company and any natural person) (the “Sponsor Permitted Assignees”) to the extent (and only to the extent) that: 

(A) the aggregate principal amount of all Term Loans which may be assigned to the Sponsor Permitted Assignees shall in no
event exceed, as calculated at the time of the consummation of any aforementioned assignments, 15% of the aggregate principal amount of the Term Loans outstanding at such time (such percentage, the “Affiliated Lender Cap”);

 (B) for the avoidance of doubt, Lenders shall not be permitted to assign Revolving Loan Commitments or
Revolving Loans to a Sponsor Permitted Assignee and any purported assignment of Revolving Loan Commitments or Revolving Loans to a Sponsor Permitted Assignee shall be null and void; 

(C) each Sponsor Permitted Assignee shall represent to the Lender assigning such Term Loans and the Administrative Agent,
and in the case such Sponsor Permitted Assignee is an assignor, to the prospective Lender assuming such Term Loans, as of the effective date of any assignment that neither it, nor any Person that directly or indirectly Controls it, is in possession
of any material non public information regarding Parent, Borrower and its Subsidiaries, or their respective assets or securities, that has not been disclosed generally to the Lenders which are not “public side” Lenders prior to such date;
and 
 (D) (i) the assigning Lender and the Sponsor Permitted Assignee purchasing such Lender’s Term Loans
shall execute and deliver to the Administrative Agent an assignment agreement substantially in the form of Exhibit J-1 hereto (a “Sponsor Permitted Assignee Assignment Agreement”) or such other form as may be provided to by
the Administrative Agent to Borrowers and which other form is reasonably acceptable to the Administrative Agent and (ii) the Administrative Agent shall have consented to such assignment (such consent not to be withheld unless the Agent shall
believe that Section 12.10.2 would be violated by such assignment). 
 (ii) Notwithstanding anything
to the contrary in this Agreement, no Sponsor Permitted Assignee shall have any right to (A) attend (including by telephone) any meeting or discussions (or portion thereof) among the Administrative Agent or any Lender to which representatives
of the Obligors are not invited, or (B) receive any information or material prepared by Administrative Agent or any Lender or any communication by or among Administrative Agent and/or one or more Lenders, except to the extent such information
or materials have been made available to any Obligor or its representatives. 

  
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 (iii) Notwithstanding anything in Section 12.1 or the
definitions of “Required Lenders” to the contrary, for purposes of determining whether the Required Lenders, all affected Lenders or all Lenders (except as provided in the second proviso to this clause (iii)) have (A) consented
(or not consented) to any amendment, modification, waiver, consent or other action with respect to any of the terms of any Loan Document or any departure by any Obligor therefrom, (B) otherwise acted on any matter related to any Loan Document,
or (C) directed or required the Administrative Agent or any Lender to undertake any action (or refrain from taking any action) with respect to or under any Loan Document, a Sponsor Permitted Assignee shall be deemed to have voted its interest
as a Lender without discretion in the same proportion as the allocation of voting with respect to such matter by Lenders who are not Sponsor Permitted Assignees; and in furtherance of the foregoing, the Sponsor Permitted Assignee agrees to execute
and deliver to the Administrative Agent any instrument reasonably requested by the Administrative Agent to evidence the voting of its interest as a Lender in accordance with the provisions of this Section 12.10.2(f); provided that
if the Sponsor Permitted Assignee fails to promptly execute such instrument such failure shall in no way prejudice any of the Administrative Agent’s or any Lender’s rights under this paragraph; provided, further that a
Sponsor Permitted Assignee shall be entitled to vote on any matter referred to in Section 12.1(b) or (c) that proposes to treat any Obligations held by such Sponsor Permitted Assignee in a manner that is less favorable in any
material respect to such Sponsor Permitted Assignee than the proposed treatment of similar Obligations held by Lenders that are not Affiliates of the Borrower. 
 (iv) Each assignment to a Sponsor Permitted Assignee pursuant to this Section 12.10.2(f) shall be subject to the following limitations: 

(A) unless otherwise agreed to in writing by the Required Lenders, regardless of whether consented to by the
Administrative Agent or otherwise, no assignment which would result in Affiliated Lenders holding in excess of such Affiliated Lender Cap shall be effective with respect to such excess amount of the Loans (and such excess assignment shall be and be
deemed null and void); provided that each of the parties hereto agrees and acknowledges that the Administrative Agent shall not be liable for any losses, damages, penalties, claims, demands, actions, judgments, suits, costs, expenses and
disbursements of any kind or nature whatsoever incurred or suffered by any Person in connection with any compliance or non-compliance with this clause (iv)(I) or any purported assignment exceeding such 15% limitation or for any assignment being
deemed null and void hereunder and (B) in the event of an acquisition pursuant to the last sentence of this subclause (iv) which would result in the Affiliated Lender Cap being exceeded, the most recent assignment to an Affiliate of the
Sponsor involved in such acquisition shall be unwound and deemed null and void to the extent that the Affiliated Lender Cap would otherwise be exceeded; and 
 (B) as a condition to each assignment pursuant to this clause (f), the Administrative Agent shall have been provided a notice substantially in the form of Exhibit J-2 in connection with each
assignment to a Sponsor Permitted Assignee or a Person that upon effectiveness of such assignment would constitute a Sponsor Permitted Assignee, and (without limitation of the provisions of clause (I) above) shall be under no obligation to
record such assignment in the Assignment Register until three (3) Business Days after receipt of such notice. 

  
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 Each Sponsor Permitted Assignee agrees to notify the Administrative Agent
promptly (and in any event within 10 Business Days) if it acquires any Person who is also a Lender, and each Lender agrees to notify the Administrative Agent promptly (and in any event within 10 Business Days) if it becomes a Sponsor Permitted
Assignee. Such notice shall contain the type of information required and be delivered to the same addressee as set forth in Exhibit J-2. 
 (v) Notwithstanding anything in this Agreement or the other Loan Documents to the contrary, each Sponsor Permitted Assignee hereby agrees that, if a proceeding under any Debtor Relief Law shall be
commenced by or against a Borrower or any other Obligor at a time when such Lender is a Sponsor Permitted Assignee, such Sponsor Permitted Assignee irrevocably authorizes and empowers the Administrative Agent to vote on behalf of such Sponsor
Permitted Assignee with respect to the Loans held by such Sponsor Permitted Assignee in any manner in the Administrative Agent’s sole discretion, unless the Administrative Agent instructs such Sponsor Permitted Assignee to vote, in which case
such Sponsor Permitted Assignee shall vote with respect to the Loans held by it as the Administrative Agent directs; provided that such Sponsor Permitted Assignee shall be entitled to vote in accordance with its sole discretion (and not in
accordance with the direction of the Administrative Agent) in connection with any plan of reorganization to the extent any such plan of reorganization proposes to treat any Obligations held by such Sponsor Permitted Assignee in a manner that is less
favorable in any material respect to such Sponsor Permitted Assignee than the proposed treatment of similar Obligations held by Lenders that are not Affiliates of the Borrower. 

(g) Certain Additional Payments. In connection with any assignment of rights and obligations of any Defaulting
Lender hereunder, no such assignment shall be effective unless and until, in addition to the other conditions thereto set forth herein, the parties to the assignment shall make such additional payments to the Administrative Agent in an aggregate
amount sufficient, upon distribution thereof as appropriate (which may be outright payment, purchases by the assignee of participations or subparticipations, or other compensating actions, including funding, with the consent of the Borrower and the
Administrative Agent, the applicable pro rata share of Loans previously requested but not funded by the Defaulting Lender, to each of which the applicable assignee and assignor hereby irrevocably consent), to (x) pay and satisfy in full all
payment liabilities then owed by such Defaulting Lender to the Administrative Agent, the Issuer or any Lender hereunder (and interest accrued thereon) and (y) acquire (and fund as appropriate) its full pro rata share of all Loans and
participations in Letters of Credit and Swing Line Loans in accordance with its Percentage. Notwithstanding the foregoing, in the event that any assignment of rights and obligations of any Defaulting Lender hereunder shall become effective under
applicable Law without compliance with the provisions of this paragraph, then the assignee of such interest shall be deemed to be a Defaulting Lender for all purposes of this Agreement until such compliance occurs. 

  
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 (h) Tax Forms. The assignee shall (i) provide the Borrowers with
administrative detail information, (ii) to the extent the applicable tax forms are required under Section 4.6(f) hereof, provide the Borrowers and the Administrative Agent with the applicable tax forms and (iii) otherwise
comply with Section 4.6 hereof. 
 Subject to acceptance and recording thereof by the Administrative Agent pursuant to
Section 12.10.3, from and after the effective date specified in each Lender Assignment Agreement, the assignee thereunder shall be a party to this Agreement and, to the extent of the interest assigned by such Lender Assignment Agreement,
have the rights and obligations of a Lender under this Agreement, and the assigning Lender thereunder shall, to the extent of the interest assigned by such Lender Assignment Agreement, be released from its obligations under this Agreement (and, in
the case of a Lender Assignment Agreement covering all of the assigning Lender’s rights and obligations under this Agreement, such Lender shall cease to be a party hereto) but shall continue to be entitled to the benefits of Sections 4.3,
4.4, 4.5, 4.6 and 12.4 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, the Borrower (at its expense) shall execute and deliver one or
more Notes to the assignee Lender. Any assignment or transfer by a Lender of rights or obligations under this Agreement that does not comply with this subsection shall be treated for purposes of this Agreement as a sale by such Lender of a
participation in such rights and obligations in accordance with Section 12.10.4. 
 (i)
Assignment Register. The Administrative Agent, acting solely for this purpose as an agent of the Borrower (and such agency being solely for tax purposes), shall maintain at the Administrative Agent’s Office a copy of each Lender
Assignment Agreement delivered to it (or the equivalent thereof in electronic form) and a register for the recordation of the names and addresses of the Lenders, and the Commitments of, and principal amounts (and stated interest) of the Loans and
Letter of Credit Outstandings owing to, each Lender pursuant to the terms hereof from time to time (the “Assignment Register”). The entries in the Assignment Register shall be conclusive absent manifest error, and the Borrower, the
Administrative Agent and the Lenders shall treat each Person whose name is recorded in the Assignment Register pursuant to the terms hereof as a Lender hereunder for all purposes of this Agreement. The Assignment Register shall be available for
inspection by the Borrower and any Lender, at any reasonable time and from time to time upon reasonable prior notice. 

Section 12.10.3 Participations. 
 (a) Any Lender may at any time, without the consent of, or notice to, the Borrower or the Administrative Agent, sell participations to any Person (other than a natural Person, a Defaulting Lender or the
Borrower or any of the Borrower’s Affiliates or Subsidiaries) (each, a “Participant”) in all or a portion of such Lender’s rights and/or obligations under this Agreement (including all or a portion of its Commitment and/or
the Loans (including such Lender’s participations in Letter of Credit Outstandings and/or Swing Line Loans) owing to it); provided that (i) such Lender’s obligations under this Agreement shall remain unchanged, (ii) such
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such obligations and (iii) the Borrower, the Administrative Agent, the Lenders and the Issuer shall continue to deal solely and directly with such Lender in connection with such
Lender’s rights and obligations under this Agreement. For the avoidance of doubt, each Lender shall be responsible for the indemnity under Section 12.4 without regard to the existence of any participation. 

(b) Any agreement or instrument pursuant to which a Lender sells such a participation shall provide that such Lender shall retain the sole
right to enforce this Agreement and to approve any amendment, modification or waiver of any provision of this Agreement; provided that such agreement or instrument may provide that such Lender will not, without the consent of the Participant,
agree to any amendment, waiver or other modification described in Section 12.1(a) through (g) that affects such Participant. The Borrower agrees that each Participant shall be entitled to the benefits of
Sections 4.3, 4.4, 4.5 and 4.6 to the same extent as if it were a Lender and had acquired its interest by assignment pursuant to Section 12.10.2 provided that such Participant (A) agrees to be
subject to the provisions of Section 4.6 as if it were an assignee under Section 12.10.2 and (B) shall not be entitled to receive any greater payment under Sections 4.3, 4.4, 4.5 or 4.6
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 and such Change in Law would have had a similar impact on the Lender from whom the Participant acquired such participation. Each Lender that sells a participation agrees, at the
Borrower’s request and expense, to use reasonable efforts to cooperate with the Borrower to effectuate the provisions of Section 4.6 with respect to any Participant. To the extent permitted by law, each Participant also shall be
entitled to the benefits of Section 4.9 as though it were a Lender; provided that such Participant agrees to be subject to Section 4.8 as though it were a Lender. Each Lender that sells a participation shall, acting
solely for this purpose as an agent of the Borrower, maintain a register on which it enters the name and address of each Participant and the principal amounts (and stated interest) of each Participant’s interest in the Loans or other
obligations under the Loan Documents (the “Participant Register”); provided that no Lender shall have any obligation to disclose all or any portion of the Participant Register (including the identity of any Participant or any
information relating to a Participant’s interest in any Commitments, Loans, Letters of Credit or its other Obligations under any Loan Document) to any Person except to the extent that such disclosure is necessary to establish that such
Commitment, Loan, Letter of Credit or other Obligation is in registered form under Section 5f.103-1(c) of the United States Treasury Regulations, provided, further, that any Participant claiming the benefits of
Section 4.6 shall be required to provide the documentation required under Section 4.6. The entries in the Participant Register shall be conclusive absent manifest error, and such Lender shall treat each Person whose name is
recorded in the Participant Register as the owner of such participation for all purposes of this Agreement notwithstanding any notice to the contrary. For the avoidance of doubt, the Administrative Agent (in its capacity as Administrative Agent)
shall have no responsibility for maintaining a Participant Register. Any Lender that sells a participating interest in any Loan, Commitment or other interest to a Participant under this Section shall indemnify and hold harmless the Borrowers and the
Administrative Agent from and against any Taxes, penalties, interest or other costs or losses (including reasonable attorneys’ fees and expenses) incurred or payable by the Borrowers or the Administrative Agent as a result of the failure of the
Borrowers or the Administrative Agent to comply with its obligations to deduct or withhold any Taxes from 

  
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any payments made pursuant to this Agreement to such Lender or the Administrative Agent, as the case may be, which Taxes would not have been incurred or payable if such Participant had complied
with Section 4.6 as if it were a Lender, including delivering documentation to the Borrowers and the Administrative Agent under Section 4.6(f) on or prior to the date on which it became a Participant; provided that the foregoing
shall not apply if the Borrowers fail to approve an assignment for a reason other than (x) the proposed assignee is a Disqualified Lender or (y) the proposed assignee did not provide the requisite tax forms, and such proposed assignment is
settled as a participation. 
 Section 12.10.4 Certain Pledges. Any Lender may at any time pledge or assign a
security interest in all or any portion of its rights under this Agreement (including under any of its Notes) to secure obligations of such Lender, including any pledge or assignment to secure obligations to a Federal Reserve Bank or to the Bank of
Canada; 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. 

Section 12.10.5 Resignation as Issuer or Swing Line Lender after Assignment. Notwithstanding anything to the contrary
contained herein, if at any time Bank of America assigns all of its Revolving Credit Commitment and Revolving Credit Loans pursuant to Section 12.10.2 above, Bank of America may, (i) upon 30 days’ notice to the Borrowers and
the Lenders, resign as Issuer and/or (ii) upon 30 days’ notice to the Borrowers, resign as Swing Line Lender. In the event of any such resignation as Issuer or Swing Line Lender, the Borrowers shall be entitled to appoint from among the
Lenders a successor Issuer or Swing Line Lender hereunder; provided, however, that no failure by the Borrowers to appoint any such successor shall affect the resignation of Bank of America as Issuer or Swing Line Lender, as the case may be. If Bank
of America resigns as Issuer, it shall retain all the rights, powers, privileges and duties of the Issuer hereunder with respect to all Letters of Credit outstanding as of the effective date of its resignation as Issuer and all Letter of Credit
Outstandings with respect thereto (including the right to require the Lenders to make Base Rate Loans or Canadian Prime Rate Loans or fund risk participations in Reimbursement Obligations pursuant to Section 2.6.3). If Bank of America
resigns as Swing Line Lender, it shall retain all the rights of the Swing Line Lender provided for hereunder with respect to Swing Line Loans made by it and outstanding as of the effective date of such resignation, including the right to require the
Lenders to make Base Rate Loans or Canadian Prime Rate Loans or fund risk participations in outstanding Swing Line Loans pursuant to Section 2.3.2. Upon the appointment of a successor Issuer and/or Swing Line Lender, (a) such
successor shall succeed to and become vested with all of the rights, powers, privileges and duties of the retiring Issuer or Swing Line Lender, as the case may be, and (b) the successor Issuer shall issue letters of credit in substitution for
the Letters of Credit, if any, outstanding at the time of such succession or make other arrangements satisfactory to Bank of America to effectively assume the obligations of Bank of America with respect to such Letters of Credit. 

In the event that S&P or Moody’s, shall, after the date that any Person becomes a Revolving Loan Lender, downgrade the long-term
certificate of deposit ratings of such Lender, and the resulting ratings shall be below BBB- or Baa3, respectively, or the equivalent, then the Borrowers, the Swing Line Lender and each Issuer shall each have the right, but not the obligation, upon
notice to such Revolving Loan Lender and the Administrative Agent, to replace 

  
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such Revolving Loan Lender with an Eligible Assignee or a financial institution (a “Replacement Lender”) acceptable to the Borrowers, the Administrative Agent, the Issuer and the
Swing Line Lender (such consents not to be unreasonably withheld or delayed; provided that, no such consent shall be required if the Replacement Lender is an existing Revolving Loan Lender), and upon any such downgrading of any Revolving Loan
Lender’s long-term certificate of deposit rating, such Revolving Loan Lender hereby agrees to transfer and assign (in accordance with this Section) all of its Commitments and other rights and obligations under the Loan Documents (including
Reimbursement Obligations) to such Replacement Lender; provided that (i) such assignment shall be without recourse, representation or warranty (other than that such Lender owns the Commitments, Loans and Notes being assigned, free and
clear of any Liens) and (ii) the purchase price paid by the Replacement Lender shall be in the amount of such Revolving Loan Lender’s Loans and its Percentage of outstanding Reimbursement Obligations, together with all accrued and unpaid
interest and fees in respect thereof, plus all other amounts (other than the amounts (if any) demanded and unreimbursed under Sections 4.2 through (and including) 4.6, which shall be paid by the Borrowers), owing to such Revolving
Loan Lender hereunder. Upon any such termination or assignment, such Revolving Loan Lender shall cease to be a party hereto but shall continue to be entitled to the benefits of, and subject to the obligations of, any provisions of the Loan Documents
which by their terms survive the termination of this Agreement. 
 Section 12.11 Other Transactions. Nothing contained
herein shall preclude the Administrative Agent, the Issuer or any other Lender from engaging in any transaction, in addition to those contemplated by the Loan Documents, with either or both of the Borrowers or any of their respective Affiliates in
which such Borrower or such Affiliate is not restricted hereby from engaging with any other Person. 
 Section 12.12
Forum Selection and Consent to Jurisdiction. EACH BORROWER AND EACH OTHER OBLIGOR IRREVOCABLY AND UNCONDITIONALLY AGREES THAT IT WILL NOT COMMENCE ANY ACTION, LITIGATION OR PROCEEDING OF ANY KIND OR DESCRIPTION, WHETHER IN LAW OR EQUITY, WHETHER
IN CONTRACT OR IN TORT OR OTHERWISE, AGAINST THE ADMINISTRATIVE AGENT, ANY LENDER, ANY ISSUER, OR ANY RELATED PARTY OF THE FOREGOING IN ANY WAY RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT OR THE TRANSACTIONS RELATING HERETO OR THERETO IN
ANY FORUM OTHER THAN THE COURTS OF THE STATE OF NEW YORK SITTING IN THE BOROUGH OF MANHATTAN OR IN THE UNITED STATES DISTRICT COURT FOR THE SOUTHERN DISTRICT OF NEW YORK AND ANY APPELLATE COURT THEREFROM. 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. EACH BORROWER IRREVOCABLY CONSENTS TO THE SERVICE OF PROCESS BY
REGISTERED MAIL, POSTAGE PREPAID, OR BY PERSONAL SERVICE WITHIN OR WITHOUT THE STATE OF NEW YORK AT THE ADDRESS FOR NOTICES SPECIFIED IN SECTION 12.2. EACH BORROWER HEREBY EXPRESSLY AND IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY
LAW, ANY OBJECTION WHICH IT MAY HAVE OR HEREAFTER MAY HAVE TO THE LAYING OF VENUE OF ANY SUCH LITIGATION 

  
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BROUGHT IN ANY SUCH COURT REFERRED TO ABOVE AND ANY CLAIM THAT ANY SUCH LITIGATION HAS BEEN BROUGHT IN AN INCONVENIENT FORUM. TO THE EXTENT THAT EITHER OR BOTH OF THE BORROWERS HAS OR HAVE OR
HEREAFTER MAY ACQUIRE ANY IMMUNITY FROM JURISDICTION OF ANY COURT OR FROM ANY LEGAL PROCESS (WHETHER THROUGH SERVICE OR NOTICE, ATTACHMENT PRIOR TO JUDGMENT, ATTACHMENT IN AID OF EXECUTION OR OTHERWISE) WITH RESPECT TO ITSELF OR ITS PROPERTY, SUCH
BORROWER HEREBY IRREVOCABLY WAIVES TO THE FULLEST EXTENT PERMITTED BY LAW SUCH IMMUNITY IN RESPECT OF ITS OBLIGATIONS UNDER THE LOAN DOCUMENTS. NOTHING IN THIS AGREEMENT OR IN ANY OTHER LOAN DOCUMENT SHALL AFFECT ANY RIGHT THAT THE ADMINISTRATIVE
AGENT, ANY LENDER OR ANY ISSUER MAY HAVE TO BRING ANY ACTION OR PROCEEDING AGAINST ANY OBLIGOR OR ITS PROPERTIES IN THE COURTS OF ANY JURISDICTION. 
 Section 12.13 Service of Process, Appointment of Process Agent. EACH BORROWER THAT IS NOT ORGANIZED IN THE UNITED STATES (OR A STATE THEREOF) HEREBY IRREVOCABLY APPOINTS CORPORATION SERVICE
COMPANY (THE “PROCESS AGENT”), WITH AN OFFICE ON THE DATE HEREOF AT 80 STATE STREET, ALBANY, NEW YORK 12207, UNITED STATES, AS ITS AGENT TO RECEIVE, ON ITS BEHALF AND ON BEHALF OF ITS PROPERTY, SERVICE OF COPIES OF THE SUMMONS AND
COMPLAINT AND ANY OTHER PROCESS WHICH MAY BE SERVED IN ANY ACTION OR PROCEEDING DESCRIBED IN SECTION 12.12. SUCH SERVICE MAY BE MADE BY MAILING OR DELIVERING A COPY OF SUCH PROCESS TO SUCH OBLIGOR IN CARE OF THE PROCESS AGENT AT THE PROCESS
AGENT’S ABOVE ADDRESS, AND SUCH OBLIGOR HEREBY IRREVOCABLY AUTHORIZES AND DIRECTS THE PROCESS AGENT TO ACCEPT SUCH SERVICE ON ITS BEHALF. AS AN ALTERNATIVE METHOD OF SERVICE, EACH BORROWER IRREVOCABLY CONSENTS TO THE SERVICE OF PROCESS BY
REGISTERED MAIL, POSTAGE PREPAID, OR BY PERSONAL SERVICE WITHIN OR WITHOUT THE STATE OF NEW YORK AT THE ADDRESS FOR NOTICES SPECIFIED IN SECTION 12.2. 
 Section 12.14 Waiver of Jury Trial. THE ADMINISTRATIVE AGENT, EACH LENDER, THE ISSUER AND EACH BORROWER HEREBY KNOWINGLY, VOLUNTARILY AND INTENTIONALLY WAIVE TO THE FULLEST EXTENT PERMITTED BY LAW
ANY RIGHTS THEY MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION BASED HEREON, OR ARISING OUT OF, UNDER, OR IN CONNECTION WITH, EACH LOAN DOCUMENT, OR ANY COURSE OF CONDUCT, COURSE OF DEALING, STATEMENTS (WHETHER ORAL OR WRITTEN) OR ACTIONS
OF THE ADMINISTRATIVE AGENT, SUCH LENDER, THE ISSUER OR SUCH BORROWER IN CONNECTION THEREWITH. EACH BORROWER ACKNOWLEDGES AND AGREES THAT IT HAS RECEIVED FULL AND SUFFICIENT CONSIDERATION FOR THIS PROVISION (AND EACH OTHER PROVISION OF EACH OTHER
LOAN DOCUMENT TO WHICH IT IS A PARTY) AND THAT THIS PROVISION IS A MATERIAL INDUCEMENT FOR THE ADMINISTRATIVE AGENT, EACH LENDER AND THE ISSUER ENTERING INTO THE LOAN DOCUMENTS. EACH PARTY HERETO CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY
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PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND ACKNOWLEDGES THAT IT AND THE OTHER PARTIES
HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION. 
 Section 12.15 No Immunity. To the extent that any Obligor may be or become entitled, in any jurisdiction in which judicial proceedings may at any time be commenced with respect to this Agreement
or any other Loan Document, to claim for itself or its property any immunity from suit, court jurisdiction, attachment prior to judgment, attachment in aid of execution of a judgment, execution of a judgment or from any other legal process or remedy
relating to its obligations under this Agreement or any other Loan Document, and to the extent that in any such jurisdiction there may be attributed such an immunity (whether or not claimed), each of the Obligors hereby irrevocably agrees not to
claim and hereby irrevocably waives such immunity to the fullest extent permitted by the laws of such jurisdiction and agrees that the foregoing waiver shall have the fullest extent permitted under the Foreign Sovereign Immunities Act of 1976
of the United States of America and is intended to be irrevocable for purposes of such Act. 
 Section 12.16
Judgment Currency. If, for the purpose of obtaining judgment in any court, it is necessary to convert a sum due hereunder, under any Note or under any other Loan Document in another currency (the “Payment Currency”) into U.S. Dollars or
into Canadian Dollars, as the case may be (the “Judgment Currency”), the parties hereto agree, to the fullest extent that they may effectively do so, that the rate of exchange used shall be that at which, in accordance with normal banking
procedures, the applicable Secured Party could purchase such other currency with U.S. Dollars in New York City or Canadian Dollars in Toronto, at the close of business on the Business Day immediately preceding the day (the “Judgment Conversion
Date”) on which final judgment is given, together with any premiums and costs of exchange payable in connection with such purchase. If there is a change in the applicable rate of exchange between the Judgment Conversion Date and the date of
actual payment of the amount due, the Borrowers shall pay to the applicable Secured Party such additional amount as may be necessary to ensure that the amount paid in the Judgment Currency, when converted at the rate of exchange on the date of
payment, will produce the amount of the Payment Currency which could have been purchased with the amount of Judgment Currency stipulated in the judgment or judicial order at the rate of exchange on the Judgment Conversion Date. 

Section 12.17 PATRIOT Act Notification. Each Lender that is subject to the Act (as hereinafter defined) and the Administrative
Agent (for itself and not on behalf of any Lender) hereby notifies the Borrower 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 Borrower, which information includes the name and address of the Borrower and other information that will allow such Lender or the Administrative Agent, as applicable, to identify the
Borrower in accordance with the Act. The Borrower 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 requests in order to comply
with its ongoing obligations under applicable “know your customer” and anti-money laundering rules and regulations, including the Act. 

  
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 Section 12.18 Defaulting Lenders 

Section 12.18.1 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: 
 (a) Waivers and Amendments. Such Defaulting Lender’s right to approve or disapprove any amendment, waiver or consent with respect to this Agreement shall be restricted as set forth in the
definition of “Required Lenders” and Section 12.1. 
 (b) Defaulting Lender
Waterfall. Any payment of principal, interest, fees or other amounts received by the Administrative Agent for the account of such Defaulting Lender (whether voluntary or mandatory, at maturity, pursuant to Article VIII or otherwise)
or received by the Administrative Agent from a Defaulting Lender pursuant to Section 12.10.2(g) shall be applied at such time or times as may be determined by the Administrative Agent as follows: first, to the payment of any
amounts owing by such Defaulting Lender to the Administrative Agent hereunder; second, to the payment on a pro rata basis of any amounts owing by such Defaulting Lender to the Issuer or the Swing Line Lender hereunder; third, to Cash
Collateralize the Issuer’s Fronting Exposure with respect to such Defaulting Lender in accordance with Section 2.11; fourth, as the Borrower may request (so long as no Default or Event of Default exists), to the funding of
any Loan in respect of which such Defaulting Lender has failed to fund its portion thereof as required by this Agreement, as determined by the Administrative Agent; fifth, if so determined by the Administrative Agent and the Borrower, to be
held in a deposit account and released pro rata in order to (x) satisfy such Defaulting Lender’s potential future funding obligations with respect to Loans under this Agreement and (y) Cash Collateralize the Issuer’s future
Fronting Exposure with respect to such Defaulting Lender with respect to future Letters of Credit issued under this Agreement, in accordance with Section 2.11; sixth, to the payment of any amounts owing to the Lenders, the Issuer
or Swing Line Lender as a result of any judgment of a court of competent jurisdiction obtained by any Lender, the Issuer or the Swing Line Lender against such Defaulting Lender as a result of such Defaulting Lender’s breach of its obligations
under this Agreement; seventh, so long as no Default or Event of Default exists, to the payment of any amounts owing to the Borrower as a result of any judgment of a court of competent jurisdiction obtained by the Borrower against such
Defaulting Lender as a result of such Defaulting Lender’s breach of its obligations under this Agreement; and eighth, to such Defaulting Lender or as otherwise directed by a court of competent jurisdiction; provided that if
(x) such payment is a payment of the principal amount of any Loans or L/C Borrowings in respect of which such Defaulting Lender has not fully funded its appropriate share, and (y) such Loans were made or the related Letters of Credit were
issued at a time when the conditions set forth in Section 5.2 were satisfied or waived, such payment shall be applied solely to pay the Loans of, and Letter of Credit Outstandings owed to, all non-Defaulting Lenders on a pro rata basis
prior to being applied to the payment of any Loans of, or Letter of Credit Outstandings owed to, 

  
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such Defaulting Lender until such time as all Loans and funded and unfunded participations in Letter of Credit Outstandings and Swing Line Loans are held by the Lenders pro rata in accordance
with the Commitments hereunder without giving effect to Section 12.18.1(d). Any payments, prepayments or other amounts paid or payable to a Defaulting Lender that are applied (or held) to pay amounts owed by a Defaulting Lender or to
post Cash Collateral pursuant to this Section 12.18.1(b) shall be deemed paid to and redirected by such Defaulting Lender, and each Lender irrevocably consents hereto. 

(c) Certain Fees. 
 (i) No Defaulting Lender shall be entitled to receive any fee payable under Section 3.3 for any period during which that Lender is a Defaulting Lender (and the Borrower shall not be required
to pay any such fee that otherwise would have been required to have been paid to that Defaulting Lender). 
 (ii)
Each Defaulting Lender shall be entitled to receive Letter of Credit Fees for any period during which that Lender is a Defaulting Lender only to the extent allocable to its Percentage of the stated amount of Letters of Credit for which it has
provided Cash Collateral pursuant to Section 2.11. 
 (iii) With respect to any Letter of Credit Fee
not required to be paid to any Defaulting Lender pursuant to clause (A) or (B) above, the Borrowers shall (x) pay to each non-Defaulting Lender that portion of any such fee otherwise payable to such Defaulting Lender with respect to
such Defaulting Lender’s participation in Letter of Credit Outstandings or Swing Line Loans that has been reallocated to such non-Defaulting Lender pursuant to clause (iv) below, (y) pay to the Issuer and the Swing Line Lender, as
applicable, the amount of any such fee otherwise payable to such Defaulting Lender to the extent allocable to such Issuer’s or Swing Line Lender’s Fronting Exposure to such Defaulting Lender, and (z) not be required to pay the
remaining amount of any such fee. 
 (d) Reallocation of Percentages to Reduce Fronting Exposure. All or
any part of such Defaulting Lender’s participation in Letter of Credit Outstandings and Swing Line Loans shall be reallocated among the non-Defaulting Lenders in accordance with their respective Percentages (calculated without regard to such
Defaulting Lender’s Commitment) but only to the extent that (x) the conditions set forth in Section 5.2 are satisfied at the time of such reallocation (and, unless the Borrowers shall have otherwise notified the Administrative
Agent at such time, the Borrowers shall be deemed to have represented and warranted that such conditions are satisfied at such time), and (y) such reallocation does not cause the aggregate Revolving Credit Exposure of any non-Defaulting Lender
to exceed such non-Defaulting Lender’s Commitment. No reallocation hereunder shall constitute a waiver or release of any claim of any party hereunder against a Defaulting Lender arising from that Lender having become a Defaulting Lender,
including any claim of a non-Defaulting Lender as a result of such non-Defaulting Lender’s increased exposure following such reallocation. 

  
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 (e) Cash Collateral, Repayment of Swing Line Loans. If the
reallocation described in Section 12.18.1(d) above cannot, or can only partially, be effected, the Borrower shall, without prejudice to any right or remedy available to it hereunder or under applicable law, (x) first, prepay Swing
Line Loans in an amount equal to the Swing Line Lenders’ Fronting Exposure and (y) second, Cash Collateralize the Issuers’ Fronting Exposure in accordance with the procedures set forth in Section 2.11. 

Section 12.18.2 Defaulting Lender Cure. If the Borrower, the Administrative Agent, the Swing Line Lender and the Issuer agree
in writing that a Lender is no longer a Defaulting Lender, the Administrative Agent will so notify the parties hereto, whereupon as of the effective date specified in such notice and subject to any conditions set forth therein (which may include
arrangements with respect to any Cash Collateral), that Lender will, to the extent applicable, purchase at par that portion of outstanding Loans of the other Lenders or take such other actions as the Administrative Agent may determine to be
necessary to cause the Loans and funded and unfunded participations in Letters of Credit and Swing Line Loans to be held on a pro rata basis by the Lenders in accordance with their respective Percentages (without giving effect to
Section 12.18.1(d)), whereupon such Lender will cease to be a Defaulting Lender; provided that no adjustments will be made retroactively with respect to fees accrued or payments made by or on behalf of the Borrower while 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. 
 Section 12.19 Confidentiality. Each of the
Administrative Agent, the Lenders the Issuers and the Collateral Agent agrees to maintain the confidentiality of the Information (as defined below), except that Information may be disclosed (i) to its Affiliates and to its and its
Affiliates’ respective partners, directors, officers, employees, agents, advisors and other 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), (ii) 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), (iii) to the extent required by applicable laws or regulations or by any subpoena or similar legal process, (iv) to any other party hereto, (v) in connection with the exercise of any remedies hereunder or under any
other Loan Document or any action or proceeding relating to this Agreement or any other Loan Document or the enforcement of rights hereunder or thereunder, (vi) subject to an agreement containing provisions substantially similar as those of
this Section, to (x) any Assignee Lender of or Participant in, or any prospective Assignee Lender of or Participant in, any of its rights or obligations under this Agreement or (y) any actual or prospective counterparty (or its advisors)
to any swap or derivative transaction relating to any of the Borrowers and their obligations, (vii) with the consent of the Parent or (viii) to the extent such Information (x) becomes publicly available other than as a result of a
breach of this Section or (y) becomes available to any Secured Party or any of their respective Affiliates on a nonconfidential basis from a source other than any of the Borrowers. For purposes of this Section, “Information”
means all information received from or on behalf of any Borrower or its Subsidiaries relating to any Borrower or Subsidiary of a Borrower or any of their respective businesses, other than any such information that was available to any Secured Party
on a nonconfidential basis prior to disclosure by any Borrower or any of its Subsidiaries, 

  
 145

 
provided that, in the case of any such information received from any Borrower or any of its Subsidiaries after the date hereof, 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. Any term or provision hereof to the contrary notwithstanding, the Borrowers hereby acknowledge and agree that the Administrative Agent shall be
permitted to disclose to all Lenders, Participants and prospective Lenders and Participants (by electronic means or otherwise) (x) all financial information provided pursuant to clauses (a) and (b) of Section 7.1.1 and
(y) unless otherwise notified in writing by the Borrowers, all other financial information provided to the Administrative Agent pursuant to Section 7.1.1 or otherwise, in each case as if such information had been filed by the Borrowers
with the SEC on Form 10K or another periodic report (whether or not any Borrower is an issuer of securities pursuant to Section 12 of the Securities Act of 1933, as amended, at such time). 

Section 12.20 Intercreditor Agreement. 
 Each Lender grants the Administrative Agent the power to enter into the Intercreditor Agreement and to bind such Lender to the provisions thereof. Notwithstanding anything herein to the contrary, the Lien
and security interest granted pursuant to this Agreement and the exercise of any right or remedy hereunder are subject to the provisions of the Intercreditor Agreement. In the event of any conflict between the terms of the Intercreditor Agreement
and this Agreement, the terms of the Intercreditor Agreement shall govern and control except as expressly set forth in the Intercreditor Agreement. 

  
 146

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

 

			
	MITEL NETWORKS CORPORATION
		
	By:	 	  

		 	Name:
		 	Title:
	
	Address for Notices:
	
	350 Legget Drive,
	Kanata, Ontario, K2K 2W7
	Attention: Treasurer
	Telephone: (613) 592-2122 ext 4451
	Fax: (613) 592-7838
	Copy to:
	Attention: Legal Department
	Fax: (613) 592-7802

 
			
	MITEL US HOLDINGS, INC.
		
	By:	 	  

		 	Name:
		 	Title:
	
	Address for Notices:
	
	350 Legget Drive,
	Kanata, Ontario, K2K 2W7
	Attention: Treasurer
	Telephone: (613) 592-2122 ext 4451
	Fax: (613) 592-7838
	Copy to:
	Attention: Legal Department
	Fax: (613) 592-7802

  
 2 

 
			
	BANK OF AMERICA, N.A.,
	as Administrative Agent, as Collateral Agent and as Lender,
		
	By:	 	  

		 	Name:
		 	Title:

  
 3 

 
			
	BANK OF AMERICA, N.A.,
	(acting through its Canada Branch), as Canadian Administrative Agent
		
	By:	 	  

		 	Name:
		 	Title:

  
 4 

 
			
	[                    ],
	as Lender,
		
	By:	 	  

		 	Name:
		 	Title:

  
 5 

 EXHIBIT A-1 
 FORM OF 
 CANADIAN REVOLVING NOTE 

 

			
	C$            	  	        , 20        

 FOR VALUE RECEIVED, Mitel Networks Corporation, a company organized under the laws of Canada (the “Canadian
Borrower”), promises to pay to the order of [NAME OF LENDER] (the “Canadian Lender”) on the Stated Maturity Date for Canadian Revolving Loans the principal amount of
            DOLLARS ($            ) or, if less than such principal amount, the aggregate unpaid principal amount of all
Canadian Revolving Loans (other than any Canadian Swing Line Loans) made in Canadian or U.S. Dollars by the Canadian Lender pursuant to the First Lien Credit Agreement, dated as of February [        ],
2013 (as amended, supplemented, amended and restated or otherwise modified from time to time, the “Credit Agreement”), among the Canadian Borrower, Mitel US Holdings, Inc., a Delaware corporation (the “U.S.
Borrower”), the various financial institutions and other Persons (as defined therein) from time to time parties thereto, as the Lenders and Bank of America, N.A. (“Bank of America”), as the Administrative Agent and the
Collateral Agent. Terms used in this Canadian Revolving Note, unless otherwise defined herein, have the meanings provided in the Credit Agreement. 
 The Canadian Borrower also promises to pay interest on the unpaid principal amount hereof from time to time outstanding from the date hereof until the Stated Maturity Date (whether by acceleration or
otherwise) and, after the Stated Maturity Date, until paid, at the rates per annum and on the dates specified in the Credit Agreement. 
 Payments of both principal and interest are to be made in the Currency in which the relevant Canadian Revolving Loan was made, in same day or immediately available funds to the account designated by the
Administrative Agent pursuant to the Credit Agreement. 
 This Canadian Revolving Note is one of the Canadian Revolving Notes
referred to in, and evidences Indebtedness incurred under, the Credit Agreement, to which reference is made for a description of the security for this Canadian Revolving Note and for a statement of the terms and conditions on which the Canadian
Borrower is permitted and required to make prepayments and repayments of principal of the Indebtedness evidenced by this Canadian Revolving Note and on which such Indebtedness may be declared to be immediately due and payable. 

All parties hereto, whether as makers, endorsers or otherwise, severally waive presentment for payment, demand, protest and notice of
dishonor. 

  
 Exhibit A-1-1

 THIS CANADIAN REVOLVING NOTE HAS BEEN DELIVERED IN NEW YORK, NEW YORK AND SHALL BE
DEEMED TO BE A CONTRACT MADE UNDER AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK. (INCLUDING FOR SUCH PURPOSE SECTIONS 5-1401 AND 5-1402 OF THE GENERAL OBLIGATIONS LAW OF THE STATE OF NEW YORK). 

 

			
	MITEL NETWORKS CORPORATION
		
	By:	 	  

		 	Name:
		 	Title:

  
 Exhibit A-1-2

 LOANS AND PRINCIPAL PAYMENTS 

 

																															
	 Date
	  	 Amount of 
Loans Made (Currency 
(U.S.$ or
C$))
	  	Interest
Period	  	Amount of Principal Repaid	  	Unpaid Principal Balance	  	 	  	Notation
Made By
	  	 Alternate
Base
Rate
	  	LIBO
Rate	  	Canadian
Prime
Rate	  	Canadian
BA Rate	  	  	Alternate
Base
Rate	  	LIBO
Rate	  	Canadian
Prime
Rate	  	Canadian
BA Rate	  	Alternate
Base
Rate	  	LIBO
Rate	  	Canadian
Prime
Rate	  	Canadian
BA Rate	  	Total	  

  
 Exhibit A-1-3

 EXHIBIT A-2 
 FORM OF 
 U.S. REVOLVING NOTE 

 

			
	$            	  	        , 20        

 FOR VALUE RECEIVED, Mitel US Holdings, Inc., a Delaware corporation (the “U.S. Revolving Loan
Borrower”), promises to pay, without setoff or counterclaim, to the order of [NAME OF LENDER] (the “U.S. Revolving Loan Lender”) on the Stated Maturity Date for U.S. Revolving Loans, the principal sum of
            U.S. DOLLARS ($            ) or, if less, the aggregate unpaid principal amount of all U.S. Revolving
Loans (other than any U.S. Swing Line Loans) made by the U.S. Revolving Loan Lender pursuant to the First Lien Credit Agreement, dated as of February [        ], 2013 (as amended, supplemented,
amended and restated or otherwise modified from time to time, the “Credit Agreement”), among Mitel Networks Corporation, a company organized under the laws of Canada (the “Canadian Borrower”), the U.S.
Revolving Loan Borrower, the various financial institutions and other Persons (as defined therein) from time to time parties thereto, as the Lenders and Bank of America, N.A. (“Bank of America”), as the Administrative Agent and the
Collateral. Terms used in this U.S. Revolving Note, unless otherwise defined herein, have the meanings provided in the Credit Agreement. 
 The U.S. Revolving Loan Borrower also promises to pay interest on the unpaid principal amount hereof from time to time outstanding from the date hereof until the Stated Maturity Date (whether by
acceleration or otherwise) and, after the Stated Maturity Date, until paid, at the rates per annum and on the dates specified in the Credit Agreement. 
 Payments of both principal and interest are to be made in U.S. Dollars in same day or immediately available funds to the account designated by the Administrative Agent pursuant to the Credit
Agreement. 
 This U.S. Revolving Note is one of the U.S. Revolving Notes referred to in, and evidences Indebtedness
incurred under, the Credit Agreement, to which reference is made for a description of the security for this U.S. Revolving Note and for a statement of the terms and conditions on which the U.S. Revolving Loan Borrower is permitted and
required to make prepayments and repayments of principal of the Indebtedness evidenced by this U.S. Revolving Note and on which such Indebtedness may be declared to be immediately due and payable. 

All parties hereto, whether as makers, endorsers or otherwise, severally waive presentment for payment, demand, protest and notice of
dishonor. 

  
 Exhibit A-2-1

 THIS U.S. REVOLVING NOTE HAS BEEN DELIVERED IN NEW YORK, NEW YORK AND SHALL BE
DEEMED TO BE A CONTRACT MADE UNDER AND GOVERNED BY THE INTERNAL LAWS OF THE STATE OF NEW YORK. (INCLUDING FOR SUCH PURPOSE SECTIONS 5-1401 AND 5-1402 OF THE GENERAL OBLIGATIONS LAW OF THE STATE OF NEW YORK). 

 

			
	MITEL US HOLDINGS, INC.
		
	By:	 	  

		 	Name:
		 	Title:

  
 Exhibit A-2-2

 LOANS AND PRINCIPAL PAYMENTS 

 

																			
	 Date
	  	 Amount of Loan Made
	  	Interest
Period	  	Amount of Principal
Repaid	  	Unpaid Principal Balance	  	 	  	Notation Made
By
	  	 Alternate
Base Rate
	  	LIBO Rate	  	  	Alternate
Base Rate	  	LIBO Rate	  	Alternate
Base Rate	  	LIBO Rate	  	Total	  

  
 Exhibit A-2-3

 EXHIBIT A-3 
 FORM OF 
 TERM NOTE 

 

			
	$            	  	    , 20            

 FOR VALUE RECEIVED, Mitel US Holdings, Inc., a Delaware corporation (the “Term Loan
Borrower”), promises to pay to the order of [NAME OF LENDER] (the “Term Loan Lender”) on the Stated Maturity Date the principal sum of
            U.S. DOLLARS ($            ) or, if less, the aggregate unpaid principal amount of all Term Loans shown on
the schedule attached hereto (and any continuation thereof) made (or continued) by the Term Loan Lender pursuant to the First Lien Credit Agreement, dated as of February [        ], 2013 (as amended,
supplemented, amended and restated or otherwise modified from time to time, the “Credit Agreement”), among Mitel Networks Corporation, a company organized under the laws of Canada (the “Canadian Borrower”), the
Term Loan Borrower, the various financial institutions and other Persons (as defined therein) from time to time parties thereto, as the Lenders and Bank of America, N.A. (“Bank of America”). Terms used in this Term Note, unless
otherwise defined herein, have the meanings provided in the Credit Agreement. 
 The Term Loan Borrower also promises to pay
interest on the unpaid principal amount hereof from time to time outstanding from the date hereof until the Stated Maturity Date (whether by acceleration or otherwise) and, after the Stated Maturity Date, until paid, at the rates per annum and on
the dates specified in, and in accordance with, the terms of the Credit Agreement. 
 Payments of both principal and interest
are to be made in U.S. Dollars in same day or immediately available funds to the account designated by the Administrative Agent pursuant to the Credit Agreement. 
 This Term Note is one of the Term Notes referred to in, and evidences Indebtedness incurred under, the Credit Agreement, to which reference is made for a description of the security for this Term Note and
for a statement of the terms and conditions on which the Term Loan Borrower is permitted and required to make prepayments and repayments of principal of the Indebtedness evidenced by this Term Note and on which such Indebtedness may be declared to
be immediately due and payable. 
 All parties hereto, whether as makers, endorsers, or otherwise, severally waive presentment
for payment, demand, protest and notice of dishonor. 

  
 Exhibit A-3-1

 THIS TERM NOTE HAS BEEN DELIVERED IN NEW YORK, NEW YORK AND SHALL BE DEEMED TO BE A
CONTRACT MADE UNDER AND GOVERNED BY THE INTERNAL LAWS OF THE STATE OF NEW YORK (INCLUDING FOR SUCH PURPOSE SECTIONS 5-1401 AND 5-1402 OF THE GENERAL OBLIGATIONS LAW OF THE STATE OF NEW YORK). 

 

			
	MITEL US HOLDINGS, INC.
		
	By:	 	  

		 	Name:
		 	Title:

  
 Exhibit A-3-2

 TERM             LOANS AND
PRINCIPAL PAYMENTS 
  

																			
	 Date
	  	 Amount of Loan Made
	  	Interest
Period	  	Amount of Principal Repaid	  	Unpaid Principal Balance	  	 	  	Notation Made
By
	  	 Alternate
Base Rate
	  	LIBO Rate	  	  	Alternate
Base Rate	  	LIBO Rate	  	Alternate
Base Rate	  	LIBO Rate	  	Total	  

  
 Exhibit A-3-3

 EXHIBIT A-4 
 FORM OF 
 SWING LINE NOTE 

 

			
	C$            	  	        , 20        

 FOR VALUE RECEIVED, the undersigned, [MITEL NETWORKS CORPORATION, a company organized under the laws of
Canada (the “Canadian Borrower”)] / [MITEL US HOLDINGS, INC., a Delaware corporation (the “U.S. Borrower”)], promises to pay to the order of [BANK OF AMERICA N.A., CANADA BRANCH (“Bank of America
Canada”)1] / [BANK OF AMERICA, N.A.] (“Bank
of America”)2] (the “Swing Line
Lender”) on the Stated Maturity Date for Swing Line Loans the principal amount of             DOLLARS
($            ) or, if less than such principal amount, the aggregate unpaid principal amount of all Swing Line Loans made in Canadian or U.S. Dollars by the Swing Line Lender
pursuant to the First Lien Credit Agreement, dated as of February [        ], 2013 (as amended, supplemented, amended and restated or otherwise modified from time to time, the “Credit
Agreement”), among Mitel Networks Corporation, a company organized under the laws of Canada (the “Canadian Borrower”), Mitel US Holdings, Inc., a Delaware corporation (the “U.S. Borrower”), the various
financial institutions and other Persons (as defined therein) from time to time parties thereto, as the Lender and Bank of America, N.A. (“Bank of America”), as the Administrative Agent and the Collateral Agent. Terms used in this
Swing Line Note, unless otherwise defined herein, have the meanings provided in the Credit Agreement. 
 The [Canadian] / [U.S.]
Borrower also promises to pay interest on the unpaid principal amount hereof from time to time outstanding from the date hereof until the Stated Maturity Date (whether by acceleration or otherwise) and, after the Stated Maturity Date, until paid, at
the rates per annum and on the dates specified in the Credit Agreement. 
 Payments of both principal and interest are to be
made in the Currency in which the relevant Swing Line Loan was made, in same day or immediately available funds to the account designated by the Administrative Agent pursuant to the Credit Agreement. 

This Swing Line Note is one of the Swing Line Notes referred to in, and evidences Indebtedness incurred under, the Credit Agreement, to
which reference is made for a description of the security for this Swing Line Note and for a statement of the terms and conditions on which the [Canadian] / [U.S.] Borrower is permitted and required to make prepayments and repayments of principal of
the Indebtedness evidenced by this Swing Line Note and on which such Indebtedness may be declared to be immediately due and payable. 
  

 

	1 	Use if Canadian Borrower. 

	2 	Use if U.S. Borrower. 

  
 Exhibit A-4-1

 All parties hereto, whether as makers, endorsers, or otherwise, severally waive presentment
for payment, demand, protest and notice of dishonor. 

  
 Exhibit A-4-2

 THIS NOTE HAS BEEN DELIVERED IN NEW YORK, NEW YORK AND SHALL BE DEEMED TO BE A CONTRACT
MADE UNDER AND GOVERNED BY THE INTERNAL LAWS OF THE STATE OF NEW YORK. (INCLUDING FOR SUCH PURPOSE SECTIONS 5-1401 AND 5-1402 OF THE GENERAL OBLIGATIONS LAW OF THE STATE OF NEW YORK). 

 

			
	[MITEL NETWORKS CORPORATION
		
	By:	 	  

		 	Name:
		 	Title:]
	
	[MITEL US HOLDINGS, INC.
		
	By:	 	  

		 	Name:
		 	Title:]

  
 Exhibit A-4-3

 SWING LINE LOANS AND PRINCIPAL PAYMENTS 

 

															
	 Date
	  	 Amount of
Swing Line
Loan Made
[C$]
[$]
	  	 Canadian Prime
Rate
	  	 Alternate Base
Rate
	  	 Amount of
Principal Repaid
	  	 Unpaid Principal
Balance
	  	 Total
	  	 Notation

Made By

  
 Exhibit A-4-4

 EXHIBIT A-5 
 RESERVED 

  
 Exhibit A-5-1

 EXHIBIT A-6 
 FORM OF 
 ACCEPTANCE NOTE 

 

			
	C$            	  	        , 20            

 FOR VALUE RECEIVED, Mitel Networks Corporation, a company organized under the laws of Canada (the
“Canadian Borrower”) hereby promises to pay to the order of             and its registered assigns (the “Canadian Lender”) the principal sum of
            CANADIAN DOLLARS (C$            ). The undiscounted principal amount hereof shall be repaid on
            ,             . The Canadian Borrower further agrees that interest shall be paid herein by the Canadian Lender
discounting the face amount of this Acceptance Note in the manner described in Section 2.8.3 of that certain First Lien Credit Agreement, dated as of February [        ], 2013 (as amended,
supplemented, amended and restated or otherwise modified from time to time, the “Credit Agreement”), among the Canadian Borrower, Mitel US Holdings, Inc., a Delaware corporation (the “U.S. Borrower”), the various
financial institutions and other Persons (as defined therein) from time to time parties thereto, as the Lenders and Bank of America, N.A. (“Bank of America”), as the Administrative Agent and the Collateral Agent. Terms used in this
Acceptance Note, unless otherwise defined herein, have the meanings provided in the Credit Agreement. 
 Payments of both
principal and interest are to be made in Canadian Dollars in same day or immediately available funds to the account designated by the Administrative Agent pursuant to the Credit Agreement. 

This Acceptance Note is one of the Acceptance Notes referred to in, and evidences Indebtedness incurred under, the Credit Agreement, to
which reference is made for a description of the security for this Acceptance Note and for a statement of the terms and conditions on which the Canadian Revolving Loan Borrowers are permitted and required to make prepayments and repayments of
principal of the Indebtedness evidenced by this Acceptance Note and on which such Indebtedness may be declared to be immediately due and payable. 
 All parties hereto, whether as makers, endorsers, or otherwise, severally waive presentment for payment, demand, protest and notice of dishonor. 

  
 Exhibit A-6-1

 THIS ACCEPTANCE NOTE HAS BEEN DELIVERED IN NEW YORK, NEW YORK AND SHALL BE DEEMED TO BE A
CONTRACT MADE UNDER AND GOVERNED BY THE INTERNAL LAWS OF THE STATE OF NEW YORK. (INCLUDING FOR SUCH PURPOSE SECTIONS 5-1401 AND 5-1402 OF THE GENERAL OBLIGATIONS LAW OF THE STATE OF NEW YORK). 

 

			
	MITEL NETWORKS CORPORATION
		
	By:	 	  

		 	Name:
		 	Title:

  
 Exhibit A-6-2

 EXHIBIT B-1 
 FORM OF 
 CANADIAN REVOLVING LOAN 

BORROWING REQUEST 
 [             ,             ] 

Bank of America, N.A., 
 as the
Administrative Agent 
 Mail Code: TX1-492-14-06 
 Bank of America Plaza 
 901 Main Street 
 Dallas, TX 75202-3714 
 Attn: Pat Tomek 
 Phone: 1.214.209.4116 
 Fax: 1.214.290.9455 

Email: patricia.a.tomek@baml.com 
 MITEL NETWORKS CORPORATION 
 Ladies and Gentlemen: 

This Borrowing Request is delivered to you pursuant to Section 2.3 of the First Lien Credit Agreement, dated as of February
[        ], 2013 (as amended, supplemented, amended and restated or otherwise modified from time to time, the “Credit Agreement”), among Mitel Networks Corporation, a company organized under
the laws of Canada (the “Canadian Borrower”), Mitel US Holdings, Inc., a Delaware corporation (the “U.S. Borrower”), the various financial institutions and other Persons (as defined therein) from time to time
parties thereto, as the Lenders and Bank of America, N.A. (“Bank of America”), as the Administrative Agent and the Collateral Agent. Terms used in this Borrowing Request, unless otherwise defined herein, have the meanings provided
in the Credit Agreement. 
 [The undersigned Canadian Borrower hereby requests that a Canadian
Revolving Loan be made in the aggregate principal amount of [C][$]            on             ,
            as a [LIBO Rate Loan3 having an Interest Period of [1][2][3][6] months] [Canadian BA4 having an Interest Period of [30][60][90][180] days] [Alternate Base Rate
Loan5] [Canadian Prime Rate Loan6.]] 

 

	3 	For Canadian Revolving Loans denominated in U.S. Dollars. 

	4 	For Canadian Revolving Loans denominated in Canadian Dollars. 

	

  
 Exhibit B-1-1

 The undersigned Canadian Borrower hereby acknowledges that, pursuant to Section 5.2.2
of the Credit Agreement, each of the delivery of this Borrowing Request and the acceptance by the undersigned Canadian Borrower of the proceeds of the Loans requested hereby constitutes a representation and warranty by the undersigned Canadian
Borrower that, on the date of the making of such Loans (both immediately before and after giving effect thereto and to the application of the proceeds therefrom) all statements set forth in Section 5.2.1 of the Credit Agreement are true and
correct. 
 The undersigned Canadian Borrower agrees that if prior to the time of the Borrowing requested hereby any matter
certified to herein by it will not be true and correct in all material respects at such time as if then made, it will immediately so notify the Administrative Agent. Unless the Administrative Agent shall receive prior written notice to the contrary
from the undersigned Canadian Borrower, each matter certified to herein shall be deemed certified as true and correct in all material respects on the date of such Borrowing as if then made. 

Please wire transfer the proceeds of the Borrowing to the accounts of the following persons at the financial institutions indicated
respectively: 
  

									
	 	  	 Person to be Paid
	  	 	 	 
	 Amount to be Transferred
	  	 Name
	  	 Account No.
	  	 Name, Address, etc. of Transferee
Lender

		  		  		  	  

		  		  		  	  

	[C] [$]            	  	  
	  		  	Attention:	 	  

		  		  		  	  

		  		  		  	  

	[C] [$]            	  	  
	  		  	Attention:	 	  

		  		  		  	  

		  		  		  	  

	[C] [$]            	  	  
	  		  	Attention:	 	  

		  		  		  	  

		  		  		  	  

	Balance of such proceeds	  	The Canadian Borrower	  	  
	  	Attention:	 	  

  
  

	5 	For Canadian Revolving Loans denominated in U.S. Dollars. 

	6 	For Canadian Revolving Loans denominated in Canadian Dollars. 

  
 Exhibit B-1-2

 IN WITNESS WHEREOF, the undersigned Canadian Borrower has caused this Borrowing Request to
be executed and delivered, and the certification and warranties contained herein to be made, by its duly Authorized Officer on the date first written above. 

 

			
	MITEL NETWORKS CORPORATION
		
	By:	 	  

		 	Name:
		 	Title:

  
 Exhibit B-1-3

 EXHIBIT B-2 
 FORM OF 
 TERM LOAN/U.S. REVOLVING LOAN BORROWING REQUEST

 Bank of America, N.A. 

  as Administrative Agent 
 Mail Code:
TX1-492-14-06 
 Bank of America Plaza 

901 Main Street 
 Dallas, TX 75202-3714

 Attn: Pat Tomek 
 Phone:
1.214.209.4116 
 Fax: 1.214.290.9455 

Email: patricia.a.tomek@baml.com 
 MITEL US HOLDINGS, INC. 
 Ladies and Gentlemen: 

This Borrowing Request is delivered to you pursuant to Section 2.3 of the First Lien Credit Agreement, dated as of February
[        ], 2013 (as amended, supplemented, amended and restated or otherwise modified from time to time, the “Credit Agreement”), among Mitel Networks Corporation, a company organized under
the laws of Canada (the “Canadian Borrower”), Mitel US Holdings, Inc., a Delaware corporation (the “U.S. Borrower”), the various financial institutions and other Persons (as defined therein) from time to time
parties thereto, as the Lenders and Bank of America, N.A. (“Bank of America”). Terms used in this Borrowing Request, unless otherwise defined herein, have the meanings provided in the Credit Agreement. 

[U.S. Borrower hereby requests that a Term Loan be made in the aggregate principal amount of
$            on             ,             as an [Alternate
Base Rate Loan] [LIBO Rate Loan having an Interest Period of             months]]. 
 [The undersigned U.S. Borrower hereby request that a U.S. Revolving Loan be made in the aggregate principal amount of $            on
            ,             as an [Alternate Base Rate Loan] [LIBO Rate Loan having an Interest Period of
            months]]. 
 [The undersigned U.S. Borrower
hereby request that a U.S. Swing Line Loan be made in the aggregate principal amount of $            on             ,
            as an [Alternate Base Rate Loan] [LIBO Rate Loan having an Interest Period of
            months]]. 
 The undersigned U.S. Borrower
hereby acknowledges that, pursuant to Section 5.2.2 of the Credit Agreement, each of the delivery of this Borrowing Request and the acceptance by the undersigned U.S. Borrower of the proceeds of the Loans requested hereby constitutes a
representation and warranty by the undersigned U.S. Borrower that, on the date of the making of such Loans, and both before and after giving effect thereto and to the application of the proceeds therefrom, all statements set forth in
Section 5.2.1 of the Credit Agreement are true and correct. 

  
 Exhibit B-2-1

 The undersigned U.S. Borrower agrees that if prior to the time of the Borrowing
requested hereby any matter certified to herein by it will not be true and correct in all material respects at such time as if then made, it will immediately so notify the Administrative Agent. Except to the extent, if any, that prior to the time of
the Borrowing requested hereby the Administrative Agent shall receive written notice to the contrary from the undersigned U.S. Borrower, each matter certified to herein shall be deemed to be certified as true and correct in all material
respects at the date of such Borrowing as if then made. 
 Please wire transfer the proceeds of the Borrowing to the accounts of
the following persons at the financial institutions indicated respectively: 
  

											
	 	  	 Person to be Paid
	  	 	  	 
	 Amount to be Transferred
	  	 Name
	  	 	  	 Account

No.
	  	 	  	 Name, Address, etc. of
Transferee
Lender

	 	  	 	  	 	  	 	  	 	  	  

	 	  	 	  	 	  	 	  	 	  	  

	 $
	  	  
	  		  	 	  		  	Attention:                           

		  		  		  		  		  	 
		  		  		  		  		  	 
	 $
	  	  
	  		  	 	  		  	Attention:                           

		  		  		  		  		  	 
		  		  		  		  		  	 
	 $
	  	  
	  		  	 	  		  	Attention:                           

		  		  		  		  		  	 
		  		  		  		  		  	 
	 Balance of such proceeds
	  	[U.S. Borrower]	  		  	 	  		  	Attention:                           

  

  
 Exhibit B-2-2

 IN WITNESS WHEREOF, the undersigned U.S. Borrower has caused this Borrowing Request to
be executed and delivered, and the certifications and warranties contained herein to be made, by its duly Authorized Officer this             day of
            ,             . 
  

			
	MITEL US HOLDINGS, INC.
		
	By:	 	  

		 	Name:
		 	Title:

  
 Exhibit B-2-3

 EXHIBIT C-1 
 FORM OF 
 CANADIAN REVOLVING LOAN 

CONTINUATION/CONVERSION NOTICE 
 [            ,             ] 

Bank of America, N.A. , 
   as
Administrative Agent 
 Mail Code: TX1-492-14-06 
 Bank of America Plaza 
 901 Main Street 
 Dallas, TX 75202-3714 
 Attn: Pat Tomek 
 Phone: 1.214.209.4116 
 Fax: 1.214.290.9455 

Email: patricia.a.tomek@baml.com 
 MITEL NETWORKS CORPORATION 
 Ladies and Gentlemen: 

This Continuation/Conversion Notice is delivered to you pursuant to Section 2.4 of the First Lien Credit Agreement, dated as of February
[        ], 2013 (as amended, supplemented, amended and restated or otherwise modified from time to time, the “Credit Agreement”), among Mitel Networks Corporation, a company organized under
the laws of Canada (the “Canadian Borrower”), Mitel US Holdings, Inc., a Delaware corporation (the “U.S. Borrower”), the various financial institutions and other Persons (as defined therein) from time to time
parties thereto, as the Lenders and Bank of America, N.A. (“Bank of America”), as the Administrative Agent and the Collateral Agent. Terms used herein, unless otherwise defined herein, have the meanings provided in the Credit
Agreement. 
 The Canadian Borrower hereby requests that on
            ,             (the “Continuation/Conversion Date”), 

(1) [C] [$]            of the presently
outstanding principal amount of the Canadian Revolving Loans originally made on             ,             , 

(2) all presently being maintained as [Alternate Base Rate Loans][Canadian Prime Rate Loans] [LIBO
Rate Loans having an Interest Period ending on the Continuation/Conversion Date][Canadian BAs having an Interest period ending on the Continuation/Conversion Date], 

(3) be [converted into] [continued as], 

  
 Exhibit C-1-1

 (4) [LIBO Rate Loans7 having an Interest Period of
[1][2][3][6] months] [Canadian BA having an Interest Period of [30][60][90][180] days]8 [Alternate Base Rate Loans9][Canadian Prime Rate Loans10].11 
 The Canadian Borrower hereby: 
 (a) certifies and warrants that no
Default has occurred and is continuing; and 
 (b) agrees that if prior to the time of the
[continuation] [conversion] requested hereby any matter certified to herein by it will not be true and correct in all material respects at such time as if then made, it will immediately so notify the Administrative Agent.

 Except to the extent, if any, that prior to the time of the [continuation] [conversion] requested hereby the
Administrative Agent shall receive written notice to the contrary from the Canadian Borrower, each matter certified to herein shall be deemed once again to be certified as true and correct in all material respects at the date of such
[continuation] [conversion] as if then made. 
  

	7 	For Canadian Revolving Loans denominated in U.S. Dollars. 

	8 	For Canadian Revolving Loans denominated in Canadian Dollars. 

	9 	For Canadian Revolving Loans denominated in U.S. Dollars. 

	10 	For Canadian Revolving Loans denominated in Canadian Dollars. 

	11 	May select Interest Period of 12 months or fewer if consented to by all Lenders. 

  
 Exhibit C-1-2

 IN WITNESS WHEREOF, the Canadian Borrower has caused this Continuation/Conversion Notice to
be executed and delivered, and the certifications and warranties contained herein to be made, by its duly Authorized Officer this             day of
            ,             . 
  

			
	MITEL NETWORKS CORPORATION
		
	By:	 	 
		 	Name:
		 	Title:

  

  
 Exhibit C-1-3

 EXHIBIT C-2 
 FORM OF TERM LOAN/U.S. REVOLVING LOAN 
 CONTINUATION/CONVERSION
NOTICE 
 [            ,
            ] 
 Bank of America, N.A., 

  as Administrative Agent 
 Mail Code:
TX1-492-14-06 
 Bank of America Plaza 

901 Main Street 
 Dallas, TX 75202-3714

 Attn: Pat Tomek 
 Phone:
1.214.209.4116 
 Fax: 1.214.290.9455 

Email: patricia.a.tomek@baml.com 
 MITEL US HOLDINGS, INC., 
 Ladies and Gentlemen: 

This Continuation/Conversion Notice is delivered to you pursuant to Section 2.4 of the First Lien Credit Agreement, dated as of February
[        ], 2013 (as amended, supplemented, amended and restated or otherwise modified from time to time, the “Credit Agreement”), among Mitel Networks Corporation, a company organized under
the laws of Canada (the “Canadian Borrower”), Mitel US Holdings, Inc., a Delaware corporation (the “U.S. Borrower”), the various financial institutions and other Persons (as defined therein) from time to time
parties thereto, as the Lenders and Bank of America, N.A. (“Bank of America”), as the Administrative Agent and the Collateral Agent. Terms used herein, unless otherwise defined herein, have the meanings provided in the Credit
Agreement. 
 The undersigned U.S. Borrower hereby requests that on
            ,             , 
 (1) $            of the presently outstanding principal amount of the [U.S. Revolving Loans] [Term Loans] originally
made on             ,             , presently being maintained as [Alternate Base Rate Loans][LIBO Rate
Loans], 
 (2) be [converted into] [continued as], 

  
 Exhibit C-2-1

 (3) [LIBO Rate Loans having an Interest Period of
[1][2][3][6] months]12
[Alternate Base Rate Loans]. 
 The undersigned U.S. Borrower hereby: 

(a) certifies and warrants that no Default has occurred and is continuing; and 

(b) agrees that if prior to the time of the [continuation] [conversion] requested hereby any matter
certified to herein by it will not be true and correct in all material respects at such time as if then made, it will immediately so notify the Administrative Agent. 
 Except to the extent, if any, that prior to the time of the [continuation] [conversion] requested hereby the Administrative Agent shall receive written notice to the contrary from the
undersigned U.S. Borrower, each matter certified to herein shall be deemed once again to be certified as true and correct in all material respects at the date of such [continuation] [conversion] as if then made. 

 

	12 	May select Interest Period of 12 months or fewer if consented to by all Lenders. 

  
 Exhibit C-2-2

 IN WITNESS WHEREOF, the undersigned U.S. Borrower has caused this
Continuation/Conversion Notice to be executed and delivered, and the certifications and warranties contained herein to be made, by its duly Authorized Officer this             day of
            ,             . 
  

			
	MITEL US HOLDINGS, INC.
		
	By:	 	  

		 	Name:
		 	Title:

  
 Exhibit C-2-3

 EXHIBIT D 
 FORM OF 
 LENDER ASSIGNMENT AGREEMENT 

(Credit Agreement) 
 This Lender Assignment Agreement (this “Assignment”) is dated as of the Effective Date set forth below and is entered into by and between [Insert name of Assignor] (the
“Assignor”) and [Insert name of Assignee] (the “Assignee”). Capitalized terms used but not defined herein shall have the meanings given to them in the Credit Agreement identified below (the “Credit
Agreement”), receipt of a copy of which is hereby acknowledged by the Assignee. The Standard Terms and Conditions set forth in Annex 1 attached hereto are hereby agreed to and incorporated herein by reference and made a part of this
Assignment 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, the interest in and to all of the Assignor’s rights and obligations under the Credit Agreement and any other documents or instruments delivered pursuant thereto that represents the amount and percentage interest
identified below of all of the Assignor’s outstanding rights and obligations under the respective facilities identified below (including, to the extent included in any such facilities, Letters of Credit) (the “Assigned
Interest”). Such sale and assignment is without recourse to the Assignor and, except as expressly provided in this Assignment, without representation or warranty by the Assignor or the Administrative Agent. Any such sale or assignment to a
Disqualified Lender shall be void ab initio, unless such sale or assignment is approved by the Borrower. 
  

							
	1.	  	Assignor:	  		  	
				
	2.	  	Assignee:	  		  	[and is an [existing Lender][Affiliate of an existing Lender][Approved Fund]]13
				
	3.	  	Administrative Agent:	  		  	Bank of America, N.A., as the Administrative Agent under the Credit Agreement.
				
	4.
	  	Credit Agreement:	  		  	The First Lien Credit Agreement, dated as of February [    ], 2013 (as amended, supplemented, amended and restated or otherwise modified from time to time, the
“Credit Agreement”), among Mitel Networks Corporation, a company organized under the laws of Canada (the “Canadian Borrower”), Mitel US Holdings, Inc., a Delaware corporation (the “U.S.
Borrower”; the U.S. Borrower together with the Canadian Borrower, collectively, the “Borrowers” and each a “Borrower”), the various financial institutions and other Persons (as defined therein) from time to
time parties thereto, as the Lenders and Bank of America, N.A. (“Bank of America”), as the Administrative Agent and the Collateral Agent.
				
	5.	  	Assigned Interest:	  		  	

  

	13 	Select as applicable. 

  
 Exhibit D-1

 REVOLVING LOAN: 
  

					
	 Aggregate Amount of

Commitment for all

Revolving Loan Lenders
	  	 Amount of Commitment

Assigned
	  	 Percentage Assigned of

Commitment14

	 $            
	  	$            	  	    %

 TERM LOAN: 
  

					
	 Aggregate Amount of Loans

for all Term Loan Lenders
	  	 Amount of Term Loans

Assigned
	  	 Percentage Assigned of Term

Loans15

	 $            
	  	$            	  	    %

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

	14 	Set forth, to at least 9 decimals, as a percentage of the Commitment of all Revolving Loan Lenders thereunder. 

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

  
 Exhibit D-2

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

 

			
	ASSIGNOR
	            [NAME OF ASSIGNOR]
		
	By:	 	  

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

		 	Name:
		 	Title:
	
	Accepted and Acknowledged this             day of
            ,             :
	
	[BANK OF AMERICA, N.A. as Administrative Agent [and as Issuer]]
		
	By:	 	  

		 	Name:
		 	Title:
	
	 [[ISSUER],

            as Issuer

		
	By:	 	  

		 	Name:
		 	Title:
                                
]16

  
  

	16 	If required. 

  
 Exhibit D-3

 
			
	[Accepted and Acknowledged
	 this            day of
            ,         :

	
	MITEL NETWORKS CORPORATION
		
	By:	 	  

		 	Name:
		 	Title:]17

  
  

	17 	If required. 

  
 Exhibit D-4

 ANNEX 1 
 STANDARD TERMS AND CONDITIONS FOR ASSIGNMENT 
 AND ASSUMPTION AGREEMENT

 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 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 any Loan Document, (ii) the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Credit
Agreement or any other Loan Document or any collateral thereunder, (iii) the financial condition of the applicable Borrower, any of their respective Subsidiaries or Affiliates or any other Person obligated in respect of any Loan Document or
(iv) the performance or observance by the applicable Borrower, any of their respective Subsidiaries or Affiliates or any other Person of any of their respective obligations under any Loan Document. 

1.2. Assignee. The Assignee (a) represents and warrants that (i) it has full power and authority, and has taken all
action necessary, to execute and deliver this Assignment and 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
(other than any requirement that it be approved by the Administrative Agent, an Issuer or the applicable Borrower), (iii) from and after the Effective Date, it shall be bound by the provisions of the Credit Agreement 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 the Section 7.1.1 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 to purchase the Assigned Interest on the basis of which it has made such analysis and decision,
(v) if necessary, attached hereto is any documentation required to be delivered by it pursuant to Section 4.6 of the Credit Agreement, duly completed and executed by the Assignee, and (vi) after reviewing the entire Schedule 1.01 of
the Disclosure Schedule, it is not a Disqualified Lender; and (b) agrees that (i) it will, independently and without reliance on the Administrative Agent, the Assignor or any other Lender, and based on such documents and information as it
shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under the Loan Documents, and (ii) it will perform in accordance with their terms all of the obligations which by the terms of the Loan
Documents are required to be performed by it as a Lender (and, specifically, as a Lender of the Loans for which it is taking an assignment hereunder). [The Assignee confirms that
            will be acting as the Canadian Facility Lender and that             will be acting as the Related
U.S. Lender.]18 

 
  

	18 	To be used in connection with assignments of the Revolving Loan Facility. 

  
 Exhibit D-5

 2. Payments. From and after the Effective Date, the Administrative Agent shall make
all payments in respect of the Assigned Interest (including payments of principal, interest, fees and other amounts) to the Assignor for amounts which have accrued to but excluding the Effective Date and to the Assignee for amounts which have
accrued from and after the Effective Date. 
 3. Consent. Notwithstanding any other provisions hereof, to the extent the
approvals or consents of or notice to the applicable Borrower, the Administrative Agent and/or any Issuer are required for the Assignee to be an “Eligible Assignee” or under Section 12.10.2 of the Credit Agreement, the assignment and
delegation contemplated in this Assignment shall not be effective unless such approvals, consents or notices shall have been obtained and in any event no such assignment and delegation shall be effective unless and until such assignment has been
recorded in the Assignment Register by the Administrative Agent. 
 4. General Provisions. This Assignment shall be
binding upon, and inure to the benefit of, the parties hereto and their respective successors and assigns. This Assignment 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 by telecopy shall be effective as delivery of a manually executed counterpart of this Assignment. This Assignment shall be governed by, and construed in accordance with, the law of the State of New
York. 

  
 Exhibit D-6

 EXHIBIT E 
 FORM OF 
 COMPLIANCE CERTIFICATE 

(Credit Agreement) 
 MITEL NETWORKS CORPORATION 
 This Compliance Certificate (this
“Certificate”) is delivered by Mitel Networks Corporation (the “Parent”), a company organized under the laws of Canada pursuant to clause (c) of Section 7.1.1 of that certain First Lien Credit Agreement,
dated as of February [    ], 2013 (as amended, supplemented, amended and restated or otherwise modified from time to time, the “Credit Agreement”), among the Parent, as the Canadian Borrower, Mitel US
Holdings, Inc., a Delaware corporation, as the U.S. Borrower, the various financial institutions and other Persons (as defined therein) from time to time parties thereto, as the Lenders and Bank of America, N.A. (“Bank of
America”), as the Administrative Agent and the Collateral Agent. Terms used herein, unless otherwise defined herein, have the meanings provided in the Credit Agreement. 

This Certificate relates to the             [Fiscal Quarter] [Fiscal Year],
commencing on             ,             and ending on             ,
            (such latter date being the “Computation Date”). 
 The undersigned is duly authorized to execute and deliver this Certificate on behalf of the Parent. By executing this Certificate each of the undersigned hereby certifies to the Administrative Agent and
Lenders that as of the Computation Date: 
 (c) Attached hereto as Annex I 

[are the unaudited consolidated balance sheets of the Parent and its Subsidiaries as at the Fiscal Quarter ended
[            ] and the consolidated statements of income and cash flow of the Parent and its Subsidiaries for such Fiscal Quarter and for the period commencing at the end of the previous
Fiscal Year and ending with the end of such Fiscal Quarter, including, in each case, in comparative form the figures for the corresponding Fiscal Quarter in, and year to date portion of, the immediately preceding Fiscal Year, certified as complete
and correct by the chief financial or accounting Authorized Officer of the Parent (subject to normal year-end audit adjustments)]19 

 

	19 	INCLUDE FOR QUARTERLY FINANCIAL DELIVERABLES. 

  
 Exhibit E-1

 [are copies of the consolidated balance sheets of the Parent and its Subsidiaries, and the
related consolidated statements of income and cash flow of the Parent and its Subsidiaries, for the Fiscal Year ended [            ], setting forth in comparative form the figures for the
immediately preceding Fiscal Year, audited (without any Impermissible Qualification) by [            ], an independent public accountant acceptable to the Administrative Agent, which shall
includes a calculation of the Leverage Ratio and states that, in performing the examination necessary to deliver the audited consolidated financial statements of the Parent, no knowledge was obtained of any Event of Default (such certificate may be
limited to accounting matters and disclaim responsibility for legal interpretation).]20 
 (d) Attached hereto as Annex II 

[is a copy of management’s discussion and analysis of the financial condition and results of operations for the
Fiscal Year ended [            ], as compared to the previous Fiscal Year and budgeted amounts]. 
 (e) The financial statements delivered with this Certificate in accordance with clauses (a) or (b) of Section 7.1.1 of the Credit Agreement fairly present in all material respects the
financial condition of the Parent and its Subsidiaries (subject to the absence of footnotes and to normal year-end adjustments in the case of unaudited financial statements). 

(f) Any other information presented in connection with this Certificate (including the Attachments hereto) is correct and
complete in all material respects. 
 (g) The Leverage Ratio on the Computation Date was
[            :1], as computed on Attachment 2 hereto. 
 (h) No Default or Event of Default has occurred and is continuing, except as set forth on Attachment 3 hereto, which includes a description of the nature and period of existence of such
Default or Event of Default and what action the Parent, the Borrower or any other Obligor has taken, is taking and proposes to take with respect thereto. 
 (i) [Excess Cash Flow, as demonstrated by the calculation on Attachment 4 hereto, for the Fiscal Year ending             equals
$            .]21 
 (j) Except as set forth on Attachment 5 hereto,
subsequent to the date of the most recent Compliance Certificate submitted by the undersigned pursuant to clause (c) of Section 7.1.1 of the Credit Agreement, [no Subsidiary has been formed or acquired]/[each Material Subsidiary that has
been formed or acquired since such date has complied with Section 7.1.8 of the Credit Agreement] . 
  

	20 	INCLUDE FOR ANNUAL FINANCIAL DELIVERABLES. 

	21 	INCLUDE FOR ANNUAL FINANCIAL DELIVERABLES. 

  
 Exhibit E-2

 IN WITNESS WHEREOF, the undersigned has caused this Certificate to be executed and
delivered, and the certification and warranties contained herein to be made, by its chief financial or accounting Authorized Officer as of the date first above written. 

 

			
	MITEL NETWORKS CORPORATION
		
	By:	 	  

		 	Name:
		 	Title:

  
 Exhibit E-3

 Attachment 1 
 (to     /    /            Compliance 

Certificate) 

CONSOLIDATED EBITDA22 
  

					
	 1. Consolidated EBITDA for the four consecutive Fiscal Quarters ending on the Computation Date (the “Computation
Period”):

			
	 (a) Net Income for the Computation Period:
	 		 	
			
	 (i) the aggregate of all amounts which would be included as net income on the consolidated financial statements of the Parent and
its Subsidiaries for the Computation Period in accordance with GAAP.
	 	$	 	
		 		 	  

			
	 (ii) Extraordinary gains otherwise included in such Net Income during the Computation Period.
	 	$	 	
		 		 	  

			
	 (iii) Extraordinary losses otherwise included in such Net Income during the Computation Period.
	 	$	 	
		 		 	  

			
	 (iv) Net Income: Item 1(a)(i) minus the sum of Item 1(a)(ii) and
Item 1(a)(iii).
	 	$	 	
		 		 	  

			
	 Plus:
	 		 	
			
	 (b) In each case to the extent deducted in the calculation of Net Income set forth above, but without duplication (and all
determined in accordance with GAAP):
	 		 	
			
	 (i) income tax expense.
	 	$	 	
		 		 	  

			
	 (ii) interest expense.
	 	$	 	
		 		 	  

			
	 (iii) amounts attributable to the depreciation and amortization of assets.
	 	$	 	
		 		 	  

			
	 (iv) foreign exchange gains and losses.
	 	$	 	
		 		 	  

  

	22 	For all purposes, “Consolidated EBITDA” for the Fiscal Quarter ending January 31, 2012 shall be deemed to be $21,400,000, for the Fiscal Quarter ending
April 30, 2012 shall be deemed to be $26,400,000, for the Fiscal Quarter ending July 31, 2012 shall be deemed to be $12,400,000 and for the Fiscal Quarter ending October 31, 2012 shall be deemed to be $23,600,000, subject in each case
to any pro forma adjustments pursuant to Section 1.4 of the Credit Agreement. 

  
 Exhibit E-4

					
			
	 (v) extraordinary or unusual cash charges that are non-recurring in an amount not to exceed 15% of Consolidated EBITDA (as
calculated before giving effect to any addbacks pursuant to this clause (v) or clause (vii) below) for the Computation Period.
	 	$	 	
		 		 	  

			
	 (vi) extraordinary or unusual and non-recurring non-cash charges that do not represent a cash item in any Computation
Period.
	 	$	 	
		 		 	  

			
	 (vii) with respect to Consolidated EBITDA for the Parent, amounts attributable to restructuring costs in an amount not to exceed
during any period of four consecutive Fiscal Quarters 15% of Consolidated EBITDA (as calculated before giving effect to any addbacks pursuant to clause (v) above or this clause (vii)) for the Computation Period.
	 	$	 	
		 		 	  

			
	 (viii) costs and expenses incurred in connection with (x) the credit facilities under the Credit Agreement and the Second Lien
Credit Agreement and (y) any Permitted Acquisition (provided that, for purposes of this clause (y), the amount of costs and expenses relating to any Permitted Acquisition that may be added back to Net Income pursuant to clause
(b)(viii) hereof shall not exceed an amount equal to 10% of the purchase price for such Permitted Acquisition).
	 	$	 	
		 		 	  

			
	 (ix) without limiting the foregoing, costs and expenses incurred in connection with acquisition and disposition activity (whether
or not consummated) during the fiscal quarter ended January 31, 2013, in an aggregate amount not to exceed $6,500,000.
	 	$	 	
		 		 	  

			
	 (x) the sum of Item 1(b)(i) through Item 1(b)(ix).
	 	$	 	
		 		 	  

			
	 Minus:
	 		 	
			
	 (c) to the extent (and only to the extent) included in determining Net Income, income attributable to the cancellation of
Indebtedness issued by an Obligor (including as a result of a debt exchange).
	 	$	 	
		 		 	  

			
	 2. Consolidated EBITDA (Item 1(a)(iv) plus Item 1(b)(x) minus Item 1(c))
	 	$	 	
		 		 	  

  
 Exhibit E-5

 Attachment 2 
 (to     /    /            Compliance 

Certificate) 

LEVERAGE RATIO 
 for the Fiscal Quarter 
 ending on
            ,              
  

 

					
	 1. The Leverage Ratio for the Parent and its Subsidiaries as of the Computation Date equals:

			
	 (a) Consolidated Total Debt outstanding as of the Computation Date determined on a pro forma basis as of the Computation
Date:
	 		 	
			
	 (i) the outstanding principal amount of all obligations for borrowed money or advances and all obligations evidenced by bonds,
debentures, notes or similar instruments.
	 	$	 	
		 		 	  

			
	 (ii) the outstanding principal amount of all obligations, contingent or otherwise, relative to the face amount of all letters of
credit, whether or not drawn, and banker’s acceptances issued for the account of Parent and its Subsidiaries (which in the case of Letter of Credit Outstandings shall exclude the aggregate amount which is undrawn and available under all issued
and outstanding Canadian Letters of Credit and U.S. Letters of Credit).
	 	$	 	
		 		 	  

			
	 (iii) the outstanding principal amount of all Capitalized Lease Liabilities.
	 	$	 	
		 		 	  

			
	 (iv) all Contingent Liabilities in respect of Item 1(a)(i) through Item 1(a)(iii).
	 	$	 	
		 		 	  

			
	 (b) The sum of Item 1(a)(i) through Item 1(a)(iv).
	 	$	 	
		 		 	  

			
	 (c) To the extent (but only to the extent) in excess of the amount permitted in clause (m) of
Section 7.2.2, the amount of all such Indebtedness of the type described in such clause (m).
	 	$	 	
		 		 	  

			
	 (d) The sum (without duplication) of Item (b) plus Item (c)
	 	$	 	
		 		 	  

  
 Exhibit E-6

					
	 (e) Consolidated unrestricted cash of the Parent and its Subsidiaries as of such date up to a maximum of $40,000,000 (provided
that such cash shall not be subject to any Lien other than a Lien in favor of the Collateral Agent for the benefit of the Secured Parties and other than Liens permitted under Section 7.2.3(f) and Section 7.2.3(k) of the Credit
Agreement).
	  	$	  	
		  		  	  

			
	 (f) Consolidated Total Debt (Item (d) minus Item (e)).
	  	$	  	
		  		  	  

			
	 (g) Consolidated EBITDA (as calculated in Attachment 1 hereto)
	  	$	  	
		  		  	  

			
	 2. Leverage Ratio (the ratio of Item 1(f) to Item 1(g))
	  	$	  	
		  		  	  

  
 Exhibit E-7

 Attachment 3 
 (to     /    /            Compliance 

Certificate) 

CONDITIONS OR EVENTS WHICH CONSTITUTE A DEFAULT OR 
 EVENT OF DEFAULT 
 [If any condition or event exists that constitutes a
Default or Event of Default, specify nature and period of existence and what action the Parent, the Borrowers or any other Obligor has taken, is taking or proposes to take with respect thereto; if no condition or event exists, state
“None.”] 

  
 Exhibit E-8

 Attachment 4 
 (to     /    /            Compliance 

Certificate) 

EXCESS CASH FLOW 
  

					
	 1. Excess Cash Flow is calculated for the Parent and its Subsidiaries for the Fiscal Year ended
[                    ], and is defined as follows:
	 		 	
			
	 (a) Consolidated EBITDA (as calculated in Attachment 1 hereto (for the Fiscal Year ended
[                    ]));
	 	$	 	
		 		 	  

			
	 (b) the sum, without duplication, of:
	 		 	
			
	 (i) Interest Expense actually paid in cash;
	 	$	 	
		 		 	  

			
	 (ii) scheduled principal repayments, to the extent actually made, of capitalized leases and of Term Loans pursuant to
clause (c) of Section 3.1.1 (exclusive of repayments made from a refinancing of any portion of such Indebtedness, or pursuant to Section 3.1.1, or made, directly or indirectly, in connection with a cancellation of
such Indebtedness of any Obligor, including as a result of any exchange or cancellation of such Indebtedness by such Obligor or any of its Affiliates);
	 	$	 	
		 		 	  

			
	 (iii) income Taxes actually paid in cash;
	 	$	 	
		 		 	  

			
	 (iv) Capital Expenditures made in cash (exclusive of Capital Expenditures financed with the proceeds of Indebtedness, equity
issuances, casualty proceeds or other proceeds which are not included in Consolidated EBITDA);
	 	$	 	
		 		 	  

			
	 (v) voluntary prepayments of Indebtedness (without limiting clause (ii) above);
	 	$	 	
		 		 	  

			
	 (vi) permitted Investments made during such Fiscal Year;
	 	$	 	
		 		 	  

			
	 (vii) cash portion of any consideration and related fees and expenses actually paid in connection with a Permitted
Acquisition;
	 	$	 	
		 		 	  

			
	 (viii) Consolidated Working Capital Adjustment;
	 	$	 	
		 		 	  

  
 Exhibit E-9

					
	 (ix) all cash charges to the extent added back to Net Income pursuant to clauses (iv), (v), (vii), (viii) and (ix) of part (b) of
Attachment 1
	 	$	 	
		 		 	  

			
	 (x) the sum of Items 1(b)(i) through (ix).
	 	$	 	
		 		 	  

			
	 2. Excess Cash Flow (Item (1)(a) minus Item (1)(b)(x))
	 	$	 	
		 		 	  

  

  
 Exhibit E-10

 Attachment 5 
 (to     /    /            Compliance 

Certificate) 

ORGANIZATION/LOCATION CHANGES 
 [If any Obligor has formed or acquired any new Subsidiary, such change shall be specified below; if no such change has been made, state “None.”] 

  
 Exhibit E-11

 ANNEX I 
 FINANCIAL INFORMATION 

  
 Exhibit E-12

 ANNEX II 
 MANAGEMENT DISCUSSION 

  
 Exhibit E-13

 EXHIBIT F 
 FORM OF 
 SUBSIDIARY GUARANTY 

See attached. 

  
 Exhibit F-1

 EXHIBIT G-1 
 FORM OF 
 U.S. PLEDGE AND SECURITY AGREEMENT 

See attached. 

  
 Exhibit G-1-1

 EXHIBIT G-2 
 FORM OF 
 CANADIAN PLEDGE AND SECURITY AGREEMENT 

See attached. 

  
 Exhibit G-2-1

 EXHIBIT H 
 FORM OF 
 INTERCOMPANY SUBORDINATION AGREEMENT 

See attached. 

  
 Exhibit H-1

 EXHIBIT I 
 FORM OF 
 INTERCREDITOR AGREEMENT 

See attached. 

  
 Exhibit I-1

 EXHIBIT J-1 
 FORM OF SPONSOR PERMITTED 
 ASSIGNEE ASSIGNMENT AGREEMENT

 Reference is made to the First Lien Credit Agreement, dated as of February [    ], 2013 (as
amended, supplemented, amended and restated or otherwise modified from time to time, the “Credit Agreement”), among Mitel Networks Corporation, a company organized under the laws of Canada (the “Canadian Borrower”),
Mitel US Holdings, Inc., a Delaware corporation (the “U.S. Borrower”), the various financial institutions and other Persons (as defined therein) from time to time parties thereto, as the Lenders and Bank of America, N.A., as the
Administrative Agent and the Collateral Agent (“Administrative Agent”). Capitalized terms used herein and not otherwise defined shall have the meanings assigned to them in the Credit Agreement. 

1.             (“Assignor”) hereby irrevocably sells and
assigns, without recourse, to             (“Assignee”), and Assignee and hereby irrevocably purchases and assumes, from Assignor, without recourse to Assignor, effective as
of the Effective Date set forth below (but not prior to the registration of the information contained herein in the Assignment Register), the interests set forth below (the “Assigned Interest”) in Assignor’s rights and
obligations with respect to the Term Loan Commitment and the Term Loans under the Credit Agreement and the other Loan Documents, which are outstanding immediately before the Effective Date. Assignee shall be a Sponsor Permitted Assignee. From and
after the Effective Date (i) Assignee shall be a party to and be bound by the provisions of the Credit Agreement and, to the extent of the interests assigned by this Sponsor Permitted Assignee Assignment Agreement (the “Assignment
Agreement”), have the rights and obligations of a Sponsor Permitted Assignee thereunder and under the Loan Documents and (ii) Assignor shall, to the extent of the interests assigned by this Assignment Agreement, relinquish its rights
and be released from its obligations under the Credit Agreement and the other Loan Documents. 
 2. Assignor (i) represents
and warrants that as of the Effective Date, it is the legal and beneficial owner of the interests assigned hereunder free and clear of any lien, encumbrance or other adverse claim created by Assignor and that its Term Loan Commitment and the
outstanding balance of its Term Loans without giving effect to assignments thereof which have not become effective, are as set forth in this Assignment Agreement; (ii) it has all necessary power and authority, and has taken all action
necessary, to execute and deliver this Assignment Agreement and to consummate the transactions contemplated hereby; and (iii) except as set forth above, makes no other representation or warranty and assumes no responsibility with respect to any
statements, warranties or representations made in or in connection with the Credit Agreement or the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Credit Agreement, any other Loan Document or any other
instrument or document furnished pursuant thereto, or the financial condition of any Borrower or any of its Subsidiaries or the performance or observance by any Borrower or any other Obligor of any of its obligations under the Credit Agreement, any
other Loan Document or any other instrument or document furnished pursuant thereto. 

  
 Exhibit J-1

 3. Assignee (i) represents and warrants that it is legally authorized to enter into
this Assignment Agreement; (ii) it has all necessary power and authority, and has taken all action necessary, to execute and deliver this Assignment Agreement and to consummate the transactions contemplated hereby and become a Lender under the
Credit Agreement and the other Loan Documents (iii) confirms that it has received a copy of the Credit Agreement, the other Loan Documents, together with copies of the most recent financial statements referred to in delivered pursuant to
Section 7.1.1 of the Credit Agreement and such other documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into this Assignment Agreement; (iv) agrees that it will,
independently and without reliance upon Administrative Agent, 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 Agreement, the other Loan Documents or any other instrument or document furnished pursuant hereto or thereto; (v) appoints and authorizes Administrative Agent to take such action as agent on its behalf and to exercise such
powers and discretion under the Credit Agreement, the other Loan Documents or any other instrument or document furnished pursuant hereto or thereto as are delegated to Administrative Agent by the terms thereof, together with such powers as are
reasonably incidental thereto; (vi) agrees that it will be bound by the provisions of the Credit Agreement and the other Loan Documents and will perform in accordance with their terms all obligations which by the terms of the Credit Agreement
and the other Loan Documents are required to be performed by it as a Sponsor Permitted Assignee including, for the avoidance of doubt, the requirements of Section 4.6 of the Credit Agreement as if it were a Lender; (vii) represents to
Assignor and the Administrative Agent that as of the Effective Date, neither it nor any person that directly or indirectly controls it, is in possession of any material non-public information regarding Parent, Borrower and its Subsidiaries, or their
respective assets or securities, that has not been disclosed generally to the Lenders which are not “public side” Lenders prior to such date; and (x) confirms that if a proceeding under any Debtor Relief Law shall be commenced by or
against a Borrower or any other Obligor at a time when it is a Sponsor Permitted Assignee, it irrevocably authorizes and empowers the Administrative Agent to vote on its behalf with respect to the Loans held by it in any manner in the Administrative
Agent’s sole discretion, unless the Administrative Agent instructs such Assignee to vote, in which case such Assignee shall vote with respect to the Loans held by it as the Administrative Agent directs; provided that such Assignee shall
be entitled to vote in accordance with its sole discretion (and not in accordance with the direction of the Administrative Agent) in connection with any plan of reorganization to the extent any such plan of reorganization proposes to treat any
Obligations held by such Assignee in a manner that is less favorable in any material respect to such Assignee than the proposed treatment of similar Obligations held by Lenders that are not Affiliates of the Borrower. 

4. The effective date of this Assignment Agreement shall be the Effective Date of Assignment described in Schedule 1 hereto (the
“Effective Date”). Following the execution of this Assignment Agreement, it will be delivered to the Administrative Agent for acceptance by it and recording by the Administrative Agent pursuant to the Credit Agreement. This
Assignment Agreement will be delivered to the Administrative Agent together with (a) to the extent applicable, the forms specified in Section 4.6 of the Credit Agreement, duly completed and executed by such Assignee; (b) if
Assignee is not already a Lender under the Credit Agreement, an Administrative Questionnaire; and (c) a processing and recordation fee of $3,500, if required under Section 12.10.2(b) of the Credit Agreement. 

  
 Exhibit J-1

 5. Upon such acceptance and recording, from and after the Effective Date, (i) Assignee
shall be a party to the Credit Agreement and, to the extent provided in this Assignment Agreement, have the rights and obligations of a Sponsor Permitted Assignee thereunder and under the other Loan Documents and shall be bound by the provisions
thereof and (ii) Assignor shall, to the extent provided in this Assignment Agreement, relinquish its rights (other than indemnification rights) and be released from its obligations under the Credit Agreement and the other Loan Documents.

 6. Upon such acceptance and recording, from and after the Effective Date, Administrative Agent shall make all payments in
respect of the interest assigned hereby (including payments of principal, interest, fees and other amounts) to Assignee. Assignor and Assignee shall make all appropriate adjustments in payments for periods prior to the Effective Date with respect to
the making of this assignment directly between themselves. 
 7. Assignee hereby grants during the term of this Assignment
Agreement to the Administrative Agent an irrevocable power of attorney (which power is coupled with an interest) with full authority in the place and stead of Assignee and in the name of Assignee, from time to time in the Administrative Agent’s
discretion, to take any action and to execute any document, agreement, certificate and other instrument that the Administrative Agent may deem reasonably necessary or desirable to carry out the provisions of, or purpose of,
Section 12.10.2(f) of the Credit Agreement. This Assignment Agreement shall not be amended, modified, waived or supplemented without the prior written consent of Assignor, Assignee and the Administrative Agent. 

8. THIS ASSIGNMENT AGREEMENT SHALL BE DEEMED TO BE A CONTRACT MADE UNDER AND GOVERNED BY THE INTERNAL LAWS OF THE STATE OF NEW YORK
(INCLUDING FOR SUCH PURPOSE SECTIONS 5-1401 AND 5-1402 OF THE GENERAL OBLIGATIONS LAW OF THE STATE OF NEW YORK). 
 9. This
Assignment Agreement may be executed in any number of counterparts and by the different parties hereto on separate counterparts and each such counterpart shall be deemed to be an original, but all such counterparts shall together constitute but one
and the same Assignment Agreement. Receipt by telecopy of any executed signature page to this Assignment Agreement shall constitute effective delivery of such signature page. 
  

  
 Exhibit J-1

 SCHEDULE 1 
 to 
 Sponsor Permitted Assignment Agreement 

Effective Date of
Assignment:                                       
   
 Legal Name of
Assignor:                                       
   
 Legal Name of
Assignee:                                       
   
 Assignee’s Address for
Notices:                                       
   
 Percentage Assigned of Term
Loan/Commitment:                                      
    
  

									
	 Term Loan/Commitment
	  	Principal Amount Assigned	 	  	Percentage Assigned of Term
Loan/Commitment (set forth,
to at least
15 decimals, as a
percentage of the Term
Loans and the aggregate
Term Loan Commitments of
all Lenders thereunder)	 
	 Term Loans
	  	$	            	  	  	 	    	% 

 [Signature Page Follows] 

  
 Exhibit J-1

 
			
	The terms set forth above are hereby agreed to:
		
		 	  

		 	as ASSIGNOR
		
	By:	 	  

		 	Name:
		 	Title:
		
		 	  

		 	as ASSIGNEE
		
	By:	 	  

		 	Name:
		 	Title:

  

			
	Accepted:
	
	BANK OF AMERICA, N.A.,as Administrative Agent
		
	By:	 	  

	 Name:
 Title:
	 	

  
 Exhibit J-1

 EXHIBIT J-2 
 FORM OF AFFILIATE ASSIGNMENT NOTICE 
 Bank of America, N.A. 

Mail Code: TX1-492-14-06 
 Bank of America Plaza

 901 Main Street 
 Dallas, TX
75202-3714 
 Attn: Pat Tomek 
 Phone:
1.214.209.4116 
 Fax: 1.214.290.9455 

Email: patricia.a.tomek@baml.com:23 
 Re: First
Lien Credit Agreement, dated as of February [    ], 2013 (as amended, supplemented, amended and restated or otherwise modified from time to time, the “Credit Agreement”), among Mitel Networks Corporation, a
company organized under the laws of Canada (the “Canadian Borrower”), Mitel US Holdings, Inc., a Delaware corporation (the “U.S. Borrower”), the various financial institutions and other Persons (as defined therein)
from time to time parties thereto, as the Lenders and Bank of America, N.A. (“Bank of America”), as the Administrative Agent and the Collateral Agent (“Administrative Agent”) 

Dear Sir: 
 The undersigned (the
“Proposed Affiliate Assignee”) hereby gives you notice, pursuant to Section 12.10.2(f)(iii) of the Credit Agreement, that 

(a) it has entered into an agreement to purchase via assignment a portion of the Term Loans under the Credit Agreement, 

(b) the assignor in the proposed assignment is [            ], 

(c) immediately after giving effect to such assignment of the Loans (if accepted), the Proposed Affiliate Assignee will be a Sponsor Permitted Assignee
because it is an Affiliate of [insert name of applicable Sponsor], 
 (d) the principal amount of Term Loans to be purchased by such Proposed
Affiliate Assignee in the assignment contemplated hereby is: $            , 
 (e)
the aggregate amount of all Loans held by such Proposed Affiliate Assignee and each other Sponsor Permitted Assignee which is an Affiliate of [insert name of Applicable Sponsor] after giving effect to the assignment hereunder (if accepted) is
$[            ], and 
 (f) the proposed effective date of the assignment
contemplated hereby is [            , 20    ]. 
  

 

	23 	The notice details set forth herein may be modified from time to time by notice from the Administrative Agent to the Lenders pursuant to Section 12.2 of the Credit
Agreement. 

  
 Exhibit J-2

 
			
	Very truly yours,
	
	[EXACT LEGAL NAME OF PROPOSED AFFILIATE ASSIGNEE]
		
	By:	 	  

		 	Name:
		 	Title:
		 	Phone Number:
		 	Fax:
		 	Email:
		
	Date:	 	  

  
 Exhibit J-2

 EXHIBIT K 
 FORM OF MASTER INTERCOMPANY NOTE 
 See attached. 

  
 Exhibit K

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