Document:

EX-10.26

 Exhibit 10.26 
  

 
  

			
	 2006 Employee Equity Incentive Plan

Notice of Grant of Stock Options and Option Agreement
	 	 Synopsys, Inc.
 ID:
56-1546236
 700 East Middlefield Road

Mountain View, CA 94043

  
  

			
	 %%FIRST_NAME%-%

%%LAST_NAME%-%
 %%ADDRESS_LINE_1%-%

%%ADDRESS_LINE_2%-%
 %%CITY%-%, %%STATE%-%

%%ZIPCODE%-%
 %%COUNTRY%-%
	 	  
 Option Number:

%%OPTION_NUMBER%-%

ID:  %%EMPLOYEE_IDENTIFIER%-%

  

Effective %%OPTION_DATE%-%, Synopsys, Inc. (the “Company”) has granted you a Nonstatutory Stock Option (the
“Option”) under the 2006 Employee Equity Incentive Plan (the “Plan”) to buy %%TOTAL_SHARES_GRANTED%-% shares of the common stock of the Company (the “Common Stock”) at an exercise
price of %%OPTION_PRICE%-% per share. This Option is subject to all of the terms and conditions set forth in this Notice of Grant of Stock Options and Option Agreement (including any special terms and conditions for your country, if any, in
the Appendix hereto, the “Agreement”) and the Plan, which is incorporated by reference herein in its entirety. This Option is also subject to the Compensation Recovery Policy applicable to corporate staff, adopted by the
Company in December 2008, as amended from time to time (the “Compensation Recovery Policy”) and any required compensation recovery provisions under applicable laws or regulations. Capitalized terms not explicitly defined in
this Agreement but defined in the Plan shall have the same definitions as in the Plan. 
 This Option will vest, and may be exercised, in
whole or in part, in accordance with the following vesting schedule, subject to your Continuous Service with the Company or any Affiliate. 
  

							
	 Shares
	  	 Vest Type
	  	 Full Vest
	  	 Expiration

				
	%%SHARES_PERIOD1%-%	  	 On Vest

Date
	  	 %%VEST_DATE_PE

RIOD1%-%
	  	 %%EXPIRE_DATE

_PERIOD1%-%

				
	%%SHARES_PERIOD2%-%	  	  Quarterly  	  	 %%VEST_DATE_PE

RIOD2%-%
	  	 %%EXPIRE_DATE_

PERIOD2%-%

 1.      Exercise. 

(a)      Right to Exercise. This Option is exercisable during its term in
accordance with the vesting schedule set forth above and the applicable provisions of the Plan and this Agreement. In the event of your death, disability, or other cessation of Continuous Service, the exercisability of the Option is governed by the
applicable provisions of the Plan and this Agreement. This Option may not be exercised for a fraction of a Share. 

 (b)      Method of Exercise. You
must exercise your Option through your account with the Company’s designated broker, which as of the date hereof is E*Trade Securities LLC, unless you are an officer subject to the reporting requirements of Section 16(a) of the U.S.
Securities Exchange Act of 1934 (a “Section 16 Officer”). Using your account, you may select the grant to exercise, the number of shares to exercise, the type of exercise (subject to applicable provisions in the Appendix),
and, if applicable based on the type of exercise, the sales order for the shares issuable upon exercise. You may sell the Common Stock underlying the Option through your account or you may transfer the shares of Common Stock to your stockbroker
(except as provided in the Appendix). If you are a Section 16 Officer, you must exercise your Option in accordance with the Company’s Section 16 Officer and Director Trading Procedures. All Option exercises must be made in accordance
with the Company’s Insider Trading Policy. 
 (c)      Exercise by
Another. If another person wants to exercise this Option after it has been transferred to him or her in accordance with the transferability restrictions provided in the Plan, that person must prove to the Company’s satisfaction that he or
she is entitled to exercise this Option. That person must also pay the exercise price (as described below) and any applicable tax withholding due upon exercise of the Option (as described below). 

(d)      Method of Payment. Payment of the exercise price is due in full upon
exercise of all or any part of the Option. Payment of the exercise price may be made in cash or by check or in any other manner permitted in the Plan (except as provided in the Appendix). 

(e)      Termination. In the event of termination of your Continuous Service for
any reason other than Cause, you will be permitted to exercise the Option to the extent vested at the time of termination for ninety (90) days following your date of termination (except as provided in the Appendix); provided, however,
that if your termination is due to death or disability, or if you die within ninety (90) days following your termination without “Cause”, the post-termination exercise period is twelve (12) months (except as provided in the
Appendix); provided further that if your termination is for “Cause” as defined in the Plan, you shall not be permitted to exercise the Option in any respect. In each case, the date of the termination of your Continuous Service shall
be determined in accordance with Section 3(i) below. In addition, if your Option is not exercisable during the applicable post-termination exercise period solely because the shares of Common Stock issuable upon such exercise are not then
registered under the Securities Act and are not otherwise issuable under an exemption from the registration requirements of the Securities Act, this Option shall not expire until the earlier of the expiration date set forth above or until it shall
have been exercisable for an aggregate period of at least ninety (90) days after the termination of your Continuous Service. You are responsible for keeping track of these exercise periods following your termination of Continuous Service for
any reason. The Company will not provide further notice of such periods. 

2.      Responsibility for Taxes.    Except as otherwise
provided in the Appendix, the provisions of this Section 2 shall apply. You acknowledge that, regardless of any action the Company or your employer (if different from the Company) (the Company or your employer referred to hereinafter as the
“Employer”) takes with respect to any or all income tax, social insurance, payroll tax, fringe benefits tax, payment on account or other tax-related withholding related to your participation in the Plan and legally applicable
to you (“Tax-Related Items”), the ultimate liability for all Tax-Related Items is and remains your responsibility and may exceed the 

 
amount actually withheld by the Employer. You further acknowledge that the Employer (1) makes no representations or undertakings regarding the treatment of any Tax-Related Items in
connection with any aspect of the Option, including the grant, vesting or exercise of the Option, the subsequent sale of shares acquired pursuant to such exercise and the receipt of any dividends; and (2) does not commit to structure the terms
of the grant or any aspect of the Option to reduce or eliminate your liability for Tax-Related Items or achieve any particular tax result. In particular, you acknowledge that this Option is exempt from Section 409A of the U.S. Internal Revenue
Code only if the exercise price per share is at least equal to the “fair market value” per share of the Common Stock on the grant date and there is no other impermissible deferral of compensation associated with the Option. Further, if you
have become subject to tax in more than one jurisdiction between the date of grant and the date of any relevant taxable event or tax withholding event, as applicable, you acknowledge that the Employer (or former employer, as applicable) may be
required to withhold or account for Tax-Related Items in more than one jurisdiction. 
 Prior to exercise of the Option, you
shall pay or make adequate arrangements satisfactory to the Employer to satisfy all Tax-Related Items. In this regard, you authorize the Employer or its respective agents, at their discretion, to withhold all applicable Tax-Related Items from your
wages or other cash compensation paid to you by the Employer and/or from proceeds of the sale of the shares. Alternatively, or in addition, if permissible under local law, the Employer may, without your further consent, (1) sell or arrange for
the sale of shares that you acquire, to meet the withholding obligation for Tax-Related Items, either through a mandatory sale arranged by the Company (on your behalf pursuant to this authorization) or a voluntary sale (including permitting you to
enter into a “same day sale” commitment with a broker-dealer that is a member of the Financial Industry Regulatory Authority), and/or (2) withhold in shares of Common Stock issuable at exercise of the Option. Depending on the
withholding method, the Employer may withhold or account for Tax-Related Items by considering applicable minimum withholding rates or other applicable withholding rates, including maximum applicable rates, in which case you will receive a refund of
any over-withheld amount in cash and will have no entitlement to the share equivalent. If the obligation for the Tax-Related Items is satisfied by withholding in shares of Common Stock, then you will have no further rights, title or interests in or
to the number of shares of Common Stock that are held back solely for the purpose of paying the Tax-Related Items, and you are deemed to have been issued the full number of shares of Common Stock subject to the vested exercised Option. 

Finally, you shall pay to the Employer any amount of Tax-Related Items that the Employer may be required to withhold as a
result of your receipt or exercise of the Option and your sale of the shares obtained pursuant to any exercise of the Option that cannot be satisfied by the means previously described. The Employer may refuse to honor the exercise and refuse to
deliver the shares if you fail to comply with your obligations in connection with the Tax-Related Items as described in this section. 

 3.      Nature of
Grant.     In accepting the grant of the Option, you acknowledge, understand and agree that: 

(a)      the Plan is established voluntarily by the Company, is discretionary in nature,
and may be modified, amended, suspended or terminated by the Company as provided in the Plan; 

(b)      the grant of the Option and any other options or Awards under the Plan is
voluntary and occasional and does not create any contractual or other right to receive future grants of options, shares, Awards or any other benefit or compensation in lieu of future options, even if options have been granted in the past; 

(c)      all decisions with respect to future Awards, if any, will be at the sole
discretion of the Company; 
 (d)      your participation in the Plan shall not create
a right to employment or service or be interpreted as forming an employment or service contract with the Company, your employer (if different than the Company) or any Affiliate and shall not interfere with the ability of the Company, the employer or
any Affiliate to terminate your employment or service relationship at any time with or without cause; 

(e)      you are voluntarily participating in the Plan; 

(f)      the Option is an extraordinary item that does not constitute compensation of
any kind for services of any kind rendered to the Employer, and that is outside the scope of your employment or service contract, if any; 

(g)      the Option and the shares of Common Stock subject to the Option are not
intended to replace any pension rights or compensation; 
 (h)      the Option and any
income derived therefrom is not paid in lieu of any normal or expected compensation or salary for any purposes, including, but not limited to, calculating any severance, resignation, termination, redundancy, end of service payments, bonuses,
long-service awards, life or accident insurance benefits, pension or retirement benefits or similar payments; 

(i)      for purposes of the Option, your Continuous Service will be considered
terminated as of the date determined by the Company in its sole discretion; 

(j)      the future value of the shares underlying the Option is unknown and cannot be
predicted with certainty; 
 (k)      if the value of the underlying shares does not
exceed the exercise price upon exercise, the Option will have no value and if you exercise the Option, the value of the shares acquired upon exercise may increase or decrease in value, even below the exercise price; 

(l)      you understand that should you die owning shares of Common Stock or the Option,
such shares or the Option may subject your estate to United States federal estate taxes. You understand that you should seek your own tax advice regarding this potential tax; 

 (m)      you disclaim any entitlement to
compensation or damages arising from the termination of the Option, including as the result of termination of your employment or other service relationship with the Employer (for any reason whatsoever, whether or not later found to be invalid or in
breach of employment laws in the jurisdiction where you are employed or providing services or the terms of any employment or service agreement), or diminution in value of the shares of Common Stock, and in consideration of the grant of the Option to
which you are not otherwise entitled, you hereby agree not to bring any claim against the Company, the Employer and any Affiliate, irrevocably waive your ability, if any to bring such claim, and release the Company, the Employer and any Affiliate
from any such claim that may arise; 
 (n)      the Plan and the Agreement set forth
the entire understanding between you, the Company, the Employer, and any Affiliate thereof regarding the acquisition of the shares of Common Stock and supersedes all prior oral and written agreements pertaining to the Option; and 

(o)      the following provisions apply only if you are providing services outside the
United States: 
   (i)      the Option and the shares of Common Stock
subject to the Option, and the value and income of same, are not part of normal or expected compensation or salary for any purpose; and 

  (ii)      neither the Company, the Employer nor any Affiliate shall be
liable for any foreign exchange rate fluctuation between your local currency and the United States Dollar that may affect the value of the Option or of any amounts due to you pursuant to the exercise of the Option or the subsequent sale of any
shares of Common Stock acquired upon exercise. 
 4.      Data
Privacy.  You hereby explicitly, voluntarily and unambiguously consent to the collection, use and transfer, in electronic or other form, of your personal data as described in this Agreement by and among, as applicable, the
Company, the Employer and any Affiliate for the exclusive purpose of implementing, administering and managing your participation in the Plan. 

You understand that the Company and the Employer may hold certain personal information about you,
including, but not limited to, your name, home address and telephone number, date of birth, social insurance number or other identification number, salary, nationality, job title, any shares of stock or directorships held in the Company, details of
all options or any other entitlement to shares of stock awarded, canceled, exercised, vested, unvested or outstanding in your favor (the “Personal Data”), for the purpose of implementing, administering and managing the Plan. You understand
that Personal Data may be transferred to E*Trade Securities LLC or any other third parties assisting in the implementation, administration and management of the Plan, that these recipients may be located in the United States or elsewhere, and that
the recipient’s country may have different data privacy laws and protections than your country. You understand that you may request a list with the names and addresses of any potential recipients of the Personal Data by contacting your local
human resources representative. You authorize the recipients to receive, 

 
possess, use, retain and transfer the Personal Data, in electronic or other form, for the purposes of implementing, administering and managing your participation in the Plan, including any
requisite transfer of such Personal Data as may be required to a broker or other third party with whom you may elect to deposit any shares of stock acquired upon exercise of the Option. You understand that Personal Data will be held only as long as
is necessary to implement, administer and manage your participation in the Plan. You understand that you may, at any time, view the Personal Data, request additional information about the storage and processing of the Personal Data, require any
necessary amendments to the Personal Data or refuse or withdraw the consents herein, in any case without cost, by contacting in writing your local human resources representative. If you do not consent or later seek to revoke your consent, your
employment status or service or career with the Employer will not be adversely affected. You understand, however, that refusing or withdrawing your consent may affect your ability to hold the Option and participate in the Plan. For more information
on the consequences of your refusal to consent or withdrawal of consent, you understand that you may contact your local human resources representative. 

5.      Governing Law and Venue.  The Option is governed by, and subject
to, the laws of the State of Delaware without resort to that State’s conflict of laws rules. For purposes of litigating any dispute that arises directly or indirectly from the relationship of the parties evidenced by this grant or the
Agreement, the parties hereby submit to and consent to the sole and exclusive jurisdiction of the courts of the State of California and agree that such litigation shall be conducted only in the courts of Santa Clara, California, or the federal
courts for the United States for the Northern District of California. 

6.      Electronic Delivery.  The Company may, in its sole discretion,
decide to deliver any documents related to the Option granted hereunder or to participation in the Plan (or future options or other equity awards that may be granted under the Plan) by electronic means (including by filing documents publicly at
www.sec.gov or any successor website thereto) or to request your consent to participate in the Plan by electronic means. You hereby consent to receive such documents by electronic delivery and, if requested, agree to participate in the Plan through
an on-line or electronic system established and maintained by the Company or another third party designated by the Company. Electronic delivery may include the delivery of a link to a Company intranet or the internet site of a third party involved
in administering the Plan, the delivery of the document via e-mail or such other delivery determined at the Company’s discretion. You acknowledge that you may receive from the Company a paper copy of any documents delivered electronically at no
cost if you contact the Company by telephone, through a postal service or electronic mail. You further acknowledge that you will be provided with a paper copy of any documents delivered electronically if electronic delivery fails; similarly, you
understand that you must provide on request to the Company or any designated third party a paper copy of any documents delivered electronically if electronic delivery fails. Also, you understand that your consent may be revoked or changed, including
any change in the electronic mail address to which documents are delivered (if you have provided an electronic mail address), at any time by notifying the Company of such revised or revoked consent by telephone, postal service or electronic mail.

 7.      Severability.  The
provisions of this Agreement are severable and if any one or more provisions are determined to be illegal or otherwise unenforceable, in whole or in part, the remaining provisions shall nevertheless be binding and enforceable. 

8.      Restrictive Legends.    The Common Stock issued under
this Option shall be endorsed with appropriate legends, if any, determined by the Company. 

9.      Unsecured Obligation.    The Option is unfunded, and
even as to any vested portion, you shall be considered an unsecured creditor of the Company with respect to the Company’s obligation, if any, to issue Common Stock pursuant to this Agreement. You shall not have voting or any other rights as a
stockholder of the Company with respect to the Common Stock acquired pursuant to this Agreement until such Common Stock is issued. Upon such issuance, you will obtain full voting and other rights as a stockholder of the Company with respect to the
Common Stock so issued and held by you. Nothing contained in this Agreement, and no action taken pursuant to its provisions, shall create or be construed to create a trust of any kind or a fiduciary relationship between you and the Company or any
other person. 
 10.      Notices.  Any notices provided for herein or
in the Plan shall be given in writing to each of the other parties hereto and shall be deemed effectively given on the earlier of (i) the date of personal delivery, including delivery by express courier, (ii) the date that electronic
notice is sent by you or Shareholder Services (as applicable), in the case of notices provided by electronic means, or (iii) the date that is five (5) days after deposit in the United States Post Office (whether or not actually received by
the addressee), by registered or certified mail with postage and fees prepaid, addressed at the following addresses, or at such other address(es) as a party may designate by ten (10) days’ advance written notice to each of the other
parties hereto: 
  

			
	 COMPANY:
	  	Synopsys, Inc.
		  	Shareholder Services
		  	700 East Middlefield Road
		  	Mountain View, CA 94043
		  	United States of America
		
	 PARTICIPANT:
	  	Your address as on file with the Company at the time notice is given

 11.      Amendment.   This
Agreement may be amended solely by the Company by a writing (including in electronic form) which specifically states that it is amending this Agreement, so long as a copy of such amendment is delivered to you, and provided that no such amendment
impairing your rights hereunder may be made without your written consent. Without limiting the foregoing, the Company reserves the right to change, by written notice (including in electronic form), the provisions of this Agreement in any way it may
deem necessary or advisable to carry out the purpose of the grant as a result of any change in applicable laws or regulations or any future law, regulation, ruling, or judicial decision, provided that any such change shall be applicable only to
rights relating to that portion of the Award which is then subject to restrictions as provided herein. 

 12.      Governing Plan
Document.  This Option is subject to all the provisions of the Plan, the provisions of which are hereby made a part of this Agreement, and is further subject to all interpretations, amendments, rules and regulations which may from
time to time be promulgated and adopted pursuant to the Plan. In the event of any conflict between the provisions of this Agreement and those of the Plan, the provisions of the Plan shall control. The Company shall have the power to interpret the
Plan and this Agreement and to adopt such rules for the administration, interpretation, and application of the Plan as are consistent therewith and to interpret or revoke any such rules. All actions taken and all interpretations and determinations
made by the Board shall be final and binding upon you, the Company, and all other interested persons. No member of the Board shall be personally liable for any action, determination, or interpretation made in good faith with respect to the Plan or
this Agreement. 
 13.      Miscellaneous. 

  (a)      The rights and obligations of the Company under this Agreement
shall be transferable by the Company to any one or more persons or entities, and all covenants and agreements hereunder shall inure to the benefit of, and be enforceable by the Company’s successors and assigns. 

  (b)      All obligations of the Company under the Plan and this Agreement
shall be binding on any successor to the Company, whether the existence of such successor is the result of a direct or indirect purchase, merger, consolidation, or otherwise, of all or substantially all of the business and/or assets of the Company.

   (c)      You agree upon request to execute any further documents or
instruments necessary or desirable in the sole determination of the Company to carry out the purposes or intent of this Option. 

  (d)      You acknowledge and agree that you have reviewed this Agreement in
its entirety, have had an opportunity to obtain the advice of counsel prior to executing and accepting this Option and fully understand all provisions of this Option. 

  (e)      This Agreement shall be subject to all applicable laws, rules, and
regulations, and to such approvals by any governmental agencies or national securities exchanges as may be required. 

  (f)      The Company is not providing any tax, legal or financial advice,
nor is the Company making any recommendations regarding your participation in the Plan, or your acquisition or sale of the underlying shares of Common Stock. You are hereby advised to consult with your own personal tax, legal and financial advisors
regarding your participation in the Plan before taking any action related to the Plan. 

  (g)      If you have received this or any other document related to the Plan
translated into a language other than English and if the meaning of the translated version is different than the English version, the English version will control. 

  (h)      Notwithstanding any provisions in this Agreement, the Option shall
be subject to any special terms and conditions set forth in any Appendix to this Agreement for your 

 
country. Moreover, if you relocate to one of the countries included in the Appendix, the special terms and conditions for such country will apply to you, to the extent the Company determines that
the application of such terms and conditions is necessary or advisable in order to comply with local law or facilitate the administration of the Plan. The Appendix constitutes part of this Agreement. 

  (i)      The Company reserves the right to impose other requirements on your
participation in the Plan, on the Option and on any shares of Common Stock acquired under the Plan, to the extent the Company determines it is necessary or advisable in order to comply with local law or facilitate the administration of the Plan, and
to require you to sign any additional agreements or undertakings that may be necessary to accomplish the foregoing. 
 * * * * * * * * * * *
* * * * 
 Your signature below (or online acceptance, if applicable) indicates that you have read this Notice of Grant of Stock Options and
Option Agreement and agree to be bound by the terms and conditions of the Plan and this Agreement. You acknowledge receipt of, and understand and agree to, this Agreement, the Plan, the related Plan prospectus, the Compensation Recovery Policy (if
applicable to you), the Company’s Section 16 Officer and Director Trading Procedures (if applicable to you) and the Company’s Insider Trading Policy. You further acknowledge that as of the grant date, the Agreement and the Plan set
forth the entire understanding between the Company and you regarding the award of the Option and the underlying Common Stock and supersede all prior oral and written agreements on that subject with the exception of (i) Awards previously granted
and delivered to you under the Plan, and (ii) if applicable to you (A) the terms of any applicable Company change of control severance plan or provisions and (B) the Compensation Recovery Policy. 

* * * * * 
 Your signature below
or online acceptance (where permitted) indicates that you have read this Agreement (including any appendices hereto) and agree to be bound by the terms and conditions of the Plan and this Agreement. 

 

									
		 	  SYNOPSYS, INC.	 		 	  PARTICIPANT
				
	By:	 	

	 		 	
		 	  
	 		 	  

		 	  Brian E. Cabrera	 		 	  %%FIRST_NAME%-%
		 	  Title:    	 	General Counsel & Corporate Secretary	 		 	  %%LAST_NAME%-%
		 		 	Chief Ethics & Compliance Officer	 		 	  Date:                     
		 	  Date:	 	%%OPTION_DATE%-%                    	 		 	

 Appendix 

Synopsys, Inc. Notice of Grant of Stock Options and Option Agreement 

This Appendix, which is part of the Notice of Grant of Stock Options and Option Agreement, contains the additional terms and conditions of the
Option that will apply to Participants in the countries listed below. If you are a citizen or resident of a country other than the one in which the you are currently working, you transfer employment and/or residency to another country after the
Award is granted or you are considered a resident of another country for local law purposes, the Company shall, in its sole discretion, determine to what extent the terms and conditions included herein will apply under these circumstances.
Capitalized terms used but not defined herein shall have the same meanings assigned to them in the Plan and/or the Agreement. 
 All
Non-US Jurisdictions 
 Exercise, Including Upon Termination of Employment.  The following provision supplements
Section 1 of the Agreement: 
 Paying the exercise price by means of the surrender of other shares of Common Stock is prohibited and
not an available method of exercise. 
 Canada 

There are no country-specific terms or conditions. 

Finland 
 There are no
country-specific terms or conditions. 
 France 

Consent to Receive Information in English.  By accepting the Option, you confirm having read and understood the Plan
and Agreement, including all terms and conditions included therein, which were provided in the English language. You accept the terms of those documents accordingly. 

En acceptant cette Option, vous confirmez avoir lu et compris le Plan and le Contrat y relatifs, incluant leurs termes et conditions, qui
ont été transmis en langue anglaise. Vous acceptez les dispositions de ces documents en connaissance de cause. 

Germany 
 There are no
country-specific terms or conditions. 

 Hong Kong 

Securities Warning.    The Option and any shares of Common Stock issued at exercise of the Option do not
constitute a public offering of securities under Hong Kong law and are available only to employees and consultants of the Company and its Affiliates. The Agreement, including this Appendix, the Plan and other incidental communication materials have
not been prepared in accordance with and are not intended to constitute a “prospectus” for a public offering of securities under the applicable securities legislation in Hong Kong, nor have the documents been reviewed by any regulatory
authority in Hong Kong. The Option and any related documentation are intended only for your personal use and may not be distributed to any other person. If you are in any doubt about any of the contents of the Agreement, including this
Appendix, or the Plan, you should obtain independent professional advice. 
 Sale of Shares.  In the event the
Option vests within six months of the grant date, you agree that you will not sell any shares of Common Stock acquired upon exercise prior to the six-month anniversary of the grant date. 

Hungary 
 There are no
country-specific terms or conditions. 
 India 

Exercise, Including Upon Termination of Employment.  The following provision supplements Section 1 of the
Agreement: 
 Upon the exercise of the Option, any shares to be issued to you will be immediately sold in a same-day sale transaction. In no
case may you exercise and hold Common Stock following the exercise of the Option. You agree that the Company is authorized to instruct its designated broker to assist with the mandatory sale of such shares (on your behalf pursuant to this
authorization) and you expressly authorize the Company’s designated broker to complete the sale of such shares. You acknowledge that the Company’s designated broker is under no obligation to arrange for the sale of the shares at any
particular price. Upon the sale of the shares, the Company agrees to pay you the cash proceeds from the sale, less any brokerage fees or commissions and subject to any obligation to satisfy Tax-Related Items. 

Ireland 
 There are no
country-specific terms or conditions. 
 Israel 

Exercise, Including Upon Termination of Employment.  The following provision supplements Section 1 of the
Agreement: 
 To ensure compliance by the Employer with local tax laws, any shares issued to you at exercise of the Option will be deposited
into your captive brokerage account at the Company’s designated broker and must be maintained in that account until such shares are sold. 

 Securities Law Exemption.    An exemption from the requirement
to file a prospectus with respect to the Plan has been granted to the Company by the Israeli Securities Authority. Copies of the Plan and Form S-8 registration statement for the Plan file with the United States Securities and Exchange Commission are
available free of charge upon request at your local HR department. 
 Italy 

Data Privacy.  The following provision replaces Section 4 of the Agreement: 

You hereby acknowledge that your personal data is collected, used, processed and transferred outside of the European Union, as described
in this Agreement by and among, as applicable, the Employer, the Company and any Affiliate for the exclusive purpose of implementing, administering and managing your participation in the Plan. You understand that the Employer and/or the Company hold
certain personal information about you, including, but not limited to, your name, home address and telephone number, date of birth, national insurance number or other identification number, salary, nationality, job title, any shares of Common Stock
or directorships held in the Company, details of all Options or other entitlement to shares of Common Stock awarded, canceled, exercised, vested, unvested or outstanding in your favor, for the purpose of implementing, administering and managing
the Plan (“Data”). 
 You are aware that providing the Company with the Data is necessary for the performance of
this Agreement and that your refusal to provide the Data would make it impossible for the Company to perform its contractual obligations and may impact your ability to exercise or realize benefits from the Option. Your Data shall be accessible
within the Company’s organization only by the persons specifically charged with Data-processing operations and by the persons that need to access the Data because of their duties and position in relation to the performance of the contract. The
Controller of personal data-processing is the Company, with registered offices at 700 East Middlefield Road, Mountain View, CA 94043, U.S.A., and, pursuant to Legislative Decree no. 196/2003, its representative in Italy is Synopsys Italia S.r.l.
with registered offices at Centro Direzionale Colleoni, Viale Colleoni 11 - Palazzo Sirio 3, 20041 Agrate Brianza (MI), Italy. 

You understand that Data will be transferred to E*Trade Securities LLC and/or to such other stock plan service provider as may be
selected by the Company, which are assisting the Company with the implementation, administration and management of the Plan and that Data may be transferred to certain other third parties assisting in the implementation, administration and
management of the Plan, including any requisite transfer of such Data as may be required to a broker or other third party with whom you may elect to deposit any shares of Common Stock acquired upon exercise of the Option. You understand that these
recipients, which may receive, possess, use, retain and transfer such Data for the above-mentioned purposes, may be located in the United States, or elsewhere, including outside of the European Economic Area, and that the recipient’s country
may have different data privacy laws and protections than your country. The processing activity, including transfer of Data abroad, including outside of the European Economic Area, as herein specified and pursuant to applicable laws and regulations,
does not require your consent thereto as the processing is necessary to performance of contractual obligations related to the implementation, administration and management of the Plan. 

 You understand that Data-processing relating to the purposes above specified shall take
place under automated or non-automated conditions, anonymously when possible, that comply with the purposes for which Data is collected and with confidentiality and security provisions as set forth by applicable laws and regulations, with specific
reference to Legislative Decree no. 196/2003. You understand that Data will be held only as long as is required by the law or is necessary to implement, administer and manage your participation in the Plan. You understand that, pursuant to Article 7
of Legislative Decree No. 196/2003, you have the right, without limitation, to access, delete, update, request the rectification of your Data and cease, for legitimate reasons, the Data-processing. Furthermore, you are aware that the Data will
not be used for direct marketing purposes. In addition, the Data provided can be reviewed and questions or complaints can be addressed by contacting your local HR representative. 

Japan 
 There are no
country-specific terms or conditions. 
 Korea 

There are no country-specific terms or conditions. 

Netherlands 
 There are no
country-specific terms or conditions. 
 People’s Republic of China 

Exercise, Including Upon Termination of Employment.  The following provision supplements Section 1 of the
Agreement: 
 Notwithstanding the specified twelve (12) month period for exercising the Option following death or disability, in no
event may the Option be exercised more than six (6) months following termination of your Continuous Service. 
 Due to local
requirements, upon the exercise of the Option, any shares to be issued to you will be immediately sold in a same-day sale transaction. In no case may you exercise and hold Common Stock following the exercise of the Option. You agree that the Company
is authorized to instruct its designated broker to assist with the mandatory sale of such shares (on your behalf pursuant to this authorization) and you expressly authorize the Company’s designated broker to complete the sale of such shares.
You acknowledge that the Company’s designated broker is under no obligation to arrange for the sale of the shares at any particular price. Upon the sale of the shares, the Company agrees to pay you the cash proceeds from the sale, less any
brokerage fees or commissions and subject to any obligation to satisfy Tax-Related Items. 
 In addition, you understand and agree that,
pursuant to local exchange control requirements, you will be required to repatriate the cash proceeds from the immediate sale of the shares issued upon 

 
the exercise of the Option to the PRC if you are a PRC national or are otherwise determined to be subject to the requirements imposed by the State Administration of Foreign Exchange as determined
by the Company. You further understand that, under local law, the sale proceeds will need to be repatriated through a special exchange control account established by an Affiliate in the PRC and you hereby consent and agree that any proceeds from the
sale may be transferred to such special account prior to being delivered to you. You further agree to comply with any other requirements that may be imposed by the Company in the future in order to facilitate compliance with exchange control
requirements in the PRC. 
 You further understand and agree that the Company may distribute the proceeds of the sale of shares either in
U.S. dollars or in local currency. If the proceeds are distributed in local currency, the Company is under no obligation to secure any particular exchange conversion rate and there will be delays in converting the cash proceeds to local currency due
to exchange control restrictions. You agree to bear any currency fluctuation risk between the time the shares are sold and the time the cash proceeds are distributed to you through the special account described above. 

Singapore 
 There are no
country-specific terms or conditions. 
 Sweden 

There are no country-specific terms or conditions. 

Switzerland 
 There are no
country-specific terms or conditions. 
 Taiwan 

There are no country-specific terms or conditions. 

United Kingdom 

Responsibility for Taxes.  The following provision supplements Section 2 of the Agreement: 

If you do not pay or the Company or the Employer does not withhold from you the full amount of any income tax that you owe within ninety
(90) days of the event giving rise to the Tax-Related Items (the “Due Date”) or such other period specified in Section 222(1)(c) of the U.K. Income Tax (Earnings and Pensions) Act 2003, the amount of any uncollected
income tax will constitute a loan owed by you to the Employer, effective on the Due Date. You agree that the loan will bear interest at the then-current official rate of Her Majesty’s Revenue and Customs (“HMRC”), it
will be immediately due and repayable, and the Company or the Employer may recover it at any time thereafter by any of the means referred to in Section 2 of the Agreement. Notwithstanding the foregoing, if you are a director or executive
officer of the Company (within the meaning of Section 13(k) of the U.S. Securities and Exchange Act of 1934, as amended), you will not be eligible for such a loan to cover the income tax. In the event that you are a director or

 
executive officer and the income tax is not collected from or paid by you by the Due Date, the amount of any uncollected income tax will constitute a benefit to you on which additional income tax
and national insurance contributions (including the Employer’s Liability, as defined below) may be payable. You will be responsible for reporting and paying any income tax due on this additional benefit directly to HMRC under the
self-assessment regime and for reimbursing the Company or the Employer, as applicable, for the value of any employee national insurance contributions due on this additional benefit, which the Company or the Employer may recover at any time
thereafter by any of the means in Section 2 of the Agreement. 
 As a condition of participation in the Plan, you agree to accept any
liability for secondary Class 1 national insurance contributions (the “Employer’s Liability”) which may be payable by the Company and/or the Employer in connection with the Option and any event giving rise to Tax-Related
Items. Without prejudice to the foregoing, you agree to execute a joint election with the Company (the “Joint Election”) prior to exercising the Option, the form of such Joint Election being formally approved by HMRC and
attached hereto as Exhibit A, and any other consent or elections required to accomplish the transfer of the Employer’s Liability to you. You further agree to execute such other joint elections as may be required between yourself and any
successor to the Company and/or the Employer. You further agree that the Company and/or the Employer may collect the Employer’s Liability by any of the means set forth in Section 2 of the Agreement. 

If you do not enter into a Joint Election prior to exercising the Option, if approval of the Joint Election has been withdrawn by HMRC or if
such Joint Election is jointly revoked by you and the Company or the Employer, as applicable, this Option shall, at the discretion of the Company, without any liability to the Company or the Employer, not be exercisable and/or the Company may choose
not to issue or deliver any shares upon exercise of the Option. 

 Exhibit A 

(UK Participants) 

PLEASE READ THE FOLLOWING IN ITS ENTIRETY 

BEFORE ACCEPTING YOUR AWARD 

SYNOPSYS, INC. 
 2006
EMPLOYEE EQUITY INCENTIVE PLAN 
  

Important Note on the Joint Election to Transfer 

Employer National Insurance Contributions 

As a condition of your participation in the 2006 Employee Equity Incentive Plan, you are required to enter into a joint election to transfer
to you any liability for employer’s national insurance contributions (the “Employer’s Liability”) that may arise in connection with your award of stock options and/or restricted stock units (together, the
“Awards”), or in connection with future Awards that may be granted to you by Synopsys, Inc. (the “Company”) under its 2006 Employee Equity Incentive Plan (the “Joint Election”).

 If you do not agree to enter into the Joint Election, the Awards will be worthless, you will not be able to exercise the options or vest
in the restricted stock units, or receive any benefit in connection with the Awards, as set forth in your Award Agreement. 
 By entering
into the Joint Election: 
  

	 	—	 	 you agree that any Employer’s Liability that may arise in connection with or pursuant to the exercise or vesting of the Award, as applicable
(and the acquisition of shares of the Company’s common stock) or other taxable events in connection with the Award will be transferred to you; and 

  

	 	—	 	 you authorise the Company and/or your employer to recover an amount sufficient to cover this liability by any method set forth in the relevant
Award Agreement and/or the Joint Election. 

 Indicating your acceptance of the Option Agreement and/or Restricted
Stock Unit Award Agreement, as applicable, indicates your agreement to be bound by the terms of the Joint Election. 
 Please read the
terms of the Joint Election carefully before accepting the Option 
 Agreement and/or the Restricted Stock Unit Award Agreement and the
Joint Election. 
 PLEASE PRINT AND KEEP A COPY OF THIS ELECTION FOR YOUR RECORDS 

 SYNOPSYS , INC. 

2006 EMPLOYEE EQUITY INCENTIVE PLAN 

(UK Participants) 

FORM OF ELECTION TO TRANSFER THE EMPLOYER’S SECONDARY 

CLASS 1 NATIONAL INSURANCE LIABILITY TO THE EMPLOYEE 
  

	1.	 Parties 

This Election is between: 
  

	 	(A)	 You, the individual who has obtained access to this Election (the “Participant”), who is employed by one of the employing companies
listed in the attached schedule (the “Employer”) and who is eligible to receive stock options (“Options”) and/or restricted stock units (“RSUs”) (each an “Award” and together, the “Awards”) pursuant
to the terms and conditions of the Synopsys, Inc. 2006 Employee Equity Incentive Plan (the “Plan”), and 

  

	 	(B)	 Synopsys, Inc. of 700 East Middlefield Road, Mountain View, California 94043, United States (the “Company”), which may grant Awards under
the Plan and is entering this Election on behalf of the Employer. 

  

	2.	 Purpose of Election 

  

	2.1.	 This Election relates to the Employer’s secondary Class 1 National Insurance Contributions (the “Employer’s Liability”) which
may arise on the occurrence of a “Taxable Event” which gives rise to relevant employment income within section 4(4)(a) and/or paragraph 3B(1A) of Schedule 1 of the Social Security Contributions and Benefits Act 1992 (“SSCBA”),
including but not limited to: 

  

	 	(i)	 the acquisition of securities pursuant to the Awards (pursuant to section 477(3)(a) ITEPA); and/or 

 

	 	(ii)	 the assignment or release of the Awards in return for consideration (pursuant to section 477(3)(b) ITEPA); and/or 

 

	 	(iii)	 the receipt of any other benefit in connection with the Awards other than a benefit within (i) or (ii) above (pursuant to section
477(3)(c) ITEPA); and/or 

  

	 	(iv)	 post-acquisition events relating to the Awards or the securities acquired pursuant to the Awards (within section 426 ITEPA); and/or

  

	 	(v)	 post-acquisition events relating to the Awards or the securities acquired pursuant to the Awards (within section 438 ITEPA). 

In this Election, ITEPA means the Income Tax (Earnings and Pensions) Act 2003. 

	2.2.	 This Election is made in accordance with paragraph 3B(1) of Schedule 1 to SSCBA. 

 

	2.3.	 This Election applies to all Awards granted to the Participant under the Plan on or after May 22, 2009 up to the termination date of the Plan.

  

	2.4.	 This Election does not apply in relation to any liability, or any part of any liability, arising as a result of regulations being given
retrospective effect by virtue of section 4B(2) of either the SSCBA, or the Social Security Contributions and Benefits (Northern Ireland) Act 1992. 

  

	2.5.	 This Election will not apply to the extent that it relates to relevant employment income which is employment income of the earner by virtue of
Chapter 3A of Part 7 of ITEPA (employment income: securities with artificially depressed market value). 

  

	3.	 The Election 

The Participant and the Company jointly elect that the entire liability of the Employer to pay the Employer’s Liability
on the Taxable Event is hereby transferred to the Participant. The Participant understands that by electronically accepting this Election, he or she will become personally liable for the Employer’s Liability covered by this Election. 

 

	4.	 Payment of the Employer’s Liability 

  

	4.1.	 The Participant and the Company acknowledge that the Employer is under a duty to remit the Employer’s Liability to HM Revenue and Customs on
behalf of the Participant within 14 days after the end of the UK tax month during which the Taxable Event occurs, or such other period of time, as prescribed. The Participant agrees to pay to the Company and/or the Employer the Employer’s
Liability on demand, at any time on or after the Taxable Event and hereby authorises the Company and/or the Employer to account for the Employer’s Liability to HM Revenue and Customs. 

 

	4.2.	 Without limitation to Clause 4.1 above, the Participant hereby authorises the Company and/or the Employer to collect the Employer’s Liability
from the Participant at any time after the Taxable Event: 

  

	 	(i)	 by deduction from salary or any other payment payable to the Participant at any time on or after the date of the Taxable Event; and/or

  

	 	(ii)	 directly from the Participant by payment in cash or cleared funds; and/or 

 

	 	(iii)	 by arranging, on behalf of the Participant, for the sale of some of the securities which the Participant is entitled to receive in respect of the
Awards; and/or 

  

	 	(iv)	 through any other method as set forth in the relevant Award agreement entered into between the Participant and the Company. 

	4.3.	 The Company hereby reserves for itself and the Employer the right to withhold the transfer of any securities to the Participant until full payment
of the Employer’s Liability is collected from the Participant. 

  

	5.	 Duration of Election 

  

	5.1.	 The Participant and the Company agree to be bound by the terms of this Election regardless of whether the Participant is transferred abroad or is
not employed by the Employer on the date on which the Employer’s Liability becomes due. Any reference to the Company, the Employer and/or the Participant shall include that entity’s successors in title and assigns as permitted in
accordance with the terms of the Plan and Award agreement. 

  

	5.2.	 This Election will continue in effect until the earliest of the following: 

 

	 	(i)	 such time as both the Participant and the Company agree in writing that it should cease to have effect; 

 

	 	(ii)	 on the date the Company serves written notice on the Participant terminating its effect; 

 

	 	(iii)	 on the date HM Revenue and Customs withdraws approval of this Election; or 

 

	 	(iv)	 on the date the Election ceases to have effect in accordance with its terms in respect of any outstanding Awards granted under the Plan.

 Acceptance by THE PARTICIPANT 

The Participant acknowledges that by clicking on the “I accept” button where indicated and from that date, the Participant agrees
to be bound by the terms of this Election as stated above. 

 Acceptance by THE COMPANY 

The Company acknowledges that by arranging for the scanned signature of an authorised representative to appear on this Election, the
Company agrees to be bound by the terms of this Election as stated above. 
  

	
	

	  

	Synopsys, Inc.
	
	 Brian E. Cabrera
 General Counsel &
Corporate Secretary
 Chief Ethics & Compliance Officer

 SCHEDULE TO FORM OF ELECTION – EMPLOYING COMPANIES 

   The employing companies to which this Election relates are: 

 

	 	 (1)	 Synopsys (Northern Europe) Limited 

  

			
	Registered Office:	 	 100 Brook Drive

Green Park, Reading
 RG2 6UJ

United Kingdom

	Company Registration Number:	 	2642054
	Corporation Tax District:	 	Oxon and Bucks Area
	Corporation Tax Reference:	 	402 56090 10710
	PAYE District:	 	East Hampshire and Wight Area
	PAYE Reference:	 	581/S3033EX-10.1

 Exhibit 10.1 

LENDER JOINDER AGREEMENT 
 Dated
as of December 16, 2013 
 among 

MARINA DISTRICT FINANCE COMPANY, INC., 

as the Borrower, 
 MARINA DISTRICT
DEVELOPMENT COMPANY, LLC, 
 as the Guarantor, 

WELLS FARGO BANK, NATIONAL ASSOCIATION, 

as Administrative Agent, 
 and 

the Lenders Party Hereto 
 DEUTSCHE
BANK SECURITIES INC., 
 WELLS FARGO SECURITIES, LLC, 

BANK OF AMERICA MERRILL LYNCH, 

CREDIT SUISSE SECURITIES (USA) LLC, 

and 
 NOMURA SECURITIES
INTERNATIONAL, INC. 
 as Joint Lead Arrangers and Joint Bookrunners 

 LENDER JOINDER AGREEMENT 

December 16, 2013 
  

	To:	Marina District Finance Company, Inc. 

 Marina District Development Company, LLC 

One Borgata Way 
 Atlantic City,
NJ 08401 
 Attention: Josh Hirsberg 
  

	To:	Wells Fargo Bank, National Association, 

 as the Administrative Agent 

333 S. Grand Avenue, 12th Floor 

Los Angeles, CA 90071 
 Attention:
Donald Schubert 
 Gentlemen and Ladies: 
 We
refer to the Amended and Restated Credit Agreement, dated as of July 24, 2013 (together with all amendments and other modifications, if any, from time to time thereafter made thereto, the “Credit Agreement”), among Marina
District Finance Company, Inc., a New Jersey corporation (the “Borrower”), Marina District Development Company, LLC, a New Jersey limited liability company (“MDDC”), the various financial institutions (the
“Lenders”) as are, or shall from time to time become, parties thereto, and Wells Fargo Bank, National Association as administrative agent (the “Administrative Agent”) for the Lenders and as L/C Issuer and Swing Line
Lender. Unless otherwise defined herein or the context otherwise requires, terms used herein have the meanings provided in the Credit Agreement. 

1. Incremental Term Facility. Pursuant to Section 2.17 of the Credit Agreement, the Borrower has requested a term loan facility
(the “Incremental Term Facility”) in the aggregate principal amount of $380,000,000 and the Lenders party hereto (the “Incremental Term Lenders”) are willing to provide such Incremental Term Facility pursuant to the
terms of this joinder (this “Agreement”). This Agreement will be an “Incremental Term Facility Joinder”, the Incremental Term Facility will be an “Incremental Term Facility” and the loans made thereunder (the
“Incremental Term Loans”) will be “Term Loans” for purposes of, and as defined in, the Credit Agreement and will be subject to all terms and conditions of the Credit Agreement. 

2. Incremental Term Commitments. Each Incremental Term Lender hereby agrees, subject to satisfaction of the conditions precedent set
forth in Section 4.02 of the Credit Agreement and in Section 3 below, to make an Incremental Term Loan to the Borrower on the Incremental Term Facility Effective Date (as defined below) in the amount (such Lender’s
“Incremental Term Commitment”) set forth opposite such Incremental Term Lender’s name on Schedule I attached hereto; provided, however, that the Incremental Term Lenders and the Borrower hereby agree that the
Incremental Term Loan shall be funded with 1.00% of original issue discount. Each Incremental Term Lender hereby acknowledges and confirms that it has received a copy of the Credit Agreement (including the schedules and exhibits thereto) and each

  
 2 

 
other Loan Document. Each Incremental Term Lender acknowledges that it has made its own independent investigation and credit evaluation of the Borrower in connection with entering into this
Agreement. 
 3. Conditions Precedent. This Agreement and the obligation of the Incremental Term Lenders to make the Incremental Term
Loans shall become effective on the date (the “Incremental Term Facility Effective Date”) that the Borrower has delivered to the Administrative Agent: 

(a) a Term Note executed by the Borrower and dated the Incremental Term Facility Effective Date in favor of each Incremental
Term Lender requesting a Term Note; 
 (b) a certificate of a Responsible Officer of the Borrower certifying that
(i) before and after giving effect to the making of the Incremental Term Loans no Default or Event of Default shall exist and (ii) the representations and warranties contained in Article V of the Credit Agreement and in the other Loan
Documents are true and correct on and as of the Incremental Term Facility Effective Date, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they are true and correct as of such earlier
date, and except that the representations and warranties contained in subsections (a) and (b) of Section 5.05 of the Credit Agreement shall be deemed to refer to the most recent statements furnished pursuant to subsections
(a) and (b), respectively, of Section 6.01 of the Credit Agreement; 
 (c) an Additional First Lien Joinder
Agreement with respect to the Incremental Term Facility, dated on or prior to the Incremental Term Facility Effective Date, duly executed by the Administrative Agent, in its capacity as Authorized Representative for the Incremental Term Facility,
the Collateral Agent and the Administrative Agent, in its capacity as Authorized Representative for the Revolving Credit Facility; 

(d) evidence in form and substance reasonably satisfactory to the Administrative Agent that the net proceeds of the Incremental
Term Facility will be applied as required by the Credit Agreement; 
 (e) endorsements to the title insurance policy of the
type referred to in subsection (v) of Section 4.01(a) of the Credit Agreement in form and substance reasonably satisfactory to the Administrative Agent; and 

(f) the Borrower shall have paid all fees and expenses required to be paid on the Incremental Term Facility Effective Date.

 4. Interest. Subject to the provisions of Section 2.08(b) of the Credit Agreement, (i) at any time and to the extent
that the Incremental Term Loans are Eurodollar Rate Loans, the Incremental Term Loans shall bear interest on the outstanding principal amount thereof for each Interest Period at a rate per annum equal to the Effective Eurodollar Rate (as defined
below) for such Interest Period plus the Term Loan Applicable Rate and (ii) at any time and to the extent that the Incremental Term Loans are Base Rate Loans, the Incremental Term Loans shall bear

  
 3 

 
interest on the outstanding principal amount thereof at a rate per annum equal to the Base Rate for such Interest Period plus the Term Loan Applicable Rate; provided, that for
purposes of calculating the Base Rate in connection with the Incremental Term Loans, clause (b) of the definition of “Base Rate” shall be deemed to refer to the Effective Eurodollar Rate. 

“Effective Eurodollar Rate” means, for any Interest Period with respect to any Incremental Term Loan, the greater of
(x) the Eurodollar Rate in effect for such Interest Period and (y) 1.00%. 
 “Term Loan Applicable Rate” means,
with respect to the Incremental Term Loans governed hereby, (a) in the case of Eurodollar Loans, (i) at any time that the Total Leverage Ratio is 5.00 to 1.0 or greater, 5.75%, and (ii) at any time that the Total Leverage Ratio is
less than 5.00 to 1.0, 5.50%, and (b) in the case of Base Rate Loans, (i) at any time that the Total Leverage Ratio is 5.00 to 1.0 or greater, 4.75%, and (ii) at any time that the Total Leverage Ratio is less than 5.00 to 1.0, 4.50%.

 Any increase or decrease in the Term Loan Applicable Rate resulting from a change in the Total Leverage Ratio shall become effective as
of the first Business Day immediately following the date a Compliance Certificate is delivered pursuant to Section 6.02(b) of the Credit Agreement in the case of the first three fiscal quarters of any fiscal year and immediately following the
date a certification of the Total Leverage Ratio is delivered pursuant to Section 6.02(c) of the Credit Agreement in the case of the final quarter of any fiscal year; provided, however, that if a Compliance Certificate is not delivered
when due in accordance with Section 6.02(b) of the Credit Agreement or a certification of Total Leverage Ratio is not delivered when due in accordance with Section 6.02(c) of the Credit Agreement, then the Term Loan Applicable Rate shall
be the rate referred to in clause (a)(i) or (b)(i) of the definition thereof as of the first Business Day after the date on which such Compliance Certificate was required to have been delivered and shall continue to apply until the first Business
Day after the date such certificate is delivered. 
 Notwithstanding the foregoing, in the event that the Effective Yield for any Term
Facility under the Credit Agreement (other than the Incremental Term Facility governed hereby), as determined by the Administrative Agent, is higher than the Effective Yield for the Incremental Term Facility governed hereby, as determined by the
Administrative Agent, by more than 50 basis points, then the interest rates referred to above shall be increased to the extent necessary so that the Effective Yield for the Incremental Term Facility governed hereby, as determined by the
Administrative Agent, is equal to the Effective Yield for such other Term Facility minus 50 basis points. If necessary, this Agreement shall be amended, in form and substance reasonably satisfactory to the Administrative Agent and the
Borrower, to reflect such increase in interest rate. 
 5. Repayment of Incremental Term Loans. 

(a) The Borrower shall make repayments of the Incremental Term Loans on or before the last Business Day of each fiscal quarter
of the Borrower commencing with the fiscal quarter of the Borrower ending March 31, 2014 in an amount equal to the Amortization Percentage times the aggregate principal amount of the Incremental Term Loans made on the Incremental Term Facility
Effective Date. 

  
 4 

 “Amortization Percentage” means 0.25%; provided, however,
that in the event that the Borrower incurs any Term Facility or other term Indebtedness (collectively, any “Other Term Facility”) after the date hereof that requires amortization payments (excluding any excess cash flow payments) in
excess of 1.0% of the initial principal amount thereof in any year prior to the scheduled Maturity Date of the Incremental Term Facility governed hereby, in any year in which such Other Term Facility requires amortization payments (excluding any
excess cash flow payments) in excess of 1.0% of the initial principal amount of the Other Term Facility, the Amortization Percentage shall be increased to an amount equal to the percentage of such initial principal amount required in such year by
the terms of such Other Term Facility divided by four. 
 (b) The Borrower shall repay the outstanding principal
amount of all Incremental Term Loans on August 15, 2018, which date shall be the Maturity Date for the Incremental Term Facility governed hereby; provided, however, that in the event that the Borrower incurs any Other Term Facility after
the date hereof that has a maturity date on or prior to August 15, 2018, the Maturity Date with respect to the Incremental Term Facility governed hereby shall be the date that is 90 days prior to the earlier of August 15, 2018 and the
maturity date for any such Other Term Facility, unless on or before the date that is 90 days prior to the maturity date for such Other Term Facility, the Borrower shall have (i) repaid such Other Term Facility, (ii) refinanced such Other
Term Facility in full or in part by term indebtedness that has a maturity date on or after August 15, 2018, and/or (iii) obtained an extension of the maturity date with respect to all or a portion of such Other Term Facility to a date that
is on or after August 15, 2018, in each case, such that after giving effect to such repayment, refinancing and/or extension, not more than 20% of the original principal amount of all Other Term Facilities remains outstanding with a maturity
date prior to August 15, 2018. 
 6. Mandatory Prepayments. Subject to the Intercreditor Agreement, in addition to the mandatory
prepayments required pursuant to Section 2.07 of the Credit Agreement: 
 (a) Beginning with the fiscal year ending
December 31, 2014, within five Business Days after the delivery of each Compliance Certificate pursuant to Section 6.02(b) of the Credit Agreement that relates to financial statements delivered pursuant to Section 6.01(a) of the
Credit Agreement, the Borrower shall prepay an aggregate principal amount of Incremental Term Loans equal to the lesser of: 

(i) the Applicable ECF Percentage of Excess Cash Flow for the fiscal year covered by such financial statements (the
“ECF Prepayment Amount”), minus the aggregate amount of voluntary prepayments of Incremental Term Loans made during such fiscal year (without duplication of any voluntary prepayments of Term Loans deducted from the Excess Cash Flow
payment for the prior fiscal year) and since January 1 of the current fiscal year pursuant to Section 2.05(a) of the Credit Agreement; and 

  
 5 

 (ii) if the lenders under any Other Term Facility require any mandatory
prepayment in connection with excess cash flow, an amount equal to (A) the ECF Prepayment Amount times (B) (1) the aggregate outstanding principal amount of such Incremental Term Loans governed hereby divided by
(2) the sum of the aggregate outstanding principal amount of the Incremental Term Loans governed hereby, such Other Term Facility and any other Other Term Facility which requires a mandatory prepayment of excess cash flow, and the remaining
amount of the ECF Prepayment Amount shall be used to repay the Other Term Facilities which require mandatory prepayment in connection with excess cash flow. 

“Applicable ECF Percentage” means (a) if the Total Leverage Ratio as of the end of the fiscal year
covered by such financial statements is more than 3.75 to 1.0, 50%, (b) if the Total Leverage Ratio as of the end of the fiscal year covered by such financial statements is more than 3.00 to 1.0 but less than or equal to 3.75 to 1.0, 25%, and
(c) if the Total Leverage Ratio as of the end of the fiscal year covered by such financial statements is less than or equal to 3.00 to 1.0, 0%. 

“ECF Consolidated EBITDA” means, for any period, the Credit Parties and their Subsidiaries’ consolidated
income before distributions plus (or minus), in each case, to the extent deducted (or added) in determining consolidated income, depreciation, amortization, interest expense, income tax expense and pre-opening
expenses, plus any extraordinary losses and minus any extraordinary gains, plus any non-recurring non-cash losses (or minus any non-recurring non-cash gains), plus any non-cash charges related to fair value adjustments, minus any non-cash gains
related to fair value adjustments, and plus any losses, charges or expenses resulting from any donations made by the Credit Parties relating to the Casino Reinvestment Development Authority, all as determined in accordance with GAAP. 

“Excess Cash Flow” means, for any fiscal year of the Credit Parties (a) ECF Consolidated EBITDA (as
defined above) for such fiscal year less (b) the sum of (i) consolidated interest expense (as defined in GAAP) actually paid in cash by the Credit Parties and their Subsidiaries during such fiscal year, plus (ii) scheduled and
mandatory principal repayments of Loans that are Term Loans made during such fiscal year pursuant to Section 2.07(e) of the Credit Agreement, plus (iii) income taxes actually paid in cash by the Credit Parties and their Subsidiaries during
such fiscal year, plus (iv) without duplication of the amount described in clause (iii), the Tax Amount for such fiscal year, plus (v) pre-opening expenses paid by the Credit Parties and their Subsidiaries in cash during such fiscal year,
plus (vi) capital expenditures actually made in cash by the Credit Parties and their Subsidiaries in such fiscal year to the extent permitted under the Loan Documents, plus (vii) without duplication, any accrued property tax refunds of the
Credit Parties and their Subsidiaries during such fiscal year, minus (viii) without duplication, any property tax refunds received in cash or applied as a credit to property taxes otherwise payable by the Credit Parties and their Subsidiaries
during such fiscal year. 

  
 6 

 (b) Within five Business Days after the receipt by the Borrower or any other
Credit Party of any cash in settlement of any disputed property tax assessment, if the Total Leverage Ratio was greater than 4.50 to 1.0 as of the most recently ended fiscal quarter of MDDC, the Borrower shall prepay an aggregate principal amount of
the Incremental Term Loans governed hereby in an amount equal to the lesser of: 
 (i) the net cash proceeds received by such
Credit Party in connection therewith; and 
 (ii) to the extent that the lenders under any Other Term Facility require any
mandatory prepayment in connection with the receipt of such proceeds, an amount equal to (A) the aggregate amount of such net cash proceeds times (B) (1) the aggregate outstanding principal amount of the Incremental Term Loans
governed hereby divided by (2) the sum of the aggregate outstanding principal amount of the Incremental Term Loan governed hereby, such Other Term Facility and any other Other Term Facility which requires a mandatory prepayment in
connection with the receipt of such proceeds. 
 (c) All prepayments of the Incremental Term Facility governed hereby
pursuant to this Section 6 shall be applied to the principal installments thereof in the inverse order of maturity. 
 7.
Payments Generally; Prepayment Premiums All payments of principal and interest shall be made to the Administrative Agent for the account of the Incremental Term Lenders in Dollars in immediately available funds at the Administrative
Agent’s Office in accordance with the Credit Agreement; provided, that, 
 (a) in the event of a full or partial
prepayment of Incremental Term Loans effected prior to the second anniversary of the Incremental Term Facility Effective Date, excluding repayments required by Section 5 above and by Section 2.07(a)(ii) and (iii) of the Credit
Agreement and prepayments from Excess Cash Flow and from cash settlements of disputed property tax assessments, such prepayment shall include a premium in an amount equal to (i) 2.00% of the principal amount so prepaid, in the case of any such
prepayment prior to the first anniversary of the Incremental Term Facility Effective Date and (ii) 1.00% of the principal amount so prepaid, in the case of any such prepayment on or after the first anniversary of the Incremental Term Facility
Effective Date but prior to the second anniversary of the Incremental Term Facility Effective Date; 
 (b) in the event that
any amendment to this Agreement or any other Loan Document, or any conversion of the Incremental Term Loans, in each case that has the effect of decreasing the Effective Yield in respect of the Incremental Term Loans is effected prior to the second
anniversary of the Incremental Term Facility Effective Date, the Borrower shall pay an amendment fee to any Lender approving such amendment or conversion (other than any replacement Lender replacing a Lender pursuant to Section 10.16 in
connection with such amendment) in an amount equal to (i) 2.00% of the principal amount of Incremental Term Loans governed hereby for which such interest rate is decreased, in the case of any such amendment or conversion effected by the first
anniversary of the Incremental Term Facility Effective Date, and (ii) 1.00% of the principal amount of Incremental Term Loans governed hereby for which such interest rate is decreased, in the case of any such amendment or conversion effected on
or after the first anniversary of the Incremental Term Facility Effective Date but prior to the second anniversary of the Incremental Term Facility Effective Date; and 

  
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 (c) in the event that any Lender other than a Disqualified Lender is replaced as
a Lender pursuant to Section 10.16(b) of the Credit Agreement prior to the second anniversary of the Incremental Term Facility Effective Date, the Borrower shall pay a fee to any such Lender in an amount equal to (i) 2.00% of the principal
amount of such Lender’s Incremental Term Loans governed hereby being assigned pursuant to such replacement, in the case of any such replacement effected prior to the first anniversary of the Incremental Term Facility Effective Date, and
(ii) 1.00% of the principal amount of such Lender’s Incremental Term Loans governed hereby being assigned pursuant to such replacement, in the case of any such replacement effected on or after the first anniversary of the Incremental Term
Facility Effective Date but prior to the second anniversary of the Incremental Term Facility Effective Date. 
 “Effective
Yield” means yield taking into account upfront fees, interest rate spreads, interest rate benchmark floors and original issue discount (with original issue discount being equated to interest based on an assumed four-year life to maturity)
but excluding the effect of any arrangement, structuring, syndication or other fees payable in connection therewith that are not shared with all lenders or holders of such new or replacement loans and without taking into account any fluctuations in
the Eurodollar Rate or comparable rate. 
 8. Financial Covenants. (a) The parties hereto hereby agree that the Incremental Term
Lenders shall have no rights under Section 7.11 of the Credit Agreement, that the provisions thereof shall not benefit the Incremental Term Facility and that an Event of Default under Section 8.01(b) of the Credit Agreement as a result of
the Borrower’s failure to perform or observe any covenant contained in Section 7.11 of the Credit Agreement shall not constitute an Event of Default with respect to the Incremental Term Facility unless and until: 

(i) (x) the Commitments under the Revolving Credit Facility and any other Facility that has the benefit of
Section 7.11 of the Credit Agreement have been terminated and (y) the principal amount of all Loans under the Revolving Credit Facility and any other Facility that has the benefit of Section 7.11 of the Credit Agreement have been
declared to be due and payable by the Lenders under such Facility, in each case, pursuant to Section 8.02 of the Credit Agreement; or 

(ii) any Term Facility under the Credit Agreement shall have the benefit of Section 7.11 of the Credit Agreement. 

(b) The parties hereto further agree, until such time as any Term Facility under the Credit Agreement shall have the benefit of
Section 7.11 of the Credit Agreement, that the Incremental Term Lenders shall have no right to approve any amendment to, or waive any Default resulting from any breach of, or consent to any departure by the Borrower from, Section 7.11 of
the Credit Agreement or the definition of “Consolidated EBITDA”, and that any such amendment, waiver or consent shall require only the approval of Required Lenders as calculated without giving effect to the Incremental Term Facility. 

  
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 (c) The parties hereto further agree that, in the event that the Lenders under
any Other Term Facility shall have the benefit of any financial maintenance covenant, the Incremental Term Lenders shall also have the benefit of such financial maintenance covenant and the provisions thereof shall be deemed to be incorporated
herein by reference and if necessary, this Agreement shall be amended, in form and substance reasonably satisfactory to the Administrative Agent, to reflect the addition of such financial maintenance covenant hereto. 

(d) From and after the Incremental Term Facility Effective Date, no Credit Party shall, and shall not permit any Subsidiary to,
make or become legally obligated to make any capital expenditure, except for capital expenditures in the ordinary course of business not exceeding, in the aggregate for the Credit Parties and their Subsidiaries in any fiscal year, $40,000,000;
provided that any portion of such amount (but in no case more than $10,000,000), if not expended in the fiscal year for which it is permitted, may be carried over for expenditure in the next following fiscal year (but not any fiscal years
thereafter); and provided, further, if any such amount is so carried over, it will be deemed used in the applicable subsequent fiscal year before the amount permitted for such fiscal year. 

9. Consent to Assignment. Pursuant to Section 10.07(b)(iv) of the Credit Agreement, each of the Borrower and the Administrative
Agent hereby consents to the assignment by the Incremental Term Lenders of any portion of the Incremental Term Loans to the Persons set forth on Schedule II attached hereto or to any Affiliates or Approved Funds of any such Persons on the
Incremental Term Facility Effective Date or within thirty Business Days thereafter. So long as no Event of Default has occurred and is continuing, except as provided in the preceding sentence, any assignment of the Incremental Term Loans governed
hereby must be approved by the Borrower unless the proposed assignee is a Term Lender holding Incremental Term Loans governed hereby or an Affiliate or Approved Fund of such a Term Lender. 

10. Counterparts. This Agreement may be executed in one or more counterparts, each of which shall be deemed an original, but all of
which together shall constitute one and the same instrument. 
 11. Loan Documents. This Agreement is a Loan Document. 

12. Amendments. Subject to the provisos to Section 10.01 of the Credit Agreement, no amendment or waiver of any provision of this
Agreement, and no consent to any departure by a Credit Party or any other Loan Party therefrom, shall be effective unless in writing signed by the Required Term Lenders under the Incremental Term Facility governed hereby and the Credit Parties or
the applicable Loan Party, as the case may be, and acknowledged by the Administrative Agent, and each such waiver or consent shall be effective only in the specific instance and for the specific purpose for which given. 

13. Entire Agreement. This Agreement, together with the other Loan Documents, comprises the complete and integrated agreement of the
parties on the subject matter hereof and thereof and supersedes all prior agreements, written or oral, on such subject matter. This Agreement may be amended or modified only in writing signed by each party hereto. 

  
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 14. Governing Law. THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH,
THE LAW OF THE STATE OF NEW YORK APPLICABLE TO AGREEMENTS MADE AND TO BE PERFORMED ENTIRELY WITHIN SUCH STATE (INCLUDING FOR SUCH PURPOSES SECTIONS 5-1401 AND 5-1402 OF THE GENERAL OBLIGATIONS LAW OF THE STATE OF NEW YORK); PROVIDED
THAT THE LEAD ARRANGER AND EACH INCREMENTAL TERM LENDER SHALL RETAIN ALL RIGHTS ARISING UNDER FEDERAL LAW. 

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

					
	MARINA DISTRICT FINANCE COMPANY, INC.
		
	By:	 	 /s/ Josh Hirsberg

	Name:	 	Josh Hirsberg
	Title:	 	Vice President, Treasurer and Chief
		 	Financial Officer
	
	MARINA DISTRICT DEVELOPMENT COMPANY, LLC
		
	By:	 	Marina District Development
		 	 Holding Co., LLC, a New Jersey limited

liability company

	Its:	 	Sole Member
			
		 	By:	 	Boyd Atlantic City, Inc.,
		 		 	a New Jersey corporation
		 	Its:	 	Managing Member
			
		 	By:	 	 /s/ Josh Hirsberg

		 	Name:	 	Josh Hirsberg
		 	Title:	 	Vice President

  
 11 

 
			
	WELLS FARGO BANK, NATIONAL ASSOCIATION, as Administrative Agent
		
	By:	 	 /s/ Jonathan Dinise

	Name:	 	Jonathan Dinise
	Title:	 	Assistant Vice President

  
 12 

 
			
	DEUTSCHE BANK AG NEW YORK BRANCH, as Incremental Term Lender
		
	By:	 	 /s/ Mary Kay Coyle

	Name:	 	Mary Kay Coyle
	Title:	 	Managing Director
		
	By:	 	 /s/ Dusan Lazaroz

	Name:	 	Dusan Lazarov
	Title:	 	Director

  
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 Schedule I 
  

					
	 Incremental Term Lender
	  	 Incremental Term Commitment
	 
	 Deutsche Bank AG New York Branch
	  	$	380,000,000	  
	 Total:
	  	$	380,000,000	  

  
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 Schedule II 

Acceptable Assignees 

  
 15

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