Document:

Exhibit 4.6

 

DESCRIPTION OF THE REGISTRANT’S
SECURITIES

REGISTERED PURSUANT TO SECTION 12 OF

THE SECURITIES EXCHANGE ACT OF 1934,
AS AMENDED

 

General

 

KBL Merger Corp. IV (the “Company”
or “we”) is incorporated in the state of Delaware. The rights of our stockholders are generally governed by Delaware
law, our amended and restated certificate of incorporation and our bylaws (each as amended and restated in effect as of the date
hereof).

 

This exhibit describes the general terms
of the following four classes of securities registered under Section 12 of the Securities Exchange Act of 1934, as amended: our
common stock, par value $0.0001 per share, warrants exercisable for one-half share of our common stock, rights exchangeable into
one-tenth of one share of common stock and units consisting of one share of common stock, one warrant and one right.

 

As of December 31, 2019, there were:

 

		●	3,968,533 shares of common stock outstanding;

 

		●	837,174 shares of common stock issuable
upon exercise of 523,234 outstanding units;

 

		●	1,147,926 shares common stock issuable
upon exercise of 11,479,266 outstanding rights; and

 

		●	11,479,266 warrants outstanding for the
purchase of an aggregate of 5,739,633 shares of common stock.

 

This exhibit is a summary and is not intended
to be a complete description of the rights and preferences of such securities. The terms of these securities may also be affected
by the Delaware General Corporation Law (“DGCL”). Our amended and restated certificate of incorporation and bylaws
as they exist on the date of this Annual Report on Form 10-K are incorporated by reference or filed as an exhibit to the Annual
Report on Form 10-K of which this exhibit is a part, and amendments or restatements of each will be filed with the Securities and
Exchange Commission (“SEC”) in future periodic or current reports in accordance with the rules of the SEC. The summary
below is qualified in its entirety by reference to our amended and restated certificate of incorporation and bylaws, which are
filed as exhibits to our Annual Report on Form 10-K of which this exhibit is a part.

 

Units

 

Each unit consists of one share of common
stock, one right, and one warrant. Each right entities the holder thereof to receive one-tenth (1/10) of one share of common stock
on the consummation of an initial business combination. Each warrant entitles the holder thereof to purchase one-half of one share
of our common stock at a price of $5.75 per half share, subject to adjustment as described in the warrant agreement included as
an exhibit to our Annual Report on Form 10-K filed. If a warrant holder holds two warrants, such warrants will be exercisable for
one share of our common stock at a price of $11.50 per share. Warrants must be exercised for whole shares of common stock. The
common stock, rights and warrants comprising the units began separate trading on the 52nd day following the closing our initial
public offering. Once the shares of common stock, rights and warrants commence separate trading, holders will have the option to
continue to hold units or separate their units into the component securities. Holders will need to have their brokers contact our
transfer agent in order to separate the units into shares of common stock, rights and warrants.

 

    1

     

    

 

Common Stock 

 

Common stockholders of record are entitled
to one vote for each share held on all matters to be voted on by stockholders. Unless specified in our amended and restated certificate
of incorporation or bylaws, or as required by applicable provisions of the DGCL or applicable stock exchange rules, the affirmative
vote of a majority of our shares of common stock that are voted is required to approve any such matter voted on by our stockholders.
Our board of directors is divided into two classes, each of which will generally serve for a term of two years with only one class
of directors being elected in each year. There is no cumulative voting with respect to the election of directors, with the result
that the holders of more than 50% of the shares voted for the election of directors can elect all of the directors. Our stockholders
are entitled to receive ratable dividends when, as and if declared by the board of directors out of funds legally available therefor.
All outstanding shares of our common stock are fully paid and non-assessable.

 

Because our amended and restated certificate
of incorporation authorizes the issuance of up to 35,000,000 shares of common stock, if we were to enter into a business combination,
we will likely (depending on the terms of such a business combination) be required to increase the number of shares of common stock
which we are authorized to issue at the same time as our stockholders vote on the business combination to the extent we seek stockholder
approval in connection with our business combination.

 

Under Section 211(b) of the DGCL, we are
required to hold an annual meeting of stockholders for the purposes of electing directors in accordance with our bylaws, unless
such election is made by written consent in lieu of such a meeting. We may not hold an annual meeting of stockholders to elect
new directors prior to the consummation of our initial business combination, and thus we may not be in compliance with Section
211(b) of the DGCL, which requires an annual meeting. Therefore, if our stockholders want us to hold an annual meeting prior to
the consummation of our initial business combination, they may attempt to force us to hold one by submitting an application to
the Delaware Court of Chancery in accordance with Section 211(c) of the DGCL.

 

    2

     

    

 

We will provide our public stockholders
with the opportunity to redeem all or a portion of their public shares upon the completion of our initial business combination
at a per-share price, payable in cash, equal to the aggregate amount then on deposit in our trust account as of two business days
prior to the consummation of our initial business combination, including interest (which interest shall be net of taxes payable),
divided by the number of then outstanding public shares, subject to the limitations described herein. The amount in our trust account
is initially anticipated to be approximately $10.10 per public share. The per-share amount we will distribute to investors who
properly redeem their shares will not be reduced by the deferred underwriting commissions we will pay to the underwriters. Our
sponsor, officers, directors and the underwriters have entered into letter agreements with us, pursuant to which they have agreed
to waive their redemption rights with respect to their founder shares, private placement shares and (except for the underwriters)
public shares in connection with the completion of our business combination. Unlike many blank check companies that hold stockholder
votes and conduct proxy solicitations in conjunction with their initial business combinations and provide for related redemptions
of public shares for cash upon completion of such initial business combinations even when a vote is not required by law, if a stockholder
vote is not required by law and we do not decide to hold a stockholder vote for business or other legal reasons, we will, pursuant
to our amended and restated certificate of incorporation, conduct the redemptions pursuant to the tender offer rules of the SEC,
and file tender offer documents with the SEC prior to completing our initial business combination. Our amended and restated certificate
of incorporation requires these tender offer documents to contain substantially the same financial and other information about
the initial business combination and the redemption rights as is required under the SEC’s proxy rules. If, however, a stockholder
approval of the transaction is required by law, or we decide to obtain stockholder approval for business or other legal reasons,
we will, like many blank check companies, offer to redeem shares in conjunction with a proxy solicitation pursuant to the proxy
rules and not pursuant to the tender offer rules. If we seek stockholder approval, we will complete our initial business combination
only if a majority of the outstanding shares of common stock voted are voted in favor of the business combination. However, the
participation of our sponsor, officers, directors, advisors or their affiliates in privately-negotiated transactions (as described
in our registration statement on Form S-1 that we filed with the SEC on April 26, 2017), if any, could result in the approval of
our business combination even if a majority of our public stockholders vote, or indicate their intention to vote, against such
business combination. For purposes of seeking approval of the majority of our outstanding shares of common stock, non-votes will
have no effect on the approval of our business combination once a quorum is obtained. We intend to give approximately 30 days (but
not less than 10 days nor more than 60 days) prior written notice of any such meeting, if required, at which a vote shall be taken
to approve our business combination.

 

If we seek stockholder approval of our
initial business combination and we do not conduct redemptions in connection with our business combination pursuant to the tender
offer rules, our amended and restated certificate of incorporation provides that a public stockholder, together with any affiliate
of such stockholder or any other person with whom such stockholder is acting in concert or as a “group” (as defined
under Section 13 of the Exchange Act), will be restricted from redeeming its shares with respect to more than an aggregate of 15%
of the shares sold in our initial public offering (the “Excess Shares”).

 

However, we would not be restricting our
stockholders’ ability to vote all of their shares (including Excess Shares) for or against our business combination.

 

Pursuant to our amended and restated certificate
of incorporation, if we are unable to complete our business combination by April 9, 2020 (or July 9, 2020 if extended), we will
(i) cease all operations except for the purpose of winding up, (ii) as promptly as reasonably possible but no more than ten business
days thereafter, subject to lawfully available funds therefor, redeem the public shares, at a per-share price, payable in cash,
equal to the aggregate amount then on deposit in our trust account, including interest (which interest shall be net of taxes payable
and less up to $50,000 of interest to pay liquidation expenses), divided by the number of then outstanding public shares, which
redemption will completely extinguish public stockholders’ rights as stockholders (including the right to receive further
liquidation distributions, if any), subject to applicable law, and (iii) as promptly as reasonably possible following such redemption,
subject to the approval of our remaining stockholders and our board of directors, dissolve and liquidate, subject in each case
to our obligations under Delaware law to provide for claims of creditors and the requirements of other applicable law. Our sponsor,
officer, directors and the underwriters have entered into letter agreements with us, pursuant to which they have agreed to waive
their rights to liquidating distributions from our trust account with respect to their founder shares and private placement shares
if we fail to complete our business combination by April 9, 2020 (or July 9, 2020 if extended). However, if they acquire public
shares in or after our initial public offering, they will be entitled to liquidating distributions from our trust account with
respect to such public shares if we fail to complete our business combination within the prescribed time period.

 

    3

     

    

 

In the event of our liquidation, dissolution
or winding up after a business combination, our stockholders are entitled to share ratably in all assets remaining available for
distribution to them after payment of liabilities and after provision is made for each class of stock, if any, having preference
over the common stock. Our stockholders have no preemptive or other subscription rights. There are no sinking fund provisions applicable
to the common stock, except that we will provide our public stockholders with the opportunity to redeem their public shares for
cash equal to their pro rata share of the aggregate amount then on deposit in our trust account, including interest (which interest
shall be net of taxes payable), upon the completion of our initial business combination, subject to the limitations described herein.

 

Preferred Stock

 

Our amended and restated certificate of
incorporation provides that shares of preferred stock may be issued from time to time in one or more series. Our board of directors
will be authorized to fix the voting rights, if any, designations, powers, preferences, the relative, participating, optional or
other special rights and any qualifications, limitations and restrictions thereof, applicable to the shares of each series. Our
board of directors will be able to, without stockholder approval, issue preferred stock with voting and other rights that could
adversely affect the voting power and other rights of the holders of the common stock and could have anti-takeover effects. The
ability of our board of directors to issue preferred stock without stockholder approval could have the effect of delaying, deferring
or preventing a change of control of us or the removal of existing management. We have no preferred stock outstanding at the date
hereof. Although we do not currently intend to issue any shares of preferred stock, we cannot assure you that we will not do so
in the future. No shares of preferred stock are being issued or registered.

 

Rights

 

Each holder of a right will receive one-tenth
(1/10) of one share of common stock upon consummation of our initial business combination, even if the holder of such right redeemed
all shares of common stock held by it in connection with the initial business combination. No additional consideration will be
required to be paid by a holder of rights in order to receive its additional shares upon consummation of an initial business combination,
as the consideration related thereto has been included in the unit purchase price paid for by investors in our initial public offering.
If we enter into a definitive agreement for a business combination in which we will not be the surviving entity, the definitive
agreement will provide for the holders of rights to receive the same per share consideration the holders of the common stock will
receive in the transaction on an as-converted into common stock basis, and each holder of a right will be required to affirmatively
convert its rights in order to receive the 1/10 share underlying each right (without paying any additional consideration) upon
consummation of the business combination. More specifically, the right holder will be required to indicate its election to convert
the rights into underlying shares as well as to return the original rights certificates to us.

 

    4

     

    

 

If we are unable to complete an initial
business combination within the required time period and we liquidate the funds held in our trust account, holders of rights will
not receive any such funds with respect to their rights, nor will they receive any distribution from our assets held outside of
our trust account with respect to such rights, and the rights will expire worthless.

 

As soon as practicable upon the consummation
of our initial business combination, we will direct registered holders of the rights to return their rights to our rights agent.
Upon receipt of the rights, the rights agent will issue to the registered holder of such rights the number of full shares of common
stock to which it is entitled. We will notify registered holders of the rights to deliver their rights to the rights agent promptly
upon consummation of such business combination and have been informed by the rights agent that the process of exchanging their
rights for shares of common stock should take no more than a matter of days. The foregoing exchange of rights is solely ministerial
in nature and is not intended to provide us with any means of avoiding our obligation to issue the shares underlying the rights
upon consummation of our initial business combination. Other than confirming that the rights delivered by a registered holder are
valid, we will have no ability to avoid delivery of the shares underlying the rights. Nevertheless, there are no contractual penalties
for failure to deliver securities to the holders of the rights upon consummation of an initial business combination. Additionally,
in no event will we be required to net cash settle the rights. Accordingly, the rights may expire worthless.

 

The shares issuable upon exchange of the
rights will be freely tradable (except to the extent held by affiliates of ours). We will not issue fractional shares upon exchange
of the rights. If, upon exchange of the rights, a holder would be entitled to receive a fractional interest in a share, we will,
upon exchange, either round up to the nearest whole number the number of shares to be issued to the right holder or otherwise comply
with Section 155 of the DGCL (which provides that Delaware companies shall either (1) arrange for the disposition of fractional
interests by those entitled thereto, (2) pay in cash the fair value of fractions of a share as of the time when those entitled
to receive such fractions are determined or (3) issue scrip or warrants in registered form (either represented by a certificate
or uncertificated) or in bearer form (represented by a certificate) which shall entitle the holder to receive a full share upon
the surrender of such scrip or warrants aggregating a full share). We will make the determination of how we are treating fractional
shares at the time of our initial business combination and will include such determination in the proxy materials we will send
to stockholders for their consideration of such initial business combination.

 

Warrants

 

Each warrant entitles the registered holder
to purchase one-half of one share of our common stock at a price of $5.75 per half share, subject to adjustment as discussed below,
at any time commencing on the later of 12 months from the closing of our initial public offering or 30 days after the completion
of our initial business combination. If a warrant holder holds two warrants, such warrants will be exercisable for one share of
our common stock. Warrants must be exercised for whole shares. The warrants will expire five years after the completion of our
initial business combination, at 5:00 p.m., New York City time, or earlier upon redemption or liquidation.

 

    5

     

    

 

We will not be obligated to deliver any
shares of common stock pursuant to the exercise of a warrant and will have no obligation to settle such warrant exercise unless
a registration statement under the Securities Act with respect to the shares of common stock underlying the warrants is then effective
and a prospectus t relating thereto is current, subject to our satisfying our obligations described below with respect to registration.
No warrant will be exercisable for cash or on a cashless basis, and we will not be obligated to issue any shares to holders seeking
to exercise their warrants, unless the issuance of the shares upon such exercise is registered or qualified under the securities
laws of the state of the exercising holder, unless an exemption is available. In the event that the conditions in the two immediately
preceding sentences are not satisfied with respect to a warrant, the holder of such warrant will not be entitled to exercise such
warrant and such warrant may have no value and expire worthless. In no event will we be required to net cash settle any warrant.
In the event that a registration statement is not effective for the exercised warrants, the purchaser of a unit containing such
warrant will have paid the full purchase price for the unit solely for the share of common stock underlying such unit.

 

We have agreed that as soon as practicable,
but in no event later than thirty (30) days, after the closing of our initial business combination, we will use our best efforts
to file with the SEC a registration statement for the registration, under the Securities Act, of the shares of common stock issuable
upon exercise of the warrants. We will use our best efforts to cause the same to become effective within 90 days after the closing
of our initial business combination and to maintain the effectiveness of such registration statement, and a current prospectus
relating thereto, until the expiration of the warrants in accordance with the provisions of the warrant agreement. Notwithstanding
the above, if our common stock is at the time of any exercise of a warrant not listed on a national securities exchange such that
it satisfies the definition of a “covered security” under Section 18(b)(1) of the Securities Act, we may, at our option,
require holders of public warrants who exercise their warrants to do so on a “cashless basis” in accordance with Section
3(a)(9) of the Securities Act and, in the event we so elect, we will not be required to file or maintain in effect a registration
statement or register or qualify the shares under blue sky laws, and in the event we do not so elect, we will use our best efforts
to register or qualify the shares under the blue sky laws of the state of residence in those states in which the warrants were
initially offered by us in our initial public offering.

 

Once the warrants become exercisable, we
may call the warrants for redemption:

 

		●	in whole and not in part;

 

		●	at a price of $0.01 per warrant;

 

		●	upon not less than 30 days’ prior written notice of redemption (the “30-day redemption
period”) to each warrant holder; and

 

		●	if, and only if, the reported last sale price of the common stock equals or exceeds $18.00 per
share for any 20 trading days within a 30-trading day period ending on the third trading day prior to the date we send to the notice
of redemption to the warrant holders.

 

If and when the warrants become redeemable
by us, we may not exercise our redemption right if the issuance of shares of common stock upon exercise of the warrants is not
exempt from registration or qualification under applicable state blue sky laws or we are unable to effect such registration or
qualification. We will use our best efforts to register or qualify the shares of common stock under the blue sky laws of the state
of residence in those states in which the warrants were initially offered by us in our initial public offering.

 

    6

     

    

 

We have established the last of the redemption
criterion discussed above to prevent a redemption call unless there is at the time of the call a significant premium to the warrant
exercise price. If the foregoing conditions are satisfied and we issue a notice of redemption of the warrants, each warrant holder
will be entitled to exercise his, her or its warrant prior to the scheduled redemption date. However, the price of the common stock
may fall below the $18.00 redemption trigger price as well as the $11.50 warrant exercise price (for whole shares) after the redemption
notice is issued.

 

If we call the warrants for redemption
as described above, our management will have the option to require any holder that wishes to exercise his, her or its warrant to
do so on a “cashless basis.” If our management takes advantage of this option, all holders of warrants would pay the
exercise price by surrendering their warrants for that number of shares of common stock equal to the quotient obtained by dividing
(x) the product of the number of shares of common stock underlying the warrants, multiplied by the difference between the exercise
price of the warrants and the “fair market value” by (y) the fair market value. The “fair market value”
shall mean the average reported last sale price of the common stock for the 10 trading days ending on the third trading day prior
to the date on which the notice of redemption is sent to the holders of warrants. If our management takes advantage of this option,
the notice of redemption will contain the information necessary to calculate the number of shares of common stock to be received
upon exercise of the warrants, including the “fair market value” in such case. Requiring a cashless exercise in this
manner would reduce the number of shares to be issued and thereby lessen the dilutive effect of a warrant redemption.

 

If the number of outstanding shares of
common stock is increased by a stock dividend payable in shares of common stock, or by a split-up of shares of common stock or
other similar event, then, on the effective date of such stock dividend, split-up or similar event, the number of shares of common
stock issuable on exercise of each warrant will be increased in proportion to such increase in the outstanding shares of common
stock. A rights offering to holders of common stock entitling holders to purchase shares of common stock at a price less than the
fair market value will be deemed a stock dividend of a number of shares of common stock equal to the product of (i) the number
of shares of common stock actually sold in such rights offering (or issuable under any other equity securities sold in such rights
offering that are convertible into or exercisable for common stock) multiplied by (ii) one (1) minus the quotient of (x) the price
per share of common stock paid in such rights offering divided by (y) the fair market value. For these purposes (i) if the rights
offering is for securities convertible into or exercisable for common stock, in determining the price payable for common stock,
there will be taken into account any consideration received for such rights, as well as any additional amount payable upon exercise
or conversion and (ii) fair market value means the volume weighted average price of common stock as reported during the ten (10)
trading day period ending on the trading day prior to the first date on which the shares of common stock trade on the applicable
exchange or in the applicable market, regular way, without the right to receive such rights.

 

    7

     

    

 

In addition, if we, at any time while the
warrants are outstanding and unexpired, pay a dividend or make a distribution in cash, securities or other assets to the holders
of common stock on account of such shares of common stock (or other shares of our capital stock into which the warrants are convertible),
other than (a) as described above, (b) certain ordinary cash dividends, (c) to satisfy the redemption rights of the holders of
common stock in connection with a proposed initial business combination, (d) as a result of the repurchase of shares of common
stock by us if the proposed initial business combination is presented to our stockholders for approval, or (e) in connection with
the redemption of our public shares upon our failure to complete our initial business combination, then the warrant exercise price
will be decreased, effective immediately after the effective date of such event, by the amount of cash and/or the fair market value
of any securities or other assets paid on each share of common stock in respect of such event.

 

If the number of outstanding shares of
our common stock is decreased by a consolidation, combination, reverse stock split or reclassification of shares of common stock
or other similar event, then, on the effective date of such consolidation, combination, reverse stock split, reclassification or
similar event, the number of shares of common stock issuable on exercise of each warrant will be decreased in proportion to such
decrease in outstanding shares of common stock.

 

Whenever the number of shares of common
stock purchasable upon the exercise of the warrants is adjusted, as described above, the warrant exercise price will be adjusted
by multiplying the warrant exercise price immediately prior to such adjustment by a fraction (x) the numerator of which will be
the number of shares of common stock purchasable upon the exercise of the warrants immediately prior to such adjustment, and (y)
the denominator of which will be the number of shares of common stock so purchasable immediately thereafter.

 

In case of any reclassification or reorganization
of the outstanding shares of common stock (other than those described above or that solely affects the par value of such shares
of common stock), or in the case of any merger or consolidation of us with or into another corporation (other than a consolidation
or merger in which we are the continuing corporation and that does not result in any reclassification or reorganization of our
outstanding shares of common stock), or in the case of any sale or conveyance to another corporation or entity of the assets or
other property of us as an entirety or substantially as an entirety in connection with which we are dissolved, the holders of the
warrants will thereafter have the right to purchase and receive, upon the basis and upon the terms and conditions specified in
the warrants and in lieu of the shares of our common stock immediately theretofore purchasable and receivable upon the exercise
of the rights represented thereby, the kind and amount of shares of stock or other securities or property (including cash) receivable
upon such reclassification, reorganization, merger or consolidation, or upon a dissolution following any such sale or transfer,
that the holder of the warrants would have received if such holder had exercised their warrants immediately prior to such event.
However, if such holders were entitled to exercise a right of election as to the kind or amount of securities, cash or other assets
receivable upon such consolidation or merger, then the kind and amount of securities, cash or other assets for which each warrant
will become exercisable will be deemed to be the weighted average of the kind and amount received per share by such holders in
such consolidation or merger that affirmatively make such election, and if a tender, exchange or redemption offer has been made
to and accepted by such holders (other than a tender, exchange or redemption offer made by us in connection with redemption rights
held by our stockholders as provided for in the our amended and restated certificate of incorporation or as a result of the repurchase
of shares of common stock by us if a proposed initial business combination is presented to the stockholders of the Company for
approval) under circumstances in which, upon completion of such tender or exchange offer, the maker thereof, together with members
of any group (within the meaning of Rule 13d-5(b)(1) under the Exchange Act) of which such maker is a part, and together with any
affiliate or associate of such maker (within the meaning of Rule 12b-2 under the Exchange Act) and any members of any such group
of which any such affiliate or associate is a part, own beneficially (within the meaning of Rule 13d-3 under the Exchange Act)
more than 50% of the outstanding shares of common stock, the holder of a warrant will be entitled to receive the highest amount
of cash, securities or other property to which such holder would actually have been entitled as a stockholder if such warrant holder
had exercised the warrant prior to the expiration of such tender or exchange offer, accepted such offer and all of the common stock
held by such holder had been purchased pursuant to such tender or exchange offer, subject to adjustments (from and after the consummation
of such tender or exchange offer) as nearly equivalent as possible to the adjustments provided for in the warrant agreement. Additionally,
if less than 70% of the consideration receivable by the holders of common stock in such a transaction is payable in the form of
common stock in the successor entity that is listed for trading on a national securities exchange or is quoted in an established
over-the-counter market, or is to be so listed for trading or quoted immediately following such event, and if the registered holder
of the warrant properly exercises the warrant within thirty days following public disclosure of such transaction, the warrant exercise
price will be reduced as specified in the warrant agreement based on the per share consideration minus Black-Scholes Warrant Value
(as defined in the warrant agreement) of the warrant in order to determine and realize the option value component of the warrant.
This formula is to compensate the warrant holder for the loss of the option value portion of the warrant value due to the requirement
that the warrant holder exercise the warrant within 30 days of the event. The Black-Scholes model is an accepted pricing model
for estimating fair market value where no quoted market price for an instrument is available.

 

    8

     

    

 

The warrants will be issued in registered
form under a warrant agreement between Continental Stock Transfer & Trust Company, as warrant agent, and us. You should review
a copy of the warrant agreement, which will be filed as an exhibit to our Annual Report on Form 10-K of which this exhibit is a
part, for a complete description of the terms and conditions applicable to the warrants. The warrant agreement provides that the
terms of the warrants may be amended without the consent of any holder to cure any ambiguity or correct any defective provision,
but requires the approval by the holders of at least 65% of the then outstanding public warrants to make any change that adversely
affects the interests of the registered holders of public warrants.

 

The warrants may be exercised upon surrender
of the warrant certificate on or prior to the expiration date at the offices of the warrant agent, with the exercise form on the
reverse side of the warrant certificate completed and executed as indicated, accompanied by full payment of the exercise price
(or on a cashless basis, if applicable), by certified or official bank check payable to us, for the number of warrants being exercised.
The warrant holders do not have the rights or privileges of holders of common stock and any voting rights until they exercise their
warrants and receive shares of common stock. After the issuance of shares of common stock upon exercise of the warrants, each holder
will be entitled to one vote for each share held of record on all matters to be voted on by stockholders.

 

Warrants may be exercised only for a whole
number of shares of common stock. No fractional shares will be issued upon exercise of the warrants. If, upon exercise of the warrants,
a holder would be entitled to receive a fractional interest in a share, we will, upon exercise, round down to the nearest whole
number the number of shares of common stock to be issued to the warrant holder. As a result, warrant holders not purchasing an
even number of warrants must sell any odd number of warrants in order to obtain full value from the fractional interest that will
not be issued.

 

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Dividends

 

We have not paid any cash dividends on
our common stock to date and do not intend to pay cash dividends prior to the completion of a business combination. The payment
of cash dividends in the future will be dependent upon our revenues and earnings, if any, capital requirements and general financial
condition subsequent to completion of a business combination. The payment of any cash dividends subsequent to a business combination
will be within the discretion of our board of directors at such time. In addition, our board of directors is not currently contemplating
and does not anticipate declaring any stock dividends in the foreseeable future. Further, if we incur any indebtedness, our ability
to declare dividends may be limited by restrictive covenants we may agree to in connection therewith.

 

Our Transfer Agent, Rights Agent and
Warrant Agent

 

The transfer agent for our common stock,
rights agent for our rights and warrant agent for our warrants is Continental Stock Transfer & Trust Company. We have agreed
to indemnify Continental Stock Transfer & Trust Company in its roles as transfer agent, rights agent and warrant agent, its
agents and each of its stockholders, directors, officers and employees against all liabilities, including judgments, costs and
reasonable counsel fees that may arise out of acts performed or omitted for its activities in that capacity, except for any liability
due to any gross negligence, willful misconduct or bad faith of the indemnified person or entity.

 

Our Amended and Restated Certificate
of Incorporation

 

Our amended and restated certificate of
incorporation contains certain requirements and restrictions that will apply to us until the completion of our initial business
combination. These provisions cannot be amended without the approval of the holders of at least 65% of our common stock and then
only if we allow all public stockholders the opportunity to redeem their pro-rata interest from our trust account. Our initial
stockholder, which beneficially owns 72.4% of our common stock as of March 30, 2020, will participate in any vote to amend our
amended and restated certificate of incorporation and will have the discretion to vote in any manner it chooses. Specifically,
our amended and restated certificate of incorporation provides, among other things, that:

 

		●	if we are unable to complete our initial business combination by April 9, 2020, we will (i) cease
all operations except for the purpose of winding up, (ii) as promptly as reasonably possible but not more than ten business days
thereafter, subject to lawfully available funds therefor, redeem 100% of the public shares, at a per-share price, payable in cash,
equal to the aggregate amount then on deposit in our trust account, including interest (which interest shall be net of taxes payable
and less up to $50,000 of interest to pay liquidation expenses), divided by the number of then outstanding public shares, which
redemption will completely extinguish public stockholders’ rights as stockholders (including the right to receive further
liquidation distributions, if any), subject to applicable law, and (iii) as promptly as reasonably possible following such redemption,
subject to the approval of our remaining stockholders and our board of directors, dissolve and liquidate, subject in each case
to our obligations under Delaware law to provide for claims of creditors and the requirements of other applicable law;

 

    10

     

    

 

		●	prior to our initial business combination, we may not issue additional shares of capital stock
that would entitle the holders thereof to (i) receive funds from our trust account or (ii) vote on any initial business combination;

 

		●	although we do not intend to enter into a business combination with a target business that is affiliated
with our sponsor, our directors or our executive officers, we are not prohibited from doing so. In the event we enter into such
a transaction, we, or a committee of independent directors, will obtain an opinion from an independent investment banking firm
which is a member of FINRA or a qualified independent accounting firm that such a business combination is fair to our company from
a financial point of view;

 

		●	if a stockholder vote on our initial business combination is not required by law and we do not
decide to hold a stockholder vote for business or other legal reasons, we will offer to redeem our public shares pursuant to Rule
13e-4 and Regulation 14E of the Exchange Act, and will file tender offer documents with the SEC prior to completing our initial
business combination which contain substantially the same financial and other information about our initial business combination
and the redemption rights as is required under Regulation 14A of the Exchange Act;

 

		●	if our securities are listed on NASDAQ, our initial business combination must occur with one or
more target businesses that together have an aggregate fair market value of at least 80% of our assets held in our trust account
(excluding the deferred underwriting commissions and taxes payable on the income earned on our trust account) at the time of the
agreement to enter into the initial business combination;

 

		●	if our stockholders approve an amendment to our amended and restated certificate of incorporation
that would affect the substance or timing of our obligation to redeem 100% of our public shares if we do not complete our business
combination by April 9, 2020, we will provide our public stockholders with the opportunity to redeem all or a portion of their
shares of common stock upon such approval at a per-share price, payable in cash, equal to the aggregate amount then on deposit
in our trust account, including interest (which interest shall be net of taxes payable), divided by the number of then outstanding
public shares; and

 

		●	we will not effectuate our initial business combination with another blank check company or a similar
company with nominal operations.

 

In addition, our amended and restated certificate
of incorporation provides that under no circumstances will we redeem our public shares in an amount that would cause our net tangible
assets upon consummation of our initial business combination to be less than $5,000,001.

 

    11

     

    

 

Certain Anti-Takeover Provisions of
Delaware Law and our Amended and Restated Certificate of Incorporation and Bylaws

 

We are subject to the provisions of Section
203 of the DGCL regulating corporate takeovers. This statute prevents certain Delaware corporations, under certain circumstances,
from engaging in a “business combination” with:

 

		●	a stockholder who owns 15% or more of our outstanding voting stock (otherwise known as an “interested
stockholder”);

 

		●	an affiliate of an interested stockholder; or

 

		●	an associate of an interested stockholder, for three years following the date that the stockholder
became an interested stockholder.

 

A “business combination” includes
a merger or sale of more than 10% of our assets. However, the above provisions of Section 203 do not apply if:

 

		●	our board of directors approves the transaction that made the stockholder an “interested
stockholder,” prior to the date of the transaction;

 

		●	after the completion of the transaction that resulted in the stockholder becoming an interested
stockholder, that stockholder owned at least 85% of our voting stock outstanding at the time the transaction commenced, other than
statutorily excluded shares of common stock; or

 

		●	on or subsequent to the date of the transaction, the business combination is approved by our board
of directors and authorized at a meeting of our stockholders, and not by written consent, by an affirmative vote of at least two-thirds
of the outstanding voting stock not owned by the interested stockholder.

 

Our amended and restated certificate of
incorporation provides that our board of directors will be classified into two classes of directors. As a result, in most circumstances,
a person can gain control of our board only by successfully engaging in a proxy contest at two or more annual meetings.

 

Our authorized but unissued common stock
and preferred stock are available for future issuances without stockholder approval and could be utilized for a variety of corporate
purposes, including future offerings to raise additional capital, acquisitions and employee benefit plans. The existence of authorized
but unissued and unreserved common stock and preferred stock could render more difficult or discourage an attempt to obtain control
of us by means of a proxy contest, tender offer, merger or otherwise.

 

Exclusive forum for certain lawsuits

 

Our amended and restated
certificate of incorporation will require, to the fullest extent permitted by law, that derivative actions brought in our name,
actions against directors, officers and employees for breach of fiduciary duty and other similar actions may be brought only in
the Court of Chancery in the State of Delaware and, if brought outside of Delaware, the stockholder bringing such suit will be
deemed to have consented to service of process on such stockholder’s counsel. Although we believe this provision benefits
us by providing increased consistency in the application of Delaware law in the types of lawsuits to which it applies, the provision
may limit a stockholder’s ability to bring a claim in a judicial forum that it finds favorable for disputes with us or our
directors, officers, or other employees, which may have the effect of discouraging lawsuits against our directors and officers.

 

    12

     

    

 

Notwithstanding the
foregoing, in the event the Court of Chancery in the State of Delaware lacks subject matter jurisdiction over any such action or
proceeding, the sole and exclusive forum for such action or proceeding will be another court in the State of Delaware, or if no
court in the State of Delaware has jurisdiction, the federal district court for the District of Delaware, in each such case, unless
the Court of Chancery (or such other state or federal court located within the State of Delaware, as applicable) has dismissed
a prior action by the same plaintiff asserting the same claims because such court lacked personal jurisdiction over an indispensable
party named as a defendant therein. To the fullest extent permitted by law, the forum selection provision discussed above will
apply to derivative actions or proceedings brought on our behalf and arising under the Securities Act or the Exchange Act, although
our stockholders cannot waive compliance with the federal securities laws and the rules and regulations thereunder. There is uncertainty
as to whether a court would enforce such provision in connection with any such derivative action or proceeding arising under the
Securities Act or the Exchange Act, and it is possible that a court could find the forum selection provision to be inapplicable
or unenforceable in such a case.

 

Special meeting of stockholders

 

Our bylaws provide that special meetings
of our stockholders may be called only by a majority vote of our board of directors, by our Chief Executive Officer or by our Chairman.

 

Listing of Securities

 

Our units have been approved for listing
on The NASDAQ Stock Market under the symbol “KBLMU”. The shares of our common stock, rights and warrants are listed
separately and as a unit on The NASDAQ Stock Market under the symbols “KBLM,” “KBLMR” and “KBLMW”.

 

 

13EX-10.1

 Exhibit 10.1 

$500,000,000 
 REVOLVING
CREDIT AGREEMENT 
 DATED AS OF APRIL 7, 2020 

AMONG 
 WALGREENS BOOTS
ALLIANCE, INC., 
 WBA FINANCIAL SERVICES LIMITED, 

THE LENDERS FROM TIME TO TIME PARTIES HERETO, 

and 
 HSBC BANK PLC

 as Administrative Agent 

and 
 HSBC BANK PLC

 as Sole Lead Arranger 
  

 

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
	ARTICLE I	  

	DEFINITIONS	  

			
	 Section 1.01
	 	Certain Defined Terms	  	 	1	 
	 Section 1.02
	 	References	  	 	24	 
	 Section 1.03
	 	Exchange Rates, Basket Calculations, Eurocurrency Rate and Eurocurrency Base Rate	  	 	24	 
	 Section 1.04
	 	Change of Currency	  	 	25	 
	
	ARTICLE II	  

	THE CREDITS	  

			
	 Section 2.01
	 	Description of Facility; Commitments	  	 	25	 
	 Section 2.02
	 	[Reserved]	  	 	26	 
	 Section 2.03
	 	[Reserved]	  	 	26	 
	 Section 2.04
	 	Types of Loans	  	 	26	 
	 Section 2.05
	 	Fees; Reductions in Aggregate Commitment	  	 	26	 
	 Section 2.06
	 	[Reserved]	  	 	27	 
	 Section 2.07
	 	Prepayments and Repayments	  	 	27	 
	 Section 2.08
	 	Method of Selecting Types and Interest Periods for New Loans	  	 	28	 
	 Section 2.09
	 	Conversion and Continuation of Outstanding Loans	  	 	30	 
	 Section 2.10
	 	Interest Rates	  	 	31	 
	 Section 2.11
	 	Rates Applicable After Default	  	 	31	 
	 Section 2.12
	 	Method of Payment	  	 	31	 
	 Section 2.13
	 	Noteless Agreement; Evidence of Indebtedness	  	 	32	 
	 Section 2.14
	 	Interest Payment Dates; Interest and Fee Basis	  	 	32	 
	 Section 2.15
	 	Notification of Loans, Interest Rates, Prepayments and Commitment Reductions; Availability of Loans	  	 	33	 
	 Section 2.16
	 	Lending Installations	  	 	33	 
	 Section 2.17
	 	Payments Generally; Administrative Agent’s Clawback	  	 	33	 
	 Section 2.18
	 	Replacement of Lender	  	 	35	 
	 Section 2.19
	 	Sharing of Payments by Lenders	  	 	35	 
	 Section 2.20
	 	Defaulting Lenders	  	 	36	 
	
	ARTICLE III	  

	YIELD PROTECTION; TAXES	  

			
	 Section 3.01
	 	Yield Protection	  	 	37	 
	 Section 3.02
	 	Changes in Capital Adequacy Regulations; Certificates for Reimbursement; Delay in Requests	  	 	38	 
	 Section 3.03
	 	Illegality	  	 	39	 
	 Section 3.04
	 	Compensation for Losses	  	 	40	 

  
 i 

							
	 Section 3.05
	 	Taxes	  	 	41	 
	 Section 3.06
	 	Mitigation Obligations	  	 	49	 
	 Section 3.07
	 	Inability to Determine Rates	  	 	50	 
	 Section 3.08
	 	Survival	  	 	51	 
	
	ARTICLE IV	  

	CONDITIONS PRECEDENT	  

			
	 Section 4.01
	 	Initial Effectiveness	  	 	51	 
	 Section 4.02
	 	Each Borrowing Date	  	 	53	 
	
	ARTICLE V	  

	REPRESENTATIONS AND WARRANTIES	  

			
	 Section 5.01
	 	Existence and Standing	  	 	54	 
	 Section 5.02
	 	Authorization and Validity	  	 	54	 
	 Section 5.03
	 	No Conflict; Government Consent	  	 	54	 
	 Section 5.04
	 	Financial Statements	  	 	55	 
	 Section 5.05
	 	Material Adverse Effect	  	 	55	 
	 Section 5.06
	 	Litigation	  	 	55	 
	 Section 5.07
	 	Regulation U	  	 	55	 
	 Section 5.08
	 	Investment Company Act	  	 	56	 
	 Section 5.09
	 	OFAC, FCPA	  	 	56	 
	 Section 5.10
	 	Disclosure	  	 	56	 
	
	ARTICLE VI	  

	COVENANTS	  

			
	 Section 6.01
	 	Financial Reporting	  	 	56	 
	 Section 6.02
	 	Use of Proceeds	  	 	58	 
	 Section 6.03
	 	Notice of Default	  	 	58	 
	 Section 6.04
	 	Conduct of Business	  	 	58	 
	 Section 6.05
	 	Compliance with Laws	  	 	58	 
	 Section 6.06
	 	Inspection; Keeping of Books and Records	  	 	59	 
	 Section 6.07
	 	Merger	  	 	59	 
	 Section 6.08
	 	Sale of Assets	  	 	59	 
	 Section 6.09
	 	Liens	  	 	59	 
	 Section 6.10
	 	Financial Covenant	  	 	61	 
	 Section 6.11
	 	Sanctions	  	 	61	 
	
	ARTICLE VII	  

	DEFAULTS	  

			
	 Section 7.01
	 	Breach of Representations or Warranties	  	 	61	 
	 Section 7.02
	 	Failure to Make Payments When Due	  	 	61	 
	 Section 7.03
	 	Breach of Covenants	  	 	62	 

  
 ii 

							
	 Section 7.04
	 	Cross Default	  	 	62	 
	 Section 7.05
	 	Voluntary Bankruptcy; Appointment of Receiver; Etc.	  	 	62	 
	 Section 7.06
	 	Involuntary Bankruptcy; Appointment of Receiver; Etc.	  	 	63	 
	 Section 7.07
	 	Judgments	  	 	63	 
	 Section 7.08
	 	Unfunded Liabilities	  	 	63	 
	 Section 7.09
	 	[Reserved]	  	 	63	 
	 Section 7.10
	 	Other ERISA Liabilities	  	 	63	 
	 Section 7.11
	 	Invalidity of Loan Documents	  	 	64	 
	 Section 7.12
	 	Guarantees	  	 	64	 
	
	ARTICLE VIII	  

	ACCELERATION, WAIVERS, AMENDMENTS AND REMEDIES	  

			
	 Section 8.01
	 	Acceleration, Etc.	  	 	64	 
	 Section 8.02
	 	Amendments	  	 	64	 
	 Section 8.03
	 	Preservation of Rights	  	 	66	 
	
	ARTICLE IX	  

	GENERAL PROVISIONS	  

			
	 Section 9.01
	 	Survival of Representations	  	 	66	 
	 Section 9.02
	 	Governmental Regulation	  	 	66	 
	 Section 9.03
	 	Headings	  	 	66	 
	 Section 9.04
	 	Entire Agreement	  	 	66	 
	 Section 9.05
	 	Several Obligations; Benefits of this Agreement	  	 	67	 
	 Section 9.06
	 	Expenses; Indemnification	  	 	67	 
	 Section 9.07
	 	Accounting	  	 	69	 
	 Section 9.08
	 	Severability of Provisions	  	 	69	 
	 Section 9.09
	 	Nonliability of Lenders	  	 	69	 
	 Section 9.10
	 	Confidentiality	  	 	69	 
	 Section 9.11
	 	Nonreliance	  	 	71	 
	 Section 9.12
	 	Disclosure	  	 	71	 
	
	ARTICLE X	  

	THE ADMINISTRATIVE AGENT	  

			
	 Section 10.01
	 	Appointment and Authority	  	 	71	 
	 Section 10.02
	 	Rights as a Lender	  	 	72	 
	 Section 10.03
	 	Reliance by Administrative Agent	  	 	72	 
	 Section 10.04
	 	Exculpatory Provisions	  	 	72	 
	 Section 10.05
	 	Delegation of Duties	  	 	73	 
	 Section 10.06
	 	Resignation of Administrative Agent	  	 	74	 
	 Section 10.07
	 	Non-Reliance on Administrative Agent and Other Lenders	  	 	74	 
	 Section 10.08
	 	No Other Duties, Etc.	  	 	74	 
	 Section 10.09
	 	Administrative Agent May File Proofs of Claim	  	 	75	 
	 Section 10.10
	 	ERISA	  	 	75	 

  
 iii 

							
	
	ARTICLE XI	  

	SETOFF	  

			
	 Section 11.01
	 	Setoff	  	 	76	 
	
	ARTICLE XII	  

	BENEFIT OF AGREEMENT; ASSIGNMENTS; PARTICIPATIONS	  

			
	 Section 12.01
	 	Successors and Assigns	  	 	77	 
	 Section 12.02
	 	Dissemination of Information	  	 	81	 
	 Section 12.03
	 	Tax Treatment	  	 	81	 
	
	ARTICLE XIII	  

	NOTICES	  

			
	 Section 13.01
	 	Notices; Effectiveness; Electronic Communication	  	 	81	 
	
	ARTICLE XIV	  

	COUNTERPARTS; INTEGRATION; EFFECTIVENESS; ELECTRONIC EXECUTION	  

			
	 Section 14.01
	 	Counterparts; Effectiveness	  	 	84	 
	 Section 14.02
	 	Electronic Execution of Assignments	  	 	84	 
	
	ARTICLE XV	  

	CHOICE OF LAW; CONSENT TO JURISDICTION; WAIVER OF JURY
TRIAL	

 

			
	 Section 15.01
	 	Choice of Law	  	 	84	 
	 Section 15.02
	 	Consent to Jurisdiction	  	 	85	 
	 Section 15.03
	 	Waiver of Jury Trial	  	 	85	 
	 Section 15.04
	 	U.S. Patriot Act Notice	  	 	86	 
	 Section 15.05
	 	No Advisory or Fiduciary Responsibility	  	 	86	 
	 Section 15.06
	 	Judgment Currency	  	 	86	 
	 Section 15.07
	 	Acknowledgement and Consent to Bail-In of Affected Financial Institutions	  	 	87	 
	
	ARTICLE XVI	  

	WBA GUARANTEE	  

			
	 Section 16.01
	 	WBA Guaranty	  	 	88	 
	 Section 16.02
	 	Guaranty Absolute	  	 	88	 
	 Section 16.03
	 	Waivers	  	 	89	 
	 Section 16.04
	 	Continuing Guaranty	  	 	89	 
	 Section 16.05
	 	Subrogation	  	 	90	 

  
 iv 

					
	EXHIBITS	  		  	
			
	Exhibit A	  	–	  	Form of Compliance Certificate
	Exhibit B	  	–	  	Form of Assignment and Assumption
	Exhibit C	  	–	  	Form of Promissory Note
	Exhibit D	  	–	  	Form of Borrowing Notice
	Exhibit E	  	–	  	Form of Conversion/Continuation Notice
	Exhibit F	  	–	  	Form of Officer’s Certificate
			
	SCHEDULES	  		  	
			
	Schedule 2.01	  	–	  	Commitment Schedule
	Schedule 3.05	  	–	  	UK Treaty Lenders and UK Non-Bank Lenders
	Schedule 13.01	  	–	  	Certain Addresses for Notices

  
 v 

 REVOLVING CREDIT AGREEMENT 

This Revolving Credit Agreement, dated as of April 7, 2020, is among WALGREENS BOOTS ALLIANCE, INC., a Delaware corporation
(“WBA”), WBA Financial Services Limited, a private limited company incorporated under the laws of England and Wales (the “Designated Borrower”), the institutions from time to time parties hereto as Lenders (whether
by execution of this Agreement or an assignment pursuant to Section 12.01) and HSBC BANK PLC, as Administrative Agent. 
 WHEREAS, the
Borrowers have requested that the Lenders extend revolving credit to the Borrowers in the form of Loans in an aggregate principal amount not in excess of $500,000,000 for general corporate purposes; and 

WHEREAS, the Lenders are willing to make such Loans to the Borrowers from time to time on the terms and subject to the conditions set forth in
this Agreement. Accordingly, the parties hereto agree as follows: 
 ARTICLE I 

DEFINITIONS 

Section 1.01 Certain Defined Terms. As used in this Agreement: 

“Acquisition” means any transaction or series of related concurrent transactions for the purpose of or resulting, directly or
indirectly, in (a) the acquisition by WBA or any of its Subsidiaries of all or a material portion of the assets of a Person, or of any business or division of a Person, (b) the acquisition by WBA or any of its Subsidiaries of in excess of
50% of the capital stock, partnership interests, membership interests or equity of any Person (other than a Person that is a Subsidiary), or otherwise causing any Person to become a Subsidiary of WBA or (c) a merger or consolidation or any
other combination by WBA or any of its Subsidiaries with another Person (other than a Person that is a Subsidiary); provided that WBA (or a Person that succeeds to WBA pursuant to Section 6.07 in connection with such transaction or
series of related transactions) or a Subsidiary of WBA (or a Person that becomes a Subsidiary of WBA as a result of such transaction) is the surviving entity; provided, further that any Person that is a Subsidiary at the time of
execution of the definitive agreement related to any such transaction or series of related concurrent transactions (or, in the case of a tender offer or similar transaction, at the time of filing of the definitive offer document) shall constitute a
Subsidiary for purposes of this definition even if in connection with such transaction or series of related transactions, such Person becomes a direct or indirect holding company of WBA. 

“Acquisition Debt” means any Indebtedness incurred by WBA or any of its Subsidiaries for the purpose of financing, in whole
or in part, a Material Acquisition and any related transactions or series of related transactions (including for the purpose of refinancing or replacing all or a portion of any pre-existing Indebtedness of
WBA, any of its Subsidiaries or the person(s) or assets to be acquired); provided that (a) the release of the proceeds of such Indebtedness to WBA and/or its Subsidiaries is contingent upon the consummation of such Material Acquisition
and, pending such release, such proceeds are held in escrow (and, if the 

  
 1 

 
definitive agreement (or, in the case of a tender offer or similar transaction, the definitive offer document) for such acquisition is terminated prior to the consummation of such Material
Acquisition or if such Material Acquisition is otherwise not consummated by the date specified in the definitive documentation relating to such Indebtedness, such proceeds shall be promptly applied to satisfy and discharge all obligations of WBA
and/or its Subsidiaries in respect of such Indebtedness) or (b) such Indebtedness contains a “special mandatory redemption” provision (or other similar provision) or otherwise permits such Indebtedness to be redeemed or prepaid if
such Material Acquisition is not consummated by the date specified in the definitive documentation relating to such Indebtedness (and if the definitive agreement (or, in the case of a tender offer or similar transaction, the definitive offer
document) for such Material Acquisition is terminated in accordance with its terms prior to the consummation of such Material Acquisition or such Material Acquisition is otherwise not consummated by the date specified in the definitive documentation
relating to such Indebtedness, such Indebtedness is so redeemed or prepaid within 90 days of such termination or such specified date, as the case may be). 

“Actual Unused Commitments” is defined in Section 2.05(a). 

“Administrative Agent” means HSBC Bank plc, in its capacity as contractual representative of the Lenders pursuant to
Article X, and not in its individual capacity as a Lender, and any successor Administrative Agent appointed pursuant to Article X. 

“Administrative Agent’s Office” means, with respect to any currency, the Administrative Agent’s address and, as
appropriate, account as set forth on Schedule 13.01 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 to WBA and the Lenders. 

“Affected Financial Institution” means (a) any EEA Financial Institution or (b) any UK Financial
Institution. 
 “Affiliate” of any Person means any other Person directly or indirectly controlling,
controlled by or under common control with such Person. A Person shall be deemed to control another Person if the controlling Person is the “beneficial owner” (as defined in Rule 13d-3 under the
Securities Exchange Act of 1934) of ten percent (10%) or more of any class of voting securities (or other voting interests) of the controlled Person or possesses, directly or indirectly, the power to direct or cause the direction of the management
or policies of the controlled Person, whether through ownership of voting securities, by contract or otherwise. 
 “Agent
Parties” is defined in Section 13.01(c). 
 “Aggregate Commitment” means, at any time, the aggregate amount
of the Commitments of all the Lenders, as may be adjusted from time to time pursuant to the terms hereof. The Aggregate Commitment as of the Effective Date is Five Hundred Million and 00/100 Dollars ($500,000,000). 

  
 2 

 “Agreement” means this Revolving Credit Agreement, as it may be amended,
restated, supplemented or otherwise modified and as in effect from time to time. 
 “Agreement Accounting Principles” means
GAAP, applied in a manner consistent with that used in preparing the financial statements of WBA referred to in Section 5.04; provided, however, that notwithstanding anything contained in Section 9.07 to the contrary, if WBA
notifies the Administrative Agent that WBA requests an amendment to any provision hereof to eliminate the effect of any change occurring after the Effective Date in GAAP (or any change in GAAP that occurred on or prior to the Effective Date but was
not reflected in the financial statements included in the Borrower SEC Reports) or in the application thereof on the operation of such provision, regardless of whether any such notice is given before or after such change in GAAP or in the
application thereof, then such provision shall be interpreted on the basis of GAAP as in effect and applied immediately before such change shall have become effective until such notice shall have been withdrawn or such provision amended in
accordance herewith. 
 “Agreement Currency” is defined in Section 15.06. 

“Alternate Base Rate” means for any day a fluctuating rate per annum equal to the highest of (a) the Federal Funds Rate
plus 1/2 of 1%, (b) the Prime Rate in effect for such day and (c) the Eurocurrency Base Rate determined in accordance with clause (b) of the definition thereof for a one month Interest Period plus 1.0%. 

“Alternate Base Rate Loan” means a Loan, or portion thereof, which, except as otherwise provided in Section 2.11, bears
interest at the Alternate Base Rate. All Alternate Base Rate Loans shall be denominated in Dollars. 
 “Applicable Margin”
means (a) with respect to Eurocurrency Loans, 1.50% per annum and (b) with respect to Alternate Base Rate Loans, 0.00% per annum. 

“Applicable Time” means, with respect to any borrowings and payments in any Foreign Currency, the local time in the place of
settlement for such Foreign Currency as shall be reasonably determined by the Administrative Agent to be necessary for timely settlement on the relevant date in accordance with normal banking procedures in the place of payment. In advance of the
initial borrowing of a Loan in any Foreign Currency, the Administrative Agent shall provide WBA and Lenders with written notice of the Applicable Time for any borrowings and payments in such Foreign Currency. In the event no such notice is delivered
by the Administrative Agent, the applicable Borrower and any Lender shall be required to make any borrowings and payments in accordance with the times specified herein for borrowings and payments in Dollars. 

“Approved Fund” means any Fund that is administered or managed by (a) a Lender, (b) an Affiliate of a Lender or
(c) an entity or an Affiliate of an entity that administers or manages a Lender. 

  
 3 

 “Arranger” means HSBC Bank plc and its successors, in its capacity as the
sole lead arranger hereunder. 
 “Article” means an article of this Agreement unless another document is specifically
referenced. 
 “Assignee Group” means two or more Eligible Assignees that are Affiliates of one another or two or more
Approved Funds managed by the same investment advisor. 
 “Assignment and Assumption” means an assignment and assumption
entered into by a Lender and an Eligible Assignee (with the consent of any party whose consent is required by Section 12.01), and accepted by the Administrative Agent, in substantially the form of Exhibit B or any other form approved by
the Administrative Agent. 
 “Authorized Officer” means any of the (A) (i) Chief Executive Officer, (ii) Global
Chief Financial Officer, (iii) Global Chief Administrative Officer and General Counsel, (iv) Global Treasurer, (v) Treasury Vice President, (vi) Vice President, Global Treasury, (vii) Corporate Secretary, (viii) Global
Controller and Chief Accounting Officer, (ix) Financial Controller or (x) Global Treasury, Senior Director of each of the Borrowers or (B) in the case of the Designated Borrower, a director or such other individuals as authorized by
the directors under the resolutions passed by the Board of Directors of the Designated Borrower, in each case of clauses (A) and (B), acting in accordance with the terms of the signing authority (if any) granted in the incumbency certificate
delivered to the Administrative Agent pursuant to Section 4.01(c) (including any supplements thereto delivered to the Administrative Agent from time to time by way of an officers’ certificate jointly executed by two Authorized Officers).

 “Bail-In Action” means the exercise of any Write-Down and Conversion Powers by
the applicable Resolution Authority in respect of any liability of an Affected Financial Institution. 
 “Bail-In Legislation” means (a) with respect to any EEA Member Country implementing Article 55 of Directive 2014/59/EU of the European Parliament and of the Council of the European Union, the
implementing law, regulation rule or requirement for such EEA Member Country from time to time which is described in the EU Bail-In Legislation Schedule and (b) with respect to the United Kingdom, Part I
of the United Kingdom Banking Act 2009 (as amended from time to time) and any other law, regulation or rule applicable in the United Kingdom relating to the resolution of unsound or failing banks, investment firms or other financial institutions or
their affiliates (other than through liquidation, administration or other insolvency proceedings). 
 “Bank Levy” means the
UK bank levy imposed pursuant to UK Finance Act 2011 (as amended). 
 “Benefit Plan” means any of (a) an
“employee benefit plan” (as defined in ERISA) that is subject to Title I of ERISA, (b) a “plan” as defined in and subject to Section 4975 of the Code or (c) any Person whose assets include (for purposes of ERISA
Section 3(42) or otherwise for purposes of Title I of ERISA or Section 4975 of the Code) the assets of any such “employee benefit plan” or “plan”. 

  
 4 

 “Borrower” means, as applicable, WBA, the Designated Borrower, and each of
their respective permitted successors and assigns (including, without limitation, a debtor-in-possession on its behalf). 

“Borrower Materials” is defined in Section 6.01. 

“Borrower SEC Reports” means WBA’s (i) 2019 Annual Report on Form 10-K and
(ii) quarterly reports on Form 10-Q for the quarterly periods ended November 30, 2019 and February 29, 2020. 

“Borrowing” means a borrowing consisting of simultaneous Loans of the same Type made to the same Borrower and, in the case of
a borrowing of Eurocurrency Loans, having the same Interest Period. 
 “Borrowing Date” means each date on which a
Borrowing is made hereunder, subject to satisfaction (or waiver in accordance with Section 8.02) of the applicable conditions set forth in Article IV. 

“Borrowing Notice” is defined in Section 2.08. 

“Business Day” means a day (other than a Saturday or Sunday) on which banks are generally open in New York, New York for the
conduct of substantially all of their commercial lending activities and interbank wire transfers can be made on the Fedwire system (or any other equivalent wire system) and: 

(a) if such day relates to any interest rate settings as to a Eurocurrency Loan denominated in Dollars, any fundings, disbursements,
settlements and payments in Dollars in respect of any such Eurocurrency Loan, or any other dealings in Dollars to be carried out pursuant to this Agreement in respect of any such Eurocurrency Loan, means any such day that is also a London Banking
Day; 
 (b) if such day relates to any interest rate settings as to a Eurocurrency Loan denominated in Euro, any fundings,
disbursements, settlements and payments in Euro in respect of any such Eurocurrency Loan, or any other dealings in Euro to be carried out pursuant to this Agreement in respect of any such Eurocurrency Loan, means a TARGET Day; 

(c) if such day relates to any interest rate settings as to a Eurocurrency Loan denominated in a currency other than Dollars or Euro, means any
such day on which dealings in deposits in the relevant currency are conducted by and between banks in the London or other applicable offshore interbank market for such currency; and 

  
 5 

 (d) if such day relates to any fundings, disbursements, settlements and payments in a
currency other than Dollars or Euro in respect of a Eurocurrency Loan denominated in a currency other than Dollars or Euro, or any other dealings in any currency other than Dollars or Euro to be carried out pursuant to this Agreement in respect of
any such Eurocurrency Loan (other than any interest rate settings), means any such day on which banks are open for foreign exchange business in the principal financial center of the country of such currency. 

“Capitalized Lease” of a Person means any lease of Property by such Person as lessee which would be shown as a liability on a
balance sheet of such Person prepared in accordance with Agreement Accounting Principles. 
 “Change in Law” means the
occurrence, after the date of this Agreement, of any of the following: (a) the adoption or taking effect of any law, rule, regulation or treaty, (b) any change in any law, rule, regulation or treaty or in the administration, interpretation
or application thereof by any Governmental Authority or (c) the making or issuance of any request, guideline or directive (whether or not having the force of law) by any Governmental Authority; provided, that, notwithstanding anything
herein to the contrary, (x) the Dodd-Frank Wall Street Reform and Consumer Protection Act and all requests, rules, guidelines or directives promulgated thereunder or issued in connection therewith and (y) all requests, rules, guidelines or
directives promulgated by the Bank for International Settlements, the Basel Committee on Banking Supervision (or any successor or similar authority) or the United States regulatory authorities, in each case pursuant to Basel III, shall in the case
of clauses (x) and (y) be deemed to be a “Change in Law”, regardless of the date enacted, adopted, issued, promulgated or implemented. 

“Code” means the Internal Revenue Code of 1986, as amended, reformed or otherwise modified from time to time. 

“Commitment” means, for each Lender, the obligation of such Lender to make Loans, in an aggregate principal amount at any one
time outstanding not to exceed the amount set forth on the Commitment Schedule (which schedule shall set forth each Lender’s Commitment as of the Effective Date) or in an Assignment and Assumption executed pursuant to Section 12.01, as it
may be modified as a result of any assignment that has become effective pursuant to Section 12.01 or as otherwise modified from time to time pursuant to the terms hereof. 

“Commitment Fee” is defined in Section 2.05(a). 

“Commitment Fee Rate” means 0.35% per annum. 

“Commitment Schedule” means the Schedule attached hereto and identified as such, identifying each Lender’s Commitment as
of the Effective Date. 
 “Consolidated Assets” means, at any date of determination, the total amount, as shown on or
reflected in the most recent consolidated balance sheet of WBA and its Subsidiaries as at the end of WBA’s fiscal quarter ending prior to such date, of all assets of WBA and its consolidated Subsidiaries on a consolidated basis in accordance
with Agreement Accounting Principles (giving pro forma effect to any acquisition or disposition of Property of WBA or any of its Subsidiaries with fair value in excess of $100,000,000 that has occurred since the end of such fiscal quarter as if such
acquisition or disposition had occurred on the last day of such fiscal quarter). 

  
 6 

 “Consolidated Debt” means at any time the consolidated Indebtedness for
Borrowed Money of WBA and its Subsidiaries calculated on a consolidated basis as of such time in accordance with Agreement Accounting Principles. 

“Consolidated Net Worth” means at any time the consolidated stockholders’ equity of WBA and its Subsidiaries calculated
on a consolidated basis as of such time in accordance with Agreement Accounting Principles. 
 “Contingent Obligation” of a
Person means any agreement, undertaking or arrangement by which such Person assumes, guarantees, endorses, contingently agrees to purchase or provide funds for the payment of, or otherwise becomes or is contingently liable upon, the obligation or
liability of any other Person, or agrees to maintain the net worth or working capital or other financial condition of any other Person, or otherwise assures any creditor of such other Person against loss, including, without limitation, any comfort
letter, operating agreement, take-or-pay contract or the obligations of any such Person as general partner of a partnership with respect to the liabilities of the
partnership. 
 “Controlled Group” means all members of a controlled group of corporations or other business entities and
all trades or businesses (whether or not incorporated) under common control which, together with WBA or any of its Subsidiaries, are treated as a single employer under Section 414 of the Code. 

“Conversion/Continuation Notice” is defined in Section 2.09. 

“Debtor Relief Laws” means the Bankruptcy Code of the United States, and all other liquidation, conservatorship, bankruptcy,
assignment for the benefit of creditors, moratorium, rearrangement, receivership, insolvency, reorganization, or similar debtor relief laws of the United States or other applicable jurisdictions from time to time in effect and affecting the rights
of creditors generally. 
 “Default” means an event described in Article VII. 

“Defaulting Lender” means, subject to Section 2.20(b), any Lender that (a) has failed to perform any of its funding
obligations hereunder, including in respect of its Loans, within three Business Days of the date required to be funded by it hereunder unless such Lender notifies the Administrative Agent in writing that such failure is the result of such
Lender’s determination that one or more conditions precedent to funding has not been satisfied (which conditions precedent, together with the applicable default, if any, will be specifically identified in such writing), (b) has notified WBA or
the Administrative Agent in writing that it does not intend to comply with its funding obligations or has made a public statement to that effect with respect to its funding obligations hereunder, or generally under other agreements in which it
commits to extend credit, 

  
 7 

 
unless such notification 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 cannot be satisfied (which conditions precedent, together with the applicable default, if any, will be specifically identified in such writing or public statement), (c) has failed, within three Business Days after
written request by the Administrative Agent or any Borrower, to confirm in a manner satisfactory to the Administrative Agent or such Borrower, as applicable, that it will comply with its funding obligations, which request was made because of a
reasonable concern by the Administrative Agent or such Borrower that such Lender may not be able to comply with its 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 or such Borrower, or (d) has, or has a direct or indirect parent company that has, (i) become the subject of a proceeding under any Debtor Relief Law,
(ii) had a receiver, conservator, trustee, administrator, assignee for the benefit of creditors or similar Person charged with reorganization or liquidation of its business or a custodian appointed for it, or taken any action in furtherance of,
or indicated its consent to, approval of or acquiescence in any such proceeding or appointment or (iii) become the subject of a Bail-In Action; 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 unless such ownership or equity results in or provides such Lender with
immunity from the jurisdiction of courts within the United States or any other nation or from the enforcement of judgments or writs of attachment on its assets or permits such Lender (or such Governmental Authority or instrumentality) to reject,
repudiate, disavow or disaffirm any contracts or agreements made by 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 2.20(b)) 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 WBA and each Lender promptly following such determination. 

“Designated Borrower” is defined in the preamble. 

“Disqualified Stock” means any capital stock that, by its terms (or by the terms of any security into which it is convertible
or for which it is exchangeable), or upon the happening of any event, matures or is mandatorily redeemable, pursuant to a sinking fund obligation or otherwise, or redeemable at the option of the holder thereof, in whole or in part, on or prior to
the date that is ninety-one (91) days after the Maturity Date. 
 “Dollar” and
“$” means dollars in the lawful currency of the United States of America. 
 “Dollar Equivalent” means, at
any time, (a) with respect to any amount denominated in Dollars, such amount, and (b) with respect to any amount denominated in any Foreign Currency, the equivalent amount thereof in Dollars as determined by the Administrative Agent at
such time on the basis of the Exchange Rate (determined in respect of the most recent Revaluation Date) for the purchase of Dollars with such Foreign Currency. 

  
 8 

 “EEA Financial Institution” means (a) any credit institution or
investment firm established in any EEA Member Country which is subject to the supervision of an EEA Resolution Authority, (b) any entity established in an EEA Member Country which is a parent of an institution described in clause (a) of
this definition, or (c) any financial institution established in an EEA Member Country which is a subsidiary of an institution described in clauses (a) or (b) of this definition and is subject to consolidated supervision with its parent.

 “EEA Member Country” means any of the member states of the European Union, Iceland, Liechtenstein, and Norway. 

“EEA Resolution Authority” means any public administrative authority or any person entrusted with public administrative
authority of any EEA Member Country (including any delegee) having responsibility for the resolution of any EEA Financial Institution. 

“Effective Date” means the first date on which the conditions set forth in Section 4.01 are satisfied (or waived in
accordance with Section 8.02). 
 “Eligible Assignee” means any Person that meets the requirements to be an assignee
under Section 12.01(b)(v), (vi) and (vii) (subject to such consents, if any, as may be required under Section 12.01(b)(iii)). 

“Environmental Laws” means any and all federal, state, local and foreign statutes, laws, judicial decisions, regulations,
ordinances, rules, judgments, orders, decrees, injunctions, permits, concessions, grants, franchises, licenses and other governmental restrictions relating to (a) the protection of the environment, (b) the effect of the environment on
human health, (c) emissions, discharges or releases of pollutants, contaminants, hazardous substances or wastes into surface water, ground water or land, or (d) the use, treatment, storage, disposal, transport or handling of pollutants,
contaminants, hazardous substances or wastes or the clean-up or other remediation thereof. 

“Environmental Liability” means any liability, contingent or otherwise (including any liability for damages, cost of
environmental remediation, fines, penalties or indemnities), resulting from or based upon (a) violation of any Environmental Law, (b) the generation, use, handling, transportation, storage, treatment or disposal of any Hazardous Materials,
(c) exposure to any Hazardous Materials (excluding product liability claims), (d) the release or threatened release of any Hazardous Materials into the environment or (e) any contract, agreement or other consensual arrangement pursuant to
which liability is assumed or imposed with respect to any of the foregoing. 
 “ERISA” means the Employee Retirement Income
Security Act of 1974, as amended from time to time, including (unless the context otherwise requires) the rules or regulations promulgated thereunder. 

  
 9 

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

“Euro” and “€” mean the single currency of the European Union as constituted by the Treaty on
European Union and as referred to in the legislative measures of the European Union for the introduction of, changeover to or operation of the Euro in one or more member states, being in part legislative measures to implement the European and
Monetary Union as contemplated in the Treaty on European Union. 
 “Eurocurrency Base Rate” means, subject to the
implementation of a Replacement Rate in accordance with Section 3.07(b), 
 (a) for any Interest Period with respect to a Eurocurrency
Loan, the rate per annum equal to the London Interbank Offered Rate administered by the ICE Benchmark Administration (or the successor thereto if the ICE Benchmark Administration is no longer making a London Interbank Offered Rate available)
(“LIBOR”) as published on the applicable Bloomberg screen page (or such other comparable commercially available source providing such quotations as may be designated by the Administrative Agent from time to time in its reasonable
discretion) at approximately 11:00 a.m., London time, two London Banking Days prior to the commencement of such Interest Period, for deposits in the relevant currency (for delivery on the first day of such Interest Period) in the London interbank
market with a term equivalent to such Interest Period; and 
 (b) for any interest calculation with respect to an Alternate Base Rate Loan
on any date, the rate per annum equal to LIBOR, at approximately 11:00 a.m., London time determined two London Banking Days prior to such date for Dollar deposits being delivered in the London interbank market for a term of one month commencing that
day. 
 Unless otherwise specified in any amendment to this Agreement entered into in accordance with Section 3.07(b), in the event
that a Replacement Rate with respect to LIBOR is implemented then all references herein to LIBOR shall be deemed references to such Replacement Rate. 

“Eurocurrency Loan” means a Loan, or portion thereof, which, except as otherwise provided in Section 2.11, bears
interest at the applicable Eurocurrency Base Rate requested by the applicable Borrower pursuant to Sections 2.08 and 2.09. Eurocurrency Loans may be denominated in Dollars or a Foreign Currency. 

“Eurocurrency Rate” means, with respect to a Eurocurrency Loan for the relevant Interest Period, the quotient of
(i) the Eurocurrency Base Rate determined in accordance with clause (a) of the definition thereof applicable to such Interest Period, divided by (ii) one minus the Reserve Requirement (expressed as a decimal) applicable
to such Interest Period. 

  
 10 

 “Exchange Rate” for a currency means the rate determined by the
Administrative Agent for the purchase of such currency with another currency, as published on the applicable Bloomberg screen page at or about 11:00 a.m. (London, England time) on the date two Business Days prior to the date as of which the foreign
exchange computation is made. In the event that such rate does not appear on the applicable Bloomberg screen page, the “Exchange Rate” with respect to the purchase of such currency with another currency shall be determined by
reference to such other publicly available service for displaying exchange rates as may be agreed upon by the Administrative Agent and WBA, or, in the absence of such agreement, such “Exchange Rate” shall instead be the rate
determined by the Administrative Agent to be the rate quoted by the Person acting in such capacity as the spot rate for the purchase by such Person of such currency with another currency through its principal foreign exchange trading office in
respect of such currency at approximately 11:00 a.m. (local time) on the date two Business Days prior to the date as of which the foreign exchange computation is made; provided that if at the time of any such determination, no such spot rate
can reasonably be quoted, the Administrative Agent may use any reasonable method as it deems applicable to determine such rate, and such determination shall be conclusive absent manifest error. 

“Excluded Taxes” means, with respect to the Administrative Agent, any Lender, or any other recipient of any payment to be
made by or on account of any obligation of any Borrower hereunder, (a) Taxes imposed on or measured by its overall net income (however denominated), franchise Taxes imposed on it (in lieu of net income Taxes), and branch profits or similar
Taxes, in each case, imposed by the jurisdiction (or any political subdivision thereof) (i) under the laws of which such recipient is organized or in which its principal office is located or, in the case of any Lender, in which its applicable
Lending Installation is located, or (ii) where the recipient otherwise has a present or former connection (other than by reason of the activities and transactions specifically contemplated by this Agreement, including selling or assigning an
interest in any Loan or Loan Document or enforcing provisions of any Loan Document), (b) any backup withholding Tax that is required by the Code to be withheld from amounts payable to a Lender that has failed to comply with Section 3.05(f)(ii),
(c) in the case of a Foreign Lender, any U.S. withholding Tax that is required to be imposed on amounts payable to such Foreign Lender (other than an assignee pursuant to a request by WBA under Section 2.18) pursuant to the laws in force
at the time such Foreign Lender becomes a party hereto (or designates a new Lending Installation), except to the extent that such Foreign Lender (or its assignor, if any) was entitled, at the time of designation of a new Lending Installation (or
assignment), to receive additional amounts from the applicable Borrower with respect to such withholding Tax pursuant to Section 3.05(a)(i) or (ii), (d) in the case of a Lender, any withholding Tax that is attributable to such Lender’s
failure to comply with Section 3.05(f), (e) any Taxes imposed under FATCA and (f) the Bank Levy, or any amount attributable to, or liability arising in consequence of, the Bank Levy. 

“Exhibit” refers to an exhibit to this Agreement, unless another document is specifically referenced. 

  
 11 

 “Existing Revolving Credit Agreement” means that certain Revolving Credit
Agreement, dated as of August 29, 2018, among WBA, the other borrowers party thereto, the lenders and letter of credit issuers from time to time party thereto and Wells Fargo Bank, National Association, as administrative agent (as amended,
restated, supplemented or otherwise modified from time to time). 
 “Facility Termination Date” means the earlier of
(a) the Maturity Date and (b) the date of termination in whole of the Aggregate Commitment pursuant to Section 2.05 or Section 8.01 hereof. 

“FATCA” means Sections 1471-1474 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 regulations promulgated thereunder or official interpretations thereof, any agreements entered into pursuant to Section 1471(b) of the Code, any intergovernmental
agreements entered into in connection with the implementation of the foregoing and any laws, rules and regulations adopted by a non-U.S. jurisdiction to effect any such intergovernmental agreement. 

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

“Fee Letter” means the fee letter dated as of the date hereof between HSBC Bank plc and WBA. 

“Foreign Currency” means Sterling and Euro. 

“Foreign Lender” means any Lender that is not organized under the laws of the United States, any State thereof or the
District of Columbia. 
 “Foreign Pension Plan” means any defined benefit plan as described in Section 3(35) of ERISA
for which WBA or any Subsidiary is a sponsor or administrator or to which WBA or any Subsidiary has any liability, and which (a) is maintained or contributed to for the benefit of employees of WBA or any of its respective Subsidiaries,
(b) is not covered by ERISA pursuant to Section 4(b)(4) of ERISA, and (c) under applicable local law, is required to be funded through a trust or other funding vehicle (other than a trust or funding vehicle maintained exclusively by a
Governmental Authority). 

  
 12 

 “Fund” means any Person (other than a natural person) that is (or will be)
engaged in making, purchasing, holding or otherwise investing in commercial loans and similar extensions of credit in the ordinary course of its business. 

“GAAP” shall mean generally accepted accounting principles in the United States of America, as in effect from time to time,
subject to the Agreement Accounting Principles. 
 “Governmental Authority” means the government of the United States, the
United Kingdom or any other nation, or of any political subdivision thereof, whether state or local, and any agency, authority, instrumentality, regulatory body, court, central bank or other entity exercising executive, legislative, judicial,
taxing, regulatory or administrative powers or functions of or pertaining to government (including any supra-national bodies such as the European Union or the European Central Bank). 

“Hazardous Materials” means all explosive or radioactive substances or wastes and all hazardous or toxic substances, wastes
or other pollutants, including petroleum or petroleum distillates, asbestos or asbestos-containing materials, polychlorinated biphenyls, radon gas, infectious or medical wastes and all other substances or wastes of any nature, in each case that are
regulated pursuant to any Environmental Law. 
 “Indebtedness” of a Person means, without duplication, (a) the
obligations of such Person (i) for borrowed money, (ii) under or with respect to notes payable and drafts accepted which represent extensions of credit (whether or not representing obligations for borrowed money) to such Person,
(iii) constituting reimbursement obligations with respect to letters of credit issued for the account of such Person, (iv) for the deferred purchase price of property or services (other than current accounts payable arising in the ordinary
course of such Person’s business payable on terms customary in the trade), (v) for its Contingent Obligations, (vi) for its Net Mark-to-Market Exposure under
Rate Management Transactions, (vii) for its Rate Management Obligations, (viii) for its Receivables Transaction Attributed Indebtedness and (ix) with respect to Disqualified Stock, (b) the obligations of others, whether or not
assumed, secured by Liens on property of such Person or payable out of the proceeds of, or production from, property or assets now or hereafter owned or acquired by such Person and (c) any other obligation or other financial accommodation which
in accordance with Agreement Accounting Principles would be shown as a liability on the consolidated balance sheet of such Person; provided that notwithstanding anything herein to the contrary, Capitalized Leases shall not constitute
Indebtedness for any purpose hereunder. 
 “Indebtedness for Borrowed Money” of a Person means, without duplication,
(a) indebtedness for borrowed money (whether or not evidenced by bonds, debentures, notes or similar instruments) or for the deferred purchase price of property or services (other than current accounts payable arising in the ordinary course of
such Person’s business payable on terms customary in the trade) and (b) obligations under direct or indirect guaranties in respect of, and obligations (contingent or otherwise) to purchase or otherwise acquire, or otherwise to assure a
creditor against loss in respect of, indebtedness or obligations of any other Person of the kinds referred to in clause (a) above; provided that notwithstanding anything herein to the contrary, neither Capitalized Leases nor any
obligations of the type described in clause (b) above with respect to Capitalized Leases shall constitute Indebtedness for Borrowed Money for any purpose hereunder. 

  
 13 

 “Indemnified Taxes” means Taxes (other than Excluded Taxes) imposed on or
with respect to any payment made by or on account of any obligation of any Borrower hereunder. 
 “Indemnitee” is defined
in Section 9.06(b). 
 “Information” is defined in Section 9.10. 

“Intangible Assets” means, at any date of determination, the value, as shown on or reflected in the most recent consolidated
balance sheet of WBA and its Subsidiaries as at the end of WBA’s fiscal quarter ending prior to such date, prepared in accordance with Agreement Accounting Principles and giving pro forma effect to any acquisition or disposition of Property of
WBA or any of its Subsidiaries with fair value in excess of $100,000,000 that has occurred since the end of such fiscal quarter as if such acquisition or disposition had occurred on the last day of such fiscal quarter, of all trade names,
trademarks, licenses, patents, copyrights, service marks, goodwill and other like intangibles. 
 “Interest Period” means,
with respect to a Eurocurrency Loan, a period of one week or one, two, three or six months (to the extent available for such Interest Period in any Foreign Currency, if applicable) or such other period agreed to by the Lenders and WBA, commencing on
the Borrowing Date with respect to such Eurocurrency Loan or on the date on which a Eurocurrency Loan is continued or an Alternate Base Rate Loan is converted into a Eurocurrency Loan. Such Interest Period shall end on but exclude the day which
corresponds numerically to such date one, two, three or six months or such other agreed upon period thereafter or, in the case of an Interest Period of one week, shall end on but exclude the day that is one week thereafter, provided,
however, that if there is no such numerically corresponding day in such next, second, third or sixth succeeding month or such other succeeding period, such Interest Period shall end on the last Business Day of such next, second, third or
sixth succeeding month or such other succeeding period. If an Interest Period would otherwise end on a day which is not a Business Day, such Interest Period shall end on the next succeeding Business Day, provided, however, that if said
next succeeding Business Day falls in a new calendar month, such Interest Period shall end on the immediately preceding Business Day. 

“Judgment Currency” is defined in Section 15.06. 

“Lenders” means the financial institutions listed on the Commitment Schedule as having a Commitment and any other Person that
shall have become party hereto with a Commitment pursuant to an Assignment and Assumption, other than any such Person that ceases to be a party hereto pursuant to an Assignment and Assumption, or if the Commitments have terminated, a Lender with
outstanding Loans. 

  
 14 

 “Lending Installation” means, with respect to a Lender or the
Administrative Agent, the office, branch, subsidiary or affiliate of such Lender or Administrative Agent listed on the administrative information sheets provided to the Administrative Agent in connection herewith, or otherwise selected by such
Lender or Administrative Agent pursuant to Section 2.16. 
 “LIBOR” has the meaning specified in the definition of
“Eurocurrency Base Rate”. 
 “LIBOR Successor Amendment” is defined in Section 3.07(b). 

“Lien” means any lien (statutory or other), mortgage, pledge, hypothecation, assignment, deposit arrangement, encumbrance or
preference, priority or other security agreement or preferential arrangement of any kind or nature whatsoever (including, without limitation, the interest of a vendor or lessor under any conditional sale, Capitalized Lease or other title retention
agreement). 
 “Loan” means, with respect to a Lender, such Lender’s loan made pursuant to Section 2.01 (and any
conversion or continuation thereof pursuant to Section 2.09). 
 “Loan Documents” means this Agreement and any Notes
issued pursuant to Section 2.13 (if requested), as the same may be amended, restated or otherwise modified and in effect from time to time. 

“London Banking Day” means any day on which dealings in Dollar deposits are conducted by and between banks in the London
interbank eurodollar market. 
 “Major Subsidiary” means any Subsidiary of WBA (a) which is organized and existing
under, or has its principal place of business in, the United States or any political subdivision thereof, Canada or any political subdivision thereof, the United Kingdom, or any of their respective political subdivisions, any country which is a
member of the European Union on the Effective Date or any political subdivision thereof, or Switzerland, Norway, Australia and (b) which has at any time total assets (after intercompany eliminations) exceeding $7,000,000,000. 

“Material Acquisition” means any Acquisition the aggregate consideration therefor (including Indebtedness assumed in
connection therewith, all obligations in respect of deferred purchase price (including obligations under any purchase price adjustment but excluding earnout or similar payments) and all other consideration payable in connection therewith (including
payment obligations in respect of noncompetition agreements or other arrangements representing acquisition consideration)) exceeds $1,000,000,000. 

“Material Adverse Effect” means a material adverse effect on (a) the financial condition, results of operations,
business or Property of WBA and its Subsidiaries taken as a whole or (b) the rights of or remedies available to the Lenders or the Administrative Agent against any Borrower under the Loan Documents, taken as a whole. 

“Maturity Date” means April 6, 2021 (provided that, if such date shall not be a Business Day, the Maturity Date
shall be the immediately preceding Business Day). 

  
 15 

 “Moody’s” means Moody’s Investors Service, Inc. (or any successor
thereto). 
 “Multiemployer Plan” means a multiemployer plan as defined in Section 3(37) of ERISA that is subject to
Title IV of ERISA and is maintained pursuant to a collective bargaining agreement or any other arrangement to which WBA, any Subsidiary or any member of the Controlled Group is a party, and to which plan WBA, any Subsidiary or any member of the
Controlled Group is obligated to make contributions. 
 “Net
Mark-to-Market Exposure” of a Person means, as of any date of determination, the excess (if any) of all unrealized losses over all unrealized profits of such
Person arising from Rate Management Transactions. 
 “Note” is defined in Section 2.13(d). 

“Obligations” means all Loans, debts, liabilities, obligations, covenants and duties owing by any Borrower to the
Administrative Agent, the Arranger, any Lender, any affiliate of the Administrative Agent, the Arranger or any Lender or any indemnitee under the provisions of Section 9.06 or any other provisions of the Loan Documents, in each case of any kind
or nature, present or future, arising under this Agreement or any other Loan Document, whether or not evidenced by any note, guaranty or other instrument, whether or not for the payment of money, whether arising by reason of an extension of credit,
loan, foreign exchange risk, guaranty, indemnification, or in any other manner, whether direct or indirect (including those acquired by assignment), absolute or contingent, due or to become due, now existing or hereafter arising and however acquired
(including, for the avoidance of doubt, interest accruing after the maturity of the Loans and interest accruing after the filing of any petition in bankruptcy, or the commencement of any proceeding under any Debtor Relief Law, whether or not a claim
for post-filing or post-petition interest is allowed in such proceeding). The term includes, without limitation, all interest, charges, expenses, fees, attorneys’ fees and disbursements, paralegals’ fees, and any other sum chargeable to
WBA or any of its Subsidiaries under this Agreement or any other Loan Document. 
 “OFAC” means the Office of Foreign
Assets Control of the U.S. Department of the Treasury. 
 “Other Taxes” means all present or future stamp, documentary,
intangible, recording or filing taxes or any similar taxes, charges or levies arising from the execution, delivery or enforcement of, or otherwise with respect to, this Agreement or any other Loan Document, except any such Taxes that are imposed
with respect to an assignment (other than an assignment made pursuant to Section 2.18). 
 “Overnight Rate” means, for
any day, (a) with respect to any amount denominated in Dollars, the greater of (i) the Federal Funds Rate and (ii) an overnight rate determined by the Administrative Agent in accordance with banking industry rules on interbank
compensation, and (b) with respect to any amount denominated in a Foreign Currency, the rate of interest per annum at which overnight deposits in the applicable Foreign Currency, in an amount approximately equal to the amount with respect to
which such rate is being determined, would be offered for such day by a branch or Affiliate of the Administrative Agent in the applicable offshore interbank market for such currency to major banks in such interbank market. 

  
 16 

 “Parent Guarantee” is defined in Section 16.01. 

“Participant” is defined in Section 12.01(d). 

“Participant Register” is defined in Section 12.01(d). 

“Payment Date” means the last Business Day of each March, June, September and December and the Facility Termination Date.

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

“Person” means any natural person, corporation, firm, joint venture, partnership, limited liability company, association,
enterprise, trust or other entity or organization, or any government or political subdivision or any agency, department or instrumentality thereof. 

“Plan” means an employee benefit plan other than a Multiemployer Plan which is covered by Title IV of ERISA or subject to the
minimum funding standards under Section 412 of the Code as to which WBA, any Subsidiary or any member of the Controlled Group has liability. 

“Platform” is defined in Section 6.01. 

“Prime Rate” means the rate of interest per annum established by the Administrative Agent’s New York Branch from
time to time as its prime rate or base rate; each change in the Prime Rate shall be effective from and including the date such change is established as being effective. 

“Pro Rata Share” means, with respect to a Lender, if the Aggregate Commitment has not been terminated, a portion equal to a
fraction the numerator of which is such Lender’s Commitment at such time (in each case, as adjusted from time to time in accordance with the provisions of this Agreement) and the denominator of which is the Aggregate Commitment at such time,
or, if the Aggregate Commitment has been terminated, a portion equal to a fraction the numerator of which is the aggregate outstanding principal Dollar Equivalent of such Lender’s Loans at such time and the denominator of which is the aggregate
outstanding principal Dollar Equivalent of all Lenders’ Loans at such time. 
 “Property” of a Person means any and
all property, whether real, personal, tangible, intangible, or mixed, of such Person, or other assets owned, leased or operated by such Person. 

“PTE” means a prohibited transaction class exemption issued by the U.S. Department of Labor, as any such exemption may be
amended from time to time. 
 “Public Lender” is defined in Section 6.01. 

  
 17 

 “Qualified Receivables Transaction” means any transaction or series of
transactions that may be entered into by WBA or any Subsidiary pursuant to which WBA or any Subsidiary may sell, convey or otherwise transfer to a newly-formed Subsidiary or other special-purpose entity, or any other Person, any accounts or notes
receivable and rights related thereto. 
 “Rate Management Obligations” of a Person means any and all obligations of such
Person, whether absolute or contingent and howsoever and whensoever created, arising, evidenced or acquired (including all renewals, extensions and modifications thereof and substitutions therefor), under (a) any and all Rate Management
Transactions, and (b) any and all cancellations, buy backs, reversals, terminations or assignments of any Rate Management Transactions. 

“Rate Management Transaction” means any transaction (including an agreement with respect thereto) now existing or hereafter
entered into between any Borrower and any Lender or Affiliate thereof which is a rate swap, basis swap, forward rate transaction, commodity swap, commodity option, equity or equity index swap, equity or equity index option, bond option, interest
rate option, foreign exchange transaction, cap transaction, floor transaction, collar transaction, forward transaction, currency swap transaction, cross-currency rate swap transaction, currency option or any other similar transaction (including any
option with respect to any of these transactions) or any combination thereof, whether linked to one or more interest rates, foreign currencies, commodity prices, equity prices or other financial measures. 

“Receivables Transaction Attributed Indebtedness” means the amount of obligations outstanding under the legal documents
entered into as part of any Qualified Receivables Transaction on any date of determination that would be characterized as principal if such Qualified Receivables Transactions were structured as a secured lending transaction rather than as a
purchase. 
 “Register” is defined in Section 12.01(c). 

“Regulation D” means Regulation D of the Board of Governors of the Federal Reserve System as from time to time in effect and
any successor thereto or other regulation or official interpretation of said Board of Governors. 
 “Regulation U” means
Regulation U of the Board of Governors of the Federal Reserve System as from time to time in effect and any successor or other regulation or official interpretation of said Board of Governors. 

“Regulation X” means Regulation X of the Board of Governors of the Federal Reserve System as from time to time in effect and
any successor or other regulation or official interpretation of said Board of Governors. 
 “Related Parties” means, with
respect to any Person, such Person’s Affiliates and the partners, members, directors, officers, employees, agents and controlling persons of such Person and of such Person’s Affiliates. 

  
 18 

 “Replacement Rate” is defined in Section 3.07(b). 

“Reportable Event” means a reportable event, as defined in Section 4043 of ERISA and the regulations issued under such
section, with respect to a Plan, excluding, however, such events as to which the PBGC has by regulation or otherwise waived the requirement of Section 4043(a) of ERISA that it be notified within thirty (30) days of the occurrence of such
event, provided, however, that a failure to meet the minimum funding standard of Section 412 of the Code and of Section 302 of ERISA shall be a Reportable Event regardless of the issuance of any such waiver of the notice
requirement in accordance with either Section 4043(a) of ERISA or Section 412(c) of the Code. 
 “Required
Lenders” means, on any date of determination, Lenders in the aggregate having greater than fifty percent (50%) of the Aggregate Commitment or, if the Aggregate Commitment has been terminated, the aggregate outstanding principal Dollar
Equivalent of all Loans on such date; provided that the Commitments of, and the portion of the aggregate outstanding Loans held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of Required
Lenders. 
 “Requisite Amount” means $250,000,000. 

“Reserve Requirement” means, with respect to an Interest Period, the maximum aggregate reserve requirement (including all
basic, supplemental, marginal and other reserves) which is imposed under Regulation D on “Eurocurrency liabilities” (as defined in Regulation D). 

“Resolution Authority” means an EEA Resolution Authority or, with respect to any UK Financial Institution, a UK Resolution
Authority. 
 “Revolving Facility” means the revolving facility provided hereunder and evidenced by the Commitments and
Loans. 
 “Revaluation Date” means with respect to any Loan denominated in a Foreign Currency (i) the first day of
each Interest Period applicable to such Loan and (ii) in the case of any Loan with an Interest Period longer than three months, at three-month intervals after the first day of such Interest Period. 

“S&P” means Standard & Poor’s Financial Services LLC, a subsidiary of S&P Global Inc. (or any successor
thereto). 
 “Same Day Funds” means (a) with respect to disbursements and payments in Dollars, immediately available
funds, and (b) with respect to disbursements and payments in a Foreign Currency, same day or other funds as may be determined by the Administrative Agent to be customary in the place of disbursement or payment for the settlement of
international banking transactions in the relevant Foreign Currency. 

  
 19 

 “Sanctions” means sanctions administered by OFAC (including by being listed
on the list of Specially Designated Nationals and Blocked Persons issued by OFAC) or the U.S. Department of State. 

“Schedule” refers to a specific schedule to this Agreement, unless another document is specifically referenced. 

“Scheduled Unavailability Date” is defined in Section 3.07(b). 

“SEC” means the Securities and Exchange Commission, or any Governmental Authority succeeding to any of its principal
functions. 
 “Section” means a numbered section of this Agreement, unless another document is specifically referenced.

 “Sterling” and “£” mean the lawful currency of the United Kingdom. 

“Subsidiary” of a Person means (a) any corporation more than fifty percent (50%) of the outstanding securities having
ordinary voting power of which shall at the time be owned or controlled, directly or indirectly, by such Person or by one or more of its Subsidiaries or by such Person and one or more of its Subsidiaries, or (b) any partnership, limited
liability company, association, joint venture or similar business organization more than fifty percent (50%) of the ownership interests having ordinary voting power of which shall at the time be so owned or controlled. Unless otherwise expressly
provided, all references herein to a “Subsidiary” shall mean a Subsidiary of WBA. 
 “Subsidiary Borrower
Obligations” is defined in Section 16.01. 
 “Substantial Portion” means, on any date of determination, with
respect to the Property of WBA and its Subsidiaries, Property which represents more than fifteen percent (15%) of the Consolidated Assets of WBA and its Subsidiaries on such date. 

“TARGET Day” means any day on which TARGET2 (or, if such payment system ceases to be operative, such other payment system, if
any, reasonably determined by the Administrative Agent to be a suitable replacement) is open for the settlement of payments in Euro. 

“TARGET2” means the Trans-European Automated Real-time Gross Settlement Express Transfer payment system which utilizes a
single shared platform and which was launched on November 19, 2007. 
 “Taxes” means all present or future taxes,
levies, imposts, duties, deductions, withholdings (including backup withholding), assessments, fees or other charges imposed by any Governmental Authority, including any interest, additions to tax or penalties applicable thereto. 

“Total Capitalization” means Consolidated Debt plus Consolidated Net Worth. 

  
 20 

 “Total Tangible Assets” means, at any date of determination, Consolidated
Assets less the sum of (i) Intangible Assets and (ii) the amount of Capitalized Leases included as assets on the consolidated balance sheet of WBA and its Subsidiaries as at the end of WBA’s fiscal quarter ending prior
to such date. 
 “Transferee” is defined in Section 12.02. 

“Type” means, with respect to any Loan, its nature as an Alternate Base Rate Loan or a Eurocurrency Loan, as applicable. 

“UK Borrower DTTP Filing” means an HM Revenue & Customs’ Form DTTP2 duly completed and filed by the
Designated Borrower, which: (i) where it relates to a UK Treaty Lender that is a Lender on the Effective Date, contains the scheme reference number and jurisdiction of tax residence stated opposite that Lender’s name in Schedule
3.05 and is filed with HM Revenue & Customs within 30 days of the Effective Date; or (ii) where it relates to a UK Treaty Lender that is not an Lender on the Effective Date, contains the scheme reference number and jurisdiction of
tax residence stated in respect of that Lender in the relevant Assignment or Assumption (or, if such Lender becomes Lender otherwise than pursuant to an Assignment and Assumption, in the relevant documentation which it executes on becoming a Lender
under this Agreement); and is filed with HM Revenue & Customs within 30 days of that date; provided that, in the event that a Borrower uses a HM Revenue & Customs’ Form DTTP2A to make a filing in respect of more than
one Lender, such Form DTTP2A shall be deemed to be a HM Revenue & Customs’ Form DTTP2 in respect of each UK Treaty Lender specified therein. 

“UK CTA” means the UK Corporation Tax Act 2009. 

“UK Financial Institution” means any BRRD Undertaking (as such term is defined under the PRA Rulebook (as amended form time
to time) promulgated by the United Kingdom Prudential Regulation Authority) or any person falling within IFPRU 11.6 of the FCA Handbook (as amended from time to time) promulgated by the United Kingdom Financial Conduct Authority, which includes
certain credit institutions and investment firms, and certain affiliates of such credit institutions or investment firms. 
 “UK
ITA” means the UK Income Tax Act 2007. 
 “UK Non-Bank Lender” means:
(i) where a Lender is a party to this Agreement on the Effective Date, a Lender which is designated as a UK Non-Bank Lender in Schedule 3.05; and (ii) where a Lender becomes a party to this
Agreement after the date of this Agreement, a Lender which gives a UK Tax Confirmation in the relevant Assignment or Assumption (or, if such Lender becomes Lender otherwise than pursuant to an Assignment and Assumption, in the relevant documentation
which it executes on becoming a Lender under this Agreement). 

  
 21 

 “UK Qualifying Lender” means a Lender which is beneficially entitled
to interest payable to that Lender in respect of an advance under a Loan Document and is (a) a Lender: (i) which is a bank (as defined for the purpose of section 879 of the UK ITA) making an advance under a Loan Document and is within the
charge to UK corporation tax as respects any payments of interest made in respect of that advance or would be within such charge as respects such payments apart from section 18A of the UK CTA; or (ii) in respect of an advance made under a Loan
Document by a person that was a bank (as defined for the purpose of section 879 of the UK ITA) at the time that that advance was made and within the charge to UK corporation tax as respects any payments of interest made in respect of that advance;
or (b) a Lender which is: (i) a company resident in the United Kingdom for UK tax purposes; or (ii) a partnership each member of which is: (1) a company so resident in the United Kingdom; or (2) a company not so resident in
the United Kingdom which carries on a trade in the United Kingdom through a permanent establishment and which brings into account in computing its chargeable profits (within the meaning of section 19 of the UK CTA) the whole of any share of interest
payable in respect of that advance that falls to it by reason of Part 17 of the UK CTA; or (iii) a company not so resident in the United Kingdom which carries on a trade in the United Kingdom through a permanent establishment and which brings
into account interest payable in respect of that advance in computing the chargeable profits (within the meaning of section 19 of the CTA) of that company; (c) a UK Treaty Lender or (d) a building society (as defined for the purposes of
section 880 of the UK ITA) making an advance under a Loan Document. 
 “UK Resolution Authority” means the Bank of England
or any other public administrative authority having responsibility for the resolution of any UK Financial Institution. 
 “UK Tax
Confirmation” means a confirmation by a Lender that the person beneficially entitled to interest payable to that Lender in respect of an advance under a Loan Document is either: (a) a company resident in the United Kingdom for United
Kingdom tax purposes; or (b) a partnership each member of which is: (i) a company so resident in the United Kingdom; or (ii) a company not so resident in the United Kingdom which carries on a trade in the United Kingdom through a
permanent establishment and which brings into account in computing its chargeable profits (within the meaning of section 19 of the UK CTA) the whole of any share of interest payable in respect of that advance that falls to it by reason of Part 17 of
the UK CTA; or (c) a company not so resident in the United Kingdom which carries on a trade in the United Kingdom through a permanent establishment and which brings into account interest payable in respect of that advance in computing the
chargeable profits (within the meaning of section 19 of the UK CTA) of that company. 
 “UK Tax Deduction” means a
deduction or withholding for or on account of Tax imposed by the United Kingdom from a payment under a Loan Document, other than a deduction or withholding required by FATCA. 

“UK Treaty State” means a jurisdiction having a double taxation agreement (a “UK Treaty”) with the United
Kingdom which makes provision for full exemption from tax imposed by the United Kingdom on interest. 

  
 22 

 “UK Treaty Lender” means a Lender which: (1) is treated as a resident
of a UK Treaty State for the purposes of a UK Treaty; (2) does not carry on a business in the United Kingdom through a permanent establishment with which that Lender’s participation in the Loan is effectively connected; and
(3) fulfils any conditions which must be fulfilled under that UK Treaty to obtain full exemption from United Kingdom tax on interest payable to that Lender in respect of an advance under a Loan Document, subject to the completion of any
necessary procedural formalities, except that it shall be assumed that any condition in the UK Treaty that relates (expressly or by implication) to there being no special relationship between the applicable Borrower and such Lender or among the
applicable Borrower, such Lender and another Person, is satisfied. 
 “U.S. Patriot Act” means the Uniting and
Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001)), as amended. 

“Unfunded Liabilities” means the amount (if any) by which the present value of all vested and unvested accrued benefits under
all Plans exceeds the fair market value of all such Plan assets allocable to such benefits, all determined as of the then most recent valuation date for such Plans using PBGC actuarial assumptions for single employer plan terminations. 

“Unmatured Default” means an event which but for the lapse of time or the giving of notice, or both, would constitute a
Default. 
 “Unrealized losses” means the fair market value of the cost to such Person of replacing such Rate Management
Transaction as of the date of determination (assuming the Rate Management Transaction were to be terminated as of that date), and “unrealized profits” means the fair market value of the gain to such Person of replacing such Rate Management
Transaction as of the date of determination (assuming such Rate Management Transaction were to be terminated as of that date). 

“VAT” means (a) any tax imposed in compliance with the Council Directive of 28 November 2006 on the common system
of value added tax (EC Directive 2006/112); and (b) any other tax of a similar nature, whether imposed in a member state of the European Union in substitution for, or levied in addition to, such tax referred to in paragraph
(a) above, or imposed elsewhere. 
 “WBA” is defined in the preamble. 

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

  
 23 

 The foregoing definitions shall be equally applicable to both the singular and plural forms
of the defined terms. 
 Any accounting terms used in this Agreement which are not specifically defined herein shall have the meanings
customarily given them in accordance with Agreement Accounting Principles. 
 Section 1.02 References. Any
references to WBA’s Subsidiaries shall not in any way be construed as consent by the Administrative Agent or any Lender to the establishment, maintenance or acquisition of any Subsidiary, except as may otherwise be permitted hereunder. 

Section 1.03 Exchange Rates, Basket Calculations, Eurocurrency Rate and Eurocurrency Base Rate. (a) The
Administrative Agent shall determine the Exchange Rate in respect of each Revaluation Date to be used for calculating Dollar Equivalent amounts of Loans denominated in Foreign Currencies. Such Exchange Rates shall become effective as of such
Revaluation Date and shall be the Exchange 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 WBA hereunder or calculating
financial covenants hereunder or except as otherwise provided herein, the applicable amount of any currency (other than Dollars) for purposes of the Loan Documents shall be such Dollar Equivalent amount as so determined by the Administrative Agent
based on the Exchange Rate in respect of the date of such determination as if such date were the Revaluation Date. 
 (b) Wherever in this
Agreement in connection with a Borrowing, conversion, continuation or prepayment of a Eurocurrency Loan, an amount, such as a required minimum or multiple amount, is expressed in Dollars, but such Borrowing or Eurocurrency Loan is denominated in a
Foreign Currency, such amount shall be the relevant Foreign Currency equivalent of such Dollar amount (rounded to the nearest unit of such Foreign Currency, with 0.5 of a unit being rounded upward), as determined by the Administrative Agent on the
basis of the Exchange Rate (determined in respect of the most recent Revaluation Date). 
 (c) For purposes of determining compliance with
Section 6.09, no Unmatured Default or Default shall be deemed to have occurred solely as a result of changes in Exchange Rates occurring after the time any Lien is created or incurred. 

(d) For purposes of determining compliance with Section 6.10, the amount of Indebtedness for Borrowed Money denominated in any currency
other than Dollars will be converted into Dollars based on the relevant Exchange Rate(s) in effect as of the last day of the fiscal quarter of WBA for which the ratio of Consolidated Debt to Total Capitalization is calculated. 

  
 24 

 (e) The Administrative Agent does not warrant, nor accept responsibility, nor shall the
Administrative Agent have any liability with respect to the administration, submission or any other matter related to the rates in the definitions of “Eurocurrency Rate” or “Eurocurrency Base Rate” or with respect to any
comparable or successor rate thereto. 
 Section 1.04 Change of Currency. (a) Each obligation of the
Borrowers under this Agreement to make a payment denominated in the national currency unit of any member state of the European Union that adopts the Euro in accordance with the legislation of the European Union relating to Economic and Monetary
Union as its lawful currency after the date hereof shall be redenominated into Euro at the time of such adoption, provided that if and to the extent that such legislation or member state provides that any such obligation may be paid by debtors in
either the Euro or such other currency, then the Borrowers shall be permitted to repay such amount either in the Euro or such other currency. If, in relation to the currency of any such member state, the basis of accrual of interest expressed in
this Agreement in respect of that currency shall be inconsistent with any convention or practice in the London interbank market for the basis of accrual of interest in respect of the Euro, such expressed basis shall be replaced by such convention or
practice with effect from the date on which such member state adopts the Euro as its lawful currency; provided that if any borrowing in the currency of such member state is outstanding immediately prior to such date, such replacement shall
take effect, with respect to such borrowing, at the end of the then-current Interest Period. 
 (b) Each provision of this Agreement shall
be subject to such reasonable changes of construction as the Administrative Agent may from time to time specify to be reasonably necessary to reflect the adoption of the Euro by any member state of the European Union and any relevant market
conventions or practices relating to the Euro. 
 (c) Each provision of this Agreement also shall be subject to such reasonable changes of
construction as the Administrative Agent may from time to time specify to be reasonably necessary to reflect a change in currency of any other country and any relevant market conventions or practices relating to the change in currency. 

ARTICLE II 
 THE CREDITS

 Section 2.01 Description of Facility; Commitments . From and including the Effective Date
and prior to the Facility Termination Date, upon the satisfaction of the conditions precedent set forth in Section 4.02 each Lender severally and not jointly agrees, on the terms and conditions set forth in this Agreement, to make Loans to any
Borrower from time to time in amounts not to exceed in the aggregate at any one time outstanding its Pro Rata Share of the Aggregate Commitment; provided that after giving effect to such Loans, (a) the aggregate principal Dollar
Equivalent of all Lenders’ Loans outstanding at such time, after giving effect to any borrowings and prepayments or repayments of any Loans occurring on such date, shall not exceed the Aggregate Commitment at such time and (b) with
respect to any Lender, the aggregate principal Dollar Equivalent of such Lender’s Loans outstanding at such time, after giving effect to any borrowings and prepayments or repayments of any Loans occurring on such 

  
 25 

 
date, shall not exceed such Lender’s Commitment at such time, which Loans (other than Alternate Base Rate Loans) may, at the applicable Borrower’s election, be denominated in
Dollars or a Foreign Currency. Subject to the terms of this Agreement, any Borrower may borrow, repay and reborrow Loans at any time prior to the Facility Termination Date. Each Borrowing of Loans shall be in a minimum aggregate principal amount of
(x) in the case of Loans denominated in Dollars, $10,000,000 or any integral multiple of $1,000,000 in excess thereof, (y) in the case of Loans denominated in Euro, €10,000,000 or any integral multiple of €1,000,000 in excess
thereof and (z) in the case of Loans denominated in Sterling, £10,000,000 or any integral multiple of £1,000,000 in excess thereof (or, in each case, if less, the remaining unused Aggregate Commitment as of such date). The
Commitments to lend hereunder shall expire automatically on the Facility Termination Date. Each Loan shall be made by each Lender in accordance with such Lender’s Pro Rata Share of the Aggregate Commitment. 

Section 2.02 [Reserved]. 

Section 2.03 [Reserved]. 

Section 2.04 Types of Loans. The Loans may consist of Alternate Base Rate Loans or Eurocurrency Loans, or a
combination thereof, selected by the applicable Borrower in accordance with Sections 2.08 and 2.09. 

Section 2.05 Fees; Reductions in Aggregate Commitment.  

(a) Commitment Fee. WBA agrees to pay to the Administrative Agent for the account of each Lender a commitment fee in Dollars (the
“Commitment Fee”) at a per annum rate equal to the Commitment Fee Rate on the daily actual excess of such Lender’s Commitment over the outstanding principal Dollar Equivalent of such Lender’s outstanding Loans (such
excess, such Lender’s “Actual Unused Commitments”) as adjusted pursuant to Section 2.05(c), accruing from and including the Effective Date to and including the date on which the Commitments have been terminated in full and
all Obligations hereunder have been paid in full pursuant to Section 2.07(c), payable quarterly in arrears on each Payment Date; provided that no Commitment Fee shall accrue hereunder with respect to the Actual Unused Commitment of a
Defaulting Lender so long as such Lender shall be a Defaulting Lender. 
 (b) Fee Letter. WBA shall pay to the Administrative Agent,
for the account of the Lender as of the Effective Date, the fee in the amount and at the time specified in the Fee Letter. Such fee shall be fully earned when paid and shall be non-refundable for any reason
whatsoever. 
 (c) Voluntary Reductions in Aggregate Commitment. WBA shall have the right, upon same day written notice to the
Administrative Agent delivered prior to 11:00 a.m. (New York time) on any Business Day, to terminate in whole or reduce in part the unused portions of the Commitments of the Lenders at the election of WBA. Each partial reduction of the Commitments
shall be in the aggregate amount of $10,000,000 or an integral multiple of $1,000,000 in excess thereof and, once terminated, a Commitment may not be reinstated. The Administrative Agent will promptly notify the Lenders of any termination or
reduction of the 

  
 26 

 
Commitments under this Section 2.05(c). Each voluntary reduction of the Commitments pursuant to this Section 2.05(c) will be applied to the outstanding Commitments of each Lender in
accordance with such Lender’s Pro Rata Share of the Revolving Facility. All fees in respect of the Commitments (including any Commitment Fees) accrued until the effective date of any termination of such Commitments shall be paid on the
effective date of such termination. For the avoidance of doubt, WBA shall not be permitted to terminate in whole or reduce in part the Commitments to the extent that, after giving effect to such termination, the then outstanding Dollar Equivalent of
Loans would exceed the Aggregate Commitment. 
 (d) Automatic Reductions in Commitments. The Aggregate Commitment shall terminate on
the Facility Termination Date. 
 Section 2.06 [Reserved]. 

Section 2.07 Prepayments and Repayments. (a) Optional Prepayments. Each Borrower may from
time to time pay, without penalty or premium, all of its outstanding Alternate Base Rate Loans, or, in a minimum aggregate amount of $10,000,000 or any integral multiple of $1,000,000 in excess thereof, any portion of its outstanding Alternate Base
Rate Loans upon prior notice to the Administrative Agent (which may be in a form on an electronic platform or electronic transmission system as shall be approved by the Administrative Agent) (stating the proposed date and aggregate principal amount
of the applicable prepayment) at or before 1:00 p.m. (in the case of a notice delivered by WBA, New York time, and in the case of a notice delivered by the Designated Borrower, London time) on the date of such payment. Each Borrower may from time to
time pay, subject to the payment of any funding indemnification amounts required by Section 3.04 but without penalty or premium, all of its outstanding Eurocurrency Loans, or, in a minimum aggregate amount of (x) in the case of Loans
denominated in Dollars, $10,000,000 or any integral multiple of $1,000,000 in excess thereof, (y) in the case of Loans denominated in Euro, €10,000,000 or any integral multiple of €1,000,000 in excess thereof and (z) in the case
of Loans denominated in Sterling, £10,000,000 or any integral multiple of £1,000,000 in excess thereof, any portion of its outstanding Eurocurrency Loans upon prior notice to the Administrative Agent (stating the proposed date and
aggregate principal amount of the applicable prepayment) (I) (a) in the event that HSBC Bank plc is the sole Lender under the Revolving Facility on the date of delivery of the applicable notice, at or before 1:00 p.m. (in the case of a notice
delivered by WBA, New York time, and in the case of a notice delivered by the Designated Borrower, London time) at least two (2) Business Days prior to the date of such payment in the case of any Eurocurrency Loans denominated in Dollars and
(b) in the event that more than one Person is a Lender under the Revolving Facility on the date of delivery of the applicable notice, with the consent of the Administrative Agent (such consent not to be unreasonably withheld or delayed) at or
before 1:00 p.m. (in the case of a notice delivered by WBA, New York time, and in the case of a notice delivered by the Designated Borrower, London time) at least two (2) Business Days prior to the date of such payment in the case of any
Eurocurrency Loans denominated in Dollars, but in no event shall such notice period be longer than three (3) Business Days and (II) at or before 1:00 p.m. (in the case of a notice delivered by WBA, New York time, and in the case of a
notice delivered by the Designated Borrower, London time) at least four (4) Business Days prior to the 

  
 27 

 
date of such payment, in the case of any Eurocurrency Loans denominated in a Foreign Currency (or, in each case, subject to the payment of any funding indemnification amounts, if any, required by
Section 3.04, such other prior notice as the Administrative Agent may agree to). Subject to Section 2.20, each such prepayment shall be applied to the Loans outstanding at the direction of the applicable Borrower and will be applied to the
outstanding Loans of each Lender in accordance with such Lender’s Pro Rata Share of the Revolving Facility. 
 (b) Mandatory
Prepayments. If the Administrative Agent notifies WBA, at any time, that the Dollar Equivalent with respect to Loans denominated in any Foreign Currency plus the then outstanding amount of Loans denominated in Dollars, exceeds the
Aggregate Commitment, then WBA shall, and shall cause the Designated Borrower to, within five business days, prepay such Loans or take such other action, in each case, to the extent necessary to eliminate any such excess. 

(c) Repayments. WBA shall pay any unpaid principal of and accrued and unpaid Obligations on or relating to the Loans in full on the
Facility Termination Date. This Agreement shall terminate on the Facility Termination Date. Notwithstanding any such termination, until all of the Obligations (other than contingent indemnity obligations) shall have been fully paid and satisfied and
all financing arrangements among the Borrowers and the Lenders hereunder and under the other Loan Documents shall have been terminated, all of the rights and remedies under this Agreement and the other Loan Documents shall survive. 

Section 2.08 Method of Selecting Types and Interest Periods for New Loans. The applicable
Borrower shall select the Type of Borrowing and, in the case of each Eurocurrency Loan, the Interest Period applicable thereto from time to time. The applicable Borrower shall give the Administrative Agent notice (which notice may be conditioned on
the satisfaction or waiver (in accordance with Section 8.02) of the conditions set forth in Section 4.02) by a borrowing notice substantially in the form of Exhibit D or such other form as may be approved by the Administrative Agent
(including any form on an electronic platform or electronic transmission system as shall be approved by the Administrative Agent), in each case appropriately completed and signed by an Authorized Officer of the applicable Borrower (a
“Borrowing Notice”); provided that each such Borrowing Notice must be received no later than (x) 11:00 a.m. (in the case of a Borrowing Notice delivered by WBA, New York time, and in the case of a Borrowing Notice delivered
by the Designated Borrower, London time) on the date of the proposed borrowing of each Alternate Base Rate Loan, (y) (i) in the event that HSBC Bank plc is the sole Lender under the Revolving Facility on the date of delivery of the applicable
Borrowing Notice, 11:00 a.m. (in the case of a Borrowing Notice delivered by WBA, New York time, and in the case of a Borrowing Notice delivered by the Designated Borrower, London time) two (2) Business Days before the date of the proposed
borrowing of each Eurocurrency Loan denominated in Dollars and (ii) in the event that more than one Person is a Lender under the Revolving Facility on the date of delivery of the applicable Borrowing Notice, with the consent of the
Administrative Agent (such consent not to be unreasonably withheld or delayed), 11:00 a.m. (in the case of a Borrowing Notice delivered by WBA, New York time, and in the case of a Borrowing Notice delivered by the Designated Borrower, London time)
two (2) Business Days before the date of the proposed borrowing of each Eurocurrency Loan denominated in Dollars, 

  
 28 

 
but in no event shall such notice period be longer than three (3) Business Days and (z) 11:00 a.m. (in the case of a Borrowing Notice delivered by WBA, New York time, and in the case of a
Borrowing Notice delivered by the Designated Borrower, London time) four (4) Business Days before the date of the proposed borrowing of each Eurocurrency Loan denominated in a Foreign Currency. A Borrowing Notice shall specify: 

(a) the date of the proposed borrowing, which shall be a Business Day, of such Loans, 

(b) the aggregate amount and currency of the Loans comprising the proposed borrowing (which Loan shall be in a minimum aggregate principal
amount of (x) in the case of Loans denominated in Dollars, $10,000,000 or any integral multiple of $1,000,000 in excess thereof, (y) in the case of Loans denominated in Euro, €10,000,000 or any integral multiple of €1,000,000 in
excess thereof and (z) in the case of Loans denominated in Sterling, £10,000,000 or any integral multiple of £1,000,000 in excess thereof (or, in each case, if less, the unused Aggregate Commitment as of such date)), 

(c) the Type of Borrowing selected, 

(d) the identity of the Borrower, and 

(e) in the case of a proposed borrowing comprised of Eurocurrency Loans, the Interest Period applicable thereto. 

The location and number of the applicable Borrower’s account to which proceeds of the Loans are to be disbursed shall be set forth in
written settlement instructions executed by two Authorized Officers of the applicable Borrower (neither of which shall hold the title of Vice President, Global Treasury) and the Administrative Agent shall have confirmed such location and number of
such Borrower’s account to which proceeds of a Loan are to be disbursed orally by telephone. Any change to the location and number of the applicable Borrower’s account to which proceeds of a Loan are to be disbursed shall be set forth in
written settlement instructions executed by two Authorized Officers of the applicable Borrower (neither of which shall hold the title of Vice President, Global Treasury) and the Administrative Agent shall have confirmed such change to the location
and number of such Borrower’s account to which proceeds of a Loan are to be disbursed orally by telephone. 
 If the applicable
Borrower fails to specify a currency in a Borrowing Notice requesting a Loan, then the Loan so requested shall be made in Dollars. 
 No
more than ten (10) Interest Periods shall be in effect at any time (unless such limit has been waived by the Administrative Agent in its sole discretion). 

  
 29 

 Section 2.09 Conversion and Continuation of Outstanding
Loans. Alternate Base Rate Loans shall continue as Alternate Base Rate Loans unless and until such Alternate Base Rate Loans are converted into Eurocurrency Loans pursuant to this Section 2.09 or are prepaid or repaid in
accordance with Section 2.07. Each Eurocurrency Loan shall continue as a Eurocurrency Loan until the end of the then applicable Interest Period therefor, at which time such Eurocurrency Loan shall be automatically converted into an Alternate
Base Rate Loan (provided, that in the case of a Eurocurrency Loan denominated in a Foreign Currency, such Eurocurrency Loan shall be continued as a Eurocurrency Loan in its original currency with an Interest Period of one month), unless
(x) such Eurocurrency Loan is or was repaid in accordance with Section 2.07 or (y) the applicable Borrower shall have given the Administrative Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of
such Interest Period, such Eurocurrency Loan continue as a Eurocurrency Loan for the same or another Interest Period. The applicable Borrower may elect from time to time to convert all or any part of an Alternate Base Rate Loan into a Eurocurrency
Loan. No Loan may be converted into or continued as a Loan denominated in a different currency, but instead must be prepaid in the original currency of such Loan and reborrowed in the other currency. Notwithstanding anything to the contrary
contained in this Section 2.09 (except with the consent of the Required Lenders) when any Default has occurred and is continuing each Eurocurrency Loan shall be continued as a Loan in its original currency with an Interest Period not longer
than one month. The applicable Borrower shall give the Administrative Agent notice substantially in the form of Exhibit E or such other form as may be approved by the Administrative Agent (including any form on an electronic platform or electronic
transmission system as shall be approved by the Administrative Agent), in each case appropriately completed and signed by an Authorized Officer of the applicable Borrower (a “Conversion/Continuation Notice”) of each
conversion of an Alternate Base Rate Loan into a Eurocurrency Loan or a continuation of a Eurocurrency Loan, with each such Conversion/Continuation Notice to be received not later (I) (a) in the event that HSBC Bank plc is the sole Lender under
the Revolving Facility on the date of delivery of the applicable Conversion/Continuation Notice, 11:00 a.m. (in the case of a Conversion/Continuation Notice delivered by WBA, New York time, and in the case of a notice delivered by the Designated
Borrower, London time) at least two (2) Business Days, in the case of any Loans denominated in Dollars, prior to the date of the requested conversion or continuation and (b) in the event that more than one Person is a Lender under the
Revolving Facility on the date of delivery of the applicable Conversion/Continuation Notice, with the consent of the Administrative Agent (such consent not to be unreasonably withheld or delayed) 11:00 a.m. (in the case of a Conversion/Continuation
Notice delivered by WBA, New York time, and in the case of a notice delivered by the Designated Borrower, London time) at least two (2) Business Days, in the case of any Loans denominated in Dollars, prior to the date of the requested
conversion or continuation, but in no event shall such notice period be longer than three (3) Business Days and (II) 11:00 a.m. (in the case of a Conversion/Continuation Notice delivered by WBA, New York time, and in the case of a notice
delivered by the Designated Borrower, London time) at least four (4) Business Days, in the case of any Eurocurrency Loans denominated in a Foreign Currency, prior to the date of the requested conversion or continuation, in each case,
specifying: 
 (a) the requested date, which shall be a Business Day, of such conversion or continuation, 

(b) the aggregate amount and Type of the Loan which is to be converted or continued as a Eurocurrency Loan, and 

  
 30 

 (c) the duration of the Interest Period applicable thereto. 

Section 2.10 Interest Rates. Each Alternate Base Rate Loan shall bear interest on the outstanding
principal amount thereof, for each day from and including the date such Loan is made or is converted from a Eurocurrency Loan into an Alternate Base Rate Loan pursuant to Section 2.09 hereof, to but excluding the date it is paid or is converted
into a Eurocurrency Loan pursuant to Section 2.09 hereof, at a rate per annum equal to the Alternate Base Rate plus the Applicable Margin for such day. Changes in the rate of interest on that portion of any Loan maintained as an Alternate Base
Rate Loan will take effect simultaneously with each change in the Alternate Base Rate. Each Eurocurrency Loan shall bear interest on the outstanding principal amount thereof, for each day from and including the first day of the Interest Period
applicable thereto to (but not including) the last day of such Interest Period at the Eurocurrency Rate (with the Eurocurrency Base Rate determined pursuant to clause (a) of the definition thereof) for the applicable period plus the Applicable
Margin. No Interest Period may end after the Maturity Date. 
 Section 2.11 Rates Applicable After
Default. During the continuance of a Default under Section 7.02 the Required Lenders may, at their option, by notice to WBA and the Designated Borrower (which notice may be revoked at the option of the Required Lenders
notwithstanding any provision of Section 8.02 requiring unanimous consent of the Lenders to changes in interest rates, and which election and notice shall not be required after a Default or Unmatured Default under Section 7.05 or 7.06),
declare that interest on the overdue amount of the Loans shall be payable at a rate (after as well as before the commencement of any proceeding under any Debtor Relief Laws) equal to 2% per annum in excess of the rate otherwise payable thereon (and,
with respect to any other overdue amounts, shall bear interest at a rate equal to the Alternate Base Rate plus the Applicable Margin applicable to Alternate Base Rate Loans plus 2% per annum) commencing on the date of such Default and
continuing until such Default is cured or waived. 
 Section 2.12 Method of Payment. Except as
otherwise specified herein, all payments by each Borrower of principal, interest and its other Obligations shall be made, (i) with respect to Loans denominated in Dollars and the Aggregate Commitment, in Dollars, and (ii) with respect to
Loans denominated in any Foreign Currency, in the applicable Foreign Currency in which such Loans are denominated. All payments of the Obligations hereunder shall be made, without setoff, deduction, or counterclaim, in immediately available funds to
the Administrative Agent at the Administrative Agent’s address specified pursuant to Article XIII, or at any other Lending Installation of the Administrative Agent specified in writing by the Administrative Agent to the applicable Borrower, by
2:00 p.m. (in the case of a notice delivered to WBA, New York time, and in the case of a notice delivered to the Designated Borrower, London time), in the case of any payments made in Dollars, and not later than the Applicable Time, in the case of
any payments made in a Foreign Currency, in each case, on the date when due and shall be applied ratably by the Administrative Agent among the Lenders entitled thereto. Each payment delivered to the Administrative Agent for the account of any Lender
shall be delivered promptly by the Administrative Agent to such Lender in the same type of funds that the Administrative Agent received at such Lender’s address specified pursuant to Article XIII or at any Lending Installation specified in a
notice received by the Administrative Agent from such Lender. 

  
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 Section 2.13 Noteless Agreement; Evidence of
Indebtedness. (a) Each Lender shall maintain in accordance with its usual practice an account or accounts evidencing the indebtedness of each Borrower to such Lender resulting from each Loan made by such Lender to such Borrower from
time to time, including the amounts of principal and interest payable and paid to such Lender from time to time hereunder. 
 (b) The
Administrative Agent shall also maintain accounts in which it will record (A) the date and the amount of each Loan made hereunder, the Type thereof and the Interest Period applicable thereto, (B) the amount of any principal or interest due
and payable or to become due and payable from each Borrower to each Lender hereunder, (C) the effective date and amount of each Assignment and Assumption delivered to and accepted by it and the parties thereto pursuant to Section 12.01,
(D) the amount of any sum received by the Administrative Agent hereunder from each applicable Borrower and each Lender’s share thereof, and (E) all other appropriate debits and credits as provided in this Agreement, including, without
limitation, all fees, charges, expenses and interest. In the event of any conflict between the accounts and records maintained by the Administrative Agent and the accounts and records of any Lender in respect of such matters, the accounts and
records of the Administrative Agent shall control absent manifest error. 
 (c) The entries maintained in the accounts maintained pursuant
to clauses (a) and (b) above shall be prima facie evidence of the existence and amounts of the Obligations therein recorded; provided, however, that the failure of the Administrative Agent or any Lender to maintain such
accounts or any error therein shall not in any manner affect the obligation of each Borrower to repay its Obligations in accordance with their terms. 

(d) Any Lender may request that the Loans made or to be made by it be evidenced by a promissory note in substantially the form of
Exhibit C (each, a “Note”). In such event, each applicable Borrower shall prepare, execute and deliver to such Lender such Note or Notes payable to such Lender (or its registered assigns). Thereafter, the
Loans evidenced by each such Note and interest thereon shall at all times (including after any assignment pursuant to Section 12.01) be represented by one or more Notes payable to the payee named therein or any assignee pursuant to
Section 12.01, except to the extent that any such Lender or assignee subsequently returns any such Note for cancellation and requests that such Loans once again be evidenced as described in clauses (a) and (b) above. 

Section 2.14 Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Alternate Base
Rate Loan shall be payable in arrears on each Payment Date, commencing with the first such date to occur after the Borrowing Date with respect to such Alternate Base Rate Loan and on any date on which the Alternate Base Rate Loan is prepaid, whether
due to acceleration or otherwise, and on the Facility Termination Date. Interest accrued on each Eurocurrency Loan shall be payable on the last day of its applicable Interest Period and on any date on which such Eurocurrency Loan is prepaid, whether
by acceleration or otherwise, and on the Facility Termination Date. Interest accrued on each Eurocurrency Loan having an Interest 

  
 32 

 
Period longer than three (3) months shall also be payable on the last day of each three-month interval during such Interest Period. Interest accrued pursuant to Section 2.11 shall be
payable on demand. With respect to (a) interest on all Loans (other than Alternate Base Rate Loans where the interest is based on the Alternate Base Rate), Commitment Fees and other fees hereunder, such interest or fees shall be calculated for
actual days elapsed on the basis of a 360-day year and (b) interest on Loans which are Alternate Base Rate Loans where the interest is based on the Alternate Base Rate, such interest shall be calculated
for actual days elapsed on the basis of a 365/366-day year. Interest shall be payable for the day a Loan is made but not for the day of any payment on the amount paid if payment is received prior to 2:00 p.m.
(in the case of a payment received from WBA, New York time, and in the case of a payment received from the Designated Borrower, London time), in the case of a Loan denominated in Dollars or (y) the Applicable Time, in the case of a Loan
denominated in a Foreign Currency, in each case, at the place of payment. If any payment of principal of or interest on a Loan, any fees or any other amounts payable to the Administrative Agent or any Lender hereunder shall become due on a day which
is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest, fees and commissions in connection with such payment. 

Section 2.15 Notification of Loans, Interest Rates, Prepayments and Commitment Reductions; Availability of
Loans. Promptly after receipt thereof, the Administrative Agent will notify each Lender of the contents of each Commitment reduction notice, Borrowing Notice, Conversion/Continuation Notice and prepayment notice received by it hereunder.
The Administrative Agent will notify each Lender of the interest rate applicable to each Loan promptly upon determination of such interest rate and will give each Lender and each Borrower prompt notice of each change in the Alternate Base Rate. Not
later than 1:00 p.m. (New York time), in the case of any Loan denominated in Dollars, and not later than the Applicable Time, in the case of any Loan denominated in a Foreign Currency, in each case, on each Borrowing Date, each Lender shall make
available its Loan or Loans in funds immediately available to the Administrative Agent’s Office for the applicable currency. The Administrative Agent will make the funds so received from the Lenders available to the applicable Borrower at the
Administrative Agent’s aforesaid address. 
 Section 2.16 Lending Installations. Each
Lender may book its Loans at any Lending Installation selected by such Lender and may change its Lending Installation from time to time. All terms of this Agreement shall apply to any such Lending Installation and the Loans and any Notes issued
hereunder shall be deemed held by each Lender for the benefit of any such Lending Installation. Each Lender may, by written notice to the Administrative Agent and WBA in accordance with Article XIII, designate replacement or additional Lending
Installations through which Loans will be made by it and for whose account Loan payments are to be made. 

Section 2.17 Payments Generally; Administrative Agent’s Clawback.
(a) (i) Funding by Lenders; Presumption by Administrative Agent. Unless the Administrative Agent shall have received notice from a Lender prior to the proposed date of any Borrowing of Eurocurrency Loans (or, in the case of any
Alternate Base Rate Loans, prior to 12:00 noon (New York time) on the date of the proposed Borrowing of such Loans) that such Lender will not make available to 

  
 33 

 
the Administrative Agent such Lender’s share of such Loan, the Administrative Agent may assume that such Lender has made such share available on such date in accordance with
Section 2.15 and may, in reliance upon such assumption, make available to the applicable Borrower a corresponding amount. In such event, if a Lender has not in fact made its share of the applicable Loan available to the Administrative Agent,
then the applicable Lender and the applicable Borrower severally agree to pay to the Administrative Agent forthwith on demand such corresponding amount in Same Day Funds with interest thereon, for each day from and including the date such amount is
made available to the applicable Borrower to but excluding the date of payment to the Administrative Agent, at (A) in the case of a payment to be made by such Lender, the Overnight Rate and (B) in the case of a payment to be made by the
applicable Borrower, the interest rate applicable to Alternate Base Rate Loans. If the applicable Borrower and such Lender shall pay such interest to the Administrative Agent for the same or an overlapping period, the Administrative Agent shall
promptly remit to the applicable Borrower the amount of such interest paid by the applicable Borrower for such period. If such Lender pays its share of the applicable Loan to the Administrative Agent, then the amount so paid shall constitute such
Lender’s Loan included in such Loan. Any payment by the applicable Borrower shall be without prejudice to any claim the applicable Borrower may have against a Lender that shall have failed to make such payment to the Administrative Agent. 

(ii) Payments by Borrower; Presumptions by Administrative Agent. Unless the Administrative Agent shall have received
notice from the applicable Borrower prior to the date on which any payment is due to the Administrative Agent for the account of the Lenders hereunder that the applicable Borrower will not make such payment, the Administrative Agent may assume that
the applicable Borrower has made such payment on such date in accordance herewith and may, in reliance upon such assumption, distribute to the Lenders the amount due. In such event, if the applicable Borrower has not in fact made such payment, then
each of the Lenders severally agrees to repay to the Administrative Agent forthwith on demand the amount so distributed to such Lender in Same Day Funds with interest thereon, for each day from and including the date such amount is distributed to it
to but excluding the date of payment to the Administrative Agent, at the Overnight Rate. 
 A notice of the Administrative Agent to any Lender or the
applicable Borrower with respect to any amount owing under this subsection (a) shall be conclusive, absent manifest error. 
 (b)
Obligations of Lenders Several. The obligations of the Lenders hereunder to make Loans and to make payments pursuant to Section 9.06(c) are several and not joint. The failure of any Lender to make any Loan or to make any payment under
Section 9.06(c) on any date required hereunder shall not relieve any other Lender of its corresponding obligation to do so on such date, and no Lender shall be responsible for the failure of any other Lender to so make its Loan or to make its
payment under Section 9.06(c). 

  
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 Section 2.18 Replacement of Lender. If any
Lender requests compensation under Section 3.01 or 3.02, or if any Lender gives notice to the Borrowers pursuant to Section 3.03, or if any Borrower is required to pay any additional amount to any Lender or any Governmental Authority for
the account of any Lender pursuant to Section 3.05, or if any Lender is a Defaulting Lender, or if a Lender fails to consent to an amendment or waiver approved by the Required Lenders as to any matter for which such Lender’s consent is
needed then WBA may, at its sole expense and effort, upon notice to such Lender and the Administrative Agent, require such Lender to assign and delegate, without recourse (in accordance with and subject to the restrictions contained in, and consents
required by, Section 12.01), all of its interests, rights and obligations under this Agreement and the related Loan Documents to an assignee that shall assume such obligations (which assignee may be another Lender, if a Lender accepts such
assignment), provided that: 
 (a) WBA shall have paid to the Administrative Agent the assignment fee specified in
Section 12.01(b)(iv); 
 (b) such Lender shall have received payment of an amount equal to the outstanding principal of its Loans,
accrued interest thereon, accrued fees and all other amounts payable to it hereunder and under the other Loan Documents (including any amounts under Section 3.04) from the assignee (to the extent of such outstanding principal and accrued
interest and fees) or WBA (in the case of all other amounts); 
 (c) in the case of any such assignment resulting from a claim for
compensation under Section 3.01 or payments required to be made pursuant to Section 3.05, such assignment will result in a reduction in such compensation or payments thereafter; 

(d) such assignment does not conflict with applicable laws; and 

(e) in the case of any such assignment resulting from a failure to consent to an amendment or waiver approved by the Required Lenders, such
assignee shall have consented to the relevant amendment or waiver. 
 A Lender shall not be required to make any such assignment or
delegation if, prior thereto, as a result of a waiver by such Lender or otherwise, the circumstances entitling WBA to require such assignment and delegation cease to apply. 

Section 2.19 Sharing of Payments by Lenders. Except as otherwise specified in this Agreement,
if any Lender shall, by exercising any right of setoff or counterclaim or otherwise, obtain payment in respect of any principal of or interest on any of the Loans made by it resulting in such Lender’s receiving payment of a proportion of the
aggregate amount of such Loans and accrued interest thereon greater than its Pro Rata Share of the Revolving Facility to which it is entitled pursuant hereto, then the Lender receiving such greater proportion shall (a) notify the Administrative
Agent of such fact, and (b) purchase (for cash at face value) participations in the Loans of the other Lenders or make such other adjustments as shall be equitable, so that the benefit of all such payments shall be shared by the Lenders ratably
in accordance with the aggregate amount of principal of and accrued interest on their respective Loans and other amounts owing them, provided that: 

(i) if any such participations are purchased and all or any portion of the payment giving rise thereto is recovered, such
participations shall be rescinded and the purchase price restored to the extent of such recovery, without interest; and 

  
 35 

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

Each Borrower for itself and solely with respect to its Obligations consents to the foregoing and agrees, to the extent it may effectively do so under
applicable law, that any Lender acquiring a participation pursuant to the foregoing arrangements may exercise against such Borrower rights of setoff and counterclaim with respect to such participation as fully as if such Lender were a direct
creditor of such Borrower in the amount of such participation. 
 Section 2.20 Defaulting
Lenders. (a) Adjustments. Notwithstanding anything to the contrary contained in this Agreement, if any Lender becomes a Defaulting Lender, then, until such time as that Lender is no longer a Defaulting Lender, to the
extent permitted by applicable law: 
 (i) Waivers and Amendments. That Defaulting Lender’s right to approve or
disapprove any amendment, waiver or consent with respect to this Agreement shall be restricted as set forth in Section 8.02 and the definition of Required Lender. 

(ii) Reallocation of Payments. Any payment of principal, interest, fees or other amounts received by the
Administrative Agent for the account of that Defaulting Lender under this Agreement or the other Loan Documents (whether voluntary or mandatory, at maturity, pursuant to Section 8.01 or otherwise, and including any amounts made available to the
Administrative Agent by that Defaulting Lender pursuant to Section 11.01), shall be applied at such time or times as may be determined by the Administrative Agent as follows: first, to the payment of any amounts owing by that Defaulting
Lender to the Administrative Agent hereunder; second, as WBA may request (so long as no Default or Unmatured Default exists), to the funding of any Loan in respect of which that Defaulting Lender has failed to fund its portion thereof as
required by this Agreement, as determined by the Administrative Agent; third, if so determined by the Administrative Agent and WBA, to be held in a non-interest bearing deposit account (other than any
interest earned on the investment of such deposits, which investments shall be made at the option and sole discretion of the Administrative Agent (provided that such cash collateral shall be invested solely in investments that provide for
preservation of capital)) and released in order to satisfy obligations of that Defaulting Lender to fund Loans under this Agreement; fourth, to the payment of any amounts owing to the Lenders as a result of any judgment of a court of
competent jurisdiction obtained by any Lender 

  
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against that Defaulting Lender as a result of that Defaulting Lender’s breach of its obligations under this Agreement; fifth, so long as no Default or Unmatured Default exists, to the
payment of any amounts owing to the applicable Borrower as a result of any judgment of a court of competent jurisdiction obtained by such Borrower against that Defaulting Lender as a result of that Defaulting Lender’s breach of its obligations
under this Agreement; and sixth, to that Defaulting Lender or as otherwise directed by a court of competent jurisdiction; provided that if (x) such payment is a payment of the principal amount of any Loans in respect of which that
Defaulting Lender has not fully funded its appropriate share and (y) such Loans were made at a time when the conditions set forth in Section 4.02 were satisfied or waived, such payment shall be applied first to pay the Loans of all non-Defaulting Lenders on a pro rata basis prior to being applied as set forth above in this sub-clause (ii). Any payments, prepayments or other amounts paid or payable to a
Defaulting Lender that are applied (or held) to pay amounts owed by a Defaulting Lender pursuant to this Section 2.20(a)(ii) shall be deemed paid to and redirected by that Defaulting Lender, and each Lender irrevocably consents hereto. 

(iii) Certain Fees. The Defaulting Lender shall not be entitled to receive any Commitment Fee pursuant to
Section 2.05(a) for any period during which that Lender is a Defaulting Lender. 
 (b) Defaulting Lender Cure. If the applicable
Borrower and the Administrative Agent agree in writing in their sole discretion that a Defaulting Lender should no longer be deemed to be a Defaulting Lender, the Administrative Agent will so notify the parties hereto, whereupon as of the effective
date specified in such notice and subject to any conditions set forth therein, that Lender will, to the extent applicable, purchase that portion of outstanding Loans of the other Lenders or take such other actions as the Administrative Agent may
determine to be necessary to cause the Loans to be held on a pro rata basis by the Lenders in accordance with their Pro Rata Shares of the Revolving Facility, whereupon that Lender will cease to be a Defaulting Lender; provided that no
adjustments will be made retroactively with respect to fees accrued or payments made by or on behalf of the applicable 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. 

ARTICLE III 
 YIELD
PROTECTION; TAXES 
 Section 3.01 Yield Protection. If, after the date of this Agreement, any
Change in Law: 
 (a) imposes, modifies or deems applicable any reserve, special deposit, compulsory loan, insurance charge or similar
requirement against assets of, deposits with or for the account of, or credit extended or participated in by, any Lender (except any reserve requirement reflected in the Eurocurrency Rate); 

  
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 (b) subjects any Lender to any Tax of any kind whatsoever (except for (i) Indemnified
Taxes or Other Taxes covered by Section 3.05 and (ii) Excluded Taxes) on its loans, loan principal, letters of credit, commitments, or other obligations, or its deposits, reserves, other liabilities or capital attributable thereto; or 

(c) imposes on any Lender or the London interbank market any other condition, cost or expense affecting this Agreement or Loans made by such
Lender; 
 and the result of any of the foregoing shall be to increase the cost to such Lender of making, continuing, converting to or maintaining any
Eurocurrency Loans or of maintaining its obligation to make any such Eurocurrency Loan, or to reduce the amount of any sum received or receivable by such Lender hereunder (whether of principal, interest or any other amount) then, upon request of
such Lender, WBA shall pay, or shall cause the Designated Borrower to pay, to such Lender such additional amount or amounts as will compensate such Lender for such additional costs incurred or reduction suffered. Notwithstanding the foregoing, no
Lender shall be entitled to seek compensation under this Section 3.01 based on the occurrence of a Change in Law arising solely from (x) the Dodd-Frank Wall Street Reform and Consumer Protection Act and all requests, rules, guidelines or
directives promulgated thereunder or issued in connection therewith or (y) all requests, rules, guidelines or directives promulgated by the Bank for International Settlements, the Basel Committee on Banking Supervision (or any successor or
similar authority) or the United States regulatory authorities, in each case pursuant to Basel III, unless such Lender is generally seeking compensation from other borrowers that are similarly situated to and of similar creditworthiness with respect
to its similarly affected commitments, loans and/or participations under agreements with such borrowers having provisions similar to this Section 3.01. 

Section 3.02 Changes in Capital Adequacy Regulations; Certificates for Reimbursement; Delay in
Requests. (a) Changes in Capital Adequacy. If any Lender determines that any Change in Law after the date of this Agreement affecting such Lender or any Lending Installation of such Lender or such Lender’s holding
company, if any, regarding capital or liquidity requirements has or would have the effect of reducing the rate of return on such Lender’s capital or on the capital of such Lender’s holding company, if any, as a consequence of this
Agreement, the Commitments of such Lender or the Loans made by such Lender, to a level below that which such Lender or such Lender’s holding company could have achieved but for such Change in Law (taking into consideration such Lender’s
policies and the policies of such Lender’s holding company with respect to capital adequacy), then from time to time WBA will pay to such Lender such additional amount or amounts as will compensate such Lender or such Lender’s holding
company for any such reduction suffered. Notwithstanding the foregoing, no Lender shall be entitled to seek compensation under this Section 3.02 based on the occurrence of a Change in Law arising solely from (x) the Dodd-Frank Wall Street
Reform and Consumer Protection Act and all requests, rules, guidelines or directives promulgated thereunder or issued in connection therewith or (y) all requests, rules, guidelines or directives promulgated by the Bank for International
Settlements, the Basel Committee on Banking Supervision (or any successor or similar authority) or the United States regulatory authorities, in each case pursuant to Basel III, unless such Lender is generally seeking compensation from other
borrowers that are similarly situated to and of similar creditworthiness with respect to its similarly affected commitments, loans and/or participations under agreements with such borrowers having provisions similar to this Section 3.02. 

  
 38 

 (b) Certificates for Reimbursement. A certificate of a Lender setting forth
the amount or amounts necessary to compensate such Lender or its holding company, as the case may be, as specified in Section 3.01 or subsection (a) of this Section and delivered to WBA shall be conclusive absent manifest error. WBA shall
pay, or shall cause the Designated Borrower to pay, to such Lender the amount shown as due on any such certificate within fifteen (15) days after receipt thereof. 

(c) Delay in Requests. Failure or delay on the part of any Lender to demand compensation pursuant to the foregoing provisions of this
Section or Section 3.01 shall not constitute a waiver of such Lender’s right to demand such compensation, provided that WBA shall not be required to compensate a Lender pursuant to the foregoing provisions of this Section or
Section 3.01 for any increased costs incurred or reductions suffered more than nine months prior to the date that such Lender notifies WBA of the Change in Law giving rise to such increased costs or reductions and of such Lender’s
intention to claim compensation therefor (except that, if the Change in Law giving rise to such increased costs or reductions is retroactive, then the nine-month period referred to above shall be extended to include the period of retroactive effect
thereof). 
 (d) Additional Reserve Requirements. WBA shall pay (or cause the Designated Borrower to pay) to each Lender, as long as
such Lender shall be required to comply with any reserve ratio requirement or analogous requirement of any central banking or financial regulatory authority imposed in respect of the maintenance of the Commitments or the funding of the Eurocurrency
Loans denominated in a Foreign Currency, such additional costs (expressed as a percentage per annum and rounded upwards, if necessary, to the nearest five decimal places) equal to the actual costs allocated to such Commitment or Loan by such Lender
(as determined by such Lender in good faith, which determination shall be conclusive), which shall be due and payable on each date on which interest is payable on such Loan, provided WBA shall have received at least 30 days’ prior notice
(with a copy to the Administrative Agent) of such additional costs from such Lender. Such Lender shall deliver a certificate to WBA setting forth in reasonable detail a calculation of such actual costs incurred by such Lender and shall certify that
it is generally charging such costs to similarly situated customers of similar creditworthiness of the applicable Lender under agreements having provisions similar to this Section 3.02(d) after consideration of such factors as such Lender then
reasonably determines to be relevant (which determination shall be made in good faith). If a Lender fails to give notice 30 days prior to the relevant Payment Date, such additional costs shall be due and payable 30 days from receipt of such notice.
For the avoidance of doubt, any amounts paid under this Section 3.02(d) shall be without duplication of eurocurrency adjustments in the definition of “Eurocurrency Rate”. 

Section 3.03 Illegality. If any Lender determines that any law has made it unlawful, or that
any Governmental Authority has asserted that it is unlawful, for any Lender or its applicable Lending Installation to make, maintain or fund Eurocurrency Loans, or to determine or charge interest rates based upon the Eurocurrency Base Rate, or any
Governmental Authority 

  
 39 

 
has imposed material restrictions on the authority of such Lender to purchase or sell, or to take deposits of, Dollars or any Foreign Currency in the London interbank market, then, on notice
thereof by such Lender to WBA through the Administrative Agent, any obligation of such Lender to make or continue Eurocurrency Loans or to convert Alternate Base Rate Loans to Eurocurrency Loans shall be suspended until such Lender notifies the
Administrative Agent and WBA that the circumstances giving rise to such determination no longer exist. Upon receipt of such notice, each applicable Borrower shall, upon demand from such Lender (with a copy to the Administrative Agent), prepay or, if
applicable and such Loans are denominated in Dollars, convert all Eurocurrency Loans of such Lender to Alternate Base Rate Loans, either on the last day of the Interest Period therefor, if such Lender may lawfully continue to maintain such
Eurocurrency Loans to such day, or immediately, if such Lender may not lawfully continue to maintain such Eurocurrency Loans. Upon any such prepayment or conversion, the applicable Borrower shall also pay accrued interest on the amount so prepaid or
converted. 
 Section 3.04 Compensation for Losses. Upon demand of any Lender (with a copy to
the Administrative Agent) from time to time, WBA shall, or shall cause the Designated Borrower to, promptly compensate such Lender for and hold such Lender harmless from any loss, cost or expense incurred by it as a result of: 

(a) any continuation, conversion, payment or prepayment of any Loan other than an Alternate Base Rate Loan on a day other than the last day of
the Interest Period for such Loan or other than upon prior notice to the Administrative Agent (I) (a) in the event that HSBC Bank plc is the sole Lender under the Revolving Facility on the date of delivery of the applicable notice, at least two
(2) Business Days in advance in the case of any Loans denominated in Dollars and (b) in the event more than one Person is a Lender under the Revolving Facility on the date of delivery of the applicable notice, with the consent of the
Administrative Agent (such consent not to be unreasonably withheld or delayed) at least two (2) Business Days in advance in the case of any Loans denominated in Dollars, but in no event shall such notice period be longer than three
(3) Business Days and (II) at least four (4) Business Days in advance in the case of any Loans denominated in a Foreign Currency (in each case, whether voluntary, mandatory, automatic, by reason of acceleration, or otherwise, but
excluding any prepayment or conversion required pursuant to Section 3.03); 
 (b) any failure by the applicable Borrower (for a reason
other than the failure of such Lender to make a Loan) to prepay, borrow, continue or convert any Loan other than an Alternate Base Rate Loan on the date or in the amount or currency notified by such Borrower; or 

(c) any assignment of a Eurocurrency Loan on a day other than the last day of the Interest Period therefor as a result of a request by WBA
pursuant to Section 2.18; 
 including any foreign exchange losses and loss or expense arising from the liquidation or reemployment of funds obtained
by it to maintain such Loan or from fees payable to terminate the deposits from which such funds were obtained or from the performance of any foreign exchange contract. WBA shall also pay any customary administrative fees charged by such Lender in
connection with the foregoing. 

  
 40 

 For purposes of calculating amounts payable by WBA to the Lenders under this
Section 3.04, each Lender shall be deemed to have funded each Eurocurrency Loan made by it at the Eurocurrency Rate for such Loan by a matching deposit or other borrowing in the London interbank eurodollar market for such currency and for a
comparable amount and for a comparable period, whether or not such Eurocurrency Loan was in fact so funded. 

Section 3.05 Taxes. (a) Payments Free of Taxes; Obligation to Withhold; Payments
on Account of Taxes. (i) Any and all payments by or on account of any obligation of the applicable Borrower hereunder or under any other Loan Document shall to the extent permitted by applicable laws be made free and clear of and
without reduction or withholding for any Taxes. If, however, applicable laws require the applicable Borrower or the Administrative Agent (as determined in the good faith discretion of the Administrative Agent) to withhold or deduct any Tax, such Tax
shall be withheld or deducted in accordance with such laws as determined by such Borrower or the Administrative Agent, as the case may be, upon the basis of the information and documentation to be delivered pursuant to subsection (f) below.

 (ii) If the applicable Borrower or the Administrative Agent shall be required by applicable law to withhold or deduct any
Taxes from any payment, then (A) such Borrower or the Administrative Agent, as applicable, shall withhold or make such deductions as are determined by such Borrower or the Administrative Agent, as applicable, to be required based upon the
information and documentation it, or the applicable taxing authority, has received pursuant to subsection (f) below (for the avoidance of doubt, in the case of any such information and documentation received by an applicable taxing authority,
solely to the extent such Borrower or the Administrative Agent has been provided with a copy of such information and documentation or otherwise has actual knowledge of such information and documentation and, in each case, is entitled to rely
thereon), (B) such Borrower or the Administrative Agent, as applicable, shall timely pay the full amount withheld or deducted to the relevant Governmental Authority in accordance with applicable law, and (C) to the extent that the withholding
or deduction is made on account of Indemnified Taxes or Other Taxes, the sum payable by such Borrower shall be increased as necessary so that after any required withholding or the making of all required deductions (including deductions applicable to
additional sums payable under this Section) the Administrative Agent or any Lender receives an amount equal to the sum it would have received had no such withholding or deduction been made. 

(b) Designated Borrower. A payment by or on behalf of the Designated Borrower, or under the Parent Guarantee in respect of an
obligation of the Designated Borrower, shall not be increased under paragraph (a) above by reason of a UK Tax Deduction if, on the date on which the payment falls due: 

(i) the payment could have been made to the relevant Lender without a Tax Deduction if the Lender had been a UK Qualifying
Lender, but on that date that Lender is not or has ceased to be a UK Qualifying Lender other than as a result of any change after the date it became a Lender under this Agreement in (or in the interpretation, administration, or application of) any
law or UK Treaty or any published practice or published concession of any relevant taxing authority; or 

  
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 (ii) the relevant Lender is a UK Qualifying Lender solely by virtue of
paragraph (b) of the definition of “UK Qualifying Lender” and: 
 (A) an officer of HM Revenue &
Customs has given (and not revoked) a direction (a “Direction”) under section 931 of the UK ITA which relates to the payment and that Lender has received from the Designated Borrower a certified copy of that Direction; and 

(B) the payment could have been made to the Lender without any UK Tax Deduction if that Direction had not been made; or 

(iii) the relevant Lender is a UK Qualifying Lender solely by virtue of paragraph (b) of the definition of “UK
Qualifying Lender” and: 
 (A) the relevant Lender has not given a UK Tax Confirmation to the relevant payor; and 

(B) the payment could have been made to the Lender without any UK Tax Deduction if the Lender had given a UK Tax Confirmation
to the relevant payor, on the basis that the UK Tax Confirmation would have enabled such payor to have formed a reasonable belief that the payment was an “excepted payment” for the purpose of section 930 of the UK ITA; or 

(iv) the relevant Lender is a UK Treaty Lender and the party making the payment is able to demonstrate that the payment could
have been made to the Lender without the UK Tax Deduction had that Lender complied with its obligations under paragraphs 3.05(f)(iv)(A), (B) or (C) (as applicable) below. 

(c) Payment of Other Taxes. Without limiting the provisions of subsection (a) above, WBA shall timely pay, or shall cause the
Designated Borrower to pay, any Other Taxes to the relevant Governmental Authority in accordance with applicable laws. 
 (d)
Indemnification. (i) Without limiting the provisions of subsection (a) or (b) above, WBA shall, or shall cause the applicable Borrower to, indemnify the Administrative Agent and each Lender, and shall make payment in respect thereof
within thirty (30) days after written demand therefor, for the full amount of any Indemnified Taxes or Other Taxes (including Indemnified Taxes or Other Taxes imposed or asserted on or attributable to amounts payable under this Section)
withheld or deducted by the applicable Borrower or the Administrative Agent or paid by the Administrative Agent or such Lender, and any reasonable expenses arising therefrom or with respect thereto, whether or not such Indemnified Taxes or Other
Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. WBA shall also, or shall cause the Designated Borrower to, indemnify the Administrative Agent and shall 

  
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make payment in respect thereof within thirty (30) days after demand therefor, for any amount which a Lender for any reason fails to pay indefeasibly to the Administrative Agent as required
by clause (ii)(x)(1) of this subsection. A certificate as to the amount of any such payment or liability delivered to WBA by a Lender (with a copy to the Administrative Agent), or by the Administrative Agent on its own behalf or on behalf of a
Lender, shall be conclusive absent manifest error. The indemnities in this paragraph (d)(i) shall not apply to any Indemnified Taxes which would have been compensated for by an increased payment under paragraph (a) above but were not so
compensated because one or more of the exclusions in paragraph (b) above applied. 
 (ii) Without limiting the
provisions of subsection (a) or (b) above, each Lender shall, and does hereby, indemnify (x) the Borrowers and the Administrative Agent, and shall make payment in respect thereof within thirty (30) days after demand therefor, against
any and all Taxes and any and all related losses, claims, liabilities, penalties, interest and expenses (including the fees, charges and disbursements of any counsel for the Borrowers or the Administrative Agent) incurred by or asserted against any
Borrower or the Administrative Agent by any Governmental Authority as a result of (1) the failure by such Lender to deliver, or as a result of the inaccuracy, inadequacy or deficiency of, any documentation required to be delivered by such
Lender to the Borrowers or the Administrative Agent pursuant to subsection (f) or (2) the failure of such Lender to comply with the provisions of Section 12.01(d) relating to the maintenance of a Participant Register and (y) the
Administrative Agent against any Indemnified Taxes or Other Taxes attributable to such Lender (but only to the extent the Borrowers have not already indemnified the Administrative Agent for such Indemnified Taxes or Other Taxes and without limiting
the obligation of WBA to do so or cause the Designated Borrower to do so) or Excluded Taxes attributable to such Lender, and any reasonable expenses arising therefrom or with respect thereto, whether or not such Taxes were correctly or legally
imposed or asserted by the relevant Governmental Authority. Each Lender hereby authorizes the Administrative Agent to set off and apply any and all amounts at any time owing to such Lender under this Agreement or any other Loan Document against any
amount due to the Administrative Agent under this clause (ii). The agreements in this clause (ii) shall survive the resignation and/or replacement of the Administrative Agent, any assignment of rights by, or the replacement of, a Lender, the
termination of this Agreement or the Aggregate Commitment and the repayment, satisfaction or discharge of all other Obligations. 
 (e)
Evidence of Payments. Upon request by WBA or the Administrative Agent, as the case may be, after any payment of Taxes by WBA, the Designated Borrower or the Administrative Agent to a Governmental Authority as provided in this
Section 3.05, WBA or the Designated Borrower, as applicable, shall deliver to the Administrative Agent or the Administrative Agent shall deliver to WBA and the Designated Borrower, as the case may be, the original or a certified copy of a
receipt issued by such Governmental Authority evidencing such payment, a copy of any return required by law to report such payment or other evidence of such payment reasonably satisfactory to WBA, the Designated Borrower or the Administrative Agent,
as the case may be. 

  
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 (f) Status of Lenders; Tax Documentation. (i) Each Lender shall (other than with
respect to a UK Tax Deduction to which the provisions of Section 3.05(f)(iv) below shall apply) deliver to the Borrowers and the Administrative Agent, at the time or times prescribed by applicable laws or when reasonably requested by any
Borrower or the Administrative Agent, such properly completed and executed documentation prescribed by applicable laws or by the taxing authorities of any jurisdiction and such other reasonably requested information (A) to secure any applicable
exemption from, or reduction in the rate of, deduction or withholding imposed by any jurisdiction in respect of any payments to be made by any Borrower to such Lender, and (B) as will permit any Borrower or the Administrative Agent, as the case
may be, to determine (1) whether or not payments made hereunder, the Fee Letter or under any other Loan Document are subject to Taxes, (2) if applicable, the required rate of withholding or deduction, and (3) such Lender’s
entitlement to any available exemption from, or reduction of, applicable Taxes in respect of all payments to be made to such Lender by any Borrower pursuant to this Agreement or otherwise to establish such Lender’s status for withholding tax
purposes in the applicable jurisdiction. 
 (ii) Without limiting the generality of the foregoing, if the applicable Borrower
(or, if the applicable Borrower is disregarded as an entity separate from its owner for U.S. federal income tax purposes, the Person treated as its owner for U.S. federal income tax purposes) is a “United States person” within the meaning
of Section 7701(a)(30) of the Code, 
 (A) any Lender (or, if such Lender is disregarded as an entity separate from its
owner for U.S. federal income tax purposes, the Person treated as its owner for U.S. federal income tax purposes) that is a “United States person” within the meaning of Section 7701(a)(30) of the Code shall deliver to each Borrower
and the Administrative Agent on or prior to the date on which such Lender becomes a Lender under this Agreement (and from time to time thereafter upon the request of any Borrower or the Administrative Agent) executed originals of Internal Revenue
Service Form W-9 or such other documentation or information prescribed by applicable laws or reasonably requested by any Borrower or the Administrative Agent as will enable any Borrower or the Administrative
Agent, as the case may be, to determine whether or not such Lender is subject to backup withholding or information reporting requirements; 

(B) each Foreign Lender (or, if such Foreign Lender is disregarded as an entity separate from its owner for U.S. federal income
tax purposes, the Person treated as its owner for U.S. federal income tax purposes) that is entitled under the Code or any applicable treaty to an exemption from or reduction of withholding tax with respect to payments hereunder or under any other
Loan Document shall deliver to each Borrower and the Administrative Agent (in such number of copies as shall be requested by the recipient) on or prior to the date on which such Foreign Lender becomes a Lender under this Agreement (and from time to
time thereafter upon the request of any Borrower or the Administrative Agent, but only if such Foreign Lender (or, if such Foreign Lender is disregarded as an entity 

  
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separate from its owner for U.S. federal income tax purposes, the Person treated as its owner for U.S. federal income tax purposes) is legally entitled to do so), whichever of the following is
applicable: 
 (1) executed originals of Internal Revenue Service Form W-8BEN or W-BEN-E, as applicable, claiming eligibility for benefits of an income tax treaty to which the United States is a party, 

(2) executed originals of Internal Revenue Service Form W-8ECI, 

(3) executed originals of Internal Revenue Service Form W-8IMY and all required
supporting documentation, 
 (4) in the case of a Foreign Lender (or, if such Foreign Lender is disregarded as an entity
separate from its owner for U.S. federal income tax purposes, the Person treated as its owner for U.S. federal income tax purposes) claiming the benefits of the exemption for portfolio interest under section 881(c) of the Code, (x) a
certificate to the effect that such Foreign Lender (or such other Person) is not (A) a “bank” within the meaning of section 881(c)(3)(A) of the Code, (B) a “10 percent shareholder” of the applicable Borrower within
the meaning of section 881(c)(3)(B) of the Code, or (C) a “controlled foreign corporation” described in section 881(c)(3)(C) of the Code and (y) executed originals of Internal Revenue Service Form
W-8BEN or W-8BEN-E, as applicable, or 

(5) executed originals of any other form prescribed by applicable laws as a basis for claiming exemption from or a reduction
in U.S. federal withholding tax together with such supplementary documentation as may be prescribed by applicable laws to permit any Borrower or the Administrative Agent to determine the withholding or deduction required to be made. 

(C) each Lender shall deliver to the Administrative Agent and each Borrower such documentation reasonably requested by the
Administrative Agent or the Borrowers sufficient for the Administrative Agent and the Borrowers to comply with their obligations under FATCA and to determine whether payments to such Lender are subject to withholding tax under FATCA. Solely for
purposes of this sub-clause (C), “FATCA” shall include any amendments made to FATCA after the date of this Agreement. 

  
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 (iii) Each Lender shall promptly (A) notify each Borrower and the
Administrative Agent of any change in circumstances which would modify or render invalid any claimed exemption or reduction and (B) take such steps as shall not be materially disadvantageous to it, in the reasonable judgment of such Lender and
as may be reasonably necessary (including the re-designation of its Lending Installation), to avoid any requirement of applicable laws of any jurisdiction that any Borrower or the Administrative Agent make any
withholding or deduction for taxes from amounts payable to such Lender. 
 (iv) Without limiting the effect of Sections
3.05(f)(i), (ii) and (iii) above: 
 (A) Subject to paragraph (B) below, a UK Treaty Lender and
each Borrower which makes a payment to which that UK Treaty Lender is entitled shall co-operate in completing any procedural formalities necessary for that Borrower to obtain authorization to make that payment
without a UK Tax Deduction. 
 (B) (1) A UK Treaty Lender which is a Lender on the Effective Date and that holds a passport
under the HMRC DT Treaty Passport scheme, and which wishes that scheme to apply to this Agreement, shall confirm its scheme reference number and its jurisdiction of tax residence opposite its name in Schedule 3.05; and 

(2) a UK Treaty Lender which is not a Lender on the Effective Date and that holds a passport under the HMRC DT Treaty Passport scheme, and
which wishes that scheme to apply to this Agreement, shall confirm its scheme reference number and its jurisdiction of tax residence in the relevant Assignment and Assumption (or, if such Lender becomes Lender otherwise than pursuant to an
Assignment and Assumption, in the relevant documentation which it executes on becoming a Lender under this Agreement), 
 and, having done
so, that Lender shall be under no obligation pursuant to paragraph (A) above. 
 (C) If a UK Treaty Lender has confirmed
its scheme reference number and its jurisdiction of tax residence in accordance with paragraph (B) above and: (a) the Designated Borrower making a payment to that Lender has not made a UK Borrower DTTP Filing in respect of that
Lender; or (b) the Designated Borrower making a payment to that Lender has made a UK Borrower DTTP Filing but (1) that UK Borrower DTTP Filing has been rejected by HM Revenue & Customs; or (2) HM Revenue & Customs
have not given the Designated Borrower authority to make payments to that Lender without a UK Tax Deduction within 60 days of the date of the UK Borrower DTTP Filing, and in each case, the Designated Borrower has notified that Lender in writing,
that Lender and the Designated Borrower shall co-operate in completing any procedural formalities necessary for the Designated Borrower to obtain authorization to make that payment without a UK Tax Deduction.

  
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 (D) If a UK Treaty Lender has not confirmed its scheme reference number and
jurisdiction of tax residence in accordance with paragraph (B) above, the Designated Borrower shall not make a UK Borrower DTTP Filing or file any other form relating to the HM Revenue & Customs DT Treaty Passport scheme in
respect of that Lender’s Loan(s) unless that Lender otherwise agrees. 
 (E) The Designated Borrower shall, promptly on
making a UK Borrower DTTP Filing, deliver a copy of that UK Borrower DTTP Filing to the Administrative Agent for delivery to the relevant UK Treaty Lender. 

(F) A UK Non-Bank Lender which becomes a party to this Agreement on the day on which
this agreement is entered into gives a UK Tax Confirmation by entering into this Agreement. A UK Non-Bank Lender shall promptly notify the Borrowers and the Administrative Agent if there is any change in the
position from that set out in the UK Tax Confirmation. 
 (G) Each Lender in respect of the Designated Borrower which becomes
a party to this Agreement after the Effective Date shall indicate in the Assignment and Assumption (or, if such Lender becomes Lender otherwise than pursuant to an Assignment and Assumption, in the relevant documentation which it executes on
becoming a Lender under this Agreement) which of the following categories it falls in: (A) not a UK Qualifying Lender; (B) a UK Qualifying Lender (other than a UK Treaty Lender); or (C) a UK Treaty Lender. If a Lender fails to
indicate its status in accordance with this paragraph (G) then such Lender shall be treated for the purposes of this Agreement (including by each Borrower) as if it is not a UK Qualifying Lender until such time as it notifies the
Administrative Agent which category applies (and the Administrative Agent, upon receipt of such notification, shall inform each Borrowers). For the avoidance of doubt, any such Assignment and Assumption or other relevant documentation shall not be
invalidated by any such failure of a Lender to comply with this paragraph (G). 
 (H) The Designated Borrower shall promptly
on becoming aware that it must make a UK Tax Deduction (or that there is any change in the rate or basis of a UK Tax Deduction) notify the Administrative Agent accordingly. Similarly, a Lender shall notify the Administrative Agent on becoming so
aware in respect of a payment payable to that Lender. If the Administrative Agent receives such notification from a Lender it shall promptly notify the Designated Borrower. 

(I) If in respect of a Loan extended to the Designated Borrower (A) a Lender assigns or transfers any of its rights or
obligations with respect to such Loan or changes its lending office in respect of such Loan, and (B) as a result of circumstances existing at the date the assignment, transfer or change occurs, the Designated Borrower would be obliged to make a
payment (or increased payment) to the successor or assign or Lender acting through its new lending 

  
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office under this Section 3.05 in respect of a UK Tax Deduction, then such successor or assign or Lender acting through its new lending office is only entitled to receive payment under this
Section 3.05 to the same extent as the assigning or transferring Lender or Lender acting through its previous lending office would have been if the assignment, transfer or change had not occurred. 

(g) VAT.  

(i) All amounts expressed to be payable under any Loan Document by any Party to a Lender which (in whole or in part) constitute
the consideration for any supply for VAT purposes are deemed to be exclusive of any VAT which is chargeable on that supply, and accordingly, subject to subparagraph (ii) below, if VAT is or becomes chargeable on any supply made by any
Lender to any Party under a Loan Document and such Lender is required to account to the relevant tax authority for the VAT, that Party must pay to such Lender (in addition to and at the same time as paying any other consideration for such supply) an
amount equal to the amount of the VAT (and such Lender must promptly provide an appropriate VAT invoice to that Party). 

(ii) If VAT is or becomes chargeable on any supply made by any Lender (the “Supplier”) to any other Lender
(the “VAT Recipient”) under a Loan Document, and any Party other than the VAT Recipient (the “Relevant Party”) is required by the terms of any Loan Document to pay an amount equal to the consideration for that
supply to the Supplier (rather than being required to reimburse or indemnify the VAT Recipient in respect of that consideration): 

(A) (where the Supplier is the person required to account to the relevant tax authority for the VAT) the Relevant Party must
also pay to the Supplier (at the same time as paying that amount) an additional amount equal to the amount of the VAT. The VAT Recipient must (where this paragraph (A) applies) promptly pay to the Relevant Party an amount equal to any credit or
repayment the VAT Recipient receives from the relevant tax authority which the VAT Recipient reasonably determines relates to the VAT chargeable on that supply; and 

(B) (where the VAT Recipient is the person required to account to the relevant tax authority for the VAT) the Relevant Party
must promptly, following demand from the VAT Recipient, pay to the VAT Recipient an amount equal to the VAT chargeable on that supply but only to the extent that the VAT Recipient reasonably determines that it is not entitled to credit or repayment
from the relevant tax authority in respect of that VAT. 
 (C) Where a Loan Document requires any Party to reimburse or
indemnify a Finance Party for any cost or expense, that Party shall reimburse or indemnify (as the case may be) such Finance Party for the full amount of such cost or expense, including such part thereof as represents VAT, save to the extent that
such Finance Party reasonably determines that it is entitled to credit or repayment in respect of such VAT from the relevant tax authority. 

  
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 (D) In relation to any supply made by a Finance Party to any Party under a
Loan Document, if reasonably requested by such Finance Party, that Party must promptly provide such Finance Party with details of that Party’s VAT registration and such other information as is reasonably requested in connection with such
Finance Party’s VAT reporting requirements in relation to such supply. 
 (E) Any reference in this
Section 3.05(g)) to any party shall, at any time when such party is treated as a member of a group for VAT purposes, include (where appropriate and unless the context otherwise requires) a reference to the person who is
treated as making the supply or (as appropriate) receiving the supply under the grouping rules (as provided for in Article 11 of the Council Directive 2006/112/EC (or as implemented by the relevant member state of the European Union or any other
similar provision in any jurisdiction which is not a member state of the European Union)). 
 (h) Treatment of Certain Refunds.
Unless required by applicable laws, at no time shall the Administrative Agent have any obligation to file for or otherwise pursue on behalf of a Lender, or have any obligation to pay to any Lender, any refund of Taxes withheld or deducted from funds
paid for the account of such Lender. If the Administrative Agent or any Lender determines, in its sole discretion, exercised in good faith that it has received a refund of any Taxes or Other Taxes as to which it has been indemnified by any Borrower
or with respect to which any Borrower has paid additional amounts pursuant to this Section, it shall pay to such Borrower an amount equal to such refund (but only to the extent of indemnity payments made, or additional amounts paid, by such Borrower
under this Section with respect to the Taxes or Other Taxes giving rise to such refund), net of all out-of-pocket expenses incurred by the Administrative Agent or such
Lender and without interest (other than any interest paid by the relevant Governmental Authority with respect to such refund), provided that each Borrower, upon the request of the Administrative Agent or such Lender, as the case may be,
agrees to repay the amount paid over to such Borrower (plus any penalties, interest (to the extent accrued from the date such refund is paid over to such Borrower) or other charges imposed by the relevant Governmental Authority), to the
Administrative Agent or such Lender in the event the Administrative Agent or such Lender is required to repay such refund to such Governmental Authority. This subsection shall not be construed to require the Administrative Agent or any Lender to
make available its Tax returns (or any other information relating to its Taxes that it deems confidential) to any Borrower or any other Person. 

Section 3.06 Mitigation Obligations. If any Lender requests compensation under Section 3.01 or
Section 3.02, or any Borrower is required to pay any additional amount to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 3.05, or if any Lender gives a notice pursuant to Section 3.03, then
such Lender shall use reasonable efforts to designate a different Lending Installation for funding or booking its Loans hereunder or to assign its rights and obligations hereunder to another of its offices, branches or affiliates, if, in

  
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the judgment of such Lender, such designation or assignment (i) would eliminate or reduce amounts payable pursuant to Section 3.01, 3.02 or 3.05, as the case may be, in the future, or
eliminate the need for the notice pursuant to Section 3.03, as applicable, and (ii) in each case, would not subject such Lender to any unreimbursed cost or expense and would not otherwise be materially disadvantageous to such Lender. WBA
hereby agrees to pay all reasonable costs and expenses incurred by any Lender in connection with any such designation or assignment. 

Section 3.07 Inability to Determine Rates. (a) If the Required Lenders determine that for any
reason in connection with any request for a Eurocurrency Loan or a conversion to or continuation thereof that (i) deposits (whether in Dollars or a Foreign Currency) are not being offered to banks in the London interbank eurodollar market for
the applicable amount and Interest Period of such Eurocurrency Loan, (ii) adequate and reasonable means do not exist for determining the Eurocurrency Base Rate for any requested Interest Period with respect to a proposed Eurocurrency Loan
(whether denominated in Dollars or a Foreign Currency), or (iii) the Eurocurrency Base Rate for any requested Interest Period with respect to a proposed Eurocurrency Loan does not adequately and fairly reflect the cost to such Lenders of
funding such Loan, the Administrative Agent will promptly so notify WBA and each Lender. Thereafter, the obligation of the Lenders to make or maintain Eurocurrency Loans in the affected currency shall be suspended until the Administrative Agent
(upon the instruction of the Required Lenders) revokes such notice. Upon receipt of such notice, any Borrower may revoke any pending request for the making of, conversion to, or continuation of, Eurocurrency Loans of the affected currency or,
failing that, will be deemed to have converted such request into a request for Alternate Base Rate Loans in the amount specified therein. 

(b) Notwithstanding anything to the contrary in this Agreement or any other Loan Documents, if the Administrative Agent determines (which
determination shall be made by notice to the Borrowers and shall be conclusive absent manifest error), or WBA or Required Lenders notify the Administrative Agent (with, in the case of the Required Lenders, a copy to Borrower) that the Borrowers or
Required Lenders (as applicable) have determined, that: 
 (i) (A) deposits (whether in Dollars or any Foreign Currency) are
not being offered to banks in the London interbank eurodollar market for the applicable amount and Interest Period of any applicable Eurocurrency Loan for the applicable currency or (B) adequate and reasonable means do not exist for
ascertaining LIBOR for the applicable currency for any requested Interest Period, including, without limitation, because the Eurocurrency Base Rate is not available or published on a current basis, and in each case such circumstances are unlikely to
be temporary, or 
 (ii) the administrator of the Eurocurrency Base Rate for the applicable currency or a Governmental
Authority having jurisdiction over the Administrative Agent has made a public statement identifying a specific date after which LIBOR for the applicable currency or the Eurocurrency Base Rate for the applicable currency shall no longer be made
available, or used for determining the interest rate of loans (such specific date, the “Scheduled Unavailability Date”), or 

  
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 (iii) syndicated loans in the U.S. market denominated in the applicable
currency being executed at the time, or that include language similar to that contained in this Section 3.07, are being generally executed or amended, as applicable, to incorporate or adopt, as applicable, a new benchmark interest rate to
replace LIBOR for the applicable currency, 
 then, reasonably promptly after such determination by the Administrative Agent or receipt by
the Administrative Agent of such notice, as applicable, the Administrative Agent and WBA may amend this Agreement (a “LIBOR Successor Amendment”) to replace the Eurocurrency Base Rate with respect to the applicable currency with an
alternate benchmark rate, giving due consideration to any evolving or then existing convention for similar syndicated credit facilities in the U.S. market denominated in the applicable currency for such alternative benchmarks (any such proposed
rate, a “Replacement Rate”) and any such amendment shall become effective at 5:00 p.m. (New York time) on the fifth Business Day after the Administrative Agent shall have posted such proposed amendment to all Lenders and WBA unless,
prior to such time, Lenders comprising the Required Lenders have delivered to the Administrative Agent written notice that such Required Lenders do not accept such amendment. 

If no Replacement Rate has been determined and the circumstances under clause (i) above exist or the Scheduled Unavailability Date has
occurred (as applicable), the Administrative Agent will promptly so notify WBA and each Lender. Thereafter, (x) the obligation of the Lenders to make or maintain Eurocurrency Loans shall be suspended (to the extent of the affected Eurocurrency
Loans or Interest Periods), and (y) the Eurocurrency Base Rate component shall no longer be utilized in determining the Alternate Base Rate. Upon receipt of such notice, WBA may revoke any pending request for a Borrowing of, conversion to or
continuation of Eurocurrency Loans (to the extent of the affected Eurocurrency Loans or Interest Periods) or, failing that, will be deemed to have converted such request into a request for a Borrowing of Alternate Base Rate Loans (subject to the
foregoing clause (y)) in the amount specified therein. 
 Section 3.08 Survival. All of each
Borrower’s obligations under this Article III shall survive termination of this Agreement or the Aggregate Commitment, repayment of all other Obligations hereunder and resignation of the Administrative Agent. 

ARTICLE IV 
 CONDITIONS
PRECEDENT 
 Section 4.01 Initial Effectiveness. The Lenders’ Commitments shall become
effective hereunder on and as of the first date (the “Effective Date”) on which the Borrowers have furnished to the Administrative Agent (or, in the case of Section 4.01(h), WBA shall have paid) the following: 

(a) Copies of the articles of incorporation of WBA, together with all amendments thereto, and a certificate of good standing for WBA, each
certified by the appropriate governmental officer in its jurisdiction of incorporation; 

  
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 (b) Copies, certified by a director, of the certificate of incorporation and articles of
association of the Designated Borrower and of its Board of Directors’ resolutions authorizing the execution of the Loan Documents to which it is a party and a certification that there have been no changes to its articles of association provided
pursuant to this Section 4.01(b); 
 (c) Copies, certified by the Secretary, Assistant Corporate Secretary or General Counsel of WBA,
of WBA’s by-laws and of its Board of Directors’ resolutions and of resolutions or actions of any other body authorizing the execution of the Loan Documents to which it is a party and a certification
that there have been no changes to its articles of incorporation provided pursuant to Section 4.01(a); 
 (d) An incumbency
certificate, executed by (i) in the case of WBA, the Secretary, Assistant Corporate Secretary or General Counsel of WBA and (ii) in the case of the Designated Borrower, a director or such other individuals as authorized by the directors
under the resolutions passed by the Board of Directors of the Designated Borrower, in each case, which shall identify by name and title and bear the signatures of the Authorized Officers of the applicable Borrower and any other officers or employees
of the applicable Borrower authorized to sign the Loan Documents to which the applicable Borrower is a party and to request Loans hereunder, upon which certificate the Administrative Agent and the Lenders shall be entitled to rely until informed of
any change in writing by the applicable Borrower; 
 (e) An officer’s certificate, substantially in the form of Exhibit F, dated
as of the Effective Date, signed by an Authorized Officer of WBA, certifying that (x) on the Effective Date, no Default or Unmatured Default has occurred and is continuing and (y) the representations and warranties contained in
Article V are true and correct in all material respects (except to the extent such representations and warranties are qualified by “materiality” or “Material Adverse Effect” or similar terms, in which case such
representations and warranties shall be true and correct in all respects) as of the Effective Date, except to the extent any such representation or warranty is stated to relate solely to an earlier date, in which case such representation or warranty
shall have been true and correct in all material respects (except to the extent such representations and warranties are qualified with “materiality” or “Material Adverse Effect” or similar terms, in which case such
representations and warranties shall be true and correct in all respects) on and as of such earlier date; 
 (f) A written opinion
(addressed to the Administrative Agent and the Lenders and dated the Effective Date) of Davis Polk & Wardwell LLP as to matters of New York law and certain aspects of Delaware law in form and substance reasonably acceptable to the
Administrative Agent; 
 (g) A written opinion (addressed to the Administrative Agent and the Lenders and dated the Effective Date) of Davis
Polk & Wardwell LLP as to matters of English law in form and substance reasonably acceptable to the Administrative Agent; 
 (h)
All documented fees, costs and expenses due and payable to the Arranger or the Administrative Agent, for itself and on behalf of the Lenders (including pursuant to the Fee Letter), or its counsel on the Effective Date and (in the case of expenses)
for which WBA has received an invoice at least three (3) Business Days prior to the Effective Date; 

  
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 (i) At least three (3) Business Days prior to the Effective Date, the Borrowers shall
have provided the documentation and other information to the Administrative Agent that is required by bank regulatory authorities under applicable “know your customer” and anti-money laundering rules and regulations, including, without
limitation, the U.S. Patriot Act, to the extent such information was reasonably requested by the Arranger or the Administrative Agent (including on behalf of any Lender) in writing at least ten (10) days prior to the Effective Date; and 

(j) From each party hereto either (i) a counterpart of this Agreement signed on behalf of such party or (ii) customary written
evidence reasonably satisfactory to the Administrative Agent (which may include telecopy or electronic transmission of a signed signature page of this Agreement) that such party has signed a counterpart of this Agreement. 

Without limiting the generality of the provisions of Section 8.02, for purposes of determining compliance with the conditions specified
in this Section 4.01, each Lender that has signed this Agreement shall be deemed to have consented to, approved or accepted or to be satisfied with, each document or other matter required thereunder to be consented to or approved by or
acceptable or satisfactory to a Lender unless the Administrative Agent shall have received notice from such Lender prior to the proposed Effective Date specifying its objection thereto. 

Section 4.02 Each Borrowing Date. Each Lender’s obligations to make any Loan hereunder shall
become effective upon the satisfaction or waiver (in accordance with Section 8.02) of the following conditions on or after the Effective Date: 

(a) The Effective Date shall have occurred; 

(b) No Default or Unmatured Default has occurred and is continuing, or would result from such Borrowing; 

(c) Each of the representations and warranties contained in Article V (other than the representations and warranties contained in Sections
5.05 and 5.06 in the case of any Borrowings made after the Effective Date) are, in each case, true and correct in all material respects (except to the extent such representations and warranties are qualified by “materiality” or
“Material Adverse Effect” or similar terms, in which case such representations and warranties shall be true and correct in all respects) as of such Borrowing Date, except to the extent any such representation or warranty is stated to
relate solely to an earlier date, in which case such representation or warranty shall have been true and correct in all material respects (except to the extent such representations and warranties are qualified by “materiality” or
“Material Adverse Effect” or similar terms, in which case such representations and warranties shall be true and correct in all respects) on and as of such earlier date; 

  
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 (d) The Administrative Agent shall have received a Borrowing Notice in accordance with
Section 2.08. 
 Each Borrowing Notice shall constitute a representation and warranty by the applicable Borrower as to the matters
specified in paragraphs (b) and (c) of this Section. 
 ARTICLE V 

REPRESENTATIONS AND WARRANTIES 

WBA represents and warrants as follows to each Lender and the Administrative Agent as of the Effective Date and thereafter on each date as
required by Section 4.02 (it being agreed that the representations and warranties contained in Sections 5.05 and 5.06 shall be made only as of the Effective Date): 

Section 5.01 Existence and Standing. Each Borrower (a) is a corporation, partnership, limited
liability company or other entity duly and properly incorporated or organized, as the case may be, validly existing and (to the extent such concept applies to such entity) in good standing under the laws of its jurisdiction of incorporation or
organization and (b) has all requisite authority to conduct its business in each jurisdiction in which its business is conducted, except to the extent that the failure to have such authority would not reasonably be expected to have a Material
Adverse Effect. 
 Section 5.02 Authorization and Validity. Each Borrower has the power and
authority and legal right to execute and deliver the Loan Documents and to perform its obligations thereunder. The execution and delivery by each Borrower of the Loan Documents and the performance of its obligations thereunder have been duly
authorized by proper proceedings, and the Loan Documents constitute legal, valid and binding obligations of each Borrower enforceable against such Borrower in accordance with their terms, except as may be limited by bankruptcy, insolvency or similar
laws relating to or affecting creditors’ rights generally and by general principles of equity, regardless of whether considered in a proceeding in equity or at law. 

Section 5.03 No Conflict; Government Consent. (a) Neither the execution and delivery by each
Borrower of the Loan Documents, nor the consummation of the transactions therein contemplated, nor compliance with the provisions thereof will violate (i) any law, rule, regulation, order, writ, judgment, injunction, decree or award binding on
such Borrower, (ii) such Borrower’s bylaws, articles or certificate of incorporation, partnership agreement, certificate of partnership, operating agreement or other management agreement, articles or certificate of organization or other
similar formation, organizational or governing documents, instruments and agreements, as the case may be, or (iii) the provisions of any indenture, instrument or agreement to which such Borrower is a party or is subject, or by which it, or its
Property, is bound, except in the case of clauses (i) and (iii) where such violation would not reasonably be expected to have a Material Adverse Effect. 

  
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 (b) No order, consent, adjudication, approval, license, authorization, or validation of, or
filing, recording or registration with, or exemption by, or other action in respect of any governmental or public body or authority, or any subdivision thereof, which has not been obtained by any Borrower, is required to be obtained by such Borrower
in connection with the execution and delivery of the Loan Documents, the borrowings under the Loan Documents, the payment and performance by such Borrower of its Obligations or the legality, validity, binding effect or enforceability of the Loan
Documents. 
 Section 5.04 Financial Statements. (i) The August 31, 2019 audited
consolidated financial statements of WBA and its Subsidiaries heretofore delivered to the Arrangers and the Lenders, copies of which are included in WBA’s Annual Report on Form 10-K as filed with the SEC
and, if applicable, the audited consolidated financial statements of WBA and its Subsidiaries as of the last day of the fiscal year for which WBA has most recently filed an annual report on Form 10-K, and
(ii) the unaudited consolidated financial statements of WBA and its Subsidiaries for each of November 30, 2019 and February 29, 2020, copies of which are included in WBA’s quarterly report on Form
10-Q as filed with the SEC, and, if applicable, the unaudited consolidated financial statements of WBA and its Subsidiaries as of the last day of the most recent fiscal quarter for which WBA has most recently
filed a quarterly report on Form 10-Q, (a) were prepared in accordance with GAAP, (b) fairly present in all material respects the consolidated financial condition and operations of WBA and its
Subsidiaries at such date and the consolidated results of their operations and cash flows for the period then ended and (c) show all material indebtedness and other liabilities, direct or contingent, of WBA and its Subsidiaries as of the date
thereof that are required under Agreement Accounting Principles to be reflected thereon. 
 Section 5.05
Material Adverse Effect. Except as disclosed in the Borrower SEC Reports (excluding any disclosures set forth in any risk factor section and in any section relating to forward-looking or safe harbor statements), since August 31,
2019, there has been no material adverse effect on the financial condition, results of operations, business or Property of WBA and its Subsidiaries taken as a whole. 

Section 5.06 Litigation. As of the Effective Date, there is no litigation, arbitration, governmental
investigation, proceeding or inquiry pending or, to the knowledge of any of their officers, threatened against or affecting WBA or any of its Subsidiaries which has not been disclosed in the Borrower SEC Reports (a) that would reasonably be
expected to have a Material Adverse Effect or (b) which seeks to prevent, enjoin or delay the making of any Loan or otherwise calls into question the validity of any Loan Document and as to which there is a reasonable possibility of an adverse
decision. 
 Section 5.07 Regulation U. No Borrower is engaged principally, or as one of its
important activities, in the business of extending credit for the purpose, whether immediate, incidental or ultimate of buying or carrying margin stock (within the meaning of Regulation U or Regulation X); and after applying the proceeds of the
Loans, margin stock (as defined in Regulation U) constitutes not more than twenty-five percent (25%) of the value of those assets of any Borrower which are subject to any limitation on sale or pledge, or any other restriction hereunder. 

  
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 Section 5.08 Investment Company Act. No Borrower is
an “investment company”, a company “controlled by” an “investment company” or a company required to register as an “investment company,” each as defined in the Investment Company Act of 1940, as amended. 

Section 5.09 OFAC, FCPA. None of WBA, any of its Subsidiaries, or, to the knowledge WBA, any directors
or officers of WBA or any of its Subsidiaries, is the subject of Sanctions. None of WBA or its Subsidiaries is located, organized or resident in a country or territory that is the subject of Sanctions. No part of the proceeds of the Loans shall be
used by any Borrower in violation of the United States Foreign Corrupt Practices Act of 1977, as amended or Sanctions. 

Section 5.10 Disclosure. All information (other than financial projections and other forward-looking
information and information of a general economic or industry nature) (as used in this Section 5.10, the “Information”) provided by or on behalf of WBA or its representatives to the Administrative Agent or the Lenders in
written form in connection with the transactions contemplated hereby does not, when taken as a whole, and will not, when furnished and when taken as a whole, contain any untrue statement of a material fact or omit to state a material fact necessary
to make the statements contained therein, when taken as a whole, not materially misleading when taken as a whole and in light of the circumstances under which such statements were made (giving effect to any supplements then or theretofore
furnished). 
 ARTICLE VI 

COVENANTS 
 From the Effective
Date, so long as any Lender shall have any Commitment hereunder, or any Loan or other Obligation hereunder (other than any contingent indemnification obligations for which no claim has been made) shall remain unpaid or unsatisfied: 

Section 6.01 Financial Reporting. WBA will maintain, for itself and each Subsidiary, a system of
accounting established and administered in accordance with GAAP, and furnish to the Administrative Agent for the Administrative Agent’s distribution to the Lenders: 

(a) As soon as available, but in any event on or prior to the earlier of (i) the 90th day after the close of each of its fiscal years and
(ii) the day that is five (5) Business Days after the date WBA’s annual report on Form 10-K is required to be filed with the SEC after giving effect to any extensions permitted by the SEC
(commencing with the first fiscal year of WBA ending after the Effective Date), a consolidated balance sheet as of the end of such period, related statements of earnings, statements of equity and cash flows prepared in accordance with GAAP on a
consolidated basis for itself and its Subsidiaries together with an audit report certified by independent certified public accountants of recognized standing whose opinion shall not be qualified as to the scope of the audit or as to the status of
WBA and its consolidated Subsidiaries as a going concern, accompanied by any management letter prepared by said accountants. 

  
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 (b) As soon as available, but in any event on or prior to the earlier of (i) the 45th
day after the close of the first three quarterly periods of each of its fiscal years and (ii) the day that is five (5) Business Days after the date WBA’s quarterly report on Form 10-Q is
required to be filed with the SEC after giving effect to any extensions permitted by the SEC (commencing with the first fiscal quarter of WBA ending after the Effective Date), for itself and its Subsidiaries, a consolidated unaudited balance sheet
as at the close of each such period and consolidated unaudited statements of earnings, statements of equity and cash flows for the period from the beginning of such fiscal year to the end of such quarter, all certified by its chief financial
officer, chief accounting officer or treasurer. 
 (c) Together with the financial statements required under Sections 6.01(a) and (b), a
compliance certificate in substantially the form of Exhibit A signed by its chief financial officer, chief accounting officer or treasurer showing the calculations necessary to determine compliance with the financial covenant set forth in
Section 6.10 and stating that no Default or Unmatured Default exists, or if any Default or Unmatured Default exists, stating the nature and status thereof, it being understood and agreed that in the event WBA delivers a notice to the
Administrative Agent pursuant to the proviso to the definition of “Agreement Accounting Principles” WBA shall deliver an additional calculation of compliance with the financial covenant set forth in Section 6.10 demonstrating that
notwithstanding GAAP in effect at such time, WBA has complied with Section 6.10 under GAAP as in effect and applied immediately before such change in GAAP (in the case of such a notice under “Agreement Accounting Principles);
provided that in no event shall WBA be required to furnish the Administrative Agent with more than one version of financial statements pursuant to Section 6.01(a) or Section 6.01(b) prepared in accordance with different versions of
GAAP as a result of any such notice. 
 (d) Such other information with respect to the business, condition or operations, financial or
otherwise, and Properties of WBA and its Subsidiaries as the Administrative Agent, including at the request of any Lender, may from time to time reasonably request. 

Documents required to be delivered pursuant to Section 6.01(a) or (b) may be delivered electronically and if so delivered, shall be
deemed to have been delivered on the date (i) on which WBA posts such documents, or provides a link thereto on WBA’s website on the Internet at http://investor.walgreensbootsalliance.com or such other website with respect to which WBA may
from time to time notify the Administrative Agent and to which the Lenders have access; or (ii) on which such documents are posted on WBA’s behalf by the Administrative Agent on SyndTrak or another relevant website, if any, to which each
Lender and the Administrative Agent have access (whether a commercial, third-party website or whether sponsored by the Administrative Agent) or filed electronically through EDGAR and available on the Internet at www.sec.gov; provided that WBA
shall notify (which may be by facsimile or electronic mail) the Administrative Agent of the posting or filing of any such documents and provide to the Administrative Agent by electronic mail electronic versions (i.e., soft copies) of such documents.
The Administrative Agent shall have no obligation to request the delivery or to maintain copies of the documents referred to above, and in any event shall have no responsibility to monitor compliance by WBA with any such request for delivery. 

  
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 WBA hereby acknowledges that (a) the Administrative Agent and/or the Arranger may make
available to the Lenders materials and/or information provided by or on behalf of WBA hereunder (collectively, “Borrower Materials”) by posting the Borrower Materials on 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 WBA or
its 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. WBA hereby agrees 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,” WBA shall be deemed to have authorized the Administrative Agent, the Arranger and the Lenders to treat the Borrower Materials as not containing any material non-public information
with respect to WBA or its securities for purposes of United States Federal and state securities laws (provided, however, that to the extent the Borrower Materials constitute Information, they shall be treated as set forth in
Section 9.10); (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 the Borrower Materials that are not marked “PUBLIC” as being suitable only for posting on a portion of the Platform that is not designated “Public Side Information.” 

Section 6.02 Use of Proceeds. Each Borrower will, and will cause each of its Subsidiaries to, use the
proceeds of the Loans for general corporate purposes. Each Borrower shall use the proceeds of the Loans in compliance with all applicable legal and regulatory requirements and any such use shall not result in a violation of any such requirements,
including, without limitation, Regulation U and Regulation X, the Securities Act of 1933 and the Securities Exchange Act of 1934 and the regulations promulgated thereunder. 

Section 6.03 Notice of Default. WBA will give prompt notice in writing to the Lenders of the
occurrence of any Default or Unmatured Default after an Authorized Officer of WBA becomes aware of such Default or Unmatured Default. 

Section 6.04 Conduct of Business. Each Borrower will (and WBA will cause each of its Major
Subsidiaries to), except as otherwise permitted by Section 6.07, do all things necessary to remain duly incorporated or organized, validly existing and (to the extent such concept applies to such entity) in good standing as a corporation,
partnership, limited liability company or other entity in its jurisdiction of incorporation or organization, as the case may be, and maintain all requisite authority to conduct its business in each jurisdiction in which its business is conducted,
except in each case (other than valid existence of any Borrower) where the failure to do so would not reasonably be expected to have a Material Adverse Effect. 

Section 6.05 Compliance with Laws. Each Borrower will (and WBA will cause each of its Major
Subsidiaries to), comply in all material respects with all applicable laws, rules, regulations and orders (such compliance to include, without limitation, compliance with ERISA and Environmental Laws and paying before the same become delinquent all
taxes, assessments and governmental charges imposed upon it or upon its property except to the extent contested in good faith), except to the extent such noncompliance would not have a Material Adverse Effect. 

  
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 Section 6.06 Inspection; Keeping of Books and Records.
Subject to applicable law and third party confidentiality agreements entered into by WBA or any Subsidiary in the ordinary course of business, WBA will, and will cause each Subsidiary to, permit the Administrative Agent, during the continuance of a
Default or Unmatured Default, by its representatives and agents, to inspect any of the Property, books and financial records of WBA and each Subsidiary, to examine and make copies of the books of accounts and other financial records of WBA and each
Subsidiary, and to discuss the affairs, finances and accounts of WBA and each Subsidiary with their respective officers at such reasonable times and intervals as the Administrative Agent may designate but in all events upon reasonable prior notice
to WBA’s Finance Department, Attention: Chief Accounting Officer, with a copy to Vice President, Global Treasury. WBA shall keep and maintain, and cause each of its Subsidiaries to keep and maintain, in all material respects, proper books of
record and account in which entries in conformity with GAAP shall be made of all dealings and transactions in relation to their respective businesses and activities. 

Section 6.07 Merger. (a) Each Borrower will not merge into or consolidate with any other
Person, unless (i) the Person formed by such consolidation or into which such Borrower is merged shall be a Person organized and existing under the laws of (A) in the case of WBA, the United States of America, any State thereof or the
District of Columbia and (B) in the case of the Designated Borrower, England and Wales and, in each case, shall expressly assume pursuant to an instrument executed and delivered to the Administrative Agent, and in form and substance reasonably
satisfactory to the Administrative Agent, the applicable Borrower’s obligations for the due and punctual payment of the Obligations and the performance of every covenant of this Agreement on the part of the applicable Borrower to be performed;
and (ii) immediately after giving effect to such transaction, no Default or Unmatured Default shall have occurred and be continuing. For the avoidance of doubt, this Section 6.07 shall only apply to a merger or consolidation in which such
Borrower is not the surviving Person. 
 (b) Upon any consolidation by any Borrower with or merger by any Borrower into any other Person,
the successor Person formed by such consolidation or into which the applicable Borrower is merged shall succeed to, and be substituted for, and may exercise every right and power of, the applicable Borrower under this Agreement with the same effect
as if such successor Person had been named as such applicable Borrower herein. 
 Section 6.08 Sale of
Assets. WBA will not lease, sell or otherwise dispose of, or permit one or more Subsidiaries to lease, sell or otherwise dispose of, all or substantially all of the Property of WBA and the Subsidiaries, taken as a whole, to any Person,
unless, immediately before and after giving effect thereto, no Default or Unmatured Default would exist. 

Section 6.09 Liens. No Borrower will, and WBA will not permit any Major Subsidiary to, create or
suffer to exist any Lien in, of or on any of its Property, in each case to secure or provide for the payment of any Indebtedness for Borrowed Money, except: 

(a) Liens for taxes, assessments or governmental charges or levies on its Property if the same shall not at the time be delinquent or
thereafter can be paid without penalty, or are being contested in good faith and by appropriate proceedings and for which adequate reserves in accordance with the Agreement Accounting Principles shall have been set aside on its books. 

  
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 (b) Liens for taxes, assessments or governmental charges or levies on its Property
regardless of their delinquency or whether they can be paid without penalty provided such taxes, assessments, charges or levies do not in the aggregate at any one time exceed $10,000,000. 

(c) Liens imposed by law, such as carriers’, warehousemen’s and mechanics’ liens and other similar liens arising in the
ordinary course of business which secure payment of obligations not more than sixty (60) days past due or which are being contested in good faith by appropriate proceedings and for which adequate reserves in accordance with the Agreement
Accounting Principles shall have been set aside on its books. 
 (d) Liens arising out of pledges or deposits under worker’s
compensation laws, unemployment insurance, old age pensions, or other social security or retirement benefits, or similar legislation. 
 (e)
Utility easements, building restrictions and such other encumbrances or charges against real property as WBA reasonably deems necessary or desirable consistent with past practices. 

(f) Precautionary Liens provided by any Borrower or Major Subsidiary in connection with the sale, assignment, transfer or other disposition of
assets by any Borrower or Major Subsidiary which transaction is determined by the Board of Directors of such Borrower or Major Subsidiary to constitute a “sale” under accounting principles generally accepted in the United States. 

(g) Liens existing on the date hereof securing Indebtedness for Borrowed Money (and the replacement, extension or renewal thereof upon or in
the same property). 
 (h) Liens securing Indebtedness for Borrowed Money in an aggregate amount, immediately after giving effect to the
incurrence of such Indebtedness for Borrowed Money, not to exceed 15% of Total Tangible Assets. 
 (i) Liens on deposits, cash or cash
equivalents, if any, in favor of any issuer of one or more letters of credit issued under the Existing Revolving Credit Agreement to cash collateralize or otherwise secure the obligations of a defaulting lender to fund risk participations
thereunder. 
 (j) Usual and customary set off rights with respect to bank accounts and brokerage accounts in the ordinary course of
business. 
 (k) Usual and customary deposits in favor of lessors and similar deposits in the ordinary course of business. 

  
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 (l) Liens existing on property of any Person acquired by any Borrower or Major Subsidiary,
other than any such Lien or security interest created in contemplation of such acquisition (and the replacement, extension or renewal thereof upon or in the same property). 

Section 6.10 Financial Covenant. As of the last day of each fiscal quarter of WBA, commencing with the
first full fiscal quarter-end date occurring after the Effective Date, the ratio of Consolidated Debt to Total Capitalization shall not be greater than 0.60:1.00; provided that upon the consummation of
any Material Acquisition and the written election of WBA to the Administrative Agent (which shall promptly notify the Lenders) no later than thirty days following the consummation of a Material Acquisition, the maximum permitted ratio of
Consolidated Debt to Total Capitalization set forth above shall increase to 0.70 to 1.00 with respect to the last day of the fiscal quarter during which such Material Acquisition shall have been consummated and the last day of each of the
immediately following three consecutive fiscal quarters; provided further that (i) WBA may only make an election pursuant to the immediately preceding proviso on two separate occasions prior to the Maturity Date and (ii) from the period
beginning on the date the definitive documentation relating to any Material Acquisition is entered into (or, in the case of a Material Acquisition in the form of a tender offer or similar transaction, after the offer shall have been launched) prior
to the date such Material Acquisition is consummated (or such definitive documentation is terminated), any Acquisition Debt and the proceeds thereof shall be excluded from the calculation of the ratio of Consolidated Debt to Total Capitalization.

 Section 6.11 Sanctions. WBA and its Subsidiaries will not, directly or, to the knowledge of WBA,
indirectly, (a) use the proceeds of the Loans, or (b) lend, contribute or otherwise make available such proceeds to any Subsidiary, joint venture partner or other individual or entity, in each case, to fund any activities or business
(x) of or with any individual or entity named on the most current list of Specially Designated Nationals or Blocked Persons maintained by OFAC or the U.S. Department of State, or (y) in any country or territory, that, at the time of such
funding, is, or whose government is, the subject of Sanctions, except in the case of (a) or (b) to the extent licensed by OFAC or otherwise permissible under U.S. law. 

ARTICLE VII 
 DEFAULTS 

The occurrence of any one or more of the following events shall constitute a Default: 

Section 7.01 Breach of Representations or Warranties. Any representation or warranty made by WBA to the
Lenders or the Administrative Agent under this Agreement, or any certificate or information delivered in connection with this Agreement, shall be false in any material respect when made or deemed made. 

Section 7.02 Failure to Make Payments When Due. Nonpayment of (a) principal of any Loan when due,
or (b) interest upon any Loan, any Commitment Fee or other payment Obligations under any of the Loan Documents within five (5) Business Days after such interest, fee or other Obligation becomes due. 

  
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 Section 7.03 Breach of Covenants. The breach by
(i) WBA of (a) any of the terms or provisions of Section 6.03, 6.07, 6.08, 6.09 or 6.10 or (b) any of the other terms or provisions of this Agreement which is not remedied within thirty (30) days after an Authorized Officer
of WBA knows of the occurrence thereof or (ii) the Designated Borrower of any of the terms or provisions of Sections 6.07. 

Section 7.04 Cross Default. (a) Any Borrower or any Major Subsidiary shall fail to pay any
principal of or premium or interest on (x) any Indebtedness for Borrowed Money which is outstanding in a principal amount of at least the Requisite Amount in the aggregate (but excluding indebtedness arising hereunder) or (y) a Capitalized
Lease in respect of any single Property in an amount equal to at least $500,000,000, in each case, of such Borrower or such Major Subsidiary (as the case may be), when the same becomes due and payable (whether by scheduled maturity, required
prepayment, acceleration, demand or otherwise), and such failure shall continue after the applicable grace period, if any, specified in the agreement or instrument relating to such Indebtedness for Borrowed Money or Capitalized Lease, as applicable,
unless adequate provision for any such payment has been made in form and substance satisfactory to the Required Lenders. 
 (b) Any
(x) Indebtedness for Borrowed Money of any Borrower or any Major Subsidiary which is outstanding in a principal amount of at least the Requisite Amount in the aggregate or (y) Capitalized Lease in respect of any single Property in an
amount equal to at least $500,000,000, in each case, shall be declared to be due and payable, or required to be prepaid (other than by a scheduled required prepayment), redeemed, purchased or defeased, or an offer to prepay, redeem, purchase or
defease such Indebtedness for Borrowed Money or Capitalized Lease, as applicable, shall be required to be made, in each case prior to the stated maturity thereof as a result of a breach by such Borrower or such Major Subsidiary (as the case may be)
of the agreement or instrument relating to such Indebtedness for Borrowed Money or Capitalized Lease, as applicable, and such failure shall continue after the applicable grace period, if any, specified in the agreement or instrument relating to such
Indebtedness for Borrowed Money or Capitalized Lease, as applicable, unless adequate provision for the payment of such Indebtedness for Borrowed Money or Capitalized Lease, as applicable, has been made in form and substance satisfactory to the
Required Lenders. 
 (c) WBA or any of its Major Subsidiaries shall admit in writing its inability to pay its debts generally as they become
due. 
 Section 7.05 Voluntary Bankruptcy; Appointment of Receiver; Etc. WBA, the Designated
Borrower or any of WBA’s Major Subsidiaries shall (a) have an order for relief entered with respect to it under the Federal bankruptcy laws as now or hereafter in effect, (b) make an assignment for the benefit of creditors,
(c) apply for, seek, consent to, or acquiesce in, the appointment of a receiver, custodian, trustee, examiner, liquidator or similar official for it or any Substantial Portion of its Property, (d) institute any proceeding seeking an order
for relief under the Federal bankruptcy laws as now or hereafter in effect or seeking to adjudicate it bankrupt or insolvent, or seeking dissolution, winding up, liquidation, reorganization, arrangement, adjustment or composition of it or its debts
under any law relating to bankruptcy, 

  
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insolvency or reorganization or relief of debtors or fail to file an answer or other pleading denying the material allegations of any such proceeding filed against it, (e) take any corporate
or partnership action to authorize or effect any of the foregoing actions set forth in this Section 7.05, or (f) fail to contest in good faith any appointment or proceeding described in Section 7.06. 

Section 7.06 Involuntary Bankruptcy; Appointment of Receiver; Etc. Without the application,
approval or consent of WBA or any of its Major Subsidiaries, a receiver, trustee, custodian, examiner, liquidator or similar official shall be appointed for WBA or any of its Major Subsidiaries or any Substantial Portion of its Property, or a
proceeding described in Section 7.05(d) shall be instituted against WBA or any of its Major Subsidiaries, and such appointment continues undischarged, or such proceeding continues undismissed or unstayed, in each case, for a period of sixty
(60) consecutive days. 
 Section 7.07 Judgments. WBA, the Designated Borrower or any of
WBA’s Major Subsidiaries shall fail within sixty (60) days to pay, bond or otherwise discharge one or more judgments or orders for the payment of money (except to the extent covered by independent third party insurance and as to which the
insurer has not disclaimed coverage) in excess of the Requisite Amount (or the equivalent thereof in currencies other than Dollars) in the aggregate, which judgment(s), in any such case, is/are not stayed on appeal or otherwise being appropriately
contested in good faith. 
 Section 7.08 Unfunded Liabilities. (i) The aggregate Unfunded
Liabilities of all Plans would reasonably be expected to result in a material adverse effect on the financial condition, results of operations, business or Property of WBA and its Subsidiaries taken as a whole; (ii) the present value of the
unfunded liabilities to provide the accrued benefits under all Foreign Pension Plans in the aggregate would reasonably be expected to result in a material adverse effect on the financial condition, results of operations, business or Property of WBA
and its Subsidiaries taken as a whole; or (iii) any Reportable Event shall occur in connection with any Plan and such Reportable Event would reasonably be expected to result in a material adverse effect on the financial condition, results of
operations, business or Property of WBA and its Subsidiaries taken as a whole. 
 Section 7.09
[Reserved]. 
 Section 7.10 Other ERISA Liabilities. WBA, any Subsidiary or any other
member of the Controlled Group shall have been notified by the sponsor of a Multiemployer Plan that it has incurred withdrawal liability or become obligated to make contributions to a Multiemployer Plan in an amount which, when aggregated with all
other amounts required to be paid to Multiemployer Plans by WBA, any Subsidiary or any other member of the Controlled Group as withdrawal liability (determined as of the date of such notification), would reasonably be expected to result in a
material adverse effect on the financial condition, results of operations, business or Property of WBA and its Subsidiaries taken as a whole. 

  
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 Section 7.11 Invalidity of Loan Documents. Any
material provision of any Loan Document, at any time after its execution and delivery and for any reason other than as expressly permitted hereunder or thereunder or satisfaction in full of all the Obligations (other than contingent indemnification
obligations that survive the termination of this Agreement), ceases to be in full force and effect; or any Borrower contests in any manner the validity or enforceability of any Loan Document; or any Borrower denies that it has any or further
liability or obligation under any Loan Document, or purports to revoke, terminate or rescind any Loan Document for any reason other than as expressly permitted hereunder or thereunder. 

Section 7.12 Guarantees. The Parent Guarantee in respect of the Designated Borrower shall for any
reason cease (other than in accordance with the terms hereof) to be valid and binding on WBA, or WBA shall so state in writing. 
 ARTICLE
VIII 
 ACCELERATION, WAIVERS, AMENDMENTS AND REMEDIES 

Section 8.01 Acceleration, Etc. If any Default described in Section 7.05 or 7.06 occurs,
the obligations of the Lenders to make Loans shall automatically terminate and the Obligations of each Borrower shall immediately become due and payable without any election or action on the part of the Administrative Agent or any Lender. If any
other Default occurs, the Required Lenders (or the Administrative Agent with the consent of the Required Lenders) may terminate or suspend (in whole or in part) the obligations of the Lenders to make Loans or declare the Obligations of each Borrower
to be due and payable (in whole or in part), whereupon such Obligations shall become immediately due and payable, without presentment, demand, protest or notice of any kind, all of which the Borrowers hereby expressly waive. Promptly upon any
acceleration of the Obligations, the Administrative Agent will provide each Borrower with notice of such acceleration. 
 If, within thirty
(30) days after acceleration of the maturity of the Obligations of each Borrower or termination of the obligations of the Lenders to make Loans hereunder as a result of any Default (other than any Default as described in Section 7.05 or
7.06) and before any judgment or decree for the payment of the Obligations due shall have been obtained or entered, the Required Lenders (in their sole discretion) shall so direct, the Administrative Agent shall, by notice to each Borrower, rescind
and annul such acceleration and/or termination. 
 Section 8.02 Amendments. Subject to the
provisions of this Article VIII and except as otherwise specified in this Agreement (including pursuant to a LIBOR Successor Amendment), the Required Lenders (or the Administrative Agent with the consent in writing of the Required Lenders) and WBA
may enter into agreements supplemental hereto for the purpose of adding or modifying any provisions to the Loan Documents or changing in any manner the rights of the Lenders or the Borrowers hereunder or thereunder or waiving any Default hereunder
or thereunder; provided, however, that no such supplemental agreement shall: 
 (a) Extend the final maturity of any of the
Loans of any Lender or forgive all or any portion of the principal amount thereof payable to any Lender, or reduce the rate or extend the scheduled time of payment of interest or fees thereon (other than a waiver of the application of the default
rate of interest pursuant to Section 2.11 hereof) payable to any Lender, without the consent of each Lender affected thereby. 

  
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 (b) Reduce the percentage specified in the definition of Required Lenders or any other
percentage of Lenders specified to be the applicable percentage in this Agreement to act on specified matters or amend Section 2.19 or the definition of “Pro Rata Share”, without the consent of all Lenders affected thereby. For the
sake of clarity, the addition of one or more term loan facilities or the increase or addition of one or more revolving credit facilities or an extension of the maturity of a portion of the Revolving Facility and similar modifications shall be
permitted with the consent of the Required Lenders and the Lenders agreeing to participate in the new facility or to increase the amount of their commitment or extend the maturity of their Loans. 

(c) Extend the Maturity Date or the Facility Termination Date as it applies to any Lender, or increase the amount or otherwise extend the term
of the Commitment of any Lender hereunder without the consent of each Lender affected thereby. 
 (d) Permit any Borrower to assign its
rights or obligations under this Agreement except as provided in Section 6.07 without the consent of all Lenders. 
 (e) Amend the
definition of “Foreign Currency” without the consent of all Lenders. 
 (f) Amend this Section 8.02 without the consent of
all Lenders. 
 (g) Release, other than in accordance with the terms hereof, all or substantially all of the value of the Parent Guarantee.

 provided further, that (i) no amendment of any provision of this Agreement relating to the Administrative Agent shall be effective
without the written consent of the Administrative Agent; (ii) no amendment, waiver or consent shall, unless in writing and signed by the Administrative Agent in addition to the Lenders required above, affect the rights or duties of the
Administrative Agent under this Agreement or any other Loan Document; (iii) any provision of this Agreement or any other Loan Document may be amended by an agreement in writing entered into by WBA and the Administrative Agent to cure any
ambiguity, omission, defect or inconsistency (including, without limitation, amendments, supplements or waivers to any of documents executed by WBA or any Subsidiary in connection with this Agreement if such amendment, supplement or waiver is
delivered in order to cause such related documents to be consistent with this Agreement and the other Loan Documents) and (iv) the Administrative Agent and WBA may enter into amendments or modifications to this Agreement or enter into
additional documentation as the Administrative Agent reasonably deems appropriate in order to implement any Replacement Rate or otherwise effectuate the terms of Section 3.07(b) in accordance with the terms of Section 3.07(b).
Notwithstanding anything to the contrary herein, no Defaulting Lender shall have any right to approve or disapprove any amendment, waiver or consent hereunder, (it being specifically understood and agreed that any amendment, waiver or consent which
by its terms requires the consent of all Lenders or each affected Lender may be effected 

  
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with the consent of the applicable Lenders other than Defaulting Lenders), except that (A) the Commitment of such Lender may not be increased or extended without the consent of such Lender
and (B) any waiver, amendment or modification requiring the consent of all Lenders or each affected Lender that by its terms affects any Defaulting Lender more adversely than other affected Lenders shall require the consent of such Defaulting
Lender. 
 Section 8.03 Preservation of Rights. No delay or omission of the Lenders or the
Administrative Agent to exercise any right under the Loan Documents shall impair such right or be construed to be a waiver of any Default or an acquiescence therein, and the making of a Loan notwithstanding the existence of a Default or Unmatured
Default or the inability of the applicable Borrower to satisfy the conditions precedent to such Loan shall not constitute any waiver or acquiescence. Any single or partial exercise of any such right shall not preclude other or further exercise
thereof or the exercise of any other right, and no waiver, amendment or other variation of the terms, conditions or provisions of the Loan Documents whatsoever shall be valid unless in writing signed by, or by the Administrative Agent with the
consent of, the requisite number of Lenders required pursuant to Section 8.02, and then only to the extent in such writing specifically set forth. All remedies contained in the Loan Documents or by law afforded shall be cumulative and all shall
be available to the Administrative Agent and the Lenders until all of the Obligations have been paid in full. 
 ARTICLE IX 

GENERAL PROVISIONS 

Section 9.01 Survival of Representations. All representations and warranties made hereunder and in any
other Loan Document or other document delivered pursuant hereto or thereto or in connection herewith or therewith shall survive the execution and delivery hereof and thereof. Such representations and warranties have been or will be relied upon by
the Administrative Agent and each Lender, regardless of any investigation made by the Administrative Agent, any Lender or on their behalf and notwithstanding that the Administrative Agent, any Lender may have had notice or knowledge of any Default
at the time of any Loan, and shall continue in full force and effect as long as any Loan or any other Obligation hereunder (other than any contingent indemnification obligations for which no claim has been made) shall remain unpaid or unsatisfied.

 Section 9.02 Governmental Regulation. Anything contained in this Agreement to the contrary
notwithstanding, no Lender shall be obligated to extend credit to any Borrower in violation of any limitation or prohibition provided by any applicable statute or regulation. 

Section 9.03 Headings. Section headings in the Loan Documents are for convenience of reference only,
and shall not govern the interpretation of any of the provisions of the Loan Documents. 
 Section 9.04 Entire
Agreement. The Loan Documents, together with the Fee Letter, embody the entire agreement and understanding among the Borrowers, the Administrative Agent, the Arranger and the Lenders party thereto and supersede all prior agreements and
understandings among the Borrowers, the Administrative Agent, the Arranger and the Lenders, as applicable, relating to the subject matter thereof. 

  
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 Section 9.05 Several Obligations; Benefits of this
Agreement. The respective obligations of the Lenders hereunder are several and not joint and no Lender shall be the partner or agent of any other (except to the extent to which the Administrative Agent is authorized to act as such). The
failure of any Lender to perform any of its obligations hereunder shall not relieve any other Lender from any of its obligations hereunder. 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 12.01(d) and, to the extent expressly contemplated hereby, the Related Parties of each of the Administrative Agent and the
Lenders) any legal or equitable right, remedy or claim under or by reason of this Agreement; provided, however, that the parties hereto expressly agree that the Arranger shall enjoy the benefits of the provisions of Sections 9.06, 9.09
and 10.07 to the extent specifically set forth therein and shall have the right to enforce such provisions on its own behalf and in its own name to the same extent as if it were a party to this Agreement. 

Section 9.06 Expenses; Indemnification. (a) Costs and Expenses. WBA shall reimburse
(i) all reasonable and documented out-of-pocket expenses incurred by, without duplication, the Administrative Agent, the Arranger and their respective Affiliates
(including the reasonable fees, charges and disbursements of a single counsel), in connection with the syndication of the credit facilities provided for herein, the preparation, negotiation, execution, delivery and administration of this Agreement
and the other Loan Documents or any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions contemplated hereby or thereby shall be consummated) and (ii) all reasonable and documented out-of-pocket expenses incurred by the Administrative Agent and the Lenders (including the reasonable fees, charges and disbursements of a single counsel (and to the extent
reasonably determined to be necessary, one local counsel and one regulatory counsel in any applicable jurisdiction) for the Administrative Agent, the Arranger and the Lenders) in connection with the enforcement or protection of its rights
(A) in connection with this Agreement and the other Loan Documents, including its rights under this Section, or (B) in connection with the Loans made hereunder, including all such reasonable and documented
out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect of such Loans. 

(b) Indemnification by WBA. WBA shall, or shall cause the Designated Borrower to, indemnify the Administrative Agent (and any sub-agent thereof) and each Lender, and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and hold each Indemnitee harmless from, any and
all losses, claims, damages, liabilities and the reasonable and documented out-of-pocket legal and other related expenses (including the reasonable fees, charges and
disbursements of any counsel for any Indemnitee), in each case to the extent arising out of any investigation, litigation, claim or proceeding in connection with or as a result of (i) the execution or delivery of this Agreement, any other Loan
Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto of their respective obligations hereunder or thereunder, the consummation of the transactions

  
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contemplated hereby or thereby, or, in the case of the Administrative Agent (and any sub-agent thereof) and its Related Parties only, the administration of
this Agreement and the other Loan Documents (including in respect of any matters addressed in Section 3.05), (ii) any Loan or the use or proposed use of the proceeds therefrom, (iii) to the extent relating to the foregoing, any actual or
alleged presence or release of Hazardous Materials on or from any property owned, leased or operated by WBA or any of its Subsidiaries, or any Environmental Liability related in any way to WBA or any of its Subsidiaries or (iv) any actual or
prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by a third party or by any Borrower, and regardless of whether any Indemnitee is a
party thereto; provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses are determined by a court of competent jurisdiction by final and
nonappealable judgment to have resulted from (x) the bad faith, gross negligence or willful misconduct of such Indemnitee or its Related Parties, (y) a material breach of such Indemnitee’s or its Related Parties’ obligations
hereunder or under any other Loan Document or (z) a dispute among two or more Indemnitees not arising from any act or omission of the Borrowers or their Subsidiaries hereunder (but not including any such dispute that involves a Lender to the
extent such Lender is acting in a different capacity (i.e., the Administrative Agent or the Arranger) under any Loan Document). This Section 9.06(b) shall not apply with respect to Taxes other than any Taxes that represent losses, claims,
damages, etc. arising from any non-Tax claim. 
 (c) Reimbursement by Lenders. To the extent
that WBA for any reason fails to indefeasibly pay any amount required under subsection (a) of this Section or WBA for any reason fail to indefeasibly pay or cause to be paid any amount required under subsection (b) of this Section, in each
case, to be paid to the Administrative Agent (or any sub-agent thereof) or any Related Party of any of the foregoing, each Lender severally agrees to pay to the Administrative Agent (or any such sub-agent) or such Related Party, as the case may be, such Lender’s ratable share (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount,
provided that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against the Administrative Agent (or any such
sub-agent) in its capacity as such, or against any Related Party of any of the foregoing acting for the Administrative Agent (or any such sub-agent) in connection with
such capacity. The obligations of the Lenders under this subsection (c) are subject to the provisions of Section 2.17(b). 
 (d)
Waiver of Consequential Damages, Etc. To the fullest extent permitted by applicable law, each party hereto shall not assert, and hereby waives, any claim against any other party hereto, on any theory of liability, for special, indirect,
consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement, any other Loan Document or any agreement or instrument contemplated hereby, the transactions
contemplated hereby or thereby, any Loan or the use of the proceeds thereof (it being agreed that WBA’s indemnity and contribution obligations set forth in this Section 9.06 shall apply in respect of any special, indirect, consequential or
punitive damages that may be awarded against any Indemnitee in connection with a claim by a third party unaffiliated with the Indemnitee). No Indemnitee referred to in subsection (b) above shall be liable for any damages

  
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arising from the use by unintended recipients of any information or other materials distributed to such unintended recipients by such Indemnitee through telecommunications, electronic or other
information transmission systems in connection with this Agreement or the other Loan Documents or the transactions contemplated hereby or thereby other than for direct or actual damages resulting from the gross negligence, bad faith or willful
misconduct of such Indemnitee or its Related Parties or a material breach of such Indemnitee’s or its Related Parties’ obligations hereunder or under any other Loan Document, in each case, as determined by a final and nonappealable
judgment of a court of competent jurisdiction. 
 (e) Payments. All amounts due under this Section shall be payable not later than
ten (10) Business Days after written demand therefor. 
 (f) Survival. The agreements in this Section shall survive the
resignation of the Administrative Agent, the replacement of any Lender, the termination of this Agreement or the Aggregate Commitment and the repayment, satisfaction or discharge of all the other Obligations. 

Section 9.07 Accounting. Except as provided to the contrary herein, all accounting terms used
herein shall be interpreted and all accounting determinations hereunder shall be made in accordance with the Agreement Accounting Principles. 

Section 9.08 Severability of Provisions. Any provision in any Loan Document that is held
to be inoperative, unenforceable, or invalid in any jurisdiction shall, as to that jurisdiction, be inoperative, unenforceable, or invalid without affecting the remaining provisions in that jurisdiction or the operation, enforceability, or validity
of that provision in any other jurisdiction, and to this end the provisions of all Loan Documents are declared to be severable. Without limiting the foregoing provisions of this Section 9.08, if and to the extent that the enforceability of any
provisions in this Agreement relating to Defaulting Lenders shall be limited by Debtor Relief Laws, as determined in good faith by the Administrative Agent, then such provisions shall be deemed to be in effect only to the extent not so limited. 

Section 9.09 Nonliability of Lenders. The relationship between each Borrower on the one hand
and the Lenders, the Arranger and the Administrative Agent on the other hand shall be solely that of borrower and lender. None of the Administrative Agent, the Arranger or any Lender shall have any fiduciary responsibilities to any Borrower. None of
the Administrative Agent, the Arranger or any Lender undertakes any responsibility to any Borrower to review or inform any Borrower of any matter in connection with any phase of such Borrower’s business or operations. 

Section 9.10 Confidentiality. Each of the Administrative Agent and the Lenders agrees to
maintain the confidentiality of the Information (as defined below), except that Information may be disclosed (a) to its Affiliates and to its and its Affiliates’ respective partners, directors, officers, employees, agents, trustees,
advisors and representatives on a confidential basis (it being understood that the Persons to whom such disclosure is made will be informed of the confidential nature of such Information and instructed to keep such Information confidential and with
the Person, to the extent such compliance is within its control, disclosing such 

  
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information being responsible for such compliance), (b) to the extent requested by any state, federal or foreign authority or examiner regulating banks or banking or otherwise purporting to have
jurisdiction over it or its Affiliates (including any self-regulatory authority, such as the National Association of Insurance Commissioners); provided that the Administrative Agent and the Lenders, as applicable, shall, to the extent
practicable and not prohibited by applicable law, give WBA reasonable notice thereof before complying therewith, except to the extent in connection with an audit or examination conducted by a regulatory authority having jurisdiction over it or its
affiliates, (c) as may be compelled in a judicial or administrative proceeding or as otherwise required by applicable laws or regulations or by any subpoena or similar legal process, provided that the Administrative Agent and the
Lenders, as applicable, shall, except with respect to regulatory audit or examination conducted by accountants or any governmental or regulatory authority exercising examination or regulatory authority, to the extent practicable and not prohibited
by applicable law, give WBA reasonable notice thereof before complying therewith, except to the extent in connection with an audit or examination conducted by a regulatory authority having jurisdiction over it or its affiliates, (d) to any
other party hereto, (e) in connection with the exercise of any remedies or the enforcement of rights hereunder or under any other Loan Document or the Fee Letter in any suit, action or proceeding relating thereto to the extent such disclosure
is reasonably necessary in connection with such suit, action or proceeding (provided that WBA shall be given notice thereof and a reasonable opportunity, in each case to the extent reasonably practicable and to the extent permitted by applicable
law, to seek a protective court order with respect to such Information prior to such disclosure (it being understood that the refusal by a court to grant such a protective order shall not prevent the disclosure of such Information thereafter)), (f)
subject to the acknowledgment and acceptance by any such party that such information is being disseminated on a confidential basis in accordance with the standard syndication process of the Arranger or customary market standards for dissemination of
such types of information, subject to customary confidentiality restrictions that are no less restrictive in any material respect than those in this Section, which shall in any event require “click through” or other affirmative actions on
the part of recipient to access such information, to (i) any assignee of or Participant in, or any prospective assignee of or Participant in, any of its rights or obligations under this Agreement or (ii) any actual or prospective
counterparty (or its advisors) to any swap or derivative transaction relating to any Borrower and its obligations, (g) with the consent of WBA, (h) in connection with obtaining CUSIP numbers, (i) to the extent such Information
(x) is or becomes publicly available other than as a result of a breach of this Section or (y) becomes available to the Administrative Agent, any Lender or any of their respective Affiliates from a source, other than any Borrower or its
Affiliates, that is not to such Person’s knowledge subject to any confidentiality or fiduciary obligation to WBA with respect to such Information or (j) to the extent that such information is independently developed by the Administrative
Agent or Lender, as applicable other than as a result of a breach of this Section. 
 In addition, on a confidential basis (except to the
extent publicly available other than as a result of a breach of this Section), the Administrative Agent and each Lender may disclose the existence of this Agreement and the information about this Agreement to market data collectors, similar services
providers to the lending industry, and service providers to the Administrative Agent and the Lenders in connection with the administration and management of this Agreement and the other Loan Documents. 

  
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 For purposes of this Section, “Information” means all information received
from WBA or any Subsidiary relating to WBA or any Subsidiary or any of their respective businesses, other than any such information that is available to the Administrative Agent or any Lender on a nonconfidential basis prior to disclosure by WBA or
any Subsidiary. Any Person required to maintain the confidentiality of Information as provided in this Section shall be considered to have complied with its obligation to do so if such Person has exercised the same degree of care to maintain the
confidentiality of such Information as such Person would accord to its own confidential information. 
 Each of the Administrative Agent and
the Lenders acknowledges that (a) the Information may include material non-public information concerning WBA or a Subsidiary, as the case may be, (b) it has developed compliance procedures regarding
the use of material non-public information and (c) it will handle such material non-public information in accordance with applicable law, including United States
Federal and state securities laws. 
 Section 9.11 Nonreliance. Each of the Lenders hereby
represents that it is not relying on or looking to any margin stock (as defined in Regulation U) as collateral in the extension or maintenance of the credit provided for herein. 

Section 9.12 Disclosure. WBA and each Lender hereby acknowledge and agree that the Administrative
Agent and/or its respective Affiliates and certain of the other Lenders and/or their respective Affiliates from time to time may hold investments in, make other loans to or have other relationships with WBA and its Affiliates. 

ARTICLE X 
 THE
ADMINISTRATIVE AGENT 
 Section 10.01 Appointment and Authority. Each of the Lenders hereby
irrevocably appoints HSBC Bank plc 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, other than Section 10.06 below, are solely for the benefit of the
Administrative Agent and the Lenders, and the Borrowers shall not have rights as a third party beneficiary of any of such provisions (other than as provided in Section 10.06 below). 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. 

  
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 Section 10.02 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, act as the financial advisor or in any other advisory capacity for and generally engage in any kind of business with WBA 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. 
 Section 10.03 Reliance by Administrative
Agent. The Administrative Agent shall be entitled to rely upon, and shall not incur any liability for relying upon, any notice, request, certificate, consent, statement, instrument, document or other writing (including any electronic
message, Internet or intranet website posting or other distribution) believed by it to be genuine and to have been signed, sent or otherwise authenticated by the proper Person; provided that the foregoing shall not relieve the Administrative
Agent of its obligations to comply with the procedures set forth in Section 2.08, including the requirement to orally confirm the location and number of the applicable Borrower’s account to which proceeds of Loans are to be disbursed. 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 that by its terms must be fulfilled to the satisfaction of a Lender, the Administrative Agent may presume that such condition is satisfactory to such Lender unless the Administrative Agent shall have received notice
to the contrary from such Lender prior to the making of such Loan. The Administrative Agent may consult with legal counsel (who may be counsel for WBA), independent accountants and other experts selected by it, and shall not be liable for any action
taken or not taken by it in good faith in accordance with the advice of any such counsel, accountants or experts. 

Section 10.04 Exculpatory Provisions. The Administrative Agent shall not have any duties or
obligations except those expressly set forth herein and in the other Loan Documents. 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 

  
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 (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 WBA 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 Article VIII) or
(ii) in the absence of its own gross negligence or willful misconduct as determined by a court of competent jurisdiction by final and nonappealable judgment. The Administrative Agent shall be deemed not to have knowledge of any Default unless
and until written notice describing such Default is given to the Administrative Agent WBA, any Borrower or a Lender. 
 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 IV or elsewhere herein, other than to confirm receipt of items expressly required to be delivered to the Administrative Agent. 

Section 10.05 Delegation of Duties. The Administrative Agent may perform any and all of its duties and
exercise its rights and powers hereunder or under any other Loan Document by or through any one or more sub-agents appointed by the Administrative Agent. The Administrative Agent and any such sub-agent may perform any and all of its duties and exercise its rights and powers by or through their respective Related Parties. The exculpatory provisions of this Article shall apply to any such sub-agent and to the Related Parties of the Administrative Agent and any such sub-agent, and shall apply to their respective activities in connection with the syndication of
the credit facilities provided for herein as well as activities as Administrative Agent. The Administrative Agent shall not be responsible for the negligence or misconduct of any sub-agents except to the
extent that a court of competent jurisdiction determines in a final and non-appealable judgment that the Administrative Agent acted with gross negligence or willful misconduct (or breached its material
obligations under the Loan Documents) in the selection of such sub-agents. 

  
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 Section 10.06 Resignation of Administrative Agent.
The Administrative Agent may at any time give notice of its resignation to the Lenders and WBA. Upon receipt of any such notice of resignation, the Required Lenders shall have the right, subject to, so long as no Default has occurred and is
continuing, the consent of WBA (such consent not to be unreasonably withheld or delayed), 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, then the retiring Administrative Agent may on behalf
of the Lenders, appoint a successor Administrative Agent meeting the qualifications set forth above, subject to, so long as no Default has occurred and is continuing, the consent of WBA (such consent not to be unreasonably withheld or delayed);
provided that if the Administrative Agent shall notify WBA and the Lenders that no qualifying Person has accepted such appointment, then such resignation shall nonetheless become effective in accordance with such notice and (1) the
retiring Administrative Agent shall be discharged from its duties and obligations hereunder and under the other Loan Documents and (2) except for any indemnity payments or other amounts then owed to the retiring Administrative Agent, all
payments, communications and determinations provided to be made by, to or through the Administrative Agent shall instead be made by or to each Lender directly, until such time as the Required Lenders appoint a successor Administrative Agent as
provided for above in this Section. Upon the acceptance of a successor’s appointment as Administrative Agent hereunder, such successor shall succeed to and become vested with all of the rights, powers, privileges and duties of the retiring (or
retired) Administrative Agent (other than as provided in Section 3.08 and other than any rights to indemnity payments or other amounts owed to the retiring Administrative Agent as of the effective date of its resignation), and the retiring
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 WBA to a successor
Administrative Agent shall be the same as those payable to its predecessor unless otherwise agreed between WBA and such successor. After the retiring Administrative Agent’s resignation hereunder and under the other Loan Documents, the
provisions of this Article and Section 9.06 shall continue in effect for the benefit of such retiring Administrative Agent, its sub-agents and their respective Related Parties in respect of any actions
taken or omitted to be taken by any of them while the retiring Administrative Agent was acting as Administrative Agent. 

Section 10.07 Non-Reliance on Administrative Agent and Other
Lenders. Each of the Lenders 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 of the Lenders 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 10.08 No Other Duties, Etc.
Anything herein to the contrary notwithstanding, the Arranger listed on the cover page hereof shall not have any powers, duties or responsibilities under this Agreement or any of the other Loan Documents, except in its capacity, as applicable, as
the Administrative Agent or a Lender hereunder. 

  
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 Section 10.09 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 the Borrowers, the Administrative Agent (irrespective of whether the principal of any Loan shall then be due and
payable as herein expressed or by declaration or otherwise and irrespective of whether the Administrative Agent shall have made any demand on the Borrowers) shall be entitled and empowered (but not obligated), by intervention in such proceeding or
otherwise: 
 (a) to file and prove a claim for the whole amount of the principal and interest owing and unpaid in respect of the Loans 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 and the Administrative Agent (including any claim for the reasonable compensation, expenses,
disbursements and advances of the Lenders and the Administrative Agent and their respective agents and counsel and all other amounts due the Lenders and the Administrative Agent) allowed in such judicial proceeding; and 

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

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

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

Section 10.10 ERISA. (a) Each Lender (x) represents and warrants, as of the date such Person became
a Lender party hereto, to, and (y) covenants, from the date such Person became a Lender party hereto to the date such Person ceases being a Lender party hereto, that at least one of the following is and will be true: 

(i) such Lender is not using “plan assets” (within the meaning of Section 3(42) of ERISA or otherwise) of one or
more Benefit Plans in connection with the Loans or the Commitments, 

  
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 (ii) the transaction exemption set forth in one or more PTEs, such as PTE 84-14 (a class exemption for certain transactions determined by independent qualified professional asset managers), PTE 95-60 (a class exemption for certain transactions
involving insurance company general accounts), PTE 90-1 (a class exemption for certain transactions involving insurance company pooled separate accounts), PTE 91-38 (a
class exemption for certain transactions involving bank collective investment funds) or PTE 96-23 (a class exemption for certain transactions determined by in-house
asset managers), is applicable with respect to such Lender’s entrance into, participation in, administration of and performance of the Loans, the Commitments and this Agreement, 

(iii) (A) such Lender is an investment fund managed by a “Qualified Professional Asset Manager” (within the meaning
of Part VI of PTE 84-14), (B) such Qualified Professional Asset Manager made the investment decision on behalf of such Lender to enter into, participate in, administer and perform the Loans, the Commitments
and this Agreement, (C) the entrance into, participation in, administration of and performance of the Loans, the Commitments and this Agreement satisfies the requirements of sub-sections (b) through
(g) of Part I of PTE 84-14 and (D) to the best knowledge of such Lender, the requirements of subsection (a) of Part I of PTE 84-14 are satisfied with respect
to such Lender’s entrance into, participation in, administration of and performance of the Loans, the Commitments and this Agreement, or 

(iv) such other representation, warranty and covenant as may be agreed in writing between the Administrative Agent, in its sole
discretion, and such Lender. 
 (b) In addition, unless either (1) sub-clause (i) in the
immediately preceding clause (a) is true with respect to a Lender or (2) a Lender has provided another representation, warranty and covenant in accordance with sub-clause (iv) in the immediately
preceding clause (a), such Lender further (x) represents and warrants, as of the date such Person became a Lender party hereto, to, and (y) covenants, from the date such Person became a Lender party hereto to the date such Person ceases
being a Lender party hereto, for the benefit of, the Administrative Agent, the Arranger and their respective Affiliates, and not, for the avoidance of doubt, to or for the benefit of the Borrowers, that none of the Administrative Agent, the Arranger
or any of their respective Affiliates is a fiduciary with respect to the assets of such Lender involved in the Loans, the Commitments and this Agreement (including in connection with the reservation or exercise of any rights by the Administrative
Agent under this Agreement, any Loan Document or any documents related to hereto or thereto). 
 ARTICLE XI 

SETOFF 

Section 11.01 Setoff. In addition to, and without limitation of, any rights of the Lenders
under applicable law, if any Default occurs, any and all deposits (including all account balances, whether provisional or final and whether or not collected or available) and any other Indebtedness at any time held or owing by any Lender or any
Affiliate of any Lender to or for the credit or account of any Borrower may be offset and applied toward the payment of the Obligations of such Borrower then owing to such Lender to the extent the Obligations shall then be due; provided, that
in the event that any Defaulting Lender shall exercise any such right of 

  
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setoff, (x) all amounts so set off shall be paid over immediately to the Administrative Agent for further application in accordance with the provisions of Section 2.20(a)(ii) and,
pending such payment, shall be segregated by such Defaulting Lender from its other funds and deemed held in trust for the benefit of the Administrative Agent and the Lenders, and (y) the Defaulting Lender shall provide promptly to the
Administrative Agent a statement describing in reasonable detail the Obligations owing to such Defaulting Lender as to which it exercised such right of setoff. 

ARTICLE XII 
 BENEFIT OF
AGREEMENT; ASSIGNMENTS; PARTICIPATIONS 
 Section 12.01 Successors and Assigns.
(a) Successors and Assigns Generally. The provisions of this Agreement and the other Loan Documents shall be binding upon and inure to the benefit of the parties hereto and thereto and their respective successors and assigns
permitted hereby, except that no Borrower may assign or otherwise transfer any of its rights or obligations hereunder or thereunder 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 subsection (b) of this Section, (ii) by way of participation in accordance with the provisions of subsection
(d) of this Section or (iii) by way of pledge or assignment of a security interest subject to the restrictions of subsection (f) of this Section (and any other attempted assignment or transfer by any party hereto shall be null and
void). 
 (b) Assignments by Lenders. Any Lender may at any time assign to one or more assignees all or a portion of its rights and
obligations under this Agreement and the other Loan Documents (including all or a portion of its Commitment and the Loans at the time owing to it); provided that any such assignment shall be subject to the following conditions: 

(i) Minimum Amounts. 

(A) in the case of an assignment of the entire remaining amount of the assigning Lender’s Commitment and the Loans at the
time owing to it or in the case of an assignment to a Lender, an Affiliate of a Lender or an Approved Fund, no minimum amount need be assigned; and 

(B) in any case not described in subsection (b)(i)(A) of this Section, the aggregate amount of the Commitment (which for this
purpose includes Loans outstanding thereunder) or, if the Commitment is not then in effect, the principal outstanding balance of the Loans of the assigning Lender subject to each such assignment, determined as of the date the Assignment and
Assumption with respect to such assignment is delivered to the Administrative Agent or, if “Trade Date” is specified in the Assignment and Assumption, as of the Trade Date, shall not be less than $10,000,000 unless each of the
Administrative Agent and, so long as no Default under Sections 7.02, 7.05 or 7.06 has occurred and is continuing, WBA otherwise consents (each such consent not to be unreasonably withheld or delayed); provided, however, that concurrent
assignments to members of an 

  
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Assignee Group and concurrent assignments from members of an Assignee Group to a single Eligible Assignee (or to an Eligible Assignee and members of its Assignee Group) will be treated as a
single assignment for purposes of determining whether such minimum amount has been met. 
 (ii) 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. 

(iii) Required Consents. No consent shall be required for any assignment except to the extent required by subsection
(b)(i)(B) of this Section and, in addition: 
 (A) the prior written consent of WBA (such consent to be provided in
WBA’s sole discretion) shall be required unless (i) a Default under Sections 7.02, 7.05 or 7.06 has occurred and is continuing at the time of such assignment or (ii) such assignment is to a Person that is a Lender (as defined
under the Existing Revolving Credit Agreement as in effect on the Effective Date) on the Effective Date and, as a result of such assignment, the assignee’s Commitment is equal to or less than such assignee’s Commitment (as defined under
the Existing Revolving Credit Agreement as in effect on the Effective Date) under the Existing Revolving Credit Agreement as in effect on the Effective Date; and 

(B) the prior written 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. 

(iv) Assignment and Assumption. The parties to each assignment shall execute and deliver to the Administrative Agent an
Assignment and Assumption, together with a processing and recordation fee 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. 

(v) No Assignment to Borrower. No such assignment shall be made to any Borrower or any of its Affiliates or
Subsidiaries. 
 (vi) No Assignment to Natural Persons. No such assignment shall be made to a natural person. 

(vii) No Assignment to Defaulting Lenders. No such assignment shall be made to a Defaulting Lender. 

  
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 (viii) 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 WBA and the Administrative Agent, the Pro Rata Share of Loans previously requested but not funded by the Defaulting Lender, to each of which the applicable assignee and assignor hereby irrevocably consent), to
(x) pay and satisfy in full all payment liabilities then owed by such Defaulting Lender to the Administrative Agent or any Lender hereunder (and interest accrued thereon) and (y) acquire (and fund as appropriate) its full Pro Rata Share of
all Loans. Notwithstanding the foregoing, in the event that any assignment of rights and obligations of any Defaulting Lender hereunder shall become effective under applicable law without compliance with the provisions of this paragraph, then the
assignee of such interest shall be deemed to be a Defaulting Lender for all purposes of this Agreement until such compliance occurs. 

Subject to acceptance and recording thereof by the Administrative Agent pursuant to subsection (c) of this Section, from and after the
effective date specified in each Assignment and Assumption, the assignee thereunder shall be a party to this Agreement and, to the extent of the interest assigned by such Assignment and Assumption, have the rights and obligations of a Lender under
this Agreement, and the assigning Lender thereunder shall, to the extent of the interest assigned by such Assignment and Assumption, be released from its obligations under this Agreement (and, in the case of an Assignment and Assumption covering all
of the assigning Lender’s rights and obligations under this Agreement, such Lender shall cease to be a party hereto) but shall continue to be entitled to the benefits of Sections 3.01, 3.03, 3.04, 3.05, and 9.06 with respect to facts and
circumstances occurring prior to the effective date of such assignment. Upon request, each Borrower (at its expense) shall execute and deliver a Note 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 subsection (d) of this Section. 

(c) Register. The Administrative Agent, acting solely for this purpose as a non-fiduciary agent
of WBA, shall maintain at the Administrative Agent’s Office a copy of each Assignment and Assumption delivered to it and a register for the recordation of the names and addresses of the Lenders, and the Commitments of, and principal amounts
(and stated interest) of the Loans owing to, each Lender pursuant to the terms hereof from time to time (the “Register”). The entries in the Register shall be conclusive, absent manifest error, and WBA, the Administrative Agent and
the Lenders may treat each Person whose name is recorded in the Register pursuant to the terms hereof as a Lender hereunder for all purposes of this Agreement, notwithstanding notice to the contrary. In addition, the Administrative Agent shall
maintain on the Register information regarding the designation, and revocation of designation, of any Lender as a Defaulting Lender. The Register shall be available for inspection by WBA at any reasonable time and from time to time upon reasonable
prior notice. In addition, at any time that a request for a consent for a material or substantive change to the Loan Documents is pending, any Lender may request and receive from the Administrative Agent a copy of the Register. 

  
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 (d) Participations. Any Lender may, with the prior written consent of WBA ((i) such
consent to be provided in WBA’s sole discretion, (ii) such consent not to be required if a Default under Sections 7.02, 7.05 or 7.06 has occurred and is continuing at the time of the sale of the applicable participation and
(iii) such consent not to be required for a participation to a Person that is a Lender (as defined under the Existing Revolving Credit Agreement as in effect on the Effective Date) on the Effective Date), sell participations to any Person
(other than a natural person, Defaulting Lender or the Borrowers or any of its 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); provided that (i) such Lender’s obligations under this Agreement shall remain unchanged, (ii) such Lender shall remain solely responsible to the other parties hereto for the
performance of such obligations and (iii) the Borrowers, the Administrative Agent and the Lenders shall continue to deal solely and directly with such Lender in connection with such Lender’s rights and obligations under this Agreement.

 Any agreement or instrument pursuant to which a Lender sells such a participation shall provide that such Lender shall retain the sole
right to enforce this Agreement and to approve any amendment, modification or waiver of any provision of this Agreement; provided that such agreement or instrument may provide that such Lender will not, without the consent of the Participant,
agree to any amendment, waiver or other modification described in the first proviso to Section 8.02 that affects such Participant. Subject to subsection (e) of this Section, WBA agrees that each Participant shall be entitled to the
benefits of Sections 3.01, 3.03, 3.04 and 3.05 to the same extent as if it were a Lender and had acquired its interest by assignment pursuant to subsection (b) of this Section. To the extent permitted by law, each Participant also shall be
entitled to the benefits of Section 11.01 as though it were a Lender, provided that such Participant agrees to be subject to Section 2.19 as though it were a Lender. 

Each Lender that sells a participation shall, acting solely for this purpose as a nonfiduciary agent of the applicable 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 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 or other Obligation is in registered form under Section 5f.103-1(c) of the United States Treasury Regulations. The entries in the Participant Register shall be conclusive absent manifest error, and such Lender shall treat each Person whose name is recorded
in the Participant Register as the owner of such participation for all purposes of this Agreement notwithstanding any notice to the contrary. For the avoidance of doubt, the Administrative Agent (in its capacity as Administrative Agent) shall have
no responsibility for maintaining a Participant Register. 

  
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 (e) Limitations upon Participant Rights. A Participant shall not be entitled to
receive any greater payment under Section 3.01, 3.03, 3.04 or 3.05 than the applicable Lender would have been entitled to receive with respect to the participation sold to such Participant, unless the sale of the participation to such
Participant is made with the applicable Borrower’s prior written consent. A Participant shall not be entitled to the benefits of Section 3.05 unless such Participant agrees to comply with Section 3.05 as though it were a Lender (it
being understood that the documentation required under Section 3.05(f) shall be delivered to the Lender who sells the participation). 

(f) 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 its Note, if any) to secure obligations of such Lender, including any pledge or assignment to secure obligations to a Federal Reserve Bank or other central banking authority having jurisdiction over such Lender;
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 12.02 Dissemination of Information. WBA authorizes each of the Lenders to disclose to
any Participant or any other Person acquiring an interest in the Loan Documents by operation of law (each a “Transferee”) and any prospective Transferee any and all information in such Lender’s possession concerning the
creditworthiness of WBA and its Subsidiaries, including without limitation any information contained in any reports or other information delivered by WBA pursuant to Section 6.01; provided that each Transferee and prospective Transferee
agrees to be bound by Section 9.10 of this Agreement or other provisions at least as restrictive as Section 9.10 including making the acknowledgments set forth therein. 

Section 12.03 Tax Treatment. If any interest in any Loan Document is transferred to any Transferee
which is organized under the laws of any jurisdiction other than the United States or any State thereof, the transferor Lender shall cause such Transferee, concurrently with the effectiveness of such transfer, to comply with the provisions of
Section 3.05(f); provided, that damages for any breach of this Section 12.03 shall in no event exceed the reasonable out-of-pocket expenses incurred by
the Borrowers in collecting or attempting to collect from the Transferee any forms it reasonably requires in order to determine its withholding and reporting obligations in accordance with Section 3.05(f) herein. 

ARTICLE XIII 
 NOTICES 

Section 13.01 Notices; Effectiveness; Electronic Communication. (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 telecopier 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: 
 (i) if to the Borrowers or the Administrative Agent, to the address,
telecopier number, electronic mail address or telephone number set forth on Schedule 13.01; and 

  
 81 

 (ii) if to any other Lender, to the address, telecopier number, electronic
mail address or telephone number specified in its administrative questionnaire. 
 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 telecopier 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 paragraph
(b) below, shall be effective as provided in said paragraph (b). 
 (b) Electronic Communications. Notices and other
communications to the Lenders hereunder may be delivered or furnished by electronic communication (including e-mail and internet or intranet websites) pursuant to procedures approved by the Administrative
Agent or as otherwise determined by the Administrative Agent, provided that the foregoing shall not apply to notices to any Lender pursuant to Article II if such Lender has notified the Administrative Agent that it is incapable of receiving
notices under such Article by electronic communication. The Administrative Agent or the Borrowers may, in its respective discretion, agree to accept notices and other communications to it hereunder by electronic communications pursuant to procedures
approved by it or as it otherwise determines, provided that such determination or approval may be limited to particular notices or communications. 

Unless the Administrative Agent otherwise prescribes, (i) notices and other communications sent to an
e-mail address shall be deemed received upon the sender’s receipt of an acknowledgement from the intended recipient (such as by the “return receipt requested” function, as available, return e-mail or other written acknowledgement), provided that if such notice or other communication is not given during the normal business hours of the recipient, such notice or communication shall be deemed to
have been given at the opening of business on the next Business Day for the recipient, and (ii) notices or communications posted to an Internet or intranet website shall be deemed received upon the deemed receipt by the intended recipient at
its e-mail address as described in the foregoing clause (i) of notification that such notice or communication is available and identifying the website address therefor. 

(c) The Platform. THE PLATFORM (IF ANY) 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 

  
 82 

 
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
Borrowers, any Lender, or any other Person for losses, claims, damages, liabilities or expenses of any kind (whether in tort, contract or otherwise) arising out of WBA’s or the Administrative Agent’s transmission of Borrower Materials
through the Internet, except to the extent that such losses, claims, damages, liabilities or expenses are determined by a court of competent jurisdiction by a final and nonappealable judgment to have resulted from the gross negligence or willful
misconduct of such Agent Party; provided, however, that in no event shall any Agent Party have any liability to the Borrowers, any Lender, or any other Person for indirect, special, incidental, consequential or punitive damages (as
opposed to direct or actual damages). 
 (d) Change of Address, Etc. Each of the Borrowers and the Administrative Agent may change
its address, telecopier or telephone number for notices and other communications hereunder by written notice to the other parties hereto. Each other Lender may change its address, telecopier or telephone number for notices and other communications
hereunder by written notice to WBA and the Administrative Agent. In addition, each Lender agrees to notify the Administrative Agent from time to time to ensure that the Administrative Agent has on record (i) an effective address, contact name,
telephone number, telecopier number and electronic mail address to which notices and other communications may be sent and (ii) accurate wire instructions for such Lender. Furthermore, each Public Lender agrees to cause at least one individual
at or on behalf of such Public Lender to at all times have selected the “Private Side Information” or similar designation on the content declaration screen of the Platform in order to enable such Public Lender or its delegate, in
accordance with such Public Lender’s compliance procedures and applicable law, including United States Federal and state securities laws, to make reference to Borrower Materials that are not made available through the “Public Side
Information” portion of the Platform and that may contain material non-public information with respect to WBA or its securities for purposes of United States Federal or state securities laws. 

(e) Reliance by Administrative Agent and Lenders. The Administrative Agent and the Lenders shall be entitled to rely and act upon any
notices purportedly given by or on behalf of any Borrower so long as such notices appear on their face to be authentic 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 jointly and severally indemnify the Administrative Agent, each Lender and the Related
Parties of each of them from all losses, costs, expenses and liabilities resulting from the reliance by such Person on each notice purportedly given by or on behalf of any Borrower. All telephonic communications with the Administrative Agent may be
recorded by the Administrative Agent, and each of the parties hereto hereby consents to such recording. 

  
 83 

 ARTICLE XIV 

COUNTERPARTS; INTEGRATION; EFFECTIVENESS; ELECTRONIC EXECUTION 

Section 14.01 Counterparts; Effectiveness. This Agreement may be executed in counterparts (and by
different parties hereto in different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract. Except as provided in Article IV, this Agreement shall become effective when it
shall have been executed by the Administrative Agent and when the Administrative Agent shall have received counterparts hereof which, when taken together, bear the signatures of each of the parties hereto, and thereafter shall be binding upon and
inure to the benefit of the parties hereto and their respective successors and assigns. Delivery of an executed counterpart of a signature page of this Agreement by telecopy or email shall be effective as delivery of a manually executed counterpart
of this Agreement. 
 Section 14.02 Electronic Execution of Assignments. The words
“execute,” “execution,” “signed,” “signature,” and words of like import in or related to any document to be signed in connection with this Agreement and the transactions contemplated hereby (including without
limitation Assignment and Assumptions, amendments or other modifications, Borrowing Notices, waivers and consents) shall be deemed to include electronic signatures, the electronic matching of assignment terms and contract formations on electronic
platforms approved by the Administrative Agent, or the keeping of records in electronic form, each of which shall be of the same legal effect, validity or enforceability as a manually executed signature or the use of a paper-based recordkeeping
system, as the case may be, to the extent and as provided for in any applicable law, including the Federal Electronic Signatures in Global and National Commerce Act, the New York State Electronic Signatures and Records Act, or any other similar
state laws based on the Uniform Electronic Transactions Act; provided that notwithstanding anything contained herein to the contrary, the Administrative Agent is under no obligation to agree to accept electronic signatures in any form or in
any format unless expressly agreed to by the Administrative Agent pursuant to procedures approved by it. Without limiting the generality of the foregoing, each party hereto hereby (i) agrees that, for all purposes, including without limitation,
in connection with any workout, restructuring, enforcement of remedies, bankruptcy proceedings or litigation among the Administrative Agent, the Lenders and the Borrowers, electronic images of this Agreement or any other Loan Documents (in each
case, including with respect to any signature pages thereto) shall have the same legal effect, validity and enforceability as any paper original, and (ii) waives any argument, defense or right to contest the validity or enforceability of the
Loan Documents based solely on the lack of paper original copies of any Loan Documents, including with respect to any signature pages thereto. 

ARTICLE XV 
 CHOICE OF LAW;
CONSENT TO JURISDICTION; WAIVER OF JURY TRIAL 
 Section 15.01 Choice of Law. THE LOAN DOCUMENTS AND
OBLIGATIONS OF THE PARTIES THEREUNDER (INCLUDING, WITHOUT LIMITATION, ANY CLAIMS SOUNDING IN CONTRACT LAW OR TORT LAW ARISING OUT OF THE SUBJECT MATTER THEREOF AND ANY DETERMINATIONS WITH RESPECT TO POST-JUDGMENT INTEREST) SHALL BE GOVERNED BY AND
CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, WITHOUT REGARD TO CONFLICTS OF LAW PRINCIPLES THEREOF THAT WOULD REQUIRE THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION. 

  
 84 

 Section 15.02 Consent to Jurisdiction. EACH
OF THE BORROWERS, THE ADMINISTRATIVE AGENT, THE ARRANGER AND THE LENDERS HEREBY IRREVOCABLY SUBMITS TO JURISDICTION OF ANY FEDERAL COURT OF THE UNITED STATES OF AMERICA SITTING IN THE BOROUGH OF MANHATTAN OR, IF THAT COURT DOES NOT HAVE SUBJECT
MATTER JURISDICTION, IN ANY STATE COURT LOCATED IN THE CITY AND COUNTY OF NEW YORK IN ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO ANY LOAN DOCUMENTS AND HEREBY IRREVOCABLY AGREES THAT ALL CLAIMS IN RESPECT OF SUCH ACTION OR PROCEEDING MAY
BE HEARD AND DETERMINED IN ANY SUCH COURT AND IRREVOCABLY WAIVES ANY OBJECTION IT MAY NOW OR HEREAFTER HAVE AS TO THE VENUE OF ANY SUCH SUIT, ACTION OR PROCEEDING BROUGHT IN SUCH A COURT OR THAT SUCH COURT IS AN INCONVENIENT FORUM. NOTHING HEREIN
SHALL LIMIT THE RIGHT OF THE ADMINISTRATIVE AGENT, THE ARRANGER OR ANY LENDER TO BRING PROCEEDINGS AGAINST THE BORROWERS IN THE COURTS OF ANY OTHER JURISDICTION. ANY JUDICIAL PROCEEDING BROUGHT BY THE BORROWERS, DIRECTLY OR INDIRECTLY, IN ANY WAY
ARISING OUT OF, RELATED TO, OR CONNECTED WITH ANY LOAN DOCUMENT SHALL BE BROUGHT ONLY IN A COURT IN ANY FEDERAL COURT OF THE UNITED STATES OF AMERICA SITTING IN THE BOROUGH OF MANHATTAN OR, IF THAT COURT DOES NOT HAVE SUBJECT MATTER JURISDICTION, IN
ANY STATE COURT LOCATED IN THE CITY AND COUNTY OF NEW YORK. 
 EACH OF THE BORROWERS, THE ADMINISTRATIVE AGENT, THE ARRANGER AND THE LENDERS
HEREBY AGREES FURTHER THAT SERVICE OF ALL PROCESS IN ANY SUCH PROCEEDING IN ANY SUCH COURT MAY BE MADE BY REGISTERED OR CERTIFIED MAIL, RETURN RECEIPT REQUESTED, TO THE APPLICABLE PERSON AT ITS ADDRESS PROVIDED IN ACCORDANCE WITH SECTION 13.01 AND
AGREES THAT SUCH SERVICE IS SUFFICIENT TO CONFER PERSONAL JURISDICTION OVER THE APPLICABLE PERSON IN ANY SUCH PROCEEDING IN ANY SUCH COURT, AND OTHERWISE CONSTITUTES EFFECTIVE AND BINDING SERVICE IN EVERY RESPECT. NOTHING HEREIN SHALL LIMIT THE
RIGHT OF THE ADMINISTRATIVE AGENT, THE ARRANGER OR LENDERS TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY LAW. 

Section 15.03 Waiver of Jury Trial. EACH PARTY HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT
PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY (WHETHER
BASED ON CONTRACT, TORT OR ANY OTHER THEORY). EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PERSON HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PERSON WOULD NOT, IN THE EVENT OF LITIGATION,
SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS
SECTION. 

  
 85 

 Section 15.04 U.S. Patriot Act Notice. Each Lender
that is subject to the U.S. Patriot Act and the Administrative Agent (for itself and not on behalf of any Lender) hereby notifies the Borrowers that pursuant to the requirements of the U.S. Patriot Act, it is required to obtain, verify and record
information that identifies the Borrowers, which information includes the name and address of the Borrowers and other information that will allow such Lender or the Administrative Agent, as applicable, to identify the Borrowers in accordance with
the U.S. Patriot Act. The Borrowers shall, promptly following a request by the Administrative Agent or any Lender, provide all documentation and other information that the Administrative Agent or such Lender requests in order to comply with its
ongoing obligations under applicable “know your customer” and anti-money laundering rules and regulations, including the U.S. Patriot Act. 

Section 15.05 No Advisory or Fiduciary Responsibility. In connection with all aspects of each
transaction contemplated hereby (including in connection with any amendment, waiver or other modification hereof or of any other Loan Document), the Borrowers acknowledge and agrees, and acknowledges its Affiliates’ understanding, that:
(i) (A) the arranging and other services regarding this Agreement provided by the Administrative Agent, the Arranger and the Lenders are arm’s-length commercial transactions between the Borrowers and
their Affiliates, on the one hand, and the Administrative Agent, the Arranger and the Lenders, on the other hand, (B) the Borrowers has consulted its own legal, accounting, regulatory and tax advisors to the extent it has deemed appropriate,
and (C) the Borrowers are capable of evaluating, and understands and accepts, the terms, risks and conditions of the transactions contemplated hereby and by the other Loan Documents; (ii) (A) each of the Administrative Agent, the Arranger
and the Lenders is and has been acting solely as a principal and, except as expressly agreed in writing by the relevant parties, has not been, is not, and will not be acting as an advisor, agent or fiduciary for the Borrowers or any of its
Affiliates, or any other Person and (B) neither the Administrative Agent nor the Arranger nor any of the Lenders has any obligation to the Borrowers or any of its Affiliates with respect to the transactions contemplated hereby except those
obligations expressly set forth herein and in the other Loan Documents; and (iii) the Administrative Agent, the Arranger, the Lenders and their respective Affiliates may be engaged in a broad range of transactions that involve interests that
differ from those of the Borrowers and its Affiliates, and neither the Administrative Agent nor the Arranger nor any of the Lenders has any obligation to disclose any of such interests to the Borrowers or their Affiliates. To the fullest extent
permitted by law, each Borrower hereby agrees and covenants that it will not make any claims that it may have against the Administrative Agent, the Arranger and the Lenders with respect to any breach or alleged breach of agency or fiduciary duty in
connection with any aspect of any transaction contemplated hereby. 
 Section 15.06 Judgment Currency. If,
for the purposes of obtaining judgment in any court, it is necessary to convert a sum due hereunder or any other Loan Document in one currency into another currency, the rate of exchange used shall be that at which in accordance with normal banking
procedures the Administrative Agent could purchase the first currency with 

  
 86 

 
such other currency on the Business Day preceding that on which final judgment is given. The obligation of each Borrower in respect of any such sum due from it to the Administrative Agent or any
Lender hereunder or under the other Loan Documents shall, notwithstanding any judgment in a currency (the “Judgment Currency”) other than that in which such sum is denominated in accordance with the applicable provisions of this Agreement
(the “Agreement Currency”), be discharged only to the extent that on the Business Day following receipt by the Administrative Agent or such Lender, as the case may be, of any sum adjudged to be so due in the Judgment Currency, the
Administrative Agent or such Lender, as the case may be, may in accordance with normal banking procedures purchase the Agreement Currency with the Judgment Currency. If the amount of the Agreement Currency so purchased is less than the sum
originally due to the Administrative Agent or any Lender from any applicable Borrower in the Agreement Currency, such applicable Borrower agrees, as a separate obligation and notwithstanding any such judgment, to indemnify the Administrative Agent
or such Lender, as the case may be, against such loss. If the amount of the Agreement Currency so purchased is greater than the sum originally due to the Administrative Agent or any Lender in such currency, the Administrative Agent or such Lender,
as the case may be, agrees to return the amount of any excess to such applicable Borrower (or to any other Person who may be entitled thereto under applicable law). 

Section 15.07 Acknowledgement and Consent to Bail-In of Affected
Financial Institutions. Notwithstanding anything to the contrary in any Loan Document or in any other agreement, arrangement or understanding among any such parties, each party hereto acknowledges that any liability of any Affected Financial
Institution arising under any Loan Document, to the extent such liability is unsecured, may be subject to the write-down and conversion powers of the applicable Resolution Authority and agrees and consents to, and acknowledges and agrees to be bound
by: 
 (b) the application of any Write-Down and Conversion Powers by the applicable Resolution Authority to any such liabilities arising
hereunder which may be payable to it by any party hereto that is an Affected Financial Institution; and 
 (c) the effects of any Bail-In Action on any such liability, including, if applicable: 
 (i) a reduction in full
or in part or cancellation of any such liability; 
 (ii) a conversion of all, or a portion of, such liability into shares or
other instruments of ownership in such Affected Financial Institution, its parent undertaking, or a bridge institution that may be issued to it or otherwise conferred on it, and that such shares or other instruments of ownership will be accepted by
it in lieu of any rights with respect to any such liability under this Agreement or any other Loan Document; or 
 (iii) the
variation of the terms of such liability in connection with the exercise of the write-down and conversion powers of the applicable Resolution Authority. 

  
 87 

 ARTICLE XVI 

WBA GUARANTEE 

Section 16.01 WBA Guaranty. WBA hereby guarantees (the undertaking of WBA contained in this Article XVI being
the “Parent Guarantee”) the punctual payment when due, whether at stated maturity, by acceleration or otherwise, of all Obligations of the Designated Borrower under this Agreement, whether for principal, interest, fees, expenses or
otherwise, which Obligations shall include such indebtedness, obligations, and liabilities which may be or hereafter become unenforceable or shall be an allowed or disallowed claim under any proceeding or case commenced by or against WBA or the
Designated Borrower under any Debtor Relief Laws, and shall include interest that accrues after the commencement of any proceeding under any Debtor Relief Laws (such obligations, collectively, being the “Subsidiary Borrower
Obligations”), and any and all expenses (including counsel fees and expenses) incurred by the Administrative Agent or the Lenders in enforcing any rights under the Parent Guarantee. The Parent Guarantee is a guaranty of payment and not of
collection. WBA agrees that, as between WBA and the Administrative Agent, the Subsidiary Borrower Obligations may be declared to be due and payable for purposes of the Parent Guarantee notwithstanding any stay, injunction or other prohibition which
may prevent, delay or vitiate any declaration as regards the Designated Borrower and that in the event of a declaration or attempted declaration, the Subsidiary Borrower Obligations shall immediately become due and payable by WBA for purposes of the
Parent Guarantee. 
 Section 16.02 Guaranty Absolute. WBA guarantees that the Subsidiary Borrower
Obligations will be paid strictly in accordance with the terms of this Agreement, regardless of any law, regulation or order now or hereafter in effect in any jurisdiction affecting any of such terms or the rights of the Administrative Agent or the
Lenders with respect thereto. The liability of WBA under the Parent Guarantee shall be absolute, irrevocable and unconditional irrespective of: 

(a) any lack of validity, enforceability or genuineness of any provision of this Agreement, any Subsidiary Borrower Obligations or any other
agreement or instrument relating thereto; 
 (b) any change in the time, manner or place of payment of, or in any other term of, all or any
of the Subsidiary Borrower Obligations, or any other amendment or waiver of or any consent to departure from this Agreement; 
 (c) any
exchange, release or non-perfection of any collateral, or any release or amendment or waiver of or consent to departure from any other guaranty, for all or any of the Subsidiary Borrower Obligations; 

(d) the existence of any claim, set-off or other rights which WBA may have at any time against any
Lender, whether in connection herewith or any unrelated transactions, provided that nothing herein shall prevent the assertion of any such claim by separate suit or compulsory counterclaim; 

  
 88 

 (e) any law or regulation of any jurisdiction or any other event affecting any term of a
Subsidiary Borrower Obligation; or 
 (f) any other circumstance which might otherwise constitute a defense available to, or a discharge of,
WBA or the Designated Borrower. 
 The Parent Guarantee shall continue to be effective or be reinstated, as the case may be, if at any time any payment of
any of the Subsidiary Borrower Obligations is rescinded or must otherwise be returned by the Administrative Agent or any Lender upon the insolvency, bankruptcy or reorganization of the Designated Borrower or otherwise, all as though such payment had
not been made. 
 Section 16.03 Waivers. 

(a) WBA hereby waives promptness, diligence, notice of acceptance and any other notice with respect to any of the Subsidiary Borrower
Obligations and the Parent Guarantee and any requirement that the Administrative Agent or any Lender protect, secure, perfect or insure any security interest or lien or any property subject thereto or exhaust any right or take any action against the
Designated Borrower or any other Person or any collateral. 
 (b) WBA hereby irrevocably waives any claims or other rights that it may now
or hereafter acquire against the Designated Borrower that arise from the existence, payment, performance or enforcement of the obligations of WBA under the Parent Guarantee, including, without limitation, any right of subrogation, reimbursement,
exoneration, contribution or indemnification and any right to participate in any claim or remedy of the Administrative Agent or any Lender against the Designated Borrower or any collateral, whether or not such claim, remedy or right arises in equity
or under contract, statute or common law, including, without limitation, the right to take or receive from the Designated Borrower, directly or indirectly, in cash or other property or by set-off or in any
other manner, payment or security on account of such claim, remedy or right. If any amount shall be paid to WBA in violation of the preceding sentence at any time prior to the later of the payment in full of the Subsidiary Borrower Obligations and
all other amounts payable under the Parent Guarantee and the Facility Termination Date, such amount shall be held in trust for the benefit of the Administrative Agent and the Lenders and shall forthwith be paid to the Administrative Agent to be
credited and applied to the Subsidiary Borrower Obligations and all other amounts payable under the Parent Guarantee, whether matured or unmatured, in accordance with the terms of this Agreement and the Parent Guarantee, or to be held as collateral
for any Subsidiary Borrower Obligations or other amounts payable under the Parent Guarantee thereafter arising. WBA acknowledges that it will receive direct and indirect benefits from the financing arrangements contemplated by this Agreement and the
Parent Guarantee and that the waiver set forth in this Section 16.03(b) is knowingly made in contemplation of such benefits. 

Section 16.04 Continuing Guaranty. The Parent Guarantee is a continuing guaranty and shall (i) remain in
full force and effect until the payment in full of the Subsidiary Borrower Obligations (including any and all Subsidiary Borrower Obligations which remain outstanding after the Facility Termination Date) and all other amounts payable under the
Parent Guarantee, (ii) be binding upon each of WBA and its successors and assigns and (iii) inure to the benefit of and be enforceable by the Lenders, the Administrative Agent and their respective successors, transferees and assigns. 

  
 89 

 Section 16.05 Subrogation. Upon making any payment with
respect to the Designated Borrower, WBA shall be subrogated to the rights of the payee against the Designated Borrower with respect to such payment; provided that WBA shall not enforce any payment by way of subrogation until all amounts of
principal and of interest on the Notes and all other amounts payable by the Designated Borrower under this Agreement have been paid in full. 

[Signature Pages Follow] 

  
 90 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first
written above. 
  

			
	WALGREENS BOOTS ALLIANCE, INC., as Borrower
		
	By 	 	/s/ Aidan Clare
		 	Name: Aidan Clare
		 	Title:   Senior Vice President and Global Treasurer
		
	By	 	/s/ John Devlin
		 	Name: John Devlin
		 	Title:   Vice President, Global Treasury
	
	WBA FINANCIAL SERVICES LIMITED, as Borrower
		
	By	 	/s/ Aidan Clare
		 	Name: Aidan Clare
		 	Title:   Director
		
	By	 	/s/ Frank Standish
		 	Name: Frank Standish
		 	Title:   Director

 [Signature Page to Revolving Credit Agreement (HSBC)] 

 ADMINISTRATIVE AGENT: 

 

			
	 HSBC BANK PLC,
 as the
Administrative Agent

		
	By:	 	/s/ Deborah Kelly
	Name:	 	Deborah Kelly
	Title:	 	Associate Director

 LENDERS: 
  

			
	 HSBC BANK PLC,
 as a
Lender

		
	By:	 	/s/ Deborah Kelly
	Name:	 	Deborah Kelly
	Title:	 	Associate Director

 [Signature Page to Revolving Credit Agreement (HSBC)] 

 Schedule 2.01 

COMMITMENT SCHEDULE 
 TO
REVOLVING CREDIT AGREEMENT 
 [On File with Administrative Agent] 

 Schedule 3.05 

UK Treaty Lenders and UK Non-Bank Lenders 

UK Treaty Lenders wishing the DTTP Scheme to apply to this Agreement: 

 

					
	 Name of UK Treaty Lender
	  	 DTTP Scheme reference number
	  	 Jurisdiction of tax residence

Lenders designated as UK Non-Bank Lenders: 

 

	
	 Name of UK Non-Bank Lender

 Schedule 13.01 

CERTAIN ADDRESSES FOR NOTICES 
  

	1.	 Address of each Borrower: 

Aidan Clare; Senior Vice President and Global Treasurer 

108 Wilmot Road 
 Deerfield, IL
60015 
 Phone: (847) 315-3593 

Fax: (847) 315-3652 

Email: Aidan.Clare@wba.com 

With copies to: 
 John Devlin;
Vice President, Global Treasury 
 2, The Heights 

Brooklands 
 Weybridge, Surrey,
KT13 0NY, UK 
 Phone: +44 (0) 1932 871 731 

Email: John.Devlin@wba.com 

Marco Pagni; Executive Vice President, Global Chief Administrative Officer and General Counsel 

108 Wilmot Road 
 Deerfield, IL
60015 
 Phone: (847) 315-2665 

Fax: (847) 315-3652 

Email: Marco.Pagni@wba.com 

Gráinne Kelly; Vice President, Global Treasury 

108 Wilmot Road 
 Deerfield, IL
60015 
 Phone: (847) 315-2634 

Fax: (847) 315-3652 

Email: Grainne.Kelly@wba.com  

Global Treasury – Operations 

2 The Heights 
 Brooklands 

Weybridge 
 Surrey 

KT13 0NY 
 United Kingdom 

and 

Group.Treasury_Ops@wba.com 

	2.	 Address for the Administrative Agent: 

The Manager, Loans Admin Operations 

HSBC Bank plc, 
 28th Floor 

8 Canada Square 
 London, E14 5HQ

 Telephone number: +44 207 99 16223, 18293, 18296 

Fax number: +44 207 992 4680 

Group email address: Loanops.uklibor@hsbc.com 
  

	3.	 Wiring Instructions for the Administrative Agent: 

  

			
		
	 For payments in USD:
	 	
		
	 AGENT:
	 	 HSBC BANK USA, NY

	 ABA:
	 	 [     ]

	 SWIFT CODE:
	 	 [     ]

	 A/C No:
	 	 [     ]

	 FAVOUR:
	 	 [     ]

	 SWIFT CODE:
	 	 [     ]

	 REFERENCE:
	 	 [     ]

		
	
For Payments in EUR:            

	 	
		
	 INTERMEDIARY:
	 	 HSBC FRANCE S.A.

	 SWIFT CODE:
	 	 [     ]

	 A/C WITH BANK:
	 	 [     ]

	 SWIFT CODE:
	 	 [     ]

	 A/C No:
	 	 [     ]

	 FAVOUR:
	 	 [     ]

	 SWIFT CODE:
	 	 [     ]

	 REFERENCE:
	 	 [     ]

	 IMPORTANT:
	 	 [     ]

		
	 For payments in GBP:
	 	
		
	 Via CHAPS:
	 	 [     ]

	 SWIFT CODE:
	 	 [     ]

	 FAVOUR A/C:
	 	 [     ]

	 FAVOUR:
	 	 [     ]

	 REFERENCE:
	 	 [     ]

	 IBAN:
	 	 [     ]

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