Document:

EX-10.1

 Exhibit 10.1 

EXECUTION COPY 
 Published
CUSIP Number 03759KAE2 
  
  

 
  

$175,000,000 
 SECOND AMENDED
AND RESTATED CREDIT AGREEMENT 
 dated as of November 2, 2016, 

by and among 
 APOGEE
ENTERPRISES, INC., 
 as Borrower, 

the Lenders referred to herein, 

as Lenders, 
 WELLS FARGO BANK,
NATIONAL ASSOCIATION, 
 as Administrative Agent, 

Swingline Lender and Issuing Lender, 

and 
 U.S. BANK NATIONAL
ASSOCIATION, 
 as Syndication Agent and Issuing Lender 
  

 
  

 
 WELLS FARGO SECURITIES, LLC,

 and 
 U.S. BANK
NATIONAL ASSOCIATION, 
 as Joint Lead Arrangers and Joint Bookrunners 

 TABLE OF CONTENTS 
  

							
		 		  	 	Page	  
		
	 ARTICLE I DEFINITIONS
	  	 	1	  
			
	 SECTION 1.1
	 	Definitions	  	 	1	  
	 SECTION 1.2
	 	Other Definitions and Provisions	  	 	26	  
	 SECTION 1.3
	 	Accounting Terms	  	 	26	  
	 SECTION 1.4
	 	UCC Terms	  	 	27	  
	 SECTION 1.5
	 	Rounding	  	 	27	  
	 SECTION 1.6
	 	References to Agreement and Laws	  	 	27	  
	 SECTION 1.7
	 	Times of Day	  	 	27	  
	 SECTION 1.8
	 	Letter of Credit Amounts	  	 	27	  
		
	 ARTICLE II REVOLVING CREDIT FACILITY
	  	 	28	  
			
	 SECTION 2.1
	 	Revolving Credit Loans	  	 	28	  
	 SECTION 2.2
	 	Swingline Loans	  	 	28	  
	 SECTION 2.3
	 	Procedure for Advances of Revolving Credit Loans and Swingline Loans	  	 	30	  
	 SECTION 2.4
	 	Repayment and Prepayment of Revolving Credit Loans and Swingline Loans	  	 	31	  
	 SECTION 2.5
	 	Permanent Reduction of the Revolving Credit Commitment	  	 	32	  
	 SECTION 2.6
	 	Termination of Revolving Credit Facility	  	 	33	  
	 SECTION 2.7
	 	Extension of Revolving Credit Facility Maturity Date	  	 	33	  
		
	 ARTICLE III LETTER OF CREDIT FACILITY
	  	 	34	  
			
	 SECTION 3.1
	 	L/C Commitment	  	 	34	  
	 SECTION 3.2
	 	Procedure for Issuance of Letters of Credit	  	 	36	  
	 SECTION 3.3
	 	Commissions and Other Charges	  	 	36	  
	 SECTION 3.4
	 	L/C Participations	  	 	37	  
	 SECTION 3.5
	 	Reimbursement Obligations	  	 	38	  
	 SECTION 3.6
	 	Obligations Absolute	  	 	38	  
	 SECTION 3.7
	 	Effect of Letter of Credit Application	  	 	39	  
		
	 ARTICLE IV GENERAL LOAN PROVISIONS
	  	 	39	  
			
	 SECTION 4.1
	 	Interest	  	 	39	  
	 SECTION 4.2
	 	Notice and Manner of Conversion or Continuation of Loans	  	 	41	  
	 SECTION 4.3
	 	Fees	  	 	42	  
	 SECTION 4.4
	 	Sharing of Payments	  	 	43	  
	 SECTION 4.5
	 	Evidence of Indebtedness	  	 	43	  
	 SECTION 4.6
	 	Adjustments	  	 	44	  
	 SECTION 4.7
	 	Obligations of Lenders	  	 	45	  
	 SECTION 4.8
	 	Changed Circumstances	  	 	46	  
	 SECTION 4.9
	 	Indemnity	  	 	47	  
	 SECTION 4.10
	 	Increased Costs	  	 	47	  

  
 i 

							
	 SECTION 4.11
	 	Taxes	  	 	49	  
	 SECTION 4.12
	 	Mitigation Obligations; Replacement of Lenders	  	 	53	  
	 SECTION 4.13
	 	Incremental Loans	  	 	54	  
	 SECTION 4.14
	 	Defaulting Lenders	  	 	56	  
		
	 ARTICLE V CONDITIONS OF EFFECTIVENESS AND BORROWING
	  	 	59	  
			
	 SECTION 5.1
	 	Conditions to Effectiveness and Initial Extensions of Credit	  	 	59	  
	 SECTION 5.2
	 	Conditions to All Extensions of Credit	  	 	61	  
		
	 ARTICLE VI REPRESENTATIONS AND WARRANTIES OF THE CREDIT PARTIES
	  	 	61	  
			
	 SECTION 6.1
	 	Corporate Organization and Power	  	 	62	  
	 SECTION 6.2
	 	Subsidiaries	  	 	62	  
	 SECTION 6.3
	 	Corporate Authority	  	 	62	  
	 SECTION 6.4
	 	Authorizations	  	 	62	  
	 SECTION 6.5
	 	Binding Obligation	  	 	63	  
	 SECTION 6.6
	 	Litigation; Labor Controversies	  	 	63	  
	 SECTION 6.7
	 	No Conflicts	  	 	63	  
	 SECTION 6.8
	 	Financial Condition	  	 	63	  
	 SECTION 6.9
	 	Taxes	  	 	64	  
	 SECTION 6.10
	 	Margin Stock; Use of Proceeds	  	 	64	  
	 SECTION 6.11
	 	Compliance with ERISA	  	 	64	  
	 SECTION 6.12
	 	Not an Investment Company	  	 	65	  
	 SECTION 6.13
	 	Properties	  	 	65	  
	 SECTION 6.14
	 	Compliance with Laws	  	 	65	  
	 SECTION 6.15
	 	Environmental Protection	  	 	65	  
	 SECTION 6.16
	 	Insurance	  	 	66	  
	 SECTION 6.17
	 	No Burdensome Restrictions; Compliance with Agreements	  	 	66	  
	 SECTION 6.18
	 	Full Disclosure	  	 	66	  
	 SECTION 6.19
	 	Solvency	  	 	66	  
	 SECTION 6.20
	 	Anti-Corruption Laws and Sanctions	  	 	66	  
	 SECTION 6.21
	 	Intellectual Property Matters	  	 	67	  
	 SECTION 6.22
	 	Survival	  	 	67	  
		
	 ARTICLE VII AFFIRMATIVE COVENANTS
	  	 	67	  
			
	 SECTION 7.1
	 	Financial Statements; Compliance Certificates	  	 	67	  
	 SECTION 7.2
	 	Corporate Existence	  	 	69	  
	 SECTION 7.3
	 	Conduct of Business	  	 	69	  
	 SECTION 7.4
	 	Authorizations	  	 	69	  
	 SECTION 7.5
	 	Taxes	  	 	69	  
	 SECTION 7.6
	 	Insurance	  	 	69	  
	 SECTION 7.7
	 	Inspection	  	 	69	  
	 SECTION 7.8
	 	Maintenance of Records	  	 	70	  
	 SECTION 7.9
	 	Maintenance of Property	  	 	70	  
	 SECTION 7.10
	 	ERISA	  	 	70	  
	 SECTION 7.11
	 	Notice of Defaults and Adverse Developments	  	 	71	  

  
 ii 

							
	 SECTION 7.12
	 	Use of Proceeds	  	 	72	  
	 SECTION 7.13
	 	Environmental Matters	  	 	72	  
	 SECTION 7.14
	 	Additional Subsidiaries	  	 	72	  
	 SECTION 7.15
	 	Compliance with Anti-Corruption Laws and Sanctions	  	 	73	  
	 SECTION 7.16
	 	Further Assurances	  	 	73	  
		
	 ARTICLE VIII NEGATIVE COVENANTS
	  	 	74	  
			
	 SECTION 8.1
	 	Mergers, Consolidations and Sales of Assets	  	 	74	  
	 SECTION 8.2
	 	Liens	  	 	74	  
	 SECTION 8.3
	 	Indebtedness	  	 	76	  
	 SECTION 8.4
	 	Investments, Acquisitions, Loans, Advances and Guaranties	  	 	78	  
	 SECTION 8.5
	 	Dividends and Purchase of Stock	  	 	79	  
	 SECTION 8.6
	 	Use of Proceeds	  	 	80	  
	 SECTION 8.7
	 	Business Changes	  	 	80	  
	 SECTION 8.8
	 	Transactions with Affiliates	  	 	80	  
	 SECTION 8.9
	 	Certain Accounting Changes; Organizational Documents	  	 	81	  
	 SECTION 8.10
	 	No Further Negative Pledges; Restrictive Agreements	  	 	81	  
	 SECTION 8.11
	 	Financial Covenants	  	 	82	  
		
	 ARTICLE IX DEFAULT AND REMEDIES
	  	 	82	  
			
	 SECTION 9.1
	 	Events of Default	  	 	82	  
	 SECTION 9.2
	 	Remedies	  	 	84	  
	 SECTION 9.3
	 	Rights and Remedies Cumulative; Non-Waiver; etc.	  	 	85	  
	 SECTION 9.4
	 	Crediting of Payments and Proceeds	  	 	86	  
	 SECTION 9.5
	 	Administrative Agent May File Proofs of Claim	  	 	87	  
		
	 ARTICLE X THE ADMINISTRATIVE AGENT
	  	 	88	  
			
	 SECTION 10.1
	 	Appointment and Authority	  	 	88	  
	 SECTION 10.2
	 	Rights as a Lender	  	 	88	  
	 SECTION 10.3
	 	Exculpatory Provisions	  	 	89	  
	 SECTION 10.4
	 	Reliance by the Administrative Agent	  	 	89	  
	 SECTION 10.5
	 	Delegation of Duties	  	 	90	  
	 SECTION 10.6
	 	Resignation of Administrative Agent	  	 	90	  
	 SECTION 10.7
	 	Non-Reliance on Administrative Agent and Other Lenders	  	 	91	  
	 SECTION 10.8
	 	No Other Duties, etc.	  	 	92	  
	 SECTION 10.9
	 	Collateral and Guaranty Matters	  	 	92	  
	 SECTION 10.10
	 	Secured Hedge Agreements and Secured Cash Management Agreements	  	 	93	  
		
	 ARTICLE XI MISCELLANEOUS
	  	 	93	  
			
	 SECTION 11.1
	 	Notices	  	 	93	  
	 SECTION 11.2
	 	Amendments, Waivers and Consents	  	 	95	  
	 SECTION 11.3
	 	Expenses; Indemnity	  	 	98	  
	 SECTION 11.4
	 	Right of Set Off	  	 	100	  
	 SECTION 11.5
	 	Governing Law; Jurisdiction, Etc.	  	 	100	  

  
 iii 

							
	 SECTION 11.6
	 	Waiver of Jury Trial	  	 	101	  
	 SECTION 11.7
	 	Reversal of Payments	  	 	101	  
	 SECTION 11.8
	 	Punitive Damages	  	 	102	  
	 SECTION 11.9
	 	Successors and Assigns; Participations	  	 	102	  
	 SECTION 11.10
	 	Confidentiality	  	 	106	  
	 SECTION 11.11
	 	Performance of Duties	  	 	107	  
	 SECTION 11.12
	 	All Powers Coupled with Interest	  	 	107	  
	 SECTION 11.13
	 	Survival	  	 	107	  
	 SECTION 11.14
	 	Titles and Captions	  	 	108	  
	 SECTION 11.15
	 	Severability of Provisions	  	 	108	  
	 SECTION 11.16
	 	Counterparts; Integration; Effectiveness; Electronic Execution	  	 	108	  
	 SECTION 11.17
	 	Term of Agreement	  	 	109	  
	 SECTION 11.18
	 	USA PATRIOT Act	  	 	109	  
	 SECTION 11.19
	 	Inconsistencies with Other Documents; Independent Effect	  	 	109	  
	 SECTION 11.20
	 	No Advisory or Fiduciary Responsibility	  	 	109	  
	 SECTION 11.21
	 	Amendment and Restatement; No Novation	  	 	110	  
	 SECTION 11.22
	 	Acknowledgement and Consent to Bail-In of EEA Financial Institutions	  	 	111	  

  
 iv 

					
	 EXHIBITS
	  		  	
			
	 Exhibit A-1
	  	-	  	Form of Revolving Credit Note
	 Exhibit A-2
	  	-	  	Form of Swingline Note
	 Exhibit A-3
	  	-	  	Form of Term Loan Note
	 Exhibit B
	  	-	  	Form of Notice of Borrowing
	 Exhibit C
	  	-	  	Form of Notice of Account Designation
	 Exhibit D
	  	-	  	Form of Notice of Prepayment
	 Exhibit E
	  	-	  	Form of Notice of Conversion/Continuation
	 Exhibit F
	  	-	  	Form of Compliance Certificate
	 Exhibit G
	  	-	  	Form of Assignment and Assumption
	 Exhibit H
	  	-	  	Form of U.S. Tax Compliance Certificates
			
	 SCHEDULES
	  		  	
			
	 Schedule 1.1
	  	-	  	Investment Policy
	 Schedule 1.2
	  	-	  	Revolving Credit Commitments
	 Schedule 3.1
	  	-	  	Existing Letters of Credit
	 Schedule 6.2
	  	-	  	Subsidiaries
	 Schedule 6.6
	  	-	  	Litigation; Labor Controversies
	 Schedule 6.15
	  	-	  	Environmental
	 Schedule 8.2
	  	-	  	Liens
	 Schedule 8.3
	  	-	  	Indebtedness
	 Schedule 8.8
	  	-	  	Affiliate Transactions

  
 v 

 SECOND AMENDED AND RESTATED CREDIT AGREEMENT, dated as of November 2, 2016, by
and among APOGEE ENTERPRISES, INC., a Minnesota corporation (the “Borrower”), the lenders party hereto from time to time (the “Lenders”) and WELLS FARGO BANK, NATIONAL ASSOCIATION, a national banking association, as
Administrative Agent for the Lenders. 
 STATEMENT OF PURPOSE 

WHEREAS, the Borrower, the lenders party thereto and Wells Fargo Bank, National Association, as administrative agent, are
currently party to the Amended and Restated Credit Agreement, dated as of October 19, 2012 (as amended, supplemented or otherwise modified prior to the date hereof, the “Existing Credit Agreement”). 

WHEREAS, the Borrower, the Lenders, and the Administrative Agent have agreed to enter into this Agreement in order to (a)
amend and restate the Existing Credit Agreement in its entirety and (b) set forth the terms and conditions under which the Lenders will continue to make loans and other financial accommodations available to or for the benefit of the Borrower. 

WHEREAS, it is also the intent of the Borrower to confirm that all obligations under the applicable “Loan Documents”
(as referred to and defined in the Existing Credit Agreement) shall continue in full force and effect as modified or restated by the Loan Documents (as referred to and defined herein) and that, from and after the Restatement Closing Date (as
referred to and defined herein), all references to the “Credit Agreement” contained in any such existing “Loan Documents” shall be deemed to refer to this Agreement. 

NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged by the
parties hereto, such parties hereby agree that the Existing Credit Agreement shall be, and hereby is, amended and restated in its entirety as follows: 

ARTICLE I 
 DEFINITIONS

 SECTION 1.1 Definitions. The following terms when used in this Agreement shall have the meanings assigned
to them below: 
 “Administrative Agent” shall mean Wells Fargo, in its capacity as Administrative Agent
hereunder, and any successor thereto appointed pursuant to Section 10.6. 

“Administrative Agent’s Office” shall mean, the office of the Administrative Agent
specified in or determined in accordance with the provisions of Section 11.1(c). 

“Administrative Questionnaire” shall mean an administrative questionnaire in a form supplied by the
Administrative Agent. 
 “Affiliate” shall mean, with respect to any Person, any other Person directly or
indirectly controlling (including, but not limited to, all directors and officers of such Person), controlled by, or under direct or indirect common control with, such Person. A Person shall be deemed to

 
control another Person if such Person possesses, directly or indirectly, the power (i) to vote 15% or more of the securities having ordinary voting power for the election of directors (or
equivalent governing body) of such Person or (ii) to direct or cause the direction of the management and policies of such other Person, whether through the ownership of voting securities, by contract or otherwise; provided,
however, that none of the Administrative Agent, any Lender or any of their respective Affiliates shall be considered an Affiliate of the Borrower or any Subsidiary thereof by reason of its acting in its capacities as such. 

“Agreement” shall mean this Credit Agreement, as amended, restated, supplemented or otherwise modified from
time to time. 
 “Anti-Corruption Laws” shall mean all laws, rules, and regulations of any jurisdiction
applicable to the Borrower or its Subsidiaries from time to time concerning or relating to bribery or corruption, including, without limitation, the United States Foreign Corrupt Practices Act of 1977, as amended, and the rules and regulations
thereunder. 
 “Anti-Money Laundering Laws” shall mean any and all laws, statutes, regulations or
obligatory government orders, decrees, ordinances or rules applicable to a Credit Party, its Subsidiaries or Affiliates related to terrorism financing or money laundering, including any applicable provision of the Patriot Act and The Currency and
Foreign Transactions Reporting Act (also known as the “Bank Secrecy Act,” 31 U.S.C. §§ 5311-5330 and 12 U.S.C. §§ 1818(s), 1820(b) and 1951-1959). 

“Applicable Law” shall mean all applicable provisions of constitutions, laws, statutes, ordinances, rules,
treaties, regulations, permits, licenses, approvals, interpretations and orders of courts or Governmental Authorities and all orders and decrees of all courts and arbitrators. 

“Applicable Margin” shall mean the per annum rate determined as set forth below based on the Leverage Ratio
as set forth below: 
  

									
	 Pricing

Level
	  	Leverage Ratio	  	LIBOR +  	  	Base Rate +  	  	
 Commitment  

Fee 

	 	 	 	 	 
	
I
  
	  	 Less than 1.00 to 1.00

 
	  	 1.125%  

 
	  	 0.125%  

 
	  	 0.175%

 

	 	 	 	 	 
	
II
  
	  	 Greater than or equal to 1.00 to 1.00 but less than 1.50 to 1.00

 
	  	 1.25%  

 
	  	 0.25%  

 
	  	 0.20%

 

	 	 	 	 	 
	
III
  
	  	 Greater than or equal to 1.50 to 1.00 but less than 2.00 to 1.00

 
	  	 1.375%  

 
	  	 0.375%  

 
	  	 0.25%

 

	 	 	 	 	 
	
IV
  
	  	 Greater than or equal to 2.00 to 1.00 but less than 2.50 to 1.00

 
	  	 1.50%  

 
	  	 0.50%  

 
	  	 0.30%

 

	 	 	 	 	 
	
V
  
	  	 Greater than or equal to 2.50 to 1.00

 
	  	 1.75%  

 
	  	 0.75%  

 
	  	 0.35%

 

  
 2 

 The Applicable Margin shall be determined and adjusted quarterly on the date
(each a “Calculation Date”) three (3) Business Days after the day by which the Borrower is required to provide an Compliance Certificate pursuant to Section 7.1 for the most recently ended fiscal quarter of the Borrower;
provided that (a) the Applicable Margin shall be based on Pricing Level I until the first Calculation Date occurring after the Restatement Closing Date and thereafter the Pricing Level shall be determined by reference to the Leverage Ratio as
of the last day of the most recently ended fiscal quarter of the Borrower preceding the applicable Calculation Date, and (b) if the Borrower fails to provide the Compliance Certificate as required by Section 7.1 for the most recently ended
fiscal quarter of the Borrower preceding the applicable Calculation Date, the Applicable Margin from such Calculation Date shall be based on Pricing Level V until such time as an appropriate Compliance Certificate is provided, at which time the
Pricing Level shall be determined by reference to the Leverage Ratio as of the last day of the most recently ended fiscal quarter of the Borrower preceding such Calculation Date. The Applicable Margin shall be effective from one Calculation
Date until the next Calculation Date. Any adjustment in the Applicable Margin shall be applicable to all Extensions of Credit then existing or subsequently made or issued. 

Notwithstanding the foregoing, in the event that any financial statement or Compliance Certificate delivered pursuant to Section 7.1 is
shown to be inaccurate (regardless of whether (i) this Agreement is in effect, (ii) the Commitments are in effect, or (iii) any extension of credit is outstanding when such inaccuracy is discovered or such financial statement or Compliance
Certificate was delivered), and such inaccuracy, if corrected, would have led to the application of a higher Applicable Margin for any period (an “Applicable Period”) than the Applicable Margin applied for such Applicable Period,
then (x) the Borrower shall immediately deliver to the Administrative Agent a corrected Compliance Certificate for such Applicable Period, (y) the Applicable Margin for such Applicable Period shall be determined as if the Leverage Ratio in
the corrected Compliance Certificate were applicable for such Applicable Period, and (z) the Borrower shall immediately and retroactively be obligated to pay to the Administrative Agent the accrued additional interest and fees owing as a result
of such increased Applicable Margin for such Applicable Period, which payment shall be promptly applied by the Administrative Agent in accordance with Section 4.4. Nothing in this paragraph shall limit the rights of the Administrative
Agent and Lenders with respect to Sections 4.1(c) and 9.2 nor any of their other rights under this Agreement. The Borrower’s obligations under this paragraph shall survive the termination of the Commitments and the repayment
of all other Obligations hereunder. 
 “Approved Fund” shall mean any Fund that is administered or managed
by (i) a Lender, (ii) an Affiliate of a Lender or (iii) an entity or an Affiliate of an entity that administers or manages a Lender. 

“Arrangers” shall mean Wells Fargo Securities, LLC and U.S. Bank, in their capacity as joint lead arrangers
and joint bookrunners. 
 “Assignment and Assumption” shall mean an assignment and assumption entered into
by a Lender and an assignee (with the consent of any party whose consent is required by 

  
 3 

 
Section 11.9), and accepted by the Administrative Agent, in substantially the form attached as Exhibit G or any other form
approved by the Administrative Agent. 
 “Bail-In Action” shall mean the exercise of any Write-Down and
Conversion Powers by the applicable EEA Resolution Authority in respect of any liability of an EEA Financial Institution. 

“Bail-In Legislation” shall mean, 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 for such EEA Member Country from time to time which is described in the EU Bail-In Legislation Schedule. 

“Bankruptcy Code” shall mean 11 U.S.C. §§ 101 et seq. 

“Base Rate” shall mean, at any time, the highest of (i) the Prime Rate, (ii) the Federal Funds Rate
plus 0.50% and (iii) LIBOR for an interest period of one month plus 1.00%; each change in the Base Rate shall take effect simultaneously with the corresponding change or changes in the Prime Rate, the Federal Funds Rate or LIBOR
(provided that clause (iii) shall not be applicable during any period in which LIBOR is unavailable or unascertainable). Notwithstanding the foregoing, in no event shall the Base Rate be less than 0%. 

“Base Rate Loan” shall mean any Loan bearing interest at a rate based upon the Base Rate as provided in
Section 4.1(a). 
 “Borrower” has the meaning assigned thereto in the
introductory paragraph hereto. 
 “Business Day” shall mean (i) for all purposes other than as covered
by clause (ii) below, any day except Saturday, Sunday and any day which shall be in New York, New York or Charlotte, North Carolina a legal holiday or a day on which banking institutions are authorized or required by law or other
government action to close and (ii) with respect to (A) all notices and determinations in connection with, and (B) payments of principal and interest on or with respect to, any LIBOR Rate Loan or, with respect to clause (B), any Base Rate Loan
as to which the interest rate is determined by a reference to LIBOR, any day which is a Business Day described in clause (i) and that is also a London Banking Day. 

“Canadian Subsidiary” shall mean a Subsidiary that is formed, organized, continued, amalgamated, existing (or
the equivalent of any of the foregoing) under the laws of a territory or province of Canada. 
 “Capital
Expenditures” shall mean, for any period, the aggregate of all expenditures (whether paid in cash or accrued as liabilities, and including that portion of Capital Lease Obligations that is capitalized on the Consolidated balance sheet of
the Borrower and its Subsidiaries) by the Borrower and its Subsidiaries during such period that are included in the property, plant or equipment reflected in the Consolidated balance sheet of the Borrower and its Subsidiaries. 

  
 4 

 “Capital Lease Obligation” shall mean, with respect to any
Person, the obligation of such Person to pay rent or other amounts under any lease with respect to any property (whether real, personal or mixed) acquired or leased by such Person that is required to be accounted for as a liability on a Consolidated
balance sheet of such Person. 
 “Capital Stock” shall mean (a) in the case of a corporation, capital
stock, (b) in the case of an association or business entity, any and all shares, interests, participations, rights or other equivalents (however designated) of capital stock, (c) in the case of a partnership, partnership interests (whether
general or limited), (d) in the case of a limited liability company, membership interests, (e) any other interest or participation that confers on a Person the right to receive a share of the profits and losses of, or distributions of
assets of, the issuing Person and (f) any and all warrants, rights or options to purchase any of the foregoing. 

“Cash Collateralize” shall mean, to deposit in a Controlled Account or to pledge and deposit with, or deliver
to the Administrative Agent, or directly to the applicable Issuing Lender (with notice thereof to the Administrative Agent), for the benefit of one or more of the Issuing Lenders, the Swingline Lender or the Lenders, as collateral for L/C
Obligations or obligations of the Lenders to fund participations in respect of L/C Obligations or Swingline Loans, cash or deposit account balances or, if the Administrative Agent and the applicable Issuing Lender and the Swingline Lender shall
agree, in their sole discretion, other credit support, in each case pursuant to documentation in form and substance satisfactory to the Administrative Agent, such Issuing Lender and the Swingline Lender, as applicable. “Cash
Collateral” shall have a meaning correlative to the foregoing and shall include the proceeds of such cash collateral and other credit support. 

“Cash Equivalents and Short Term Investments” shall mean any Investments (other than securities with a
maturity date in excess of 365 days from the date of issuance) made in accordance with the Borrower’s Investment Policy dated as of March 4, 2015, as set forth in Schedule 1.1, as the same may be amended, modified, supplemented or
replaced from time to time upon 30 days notice to the Administrative Agent, provided that any material change thereto shall be subject to the consent of the Administrative Agent, such consent not to be unreasonably withheld or delayed.

“Cash Management Agreement” shall mean any agreement to provide cash management services, including treasury,
depository, overdraft, credit or debit card (including non-card electronic payables and purchasing cards), electronic funds transfer and other cash management arrangements. 

“Cash Management Bank” shall mean any Person that, (a) at the time it enters into a Cash Management Agreement
with a Credit Party, is a Lender, an Affiliate of a Lender, the Administrative Agent or an Affiliate of the Administrative Agent, or (b) at the time it (or its Affiliate) becomes a Lender or the Administrative Agent (including on the Restatement
Closing Date), is a party to a Cash Management Agreement with a Credit Party, in each case in its capacity as a party to such Cash Management Agreement. 

“Change in Law” shall mean the occurrence, after the Restatement Closing Date, of any of the following:
(i) the adoption or taking effect of any law, rule, regulation or treaty, (ii) any 

  
 5 

 
change in any law, rule, regulation or treaty or in the administration, interpretation, implementation, or application thereof by any Governmental Authority or (iii) the making or issuance
of any request, rule, guideline or directive (whether or not having the force of law) by any Governmental Authority; provided that notwithstanding anything herein to the contrary, (a) the Dodd-Frank Wall Street Reform and Consumer Protection
Act and all requests, rules, guidelines or directives thereunder or issued in connection therewith and (b) all requests, rules, guidelines or directives promulgated by the Bank for International Settlements, the Basel Committee on Banking
Supervision (or any successor or similar authority) or the United States or foreign regulatory authorities, in each case pursuant to Basel III, shall in each case be deemed to be a “Change in Law”, regardless of the date enacted, adopted,
implemented or issued. 
 “Class” shall mean, when used in reference to any Loan, whether such Loan is a
Revolving Credit Loan, Swingline Loan or Term Loan and, when used in reference to any Commitment, whether such Commitment is a Revolving Credit Commitment or a Term Loan Commitment. 

“Code” shall mean the Internal Revenue Code of 1986, and the rules and regulations thereunder, each as
amended or modified from time to time. 
 “Collateral” shall mean the collateral security for the Secured
Obligations pledged or granted pursuant to the Security Documents. 
 “Collateral Agreement” shall mean the
second amended and restated collateral agreement dated as of September 30, 2014 executed by the Credit Parties in favor of the Administrative Agent, for the ratable benefit of the Secured Parties, as amended, restated, supplemented or otherwise
modified from time to time. 
 “Commitment Fee” has the meaning assigned thereto in Section 4.3(a).

 “Commitment Percentage” shall mean, as to any Lender, such Lender’s Revolving Credit Commitment
Percentage or Term Loan Percentage, as applicable. 
 “Commitments” shall mean, collectively, as to all
Lenders, the Revolving Credit Commitments and the Term Loan Commitments of such Lenders. 
 “Commodity Exchange
Act” shall mean the Commodity Exchange Act (7 U.S.C. § 1 et seq.), as amended from time to time, and any successor statute.     

“Compliance Certificate” shall mean a certificate of the chief financial officer or the treasurer of the
Borrower substantially in the form attached as Exhibit F. 
 “Connection Income Taxes” shall
mean Other Connection Taxes that are imposed on or measured by net income (however denominated) or that are franchise Taxes or branch profits Taxes. 

“Consolidated” shall mean, when used with reference to financial statements or financial statement items of
any Person, such statements or items on a consolidated basis in accordance with applicable principles of consolidation under GAAP. 

  
 6 

 “Contractual Obligation” shall mean, as to any Person, any
provision of any security issued by such Person or of any agreement, instrument or undertaking to which such Person is a party or by which it or any of its Property is bound. 

“Controlled Account” shall mean each deposit account and securities account that is subject to an account
control agreement in form and substance satisfactory to the Administrative Agent and each of the applicable Issuing Lenders that is entitled to Cash Collateral hereunder at the time such control agreement is executed. 

“Credit Parties” shall mean, collectively, the Borrower and the Subsidiary Guarantors. 

“Debtor Relief Laws” shall mean the Bankruptcy Code of the United States of America, 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. 
 “Declining Lender” has the meaning assigned thereto in Section 2.7(b). 

“Default” shall mean any of the events specified in Article IX which with the
passage of time, the giving of notice or any other condition, would constitute an Event of Default. 
 “Defaulting
Lender” shall mean, subject to Section 4.14(b), any Lender that (a) has failed to (i) fund all or any portion of the Revolving Credit Loans, any Term Loan, participations in L/C Obligations or participations in Swingline Loans
required to be funded by it hereunder within two Business Days of the date such Loans or participations were required to be funded hereunder unless such Lender notifies the Administrative Agent and the Borrower in writing that such failure is the
result of such Lender’s determination that one or more conditions precedent to funding (each of which conditions precedent, together with any applicable Default or Event of Default, shall be specifically identified in such writing) has not been
satisfied, or (ii) pay to the Administrative Agent, any Issuing Lenders, the Swingline Lender or any other Lender any other amount required to be paid by it hereunder (including in respect of its participation in Letters of Credit or Swingline
Loans) within two Business Days of the date when due, (b) has notified the Borrower, the Administrative Agent, any Issuing Lender or the Swingline Lender in writing that it does not intend to comply with its funding obligations hereunder, or has
made a public statement to that effect (unless such writing or public statement relates to such Lender’s obligation to fund a Loan hereunder and states that such position is based on such Lender’s determination that a condition precedent
to funding (which condition precedent, together with any applicable default, shall be specifically identified in such writing or public statement) cannot be satisfied), (c) has failed, within three Business Days after written request by the
Administrative Agent or the Borrower, to confirm in writing to the Administrative Agent and the Borrower that it will comply with its prospective funding obligations hereunder (provided that such Lender shall cease to be a Defaulting Lender
pursuant to this clause (c) upon receipt of such written confirmation by the Administrative Agent and the Borrower), (d) has, or has a direct or indirect parent company that has, (i) become the subject of a proceeding under any Debtor Relief Law, or
(ii) had appointed for it a receiver, custodian, conservator, trustee, administrator, assignee for the benefit of creditors or similar Person charged with reorganization or liquidation of its business or assets, including the Federal Deposit
Insurance Corporation or any other state 

  
 7 

 
or federal regulatory authority acting in such a capacity, or (e) has 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 so long as such ownership interest does not result in or provide such Lender with immunity from the
jurisdiction of courts within the United States or from the enforcement of judgments or writs of attachment on its assets or permit such Lender (or such Governmental Authority) to reject, repudiate, disavow or disaffirm any contracts or agreements
made with such Lender. Any determination by the Administrative Agent that a Lender is a Defaulting Lender under clauses (a) through (e) above shall be conclusive and binding absent manifest error, and such Lender shall be deemed to be a
Defaulting Lender (subject to Section 4.14(b)) upon delivery of written notice of such determination to the Borrower, each Issuing Lender, the Swingline Lender and each Lender. 

“Disputes” shall mean any dispute, claim or controversy arising out of, connected with or relating to this
Agreement or any other Loan Document, between or among parties hereto and to the other Loan Documents. 

“Dollars” or “$” shall mean, unless otherwise qualified, dollars in lawful currency of the
United States. 
 “Domestic Subsidiary” shall mean, as to any Person, any Subsidiary of such Person
incorporated or organized in the United States or any State or territory thereof. 
 “EBITDA” shall mean,
for any period, the Consolidated net income of the Borrower for such period, before subtracting Consolidated income taxes, Interest Expense, depreciation, and amortization (including, without limitation, amortization associated with goodwill,
deferred debt expenses, restricted stock and option costs and non-competition agreements) of the Borrower for such period, and also including, without duplication, the Borrower’s (or any Subsidiary’s) share of the net income, before
subtracting income taxes, interest expense, depreciation, and amortization, from any unconsolidated joint venture investments, but only to the extent that such amount has been paid in cash to the Borrower or such Subsidiary; provided, that (i)
income, expenses and charges relating to discontinued operations (whether resulting in a net positive or a net negative) shall be excluded from EBITDA, (ii) EBITDA shall be adjusted pro forma for any acquisitions or divestitures by the Borrower or
its Subsidiaries by adding or subtracting, as the case may be, for the entire period for which EBITDA is being calculated, the EBITDA calculated in accordance with this definition which is attributable to any acquired or divested business, provided,
that any pro forma adjustments to the EBITDA of acquired entities shall be reasonably acceptable to the Administrative Agent, and (iii) EBITDA will exclude extraordinary non-cash charges, to the extent such charges are less than $15,000,000 in any
12-month period and are less than $30,000,000 in the aggregate between the Original Closing Date and the Maturity Date, but any amounts over such limitations in the relevant periods shall be included in EBITDA. 

“EEA Financial Institution” shall mean (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 

  
 8 

 
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” shall mean any of the member states of the European Union, Iceland, Liechtenstein, and
Norway. 
 “EEA Resolution Authority” shall mean 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 credit institution or investment firm established in any EEA Member Country. 

“Environmental Claim” shall mean any claim, demand, notice of violation, suit, administrative or judicial
proceeding, regulatory action, investigation, information request, decree or order involving any Hazardous Substance, Environmental Law, noise or odor pollution or any injury or threat of injury to human health, property or the environment. 

“Environmental Law” shall mean any federal, state, local or foreign law, regulation, order, decree or legal
requirement of a Governmental Authority relating to (i) the handling, use, presence, disposal or release of any Hazardous Substance or (ii) the protection, preservation or restoration of the environment, natural resources or human health. 

“Environmental Permit” shall mean any license, permit, certificate or authorization required by Environmental
Laws for the Borrower or any of its Subsidiaries to own or operate its business as conducted as of the Restatement Closing Date. 

“Equity Interests” of any Person shall mean any and all shares, interests, rights to purchase, warrants,
options, participation or other equivalents of or interest in (however designated) equity of such Person, including any preferred stock, any limited or general partnership interest and any limited liability company membership interest. 

“ERISA” shall mean the Employee Retirement Income Security Act of 1974, as amended from time to time, and the
rules and regulations promulgated thereunder from time to time. 
 “ERISA Group” shall mean the Borrower
and all members of a controlled group of corporations and all trades or businesses (whether or not incorporated) under common control which, together with the Borrower, are treated as a single employer under Section 414 of the Code or are considered
to be one employer under Section 4001 of ERISA. 
 “EU Bail-In Legislation Schedule” shall mean the EU
Bail-In Legislation Schedule published by the Loan Market Association (or any successor thereto), as in effect from time to time. 

“Eurodollar Reserve Percentage” shall mean, for any day, the percentage (expressed as a decimal and rounded
upwards, if necessary, to the next higher 1/100th of 1%) which is in effect for such day as prescribed by the Board of Governors of the Federal Reserve System (or any successor) for determining the maximum reserve requirement (including, without
limitation, any 

  
 9 

 
basic, supplemental or emergency reserves) in respect of eurocurrency liabilities or any similar category of liabilities for a member bank of the Federal Reserve System in New York City. 

“Event of Default” shall mean any of the events specified in Article IX. 

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

“Excluded Swap Obligation” shall mean, with respect to any Credit Party, any Swap Obligation if, and to the
extent that, all or a portion of the liability of such Credit Party for or the guarantee of such Credit Party of, or the grant by such Credit Party of a security interest to secure, such Swap Obligation (or any liability or guarantee thereof) is or
becomes illegal under the Commodity Exchange Act or any rule, regulation or order of the Commodity Futures Trading Commission (or the application or official interpretation of any thereof) by virtue of such Credit Party’s failure for any reason
to constitute an “eligible contract participant” as defined in the Commodity Exchange Act and the regulations thereunder at the time the liability for or the guarantee of such Credit Party or the grant of such security interest becomes
effective with respect to such Swap Obligation (such determination being made after giving effect to any applicable keepwell, support or other agreement for the benefit of the applicable Credit Party, including under the keepwell provisions in the
Guaranty Agreement). If a Swap Obligation arises under a master agreement governing more than one swap, such exclusion shall apply only to the portion of such Swap Obligation that is attributable to swaps for which such guarantee or security
interest is or becomes illegal for the reasons identified in the immediately preceding sentence of this definition. 

“Excluded Taxes” shall mean any of the following Taxes imposed on or with respect to a Recipient or required
to be withheld or deducted from a payment to a Recipient, (a) Taxes imposed on or measured by net income (however denominated), franchise Taxes, and branch profits Taxes, in each case, (i) imposed as a result of such Recipient being organized under
the laws of, or having its principal office or, in the case of any Lender, its applicable Lending Office located in, the jurisdiction imposing such Tax (or any political subdivision thereof) or (ii) that are Other Connection Taxes, (b) in the case
of a Lender, United States federal withholding Taxes imposed on amounts payable to or for the account of such Lender with respect to an applicable interest in a Loan or Commitment pursuant to a law in effect on the date on which (i) such Lender
acquires such interest in the Loan or Commitment (other than pursuant to an assignment request by the Borrower under Section 4.12(b)) or (ii) such Lender changes its Lending Office, except in each case to the extent that, pursuant to
Section 4.11, amounts with respect to such Taxes were payable either to such Lender’s assignor immediately before such Lender became a party hereto or to such Lender immediately before it changed its Lending Office, (c) Taxes
attributable to such Recipient’s failure to comply with Section 4.11(g) and (d) any United States federal withholding Taxes imposed under FATCA. 

“Existing Credit Agreement” shall have the meaning set forth in the recitals. 

“Existing Letters of Credit” shall mean those letters of credit existing on the Closing Date and identified
on Schedule 3.1. 
 “Extending Lender” has the meaning assigned thereto in Section 2.7(a).

  
 10 

 “Extension Request” has the meaning assigned thereto in
Section 2.7(a). 
 “Extensions of Credit” shall mean, as to any Lender at any time, (i) an
amount equal to the sum of (A) the aggregate principal amount of all Revolving Credit Loans made by such Lender then outstanding, (B) such Lender’s Revolving Credit Commitment Percentage of the L/C Obligations then outstanding,
(C) such Lender’s Revolving Credit Commitment Percentage of the Swingline Loans then outstanding and (D) the aggregate principal amount of the Term Loans made by such Lender then outstanding, or (ii) the making of any Loan or
participation in any Letter of Credit by such Lender, as the context requires. 
 “Fair Market Value” shall
mean, with respect to any assets or Property (other than cash), the price that could be negotiated in an arm’s-length free market transaction for cash, between a willing seller and a willing buyer, neither of whom is under pressure or
compulsion to complete the transaction. Unless otherwise specified, (i) in the case of assets or Property with a net book value on the books of the Borrower or any Subsidiary at the date of determination of less than $15,000,000, Fair Market Value
shall be determined by the chief financial officer or treasurer of the Borrower acting in good faith and such determination shall be evidenced by a certificate of the officer making such determination, (ii) in the case of assets or Property with a
net book value on the books of the Borrower or any Subsidiary at the date of determination of greater than or equal to $15,000,000, but less than $30,000,000, Fair Market Value shall be determined by the Board of Directors of the Borrower acting in
good faith and shall be evidenced by a certified resolution of the Board of Directors of the Borrower, and (iii) in the case of assets or Property with a net book value on the books of the Borrower or its Subsidiaries at the date of determination of
greater than or equal to $30,000,000, Fair Market Value shall be determined by an investment banking firm, accounting firm or appraisal firm of national recognition that is not an Affiliate of the Borrower or any of its Subsidiaries, which firm
shall evidence its determination by a written opinion setting forth the Fair Market Value. 
 “FATCA” shall
mean Sections 1471 through 1474 of the Code, as of the date of this Agreement (or any amended or successor version that is substantively comparable and not materially more onerous to comply with), any current or future regulations or official
interpretations thereof and any agreements entered into pursuant to Section 1471(b)(1) of the Code. 
 “Federal
Funds Rate” shall mean, 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, as published by the Federal Reserve Bank of New York on
the Business Day next succeeding such day, provided that if such rate is not so published for any day which is a Business Day, the Federal Funds Rate for such day shall be the average of the quotation for such day on such transactions
received by the Administrative Agent from three federal funds brokers of recognized standing selected by the Administrative Agent. Notwithstanding the foregoing, if the Federal Funds Rate shall be less than zero, such rate shall be deemed to be
zero for purposes of this Agreement. 
 “Fee Letters” shall mean, collectively, the fee letter agreement
dated as of the date hereof among the Borrower, Wells Fargo Securities, LLC and the Administrative Agent, and the fee letter agreement dated as of the date hereof between the Borrower and U.S. Bank. 

  
 11 

 “Financial Covenants” shall mean, collectively, the covenants of
the Borrower contained in Section 8.11. 
 “Fiscal Quarter” shall mean for any Fiscal Year of the
Borrower and its Subsidiaries, the fiscal quarters ending on the Saturday closest to the last day of each of May, August and November and the last day of such Fiscal Year. 

“Fiscal Year” shall mean the Fiscal Year of the Borrower ending on the Saturday closest to the last day of
February of each calendar year. For purposes of this Agreement, any particular Fiscal Year shall be designated by reference to the calendar year in which such Fiscal Year ends (e.g., Fiscal Year 2016 shall be the Fiscal Year of the
Borrower ended February 27, 2016). 
 “Foreign Lender” shall mean a Lender that is not a U.S. Person. 

“Foreign Subsidiary” shall mean any Subsidiary that is not a Domestic Subsidiary. 

“Fronting Exposure” shall mean, at any time there is a Defaulting Lender, (i) with respect to any Issuing
Lender, such Defaulting Lender’s Revolving Credit Commitment Percentage of the outstanding L/C Obligations other than L/C Obligations as to which such Defaulting Lender’s participation obligation has been reallocated to other Lenders or
Cash Collateral or other credit support acceptable to such Issuing Lender shall have been provided in accordance with the terms hereof and (ii) with respect to the Swingline Lender, such Defaulting Lender’s Revolving Credit Commitment
Percentage of Swingline Loans other than Swingline Loans as to which such Defaulting Lender’s participation obligation has been reallocated to other Lenders, repaid by the Borrower or for which Cash Collateral or other credit support acceptable
to the Swingline Lender shall have been provided in accordance with the terms hereof. 
 “Fund” shall mean
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. 

“Funded Debt” shall mean, for any Person, all Indebtedness of such Person other than (a) any surety bond or
any other obligations of like nature, including, without limitation, letters of credit serving the same function as a surety bond, provided, that such surety bond or other obligation has been provided to such Person in the ordinary course of such
Person’s business, and provided further, that if there has been a demand or drawing made under any such surety bond or other obligation, then such surety bond or other obligation shall be included as Funded Debt of such Person in an amount
equal to the unreimbursed amount of such demand or the unreimbursed amount of such drawing, (b) any trade payable incurred in the ordinary course of such Person’s business so long as no note or similar instrument has been executed by such
Person in connection with such trade payable and (c) Indebtedness in respect of any letter of credit that supports industrial revenue bond obligations owing by the Borrower or any of its Domestic Subsidiaries to the extent such industrial revenue
bond obligations are included in the calculation of Indebtedness. 
 “GAAP” shall mean generally accepted
accounting principles in the United States set forth in the opinions and pronouncements of the Accounting Principles Board and the American Institute of Certified Public Accountants and statements and pronouncements of the Financial

  
 12 

 
Accounting Standards Board or such other principles as may be approved by a significant segment of the accounting profession in the United States, that are applicable to the circumstances as of
the date of determination, consistently applied. 
 “Governmental Authority” shall mean the government of
the United States or any other nation, or of any political subdivision thereof, whether state or local, and any agency, authority, instrumentality, regulatory body, court, central bank or other entity exercising executive, legislative, judicial,
taxing, regulatory or administrative powers or functions of or pertaining to government (including any supra-national bodies such as the European Union or the European Central Bank). 

“Guaranty” shall mean, with respect to any Person, any obligation, contingent or otherwise, of such Person
guaranteeing or having the economic effect of guaranteeing any Indebtedness of any other Person (the “primary obligor”) in any manner, whether directly or indirectly, and including any obligation of such Person, (i) to purchase or
pay (or advance or supply funds for the purchase or payment of) such Indebtedness or to purchase (or to advance or supply funds for the purchase of) any security for the payment of such Indebtedness, (ii) to purchase property, securities or services
for the purpose of assuring the holder of such Indebtedness of the payment of such Indebtedness or (iii) to maintain working capital, equity capital or the financial condition or liquidity of the primary obligor so as to enable the primary obligor
to pay such Indebtedness. The terms “Guaranteed”, “Guaranteeing” and “Guarantor” shall have corresponding meanings. 

“Hazardous Substance” shall mean any substance, in any concentration or mixture, that is (i) listed,
classified or regulated pursuant to any Environmental Law, (ii) any petroleum product, by-product or derivative, asbestos containing material, polychlorinated biphenyls, radioactive material or radon or (iii) any waste regulated by any Environmental
Law. 
 “Increased Amount Date” has the meaning assigned thereto in
Section 4.13. 
 “Incremental Lender” has the meaning assigned thereto in
Section 4.13. 
 “Incremental Loan Commitments” has the meaning assigned
thereto in Section 4.13. 
 “Incremental Loans” has the meaning assigned
thereto in Section 4.13. 
 “Incremental Revolving Credit Commitment” has
the meaning assigned thereto in Section 4.13. 
 “Incremental Revolving Credit Increase” has the
meaning assigned thereto in Section 4.13. 
 “Indebtedness” shall mean, with respect to any Person,
as determined on a Consolidated basis, (i) all obligations of such Person for borrowed money or for the deferred purchase price of property or services (including all obligations, contingent or otherwise, of such Person in connection with letters of
credit, bankers’ acceptances, Interest Rate Protection Agreements (with the valuation thereof determined in accordance with GAAP) or other similar instruments, including currency swaps) other than indebtedness to trade creditors and service
providers 

  
 13 

 
incurred in the ordinary course of business and payable on usual and customary terms, (ii) all obligations of such Person evidenced by bonds, notes, debentures or other similar instruments, (iii)
all indebtedness created or arising under any conditional sale or other title retention agreement with respect to property acquired by such Person (even though the remedies available to the seller or lender under such agreement are limited to
repossession or sale of such property), (iv) all Capital Lease Obligations of such Person, (v) all obligations of the types described in clauses (i), (ii), (iii) or (iv) above secured by (or for which the obligee has an existing right, contingent or
otherwise, to be secured by) any Lien upon or in any property (including accounts, contract rights and other intangibles) owned by such Person, even though such Person has not assumed or become liable for the payment of such Indebtedness, (vi) all
preferred stock issued by such Person which is redeemable prior to full satisfaction of the Borrower’s obligations under the Loan Documents (including repayment in full of the Loans and all interest accrued thereon), other than at the option of
such Person, valued at the greater of its voluntary or involuntary liquidation preference plus accrued and unpaid dividends, (vii) all Indebtedness of others Guaranteed by such Person and (viii) all Indebtedness of any partnership of which such
Person is a general partner. 
 “Indemnified Taxes” shall mean (a) Taxes other than Excluded Taxes and (b)
to the extent not otherwise described in (a), Other Taxes. 
 “Interest Coverage Ratio” shall mean, as of
any date of determination, the ratio of (a) EBITDA for the period of four (4) consecutive fiscal quarters ending on or immediately prior to such date to (b) Interest Expense for the period of four (4) consecutive fiscal quarters ending on
or immediately prior to such date. 
 “Interest Expense” shall mean, for any period, interest expense
(including, without limitation, interest expense attributable to Capital Lease Obligations and all net payment obligations pursuant to Secured Hedge Agreements) for the Borrower and its Subsidiaries for such period determined on a Consolidated
basis, without duplication, in accordance with GAAP. 
 “Interest Period” has the meaning assigned thereto
in Section 4.1(b). 
 “Interest Rate Protection Agreement” shall mean any
interest rate swap agreement, interest rate cap agreement, interest rate floor agreement, interest rate collar agreement, interest rate option or any other agreement regarding the hedging of interest rate risk exposure executed in connection with
hedging the interest rate exposure of any Person and any confirming letter executed pursuant to such agreement, all as amended, restated, supplemented or otherwise modified from time to time. 

“Investment” shall have the meaning provided in the preamble to Section 8.4.

 “ISP98” shall mean the International Standby Practices (1998 Revision, effective January 1, 1999),
International Chamber of Commerce Publication No. 590. 
 “Issuing Lenders” shall mean (a) with
respect to Letters of Credit issued hereunder on or after the Restatement Closing Date, Wells Fargo and U.S. Bank, and (b) with respect to the Existing Letters of Credit, Wells Fargo, in its capacity as issuer thereof. 

  
 14 

 “Joinder Agreement” shall mean a joinder agreement in form and
substance reasonably acceptable to the Administrative Agent. 
 “L/C Commitment” shall mean
the lesser of (i) $70,000,000 and (ii) the Revolving Credit Commitments of all the Lenders; provided, that with respect to (i) Wells Fargo, in its capacity as an Issuing Lender, the L/C Commitment shall be $35,000,000, and (ii) U.S. Bank, in
its capacity as an Issuing Lender, the L/C Commitment shall be $35,000,000 (with the foregoing limits in clauses (i) and (ii) relating only to Letters of Credit issued by the applicable Issuing Lender) or, in each case, such greater amount as such
Issuing Lender may agree (subject to the aggregate $70,000,000 cap specified above). 
 “L/C Obligations”
shall mean at any time, an amount equal to the sum of (i) the aggregate undrawn and unexpired amount of the then outstanding Letters of Credit and (ii) the aggregate amount of drawings under Letters of Credit which have not then been reimbursed
pursuant to Section 3.5. 
 “L/C Participants” shall mean the collective
reference to all the Revolving Credit Lenders other than the applicable Issuing Lender. 
 “Leasehold”
shall mean, with respect to any Person, all of the right, title and interest of such Person as lessee or licensee in, to and under leases or licenses of land, improvements and/or fixtures. 

“Lender” shall mean each Person executing this Agreement as a Lender on the Restatement Closing Date and any
other Person that shall have become a party to this Agreement as a Lender pursuant to an Assignment and Assumption or pursuant to Section 4.13, other than any Person that ceases to be a party hereto as a Lender pursuant to an Assignment and
Assumption. Unless the context otherwise requires, the term “Lenders” includes the Swingline Lender. 

“Lending Office” shall mean, with respect to any Lender, the office of such Lender maintaining such
Lender’s Extensions of Credit. 
 “Letter of Credit Application” shall mean an application, in the
form specified by the applicable Issuing Lender from time to time, requesting such Issuing Lender to issue a Letter of Credit. 

“Letters of Credit” shall mean, the collective reference to letters of credit issued pursuant to
Section 3.1 and the Existing Letters of Credit.
 “Leverage Ratio” shall mean, at
any date of determination, the ratio of (i) Funded Debt of the Borrower and its Subsidiaries on a Consolidated basis, less any cash held to secure Indebtedness in respect of any letter of credit set forth on Schedule 8.3 or incurred pursuant
to Section 8.3(g), to the extent such letter of credit supports industrial revenue bond obligations owing by the Borrower or any of its Domestic Subsidiaries, to (ii) EBITDA for the period of four fiscal quarters ending on such date. 

“LIBOR” shall mean, 

  
 15 

 (i)        for any
interest rate calculation with respect to a LIBOR Rate Loan the rate of interest per annum determined on the basis of the rate as set by the ICE Benchmark Administration (“ICE”) (or the successor thereto if ICE is no longer making
such rate available) for deposits in Dollars for a period equal to the applicable Interest Period which appears on Reuters Screen LIBOR01 Page (or any applicable successor page) at approximately 11:00 a.m. (London time) two (2) London Banking Days
prior to the first day of the applicable Interest Period. If, for any reason, such rate does not appear on Reuters Screen LIBOR01 Page (or any applicable successor page), then “LIBOR” shall be determined by the Administrative Agent to
be the arithmetic average of the rate per annum at which deposits in Dollars would be offered by first class banks in the London interbank market to the Administrative Agent at approximately 11:00 a.m. (London time) two (2) London Banking Days prior
to the first day of the applicable Interest Period for a period equal to such Interest Period, and

(ii)        for any interest rate calculation with respect to a Base
Rate Loan, the rate of interest per annum determined on the basis of the rate as set by ICE (or the successor thereto if ICE is no longer making such rate available) for deposits in Dollars for an Interest Period equal to one month (commencing
on the date of determination of such interest rate) which appears on the Reuters Screen LIBOR01 Page (or any applicable successor page) at approximately 11:00 a.m. (London time) on such date of determination, or, if such date is not a Business Day,
then the immediately preceding Business Day. If, for any reason, such rate does not appear on Reuters Screen LIBOR01 Page (or any applicable successor page) then “LIBOR” for such Base Rate Loan shall be determined by the
Administrative Agent to be the arithmetic average of the rate per annum at which deposits in Dollars would be offered by first class banks in the London interbank market to the Administrative Agent at approximately 11:00 a.m. (London time) on such
date of determination for a period equal to one month commencing on such date of determination. 
 Each calculation by the
Administrative Agent of LIBOR shall be conclusive and binding for all purposes, absent manifest error. To the extent a comparable or successor rate is approved by the Administrative Agent in connection herewith, the approved rate shall be
applied to the applicable Interest Period in a manner consistent with market practice as reasonably determined by the Administrative Agent; provided that if such market practice is reasonably determined by the Administrative Agent to not be
administratively feasible, such approved rate shall be applied in a manner reasonably determined by the Administrative Agent. 

Notwithstanding the foregoing, in no event shall LIBOR be less than 0%. 

“LIBOR Rate” shall mean a rate per annum determined by the Administrative Agent pursuant to the following
formula: 
  

			
	LIBOR Rate =    	  	LIBOR
		  	  

		  	    1.00-Eurodollar Reserve Percentage    

  
 16 

 “LIBOR Rate Loan” shall mean any Loan (other than a Base Rate
Loan) bearing interest at a rate based upon the LIBOR Rate as provided in Section 4.1(a). 

“Lien” shall mean, with respect to any asset of a Person, (i) any mortgage, deed of trust, lien, pledge,
encumbrance, charge or security interest in or on such asset, (ii) the interest of a vendor or lessor under any conditional sale agreement, capital lease or title retention agreement relating to such asset, and (iii) in the case of securities, any
purchase option, call or similar right of any other Person with respect to such securities. 
 “Like-Kind
Exchange” shall mean a transaction that qualifies for non-recognition treatment as a like-kind exchange pursuant to Section 1031 of the Code and the regulations promulgated thereunder, provided that (i) the Fair Market Value of the assets
or Properties received must be equal to or greater than the Fair Market Value of the assets or Properties transferred and (ii) no single Like-Kind Exchange transaction may transfer assets or Properties with a Fair Market Value greater than
$25,000,000; provided, further, that the appropriate certification of the “Fair Market Value of assets or Properties received” required under the second sentence of the definition of Fair Market Value shall be made using the book value to
be recorded on the books of the Borrower or applicable Subsidiary after the completion of the transaction. 
 “Loan
Documents” shall mean, collectively, this Agreement, each Note, the Letter of Credit Applications, the Security Documents and each other document, instrument, certificate and agreement executed and delivered by the Credit Parties or any of
their respective Subsidiaries in favor of or provided to the Administrative Agent or any Secured Party in connection with this Agreement or otherwise referred to herein or contemplated hereby (excluding any Secured Hedge Agreement and any Secured
Cash Management Agreement), all as may be amended, restated, supplemented or otherwise modified from time to time. 

“Loans” shall mean the collective reference to the Revolving Credit Loans, the Term Loans and the Swingline
Loans, and “Loan” shall mean any of such Loans. 
 “London Banking Day” shall mean any day on
which dealings in Dollar deposits are conducted by and between banks in the London interbank Eurodollar market. 

“Margin Regulations” shall mean, collectively, Regulations T, U and X of the Federal Reserve Board. 

“Material Adverse Effect” shall mean (i) any material and adverse effect on the consolidated business,
properties, condition (financial or otherwise) or operations, present or prospective, of the Borrower and its Subsidiaries, (ii) any material and adverse effect on the ability of the Borrower or the Borrower and its Subsidiaries taken as a whole to
timely perform any of its or their material obligations, or of the Lenders to exercise any remedy under any Loan Document or (iii) any adverse effect on the legality, validity, binding nature or enforceability of any Loan Document. 

“Maturity Date” shall mean the earliest to occur of (i) November 2, 2021 (as such date may be extended
pursuant to Section 2.7 hereof), (ii) the date of termination of the entire 

  
 17 

 
Revolving Credit Commitment by the Borrower pursuant to Section 2.5, or (iii) the date of termination of the Revolving Credit Commitment pursuant to
Section 9.2(a). 
 “Moody’s” shall mean Moody’s Investors Service, Inc.
and any successor thereto. 
 “Multiemployer Plan” shall mean a “multiemployer plan” as defined
in Section 4001(a)(3) of ERISA, to which any member of the ERISA Group is making or accruing an obligation to make contributions or has within the preceding five plan years made or accrued contributions. 

“Net Worth” shall mean, as of any date of determination, the total Consolidated stockholders’ equity
(determined without duplication) of the Borrower and its Subsidiaries at such date. 
 “Non-Consenting
Lender” shall mean any Lender that has not consented to any proposed amendment, modification, waiver or termination of any Loan Document which, pursuant to Section 11.2, requires the consent of all Lenders or all affected Lenders and
with respect to which the Required Lenders shall have granted their consent. 
 “Notes” shall mean the
collective reference to the Revolving Credit Notes, the Term Loan Notes and the Swingline Note. 
 “Notice of
Account Designation” has the meaning assigned thereto in Section 2.3(b). 

“Notice of Borrowing” has the meaning assigned thereto in Section 2.3(a). 

“Notice of Conversion/Continuation” has the meaning assigned thereto in
Section 4.2. 
 “Notice of Prepayment” has the meaning assigned thereto in
Section 2.4(c). 
 “Obligations” shall mean, in each case, whether now in
existence or hereafter arising: (i) the principal of and interest on (including interest accruing after the filing of any bankruptcy or similar petition) the Loans, (ii) the L/C Obligations and (iii) all other fees and commissions
(including attorneys’ fees), charges, indebtedness, loans, liabilities, financial accommodations, obligations, covenants and duties owing by the Credit Parties to the Lenders, the other Secured Parties, if any, or the Administrative Agent under
any Loan Document or otherwise with respect to any Loan or Letter of Credit, of every kind, nature and description, direct or indirect, absolute or contingent, due or to become due, contractual or tortious, liquidated or unliquidated, and whether or
not evidenced by any note and including interest and fees that accrue after the commencement by or against any Credit Party or any Affiliate thereof of any proceeding under any federal bankruptcy laws (as now or hereafter in effect) or under any
other laws, domestic or foreign, relating to bankruptcy, insolvency, reorganization, winding up or adjustment of debts, naming such Person as the debtor in such proceeding, regardless of whether such interest and fees are allowed claims in such
proceeding. 
 “OFAC” shall mean the U.S. Department of the Treasury’s Office of Foreign Assets
Control. 

  
 18 

 “Original Closing Date” shall mean January 27, 2011. 

“Other Connection Taxes” shall mean, with respect to any Recipient, Taxes imposed as a result of a present or
former connection between such Recipient and the jurisdiction imposing such Tax (other than connections arising from such Recipient having executed, delivered, become a party to, performed its obligations under, received payments under, received or
perfected a security interest under, engaged in any other transaction pursuant to or enforced any Loan Document, or sold or assigned an interest in any Loan or Loan Document). 

“Other Hedge Agreements” shall mean any foreign exchange contracts, currency swap agreements, commodity
hedging agreements or other similar agreements or arrangements designed to protect against fluctuations in currency values or the prices of commodities used in the business of the Borrower and its Subsidiaries. 

“Other Taxes” shall mean all present or future stamp, court, documentary, excise, property, intangible,
recording, filing or similar Taxes that arise from any payment made under, from the execution, delivery, performance, enforcement or registration of, from the receipt or perfection of a security interest under, or otherwise with respect to, any Loan
Document, except any such Taxes that are Other Connection Taxes imposed with respect to an assignment (other than an assignment made pursuant to Section 4.12). 

“Participant” has the meaning assigned thereto in Section 11.9(d). 

“Participant Register” has the meaning specified in Section 11.9(e). 

“PATRIOT Act” shall mean the USA PATRIOT Act (Title III of Pub. L. 107-56 (signed into law October 26,
2001)), as amended. 
 “PBGC” shall mean the Pension Benefit Guaranty Corporation referred to and defined
in ERISA or any successor thereto. 
 “Pension Plan” shall mean a Plan that (i) is an employee pension
benefit plan, as defined in Section 3(3) of ERISA (other than a Multiemployer Plan) and (ii) is subject to the provisions of Title IV of ERISA or is subject to the minimum funding standards under Section 412 of the Code. 

“Permitted Liens” shall have the meaning provided in Section 8.2. 

“Person” shall mean any natural person, corporation, limited liability company, trust, joint venture,
association, company, partnership, governmental authority or other entity. 
 “Plan” shall mean an employee
benefit plan as defined in Section 3(3) of ERISA (other than a Multiemployer Plan) which is maintained or contributed to by the Borrower or any member of the ERISA Group or, with respect to a Pension Plan, has within the preceding five years been
maintained or contributed to by the Borrower or any member of the ERISA Group. 
 “Platform” shall mean
Debt Domain, Intralinks, SyndTrak or a substantially similar electronic transmission system. 

  
 19 

 “Prime Rate” shall mean, for any day, a rate per annum equal to
the rate last quoted by The Wall Street Journal as the “Prime Rate” in the United States or, if The Wall Street Journal ceases to quote such rate, the highest per annum interest rate published by the Federal Reserve Board in Federal
Reserve Statistical Release H.15 (519) (Selected Interest Rates) as the “bank prime loan” rate or, if such rate is no longer quoted therein, any similar rate quoted therein (as determined by the Administrative Agent) or any similar release
by the Federal Reserve Board (as determined by the Administrative Agent). 
 “Property” shall mean any
interest in any kind of property or asset, whether real, personal or mixed, or tangible or intangible, whether now owned or hereafter acquired. 

“Real Property” of any Person shall mean all of the right, title and interest of such Person in and to land,
improvements and fixtures, including Leaseholds. 
 “Recipient” shall mean (a) the Administrative Agent,
(b) any Lender and (c) any Issuing Lender, as applicable. 
 “Register” has the meaning assigned thereto in
Section 11.9(c). 
 “Reimbursement Obligation” shall mean the obligation of the
Borrower to reimburse the Issuing Lenders pursuant to Section 3.5 for amounts drawn under Letters of Credit. 

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

“Release” shall have the meaning set forth in the Comprehensive Environmental Response, Compensation and
Liability Act of 1980, as amended (“CERCLA”) (42 U.S.C. Section 9601 et seq.). 

“Required Lenders” shall mean, at any time, Lenders having Total Credit Exposures representing more than
fifty percent (50%) of the Total Credit Exposures of all Lenders. The Total Credit Exposure of any Defaulting Lender shall be disregarded in determining Required Lenders at any time. 

“Response Date” has the meaning assigned thereto in Section 2.7(a). 

“Responsible Officer” shall mean the chief executive officer, president, chief financial officer, treasurer
or any senior vice president or executive vice president of the Borrower. Any document delivered hereunder or under any other Loan Document that is signed by a Responsible Officer of a Person shall be conclusively presumed to have been authorized by
all necessary corporate, partnership and/or other action on the part of such Person and such Responsible Officer shall be conclusively presumed to have acted on behalf of such Person. 

“Restatement Closing Date” shall mean the date of this Agreement or such later Business Day upon which each
condition described in Section 5.1 shall be satisfied or waived in all respects in a manner acceptable to the Administrative Agent, in its sole discretion. 

  
 20 

 “Revaluation Date” shall mean, with respect to any Letter of
Credit, each of the following: (A) each date of an amendment of such Letter of Credit having the effect of increasing the amount thereof, (B) the last Business Day of each calendar quarter and (C) such additional dates as the Administrative Agent or
the applicable Issuing Lender shall determine or the Required Lenders shall require. 
 “Revolving Credit
Commitment” shall mean (i) as to any Revolving Credit Lender, the obligation of such Revolving Credit Lender to make Revolving Credit Loans to and to purchase participations in L/C Obligations and Swingline Loans for the account of,
the Borrower hereunder in an aggregate principal amount at any time outstanding not to exceed the amount set forth opposite such Lender’s name in Schedule 1.2, as such amount may be modified at any time or from time to time
pursuant to the terms hereof (including, without limitation, Section 4.13) and (ii) as to all Revolving Credit Lenders, the aggregate commitment of all Revolving Credit Lenders to make Revolving Credit
Loans, as such amount may be modified at any time or from time to time pursuant to the terms hereof (including, without limitation, Section 4.13). The aggregate Revolving Credit Commitment of all the
Revolving Credit Lenders as of the Restatement Closing Date is $175,000,000. 
 “Revolving Credit Commitment
Percentage” shall mean, with respect to any Revolving Credit Lender at any time, the percentage of the total Revolving Credit Commitments of all the Revolving Credit Lenders represented by such Revolving Credit Lender’s Revolving
Credit Commitment. If the Revolving Credit Commitments have terminated or expired, the Revolving Credit Commitment Percentages shall be determined based upon the Revolving Credit Commitments most recently in effect, giving effect to any
assignments. The Revolving Credit Commitment Percentage of each Revolving Credit Lender on the Restatement Closing Date is set forth opposite the name of such Lender on Schedule 1.2. 

“Revolving Credit Exposure” shall mean, as to any Revolving Credit Lender at any time, the aggregate
principal amount at such time of its outstanding Revolving Credit Loans and such Revolving Credit Lender’s participation in L/C Obligations and Swingline Loans at such time. 

“Revolving Credit Facility” shall mean the revolving credit facility established pursuant to
Article II (including any increase in such revolving credit facility in connection with any incremental revolving credit facilities established pursuant to Section 4.13). 

“Revolving Credit Lenders” shall mean, collectively, all of the Lenders with a Revolving Credit Commitment.

 “Revolving Credit Loan” shall mean any revolving loan made to the Borrower pursuant to
Section 2.1 (including any Incremental Loan), and all such revolving loans collectively as the context requires. 

“Revolving Credit Note” shall mean a promissory note made by the Borrower in favor of a Lender evidencing the
Revolving Credit Loans made by such Lender, substantially in the form attached as Exhibit A-1, and any amendments, supplements and modifications thereto, any substitutes therefor, and any replacements, restatements, renewals or
extension thereof, in whole or in part. 

  
 21 

 “Revolving Credit Outstandings” shall mean the sum of
(a) with respect to Revolving Credit Loans and Swingline Loans on any date, the aggregate outstanding principal amount thereof after giving effect to any borrowings and prepayments or repayments of Revolving Credit Loans and Swingline Loans, as
the case may be, occurring on such date; plus (b) with respect to any L/C Obligations on any date, the aggregate outstanding amount thereof on such date after giving effect to any Extensions of Credit occurring on such date and any other
changes in the aggregate amount of the L/C Obligations as of such date, including as a result of any reimbursements of outstanding unpaid drawings under any Letters of Credit or any reductions in the maximum amount available for drawing under
Letters of Credit taking effect on such date. 
 “Revolving Extensions of Credit” means (a) any
Revolving Credit Loan then outstanding, (b) any Letter of Credit then outstanding or (c) any Swingline Loan then outstanding. 

“S&P” shall mean Standard & Poor’s Financial Services LLC, a part of McGraw-Hill Financial, and
any successor thereto. 
 “Sanctioned Country” shall mean at any time, a country or territory which is
itself the subject or target of any Sanctions (including, without limitation, Crimea, Cuba, Iran, North Korea, Sudan and Syria). 

“Sanctioned Person” shall mean, at any time, (a) any Person listed in any Sanctions-related list of
designated Persons maintained by OFAC, the U.S. Department of State, the United Nations Security Council, or other relevant sanctions authority, (b) to the Borrower’s knowledge, without inquiry, any Person listed in any Sanctions-related list
of designated Persons maintained by the European Union or Her Majesty’s Treasury, (c) any Person operating, organized or resident in a Sanctioned Country or (d) any Person owned or controlled by any such Person or Persons described in clauses
(a), (b) and (c). 
 “Sanctions” shall mean economic or financial sanctions or trade embargoes imposed,
administered or enforced from time to time by (a) the U.S. government (including those administered by OFAC and the U.S. Department of State), the UN Security Council, or other relevant sanctions authority, or (b) to the Borrower’s knowledge,
without inquiry, the European Union or Her Majesty’s Treasury. 
 “SEC” shall mean the Securities and
Exchange Commission, or any Governmental Authority succeeding to any of its principal functions. 
 “Secured Cash
Management Agreement” shall mean any Cash Management Agreement that is entered into by and between any Credit Party and any Cash Management Bank. 

“Secured Cash Management Obligations” shall mean all existing or future payment and other obligations owing
by the Borrower or any of its Subsidiaries under any Secured Cash Management Agreement. 
 “Secured Hedge
Agreement” shall mean any Interest Rate Protection Agreement or Other Hedge Agreement entered into by the Borrower or any of its Subsidiaries and any Lender or any Affiliate thereof at the time such agreement was entered into, as
counterparty. For the avoidance of doubt, (i) all Interest Rate Protection Agreements and Other Hedge Agreements provided by 

  
 22 

 
the Administrative Agent or any of its Affiliates and (ii) all Interest Rate Protection Agreements and Other Hedge Agreements in existence on the Restatement Closing Date between the Borrower or
any of its Subsidiaries and any Lender or Affiliates thereof, shall constitute Secured Hedge Agreements. 
 “Secured
Hedge Obligations” shall mean all existing or future payment and other obligations owing by the Borrower or any of its Subsidiaries under any Secured Hedge Agreement; provided, however, that with respect to any Subsidiary Guarantor, the
Secured Hedge Obligations Guaranteed by such Subsidiary Guarantor shall exclude all Excluded Swap Obligations. 

“Secured Obligations” shall mean, collectively, (a) the Obligations, (b) all Secured Hedge Obligations,
and (c) all Secured Cash Management Obligations. 
 “Secured Parties” shall mean collectively, the Lenders,
the Administrative Agent, the Swingline Lender, any Issuing Lender, any counterparty to a Secured Hedge Agreement, any counterparty to a Secured Cash Management Agreement, any other holder from time to time of any of the Obligations and, in each
case, their respective successors and permitted assigns. 
 “Security Documents” shall mean the collective
reference to the Collateral Agreement, the Subsidiary Guaranty Agreement, and each other agreement or writing pursuant to which any Credit Party purports to pledge or grant a security interest in any Property or assets securing the Obligations or
any such Person purports to guaranty the payment and/or performance of the Obligations, in each case, as amended, restated, supplemented or otherwise modified from time to time. 

“Solvent” and “Solvency” shall mean, with respect to any Person on any date of
determination, that on such date (a) the fair value of the Property of such Person is greater than the total amount of liabilities, including contingent liabilities, of such Person, (b) the present fair salable value of the Property of
such Person is not less than the amount that will be required to pay the probable liability of such Person on its debts as they become absolute and matured, (c) such Person does not intend to, and does not believe that it will, incur debts or
liabilities beyond such Person’s ability to pay such debts and liabilities as they mature, (d) such Person is not engaged in business or a transaction, and is not about to engage in business or a transaction, for which such Person’s
property would constitute an unreasonably small capital, and (e) such Person is able to pay its debts and liabilities, contingent obligations and other commitments as they mature in the ordinary course of business. The amount of contingent
liabilities at any time shall be computed as the amount that, in the light of all the facts and circumstances existing at such time, represents the amount that can reasonably be expected to become an actual or matured liability. 

“Specified Obligations” shall mean, collectively, (a) all Secured Hedge Obligations and (b) all
Obligations owing by the Borrower or any of its Subsidiaries under any Secured Cash Management Agreement. 

“Subsidiary” shall mean, with respect to any Person, (i) any corporation more than 50% of whose stock of
any class or classes having by the terms thereof ordinary voting power to elect 

  
 23 

 
a majority of the directors of such corporation (irrespective of whether or not at the time stock of any class or classes of such corporation shall have or might have voting power by reason of
the happening of any contingency) is at the time owned by such Person directly or indirectly through one or more Subsidiaries of such Person and (ii) any partnership, association, limited liability company, joint venture or other entity or
organizational form (other than a corporation) in which such Person directly or indirectly through one or more Subsidiaries of such Person, has more than a 50% Equity Interest at the time. Unless the context otherwise requires, each reference
to a Subsidiary herein shall be a reference to a Subsidiary of the Borrower 
 “Subsidiary Guarantor” shall
mean each Subsidiary of the Borrower which has executed and delivered the Subsidiary Guaranty Agreement, unless and until such time as the respective Subsidiary is released from all of its obligations under the Subsidiary Guaranty Agreement in
accordance with the terms and provisions thereof. 
 “Subsidiary Guaranty Agreement” shall mean the Second
Amended and Restated Guaranty Agreement of even date herewith executed by the Subsidiary Guarantors in favor of the Administrative Agent, for the ratable benefit of the Secured Parties, as amended, restated, supplemented or otherwise modified from
time to time. 
 “Swap Obligation” shall mean, with respect to any Subsidiary Guarantor, any obligation to
pay or perform under any agreement, contract or transaction that constitutes a “swap” within the meaning of Section 1a(47) of the Commodity Exchange Act. 

“Swingline Commitment” shall mean the lesser of (i) $17,500,000 and (ii) the Revolving Credit
Commitment. 
 “Swingline Lender” shall mean Wells Fargo in its capacity as swingline lender hereunder or
any successor thereto. 
 “Swingline Loan” shall mean any swingline loan made by the Swingline Lender to
the Borrower pursuant to Section 2.2, and all such swingline loans collectively as the context requires. 

“Swingline Note” shall mean a promissory note made by the Borrower in favor of the Swingline Lender
evidencing the Swingline Loans made by the Swingline Lender, substantially in the form attached as Exhibit A-2, and any amendments, supplements and modifications thereto, any substitutes therefor, and
any replacements, restatements, renewals or extension thereof, in whole or in part.
 “Taxes” shall mean
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, fines, additions to tax or penalties
applicable thereto. 
 “Term Loan” has the meaning assigned thereto in Section 4.13. 

“Term Loan Commitment” has the meaning assigned thereto in Section 4.13. 

  
 24 

 “Term Loan Lender” shall mean any Lender with a Term Loan
Commitment and/or outstanding Term Loans. 
 “Term Loan Note” shall mean a promissory note made by the
Borrower in favor of a Term Loan Lender evidencing the portion of the Term Loans made by such Term Loan Lender, substantially in the form attached as Exhibit A-3, and any substitutes therefor, and any
replacements, restatements, renewals or extension thereof, in whole or in part. 
 “Term Loan Percentage”
shall mean, with respect to any Term Loan Lender at any time, the percentage of the total outstanding principal balance of the Term Loans represented by the outstanding principal balance of such Term Loan Lender’s Term Loans. 

“Total Credit Exposure” means, as to any Lender at any time, the unused Commitments, Revolving Credit
Exposure and outstanding Term Loans of such Lender at such time. 
 “Transaction” shall mean, collectively,
(i) the entering into of the Loan Documents and the incurrence of all Loans and the issuance of all Letters of Credit outstanding as of the Restatement Closing Date and (ii) the payment of fees and expenses in connection with the foregoing.

 “UCC” shall have the meaning given in the Collateral Agreement. 

“Unfunded Vested Liabilities” shall mean, with respect to any Plan at any time, the amount (if any) by which
(i) the present value of all vested nonforfeitable accrued benefits under such Plan exceeds (ii) the fair market value of all Plan assets allocable to such benefits, all determined as of the then most recent valuation date for such Plan, but only to
the extent that such excess represents a potential liability of a member of the ERISA Group to the PBGC or such plan under Title IV of ERISA. 

“Uniform Customs” shall mean the Uniform Customs and Practice for Documentary Credits (2006 Revision),
effective July 1, 2007, International Chamber of Commerce Publication No. 600. 
 “U.S.” or
“United States” shall mean the United States of America. 
 “U.S. Bank” shall mean U.S.
Bank National Association, a national banking association, and its successors. 
 “U.S. Person” shall mean
any Person that is a “United States person” as defined in Section 7701(a)(30) of the Code. 
 “U.S.
Tax Compliance Certificate” has the meaning assigned to such term in Section 4.11(g). 

“Wells Fargo” shall mean Wells Fargo Bank, National Association, a national banking association, and its
successors. 

  
 25 

 “Wholly Owned Subsidiary” shall mean, at any time and with
respect to any Person, a Subsidiary, all the shares of stock of all classes of which (other than directors’ qualifying shares) or other ownership interests at the time are owned directly or indirectly by such Person and/or one or more other
Wholly Owned Subsidiaries of such Person. 
 “Withholding Agent” shall mean the Borrower and the
Administrative Agent. 
 “Write-Down and Conversion Powers” shall mean, 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. 
 SECTION 1.2 Other Definitions and Provisions. With reference to this Agreement and each
other Loan Document, unless otherwise specified herein or in such other Loan Document: (a) the definitions of terms herein shall apply equally to the singular and plural forms of the terms defined, (b) whenever the context may require, any
pronoun shall include the corresponding masculine, feminine and neuter forms, (c) the words “include”, “includes” and “including” shall be deemed to be followed by the phrase “without limitation”,
(d) the word “will” shall be construed to have the same meaning and effect as the word “shall”, (e) any reference herein to any Person shall be construed to include such Person’s successors and assigns, (f) the
words “herein”, “hereof” and “hereunder”, and words of similar import, shall be construed to refer to this Agreement in its entirety and not to any particular provision hereof, (g) all references herein to
Articles, Sections, Schedules and Exhibits shall be construed to refer to Articles and Sections of, and Schedules and Exhibits to, this Agreement, (h) the words “asset” and “property” shall be construed to have the same
meaning and effect and to refer to any and all tangible and intangible assets and properties, including cash, securities, accounts and contract rights, (i) the term “documents” includes any and all instruments, documents, agreements,
certificates, notices, reports, financial statements and other writings, however evidenced, whether in physical or electronic form, (j) in the computation of periods of time from a specified date to a later specified date, the word
“from” shall mean “from and including;” the words “to” and “until” each mean “to but excluding;” and the word “through” shall mean “to and including” and
(k) Section headings herein and in the other Loan Documents are included for convenience of reference only and shall not affect the interpretation of this Agreement or any other Loan Document. 

SECTION 1.3 Accounting Terms.

(a)        All accounting terms not specifically or completely defined herein shall be
construed in conformity with, and all financial data (including financial ratios and other financial calculations) required to be submitted pursuant to this Agreement shall be prepared in conformity with GAAP, applied on a consistent basis, as in
effect from time to time and in a manner consistent with that used in preparing the audited financial statements described in Section 6.8(a), except as otherwise specifically prescribed herein; provided, that
if at any time a change in GAAP would affect the application of any provision set forth in any Loan Document, and either the Borrower or the Required Lenders shall so request, the Administrative Agent, the Lenders and the Borrower shall negotiate in
good faith to amend such provision to preserve the original intent thereof in light of such change in GAAP (subject to the approval of the Required 

  
 26 

 
Lenders); provided, further, that until so amended (i) such provision shall continue to be applied in accordance with GAAP prior to such change therein and (ii) the Borrower shall
provide to the Administrative Agent and the Lenders financial statements and other documents required under this Agreement or as reasonably requested hereunder setting forth a reconciliation between the application of such provision made before and
after giving effect to such change in GAAP. Notwithstanding the foregoing, for purposes of determining compliance with any covenant (including the computation of any financial covenant) contained herein, Indebtedness of the Borrower and its
Subsidiaries shall be deemed to be carried at 100% of the outstanding principal amount thereof, and the effects of FASB ASC 825 and FASB ASC 470-20 on financial liabilities shall be disregarded. 

(b)        The financial statements to be furnished to the Lenders pursuant hereto
shall be made and prepared in accordance with GAAP consistently applied throughout the periods involved (except as set forth in the notes thereto or as otherwise disclosed in writing by the Borrower to the Lenders). 

SECTION 1.4        UCC Terms. Terms defined in the UCC in effect on the
Restatement Closing Date and not otherwise defined herein shall, unless the context otherwise indicates, have the meanings provided by those definitions. Subject to the foregoing, the term “UCC” refers, as of any date of
determination, to the UCC then in effect. 
 SECTION 1.5 Rounding. Any financial ratios required to be
maintained by the Borrower pursuant to this Agreement shall be calculated by dividing the appropriate component by the other component, carrying the result to one place more than the number of places by which such ratio or percentage is expressed
herein and rounding the result up or down to the nearest number (with a rounding-up if there is no nearest number). 

SECTION 1.6 References to Agreement and Laws. Unless otherwise expressly provided herein, (a) references to
formation documents, governing documents, agreements (including the Loan Documents) and other contractual instruments shall be deemed to include all subsequent amendments, restatements, extensions, supplements and other modifications thereto, but
only to the extent that such amendments, restatements, extensions, supplements and other modifications are not prohibited by any Loan Document; and (b) references to any Applicable Law, including, without limitation, Anti-Corruption Laws,
Anti-Money Laundering Laws, the Bankruptcy Code, the Code, the Commodity Exchange Act, ERISA, the Exchange Act, the PATRIOT Act, the Securities Act, the UCC, the Investment Company Act, the Interstate Commerce Act, the Trading with the Enemy Act of
the United States or any of the foreign assets control regulations of the United States Treasury Department, shall include all statutory and regulatory provisions consolidating, amending, replacing, supplementing or interpreting such Applicable Law.

 SECTION 1.7 Times of Day. Unless otherwise specified, all references herein to times of day shall be
references to Eastern time (daylight or standard, as applicable). 
 SECTION 1.8 Letter of Credit
Amounts. Unless otherwise specified, all references herein to the amount of a Letter of Credit at any time shall be deemed to mean the maximum face amount of such Letter of Credit after giving effect to all increases thereof contemplated by
such Letter of Credit or the Letter of Credit Application therefor (at the time specified therefor in 

  
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such applicable Letter of Credit or Letter of Credit Application and as such amount may be reduced by (a) any permanent reduction of such Letter of Credit or (b) any amount which is
drawn, reimbursed and no longer available under such Letter of Credit). 
 ARTICLE II 

REVOLVING CREDIT FACILITY 

SECTION 2.1 Revolving Credit Loans. Subject to the terms and conditions of this Agreement and the other Loan
Documents, and in reliance upon the representations and warranties set forth herein, each Revolving Credit Lender severally agrees to make Revolving Credit Loans to the Borrower from time to time from the Restatement Closing Date through, but not
including, the Maturity Date as requested by the Borrower, in accordance with the terms of Section 2.3; provided, that (a) the Revolving Credit Outstandings shall not exceed the Revolving Credit Commitment, and
(b) the aggregate principal amount of outstanding Revolving Credit Loans from any Lender plus such Lender’s Revolving Credit Commitment Percentage of outstanding L/C Obligations and outstanding Swingline Loans shall not at any time
exceed such Lender’s Revolving Credit Commitment. Each Revolving Credit Loan by a Revolving Credit Lender shall be in a principal amount equal to such Revolving Credit Lender’s Revolving Credit Commitment Percentage of the aggregate
principal amount of Revolving Credit Loans requested on such occasion. Subject to the terms and conditions hereof, the Borrower may borrow, repay and reborrow Revolving Credit Loans hereunder until the Maturity Date. 

SECTION 2.2 Swingline Loans. 

(a)        Availability. Subject to the terms and conditions of this
Agreement, the Swingline Lender agrees to make Swingline Loans to the Borrower from time to time from the Restatement Closing Date through, but not including, the Maturity Date at its sole discretion; provided, that after giving effect to any
amount requested, (a) the Revolving Credit Outstandings shall not exceed the Revolving Credit Commitment and (b) the aggregate principal amount of all outstanding Swingline Loans shall not exceed the lesser of (i) the Revolving Credit
Commitment less the sum of all outstanding Revolving Credit Loans and the L/C Obligations and (ii) the Swingline Commitment. Subject to the terms and conditions hereof, the Borrower may borrow, repay and reborrow Swingline Loans hereunder
until the Maturity Date.
 (b)        Refunding. 

(i)        Swingline Loans shall be refunded by the Revolving Credit
Lenders on demand by the Swingline Lender. Such refundings shall be made by the Revolving Credit Lenders in accordance with their respective Revolving Credit Commitment Percentages and shall thereafter be reflected as Revolving Credit Loans of
the Revolving Credit Lenders on the books and records of the Administrative Agent. Each Revolving Credit Lender shall fund its respective Revolving Credit Commitment Percentage of Revolving Credit Loans as required to repay Swingline Loans
outstanding to the Swingline Lender upon demand by the Swingline Lender but in no event later than 1:00 p.m. on the next succeeding Business Day after such demand is made. No Revolving Credit Lender’s obligation to fund its respective
Revolving Credit Commitment 

  
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Percentage of a Swingline Loan shall be affected by any other Revolving Credit Lender’s failure to fund its Revolving Credit Commitment Percentage of a Swingline Loan, nor shall any
Revolving Credit Lender’s Revolving Credit Commitment Percentage be increased as a result of any such failure of any other Revolving Credit Lender to fund its Revolving Credit Commitment Percentage of a Swingline Loan. 

(ii)        The Borrower shall pay to the Swingline Lender on demand
the amount of such Swingline Loans to the extent amounts received from the Revolving Credit Lenders are not sufficient to repay in full the outstanding Swingline Loans requested or required to be refunded. In addition, the Borrower hereby
authorizes the Administrative Agent to charge any account maintained by the Borrower with the Swingline Lender (up to the amount available therein) in order to immediately pay the Swingline Lender the amount of such Swingline Loans to the extent
amounts received from the Revolving Credit Lenders are not sufficient to repay in full the outstanding Swingline Loans requested or required to be refunded. If any portion of any such amount paid to the Swingline Lender shall be recovered by or
on behalf of the Borrower from the Swingline Lender in bankruptcy or otherwise, the loss of the amount so recovered shall be ratably shared among all the Revolving Credit Lenders in accordance with their respective Revolving Credit Commitment
Percentages (unless the amounts so recovered by or on behalf of the Borrower pertain to a Swingline Loan extended after the occurrence and during the continuance of an Event of Default of which the Administrative Agent has received notice in the
manner required pursuant to Section 10.3 and which such Event of Default has not been waived by the Required Lenders or the Lenders, as applicable). 

(iii)        Each Revolving Credit Lender acknowledges and agrees that
its obligation to refund Swingline Loans in accordance with the terms of this Section is absolute and unconditional and shall not be affected by any circumstance whatsoever, including, without limitation, non-satisfaction of the conditions set
forth in Article V. Further, each Revolving Credit Lender agrees and acknowledges that if prior to the refunding of any outstanding Swingline Loans pursuant to this Section, one of the events described in
Section 9.1(e) shall have occurred, each Revolving Credit Lender will, on the date the applicable Revolving Credit Loan would have been made, purchase an undivided participating interest in the Swingline Loan to be refunded
in an amount equal to its Revolving Credit Commitment Percentage of the aggregate amount of such Swingline Loan. Each Revolving Credit Lender will immediately transfer to the Swingline Lender, in immediately available funds, the amount of its
participation and upon receipt thereof the Swingline Lender will deliver to such Revolving Credit Lender a certificate evidencing such participation dated the date of receipt of such funds and for such amount. Whenever, at any time after the
Swingline Lender has received from any Revolving Credit Lender such Revolving Credit Lender’s participating interest in a Swingline Loan, the Swingline Lender receives any payment on account thereof, the Swingline Lender will distribute to such
Revolving Credit Lender its participating interest in such amount (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Revolving Credit Lender’s participating interest was outstanding and
funded). 

  
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 (c)        Defaulting
Lenders. Notwithstanding anything to the contrary contained in this Section 2.2, the Swingline Lender shall not be obligated to make any Swingline Loan at a time when any other Lender is a Defaulting Lender, unless
the Swingline Lender has entered into arrangements, including the delivery of Cash Collateral, with the Borrower or such Defaulting Lender and satisfactory to the Swingline Lender to eliminate the Swingline Lender’s Fronting Exposure (after
giving effect to Section 4.14(c)) with respect to any such Defaulting Lender. 
 SECTION 2.3
Procedure for Advances of Revolving Credit Loans and Swingline Loans.

(a)        Requests for Borrowing. The Borrower shall give the
Administrative Agent irrevocable prior written notice substantially in the form of Exhibit B (a “Notice of Borrowing”) not later than 12:00 p.m. (i) on the same Business Day as
each Base Rate Loan and each Swingline Loan, and (ii) at least three (3) Business Days before each LIBOR Rate Loan, specifying:

(A)        the date of such borrowing, which shall be a Business Day; 

(B)        whether such Revolving Credit Loan shall be a LIBOR Rate Loan or a Base
Rate Loan; 
 (C)        whether such Loan is to be a Revolving Credit Loan or
Swingline Loan; 
 (D)        if such Loan is a LIBOR Rate Loan, the duration of
the Interest Period applicable thereto; and 
 (E)        the amount of such
borrowing, which shall be, (x) with respect to Base Rate Loans (other than Swingline Loans) in an aggregate principal amount of $1,000,000 or a whole multiple of $1,000,000 in excess thereof, (y) with respect to LIBOR Rate Loans in an
aggregate principal amount of $5,000,000 or a whole multiple of $1,000,000 in excess thereof or (z) with respect to Swingline Loans in an aggregate principal amount of $500,000 or a whole multiple of $100,000 in excess thereof. 

A Notice of Borrowing received after 12:00 p.m. shall be deemed received on the next Business Day. The Administrative Agent shall
promptly notify the Lenders of each Notice of Borrowing. 

(b)        Disbursement of Revolving Credit and Swingline Loans. Not later
than 2:00 p.m. on the proposed borrowing date, (i) each Revolving Credit Lender will make available to the Administrative Agent, for the account of the Borrower, at the applicable office of the Administrative Agent in funds immediately
available to the Administrative Agent, such Revolving Credit Lender’s Revolving Credit Commitment Percentage of the Revolving Credit Loans to be made on such borrowing date and (ii) the Swingline Lender will make available to the
Administrative Agent, for the account of the Borrower, at the office of the Administrative Agent in funds immediately available to the Administrative Agent, the Swingline Loans to be made on such borrowing date. The Borrower hereby irrevocably
authorizes the Administrative Agent to disburse the proceeds of each borrowing requested pursuant to this Section in immediately available funds by crediting or wiring such proceeds to the applicable deposit account of the Borrower identified
in the most recent notice substantially in the form attached as 

  
 30 

 
Exhibit C (a “Notice of Account Designation”) delivered by the Borrower to the Administrative Agent or as may be otherwise agreed
upon by the Borrower and the Administrative Agent from time to time. The Administrative Agent shall not be obligated to disburse the portion of the proceeds of any Revolving Credit Loan requested pursuant to this Section to the extent that
any Lender has not made available to the Administrative Agent its Revolving Credit Commitment Percentage of such Loan. Revolving Credit Loans to be made for the purpose of refunding Swingline Loans shall be made by the Revolving Credit Lenders
as provided in Section 2.2(b). 
 SECTION 2.4 Repayment and Prepayment of Revolving Credit
Loans and Swingline Loans.
 (a)        Repayment on Termination
Date. The Borrower hereby agrees to repay the outstanding principal amount of (i) all Revolving Credit Loans in full on the Maturity Date and (ii) all Swingline Loans in accordance with Section 2.2(b)
(but, in any event, no later than the Maturity Date), together, in each case, with all accrued but unpaid interest thereon. 

(b)        Mandatory Prepayments. 

(i)        Aggregate Revolving Credit Commitment. If, as
of the most recent Revaluation Date or at any time (as determined by the Administrative Agent under Section 2.4(b)(iv)), the Revolving Credit Outstandings, the outstanding principal amount of all Revolving Credit
Loans plus the sum of all outstanding Swingline Loans and L/C Obligations exceeds the Revolving Credit Commitment, then, in such case, the Borrower shall (1) first, if (and to the extent) necessary to eliminate such amount in excess of the Revolving
Credit Commitment, immediately repay outstanding Swingline Loans (and/or reduce any pending request for a borrowing of such Swingline Loans submitted in respect of such Swingline Loans on such day) by the amount in excess of the Revolving Credit
Commitment, (2) second, if (and to the extent) necessary to eliminate such amount in excess of the Revolving Credit Commitment, immediately repay outstanding Revolving Credit Loans which are Base Rate Loans (and/or reduce any pending requests for a
borrowing or continuation or conversion of such Loans submitted in respect of such Loans on such day) by such amount in excess of the Revolving Credit Commitment, (3) third, if (and to the extent) necessary to eliminate such amount in excess of the
Revolving Credit Commitment, immediately repay outstanding Revolving Credit Loans which are LIBOR Rate Loans (and/or reduce any pending requests for a borrowing or continuation or conversion of such Loans submitted in respect of such Loans on such
day) by such amount in excess of the Revolving Credit Commitment, and (4) fourth, with respect to any Letters of Credit then outstanding, if (and to the extent) necessary to collateralize such amount in excess of the Revolving Credit Commitment,
immediately provide Cash Collateral in an amount equal to the amount of such excess (such Cash Collateral to be applied in accordance with Section 9.2(b)). 

(ii)        Swingline Commitment. If, at any time (as
determined by the Administrative Agent under Section 2.4(b)(iv)), the outstanding principal amount of all Swingline Loans exceeds the Swingline Commitment for any reason, then, the Borrower shall, if (and to the
extent) necessary to eliminate such excess, immediately repay 

  
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outstanding Swingline Loans (and/or reduce any pending request for a borrowing of such Loans submitted in respect of such Loans on such day) by the amount of such excess. 

(iii)        Excess L/C Obligations. If, at any time (as
determined by the Administrative Agent under Section 2.4(b)(iv)), the outstanding principal amount of all L/C Obligations exceeds the L/C Commitment, then, in each such case, the Borrower shall, with respect to any
Letters of Credit then outstanding, provide Cash Collateral in an amount equal to the amount of such excess (such Cash Collateral to be applied in accordance with Section 9.2(b)). 

(iv)        Compliance and Payments. The Borrower’s
compliance with this Section 2.4(b) shall be tested from time to time by the Administrative Agent at its sole discretion, but in any event shall be tested on the date on which (A) the Borrower requests that the applicable
Lenders make a Revolving Credit Loan, (B) the Borrower requests that the Swingline Lender make a Swingline Loan or (C) the Borrower requests that any Issuing Lender issue a Letter of Credit. Each such repayment pursuant to this
Section 2.4(b) shall be accompanied by any amount required to be paid pursuant to Section 4.9.

(c)        Optional Prepayments. The Borrower may at any time and from
time to time prepay Revolving Credit Loans and Swingline Loans, in whole or in part, with irrevocable prior written notice to the Administrative Agent substantially in the form attached as Exhibit D (a “Notice of
Prepayment”) given not later than 12:00 p.m. (i) on the same Business Day as each Base Rate Loan and each Swingline Loan, (ii) at least three (3) Business Days before each LIBOR Rate Loan, specifying (A) the date and amount of
prepayment, (B) whether the prepayment is of Revolving Credit Loans, Swingline Loans or a combination thereof, and, if a combination thereof, the amount allocable to each, and (C) whether the repayment is of LIBOR Rate Loans, Base Rate Loans, or a
combination thereof, and, if of a combination thereof, the amount allocable to each. Upon receipt of such notice, the Administrative Agent shall promptly notify each Lender. If any such notice is given, the amount specified in such notice
shall be due and payable on the date set forth in such notice. Partial prepayments shall be in an aggregate amount of (i) $1,000,000 or a whole multiple of $1,000,000 in excess thereof with respect to Base Rate Loans (other than Swingline
Loans), (ii) $5,000,000 or a whole multiple of $1,000,000, in excess thereof with respect to LIBOR Rate Loans and (iii) $100,000 or a whole multiple of $100,000 in excess thereof with respect to Swingline Loans. A Notice of Prepayment received
after 12:00 p.m. shall be deemed received on the next Business Day. Each such prepayment shall be accompanied by any amount required to be paid pursuant to Section 4.9 hereof. 

(d)        Limitation on Prepayment of LIBOR Rate Loans. Any prepayment of
any LIBOR Rate Loan on any day other than on the last day of the Interest Period applicable thereto shall be subject to the terms of Section 4.9 hereof. 

SECTION 2.5 Permanent Reduction of the Revolving Credit Commitment.

(a)        Voluntary Reduction. The Borrower shall have the right at any
time and from time to time, upon at least five (5) Business Days prior written notice to the Administrative 

  
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Agent, to permanently reduce, without premium or penalty, (i) the entire Revolving Credit Commitment at any time or (ii) portions of the Revolving Credit Commitment, from time to time,
in an aggregate principal amount not less than $10,000,000 or any whole multiple of $5,000,000 in excess thereof. Any reduction of the Revolving Credit Commitment shall be applied to the Revolving Credit Commitment of each Lender according to
its Revolving Credit Commitment Percentage. All accrued Commitment Fees with respect to any portion of the Revolving Credit Commitment terminated pursuant hereto shall be paid on the next payment date pursuant to Section 4.3(b) hereof;
provided, that if such termination is a complete termination of the entire Revolving Credit Commitment, then all accrued Commitment Fees shall be paid on the effective date thereof. 

(b)        Corresponding Payment. Each permanent reduction permitted
pursuant to this Section shall be accompanied by a payment of principal sufficient to reduce the aggregate Revolving Credit Outstandings after such reduction to the Revolving Credit Commitment as so reduced, and if the Revolving Credit
Commitment as so reduced is less than the aggregate amount of all outstanding Letters of Credit, the Borrower shall be required to provide Cash Collateral in an amount equal to such excess. Such Cash Collateral shall be applied in accordance
with Section 9.2(b). Any reduction of the Revolving Credit Commitment to zero shall be accompanied by payment of all outstanding Revolving Credit Loans and Swingline Loans (and furnishing of Cash Collateral
satisfactory to the Administrative Agent for all L/C Obligations) and shall result in the termination of the Revolving Credit Commitment and the Swingline Commitment and the Revolving Credit Facility. If the reduction of the Revolving Credit
Commitment requires the repayment of any LIBOR Rate Loan, such repayment shall be accompanied by any amount required to be paid pursuant to Section 4.9 hereof. 

SECTION 2.6 Termination of Revolving Credit Facility. The Revolving Credit Facility and the Revolving Credit
Commitments shall terminate on the Maturity Date. 
 SECTION 2.7 Extension of Revolving Credit Facility Maturity
Date. 
 (a)        On no more than two (2) occasions prior to the Maturity
Date, the Borrower may request an extension of the Maturity Date with respect to the Revolving Credit Facility for a period of one additional year by submitting a request for an extension to the Administrative Agent (an “Extension
Request”) no earlier than 90 days, but no later than 30 days prior to any anniversary of the Closing Date. The Extension Request must specify the new Maturity Date requested by the Borrower and the date as of which the Revolving Credit
Lenders must respond to the Extension Request, which date shall not be less than 20 days prior to the applicable anniversary date (the “Response Date”). Promptly upon receipt of an Extension Request, the Administrative Agent
shall notify each Revolving Credit Lender of the contents thereof and shall request each Revolving Credit Lender to approve the Extension Request. Each Revolving Credit Lender may, in its sole and absolute discretion, approve or deny any
Extension Request. Each Revolving Credit Lender approving the Extension Request (an “Extending Lender”) shall deliver its written consent no later than the Response Date and any Revolving Credit Lender which has not responded
to such Extension Request by the Response Date shall be deemed to have declined it. The Administrative Agent shall provide written notice to the Borrower of the Revolving Credit Lenders’ response no later than 5 days prior to the
applicable anniversary date. The Extending Lenders’ Revolving Credit Commitments (and the Maturity Date) shall be extended 

  
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for one additional year after the Maturity Date in effect at the time the Extension Request is received, including the Maturity Date as one of the days in the calculation of the days elapsed;
provided that (i) at least 50% of the Revolving Credit Commitment amount is extended or otherwise committed to by Extending Lenders and any new lenders and (ii) the Borrower has delivered to the Administrative Agent (x) an Officer’s Certificate
dated as of the Maturity Date in effect at the time the Extension Request is received certifying that (A) the representations and warranties contained in Article VI and the other Loan Documents are true and correct as of such 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 (B) no Default or Event of Default exists and (y) customary corporate authorization
documents reasonably requested by the Administrative Agent. Otherwise, the Maturity Date shall not be extended. 

(b)        The Commitment of any Revolving Credit Lender that declines an Extension
Request or fails to approve an Extension Request on or prior to the Response Date (a “Declining Lender”) shall be terminated on the Maturity Date in effect at the time such Extension Request is received (without regard to any
extension by other Lenders) and the Borrower shall pay to such Declining Lender all principal, interest, fees and other amounts owing to such Declining Lender on the Maturity Date in effect at the time such Extension Request is received (without
regard to any extension by other Lenders). The Borrower shall have the right, on or prior to the applicable anniversary date, to replace any Declining Lender with a third party financial institution reasonably acceptable to the Administrative
Agent and the Borrower in the manner set forth in Section 4.12(b). 
 ARTICLE III 

LETTER OF CREDIT FACILITY 

SECTION 3.1 L/C Commitment.

(a)        Availability. Subject to the terms and conditions hereof, each
Issuing Lender, in reliance on the agreements of the Revolving Credit Lenders set forth in Section 3.4(a), agrees to issue letters of credit (the “Letters of Credit”) for the account of the Borrower on any
Business Day from the Restatement Closing Date through but not including the fifth (5th) Business Day prior to the Maturity Date in such form as may be approved from time to time by the applicable
Issuing Lender; provided, that no Issuing Lender shall have any obligation to issue any Letter of Credit if, after giving effect to such issuance, (a) the L/C Obligations would exceed the L/C Commitment, (b) the Revolving Credit
Outstandings would exceed the Revolving Credit Commitment or (c) the sublimit set forth in the definition of “L/C Commitment” applicable to such Issuing Lender would be exceeded. Each Letter of Credit shall (i) be denominated in
Dollars in a minimum amount to be agreed to by such Issuing Lender, (ii) be a letter of credit issued to support obligations of the Borrower or any of its Subsidiaries, contingent or otherwise, (iii) be in a form satisfactory to such Issuing
Lender, (iv) have an expiration date not later than the earlier of (a) the fifth (5th) Business Day prior to the scheduled Maturity Date and (b) the date which is one year from the date of
issuance of such Letter of Credit (subject to automatic renewal for additional one (1) year periods pursuant to the terms of the Letter of Credit Application or other documentation acceptable to such Issuing Lender); provided that (x) if a
Letter of Credit has an expiration date later than the scheduled Maturity Date, then the Borrower 

  
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shall post Cash Collateral for such Letter of Credit in accordance with Section 2.4(b)(iii) at least five Business Days prior to the scheduled Maturity Date (or such later date as shall be
determined by Administrative Agent in its sole discretion) and (y) Letters of Credit may be issued with (or amended to provide) a tenor of greater than one year only with the prior written consent of all of the Lenders and (v) be subject to the
Uniform Customs and/or ISP98, as set forth in the Letter of Credit Application or as determined by such Issuing Lender and, to the extent not inconsistent therewith, the laws of the State of New York. No Issuing Lender shall at any time be
obligated to issue any Letter of Credit hereunder if (A) any order, judgment or decree of any Governmental Authority or arbitrator shall by its terms purport to enjoin or restrain such Issuing Lender from issuing such Letter of Credit, or any
Applicable Law applicable to such Issuing Lender or any request or directive (whether or not having the force of law) from any Governmental Authority with jurisdiction over such Issuing Lender shall prohibit, or request that such Issuing Lender
refrain from, the issuance of letters of credit generally or such Letter of Credit in particular or shall impose upon such Issuing Lender with respect to letters of credit generally or such Letter of Credit in particular any restriction or reserve
or capital requirement (for which such Issuing Lender is not otherwise compensated) not in effect on the Restatement Closing Date, or any unreimbursed loss, cost or expense that was not applicable, in effect or known to such Issuing Lender as of the
Restatement Closing Date and that such Issuing Lender in good faith deems material to it, or (B) the conditions set forth in Section 5.2 are not satisfied, or (C) the beneficiary of such Letter of Credit is a Sanctioned
Person. References herein to “issue” and derivations thereof with respect to Letters of Credit shall also include extensions or modifications of any outstanding Letters of Credit, unless the context otherwise requires. As of the
Restatement Closing Date, each of the Existing Letters of Credit shall constitute, for all purposes of this Agreement and the other Loan Documents, a Letter of Credit issued and outstanding hereunder. 

(b)        Defaulting Lenders. Notwithstanding anything to the contrary
contained in this Section 3.1, no Issuing Lender shall be obligated to issue any Letter of Credit at a time when any Revolving Credit Lender is a Defaulting Lender, unless such Issuing Lender has entered into arrangements satisfactory to it
to eliminate such Issuing Lender’s risk (after giving effect to Section 4.14(a)(iv)) with respect to any such Defaulting Lender’s reimbursement obligations hereunder, including by Cash Collateralizing such Defaulting Lender’s
Revolving Credit Commitment Percentage of the liability with respect to such Letter of Credit. On demand by an Issuing Lender or the Administrative Agent from time to time, the Borrower shall Cash Collateralize each Defaulting Lender’s
Revolving Credit Commitment Percentage of the outstanding L/C Obligations (after giving effect to Section 4.14(a)(iv)) on terms reasonably satisfactory to the Administrative Agent and such Issuing Lender. Any such Cash Collateral shall
be deposited in a separate account with the Administrative Agent, subject to the exclusive dominion and control of the Administrative Agent, as collateral (solely for the benefit of the Issuing Lenders) for the payment and performance of each
Defaulting Lender’s Revolving Credit Commitment Percentage of outstanding L/C Obligations. Moneys in such account shall be applied by the Administrative Agent to reimburse the Issuing Lenders immediately for each Defaulting Lender’s
Revolving Credit Commitment Percentage of any drawing under any Letter of Credit which has not otherwise been reimbursed by the Borrower or such Defaulting Lender pursuant to the terms of this Section 3.1. 

  
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 SECTION 3.2 Procedure for Issuance of Letters of Credit. The Borrower
may from time to time request that any Issuing Lender issue a Letter of Credit by delivering to such Issuing Lender, at the office of such Issuing Lender specified in or determined in accordance with Section 11.1, a
Letter of Credit Application therefor, completed to the satisfaction of such Issuing Lender, and such other certificates, documents and other papers and information as such Issuing Lender may request. Upon receipt of any Letter of Credit
Application, such Issuing Lender shall process such Letter of Credit Application and the certificates, documents and other papers and information delivered to it in connection therewith in accordance with its customary procedures and shall, subject
to Section 3.1 and Article V, promptly issue the Letter of Credit requested thereby (but in no event shall any Issuing Lender be required to issue any Letter of Credit earlier than three (3)
Business Days after its receipt of the Letter of Credit Application therefor and all such other certificates, documents and other papers and information relating thereto) by issuing the original of such Letter of Credit to the beneficiary thereof or
as otherwise may be agreed by such Issuing Lender and the Borrower. The applicable Issuing Lender shall promptly furnish to the Borrower a copy of such Letter of Credit and promptly notify each Revolving Credit Lender of the issuance and upon
request by any Revolving Credit Lender, furnish to such Revolving Credit Lender a copy of such Letter of Credit and the amount of such Revolving Credit Lender’s participation therein. 

SECTION 3.3 Commissions and Other Charges. 

(a)        Letter of Credit Commissions. Subject to Section
4.14(a)(iii), the Borrower shall pay to the Administrative Agent, for the account of each Issuing Lender and the L/C Participants, a letter of credit commission with respect to each Letter of Credit, in the amount equal to the face amount of
such Letter of Credit multiplied by the Applicable Margin with respect to Revolving Credit Loans that are LIBOR Rate Loans (determined on a per annum basis). Such commission shall be payable quarterly in arrears on the last Business Day of each
calendar quarter, on the Maturity Date and thereafter on demand of the Administrative Agent. The Administrative Agent shall, promptly following its receipt thereof, distribute to each Issuing Lender and the L/C Participants all commissions
received pursuant to this Section in accordance with their respective Revolving Credit Commitment Percentages. 

(b)        Fronting Fee. In addition to the foregoing commission, the
Borrower shall pay to the Administrative Agent, for the account of each Issuing Lender, a fronting fee with respect to each Letter of Credit issued by it as set forth in the applicable Fee Letter or as separately agreed by such Issuing Lender,
as applicable. Such fronting fee shall be payable quarterly in arrears on the last Business Day of each calendar quarter commencing with the first such date to occur after the issuance of such Letter of Credit, on the Maturity Date and
thereafter on demand of the Administrative Agent. 
 (c)        Other
Costs. In addition to the foregoing fees and commissions, the Borrower shall pay or reimburse each Issuing Lender for such normal and customary costs and expenses as are incurred or charged by such Issuing Lender in issuing, effecting
payment under, amending or otherwise administering any Letter of Credit. 

  
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 SECTION 3.4 L/C Participations. 

(a)        Each Issuing Lender irrevocably agrees to grant and hereby grants to each
L/C Participant, and, to induce each Issuing Lender to issue Letters of Credit hereunder, each L/C Participant irrevocably agrees to accept and purchase and hereby accepts and purchases from such Issuing Lender, on the terms and conditions
hereinafter stated, for such L/C Participant’s own account and risk an undivided interest equal to such L/C Participant’s Revolving Credit Commitment Percentage in such Issuing Lender’s obligations and rights under and in respect of
each Letter of Credit issued hereunder and the amount of each draft paid by such Issuing Lender thereunder. Each L/C Participant unconditionally and irrevocably agrees with each Issuing Lender that, if a draft is paid under any Letter of Credit
for which such Issuing Lender is not reimbursed in full by the Borrower through a Revolving Credit Loan or otherwise in accordance with the terms of this Agreement, such L/C Participant shall pay to such Issuing Lender upon demand at such Issuing
Lender’s address for notices specified herein an amount equal to the amount of such L/C Participant’s Revolving Credit Commitment Percentage of the amount of such draft, or any part thereof, which is not so reimbursed. 

(b)        Upon becoming aware of any amount required to be paid by any L/C
Participant to any Issuing Lender pursuant to Section 3.4(a) in respect of any unreimbursed portion of any payment made by such Issuing Lender under any Letter of Credit, such Issuing Lender shall notify the Administrative
Agent and each L/C Participant of the amount and due date of such required payment and such L/C Participant shall pay to such Issuing Lender the amount specified on the applicable due date. If any such amount is paid to such Issuing Lender
after the date such payment is due, such L/C Participant shall pay to such Issuing Lender, in addition to such amount, the product of (i) such amount, times (ii) the daily average Federal Funds Rate as determined by the
Administrative Agent during the period from and including the date such payment is due to the date on which such payment is immediately available to such Issuing Lender, times (iii) a fraction the numerator of which is the number of days
that elapse during such period and the denominator of which is 360. A certificate of such Issuing Lender with respect to any amounts owing under this Section shall be conclusive in the absence of manifest error. With respect to
payment to such Issuing Lender of the unreimbursed amounts described in this Section, if the L/C Participants receive notice that any such payment is due (A) prior to 1:00 p.m. on any Business Day, such payment shall be due that Business Day, and
(B) after 1:00 p.m. on any Business Day, such payment shall be due on the following Business Day. 

(c)        Whenever, at any time after any Issuing Lender has made payment under any
Letter of Credit and has received from any L/C Participant its Revolving Credit Commitment Percentage of such payment in accordance with this Section, such Issuing Lender receives any payment related to such Letter of Credit (whether directly from
the Borrower or otherwise), or any payment of interest on account thereof, such Issuing Lender will distribute to such L/C Participant its pro rata share thereof; provided, that in the event that any such payment received by
such Issuing Lender shall be required to be returned by such Issuing Lender, such L/C Participant shall return to such Issuing Lender the portion thereof previously distributed by such Issuing Lender to it. 

  
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 SECTION 3.5 Reimbursement Obligations.

(a)        Reimbursement Obligation of the Borrower. In the event of any
drawing under any Letter of Credit, the Borrower agrees to reimburse (either with the proceeds of a Revolving Credit Loan as provided for in this Section or with funds from other sources), in same day funds, the applicable Issuing Lender on
each date on which such Issuing Lender notifies the Borrower of the date and the amount of a draft paid under any Letter of Credit for the amount of (a) such draft so paid and (b) any amounts referred to in
Section 3.3(c) incurred by such Issuing Lender in connection with such payment.

(b)        Reimbursement Obligation of the Lenders. Unless the Borrower
shall immediately notify the applicable Issuing Lender that the Borrower intends to reimburse such Issuing Lender for such drawing from other sources or funds, the Borrower shall be deemed to have timely given a Notice of Borrowing to the
Administrative Agent requesting that the Revolving Credit Lenders make Revolving Credit Loans bearing interest at the Base Rate on such date in the amount of (a) such draft so paid and (b) any amounts referred to in
Section 3.3(c) incurred by such Issuing Lender in connection with such payment, and the Lenders shall make such requested Revolving Credit Loans, the proceeds of which shall be applied to reimburse such Issuing Lender for
the amount of the related drawing and costs and expenses. Each Revolving Credit Lender acknowledges and agrees that its obligation to fund a Revolving Credit Loan in accordance with this Section to reimburse each Issuing Lender for any
draft paid under a Letter of Credit is absolute and unconditional and shall not be affected by any circumstance whatsoever, including, without limitation, non-satisfaction of the conditions set forth in Section 2.3(a) or
Article V. If the Borrower has elected to pay the amount of such drawing with funds from other sources and shall fail to reimburse any Issuing Lender as provided above, the unreimbursed amount of such drawing shall
bear interest at the rate which would be payable on any outstanding Base Rate Loans which were then overdue from the date such amounts become payable (whether at stated maturity, by acceleration or otherwise) until payment in full.

SECTION 3.6 Obligations Absolute. The Borrower’s obligations under this
Article III (including, without limitation, the Reimbursement Obligation) shall be absolute and unconditional under any and all circumstances and irrespective of any set off, counterclaim or defense to payment which the
Borrower may have or have had against any Issuing Lender or any beneficiary of a Letter of Credit or any other Person. The Borrower also agrees that the Issuing Lenders and the L/C Participants shall not be responsible for, and the
Borrower’s Reimbursement Obligation under Section 3.5 shall not be affected by, among other things, the validity or genuineness of documents or of any endorsements thereon, even though such documents shall in fact
prove to be invalid, fraudulent or forged, or any dispute between or among the Borrower and any beneficiary of any Letter of Credit or any other party to which such Letter of Credit may be transferred or any claims whatsoever of the Borrower against
any beneficiary of such Letter of Credit or any such transferee. No Issuing Lender shall be liable for any error, omission, interruption or delay in transmission, dispatch or delivery of any message or advice, however transmitted, in connection
with any Letter of Credit, except for errors, omissions, interruptions or delays caused by such Issuing Lender’s bad faith, gross negligence or willful misconduct, as determined by a court of competent jurisdiction by final nonappealable
judgment. The Borrower agrees that any action taken or omitted by any Issuing Lender under or 

  
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in connection with any Letter of Credit or the related drafts or documents, if done in the absence of gross negligence or willful misconduct shall be binding on the Borrower and shall not result
in any liability of any Issuing Lender or any L/C Participant to the Borrower. The responsibility of the applicable Issuing Lender to the Borrower in connection with any draft presented for payment under any Letter of Credit shall, in addition
to any payment obligation expressly provided for in such Letter of Credit, be limited to determining that the documents (including each draft) delivered under such Letter of Credit in connection with such presentment are in conformity with such
Letter of Credit. 
 SECTION 3.7 Effect of Letter of Credit Application. To the extent that any provision of any
Letter of Credit Application related to any Letter of Credit is inconsistent with the provisions of this Article III, the provisions of this Article III shall apply. 

ARTICLE IV 
 GENERAL LOAN
PROVISIONS 
 SECTION 4.1 Interest. 

(a)        Interest Rate Options. Subject to the provisions of this
Section, at the election of the Borrower: 
 (i)        Revolving
Credit Loans shall bear interest at (A) the Base Rate plus the Applicable Margin or (B) the LIBOR Rate plus the Applicable Margin; and 

(ii)        any Swingline Loan shall bear interest at the Base Rate
plus the Applicable Margin for Base Rate Loans. 
 The Borrower shall select the rate of interest and Interest Period, if any,
applicable to any Loan at the time a Notice of Borrowing is given or at the time a Notice of Conversion/Continuation is given pursuant to Section 4.2. Any Revolving Credit Loan or any portion thereof as to which the
Borrower has not duly specified an interest rate as provided herein shall be deemed a Base Rate Loan and any LIBOR Rate Loan or any portion thereof as to which the Borrower has not duly specified an Interest Period as provided herein shall be deemed
a LIBOR Rate Loan for a one (1) month Interest Period. 
 (b)        Interest
Periods. In connection with each LIBOR Rate Loan, the Borrower by giving notice at the times described in Section 2.3 or 4.2, as applicable, shall elect an interest period (each, an “Interest Period”) to be applicable to such
Loan, which Interest Period shall be a period of one (1), two (2), three (3), six (6) or, with the consent of each Lender, twelve (12) months; provided that: 

(i)        the Interest Period shall commence on the date of advance
of or conversion to any LIBOR Rate Loan and, in the case of immediately successive Interest Periods, each successive Interest Period shall commence on the date on which the immediately preceding Interest Period expires; 

  
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 (ii)        if any
Interest Period would otherwise expire on a day that is not a Business Day, such Interest Period shall expire on the next succeeding Business Day; provided, that if any Interest Period would otherwise expire on a day that is not a Business
Day but is a day of the month after which no further Business Day occurs in such month, such Interest Period shall expire on the immediately preceding Business Day; 

(iii)        any Interest Period that begins on the last Business Day
of a calendar month (or on a day for which there is no numerically corresponding day in the calendar month at the end of such Interest Period) shall end on the last Business Day of the relevant calendar month at the end of such Interest Period; 

(iv)        no Interest Period shall extend beyond the Maturity Date,
without payment of any amounts pursuant to Section 4.9; and 

(v)        there shall be no more than eight (8) Interest Periods in
effect at any time. 
 (c)        Default Rate. Subject to
Section 9.2, (i) immediately upon the occurrence and during the continuance of an Event of Default under Section 9.1(a), or 9.1(e), or (ii) at the election of the Required
Lenders, upon the occurrence and during the continuance of any other Event of Default: 

(A)        the Borrower shall no longer have the option to request
LIBOR Rate Loans, Swingline Loans or Letters of Credit; 

(B)        all outstanding LIBOR Rate Loans shall bear interest at a
rate per annum of two percent (2%) in excess of the rate (including the Applicable Margin) then applicable to LIBOR Rate Loans until the end of the applicable Interest Period and thereafter at a rate equal to two percent (2%) in excess of the rate
(including the Applicable Margin) then applicable to Base Rate Loans; 

(C)        all outstanding Base Rate Loans shall bear interest at a
rate per annum equal to two percent (2%) in excess of the rate (including the Applicable Margin) then applicable to Base Rate Loans; 

(D)        all letter of credit commissions owing pursuant to
Section 3.3 shall equal the face amount of each Letter of Credit multiplied by the sum of (i) the Applicable Margin with respect to Revolving Credit Loans that are LIBOR Rate Loans (determined on a per annum basis), plus (ii) the rate
per annum of two percent (2%); and 
 (E)        all other
Obligations arising hereunder or under any other Loan Document shall bear interest at a rate per annum equal to two percent (2%) in excess of the rate (including the Applicable Margin) then applicable to Base Rate Loans or such other Obligations
arising hereunder or under any other Loan Document.
 Interest shall continue to accrue on the Obligations after the filing by or against
the Borrower of any petition seeking any relief in bankruptcy or under any act or law pertaining to insolvency or debtor relief, whether state, federal or foreign. 

  
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 (d)        Interest Payment and
Computation. Interest on each Base Rate Loan shall be due and payable in arrears on the last Business Day of each calendar quarter commencing on December 31, 2016 and interest on each LIBOR Rate Loan shall be due and payable on the
last day of each Interest Period applicable thereto, and if such Interest Period extends over three (3) months, at the end of each three (3) month interval during such Interest Period. All computations of interest for Base Rate Loans based on
the Prime Rate shall be made on the basis of a year of 365 or 366 days, as the case may be, and actual days elapsed. All other computations of fees and interest provided hereunder shall be made on the basis of a 360-day year and actual days
elapsed (which results in more fees or interest, as applicable, being paid than if computed on the basis of a 365/366-day year). 

(e)        Maximum Rate.

(i)        In no contingency or event whatsoever shall the aggregate
of all amounts deemed interest under this Agreement charged or collected pursuant to the terms of this Agreement exceed the highest rate permissible under any Applicable Law which a court of competent jurisdiction shall, in a final determination,
deem applicable hereto.
 (ii)        In the event that such a court
determines that the Lenders have charged or received interest hereunder in excess of the highest applicable rate, the rate in effect hereunder shall automatically be reduced to the maximum rate permitted by Applicable Law and the Lenders shall at
the Administrative Agent’s option (i) promptly refund to the Borrower any interest received by the Lenders in excess of the maximum lawful rate or (ii) apply such excess to the principal balance of the Obligations on a pro
rata basis. It is the intent hereof that the Borrower not pay or contract to pay, and that neither the Administrative Agent nor any Lender receive or contract to receive, directly or indirectly in any manner whatsoever, interest in
excess of that which may be paid by the Borrower under Applicable Law. 
 SECTION 4.2 Notice and Manner of Conversion or
Continuation of Loans. The Borrower shall have the option to: 
 (a) convert at any time all or any portion of any
outstanding Base Rate Loans (other than Swingline Loans) in a principal amount equal to $1,000,000 or any whole multiple of $1,000,000 in excess thereof into one or more LIBOR Rate Loans; and 

(b) upon the expiration of any Interest Period with respect to any LIBOR Rate Loans, (i) convert all or any part of its
outstanding LIBOR Rate Loans in a principal amount equal to $5,000,000 or a whole multiple of $1,000,000 in excess thereof into Base Rate Loans (other than Swingline Loans) or (ii) continue such LIBOR Rate Loans as LIBOR Rate Loans; 

provided, that following the occurrence and during the continuation of a Default or an Event of Default, upon notice provided to the
Borrower, at the sole discretion of the Administrative Agent or the Required Lenders, the Borrower shall no longer be able to exercise any such option.Whenever the Borrower desires to convert or continue Loans as provided above, the Borrower shall
give the Administrative Agent irrevocable prior written notice in the form 

  
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attached as Exhibit E (a “Notice of Conversion/Continuation”) not later than 11:00 a.m. three (3) Business Days before the day on
which a proposed conversion or continuation of such Loan is to be effective specifying: 

(A)         the Loans to be converted or continued, and, in the
case of any LIBOR Rate Loan to be converted or continued, the last day of the Interest Period therefor; 

(B)        the effective date of such conversion or continuation
(which shall be a Business Day); 
 (C)        the principal amount
of such Loans to be converted or continued; and 
 (D)        the
Interest Period to be applicable to such converted or continued LIBOR Rate Loan; provided that if the Borrower wishes to request LIBOR Rate Loans having an Interest Period of twelve months in duration, such notice must be received by the
Administrative Agent not later than 11:00 a.m. four (4) Business Days prior to the requested date of such conversion or continuation, whereupon the Administrative Agent shall give prompt notice to the applicable Lenders of such request and determine
whether the requested Interest Period is acceptable to all of them. 
 The Administrative Agent shall promptly notify the affected Lenders
of such Notice of Conversion/Continuation. 
 SECTION 4.3    Fees. 

(a)        Commitment Fee. Commencing on the Restatement Closing Date, the
Borrower shall pay to the Administrative Agent, for the account of the Revolving Credit Lenders (other than any Defaulting Lender), a non-refundable commitment fee (the “Commitment Fee”) at a rate per annum equal to the Applicable
Margin on the average daily unused portion of the Revolving Credit Commitment of the Revolving Credit Lenders (other than the Defaulting Lenders, if any), with the amount of outstanding Swingline Loans to be considered usage of the Revolving Credit
Commitment for the purpose of calculating the Commitment Fee. The Commitment Fee shall be payable in arrears on the last Business Day of each calendar quarter of each year, commencing on the first such date to occur after the Restatement
Closing Date and ending on the Revolving Credit Maturity Date, and on the date on which the Revolving Credit Commitments terminate. Such Commitment Fee shall be distributed by the Administrative Agent to the Revolving Credit Lenders (other than
any Defaulting Lender) pro rata in accordance with such Revolving Credit Lenders’ respective Revolving Credit Commitment Percentages. 

(b)        Other Fees. The Borrower shall pay to the Arrangers and the
Administrative Agent for their own respective accounts fees in the amounts and at the times specified in the Fee Letters. The Borrower shall pay to the Lenders such fees as shall have been separately agreed upon in writing in the amounts and at
the times so specified. 

  
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 SECTION 4.4 Sharing of Payments.

(a)        Each payment by the Borrower on account of the principal of or interest on
the Loans or any Letter of Credit or of any fee, commission or other amounts (including the Reimbursement Obligation with respect to any Letter of Credit) payable to the Lenders under this Agreement (or any of them) shall be made not later than 1:00
p.m. on the date specified for payment under this Agreement to the Administrative Agent at the Administrative Agent’s Office for the account of the Lenders entitled to such payment in immediately available funds and shall be made without any
set off, counterclaim or deduction whatsoever. Any payment received after such time but before 2:00 p.m. on such day shall be deemed a payment on such date for the purposes of Section 9.1(a), but for all other
purposes shall be deemed to have been made on the next succeeding Business Day. Any payment received after 2:00 p.m. shall be deemed to have been made on the next succeeding Business Day for all purposes. Upon receipt by the Administrative
Agent of each such payment, the Administrative Agent (i) shall distribute to each such Lender at its address for notices set forth herein its pro rata share of such payment in accordance with the amounts then due and payable to such
Lenders (except as specified below) and (ii) shall wire advice of the amount of such credit to each Lender. Each payment to the Administrative Agent on account of the principal of or interest on the Swingline Loans or of any fee, commission or
other amounts payable to the Swingline Lender shall be made in like manner, but for the account of the Swingline Lender. Each payment to the Administrative Agent of the Issuing Lenders’ fees or L/C Participants’ commissions shall be
made in like manner, but for the account of the Issuing Lenders or the L/C Participants, as the case may be. Each payment to the Administrative Agent of Administrative Agent’s fees or expenses shall be made for the account of the
Administrative Agent and any amount payable to any Lender under Sections 4.9, 4.10, 4.11 or 11.3 shall be paid to the Administrative Agent for the account of the applicable Lender. Subject to
Section 4.1(b)(ii), if any payment under this Agreement shall be specified to be made upon a day which is not a Business Day, it shall be made on the next succeeding day which is a Business Day and such extension of time
shall in such case be included in computing any interest if payable along with such payment.

(b)        Notwithstanding the foregoing clause (a), if any Defaulting Lender
shall have failed to fund all or any portion of any Revolving Credit Loan (each such Revolving Credit Loan, an “Affected Loan”), each payment by the Borrower hereunder shall be applied first to such Affected Loan and the principal
amount and interest with respect to such payment shall be distributed (i) to each Lender that is not a Defaulting Lender (each, a “Non-Defaulting Lender”) pro rata based on the outstanding principal amount of Affected Loans
owing to all Non-Defaulting Lenders, until the principal amount of all Affected Loans has been repaid in full and (ii) to the extent of any remaining amount of such payment, to each Lender as set forth in clause (a). Each payment made by
the Borrower on account of the interest on any Affected Loans shall be distributed to each Non-Defaulting Lender pro rata based on the outstanding principal amount of Affected Loans owing to all Non-Defaulting Lenders. 

SECTION 4.5 Evidence of Indebtedness. 

(a)        Extensions of Credit. The Extensions of Credit made by each
Lender shall be evidenced by one or more accounts or records maintained by such Lender and by the Administrative Agent in the ordinary course of business. The accounts or records maintained by 

  
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the Administrative Agent and each Lender shall be conclusive absent manifest error of the amount of the Extensions of Credit made by the Lenders to the Borrower and the interest and payments
thereon. Any failure to so record or any error in doing so shall not, however, limit or otherwise affect the obligation of the Borrower hereunder to pay any amount owing with respect to the Obligations. In the event of any conflict between
the accounts and records maintained by any Lender and the accounts and records of the Administrative Agent in respect of such matters, the accounts and records of the Administrative Agent shall control in the absence of manifest error. Upon the
request of any Lender made through the Administrative Agent, the Borrower shall execute and deliver to such Lender (through the Administrative Agent) a Revolving Credit Note, Term Loan Note and/or Swingline Note, as applicable, which shall evidence
such Lender’s Revolving Credit Loans, Term Loan Note and/or Swingline Loans, as applicable, in addition to such accounts or records. Each Lender may attach schedules to its Notes and endorse thereon the date, amount and maturity of its
Loans and payments with respect thereto. 

(b)        Participations. In addition to the accounts and records
referred to in subsection (a), each Revolving Credit Lender and the Administrative Agent shall maintain in accordance with its usual practice accounts or records evidencing the purchases and sales by such Revolving Credit Lender of
participations in Letters of Credit and Swingline Loans. In the event of any conflict between the accounts and records maintained by the Administrative Agent and the accounts and records of any Revolving Credit Lender in respect of such
matters, the accounts and records of the Administrative Agent shall control in the absence of manifest error. 
 SECTION 4.6
Adjustments. 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 its Loans or other obligations hereunder resulting in such
Lender’s receiving payment of a proportion of the aggregate amount of its Loans and accrued interest thereon or other such obligations (other than pursuant to Sections 4.9, 4.10, 4.11 or 11.3) greater than its
pro rata share thereof as provided herein, 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 and
such other obligations 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 

(ii)        the provisions of this paragraph shall not be construed to
apply to (A) any payment made by the 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), (B) the application of Cash Collateral
provided for in Section 4.14 or (C) any payment obtained by a Lender as consideration for the assignment of or sale of a participation in any of its Loans or participations in Swingline Loans and Letters of Credit to any assignee or
participant, other than to the Borrower or any Subsidiary or Affiliate thereof (as to which the provisions of this paragraph shall apply). 

  
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 Each Credit Party 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 each Credit Party rights of setoff and counterclaim with respect to such participation as fully as if such Lender were a
direct creditor of each Credit Party in the amount of such participation. 
 SECTION 4.7 Obligations of Lenders. 

(a)        Funding by Lenders; Presumption by Administrative Agent. Unless
the Administrative Agent shall have received notice from a Lender (i) in the case of Base Rate Loans, not later than 12:00 noon on the date of any proposed borrowing and (ii) otherwise, prior to the proposed date of any borrowing that such Lender
will not make available to the Administrative Agent such Lender’s share of such borrowing, the Administrative Agent may assume that such Lender has made such share available on such date in accordance with
Sections 2.3(b) and 4.2 and may, in reliance upon such assumption, make available to the Borrower a corresponding amount. In such event, if a Lender has not in fact made its share of the applicable borrowing
available to the Administrative Agent, then the applicable Lender and the Borrower severally agree to pay to the Administrative Agent forthwith on demand such corresponding amount with interest thereon, for each day from and including the date such
amount is made available to the Borrower to but excluding the date of payment to the Administrative Agent, at; 

(i)        in the case of a payment to be made by such Lender, the
greater of the daily average Federal Funds Rate and a rate determined by the Administrative Agent in accordance with banking industry rules on interbank compensation; and 

(ii)        in the case of a payment to be made by the Borrower, the
interest rate applicable to Base Rate Loans.
 If the 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 Borrower the amount of such interest paid by the Borrower for such period. If such Lender pays its share of the applicable borrowing to the Administrative
Agent, then the amount so paid shall constitute such Lender’s Loan included in such borrowing. Any payment by the Borrower shall be without prejudice to any claim the Borrower may have against a Lender that shall have failed to make such
payment to the Administrative Agent. 
 (b)        Payments by the Borrower;
Presumptions by Administrative Agent. Unless the Administrative Agent shall have received notice from the Borrower prior to the date on which any payment is due to the Administrative Agent for the account of the Lenders, the Issuing Lender
or the Swingline Lender hereunder that the Borrower will not make such payment, the Administrative Agent may assume that the Borrower has made such payment on such date in accordance herewith and may, in reliance upon such assumption, distribute to
the Lenders, the Issuing Lender or the Swingline Lender, as the case may be, the amount due. In such event, if the Borrower has not in fact made such payment, then each of the Lenders, the Issuing Lender or the Swingline Lender, as the case
maybe, severally agrees to repay to the Administrative Agent forthwith on demand the amount so distributed to such Lender, Issuing Lender or the Swingline 

  
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Lender, with interest thereon, for each day from and including the date such amount is distributed to it to but excluding the date of payment to the Administrative Agent, at the greater of the
Federal Funds Rate and a rate determined by the Administrative Agent in accordance with banking industry rules on interbank compensation. 

(c)        Nature of Obligations of Lenders Regarding Extensions of
Credit. The obligations of the Lenders under this Agreement to make the Loans and issue or participate in Letters of Credit and to make payments under this Section, Section 4.11(e), Section 11.3(c) or Section 11.7, as
applicable are several and are not joint or joint and several. The failure of any Lender to make available its Commitment Percentage of any Loan requested by the Borrower shall not relieve it or any other Lender of its obligation, if any,
hereunder to make its Commitment Percentage of such Loan available on the borrowing date, but no Lender shall be responsible for the failure of any other Lender to make its Commitment Percentage of such Loan available on the borrowing date. 

SECTION 4.8 Changed Circumstances. 

(a)        Circumstances Affecting LIBOR Rate Availability. In connection
with any request for a LIBOR Rate Loan or a Base Rate Loan as to which the interest rate is determined with reference to LIBOR or a conversion to or continuation thereof, if for any reason (i) the Administrative Agent shall determine (which
determination shall be conclusive and binding absent manifest error) that Dollar deposits are not being offered to banks in the London interbank Eurodollar market for the applicable amount and Interest Period of such Loan, (ii) the Administrative
Agent shall determine (which determination shall be conclusive and binding absent manifest error) that reasonable and adequate means do not exist for the ascertaining the LIBOR Rate for the Interest Period with respect to a proposed LIBOR Rate Loan,
or any Base Rate Loan as to which the interest rate is determined with reference to LIBOR, or (iii) the Required Lenders shall determine (which determination shall be conclusive and binding absent manifest error) that the LIBOR Rate does not
adequately and fairly reflect the cost to such Lenders of making or maintaining such Loans during such Interest Period, then the Administrative Agent shall promptly give notice thereof to the Borrower. Thereafter, until the Administrative Agent
notifies the Borrower that such circumstances no longer exist, the obligation of the Lenders to make LIBOR Rate Loans or Base Rate Loans as to which the interest rate is determined with reference to LIBOR and the right of the Borrower to convert any
Loan to or continue any Loan as a LIBOR Rate Loan or a Base Rate Loan as to which the interest rate is determined with a reference to LIBOR shall be suspended, and (i) in the case of LIBOR Rate Loans, the Borrower shall either (1) repay in full
(or cause to be repaid in full) the then outstanding principal amount of each such LIBOR Rate Loan, together with accrued interest thereon (subject to Section 4.1(d)), on the last day of the then current Interest Period
applicable to such LIBOR Rate Loan or (2) convert the then outstanding principal amount of each such LIBOR Rate Loan to a Base Rate Loan, as to which the Administrative Agent shall determine the interest rate without reference to LIBOR as of the
last day of such Interest Period; or (ii) in the case of Base Rate Loans as to which the interest rate is determined by reference to LIBOR, the Administrative Agent shall determine the interest rate without reference to LIBOR as of the last day of
such Interest Period. 

  
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 (b)        Laws Affecting LIBOR Rate
Availability. If, after the date hereof, the introduction of, or any change in, any Applicable Law or any change in the interpretation or administration thereof by any Governmental Authority, central bank or comparable agency charged with
the interpretation or administration thereof, or compliance by any of the Lenders (or any of their respective Lending Offices) with any request or directive (whether or not having the force of law) of any such Governmental Authority, central bank or
comparable agency, shall make it unlawful or impossible for any of the Lenders (or any of their respective Lending Offices) to honor its obligations hereunder to make or maintain any LIBOR Rate Loan or any Base Rate Loan as to which the interest
rate is determined by reference to LIBOR, such Lender shall promptly give notice thereof to the Administrative Agent and the Administrative Agent shall promptly give notice to the Borrower and the other Lenders. Thereafter, until the
Administrative Agent notifies the Borrower that such circumstances no longer exist, (i) the obligations of the Lenders to make LIBOR Rate Loans and the right of the Borrower to convert any Loan to a LIBOR Rate Loan or continue any Loan as a
LIBOR Rate Loan shall be suspended and thereafter the Borrower may select only Base Rate Loans, (ii) the Base Rate shall cease to be determined by reference to LIBOR and (iii) if any of the Lenders may not lawfully continue to
maintain a LIBOR Rate Loan to the end of the then current Interest Period applicable thereto, the applicable Loan shall immediately be converted to a Base Rate Loan as to which the interest rate is not determined by reference to LIBOR for the
remainder of such Interest Period. 
 SECTION 4.9 Indemnity. The Borrower hereby indemnifies each of the Lenders
against any loss or expense (including any loss or expense arising from the liquidation or reemployment of funds obtained by it to maintain a LIBOR Rate Loan or from fees payable to terminate the deposits from which such funds were obtained) which
may arise or be attributable to each Lender’s obtaining, liquidating or employing deposits or other funds acquired to effect, fund or maintain any Loan (a) as a consequence of any failure by the Borrower to make any payment when due of any
amount due hereunder in connection with a LIBOR Rate Loan, (b) due to any failure of the Borrower to borrow, continue or convert on a date specified therefor in a Notice of Borrowing or Notice of Conversion/Continuation or (c) due to any
payment, prepayment or conversion of any LIBOR Rate Loan on a date other than the last day of the Interest Period therefor. The amount of such loss or expense shall be determined, in the applicable Lender’s sole discretion, based upon the
assumption that such Lender funded its Commitment Percentage of the LIBOR Rate Loans in the London interbank market and using any reasonable attribution or averaging methods which such Lender deems appropriate and practical. A certificate of
such Lender setting forth the basis for determining such amount or amounts necessary to compensate such Lender shall be forwarded to the Borrower through the Administrative Agent and shall be conclusively presumed to be correct save for manifest
error. 
 SECTION 4.10 Increased Costs. 

(a)        Increased Costs Generally. If any Change in Law shall: 

(i)        impose, modify or deem applicable any reserve, special
deposit, compulsory loan, insurance charge or similar requirement against assets of, deposits with or for the account of, or advances, loans or other credit extended or participated in by, any Lender (except any reserve requirement reflected in the
LIBOR Rate) or any Issuing Lender; 

  
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 (ii)        subject any
Recipient to any Taxes (other than (A) Indemnified Taxes, (B) Taxes described in clauses (b) through (d) of the definition of Excluded Taxes and (C) Connection Income Taxes) on its loans, loan principal, letters of credit, commitments, or other
obligations, or its deposits, reserves, other liabilities or capital attributable thereto, or 

(iii)        impose on any Lender or any Issuing Lender or the London
interbank market any other condition, cost or expense (other than Taxes) affecting this Agreement or LIBOR Rate Loans made by such Lender or any Letter of Credit or participation therein; 

and the result of any of the foregoing shall be to increase the cost to such Lender, such Issuing Lender or such other Recipient of making,
converting to, continuing or maintaining any Loan (or of maintaining its obligation to make any such Loan), or to increase the cost to such Lender, such Issuing Lender or such other Recipient of participating in, issuing or maintaining any Letter of
Credit (or of maintaining its obligation to participate in or to issue any Letter of Credit), or to reduce the amount of any sum received or receivable by such Lender, such Issuing Lender or such other Recipient hereunder (whether of principal,
interest or any other amount) then, upon written request of such Lender, such Issuing Lender or other Recipient, the Borrower shall promptly pay to any such Lender, such Issuing Lender or other Recipient, as the case may be, such additional amount
or amounts as will compensate such Lender, such Issuing Lender or other Recipient, as the case may be, for such additional costs incurred or reduction suffered. 

(b)        Capital Requirements. If any Lender or any Issuing Lender
determines that any Change in Law affecting such Lender or such Issuing Lender or any Lending Office of such Lender or such Lender’s or such Issuing 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 or such Issuing Lender’s capital or on the capital of such Lender’s or such Issuing Lender’s holding company, if any, as a consequence of this Agreement, the
Revolving Credit Commitment of such Lender or the Loans made by, or participations in Letters of Credit or Swingline Loans held by, such Lender, or the Letters of Credit issued by such Issuing Lender, to a level below that which such Lender or such
Issuing Lender or such Lender’s or such Issuing Lender’s holding company could have achieved but for such Change in Law (taking into consideration such Lender’s or such Issuing Lender’s policies and the policies of such
Lender’s or such Issuing Lender’s holding company with respect to capital adequacy and liquidity), then from time to time upon written request of such Lender or such Issuing Lender the Borrower shall promptly pay to such Lender or such
Issuing Lender, as the case may be, such additional amount or amounts as will compensate such Lender or such Issuing Lender or such Lender’s or such Issuing Lender’s holding company for any such reduction suffered.

(c)        Certificates for Reimbursement. A certificate of a Lender or an
Issuing Lender or such other Recipient setting forth the amount or amounts necessary to compensate such Lender or such Issuing Lender, such other Recipient or any of their respective holding companies, as the case may be, as specified in paragraph
(a) or (b) of this Section and delivered to the Borrower shall be conclusive absent manifest error. The Borrower shall pay such Lender or such Issuing Lender or such other Recipient, as the case may be, the amount shown as due on any such
certificate within ten (10) days after receipt thereof. 

  
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 (d)        Delay in
Requests. Failure or delay on the part of any Lender or any Issuing Lender or such other Recipient to demand compensation pursuant to this Section shall not constitute a waiver of such Lender’s or such Issuing Lender’s or
such other Recipient’s right to demand such compensation; provided that the Borrower shall not be required to compensate any Lender or an Issuing Lender or any other Recipient pursuant to this Section for any increased costs
incurred or reductions suffered more than 180 days prior to the date that such Lender or such Issuing Lender or such other Recipient, as the case may be, notifies the Borrower of the Change in Law giving rise to such increased costs or reductions
and of such Lender’s or such Issuing Lender’s or such other Recipient’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 180-day
period referred to above shall be extended to include the period of retroactive effect thereof). 
 SECTION
4.11        Taxes. 

(a)        Issuing Bank. For purposes of this Section 4.11, the term
“Lender” includes any Issuing Lender and the term “Applicable Law” includes FATCA. 

(b)        Payments Free of Taxes. Any and all payments by or on account
of any obligation of the Borrower hereunder or under any Loan Document shall be made without deduction or withholding for any Taxes, except as required by Applicable Law. If any Applicable Law (as determined in the good faith discretion of an
applicable Withholding Agent) requires the deduction or withholding of any Tax from any such payment by a Withholding Agent, then the applicable Withholding Agent shall be entitled to make such deduction or withholding and shall timely pay the full
amount deducted or withheld to the relevant Governmental Authority in accordance with Applicable Law and, if such Tax is an Indemnified Tax, then the sum payable by the Borrower shall be increased as necessary so that after such deduction or
withholding has been made (including such deductions and withholdings applicable to additional sums payable under this Section) the applicable Recipient receives an amount equal to the sum it would have received had no such deduction or withholding
been made. 
 (c)        Payment of Other Taxes by the Borrower. The
Borrower shall timely pay to the relevant Governmental Authority in accordance with Applicable Law, or at the option of the Administrative Agent timely reimburse it for the payment of, any Other Taxes. 

(d)        Indemnification by the Borrower. Without duplication of amounts
paid by Borrower pursuant to Section 4.11(b), the Borrower shall indemnify each Recipient within ten (10) days after demand therefor, for the full amount of any Indemnified Taxes (including Indemnified Taxes imposed or asserted on or
attributable to amounts payable under this Section) payable or paid by such Recipient or required to be withheld or deducted from a payment to such Recipient and any reasonable expenses arising therefrom or with respect thereto, whether or not such
Indemnified Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. A certificate as to the amount of such payment or liability delivered to the Borrower by a Recipient (with a copy to the Administrative
Agent), or by the Administrative Agent on its own behalf or on behalf of a Recipient, shall be conclusive absent manifest error. 

  
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 (e)        Indemnification by the
Lenders. Each Lender shall severally indemnify the Administrative Agent, within ten (10) days after demand therefor, for (i) any Indemnified Taxes attributable to such Lender (but only to the extent that the Borrower has not already
indemnified the Administrative Agent for such Indemnified Taxes and without limiting the obligation of the Borrower to do so), (ii) any Taxes attributable to such Lender’s failure to comply with the provisions of Section 11.9(d) relating
to the maintenance of a Participant Register and (iii) any Excluded Taxes attributable to such Lender, in each case, that are payable or paid by the Administrative Agent in connection with any Loan Document, and any reasonable expenses arising
therefrom or with respect thereto, whether or not such Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. A certificate as to the amount of such payment or liability delivered to any Lender by the
Administrative Agent shall be conclusive absent manifest error. Each Lender hereby authorizes the Administrative Agent to setoff and apply any and all amounts at any time owing to such Lender under any Loan Document or otherwise payable by the
Administrative Agent to the Lender from any other source against any amount due to the Administrative Agent under this paragraph (e). The agreements in paragraph (e) shall survive the resignation and/or replacement of the Administrative Agent. 

(f)        Evidence of Payments. As soon as practicable after any payment
of Indemnified Taxes or Other Taxes by the Borrower to a Governmental Authority pursuant to this Section 4.11, the Borrower shall deliver to the Administrative Agent the original or a certified copy of a receipt issued by such Governmental
Authority evidencing such payment, a copy of the return reporting such payment or other evidence of such payment reasonably satisfactory to the Administrative Agent. 

(g)        Status of Lenders. (i) Any Lender that is entitled to an
exemption from or reduction of withholding Tax with respect to payments made under any other Loan Document shall deliver to the Borrower and the Administrative Agent, at the time or times reasonably requested by the Borrower or the Administrative
Agent, such properly completed and executed documentation reasonably requested by the Borrower or the Administrative Agent as will permit such payments to be made without withholding or at a reduced rate of withholding. In addition, any Lender,
if reasonably requested by the Borrower or the Administrative Agent, shall deliver such other documentation prescribed by Applicable Law or reasonably requested by the Borrower or the Administrative Agent as will enable the Borrower or the
Administrative Agent to determine whether or not such Lender is subject to backup withholding or information reporting requirements. Notwithstanding anything to the contrary in the preceding two sentences, the completion, execution and
submission of such documentation (other than such documentation set forth in Sections 4.11(g)(ii)(A), (ii)(B) and (ii)(D) below) shall not be required if in the Lender’s reasonable judgment such completion, execution or submission would
subject such Lender to any material unreimbursed cost or expense or would materially prejudice the legal or commercial position of such Lender; 

(ii)        Without limiting the generality of the foregoing, in the
event that the Borrower is a U.S. Person, 
 (A)        any Lender
that is a U.S. Person shall deliver to the Borrower and the Administrative Agent on or prior to the date on which such Lender becomes a Lender 

  
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under this Agreement (and from time to time thereafter upon the reasonable request of the Borrower or the Administrative Agent), executed copies of IRS Form W-9 certifying that such Lender is
exempt from United States federal backup withholding tax; 

(B)        any Foreign Lender shall, to the extent it is legally
entitled to do so, deliver to the 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 reasonable request of the Borrower or the Administrative Agent), whichever of the following is applicable: 

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

2.        executed copies of IRS Form W-8ECI; 

3.        in the case of a Foreign Lender claiming the benefits of
the exemption for portfolio interest under Section 881(c) of the Code, (x) a certificate substantially in the form of Exhibit H-1 to the effect that such Foreign Lender is not a “bank” within the meaning of Section
881(c)(3)(A) of the Code, a “10 percent shareholder” of the Borrower within the meaning of Section 881(c)(3)(B) of the Code, or a “controlled foreign corporation” described in Section 881(c)(3)(C) of the Code (a “U.S. Tax
Compliance Certificate”) and (y) executed copies of IRS Form W-8BEN-E; or 

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

(C)        any Foreign Lender shall, to the extent it is legally
entitled to do so, deliver to the 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 reasonable request of the Borrower or the Administrative Agent), executed copies of any 

  
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other form prescribed by Applicable Law as a basis for claiming exemption from or a reduction in United States federal withholding Tax, duly completed, together with such supplementary
documentation as may be prescribed by Applicable Law to permit the Borrower or the Administrative Agent to determine the withholding or deduction required to be made; and 

(D)        if a payment made to a Lender under any Loan Document
would be subject to United States federal withholding Tax imposed by FATCA if such Lender were to fail to comply with the applicable reporting requirements of FATCA (including those contained in Section 1471(b) or 1472(b) of the Code, as
applicable), such Lender shall deliver to the Borrower and the Administrative Agent at the time or times prescribed by law and at such time or times reasonably requested by the Borrower or the Administrative Agent such documentation prescribed by
Applicable Law (including as prescribed by Section 1471(b)(3)(C)(i) of the Code) and such additional documentation reasonably requested by the Borrower or the Administrative Agent as may be necessary for the Borrower and the Administrative Agent to
comply with their obligations under FATCA and to determine that such Lender has complied with such Lender’s obligations under FATCA or to determine the amount to deduct and withhold from such payment. Solely for purposes of this clause
(D), “FATCA” shall include any amendments made to FATCA after the date of this Agreement. 

(iii)        Each Lender agrees that if any form or certification it
previously delivered expires or becomes obsolete or inaccurate in any respect, it shall update such form or certification or promptly notify the Borrower and the Administrative Agent in writing of its legal inability to do so. 

(h)        Treatment of Certain Refunds. If any party determines, in its
sole discretion exercised in good faith, that it has received a refund of any Taxes as to which it has been indemnified pursuant to this Section 4.11 (including by the payment of additional amounts pursuant to this Section 4.11), it
shall pay to the indemnifying party an amount equal to such refund (but only to the extent of indemnity payments made under this Section with respect to the Taxes giving rise to such refund), net of all out-of-pocket expenses (including Taxes) of
such indemnified party and without interest (other than any interest paid by the relevant Governmental Authority with respect to such refund). Such indemnifying party, upon the request of such indemnified party, shall repay to such indemnified
party the amount paid over pursuant to this paragraph (h) (plus any penalties, interest or other charges imposed by the relevant Governmental Authority) in the event that such indemnified party is required to repay such refund to such Governmental
Authority. Notwithstanding anything to the contrary in this paragraph (h), in no event will the indemnified party be required to pay any amount to an indemnifying party pursuant to this paragraph (h) the payment of which would place the
indemnified party in a less favorable net after-Tax position than the indemnified party would have been in if the Tax subject to indemnification and giving rise to such refund had not been deducted, withheld or otherwise imposed and the
indemnification payments or additional amounts with respect to such Tax had never been paid. This paragraph shall not be construed to require any indemnified party to make available its Tax returns (or any other information relating to its
Taxes that it deems confidential) to the indemnifying party or any other Person. 

  
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 (i)        Survival. Each
party’s obligations under this Section 4.11 shall survive the resignation or replacement of the Administrative Agent or any assignment of rights by, or the replacement of, a Lender, the termination of the Commitments and the repayment,
satisfaction or discharge of all obligations under any Loan Document. 
 SECTION
4.12          Mitigation Obligations; Replacement of Lenders. 

(a)        Designation of a Different Lending Office. If any Lender
requests compensation under Section 4.10, or requires the Borrower to pay any Indemnified Taxes or additional amounts to any Lender or any Governmental Authority for the account of any Lender pursuant to
Section 4.11, then such Lender shall use reasonable efforts to designate a different Lending Office for funding or booking its Loans hereunder or to assign its rights and obligations hereunder to another of its
offices, branches or affiliates, if, in the judgment of such Lender, such designation or assignment (i) would eliminate or reduce amounts payable pursuant to Section 4.10 or
Section 4.11, as the case may be, in the future and (ii) would not subject such Lender to any unreimbursed cost or expense and would not otherwise be disadvantageous to such Lender.

(b)        Replacement of Lenders. If any Lender requests compensation
under Section 4.10, or if the Borrower is required to pay any Indemnified Taxes or additional amounts to any Lender or any Governmental Authority for the account of any Lender pursuant to
Section 4.11, and, in each case, such Lender has declined or is unable to designate a different Lending Office in accordance with Section 4.12(a), or if any Lender is a Defaulting Lender or a Non-Consenting
Lender, then the Borrower 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 11.9), all of its interests, rights (other than its existing rights to payments pursuant to Section 4.10 or Section 4.11) and obligations under this Agreement and the
related Loan Documents to an assignee that shall assume such obligations (which assignee may be another Lender, if a Lender accepts such assignment); provided that: 

(i)        the Borrower shall have paid to the Administrative Agent
the assignment fee specified in Section 11.9; provided, that such fee shall be waived for the first such replacement occurring after the date of this Agreement; 

(ii)        such Lender shall have received payment of an amount equal
to the outstanding principal of its Loans and funded participations in Letters of Credit and Swingline 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 4.9) from the assignee (to the extent of such outstanding principal and accrued interest and fees) or the Borrower (in the case of all other amounts); 

(iii)        in the case of any such assignment resulting from a claim
for compensation under Section 4.10 or payments required to be made pursuant to Section 4.11, such assignment will result in a reduction in such compensation or payments thereafter; 

  
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 (iv)        such
assignment does not conflict with Applicable Law; and 

(v)        in the case of any assignment resulting from a Lender
becoming a Non-Consenting Lender, the applicable assignee shall have consented to the applicable amendment, waiver or consent. 

A Lender shall not be required to make any such assignment or delegation if, prior thereto, as a result of a waiver by such
Lender or otherwise, the circumstances entitling the Borrower to require such assignment and delegation cease to apply. 

(c)        Selection of Lending Office. Subject to Section 4.12(a), each
Lender may make any Loan to the Borrower through any Lending Office, provided that the exercise of this option shall not affect the obligations of the Borrower to repay the Loan in accordance with the terms of this Agreement or otherwise alter the
rights of the parties hereto. 
 SECTION 4.13        Incremental Loans.

(a)        On no more than three (3) occasions, at any time prior to the Maturity
Date, the Borrower may by written notice to the Administrative Agent elect to request the establishment of: 

(i)        one or more term loan commitments (any such term loan
commitment, a “Term Loan Commitment”) to make one or more term loans (any such term loan, a “Term Loan”); or 

(ii)        one or more increases in the Revolving Credit Commitments
(any such increase, an “Incremental Revolving Credit Commitment” and, together with the Term Loan Commitments, the “Incremental Loan Commitments”) to make revolving credit loans under the Revolving Credit Facility
(any such increase, an “Incremental Revolving Credit Increase” and, together with the Term Loans, the “Incremental Loans ”); 

provided that (1) the total aggregate principal amount for all such Incremental Loan Commitments shall not (as of
any date of incurrence thereof) exceed $100,000,000 and (2) the total aggregate amount for each Incremental Loan Commitment (and the Incremental Loans made thereunder) shall not be less than a minimum principal amount of $10,000,000 or, if
less, the remaining amount permitted pursuant to the foregoing clause (1). Each such notice shall specify the date (each, an “Increased Amount Date”) on which the Borrower proposes that any Incremental Loan Commitment shall be
effective, which shall be a date not less than thirty (30) days after the date on which such notice is delivered to Administrative Agent. The Borrower may invite any Lender, any Affiliate of any Lender and/or any Approved Fund, and/or any other
Person reasonably satisfactory to the Administrative Agent, the Issuing Lenders and the Swingline Lender, to provide an Incremental Loan Commitment (any such Person, an “Incremental Lender”). Any Lender or any proposed
Incremental Lender offered or approached to provide all or a portion of any Incremental Loan Commitment may elect or decline, in its sole discretion, to provide such Incremental Loan Commitment. Any Incremental Loan Commitment shall become
effective as of such Increased Amount Date; provided that: 

  
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 (A)        no Default or
Event of Default shall exist on such Increased Amount Date before or after giving effect to (1) any Incremental Loan Commitment and (2) the making of any Incremental Loans on such Increased Amount Date pursuant thereto; 

(B)        each Incremental Loan Commitment (and the Incremental
Loans made thereunder) shall constitute Obligations of the Borrower and shall be secured and guaranteed with the other Extensions of Credit on a pari passu basis; 

(C)        (1) in the case of each Term Loan (the terms of which
shall be set forth in the relevant Joinder Agreement): 
 (x)        such Term Loan
will mature and amortize in a manner reasonably acceptable to the Administrative Agent, the Incremental Lenders making such Term Loan and the Borrower; 

(y)        the Applicable Margin and pricing grid, if applicable, for such Term Loan
shall be determined by the Administrative Agent, the applicable Incremental Lenders and the Borrower on the applicable Increased Amount Date; and 

(z)        except as provided above, all other terms and conditions applicable to any
Term Loan shall be reasonably satisfactory to the applicable Incremental Lenders, Administrative Agent and the Borrower;

(2)        in the case of each Incremental Revolving Credit Increase:

 (y) the outstanding Revolving Credit Loans and Revolving Credit Commitment Percentages of Swingline Loans and L/C
Obligations will be reallocated by the Administrative Agent on the applicable Increased Amount Date among the Lenders (including the Incremental Lenders providing such Incremental Revolving Credit Increase) in accordance with their revised Revolving
Credit Commitment Percentages (and the Lenders (including the Incremental Lenders providing such Incremental Loans) agree to make all payments and adjustments necessary to effect such reallocation and the Borrower shall pay any and all costs
required pursuant to Section 4.9 in connection with such reallocation as if such reallocation were a repayment); and 

(z) all of the terms and conditions applicable to such Incremental Revolving Credit Increase shall be identical to the terms
and conditions applicable to the Revolving Credit Loans. 

(D)        such Incremental Loan Commitments shall be effected
pursuant to one or more Joinder Agreements executed and delivered by the Borrower, the Administrative Agent and the applicable Incremental Lenders (which Joinder Agreement 

  
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may, without the consent of any other Lenders, effect such amendments to this Agreement and the other Loan Documents as may be necessary or appropriate, in the opinion of the Administrative
Agent, to effect the provisions of this Section 4.13); and 

(E)        the Borrower shall deliver or cause to be delivered any
other documents (including resolutions of its board of directors or other governing body approving and authorizing such Incremental Loan Commitment and Incremental Loans) reasonably requested by the Administrative Agent in connection with any such
transaction.
 (b)        The Incremental Lenders shall be included in any
determination of the Required Lenders and, unless otherwise agreed by such Incremental Lenders, the Required Lenders, the Administrative Agent and the Borrower, the Incremental Lenders will not constitute a separate voting class for any purposes
under this Agreement. 

(c)        (i)        On any
Increased Amount Date on which any Term Loan Commitment becomes effective, subject to the foregoing terms and conditions, each Incremental Lender with a Term Loan Commitment shall make, or be obligated to make, a Term Loan to the Borrower in an
amount equal to its Term Loan Commitment and shall become a Lender hereunder with respect to such Term Loan Commitment and the Term Loan made pursuant thereto.

(ii)        On any Increased Amount Date on which any Incremental
Revolving Credit Increase becomes effective, subject to the foregoing terms and conditions, each Incremental Lender with an Incremental Revolving Credit Commitment shall become a Revolving Credit Lender hereunder with respect to such Incremental
Revolving Credit Commitment. 
 SECTION 4.14        Defaulting Lenders.

(a)        Defaulting Lender Adjustments. Notwithstanding anything to the
contrary contained in this Agreement, if any Lender becomes a Defaulting Lender, then, until such time as such Lender is no longer a Defaulting Lender, to the extent permitted by Applicable Law: 

(i)        Waivers and Amendments. Such Defaulting
Lender’s right to approve or disapprove any amendment, waiver or consent with respect to this Agreement shall be restricted as set forth in Section 11.2 and the definition of Required Lenders. 

(ii)        Defaulting Lender Waterfall. Any payment of
principal, interest, fees or other amounts received by the Administrative Agent for the account of such Defaulting Lender (whether voluntary or mandatory, at maturity, pursuant to Article IX or otherwise) or received by the Administrative
Agent from a Defaulting Lender pursuant to Section 11.4 shall be applied at such time or times as may be determined by the Administrative Agent as follows: first, to the payment of any amounts owing by such
Defaulting Lender to the Administrative Agent hereunder; second, to the payment on a pro rata basis of any amounts owing by such Defaulting Lender to the Issuing Lenders or the Swingline Lender hereunder; third, to Cash
Collateralize the Fronting Exposure of the Issuing Lenders and the Swingline Lender with respect to such Defaulting Lender; fourth, 

  
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as the Borrower may request (so long as no Default or Event of Default exists), to the funding of any Loan or funded participation in respect of which such Defaulting Lender has failed to fund
its portion thereof as required by this Agreement, as determined by the Administrative Agent; fifth, if so determined by the Administrative Agent and the Borrower, to be held in a deposit account and released pro rata in
order to (A) satisfy such Defaulting Lender’s potential future funding obligations with respect to Loans and funded participations under this Agreement and (B) Cash Collateralize the Issuing Lenders’ future Fronting Exposure with respect
to such Defaulting Lender with respect to future Letters of Credit and Swingline Loans issued under this Agreement; sixth, to the payment of any amounts owing to the Lenders, the Issuing Lenders or the Swingline Lender as a result of any
judgment of a court of competent jurisdiction obtained by any Lender, any Issuing Lender or the Swingline Lender against such Defaulting Lender as a result of such Defaulting Lender’s breach of its obligations under this Agreement;
seventh, so long as no Default or Event of Default exists, to the payment of any amounts owing to the Borrower as a result of any judgment of a court of competent jurisdiction obtained by the Borrower against such Defaulting Lender as a
result of such Defaulting Lender’s breach of its obligations under this Agreement; and eighth, to such Defaulting Lender or as otherwise directed by a court of competent jurisdiction; provided that if (x) such payment is a payment
of the principal amount of any Loans or funded participations in Swingline Loans or Letters of Credit in respect of which such Defaulting Lender has not fully funded its appropriate share and (y) such Loans were made or the related Letters of Credit
or Swingline Loans were issued at a time when the conditions set forth in Section 5.2 were satisfied or waived, such payment shall be applied solely to pay the Loans of, and funded participations in Swingline Loans or
Letters of Credit owed to, all Non-Defaulting Lenders on a pro rata basis prior to being applied to the payment of any Loans of, or funded participations in Swingline Loans or Letters of Credit owed to, such Defaulting Lender until
such time as all Loans and funded and unfunded participations in L/C Obligations and Swingline Loans are held by the Lenders pro rata in accordance with the Revolving Credit Commitments under the applicable Revolving Credit Facility
without giving effect to Section 4.14(a)(iv). Any payments, prepayments or other amounts paid or payable to a Defaulting Lender that are applied (or held) to pay amounts owed by a Defaulting Lender or to post Cash Collateral pursuant to this
Section 4.14(a)(ii) shall be deemed paid to and redirected by such Defaulting Lender, and each Lender irrevocably consents hereto. 

(iii)        Certain Fees. 

(A)        No Defaulting Lender shall be entitled to receive any
Commitment Fee for any period during which that Lender is a Defaulting Lender (and the Borrower shall not be required to pay any such fee that otherwise would have been required to have been paid to that Defaulting Lender). 

(B)        Each Defaulting Lender shall be entitled to receive letter
of credit commissions pursuant to Section 3.3 for any period during which that Lender is a Defaulting Lender only to the extent allocable to its Revolving Credit Commitment Percentage of the stated amount of Letters of Credit for which it has
provided Cash Collateral pursuant to Section 4.14. 

  
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 (C)        With respect
to any letter of credit commission not required to be paid to any Defaulting Lender pursuant to clause (A) or (B) above, the Borrower shall (1) pay to each Non-Defaulting Lender that portion of any such fee otherwise payable to such Defaulting
Lender with respect to such Defaulting Lender’s participation in L/C Obligations or Swingline Loans that has been reallocated to such Non-Defaulting Lender pursuant to clause (iv) below, (2) pay to each applicable Issuing Lender and
Swingline Lender, as applicable, the amount of any such fee otherwise payable to such Defaulting Lender to the extent allocable to such Issuing Lender’s or Swingline Lender’s Fronting Exposure to such Defaulting Lender, and (3) not be
required to pay the remaining amount of any such fee. 

(iv)        Reallocation of Participations to Reduce Fronting
Exposure. All or any part of such Defaulting Lender’s participation in L/C Obligations and Swingline Loans shall be reallocated among the Non-Defaulting Lenders in accordance with their respective Revolving Credit Commitment
Percentages (calculated without regard to such Defaulting Lender’s Revolving Credit Commitment) but only to the extent that (x) the conditions set forth in Section 5.2 are satisfied at the time of such reallocation (and, unless the
Borrower shall have otherwise notified the Administrative Agent at such time, the Borrower shall be deemed to have represented and warranted that such conditions are satisfied at such time), and (y) such reallocation does not cause the aggregate
Revolving Credit Exposure of any Non-Defaulting Lender to exceed such Non-Defaulting Lender’s Revolving Credit Commitment. Subject to Section 11.22, no reallocation hereunder shall constitute a waiver or release of any claim of any
party hereunder against a Defaulting Lender arising from that Lender having become a Defaulting Lender, including any claim of a Non-Defaulting Lender as a result of such Non-Defaulting Lender’s increased exposure following such reallocation.

 (v)        Cash Collateral, Repayment of Swingline
Loans. If the reallocation described in clause (iv) above cannot, or can only partially, be effected, the Borrower shall, without prejudice to any right or remedy available to it hereunder or under law, (x) first, repay
Swingline Loans in an amount equal to the Swingline Lenders’ Fronting Exposure and (y) second, Cash Collateralize the Issuing Lenders’ Fronting Exposure. 

(b)        Defaulting Lender Cure. If the Borrower, the Administrative
Agent, Swingline Lender and the Issuing Lenders agree in writing in their sole discretion that a Lender is no longer a Defaulting Lender, the Administrative Agent will so notify the parties hereto, whereupon as of the effective date specified in
such notice and subject to any conditions set forth therein (which may include arrangements with respect to any Cash Collateral), such Lender will, to the extent applicable, purchase at par that portion of outstanding Revolving Credit Loans of the
other Lenders or take such other actions as the Administrative Agent may determine to be necessary to cause the Revolving Credit Loans and funded and unfunded participations in Letters of Credit and Swingline Loans to be held pro rata
by the Lenders in accordance with the Commitments under the applicable Credit Facility (without giving effect to Section 4.14(a)(iv), whereupon such Lender will cease to be a Defaulting Lender; provided that no adjustments will be made
retroactively with respect to fees accrued or payments made by or on behalf of the Borrower while that Lender was a Defaulting Lender; and provided, further, that except to the extent otherwise expressly agreed by the affected parties,
no change hereunder from Defaulting Lender 

  
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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. 

(c)        New Swingline Loans/Letters of Credit. So long as any Lender is
a Defaulting Lender, (i) the Swingline Lender shall not be required to fund any Swingline Loans unless it is satisfied that it will have no Fronting Exposure after giving effect to such Swingline Loan and (ii) no Issuing Lender shall be required to
issue, extend, renew or increase any Letter of Credit unless it is satisfied that it will have no Fronting Exposure after giving effect thereto. 

ARTICLE V 
 CONDITIONS OF
EFFECTIVENESS AND BORROWING 
 SECTION 5.1 Conditions to Effectiveness and Initial Extensions of Credit. The
effectiveness of this Agreement and the obligation of the Lenders to make the initial Loan or issue or participate in the initial Letter of Credit, if any, is subject to the satisfaction of each of the following conditions: 

(a)        Executed Loan Documents. This Agreement, a Revolving Credit
Note in favor of each Revolving Credit Lender requesting a Revolving Credit Note, a Swingline Note in favor of the Swingline Lender (if requested thereby), the Guaranty and a reaffirmation of the other Security Documents, together with any other
applicable Loan Documents, shall have been duly authorized, executed and delivered to the Administrative Agent by the parties thereto and shall be in full force and effect. 

(b)        Closing Certificates; Etc. The Administrative Agent shall have
received each of the following in form and substance reasonably satisfactory to the Administrative Agent: 

(i)        Certificate of Secretary of each Credit Party. A
certificate of a Responsible Officer of each Credit Party certifying as to the incumbency and genuineness of the signature of each officer of such Credit Party executing Loan Documents to which it is a party and certifying that attached thereto is a
true, correct and complete copy of (A) the articles or certificate of incorporation or formation of such Credit Party and all amendments thereto, certified as of a recent date by the appropriate Governmental Authority in its jurisdiction of
incorporation or formation, or, for Credit Parties other than the Borrower, a certification that such articles or certificate of incorporation or formation have not been amended, restated, or modified since a true, correct and complete copy was last
delivered to the Administrative Agent and by a Responsible Officer of such Credit Party, (B) the bylaws or other governing document of such Credit Party as in effect on the Restatement Closing Date, (C) resolutions duly adopted by the
board of directors (or other governing body) of such Credit Party authorizing the transactions contemplated hereunder and the execution, delivery and performance of this Agreement and the other Loan Documents to which it is a party, and (D) each
certificate required to be delivered pursuant to Section 5.1(b)(iii). 

(ii)        Certificates of Good Standing. Certificates as
of a recent date of the good standing of each Credit Party under the laws of its jurisdiction of organization and, to the 

  
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extent requested by the Administrative Agent, each other jurisdiction where such Credit Party is qualified to do business. 

(iii)        Opinions of Counsel. Favorable opinions of
external United States counsel to the Credit Parties addressed to the Administrative Agent and the Lenders with respect to the Credit Parties, the Loan Documents and such other matters as the Administrative Agent shall request and which opinion
shall permit reliance by successors and permitted assigns of each of the Administrative Agent and the Lenders. 

(c)        Collateral. 

(i)        Pledged Collateral. The Administrative Agent
shall have received original stock certificates or other certificates evidencing the Capital Stock of first tier Foreign Subsidiaries pledged pursuant to the Security Documents, together with an undated stock power for each such certificate duly
executed in blank by the registered owner thereof. 

(ii)        Lien Search. The Administrative Agent shall
have received the results of a Lien search (including a search as to judgments, pending litigation, tax and intellectual property matters), in form and substance reasonably satisfactory thereto, made against each Credit Party signatory to the
Collateral Agreement under the Uniform Commercial Code (or applicable judicial docket) as in effect in each jurisdiction in which filings or recordations under the Uniform Commercial Code should be made to evidence or perfect security interests in
all assets of such Credit Party, indicating among other things that the assets of each such Credit Party are free and clear of any Lien (except for Permitted Liens). 

(d)        Governmental and Third Party Approvals. The Credit Parties
shall have received all material governmental, shareholder and third party consents and approvals necessary (or any other material consents as determined in the reasonable discretion of the Administrative Agent) in connection with the transactions
contemplated by this Agreement and the other Loan Documents and no action shall have been taken by any Person that could reasonably be expected to restrain, prevent or impose any material adverse conditions on any of the Credit Parties or such other
transactions or that could seek or threaten any of the foregoing, and no law or regulation shall be applicable which in the reasonable judgment of the Administrative Agent could reasonably be expected to have such effect. 

(e)        Payment at Closing. The Borrower shall have paid (A) to the
Administrative Agent, the Arrangers and the Lenders the fees set forth or referenced in Section 4.3 and any other accrued and unpaid fees or commissions due hereunder and (B) all fees, charges and disbursements of
counsel to the Administrative Agent and Wells Fargo Securities, LLC (directly to such counsel if requested by the Administrative Agent) to the extent accrued and unpaid prior to or on the Restatement Closing Date, plus such additional amounts of
such fees, charges and disbursements as shall constitute its reasonable estimate of such fees, charges and disbursements incurred or to be incurred by it through the closing proceedings (provided that such estimate shall not thereafter
preclude a final settling of accounts between the Borrower and the Administrative Agent). 

  
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 (f)        Miscellaneous. 

(i)        PATRIOT Act. The Borrower and each of the
Subsidiary Guarantors shall have provided to the Administrative Agent and the Lenders the documentation and other information requested by the Administrative Agent in order to comply with requirements of any Anti-Money Laundering Laws, including,
without limitation, the PATRIOT Act and any applicable “know your customer” rules and regulations. 

(ii)        Other Documents. All opinions, certificates
and other instruments and all proceedings in connection with the transactions contemplated by this Agreement shall be satisfactory in form and substance to the Administrative Agent. The Administrative Agent shall have received copies of all
other documents, certificates and instruments reasonably requested thereby, with respect to the transactions contemplated by this Agreement. 

SECTION 5.2 Conditions to All Extensions of Credit. The obligations of the Lenders to make any Loan or participate
in any Swingline Loan or Letter of Credit (including the initial Extension of Credit), and of any Issuing Lender to issue or extend any Letter of Credit are subject to the satisfaction of the following conditions precedent on the relevant borrowing,
issuance or extension date: 
 (a)        Continuation of Representations and
Warranties. The representations and warranties contained in Article VI shall be true and correct in all material respects on and as of such borrowing, issuance or extension date with the same effect as if made on
and as of such date, except for any representation and warranty made as of an earlier date, which representation and warranty shall remain true and correct in all material respects as of such earlier date. 

(b)        No Existing Default. No Default or Event of Default shall have
occurred and be continuing (i) on the borrowing date with respect to such Loan or after giving effect to the Loans to be made on such date or (ii) on the issuance or extension date with respect to such Letter of Credit or after giving effect to the
issuance or extension of such Letter of Credit on such date. 

(c)        Notices. The Administrative Agent shall have received a Notice
of Borrowing or Letter of Credit Application from the Borrower in accordance with Section 2.3(a) or Section 3.2(a), as applicable. 

(d)        New Swingline Loans/Letters of Credit. So long as any Lender is
a Defaulting Lender, (i) the Swingline Lender shall not be required to fund any Swingline Loans unless it is satisfied that it will have no Fronting Exposure after giving effect to such Swingline Loan and (ii) the Issuing Lenders shall not be
required to issue, extend, renew or increase any Letter of Credit unless it is satisfied that it will have no Fronting Exposure after giving effect thereto. 

ARTICLE VI 
 REPRESENTATIONS
AND WARRANTIES OF THE CREDIT PARTIES 
 In order to induce the Lenders to enter into this Agreement and to make the
Loans, and issue (or participate in) the Letters of Credit as provided herein, the Borrower makes the 

  
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following representations, warranties and agreements, in each case after giving effect to the Transaction, all of which shall survive the execution and delivery of this Agreement and the Notes
and the making of the Loans and the issuance of the Letters of Credit. 
 SECTION 6.1 Corporate Organization and
Power. The Borrower is a corporation, duly incorporated and validly existing in good standing under the laws of the jurisdiction of its incorporation; it has all necessary corporate power to own its property and to carry on its business as
now being conducted; and it is duly qualified to do business and is in good standing in each jurisdiction in which the character of the properties owned or leased by it therein or in which the transaction of its business makes such qualification
necessary, except where the failure to be so qualified, or to be in good standing, could not reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect. 

SECTION 6.2    Subsidiaries. Schedule 6.2 (as updated from time to time pursuant
to Section 7.1(g)) identifies each Subsidiary, the jurisdiction of its incorporation, the percentage of issued and outstanding shares of each class of its capital stock owned by the Borrower and the Subsidiaries and, if such percentage is not
100% (excluding directors’ qualifying shares as required by law), a description of each class of its authorized capital stock and the number of shares of each class issued and outstanding. Each Subsidiary is a corporation, duly
incorporated and validly existing in good standing under the laws of the jurisdiction of its incorporation, has all necessary corporate power to own its property and to carry on its business as now being conducted, and is duly qualified to do
business and in good standing in each jurisdiction in which the character of its properties owned or leased by it therein or in which the transaction of its business makes such qualification necessary, except (a) where the failure to be so
qualified, or to be in good standing, could not reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect, and (b) for any inactive Subsidiary which the Borrower intends to dissolve in accordance with Section
8.1 hereof. All of the issued and outstanding shares of capital stock of each Subsidiary have been duly authorized and validly issued and are fully paid and nonassessable. All such shares owned by the Borrower or any Subsidiary thereof are owned
beneficially and of record, free of any Lien. 
 SECTION 6.3    Corporate Authority. Each of
the Borrower and each of its Subsidiaries has all necessary corporate power and authority to execute and deliver, and to incur and perform its obligations under, each of the Loan Documents to which it is a party, all of which have been duly
authorized by all proper and necessary corporate action. No consent or approval of stockholders is required as a condition to the validity or performance of, or the exercise by the Administrative Agent or the Lenders of any of their rights or
remedies under, any Loan Document. 
 SECTION 6.4    Authorizations. All
authorizations, consents, approvals, registrations, notices, exemptions and licenses with or from any Governmental Authority or other Person necessary for the execution, delivery and performance by the Borrower or any Subsidiary of, and the
incurrence and performance of each of its obligations under, each of the Credit Documents, and the exercise by the Administrative Agent and the Lenders of their remedies under each of the Credit Documents have been effected or obtained and are in
full force and effect. 

  
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 SECTION 6.5    Binding Obligation. Each of the
Loan Documents to which the Borrower is a party (other than the Notes) constitutes and, when issued in accordance with the terms hereof, each Note will constitute, the valid and legally binding obligation of the Borrower, enforceable in accordance
with its terms, subject as to enforcement to bankruptcy, insolvency, reorganization, moratorium and similar laws of general applicability relating to or affecting creditors’ rights and to general equity principles. Each of the Loan Documents to
which any Subsidiary is a party constitutes the valid and legally binding obligation of such Subsidiary, enforceable in accordance with its terms, subject as to enforcement to bankruptcy, insolvency, reorganization, moratorium and similar laws of
general applicability relating to or affecting creditors’ rights and to general equity principles. 
 SECTION
6.6    Litigation; Labor Controversies. Except as described in Schedule 6.6 and updated through Section 7.11, there are no proceedings or investigations now pending or, to the knowledge of the Borrower,
threatened before any court or arbitrator or before or by any Governmental Authority which (i) relate to this Agreement or any other Loan Document or (ii) individually or in the aggregate, if determined adversely to the interests of the Borrower or
any Subsidiary, could reasonably be expected to have a Material Adverse Effect. Except as set forth in Schedule 6.6, there are no labor controversies pending or, to the best knowledge of the Borrower, threatened against the Borrower or any
Subsidiary which could reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect. 

SECTION 6.7    No Conflicts. There is no law, regulation, rule, order or judgment, and no
provision of any material agreement or instrument binding upon the Borrower or any Subsidiary, or affecting their properties, no provision of the certificate of incorporation or by-laws (or similar constitutive instruments) of the Borrower or any
Subsidiary and no provision of any Contractual Obligation to which the Borrower or any Subsidiary is a party, that would prohibit, conflict with or in any way impair the execution or delivery of, or the incurrence or performance of any obligations
of the Borrower under, any Loan Document, or result in or require the creation or imposition of any Lien on any property of the Borrower or any Subsidiary as a consequence of the execution, delivery and performance of any Loan Document. 

SECTION 6.8    Financial Condition.

(a)        The Consolidated balance sheet of the Borrower as of February 27, 2016,
together with Consolidated statements of income, retained earnings, paid-in capital and surplus and cash flows for the Fiscal Year then ended, audited and reported upon by the Borrower’s outside independent certified public accounting firm,
previously delivered to the Administrative Agent and the Lenders, and the unaudited Consolidated balance sheet of the Borrower as of August 27, 2016, together with Consolidated statements of income, retained earnings, paid-in capital and
surplus and cash flows for the period then ended, fairly present the Consolidated financial condition, Consolidated results of operations and transactions in surplus accounts of the Borrower as of the dates and for the periods referred to and have
been prepared in accordance with GAAP consistently applied throughout the period involved, subject to normal year-end adjustments and the absence of footnotes. There are no material liabilities (whether known or unknown, direct or indirect, fixed or
contingent, and of any nature whatsoever) of the Borrower or any Subsidiary as of the date of each such balance sheet that are not reflected therein or, as applicable, in the notes thereto. 

  
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 (b)         No Default or Event of
Default has occurred and is continuing. There has been no material adverse change in the business, properties, condition (financial or otherwise) or operations, present or prospective, of the Borrower and the Subsidiaries, taken as a whole,
since February 27, 2016. 
 SECTION 6.9        Taxes. The Borrower and
its Subsidiaries have filed all United States federal tax returns, and all other tax returns, required to be filed and have paid all taxes, assessments and governmental charges or levies due pursuant to such returns or pursuant to any assessment
received by the Borrower or any Subsidiary, except such taxes, if any, as are being contested in good faith and for which adequate reserves have been provided. No notices of tax liens have been filed and no claims are being asserted concerning any
such taxes, assessments and governmental charges or levies, which liens or claims could reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect. The charges, accruals and reserves on the books of the Borrower and
its Subsidiaries for any taxes or other governmental charges are adequate. 
 SECTION
6.10        Margin Stock; Use of Proceeds. Neither the Borrower nor any Subsidiary is engaged principally or as one of its activities in the business of extending credit for the purpose of
“purchasing” or “carrying” any “margin stock” (as each such term is defined or used, directly or indirectly, in Regulation U of the Board of Governors of the Federal Reserve System). No part of the proceeds of any
of the Loans or Letters of Credit will be used for purchasing or carrying margin stock or for any purpose which violates, or which would be inconsistent with, the provisions of Regulation T, U or X of such Board of Governors. The proceeds of
the Loans and Letters of Credit are to be used solely for the purposes set forth in and permitted by Section 7.12. 

SECTION 6.11        Compliance with ERISA. With respect to each Plan, the
Borrower and each other member of the ERISA Group has fulfilled its obligations under the minimum funding standards of and is in compliance in all material respects with ERISA, and with the Code to the extent applicable to it. Neither the Borrower
nor any other member of the ERISA Group has incurred or is likely to incur any liability to the PBGC or a Plan under Title IV of ERISA other than a liability to the PBGC for premiums under Section 4007 of ERISA. Neither the Borrower nor any
Subsidiary has any contingent liabilities for any post-retirement benefits under a Welfare Plan, other than liability for continuation coverage described in Part 6 of Title I of ERISA. No Pension Plan has incurred an unwaived “reportable
event” under Section 4043 of ERISA as a result of which either the Borrower or any Subsidiary is expected to incur a material liability. Neither the Borrower nor any member of the ERISA Group has incurred or is likely to incur any material
withdrawal liability under a Multiemployer Plan. Neither the Borrower nor any member of the ERISA Group has received notice from the PBGC of an intent to terminate a Pension Plan under Section 4042 of ERISA. No trustee has been appointed
to administer any Pension Plan. No trustee has been appointed to administer any Multiemployer Plan under Section 4042 of ERISA, and no Multiemployer Plan has provided notice to the Borrower or any member of the ERISA Group that (i) it is, or is
expected to become, insolvent or in reorganization within the meaning of Title IV of ERISA, as a result of which either the Borrower or any Subsidiary is expected to incur a material liability, or (ii) it is, or is expected to become, in endangered
or critical status under ERISA and that such status could reasonably be expected to have a Material Adverse Effect. 

  
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 SECTION 6.12        Not an Investment
Company. Neither the Borrower nor any Subsidiary is (i) an “investment company” or a company “controlled” by an “investment company” within the meaning of the Investment Company Act of 1940, as amended, or (ii)
subject to regulation under any foreign, federal, state or local statute or regulation limiting its ability to incur indebtedness for money borrowed as contemplated hereby. 

SECTION 6.13        Properties. The Borrower and the Subsidiaries each has
good and marketable title to, or valid leasehold interests in, all of its respective properties and assets that are reflected on the Consolidated balance sheet of the Borrower as of the most recent date, except for such immaterial properties and
assets as have been disposed of in the ordinary course of business and except for minor defects in title that do not interfere with the ability of the Borrower or any Subsidiary to conduct its business as now conducted. All such assets and
properties are so owned or held free and clear of all Liens, except Permitted Liens. 
 SECTION
6.14        Compliance with Laws. The Borrower and each of its Subsidiaries has all necessary licenses, permits and governmental authorizations to own and operate its Properties and to carry on its
business as currently conducted and contemplated, except to the extent failure to have the same could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. The Borrower and each of its Subsidiaries is in
material compliance with all applicable laws, regulations, ordinances and orders of any governmental or judicial authorities except for any such law, regulation, ordinance or order which, the failure to comply therewith, could not, individually or
in the aggregate, reasonably be expected to have a Material Adverse Effect. 
 SECTION
6.15        Environmental Protection. Except as disclosed in Schedule 6.15, the Borrower and each of its Subsidiaries and all real property owned, leased or operated by the Borrower or any
Subsidiary are in compliance with all applicable Environmental Laws and Environmental Permits, except for any noncompliance which would not reasonably be expected to have a Material Adverse Effect. The Borrower and each of its Subsidiaries have all
required Environmental Permits, except where the failure to obtain an Environmental Permit would not reasonably be expected to have a Material Adverse Effect, and no revocation of any Environmental Permit is pending or, to Borrower’s knowledge,
threatened. Neither the Borrower nor any Subsidiary has caused or suffered to occur any Release of any Hazardous Substance into the environment and there is no Release of Hazardous Substances on any real property owned, leased or operated by the
Borrower or any Subsidiary, except in each case for (a) permitted Releases under any Environmental Laws or Environmental Permit issued to the Borrower or any Subsidiary or (b) Releases that would not reasonably be expected, individually or in the
aggregate, to have a Material Adverse Effect, or to result in any violations of any Environmental Laws that could reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect. Except as disclosed in Schedule
6.15, neither the Borrower nor any Subsidiary has caused or suffered to occur any condition on any of their property that could give rise to the imposition of any Lien under Environmental Laws which would reasonably be expected to have a
Material Adverse Effect. There are no Environmental Claims pending, or to the knowledge of the Borrower or any Subsidiary, threatened against the Borrower or any Subsidiary which would in any such case, individually or in the aggregate,
reasonably be expected to have a Material Adverse Effect. 

  
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 SECTION
6.16        Insurance. All of the properties and operations of the Borrower and each Subsidiary of a character usually insured by companies of established reputation engaged in the same or a
similar business similarly situated are adequately insured, by financially sound and reputable insurers, against loss or damage of the kinds and in amounts customarily insured against by such Persons, and the Borrower and the Subsidiaries carry,
with such insurers in customary amounts, such other insurance, including larceny, embezzlement or other criminal misappropriation insurance and business interruption insurance, as is usually carried by companies of established reputation engaged in
the same or a similar business similarly situated. 
 SECTION 6.17        No
Burdensome Restrictions; Compliance with Agreements. Neither the Borrower nor any Subsidiary is (a) subject to any law, regulation, rule or order that (individually or in the aggregate) materially and adversely affects the business,
operations, Property or financial or other condition of the Borrower and its Subsidiaries taken as a whole or (b) in default in the performance, observance or fulfillment of any of the obligations, covenants or conditions contained in any
Contractual Obligation to which it is a party, which default could reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect. 

SECTION 6.18        Full Disclosure. All information relating to the
Borrower or its Subsidiaries delivered in writing to the Administrative Agent or any Lender in connection with the negotiation, execution and delivery of this Agreement and the other Loan Documents is true and complete in all material respects.
There is no material fact of which the Borrower is aware which, individually or in the aggregate, could reasonably be expected to influence adversely any Lender’s credit analysis relating to the Borrower and its Subsidiaries which has not been
disclosed to the Lenders in writing. 
 SECTION
6.19        Solvency. The Borrower, both individually and taken as a whole together with its Subsidiaries, is Solvent. 

SECTION 6.20        Anti-Corruption Laws and Sanctions.

(a)        None of (i) the Borrower, any Subsidiary, any of their respective
directors, officers, or, to the knowledge of the Borrower or such Subsidiary, any of their respective employees or Affiliates, or (ii) or, to the knowledge of the Borrower or such Subsidiary, without inquiry, any agent or representative of the
Borrower or any Subsidiary that will act in any capacity in connection with or benefit from the Credit Facility, (A) is a Sanctioned Person or currently the subject or target of any Sanctions, (B) has its assets located in a Sanctioned Country, (C)
directly or indirectly derives revenues from investments in, or transactions with, Sanctioned Persons, (D) has taken any action, directly or indirectly, that would result in a violation by such Persons of any Anti-Corruption Laws, or (E) has
violated any Anti-Money Laundering Law. Each of the Borrower and its Subsidiaries has implemented and maintains in effect policies and procedures designed to ensure compliance by the Borrower and its Subsidiaries and their respective directors,
officers, employees, agents and Affiliates with the Anti-Corruption Laws. Each of the Borrower and its Subsidiaries, and to the knowledge of Borrower, each director, officer, employee, agent and Affiliate of Borrower and each such Subsidiary,
is in compliance with the Anti-Corruption Laws in all material respects. 

  
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 (b)        No proceeds of any Extension
of Credit have been used, directly or indirectly, by the Borrower, any of its Subsidiaries or any of its or their respective directors, officers, employees and agents (i) in furtherance of an offer, payment, promise to pay, or authorization of the
payment or giving of money, or anything else of value, to any Person in violation of any Anti-Corruption Laws, (ii) for the purpose of funding, financing or facilitating any activities, business or transaction of or with any Sanctioned Person, or in
any Sanctioned Country, including any payments (directly or indirectly) to a Sanctioned Person or a Sanctioned Country or (iii) in any manner that would result in the violation of any Sanctions applicable to any party hereto. 

SECTION 6.21        Intellectual Property Matters. The Borrower and its
Subsidiaries own or possess rights to use all material franchises, licenses, copyrights, copyright applications, patents, patent rights or licenses, patent applications, trademarks, trademark rights, service mark, service mark rights, trade names,
trade name rights, copyrights and other rights with respect to the foregoing which are reasonably necessary to conduct their businesses. No event has occurred which permits, or after notice or lapse of time or both would permit, the revocation
or termination of any such rights, and neither the Borrower nor any Subsidiary is liable to any Person for infringement under applicable law with respect to any such rights as a result of its business operations, which in any such case could
reasonably be expected, either individually or in the aggregate, to have a Material Adverse Effect. 
 SECTION
6.22        Survival. All representations and warranties made by the Borrower in this Agreement, and in the certificates or other instruments prepared or delivered in connection with or pursuant to
this Agreement, shall (i) be considered to have been relied upon by the Administrative Agent and the Lenders, (ii) survive the making of Loans and the issuance of Letters of Credit regardless of any investigation made by, or on behalf of, the
Administrative Agent or any of the Lenders, and (iii) continue in full force and effect as long as the Revolving Credit Commitments have not been terminated and, thereafter, so long as any Loan, L/C Obligation, Commitment Fee, Letter of
Credit fees or other amount payable under any Loan Document remains unpaid. 
 ARTICLE VII 

AFFIRMATIVE COVENANTS 

Borrower hereby covenants and agrees that on and after the Restatement Closing Date and until the Revolving Credit Commitment
and all Letters of Credit have terminated and all other Obligations (other than contingent indemnification obligations not then due) have been paid and satisfied in full in cash, it will: 

SECTION 7.1 Financial Statements; Compliance Certificates. Furnish to the Lenders: 

(a)        as soon as available, but in no event more than 45 days following the end
of each of the first three quarters of each Fiscal Year, copies of the Borrower’s Quarterly Report on Form 10-Q being filed with the SEC, which shall include a Consolidated balance sheet and Consolidated income statement of the Borrower and the
Subsidiaries for such quarter; 

  
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 (b)        as soon as available, but in
no event more than 90 days following the end of each Fiscal Year, a copy of the Borrower’s Annual Report on Form 10-K being filed with the SEC, which shall include the Consolidated financial statements of the Borrower and the Subsidiaries,
together with an audit report thereon by the Borrower’s outside independent certified public accounting firm (or another firm of independent certified public accountants reasonably satisfactory to the Lenders), for such year; 

(c)        together with each report delivered pursuant to Sections 7.1(a) and
(b), a Compliance Certificate stating whether, as of the last date of the financial statements included in such report, any event occurred or circumstance existed which, individually or in the aggregate, constituted a Default or Event of Default
(and, if so, detailing the facts with respect thereto) and whether the Borrower was in compliance with the covenants set forth in Section 8.11, together with calculations to (i) establish the Borrower’s compliance with such covenants and
(ii) evidence the Pricing Level used to determine the Applicable Margin; 

(d)         promptly upon the filing by the Borrower with the SEC or any national
securities exchange of any registration statement (other than a registration statement on Form S-8 or an equivalent form) or regular periodic report (other than the reports referred to in Sections 7.1(a) and (b)), notification of such filing;
and, at the request of the Administrative Agent or any Lender, the Borrower shall deliver to the Administrative Agent or such Lender a copy of such filing (excluding exhibits); 

(e)        promptly upon the mailing thereof to the shareholders of the Borrower
generally, copies of all financial statements, reports and proxy statements so mailed; 

(f)        within five Business Days of any Responsible Officer of the Borrower
obtaining knowledge of any Default or Event of Default, a certificate of a Responsible Officer of the Borrower stating that such certificate is a “Notice of Default” and setting forth the details thereof and the action which the Borrower
is taking or proposes to take with respect thereto; 
 (g)        quarterly, an
update to Schedule 6.2 hereto, to the extent required; 
 (h)        promptly
upon the request thereof, such other information and documentation required by bank regulatory authorities under applicable Anti-Money Laundering Laws (including, without limitation, any applicable “know your customer” rules and
regulations and the PATRIOT Act), as from time to time reasonably requested by the Administrative Agent or any Lender; and 

(i)        such additional information, reports or statements, regarding the business,
financial condition or results of operations of the Borrower and its Subsidiaries, as the Administrative Agent or any of the Lenders from time to time may reasonably request. 

If any Subsidiary of the Borrower files on behalf of itself with the SEC any of the documents described in Sections 7.1(a) through
7.1(e) above, the Borrower or such Subsidiary will furnish such documents to the Lenders in accordance with those Sections. Any information or document that is required to be furnished by the preceding sentence or Sections 7.1(a) through
7.1(e) above and that is filed with the SEC via the EDGAR filing system shall be deemed to be 

  
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furnished so long as the Borrower provides to the Administrative Agent electronic or written notice of the posting of such information or document.

SECTION 7.2 Corporate Existence. Except as permitted by Section 8.1, maintain, and cause each Subsidiary to
maintain, its corporate existence in good standing and to qualify and remain qualified to do business in each jurisdiction in which the character of the properties owned or leased by it therein or in which the transaction of its business is such
that the failure to qualify, individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect. 

SECTION 7.3 Conduct of Business. Preserve, renew and keep in full force and effect, and cause each Subsidiary to
preserve, renew and keep in full force and effect, all its franchises and licenses necessary or desirable in the normal conduct of its business and the loss of which, individually or in the aggregate, could reasonably be expected to have a Material
Adverse Effect; and comply, and cause each Subsidiary to comply, with all applicable laws, orders, rules and regulations of all Governmental Authorities the failure with which so to comply, individually or in the aggregate, could reasonably be
expected to have a Material Adverse Effect. 
 SECTION 7.4 Authorizations. Obtain, make and keep in full force
and effect, and cause each of its Subsidiaries to obtain, make and keep in full force and effect, all authorizations from and registrations with Governmental Authorities required for the validity or enforceability of the Loan Documents. 

SECTION 7.5 Taxes. Pay and discharge, and cause each Subsidiary to pay and discharge, all taxes, assessments and
governmental charges upon it, its income and its properties prior to the date on which penalties are attached thereto, except to the extent that (i) such taxes, assessments and governmental charges shall be contested in good faith and by appropriate
proceedings by the Borrower or such Subsidiary, as the case may be, (ii) unless the amount thereof is not material to the Borrower’s Consolidated financial condition, adequate reserves are maintained (in accordance with GAAP) by the Borrower or
such Subsidiary, as the case may be, with respect thereto, and (iii) any failure to pay and discharge such taxes, assessments and governmental charges could not reasonably be expected, individually or in the aggregate, to have a Material Adverse
Effect. 
 SECTION 7.6 Insurance. Maintain, and cause each Subsidiary to maintain, insurance with reputable
insurance companies against such risks, of such types (including general liability, larceny, embezzlement or other criminal misappropriation insurance), on such properties and in such amounts as is customarily maintained by similar businesses
similarly situated; and file and cause each Subsidiary to file with the Administrative Agent upon its request or the request of any Lender a detailed list of the insurance companies, the amounts and rates of the insurance, the dates of the
expiration thereof and the properties and risks covered thereby. 
 SECTION 7.7 Inspection. Upon reasonable
notice, permit, and cause each Subsidiary to permit, the Administrative Agent and the Lenders to have one or more of their officers and employees, or any other Person or Persons designated by the Administrative Agent or the Lenders, reasonable
access, prior to the occurrence and continuance of any Default or Event of Default, at the expense of the Administrative Agent and the Lenders and at any time a Default or Event of Default has occurred and is continuing, at the Borrower’s
expense, to any of the 

  
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properties of the Borrower and the Subsidiaries and to examine the minute books, books of account and other records of the Borrower and the Subsidiaries, and discuss their affairs, finances and
accounts with their officers and with the Borrower’s independent accountants, during normal business hours and at such other reasonable times, for the purpose of monitoring the Borrower’s and Subsidiaries’ compliance with their
obligations under the Loan Documents; provided, however, that except upon the occurrence and during the continuance of any Default or Event of Default, not more than one such set of visits and inspections may be conducted each calendar year.

 SECTION 7.8 Maintenance of Records. For the Borrower and each of its Subsidiaries (i) keep proper books of
record and account in which full, true and correct entries will be made of all dealings or transactions of or in relation to its business and affairs; (ii) set up on its books reserves with respect to all taxes, assessments, charges, reviews and
claims; and (iii) on a current basis, set up on its books, from its earnings, appropriate reserves against doubtful accounts receivable, advances and investments and all other proper reserves (including by reason of enumeration, reserves for
premiums, if any, due on required prepayments and reserves for depreciation, obsolescence, or amortization of properties), which should be set aside from such earnings in connection with its business. All determinations pursuant to this Section
7.8 shall be made in accordance with, or as required by, GAAP consistently applied in the opinion of the independent auditors regularly engaged by the Borrower. 

SECTION 7.9 Maintenance of Property. Maintain, keep and preserve and cause each Subsidiary to maintain, keep and
preserve all of its properties in good repair, working order and condition and from time to time make all necessary and proper repairs, renewals, replacements, and improvements thereto, except to the extent that any failure so to maintain, keep and
preserve such properties, individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect. 

SECTION 7.10        ERISA. Furnish to the Lenders: 

(a)        within ten days after a Responsible Officer learns that any
“reportable event” (as defined in Section 4043(c) of ERISA), other than a reportable event for which the 30-day notice requirement has been waived by the PBGC, has occurred with respect to a Pension Plan as a result of which the Borrower
or any subsidiary is expected to incur a material liability, a statement setting forth details as to such reportable event and the action proposed to be taken with respect thereto; 

(b)         within ten days after receipt thereof, a copy of any notice that any
member of the ERISA Group may receive from the PBGC relating to the intention of the PBGC to terminate any Pension Plan or to appoint a trustee to administer any Plan; 

(c)        within ten days after filing with any affected party (as such term is
defined in Section 4001 of ERISA) of a notice of intent to terminate a Pension Plan, a copy of such notice and a statement setting forth the details of such termination, including the amount of liability, if any, of any member of the ERISA Group
under Title IV of ERISA; 

  
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 (d)        within ten days after the
adoption of an amendment to a Pension Plan if, after giving effect to such amendment, the Pension Plan is a plan described in Section 4021(b) of ERISA, a statement setting forth the details thereof; 

(e)        within 30 days after withdrawal from a Pension Plan during a plan year for
which any member of the ERISA Group could be subject to liability under Section 4063 or 4064 of ERISA, a statement setting forth the details thereof, including the amount of such liability; 

(f)        within 30 days after cessation of operations by any member of the ERISA
Group at a facility under the circumstances described in Section 4062(e) of ERISA, a statement setting forth the details thereof, including the amount of liability of the Borrower or another member of the ERISA Group under Title IV of ERISA; 

(g)        within ten days after adoption of an amendment to a Pension Plan which
would require security to be given to the Pension Plan pursuant to Section 436(f)(1) of the Code, a statement setting forth the details thereof, including the amount of such security; 

(h)        within ten days after failure by any member of the ERISA Group to make
payment to a Pension Plan which would give rise to a lien in favor of the Plan under Section 303(k) of ERISA or Section 430(k) of the Code, a statement setting forth the details thereof, including the amount of such lien; 

(i)        within ten days after the due date for paying any minimum contribution to
any Pension Plan, pursuant to Section 430(j) of the Code, or the receipt of a notice of failure to make a required installment or other payment with respect to a Pension Plan, a statement setting forth details as to such failure and the action
proposed to be taken with respect thereto; and 
 (j)        within 30 days after
receipt by any member of the ERISA Group from the sponsor of a Multiemployer Plan of any notice concerning the imposition of withdrawal liability or the endangered status, critical status, termination or reorganization of a Multiemployer Plan, as a
result of which the Borrower or any Subsidiary is expected to incur a material liability, a copy of such notice. 
 SECTION
7.11        Notice of Defaults and Adverse Developments. Promptly notify the Administrative Agent upon the discovery by any Responsible Officer of the occurrence of (i) any event, development or
circumstance whereby the financial statements most recently furnished to the Administrative Agent or any of the Lenders fail in any material respect to present fairly, in accordance with GAAP, the financial condition and operating results of the
Borrower and the Subsidiaries as of the date of such financial statements; (ii) any litigation or proceedings that are instituted or threatened (to the knowledge of the Borrower) against the Borrower or any Subsidiary or any of their respective
assets that could reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect; (iii) any event, development or circumstance which, individually or in the aggregate, could reasonably be expected to result in an event
of default (or, with the giving of notice or lapse of time or both, an event of default) under any Indebtedness and the amount thereof, provided that such notice need only be given for an item of Indebtedness greater than $100,000 and must be given
within 30 calendar days of such event, development or circumstance; and (iv) any other development in the business or 

  
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affairs of the Borrower or any Subsidiary if the effect thereof would reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect; in each case describing the
nature thereof and the action the Borrower proposes to take with respect thereto. Upon receipt, the Administrative Agent shall promptly advise each Lender of the contents of any such notice. 

SECTION 7.12        Use of Proceeds.

(a)        Use each Loan, and the credit provided by Letters of Credit, only (A) for
working capital requirements and (B) for general corporate purposes, including Capital Expenditures and permitted Investments. Following application of the proceeds of each Loan, not more than 25% of the value of the assets (either of the Borrower
only or of the Borrower and its Subsidiaries on a Consolidated basis) subject to the provisions of Section 8.2 hereof will be margin stock (within the meaning of the Margin Regulations).

(b)        The Borrower will not request any Extension of Credit, and the Borrower
shall not use, and shall ensure that its Subsidiaries and its or their respective directors, officers, employees and agents shall not use, the proceeds of any Extension of Credit, directly or indirectly, or lend, contribute or otherwise make
available such proceeds to any joint venture partner or other Person, (A) in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person in violation of any
Anti-Corruption Laws, (B) for the purpose of funding, financing or facilitating any activities, business or transaction of or with any Sanctioned Person, or in any Sanctioned Country, or (C) in any manner that would result in the violation of any
Sanctions applicable to any party hereto. 
 SECTION 7.13        Environmental
Matters. (i) Comply, and cause each Subsidiary to comply, in all material respects with all applicable Environmental Laws and Environmental Permits, (ii) notify the Administrative Agent promptly after becoming aware of any material
Environmental Claim, or any fact or circumstance that would reasonably be expected to result in a material Environmental Claim, with respect to the Borrower’s or any Subsidiaries’ properties or facilities, that is not disclosed in
Schedule 6.15, and (iii) diligently investigate and remediate any Release of Hazardous Substances on any real property leased, owned or operated by the Borrower or any Subsidiary, in each case to the extent required by the Borrower or any
Subsidiary for compliance with Environmental Laws. 
 SECTION 7.14    Additional
Subsidiaries.
 (a)        Notify the Administrative Agent within three (3)
Business Days after the creation or acquisition of any Domestic Subsidiary and promptly thereafter (and in any event within thirty (30) days after such creation or acquisition), cause such Person to (i) become a Subsidiary Guarantor by delivering to
the Administrative Agent a duly executed supplement to the Subsidiary Guaranty Agreement or such other document as the Administrative Agent shall deem appropriate for such purpose, (ii) deliver to the Administrative Agent such documents and
certificates referred to in Section 5.1 as may be reasonably requested by the Administrative Agent, (iii) deliver to the Administrative Agent such updates to the Schedules to the Loan Documents as requested by the Administrative Agent with
respect to such Person, and (iv) deliver to the Administrative Agent such other documents and instruments as may be reasonably requested by the Administrative Agent, all in form, content and scope reasonably satisfactory to

  
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the Administrative Agent. Notwithstanding the foregoing, any Domestic Subsidiary with less than $5,000,000 in assets at the time of its creation or acquisition shall not be required to
comply with this paragraph (a); provided, that if any time thereafter such Domestic Subsidiary shall acquire assets in excess of $5,000,000, the Borrower shall promptly notify the Administrative Agent thereof and shall cause such Domestic
Subsidiary to promptly thereafter comply with the requirements of this paragraph (a). 

(b)        Notify the Administrative Agent within three (3) Business Days after any
Person becomes a first tier Foreign Subsidiary of the Borrower, and promptly thereafter (and in any event within forty-five (45) days after notification), cause (i) the Borrower or the applicable Subsidiary to deliver Security Documents to the
Administrative Agent pledging sixty-five percent (65%) of the total outstanding Capital Stock (to the extent, and for so long as, the pledge of any greater percentage would have material adverse federal income tax consequences for the Borrower) and
a consent thereto executed by such new Foreign Subsidiary (including, without limitation, if applicable, original stock certificates (or the equivalent thereof pursuant to the Applicable Laws and practices of any relevant foreign jurisdiction)
evidencing the Capital Stock of such new first tier Foreign Subsidiary, together with an appropriate undated stock power for each certificate duly executed in blank by the registered owner thereof), (ii) such Person to deliver to the Administrative
Agent such documents and certificates referred to in Section 5.1 as may be reasonably requested by the Administrative Agent, (iii) such Person to deliver to the Administrative Agent such updates to the Schedules to the Loan Documents as requested by
the Administrative Agent with regard to such Person and (iv) such Person to deliver to the Administrative Agent such other documents as may be reasonably requested by the Administrative Agent, all in form, content and scope reasonably satisfactory
to the Administrative Agent. Notwithstanding the foregoing, any first tier Foreign Subsidiary with less than $10,000,000 in assets at the time of its creation or acquisition shall not be required to comply with this paragraph (b);
provided, that if any time thereafter such first tier Foreign Subsidiary shall acquire assets in excess of $10,000,000, the Borrower shall promptly notify the Administrative Agent thereof and cause such first tier Foreign Subsidiary to
promptly thereafter comply with the requirements of this paragraph (b). 
 SECTION 7.15    Compliance
with Anti-Corruption Laws and Sanctions. The Borrower will maintain in effect and enforce policies and procedures designed to ensure compliance by the Borrower, its Subsidiaries and their respective directors, officers, employees and agents
with Anti-Corruption Laws and applicable Sanctions. 
 SECTION 7.16    Further
Assurances. From time to time execute and deliver, or cause to be executed and delivered, such additional instruments, certificates or documents, and take such actions, as the Administrative Agent may reasonably request for the purposes of
implementing or effectuating the provisions of this Agreement and the other Loan Documents. Upon the exercise by the Administrative Agent or any Lender of any power, right, privilege or remedy pursuant to this Agreement or the other Loan Documents
which requires any consent, approval, recording, qualification or authorization of any Governmental Authority, the Borrower and its Subsidiaries will execute and deliver, or will cause the execution and delivery of, all applications, certifications,
instruments and other documents and papers that the Administrative Agent or such Lender may be required to obtain for such governmental consent, approval, recording, qualification or authorization. 

  
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 ARTICLE VIII 

NEGATIVE COVENANTS 

Borrower hereby covenants and agrees that on and after the Restatement Closing Date and until the Revolving Credit Commitment
and all Letters of Credit have terminated and all other Obligations (other than contingent indemnification obligations not then due) have been paid and satisfied in full in cash, it will not: 

SECTION 8.1    Mergers, Consolidations and Sales of Assets. Be a party to any merger,
consolidation or share exchange, or sell, transfer, lease or otherwise dispose of all or any substantial part of its assets or Property, including any disposition of assets or Property as part of a sale and leaseback transaction, or in any event
sell or discount (with or without recourse) any of its notes or accounts receivable, or permit any Subsidiary so to do; provided, however, that, subject to compliance with the other negative covenants in this Article VIII, this
Section 8.1 shall not apply to, nor operate to prevent, (i) the Borrower being a party to any merger where the Borrower is the surviving Person if, after giving effect to such merger, no Default or Event of Default would then exist, (ii) any
Subsidiary (A) merging into the Borrower, (B) being a party to any merger which does not involve the Borrower where such Subsidiary is the surviving Person or (C) being party to any merger in connection with any disposition otherwise permitted
pursuant to this Section 8.1, if, after giving effect to such merger, no Default or Event of Default would then exist, (iii) the Borrower or any Subsidiary from selling its inventory in the ordinary course of its business, (iv) any
dissolution of an inactive Subsidiary that would not have a Material Adverse Effect, if, after giving effect to such dissolution, no Default or Event of Default would then exist, and (v) any Like-Kind Exchange. For the purpose of this
Section 8.1, a “substantial” amount or part of the assets of the Borrower shall mean a limitation of not greater than 10% (excluding Like-Kind Exchanges) of the total Consolidated assets of the Borrower per Fiscal Year over all
transactions during that year (computed based upon the total Consolidated assets of the Borrower set forth on the Consolidated balance sheet of Borrower prepared as of the last day of the previous Fiscal Year). The consideration paid for any assets
or Property in any sale, transfer, lease or other disposition of assets or Property permitted by this Section 8.1: (y) must be equal to the Fair Market Value for such assets or Property and (z) must be at least 75% in the form of cash or Cash
Equivalents and Short Term Investments.
 SECTION 8.2    Liens. Create, incur, assume or
suffer to exist any Lien, or permit any Subsidiary so to do, upon or in any of its Property or assets, whether now owned or hereafter acquired, except the following Liens (collectively, “Permitted Liens”): 

(a)        Liens arising by operation of law in connection with worker’s
compensation, unemployment insurance, social security obligations, taxes, assessments, statutory obligations or other similar charges, good faith deposits, pledges or Liens in connection with bids, tenders, contracts or leases to which the Borrower
or any Subsidiary is a party (other than contracts for borrowed money), or other deposits required to be made or surety bonds or other obligations of like nature (which for the purposes of this Agreement shall include letters of credit in the nature
of a surety bond) required to be obtained in the ordinary course of business in 

  
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connection with any of the foregoing; provided that in each case the obligation secured is not overdue or, if overdue, is being contested in good faith by appropriate proceedings and for which
reserves in conformity with GAAP have been provided on the books of the Borrower; 

(b)        Mechanics’, workmen’s, materialmen’s, landlords’,
carriers’ or other similar Liens arising in the ordinary course of business (or deposits to obtain the release of such Liens) securing obligations not due or, if due, being contested in good faith by appropriate proceedings and for which
reserves in conformity with GAAP have been provided on the books of the Borrower; 

(c)         Liens for taxes or assessments or other government charges or levies on
the Borrower or any Subsidiary of the Borrower or their respective Properties, not yet due or delinquent, or which can thereafter be paid without penalty, or which are being contested in good faith by appropriate proceedings and for which reserves
in conformity with GAAP have been provided on the books of the Borrower; 

(d)        Liens arising out of judgments or awards against the Borrower or any
Subsidiary of the Borrower, or in connection with surety or appeal bonds in connection with bonding such judgments or awards, the time for appeal from which or petition for rehearing of which shall not have expired or with respect to which the
Borrower or such Subsidiary shall be prosecuting an appeal or proceeding for review, and with respect to which it shall have obtained a stay of execution pending such appeal or proceeding for review; provided that the aggregate amount of liabilities
(including interest and penalties, if any) of the Borrower and its Subsidiaries secured by such Liens shall not exceed $7,500,000 at any time outstanding; 

(e)        Liens upon any Property acquired by the Borrower or any Subsidiary of the
Borrower to secure any Indebtedness of the Borrower or any Subsidiary incurred at the time of the acquisition of such Property to finance the purchase price of such Property (excluding Liens otherwise permitted pursuant to Sections 8.2(g), 8.2(h)
or 8.2(i) below), provided that any such Lien shall apply only to the Property that was so acquired and the aggregate principal amount of Indebtedness secured by such Liens shall not exceed $50,000,000 at any time outstanding; 

(f)        Survey exceptions or encumbrances, easements or reservations, or rights of
others for rights-of-way, utilities and other similar purposes, or zoning or other restrictions as to the use of real properties which are necessary for the conduct of the activities of the Borrower and any Subsidiary of the Borrower or which
customarily exist on properties of corporations engaged in similar activities and similarly situated and which do not in any event materially impair their use in the operation of the business of the Borrower or any Subsidiary of the Borrower; 

(g)        Liens (including any mortgages or other Liens on Real Property) listed in
Schedule 8.2 hereto; 
 (h)        Liens securing Indebtedness of a
Subsidiary of the Borrower incurred in connection with the acquisition or construction of Property of such Subsidiary; provided that such Lien is limited to the Property being financed by such Indebtedness and any revenues of

  
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such Subsidiary directly attributable to such Property; and provided, further, that the Indebtedness secured by such Lien is non-recourse to the Borrower and its Subsidiaries; 

(i)        Liens upon personal property resulting from the sale by the Borrower or any
Subsidiary of Property and the leasing of the same or similar property from the purchaser thereof (or a subsequent purchaser or lessee), provided that any sale/leaseback transaction complies with the other negative covenants contained in Article
VIII; 
 (j)        Liens existing upon any Property or assets acquired by the
Borrower or a Subsidiary of the Borrower, or upon Property or assets of a Person acquired by the Borrower or a Subsidiary, that as a result of such acquisition becomes a Subsidiary, provided that such Liens (A) are only on the assets or Property so
acquired by the Borrower or a Subsidiary or of such acquired Person and (B) the aggregate principal amount of Indebtedness secured by such Liens shall not exceed $75,000,000 in the aggregate at any one time outstanding; 

(k)        Liens securing Indebtedness existing or incurred in connection with
industrial revenue bonds or industrial development bonds, as permitted by Section 8.3, provided such Liens are limited to Liens on the capital assets that have been acquired or construction of which has been financed by the proceeds of such
industrial revenue bonds or industrial development bonds; 
 (l)        Any
extension, renewal or replacement (or successive extensions, renewals or replacements) in whole or in part of any Lien referred to in the foregoing paragraphs (e), (g), (h), (i) and (j), inclusive, provided, however, that the principal amount
of Indebtedness secured thereby shall not exceed the principal amount of the Indebtedness so secured at the time of any extension, renewal or refinancing, and that such extension, renewal or refinancing shall be limited to the Property which was
subject to the Lien so extended, renewed or refinanced; 
 (m)        Liens, if any,
securing obligations under the Loan Documents; 
 (n)        Liens on cash of the
Borrower securing reimbursement obligations in respect of letters of credit described on Schedule 8.3 or issued pursuant to Section 8.3(g); 

(o)        Liens securing Indebtedness permitted pursuant to Sections 8.3(h)
and (i) on the assets of the borrower of such Indebtedness; and 

(p)        Other Liens, provided that the aggregate principal amount of Indebtedness
secured by such other Liens does not exceed $35,000,000. 
 Notwithstanding the foregoing, the Borrower shall not create, incur, assume or
suffer to exist any Lien, or permit any Subsidiary to do so, upon or in any interest in any Real Property held by it, whether now owned or hereafter acquired, except for Liens permitted pursuant to paragraphs (b), (c), (d), (e), (f), (g), (h), (j)
and (l) (except for any Liens granted in the first instance pursuant to clause (i)) above. 
 SECTION 8.3
Indebtedness. Create, incur, assume, suffer to exist, Guaranty or become or remain contingently liable for any Indebtedness, or permit any Subsidiary so to do, except: 

  
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 (a)        Indebtedness to the
Administrative Agent and one or more Lenders under the Loan Documents; 

(b)        Indebtedness of the Borrower which, when in place, will not cause the
Borrower to be in violation of the covenants contained in Section 8.11; 

(c)        Indebtedness of Subsidiaries secured by Liens permitted pursuant to
Sections 8.2(e), 8.2(g), 8.2(h), 8.2(i) (but only to the extent such sale and leaseback transactions are Capital Lease Obligations), 8.2(j) or 8.2(k) (and Section 8.2(l) to the extent applicable to the Liens securing
Indebtedness permitted by this Section 8.3(c)) which, when in place, will not cause the Borrower to be in violation of such Sections or of the covenants contained in Section 8.11; 

(d)        (A) Indebtedness of Subsidiaries of the Borrower in an aggregate
outstanding amount for all Subsidiaries at any time not to exceed $20,000,000, (B) Indebtedness of Subsidiaries of the Borrower to the Borrower, (C) Indebtedness of Subsidiaries of the Borrower consisting of any surety bond or other obligations of
like nature, provided that such Indebtedness shall be permitted pursuant to this Section 8.3(d) only (x) with respect to the portion of such surety bond or other obligation as to which no demand or unreimbursed drawing has been made, (y) if
such surety bond or other obligation has been provided in the ordinary course of such Subsidiaries’ business and (z) if such Indebtedness, when in place, will not cause the Borrower to be in violation of the Financial Covenants, and (D)
Indebtedness of Subsidiaries of the Borrower consisting of industrial revenue bonds or obligations of like nature, if such Indebtedness, when in place, will not cause the Borrower to be in violation of the Financial Covenants; 

(e)        Indebtedness described in clause (i) of the second proviso in Section
8.4(j) hereof; 
 (f)        Existing Indebtedness listed in Schedule 8.3
hereto; 
 (g)        Indebtedness of the Borrower in respect of letters of credit
issued by one or more Lenders (other than Letters of Credit) with an aggregate amount available to be drawn thereunder not in excess of $20,000,000; 

(h)        Indebtedness of a Canadian Subsidiary in connection with a local line of
credit in an amount not to exceed $25,000,000 in the aggregate outstanding at any time; and 

(i)        Indebtedness incurred by Viracon, Inc. pursuant to (i) that certain
Construction and Term Loan Agreement dated as of November 27, 2013 by and among Viracon, Inc., MMCDC New Markets Fund XXXIX, LLC, CNMC Sub-CE 27, LLC and Waveland Sub CDE XVII, LLC and the other documents and instruments to be entered into in
connection therewith in an aggregate principal amount not to exceed the initial principal amount of the “Loans” (as defined in such Construction and Term Loan Agreement) made thereunder, and (ii) that certain Loan Agreement dated as
of June 23, 2016 between Viracon, Inc. and Wells Fargo Community Development Enterprise Round 12 Subsidiary 9, LLC, CCM Community Development LXIII, LLC and CCM Community Development LIX, LLC and the other documents and instruments to be entered
into in connection therewith in an aggregate principal 

  
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amount not to exceed the initial principal amount of the “Loans” (as defined in such Loan Agreement) made thereunder. 

SECTION 8.4 Investments, Acquisitions, Loans, Advances and Guaranties. Directly or indirectly, make, retain or
have outstanding any investments (whether through purchase of stock or obligations or otherwise) in, or loans or advances to, any other Person, or acquire all or any substantial part of the assets or business or any other Person or division thereof,
or Guaranty or become liable as endorser, guarantor, surety or otherwise (such as liability as a general partner) for any debt, obligation or undertaking of any other Person, or otherwise agree to provide funds for payment of the obligations of
another, or supply funds thereto or invest therein or otherwise assure a creditor of another against loss, or apply for or become liable to the issuer of a letter of credit which supports an obligation of another, or subordinate any claim or demand
it may have to the claim or demand of any other Person (cumulatively, all of the foregoing, being “Investments”), or permit any Subsidiary to do any of the foregoing; provided, however, that the foregoing provisions shall not apply
to, nor operate to prevent: 
 (a)        Investments in direct obligations of the
United States of America or of any agency or instrumentality thereof whose obligations constitute full faith and credit obligations of the United States of America, provided that any such obligation matures within one year from the date it is
acquired by the Borrower or such Subsidiary; 
 (b)        Investments in commercial
paper rated P-2 by Moody’s Investors Services, Inc. or A-2 by Standard & Poor’s Corporation maturing within one year of its date of issuance; 

(c)         Investments in certificates of deposit issued by any Lender or any United
States commercial bank having capital and surplus of not less than $500,000,000 maturing within one year from the date of issuance thereof or in banker’s acceptances endorsed by any Lender or other such commercial bank and maturing within six
months of the date of acceptance; 
 (d)        Investments in repurchase
obligations with a term of not more than seven (7) days for underlying securities of the types described in subsection (a) above entered into with any bank meeting the qualifications specified in subsection (c) above, provided all such agreements
require physical delivery of the securities securing such repurchase agreement, except those delivered through the Federal Reserve Book Entry System; 

(e)         Investments in money market funds that invest solely, and which are
restricted by their respective charters to invest solely, in Investments of the type described in the immediately preceding subsections (a), (b), (c) and (d) above; 

(f)         ownership of stock, obligations or securities received in settlement of
debts (created in the ordinary course of business) owing to the Borrower or any Subsidiary; 

(g)         endorsements of negotiable instruments for collection in the ordinary
course of business; 
 (h)        loans and advances to employees in the ordinary
course of business for travel, relocation, and similar purposes; 

  
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 (i)        acquisitions
by the Borrower or any Subsidiary of all or any substantial part of the assets or business of any other Person or any division thereof (by merger, purchase or otherwise), or of a majority of the voting stock of such a Person; provided that (A) such
Person or division thereof is engaged (or promptly after such acquisition will be engaged) in a line of business directly related to that of the Borrower; (B) such Person becomes a Subsidiary of the Borrower as a result of such acquisition or the
assets are purchased by the Borrower or a Subsidiary, and the Borrower and such Subsidiary, to the extent applicable, shall comply with Section 7.14, (C) (i) no Default or Event of Default exists or would exist after giving effect to such
acquisition and (ii) if the total consideration for the assets or business is $30,000,000 or more, the Borrower has furnished to the Lenders a certificate of Responsible Officer certifying (x) that no such Default or Event of Default exists or will
exist, (y) calculations in reasonable detail demonstrating such compliance and (z) financial statements demonstrating such compliance, and (D) the Board of Directors or other governing body of such Person whose Property, or voting stock or other
interests in which, are being so acquired has approved the terms of such acquisition; 

(j)        joint venture related Investments in Persons that are not
Subsidiaries and that will not upon the making of such Investment become Subsidiaries, in an amount not to exceed $75,000,000 in the aggregate for all such Investments made after the Restatement Closing Date; provided, that (i) no Default or
Event of Default exists or would exist after giving effect to any such Investment and (ii) such Person is engaged in a line of business directly related to that of the Borrower; 

(k)        Investments consisting of performance bonds and letters of
credit and other similar surety devices obtained to support, or in lieu of, performance bonds, in each case entered into in the ordinary course of business; 

(l)        Investments in Subsidiaries; provided, that (i) if such
Subsidiary is a Domestic Subsidiary, such Subsidiary has executed a Subsidiary Guaranty Agreement and a Security Agreement and (ii) if such Subsidiary is a Foreign Subsidiary, the equity of such Subsidiary has been pledged to the Administrative
Agent, in each case to the extent required by Section 7.14; 

(m)        Investments constituting Indebtedness incurred pursuant to
Section 8.3; and 
 (n)        other Investments in stock or
other securities, provided that the aggregate amount of all such Investments made after the Restatement Closing Date does not exceed $20,000,000. 

In determining the amount of investments, acquisitions, loans, advances and guarantees permitted under this Section
8.4, investments and acquisitions shall always be valued at the original cost thereof (regardless of any subsequent appreciation or depreciation therein), loans and advances shall be valued at the principal amount thereof then remaining unpaid,
and guarantees shall be valued at the amount of obligations guaranteed thereby. 
 SECTION 8.5 Dividends and Purchase of
Stock. Declare any dividends (other than dividends payable in capital stock of the Borrower) on any shares of any class of its capital 

  
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stock, or apply any of its Property or assets to the purchase, redemption or other retirement of, or set apart any sum for the payment of any dividends on, or for the purchase, redemption or
other retirement of, or make any other distribution by reduction of capital or otherwise in respect of, any shares of any class of capital stock of the Borrower or permit any Subsidiary which is not a Wholly Owned Subsidiary so to do, or permit
any Subsidiary to purchase or acquire any shares of any class of capital stock of the Borrower, unless, after giving effect to such action, there shall not have occurred any Default or Event of Default that is continuing. 

SECTION 8.6     Use of Proceeds. Use the proceeds of Loans or Letters of Credit other than (i)
for working capital requirements and (ii) for general corporate purposes, including Capital Expenditures and permitted Investments. 

SECTION 8.7    Business Changes. Change the business or business purpose of the Borrower or of
any Subsidiary, including making an acquisition or Investment that would have such effect, that could reasonably be expected to (i) result in a material change to the business activities or industry sector of the Borrower and its Subsidiaries or
(ii) individually or in the aggregate, have a Material Adverse Effect. 
 SECTION 8.8    Transactions
with Affiliates. Directly or indirectly enter into, or permit any Subsidiary to enter into, any transaction, including, without limitation, any purchase, sale, lease or exchange of Property, the rendering of any service or the payment of
any management, advisory or similar fees, with (a) any officer, director or other Affiliate of the Borrower or any of its Subsidiaries, or (b) any Affiliate of any such officer, director or other Affiliate, other than: 

(i)    transactions permitted by Sections 8.1, 8.3, 8.4 and 8.5; 

(ii)    transactions between two or more Credit Parties; 

(iii)    transactions existing on the Restatement Closing Date and described in
Schedule 8.8 hereto; 
 (iv)    other transactions in the ordinary course of
business on terms as favorable as would be obtained by it on a comparable arm’s-length transaction with an independent, unrelated third party, as determined in good faith by the Borrower (for transactions
in excess of $5,000,000, by the board of directors (or equivalent governing body) of the Borrower); 

(v)    employment and severance arrangements (including stock option plans and employee
benefit plans and arrangements) with their respective officers and employees in the ordinary course of business; 

(vi)    payment of customary compensation and reasonable out of pocket costs to, and
indemnities for the benefit of, directors, officers and employees of the Borrower and its Subsidiaries in the ordinary course of business to the extent attributable to the ownership or operation of the Borrower and its Subsidiaries; and 

  
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 (vii)    subject to Section 8.4,
transactions between the Borrower and its Wholly-Owned Subsidiaries and transactions between any two Wholly Owned Subsidiaries. 

SECTION 8.9    Certain Accounting Changes; Organizational Documents.    Change
or permit any Subsidiary to change its Fiscal Year end, or make (without the consent of the Administrative Agent) any material change in its accounting treatment and reporting practices except as required by GAAP. 

SECTION 8.10    No Further Negative Pledges; Restrictive Agreements.

(a)        Enter into, assume or be subject to or permit any Subsidiary to enter into,
assume or be subject to any agreement prohibiting or otherwise restricting the creation or assumption of any Lien upon its properties or assets, whether now owned or hereafter acquired, or requiring the grant of any security for such obligation if
security is given for some other obligation, except (i) pursuant to this Agreement and the other Loan Documents, (ii) pursuant to any document or instrument governing Indebtedness incurred pursuant to Section 8.3(c) (provided, that
any such restriction contained therein relates only to the asset or assets acquired in connection therewith), (iii) restrictions contained in the organizational documents of any Credit Party as of the Restatement Closing Date and
(iv) restrictions in connection with any Permitted Lien or any document or instrument governing any Permitted Lien (provided, that any such restriction contained therein relates only to the asset or assets subject to such Permitted
Lien). 
 (b)        Create or otherwise cause or suffer to exist or become
effective or permit any Subsidiary to cause or suffer to exist or become effective any consensual encumbrance or restriction on the ability of any the Borrower or any Subsidiary thereof to (i) pay dividends or make any other distributions to
the Borrower or any Subsidiary on its Capital Stock or with respect to any other interest or participation in, or measured by, its profits, (ii) pay any Indebtedness or other obligation owed to the Borrower or any Subsidiary Guarantor,
(iii) make loans or advances to the Borrower or any Subsidiary Guarantor, (iv) sell, lease or transfer any of its properties or assets to the Borrower or any Subsidiary Guarantor or (v) act as a Guarantor pursuant to the Loan
Documents or any renewals, refinancings, exchanges, refundings or extensions thereof, except (in respect of any of the matters referred to in clauses (i) through (v) above) for such encumbrances or restrictions existing under or by reason of
(A) this Agreement and the other Loan Documents, (B) Applicable Law, (C) any document or instrument governing Indebtedness incurred pursuant to Section 8.3(c) (provided, that any such restriction contained therein
relates only to the asset or assets acquired in connection therewith), (D) any Permitted Lien or any document or instrument governing any Permitted Lien (provided, that any such restriction contained therein relates only to the asset or
assets subject to such Permitted Lien), (E) obligations that are binding on a Subsidiary at the time such Subsidiary first becomes a Subsidiary of the Borrower, so long as such obligations are not entered into in contemplation of such Person
becoming a Subsidiary, (F) customary restrictions contained in an agreement related to the sale of Property (to the extent such sale is permitted pursuant to Section 8.1) that limit the transfer of such Property pending the consummation
of such sale, (G) customary restrictions in leases, subleases, licenses and sublicenses or asset sale agreements otherwise permitted by this Agreement so long as such restrictions relate only to the assets subject thereto, (H) customary
provisions restricting assignment of any agreement entered into in the ordinary course of business, (I) customary provisions in joint venture agreements and other similar agreements 

  
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applicable to joint ventures entered into in the ordinary course of business; (J) customary net worth provisions contained in real estate leases entered into by Subsidiaries, so long as the
Borrower has determined in good faith that such net worth provisions would not reasonably be expected to impair the ability of the Borrower and its Subsidiaries to meet their ongoing obligations; (K) restrictions in agreements in respect of
Indebtedness permitted under Section 8.03 and incurred by a Subsidiary that is not a Credit Party, so long as such restrictions do not limit the activities of any Credit Parties; (L) restrictions on cash or other deposits imposed by
customers of the Borrower and its Subsidiaries under contracts entered into in the ordinary course of business; or (M) restrictions contained in any receivables financing documentation with respect to any Subsidiary which engages in no
activities other than in connection with the financing of accounts receivable of the Borrower and/or its other Subsidiaries. For purposes of determining compliance with Section 8.10(b), the priority of any preferred stock in receiving
dividends or liquidating distributions prior to dividends or liquidating distributions being paid on common Equity Interests shall not be deemed a restriction on the ability to make distributions on an Equity Interest. 

SECTION 8.11 Financial Covenants.

(a)        Maximum Leverage Ratio. Permit its Leverage Ratio to exceed
3.25 to 1.00 as of the last day of any fiscal quarter, for the period of four fiscal quarters ending on such date. 

(b)        Minimum Interest Coverage Ratio. Permit its Interest Coverage Ratio
to be less than or equal to 3.00 to 1.00 as of the last day of any fiscal quarter, for the period of four fiscal quarters ending on such date. 

ARTICLE IX 
 DEFAULT AND
REMEDIES 
 SECTION 9.1 Events of Default. Each of the following specified events shall constitute an
“Event of Default”: 
 (a)        Payments. (i) The
Borrower shall fail duly to pay any principal of any Loan or any L/C Obligations when due, whether at maturity, by notice of intention to prepay or otherwise, or (ii) the Borrower shall fail duly to pay any interest, fee or any other amount payable
under the Loan Documents when due and the continuance thereof for three days. 

(b)        Covenants. (i) The Borrower shall fail duly to observe or perform
any term, covenant, or agreement contained in Article VIII, or (ii) the Borrower shall fail duly to observe or perform any other term, covenant or agreement contained in this Agreement, and such failure shall have continued unremedied for a
period of 30 days after any Responsible Officer becomes aware of such failure. 

(c)        Representations, etc. Any representation or warranty made or deemed
made by the Borrower or any Subsidiary in a Loan Document, or any statement or representation made in any certificate, report or opinion delivered by or on behalf of the Borrower or any Subsidiary in

  
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connection with a Loan Document, shall prove to have been false or misleading in any material respect when so made or deemed made. 

(d)        Default Under Other Agreements. The Borrower or any Subsidiary shall
fail to pay any Indebtedness (other than obligations hereunder) in an amount of $7,500,000 or more when due or default shall occur under one or more indentures, agreements or other instruments under which any Indebtedness of the Borrower or any
Subsidiary in an aggregate principal amount of $7,500,000 or more may be issued or created and such default shall continue for a period of time sufficient to permit the holder or beneficiary of such Indebtedness or a trustee therefor to cause the
acceleration of the maturity of any such Indebtedness or any mandatory unscheduled prepayment, purchase or funding thereof. 

(e)        Bankruptcy, etc. (i) An involuntary case or other proceeding
shall be commenced against the Borrower or any Subsidiary seeking liquidation, reorganization or other relief with respect to it or its debts under any applicable bankruptcy, insolvency, reorganization or similar law or seeking the appointment of a
custodian, receiver, liquidator, assignee, trustee, sequestrator or similar official of it or any substantial part of its property, and such involuntary case or other proceeding shall remain undismissed and unstayed for a period of more than 60
days; or an order or decree approving or ordering any of the foregoing shall be entered and continued unstayed and in effect, or (ii) the Borrower or any Subsidiary shall commence a voluntary case or proceeding under any applicable bankruptcy,
insolvency, reorganization or similar law or any other case or proceeding to be adjudicated a bankrupt or insolvent, or any of them shall consent to the entry of a decree or order for relief in respect of the Borrower or any such Subsidiary in an
involuntary case or proceeding under any applicable bankruptcy, insolvency, reorganization or other similar law or to the commencement of any bankruptcy or insolvency case or proceeding against any of them, or any of them shall file a petition or
answer or consent seeking reorganization or relief under any applicable law, or any of them shall consent to the filing of such petition or to the appointment of or taking possession by a custodian, receiver, liquidator, assignee, trustee,
sequestrator or similar official of the Borrower or any such Subsidiary or any substantial part of their respective property, or any of them shall make an assignment for the benefit of creditors, or any of them shall admit in writing its inability
to pay its debts generally as they become due, or the Borrower or any such Subsidiary shall take corporate action in furtherance of any such action. 

(f)        Judgments. One or more final judgments or orders for the payment of
money against the Borrower or any Subsidiary or attachments against its property, (i) which in the aggregate exceed $7,500,000 (excluding amounts covered by reputable, independent third-party insurance as to which the insurer does not dispute
coverage but agrees to make payment) or (ii) the operation or result of which, individually or in the aggregate, could be to interfere materially and adversely with the conduct of the business of the Borrower and its Subsidiaries, taken as a whole,
remain unpaid, unstayed on appeal, undischarged, unbonded, or undismissed for a period of more than 30 days. 

(g)        ERISA. The Borrower or any other member of the ERISA Group
shall fail to pay when due an amount or amounts which it shall have become liable to pay to the PBGC or to a Plan or a Multiemployer Plan in excess of $1,000,000; or notice of intent to terminate a Plan or Plans having aggregate Unfunded Vested
Liabilities in excess of $1,000,000 (collectively, a 

  
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“Material Plan”) shall be filed by the Borrower or any Subsidiary or any other member of the ERISA Group, any plan administrator or any combination of the foregoing; or the PBGC
shall institute proceedings under Title IV of ERISA to terminate or to cause a trustee to be appointed to administer any Material Plan or a proceeding shall be instituted by a fiduciary of any Material Plan against the Borrower or any other member
of the ERISA Group to enforce Section 515 or 4219(c)(5) of ERISA and such proceeding shall not have been dismissed within thirty (30) days thereafter; or a condition shall exist by reason of which the PBGC would be entitled to obtain a decree
adjudicating that any Material Plan must be terminated. 
 (h)        Validity of
Loan Documents. (i) The Borrower or any Subsidiary, or any Person acting on behalf of the Borrower or a Subsidiary, or any Governmental Authority challenges the validity of any Loan Document or the Borrower’s or a Subsidiary’s
obligations thereunder or any Loan Document ceases to be in full force and effect or is modified other than in accordance with the terms thereof and hereof, or (ii) any court or governmental or regulatory authority shall have enacted, issued,
promulgated, enforced or entered any statute, rule, regulation, judgment, decree, injunction or other order (whether temporary, preliminary or permanent) which is in effect and which prohibits, enjoins or otherwise restricts, in a manner that,
individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect on any of the transactions contemplated under the Loan Documents. 

(i)        Change of Control. Any person or group of persons (within the
meaning of Section 13 or 14 of the Securities Exchange Act of 1934, as amended) shall have acquired beneficial ownership (within the meaning of Rule 13d-3 promulgated by the SEC under said Act), or shall have acquired control, directly or
indirectly, of 25% or more of the outstanding shares of common stock of the Borrower; or, during any period of 12 consecutive calendar months, individuals (i) who were directors of the Borrower on the first day of such period, or (ii) who were
nominees of such directors, or (iii) whose nomination or election to the board of directors of the Borrower was approved by a majority of the individuals referred to in clauses (i) and (ii) above, shall cease to constitute a majority of the board of
directors of the Borrower. 
 SECTION 9.2 Remedies. Upon the occurrence of an Event of Default, with the consent
of the Required Lenders, the Administrative Agent may, or upon the request of the Required Lenders, the Administrative Agent shall, by notice to the Borrower:

(a)        Acceleration; Termination of Revolving Credit Facility. 

(i)        Terminate the Revolving Credit Commitment and declare the
principal of and interest on the Loans and the Reimbursement Obligations at the time outstanding, and all other amounts owed to the Lenders and to the Administrative Agent under this Agreement or any of the other Loan Documents (including, without
limitation, all L/C Obligations, whether or not the beneficiaries of the then outstanding Letters of Credit shall have presented or shall be entitled to present the documents required thereunder) and all other Obligations (other than Interest Rate
Protection Agreements or Other Hedge Agreements), to be forthwith due and payable, whereupon the same shall immediately become due and payable without presentment, demand, protest or other notice of any kind, all of which are expressly waived by the
Borrower, anything in this Agreement or the other Loan Documents to the contrary notwithstanding, and terminate the Credit 

  
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Facility and any right of the Borrower to request borrowings or Letters of Credit thereunder; provided, that upon the occurrence of an Event of Default specified in
Section 9.1(e), the Credit Facility shall be automatically terminated and all Obligations shall automatically become due and payable without presentment, demand, protest or other notice of any kind, all of which are
expressly waived by each Credit Party, anything in this Agreement or in any other Loan Document to the contrary notwithstanding; and 

(ii)        exercise on behalf of the Secured Parties all of its other
rights and remedies under this Agreement, the other Loan Documents and Applicable Law, in order to satisfy all of the Obligations. 

(b)        Letters of Credit. With respect to all Letters of Credit with
respect to which presentment for honor shall not have occurred at the time of an acceleration pursuant to the preceding paragraph, the Borrower shall at such time provide Cash Collateral in an amount equal to the aggregate then undrawn and unexpired
amount of such Letters of Credit. Amounts held in such Cash Collateral account shall be applied by the Administrative Agent to the payment of drafts drawn under such Letters of Credit, and the unused portion thereof after all such Letters of
Credit shall have expired or been fully drawn upon, if any, shall be applied to repay the other Obligations on a pro rata basis. After all such Letters of Credit shall have expired or been fully drawn upon, the Reimbursement
Obligation shall have been satisfied and all other Obligations shall have been paid in full, the balance, if any, in such Cash Collateral account shall be returned to the Borrower. 

(c)        Rights of Collection. Exercise on behalf of the Lenders all of
its other rights and remedies under this Agreement, the other Loan Documents and Applicable Law, in order to satisfy all of the Borrower’s Obligations. 

SECTION 9.3 Rights and Remedies Cumulative; Non-Waiver; etc.

(a)        The enumeration of the rights and remedies of the Administrative Agent and
the Lenders set forth in this Agreement is not intended to be exhaustive and the exercise by the Administrative Agent and the Lenders of any right or remedy shall not preclude the exercise of any other rights or remedies, all of which shall be
cumulative, and shall be in addition to any other right or remedy given hereunder or under the other Loan Documents or that may now or hereafter exist at law or in equity or by suit or otherwise. No delay or failure to take action on the part
of the Administrative Agent or any Lender in exercising any right, power or privilege shall operate as a waiver thereof, nor shall any single or partial exercise of any such right, power or privilege preclude any other or further exercise thereof or
the exercise of any other right, power or privilege or shall be construed to be a waiver of any Event of Default. No course of dealing between the Borrower, the Administrative Agent and the Lenders or their respective agents or employees shall
be effective to change, modify or discharge any provision of this Agreement or any of the other Loan Documents or to constitute a waiver of any Event of Default. 

(b)        Notwithstanding anything to the contrary contained herein or in any other
Loan Document, the authority to enforce rights and remedies hereunder and under the other Loan Documents against the Credit Parties or any of them shall be vested exclusively in, and all 

  
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actions and proceedings at law in connection with such enforcement shall be instituted and maintained exclusively by, the Administrative Agent in accordance with
Section 9.2 for the benefit of all the Lenders and the Issuing Lenders; provided that the foregoing shall not prohibit (a) the Administrative Agent from exercising on its own behalf the rights and remedies that inure
to its benefit (solely in its capacity as Administrative Agent) hereunder and under the other Loan Documents, (b) any Issuing Lender or the Swingline Lender from exercising the rights and remedies that inure to its benefit (solely in its
capacity as an Issuing Lender or Swingline Lender, as the case may be) hereunder and under the other Loan Documents, (c) any Lender from exercising setoff rights in accordance with Section 11.4 (subject to the terms of
Section 4.6), or (d) any Lender from filing proofs of claim or appearing and filing pleadings on its own behalf during the pendency of a proceeding relative to any Credit Party under any Debtor Relief Law; and
provided, further, that if at any time there is no Person acting as Administrative Agent hereunder and under the other Loan Documents, then (i) the Required Lenders shall have the rights otherwise ascribed to the Administrative Agent
pursuant to Section 9.2 and (ii) in addition to the matters set forth in clauses (b), (c) and (d) of the preceding proviso and subject to Section 4.6, any Lender may, with the consent of the
Required Lenders, enforce any rights and remedies available to it and as authorized by the Required Lenders. 
 SECTION 9.4
Crediting of Payments and Proceeds. In the event that the Obligations have been accelerated pursuant to Section 9.2 or the Administrative Agent or any Lender has exercised any remedy set forth in this Agreement
or any other Loan Document, all payments received by the Lenders upon the Obligations and all net proceeds from the enforcement of the Obligations shall be applied:

First, to payment of that portion of the Secured Obligations constituting fees, indemnities, expenses and other
amounts, including attorney fees, payable to the Administrative Agent in its capacity as such, each Issuing Lender in its capacity as such and the Swingline Lender in its capacity as such (ratably among the Administrative Agent, each Issuing Lender
and Swingline Lender in proportion to the respective amounts described in this clause First payable to them); 

Second, to payment of that portion of the Secured Obligations constituting fees, indemnities and other amounts (other
than principal and interest) payable to the Lenders under the Loan Documents, including attorney fees (ratably among the Lenders in proportion to the respective amounts described in this clause Second payable to them); 

Third, to payment of that portion of the Secured Obligations constituting accrued and unpaid interest on the Loans and
Reimbursement Obligations (ratably among the Lenders in proportion to the respective amounts described in this clause Third payable to them); 

Fourth, to payment of that portion of the Secured Obligations constituting unpaid principal of the Loans, Reimbursement
Obligations and Secured Hedge Obligations (including any termination payments and any accrued and unpaid interest thereon) (ratably among the Lenders and the counterparties to the Secured Hedge Obligations in proportion to the respective amounts
described in this clause Fourth held by them); 
 Fifth, to the Administrative Agent for the account of each
Issuing Lender, to Cash Collateralize any L/C Obligations then outstanding; 

  
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 Sixth, to payment of that portion of the Secured Obligations constituting
unpaid principal Secured Cash Management Obligations (ratably among the Lenders and the counterparties to the Secured Cash Management Agreements in proportion to the respective amounts described in this clause Sixth held by them); and 

Last, the balance, if any, after all of the Secured Obligations have been indefeasibly paid in full, to the Borrower or
as otherwise required by Applicable Law. 
 Notwithstanding the foregoing, Obligations arising under Secured Cash Management
Agreements and Secured Hedge Agreements shall be excluded from the application described above if the Administrative Agent has not received written notice thereof, together with such supporting documentation as the Administrative Agent may request,
from the applicable counterparty to such Secured Cash Management Agreement or Secured Hedge Agreements. Each such counterparty not a party to this Agreement that has given the notice contemplated by the preceding sentence shall, by such notice,
be deemed to have acknowledged and accepted the appointment of the Administrative Agent pursuant to the terms of Article X hereof for itself and its Affiliates as if a “Lender” party hereto. 

SECTION 9.5 Administrative Agent May File Proofs of Claim. In case of the pendency of any proceeding under any
Debtor Relief Law or any other judicial proceeding relative to any Credit Party, the Administrative Agent (irrespective of whether the principal of any Loan or L/C Obligation shall then be due and payable as herein expressed or by declaration or
otherwise and irrespective of whether the Administrative Agent shall have made any demand on the Borrower) shall be entitled and empowered (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, L/C Obligations and all other Obligations arising under the Loan Document that are owing and unpaid and to file such other documents as may be necessary or advisable in order to have the claims of
the Lenders, the Issuing Lenders and the Administrative Agent (including any claim for the reasonable compensation, expenses, disbursements and advances of the Lenders, the Issuing Lenders and the Administrative Agent and their respective agents and
counsel and all other amounts due the Lenders, the Issuing Lenders and the Administrative Agent under Sections 3.3, 4.3 and 11.3) 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 and Issuing 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 and the Issuing Lenders, to pay to the Administrative Agent any amount due for the reasonable compensation, expenses, disbursements and advances of the Administrative Agent and its agents and counsel, and any other amounts due the
Administrative Agent under Sections 3.3, 4.3 and 11.3. 

  
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 ARTICLE X 

THE ADMINISTRATIVE AGENT 

SECTION 10.1        Appointment and Authority. Each of the Lenders and
each Issuing Lender hereby irrevocably designates and appoints Wells Fargo to act on its behalf as the Administrative Agent hereunder and under the other Loan Documents and authorizes the Administrative Agent to take such actions on its behalf and
to exercise such powers as are delegated to the Administrative Agent by the terms hereof or thereof, together with such actions and powers as are reasonably incidental thereto. The provisions of this Article are solely for the benefit of
the Administrative Agent, the Lenders and the Issuing Lenders, and neither the Borrower nor any Subsidiary thereof shall have rights as a third party beneficiary of any of such provisions. It is understood and agreed that the use of the term
“agent” herein or in any other Loan Documents (or any other similar term) with reference to the Administrative Agent is not intended to connote any fiduciary or other implied 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. 

The Administrative Agent shall also act as the “collateral agent” under the Loan Documents, and each of the
Lenders (including in its capacity as counterparty to a Secured Hedge Agreement or Secured Cash Management Agreement, as applicable) and each of the Issuing Lenders hereby irrevocably appoints and authorizes the Administrative Agent to act as the
agent of such Lender and such Issuing Lender for purposes of acquiring, holding and enforcing any and all Liens on Collateral granted by any Credit Party to secure any of the Obligations, together with such powers and discretion as are reasonably
incidental thereto (including, without limitation, to enter into additional Loan Documents or supplements to existing Loan Documents on behalf of the Lenders). In this connection, the Administrative Agent, as “collateral agent”, and
any co-agents, sub-agents and attorneys-in-fact appointed by the Administrative Agent pursuant to this Article X for purposes of holding or enforcing any Lien on the Collateral (or any portion thereof) granted under the Security Documents, or
for exercising any rights and remedies thereunder at the direction of the Administrative Agent), shall be entitled to the benefits of all provisions of this Articles X and XI (including Section 11.3, as though such co-agents,
sub-agents and attorneys-in-fact were the “collateral agent” under the Loan Documents) as if set forth in full herein with respect thereto. 

SECTION 10.2        Rights as a Lender. The Person serving as the
Administrative Agent hereunder shall have the same rights and powers in its capacity as a Lender as any other Lender and may exercise the same as though it were not the Administrative Agent and the term “Lender” or “Lenders”
shall, unless otherwise expressly indicated or unless the context otherwise requires, include the Person serving as the Administrative Agent hereunder in its individual capacity. Such Person and its Affiliates may accept deposits from, lend
money to, own securities of, act as the financial advisor or in any other advisory capacity for and generally engage in any kind of business with the Borrower or any Subsidiary or other Affiliate thereof as if such Person were not the Administrative
Agent hereunder and without any duty to account therefor to the Lenders. 

  
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 SECTION 10.3        Exculpatory
Provisions. The Administrative Agent shall not have any duties or obligations except those expressly set forth herein and in the other Loan Documents, and its duties hereunder and thereunder shall be administrative in nature. Without
limiting the generality of the foregoing, the Administrative Agent: 

(a)        shall not be subject to any fiduciary or other implied duties, regardless
of whether a Default has occurred and is continuing; 
 (b)        shall not have
any duty to take any discretionary action or exercise any discretionary powers, except discretionary rights and powers expressly contemplated hereby or by the other Loan Documents that the Administrative Agent is required to exercise as directed in
writing by the Required Lenders (or such other number or percentage of the Lenders as shall be expressly provided for herein or in the other Loan Documents), provided that the Administrative Agent shall not be required to take any action
that, in its opinion or the opinion of its counsel, may expose the Administrative Agent to liability or that is contrary to any Loan Document or Applicable Law, including for the avoidance of doubt any action that may be in violation of the
automatic stay under any Debtor Relief Law or that may effect a forfeiture, modification or termination of property of a Defaulting Lender in violation of any Debtor Relief Law; and 

(c)        shall not, except as expressly set forth herein and in the other Loan
Documents, have any duty to disclose, and shall not be liable for the failure to disclose, any information relating to the Borrower or any of its Affiliates that is communicated to or obtained by the Person serving as the Administrative Agent or any
of its Affiliates in any capacity. 
 The Administrative Agent shall not be liable for any action taken or not taken by it
(i) with the consent or at the request of the Required Lenders (or such other number or percentage of the Lenders as shall be necessary, or as the Administrative Agent shall believe in good faith shall be necessary, under the circumstances as
provided in Section 11.2) or (ii) in the absence of its own gross negligence or willful misconduct as determined by a court of competent jurisdiction by final nonappealable judgment. The Administrative
Agent shall be deemed not to have knowledge of any Default unless and until notice describing such Default is given to the Administrative Agent by the Borrower, a Lender or an Issuing 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 V or elsewhere herein, other than to confirm receipt of items expressly
required to be delivered to the Administrative Agent. 
 SECTION
10.4        Reliance by the Administrative Agent. The Administrative Agent shall be entitled to rely upon, and shall not incur any liability for relying upon, any notice, request, certificate,
consent, statement, instrument, document or other writing (including any 

  
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electronic message, Internet or intranet website posting or other distribution) believed by it to be genuine and to have been signed, sent or otherwise authenticated by the proper
Person. The Administrative Agent also may rely upon any statement made to it orally or by telephone and believed by it to have been made by the proper Person, and shall not incur any liability for relying thereon. In determining compliance
with any condition hereunder to the making of a Loan, or the issuance, extension, renewal or increase of a Letter of Credit, that by its terms must be fulfilled to the satisfaction of a Lender or an Issuing Lender, the Administrative Agent may
presume that such condition is satisfactory to such Lender or such Issuing Lender unless the Administrative Agent shall have received notice to the contrary from such Lender or such Issuing Lender prior to the making of such Loan or the issuance of
such Letter of Credit. The Administrative Agent may consult with legal counsel (who may be counsel for the Borrower), independent accountants and other experts selected by it, and shall not be liable for any action taken or not taken by it in
accordance with the advice of any such counsel, accountants or experts. 
 SECTION
10.5        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
Facilities 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
nonappealable judgment that the Administrative Agent acted with gross negligence or willful misconduct in the selection of such sub-agents. 

SECTION 10.6        Resignation of Administrative Agent.

(a)        The Administrative Agent may at any time give notice of its resignation to
the Lenders, the Issuing Lenders and the Borrower. Upon receipt of any such notice of resignation, the Required Lenders shall have the right 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, subject to the consent of the Borrower (such consent not to unreasonably be withheld) unless an Event of Default has occurred and is continuing. If no such successor shall have been so
appointed by the Required Lenders and shall have accepted such appointment within 30 days after the retiring Administrative Agent gives notice of its resignation or such earlier day as shall be agreed by the Required Lenders (the
“Resignation Effective Date”), then the retiring Administrative Agent may (but shall not be obligated to) on behalf of the Lenders and the Issuing Lenders, appoint a successor Administrative Agent meeting the qualifications set
forth above provided that if the Administrative Agent shall notify the Borrower and the Lenders that no qualifying Person has accepted such appointment, then such resignation shall nonetheless become effective in accordance with such notice;
provided, that in no event shall any such successor Administrative Agent be a Defaulting Lender. Whether or not a successor has been appointed, such resignation shall become effective in accordance with such notice on the Resignation
Effective Date. 

  
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 (b)        With effect from the
Resignation Effective Date, (i) the retiring Administrative Agent shall be discharged from its duties and obligations hereunder and under the other Loan Documents (except that in the case of any collateral security held by the Administrative Agent
on behalf of the Lenders or the Issuing Lenders under any of the Loan Documents, the retiring Administrative Agent shall continue to hold such collateral security until such time as a successor Administrative Agent is appointed) and (ii) except
for any indemnity payments 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 and each Issuing Lender
directly, until such time, if any, as the Required Lenders appoint a successor Administrative Agent as provided for above. Upon the acceptance of a successor’s appointment as Administrative Agent hereunder, such successor shall succeed to
and become vested with all of the rights, powers, privileges and duties of the retiring Administrative Agent (other than any rights to indemnity payments owed to the retiring Administrative Agent), and the retiring Administrative Agent shall be
discharged from all of its duties and obligations hereunder or under the other Loan Documents. The fees payable by the Borrower to a successor Administrative Agent shall be the same as those payable to its predecessor unless otherwise agreed
between the Borrower and such successor. After the retiring Administrative Agent’s resignation hereunder and under the other Loan Documents, the provisions of this Article and Section 11.3 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. 
 (c)        Any resignation by Wells Fargo as Administrative
Agent pursuant to this Section shall also constitute its resignation as Issuing Lender and Swingline Lender. Upon the acceptance of a successor’s appointment as Administrative Agent hereunder, (a) such successor shall succeed to
and become vested with all of the rights, powers, privileges and duties of the retiring Issuing Lender and Swingline Lender, (b) the retiring Issuing Lender and Swingline Lender shall be discharged from all of their respective duties and
obligations hereunder or under the other Loan Documents, and (c) the successor Issuing Lender shall, as expeditiously as possible, issue letters of credit in substitution for the Letters of Credit, if any, outstanding at the time of such
succession or make other arrangements satisfactory to the retiring Issuing Lender to effectively assume the obligations of the retiring Issuing Lender with respect to such Letters of Credit. 

SECTION 10.7        Non-Reliance on Administrative Agent and Other
Lenders. Each Lender and each Issuing Lender acknowledges that it has, independently and without reliance upon the Administrative Agent or any other Lender or any of their Related Parties and based on such documents and information as it
has deemed appropriate, made its own credit analysis and decision to enter into this Agreement. Each Lender and each Issuing Lender 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. 

  
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 SECTION 10.8        No Other Duties,
etc. Anything herein to the contrary notwithstanding, none of the syndication agents, documentation agents, co-agents, arrangers or bookrunners listed on the cover page or signature pages hereof shall have any powers, duties or
responsibilities under this Agreement or any of the other Loan Documents, except in its capacity, as applicable, as the Administrative Agent, a Lender or an Issuing Lender hereunder. 

SECTION 10.9        Collateral and Guaranty Matters. Each Lender
(including any counterparty to any Secured Hedge Agreement or Secured Cash Management Agreement that was a Lender or an Affiliate of any Lender at the time such agreement was executed) irrevocably authorizes the Administrative Agent, at its option
and in its discretion, without notice to, or vote or consent of, any counterparty to any Secured Hedge Agreement or Secured Cash Management Agreement that was a Lender or an Affiliate of any Lender at the time such agreement was executed: 

(a)         to release any Lien on any Collateral granted to or held by the
Administrative Agent, for the ratable benefit of the Secured Parties, under any Loan Document (i) upon the termination of the Revolving Credit Commitment and payment in full of all Obligations (other than contingent indemnification obligations
not then due) and the expiration or termination of all Letters of Credit, (ii) that is sold, transferred or to be sold or transferred as part of or in connection with any sale or other transaction permitted hereunder or under any other
Loan Document, (iii) as provided in Section 7.15(c), or (iv) if approved, authorized or ratified in writing in accordance with Section 11.2; 

(b)    to release any Subsidiary Guarantor (whether or not on the date of such release there may be
outstanding Specified Obligations or contingent indemnification obligations not then due) from its obligations under the Subsidiary Guaranty Agreement and any other Loan Documents if such Person ceases to be a Subsidiary as a result of a transaction
permitted hereunder; and 
 (c)        to subordinate or release any Lien on any
Collateral granted to or held by the Administrative Agent under any Loan Document to the holder of any Permitted Lien. 
 Upon request by
the Administrative Agent at any time, the Required Lenders will confirm in writing the Administrative Agent’s authority to release or subordinate its interest in particular types or items of property, or to release any Subsidiary Guarantor from
its obligations under the Subsidiary Guaranty Agreement pursuant to this Section 10.9. In each case as specified in this Section 10.9, the Administrative Agent will, at the Borrower’s expense, execute and deliver to the
Borrower such documents as the Borrower may reasonably request to evidence the release of such item of Collateral from the assignment and security interest granted under the Collateral Documents or to subordinate its interest in such item, or
to release such Guarantor from its obligations under the Guaranty, in each case in accordance with the terms of the Loan Documents and this Section 10.9. In the case of any such sale, transfer or disposal of any property constituting
Collateral in a transaction constituting an disposition of assets permitted pursuant to Section 8.1, the Liens created by any of the Security Documents on such property shall be automatically released without need for further action by any
person. 

  
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 SECTION 10.10        Secured Hedge
Agreements and Secured Cash Management Agreements. No counterparty to any Secured Hedge Agreement or Secured Cash Management Agreement that was a Lender or an Affiliate of any Lender at the time such agreement was executed that obtains the
benefits of Section 9.4 or any other Loan Document shall have any right to notice of any action or to consent to, direct or object to any action hereunder or under any other Loan Document other than in its capacity
as a Lender and, in such case, only to the extent expressly provided in the Loan Documents. Notwithstanding any other provision of this Article X to the contrary, the Administrative Agent shall not be required to verify the payment of,
or that other satisfactory arrangements have been made with respect to, Secured Cash Management Agreements and Secured Hedge Agreements unless the Administrative Agent has received written notice of such Secured Cash Management Agreements and
Secured Hedge Agreements, together with such supporting documentation as the Administrative Agent may request, from the applicable counterparty to each such agreement, as the case may be. 

ARTICLE XI 
 MISCELLANEOUS

 SECTION 11.1        Notices. 

(a)        Notices Generally. Except in the case of notices and other
communications expressly permitted to be given by telephone (and except as provided in paragraph (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: 
  

			
	 If to the Borrower:
	 	 Apogee Enterprises, Inc.

		 	 4400 West 78th Street, Suite 520

		 	 Minneapolis, MN 55435

		 	 Attention: Mr. Gary Johnson

		 	 Telephone No.: (952) 487-7542

		 	 Telecopy No.: (612) 896-2400

		 	 E-mail: gjohnson@apog.com

		
	 If to Wells Fargo as
	 	
	 Administrative Agent:
	 	Wells Fargo Bank, National Association
		 	1525 West W.T. Harris Blvd.
		 	Charlotte, NC 28262
		 	Attention of: Syndication Agency Services
		 	Telephone No.: (704) 590-2703
		 	Telecopy No.: (704) 715-0092

  
 93 

			
	 With copies to:
	 	 Wells Fargo Bank, National Association

		 	 301 South College Street

		 	 Charlotte, NC 20202

		 	 Attention of: Kara Treiber

		 	 Telephone No.: (704) 715-6082

		 	 E-mail: kara.treiber@wellsfargo.com

		
	 If to Wells Fargo as
	 	
	 Issuing Lender:
	 	 Wells Fargo Bank, National Association

		 	 401 Linden Street, 1st Floor

		 	 Winston-Salem, NC 27101

		 	 Attention: Standby L/C Department

		 	 Telephone No.: (336) 735-3372

		
	 If to U.S. Bank as
	 	
	 Issuing Lender:
	 	 U.S. Bank National Association

		 	 800 Nicollet Mall

		 	 Minneapolis, MN 55402

		 	 Attention: Mila Yakovlev

		 	 Telephone No.: (612) 303-3779

		 	 Telecopy No.: 612-303-2265

		 	 E-mail: ludmila.yakovlev@usbank.com

		
	 If to any Lender:
	 	 To the address of such Lender set forth on the Register.

 Notices sent by hand or overnight courier service, or mailed by certified or registered mail, shall be deemed
to have been given when received; notices sent by 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 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 and the Issuing Lenders hereunder may be delivered or furnished by electronic communication (including e-mail and Internet or intranet websites) pursuant to procedures approved by the Administrative Agent, provided that the
foregoing shall not apply to notices to any Lender or any Issuing Lender pursuant to Article II if such Lender or such Issuing Lender, as applicable, has notified the Administrative Agent that is incapable of receiving
notices under such Article by electronic communication. The Administrative Agent or the Borrower may, in its discretion, agree to accept notices and other communications to it hereunder by electronic communications pursuant to procedures
approved by it, provided that approval of such procedures may be limited to particular notices or communications. 

Unless the Administrative Agent otherwise prescribes, (i) notices and other communications sent to an e-mail address
shall be deemed received upon the sender’s receipt of an acknowledgement from the intended recipient (such as by the “return receipt requested” function, as available, return e-mail or other written acknowledgement), and
(ii) notices or 

  
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communications posted to an Internet or intranet website shall be deemed received upon the deemed receipt by the intended recipient at its e-mail address as described in the foregoing clause (i)
of notification that such notice or communication is available and identifying the website address therefor; provided, that for both clauses (i) and (ii) above, if such notice, email or other communication is not sent during the normal
business hours of the recipient, such notice, email or other communication shall be deemed to have been sent at the opening of business on the next Business Day for the recipient. 

(c)        Administrative Agent’s Office. The
Administrative Agent hereby designates its office located at the address set forth above, or any subsequent office which shall have been specified for such purpose by written notice to the Borrower and Lenders, as the Administrative Agent’s
Office referred to herein, to which payments due are to be made and at which Loans will be disbursed and Letters of Credit requested. 

(d)        Change of Address, Etc. Any party hereto may change its address
or telecopier number for notices and other communications hereunder by notice to the other parties hereto. 

(e)        Platform.

(i)        Each Credit Party agrees that the Administrative Agent may,
but shall not be obligated to, make the Borrower Materials available to the Issuing Lenders and the other Lenders by posting the Borrower Materials on the Platform.

(ii)        The Platform is provided “as is” and “as
available.” The Agent Parties (as defined below) do not warrant the accuracy or completeness of the Borrower Materials or the adequacy of the Platform, and expressly disclaim liability for errors or omissions in the Borrower
Materials. No warranty of any kind, express, implied or statutory, including, without limitation, any warranty of merchantability, fitness for a particular purpose, non-infringement of third-party rights or freedom from viruses or other code
defects, is made by any Agent Party in connection with the Borrower Materials or the Platform. In no event shall the Administrative Agent or any of its Related Parties (collectively, the “Agent Parties”) have any liability to
any Credit Party, any Lender or any other Person or entity for losses, claims, damages, liabilities or expenses of any kind (whether in tort, contract or otherwise) arising out of any Credit Party’s or the Administrative Agent’s
transmission of communications through the Internet (including, without limitation, the Platform), except to the extent that such losses, claims, damages, liabilities or expenses are determined by a court of competent jurisdiction by final and
nonappealable judgment to have resulted from the gross negligence or willful misconduct of such Agent Party; provided that in no event shall any Agent Party have any liability to any Credit Party, any Lender, the Issuing Lender or any other Person
for indirect, special, incidental, consequential or punitive damages, losses or expenses (as opposed to actual damages, losses or expenses). 

SECTION 11.2        Amendments, Waivers and Consents. Except as set forth
below or as specifically provided in any Loan Document, any term, covenant, agreement or condition of this Agreement or any of the other Loan Documents may be amended or waived by the Lenders, and any consent given by the Lenders, if, but only if,
such amendment, waiver or consent is in 

  
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writing signed by the Required Lenders (or by the Administrative Agent with the consent of the Required Lenders) and delivered to the Administrative Agent and, in the case of an amendment, signed
by the Borrower; provided, that no amendment, waiver or consent shall: 

(a)        increase or extend the Commitment of any Lender (or reinstate any
Commitment terminated pursuant to Section 9.2) or increase the amount of Loans of any Lender, in any case, without the written consent of such Lender; 

(b)        except as provided in Section 2.7, waive, extend or postpone any
date fixed by this Agreement or any other Loan Document for any payment of principal, interest, fees or other amounts due to the Lenders (or any of them) hereunder or under any other Loan Document without the written consent of each Lender directly
and adversely affected thereby; 
 (c)        reduce the principal of, or the rate
of interest specified herein on, any Loan or Reimbursement Obligation, or (subject to clause (iv) of the second proviso to this Section) any fees or other amounts payable hereunder or under any other Loan Document without the written consent of
each Lender directly and adversely affected thereby; provided that only the consent of the Required Lenders shall be necessary (i) to waive any obligation of the Borrower to pay interest at the rate set forth in
Section 4.1(c) during the continuance of an Event of Default or (ii) to amend any financial covenant hereunder (or any defined term used therein) even if the effect of such amendment would be to reduce the rate of interest
on any Loan or L/C Obligation or to reduce any fee payable hereunder; 

(d)        change Section 4.6 or
Section 9.4 in a manner that would alter the pro rata sharing of payments or order of application required thereby without the written consent of each Lender directly and adversely affected thereby;

 (e)        except as otherwise permitted by this
Section 11.2 change any provision of this Section or reduce the percentages specified in the definition of “Required Lenders” or any other provision hereof specifying the number or percentage of Lenders
required to amend, waive or otherwise modify any rights hereunder or make any determination or grant any consent hereunder, without the written consent of each Lender directly and adversely affected thereby; 

(f)        consent to the assignment or transfer by any Credit Party of such Credit
Party’s rights and obligations under any Loan Document to which it is a party (except as permitted pursuant to Section 8.1), in each case, without the written consent of each Lender; 

(g)         release all of the Subsidiary Guarantors or the Subsidiary Guarantors
comprising substantially all of the credit support for the Obligations, in any case, from the Subsidiary Guaranty Agreement (other than as authorized in Section 10.9), without the written consent of each
Lender; or 
 (h)        release all or substantially all of the Collateral or
terminate the Collateral Agreement (except as otherwise specifically permitted or contemplated in this Agreement or the Collateral Agreement) without the written consent of each Lender; 

provided further, that (i) no amendment, waiver or consent shall, unless in writing and signed by each affected Issuing
Lender in addition to the Lenders required above, affect the rights or duties 

  
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of such Issuing Lender under this Agreement or any Letter of Credit Application relating to any Letter of Credit issued or to be issued by such Issuing Lender; (ii) no amendment, waiver or
consent shall, unless in writing and signed by the Swingline Lender in addition to the Lenders required above, affect the rights or duties of the Swingline Lender under this Agreement; (iii) 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; (iv) each Fee Letter may be amended, or rights or
privileges thereunder waived, in a writing executed only by the parties thereto; (v) each Letter of Credit Application may be amended, or rights or privileges thereunder waived, in a writing executed only by the parties thereto; provided,
that a copy of such amended Letter of Credit Application shall be promptly delivered to the Administrative Agent upon such amendment or waiver; (vi) any waiver, amendment or modification of this Agreement that by its terms affects the rights or
duties under this Agreement of Lenders holding Loans or Commitments of a particular Class (but not the Lenders holding Loans or Commitments of any other Class) may be effected by an agreement or agreements in writing entered into by the Borrower and
the requisite percentage in interest of the affected Class of Lenders that would be required to consent thereto under this Section if such Class of Lenders were the only Class of Lenders hereunder at the time; and (vii) the Administrative Agent and
the Borrower shall be permitted to amend any provision of the Loan Documents (and such amendment shall become effective without any further action or consent of any other party to any Loan Document) if the Administrative Agent and the Borrower shall
have jointly identified an obvious error or any error, ambiguity, defect or inconsistency or omission of a technical or immaterial nature in any such provision. Notwithstanding anything to the contrary herein, no Defaulting Lender shall have
any right to approve or disapprove any amendment, waiver or consent hereunder, except that without the consent of such Defaulting Lender, (a) the Revolving Credit Commitment of such Defaulting Lender may not be increased or extended, (b) the
principal of any Loans owing to such Defaulting Lender may not be reduced (unless all Lenders affected thereby are treated similarly), and (c) the maturity date of any Loans owing to such Defaulting Lender may not be extended. 

Notwithstanding anything in this Agreement to the contrary, each Lender hereby irrevocably authorizes the Administrative Agent
on its behalf, and without further consent, to enter into amendments or modifications to this Agreement (including, without limitation, amendments to this Section 11.2) or any of the other Loan Documents or to enter
into additional Loan Documents as the Administrative Agent reasonably deems appropriate in order to effectuate the terms of Section 4.14 (including, without limitation, as applicable, (1) to permit the Incremental Term
Loans and the Incremental Revolving Credit Increases to share ratably in the benefits of this Agreement and the other Loan Documents and (2) to include the Incremental Term Loan Commitments and the Incremental Revolving Credit Increase, as
applicable, or outstanding Incremental Term Loans and outstanding Incremental Revolving Credit Increase, as applicable, in any determination of (i) Required Lenders or (ii) similar required lender terms applicable thereto); provided
that no amendment or modification shall result in any increase in the amount of any Lender’s Commitment or any increase in any Lender’s Commitment Percentage, in each case, without the written consent of such affected Lender. 

  
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 SECTION 11.3        Expenses;
Indemnity. 
 (a)        Costs and Expenses. The Borrower shall pay
(i) all reasonable out of pocket expenses incurred by the Administrative Agent, the Arrangers and their respective Affiliates (including the reasonable fees, charges and disbursements of counsel to the Administrative Agent and Wells Fargo
Securities, LLC, in connection with the syndication of the credit facilities provided for herein and the preparation, negotiation, execution, and delivery of this Agreement and the other Loan Documents (whether or not the transactions contemplated
hereby or thereby shall be consummated), (ii) all reasonable out of pocket expenses incurred by the Administrative Agent and its Affiliates (including the reasonable fees, charges and disbursements of counsel to the Administrative Agent (and of such
special and local counsel as the Administrative Agent may reasonably require), in connection with the administration of this Agreement and the other Loan Documents or any amendments, modifications or waivers of the provisions hereof or thereof,
(iii) all reasonable out of pocket expenses incurred by the any Issuing Lender in connection with the issuance, amendment, renewal or extension of any Letter of Credit or any demand for payment thereunder and (iv) all out of pocket
expenses incurred by the Administrative Agent, any Lender or any Issuing Lender (including the fees, charges and disbursements of any counsel for the Administrative Agent, any Lender or any Issuing Lender), 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 or Letters of Credit issued hereunder, including all such out of
pocket expenses incurred during any workout, restructuring or negotiations in respect of such Loans or Letters of Credit. 

(b)        Indemnification by the Borrower. The Borrower shall indemnify the
Administrative Agent (and any sub-agent thereof), Wells Fargo Securities, LLC, each Lender and each Issuing 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, and shall pay or reimburse any such Indemnitee for, any and all losses, claims (including, without limitation, any Environmental Claims, penalties, damages, liabilities and related expenses (including the fees,
charges and disbursements of any counsel for any Indemnitee), incurred by any Indemnitee or asserted against any Indemnitee by any Person (including the Borrower or any other Credit Party) arising out of, 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 or the
consummation of the transactions contemplated hereby or thereby, (ii) any Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by any Issuing Lender to honor a demand for payment under a Letter of
Credit if the documents presented in connection with such demand do not strictly comply with the terms of such Letter of Credit), (iii) any actual or alleged presence or Release of Hazardous Substances on or from any property owned or operated
by any Credit Party or any Subsidiary thereof, or any Environmental Claim related in any way to any Credit Party or any Subsidiary, (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 Credit Party or any Subsidiary thereof, and regardless of whether any Indemnitee is a party thereto, or (v) any claim (including, without
limitation, any Environmental Claims), investigation, litigation or other proceeding (whether or not the Administrative Agent or 

  
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any Lender is a party thereto) and the prosecution and defense thereof, arising out of or in any way connected with the Loans, this Agreement, any other Loan Document, or any documents
contemplated by or referred to herein or therein or the transactions contemplated hereby or thereby, including without limitation, reasonable attorneys and consultant’s fees, provided that such indemnity shall not, as to any Indemnitee,
be available to the extent that such losses, claims, damages, liabilities or related expenses are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from the bad faith, gross negligence or willful
misconduct of such Indemnitee; provided further, that the Indemnitees will make reasonable efforts to coordinate and to utilize the minimum number of law firms or counsel reasonably necessary to conduct properly any litigation with
respect to which indemnity is sought under this Section 11.3(b). 

(c)        Reimbursement by Lenders. To the extent that the Borrower for any
reason fails to indefeasibly pay any amount required under clause (a) or (b) of this Section to be paid by it to the Administrative Agent (or any sub-agent thereof), any Issuing Lender, the Swingline Lender or any Related Party of any of
the foregoing, each Lender severally agrees to pay to the Administrative Agent (or any such sub-agent), such Issuing Lender, the Swingline Lender or such Related Party, as the case may be, such Lender’s pro rata share (determined as of the time
that the applicable unreimbursed expense or indemnity payment is sought based on each Lender’s share of the Total Credit Exposure at such time, or if the Total Credit Exposure has been reduced to zero, then based on such Lender’s share of
the Total Credit Exposure immediately prior to such reduction) of such unpaid amount (including any such unpaid amount in respect of a claim asserted by such Lender); provided, that with respect to such unpaid amounts owed to any Issuing Lender or
the Swingline Lender solely in its capacity as such, only the Revolving Credit Lenders shall be required to pay such unpaid amounts, such payment to be made severally among them based on such Revolving Credit Lenders’ Revolving Credit
Commitment Percentage (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought or, if the Revolving Credit Commitment has been reduced to zero as of such time, determined immediately prior to such
reduction); provided, further, that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against the Administrative Agent (or any such sub-agent), such Issuing
Lender or the Swingline Lender in its capacity as such, or against any Related Party of any of the foregoing acting for the Administrative Agent (or any such sub-agent), such Issuing Lender or the Swingline Lender in connection with such
capacity. The obligations of the Lenders under this clause (c) are subject to the provisions of Section 4.7. 

(d)        Waiver of Consequential Damages, Etc. To the fullest extent
permitted by Applicable Law, the Borrower and each other Credit Party shall not assert, and hereby waives, any claim against any Indemnitee, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct
or actual damages) arising out of, in connection with, or as a result of, this Agreement, any other Loan Document or any agreement or instrument contemplated hereby, the transactions contemplated hereby or thereby, any Loan or Letter of Credit or
the use of the proceeds thereof. No Indemnitee referred to in clause (b) above shall be liable for any damages arising from the use by unintended recipients of any information or other materials distributed by it 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. 

  
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 (e)        Payments. All
amounts due under this Section shall be payable promptly after demand therefor. 

(f)        Survival. Each party’s obligations under this Section shall
survive the termination of the Loan Documents and payment of the obligations hereunder. 
 SECTION
11.4        Right of Set Off. If an Event of Default shall have occurred and be continuing, each Lender, each Issuing Lender, the Swingline Lender and each of their respective Affiliates is hereby
authorized at any time and from time to time, to the fullest extent permitted by Applicable Law, to set off and apply any and all deposits (general or special, time or demand, provisional or final, in whatever currency) at any time held and other
obligations (in whatever currency) at any time owing by such Lender, such Issuing Lender, the Swingline Lender or any such Affiliate to or for the credit or the account of the Borrower or any other Credit Party against any and all of the obligations
of the Borrower or such Credit Party now or hereafter existing under this Agreement or any other Loan Document to such Lender, such Issuing Lender or the Swingline Lender or any of their respective Affiliates, irrespective of whether or not such
Lender, such Issuing Lender or, the Swingline Lender or any such Affiliate shall have made any demand under this Agreement or any other Loan Document and although such obligations of the Borrower or such Credit Party may be contingent or unmatured
or are owed to a branch or office of such Lender, such Issuing Lender, the Swingline Lender or such Affiliate different from the branch, office or Affiliate holding such deposit or obligated on such indebtedness; provided that in the event that any
Defaulting Lender shall exercise any such right of setoff, (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 9.4 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, the Issuing Lender, the Swingline Lender and the Lenders, and (y) the Defaulting Lender shall provide
promptly to the Administrative Agent a statement describing in reasonable detail the Obligations owing to such Defaulting Lender as to which it exercised such right of setoff. The rights of each Lender, each Issuing Lender, the Swingline Lender
and their respective Affiliates under this Section are in addition to other rights and remedies (including other rights of setoff) that such Lender, such Issuing Lender, the Swingline Lender or their respective Affiliates may have. Each
Lender, each Issuing Lender and the Swingline Lender agrees to notify the Borrower and the Administrative Agent promptly after any such setoff and application; provided that the failure to give such notice shall not affect the validity of
such setoff and application. 
 SECTION 11.5        Governing Law; Jurisdiction,
Etc.
 (a)        Governing Law. This Agreement and the other Loan
Documents and any claim, controversy, dispute or cause of action (whether in contract or tort or otherwise) based upon, arising out of or relating to this Agreement or any other Loan Document (except, as to any other Loan Document, as expressly set
forth therein) and the transactions contemplated hereby and thereby shall be governed by, and construed in accordance with, the law of the State of New York. 

(a)        Submission to Jurisdiction. The Borrower irrevocably and
unconditionally agrees that it will not commence any action, litigation or proceeding of any kind or description, whether 

  
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in law or equity, whether in contract or in tort or otherwise, against the Administrative Agent, any Lender, any Issuing Lender, the Swingline Lender, or any Related Party of the foregoing in any
way relating to this Agreement or any other Loan Document or the transactions relating hereto or thereto, in any forum other than the courts of the State of New York sitting in New York County, and of the United States District Court of the Southern
District of New York, and any appellate court from any thereof, and each of the parties hereto irrevocably and unconditionally submits to the exclusive jurisdiction of such courts and agrees that all claims in respect of any such action, litigation
or proceeding may be heard and determined in such New York State court or, to the fullest extent permitted by Applicable Law, in such federal court. Each of the parties hereto agrees that a final judgment in any such action, litigation or
proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by law. Nothing in this Agreement or in any other Loan Document shall affect any right that the Administrative
Agent, any Lender, any Issuing Lender or the Swingline Lender may otherwise have to bring any action or proceeding relating to this Agreement or any other Loan Document against the Borrower or its properties in the courts of any jurisdiction. 

(b)        Waiver of Venue. The Borrower and each other Credit Party
irrevocably and unconditionally waives, to the fullest extent permitted by Applicable Law, any objection that it may now or hereafter have to the laying of venue of any action or proceeding arising out of or relating to this Agreement or any other
Loan Document in any court referred to in paragraph (b) of this Section. Each of the parties hereto hereby irrevocably waives, to the fullest extent permitted by Applicable Law, the defense of an inconvenient forum to the maintenance of
such action or proceeding in any such court. 
 (c)        Service of
Process. Each party hereto irrevocably consents to service of process in the manner provided for notices in Section 11.1. Nothing in this Agreement will affect the right of any party hereto to serve process in any
other manner permitted by Applicable Law. 
 SECTION 11.6        Waiver of Jury
Trial.
 (a)        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. 
 SECTION 11.7    Reversal of Payments. To the extent any Credit Party makes a
payment or payments to the Administrative Agent for the ratable benefit of the Lenders or to any Lender directly or the Administrative Agent or any Lender receives any payment or proceeds of 

  
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the Collateral or any Lender exercises its right of setoff, which payments or proceeds (including any proceeds of such setoff) or any part thereof are subsequently invalidated, declared to be
fraudulent or preferential, set aside and/or required to be repaid to a trustee, receiver or any other party under any Debtor Relief Law, other Applicable Law or equitable cause, then, to the extent of such payment or proceeds repaid, the
Obligations or part thereof intended to be satisfied shall be revived and continued in full force and effect as if such payment or proceeds had not been received by the Administrative Agent, and each Lender and each Issuing Lender severally agrees
to pay to the Administrative Agent upon demand its applicable ratable share (without duplication) of any amount so recovered from or repaid by the Administrative Agent plus interest thereon at a per annum rate equal to the Federal Funds Rate from
the date of such demand to the date such payment is made to the Administrative Agent. 
 SECTION
11.8        Punitive Damages. The Administrative Agent, the Lenders and the Borrower (on behalf of itself and the other Credit Parties) hereby agree that no such Person shall have a remedy of
punitive or exemplary damages against any other party to a Loan Document and each such Person hereby waives any right or claim to punitive or exemplary damages that they may now have or may arise in the future in connection with any Dispute, whether
such Dispute is resolved through arbitration or judicially. 
 SECTION
11.9        Successors and Assigns; Participations.

(a)        Successors and Assigns Generally. The provisions of this
Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns permitted hereby, except that neither the Borrower nor any other Credit Party may assign or otherwise transfer any of its
rights or obligations hereunder without the prior written consent of the Administrative Agent and each Lender (except as otherwise permitted hereunder) 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 paragraph (b) of this Section, (ii) by way of participation in accordance with the provisions of paragraph (d) of this Section or (iii) by way of pledge or
assignment of a security interest subject to the restrictions of paragraph (f) of this Section (and any other attempted assignment or transfer by any party hereto shall be null and void). Nothing in this Agreement, expressed or
implied, shall be construed to confer upon any Person (other than the parties hereto, their respective successors and assigns permitted hereby, Participants to the extent provided in paragraph (d) of this Section 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. 

(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 (including all or a portion of its Revolving Credit 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 Revolving Credit Commitment and the Loans at the time owing to it 

  
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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 paragraph (b)(i)(A) of
this Section, the aggregate amount of the Commitment (which for this purpose includes Loans outstanding thereunder) or, if the applicable Commitment is not then in effect, the principal outstanding balance of the Loans of the assigning Lender
subject to each such assignment (determined as of the date the 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 $15,000,000, unless each of the Administrative Agent and, so long as no Event of Default has occurred and is continuing, the Borrower otherwise consents (each such consent not to be unreasonably withheld or
delayed); provided that the Borrower shall be deemed to have given its consent ten (10) Business Days after the date written notice thereof has been delivered by the assigning Lender (through the Administrative Agent) unless such consent is
expressly refused by the Borrower prior to such tenth (10th) Business Day; 

(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 Loan or the Revolving Credit Commitment assigned; 

(iii)        Required Consents. No consent shall be
required for any assignment except to the extent required by paragraph (b)(i)(B) of this Section and, in addition: 

(A)        the consent of the Borrower (such consent not to be
unreasonably withheld) shall be required unless (x) an Event of Default has occurred and is continuing at the time of such assignment or (y) such assignment is to a Lender, an Affiliate of a Lender or an Approved Fund; provided,
that the Borrower shall be deemed to have consented to any such assignment unless it shall object thereto by written notice to the Administrative Agent within 10 Business Days after having received notice thereof; 

(B)        the consent of the Administrative Agent (such consent not
to be unreasonably withheld or delayed) shall be required for assignments in respect of (i) the Revolving Credit Facility if such assignment is to a Person that is not a Lender with a Revolving Credit Commitment, an Affiliate of such Lender or an
Approved Fund with respect to such Lender or (ii) the Term Loans to a Person who is not a Lender, an Affiliate of a Lender or an Approved Fund; and 

(C)        the consents of each Issuing Lender and the Swingline
Lender (such consents not to be unreasonably withheld or delayed) shall be required for any assignment that increases the obligation of the assignee to participate in exposure under one or more Letters of Credit (whether or not then outstanding) or
for any assignment in respect of the Revolving Credit Facility. 

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

  
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with a processing and recordation fee of $3,500 for each assignment; provided, that (A) only one such fee will be payable in connection with simultaneous assignments to two or more
Approved Funds by a Lender, and (B) the Administrative Agent may, in its sole discretion, elect to waive such processing and recordation fee in the case of any assignment. The assignee, if it is not a Lender, shall deliver to the Administrative
Agent an Administrative Questionnaire. 

(v)            No Assignment to Certain
Persons. No such assignment shall be made to (A) the Borrower or any of the Borrower’s Affiliates or Subsidiaries, (B) to any Defaulting Lender or any of its Subsidiaries, or any Person who, upon becoming a Lender hereunder, would
constitute any of the foregoing Persons described in this clause (B) or (C) to any Person who directly provides products or services that are the same or substantially similar to the products or services provided by, and that constitute a material
part of the business of, the Credit Parties taken as a whole. 

(vi)            No Assignment to Natural
Persons. No such assignment shall be made to a natural Person (or a holding company, investment vehicle or trust for, or owned and operated for the primary benefit of, a natural Person) . 

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

Subject to acceptance and recording thereof by the Administrative Agent pursuant to paragraph (c) of this Section, from and after the
Restatement Closing 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 

  
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cease to be a party hereto) but shall continue to be entitled to the benefits of Sections 4.8, 4.9, 4.10, 4.11 and 11.3 with respect to facts and
circumstances occurring prior to the Restatement Closing Date of such assignment; provided, that except to the extent otherwise expressly agreed by the affected parties, no assignment by a Defaulting Lender will constitute a waiver or release of any
claim of any party hereunder arising from that Lender’s having been a Defaulting Lender. Any assignment or transfer by a Lender of rights or obligations under this Agreement that does not comply with this paragraph 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 paragraph (d) of this Section (other than a purported assignment to a natural Person or the Borrower or any of the
Borrower’s Subsidiaries or Affiliates, which shall be null and void). 

(c)        Register. The Administrative Agent, acting solely for this
purpose as a non-fiduciary agent of the Borrower, shall maintain at one of its offices in Charlotte, North Carolina, a copy of each Assignment and Assumption and each Joinder Agreement delivered to it and a register for the recordation of the names
and addresses of the Lenders, and the Commitment of, and principal amounts of (and stated interest on) 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 the Borrower, the Administrative Agent and the Lenders shall 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. The Register shall be available for inspection by the Borrower and any Lender (but only to the extent of entries in the Register that are applicable to such Lender), at any reasonable time and from time to time upon reasonable prior
notice. 
 (d)        Participations. Any Lender may at any time,
without the consent of, or notice to, the Borrower or the Administrative Agent, sell participations to any Person (other than a natural Person (or a holding company, investment vehicle or trust for, or owned and operated for the primary benefit of,
a natural Person), the Borrower or any of the Borrower’s Affiliates or Subsidiaries) (each, a “Participant”) in all or a portion of such Lender’s rights and/or obligations under this Agreement (including all or a portion
of its Commitment and/or the Loans owing to it); provided that (i) such Lender’s obligations under this Agreement shall remain unchanged, (ii) such Lender shall remain solely responsible to the other parties hereto for the
performance of such obligations and (iii) the Borrower, the Administrative Agent, the Issuing Lenders, the Swingline Lender and the other Lenders shall continue to deal solely and directly with such Lender in connection with such Lender’s
rights and obligations under this Agreement. For the avoidance of doubt, each Lender shall be responsible for the indemnity under Section 11.3(c) with respect to any payments made by such Lender to its Participant(s). 

Any agreement or instrument pursuant to which a Lender sells such a participation shall provide that such Lender shall retain
the sole right to enforce this Agreement and to approve any amendment, modification or waiver of any provision of this Agreement; provided that such agreement or instrument may provide that such Lender will not, without the consent of the
Participant, agree to any amendment, modification or waiver described in Section 11.2 that directly and adversely affects such Participant and could not be affected by a vote of the Required Lenders. The Borrower agrees that each
Participant shall be entitled to the benefits of Sections 4.8, 4.9, 4.10 and 4.11 (subject to the requirements and limitations therein, including the requirements of Section 4.11(f) (it being understood that the
documentation required under Section 4.11(f) shall be delivered to the participating Lender)) to the same extent as if it were a 

  
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Lender and had acquired its interest by assignment pursuant to paragraph (b) of this Section; provided that such Participant (A) agrees to be subject to the provisions of Section
4.12 as if it were an assignee under paragraph (b) of this Section and (B) shall not be entitled to receive any greater payment under Sections 4.8, 4.9, 4.10 and 4.11, with respect to such participation, than its
participating Lender would have been entitled to receive, except to the extent such entitlement to receive a greater payment results from a Change in Law that occurs after the Participant acquired the applicable participation. Each Lender that
sells a participation agrees, at the Borrower’s request and expense, to use reasonable efforts to cooperate with the Borrower to effectuate the provisions of Section 4.12(b) with respect to any Participant. To the extent permitted
by law, each Participant also shall be entitled to the benefits of Section 11.4 as though it were a Lender; provided that such Participant agrees to be subject to Section 4.6 as though it were a Lender. 

(e)        Participant Register. Each Lender that sells a participation shall,
acting solely for this purpose as a non-fiduciary agent of the Borrower, maintain a register on which it enters the name and address of each Participant and the principal amounts of (and stated interest on) each Participant’s interest in the
Loans or other obligations under the Loan Documents (the “Participant Register”); provided that no Lender shall have any obligation to disclose all or any portion of the Participant Register (including the identity of any
Participant or any information relating to a Participant’s interest in any commitments, loans, letters of credit or its other obligations under any Loan Document) to any Person except to the extent that such disclosure is necessary to establish
that such commitment, loan, letter of credit or other obligation is in registered form under Section 5f.103-1(c) of the United States Treasury Regulations. 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. 

(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 to secure obligations of such Lender, including without limitation any pledge or assignment to secure obligations to a Federal Reserve Bank; provided that no such
pledge or assignment shall release such Lender from any of its obligations hereunder or substitute any such pledgee or assignee for such Lender as a party hereto. 

SECTION 11.10        Confidentiality. Each of the Administrative Agent,
the Lenders and the Issuing 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, advisors and other representatives (it being understood that the Persons to whom such disclosure is made will be informed of the confidential nature of such Information and instructed to keep such Information
confidential), (b) to the extent requested by, or required to be disclosed to, any rating agency, or regulatory or similar authority purporting to have jurisdiction over it (including any self-regulatory authority, such as the National
Association of Insurance Commissioners), (c) to the extent required by Applicable Laws or regulations or by any subpoena or similar legal process, (d) to any other party hereto, (e) in connection with the exercise of any remedies
under this Agreement or under 

  
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any other Loan Document or any action or proceeding relating to this Agreement or any other Loan Document or the enforcement of rights hereunder or thereunder, (f) subject to an agreement
containing provisions substantially the same as those of this Section, to (i) any assignee of or Participant in, or any prospective assignee of or Participant in, any of its rights or obligations under this Agreement, Participant or proposed
Participant, or (ii) any actual or prospective counterparty (or its advisors) to any swap or derivative transaction relating to the Borrower and its obligations, (g) with the consent of the Borrower, (h) to Gold Sheets and other
similar bank trade publications, such information to consist of deal terms and other information customarily found in such publications, (i) to the extent such Information (x) becomes publicly available other than as a result of a breach
of this Section or (y) becomes available to the Administrative Agent, any Lender, any Issuing Lender or any of their respective Affiliates on a nonconfidential basis from a source other than the Borrower, (j) to governmental
regulatory authorities in connection with any regulatory examination of the Administrative Agent or any Lender or in accordance with the Administrative Agent’s or any Lender’s regulatory compliance policy if the Administrative Agent or
such Lender deems necessary for the mitigation of claims by those authorities against the Administrative Agent or such Lender or any of its subsidiaries or affiliates, (k) on a confidential basis to (i) any rating agency in connection with rating
the Borrower or its Subsidiaries or the Credit Facility or (ii) the CUSIP Service Bureau or any similar agency in connection with the issuance and monitoring of CUSIP numbers with respect to the Credit Facility, or (l) with the consent of the
Borrower, deal terms and other information customarily reported to Thomson Reuters, other bank market data collectors and similar service providers to the lending industry and service providers to the Administrative Agent and the Lenders in
connection with the administration of the Loan Documents. For purposes of this Section, “Information” means all information received from any Credit Party or any Subsidiary thereof relating to any Credit Party or any Subsidiary
thereof or any of their respective businesses, other than any such information that is available to the Administrative Agent, any Lender or any Issuing Lender on a nonconfidential basis prior to disclosure by any Credit Party or any Subsidiary
thereof. Any Person required to maintain the confidentiality of Information as provided in this Section shall be considered to have complied with its obligation to do so if such Person has exercised the same degree of care to maintain the
confidentiality of such Information as such Person would accord to its own confidential information. 
 SECTION
11.11        Performance of Duties. Each of the Credit Party’s obligations under this Agreement and each of the other Loan Documents shall be performed by such Credit Party at its sole cost
and expense. 
 SECTION 11.12        All Powers Coupled with
Interest. All powers of attorney and other authorizations granted to the Lenders, the Administrative Agent and any Persons designated by the Administrative Agent or any Lender pursuant to any provisions of this Agreement or any of the other
Loan Documents shall be deemed coupled with an interest and shall be irrevocable so long as any of the Obligations remain unpaid or unsatisfied, any of the Revolving Credit Commitments remain in effect or the Credit Facility has not been terminated.

 SECTION 11.13        Survival.

(a)        All representations and warranties set forth in
Article VI and all representations and warranties contained in any certificate, or any of the Loan Documents (including, but not 

  
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limited to, any such representation or warranty made in or in connection with any amendment thereto) shall constitute representations and warranties made under this Agreement. All
representations and warranties made under this Agreement shall be made or deemed to be made at and as of the Restatement Closing Date (except those that are expressly made as of a specific date), shall survive the Restatement Closing Date and shall
not be waived by the execution and delivery of this Agreement, any investigation made by or on behalf of the Lenders or any borrowing hereunder. 

(b)        Notwithstanding any termination of this Agreement, the indemnities to which
the Administrative Agent and the Lenders are entitled under the provisions of this Article XI and any other provision of this Agreement and the other Loan Documents shall continue in full force and effect and shall protect
the Administrative Agent and the Lenders against events arising after such termination as well as before. 
 SECTION
11.14        Titles and Captions. Titles and captions of Articles, Sections and subsections in, and the table of contents of, this Agreement are for convenience only, and neither limit nor amplify
the provisions of this Agreement. 
 SECTION 11.15        Severability of
Provisions. Any provision of this Agreement or any other Loan Document which is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective only to the extent of such prohibition or unenforceability
without invalidating the remainder of such provision or the remaining provisions hereof or thereof or affecting the validity or enforceability of such provision in any other jurisdiction. In the event that any provision is held to be so
prohibited or unenforceable in any jurisdiction, the Administrative Agent, the Lenders and the Borrower shall negotiate in good faith to amend such provision to preserve the original intent thereof in such jurisdiction (subject to the approval of
the Required Lenders). 
 SECTION 11.16        Counterparts; Integration;
Effectiveness; Electronic Execution.
 (a)        Counterparts; Integration;
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. This Agreement and the other Loan Documents, and any separate letter agreements with respect to fees payable to the Administrative Agent, the Issuing Lenders, the Swingline Lender and/or the Arrangers constitute the entire contract
among the parties relating to the subject matter hereof and supersede any and all previous agreements and understandings, oral or written, relating to the subject matter hereof. Except as provided in Section 5.1, 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 that, when taken together, bear the signatures of each of the other parties
hereto. Delivery of an executed counterpart of a signature page of this Agreement by facsimile or in electronic (i.e., “pdf” or “tif”) format shall be effective as delivery of a manually executed counterpart of this
Agreement. 
 (b)        Electronic Execution of Assignments. The words
“execution,” “signed,” “signature,” and words of like import in any Assignment and Assumption shall be deemed to include electronic signatures or the keeping of records in electronic form, each of which shall be

  
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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. 

SECTION 11.17    Term of Agreement. This Agreement shall remain in effect from the Restatement
Closing Date through and including the date upon which all Obligations (other than contingent indemnification obligations not then due) arising hereunder or under any other Loan Document shall have been indefeasibly and irrevocably paid and
satisfied in full in cash, all Letters of Credit have been terminated or expired (or Cash Collateralized) or otherwise satisfied in a manner acceptable to the applicable Issuing Lender) and the Revolving Credit Commitment has been
terminated. No termination of this Agreement shall affect the rights and obligations of the parties hereto arising prior to such termination or in respect of any provision of this Agreement which survives such termination. 

SECTION 11.18        USA PATRIOT Act. The Administrative Agent and each
Lender hereby notifies the Borrower that pursuant to the requirements of the PATRIOT Act or any other Anti-Money Laundering Laws, it is required to obtain, verify and record information that identifies the Borrower and Guarantors, which information
includes the name and address of the Borrower and each Guarantor and other information that will allow such Lender to identify the Borrower or Guarantor in accordance with the PATRIOT Act or such Anti-Money Laundering Laws. 

SECTION 11.19        Inconsistencies with Other Documents; Independent
Effect.
 (a)        In the event there is a conflict or inconsistency between
this Agreement and any other Loan Document, the terms of this Agreement shall control; provided that any provision of the Security Documents which imposes additional burdens on the Borrower or any of its Subsidiaries or further restricts the rights
of the Borrower or any of its Subsidiaries or gives the Administrative Agent or Lenders additional rights shall not be deemed to be in conflict or inconsistent with this Agreement and shall be given full force and effect. 

(b)        The Borrower acknowledges and agrees that each covenant contained in
Articles VII and VIII hereof shall be given independent effect. Accordingly, the Borrower shall not engage in any transaction or other act otherwise permitted under any covenant contained in Articles VII and
VIII, before or after giving effect to such transaction or act, the Borrower shall or would be in breach of any other covenant contained in Article VII or VIII. 

SECTION 11.20    No Advisory or Fiduciary Responsibility. 

(a)        In connection with all aspects of each transaction contemplated hereby,
each Credit Party acknowledges and agrees, and acknowledges its Affiliates’ understanding, that (i) the facilities provided for hereunder and any related arranging or other services in connection therewith (including in connection with any
amendment, waiver or other modification hereof or of any other Loan Document) are an arm’s-length commercial transaction between the Borrower and its Affiliates, on the one hand, and the Administrative Agent, the Arrangers and the Lenders,

  
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on the other hand, and the Borrower is capable of evaluating and understanding and understands and accepts the terms, risks and conditions of the transactions contemplated hereby and by the other
Loan Documents (including any amendment, waiver or other modification hereof or thereof), (ii) in connection with the process leading to such transaction, each of the Administrative Agent, the Arrangers and the Lenders is and has been acting solely
as a principal and is not the financial advisor, agent or fiduciary, for the Borrower or any of its Affiliates, stockholders, creditors or employees or any other Person, (iii) none of the Administrative Agent, the Arrangers or the Lenders has
assumed or will assume an advisory, agency or fiduciary responsibility in favor of the Borrower with respect to any of the transactions contemplated hereby or the process leading thereto, including with respect to any amendment, waiver or other
modification hereof or of any other Loan Document (irrespective of whether any Arranger or Lender has advised or is currently advising the Borrower or any of its Affiliates on other matters) and none of the Administrative Agent, the Arrangers or the
Lenders has any obligation to the Borrower or any of its Affiliates with respect to the financing transactions contemplated hereby except those obligations expressly set forth herein and in the other Loan Documents, (iv) the Arrangers and the
Lenders and their respective Affiliates may be engaged in a broad range of transactions that involve interests that differ from, and may conflict with, those of the Borrower and its Affiliates, and none of the Administrative Agent, the Arrangers or
the Lenders has any obligation to disclose any of such interests by virtue of any advisory, agency or fiduciary relationship and (v) the Administrative Agent, the Arrangers and the Lenders have not provided and will not provide any legal,
accounting, regulatory or tax advice with respect to any of the transactions contemplated hereby (including any amendment, waiver or other modification hereof or of any other Loan Document) and the Credit Parties have consulted their own legal,
accounting, regulatory and tax advisors to the extent they have deemed appropriate. 

(b)        Each Credit Party acknowledges and agrees that each Lender, the Arrangers
and any Affiliate thereof may lend money to, invest in, and generally engage in any kind of business with, any of the Borrower, any Affiliate thereof or any other person or entity that may do business with or own securities of any of the foregoing,
all as if such Lender, Arranger or Affiliate thereof were not a Lender or Arranger or an Affiliate thereof (or an agent or any other person with any similar role under the Credit Facilities) and without any duty to account therefor to any other
Lender, the Arrangers, the Borrower or any Affiliate of the foregoing. Each Lender, the Arrangers and any Affiliate thereof may accept fees and other consideration from the Borrower or any Affiliate thereof for services in connection with this
Agreement, the Credit Facilities or otherwise without having to account for the same to any other Lender, the Arrangers, the Parent, the Borrower or any Affiliate of the foregoing. 

SECTION 11.21        Amendment and Restatement; No Novation. This
Agreement constitutes an amendment and restatement of the Existing Credit Agreement, as amended, effective from and after the Restatement Closing Date. The execution and delivery of this Agreement shall not constitute a novation of any
indebtedness or other obligations owing to the Lenders or the Administrative Agent under the Existing Credit Agreement based on facts or events occurring or existing prior to the execution and delivery of this Agreement. On the Restatement
Closing Date, the credit facilities described in the Existing Credit Agreement, as amended, shall be amended, supplemented, modified and restated in their entirety by the facilities described herein, and all loans and other obligations of the
Borrower outstanding as of such date under the Existing Credit Agreement, as amended, shall be deemed to be loans and 

  
 110 

 
obligations outstanding under the corresponding facilities described herein, without any further action by any Person, except that the Administrative Agent shall make such transfers of funds as
are necessary in order that the outstanding balance of such Loans, together with any Loans funded on the Restatement Closing Date, reflect the respective Commitment of the Lenders hereunder. 

SECTION 11.22    Acknowledgement and Consent to Bail-In of EEA 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 EEA 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 an EEA Resolution Authority and agrees and consents to, and acknowledges and agrees to be bound by: 

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

(b)        the effects of any Bail-in Action on any such liability, including, if
applicable: 
 (i)        a reduction in full or in part or
cancellation of any such liability; 
 (ii)        a conversion of
all, or a portion of, such liability into shares or other instruments of ownership in such EEA 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 any EEA Resolution Authority. 
 [Signature pages to
follow] 

  
 111 

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

			
	APOGEE ENTERPRISES, INC., as Borrower
	
	 By: /s/ Gary R.
Johnson                                

	 Name: Gary R. Johnson

	 Title: Vice President and Treasurer

  
 Credit Agreement Signature Page 

 
			
	AGENTS AND LENDERS:
	
	WELLS FARGO BANK, NATIONAL ASSOCIATION, as Administrative Agent, Swingline Lender, Issuing Lender and Lender
	
	 By: /s/ Kara
Treiber                                      

	 Name: Kara Treiber

	 Title: Vice President

  

			
		  	     2

	Credit Agreement Signature Page	  	

 
			
	U.S. BANK NATIONAL ASSOCIATION, as Syndication Agent, Issuing Lender and Lender
	
	By: /s/ Mila
Yakovlev                                    
	Name: Mila Yakovlev
	Title: Vice President

  

			
		  	     3

	Credit Agreement Signature Page	  	

 
			
	COMERICA BANK, as Lender
	
	By: /s/ Mark J.
Leveille                                
	Name: Mark J. Leveille
	Title: Vice President

  

			
		  	     4

	Credit Agreement Signature Page	  	

 
			
	 BMO HARRIS BANK, NA, as Lender

		
	 By:
	 	 /s/ Philip
Sanfilippo                              

	 Name: Philip Sanfilippo

	 Title: Vice President

  

			
		  	     5

	Credit Agreement Signature Page	  	

 
			
	THE NORTHERN TRUST COMPANY, as Lender
	
	By: /s/ Molly
Drennan                                  
	Name: Molly Drennan
	Title: Senior Vice President

  

			
		  	     6

	Credit Agreement Signature Page	  	

 Schedule 1.2 

Revolving Credit Commitments 
  

			
	Lender	  	Revolving Credit Commitment
	 Wells Fargo Bank, National Association
	  	$47,500,000
	 U.S. Bank National Association
	  	$47,500,000
	 BMO Harris Bank, NA
	  	$35,000,000
	 Comerica Bank
	  	$25,000,000
	 The Northern Trust Company
	  	$20,000,000
	 	  	$175,000,000

 Schedule 3.1 

Existing Letters of Credit 
  

																	
	 	  	 	 	  	 	 	  	Notice	 	  	Total Amounts	 
	Letters of Credit	  	Expiration	 	  	LC #	 	  	needed	 	  	Committed	 
					
	 LOC-IRB’s
	  				  				  				  			
	 City of Wausau, Wisconsin
	  	 	7/1/2017	  	  	 	5322-30	  	  	 	90 days	  	  	  $	1,030,137  	  
	 Illinois Development Fiance Authority
	  	 	7/1/2017	  	  	 	5323-30	  	  	 	90 days	  	  	  $	1,030,137  	  
	 City of Faribault, Minnesota
	  	 	7/1/2017	  	  	 	5324-30	  	  	 	90 days	  	  	  $	1,030,137  	  
	 Development Authority of Bulloch County, Georgia
	  	 	7/1/2017	  	  	 	5321-30	  	  	 	90 days	  	  	  $	5,562,740  	  
					
	 Michigan
	  	 	7/1/2017	  	  	 	5719-30	  	  	 	90 days	  	  	  $	10,273,973  	  
					
		  				  				  				  	  
	  
	 
	
Total of Wells 
Fargo LOC - IRB’s-inside facility and not collateralized
	  	 	*these are not an evergreen but you can amend the expiry date	  	  	  $	18,927,124  	  
					
	 One Bryant Park LLC
	  	 	3/31/2031	  	  	 	IS0005520	  	  	 	90 days	  	  	  $	2,500,000  	  
		  				  				  				  	  
	  
	 
		  				  				  				  	  $	2,500,000  	  
					
	 St George Recovery Zone Facility Bond
	  	 	7/1/2017	  	  	 	5361-30	  	  	 	90 days	  	  	  $	2,054,794  	  
		  				  				  				  	  
	  
	 
					
		  				  				  				  	  
	  
	 
		  	 	Total LOC’s issued	  	  	 	23,481,918  	  
		  				  				  				  	  
	  
	 
		  	 	Total LOC’s issued under credit facility	  	  	 	23,481,918  	  
		  				  				  				  	  
	  
	 
					
		  				  				  				  	  
	  
	 
	 Total Wells Fargo
	  				  				  				  	  $	23,481,918  	  
		  				  				  				  	  
	  
	 

 Schedule 6.2 

Subsidiaries 
 Active Subsidiaries

  

			
	 Name:
	  	 Alumicor Limited

	 Jurisdiction of Organization:
	  	 Ontario

	 Owner:
	  	 Borrower (100%)

		
	 Name:
	  	 Apogee Services, Inc.

	 Jurisdiction of Organization:
	  	 Minnesota

	 Owner:
	  	 Harmon, Inc. (100%)

		
	 Name:
	  	 Apogee Wausau Group, Inc.

	 Jurisdiction of Organization:
	  	 Wisconsin

	 Owner:
	  	 Borrower (100%)

		
	 Name:
	  	 Harmon Contract, Inc.

	 Jurisdiction of Organization:
	  	 Minnesota

	 Owner:
	  	 Borrower (100%)

		
	 Name:
	  	 Harmon, Inc.

	 Jurisdiction of Organization:
	  	 Minnesota

	 Owner:
	  	 Borrower (100%)

		
	 Name:
	  	 Tru Vue, Inc.

	 Jurisdiction of Organization:
	  	 Illinois

	 Owner:
	  	 Borrower (100%)

		
	 Name:
	  	 Viracon Georgia, Inc.

	 Jurisdiction of Organization:
	  	 Minnesota

	 Owner:
	  	 Viracon, Inc. (100%)

		
	 Name:
	  	 Viracon, Inc.

	 Jurisdiction of Organization:
	  	 Minnesota

	 Owner:
	  	 Borrower (100%)

		
	 Name:
	  	 Tubelite Inc.

	 Jurisdiction of Organization:
	  	 Michigan

	 Owner:
	  	 Borrower (100%)

		
	 Name:
	  	 Prism Assurance, Ltd.

	 Jurisdiction of Organization:
	  	 Vermont

	 Owner:
	  	 Borrower (100%)

			
	 Name:
	  	 Glassec Vidros de Seguranca Ltda.

	 Jurisdiction of Organization:
	  	 Brazil

	 Owner:
	  	 Viracon, Inc. (99.99%)

		  	 Harmon Contract, Inc. (0.01%)

		
	 Name:
	  	 Tru Vue Netherlands, B .V.

	 Jurisdiction of Organization:
	  	 Netherlands

	 Owner:
	  	 Tru Vue, Inc. (100%)

		
	 Name:
	  	 Viracon Singapore Pte. Ltd.

	 Jurisdiction of Organization:
	  	 Singapore

	 Owner:
	  	 Viracon, Inc. (100%)

 Schedule 6.6 

Litigation; Labor Controversies 

None. 

 Schedule 6.15 

Environmental 
 None. 

 Schedule 8.2 

Liens 
  

							
	Debtor	  	Secured Party	  	Filing Information	  	Collateral
	Apogee Enterprises, Inc	  	Dell Financial Services, L.L.C.	  	 File No. 20011251891

Filed: 8/2/2001
 Lapse Date: 8/2/2021

 
 Continuation Amendment

File No. 20061236652
 Filed: 6/15/2006

 
 Continuation Amendment

File No. 20112495311
 Filed: 7/13/2011

 
 Amendment

File No. 20122827222
 Filed: 5/11/2012

 
 Continuation Amendment

File No. 895783700620
 Filed: 7/20/2016

 
	  	Leased equipment
	Apogee Enterprises, Inc.	  	First American Commercial Bancorp, Inc.	  	 File No. 201018781514

Filed: 1/19/2010
 Lapse Date: 1/19/2020

 
 Continuation Amendment

File No. 801516800028
 Filed: 12/26/2014

 
	  	Leased equipment
	Apogee Enterprises, Inc.	  	First American Commercial Bancorp, Inc.	  	 File No. 201022014201

Filed: 11/2/2010
 Lapse Date: 11/2/2020

 
 Continuation Amendment

File No. 849243000228
 Filed: 10/23/2015

 
	  	Leased equipment

							
	Debtor	  	Secured Party	  	Filing Information	  	Collateral
	 Apogee Enterprises, Inc.

Viracon Georgia, Inc.
 Viracon, Inc.
	  	GE Capital Commercial Inc.	  	 File No. 201123582741

Filed: 3/23/2011
 Lapse Date: 3/23/2021

 
 Amendment

File No. 20143806495
 Filed: 9/29/2014

 
 Amendment

File No. 864607300925

Filed: 1/4/2016
  

Amendment

File No. 864607300949

Filed: 1/4/2016
  

Continuation Amendment

File No. 864607300951

Filed: 1/4/2016
  

Amendment

File No. 864607300963

Filed: 1/4/2016
  
	  	Leased equipment
	Apogee Enterprises, Inc.	  	First American Commercial Bancorp, Inc.	  	 File No. 201124058400

Filed: 4/28/2011
 Lapse Date: 4/28/2016

 
 Amendment

File No. 201221738733
 Filed: 2/27/2012

 
 Amendment

File No. 20122738728

Filed: 2/29/2012
  
	  	Leased equipment
	Apogee Enterprises, Inc.	  	Wells Fargo Bank, National Association, as agent	  	 File No. 201125818477

Filed: 10/12/2011
 Lapse Date: 10/12/2016

 
	  	Leased equipment
	Apogee Enterprises, Inc.	  	Wells Fargo Bank National Association, as agent	  	 File No. 201125834760

Filed: 10/13/2011
 Lapse Date: 10/13/2016

 
	  	Leased equipment

							
	Debtor	  	Secured Party	  	Filing Information	  	Collateral
	Apogee Enterprises, Inc.	  	 Insight Investments, LLC

Wells Fargo Equipment Finance, Inc.
 MB Financial Bank,
N.A.
	  	 File No. 201227586378

Filed: 3/16/2012
 Lapse Date: 3/16/2017

 
 Amendment

File No. 20122842822

Filed: 5/25/2012
  

Amendment

File No. 20133476688

Filed: 12/6/2013
  
	  	Leased equipment
	Apogee Enterprises, Inc.	  	Trimarc Financial, Inc.	  	 File No. 201227724219

Filed: 3/28/2012
 Lapse Date: 3/28/2017

 
	  	Leased equipment
	Apogee Enterprises, Inc.	  	Dell Financial Services L.L.C.	  	 File No. 201229276836

Filed: 8/15/2012
 Lapse Date: 8/15/2017

 
	  	Leased equipment
	 Apogee Enterprises, Inc.

Viracon, Inc.
	  	Wells Fargo Equipment Finance, Inc.	  	 File No. 201230358125

Filed: 11/30/2012
 Lapse Date: 11/30/2017

 
 Amendment

File No. 20123065650

Filed: 12/26/2012
  
	  	Specific equipment
	 Apogee Enterprises, Inc.

Viracon, Inc.
	  	Wells Fargo Equipment Finance, Inc.	  	 File No. 201230361102

Filed: 11/30/2012
 Lapse Date: 11/30/2017

 
 Amendment

File No. 20123065650

Filed: 12/26/2012
  
	  	Specific equipment
	Apogee Enterprises, Inc.	  	Key Equipment Finance Inc.	  	 File No. 201332548540

Filed: 5/30/2013
 Lapse Date: 5/30/2018

 
	  	Leased equipment
	Apogee Enterprises, Inc.	  	PNC Equipment Finance, LLC	  	 File No. 201435855534

Filed: 3/13/2014
 Lapse Date: 3/13/2019

 
	  	Leased equipment
	Apogee Enterprises, Inc.	  	Wisconsin Lift Truck Corp	  	 File No. 201437368005

Filed: 7/23/2014
 Lapse Date: 7/23/2019

 
	  	Specific equipment

							
	Debtor	  	Secured Party	  	Filing Information	  	Collateral
	 Apogee Enterprises, Inc.

Viracon, Inc.
	  	BB&T Equipment Finance Corporation	  	 File No. 201438037599

Filed: 9/25/2014
 Lapse Date: 9/25/2019

 
 Amendment

File No. 798276101033

Filed: 12/9/2014
  
	  	Specific equipment and leased equipment
	Apogee Enterprises, Inc.	  	Key Equipment Finance, a Division of Keybank NA	  	 File No. 201438399716

Filed: 10/29/2014
 Lapse Date: 10/29/2019

 
	  	Leased equipment
	 Apogee Enterprises, Inc.

Viracon, Inc.
	  	BB&T Equipment Finance Corporation	  	 File No. 859144700825

Filed: 12/11/2015
 Lapse Date: 12/11/2020

 
	  	Leased equipment
	Apogee Enterprises, Inc.	  	Wells Fargo Equipment Finance, Inc.	  	 File No. 859528200036

Filed: 12/11/2015
 Lapse Date: 12/11/2020

 
	  	Specific equipment
	 Apogee Enterprises, Inc.

Tubelite Inc.
	  	BB&T Equipment Finance Corporation	  	 File No. 875272702014

Filed: 2/26/2016
 Lapse Date: 2/26/2021

 
	  	Leased equipment
	Apogee Wausau Group, Inc.	  	Citibank, N.A.	  	 File No. 040010269927

Filed: 6/22/2004
 Lapse Date: 6/22/2019

 
 Continuation Amendment

File No. 090003155115

Filed: 3/13/2009
  

Continuation Amendment

File No. 140003720113

Filed: 3/24/2014
  
	  	Accounts receivable from The Stanley Works Co. purchased by Citibank, N.A., per the terms of the Supplier
Agreement between Apogee Wausaw Group, Inc. and Citibank, all N.A.
	Apogee Wausau Group, Inc.	  	Wisconsin Lift Truck Corp	  	 File No. 160010309720

Filed: 8/3/2016
 Lapse Date: 8/3/2021

 
	  	Specific equipment
	Apogee Wausau Group, Inc.	  	Wisconsin Lift Truck Corp	  	 File No. 160010648019

Filed: 8/10/2016
 Lapse Date: 8/10/2021

 
	  	Specific equipment
	Apogee Wausau Group, Inc.	  	Haas Factory Outlet, LLC	  	 File No. 160011780825

Filed: 9/6/2016
 Lapse Date: 9/6/2021

 
	  	Specific equipment

							
	Debtor	  	Secured Party	  	Filing Information	  	Collateral
	Harmon, Inc.	  	First American Commercial Bancorp, Inc.	  	 File No. 201018782151

Filed: 1/19/2010
 Lapse Date: 1/19/2020

 
 Continuation Amendment

File No. 801516800030

Filed: 12/26/2014
  
	  	Leased equipment
	Harmon, Inc.	  	First American Commercial Bancorp, Inc.	  	 File No. 201022014910

Filed: 11/2/2010
 Lapse Date: 11/2/2020

 
 Continuation Amendment

File No. 849243000230

Filed: 10/23/2015
  
	  	Leased equipment
	Harmon, Inc.	  	Toyota Motor Credit Corporation	  	 File No. 201332448032

Filed: 5/21/2013
 Lapse Date: 5/21/2018
	  	Specific equipment
	Harmon, Inc.	  	Toyota Motor Credit Corporation	  	 File No. 201332464161

Filed: 5/22/2013
 Lapse Date: 5/22/2018
	  	Specific equipment
	Harmon, Inc.	  	Toyota Motor Credit Corporation	  	 File No. 201332992457

Filed: 7/3/2013
 Lapse Date: 7/3/2018
	  	Specific equipment
	Harmon, Inc.	  	Kaleida Health	  	 File No. 833212800025

Filed: 7/14/2015
 Lapse Date: 7/14/2020

 
	  	Specific equipment
	Harmon, Inc.	  	Toyota Motor Credit Corporation	  	 File No. 834803000229

Filed: 7/29/2015
 Lapse Date: 7/29/2020
	  	Specific equipment
	Harmon, Inc.	  	Kaleida Health	  	 File No. 836312100028

Filed: 8/11/2015
 Lapse Date: 8/11/2020

 
	  	Specific equipment
	Harmon, Inc.	  	Kaleida Health	  	 File No. 838380800029

Filed: 8/24/2015
 Lapse Date: 8/24/2020
	  	Specific equipment
	Harmon, Inc.	  	Kaleida Health	  	 File No. 844286700025

Filed: 9/29/2015
 Lapse Date: 9/29/2020

 
	  	Specific equipment
	Harmon, Inc.	  	Kaleida Health	  	 File No. 853586200022

Filed: 11/10/2015
 Lapse Date: 11/10/2020
	  	Specific equipment
	Harmon, Inc.	  	Kaleida Health	  	 File No. 867112300027

Filed: 1/14/2016
 Lapse Date: 1/14/2021

 
	  	Specific equipment
	Harmon, Inc.	  	Kaleida Health	  	 File No. 867108800028

Filed: 1/14/2016
 Lapse Date: 1/14/2021

 
	  	Specific equipment

							
	Debtor	  	Secured Party	  	Filing Information	  	Collateral
	Harmon, Inc.	  	Kaleida Health	  	 File No. 869178700027

Filed: 1/26/2016
 Lapse Date: 1/26/2021

 
	  	Specific equipment
	Harmon, Inc.	  	Kaleida Health	  	 File No. 893612600029

Filed: 6/28/2016
 Lapse Date: 6/28/2021

 
	  	Specific equipment
	Harmon, Inc.	  	HYG Financial Services Inc.	  	 File No. 894644500061

Filed: 7/8/2016
 Lapse Date: 7/8/2021

 
	  	Leased equipment
	Tubelite Inc.	  	Crown Credit Company	  	 File No. 2009089332-8

Filed: 6/16/2009
 Lapse Date: 6/16/2019

 
 Continuation Amendment

File No. 2014071913-1

Filed: 5/19/2014
  
	  	Leased equipment
	Tubelite Inc.	  	Alcan Primary Products Company LLC	  	 File No. 2014039878-5

Filed: 3/21/2014
 Lapse Date: 3/21/2019

 
	  	Specific equipment
	Tubelite Inc.	  	De Lage Landen Financial Services, Inc.	  	 File No. 2015081100-2

Filed: 6/8/2015
 Lapse Date: 6/8/2020

 
	  	Leased equipment
	Tubelite Inc.	  	Ice Rentals, Inc.	  	 File No. 2015154180-8

Filed: 11/2/2015
 Lapse Date: 11/2/2020

 
	  	Specific equipment
	 Apogee Enterprises, Inc.

Tubelite Inc.
	  	BB&T Equipment Finance Corporation	  	 File No. 2016026294-6

Filed: 2/26/2016
 Lapse Date: 2/26/2021

 
	  	Leased equipment
	Tru Vue, Inc.	  	First American Commercial Bancorp, Inc.	  	 File No. 13856958

Filed: 12/4/2008
 Lapse Date: 12/4/2038
	  	 Leased equipment
(Filed in connection with a Public-Finance Transaction)
  

	Tru Vue, Inc.	  	Key Equipment Finance Inc.	  	 File No. 18294761

Filed: 5/29/2013
 Lapse Date: 5/29/2018

 
	  	Leased equipment

							
	Debtor	  	Secured Party	  	Filing Information	  	Collateral
	 Viracon, Inc.

Apogee Enterprises, Inc.
 Vircon Georgia, Inc.
	  	GE Capital Commercial Inc.	  	 File No. 201123582741

Filed: 3/23/2011
 Lapse Date: 3/23/2021

 
 Amendment

File No. 20143806495

Filed: 9/29/2014
  

Amendment

File No. 864607300925

Filed: 1/4/2016
  

Amendment

File No. 864607300937

Filed: 1/4/2016
  

Amendment

File No. 864607300949

Filed: 1/4/2016
  

Continuation Amendment

File No. 864607300951

Filed: 1/4/2016
  

Amendment

File No. 864607300963

Filed: 1/4/2016
  
	  	Leased equipment
	Viracon, Inc.	  	Wells Fargo Bank, National Association, as agent	  	 File No. 201125818605

Filed: 10/12/2011
  
	  	Leased equipment
	Viracon, Inc.	  	Toyota Motor Credit Corporation	  	 File No. 201126099003

Filed: 11/7/2011
  
	  	Leased equipment
	Viracon, Inc.	  	Toyota Motor Credit Corporation	  	 File No. 201126164596

Filed: 11/14/2011
  
	  	Leased equipment
	Viracon, Inc.	  	Toyota Motor Credit Corporation	  	 File No. 201126205613

Filed: 11/16/2011
  
	  	Leased equipment
	Viracon, Inc.	  	Toyota Motor Credit Corporation	  	 File No. 201226864051

Filed: 1/13/2012
 Lapse Date: 1/13/2017

 
	  	Leased equipment
	 Viracon, Inc.

Apogee Enterprises, Inc.
	  	Wells Fargo Equipment Finance, Inc.	  	 File No. 201230358125

Filed: 11/30/2012
 Lapse Date: 11/30/2017

 
	  	Specific equipment

							
	Debtor	  	Secured Party	  	Filing Information	  	Collateral
	 Viracon, Inc.

Apogee Enterprises, Inc.
	  	Wells Fargo Equipment Finance, Inc.	  	 File No. 201230361102

Filed: 11/30/2012
 Lapse
Date: 11/30/2017
  
 Amendment

File No. 20123065650

Filed: 12/26/2012
  
	  	Specific equipment
	Viracon, Inc.	  	Key Equipment Finance Inc.	  	 File No. 201332548475

Filed: 5/30/2013
 Lapse
Date: 5/30/2018
  
	  	Leased equipment
	Viracon Inc.	  	Toyota Motor Credit Corporation	  	 File No. 201334339189

Filed: 10/29/2013
 Lapse
Date: 10/29/2018
  
	  	Specific equipment
	Viracon Inc.	  	 CNMC Sub-CDE 27 LLC

And
 MMCDC New Markets Fund XXXIX, LLC

And
 Waveland SUB CDE XXVII, LLC

 
	  	 File No. 201334583121

Filed: 11/19/2013
 Lapse
Date: 11/19/2018
	  	Specific equipment, the Project Funds Account as described in the Construction and Term Loan Agreement dated
November 7, 2013.
	Viracon, Inc.	  	Key Equipment Finance Inc.	  	 File No. 201334936124

Filed: 12/23/2013
 Lapse
Date: 12/23/2018
  
	  	Leased equipment
	 Viracon, Inc.

Apogee Enterprises, Inc.
	  	BB&T Equipment Finance Corporation	  	 File No. 201438037599

Filed: 9/25/2014
 Lapse
Date: 9/25/2019
  
 Amendment

File No. 798276101033

Filed: 12/9/2014
  
	  	Specific and leased equipment
	Viracon Inc.	  	BB&T Equipment Finance Corporation	  	 File No. 859144700825

Filed: 12/11/2015
 Lapse
Date: 12/11/2020
  
	  	Leased equipment

							
	Debtor	  	Secured Party	  	Filing Information	  	Collateral
	Viracon Inc.	  	 CCM Community Development LIX LLC

And
 CCM Community Development LXIII LLC

And
 Wells Fargo Community Development Enterprise

Round 12 Subsidiary 9, LLC
	  	 File No. 893213800032

Filed: 6/23/2016
 Lapse
Date: 6/23/2021
	  	All funds, including all interest earned thereon held in that certain “Controlled Account” described
in that certain pledge and control agreement dated June 23, 2016, all books and records relating to the controlled account, the proceeds and products, whether tangible or intangible, of any of the foregoing including proceeds of insurance covering
any and all of the collateral, and any and all accounts, debtor’s books, money, deposit accounts or other tangible or intangible property resulting from the sale, exchange, collections or other disposition of any of the foregoing.
	Viracon, Inc.	  	 CCM Community Development LIX LLC

And
 CCM Community Development LXIII LLC

And
 Wells Fargo Community Development Enterprise

Round 12 Subsidiary 9, LLC
  
	  	 File No. 893213800044

Filed: 6/23/2016
 Lapse
Date: 6/23/2021
	  	The assets of the debtor used at or in connection with real property commonly known as 300, 500, and 800 Park
Drive, Owatonna, MN
	Viracon, Inc.	  	 CCM Community Development LIX LLC

And
 CCM Community Development LXIII LLC

And
 Wells Fargo Community Development Enterprise

Round 12 Subsidiary 9, LLC
  
	  	 File No. A000408296

Filed: 6/29/2016
 Lapse
Date: 6/29/2021
	  	The assets used at or in connection with that certain real estate commonly known as 300, 500, and 800 Park
Drive, Owatonna, MN

							
	Debtor	  	Secured Party	  	Filing Information	  	Collateral
	 Viracon Georgia, Inc.

Viracon, Inc.
	  	GE Capital Commercial Inc.	  	 File No. 201123582741

Filed: 3/23/2011
 Lapse
Date: 3/23/2021
  
 Amendment

File No. 20143806495

Filed: 9/29/2014
  

Amendment

File No. 864607300925

Filed: 1/4/2016
  

Amendment

File No. 864607300937

Filed: 1/4/2016
  

Amendment

File No. 864607300949

Filed: 1/4/2016
  

Continuation Amendment

File No. 864607300951

Filed: 1/4/2016
  

Amendment

File No. 864607300963

Filed: 1/4/2016
  
	  	Leased equipment

 Schedule 8.3 

Indebtedness 
  

													
	Documentation	  	 	  	Obligor	  	Type of
Credit	  	Transaction	  	Balance at 8/27/16
from 10Q	 
						
	Loan Agreement Between Development Authority of Bullock County and Apogee Enterprises, Inc., Dated 1-Jun-99	  	*	  	Apogee Enterprises,
Inc.	  	N/A	  	Industrial Development Revenue Bonds Issued by Bulloch County, Georgia	  	 	$5,400,000.00	  
						
	Loan Agreement Between City of Faribault, Minnesota and Apogee Enterprises, Inc., Dated July 1, 2001	  	*	  	Apogee Enterprises,
Inc.	  	N/A	  	Industrial Development Revenue Bonds Issued by City of Faribault, Minnesota	  	 	$1,000,000.00	  
						
	Loan Agreement between The Illinois Development Finance Authority and Apogee Enterprises, Inc., Dated August 1, 2001	  	*	  	Apogee Enterprises,
Inc.	  	N/A	  	Industrial Development Revenue Bonds Issued by Illinois Development Finance Authority	  	 	$1,000,000.00	  
						
	Loan Agreement Between City of Wausau, Wisconsin and Apogee Enterprises, Inc. Dated March 1, 2002	  	*	  	Apogee Enterprises,
Inc.	  	N/A	  	Industrial Development Revenue Bonds Issued by City of Wausau, Wisconsin	  	 	$1,000,000.00	  
						
	Loan Agreement Between City of St. George, Utah and Apogee Enterprises, Inc. Dated April 6, 2010	  	*	  	Apogee Enterprises,
Inc.	  	N/A	  	Industrial Development Revenue Bonds Issued by City of St. George, Utah	  	 	$2,000,000.00	  
						
	Loan Agreement Between City of Troy, Michigan and Apogee Enterprises, Inc. Dated April 18, 2012	  	*	  	Apogee Enterprises,
Inc.	  	N/A	  	Industrial Development Revenue Bonds Issued by City of Troy, Michigan	  	 	$10,000,000.00	  

 Schedule 8.8 

Transactions with Affiliates 

None. 

 EXHIBIT A-1 

REVOLVING CREDIT NOTE 
  

			
	 $                
	  	November 2, 2016

 FOR VALUE RECEIVED, the undersigned, Apogee Enterprises, Inc., a Minnesota corporation (the
“Borrower”), promises to pay to the order of                      (the “Lender”), at the place and times
provided in the Credit Agreement referred to below, the principal sum of                      DOLLARS
($                ) or, if less, the unpaid principal amount of all Revolving Credit Loans made by the Lender from time to time pursuant to that certain Second
Amended and Restated Credit Agreement, dated as of November 2, 2016 (as amended, restated, amended and restated, supplemented or otherwise modified from time to time, the “Credit Agreement”) by and among the Borrower, the Lenders
who are or may become a party thereto, as Lenders, and Wells Fargo Bank, National Association, as Administrative Agent. Capitalized terms used herein and not defined herein shall have the meanings assigned thereto in the Credit Agreement. 

The unpaid principal amount of this Revolving Credit Note from time to time outstanding is subject to repayment and mandatory
repayment from time to time as provided in the Credit Agreement and shall bear interest as provided in Section 4.1 of the Credit Agreement. All payments of principal and interest on this Revolving Credit Note shall be payable in lawful currency
of the United States in immediately available funds to the account designated in the Credit Agreement. 
 This Revolving
Credit Note is entitled to the benefits of, and evidences Obligations incurred under, the Credit Agreement, to which reference is made for a description of the security for this Revolving Credit Note and for a statement of the terms and conditions
on which the Borrower is permitted and required to make prepayments and repayments of principal of the Obligations evidenced by this Revolving Credit Note and on which such Obligations may be declared to be immediately due and payable. 

THIS REVOLVING CREDIT NOTE SHALL BE GOVERNED BY, CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK,
INCLUDING SECTION 5-1401 AND SECTION 5-1402 OF THE GENERAL OBLIGATIONS LAW OF THE STATE OF NEW YORK, WITHOUT REFERENCE TO THE CONFLICTS OR CHOICE OF LAW PRINCIPLES THEREOF. 

The Borrower hereby waives all requirements as to diligence, presentment, demand of payment, protest and (except as required
by the Credit Agreement) notice of any kind with respect to this Revolving Credit Note. 

 IN WITNESS WHEREOF, the undersigned has executed this Revolving Credit Note as of
the day and year first above written. 
  

			
	APOGEE ENTERPRISES, INC.
	
	
By:                      
                                         
        

		 	
Name:                      
                                     

		 	
Title:                      
                                       

 EXHIBIT A-2 

SWINGLINE NOTE 
  

			
	 $                
	  	November 2, 2016

 FOR VALUE RECEIVED, the undersigned, Apogee Enterprises, Inc., a Minnesota corporation (the
“Borrower”), promises to pay to the order of Wells Fargo Bank, National Association (the “Lender”), at the place and times provided in the Credit Agreement referred to below, the principal sum of
                 DOLLARS ($                ) or, if less, the principal
amount of all Swingline Loans made by the Lender from time to time pursuant to that certain Second Amended and Restated Credit Agreement, dated as of November 2, 2016 (as amended, restated, amended and restated, supplemented or otherwise modified
from time to time, the “Credit Agreement”) by and among the Borrower, the Lenders who are or may become a party thereto, as Lenders, and Wells Fargo Bank, National Association, as Administrative Agent. Capitalized terms used
herein and not defined herein shall have the meanings assigned thereto in the Credit Agreement. 
 The unpaid principal
amount of this Swingline Note from time to time outstanding is subject to repayment and mandatory repayment from time to time as provided in the Credit Agreement and shall bear interest as provided in Section 4.1 of the Credit
Agreement. Swingline Loans refunded as Revolving Credit Loans in accordance with Section 2.2(b) of the Credit Agreement shall be payable by the Borrower as Revolving Credit Loans pursuant to the Revolving Credit Notes, and shall not be payable
under this Swingline Note as Swingline Loans. All payments of principal and interest on this Swingline Note shall be payable in lawful currency of the United States in immediately available funds to the account designated in the Credit
Agreement. 
 This Swingline Note is entitled to the benefits of, and evidences Obligations incurred under, the Credit
Agreement, to which reference is made for a description of the security for this Swingline Note and for a statement of the terms and conditions on which the Borrower is permitted and required to make prepayments and repayments of principal of the
Obligations evidenced by this Swingline Note and on which such Obligations may be declared to be immediately due and payable. 

THIS SWINGLINE NOTE SHALL BE GOVERNED BY, CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK,
INCLUDING SECTION 5-1401 AND SECTION 5-1402 OF THE GENERAL OBLIGATIONS LAW OF THE STATE OF NEW YORK, WITHOUT REFERENCE TO THE CONFLICTS OR CHOICE OF LAW PRINCIPLES THEREOF. 

The Borrower hereby waives all requirements as to diligence, presentment, demand of payment, protest and (except as required
by the Credit Agreement) notice of any kind with respect to this Swingline Note. 

 IN WITNESS WHEREOF, the undersigned has executed this Swingline Note under seal
as of the day and year first above written. 
  

			
	APOGEE ENTERPRISES, INC.
	
	
By:                      
                                         
        

		 	
Name:                      
                                     

		 	
Title:                      
                                       

  
 2 

 EXHIBIT A-3 

TERM LOAN NOTE 
  

			
	 $                
	  	                    , 20    

 FOR VALUE RECEIVED, the undersigned, Apogee Enterprises, Inc., a Minnesota corporation (the
“Borrower”), promises to pay to the order of                      (the “Lender”), at the place and times
provided in the Credit Agreement referred to below, the principal sum of                      DOLLARS
($                ) or, if less, the unpaid principal amount of all Term Loans made by the Lender from time to time pursuant to that certain Second Amended and
Restated Credit Agreement, dated as of November 2, 2016 (as amended, restated, amended and restated, supplemented or otherwise modified from time to time, the “Credit Agreement”) by and among the Borrower, the Lenders who are or may
become a party thereto, as Lenders, and Wells Fargo Bank, National Association, as Administrative Agent. Capitalized terms used herein and not defined herein shall have the meanings assigned thereto in the Credit Agreement. 

The unpaid principal amount of this Term Loan Note from time to time outstanding is subject to repayment and mandatory
repayment from time to time as provided in the Credit Agreement and shall bear interest as provided in Section 4.1 of the Credit Agreement. All payments of principal and interest on this Term Loan Note shall be payable in lawful currency of the
United States in immediately available funds to the account designated in the Credit Agreement. 
 This Term Loan Note is
entitled to the benefits of, and evidences Obligations incurred under, the Credit Agreement, to which reference is made for a description of the security for this Term Loan Note and for a statement of the terms and conditions on which the Borrower
is permitted and required to make prepayments and repayments of principal of the Obligations evidenced by this Term Loan Note and on which such Obligations may be declared to be immediately due and payable. 

THIS TERM LOAN NOTE SHALL BE GOVERNED BY, CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK,
INCLUDING SECTION 5-1401 AND SECTION 5-1402 OF THE GENERAL OBLIGATIONS LAW OF THE STATE OF NEW YORK, WITHOUT REFERENCE TO THE CONFLICTS OR CHOICE OF LAW PRINCIPLES THEREOF. 

The Borrower hereby waives all requirements as to diligence, presentment, demand of payment, protest and (except as required
by the Credit Agreement) notice of any kind with respect to this Term Loan Note. 

 IN WITNESS WHEREOF, the undersigned has executed this Term Loan Note as of the
day and year first above written. 
  

			
	APOGEE ENTERPRISES, INC.
	
	
By:                      
                                         
        

		 	
Name:                      
                                     

		 	
Title:                      
                                       

  
 2 

 EXHIBIT B 

NOTICE OF BORROWING 
 Dated
as of:                     

Wells Fargo Bank, National Association, 

as Administrative Agent 
 1525
West W.T. Harris Blvd. 
 Charlotte, NC 28262 

Attention of: Syndication Agency Services 

Ladies and Gentlemen: 

This irrevocable Notice of Borrowing is delivered to you pursuant to Section 2.3 of the Second Amended and Restated Credit
Agreement dated as of November 2, 2016 (as amended, restated, amended and restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), by and among Apogee Enterprises, Inc., a Minnesota corporation (the
“Borrower”), the lenders who are or may become party thereto, as Lenders, and Wells Fargo Bank, National Association, as Administrative Agent. 

1.        The Borrower hereby requests that the Lenders make a [Revolving
Credit Loan] [Swingline Loan] to the Borrower in the aggregate principal amount of $___________. (Complete with an amount in accordance with Section 2.3 of the Credit
Agreement.) 

2.        The Borrower hereby requests that such Loan be made on the following
Business Day:                     . (Complete with a Business Day in
accordance with Section 2.3 of the Credit Agreement). 

3.        The Borrower hereby requests that such Loan bear interest at the following
interest rate, plus the Applicable Margin, as set forth below: 
  

							
	 Component
 of Loan
	  	Interest Rate	  	 Interest Period
 (LIBOR

Rate only)
	  	 Termination Date for
Interest Period

(if applicable)

							
	 	  	 [Base Rate or LIBOR
 Rate]1
	  	 	  	 

 4.        The aggregate principal amount
of all Loans and L/C Obligations outstanding as of the date hereof (including the Loan requested herein) does not exceed the maximum amount permitted to be outstanding pursuant to the terms of the Credit Agreement.

5.        All of the conditions applicable to the Loan requested herein as set forth
in the Credit Agreement have been satisfied as of the date hereof and will remain satisfied to the date of such Loan. 

6.        Capitalized terms used herein and not defined herein shall have the meanings
assigned thereto in the Credit Agreement. 
 [Signature Page Follows] 

 
  

	1 	 Complete with (i) the Base Rate or the LIBOR Rate for Revolving Credit Loans or (ii) the Base Rate for
Swingline Loans. 

 IN WITNESS WHEREOF, the undersigned has executed this Notice of Borrowing as of
the day and year first written above. 
  

			
	Apogee Enterprises, Inc.
	
	
By:                      
                                         
        

		 	
Name:                      
                                     

		 	
Title:                      
                                       

 EXHIBIT C 

NOTICE OF ACCOUNT DESIGNATION 

Dated as of:                  

Wells Fargo Bank, National Association, 

as Administrative Agent 
 1525
West W.T. Harris Blvd. 
 Charlotte, NC 28262 

Attention of: Syndication Agency Services 

Ladies and Gentlemen: 

This Notice of Account Designation is delivered to you pursuant to Section 2.3(b) of the Second Amended and Restated Credit
Agreement dated as of November 2, 2016 (as amended, restated, amended and restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), by and among Apogee Enterprises, Inc., a Minnesota corporation (the
“Borrower”), the lenders who are or may become party thereto, as Lenders, and Wells Fargo Bank, National Association, as Administrative Agent. 

1.        The Administrative Agent is hereby authorized to disburse all Loan proceeds
into the following account(s): 
  

					
		 	  
	 	
		 	
ABA Routing Number:                  
      
	 	
		 	
Account Number:                   
              
	 	

 2.        This authorization shall remain in effect
until revoked or until a subsequent Notice of Account Designation is provided to the Administrative Agent. 

3.        Capitalized terms used herein and not defined herein shall have the meanings
assigned thereto in the Credit Agreement. 
 [Signature Page Follows] 

 IN WITNESS WHEREOF, the undersigned has executed this Notice of Account
Designation as of the day and year first written above. 
  

			
	 Apogee Enterprises, Inc.

	
	
By:                      
                                         
        

		 	
Name:                      
                                     

		 	
Title:                      
                                       

 EXHIBIT D 

NOTICE OF PREPAYMENT 

Dated as of:                     

 Wells Fargo Bank, National Association, 

as Administrative Agent 
 1525
West W.T. Harris Blvd. 
 Charlotte, NC 28262 

Attention of: Syndication Agency Services 

Ladies and Gentlemen: 

This irrevocable Notice of Prepayment is delivered to you pursuant to Section 2.4(c) of the Amended and Restated Credit
Agreement dated as of November 2, 2016 (as amended, restated, amended and restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), by and among Apogee Enterprises, Inc., a Minnesota corporation (the
“Borrower”), the lenders who are or may become party thereto, as Lenders, and Wells Fargo Bank, National Association, as Administrative Agent. 

1.        The Borrower
hereby provides notice to the Administrative Agent that it shall prepay the following [Base Rate Loans] and/or [LIBOR Rate Loans] in the following amount:
                            . (Complete with an amount in accordance with Section 2.4 of the Credit Agreement.)

2.        The Loan to be prepaid is a [check each applicable box] 

☐        Swingline Loan 

☐        Revolving Credit Loan 

☐        Term Loan 

3.        The Borrower shall prepay the above-referenced Loans on the following
Business Day:                             .
(Complete with a date no earlier than (i) the same Business Day as of the date of this Notice of Prepayment with respect to any Swingline Loan or Base Rate Loan and (ii) three (3) Business
Days subsequent to date of this Notice of Prepayment with respect to any LIBOR Rate Loan.) 

4.        Capitalized terms used herein and not defined herein shall have the meanings
assigned thereto in the Credit Agreement. 
 [Signature Page Follows] 

 IN WITNESS WHEREOF, the undersigned has executed this Notice of Prepayment as of
the day and year first written above. 
  

			
	Apogee Enterprises, Inc.
	
	
By:                      
                                         
               

		 	
Name:                      
                                         
    

		 	
Title:                      
                                         
      

 EXHIBIT E 

NOTICE OF CONVERSION/CONTINUATION 

Dated as of:
                             

Wells Fargo Bank, National Association, 

as Administrative Agent 
 1525
West W.T. Harris Blvd. 
 Charlotte, NC 28262 

Attention of: Syndication Agency Services 

Ladies and Gentlemen: 

This irrevocable Notice of Conversion/Continuation (this “Notice”) is delivered to you pursuant to Section
4.2 of the Second Amended and Restated Credit Agreement dated as of November 2, 2016 (as amended, restated, amended and restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), by and among Apogee
Enterprises, Inc., a Minnesota corporation (the “Borrower”), the lenders who are or may become party thereto, as Lenders, and Wells Fargo Bank, National Association, as Administrative Agent. 

1.        The Loan to which this Notice relates is a [Revolving Credit] [Term]
Loan. 
 2.        This Notice is submitted for the purpose of: (Check one and complete applicable information in accordance with the Credit Agreement.) 

 

	 	0.	 Converting all or a portion of a Base Rate Loan into a LIBOR Rate Loan 

 

	 	(a)	 The aggregate outstanding principal balance of such Loan is
$                            . 

 

	 	(b)	 The principal amount of such Loan to be converted is
$                            .

 

	 	(c)	 The requested effective date of the conversion of such Loan is
                            . (complete with a Business day)

  

	 	(d)	 The requested Interest Period applicable to the converted Loan is
                            .

	 	0	 Converting a portion of LIBOR Rate Loan into a Base Rate Loan 

 

	 	(a)	 The aggregate outstanding principal balance of such Loan is
$                            . 

 

	 	(b)	 The last day of the current Interest Period for such Loan is
                            . 

 

	 	(c)	 The principal amount of such Loan to be converted is
$                            .

 

	 	(d)	 The requested effective date of the conversion of such Loan is
                            . (complete with a Business day)

  

	 	0	 Continuing all or a portion of a LIBOR Rate Loan as a LIBOR Rate Loan 

 

	 	(a)	 The aggregate outstanding principal balance of such Loan is
$                            . 

 

	 	(b)	 The last day of the current Interest Period for such Loan is
                            . 

 

	 	(c)	 The principal amount of such Loan to be continued is
$                            .

 

	 	(d)	 The requested effective date of the continuation of such Loan is
                            . (complete with a Business day)

  

	 	(e)	 The requested Interest Period applicable to the continued Loan is
                            .

3.          The aggregate principal amount of all Loans and L/C Obligations
outstanding as of the date hereof does not exceed the maximum amount permitted to be outstanding pursuant to the terms of the Credit Agreement.

4.          All of the conditions applicable to the conversion or
continuation of the Loan requested herein as set forth in the Credit Agreement have been satisfied or waived as of the date hereof and will remain satisfied or waived to the date of such conversion or continuation. 

5.          Capitalized terms used herein and not defined herein shall have
the meanings assigned thereto in the Credit Agreement. 
 [Signature Page Follows] 

  
 2 

 IN WITNESS WHEREOF, the undersigned has executed this Notice of
Conversion/Continuation as of the day and year first written above. 
  

			
	Apogee Enterprises, Inc.
	
	
By:                      
                                         
        

		 	
Name:                      
                                     

		 	
Title:                      
                                       

  
 3 

 EXHIBIT F 

OFFICER’S COMPLIANCE CERTIFICATE 

The undersigned, on behalf of Apogee Enterprises, Inc., a corporation organized under the laws of Minnesota (the
“Borrower”), hereby certifies to the Administrative Agent and the Lenders, each as defined in the Credit Agreement referred to below, as follows: 

1.        This certificate is delivered to you pursuant to Section 7.1 of the Second
Amended and Restated Credit Agreement dated as of November 2, 2016 (as amended, restated, amended and restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), by and among the Borrower, the lenders
who are or may become party thereto, as Lenders, and Wells Fargo Bank, National Association, as Administrative Agent. Capitalized terms used herein and not defined herein shall have the meanings assigned thereto in the Credit Agreement. 

2.        I have reviewed the financial statements of the Borrower and its
Subsidiaries dated as of                              and for the
                             period[s] then ended and such statements fairly present in all material
respects the financial condition of the Borrower and its Subsidiaries as of the dates indicated and the results of their operations and cash flows for the period[s] indicated. 

3.        I have reviewed the terms of the Credit Agreement, and the related Loan
Documents and have made, or caused to be made under my supervision, a review in reasonable detail of the transactions and the condition of the Borrower and its Subsidiaries during the accounting period covered by the financial statements referred to
in Paragraph 2 above. Such review has not disclosed the existence during or at the end of such accounting period of any condition or event that constitutes a Default or an Event of Default, nor do I have any knowledge of the existence of any
such condition or event as at the date of this certificate [except, if such condition or event existed or exists, describe the nature and period of existence thereof and what action the Borrower has taken, is taking and proposes to take with
respect thereto]. 
 4.        The Applicable Margin, the Commitment Fee Rate
and calculations determining such figures are set forth on the attached Schedule 1, the Borrower and its Subsidiaries are in compliance with the financial covenants contained in Article VIII of the Credit Agreement as shown on such
Schedule 1 and the Borrower and its Subsidiaries are in compliance with the other covenants and restrictions contained in the Credit Agreement. 

[Signature Page Follows] 

 WITNESS the following signature as of the day and year first written above. 

 

	
	Apogee Enterprises, Inc.
	
	
By:                      
                                         
        

	
      Name:                
                                         
  

	
      Title:                
                                         
    

  
 2 

 Schedule 1 

to 
 Officer’s Compliance
Certificate 
  

							
	1.    	  	 Maximum Leverage Ratio (Section 8.11(a))
	  	
			
		  	 The ratio of:
	  	
				
		  	(i)	  	Funded Debt	  	
				
		  	*	  	  
 All consolidated Funded Debt (as defined in the Credit Agreement) of
Borrower and its Subsidiaries
	  	$
				
		  		  	Excluding: any cash held to secure Indebtedness in respect of any letter of credit set forth on Schedule 8.3 or incurred pursuant to Section 8.3(g), to the extent such letter of credit supports industrial revenue bond obligations
owing by the Borrower or any of its Domestic Subsidiaries	  	$
				
		  		  		  	 $                     

		  		  		  	  

				
		  	 to
	  		  	
				
		  	 (ii)
	  	 EBITDA
	  	

							
				
		  	*	  	Consolidated net income of the Borrower before subtracting Consolidated income taxes, Interest Expense, depreciation, and amortization for the four most recent fiscal quarters.	  	$
				
		  		  	Excluding:	  	
				
		  	 *
	  	Income, expenses and charges relating to discontinued operations (whether resulting in a net positive or a net negative)	  	$
				
		  	 *
	  	Extraordinary non-cash charges, to the extent such charges are less than $15,000,000 in any 12-month period and are less than $30,000,000 in the aggregate between the Original Closing Date and the Maturity Date	  	$
				
		  		  	Subtracting or adding, as the case may be:	  	
				
		  	 *
	  	The EBITDA attributable to any acquired or divested business on a pro forma basis	  	$
				
		  		  	Total EBITDA	  	$
				
		  		  		  	  

				
		  		  	Equals	  	
				
		  	 (iii)
	  	Leverage Ratio on the Period-End Date	  	
		  		  		  	  

			
		  	 Maximum Permitted Leverage Ratio
	  	3.25
			
		  	 COMPLIANCE STATUS
	  	[OK][Default]

  
 2 

							
		  	 PRICING LEVEL 

		  		  	  

			
	2.	  	 Interest Coverage Ratio (Section 8.11(b))
	  	
			
		  	 The ratio of
	  	
		  		  	  

			
		  	 (i) EBITDA (as determined above)
	  	$
			
		  	 to
	  	
			
		  	 (ii) interest expense
	  	$
			
		  	 (iii)         Interest Coverage ratio on the
period-end date
	  	
			
		  	 Minimum Permitted Interest Coverage Ratio
	  	3.00
			
		  		  	  

			
		  	 COMPLIANCE STATUS
	  	[OK][Default]

  

  
 3 

 EXHIBIT G 

ASSIGNMENT AND ASSUMPTION 

This Assignment and Assumption (the “Assignment and Assumption”) is dated as of the Effective Date set forth
below and is entered into by and between [INSERT NAME OF ASSIGNOR] (the “Assignor”) and the parties identified on the Schedules hereto and [the]
[each]2 Assignee identified on the Schedules hereto as “Assignee” or as “Assignees” (collectively, the “Assignees” and each an
“Assignee”). [It is understood and agreed that the rights and obligations of [the Assignees]3 hereunder are several and not joint.]4 Capitalized terms used but not defined herein shall have the meanings given to them in the Credit Agreement identified below (as amended, restated, amended and restated, supplemented or otherwise
modified from time to time, the “Credit Agreement”), receipt of a copy of which is hereby acknowledged by [the] [each] each Assignee. The Standard Terms and Conditions set forth in Annex 1 (the
“Standard Terms and Conditions”) attached hereto are hereby agreed to and incorporated herein by reference and made a part of this Assignment and Assumption as if set forth herein in full. 

For an agreed consideration, the Assignor hereby irrevocably sells and assigns to [the Assignee] [the respective
Assignees], and [the] [each] Assignees hereby irrevocably purchases and assumes from the Assignor, subject to and in accordance with the Standard Terms and Conditions and the Credit Agreement, as of the Effective Date
inserted by the Administrative Agent as contemplated below (i) all of the Assignor’s rights and obligations in its capacity as a Lender under the Credit Agreement and any other documents or instruments delivered pursuant thereto to the extent
related to the amount and percentage interest identified below of all of such outstanding rights and obligations of the Assignor under the respective facilities identified below (including without limitation any letters of credit, guarantees, and
swingline loans included in such facilities) and (ii) to the extent permitted to be assigned under applicable law, all claims, suits, causes of action and any other right of the Assignor (in its capacity as a Lender) against any Person, whether
known or unknown, arising under or in connection with the Credit Agreement, any other documents or instruments delivered pursuant thereto or the loan transactions governed thereby or in any way based on or related to any of the foregoing, including,
but not limited to, contract claims, tort claims, malpractice claims, statutory claims and all other claims at law or in equity related to the rights and obligations sold and assigned pursuant to clause (i) above (the rights and obligations sold and
assigned to [the] [any] Assignee pursuant to clauses (i) and (ii) above being referred to herein collectively as, [the] [an] “Assigned Interest”). Each such sale and assignment is
without recourse to the Assignor and, except as expressly provided in this Assignment and Assumption, without representation or warranty by the Assignor. 
  

 
  

2 For bracketed language here and elsewhere in this form relating to the Assignee(s), if
the assignment is to a single Assignee, choose the first bracketed language. If the assignment is to multiple Assignees, choose the second bracketed language. 

3 Select as appropriate. 

4 Include bracketed language if there are either multiple Assignors or multiple Assignees.

  
 1 

					
	 1.
	  	 Assignor:
	  	 [INSERT NAME OF ASSIGNOR]

			
	 2.
	  	 Assignee(s):
	  	 See Schedules attached hereto

			
	 3.
	  	 Borrower:
	  	 Apogee Enterprises, Inc.

			
	 4.
	  	 Administrative Agent:    
	  	 Wells Fargo Bank, National Association, as the administrative agent under the Credit
Agreement

			
	 5.
	  	 Credit Agreement:
	  	 The Second Amended and Restated Credit Agreement dated as of November 2, 2016 among Apogee Enterprises,
Inc., as Borrower, the Lenders parties thereto, as Lenders, and Wells Fargo Bank, National Association, as Administrative Agent (as amended, restated, amended and restated, supplemented or otherwise modified)

			
	 6.
	  	 Assigned Interest:
	  	 See Schedules attached hereto

			
	 [7.    
	  	 Trade Date:
	  	
                       
     ]5

 [Remainder of Page Intentionally Left Blank] 

 
  
  

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

  
 2 

 Effective
Date:                          , 20     [TO BE INSERTED BY THE
ADMINISTRATIVE AGENT AND WHICH SHALL BE THE EFFECTIVE DATE OF RECORDATION OF TRANSFER IN THE REGISTER THEREFOR.] 
 The terms set
forth in this Assignment and Assumption are hereby agreed to: 
  

	
	 ASSIGNOR

	 [NAME OF ASSIGNOR]

	
	
By:                      
                                         
        

	      Title:

	
	 ASSIGNEES

	
	 See Schedules attached hereto

  
 3 

	
	[Consented to and]6 Accepted:
	
	WELLS FARGO BANK, NATIONAL ASSOCIATION,

	
	as Administrative Agent
	
	By                                      
                              
	  Title:
	
	[Consented to:]7
	
	APOGEE ENTERPRISES, INC.
	
	By                                      
                              
	  Title:

  
  
  

 
  
  

 

	6 	To be added only if the consent of the Administrative Agent and/or the Swingline Lender and Issuing Lender is required by the terms of the Credit Agreement. May also use a Master Consent. 

	7 	To be added only if the consent of the Borrower is required by the terms of the Credit Agreement. May also use a Master Consent. 

  
 4 

 SCHEDULE 1 

To Assignment and Assumption 
 By
its execution of this Schedule, the Assignee agrees to the terms set forth in the attached Assignment and Assumption. 
 Assigned Interests: 

 

									
	 Facility

Assigned
	  	 Aggregate

Amount of Commitment/
  

Loans for all Lenders8

 
	  	 Amount of
Commitment/
  
 Loans Assigned9
	  	 Percentage Assigned of
Commitment/
  
 Loans10
	  	CUSIP Number
	Revolving Credit Facility	  	$	  	$	  	%	  	 
	 Term Loan Facility

 
	  	$	  	$	  	%	  	 
	 	  	 $

 
	  	$	  	%	  	 

  
  

	
	[NAME OF ASSIGNEE]11
	[and is an Affiliate/Approved Fund of [identify Lender]12]
	
	
By:                      
                                  

	   Title:

  
  
  

 
  

 

8   Amount to be adjusted by the counterparties to take into account any payments or prepayments
made between the Trade Date and the Effective Date. 
 9   Amount to be adjusted by the
counterparties to take into account any payments or prepayments made between the Trade Date and the Effective Date. 
 10   Set forth, to at least 9 decimals, as a percentage of the Commitment/Loans of all Lenders thereunder. 

11   Add additional signature blocks, as needed. 

12   Select as applicable. 

  
 5 

 ANNEX 1 

to Assignment and Assumption 

STANDARD TERMS AND CONDITIONS FOR 

ASSIGNMENT AND ASSUMPTION 

1.        Representations and Warranties.

1.1        Assignor. The Assignor (a) represents and warrants that (i) it
is the legal and beneficial owner of the Assigned Interest, (ii) the Assigned Interest is free and clear of any lien, encumbrance or other adverse claim and (iii) it has full power and authority, and has taken all action necessary, to execute and
deliver this Assignment and Assumption and to consummate the transactions contemplated hereby; and (b) assumes no responsibility with respect to (i) any statements, warranties or representations made in or in connection with the Credit Agreement or
any other Loan Document, (ii) the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Loan Documents or any collateral thereunder, (iii) the financial condition of the Borrower, any of its Subsidiaries or
Affiliates or any other Person obligated in respect of any Loan Document or (iv) the performance or observance by the Borrower, any of its Subsidiaries or Affiliates or any other Person of any of their respective obligations under any Loan Document.

 1.2.        Assignee[s]. [The]
[Each] Assignee (a) represents and warrants that (i) it has full power and authority, and has taken all action necessary, to execute and deliver this Assignment and Assumption and to consummate the transactions contemplated hereby and to
become a Lender under the Credit Agreement, (ii) it meets all the requirements to be an assignee under Section 11.9(b)(iii), (v) and (vi) of the Credit Agreement (subject to such consents, if any, as may be required under Section 11.9(b)(iii) of the
Credit Agreement), (iii) from and after the Effective Date, it shall be bound by the provisions of the Credit Agreement as a Lender thereunder and, to the extent of [the] [the relevant] Assigned Interest, shall have the
obligations of a Lender thereunder, (iv) it is sophisticated with respect to decisions to acquire assets of the type represented by the Assigned Interest and either it, or the person exercising discretion in making its decision to acquire the
Assigned Interest, is experienced in acquiring assets of such type, (v) it has received a copy of the Credit Agreement, and has received or has been accorded the opportunity to receive copies of the most recent financial statements delivered
pursuant to Section 7.1 thereof, as applicable, and such other documents and information as it deems appropriate to make its own credit analysis and decision to enter into this Assignment and Assumption and to purchase [the] [such]
Assigned Interest, (vi) it has, independently and without reliance upon the Administrative Agent, or any other Lender and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter
into this Assignment and Assumption and to purchase [the] [such] Assigned Interest, (vii) if it is not already a Lender under the Credit Agreement, attached to the Assignment and Assumption is an Administrative Questionnaire in
the form required under the Credit Agreement and (viii) if it is a Foreign Lender, attached to the Assignment and Assumption is any documentation required to be delivered by it pursuant to the terms of the Credit Agreement, duly completed and
executed by 

 
the Assignee; and (b) agrees that (i) it will, independently and without reliance on the Administrative Agent, [the] [any] the Assignor or any other Lender, and based on such
documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under the Loan Documents, and (ii) it will perform in accordance with their terms all of the obligations
which by the terms of the Loan Documents are required to be performed by it as a Lender. 

2.        Payments. From and after the Effective Date, the Administrative
Agent shall make all payments in respect of [the] [each] Assigned Interest (including payments of principal, interest, fees and other amounts) to the Assignor for amounts which have accrued to but excluding the Effective Date
and to [the] [the relevant] Assignee for amounts which have accrued from and after the Effective Date. 

3.        General Provisions. This Assignment and Assumption shall be
binding upon, and inure to the benefit of, the parties hereto and their respective successors and assigns. This Assignment and Assumption may be executed in any number of counterparts, which together shall constitute one
instrument. Delivery of an executed counterpart of a signature page of this Assignment and Assumption by telecopy or other electronic image scan transmission (e.g., “pdf” or “tif” via email) shall be effective as delivery of
a manually executed counterpart of this Assignment and Assumption. This Assignment and Assumption shall be governed by, and construed in accordance with, the law of the State of New York (including Section 5-1401 and Section 5-1402 of the
General Obligations Law of the State of New York), without reference to any other conflicts or choice of law principles thereof. 

 EXHIBIT H-1 

[FORM OF] 
 U.S. TAX COMPLIANCE
CERTIFICATE 
 (For Foreign Lenders That Are Not Partnerships For U.S. Federal Income Tax Purposes) 

Reference is hereby made to the Second Amended and Restated Credit Agreement dated as of November 2, 2016 (as amended,
supplemented or otherwise modified from time to time, the “Credit Agreement”), among Apogee Enterprises, Inc., each lender from time to time party thereto and Wells Fargo Bank, National Association, as Administrative Agent.

Pursuant to the provisions of Section 4.11 of the Credit Agreement, the undersigned hereby certifies that (i) it is the sole
record and beneficial owner of the Loan(s) (as well as any Note(s) evidencing such Loan(s)) in respect of which it is providing this certificate, (ii) it is not a bank within the meaning of Section 881(c)(3)(A) of the Code, (iii) it is not a ten
percent shareholder of the Borrower within the meaning of Section 871(h)(3)(B) of the Code and (iv) it is not a controlled foreign corporation related to the Borrower as described in Section 881(c)(3)(C) of the Code. 

The undersigned has furnished the Administrative Agent and the Borrower with a certificate of its non-U.S. Person status on
IRS Form W-8BEN or W-8 BEN-E, as applicable. By executing this certificate, the undersigned agrees that (1) if the information provided on this certificate changes, the undersigned shall promptly so inform the Borrower and the Administrative
Agent, and (2) the undersigned shall have at all times furnished the Borrower and the Administrative Agent with a properly completed and currently effective certificate in either the calendar year in which each payment is to be made to the
undersigned, or in either of the two calendar years preceding such payments. 
 Unless otherwise defined herein, terms
defined in the Credit Agreement and used herein shall have the meanings given to them in the Credit Agreement. 
  

 

	
	 [NAME OF LENDER]

	
	
By:                  
                                         
        

	       Name:

	       Title:

 Date:
                         , 20[  ] 

 EXHIBIT H-2 

[FORM OF] 
 U.S. TAX COMPLIANCE
CERTIFICATE 
 (For Foreign Participants That Are Not Partnerships For U.S. Federal Income Tax Purposes) 

Reference is hereby made to the Amended and Restated Credit Agreement dated as of November 2, 2016 (as amended, supplemented
or otherwise modified from time to time, the “Credit Agreement”), among Apogee Enterprises, Inc., each lender from time to time party thereto and Wells Fargo Bank, National Association, as Administrative Agent.

Pursuant to the provisions of Section 4.11 of the Credit Agreement, the undersigned hereby certifies that (i) it is the sole
record and beneficial owner of the participation in respect of which it is providing this certificate, (ii) it is not a bank within the meaning of Section 881(c)(3)(A) of the Code, (iii) it is not a ten percent shareholder of the Borrower within the
meaning of Section 871(h)(3)(B) of the Code, and (iv) it is not a controlled foreign corporation related to the Borrower as described in Section 881(c)(3)(C) of the Code. 

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

 Unless otherwise defined herein, terms defined in the Credit Agreement and used herein shall have the meanings given to
them in the Credit Agreement. 
  
  

	
	 [NAME OF PARTICIPANT]

	
	
By:                      
                                         
    

	       Name:

	       Title:

 Date:                 
    , 20[  ] 

 EXHIBIT H-3 

[FORM OF] 
 U.S. TAX COMPLIANCE
CERTIFICATE 
 (For Foreign Participants That Are Partnerships For U.S. Federal Income Tax Purposes) 

Reference is hereby made to the Second Amended and Restated Credit Agreement dated as of November 2, 2016 (as amended,
supplemented or otherwise modified from time to time, the “Credit Agreement”), among Apogee Enterprises, Inc., each lender from time to time party thereto and Wells Fargo Bank, National Association, as Administrative Agent.

Pursuant to the provisions of Section 4.11 of the Credit Agreement, the undersigned hereby certifies that (i) it is the sole
record owner of the participation in respect of which it is providing this certificate, (ii) its direct or indirect partners/members are the sole beneficial owners of such participation, (iii) with respect such participation, neither the undersigned
nor any of its direct or indirect partners/members is a bank extending credit pursuant to a loan agreement entered into in the ordinary course of its trade or business within the meaning of Section 881(c)(3)(A) of the Code, (iv) none of its direct
or indirect partners/members is a ten percent shareholder of the Borrower within the meaning of Section 871(h)(3)(B) of the Code and (v) none of its direct or indirect partners/members is a controlled foreign corporation related to the Borrower as
described in Section 881(c)(3)(C) of the Code. 
 The undersigned has furnished its participating Lender with IRS Form
W-8IMY accompanied by one of the following forms from each of its partners/members that is claiming the portfolio interest exemption: (i) an IRS Form W-8BEN or W-8 BEN-E, as applicable, or (ii) an IRS Form W-8IMY accompanied by an IRS Form W-8BEN or
W-8 BEN-E, as applicable, from each of such partner’s/member’s beneficial owners that is claiming the portfolio interest exemption. By executing this certificate, the undersigned agrees that (1) if the information provided on this
certificate changes, the undersigned shall promptly so inform such Lender and (2) the undersigned shall have at all times furnished such Lender with a properly completed and currently effective certificate in either the calendar year in which each
payment is to be made to the undersigned, or in either of the two calendar years preceding such payments. 
 Unless
otherwise defined herein, terms defined in the Credit Agreement and used herein shall have the meanings given to them in the Credit Agreement. 
  

	
	 [NAME OF PARTICIPANT]

	
	
By:                      
                                         
    

	       Name:

	       Title:

 Date:                 
    , 20[ ] 

 EXHIBIT H-4 

[FORM OF] 
 U.S. TAX COMPLIANCE
CERTIFICATE 
 (For Foreign Lenders That Are Partnerships For U.S. Federal Income Tax Purposes) 

Reference is hereby made to the Second Amended and Restated Credit Agreement dated as of November 2, 2016 (as amended,
supplemented or otherwise modified from time to time, the “Credit Agreement”), among Apogee Enterprises, Inc., each lender from time to time party thereto and Wells Fargo Bank, National Association, as Administrative Agent.

Pursuant to the provisions of Section 4.11 of the Credit Agreement, the undersigned hereby certifies that (i) it is the sole
record owner of the Loan(s) (as well as any Note(s) evidencing such Loan(s)) in respect of which it is providing this certificate, (ii) its direct or indirect partners/members are the sole beneficial owners of such Loan(s) (as well as any Note(s)
evidencing such Loan(s)), (iii) with respect to the extension of credit pursuant to this Credit Agreement or any other Loan Document, neither the undersigned nor any of its direct or indirect partners/members is a bank extending credit pursuant to a
loan agreement entered into in the ordinary course of its trade or business within the meaning of Section 881(c)(3)(A) of the Code, (iv) none of its direct or indirect partners/members is a ten percent shareholder of the Borrower within the meaning
of Section 871(h)(3)(B) of the Code and (v) none of its direct or indirect partners/members is a controlled foreign corporation related to the Borrower as described in Section 881(c)(3)(C) of the Code. 

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

 Unless otherwise defined herein, terms defined in the Credit Agreement and used
herein shall have the meanings given to them in the Credit Agreement. 
  

	
	 [NAME OF LENDER]

	
	
By:                      
                                         
    

	       Name:

	       Title:

 Date:                 
    , 20[ ]EX-10.1

 Exhibit 10.1 

LOAN AGREEMENT 
 Dated as of
November 3, 2016 
 among 
 TOYS
“R” US PROPERTY COMPANY II, LLC, 
 as Borrower, 

and 
 GOLDMAN SACHS MORTGAGE
COMPANY 
 and 
 BANK OF AMERICA
N.A., 
 collectively, as Lender 
  

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
		
	ARTICLE I GENERAL TERMS	  	 	38	  
			
	 Section 1.1.        
	 	The Loan; Term	  	 	38	  
			
	 Section 1.2.
	 	 Interest and Principal
	  	 	40	  
			
	 Section 1.3.
	 	 Method and Place of Payment
	  	 	41	  
			
	 Section 1.4.
	 	 Taxes; Regulatory Change
	  	 	42	  
			
	 Section 1.5.
	 	 Interest Rate Cap Agreements
	  	 	45	  
			
	 Section 1.6.
	 	 Release
	  	 	46	  
		
	ARTICLE II VOLUNTARY PREPAYMENT AND ASSUMPTION	  	 	46	  
			
	 Section 2.1.
	 	 Voluntary Prepayment
	  	 	46	  
			
	 Section 2.2.
	 	 Property Releases
	  	 	48	  
			
	 Section 2.3.
	 	 Assumption
	  	 	49	  
			
	 Section 2.4.
	 	 Transfers of Equity Interests in Borrower or Master Tenant
	  	 	50	  
			
	 Section 2.5.
	 	 Replacement Mezzanine Financing
	  	 	51	  
		
	ARTICLE III ACCOUNTS	  	 	53	  
			
	 Section 3.1.
	 	 Cash Management Account
	  	 	53	  
			
	 Section 3.2.
	 	 Distributions from Cash Management Account
	  	 	54	  
			
	 Section 3.3.
	 	 Loss Proceeds Account
	  	 	56	  
			
	 Section 3.4.
	 	 Basic Carrying Costs Escrow Account
	  	 	56	  
			
	 Section 3.5.
	 	 TI/LC and Capital Expenditure Reserve Account
	  	 	58	  
			
	 Section 3.6.
	 	 Intentionally Omitted.
	  	 	59	  
			
	 Section 3.7.
	 	 Intentionally Omitted
	  	 	59	  
			
	 Section 3.8.
	 	 Four-Wall EBITDAR Reserve Account
	  	 	59	  
			
	 Section 3.9.
	 	 Excess Cash Flow Reserve Account
	  	 	59	  
			
	 Section 3.10.
	 	 Account Collateral
	  	 	60	  
			
	 Section 3.11.
	 	 Bankruptcy
	  	 	60	  
		
	ARTICLE IV REPRESENTATIONS	  	 	61	  
			
	 Section 4.1.
	 	 Organization
	  	 	61	  
			
	 Section 4.2.
	 	 Authorization
	  	 	61	  
			
	 Section 4.3.
	 	 No Conflicts
	  	 	61	  
			
	 Section 4.4.
	 	 Consents
	  	 	61	  

  
 -i- 

 TABLE OF CONTENTS 

(continued) 
  

							
	 	 	 	  	Page	 
	 Section 4.5.
	 	 Enforceable Obligations
	  	 	61	  
			
	 Section 4.6.
	 	 No Event of Default
	  	 	62	  
			
	 Section 4.7.
	 	 Payment of Taxes
	  	 	62	  
			
	 Section 4.8.
	 	 Compliance with Law
	  	 	62	  
			
	 Section 4.9.        
	 	 ERISA
	  	 	62	  
			
	 Section 4.10.
	 	 Investment Company Act
	  	 	62	  
			
	 Section 4.11.
	 	 No Bankruptcy Filing
	  	 	63	  
			
	 Section 4.12.
	 	 Other Debt
	  	 	63	  
			
	 Section 4.13.
	 	 Litigation
	  	 	63	  
			
	 Section 4.14.
	 	 Leases; Material Agreements; REAs
	  	 	63	  
			
	 Section 4.15.
	 	 Full and Accurate Disclosure
	  	 	65	  
			
	 Section 4.16.
	 	 Financial Condition
	  	 	65	  
			
	 Section 4.17.
	 	 Single-Purpose Requirements
	  	 	65	  
			
	 Section 4.18.
	 	 Use of Loan Proceeds
	  	 	65	  
			
	 Section 4.19.
	 	 Not Foreign Person
	  	 	66	  
			
	 Section 4.20.
	 	 Labor Matters
	  	 	66	  
			
	 Section 4.21.
	 	 Title
	  	 	66	  
			
	 Section 4.22.
	 	 No Encroachments
	  	 	66	  
			
	 Section 4.23.
	 	 Physical Condition
	  	 	66	  
			
	 Section 4.24.
	 	 Fraudulent Conveyance
	  	 	67	  
			
	 Section 4.25.
	 	 Management
	  	 	67	  
			
	 Section 4.26.
	 	 Condemnation
	  	 	67	  
			
	 Section 4.27.
	 	 Utilities and Public Access
	  	 	67	  
			
	 Section 4.28.
	 	 Environmental Matters
	  	 	67	  
			
	 Section 4.29.
	 	 Assessments
	  	 	68	  
			
	 Section 4.30.
	 	 No Joint Assessment
	  	 	69	  
			
	 Section 4.31.
	 	 Separate Lots
	  	 	69	  
			
	 Section 4.32.
	 	 Permits; Certificate of Occupancy
	  	 	69	  
			
	 Section 4.33.
	 	 Flood Zone
	  	 	69	  
			
	 Section 4.34.
	 	 Security Deposits
	  	 	69	  

  
 -ii- 

 TABLE OF CONTENTS 

(continued) 
  

							
	 	 	 	  	Page	 
	 Section 4.35.
	 	 Intentionally Omitted
	  	 	69	  
			
	 Section 4.36.
	 	 Insurance
	  	 	69	  
			
	 Section 4.37.
	 	 Intentionally Omitted
	  	 	69	  
			
	 Section 4.38.
	 	 Estoppel Certificates
	  	 	69	  
			
	 Section 4.39.
	 	 Federal Trade Embargos
	  	 	70	  
			
	 Section 4.40.
	 	 Intellectual Property/Websites
	  	 	70	  
			
	 Section 4.41.
	 	 Ground Leased Parcel
	  	 	70	  
			
	 Section 4.42.
	 	 Condominiums
	  	 	71	  
			
	 Section 4.43.
	 	 Four-Wall EBITDAR to Rent Ratio
	  	 	73	  
			
	 Section 4.44.
	 	 Survival
	  	 	73	  
		
	ARTICLE V AFFIRMATIVE COVENANTS	  	 	73	  
			
	 Section 5.1.
	 	 Existence; Licenses; Tax Status
	  	 	73	  
			
	 Section 5.2.
	 	 Maintenance of Properties
	  	 	73	  
			
	 Section 5.3.
	 	 Compliance with Legal Requirements
	  	 	74	  
			
	 Section 5.4.
	 	 Impositions and Other Claims
	  	 	74	  
			
	 Section 5.5.
	 	 Access to Properties
	  	 	75	  
			
	 Section 5.6.
	 	 Cooperate in Legal Proceedings
	  	 	75	  
			
	 Section 5.7.
	 	 Leases
	  	 	75	  
			
	 Section 5.8.
	 	 Plan Assets, etc.
	  	 	78	  
			
	 Section 5.9.
	 	 Further Assurances
	  	 	78	  
			
	 Section 5.10.
	 	 Management Agreement
	  	 	79	  
			
	 Section 5.11.
	 	 Notice of Material Event
	  	 	79	  
			
	 Section 5.12.
	 	 Annual Financial Statements
	  	 	79	  
			
	 Section 5.13.
	 	 Quarterly Financial Statements
	  	 	80	  
			
	 Section 5.14.
	 	 Intentionally Omitted
	  	 	80	  
			
	 Section 5.15.
	 	 Insurance
	  	 	80	  
			
	 Section 5.16.
	 	 Casualty and Condemnation
	  	 	85	  
			
	 Section 5.17.
	 	 Annual Budget
	  	 	88	  
			
	 Section 5.18.
	 	 Venture Capital Operating Companies; Nonbinding Consultation
	  	 	88	  

  
 -iii- 

 TABLE OF CONTENTS 

(continued) 
  

							
	 	 	 	  	Page	 
	 Section 5.19.
	 	 Compliance with Encumbrances and Material Agreements
	  	 	88	  
			
	 Section 5.20.
	 	 Prohibited Persons
	  	 	89	  
			
	 Section 5.21.
	 	 Ground Lease
	  	 	89	  
			
	 Section 5.22.
	 	 Condominium. Borrower covenants and agrees as follows:
	  	 	90	  
		
	 ARTICLE VI NEGATIVE COVENANTS
	  	 	91	  
			
	 Section 6.1.
	 	 Liens on the Collateral
	  	 	91	  
			
	 Section 6.2.
	 	 Ownership
	  	 	91	  
			
	 Section 6.3.
	 	 Transfer; Prohibited Change of Control
	  	 	91	  
			
	 Section 6.4.
	 	 Debt
	  	 	91	  
			
	 Section 6.5.
	 	 Dissolution; Merger or Consolidation
	  	 	91	  
			
	 Section 6.6.
	 	 Change in Business
	  	 	91	  
			
	 Section 6.7.
	 	 Debt Cancellation
	  	 	91	  
			
	 Section 6.8.
	 	 Affiliate Transactions
	  	 	92	  
			
	 Section 6.9.
	 	 Misapplication of Funds
	  	 	92	  
			
	 Section 6.10.
	 	 Jurisdiction of Formation; Name; Chief Executive Office
	  	 	92	  
			
	 Section 6.11.
	 	 Modifications and Waivers
	  	 	92	  
			
	 Section 6.12.
	 	 ERISA
	  	 	93	  
			
	 Section 6.13.
	 	 Alterations and Expansions
	  	 	93	  
			
	 Section 6.14.
	 	 Advances and Investments
	  	 	94	  
			
	 Section 6.15.
	 	 Single-Purpose Entity
	  	 	94	  
			
	 Section 6.16.
	 	 Zoning and Uses
	  	 	94	  
			
	 Section 6.17.
	 	 Waste
	  	 	94	  
		
	 ARTICLE VII DEFAULTS
	  	 	95	  
			
	 Section 7.1.
	 	 Event of Default
	  	 	95	  
			
	 Section 7.2.
	 	 Remedies
	  	 	98	  
			
	 Section 7.3.
	 	 Application of Payments after an Event of Default
	  	 	100	  
		
	 ARTICLE VIII CONDITIONS PRECEDENT
	  	 	100	  
			
	 Section 8.1.
	 	 Conditions Precedent to Closing
	  	 	100	  
		
	 ARTICLE IX MISCELLANEOUS
	  	 	103	  
			
	 Section 9.1.
	 	 Successors
	  	 	103	  

  
 -iv- 

 TABLE OF CONTENTS 

(continued) 
  

							
	 	 	 	  	Page	 
	 Section 9.2.
	 	 GOVERNING LAW
	  	 	103	  
			
	 Section 9.3.
	 	 Modification, Waiver in Writing
	  	 	104	  
			
	 Section 9.4.
	 	 Notices
	  	 	104	  
			
	 Section 9.5.
	 	 TRIAL BY JURY
	  	 	105	  
			
	 Section 9.6.
	 	 Headings
	  	 	105	  
			
	 Section 9.7.
	 	 Assignment and Participation
	  	 	105	  
			
	 Section 9.8.
	 	 Severability
	  	 	107	  
			
	 Section 9.9.
	 	 Preferences; Waiver of Marshalling of Assets
	  	 	108	  
			
	 Section 9.10.
	 	 Remedies of Borrower
	  	 	108	  
			
	 Section 9.11.
	 	 Offsets, Counterclaims and Defenses
	  	 	108	  
			
	 Section 9.12.
	 	 No Joint Venture
	  	 	108	  
			
	 Section 9.13.
	 	 Conflict; Construction of Documents
	  	 	109	  
			
	 Section 9.14.
	 	 Brokers and Financial Advisors
	  	 	109	  
			
	 Section 9.15.
	 	 Counterparts
	  	 	109	  
			
	 Section 9.16.
	 	 Estoppel Certificates
	  	 	109	  
			
	 Section 9.17.
	 	 General Indemnity; Payment of Expenses
	  	 	110	  
			
	 Section 9.18.
	 	 No Third-Party Beneficiaries
	  	 	112	  
			
	 Section 9.19.
	 	 Recourse
	  	 	113	  
			
	 Section 9.20.
	 	 Right of Set-Off
	  	 	116	  
			
	 Section 9.21.
	 	 Exculpation of Lender
	  	 	116	  
			
	 Section 9.22.
	 	 Servicer
	  	 	116	  
			
	 Section 9.23.
	 	 No Fiduciary Duty
	  	 	116	  
			
	 Section 9.24.
	 	 Borrower Information
	  	 	118	  
			
	 Section 9.25.
	 	 PATRIOT Act Records
	  	 	118	  
			
	 Section 9.26.
	 	 EU Bail-in Rule
	  	 	118	  
			
	 Section 9.27.
	 	 Prior Agreements
	  	 	119	  
			
	 Section 9.28.
	 	 Publicity
	  	 	119	  
			
	 Section 9.29.
	 	 Delay Not a Waiver
	  	 	119	  
			
	 Section 9.30.
	 	 Schedules and Exhibits Incorporated
	  	 	120	  
			
	 Section 9.31.
	 	 Administration of Bankruptcy Claims
	  	 	120	  
			
	 Section 9.32.
	 	 Intercreditor Agreement
	  	 	120	  
			
	 Section 9.33.
	 	 Co-Lender
	  	 	120	  

  
 -v- 

			
	Exhibits
		
	A	  	Organizational Chart
	B	  	Form of Tenant Notice
	C	  	Tax Certificate
	
	Schedules
		
	A	  	Properties
	B	  	Exception Report
	C	  	Deferred Maintenance Conditions
	D	  	Reserved
	E	  	Rent Roll
	F	  	Material Agreements
	G	  	Intentionally Omitted
	H	  	Allocated Loan Amounts
	I	  	Monthly Amortization Amount

  

  
 -vi- 

 LOAN AGREEMENT 

This Loan Agreement (this “Agreement”) is dated November 3, 2016, and is among GOLDMAN SACHS MORTGAGE COMPANY, a New York
limited partnership (“GS”), and BANK OF AMERICA, N.A., a national banking association, collectively as lender (“BOA”; together with GS and each of their respective successors and assigns, each a
“Co-Lender” and collectively, “Lender”), and TOYS “R” US PROPERTY COMPANY II, LLC, a Delaware limited liability company, as borrower (together with its permitted successors and assigns,
“Borrower”). 
 RECITALS 

Borrower desires to obtain from Lender the Loan (as hereinafter defined) in connection with the financing of the Properties (as hereinafter
defined). 
 Lender is willing to make the Loan on the terms and subject to the conditions set forth in this Agreement if Borrower joins in
the execution and delivery of this Agreement, the Note and the other Loan Documents. 
 In consideration of the agreements, provisions and
covenants contained herein and in the other Loan Documents, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Lender and Borrower agree as follows: 

DEFINITIONS 
 (a) When
used in this Agreement, the following capitalized terms have the following meanings: 
 “Acceptable Counterparty” means any
counterparty to an Interest Rate Cap Agreement that has and maintains (a) a long-term unsecured debt rating or counterparty rating of A+ or higher from S&P, which rating shall not include a “t” or otherwise reflect a termination risk
or otherwise be qualified, (b) a long-term unsecured debt rating of A1 or higher from Moody’s, which rating shall not include a “t” or otherwise reflect a termination risk or otherwise be qualified, and (c) if rated by Fitch, a
long-term unsecured debt rating of at least A by Fitch and a short-term unsecured debt rating of at least F1 by Fitch (and not on Rating Watch Negative with respect to either such Fitch rating). 

“Account Collateral” means, collectively, the Collateral Accounts and all sums at any time held, deposited or invested
therein, together with any interest and other earnings thereon, and all securities and investment property credited thereto and all proceeds thereof (including proceeds of sales and other dispositions), whether accounts, general intangibles,
chattel paper, deposit accounts, instruments, documents or securities. 
 “Affiliate” shall mean, as to any Person, any
other Person that, directly or indirectly, (i) is in Control of, is Controlled by or is under common Control with such Person or (ii) is a director or officer of such Person or of an Affiliate of such Person. 

“Agent” has the meaning set forth in Section 9.7(e). 

 

 “Agreement” means this Loan Agreement, as the same may from time to time
hereafter be amended, restated, replaced, supplemented or otherwise modified in accordance herewith. 
 “Allocated Loan
Amount” means, with respect to each Property, the portion of the Loan Amount allocated thereto as set forth in Schedule H. 

“Alteration” means any demolition, alteration, installation, improvement or expansion of or to any of the Properties or any
portion thereof. 
 “Annual Budget” means a capital and operating expenditure budget for the Properties prepared by
Borrower that specifies amounts to operate and maintain the Properties in accordance with past practices of Borrower and Master Tenant. 

“Appraisal” means, with respect to each Property, an as-is appraisal of such Property that is prepared by a member of the
Appraisal Institute selected by Lender, meets the minimum appraisal standards for national banks promulgated by the Comptroller of the Currency pursuant to Title XI of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989, as
amended (FIRREA) and complies with the Uniform Standards of Professional Appraisal Practice (USPAP). 
 “Approved Annual
Budget” has the meaning set forth in Section 5.17. 
 “Approved Sublease Parameters” shall mean a sublease
between Master Tenant, as landlord, and a subtenant, as tenant meeting the following parameters: 
  

	 	(1)	such sublease is an arm’s length transaction on commercially reasonable terms (provided, however, that Lender shall have no obligation to provide a non-disturbance or other similar agreement pursuant to the
applicable terms and conditions of this Agreement to any sublessee who is an Affiliate of Borrower; provided, further, that such limitation on Lender’s agreement to provide such non-disturbance or other similar agreement shall not apply to any
sublessee which (a) is a subsidiary of Bain Capital Partners, LLC, Kohlberg Kravis Roberts & Co. L.P., Vornado Realty Trust and/or Mezzanine Lender, (b) is not Sponsor or a subsidiary of Sponsor and (c) will not operate under the Toys
“R” Us or Babies “R” Us or substantially similar brand names at the applicable subleased Property); 

  

	 	(2)	(a) the subtenant shall be of a type that complies with Legal Requirements and (b) the use of the applicable Property shall not be a Prohibited Use and shall otherwise be in compliance with the terms hereof;

  

	 	(3)	such sublease provides for rental rates and terms comparable to existing local market rates and terms (taking into account the type and quality of the subtenant); 

 

	 	(4)	such sublease demises fifty percent (50%) or less than the total rental square footage of the applicable Property and/or such sublease, when aggregated with all other subleases then in effect for the Properties, demises
not more than fifty percent (50%) of the total rental square footage of the Properties; 

  
 2 

	 	(5)	such sublease does not contain any terms which would reasonably be expected to have or do have a Material Adverse Effect; 

  

	 	(6)	such sublease has a term of, (x) with respect to any Ground Leased Parcel, ending on or before the term of the applicable Ground Lease (including possible extensions and renewals thereof) in effect for such Ground
Leased Parcel and (y) with respect to all other Properties, at least 60 months and not more than 360 months (including all possible extensions and renewals thereof), but in no event ending on or after the term of the Master Lease (including possible
extensions and renewals thereof); 

  

	 	(7)	such sublease does not impose any obligations or liabilities on Borrower or Master Tenant other than those obligations or liabilities imposed on commercially reasonable terms in the ordinary course of business;

  

	 	(8)	such sublease does not contain any option to purchase, or any right of first refusal to purchase or other similar right to acquire all or any portion of the applicable Property unless such option or right requires the
holder thereof to pay Borrower a purchase price equal to or greater than the Release Price for such Property;

  

	 	(9)	such sublease provides that no further sublease shall be permitted unless such sublease satisfies the Approved Sublease Parameters; 

  

	 	(10)	such sublease does not prevent Loss Proceeds from being held and disbursed by Lender in accordance with the terms of the Loan Documents; and 

 

	 	(11)	such sublease does not conflict with any Legal Requirements, any Ground Lease, the terms and conditions of Section 5.15 hereof, or any of the terms of the Master Lease. 

“Assignment” has the meaning set forth in Section 9.7(b). 

“Assignment of Interest Rate Cap Agreement” means each collateral assignment of an interest rate cap agreement executed by
Borrower and an Acceptable Counterparty in accordance herewith, each of which must be in the form executed by Borrower and the initial Acceptable Counterparty on the Closing Date, as the same may from time to time be amended, restated, replaced,
supplemented or otherwise modified in accordance herewith. 
 “Assumption” has the meaning set forth in Section 2.3.

 “Available Excess Cash” means all amounts distributed to or upon the direction of Borrower pursuant to Section
3.2(b)(vi) hereof. 

  
 3 

 “Bankruptcy Code” has the meaning set forth in Section 7.1(d). 

“Basic Carrying Costs Escrow Account” has the meaning set forth in Section 3.4(a). 

“BOA” has the meaning set forth in the first paragraph of this Agreement. 

“Borrower” has the meaning set forth in the first paragraph of this Agreement. 

“Borrower Tax” means any U.S. Tax and any present or future tax, assessment or other charge or levy imposed by, or on behalf
of, any jurisdiction through which or from which payments due hereunder are made by or on behalf of Borrower (or any taxing authority thereof). 

“Budgeted Operating Expenses” means, with respect to any calendar month, (i) an amount equal to the Operating Expenses
budgeted for such calendar month as set forth in the then-applicable Annual Budget, or (ii) such greater amount as shall equal Borrower’s actual Operating Expenses for such month, except that during the continuance of a Trigger Period such
greater amount shall in no event exceed 110% of the amount specified in clause (i) of this definition without the prior written consent of Lender, not to be unreasonably withheld, delayed or conditioned, provided that no such consent shall be
required in connection with expenditures for non-discretionary items (e.g. line expenses for Taxes, insurance premiums, governmental compliance and regulatory charges, utility expenses, ground rent and expenses necessary to maintain the Borrower in
good standing within each jurisdiction in which it does business) and expenditures required to be made by reason of the occurrence of any emergency (i.e., an unexpected event that threatens imminent harm to persons or property at or adjacent
to any of the Properties) and with respect to which it would be impracticable, under the circumstances, to obtain Lender’s prior consent thereto, which line items shall be adjusted to reflect actual increases in such expenses and shall not
require Lender approval hereunder. 
 “Business Day” means any day other than (i) a Saturday and a Sunday and
(ii) a day on which federally insured depository institutions in the State of New York or the state in which the offices of Lender, its trustee, its Servicer or its Servicer’s collection account are located are authorized or obligated by
law, governmental decree or executive order to be closed. When used with respect to an Interest Determination Date, “Business Day” shall mean a day on which banks are open for dealing in foreign currency and exchange in London.

“Capital Expenditure” means, with respect to any Property, hard and soft costs incurred by Borrower with respect to
replacements and capital repairs or improvements made to such Property (including repairs to, and replacements of, structural components, roofs, building systems, parking garages and parking lots), in each case to the extent capitalized in
accordance with GAAP. 
 “Cash Management Account” has the meaning set forth in Section 3.1(a). 

“Cash Management and Control Agreement” means that certain cash management and control agreement, dated as of the
Closing Date, among Borrower, Lender and the Cash Management Bank that maintains the Cash Management Account as of the Closing Date, as the same may from time to time be amended, restated, replaced, supplemented or otherwise modified in accordance
herewith. 

  
 4 

 “Cash Management Bank” means the Eligible Institution at which the Cash
Management Account is maintained. 
 “Casualty” means a fire, explosion, flood, collapse, earthquake or other casualty
affecting all or any portion of any Property. 
 “Cause” means, with respect to an Independent Director, (i) acts or
omissions have been committed by such Independent Director that constitute systematic and persistent or willful disregard of such Independent Director’s duties, (ii) such Independent Director has been indicted or convicted for any crime or
crimes of moral turpitude or dishonesty or for any violation of any Legal Requirements, (iii) such Independent Director no longer satisfies the requirements set forth in the definition of “Independent Director” or if such Person is no
longer employed by the independent director service provider set forth in the definition of “Independent Director”, (iv) the fees charged for the services of such Independent Director are materially in excess of the fees charged by the
other providers of Independent Directors listed in the definition of “Independent Director” or (v) any other reason for which the prior written consent of Lender shall have been obtained. 

“Certificates” means, collectively, any senior and/or subordinate notes, debentures or pass-through certificates, or other
evidence of indebtedness, or debt or equity securities, or any combination of the foregoing, representing a direct or beneficial interest, in whole or in part, in the Loan. 

“Closing Date” means the date of this Agreement. 

“Code” means the Internal Revenue Code of 1986, as amended, and as it may be further amended from time to time, any successor
statutes thereto, and applicable U.S. Department of Treasury regulations issued pursuant thereto in temporary or final form. 

“Co-Lender” has the meaning set forth in the first paragraph of this Agreement, together with its successors and assigns.

 “Collateral” means all assets owned from time to time by Borrower including the Properties, the Revenues and all other
tangible and intangible property in respect of which Lender is granted a Lien under the Loan Documents, and all proceeds thereof. 

“Collateral Account” means each of the accounts and sub-accounts established pursuant to Article III hereof but expressly
excluding the Operating Account. 
 “Component A” has the meaning set forth in Section 1.1(c). 

“Component B” has the meaning set forth in Section 1.1(c). 

“Component C” has the meaning set forth in Section 1.1(c). 

  
 5 

 “Component D” has the meaning set forth in Section 1.1(c). 

“Component E” has the meaning set forth in Section 1.1(c). 

“Component F” has the meaning set forth in Section 1.1(c). 

“Component Outstanding Principal Balance” means, as of any given date, with respect to each Note Component, the
outstanding principal balance of such Note Component. 
 “Condemnation” means a taking or voluntary conveyance of all or
part of any of the Properties or any interest therein, as the result of, or in settlement of, any condemnation or other eminent domain proceeding by any Governmental Authority; provided, however, that “Condemnation” shall not include the
grant of any easement to the extent that the same would not reasonably be expected to have a Material Adverse Effect on such Property. 

“Condominium” means (a) The Marketplace at Braintree Condominium governing Store #6383 in Braintree, Massachusetts
(“Braintree Condominium”); and (b) Woodridge Grove, Wayne County Condominium Subdivision governing Store #9249 in Northville, Michigan (“Northville Condominium”). 

“Condominium Act” means, collectively, all Legal Requirements applicable to the respective Condominium. 

“Condominium Association” means, collectively, (i) the “Trust” as such term is defined in the Condominium Documents
of the Braintree Condominium and (ii) the “Administrator” as such term is defined in the Condominium Documents of the Northville Condominium. 

“Condominium Documents” means, collectively, the condominium declaration, the condominium by-laws, any rules and regulations
promulgated thereunder, and any and all other documents and agreements binding upon, governing or otherwise pertaining to each respective Condominium and/or the respective Condominium Association. 

“Condominium Unit” means each individual unit in the respective Condominium (together with all interests appurtenant
thereto). 
 “Contingent Obligation” means, with respect to any Person, any obligation of such Person directly or
indirectly guaranteeing any Debt of any other Person in any manner and any contingent obligation to provide funds for payment, or to supply funds to invest in any other Person. 

“Control” of any entity means the ownership, directly or indirectly, of at least 51% of the equity interests in, and the
right to at least 51% of the distributions from, such entity and the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of such entity, whether through the ability to exercise voting
power, by contract or otherwise (“Controlled” and “Controlling” each have the meanings correlative thereto). 

  
 6 

 “Cooperation Agreement” means that certain Cooperation Agreement, dated as of
the Closing Date, by Borrower and Sponsor for the benefit of Lender, as the same may from time to time be amended, restated, replaced, supplemented or otherwise modified in accordance herewith. 

“Damages” to a Person means any and all actual, documented, out-of-pocket liabilities, obligations, losses, demands, damages,
penalties, assessments, actions, causes of action, judgments, proceedings, suits, claims, costs, expenses and disbursements of any kind or nature whatsoever (including reasonable attorneys’ fees and other costs of defense and/or enforcement
whether or not suit is brought), fines, charges, fees, settlement costs and disbursements imposed on, incurred by or asserted against such party, whether based on any federal, state, local or foreign laws, statutes, rules or regulations (including
securities and commercial laws, statutes, rules or regulations and Environmental Laws), on common law or equitable cause or on contract or otherwise; provided, however, that “Damages” shall not include special, consequential
or punitive damages, except to the extent imposed upon Lender by one or more third parties. 
 “Dark” means, with
respect to any Property, if such Property is not open for business to the public for a period of one hundred twenty (120) consecutive days, unless (i) such Property is temporarily closed for maintenance or compliance with Legal Requirements or (ii)
such closure is a result of a Casualty or Condemnation and Borrower or Master Tenant (A) promptly and diligently pursues and completes repair or restoration of such Property, or takes other appropriate actions to resolve such closure and (B) reopens
such Property to the public no later than two hundred seventy (270) days after the date of the initial closure. 
 “Dark
Limit” means, as of any date of determination, twenty percent (20%) of the Properties that remain subject to the Lien of the Mortgages as of such date. 

“Dark Property” means, as of any date of determination, any Property that is Dark. 

“Debt” means, with respect to any Person, without duplication: 

(i) all indebtedness of such Person to any other party (regardless of whether such indebtedness is evidenced by a written
instrument such as a note, bond or debenture), for borrowed money or for the deferred purchase price of property or services; 

(ii) all letters of credit issued for the account of such Person and all unreimbursed amounts drawn thereunder; 

(iii) all indebtedness secured by a Lien on any property owned by such Person (whether or not such indebtedness has been
assumed) except obligations for impositions that are not yet due and payable; 
 (iv) all Contingent Obligations of such
Person; 

  
 7 

 (v) all payment obligations of such Person under any interest rate
protection agreement (including any interest rate swaps, floors, collars or similar agreements) and similar agreements; and 

(vi) any material actual or contingent liability to any Person or Governmental Authority with respect to any employee
benefit plan (within the meaning of Section 3(3) of ERISA) subject to Title IV of ERISA, Section 302 of ERISA or Section 412 of the Code. 

“Default” means the occurrence of any event that, but for the giving of notice or the passage of time, or both, would be an
Event of Default. 
 “Default Rate” means, with respect to any Note or Note Component, 3% per annum in excess of the
interest rate otherwise applicable to such Note or Note Component hereunder; provided that, if the foregoing would result in an interest rate in excess of the maximum rate permitted by applicable law, the Default Rate shall be limited to the maximum
rate permitted by applicable law. 
 “Deferred Maintenance Conditions” means those items described in Schedule C.

 “Domestic Services Agreement” means that certain Domestic Services Agreement, dated as of January 29, 2006, by and
among, Master Tenant, Borrower and certain Affiliates of Borrower party thereto, as the same may from time to time be amended, restated, replaced, supplemented or otherwise modified. 

“DSCR” means, with respect to any Test Period, the quotient of (i) Net Operating Income for such Test Period divided by (ii)
the actual aggregate debt service payable in respect of the Loan and the Mezzanine Loan, in the aggregate, during such Test Period. For the avoidance of doubt, “debt service” shall not include any Permitted Mezzanine Prepayment. 

“EEA Bail-In Action” means the exercise of any EEA Write-Down and Conversion Powers by the applicable EEA Resolution
Authority in respect of any liability of an EEA Financial Institution. 
 “EEA Bail-In Legislation” means, 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 for such EEA Member Country from time to time which is described in the EEA Bail-In
Legislation Schedule. 
 “EEA 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. 
 “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. 

  
 8 

 “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. 

“EEA Write-Down and Conversion Powers” means, with respect to any EEA Resolution Authority, the write-down and conversion
powers of such EEA Resolution Authority from time to time under the EEA Bail-In Legislation for the applicable EEA Member Country, which write-down and conversion powers are described in the EEA Bail-In Legislation Schedule. 

“Eligibility Requirements” means, with respect to any Person, that such Person (i) has total assets (in name or under
management or advisement) in excess of $1,000,000,000, and (except with respect to a pension advisory firm, asset manager, registered investment advisor or manager or similar fiduciary) either capital/statutory surplus, shareholder’s equity or
market capitalization of at least $500,000,000, and (ii) is regularly engaged in the business of making or owning (or, in the case of a pension advisory firm, asset manager, registered investment advisor or manager or similar fiduciary, regularly
engaged in managing investments in) commercial real estate mortgage or mezzanine loans or interests therein, originating preferred equity investments, owning or operating commercial properties or making investments in commercial real estate. 

“Eligible Account” means an account or book-entry subaccount maintained with a federal or state-chartered depository
institution or trust company that complies with the definition of Eligible Institution. 
 “Eligible Institution” means an
institution (i) whose commercial paper, short-term debt obligations or other short-term deposits are rated at least “A–1” by S&P, “P–1” by Moody’s and “F–1” by Fitch, and whose long-term
senior unsecured debt obligations are rated at least “A-” by S&P, “A” by Fitch, and “A2” by Moody’s and whose deposits are insured by the FDIC or (ii) with respect to which the Rating Condition is
satisfied. 
 “Embargoed Person” means any Person subject to trade restrictions under any Federal Trade Embargo. 

“Engineering Report” means a structural and seismic engineering report or reports (including a “probable maximum
loss” calculation, if applicable) with respect to each of the Properties prepared by an independent engineer reasonably approved by Lender and delivered to Lender in connection with the Loan, and any amendments or supplements thereto delivered
to Lender. 
 “Environmental Claim” means any written notice, claim, proceeding, notice of proceeding, investigation,
demand, abatement order or other order or directive by any Person or Governmental Authority alleging or asserting liability with respect to Borrower or any Property 

  
 9 

 
arising out of, based on, in connection with, or resulting from (i) the actual or alleged presence, Use or Release of any Hazardous Substance, (ii) any actual or alleged violation of any
Environmental Law, or (iii) any actual or alleged injury or threat of injury to property, health or safety, natural resources or to the environment caused by the Use or Release of Hazardous Substances. 

“Environmental Indemnity” means that certain environmental indemnity agreement executed by Borrower and Sponsor as of the
Closing Date, as the same may from time to time be amended, restated, replaced, supplemented or otherwise modified in accordance herewith. 

“Environmental Laws” means any and all federal, state and local laws, statutes, ordinances, orders, rules, regulations and
the like, as well as principals of common law, and any judicial or administrative orders, decrees or judgments thereunder, , relating to (i) the pollution, protection or cleanup of the environment, (ii) the impact of the Use or Release of Hazardous
Substances on property, health or safety, (iii) the Use or Release of Hazardous Substances, (iv) occupational safety and health, industrial hygiene or the protection of human, plant or animal health or welfare (each solely to the extent related to
the Use or Release of Hazardous Substances) or (v) the liability for or costs of other actual or threatened danger to the environment or human health (with respect to exposure to Hazardous Substances). The term “Environmental
Law” includes, but is not limited to, the following statutes, as amended, any successors thereto, and any regulations promulgated pursuant thereto, and any state or local statutes, ordinances, rules, regulations and the like addressing
similar issues: the Comprehensive Environmental Response, Compensation, and Liability Act; the Emergency Planning and Community Right-to-Know Act; the Hazardous Materials Transportation Act; the Resource Conservation and Recovery Act (including
Subtitle I relating to underground storage tanks); the Clean Water Act; the Clean Air Act; the Toxic Substances Control Act; the Safe Drinking Water Act; the Occupational Safety and Health Act (to the extent related to exposure to Hazardous
Substances); the Federal Water Pollution Control Act; the Federal Insecticide, Fungicide and Rodenticide Act; the Endangered Species Act; the National Environmental Policy Act; and the River and Harbors Appropriation Act. The term
“Environmental Law” also includes, but is not limited to, federal state and local laws, statutes ordinances, rules, regulations and the like, as well as principals of common law, conditioning transfer of property upon a negative
declaration or other approval of a Governmental Authority of the environmental condition of a property; or requiring notification or disclosure of Releases of Hazardous Substances or other environmental conditions of a property to any Governmental
Authority or other Person, whether or not in connection with transfer of title to or interest in property. 
 “Environmental
Reports” means “Phase I Environmental Site Assessments” as referred to in the ASTM Standards on Environmental Site Assessments for Commercial Real Estate, E 1527-13 (and, if necessary, “Phase II Environmental Site
Assessments”), prepared by an independent environmental auditor approved by Lender and delivered to Lender in connection with the Loan and any amendments or supplements thereto delivered to Lender, and shall also include any other environmental
reports delivered to Lender pursuant to this Agreement and the Environmental Indemnity. 

  
 10 

 “ERISA” means the Employee Retirement Income Security Act of 1974, as amended
from time to time, and the regulations promulgated thereunder. 
 “ERISA Affiliate” means, at any time, each trade or
business (whether or not incorporated) that would, at the time, be treated together with Borrower as a single employer under Title IV or Section 302 of ERISA or Section 412 of the Code. 

“Escrow Refunds” means amounts distributed by Lender to Borrower pursuant to Sections 3.3(c), 3.4(f),
3.5(d), 3.7(f) and/or 3.9(c) hereof. 
 “Event of Default” has the meaning set forth in
Section 7.1. 
 “Excess Cash Flow Reserve Account” has the meaning set forth in Section
3.9(a). 
 “Excess Release Proceeds” shall have the meaning set forth in the Mezzanine Loan Agreement. 

“Exception Report” means the report prepared by Borrower and attached to this Agreement as Schedule B, setting forth
any exceptions to the representations set forth in Article IV. 
 “Exculpated Person” means each Person that is an
affiliate, equityholder, beneficiary, trustee, member, officer, director, agent, manager, independent manager, employee or partner of Borrower or Sponsor. 

“Extension Term” has the meaning set forth in Section 1.1(d). 

“FATCA” means Sections 1471 through 1474 of the Code, as of the date of this Agreement (or any amended or successor version
that is substantially comparable and not materially more onerous to comply with), any current or future regulations or official interpretations thereof, any agreement entered into pursuant to Section 1471(b)(1) of the Code, any intergovernmental
agreement entered into in connection with any of the foregoing and any fiscal or regulatory legislation, rules, or practices adopted pursuant to any such intergovernmental agreement. 

“Federal Trade Embargo” means any federal law imposing trade restrictions, including (i) the Trading with the Enemy Act,
as amended, and each of the foreign assets control regulations of the United States Treasury Department (31 CFR, Subtitle B, Chapter V, as amended), (ii) the International Emergency Economic Powers Act (50 U.S.C. §§ 1701 et seq., as
amended), (iii) any enabling legislation or executive order relating to the foregoing, (iv) Executive Order 13224, and (v) the PATRIOT Act.

“Fee Acquisition” has the meaning set forth in Section 5.21. 

“Fiscal Quarter” means the 13-week or 14-week period after the preceding fiscal year or quarter end date, generally ending on
the Saturday nearest to April 30, July 31, October 31 and January 31 of each year, or such other fiscal quarter of Borrower as Borrower may select from time to time with the prior consent of Lender, such consent not to be unreasonably
withheld, delayed or conditioned. 

  
 11 

 “Fiscal Year” means each 52-week or 53-week period ending on the Saturday
nearest to January 31 of each year, or such other fiscal year of Borrower as Borrower may select from time to time with the prior consent of Lender, not to be unreasonably withheld, delayed or conditioned. 

“Fitch” means Fitch, Inc. and its successors. 

“Force Majeure” means a delay due to acts of God, governmental restrictions, stays, judgments, orders, decrees, enemy
actions, civil commotion, fire, casualty, strikes, work stoppage, shortages of labor or materials or similar causes beyond the reasonable control of Borrower; provided that (1) any period of Force Majeure shall apply only to performance of
the obligations necessarily affected by such circumstance and shall continue only so long as Borrower is continuously and diligently using all commercially reasonable efforts to minimize the duration thereof; and (2) Force Majeure shall not include
the unavailability or insufficiency of funds unless caused by the events set forth in the definition hereof. 
 “Four-Wall
EBITDAR” shall mean, as of any date of determination and with respect to the operation of Master Tenant and its Affiliates at the Properties then subject to the Lien of the Mortgages as of the date of determination only, earnings (loss)
before interest expenses, income taxes, depreciation and amortization expenses, rent, intercompany royalties, overhead allocations (including, but not limited to, headquarters, regional office and distribution center costs), and all business
and operational restructuring, pre-opening, renovation, and realignment costs and charges, in each case only to the extent that such revenues, expenses, costs and charges are allocated by Master Tenant to the operation of the Properties for the
preceding twelve (12) month period using its standard internal methodology for allocating revenues and expenses on a store by store basis from time to time; but “Four-Wall EBITDAR” will be adjusted to exclude (a) all merger, acquisition
and equity issuance costs and charges, (b) all unrealized foreign currency gains and losses, (c) corporate level expenses of Master Tenant that are incurred at the Properties, but which benefit Master Tenant’s business as a whole, and (d) any
other one-time costs as determined by Master Tenant’s management in good faith, including impairments and asset write-offs. 

“Four-Wall EBITDAR Reserve Account” has the meaning set forth in Section 3.8(a). 

“Four-Wall EBITDAR to Rent Ratio” means, with respect to any Test Period, the quotient of (i) Four-Wall EBITDAR for such Test
Period divided by (ii) Master Lease Rents actually received by Borrower pursuant to the Master Lease during such Test Period for the Properties then subject to the Lien of the Mortgages as of the date of determination. 

“Full Trigger Period” shall mean, in accordance with the terms of this Agreement, (A) any one or more of the following
periods: (i) a period commencing upon the occurrence of an Event of Default and terminating upon the acceptance of a cure of such Event of Default by Lender in Lender’s sole discretion; (ii) a period commencing at such time as the Four-Wall

  
 12 

 
EBITDAR to Rent Ratio as of the last day of any quarter is less than 1.80:1.00 and continuing until such time as the Four-Wall EBITDAR to Rent Ratio is equal to or greater than 1.80:1.00 as of
the last day of two (2) consecutive quarters; or (iii) a period commencing upon the earlier to occur of the date on which the Master Tenant (a) vacates all or substantially all of the Properties or gives written notice of its intent to vacate all or
substantially all of the Properties or terminate the Master Lease, (b) defaults in the payment of Master Lease Rent under the Master Lease (after the expiration of any notice and cure periods thereunder); or (c) files or is the subject of any
bankruptcy, insolvency, dissolution or liquidation under the Bankruptcy Code or any similar federal or state law or Master Tenant’s assets are made subject to the jurisdiction of a bankruptcy or other similar court, and continuing, in the case
of (b) above, until such default is cured pursuant to and in accordance with the Master Lease, as reasonably determined by Lender; or in the case of (c) above, with respect to any bankruptcy, insolvency, dissolution or liquidation under the
Bankruptcy Code or any similar federal or state law involving Master Tenant or its assets, until the Master Lease is assumed without alteration of any material terms or as reasonably agreed to by Lender (as ordered by the bankruptcy or other
applicable court), or with respect to any bankruptcy, insolvency, dissolution or liquidation under the Bankruptcy Code or any similar federal or state law involving Master Tenant, until the assets of Master Tenant are no longer subject to the
jurisdiction of the bankruptcy or other applicable court and Master Tenant’s obligations under the Master Lease remain unaltered from the date on which Master Tenant’s assets became subject to the jurisdiction of such court and (B) any
period during the continuance of a Mezzanine Loan Event of Default, provided that a Full Trigger Period as a result of this clause (B) shall terminate immediately upon receipt by Lender of (x) written notice from Mezzanine Lender of the cure
of such Mezzanine Loan Event of Default, (y) the written notice from Mezzanine Lender that such Mezzanine Loan Event of Default has been waived by Mezzanine Lender or (z) a fully executed agreement by and between Mezzanine Lender and Mezzanine
Borrower pursuant to which Mezzanine Lender agrees to forebear from exercising its remedies pursuant to the Mezzanine Loan Documents with respect to such Mezzanine Loan Event of Default. Notwithstanding the foregoing, Borrower may terminate a
Full Trigger Period caused by the condition set forth in clause (ii) above by delivering to Lender funds (provided that such funds are obtained pursuant to capital contributions to the Mezzanine Borrower from the equity owners thereof and are
not funds from cash flow of the Properties) in an amount determined by Lender to be sufficient (if such funds were included in the calculation of Four-Wall EBITDAR for purposes of calculating the Four-Wall EBITDAR to Rent Ratio) to cause the
Four-Wall EBITDAR to Rent Ratio to be equal to or greater than 1.80:1.00, which amounts shall be held by Lender in the Four-Wall EBITDAR Reserve Account pursuant to Section 3.8 hereof. For the avoidance of doubt, funds deposited into the
Four-Wall EBITDAR Reserve Account in order to terminate a Full Trigger Period caused by the condition set forth in clause (ii) above shall only cure a single failure to satisfy the condition set forth in clause (ii) above and shall not
cure any subsequent failure with respect thereto, which subsequent failure shall require an additional delivery of funds to Lender pursuant to the foregoing sentence.

“GAAP” means generally accepted accounting principles in the United States of America, consistently applied. 

“Giraffe Holdings” means Giraffe Holdings, LLC, a Delaware limited liability company.

  
 13 

 “Governmental Authority” means any federal, state, county, regional, local or
municipal government, any bureau, department, agency or political subdivision thereof and any Person with jurisdiction exercising executive, legislative, judicial, taxing, regulatory or administrative functions of or pertaining to government
(including any court). 
 “Gross Sales Proceeds” means, with respect to the Transfer of any Property, the gross sales price
for such Property (including, without limitation, any earnest money, down payment or similar deposit included in the total sales price paid by the purchaser). 

“Ground Lease” means, with respect to each Property, any ground lease described in the applicable Title Insurance Policy or
the applicable Mortgage, as such ground lease may be amended, restated, replaced, supplemented or otherwise modified from time to time in accordance herewith. 

“Ground Leased Parcel” means, with respect to each Property, any portion of such Property with respect to which Borrower is
the lessee under a Ground Lease. 
 “Ground Rent” means rent payable by Borrower pursuant to the Ground Lease, if any. 

“GS” has the meaning set forth in the first paragraph of this Agreement. 

“Guaranty” means that certain guaranty, dated as of the Closing Date, executed by Sponsor for the benefit of Lender, as the
same may be amended, restated, replaced, supplemented or otherwise modified in accordance herewith. 
 “Hazardous
Substances” means any and all substances (whether solid, liquid or gas) defined, listed, or otherwise classified as hazardous wastes, hazardous substances, hazardous materials, extremely hazardous wastes, toxic substances, toxic pollutants,
contaminants, pollutants or words of similar meaning or regulatory effect under applicable Environmental Laws or the presence of which on, in or under any of the Properties is prohibited or requires investigation or remediation under applicable
Environmental Law, including petroleum and petroleum by-products, asbestos and asbestos-containing materials, toxic mold, polychlorinated biphenyls, lead and radon, and compounds containing them (including gasoline, diesel fuel, oil and lead-based
paint), pesticides and radioactive materials, flammables and explosives and compounds containing them, but excluding those substances commonly used in the operation and maintenance of properties of kind and nature similar to those of the Properties
that are used at the Properties in compliance with all Environmental Laws and in a manner that does not result in contamination of any Property or in a Material Adverse Effect. 

“Increased Costs” has the meaning set forth in Section 1.4(e). 

“Indebtedness” means the Principal Indebtedness, together with interest and all other monetary obligations and liabilities of
Borrower under the Loan Documents, including all transaction costs, Spread Maintenance Premiums (to the extent payable hereunder), late fees and other amounts due or to become due to Lender pursuant to this Agreement, under the Notes or in
accordance with any of the other Loan Documents, and all other amounts, sums and expenses reimbursable by Borrower to Lender hereunder or pursuant to the Notes or any of the other Loan Documents. 

  
 14 

 “Indemnified Parties” has the meaning set forth in Section 9.17. 

“Independent Director” of any corporation or limited liability company means an individual who is provided by CT Corporation,
Corporation Service Company, Delaware Trust, National Registered Agents, Inc., Wilmington Trust Company, Stewart Management Company, Lord Securities Corporation or, if none of those companies is then providing professional independent directors
or managers, another nationally-recognized company reasonably approved by Lender, in each case that is not an affiliate of Borrower and that provides professional independent directors or managers and other corporate services in the ordinary course
of its business, and which individual is duly appointed as a member of the board of directors of such corporation or limited liability company or as a “manager” of such limited liability company within the meaning of Section 18-101(10) of
the Delaware Limited Liability Company Act and is not, and has never been, and will not while serving as Independent Director be, any of the following: 

(i) a member (other than an independent, non-economic “springing” member), partner, equityholder, manager, director,
officer or employee of such corporation or limited liability company or any of its equityholders or affiliates (other than as an independent director or manager of an affiliate of such corporation or limited liability company that is not in the
direct chain of ownership of such corporation or limited liability company and that is required by a creditor to be a single purpose bankruptcy remote entity, provided that such independent director or manager is employed by a company that routinely
provides professional independent directors or managers); 
 (ii) a creditor, supplier or service provider (including
provider of professional services) to such corporation or limited liability company or any of its equityholders or affiliates (other than a nationally recognized company that routinely provides professional independent managers or directors and that
also provides lien search and other similar services to such corporation or limited liability company or any of its equityholders or affiliates in the ordinary course of business); 

(iii) a family member of any such member, partner, equityholder, manager, director, officer, employee, creditor, supplier or
service provider; or 
 (iv) a Person that controls (whether directly, indirectly or otherwise) any of (i), (ii) or (iii)
above. 
 A natural person who otherwise satisfies the foregoing definition other than subparagraph (i) by reason of being the Independent Director of a
Single-Purpose Entity affiliated with the corporation or limited liability company in question shall not be disqualified from serving as an Independent Director of such corporation or limited liability company, provided that the fees that such
natural person earns from serving as Independent Director of affiliates of such corporation or limited liability company in any given year constitute in the aggregate less than five percent of 

  
 15 

 
such natural person’s annual income for that year. The same natural persons may not serve as Independent Directors of a corporation or limited liability company and, at the same time,
serve as Independent Directors of an equityholder or member of such corporation or limited liability company. 
 “Irrevocable
Redirection Letter” means that certain Irrevocable Redirection Letter, dated as of the date hereof, from Borrower to Lender, and acknowledged and agreed to by Mezzanine Borrower, Lender and Mezzanine Lender.

“Insurance Requirements” means, collectively, (i) all material terms of any insurance policy required pursuant to this
Agreement and (ii) all material regulations and then-current standards applicable to or affecting any of the Properties or any portion thereof which may, at any time, be recommended by the board of fire underwriters, if any, having jurisdiction
over any of the Properties. 
 “Intercreditor Agreement” has the meaning set forth in Section 9.33. 

“Interest Accrual Period” means each period from and including the 15th day of a calendar month through and including the
14th day of the immediately succeeding calendar month; provided, that, prior to a Securitization, Lender shall have the right, in connection with a change in the Payment Date in accordance with the definition thereof, to make a corresponding
change to the Interest Accrual Period. Notwithstanding the foregoing, the first Interest Accrual Period shall commence on and include the Closing Date. 

“Interest Determination Date” means, in connection with the calculation of interest accrued for any Interest Accrual Period,
the second Business Day preceding the first day of such Interest Accrual Period. 
 “Interest Rate Cap Agreement” means an
interest rate cap confirmation between an Acceptable Counterparty and Borrower, relating to the initial term of the Loan or the Extension Term, as applicable, in form and substance reasonably acceptable to Lender (together with an interest rate cap
agreement and schedules relating thereto, which are consistent in form and substance with the terms set forth in such confirmation). 

“Lead Lender” means GS or, from time to time, a single Lender that is either then the sole Lender or has otherwise been
designated as the replacement Lead Lender by the then current Lead Lender. 
 “Lease” means any lease (including, without
limitation, the Master Lease), license, letting, concession, occupancy agreement, sublease to which Borrower, Master Tenant or any other Person is a party or has a consent right, or other agreement (whether written or oral and whether now or
hereafter in effect) under which Borrower and Master Tenant is a lessor, sublessor, licensor or other grantor existing as of the Closing Date or thereafter entered into by Borrower and Master Tenant, in each case pursuant to which any Person is
granted a possessory interest in, or right to use or occupy all or any portion of any space in any of the Properties, and every modification or amendment thereof, and every guarantee of the performance and observance of the covenants, conditions and
agreements to be performed and observed by the other party thereto. 

  
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 “Leasing Commissions” means leasing commissions required to be paid by Borrower
in connection with the leasing of space to Tenants at any of the Properties pursuant to Leases entered into by Borrower in accordance herewith and payable in accordance with third-party/arms’-length
written brokerage agreements, provided that the commissions payable pursuant thereto are commercially reasonable based upon the then current brokerage market for property of a similar type and quality to such Property in the geographic market
in which such Property is located. 
 “Legal Requirements” means all governmental statutes, laws, rules, orders,
regulations, ordinances, judgments, decrees and injunctions of Governmental Authorities (including Environmental Laws and zoning restrictions) affecting Borrower, Sponsor, Master Tenant, the Properties or any other Collateral or any portion thereof
or the construction, ownership, use, alteration or operation thereof, or any portion thereof (whether now or hereafter enacted and in force), and all permits, licenses and authorizations and regulations relating thereto. 

“Lender” has the meaning set forth in the first paragraph of this Agreement and in Section 9.7. 

“Lending Parties” has the meaning set forth in Section 9.23(a). 

“LIBOR” means the rate per annum calculated as set forth below: 

(i) On each Interest Determination Date, LIBOR for the applicable period will be the rate for deposits in United States dollars
for a one-month period which appears as the London interbank offered rate on the display designated as “LIBOR01” on the Reuters Screen (or such other page as may replace that page on that service, or such page or replacement therefor on
any successor service) as the London interbank offered rate as of 11:00 a.m., London time, on such date. 
 (ii) With respect
to an Interest Determination Date on which no such rate appears as the London interbank offered rate on “LIBOR01” on the Reuters Screen (or such other page as may replace that page on that service, or such page or replacement therefor on
any successor service) as described above, LIBOR for the applicable period will be determined on the basis of the rates at which deposits in United States dollars are offered by the Reference Banks at approximately 11:00 a.m., London time, on such
date to prime banks in the London interbank market for a one-month period (each a “Reference Bank Rate”). Lender shall request the principal London office of each of the Reference Banks to provide a quotation of its Reference
Bank Rate. If at least two such quotations are provided, LIBOR for such period will be the arithmetic mean of such quotations. If fewer than two quotations are provided, LIBOR for such period will be the arithmetic mean of the rates quoted
by major banks in New York City, selected by Lender, at approximately 11:00 a.m., New York City time, on such date for loans in United States dollars to leading European banks for a one-month period, and if at least two such quotations are provided,
LIBOR for such period will be the arithmetic mean of such quotations. 

  
 17 

 All percentages resulting from any calculations or determinations referred to in this definition will be rounded
upwards to the nearest multiple of 1/100 of 1% and all U.S. dollar amounts used in or resulting from such calculations will be rounded to the nearest cent (with one-half cent or more being rounded upwards). 

“LIBOR Loan” means the Loan at such time as interest thereon accrues at a rate of interest based upon LIBOR. 

“Lien” means any mortgage, lien (statutory or other), pledge, hypothecation, assignment, security interest, restrictive
covenant, easement, or any other encumbrance on or affecting any Collateral or any portion thereof, or any interest therein (including any conditional sale or other title retention agreement, any sale-leaseback, any financing lease or similar
transaction having substantially the same economic effect as any of the foregoing, the filing of any financing statement or similar instrument under the Uniform Commercial Code or comparable law of any other jurisdiction, and mechanics’,
materialmen’s and other similar liens and encumbrances, as well as any option to purchase, right of first refusal, right of first offer or similar right). 

“Loan” has the meaning set forth in Section 1.1(a). 

“Loan Amount” means Five Hundred Twelve Million and No/100 Dollars ($512,000,000). 

“Loan Documents” means this Agreement, the Note, each of the Mortgages (and related financing statements), the Environmental
Indemnity, the Subordination of Domestic Services Agreement, the Cash Management and Control Agreement, the Lockbox Account Agreement, the Guaranty, the Assignment of Interest Rate Cap Agreement, the Subordination of Master Lease, the Irrevocable
Redirection Letter and all other agreements, instruments, certificates and documents necessary to effectuate the granting to Lender of Liens on the Collateral or otherwise in satisfaction of the requirements of this Agreement or the other documents
listed above or hereafter entered into by Lender and Borrower in connection with the Loan, as all of the aforesaid may be amended, restated, replaced, supplemented or otherwise modified from time to time in accordance herewith. 

“Lockbox Account” has the meaning set forth in Section 3.1(a).

“Lockbox Account Agreement” has the meaning set forth in Section 3.1(a).

“Lockbox Bank” means Bank of America, N.A., or another Eligible Institution chosen by Borrower and reasonably satisfactory to
Lender. 
 “Loss Proceeds” means amounts, awards or payments payable to Borrower or Lender in respect of all or any portion
of any Property in connection with a Casualty or Condemnation thereof (after the deduction therefrom and payment to Borrower and Lender, respectively, of any and all reasonable expenses incurred by Borrower and Lender in the recovery thereof,
including all attorneys’ fees and disbursements, the fees of insurance experts and adjusters and the costs incurred in any litigation or arbitration with respect to such Casualty or Condemnation). 

  
 18 

 “Loss Proceeds Account” has the meaning set forth in Section 3.3(a). 

“Master Lease” means that certain Second Amended and Restated Master Lease, dated as of the date hereof, by and between
Borrower, as landlord, and Master Tenant, as tenant, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time. 

“Master Lease Rents” shall mean all amounts payable to Borrower on account of or by virtue of the Master Lease, but, for
avoidance of doubt, excluding any Ground Rent. 
 “Master Tenant” means Toys “R” Us-Delaware, Inc., together with
its permitted successors and assigns. 
 “Material Adverse Effect” means a material adverse effect upon (i) Borrower’s
title to any Property, (ii) the ability of the Properties to generate net cash flow sufficient to service the Loan, (iii) the ability of Borrower or Sponsor to perform any material provision of any Loan Document, (iv) Lender’s ability to
enforce the security intended to be provided by the Mortgages and the other Loan Documents, or (v) the value, use or operation of any individual Property. 

“Material Agreements” means each contract and agreement (other than Leases, the Domestic Services Agreement and any contract
or agreement for financial and consulting services entered into on an arm’s length basis and having commercially reasonable, market terms and pursuant to which at least one other Person other than Borrower or Mezzanine Borrower is an obligor)
entered into by Borrower, or otherwise imposing obligations on Borrower, under which Borrower would have the obligation to pay more than $500,000 per annum or that cannot be terminated by Borrower without cause upon 60 days’ notice or less
without payment of a termination fee, or that is with an affiliate of Borrower. 
 “Material Alteration” means any
Alteration to be performed by or on behalf of Borrower at any of the Properties that (a) is reasonably expected to result in a Material Adverse Effect with respect to the applicable Property, or (b) is reasonably expected to cost in excess of the
Threshold Amount, as determined by an independent architect (except for Alterations in connection with (i) Tenant Improvements under and pursuant to Leases existing as of the Closing Date (pursuant to the terms thereof in existence as of the Closing
Date) or Leases thereafter entered into in accordance with this Agreement, (ii) Alterations by Tenants pursuant to Leases that are permitted or do not require landlord’s approval or funds of landlord, in each case under the applicable Lease,
(iii) the remediation of any Deferred Maintenance Condition in accordance with this Agreement, (iv) restoration of a Property following a Casualty or Condemnation in accordance with this Agreement), (v) any Alterations required pursuant to
applicable law, (vi) Alterations included on any Approved Annual Budget and (vii) non-structural, cosmetic Alterations to the Property, such as painting, carpeting, and installation of tenant fixtures). 

“Material Sublease Period” means any period during which twenty-five percent (25%) or more of the rentable square feet of the
Properties, in the aggregate, are subject to a sublease between Master Tenant, as landlord, and a subtenant, as tenant. 

  
 19 

 “Maturity Date” means the Payment Date in November, 2019, as same may be
extended in accordance with Section 1.1(d), or such earlier date as may result from acceleration of the Loan in accordance with this Agreement. 

“Mezzanine Borrower” means Giraffe Junior Holdings, LLC, a Delaware limited liability company, together with its permitted
successors and assigns. 
 “Mezzanine Lender” means, collectively, Brigade Leveraged Capital Structures Fund Ltd., Brigade
Credit Fund II Ltd., Brigade Structured Credit Fund Ltd., Los Angeles County Employees Retirement Association, Brigade Distressed Value Master Fund Ltd., The Coca-Cola Company Master Retirement Trust, Fedex Corporation Employees’ Pension Trust,
Delta Master Trust, Brigade Opportunistic Credit Fund—ICIP, Ltd. and Brigade Opportunistic Credit Fund 16 LLC, or any respective successor or assign thereof as “Lender” under and as defined in the Mezzanine Loan Agreement identified
to Lender in writing. 
 “Mezzanine Loan” means that certain mezzanine loan made on the date hereof by Mezzanine Lender to
Mezzanine Borrower. 
 “Mezzanine Loan Agreement” means that certain Mezzanine Loan Agreement, dated as of the date hereof,
by and between Mezzanine Lender and Mezzanine Borrower, pursuant to which the Mezzanine Loan was made, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time in accordance with this Agreement and any
Intercreditor Agreement. 
 “Mezzanine Loan Amount” means $88,000,000. 

“Mezzanine Loan Collateral” shall have the meaning ascribed to the term “Collateral” in the Mezzanine Loan
Agreement. 
 “Mezzanine Loan Documents” means the “Loan Documents” as defined in the Mezzanine Loan Agreement.

 “Mezzanine Loan Event of Default” means an “Event of Default” under and as defined in the Mezzanine Loan
Agreement. 
 “Mezzanine Loan Principal Indebtedness” means the “Principal Indebtedness” as defined in the
Mezzanine Loan Agreement. 
 “Monthly Amortization Amount” means, with respect to each Payment Date, an amount equal to the
product of (i) the amount set forth on Schedule I attached hereto corresponding to such Payment Date set forth thereon and (ii) a fraction, the numerator of which is the outstanding principal balance of the Loan as of the end of the
immediately prior Payment Date, and the denominator of which is equal to the outstanding principal balance of the Loan as of the immediately prior Payment Date set forth on Schedule I attached hereto. 

“Moody’s” means Moody’s Investors Service, Inc. and its successors. 

  
 20 

 “Morningstar” means Morningstar Credit Ratings, LLC or its applicable affiliate,
and its successors. 
 “Mortgage” means, with respect to each Property, that certain mortgage or deed of trust, as the case
may be, assignment of rents and leases, security agreement and fixture filing encumbering such Property, executed by Borrower as of the Closing Date, as the same may from time to time be amended, restated, replaced, supplemented or otherwise
modified in accordance herewith. Each Mortgage shall secure the entire Indebtedness, provided that in the event that the jurisdiction in which the applicable Property is located imposes a mortgage recording, intangibles or similar Tax and does
not permit the allocation of indebtedness for the purpose of determining the amount of such Tax payable, the principal amount secured by such Mortgage shall be equal to the greater of (x) 115% of such Property’s Allocated Loan Amount and (y)
the appraised value of such Property. 
 “Net Operating Income” means, with respect to any Test Period, the amount of
Master Lease Rent paid by Master Tenant to Borrower during such Test Period. For the avoidance of doubt, Net Operating Income shall exclude the impact of any payment made by the Master Tenant to the Borrower as consideration for a one-time
lease modification of its existing master lease agreement on or prior to the date hereof. 
 “Net Sales Proceeds” shall
mean one hundred percent (100%) of the gross proceeds from the sale of a Property to be received by or on behalf of Borrower in respect of such sale, less and except: any reasonable and customary brokerage fees and sales commissions payable to third
parties, transfer, stamp and/or intangible taxes, reasonable, customary and market closing costs and any other reasonable and customary third party costs and expenses actually incurred by Borrower in connection with such sale, as evidenced by a
settlement statement or customary invoice. 
 “Nonconsolidation Opinion” means the opinion letter, dated the Closing Date,
delivered by Borrower’s counsel to Lender and addressing issues relating to substantive consolidation in bankruptcy. 

“Note(s)” means, individually and/or collectively, Note A-1 and Note A-2, which collectively evidence the Loan.

“Note A-1” means that certain Promissory Note A-1 in the original principal amount of $256,000,000.00, dated as of the
Closing Date, made by Borrower to GS, as the same may be replaced by multiple notes and as otherwise assigned (in whole or in part), amended, restated, replaced, supplemented or otherwise modified in accordance herewith. 

“Note A-2” means that certain Promissory Note A-2 in the original principal amount of $256,000,000.00, dated as of the
Closing Date, made by Borrower to BOA, as the same may be replaced by multiple notes and as otherwise assigned (in whole or in part), amended, restated, replaced, supplemented or otherwise modified in accordance herewith. 

“Note Component” means individually or collectively, as the context may require, any one of Component A, Component B,
Component C, Component D, Component E and Component F, each as more particularly set forth in Section 1.1(c). 

  
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 “OFAC List” means the list of specially designated nationals and blocked persons
subject to financial sanctions that is maintained by the U.S. Treasury Department, Office of Foreign Assets Control and any other similar list maintained by the U.S. Treasury Department, Office of Foreign Assets Control pursuant to any applicable
governmental statutes, laws, rules, orders, regulations, ordinances, judgments, decrees and injunctions of Governmental Authorities, including trade embargo, economic sanctions, or other prohibitions imposed by Executive Order of the President of
the United States. The OFAC List currently is accessible at http://www.treasury.gov/ofac/downloads/t11sdn.pdf. 

“Officer’s Certificate” means a certificate delivered to Lender that is signed by an authorized officer of Borrower and
certifies the information therein to such officer’s actual knowledge.
 “Operating Account” means an Eligible Account
maintained by Borrower at an Eligible Institution, which account (i) shall only contain amounts in respect of Operating Expenses for one or more of the Properties (and no amounts unrelated to the Properties shall be deposited therein or otherwise
commingled with the amounts on deposit in such account) and (ii) is subject to an Operating Account Agreement. 
 “Operating Account
Agreement” means an agreement relating to one or more of the Operating Accounts, dated as of the date hereof, among Lender, Borrower and the Eligible Institution at which such account is maintained, pursuant to which such account is pledged
to the Lender and Borrower is given full access to the funds on deposit therein but provides for the discontinuance of such access upon receipt by such Eligible Institution of written notice from Lender of the occurrence of an Event of Default, as
such agreement may be amended, restated, replaced, supplemented or otherwise modified in accordance herewith. 
 “Operating
Expenses” means, for any period, all operating, renting, administrative, management, legal and other ordinary expenses of Borrower and/or, solely with respect to the Properties, Master Tenant and the Properties during such period,
determined in accordance with GAAP; provided, however, that such expenses shall not include (i) depreciation, amortization or other non-cash items, (ii) interest, principal or any other sums due and owing with respect to the Loan, (iii) income taxes
or other taxes in the nature of income taxes, (iv) Capital Expenditures, (v) equity distributions, (vi) prepaid management service fees made by the Borrower to the Master Tenant on or prior to the date hereof, (vii) any other fees paid by the Master
Tenant or (viii) any other extraordinary or non-recurring items. 
 “Other Connection Taxes” means, with respect to any
Lender or Person to whom there has been an Assignment or Participation of a Loan, as applicable, taxes imposed as a result of a present or former connection between such Lender or Person and the jurisdiction imposing such tax (other than connections
arising from such Lender or Person having executed, delivered, become a party to, performed its obligations under, received payments under, or engaged in any other transaction pursuant to or enforced any Loan Document, or sold or assigned an
interest in any Loan or Loan Document). 

  
 22 

 “PACE Debt” means any amounts owed in respect of energy retrofit lending
programs, commonly known as “PACE loans”. For avoidance of doubt, PACE Debt is not Permitted Debt and Liens securing PACE Debt are not Permitted Encumbrances. 

“Par Prepayment Date” means the first Payment Date following the 18-month anniversary of the Closing Date. 

“Partial Trigger Period” shall mean, in accordance with the terms of this Agreement, a period commencing at such time as the
Four-Wall EBITDAR to Rent Ratio as of the last day of any quarter is less than 2.20:1.00 and continuing until such time as the Four-Wall EBITDAR to Rent Ratio is equal to or greater than 2.20:1.00 as of the last day of two (2) consecutive
quarters. Notwithstanding the foregoing, Borrower may terminate a Partial Trigger Period by delivering to Lender funds (provided that such funds are obtained pursuant to capital contributions to the Mezzanine Borrower from the equity owners and
are not funds from cash flow of the Properties) in an amount determined by Lender to be sufficient (if such funds were included in the calculation of Four-Wall EBITDAR for purposes of calculating the Four-Wall EBITDAR to Rent Ratio) to cause the
Four-Wall EBITDAR to Rent Ratio to be equal to or greater than 2.20:1.00, which amounts shall be held by Lender in the Four-Wall EBITDAR Reserve Account pursuant to Section 3.8 hereof. For the avoidance of doubt, funds deposited into the
Four-Wall EBITDAR Reserve Account in order to cause the Four-Wall EBITDAR to Rent Ratio to be equal to or greater than 2.20:1.00 shall only cure a single failure to satisfy such test and shall not cure any subsequent failure with respect thereto,
which subsequent failure shall require an additional delivery of funds to Lender pursuant to the foregoing sentence. 
 “Participant
Register” has the meaning set forth in Section 9.7(c). 
 “Participation” has the meaning set forth in
Section 9.7(b). 
 “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 from time to time. 

“Payment Date” means, with respect to each Interest Accrual Period, the ninth day of the calendar month in which such
Interest Accrual Period ends; provided, that prior to a Securitization, Lender shall have the right to change the Payment Date so long as a corresponding change to the Interest Accrual Period is also made. Whenever a Payment Date is not
a Business Day, the entire amount that would have been due and payable on such Payment Date shall instead be due and payable on the immediately preceding Business Day. 

“Permits” means all licenses, permits, variances and certificates used in connection with the ownership, operation, use or
occupancy of each of the Properties (including certificates of occupancy, business licenses, state health department licenses, licenses to conduct business). 

“Permitted Debt” means: 

(i) the Indebtedness; 

  
 23 

 (ii) Taxes not yet delinquent or being reasonably contested pursuant to the terms
and conditions of this Agreement; 
 (iii) tenant allowances and Capital Expenditure costs required under Leases or otherwise
permitted to be incurred under the Loan Documents that are paid on or prior to the date when due or within any cure period with respect thereto provided for in this Agreement; and 

(iv) Trade Payables not represented by a note, customarily paid by Borrower within 60 days of incurrence and in fact not more
than 60 days outstanding, which are incurred in the ordinary course of Borrower’s ownership and operation of the Properties, in amounts reasonable and customary for similar properties and not exceeding 2.0% of the sum of the Loan Amount and the
Mezzanine Loan Amount in the aggregate. 
 “Permitted Encumbrances” means: 

(i) the Liens created by the Loan Documents; 

(ii) the Master Lease; 

(iii) all Liens and other matters specifically disclosed on Schedule B of the Title Insurance Policies and such other title and
survey exceptions expressly set forth in the title policies and surveys delivered on or prior to the Closing Date in connection with the Properties; 

(iv) Liens, if any, for Taxes not yet delinquent or if being diligently contested in good faith and by appropriate
proceedings, provided that no such Lien is in imminent danger of foreclosure and provided further that Borrower deposits with Lender, within 30 days of the filing of any such Lien (if not previously released or discharged), an amount reasonably
required or requested by Lender or a bond in an amount reasonably required or requested by Lender from such surety, and upon such terms and conditions, as is reasonably satisfactory to Lender, as security for the payment or release of such Lien;

 (v) mechanics’, materialmen’s or similar Liens, if any, and Liens for delinquent taxes or impositions, in
each case only if being diligently contested in good faith and by appropriate proceedings, provided that no such Lien is in imminent danger of foreclosure and provided further that either (a) each such Lien is released or
discharged of record or fully insured over by the title insurance company issuing the applicable Title Insurance Policy within 60 days of its creation, or (b) Borrower deposits with Lender, by the expiration of such 60-day period (if such Lien has
not been released or discharged), an amount that at all times equals at least 115% of the dollar amount of such Lien (including any increases thereto from time to time) or a bond in the aforementioned amount from such surety, and upon such terms and
conditions, as is reasonably satisfactory to Lender, as security for the payment or release of such Lien; 
 (vi) rights
of existing and future Tenants as tenants only pursuant to written Leases entered into in conformity with the provisions of this Agreement; 

  
 24 

 (vii) all immaterial easements, rights-of-way, restrictions and other similar
immaterial and non-monetary encumbrances recorded against and affecting any Property that would not reasonably be expected to, individually or collectively, have a Material Adverse Effect on any individual Property; and 

(viii) the Liens created by the Mezzanine Loan Documents.

“Permitted Fund Manager” means any Person that on the date of determination is not subject to a proceeding under the
Bankruptcy Code or any similar federal or state law and is (a) one of the Pre-Approved Fund Managers or any other nationally-recognized manager of investment funds investing in debt or equity interests
relating to commercial real estate, (b) a Person that is a Qualified Replacement Mezzanine Lender pursuant to clauses (b) or (d) of the definition thereof, or (c) a Mezzanine Lender, in each case that is
investing through a fund or funds with aggregate committed capital under management of at least $500,000,000. 
 “Permitted
Investments” means the following, subject to the qualifications hereinafter set forth: 
 (i) all direct obligations
of the U.S. government, and all obligations that are fully guaranteed by the U.S. government, that in each case have maturities not in excess of one year; 

(ii) federal funds, unsecured certificates of deposit, time deposits, banker’s acceptances, and repurchase agreements,
each having maturities of not more than 90 days, of any commercial bank organized under the laws of the United States of America or any state thereof or the District of Columbia, the short-term debt obligations of which are rated A-1+ by
S&P, F1+ by Fitch and P-1 by Moody’s (and if the term is between one and three months A1 by Moody’s) and, if it has a term in excess of three months, the long-term debt obligations of which are rated AAA (or the equivalent) by each of
the Rating Agencies, and that (a) is at least “adequately capitalized” (as defined in the regulations of its primary Federal banking regulator) and (b) has Tier 1 capital (as defined in such regulations) of not less than $1,000,000,000;

 (iii) deposits that are fully insured by the Federal Deposit Insurance Corp. (FDIC); 

(iv) commercial paper rated A–1+ by S&P, F1+ by Fitch and P-1 by Moody’s (and if the term is between one and
three months A1 by Moody’s) by each of the Rating Agencies and having a maturity of not more than 90 days; 
 (v) any
money market fund that (a) has substantially all of its assets invested continuously in the types of investments referred to in clause (i) above, (b) has net assets of not less than $5,000,000,000, and (c) has a rating of AAAm from S&P and Aaa
by Moody’s; and 
 (vi) such other investments as to which the Rating Condition has been satisfied. 

  
 25 

 Notwithstanding the foregoing, “Permitted Investments” (i) shall exclude any security with the
Standard & Poor’s “r” symbol (or any other Rating Agency’s corresponding symbol) (indicating high volatility or dramatic fluctuations in their expected returns because of market risk) or any other qualifying suffix attached
to the rating (with the exception of ratings with regulatory indicators, such as the (sf) subscript, and unsolicited ratings), as well as any mortgage-backed securities and any security of the type commonly known as “strips”; (ii) shall
not have maturities that exceed the time periods set forth above; (iii) shall be limited to those instruments that have a predetermined fixed dollar of principal due at maturity that cannot vary or change; and (iv) shall exclude any investment
where the right to receive principal and interest derived from the underlying investment provides a yield to maturity in excess of 120% of the yield to maturity at par of such underlying investment. Interest on Permitted Investments may either
be fixed or variable, and any variable interest must be tied to a single interest rate index plus a single fixed spread (if any), and move proportionately with that index. No Permitted Investments shall require a payment above par for an
obligation if the obligation may be prepaid at the option of the issuer thereof prior to its maturity. Except as expressly provided for above, all Permitted Investments shall mature or be redeemable upon the option of the holder thereof on or
prior to the earlier of (x) three months from the date of their purchase or (y) the Business Day preceding the day before the date such amounts are required to be applied hereunder. 

“Permitted Mezzanine Prepayment” means any principal prepayment of the Mezzanine Loan which is required to be made by
Mezzanine Borrower pursuant to and in accordance with the Mezzanine Loan Agreement (i) from Available Excess Cash, (ii) from Escrow Refunds, (iii) from Excess Release Proceeds, (iv) pursuant to Section 2.2 (Property Releases) of the Mezzanine Loan
Agreement, (v) to satisfy the test for an “Extension Option” pursuant to Section 1.1(d)(iv)(x) of this Agreement and Section 1.1(c)(iv)(x) of the Mezzanine Loan Agreement, (vi) to prevent or cure a “Trigger Period” (as defined in
the Mezzanine Loan Agreement), or (vii) a prepayment of the Mezzanine Loan in full made pursuant to and in accordance with Section 2.5 of this Agreement. 

“Person” means any natural person, corporation, limited liability company, partnership, joint venture, estate, trust,
unincorporated association or Governmental Authority and any fiduciary acting in such capacity on behalf of any of the foregoing. 

“Plan Assets” means assets, within the meaning of 29 C.F.R. Section 2510.3-101, as modified by Section 3(42) of ERISA, of any
(i) employee benefit plan (as defined in Section 3(3) of ERISA) subject to Title I of ERISA, (ii) plan (as defined in Section 4975(e)(1) of the Code) subject to Section 4975 of the Code, or (iii) governmental plan (as defined in Section 3(32)
of ERISA) subject to federal, state or local laws, rules or regulations substantially similar to Title I of ERISA or Section 4975 of the Code. 

“Policies” has the meaning set forth in Section 5.15(b). 

“Pre-Approved Fund Managers” means each of the following and their respective Affiliates: 

 

	 	1.	iStar Financial Inc 

  

	 	2.	Archon Capital, L.P. 

  
 26 

	 	3.	Goldman, Sachs & Co. 

  

	 	4.	The Blackstone Group International Ltd. 

  

	 	5.	Apollo Global Real Estate 

  

	 	6.	Colony Capital, LLC / Colony Financial, Inc. 

  

	 	7.	Praedium Group 

  

	 	8.	Fortress Investment Group LLC 

  

	 	9.	Lonestar Funds 

  

	 	10.	Rockwood Capital, LLC 

  

	 	11.	Clarion Partners 

  

	 	12.	Walton Street Capital, LLC 

  

	 	13.	Starwood Capital Group/Starwood Property Trust, Inc. 

  

	 	14.	BlackRock, Inc. 

  

	 	15.	Garrison Investment Group 

  

	 	16.	LoanCore Capital/DivCore Capital 

  

	 	17.	Rockpoint Group 

  

	 	18.	Torchlight Investors 

  

	 	19.	Westbrook Partners 

  

	 	20.	One William Street Capital Management, L.P. 

  

	 	21.	OZ Management, LP 

  

	 	22.	OZ Management II, LP 

  

	 	23.	H/2 Capital Partners 

  

	 	24.	SL Green Realty Corp. 

  

	 	25.	Boston Properties 

  

	 	26.	J.P. Morgan Asset Management 

  

	 	27.	Morgan Stanley Prime Property Fund 

  

	 	28.	AEW Capital Management 

  

	 	29.	Brookfield 

  

	 	30.	Bain Capital Partners, LLC 

  

	 	31.	Kohlberg Kravis Roberts & Co. L.P. 

  

	 	32.	Vornado Realty Trust 

 provided, however, that, with respect to any Sponsor Related Fund Manager,
the applicable Qualified Replacement Mezzanine Lender in connection with such Sponsor Related Fund Manager shall be subject to customary “stand still” provisions under the intercreditor agreement to be entered into between Lender and such
Qualified Replacement Mezzanine Lender, the form and substance of which shall be subject to Lender’s approval in its sole discretion.

“Prime Rate” means the “prime rate” published in “Money Rate” section of The Wall Street Journal. If
The Wall Street Journal ceases to publish the “Prime Rate,” Lender shall select an equivalent publication that publishes the “prime rate” and if such “prime rate” is no longer generally published or is limited,
regulated or administered by a governmental or quasigovernmental body, then Lender shall reasonably select a comparable interest rate index. 

“Prime Rate Loan” means the Loan at such time as interest thereon accrues at a rate of interest based upon the Prime Rate.

  
 27 

 “Prime Rate Spread” means, in connection with any conversion of the Loan to a
Prime Rate Loan, the amount obtained by subtracting (x) the Prime Rate, as determined on the date of such conversion, from (y) the per annum interest rate payable hereunder in respect of a LIBOR Loan, determined as of the Interest Determination Date
for which LIBOR was last available; provided, however, that if the amount so obtained is a negative number, then the Prime Rate Spread shall be zero. 

“Principal Indebtedness” means the principal balance of the Loan outstanding from time to time. 

“Principal Release Price” means in connection with a release of a Property pursuant to Section 2.2 of this Agreement,
an amount equal to (i) if less than $256,000,000 has been prepaid pursuant to Section 2.2 of this Agreement, then one hundred ten percent (110%) of the Allocated Loan Amount of such Property being released, and (ii) if $256,000,000 or more
has been prepaid pursuant to Section 2.2 of this Agreement, then one hundred fifteen percent (115%) of the Allocated Loan Amount of such Property being released thereafter. 

“Prior Loan” has the meaning set forth in Section 4.17(c). 

“Prohibited Change of Control” means the occurrence of either or both of the following: (i) the failure of Borrower to
be Controlled by Sponsor or one or more Qualified Equityholders (individually or collectively), or (ii) the failure of Master Tenant, Borrower or Mezzanine Borrower to be Controlled by Sponsor or the same Qualified Equityholder(s) that Control
Borrower. For the avoidance of doubt, “Prohibited Change of Control” shall exclude any of the foregoing events (i) or (ii) resulting from the exercise by Mezzanine Lender of its rights and/or remedies under its respective Mezzanine
Loan Documents to the extent permitted under any Intercreditor Agreement. 
 “Prohibited Pledge” has the meaning set forth
in Section 7.1(f). 
 “Prohibited Use” means any use or proposed use of any Property or portion thereof for the
following: 
 (i) any mortuary, funeral home or crematorium; 

(ii) any massage parlor appealing to prurient interests; 

(iii) any adult book or film store, adult entertainment nightclub or similar business appealing to prurient interests or selling or displaying
pornographic or obscene materials; 
 (iv) any motor fuel or other hydrocarbon filling or dispensing station (other than a business that
sells pre-filled propane tanks or dispenses and sells propane from an above-ground propane storage tank located on such Property as an ancillary part of its business and in accordance with applicable Legal Requirements); 

  
 28 

 (v) any manufacturing, distilling, refining, smelting, agricultural (other than the sale of
agricultural items and maintenance area devoted to the sale of garden items, plants, shrubs and gardening and farming supplies and tools) or mining operation; 

(vi) any living quarters, sleeping apartments or lodging rooms; 

(vii) any animal raising facility (except that this provision shall not prohibit a veterinary hospital or pet shops or the maintenance of live
animals for sale or the provision of veterinary services in conjunction with the operation of any such pet shop); 
 (viii) any flea market,
amusement park, pool or billiard hall, dance hall or discotheque, carnival, circus, casino, bingo parlor, gaming hall, off-track betting parlor or other gambling operation or facility (except that a business may sell sale of lottery tickets and
similar gaming activities as an ancillary part of its business and a restaurant may contain an arcade or similar facility for its customers, provided that such arcade or similar facility is not the primary use of the Property for example, Dave &
Buster’s, Chuck E. Cheese’s and such similar establishments are permitted uses); 
 (ix) any central laundry, dry cleaning facility
or laundromat; 
 (x) any use which produces explosion or other damaging or dangerous hazard (including the storage, display or sale of
explosives or fireworks) (but excluding the sale of propane as permitted by clause (iv) above); 
 (xi) any use which violates any of the
Permitted Encumbrances; or 
 (xii) any so called “head shop,” “marijuana dispensary” or other similar business engaged
in the sale of marijuana, rolling paper or other drug paraphernalia. 
 “Properties” means the real property described on
Schedule A, together with all buildings and other improvements thereon and all personal property appurtenant thereto; and “Property” means an individual property included in the Properties or all Properties
collectively, as the context may require. 
 “Qualified Equityholder” means (i) Sponsor, (ii) Bain Capital Partners, LLC,
(iii) Kohlberg Kravis Roberts & Co. L.P., (iv) Vornado Realty Trust, (v) any Person approved by Lender with respect to which the Rating Condition is satisfied, (vi) a bank, saving and loan association, investment bank, insurance company, trust
company, commercial credit corporation, pension plan, pension fund or pension advisory firm, mutual fund, government entity or plan, real estate company, investment fund or an institution substantially similar to any of the foregoing or any
wholly-owned subsidiary of such Person which is Controlled by such Person, provided in each case under this clause (vi) that such Person (x) has total assets (in name or under management) in excess of $1,000,000,000 and (except with respect to a
pension advisory firm or similar fiduciary) capital/statutory surplus or shareholder’s equity in excess of $500,000,000 (in both cases, exclusive of the Properties), and (y) is regularly engaged in the business of owning and operating
comparable properties, (vii) Mezzanine Lender (or its designee) upon its acquisition of the equity interest in Borrower through foreclosure or a transfer in lieu of foreclosure, in each case, in accordance with the Intercreditor Agreement, or (viii)
with respect to clauses (i) through (vi) above, any wholly-owned subsidiary of such Person which is Controlled by such Person. 

  
 29 

 “Qualifying Lease” means a Lease to a Tenant that is in occupancy at any of the
Properties, open for business at such Property, not in default under its Lease and not the subject of a bankruptcy or similar insolvency proceedings (unless such Tenant has assumed such Lease in bankruptcy). 

“Qualified Replacement Mezzanine Lender” means any one or more of the following:

(a) Lender and Mezzanine Lender;

(b) any bank, investment bank, insurance company, real estate investment trust, saving and loan association, trust company, commercial credit
corporation, pension plan, pension fund, pension advisory firm, mutual fund, government entity or plan, investment company, money management firm, “qualified institutional buyer” within the meaning of Rule 144A under the Securities Act of
1933, as amended, or “institutional accredited investor” within the meaning of Regulation D under the Securities Act of 1933, as amended, and any institution similar to any of the foregoing, provided in each case under this clause (b) that
such Person satisfies the Eligibility Requirements; 
 (c) an investment fund, limited liability company, limited partnership or general
partnership (a “Permitted Investment Fund”) where (i) a Permitted Fund Manager acts (directly or indirectly) as general partner, managing member or fund manager, and (ii) (x) at least 50% of the equity interests in such investment
vehicle are owned, directly or indirectly, by one or more of the following: a Qualified Replacement Mezzanine Lender, an institutional “accredited investor”, within the meaning of Regulation D promulgated under the Securities Act of
1933, as amended, and/or a “qualified institutional buyer” or both within the meaning of Rule 144A promulgated under the Securities Exchange Act of 1934, as amended, provided such institutional “accredited investors”
or “qualified institutional buyers” that are used to satisfy the 50% test set forth above in this clause (c) satisfy the financial tests in clause (i) of the definition of Eligibility
Requirements, or (y) such Permitted Investment Fund, collectively with one or more other Permitted Investment Funds that then hold interests in the Mezzanine Loan and are managed by such Permitted Fund Manager, in the aggregate satisfy the financial
tests in clause (i) of the definition of Eligibility Requirements; or 
 (d) any Person Controlling, Controlled
by, or under common Control with any one or more of the Persons described in clauses (a), (b), or (c) of this definition. 

“Ratable Share” shall mean, with respect to any Co-Lender, its share of the Loan based on the proportion of the Principal
Indebtedness advanced by such Co-Lender to the total Principal Indebtedness. The Ratable Share of each Co-Lender on the date of this Agreement after giving effect to the funding of the Loan on the Closing Date is as follows: (a) with respect to
GS, 50%; and (b) with respect to BOA, 50%. 

  
 30 

 “Rating Agency” means, prior to the final Securitization of the Loan, each of
S&P and Morningstar, or any other nationally-recognized statistical rating agency that has been designated by Lender and, after the final Securitization of the Loan, shall mean any of the foregoing that have rated and continue to rate any of the
Certificates (excluding unsolicited ratings). 
 “Rating Condition” means, with respect to any proposed action, the receipt
by Lender of confirmation in writing from each of the Rating Agencies that continues to rate the outstanding Certificates that such action shall not result, in and of itself, in a downgrade, withdrawal, or qualification of any rating then assigned
to any outstanding Certificates; except that if all or any portion of the Loan has not been Securitized pursuant to a Securitization rated by the Rating Agencies, then “Rating Condition” shall instead mean the receipt of prior written
approval of both (x) the applicable Rating Agencies (if and to the extent that any portion of the Loan has been Securitized pursuant to a Securitization or series of Securitizations rated by such Rating Agencies and such Rating Agencies continue to
rate the outstanding Certificates), and (y) Lender in its sole discretion (unless this Agreement otherwise provides that Lender will act in its reasonable discretion). No Rating Condition shall be regarded as having been satisfied unless and
until any conditions imposed on the effectiveness of any confirmation from any Rating Agency shall have been satisfied. Lender shall have the right in its sole discretion to waive a Rating Condition requirement with respect to any Rating Agency
that Lender determines has declined to review the applicable proposal. 
 “REA” means, individually or collectively (as the
context may require), (i) those certain reciprocal easement or similar agreements more particularly described on the Title Insurance Policies delivered to Lender on or prior to the Closing Date and identified on the Title Insurance Policies and (ii)
any further reciprocal easement or similar agreements affecting any Property approved by Lender (to the extent such agreement does not constitute a Permitted Encumbrance). 

“Reference Banks” means four major banks in the London interbank market selected by Lender. 

“Regulation AB” shall mean Regulation AB under the Securities Act and the Exchange Act, as such Regulation may be amended
from time to time. 
 “Regulatory Change” means any change after the Closing Date in federal, state or foreign laws or
regulations or the adoption or the making, after such date, of any interpretations, directives or requests applying to a class of banks or companies controlling banks, including Lender, of or under any federal, state or foreign laws or regulations
(whether or not having the force of law) by any court or governmental or monetary authority charged with the interpretation or administration thereof. 

“Release” with respect to any Hazardous Substance means any release, deposit, discharge, emission, leaking, leaching,
spilling, seeping, migrating, injecting, pumping, pouring, emptying, escaping, dumping, or other disposing of Hazardous Substances into or through the indoor or outdoor environment, and “Released” has the meaning correlative
thereto. 
 “Release Deposit Amount” has the meaning set forth in Section 2.2(c). 

  
 31 

 “Release Price” means in connection with a release of a Property pursuant to
Section 2.2 of this Agreement, an amount equal to the greater of (a) the Principal Release Price for such Property, and (b) eighty percent (80%) of the Net Sales Proceeds from the Transfer of such Property. 

“Rent Instruction” means that certain obligation contained in the Master Lease with respect to payments of Master Lease Rent
directly into the Lockbox Account. 
 “Rent Roll” has the meaning set forth in Section 4.14(a). 

“Replacement Mezzanine Financing” has the meaning set forth in Section 2.5. 

“Revenues” means all Master Lease Rents, rents (including percentage rent), rent equivalents, moneys payable as damages
pursuant to a Lease or in lieu of rent or rent equivalents (including all Termination Fees), royalties (including all oil and gas or other mineral royalties and bonuses), income, receivables, receipts, revenues, deposits (including security, utility
and other deposits), accounts, cash, issues, profits, charges for services rendered, and other consideration of whatever form or nature received by or for the account of or benefit of Borrower from any and all sources including any obligations now
existing or hereafter arising or created out of the sale, lease, sublease, license, concession or other grant of the right of the use and occupancy of property or rendering of services by Borrower and proceeds, if any, from business interruption or
other loss of income insurance. 
 “S&P” means Standard & Poor’s Ratings Services, and its successors. 

“Securitization” means a transaction in which all or any portion of the Loan is deposited into one or more trusts or entities
that issue Certificates to investors, or a similar transaction; and the term “Securitize” and “Securitized” have meanings correlative to the foregoing. 

“Servicer” means the entity or entities appointed by Lender from time to time to serve as servicer and/or special servicer of
the Loan. If at any time no entity is so appointed, the term “Servicer” shall be deemed to refer to Lender. 

“Severed Loan Documents” has the meaning set forth in Section 7.2(e). 

“Single-Purpose Entity” means (x) with respect to Mezzanine Borrower, a “Single-Purpose Entity” as such term is
defined in the Mezzanine Loan Agreement and (y) with respect to Borrower, a Person that: 
 (a) was formed under the laws of
the State of Delaware solely for the purpose of acquiring, holding, developing, owning, selling, leasing, transferring, exchanging, managing, financing and operating an ownership interest in one or more of the Properties and entering into and
performing its obligations as landlord under the Master Lease; 
 (b) does not engage in any business unrelated to the
Properties; 

  
 32 

 (c) does not own any assets other than those related to its interest in
the Properties (and does not and will not own any assets on which Lender does not have a Lien, other than excess cash that has been released to Borrower pursuant hereto);

(d) does not have any Debt other than Permitted Debt; 

(e) maintains books, accounts, records and financial statements that are separate and apart from those of any other Person
and does not list its assets as assets on the financial statement of any other Person (except that such Person’s financial position, assets, results of operations and cash flows may be included in the consolidated financial statements of an
affiliate of such Person in accordance with GAAP, provided that (i) appropriate notation is made on such consolidated financial statements to indicate the separateness of such Person from such Affiliate and to indicate that such Person’s assets
and credit are not available to satisfy the debts or other obligations of such Affiliate or any other Person and (ii) such assets shall also be listed on such Person’s own separate balance sheet); 

(f) maintains stationery, invoices and checks (if any) bearing its own name; 

(g) is subject to and complies with all of the limitations on powers and separateness requirements set forth in the
organizational documentation of such Person as of the Closing Date; 
 (h) holds itself out as being a Person separate
and apart from each other Person and does not identify itself as a division or part of another Person and holds itself out of the public as a legal entity separate and distinct from any other Person; 

(i) conducts its business solely in its own name; 

(j) corrects any misunderstanding actually known to it regarding its separate identity, maintains an arms’-length
relationship with its Affiliates and only enters into a transaction, contract or agreement with an Affiliate in the ordinary course of business upon terms and conditions that are intrinsically fair, commercially reasonable and substantially similar
to those that would be available on an arms’-length basis with unaffiliated third parties; 
 (k) pays its own
liabilities out of its own funds, including the salaries of its own employees, if any (provided that the foregoing shall not require such Person’s equityholders to make any additional capital contributions or loans to such Person) and fairly
and reasonably allocates any overhead that is shared with an Affiliate, including paying for shared office space and services performed by any officer or employee of an Affiliate; 

(l) maintains a sufficient number of employees, if any, in light of its contemplated business operations; 

  
 33 

 (m) conducts its business so that the assumptions made with respect to it that
are contained in the Nonconsolidation Opinion shall at all times be true and correct in all material respects; 
 (n)
maintains its assets in such a manner that it will not be costly or difficult to segregate, ascertain or identify its individual assets from those of any other Person; 

(o) observes all applicable entity-level formalities in all material respects; 

(p) does not commingle its assets with those of any other Person, and holds its assets in its own name; 

(q) does not assume, guarantee or become obligated for the debts or obligations of any other Person, and does not hold out its
assets or credit as being available to satisfy the debts, obligations or securities of others; 
 (r) does not hold out its
assets or credit of any Affiliate as being available to satisfy its debts or obligations; 
 (s) does not acquire obligations
or securities of its direct or indirect equityholders; 
 (t) does not pledge its assets for the benefit of any other Person
and does not make any loans or advances to any other Person; 
 (u) intends to maintain adequate capital in light of its
contemplated business operations (provided that the foregoing shall not require such Person’s partners, members or shareholders to make any additional capital contributions or loans to such Person); 

(v) has two Independent Directors and has organizational documents that (i) provide that the Independent Directors shall
consider only the interests of Borrower, including its creditors, and shall have no fiduciary duties to Borrower’s equityholders (except to the extent of their respective interests in Borrower), and (ii) prohibit the replacement of any
Independent Director without Cause and without giving at least two Business Days’ prior written notice to Lender and the Rating Agencies (except in the case of the death, legal incapacity, or voluntary non-collusive resignation of an
Independent Director, in which case no prior notice to Lender or the Rating Agencies shall be required in connection with the replacement of such Independent Director with a new Independent Director that is provided by any of the companies listed in
the definition of “Independent Director”); 
 (w) if it is a single member limited liability company, has
organizational documents that provide that upon the occurrence of any event that causes it to have no members while the Loan is outstanding, at least one of its Independent Directors shall automatically be admitted as its sole member and shall
preserve and continue its existence without dissolution; 

  
 34 

 (x) files its own tax returns separate from those of any other Person, except to
the extent it is not required to file tax returns under applicable law, and pays any taxes required to be paid by it under applicable law only from its own funds; and 

(y) has by-laws or an operating agreement which provides that, for so long as the Loan is outstanding, such Person shall not
take or consent to any of the following actions except to the extent expressly permitted in this Agreement and the other Loan Documents:
  

	 	(i)	the dissolution, liquidation, consolidation, merger or sale of all or substantially all of its assets (to the fullest extent permitted by law); 

 

	 	(ii)	the engagement by such Person in any business other than the acquisition, holding, development, management, leasing, ownership, maintenance, financing, transfer and operation of the applicable Property and activities
incidental thereto; 

  

	 	(iii)	the filing, or consent to the filing, of a bankruptcy or insolvency petition, any general assignment for the benefit of creditors or the institution of any other insolvency proceeding, the seeking or consenting to the
appointment of a receiver, liquidator, assignee, trustee, sequestrator, custodian or any similar official in respect of such Person, admitting in writing in a legal proceeding such Person’s inability to pay its debts generally as they become
due (unless failure to do so is a violation of law), in each case, in respect of itself, without the affirmative vote of both of its Independent Directors; and 

  

	 	(iv)	any amendment or modification of any provision of its organizational documents relating to qualification as a “Single-Purpose Entity”. 

“Sponsor” means Toys “R” Us, Inc., a Delaware corporation. 

“Sponsor Related Fund Manager” means Bain Capital Partners, LLC, Kohlberg Kravis Roberts & Co. L.P. and Vornado Realty
Trust, or any Affiliate thereof. 
 “Spread” means (a) with respect to Component A, 2.2587% per annum; (b) with respect to
Component B, 3.1587% per annum, (c) with respect to Component C, 4.0087% per annum, (d) with respect to Component D, 6.2587% per annum, (e) with respect to Component E, 8.7587% per annum and (f) with respect to Component F, 12.0087% per annum. 

“Spread Maintenance Premium” shall mean, with respect to any prepayment of the outstanding principal amount of the Loan prior
to the Par Prepayment Date except as otherwise provided in this Agreement, a payment to Lender in an amount equal to the product of (i) the principal amount so prepaid, and (ii) the Spread applicable to the Note Component(s) to which such prepayment
is applied, and (iii) a fraction, the numerator of which is the number of days from (but excluding) the conclusion of the Interest Period in which such prepayment is made through and including the Par Prepayment Date, and the denominator of which is
360. 

  
 35 

 “Strike Rate” means (i) with respect to the period prior to the initial Maturity
Date, 2.50% and (ii) with respect to each Extension Term, a rate which, together with the Spread, results in a DSCR of 1.35:1.00 for the Test Period then most recently ended.

“Subordination of Domestic Services Agreement” means that certain Consent and Agreement of Manager and Subordination of
Domestic Services Agreement executed by Borrower and Master Tenant as of the Closing Date, as the same may from time to time be amended, restated, replaced, supplemented or otherwise modified in accordance herewith. 

“Subordination of Master Lease” means that certain Master Lease Subordination and Attornment Agreement executed by Borrower
and Master Tenant as of the Closing Date, as the same may from time to time be amended, restated, replaced, supplemented or otherwise modified in accordance herewith. 

“Successor Borrower” means a Single-Purpose Entity that is Controlled by one or more Qualified Equityholders. 

“Survey” means, with respect to each Property, a land title survey thereof, certified to Borrower, the title company issuing
the applicable Title Insurance Policy and Lender and their respective successors and assigns, in form and substance reasonably satisfactory to Lender. 

“Taxes” means all real estate and personal property taxes, assessments, fees, taxes on rents or rentals, water rates or sewer
rents, facilities and other governmental, municipal and utility district charges or other similar taxes or assessments now or hereafter levied or assessed or imposed against the Properties or Borrower with respect to the Properties or rents
therefrom or that may become Liens upon any of the Properties, without deduction for any amounts reimbursable to Borrower by third parties. 

“Tenant” means any Person liable by contract or otherwise to pay monies (including a percentage of gross income, revenue or
profits) pursuant to a Lease. 
 “Tenant Improvements” means, collectively, (i) tenant improvements to be undertaken by or
for any Tenant that are required to be completed by or on behalf of Borrower or Tenant pursuant to the terms of such Tenant’s Lease, (ii) tenant improvements paid or reimbursed through allowances to a Tenant pursuant to such Tenant’s Lease
and (iii) tenant improvements to be undertaken by or for or on behalf of Borrower to enable Borrower to market a Property or any portion thereof for sale and/or lease. 

“Tenant Notice” has the meaning set forth in Section 3.1(a). 

“Termination Fee” has the meaning set forth in Section 3.5(d). 

“Test Period” means each 12-month period ending on the last day of a Fiscal Quarter. 

  
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 “Threshold Amount” means at any given time (i) subject to clause (ii) below,
with respect to any Property, an amount equal to $5,000,000 and (ii) with respect to the Properties in the aggregate, an amount equal to $30,000,000; provided, however, that if the aggregate amount applicable with respect to all of the
Properties at any given time exceeds $30,000,000, then the Threshold Amount shall mean five percent (5%) of the Allocated Loan Amount for any Property. 

“TI/LC and Capital Expenditure Reserve Account” has the meaning set forth in Section 3.5(a). 

“Title Insurance Policy” means, with respect to each Property, an American Land Title Association lender’s title
insurance policy or a comparable form of lender’s title insurance policy approved for use in the applicable jurisdiction, in form and substance reasonably satisfactory to Lender.

“Trade Payables” means unsecured amounts payable by or on behalf of Borrower for or in respect of the operation of the
Properties in the ordinary course and that would under GAAP be regarded as ordinary expenses, including amounts payable to suppliers, vendors, contractors, mechanics, materialmen or other Persons providing property or services to the Properties or
Borrower and the capitalized amount of any ordinary-course financing leases. 
 “Transaction” means, collectively, the
transactions contemplated and/or financed by the Loan Documents. 
 “Transfer” means the sale or other whole or partial
conveyance of all or any portion of any of the Collateral or any direct or indirect interest therein to a third party, including granting of any purchase options, rights of first refusal, rights of first offer or similar rights in respect of any
portion of the Collateral or the subjecting of any portion of the Collateral to restrictions on transfer; except that the conveyance of a lease at a Property in accordance herewith shall not constitute a Transfer.

“Trigger Period” means a Partial Trigger Period and/or Full Trigger Period, as applicable. 

“True Lease Opinion” means that certain true lease opinion letter dated the date hereof delivered by Latham & Watkins LLP
in connection with the Loan.
 “Use” means, with respect to any Hazardous Substance, the generation, manufacture,
processing, distribution, handling, possession, use, discharge, placement, treatment, disposal, disposition, removal, abatement, recycling or storage of such Hazardous Substance or transportation of such Hazardous Substance. 

“U.S. Person” means a United States person within the meaning of Section 7701(a)(30) of the Code. 

“U.S. Tax” means any present or future tax, assessment, impost, duty, deduction, withholding (including backup withholding),
fee or other charge or levy imposed by or on behalf of the United States of America or any taxing authority thereof or thereunder, including any interest, additions to tax, or penalties applicable thereto. 

“Waste” means any material physical abuse or destructive use of any Property. 

  
 37 

 (b) Rules of Construction. Unless otherwise specified, (i) all references to
sections, schedules and exhibits are to sections, schedules and exhibits in or to this Agreement, (ii) all meanings attributed to defined terms in this Agreement shall be equally applicable to both the singular and plural forms of the terms so
defined, (iii) “including” means “including, but not limited to”, (iv) “mortgage” means a mortgage, deed of trust, deed to secure debt or similar instrument, as applicable, and “mortgagee” means the secured
party under a mortgage, deed of trust, deed to secure debt or similar instrument, (v) the words “hereof,” “herein,” “hereby,” “hereunder” and words of similar import when used in this Agreement shall refer to
this Agreement as a whole and not to any particular provision, article, section or other subdivision of this Agreement, (vi) unless otherwise indicated, all references to “this Section” shall refer to the Section of this Agreement in which
such reference appears in its entirety and not to any particular clause or subsection or such Section, (vii) the use of the phrases “an Event of Default exists”, “during the continuance of an Event of Default” or similar phrases
in the Loan Documents shall not be deemed to grant Borrower any right to cure an Event of Default, and each Event of Default shall continue unless and until the same is waived by Lender in writing in accordance with the requirements of the Loan
Documents, and (viii) terms used herein and defined by cross-reference to another agreement or document shall have the meaning set forth in such other agreement or document as of the Closing Date, notwithstanding any subsequent amendment or
restatement of or modification to such other agreement or document. Except as otherwise indicated, all accounting terms not specifically defined in this Agreement shall be construed in accordance with GAAP, as the same may be modified in this
Agreement.
 (c) Notwithstanding anything to the contrary contained herein, including references to the Mezzanine Loan or to capitalized
terms being defined in the Mezzanine Loan Agreement, nothing herein creates any obligation of Borrower with respect to any of the Mezzanine Loan Documents and Borrower has no obligations to comply with and shall not be liable under any Mezzanine
Loan Document and nothing herein creates any obligation of Mezzanine Borrower with respect to any of the Loan Documents and Mezzanine Borrower does not have any obligations to comply with and shall not be liable under this Agreement or any Loan
Document. 
 ARTICLE I 

GENERAL TERMS 
 Section
1.1. The Loan; Term.
 (a) On the Closing Date, subject to the terms and conditions of this Agreement, Lender shall make a loan to
Borrower (the “Loan”) in an amount equal to the Loan Amount. The Loan shall be represented by the Notes that shall bear interest as described in this Agreement at a per annum rate as provided in Section
1.2(a). Interest payable hereunder shall be computed on the basis of a 360-day year and the actual number of days elapsed in the related Interest Accrual Period. 

(b) The Loan shall be secured by the Collateral pursuant to the Mortgages and the other Loan Documents.

  
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 (c) For purposes of the computation of the interest accrued on the Loan from time to time and
certain other computations set forth herein, the Loan shall be divided into multiple components designated as “Component A”, “Component B”, “Component C”, “Component D”,
“Component E” and “Component F”. The following table sets forth the initial principal amount of each such Note Component. 
  

					
	 Component
	  	Initial Principal Amount	 
	 Component A
	  	$	244,871,000	  
	 Component B
	  	$	52,100,000	  
	 Component C
	  	$	39,075,000	  
	 Component D
	  	$	47,932,000	  
	 Component E
	  	$	65,126,000	  
	 Component F
	  	$	62,896,000	  

 (d) Borrower shall have two (2) successive options to extend the scheduled Maturity Date of the Loan to the
Payment Date in the month containing the one-year anniversary of the Maturity Date as theretofore in effect (the period of each such extension, an “Extension Term”), provided that as a condition to each Extension Term, (i) Borrower
shall deliver to Lender written notice of such extension at least 30 and not more than 60 days prior to the Maturity Date as theretofore in effect; (ii) no Event of Default shall be continuing on either the date of such notice or the Maturity Date
as theretofore in effect; (iii) Borrower shall have obtained an Interest Rate Cap Agreement for the applicable Extension Term and collaterally assigned such Interest Rate Cap Agreement to Lender pursuant to an Assignment of Interest Rate Cap
Agreement; (iv) for the first Extension Term only, either (x) the outstanding principal balance of the Mezzanine Loan as of the date of such extension is less than $41,000,000 or (y) the Four-Wall EBITDAR to Rent Ratio for the Test Period then most
recently ended shall be no less than 1.85:1.00, as determined by Lender; (v) for the second Extension Term only, the Four-Wall EBITDAR to Rent Ratio for the Test Period then most recently ended shall be no less than 2.20:1.00, as determined by
Lender; (vi) for the second Extension Term only, Borrower shall have paid in respect of such Extension Term an extension fee in an amount equal to 0.25% of the outstanding principal balance of the Loan (after application in accordance with this
Agreement of the payment of any Monthly Amortization Amount or other principal prepayment); (vii) Borrower shall have reimbursed Lender for all reasonable out-of-pocket expenses incurred by Lender in connection with such extension; and (viii)
provided the Mezzanine Loan is outstanding, the Mezzanine Loan shall have been extended in accordance with Section 1.1(c) of the Mezzanine Loan Agreement, such that the Mezzanine Loan shall be coterminous with the Loan after giving effect to such
extension, and Borrower shall have delivered to Lender evidence satisfactory to Lender of such extension. If Borrower fails to exercise any extension option in accordance with the provisions of this Agreement, such extension option, and any
subsequent extension option hereunder, will automatically cease and terminate. Borrower shall have the right to prepay the Loan pursuant to and in accordance with Section 2.1 hereof in an amount sufficient to enable Borrower to comply
with the financial tests set forth in this Section 1.1(d).

  
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 Section 1.2. Interest and Principal.

(a) On each Payment Date, Borrower shall pay interest on each applicable Note Component outstanding comprising the Principal Indebtedness for
the applicable Interest Accrual Period at a rate per annum equal to the sum of the Spread applicable to such Note Component plus the greater of (x) 0.0% (zero basis points) or (y) LIBOR, determined as of the Interest Determination Date
immediately preceding such Interest Accrual Period (except that at any time that the Loan is a Prime Rate Loan, such rate per annum shall be the sum of the Prime Rate Spread plus the greater of (x) 0.0% (zero basis points) and (y) the Prime Rate,
determined as of the Interest Determination Date immediately preceding such Interest Accrual Period; and in each case, interest shall be payable on the Indebtedness, including due but unpaid interest, at the Default Rate with respect to any portion
of such Interest Accrual Period falling during the continuance of an Event of Default). In addition, on each and every Payment Date, Borrower shall make a repayment of principal in an amount equal to the applicable Monthly Amortization
Amount. Any payment under this Section 1.2(a) shall be first applied to pay down accrued and outstanding interest (applied among the Note Components sequentially to Component A, Component B, Component C, Component D, Component E and Component
F, in that order, in each case to pay all accrued and outstanding interest) and then towards payment of principal (applied among the Note Components (A) first, to Component A until the Component Outstanding Principal Balance of Component A is
reduced to zero, (B) second, to Component B until the Component Outstanding Principal Balance of Component B is reduced to zero, (C) third, to Component C until the Component Outstanding Principal Balance of Component C is reduced to
zero, (D) fourth, to Component D until the Component Outstanding Principal Balance of Component D is reduced to zero, (E) fifth, to Component E until the Component Outstanding Principal Balance of Component E is reduced to zero, and
(F) sixth, to Component F until the Component Outstanding Principal Balance of Component F is reduced to zero). For purposes of calculating interest, the amount of any principal so repaid shall be treated as if it remained outstanding
through the end of the Interest Accrual Period in which such Payment Date falls. As of the Closing Date, the Loan is a LIBOR Loan, and except as provided in Section 1.2(d), the Loan shall at all times be a LIBOR Loan. 

Notwithstanding the foregoing, on the Closing Date, Borrower shall pay interest from and including the Closing Date through the end of the
first Interest Accrual Period, in lieu of making such payment on the first Payment Date following the Closing Date.
 (b) No prepayments of
the Loan shall be permitted except for (i) prepayments made pursuant to Section 2.1 and Section 2.2, (ii) prepayments resulting from Casualty or Condemnation as described in Section 5.16 and (iii) payment of
the Monthly Amortization Amount, pursuant to Section 1.2(a). The entire outstanding Principal Indebtedness, together with all interest thereon through the end of the Interest Accrual Period in which the Maturity Date falls (calculated as
if such Principal Indebtedness were outstanding for the entire Interest Accrual Period) and all other amounts then due under the Loan Documents shall be due and payable by Borrower to Lender on the Maturity Date. 

(c) Any payments of interest and/or principal not paid when due hereunder shall bear interest at the applicable Default Rate and, in the case
of all payments due hereunder other than the repayment of the Principal Indebtedness on the Maturity Date, when paid shall be accompanied by a late fee in an amount equal to the lesser of five percent of such unpaid sum and the maximum amount
permitted by applicable law, in order to defray a portion of the expense incurred by Lender in handling and processing such delinquent payment and to compensate Lender for the loss of the use of such delinquent payment. 

  
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 (d) In the event that Lender shall reasonably determine that by reason of circumstances affecting
the interbank Eurodollar market, adequate and reasonable means do not exist for ascertaining LIBOR in accordance with the definition thereof, then the Loan shall be converted to a Prime Rate Loan effective as of the commencement of the Interest
Accrual Period following the date of such determination, and Lender shall give notice thereof to Borrower by telephone at least one Business Day prior to the applicable Interest Determination Date (which notice shall thereafter be promptly confirmed
by Lender in writing). If, pursuant to this Section, any portion of the Loan has been converted to a Prime Rate Loan and Lender thereafter determines that the events or circumstances that resulted in such conversion are no longer applicable,
the Loan shall be converted to a LIBOR Loan effective as of the commencement of the Interest Accrual Period following the date of such determination, and Lender shall give notice thereof to Borrower by telephone at least one day prior to the
applicable Interest Determination Date (which notice shall thereafter be promptly confirmed by Lender in writing). Borrower shall pay to Lender, promptly following demand, any additional amounts necessary to compensate Lender for any reasonable
out-of-pocket costs incurred by Lender in making any conversion in accordance with this Section. Upon any conversion of the Loan pursuant to this Section, the interest rates applicable to such Notes or Note Components shall be proportionately
adjusted to reflect such conversion. Except as provided in this Section, the Loan shall at all times be a LIBOR Loan. In no event shall Borrower have the right to convert a LIBOR Loan to a Prime Rate Loan.

Section 1.3. Method and Place of Payment. Except as otherwise specifically provided in this Agreement, all payments and
prepayments under this Agreement and the Notes shall be made to Lender not later than 1:00 p.m., New York City time, on the date when due and shall be made in lawful money of the United States of America by wire transfer in federal or other
immediately available funds to the account specified from time to time by Lender. Any funds received by Lender after such time shall be deemed to have been paid on the next succeeding Business Day. Lender shall notify Borrower in writing
of any changes in the account to which payments are to be made. If the amount received from Borrower (or from the Cash Management Account pursuant to Section 3.2(b)) is less than the sum of all amounts then due and payable hereunder,
such amount shall be applied, at Lender’s sole discretion, either toward the components of the Indebtedness (to pay down accrued and outstanding interest and principal in the order provided under Section 1.2(a)) and, then, all other amounts
then due and payable under the Loan Documents or toward the payment of Property expenses. Whenever any payment to be made hereunder or under any other Loan Document shall be stated to be due on a day which is not a Business Day, the due date
thereof shall be deemed to be the immediately preceding Business Day. 

  
 41 

 Section 1.4. Taxes; Regulatory Change.

(a) Borrower shall indemnify Lender and hold Lender harmless from and against any present or future stamp, documentary or other similar or
related taxes or other similar or related charges now or hereafter imposed, levied, collected, withheld or assessed by any Governmental Authority by reason of the execution delivery, performance, enforcement or registration of, from the receipt or
perfection of a security interest under, or otherwise with respect to any Loan Documents and any consents, waivers, amendments and enforcement of rights under the Loan Documents, except any such taxes or other similar or related charges imposed with
respect to an assignment that are Other Connection Taxes. 
 (b) If Borrower is required by law to withhold or deduct any amount from any
payment hereunder in respect of any Borrower Tax, Borrower shall withhold or deduct the appropriate amount, remit such amount to the appropriate Governmental Authority and pay to the Lender and each Person to whom there has been an Assignment or
Participation of a Loan such additional amounts as are necessary in order that the net payment of any amount due hereunder, after deduction for or withholding in respect of any Borrower Tax imposed with respect to such payment (including such
deductions and withholdings applicable to additional amounts payable under this Section), will not be less than the amount stated in this Agreement to be then due and payable; except that the foregoing obligation to pay such additional amounts shall
not apply (i) to any net income, franchise taxes or branch profits taxes, in each case (A) imposed by the jurisdiction under the laws of which the Lender is organized, has its principal place of business or where its applicable lending office is
located or (B) that are Other Connection Taxes, (ii) with respect to any amount of U.S. Tax in effect and applicable to payments to the Lender under the law in effect on the date of this Agreement or the date such Lender changes its lending office
(or, for payments made under this Agreement to any Person to whom there has been an Assignment or Participation, with respect to any amount of U.S. Tax imposed by any law in effect and applicable to payments to such Person on the date of such
Assignment or Participation), (iii) to any amount of Borrower Taxes imposed solely by reason of the failure of a Lender to comply with Section 1.4(d) below, or (iv) any taxes imposed under FATCA. If Borrower shall fail to pay any Borrower Taxes
or other amounts that Borrower is required to pay pursuant to this Section 1.4(b), and Lender or any Person to whom there has been an Assignment or Participation of a Loan pays the same, Borrower shall reimburse Lender or such Person promptly
following demand therefor, whether or not such Borrower Taxes were correctly or legally asserted, including any reasonable expenses arising therefrom or with respect thereto 

(c) Within 30 days after paying any amount from which it is required by law to make any deduction or withholding, and within 30 days after it
is required by law to remit such deduction or withholding to any relevant taxing or other authority, Borrower shall deliver to Lender satisfactory evidence of such deduction, withholding or payment (as the case may be). 

(d) 
 (i) Any
Lender that is entitled to an exemption from or reduction of withholding tax with respect to payments made under any Loan Document shall deliver to Borrower, at the time or times reasonably requested in writing by Borrower, such properly completed
and executed documentation reasonably requested by Borrower as will permit such payments to be made without withholding or at a reduced rate of 

  
 42 

 
withholding. In addition, any Lender, if reasonably requested by Borrower, shall deliver such other documentation prescribed by applicable law or reasonably requested by Borrower as will
enable Borrower to determine whether or not such Lender is subject to backup withholding or information reporting requirements. Notwithstanding anything to the contrary in the preceding two sentences, the completion, execution and submission of
such documentation (other than such documentation set forth in Section 1.4(d)(ii)(A), (ii)(B) and (ii)(D) below) shall not be required if in the Lender’s reasonable judgment such completion, execution or submission would subject such Lender to
any material unreimbursed cost or expense or would materially prejudice the legal or commercial position of such Lender. 

(ii) Without limiting the generality of the foregoing, 

(A) any Lender that is a U.S. Person shall deliver to Borrower on or prior to the date on which such Lender becomes a Lender
under this Agreement (and from time to time thereafter upon the reasonable request of Borrower), executed copies of IRS Form W-9 certifying that such Lender is exempt from U.S. federal backup withholding tax. 

(B) any Lender that is not a U.S. Person (a “Foreign Lender) shall deliver to Borrower (in such number of copies as shall
be reasonably requested by the recipient) on or prior to the date on which such Foreign Lender becomes a Lender under this Agreement (and from time to time thereafter upon the reasonable request of Borrower, but only if the Foreign Lender is legally
entitled to do so), whichever of the following is applicable, IRS Form W-8BEN or Form W-8BEN-E (and, in the case Lenders claiming the benefits of the “portfolio interest exemption”, a certificate in the form of Exhibit C), Form
W-8EXP, Form W-8ECI, or W-8IMY (accompanied by appropriate attachments); 
 (C) any Foreign Lender shall, to the extent it is
legally entitled to do so, deliver to Borrower (in such number of copies as shall be reasonably requested by the recipient) on or prior to the date on which such Foreign Lender becomes a Lender under this Agreement (and from time to time thereafter
upon the reasonable request of Borrower), executed originals of any other form prescribed by applicable law as a basis for claiming exemption from or a reduction in any U.S. federal withholding tax, duly completed, together with such
supplementary documentation as may be prescribed by applicable law to permit Borrower to determine the withholding or deduction required to be made; and 

(D) if a payment made to a Lender under any Loan Document would be subject to withholding tax imposed by FATCA if such Lender
were to fail to comply with the applicable reporting requirements of FATCA (including those contained in Section 1471(b) or 1472(b) of the Code, as applicable), such Lender shall deliver to Borrower at the time or times prescribed by law and at such
time or times reasonably requested by Borrower such documentation prescribed by applicable law (including as prescribed by Section 1471(b)(3)(C)(i) of the Code) and such additional documentation reasonably requested by Borrower as may be necessary
for Borrower to comply with their obligations under FATCA and to determine that such Lender has complied with such Lender’s obligations under FATCA or to determine the amount to deduct and withhold from such payment. Solely for purposes of
this clause (D), “FATCA” shall include any amendments made to FATCA after the date of this Agreement. 

  
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 Lender agrees that if any form or certification it previously provided expires or becomes
inaccurate or obsolete in any respect, it shall update such form or certification or promptly notify Borrower in writing of its legal inability to do so. 

(e) If any party determines, in its sole discretion exercised in good faith, that it has received a refund of any taxes as to which it has been
indemnified pursuant to this Section 1.4 (including by the payment of additional amounts pursuant to this Section 1.4), it shall pay to the indemnifying party an amount equal to such refund (but only to the extent of indemnity payments made under
this Section with respect to the taxes giving rise to such refund), net of all out-of-pocket expenses (including taxes) of such indemnified party and without interest (other than any interest paid by the relevant Governmental Authority with respect
to such refund). Such indemnifying party, upon the request of such indemnified party, shall repay to such indemnified party the amount paid over pursuant to this paragraph (e) (plus any penalties, interest or other charges imposed by the
relevant Governmental Authority) in the event that such indemnified party is required to repay such refund to such Governmental Authority. This paragraph shall not be construed to require any indemnified party to make available its tax returns
(or any other information relating to its taxes that it deems confidential) to the indemnifying party or any other Person. 
 (f) If, as a
result of any Regulatory Change, any reserve, special deposit or similar requirements relating to any extensions of credit or other assets of, or any deposits with, Lender or any holder of all or a portion of the Loan is imposed, modified or deemed
applicable and the result is to increase the cost to such Lender or such holder of making or holding the Loan, or to reduce the amount receivable by Lender or such holder hereunder in respect of any portion of the Loan by an amount reasonably deemed
by Lender or such holder to be material (such increases in cost and reductions in amounts receivable, “Increased Costs”), then Borrower agrees that it will pay to Lender or such holder upon Lender’s or such holder’s
request such additional amount or amounts as will compensate Lender and/or such holder for such Increased Costs to the extent that such Increased Costs are reasonably allocable to the Loan. Lender will notify Borrower in writing of any event
occurring after the Closing Date that will entitle Lender or any holder of the Loan to compensation pursuant to this Section as promptly as practicable after it obtains knowledge thereof and determines to request such compensation and will designate
a different lending office if such designation will avoid the need for, or reduce the amount of, such compensation and will not, in the reasonable judgment of such Lender, be otherwise disadvantageous to such Lender. If such Lender shall fail
to notify Borrower of any such event within 9 months following the end of the month during which such event occurred, then Borrower’s liability for any amounts described in this Section incurred by such Lender as a result of such event shall be
limited to those attributable to the period occurring subsequent to the date that is 9 months prior to the date upon which such Lender actually notified Borrower of the occurrence of such event. Notwithstanding the foregoing, in no event shall
Borrower be required to compensate Lender or any holder of the Loan for any portion of the income or franchise taxes of Lender or such holder, whether or not attributable to payments made by Borrower. Additionally, this Section 1.4(f) shall not
apply to Increased Costs for taxes that are indemnified or for which additional amounts are payable under Section 1.4(b) or to taxes explicitly carved out 

  
 44 

 
of the gross-up under Section 1.4(b). If a Lender requests compensation under this Section, Borrower may, by notice to Lender, require that such Lender furnish to Borrower a statement
setting forth in reasonable detail the basis for requesting such compensation and the method for determining the amount thereof.
 (g) The
Borrower and each Lender agrees to treat, for U.S. federal income tax purposes, each Note Component as a separate debt instrument from other Note Components.

(h) Notwithstanding anything to the contrary hereunder or under any other Loan Documents, to the extent any portion of the Loan is transferred
pursuant to a Securitization, Borrower shall not be required to pay any additional amounts or tax indemnity under this Section 1.4 with respect to such portion. 

Section 1.5. Interest Rate Cap Agreements. 

(a) On or prior to the Closing Date, Borrower shall obtain, and thereafter maintain in effect, an Interest Rate Cap Agreement, which shall be
coterminous with the initial term of the Loan and have a notional amount equal to the Loan Amount (and thereafter at all times at least equal to then outstanding principal balance of the Loan). Any initial Interest Rate Cap Agreement shall have
a strike rate equal to or less than the Strike Rate. 
 (b) If Borrower exercises any of its options to extend the term of the Loan pursuant
to Section 1.1(d), on or prior to the commencement of the applicable Extension Term, Borrower shall obtain, and thereafter maintain in effect, an Interest Rate Cap Agreement having (x) a term coterminous with such Extension Term, (y) a
notional amount at least equal to the Principal Indebtedness as of the first day of such Extension Term, and (z) a strike rate equal to or less than the Strike Rate.

(c) Borrower shall collaterally assign to Lender pursuant to an Assignment of Interest Rate Cap Agreement all of its right, title and interest
in any and all payments under each Interest Rate Cap Agreement and shall deliver to Lender an executed counterpart of such Interest Rate Cap Agreement and obtain the consent of the Acceptable Counterparty to such collateral assignment (as evidenced
by the Acceptable Counterparty’s execution of such Collateral Assignment of Interest Rate Cap Agreement). 
 (d) Borrower shall comply
with all of its obligations under the terms and provisions of each Interest Rate Cap Agreement in all material respects. All amounts paid under an Interest Rate Cap Agreement shall be deposited directly into the Cash Management
Account. Borrower shall take all actions reasonably requested by Lender to enforce Lender’s rights under the Interest Rate Cap Agreement in the event of a default by the counterparty thereunder and shall not waive, amend or otherwise
modify any of its rights thereunder. 
 (e) If, at any time during the term of the Loan, the counterparty to the Interest Rate Cap Agreement
then in effect ceases to be an Acceptable Counterparty and thereafter fails to abide by the requirements set forth in such Interest Rate Cap Agreement with respect to ratings downgrades, then Borrower shall promptly (i) obtain a replacement Interest
Rate Cap 

  
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Agreement satisfying the requirements set forth in paragraph (a) or (b) above, as applicable, with a counterparty that is an Acceptable Counterparty, (ii) if provided for in such Interest Rate
Cap Agreement, promptly deliver to Lender a guaranty of all of the obligations of the counterparty pursuant to the Interest Rate Cap Agreement in form and substance acceptable to Lender and the Rating Agencies from an entity acceptable to Lender and
the Rating Agencies or (iii) if provided for in such Interest Rate Cap Agreement, promptly cause the counterparty to deliver collateral to secure Borrower’s exposure under the Interest Rate Cap Agreement in such amount and pursuant to such
terms as are acceptable to Lender and to the Rating Agencies. 
 (f) At Closing and at any time that Borrower obtains a replacement Interest
Rate Cap Agreement pursuant to this Section, Borrower shall deliver to Lender a legal opinion or opinions from counsel to the applicable Acceptable Counterparty (which counsel may be internal counsel) in form and substance reasonably satisfactory to
Lender. 
 Section 1.6. Release. Upon payment of the Indebtedness in full when permitted or required hereunder, Lender shall
execute instruments prepared by Borrower and reasonably satisfactory to Lender, which, at Borrower’s election and at Borrower’s sole cost and expense, either (a) release and discharge all Liens on all Collateral securing payment of the
Indebtedness (subject to Borrower’s obligation to pay any associated fees and expenses), including all balances in the Collateral Accounts; or (b) assign such Liens (and the Loan Documents) to a new lender designated by Borrower. Any
release or assignment provided by Lender pursuant to this Section shall be without recourse, representation or warranty of any kind.

ARTICLE II 
 VOLUNTARY
PREPAYMENT AND ASSUMPTION 
 Section 2.1. Voluntary Prepayment.

(a) Borrower shall have the right, at its option, upon 30 days’ prior written notice to Lender, to prepay the Loan in whole or in part at
any time, provided that (i) if such prepayment is made prior to the Par Prepayment Date, Borrower shall pay to Lender simultaneously with such prepayment the applicable Spread Maintenance Premium, (ii) there is a simultaneous and pro-rata
prepayment of the Mezzanine Loan, and (iii) that no prepayment shall be permitted on any date during the period commencing on the first calendar day immediately following a Payment Date to, but not including, the Determination Date in such calendar
month. No prepayment of the Mezzanine Loan shall be made unless there is a simultaneous and pro-rata prepayment of the Loan, with the result that the ratio of the Principal Indebtedness to the Mezzanine Loan Principal Indebtedness remains
unchanged; provided, however, notwithstanding the foregoing, Borrower shall not be required to make any prior or simultaneous prepayment of the Loan in connection with a prepayment of any portion of the Mezzanine Loan provided that
such prepayment is (i) a Permitted Mezzanine Prepayment or (ii) funded by equity of the Mezzanine Borrower pursuant to capital contributions to the Mezzanine Borrower from the equity owners thereof, provided further that any such prepayment pursuant
to this clause (ii) shall not be made from funds constituting Revenues or other funds directly derived from the Properties. Each such prepayment that is made on a Payment Date shall be accompanied by all interest and a repayment of
principal in an amount equal to the applicable Monthly Amortization 

  
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Amount that would otherwise have been due on such Payment Date had the prepayment not occurred, and each such prepayment that is not made on a Payment Date shall be accompanied by all interest
and a repayment of principal in an amount equal to the applicable Monthly Amortization Amount that would have been due on the next succeeding Payment Date had the prepayment not occurred. Following any such prepayment, Borrower may release or
transfer, free and clear of the Lien of the Loan Documents, a portion of the notional amount of the Interest Rate Cap Agreement equal to the amount of such prepayment. Any partial prepayment shall be applied to the last payments of principal
due under the Loan. Borrower’s notice of prepayment shall create an obligation of Borrower to prepay the Loan as set forth therein, but may be rescinded with five days’ written notice to Lender (subject to payment of any actual,
documented out-of-pocket costs and expenses resulting from such rescission). Any prepayment made on or after the Par Prepayment Date will not require the payment of any Spread Maintenance Premium. For the avoidance of doubt, Borrower shall
have the right to prepay the Loan in part in accordance with the terms of this Section 2.1 for any other reason in order to comply with or to satisfy any of the provisions of, and otherwise pursuant to, this Agreement (provided that Lender
shall not in any event be obligated to accept the cure of any Event of Default unless (x) such Event of Default can be cured solely by the payment of money, (y) no other non-monetary Event of Default shall then be continuing and (z) immediately
after the occurrence of such prepayment no Event of Default shall exist under the Loan Documents). 
 (b) Notwithstanding the foregoing
Section 2.1(a), provided that no Event of Default has occurred and is continuing as of the date of any prepayment, Borrower shall be permitted, at its option voluntarily, to prepay the Loan in part at any time without the requirement to pay
concurrently therewith any Spread Maintenance Premium prior to and until the total amount of the principal balance of the Loan that has been prepaid, in the aggregate, equals $102,400,000.00; provided that Borrower shall comply with the other terms
and conditions of Section 2.1(a) hereof (e.g., other than the payment of any Spread Maintenance Premium). 
 (c) Any voluntary
principal prepayments received on the Loan when no Event of Default exists shall be applied by Lender, after application of any accompanying payment of the Monthly Amortization Amount (i) other than with respect to the Permitted Mezzanine
Prepayments, between the Loan and the Mezzanine Loan, pro rata, and (ii) among the Note Components (A) first, to Component A until the Component Outstanding Principal Balance of Component A is reduced to zero, (B) second, to
Component B until the Component Outstanding Principal Balance of Component B is reduced to zero, (C) third, to Component C until the Component Outstanding Principal Balance of Component C is reduced to zero, (D) fourth, to Component D
until the Component Outstanding Principal Balance of Component D is reduced to zero, (E) fifth, to Component E until the Component Outstanding Principal Balance of Component E is reduced to zero, and (F) sixth, to Component F until the
Component Outstanding Principal Balance of Component F is reduced to zero. The terms and conditions of this Section 2.1 do not apply to mandatory prepayments of the Loan.

  
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 Section 2.2. Property Releases.

(a) Provided no Event of Default is then continuing (other than an Event of Default which would be cured as a result of the release of the
applicable Property and the payment of the Release Price in connection with the release of such Property pursuant to and in accordance with this Section 2.2) and all amounts then due and owing to Lender have been paid in full (or such amounts
will be paid in full simultaneously with the payment of the Release Price in connection with the release of such Property pursuant to and in accordance with this Section 2.2), Borrower shall have the right, at its option, on not less than 30
days’ prior written notice to Lender, to obtain the release of one or more of the Properties from the Liens of the Loan Documents, provided that the following conditions shall have been satisfied: 

(i) Borrower shall prepay the Loan, in accordance with Section 2.1, in an amount equal to the
applicable Release Price, which prepayment shall be accompanied by the other amounts specified in Section 2.1; 
 (ii)
The Master Lease shall be amended in order to (A) remove the applicable Property therefrom and (B) reduce the Master Lease Rents due thereunder by the amount of the Master Lease Rents which are due under the Master Lease for such Property, as set
forth in the Master Lease; 
 (iii) Such release shall be obtained in connection with the sale of such Property to a third
party not Affiliated with Borrower; 
 (iv) Lender shall have received reasonably satisfactory evidence that the Mezzanine
Borrower shall have satisfied all of the conditions to the proposed release set forth in each of the Mezzanine Loan Agreement (including a payoff letter and written confirmation from the Mezzanine Lender that satisfactory escrow arrangements in
connection with the release of such Property have been established); and 
 (v) Borrower shall reimburse Lender for any
actual, documented out-of-pocket costs and expenses incurred by Lender in connection with this Section 2.2 (including the reasonable fees and expenses of legal counsel and the reasonable out-of-pocket expenses of the
Servicer). 
 (b) Upon satisfaction of the requirements set forth in this Section 2.2, Lender will execute and
deliver to Borrower such instruments, prepared by Borrower and reasonably approved by Lender, as shall be necessary to release the applicable Property from the Liens of the Loan Documents. 

(c) Notwithstanding the foregoing or anything herein to the contrary, in connection with the release of any Property pursuant to this
Section 2.2, if an amount equal to eighty-five percent (85%) of the Net Sales Proceeds from the sale of such Property is greater than the Release Price for such Property, then Borrower shall deposit an amount equal to the difference between
eighty-five percent (85%) of the Net Sales Proceeds from the sale of such Property and the Release Price paid by Borrower (the “Release Deposit Amount”) into the TI/LC and Capital Expenditure Reserve Account to be disbursed pursuant
to Section 3.5 hereof, and such Release Deposit Amount shall not be applied as a prepayment of the Loan in accordance with Section 2.1 hereof. 

  
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 (d) Notwithstanding clause (a)(iii) of this Section 2.2, Borrower shall be
permitted to release Properties to an Affiliate of Borrower, provided that (1) if after consummating such release the aggregate Allocated Loan Amounts of the applicable Property and all other Properties previously released pursuant to this
Section 2.2(d) are less than or equal 20% of the Loan Amount, then the Net Sales Proceeds with respect to the release of such Property shall not be less than the greater of (a) the fair market value of such Property (based on a current
Appraisal ordered by and acceptable to Lender in its reasonable discretion and at Borrower’s sole cost and expense) and (b) the appraised value of such Property on the Closing Date, and (2) for all other releases to an Affiliate of Borrower
pursuant to this Section 2.2, the Net Sales Proceeds with respect to such release shall not be less than the greater of (a) the average of the fair market value of such Property as determined by two current Appraisals, one appraisal ordered
by Borrower and one Appraisal ordered by Lender (both of which Appraisals shall be shall be acceptable to Lender in its reasonable discretion and at Borrower’s sole cost and expense) and (b) the appraised value of such Property on the Closing
Date, provided, that, with respect to each of the foregoing clauses (1) and (2), in no event shall the Net Sales Proceeds be less than the Release Price. 

Section 2.3. Assumption. From and after May 3, 2017, the initial Borrower shall have the right to contemporaneously Transfer all of
the Collateral to a Successor Borrower that will assume all of the obligations of Borrower hereunder and under the other Loan Documents (an “Assumption”), provided no Event of Default is then continuing or would result therefrom and
the following conditions are met to the reasonable satisfaction of Lender:
 (i) such Successor Borrower shall have executed
and delivered to Lender an assumption agreement (including an assumption of each Mortgage in recordable form, if requested by Lender), in form and substance reasonably acceptable to Lender, evidencing its agreement to abide and be bound by the terms
of the Loan Documents and containing representations substantially equivalent to those contained in Article IV (recast, as necessary, such that representations that specifically relate to Closing Date are remade as of the date of such
Assumption); 
 (ii) such Uniform Commercial Code financing statements as may be reasonably requested by Lender shall be
filed; 
 (iii) a Person reasonably satisfactory to Lender in its sole discretion assumes all obligations, liabilities,
guarantees and indemnities of Sponsor and any other guarantor under the Loan Documents pursuant to documentation satisfactory to Lender (and upon such Assumption by such Person, Sponsor and any other such guarantor shall be released from such
obligations, liabilities, guarantees and indemnities); 
 (iv) such Successor Borrower shall have delivered to Lender legal
opinions of counsel reasonably acceptable to Lender that are equivalent to the opinions delivered to Lender on the Closing Date in all material respects, including new nonconsolidation opinions that are reasonably satisfactory to Lender and
satisfactory to each of the Rating Agencies; and Borrower and the Successor Borrower shall have delivered such other documents, certificates and legal opinions, including relating to grantor trust matters, as applicable, as Lender shall reasonably
request, consistent with those delivered to Lender on the Closing Date; 

  
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 (v) such Successor Borrower shall have delivered to Lender all documents
reasonably requested by it relating to the existence of such Successor Borrower and the due authorization of the Successor Borrower to assume the Loan and to execute and deliver the documents described in this Section, each in form and substance
reasonably satisfactory to Lender, including a certified copy of the applicable resolutions from all appropriate persons, certified copies of the organizational documents of the Successor Borrower, together with all amendments thereto, and
certificates of good standing or existence for the Successor Borrower issued as of a recent date by its state of organization and each other state where such entity, by the nature of its business, is required to qualify or register; 

(vi) if necessary, the Title Insurance Policies shall have been properly endorsed to reflect the Transfer of the Properties to
the Successor Borrower; 
 (vii) such Assumption shall not result in a breach, default, termination, or modification of the
Master Lease or any Ground Lease; 
 (vii) the prior written consent of the Mezzanine Lender pursuant to the Mezzanine Loan
Documents shall have been received; 
 (viii) the Rating Condition shall have been satisfied with respect to the legal
structure of the Successor Borrower, the documentation of the Assumption and the related legal opinions; and 
 (ix) Borrower
shall have paid to Lender a nonrefundable assumption fee in an amount equal to 0.25% of the Loan Amount then outstanding, and Borrower shall have reimbursed Lender for its actual, documented out-of-pocket costs and expenses incurred in connection
with such assumption. 
 Section 2.4. Transfers of Equity Interests in Borrower or Master Tenant. No direct equity interests in
Borrower shall be conveyed or otherwise transferred to any Person under any circumstances, except in connection with a foreclosure (or conveyance-in-lieu of foreclosure) by Mezzanine Lender under the Mezzanine Loan. No direct or indirect equity
interests in Mezzanine Borrower shall be conveyed or otherwise transferred to any Person, except in connection with a foreclosure (or conveyance-in-lieu of foreclosure) by Mezzanine Lender under the Mezzanine Loan, unless the following conditions
are satisfied: 
 (i) no Event of Default shall be continuing at the time of such conveyance or transfer; provided, however,
that transfers of equity interests by direct or indirect equity owners of Sponsor, Master Tenant or Giraffe Holdings of direct or indirect equity interests in Sponsor, Master Tenant or Giraffe Holdings shall not be prohibited during the continuance
of an Event of Default, provided that such transfer satisfies each of the conditions set forth in clauses (ii) – (vii), inclusive, of this Section 2.4 in all respects (if and to the extent applicable); 

(ii) no Prohibited Change of Control or Prohibited Pledge shall occur as a result thereof; 

  
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 (iii) if any such conveyance or transfer results in Borrower or Master Tenant
ceasing to be Controlled by Sponsor (and in connection with each subsequent conveyance or transfer that again changes the identity of the Qualified Equityholder that Controls Borrower) or Master Tenant, Borrower shall have paid to Lender a
transfer fee in an amount equal to 0.25% of the Principal Indebtedness then outstanding at the time of such conveyance or transfer; 

(iv) if such conveyance or transfer results in any Person acquiring more than 49% of the direct equity interest in Borrower,
Mezzanine Borrower, Giraffe Holdings or Master Tenant (even if not constituting a Prohibited Change of Control), to the extent that Lender determines that the pairings in the most recently delivered Nonconsolidation Opinion with respect to the Loan
no longer apply, Borrower shall have delivered to Lender with respect to such Person a new non-consolidation opinion that in Lender’s reasonable judgment satisfies the then-current criteria of the Rating Agencies (and, to the extent that the
criteria of the Rating Agencies has not changed in any material respect since the Closing Date, Lender’s approval of any such non-consolidation opinion that is in substantially the form of the Nonconsolidation Opinion shall not be unreasonably
withheld, delayed or conditioned); 
 (v) Borrower shall have paid the costs and expenses (if any) of the Rating Agencies and
Servicers and reimbursed Lender for its actual, documented out-of-pocket costs and expenses incurred in connection with any such conveyance or transfer; 

(vi) Lender shall have received 10 days’ advance written notice of any conveyance or transfer of 25% or more of the direct
or indirect equity interests in, or Control of, Borrower or Master Tenant or for which a new non-consolidation opinion is required under clause (iv) above; provided that Borrower shall not be required to deliver any such notice in connection with
the sale, transfer or issuance of shares of common stock in any publicly traded entity, provided such shares of common stock are listed on the New York Stock Exchange or another nationally recognized stock exchange; and 

(vii) Lender shall have confirmed that any transferee of 25% or more of the direct or indirect equity interests in, or Control
of, Borrower or Master Tenant satisfies Lender’s then current “know your customer” standards. 
 Section 2.5. Replacement
Mezzanine Financing. Subject to the satisfaction of all of the conditions set forth in this Section 2.5, notwithstanding the provisions of Section 2.1 and/or Section 2.4, Mezzanine
Borrower shall have a one-time right to enter into not more than one (1) tranche of mezzanine financing to repay the Mezzanine Loan in full (a “Replacement Mezzanine Financing”) and Mezzanine Borrower may pledge to the lenders under
any such Replacement Mezzanine Financing the direct or indirect equity interests in each Borrower as collateral for any such Replacement Mezzanine Financing. Any Replacement Mezzanine Financing shall be subject to the following conditions: 

(i) Mezzanine Borrower shall have paid the Mezzanine Loan in full subject to and in accordance with the terms of this Agreement
and each of the Mezzanine Loan Documents, as applicable; 

  
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 (ii) Borrower has provided Lender with not less than thirty (30) days’ prior
written notice of any Replacement Mezzanine Financing; 
 (iii) no Event of Default has occurred and is continuing; 

(iv) no more than one (1) tranche in the aggregate of Replacement Mezzanine Financing shall be permitted at any time during the
term of the Loan; 
 (v) the aggregate principal amount of all the Replacement Mezzanine Financing shall not exceed the
aggregate principal balances of the Mezzanine Loan at the time such Mezzanine Loan was paid in full, plus the amount of Mezzanine Borrower’s reasonable, out-of-pocket costs and expenses incurred in connection with the closing of such
Replacement Mezzanine Financing (including prepayment fees, premiums and/or penalties, if any), provided that the amount of such costs and expenses included in the aggregate principal amount of the Replacement Mezzanine Loan shall not exceed
$2,000,000 in the aggregate; 
 (vi) the interest rate of the Replacement Mezzanine Financing shall be based on a fixed rate
and shall not exceed the interest rate of the Mezzanine Loan as of the date hereof; 
 (vii) (x) the maturity date of the
Replacement Mezzanine Financing shall not be earlier than the Maturity Date hereunder and (y) if the maturity date of the Replacement Mezzanine Financing is later than the Maturity Date hereunder, then such Replacement Mezzanine Financing shall be
prepayable in full by Mezzanine Borrower on the Maturity Date, without the consent of the lender pursuant to the Replacement Mezzanine Financing, but subject to payment of prepayment fees, premiums and/or penalties (if any); 

(viii) each provider of the Replacement Mezzanine Financing shall be a Qualified Replacement Mezzanine Lender; 

(ix) each provider of the Replacement Mezzanine Financing shall enter into an intercreditor agreement in substantially the form
of the Intercreditor Agreement (including, without limitation, “Eligibility Requirements” as set forth therein) entered into in connection with the closing of the Loan and the Mezzanine Loan or otherwise in a customary form that is
reasonably acceptable to Lender and the Rating Agencies; 
 (x) the Rating Condition shall have been satisfied with respect
to the Replacement Mezzanine Financing (including, without limitation, with respect to any Sponsor Related Fund Manager); 

(xi) the organizational structure of Borrower and Mezzanine Borrower, if changed in connection with the Replacement Mezzanine
Financing, shall be reasonably acceptable to Lender and acceptable to the Rating Agencies; 
 (xii) the loan documents
evidencing the Replacement Mezzanine Financing shall be reasonably acceptable to Lender; 

  
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 (xiii) Borrower, Mezzanine Borrower, Lender and the provider of the Replacement
Mezzanine Financing shall execute and deliver, and cause to be executed and delivered, such reasonable and customary documents as shall reasonably be required by Lender or any Rating Agency, including, without limitation, amendments to the Loan
Documents necessary to reflect and evidence the presence and structure of the Replacement Mezzanine Financing, all in form and substance reasonably satisfactory to Lender; 

(xiv) subsequent to any such Replacement Mezzanine Financing, Borrower will continue to be a Single-Purpose Entity; 

(xv) such Replacement Mezzanine Financing shall not result in a violation of any Legal Requirements, including, without
limitation, ERISA and the PATRIOT Act; 
 (xvi) Borrower shall pay all of Lender’s reasonable out-of-pocket costs and
expenses, including reasonable attorneys’ fees and disbursements, in connection with the origination of each Replacement Mezzanine Financing; and 

(xvii) Borrower has delivered to Lender a “no effect” letter from counsel that rendered the Nonconsolidation Opinion
confirming that the execution and delivery of the documents in connection with the Replacement Mezzanine Financing and consummation of the transactions referred to therein does not affect the conclusions in the Nonconsolidation Opinion delivered on
the Closing Date and that the Lender may continue to rely on the Nonconsolidation Opinion delivered on the Closing Date or a new nonconsolidation opinion reasonably acceptable to Lender with respect to the matters set forth in the Nonconsolidation
Opinion. 
 ARTICLE III 

ACCOUNTS 
 Section 3.1.
Cash Management Account. 
 (a) On or prior to the Closing Date, Borrower shall establish and thereafter maintain with the Lockbox
Bank one or more lockbox accounts into which all Master Lease Rents and all other income from the Properties received by Borrower will be deposited (the “Lockbox Account”). As a condition precedent to the closing of the Loan,
Borrower shall cause the Lockbox Bank to execute and deliver an agreement (as modified or replaced in accordance herewith, a “Lockbox Account Agreement”) which provides, inter alia, that Borrower shall have no access
to funds in the Lockbox Account and that at the end of each Business Day the Lockbox Bank will remit all amounts (other than any minimum balance required to be retained therein pursuant to the terms of the Lockbox Account Agreement) contained
therein directly into a segregated Eligible Account specified from time to time by Lender (the “Cash Management Account”). Borrower hereby represents and warrants that the Rent Instruction directs Master Tenant to deposit all
Master Lease Rents payable pursuant to the Master Lease directly into the Lockbox Account. Borrower shall deliver to each Tenant (other than Master Tenant) in the applicable Property a written notice (a “Tenant Notice”) in the
form of Exhibit B instructing that 

  
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(i) all payments under the Leases shall thereafter be remitted by them directly to, and deposited directly into, the Lockbox Account, and (ii) such instruction may not be rescinded unless and
until such Tenant receives from Borrower or Lender a copy of Lender’s written consent to such rescission. Borrower shall send a copy of each such written notice to Lender and shall redeliver such notices to each Tenant until such time as
such Tenant complies therewith. Borrower shall cause all cash Revenues relating to the Properties and all other money received by Borrower with respect to the Properties (other than tenant security deposits required to be held in escrow
accounts) to be deposited in the Lockbox Account or the Cash Management Account by the end of the first Business Day following Borrower’s receipt thereof.

(b) Lender shall have the right at any time and from time to time in its sole discretion to change the Eligible Institution at which any one or
more of the Collateral Accounts (other than the Lockbox Account) is maintained, provided that, if no Event of Default is then continuing, such replacement Eligible Institution shall be subject to the consent of Borrower (such consent not to be
unreasonably withheld, conditioned or delayed) (and in the case of any such change in respect of the Cash Management Account, Lender shall deliver not less than five Business Days’ prior written notice to Borrower and the Lockbox Bank). In
addition, during the continuance of an Event of Default, or if the Lockbox Bank fails to comply with the Lockbox Account Agreement or ceases to be an Eligible Institution, Lender shall have the right at any time, upon not less than 30 days’
prior written notice to Borrower, to replace the Lockbox Bank with any Eligible Institution at which Eligible Accounts may be maintained that will promptly execute and deliver to Lender a Lockbox Account Agreement satisfactory to Lender.

Section 3.2. Distributions from Cash Management Account. 

(a) Lender shall transfer from the Cash Management Account to Borrower, at the end of each Business Day (or, at Borrower’s election, on a
less frequent basis), the amount, if any, by which amounts then contained in the Cash Management Account exceed the aggregate amount required to be paid to or reserved with Lender and Mezzanine Lender on the next Payment Date pursuant hereto;
provided, however, that, except as expressly set forth herein, including, without limitation, pursuant to Section 3.2(b)(iv) and Section 3.2(b)(v) below, Lender shall suspend such remittances during the continuance of an
Event of Default or Trigger Period.
 (b) On each Payment Date, provided no Event of Default is continuing (and, if and to the extent Lender
so elects in its sole discretion, during the continuance of an Event of Default until the Loan has been accelerated), Lender shall transfer amounts from the Cash Management Account, to the extent available therein, to make the following payments in
the following order of priority: 
 (i) to the Basic Carrying Costs Escrow Account, the amounts then required to be deposited
therein pursuant to Section 3.4; 
 (ii) to Lender, the amount of all scheduled or delinquent interest and principal
on the Loan (in the order as provided under Section 1.2(a)) and, then, all other amounts then due and payable under the Loan Documents (with any amounts in respect of principal paid last); 

 

  
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 (iii) during the continuance of a Trigger Period, to the Operating Account, an
amount equal to the Budgeted Operating Expenses for the month in which such Payment Date occurs, provided that the amounts disbursed to such account pursuant to this clause (iii) shall be used by Borrower solely to pay Budgeted Operating
Expenses for such month (Borrower agreeing that, in the event that such Budgeted Operating Expenses exceed the actual operating expenses for such month, such excess amounts shall be remitted by Borrower to the Cash Management Account prior to the
next succeeding Payment Date); 
 (iv) until Lender shall have received notice from Mezzanine Lender that the Mezzanine Loan
has been repaid in full, to Mezzanine Lender, all scheduled interest then due and payable or past due and payable to Mezzanine Lender under the Mezzanine Loan Agreement, as specified by Mezzanine Lender pursuant to Mezzanine Lender’s written
instructions to Lender; 
 (v) during the continuance of (x) a Partial Trigger Period (provided that no Full Trigger Period
is occurring), fifty percent (50%) of all remaining amounts to the Excess Cash Flow Reserve Account and (y) a Full Trigger Period or Event of Default, all remaining amounts to the Excess Cash Flow Reserve Account; and 

(vi) if no Full Trigger Period or Event of Default is continuing, all remaining amounts to or upon the direction of Borrower
pursuant to the Irrevocable Redirection Letter. 
 (c) If on any Payment Date the amount in the Cash Management Account is insufficient to
make all of the transfers described above (other than the payment to Mezzanine Lender and the remittance of excess cash to the Excess Cash Flow Reserve Account or the Operating Account), then Borrower shall remit to the Cash Management Account on
such Payment Date the amount of such deficiency. If Borrower fails to remit such amount to the Cash Management Account, the same shall constitute an Event of Default and, in addition to all other rights and remedies provided for under the Loan
Documents, Lender may disburse and apply the amounts in the Collateral Accounts in accordance with Section 3.10(c). 
 (d) All
transfers of Borrower’s funds from the Cash Management Account or other sources to or for the benefit of Mezzanine Lender or Mezzanine Borrower pursuant to this Agreement, the Cash Management Agreement or any of the other Loan Documents, are
intended by Borrower and the Mezzanine Borrower to constitute, and shall constitute, distributions from Borrower to such Mezzanine Borrower in accordance with the Delaware Limited Liability Company Act shall be recorded on the books and records of
Borrower and Mezzanine Borrower as distributions or contributions, as applicable, and shall be conducted in accordance with and compliance with the provisions of Section 4.17 and the definition of “Single-Purpose Entity” hereof, any
other similar separateness covenants contained in Borrower’s or Mezzanine Borrower’s organizational documents, or any other similar separateness covenants contained in the Mezzanine Loan Documents.

  
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 (e) Lender may conclusively rely upon any notice received from the Mezzanine Lender with respect
to the amount then payable under the Mezzanine Loan Agreement and with respect to the occurrence, continuance or termination of any Mezzanine Loan Event of Default. Lender shall be under no duty to inquire into or investigate the validity,
accuracy or content of any such notice. 
 Section 3.3. Loss Proceeds Account. 

(a) Lender will maintain an Eligible Account (which may be a book-entry subaccount) for the purpose of depositing any Loss Proceeds (the
“Loss Proceeds Account”). 
 (b) Provided no Event of Default is continuing, funds in the Loss Proceeds Account shall be
applied in accordance with Section 5.16. 
 (c) Any funds remaining on deposit in the Loss Proceeds Account after the Indebtedness has
been paid in full shall be paid to or upon the direction of Borrower pursuant to the Irrevocable Redirection Letter. 
 Section 3.4.
Basic Carrying Costs Escrow Account.
 (a) Lender will maintain an Eligible Account (which may be a book-entry subaccount) for the
purpose of reserving amounts payable by Borrower or Master Tenant in respect of Taxes, Ground Rents and insurance premiums to the extent required hereunder (the “Basic Carrying Costs Escrow Account”). 

(b) On the Closing Date, Borrower shall remit to Lender, for deposit into the Basic Carrying Costs Escrow Account, an amount equal to the sum
of (i) One Hundred and Eighty-Thousand and No/100 Dollars ($180,000), which represents an amount sufficient to pay all Ground Rents by the 30th day prior to the date they come due for one (1)
month as reasonably determined by Lender, based on information provided by Borrower, plus (ii) Nine Thousand Two Hundred Fifty and No/100 Dollars ($9,250), which represents an amount sufficient to pay all common charges and other assessments as
required by the Condominium Documents by the 30th day prior to the date they come due for one (1) month as reasonably determined by Lender, based on information provided by Borrower. 

(c) On each subsequent Payment Date, Borrower shall remit to Lender, for deposit into the Basic Carrying Costs Escrow Account, an amount equal
to the sum of: 
 (A) if at any time Lender reasonably determines that amounts then on deposit in the Basic Carrying Costs
Escrow Account with respect to Ground Rents are not sufficient to pay one (1) month Ground Rents by the 30th day prior to the date they come due, such amount that Lender reasonably determines,
based on information provided by Borrower, will be necessary to cause an amount sufficient to pay all Ground Rents by the 30th day prior to the date they come due for one (1) month to then be held
on deposit in the Basic Carrying Costs Escrow Account, plus 
 (B) solely if a Trigger Period is continuing as of such
subsequent Payment Date, 1/12 of the Taxes that Lender reasonably estimates, based on information provided by Borrower, will be payable during the next ensuing 12 months, together with an amount reasonably determined by Lender to be necessary to
accumulate an amount sufficient to pay such Taxes when due, plus 

  
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 (C) if on such subsequent Payment Date the liability or casualty Policy
maintained by Borrower covering the Properties shall no longer constitute an approved blanket or umbrella Policy pursuant to Section 5.15 hereof, 1/12 of the insurance premiums that Lender reasonably estimates, based on information provided
by Borrower, will be payable during the next ensuing 12 months, together with an amount reasonably determined by Lender to be necessary to accumulate an amount sufficient to pay such insurance premiums when due, plus 

(D) solely if a Trigger Period is continuing as of such subsequent Payment Date, 1/12 of the common charges and other
assessments as required by the Condominium Documents that Lender reasonably estimates, based on information provided by Borrower, will be payable during the next ensuing 12 months, together with an amount reasonably determined by Lender to be
necessary to accumulate an amount sufficient to pay such common charges and other assessments when due; 
 provided, however, that if at any
time Lender reasonably determines that the amount in the Basic Carrying Costs Escrow Account will not be sufficient to accumulate the amounts (if any) required to be reserved for Taxes, Ground Rents, common charges and assessments or insurance
premiums under this Section 3.4, as applicable, then Lender shall notify Borrower of such determination and Borrower shall increase its monthly payments to the Basic Carrying Costs Escrow Account by the amount that Lender reasonably estimates
is sufficient to achieve such accumulation. 
 (d) Borrower shall provide Lender with copies of all Tax, Ground Rents, insurance bills and
common charges and other assessments as required by the Condominium Documents relating to each Property promptly after Borrower’s or Master Tenant’s receipt thereof. Lender will apply amounts in the Basic Carrying Costs Escrow Account
toward the purposes for which such amounts are deposited therein. In connection with the making of any payment from the Basic Carrying Costs Escrow Account, Lender may cause such payment to be made according to any bill, statement or estimate
provided by Borrower or procured from the appropriate public office, ground lessor or insurance carrier, without inquiry into the accuracy of such bill, statement or estimate or into the validity of any tax, assessment, sale, forfeiture, tax lien or
title or claim thereof unless given written advance notice by Borrower of such inaccuracy, invalidity or other contest.
 (e) Provided that
no Event of Default is continuing, upon written request of Borrower, within five (5) Business Days after the release of any Property in accordance with Section 2.2 hereof and payment to Mezzanine Lender of any Excess Release Proceeds, Lender
shall remit to Borrower amounts then on deposit in the Basic Carrying Costs Escrow Account reserved for the payment of Taxes (if any), Ground Rents (if any), Insurance (if any) and common charges and assessments as required by the Condominium
Documents with respect to such released Property, as reasonably determined by Lender. 

  
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 (f) Any funds remaining on deposit in the Basic Carrying Costs Escrow Account after the
Indebtedness has been paid in full shall be paid to or upon the direction of Borrower pursuant to the Irrevocable Redirection Letter. 

Section 3.5. TI/LC and Capital Expenditure Reserve Account.

(a) Lender will maintain an Eligible Account (which may be a book-entry subaccount) for the purpose of reserving amounts reasonably determined
in respect of Tenant Improvements, Leasing Commissions and Capital Expenditures (the “TI/LC and Capital Expenditure Reserve Account”). 

(b) From time to time, Borrower may, pursuant to and in accordance with Section 2.2(c) hereof, cause Lender to deposit into the TI/LC
and Capital Expenditure Reserve Account an amount equal to any Release Deposit Amount. 
 (c) Upon the request of Borrower at any time that
no Event of Default is continuing (but not more often than once per calendar month), Lender shall cause disbursements to Borrower from the TI/LC and Capital Expenditure Reserve Account to reimburse Borrower for Leasing Commissions, Tenant
Improvement and/or Capital Expenditure costs incurred by Borrower (x) with respect to Leasing Commissions and Tenant Improvements, in connection with a new Lease (or Lease extension) entered into in accordance herewith or (y) in connection with
Capital Expenditures, Capital Expenditures performed in accordance herewith, provided that: 
 (i) Borrower shall
deliver to Lender invoices evidencing that the costs for which such disbursements are requested are due and payable; 
 (ii)
Borrower shall deliver to Lender an Officer’s Certificate confirming that all such costs have been previously paid by Borrower or will be paid from the proceeds of the requested disbursement and that all conditions precedent to such
disbursement required by the Loan Documents have been satisfied; and 
 (iii) Lender may condition the making of a requested
disbursement on (1) reasonable evidence establishing that Borrower has applied any amounts previously received by it in accordance with this Section for the expenses to which specific draws made hereunder relate and (2) with respect to disbursements
for Tenant Improvements relating to any single Tenant or Improvement costing in excess of $500,000 in the aggregate or Capital Expenditures relating to any single capital improvement costing in excess of $500,000 in the aggregate (in each case,
whether disbursed in a lump sum or multiple installments), (x) if required by Lender, a reasonably satisfactory site inspection, and (y) receipt of lien releases and waivers from any contractors, subcontractors and others with respect to such
amounts. 
 (d) Any funds remaining on deposit in the TI/LC and Capital Expenditure Reserve Account after the Indebtedness has been paid in
full shall be paid to or upon the direction of Borrower pursuant to the Irrevocable Redirection Letter. 

  
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 Section 3.6. Intentionally Omitted. 

Section 3.7. Intentionally Omitted.

Section 3.8. Four-Wall EBITDAR Reserve Account. 

(a) Lender will maintain an Eligible Account (which may be a book-entry subaccount) for the deposit of amounts by Borrower pursuant to this
Agreement (the “Four-Wall EBITDAR Reserve Account”). 
 (b) Provided that no Event of Default is then continuing, Lender
shall release to Borrower all amounts then contained in the Four-Wall EBITDAR Reserve Account within five (5) Business Days after Borrower delivers to Lender evidence reasonably satisfactory to Lender establishing that (i) with respect to amounts
held in the Four-Wall EBITDAR Reserve Account in order to cure a Full Trigger Period, the Four-Wall EBITDAR to Rent Ratio is equal to or greater than 1.80:1.00 and (ii) with respect to amounts held in the Four-Wall EBITDAR Reserve Account to cure a
Partial Trigger Period, the Four-Wall EBITDAR to Rent Ratio is equal to or greater than 2.20:1.0; provided, however, that, if any such amounts have been deposited into the Four-Wall EBITDAR Reserve Account by Mezzanine Lender, such amounts deposited
by Mezzanine Lender shall be released to Mezzanine Lender and not to Borrower. 
 (c) Any funds remaining on deposit in the Four-Wall EBITDAR
Reserve Account after the Indebtedness has been paid in full shall be paid to Borrower; provided, however, that, if any such amounts have been deposited into the Four-Wall EBITDAR Reserve Account by Mezzanine Lender, such amounts deposited by
Mezzanine Lender shall be paid to Mezzanine Lender and not to Borrower. 
 Section 3.9. Excess Cash Flow Reserve Account 

(a) Lender will maintain an Eligible Account (which may be a book-entry subaccount) for the deposit of amounts required to be deposited therein
in accordance with Section 3.2(b) (the “Excess Cash Flow Reserve Account”). 
 (b) Provided that no Event of Default
is then continuing, Lender shall release to the Cash Management Account (x) with respect to the cessation of a Full Trigger Period (provided that a Partial Trigger Period is then continuing), fifty percent (50%) of all amounts then contained in the
Excess Cash Flow Reserve Account and (y) with respect to the cessation of a Partial Trigger Period (provided that no Full Trigger Period is continuing), one hundred percent (100%) of all amounts then contained in the Excess Cash Flow Reserve
Account, in each case, within five (5) Business Days after Borrower delivers to Lender evidence reasonably satisfactory to Lender establishing that no such applicable Trigger Period is then continuing. Such a release shall not preclude the
subsequent commencement of a Trigger Period and the deposit of amounts into the Excess Cash Flow Reserve Account as set forth in Section 3.2(b). 

(c) Any funds remaining on deposit in the Excess Cash Flow Reserve Account after the Indebtedness has been paid in full shall be paid to or
upon the direction of Borrower pursuant to the Irrevocable Redirection Letter. 
  

  
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 Section 3.10. Account Collateral.

(a) Borrower hereby pledges the Account Collateral and the Operating Account to Lender as security for the Indebtedness, together with all
rights of a secured party with respect thereto, it being the intention of the parties that such pledge shall be a perfected first-priority security interest. Each Collateral Account shall be an Eligible Account under the sole dominion and
control of Lender. Borrower shall have no right to make withdrawals from any of the Collateral Accounts other than the Operating Account. Borrower shall execute any additional documents that Lender in its reasonable discretion may require
and shall provide all other evidence reasonably requested by Lender to evidence or perfect its first-priority security interest in the Account Collateral. The Collateral Accounts shall not constitute trust funds and, except for the Cash
Management Account, the Lockbox Account and the Operating Account, may be commingled with other monies held by Lender. Funds in the Collateral Accounts shall be invested only in Permitted Investments, which Permitted Investments shall be
credited to the related Collateral Account. All income and gains from the investment of funds in the Collateral Accounts shall be retained in the Collateral Accounts from which they were derived for the benefit of Borrower. All fees of the
institutions at which the Collateral Accounts are maintained shall be paid by Borrower. After the Loan and all other Indebtedness have been paid in full, the Collateral Accounts shall be closed and the balances therein, if any, shall be paid to
Borrower.
 (b) The insufficiency of amounts contained in the Collateral Accounts shall not relieve Borrower from its obligation to fulfill
all covenants contained in the Loan Documents.
 (c) During the continuance of an Event of Default, Lender may, in its sole discretion, apply
funds in the Collateral Accounts, and funds resulting from the liquidation of Permitted Investments contained in the Collateral Accounts (if any), either toward the components of the Indebtedness (to pay down accrued and outstanding interest and
principal in the order as provided under Section 1.2(a)) and, then, all other amounts then due and payable under the Loan Documents and/or toward the payment of Property expenses. 

Section 3.11. Bankruptcy. Borrower and Lender acknowledge and agree that upon the filing of a bankruptcy petition by or against
Borrower under the Bankruptcy Code, the Account Collateral and the Revenues (whether then already in the Collateral Accounts, or then due or becoming due thereafter) shall be deemed not to be property of Borrower’s bankruptcy estate within the
meaning of Section 541 of the Bankruptcy Code. If, however, a court of competent jurisdiction determines that, notwithstanding the foregoing characterization of the Account Collateral and the Revenues by Borrower and Lender, the Account
Collateral and/or the Revenues do constitute property of Borrower’s bankruptcy estate, then Borrower and Lender further acknowledge and agree that all such Revenues, whether due and payable before or after the filing of the petition, are and
shall be cash collateral of Lender. Borrower acknowledges that Lender does not consent to Borrower’s use of such cash collateral and that, in the event Lender elects (in its sole discretion) to give such consent, such consent shall only be
effective if given in writing signed by Lender. Except as provided in the immediately preceding sentence, Borrower shall not have the right to use or apply or require the use or application of such cash collateral (i) unless Borrower shall have
received a court order authorizing the use of the same, and (ii) Borrower shall have provided such adequate protection to Lender as shall be required by the bankruptcy court in accordance with the Bankruptcy Code. 

  
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 ARTICLE IV 

REPRESENTATIONS 
 Borrower
represents to Lender that, as of the Closing Date, except as set forth in the Exception Report: 
 Section 4.1. Organization. 

(a) Each of Master Tenant and Borrower is duly organized, validly existing and in good standing under the laws of the State of Delaware, and is
in good standing in each other jurisdiction where ownership of its properties or the conduct of its business requires it to be so, except where the failure so to qualify would not be reasonably likely (either individually or in the aggregate) to
have a Material Adverse Effect, and each of Master Tenant and Borrower has all power and authority under such laws and its organizational documents and all material governmental licenses, authorizations, consents and approvals required to carry on
its business as now conducted. 
 (b) The organizational chart contained in Exhibit A is true and correct as of the date hereof. 

Section 4.2. Authorization. Borrower has the power and authority to enter into this Agreement and the other Loan Documents, to
perform its obligations hereunder and thereunder and to consummate the transactions contemplated by the Loan Documents and has by proper action duly authorized the execution and delivery of the Loan Documents. 

Section 4.3. No Conflicts. Neither the execution and delivery of the Loan Documents, nor the consummation of the transactions
contemplated therein, nor performance of and compliance with the terms and provisions thereof will (i) violate or conflict with any provision of its formation and governance documents, (ii) violate any material Legal Requirement, regulation
(including Regulation U, Regulation X or Regulation T), order, writ, judgment, injunction, decree or permit applicable to it, (iii) violate or conflict with contractual provisions of, or cause an event of default under, any indenture, loan
agreement, mortgage, contract, REA or other Material Agreement to which Borrower, Mezzanine Borrower or Master Tenant or any of its respective direct equityholders is a party or may be bound which would reasonably be expected to have a Material
Adverse Effect, or (iv) result in or require the creation of any Lien or other charge or encumbrance upon or with respect to the Collateral in favor of any Person other than Lender. 

Section 4.4. Consents. No consent, approval, authorization or order of, or qualification with, any court or Governmental Authority
is required in connection with the execution, delivery or performance by Borrower of this Agreement or the other Loan Documents, except for any of the foregoing that have already been obtained. 

Section 4.5. Enforceable Obligations. This Agreement and the other Loan Documents have been duly executed and delivered by
Borrower and constitute Borrower’s legal, valid and binding obligations, enforceable in accordance with their respective terms, subject to bankruptcy, insolvency and similar laws of general applicability relating to or affecting creditors’

  
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rights and to general equity principles. The Loan Documents to which Sponsor is a party have been duly executed and delivered by Sponsor and constitute Sponsor’s legal, valid and
binding obligations, enforceable in accordance with their respective terms, subject to bankruptcy, insolvency and similar laws of general applicability relating to or affecting creditors’ rights and to general equity principles. The Loan
Documents are not subject to any right of rescission, offset, abatement, counterclaim or defense by Borrower, Sponsor or Master Tenant, including the defense of usury or fraud. 

Section 4.6. No Event of Default. No Event of Default will exist immediately following the making of the Loan. 

Section 4.7. Payment of Taxes. Borrower has filed, or caused to be filed, all tax returns (federal, state, local and foreign)
required to be filed by it (or obtained extensions therefor) and paid or caused to be paid all material amounts of taxes due (including interest and penalties) by it except for taxes that are not yet delinquent and has paid all other taxes, fees,
assessments and other governmental charges (including mortgage recording taxes, documentary stamp taxes and intangible taxes) owing by it necessary to preserve the Liens in favor of Lender. 

Section 4.8. Compliance with Law. Borrower, Master Tenant, each Property and the uses thereof comply in all material respects with
all applicable Insurance Requirements and Legal Requirements, including building and zoning ordinances and codes. Each Property conforms to current zoning requirements (including requirements relating to parking) and is neither an illegal nor a
legal nonconforming use except as specified in the zoning report delivered to Lender in connection with the Closing. Neither Borrower nor Master Tenant is in default or violation of any order, writ, injunction, decree or demand of any
Governmental Authority the violation of which would reasonably be expected to result in a Material Adverse Effect. There has not been committed by or on behalf of Borrower, Master Tenant or, to Borrower’s knowledge, any other person in
occupancy of or involved with the operation or use of any Property, any act or omission affording any federal Governmental Authority or any state or local Governmental Authority the right of forfeiture as against any Property or any material portion
thereof or any monies paid in performance of its obligations under any of the Loan Documents. None of Borrower, Master Tenant and Sponsor has purchased any portion of the Properties with proceeds of any illegal activity. 

Section 4.9. ERISA. None of Borrower, Master Tenant, and any ERISA Affiliate of Borrower has incurred or could be subjected to any
liability under Title IV or Section 302 of ERISA or Section 412 of the Code or maintains or contributes to, or is or has been required to maintain or contribute to, any employee benefit plan (as defined in Section 3(3) of ERISA) subject to Title IV
or Section 302 of ERISA or Section 412 of the Code. Neither Borrower nor Master Tenant does, or would be deemed to, hold Plan Assets. 

Section 4.10. Investment Company Act. Borrower and Sponsor each qualify for the exemption set forth in Section 3(c)(5) or Section
3(c)(6), as applicable, of the Investment Company Act of 1940, as amended, and as a result is not an “investment company”, or a company “controlled” by an “investment company”, registered or required to be registered
thereunder. 

  
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 Section 4.11. No Bankruptcy Filing. Neither Borrower nor Master Tenant is
contemplating either the filing of a petition by it under any state or federal bankruptcy or insolvency laws or the liquidation of all or a major portion of its assets or property. Neither Borrower nor Master Tenant has knowledge of any Person
contemplating the filing of any such petition against it. During the ten year period preceding the Closing Date, no petition in bankruptcy has been filed by or against Borrower, Master Tenant, Sponsor, or to Borrower’s knowledge any of
their respective affiliates or any Person that owns or controls, directly or indirectly, twenty-five percent (25%) or more of the beneficial ownership interests in Borrower, Sponsor or Master Tenant and, to Borrower’s knowledge, no such Persons
have been convicted of a felony. Borrower has not received notice of any Tenant under a Lease contemplating or having filed any of the foregoing actions. 

Section 4.12. Other Debt. Borrower does not have outstanding any Debt other than Permitted Debt and Permitted Encumbrances. 

Section 4.13. Litigation. There are no actions, suits, proceedings, arbitrations or governmental investigations by or before any
Governmental Authority or other court or agency now filed or otherwise pending, and to Borrower’s knowledge there are no such actions, suits, proceedings, arbitrations or governmental investigations threatened, against or affecting Borrower,
Sponsor, Master Tenant or any of the Collateral, in each case, if adversely determined, would reasonably be expected to have a Material Adverse Effect, (except as listed in the Exception Report). 

Section 4.14. Leases; Material Agreements; REAs.

(a) Borrower has delivered to Lender true and complete copies of the Master Lease and all other Leases, including all modifications and
amendments thereto. To Borrower’s knowledge, no person has any possessory interest in any of the Properties or right to occupy the same except under and pursuant to the provisions of the Master Lease and the other Leases. The rent
roll attached to this Agreement as Schedule E (the “Rent Roll”) is accurate and complete in all material respects as of the Closing Date. Except as indicated on the Rent Roll or Exception Report or in any estoppel
certificate delivered to Lender by any Tenant, no security deposits are being held by Borrower (including bonds or letters of credit being held in lieu of cash security deposits), no Tenant has any termination options (except in connection with a
Casualty or Condemnation), no Tenant has any extension or renewal rights (except as set forth in its Lease), no Tenant or other party has any option, right of first refusal or similar preferential right to purchase all or any portion of any
Property, no fixed rent has been paid more than 60 days in advance of its due date and no payments of rent are more than 60 days delinquent. The Master Lease is a “true lease” for all purposes of the Bankruptcy Code (including Section
365(d) and 502(b)(6) thereof) and applicable Legal Requirements and the Master Lease does not constitute a financing or convey any interest in the Properties other than the leasehold interest therein demised thereby. Each of the following is
true and correct with respect to the Master lease and each other Lease except with respect to each Lease (other than Master Lease) as indicated on the Rent Roll or Exception Report or in any estoppel certificate delivered to Lender by any Tenant or
as would not reasonably be expected to have a Material Adverse Effect: 
 (i) such Lease is valid and enforceable and is in
full force and effect; 

  
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 (ii) Borrower or Master Tenant is the sole owner of the entire lessor’s
interest in such Lease; 
 (iii) such Lease is an arms’-length agreements with bona fide, independent third parties;

 (iv) none of the Revenues reserved in such Lease have been assigned or otherwise pledged or hypothecated (except such
pledge or hypothecation that will be fully terminated and released in connection with the filing and recordation of each Mortgage and except for the Liens contemplated pursuant to the Loan Documents); 

(v) neither Borrower nor, to Borrower’s knowledge, any other party under such Lease is in default thereunder in any
material respect; 
 (vi) there exist no offsets or defenses to the payment of any portion of the rents thereunder; 

(vii) to Borrower’s knowledge, no brokerage commissions or finders fees are due and payable regarding any Lease; 

(viii) to Borrower’s knowledge, no event has occurred giving any Tenant the right to cease operations at its leased
premises (i.e., “go dark”), terminate its Lease or pay reduced or alternative rent to Borrower under any of the terms of such Lease; and 

(ix) all work to be performed by the landlord under such Lease has been substantially performed, all Tenants have accepted
possession of their respective premises under such Lease, all contributions to be made by the landlord to the Tenants thereunder have been made, all other conditions to each Tenant’s obligations thereunder have been satisfied, no Tenant has the
right to require Borrower to perform or finance Tenant Improvements or Material Alterations and no Leasing Commissions are owed or would be owed upon the exercise of any Tenant’s existing renewal or expansion options, and Borrower has no other
monetary obligation to any Tenant under such Lease. 
 (b) There are no Material Agreements except as described in Schedule
F. Borrower has made available to Lender true and complete copies of all Material Agreements. Each Material Agreement has been entered into at arms’ length in the ordinary course of business by or on behalf of Borrower. The
Material Agreements are in full force and effect and there are no defaults thereunder by Borrower or, to Borrower’s knowledge, any other party thereto. Borrower is not in default in any material respect in the performance, observance or
fulfillment of any of the obligations, covenants or conditions contained in any Permitted Encumbrance or any other agreement or instrument to which it is a party or by which it or any of the Properties are bound. 

(c) There are no REAs except as described in the Title Insurance Policies delivered to Lender on the Closing Date. Borrower has made available
to Lender true and complete copies of all REAs. To Borrower’s knowledge, the REAs are in full force and effect and Borrower has not received any written notices of default thereunder by Borrower or, to Borrower’s knowledge, any other
party thereto, which defaults remain uncured. Borrower is not in default in any material respect in the performance, observance or fulfillment of any of the obligations, covenants or conditions contained in any Permitted Encumbrance or any
other agreement or instrument to which it is a party or by which it or any of the Properties are bound. 

  
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 Section 4.15. Full and Accurate Disclosure. No statement of fact made by Borrower in
this Agreement or in any of the other Loan Documents contains any untrue statement of a material fact or omits to state any material fact necessary to make statements contained herein or therein not misleading in light of the circumstances in which
such statements were made (except that the foregoing shall be qualified by Borrower’s knowledge with respect to such statements of fact that are specifically qualified as being made to Borrower’s knowledge). There is no fact presently
known to Borrower that has not been disclosed to Lender that has had or could reasonably be expected to result in a Material Adverse Effect. 

Section 4.16. Financial Condition. Borrower has heretofore delivered to Lender annual financial statements which includes
statements of operations of the Borrower for the past three fiscal years. Such statements are accurate and complete in all material respects and fairly present in accordance with GAAP the financial position of Borrower in all material respects
as of their respective dates. Since the date of the most recent of such financial statements, except as otherwise disclosed in writing to Lender, there have occurred no changes or circumstances that have had or are reasonably expected to result in a
Material Adverse Effect. 
 Section 4.17. Single-Purpose Requirements.

(a) Borrower has at all times since its formation and at all times thereafter and is now a Single-Purpose Entity and has conducted its business
in substantial compliance with the provisions of its organizational documents. 
 (b) Borrower has provided Lender with true, correct and
complete copies of (i) Borrower’s current financial statements, and (ii) Borrower’s current operating agreement or partnership agreement, as applicable, together with all amendments and modifications thereto. 

(c) On or prior to the Closing Date, Borrower shall have been fully released from any loan (other than the Loan) secured by the Properties or
any of the Collateral (a “Prior Loan”), and to Borrower’s knowledge, as of the Closing Date, Borrower does not have any continuing liability, actual or contingent, for any Prior Loan (other than contingent liabilities of
Borrower, such as continuing obligations relating to environmental matters, for which no claims have been made, or to Borrower’s knowledge threatened, by any party against Borrower), and no recourse whatsoever against any portion of any of the
Properties shall be available to satisfy any Prior Loan under any circumstances. 
 Section 4.18. Use of Loan Proceeds. No part
of the proceeds of the Loan will be used for the purpose of purchasing or acquiring any “margin stock” within the meaning of Regulations T, U or X of the Board of Governors of the Federal Reserve System or for any other purpose that would
be inconsistent with such Regulations T, U or X or any other Regulations of such Board of Governors, or for any purpose prohibited by Legal Requirements or by the terms and conditions of the Loan Documents. The Loan is solely for the business
purpose of Borrower or for distribution to Borrower’s equityholders in accordance with Legal Requirements and no portion thereof shall be used for personal, consumer, household or similar purposes. 

  
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 Section 4.19. Not Foreign Person. Borrower is not a “foreign person” within
the meaning of Section 1445(f)(3) of the Code. 
 Section 4.20. Labor Matters. Borrower does not have any employees, and neither
Borrower nor Master Tenant a party to any collective bargaining agreements. 
 Section 4.21. Title. Borrower owns good and
marketable title to the Properties and, with respect to any Ground Lease Parcel, holds a valid and enforceable leasehold interest in such Ground Lease Parcel, and Borrower owns good title to the Collateral Accounts and to any other Collateral, in
each case free and clear of all Liens whatsoever except the Permitted Encumbrances. The Mortgages, when properly recorded in the appropriate records, together with any Uniform Commercial Code financing statements required to be filed in
connection therewith, will create (i) valid, perfected first priority Liens on the Properties and the rents therefrom, enforceable as such against creditors of and purchasers from Borrower and subject only to Permitted Encumbrances, and
(ii) perfected Liens in and to all personalty, all in accordance with the terms thereof, in each case subject only to any applicable Permitted Encumbrances. The Permitted Encumbrances do not and will not, individually or in the aggregate,
materially and adversely affect or interfere with the value, or current or contemplated use or operation, of the Properties, or the security intended to be provided by the Mortgages, the ability of the Properties to generate net cash flow sufficient
to service the Loan or Borrower’s ability to pay its obligations as and when they come due, including its ability to repay the Indebtedness in accordance with the terms of the Loan Documents. Except as insured over by a Title Insurance
Policy, there are no claims for payment for work, labor or materials affecting the Properties that are or may become a Lien prior to, or of equal priority with, the Liens created by the Loan Documents, except those which are bonded over, escrowed
for or are insured against by the Title Insurance Company. No creditor of Borrower other than Lender has in its possession any goods that constitute or evidence the Collateral. 

Section 4.22. No Encroachments. Except as shown on the applicable Survey, all of the improvements on each Property lie wholly
within the boundaries and building restriction lines of such Property, and no improvements on adjoining property encroach upon any Property, and no easements or other encumbrances upon any Property encroach upon any of the improvements, so as, in
either case, to adversely affect the value, use or marketability of the applicable Property, except those that are insured against by a Title Insurance Policy. 

Section 4.23. Physical Condition. 

(a) Except for matters set forth in the Engineering Reports, each Property and all building systems (including sidewalks, storm drainage
system, roof, plumbing system, HVAC system, fire protection system, electrical system, equipment, elevators, exterior sidings and doors, irrigation system and all structural components) are free of all material damage and are in good condition,
order and repair in all respects material to such Property’s use, operation and value.

  
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 (b) Except for matters set forth in the Engineering Reports, Borrower is not aware of any
material structural or other material defect or damages in any of the Properties, including, to Borrower’s knowledge, any latent defects or damages.

(c) Borrower has not received and is not aware of any other Person’s receipt of notice from any insurance company or bonding company of
any defects or inadequacies in any of the Properties that would, alone or in the aggregate, would reasonably be expected to have a Material Adverse Effect. 

Section 4.24. Fraudulent Conveyance. Borrower has not entered into the Transaction or any of the Loan Documents with the actual
intent to hinder, delay or defraud any creditor. Borrower has received reasonably equivalent value in exchange for its obligations under the Loan Documents. On the Closing Date, the fair salable value of Borrower’s aggregate assets is and
will, immediately following the making of the Loan and the use and disbursement of the proceeds thereof, be greater than Borrower’s probable aggregate liabilities (including subordinated, unliquidated, disputed and Contingent
Obligations). Borrower’s aggregate assets do not and, immediately following the making of the Loan and the use and disbursement of the proceeds thereof will not, constitute unreasonably small capital to carry out its business as conducted
or as proposed to be conducted. Borrower does not intend to, and does not believe that it will, incur debts and liabilities (including Contingent Obligations and other commitments) beyond its ability to pay such debts as they mature (taking
into account the timing and amounts to be payable on or in respect of obligations of Borrower). 
 Section 4.25.
Management. Except as set forth in the Exception Report, Borrower is not a party to any property management agreement with respect to any Property and the Property is currently self-managed by Borrower. 

Section 4.26. Condemnation. Except as set forth on the Exception Report, no Condemnation has been commenced or, to Borrower’s
knowledge, is contemplated or threatened with respect to all or any material portion of any of the Properties or for the relocation of roadways providing access to any of the Properties. 

Section 4.27. Utilities and Public Access. Except as set forth in the applicable Survey, each Property has adequate rights of
access to dedicated public ways (and makes no material use of any means of access or egress that is not pursuant to such dedicated public ways or recorded, irrevocable rights-of-way or easements) and is adequately served by all public utilities,
including water and sewer (or well and septic), necessary to the continued use and enjoyment of such Property as presently used and enjoyed. 

Section 4.28. Environmental Matters. Except as disclosed in the Environmental Reports: 

(i) To Borrower’s knowledge, no Hazardous Substances are (a) located at, on, in or under any of the Properties or (b) have
been handled, manufactured, generated, stored, processed, or disposed of at, on, in or under, or have been Released from, any of the Properties, except those that are both (1) in compliance in all material respects with applicable Environmental Laws
and with permits issued pursuant thereto (if such permits 

  
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are required), and (2) (A) in amounts not in excess of that reasonably necessary to operate, clean, repair and maintain the applicable Property or Master Tenant’s or any other tenant’s
respective business at such Property as set forth in the Master Lease or such other respective tenant’s Lease, (B) held by Master Tenant or such other tenant for sale to the public in its ordinary course of business, or (C) in a manner that is
not reasonably expected to result in the material contamination of the applicable Property or in a Material Adverse Effect. Without limiting the foregoing, to Borrower’s knowledge, there is not present at, on, in or under any of the
Properties, any PCB-containing equipment, asbestos or asbestos containing materials, underground storage tanks or surface impoundments for any Hazardous Substance, lead in drinking water, or lead-based paint, except those that are both (1) in
compliance in all material respects with applicable Environmental Laws and with permits issued pursuant thereto (if such permits are required), and (2) (A) in amounts not in excess of that reasonably necessary to operate, clean, repair and maintain
the applicable Property or Master Tenant’s or any other tenant’s respective business at such Property as set forth in the Master Lease or such other respective tenant’s Lease, (B) held by Master Tenant or such other tenant for sale to
the public in its ordinary course of business, or (C) in a manner that is not reasonably expected to result in the material contamination of the applicable Property or in a Material Adverse Effect. To Borrower’s knowledge, there is no
threat of any Release of any Hazardous Substance migrating to any of the Properties. 
 (ii) Each Property is in compliance
in all material respects with all Environmental Laws applicable to such Property (which compliance includes, but is not limited to, the possession of, and compliance with, all permits, approvals, licenses, registrations and other governmental
authorizations required in connection with the ownership and operation of such Property under all Environmental Laws). No Environmental Claim is pending with respect to any of the Properties, nor, to Borrower’s knowledge, is any
threatened, nor are there any consent decrees or other decrees, consent orders, administrative orders or other orders, or other administrative or judicial requirements outstanding under any Environmental Law with respect to Borrower, Master Tenant
or any of the Properties. 
 (iii) No Liens are presently recorded with the appropriate land records under or pursuant to any
Environmental Law with respect to any of the Properties and, to Borrower’s knowledge, no Governmental Authority has been taking any action to subject any of the Properties to Liens under any Environmental Law. 

(iv) There have been no material environmental investigations, studies, audits, reviews or other analyses conducted by or that
are in the possession of Borrower or Master Tenant in relation to any of the Properties that have not been made available to Lender. 

Section 4.29. Assessments. Except as set forth in the Exception Report, there are no pending or, to Borrower’s knowledge,
proposed special or other assessments for public improvements or otherwise affecting any of the Properties, nor are there any contemplated improvements to any of the Properties that may result in such special or other assessments. No extension
of time for assessment or payment by Borrower of any federal, state or local tax is in effect. 

  
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 Section 4.30. No Joint Assessment. Borrower has not suffered, permitted or initiated
the joint assessment of any of the Properties (i) with any other real property constituting a separate tax lot, or (ii) with any personal property, or any other procedure whereby the Lien of any Taxes that may be levied against such other
real property or personal property shall be assessed or levied or charged to any of the Properties as a single Lien.
 Section 4.31.
Separate Lots. No portion of any of the Properties is part of a tax lot that also includes any real property that is not Collateral. 

Section 4.32. Permits; Certificate of Occupancy. Borrower has obtained, or has caused to be obtained, all Permits necessary for
the present and contemplated use and operation of each Property unless failure to obtain such Permits would not result in a Material Adverse Effect. Except as set forth in the zoning reports delivered to Lender with respect to the Properties,
the uses being made of each Property are in conformity in all material respects with the certificate of occupancy and/or Permits for such Property and any other restrictions, covenants or conditions affecting such Property. 

Section 4.33. Flood Zone. None of the improvements on any of the Properties is located in an area identified by the Federal
Emergency Management Agency or the Federal Insurance Administration as a “100 year flood plain” or as having special flood hazards (including Zones A and V), or, to the extent that any portion of any of the Properties is located in such an
area, such Property is covered by flood insurance meeting the requirements set forth in Section 5.15(a)(ii). 
 Section 4.34.
Security Deposits. Borrower is in compliance in all material respects with all Legal Requirements relating to security deposits. 

Section 4.35. Intentionally Omitted.

Section 4.36. Insurance. Borrower has obtained, or has caused to be obtained, insurance policies reflecting the insurance
coverages, amounts and other requirements set forth in this Agreement. All premiums on such insurance policies required to be paid as of the Closing Date have been paid for the current policy period. Borrower has not and, to
Borrower’s knowledge, no other Person has done, by act or omission, anything that would impair the coverage of any such policy. 

Section 4.37. Intentionally Omitted.

Section 4.38. Estoppel Certificates. Borrower has requested estoppel certificates from each ground lessor under a Ground Lease on
the form heretofore agreed by Lender and has delivered to Lender true and complete copies of each estoppel certificate received back from any ground lessor under a Ground Lease prior to the Closing Date. 

  
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 Section 4.39. Federal Trade Embargos. Sponsor, Master Tenant, Mezzanine Borrower and
Borrower are in compliance with all Federal Trade Embargos in all material respects. No Embargoed Person owns any direct, or, to the best of Borrower’s knowledge, indirect equity interest in Borrower, Mezzanine Borrower or Master
Tenant. To Borrower’s knowledge, neither Master Tenant nor any other Tenant at any of the Properties is identified on the OFAC List. 

Section 4.40. Intellectual Property/Websites. Other than as set forth in the Exception Report, Borrower (i) does not have
or hold any tradenames, trademarks, servicemarks, logos, copyrights, patents or other intellectual property with respect to the Properties or the use or operations thereof or (ii) is not the registered holder of any website with respect to the
Properties (other than Tenant websites). 
 Section 4.41. Ground Leased Parcel. Taking into account the estoppel letter
delivered to Lender by the related ground lessor, except as set forth on the Exception Report, each of the following is true with respect to each Ground Lease: 

(i) The Ground Lease or a memorandum thereof has been duly recorded or submitted for recordation in a form that is acceptable
for recording in the applicable jurisdiction. The Ground Lease or ground lease estoppel letter permits the interest of the lessee to be encumbered by the applicable Mortgage and does not restrict the use of the applicable Property by Borrower
or Master Tenant, or either of its successors or assigns in a manner that would materially adversely affect the security provided by such Mortgage. 

(ii) The lessor has agreed in writing in the Ground Lease or such estoppel letter that the Ground Lease may not be amended,
modified, canceled or terminated without the prior written consent of Lender and that any such action without such consent is not binding on Lender; 

(iii) The Ground Lease has an original term (or an original term plus one or more optional renewal terms, which, under all
circumstances, may be exercised, and will be enforceable, by Borrower or Lender) that extends not less than 20 years beyond the scheduled Maturity Date;

(iv) The Ground Lease is not subject to any interests, estates, liens or encumbrances superior to, or of equal priority with,
the applicable Mortgage, except for the related fee interest of the ground lessor and the Permitted Encumbrances; 
 (v) The
Ground Lease does not place commercially unreasonable restrictions on the identity of the mortgagee and the Ground Lease is assignable to Lender and its successors and assigns without the consent of the lessor thereunder, and in the event it is so
assigned, it is further assignable by the holder of the Loan and its successors and assigns without the consent of the lessor; 

(vi) There is no event of default under the Ground Lease and, to Borrower’s knowledge, no condition that, but for the
passage of time or giving of notice, would result in a default under the terms of the Ground Lease, and the Ground Lease is in full force and effect as of the Closing Date; 

  
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 (vii) The Ground Lease or such estoppel letter requires the lessor to give to
Lender written notice of any default, and provides that no notice of default or termination is effective unless such notice is given to Lender; 

(viii) Lender is permitted an opportunity (including, where necessary, time to gain possession of the interest of Borrower
under the Ground Lease through legal proceedings) to cure any default under the Ground Lease which is curable after Lender’s receipt of notice of any default before the lessor may terminate the Ground Lease; 

(ix) To Borrower’s knowledge, the Ground Lease does not impose any restrictions on subletting that would be viewed as
commercially unreasonable by a prudent commercial mortgage lender; 
 (x) The Ground Lease or such estoppel letter does not
prohibit or otherwise prevent Loss Proceeds from being held by Lender in the Loss Proceeds Account and applied either to the repair or restoration of the applicable Property or to the payment of the Indebtedness in accordance herewith; and without
limiting the foregoing, in the case of a total or substantially total loss or taking, the Ground Lease does not prohibit or prevent the application of the Loss Proceeds to the payment of the Indebtedness; and 

(xi) Provided that the lender cures any defaults which are susceptible to being cured, the lessor has agreed to enter into a
new lease with Lender upon termination of the Ground Lease for any reason, or upon the rejection of the Ground Lease in a bankruptcy proceeding. 

Section 4.42. Condominiums. 

(a) Borrower has a (a) 10.7% aggregate percentage interest in the common elements of the Braintree Condominium; and (b) 31.08% aggregate
percentage interest in the common elements of the Northville Condominium.
 (b) Each Condominium Document is in full force and effect and
constitutes the binding obligation of Borrower and, to Borrower’s knowledge, each other party thereto. 
 (c) Except as expressly set
forth in the Exception Report, Borrower has not consented to any amendment or modification (oral or written) of any of the Condominium Documents, nor, to Borrower’s knowledge, does any such amendment or modification (oral or written) of any of
the Condominium Documents exist. 
 (d) No events exist that, now or after the passage of time, or both, would constitute a default by
Borrower under any of the Condominium Documents (unless such default would not cause or reasonably be expected to result in a Material Adverse Effect). In addition, to Borrower’s knowledge, no events exist that, now or after the passage of
time, or both, would constitute a default by any Person other than Borrower under any of the Condominium Documents (unless such default would not cause or reasonably be expected to result in a Material Adverse Effect). 

  
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 (e) Except as set forth in the Exception Report, there are no material sums that are due and
payable by Borrower under any of the Condominium Documents to any Condominium Association or the owners of any Condominium Units other than the Condominium Units owned by Borrower, which sums remain unpaid. In addition, except as set forth in
the Exception Report, to Borrower’s knowledge, there are no sums due and payable by any Condominium Association or the owners of the Condominium Units other than the Condominium Units owned by Borrower under any of the Condominium Documents to
Borrower, which sums remain unpaid. 
 (f) To Borrower’s knowledge, except as set forth on the Exception Report, there are no currently
outstanding special assessments under the Condominium Documents, and, to Borrower’s knowledge, none are presently contemplated. 
 (g)
To Borrower’s knowledge, except as would not reasonably be expected to have a Material Adverse Effect, there are no anticipated capital improvements or repairs presently being undertaken to the common elements or any other property of the
Condominiums and, to Borrower’s knowledge, the Condominium Associations do not presently contemplate undertaking any such capital improvements or repairs. 

(h) As of the date hereof, (a) with respect to the Braintree Condominium, the sole members of the board of directors of the Condominium
Association are Robin Hayden, who was appointed by Borrower, and Mary Rottler, Joseph Iantosca, Ruth Cavallucci, Mark Dufton, George Elefther, Gregory Botsivales and Richard Squires who were appointed by the owners of the Condominium Units other
than the Condominium Unit owned by Borrower; and (b) with respect to the Northville Condominium, the Condominium is governed by Eight and Haggerty, L.L.C., as administrator. 

(i) To Borrower’s knowledge, no Condominium Association has incurred any debts and has not encumbered the common elements or any other
property of its respective Condominium except as would not reasonably be expected to have a Material Adverse Effect. 
 (j) Except as set
forth on the Exception Report, to Borrower’s knowledge, no Condominium Association has not entered into any management or maintenance agreements with respect to the common elements or any other property of its respective Condominium. 

(k) No material disputes between Borrower and the owners of the Condominium Units other than the Condominium Units owned by Borrower and/or the
Condominium Associations, and, to Borrower’s knowledge, no material dispute between the owners of the Condominium Units other than the Condominium Units owned by Borrower and the Condominium Association have been submitted to the board of
directors of the Condominium Association or any other Person for resolution in accordance with the provisions of the Condominium Documents. 

(l) To Borrower’s knowledge, there are no actions, whether voluntary or otherwise, pending against the owners of the Condominium Units
other than the Condominium Units owned by Borrower or the Condominium Associations pursuant to the bankruptcy or insolvency laws of the United States or any state thereof, and none has been threatened. 

  
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 (m) Neither the Condominium Association nor the owners of the Condominium Units other than the
Condominium Units owned by Borrower have any purchase, lease or other options or rights of first refusal with respect to the applicable Property pursuant to the Condominium Documents or otherwise. 

Section 4.43. Four-Wall EBITDAR to Rent Ratio. The Four-Wall EBITDAR to Rent Ratio as of the Closing Date is equal to 2.70:1.00.

 Section 4.44. Survival. All of the representations of Borrower set forth in this Agreement and in the other Loan Documents
shall survive for so long as any portion of the Indebtedness is outstanding. All representations, covenants and agreements made by Borrower in this Agreement or in the other Loan Documents shall be deemed to have been relied upon by Lender
notwithstanding any investigation heretofore or hereafter made by Lender or on its behalf. On the date of any Securitization, on not less than five business days’ prior written notice, Borrower shall deliver to Lender a certification (x)
confirming that all of the representations contained in this Agreement are true and correct in all material respects as of the date of such Securitization, or (y) otherwise specifying any changes in or qualifications to such representations as of
such date as may be necessary to make such representations consistent with the facts as they exist on such date. 
 ARTICLE V 

AFFIRMATIVE COVENANTS 

Borrower covenants and agrees as follows: 

Section 5.1. Existence; Licenses; Tax Status. Borrower and Master Tenant shall do or cause to be done all things necessary to
remain in existence. Borrower shall, or shall cause Master Tenant to, do or cause to be done all things necessary to preserve, renew and keep in full force and effect all rights, licenses, Permits, franchises, certificates of occupancy,
consents, approvals and other agreements necessary for the continued use and operation of the Properties and to remain qualified to do business in the jurisdiction in which each Property is located. Borrower and Master Tenant shall deliver to
Lender a copy of each amendment or other modification to any of its organizational documents promptly after the execution thereof. Borrower shall at all times elect to be treated for tax purposes as a “disregarded entity” that is not
taxable as a corporation for U.S. federal income tax purposes. 
 Section 5.2. Maintenance of Properties. 

(a) Borrower shall, or shall cause Master Tenant to, cause each Property to be maintained in good and safe working order and repair, reasonable
wear and tear excepted, and in keeping with the condition and repair of properties of a similar use, value, age, nature and construction. Borrower shall not, nor shall Borrower permit Master Tenant to, use, maintain or operate any Property in
any manner that constitutes a public or private nuisance or that makes void, voidable, or cancelable, or increases the premium of, any insurance then in force with respect thereto. Subject to Section 6.13 and to the rights of Tenants
under Leases, no improvements or equipment located at or on any Property shall be removed, demolished or 

  
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materially altered without the prior written consent of Lender (except for replacement of equipment in the ordinary course of Borrower’s and/or Master Tenant’s business with items of
the same utility and of equal or greater value and sales of obsolete equipment no longer needed for the operation of the applicable Property), and Borrower shall from time to time make, or cause to be made (by Master Tenant or any other Person), all
reasonably necessary and desirable repairs, renewals, replacements and improvements to the Properties. Borrower shall not knowingly make, and shall not permit Master Tenant to make, any change in the use of any Property that would materially
increase the risk of fire or other hazard arising out of the operation of any Property, or do or permit to be done thereon anything that may in any way impair the value of any Property in any material respect or the Liens of the Mortgages or
otherwise cause or reasonably be expected to result in a Material Adverse Effect. Borrower shall not install or permit to be installed (by Master Tenant or any other Person) on any Property any underground storage tank. Borrower shall not,
without the prior written consent of Lender, permit (by Master Tenant or any other Person) any drilling or exploration for or extraction, removal, or production of any minerals from the surface or the subsurface of any Property, regardless of the
depth thereof or the method of mining or extraction thereof. 
 (b) Borrower shall cause Master Tenant to remediate the Deferred Maintenance
Conditions within the time periods following the Closing Date as specified in Schedule C hereto (or if no time periods are specified on Schedule C, within 12 months following the Closing Date), subject to Force Majeure, and upon
request from Lender after the expiration of such period shall deliver to Lender an Officer’s Certificate confirming that such remediation has been completed and that all associated expenses have been paid. Borrower shall, and shall cause
Master Tenant to, comply with all material terms of any asbestos operating and maintenance program in effect as of the Closing Date or otherwise required to be implemented by Borrower or Master Tenant. 

Section 5.3. Compliance with Legal Requirements. Borrower shall, and shall cause Master Tenant to, comply in all material respects
with, and shall cause the Properties to comply in all material respects with and be operated, maintained, repaired and improved in compliance in all material respects with, all Legal Requirements, Insurance Requirements and all material contractual
obligations by which Borrower and Master Tenant are legally bound. 
 Section 5.4. Impositions and Other Claims. Borrower shall
pay and discharge all taxes, assessments and governmental charges levied upon it, its income and its assets as and when prior to delinquency, as well as all lawful claims for labor, materials and supplies or otherwise, subject to any rights to
contest contained in the definition of Permitted Encumbrances. Borrower shall, and shall cause Master Tenant to, file all federal, state and local tax returns and other reports that it is required by law to file. If any law or regulation
applicable to any Note, any of the Collateral or any of the Mortgages is enacted that deducts from the value of property for the purpose of taxation any Lien thereon, or imposes upon Lender the payment of the whole or any portion of the taxes or
assessments or charges or Liens required by this Agreement to be paid by Borrower, or changes in any way the laws or regulations relating to the taxation of mortgages or security agreements or debts secured by mortgages or security agreements or the
interest of the mortgagee or secured party in the property covered thereby, or the manner of collection of such taxes, so as to affect any of the Mortgages, or the Indebtedness, then Borrower, upon demand by Lender, shall pay such taxes,
assessments, charges or Liens, or 

  
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reimburse Lender for any amounts paid by Lender, subject to the right of Borrower to contest such taxes. Following any such demand, Borrower shall have the right, upon 30 days’ advance
written notice to Lender, to repay the Indebtedness in full (but not in part) without the payment of any prepayment premium or prepayment fee. In addition, if in the opinion of Lender’s counsel it might be unlawful to require Borrower to
make such payment or the making of such payment might result in the imposition of interest beyond the maximum amount permitted by applicable law, Lender may elect to declare all of the Indebtedness to be due and payable 90 days from the giving of
written notice by Lender to Borrower. 
 Section 5.5. Access to Properties. Borrower shall, and shall cause Master Tenant to,
permit agents, representatives and employees of Lender and the Servicer to enter and inspect the Properties or any portion thereof, and/or inspect, examine, audit and copy the books and records of Borrower and Master Tenant (including all recorded
data of any kind or nature, regardless of the medium of recording), at such reasonable times as may be requested by Lender upon reasonable advance notice and subject to the rights of Tenants; provided, however, except if an Event of Default has
occurred and is continuing, without Borrower’s express prior written consent, which shall not be unreasonably withheld, delayed or conditioned, no such inspection shall include any intrusive (i.e. “Phase II”) environmental
investigations or collection of samples of any environmental media (including air, soil, groundwater, surface water or building materials); provided, further, that, unless an Event of Default has occurred and is continuing, such inspections shall
not occur more frequently than once per calendar year and shall in no event occur between October 31 and December 31 of each year of the term of the Loan, in each case without Borrower’s prior written consent which shall not be
unreasonably withheld, delayed or conditioned. If Lender shall determine that an Event of Default exists, the actual, out-of-pocket cost of such inspections, examinations, copying or audits shall be borne by Borrower, including the cost of all
follow up or additional investigations, audits or inquiries deemed reasonably necessary by Lender. The cost of such inspections, examinations, audits and copying, if not paid for by Borrower following demand, may be added to the Indebtedness
and shall bear interest thereafter until paid at the Default Rate.
 Section 5.6. Cooperate in Legal Proceedings. Except with
respect to any claim by Borrower against Lender, Borrower shall, and shall cause Master Tenant to, cooperate with Lender with respect to any proceedings before any Governmental Authority that may in any way affect the rights of Lender hereunder or
under any of the Loan Documents and, in connection therewith, Lender may, at its election, participate or designate a representative to participate in any such proceedings. 

Section 5.7. Leases.
 (a)
Lender hereby approves the Master Lease. Each Lease entered into after the date hereof shall be subject to the prior written approval of Lender; provided, however, that so long as no Event of Default is continuing, Borrower may permit or allow
Master Tenant to enter into a sublease which meets the Approved Sublease Parameters without the consent of Lender. Borrower shall pay the actual, out-of-pocket costs and expenses associated with Lender or its counsel’s review of any Lease
for which Lender’s consent may be required under this Section 5.7.

  
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 (b) Borrower shall not, and shall not permit Master Tenant to, orally or in writing, without the
prior written consent of Lender, alter, supplement, amend, modify or waive the terms or provisions of, renew, terminate, reduce rents or accept a surrender of space under, extend or shorten the term of, or enter into a sublease or a subordination,
nondisturbance and attornment agreement in connection with, any Lease (other than a sublease meeting the Approved Sublease Parameters) or the premises demised thereby (including any guaranty, letter of credit or other credit support with respect
thereto); provided, however, that Borrower may permit Master Tenant to terminate a Lease subject to compliance with Section 5.7(i) below in connection with the decision to have the applicable Property become a Dark
Property. Any amendment, modification, waiver, termination, assignment, pledge, release, hypothecation, rent reduction, space surrender or term shortening of any Lease (other than a sublease meeting the Approved Sublease Parameters) shall be
subject to the prior written approval of Lender (each, a “Lease Modification”), and shall be at Borrower’s sole cost and expense. In addition, Borrower shall not, without the prior consent of Lender, surrender any interest
of Borrower in the Master Lease and if Borrower shall default in the performance or observance of any term, covenant or condition of the Master Lease on the part of Borrower and shall fail to cure the same prior to the expiration of any applicable
cure period provided thereunder, Lender shall have the right, but shall be under no obligation, to pay any sums and to perform any act or take any action as may be appropriate to cause all of the terms, covenants and conditions of the Master Lease
on the part of Borrower to be performed or observed on behalf of Borrower, to the end that the rights of Borrower in, to and under the Master Lease shall be kept unimpaired and free from default. Notwithstanding anything to the contrary
contained herein, at any time Borrower has any right to consent to any item under the Master Lease or the space demised thereby, Borrower shall not take such action without the prior written consent of Lender (other than with respect to a sublease
meeting the Approved Sublease Parameters). If Borrower or Master Tenant shall deliver to Lender a copy of any notice of default under the Master Lease, such notice shall constitute full protection to Lender for any action taken or omitted to be
taken by Lender, in good faith, in reliance thereon. 
 (c) Borrower shall, and shall cause Master Tenant to, (i) observe and punctually
perform all the material obligations imposed upon the lessor under the Leases; (ii) enforce all of the material terms, covenants and conditions contained in the Leases on the part of the lessee thereunder to be observed or performed, short of
termination thereof except that Borrower and/or Master Tenant may terminate any Lease (other than the Master Lease) following a monetary or material non-monetary default thereunder by the respective Tenant which default has not been cured within
thirty (30) days after the occurrence thereof; (iii) not collect any of the rents thereunder more than one month in advance; (iv) not execute any assignment of lessor’s interest in the Leases or associated rents other than the
assignments of rents and leases under the Mortgages; (v) not cancel or terminate any guarantee of any of the Leases without the prior written consent of Lender other than as may be required pursuant to the terms thereof or in connection with
the termination of the applicable Lease to which such guarantee relates; and (vi) other than with respect to a sublease meeting the Approved Sublease Parameters, provided no Event of Default is continuing, not permit any subletting of any space
covered by a Lease or an assignment of the Tenant’s rights under a Lease, without the prior written consent of Lender, not to be unreasonably withheld, unless required by the terms of such Lease. Borrower shall, or shall cause Master
Tenant to, deliver to each new Tenant a Tenant Notice upon execution of such Tenant’s Lease, and promptly thereafter deliver to Lender a copy 

  
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thereof and evidence of such Tenant’s receipt thereof. Provided that no Event of Default is continuing, Lender, at the request of Borrower (and at Borrower’s sole cost and
expense), shall enter into a subordination, attornment and non-disturbance agreement on Lender’s then standard form (with such modifications thereto as may be reasonably acceptable to Lender) or on such other form reasonably satisfactory to
Lender, with respect to a sublease meeting the Approved Sublease Parameters entered into after the Closing Date in accordance herewith that expressly requires the delivery of a subordination, attornment and non-disturbance agreement.

(d) Security deposits of Tenants under all Leases shall be held in compliance with Legal Requirements and any provisions in Leases relating
thereto. Borrower shall, or shall cause Master Tenant to, maintain books and records of sufficient detail to identify all security deposits of Tenants separate and apart from any other payments received from Tenants. Subject to Legal
Requirement, any letter of credit, bond or other instrument held by Borrower or Mater Tenant in lieu of cash security shall name Lender as payee or mortgagee thereunder or be fully assignable to Lender. Borrower hereby pledges to Lender each
such letter of credit, bond or other instrument as security for the Indebtedness. Upon the occurrence of an Event of Default, Borrower shall, and shall cause Master Tenant to, upon Lender’s request, deposit with Lender in an Eligible
Account pledged to Lender an amount equal to the aggregate security deposit of the Tenants (and any interest theretofore earned on such security deposits and actually received by Borrower or Master Tenant), and any such letters of credit, bonds or
other instruments that Borrower or Master Tenant have not returned to the applicable Tenants or applied in accordance with the terms of the applicable Lease (and failure to do so shall constitute a misappropriation of funds pursuant to Section
9.19(b)). 
 (e) Borrower shall, and shall cause Master Tenant to, promptly deliver to Lender a copy of each written notice from a Tenant
under any Lease claiming that Borrower or Master Tenant is in default in the performance or observance of any of the material terms, covenants or conditions thereof to be performed or observed by Borrower or Master Tenant. Borrower shall, and
shall cause Master Tenant to, use commercially reasonable efforts to provide in each Lease executed after the Closing Date to which Borrower or Master Tenant is a party that any Tenant delivering any such notice shall send a copy of such notice
directly to Lender. 
 (f) All agreements entered into by or on behalf of Borrower or Master Tenant that require the payment of Leasing
Commissions or other similar compensation to any party shall (i) provide that the obligation will not be enforceable against Lender and (ii) be subordinate to the lien of the Mortgage. 

(g) Borrower shall, and shall cause Master Tenant to, cause the Properties to be operated, in all material respects, in accordance with the
Master Lease. 
 (h) Borrower shall, and shall cause Master Tenant to: (i) promptly perform and/or observe, in all material respects,
all of the covenants and agreements required to be performed and observed by it under the Master Lease and do all things necessary to preserve and to keep unimpaired its material rights thereunder; (ii) promptly notify Lender of any material
default under the Master Lease of which it is aware; (iii) promptly deliver to Lender a copy of each financial statement, business plan, capital expenditures plan, notice, report and estimate received by it under the Master Lease; and
(iv) enforce the performance and observance, in all material respects, of all of the covenants and agreements required to be performed and/or observed under the Master Lease, in a commercially reasonable manner. 

  
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 (i) Dark Properties. (i) At any time and from time to time, Borrower may allow a
Property to go Dark provided that: 
 (A) the number of Dark Properties does not exceed the Dark Limit at any time; and 

(B) Master Tenant complies with all of the terms and conditions of the Master Lease (including with respect to any Property
becoming a Dark Property). 
 (ii) If at any time the number of Dark Properties exceeds the Dark Limit, then within 30 days
of such Dark Limit being exceeded, Borrower shall either (I) cause such Dark Property or Properties, as the case may be, to be reopened for business to the public, causing such Property to no longer be Dark, and shall provide evidence reasonably
satisfactory to Lender thereof, or (II) cause one or more Dark Properties to be released from the Lien of the applicable Mortgage pursuant to and in accordance with Section 2.2 hereof (including, without limitation, by payment of the Release
Price with respect to such Property and all other amounts due in connection therewith), such that the number of Dark Properties does not exceed the Dark Limit immediately thereafter. 

(j) If any Property shall go Dark, upon receipt of notice from Master Tenant, Borrower shall within five Business Days thereafter send written
notice thereof to Lender. 
 Section 5.8. Plan Assets, etc. Borrower will do, or cause to be done, all things necessary to
ensure that it will not be deemed to hold Plan Assets at any time. 
 Section 5.9. Further Assurances. Borrower shall, and shall
cause Master Tenant to, at Borrower’s sole cost and expense, from time to time as reasonably requested by Lender, execute, acknowledge, record, register, file and/or deliver to Lender such other instruments, agreements, certificates and
documents (including amended or replacement mortgages), and Borrower hereby authorizes and consents to the filing by Lender of any Uniform Commercial Code financing statements, and authorizes Lender to use the collateral description “all
personal property” or “all assets” in any such financing statements, in each case as Lender may reasonably request to evidence, confirm, perfect and maintain the Liens securing or intended to secure the obligations of Borrower
and the rights of Lender under the Loan Documents and do and execute all such further lawful and reasonable acts, conveyances and assurances for the better and more effective carrying out of the intents and purposes of this Agreement and the other
Loan Documents as Lender shall reasonably request from time to time (including the payment and application of Loss Proceeds). Upon foreclosure, the appointment of a receiver or any other relevant action, Borrower shall, and shall cause
Master Tenant to, at its sole cost and expense, cooperate fully and completely to effect the assignment or transfer of any license, permit, agreement or any other right necessary or useful to the operation of the Collateral. Upon receipt of an
affidavit of Lender as to the loss, theft, destruction or mutilation of any Note, Borrower shall issue, in lieu thereof, a replacement Note in the same principal amount thereof and in the form thereof. Borrower hereby authorizes and appoints
Lender as its 

  
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attorney-in-fact to execute, acknowledge, record, register and/or file such instruments, agreements, certificates and documents, and to do and execute such acts, conveyances and assurances,
should Borrower fail to do so itself in violation of this Agreement or the other Loan Documents following written request from Lender, in each case without the signature of Borrower. The foregoing grant of authority is a power of attorney
coupled with an interest and such appointment shall be irrevocable for the term of this Agreement. Borrower hereby ratifies all actions that such attorney shall lawfully take or cause to be taken in accordance with this Section.

Section 5.10. Management Agreement. Borrower shall not engage any property manager with respect to any Property or enter into any
property management agreement with respect to any Property without Lender’s prior written consent, not to be unreasonably withheld, delayed or conditioned. 

Section 5.11. Notice of Material Event. Borrower shall give Lender prompt notice (containing reasonable detail) of (i) any
litigation or governmental proceedings pending or threatened in writing against Borrower or any Property that could reasonably be expected to result in a Material Adverse Effect, (ii) the insolvency or bankruptcy filing of Borrower or Sponsor, and
(iii) any Mezzanine Loan Event of Default. 
 Section 5.12. Annual Financial Statements. As soon as available, and in any event
within ninety (90) days after the close of each Fiscal Year, Borrower shall furnish to Lender, in an Excel spreadsheet file in electronic format (which may be via an intralinks site at Borrower’s sole cost and expense), or, in the case of
predominantly text documents, in Adobe pdf format, annual financial statements of Borrower, Sponsor and Master Tenant (provided, however, with respect to Sponsor and Master Tenant, such spreadsheets and financial statements shall not be required in
the event that such items are filed pursuant to a Form 8-K, Form 10-K, or Form 10-Q, as applicable), including a balance sheet of Borrower, Sponsor and Master Tenant as of the end of such Fiscal Year, together with related statements of operations,
equityholders’ capital and cash flows for such Fiscal Year, audited by a “Big Four” accounting firm whose opinion shall be to the effect that such financial statements have been prepared in accordance with GAAP applied on a consistent
basis and shall not be qualified as to the scope of the audit or as to the status of Borrower, Sponsor and Master Tenant as a going concern, other than solely with respect to, or resulting solely from an upcoming maturity date of Indebtedness
incurred under this Agreement occurring within one year from the time such opinion is delivered. Together with Borrower’s, Sponsor’s and Master Tenant’s annual financial statements, Borrower shall furnish to Lender, in an Excel
spreadsheet file in electronic format (which may be via an intralinks site at Borrower’s sole cost and expense), or, in the case of predominantly text documents, in Adobe pdf format: 

(i) a statement of Four-Wall EBITDAR and annual sales with respect to each Property; and 

(ii) solely during a Material Sublease Period, the then current rent roll and occupancy reports. 

  
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 Section 5.13. Quarterly Financial Statements. As soon as available, and in any event
within sixty (60) days after the end of each Fiscal Quarter (but excluding the fourth Fiscal Quarter of each Fiscal Year), Borrower shall furnish to Lender, in an Excel spreadsheet file in electronic format (which may be via an intralinks site at
Borrower’s sole cost and expense), or, in the case of predominantly text documents, in Adobe pdf format, quarterly and year-to-date unaudited financial statements prepared for such Fiscal Quarter with respect to Borrower, Sponsor and Master
Tenant, including a balance sheet of Borrower, Sponsor and Master Tenant as of the end of such Fiscal Quarter, together with related statements of operations for such Fiscal Quarter and for the portion of the Fiscal Year ending with such Fiscal
Quarter, and a statement of equityholders’ capital and cash flows for the portion of the Fiscal Year ending with such Fiscal Quarter, which statements shall be accompanied by an Officer’s Certificate certifying that the same are true,
correct and complete and were prepared in accordance with GAAP applied on a consistent basis, subject to changes resulting from audit and normal year-end audit adjustments. Each such quarterly report shall be accompanied by the following, in an
Excel spreadsheet file in electronic format (which may be via an intralinks site at Borrower’s sole cost and expense), or, in the case of predominantly text documents, in Adobe pdf format: 

(i) a statement of Four-Wall EBITDAR and quarterly sales with respect to each Property; 

(ii) upon the request of Lender, copies of each of the Leases signed during such quarter; and 

(iii) solely during a Material Sublease Period, the then current rent roll and occupancy reports. 

Section 5.14. Intentionally Omitted.

Section 5.15. Insurance.

(a) Borrower shall, or shall cause Master Tenant to, obtain and maintain with respect to the Properties, for the mutual benefit of Borrower and
Lender at all times, the following policies of insurance: 
 (i) property insurance against loss or damage by standard perils
included within the classification “All Risks” or “Special Form” Causes of Loss, including coverage for damage caused by windstorm (including named storm) and hail. Such insurance shall (A) be in an amount equal to the full
insurable value on a replacement cost basis of the Properties and, if applicable, all related furniture, furnishings, equipment and fixtures (without deduction for physical depreciation); (B) have deductibles acceptable to Lender (but in any event
not in excess of $150,000, except in the case of windstorm, flood and earthquake coverage, which shall have deductibles not in excess of 5% of the total insurable value of the applicable Property, subject to a $150,000 minimum per occurrence); (C)
be paid annually; (D) be written on a “Replacement Cost” basis, waiving depreciation, (E) be written on a no coinsurance form or contain an “Agreed Amount” endorsement, waiving all coinsurance provisions; (F) include
ordinance or law coverage on a replacement cost basis, with no co-insurance provisions, 

  
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containing Coverage A: “Loss Due to Operation of Law” (with a limit equal to replacement cost), Coverage B: “Demolition Cost” and Coverage C: “Increased Cost of
Construction” coverages each with limits of no less than 10% of replacement cost or such lesser amounts as Lender may require in its sole discretion; and (G) permit that the improvements and other property covered by such insurance be rebuilt
at another location in the event that such improvements and other property cannot be rebuilt at the location on which they are situated as of the date hereof; 

(ii) if any material portion of one or more of the Properties is located in an area identified in the Federal Register by the
Federal Emergency Management Agency as having special flood hazards, flood insurance in an amount equal to the maximum limit of coverage available under the National Flood Insurance Program, with a deductible not in excess of $50,000, plus such
additional excess limits as shall be requested by Lender; 
 (iii) commercial general liability insurance, including broad
form coverage of property damage, contractual liability for insured contracts, personal injury (including bodily injury and death) and terrorism, to be on the so-called “occurrence” form containing minimum limits per occurrence of not less
than $1,000,000 with not less than a $2,000,000 general aggregate for any policy year. In addition, at least $100,000,000 excess and/or umbrella liability insurance shall be obtained and maintained for any and all covered claims and shall be on
terms substantially consistent with the underlying commercial general liability insurance policy, employer’s liability and automobile liability coverage required in this Section 5.15; 

(iv) rental loss and/or business interruption insurance (A) covering a period of not less than 24 months or on an actual loss
sustained basis during the period of restoration from all risks required to be covered by the insurance provided for herein, including clauses (i), (ii), (v), (vii), (viii) and (ix) of this Section,
and (B) containing an extended period of indemnity endorsement covering the 12 month period commencing on the date on which the applicable Property or Properties have been restored, as reasonably determined by the applicable insurer (even if the
policy will expire prior to the end of such period). The amount of such insurance shall be increased from time to time as and when the gross revenues from the Properties increase; 

(v) insurance for steam boilers, air conditioning equipment, high pressure piping, machinery and equipment, pressure vessels or
similar apparatus now or hereafter installed in any of the improvements (without exclusion for explosions) and insurance against loss of occupancy or use arising from any breakdown, in such amounts as are generally available and are generally
required by institutional lenders for properties comparable to the Properties, in each case, with a deductible not in excess of $150,000; 

(vi) worker’s compensation insurance with respect to all employees of Borrower as and to the extent required by any
Governmental Authority or Legal Requirement and employer’s liability coverage of at least $1,000,000 (if applicable); 

  
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 (vii) during any period of repair or restoration, and only if the property and
liability coverage forms do not otherwise apply,(A) commercial general liability and umbrella liability insurance covering claims related to the repairs or restoration at the Properties that are not covered by or under the terms or provisions of the
insurance provided for in Section 5.15(a)(iii) and (B) the insurance provided for in Section 5.15(a)(i), which shall, in addition to the requirements set forth in such Section, (1) be written in a so-called builder’s risk
completed value form or equivalent coverage, including coverage for 100% of the total costs of construction on a non-reporting basis and against all risks insured against pursuant to clauses (i), (ii), (iv), (v),
(viii) and (ix) of Section 5.15(a), and (2) include permission to occupy the Properties); 
 (viii) for
any Property in seismic zone 3 or 4, earthquake insurance (A) with minimum coverage equivalent to the greater of 1.0x SUL (scenario upper loss) and 1.5x SEL (scenario expected loss) multiplied by the full replacement cost of the building plus
business income; provided further that if the earthquake insurance coverage is provided under a blanket insurance Policy, the earthquake limit shall, in no event, be less than the gross loss estimate for a 500-year return period for all high risk
locations covered by such limit as indicated by a seismic risk analysis to be approved by Lender and Rating Agencies and secured by the applicable Borrower using the most current RMS software, or its equivalent, (B) having a deductible not in excess
of 5% of the total insurable value of the Properties, subject to a $150,000 minimum per occurrence, and (C) if the one or more of the Properties is legally nonconforming under applicable zoning ordinances and codes, containing ordinance of law
coverage in amounts as required by Lender; 
 (ix) so long as the Terrorism Risk Insurance Program Reauthorization Act of
2007 (“TRIPRA”) or a similar or subsequent statute is in effect, terrorism insurance for foreign and domestic acts (as such terms are defined in TRIPRA or similar or subsequent statute) in an amount equal to the full replacement
cost of the Properties (plus rental loss and/or business interruption insurance coverage for a term set forth in clause (iv) above). If TRIPRA or a similar or subsequent statute is not in effect, then provided that terrorism insurance is
commercially available, Borrower shall be required to carry terrorism insurance throughout the term of the Loan as required by the preceding sentence, but in such event Borrower shall not be required to spend on terrorism insurance coverage more
than two-timesthe amount of the insurance premium that is payable at such time in respect of the property and business interruption/rental loss insurance required hereunder on a stand alone-basis (without giving effect to the cost of terrorism and
earthquake components of such casualty and business interruption/rental loss insurance), and if the cost of terrorism insurance exceeds such amount, Borrower shall purchase the maximum amount of terrorism insurance available with funds equal to such
amount. In either such case, such insurance shall not have a deductible in excess of $150,000; 
 (x) auto liability
coverage for all owned and non-owned vehicles, including rented and leased vehicles containing minimum limits per occurrence of $1,000,000 (if applicable);

(xi) Intentionally deleted; and 

(xii) such other insurance as may from time to time be reasonably requested by Lender. 

  
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 (b) All policies of insurance (the “Policies”) required pursuant to this Section
shall be issued by one or more insurers having a rating of at least “A” by S&P and “A2” by Moody’s (or, if Moody’s does not rate such insurer, at least “A:VIII” by A.M. Best), or by a syndicate of insurers
through which at least 75% of the coverage (if there are 4 or fewer members of the syndicate) or at least 60% of the coverage (if there are 5 or more members of the syndicate) is with insurers having such ratings (provided that the first layers of
coverage are from insurers rated at least “A” by S&P and “A2” by Moody’s (or, if Moody’s does not rate such insurer, at least “A:VIII” by A.M. Best), and all remaining insurers shall have ratings of not
less than “BBB+” by S&P and “Baa1” by Moody’s (or, if Moody’s does not rate such insurer, at least “A:VIII” by A.M. Best)). Notwithstanding the foregoing, Borrower shall be permitted to maintain
the portion of the umbrella liability coverage with Starr Indemnity & Liability Company (“Starr”), rated “A XIV” with A.M. Best, in its current participation amount and position within the syndicate, provided that (1) the
rating of Starr is not withdrawn or downgraded below the date hereof and (2) at renewal of the current policy term, Borrower shall replace Starr with an insurance company meeting the rating requirements set forth hereinabove. 

(c) All Policies required pursuant to this Section: 

(i) shall contain deductibles that, in addition to complying with any other requirements expressly set forth in Section
5.15(a), are approved by Lender (such approval not to be unreasonably withheld, delayed or conditioned, but subject to the requirements of each Rating Agency) and are no larger than is customary for similar policies covering similar properties
in the geographic markets in which the Properties are located; 
 (ii) shall be maintained throughout the term of the Loan
without cost to Lender and shall name Borrower as the named insured; 
 (iii) with respect to property and rental or business
interruption insurance policies, shall contain a standard noncontributory mortgagee clause naming Lender and its successors and assigns as their interests may appear as first mortgagee and loss payee; 

(iv) with respect to liability policies, except for workers compensation, employers liability and auto liability, shall name
Lender and its successors and assigns as their interests may appear as additional insureds; 
 (v) with respect to property
and rental or business interruption insurance policies, shall either be written on a no coinsurance form or contain an endorsement providing that neither Borrower nor Lender nor any other party shall be a
co-insurer under such Policies; 
 (vi) with respect to property and rental or
business interruption insurance policies, shall contain an endorsement or other provision providing that Lender shall receive at least 30 days’ prior written notice of cancellation thereof by the insurer (or, in the case of cancellation due to
non-payment of premium, 10 days’ prior written notice); 

  
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 (vii) with respect to property and rental or business interruption insurance
policies, shall contain an endorsement providing that no act or negligence of Borrower or any foreclosure or other proceeding or notice of sale relating to one or more of the Properties shall affect the validity or enforceability of the insurance
insofar as a mortgagee is concerned; 
 (viii) shall not contain provisions that would make Lender liable for any insurance
premiums thereon or subject to any assessments thereunder; 
 (ix) shall contain a waiver of subrogation against Lender, as
applicable; 
 (x) may be in the form of a blanket policy, provided that Borrower shall provide to
Lender insurance premiums that are separately allocated to the Properties, and such blanket policy shall provide the same protection as would a separate Policy as reasonably determined by Lender, subject to review and approval by Lender based
on a schedule summarizing the locations and values; and 
 (xi) shall otherwise be reasonably satisfactory in form and
substance to Lender and shall contain such other provisions as Lender deems reasonably necessary or desirable to protect its interests. 

(d) Borrower shall, or shall cause Master Tenant to, pay the premiums for all Policies as the same become due and payable. Complete copies
of such Policies shall be delivered by Borrower, using commercially reasonable efforts, to Lender promptly upon request after they have been issued by the insurer. Prior to the expiration date of each Policy, Borrower shall deliver to Lender
evidence, reasonably satisfactory to Lender, of its renewal. Borrower shall promptly forward to Lender a copy of each written notice received by Borrower or Master Tenant of any economic or material non-economic modification, reduction or
cancellation of any of the Policies or of any of the coverages afforded under any of the Policies. Within thirty (30) days after request by Lender, Borrower shall, or shall cause Master Tenant to, obtain such increases in the amounts of
coverage required hereunder as may be reasonably requested by Lender, taking into consideration changes in the value of money over time, changes in liability laws, changes in prudent customs and practices, and the like. 

(e) Borrower shall not, and shall not permit Master Tenant to, procure any other insurance coverage that would be on the same level of payment
as the Policies or would adversely impact in any way the ability of Lender, Borrower or Master Tenant to collect any proceeds under any of the Policies. If at any time Lender is not in receipt of written evidence that all Policies are in full
force and effect when and as required hereunder, Lender shall have the right to take such action as Lender deems necessary to protect its interest in the Properties, including the obtaining of such insurance coverage as Lender in its sole discretion
deems appropriate (but limited to the coverages and amounts required hereunder). All premiums, actual, documented out-of-pocket costs and expenses (including reasonable attorneys’ fees and expenses) incurred by Lender in connection with
such action or in obtaining such insurance and keeping it in effect shall be paid by Borrower or Master Tenant to Lender upon demand and, until paid, shall bear interest at the Default Rate. 

  
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 (f) In the event of foreclosure of one or more of the Mortgages or other transfer of title to one
or more of the Properties in extinguishment in whole or in part of the Indebtedness, all right, title and interest of Borrower or Master Tenant in and to all proceeds payable thereunder with respect to such Properties shall thereupon vest in the
purchaser at such foreclosure or in Lender or other transferee in the event of such other transfer of title. 
 (g) Borrower shall, and shall
cause Master Tenant to, cooperate with Lender in obtaining for Lender the benefits of any Loss Proceeds lawfully or equitably payable in connection with any Individual Property, and Lender shall be reimbursed for any reasonable and documented
expenses incurred in connection therewith (including, without limitation, reasonable and documented attorneys’ fees and disbursements, and the payment by Borrower of the expense of an appraisal on behalf of Lender in case of Casualty or
Condemnation affecting any Property or any part thereof) out of such Loss Proceeds. 
 Section 5.16. Casualty and Condemnation.

(a) Borrower shall give prompt notice to Lender of any Casualty or Condemnation or of the actual or threatened commencement of proceedings that
would result in a Condemnation 
 (b) With respect to any Condemnation occurring during the continuance of an Event of Default or in which
the Loss Proceeds are anticipated to be in excess of the Threshold Amount, the Lender may participate in any proceedings for any taking by any public or quasi-public authority accomplished through a Condemnation or any transfer made in lieu of or in
anticipation of a Condemnation, to the extent permitted by law. Upon Lender’s request, Borrower shall deliver to Lender all instruments reasonably requested by it to permit such participation. Borrower shall, at its sole cost and
expense, diligently prosecute any such proceedings, and shall consult with Lender, its attorneys and experts, and cooperate with them in the carrying on or defense of any such proceedings. Borrower shall not, and shall not permit Master Tenant
to, consent or agree to a Condemnation or action in lieu thereof in which the Loss Proceeds are anticipated to be in excess of the Threshold Amount without the prior written consent of Lender in each instance, which consent shall not be unreasonably
withheld, delayed or conditioned in the case of a taking of an immaterial portion of any Property. 
 (c) Lender may (x) jointly with
Borrower or Master Tenant settle and adjust any claims, or (y) allow Borrower or Master Tenant to settle and adjust any claims; except that if no Event of Default is continuing, Borrower or Master Tenant may settle and adjust claims aggregating
not in excess of the Threshold Amount if such settlement or adjustment is carried out in a competent and timely manner, but Lender shall be entitled to collect and receive (as set forth below) any and all Loss Proceeds. The reasonable expenses
incurred by Lender in the adjustment and collection of Loss Proceeds shall become part of the Indebtedness and shall be reimbursed by Borrower to Lender upon demand therefor. 

(d) All Loss Proceeds from any Casualty or Condemnation shall be remitted directly to Lender for deposit into the Loss Proceeds Account
(monthly rental loss/business interruption proceeds to be initially deposited into the Loss Proceeds Account and subsequently deposited into the Cash Management Account in installments as and when the lost rental income covered by such proceeds
would have been payable). Following the occurrence of a Casualty, Borrower, regardless of whether proceeds are available, shall, or shall cause Master Tenant to, in 

  
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a reasonably prompt manner proceed to restore, repair, replace or rebuild the applicable Property to be of at least equal value and of substantially the same character as prior to the Casualty,
all in accordance with the terms hereof applicable to Alterations. If the aggregate Loss Proceeds shall be equal to or less than the Threshold Amount, and provided that no Event of Default is then continuing, the Loss Proceeds will be disbursed
by Lender to Borrower promptly upon receipt, provided that all of the conditions set forth in this Section 5.16(d) below are met and Borrower delivers to Lender a written undertaking to expeditiously commence and to satisfactorily complete with due
diligence the restoration of the Property in accordance with the terms of this Agreement. If the aggregate Loss Proceeds are in excess of the Threshold Amount, the Loss Proceeds will be held by Lender and if, at any Property, a Condemnation or
Casualty occurs as to which, in the reasonable judgment of Lender: 
 (i) in the case of a Casualty, the Casualty does not
render untenantable, or result in the cancellation of Leases covering, more than 25% of the gross rentable area of such Property, or result in cancellation of Leases covering more than 25% of the base contractual rental revenue of such Property;

 (ii) in the case of a Condemnation, the Condemnation does not render untenantable, or result in the cancellation of Leases
covering, more than 25% of the gross rentable area of such Property; 
 (iii) restoration of such Property is reasonably
expected to be completed prior to the expiration of rental interruption insurance and at least six months prior to the Maturity Date; 

(iv) after such restoration, the fair market value of such Property is reasonably expected to equal at least the fair market
value of such Property immediately prior to such Condemnation or Casualty (assuming the affected portion of such Property is relet); and 

(v) all necessary approvals and consents from Governmental Authorities will be obtained to allow the rebuilding and
re-occupancy of such Property; 
 or if Lender otherwise elects to allow Borrower or Master Tenant to apply Loss Proceeds toward the restoration of such
Property, then, provided no Event of Default is continuing, the Loss Proceeds after receipt thereof by Lender and reimbursement of any reasonable expenses incurred by Lender in connection therewith shall be applied to the cost of restoring,
repairing, replacing or rebuilding such Property or part thereof subject to the Casualty or Condemnation, in the manner set forth below (and Borrower shall, or shall cause Master Tenant to, commence, as promptly and diligently as practicable, to
prosecute such restoring, repairing, replacing or rebuilding of such Properties in a workmanlike fashion and in accordance with applicable law in all material respects to a status at least equivalent to the quality and character of such Properties
immediately prior to the Condemnation or Casualty). Provided that no Event of Default shall have occurred and be then continuing, Lender shall disburse such Loss Proceeds to Borrower upon Lender’s being furnished with
(i) evidence reasonably satisfactory to it of the estimated cost of completion of the restoration, (ii) if the cost of completion of the restoration plus payment of debt service on the Loan during the period of restoration exceeds the
amount then contained in the Loss 

  
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Proceeds Account, funds in an amount equal to such excess, which funds shall be remitted into the Loss Proceeds Account as additional Collateral for the Loan and held and distributed by Lender
(as applicable) in accordance with Section 3.3 of this Agreement, and (iii) with respect to Loss Proceeds in excess of the Threshold Amount, such architect’s certificates, waivers of lien, contractor’s sworn statements, title
insurance endorsements, bonds, plats of survey and such other evidences of cost, payment and performance as Lender may reasonably request; and Lender may, in any event, require that all plans and specifications for restoration reasonably estimated
by Lender to exceed the Threshold Amount be submitted to and approved by Lender prior to commencement of work (which approval shall not be unreasonably withheld, delayed or conditioned). If Lender reasonably estimates that the cost to restore
will exceed the Threshold Amount, Lender may retain a local construction consultant to inspect such work and review Borrower’s request for payments and Borrower shall, on demand by Lender, reimburse Lender for the reasonable fees and expenses
of such consultant (which fees and expenses shall constitute Indebtedness). No payment shall exceed 90% of the value of the work performed from time to time until such time as 50% of the restoration (calculated based on the anticipated
aggregate cost of the work) has been completed, and amounts retained prior to completion of 50% of the restoration shall not be paid prior to the final completion of the restoration. Funds other than Loss Proceeds shall be disbursed prior to
disbursement of such Loss Proceeds, and at all times the undisbursed balance of such proceeds remaining in the Loss Proceeds Account, together with any additional funds irrevocably and unconditionally deposited therein or irrevocably and
unconditionally committed for that purpose, shall be at least sufficient in the reasonable judgment of Lender to pay for the cost of completion of the restoration free and clear of all Liens or claims for Lien. 

(e) Borrower shall, and shall cause Master Tenant to, cooperate with Lender in obtaining for Lender the benefits of any Loss Proceeds lawfully
or equitably payable to Lender in connection with the Properties. Lender shall be reimbursed for any actual, documented out-of-pocket expenses reasonably incurred in connection therewith (including reasonable attorneys’ fees and
disbursements) out of such Loss Proceeds or, if insufficient for such purpose, by Borrower.
 (f) If Borrower is not entitled to apply Loss
Proceeds toward the restoration of a Property pursuant to Section 5.16(d) and Lender reasonably elects not to permit such Loss Proceeds to be so applied, such Loss Proceeds shall be applied in an amount up to the Allocated Loan Amount of such
Property on the first Payment Date following such election to the prepayment of the Principal Indebtedness and shall be accompanied by interest through the end of the applicable Interest Accrual Period (calculated as if the amount prepaid were
outstanding for the entire Interest Accrual Period), but shall not include the payment of any Spread Maintenance Premium that would be otherwise due and payable, if any. All prepayments of the Loan made by Borrower in accordance with this
Section shall be applied among the Note Components (A) first, to Component A until the Component Outstanding Principal Balance of Component A is reduced to zero, (B) second, to Component B until the Component Outstanding Principal
Balance of Component B is reduced to zero, (C) third, to Component C until the Component Outstanding Principal Balance of Component C is reduced to zero, (D) fourth, to Component D until the Component Outstanding Principal Balance of
Component D is reduced to zero, (E) fifth, to Component E until the Component Outstanding Principal Balance of Component E is reduced to zero, and (F) sixth, to Component F until the Component Outstanding Principal Balance of Component
F is reduced to zero. 

  
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 Section 5.17. Annual Budget. Within ninety (90) days following the commencement of
each Fiscal Year during the term of the Loan, Borrower shall deliver to Lender an Annual Budget for the Properties for the ensuing Fiscal Year and, promptly after preparation thereof, any subsequent revisions to the Annual Budget, which delivery
shall be for informational purposes only so long as no Trigger Period or Event of Default is continuing. During the continuance of any Trigger Period or Event of Default, such Annual Budget and any revisions thereto shall be subject to
Lender’s approval (the Annual Budget, as so approved, the “Approved Annual Budget”). Borrower shall not, and shall not permit Master Tenant to, amend any Approved Annual Budget more than once in any 60-day period. For
so long as Lender shall withhold its consent to any Annual Budget or any revisions thereto, the Annual Budget in effect prior to any such request for approval shall remain in effect.

Section 5.18. Venture Capital Operating Companies; Nonbinding Consultation. Solely to the extent that Lender or any direct or
indirect holder of an interest in the Loan must qualify as a “venture capital operating company” (as defined in Department of Labor Regulation 29 C.F.R. § 2510.3-101), Lender shall have the right to consult with and advise Borrower
and Master Tenant regarding significant business activities and business and financial developments of Borrower and Master Tenant, provided that any such advice or consultation or the result thereof shall be completely nonbinding on Borrower and
Master Tenant. 
 Section 5.19. Compliance with Encumbrances and Material Agreements. Borrower covenants and agrees as follows:

 (i) Borrower shall, and shall cause Master Tenant to, comply with all material terms, conditions and covenants of each
Material Agreement, each REA and each material Permitted Encumbrance, including any reciprocal easement agreement, ground lease, declaration of covenants, conditions and restrictions, and any condominium arrangements.

(ii) Borrower shall promptly deliver to Lender a true and complete copy of each and every notice of default received by
Borrower with respect to any obligation of Borrower or Master Tenant under the provisions of any Material Agreement, REA and/or Permitted Encumbrance that could reasonably be expected to have a Material Adverse Effect. 

(iii) Borrower shall deliver to Lender copies of any written notices of default or event of default relating to any Material
Agreement, REA and/or Permitted Encumbrance served by Borrower or Master Tenant that could reasonably be expected to have a Material Adverse Effect. 

(iv) Without the prior written consent of Lender, not to be unreasonably withheld, conditioned or delayed, Borrower shall not,
and shall not permit Master Tenant to, grant or withhold any material consent, approval or waiver under any Material Agreement, REA or Permitted Encumbrance unless no Event of Default is continuing and the same would not be reasonably likely to have
a Material Adverse Effect.

  
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 (v) Borrower shall deliver, and shall cause Master Tenant to deliver, to each
other party to any Permitted Encumbrance, Material Agreement and REA notice of the identity of Lender and each assignee of Lender of which Borrower is aware if such notice is required in order to protect Lender’s interest thereunder. 

(vi) Borrower shall, and shall cause Master Tenant to, enforce, short of termination thereof, the performance and observance of
each and every material term, covenant and provision of each Material Agreement, REA and Permitted Encumbrance to be performed or observed, if any. 

Section 5.20. Prohibited Persons. Neither Sponsor, nor Master Tenant, nor Mezzanine Borrower, nor Borrower shall (i) knowingly
conduct any business, or engage in any transaction or dealing, with any Embargoed Person, including the making or receiving of any contribution of funds, goods, or services, to or for the benefit of a Embargoed Person, or (ii) knowingly engage in or
conspire to engage in any transaction that evades or avoids, or has the purpose of evading or avoiding, or attempts to violate, any Federal Trade Embargo. Borrower shall cause the representation set forth in Section 4.39 to remain true
and correct at all times. 
 Section 5.21. Ground Lease. 

(a) Borrower shall (i) pay all rents, additional rents and other sums required to be paid by Borrower, as tenant under and pursuant to the
provisions of any Ground Lease, (ii) diligently perform and observe all of the material terms, covenants and conditions of each Ground Lease on the part of Borrower, as tenant thereunder, to be performed and observed, and (iii) promptly notify
Lender of the giving of any written notice by the landlord under any Ground Lease to Borrower of any event of default thereunder by Borrower in the performance or observance of any of the terms, covenants or conditions of any Ground Lease on the
part of Borrower, as tenant thereunder, to be performed or observed, and deliver to Lender a true copy of each such notice within fifteen (15) Business Days of receipt and (iv) promptly notify Lender of any bankruptcy, reorganization or insolvency
of the landlord under any Ground Lease or of any notice thereof, and deliver to Lender a true copy of such notice within fifteen (15) Business Days of Borrower’s receipt. Borrower shall not, without the prior consent of Lender, surrender
the leasehold estate created by any Ground Lease or terminate or cancel any Ground Lease or modify, change, supplement, alter or amend any Ground Lease (other than any modification with respect to (x) a reduction of Borrower’s obligations
thereunder including a reduction in the rent payable thereunder (which does not result in the termination or cancellation of the Ground Lease) and (y) otherwise of a ministerial nature). Borrower hereby assigns to Lender, as further security
for the payment and performance of the obligations and for the performance and observance of the terms, covenants and conditions of the Mortgage, this Agreement and the other Loan Documents, except as set forth in the immediately preceding sentence,
all of the rights, privileges and prerogatives of Borrower, as tenant under each Ground Lease, to surrender the leasehold estate created by such Ground Lease or to terminate, cancel, modify, change, supplement, alter or amend such Ground Lease in
any material respect, and, except as permitted pursuant to the immediately preceding sentence, any such surrender of the leasehold estate 

  
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created by such Ground Lease or termination, cancellation, modification, change, supplement, alteration or amendment of such Ground Lease in any material respect without the prior consent of
Lender shall be void and of no force and effect. If Borrower shall default in the performance or observance of any material term, covenant or condition of any Ground Lease on the part of Borrower, as tenant thereunder, and shall fail to cure
the same prior to the expiration of any applicable cure period provided thereunder, then, without limiting the generality of the other provisions of the Mortgage, this Agreement and the other Loan Documents, and without waiving or releasing Borrower
from any of its obligations hereunder, subject to the terms of the Ground Lease, Lender shall have the right, but shall be under no obligation, to pay any sums and to perform any act or take any action as may be appropriate to cause all of the
terms, covenants and conditions of any Ground Lease on the part of Borrower to be performed or observed on behalf of Borrower, to the end that the rights of Borrower in, to and under such Ground Lease shall be kept unimpaired and free from
default. If the landlord under any Ground Lease shall deliver to Lender a copy of any notice of an event of default under such Ground Lease, such notice shall constitute full protection to Lender for any action taken or omitted to be taken by
Lender, in good faith, in reliance thereon. Borrower shall exercise each individual option, if any, to extend or renew the term of each Ground Lease in accordance with the terms of the Ground Lease and/or upon prior written demand by Lender
made at any time within one (1) year prior to the last day upon which any such option may be exercised, and Borrower hereby expressly authorizes and appoints Lender its attorney-in-fact to exercise any such option in the name of and upon behalf of
Borrower, which power of attorney shall be irrevocable and shall be deemed to be coupled with an interest. Borrower will not subordinate or consent to the subordination of any Ground Lease to any mortgage, security deed, lease or other interest
on or in the landlord’s interest in all or any part of any Property, unless, in each such case, the written consent of Lender shall have been first had and obtained. Borrower or any of its Affiliates shall be permitted to acquire the fee
interest in any Property subject to a Ground Lease (a “Fee Acquisition”) so long as Borrower (or its Affiliate, as applicable) (i) does not merge the fee interest with the leasehold estate and (ii) if the Fee Acquisition is
consummated by Borrower, Borrower delivers to Lender a mortgage or spreader in connection with the Fee Acquisition securing the obligations of Borrower hereunder. 

(b) Notwithstanding anything contained in any Ground Lease to the contrary, Borrower shall not further sublet any portion of any Property
(other than as permitted pursuant to Section 5.7 of this Agreement) without prior written consent of Lender.
 Section 5.22.
Condominium. Borrower covenants and agrees as follows: 
 (a) Borrower shall pay all common charges and other assessments as required
by the Condominium Documents in respect of the applicable Property and shall promptly, following demand, exhibit to Lender receipts for all such payments; 

(b) Borrower shall not, unless directed otherwise in writing by Lender, without first obtaining Lender’s prior written consent, (1) vote
for, consent to or permit to occur any modification of, amendment to, or relaxation in the enforcement of, any material provision of the Condominium Documents; provided, however, Lender’s approval shall not be required for
amendments to the Condominium Documents containing disclosures or other provisions required to be made by Legal Requirements; (2) in the event of damage to or destruction of the applicable 

  
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Property, vote in opposition to a motion to repair, restore or rebuild, unless the Indebtedness will be repaid in full as a pursuant to Section 5.16; (3) partition or subdivide any
Condominium Unit, or combine any Condominium Unit with another Condominium Unit; (4) consent to the termination of the Condominium; or (5) vote in favor of the imposition of special assessments for capital improvements pursuant to the Condominium
Documents; and 
 (c) Borrower shall fully and faithfully observe, keep and perform, in all material respects, each and every material
requirement, condition, covenant, agreement and provisions under the Condominium Act and the Condominium Documents on the part of Borrower to be observed, kept and performed. Borrower shall promptly deliver to Lender a copy of any notice of default
received by Borrower with respect to any obligation of Borrower under the provisions of the Condominium Documents or the Condominium Act. 

ARTICLE VI 
 NEGATIVE COVENANTS

 Borrower covenants and agrees as follows so long as the Loan is outstanding: 

Section 6.1. Liens on the Collateral. Borrower shall not permit or suffer the existence of any Lien on any of its assets, other
than Permitted Encumbrances.
 Section 6.2. Ownership. Borrower shall not own any assets other than the Properties and related
personal property and fixtures located therein or used in connection therewith. 
 Section 6.3. Transfer; Prohibited Change of
Control. Borrower shall not, and shall not permit Master Tenant to, Transfer any Collateral other than in compliance with Article II and other than the replacement or other disposition of obsolete or non-useful personal property and
fixtures in the ordinary course of business, and neither Borrower nor Master Tenant shall hereafter file a declaration of condominium with respect to any of the Properties. No Prohibited Change of Control or Prohibited Pledge shall occur. 

Section 6.4. Debt. Borrower shall not have any Debt, other than Permitted Debt. Without limiting the foregoing, Borrower
shall not incur any PACE Debt without the prior written consent of Lender in its sole discretion. 
 Section 6.5. Dissolution; Merger or
Consolidation. Borrower shall not dissolve, terminate, liquidate, merge with or consolidate into another Person without first causing the Loan to be assumed by a Successor Borrower pursuant to Section 2.3. 

Section 6.6. Change in Business. Borrower shall not make any material change in the scope or nature of its business objectives,
purposes or operations or undertake or participate in activities other than the continuance of its present business. 
 Section 6.7. Debt
Cancellation. Borrower shall not cancel or otherwise forgive or release any material claim or Debt owed to it by any Person, except for adequate consideration or in the ordinary course of its business. 

  
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 Section 6.8. Affiliate Transactions. Borrower shall not enter into, or be a party to,
any transaction with any affiliate of Borrower, except on terms that are intrinsically fair, commercially reasonable and substantially similar to those that Borrower would have obtained in a comparable arms’-length transaction with an unrelated
third party. 
 Section 6.9. Misapplication of Funds. Borrower shall not, and shall not permit Master Tenant to, (a) distribute
any Revenue or Loss Proceeds in violation of the provisions of this Agreement (and shall promptly cause the reversal of any such distributions made in error of which Borrower becomes aware), (b) fail to remit amounts to the Lockbox Account as
required by Section 3.1, or (c) misappropriate any security deposit or portion thereof. Borrower shall not make any distributions to equityholders during the continuance of a Trigger Period or Event of Default unless expressly permitted
hereunder. 
 Section 6.10. Jurisdiction of Formation; Name; Chief Executive Office. Borrower shall not change its jurisdiction
of formation or name without receiving Lender’s prior written consent and promptly providing Lender such information and replacement Uniform Commercial Code financing statements and legal opinions as Lender may reasonably request in connection
therewith. Borrower shall provide to Lender notice of any change to Borrower’s chief executive office promptly after the occurrence of such change.

Section 6.11. Modifications and Waivers. Unless otherwise consented to in writing by Lender (such consent not to be unreasonably
withheld, conditioned or delayed): 
 (i) Borrower shall not amend, modify, terminate, renew, or surrender any rights or
remedies under any Lease, or enter into any Lease, except in compliance with Section 5.7; 
 (ii) Borrower shall not
terminate, amend or modify its organizational documents (including any operating agreement, limited partnership agreement, by-laws, certificate of formation, certificate of limited partnership or certificate of incorporation) with respect to the
“special purpose” requirements; 
 (iii) Intentionally omitted; 

(iv) Borrower shall not enter into, amend or terminate any Material Agreement (except for terminations in connection with
a material default by the counterparty thereunder) in any material respect or waive any material rights or remedies under any Material Agreement; 

(v) Except as permitted pursuant to Section 5.21 hereof, Borrower shall not amend, modify, terminate or consent to the
termination of any Ground Lease, including pursuant to a Fee Acquisition (and any such amendment, modification or termination of the Ground Lease in violation hereof shall constitute “willful misconduct” under Section 9.19(b)
hereof); 
  

  
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 (vi) Except as permitted pursuant to Section 5.7 hereof, Borrower shall
not, and shall not permit Master Tenant to, without Lender’s prior consent (which consent shall not be unreasonably withheld, conditioned or delayed provided no Event of Default has occurred and is continuing): (i) surrender, terminate or
cancel, or permit to be surrendered, terminated or canceled, the Master Lease; (ii) reduce or consent to the reduction, or permit the reduction or the consent to the reduction, of the term of the Master Lease; (iii) decrease or consent to any
decrease, or permit to be decreased or the consent to the decrease, of the amount of any Master Lease Rent or other charges payable under the Master Lease, unless in connection with a release of Property subject to and in compliance with the terms
of this Agreement or the reduction of rent payable under a Ground Lease; (iv) permit Master Tenant to further Transfer any Property other than pursuant to any Transfer permitted pursuant to this Agreement; or (v) modify, change, supplement, alter or
amend, or waive or release, or permit to be modified, changed, supplemented, altered, amended, waived or released, the Master Lease other than any amendment of the Master Lease to release a Property therefrom on account of a release of a Property,
subject to and in compliance with the terms of this Agreement; and 
 (vii) Following the occurrence and during the
continuance of an Event of Default, Borrower shall not exercise any rights, make any decisions, grant any approvals or otherwise take any action under the Master Lease without the prior consent of Lender, which consent may be withheld in
Lender’s sole discretion. 
 Section 6.12. ERISA.

(a) Borrower shall not maintain or contribute to, or agree to maintain or contribute to, or permit any ERISA Affiliate of Borrower to maintain
or contribute to or agree to maintain or contribute to, any employee benefit plan (as defined in Section 3(3) of ERISA) subject to Title IV or Section 302 of ERISA or Section 412 of the Code. 

(b) Borrower shall not engage in a non-exempt prohibited transaction under Section 406 of ERISA, Section 4975 of the Code, or substantially
similar provisions under federal, state or local laws, rules or regulations that could reasonably be expected to have a Material Adverse Effect or in any transaction that would cause any obligation or action taken or to be taken hereunder (or the
exercise by Lender of any of its rights under the Notes, this Agreement, the Mortgages or any other Loan Document) to be a non-exempt prohibited transaction under such provisions and could reasonably be expected to have a Material Adverse Effect.

 Section 6.13. Alterations and Expansions. During the continuance of any Trigger Period or Event of Default, Borrower shall
not, and shall not permit Master Tenant to, perform or contract to perform any capital improvements requiring Capital Expenditures with respect to the Properties that are not consistent with the Approved Annual Budget without the prior written
consent of Lender. Borrower shall not, and shall not permit Master Tenant to, perform, undertake, contract to perform or consent to any Material Alteration with respect to the Properties without the prior written consent of Lender, which
consent (in the absence of an Event of Default) shall not be unreasonably withheld, delayed or conditioned, but may be conditioned on the delivery of additional collateral in the form of cash or cash equivalents acceptable to Lender in respect of
the amount by which any such Material Alteration exceeds the Threshold Amount. If Lender’s consent is requested hereunder with respect to a Material Alteration, Lender may retain a construction consultant to review such request and, if
such request is granted, Lender may retain a construction consultant to inspect the work from time to time. Borrower shall, on demand by Lender, reimburse Lender for the actual, documented, reasonable out-of-pocket fees and disbursements of
such consultant. 
  

  
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 Section 6.14. Advances and Investments. Borrower shall not lend money or make
advances to any Person, or purchase or acquire any stock, obligations or securities of, or any other interest in, or make any capital contribution to, any Person, except for Permitted Investments. 

Section 6.15. Single-Purpose Entity. Neither Borrower nor Mezzanine Borrower shall cease to be a Single-Purpose
Entity. Borrower shall not remove or replace any Independent Director without Cause and without providing at least two Business Days’ advance written notice thereof to Lender and the Rating Agencies. 

Section 6.16. Zoning and Uses. Except in connection with a sublease that meets the Approved Sublease Parameters or that is
otherwise permitted under this Agreement, Borrower shall not, and shall not permit Master Tenant to, do any of the following without the prior written consent of Lender: 

(i) initiate or support any limiting change in the permitted uses of any of the Properties (or to the extent applicable, zoning
reclassification of any of the Properties) or any portion thereof, seek any variance under existing land use restrictions, laws, rules or regulations (or, to the extent applicable, zoning ordinances) applicable to a Property, or use or permit the
use of a Property in a manner that would result in the use of such Property becoming a nonconforming use under applicable land-use restrictions or zoning ordinances or that would violate the terms of any Lease, Material Agreement, REA or Legal
Requirement (and if under applicable zoning ordinances the use of all or any portion of any Property is a nonconforming use, Borrower shall not cause or permit such nonconforming use to be discontinued or abandoned); 

(ii) except with respect to those matters disclosed on the Exception Report, execute or file any subdivision plat affecting any
of the Properties, or institute, or permit the institution of, proceedings to alter any tax lot comprising any of the Properties; or 

(iii) knowingly permit or consent to any of the Properties being used by the public or any Person in such manner as might make
possible a claim of adverse usage or possession or of any implied dedication or easement. 
 Section 6.17. Waste. Borrower shall
not commit or permit (by Master Tenant or any other Person) any Waste on any of the Properties, nor take any actions that could be reasonably likely to invalidate any insurance carried on any of the Properties (and Borrower shall, or shall cause
Master Tenant to, promptly correct any such actions of which Borrower becomes aware). 

  
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 ARTICLE VII 

DEFAULTS 
 Section 7.1.
Event of Default. The occurrence of any one or more of the following events shall be, and shall constitute the commencement of, an “Event of Default” hereunder (any Event of Default that has occurred shall continue
unless and until waived by Lender in writing in its sole discretion): 
 (a) Payment. 

(i) Borrower shall default in the payment when due of any principal or interest owing hereunder or under the Notes (including
any mandatory prepayment required hereunder) or any other amount required to be remitted into the Cash Management Account on a Payment Date pursuant to Section 3.2(c); or 

(ii) Borrower shall default, and such default shall continue for at least 10 days after notice to Borrower that such amounts
are owing, in the payment when due of fees, expenses or other amounts owing hereunder, under the Notes or under any of the other Loan Documents, including any amount required to be remitted into the Cash Management Account on a Payment Date pursuant
to Section 3.2(c), (other than principal, interest), except to the extent sums sufficient to pay such amounts in question had been reserved hereunder prior to the applicable due date therefore for the express purpose of such amounts in
question and Lender failed to apply amounts in the applicable Collateral Account to the same when required hereunder. 
 (b)
Representations. Any representation made by Borrower or Sponsor in any of the Loan Documents, or in any material report, certificate, financial statement or other instrument, agreement or document furnished to Lender shall have been
false or misleading in any material respect as of the date such representation was made; provided, however, that any such breach shall not constitute an Event of Default (A) if such breach is inadvertent, immaterial and non-recurring
or (B) if such breach is curable, if Borrower shall promptly cure such breach within 30 days following the date upon which Borrower first obtains knowledge of such breach or violation. 

(c) Other Loan Documents. Any Loan Document shall fail to be in full force and effect or to convey the material Liens, rights,
powers and privileges purported to be created thereby and Borrower shall fail to promptly remedy such failure in accordance with Section 5.9 and 7.1(n); or a default by Borrower, Sponsor or any of their respective affiliates shall
occur under any of the other Loan Documents in each case, beyond the expiration of any applicable cure period. 
 (d) Bankruptcy, etc.

 (i) Borrower or Sponsor shall commence a voluntary case concerning itself under any Title of the United States Code
concerning bankruptcy or insolvency (as amended, modified, succeeded or replaced, from time to time, the “Bankruptcy Code”); 

  
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 (ii) Borrower or Sponsor shall commence any other proceeding under any
reorganization, arrangement, adjustment of debt, relief of creditors, dissolution, insolvency or similar law of any jurisdiction whether now or hereafter in effect relating to Borrower or Sponsor, or shall dissolve or otherwise cease to exist; 

(iii) there is commenced against Borrower or Sponsor an involuntary case under the Bankruptcy Code, or any such other
proceeding, which remains undismissed for a period of 90 days after commencement; 
 (iv) Borrower or Sponsor is adjudicated
insolvent or bankrupt; 
 (v) Borrower or Sponsor suffers appointment of any custodian or the like for it or for any
substantial portion of its property and such appointment continues unchanged or unstayed for a period of 90 days after commencement of such appointment; 

(vi) Borrower or Sponsor makes a general assignment for the benefit of creditors; or

(e) Prohibited Change of Control.

(i) A Prohibited Change of Control shall occur; or 

(ii) Borrower shall fail to deliver any Nonconsolidation Opinion required to be delivered pursuant to Section 2.4 within
10 Business Days following written notice thereof. 
 (f) Equity Pledge; Preferred Equity. Any direct or indirect equity interest
in or right to distributions from Borrower shall be subject to a Lien in favor of any Person (other than Lender), or Borrower or any holder of a direct or indirect interest in Borrower shall issue preferred equity (or debt granting the holder
thereof rights substantially similar to those generally associated with preferred equity); except that the following shall be permitted: 

(i) any pledge of direct or indirect equity interests in or rights to distributions from a Qualified Equityholder; 

(ii) the pledge of direct or indirect equity interests in Borrower securing the Mezzanine Loan; and 

(iii) the issuance of direct or indirect preferred equity interests in a Qualified Equityholder. 

Any act, action or state of affairs that would result in an Event of Default pursuant to this subsection shall be referred to in this Agreement as a
“Prohibited Pledge”. 
 (g) Insurance. Borrower shall fail to maintain in full force and effect all Policies
required hereunder. 

  
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 (h) ERISA; Negative Covenants. A default shall occur in the due performance or
observance by Borrower of any term, covenant or agreement contained in Section 5.8 or in Article VI, provided that such default shall not constitute an Event of Default unless and until it shall remain uncured for 10 Business Days
after Borrower receives written notice thereof. 
 (i) Legal Requirements. Borrower shall fail to cure properly any violations of
Legal Requirements affecting all or any portion of any Property within 90 days after Borrower first receives written notice of any such violations; provided, however, if any such violation is reasonably susceptible of cure, but not
within such 90 day period, then Borrower shall be permitted up to an additional 60 days to cure such violation provided that Borrower commences a cure within such initial 90 day period and thereafter diligently and continuously pursues such cure.

 (j) Express Events of Default. Any event shall occur that is explicitly identified as an “Event of Default” under
any provision contained herein or in any of the other Loan Documents. 
 (k) Ground Leases. A material default by Borrower shall
occur under any Ground Lease beyond the expiration of any applicable cure period. 
 (l) Intentionally Omitted.

(m) Master Lease. 

(i) if (A) Master Tenant shall fail in the payment of (1) any fixed or base rent set forth in or made payable pursuant to the
Master Lease or (2) any additional rent set forth in or made payable pursuant to the Master Lease within 30 days of the date such rent is payable after the expiration of any notice and grace period provided for under the Master Lease, (B) any one or
more of the events referred to in the Master Lease shall occur which would give rise to the termination of the Master Lease without notice or action by the Master Tenant under the Master Lease or which would entitle the Master Tenant to terminate
the Master Lease and the term thereof by giving notice to Borrower, as landlord thereunder, other than a termination arising from a (x) casualty with respect to which Lender elects to apply any Loss Proceeds to the principal balance of the Loan
instead of making the same available for Restoration or (y) condemnation, (C) the Master Lease shall be surrendered or the Master Lease shall be terminated or canceled for any reason or under any circumstances whatsoever, except with the consent of
Lender, other than a termination arising from a (x) casualty with respect to which Lender elects to apply any Loss Proceeds to the principal balance of the Loan instead of making the same available for Restoration or (y) condemnation, (D) there
shall be, as to Master Tenant, a monetary or other default with respect to the Master Lease beyond any applicable cure periods contained therein that would have a Material Adverse Effect, or (E) any of the terms, covenants or conditions of the
Master Lease shall in any manner be modified, changed, supplemented, altered, restated or amended in violation of the terms of this Agreement; or 

  
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 (ii) if Borrower shall revoke or modify the Rent Instruction or any other
instruction or agreement governing the direction of payments by Master Tenant to Borrower, without in each instance the prior written consent of Lender. 

(n) Other Covenants. A default shall occur in the due performance or observance by Borrower of any term, covenant or agreement
(other than those referred to in any other subsection of this Section) contained in this Agreement, except that in the case of a default that can be cured by the payment of money, such default shall not constitute an Event of Default unless and
until it shall remain uncured for 10 Business Days after Borrower receives written notice thereof; and in the case of a default that cannot be cured by the payment of money but is susceptible of being cured within 30 days, such default shall not
constitute an Event of Default unless and until it remains uncured for 30 days after Borrower receives written notice thereof, provided that promptly following its receipt of such written notice, Borrower delivers written notice to Lender of its
intention and ability to effect such cure within such 30 day period; and if such non-monetary default is not cured within such 30 day period despite Borrower’s diligent efforts but is susceptible of being cured within 90 days of Borrower’s
receipt of Lender’s original notice, then Borrower shall have such additional time as is reasonably necessary to effect such cure, but in no event in excess of 90 days from Borrower’s receipt of Lender’s original notice, provided that
Borrower promptly delivers written notice to Lender of its intention and ability to effect such cure prior to the expiration of such 90 day period, which may be extended on a day-by-day basis due to Force Majeure.

Section 7.2. Remedies.

(a) During the continuance of an Event of Default, Lender may by written notice to Borrower, in addition to any other rights or remedies
available pursuant to this Agreement, the Notes, the Mortgages and the other Loan Documents, at law or in equity, declare by written notice to Borrower all or any portion of the Indebtedness to be immediately due and payable, whereupon all or such
portion of the Indebtedness shall so become due and payable, and Lender may enforce or avail itself of any or all rights or remedies provided in the Loan Documents against Borrower and the Collateral (including all rights or remedies available at
law or in equity); provided, however, that, notwithstanding the foregoing, if an Event of Default specified in Section 7.1(d) shall occur, then (except as specified in Section 7.2(f)) the Indebtedness shall immediately
become due and payable without the giving of any notice or other action by Lender. Any actions taken by Lender shall be cumulative and concurrent and may be pursued independently, singly, successively, together or otherwise, at such time and in
such order as Lender may determine in its sole discretion, to the fullest extent permitted by law, without impairing or otherwise affecting the other rights and remedies of Lender permitted by law, equity or contract or as set forth in this
Agreement or in the other Loan Documents. 
 (b) If Lender forecloses on any Collateral, Lender shall apply all net proceeds of such
foreclosure to repay the Indebtedness, the Indebtedness shall be reduced to the extent of such net proceeds and the remaining portion of the Indebtedness shall remain outstanding and secured by the remaining Collateral. At the election of
Lender, the Notes shall be deemed to have been accelerated only to the extent of the net proceeds actually received by Lender with respect to the Properties and applied in reduction of the Indebtedness. 

  
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 (c) During the continuance of any Event of Default (including an Event of Default resulting from
a failure to satisfy the insurance requirements specified herein), Lender may, but without any obligation to do so and without notice to or demand on Borrower and without releasing Borrower from any obligation hereunder, take any action to cure such
Event of Default. Subject to the rights of Tenants, Lender may enter upon any or all of the Properties upon reasonable notice to Borrower for such purposes or appear in, defend, or bring any action or proceeding to protect its interest in the
Collateral or to foreclose the Mortgages or collect the Indebtedness. The actual, documented out-of-pocket costs and expenses incurred by Lender in exercising rights under this Section (including reasonable attorneys’ fees), with interest
at the Default Rate for the period after notice from Lender that such costs or expenses were incurred to the date of payment to Lender, shall constitute a portion of the Indebtedness, shall be secured by the Mortgages and other Loan Documents and
shall be due and payable to Lender upon demand therefor. 
 (d) Interest shall accrue on any judgment obtained by Lender in connection with
its enforcement of the Loan at a rate of interest equal to the Default Rate. 
 (e) Upon the occurrence and during the continuance of an
Event of Default, Lender shall have the right from time to time to sever the Note and the other Loan Documents into one or more separate notes, mortgages and other security documents (the “Severed Loan Documents”) in such
denominations as Lender shall determine in its sole discretion for purposes of evidencing and enforcing its rights and remedies provided hereunder. Borrower shall execute and deliver to Lender from time to time, promptly after the request of
Lender, a severance agreement and such other documents as Lender shall request in order to effect the severance described in the preceding sentence, all in form and substance reasonably satisfactory to Lender. Borrower hereby absolutely and
irrevocably appoints Lender as its true and lawful attorney, coupled with an interest, in its name and stead to execute the Severed Loan Documents (Borrower ratifying all that its said attorney shall do by virtue thereof); provided,
however, that Lender shall not make or execute any such Severed Loan Documents under such power until the expiration of ten days after written notice has been given to Borrower by Lender of Lender’s intent to exercise its rights under
the aforesaid power. Borrower shall be obligated to pay any actual, documented, out-of-pocket costs or expenses incurred in connection with the preparation, execution, recording or filing of the Severed Loan Documents. The Severed Loan
Documents shall not contain any representations, warranties or covenants not contained in the Loan Documents, and any such representations and warranties contained in the Severed Loan Documents will be given by Borrower only as of the Closing Date.

 (f) Notwithstanding the availability of legal remedies, to the extent permitted by applicable law, Lender will be entitled to obtain
specific performance, mandatory or prohibitory injunctive relief, or other equitable relief requiring Borrower to cure or refrain from repeating any Default. 

(g) Notwithstanding anything herein to the contrary, if an event specified in Section 7.1(d) occurs solely in respect of Sponsor and not
Borrower, then such event shall not constitute an Event of Default or result in an acceleration of the Loan unless, in each case, Lender so determines in its sole discretion by written notice to Borrower; and unless and until Lender sends such
notice, a Trigger Period shall be deemed to have commenced for all purposes hereunder, which Trigger Period shall continue until the Loan is repaid in full. 

  
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 Section 7.3. Application of Payments after an Event of Default. Notwithstanding
anything to the contrary contained herein, during the continuance of an Event of Default, all amounts received by Lender in respect of the Loan shall be applied at Lender’s sole discretion either toward the components of the Indebtedness (to
pay down accrued and outstanding interest and principal in the order as provided under Section 1.2(a)) and, then, all other amounts then due and payable under the Loan Documents, or toward the payment of Property expenses. 

ARTICLE VIII 
 CONDITIONS
PRECEDENT 
 Section 8.1. Conditions Precedent to Closing. This Agreement shall become effective on the date that all of the
following conditions shall have been satisfied (or waived in accordance with Section 9.3):
 (a) Loan
Documents. Lender shall have received a duly executed copy of each Loan Document. Each Loan Document that is to be recorded in the public records shall be in form suitable for recording. 

(b) Collateral Accounts. Each of the Collateral Accounts shall have been established and funded to the extent required under
Article III. 
 (c) Opinions of Counsel. Lender shall have received, in each case in form and substance satisfactory to
Lender, (i) a New York legal opinion, (ii) a legal opinion with respect to the laws of each state in which one of the Properties is located, (iii) a bankruptcy nonconsolidation opinion with respect to each Person owning at least a 49% direct or
indirect equity interest in Borrower and any affiliated property manager, (iv) certain customary Delaware legal opinions and (v) the True Lease Opinion. 

(d) Organizational Documents. Lender shall have received all documents reasonably requested by Lender relating to the existence of
Borrower and Master Tenant, the validity of the Loan Documents and other matters relating thereto, in form and substance satisfactory to Lender, including: 

(i) Authorizing Resolutions. To the extent the required authorizations are not contained directly in the
organizational documents of Borrower, Mezzanine Borrower, Master Tenant and Sponsor, certified copies of the resolutions authorizing the execution and delivery of the Loan Documents by Sponsor and Borrower. 

(ii) Organizational Documents. Certified copies of the organizational documents of Sponsor, Master Tenant,
Mezzanine Borrower and Borrower (including any certificate of formation, certificate of limited partnership, certificate of incorporation, operating agreement, limited partnership agreement or by-laws), in each case together with all amendments
thereto. 

  
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 (iii) Certificates of Good Standing or Existence. Certificates of
good standing or existence for Sponsor and Borrower issued as of a recent date by its state of organization and, with respect to Borrower, by the state(s) in which all Properties are located. 

(iv) Recycled Entity Certificate. A recycled entity certificate acceptable to Lender with respect to Borrower. 

(e) Lease; Material Agreements. Lender shall have received true, correct and complete copies of all Leases, Ground Leases, the
Master Lease, Condominium Documents and Material Agreements. 
 (f) Lien Search Reports. Lender shall have received satisfactory
reports of Uniform Commercial Code, tax lien, bankruptcy and judgment searches conducted by a search firm acceptable to Lender with respect to all Properties, Sponsor, Master Tenant, Mezzanine Borrower, Borrower and Borrower’s immediate
predecessor, if any, such searches to be conducted in such locations as Lender shall have requested. 
 (g) No Event of
Default. No Event of Default shall have occurred and be continuing on such date either before or after the execution and delivery of this Agreement. 

(h) No Injunction. No Legal Requirement shall exist, and no litigation shall be pending or threatened, which in the good faith
judgment of Lender would enjoin, prohibit or restrain, or impose or result in the imposition of any material adverse condition upon, the making or repayment of the Loan or the consummation of the Transaction. 

(i) Representations. The representations in this Agreement and in the other Loan Documents shall be true and correct in all
respects on and as of the Closing Date with the same effect as if made on such date. 
 (j) Estoppel Letters. Borrower shall have
received and delivered to Lender estoppel certificates from such parties and in such form and substance as shall be satisfactory to Lender, each of which shall specify that Lender and its successors and assigns may rely thereon. 

(k) No Material Adverse Effect. No event or series of events shall have occurred that Lender reasonably believes has had or is
reasonably expected to result in a Material Adverse Effect. 
 (l) Transaction Costs. Borrower shall have paid all transaction
costs (or provided for the direct payment of such transaction costs by Lender from the proceeds of the Loan). 
 (m)
Insurance. Lender shall have received certificates of insurance on ACORD Form 25 for liability insurance and ACORD Form 28 for casualty insurance demonstrating insurance coverage in respect of the Properties of types, in amounts, with
insurers and otherwise in compliance with the terms, provisions and conditions set forth in this Agreement. Such certificates shall indicate that Lender and its successors and assigns are named as additional insured on each liability policy,
and that each casualty policy and rental interruption policy contains a loss payee and mortgagee endorsement in favor of Lender, its successors and assigns. In addition to the foregoing, Lender shall have received an environmental insurance
policy covering the Properties mutually acceptable to Lender and Borrower.
  

  
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 (n) Title. Lender shall have received a marked, signed commitment to issue, or a
signed pro-forma version of, a Title Insurance Policy in respect of each Property, listing only such exceptions as are reasonably satisfactory to Lender. If any Title Insurance Policy is to be issued by, or if disbursement of the proceeds of
the Loan are to be made through, an agent of the actual insurer under such Title Insurance Policy (as opposed to the insurer itself), the actual insurer shall have issued to Lender for Lender’s benefit a so-called “Insured Closing
Letter.” 
 (o) Zoning. Lender shall have received evidence reasonably satisfactory to Lender that each Property is in
compliance with all applicable zoning requirements (including a zoning report, a zoning endorsement if obtainable and a letter from the applicable municipality if obtainable). 

(p) Permits; Certificate of Occupancy. Lender shall have received a copy of all Permits necessary for the use and operation of each
Property and the certificate(s) of occupancy, if required, for each Property, all of which shall be in form and substance reasonably satisfactory to Lender. 

(q) Engineering Report. Lender shall have received a current Engineering Report with respect to each Property, which report shall
be in form and substance reasonably satisfactory to Lender. 
 (r) Environmental Report. Lender shall have received an
Environmental Report in form and substance reasonably satisfactory to Lender (dated not more than six months prior to the Closing Date) with respect to each Property that discloses no material environmental contingencies with respect to the
Properties or is otherwise in form and substance reasonably satisfactory to Lender. 
 (s) Survey. Lender shall have received a
Survey with respect to each Property in form and substance reasonably satisfactory to Lender. 
 (t) Appraisal. Lender shall have
obtained an Appraisal of each Property satisfactory to Lender. 
 (u) Consents, Licenses, Approvals, etc. Lender shall have
received copies of all consents, licenses and approvals, if any, required in connection with the execution, delivery and performance by Borrower, and the validity and enforceability, of the Loan Documents, and such consents, licenses and approvals
shall be in full force and effect. 
 (v) Financial Information. Lender shall have received financial information reasonably
required by Lender relating to Sponsor, Borrower, Master Tenant and the Properties that is satisfactory to Lender. 
 (w) Intentionally
Omitted.

  
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 (x) Know Your Customer Rules. At least 10 days prior to the Closing Date, Lender
shall have received all documentation and other information required by bank regulatory authorities under applicable “know-your-customer” and anti-money laundering rules and regulations, including the PATRIOT Act. 

(y) Additional Matters. Lender shall have received such other certificates, opinions, documents and instruments relating to the
Loan as may have been reasonably requested by Lender. All corporate and other proceedings, all other documents (including all documents referred to in this Agreement and not appearing as exhibits to this Agreement) and all legal matters in
connection with the Loan shall be reasonably satisfactory in form and substance to Lender. 
 ARTICLE IX 

MISCELLANEOUS 
 Section
9.1. Successors. Except as otherwise provided in this Agreement, whenever in this Agreement any of the parties to this Agreement is referred to, such reference shall be deemed to include the successors and permitted assigns of such
party. All covenants, promises and agreements in this Agreement contained, by or on behalf of Borrower, shall inure to the benefit of Lender and its successors and assigns. 

Section 9.2. GOVERNING LAW.

(A) THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO CHOICE OF LAW
RULES (OTHER THAN SECTION 5-1401 OF THE NEW YORK GENERAL OBLIGATIONS LAW) TO THE EXTENT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY. 

(B) ANY LEGAL SUIT, ACTION OR PROCEEDING AGAINST LENDER OR BORROWER ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OF THE OTHER LOAN
DOCUMENTS (OTHER THAN ANY ACTION IN RESPECT OF THE CREATION, PERFECTION OR ENFORCEMENT OF A LIEN OR SECURITY INTEREST CREATED PURSUANT TO ANY LOAN DOCUMENTS NOT GOVERNED BY THE LAWS OF THE STATE OF NEW YORK) MAY BE INSTITUTED IN ANY FEDERAL OR STATE
COURT IN NEW YORK, NEW YORK. BORROWER AND LENDER HEREBY (i) IRREVOCABLY WAIVE, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY OBJECTION THAT THEY MAY NOW OR HEREAFTER HAVE TO THE LAYING OF VENUE OF ANY SUCH SUIT, ACTION OR
PROCEEDING BROUGHT IN SUCH A COURT AND ANY CLAIM THAT ANY SUCH PROCEEDING BROUGHT IN SUCH A COURT HAS BEEN BROUGHT IN AN INCONVENIENT FORUM, (ii) IRREVOCABLY SUBMIT TO THE JURISDICTION OF ANY SUCH COURT IN ANY SUCH SUIT, ACTION OR PROCEEDING,
AND (iii) IRREVOCABLY CONSENT TO SERVICE OF PROCESS BY MAIL, PERSONAL SERVICE OR IN ANY OTHER MANNER PERMITTED BY APPLICABLE LAW, AT THE ADDRESS SPECIFIED IN SECTION 9.4 (AND AGREES THAT SUCH SERVICE AT SUCH ADDRESS IS SUFFICIENT TO
CONFER PERSONAL JURISDICTION OVER ITSELF IN ANY SUCH SUIT, ACTION OR PROCEEDING IN ANY SUCH COURT, AND OTHERWISE CONSTITUTES EFFECTIVE AND BINDING SERVICE IN EVERY RESPECT). 

  
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 Section 9.3. Modification, Waiver in Writing. Neither this Agreement nor any other
Loan Document may be amended, changed, waived, discharged or terminated, nor shall any consent or approval of Lender be granted hereunder, unless such amendment, change, waiver, discharge, termination, consent or approval is in writing signed by
Lender. 
 Section 9.4. Notices. All notices, consents, approvals and requests required or permitted hereunder or under any
other Loan Document shall be given in writing by PDF or other similar attachment to electronic mail (provided that notice is also simultaneously sent by one of the other means provided for herein), hand delivery, expedited prepaid delivery service,
either commercial or United States Postal Service, with proof of delivery or attempted delivery, addressed as follows (except that any party hereto may change its address and other contact information for purposes hereof at any time by sending a
written notice to the other parties to this Agreement in the manner provided for in this Section). A notice shall be deemed to have been given when delivered or upon refusal to accept delivery.

If to Lender: 
 Goldman Sachs
Mortgage Company 
 200 West Street 

New York, New York 10282 

Attention: General Counsel 
 Bank
of America, N.A. 
 c/o Capital Markets Servicing Group 

900 West Trade Street, Suite 650 

Mail Code: NC1-026-06-01 

Charlotte, North Carolina 28255 

Attention: Servicing Manager 

Telephone No: (866) 531-0957 

Facsimile No.: (704) 317-4501 

With copies to: 
 Goldman Sachs
Mortgage Company 
 200 West Street 

New York, New York 10282 

Attention: J. Theodore Borter and Rene Theriault 

and 
 Dechert LLP 

Cira Centre 
 2929 Arch Street

 Philadelphia, Pennsylvania 19104 

Attention: David W. Forti, Esq. 

  
 104 

 If to Borrower: 

Toys “R” Us Property Company II, LLC 

1 Geoffrey Way 
 Wayne, New Jersey
07470 
 Attention: Treasurer 

Toys “R” Us Property Company II, LLC 

1 Geoffrey Way 
 Wayne, New Jersey
07470 
 Attention: General Counsel 

with a copy to: 
 Latham &
Watkins LLP 
 885 Third Avenue 

New York, NY 10022-4834 

Attention: James I. Hisiger, Esq. 

Section 9.5. TRIAL BY JURY. LENDER AND BORROWER, TO THE FULLEST EXTENT THAT THEY MAY LAWFULLY DO SO, HEREBY AGREE NOT TO ELECT A
TRIAL BY JURY OF ANY ISSUE TRIABLE OF RIGHT BY JURY, AND WAIVE ANY RIGHT TO TRIAL BY JURY FULLY TO THE EXTENT THAT ANY SUCH RIGHT SHALL NOW OR HEREAFTER EXIST WITH REGARD TO THE LOAN DOCUMENTS, OR ANY CLAIM, COUNTERCLAIM OR OTHER ACTION ARISING IN
CONNECTION THEREWITH. THIS WAIVER OF RIGHT TO TRIAL BY JURY IS GIVEN KNOWINGLY AND VOLUNTARILY BY LENDER AND BORROWER AND IS INTENDED TO ENCOMPASS INDIVIDUALLY EACH INSTANCE AND EACH ISSUE AS TO WHICH THE RIGHT TO A TRIAL BY JURY WOULD
OTHERWISE ACCRUE. LENDER AND BORROWER ARE EACH HEREBY INDIVIDUALLY AUTHORIZED TO FILE A COPY OF THIS PARAGRAPH IN ANY PROCEEDING AS CONCLUSIVE EVIDENCE OF THIS WAIVER. 

Section 9.6. Headings. The Article and Section headings in this Agreement are included in this Agreement for convenience of
reference only and shall not constitute a part of this Agreement for any other purpose. 
 Section 9.7. Assignment and
Participation.
 (a) Except as expressly set forth in Article II, Borrower may not sell, assign or otherwise transfer any rights,
obligations or other interest of Borrower in or under the Loan Documents.

  
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 (b) Lender and each assignee of all or a portion of the Loan shall have the right from time to
time in its discretion and without the consent of Borrower to sell one or more of the Notes or Note Components or any interest therein (an “Assignment”) and/or sell a participation interest in one or more of the Notes or Note
Components separately from other Notes or Note Components or any interest therein (a “Participation”) to a participant (a “Participant”). Borrower shall reasonably cooperate with Lender, at Lender’s
request, in order to effectuate any such Assignment or Participation, and Borrower shall promptly provide such information, legal opinions and documents relating to Borrower, Mezzanine Borrower, Master Tenant, Sponsor, the Properties and any Tenants
as Lender may reasonably request in connection with such Assignment or Participation. In the case of an Assignment, (i) each assignee shall have, to the extent of such Assignment, the rights, benefits and obligations of the assigning
Lender as a “Lender” hereunder and under the other Loan Documents, (ii) the assigning Lender shall, to the extent that rights and obligations hereunder have been assigned by it pursuant to an Assignment, relinquish its rights and be
released from its obligations under this Agreement, and (iii) one Lender shall serve as agent for all Lenders and shall be the sole Lender to whom notices, requests and other communications shall be addressed and the sole party authorized to grant
or withhold consents hereunder on behalf of the Lenders (subject, in each case, to appointment of a Servicer, pursuant to Section 9.22, to receive such notices, requests and other communications and/or to grant or withhold consents, as the
case may be). Goldman Sachs Mortgage Company or, upon the appointment of a Servicer, such Servicer, shall maintain, or cause to be maintained, as non-fiduciary agent for Borrower, a register on which it shall enter (i) the name or names of the
registered owner or owners from time to time of the Notes and (ii) principal amounts (and stated interest) of the Notes owing to each registered owner or owners. Upon effectiveness of any Assignment of any Note in part, Borrower will promptly
provide to the assignor and the assignee separate Notes in the amount of their respective interests (but, if applicable, with a notation thereon that it is given in substitution for and replacement of an original Note or any replacement thereof),
and otherwise in the form of such Note, upon return of the Note then being replaced. Each potential or actual assignee, participant or investor in a Securitization, and each Rating Agency, shall be entitled to receive all information received
by Lender under this Agreement. After the effectiveness of any Assignment, the party conveying the Assignment shall provide notice to Borrower and each Lender of the identity and address of the assignee. Notwithstanding anything in this
Agreement to the contrary, after an Assignment, the assigning Lender (in addition to the assignee) shall continue to have the benefits of any indemnifications contained in this Agreement that such assigning Lender had prior to such assignment with
respect to matters occurring prior to the date of such assignment. Borrower agrees that each Participant shall be entitled to the benefits of Section 1.4 (subject to the requirements and limitations therein, including the requirements
under Section 1.4(d) (it being understood that the documentation required under Section 1.4(d) shall be delivered to the participating Lender)) to the same extent as if it were a Lender and had acquired its interest by assignment;
provided that such Participant shall not be entitled to receive any greater payment under Section 1.4, with respect to any Participation, than its participating Lender would have been entitled to receive, except to the extent such
entitlement to receive a greater payment results from a change in law that occurs after the Participant acquired the applicable participation.
  

  
 106 

 (c) Each Lender that sells a Participation shall, acting solely for this purpose as a
non-fiduciary agent of Borrower, maintain a register on which it enters the name and address of each Participant and the principal amounts (and stated interest) of each Participant’s interest in the Loans or other obligations under the Loan
Documents (the “Participant Register”); provided that no Lender shall have any obligation to disclose all or any portion of the Participant Register (including the identity of any Participant or any information relating to a
Participant’s interest in any commitments, loans, letters of credit or its other obligations under any Loan Document) to any Person except to the extent that such disclosure is necessary to establish that such commitment, loan, letter of credit
or other obligation is in registered form under Section 5f.103-1(c) of the United States Treasury Regulations. The entries in the Participant Register shall be conclusive absent manifest error, and such Lender shall treat each Person whose name
is recorded in the Participant Register as the owner of such Participation for all purposes of this Agreement notwithstanding any notice to the contrary. 

(d) If, pursuant to this Section, any interest in this Agreement or any Note is transferred to any transferee, such transferee shall, on or
prior to the date such transferee acquires an interest under this Agreement or any Note, furnish to Borrower Form W-9, Form W-8BEN or W-8BEN-E, Form W-8ECI, or Form W-8IMY, as applicable, together with all required attachments.

(e) 
 (i) Borrower
shall have no obligation to recognize or deal directly with any Lender other than Lead Lender, and no Lender other than Lead Lender shall have any right to deal directly with Borrower with respect to the rights, benefits and obligations of Borrower
under this Agreement, the Loan Documents or any one or more documents or instruments in respect thereof. Borrower may rely conclusively on the actions of Lead Lender to bind each Lender, notwithstanding that the particular action in question
may, pursuant to this Agreement be subject to the consent or direction of some or all of the other Lenders. 
 (ii) In
addition to any other rights of Lender, Lender may designate one or more administrative and/or collateral agents to act on behalf of the Lender in one or more respects as determined by Lender from time to time with the prior written consent of
Borrower, which consent shall not be unreasonably withheld, conditioned or delayed and which consent shall not be required if an Event of Default has occurred and is continuing (any such administrative agent or collateral agent, an
“Agent”) and thereafter to remove or replace any such Agent from time to time. In the event of any appointment of an Agent, any Liens granted and created in favor of the “Lender” under this Agreement, the Mortgage and
the other Loan Documents shall be held, and shall be deemed for all purposes under this Agreement, the Mortgage and the other Loan Documents to be held, by such Agent as agent on behalf of Lender and Lender’s transferees, assignees and
successors from time to time holding interests in the Loan. 
 Section 9.8. Severability. Wherever possible, each provision of
this Agreement shall be interpreted in such manner as to be effective and valid under applicable law, but if any provision of this Agreement shall be prohibited by or invalid under applicable law, such provision shall be ineffective to the extent of
such prohibition or invalidity, without invalidating the remainder of such provision or the remaining provisions of this Agreement. All covenants hereunder shall be given independent effect so that if a particular action or condition is not
permitted by any of such covenants, the fact that it would be permitted by an exception to, or would otherwise be within the limitations of, another covenant shall not avoid the occurrence of a Default or an Event of Default if such action is taken
or condition exists. 
  

  
 107 

 Section 9.9. Preferences; Waiver of Marshalling of Assets. Lender shall have the
continuing and exclusive right to apply or reverse and reapply any and all payments by Borrower to any portion of the obligations of Borrower hereunder and under the Loan Documents. If any payment to Lender is subsequently invalidated, declared
to be fraudulent or preferential, set aside or required to be repaid to a trustee, receiver or any other party under any bankruptcy law, state or federal law, common law or equitable cause, then the obligations hereunder or portion thereof intended
to be satisfied by such payment shall be revived and continue in full force and effect, as if such payment had not been made. Borrower hereby waives any legal right otherwise available to Borrower that would require the sale of any Collateral
either separate or apart from other Collateral, or require Lender to exhaust its remedies against any Collateral before proceeding against any other Collateral. Without limiting the foregoing, to the fullest extent permitted by law, Borrower
hereby waives and shall not assert any rights in respect of a marshalling of Collateral, a sale in the inverse order of alienation, any homestead exemption, the administration of estates of decedents, or any other matters whatsoever to defeat,
reduce or affect the right of Lender under the Loan Documents to a sale of the Collateral or any portion thereof in any sequence and any combination as determined by Lender in its sole discretion.

Section 9.10. Remedies of Borrower. Neither Borrower nor Lender shall assert, and hereby waives, any claim against the other party
and/or such party’s respective affiliates, directors, employees, attorneys, agents or sub-agents, on any theory of liability, for special, indirect, consequential or punitive damages (whether or not the claim therefor is based on contract, tort
or duty imposed by any applicable Legal Requirement), except to the extent imposed upon such party by one or more third parties, arising out of, as a result of, or in any way related to, the Loan Agreement or any other Loan Document or any agreement
or instrument contemplated hereby or thereby or referred to herein or therein, the transactions contemplated hereby or thereby, the Loan or the use of the proceeds thereof or any act or omission or event occurring in connection therewith, and each
of Borrower and Lender hereby waives, releases and agrees not to sue upon any such claim for any such damages, whether or not accrued and whether or not known or suspected to exist in its favor. 

Section 9.11. Offsets, Counterclaims and Defenses. All payments made by Borrower hereunder or under the other Loan Documents shall
be made irrespective of, and without any deduction for, any offsets, counterclaims or defenses. Borrower waives the right to assert a counterclaim, other than a mandatory or compulsory counterclaim, in any action or proceeding brought against
it by Lender arising out of or in any way connected with the Notes, this Agreement, the other Loan Documents or the Indebtedness. Any assignee of Lender’s interest in the Loan shall take the same free and clear of all offsets,
counterclaims or defenses against the assigning Lender. 
 Section 9.12. No Joint Venture. Nothing in this Agreement is intended
to create a joint venture, partnership, tenancy-in-common or joint tenancy relationship between Borrower and Lender, nor to grant Lender any interest in any Property other than that of mortgagee or lender. 

  
 108 

 Section 9.13. Conflict; Construction of Documents. In the event of any conflict
between the provisions of this Agreement and the provisions of the other Loan Documents, the provisions of this Agreement shall prevail. The parties acknowledge that they were each represented by competent counsel in connection with the
negotiation, drafting and execution of the Loan Documents and that the Loan Documents shall not be subject to the principle of construing their meaning against the party that drafted same. 

Section 9.14. Brokers and Financial Advisors. Borrower represents that neither it nor Sponsor has dealt with any financial
advisors, brokers, underwriters, placement agents, agents or finders in connection with the transactions contemplated by this Agreement other than Goldman, Sachs & Co., Bank of America Merrill Lynch, and Lazard Frères & Co. LLC (and
any commissions payable in connection therewith shall be paid solely by Sponsor). Borrower shall indemnify and hold Lender harmless from and against any and all claims, liabilities, actual, documented out-of-pocket costs and expenses of any
kind in any way relating to or arising from a claim by any Person that such Person acted on behalf of Borrower in connection with the transactions contemplated in this Agreement. The provisions of this Section shall survive the expiration and
termination of this Agreement and the repayment of the Indebtedness. 
 Section 9.15. Counterparts. This Agreement may be
executed in any number of counterparts, each of which when so executed and delivered shall be an original, but all of which shall together constitute one and the same instrument. Copies of originals, including copies delivered by facsimile, pdf
or other electronic means shall have the same import and effect as original counterparts and shall be valid, enforceable and binding for the purposes of this Agreement. 

Section 9.16. Estoppel Certificates.

(a) Borrower shall execute, acknowledge and deliver to Lender, within 10 Business Days after receipt of Lender’s written request therefor
at any time from time to time, a statement in writing setting forth (A) the Principal Indebtedness, (B) the date on which installments of interest and/or principal were last paid, (C) any offsets or defenses to the payment of the
Indebtedness, (D) that the Notes, this Agreement, the Mortgages and the other Loan Documents are valid, legal and binding obligations and have not been modified or if modified, giving particulars of such modification, (E) that neither Borrower
nor, to Borrower’s knowledge, Lender, is in default under the Loan Documents (or specifying any such default), (F) that all Leases are in full force and effect and have not been modified (except in accordance with the Loan Documents), (G)
whether or not any of the Tenants under the Leases are in material default under the Leases (setting forth the specific nature of any such material defaults) and (H) such other matters as Lender may reasonably request. Any prospective purchaser
of any interest in a Loan shall be permitted to rely on such certificate. 
  

  
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 (b) Lender shall execute, acknowledge and deliver to Borrower, within 10 Business Days after
receipt of Borrower’s written request therefor at any time from time to time, a statement in writing setting forth (A) the Principal Indebtedness, (B) the date on which installments of interest and/or principal were last paid and (C)
that no Event of Default exists under the Loan Documents that requires notice. Any prospective purchaser of any direct or indirect interest in Borrower shall be permitted to rely on such certificate. 

(c) Borrower shall (and Borrower shall cause Master Tenant to) deliver to Lender, within 20 days following Lender’s request, tenant
estoppel certificates from Master Tenant in form and substance reasonably acceptable to Lender. 
 (d) Borrower shall use commercially
reasonable efforts to deliver to Lender within 30 days after Lender request estoppel certificates from each party under any Ground Lease in form and substance reasonably acceptable to Lender. 

(e) So long as no Event of Default has occurred and is continuing, Lender may request, and Borrower shall be required to deliver, estoppel
certificates pursuant to clauses (a) through (d) above no more than one (1) time per any calendar year. 
 Section 9.17. General
Indemnity; Payment of Expenses.
 (a) Borrower, at its sole cost and expense, shall protect, indemnify, reimburse, defend and hold
harmless Lender and its officers, partners, members, directors, trustees, advisors, employees, agents, sub-agents, affiliates, successors, participants and assigns of any and all of the foregoing (collectively, the “Indemnified
Parties”) for, from and against any and all Damages of any kind or nature whatsoever that may be imposed on, incurred by, or asserted against any of the Indemnified Parties, in any way relating to or arising out of Lender’s interest in
the Loan; provided, however, that no Indemnified Party shall have the right to be indemnified hereunder to the extent that such Damages have been found by a final, non-appealable judgment of a court of competent jurisdiction to have
resulted from the fraud, criminal conduct, gross negligence or willful misconduct of such Indemnified Party.
 (b) If for any reason
(including violation of law or public policy) the undertakings to defend, indemnify, pay and hold harmless set forth in this Section are unenforceable in whole or in part or are otherwise unavailable to the Indemnified Party or insufficient to hold
it harmless, then Borrower shall contribute to the amount paid or payable by an Indemnified Party as a result of any Damages the maximum amount Borrower is permitted to pay under Legal Requirements. The obligations of Borrower under this
Section will be in addition to any liability that Borrower may otherwise have hereunder and under the other Loan Documents.
 (c) To the
extent any Indemnified Party has notice of a claim for which it intends to seek indemnification hereunder, such Indemnified Party shall give prompt written notice thereof to Borrower, provided that failure by Lender to so notify Borrower will not
relieve Borrower of its obligations under this Section, except to the extent that Borrower suffers actual prejudice as a result of such failure. In connection with any claim for which indemnification is sought hereunder, Borrower shall have the
right to defend the applicable Indemnified Party (if requested by the applicable Indemnified Party, in the name of such Indemnified Party) from such claim by attorneys and other professionals reasonably approved by the applicable Indemnified
Party. Upon assumption by Borrower of any defense pursuant to the immediately preceding 

  
 110 

 
sentence, Borrower shall have the right to control such defense, provided that the Applicable Indemnified Party shall have the right to reasonably participate in such defense and Borrower shall
not consent to the terms of any compromise or settlement of any action defended by Borrower in accordance with the foregoing without the prior consent of the applicable Indemnified Party, unless such compromise or settlement (i) includes an
unconditional release of the applicable Indemnified Party from all liability arising out of such action and (ii) does not include a statement as to or an admission of fault, culpability or a failure to act, by or on behalf of the applicable
Indemnified Party. The applicable Indemnified Party shall have the right to retain its own counsel if (i) Borrower shall have failed to employ counsel reasonably satisfactory to the applicable Indemnified Party in a timely manner, or
(ii) the applicable Indemnified Party shall have been advised by counsel that there are actual or potential material conflicts of interest between Borrower and the applicable Indemnified Party, including situations in which there are one or
more legal defenses available to the applicable Indemnified Party that are different from or additional to those available to Borrower. So long as Borrower is conducting the defense of any action defended by Borrower in accordance with the
foregoing in a prudent and commercially reasonable manner, Lender and the applicable Indemnified Party shall not compromise or settle such action defended without Borrower’s consent, which shall not be unreasonably withheld or
delayed. Upon demand, Borrower shall pay or, in the sole discretion of the applicable Indemnified Party, reimburse the applicable Indemnified Party for the payment of reasonable fees and disbursements of attorneys, engineers, environmental
consultants, laboratories and other professionals retained by the Applicable Indemnified Party in accordance with this Section in connection with defending any claim subject to indemnification hereunder.

(d) Any amounts payable to Lender by reason of the application of this Section shall be secured by the Mortgages and shall become immediately
due and payable and shall bear interest at the Default Rate from the date Damages are sustained by the Indemnified Parties until paid. 
 (e)
The provisions of and undertakings and indemnifications set forth in this Section shall survive the satisfaction and payment in full of the Indebtedness and termination of this Agreement. 

(f) Borrower shall reimburse Lender upon receipt of written notice from Lender for (i) all actual, documented out-of-pocket costs and expenses
incurred by Lender (or any of its affiliates) in connection with the origination of the Loan, including reasonable legal fees and disbursements, accounting fees, and the costs of the Appraisals, the Engineering Reports, the Title Insurance Policies,
the Surveys, the Environmental Reports and any other third-party diligence materials; (ii) all actual, documented out-of-pocket costs and expenses incurred by Lender (or any of its affiliates) in connection with (A) monitoring Borrower’s
ongoing performance of and compliance with Borrower’s agreements and covenants contained in this Agreement and the other Loan Documents on its part to be performed or complied with after the Closing Date, including confirming compliance with
environmental and insurance requirements, (B) the negotiation, preparation, execution, delivery and administration of any consents, amendments, waivers or other modifications to this Agreement and the other Loan Documents and any other
documents or matters relating hereto (including Leases, Material Agreements, REAs and Permitted Encumbrances), (C) filing, registration and recording fees and expenses and other similar expenses incurred in creating and perfecting the Liens in favor
of 

  
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Lender pursuant to this Agreement and the other Loan Documents (including the filing, registration or recording of any instrument of further assurance) and all federal, state, county and
municipal, taxes (including, if applicable, intangible taxes), search fees, title insurance premiums, duties, imposts, assessments and charges arising out of or in connection with the execution and delivery of the Loan Documents, any mortgage
supplemental thereto, any security instrument with respect to the Collateral or any instrument of further assurance, (D) enforcing or preserving any rights, in response to third party claims or the prosecuting or defending of any action or
proceeding or other litigation, in each case against, under or affecting Borrower, this Agreement, the other Loan Documents or any Collateral, and (E) the satisfaction of any Rating Condition in respect of any matter required or requested by
Borrower hereunder; and (iii) all actual, documented out-of-pocket costs and expenses (including reasonable attorney’s fees and, if the Loan has been Securitized, special servicing fees) incurred by Lender (or any of its affiliates) in
connection with the enforcement of any obligations of Borrower, or a Default by Borrower, under the Loan Documents, including any actual or attempted foreclosure, deed-in-lieu of foreclosure, refinancing, restructuring, settlement or workout and any
insolvency or bankruptcy proceedings (including any applicable transfer taxes). Without limiting the foregoing, Borrower shall pay all actual, documented out-of-pocket costs, expenses and fees of Lender and its Servicer, operating advisor,
securitization trustee and certificate administrator resulting from Defaults or requests by Borrower (including enforcement expenses and any liquidation fees, workout fees, special servicing fees, operating advisor consulting fees or any other
similar fees and interest payable on advances made by the Servicer or the securitization trustee with respect to delinquent debt service payments or expenses of curing Borrower’s defaults under the Loan Documents, and any expenses paid by
Servicer or a trustee in respect of the protection and preservation of any Property, such as payment of taxes and insurance premiums); and the costs of all property inspections and/or appraisals (or any updates to any existing inspection or
appraisal) that Servicer may be required to obtain due to a request by Borrower or the occurrence of a Default. Notwithstanding the above, (i) from and after the date hereof, Borrower shall not be responsible for the payment of any of
Lender’s expenses incurred in connection with a Securitization subsequent to the initial Securitization and/or pursuant to Section 9.7 hereof and (ii) Borrower shall not be responsible for the payment of any amounts due under this Section to
the extent that such costs and expenses have been found by a final, non-appealable judgment of a court of competent jurisdiction to have resulted from the fraud, criminal conduct, gross negligence or willful misconduct of Lender, Servicer, operating
advisor, securitization trustee, certificate administrator or any of their respective affiliates. 
 Section 9.18. No Third-Party
Beneficiaries. This Agreement and the other Loan Documents are solely for the benefit of Lender and Borrower, and nothing contained in this Agreement or the other Loan Documents shall be deemed to confer upon anyone other than Lender,
Borrower and Indemnified Parties any right to insist upon or to enforce the performance or observance of any of the obligations contained herein or therein. All conditions to the obligations of Lender to make the Loan hereunder are imposed
solely and exclusively for the benefit of Lender, and no other Person shall have standing to require satisfaction of such conditions in accordance with their terms or be entitled to assume that Lender will refuse to make the Loan in the absence of
strict compliance with any or all thereof, and no other Person shall under any circumstances be deemed to be a beneficiary of such conditions, any or all of which may be freely waived in whole or in part by Lender if, in Lender’s sole
discretion, Lender deems it advisable or desirable to do so.

  
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 Section 9.19. Recourse.

(a) Subject to the qualifications herein, Lender shall not enforce Borrower’s obligation to pay the Indebtedness by any action or
proceeding wherein a deficiency judgment or other judgment establishing personal liability shall be sought against Borrower or any of its affiliates, or any Exculpated Person, except for foreclosure actions or any other appropriate actions or
proceedings in order to fully exercise Lender’s remedies in respect of, and to realize upon, the Collateral, and except for any actions to enforce any obligations expressly assumed or guaranteed by any guarantor, indemnitor or similar party
(whether or not such party is an Exculpated Person) under the Loan Documents or the obligations of Borrower under Section 9.19(b).

(b) Borrower shall indemnify Lender and hold Lender harmless from and against any and all Damages to Lender (including the legal and other
expenses of enforcing the obligations of Borrower under this Section and Sponsor under the Guaranty) resulting from or arising out of any of the following: 

(i) any intentional physical Waste at any of the Properties committed or permitted by Borrower, Sponsor, Master Tenant or any
of their respective affiliates; provided, however, that no liability shall result under this clause (i) (A) with respect to alterations made by Borrower or Master Tenant to any Property in accordance with Section 6.13
hereof or (B) if the Properties failed to generate sufficient cash flow to pay for maintenance and repairs at the applicable Property or if funds reserved by Lender for such purpose have not been made available to Borrower by Lender to pay such
amounts; 
 (ii) any fraud or intentional misrepresentation committed by Borrower, Sponsor, Master Tenant or any of their
respective affiliates; 
 (iii) any willful misconduct by Borrower, Sponsor, Master Tenant or any of their respective
affiliates (including any litigation or other legal proceeding initiated by such Person in bad faith or which is determined by a court of competent jurisdiction to be frivolous that delays, opposes, impedes, obstructs, hinders, enjoins or otherwise
interferes with or frustrates the efforts of Lender to exercise any rights and remedies available to Lender as provided herein and in the other Loan Documents during the continuance of an Event of Default (but in no event including any good faith
defense asserted by Borrower, Sponsor or any of their respective Affiliates); 
 (iv) the misappropriation or intentional
misapplication by Borrower, Sponsor, Master Tenant or any of their respective affiliates of any funds in violation of the Loan Documents (including misappropriation or misapplication of Revenues, Master Lease Rent, security deposits and/or Loss
Proceeds); 
 (v) any voluntary Debt (other than Permitted Debt) if and to the extent the continued existence of such Debt is
prohibited hereunder, unless such Debt arises from an insufficiency of cash flow to pay such Debt;
 (vi) any breach by
Borrower or Sponsor of any representation or covenant regarding environmental matters contained in this Agreement or in the Environmental Indemnity (in each case beyond all applicable notice and cure periods set forth in the Loan Documents); 

  
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 (vii) failure to pay Taxes, charges for labor or materials or other charges that
can create liens on any portion of any Property in accordance with the terms and provisions hereof; provided, however, that no liability shall result under this clause (vii) if (A) Lender fails to permit cash flow from the
Properties to be applied for such purpose or (B) if the Properties failed to generate sufficient cash flow to pay any such amounts when due; 

(viii) failure to pay or maintain the Policies or pay the amount of any deductible required thereunder following a Casualty or
other insurance claim; provided, however, that no liability shall result under this clause (viii) if (A) Lender fails to permit cash flow from the Properties to be applied for such purpose or (B) if the Properties failed to
generate sufficient cash flow to pay any such amounts when due; 
 (ix) the failure of Borrower to be, and to at all times
have been, a Single-Purpose Entity, regardless of whether such failure to have been a Single-Purpose Entity prior to the date hereof has been disclosed to Lender, and including any and all liabilities, contingent or otherwise, arising from or
related to (x) the actions, conduct and/or operating history of Borrower (or any Person merged into Borrower) prior to the Closing Date and (y) Borrower’s ownership (or the ownership of any Person merged into Borrower) of assets prior to the
Closing Date that do not constitute a portion of the Collateral and/or the filing by any Person of a motion for substantive consolidation in bankruptcy citing any such failure (for the avoidance of doubt, the recourse described in this clause shall
be in addition to the full recourse for a substantive consolidation as described below); provided, however, that no liability shall result under this clause (ix) with respect to (A) failures to pay unsecured trade payables and operational debt
incurred in the ordinary course of Borrower’s business if there is insufficient case flow from the properties (or if funds reserved by Lender for such purposes have not been made available to Borrower by Lender to pay such outstanding amounts)
and (B) Sponsor is not obligated to fund additional capital to make any loans to Borrower; 
 (x) removal of personal
property from any of the Properties after the occurrence and during the continuance of an Event of Default, unless replaced with personal property of the same utility and of the same or greater value and utility; 

(xi) any fees or commissions paid by Borrower to any affiliate in violation of the terms of the Loan Documents; 

(xii) intentionally omitted; 

(xiii) the contesting or opposition by Borrower, Sponsor or any of their respective affiliates of any motion filed by Lender
for relief from the automatic stay in any bankruptcy proceeding of Borrower; 

  
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 (xiv) any material modification, termination, surrender, waiver or cancellation
of any Ground Lease (including pursuant to a Fee Acquisition) in violation of the Loan Documents; 
 (xv) except as expressly
set forth below with respect to full recourse liability in the following paragraph in clause (i), any Transfer occurs in violation of the Loan Documents if such Transfer does not result in (A) a Prohibited Change of Control or (B) a voluntary
Transfer of title to all or any portion of the fee title to the real estate comprising the Properties. 
 In addition to the foregoing, the
Loan and all Indebtedness shall be fully recourse to Borrower and Sponsor, jointly and severally, if (i) any Transfer occurs in violation of the Loan Documents if such Transfer results in (A) a Prohibited Change of Control or (B) a voluntary
Transfer of title to all or any portion of the fee title to the real estate comprising the Properties, (ii) any petition for bankruptcy, insolvency, dissolution or liquidation under the Bankruptcy Code or any similar federal or state law is filed
by, consented to, or acquiesced in by, Borrower, (iii) Borrower or any of its Affiliates (including Sponsor) shall have colluded with other creditors to cause an involuntary filing under the Bankruptcy Code or similar federal or state law with
respect to Borrower, or Borrower shall have terminated one or more of the Independent Directors for the purpose of facilitating a bankruptcy filing, (iv) Borrower fails to be, and to at all times have been, a Single-Purpose Entity, which failure
results in a substantive consolidation of Borrower with any affiliate in a bankruptcy or similar proceeding, or (v) any material modification, termination, surrender, waiver or cancellation of the Master Lease in violation of the Loan
Documents. All of Borrower’s liabilities under this Section 9.19(b) shall be guaranteed by Sponsor pursuant to the Guaranty. 

(c) The foregoing limitations on personal liability shall in no way impair or constitute a waiver of the validity of the Notes, the
Indebtedness secured by the Collateral, or the Liens on the Collateral, or the right of Lender, as mortgagee or secured party, to foreclose and/or enforce its rights with respect to the Collateral after an Event of Default. Nothing in this
Agreement shall be deemed to be a waiver of any right which Lender may have under the Bankruptcy Code to file a claim for the full amount of the debt owing to Lender by Borrower or to require that all Collateral shall continue to secure all of the
Indebtedness owing to Lender in accordance with the Loan Documents. Lender may seek a judgment on the Note (and, if necessary, name Borrower in such suit) as part of judicial proceedings to foreclose on any Collateral or as a prerequisite to
any such foreclosure or to confirm any foreclosure or sale pursuant to power of sale thereunder, and in the event any suit is brought on the Notes, or with respect to any Indebtedness or any judgment rendered in such judicial proceedings, such
judgment shall constitute a Lien on and may be enforced on and against the Collateral and the rents, profits, issues, products and proceeds thereof. Nothing in this Agreement shall impair the right of Lender to accelerate the maturity of the
Note upon the occurrence of an Event of Default, nor shall anything in this Agreement impair or be construed to impair the right of Lender to seek personal judgments, and to enforce all rights and remedies under applicable law, jointly and severally
against any indemnitors and guarantors to the extent allowed by any applicable Loan Documents. The provisions set forth in this Section are not intended as a release or discharge of the obligations due under the Note or under any Loan
Documents, but are intended as a limitation, to the extent provided in this Section, on Lender’s right to sue for a deficiency or seek a personal judgment except as required in order to realize on the Collateral. 

  
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 Section 9.20. Right of Set-Off. In addition to any rights now or hereafter granted
under applicable law or otherwise, and not by way of limitation of any such rights, during the continuance of an Event of Default, Lender may from time to time, without presentment, demand, protest or other notice of any kind (all of such rights
being hereby expressly waived), set-off and appropriate and apply any and all deposits (general or special) and any other indebtedness at any time held or owing by Lender (including branches, agencies or affiliates of Lender wherever located) to or
for the credit or the account of Borrower against the obligations and liabilities of Borrower to Lender hereunder, under the Notes, the other Loan Documents or otherwise, irrespective of whether Lender shall have made any demand hereunder and
although such obligations, liabilities or claims, or any of them, may be contingent or unmatured, and any such set-off shall be deemed to have been made immediately upon the occurrence of an Event of Default even though such charge is made or
entered on the books of Lender subsequent thereto. 
 Section 9.21. Exculpation of Lender. Lender neither undertakes nor assumes
any responsibility or duty to Borrower or any other party to select, review, inspect, examine, supervise, pass judgment upon or inform Borrower or any third party of (a) the existence, quality, adequacy or suitability of appraisals of the
Properties or other Collateral, (b) any environmental report, or (c) any other matters or items, including engineering, soils and seismic reports that are contemplated in the Loan Documents. Any such selection, review, inspection,
examination and the like, and any other due diligence conducted by Lender, is solely for the purpose of protecting Lender’s rights under the Loan Documents, and shall not render Lender liable to Borrower or any third party for the existence,
sufficiency, accuracy, completeness or legality thereof. 
 Section 9.22. Servicer. Lender may delegate any and all rights and
obligations of Lender hereunder and under the other Loan Documents to the Servicer upon notice by Lender to Borrower, whereupon any notice or consent from the Servicer to Borrower, and any action by Servicer on Lender’s behalf, shall have the
same force and effect as if Servicer were Lender. 
 Section 9.23. No Fiduciary Duty.

(a) Borrower acknowledges that, in connection with this Agreement, the other Loan Documents and the Transaction, Lender has relied upon and
assumed the accuracy and completeness of all of the financial, legal, regulatory, accounting, tax and other information provided to, discussed with or reviewed by Lender for such purposes, and Lender does not assume any liability therefor or
responsibility for the accuracy, completeness or independent verification thereof. Lender, its affiliates and their respective equityholders and employees (for purposes of this Section, the “Lending Parties”) have no obligation
to conduct any independent evaluation or appraisal of the assets or liabilities (including any contingent, derivative or off-balance sheet assets and liabilities) of Sponsor, Borrower or any other Person or any of their respective affiliates or to
advise or opine on any related solvency or viability issues. 

  
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 (b) It is understood and agreed that (i) the Lending Parties shall act under this Agreement and
the other Loan Documents as an independent contractor, (ii) the Transaction is an arms’-length commercial transactions between the Lending Parties, on the one hand, and Borrower, on the other, (iii) each Lending Party is acting solely as
principal and not as the agent or fiduciary of Borrower, Sponsor or their respective affiliates, stockholders, employees or creditors or any other Person and (iv) nothing in this Agreement, the other Loan Documents, the Transaction or otherwise
shall be deemed to create (A) a fiduciary duty (or other implied duty) on the part of any Lending Party to Sponsor, Borrower, any of their respective affiliates, stockholders, employees or creditors, or any other Person or (B) a fiduciary or agency
relationship between Sponsor, Borrower or any of their respective affiliates, stockholders, employees or creditors, on the one hand, and the Lending Parties, on the other. Borrower agrees that neither it nor Sponsor nor any of their respective
affiliates shall make, and hereby waives, any claim against the Lending Parties based on an assertion that any Lending Party has rendered advisory services of any nature or respect, or owes a fiduciary or similar duty to Borrower, Sponsor or their
respective affiliates, stockholders, employees or creditors. Nothing in this Agreement or the other Loan Documents is intended to confer upon any other Person (including affiliates, stockholders, employees or creditors of Borrower and Sponsor)
any rights or remedies by reason of any fiduciary or similar duty.
 (c) Borrower acknowledges that it has been advised that the Lending
Parties are a full service financial services firm engaged, either directly or through affiliates in various activities, including securities trading, investment banking and financial advisory, investment management, principal investment, hedging,
financing and brokerage activities and financial planning and benefits counseling for both companies and individuals. In the ordinary course of these activities, the Lending Parties may make or hold a broad array of investments and actively
trade debt and equity securities (or related derivative securities) and/or financial instruments (including loans) for their own account and for the accounts of their customers and may at any time hold long and short positions in such securities
and/or instruments. Such investment and other activities may involve securities and instruments of affiliates of Borrower, including Sponsor, as well as of other Persons that may (i) be involved in transactions arising from or relating to the
Transaction, (ii) be customers or competitors of Borrower, Sponsor and/or their respective affiliates, or (iii) have other relationships with Borrower, Sponsor and/or their respective affiliates. In addition, the Lending Parties may provide
investment banking, underwriting and financial advisory services to such other Persons. The Lending Parties may also co-invest with, make direct investments in, and invest or co-invest client monies in or with funds or other investment vehicles
managed by other parties, and such funds or other investment vehicles may trade or make investments in securities of affiliates of Borrower, including Sponsor, or such other Persons. The Transaction may have a direct or indirect impact on the
investments, securities or instruments referred to in this paragraph. Although the Lending Parties in the course of such other activities and relationships may acquire information about the Transaction or other Persons that may be the subject
of the Transaction, the Lending Parties shall have no obligation to disclose such information, or the fact that the Lending Parties are in possession of such information, to Borrower, Sponsor or any of their respective affiliates or to use such
information on behalf of Borrower, Sponsor or any of their respective affiliates. 
 (d) Borrower acknowledges and agrees that Borrower has
consulted its own legal and financial advisors to the extent it deemed appropriate and that it is responsible for making its own independent judgment with respect to this Agreement, the other Loan Documents, the Transaction and the process leading
thereto. 

  
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 Section 9.24. Borrower Information. Borrower shall make available to Lender all
information concerning its business and operations that Lender may reasonably request. Lender shall have the right to disclose any and all information provided to Lender by Borrower or Sponsor regarding Borrower, Sponsor, the Loan and the
Properties (i) to affiliates of Lender and to Lender’s agents and advisors, (ii) to any actual or potential assignee, transferee or participant in connection with the contemplated assignment, transfer, participation or Securitization of all or
any portion of the Loan or any participations therein, and to any investors or prospective investors in the Certificates, and their respective advisors and agents, including the operating advisor, or to any direct or indirect contractual
counterparties (or the professional advisors thereto) to any swap or derivative transaction relating to Borrower and its obligations, or to any Person that is a pledgee or a party to a repurchase agreement with respect to the Loan, (iii) to any
rating agency in connection with a Securitization or as otherwise required in connection with a disposition of the Loan, (iv) to any Person necessary or desirable in connection with the exercise of any remedies hereunder or under any other Loan
Document following an Event of Default, (v) to any governmental agency, including the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the FDIC, the Securities and Exchange Commission and any other regulatory
authority that may exercise authority over Lender or any investor in the Certificates (including the Servicer, the Securitization trustee and their respective agents and employees) or any representative thereof, and to the National Association of
Insurance Commissioners, in each case if requested by such governmental agency or otherwise required to comply with the applicable rules and regulations of such governmental agency or if required pursuant to legal or judicial process, and (vi) in
any Disclosure Document (as defined in the Cooperation Agreement). In addition, 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 Lender in connection with the administration and management of this Agreement and the other Loan Documents. Each party hereto (and each of their respective affiliates, employees, representatives or other
agents) may disclose to any and all Persons, without limitation of any kind, the tax treatment and tax structure of the Transaction and all materials of any kind (including opinions and other tax analyses) that are provided to any such party
relating to such tax treatment and tax structure. For the purpose of this Section, “tax structure” means any facts relevant to the federal income tax treatment of the Transaction but does not include information relating to the
identity of any of the parties hereto or any of their respective affiliates.  
 Section 9.25. PATRIOT Act
Records. Lender hereby notifies Borrower that pursuant to the requirements of the PATRIOT Act, it is required to obtain, verify and record information that identifies Borrower and Sponsor, which information includes the name and address of
Borrower and Sponsor and other information that will allow Lender to identify Borrower or Sponsor in accordance with the PATRIOT Act. 

Section 9.26. EU Bail-in Rule. Notwithstanding anything to the contrary in any of the Loan Documents or in any other agreement,
arrangement or understanding, each party hereto acknowledges that any liability of any EEA 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 an
EEA Resolution Authority and agrees and consents to, and acknowledges and agrees to be bound by: 

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

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

 

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

  

	 	(B)	a conversion of all, or a portion of, such liability into shares or other instruments of ownership in such EEA 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 

 

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

Section 9.27. Prior Agreements. THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS CONTAIN THE ENTIRE AGREEMENT OF THE PARTIES HERETO AND
THERETO IN RESPECT OF THE TRANSACTIONS CONTEMPLATED HEREBY AND THEREBY, AND ALL PRIOR AGREEMENTS AMONG OR BETWEEN SUCH PARTIES, WHETHER ORAL OR WRITTEN, INCLUDING ANY TERM SHEETS, CONFIDENTIALITY AGREEMENTS AND COMMITMENT LETTERS, ARE SUPERSEDED BY
THE TERMS OF THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS (EXCEPT THAT ANY ORIGINATION FEE SPECIFIED IN ANY TERM SHEET, COMMITMENT LETTER OR FEE LETTER SHALL BE AN OBLIGATION OF BORROWER AND SHALL BE PAID AT CLOSING, AND ANY
INDEMNIFICATIONS, FLEX PROVISION, EXIT FEES AND THE LIKE PROVIDED FOR THEREIN SHALL SURVIVE THE CLOSING). 
 Section 9.28.
Publicity. If the Loan is made, each of Lender or Borrower may issue press releases, advertisements and other promotional materials describing in general terms or in detail each party’s own participation in such transaction, and may
utilize photographs of the Properties in such promotional materials. Neither Lender nor Borrower shall make any references to the other party in any press release, advertisement or promotional material issued by Borrower or Sponsor, as
applicable, unless such other party shall have approved of the same in writing prior to the issuance of such press release, advertisement or promotional material. 

Section 9.29. Delay Not a Waiver. Neither any failure nor any delay on the part of Lender in insisting upon strict performance of
any term, condition, covenant or agreement, or exercising any right, power, remedy or privilege hereunder, under any other Loan Document or 

  
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under any other instrument given as security therefor, shall operate as or constitute a waiver thereof, nor shall a single or partial exercise thereof preclude any other future exercise, or the
exercise of any other right, power, remedy or privilege. In particular, and not by way of limitation, by accepting payment after the due date of any amount payable hereunder or under any other Loan Document, Lender shall not be deemed to have
waived any right either to require prompt payment when due of all other amounts due under this Agreement, the Note or the other Loan Documents, or to declare a default for failure to effect prompt payment of any such other amount.

Section 9.30. Schedules and Exhibits Incorporated. The Schedules and Exhibits annexed hereto are hereby incorporated herein as a
part of this Agreement with the same effect as if set forth in the body hereof. 
 Section 9.31. Administration of Bankruptcy
Claims. Borrower and Lender agree that, with respect to the Master Lease, Borrower hereby transfers to Lender, in the event of any proceeding involving Master Tenant under the Bankruptcy Code or any similar proceeding, all of
Borrower’s rights to (a) file any proof of such claims, (b) cast any votes relating to any claims of Borrower against Master Tenant in such proceedings, (c) collect and receive any dividends payable with respect to such claims, (d) take any
action or commence any proceeding to collect such claims, (e) file any motion for relief from the stay imposed under Section 362(a) of the Bankruptcy Code or any similar statute, (f) file any motion to compel Master Tenant to assume or reject the
applicable leases or subleases under the Bankruptcy Code or any similar statute, or (g) take any other actions to collect or protect such claims, and Lender shall use commercially reasonable efforts to enforce and exercise such rights. Borrower
agrees that Lender shall be the sole party permitted to participate in the administration of the estate of Master Tenant under any proceeding under the Bankruptcy Code or any similar statute with respect any such claims. 

Section 9.32. Intercreditor Agreement. Lender and Mezzanine Lender are or will be parties to a certain Intercreditor Agreement
(the “Intercreditor Agreement”) memorializing their relative rights and obligations with respect to the Loan, the Mezzanine Loan, Borrower, Mezzanine Borrower and the Properties. Borrower hereby acknowledges and agrees that (i)
such Intercreditor Agreement is intended solely for the benefit of Lender and the Mezzanine Lender and (ii) Borrower and Mezzanine Borrower are not intended third-party beneficiaries of any of the provisions therein and shall not be entitled to rely
on the provisions contained therein. Lender and Mezzanine Lender shall have no obligation to disclose to Borrower the contents of the Intercreditor Agreement. Borrower’s obligations hereunder are independent of such Intercreditor
Agreement and remain unmodified by the terms and provisions thereof. 
 Section 9.33. Co-Lender.

(a) Borrower hereby acknowledges and agrees that notwithstanding the fact that the Loan may be serviced by Servicer, prior to a Securitization
of the entire Loan, all requests for approval and consents hereunder and in every instance in which Lender’s consent or approval is required, each of Borrower and Sponsor shall be required to obtain the consent and approval of each Co-Lender
and all copies of documents, reports, requests and other delivery obligations of Borrower, Master Tenant and Sponsor required hereunder shall be delivered by 

  
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Borrower, Master Tenant and Sponsor to each Co-Lender in accordance with Section 9.4 hereof. Each Co-Lender hereby appoints Lead Lender to serve as non-fiduciary administrative agent
and collateral agent for all Lenders. Lead Lender shall remit each such notice, request or other communication to each other Lender within one Business Day of receipt thereof. 

(b) (i) The liabilities of Lender shall be several and not joint, (ii) no Co-Lender shall be responsible for the obligations of any other
Co-Lender, and (iii) each Co-Lender shall be liable to Borrower only for its respective Ratable Share of the Loan. Notwithstanding anything to the contrary herein, all indemnities by Borrower and obligations for costs, expenses, damages or
advances set forth herein shall run to and benefit each Co-Lender in accordance with its Ratable Share. 

  
 121 

 Lender and Borrower are executing this Agreement as of the date first above written. 

 

			
	LENDER:
	
	GOLDMAN SACHS MORTGAGE COMPANY, a New York limited partnership
		
	By:	 	 /s/ Theodore Borter

		 	Name: Theodore Borter
		 	Title: Authorized Signatory
	
	BANK OF AMERICA, N.A., a national banking association
		
	By:	 	 /s/ Steven Wasser

		 	Name: Steven Wasser
		 	Title: Managing Director

  
 122 

 
			
	BORROWER:
	
	TOYS “R” US PROPERTY COMPANY II, LLC, a Delaware limited liability company
		
	By:	 	 /s/ Matthew Finigan

		 	Name: Matthew Finigan
		 	Title: Vice President – Assistant Treasurer

  
 123 

 Exhibit A 

Organizational Chart 

Corporation Structure Chart for the PROPCO II Chain 
  

 
 Entities 
  

	(1)	Entities advised or affiliated with Bain Capital Partners, LLC (“Bain”), Kohlberg Kravis Roberts & Co. L.P. (“KKR”) and Vornado Realty Trust (“Vornado”):

 BAIN 
  

	 	•	 	Bain Capital (TRU) VIII, L.P. 

  

	 	•	 	Bain Capital (TRU) VIII-E, L.P. 

  

	 	•	 	Bain Capital (TRU) VIII Coinvestment, L.P. 

  

	 	•	 	Bain Capital Integral Investors, LLC 

  

	 	•	 	BCIP TCV, LLC 

 KKR 

 

	 	•	 	Toybox Holdings, LLC 

 VORNADO 

 

	 	•	 	Vornado Truck, LLC 

 No individual investor in the fund(s) of KKR or Bain, which holds the
equity of Toys “R” Us, Inc., owns 25% or more of the respective fund(s). 

 Exhibit B 

[Form of Tenant Notice 

[BORROWER’S LETTERHEAD] 

                , 20
         
  

	 	Re:	Lease dated [            ], 20[    ] between [            ], 

as Landlord, and [            ], as Tenant, 

concerning premises known as [            ] (the “Building”). 

Dear Tenant: 
 [As of
            , 201    ,                     , the owner of the
Building, has transferred the Building to                      (the “New Landlord”).] The undersigned hereby directs and authorizes
you to make all rental payments and other amounts payable by you pursuant to your lease as follows: 
 If the payment is made by wire
transfer, you shall transfer the applicable funds to the following account: 
 Bank: 

Account Name 
 Account No.: 

ABA No.: 
 Contact: 

If the payment is made by check, you shall deliver your payment to the following address: [LOCKBOX ADDRESS]. 

[In addition, please amend the insurance policies that you are required to maintain under your lease to include the new owner as an additional
insured thereon.] 
 The instructions set forth herein are irrevocable and are not subject to modification by us in any manner. Only
[name of then-current Lender], or its successors and assigns, may by written notice to you rescind or modify the instructions contained herein. 

Thank you in advance for your cooperation and if you have any questions, please call
                     at (            )
            -                    .] 

Very truly yours, 

 Exhibit C 

Form of Tax Certificate 

Reference is made to that certain Loan Agreement, dated as of November 3, 2016 (as amended, restated, amended and restated, supplemented or
otherwise modified from time to time, the “Loan Agreement”), GOLDMAN SACHS MORTGAGE COMPANY, a New York limited partnership (“GS”), and BANK OF AMERICA, N.A., a national banking association, collectively as lender
(“BOA”; together with GS and each of their respective successors and assigns, each a “Co-Lender” and collectively, “Lender”), and TOYS “R” US PROPERTY COMPANY II, LLC, a Delaware limited
liability company, as borrower (together with its permitted successors and assigns, “Borrower”). Terms used herein and not otherwise defined shall have the meanings assigned thereto in the Loan Agreement.

Pursuant to Section 1.4(d)(ii)(B) of the Loan Agreement, the undersigned hereby certifies that:1 
 I. It is the sole record and beneficial owner of the Loan (as well as any Note
evidencing such Loan) in respect of which it is providing this certificate. 
 II. It is not a “bank” (within the meaning of
Section 881(c)(3)(A) of the Code). 
 III. It is not a “10-percent shareholder” of the Borrower (within the meaning of Section
881(c)(3)(B) or Section 871(h)(3)(B) of the Code). 
 IV. It is not a “controlled foreign corporation” (as such term is defined in
Section 881(c)(3)(C) of the Tax Code) related to the Borrower (within the meaning of Section 864(d)(4) of the Code). 
  

	1 	If the undersigned is an intermediary, a foreign partnership or other flow-through entity, the following adjustments shall be made. 

 

	A.	The following representation shall be provided as applied to the undersigned: 

  

	 	•	 	record ownership under Clause I. 

  

	B.	The following representations shall be provided as applied to the partners, members or beneficial owners claiming the portfolio interest exemption: 

 

	 	•	 	beneficial ownership under Clause I, 

  

	 	•	 	the status in Clause III, and 

  

	 	•	 	the status in Clause IV. 

  

	C.	The following representation shall be provided as applied to the undersigned as well as the partners, members or beneficial owners claiming the portfolio interest exemption: 

 

	 	•	 	the status in Clause II. 

  

	D.	The undersigned shall provide a U.S. Internal Revenue Service Form W-8IMY (with underlying U.S. Internal Revenue Service Form W-8BEN or W-8BEN-E, as applicable (or other applicable forms) from each of its partners/
members/beneficial owners) to the Administrative Agent and Borrower. 

  

	E.	Appropriate adjustments shall be made in the case of tiered intermediaries or tiered partnerships or flow-through entities. 

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

[Signature Page Follows] 

 IN WITNESS WHEREOF, the undersigned has duly executed this certificate. 

 

			
	[Name]	 	
		
	By:	 	  

	Name:	 	  

	Title:	 	  

	[Address]

 Dated:                 , 20
         

 Schedule A 

Properties 
  

									
	 Store #
	  	 Banner
	  	 Property Address
	  	 City
	  	 State

	 9239
	  	Babies R Us	  	2686 Taylor Road	  	Reynoldsburg	  	Ohio
	 9254
	  	Babies R Us	  	1240 Doral Drive	  	Boardman	  	Ohio
	 9210
	  	Toys R Us	  	317 Boardman Poland Road	  	Boardman	  	Ohio
	 9211
	  	Toys R Us	  	4822 N. Whipple Avenue	  	Canton	  	Ohio
	 8908
	  	Toys R Us	  	4585 Eastgate Boulevard	  	Cincinnati	  	Ohio
	 8905
	  	Toys R Us	  	9959 Colerain Avenue	  	Colerain Township	  	Ohio
	 8910
	  	Toys R Us	  	4285 Groves Road	  	Columbus	  	Ohio
	 9203
	  	Toys R Us	  	590 Howe Avenue	  	Cuyahoga Falls	  	Ohio
	 8922
	  	Toys R Us	  	6547 Sawmill Road	  	Dublin	  	Ohio
	 9208
	  	Toys R Us	  	1601 W. River Road N	  	Elyria	  	Ohio
	 9279
	  	Babies R Us	  	1360 S. Holland Sylvania Road	  	Holland	  	Ohio
	 9207
	  	Toys R Us	  	7723 Mentor Avenue	  	Mentor	  	Ohio
	 8916
	  	Toys R Us	  	2859 Miamisburg Centerville Road	  	Miamisburg	  	Ohio
	 9232
	  	Toys R Us	  	52 Rothrock Road	  	Copley	  	Ohio
	 9221
	  	Toys R Us	  	27048 Lorain Road	  	North Olmsted	  	Ohio
	 9277
	  	Toys R Us	  	5500 Milan Road	  	Sandusky	  	Ohio
	 9212
	  	Toys R Us	  	67681 Mall Road	  	St. Clairsville	  	Ohio
	 9267
	  	Toys R Us	  	5025 Monroe Street	  	Toledo	  	Ohio
	 7817
	  	Toys R Us	  	4111 S. Cooper Street	  	Arlington	  	Texas
	 7010
	  	Toys R Us	  	4025 S. Capitol of Texas Hwy	  	Austin	  	Texas
	 7822
	  	Toys R Us	  	2412 S. Stemmons Freeway	  	Lewisville	  	Texas
	 6321
	  	Toys R Us	  	1224 Hooper Avenue	  	Toms River	  	New Jersey
	 8831
	  	Toys R Us	  	1715 Montgomery Highway	  	Hoover	  	Alabama
	 6383
	  	Babies R Us	  	450 Grossman Drive	  	Braintree	  	Massachusetts
	 7522
	  	Toys R Us	  	105 Campanelli Industrial Drive	  	Brockton	  	Massachusetts
	 7534
	  	Toys R Us	  	492 State Road	  	Dartmouth	  	Massachusetts
	 6443
	  	Babies R Us	  	12 Mystic View Road	  	Everett	  	Massachusetts
	 7520
	  	Toys R Us	  	8 Gallen Road	  	Kingston	  	Massachusetts
	 7524
	  	Toys R Us	  	1190 S. Washington St.	  	North Attleboro	  	Massachusetts
	 6388
	  	Babies R Us	  	1255 S. Washington Street	  	North Attleboro	  	Massachusetts
	 7511
	  	Toys R Us	  	2 Keller Street	  	Manchester	  	New Hampshire
	 7523
	  	Toys R Us	  	16 Veterans Memorial Parkway	  	Salem	  	New Hampshire
	 8006
	  	Toys R Us	  	10065 SW Cascade Avenue	  	Tigard	  	Oregon
	 9574
	  	Babies R Us	  	7805 SW Dartmouth Street	  	Tigard	  	Oregon
	 8352
	  	Toys R Us	  	400 N. Military Highway	  	Norfolk	  	Virginia

									
	 Store #
	  	 Banner
	  	 Property Address
	  	 City
	  	 State

	 5809
	  	Toys R Us	  	2700 Sisk Road	  	Modesto	  	California
	 9573
	  	Babies R Us	  	3500 Sisk Road & Highway 99	  	Modesto	  	California
	 8843
	  	Toys R Us	  	1755 Galleria Boulevard	  	Franklin	  	Tennessee
	 8867
	  	Toys R Us	  	8060 Giacosa Place	  	Germantown	  	Tennessee
	 8371
	  	Toys R Us	  	1910 N. Roan Boulevard	  	Johnson City	  	Tennessee
	 8802
	  	Toys R Us	  	1800 Gallatin Pike North	  	Nashville	  	Tennessee
	 8303
	  	Toys R Us	  	250 Mall Boulevard	  	King of Prussia	  	Pennsylvania
	 8312
	  	Toys R Us	  	1154 West Baltimore Pike	  	Media	  	Pennsylvania
	 6462
	  	Babies R Us	  	980 Bethlehem Pike	  	Montgomeryville	  	Pennsylvania
	 8323
	  	Toys R Us	  	421 Lycoming Mall Circle	  	Pennsdale	  	Pennsylvania
	 6362
	  	Toys R Us	  	409 Route 6 Scranton Carbondale Highway	  	Scranton	  	Pennsylvania
	 6449
	  	Babies R Us	  	770 Baltimore Pike	  	Springfield	  	Pennsylvania
	 6359
	  	Toys R Us	  	955 Grape Street	  	Whitehall	  	Pennsylvania
	 6361
	  	Toys R Us	  	620 Kidder Street	  	Wilkes Barre	  	Pennsylvania
	8366 (and 1355 (adjacent))	  	Toys R Us	  	1055 Woodland Road	  	Wyomissing	  	Pennsylvania
	 8310
	  	Toys R Us	  	1410 Kenneth Road	  	York	  	Pennsylvania
	 6353
	  	Toys R Us	  	59 Connecticut Avenue	  	Norwalk	  	Connecticut
	 8311
	  	Toys R Us	  	2345 East Lincoln Highway	  	Langhorne	  	Pennsylvania
	 8329
	  	Toys R Us	  	201 Franklin Mills Circle	  	Philadelphia	  	Pennsylvania
	 9566
	  	Babies R Us	  	4990 Dublin Boulevard	  	Dublin	  	California
	 9579
	  	Babies R Us	  	7155 Business Center Drive	  	Highlands Ranch	  	Colorado
	 9531
	  	Toys R Us	  	5650 West 88th Avenue	  	Westminster	  	Colorado
	 8703
	  	Toys R Us	  	8325 South Dixie Highway	  	Miami	  	Florida
	 8726
	  	Toys R Us	  	1631 Florida Mall Avenue	  	Orlando	  	Florida
	 8743
	  	Toys R Us	  	12235 Pines Boulevard	  	Pembroke Pines	  	Florida
	 8379
	  	Toys R Us	  	201 Crossroad Boulevard	  	Cary	  	North Carolina
	 8841
	  	Toys R Us	  	11300 Carolina Place Parkway	  	Pineville	  	North Carolina
	 9290
	  	Babies R Us	  	4140 Coldwater Road	  	Fort Wayne	  	Indiana
	 8902
	  	Toys R Us	  	8250 Castleton Corner	  	Indianapolis	  	Indiana
	 9294
	  	Babies R Us	  	1335 E 79th Street	  	Merrillville	  	Indiana
	 8903
	  	Toys R Us	  	7960 Connector Drive	  	Florence	  	Kentucky
	 9255
	  	Babies R Us	  	3274 S. Linden Road	  	Flint	  	Michigan
	 9263
	  	Toys R Us	  	32766 John R Road	  	Madison Heights	  	Michigan
	 9249
	  	Babies R Us	  	20111 Haggerty Road	  	Northville	  	Michigan
	 9280
	  	Babies R Us	  	4936 Baldwin Road	  	Orion Township	  	Michigan

									
	 Store #
	  	 Banner
	  	 Property Address
	  	 City
	  	 State

	 9262
	  	Toys R Us	  	14333 Eureka Boulevard	  	Southgate	  	Michigan
	 9269
	  	Toys R Us	  	13801 Lakeside Circle	  	Sterling Heights	  	Michigan
	 9271
	  	Toys R Us	  	34800 Warren Road	  	Westland	  	Michigan
	 9291
	  	Babies R Us	  	2027 Park Street	  	Syracuse	  	New York
	 6445
	  	Babies R Us	  	4869 Kietzke Lane	  	Reno	  	Nevada
	 5805
	  	Toys R Us	  	5000 Smithridge Drive	  	Reno	  	Nevada
	 5629
	  	Toys R Us	  	7102 Eastern Avenue	  	Bell Gardens	  	California
	 5677
	  	Babies R Us	  	7886 North Van Nuys Boulevard	  	Los Angeles (Van Nuys)	  	California
	 5659
	  	Toys R Us	  	25362 El Paseo Road	  	Mission Viejo	  	California
	 5649
	  	Toys R Us	  	Murrieta Town Center-39855 Alta Murrirta Drive	  	Murrieta	  	California
	 5675
	  	Babies R Us	  	2340 North Rose Avenue	  	Oxnard	  	California
	 5611
	  	Toys R Us	  	10391 Magnolia Avenue	  	Riverside	  	California
	 9581
	  	Babies R Us	  	1990 University Drive	  	Vista	  	California
	 6441
	  	Babies R Us	  	1522 Boston Post Road	  	Milford	  	Connecticut
	 6326
	  	Toys R Us	  	330 Old Gate Lane	  	Milford	  	Connecticut
	 9234
	  	Toys R Us	  	20281 Route 19; 1000 Cranberry Square	  	Cranberry	  	Pennsylvania
	 9209
	  	Toys R Us	  	1920 Edinboro Road	  	Erie	  	Pennsylvania
	 8370
	  	Toys R Us	  	620 Galleria Drive	  	Johnstown	  	Pennsylvania
	 9218
	  	Toys R Us	  	Route 18 & Valley View Drive	  	Monaca	  	Pennsylvania
	 9213
	  	Toys R Us	  	3735 William Penn Highway	  	Monroeville	  	Pennsylvania
	 9215
	  	Toys R Us	  	2003 Cheryl Drive	  	Pittsburgh	  	Pennsylvania
	 8336
	  	Toys R Us	  	2115 West Street	  	Annapolis	  	Maryland
	 8354
	  	Toys R Us	  	8804 Pulaski Highway	  	Baltimore	  	Maryland
	 6414
	  	Babies R Us	  	12012 Cherry Hill Road	  	White Oak	  	Maryland
	 8342
	  	Toys R Us	  	3101 Plank Road	  	Fredericksburg	  	Virginia
	 6393
	  	Babies R Us	  	21300 Signal Hill Plaza	  	Sterling	  	Virginia
	 8340
	  	Toys R Us	  	655 East Jubal Early Drive	  	Winchester	  	Virginia
	 8890
	  	Babies R Us	  	254 Harbison Boulevard	  	Columbia	  	South Carolina
	 7026
	  	Toys R Us	  	5700 Johnston	  	Lafayette	  	Louisiana
	 7014
	  	Toys R Us	  	1220 Airline Road	  	Corpus Christi	  	Texas
	 7030
	  	Toys R Us	  	1101 Expressway 83	  	McAllen	  	Texas
	 5679
	  	Babies R Us	  	7540 West Bell Road	  	Glendale	  	Arizona
	 5651
	  	Toys R Us	  	1516 S. Power Road	  	Mesa	  	Arizona
	 5694
	  	Babies R Us	  	4619 N. Oracle Road	  	Tucson	  	Arizona
	 6020
	  	Toys R Us	  	404 W. Army Trail Rd.	  	Bloomingdale	  	Illinois

									
	 Store #
	  	 Banner
	  	 Property Address
	  	 City
	  	 State

	 6505
	  	Babies R Us	  	114 Commerce Lane	  	Fairview Heights	  	Illinois
	 9510
	  	Toys R Us	  	120 Commerce Lane	  	Fairview Heights	  	Illinois
	 6054
	  	Toys R Us	  	6050 Gurnee Mills Circle E.	  	Gurnee	  	Illinois
	 6006
	  	Toys R Us	  	9555 North Milwaukee Avenue	  	Niles	  	Illinois
	 9248
	  	Babies R Us	  	15820 94th Avenue	  	Orland Park	  	Illinois
	 6023
	  	Toys R Us	  	45 Orland Square Drive	  	Orland Park	  	Illinois
	 9507
	  	Toys R Us	  	8801A University	  	Clive	  	Iowa
	 6041
	  	Toys R Us	  	200 East Kimberly Road	  	Davenport	  	Iowa
	 9508
	  	Toys R Us	  	5821 Suemandy Dr.	  	St. Peters	  	Missouri
	 6039
	  	Toys R Us	  	4411 W. Wisconsin Avenue	  	Appleton	  	Wisconsin
	 6037
	  	Toys R Us	  	355 South Moorland Road	  	Brookfield	  	Wisconsin
	 6552
	  	Babies R Us	  	2161 Zeier Road	  	Madison	  	Wisconsin
	 6035
	  	Toys R Us	  	3900 S. 27th Street	  	Milwaukee	  	Wisconsin
	 6051
	  	Toys R Us	  	2433 South Green Bay Road	  	Racine	  	Wisconsin
	 6515
	  	Babies R Us	  	4202 Riverdale Road	  	Riverdale	  	Utah
	 6325
	  	Toys R Us	  	122 Route 59 East	  	Nanuet	  	New York
	 6331
	  	Toys R Us	  	463 South Road	  	Poughkeepsie	  	New York
	 6320
	  	Toys R Us	  	1000 Central Avenue	  	Yonkers	  	New York

 Schedule F 

Material Agreements 
 None.

 Schedule G 

Intentionally Omitted 

 Schedule H 

Allocated Loan Amounts 
  

							
	Store #	  	 Store
	  	Allocated
Mortgage Loan
Amounts	 
	8303	  	King of Prussia	  	$	12,089,695	  
	7511	  	Manchester	  	$	8,550,181	  
	6320	  	Yonkers	  	$	8,448,220	  
	6039	  	Appleton	  	$	6,758,576	  
	6353	  	Norwalk	  	$	6,583,785	  
	6006	  	Niles	  	$	6,336,165	  
	8336	  	Annapolis	  	$	5,564,172	  
	6054	  	Gurnee	  	$	5,418,513	  
	8379	  	Cary	  	$	5,301,986	  
	8312	  	Media	  	$	5,141,761	  
	8867	  	Memphis III	  	$	4,835,878	  
	8831	  	Birmingham 2 (Hoover)	  	$	4,733,916	  
	6041	  	Davenport	  	$	4,661,087	  
	8371	  	Johnson City	  	$	4,355,203	  
	7026	  	Lafayette	  	$	4,224,110	  
	8342	  	Fredericksburg	  	$	4,194,978	  
	8310	  	York	  	$	4,034,753	  
	6362	  	Scranton	  	$	3,583,211	  
	7014	  	Corpus Christi	  	$	3,422,986	  
	7534	  	North Dartmouth	  	$	3,350,156	  
	6051	  	Racine	  	$	2,709,257	  
	9203	  	Chapel Hill	  	$	2,301,412	  
	9232	  	Montrose	  	$	509,806	  
	8703	  	Dadeland	  	$	10,210,694	  
	7523	  	Salem	  	$	7,399,476	  
	5659	  	Mission Viejo	  	$	7,253,817	  
	8726	  	Florida Mall	  	$	6,875,104	  
	5629	  	Bell Gardens	  	$	6,612,918	  
	7524	  	No Attlboro, MA	  	$	6,554,653	  
	8743	  	Pembroke Pines	  	$	6,438,126	  
	6020	  	Bloomingdale, IL	  	$	6,117,677	  
	8366	  	Reading, PA	  	$	6,088,545	  
	9269	  	Sterling Heights	  	$	6,059,413	  
	6023	  	Orland Park-TRU	  	$	5,870,056	  

							
	Store #	  	 Store
	  	Allocated
Mortgage Loan
Amounts	 
	8006	  	 Tigard- TRU
	  	$	5,861,317	  
	8903	  	 Florence
	  	$	5,709,831	  
	8354	  	 Golden Ring, MD
	  	$	5,593,304	  
	9510	  	 Fairview Heights-TRU
	  	$	5,505,909	  
	5649	  	 Murrieta
	  	$	5,491,343	  
	6326	  	 Milford-TRU
	  	$	5,462,211	  
	8902	  	 Castleton
	  	$	5,316,552	  
	5651	  	 East Mesa
	  	$	5,301,986	  
	9263	  	 Madison Heights
	  	$	5,258,289	  
	7817	  	 South Arlington
	  	$	5,258,289	  
	9508	  	 Mid Rivers, MO
	  	$	5,141,761	  
	7010	  	 Austin (So), TX
	  	$	5,054,366	  
	6359	  	 Whitehall
	  	$	4,908,707	  
	6321	  	 Toms River
	  	$	4,879,575	  
	9507	  	 Des Moines (Clive)
	  	$	4,792,180	  
	9267	  	 Toledo
	  	$	4,763,048	  
	6325	  	 Nanuet
	  	$	4,748,482	  
	8843	  	 Cool Springs
	  	$	4,719,350	  
	8802	  	 Rivergate
	  	$	4,457,164	  
	8311	  	 Oxford Valley
	  	$	4,428,033	  
	5809	  	 Modesto-TRU
	  	$	4,369,769	  
	5805	  	 Reno-TRU
	  	$	4,253,242	  
	6037	  	 Brookfield
	  	$	4,224,110	  
	6361	  	 Wilkes-Barre
	  	$	4,180,412	  
	9213	  	 Monroeville
	  	$	4,049,319	  
	8352	  	 Norfolk, VA
	  	$	4,020,187	  
	7030	  	 McAllen
	  	$	3,976,490	  
	8841	  	 Pineville, NC
	  	$	3,932,792	  
	5611	  	 Riverside
	  	$	3,903,660	  
	7520	  	 Kingston
	  	$	3,685,172	  
	6331	  	 Poughkeepsie, NY
	  	$	3,685,172	  
	9271	  	 Westland, MI
	  	$	3,656,040	  
	9209	  	 Erie
	  	$	3,597,776	  
	9262	  	 Southgate
	  	$	3,554,079	  
	7522	  	 Brockton, MA
	  	$	3,539,513	  
	8916	  	 Miamisburg, OH
	  	$	3,306,458	  
	7822	  	 Lewisville, TX
	  	$	3,306,458	  
	8329	  	 Franklin Mills, PA
	  	$	3,175,365	  
	6035	  	 South Milwaukee
	  	$	3,102,536	  

							
	Store #	  	 Store
	  	Allocated
Mortgage Loan
Amounts	 
	8340	  	 Winchester
	  	$	3,087,970	  
	9531	  	 Westminster
	  	$	3,073,404	  
	9218	  	 Beaver Valley
	  	$	2,942,311	  
	8922	  	 Dublin
	  	$	2,650,993	  
	8905	  	 Colerain
	  	$	2,490,768	  
	8323	  	 Williamsport
	  	$	2,345,109	  
	8908	  	 Clermont
	  	$	2,286,846	  
	9210	  	 Boardman
	  	$	2,243,148	  
	9207	  	 Mentor
	  	$	2,170,319	  
	8370	  	 Johnstown
	  	$	2,141,187	  
	9234	  	 Cranberry
	  	$	1,602,249	  
	9211	  	 Canton
	  	$	1,485,721	  
	9208	  	 Elyria
	  	$	1,398,326	  
	9277	  	 Sandusky
	  	$	1,325,497	  
	9221	  	 North Olmsted
	  	$	1,194,404	  
	8910	  	 Hamilton
	  	$	975,915	  
	9215	  	 Pittsburgh
	  	$	524,372	  
	9212	  	 St. Clairsville
	  	$	247,620	  
	6383	  	 Braintree
	  	$	7,952,980	  
	5677	  	 Van Nuys
	  	$	6,685,746	  
	9566	  	 Pleasanton (Dublin)
	  	$	5,826,359	  
	6462	  	 Montgomeryville
	  	$	5,170,893	  
	6449	  	 Springfield
	  	$	5,170,893	  
	6414	  	 White Oak
	  	$	5,039,800	  
	6441	  	 Milford-BRU
	  	$	4,937,839	  
	9248	  	 Orland Park-BRU
	  	$	2,986,009	  
	9574	  	 Tigard-BRU
	  	$	4,416,380	  
	5675	  	 Oxnard
	  	$	4,398,901	  
	6443	  	 Everett
	  	$	4,384,335	  
	6393	  	 Sterling
	  	$	4,224,110	  
	9579	  	 Highlands Ranch
	  	$	3,918,226	  
	9249	  	 Northville
	  	$	3,903,660	  
	9573	  	 Modesto-BRU
	  	$	4,340,637	  
	5694	  	 Tucson
	  	$	3,728,869	  
	5679	  	 Glendale
	  	$	3,524,947	  
	8890	  	 Columbia, SC
	  	$	3,422,986	  
	6445	  	 Reno-BRU
	  	$	3,350,156	  
	9294	  	 Merrillville
	  	$	3,015,141	  
	6552	  	 Madison, WI
	  	$	2,782,086	  

							
	Store #	  	 Store
	  	Allocated
Mortgage Loan
Amounts	 
	9581	  	 Vista
	  	$	2,752,954	  
	6505	  	 Fairview Heights-BRU
	  	$	2,665,559	  
	9280	  	 Auburn Hills
	  	$	2,476,202	  
	9255	  	 Flint
	  	$	2,024,660	  
	9290	  	 Fort Wayne
	  	$	2,141,187	  
	9291	  	 Syracuse
	  	$	1,980,962	  
	6515	  	 Ogden (Riverdale)
	  	$	1,369,194	  
	9239	  	 Reynoldsburg
	  	$	1,048,745	  
	6388	  	 North Attleboro
	  	$	378,713	  
	9279	  	 Toledo
	  	$	582,636	  
	9254	  	 Boardman
	  	$	451,543	  
		  		  	  
	  
	 
		  	 Total Portfolio
	  	$	512,000,000	  
		  		  	  
	  
	 

 Schedule I 

Monthly Amortization Amount 
  

									
	 Payment Date
	  	Principal
Payment	 	  	Ending Balance	 
	11/9/2016	  	$	0.00	  	  	$	512,000,000.00	  
	12/9/2016	  	$	509,698.69	  	  	$	511,490,301.31	  
	1/9/2017	  	$	426,998.80	  	  	$	511,063,302.51	  
	2/9/2017	  	$	429,204.96	  	  	$	510,634,097.55	  
	3/9/2017	  	$	686,739.57	  	  	$	509,947,357.99	  
	4/9/2017	  	$	434,970.67	  	  	$	509,512,387.31	  
	5/9/2017	  	$	522,136.75	  	  	$	508,990,250.56	  
	6/9/2017	  	$	439,915.73	  	  	$	508,550,334.83	  
	7/9/2017	  	$	526,947.01	  	  	$	508,023,387.82	  
	8/9/2017	  	$	444,911.19	  	  	$	507,578,476.63	  
	9/9/2017	  	$	447,209.89	  	  	$	507,131,266.74	  
	10/9/2017	  	$	534,042.36	  	  	$	506,597,224.39	  
	11/9/2017	  	$	452,279.70	  	  	$	506,144,944.69	  
	12/9/2017	  	$	538,973.97	  	  	$	505,605,970.73	  
	1/9/2018	  	$	457,401.17	  	  	$	505,148,569.55	  
	2/9/2018	  	$	459,764.41	  	  	$	504,688,805.14	  
	3/9/2018	  	$	714,484.26	  	  	$	503,974,320.87	  
	4/9/2018	  	$	465,831.36	  	  	$	503,508,489.51	  
	5/9/2018	  	$	552,156.24	  	  	$	502,956,333.27	  
	6/9/2018	  	$	471,090.97	  	  	$	502,485,242.30	  
	7/9/2018	  	$	557,272.48	  	  	$	501,927,969.82	  
	8/9/2018	  	$	476,404.18	  	  	$	501,451,565.65	  
	9/9/2018	  	$	478,865.60	  	  	$	500,972,700.05	  
	10/9/2018	  	$	564,835.19	  	  	$	500,407,864.86	  
	11/9/2018	  	$	484,258.05	  	  	$	499,923,606.80	  
	12/9/2018	  	$	570,080.65	  	  	$	499,353,526.15	  
	1/9/2019	  	$	489,705.47	  	  	$	498,863,820.68	  
	2/9/2019	  	$	492,235.62	  	  	$	498,371,585.06	  
	3/9/2019	  	$	743,964.63	  	  	$	497,627,620.44	  
	4/9/2019	  	$	498,622.65	  	  	$	497,128,997.79	  
	5/9/2019	  	$	584,053.70	  	  	$	496,544,944.09	  
	6/9/2019	  	$	504,216.48	  	  	$	496,040,727.61	  
	7/9/2019	  	$	589,495.05	  	  	$	495,451,232.56	  
	8/9/2019	  	$	509,867.32	  	  	$	494,941,365.24	  
	9/9/2019	  	$	512,501.64	  	  	$	494,428,863.61	  
	10/9/2019	  	$	597,554.37	  	  	$	493,831,309.23	  
	11/9/2019	  	$	518,236.92	  	  	$	493,313,072.31	  
	12/9/2019	  	$	603,133.33	  	  	$	492,709,938.98	  

									
	 Payment Date
	  	Principal
Payment	 	  	Ending Balance	 
	1/9/2020	  	$	524,030.67	  	  	$	492,185,908.31	  
	2/9/2020	  	$	526,738.16	  	  	$	491,659,170.15	  
	3/9/2020	  	$	693,346.03	  	  	$	490,965,824.12	  
	4/9/2020	  	$	533,041.93	  	  	$	490,432,782.19	  
	5/9/2020	  	$	617,534.78	  	  	$	489,815,247.41	  
	6/9/2020	  	$	538,986.58	  	  	$	489,276,260.83	  
	7/9/2020	  	$	623,317.38	  	  	$	488,652,943.45	  
	8/9/2020	  	$	544,991.81	  	  	$	488,107,951.63	  
	9/9/2020	  	$	547,807.61	  	  	$	487,560,144.03	  
	10/9/2020	  	$	631,897.97	  	  	$	486,928,246.06	  
	11/9/2020	  	$	553,902.75	  	  	$	486,374,343.31	  
	12/9/2020	  	$	637,826.97	  	  	$	485,736,516.34	  
	1/9/2021	  	$	560,060.02	  	  	$	485,176,456.31	  
	2/9/2021	  	$	562,953.66	  	  	$	484,613,502.65	  
	3/9/2021	  	$	808,169.01	  	  	$	483,805,333.64	  
	4/9/2021	  	$	570,037.80	  	  	$	483,235,295.84	  
	5/9/2021	  	$	653,522.21	  	  	$	482,581,773.63	  
	6/9/2021	  	$	576,359.53	  	  	$	482,005,414.11	  
	7/9/2021	  	$	659,671.62	  	  	$	481,345,742.49	  
	8/9/2021	  	$	582,745.69	  	  	$	480,762,996.80	  
	9/9/2021	  	$	585,756.54	  	  	$	480,177,240.26	  
	10/9/2021	  	$	668,812.49	  	  	$	479,508,427.78	  
	11/9/2021	  	$	479,508,427.78	  	  	$	0.00

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00263-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00263-of-00352.parquet"}]]